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WPG Resources Limited Quarterly Activities Report, March Quarter 2015

HIGHLIGHTS
 
Tarcoola gold project (WPG 100%)
 
-  Mineral Claim granted for the Tarcoola gold project
-  Preparation of a Mineral Lease Proposal is well advanced
-  DFS for the Tarcoola gold project is underway and anticipated to be completed during Q2 2015
-  Como Engineers have been commissioned to complete CAPEX and OPEX studies on the infrastructure components of the project
-  Encouraging preliminary results on heap leach testing for Tarcoola support those from previous owners
 
Tunkillia gold project (WPG 100%)
 
-  100% of ELs 4812 and 4495 now held after completion of transaction with Helix and regulatory approvals process in March 2015
-  DSD has approved the Company’s application to peg a mineral claim over 2,250 hectares for the Tunkillia gold project
-  14 prospects identified for priority exploration follow-up from a total of 33 targets generated from a major review of historical data
-  Two of these prospects have been scheduled for imminent drilling
-  A detailed review of the Tunkillia gold project data has confirmed that the resource estimate for the main 223 deposit can be enhanced at higher cut-off grades allowing a wide degree of flexibility for strategic development options
 
Corporate
 
-  Continuing interest from potential project financiers 
-  Process of Port Pirie land asset sale continues
 
 
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