• IGO has earned a 70% interest in Encounter's Yeneena Copper Project in the Paterson Province
• A joint venture between IGO and Encounter has been established to advance the project
• Recent drilling and geophysical surveys have been completed, with results expected in early 2025

IGO Limited (ASX:IGO) has completed $15 million in exploration expenditure at the Yeneena Copper Project ('Yeneena') in the Paterson Province in Western Australia, thereby earning a 70% interest in the project. A joint venture between IGO and Encounter Resources Ltd ('Encounter') covering Yeneena has now been established. Two diamond drill holes and 39 aircore holes were completed by IGO at Yeneena during 2024, with results expected early in 2025. The Paterson Province has seen significant recent corporate interest from major resources companies, demonstrating the region's prospectivity and potential for large-scale copper and gold developments. Yeneena comprises a major land position in the highly prospective Paterson Province, targeting copper-cobalt mineralisation. The project is located 60km southwest of the major gold-copper mine at Telfer, owned by Greatland Gold, and south of the Nifty copper mine, owned by Cyprium Metals Limited. The Paterson Province also contains multiple large-scale copper-gold deposits such as Greatland Gold's Havieron, Rio Tinto's Winu deposit, and Antipa Minerals' Minyari Dome deposit. Encounter and IGO entered into an earn-in and joint venture agreement covering Yeneena in March 2020 following the discovery of the BM1 copper oxide prospect.