Koonenberry Gold Limited

The company’s primary purpose is to create value for shareholders through potential gold discoveries within Australia. The 100% owned Koonenberry Gold Project is located in north-western New South Wales, approximately 160km northeast of the major mining and cultural centre of Broken Hill and 40km west of the opal mining town of White Cliffs. Good access is available via main roads connecting Broken Hill, White Cliffs and Tibooburra. Acquired in 2017, the Project covers approximately 1,339 square kilometres in a consolidated tenement package. Since acquisition the Company has focused on preliminary exploration activities, including research, data mining and the digitisation of historical exploration and mining data, modelling of historical drilling, undertaking a trial resistivity tomography survey, raising seed capital and defining exploration programmes for the Project. With evidence of high-grade mineralisation in multiple bedrock sources, and a pipeline of emerging targets, the tenement package offers a compelling regional gold discovery opportunity in an underexplored province. Koonenberry Gold holds a dominant position along the Koonenberry Fault in NSW which is part of an extensive orogenic gold belt that has the potential for the discovery of large deposits.