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AERIS RESOURCES LIMITED Capital/Financing Update 2011

Mar 15, 2011

64347_rns_2011-03-15_012d577e-4afc-431d-bc6e-dea186374351.pdf

Capital/Financing Update

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16 March 2011

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Straits

ASX RELEASE

STRAITS RESOURCES LIMITED (ASX: SRQ)

Exploration and resource update of the Mt Muro epithermal gold and silver project

Straits Resources Limited (SRQ) is pleased to present the following market update on the 100% owned Mt Muro mine operated by Indo Muro Kencana (IMK) in central Kalimantan, Indonesia.

Key Points

  • JORC compliant resource upgrade of 657 Koz AuEq , an increase of 56%. The total resource base has increased to 1.83 Moz AuEq in all categories, including 1.27 Moz AuEq in the Indicated category (Table 1).

  • Resource modelling has been independently undertaken by Cube Consulting Pty Ltd.

  • New resources are close to existing mine infrastructure and potentially amenable to open pit mining.

  • New reserve calculation at Mt Muro to be completed in the June 2011 quarter.

  • New resources only include drill intersections to November 2010. Significant intersections since then with drilling at Serujan and Bantian continuing to intersect mineralisation outside the resource envelope (Appendix 2,3 & 7).

  • The cumulative strike length of the “fertile” vein systems is at least 8km with numerous additional exploration targets outside the defined resources.

  • Resources at Permata, Hulubai and Kerikil define a substantial “project pipeline” within the Mt Muro volcanic complex.

  • Drilling continues with further increases in reserves & resources expected as a result of continuing exploration activities, pit design work and an aggressive exploration programme over the next 12-18 months.

  • Total historic production combined with current resources for the Mt Muro Volcanic complex are in excess of 4 Moz AuEq, establishing Mt Muro as a significant epithermal province. (Appendix 1).

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Table 1: Mt Muro Resources

Indicated - as at 31 December 2010 Indicated - as at 31 December 2010 Indicated - as at 31 December 2010 Indicated - as at 31 December 2010 Indicated - as at 31 December 2010
Deposit
Cut Off
Gold Eq
Mining
Method
Tonnes
(t)
Gold
(g/t)
Silver
(g/t)
Gold Eq
(g/t)
Gold
(oz)
Silver
(oz)
Gold Eq
(oz)
SERUJAN
0.5
OP
3,700,000
2.4
70
4.0
290,000
8,370,000
471,000
BANTIAN
0.5
OP
2,800,000
1.4
39
2.2
127,000
3,490,000
202,000
HULUBAI
0.5
OP
370,000
3.0
114
5.5
36,000
1,370,000
66,000
PERMATA
0.5
OP
290,000
2.2
91
4.1
20,000
850,000
38,000
KERIKIL
0.5
OP
620,000
2.2
38
3.0
43,000
750,000
59,000
LANGANTIHAN
0.5
OP
1,190,000
1.2
15
1.5
45,000
580,000
58,000
ANAK DUA
0.5
OP
290,000
2.9
29
3.6
27,000
260,000
33,000
SOAN
1.0
UG
770,000
4.2
57
5.4
103,000
1,400,000
134,000
Sub Total Resource
Variable
All
10,030,000
2.1
53
3.3
691,000
17,070,000
1,061,000
Tailings Dam - Stockpile
Variable
Stockpile
7,700,000
0.20
30
0.85
49,000
7,420,000
209,000
Sub Total Indicated
Variable
All
17,730,000
1.30
43
2.23
740,000
24,490,000
1,270,000
Inferred - as at 31 December 2010
Deposit
Cut Off
Gold Eq
Mining
Method
Tonnes
(t)
Gold
(g/t)
Silver
(g/t)
Gold Eq
(g/t)
Gold
(oz)
Silver
(oz)
Gold Eq
(oz)
SERUJAN
0.5
OP
550,000
2.2
55
3.4
40,000
990,000
61,000
BANTIAN
0.5
OP
250,000
2.0
55
3.1
15,000
450,000
25,000
HULUBAI
0.5
OP
270,000
2.9
129
5.7
25,000
1,130,000
49,000
PERMATA
0.5
OP
310,000
3.0
95
5.0
30,000
970,000
51,000
KERIKIL
0.5
OP
690,000
1.6
28
2.1
34,000
610,000
48,000
LANGANTIHAN
0.5
OP
1,930,000
1.3
15
1.6
79,000
900,000
99,000
DUA LUGI
0.5
OP
40,000
9.5
138
12.5
14,000
210,000
19,000
SOAN
1.0
UG
30,000
1.1
30
1.7
1,000
30,000
1,000
SINBAR
1.0
UG
1,280,000
2.1
23
2.6
85,000
930,000
105,000
SINTER
1.0
UG
590,000
2.9
45
3.9
55,000
850,000
74,000
Sub Total Resource
Variable
All
5,940,000
2.0
37
2.8
378,000
7,070,000
532,000
Tailings Dam - Stockpile
Variable
Stockpile
2,000,000
0.10
17
0.47
6,000
1,090,000
29,000
Sub Total Inferred
Variable
All
7,940,000
1.50
32
2.20
384,000
8,160,000
561,000
Mt Muro Total Resource(Indicated + Inferred) - as at 31 December 2010
Total Resource
Variable
All
15,970,000
2.1
47
3.1
1,069,000
24,140,000
1,593,000
Tailings Dam - Stockpile
Variable
Stockpile
9,700,000
0.2
27
0.8
55,000
8,510,000
238,000
Grand Total
Variable
All
25,670,000
1.4
40
2.2
1,124,000
32,650,000
1,831,000
Mt Muro Total Resource - as at 30 June 2010
Total Resource
Variable
All 7,400,000
2.9
48
3.9
690,000 11,420,000
936,000
Tailings Dam - Stockpile
Variable
Stockpile 9,700,000
0.2
27
0.8
55,000 8,510,000
238,000
Grand Total
Variable
All 17,100,000
1.4
36
2.1
745,000 19,930,000
1,174,000

Gold Eq values calculated using a $US1300 and $US28 price ratios (Gold Eq = Gold + Silver/(1300/28)). Gold Equivalent calculations and reported ounces do not have gold and silver recoveries applied. Current and Historical Metallurgical recoveries for Gold range from 90 to 91% and Silver from 65 to 70%. All tonnage, grade and ounce values have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values. See appendix 9 for additional explanation

STRAITS RESOURCES LIMITED

ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Introduction

The Mt Muro deposits are located in central Kalimantan, Indonesia (Figure 1). The epithermal system is a typical high level low sulphidation Au-Ag system. The veins and mineralized breccias are dominated by well developed crustiform to locally colloform banding, interspersed with periodic episodes of vein brecciation. Later stages of deposition in open spaces and fractures include quartz, amethystine, kaolinite and calcite. Typical alteration products include pyrite, illite, chlorite, montmorillonite, carbonate and epidote. Evidence of high level deposition includes carbonized trees and mineralized sediments. Host rocks are dominated by andesite to andesitic breccias. A footwall basalt unit is common for most deposits and in the case of Serujan, a late shallow basalt flow has preserved the vein system at the eastern end.

The major vein systems form a minimum cumulative strike length in the order of 8 km which in many instances remain open at shallow depths with robust grades and widths. In addition, the depth potential of the field, as indicated by Soan, Sinbar and Sinter deposits, drilled to 400m below surface, suggests that the major ore bearing structures have significant potential to continue at depth.

Recent exploration and resource studies have increased the resource base to JORC compliant 1.83 Moz AuEq of which 1.27 Moz is in the indicated category. Current life of mine studies are evaluating a number of production scenarios based upon the current resource upgrade.

The total historic production 2.4 Moz AuEq and current resources 1.8 Moz AuEq brings the current defined resources to 4.2 Moz AuEq (Appendix 1). This establishes Mt Muro as a significant epithermal province. In this context it is clear that Straits Resources is in the early days of fully defining and evaluating the endowment of the mineralised field.

An aggressive systematic exploration programme is planned over the next 12-18 months, drill testing the major open pit projects at shallow depths whilst strategic drill programmes will test the deeper potential of these systems.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 1. Mt Muro location map with project areas.

Serujan Project

The Serujan Project comprises epithermal Au-Ag veins which have been traced along strike over 1500m and 200m down dip. The veins strike east-west and dip 60 degrees to the north and are up to 20m true width. Mining at each end of the structure was undertaken by the previous operator and mining at the eastern end of the pit by IMK (SRQ) has commenced (Figure 2).

Drilling along the full strike length and at depth has defined mineralization to 200m below surface and is open at depth. Geological and resource modelling indicates the development of a significant mineralized system with drilling continuing to intersect mineralization below current pit designs, which are currently being re-optimised and re-designed (Appendix 2, Figures 3 - 5).

The drill data base used in the resource estimations includes drilling by the previous operator and drilling by IMK (SRQ) up until November 2010. Drilling by IMK (SRQ) includes 82 RC (reverse circulation) drill holes for 6,647m and 113 DD (diamond drill) holes for 19,684m. Subsequent to the resource estimation an additional 21 DD holes were completed for 2,839m. Significant results from IMK (SRQ) drilling are highlighted in Table 2 and a full listing of drill holes completed by IMK (SRQ) including a summary of results is included in Appendix 7.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 2. Current exposure of a high grade section of the the Serujan vein in the east wall of the starter pit. The average face grade is 6.2 AuEq (using Ag:Au ratio of 45:1). True width of the vein is approximately 9m.

Table 2: Selected assays from drilling completed on the Serujan project by IMK (SRQ)

Drill hole From
(m)
To
(m)
_Interval
(m)_
_Au_Eqv_
(g/t)
Au
(g/t)
Ag
(g/t)*
CERC042 92 99
7
13.24
8.25
224.6
SCD002 67.2 73.5
6.3
22.23
17.23
225.3
SCD006 78.7 85.2
6.6
28.23
24.16
183.4
SCRC003 152 156.9
4.9
33.34
31.72
73.1
SCRC024 155.2 170.5
15.3
39.53
26
609.2
SCRC037 151.1 171
20
10.3
7.5
126.1
SED022 211.4 232.5
21.1
4.19
2.05
96.1
SED023 126.3 143.9
17.6
5.76
2.68
138.7
SED029 110.9 126.5
15.6
6.52
2.88
164
SERC028 115.6 128.3
12.8
5.33
4.02
58.8
SERC033 137.1 160.9
23.8
6.17
3.12
137.3
SERC034 105.7 110.7
5
15.8
10.46
240.1
SERC043 136.3 164.3
28
6.85
4.07
125.1
SERC044 159.6 171
11.4
19.69
5.39
193.9
SERC046 187.5 211.7
24.2
5.21
2.74
111.3

AuEq equivalence is calculated at 45:1 Ag:Au ratio.* All intervals are down hole. Details of true widths are included in Appendix 7

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Bantian Project

The Bantian project comprises several low sulphidation veins over 2.8km of strike length, which were partially mined to shallow depths by the previous operator. The geometry is dominated by multiple sub parallel vein swarms striking northwest and dipping 40-60 degrees to the west-southwest with vein sets up to 17m true width.

Geological and resource modelling of the full strike length of the Bantian structure indicates significant down dip extensions below the shallow pits, providing the impetus for prioritizing the exploration effort (Appendix 3, Figure 6).

Recent exploration has focused on the northern part of the Bantian structure with significant mineralization intersected below shallow pits and exposed at surface (Appendix 3, Figures 6-9). At this stage approximately 30% of the structure has been tested to a depth of 50m to 100m below surface with exploration drilling ongoing.

The drill data base used in the resource estimations includes drilling by the previous operator and drilling by IMK (SRQ) up until November 2010. Drilling by IMK (SRQ) included in the resource estimates includes 13 DD (diamond drill) holes for 1,352m. Subsequent to the resource estimation 88 RC (reverse circulation) drill holes for 8,254m were completed and significant results are highlighted in Table 3. A full listing of drill holes completed by IMK (SRQ) and summary of results are included in Appendix 7.

Table 3: Selected assays from drilling completed on the Bantian project by IMK (SRQ)

Drill
hole
From
(m)
To
(m)
_Interval
(m)_
_Au_Eqv_
(g/t)
Au
(g/t)
Ag
(g/t)*
BDD004 72.8 87.4
14.6
4.43
3.21
54.8
BDD009 77.45 83.7
6.25
8.61
4.53
183.5
BDD012 74.8 98.9
24.1
4.47
2.87
71.7
BRC008 60 86
26
2.86
1.25
72.3
BRC022 75 83
8
4.56
2.67
85
BRC041 64 72
8
6.76
3.63
141
BRC044 14 41
27
2.83
2.71
5.2
BRC046 97 108
11
6.58
5.9
30.5

AuEq equivalence is calculated at 45:1 Ag:Au ratio.* All intervals are down hole. Details of true widths are included in Appendix 7

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Permata Project

The Permata project consists of low sulphidation veins over 1km with a number of splays, which have been partially mined by a previous operator. Veins have a northerly strike and dip steeply to the west and are up to 10m wide.

Significant results from 2010 drilling indicate a robust and well developed mineralized system below the historic pit (Appendix 4, Figures 10-12). Recent geological modelling and resource estimations indicate significant potential to expand the resource with further drilling. Given the proximity to the plant, the project will form an important part of the Mt Muro “project pipeline” with drilling expected to increase the size of the resource.

The drill data base used in the resource estimations includes drilling by the previous operator and drilling by IMK (SRQ) up until February 2011. Drilling by IMK (SRQ) in the resource estimates includes 18 DD (diamond drill) holes for 2,657m and significant results are highlighted in Table 4. The full listing of drill holes completed by IMK (SRQ) and summary of results are included in Appendix 7.

Table 4: Selected assays from drilling completed on the Permata project by IMK (SRQ)

Drill hole From
(m)
To
(m)
_Interval
(m)_
_Au_Eqv_
(g/t)
Au
(g/t)
Ag
(g/t)*
PMD006 67.25 71.45
4.2
12.17
7.77
198.2
PMD009 105 108.6
3.6
6.31
5.22
48.8
PMRC002 145.7 151.65
5.95
2.48
0.89
71.8
PMRC003 141 151.5
10.5
40.88
25.98
670.1

AuEq equivalence is calculated at 45:1 Ag:Au ratio.* All intervals are down hole. Details of true widths are included in Appendix 7

Hulubai Project

The Hulubai project consists of low sulphidation veins over 1.4km which were partially mined by the previous operator. Veins have a northerly strike are and dip between 90 degrees and 60 degrees to the west and are up to 15m true width.

Recent geological modelling and resource estimations have highlighted a significant resource below the existing pits which is open along strike and at depth in parts (Appendix 5, Figures 1315). A summary of selected assays from drilling by the previous operator is included in Table 5. Given the proximity to the plant, the project will form an important part of the “project pipeline” with drilling expected to increase the size of the resource.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Table 5: Selected assays from drilling completed on the Hulubai project by the previous operator

Drill hole From
(m)
To
(m)
_Interval
(m)_
_Au_Eqv_
(g/t)
Au
(g/t)
Ag
(g/t)*
RC0762 49 61
12
16.94
3.31
163.3
RC2031 68 79
11
19.8
7.88
86.5
RC0768 69 90
21
16.63
5.18
515.1
RC0756 63 76
13
23.45
17.45
270
RD2077 92 100
8
7.9
0.12
349.8
RC2007 93 120
27
8.76
3.55
234.5
DDH0760 120 134.9
14.9
30.28
13.22
767.4
DDH0785 58 65
7
18.33
11.3
316.6
RC0791 72 85
13
13.53
5.43
364.4
RC0793 69 81
12
16.66
10.14
293.2
DDH0768 44 59
15
8.48
2.82
254.7
DDH0171 103.7 107
3.3
19.1
7.91
503.6
RC0756 63 76
13
23.45
17.45
270
DDH0760 120 134.9
14.9
30.28
13.22
767.4

AuEq equivalence is calculated at 45:1 Ag:Au ratio.* All intervals are down hole. Indicative true widths are included in Appendix 5 cross sections

Kerikil Project

Kerikil was the largest producing pit by the previous operator contributing 14% (343 Koz AuEq) of the historical Mt Muro reserve, averaging 5.09g/t Au and 70g/t Ag. Two sub-parallel structures were mined over 860m along strike to 150m below surface. Geological modelling and resource estimations have highlighted a significant remaining resource, which is open along strike and at depth.

A number of historical high grade drill intersections (Table 6) in conjunction with the recent resource estimate, highlight the economic potential of this system (Appendix 6, Figures 16-19). This project will form part of a longer term plan to explore the eastern part of the CoW, incorporating Kerikil and Langantihan (157 Koz AuEq) as a single project area.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Table 6: Selected assays from drilling completed on the Kerikil project by the previous operator

Drill hole From
(m)
To
(m)
_Interval
(m)_
_Au_Eqv_
(g/t)
Au
(g/t)
Ag
(g/t)*
DDH0060 58.5 69.5
11
9.68
6.26
153.6
DDH0277 46.4 49.4
3
12.22
12.2
3
DDH0277 53 64
11
7.32
5.29
91.8
RC2281 60 71
11
6.32
4.21
95
RD3111 98.3 111.6
13.3
35.66
20.74
671.3
DDH0284 102.2 114
11.8
49.53
41.26
372.3
DDH0273 29 45
16
7.12
4.82
103.6
DDH0268 83 88
5
16.99
8.54
380.2
RC2638 38 99
61
21.5
18.31
143.4
DDH0308 75.7 83
7.3
7.39
5.48
86.3
RC2636 95 106
11
9.91
9.18
32.7
RD2316 139 144
5
9.77
9.3
21
RD2333 120 133.5
13.5
7.48
6.82
29.7

AuEq equivalence is calculated at 45:1 Ag:Au ratio.* All intervals are down hole. Indicative true widths are included in Appendix 6 cross sections

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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RESOURCE ESTIMATES

IMK (SRQ) commissioned Cube Consulting Pty Ltd (Cube) to undertake resource estimations for the Serujan, Bantian Permata, Hulabai and Kerikil epithermal gold and silver projects. The aim was to estimate and classify according to JORC guidelines.

Serujan Project Resource estimate

The Serujan resource estimate was based on all available information as of October 2010. The reestimation involved refining the geological interpretation to reflect resource drilling that was available. This resulted in 47 ore envelopes being modeled. Detailed resource estimation notes are detailed in Appendix 9.

The data and information incorporated by Cube in the estimation project includes:

  • All resource definition drilling and assay data available as of 20[th] October 2010, provided and validated by IMK (SRQ) ;

  • Survey string file of the mined pit, provided and validated by IMK (SRQ) ;

  • Survey string file of the backfill level in pits, provided and validated by IMK (SRQ) ;

  • Mineralisation domains interpreted by Cube;

  • IMK (SRQ) input into the geological interpretation and mineralised domains.

No validation of the database QAQC was undertaken by Cube. IMK (SRQ) has assumed the responsibility of the competent person for the QAQC and data validation (Appendix 8 & 9).

All interpretations of the mineralised domains were undertaken by Cube and IMK (SRQ) prior to commencing the resource estimation. Cube believes that the current geological model for mineralisation is fundamentally sound and provides an appropriate basis for mine planning and project evaluation.

Ordinary Kriging (OK) of one metre downhole composites were used for estimating gold and silver within the grade domains. The 3D block model consisted of 6mN x 12mE x 12mRL parent cells which were sub-celled down to 1.5mN x 3mE x 3mRL to control volume. Cube and IMK (SRQ) have classified and reported the resource in accordance with The 2004 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). A summary of total Serujan Resources above 0.5g/t Gold Equivalent cut-off as of December 2010 is shown in Table 7 reported with updated Gold equivalent values.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Straits

Table 7: Serujan Resource as at December 2010 for Material above 0.5 g/t Gold Equivalent

Deposit Gold
(g/t)
Silver
(g/t)
Gold Eq*
(g/t)
Gold
(Oz)
Silver
(Oz)
Gold Eq
(Oz)*
Category Tonnes (t)
SERUJAN Indicated 3,700,000 2.4
70
4.0
290,000
8,370,000 471,000
Inferred 550,000 2.2
55
3.4
40,000
990,000 61,000
GRAND TOTAL 4,250,000 2.4
69
3.9
330,000
9,360,000 532,000

Gold Eq values calculated using a $US1300 and $US28 price ratios (Gold Eq = Gold + Silver/(1300/28)). Gold Equivalent calculations and reported ounces do not have gold and silver recoveries applied Current and Historical Metallurgical recoveries for Gold range from 90 to 91% and Silver from 65 to 70%.

All tonnage, grade and ounce values have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values See appendix 9 for additional explanation

Bantian Project Resource estimate

The Bantian resource estimation is based on all available information as of October 2010. The estimation involved refining the geological interpretation to reflect resource drilling that was available. This resulted in 65 ore envelopes being modeled. Detailed resource estimation notes are detailed in Appendix 9.

The data and information incorporated by Cube in the estimation project includes:

  • All resource definition drilling and assay data available as of 20[th] October 2010, provided and validated by IMK (SRQ) ;

  • Survey string file of the mined pit, provided and validated by IMK (SRQ) ;

  • Survey string file of the backfill level in pits, provided and validated by IMK (SRQ) ;

  • Mineralisation domains interpreted by Cube;

  • IMK (SRQ) input into the geological interpretation and mineralised domains[.] .

No validation of the database QAQC was undertaken by Cube. IMK (SRQ) has assumed the responsibility of the competent person for the QAQC and data validation (Appendix 8 & 9).

All interpretations of the mineralised domains were undertaken by Cube and reviewed by IMK (SRQ) prior to commencing the resource estimation. Cube believes that the current geological model for mineralisation is fundamentally sound and provides an appropriate basis for mine planning and project evaluation.

Ordinary Kriging (OK) of one metre downhole composites were used for estimating gold and silver within the grade domains. The 3D block model consisted of 15mN x 10mE x 12mRL parent cells which were sub-celled down to 3.75mN x 2.5mE x 3mRL to control volume. Cube[1] and IMK (SRQ)[2] have classified and reported the resource in accordance with The 2004 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). A summary of total Bantian

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Resources above 0.5g/t Gold Equivalent cut-off as of December 2010 is shown in Table 8 reported with updated Gold equivalent values[5] .

