Scenic landscape of rolling green hills in the foreground, with rugged mountain peaks in the background under a clear pale blue sky.

Trinity One Projects

Aerial view of a red dirt road running through an Australian forest with trees and open sky, overlaid with a label that says 'Australian Projects'.
A wide landscape of plains with mountains in the background and a partly cloudy sky, overlaid with the text "Mongolian Victory Project".
Map of Mongolia highlighting a recent victory, showing various mineral deposits including magmatic Cu-Ni, epithermal Au, porphyry Cu-Au/Mo, and VMS Au deposits, with key cities, railways, and borders indicated.

Victory Copper-Gold Project - Mongolia

Trinity One holds 80% of the Victory Copper-Gold project, with joint-venture partner Lithium ION Energy Ltd.

Following exploration work by both parties in 2022 and 2023, the parties agreed to formally separate their ownership of the Victory Copper-Gold Project previously wholly owned by Lithium ION. The split of the Baavhai Uul license was approved by the Mineral Resource and Petroleum Authority of Mongolia on November 26, 2023. Under the arrangement, Trinity One owns 80% of the Victory Copper Project and relinquished exploration rights to the remainder of the license comprising the Baavhai Uul project. Lithium ION will retain a 20% free carried interest in the Victory Copper Project until commercial production.

The Victory Discovery is one of approximately 25 copper geochemical discoveries on the Baavhai Uul Exploration Licence associated with ultramafic and mafic intrusives (differentiated mafic sills) and is only the first to be followed up by 50m x 50m grid spaced shallow auger geochemical drilling. This type of mineralization and host lithology hosts many known deposits in northern China, including the Tier-1 Jinchuan Deposit.

On January 10, 2024, the Company completed analysis of auger geochemical and ground geophysical data across the Victory intrusive at the Victory Copper Discovery in Mongolia. This has highlighted numerous targets for further exploration.

  • The Gawler Project consists of two exploration licences in South Australia, within the Precambrian Gawler Craton which hosts major base metal deposits at Olympic Dam, Prominent Hill, and Carrapateena.Trinity One holds rights to 80% the project secured through a Joint Venture agreement with the registered holder.

     One exploration licence is located in the Campoona area of the Eyre Peninsula, approximately 250km NW of Adelaide, within a sequence of sedimentary and meta-igneous rocks. Geological mapping of the Gawler Project area has been undertaken by the SA Geological Survey which provides a useful base map.

     The second Exploration Licence is located in the Mabel Creek area approximately 80km NW of Coober Pedy and 850km NNW of Adelaide. Previous exploration has shown that the area is covered by sedimentary sequences ranging from 40 to 100m deep.

     In 2012, AngloGold Ashanti Limited covered the area with detailed aeromagnetics identifying four high priority targets. They undertook significant ground exploration on one of the defined targets, the Coronation Bore Prospect, including ground gravity, ground magnetics, and 1,740m of diamond drilling. Three remaining untested gravity/magnetic anomalies on Mable Creek remain prospective for IOCG mineralisation.

  • The Western Wood Project is located in the northwest of New South Wales and consists of two granted exploration licences, covering 298km2 which are considered prospective for gold and base metals. Trinity One  holds rights to 80% the project secured through a Joint Venture agreement with the registered holder.

    EL8553 is located 15km west of the Cobar Goldfield and CSA copper mine. Rock types in the licence are dominated by sandstones and siltstones of Devonian age with shallow cover in places. The main prospect is a gravity anomaly in the northwest quadrant where a recent gravity survey and geophysical modelling resulted in the definition of a 1.5 x 1.5km target zone of anomalous density occurring at a depth of 130 to 400m. Proposed follow-up includes mapping, rock sampling, and aircore drilling.

    EL9236, is located 45km east of Broken Hill and its world-class silver-lead-zinc deposits. Analysis of the significant amounts of historical exploration has identified a large area of anomalous base metal geochemistry and elevated rare earth element geochemistry associated with a north-trending structure. Lying within this zone is a coincident aeromagnetic and gravity anomaly. Geophysical modelling indicates a good fit to the data was achieved by a 250 x 130m elliptic pipe plunging to the south with a depth-to-top of ~160m. Trinity One plans to undertake mapping, rock sampling, soil geochemistry, ground magnetic and gravity geophysical surveys over the anomaly to define drilling targets.