Australian Projects

Greenfield project directly north of Dreadnought (ASX:DRE) Orion Cu-Ag-Au-Co-Zn discovery

Helicopter assisted diamond drilling encountered the presence of a large hydrothermal system with similar geochemical characteristics to that surrounding porphyry copper-gold mineralisation

Detailed aeromagnetic and radiometric survey completed with a significant porphyry like magnetic anomaly detected

140km north of Derby in the Buccaneer Achipelago of the Kimberley

100% interest in 3 granted tenements (E04/2660, E04/2701 and E04/2702) and 80% interest in granted tenement E04/2542

Total tenement package size of 373 km2 in a very underexplored area

Complete project wide geological and targeting review – focussing on porphyry copper potential

Progress access application with the Department of Defence for tenements E04/2701 and E04/2702

Greenfield project within 70km’s of Galena Mining’s (ASX:G1A) Abra Lead-Silver Mine (34.5Mt @ 7.2% Pb and 16 g/t Ag)

4 diamond holes completed for 1833m with extensive hydrothermal alteration and low level Pb-Ag detected in all drill holes

Regional reconnaissance sampling completed with rock chip grades to 1.9% Pb, 0.5% Zn and 97 g/t Ag

850km NNW of Perth, 230km NW of Meekatharra and 220km SW of Newman

80% interest in 4 granted tenements (E52/3881, E52/3896, E52/3944 and E52/4026) covering 442 km2 of the same stratigraphy that hosts Abra

20% retained by the Vendors – Bangemall Metals Pty Ltd – a renowned group of geologists and geophysists with extensive knowledge of base metal mineralisation within the Edmund Basin

Close spaced ground gravity survey over the Teano and Postcutters Pb-Ag targets on E52/3881 to better define drill targets

Close spaced airborne VTEM surveying over Pb-Ag and Zn targets on E52/3896, E52/3944 and E52/4026 to define new drill targets

Greenfield project location 75km south of Newman and within the same stratigraphy as E25’s (ASX:E25) Butcherbird Manganese Mine and Firebird Metals (ASX:FRB) 616 Manganese Project

Two phases of RC drilling conducted over manganese targets with 120 holes for 3150m completed. Best results include 5m @ 12.3% Mn, 3m @ 19.7% Mn and 2m @ 14.9% Mn

Widespread Channel Iron Mineralisation encountered with rock chip grades to 62.6% Fe and RC drilling of 2m @ 53.6% Fe

75km south of Newman with access via the Great Northern Highway and the Jiggalong and Weelarrana North Roads

100% interest in 5 granted tenements (E52/3878, E52/3981, E52/4046, E52/4071 and E52/4072) and 2 tenement applications (E52/3892 and E52/4173) covering 958 km2

Year-round exploration is possible

PoW’s approved for RC drill programs over the Channel Iron mineralisation and further outcropping high grade manganese mineralisation

Heritage surveys over proposed drill program areas

RC drilling once Heritage surveys are completed

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