Korab Resources Limited is an Australia-based international mining and exploration company. The principal activities of the Company consist of mineral exploration and the evaluation of mineral properties. The Company holds interests in various properties, such as the Winchester magnesite project, the Sundance gold mine, the Bobrikovo gold and silver mine, Ashburton Downs, Geolsec and Batchelor. The Ashburton Downs project focuses on copper and gold and is located in the Ashburton Basin approximately 20 kilometers south of Paraburdoo. The Ashburton Downs project covers Green Elephant Complex consisting of North Mount Elephant, Green Elephant, East Elephant and Mount Elephant. The Bobrikovo gold and silver mine is located in in the Luhansk (Lugansk) Province in Eastern Ukraine. The Sundance gold mine is located near the town of Batchelor, just south of Darwin.