Developing drill ready targets through rigorous and methodical ‘boots on-ground’ exploration
 

Bowgan Minerals Limited was established in 2009 to identify new and exciting mineral exploration opportunities in under-explored parts of the Northern Territory and has the following aims:

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1) To generate new projects in prospective terrains, not recycle old ones,

2) To conduct detailed, rigorous and methodical ‘boots on-ground’ exploration,

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3) To develop smaller tenement packages, with a more focussed and detailed approach,

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4) To conduct exploration in a targeted and cost-effective manner using private equity funding,

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5) To use a multidisciplinary approach with regards to our exploration, including the trialling of new and innovative technologies, concepts and methods,

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6) To de-risk projects to the point where they are drill-ready prior to fund-raising,

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7) To create opportunities for local participation, especially with regard to indigenous employment opportunities.

 

Company history

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Bowgan Minerals Limited was established at a time when there was little greenfield exploration happening in the Northern Territory.

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During the last capital boom which ended around 2012, the majority of exploration funding was focussed on brownfield projects resulting in unacceptably low returns on investment.

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Bowgan Minerals Limited worked against the trend of brownfield investment believing that the significantly greater value would be developing through identifying and de-risking greenfield projects.

Over the last 13 years Bowgan Minerals Limited has developed 3 new and prospective exploration projects in the Northern Territory.

 

All 3 projects present a number of de-risked and drill-ready targets, across a range of commodities developed through a rigorous, boot-on-ground approach involving multiple exploration methodologies. This approach has resulted in new exploration target models unique to each project.

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Our science driven, cost effective approach 

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Unlike the traditional approach of leasing huge tenement packages where the target generation stage is driven primarily by regional geophysical surveying and rapid interpretation through the application of a massive exploration budget, Bowgan Minerals has developed a focused and cost-effective methodology.

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Our approach is different, and involves more rigorous selection of smaller and more manageable tenement areas, where we aim to apply a higher degree of exploration focus over a longer timeframe.

 

We believe that new exploration targets in greenfield terrains take a longer timeframe than one capital cycle to identify and de-risk.

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This exploration philosophy that has been running for the last 13, years has resulted in the identification of more than 20 drill-ready targets