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Argonaut runs aground in South Australia

Just one month ago, Argonaut management and investors felt they had reached an inflection point at their 30%-owned Torrens iron-oxide-copper-gold project at Lake Torrens, South Australia, as joint venture partner and operator Aeris Resources seemed to have belatedly overcome operational difficulties with an artesian aquifer.

Argonaut runs aground in South Australia Argonaut runs aground in South Australia Argonaut runs aground in South Australia Argonaut runs aground in South Australia Argonaut runs aground in South Australia

The Torrens IOCG exploration effort in South Australia has hit the skids