Gabanintha Project

The Gabanintha Project is located approximately 40km south of the town of Meekatharra in Western Australia. The Company has acquired a suite of mineral rights to tenements covering 202.3km² held by Australian Vanadium Limited.

The mineral rights acquired by the Company are for all minerals, excluding vanadium, titanium, cobalt, chromium, uranium, lithium, tantalum, iron ore and manganese. Active and historical mines located close to the Gabanintha tenements include the Gabanintha, Burnakura and Bluebird gold mines.

Open pit mining by Dominion Mining Limited at Gabanintha between 1987 and 1991 is reported to have produced approximately 150,000oz of gold from six pits mined to a maximum depth of approximately 65 metres.

Monument Mining Limited currently owns the Burnakura gold mine, the Gabanintha gold mine and surrounding tenements which hold JORC compliant resources within a number of previously operated open pits and an underground mines.