Western Desert Resources Overview

Overview

TNG Ltd holds several projects in the Northern Territory which are at various stages of exploration and are the subject of a Heads of Agreement with Western Desert Resources Ltd (WDR) and or its subsidiaries. WDR can earn up to 80% interest in each Project area, subject to meeting specific exploration expenditure levels.

The main target is Tennant Creek style Copper Gold mineralisation. WDR is progressing exploration at East Rover EL 25581 which is located adjacent to Westgold Ltd’s Rover Gold project where recent bonanza gold intersections have been reported.

The Petermanns and Goddard tenement blocks are both highly prospective for Copper and Gold and negotiations with the Traditional Owner groups and the Central Land Council are currently in progress. Exploration is anticipated to commence in 2011.

 

TNG/WDR J.V. Tenement Location Map