The Palmer River Gold Project is located about 420km from its nearest port and 250km by air from Cairns, Palmer River, Far North Queensland.

Sampling by the current tenement holders has established the possibility of recovering a concentrate with significant commercial value. It is proposed that alluvial mining be conducted on site and the concentrate recovered be shipped direct to an overseas buyer for further separation and on processing. Or the concentrate can be treated on site at the mine site. The Palmer River Gold Project covers 13 kilometers of the Palmer River which has 4 granted mining leases ready for mining to commence and 1 exploration permit, providing future growth potential. The Palmer River Project leases are ML 20366, ML 20400, ML 20451 ML 20548, and EPM 18714 of 8 sub-blocks. The project currently has 2km of the Palmer River under granted mining leases, with 11km held under exclusive rights with the EPM. It is estimated that more than 45 million cubic meters of alluvium is available in the form of Mining leases and EPM area. It is estimated that the recoverable value of this project is expected to be from .2 to .3 grams of gold together with a Heavy Mineral concentrate being between 3 and 5%. It is envisaged that a production rate of 1000m3 per day per plant would take approx. 10 to 15 years to finish.

Palmer River Gold Feasibility Indicated Resource Data & Resource Calculation:

Palmer River Pty Ltd estimates that in total there is approximately 45 million cubic meters of alluvium available to be processed in approved mining leases and Exploration permits.

About 60% of the approved mining lease has been tested and the company estimates that the following recoveries of finished product are most likely.

Historical reports are available - CR 15772, CR 8334, CR 16178, CR 2794, CR 13494, CR 3229

The Palmer River Gold Project, located on the Palmer River, south of Laura in far north Queensland, has been examined and researched for its potential as a gold and heavy mineral mining resource.

The Palmer river gold field, which hosts the project, has had a long history of gold discovery and mining dating back to 1873.

Between 1873 & 1879, the Palmer River Goldfield was Australia's richest alluvial field ever discovered, yielding some one million ounces of gold and by 1907 had produced 1,323,735 ounces of gold.

At its peak the gold rush had over 30000 miners in the area of which two thirds were Chinese. Throughout the whole of this period of mining heavy minerals were discarded as only the gold was considered to be of any value. Modern alluvial gold mining techniques are proposed as the method to recover a concentrate which includes Gold, Zircon, Garnet, Ilmenite, Rutile and Monazite.