During Year 6 of the project, on 28/3/2008, Exco entered into a Heads of Agreement with PMS, whereby the latter would be allowed to acquire a 50% interest in the White Dam Gold Project by sole funding the first A$9.6 million of expenditure on the development and construction costs entailed for building the White Dam gold mine. The only new field activity was undertaken by aquaterra Consulting at White Dam, where fractured rock aquifer drilling at six sites and water yield pump testing in July and October 2008 led to installation of a groundwater production bore (T1). In September 2008, Mining Associates Pty Ltd were commissioned by PMS to prepare an independent geologist's report about the exploration potential of the Drew Hill JV project tenements, and to provide comments about the reliability of the gold resource modelling undertaken to date at White Dam and Vertigo. In November 2008, an updated JORC compliant Indicated and Inferred Mineral Resource estimate for the White Dam gold deposit was prepared by PMS, being in total 7594 kt @ 1.03 g/t Au, using a 0.4 g/t Au cut-off, for 251.2 koz of contained gold. In September 2008, Exco and PMS fully surrendered ELs 3136 and 3476, and partially surrendered EL 3257. At this stage, four licences remained in the Drew Hill Project. Subsequent ELs 4199 and 4200 were granted on 10/11/2008, upon the expiry of ELs 3137 and 3138. During Year 7 of the project, Exco and PMS restructured the Drew Hill JV agreement share allocations, whereby PMS acquired a 25% interest in the project and assumed the role of operator of the White Dam gold mine development, while for its share, Exco assumed responsibility for managing exploration on the Drew Hill JV tenement package. On 6/10/2009, Exco and PMS announced that the White Dam gold resource calculated in November 2008 had been re-estimated and increased by ~26.4%, based on infill drilling and detailed grade control drilling located within the stage one pit shell volume. As a result, the upper portion of the resource (the oxide material lying above 130 m RL or ~70 m below surface) had been changed, to become 5.149 Mt @ 1.09 g/t Au, using a 0.4 g/t Au cut-off grade, and had also been reclassified to Indicated category. The resource below 130 RL remained unchanged, as there had been no additional data collected at depth. Construction of the open pit mine at White Dam commenced in the second half of 2009, with first gold production earmarked for April 2010. Field reconnaissance and desktop studies resulted in the advancement of the exploration model for near mine gold targets, and several were programmed to be drill tested during the 2010-2011 field season. During Year 8 of the project, starting in June 2010, the testing of these targets began when a total of 141 holes for 6595 m were drilled, which included infill drilling at the Vertigo deposit (44 x VERTR series holes). 128 exploratory vertical RC holes for 6042 m (WDS01 - 10, WDN01 - 39, AMBE01 - 23, and VG091 - 146) investigated places where sulphidic strata, faults, and surface geochemical gold anomalism occur close to the White Dam processing plant. In December 2010, an additional 13 diamond PQ cored inclined holes for 554 m were drilled at Vertigo, comprising 9 metallurgical sampling holes for 379 m (VGMET01 - 09), and 4 geotechnical data gathering holes for 175 m (VGTECH01 - 04). Prior to this diamond drilling, in two stages between June and November 2010, eight costeans were excavated at Vertigo for near surface bulk sampling for metallurgical testing. The first lot of costeans failed to uncover enough material of a suitable grade for testing the lower main lens, while the upper lens material that was exposed proved to be quite silicified, and so was unsuitable to use for column leach testwork. The later costeaning was more successful, providing bulk samples of good grade from which initial leached gold recoveries made by the time of reporting were said to be encouraging. An amendment was made to the White Dam Mining and Rehabilitation Plan (“MARP”), covering the proposed development of the Vertigo deposit, which was then submitted to PIRSA during the reporting period. Related flora and fauna surveys were also completed during October 2010. A revised resource estimate for Vertigo, based on infill drilling done since the 2007 resource estimate, was announced in January 2011, of 2.5 Mt @ 1.04 g/t Au for 82,000 oz of contained gold. During Year 9 of the project, on 21/10/2011, a binding farm-in agreement was entered into with Olary Iron Limited (Olary Iron), who sought to earn a participating interest in the rights to iron ore and any other comingled minerals that might occur in the Neoproterozoic rocks on ELs 4199 Macdonald Hill and 4533 Drew Hill. Separately, negotiations were underway for a second iron ore joint venture with Havilah Resources NL (Havilah), and a Terms of Agreement was signed