Mining.com.au’s Post

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Our new seismic survey shows us the subsurface architecture of the Tarcoola Goldfield in detail for the first time since discovery 130 years ago. This area produced over 77, 000 ounces of gold and an average grade of 37.5g per ton from shallow artisanal workings during the early 1900s. During 2017 and 2018, it produced hundreds of thousands of tons of org rating 3 to 4G per ton to our central guller mill. Despite this history, there has been little modern work to unlock what is clearly high value geology. Since 2020, we have been systematically deploying new geophysical tools to do just that. This survey is now successfully placed historical gold occurrences within a structural framework for the first time in history. It is also revealed several new structures that appear to be closely associated with larger scale gold mineralization. The potential for exciting new discoveries here are significant. We are planning to drill our highest priority targets during early 2024 and look forward to sharing more news in the months ahead.