Prosperity Resources Ltd operates in the Gold ores sector. Prosperity Resources Limited is an Australia-based company engaged in mineral exploration in Australia and Indonesia with emphasis on strategic and precious metals. During the fiscal year ended June 30, 2011 (fiscal 2011), the Company's exploration was on the Aceh Project in Indonesia, in which it holds 410 square kilometers of contiguous land package with 60 kilometers of strike length to the west of the Sumatra fault in South Aceh. The Aceh Project has several prospective targets with eight porphyry intrusive centers identified, and the main focus for fiscal 2011 had been on Mutiara and Panton Luas. The Company completed the first ever drilling program at the Panton Luas Prospect during fiscal 2011. The program was designed to test beneath magnetic anomalism related to hydrothermal magnetite alteration and a zone of gold bearing chlorite-sericite-silica-pyrite alteration. The Company operates in two geographical segments: Australia and Indonesia.