Ponton Project

(Gold)

The Ponton Project tenement group is a greenfield exploration holding over gneiss and greenstone terrain considered to have gold, base metals, and uranium prospectivity.

The Project is located immediately to the south and southeast of Western Mines Group’s (ASX: WMG) Mulga Tank Ni-Cu-PGE Project and covers under-explored geophysical targets below transported cover and gold geochemical anomalism awaiting first-pass drilling. The prominent Cundeelee carbonatite intrusion is located immediately to the south, suggesting prospectivity for associated carbonatite dykes and REO mineralisation.

Ponton also lies in the same region as the Mulga Rock uranium deposits (ASX: DYL), and a major regional paleochannel passes through the southeastern part of the tenure.