The Company’s flagship asset, the Nullagine Gold Project, is located south east of Port Hedland in Western Australia’s richly mineralised East Pilbara region, approximately 10 kilometres from the town of Nullagine.
The Nullagine Gold Project has a Mineral Resource estimated at 1.1 million ounce of gold. A detailed feasibility study was completed in early 2006 and revised in early 2007. The Mineral Resource is contained within 7 deposits on granted mining leases.
The largest deposit is Golden Eagle located approximately 10 km south of the township of Nullagine and contains 69% of the total estimated Mineral Resource. Much of the permitting and design work for a 1 million tonne per annum Carbon-In-Leach (CIL) processing facility has been completed providing for an early start to development when a decision to mine is made.