Parabarana Prospect lies in the north-east corner of Mount Painter Block in the North Flinders Ranges, 100 miles east of Lyndhurst siding. Disseminated copper mineralization with traces of molybdenum occurs in altered acid rocks to form a tabular deposit, dipping at approximately 50 degrees, parallel to the foliation of country rocks of rapakivi granite and metasedimentsand to a shear structure. Mineralization may be of porphyry copper type or may be meta-syngenetic, within the Radium Creek Metamorphics. Mining dates from 1899 with limited production from small quartz-chalcopyrite veins. Recent mapping, I.P. and drilling by North Flinders Mines Ltd. infers 6 000 000 tons- of ore @ 0.9% Cu. The deepest and best diamond drill hole (DD3), shows 117' @ 1.1% Cu which includes 21' at 3.0% Cu. The Company seeks assistance in further proving work and offers Government a 10% equity in return for some 8 000' of drilling. Minimum payable grade for underground mining at Parabarana is estimated to be at least 2 1/2% Cu. Assuming minimum annual production of 500 000 tons and a life of 10 years it is necessary to determine if 5 000 000 tons at this grade could exist.