The Comapny is the 100% owner of Mulgabbie North and the Particia Project, which together cover a strike length of 10km of greenstone belt geology in the Norseman-Wiluna Greenstone Belt, one of the richest and most prolific gold-producing camps in Australia.
OzAurum’s tenement portfolio sits in the shadow of Saracen Mineral Holdings’ (ASX:SAR) Carosue Dam gold mine about 100km northeast of Kalgoorlie, a region that has been the subject of considerable greenfields exploration. The Carosue Dam mill has produced some 1.5 Million ounces so far from 24 million tonnes of ore.
Other notable explorers in the area include St Barbara (ASX:SBM), Breaker Resources (ASX:BRB) and Apollo Consolidated (ASX:AOP).