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AERIS RESOURCES LIMITED Capital/Financing Update 2020

Dec 22, 2020

64347_rns_2020-12-22_01a28654-764f-4f8a-96bc-66fa329e5381.pdf

Capital/Financing Update

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Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153

E [email protected] P +61 (8) 9316 9100 F +61 (8) 9315 5475

gbmr.com.au

ASX Announcement 23 December 2020

ABN 91 124 752 745

Mt Coolon and Yandan Combined Resources Total 852,000 oz, following completion of Yandan acquisition

Highlights

  • GBM Resources Limited (ASX:GBZ) ( GBM or the Company ) advises that all conditions precedent have now been completed for the acquisition of the Yandan Gold Project (through the purchase of all issued share capital in Straits Gold Pty Limited), from Aeris Resources Limited (ASX:AIS) ( Aeris ). Completion date for the acquisition is confirmed to occur on 13 January 2021. A new JORC 2012 Mineral Resource estimate for the two deposits at the Yandan Gold Project (East Hill and South Hill) totals 521,000 ounces.

  • The Combined Mineral Resource estimate for the Yandan Gold Project (Yandan) and the Mt Coolon Gold Project (Mt Coolon) now totals 28.2 Mt at 0.9 g/t Au for 852 koz[3,6 ] This is a significant step in GBM's 'processing halo' strategy to build +1 million ounces within the Mt Coolon region which provides an entry to develop into a mid-tier Australian gold company.

  • Yandan historically produced approximately 350,000 ounces of gold[1,2] . The site includes established mine infrastructure such as power, water dams and access to the Suttor River, tailings and previous plant footprint, strategically located ~40 km west of Mount Coolon in the Drummond Basin.

  • The potential for additional discoveries and resource growth is considered high and in particular around the high grade portion of the East Hill deposit which remains open at depth and down plunge from the currently defined mineralised system.

  • Exploration in 2021 at the Yandan Project, will focus on Infill drilling between the Main Pit and East Hill deposits to expand resources, upgrade the existing non-compliant resource at the IIlamahta Prospect and review Northeast Ridge for oxide resource.

Peter Rohner, Managing Director and CEO, commented:

“This upgrade of the Yandan resources to JORC 2012 represents an important milestone in the Company’s Drummond Basin “processing halo” strategy and delivers a step change in the company’s resource base, with GBM now controlling JORC (2012) compliant Mineral Resources in excess of 852,000 ounces of gold at Mt Coolon and Yandan, predominantly on registered mining leases with established mine infrastructure. We will expand our exploration and drilling plans for 2021, to advance the combined projects and continue to build resource ounces through discovery and acquisition.”

1 Yandan Gold Deposit, Drummond Basin, QLD, R.N. Carver and L.M Chenoweth, CRC LEME 2003

2 Drummond Gold (ASX:DGO) Quarterly Report 31 December 2010

https://web.archive.org/web/20110302012833/http://www.drummondgold.com.au/pdf_news/february_2011/20110127_Quarterly_Report _for_31_December2010.pdf

3 GBM Mineral Resource Estimate for Mount Coolon Gold Project – Appendix 3

6 East Hill and South Hill Mineral Resource Estimate, Mining Associates 30/11/2020 – Appendix 4

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GBM Resources Limited (ASX: GBZ) ( GBM or the Company ) is pleased to announce that, as a result of inclusion of JORC 2012 Mineral Resource estimates for Yandan, the Mount Coolon processing halo now contains, an estimated 851,500 ounces of gold.

Figure 1: Mt Coolon/Yandan Gold Project Location and New Tenement Applications (Blue Outlines)

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GBM resources holds a large, strategic, tenement holding in the Drummond Basin comprising a total of 16 exploration permits (and applications) covering an area in excess of 4,000 square kilometres. This area hosts multiple targets for further discovery of epithermal gold mineralisation and resource extension to further build on the Company’s ‘processing halo’ strategy of + 1 million ounces. Discussions are ongoing on another acquiring another key asset in the basin.

The upgrade to JORC 2012 status of historic gold resources at the East Hill and South Hill deposits at Yandan have resulted in a revised Mineral Resource of 21.5 Mt at 0.8 g/t for 521,000 ounces of gold.

Both the existing Mount Coolon deposits (Koala, Glen Eva and Eugenia) and the Yandan deposits (East Hill and South Hill) are considered by GBM to hold significant exploration upside.

– Cautionary Statement Ownership

The Yandan assets, including the Yandan Mineral Resource, are not owned by GBM. Completion date for the acquisition is confirmed for 13 January 2021.

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Project Location Resource Category Resource Category Resource Category Resource Category Resource Category Resource Category Resource Category Resource Category Resource Category 000' t
Aug/t
Au oz
Total
000' t
Aug/t
Au oz
Total
000' t
Aug/t
Au oz
Total
Cut-off
000' t
Aug/t
Au oz
Measured
000' t
Aug/t
Au oz
Indicated
000' t
Aug/t
Au oz
Inferred
Koala Open Pit 670 2.6 55,100 440 1.9 26,700 1,120 2.3 81,800 0.4
UG Extension 50 3.2 5,300 260 4 34,400 320 3.9 39,700 2.0
Tailings 114 1.7 6,200 9 1.6 400 124 1.6 6,600 1.0
Total 114
1.7
6,200
729
2.6
60,800
700
2.7
61,100
1,563
2.5
128,100
Eugenia Oxide 885 1.1 32,400 597 1.0 19,300 1,482 1.1 51,700 0.4
Sulphide 905 1.2 33,500 1,042 1.2 38,900 1,947 1.2 72,400 0.4
Total 1,790
1.1
65,900
1,639
1.1
58,200
3,430
1.1
124,100
**Glen Eva ** TotalOpen Pit 1,070 1.6 55,200 580 1.2 23,100 1,660 1.5 78,300 0.4
Yandan East Hill 20,600 0.8 505,000 20,060 0.8 505,000 0.3
South Hill 900 0.6 16,000 900 0.6 16,000 0.3
Total 21,500
0.8
521,000
21,500
0.8
521,000
Total 114
1.7
6,200
3,590
1.6
181,900
24,419
0.8
663,400
28,153
0.9
851,500

Table 1: November 2017 Resource Summary for the MCGP updated to include new JORC 2012 resource estimate for Yandan. Please note rounding (1,000’s tonnes, 100’s ounces, 0.1 g/t) may cause minor variations to totals. For full details, please refer to ASX release dated the 4[th] of December 2017.

GBM have competed a detailed review of the geology and exploration potential of Yandan and consider the potential for additional discoveries and resource growth is as high and in particular the high grade East Hill deposit which remains open at depth down plunge from the currently defined mineralised system.

Exploration at the Yandan Project in 2021 will focus on Infill drilling between the Main Pit and East Hill deposits to expand resources, upgrade the existing non-compliant resource at the IIlamahta Prospect and review Northeast Ridge for oxide resources.

Key Terms of the Yandan Acquisition with Aeris Resources Limited

  • i. As consideration for the Yandan acquisition, GBM will issue Aeris fully paid ordinary shares to the value of A$3.0 million (22.22 million shares at The Initial Share Price of 13.5 cents).

  • ii. GBM will grant to Aeris a 1.5% Net Smelter Royalty (NSR) on the first 300,000 oz of gold equivalent produced from ML1095, ML1096 and EPM8257. This NSR will be registered as security over the Project’s Mining and Exploration Licences.

  • iii. Aeris will also subscribe to a Placement of A$1.0 million of fully paid ordinary shares in the capital of GBM, at the same share price which is now confirmed.

GBM received shareholder approval at the AGM on 30[th] November 2020 for the Yandan acquisition. (Refer ASX:GBZ announcement dated 19 October 2020 for detailed acquisition terms)

This ASX announcement was approved and authorised for release by:

Peter Rohner, Managing Director

For further information please contact:

Investor enquiries Media enquiries
Peter Rohner Michael Vaughan
Managing Director Fivemark Partners
+61 8 9316 9100 +61 422 602 720
[email protected] [email protected]

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About GBM Resources

GBM Resources Limited is a mineral exploration and development company focused on the discovery of world-class gold and copper deposits in Eastern Australia. The company has a high calibre project portfolio, hosting district scale mineral systems, located in a number of premier metallogenic terrains including the Drummond Basin, Mt Morgan district and the Mt Isa Inlier in Queensland, and the Malmsbury Project in the prolific Victorian Goldfields. Along with the recently formed JV on the White Dam Gold Project in South Australia in which it holds a 50% interest (in cashflow only).

COMPETENT PERSON STATEMENT

The information in the market announcement provided is an accurate representation of the available data and studies for the material mining project. The information was compiled by Peter Mullens, who is a Fellow of The Australasian Institute of Mining and Metallurgy (Membership No. 107138). Mr Mullens is a holder of shares and options in the company and is a full-time employee of the company. Mr Mullens has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Mullens consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in the market announcement provided is an accurate representation of the available data and studies for the material mining project. The Mineral Resource Estimate for Yandan was compiled by Ian Taylor, who is a Member of The Australasian Institute of Mining and Metallurgy (Membership No. 110090). Mr Taylor has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Taylor consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

GBM confirms that it is not aware of any new data or information that materially affects the information disclosed in this presentation and previously released by GBM in relation to Mineral Resource estimates on its tenure. All material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

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Yandan Project Gold Project and Resource Estimate Commentary

The Yandan Project is located approximately 40 km to the west of the township of Mount Coolon and 155 km southeast of Charters Towers, north Queensland. Tenure covers an area of approximately 75 km[2] and comprises one exploration permit (EPM 8257) and two granted mining leases (ML1095, ML1096). See Figure 5.

Yandan Project Resources – East Hill and South Hill

Within the Yandan project is a revised JORC 2012 Mineral Resource of 21.5 Mt at 0.8 g/t Au for 521,000 ounces of gold at East Hill and South Hill as reported by Mining Associates.

The Mineral Resources is based on a large open pit (~0 to 330 m from surface) at East Hill and a shallower open cut at South Hill.

2020 Inferred Resource
(>0.3g/tAu)
Mineralisation
(Mt)
Grade
(g/t Au)
Gold
(koz)
East Hill 20.6 0.8 505
South Hill 0.9 0.6 16
Total 21.5 0.8 521

Within and included in the above resource, at East Hill there exist higher grade mineralised zones shown in the higher grade cut-off table below. This can also be seen in the sections developed by GBM in Figures 2 and 3. Please note rounding (1,000’s tonnes, 100’s ounces, 0.1 g/t) may cause minor variations to totals.

Area Cut off Material
(Mt)

Grade
(g/t Au)
Gold
(koz)
EastHill > 0.3 to1.0 g/t 18.7 0.5 292
>1.0 to 999 1.9 3.6 218
Sub
Total
20.6 0.8 505

The potential for additional discovery and further Resource growth is considered high, particularly in the higher grade, potential underground zone and further lower grade zones that may fall inside a larger open pit approach. The East Hill resources remain open at depth down plunge from the currently defined system.

Geology and Resource

The Yandan Project leases are located in Devonian to Carboniferous aged sedimentary and volcanic rocks of the Drummond Basin (Figure 1). The mineral prospects are structurally controlled low sulphidation gold epithermal deposits.

East Hill – sits to the east of the old Main Pit that was mined by Ross Mining. A small open pit was mined on the East Hill resource.

At East Hill three phases of gold mineralisation have been observed associated with silica forming vein arrays. In places the mineralised silica halo is extensive with zones in excess of 100 m not uncommon. Mineralisation can be classified as occurring in either:

  • i. Massive silica generally low grade gold mineralised, rarely high grade.

  • ii. Massive silica-pyrite low grade gold mineralised.

  • iii. Crustiform banded silica-adularia-calcite low to more commonly high grade gold mineralised. Strong buddingtonite alteration common.

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The structural and mineralisation history of the East Hill area is interpreted to be as follows:

  • a) Basin inversion at end of Drummond Basin cycle 1 deposition results in dextral and reverse faulting on northeast listric faults with the formation of northeast anticlinal fault warps and steep east tension structures. At East Hill the proximity of the basement basin margin accentuates the deformation.

  • b) Hydrothermal fluids generated by an unknown heat source up flow predominantly in east structures, concentrated at the intersection with northeast faults. Alteration of the host rock occurs above the boiling zone in a zonation from silica-adularia outward to clays.

  • c) At East Hill massive silica veining, low grade Au mineralised, is deposited from upwelling fluids in tension fracturing in approximately 070⁰ and 110⁰ orientations and the alteration zonation is overprinted variably by silica-illite.

  • d) Silica-pyrite veining, As and Sb rich low grade Au mineralisation, is deposited by hydrothermal brecciation at East Hill and porosity dissolution infill at Main Pit and South Hill.

  • e) Late in the deformation at East Hill, crustiform banded veining with high grade Au, is deposited in approximately 110⁰ striking tension fractures by upwelling fluid boiling and interspersed episodes of mixing with recharge cool carbonate fluid.

  • f) Hydrothermal system waning results in kaolinite-siderite alteration overprint by downdrawn carbonate fluids.

  • g) Post-mineralisation deformation results in normal faulting on northeast listric structures and sinistral faulting on steep east structures truncating mineralisation.

Figure 2: Yandan District Plan – Highlighting historic drilling, grades and geology

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Figure 3: Yandan District Section – Highlighting historic drilling, grades and geology

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Note, the Main Pit and South Hill Pit has been mined and a small pit exists on East Hill. Sections 7610 and 7660 are shown in Figures 4 and 5 and incorporate GBM’s revised geological understanding of the project.

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Figure 4: Yandan East Hill Section – Highlighting historic drilling, grades and geology (at section 7610)

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Figure 5: Yandan East Hill Section – Highlighting historic drilling, grades and geology (at section 7660)

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A selection of the historic drilling includes: (for related results see Appendix 1)

Drill Hole
From (m)
To (m)
Length (m)
Au g/t
YAN 0054
211.0
387.6
176.6
2.4
Includes
300.5
328.0
27.5
8.1
Includes
361.5
370.0
8.5
10.2
YAN 0115
294.5
378.0
83.5
3.8
Includes
310.7
332.0
21.3
9.8
YAN 013 5
214.3
311.0
96.7
0.8
YAN 0145
275.0
396.0
121.0
0.6
YAN 0165
222.1
406.5
185.0
1.0
Includes
307.4
332.0
24.7
2.8
Includes
344.6
356.0
11.4
5.0
YAN 0175
276.6
368.0
91.4
1.0
Includes
291.2
299.7
8.5
5.2
YAN 0185
355.0
375.0
20.0
1.5
YAN 0225
283.0
371.0
88.0
7.9
YAN 0235
286.4
321.9
35.5
1.1

References:

4 ASX release – SRQ, Straits Press Release 9 Aug 2005. Yandan east Hill Discovery

5 ASX release – SRQ, Straits Quarterly Report period ending March 31 2006

Drilling and Sampling Techniques

This resource is based on samples from 569 drill holes and a total of 60,688 metres of drilling. This comprised 68 pre-collared diamond drill holes for 15,579 metres and 398 reverse circulation drill holes for 39,446 metres . Diamond drill core was sawn in half longitudinally and sampled on a preferred 1.0 metre interval (although a small number of samples range between 0.3m and 2.0m). RC samples were riffle split to a nominal 3 to 5 kg weight for submission to the laboratory. A total of 2618 samples were assayed (1768 diamond and 915 RC).

Analytical Techniques

At the laboratory RC samples and core were pulverised to produce a 30g or 50g charge for gold fire assay analysis with an AAS finish. For further details of individual laboratory techniques please refer to table-1 appended to this release.

Quality control checks and data were not available in digital format for review by Mining Associates. Electronic (pdf) format results were available for straits Resources drilling. GBM plans to transfer this data to an electronic data base for analyses, and search for other company quality control data prior to an upgrade in the resource category to indicated.

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Resource Classification

The Yandan deposit has in many areas been drilled on relatively close spacings (Hole spacing is generally on a 25 m by 20 m grid extending to larger and irregular spacing with depth) which would, particularly for a deposit with a demonstrated production history, be considered adequate for classification as indicated or even measured in part. However, the lack of analyses of quality control data and production data supporting reconciliation has resulted in this resource being classified as inferred at this time.

Estimation Methodology

  • Estimation undertaken in Surpac 7.3.

  • Experimental Variograms were generated in Supervisor and Surpac. Experimental Variograms were poorly formed, due to the grade distribution expected in a epithermal gold-silver deposits. Variogram sills were standardized to 1. Nuggets were generally moderate to low, ranging from 0.22 to 0.56, and the range of the variogram ranged from 50m to 115m. Geometric Anisotropy was adopted and ellipsoid ratios applied to reflect directional variograms.

  • Estimation parameters: min samples 12 and max 20 first pass, minor veins min samples 5 and max 12 or 16. Required number of samples was relaxed for subsequent passes.

  • Search distances were set a 60 m with anisotropy ratios of 1.67 and 2.5. search distances were doubled on 2nd pass and trebled on the 3rd pass. Informing composites were limited to 5 per drill hole for pass one and two, this restriction was removed for pass 3. 44% of blocks are estimated in pass 1, 51% in pass two and 5% in pass three.

