The company has moved to 100% ownership of all of its tenements including MIN 5412, obtained 187 hectares of freehold land and other assets at Nagambie and as its development strategy is looking to:

• Position Nagambie MIN 5412 as the lowest cost and lowest impact (in terms of required energy inputs) provider of rock and water for the Nagambie Bypass and other construction projects that can be provided competitively by material sourced from MIN 5412; and
  
  
• Commence resource drilling of its heap-leachable oxide gold prospects on and within economic trucking distance of MIN 5412, targeting a minimum of 100,000 to 200,000 ounces of gold at grades of between 1 and 2 g/t gold; and
  
  
• Look for other suitable oxide gold targets that can be evaluated and developed through MIN 5412.