Located on the island of Mindanao in the Southern Philippines, the Tampakan copper-gold deposit represents a major high-sulfidation epithermal deposit superimposed on an underlying porphyry copper system. With a recent JORC compliant indicated and inferred resource estimate of 1104 million tonnes at 0.65 per cent copper and 0.26 g/t gold at a 0.3 per cent copper cut-off grade, Tampakan represents the largest undeveloped copper-gold deposit in Southeast Asia. Since its acquisition by Indophil Resources' affiliate Sagittarius Mines Inc in August 2002, the deposit is the subject of an ongoing preliminary feasibility study into project viability that is initially focused on a higher-grade copper zone in the north-central part of the deposit._x000D_
The deposit is hosted by a sequence of subaerial andesitic flows (Tampakan Andesite Sequence) related to a highly eroded andesitic stratavolcanic complex of Pliocene age. Detailed mapping and geochronological dating has identified four volcanic cycles or centres that have been sequentially developed and eroded. This stratovolcanic complex is interpreted to lie on the northern extension of the Sangihe volcanic arc that extends from Northern Sulawesi in Indonesia. The Tampakan district is located within a complex tectonic setting dominated by WNW trending wrench faults that form part of the trans-Mindanao Cotabato Fault Zone. The Tampakan deposit is located near the intersection of one of several WNW trending splay structures with a prominent NNE trending dilational structure, one of many that transect the host volcanic complex. High-sulfidation style copper-gold mineralisation at Tampakan is broadly associated with and central to a flat-lying tabular body of pervasive silica and silica-clay alteration developed within a district- scale lithocap of advanced-argillic and argillic hydrothermal alteration that extends over an area of 90 km2 within the volcanic complex.