  • Silver is considered a by-product and has been estimated using the similar parameters as the gold estimate.

  • No other variables were considered in this resource estimate.

  • Block size was 25 m x 10 m x 10 m (XYZ) which considers vein orientation and drill pattern. (approximately ½ the drill spacing)

  • Sub-blocking of 1.25 m x 3.125 m x 1.25 m was permitted allowing sufficient detail in the model to reflect the higher grade vein sets.

  • Wireframes were constructed based on surface mapping, and drill hole intercepts greater than 0.3g/t Au and high grade greater than 2.0 g/t Au. Wireframes were used to constrain the individual veins estimates. Wireframes were clipped by a manual conceptual pit outline based on a gold price of Au$2,800.

  • High grade outliers data were capped. Identified erratic high grades were sidelined during the capping analysis, these samples were capped and used in the estimate. Au was capped by domain and capped grades ranged from 3.06 to 85.42 g/t, Ag ranged from 8.0 to 59.7 g/t.

  • Global mean grades for estimated blocks and drill hole samples compared well.

  • Ordinary krige estimates were compared to nearest neighbour and inverse distance estimates, to assess the impact of data clustering and semi-variograms.

  • Swath plots along strike were constructed and showed a good correlation between sample data and estimated block grades, especially in well informed areas.

Cut-Off Grade

The resources are reported at a 0.3 g/t Au cut-off grade, reflecting reasonably foreseeable economic production costs and gold prices for underground mining and processing. The resource has been constrained in areas where a conceptual pit indicated that mining factors may not result in eventual economic extraction. This work was not definitive and further, more detailed analyses may result in these areas being included in future resource estimates.

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Mining and Metallurgical and other factors.

The mining method to be employed is open pit mining. Open pit mining is assumed (not demonstrated) based on the experience of the CP and GBM staff, and because it has been used in previous mining at the Yandan site. It is considered that the mineralization has sufficient continuity, width and contains sufficient gold to have reasonable prospects of eventual economic extraction.

Preliminary un-optimised metallurgical testwork has been conducted by several companies (Straits Gold – 2005, Drummond Gold - 2010) and has demonstrated that recoveries of 70 to 90% could be expected from sulphide ores treated by a conventional grinding / cyanide leaching process. Some optimisation by including flotation and fine grinding of certain styles of mineralisation is likely to improve gold recoveries to the higher range.

Oxide material has previously been successfully treated by grinding / cyanidation and heap leaching with recoveries of 93% and 62% respectively.

The Yandan Minesite already contains a significant treatment plant area and tailings footprint, so only limited additional environmental bond for the processing element would be required. Capacity exists to build up on top of the existing tailings dams (no additional disturbance). Ready access to power and water is available at the project.

GBM is focused on defining a large low grade open pit resource that can be mined in conjunction with higher grade ore from GBM’s Mt Coolon Project. Conceptually GBM see a plant funded by higher grade ores, with a lower grade pit brought into production after the project has sufficient cash flow to ease the funding requirements of a large pre-strip.

Optionality of the Yandan resource, should gold prices go lower, to yield a small high grade UG project could be targeted.

Tenement Status

The Yandan resource is located on Granted mining leases ML 1095 and ML 1096. Mining leases (ML) for Yandan project expire 30 June 2021. GBM on completion will acquire 100% of Straits Gold Pty Ltd which is the registered holder of ML 1095 and 1096. Renewal applications are in process for these ML’s.

Previous Mining and Development

The Drummond basin has been explored for gold by a number of companies since the beginning of the 1980’s. Companies previously holding the Yandan tenements include the following:

  • WMC ~1985-1992 (tenement consolidated as EPM 8257 in 1991).

  • Ross Mining NL (RSM) (1993-2000).

  • Ashburton Minerals and Delta Gold (2000).

  • Normandy Mining/Newmont Australia. Normandy Mining (which became Newmont Australia) (2000-2002).

The discovery of Yandan resulted from a regional exploration program undertaken by WMC between 1985 and 1992, which resulted in the discovery of all the main prospects within the tenement. This was followed by regional reconnaissance and additional work on prospects conducted by RSM. No significant additional discoveries were made from RSMs exploration efforts.

RSM recovered 365,000oz Au from the Yandan Gold Mine through a combination of CIP and dump leach operations from 1992 to 1998. The last gold bar was poured from the CIP operations in April 1999 and the plant was subsequently relocated in June of that year. Delta Gold completed a take-over of RSM in 2000.

On 26 February 2004, Straits Exploration (Australia) Pty Ltd, a wholly owned subsidiary of Straits Resources Ltd, entered into an Option and Joint Venture Agreement with Wirralie Mines Pty Ltd, a wholly owned subsidiary of Ashburton Minerals Ltd with respect to EPM8257 and ML1095.

Ashburton Minerals Ltd subsequently decided to sell Wirralie Mines Pty Ltd in October 2005, and Straits exercised its pre-emptive right as part of the Joint Venture to purchase the Yandan tenements (EPM8257,

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ML1095 and ML1096). The transfer of the exploration licence to Straits Exploration (Australia) Pty Ltd was effective from 3 May 2006.

As part of a corporate reconstruction within the Straits group, it was decided to transfer the tenement from Straits Exploration (Australia) Pty Ltd to Straits Gold Pty Ltd. The transfer of the exploration licence to Straits Gold Pty Ltd was effective from 2 August 2006 for ML1095 and ML1096, and 26 September for EPM8257.

In May 2009, Drummond Gold entered a Farm In Agreement with Straits Resources for the Yandan Project tenements. The agreement specified $1M expenditure within the initial 12 months after which Drummond could withdraw from the agreement.

Drummond undertook exploration activities at Yandan during 2010, focused on drilling at East Hill to test for extensions. Hellman & Schofield completed a mineral resource upgrade as a result, defining a JORC compliant (2004) resource of 8.56 Mt at 1.5 g/t Au. In July 2011, Drummond formally withdrew from the Heads of Agreement for the farm in and joint venture with Straits for the Yandan project in July 2011.

Site Infrastructure

Significant infrastructure exists at the site such as power, water dams and access to the Suttor River, tailings and previous plant footprint and GBM considers this site to be key for its centralised processing hub strategy (as Ross Mining also did from 1994 to 1999). See Figure 7.

- Exploration Focus Yandan Targets

East Hill / Main Pit / South Pit

The exploration areas below are targeted for 2 main reasons. Extension of high grade targets at depth and infill drilling of areas that could fall into a larger open pit on the broader mineralised envelope outlined in the earlier tables at 0.3 and 0.4 g/t Au cut-off grades on page 6.

  1. The “Link Zone” between Yandan East veins & the main pit. Drilling does not appear to have tested this area for continuation of the Yandan East Vein Zone. Preliminary evaluation of this proposed target in Discover 3D suggests a strike length of 250 m remains untested along trend between the Yandan East veining and the Main pit (Figure 6). This trend coincides with the permissive EW trend known to be dilatant at the time of mineralization. The most westerly Straits hole (YAN25) along the Yandan East trend did not intersect significant mineralization. However, given the poddy nature of the Yandan East mineralization, this hole may have intersected an intra-shoot gap.

  2. New understanding of the mineralisation control resulting from the East Pit relogging campaign has identified a 250 m section extending from East pit veining towards South Pit, beneath the coherent andesite cap, as a high priority conceptual target. Given that the strike length of the current East pit resource is in the order of 250 m, there is conceptual potential to conceal a similar size resource in this target area.

  3. South Pit to Main Pit zone shows some higher grade intervals in this trend, corresponding to the chargeability corridor.

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Figure 6: Plan of Yandan Main and East Hill Drilling. Drill holes coloured by gold assay. Plan also shows pit outlines and WMC IP chargeability

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Illamahta / Northeast Ridge

The Illamahta prospect is part of the Illamahta to Orchid Hill mineralized trend in the south of the Yandan Trough. WMC and Ross Mining defined a low grade mixed oxide and refractory resource of 907,997 tonnes @ 0.96 g/t for 28,157 ounces (0.5 g/t cut-off) (Johnston, 1993), based on RC drilling and two diamond holes at the Illamahta South hill. With the recognition of new epithermal fissure vein mineralization at Gemini North & South, the Illamahta system now has the largest alteration / geochemical footprint of all the epithermal centres identified to date in the Tenement. The Illamahta epithermal system remains significantly under explored for Au / Ag mineralization.

Rock chip sampling at Northeast Ridge identified an area of quartz veining along a broad NNE trending structural corridor (initial sample 3.22 g/t, resample 4.85 g/t). The samples were taken from quartz veining in basement metasediments that does not show epithermal textures. The veining is located close to the basement contact with Drummond sediments, which dip to the east and may be in fault contact with the metasediments. Mapping has identified unaltered dacite plugs nearby with several additional apparent intrusive bodies on the magnetics, with possible magnetic depletion in the vicinity of the above mentioned veining.

See Figure 7 for locations of these target areas.

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Figure 7: Yandan Gold Project and Mine Infrastructure

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APPENDIX 1 – DRILL HOLE INTERSECTIONS GREATER THAN 10 GRAM.METRES.

Yandan Project Significant Gold Intersections

Calculated bulk composite length weighted intersections with a cut-off grade above 1 g/t Au including up to 4 m internal dilution at an average grade of above 0.1 g/t Au. All interval lengths represent down hole lengths. Intersection above 10 gram metres are presented, an additional 891 intervals with less than 10 gram meter interactions were identified and are not presented.

Hole ID From Depth To Depth Au g/t Ag g/t S % Interval Length (m) Intersection Gram metre
intersection
YAN010 335.5 338 247.9 181.6 0.63 2.5 2.5 [email protected]/t Au from 335.5 m 619.75
YAN022 354 371 21.44 15.31 1.78 17 17 [email protected]/t Au from 354 m 364.48
YNDC189 9 49 5.67 40 40 [email protected]/t Au from 9 m 226.8
YNDC186 0 50 4.47 50 50 [email protected]/t Au from 0 m 223.5
YAN022 336 353 12.81 8.63 1.54 17 17 [email protected]/t Au from 336 m 217.77
YNDD153 12 63 3.56 51 51 [email protected]/t Au from 12 m 181.56
YNDC2 2 59 3.12 57 57 [email protected]/t Au from 2 m 177.84
YNDC29 0 45 3.44 45 45 [email protected]/t Au from 0 m 154.8
YNDC35 0 47 3.29 47 47 [email protected]/t Au from 0 m 154.63
YNDC63 0 32 4.81 32 32 [email protected]/t Au from 0 m 153.92
YNDC7 0 49 3.13 49 49 [email protected]/t Au from 0 m 153.37
YNDC93 2 37 4.27 35 35 [email protected]/t Au from 2 m 149.45
YNDC137 18 57 3.47 39 39 [email protected]/t Au from 18 m 135.33
YNDC178 0 21 6.27 21 21 [email protected]/t Au from 0 m 131.67
YNDD177 0 41 2.99 41 41 [email protected]/t Au from 0 m 122.59
YNDC192 0 38 3.05 38 38 [email protected]/t Au from 0 m 115.9
YNDC76 41 72 3.6 31 31 [email protected]/t Au from 41 m 111.6
EHRCD003 290.1 297 16.08 6.9 6.9 [email protected]/t Au from 290.1 m 110.95
YNDC39 0 40 2.76 40 40 [email protected]/t Au from 0 m 110.4
YNDC179 3 30 3.91 27 27 [email protected]/t Au from 3 m 105.57
YNDD20 0 37 2.75 37 37 [email protected]/t Au from 0 m 101.75
YAN011 310.7 313 42.53 24.67 2.92 2.3 2.3 [email protected]/t Au from 310.7 m 97.82
EHRCD007 309 317 12.16 8 8 [email protected]/t Au from 309 m 97.28
YNDC76 0 33 2.7 33 33 [email protected]/t Au from 0 m 89.1
YNDC97 0 22 3.72 22 22 [email protected]/t Au from 0 m 81.84
YNDC3 3 37 2.39 34 34 [email protected]/t Au from 3 m 81.26
YNDC53 1 41 1.98 40 40 [email protected]/t Au from 1 m 79.2
YNDC28 0 36 2.18 36 36 [email protected]/t Au from 0 m 78.48
YNDD148 0 14 5.58 14 14 [email protected]/t Au from 0 m 78.12
EHRCD003 311 322.1 7.02 11.1 11.1 [email protected]/t Au from 311 m 77.92
YNDC223 35 61 2.88 26 26 [email protected]/t Au from 35 m 74.88
YAN011 318 323.5 13.55 10.13 2.01 5.5 5.5 [email protected]/t Au from 318 m 74.53
YNDC73 24 59 2.12 35 35 [email protected]/t Au from 24 m 74.2
YAN005 365 373.4 8.57 4.28 2.33 8.4 8.4 [email protected]/t Au from 365 m 71.99
YNDC78 36 66 2.35 30 30 [email protected]/t Au from 36 m 70.5
YNDC32 5 27 3.16 22 22 [email protected]/t Au from 5 m 69.52
YNDD149 0 16 4.28 16 16 [email protected]/t Au from 0 m 68.48
YNDD150 17 41 2.8 24 24 [email protected]/t Au from 17 m 67.2
YNDC161 40 69 2.22 29 29 [email protected]/t Au from 40 m 64.38
YAN005 300.5 306 11.6 11.78 2.59 5.5 5.5 [email protected]/t Au from 300.5 m 63.8
YNDD149 18 38 3.18 20 20 [email protected]/t Au from 18 m 63.6
YNDC162 14 42 2.25 28 28 [email protected]/t Au from 14 m 63
YNDC162 43 66 2.72 23 23 [email protected]/t Au from 43 m 62.56
YNDC315 28 63 1.77 35 35 [email protected]/t Au from 28 m 61.95
YNDC38 20 49 2.09 29 29 [email protected]/t Au from 20 m 60.61
YNDC222 39 63 2.48 24 24 [email protected]/t Au from 39 m 59.52
YNDD19 37 56 3.08 19 19 [email protected]/t Au from 37 m 58.52
YNDC341 9 38 1.96 29 29 [email protected]/t Au from 9 m 56.84
YNDC182 18 40 2.53 22 22 [email protected]/t Au from 18 m 55.66
YNDC185 0 21 2.6 21 21 [email protected]/t Au from 0 m 54.6
YAN011 330.9 341.2 5.28 4.3 1.89 10.3 10.3 [email protected]/t Au from 330.9 m 54.38
YNDC99 7 31 2.21 24 24 [email protected]/t Au from 7 m 53.04
YNDC262 25 51 2 26 26 m@2g/t Au from 25 m 52
YNDC8 0 15 3.4 15 15 [email protected]/t Au from 0 m 51
YNDC65 0 13 3.88 13 13 [email protected]/t Au from 0 m 50.44
YNDC56 1 24 2.19 23 23 [email protected]/t Au from 1 m 50.37

