Projects and Investments

Projects and Investments

SEDIMENT HOSTED GOLD IN THE BLACK FLAG GROUP OF THE EASTERN GOLDFIELDS OF WA

The discovery of Invincible by Gold Fields Australia in 2012 on the edge of Lake Lefroy at Kambalda, St Ives and Baloo by Sirius Resources NL in 2015 has confirmed the prospectively of the Black Flag Group (BFG) sediments which have largely been ignored in the past, due to the focus of exploration on basalts and dolerites.

Mt Edwards, Ora Banda and Black Flag tenement applications have focused on areas where BFG sediments are covered by overburden or transported younger sediments and consequently remain to be explored. See Figure 1.

OPEN FILE RESEARCH ACTIVITY MT EDWARDS Southwest of Kalgoorlie

Open file data has confirmed that past exploration has intersected gold mineralisation at the base of the transported cover but has not tested the underlying BFG sediments (See Figure 2 below). Studies of the past geophysical surveys are in progress and will be integrated with the geological data.

ORA BANDA Northwest of Kalgoorlie

Initial open file research has confirmed gold geochemical anomaly on the Company’s tenement applications and on adjacent land held by others there is gold mineralization in shallow drilling either associated with the cover rocks or the underlying BFG sediments (See Figure 3 below). Open file research is continuing.

CODE TARGETS

MALLINA, Geological age Analogue of Witwatersrand of South Africa

The Mallina Exploration Licence applications are located approximately 20km south of Whim Creek in the Pilbara of Western Australia (See Figure 4 below).

The Mallina targets are anticlinal structures of the Mallina Formation and Constantine sandstone which are geological age analogues of the Witwatersrand gold deposits of South Africa.

Open file research of past exploration activities within the target areas has commenced.

Figure 1: Tenement Applications, Black Flag Beds, Eastern Goldfields

Figure 2: Mt Edwards, Tenement Application and Past Exploration Results

Figure 3: Ora Banda, Tenement Applications and Past Exploration Results

Figure 4: Mallina, Tenement Applications and Target Zones