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CRB – Carbine Resources Ltd

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Carbine Resources Limited is an Australia-based company, which is engaged in the due diligence, acquisition, exploration, and evaluation of the Muchea West Silica Sand Project in Western Australia. The Muchea West Silica Sand Project is located approximately 40 kilometers (km) north-northeast of Perth and approximately 500 meters (m) to the west of Muchea. The Muchea West Silica Sand Project covers a land area of approximately 102 square kilometers and consists of a single granted exploration license, E70/4905. The project is underlain by the Bassendean Sand Formation, which extends over large areas of the Swan Coastal Plains of the Perth Basin from about 23 km north of Jurien, to about 15 km southwest of Busselton. The Company’s subsidiary is Australian United Silica Corporation Pty Ltd (Ausco).

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