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PROJECTS

Overview of the Company's Projects and previous exploration

The Company's projects are located throughout the Gawler Ranges region of South Australia and the Lake Barlee region of Western Australia. The following section provides a brief overview of the Company's projects and exploration history of each of the project areas.

Tenements

In respect of the Western Australian project, there are four (4) granted exploration

licences, which the Company's wholly owned subsidiary, Lake Barlee Gold, holds.

In respect of the South Australia projects, there are four (4) granted exploration

licences and one (1) pending exploration licence applications in South Australia (SA

Tenements).

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