Geology and Exploration of the Hamata Deposit

Gold mineralisation at the Hamata prospect is related to a series of stacked pyrite and quartz-pyrite veins associated with a number of shears which strike N to NE and dip E. Mineralisation is contained entirely within the Morobe Granodiorite close to the intersection of the Upper Watut Fault and some younger NE to SW striking faults. The prospect was originally detected in 1987 by a regional stream sediment sampling programme. Subsequent mapping and sampling outlined an anomalous zone approximately 900m long by 300m wide. Drill testing has indicated a resource of 46Mt at 0.9 g/t Au.