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Pinevale Copper-Silver Project

The Company is the holder of a 12.5 ha Pinevale copper-silver ML in the Uranna Intrusive Complex of Central Queensland. No field work has commenced on this project pending acquisition of the surrounding 237 sq km EPM.

Historical reports were located of an early (1950's) ore reserve estimate for the Pinevale Mine, which at the time consisted of an adit and three levels of underground workings. Reports estimated resources of 26,695t of 6.8% Cu, 117g/t Ag, and 0.6g/t Au. The validity of these resources have not been confirmed by the Company and they do not comply with JORC reporting requirements.