Situated in World Class IOCG mineralised Province of South Australia which contains Olympic Dam, Oak Dam, Prominent Hill & Carrapateena.

Intercept Hill is ~ 70km south of the Olympic Dam Cu-U-Au operation.

Area ~ 25km west of the new Carrapateena IOCG discovery and ~5km respectively east and south-west of Winjabbie and Oak Dam deposits. Strategically positioned, grossly under explored, highly fertile acreage. Potential for major deposit.

Prospective for Olympic Dam-style gold, copper and uranium in basement, copper and Sedex-style lead-zinc-silver deposits in cover rocks.

Known and proven, essentially untested, gold, copper and base metal mineralization within tenements; Uranium and REE anomalous Fe-oxide altered basement rocks present.

Area is immediately adjacent to, and includes part of, the Emmie Bluff Cu resource (25Mt @ 1.3% Cu, depth 400m with an insitu value of $A3 billion); mineralization is open into EL3084. Potential for major extension into Argo’s tenement.

Drilling in and adjacent to EL3084 has located basement Cu of Olympic Dam style (to 2.4% Cu) at 800+m depths.