Hack Well Project

The Hack Well Project consists of a large exploration licence (E 38/2945) located 40 km south of Laverton. The project is located in the central part of the highly prospective Laverton Tectonic Zone (‘LTZ’) and in proximity to world class, multimillion ounce gold mines including Sunrise Dam and Granny Smith.

Australian Potash’s Hack Well project was formerly part of the Barnicoat project (held by Barrick PD Australia Limited) which included the Kerringal and Jubilee gold mines (Hack Well tenure envelops the Jubilee gold mining lease). The Keringal and Jubilee mines have previously produced over 0.5 Moz of gold.

The project captures favourable rocktypes (mafic-ultramafic types) and north and north north east trending structures which are interpreted to be closely associated to mineralisation at Keringal and Jubilee.

A review of historic drilling has revealed a number of significant gold intercepts including:

JBR427 – 4m @ 4.60 g/t Au from 36m

WDR041 -3m @ 1.15 g/t Au from 34m

JBR415 -4m @ 1.60 g/t Au from 48m

JBR230 -12m @ 0.50 g/t Au from 20m

The majority of the significant gold intercepts appear to remain open along trend and at depth.

Gold drill targeting is currently being finalised and a drill campaign is planned for the 2017 field season.

Figure 1. Hack Well Historic Drill Plan

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