The Company holds an 8 ha mining lease and surrounding 62 sq km EPM at Mt Molloy where little exploration has been carried out at this mining camp since the 1980's. Mt Molloy has previously been classified as a modest high grade CU-Zn VMS deposit.
Comprehensive re-examination of past data (from a study of the database including reconnaissance samples collected by Ozmin geologists) shows a geochemical signature for the mineralisation typical of an intrusive source. The fact that mineralisation is spatially related to an aeromagnetic low and several quartz-feldspar porphyry dykes have been located also supports the
possibility of a deep seated mineralised porphyry source.