Western Australia

Nepean North Gold Project, Western Australia (Alliance 100%)

The Nepean North Project is located within the Coolgardie Domain of the Kalgoorlie Terrane in the Eastern Goldfields, 25 km southwest of Coolgardie and 60 km southwest of Kalgoorlie in Western Australia and is prospective for gold deposits.

In March 2020, Alliance completed a 250 sample auger soil program to extend the previously defined gold in soil anomalism. Sampling was completed using a 100 metre by 200 metre spaced grid.

The results from this auger soil sampling program have more than doubled the size of the gold in soil anomaly (+7.5 ppb Au threshold), which now covers a 4.5 square kilometre area (refer to Alliance ASX Announcement dated 8 May 2020).

The next phase of exploration planned at the Project in 2021 is aircore drilling to test for gold in regolith anomalism, which can be used as a vector towards a primary gold deposit.