Paterson Resources Limited is an Australia-based mineral exploration company. The Company is engaged in Grace Project. The Company’s Grace Project area is located approximately 25-kilometer(km) southeast of the Telfer gold mine and consists of a sub-greenschist facies regional stratigraphic sequence of quartz rich sandstones and interbedded siltstone/dolomite units of the Malu and Isdell Formations. The Grace Project is comprised of prospecting licences P45/2905-2909, exploration licences E45/4524 and E45/5130. The Company’s project also includes Burraga Copper-Gold Project located in the mineral province of the East Lachlan Fold Belt in central western New South Wales, consists of four exploration licences, which includes EL6463, EL6874, EL7975 and EL8826 covering a total area of approximately 221 kilometer(km). It also includes Pilbara Gold Project, which consists of four exploration licences in the Pilbara.