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Prosperity Resources Limited is a Western Australian based
gold-copper explorer listed on the Australian Stock Exchange ('PSP').
The Company's initial objective is to explore and
evaluate its existing mining tenements located in the Murchison Province
in the mid-west of Western Australia and its iron oxide copper gold
uranium 'IOCGU' mineral tenements in the Tennant Creek Goldfield,
Northern Territory
The Murchison Province is host to vein-shear type
gold deposits, which together have produced over 8 million ounces of
gold. The Company's interest is in the Yalgoo-Singleton greenstone belt,
with a focus in two major areas: the Mt Gibson Project Area and the Yalgoo Project
Area.
The Company has interests in the Paynes Find and
Mt
Gibson Project areas, located south east of Geraldton, Western
Australia. These project areas predominantly contain banded iron
formation 'BIF' and the company is exploring for iron ore and gold
mineralisation.
The Company also holds over 400km2
of exploration tenure centered about historical mining centre of Yalgoo,
located approximately 200k east of Geraldton, Western Australia.
In addition, the Company has an investment of 10% in the Masuparia
Contract of Work ('COW') in Central Kalimantan, Indonesia. This
COW is located 300 kms west from the port city of Balikpapan and 180 kms
north of the capital Palangkaraya. The project covers some 335 km2
of Tertiary-aged
felsic volcanics, sediments and intrusives, including porphyries. Within
this highly prospective geological belt, both the Kelian (7Moz gold) and
the Mt. Muro (1.3 Moz gold, 25 Moz silver) mines are located.
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