Projects overview

Zuleika Gold’s presence in the gold-rich Kalgoorlie region gives the Company scope to undertake exploration on relatively under-explored ground in this world class gold region.

Zuleika Gold has 5 major gold projects, comprising one development project and 600 km² of tenements  infour exploration projects.The exploration projects are clustered around the 200-million-ounce world class gold region of Kalgoorlie/Menzies.

Zuleika Gold has two joint ventures on the world class gold conduit, the Zuleika Shear (220 km²) which has produced 20 million ounces of gold and at Credo Well (12 km²) which historically has shown spectacular specimen gold and from drilling generated extraordinary high-grade intersections. The Zuleika and Credo areas are adjacent to a number of producing gold mines operated by Northern Star, Evolution and Zijin.

Zuleika Gold has the rights to earn up to 80% in two tenements covering an area of ~400 km² north of Kalgoorlie in the gold mining centres of Goongarrie and Menzies.  Exploration and drilling have commenced with a number of targets remaining to be tested.

Zuleika Gold has the right to earn 50% in the K2 Mine under a binding farm-in joint venture agreement with Vango Mining Limited (ASX:VAN), for the expenditure of up to $3M on pre-development expenditure. The K2 Mine has a 1.4km developed decline to the ore blocks and contains Resources of 107,000 ounces at 8.9 g/t Au which includes 67,000 ounces at 10.9 g/t. A legal dispute between the parties is pending resolution and it is hoped this will facilitate development of this high-potential mining operation.