The Company owns 100% of the Jundee South Project which was privately held for over 10 years and was acquired by the Company in May 2016. A previous holder of the Jundee South Tenement retains a 0.5% net smelter return royalty on any gold produced from the project.
The host stratigraphy of the Jundee gold deposits and its mineralising structures extend southwards through the area of the Company’s Jundee South Project.
The Jundee South Project has been subject to limited (and mostly ineffective) previous exploration. Recent studies, conducted by the Company’s key consultants, of the Jundee gold deposit area and its geological setting indicate a compelling target for the presence of a potential large-scale gold deposit setting.