Table 8: Bantian Resource as at December 2010 for Material above 0.5 g/t Gold Equivalent

Deposit Category Tonnes
(t)
Gold
(g/t)
Silver
(g/t)
Gold
Eq(g/t)
Gold
(Oz)
Silver
(Oz)
Gold Eq
(Oz)*
BANTIAN
Indicated
2,800,000 1.4
39
2.2
127,000
3,490,000 202,000
Inferred 250,000 2.0
55
3.1
15,000
450,000 25,000
GRAND TOTAL 3,050,000 1.4
40
2.3
142,000
3,940,000 227,000

Gold Eq values calculated using a $US1300 and $US28 price ratios (Gold Eq = Gold + Silver/(1300/28)). Gold Equivalent calculations and reported ounces do not have gold and silver recoveries applied Current and Historical Metallurgical recoveries for Gold range from 90 to 91% and Silver from 65 to 70%. All tonnage, grade and ounce values have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values See appendix 9 for additional explanation

Permata and Hulubai Projects Resource estimate

The Permata and Hulabai resource based on all available information as of October 2010. The estimation involved refining the geological interpretation to reflect the available resource drilling. Since Permata and Hulabai are part of the same semi-continuous mineralised structure, they were modeled simultaneously. This resulted in four ore envelopes being modeled for Permata and thirteen ore envelopes for Hulabai. Detailed resource estimation notes are detailed in Appendix 9.

The data and information incorporated by Cube in the estimation project includes:

  • All resource definition drilling and assay data available as of 20[th] October 2010, provided and validated by IMK (SRQ) ;

  • Survey string file of the mined pit, provided and validated by IMK (SRQ) ;

  • Survey string file of the backfill level in pits, provided and validated by IMK (SRQ) ;

  • Mineralisation domains interpreted by Cube;

  • IMK (SRQ) input into the geological interpretation and mineralised domains.

No validation of the database QAQC was undertaken by Cube. IMK (SRQ) has assumed the responsibility of the competent person for the QAQC and data validation (Appendix 8 & 9).

All interpretations of the mineralised domains were undertaken by Cube and reviewed by IMK (SRQ) prior to commencing the resource estimation. Cube believes that the current geological model for mineralisation is fundamentally sound and provides an appropriate basis for mine planning and project evaluation.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Ordinary Kriging (OK) of one metre downhole composites were used for estimating gold and silver within the grade domains. The 3D block model consisted of 15mN x 5mE x 12mRL parent cells which were sub-celled down to 3.75mN x 2.5mE x 3mRL to control volume.

Cube and SRL have classified and reported the resource in accordance with The 2004 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). A summary of total remaining insitu Permata and Hulubai Mineral Resources above a 0.5 g/t Gold equivalent cut-off as of November 2010 is shown in Table 9.

Table 9: Permata and Hulubai Resource as at December 2010 for Material above 0.5 g/t Gold

Equivalent

Deposit Category Tonnes (t) Gold
(g/t)
Silver
(g/t)
Gold Eq
(g/t)
Gold
(Oz)
Silver
(Oz)
Gold Eq
(Oz)*
PERMATA Indicated 290,000 2.2
91
4.1
20,000
850,000
38,000
Inferred 310,000 3.0
95
5.0
30,000
970,000
51,000
Sub Total 600,000 2.6
94
4.6
50,000
1,820,000
89,000
HULUBAI Indicated 370,000 3.0
114
5.5
36,000
1,370,000
66,000
Inferred 270,000 2.9
129
5.7
25,000
1,130,000
49,000
Sub Total 640,000 3.0
121
5.6
61,000
2,500,000
115,000
GRAND TOTAL 1,240,000 2.8
108
5.1
111,000
4,320,000
204,000

Gold Eq values calculated using a $US1300 and $US28 price ratios (Gold Eq = Gold + Silver/(1300/28)). Gold Equivalent calculations and reported ounces do not have gold and silver recoveries applied Current and Historical Metallurgical recoveries for Gold range from 90 to 91% and Silver from 65 to 70%.

All tonnage, grade and ounce values have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values See appendix 9 for additional explanation

Kerikil Project Resource estimate

The Kerikil resource is based on all available information as of October 2010. The estimation involved refining the geological interpretation to reflect the available resource drilling. This resulted in 43 ore envelopes being modeled. Detailed resource estimation notes are detailed in Appendix 9.

The data and information incorporated by Cube in the estimation project includes:

  • All resource definition drilling and assay data available as of 20[th] October 2010, provided and validated by IMK (SRQ) ;

  • Survey string file of the mined pit, provided and validated by IMK (SRQ) ;

  • Survey string file of the backfill level in pits, provided and validated by IMK (SRQ) ;

  • Mineralisation domains interpreted by Cube;

  • IMK (SRQ) input into the geological interpretation and mineralised domains

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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No validation of the database QAQC was undertaken by Cube. SRQ has assumed the responsibility of the competent person for the QAQC and data validation (Appendix 8 & 9).

All interpretations of the mineralised domains were undertaken by Cube and reviewed by IMK (SRQ) prior to commencing the resource estimation. Cube believes that the current geological model for mineralisation is fundamentally sound and provides an appropriate basis for mine planning and project evaluation.

Ordinary Kriging (OK) of one metre down hole composites were used for estimating gold and silver within the grade domains. The 3D block model consisted of 15mN x 5mE x 12mRL parent cells which were sub-celled down to 3.75mN x 1.25mE x 3mRL to control volume.

Cube and IMK (SRQ) have classified and reported the resource in accordance with The 2004 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). A summary of total remaining insitu Kerikil Mineral Resources above a 0.5 g/t Gold equivalent cut-off as of November 2010 is shown in Table 10.

Table 10. Kerikil Resource as at December 2010 for Material above 0.5 g/t Gold Equivalent

Vein /
Structure
Category Tonnes (t) Gold
(g/t)
Silver
(g/t)
Gold Eq
(g/t)
Gold
(Oz)
Silver
(Oz)
Gold Eq
_(Oz)* _
KERIKIL Indicated 620,000 2.2
38
3.0
43,000
750,000 59,000
Inferred 690,000 1.6
28
2.1
34,000
610,000 48,000
GRAND TOTAL 1,310,000 1.8
32
2.5
77,000
1,360,000 107,000

Gold Eq values calculated using a $US1300 and $US28 price ratios (Gold Eq = Gold + Silver/(1300/28)). Gold Equivalent calculations and reported ounces do not have gold and silver recoveries applied Current and Historical Metallurgical recoveries for Gold range from 90 to 91% and Silver from 65 to 70%.

All tonnage, grade and ounce values have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values See appendix 9 for additional explanation

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Appendix 1 Historical production and current resource estimates.

Historical Production 2011 Resource update
Tonnes
Au
Ag
*Aueq ** Tonnes
Au
Ag
*Aueq **
1 x
1000
g/t
g/t
Oz x
1000
1 x
1000
g/t
g/t
Oz x
1,000
Deposit
Kerikil 1,602
5.1
73
343 1,310
1.8
32
107
Serujan 1,503
3.8
138
325 4,250
2.4
69
532
Permata 1,384
3.6
131
284 600
2.6
94
89
Hulubai 1,305
4.5
104
283 640
3
121
115
Bantian 1,064
3.9
113
218 3,050
1.4
40
227
Aurora Elluvial 1,014
2.3
11
84

_
_
Langantihan 3,120
1.2
15
157
Dua Lagi 40
10.9
163
19
Soan(ug) 800
4
56
135
Sinbar 1,280
2.1
23
105
Sinter 590
2.9
45
74
Tailings Dam 9,700
0.2
27
238
Tengkanong 930
4.5
56
171
Batu Tembak 459
5.8
152
133
Serujan North 355
3.2
282
106
Muro Sawang 133
4.3
159
33
Anak Dua 62
3.7
29
9 290
2.9
28
33
Arang Maan 226
3.8
33
32
Arang Maan Timur 154
1.8
22
11
Bantian Nth 268
2.7
16
26
Bantian Barat 18
2.4
24
2
Botol Tagape 247
9.5
107
94
Gerantung 304
3.2
39
39
Hulubai Timur - Permata
Barat
192
2.1
11
15
Icah 34
6.1
66
8
Jalan Bukit 248
2.6
48
29
Luit Bawah 61
1.9
14
4
Mandi - Jerat 111
4.4
9
17
Seruang 16
3.7
9
2
Serujan Central Elluvial 17
4.4
102
4
Serukau 92
3.2
15
10
Soan Open Pit 39
2.9
8
4
Sukang - Curam 57
3.9
28
8
Tasat 443
4.7
10
70
Rabu 244
3.1
6
25
Total 12,582
4
87
2,389 25,670
1.4
40
1,831

*Gold Eq values calculated using a $US1300 and $US28 price ratios (Gold Eq = Gold + Silver/(1300/28)). Gold Equivalent calculations and reported ounces do not have gold and silver recoveries applied Current and Historical Metallurgical recoveries for Gold range from 90 to 91% and Silver from 65 to 70%. All tonnage, grade and ounce values have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values See appendix 9 for additional explanation

Deposits in Yellow – Mined by Aurora Gold Deposits in Blue – Mined by IMK (SRQ) Deposits in Green – Current IMK (SRQ) resources

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Appendix 2 – Serujan Project Diagrams

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Figure 3. Serujan Long section with superimposed current pit, final pit design and selected recent and historical drill results.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 4. Serujan cross section 09 showing the historic pit design and drill results. Results in yellow are subsequent to the resource estimation. See long section for location of section line.

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Figure 5. Serujan cross section 11 showing the historic pit design and drill results. Results in yellow are subsequent to the resource estimation. See long section for location of section line.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Appendix 3 – Bantian figures

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Figure 6. Long Section through Bantian project highlighting the 2.8 km of the structure and current exploration areas (Block 4 & 5). Vertical exaggeration x 2.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 7. Long Section through Bantian project – Block 4 & 5 with selected recent and historical drill results.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 8. Cross section through Bantian Block 4. See long section for location of section line.

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Figure 9. Cross section through Bantian Block 5. See long section for location of section line.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Appendix 4 – Permata figures

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Figure 10. Long Section through Permata project with selected historical and 2010 drill results below the pit.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 11. High grade intersections below the Permata pit, which is open at depth. See long section for location of section line.

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Figure 12. High grade intersection below the Permata pit, which is open at depth. See long section for location of section line.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Appendix 5 – Hulubai figures

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Figure 13. Long Section through Hulubai project with selected historical drill results below the pit.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 14. Historical drill results below the Hulubai pit. See long section for location of section line.

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Figure 15. Historical drill results below the Hulubai pit . See long section for location of section line.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Appendix 6 – Kerikil figures

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Figure 16. Long Section through Kerikil project structure (1) with selected historical drill results below the pit.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 17. Kerikil project main structure (1) with historical drill results below the pit. See long section for location of section line.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 18. Long Section through Kerikil project main structure (2) with selected historical drill results below the pit.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Figure 19. Kerikil project main structure (2) with historical drill results below the pit. See long section for location of section line.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Appendix 7 -Serujan Project

Serujan significant drill hole assays completed by IMK (2005 drilling and 2010/11 drilling). 3m internal waste, 0.5g/t AuEq cutoff (45:1 Ag:Au ratio). Drill holes intervals are between 80-90% true widths. Drill holes in yellow are subsequent to the resource estimation.

HOLEID EAST NORTH RL DIP AZIMUTH FROM TO INT Au_Eqv(g/t) Au(g/t) Ag(g/t) Cu(g/t) Pb(g/t)
CEDH002 213481.6 9925799.36 135.19 -61.7 177.4 103.7 125.1 21.4 21.4m @ 2.05 1.32 32.9 46.1 27.9
CEDH003 213499.54 9925793.47 137.443 -59 174.8 104.9 129.1 24.2 24.2m @ 3.81 2.31 67.7 37.3 41.3
CEDH005 213475.95 9925750.81 122.313 -74.4 187.3 55.2 69.3 14.1 14.1m @ 5.47 2.92 114.8 77.3 25.4
CEDH005 213475.95 9925750.81 122.313 -74.4 187.3 72.9 83 10.1 10.1m @ 2.46 1.72 33.4 66.1 40.9
CEDH007 213449.31 9925761.98 123.209 -61.1 176.8 72 79.1 7.1 7.1m @ 2.95 1.47 66.8 81.8 67.6
CEDH008 213450.38 9925785.3 122.592 -61.2 175.4 74 77.7 3.7 3.7m @ 4.24 2.16 93.9 159.4 42.7
CEDH008 213450.38 9925785.3 122.592 -61.2 175.4 83.7 99 15.3 15.3m @ 2.37 1.77 27.1 99.6 97
CEDH009 213451.8 9925797.35 121.992 -65.9 179.2 94.3 114 19.7 19.7m @ 5.13 3.11 90.7 84 121.1
CEDH010 213474.67 9925821.24 135.789 -62.5 180 135.9 154.6 18.7 18.65m @ 3.14 2.24 40.8 76.7 107.2
CEDH011 213474.52 9925823.34 135.8 -70 180 153.1 165.5 12.4 12.4m @ 2.18 1.53 29.4 104.8 122.1
CEDH012 213499.73 9925804.9 135.7 -64 177.7 132.7 136.7 4 4m @ 1.28 0.47 36.3 39.2 36.5
CEDH013 213524.55 9925792.3 136.214 -77.4 175 169.4 178.4 9.1 9.05m @ 0.77 0.44 14.7 43.9 27.4
CEDH017 213400.1 9925794.26 123.833 -74 180 97.8 108 10.2 10.2m @ 6.07 3.21 128.4 84.2 106.9
CEDH018 213426.03 9925812.14 124.539 -74 178.6 119.7 131.7 12 12m @ 2.06 1.42 28.8 36.6 74.3
CEDH018 213426.03 9925812.14 124.539 -74 178.6 140.7 145.2 4.5 4.5m @ 19.78 6.4 602.3 133 775.3
CEDH019 213451.63 9925807.36 124.524 -74.3 177.8 128.4 151.3 22.9 22.9m @ 5.38 3.21 97.5 110.6 142.7
CERC001 212805.92 9926011.44 103.583 -50 180 3 9 6 6m @ 0.7 0.41 12.8 47.7
CERC002 212831.21 9926043.57 105.112 -60 180 69 73 4 4m @ 0.57 0.34 10.3 40.3
CERC004 212818.53 9926006.76 100.028 -55 180 5 8 3 3m @ 0.77 0.69 4 39
CERC004 212818.53 9926006.76 100.028 -55 180 93 96 3 3m @ 3.15 2.25 40.3 34.7
CERC007 212770 9926003.48 101.503 -55 180 82 86 4 4m @ 0.87 0.33 24.5 41.5
CERC007 212770 9926003.48 101.503 -55 180 94 106 12 12m @ 3.25 2.18 48.3 55.5
CERC008 212781.01 9926027.71 103.711 -60 180 85 90 5 5m @ 1.56 0.99 25.6 101
CERC009 212941.16 9925995.84 94.319 -50 180 0 3 3 3m @ 1.49 0.6 40 88
CERC011 213130.1 9925818.78 128.135 -60 180 51 54 3 3m @ 0.72 0.36 16.7 45.3
CERC012 213130.5 9925841.75 129.379 -60 180 70 73 3 3m @ 0.65 0.55 4.5 26.3
CERC013 213155.04 9925826.67 131.026 -60 180 61 69 8 8m @ 0.99 0.69 13.4 57.8
CERC014 213152.15 9925807.75 131.628 -60 180 24 28 4 4m @ 0.66 0.63 1.8 50.5
CERC014 213152.15 9925807.75 131.628 -60 180 35 44 9 9m @ 0.99 0.54 20.1 43
CERC015 213180.75 9925772.41 134.899 -60 180 17 44 27 27m @ 1.89 1.05 37.7 44.6
CERC015 213180.75 9925772.41 134.899 -60 180 72 78 6 6m @ 0.9 0.43 21.7 38.3
CERC016 212941.21 9925995.87 93.182 -45 180 9 12 3 3m @ 0.66 0.37 13.3 50
CERC016 212941.21 9925995.87 93.182 -45 180 89 93 4 4m @ 1.21 0.64 25.9 70.5
CERC017 212476.05 9925910.67 75.56 -60 180 87 91 4 4m @ 0.54 0.41 6 100 230
CERC018 212853.65 9925994.49 96.937 -50 180 104 111 7 7m @ 0.76 0.64 5.6 17.4 30.3
CERC018 212853.65 9925994.49 96.937 -50 180 115 118 3 3m @ 0.52 0.38 6 19.3 75.3
CERC025 213403.97 9925761.94 135.016 -55 180 58 63 5 5m @ 12.62 11.14 66.4 40.4 15.2
CERC025 213403.97 9925761.94 135.016 -55 180 68 71 3 3m @ 0.69 0.13 25.3 75.7 61.3
CERC026 213503.35 9925737.15 121.889 -50 180 1 6 5 5m @ 1.31 1.22 4.2 26.4 15.4
CERC026A 213503.13 9925740.4 121.973 -50 180 46 66 20 20m @ 0.93 0.77 7.5 31.6 18.1
CERC031 213428.41 9925748.47 133.872 -59 180 56 59 3 3m @ 1.01 0.57 20 33 12.7
CERC032 213450.09 9925759.97 123.237 -59 180 69 84 15 15m @ 4.6 1.92 120.6 98.9 39.5
CERC033 213499.77 9925774.24 132.185 -58 180 87 107 20 20m @ 4.47 2.17 103.6 33.4 49.4
CERC034 213474.37 9925765.77 123.101 -59 180 65 84 19 19m @ 3.55 1.97 70.8 45.4 50.7
CERC034 213474.37 9925765.77 123.101 -59 180 87 102 15 15m @ 2.06 1.26 35.9 35.1 32.6
CERC035 213450.21 9925743.85 124.643 -56 180 53 59 6 6m @ 5.83 1.92 175.8 52.2 47.2

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

CERC037 213425.62 9925802.12 121.056 -58 180 82 94 12 12m @ 0.61 0.36 11.2 47.2 22.8
CERC039 213400.87 9925795.21 123.852 -60 180 86 92 6 6m @ 0.52 0.31 9.7 38.7 17.2
CERC039 213400.87 9925795.21 123.852 -60 180 96 104 8 8m @ 5.44 3.39 92.5 102.9 255
CERC040 213376.7 9925829.47 120.554 -55 180 39 43 4 4m @ 0.96 0.64 14.3 61.3 54.3
CERC040 213376.7 9925829.47 120.554 -55 180 100 110 10 10m @ 1.77 1.27 22.4 48.7 32.2
CERC042 213374.62 9925789.2 128.215 -60 180 92 99 7 7m @ 13.24 8.25 224.6 77.9 109.6
CERC045 213353.09 9925790.17 126.9 -56 180 84 89 5 5m @ 3.93 1.53 108 80.8 68.6
CERC049 213277.05 9925823.51 122.325 -58 180 2 6 4 4m @ 0.99 0.65 15.5 53.3 19.5
CERC049 213277.05 9925823.51 122.325 -58 180 80 88 8 8m @ 2.71 1.67 46.8 51.1 76.6
CERC049 213277.05 9925823.51 122.325 -58 180 97 113 16 16m @ 0.53 0.32 9.8 40.9 25.1
CERC050 213275.05 9925798.95 124.892 -60 180 83 87 4 4m @ 1.05 0.83 9.8 65.5 43.8
CERC052 213251.47 9925810.51 124.224 -57 180 84 88 4 4m @ 2.95 1.94 45.5 53.8 45
CERC053 213228.25 9925811.84 124.431 -61 180 81 92 11 11m @ 1.99 1.86 5.7 43.7 37
CERC053 213228.25 9925811.84 124.431 -61 180 100 135 35 35m @ 0.83 0.8 1.3 42.6 25.8
CERC054 213226.44 9925789.98 129.567 -58 180 43 46 3 3m @ 1.07 1 3 41.7 33
CERC054 213226.44 9925789.98 129.567 -58 180 64 73 9 9m @ 0.88 0.38 22.7 25.2 24
CERC055 213200.52 9925827.43 126.084 -58 180 82 88 6 6m @ 0.56 0.53 1.3 40 15.8
CERC056 213201.36 9925806.98 128.247 -59 180 67 79 12 12m @ 1.29 1.23 2.6 60.1 25.3
CERC057 213200.8 9925780.34 132.69 -60 180 35 40 5 5m @ 1.3 0.5 36 42.2 15.8
CERC057 213200.8 9925780.34 132.69 -60 180 48 54 6 6m @ 0.71 0.21 22.5 59.3 12.3
CERC059 213131.03 9925862.25 130.116 -60 180 66 81 15 15m @ 1.12 0.85 12.2 35.7 43.3
SCD002 212823.76 9925943.34 61.165 -53 178 67.2 73.5 6.3 6.3m @ 22.23 17.23 225.3 171 945.4
SCD002 212823.76 9925943.34 61.165 -53 178 78.5 83.5 5 5m @ 0.81 0.65 7.6 145.4 406.8
SCD003 212875.16 9925962.98 62.745 -51 179 97 104.6 7.6 7.6m @ 8.74 6.86 84.8 277 469.7
SCD004 212925.19 9925951.87 64.671 -49.5 179 103.3 113.7 10.4 10.4m @ 2.89 1.88 45.5 266.9 1279.8
SCD005 212899.65 9925954.26 64.04 -51 180 98.9 106.5 7.6 7.6m @ 4.99 3.17 82 154.4 391.2
SCD006 212725.56 9925912.97 59.113 -45 180 23.7 31.6 7.9 7.9m @ 15.71 11.21 202.8 606.9 1950.6
SCD006 212725.56 9925912.97 59.113 -45 180 52.6 58.8 6.2 6.2m @ 2.37 1.2 52.7 87.8 137.4
SCD006 212725.56 9925912.97 59.113 -45 180 67.2 73.5 6.3 6.3m @ 7.34 5.75 71.8 510.6 1934.7
SCD006 212725.56 9925912.97 59.113 -45 180 78.7 85.2 6.6 6.55m @ 28.23 24.16 183.4 845.4 2614.9
SCD007 212950 9925943 68.715 -51 179.5 90.6 97.2 6.7 6.65m @ 15.93 9.48 290 130.6 709.5
SCD007 212950 9925943 68.715 -51 179.5 100.3 108.2 7.9 7.9m @ 5.69 3.17 113.8 94.9 404.4
SCD008 212718.62 9925910.21 59.486 -46.5 202 88.2 96.9 8.7 8.7m @ 1.33 0.96 16.5 110.5 581.7
SCRC002 213005.68 9925959.82 87.71 -63 180 149.7 156.4 6.7 6.7m @ 1.49 0.74 33.9 159.8 448.8
SCRC002 213005.68 9925959.82 87.71 -63 180 162.6 171.9 9.3 9.35m @ 1.29 1.04 11.3 198.3 357.8
SCRC003 212974.55 9925972.58 90.702 -59.5 180 152 156.9 4.9 4.9m @ 33.34 31.72 73.1 191.1 3164.1
SCRC003 212974.55 9925972.58 90.702 -59.5 180 173.2 176.8 3.6 3.6m @ 0.97 0.56 18.7 127.6 346.2
SCRC004 212555.13 9925908.49 86.535 -52.5 180 12 16 4 4m @ 1.45 1.43 1 53 17
SCRC004 212555.13 9925908.49 86.535 -52.5 180 48 53 5 5m @ 2.67 1.38 58.2 73 141.6
SCRC004 212555.13 9925908.49 86.535 -52.5 180 73.6 84.7 11.1 11.05m @ 0.73 0.54 8.4 55.6 124.9
SCRC004 212555.13 9925908.49 86.535 -52.5 180 92.5 98.3 5.8 5.75m @ 0.78 0.59 8.7 188.8 946.1
SCRC005 212555 9925909.23 86.535 -62 180 0 4 4 4m @ 1.54 0.99 25 51.3 175.5
SCRC005 212555 9925909.23 86.535 -62 180 52 56 4 4m @ 0.61 0.37 11 40 27
SCRC005 212555 9925909.23 86.535 -62 180 60 68 8 8m @ 1.82 1.16 29.8 47 87.3
SCRC005 212555 9925909.23 86.535 -62 180 72 76 4 4m @ 2.33 1.29 47 65 78
SCRC005 212555 9925909.23 86.535 -62 180 105.2 115.2 10 10m @ 1.08 0.88 9.2 31.9 133.3
SCRC006 212575.02 9925911.17 87.883 -51 179.5 0 4 4 4m @ 0.63 0.28 15.8
SCRC006 212575.02 9925911.17 87.883 -51 179.5 39 43 4 4m @ 0.7 0.46 11
SCRC006 212575.02 9925911.17 87.883 -51 179.5 51 55 4 4m @ 0.56 0.38 8
SCRC006 212575.02 9925911.17 87.883 -51 179.5 66.8 95.7 28.9 28.9m @ 2.36 1.59 34.8 54.1 272.4
SCRC007 212549.56 9925912.5 86.5 -50 210 2 7 5 5m @ 1.75 0.98 34.6 76.8 173.2
SCRC007 212549.56 9925912.5 86.5 -50 210 63 76 13 13m @ 0.9 0.49 18.3 47.5 103
SCRC007 212549.56 9925912.5 86.5 -50 210 87.3 94.7 7.4 7.4m @ 3.4 1.9 67.6 32.5 75.8
SCRC008 212600.15 9925921.36 90.136 -52 180 0 5 5 5m @ 1.89 0.88 45.2 81.6 150

