Selkirk Project

Menzies, WA

BML Ventures Pty Limited (BML) has entered into an agreement with Kingwest Resources Limited (KWR) for the mining of the Selkirk Deposit within the Menzies Gold Project in Western Australia. The Selkirk Deposit has a Mineral Resource Estimate (MRE) of 11,500 oz at 2.15g/t Au (0.5 g/t Au cut-off) and is expected to deliver attractive short and medium-term cash inflow to BML. BML will cover all capital costs and be responsible for all mining and haulage, while processing arrangements will be entered into with one of a number of third-party processing plants in the region. Profits will be split 50/50 between BML and KWR.