Mount Morgan

District scale opportunity in a world class gold-copper region

The Mount Morgan Project is adjacent to the world-class Mount Morgan Gold Mine which has produced over 8 million ounces of gold and 400,000 tonnes of copper as is one of the largest known porphyry copper systems in Eastern Australia.

The tenement package which is located approximately 250 km to the West of Mackay in North Queensland incorporates  covers a total area of approximate 1017 km² and holds highly prospective tenements.

Key summary points include:

• 100% ownership of district-scale tenure package totalling 1017 km² and surrounding the world-class Mt Morgan gold copper mine.
• Mt Morgan mine operated between 1882 and 1981 producing 50 Mt at 0.72% Cu, 4.75 g/t Au for 7.7 Moz gold and 361 kt copper.
• Land package diligently compiled over a number of years to build a commanding position in this outstanding gold-copper district.
• The origin of the Mt Morgan deposit remains topical:
  • • Syngenetic exhalative
    • Epigenetic replacement
    • Deep LSE epithermal related to a concealed porphyry

• Several phases of exploration by different companies however much has been model-driven and thus introduced biases into the target selection process.
• GBM has undertaken a systematic review of previous exploration, ground follow-up and surface exploration in key areas defining 11 porphyry, epithermal and skarn targets, including Mt Usher with a concealed magnetic high rimmed by historic gold workings