Three new projects were acquired during the second half of 2011 to provide Power Resources with a Western Australian focus. The portfolio comprises ground prospective for a number of different commodities:

• The Menzies Lakes project is prospective for calcrete-hosted uranium mineralisation.
• The Linden (Good Hope) project is prospective for gold mineralisation and covers historical workings.
• The Pelt Well project in the north is prospective for a number of commodities, principally gold, tin and tantalum.