"Funds raised by the Offers will be applied to the Company’s...

"Funds raised by the Offers will be applied to the Company’s core projects which include:
(a) WRC PGM Project: drilling to define mineral resources in Parks Reef which consists of identified near surface PGM-Au mineralisation over a strike of 15km and 15m wide; and
(b) WRC Ni-Cu Sulphide Project: drill testing of defined geophysical and geochemical targets for nickel-copper sulphide mineralisation."

"WRC PGM Project

The WRC PGM Project is focused on Parks Reef, a zone of pre-resource mineralisation 15km long and on average 15m wide containing PGM-Au identified by previous drilling comprising over 20,000 meters from 490 holes on 57 profiles spaced around 200m apart with an average vertical depth of only 42 meters. Previous work focused on PGM in the oxide zone. Very little work was completed on the sulphide zone which commences at approximately 50m from surface. The deepest hole intersected the sulphide zone of Parks Reef at 253m indicating that the PGM mineralisation is open at depth. The Company plans to focus on areas with potential for near surface mineral resources of PGM-Au extending into the sulphide zone with targets for both high grade and bulk tonnage low grade PGE-Au. Snowden Mining Industry Consultants Pty Ltd (Snowden) has developed an exploration target of between 25 Mt and 55 Mt at 1.5 g/t to 2.0 g/t Pt+Pd+Au for the near-surface component of the Parks Reef (Exploration Target)."