ADVANCED STAGE GOLD-COPPER EXPLORATION

THE NEXT MAJOR DISCOVERY IN THE LACHLAN FOLD BELT?

Burrendong holds the rights to acquire up to a 75% interest in the Commonwealth Mine and associated tenements from Impact Minerals Limited (ASX:IPT). These tenements are highly prospective for large gold, silver, and base metals deposits.

Project Overview:

Burrendong Minerals is an advanced Cu-Au-Ag explorer in the Lachlan Fold Belt, (LFB) NSW with three JORC (2012) resource Projects on 675 sq km over 7 tenements (mostly contiguous).

1. Commonwealth Mine 70.8 K oz Au ,1.3 M oz Ag (up to 75%)
2. Silica Hill 18 K oz Au, 2 M oz Ag (up to 75%)
3. Galwadgere 29.5 Kt Cu, 31 K oz Au (100%)

• High grades, shallow depths, lots of “Blue Sky” exploration potential
• Drill Ready Projects, Land Access & Native Title matters solved
• Excellent local Infrastructure, power, roads, skilled labour
• Very attractive valuation  - IPO Enterprise Value ~$4.66m
• IPO planned for December 2024

IPO Offer:

• Offer opens 31/10/2024
• Raising $5m (min) - $6m (max) @ 20c + 1:2 option
• Very attractive pricing
• IPO EV $4.66m
• IPO planned Q4 2024
• 12.5% cornerstone ASX:IPT