Exploration Potential

Plan View of Kobada Exploration Concession

Kobada Exploration

The Kobada Project represents a significant opportunity for resource growth, and the Company believes that the resource target may well be in excess of 5 Moz, although significant additional work, in the form of resource drilling, is required to achieve this.

The Company’s strategy is to establish an operating gold mine on the current resource, and grow the resource by funding drilling from operational cash flows.

The primary target is outcropping or shallow oxide ore types down to a maximum depth of 25m.

There is significant opportunity to establish these shallow resources along the main Kobada Shear Zone, bit there is also significant opportunity on the splays and parallel shear zones that occur elsewhere on the 215km2 lease holding.