Alluvial Project

The Company holds a significant portion of the historic alluvial tin field in the Mount Garnet area, where JORC Compliant Resources and other alluvial mineralisation still remain. A potential future alluvial mining operation would consist of an open cut mine that could potentially be brought into production with relatively minimal capital outlay within a short time frame. There has been interest displayed from potential joint venture parties but at this point no agreements have been reached.

The alluvial assets are viewed by the Company as a value-add to the main hard-rock Mount Garnet Tin Project, and further focus will be given to the alluvial projects once hard rock production has commenced.