Accent Resources N.L. - Objectives and Strategies

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Objectives and Strategies

The Company will focus on the search and evaluation of economic iron ore and gold resources in Western Australia and Queensland and look for suitable mineral resource acquisitions. This will include;

Evaluation:
•

a detailed assessment of the resources at Iron Duke and Surprise in the Norseman Project taking into account extensive drilling programs over the last 18 months at Iron Duke to better understand the size and grade of the resource.

Exploration:
• to carry out work on the Company’s Mt Gibson ELA’s to explore for iron ore and further investigate known gold anomalies, when they are granted;
• to carry out additional work to better understand the nature
of the gold mineralisation and to define an economic gold
deposit at its Norseman Project in the short term;
• to aggressively, but economically, explore the Company’s full
portfolio of mining tenements;

Exploitation:
• T Accent Resources

he mining and treatment of ore won from the Company’s tenements be it through a treatment plant purchased by the Company or in an agreement with another company.

Expansion:
• To grow the Company’s portfolio of mineral resources and prospective tenement areas, enter into joint venture opportunities, investigate merger of interests beneficial to the Company, and investigate investment opportunities in related areas on interest. The Company will at all times seek to maximise the use of capital to enhance shareholder wealth.

To achieve these objectives, the Company intends to implement a focused and comprehensive exploration program aimed at identifying commercial targets and developing existing and future opportunities within Australia. Accent intends to continually monitor its exploration program to ensure that it adopts the most efficient and cost-effective approach following ongoing review of the results of each stage of each program. The Company will target mineralisation that has the prospect of satisfying the Company’s objectives for profitable and long life mining projects.

Accent Resources NL also intends to review any acquisition opportunities that may further advance the Company’s objectives. Particularly, it will endeavour to establish a resource of sufficient magnitude to warrant either acquiring additional known resources in the close proximity to Norseman Project or to jointly treat several resources through a joint venture processing plant.

The Corporate Strategy of Accent Resources NL is to maximise the use of capital to enhance shareholder wealth through the following initiatives:

To aggressively, but economically, explore the Company’s portfolio of Tenements, currently under option from Tantalum Australia NL (TANL);
To define iron ore and gold resources that can be economically extracted by suitable mining and metallurgical processes;
The Mount Gibson Exploration Licence Applications (“ELA’s”) are in the process of being granted. When they are granted we will re-assign exploration expenditure in accordance with the schedule in section 5.3 and conduct a drilling program at the company’s Mt Gibson ELA’s to test for strike extensions of known iron ore deposits held by Mt Gibson Iron Ltd. The focus on iron ore is to take advantage of the increasing demand driven by the economic growth of China. The Directors are confident that the applications will be granted when the procedural process is complete and expect to have the EL’s granted by the third quarter of 2005;
A detailed assessment of the results at Iron Duke and Surprise parts of the Norseman Project taking into account extensive drilling programs over the last 18 months at Iron Duke, to better understand the size and grade of the potential resource;
To carry out additional drilling and metallurgical bench test work to better understand the nature of the gold mineralisation with the aim of establishing an economic gold deposit at its Norseman Project;
To grow the Company’s portfolio of mineral resources and prospective tenement areas, enter into joint venture opportunities, investigate merger of interests beneficial to the Company, and investigate investment opportunities in related areas of interest.
$1.5 million of the Offer (7,500,000 Shares) already placed.

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