Maps Murray Basin

The Murray Basin straddles the south-western section of New South Wales, the north-western section of Victoria and the south-eastern portion of South Australia. More than half of the 300,000 km² Murray Basin is now taken up with exploration for heavy minerals.

RZM Pty Ltd/Aberfoyle have proven a high-grade rutile and zircon reserve at Wemen and is proceeding with development in late 1998.

RGC is at an advanced stage of feasibility with its deposit near Ouyen.

Other Tenement Holders:

Craton Resources

Tenements held thriugh subsidiary Basin Minerals N.L. (see map).

Gawler Gold & Mineral Exploration N.L.

Gawler Gold & Mineral Exploration have an 9.7% equity in Bemax Resources(see map).

Golden Triangle Resources

Recently completed an AC drilling program over a potential new western target zone and the main Woolshed mineral sand resource.

Imperial Mining

Imperial has a 25% equity in a JV with peregrine Mineral Sands NL - a Bemax Resources subsidiary.

Platsearch

Platsearch has a JV agreement with Westralian Sands whereby WS can earn an 80% interest over 900 sq.km of tenements south of Broken Hill - on the north-western edge of theMurray Basin.

Redfire Resources

Redfire has applied for 3 EL's covering about 6,000 sq.km near Ivanhoe in NSW - in the north-eastern section of the Murray basin, and 2 EL's in SA - covering the north-western and south-western margins of the basin.

Redfire has recently entered a JV with a private company over a 56 sq km area near Lameroo, SA. The area is 8km west of the recent RGC heavy mineral discovery at the Matilda prospect. Redfire said interpretation of satellite imagery and coloured air-photos indicated a series of strand lines crossing the tenement.

Resource Development Corp

Resource Development Corp entered into an agreement with Steiner Holdings (see map) to acquire a 1005 interest in the murray basin tenements, covering an area of about 20,000 sq.km. The company proposes to raise $10 million through the issue of 50 million shares and then the company name will be changed to Murray Basin Minerals NL.

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