15

==> picture [62 x 30] intentionally omitted <==

Hole ID From Depth To Depth Au g/t Ag g/t S % Interval Length (m) Intersection Gram metre
intersection
YNDC165 0 17 2.95 17 17 [email protected]/t Au from 0 m 50.15
YAN022 325.35 335 5.13 3.71 2.26 9.65 9.6 [email protected]/t Au from 325.35 m 49.5
YAN016 323.43 335 4.18 3.65 3.32 11.57 11.6 [email protected]/t Au from 323.43 m 48.36
YAN011 274.6 275.3 67.3 44.4 3.37 0.7 0.7 [email protected]/t Au from 274.6 m 47.11
YNDC79 34 51 2.76 17 17 [email protected]/t Au from 34 m 46.92
YNDD17 49 70 2.22 21 21 [email protected]/t Au from 49 m 46.62
YNDC134 11 35 1.93 24 24 [email protected]/t Au from 11 m 46.32
YNDC131 43 59 2.79 16 16 [email protected]/t Au from 43 m 44.64
YNDD184 15 41 1.69 26 26 [email protected]/t Au from 15 m 43.94
YAN032 202 207 8.75 42.68 1.98 5 5 [email protected]/t Au from 202 m 43.75
YNDD17 0 26 1.67 26 26 [email protected]/t Au from 0 m 43.42
YNDD155 66 76 4.31 10 10 [email protected]/t Au from 66 m 43.1
YNDD177 41.8 58 2.64 16.2 16.2 [email protected]/t Au from 41.8 m 42.77
YAN005 317.6 318 104 85.8 1.24 0.4 0.4 m@104g/t Au from 317.6 m 41.6
YAN005 308.7 314 7.84 6.53 1.61 5.3 5.3 [email protected]/t Au from 308.7 m 41.55
YAN022 287.4 301.1 3.02 6.75 2.72 13.7 13.7 [email protected]/t Au from 287.4 m 41.37
YNDC4 37 59 1.88 22 22 [email protected]/t Au from 37 m 41.36
YNDD152 0 14 2.92 14 14 [email protected]/t Au from 0 m 40.88
YAN001 253 259.85 5.94 14.19 2.24 6.85 6.9 [email protected]/t Au from 253 m 40.69
YNDC332 39 63 1.68 24 24 [email protected]/t Au from 39 m 40.32
YNDC96 7 12 7.93 5 5 [email protected]/t Au from 7 m 39.65
YNDD175 30 44 2.71 14 14 [email protected]/t Au from 30 m 37.94
YNDC182 0 17 2.23 17 17 [email protected]/t Au from 0 m 37.91
YNDC160 56 77 1.8 21 21 [email protected]/t Au from 56 m 37.8
YNDC30 16 41 1.5 25 25 [email protected]/t Au from 16 m 37.5
YNDC185 22 46 1.54 24 24 [email protected]/t Au from 22 m 36.96
YNDD245 26 45 1.91 19 19 [email protected]/t Au from 26 m 36.29
YNDD302 125 140.1 2.4 0.19 0.23 15.1 15.1 [email protected]/t Au from 125 m 36.24
YNDC326 48 72 1.5 24 24 [email protected]/t Au from 48 m 36
YNDC98 14 31 2.1 17 17 [email protected]/t Au from 14 m 35.7
YNDC216 1 12 3.24 11 11 [email protected]/t Au from 1 m 35.64
YNDC342 34 55 1.69 21 21 [email protected]/t Au from 34 m 35.49
YNDC93 39 60 1.68 21 21 [email protected]/t Au from 39 m 35.28
YNDC55 34 56 1.57 22 22 [email protected]/t Au from 34 m 34.54
YAN028 285.8 300.2 2.35 5.7 2.81 14.4 14.4 [email protected]/t Au from 285.8 m 33.84
YNDC5 36 59 1.46 23 23 [email protected]/t Au from 36 m 33.58
YNDC27 36 53 1.97 17 17 [email protected]/t Au from 36 m 33.49
YAN011 325.9 330 7.84 5.79 1.69 4.1 4.1 [email protected]/t Au from 325.9 m 32.14
YNDC6 0 16 2 16 16 m@2g/t Au from 0 m 32
YNDC330 48 68 1.57 20 20 [email protected]/t Au from 48 m 31.4
YNDD184 43 53 3.13 10 10 [email protected]/t Au from 43 m 31.3
EHRCD001 215.4 217.4 15.54 394.4 3.31 2 2 [email protected]/t Au from 215.4 m 31.08
YNDD308 27 47 1.52 20 20 [email protected]/t Au from 27 m 30.4
YNDD17 30 47 1.78 17 17 [email protected]/t Au from 30 m 30.26
YAN016 344 352 3.75 3.31 3.21 8 8 [email protected]/t Au from 344 m 30
YNDC95 3 21 1.66 18 18 [email protected]/t Au from 3 m 29.88
YNDC251 37 53 1.84 16 16 [email protected]/t Au from 37 m 29.44
YAN022 269.1 285 1.84 6.5 2.19 15.9 15.9 [email protected]/t Au from 269.1 m 29.26
YNDC131 0 16 1.81 16 16 [email protected]/t Au from 0 m 28.96
YNDD310 1 17 1.79 16 16 [email protected]/t Au from 1 m 28.64
YNDC136 63 76 2.18 13 13 [email protected]/t Au from 63 m 28.34
YNDC79 52 67 1.88 15 15 [email protected]/t Au from 52 m 28.2
YNDD188 62 74 2.34 12 12 [email protected]/t Au from 62 m 28.08
EHRCD006 307 320.2 2.12 3.71 1.37 13.2 13.2 [email protected]/t Au from 307 m 27.98
YNDD241 56 74 1.54 18 18 [email protected]/t Au from 56 m 27.72
YNDD150 0 9 3.06 9 9 [email protected]/t Au from 0 m 27.54
YNDD302 215.3 216.3 27.15 0.36 1 1 [email protected]/t Au from 215.3 m 27.15
YAN005 322.8 330 3.73 2.92 2.03 7.2 7.2 [email protected]/t Au from 322.8 m 26.86
YNDC196 50 65 1.76 15 15 [email protected]/t Au from 50 m 26.4
YNDC317 31 50 1.38 19 19 [email protected]/t Au from 31 m 26.22
YNDC341 39 55 1.63 16 16 [email protected]/t Au from 39 m 26.08
YNDC159 11 25 1.86 14 14 [email protected]/t Au from 11 m 26.04
YNDC159 26 44 1.44 18 18 [email protected]/t Au from 26 m 25.92
YNDC62 9 19 2.57 10 10 [email protected]/t Au from 9 m 25.7
YNDC190 21 36 1.7 15 15 [email protected]/t Au from 21 m 25.5
YNDD154 26 39 1.95 13 13 [email protected]/t Au from 26 m 25.35

16

==> picture [62 x 30] intentionally omitted <==

Hole ID From Depth To Depth Au g/t Ag g/t S % Interval Length (m) Intersection Gram metre
intersection
YNDC34 15 32 1.49 17 17 [email protected]/t Au from 15 m 25.33
YNDD226 67 68 25.2 1 1 [email protected]/t Au from 67 m 25.2
YAN036 311.7 312.4 35.9 22.4 0.76 0.7 0.7 [email protected]/t Au from 311.7 m 25.13
YNDD20 148 149 25.1 1 1 [email protected]/t Au from 148 m 25.1
YAN016 355 356 25.1 10.7 3.26 1 1 [email protected]/t Au from 355 m 25.1
YNDC78 68 77 2.78 9 9 [email protected]/t Au from 68 m 25.02
YNDC312 6 22 1.51 16 16 [email protected]/t Au from 6 m 24.16
YAN016 136 146 2.41 13.03 1.28 10 10 [email protected]/t Au from 136 m 24.1
YNDC160 31 40 2.66 9 9 [email protected]/t Au from 31 m 23.94
YNDD244 41 52 2.12 11 11 [email protected]/t Au from 41 m 23.32
YAN017 291.2 297.5 3.63 5 2.97 6.3 6.3 [email protected]/t Au from 291.2 m 22.87
YNDC40 0 13 1.75 13 13 [email protected]/t Au from 0 m 22.75
YNDC4 1 16 1.51 15 15 [email protected]/t Au from 1 m 22.65
YNDD153 0 10 2.25 10 10 [email protected]/t Au from 0 m 22.5
YNDC54 41 56 1.5 15 15 [email protected]/t Au from 41 m 22.5
YNDC98 0 7 3.2 7 7 [email protected]/t Au from 0 m 22.4
YNDD295 20 32 1.85 12 12 [email protected]/t Au from 20 m 22.2
YNDD245 72 83 1.98 11 11 [email protected]/t Au from 72 m 21.78
YNDC354 55 72 1.28 17 17 [email protected]/t Au from 55 m 21.76
YNDD304 133.3 137.3 5.34 2.25 4 4 [email protected]/t Au from 133.3 m 21.36
EHRCD003 223 228.5 3.88 5.5 5.5 [email protected]/t Au from 223 m 21.34
YNDC135 47 57 2.13 10 10 [email protected]/t Au from 47 m 21.3
YNDC130 21 35 1.52 14 14 [email protected]/t Au from 21 m 21.28
YNDC340 2 19 1.25 17 17 [email protected]/t Au from 2 m 21.25
YNDD152 25 36 1.93 11 11 [email protected]/t Au from 25 m 21.23
YNDC381 17 33 1.32 16 16 [email protected]/t Au from 17 m 21.12
YNDC331 27 40 1.62 13 13 [email protected]/t Au from 27 m 21.06
YAN005 357 364 2.96 2.29 1.63 7 7 [email protected]/t Au from 357 m 20.72
YAN017 299.3 299.7 50.9 28.9 2.61 0.4 0.4 [email protected]/t Au from 299.3 m 20.36
YNDD297 120 128.4 2.42 0.01 8.4 8.4 [email protected]/t Au from 120 m 20.33
YAN018 360.63 368.66 2.53 3.01 1.46 8.03 8 [email protected]/t Au from 360.63 m 20.32
YNDD151 13 25 1.69 12 12 [email protected]/t Au from 13 m 20.28
YNDC27 58 73 1.35 15 15 [email protected]/t Au from 58 m 20.25
YAN023 273.4 282.8 2.15 3.41 2.79 9.4 9.4 [email protected]/t Au from 273.4 m 20.21
YNDC195 41 51 1.98 10 10 [email protected]/t Au from 41 m 19.8
YNDC251 12 27 1.32 15 15 [email protected]/t Au from 12 m 19.8
YNDC348 60 72 1.64 12 12 [email protected]/t Au from 60 m 19.68
YNDC38 6 18 1.63 12 12 [email protected]/t Au from 6 m 19.56
YNDC4 20 35 1.29 15 15 [email protected]/t Au from 20 m 19.35
YNDC161 20 37 1.13 17 17 [email protected]/t Au from 20 m 19.21
YNDD155 18 31 1.47 13 13 [email protected]/t Au from 18 m 19.11
YNDC173 30 45 1.27 15 15 [email protected]/t Au from 30 m 19.05
YAN016 312 319 2.69 2.88 1.68 7 7 [email protected]/t Au from 312 m 18.83
YNDC173 9 23 1.32 14 14 [email protected]/t Au from 9 m 18.48
EHRCD006 323 331 2.31 1.59 1.26 8 8 [email protected]/t Au from 323 m 18.48
EHRCD009 285 296 1.67 2.25 1.23 11 11 [email protected]/t Au from 285 m 18.37
YNDC171 10 23 1.41 13 13 [email protected]/t Au from 10 m 18.33
YNDC176 0 10 1.81 10 10 [email protected]/t Au from 0 m 18.1
YNDC199 35 37 8.9 2 2 [email protected]/t Au from 35 m 17.8
YNDD261 49.9 61 1.6 11.1 11.1 [email protected]/t Au from 49.9 m 17.76
YNDC94 23 35 1.48 12 12 [email protected]/t Au from 23 m 17.76
YNDD245 48 50.7 6.54 2.7 2.7 [email protected]/t Au from 48 m 17.66
YNDC246 22 35 1.35 13 13 [email protected]/t Au from 22 m 17.55
YNDC381 1 13 1.46 12 12 [email protected]/t Au from 1 m 17.52
YNDC39 44 54 1.75 10 10 [email protected]/t Au from 44 m 17.5
YAN017 276.6 278 12.48 9.57 2.79 1.4 1.4 [email protected]/t Au from 276.6 m 17.47
YNDD297 144 144.6 29 0.35 0.6 0.6 m@29g/t Au from 144 m 17.4
YNDC77 18 28 1.73 10 10 [email protected]/t Au from 18 m 17.3
YNDC27 20 31 1.57 11 11 [email protected]/t Au from 20 m 17.27
YNDC68 59 62 5.72 3 3 [email protected]/t Au from 59 m 17.16
YNDC34 33 45 1.43 12 12 [email protected]/t Au from 33 m 17.16
YNDC183 22 36 1.22 14 14 [email protected]/t Au from 22 m 17.08
YAN036 245.2 256.9 1.46 1.85 1.77 11.7 11.7 [email protected]/t Au from 245.2 m 17.08
YNDC262 11 23 1.42 12 12 [email protected]/t Au from 11 m 17.04
YNDC359 9 18 1.89 9 9 [email protected]/t Au from 9 m 17.01
YAN011 232.9 237 4.13 11.96 1.93 4.1 4.1 [email protected]/t Au from 232.9 m 16.93

17

==> picture [62 x 30] intentionally omitted <==

Hole ID From Depth To Depth Au g/t Ag g/t S % Interval Length (m) Intersection Gram metre
intersection
YNDC133 20 32 1.41 12 12 [email protected]/t Au from 20 m 16.92
YNDC78 21 34 1.3 13 13 [email protected]/t Au from 21 m 16.9
YNDC36 2 9 2.41 7 7 [email protected]/t Au from 2 m 16.87
EHRCD006 341 347 2.79 1.41 1.52 6 6 [email protected]/t Au from 341 m 16.74
YNDC32 57 64 2.39 7 7 [email protected]/t Au from 57 m 16.73
YNDC137 3 16 1.28 13 13 [email protected]/t Au from 3 m 16.64
EHRCD009 266 276 1.66 3.61 1.53 10 10 [email protected]/t Au from 266 m 16.6
YNDC133 39 46 2.37 7 7 [email protected]/t Au from 39 m 16.59
YNDD226 49 58 1.84 9 9 [email protected]/t Au from 49 m 16.56
YNDC54 13 19 2.76 6 6 [email protected]/t Au from 13 m 16.56
YNDD297 144.9 151 2.71 3.39 0.33 6.1 6.1 [email protected]/t Au from 144.9 m 16.53
YNDC348 45 56 1.5 11 11 [email protected]/t Au from 45 m 16.5
YNDC34 0 12 1.37 12 12 [email protected]/t Au from 0 m 16.44
YNDC75 0 11 1.49 11 11 [email protected]/t Au from 0 m 16.39
YAN001 295.2 296.15 17.15 90.3 0.54 0.95 0.9 [email protected]/t Au from 295.2 m 16.29
YNDC173 49 60 1.48 11 11 [email protected]/t Au from 49 m 16.28
YNDC32 46 53 2.3 7 7 [email protected]/t Au from 46 m 16.1
YNDC77 33 47 1.15 14 14 [email protected]/t Au from 33 m 16.1
YNDD255 37 47 1.6 10 10 [email protected]/t Au from 37 m 16
YNDC91 3 14 1.44 11 11 [email protected]/t Au from 3 m 15.84
YNDD245 85 90.5 2.86 5.5 5.5 [email protected]/t Au from 85 m 15.73
YNDC219 14 22 1.96 8 8 [email protected]/t Au from 14 m 15.68
YAN014 283.6 294.6 1.42 3.06 1.69 11 11 [email protected]/t Au from 283.6 m 15.62
YNDD302 227.7 232 3.62 0.01 4.3 4.3 [email protected]/t Au from 227.7 m 15.57
YNDC217 4 7 5.17 3 3 [email protected]/t Au from 4 m 15.51
YNDD154 62 73 1.41 11 11 [email protected]/t Au from 62 m 15.51
YNDC257 43 56 1.19 13 13 [email protected]/t Au from 43 m 15.47
YNDC16 25 30 3.06 5 5 [email protected]/t Au from 25 m 15.3
YNDC222 75 80 3.05 5 5 [email protected]/t Au from 75 m 15.25
YNDC55 10 23 1.17 13 13 [email protected]/t Au from 10 m 15.21
YNDC341 57 68 1.38 11 11 [email protected]/t Au from 57 m 15.18
YAN031 267 279 1.26 2.72 5.89 12 12 [email protected]/t Au from 267 m 15.12
YNDC32 28 41 1.16 13 13 [email protected]/t Au from 28 m 15.08
YAN005 231 242 1.37 1.91 2.01 11 11 [email protected]/t Au from 231 m 15.07
YNDC73 62 72 1.49 10 10 [email protected]/t Au from 62 m 14.9
YNDC174 30 42 1.24 12 12 [email protected]/t Au from 30 m 14.88
YAN023 300 307.9 1.88 2.39 3.69 7.9 7.9 [email protected]/t Au from 300 m 14.85
YNDC183 0 12 1.23 12 12 [email protected]/t Au from 0 m 14.76
YNDD184 0 12 1.23 12 12 [email protected]/t Au from 0 m 14.76
YNDC220 12 22 1.47 10 10 [email protected]/t Au from 12 m 14.7
YNDC54 57 63 2.42 6 6 [email protected]/t Au from 57 m 14.52
EHRCD003 324 332 1.8 8 8 [email protected]/t Au from 324 m 14.4
YNDC330 33 43 1.44 10 10 [email protected]/t Au from 33 m 14.4
YAN031 307 317 1.44 1.43 5.78 10 10 [email protected]/t Au from 307 m 14.4
YNDD297 98 105.15 2.01 7.15 7.2 [email protected]/t Au from 98 m 14.37
YAN023 262 273 1.3 2.43 3.79 11 11 [email protected]/t Au from 262 m 14.3
YNDC55 0 8 1.78 8 8 [email protected]/t Au from 0 m 14.24
YNDC95 38 47 1.58 9 9 [email protected]/t Au from 38 m 14.22
YNDC240 1 11 1.42 10 10 [email protected]/t Au from 1 m 14.2
YAN005 285 290 2.84 2.87 2.61 5 5 [email protected]/t Au from 285 m 14.2
YNDC131 31 42 1.28 11 11 [email protected]/t Au from 31 m 14.08
YNDC135 67 75 1.75 8 8 [email protected]/t Au from 67 m 14
YAN001 336.6 337.2 23.3 19.8 1.8 0.6 0.6 [email protected]/t Au from 336.6 m 13.98
YNDD154 9 20 1.27 11 11 [email protected]/t Au from 9 m 13.97
YNDC375 36 49 1.07 13 13 [email protected]/t Au from 36 m 13.91
YNDC313 5 15 1.39 10 10 [email protected]/t Au from 5 m 13.9
YNDD175 57 66 1.54 9 9 [email protected]/t Au from 57 m 13.86
YNDD261 11 21 1.38 10 10 [email protected]/t Au from 11 m 13.8
YNDC433 1 13 1.15 12 12 [email protected]/t Au from 1 m 13.8
YNDC257 19 26 1.97 7 7 [email protected]/t Au from 19 m 13.79
EHRCD006 276.7 278 10.6 10.5 1.86 1.3 1.3 [email protected]/t Au from 276.7 m 13.78
YNDC316B 15 26 1.25 11 11 [email protected]/t Au from 15 m 13.75
YNDC199 83 88 2.74 5 5 [email protected]/t Au from 83 m 13.7
YNDC219 30 40 1.36 10 10 [email protected]/t Au from 30 m 13.6
YNDD309 7 16 1.5 9 9 [email protected]/t Au from 7 m 13.5
YAN023 327.55 337.7 1.33 2.06 3.15 10.15 10.2 [email protected]/t Au from 327.55 m 13.5

