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The three licences now being surrendered were originally taken out by Seltrust in the mid-1970s to search for stratabound base metals and Olympic Dam type mineralisation. After Seltrust withdrew from the subsequently formed Stuart Shelf joint venture...
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One vertical stratigraphic diamond drillhole [the 1a re-drill] was fully cored to 1450 m total depth over a regional gravity high in the western half of the licence which was thought to be prospective for Olympic Dam type polymetallic mineralisation...
