The Bindoon Project comprises one exploration licence (E70/5606) and two exploration licence applications (E70/5428 and E70/5616), which collectively cover a total area of 35 Blocks (~105km2) in the newly defined West Yilgarn Ni-Cu-PGE Province in Western Australia.

The Bindoon Project is divided into three areas:

(i) Bindoon North (E 70/5606)

(ii) Bindoon Central (ELA 70/5428)

(iii) Bindoon South (ELA 70/5616)

Location of Bindoon Project

Bindoon Central and Bindoon South lie 10km South East of the Chalice Mining Limited (ASX: CHN) Julimar Discoveries Project.

Geology and Mineralisation

The Bindoon Project is bounded by the Perth Basin and Darling Fault to the west, and the Darling Range Plateau dominates the central-eastern portion of the Project area.  The plateau is dominated by a lateritised surface, the thickness of which is highly variable, ranging from <1m to ~10m, underlain by saprolitic clay profile to a depth of ~30m. Fresh rock is well exposed at the base of the incised drainages, composed of gneissic sediments, granitoids and fine-grained green mafic sequences.

Aeromagnetics show a strong linear N-S strike of narrow magnetic responses and there are numerous NNE trending magnetic features, which are interpreted to be thin mafic dykes within more siliceous sequences of granodiorite.

The north-trending Darling Range Fault, located along the western margin of the Project area, abruptly truncates the Archaean high-grade metamorphics to the east. Major NNW trending magnetic lineaments are evident. These are possible basement sutures occurring as major transcurrent faults. Both NW trending and NE trending lineaments have been identified in the imaged aeromagnetic data.

Previous Exploration

Previous exploration at the Bindoon Project is virtually non-existent.  Only one historic drill hole that targeted some shallow glauconite sand (potash derivative) in 1996 was located.  Previous exploration within the Bindoon Project has focused on evaluating the region for surface bauxite deposits. Little to no exploration for nickel-copper and platinum group elements has taken place.

Radiometric and aeromagnetic imaging indicate structures & magnetic anomalies at both Bindoon South and Bindoon Central, with the most intriguing information being an unexplained ferric oxide anomaly at the southern end of the Sub-Project, which could indicate favourable mafic or ultramafic rocks in the area.

Exploration Potential

The Company has planned a program of field mapping, surface geochemistry and geophysics at the Bindoon North Sub-Project, which will be extended to the Bindoon Central and South Sub-Projects if granted, with a view to identifying drill targets for a drilling program to be completed if warranted following a review of initial exploration results.