Audalia Resources (ACP)

Shares / Stock Code

ACP

Stock Exchange / Sharemarket

ax

Audalia Resources (ACP) is a base metal exploration company with ground holdings in the Gascoyne Region of Western Australia. Its exploration tenements cover over 335 square kilometers with lead, zinc and copper minerals. The Gascoyne Project is located approximately 100 kilometers north of Gascoyne Junction east of the Lyons River and tributaries. The tenements consist of three granted exploration licenses and two exploration tenement applications. The total area occupied by the tenements, including applications, is 108 blocks. As of May 6, 2011, the company had entered into a tenement sale agreement, dated November 16, 2010, to acquire three mining tenements (Kingsfield Tenements) from Kingsfield Pty Ltd. The company has also made applications for the additional exploration licenses in the area adjacent to the Kingsfield Tenements.