Ann: MaCauley Creek Porphyry Project Tenement Granted, page-2

MACAULEY CREEK PORPHYRY PROJECT TENEMENT GRANTED
IN THIS ANNOUNCEMENT
• The granting of EPM27124 – the first of two EPM’s comprising the MaCauley Creek Copper-GoldMolybdenum Porphyry Project (located in Queensland)
• Brief description of the MaCauley Creek Project (with tier-1 porphyry potential)
• Brief description and assessment of past exploration at MaCauley Creek
• Brief explanation of porphyry deposits and a porphyry analogue for MaCauley Creek
• Planned exploration at MaCauley Creek
• Competent Person Statement, Key Words and ASX JORC 2012 Compliance Statements – Appendix 1
HIGHLIGHTS
• EPM27124, one of two EPM’s comprising the MaCauley Creek Copper-Gold-Molybdenum Porphyry Projects
(MaCauley Creek or the Project) is granted
• MaCauley Creek occurs in the Townsville-Mornington Island Porphyry Belt in Queensland
• Past exploration review reveals historic mining activity at MaCauley Creek:
o Small scale mining in 1900’s focussed on supergene enriched copper (Cu)-lead (Pb)-zinc (Zn)-silver (Ag)
mineralisation
o Very small production occurred at four locations with historic grades ranging from 2.45% to 12.50% Cu,
6.50% to 12.00% Pb, 2.89% to 6.68% Zn and 44g/t to 4,522g/t Ag
• Past exploration at MaCauley Creek includes airborne geophysical, geochemical and drilling programs
• Among best previous drilling1 results are:
o Hole #6: 20m down-hole interval at 0.51% Cu, 2.64% Pb, 1.10% Zn, 85g/t Ag from 10m – open ended
o Hole #69: 17m down-hole interval at 0.65% Cu, 4.17% Pb, 1.18% Zn, 103g/t Ag from 2m
o Hole #80: 17m down-hole interval at 0.43% Cu, 1.67% Pb, 2.93% Zn, 84g/t Ag from 108m within 77m downhole interval at 0.14% Cu, 0.74% Pb, 1.03% Zn, 30g/t Ag from 52m – open ended
o Mineralisation is hosted in altered granite
• Multiple coincident geophysical/geochemical targets identified in past exploration but not tested
• MaCauley Creek is considered highly prospective for tier-1 Cu-Au-Mo porphyry style mineralisation
• First Inca site visit planned for next week