Southern Cross

The Company successfully completed its bid for 100% of the unlisted public company Golden Iron Resources Ltd ("Golden Iron") in February 2011. Golden Iron holds a highly prospective suite of projects in the gold-endowed gold province of Southern Cross, Western Australia, including a high-grade JORC Compliant Resource of 798,900t @ 4.7 g/t for 118,800 oz gold.

The Southern Cross portfolio consists of six major hubs containing six mining, six exploration and seven prospecting licences totalling 41,376.24 Ha hectares of landholdings concentrating on gold with one tenement having iron ore potential.