Dampier Gold Limited

Mining

Dampier Gold Limited is a gold exploration and mining company with one mine development project and four major exploration projects. The mine development project is under a binding farm-in Joint Venture with Vango Mining Limited (ASX:VAN) covering the partially developed K2 Gold Mine adjacent to the Plutonic Mine in the East Murchison Goldfields north of Meekatharra, in Western Australia. The K2 Underground Mine includes an existing 1.4km decline to the ore blocks developed by Resolute Mining Limited (ASX:RSG). For K2, Dampier has the right to earn a 50% interest in the project for the expenditure on development of the mine, up to a maximum of A$3M with further contributions thereafter on a pro-rata (50:50) basis.