The Wabag Project (“Wabag” or “the Project”) is located within the Highlands region of PNG, one of the most highly endowed gold provinces globally which hosts major operations including the ~16 Moz Ok Tedi Mine, the ~28 Moz Porgera Mine, the ~20 Moz Frieda River Project and the ~20 Moz Wa /Golpu Project - results of work to date have highlighted the prospectivity of Wabag.

We identify stocks based upon factors that include attractive valuation, competent management team, outcomes of strategic reviews other assorted near term catalysts. Given the above I have picked 5 stocks with market capitalisations all under AUD$100m that look interesting currently.

This is our inaugural Resources Bluebook which contains company profiles with IIR Independent view on companies. Also contains IIR Commodity Outlook.

Our valuation range of $0.042-$0.086/share is based on shares diluted for conversion of the $0.01471 options, which have an expiry date of December 31, 2017 - this does not include any value for the significant downstream sales potential we see.

WPG Resources (“WPG” or “the Company”) has recently re-commenced production at its 100% owned Challenger Gold Mine (“Challenger”) in the Gawler Craton of South Australia – the planned operation includes sourcing ore from both Challenger and the Tarcoola Gold Project