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

SCRC008 212600.15 9925921.36 90.136 -52 180 29 36 7 7m @ 1.39 0.72 30 46.1 55.1
SCRC008 212600.15 9925921.36 90.136 -52 180 91.3 95.2 3.9 3.9m @ 1.03 0.57 20.7 32.3 72.7
SCRC008 212600.15 9925921.36 90.136 -52 180 106.8 112 5.2 5.2m @ 1.46 0.79 30.1 74.3 414.3
SCRC009 212624.9 9925926.22 91.192 -53 180 42 46 4 4m @ 0.51 0.29 10 78 34
SCRC009 212624.9 9925926.22 91.192 -53 180 118.7 123.9 5.2 5.2m @ 11.02 10.62 17.8 222.2 787.3
SCRC010 212649.79 9925934.62 91.979 -62 180 131 136.5 5.5 5.5m @ 1.48 0.95 23.7 37.3 180.7
SCRC011 212698.91 9925959.06 92.205 -51 170 126.3 142.5 16.2 16.15m @ 1.56 1.19 16.8 141.6 485.6
SCRC012 212749.11 9925972.84 95.086 -55 180 97.5 102.1 4.6 4.65m @ 5.67 4.65 45.7 163.3 340.8
SCRC012 212749.11 9925972.84 95.086 -55 180 107.3 122.3 15 14.95m @ 1.81 1.4 18.6 52.7 179.5
SCRC012 212749.11 9925972.84 95.086 -55 180 130 145.3 15.4 15.35m @ 5.85 3.56 103.2 303.4 567.3
SCRC013 212749.21 9925973.57 95.085 -65 177 98.5 101.8 3.3 3.25m @ 2.95 2.09 38.8 109.2 216.6
SCRC013 212749.21 9925973.57 95.085 -65 177 133.9 137 3 3.05m @ 3.1 1.95 51.9 68.6 162.9
SCRC013 212749.21 9925973.57 95.085 -65 177 140.2 154.1 13.9 13.9m @ 2.17 1.68 22 68.2 197
SCRC014 212793.49 9925993.89 102.746 -51 180 105.9 108.9 3 3m @ 1.49 0.57 41.3 17.3 47.7
SCRC014 212793.49 9925993.89 102.746 -51 180 159.2 170.4 11.2 11.15m @ 0.69 0.43 11.9 187.2 597.1
SCRC015 212924.33 9925993.83 94.908 -55 180 173 185.8 12.8 12.8m @ 0.94 0.51 19.3 71.3 167.3
SCRC016 212924.33 9925993.83 94.908 -63.5 177 212.2 219.4 7.3 7.25m @ 1.58 1.02 25.2 279.7 907
SCRC017 212824.11 9925992.93 93.707 -50 180 135.8 139.1 3.3 3.3m @ 5.8 3.92 84.5 118.7 373.6
SCRC017 212824.11 9925992.93 93.707 -50 180 153.4 166 12.7 12.65m @ 5.78 3.66 95.7 491.4 800.9
SCRC018 212856.13 9926012.8 100.328 -55 178 122.5 127.3 4.8 4.85m @ 2.94 2.29 29.6 42.8 805
SCRC022 212603.52 9926096.41 88.222 -50 130 47 72 25 25m @ 1.21 1.19 1.3
SCRC024 212949.99 9925984.03 93.626 -52 177 155.2 170.5 15.3 15.3m @ 39.53 26 609.2 249.9 949.1
SCRC025 212591.58 9926073.9 85.208 -50 50 0 4 4 4m @ 1.14 0.85 13
SCRC027 212587.75 9926034.07 81.601 -50 50 57 61 4 4m @ 1.11 1.07 2
SCRC027 212587.75 9926034.07 81.601 -50 50 73 77 4 4m @ 0.83 0.77 2.5
SCRC028 212611.83 9926118.08 93.338 -50 50 11 15 4 4m @ 0.63 0.43 9
SCRC030 212856.15 9926011.38 100.579 -62 180 4 9 5 5m @ 0.65 0.03 28
SCRC031 212875 9926016.23 101.573 -53.5 180 101.3 106.2 4.9 4.9m @ 16.35 15.79 25.1 156.6 99.6
SCRC031 212875 9926016.23 101.573 -53.5 180 184.8 195.1 10.3 10.3m @ 1.12 0.6 23.5 55.3 108
SCRC034 212825.16 9925993.98 93.71 -64.5 180 193.6 203.3 9.8 9.75m @ 3.47 3.11 16.5 283.2 1678.7
SCRC037 212794.69 9925995.02 102.629 -59 180 86 90 4 4m @ 0.76 0.63 6
SCRC037 212794.69 9925995.02 102.629 -59 180 109.7 113.7 4 4m @ 0.8 0.45 15.8 44 56
SCRC037 212794.69 9925995.02 102.629 -59 180 151.1 171 20 19.95m @ 10.3 7.5 126.1 352.9 2418.2
SCRC037 212794.69 9925995.02 102.629 -59 180 174.3 178 3.8 3.75m @ 1.19 0.64 25 836.6 2506.8
SCRC038 212794.74 9925996.08 102.685 -72 180 53 65 12 12m @ 3.4 1.42 89.2
SCRC038 212794.74 9925996.08 102.685 -72 180 112.6 117.5 4.9 4.9m @ 11.18 9.14 92 158.3 782.6
SCRC038 212794.74 9925996.08 102.685 -72 180 123.6 127.2 3.6 3.6m @ 2.74 1.79 42.7 51.2 222.7
SCRC039 212973.9 9925969.41 89.382 -57 180 1 5 4 4m @ 0.85 0.67 8
SCRC039 212973.9 9925969.41 89.382 -57 180 139.3 149.7 10.4 10.4m @ 8.45 5.49 156.7 171.1 461.8
SCRC039 212973.9 9925969.41 89.382 -57 180 157.4 166.6 9.2 9.2m @ 4.92 3.4 68.2 110.4 382.5
SCRC040 212774.61 9925995.21 100.657 -52 180 139.3 150.3 11.1 11.05m @ 5.91 2.97 132.1 142.7 426.8
SCRC041 212774.98 9925996.01 100.63 -64 180 77 80 3 3m @ 0.65 0.29 16
SCRC041 212774.98 9925996.01 100.63 -64 180 94.3 99.2 4.9 4.9m @ 16.54 11.92 207.6 150.9 491.1
SCRC041 212774.98 9925996.01 100.63 -64 180 193.8 197.8 4 4m @ 0.71 0.4 14 184.3 1937
SCRC042 212725 9925979 96.216 -55 180 4 8 4 4m @ 0.54 0.45 4
SCRC042 212725 9925979 96.216 -55 180 128.9 135.3 6.3 6.35m @ 3.52 2.34 53.4 30.2 144.3
SCRC042 212725 9925979 96.216 -55 180 158.2 163 4.8 4.85m @ 1.4 1.13 12.1 75.2 43
SCRC042 212725 9925979 96.216 -55 180 169 174 4.9 4.95m @ 2.44 1.13 58.9 342.9 861.1
SCRC043 212749.11 9925972.84 95.086 -50 180 111.2 114.6 3.4 3.4m @ 68.66 39.78 1300 1283 3036.1
SCRC043 212749.11 9925972.84 95.086 -50 180 115.6 132.5 16.9 16.9m @ 0.64 0.38 12 139.2 314.5
SED001 213624.88 9925810.02 163.228 -50 175 130.9 138.9 8.1 8.05m @ 4.85 2.15 121.7 32.1 42.8
SED001 213624.88 9925810.02 163.228 -50 175 142.2 146.7 4.5 4.55m @ 5.11 1.51 162 101.9 163.2
SED002 213624.88 9925810.02 163.228 -65 173 149 154.3 5.4 5.35m @ 0.67 0.34 14.7 28.3 51.1
SED002 213624.88 9925810.02 163.228 -65 173 160.2 164.5 4.3 4.3m @ 0.59 0.46 5.6 39.3 17.1

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

SED002 213624.88 9925810.02 163.228 -65 173 170.5 183.5 13.1 13.05m @ 1.81 1.08 33.1 55.1 88.4
SED003 213750.04 9925620.69 150.126 -54 0 141.9 173.7 31.9 31.85m @ 7.99 4.35 163.7 41 58.3
SED004 213722.63 9925634.19 148.965 -49 0 76.9 81.8 4.8 4.85m @ 0.76 0.18 26.1 37.2 15.3
SED004 213722.63 9925634.19 148.965 -49 0 108 113.3 5.3 5.35m @ 1.88 0.92 43.3 39.3 39.1
SED004 213722.63 9925634.19 148.965 -49 0 116.8 125.5 8.7 8.7m @ 2.63 1.46 53 21.6 40.9
SED005 213574.48 9925749.17 125.599 -54 180 53 57.9 4.9 4.85m @ 9.72 5.78 177.2 46.1 40.4
SED005 213574.48 9925749.17 125.599 -54 180 58.1 68.7 10.7 10.65m @ 5.49 3.43 93 49.6 52.7
SED006 213599.86 9925741.2 126.744 -58 180 37.7 63.8 26.1 26.1m @ 4.29 2.01 102.4 40.6 40.7
SED007 213660.14 9925739.63 128.085 -51 177 15.6 33.1 17.5 17.5m @ 2.32 1.11 54.2 43 34.6
SED008 213749.57 9925794.57 200.18 -63 177 161.2 177.6 16.4 16.4m @ 2.09 0.88 54.4 43.8 51.2
SED009 213549.63 9925749.1 124 -48 180 18.9 28 9.1 9.1m @ 0.54 0.43 5.2 43.4 31.3
SED009 213549.63 9925749.1 124 -48 180 46.4 52.7 6.4 6.35m @ 2.06 0.84 54.6 42.1 32
SED010 213549.63 9925749.1 124 -62 180 37.7 43.6 5.8 5.85m @ 0.61 0.28 14.8 53.9 26.1
SED010 213549.63 9925749.1 124 -62 180 57.5 64.6 7.1 7.1m @ 2.21 1.38 37.4 46 23.6
SED011 213549.63 9925749.1 124 -70.5 180 66.1 71.5 5.5 5.45m @ 2.44 1.67 34.8 67.4 22.2
SED012 213699.97 9925762.1 160.657 -77 180 17.6 20.9 3.3 3.3m @ 1.15 0.98 7.5 46.8 28.8
SED012 213699.97 9925762.1 160.657 -77 180 130 165.8 35.8 35.8m @ 3.39 1.66 77.9 38.4 86.3
SED014 213800.92 9925848.91 207.757 -56.5 178 92.6 98.4 5.8 5.75m @ 0.68 0.28 18.1 97.3 12.1
SED014 213800.92 9925848.91 207.757 -56.5 178 226.1 242.4 16.3 16.25m @ 0.88 0.49 17.6 29.1 25.1
SED015 213774.59 9925849.85 207.469 -56 180 225.5 234.2 8.7 8.7m @ 4.31 1.95 106.2 40.5 38.5
SED016 213774.53 9925850.76 207.469 -60 180 232.6 245.7 13.2 13.15m @ 2.75 0.99 79.6 52.1 36.9
SED017 213774.62 9925850.64 207.805 -66 180 121.4 125.4 4 4m @ 1.95 0.89 47.8 5.3 5.3
SED017 213774.62 9925850.64 207.805 -66 180 141.5 147.8 6.3 6.3m @ 1.74 0.91 37.4 22.3 28.8
SED017 213774.62 9925850.64 207.805 -66 180 239.2 243 3.8 3.8m @ 0.93 0.64 13.1 33.1 17.1
SED017 213774.62 9925850.64 207.805 -66 180 263.5 267.6 4.1 4.1m @ 0.9 0.85 2.3 34 21.6
SED018 213751.78 9925861.29 207.046 -57.5 180 236.5 241.7 5.2 5.2m @ 14.92 6.11 396.1 54.1 102.4
SED018 213751.78 9925861.29 207.046 -57.5 180 246 251.8 5.8 5.75m @ 1.9 0.85 47.2 17.8 42.5
SED019 213751.76 9925861.72 206.951 -60 180 84.5 89.1 4.6 4.55m @ 0.77 0.17 27.2 55.5 23.5
SED019 213751.76 9925861.72 206.951 -60 180 246.7 261.2 14.5 14.45m @ 3.04 1.5 69.1 29.8 68.9
SED020 213751.85 9925862.03 206.954 -63 180 254.5 261.9 7.4 7.4m @ 2.3 1.29 45.5 10.4 65.8
SED021 213719.66 9925836.63 201.095 -56 180 192.7 214.2 21.6 21.55m @ 5.47 3.13 105.6 32.8 57
SED022 213719.61 9925836.96 201.081 -61 180 211.4 232.5 21.1 21.05m @ 4.19 2.05 96.1 46.8 75.2
SED023 213641.58 9925809.34 166.6 -50 180 126.3 143.9 17.6 17.55m @ 5.76 2.68 138.7 89.4 45.1
SED023 213641.58 9925809.34 166.6 -50 180 147.8 156.4 8.7 8.65m @ 3.4 2.14 56.9 66.1 100.3
SED025 213698.68 9925804.72 182.065 -68 180 181 206.7 25.7 25.65m @ 3.97 2.3 74.9 35.2 77
SED027 213826.67 9925750.04 206.583 -66 180 127.8 155.5 27.7 27.7m @ 3.73 2 77.8 30.9 38.3
SED028 213803.04 9925751.88 203.779 -63 180 112.8 141.7 28.9 28.9m @ 3.64 2 73.8 27.7 51.9
SED029 213774.21 9925757.92 193.333 -58 180 110.9 126.5 15.6 15.6m @ 6.52 2.88 164 22 17.6
SED030 213730.01 9925804.19 194.086 -62 179 172 191.4 19.4 19.4m @ 3.74 1.72 91.2 60.6 72.2
SED031 213730.01 9925804.19 194.086 -55.5 179 149.2 156.8 7.7 7.65m @ 2.13 0.69 64.9 40.6 66
SED031 213730.01 9925804.19 194.086 -55.5 179 161.1 167.4 6.3 6.3m @ 0.85 0.55 13.7 37.8 17.4
SED032 213700.42 9925762.77 158.533 -67 176 97.4 116.7 19.3 19.3m @ 4.03 2.08 87.4 46 56.7
SED032 213700.42 9925762.77 158.533 -67 176 122 128.5 6.5 6.5m @ 0.93 0.3 28.7 28.8 22
SED033 213699.77 9925762.36 158.509 -56 203 72.7 86 13.3 13.3m @ 3.28 1.85 64.4 39.9 34.9
SED033 213699.77 9925762.36 158.509 -56 203 102.9 105.9 3 3m @ 2 0.89 49.9 35 56.2
SED034 213645.66 9925650.32 158.995 -49 357 72.4 75.5 3.1 3.1m @ 1.43 0.59 37.8 28.1 18.5
SED034 213645.66 9925650.32 158.995 -49 357 106.4 123.9 17.5 17.5m @ 4.71 2.86 83.1 34.7 58.6
SERC003 213899.91 9925691.13 205.536 -73 180 86 98.9 12.9 12.9m @ 2.97 0.51 110.5 51.6 20.4
SERC004 213897.56 9925656 194.752 -75 180 49 57 8 8m @ 1.46 1.34 5.3 28.3 29.4
SERC007 213875.26 9925666.46 193.093 -84 179 51.1 70 18.9 18.9m @ 1.59 0.54 47.1 49.2 19.2
SERC007 213875.26 9925666.46 193.093 -84 179 70.3 81 10.7 10.7m @ 1.21 0.39 36.5 32.7 18.4
SERC008 213874.95 9925694.92 203.538 -81 180 88 114.3 26.3 26.3m @ 3.16 1.38 80.2 88.2 18.7
SERC008 213874.95 9925694.92 203.538 -81 180 114.5 117.6 3.1 3.1m @ 3.44 1.92 68.4 17.5 17.6
SERC009 213824.98 9925750.18 208.109 -73 179 155.7 170.2 14.5 14.5m @ 1.96 0.84 50.6 34.8 39.1

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

SERC010 213825.55 9925717.59 203.129 -71 179 48 54 6 6m @ 4.81 4.75 2.7 49 26.2
SERC010 213825.55 9925717.59 203.129 -71 179 81 90.7 9.7 9.65m @ 4.48 2.13 105.8 22.4 17.1
SERC010 213825.55 9925717.59 203.129 -71 179 90.9 95.8 4.9 4.9m @ 5 1.45 159.8 53 17.7
SERC010 213825.55 9925717.59 203.129 -71 179 96 110.3 14.4 14.35m @ 3.02 0.94 93.4 27.3 17.3
SERC010 213825.55 9925717.59 203.129 -71 179 111.1 115.3 4.2 4.2m @ 2.04 0.71 60 474 13.7
SERC010 213825.55 9925717.59 203.129 -71 179 115.5 119.5 4 4m @ 4.15 1.98 98 59.5 50.5
SERC011 213825.49 9925716.49 203.099 -56 180 65.4 80.4 15 15m @ 2.51 1.77 33.2 27.9 65.7
SERC012 213850.15 9925663.32 187.302 -68 180 27 41 14 14m @ 3.97 3.92 2.4 16.7 21.5
SERC014 213850.56 9925700.31 196.779 -69 175 63 95 32 32m @ 2.84 0.82 91.2 54.8 51.4
SERC015 213850.53 9925699.41 196.752 -82.5 172 52 56 4 4m @ 0.54 0.32 10 111 18
SERC015 213850.53 9925699.41 196.752 -82.5 172 89.7 127.2 37.5 37.5m @ 3.39 1.45 87.3 37.7 25.6
SERC016 213799.45 9925716.78 193.316 -72 178 32 36 4 4m @ 0.55 0.54 0.5 54 23
SERC016 213799.45 9925716.78 193.316 -72 178 67 107.1 40.1 40.1m @ 3.29 1.04 101.4 47.7 29.6
SERC017 213774.73 9925695.78 177.37 -58 180 6 37 31 31m @ 2.74 2.59 6.9 32.4 32.1
SERC018 213749.85 9925690.1 165.01 -50 180 0 11 11 11m @ 1.69 1.56 5.9 40.5 23.6
SERC019 213724.35 9925748.55 163.232 -65 180 72 85.6 13.6 13.6m @ 6.19 3.39 126.1 40.5 40
SERC020 213660.04 9925688.32 137.964 -52 0 8 12 4 4m @ 1.31 0.67 29 43.5 40.8
SERC020 213660.04 9925688.32 137.964 -52 0 37 40 3 3m @ 0.63 0.35 12.3 31.7 14.7
SERC020 213660.04 9925688.32 137.964 -52 0 47 69.5 22.5 22.5m @ 4.49 2.08 108.3 52.2 50.7
SERC021 213660.3 9925687.09 138.11 -74 0 32 37 5 5m @ 2.2 1.09 50 36 38.8
SERC021 213660.3 9925687.09 138.11 -74 0 42 50.2 8.2 8.15m @ 0.88 0.42 20.8 39.2 27.9
SERC021 213660.3 9925687.09 138.11 -74 0 64 67.3 3.3 3.3m @ 2.46 1.14 59.5 59.8 74.3
SERC021 213660.3 9925687.09 138.11 -74 0 67.5 73.1 5.6 5.55m @ 3.22 0.62 117 99.3 138.1
SERC021 213660.3 9925687.09 138.11 -74 0 73.3 79.9 6.7 6.65m @ 3.8 1.05 124 62.7 158.9
SERC021 213660.3 9925687.09 138.11 -74 0 83.5 91 7.5 7.45m @ 5.64 1.49 186.9 64.2 231.1
SERC021 213660.3 9925687.09 138.11 -74 0 94 98 4.1 4.05m @ 11.28 6.15 230.7 32.7 65.5
SERC021 213660.3 9925687.09 138.11 -74 0 99.2 107.1 7.9 7.9m @ 8.26 4.37 175 18.3 49.8
SERC021 213660.3 9925687.09 138.11 -74 0 109.1 112.1 3 3m @ 3.41 2.07 60.3 47 62.7
SERC021 213660.3 9925687.09 138.11 -74 0 115.7 120 4.3 4.3m @ 1.16 0.37 35.4 64.1 67.7
SERC022 213801.26 9925751.05 205.067 -68 176 134.4 146.7 12.3 12.3m @ 2.66 1.07 71.5 30 38.5
SERC022 213801.26 9925751.05 205.067 -68 176 148.3 151.3 3 3m @ 1.44 0.74 31.7 20.7 15.3
SERC023 213801.26 9925751.55 205.068 -76 178 55 58 3 3m @ 1.07 1.06 0.7 81 20.3
SERC023 213801.26 9925751.55 205.068 -76 178 161.6 168.4 6.8 6.8m @ 0.87 0.41 20.7 24 21.6
SERC025 213779.29 9925752.63 198.267 -71.5 178 127.7 141.3 13.6 13.55m @ 4.2 1.72 111.8 47.5 56.3
SERC025 213779.29 9925752.63 198.267 -71.5 178 142 151.5 9.6 9.55m @ 2.62 1.17 65 25.1 22.7
SERC026 213799.45 9925716.78 193.316 -60.5 180 34 37 3 3m @ 0.67 0.66 0.5 57 13.7
SERC026 213799.45 9925716.78 193.316 -60.5 180 54 83 29 29m @ 1.76 0.63 50.5 45.9 30.6
SERC027 213624.88 9925810.02 163.228 -58 180 98 102 4 4m @ 0.59 0.52 3 45 10
SERC027 213624.88 9925810.02 163.228 -58 180 159.5 164.3 4.8 4.8m @ 3.07 1.39 75.6 23.2 31.6
SERC027 213624.88 9925810.02 163.228 -58 180 164.6 173.5 8.9 8.95m @ 2.52 1.69 37.2 82.6 106.5
SERC028 213781.66 9925755.25 198.471 -64 178 115.6 128.3 12.8 12.75m @ 5.33 4.02 58.8 20.9 25.8
SERC028 213781.66 9925755.25 198.471 -64 178 129 138.1 9.1 9.1m @ 3.12 1.49 73.4 21.4 16.3
SERC029 213726.39 9925800.48 194.679 -67 173 179.9 183.5 3.6 3.6m @ 5.85 3.05 125.7 17.7 28.3
SERC029 213726.39 9925800.48 194.679 -67 173 184 189 5 5m @ 3.44 1.26 98 29.8 85
SERC029 213726.39 9925800.48 194.679 -67 173 189.2 197.4 8.2 8.2m @ 2.41 1.05 61.1 26.9 47.3
SERC030 213874.87 9925738.24 208.911 -77 180 167.5 174.6 7.1 7.13m @ 0.65 0.39 11.5 29.9 20.7
SERC031 213726.23 9925803.58 195.425 -74 179.5 221.7 236.3 14.6 14.55m @ 5.09 3.09 90.3 61.6 145.7
SERC032 213654.66 9925691.27 137.687 -62 0 7 15 8 8m @ 0.7 0.27 19.1 37.6 21.9
SERC032 213654.66 9925691.27 137.687 -62 0 47 52 5 5m @ 0.84 0.3 24.4 40 32.4
SERC032 213654.66 9925691.27 137.687 -62 0 56 63.7 7.7 7.65m @ 2.02 1.24 35.2 36 46
SERC032 213654.66 9925691.27 137.687 -62 0 63.9 72.4 8.6 8.55m @ 3.36 2.18 53.1 42.9 52.5
SERC032 213654.66 9925691.27 137.687 -62 0 72.7 79 6.3 6.3m @ 2.06 1.11 42.9 34.9 45.1
SERC032 213654.66 9925691.27 137.687 -62 0 79.2 84.5 5.3 5.3m @ 6.32 3.3 135.8 50.7 35.6
SERC033 213650.75 9925790.77 161.681 -64 180 137.1 160.9 23.8 23.75m @ 6.17 3.12 137.3 83.1 108.8

