KEY PROJECT – ARTHURS SEAT
42 km2 — 7 Historical Mines & Prospects
This project has 2 high priority targets — the Murray & Co. Mine and McDonalds Prospects.
Highlights
- Located close to well-equipped regional farming and historical mining town.
- Rock chips at McDonalds returned up to 12.5% Sb.
- Land access already obtained over key prospects.
- Easy access by road, mostly undulating topography.
- No environmentally sensitive areas located on main prospects.
- Rock chip results at Murray & Co Mine returned up to 6.27 g/t Au and 1725 g/t Ag and 1.1% Cu.
- Results from Metalite Resources’ prospect sampling has demonstrated potential for high grade gold and silver mineralization within broad low grade silver geochemical halo.
- Mapping by Metalite Resources has revealed new E-W faults and E-W quartz veins that show high grade stibnite mineralization.
KEY PROJECT – ARTHURS SEAT
42 km2 — 7 Historical Mines & Prospects
This project has 2 high priority targets — the Murray & Co. Mine and McDonalds Prospects.
Highlights
- Located close to well-equipped regional farming and historical mining town.
- Land access already obtained over key prospects.
- Easy access by road, mostly undulating topography.
- No environmentally sensitive areas located on main prospects.
- Rock chip results at Murray & Co Mine returned up to 6.27 g/t Au and 1725 g/t Ag and 1.1% Cu.
- Rock chips at McDonalds returned up to 12.5% Sb.
- Results from Metalite Resources’ prospect sampling has demonstrated potential for high grade gold and silver mineralization within broad low grade silver geochemical halo.
- Mapping by Metalite Resources has revealed new E-W faults and E-W quartz veins that show high grade stibnite mineralization.
EXPLORATION PROGRAM 2026
The Company plans to focus initial exploration activities on the Arthurs Seat and Castle Rag projects according to the following exploration plan:
Historic data compilation and modernization
Compile and digitize historic datasets and mine records into a comprehensive GIS database, translating and modelling historic deposits and mines into 3D where appropriate.
Remote data acquisition and target generation
Acquisition of high resolution satellite, DTM and geophysical datasets to better define historic prospects, assist geological and structural mapping, extend potential deposit footprints and identify new prospective anomalies.
Field based target delineation and development
Extensive geological mapping focused on delineating and developing historical mines, prospects and areas of interest outlined from desk-based work. Surface and UG rock chip sampling will be used to confirm historic assay results and test mineralized exposure, deposit extensions and new targets identified by stages one and two.
Drill planning
Targets will be assessed and ranked for drilling suitability based on risk-reward scale. Targets will be modelled in 3D to optimize drill targeting beneath high grade ore zones identified from UG and surface sampling.
EXPLORATION PROGRAM 2026
The Company plans to focus initial exploration activities on the Arthurs Seat and Castle Rag projects according to the following exploration plan:
Historic data compilation and modernization
Compile and digitize historic datasets and mine records into a comprehensive GIS database, translating and modelling historic deposits and mines into 3D where appropriate.
Remote data acquisition and target generation
Acquisition of high resolution satellite, DTM and geophysical datasets to better define historic prospects, assist geological and structural mapping, extend potential deposit footprints and identify new prospective anomalies.
Field based target delineation and development
Extensive geological mapping focused on delineating and developing historical mines, prospects and areas of interest outlined from desk-based work. Surface and UG rock chip sampling will be used to confirm historic assay results and test mineralized exposure, deposit extensions and new targets identified by stages one and two.
Drill planning
Targets will be assessed and ranked for drilling suitability based on risk-reward scale. Targets will be modelled in 3D to optimize drill targeting beneath high grade ore zones identified from UG and surface sampling.
