Intermediate Stage: Alexandria, Alroy and Buchanan Dam Phosphate Prospects

Further areas of known historical phosphate mineralisation in drill holes also occur on the Company's tenements at Alexandria, Alroy and Buchanan Dam. Previous drill intersections include 6.1m @ 25.0% P2O5 from 12.2m (Buchanan Dam), 6.1m @ 15.6% P2O5 from 48.8m (Alexandria) and 4.6m @ 15.5% P2O5 from 17.4m (Alroy).

These documented historical occurrences were reported with substantial bulk mineralisation estimates which would require far more drilling to meet today's reporting standards.

The Company intends to conduct follow up drilling to define the known phosphate mineralisation described above and explore for extensions to that mineralisation.

Projects Geology and Targets

Figure 1: Intermediate Phosphate Radiometric Targets