Narembeen 100%

Strategic Location

Gault deposit (Tampia Mine, Ramelius, ASX: RMS) first explored by BHP, 1988

Explaurum proved up 8.2Mt @ 1.7g/t (460koz Au) in 2017, later taken over by RMS for A$60M in 2018

Deposit developed in 2021, trucked to Edna May for toll treatment

Magnetic Resources (ASX: MAU) held the ground and did a lot of geophysics

Numerous gold anomalies (such as supergene zone, shown right, trending into LGM tenement) and Rare Earths, platinum and nickel

A number of gold anomalies found through geochemistry to be focus of early exploration

Large portion of the tenement covered by colluvium/transported cover (10-30m) which has inhibited exploration

Requires a combination of geophysics, advanced geochemistry and mapping, and exploratory drilling (>50m)

Located in wheatbelt, exploration to be timed with cropping and farm activities (MAU put a lot of effort into landholder relationships)

Old greenstone remnants with Banded Iron Formation (gold) targets up to 3Ga and younger (2.5Ga) granites (billion years)

32km shear zone outlined by MAU (1000m of shallow RAB holes) with gold anomalism (Map, RHS)

Narembeen Project showing basic geology and greenstones, with MAU’s magnetice map showing major 32km shearzone with BIF target