Tier 1 resource potential based on elephant sized magnetic anomoly

Very large 700km2 tenement in the north of Western Australia on the Canning Stock Route

Exceptionally strong magnetic anomaly corresponding to moderate gravity signature

Moderate gravity implies basement is at moderate depth

Strong magnetics suggests target depth is not at basement

Known deposits in the greater Canning tend to have both strong magnetics and strong gravity (shallower basement)

Similar size to Telfer deposit (400 tonnes of gold and 0.5 million tonnes of copper)

Current imaging compared to properly imaged deposits (e.g., Telfer)

Magnetic anomaly could be locally stronger and with a shape that suggests shallower burial

Remote location → lack of image resolution = opportunity