Formed 1994, as an unlisted public company. Seed capital of $2M raised.
Listed on ASX on 17 June 2002, raising $6M capital.
Acquired Opus Exploration Pty Ltd, a wholly owned subsidiary with interests in the Indee Gold Project near Port Hedland and at Telfer in September 2003.
Earned 70% interest in the Indee Gold Project on February 2004 and signed an Exploration Joint Venture Agreement with Bullion Minerals Limited.
Commenced mining at Indee in April 2006.
Announced in September 2007 that operations at the Indee Gold Mine will wind down and the mine will move ultimately to care and maintenance.
The “New Beginnings Strategy” adopted November 2007 to acquire mature mineral properties and quickly bring them into production.
Mining ceased at Indee in December 2007.
In June 2008 a Letter of Agreement was signed with Northwest Mining and Geological Exploration Bureau for Nonferrous Metals (NWME) in relation to an exploration farm-in agreement on the Indee tenements.
The Indee Gold Mine was placed in Care and Maintenance in October 2008 with 30,000 ounces of gold being recovered and sold at Indee.
