Analysis of core from the current drilling together with the geological and geophysical data has identified significant potential for the continuation of the main copper-mineralised zone westwards from the historical Mineral Resource. The continuation of the main copper zone (and consequently, the Mineral Resource) westwards, is evidenced in one western-most historical drill hole that intersected significant mineralisation at depth and strike of (but outside) the Mineral Resource. The mineralisation in this historical hole does not appear to reach the surface (i.e., a blind zone) and does not show a surface soil geochemistry expression.

In addition, aerial magnetic data clearly highlights a continuation of the same structure on which the main copper zone is developed. The Western Extension Zone continues for at least one kilometre and lies adjacent and to the north of a large circular magnetic feature. 3D modelling of IP chargeability data shows substantial broadening of a large high chargeability zone at the western end of the historical Mineral Resource.

The limits of the IP survey prematurely terminates the high chargeability zone at the western and eastern ends of the prospect area. A large-scale modern IP survey is being planned for the Cockie Creek prospect area and surrounds to cover most of the interpreted intrusive complex. The mineralisation at Cockie Creek remains open in all directions and is surrounded by several significant magnetic features, potentially representing one or more mineralised Cu-Au porphyry system cores.

Extensive geological and geophysical modelling work has highlighted an exceptional target that has the potential to lead to the discovery of a large porphyry Co-Au-Molybdenite mineralisation system. The work also identified significant potential to expand the historic Mineral Resource Estimate of 13Mt @ 0.42% Cu (0.25% Cu cut-off grade) (JORC 2004), which was established over only about half of the known strike of mineralisation at surface and only to shallow depths. Cockie Creek is characterised by a tabular zone of disseminated copper-gold-molybdenum mineralization that crops out at surface and extends for over 1.2 kilometres in strike length with a true width of up to 60 metres.

The mineralisation shows good continuity and has only been drilled to shallow depths. Directly beneath the mineralisation lies a strong IP chargeability anomaly that has not been adequately drilled. Recent geophysical modelling indicates that a second chargeability anomaly lies to the west of and parallel to the main anomaly.

The western anomaly has not previously been drilled. The main target at Cockie Creek is one or more deeper porphyry cores that are likely to be the source of the copper mineralisation. The mineralisation identified by the historic drilling potentially represents leakage into the wall rocks of a nearby mineralised porphyry system.

As appears to be the case at Bottletree, the likely wall rock-hosted mineralisation at Cockie Creek represents a potentially significant outcropping copper resource. Copper grades are relatively high in porphyry deposit terms, with historic results indicating increasing grades at depth. In addition, a significant zone of gold (3m @ 9.0 g/t Au from 80m) in historic hole CRC003 was returned just short of the western chargeable zone.