Mincor’s prospective ground-holdings currently contain a Mineral Resource of 299,590 ounces of contained gold across six prospects and a large portfolio of exploration targets. The Company’s superb ground holdings include the recently reverted gold rights at North Kambalda (containing the highly endowed Bolder Lefroy Fault complex), the Widgiemooltha Dome (surrounded by the Higginsville Gold Camp and highly profitable Chalice and Wattle Dam Gold Mines) and a small package of ground at Jeffreys Find.

The opportunity is to mine a number of shallow gold pits in series, with ore processing via toll treatment. Given the very high prospectivity of the area and with all the gold resources at least partly open, there is the potential to build a long term gold business through ongoing exploration.