Projects

Chrysalis has secured the right to acquire a portfolio of West Australian exploration projects that are considered prospective for Gold, Iron Ore, Uranium and Nickel.
These include:

• Two gold projects (Pioneer and Sheeza), including five granted tenements and eleven applications, which are located in proven gold mining regions in Norseman (The Dundas Mineral Field) and Kalgoorlie (Broad Arrow Mineral Field). These projects contain defined gold targets that are drill ready.
• Two iron ore projects (West Angelas and Isabella North) containing three tenement applications, with both projects located within the Pilbrara region of Western Australia. West Angelas is located approximately 135 kilometres west of the town of Newman and Isabella North approximately 275 kilometres east south east of Port Headland.
• One uranium project (Gregory Isabella) containing three tenement applications, located in the Gregory Ranges on the eastern margin of the Pilbara Craton 250km north east of the town of Newman. Geological similarities with the Alligator Rivers region in the Northern Territory and the presence of a significant, unexplained radiometric anomaly suggest more rigorous exploration is required.
• One nickel project (Windarra) containing two tenement applications, located immediately south of the Windarra South nickel mine. Previous exploration focused on gold and has not taken advantage of the potential nickel sulphide mineralisation.

 In general, the project locations are near developed infrastructure and have the potential to offer the Company significant cost savings and reduced lead-time benefits if exploited.