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
For further information please download PDF attached:
