Newman Gold Project
The Company holds a 100% interest in the Newman Gold Project consisting of eight granted exploration licences (and six applications) covering a total of 1,547km² located on the Sylvania Inlier in the south west of the prolific Pilbara region situated approximately 30km south of Newman and approximately 1,000km north-north east of Perth at the southern edge of the Hammersley area of Western Australia (Figure 1). The tenements are neighbouring Capricorn Metal Limited’s Karlawinda Gold Project (“Karlawinda”) and are along trend of gold bearing anomalies consistent with those at Karlawinda.
The tenement package comprises a number of early-stage tenements prospective for gold that historically have been underexplored and/or have had a focus on other metals such as iron ore. The Company considers that the tenements contain a number of anomalies that have been largely overlooked or unexplored and warrant further investigation.