The Company holds interests in the following projects:
Webb Diamond JV, Western Australia
Ownership: 15% MEI / 85% CGN Resources Pty Ltd
The Webb Diamond JV covers an area of 400km2 and is focussed on the evaluation of a large kimberlite field comprising 280 bulls-eye magnetic targets. 23% of these targets have been drill tested with 51 kimberlite bodies identified.
Warrego North IOCG Project, Northern Territory
The Warrego North Project is located approximately 20km north west of the historical high-grade Warrego copper-gold mine, in the western part of the Tennant Creek Mineral Field.
Warrego was the largest deposit mined in the area producing 1.3Moz Au and 90,000 tonnes of copper historically.
Chalice Gold Mines Limited (ASX:CHN) can earn up to 70% interest in the Project by sole funding $800,000.