The Company's Nagambie, Rushworth, Redcastle and part of the Heathcote tenements are located within the Melbourne Zone of the Lachlan Fold Belt and have affinities with Carlin-style gold mineralisation.

The Castlemaine, Taradale and part of the Heathcote tenements are located within the Bendigo Zone and while they exhibit mineralisation styles synonymous with the fault/reef quartz gold mineralisation style of the zone, the tenements also contain gold mineralisation similar to that seen in the Melbourne Zone. The Wedderburn Project areas are located in the Stawell Zone and are to be explored for sediment hosted fine-grained gold-in-sulphides that Panaegis believes has not been targeted by previous explorers. The Howqua tenements are located within the mineralised margin between the Melbourne and Tabberabbera Zones.

All prospect areas are located within established Victorian Goldfields and well positioned relative to areas of concentrated past gold production.