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

SERC034 213662.38 9925765.09 146 -71.5 180 82 92.5 10.5 10.45m @ 1.08 0.5 26.1 60.4 16.7
SERC034 213662.38 9925765.09 146 -71.5 180 97.1 105.5 8.4 8.4m @ 7.39 4.15 145.8 24.3 49.2
SERC034 213662.38 9925765.09 146 -71.5 180 105.7 110.7 5 5m @ 15.8 10.46 240.1 17.6 37.1
SERC034 213662.38 9925765.09 146 -71.5 180 115.4 121.1 5.7 5.7m @ 1.76 0.72 46.8 52.9 59.1
SERC034 213662.38 9925765.09 146 -71.5 180 124.6 128.1 3.5 3.5m @ 1.31 0.49 37.3 44.9 46.7
SERC034 213662.38 9925765.09 146 -71.5 180 130.1 139.9 9.8 9.8m @ 2.6 1.14 65.9 76.7 122.6
SERC035 213574.48 9925749.17 125.599 -68 180 74.7 80 5.3 5.25m @ 4.3 2.57 78.1 81.5 78.2
SERC035 213574.48 9925749.17 125.599 -68 180 80.3 88.7 8.5 8.45m @ 2.37 0.9 66.4 79.1 123.3
SERC036 213574.48 9925749.17 125.999 -80 175.5 88.6 94.4 5.8 5.8m @ 0.86 0.5 16.2 40.3 36
SERC037 213525.18 9925754.58 123.813 -72 180 78.7 85.6 6.9 6.9m @ 2.24 1.4 37.9 51.7 21.7
SERC038 213699.97 9925762.1 160.657 -83.5 180 158.1 161.2 3.1 3.1m @ 2.75 1.04 77.2 45.2 51
SERC038 213699.97 9925762.1 160.657 -83.5 180 172.7 190.7 18.1 18.05m @ 2.25 1.05 54 48.2 224.5
SERC039 213671.35 9925666.46 151.209 -51 360 40 45 5 5m @ 2.03 1.38 29.2 29.2 24.8
SERC039 213671.35 9925666.46 151.209 -51 360 63 104.1 41.1 41.1m @ 3.25 1.92 59.9 50.2 45.1
SERC040 213671.26 9925665.47 151.198 -65 0 79 124 45 45m @ 4.69 2.71 88.7 44.8 56.2
SERC040 213671.26 9925665.47 151.198 -65 0 130.5 154.3 23.8 23.8m @ 4.58 2.32 101.7 35.9 63.7
SERC042 213669.98 9925809.25 171.932 -74.5 180 220.8 234.2 13.4 13.35m @ 0.88 0.5 17.2 167.3 504.6
SERC043 213685.92 9925818.08 179.097 -51 180 46 50 4 4m @ 1.01 0.43 26
SERC043 213685.92 9925818.08 179.097 -51 180 136.3 164.3 28 27.95m @ 6.85 4.07 125.1 31.5 56.2
SERC044 213685.92 9925818.08 179.097 -58.5 180 151.9 155.7 3.8 3.75m @ 1.29 0.53 34.3 55.2 20.7
SERC044 213685.92 9925818.08 179.097 -58.5 180 159.6 171 11.4 11.4m @ 9.69 5.39 193.9 42 99.2
SERC044 213685.92 9925818.08 179.097 -58.5 180 178.1 190.8 12.7 12.7m @ 3.64 1.37 101.9 55.7 99.6
SERC045 213685.92 9925818.08 179.097 -63.5 180 177.9 206 28.1 28.1m @ 6 3.92 93.5 54 130.2
SERC046 213685.92 9925818.08 179.097 -66 180 187.5 211.7 24.2 24.2m @ 5.21 2.74 111.3 83 146.3
SERC047 213685.92 9925818.08 179.097 -72.5 180 237.6 240.6 3 3m @ 1.1 0.89 9.3 96 158.7

Serujan drill hole collar locations for drill holes completed by IMK (2005 and 2010/11 drilling).

HOLEID EAST NORTH RL DEPTH **Type ** HOLEID EAST NORTH RL DEPTH Type
CEDH001 212829.05 9926043.90 105.1 37.5 DDH SCD008 212718.62 9925910.21 59.5 130.6 DDH
CEDH002 213481.60 9925799.36 135.2 138.0 DDH SED001 213624.88 9925810.02 163.2 161.5 DDH
CEDH003 213499.54 9925793.47 137.4 132.7 DDH SED002 213624.88 9925810.02 163.2 226.9 DDH
CEDH004 213475.71 9925750.05 122.3 94.8 DDH SED003 213750.04 9925620.69 150.1 189.1 DDH
CEDH005 213475.95 9925750.81 122.3 117.7 DDH SED004 213722.63 9925634.19 149.0 150.3 DDH
CEDH006 213450.17 9925733.40 128.3 48.1 DDH SED005 213574.48 9925749.17 125.6 74.5 DDH
CEDH007 213449.31 9925761.98 123.2 114.0 DDH SED006 213599.86 9925741.20 126.7 74.5 DDH
CEDH008 213450.38 9925785.30 122.6 130.5 DDH SED007 213660.14 9925739.63 128.1 65.1 DDH
CEDH009 213451.80 9925797.35 122.0 147.3 DDH SED008 213749.57 9925794.57 200.2 184.2 DDH
CEDH010 213474.67 9925821.24 135.8 175.8 DDH SED009 213549.63 9925749.10 124.0 60.0 DDH
CEDH011 213474.52 9925823.34 135.8 190.9 DDH SED010 213549.63 9925749.10 124.0 65.6 DDH
CEDH012 213499.73 9925804.90 135.7 156.2 DDH SED011 213549.63 9925749.10 124.0 80.0 DDH
CEDH013 213524.55 9925792.30 136.2 178.4 DDH SED012 213699.97 9925762.10 160.7 176.8 DDH
CEDH014 213550.95 9925781.16 134.9 97.4 DDH SED014 213800.92 9925848.91 207.8 249.1 DDH
CEDH015 213548.82 9925792.06 135.6 124.4 DDH SED015 213774.59 9925849.85 207.5 248.6 DDH
CEDH016 213557.05 9925786.62 135.8 94.6 DDH SED016 213774.53 9925850.76 207.5 266.6 DDH
CEDH017 213400.10 9925794.26 123.8 135.3 DDH SED017 213774.62 9925850.64 207.8 289.8 DDH
CEDH018 213426.03 9925812.14 124.5 167.8 DDH SED018 213751.78 9925861.29 207.0 258.0 DDH

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

CEDH019 213451.63 9925807.36 124.5 169.7 DDH SED019 213751.76 9925861.72 207.0 269.6 DDH
CEDH020 213372.93 9925809.36 123.6 181.6 DDH SED020 213751.85 9925862.03 207.0 270.7 DDH
CEDH021 213599.97 9925821.52 146.4 46.6 DDH SED021 213719.66 9925836.63 201.1 235.6 DDH
CEDH022 213575.29 9925830.14 146.1 198.5 DDH SED022 213719.61 9925836.96 201.1 243.0 DDH
CEDH023 213350.78 9925819.46 122.4 153.1 DDH SED023 213641.58 9925809.34 166.6 171.9 DDH
CEDH024 213575.00 9925829.00 198.5 116.3 DDH SED024 213719.78 9925837.13 201.1 275.0 DDH
SCD001 212649.88 9925909.58 76.2 132.2 DDH SED025 213698.68 9925804.72 182.1 215.4 DDH
SCD002 212823.76 9925943.34 61.2 112.0 DDH SED027 213826.67 9925750.04 206.6 159.5 DDH
SCD003 212875.16 9925962.98 62.7 151.6 DDH SED028 213803.04 9925751.88 203.8 153.5 DDH
SCD004 212925.19 9925951.87 64.7 151.8 DDH SED029 213774.21 9925757.92 193.3 132.0 DDH
SCD005 212899.65 9925954.26 64.0 152.9 DDH SED030 213730.01 9925804.19 194.1 204.0 DDH
SCD006 212725.56 9925912.97 59.1 127.8 DDH SED031 213730.01 9925804.19 194.1 175.8 DDH
SCD007 212950.00 9925943.00 68.7 168.0 DDH SED032 213700.42 9925762.77 158.5 142.5 DDH
SED033 213699.77 9925762.36 158.5 117.1 DDH CERC040 213376.70 9925829.47 120.6 110.0 RC
SED034 213645.66 9925650.32 159.0 133.6 DDH CERC041 213303.95 9925765.55 135.9 85.0 RC
CERC001 212805.92 9926011.44 103.6 100.0 RC CERC042 213374.62 9925789.20 128.2 107.0 RC
CERC002 212831.21 9926043.57 105.1 100.0 RC CERC043 213321.99 9925780.75 131.9 86.0 RC
CERC003 212879.80 9926044.67 106.3 100.0 RC CERC044 213350.22 9925804.91 125.6 120.0 RC
CERC004 212818.53 9926006.76 100.0 100.0 RC CERC045 213353.09 9925790.17 126.9 105.0 RC
CERC005 212893.08 9926009.36 98.3 100.0 RC CERC046 213325.74 9925799.00 128.3 125.0 RC
CERC006 212929.37 9925994.10 94.4 102.0 RC CERC047 213301.50 9925785.22 130.5 110.0 RC
CERC007 212770.00 9926003.48 101.5 120.0 RC CERC048 213300.56 9925809.23 122.7 130.0 RC
CERC008 212781.01 9926027.71 103.7 90.0 RC CERC049 213277.05 9925823.51 122.3 120.0 RC
CERC011 213130.10 9925818.78 128.1 60.0 RC CERC050 213275.05 9925798.95 124.9 95.0 RC
CERC012 213130.50 9925841.75 129.4 90.0 RC CERC051 213268.51 9925846.24 121.2 57.0 RC
CERC013 213155.04 9925826.67 131.0 81.0 RC CERC052 213251.47 9925810.51 124.2 96.0 RC
CERC014 213152.15 9925807.75 131.6 72.0 RC CERC053 213228.25 9925811.84 124.4 135.0 RC
CERC015 213180.75 9925772.41 134.9 78.0 RC CERC054 213226.44 9925789.98 129.6 100.0 RC
CERC016 212941.21 9925995.87 93.2 100.0 RC CERC055 213200.52 9925827.43 126.1 116.0 RC
CERC017 212476.05 9925910.67 75.6 110.0 RC CERC056 213201.36 9925806.98 128.2 100.0 RC
CERC018 212853.65 9925994.49 96.9 130.0 RC CERC057 213200.80 9925780.34 132.7 100.0 RC
CERC019 212400.98 9925887.04 71.7 70.0 RC CERC058 213174.74 9925836.87 127.0 120.0 RC
CERC020 212424.11 9925915.38 72.4 104.0 RC CERC059 213131.03 9925862.25 130.1 114.0 RC
CERC021 212399.76 9925919.40 73.0 84.0 RC CERC060 213266.23 9925846.15 120.9 130.0 RC
CERC022 212449.61 9925942.41 73.1 110.0 RC SCRC019 212666.80 9926147.80 99.3 70.0 RC
CERC023 212400.11 9925854.65 73.8 40.0 RC SCRC020 212724.55 9926145.13 102.2 70.0 RC
CERC024 213381.08 9925772.92 133.9 90.0 RC SCRC021 212774.37 9926143.08 104.5 82.0 RC
CERC025 213403.97 9925761.94 135.0 80.0 RC SCRC022 212603.52 9926096.41 88.2 82.0 RC
CERC026 213503.35 9925737.15 121.9 26.0 RC SCRC023 212825.38 9926152.11 106.8 91.0 RC
CERC026A 213503.13 9925740.40 122.0 80.0 RC SCRC025 212591.58 9926073.90 85.2 90.0 RC
CERC027 212477.76 9925845.10 85.9 40.0 RC SCRC026 212585.77 9926053.33 83.6 70.0 RC

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

CERC028 212475.22 9925878.17 85.0 70.0 RC SCRC0 27 21258 7.75 992603 4.07 8 1.6 81 .0 RC RC
CERC029 212415.98 9925846.13 77.8 40.0 RC SCRC0 28 21261 1.83 992611 8.08 9 3.3 80 .0 RC
CERC030 212426.45 9925879.94 72.6 75.0 RC SCRC0 29 21261 7.12 992613 3.69 9 2.8 88 .0 RC
CERC031 213428.41 9925748.47 133.9 80.0 RC SCRC0 32 21259 1.50 992606 6.64 8 5.1 90 .0 RC
CERC032 213450.09 9925759.97 123.2 110.0 RC SCRC0 33 21261 2.99 992611 5.44 9 3.6 90 .0 RC
CERC033 213499.77 9925774.24 132.2 107.0 RC SERC0 04 21389 7.56 992565 6.00 1 94.8 64 .0 RC
CERC034 213474.37 9925765.77 123.1 107.0 RC SERC0 05 21389 7.56 992565 7.28 1 94.7 52 .0 RC
CERC035 213450.21 9925743.85 124.6 80.0 RC SERC0 06 21387 5.18 992566 5.08 1 93.0 58 .0 RC
CERC036 213424.89 9925770.43 123.5 82.0 RC SERC0 12 21385 0.15 992566 3.32 1 87.3 52 .0 RC
CERC037 213425.62 9925802.12 121.1 102.0 RC SERC0 13 21385 0.19 992566 2.21 1 87.2 46 .0 RC
CERC038 213375.95 9925822.42 120.5 18.0 RC SERC0 17 21377 4.73 992569 5.78 1 77.4 52 .0 RC
CERC039 213400.87 9925795.21 123.9 120.0 RC SERC0 18 21374 9.85 992569 0.10 1 65.0 42 .0 RC
HOLEID EAST NORTH RL DEPTH Type HOLEID EAST NORTH RL DEPTH Type
SERC024 213779.25 9925752.32 198.2 94.0 RC SERC009 213824.98 9925750.18 208.1 176.7 RD
SERC026 213799.45 9925716.78 193.3 88.0 RC SERC010 213825.55 9925717.59 203.1 123.1 RD
SCRC001 213049.45 9925990.60 116.2 261.5 RD SERC011 213825.49 9925716.49 203.1 93.8 RD
SCRC002 213005.68 9925959.82 87.7 199.2 RD SERC014 213850.56 9925700.31 196.8 100.0 RD
SCRC003 212974.55 9925972.58 90.7 183.5 RD SERC015 213850.53 9925699.41 196.8 132.1 RD
SCRC004 212555.13 9925908.49 86.5 113.8 RD SERC016 213799.45 9925716.78 193.3 122.3 RD
SCRC005 212555.00 9925909.23 86.5 134.7 RD SERC019 213724.35 9925748.55 163.2 106.5 RD
SCRC006 212575.02 9925911.17 87.9 157.1 RD SERC020 213660.04 9925688.32 138.0 89.6 RD
SCRC007 212549.56 9925912.50 86.5 113.4 RD SERC021 213660.30 9925687.09 138.1 126.9 RD
SCRC008 212600.15 9925921.36 90.1 130.0 RD SERC022 213801.26 9925751.05 205.1 161.6 RD
SCRC009 212624.90 9925926.22 91.2 145.4 RD SERC023 213801.26 9925751.55 205.1 194.7 RD
SCRC010 212649.79 9925934.62 92.0 156.5 RD SERC025 213779.29 9925752.63 198.3 161.6 RD
SCRC011 212698.91 9925959.06 92.2 187.0 RD SERC027 213624.88 9925810.02 163.2 173.5 RD
SCRC012 212749.11 9925972.84 95.1 167.7 RD SERC028 213781.66 9925755.25 198.5 139.0 RD
SCRC013 212749.21 9925973.57 95.1 189.0 RD SERC029 213726.39 9925800.48 194.7 202.5 RD
SCRC014 212793.49 9925993.89 102.7 172.5 RD SERC030 213874.87 9925738.24 208.9 183.6 RD
SCRC015 212924.33 9925993.83 94.9 194.7 RD SERC031 213726.23 9925803.58 195.4 250.0 RD
SCRC016 212924.33 9925993.83 94.9 239.9 RD SERC032 213654.66 9925691.27 137.7 116.0 RD
SCRC017 212824.11 9925992.93 93.7 182.7 RD SERC033 213650.75 9925790.77 161.7 166.2 RD
SCRC017A 212824.11 9925992.93 93.7 220.0 RD SERC034 213662.38 9925765.09 146.0 161.9 RD
SCRC018 212856.13 9926012.80 100.3 184.0 RD SERC035 213574.48 9925749.17 125.6 92.2 RD
SCRC024 212949.99 9925984.03 93.6 263.9 RD SERC036 213574.48 9925749.17 126.0 101.9 RD
SCRC030 212856.15 9926011.38 100.6 215.9 RD SERC037 213525.18 9925754.58 123.8 119.4 RD
SCRC031 212875.00 9926016.23 101.6 218.5 RD SERC038 213699.97 9925762.10 160.7 220.0 RD
SCRC034 212825.16 9925993.98 93.7 234.3 RD SERC039 213671.35 9925666.46 151.2 110.5 RD
SCRC035 212874.94 9926016.85 101.5 242.9 RD SERC040 213671.26 9925665.47 151.2 170.6 RD
SCRC036 212895.24 9926006.94 98.7 236.5 RD SERC041 213749.82 9925622.29 150.4 245.6 RD
SCRC037 212794.69 9925995.02 102.6 217.7 RD SERC042 213669.98 9925809.25 171.9 238.1 RD

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

SCRC 038 212794. 74 9925996. 08 102.7 258.8 RD SERC043 SERC043 213685.92 9925818.08 179.1 186.0 RD
SCRC 039 212973. 90 9925969. 41 89.4 185.5 RD SERC044 213685.92 9925818.08 179.1 197.5 RD
SCRC 040 212774. 61 9925995. 21 100.7 206.9 RD SERC045 213685.92 9925818.08 179.1 212.4 RD
SCRC 041 212774. 98 9925996. 01 100.6 243.5 RD SERC046 213685.92 9925818.08 179.1 243.0 RD
SCRC 042 212725. 00 9925979. 00 96.2 199.0 RD SERC047 213685.92 9925818.08 179.1 250.3 RD
SCRC043 212749.11 9925972.84 95.1 174.0 RD
SERC001 213797.60 9925587.37 156.0 301.6 RD
SERC002 213797.62 9925588.22 156.0 226.2 RD
SERC003 213899.91 9925691.13 205.5 146.5 RD
SERC007 213875.26 9925666.46 193.1 101.3 RD
SERC008 213874.95 9925694.92 203.5 145.4 RD

Serujan down hole surveys for drill holes completed by IMK (2005 drilling and 2010/11 drilling).

