Octanex Limited announced that two new exploration licences, E38/3417 and E38/3418, have been granted at the Company's Sefton Project. The Sefton Project is located in the Great Victoria Desert between the Laverton and Yamarna Greenstone Belts, in the Eastern Goldfields province of Western Australia. It is now made up of five granted tenements covering approximately 2,105 km2. An additional 480km2 is still under application with respect to the Sefton Project. This prospective package of ground has had very little modern exploration. In addition, three new exploration licences have been applied for, covering an area of 1,357km 2. This area, named the Hope Campbell Project, is located to the southeast (and is continuous to) the Sefton Project. Many of the structures, interpreted from the regional magnetics, that run through the Sefton Project area appear to continue into this new area. A regional lag sampling program is currently underway across the Sefton Project. This sampling is expanding on previous reconnaissance sampling into untested areas and infill sampling around the known areas of anomalism. Previous lag sampling in the area returned anomalous gold results and identified 6 anomalous areas with greater than 1.5ppb gold. The field crew have reported that the Lag sampling is progressing well. The modified "postie-bikes" allow the samplers to access remote sample sites through difficult terrain. Octanex's near-term objective is to identify areas of anomalous geochemistry along structural trends, that will be targets for follow up geochemical evaluation, and potential drill testing in the longer-term.