Western Yilgarn NL reported promising results from an initial 1,077 hole Auger geochemistry program, completed on 1,600 x 100m grid at its Bulga Project, located in Western Australia. Portable X-Ray Fluorescence (pXRF) multielement screening of the Phase 1 samples has identified a series of follow-up targets including: Potential LCT Pegmatites - A 7km by 2km anomaly with coincident anomalous pathfinder elements. Ni-Cu-Co Layered intrusives - 1km to 2km Pathfinder anomalies coincident with geophysical targets.

The promising results have prompted immediate lodgement of applications which will add 275km2 to the project footprint to secure the full potential of the project area with: E36/1065 - Northern portion increased by 136km. E36/1066 - Southern portion increased by 139km2. The auger geochemistry program has resumed with targeted infill drilling to refine targets further with historical exploration data review ongoing.

Overview: Western Yilgarn's Bulga Project is one of 4 WYX projects which is located 50km to the southwest of Agnew on the Pinnacles Station. The project comprises three granted contiguous exploration licences (E36/1010, E36/1011, and E36/1025) which covers a combined area of ~154km. The additional 275km under application would provide for a project area of 429km.

Geological Setting: The Bulga Project is located along the interpreted trend of the Ida Fault, which in turn is interpreted to be a fundamental early steep structure effectively marking the boundary between the Eastern Goldfields Super Terrane in the east and the Youanmi Terrane to the west. The Ida Fault structure locally becomes the Mt Goode Rift, which hosts the Cosmos mineralised complex. Bulga stratigraphy is interpreted to be contiguous with the Cosmos trend.

The northward continuation can be traced on the west side of the Agnew-Wiluna greenstone belt as the Waroonga Shear Zone (a locally important Au associated structure) while the southern continuation correlates with the western margin to the Coolgardie, Widgiemooltha and Chalice greenstone belts (Weinberg et al., 2002). The Bulga Project geology comprises mainly granite with minor greenstone rocks adjacent to the Mt Ida fault. The main greenstone sequence consists of two prominent magnetic units (at least on a semi-regional scale) that appear to merge to the south.

The belt has been sparsely drilled and the greenstone sequence appears to have an interpreted maximum thickness of approximately 1,000m. Mapping is difficult due to cover and all interpretation has been through interpretation of the magnetic data and limited drilling. Phase 1 Auger Geochemistry: A total of 1,077 Auger Geochemistry holes were undertaken across the Bulga project in the Phase 1 exploration program undertaken by WYX.

Holes were located on 1,600m lines spaced 100m apart. Holes were drilled between 2m and 10m in depth with an interface sample taken below transported cover and soil material. Phase 1-hole locations are shown in the figure below overlayed on the WA 1VD Magnetic image from GSWA.

Preliminary pXRF Targets: The preliminary targets are based in wide spaced 1,600m x 100m auger Geochemistry samples screened by pXRF with two styles of mineralisation identified for follow-up infill geochemistry. Potential LCT Pegmatite target - A 7km by 2km anomaly with coincident pathfinder element anomalies. Ni-Cu-Co Layered intrusive target -1km to 2km Ni-Cr pathfinder anomalies coincident with geophysical targets.

pXRF analysers cannot analyse Lithium and Gold with acceptable precision and accuracy but can analyse pathfinder elements with acceptable precision. Infill auger and commercial analysis will follow this phase . LCT Pegmatites can contain elevated Rubidium, Niobium, Potassium, Yttrium and Tin which have returned contiguous anomalies over a 7km by 2km area in the SE of the Bulga permits.

New Tenement applications: Western Yilgarn has made two new applications around the Bulga project to secure the potential strike extensions of Phase 1 Auger anomalies generated. The two applications total 275km.