Current Activities

Monday, 18 August 2008 18:58

The Company is pleased to provide an update on development progress at the Company’s 100% owned Indee Gold Mine situated in the West Pilbara, 80 kilometres south west of Port Hedland.

A program of grade control drilling was conducted during October and November 2005 on the first two pits at Withnell prepatory to mining.

Initial results from this 8,500 metre RC drill program confirmed the presence of a number of rich gold zones within and outside the current oxide pit designs.

The new drilling results demonstrate excellent continuity of high-grade structures identified within the oxide zone at Withnell South and Withnell East. These results also highlight the potential in the sulphide zone immediately below the oxide pits.

See Table of significant intersections for results.

Project Approvals

A Works Approval has now been granted by the Western Australian Department of Environment and Performance Bonds associated with the Notice of Intent (NOI) have been obtained and lodged with the Western Australian Department of Industry and Resources (DOIR). Other approval matters are currently being finalised.

Mining Contract

A mining contract was signed with Brierty Contractors Pty Ltd on 2 February 2006..

On Site Activities

The new accommodation village is built and in position and is now operational to enable onsite Earthworks and other Construction activities to commence. A range of refurbished heap leach plant (2 stage crushing, agglomerator, absorption columns, cement silo) will shortly be delivered to site for reassembly during February and March 2006.

Significant Intersections
Withnell South Pit Schematic Long Section

Construction Activities

A new elution plant and gold room is being fabricated in Perth and will be completed during February 2006.