LEX has applied for two exploration licences and 18 prospecting licences in the Central Murchison region covering an area of 134km2. Three tenement areas considered prospective for gold have been defined, Big Bell South, Fleece Pool and Austin.

The Big Bell South tenement covers the projected extension of the Big Bell Shear south west from the Big Bell Gold deposit, where the greenstone belt narrows and continues under cover. Both the Fleece Pool and Austin tenement areas fall within the Cue Mineral District and are prospective for gold given
their proximity to the Cuddingwarra Gold Mining Centre and similar sequence of host rocks.

Upon grant, the Company intends to conduct a programme of geological reconnaissance mapping and rock chip sampling in the first instance.

Murchison Project – Tenement Location and Regional Geology