Anglo Australian Resources – 100% interest

Anglo Australian holds a portfolio of tenements approximately 20km to the south west of Halls Creek in the Eastern Kimberley region of Western Australia.

Anglo Australian’s tenements at Koongie Park encompass more than 40kms of the Koongie Park Formation, which is prospective for VMS-style base metal deposits.

A map illustrating the company’s tenement position is set out below.

Some 245 RC and diamond drill holes encompassing 50,0417m have been drilled on the project by Anglo Australian. This effort focused on resource, metallurgical and geotech drilling at two of the prospects, Sandiego and Onedin, with mineralisation seeming to have accumulated in fold hinges.

At the Sandiego deposit, indicated mineral resources are as follows:

At the Onedin deposit, indicated mineral resources are as follows:

A scoping study undertaken in 2011 based on the Sandiego and Onedin deposits concluded that the project generated an operating surplus of approximately $60 million from net revenue of $413 million.

Along strike from Sandiego and Onedin, there remains a number of other hinge structures identified by airborne magnetics that are yet to be drill-tested.

The homogeneity of metal in rock at Sandiego and Onedin strongly suggests that the metal has been remobilized, rendering these other untested structures prospective for further discovery.

For the latest information on the Koongie Park Base Metals Project, refer to the Investors page on this website.