SOLD – Wonawinta 41.5Mt @ 45g/t Ag Silver Project

Expressions of interest are being called for a recapitalisation or the acquisition of the business and/or assets of Cobar Consolidated Resources Limited (‘CCR’) (Administrators Appointed), as part of an accelerated sale process. CCR is an ASX listed entity which owns and operates the operational Wonawinta Silver Mine (‘Wonawinta’ or the ‘Project’) and extensive exploration tenure in the resource rich Cobar basin in central western New South Wales. Furthermore, CCR has a high quality, recently estimated JORC (2012) compliant Mineral Resource of 60Moz of silver, including Ore Reserves of 9Moz of silver.

Based on the current life-of-mine plan, the Wonawinta project has an estimated life of 5 years. However, there is significant potential to increase the longevity of the project through upgrading the current resource.