18

==> picture [62 x 30] intentionally omitted <==

Hole ID From Depth To Depth Au g/t Ag g/t S % Interval Length (m) Intersection Gram metre
intersection
YNDC94 10 18 1.67 8 8 [email protected]/t Au from 10 m 13.36
YNDC6 21 31 1.33 10 10 [email protected]/t Au from 21 m 13.3
YNDD370 95 105 1.33 10 10 [email protected]/t Au from 95 m 13.3
YAN015 371 379.3 1.6 1.65 0.19 8.3 8.3 [email protected]/t Au from 371 m 13.28
YAN036 350.2 353.2 4.42 2.66 2.64 3 3 [email protected]/t Au from 350.2 m 13.26
YNDC317 56 67 1.2 11 11 [email protected]/t Au from 56 m 13.2
YNDC69 40 51 1.2 11 11 [email protected]/t Au from 40 m 13.2
YNDC66 28 37 1.45 9 9 [email protected]/t Au from 28 m 13.05
YAN013 244.2 254 1.33 2.15 2.65 9.8 9.8 [email protected]/t Au from 244.2 m 13.03
YAN005 380.3 387 1.94 2.29 2.53 6.7 6.7 [email protected]/t Au from 380.3 m 13
YNDC136 80 89 1.43 9 9 [email protected]/t Au from 80 m 12.87
YAN028 319.7 327.9 1.57 2.65 4.43 8.2 8.2 [email protected]/t Au from 319.7 m 12.87
YAN011 363.7 366.6 4.42 3.19 2.94 2.9 2.9 [email protected]/t Au from 363.7 m 12.82
YAN011 297.3 304.7 1.73 1.98 3.54 7.4 7.4 [email protected]/t Au from 297.3 m 12.8
YNDC91 43 53 1.27 10 10 [email protected]/t Au from 43 m 12.7
YNDC54 0 5 2.53 5 5 [email protected]/t Au from 0 m 12.65
YNDC354 75 83 1.58 8 8 [email protected]/t Au from 75 m 12.64
YNDC62 23 31 1.57 8 8 [email protected]/t Au from 23 m 12.56
YNDC246 9 21 1.04 12 12 [email protected]/t Au from 9 m 12.48
YAN003 88 100 1.04 0.1 1.26 12 12 [email protected]/t Au from 88 m 12.48
YNDC33 5 15 1.24 10 10 [email protected]/t Au from 5 m 12.4
YAN036 235 240.4 2.28 13.89 1.75 5.4 5.4 [email protected]/t Au from 235 m 12.31
YNDC362 40 50 1.23 10 10 [email protected]/t Au from 40 m 12.3
YNDD304 117.25 120.3 4.01 1.52 3.05 3.1 [email protected]/t Au from 117.25 m 12.23
YNDC191 14 25 1.09 11 11 [email protected]/t Au from 14 m 11.99
YNDD175 45.5 54 1.41 8.5 8.5 [email protected]/t Au from 45.5 m 11.99
YNDD297 114.9 115.55 18.33 0.01 0.65 0.6 [email protected]/t Au from 114.9 m 11.91
YNDC174 49 59 1.19 10 10 [email protected]/t Au from 49 m 11.9
YNDC321B 83 92 1.32 9 9 [email protected]/t Au from 83 m 11.88
YNDD310 22 33 1.07 11 11 [email protected]/t Au from 22 m 11.77
YNDC63 37 43 1.96 6 6 [email protected]/t Au from 37 m 11.76
YAN001 379.1 384 2.4 4.98 4.1 4.9 4.9 [email protected]/t Au from 379.1 m 11.76
YNDC222 65 72 1.67 7 7 [email protected]/t Au from 65 m 11.69
YNDC197 76 84 1.46 8 8 [email protected]/t Au from 76 m 11.68
YNDC254 0 8 1.46 8 8 [email protected]/t Au from 0 m 11.68
EHRCD003 302 309 1.66 7 7 [email protected]/t Au from 302 m 11.62
YNDC104 8 18 1.16 10 10 [email protected]/t Au from 8 m 11.6
YNDC350 44 54 1.16 10 10 [email protected]/t Au from 44 m 11.6
YNDC129 80 82 5.77 2 2 [email protected]/t Au from 80 m 11.54
YNDC433 17 26 1.28 9 9 [email protected]/t Au from 17 m 11.52
YAN014 392 396 2.88 6.05 2.25 4 4 [email protected]/t Au from 392 m 11.52
EHRCD006 282.8 291 1.38 1.6 1.57 8.2 8.2 [email protected]/t Au from 282.8 m 11.32
YNDC73 10 18 1.41 8 8 [email protected]/t Au from 10 m 11.28
YNDC424 6 15 1.24 9 9 [email protected]/t Au from 6 m 11.16
YNDD303 123.9 125.4 7.3 0.07 1.5 1.5 [email protected]/t Au from 123.9 m 10.95
YNDC44 14 24 1.09 10 10 [email protected]/t Au from 14 m 10.9
YNDC181 16 22 1.8 6 6 [email protected]/t Au from 16 m 10.8
YNDC91 16 25 1.2 9 9 [email protected]/t Au from 16 m 10.8
EHRCD005 126 130 2.69 4 4 [email protected]/t Au from 126 m 10.76
YAN036 302.6 306 3.16 3.23 2.06 3.4 3.4 [email protected]/t Au from 302.6 m 10.74
YNDC359 36 45 1.19 9 9 [email protected]/t Au from 36 m 10.71
YNDC27 8 18 1.07 10 10 [email protected]/t Au from 8 m 10.7
YNDC314 22 32 1.07 10 10 [email protected]/t Au from 22 m 10.7
YNDC432 5 12 1.52 7 7 [email protected]/t Au from 5 m 10.64
YNDC5 13 22 1.18 9 9 [email protected]/t Au from 13 m 10.62
YNDC220 1 10 1.17 9 9 [email protected]/t Au from 1 m 10.53
YAN006A 376 385.9 1.06 1.72 0.59 9.9 9.9 [email protected]/t Au from 376 m 10.49
YNDD244 22 30 1.31 8 8 [email protected]/t Au from 22 m 10.48
YNDC79 15 24 1.16 9 9 [email protected]/t Au from 15 m 10.44
YNDC362 30 35 2.08 5 5 [email protected]/t Au from 30 m 10.4
YNDC131 17 25 1.29 8 8 [email protected]/t Au from 17 m 10.32
YAN023 289.4 298.1 1.18 1.76 2.34 8.7 8.7 [email protected]/t Au from 289.4 m 10.27
YAN005 246 255 1.13 2.12 1.53 9 9 [email protected]/t Au from 246 m 10.17
YNDC138 0 8 1.26 8 8 [email protected]/t Au from 0 m 10.08
YNDC163 3 9 1.67 6 6 [email protected]/t Au from 3 m 10.02
YNDC5 1 7 1.67 6 6 [email protected]/t Au from 1 m 10.02

19

==> picture [62 x 30] intentionally omitted <==

Hole ID
From Depth
To Depth
Au g/t
Ag g/t
S %
Interval Length (m)
Intersection
Gram metre
intersection
Hole ID
From Depth
To Depth
Au g/t
Ag g/t
S %
Interval Length (m)
Intersection
Gram metre
intersection
Hole ID
From Depth
To Depth
Au g/t
Ag g/t
S %
Interval Length (m)
Intersection
Gram metre
intersection
Hole ID
From Depth
To Depth
Au g/t
Ag g/t
S %
Interval Length (m)
Intersection
Gram metre
intersection
Hole ID
From Depth
To Depth
Au g/t
Ag g/t
S %
Interval Length (m)
Intersection
Gram metre
intersection
Hole ID
From Depth
To Depth
Au g/t
Ag g/t
S %
Interval Length (m)
Intersection
Gram metre
intersection
Hole ID
From Depth
To Depth
Au g/t
Ag g/t
S %
Interval Length (m)
Intersection
Gram metre
intersection
Hole ID
From Depth
To Depth
Au g/t
Ag g/t
S %
Interval Length (m)
Intersection
Gram metre
intersection
Hole ID
From Depth
To Depth
Au g/t
Ag g/t
S %
Interval Length (m)
Intersection
Gram metre
intersection
YNDC321B 50 55 2 5 5 m@2g/t Au from 50 m 10

20

APPENDIX 2 – YANDAN DRILL HOLE DETAILS & COLLAR LOCATION PLAN.

==> picture [62 x 30] intentionally omitted <==

Yandan Project Drill Collars

Coordinates and Azimuth in MGA94 Zone 55

Companies: DGO - Drummond Gold, RSM – Ross Mining, SRL - Straits Resources Limited, WMC - Western Mining Corporation Only RC (Reverse Circulation) and DD (Diamond Drilling) related drilling methods presented. This table excludes some drill holes outside of the resource and prospect areas discussed in this release.

Hole ID Drilling
method
Length
(m)
East North RL
( m
AHD)
Dip
**(°) **
Azimuth
**(°) **
Prospect Company Date
Completed
EHRCD001 RCDD 383.8 497676.7 7644897 175.5 -60 360 East Hill DGO 30/07/2009
EHRC002 RC 177 497616.3 7644921.2 175.9 -57 360 East Hill DGO 10/07/2009
EHRCD003 RCDD 390.1 497654.3 7644956.1 179.2 -65 360 East Hill DGO 26/07/2009
EHRC004 RC 153 497596 7644924.4 176 -60 360 East Hill DGO 7/08/2009
EHRCD005 RCDD 259.6 497677.4 7644936.5 177.2 -60 360 East Hill DGO 14/08/2009
EHRCD006 RCDD 410.5 497596 7644918.2 175.9 -60 358 East Hill DGO 13/09/2009
EHRCD007 RCDD 381 497677.3 7644932.8 177.1 -60 358 East Hill DGO 1/09/2009
EHRCD008 RCD 464.6 497328 7645010 183 -59 139 Yandan DGO 27/08/2010
EHRCD009 RCD 391.1 497421 7645121 172 -58 140 Yandan DGO 29/04/2011
EHRCD010 RCD 395.6 497373 7645059 171 -58 140 Yandan DGO 2/09/2010
EHRCD011 RCDD 518.8 497251 7645088 179 -60 139 Yandan DGO 25/10/2010
EHRCD012 RCDD 409.6 497213 7644658 173 -68 139 South Pit DGO 12/06/2011
EHRCD013 RCDD 564 497418 7645579 168 -58 178 Yandan DGO 31/10/2010
YAN001 RC 438 497611.9 7644958.4 180.4 -60 360 YPIT SRL 10/09/2004
YAN002 RC 303 497656.2 7645026.3 187.7 -60 360 YPIT SRL 12/09/2004
YAN003 RC 126 497324.7 7644621.9 174.4 -60 360 YPIT SRL 7/10/2004
YAN004 RC 150 497341.6 7644363.7 168.6 -60 90 YPIT SRL 29/09/2004
YAN005 DD 426.1 497615.6 7644891.6 174.3 -57 360 YPIT SRL 26/06/2005
YAN006 DD 270.1 497420.9 7645173.6 171.7 -60 135 YPIT SRL 3/07/2005
YAN006A DD 432.2 497420.9 7645173.6 171.7 -60 135 YPIT SRL 13/01/2006
YAN007 DD 411 497060.8 7644849.8 168.3 -57 3 YPIT SRL 23/07/2005
YAN008 DD 413.8 496771 7644839 170 -58 315.5 YPIT SRL 1/08/2005
YAN009 DD 149.3 497318.1 7644586.4 170.6 -60 360 YPIT SRL 13/08/2005
YAN010 DD 338 497659.3 7645265.3 179.7 -60 180 YPIT SRL 22/08/2005
YAN010A DD 230.2 497659.3 7645265.3 179.7 -60 180 YPIT SRL 23/08/2005
YAN011 DD 449.8 497572.9 7644886.7 173 -60 360 YPIT SRL 8/09/2005
YAN012 RC 207.5 497655.3 7644891 174.4 -55 360 YPIT SRL 13/01/2006
YAN012A DD 156.5 497655.3 7644891 174.4 -55 360 YPIT SRL 20/01/2006
YAN013 DD 423.7 497572.1 7644847.1 171.3 -60 358 YPIT SRL 21/01/2006
YAN014 RC 453.5 497533.3 7644846.2 172.1 -60 359 YPIT SRL 9/02/2006
YAN015 DD 450 497493.5 7644844.5 172.6 -60 358 YPIT SRL 1/02/2006
YAN016 RC 452.4 497655.7 7644915.9 176.7 -59 1 YPIT SRL 8/02/2006
YAN017 RC 535.6 497532.9 7644888 173.6 -60 360 YPIT SRL 16/02/2006
YAN018 RC 526.2 497453.1 7644888.5 171.7 -62 358 YPIT SRL 15/02/2006
YAN019 RC 142 497228.2 7644908.2 169.1 -60 180 YPIT SRL 12/02/2006
YAN020 RC 61 497756.7 7645051.2 184.1 -60 91 YPIT SRL 12/02/2006
YAN021 RC 130 497747.1 7645059.4 184.8 -60 90 YPIT SRL 14/02/2006
YAN022 RC 429.2 497655.6 7644876.4 173.9 -62 7 YPIT SRL 4/03/2006
YAN023 RC 410.1 497695.4 7644917 177 -63 2 YPIT SRL 12/03/2006
YAN024 RC 130 497838.9 7645062.8 182.1 -60 264 YPIT SRL 2/03/2006
YAN025 RC 468.3 497412.4 7644926.4 170.1 -63 355 YPIT SRL 23/03/2006
YAN026 RC 130 497226.8 7644824.1 172.3 -60 2 YPIT SRL 4/03/2006
YAN027 RC 540.6 497311.4 7644564.9 169.3 -60 6 YPIT SRL 25/03/2006
YAN028 RC 381.5 497694.3 7644877.1 174.3 -62 1 YPIT SRL 29/05/2006
YAN029 RC 372.5 497614.8 7644849.6 171.9 -64 1 YPIT SRL 5/06/2006
YAN030 RC 372.5 497653.5 7644836.6 171.8 -64 0.5 YPIT SRL 11/06/2006
YAN031 RC 357.3 497734.5 7644876.8 174 -63 360 YPIT SRL 18/06/2006
YAN032 RC 354.5 497628.3 7645048 191 -66 78 YPIT SRL 24/06/2006
YAN033 RC 282.8 497457.6 7644835.5 173 -60 139 YPIT SRL 30/06/2006
YAN034 RC 100 497605.8 7644689.6 169.5 -60 315 YPIT SRL 1/07/2006
YAN035 RC 702.3 496898.7 7645301.4 173.3 -62 167 YPIT SRL 26/07/2006
YAN036 RC 410.6 497696.2 7644961.3 179.9 -63 357 YPIT SRL 3/08/2006
YAN037 RC 363.5 497567.6 7645180.2 180.4 -57 142 YPIT SRL 15/08/2006
YAN038 RC 438.4 497390.4 7645111.9 174.3 -69 140 YPIT SRL 1/09/2006
YAN039 RC 270.4 496814.9 7645246.4 171.7 -55 189.5 YPIT SRL 8/09/2006
YAN040 RC 259.5 497657.5 7645472.1 178.6 -62 180 YPIT SRL 24/09/2006

