The Company's long term objective is to become a successful mining house by the participation in the discovery and development of one or more world-class mineral deposits.

The short term objective is to enhance value and obtain a cash flow from the Company's existing tenements in Australia which have potential for gold, copper, nickel and PGM deposits. This value may be realized by identifying targets, delineating resources and entering into mining operations as well as entering into significant farm-out or royalty arrangements or acquiring new opportunities to provide an early cash flow.