Whilst the past twelve months have been challenging for the Company, highlights include:

• the realisation of the Mt Thirsty Cobalt-Nickel-Manganese Oxide Deposit as a potential world class cobalt producer;
• the identification of primary nickel sulphide mineralisation beneath Mt Thirsty which may lead to a significant nickel sulphide discovery and the potential source to the shallow Cobalt-Nickel-Manganese Oxide Deposit;
• at Burbanks, the recommencement of gold mining under a new tribute mining and profit share agreement with Mulgabbie Mining Pty Ltd (“Mulgabbie”); and
• at Phillips Find, development of the Newminster gold deposit as a shallow open pit to provide the Company with a second short to medium term cash flow opportunity.

Project Locations