Projects

West Kimberley Metal's project areas were specifically designed to cover the most prospective ground for IRGS, PCG and IOCGs in North Queensland. The Walsh Project covers an area where parts of three metallogenic provinces converge upon each other (Figure 2), namely the Proterozoic Yambo Sub-province (Etheridge Province), the QLD Au Corridor (IRGS) and the Townsville-Mornington Island Igneous Belt (PCG, Base Metals, IRGS). The QGP1, QGP2 and QGP3 Project areas lie within the QLD Au Corridor, areas of which were selected based on the key selection criteria for WKM target styles observed within (see Exploration Concepts page).

Figure 1 - Map of QLD Tenure (EPMs) & Project Areas

Tenure

WKM's tenure is composed of 14 mineral exploration tenement applications, comprising 13 Exploration Permit Applications (EPMAs) in Queensland, and one Exploration License Application (ELA) in Victoria. Of the 13 EPMAs in Queensland, 10 are attributed to the Walsh Project, and one each for the QGP1, QGP2 and QGP3 project areas. The Victorian ELA covers the Hoddle's Creek project area. {Figure1, Table 1}. In all, WKM's project areas encompass a total prospective area of approximately 3472km2.

Figure 2 – Map of North Queensland Metallogenic Zones, showing the convergence of the QLD Au Corridor, Townsville-Mornington Island Igneous Belt and the IOCG Prospective Proterozoic Basement (Etheridge Province, Yambo Sub-province) upon WKM's Walsh Project area, outlining the high prospectivity for these systems in the Walsh Project area. Also shows the location of WKM's QGP1, QGP2 and QGP3 Project areas within the QLD Au Corridor.

Table 1 - WKM's Tenure Holding

WKM's Tenure Holding
Tenure	Status	Term	State	Location	Size	Project
EPM 17119	Application	5 Years	QLD	WNW of Chillagoe, NQLD	197 km2	Walsh
EPM 17120	Application	5 Years	QLD	WNW of Chillagoe, NQLD	329 km2	Walsh
EPM 17121	Application	5 Years	QLD	WNW of Chillagoe, NQLD	309 km2	Walsh
EPM 17122	Application	5 Years	QLD	WNW of Chillagoe, NQLD	329 km2	Walsh
EPM 17123	Application	5 Years	QLD	WNW of Chillagoe, NQLD	322 km2	Walsh
EPM 17124	Application	5 Years	QLD	WNW of Chillagoe, NQLD	296 km2	Walsh
EPM 17125	Application	5 Years	QLD	WNW of Chillagoe, NQLD	329 km2	Walsh
EPM 17126	Application	5 Years	QLD	WNW of Chillagoe, NQLD	329 km2	Walsh
EPM 17127	Application	5 Years	QLD	WNW of Chillagoe, NQLD	197 km2	Walsh
EPM 17128	Application	5 Years	QLD	WNW of Chillagoe, NQLD	306 km2	Walsh
EPM 17560	Application	5 Years	QLD	~25km SE of Torwood	89 km2	QGP1
EPM 17561	Application	5 Years	QLD	~45km NW of Mount Surprise	105 km2	QGP2
EPM 17562	Application	5 Years	QLD	~45km NW of Greenvale	267 km2	QGP3
EL 5141	Application	5 Years	VIC	~60km E of Melbourne	68 km2	Hoddles Creek

Project Targets

The Walsh Project (Figure 3) encompasses an area at the junction of three separate mineralized corridors, including the Proterozoic Etheridge Province, prospective for IOCGs, the Queensland Gold Structure, prospective for Intrusion Related Gold Systems, and the Townsville-Mornington Island Igneous Belt, prospective for Porphyry Copper-Gold deposits.

The Proterozoic and Palaeozoic geology of the project area is entirely overlain by an estimated 150-200m of younger Mesozoic and Tertiary cover sediments. WKM's search for mineral deposits in these terrains therefore depends initially on geophysical interpretation. In particular, geophysical signatures mimicking those of large examples of WKM's target styles, within the framework of the Key Selection Criteria (see Exploration Concepts page), have been identified, and form the basis for targeting.

WKM have defined numerous targets in the Walsh Project area, and a selection of key example targets, one each for IOCGs, IRGS and PCGs are shown below (Table 2, Table 3, Table 4):

Figure 3 – Reduced to Pole (RTP) aeromagnetic map of Walsh Project area with tenure labeled by EPMA Number, showing a selection of key targets (Walsh Targets 1, 2 and 3). MGA94, Zone 54.

