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Poland


Myszkow Geology
The Myszkow Mo/Cu project is located in South-West Poland near the towns of Myszkow and Zarki, some 80 km to the north-west of the city of Krakow. Mineralisation in the area was identified by the Polish Geological Institute in the late 1960’s. Follow up drilling by Polish Government institutions identified the Myszkow Mo-Cu-W deposit. Geologically, the concession area is located within the Malopolska Block, which is a major geological unit of Southern Poland. The Myszkow deposit itself developed along a major NW-SE trending fault system of the Malopolska Block. This structure is a part of a major, central Europe scale NW-SE trending lineament/tectonic zone known as the Hamburg-Krakow Fault Zone (HKFZ). In a tectonic sense, on the HKFZ about 200km NW of the Myszkow Project in the Lubin area, the Kupferschieffer type Copper-polymetallic mineralisation developed. This is recognised as one of the world’s most prominent metalliferous deposits (>100Mt of metallic Cu).

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Kupfershiffer
While Poland has a long and proud history of mining dating back hundreds of years, it was the discovery of copper in the 1950s which placed Poland on the map of global mining powerhouses. The copper-silver deposits in the Kupfershiffer Basin (Lubin district) are examples of peneconcordant, red-bed associated deposits. They are located about 75km north-west of Wroclaw in southwest Poland, on the northwest-dipping limb of the Fore-Sudetic Monocline. The deposit currently being mined extends over nearly 500km2, varies in thickness from .4 to 26m, and contains on average 2% Cu, 40ppm Ag, 0.2% Pb, 0.1% Zn, as well as anomalous concentrations of As, Ni, Co, Au and platinum-group metals. The deposit limits are undefined down dip to the northeast and the mine workings will eventually reach a maximum economic mining depth. It has been estimated that the entire mining district contains about 68mt Cu, 170,000t Ag, 5.2mt Pb, and similar amounts of Zn. The noble metal reserves are currently estimated at the level of 156t Au, 20t Pt, and 10t Pd. Therefore, the Lubin copper deposits of the district rank as one of the largest in the world. A detailed inventory of the amount of Cu present within the ore series estimates that the Zechstein basin in Poland may contain about 350Mt of copper metal.

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Australia

Warburton / Egerton (Strzelecki Metals 100%)
The Warburton and Egerton Projects are adjacent tenement groups in the Western Musgrave region of central eastern Western Australia which cover an area of approximately 1,626 km2.
Warburton Project

The Warburton tenements comprise seven Exploration Licences covering an area of 1100 square kilometres located 750 kilometres north east of Kalgoorlie and 550 kilometres west of Uluru (Ayres Rock) in Western Australia.

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Egerton
Adjacent to the western margin of the Warburton Project is the Egerton Project, consisting of three Exploration Licences covering an area of 529 km2.

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Pilbara –Yandeyarra Region
Located approximately 100 kms south west of Port Hedland, in the west Pilbara gold field, the Yandeyarra Project consists of two opportunities. First, there are the interests of Strzelecki Metals in three granted Exploration Licence and two Exploration Licence Applications. Secondly, Strzelecki Metals has a contractual right to explore for alluvial gold over seven Exploration Licences and four Mining Leases plus one Mining Lease Application held by Chalice Gold Mines Limited. In total, Strzelecki Metals Limited holds an interest in approximately 1200 square Kilometres of tenements in the Yandeyarra region of the Pilbara. The tenements cover part of the Archaean Mallina Basin where significant gold and Base Metal resources have been discovered.

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Steere River (Strzelecki Metals 80%)

The Steere River prospect covers 84 sq km of highly prospective exploration ground in south west of Western Australia. This project neighbours the significant ‘Trilogy’ polymetallic deposit (-1 Moz) and is along its strike and plunge direction. Previous exploration to date ceased prematurely and Strzelecki Metals intends to pursue its full potential by completing the work and properly evaluating its prospective mineralisation.

Strzelecki Metals has identified a series of high priority drilling targets with an emphasis on gold, copper and nickel mineralisation in the area. Of note is the graphite schist which overlays the basement and is highly prospective for uranium in the Rio Tinto Rudall Project. Strzelecki Metals intends to define the extent of this layer and its potential for local uranium deposits.

Beete (Strzelecki Metals 80%)
Strzelecki Metals’ Beete project is located in the Norseman Greenstone belt in South Eastern WA.

Nackara (Strzelecki Metals 50%)
The Project Area consists of two granted Exploration Licences (E 3315 and 3676) and are situated in the Nackara area approximately 50 km north east of Peterborough SA. The licences cover a total area of 197 square kilometres.

The Nackara Arc is a sub-domain of the Delamerian fold belt. The area has a history of gold discovery at the Nackara Reward mine in 1899 and Robertson’s mine in 1900. Previous exploration undertaken by the previous licence holder has consisted of a study of aerial data, geological reconnaissance, sample collection and analysis.

Strzelecki Metals considers the acreage to be prospective for significant gold and other precious metal discoveries as well as giving the Company exposure in its home base of SA.

Paragon (Strzelecki Metals 50%)
Mining Lease (ML 6400)

Mining Lease ML 6400 covers the historic copper prospect known as the Paragon Copper Mine. The Lease covers an area total area of 18.62 hectares and is situated approximately 50 km north of Broken Hill.

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Exploration Licence E6190
This EL surrounds ML 6400 and is considered by Strzelecki Metals to have further copper prospectivity. There are extensive databases available for the permits which will help in detailing futher work considerations on the blocks. One of the licences encompasses ML 6400 and could be of significant strategic value should economic deposits of copper be found.