Woolgar Goldfield/Georgetown Inlier

PepinNini has established a substantial presence in the Georgetown Inlier/Woolgar Goldfield region in north Queensland with 100% interest in one granted Mining Lease, 17 granted exploration tenements and 2 exploration tenements under application covering approximately 2,007 sq. kms. The tenements are prospective for high grade gold, base metals, uranium and phosphate.

Uranium occurrences which have been inadequately tested by previous explorers and favourable geological settings for uranium mineralization are a priority target. The uranium targets are hard rock volcanic type deposits similar to the nearby Maureen and Ben Lomond Uranium Deposits. Ben Lomond represents one of the highest value per tonne uranium resources in Australia with an average grade of 0.25% U3O8 and molybdenum credits of 0.15%.

It should be noted that the current policy of the Queensland State Government does not allow for the mining and processing of uranium. However, the policy is not enacted by legislation in the Queensland Minerals Act and would therefore not apply if there was a change of Government or if the current Government reversed its policy at a party meeting.

In addition to the uranium potential the exploration tenements have potential to host large intrusion related gold deposits such as the nearby Kidston Gold Deposit from which 4.1 million ozs were produced.

There are numerous gold prospects located within the PepinNini tenements as well as tungsten, lead, zinc,copper and phosphate prospects.