Mandalong Resources Limited (MDD) has entered into an agreement pursuant to which it has acquired initial 20% interest in the Bethanga Project (Acquisition Agreement). The Bethanga Project is located in north eastern Victoria, approximately 15 kilometres east of Albury. Pursuant to the Acquisition Agreement, the Company has the right to earn a further 70% interest (for a total 90% interest) in the Bethanga Project.

The Company proposes to complete geological mapping and surface sampling, followed by a mix of geophysical surveys and aircore/RC drilling to test known targets as well as anomalies defined through the geophysical surveys.