Table 2 – Walsh Target 1

Target Name: Walsh Target 1	Project: Walsh
Target Style: Mesoproterozoic IOCG	Target Size: > 150Mt
Selection Criteria: Large broad N-S elongate discrete magnetic high (RTP), with a central peak.
Work Plan: Ground Magnetics, Pole-Dipole Induced Polarisation (3DIP), Drilling
Figure 4 – Magnetic profiles (10km E-W) for Walsh Target 1. MGA94 Zone 54.

Table 3 – Walsh Target 2

Target Name: Walsh Target 2	Project: Walsh
Target Style: Porphyry Au/Cu	Target Size: >100Mt
Selection Criteria: Intense Magnetic low at the intersection of NE and NW trending lineaments
Work Plan: Ground Magnetics, Pole-Dipole Induced Polarisation (3DIP), Drilling
Figure 5 - Magnetic profiles (10km E-W) for Walsh Target 2. MGA94 Zone 54.

Table 4 – Walsh Target 3

Target Name: Walsh Target 3	Project: Walsh
Target Style: IRGS	Target Size: >70Mt
Selection Criteria: Intense NW trending Magnetic low at the edge of a buried pluton
Work Plan: Pole-Dipole Induced Polarisation (3DIP), Drilling
Figure 6 - Magnetic profiles (10km E-W) for Walsh Target 3. MGA94 Zone 54.

WKM's QGP1, 2 and 3 project areas were selected on the basis of observed magnetic features considered analogous to those of Intrusion Related Gold Deposits. The geology of the project areas generally consist of Permo-Carboniferous intrusive and extrusive rocks, including members of the Scardon Volcanics in QGP1 and 2, and the Bally Knob Volcanics in QGP3. Mesozoic cover rocks are prominent in QGP1, while Siluro-Devonian granites are exposed in QGP2 and 3. QGP3 is extensively overlain by Tertiary Basalts. Selected IRGS target examples for each of these project areas are provided below (Table 5, Table 6, Table 7):

Table 5 – QGP1 Target 1

Target Name: QGP1 Target 1	Project: QGP1
Target Style: IRGS
Target Size: >70Mt
Selection Criteria: Intense discrete Magnetic low at the intersection of a NNW a NE set of structures
Work Plan: Surface Geochemistry, Pole-Dipole Induced Polarisation (3DIP), Drilling
Figure 7 - Magnetic profiles (2km E-W) for QGP1 Target 1. MGA94 Zone 55.

Table 6 – QGP2 Target 1

Target Name: QGP2 Target 1	Project: QGP2
Target Style: IRGS
Target Size: >60Mt
Selection Criteria: Intense discrete Magnetic low at the intersection of a NW and NE set of structures
Work Plan: Surface Geochemistry, Pole-Dipole Induced Polarisation (3DIP), Drilling
Figure 7 - Magnetic profiles (2km E-W) for QGP2 Target 1. MGA94 Zone 55.

Table 7 – QGP3 Target 1

Target Name: QGP3 Target 1	Project: QGP3
Target Style: IRGS
Target Size: >100Mt
Selection Criteria: Very Intense Magnetic low on a NW trending structure
Work Plan: Surface Geochemistry, Pole-Dipole Induced Polarisation (3DIP), Drilling
Figure 9 - Magnetic profiles (2km E-W) for QGP3 Target 1. MGA94 Zone 55.

Hoddles Creek Project

WKM's Hoddles Creek Project, located ~60km east of Melbourne, was the center of extensive historic alluvial and hard rock gold workings, with gold produced periodically between the 1860's and 1940's. Little or no exploration work has been carried out since. Although little is known about the gold hosting deposit styles, locally, gold and/or tin occurrences have been previously identified as Intrusive Related systems (Beenak) and epizonal orogenic Au (Hoddles Creek). Gold was noted in some case to be related to Antimony (Sb) mineralization. WKM plans to review historic information and assess the potential for economically significant gold mineralization within the project area. Initial work will focus on searching for and compiling historic data, conceptualization and low-impact geological reconnaissance and surface geochemical sampling. The geology of the area is dominated by Silurian sediments of the Melbourne Formation in the north, and the late Devonian Tynong Granite to the south east, however a large portion is overlain by Tertiary basalts.

Figure 10 – Aeromagnetic map of the Hoddles Creek Project area, showing historic alluvial mining centers and hard rock gold occurrences. MGA94 Zone 55.