AML´s Havelock Project comprises granted exploration licences E53/1130, E53/1260 and E53/1374, together with granted prospecting licences P53/1490 to P/1492. These tenements cover approximately 133 square kilometres and are located 35km northwest of Wiluna in central Western Australia and approximately 250 kilomtres southeast of AML’s Abra deposit. The project surrounds the Magellan lead mine, which is owned and operated by Ivernia Inc. of Canada.

At the Magellan mine, lead mineralisation is present as lead oxide and sulphate minerals in an outlier of weathered Proterozoic rocks. These rocks have been widely interpreted as correlating with a younger basin (the Yelma Formation of the Earaheedy Basin). Additional lead mineralisation has been identified by Ivernia within a similar mesa outlier at Cortez Prospect. AML understands that the source for metal that contributed to the Magellan deposit remains unresolved, but that limited geochemical data suggests an association with carbonate-hosted Mississippi Valley style lead-zinc mineralisation (MVT-style, such as occurs at Teck Cominco’s Lennard Shelf project).

The Havelock project is at an early stage of investigation. Nevertheless, the project surrounds a major lead mine and there is considerable potential for extensions to the Magellan mineralisation and unrecognised positions of Yelma Formation under Recent sediments.  Also uncertainty in geological mapping and drill logging suggests the potential for units mapped as the Bubble Well Member in the project area to host lead mineralisation in identical settings to the Magellan deposits.  There is good potential for additional Yelma Formation and, therefore, associated mineralisation in the south and southwest of the Havelock Project Area.

Airborne magnetic and radiometric surveys were flown in January 2007. A first pass NITON soil geochemistry programme was partly completed in 2008 and delineated a number of lead anomalies within E53/1130 and E53/1260. In 2009 the first pass NITON survey and 1:20,000 geological mapping was completed over the remainder of E53/1260 and most of the recently granted E53/1374. There were no new significant anomalies identified in E53/1374 but some additional Pb anomalies identified in the north-east of E52/1260.