QUEENSLAND, AUSTRALIA

The property is located in northwest Queensland, Australia.  It is situated approximately 175 km southeast of Mount Isa, 130 km south-southeast of Cloncurry and 700 km west-southwest of Townsville.  Within 30 km of the property, there are a number of producing mines in the area, including, BHP Billiton’s Cannington Silver Lead Zinc Mine, Chinova’s Osborne Copper-Gold operations and Starra Gold-Copper Mine. Pegmont is proximate to existing infrastructure that includes roads, railhead and natural gas for power generation.