Porphyry

The Porphyry prospect owned and managed by Saracen Minerals includes tenement M31/157 and lies on the Edjudina Station Pastoral Lease approximately 48km north of the Carosue Dam processing plant.

The Company retains a royalty interest in the Porphyry deposit. The Porphyry mining area has a long history of gold mining, having been mined intermittently over the past 75 years. Historical production from the Porphyry mine is 1.33mt @ 3.36g/t producing 144,000oz from both underground and surface operations.