21

==> picture [62 x 30] intentionally omitted <==

YAN041 RC 275.9 497321.3 7644521.7 168 -62 359.5 YPIT SRL 6/10/2006
YAN042 RC 466.5 497617.4 7645432.3 177.2 -63 176.5 YPIT SRL 24/10/2006
YAN043 RC 369.7 497737.5 7644967.2 179 -63 357.5 YPIT SRL 17/11/2006
YAN044 RC 435.5 497777.3 7644967.5 178.1 -64 356 YPIT SRL 26/11/2006
YNDC1 RC 59 496819.2 7645068.3 189.4 -60 151 Yandan RSM
YNDC2 RC 59 496860.3 7645055.9 193.4 -60 151 Yandan RSM
YNDC3 RC 59 496897.1 7645045.5 193.3 -60 151 Yandan RSM
YNDC4 RC 59 496938.2 7645036.1 192.7 -60 151 Yandan RSM
YNDC5 RC 59 496976.5 7645023.3 190 -60 151 Yandan RSM
YNDC6 RC 59 497014.7 7645013.3 188.3 -60 151 Yandan RSM
YNDC7 RC 77 497050.2 7645003.9 188.5 -60 151 Yandan RSM
YNDC8 RC 59 497087 7644992 188 -60 151 Yandan RSM
YNDC9 RC 59 496905.6 7645153.2 188.5 -60 151 Yandan RSM
YNDC10 RC 72 496756.9 7645097.4 175.7 -60 151 Yandan RSM
YNDC11 RC 77 497621.2 7645098.3 195 -60 151 Yandan RSM
YNDC12 RC 59 497650.9 7645090.2 193.7 -60 116 Yandan RSM
YNDC13 RC 59 497591.4 7645106.7 194.6 -60 116 Yandan RSM
YNDC14 RC 63 497536.1 7645123.1 182 -60 116 Yandan RSM
YNDC15 RC 47 497326.5 7644720.8 192.8 -90 360 Yandan RSM
YNDC16 RC 59 497000.6 7645124.7 194.3 -60 151 Yandan RSM
YNDD17 DD 101.7 496861.7 7645019.1 193.2 -60 98 Yandan WMC
YNDD18 DD 239.5 497160.7 7645120 186.7 -60 191 Yandan WMC
YNDD19 DD 95.9 497009.1 7644972.1 182.7 -70 180 Yandan WMC
YNDD20 DD 220 497062.9 7645029.9 192.4 -70 180 Yandan WMC
YNDC21 RC 50 497911.6 7645508.2 187 -90 180 Yandan
YNDC22 RC 50 498100 7645697.2 179 -90 180 Yandan
YNDC23 RC 55 496803.6 7645292.3 170.7 -90 360 Yandan RSM
YNDC24 RC 93 497928.5 7645878.2 176 -90 180 Yandan
YNDC25 RC 65 497537.6 7645124.4 182.1 -90 180 Yandan RSM
YNDC26 RC 21 497990.9 7645619.2 181 -90 180 Yandan
YNDC27 RC 93 496761.1 7645018.8 191.5 -70 180 Yandan RSM
YNDC28 RC 108 496860.3 7645069.8 191.9 -70 180 Yandan RSM
YNDC29 RC 108 496911.3 7645068.2 193.6 -70 180 Yandan RSM
YNDC30 RC 108 496860.3 7644967.4 184.6 -70 180 Yandan RSM
YNDC31 RC 96 496911.3 7644968.6 183.1 -70 180 Yandan RSM
YNDC32 RC 76 496860.3 7645021.1 193.5 -70 180 Yandan RSM
YNDC33 RC 99 496960.9 7644968.6 182.3 -70 180 Yandan RSM
YNDC34 RC 93 496960.9 7645018.9 190.5 -70 180 Yandan RSM
YNDC35 RC 73 496960.9 7645068.7 194.4 -70 180 Yandan RSM
YNDC36 RC 78 496960.9 7645119.2 192.6 -60 180 Yandan RSM
YNDC37 RC 108 496960.9 7645169.9 188.9 -70 180 Yandan RSM
YNDC38 RC 82 497060.1 7644969.8 185 -70 180 Yandan RSM
YNDC39 RC 102 497060.1 7645019.7 191.1 -70 180 Yandan RSM
YNDC40 RC 108 497060.1 7645069 195.2 -70 180 Yandan RSM
YNDC41 RC 108 497160.7 7644868.2 168.6 -70 180 Yandan RSM
YNDC42 RC 108 497159.3 7644918.2 174.7 -70 180 Yandan RSM
YNDC43 RC 66 497160.7 7644969.2 182 -70 180 Yandan RSM
YNDC44 RC 108 497160.7 7645016 187.8 -70 180 Yandan RSM
YNDC45 RC 108 497160.7 7645069 189.2 -70 180 Yandan RSM
YNDC46 RC 108 497259.9 7644918.7 168.5 -70 180 Yandan RSM
YNDC47 RC 108 497261.3 7644970.7 172.4 -70 180 Yandan RSM
YNDC48 RC 108 497261.3 7645018.7 176.8 -70 180 Yandan RSM
YNDC49 RC 108 497261.3 7645069.2 177.8 -70 180 Yandan RSM
YNDC50 RC 108 497261.3 7645118.5 175.8 -70 180 Yandan RSM
YNDC51 RC 108 497310.9 7645119.7 173.7 -70 180 Yandan RSM
YNDC52 RC 108 497360.4 7645119.1 171.1 -70 180 Yandan RSM
YNDC53 RC 108 496911.3 7645023.4 191.3 -70 180 Yandan RSM
YNDC54 RC 94 497010.5 7644969.4 181.6 -70 180 Yandan RSM
YNDC55 RC 108 497010.5 7645023.2 189.7 -70 180 Yandan RSM
YNDC56 RC 108 497010.5 7645069.6 194.7 -70 180 Yandan RSM
YNDC57 RC 108 497210.3 7644919.2 171 -70 180 Yandan RSM
YNDC58 RC 76 497211.7 7644972.2 177.7 -70 180 Yandan RSM
YNDC59 RC 108 497210.3 7645019.9 182.3 -70 180 Yandan RSM
YNDC60 RC 108 497211.7 7645069.6 184 -70 180 Yandan RSM
YNDC61 RC 108 497210.3 7645121.9 181.8 -70 180 Yandan RSM
YNDC62 RC 91 497109.7 7644968.7 184.1 -70 180 Yandan RSM
YNDC63 RC 108 497109.7 7645022.3 191.9 -70 180 Yandan RSM
YNDC64 RC 108 497109.7 7645069.5 193.1 -70 180 Yandan RSM

22

==> picture [62 x 30] intentionally omitted <==

YNDC65 RC 108 497111.1 7645119.2 193 -70 180 Yandan RSM
YNDC66 RC 54 496663.4 7645019.7 169.1 -70 180 Yandan RSM
YNDC67 RC 108 496860.3 7645117.7 188.4 -70 180 Yandan RSM
YNDC68 RC 62 496761.1 7644969.4 189.8 -70 180 Yandan RSM
YNDC69 RC 65 496810.7 7644969.3 187.1 -70 180 Yandan RSM
YNDC70 RC 54 496909.9 7644924.4 176.9 -70 180 Yandan RSM
YNDC71 RC 44 496860.3 7644922.8 177.1 -70 180 Yandan RSM
YNDC72 RC 108 496807.9 7644925.7 178.9 -70 180 Yandan RSM
YNDC73 RC 77 496810.7 7645019.6 192.7 -70 180 Yandan RSM
YNDC74 RC 108 496809.3 7645068.1 188.7 -90 180 Yandan RSM
YNDC75 RC 108 496909.9 7645119.2 192 -70 180 Yandan RSM
YNDC76 RC 107 496761.1 7644918.7 179.2 -70 180 Yandan RSM
YNDC77 RC 108 496710.1 7644918.1 173.5 -70 180 Yandan RSM
YNDC78 RC 88 496708.7 7644965.6 183 -70 180 Yandan RSM
YNDC79 RC 104 496712.9 7645019 187.8 -90 360 Yandan RSM
YNDC80 RC 77 497360.4 7645269 173 -70 180 Yandan RSM
YNDC81 RC 77 497360.4 7645168.9 171.9 -70 180 Yandan RSM
YNDC82 RC 65 497319.4 7644719 192.7 -70 180 Yandan RSM
YNDC83 RC 101 496759.7 7645065.7 184 -70 180 Yandan RSM
YNDC84 RC 108 496710.1 7645073 170.3 -70 180 Yandan RSM
YNDC85 RC 108 496960.9 7644872.4 168.5 -70 180 Yandan RSM
YNDC86 RC 108 497310.9 7644822.2 178.1 -70 180 Yandan RSM
YNDC87 RC 108 497609.8 7645067.8 191.7 -70 180 Yandan RSM
YNDC88 RC 101 497659.4 7645067.8 191.1 -70 180 Yandan RSM
YNDC89 RC 108 497609.8 7644969.1 180.5 -70 180 Yandan RSM
YNDC90 RC 106 496909.9 7645094.7 192.6 -70 180 Yandan RSM
YNDC91 RC 108 496911.3 7645045.1 193.3 -70 180 Yandan RSM
YNDC92 RC 108 496860.3 7645094.7 190.2 -70 180 Yandan RSM
YNDC93 RC 108 496960.9 7645043.5 192.8 -70 180 Yandan RSM
YNDC94 RC 104 496960.9 7645094.7 193.8 -70 180 Yandan RSM
YNDC95 RC 99 496960.9 7645143.5 191.2 -70 180 Yandan RSM
YNDC96 RC 108 497060.1 7645094.8 195.9 -70 180 Yandan RSM
YNDC97 RC 108 497061.5 7645045.7 194 -70 180 Yandan RSM
YNDC98 RC 108 497060.1 7644994.2 188 -70 180 Yandan RSM
YNDC99 RC 88 497061.5 7644944.5 181.9 -70 180 Yandan RSM
YNDC100 RC 101 497660.8 7644969.2 179.2 -70 180 Yandan RSM
YNDC101 RC 108 497560.2 7645068.3 187.8 -70 180 Yandan RSM
YNDC102 RC 100 497410.1 7645019 169.8 -90 180 Yandan RSM
YNDC103 RC 100 497261.2 7645269 176.1 -90 180 Yandan RSM
YNDC104 RC 81 496887.2 7644945.6 179.9 -90 180 Yandan RSM
YNDC105 RC 100 496911.3 7645219 181.2 -90 180 Yandan RSM
YNDC106 RC 100 497609.8 7645021.2 186.1 -90 180 Yandan RSM
YNDC107 RC 100 497235.8 7645044.2 181 -90 180 Yandan RSM
YNDC108 RC 100 496912.6 7645469.2 170.5 -90 180 Yandan
YNDC109 RC 61 497259.9 7644767.5 181.7 -90 180 Yandan RSM
YNDC110 RC 80 497064.3 7645121.8 195.5 -70 180 Yandan RSM
YNDC111 RC 69 497360.5 7645068.9 171.1 -70 180 Yandan RSM
YNDC112 RC 72 497359.1 7644968.8 169 -70 180 Yandan RSM
YNDC113 RC 72 497459.7 7644969 172.3 -70 180 Yandan RSM
YNDC114 RC 72 497459.6 7645069 174.5 -70 180 Yandan RSM
YNDC115 RC 72 497461 7645169.1 174.6 -70 180 Yandan RSM
YNDC116 RC 72 497360.5 7644869 173.3 -70 180 Yandan RSM
YNDC117 RC 72 497060.1 7644872.6 171.1 -70 180 Yandan RSM
YNDC118 RC 72 497259.9 7644868.9 171.1 -70 180 Yandan RSM
YNDC119 RC 24 496858.9 7644871.6 169.2 -70 180 Yandan RSM
YNDC120 RC 72 496960.9 7645268.4 178.4 -70 180 Yandan RSM
YNDC121 RC 72 496860.3 7645168.6 184.1 -70 180 Yandan RSM
YNDC122 RC 72 497060.1 7645166.3 191.7 -70 180 Yandan RSM
YNDC123 RC 53 497160.7 7645169.1 185.4 -70 180 Yandan RSM
YNDC124 RC 72 497160.6 7645269.2 181 -70 180 Yandan RSM
YNDC125 RC 72 497261.3 7645169.8 178.2 -70 180 Yandan RSM
YNDC126 RC 72 497461 7645268.2 172.8 -70 180 Yandan RSM
YNDC127 RC 72 497560.2 7645269.5 178.1 -70 180 Yandan RSM
YNDC128 RC 87 497560.2 7645168 181.3 -70 180 Yandan RSM
YNDC129 RC 87 497660.8 7645181 185.3 -70 180 Yandan RSM
YNDC130 RC 75 496959.5 7644946 179.6 -70 180 Yandan RSM
YNDC131 RC 108 496960.9 7644994.2 186 -70 180 Yandan RSM
YNDC132 RC 108 496860.3 7644946.1 180.8 -70 180 Yandan RSM

23

==> picture [62 x 30] intentionally omitted <==

YNDC133 RC 46 496860.3 7644993.6 189.4 -70 180 Yandan RSM
YNDC134 RC 35 496860.3 7645043.8 193.3 -70 180 Yandan RSM
YNDC135 RC 87 496761.1 7644947.1 186.7 -70 180 Yandan RSM
YNDC136 RC 91 496761.1 7644992.2 192.2 -90 180 Yandan RSM
YNDC137 RC 80 496759.7 7645040.6 187.5 -70 180 Yandan RSM
YNDC138 RC 87 496960.9 7644920.3 176.2 -70 180 Yandan RSM
YNDC139 RC 32 497010.5 7644919 177.1 -70 180 Yandan RSM
YNDC140 RC 38 497061.5 7644920.5 178.4 -70 180 Yandan RSM
YNDC141 RC 87 497111.1 7644919.4 177.6 -70 180 Yandan RSM
YNDC142 RC 72 497659.4 7645266.5 179.9 -70 180 Yandan RSM
YNDC143 RC 80 497560.3 7644969.1 178.5 -70 180 Yandan RSM
YNDC144 RC 80 497010.5 7645118.9 194.7 -70 180 Yandan RSM
YNDC145 RC 80 497010.5 7645167.8 191.3 -70 180 Yandan RSM
YNDC146 RC 100 496885.8 7645143.2 188.4 -90 360 Yandan RSM
YNDC147 RC 100 497235.8 7644994.2 178 -90 360 Yandan RSM
YNDD148 DD 80 497109.7 7645044 193.5 -70 180 Yandan WMC
YNDD149 DD 150 497064.3 7644954 182.5 -70 180 Yandan WMC
YNDD150 DD 90 497062.9 7645016.7 190.8 -70 180 Yandan WMC
YNDD151 DD 88.9 496963.7 7645014.7 190.2 -70 180 Yandan WMC
YNDD152 DD 97 496911.3 7645073.6 193.3 -70 182 Yandan WMC
YNDD153 DD 119.7 496863.1 7645056.3 193 -69 183 Yandan WMC
YNDD154 DD 140.2 496810.7 7645030.4 192.2 -70 180 Yandan WMC
YNDD155 DD 150.2 496703 7644972.3 183 -70 180 Yandan WMC
YNDC156 RC 96 497060.1 7644669.5 167.8 -90 360 Yandan RSM
YNDC157 RC 100 496909.9 7644818.9 167.4 -90 360 Yandan RSM
YNDC158 RC 100 497210.3 7644919.2 170.5 -90 360 Yandan RSM
YNDC159 RC 84 496761.1 7645018.5 192.4 -60 360 Yandan RSM
YNDC160 RC 102 496761.1 7644992.9 192.1 -70 180 Yandan RSM
YNDC161 RC 69 496807.9 7644993.4 190.9 -70 360 Yandan RSM
YNDC162 RC 66 496810.7 7645046.8 190.8 -70 180 Yandan RSM
YNDC163 RC 40 497262.7 7645063.7 178.1 -70 180 Yandan RSM
YNDC164 RC 60 497211.7 7645044.3 184 -70 180 Yandan RSM
YNDC165 RC 60 497162.1 7645044.1 189.6 -70 180 Yandan RSM
YNDC166 RC 29 497160.7 7644992 184.1 -70 180 Yandan RSM
YNDC167 RC 50 497160.7 7644989.2 184.2 -70 180 Yandan RSM
YNDC168 RC 97 496711.6 7644918.5 173.8 -90 360 Yandan RSM
YNDC169 RC 79 496705.9 7645071.4 169.9 -90 360 Yandan RSM
YNDC170 RC 102 496759.7 7645223.3 169 -90 360 Yandan RSM
YNDC171 RC 60 496761.1 7644905.2 177.4 -70 188 Yandan RSM
YNDC172 RC 81 496761.1 7644876.7 167.2 -60 360 Yandan RSM
YNDC173 RC 69 496712.9 7645026.4 185.3 -70 180 Yandan RSM
YNDC174 RC 82 496711.5 7644942.3 180.4 -70 180 Yandan RSM
YNDD175 DD 119.6 496718.6 7644991.2 190.2 -70 180 Yandan WMC
YNDC176 RC 60 497109.7 7645051.3 193.6 -60 360 Yandan RSM
YNDD177 DD 100 496809.3 7645051.2 190.4 -70 180 Yandan WMC
YNDC178 RC 60 497112.5 7645028 192.2 -60 360 Yandan RSM
YNDC179 RC 60 497109.7 7645007.5 189.7 -60 360 Yandan RSM
YNDC180 RC 60 497111.1 7644943.3 180.6 -60 360 Yandan RSM
YNDC181 RC 60 497064.3 7645116 195.8 -60 180 Yandan RSM
YNDC182 RC 60 497062.9 7645005.5 188.8 -60 360 Yandan RSM
YNDC183 RC 60 497010.5 7644944.8 178.8 -70 180 Yandan RSM
YNDD184 DD 58.6 496864.6 7645021.4 193.3 -70 360 Yandan WMC
YNDC185 RC 60 497009.1 7644997.3 186.2 -70 180 Yandan RSM
YNDC186 RC 70 497010.5 7645042.7 191.9 -70 180 Yandan RSM
YNDC187 RC 60 497010.5 7645095 195.3 -70 180 Yandan RSM
YNDD188 DD 74 496864.6 7644993 189.3 -70 360 Yandan WMC
YNDC189 RC 70 496963.7 7645024.3 190.8 -60 360 Yandan RSM
YNDC190 RC 60 496963.7 7644973 183.5 -70 360 Yandan RSM
YNDC191 RC 82 496912.7 7644991.4 186.8 -70 180 Yandan RSM
YNDC192 RC 60 496914.1 7645045.6 193.7 -70 360 Yandan RSM
YNDC193 RC 50 496911.3 7645078.6 193.2 -70 360 Yandan RSM
YNDC194 RC 40 496912.7 7645108.6 192 -70 360 Yandan RSM
YNDC195 RC 90 497660.8 7645143.8 192.9 -70 180 Yandan RSM
YNDC196 RC 90 497615.5 7645145.1 188.6 -70 180 Yandan RSM
YNDC197 RC 90 497615.5 7645169.4 185.5 -70 180 Yandan RSM
YNDD198 DD 89.9 497561.6 7645118.8 187.5 -70 185 Yandan WMC
YNDC199 RC 90 497563.1 7645150.4 182.4 -70 180 Yandan RSM
YNDC200 RC 54 496610.9 7644972 166.3 -60 180 Yandan RSM

