GOLD PROJECTS:

1. Mt Pleasant - click here for more information

The Mt Pleasant Project is located approximately 35km north-northwest of Kalgoorlie in the Broad Arrow Mineral Field and some 555km east-northeast of Perth. The southern portion of the project can be accessed via the sealed Kalgoorlie-Meekatharra Highway and then west along the unsealed Black Flag-Ora Banda Road. The Mt Pleasant Project comprises 13 granted exploration licence and 2 prospecting licence applications comprising an aggregate area of some 16.19km².

2. Bonnievale - click here for more information

The Bonnievale Project comprises one granted prospecting licence with an area of some 0.53km².

The Bonnievale Project lies within the Coolgardie Domain, a mafic and ultramafic volcanic sequence, with minor black shale and volcanoclastic interbeds, overlain by felsic volcanoclastics and metasediments. Felsic to mafic sills and dykes intrude the sequence. A mafic to ultramafic sill has intruded the contact between the basalt and felsic units. Historic workings appear to have targeted this contact. The project is covered with laterite.

The Bonnievale Project area covers a former mining centre with old workings and a battery from the early 1900s within the current project area.  Some 25,000t of tailings sand was produced in the 1930s from gold ore processing. In 1988, Main Reef Gold Ltd and Kalgoorlie Resources undertook a small scale underground and open pit operation. The underground operation reportedly produced 147oz of gold from 350t grading 13g/t Au. The production figures for the open pit operation are not known.

3. Kalgoorlie East - click here for more information

The Kalgoorlie East Project covers two separate areas which are located 10km and 15km northeast of Kalgoorlie.

The tenement is underlain by a sequence of felsic volcanics, clastic and volcanoclastic sediments, with felsic intrusions forming part of the Boorara Domain. The Kanowna Shear lies immediately to the east of the western tenement. At least one structure is interpreted to underlie the tenement area from the aeromagnetic dataset.

The eastern tenements are located mostly within the Kalgoorlie Terrane with a small eastern portion within the Gindalbie Terrane both of the Archaean Norseman-Wiluna Greenstone Belt. Western Resources also explored the current eastern tenement area. Western Resources concluded that the past exploration had only consisted of surface auger geochemistry and wide spaced reconnaissance vertical RAB drilling.

4. Windanya - click here for more information

The Windanya Project is located approximately 45km to 60km north-northwest of Kalgoorlie-Boulder which is approximately 600km north east of Perth.

The Windanya Project comprises one granted prospecting licence and four prospecting licence applications with an aggregate area of some 6.65km2

5. Balgarrie - click here for more information

The Balgarri Project is located between 35km and 55km north of Coolgardie. Coolgardie is 570km east of Perth. The Balgarri Project comprises three prospecting licence applications with an aggregate area of some 4.88km2. The Tenements P16/2622 and P16/2623 are contiguous with the third tenement P16/2621 being located to the west of the other two.

The Balgarri Project is situated within a northwest-southeast trending Archaean greenstone sequence. The basement geology is overlain and obscured by transported material and residual clay and sands. The greenstone sequence is comprised of ultrabasic, basaltic, gabbroic rocks, felsic and intermediate volcanics and minor black shales. The Zuleika shear zone is approximately 1km northeast of the project.

6. Smithfield - click here for more information

The Smithfield Project is located 30km north of Kalgoorlie and 8km east of Broad Arrow Township. The project can be accessed via the Kalgoorlie – Leonora Highway and the unsealed Broad Arrow to Mulgarrie road and from there by station tracks.

The Smithfield Project comprises one granted prospecting licence with an area of some 1.96km2.

The Smithfield Project is located in a greenstone sequence east of the granite contact forming the eastern margin of the Goongarie-Mt Pleasant Anticline. The project is dominated by komatiites, minor gabbro, dolerite and basalt. The area is covered by a veneer of aeolian sands and residual soil hence there is limited outcrop in the project area.

The project is along strike to the northwest from the King of Kings gold mining centre. Mineralisation is hosted by altered granite and consists of a steeply-dipping sheeted quartz vein system.

URANIUM

1. Lake Marmion - click here for more information

The Lake Marmion Uranium Project is located approximately 125km north of Kalgoorlie and 50 kilometres east of the township of Menzies. Menzies is 726km north east of Perth, Western Australia.

The Lake Marmion Project comprises of exploration licence application with an area of some 1300km2.

The Lake Marmion East Uranium Project is located within the Archaean Yilgarn Craton of Western Australia. The geology and exploration potential is identical to that of the Goongarie Uranium Project.

2. Lake Ballard - click here for more information

Mr Kenneth Meng Kang Lim - Non-Executive Chairman

Mr Lim graduated from the University of Melbourne with a Bachelor of Commerce degree and is a member of The Institute of Chartered Accountants in Australia and a fellow of the Taxation Institute of Australia.

Mr Lim has more than 20 years experience in the mining and exploration industry in Australia at senior management level with companies including Resolute Mining Limited, Geographe Resources Limited, Samson Exploration Limited and Growth Resources Limited. He is currently the executive chairman of ASX-listed Oroya Mining Limited. He was previously a senior manager with Ernst & Young in Australia and Singapore and had a senior management role with a European multinational corporation trading commodities in China.

Mr Noel Ong - Managing Director

Mr Ong is a geologist with over 18 years experience in the resource industry with the last 12 years in his own geological consultancy. He has extensive mineral exploration and project management experience in the gold, lithium, iron ore (hematite and magnetite), tantalum and the diamond industry. Since 1992, he has worked predominantly in the goldfields of Western Australia, Pilbara iron ore fields and the Northern Territory. Mr Ong is a graduate of the University of Western Australia with a degree in geology and is a member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. He has worked with with Ashton Mining, Great Central Mines, and held management roles with API Management, Galaxy Resources, Citic Pacific Mining and Silver Lake Resources.

Mr Kah Hui Tan - Executive Director/Joint Company Secretary/Chief Financial Officer

Mr Tan is a Chartered Accountant with over 25 years experience including managing his own chartered accounting practice providing management, accounting and taxation advice to a wide range of clients including clients in the mining industry. He has served as a company director and company secretary on several listed companies engaged in the mining and resources sector in Australia. Mr Tan has a strong knowledge of the resources industry in Indonesia and overseas, having been involved in mining transactions including joint ventures, acquisitions and strategic planning.

Mr Brent Butler - Non-Executive Director

Mr Butler is a geologist with over 25 years experience in the resource industry. He has a geology degree from Otago University and is a member of the Australasian Institute of Mining and Metallurgy. Mr Butler is also a Fellow of the Society of Geology (USA) and a member of Prospectors Development of Canada. He is currently the President of ATW Gold Corp (Canada) and Managing Director of its Australian subsidiary. He has significant international exploration and mining experience in the gold industry, having worked in the United States, Brazil, Chile, Argentina, Africa and Australia.

Mr Anthony Ho - Non-Executive Director

Mr Ho is a commerce graduate of the University of Western Australia. He qualified as a Chartered Accountant in 1983 with Deloittes and is presently the principal of a public practice, Anthony Ho and Associates, specialising in providing corporate and financial services to ASX-listed companies.

Prior to establishing his practice in 1991, he spent 7 years in a senior corporate role with a major investment and resource group in Western Australia. He is currently a non executive director of Brumby Resources Limited and Redisland Australia Limited and an executive director of Dragon Energy Ltd, which are companies listed on ASX.

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