Project Overview

Minsands has established a portfolio of 100% owned projects across Australia covering approximately 23 thousand km2 in zircon and rutile rich provinces in Victoria, New South Wales, Western Australia and Queensland which include the Murray Basin, Eucla Basin, Otway Basin and Inkerman projects.

In addition the Eucla Basin has good potential for Gold and Uranium.

Minsands project acquisition strategy has been to secure advanced project areas containing previously identified resources that exhibit potentially favourable mining and processing options and good infrastructure.

In addition, exploration projects have been secured in provinces with potential for zircon and rutile rich mineral assemblages.

        

Location	Projects	STATUS	Area km2
Murray Basin	Wedderburn, Graybridge, Avonbank, Kalkee and Magic	Advanced	1,367
Murray Basin	Balmoral West, Cannie West, Kings Tank, and Hay	Exploration	7.330
Eucla Basin	Plumridge, Pioneer and Newmont	Exploration	8,163
Gulf of Carpentaria	Inkerman	Exploration	3,793
Otway Basin		Exploration	3,140
Total Area  km2			23,792

 In the opinion of the Directors, Minsands represents an excellent strategic opportunity for the following key reasons:

• Advanced mineral sands projects with established Indicated and Inferred resources of heavy minerals;
• Opportunity to generate an early cash flow from the production of a heavy mineral concentrate;
• Extensive tenement area in Yilgarn Transition Zone, between Tropicana and Beachcomber, a highly prospective gold exploration area;
• Extensive project areas for building reserves and projects to diversify operations and market opportunities; and
• Experienced team with considerable range of expertise.