Walhalla Project

The Walhalla tenement MIN5487 is located some 70 km southeast of the A1 Gold Mine, 150 kilometres east of Melbourne, and overlies the Eureka and Tubal Cain gold deposits.

The Tubal Cain and Eureka gold deposits are predominantly dyke-hosted, with visible and disseminated gold associated with parallel ladder veins, similar to the A1 Gold Mine. Eureka was mined from 1867 to 1915 to a depth of approximately 150 metres and produced 70 kilograms of gold, whereas Tubal Cain was worked from 1866 to 1911 to a depth of 100 metres and produced 120 kilograms of gold.

The acquisition of the MIN5487 Licence by the Company from Orion Gold NL is subject to the grant of consents required under the Mineral Resources (Sustainable Development) Act and the terms of the Agreement.

Investment Highlights

Advanced project on granted mining lease – fully operational mine site including underground development & infrastructure.

Mineral Resources in accordance with the JORC Code (2012) Indicated – 250,000 t @ 5.1 g/t for 41,200 oz Au Inferred – 1,170,000t @ 6.4 g/t for 240,000 oz Au.

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