on 21/11/2011 for that company to farm into EL 4200 Mingary. Havilah would become entitled to a 75% interest in any mining lease granted over iron ore it discovered, subject to it spending $1.2 million over two years from the date of the agreement. The owners of EL 4200 could then choose to contribute at 25% beyond that time, or dilute their stake and retain a residual royalty. Final contractual agreements were pending at year end, so no on-ground exploration was conducted by Havilah on the licence. Exco and PMS continued their exploratory RC drilling of gold prospective target areas near White Dam and nine others further removed, by commencing another intensive campaign in January 2011 which involved drilling 929 holes for 34,319 m and submitting 22,793 drill cuttings samples for laboratory assaying. 316 of the holes for 6191 m were put in regionally along traverses to scout for shallow oxide gold mineralisation, and promising intercepts were followed up with a further 129 holes for 5655 m. A cluster of gold anomalies were identified, associated with domal to arcuate shaped magnetic bodies adjacent to interpreted fault structures, a setting similar to that seen for White Dam and Vertigo. Resource delineation drilling performed by PMS at White Dam North on MPL 105 comprised 219 holes for 9055 m, and 38 infill holes were put in on ML 6275 at White Dam, aiming to identify possible lode extensions buried east of the Hannaford pit. A small shallowly plunging ore shoot was found, which was later mined. But the ore horizon drilled to the north-east of the pit by an additional 82 holes was shown to be tightly folded and has low grades, so was deemed not to be worth mining. Geological consultant 'Rocks' Carthew was retained by PMS in September-October 2011 to map the mine geology observable in the Hannaford pit at White Dam. Lithology and up to four structural readings were recorded from 1250 DGPS survey - controlled georeference points: structural readings included primary layering (either bedding in sediments or volcanic layering), foliation, folds with plunge and the dip of the axial plane or fold vergence, lineations, faults with sense of movement, slickenslides and joints. The aim here was to place host rock detailed geology from White Dam into a semi-regional context to guide future gold(-copper) exploration strategies for the Drew Hill Project. Olary Iron began its farminee iron ore exploration work in September 2010 by acquiring part of a fixed wing airborne magnetic and radiometric survey to trace the target Braemar iron Formation subcropping within EL 4199. The survey was flown along SW-NE orientated flight lines spaced 100 m apart and using a nominal 30 m ground clearance for the towed magnetometer. This was followed in April 2011 by the drilling of 8 inclined RC holes for 524 m (MH001 - 008) to test magnetic high anomalies. This drilling confirmed that the intensity of magnetic responses seen in the detailed aeromagnetic data correlates well with the iron content of the concealed parts of said unit. A reconnaissance trip was undertaken to visit areas of exposed Braemar Iron Formation, when a total of 222 grab samples were collected and scanned using a portable XRF spectrochemical instrument. The average iron content measured was 20.37% Fe, with most samples being composed of magnetite. The field visit identified a 10 km long magnetic anomaly with outcropping rocks that appeared to contain 100 m wide intervals where multiple samples returned readings of >30% Fe. Further sampling was underway at the time of reporting. During Year 10 of the project, PMS continued to drill regional gold targets, including some deeper IOCG type targets at the Bindarrah prospect in eastern EL 4200, and put in 210 holes for 18,974 m after January 2012, mainly as scout RC holes. 3 inclined diamond cored holes for 892 m (DNM600, 601 and 610) were drilled to assess IOCG mineralisation potential. A fourth, 265 m deep inclined diamond hole (DNM607) was put in to investigate the West Fault at White Dam which bounds the Hannaford pit orebody. In October 2012, 7 samples of magnetic, gold anomalous outcrops located near Dipolar Hill on EL 4533 were examined petrographically by consultant Paul Ashley for PMS, to try to establish exactly where the gold occurs and when it was emplaced in the regional metamorphic history. No particulate gold was observed in any sample, but he speculated that the gold geochemical values were probably associated with syn-metamorphic hydrothermal sulphides, and that they might have been enhanced by supergene oxidation. The Lloyds pit being used to mine the Vertigo gold deposit is located 1.6 km south-southwest of the White Dam gold deposit. Mapping (1: 500 scale) and channel sampling (830 samples) were conducted to collect geological and geochemical information that could be used to improve the exploration model. The