24

==> picture [62 x 30] intentionally omitted <==

YNDD201 DD 199.7 496610.9 7644978.3 166.3 -60 180 Yandan WMC
YNDC202 RC 35 496611 7644917.9 166.9 -60 180 Yandan RSM
YNDD203 DD 200 496611 7644869 167.2 -60 186 Yandan WMC
YNDC204 RC 90 496660.6 7644870.1 166.3 -60 360 Yandan RSM
YNDC205 RC 120 496510.4 7644719.2 170.1 -60 180 Yandan RSM
YNDC206 RC 84 496660.6 7644769.8 167.9 -60 360 Yandan RSM
YNDC207 RC 100 496660.5 7644919.7 166.9 -60 360 Yandan RSM
YNDC208 RC 90 496810.7 7644989 190.5 -70 180 Yandan RSM
YNDC209 RC 70 496710.1 7644868.6 166.5 -70 180 Yandan RSM
YNDC210 RC 96 496660.5 7644969.3 168.1 -70 180 Yandan RSM
YNDC211 RC 97 496661.9 7644996.8 168.9 -70 180 Yandan RSM
YNDC212 RC 94 496663.4 7644947.8 167.2 -70 180 Yandan RSM
YNDD213 DD 200 496611 7644769.6 168.3 -60 180 Yandan WMC
YNDC214 RC 88 496659.1 7645022.3 167.1 -70 180 Yandan RSM
YNDC215 RC 57 496660.5 7645047.3 166.3 -70 180 Yandan RSM
YNDC216 RC 50 497109.7 7645097.5 192.9 -70 180 Yandan RSM
YNDC217 RC 50 497111.1 7645146.8 191.1 -70 180 Yandan RSM
YNDC218 RC 50 497060.1 7645190 189.1 -70 180 Yandan RSM
YNDC219 RC 50 497013.3 7645143.2 193.4 -70 180 Yandan RSM
YNDC220 RC 60 496911.3 7645134.8 189.4 -70 180 Yandan RSM
YNDC221 RC 40 496861.7 7644895.1 173.7 -70 180 Yandan RSM
YNDC222 RC 80 496807.9 7644943.3 183.8 -70 180 Yandan RSM
YNDC223 RC 80 496715.8 7645020.7 187.5 -70 180 Yandan RSM
YNDC224 RC 50 497061.5 7645143.8 194.4 -70 180 Yandan RSM
YNDC225 RC 90 497710.4 7645143.9 189.1 -70 180 Yandan RSM
YNDD226 DD 77.3 497616.9 7645146.9 188.5 -70 180 Yandan WMC
YNDC227 RC 90 497710.4 7645184.1 186.3 -70 180 Yandan RSM
YNDC228 RC 80 497509.2 7645143.1 177.9 -70 180 Yandan RSM
YNDC229 RC 86 497510.6 7645170.4 177.3 -70 180 Yandan RSM
YNDC230 RC 84 497510.6 7645115.8 179.1 -70 180 Yandan RSM
YNDC236 RC 8 497490.7 7645959.2 170 -90 360 Yandan RSM
YNDC237 RC 8 497150.6 7646219.2 167 -90 360 Yandan RSM
YNDC238 RC 88 497109.7 7644943.2 180.5 -70 180 Yandan RSM
YNDC239 RC 80 497010.5 7644893 174.6 -70 180 Yandan RSM
YNDC240 RC 50 497160.7 7644941.3 178 -70 180 Yandan RSM
YNDD241 DD 100 496759.7 7644976.5 191 -70 180 Yandan WMC
YNDC242 RC 50 496909.9 7644906.3 174.4 -70 180 Yandan RSM
YNDC243 RC 70 496810.7 7644868.9 167.8 -70 180 Yandan RSM
YNDD244 DD 105.2 496864.6 7645004.9 192.2 -70 180 Yandan WMC
YNDD245 DD 100 496810.7 7644956.6 185.3 -70 180 Yandan WMC
YNDC246 RC 80 496711.6 7644892.5 168.7 -70 180 Yandan RSM
YNDC247 RC 50 496761.2 7644865.2 167 -70 180 Yandan RSM
YNDC248 RC 50 497264.1 7645095.2 175.4 -70 180 Yandan RSM
YNDC249 RC 50 497210.3 7644992.3 180.7 -70 180 Yandan RSM
YNDC250 RC 50 497208.8 7645096.2 182.8 -70 180 Yandan RSM
YNDC251 RC 72 496686 7644919.7 167 -60 360 Yandan RSM
YNDC252 RC 50 497160.7 7645095.2 187.1 -70 180 Yandan RSM
YNDC253 RC 50 497160.7 7645145.7 186.4 -70 180 Yandan RSM
YNDC254 RC 60 497109.7 7644995.7 188.8 -70 180 Yandan RSM
YNDD255 DD 120 496715.8 7644996.9 190.5 -50 270 Yandan WMC
YNDC256 RC 80 497109.6 7645174.5 188.7 -70 180 Yandan RSM
YNDC257 RC 56 496861.7 7645147.2 186.3 -70 180 Yandan RSM
YNDC257A RC 19 496860.3 7645148.7 185.5 -70 180 Yandan RSM
YNDC258 RC 70 496812.1 7645122.9 184.2 -70 180 Yandan RSM
YNDC259 RC 60 496809.3 7645084 184 -90 360 Yandan RSM
YNDC260 RC 80 497710.4 7644920 176.2 -60 270 Yandan RSM
YNDD261 DD 95.8 496911.3 7644984.4 185.6 -70 180 Yandan WMC
YNDC262 RC 60 496715.8 7645029.9 182.7 -80 360 Yandan RSM
YNDC263 RC 80 497660.9 7644919.2 180 -60 270 Yandan RSM
YNDC264 RC 80 497609.8 7644919.9 176 -60 270 Yandan RSM
YNDC276 RC 50 497009 7645194.1 188.3 -70 180 Yandan RSM
YNDC277 RC 60 496911.3 7645167.8 186.9 -70 180 Yandan RSM
YNDC278 RC 50 496810.7 7644879 167.7 -80 360 Yandan RSM
YNDC279 RC 50 496960.9 7644898.5 173.5 -70 180 Yandan RSM
YNDC292 RC 60 497614.1 7644876.3 172.9 -60 180 Yandan RSM
YNDD293 DD 150.3 497061.5 7644925.5 178.7 -60 27 Yandan WMC
YNDD294 DD 220 497061.5 7644887.5 173.1 -60 24 Yandan WMC
YNDD295 DD 327 497011.9 7644916.2 176.5 -60 360 Yandan WMC

25

==> picture [62 x 30] intentionally omitted <==

YNDD296 DD 89.4 497560.2 7645089.2 193 -60 360 Yandan WMC
YNDD297 DD 250 497609.8 7645049.2 188 -60 360 Yandan WMC
YNDD298 DD 180.2 497109.7 7644918.9 177.8 -58 13 Yandan WMC
YNDD299 DD 200.1 497109.7 7644894.5 174.4 -64 360 Yandan WMC
YNDD300 DD 222.1 497109.7 7644869.4 171 -60 360 Yandan WMC
YNDD301 DD 200 497609.8 7645069.2 192 -60 360 Yandan WMC
YNDD302 DD 300.2 497609.8 7645019.2 186 -60 360 Yandan WMC
YNDD303 DD 300 497560.2 7645044.2 185 -60 360 Yandan WMC
YNDD304 DD 200 497660.8 7645094.2 190 -60 360 Yandan WMC
YNDD305 DD 199.6 497461.1 7645069.2 170 -60 360 Yandan WMC
YNDD306 DD 309.6 497461.1 7645019.2 170 -60 360 Yandan WMC
YNDD307 DD 300 496960.9 7644869.2 168 -60 360 Yandan WMC
YNDD308 DD 320 496960.9 7644919.2 177 -60 360 Yandan WMC
YNDD309 DD 298 496960.9 7644969.2 183 -60 360 Yandan WMC
YNDD310 DD 150 496960.9 7645069.2 194.4 -60 360 Yandan WMC
YNDC311 RC 80 496660.5 7644919.5 166.7 -70 180 Yandan RSM
YNDC312 RC 66 496684.6 7644895.6 166.5 -70 180 Yandan RSM
YNDC313 RC 75 496684.6 7644918.3 167 -70 180 Yandan RSM
YNDC314 RC 96 496683.2 7644939.2 171.2 -70 180 Yandan RSM
YNDC315 RC 68 496683.2 7644969.8 176.3 -70 180 Yandan RSM
YNDC316A RC 26 496680.4 7644993.7 177.5 -70 180 Yandan RSM
YNDC316B RC 96 496680.4 7644996.4 177.7 -70 180 Yandan RSM
YNDC317 RC 100 496683.2 7645018.6 177.7 -70 180 Yandan RSM
YNDC318 RC 80 496687.4 7645046 173.9 -70 180 Yandan RSM
YNDC319A RC 42 496684.6 7645069.3 168.1 -70 180 Yandan RSM
YNDC319B RC 75 496684.6 7645071.4 168.1 -70 180 Yandan RSM
YNDC320 RC 99 496660.5 7645120.3 162.7 -70 180 Yandan RSM
YNDC321A RC 44 496710.1 7645119.6 168.9 -70 180 Yandan RSM
YNDC321B RC 110 496710.1 7645123.3 168.7 -70 180 Yandan RSM
YNDC322 RC 108 496735.6 7645095.1 172.8 -70 180 Yandan RSM
YNDC323 RC 90 496759.7 7645116.6 172.7 -70 180 Yandan RSM
YNDC326 RC 90 496810.7 7645144.2 182.8 -70 180 Yandan RSM
YNDC327 RC 100 496810.7 7645168.5 180.2 -70 180 Yandan RSM
YNDC328 RC 60 496834.8 7645098.1 186.2 -70 180 Yandan RSM
YNDC329 RC 100 496834.8 7645119.1 184.1 -70 180 Yandan RSM
YNDC330 RC 100 496836.2 7645146.3 184.8 -70 180 Yandan RSM
YNDC331 RC 100 496833.4 7645172.9 181.7 -70 180 Yandan RSM
YNDC332 RC 90 496860.3 7645150.7 185.6 -70 180 Yandan RSM
YNDC333 RC 90 496860.3 7645195.4 179.4 -70 180 Yandan RSM
YNDC334 RC 80 496911.3 7645195.3 184.2 -70 180 Yandan RSM
YNDC335 RC 115 496959.5 7645173 188.4 -70 180 Yandan RSM
YNDC336 RC 80 496960.9 7645195.2 186.4 -70 180 Yandan RSM
YNDC337 RC 80 496959.4 7645219.9 183.3 -70 180 Yandan RSM
YNDC338 RC 80 497010.5 7645195 188.3 -70 180 Yandan RSM
YNDC339 RC 80 497010.5 7645220.6 185.2 -70 180 Yandan RSM
YNDC340 RC 90 496735.6 7644900.6 174 -70 180 Yandan RSM
YNDC341 RC 68 496735.6 7644918.9 178.1 -70 180 Yandan RSM
YNDC342 RC 90 496737 7644946.6 185.6 -70 180 Yandan RSM
YNDC343 RC 90 496785.2 7644900.3 175.5 -70 180 Yandan RSM
YNDC344 RC 90 496785.2 7644920 179.7 -70 180 Yandan RSM
YNDC346 RC 90 496834.8 7644918.9 177.1 -70 180 Yandan RSM
YNDC347 RC 60 496834.8 7644946.4 181.9 -70 180 Yandan RSM
YNDC348 RC 90 496783.8 7644946.9 185.8 -70 180 Yandan RSM
YNDC349 RC 115 496710.1 7645145.5 169 -70 180 Yandan RSM
YNDC350 RC 100 496885.8 7645142.1 188.8 -70 180 Yandan RSM
YNDC351 RC 100 496885.8 7645194.3 182.6 -70 180 Yandan RSM
YNDC352 RC 88 496841.8 7645199.6 175.9 -70 180 Yandan RSM
YNDC353 RC 99 496789.4 7645117.7 179 -70 180 Yandan RSM
YNDC354 RC 102 496786.6 7645143.5 180.7 -70 180 Yandan RSM
YNDC355 RC 57 496788 7645160.9 179.5 -70 180 Yandan RSM
YNDC356 RC 95 496789.4 7645198 172.9 -70 180 Yandan RSM
YNDC357 RC 100 497309.5 7644791.9 182.5 -60 180 Yandan RSM
YNDC358 RC 95 497310.9 7644743.5 190.8 -60 180 Yandan RSM
YNDC359 RC 93 497315.2 7644692.3 188.3 -70 180 Yandan RSM
YNDC360 RC 75 496686.1 7644869.2 165.3 -70 180 Yandan RSM
YNDC361 RC 48 496762.5 7645143.6 177.6 -70 180 Yandan RSM
YNDC362 RC 50 496761.1 7645166.3 176.2 -70 180 Yandan RSM
YNDC363 RC 63 496731.3 7645193.3 168.6 -70 180 Yandan RSM

