An agreement with Murchison Resources Pty Ltd gives Kingsgate the right to acquire a 90% interest by making payments totalling about $150,000.

A geological interpretation for the Blue Dam Project has identified a folded magnetic unit, which is truncated by the Kanowna Shear, and which also lies adjacent to a magnetic syenite intrusive. This target lies beneath lake sediments and is untested by drilling. Planned evaluation will involve aircore drilling using a track mounted drill rig.