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Project History & Rights.

History

The Pebbly Hills Project, (“PHP”) is an advanced stage exploration project that is located between Invercargill and Gore, Southland Province, New Zealand.

The area of interest is in the forested rolling hills of Pebbly Hills, in the Matariki Forest, reaching maximum elevations of approximately 155masl. These elevations are some 95 – 115m above surrounding farm land. The permitted area is forested with radiata pine with three gravel quarries. The quarries are disused and have recently been planted with saplings. The total area is some 2087 hectares.

  • In September 2008, Beca AMEC Limited prepared a Preliminary Economic Assessment (Pre-feasibility study) for Silica Metal Industries (NZ);
  • In March 2011, A Competent Persons Report (CPR) was compiled by Camden Geoserve describing the silica lump project with gold as a by-product;
  • On 6 November 2013, a technical report on gold only was prepared by Peter Camden-Smith and Dr Nicholas Powell based on field visits in August 2013;

Mining Right

The company will initially be mining for Silica.

The mineral rights for the area are owned by the University of Otago (“UoO”) in Dunedin with New Zealand Petroleum and Minerals, (“NZP&M”).

The Company entered into an Option Deed with the UoO on 09 June 2014 in respect of an option to enter into a Royalty Agreement for the exploration, development and utilisation of the Silica for an indefinite period.

Drilling and Exploration

Several sampling campaigns have been undertaken since 1968 by various Companies and Government institutions.

In December 2016 The Company Directors implemented a drill campaign to proof up what Minerals were known to be available in the area. This resulted in a declaration of Indicated Resources for the first time.

Land Use Rights

Rayonier Forests Ltd, an American Company and Matariki Forests New Zealand are the owners of the surface rights for the above area. The Company has an access agreement with Rayonier Matariki to explore the area. The management of Rayonier Matariki has indicated that they would be open to a quarry project on a normal commercial basis.