Projects: Overview

Syndicated's main projects lie in the renowned Mount Isa mineral province in Northwest Queensland and are prospective for base metals, gold and uranium. The tenements contain targets ranging from advanced projects, with resources of copper, molybdenum, gold and rhenium, to more early stage conceptual targets.

Syndicated's Mount Remarkable project is located northeast of Mount Isa and contains copper-gold, zinc-lead and uranium exploration targets. Syndicated's initial drilling at Mount Remarkable early in 2008 returned ore grade copper intercepts at the Barbara prospect and following further drilling the maiden copper-gold resource containing an estimated 38,000 tonnes of copper was announced in October 2008. Drilling in 2009 outlined a new deposit 400 metres to the north. There is substantial potential to expand these copper resources with further drilling and an aggressive drilling program is planned for 2010 at Barbara and a number of other proximal targets.

The Company's other key asset in this region is its interest in the advanced Kalman South molybdenum-copper-rhenium-gold deposit, situated about 60km southeast of Mount Isa within EPM13870. The project is being explored by Syndicated's joint venture partner, Kings Minerals NL. Kings has completed sufficient expenditure to earn a 51% interest in EPM 13870 and can earn up to a 70% interest by completing a final feasibility study by May 2012.

The Company's Exmouth tenements, located approximately 1000km north of Perth in Western Australia, are considered prospective for base metals and silver mineralisation as well as uranium mineralisation similar to the Manyingee deposit located some 100km to the northeast. Phosphate potential has been identified at the Exmouth project and selected tenements in the Georgina Basin in Northwest Queensland have been added to expand the phosphate portfolio.