The Burbanks Project is located 9 kilometres southeast of Coolgardie, Western Australia, and consists of granted tenements totalling 13 square kilometres and covering over 5 kilometres of strike extent of the Burbanks shear. The Burbanks Mining Centre has produced in excess of 400,000 ounces from predominantly above 150 metres vertical depth from both historical underground mine workings, modern open pits and recent Barra underground production.

Burbanks has a current Indicated Resource of 250,000 tonnes at 3.43 grams per tonne gold for 27,570 ounces and an Inferred Resource of 141,000 tonnes at 2.92 grams per tonne gold for 13,240 ounces at a 1.0 grams per tonne lower gold grade cut-off, compiled in accordance with the JORC guidelines.

The Company recommenced mining operations on 15 June 2009 at the 100% owned Burbanks Gold Mine under a new tribute mining and profit-sharing agreement with Kalgoorlie based Mulgabbie with the view of capitalising on the current strong gold price. The arrangement will see Mulgabbie bearing all development, stoping, transportation and milling costs while Barra shares 50/50 with Mulgabbie all profits from the operation. The Project has the potential to generate between A$1.0 million and A$2.5 million in revenue over the next 6-12 months by focussing on the high grade components of the major lodes utilising hand held and smaller mechanised mining methods to maximise grade and reduce costs.

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