HOLEID DEPTH AZI DIP SURVTYPE HOLEID DEPTH AZI DIP SURVTYPE
CEDH001 0 180 -60 COM CEDH013 140 176.1 -77.3 SSC
CEDH002 0 180 -59 COM CEDH013 170 175 -77.4 SSC
CEDH002 20 178.4 -58.3 SSC CEDH013 178.4 175 -77.4 EST
CEDH002 50 179 -58 SSC CEDH014 0 180 -65 COM
CEDH002 80 177.9 -57.8 SSC CEDH014 50 181.7 -64.6 SSC
CEDH002 110 177.4 -57.5 SSC CEDH014 80 179.3 -65.5 EST
CEDH002 138 178.4 -61.7 SSC CEDH015 0 180 -68 COM
CEDH003 0 180 -59 COM CEDH015 20 180.6 -68.8 EST
CEDH003 20 178.4 -58.3 SSC CEDH015 80 182.2 -68.8 EST
CEDH003 50 178.4 -58.4 SSC CEDH015 110 182.6 -68.9 EST
CEDH003 80 179.4 -58.4 SSC CEDH016 0 162 -73 COM
CEDH003 110 174.8 -58.1 SSC CEDH016 20 161.9 -73.1 SSC
CEDH003 123.7 176.4 -57.8 SSC CEDH016 50 163 -73.2 SSC
CEDH004 0 180 -50 COM CEDH016 80 164.5 -73.5 SSC
CEDH004 20 185.1 -51.4 SSC CEDH017 0 180 -74 COM
CEDH004 50 186.7 -52.1 SSC CEDH017 20 181.4 -73.4 SSC
CEDH004 80 184.5 -53 SSC CEDH017 50 184.6 -72.9 SSC
CEDH004 94.8 185.4 -52.8 SSC CEDH017 80 180.7 -73.1 EST
CEDH005 117.7 187.3 -74.4 COM CEDH017 120 180.5 -72.9 EST
CEDH006 20 178.1 -53 COM CEDH017 135.3 180.3 -73.2 EST
CEDH006 48.1 177.2 -52.6 COM CEDH018 0 180 -74 COM
CEDH007 0 180 -59 COM CEDH018 20 179.8 -71.4 SSC
CEDH007 50 178.4 -60.2 SSC CEDH018 50 178.6 -71.7 SSC
CEDH007 80 176.8 -61.1 SSC CEDH018 80 179 -71.6 SSC
CEDH008 0 180 -60 COM CEDH018 110 178.8 -71.9 SSC
CEDH008 20 176.2 -60.5 SSC CEDH018 140 180.7 -71.8 SSC
CEDH008 50 175.4 -60.6 SSC CEDH019 0 180 -72 COM
CEDH008 80 176.7 -60.4 SSC CEDH019 80 177.8 -73.4 EST
CEDH008 110 179.1 -60.7 SSC CEDH019 110 178.4 -74.3 EST
CEDH008 130.5 177.7 -61.2 SSC CEDH019 140 180 -74.2 EST
CEDH009 0 180 -65 COM CEDH020 0 180 -80 COM
CEDH009 20 179.6 -65.7 SSC CEDH020 20 183 -81.4 EST
CEDH009 50 179.2 -65.8 SSC CEDH020 50 183.2 -81.7 EST
CEDH009 80 179.7 -65.4 SSC CEDH020 80 184 -81.3 EST
CEDH009 110 179.8 -65 SSC CEDH020 110 184.3 -81.1 EST
CEDH009 140 181.9 -65.9 SSC CEDH020 140 185.1 -80.8 EST
CEDH009 147.3 181.9 -65.9 SSC CEDH020 170 185.3 -81.1 EST
CEDH010 0 180 -60 COM CEDH021 0 180 -50 COM
CEDH010 20 183.2 -61.6 SSC CEDH021 46.6 180 -50 SSC

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

CEDH010 50 182.7 -61.6 SSC CEDH022 0 180 -63 COM
CEDH010 80 181.2 -61.2 SSC CEDH022 20 178.5 -64.8 SSC
CEDH010 140 183.6 -62.5 SSC CEDH022 50 181.5 -64.8 SSC
CEDH010 175.8 180.5 -62.5 SSC CEDH022 80 182 -64.6 SSC
CEDH011 0 180 -69 COM CEDH022 110 180.7 -63.9 SSC
CEDH011 20 184.2 -69.1 SSC CEDH022 140 181.2 -62 SSC
CEDH011 50 180.7 -69.7 SSC CEDH022 170 180.1 -63.7 SSC
CEDH011 80 184.2 -69.3 SSC CEDH022 198.5 180.4 -63.8 SSC
CEDH011 110 181.7 -69.6 SSC CEDH023 0 180 -69 COM
CEDH011 140 181.6 -69.5 SSC CEDH023 16 178 -69.8 SSC
CEDH011 170 184.6 -69.9 SSC CEDH023 20 177.9 -68.5 SSC
CEDH011 190.9 185.8 -70 SSC CEDH023 50 179.7 -67.8 SSC
CEDH012 0 180 -64 COM CEDH023 80 186.2 -68.4 SSC
CEDH012 20 178.3 -63.3 SSC CEDH023 110 169.3 -68 SSC
CEDH012 50 179.1 -64 SSC CEDH023 140 181.1 -68.1 SSC
CEDH012 80 177.7 -63.4 SSC CEDH023 153.1 181.1 -68.1 EST
CEDH012 110 177.9 -63.6 SSC CEDH024 0 180 -52 COM
CEDH012 140 178.8 -63.3 SSC CEDH024 0 179.8 -52.1 SSC
CEDH012 156.2 178.9 -63.4 EST CERC001 0 180 -50 COM
CEDH013 0 180 -77 COM CERC001 100 180 -50 EST
CEDH013 20 178.7 -76.7 SSC CERC002 0 180 -60 COM
CEDH013 50 178.8 -76.8 SSC CERC002 100 180 -60 EST
CEDH013 80 179.7 -76.8 SSC CERC003 0 180 -57 COM
CEDH013 110 178.1 -77.1 SSC CERC003 100 180 -57 EST
CERC004 0 180 -55 COM CERC036 82 180 -59 EST
CERC004 100 180 -55 EST CERC037 0 180 -58 COM
CERC005 0 180 -45 COM CERC037 102 180 -58 EST
CERC005 100 180 -45 EST CERC038 0 180 -56 COM
CERC006 0 180 -50 COM CERC038 18 180 -56 EST
CERC006 102 180 -50 EST CERC039 0 180 -60 COM
CERC007 0 180 -55 COM CERC039 120 180 -60 EST
CERC007 120 180 -55 EST CERC040 0 180 -55 COM
CERC008 0 180 -60 COM CERC040 110 180 -55 EST
CERC008 90 180 -60 EST CERC041 0 180 -59 COM
CERC009 0 180 -50 COM CERC041 85 180 -59 EST
CERC009 114 180 -50 EST CERC042 0 180 -60 COM
CERC010 0 180 -60 COM CERC042 107 180 -60 COM
CERC010 40 180 -60 EST CERC043 0 180 -59 COM
CERC011 0 180 -60 COM CERC043 86 180 -59 COM
CERC011 60 180 -60 EST CERC044 0 180 -56 COM
CERC012 0 180 -60 COM CERC044 120 180 -56 EST
CERC012 90 180 -60 EST CERC045 0 180 -56 COM
CERC013 0 180 -60 COM CERC045 105 180 -56 EST
CERC013 81 180 -60 EST CERC046 0 180 -60 COM
CERC014 0 180 -60 COM CERC046 125 180 -60 EST
CERC014 72 180 -60 EST CERC047 0 180 -60 COM
CERC015 0 180 -60 COM CERC047 110 180 -60 EST
CERC015 78 180 -60 EST CERC048 0 180 -59 COM
CERC016 0 180 -45 COM CERC048 130 180 -59 EST
CERC016 100 180 -45 EST CERC049 0 180 -58 COM
CERC017 0 180 -60 COM CERC049 120 180 -58 EST
CERC017 110 180 -60 EST CERC050 0 180 -60 COM
CERC018 0 180 -50 COM CERC050 95 180 -60 EST
CERC018 130 180 -50 EST CERC051 0 180 -60 COM
CERC019 0 180 -60 COM CERC051 57 180 -60 COM
CERC019 70 180 -60 EST CERC052 0 180 -57 COM
CERC020 0 180 -60 COM CERC052 96 180 -57 EST
CERC020 104 180 -60 EST CERC053 0 180 -61 COM
CERC021 84 180 -60 EST CERC053 135 180 -61 EST
CERC022 0 180 -60 COM CERC054 0 180 -58 COM
CERC022 110 180 -60 EST CERC054 100 180 -58 EST
CERC023 0 180 -60 COM CERC055 0 180 -58 COM
CERC023 40 180 -60 EST CERC055 116 180 -58 EST
CERC024 0 180 -53 COM CERC056 0 180 -59 COM
CERC024 90 180 -53 EST CERC056 100 180 -59 EST
CERC025 0 180 -55 COM CERC057 0 180 -60 COM
CERC025 80 180 -55 EST CERC057 100 180 -60 EST

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

CERC026 0 180 -50 COM CERC058 0 180 -62 COM
CERC026 26 180 -50 EST CERC058 120 180 -62 EST
CERC026A 0 180 -50 COM CERC059 0 180 -60 COM
CERC026A 80 180 -50 EST CERC059 114 180 -60 EST
CERC027 0 180 -60 COM CERC060 0 180 -60 COM
CERC027 40 180 -60 EST CERC060 130 180 -60 EST
CERC028 0 180 -60 COM SCD001 0 180 -48 COM
CERC028 70 180 -60 EST SCD001 50 181.5 -51 SSC
CERC029 0 180 -60 COM SCD001 100 180 -50 SSC
CERC029 40 180 -60 EST SCD001 132.2 180.5 -50 SSC
CERC030 0 180 -71 COM SCD002 0 180 -53 COM
CERC030 75 180 -71 EST SCD002 50 178 -52 SSC
CERC031 0 180 -59 COM SCD002 100 178.5 -51 SSC
CERC031 80 180 -59 EST SCD002 112 178.5 -51 EST
CERC032 0 180 -59 COM SCD003 0 180 -51 COM
CERC032 110 180 -59 EST SCD003 50 179.5 -50 SSC
CERC033 0 180 -58 COM SCD003 100 179.5 -50 EST
CERC033 107 180 -58 EST SCD003 151.6 179 -50 EST
CERC034 0 180 -59 COM SCD004 0 180 -49 COM
CERC034 107 180 -59 EST SCD004 50 180 -49 SSC
CERC035 0 180 -56 COM SCD004 100 180 -49.5 SSC
CERC035 80 180 -56 EST SCD004 151.8 179 -49.5 SSC
CERC036 0 180 -59 COM SCD005 0 180 -50 COM
SCD005 50 180.5 -50 SSC SCRC013 188 177 -61 SSC
SCD005 100 180 -51 SSC SCRC013 189 177 -61 SSC
SCD005 150 181 -50.5 SSC SCRC014 0 180 -50 COM
SCD005 152.9 181 -50.5 EST SCRC014 100 185 -51 SSC
SCD006 0 180 -45 COM SCRC014 150 184 -50 SSC
SCD006 50 180 -44 SSC SCRC014 172.5 185 -50.5 SSC
SCD006 100 180 -45 SSC SCRC015 0 180 -50 COM
SCD007 0 180 -50 COM SCRC015 50 180 -50 EST
SCD007 70 180 -51 SSC SCRC015 100 182.5 -51 SSC
SCD007 100 179.5 -50 SSC SCRC015 150 182 -54 SSC
SCD007 150 180 -50 SSC SCRC015 194.7 180 -55 SSC
SCD007 168 180 -50 EST SCRC016 0 180 -63 COM
SCD008 0 202 -45 COM SCRC016 100 178 -62.5 SSC
SCD008 50 203.5 -45.5 SSC SCRC016 150 179 -62 SSC
SCD008 100 202.5 -46.5 SSC SCRC016 200 177 -63 SSC
SCD008 130.6 202.5 -45 EST SCRC016 239.9 177 -63.5 SSC
SCRC001 0 180 -65 COM SCRC017 0 180 -50 COM
SCRC001 50 180 -65 EST SCRC017 100 180 -50 SSC
SCRC001 100 182 -66 SSC SCRC017 150 180 -49.5 SSC
SCRC001 150 180 -67 SSC SCRC017 182.7 180 -49.5 SSC
SCRC001 200 180 -67 SSC SCRC017A 0 180 -60 COM
SCRC001 250 178.5 -68 SSC SCRC018 0 180 -52 COM
SCRC001 261.5 178.5 -68 EST SCRC018 50 180 -52 EST
SCRC002 0 180 -60 COM SCRC018 100 178 -52.5 SSC
SCRC002 50 180 -60 EST SCRC018 150 178 -53.5 SSC
SCRC002 100 184 -62 COM SCRC018 184 178 -55 SSC
SCRC002 150 181 -62.5 SSC SCRC019 0 180 -50 COM
SCRC002 199.2 180.5 -63 SSC SCRC019 70 180 -50 EST
SCRC003 0 180 -56 COM SCRC020 0 180 -50 COM
SCRC003 100 182 -58 SSC SCRC020 70 180 -50 EST
SCRC003 150 180 -59.5 SSC SCRC021 0 180 -50 COM
SCRC003 183.5 180 -59.5 EST SCRC021 82 180 -50 EST
SCRC004 0 180 -51 COM SCRC022 0 130 -50 COM
SCRC004 50 180 -51 EST SCRC022 82 130 -50 EST
SCRC004 100 182 -52.5 SSC SCRC023 0 180 -50 COM
SCRC004 113.8 182 -52.5 EST SCRC023 91 180 -50 EST
SCRC005 0 180 -62 COM SCRC024 0 180 -50 COM
SCRC005 100 180 -60.5 SSC SCRC024 50 180 -50 EST
SCRC005 134.7 180 -60.5 EST SCRC024 100 178 -51.5 SSC
SCRC006 0 180 -50 COM SCRC024 150 177 -51 SSC
SCRC006 100 179.5 -51 SSC SCRC024 200 181 -51.5 SSC
SCRC006 150 179.5 -51 SSC SCRC024 250 183 -52 SSC
SCRC006 157.1 179.5 -51 EST SCRC024 263.9 183 -52 EST
SCRC007 0 210 -50 COM SCRC025 0 50 -50 COM

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

SCRC007 100 213 -50 SSC SCRC025 50 50 -50 EST
SCRC007 113.4 213 -50 EST SCRC025 90 50 -50 EST
SCRC008 0 180 -50 COM SCRC026 0 50 -50 COM
SCRC008 100 185 -52 SSC SCRC026 50 50 -50 EST
SCRC008 130 185 -52 EST SCRC026 70 50 -50 EST
SCRC009 0 180 -50 COM SCRC027 0 50 -50 COM
SCRC009 100 181 -53 SSC SCRC027 50 50 -50 EST
SCRC009 145.4 181 -53 SSC SCRC027 81 50 -50 EST
SCRC010 0 180 -59 COM SCRC028 0 50 -50 COM
SCRC010 100 181 -61.5 SSC SCRC028 50 50 -50 EST
SCRC010 156.5 181 -62 SSC SCRC028 80 50 -50 EST
SCRC011 0 180 -50 COM SCRC029 0 50 -50 COM
SCRC011 100 171 -50 SSC SCRC029 50 50 -50 EST
SCRC011 150 172 -49.5 SSC SCRC029 88 50 -50 EST
SCRC011 187 170 -51 SSC SCRC030 0 180 -59 COM
SCRC012 0 180 -55 COM SCRC030 50 180 -59 EST
SCRC012 50 180 -55 EST SCRC030 100 184.5 -61 SSC
SCRC012 100 183 -55 SSC SCRC030 150 183.5 -62 SSC
SCRC013 0 180 -65 COM SCRC030 200 184.5 -62 SSC
SCRC013 50 180 -65 EST SCRC030 215.9 184.5 -62 EST
SCRC013 100 180 -65 EST SCRC031 0 180 -50 COM
SCRC013 150 177 -62 SSC SCRC031 50 180 -50 EST
HOLEID DEPTH AZI DIP SURVTYPE HOLEID DEPTH AZI DIP SURVTYPE
SCRC031 100 185 -53 SSC SED001 100 177 -47.5 SSC
SCRC031 150 186 -53 SSC SED001 150 175 -50 SSC
SCRC031 200 185 -53.5 SSC SED001 161.45 175 -50 EST
SCRC031 218.5 185 -53.5 EST SED002 0 180 -60 COM
SCRC032 0 130 -50 COM SED002 50 176 -62 SSC
SCRC032 90 130 -50 EST SED002 100 175.5 -63 SSC
SCRC033 0 130 -50 COM SED002 150 175 -63.5 SSC
SCRC033 90 130 -50 EST SED002 200 174 -64 SSC
SCRC034 0 180 -60 COM SED002 226.9 173 -65 SSC
SCRC034 50 180 -60 EST SED003 0 0 -50 COM
SCRC034 100 187 -63 SSC SED003 50 0 -51 SSC
SCRC034 150 185 -64 SSC SED003 100 0 -52 SSC
SCRC034 200 184 -64.5 SSC SED003 150 0 -53 SSC
SCRC034 234.3 183 -64 SSC SED003 189.1 0 -54 SSC
SCRC035 0 180 -58 COM SED004 0 0 -45 COM
SCRC035 50 180 -58 EST SED004 50 0 -47 SSC
SCRC035 100 182 -58.5 SSC SED004 100 0 -48 SSC
SCRC035 150 180.5 -60 SSC SED004 150.3 0 -49 SSC
SCRC035 200 180.5 -60 SSC SED005 0 180 -52 COM
SCRC035 242.9 182 -60 SSC SED005 50 180 -53 SSC
SCRC036 0 180 -50 COM SED005 74.5 180 -54 SSC
SCRC036 50 180 -50 EST SED006 0 180 -57 COM
SCRC036 100 180 -55 SSC SED006 50 180 -58 SSC
SCRC036 150 179 -55 SSC SED006 74.5 180 -58 SSC
SCRC036 200 180 -55.5 SSC SED007 0 180 -50 COM
SCRC036 236.5 180 -55.5 SSC SED007 50 177 -51 SSC
SCRC037 0 180 -59 COM SED007 65.1 177 -51 SSC
SCRC037 50 180 -59 EST SED008 0 180 -60 COM
SCRC037 100 186 -56.5 SSC SED008 50 179 -60 SSC
SCRC037 150 187 -57.5 SSC SED008 100 179.5 -61 SSC
SCRC037 200 188 -57 SSC SED008 150 179.5 -62 SSC
SCRC037 217.7 188 -57 EST SED008 184.2 177 -63 SSC
SCRC038 0 180 -68 COM SED009 0 180 -45 COM
SCRC038 50 181 -70 SSC SED009 60 182 -48 SSC
SCRC038 100 186 -71 SSC SED010 0 180 -60 COM
SCRC038 150 186 -71 SSC SED010 65.6 187 -62 SSC
SCRC038 200 186 -71 SSC SED011 0 180 -70 COM
SCRC038 250 187 -72 SSC SED011 50 185 -70 SSC
SCRC038 258.75 187 -72 EST SED011 80 187.5 -70.5 SSC
SCRC039 0 180 -50 COM SED012 0 180 -75 COM
SCRC039 50 180 -51 EST SED012 50 181 -76.5 SSC
SCRC039 100 185 -56 SSC SED012 100 181 -76.5 SSC
SCRC039 150 185 -56.5 SSC SED012 150 181 -77 SSC
SCRC039 182 185 -57 SSC SED012 176.8 180.5 -77 SSC

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

SCRC040 0 180 -50 COM SED014 0 180 -56 COM
SCRC040 50 180 -50 EST SED014 50 180 -56 SSC
SCRC040 100 187.5 -51 SSC SED014 100 178.5 -56.5 SSC
SCRC040 150 188 -51 SSC SED014 150 178 -56.5 SSC
SCRC040 200 187.5 -52 SSC SED014 200 179.8 -56 SSC
SCRC040 206.9 187.5 -52 EST SED014 249.1 179.5 -56 SSC
SCRC041 0 180 -62 COM SED015 0 180 -56 COM
SCRC041 50 180 -62 EST SED015 50 182 -56 SSC
SCRC041 100 184 -63 SSC SED015 100 183 -55 SSC
SCRC041 150 186 -63.5 SSC SED015 150 184 -55.75 SSC
SCRC041 200 185 -64 SSC SED015 200 184 -55.5 SSC
SCRC041 243.5 186 -63.5 SSC SED015 248.55 184 -55.5 EST
SCRC042 0 180 -55 COM SED016 0 180 -60 COM
SCRC042 100 187 -55 SSC SED016 50 180.5 -59 SSC
SCRC042 150 187 -55 SSC SED016 100 180.5 -59 SSC
SCRC042 199 187 -55 EST SED016 150 181 -59 SSC
SCRC043 0 180 -50 COM SED016 200 181.5 -59.5 SSC
SCRC043 100 183 -50 SSC SED016 266.6 182 -59 SSC
SCRC043 150 183 -49.5 SSC SED017 0 180 -65 COM
SCRC043 174 183 -49.5 EST SED017 50 182 -65 SSC
SED001 0 180 -45 COM SED017 100 182 -64.5 SSC
SED001 50 178 -46 SSC SED017 150 180.5 -64.5 SSC
SED017 200 182 -66 SSC SED031 0 180 -53 COM
SED017 250 184 -66 SSC SED031 50 179 -54.1 SSC
SED017 289.8 184 -66 SSC SED031 100 179.5 -54.1 SSC
SED018 0 180 -57 COM SED031 150 180.5 -55.5 SSC
SED018 50 181.5 -56.5 SSC SED031 175.75 180 -55.5 SSC
SED018 100 181.5 -56.5 SSC SED032 0 180 -64.5 COM
SED018 150 182 -56.5 SSC SED032 50 176 -66.5 SSC
SED018 200 182 -57 SSC SED032 100 176 -66.5 SSC
SED018 250 183 -57.5 SSC SED032 142.5 176 -67 SSC
SED018 258 183 -57.5 EST SED033 0 204 -54 COM
SED019 0 180 -60 COM SED033 50 204 -55.5 SSC
SED019 50 180 -59 SSC SED033 100 203 -56 SSC
SED019 100 180 -59 SSC SED033 117.1 203 -56 EST
SED019 150 180 -58.5 SSC SED034 0 357 -48 COM
SED019 200 180 -58.5 SSC SED034 50 357 -49 SSC
SED019 250 180 -58.5 SSC SED034 100 357 -49 SSC
SED019 269.6 180 -58.5 EST SED034 133.6 357 -49 SSC
SED020 0 180 -63 COM SERC001 0 0 -60 COM
SED020 50 184 -60.5 SSC SERC001 50 0 -60 SSC
SED020 100 185 -59 SSC SERC001 100 0 -59 SSC
SED020 150 185 -59.5 SSC SERC001 150 0 -60 SSC
SED020 200 185 -59.5 SSC SERC001 200 0 -60 SSC
SED021 0 180 -54 COM SERC001 250 0 -60 SSC
SED021 50 182 -55.5 SSC SERC001 301.6 0 -60 COM
SED021 100 181.5 -55.5 SSC SERC001 301.6 0 -60 SSC
SED021 150 183 -55.5 SSC SERC002 0 0 -48 COM
SED021 200 182 -56 SSC SERC002 50 0 -48 SSC
SED021 235.6 181.5 -56 SSC SERC002 100 0 -48 SSC
SED022 0 180 -60 COM SERC002 150 0 -51.5 SSC
SED022 50 182 -60 SSC SERC002 200 0 -52 SSC
SED022 100 183 -61 SSC SERC003 0 180 -70.5 COM
SED022 150 183 -60 SSC SERC003 50 181 -72 SSC
SED022 200 181.5 -59 SSC SERC003 100 182 -73 SSC
SED022 243 182.5 -59 SSC SERC003 146.5 182 -73 SSC
SED023 0 180 -50 COM SERC004 0 180 -75 COM
SED023 171.9 184 -50 SSC SERC004 64 180 -75 SSC
SED023 50 181 -50 SSC SERC005 0 180 -55 COM
SED023 100 182.5 -50 SSC SERC005 52 180 -55 SSC
SED024 0 180 -68 COM SERC006 0 180 -58 COM
SED024 50 181 -67.5 SSC SERC006 58 180 -57 SSC
SED024 100 180 -68 SSC SERC007 0 180 -83 COM
SED024 150 181.5 -68 SSC SERC007 50 179 -84 SSC
SED024 200 182 -68 SSC SERC007 101.3 179 -84 SSC
SED024 250 182 -68 SSC SERC008 0 180 -81 COM
SED025 0 180 -67 COM SERC008 50 180 -81 SSC

