Overview

The mineralisation style most prevalent across the Projects is heavy mineral sands containing valuable heavy mineral (VHM) concentrate of zircon, rutile, leucoxene, ilmenite, xenotime* and monazite* ( *contain Rare Earth Elements – REE).

The Projects are located in western and northern Victoria (Figure 1), which is favourable for access and infrastructure. The Tenements are mostly freehold title and not subject to Native Title, with access to road, rail and grid power are already well provided in the region. The area is almost totally cleared and used for dry land farming.

The Murray Basin of south-eastern Australia, is a low-lying, saucer-shaped intra-cratonic depression containing thin, flat-lying Cainozoic sediments. It extends approximately 850 km from east to west and 750 km from north to south, covering an area of 300,000 km² of south-western New South Wales, north-western Victoria and south-eastern South Australia.