Telfer Gold Project

Location: Pilbara Mineral Field, Western Australia

Owner: Mount Burgess Mining NL 100%

The Company currently holds equity in twenty seven granted and pending mineral tenements at Telfer covering approximately 22,200 hectares. These are all within a 40 kilometre radius of Newcrest’s Telfer Gold Mine, which has produced in excess of five million ounces since 1977 and has a current quoted resource of 26.2 million ounces of gold. (Newcrest October 2003).

The Company’s tenements include both East Thompson’s Dome and Tim’s Dome.

Mineralisation in the Telfer district mainly comprises low-grade bulk tonnage sheeted vein and stockwork quartz-pyrite-Au-Cu and strata-bound Au-Cu systems.

The Company believes that the area has potential for the discovery of significant gold and base metal mineralisation.

East Thompson's Dome

This dome is defined by an eight kilometre long double plunging antiform situated 10 kilometres north west of the Telfer mine with lithologies equivalent to those occurring at the Telfer Main Dome.

Recent studies have concluded that the dome has many similarities to the Telfer Main Dome with good potential to host Telfer style strata-bound gold and base metal mineralisation.

Tim's Dome

Tim's Dome is situated just 15 kilometres northwest of the Telfer Main Dome and hosts lithologies similar to those observed at the Telfer mine. Much alteration and extensive low grade gold mineralisation occurs for over 4 kilometres at Tim's Dome.