Sampling Results From Past Explorations
Mary Mine Prospect
Significant assay results from rock chip sampling program at the Murray and Co Mine (>100 g/t Ag, > 0.09g/t Au) from Arthurs Seat Project, EL 9144. Listed in order of sample number.
| Sample ID | Easting | Northing | RL | Lithology | Au g/t | Ag g/t |
|---|---|---|---|---|---|---|
| R00244 | 311642 | 6750598 | 524 | Brecciated metasediment | 0.17 | 517 |
| R00245 | 311670 | 6750530 | 533 | Brecciated metasediment | 0.09 | 1125 |
| R00246 | 311666 | 6750526 | 532 | Brecciated metasediment | 1.23 | 141 |
| R00248 | 311667 | 6750532 | 534 | Brecciated metasediment | 0.76 | 677 |
| R00249 | 311644 | 6750532 | 537 | Brecciated metasediment | 6.27 | 1385 |
| R00252 | 311660 | 6750523 | 532 | Brecciated metasediment | 2.11 | 445 |
| R00258 | 311644 | 6750540 | 529 | Brecciated metasediment | 0.55 | 1725 |
| R00259 | 311641 | 6750534 | 529 | Brecciated metasediment | 1.77 | 1585 |
| R00261 | 311643 | 6750534 | 530 | Brecciated metasediment | 0.67 | 236 |
| R00262 | 311671 | 6750525 | 526 | Brecciated metasediment | 0.34 | 411 |
| R00263 | 311658 | 6750524 | 529 | Brecciated metasediment | 1.23 | 463 |
| R00264 | 311671 | 6750530 | 529 | Brecciated metasediment | 0.26 | 313 |
| R00329 | 314608 | 6749317 | 456 | Brecciated siltstone | 0.09 | 130 |
McDonalds Mine Prospects
Forty seven (47) rock samples were collected at the McDonalds prospect and returned anomalous gold and silver assays over an area 600 m x 350 m. Visual observations of some samples included massive stibnite and returned antimony (Sb) values up to 12.75% Sb. These results are encouraging and show the potential for a polymetallic precious and base metal deposit along strike from the high-grade silver values at the Murray and Co Mine located 2.75 km to its west. Significant assay results from rock sampling program at the McDonalds prospect (>0.1g/t Au and >20g/t Ag) from Arthurs Seat Project, EL 9144. Listed in order of sample number, rounded to 2 decimal places.
Significant assay results from rock sampling program at the McDonalds prospect (>0.1g/t Au and >20g/t Ag) from Arthurs Seat Project, EL 9144. Listed in order of sample number, rounded to 2 decimal places.
| Sample ID | Easting | Northing | RL | Lithology | Au g/t | Ag g/t | Sb % |
|---|---|---|---|---|---|---|---|
| R00298 | 314205 | 6749347 | 468 | Metasediment | 0.11 | 7.14 | 0.54 |
| R00299 | 314200 | 6749351 | 465 | Metasediment | 0.20 | 13.4 | 8.85 |
| R00300 | 314203 | 6749352 | 465 | Metasediment | 0.25 | 6.2 | 1.85 |
| R00301 | 314208 | 6749352 | 466 | Metasediment | 0.12 | 15.15 | 2.87 |
| R00302 | 314205 | 6749350 | 466 | Metasediment | 0.13 | 3.98 | 0.42 |
| R00303 | 314207 | 6749347 | 466 | Metasediment | 0.15 | 7.3 | 0.98 |
| R00304 | 314125 | 6749348 | 468 | Metasediment | 0.13 | 13.38 | 2.46 |
| R00306 | 314212 | 6749349 | 469 | Metasediment | 0.15 | 9.82 | 2.52 |
| R00313 | 314125 | 6749349 | 468 | Metasediment | 0.05 | 47.6 | 0.43 |
| R00314 | 314302 | 6749465 | 460 | Fine quartz vein in metasediment | 0.02 | 57.2 | 0.91 |
| R00326 | 314302 | 6749456 | 460 | Fine quartz vein in metasediment | 0.06 | 42.1 | 2.86 |
| R00327 | 314375 | 6749533 | 469 | Fine quartz vein in metasediment | 0.02 | 71.1 | 12.75 |
| R00328 | 314597 | 6749533 | 469 | Fine quartz vein in metasediment | 0.23 | 49.4 | 0.52 |
| R00329 | 314608 | 6749317 | 456 | Fine quartz vein in metasediment | 0.09 | 130 | 0.11 |
| R00330 | 314637 | 6749298 | 455 | Fine quartz vein in metasediment | 0.24 | 59.5 | 0.13 |
| R00331 | 314101 | 6749399 | 460 | Fine quartz vein in metasediment | 0.03 | 83.3 | 0.50 |
| R00337 | 314575 | 6749395 | 451 | Fine quartz vein in metasediment | 0.05 | 51.2 | 0.02 |
| R00346 | 314074 | 6749619 | 474 | Fine quartz vein in metasediment | 0.07 | 57.7 | 5.40 |
| R00347 | 314067 | 6749615 | 473 | Fine quartz vein in metasediment | 0.02 | 44.3 | 0.02 |
| R00349 | 314127 | 6749597 | 468 | Fine quartz vein in metasediment | 0.06 | 41.8 | 3.21 |
WHY NEW SOUTH WALES?
