A gold focused IPO timed for late 2011, with Resources and drill-ready prospects in NSW. Drilling is planned to dominate exploration for the first two years after listing to test several targets identified by previous work, including a discovery on the Peel Fault, and the Hobbs deposit at Mt Adrah where there is an Inferred Resource of 239,000oz gold to 120m and the mineralisation is open below 315m.