The Troulli project is a strategic hub made up of the Troulli, Anglisides and Kokkinopetra licences. The Licences focus on the former Troulli copper mine and ancient surface gold workings with the neighbouring Kokkinopetra exploration Licence.
This project provides an ideal example of the Company’s dual strategy approach, with the “waste to revenue” strategy identifying mineralised low-grade waste dumps, ore stockpiles, tailings and other surface materials containing recoverable residual metals whilst also harbouring primary ore in the form of Volcanogenic Massive Sulphide (“VMS”) gold and copper sulphide mineralisation. Both resource types can be processed through the same treatment plant.
Troulli is located in central southern Cyprus; the licence is situated approximately 12km due north of the city of Larnaca. The licence is focused on the historic Troulli mine, which was prematurely closed in 1974 at the time of the Turkish Invasion.
Troulli gold and copper orebodies are hosted by pillow lavas and controlled by faulting and are typical of stockwork-type VMS mineralisation found in Cyprus.