Australian Minerals Fields' strategy for maximizing shareholder value is to acquire, explore and develop a balanced portfolio of mineral properties of merit in a cost-effective manner that also optimizes the resource value. The Company's initial methodology is to create strategic relationships with highly influential groups in the mining industry in order to establish joint ventures with low initial capital outlay to reach the first exploration decision point. Australian Mineral Fields' acknowledged exploration expertise makes it an attractive partner. This enables the Company to create joint ventures that advance projects cost-effectively while minimizing dilution and retaining a substantial interest in each property. Through such partnerships, the Company enables its shareholders to achieve maximum exposure to future profits while minimizing investment risk in each property. Australian Mineral Fields' strategy in developing projects for a balanced portfolio has a three-pronged approach, namely:

• Near-Term Development Projects. These emphasize rapid testing of targets with a clear and well-defined exploration model, and which can be rapidly progressed to definitive testing using available technologies. Typically these targets have the potential to yield smaller (300,000 to 500,000 ounces) but high-grade style deposits with a greater potential to deliver near-term shareholder value.
• Large Ore Deposit Exploration Targets. These have a mineralization style more likely to require further work to clearly define the targets prior to definitive testing. Typically, these targets have the potential to yield large (greater than 1 million ounces) deposits.
• Conceptual Targets. These substantial and potentially highly productive areas of Western Australia are almost entirely unexplored. The Company intends to use well-defined exploration models to ascertain areas in which innovative exploration techniques can be applied to define early evidence of prospectivity in the potentially world-class terrains of the future.