The Company believes the Ned’s Creek Project is highly...

The Company believes the Ned’s Creek Project is highly prospective for an intrusion-related style of gold mineralization with the possibility to host significant multiple gold lodes as the Contessa, Central Park, Gidgee Flat and Brumby gold prospects lie along the Contessa granite on the southern margin of the Marymia Inlier adjacent to reactivated crustal-scale faults that are a key feature of world-class gold camps.

The geological environment is comparable with that at the Wallaby gold deposit located 500km southeast in the Yilgarn Craton of Western Australia with a reserve of 2.0 million ounces of gold and total resources of 7.1 million ounces of gold.