Future of SMD, page-11

The clue is in this part of the 28/10 Ann - my colouring!

"Identifying new resource assets and project opportunities outside of North Queensland with the potential to create value for Syndicated shareholders, including projects where the Company can leverage the experience and contact network of its Board of Directors.

It should be noted that CopperChem’s support of this strategy is conditional on any new opportunities being consistent with CopperChem’s corporate and strategic objectives, and each asset or opportunity will be assessed on a case-by-case basis.

Syndicated remains open-minded about which assets and opportunities it will pursue, but its preference is for advanced, high quality Australian gold and/or base metals resource assets."

Know your board members! Read up about them on the website. The ann says that it wants to leverage their experience and networks. This is a guess, but the Bryah and Yerrida Basins in WA might be a place of interest. That is where there is BoD experience and that is where there is copper and gold, and much of it is unexplored or underexplored.