The Marymia Project

The Marymia Project is considered to have the potential to host gold ore deposits. Additionally, some Tenements have the potential to host base metal, lithium or rare earth metal mineralisation. The Company proposes to undertake an exploration work program in order to define a mineral resource capable of sustaining an independent and viable mining operation.

The Company has commenced collating a full digital dataset of all work previously conducted on the Marymia Project area, concluded field verification and geochemical orientation studies, and recently completed an airborne geophysical survey.

Tenements

The Marymia Project:

(i) comprises of a portfolio of 20 contiguous mineral exploration licences and 1 mineral exploration licence application (together, the Tenements) which together cover an area of approximately 3,160km2, located in the eastern Gascoyne region of Western Australia; and
(ii) is located proximate to the Great Northern Highway via a graded main road.

Mining Act Tenure

Tenement Status Company’s Ownership Interest
E52/2943 Granted 100%
E52/2944 Granted 100%
E52/2945 Granted 100%
E52/2973 Granted 100%
E69/3247 Granted 100%
E52/3027 Granted 100%
E52/3028 Granted 100%
E52/3029 Granted 100%
E52/3044 Granted 100%
E52/3154 Granted 100%
E52/3171 Granted 100%
E52/3190 Granted 100%
E52/3265 Granted 100%
E52/3317 Granted 100%
E52/3318 Granted 100%
E52/3319 Granted 100%
E52/3346 Granted 100%
E52/3368 Granted 100%
E52/3397 Granted 100%
E52/3455 Granted 100%
ELA52/3087 Pending 0%

Location

The Marymia Project is located approximately 1,200 km north-east of Perth, and 180 km north-east of Meekathara. The Marymia Project is situated over the Marymia, Three Rivers and Kumarina pastoral leases and located on a plateau approximately 500 metres above mean sea level.

Climate

The Marymia Project is located in a semi-arid climate zone, characterised by moderate seasonality with higher average monthly rainfall total in the summer months, and early winter rainfall. The average maximum temperate for January is 40°C and for July is 25°C. The average minimum temperate for January is 25°C and for July is 5°C.

Geological Setting

The tenements of the Marymia Project cover part of the Marymia Inlier, a 200 x 50km Archaean Inlier that hosts the Plutonic Greenstone belt. The inlier is located within the south-eastern part of the Capricorn Orogen, a major Proterozoic tectonic zone formed by the collision and reworking of the Archaean-Paleoproterozoic Glenburgh Origin with the southern edge of the Pilbara Craton. A consequence is extensive Paleoproterozoic deformation and metamorphism of the Archean granites and greenstones.

The northern margin of the Archean Marymia Inlier is marked by the Copper Hills, a supracrustal schist belt of uncertain age that comprises a variety of metasedimentary rocks, mainly as BIF and phyllite, with minor metavolcanic rocks.

To the south, east and north of the Archaean Marymia Inlier, the Capricorn Orogen is marked by` a series of Paleoproterozoic sedimentary basins (Padbury, Bryah, Yerrida and Earaheedy Basins) which represent periods of basement rifting and sedimentation post collision.

Unconformably overlying Archaean basement, Copper Hills Schists, and the Paleoproterozoic sedimentary basins are siliclastic rocks of the Collier Group (Bangemall Basin).

Within the tenement project area, previous drilling within the areas mapped as Archean granite has intercepted gneisses and migmatites, which to the west and north of the Marymia Homestead contain fault-bounded remnants of greenstones that have been intruded by a range of plutonic igneous rocks including gabbro, granite and granodiorite.