The group's principle activity is to operate mineral exploration with an inventory of gold assets primarily within the State of Nevada. Metallic controls two pre-feasibility projects, Converse and Goldfield, and eight exploration projects. The group's current combined resource base is 5.96 million measured and indicated ounces of gold, 0.84 million inferred ounces of gold and 17 million ounces of silver. Metallic is well funded and currently focused on advancing Converse and Goldfield through scoping and feasibility studies and seek joint venture partners. The exploration projects are located within prolific Nevada trends and have the potential for new gold discoveries. Metallic has entered into Exploration and Option Agreements with Geologix (U.S.) Inc. on the Scraper Springs Project, and with Royal Standard Minerals, Inc. on the Mustang Canyon Project.
