Koolgarra Mining Pty Ltd (“Koolgarra”) is a Mineral Exploration and Mining Development company with exclusive rights to explore and develop a 325 square kilometre site located in a mineral rich area of Central North Queensland, Australia. The O’Brien Gemstone Fossicking area is adjacent to the Koolgarra site, as is the western edge of the Undara Lava flow. 

The Koolgarra site is situated 250 kilometres inland from the tropical north coast of Queensland midway in-between Townsville and Cairns, and lies 38 kms North East of Georgetown, 65kms North West of Mount Surprise, and 75 kms North of Einasleigh. The mineral exploration leases cover a northern portion of the ancient Palaeoproterozoic Georgetown Inlier and are traversed in a north westerly direction by a 25 kms long ancient Paleochannel. Basement rocks some 2000 million years old underlie the region.  Mineralization and geological structure is similar to that of Mount Isa and Broken Hill.

There are several Uranium mines nearby and extensive Uranium exploration is currently taking place in the region.  Koolgarra has a 20 km mutual border adjoining the Mega Uranium site. Mega announced significant indicative Uranium finds in April 2007. BHP Billiton and Western Metals established a Joint Venture in February 2007 to explore for Uranium, Gold, and Silver-Lead-Zinc deposits, as well as the Mt Isa style copper mineralisation in a large area approximately 120 kms South of Koolgarra.

Airborne radiometric and magnetic geological surveys for Uranium, conducted in March 2007, have confirmed several indicative Uranium style anomalies on the Western perimeter of the Koolgarra site.  Further ground based testing is required.

The Zinifex operated Kagara and Mungara Zinc (some of Australia’s richest Zinc deposits) mines are approximately 30 kms Northeast of Koolgarra.

There is a long history of mining valuable base metal minerals and precious and semi-precious gemstones on or near the Koolgarra site by previous mineral exploration companies that have explored this remote area. Tin and copper mines were first established in the 1850’s. Small-scale alluvial mining operations have recovered diamonds, gold, silver, tin, titanium, and tungsten, molybdenum, copper, zinc and semi-precious gemstones. Diamonds finds have been regularly reported from the area, as well as sapphires, topaz, garnets, agates and chrysoprase.  Diamond recoveries were mainly recorded during tin mining operations.     

In 1994 Boral Limited commissioned a geological ground appraisal that established proven reserves of quartz pebbles that have analysed at 98%+ Silica.  The reserve calculations were based on results from 170 test pits for a proven volume of 3,478,200 tonnes of insitu siliceous pebbles then valued at $2.6 Billion dollars.  These reserves remain relatively untouched.

Koolgarra management operations plan to complete a full geological survey of the entire site to establish and quantify proven reserves of base metal minerals and gemstones. Modern geological technologies, both airborne and ground based, as well as extensive test drilling will be utilized. Testing methods will be aimed at locating quality mineralization targets that may lead to significant larger finds. These methods will also include systematic sampling and mapping of key heavy mineral distributions, including Uranium, Gold, Zinc, Copper, cassiterite, titanium group minerals, zircon, garnets and gem minerals.

Koolgarra believes there is an excellent potential to recover commercially viable quantities of valuable minerals.