Name of the Project
Weednannna gold project.

Location
The project is located 45 km north-north-east of Kimba, in South Australia.

Project Owner/s
Alliance Resources.

Project Description
Weednanna has existing mineral resources of 1.1-million tonnes grading 5.1 g/t gold.

The mineralisation remain open along strike and at depth, with significant potential to increase the existing mineral resources.

The results of a scoping study have confirmed a positive and robust gold project at Weednanna, which includes the construction of a new 250 000 t/y gold processing plant and tailings storage facility.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Capital costs have been estimated at $44.4-million.

Planned Start/End Date
Not stated.

Latest Developments
The positive outcomes of the Weednanna scoping study have prompted Alliance to start further drilling to:

• infill the inferred mineral resources to increase the classification to indicated mineral resources; and

• to define the limits of and extend the existing gold shoots, and explore for new gold shoots within the deposit.

The aim of this work is to develop knowledge of the deposit to a level that will support
a higher level study (prefeasibility or feasibility study); increase the mineral resources and start the project approvals process. The work programme is expected to take 12 months to complete.

Key Contracts and Suppliers
Mining One (scoping study) and BHM Process Consultants (scoping study metallurgical work).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Alliance Resources, email info@allianceresources.com.au.