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

SED025 50 180.5 -67.5 SSC SERC008 100 180 -81 SSC
SED025 100 180 -67.5 SSC SERC008 145.4 180 -81 SSC
SED025 150 180.5 -68 SSC SERC009 0 180 -70 COM
SED025 200 181 -68 SSC SERC009 50 180 -70 SSC
SED027 0 180 -66 COM SERC009 100 180 -71.5 SSC
SED027 50 182.5 -65.5 SSC SERC009 150 181 -73 SSC
SED027 100 183 -65 SSC SERC009 176.7 179 -72 EST
SED027 159 183 -64.2 SSC SERC010 0 180 -70 COM
SED028 0 180 -62 COM SERC010 50 180 -70 SSC
SED028 50 181 -63 SSC SERC010 100 179 -70 SSC
SED028 100 182 -61.5 SSC SERC010 123.1 180 -71 SSC
SED028 153.5 184 -62 SSC SERC011 0 180 -53 COM
SED029 0 180 -57 COM SERC011 50 180 -56 SSC
SED029 50 185 -58 SSC SERC011 93.8 181 -56 SSC
SED029 100 184 -58 SSC SERC012 0 180 -67 COM
SED029 131.95 184 -58 SSC SERC012 52 180 -68 SSC
SED030 0 180 -60 COM SERC013 0 180 -53 COM
SED030 50 180 -61.5 SSC SERC013 46 180 -53.5 SSC
SED030 100 180 -61 SSC SERC014 0 180 -68 COM
SED030 150 180 -61 SSC SERC014 50 180 -68 SSC
SED030 200 179 -62 SSC SERC014 100 175 -69 SSC
SERC015 0 180 -82 COM SERC032 100 1 -62 SSC
SERC015 50 180 -82 SSC SERC033 0 180 -60 COM
SERC015 100 172 -82 SSC SERC033 50 180 -61 SSC
SERC015 132.1 174 -82.5 SSC SERC033 100 182 -63 SSC
SERC016 0 180 -72 COM SERC033 150 182.5 -64 SSC
SERC016 50 180 -71 SSC SERC033 166.2 182.5 -64 EST
SERC016 100 178 -70.5 SSC SERC034 0 180 -70 COM
SERC016 122.25 178 -70.5 SSC SERC034 50 180 -69.5 SSC
SERC017 0 180 -58 COM SERC034 100 184 -71 SSC
SERC017 52 184 -58 SSC SERC034 150 182 -71.5 SSC
SERC018 0 180 -50 COM SERC034 161.9 182 -71.5 EST
SERC018 42 180 -49 SSC SERC035 0 180 -68 COM
SERC019 0 180 -62 COM SERC035 92.2 181 -67.5 SSC
SERC019 50 180 -64 SSC SERC036 0 180 -78 COM
SERC019 106.5 184 -65 SSC SERC036 50 180 -79.5 SSC
SERC020 0 0 -50 COM SERC036 100 175.5 -80 SSC
SERC020 50 1 -51 SSC SERC037 0 180 -72 COM
SERC020 89.6 358 -52 SSC SERC037 50 180 -72 EST
SERC021 0 0 -72 COM SERC037 119.4 185 -71 SSC
SERC021 50 0 -72 SSC SERC038 0 180 -83 COM
SERC021 100 359 -73 SSC SERC038 50 181 -83 EST
SERC021 126.9 356 -74 SSC SERC038 100 185 -83 EST
SERC022 0 180 -67 COM SERC038 150 187 -83 SSC
SERC022 50 180 -67 SSC SERC038 200 186 -83.5 EST
SERC022 100 180 -67 SSC SERC038 220 186 -83.5 SSC
SERC023 0 180 -76 COM SERC039 0 360 -51 COM
SERC023 50 180 -76 SSC SERC039 50 360 -50 SSC
SERC023 100 180 -75 SSC SERC039 100 360 -51 SSC
SERC023 150 178 -76 SSC SERC039 110.5 360 -51 EST
SERC023 194.7 178 -76 SSC SERC040 0 0 -61 COM
SERC024 0 180 -63 COM SERC040 50 0 -62 SSC
SERC024 94 180 -63 EST SERC040 100 2.5 -64 SSC
SERC025 0 180 -71 COM SERC040 150 2.5 -64 SSC
SERC025 50 180 -70 SSC SERC040 170.6 2 -65 SSC
SERC025 106 178 -71 SSC SERC041 0 0 -58 COM
SERC025 161.6 180 -71.5 SSC SERC041 50 0 -59 EST
SERC026 0 180 -60 COM SERC041 100 0 -60 EST
SERC026 50 180 -60.5 SSC SERC041 150 359 -62 SSC
SERC026 88 180 -59.5 SSC SERC041 200 2 -63 SSC
SERC027 0 180 -55 COM SERC041 245.6 1 -63.5 SSC
SERC027 50 181 -56 SSC SERC042 0 180 -70 COM
SERC027 100 180 -57.5 SSC SERC042 50 183 -71 SSC
SERC027 150 180 -58 SSC SERC042 100 185 -73 SSC
SERC027 173.5 181 -58 SSC SERC042 150 186 -74 SSC
SERC028 0 180 -63 COM SERC042 200 186 -74 SSC
SERC028 50 180 -63 SSC SERC042 238.05 185 -74.5 SSC

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

SERC028 100 178 -64 SSC SERC043 0 180 -51 COM
SERC028 139 178 -64 SSC SERC043 100 182 -50.5 SSC
SERC029 0 180 -65 COM SERC043 150 181 -51 SSC
SERC029 50 180 -65 SSC SERC043 186 183 -51 SSC
SERC029 100 175 -66 SSC SERC044 0 180 -57 COM
SERC029 150 174 -66 SSC SERC044 100 182.5 -58 SSC
SERC029 202.5 173 -67 SSC SERC044 150 183 -58 SSC
SERC030 0 180 -75 COM SERC044 197.45 182 -58.5 SSC
SERC030 50 185 -75.5 SSC SERC045 0 180 -61 COM
SERC030 100 190 -76 SSC SERC045 100 188 -63 COM
SERC030 150 193 -76 SSC SERC045 150 189 -62 SSC
SERC030 183.6 190 -77 SSC SERC045 200 186 -63.5 SSC
SERC031 0 180 -71 COM SERC046 0 180 -66 COM
SERC031 50 180 -71 EST SERC046 100 184.5 -63.5 SSC
SERC031 50 180.5 -72 SSC SERC046 150 184 -65 SSC
SERC031 150 181 -73 SSC SERC046 200 183 -65 SSC
SERC031 200 180.5 -73 SSC SERC046 243 183 -66 SSC
SERC031 249.95 179.5 -74 SSC SERC047 0 180 -70 COM
SERC032 0 0 -62 COM SERC047 100 189 -71.5 SSC
SERC032 50 360 -61 SSC SERC047 150 187.5 -72 SSC
HOLEID DEPTH AZI DIP SURVTYPE
SERC047 200 189.5 -72.5 SSC
SERC047 250.3 188 -72.5 SSC

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

Bantian Project

Bantian significant drill hole assays completed by IMK (2010/11 drilling). 3m internal waste, 0.5g/t AuEq cutoff (45:1 Ag:Au ratio). Drill holes intervals are between 80-90% true widths. Drill holes in yellow are subsequent to the resource estimation.

HOLEID EAST NORTH RL DIP AZ FROM TO INT Au_Eqv(g/t) Au(g/t) Ag(g/t) Cu(g/t) Pb(g/t) Zn(g/t)
BDD001 209392.65 9931648.37 138.36 -61.1 70.6 69.7 73.3 3.6 [email protected] 1.73 17.4 64.6 415.7
BDD002 209368.185 9931640.259 137.191 -65 71 87.9 98.4 10.5 [email protected] 1.41 31.5 61.2 108.1
BDD002 209368.185 9931640.259 137.191 -65 71 102.3 109.45 7.15 [email protected] 0.49 7.4 47.3 150.7
BDD003 209405.479 9931682.228 143.07 -63 71 49.65 55.25 5.6 [email protected] 0.96 9.6 57.5 318.5
BDD004 209367.907 9931669.907 136.619 -70 70.5 64.55 68.55 4 [email protected] 1.3 21.5 59.3 118.3
BDD004 209367.907 9931669.907 136.619 -70 70.5 72.8 87.4 14.6 [email protected] 3.21 54.8 53.2 463.8
BDD005 209338.53 9931662.42 133.867 -83 68.5 85.2 89.15 3.95 [email protected] 0.86 5.2 86.2 81.2 88
BDD006 209409.684 9931654.995 143.302 -48.9 71.5 53.2 59.65 6.45 [email protected] 1.14 68.9 67.3 155 253.4
BDD007 209422.861 9931623.867 144.029 -46.4 68 3 11 8 [email protected] 0.51 53 61.6 64.5 126.1
BDD007 209422.861 9931623.867 144.029 -46.4 68 68.9 75.5 6.6 [email protected] 1.33 25.9 100.8 1033.4 1478.5
BDD008 209413.45 9931616.608 143.055 -64.5 68.7 72.8 78.9 6.1 [email protected] 0.86 6.7 86.7 101.9 176.8
BDD009 209417.901 9931604.718 144.034 -65 65.5 77.45 83.7 6.25 [email protected] 4.53 183.5 78.3 292.1 530.9
BDD010 209328.254 9931676.136 137.144 -64 70 95.9 106.9 11 [email protected] 1.14 20.4 39.5 54.7 149.9
BDD010 209328.254 9931676.136 137.144 -64 70 113.15 117.8 4.65 [email protected] 1.66 4 24 31.1 90.4
BDD012 209329.85 9931675.698 137.293 -49.6 69.9 66.35 70.7 4.35 [email protected] 1.23 52.5 33 50.4 135
BDD012 209329.85 9931675.698 137.293 -49.6 69.9 74.8 98.9 24.1 [email protected] 2.87 71.7 58.4 197.1 436.5
BDD012 209329.85 9931675.698 137.293 -49.6 69.9 102.35 107.95 5.6 [email protected] 0.65 3.2 55.8 34.5 92.4
BRC001 209418.856 9931789.484 171.551 -50 70 14 19 5 [email protected] 0.48 13.2 137 57.4 173.4
BRC004 209444.843 9931755.172 166.022 -75 70 7 10 3 [email protected] 0.44 3 37.7 25.7 224.7
BRC006 209333.796 9931759.546 147.646 -60 70 3 7 4 [email protected] 1.34 8.8 236.8 143 290.5
BRC007 209361.607 9931721.672 147.41 -67 70 36 43 7 [email protected] 0.51 2 46.4 5.7 65.3
BRC007 209361.607 9931721.672 147.41 -67 70 58 68 10 [email protected] 0.55 22.1 46.7 78.1 111.3
BRC008 209335.183 9931710.779 143.479 -60 70 60 86 26 [email protected] 1.25 72.3 51.4 83.2 200.6
BRC009 209343.45 9931649.63 134.38 -70 70 101 106 5 [email protected] 4.28 20.6 46 89 280.8
BRC010 209432.941 9931576.156 147.064 -63 70 115 118 3 [email protected] 1.5 13.7 94.7 146 303
BRC011 209463.937 9931561.706 145.16 -56 70 8 16 8 [email protected] 0.49 2.4 61.4 14 53.9
BRC011 209463.937 9931561.706 145.16 -56 70 68 74 6 [email protected] 0.42 17.8 46 53 99.3
BRC012 209465.782 9931545.611 147.224 -55 70 92 105 13 [email protected] 2.74 5.5 77.5 68.3 124.6
BRC013 209479.366 9931528.432 147.784 -55 70 42 45 3 [email protected] 0.85 1 63 9.7 57.3
BRC013 209479.366 9931528.432 147.784 -55 70 80 96 16 [email protected] 2.43 15.9 95.8 168.7 298.6
BRC014 209511.962 9931511.217 144.507 -56 70 72 95 23 [email protected] 0.59 6.9 98 65.5 149.4
BRC016 209516.917 9931484.443 143.199 -55 70 84 88 4 [email protected] 0.68 44.5 103.3 154.5 269.8
BRC019 209561.773 9931470.875 153.927 -64 70 8 12 4 [email protected] 1.57 6.8 37 8 36.3
BRC019 209561.773 9931470.875 153.927 -64 70 67 72 5 [email protected] 0.95 21 84.4 72.8 196.4
BRC021 209574.594 9931428.179 151.2 -60 70 16 27 11 [email protected] 0.7 1.3 44.3 8.7 69.1

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

BRC021 209574.594 9931428.179 151.2 -60 70 52 55 3 [email protected] 0.6 1 42.7 12.3 69
BRC021 209574.594 9931428.179 151.2 -60 70 77 80 3 [email protected] 0.77 25.7 100.7 88 190.3
BRC022 209592.761 9931402.999 154.259 -62 70 75 83 8 [email protected] 2.67 85 165.1 118.8 237
BRC023 209553.125 9931421.4 144.809 -60 70 81 92 11 [email protected] 1.24 66.4 91 139.4 285.8
BRC024 209560.471 9931367.978 146.93 -65 65 0 6 6 [email protected] 0.65 1.3 16.5 10 51
BRC024 209560.471 9931367.978 146.93 -65 65 99 107 8 [email protected] 1.81 83.9 80.6 153.5 314
BRC026 209529.764 9931355.492 147.122 -64 70 27 30 3 [email protected] 0.7 1.2 44.3 79.3 130.7
BRC028 209512.969 9931424.94 143.621 -64 70 115 120 5 [email protected] 0.26 11.2 86.8 442 891
BRC030 209389.86 9931612.769 142.485 -63 70 80 83 3 [email protected] 3.13 5.3 71.3 25 63.3
BRC030 209389.86 9931612.769 142.485 -63 70 97 100 3 [email protected] 1.14 24 63.3 132 279.7
BRC031 209430.967 9931576.944 146.853 -75 70 86 91 5 [email protected] 2.13 40.4 80.4 38.2 83.6
BRC032 209463.229 9931562.291 145.067 -69 70 13 19 6 [email protected] 0.77 2.2 61.2 6 73.8
BRC032 209463.229 9931562.291 145.067 -69 70 42 46 4 [email protected] 0.65 2.5 44 15.8 64
BRC032 209463.229 9931562.291 145.067 -69 70 68 73 5 [email protected] 0.38 27.4 42.8 41.4 75
BRC033 209465.538 9931546.28 147.013 -68 70 74 79 5 [email protected] 0.38 19.8 57.4 41.4 107.4
BRC033 209465.538 9931546.28 147.013 -68 70 85 93 8 [email protected] 0.42 12 53.3 43.4 83.4
BRC033 209465.538 9931546.28 147.013 -68 70 99 112 13 [email protected] 1.06 4.3 50.6 102.5 195.8
BRC034 209478.764 9931529.35 147.787 -68 70 87 105 18 [email protected] 1.16 37.4 98.1 251.9 333.1
BRC036 209547.102 9931387.887 147.362 -62 70 104 110 6 [email protected] 2.47 58.3 157.2 154 301.7
BRC037 209578.456 9931320.616 154.105 -67 70 1 9 8 [email protected] 0.62 1.1 22 9.1 63
BRC037 209578.456 9931320.616 154.105 -67 70 95 98 3 [email protected] 1.15 67.7 75.3 182.7 378
BRC037 209578.456 9931320.616 154.105 -67 70 102 105 3 [email protected] 0.19 17.3 41 53 127.3
BRC037 209578.456 9931320.616 154.105 -67 70 109 113 4 [email protected] 0.49 22.3 80 45 102.5
BRC041 209580.865 9931375.403 151.363 -57 70 64 72 8 [email protected] 3.63 141 126.3 287.6 584.5
BRC041 209580.865 9931375.403 151.363 -57 70 84 91 7 [email protected] 0.52 19.4 120.6 269.6 614.7
BRC042 209546.231 9931439.218 148.658 -53 70 84 88 4 [email protected] 0.6 21.5 40.8 36 79.3
BRC043 209543.827 9931461.414 148.954 -71 70 4 7 3 [email protected] 0.66 2.3 51.7 7.3 41.3
BRC043 209543.827 9931461.414 148.954 -71 70 58 63 5 [email protected] 0.6 4.2 40.8 10.4 68
BRC044 209483.398 9931551.335 144.049 -52 70 14 41 27 [email protected] 2.71 5.2 61.9 17 76.3
BRC044 209483.398 9931551.335 144.049 -52 70 73 90 17 [email protected] 1.33 7.7 134.2 231.5 431.1
BRC045 209407.524 9931603.495 142.973 -73 70 92 96 4 [email protected] 0.58 1.5 136.3 19.5 72.8
BRC046 209358.128 9931636.919 136.594 -73 70 97 108 11 [email protected] 5.9 30.5 51.7 101.3 328.6
BRC046 209358.128 9931636.919 136.594 -73 70 123 127 4 [email protected] 0.47 10.8 79.8 25 62.5
BRC048 209683.744 9931336.481 142.39 -51 70 0 7 7 [email protected] 0.79 27.3 38.4 30.6 65.9
BRC048 209683.744 9931336.481 142.39 -51 70 13 17 4 [email protected] 1.24 32 39 35 104.5
BRC050 209679.213 9931380.583 144.509 -75 70 6 11 5 [email protected] 0.89 46.2 47.4 26.4 85.6
BRC051 209332.741 9931738.497 148.001 -90 70 88 99 11 [email protected] 1.19 9 89.3 143.4 186.7
BRC052 209325.855 9931755.94 147.607 -73 70 71 80 9 [email protected] 0.84 14.7 99.4 67.7 136.7
BRC054 209282.504 9931822.842 137.664 -60 70 32 35 3 [email protected] 0.71 5 107.7 27 78
BRC054 209282.504 9931822.842 137.664 -60 70 41 49 8 [email protected] 0.42 7.8 47 37.8 87.3
BRC055 209275.911 9931820.724 137.149 -76 70 54 62 8 [email protected] 1.88 37.8 71.9 42.8 91.6

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

BRC056 209262.493 9931845.32 135.218 -66 70 38 56 18 [email protected] 0.94 14.1 107.5 34.4 75.2
BRC057 209261.533 9931844.779 135.163 -86 70 41 48 7 [email protected] 0.64 14.9 61.7 40 71.6
BRC057 209261.533 9931844.779 135.163 -86 70 60 63 3 [email protected] 0.67 79.7 71 58 143.3
BRC058 209261.017 9931864.102 138.496 -62 70 43 48 5 [email protected] 1.04 7 176.2 79 114.6
BRC059 209256.158 9931862.51 138.287 -78 70 53 57 4 [email protected] 1.42 10.8 100.3 24 62
BRC060 209251.176 9931892.849 143.7 -60 70 18 23 5 [email protected] 0.32 14.2 45.4 13.6 62.8
BRC062 209245.295 9931917.805 144.018 -60 70 19 29 10 [email protected] 0.41 41.4 47.6 10.2 49.1
BRC063 209238.258 9931915.52 143.81 -78 70 29 36 7 [email protected] 0.24 35.9 45.9 27.9 75.9
BRC064 209245.991 9931940.079 144.145 -55 70 5 18 13 [email protected] 0.5 43 39.1 19.8 60.2
BRC065 209239.66 9931937.851 144.093 -77 70 21 25 4 [email protected] 0.81 58.5 41 26.5 84
BRC067 209188.927 9931954.445 126.1 -60 70 46 60 14 [email protected] 1.28 41 43.8 38.5 93.4
BRC068 209193.709 9931978.487 127.129 -60 70 47 54 7 [email protected] 0.5 16 40.6 25.4 59.7
BRC069 209170.928 9931971.239 122.523 -60 70 73 77 4 [email protected] 1.07 29.3 58.5 41.8 94.5
BRC070 209218.57 9932010 133.82 -60 70 15 18 3 [email protected] 1 38.3 34.3 14.3 44.3
BRC070 209218.57 9932010 133.82 -60 70 23 27 4 [email protected] 1.09 1.8 29 56
BRC070 209218.57 9932010 133.82 -60 70 31 34 3 [email protected] 0.66 32.7 47.3 41.7 111
BRC071 209211.264 9932008.015 133.41 -76 70 65 68 3 [email protected] 0.79 6.7 133 35 103.3
BRC072 209212.94 9932034.885 133.271 -57 70 44 52 8 [email protected] 0.71 34.4 49.9 32.3 121.4
70 41 52 11 [email protected] 0.5 7.3 52.7 12.5 75.7
BRC073 209205.082 9932032.526 132.994 -73
BRC073 209205.082 9932032.526 132.994 -73 70 57 68 11 [email protected] 0.67 12.8 71.5 36.5 104.9
BRC074 209193.94 9932062.54 132.3 -60 70 30 62 32 [email protected] 0.43 27.3 37.1 22 72.7
BRC075 209173.48 9932055.7 130.68 -60 70 52 57 5 [email protected] 0.23 30.4 27.8 21.8 95.8
BRC075 209173.48 9932055.7 130.68 -60 70 68 79 11 [email protected] 0.47 14.2 24.7 10.2 75.6
BRC076 209180.06 9932079.33 131.2 -64 70 0 5 5 [email protected] 0.65 1.5 25 27.2 41
BRC076 209180.06 9932079.33 131.2 -64 70 40 74 34 [email protected] 0.37 30.9 39.2 15.2 84.1
BRC077 209139.81 9932069.01 122.05 -63 70 72 78 6 [email protected] 0.53 2.2 50.7 9.3 49.8

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

`

==> picture [68 x 67] intentionally omitted <==

Straits

Bantian drill hole collar locations for drill holes completed by IMK (2010/11 drilling).

