MULWARRIE PROJECT

Labyrinth has acquired Mulwarrie for the exceptional high grade growth potential historically constrained by tenure

  • Labyrinth acquired 100% of the Mulwarrie Gold Project located in the Eastern Goldfields, 10km from Ora Banda infrastructure and 55km from Comet Vale, from Genesis Minerals
  • Labyrinth becomes the first owner to consolidate the wider Mulwarrie Gold Project
  • The Acquisition comprises two contiguous granted mining leases M30/119 and M30/145
  • Mulwarrie has a shallow JORC compliant Mineral Resource of 881kt at 2.8g/t Au for 79koz 1
  • Upfront consideration of $3.75 million settled via the issue of ~17.86 million fully-paid Labyrinth shares valued at $0.21 per share, with a $1.0 million milestone cash payment upon first commercial production from the Tenements
  • The Acquisition will see Genesis become a strategic substantial holder in the Company with ~7% 2

Multiple high grade opportunities

Labyrinth has secured tenements that surround the western boundary of Mulwarrie Central from Olympio Metals Limited via a call option.

The Company is excited to test extensions to historical drill intercepts such as:

  • 5 m @ 95.3 g/t Au from 73 m incl. 2 m @ 202 g/t Au (17MWRC008)
  • 5 m @ 26.4 g/t Au from 72 m, incl. 1 m @ 105 g/t Au (17MWRC047)
  • 9m @ 15.6 g/t Au from 52 m, incl. 1 m @ 97 g/t Au (17MWRC010)
  • 10.5m @ 16.3 g/t Au from 63 m (17MWDD001)
  • 7 m @ 22.6 g/t Au from 97 m, incl. 1 m @ 134 g/t Au (17MWRC019)
  • 14 m @ 12.7 g/t Au from 122 m (17MWRC097)
  • 9 m @ 13.3 g/t Au from 176 m (17MWRC108)

1. ASX Announcement 13 November 2018 – Bardoc Gold – 2.6Moz JORC Resource for Bardoc Gold Project

2. Assuming Completion of the Mulwarrie Acquisition and $19.5m Placement