Canadian explorers look to opportunities in Australia as gold, silver and base metal prices stay strong

The mineral exploration and development space in Australia has recently seen a spike in investments from Canadian companies as the price of gold, silver and base metals continues to stay strong.

Australia is viewed as a well-regulated, stable jurisdiction for exploring and developing mining projects and has been relatively successful in containing the spread of COVID-19.

The sector has witnessed a steady flow of investments from established and emerging Canadian companies including Walcott Resources, Novo Resources Corp, Fosterville South Exploration, First Energy Metals and Graphite Energy Corp.*Walcott Resources*

British Columbia-based Walcott Resources Ltd (CNSX:WAL) (OTCMKTS:WALRF) (FRA:WR2) recently closed the acquisition of a 60% interest in two Australian projects - Tyr Silver Project in New South Wales and Century South Silver-Zinc Project in Queensland.

This acquisition will provide Walcott with an interest in the two highly prospective silver projects at a time of encouraging silver market fundamentals.

Tyr Silver Project in northern New South Wales covers around 300 square kilometres and has two historical silver mines - Burra and Torny - with potential for high-grade silver zinc-lead-tin mineralisation.

Century South Silver-Zinc Project, in the Mt Isa Basin of northwest Queensland, is under-explored but in a highly prospective region and along strike from one of the world's largest silver-zinc mines.