Exploration

Mt Mundy

Excellent potential in a good address with limited modern exploration
Mt Mundy is located 100 kilometres northeast of WMC Resources Limited's Leinster Nickel Operations within the North Eastern Goldfields Region of Western Australia. The project is comprised of one exploration licence in which White Energy holds a 100% interest. White Energy Mining SitesThe project has been subjected to only limited modern exploration, however, previous drilling directly adjacent to the tenement area has intersected nickel sulphide mineralisation grading up to 1.3% Ni as well as highly anomalous platinum and palladium assays.

White Energy intends to implement an exploration program which will include data collation, geological mapping, magnetic and geochemistry programmes followed by an electromagnetic survey over rock units prospective for nickel sulphides. White Energy intends to drill test any targets defined by this work which are worthy of further investigation.

Joint Venture Agreement with Exco Resources NL at Nanutarra

A prospective exploration project generated by specialist geologists with the possibility for quick, low cost delineation of drill targets
White Energy has entered into an agreement with ASX listed Exco Resources NL, pursuant to which it can earn a 60% equity interest in the Nanutarra Project. The project has been generated by ex-BHP specialist project generation geologists using state of the art geological and geophysical databases and data manipulation tools using models based on geological features found in various world class nickel sulphide deposits such as Jinchuan, Norils'k and Voiseys Bay.

The Nanutarra project is comprised of one granted exploration licence covering 50km2 in the Pilbara Region of Western Australia. Previous work has identified elevated nickel, copper, gold and platinum group element geochemistry in prospective rocks adjacent to a distinct magnetic anomaly. The rock sequences exposed within the Nanutarra tenement satisfy many of the characteristics of the preferred model for magmatic sulphide deposit generation. The project is targeted as a mafic-ultramafic complex having potential for magmatic nickel-copper-PGE mineralisation. WMC Resources previously formed a joint venture with Exco Resources NL to investigate the potential for nickel-copper-PGE mineralisation based on a similar exploration model. WMC Resources withdrew from the joint venture prior to their de-merger and before they were able to perform any substantial work.

White Energy has implemented an exploration program which includes data collation, geological mapping and geochemistry together with an electromagnetic survey over rock units prospective for nickel sulphides. White Energy intends to drill test any targets defined by this work which are worthy of further investigation.

Glen Ayle

The Glen Ayle project is located approximately 200 kilometres north of Wiluna and is comprised of three exploration licence applications. These tenements are 100% owned by White Energy (through its wholly owned subsidiary) and contain a number of discrete magnetic anomalies associated with mafic sills. It is possible that these anomalies represent accumulations of nickel-copper-PGE bearing sulphide minerals either in feeder zones to the sills or in favourable zones within the sills themselves, as found in some of the largest producing nickel deposits. A program of geological, magnetic and electromagnetic surveys and follow-up drilling has been designed to test these magnetic anomalies. This program is currently underway.

Bridgetown

The Bridgetown project is located in the South West Mineral Field, approximately 290 kilometres south west of Perth. The project is comprised of two exploration licence applications 100% owned by White Energy (through its wholly owned subsidiary). Previous work in the area has delineated anomalous geochemical results in rocks which are conducive to nickel, platinum group element and chrome mineralisation. A program of geological, geochemical and geophysical surveys will be carried out over the most prospective rock sequences to target areas for more detailed exploration.

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