Prospectivity

Previous Exploration

Historic exploration included mostly regional geophysical surveys, remote sensing, reconnaissance mapping and rock chip and stream sediment sampling. The degree of exploration varied between the tenement areas with Bakers Blue (EPM27613) remaining largely unexplored due to its poor accessibility. Drilling was limited to the Pom-Pom tungsten deposit where Australian Industrial Minerals Pty Ltd completed some cored holes in 2007.

Planned Exploration

Lukin will focus expenditure on the most prospective tenements and plans the following exploration activities over the two year period post-listing:

• Primary: Explore for Wolfram Camp style mineralised systems at the Carbonate Creek permit area.
• Secondary: Desktop analysis of historic exploration at the Mt Carbine Southern, Watershed East and Baker’s Blue permit areas with a focus on Watershed and Mt Carbine style W-Sn-Mo mineralisation.