HOLEID EAST NORTH RL DEPTH TYPE HOLEID EAST NORTH RL DEPTH
BDD001 209392.65 9931648.37 138.36 104.2 DDH BRC033 209465.54 9931546.28 147.01 122
BDD002 209368.19 9931640.26 137.19 126.2 DDH BRC034 209478.76 9931529.35 147.79 111
BDD003 209405.48 9931682.23 143.07 59.5 DDH BRC035 209547.85 9931388.29 147.20 130
BDD004 209367.91 9931669.91 136.62 109.9 DDH BRC036 209547.10 9931387.89 147.36 130
BDD005 209338.53 9931662.42 133.87 149.65 DDH BRC037 209578.46 9931320.62 154.11 120
BDD006 209409.68 9931655.00 143.30 79.2 DDH BRC038 209564.05 9931315.66 152.33 5
BDD007 209422.86 9931623.87 144.03 85.45 DDH BRC039 209563.92 9931314.57 152.36 132
BDD008 209413.45 9931616.61 143.06 108.2 DDH BRC040 209611.94 9931334.48 153.54 100
BDD009 209417.90 9931604.72 144.03 111.6 DDH BRC041 209580.87 9931375.40 151.36 100
BDD010 209328.25 9931676.14 137.14 135.1 DDH BRC042 209546.23 9931439.22 148.66 100
BDD011 209328.55 9931676.14 137.14 35.15 DDH BRC043 209543.83 9931461.41 148.95 120
BDD012 209329.85 9931675.70 137.29 121.3 DDH BRC044 209483.40 9931551.34 144.05 94
BDD013 209437.03 9931566.42 148.10 127.1 DDH BRC045 209407.52 9931603.50 142.97 125
BRC001 209418.86 9931789.48 171.55 40 RC BRC046 209358.13 9931636.92 136.59 130
BRC002 209417.25 9931788.92 171.57 60 RC BRC047 209330.90 9931708.65 143.26 115
BRC003 209446.59 9931755.61 166.07 40 RC BRC048 209683.74 9931336.48 142.39 26
BRC004 209444.84 9931755.17 166.02 40 RC BRC049 209672.45 9931354.40 143.03 50
BRC005 209369.17 9931771.35 149.69 84 RC BRC050 209679.21 9931380.58 144.51 40
BRC006 209333.80 9931759.55 147.65 94 RC BRC051 209332.74 9931738.50 148.00 120
BRC007 209361.61 9931721.67 147.41 90 RC BRC052 209325.86 9931755.94 147.61 105
BRC008 209335.18 9931710.78 143.48 114 RC BRC053 209298.88 9931801.85 142.47 120
BRC009 209343.45 9931649.63 134.38 120 RC BRC054 209282.50 9931822.84 137.66 60
BRC010 209432.94 9931576.16 147.06 120 RC BRC055 209275.91 9931820.72 137.15 80
BRC011 209463.94 9931561.71 145.16 107 RC BRC056 209262.49 9931845.32 135.22 75
BRC012 209465.78 9931545.61 147.22 105 RC BRC057 209261.53 9931844.78 135.16 90
BRC013 209479.37 9931528.43 147.78 102 RC BRC058 209261.02 9931864.10 138.50 80
BRC014 209511.96 9931511.22 144.51 95 RC BRC059 209256.16 9931862.51 138.29 90
BRC015 209540.37 9931493.23 145.29 95 RC BRC060 209251.18 9931892.85 143.70 80
BRC016 209516.92 9931484.44 143.20 102 RC BRC061 209243.98 9931890.15 143.70 100
BRC017 209489.28 9931477.67 141.26 120 RC BRC062 209245.30 9931917.81 144.02 70
BRC018 209504.35 9931450.25 144.10 120 RC BRC063 209238.26 9931915.52 143.81 84
BRC019 209561.77 9931470.88 153.93 80 RC BRC064 209245.99 9931940.08 144.15 90
BRC020 209540.36 9931437.90 148.25 109 RC BRC065 209239.66 9931937.85 144.09 110
BRC021 209574.59 9931428.18 151.20 92 RC BRC066 209210.85 9931961.00 132.77 80
BRC022 209592.76 9931403.00 154.26 110 RC BRC067 209188.93 9931954.45 126.10 98
BRC023 209553.13 9931421.40 144.81 110 RC BRC068 209193.71 9931978.49 127.13 90
BRC024 209560.47 9931367.98 146.93 116 RC BRC069 209170.93 9931971.24 122.52 94
BRC025 209535.74 9931330.72 143.39 103 RC BRC070 209218.57 9932010.00 133.82 70
BRC026 209529.76 9931355.49 147.12 130 RC BRC071 209211.26 9932008.02 133.41 84
BRC027 209546.23 9931287.50 153.60 110 RC BRC072 209212.94 9932034.89 133.27 70
BRC028 209512.97 9931424.94 143.62 126 RC BRC073 209205.08 9932032.53 132.99 90
BRC029 209530.11 9931413.35 144.21 130 RC BRC074 209193.94 9932062.54 132.30 79
BRC030 209389.86 9931612.77 142.49 123 RC BRC075 209173.48 9932055.70 130.68 96
BRC031 209430.97 9931576.94 146.85 130 RC BRC076 209180.06 9932079.33 131.20 84
BRC032 209463.23 9931562.29 145.07 126 RC BRC077 209139.81 9932069.01 122.05 108

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Bantian down hole surveys for drill holes completed by IMK (2010/11 drilling).

HOLEID DEPTH AZIMUTH DIP SURVTYPE HOLEID DEPTH AZI DIP SURVTYPE
BDD001 0 71 -60 COM BDD012 0 70 -49 COM
BDD001 20 75.6 -60.1 SSC BDD012 20 72.2 -48.1 SSC
BDD001 50 74.6 -60.5 SSC BDD012 50 72.2 -49.6 SSC
BDD001 80 73.6 -60.9 SSC BDD012 80 69.9 -48 SSC
BDD001 104.2 70.6 -61.1 SSC BDD012 121.3 71.6 -47.7 SSC
BDD002 0 71 -65 COM BDD013 0 71 -67 COM
BDD002 20 76.4 -64.5 SSC BDD013 20 72.7 -67.1 SSC
BDD002 50 76.4 -64.8 SSC BDD013 50 73.3 -67.3 SSC
BDD002 80 75.7 -64.8 SSC BDD013 80 74.5 -66.8 SSC
BDD002 110 74.8 -64.8 SSC BDD013 110 74 -66.8 SSC
BDD002 126.2 74.2 -65 SSC BRC001 0 70 -50 COM
BDD003 0 71 -63 COM BRC001 40 70 -50 EST
BDD003 50 72.7 -63 SSC BRC002 0 70 -75 COM
BDD003 59.5 71.8 -62.9 SSC BRC002 60 70 -75 EST
BDD004 0 71 -70 COM BRC003 0 70 -50 COM
BDD004 20 72.1 -69 SSC BRC004 0 70 -75 COM
BDD004 50 70.5 -70 SSC BRC004 40 70 -75 EST
BDD004 80 71.2 -70 SSC BRC005 0 70 -55 COM
BDD004 109 70.8 -70 SSC BRC005 84 70 -55 EST
BDD005 0 72 -82 COM BRC006 0 70 -60 COM
BDD005 20 69.6 -81.9 SSC BRC006 94 70 -60 EST
BDD005 50 69.5 -82.3 SSC BRC007 0 70 -67 COM
BDD005 80 68.5 -82.7 SSC BRC007 90 70 -67 EST
BDD005 110 69.7 -83 SSC BRC008 0 70 -60 COM
BDD005 127.1 69.8 -82.3 SSC BRC008 114 70 -60 EST
BDD005 140 69.3 -82.5 SSC BRC009 0 70 -70 COM
BDD005 149.65 69.3 -82.5 EST BRC009 120 70 -70 EST
BDD006 0 72 -48 COM BRC010 0 70 -63 COM
BDD006 20 73.3 -47.8 SSC BRC010 120 70 -63 EST
BDD006 50 71.9 -48.4 SSC BRC011 0 70 -56 COM
BDD006 79.2 71.5 -48.9 SSC BRC011 70 70 -56 EST
BDD007 20 69.3 -44.8 SSC BRC012 0 70 -55 COM
BDD007 50 69.1 -45.9 SSC BRC012 105 70 -55 EST
BDD007 85.45 68 -46.4 SSC BRC013 0 70 -55 COM
BDD008 20 70.3 -64.5 SSC BRC013 97 70 -55 EST
BDD008 70 70.6 -63.4 SSC BRC014 0 70 -56 COM
BDD008 108.1 68.7 -63.8 SSC BRC014 95 70 -56 EST
BDD009 0 69 -65 COM BRC015 0 70 -55 COM
BDD009 20 68 -63.8 SSC BRC015 95 70 -55 EST
BDD009 50 70 -63.5 SSC BRC016 0 70 -55 COM
BDD009 80 65.5 -63.5 SSC BRC016 102 70 -55 EST
BDD009 111.6 68.5 -63.5 SSC BRC017 0 70 -56 COM
BDD010 0 70 -64 COM BRC017 120 70 -56 EST
BDD010 20 73.9 -62.2 SSC BRC018 0 70 -69 COM
BDD010 50 70.9 -61.9 SSC BRC018 120 70 -69 EST
BDD010 80 70.4 -62.6 SSC BRC019 0 70 -64 COM
BDD010 110 72.4 -62.5 SSC BRC019 80 70 -64 EST
BDD010 135.1 73.1 -62.2 SSC BRC020 0 68 -68 COM
BDD011 0 70 -48 COM BRC020 109 68 -68 EST
BDD011 20 73.8 -46.6 SSC BRC021 0 70 -60 COM
BDD011 35.15 73.8 -46.6 SSC BRC021 92 70 -60 EST

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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HOLEID DEPTH AZI DIP SURVTYPE HOLEID DEPTH AZI DIP SURVTYPE
BRC022 0 70 -62 COM BRC048 26 70 -51 EST
BRC022 110 70 -62 EST BRC049 0 70 -51 EST
BRC023 0 70 -60 COM BRC049 50 70 -51 EST
BRC023 110 70 -60 EST BRC050 0 70 -75 COM
BRC024 0 65 -65 COM BRC050 40 70 -75 EST
BRC024 116 65 -65 EST BRC051 0 70 -90 COM
BRC025 0 70 -55 COM BRC051 120 70 -90 EST
BRC025 103 70 -55 EST BRC052 0 70 -73 COM
BRC026 0 70 -64 COM BRC052 105 70 -73 EST
BRC026 130 70 -64 EST BRC053 0 70 -50 COM
BRC027 0 70 -54 COM BRC053 120 70 -50 EST
BRC027 110 70 -54 EST BRC054 0 70 -60 COM
BRC028 0 70 -64 COM BRC054 60 70 -60 EST
BRC028 126 70 -64 EST BRC055 0 70 -76 COM
BRC029 0 70 -61 COM BRC055 80 70 -76 EST
BRC029 130 70 -61 EST BRC056 0 70 -66 COM
BRC030 0 70 -63 COM BRC056 75 70 -66 EST
BRC030 123 70 -63 EST BRC057 0 70 -86 COM
BRC031 0 70 -75 COM BRC057 90 70 -86 EST
BRC031 130 70 -75 EST BRC058 0 70 -62 COM
BRC032 0 70 -69 COM BRC058 80 70 -62 EST
BRC032 125 70 -69 EST BRC059 0 70 -78 COM
BRC033 0 70 -68 COM BRC059 90 70 -78 EST
BRC033 122 70 -68 EST BRC060 0 70 -60 COM
BRC034 0 70 -68 COM BRC060 80 70 -60 EST
BRC034 111 70 -68 EST BRC061 0 70 -74 COM
BRC035 0 70 -50 COM BRC061 100 70 -74 EST
BRC035 130 70 -50 EST BRC062 0 70 -60 COM
BRC036 0 70 -62 COM BRC062 70 70 -60 EST
BRC036 130 70 -62 EST BRC063 0 70 -78 COM
BRC037 0 70 -67 COM BRC063 84 70 -78 EST
BRC037 120 70 -67 EST BRC064 0 70 -55 COM
BRC038 0 70 -69 COM BRC064 90 70 -55 EST
BRC038 5 70 -69 EST BRC065 0 70 -77 COM
BRC039 0 70 -71 COM BRC065 110 70 -77 EST
BRC039 132 70 -71 EST BRC066 0 70 -60 COM
BRC040 0 70 -55 COM BRC066 80 70 -60 EST
BRC040 100 70 -55 EST BRC067 0 70 -60 COM
BRC041 0 70 -57 COM BRC067 98 70 -60 EST
BRC041 100 70 -57 EST BRC068 0 70 -60 COM
BRC042 0 70 -53 COM BRC068 90 70 -60 EST
BRC042 100 70 -53 EST BRC069 0 70 -60 COM
BRC043 0 70 -71 COM BRC069 94 70 -60 EST
BRC043 120 70 -71 EST BRC070 0 70 -60 COM
BRC044 0 70 -52 COM BRC070 70 70 -60 EST
BRC044 94 70 -52 EST BRC071 0 70 -76 COM
BRC045 0 70 -73 COM BRC071 84 70 -76 EST
BRC045 125 70 -73 EST BRC072 0 70 -57 COM
BRC046 0 70 -73 COM BRC072 70 70 -57 EST
BRC046 130 70 -73 EST BRC073 0 70 -73 COM
BRC047 0 70 -73 COM BRC073 90 70 -73 EST
BRC047 115 70 -73 EST BRC074 0 70 -60 COM
BRC048 0 70 -51 COM BRC074 79 70 -60 EST

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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HOLEID DEPTH AZI DIP SURVTYPE
BRC075 0 70 -60 COM
BRC075 96 70 -60 EST
BRC076 0 70 -64 COM
BRC076 84 70 -64 EST
BRC077 0 70 -63 COM
BRC077 108 70 -63 EST

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Permata Project

Permata significant drill hole assays completed by IMK (2010 drilling). 3m internal waste, 0.5g/t AuEq cutoff (45:1 Ag:Au ratio). Drill holes intervals are between 60-80% of true widths.

HOLEID EAST NORTH RL DIP AZI FROM TO INT Au_Eqv(g/t) Au(g/t) Ag(g/t) Cu(g/t) Zn(g/t)
PMD003 210716.135 9929903.264 192.983 -57.8 70.9 102.85 107.75 4.9 [email protected] 0.56 29.5 511.2 1482.4
PMD006 210745.812 9929798.172 170.955 -57.2 69.6 67.25 71.45 4.2 [email protected] 7.77 198.2 250.7 5283.9
PMD007 210693.069 9930689.091 184.375 -66.9 69.6 116.9 122.2 5.3 [email protected] 0.71 23.9 161.7 3844.4
PMD009 210709.999 9929950.71 186.574 -60 71 105 108.6 3.6 [email protected] 5.22 48.8 1184 2790.6
PMD011 210560.83 9930398.79 160.751 -50.8 68.1 147.3 151.35 4.05 [email protected] 2.8 23.8 536 11800.5
PMRC002 210544.273 9930450.434 164.273 -57 67.9 145.7 151.65 5.95 [email protected] 0.89 71.8 861.2 6322.3
PMRC003 210597.268 9930198.458 155.086 -53.1 69.1 10 16 6 [email protected] 0.33 9 86.3 167.2
PMRC003 210597.268 9930198.458 155.086 -53.1 69.1 141 151.5 10.5 [email protected] 25.98 670.1 818.5 5776.9
PMRC004 210550.62 9930394.948 160.868 -62.12 66.9 182.4 187.2 4.8 [email protected] 1.27 42.2 771.1 9162.2

Permata drill hole collar locations for drill holes completed by IMK (2010 drilling).

HOLEID EAST NORTH RL DEPTH TYPE
PMD001 210668.87 9930012.84 162.66 171.85 DDH
PMD002 210831.87 9929525.61 158.27 59.9 DDH
PMD003 210716.13 9929903.26 192.98 126.5 DDH
PMD004 210884.34 9929516.39 162.82 45.2 DDH
PMD005 210771.21 9929595.49 161.30 124.8 DDH
PMD006 210745.81 9929798.17 170.95 109.5 DDH
PMD007 210693.06 9930689.09 184.37 140.6 DDH
PMD008 210623.10 9930137.19 159.32 159.7 DDH
PMD009 210709.99 9929950.71 186.57 138.55 DDH
PMD010 210575.86 9930189.29 157.52 23.9 DDH
PMD011 210560.83 9930398.79 160.75 165 DDH
PMD012 210571.57 9930249.52 153.99 198 DDH
PMD013 210581.71 9930355.62 158.87 210.4 DDH
PMRC001 210574.92 9930298.41 154.41 205.65 RC
PMRC002 210544.27 9930450.43 164.27 181.6 RC
PMRC003 210597.26 9930198.45 155.08 179.7 RD
PMRC004 210550.62 9930394.94 160.86 207 RC
PMRC005 210576.57 9930353.65 158.68 210 RC

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Permata down hole surveys for drill holes completed by IMK (2010 drilling).

HOLEID DEPTH AZI DIP SURVTYPE HOLEID DEPTH AZI DIP SURVTYPE
PMD001 0 70.0 -55.0 COM PMD011 0 70.0 -50.0 COM
PMD001 20 69.5 -55.9 SSC PMD011 20 70.3 -49.7 SSC
PMD001 50 71.4 -56.9 SSC PMD011 50 70.8 -50.5 SSC
PMD001 80 69.5 -57.9 SSC PMD011 80 72.1 -49.1 SSC
PMD001 110 71.0 -58.0 SSC PMD011 110 68.5 -50.8 SSC
PMD001 140 71.5 -58.3 SSC PMD011 140 70.7 -50.2 SSC
PMD001 170 70.0 -58.9 SSC PMD011 165 68.1 -50.8 SSC
PMD002 0 51.0 -60.0 COM PMD012 0 71.0 -55.0 COM
PMD002 30 55.9 -61.4 SSC PMD012 20 70.7 -53.9 SSC
PMD002 59.7 56.6 -61.7 SSC PMD012 50 72.8 -54.1 SSC
PMD003 0 71.0 -55.0 COM PMD012 80 71.3 -54.7 SSC
PMD003 30 73.0 -56.0 SSC PMD012 110 72.8 -55.2 SSC
PMD003 60 72.1 -56.5 SSC PMD012 140 72.7 -54.6 SSC
PMD003 90 71.5 -57.1 SSC PMD012 170 71.1 -54.0 SSC
PMD003 120 70.9 -57.8 SSC PMD012 198 71.1 -54.0 SSC
PMD004 0 51.0 -60.0 COM PMD013 0 71.0 -48.0 COM
PMD005 0 71.0 -55.0 COM PMD013 20 68.5 -47.7 SSC
PMD005 50 72.3 -54.4 SSC PMD013 50 69.1 -48.2 SSC
PMD005 80 75.0 -55.1 SSC PMD013 80 68.9 -48.3 SSC
PMD005 110 74.7 -55.9 SSC PMD013 110 69.2 -48.5 SSC
PMD005 124.8 73.5 -56.1 SSC PMD013 140 68.0 -48.0 SSC
PMD006 0 71.0 -57.0 COM PMD013 170 68.0 -48.0 SSC
PMD006 20 71.0 -57.0 EST PMD013 200 67.1 -48.3 SSC
PMD006 50 72.3 -54.4 SSC PMD013 210.4 67.3 -48.3 SSC
PMD006 100 69.6 -56.3 SSC PMRC001 0 70.0 -47.0 COM
PMD006 109.5 71.2 -57.2 SSC PMRC001 130 70.0 -47.0 EST
PMD007 0 71.0 -65.0 COM PMRC001 170 74.5 -49.0 SSC
PMD007 20 69.9 -65.3 SSC PMRC001 200 73.9 -49.0 SSC
PMD007 50 69.6 -65.7 SSC PMRC001 205.65 73.9 -49.0 EST
PMD007 80 72.3 -66.7 SSC PMRC002 0 70.0 -57.0 COM
PMD007 110 70.7 -66.7 SSC PMRC002 20 70.0 -57.0 EST
PMD007 140.6 71.7 -66.9 SSC PMRC002 50 70.0 -57.0 EST
PMD008 0 71.0 -50.0 COM PMRC002 80 70.0 -57.0 EST
PMD008 20 74.3 -49.3 SSC PMRC002 110 70.0 -57.0 EST
PMD008 50 74.6 -49.3 SSC PMRC002 140 71.3 -53.0 SSC
PMD008 80 74.4 -49.3 SSC PMRC002 170 67.9 -53.0 SSC
PMD008 110 72.9 -49.8 SSC PMRC003 0 70.0 -50.0 COM
PMD008 140 71.2 -49.3 SSC PMRC003 114 70.0 -50.0 COM
PMD008 159.7 73.2 -49.3 SSC PMRC003 140 69.1 -53.1 SSC
PMD009 0 71.0 -60.0 COM PMRC003 170 69.2 -52.3 SSC
PMD009 20 73.3 -58.8 SSC PMRC003 179.7 69.2 -52.3 EST
PMD009 50 72.1 -59.1 SSC PMRC004 0 70.0 -56.0 COM
PMD009 80 73.5 -58.6 SSC PMRC004 114 70.0 -56.0 EST
PMD009 110 72.9 -59.8 SSC PMRC004 140 70.7 -61.7 SSC
PMD009 138.55 72.1 -59.7 SSC PMRC004 170 66.9 -61.8 SSC
PMD010 0 71.0 -55.0 COM PMRC004 200 68.8 -62.1 SSC
PMD010 20 77.4 -54.2 SSC PMRC004 207 68.8 -62.1 EST
PMD010 23.9 77.4 -54.2 SSC PMRC005 0 70.0 -56.0 COM
PMRC005 120 70.0 -56.0 EST

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Appendix 8 – Notes on data collection and analysis

The procedures outlined below comply with 2004 JORC Edition of the “Australasian Code for Reporting of Exploration Results.

