Australia Overview

The Company has a historic interest in a licence in the Northern Territory of Australia, through a farm-in agreement with Segue Resources, the holder of the Coronet Hill licence and an exploration licence application (ELA 27332).

Following drilling programmes conducted by North River and the acquisition of assets in sub-Saharan Africa, which the Board consider to have greater potential to create value for shareholders, the Coronet Hill Project has been deemed of low importance in the near term.