southern part of the pit was mapped rather than the northern part, due to unstable ground and blast rock heap - covered faces present in the latter. The assayed gold distribution and rock structural measurements showed that significant mineralisation is stratabound, with high grade pockets formed in intensely albitised biotite gneiss. Grade is also influenced by north-east trending structures expressed by iron-stained quartz veining. The best gold content (10 g/t Au) as revealed by pit wall sampling is associated with fold hinge structures in tightly folded biotite gneiss truncated by perpendicular north-east trending faults and quartz veining. At the beginning of February 2012, a detailed helicopter-borne magnetic and radiometric survey was acquired by PMS over most of ELs 4533, 4321, and 4200; however, it could not be flown over certain places where yellow-footed rock wallabies inhabit low hills within the Bimbowrie Conservation Park, due to objections received beforehand from the SA Department of Environment and Natural Resources. The survey was flown along north-south flight lines 40 m apart, using a 20 m mean sensor height above the ground surface. A regional target assessment was undertaken using the newly acquired high resolution magnetic data, with data modelling performed at selected locations thought to be prospective for IOCG-U style mineralisation. Target “Laura Jane” was identified as the highest priority, being located near the junction of two major crustal scale structures. A number of other anomalies of interest were revealed in the processed magnetic data, which had previously been masked by the strong linear responses of banded iron formations. Havilah started its farm-in activity on EL 4200 in February-March 2012 and in August-October 2012 by drilling 27 inclined RC exploratory holes for 2349 m (GTRC001 - 019, 021 - 024, 040, 042 - 044) to search for iron ore in the south of the tenement near the historic Grants iron quarries, targeting a prominent east-west striking magnetic feature that was thought to represent buried Braemar Iron Formation. Iron mineralisation of economic grades was encountered in every hole, which was highly encouraging. Concurrently, in April 2012, Olary Iron drilled 10 inclined RC holes for 1585 m (12OLRC001 - 010) on EL 4199, and found further indications that thick beds of magnetite-rich rock are likely to occur there. During Years 11 and 12 of the project, no work was done. But early in 2014 the licensees commissioned HDR International, Inc. Australian subsidiary Salva Resources to conduct a third party compilation and prospectivity review of all of the exploration data for the Drew Hill Project area. The outcome was reported in July of that year (and is included herein). HDR|Salva had ranked the prospectivity of gold exploration targets in the White Dam environs, identifying White Dam North, Rolling, White Dam high-grade fault intersection ‘feeder’ shoot, and Vertigo downdip as high potential and high priority targets to drill in the near future. Furthermore, HDR|Salva considered that the Drew Hill tenements generally are also prospective for other commodities such as molybdenum and rhenium, and that work could be done around White Dam and Vertigo to assess this association. During Year 13 of the project, gold exploration activity was limited, in part due to ongoing Native Title negotiations, the resignation of Exco's CEO and appointment of a new CEO, and the consequently reduced exploration expenditure during that period. Regarding farminee's iron ore exploration, no new on-ground work was conduced by Olary Iron on ELs 5727 and 5472, nor was any new work done by Havilah on EL 5393. In April 2015, some resource extension drilling for the White Dam gold deposit was undertaken on MLs 6275 and 6395, when 13 inclined NQ diamond cored holes for 945.5 m were drilled across the Vertigo (7) and White Dam – Hannaford open pit (6) deposits. Their main purpose was to collect samples from key parts of the deposits below currently mined out levels, to investigate the metallurgical performance of remaining mineralisation. Other objectives were improve confidence in the deposit resource model's geological context, and to provide waste rock characterisation data. All of these aims were met. During Year 14 of the project, no work was done by any of the project participants. During the 2017 reporting period, Exco generated a data room for third-parties interested in a potential joint venture, comprising historical and recent data acquisitions. No farminn agreements were agreed to during the reporting period. Through the generation of the data room, a review of EL 5393 was undertaken, and a number of historic iron prospects were identified. During the 2018 reporting period to 9th January 2019 Havilah Resources gained a 100% interest in EL 5393. No field work was undertaken by Exco during the period.