Conquest Mining

Joint Venture Agreement with Gold Fields

July 2007

Azure was appointed by Conquest as lead adviser to assist in discussions with a transaction with certain significant gold producers. Azure led the negotiation with the result that Gold Fields is required to drill 150,000 metres within three years in order to earn 51% of the wider Mt Carlton area excluding the current area of focus.

The transaction removes all the exploration risk for Conquest allowing the company to pursue a dual path of becoming a producer, via development of Silver Hill, whilst retaining the ability to aggressively explore the wider Mt Carlton area.