The Mala Project consists of the Mala and St. Nicholas Licenses in the western region of Cyprus, with a key focus on the historic Mala pyrite and St. Nicholas mines. Both historic operations have indicated large sulphide based deposits as well as significant on-surface deposits.
The Mala licence includes the historic Mala pyrite mine reported to have produced 200,000 tonnes of ore comprising 80Kt at 0.55% Cu. The target area has identified numerous volcanic vents synonymous with VMS systems and it’s Prospectivity is enhanced by the presence of a large number of northwest – southeast trending faults. The deposit remains exposed within the historic open pit and a 1994 report estimated a non-JORC (2012) reserve of 200,000 tonnes.
The site is also host to an estimated 500,000 tonnes of ore stockpiles and tailings remain on-site requiring testing to estimate both gold and base metal grades as possible future sources of low-grade leachable feedstock.