Warriedar Gold Project
On 25 September 2020, the Company entered into an agreement with Bruce Robert Legendre to acquire 100% interest in the Warriedar Gold Project tenement for a cash consideration of $5,000.
The Project tenement covers 4 blocks and is located within the Yalgoo Mineral Field, approximately 60km west of Paynes Find. The Project covers a portion of a granite body close to the contact with mafic volcanic and sedimentary rocks of the Warriedar Greenstone Belt.
Pinyalling Gold Project
In October 2019, the Company announced that it had agreed terms with Bruce Robert Legendre to purchase a 100% interest in the Pinyalling Gold Project and had renegotiated the purchase fee to $5,000 cash to be paid for the purchase.
The Pinyalling Project consists of Exploration Licence 59/2112 covering 18 blocks (54km2) and is about 400km northeast of Perth. Access is via the Great Northern Highway from Perth to Paynes Find-Yalgoo Road. This road gives access to the Pinyalling Mining Centre, about 30km west of Paynes Find.
Cue Gold Project
The Cue Gold Project was relinquished in the September 2018 quarter.
The Company continues to work to identify and review other new projects or asset acquisition opportunities, to enhance its project portfolio with an aim to increase the overall value proposition of the Company and ensure it is best placed to deliver value and upside potential for all its shareholders.