Investment Highlights
- June IPO ($5M @ $0.20) closed early and oversubscribed
- Assembled 2,500+ ha tenement package for 1st time in the premier copper and gold Peak Hill – Horseshoe Lights – Fortnum area in WA
- Targeting near surface gold deposits and deeper VMS copper and gold deposits typical of the region – e.g. the nearby Horseshoe Lights and DeGrussa VMS discoveries
- Historic exploration (shallow drilling and geochem) indicates excellent prospectivity and walk up drill targets for gold and copper
- Deep drilling and land based geophysics never performed, historic drilling never assayed for copper
- Aggressive exploration program - IP survey commenced, drill program scheduled to start during Sept quarter
- Total current Enterprise Value $5.5M
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