East Kalgoorlie Project, Western Australia
East Kalgoorlie Project = 35 licences and 1 licence application comprising 21 licences (JV NMI 76%, Balagundi Gold 24%), 14 licences and 1 licence application (NMI 100%)
Kanowna Lights Prospect (76%)
- Historic intersections of potential economic, deep lead gold mineralisation
- NMI identifies oxide mineralisation potential
- Drilling programmes to continue
Blair North Prospect (76%)
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Two zones of gold mineralisation - Northern Zone and Southern Zone
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Northern Zone – four distinct zones of bedrock gold anomalism
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Including 700m NE trend of high grade mineralisation defined by RC and diamond drilling
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Open to northeast and unconstrained in other directions
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Diamond drilling in January 2011 on 3 holes in Zone 1 reveals considerable potential for a large mineralised body with high grade gold shoots, enveloped by a low grade gold halo
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Wide, lower grade halo extends south to within ~900m George's Reward
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Southern Zone - George's Reward: Initial Inferred Resource Estimate 375,000 tonnes @ 1.89g/t au for 22,850 oz gold
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Mineralisation close to surface, open at depth and along strike
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Nickel sulphide occurrence
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4.4% Ni intercept
Snake Hill Prospect (76%)
- Extensive gold anomaly confirmed over regional structure (Mt Monger Fault)
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Auger geochemical sampling confirms and extends an historic surface sampling gold anomaly
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Broad, 3 kms long by 1.5 kms wide, +20 ppb Au anomaly with peak value of 491ppb Au identified
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Limited RC drilling returns 2m @ 11.78g/t Au from 129m, 4m @ 1.73g/t Au from 4m (RAB), 2m @ 1.82g/t Au from 38b BOH (RAB) and 2m @ 3.76g/t Au from 44m (RAB)
Radzimowice Gold, Copper, Silver Project & Szklary Nickel Project, Poland (90%)
Radzimowice Gold, Copper, Nickel Project
- Diamond drilling March 2011 - high grade gold, silver, copper confirmed plus new discoveries identified
- Historic gold mine produced high grade gold 10 - 44g/t Au, average copper 0.8 to 8%, average silver 40 to 420g/t
- Six major ore veins
- Total concession area 10.86 square kilometres
Szklary Nickel Project
- Inferred Mineral Resource to JORC guidelines 16.8Mt @ 0.6% Ni for 94,000t contained metal
- Historic open pit mining produced c.20,000t @ 0.68% Ni
- Located in south west Poland (part of European Union)
- Close to existing infrastructure
Northern Territory Project, Australia (100%)
- Five prospects - greenfields exploration
- Prospective for manganese, gold, REE, basemetals + uranium
- Extensive manganese outcrops indicated
- Stokes Yard rock chip sampling - 27.5% zinc, 75g/t silver, 3.03% leasd and 0.65% copper
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