Multiple Metallogenic Belts, Prolifically Mineralized and Diversity of Deposit Type — Yet Relatively Under-explored
Prolifically Mineralized
Second largest gold producing state in Australia. Prolifically Mineralized — with current gold endowment exceeding 100 Moz and silver endowment exceeding 1 Boz.
Relatively Unexplored
Previous exploration has focused on the Cadia Camp, North Parkes trend, the Cowal- Gidginbung trend, and Broken Hill. Large parts of NSW remain relatively unexplored.
Multiple Metallogenic Belts
The Lachlan Orogen and New England Orogen terranes cover approximately 50% of NSW. They encompass multiple metallogenic belts and deposit types — including high value orogenic, intrusion-related, low sulphidation epithermal and VMS deposit types.
Expansion Potential
There are a significant number of high-value, strategically located licences, held by Australian Private Companies — many attracted to joint ventures with listed companies.
WHY NEW SOUTH WALES?
Multiple Metallogenic Belts, Prolifically Mineralized and Diversity of Deposit Type — Yet Relatively Under-explored
Prolifically Mineralized
Second largest gold producing state in Australia. Prolifically Mineralized — with current gold endowment exceeding 100 Moz and silver endowment exceeding 1 Boz.
Relatively Unexplored
Previous exploration has focused on the Cadia Camp, North Parkes trend, the Cowal- Gidginbung trend, and Broken Hill. Large parts of NSW remain relatively unexplored.
Multiple Metallogenic Belts
The Lachlan Orogen and New England Orogen terranes cover approximately 50% of NSW. They encompass multiple metallogenic belts and deposit types — including high value orogenic, intrusion-related, low sulphidation epithermal and VMS deposit types.
Expansion Potential
There are a significant number of high-value, strategically located licences, held by Australian Private Companies — many attracted to joint ventures with listed companies.
AUSTRALIAN OPPORTUNITY
Spotlight on New South Wales
The Pilbara
Shield area with different geochemical signature to the Yilgarn. Relatively under-explored. Recent discovery of DeGrey Deposit (1.7 Moz Au), Beatons Creek (1 Moz Au) and Nullagine (1.2 Moz Au) has resulted in 100% staked coverage.
Yilgarn Craton
Produced 7.5 Moz Au in 2018-2019. Giant to World- Class Deposits such as Boddington, Super- pit, Gwalia and Granny Smith. Almost completely staked and mature exploration (depletion of search space).
Victoria
Victoria experienced it’s first gold rush between 1851 and late 1860’s. Kirkland Lake’s high-grade Fosterville discovery heralded the second rush. Almost all prospective ground staked.
New South Wales
Prolifically mineralized with multiple metallogenic belts as compared to other states. Largely unexplored outside of main camps. Until recently highly prospective ground available, most with very high-grade historic showings.