NORMANBY

In Australia, drill testing of porphyry style copper-gold mineralisation at the Normanby Project, in northern Queensland commenced in early July 2017. A total of 518m of RC drilling from 7 RC drill holes and 89.2m of diamond coring from 1 drill holes was completed at the time of writing.

A reassessment of the range of other projects held in Queensland resulted in definition of detailed work programs that will be put in place as exploration funds become available. Joint venture opportunities are being sought for these projects and it is pleasing to note that there has been much interest by junior exploration and mining companies. However, despite this interest, the continued challenging equities markets are making it difficult for companies to raise the exploration funds to complete joint venture deals and commence exploration.

The Group holds 6 major project areas in Queensland at Normanby, Rannes, Mt Perry, Cracow West, Westwood and Lonesome

PROJECT OVERVIEW

Location 120km north-west of Mackay, Queensland, Australia

Tenement area 171 granted sub-blocks (circa 550km²) and 100 application sub-blocks (circa 321km², primarily tenement consolidation areas).

Ownership 100%

Primary Targets Copper-gold porphyry deposits and batholith associated gold vein deposits