Isa North Project

Location:	110 - 200km NNW of Mt Isa
Tenement Area:	1,440km²
Primary Target:	Copper, Zinc & Uranium

Highlights:	Multiple geophysical and geochemical targets
	High order uranium-channel radiometric targets
	High order Cu and Zn geochemistry in streams, soils and rock chips
	Close proximity to mineralised Mt Isa - Gunpowder Fault system
	Limited drill testing

The Isa North Project tenements overlie the projected northern extension of the Mt Isa - Gunpowder Fault Zone, and rocks of the Mt Isa Western Fold Belt succession.

The Isa North Project tenements are considered prospective for Mt Isa-style copper deposits, sediment-hosted zinc deposits, and uranium deposits (granite hosted and vein breccias style). Numerous significant deposits (owned by third parties) of the target types are located to the south and west of the Company's main tenement area.

Within the project area Proterozoic aged target rocks generally outcrop or are covered by only a thin layer of younger sedimentary cover. For this reason historical exploration has been more intense than in covered areas to the north. Exploration targets have been identified through a review of historical data sets to identify anomalies in favourable geological settings where prior exploration has been inadequate or incomplete.

Multiple exploration targets have been defined by the Company comprising a mix of geochemical and geophysical anomalies. A summary of key target attributes is included in the table below.

Proposed exploration activities will include surface mapping, geochemical sampling, geophysical surveys (including TEM) and RC and diamond drilling.

Prospect	Commodity	Key Features
Johnnies	Copper	500m x 100m copper in soil anomaly (+50ppm Cu), open along strike. Six select rock chip samples in the core of the anomaly returned >1% Cu, with a maximum value of 19.6% Cu.
Camelback East	Copper	Open ended Cu soil anomaly over 500m+ strike length. Coincident GEOTEM anomaly.
Mount Fox	Copper	Copper (malachite) showing within a variable width (1-4m thick) quartz vein exposed along a 50m strike length.
Crescent	Uranium, Gold	300m x 20m gold in soil anomaly (max 64ppb Au) and adjacent radiometric (uranium) anomaly.
Mount Fox	Uranium	5km x 2km radiometric (uranium) anomaly in granite, cross cutting local stratigraphy.
Pancake	Zinc	1,100m x 200m + 1,000ppm zinc in soil anomaly. Partially drilled but open along strike.
The Wall	Copper, Zinc	Coincident GEOTEM / soil anomaly including max 7,163ppm Zn, 1,464ppm Cu, and 2,023ppm Pb.

Tenement Number	Tenement Name	Interest
15762 (EPM)	Mt Fox	100%
15764 (EPM)	Weberra	100%
15767 (EPM)	Myally	100%
15914 (EPM)	Gunpowder Creek	100%
16498 (EPM)	Johnnies	100%
15913 (EPMA)	Gunpowder	100%
17962 (EPMA)^*	Paroo	100%
18217 (EPMA)	Isa North Consol	100%

^* Competitive application.