26

==> picture [62 x 30] intentionally omitted <==

YNDC364 RC 96 496731.3 7645142.3 170.7 -70 180 Yandan RSM
YNDC365 RC 69 496686.1 7644820.1 167.3 -70 180 Yandan RSM
YNDC366 RC 100 496809.3 7645197.8 173.6 -70 180 Yandan RSM
YNDC367 RC 80 496837.6 7645243.8 174.7 -70 180 Yandan RSM
YNDC368 RC 100 496759.7 7645190.3 172.4 -70 180 Yandan RSM
YNDC369 RC 62 496722.8 7645170.9 168.6 -70 180 Yandan RSM
YNDD370 DD 147.1 497310.9 7644643.4 175.8 -70 360 Yandan WMC
YNDD372 DD 283 496761.2 7644839.9 165.2 -52 360 Yandan WMC
YNDC373 RC 57 497360.5 7644643.5 174.7 -70 360 Yandan RSM
YNDC374 RC 48 497361.9 7644668.7 179.3 -70 360 Yandan RSM
YNDC375 RC 62 497337.6 7644695.1 185.6 -70 360 Yandan RSM
YNDC376 RC 79 497364.8 7644720.4 186.1 -70 360 Yandan RSM
YNDC377 RC 88 497361.9 7644743.8 184.5 -70 360 Yandan RSM
YNDC378 RC 65 497361.9 7644768.5 182.3 -70 360 Yandan RSM
YNDC379 RC 96 497363.3 7644794.1 178.7 -70 360 Yandan RSM
YNDC380 RC 54 497310.9 7644617.7 171.4 -70 360 Yandan RSM
YNDC381 RC 51 497315.2 7644667.7 181.3 -70 360 Yandan RSM
YNDC382 RC 64 497312.3 7644718.9 191.8 -70 360 Yandan RSM
YNDC383 RC 43 497310.9 7644749.7 190.4 -68 360 Yandan RSM
YNDC384 RC 48 497259.9 7644619 170.1 -70 360 Yandan RSM
YNDC385 RC 42 497259.9 7644644 171.6 -70 360 Yandan RSM
YNDC386 RC 25 497259.9 7644671.1 174.5 -70 360 Yandan RSM
YNDC387 RC 42 497259.9 7644693.5 177.7 -70 360 Yandan RSM
YNDC388 RC 45 497261.3 7644717.5 181.5 -70 360 Yandan RSM
YNDC389 RC 50 497261.3 7644743.5 182.7 -70 360 Yandan RSM
YNDC390 RC 49 497261.3 7644796.2 179.2 -70 360 Yandan RSM
YNDC391 RC 51 497259.9 7644819.2 176.1 -70 360 Yandan RSM
YNDC392 RC 50 497410.1 7644642.1 171.7 -70 360 Yandan RSM
YNDC393 RC 47 497411.5 7644669.4 174.7 -70 360 Yandan RSM
YNDC394 RC 47 497411.5 7644686 175.7 -70 360 Yandan RSM
YNDC395 RC 50 497410.1 7644719.5 177.1 -70 360 Yandan RSM
YNDC396 RC 50 497411.5 7644744.4 176.6 -70 360 Yandan RSM
YNDC399 RC 50 497459.7 7644643.8 168.9 -70 360 Yandan RSM
YNDC400 RC 50 497459.7 7644668.7 170.7 -67 360 Yandan RSM
YNDC401 RC 50 497461.1 7644694.1 171.7 -70 360 Yandan RSM
YNDC404 RC 50 497461.1 7644769.4 172.4 -70 360 Yandan RSM
YNDC406 RC 50 497210.3 7644643.5 168.7 -70 360 Yandan RSM
YNDC408 RC 46 497210.3 7644694.4 170.8 -70 360 Yandan RSM
YNDC410 RC 47 497210.3 7644743.9 171.8 -70 360 Yandan RSM
YNDC411 RC 50 497210.3 7644770.2 172.8 -70 360 Yandan RSM
YNDC412 RC 50 497208.9 7644794.2 172.7 -70 360 Yandan RSM
YNDC413 RC 50 497208.9 7644819.4 171.9 -70 360 Yandan RSM
YNDC415 RC 54 497285.4 7644690.4 181.7 -70 360 Yandan RSM
YNDC416 RC 66 497310.9 7644663.4 180 -80 360 Yandan RSM
YNDC417 RC 78 497285.4 7644648.8 175.2 -70 360 Yandan RSM
YNDC418 RC 60 497335 7644628.8 174.4 -70 360 Yandan RSM
YNDC419 RC 47 497360.5 7644620.3 172.8 -70 360 Yandan RSM
YNDC420 RC 48 497386 7644618.9 171.9 -70 360 Yandan RSM
YNDC421 RC 45 497284 7644670 177.1 -70 360 Yandan RSM
YNDC422 RC 48 497333.6 7644649.6 178.3 -70 360 Yandan RSM
YNDC423 RC 48 497384.6 7644729.4 182.1 -70 360 Yandan RSM
YNDC424 RC 54 497384.6 7644708.7 181.8 -70 360 Yandan RSM
YNDC425 RC 48 497384.6 7644689.5 181.5 -70 360 Yandan RSM
YNDC426 RC 37 497384.6 7644664.5 177.9 -70 360 Yandan RSM
YNDC427 RC 36 497384.6 7644643.7 174.6 -70 360 Yandan RSM
YNDC428 RC 48 497335 7644716 192.5 -75 360 Yandan RSM
YNDC429 RC 51 497313.8 7644704.9 189.2 -70 180 Yandan RSM
YNDC430 RC 52 497359.1 7644706.9 187.3 -70 360 Yandan RSM
YNDC431 RC 48 497337.8 7644691.3 187.6 -70 360 Yandan RSM
YNDC432 RC 48 497361.9 7644679.6 182.4 -70 360 Yandan RSM
YNDC433 RC 48 497336.4 7644671.8 183 -70 360 Yandan RSM
YNDC434 RC 60 497658.1 7644531.8 173.4 -60 325 Yandan RSM
YNDC435 RC 54 497697.8 7644484.3 178.3 -60 325 Yandan RSM
YNDC436 RC 66 497728.9 7644446.7 182.9 -60 325 Yandan RSM
YNDC437 RC 78 497767.2 7644402.2 174.6 -60 325 Yandan RSM
YNDC438 RC 60 497806.9 7644356.5 169.9 -60 325 Yandan RSM
YNRC001 RC 100 497369 7645393 180 -50 140 Yandan NE DGO 15/08/2010
YNRC002 RC 100 497325 7645445 180 -50 141 Yandan NE DGO 16/08/2010

27

==> picture [62 x 30] intentionally omitted <==

YNRC003 RC 100 497407 7645344 183 -50 140 Yandan NE DGO 16/08/2010
YNRC004 RC 150 497182 7645226 180 -50 139 Yandan NE DGO 19/08/2010
YNRC005 RC 100 497108 7645331 176 -50 139 Yandan NE DGO 20/08/2010
YYC001 RC 28 498137 7645317 211 -90 360 Yan Heap 6/10/2004
YYC002 RC 28 498198 7645328 211 -90 360 Yan Heap 6/10/2004
YYC003 RC 28 498250 7645273 211 -90 360 Yan Heap 6/10/2004
YYC004 RC 28 498178 7645281 211 -90 360 Yan Heap 6/10/2004
YYC005 RC 28 498160 7645238 211.5 -90 360 Yan Heap 6/10/2004
YYC006 RC 28 498137 7645190 212 -90 360 Yan Heap 6/10/2004
YYC007 RC 28 498100 7645213 212.5 -90 360 Yan Heap 6/10/2004
YYC008 RC 28 498116 7645261 212 -90 360 Yan Heap 6/10/2004
YYC009 RC 28 498074 7645283 211.5 -90 360 Yan Heap 6/10/2004
YYC010 RC 28 498053 7645241 212 -90 360 Yan Heap 6/10/2004
YYC011 RC 28 498025 7645196 212 -90 360 Yan Heap 6/10/2004
YYC012 RC 24 497988 7645223 211.5 -90 360 Yan Heap 6/10/2004
YYC013 RC 24 498011 7645269 211 -90 360 Yan Heap 6/10/2004
YYC014 RC 16 497950 7645184 202 -90 360 Yan Heap 6/10/2004
YYC015 RC 16 497975 7645129 202 -90 360 Yan Heap 6/10/2004
YYC016 RC 16 497941 7645086 201 -90 360 Yan Heap 6/10/2004
YYC017 RC 18 497912 7645042 201 -90 360 Yan Heap 6/10/2004
YYC018 RC 20 498072 7645324 207 -90 360 Yan Heap 6/10/2004
YYC019 RC 20 498317 7645192 202.5 -90 360 Yan Heap 6/10/2004
YYC020 RC 20 498283 7645157 202 -90 360 Yan Heap 6/10/2004
YYC021 RC 20 498242 7645128 202 -90 360 Yan Heap 6/10/2004
YYC022 RC 20 498196 7645111 202 -90 360 Yan Heap 6/10/2004
YYC023 RC 20 498186 7645149 202 -90 360 Yan Heap 6/10/2004
YYC024 RC 20 498225 7645173 202 -90 360 Yan Heap 6/10/2004
YYC025 RC 20 498257 7645198 202 -90 360 Yan Heap 6/10/2004
YYC026 RC 20 498287 7645224 202 -90 360 Yan Heap 6/10/2004
MHCS001 NR 280 497512 7644713 170 0 139 YPIT RSM 14/02/1998
MHCS002 NR 405 497413 7644553 170 0 141 YPIT RSM 24/06/1998
YRC001 RC 208 496643.5 7645390.6 170 -60 90 NM 10/08/2001
YRC002 RC 160 496617.4 7645645.4 170 -55 90 NM 12/08/2001
YRC003 RC 160 496199 7645344.5 170 -60 90 NM 13/08/2001
YRC004 RC 209 496233.5 7645447.5 170 -60 90 NM 15/08/2001
YRC005 RC 184 496832.7 7646195.7 170 -60 90 NM 15/09/2001
YRC006 RC 220 495911.1 7646123.5 170 -60 90 NM 17/09/2001
YRC007 RC 151 495802.1 7646098.1 170 -62 90 NM 18/09/2001
YRC008 RC 208 495863.6 7645560 170 -55 90 NM 21/09/2001
YRC009 RC 40 496370 7645936 170 -55 90 NM 22/09/2001
YRC010 RC 172 496361 7645936 170 -60 90 NM 23/09/2001
YRC011 RC 184 495999.5 7645086 170 -60 180 NM 25/09/2001
YRC012 RC 160 496082 7644756.5 170 -60 90 NM 26/09/2001
YRC013 RC 115 496815 7646050 170 -60 270 NM 27/09/2001
YRC014 RC 106 496619.5 7646749 170 -55 90 NM 3/10/2001

28

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Figure 8: Yandan Drill Collar Location Plan

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29

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APPENDIX 3 – GBM MINERAL RESOURCE ESTIMATE FOR MOUNT COOLON GOLD PROJECT

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GBM confirms that it is not aware of any new data or information that materially affects the information disclosed in this presentation and previously released by GBM in relation to Mineral Resource estimates on its tenure. All material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

30

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APPENDIX 4: YANDAN JORC CODE 2012 EDITION - TABLE 1

a. Section 1 Sampling Techniques and DATA

(Criteria in this section apply to all succeeding sections)

Criteria Commentary
Sampling
techniques

Drilling was completed in several phases from approximately 1986 to 2010.The drilling was
completed predominantly by WMC, Normandy (NM), Ross Mining (RSM), Straits Resources (SRL)
and Drummond Gold (DGO).

Reverse Circulation (RC) drilling and diamond drilling (DD) are the main sampling methods with
drilling completed in multiple phases, amounting to 569 drill holes for a total of 60,688 m and
46,815 samples across the four prospects, Yandan, Yandan NE, East Hill and South Hill. 14,976
samples are from East hill prospect and 6019 samples are from South Hill Prospect.

The dominant drill hole type is RC drilling with 398 holes for 39,446 m but with a substantial
number of DD holes (including RC precollars) i.e. 68 holes for 15,579.2 m. The project area also has
180 RAB holes for 3,910 metres not used in the resource estimate.

RC drilling was used to obtain 1m samples which were riffle split to give a 3-8 kg which was then
pulverised to produce a 30g or 50g charge for gold fire assay analysis with an AAS finish.

DD was used to obtain core samples which were marked up for sampling by geologists, generally at
1m intervals, but under geological control. Samples were sawn in half using a diamond blade saw to
give 3-5kg sub-samples which were pulverised to produce a 30g or 50g charge for gold fire assay
analysis with an AAS finish.

All samples were logged; virtually all drill hole intervals were sampled and analysed.

Documentation for sampling and analytical procedures is available for the SRL work only, although
H&SC is familiar with the RSM work completed around this time in the general area, but there is no
documentation for sampling and analytical procedures for WMC or DGO. It is understood this work
with have been completed to industry standards.

Sampling and assaying are assumed to be to industry standard practice for the time.

Sampling and assaying techniques are considered appropriate for the deposit type at the time of
the analysis.
Drilling
techniques

Details of the drilling at the Yandan, Yandan NE, East Hill and South Hill by company are included
below:
Compan
y
Hole_T
ype
CountOfHol
e_ID
SumOfMax_De
pth
WMC
DD
46
7859.8
RSM
NR
2
685
RSM
PERC
86
1701
RSM
RC
349
26389
NM
NR
14
2277
SRL
DD
12
4150.7
SRL
RC
35
11846.8
DGO
RC
7
880
DGO
RCD
11
4568.7
UNK
RC
7
330
Total
569
60,688
(DD includes holes with RC or percussion collars)

There is no documentation for details of the drilling techniques for the Western Mining Corporation
(WMC), Normandy (NM), Ross Mining (RSM) and Drummond Gold (DGO) drilling was completed by
Eagle Drilling from Charters Towers. Standard face sampling hammers would have been used for
the Reverse Circulation drilling. It is not known whether triple tube was used for diamond drilling.
Sample recovery seems to be sufficient though for assay.

The SRL drilling was completed in 4 phases and utilised a UDR650 rig with RC precollars drilled with
a 5” or 5½” face sampling hammer bit with a cyclone-mounted sample splitter (1:7). Diamond holes
were drilled using a 650 rig to give NQ2 core with some top of hole HQ core. Oriented core was
measured by both a simple spear technique and the ACE core orientation tool.

Drillingtechniques are considered appropriate for the deposit type.

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Criteria Commentary
Drill sample
recovery

Recovery data was available for 22 RC holes, 10 DD holes and 5 pre-collared Diamond holes at the
East Hill and South Hill deposits.

NQ3 triple tube was used for most of the DD drilling to maximise recovery.

Recoveryof core is high,averaging93.7 for East Hill drillingand 87.9 for South Hill drilling.
Logging
100% of RC chips were logged using a qualitive system logged by a geologist with sufficient
experience.

100% of core logged for geological, mineralogical and geotechnical purposes. Core logging was
conducted in the site core yard, logged by a geologist with sufficient experience using a qualitive
system.

A lack of available documentation has meant it is difficult to comment on the logging systems that
were used. However, from the drill hole database the logging appears to be qualitative based on a
series of codes for variousgeological aspects eglithology,alteration etc.
Sub-sampling
techniques
and sample
preparation

SRL and DGO sampled 1m intervals through the mineralized zones using RC drill holes and Diamon
holes, with the latter commonly guided by geological contacts. Sample intervals include waste
sampling either side of the mineralization.

Little information is available to evaluate data quality of the RSM RC drilling, except that a riffle
splitter was used to generate the 1m samples (sample weight unknown).

For the RSM drilling the 1m RC returns were sub-sampled using a 1:3 Jones splitter yielding a 1-3kg
sub-sample, samples were passed through the splitter several times. The later drilling (SRL, DGO)
used a 1:7 Jones riffle splitter either rig-mounted or free-standing to give an approximate 3kg sub-
sample, on either 1m (dominant) or 2m composite intervals.

All core was pre-marked for sampling by geologists. The core samples were sawn in half using a
diamond-blade saw with the same half of the core selected for sampling for the length of the hole.

RC drilling did not involve water injection. Ground conditions were generally dry, with no mention
of any groundwater in flows.

No sample prep detail is available for the WMC.

SRL: Phase 1 of the RC drilling assay had samples composited at 2m intervals from the smaller split
1m sample and further split by external riffle splitter down to 2-3kg if necessary. A duplicate
sample by hollow spear from the larger split plastic bag sample was taken approximately every
60m for QA/QC purposes. Representative drilling rock chips were collected at 1m intervals into
plastic chip trays. Phase 3-4 RC drilling assay samples were collected at 4m intervals by hollow
spear from individual larger 1m sample split. A duplicate sample was taken approximately every
80m for QA/QC purposes. The smaller split 1m calico bag samples were retained for assaying later
if the 4m composite sample was geochemically significant (Au>0.4g/t). Representative drill chips
were collected at 1m intervals into plastic chip trays. Core was 100% sampled on a geological basis,
generally at 1m intervals but with a minimum of 0.3m and maximum of 1.3m per sample. Half-core
samples, cut by diamond saw where possible, or otherwise spoon sampled in highly weathered
core. Uninteresting samples from a mineralisation perspective were composited into
approximately 4m samples to reduce costs (undertaken by the laboratory after crushing and
pulverisation of individual samples). The remaining half core is stored at the Yandan core yard (also
RC chip trays).

The Ross Mining samples were dried at 150°C for 12 hours and then either pulverised using an LM5
to 85% passing 75 micron (Townsville lab) or sub-sampled (riffle split) and pulverised using an LM3
to 85% passing 75 microns (minesite lab), both producing a 200g scoop sample for analysis.

All laboratories were certified commercial laboratories working to best practices for the times.

All sample preparation, sample sizes and analytical methods are assumed to be appropriate for the
time.
Quality of
assay data
and
laboratory
tests

WMC: No details available

RSM: No details available

NM: no details available

SRL: Sample assaying was undertaken by ALS Chemex in Townsville for Au and ALS Chemex in
Brisbane for other multi-element analysis with the following methods used (no sample prep details
available):

Au-AA25 is 30g fusion with AAS determination (gravimetric determination for high grade Au
samples).

ME-ICP41 is 0.5g aqua regia digestion with ICPAES determination.

ME-MS42 is 0.5g aqua regia digestion with ICPMS determination.

ME-ICP61 is 0.5g multi-acid digestion with ICPAES determination.

DGO: No details available

Sample analysis was completed at commerciallyrun laboratories.

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Criteria Commentary

Details of the sample analysis method are available for the SRL drilling only.

All samples were analysed by fire assay of a 30g or 50g charge with an AAS finish.

No QAQC data was available for analysis by MA.

The QAQC programme for the drilling is considered as industry normal practice for the time, but
would potentially be considered today to be insufficient. QAQC sample data is available for the
Straits drilling in PDF electronic format. GBM plans to transfer this data to an electronic data base
for analyses prior to an upgrade in the resource category to indicated.

Fire assayforgold is considered a total analytical technique.
Verification
of sampling
and assaying

No independent verification has been undertaken.

There are no details of any specific twin hole analysis.

There is no procedural documentation available for the primary data, data entry procedures, data
verification and data storage (physical and electronic) protocols.

Available data for this work comprises an Access drill hole database and a suite of geological
interpretations maintained by DGO up to 2011. No work has occurred on the project since 2011.

All current data has been partially checked by MA for data entry or other inconsistencies via its
Access database. This includes simple error checking for duplicate entries, incorrect hole depths
and overlapping samples. Visual checks have been made for excessive hole deviation.

No adjustments were made to assay data except for replacement of assays with below lower
detection limits values with half lower detection limit values.
Location of
data points

No documentation on collar survey techniques is available. Most of the drilling is pre-hand held
GPS so is likely to either professionally surveyed or hand measured using a tape and compass. The
collar locations for the more recent DGO drilling is likely to be via hand held GPS.

