Fraser Range ? Acquired in Q2 MRG is awaiting formal grant of the tenements before initiating any field activities. The prospective Gold tenements lie along the Tropicana geological feature extension, known as Fraser Range. Tropicana Gold has identified over 5 million ounces. ? The project is consistent with MRG’s strategy to develop world class Gold assets. ? The tenements sit within MRG’s WA tenement focus. ? The project is in an area currently being evaluated by Thor Mining Ltd, Ausquest Ltd and Anglogold Ashanti Ltd. ? The Company expects that these new tenements will be granted late in 2012. ? Recent Ni/Cu discovery by Sirius Resources Limited in their Fraser Range tenement to the North further enhances the potential of this relatively under explored region.
