Opportunity to Acquire a Portfolio of Prospective Polymetallic and Gold Tenements in Queensland, Australia

Rookwood – Key Highlights:

  • Four EPMs (670sqkm) covering the central and southern Rookwood Volcanic Belt (RVB) target
  • RVB hosts known Volcanic Hosted Massive Sulphide (VHMS) mineralisation – Sulphide City deposit (3.2Mt @ 1.6% CuEq)
  • Significant potential for additional copper-rich VHMS deposits in the central and southern areas of the RVB
  • Iltani is completing first pass exploration (mapping and geochemical sampling) targeting large scale alteration zones

Southern Gold – Key Highlights

  • Comprises an EPM located in Southern Queensland
  • Review of historical exploration identified Nukinenda Dyke and Mt Langan as high priority targets
  • Nukinenda Dyke is a diorite dyke with a identified strike length of +2km, 3.5 – 11m thick and dip of 60 – 65 degrees with hosted in quartz arsenopyrite veins
  • Mt Langan presents as a probable sulphidation epithermal target with extensive sericitic and propylitic alteration zones, breccia pipes and alunite in float
  • Nine holes have been drilled with notable results including:
    • PDH7: 2m @ 0.8g/t Au and 83g/t Ag from 32m
    • PDH8: 4m @ 0.2g/t Au from 33g/t Ag from 34m
  • Other previous drilling by Pensacola and Marlborough Gold Mines in 1987/88 intersected:
    • NR6: 10m @ 2.5g/t Au (from 32m)
    • NC13: 11m @ 4.1g/t Au (from 43m)
  • Mineralisation remains open at depth and presents as the high priority drill target