No documentation on downhole surveys was supplied. A review of the drill hole database indicates
a lack of downhole surveys for the RC drilling (which was often industry practice at the time).
Downhole surveys for the DD drilling appear to be on nominal 50m or 30m (DGO) intervals. It is
most likely that the survey equipment was an single shot Eastman style camera which was a
standard industry practice at the time except for the DGO drilling which is likely to a single shot
digital measuring system.

Collar coordinates and geological interpretations are in the MGA94 Zone 55 grid projection.

A topographic surface was created by H&S was supplied by GBM; the surface grid (40m Nodes)
was made from the drill hole collar elevations. The 3D surfaces for the Yandan, East Hill and South
Hill Pit excavations were provided by GBM.

Topographic control is considered adequate given the relatively subdued relief in the resource
area.
Data spacing
and
distribution

Hole spacing is generally on a 25m by 20m grid extending to larger and irregular spacing with
depth.

Downhole sampling interval is 1m for the RC drilling and is predominantly 1m for the DD, but can
range from 0.1 to 3m in core as a result of geological control.

Sample assay data was composited to 2m intervals for the grade interpolation in the low-grade
Halos of East Hill. Within the interpreted high-grade veins of East Hill samples were composited to
1 m intervals. South Hill drill hole samples were composited to 1 m intervals.

Holes are generally angled steep to the south for the upper reaches of the main East Hill
mineralisation but then they are angled 60o to 70o to the north for the deeper sections of the
mineralisation; occasionally holes have been oriented in the opposite direction to act as scissor
holes. For the South Pit the holes are generally angled 70o to the north with the occasional hole
angled 70o to the south

Drillingdepth is up500m below surface with collar elevations range from 170 to 190mRL.
Orientation
of data in
relation to
geological
structure

Drilling is generally at high angles to the gold mineralisation.

There are however some drill holes that were drilled parallel to higher grade structural zones and
are at risk of adding a bias to the sampling data. No quantification of this potential bias has been
undertaken

The full extents to mineralisation may not necessarily have been fully established
Sample
security

There is no documentation for sample security
Audits or
reviews

No Validation of previous drill data sets has been undertaken.

33

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b. Section 2 Reporting of Exploration Results

(Criteria in this section apply to all succeeding sections.)

Criteria Commentary
Mineral
tenement
and land
tenure status

The East Hill deposit occurs 1km east of the historic Yandan mine which is located at 21o 20’ south,
146o 57’ east, within the Charters Towers, Bowen and Clermont mining districts,

East Hill lies on mine lease ML 1095 covering approximately 13.3 km2 and is located 40km west of
the Mt Coolon townsite and 155 km southeast of Charters Towers in north Queensland.

ML 1095 and ML 1096 mining leases for Yandan project expire 30 June 2021. Straits Gold Pty Ltd is
the registered holder of ML 1095 and 1096

GBM in process of acquiring 100% of Straits Gold Limited (SRL), final agreements pending and are
subject to GBM shareholder approval at 30th Nov 2020 (AGM). Settlement expected by 14th Dec
2020.

GBM is in theprocess of renewingthe miningleases,submission is required byDec 31st 2020.
Exploration
done by
other parties

The Yandan and East Hill deposits were initially discovered by WMC in 1986. This included
exploration drilling which defined Mineral Resources at East Hill and Yandan.

Ownership of Yandan and East Hill passed to RSM in 1992 who proceeded to mine Yandan from 1993
to 1996 with some minor mining of East Hill including a portion of the South Hill deposit. RSM
undertook extensive exploration drilling programmes.

Normandy Mining had an option over the Yandan area for exploration in 2000. They completed
limited work.

Ashburton Minerals acquired the Yandan property in about 2002 and completed very limited work

Straits Resource (SRL) entered into a joint venture with Ashburton that eventually led to the 100%
acquisition of Yandan and East Hill. From 2004 to 2006 a substantial drilling programme was
completed looking for higher grade zones at depth underneath East Hill (and Yandan). Straits
Resources completed a total of 31 drill holes for 11,292.0 meters into the Yandan East project area.

DGO acquired the property and completed a drilling programme in 2008-2009 with the
announcement of maiden resource estimates for East Hill in 2010 under the 2004 JORC Code &
Guidelines. DGO completed 11 drill holes for 3925.1 meters. Around 7 of these holes did either not
reach target depth or were drilled outside the resource at Yandan East.
Geology
From field studies and petrographic work the East Hill hydrothermal system was interpreted (Leach,
2006) to be a typical high level low sulphidation epithermal system. An alteration zonation from a
central silica-adularia core outward to clay alteration zones was identified, as well as later
overprinting alterations due to evolution of the hydrothermal system.

The South Hill and East Hill areas covers a portion of the western Drummond Basin including a part
of its eastern contact with the western margin of the Anakie Inlier. The major stratigraphic units
within the tenement comprise basement Anakie Inlier Les Jumelles metasediments, which are
unconformably overlain by/faulted against the Middle Devonian Ukalunda Beds, which in turn are
unconformably overlain by/faulted against the St Anns Formation of the Middle Devonian to Early
Carboniferous Drummond Basin Sequence. Western parts of the tenement have been
unconformably overlain by/faulted against mainly fluvial deposits of the Scartwater Formation and
Mount Hall Formation, both part of the sag-phase Cycle 2 depositional event within the Drummond
Basin Sequence (Olgers, 1972). Lateritised Tertiary Suttor Formation sediments and Quaternary
alluvium cover large areas of the Drummond Basin Sequence and the Anakie Inlier.

In the tenement area, the units of the Drummond Basin Sequence have been mapped as the St Anns
Formation. The St Anns Formation has been divided into four informal subdivisions – a lower, middle
and upper unit and the overlying Llanarth Member (Hancock and Mason, 1992). The formation
comprises a series of volcanics and volcanoclastics consisting of fine tuff, acid to intermediate flows,
arkosic and tuffaceous arenites, and minor limestones. The units within the sequence are difficult to
map and correlate due to the extreme variation in unit geometry, facies changes, non-depositional
unconformities, abrupt provenance changes and coeval tectonism.

Development of the Drummond Basin is, in part, coeval with Middle Carboniferous to Early Permian
acidic to intermediate igneous intrusions throughout the region. Plutonic intrusions include
granodiorite, granite, quartz-feldspar porphyry, quartz-tourmaline breccia, monzonite and diorite
(Hutton et al., 1991). Hypabyssal dykes and sills include andesite, trachyandesite, rhyodacite and
rhyolite porphyries.

A large portion of the project area is covered by Tertiary and Quaternary sediments. In the south and
east, the cover is dominantly Tertiary Suttor Formation comprising lateritised sandstone, mudstone,
claystone, oil shale, diatomite and carbonaceous claystone (Hutton et al., 1991). Lateritisation has
resulted in the Suttor Formation forming low-lying mesa plateaus and ridges along palaeo-channels
with distinct "break-away" margins. Present daychannels incise the Suttor Formation and contain

34

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Criteria Commentary
Quaternary alluvial channels draining out to flood plains.

Structural and mineralisation history is summarised as follows:

Basin inversion at end of Drummond Basin cycle 1 deposition results in dextral and reverse faulting
on northeast listric faults with the formation of northeast anticlinal fault warps and steep east
tension structures. At East Hill the proximity of the basement basin margin accentuates the
deformation.

Hydrothermal fluids generated by an unknown heat source upflow predominantly in east structures,
concentrated at the intersection with northeast faults. Alteration of the host rock occurs above the
boiling zone in a zonation from silica-adularia outward to clays.

At East Hill massive silica veining and low grade Au mineralisation, is deposited from upwelling fluids
in tension fracturing in approximately 070 and 110 orientations and the alteration zonation is
overprinted variably by silica-illite.

Silica-pyrite veining, As and Sb rich and low grade Au mineralisation, is deposited by hydrothermal
brecciation at East Hill and porosity dissolution infill at Yandan Main Pit and South Pit.

Late in the deformation at East Hill, crustiform banded veining with high grade Au mineralisation, is
deposited in approximately 110 striking tension fractures by upwelling fluid boiling and interspersed
episodes of mixing with recharge cool carbonate fluid.

Hydrothermal system waning results in a kaolinite-siderite alteration overprint by downdrawn
carbonate fluids.

Post-mineralisation deformation results in normal faulting on northeast listric structures and sinistral
faulting on steep east structures truncating mineralisation.

Mineralization appears to be located beneath East Pit due to focusing of upflowing mineralizing
fluids by:

The ENE trending East Pit Fault and sub-parallel hanging wall faults

A series of NNW trending, east dipping faults east of the Yandan East Fault – the West Wall and
Andesite Margin Faults.

The aquitard effect of the Coarse Andesite, with fluids focused around this unit into fragmental units
and around the fine Andesite, beneath the “sinter” unit

Mineralization appears localized in the South Pit due to:

The ENE trending sub-parallel faults

The South Pit Fault at South Pit

The aquitard effect of the Coarse Andesite adjacent to the pit

The petrographic work also identified the occurrence of Au in high grade crustiform banded veins at
two sites. Silica-adularia band hosted Au is interpreted to be deposited by hot upwelling fluid boiling.
Silica-illite-carbonate-sulphide band hosted Au is interpreted to be deposited by hot upwelling fluid
mixing with cool carbonate recharge fluid.

Gold occurred as fine-grained electrum where observed in petrography. Average grain size is
approximately20um and fineness approximately700.
Drill hole
Information

Exploration results not being reported.
Data
aggregation
methods

Exploration results not being reported.
Relationship
between
mineralisatio
n widths and
intercept
lengths

Exploration results not being reported.
Diagrams
Exploration results not beingreported.
Balanced
reporting

Exploration results not being reported.
Other
substantive
exploration
data

Exploration results not being reported.
Further work
There is scope for some additional peripheral exploration in order to incrementally add to the
sulphide resource

Preferentially oriented drilling may better define the geometry of the deeper higher grade gold
mineralisation.

35

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Criteria Commentary

Validation drilling of historic exploration activities, twin holes and quarter core duplicates

Data entryofQAQC samples into an electronic database to facilitate analysis.
c.
Section 3 Estimation and Reporting of Mineral Resources
(Criteria listed in section 1,and where relevant in section 2,also applyto this section.)
c.
Section 3 Estimation and Reporting of Mineral Resources
(Criteria listed in section 1,and where relevant in section 2,also applyto this section.)
Criteria Commentary
Database
integrity

MA was provided with an export of the current GBM drill hole database in MS Access format.

The database contained tables for Collar details and metadata, downhole surveys, assays, lithology,
alteration, core recoveries, veins, minerals and oriented structures.

MS Access queries were used to perform basic validation checks, and holes were then loaded into
Surpac for a second round of validation,hole lengths,sample lengths,down hole surveyerrors.
Site visits
Ian Taylor (AusIMM(CP)) of Mining Associates visited the property in July of 2018 and again in August
2019.Field exposures and numerous drill holes collars were examined during this visit.
Geological
interpretation

Zones of broad massive silica alteration and zones massive silica-pyrite with low grade Au
mineralisation were grouped as a low grade domain above a nominal 0.3 g/t.

Higher grade domains consisting of crustiform banded silica-adularia-calcite veins within logged
buddingtonite alteration above 2.0 g/t were digitised.

The high-grade veins are interpreted to strike 070° and dip moderately (~50°) to the south-south east.
A similar orientation to the interpreted “feeder zone” at Yandan pit (Gilbert 1999).

North South cross sections were digitised on 25 m intervals

Interpreting specific high grade zones restricts the influence of the high grade assays. These zones are
not diluted with the background anomalous 0.3 g/t mineralisation. The interpreted zones do carry
internal dilution below 2.0 g/t.

Mineralisation is best defined by a combination of geological interpretation and the gold assays. The
data in the supplied drill hole database is limited and in parts is sub-optimal eg oxidation levels.The
base of mineralisation is defined bya fault,interpreted as a listric fault.
Dimensions
Mineralisation is largely constrained within a fault block approximately 250 m in strike. The low grade
mineralisation is identified further west providing an overall strike length of 430 m and a width of
275 m, the higher grade veins strike approximately 200 m and are generally narrow 5 m wide with rare
intersections up to 20m wide.

Mineralisation occurs from the surface to the identified basement listric fault 350 m below the surface
Estimation
and modelling
techniques

Estimation undertaken in Surpac 7.3.

Experimental Variograms were generated in Supervisor and Surpac. Experimental Variograms were
poorly formed, due to the grade distribution expected in a epithermal gold-silver deposits. Variogram
sills were standardized to 1. Nuggets were generally moderate to low, ranging from 0.22 to 0.56, and
the range of the variogram ranged from 50m to 115m. Geometric Anisotropy was adopted and
ellipsoid ratios applied to reflect directional variograms.

Estimation parameters: min samples 12 and max 20 first pass, minor veins min samples 5 and max 12
or 16. Required number of samples was relaxed for subsequent passes.

Search distances were set a 60 m with anisotropy ratios of 1.67 and 2.5. search distances were
doubled on 2ndpass and trebled on the 3rd pass. Informing composites were limited to 5 per drill hole
for pass one and two, this restriction was removed for pass 3. 44% of blocks are estimated in pass 1,
51% in pass two and 5% in pass three.

Silver is considered a by-product and has been estimated using the similar parameters as the gold
estimate.

No other variables were considered in this resource estimate.

Block size was 25m x 10m x 10m (XYZ) which considers vein orientation and drill pattern.
(approximately ½ the drill spacing)

Sub-blocking of 1.25m x 3.125m x 1.25m was permitted allowing sufficient detail in the model to
reflect the higher grade vein sets.

Wireframes were constructed based on surface mapping, and drill hole intercepts greater than 0.3g/t
Au and high grade greater than 2.0 g/t Au. Wireframes were used to constrain the individual veins
estimates.

High grade outliers data were capped. Identified erratic high grades were sidelined during the capping
analysis, these samples were capped and used in the estimate. Au was capped by domain and capped
grades ranged from 3.06 to 85.42g/t,Agranged from 8.0 to 59.7g/t.

36

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Criteria Commentary

Global mean grades for estimated blocks and drill hole samples compared well.

Ordinary krige estimates were compared to nearest neighbour and inverse distance estimates, to
assess the impact of data clustering and semi-variograms.

Swath plots along strike were constructed and showed a good correlation between sample data and
estimated block grades, especially in well informed areas.

No production data is available for the East Hill Pit, material mined was added to the Yandan Heap
Leach.
Moisture
Tonnages are based on dry tonnes. Density samples were measured using the immersion method to
determine the dry density of the host rock.
Cut-off
parameters

The mineral resource is reported above 0.3 g/t within a conceptual pit shell to approximately 3300 m
below the surface. The inferred resource considers, assumed mining methods, processing and
administration costs, gold (AU$2800) and recovery factors resulting in reasonable prospects for
economic extraction. Silver grades are not considered in the economic cut-off at this early stage of the
project.
Mining factors
or
assumptions

Mineralisation is close to surface. GBM foresees mining via open pit and tank leach recovery.MA notes
that this is a reasonable assumption but should not be regarded as rigorous at this stage of the
project.

The current mineral resource does not include any dilution or ore loss associated with practical mining
constraints.
Metallurgical
factors or
assumptions

Ross Mining mined the east hill pit and processed the material on the Yandan Heap Leach.

Limited metallurgical work looking at refractory versus non-refractory mineralisation at East Hill.

The project is considered a brown field exploration project and requires further metallurgical testing
Environmental
factors or
assumptions

The project is located on an existing mining lease, approximately 0.5 km from the Yandan site.

No specific issues beyond normal requirements for open pit mining in QLD
Bulk density
11 pit samples and 355 immersion measurements from diamond core

Density samples were measured using the immersion method to determine the dry density of the host
rock

A bulk density of 2.0 is assigned to the oxidised material and a bulk density of 2.65 is assigned to fresh
material.
Classification
Resource classification is based data quality, drill density, number of informing samples, kriging
efficiency, average distance to informing samples and vein consistency (geological continuity).

A moderate confidence (lack of QAQC) in the quality of the data justified the restriction of
classification to inferred resources; the data quality will need further validation to improve confidence
in the estimate. (eg: data entry of existing QAQC data and twining key drill holes)

Geological continuity has been demonstrated at 50m grid spacing over the entire strike of East Hill
project.
Audits or
reviews

No external audits or reviews of the resource estimate have been carried out to date.
Discussion of
relative
accuracy/
confidence

The resource estimate has been developed from “first principals” based on a review and re-
interpretation of the geological controls and drill data using Surpac Software.

The ordinary kriging result, due to the high level of smoothing, should only be regarded as a global
estimate, and is suitable for strategic resource development .Should local estimates be required for
detailed mine scheduling additional drilling and consideration of techniques such as Uniform
conditioning or conditional simulation would be required.

The resource classification reflects the accuracy of the block estimates.

Production data is not available for the East Hill Pit or South Hill Pit which precludes comparison of the
mineral resource with production data.

T

37