Pegasus Metals Limited is an Australia-based company engaged in exploration for mineral resources. The Company�s focused remained on exploration for copper at McLarty Range (Kimberley, Western Australia) and at Mt Mulcahy (Murchison, Western Australia). The McLarty Range Copper Project is located some 250 kilometer north-east of Broome and 110 kilometer north of Derby. The Mt Mulcahy VMS Copper Project is located 50km north of Cue in the Murchison Region of Western Australia. The Company focuses to acquire 100% interest in the tenements, which comprise the Mt Mulcahy Project, EL 20/422 and ELA 20/764, from private company Black Raven Mining Pty Ltd (BRM). The Durack Range Project area is located approximately 160 kilometers south west of Kununurra.