The company, which initially acquired the copper play in June for A$6.5 million, has added a further 37.5 square kilometres to the project, swelling its position by 132 per cent to about 66 square kilometres. Flagship said the new ground captures prospective strike extensions to its existing exploration target, which sits within a porphyry mineral system stretching roughly 3.7 kilometres long and 1.2 kilometres wide.
The Whipsaw project is backed by 58 historical drill holes, with standout hits including 283.47 metres at 0.28 per cent copper equivalent from 70.1 metres, 193.7 metres at 0.30 per cent copper equivalent from 4.42 metres, and 124.93 metres at 0.33 per cent copper equivalent from 26.3 metres. The project also features a JORC-compliant exploration target of between 510 million and 1.02 billion tonnes, grading between 0.2 and 0.4 per cent copper equivalent.
The expansion comes as British Columbia's pro-mining “Look West Strategy” accelerates major project approvals. Recent examples include Skeena Resources’ Eskay Creek mine, which saw its application-to-decision timeline cut by 40 per cent, and Centerra Gold’s Mount Milligan extension, which was approved 60 per cent faster than previous processes. Flagship said its own claims were granted in just over three months.
“Our objective is straightforward: Advance Whipsaw in a capital-efficient manner for a spin-out to unlock value for Flagship shareholders,” managing director Paul Lock said.