The Wudinna Project

The Wudinna Project lies on the Eyre Peninsular of South Australia and comprises six tenements that total 1928km2 in the Central Gawler Craton Gold Province of South Australia

The project includes a cluster of deposits and earlier stage prospects including the Barns Deposit (“Barns”), the Baggy Green Deposit (“Baggy Green”) and the White Tank Deposit (“White Tank”). These deposits have Mineral Resources totalling 4.43 million tonnes at 1.5g/t gold for 211,000 ounces using a 0.5g/t gold cut-off grade, comprised of 0.41 million tonnes at 1.40g/t gold for 18,000 ounces of Indicated Resources and 4.02 million tonnes at 1.5g/t gold for 193,000 ounces of Inferred Resources.

Metallurgical testing has been conducted on composited samples representing both primary and oxide/supergene mineralised material from Barns and Baggy Green. At Barns, gravity and cyanide leaching of the gravity concentrate and tailings recovered 98.8% of the gold in a supergene sample, and an average of 97.5% of the gold in primary samples. At Baggy Green, recovery in a supergene sample was 94.3% while recoveries for primary samples averaged 98.7%.