Located in north Queensland, the Bellfield Project consisting of two granted tenements and a number of application areas is proving to generate new targets including Meso-proterozoic Iron Oxide-Copper-Gold systems, Broken Hill type Lead-Zinc-Silver systems and younger Permo-carboniferous breccia hosted gold systems. Two locations of primary interest have been identified in reconnaissance field work the Gilbert River Breccia and the Twelve Mile Breccia prospects. These prospects have previously been mapped and sampled, but never drill tested or surveyed with high resolution ground geophysics.

The Company will continue to methodically conduct exploration over this Greenfield project area into 2010.