Aphrodite Deposit

Western Australia

The Aphrodite Gold Project is ideally located 65km north of Kalgoorlie in the Eastern Goldfields of Western Australia and is close to all major infrastructure. The project has a long history of exploration and resource estimation by several parties dating from its discovery in mid-1990.

The Aphrodite gold deposit is covered by five contiguous Mining Leases, 100% owned by Aphrodite Gold Pty Ltd, a subsidiary of Bardoc Gold Limited. All five tenements have been granted for a 21-year life, with the earliest expiry date in 2028.

The Company has also been granted one Exploration Licence, two Prospecting Licences and five Miscellaneous Licences, all located within close proximity to the Mining Leases.

The Aphrodite mineralisation is situated in the Kalgoorlie Terrane of the Yilgarn Craton, and within the Bardoc Tectonic Zone – a high-strain zone of supracrustal rocks extending about 120km north of Kalgoorlie. Gold mineralisation within the Aphrodite Gold Project area was first discovered in 1996 when Goldfields Limited drill-tested a 1,200m-long supergene gold anomaly identified during a calcrete sampling program the previous year. The first significant intersection returned from this drilling program was 10m at 8.6 grams per tonne (g/t) gold from within the area’s weathered bedrock (saprolite), above what was subsequently labelled the Alpha zone.

Subsequent drill programs testing the fresh rock mineralisation around the Alpha zone confirmed that the mineralisation at the Aphrodite deposit was contained within two sub-parallel lode structures, known as Alpha and Phi.

The Aphrodite deposit has a current JORC Resource of 25.5Mt @ 2.03g/t Au for 1.66Moz of contained Au.