On behalf of the Board of Directors it is my pleasure to offer you the opportunity to become a
Shareholder of XS Resources Limited (Company or XS Resources).
The Company is a recently incorporated mineral exploration company focussed on delivering
shareholder value through the identification, development and acquisition of mineral exploration
properties across the precious metals, base metals and the industrial metals spectrum.
As detailed in this Prospectus, subject to the terms and conditions of the SOC1 Option Agreement
and the Sugec Option Agreement, the Company will acquire two exploration licences over an area
of 84km2 located approximately 40 kilometres directly south-east of the regional centre of Armidale
in northern New South Wales, referred to as the Halls Peak Project. In addition, subject to the
terms and conditions of the Spanish River Acquisition Agreement, the Company will acquire
thirteen (13) unpatented single cell mining claims and two (2) unpatented boundary mining claims
over an area of 2.97km2 near the township of Baldwin in Ontario, Canada referred to as the Spanish
River Project (together the Projects).
The core strategy of the Company is to advance the Projects and undertake further exploratory
activities focusing on the Gibsons Prospect at Halls Peak and around an historic mine at Spanish
High grade zinc, silver, copper and lead mineralisation occur at several prospect areas within Halls
Peak with the Gibsons Prospect being the main focus of historic (and recent) drilling which
confirmed the existence of high-grade base metals mineralisation, but which remains largely
undefined and requires further drilling to determine the mineralisation geometry, size and grade
Drill hole logs from historic drilling on the Spanish River Project indicate mineralisation is dominated
by chalcopyrite, pyrrhotite and pyrite associated with siliceous alteration and quartz veining.
The Company, by way of this Prospectus, is offering 22,500,000 Shares at $0.20 per Share to raise
$4,500,000 (before costs and expenses) (Offer).
The Board will also consider new projects and opportunistic acquisitions in the resources sector
which complement the Projects and that can enhance Shareholder value. The Board of the
Company includes Directors with experience in the resources industry and especially in costeffective exploration and project development.
This Prospectus provides detailed information regarding the Offer, the Company’s assets, the
Company’s proposed activities following listing on the ASX and the risk factors associated with
investing in the Company. A summary of these key risks is included in Section 1.2.
I recommend that you read this Prospectus in its entirety prior to making a decision to invest in the
Company. On behalf of the Board, I look forward to you joining us as a Shareholder and sharing in
what we believe are exciting and prospective times ahead for the Company.