Marlee Gold Pty Ltd was acquired in July 2022 to diversify the Company’s exploration portfolio. Marlee Gold is the holder of three exploration licences in the North Yilgarn Craton of Western Australia, that has been underexplored but has significant regional gold and copper mines. Following a maiden drilling program in 2023, it was agreed to divest the 2 Padbury Gold permits which completed in May 2024.
This leaves Marlee Gold with one main project, called Ivan Well. The main focus for the Marlee Gold prospects is to conduct modern exploration techniques to determine the likelihood of bedrock sourced mineralisation with a focus on gold.