Mt Wells is located approximately 200km south of Darwin and is accessible from the Stuart Highway and all weather roads (via Adelaide River) to the tenement areas.

Mt Wells has both granted mining tenements (MLN 164, 165, 196 – 200, 463, 465 – 467, 658, 672, 679 & MCN 723 and 2631) and, apart from a Joint Venture with Australasia Gold Limited on exploration licence EL22301, ELA 28549 is 100% owned by the Company.

Mt Wells is located on a substantially elevated hill containing en-echelon lodes of copper and tin ore. The elevated nature of the ore bodies should assist in economical disposal of overburden and waste in adjacent valleys for any future open pit operations.

These lodes are essentially tension – fill veins, striking 015 - 025, dipping 75-85o east and have a strike length of up to 1km. The host rocks are siltstone and greywacke of the Burrell Creek Formation, which form a north trending anticline. The width of the individual lodes average 2 metres, (0.5m – 5m), arranged in an en-echelon pattern. Contacts with the host rock are sharp and there is no evidence of displacement or movement. Lode occurring near the contact is brecciated. Branching of lodes into 3 or 4 narrow veins is common.

Cassiterite occurs as single coarse crystals or as aggregates along the hanging wall of most lodes. The coarseness of the tin mineralisation within the quartz lode combined with its erratic distribution contributes to an inherent spotty nature of the mineralisation. This produces a high-nugget effect induced contrast between adjacent lode sample assay results of near zero to several percent tin respectively.

Presently, potential exists to open-cut the combined copper/tin resource at Mt Wells where tin ore grading of 2% has been recorded at surface.

The Company plans to undertake further drilling in June 2012 subject to funding, with access to the project area via all weather roads.