The Twin Peaks deposit is located approximately 12.5km to the north of the Carosue Dam processing facility.

Saracen has been unable to drill at the highly prospective Twin Peaks deposit since it acquired ownership of the Carosue Dam assets in 2006 due to constraints deriving from heritage issues associated with the Lake Rebecca exclusion zone.

Saracen has been working through a section 18 application with the DIA and has recently been granted access to explore on these tenements. A drill program targeting the down dip extension of the known resource has been planned and is due to be executed during the September quarter.

Twin Peaks was mined as an open pit in 2002-03. The high grade mineralisation remains open at depth and diamond drilling will target extensions to resources to enable underground mine planning to commence.

^{View of Twin Peaks pit with proposed diamond drilling and conceptual underground design}