Laverton Gold Project (Red Flag) (100%)

Highlights

Exceptionally well endowed mineralised region containing world class gold deposits including Wallaby (8 million ounces), Sunrise Dam (8 million ounces) and Granny Smith (3 million ounces)

Summary

The project consists of one granted tenement (12 km2) in the Laverton Greenstone belt.

The Red Flag prospect is located 24km west of Laverton in the core of the structurally complex Laverton Tectonic zone immediately north of the Mt Morgan’s Gold Mine (3.5 Moz) and 7 km northwest of the Wallaby Gold Mine (7 Moz).

Regional exploration drilling by Dacian Gold identified significant anomalism interpreted as the continuation of the Cornwall Shear Zone (CSZ) which is the dominant gold‐hosting structure responsible for the 1.4Moz Jupiter Deposit, 17km to the south of the Red Flag Prospect.

The Red Flag Prospect hosts both syenite and greenstone lithologies with significant anomalism already indentified by WCN and Homestake Gold Of Australia (HGAL) shown below. Associated with the greenstone contact.

The syenite hosted gold potential of the tenement has not been tested with drilling.

Regional proximity to recently discovered gold deposits at Jupiter and Cameron Well

Next Steps

Stage 1 – Completion of the original drilling to adequately test the alternative orientation and tenure of the mineralisation already identified by the HGAL and WCN drilling.

Stage 2 – Drill testing potential syenite intrusions which are masked by Aeolian sand cover

HGAL drilling as yellow diamonds with intersections and WCN drilling as blue diamonds with a drill trace indicating drill direction.

Regional Magnetic target generation with interpreted syenite intrusions circled in yellow