The Broadwood Project is situated between the historical Binduli gold mining centre and the Golden Mile/Kalgoorlie Super Pit immediately alongside the township of Kalgoorlie.
Under the Broadwood Joint Venture Agreement, the Company has the right to earn a 75% interest in the Broadwood Project by funding exploration expenditure of $500,000 over a 5 year period.
The Company is targeting significant Archaean lode gold mineralisation in an area which has undergone minimal effective modern exploration.
The Broadwood Project has several major north-east trending fault sets cut across the project area and which are strike extensions to locally important ore controlling structures at both the Golden Mile and Binduli.
The Archaean bedrock sequences at the Broadwood Project are overlain by a variety of surficial regolith deposits, with this transported cover likely to have hindered historical exploration efforts.