westura

KOOKYNIE GOLD PROJECT

  • Kookynie Gold projects consists of 11 leases within the Kookynie/Mt Margaret gold district held by Leanora Gold Pty Ltd a wholly owned subsidiary. Kookynie is a district dominated by several high-grade historical mines and former State Battery.

  • The Kookynie tenements are located within the “Kookynie Mineralised Corridor.”

  • Historical gold production from the leases includes 24,600t @ 28.1 g/t for 22,300 oz. of gold, 15,923t @ 13,839 oz. of gold and 8,028t @ 8,061 oz. of gold. Total gold produced 44,200 oz. valued at US$81.7 million at today's gold prices.

  • A July 2020 Independent Report identified the potential to delineate up to 1.1 million tonnes hard rock mineralisation assuming a grade range 3.9 g/t based on historical high-grade gold deposits of up to 137,000 oz/Au.

  • Three leases under option are adjacent to 660,000 oz resource project recently acquired by an ASX company (Saracen) for $38 million.

  • IRIS Metals, Next Minerals are all located within proximity to Kookynie Gold’s leases.

  • Kookynie Gold leases hold three historical high-grade mines with grades exceeding 1 ounce per ton of ore processed. The leases are bound by various ASX listed companies including the Orient Well mine with recent announcements by Genesis Minerals (Ulysses Gold Project) intersecting a significant high-grade mineralisation.