2016 Annual General Meeting of Shareholders
2016 HIGHLIGHTS
CASHED UP FOR DRILLING
$1.75 million from heavily oversubscribed capital raising1
$1.4 million cash as at 30 September 2016
$200,000 funding award from NSW Government
KEMPFIELD DRILLING - MAJOR BREAKTHROUGHS
PINE RIDGE GOLD MINE ACQUISITION AND RESULTS
WEST WYALONG DRILL TARGETS ESTABLISHED
FY2016/17 DRILL PROGRAM SCHEDULE ANNOUNCED2
1. Before costs 2. 26 October 2016 2
KEMPFIELD POLYMETALLIC PROJECT
LACHLAN OROGEN
CADIA KEMPFIELD
SYDNEY
KEMPFIELD CONCEPTUAL DEPOSIT MODEL BEING TESTED BY DIAMOND DRILLING
Original volcanic hosted massive sulphide (VHMS) deposit formation
Basin
margin
✔
volcanoclastics
1
2
sediments
DEPOSIT METAL ZONATION
Silver/barite
Increasing lead/zinc grades
Upper Kempfield 3
Lower Kempfield 4
✔
Hydrothermal fluid convection
High grade lead/zinc
+/- copper/gold
Deposition
'Black smoker' sulphide vent on ocean floor1
Ordovician basement
VMS
feeder
zone
rhyolite
Temperature
'SIZE OF THE PRIZE' EXPLORATION POTENTIAL
including high grade lead/zinc +/- copper/gold
Increasing lead/zinc grades 21
120
4 3 metres
KNOWN KEMPFIELD MINERALISATION
JORC 2012 Resource2
SHALLOW DRILLING HISTORY
1 Silver/barite
Current day VHMS analogue. Photo reproduced with permission from Science
Ordovician basement
✔
Significant lens extension potential
2 3 Increasing lead/zinc grades
Photo Library Ltd. London, UK.
See Mineral Resources and Ore Reserves
Tilted and overturned
Statement in 30 June 2016 Annual Report.
WEST EAST
structure ✔
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