TUNGSTEN & MULTI COMMODITIES Molyhil, NT Australia • Continued strength in tungsten and molybdenum pricing price fuels potential development interest. • Positive results from sorting low grade ore resulted in a review of the ore reserve. • Upgraded Open Cut ore reserve adds to mine life and identifies subsequent underground mining potential.
Review of parameters for capital and operating expenses to prepare an upgraded Definitive Feasibility Study (DFS).
Pilot Mountain, Nevada USA • Initiation of internal scoping study to determine high level operating parameters.
• Evaluation of scoping study outcomes. • Stage 2 of metallurgical testwork.
COPPER Kapunda, SA Australia • Technical studies required for preparation of mineral resource estimate on portion of mineralisation amenable to insitu recovery techniques.
• Completion & publication of mineral resource estimate for the portion of mineralisation considered amenable to insitu recovery techniques. • Leach testing on historical core samples.
OTHER OPPORTUNITIES • Due diligence under way in respect of Lithium & Gold opportunities in the Pilbara region (WA)
• Continue due diligence & assessment of low cost exposure to Australian Lithium/Gold opportunities in the Pilbara.
