Quarterly Report: June 2017

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Highlights

  • Drilling and ground geophysical programmes underway following successful initial drilling at Mount Venn project
  • RAB/Aircore programme completed and RC drilling planned to further test and extend extensive gold mineralisation discovered at the Three Bears prospect. Previously reported intercepts included; 12m @ 1.19 g/t, 40m @ 0.36 g/t Au & 36m @ 0.47 g/t Au
  • Ground based Dipole-Dipole Induced Polarisation (IP) geophysics underway to test thick Zinc mineralisation discovered at the Rutters prospect. Mineralisation occurs within a felsic volcanic pile with pervasive pyrite – potential for VMS style base metal mineralisation
  • Previous shallow drilling at Rutters included intercepts of; 39m @ 0.23% Zn, 40m @ 0.12% Zn & 13m @ 0.25% Zn
  • RC drilling also planned at Rutters following target definition from the geophysical programme
  • Several prospective bedrock conductors defined occurring within the target stratigraphic horizon which contains the Mustang conductor at the Teutonic joint venture project
  • Rights to commence mining at the Parker Range iron ore project extended a further five years to 2022 by the Minister for Environment

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