Drilling Techniques

  • Reverse Circulation (RC) drilling was undertaken on Bantian and Serujan using with 133mm face sampling hammers.

  • Diamond drilling was undertaken using HQ2 (63mm), triple tube.

  • Reverse Circulation drill holes that were drilled wet and/or intersected high grade zones were routinely “twinned” with diamond drill holes. In each case the twin hole replicated the RC intersection.

Accuracy of Location of Sampling Points

  • All drill collars were surveyed by qualified mine surveyors. Deposits are drilled on local mine grid.

  • Diamond drill holes are routinely surveyed downhole using a pathfinder camera or similar in a single shot capacity.

  • RC drill holes to date have not been down hole surveyed. Regular surveyed diamond twin holes and diamond holes within the drill pattern are used to assist in location information.

Sampling Technique

  • RC samples were collected on 1m intervals via a cyclone then riffle split to a two- kilogram sub-sample and submitted to the laboratory for assaying.

  • Drill core was sawn half core or quarter core and submitted for assaying. Sample lengths are constrained by geology, alteration or structural boundaries and vary between a minimum of 0.2m to a maximum of 1.1m. Current practise is to submit half core for resource estimation.

  • Drill core and RC percussion chips are stored in the site storage facility.

  • All drill core is photographed both wet and dry.

Drill Core Recovery

  • Drill core recovery usually exceeds 95% over the hole length, but may be lower in mineralized ore zones.

Specific Gravity

  • Density sampling is completed on a regular basis in both the operating pits and on the exploration drill holes. Specific gravity (SG) varies depending on oxidation states and lithologies. Individual SG values were carried out on oven dried drill core using standard immersion techniques.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Assay Data

Assaying is undertaken by the site lab, which was set up by SGS and is now operated by IMK (SRQ) . Exploration sample preparation is separate from the grade control process with only the wet lab common to both assay processes. The lab is audited on a regular basis by a 3[rd] party and internal audits are regularly undertaken. Laboratory assay procedures are as follows;

  • Sample Receipt - Check sample and produce work sheet and label samples

  • Drying - Dry sample in site exploration oven (temperature at 115[0] C for 12 hours)

  • Crushing - Jaw Crusher to reduce particle size to 2 mm.

  • Splitting , - Jones-Riffle Splitter to between 500 - 700 grams

  • Pulverizing - Sample ground to size -100# (mesh) using Laboratory Mill LM5

  • Packet - Pulp sample (-100#) then put into sample packet with appropriate number

  • Analysis - Au by AR25 method with all samples finished by AAS and Ag, Cu and Zn analysis by 3 acid digestion, including the following lab QAQC

  • Check Au 1 in 10 samples by FA40 method

  • Check Ag assay (1 in 10 samples) by 2 acid digestions

  • Insertion of laboratory standards and laboratory duplicates

Field Quality Assurance and Quality Control (QAQC)

Procedures implemented on site by IMK (SRQ) for QAQC include the following;

  • Use of internationally recognized standards inserted on a regular sample interval

  • Field duplicates for both diamond core (quarter core) and RC drilling inserted on a regular interval

  • Ad hoc and regular sample submission to an umpire laboratory as regular intervals and for specific sample intervals

  • Insertion of blanks at regular intervals

  • Note: for Soan, Simbar and Sinter QQC is of a limited nature.

Quality of Historical Data

  • All historical drill core and RC drill chips across the project areas were logged by the previous project owners and have subsequently been stored in electronic databases by Straits following data validation.

  • Data sets from closure reports and other reports generated by the previous owners have incorporated in the resource models where possible. Additional validation of historical holes is occasionally undertaken.

  • IMK (SRQ) logs all RC drill chips and drill core in detail, describing lithology, alteration, vein density and structure. Core recoveries are routinely collected for drill core.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Appendix 9

TABLE OF RESOURCES

Indicated - as at Indicated - as at Indicated - as at 31 December 31 December 2010
Deposit Cut Off Mining Tonnes (t) Gold Silver Gold Eq Gold Silver Gold Eq
Gold Eq Method (g/t) (g/t) (g/t) (Oz) (oz) (Oz)
SERUJAN 0.5 OP 3,700,000 2.4 70 4.0 290,000 8,370,000
471,000
BANTIAN 0.5 OP 2,800,000 1.4 39 2.2 127,000 3,490,000
202,000
HULUBAI 0.5 OP 370,000 3.0 114 5.5 36,000 1,370,000
66,000
PERMATA 0.5 OP 290,000 2.2 91 4.1 20,000 850,000
38,000
KERIKIL 0.5 OP 620,000 2.2 38 3.0 43,000 750,000
59,000
LANGANTIHAN 0.5 OP 1,190,000 1.2 15 1.5 45,000 580,000
58,000
ANAK DUA 0.5 OP 290,000 2.9 29 3.6 27,000 260,000
33,000
SOAN 1.0 UG 770,000 4.2 57 5.4 103,000 1,400,000
134,000
Sub Total Resource Variable
All
10,030,000 2.1 53 3.3 691,000 17,070,000
1,061,000
Tailings Dam - Stockpile Variable
Stockpile
7,700,000 0.20 30 0.85 49,000 7,420,000
209,000
Sub Total Indicated Variable
All
17,730,000 1.30 43 2.23 740,000 24,490,000
1,270,000
Inferred - as at 31 December 2010
Deposit Cut Off Mining Tonnes (t) Gold Silver Gold Eq
Gold
Silver Gold Eq
Gold Eq Method (g/t) (g/t) (g/t) (Oz) (oz) (Oz)
SERUJAN 0.5 OP 550,000 2.2 55 3.4 40,000 990,000
61,000
BANTIAN 0.5 OP 250,000 2.0 55 3.1 15,000 450,000
25,000
HULUBAI 0.5 OP 270,000 2.9 129 5.7 25,000 1,130,000
49,000
PERMATA 0.5 OP 310,000 3.0 95 5.0 30,000 970,000
51,000
KERIKIL 0.5 OP 690,000 1.6 28 2.1 34,000 610,000
48,000
LANGANTIHAN 0.5 OP 1,930,000 1.3 15 1.6 79,000 900,000
99,000
DUA LUGI 0.5 OP 40,000 9.5 138 12.5 14,000 210,000
19,000
SOAN 1.0 UG 30,000 1.1 30 1.7 1,000 30,000
1,000
SINBAR 1.0 UG 1,280,000 2.1 23 2.6 85,000 930,000
105,000
SINTER 1.0 UG 590,000 2.9 45 3.9 55,000 850,000
74,000
Sub Total Resource Variable
All
5,940,000 2.0 37 2.8 378,000 7,070,000
532,000
Tailings Dam - Stockpile Variable
Stockpile
2,000,000 0.10 17 0.47 6,000 1,090,000
29,000
Sub Total Inferred Variable
All
7,940,000 1.50 32 2.20 384,000 8,160,000
561,000
Mt Muro Total Resource(Indicated + Inferred) - as at 31 December 2010
Total Resource Variable
All
15,970,000 2.1 47 3.1 1,069,000 24,140,000
1,593,000
Tailings Dam - Stockpile Variable
Stockpile
9,700,000 0.2 27 0.8 55,000 8,510,000
238,000
Grand Total Variable
All
25,670,000 1.4 40 2.2 1,124,000 32,650,000
1,831,000
Mt Muro Total Resource - as at 30 June 2010
Total Resource Variable
All
7,400,000 2.9 48 3.9 690,000 11,420,000
936,000
Tailings Dam - Stockpile Variable
Stockpile
9,700,000 0.2 27 0.8 55,000 8,510,000 238,000
Grand Total Variable
All
17,100,000 1.4 36 2.1 745,000 19,930,000
1,174,000
Gold Eq values calculated using a$US1300 and$US28price ratios(Gold Eq = Gold + Silver/(1300/28)).
Gold Equivalent calculations and reported ounces do not havegold and silver recoveries applied.
Current and Historical Metallurgical recoveriesfor Gold range from 90 to 91% and Silverfrom 65 to 70%.
All tonnage, grade and ounce values have been rounded to relevant significant figures. Slight errors may occur due to rounding of these
values.

STRAITS RESOURCES LIMITED

ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Straits

Mt Muro Total Resource Difference between 30 June 2010 and Mt Muro Total Resource Difference between 30 June 2010 and Mt Muro Total Resource Difference between 30 June 2010 and 31 December 2010 31 December 2010
Deposit
Cut Off
Gold Eq
Mining
Method
Tonnes (t)
Gold
(g/t)
Silver
(g/t)
Gold Eq
(g/t)
Gold
(Oz)
Silver
(oz)
Gold Eq
(Oz)
Total Resource
Variable
All 8,570,000
-0.8
-1
-0.8
379,000 12,720,000
657,000
Tailings Dam - Stockpile
Variable
Stockpile 0
0.0
0
0.0
0 0
0
Grand Total
Variable
All 8,570,000
0.0
3
0.1
379,000 12,720,000
657,000
Positive number indicates resource increasefrom June to December.

Mineral Resource Notes

Mineral Resource Notes for the Serujan Resource:

1. The CUBE representative acting as the qualified person responsible for the preparation of the Serujan December 2010 Resource report and the Mineral Resource estimation is Jason Harris, who is a member of the Australian Institute of Geoscientists. Jason Harris is a Senior Consultant Geologist at Cube with over 10 years experience in exploration, mining and evaluation of mineral commodities. Jason Harris has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. IMK (SRQ) has assumed the responsibility of the competent person for the QAQC and data validation.

2. IMK (SRQ) qualified persons responsible for the QA/QC , geological interpretation protocol and establishing the classification criteria in conjunction with CUBE for the Serujan December 2010 Resource report Mineral Resource estimation is Byron Dumpleton and Ian Stockton. Byron Dumpleton, who is a member of the Australian Institute of Geoscientists. Byron Dumpleton is the Senior Resource Geologist for IMK (SRQ) with over 23 years experience in exploration, mining and evaluation of mineral commodities. Byron Dumpleton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Ian Stockton, who is a member of the Australian Institute of Mining and Metallurgy. Ian Stockton is the Geology Manager for Mt Muro (PT. INDO MURO KENCANNA) with over 22 years experience in exploration, mining and evaluation of mineral commodities. Ian Stockton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

3. Cube Consulting Pty Ltd (Cube) is an Australian owned company providing geological and mining engineering consulting services and software systems to the resources and industrial sectors. Cube is well resourced with an established office in Perth, Western Australia and has undertaken work for a number of substantial clients. Cube comprises a team of technical professionals dedicated to providing excellence of services in their field of expertise.

4. All tonnage, grade and ounce values have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values.

5. Gold Equivalent values are based on $US1300 gold and $US28 for Silver. Gold Equivalent equation = Au value + Ag value/(1300/28). Note these figures have been updated by Straits Resources Ltd to reflect Corporate requirements.

6. Historical and current metallurgical recoveries for Mt Muro range 90 to 91% for Gold and 65 to 70% for Silver.

7. Ore domains used for the Serujan resource are based on a nominal 0.5 g/t Gold Equivalent which at the time of the modeling were based on a Gold to Silver pricing ratio of $US1000 for Gold and $US14 for Silver.

8. Bulk density estimates were assigned on a weathering basis. The bulk density data for the Serujan area was based on density values obtained from the Bantian resource database. Values for Oxide material are 1.8 g/m[3 ] and 2.5g/m[3] for Fresh material. Density values are calculated using the water immersion (Archimedes principle) on diamond core samples.

Mineral Resource Notes for the Bantian Resource:

1. The CUBE representative acting as the qualified person responsible for the preparation of the Bantian December 2010 Resource report and the Mineral Resource estimation is Jason Harris, who is a member of the Australian Institute of Geoscientists. Jason Harris is a Senior Consultant Geologist at Cube with over 10 years experience in exploration, mining and evaluation of mineral commodities. Jason Harris has sufficient experience relevant to the style of mineralisation and

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Straits

type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. IMK (SRQ) has assumed the responsibility of the competent person for the QAQC and data validation.

2. IMK (SRQ) qualified persons responsible for the QA/QC, geological interpretation protocol and establishing the classification criteria in conjunction with CUBE for the Bantian December 2010 Resource report Mineral Resource estimation is Byron Dumpleton and Ian Stockton. Byron Dumpleton, who is a member of the Australian Institute of Geoscientists. Byron Dumpleton is the Senior Resource Geologist for IMK (SRQ) with over 23 years experience in exploration, mining and evaluation of mineral commodities. Byron Dumpleton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Ian Stockton, who is a member of the Australian Institute of Mining and Metallurgy. Ian Stockton is the Geology Manager for Mt Muro (PT. INDO MURO KENCANNA) with over 22 years experience in exploration, mining and evaluation of mineral commodities. Ian Stockton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

3. Cube Consulting Pty Ltd (Cube) is an Australian owned company providing geological and mining engineering consulting services and software systems to the resources and industrial sectors. Cube is well resourced with an established office in Perth, Western Australia and has undertaken work for a number of substantial clients. Cube comprises a team of technical professionals dedicated to providing excellence of services in their field of expertise.

4. All tonnage, grade and ounce values have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values.

5. Gold Equivalent values are based on $US1300 gold and $US28 for Silver. Gold Equivalent equation = Au value + Ag value/(1300/28). Note these figures have been updated by Straits Resources Ltd to reflect Corporate requirements.

6. Historical and current metallurgical recoveries for Mt Muro range 90 to 91% for Gold and 65 to 70% for Silver.

7. Ore domains used for the Bantian resource are based on a nominal 0.5 g/t Gold Equivalent which at the time of the modeling were based on a Gold to Silver pricing ratio of $US1000 for Gold and $US14 for Silver.

8. Bulk density estimates were assigned on a weathering basis. The bulk density data for the Bantian area was based on density values obtained from the Bantian resource database. Values for Oxide material are 1.8 g/m[3 ] and 2.5g/m[3] for Fresh material, Backfill material within the old pits have been assign a value of 2.0 g/cm[3] . Density values are calculated using the water immersion (Archimedes principle) on diamond core samples. .

Mineral Resource Notes for the Permata and Hulubui Resource:

1. The CUBE representative acting as the qualified person responsible for the preparation of the Permata and Hulubai December 2010 Resource report and the Mineral Resource estimation is Denny Wijayadi, who is a member of the Australian Institute of Geoscientists. Denny Wijayadi is a Senior Consultant Geologist at Cube with over 10 years experience in exploration, mining and evaluation of mineral commodities. Denny Wijayadi has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. SRQ has assumed the responsibility of the competent person for the QAQC and data validation.

2. IMK (SRQ) qualified persons responsible for the QA/QC, geological interpretation protocol and establishing the classification criteria in conjunction with CUBE for the Permata and Hulubai December 2010 Resource report Mineral Resource estimation is Byron Dumpleton and Ian Stockton. Byron Dumpleton, who is a member of the Australian Institute of Geoscientists. Byron Dumpleton is the Senior Resource Geologist for SRQ with over 23 years experience in exploration, mining and evaluation of mineral commodities. Byron Dumpleton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Ian Stockton, who is a member of the Australian Institute of Mining and Metallurgy. Ian Stockton is the Geology Manager for Mt Muro (PT. INDO MURO KENCANNA) with over 22 years experience in exploration, mining and evaluation of mineral commodities. Ian Stockton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

3. Cube Consulting Pty Ltd (Cube) is an Australian owned company providing geological and mining engineering consulting services and software systems to the resources and industrial sectors. Cube is well resourced with an established office

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Straits

in Perth, Western Australia and has undertaken work for a number of substantial clients. Cube comprises a team of technical professionals dedicated to providing excellence of services in their field of expertise.

4. All tonnage, grade and ounce values report for this release have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values.

5. Gold Equivalent values reported for this release are based on $US1300 Gold and $US28 for Silver. Gold Equivalent equation = Au value + Ag value/(1300/28). Note the Gold equivalent calculations do not include metallurgical recoveries.

6. Current and Historical metallurgical recoveries for Mt Muro range 90 to 91% for Gold and 65 to 70% for Silver.

7. Ore domains used for the Permata and Hulubai resource are based on a nominal 0.5 g/t Gold Equivalent which at the time of the modeling were based on a Gold to Silver pricing ratio of $US1000 for Gold and $US14 for Silver.

8. Bulk density estimates were assigned on a weathering basis. Values for Oxide material are 1.8 g/m[3 ] and 2.5g/m[3] for Fresh material, Backfill material within the old pits have been assign a value of 2.0 g/cm[3] . Density values are source from the Mt Muro database .Densities at Mt Muro are calculated on site using the water immersion (Archimedes principle) on diamond core samples and from samples from operating pits.

Mineral Resource Notes for the Kerikil Resource:

1. The CUBE representative acting as the qualified person responsible for the preparation of the Kerikil December 2010 Resource report and the Mineral Resource estimation is Denny Wijayadi, who is a member of the Australian Institute of Geoscientists. Denny Wijayadi is a Senior Consultant Geologist at Cube with over 10 years experience in exploration, mining and evaluation of mineral commodities. Denny Wijayadi has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. SRQ has assumed the responsibility of the competent person for the QAQC and data validation.

2. IMK (SRQ) qualified persons responsible for the QA/QC, geological interpretation protocol and establishing the classification criteria in conjunction with CUBE for the Kerikil December 2010 Resource report Mineral Resource estimation is Byron Dumpleton and Ian Stockton. Byron Dumpleton, who is a member of the Australian Institute of Geoscientists. Byron Dumpleton is the Senior Resource Geologist for SRQ with over 23 years experience in exploration, mining and evaluation of mineral commodities. Byron Dumpleton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Ian Stockton, who is a member of the Australian Institute of Mining and Metallurgy. Ian Stockton is the Geology Manager for Mt Muro (PT. INDO MURO KENCANNA) with over 22 years experience in exploration, mining and evaluation of mineral commodities. Ian Stockton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

3. Cube Consulting Pty Ltd (Cube) is an Australian owned company providing geological and mining engineering consulting services and software systems to the resources and industrial sectors. Cube is well resourced with an established office in Perth, Western Australia and has undertaken work for a number of substantial clients. Cube comprises a team of technical professionals dedicated to providing excellence of services in their field of expertise.

4. All tonnage, grade and ounce values report for this release have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values.

5. Gold Equivalent values reported for this release are based on $US1300 Gold and $US28 for Silver. Gold Equivalent equation = Au value + Ag value/(1300/28). Note the Gold equivalent calculations do not include metallurgical recoveries.

6. Current and Historical metallurgical recoveries for Mt Muro range 90 to 91% for Gold and 65 to 70% for Silver.

7. Ore domains used for the Kerikil resource are based on a nominal 0.5 g/t Gold Equivalent which at the time of the modeling were based on a Gold to Silver pricing ratio of $US1000 for Gold and $US14 for Silver.

8. Bulk density estimates were assigned on a weathering basis. Values for Oxide material are 1.8 g/m[3 ] and 2.5g/m[3] for Fresh material, Backfil material within the old pits have been assign a value of 2.0 g/cm[3] . Density values are source from the Mt Muro database .Densities at Mt Muro are calculated on site using the water immersion (Archimedes principle) on diamond core samples and from samples from operating pits.

STRAITS RESOURCES LIMITED ABN 30 147 131 977 Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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Straits

Mineral Resource Notes for Remaining quoted Figures:

  1. IMK (SRQ) qualified persons responsible for the QA/QC, geological interpretation protocol and establishing the classification criteria in conjunction with CUBE for the Kerikil December 2010 Resource report Mineral Resource estimation is Byron Dumpleton and Ian Stockton. Byron Dumpleton, who is a member of the Australian Institute of Geoscientists. Byron Dumpleton is the Senior Resource Geologist for IMK (SRQ) with over 23 years experience in exploration, mining and evaluation of mineral commodities. Byron Dumpleton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Ian Stockton, who is a member of the Australian Institute of Mining and Metallurgy. Ian Stockton is the Geology Manager for Mt Muro (PT. INDO MURO KENCANNA) with over 22 years experience in exploration, mining and evaluation of mineral commodities. Ian Stockton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

2. All tonnage, grade and ounce values report for this release have been rounded to relevant significant figures. Slight errors may occur due to rounding of these values.

  • Gold Equivalent values reported for this release are based on $US1300 Gold and $US28 for Silver. Gold Equivalent equation = Au value + Ag value/(1300/28). Note the Gold equivalent calculations do not include metallurgical recoveries. Current and Historical metallurgical recoveries for Mt Muro range 90 to 91% for Gold and 65 to 70% for Silver.

For further information, please contact either:

  • Mr Dave Greenwood – Corporate Affairs

  • Mr Mark Hands – Company Secretary

  • on +61 8 9480-0500, or visit our website at www.straits.com.au .

Following the approval of the Name Change Resolution at the General Meeting of SRL’s shareholders held on 21 January 2011 and the Demerger Scheme becoming effective on 1 February 2011:

Straits Resources Limited (ACN 056 601 417) changed its name to “International Coal Holdings Limited” (ACN 056 601 417). For ASX purposes, the name change to International Coal Holdings Limited was effective on 16 February 2011 and the company trades under the new ASX code “ICL” from that date.

Straits Metals Limited (ACN 147 131 977), which is demerging from SRL under the Demerger Scheme, has changed its name to “Straits Resources Limited” (ACN 147 131 977). For ASX purposes, the name change of Straits Metals Limited to Straits Resources Limited will be effective from 22 February 2011. The company will at all times trade under the ASX code “SRQ”

About Straits Resources

Straits are a mining and exploration company focusing on copper and gold. Based in Perth, the company has a management team with an impressive track record of advancing resource projects through to full production. Straits controls and operates the Tritton copper operation in NSW, the Mt Muro gold mine in Indonesia and has an outstanding portfolio of exploration projects and resource investments.

STRAITS RESOURCES LIMITED ABN 30 147 131 977

Level 1  35 Ventnor Avenue  West Perth WA 6005  Australia | PO Box 1641  West Perth WA 6872 T: +61 8 9480 0500  F: +61 8 9480 0520  E: [email protected]  www.straits.com.au

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