ALTAMIN LIMITED — Interim / Quarterly Report 2015

Jul 27, 2015

ASX Announcement

28 July 2015

Quarterly Activities Report Period Ending 30 June 2015

Key Points

Gorno Zinc Project

• Exploration and Resource diamond drilling commenced - initial holes to verify historical percussion drilling results above the 900RL at Colonna Zorzone.

• Ca Pasi Tunnel, access road and Val Vedra Bridge completed.

• Extension and infill drilling from both existing workings and the new Exploration Decline between the 1040RLand the 600RL to commence in August.

ASX Code EMX

ABN 63 078 510 988 PO Box 1785 West Perth WA 6872

Level 2, 20 Kings Park Road West Perth WA 6005

T: + 61 8 9321 5000 F: + 61 8 9321 7177 E: info@energiaminerals.com W: www.energiaminerals.com

Board of Directors Alexander Burns Executive Chairman Kim Robinson Managing Director Max Cozijn Finance Director Marcello Cardaci Non-Executive Director

Company Secretary Jamie Armes

• Three geotechnical diamond drill holes completed in preparation for commencement of Exploration Decline.

Exploration Projects

• Strong ground position established in the emerging Paterson Province in Western Australia.

• Tenement applications lodged for two large historical MVT style zinc mines (Predil and Salafossa) in north eastern Italy.

Corporate

• Carley Bore Uranium Project sold to Paladin Energy (PDN) for 45 million PDN shares and A$1.6M in cash.

• Cash at end of June was approximately A$4.1M (excluding A$1.6M due from PDN).

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Development Projects

Gorno Zinc Project, Italy (100% owned)

The June quarter was an important one for the Company, with access now established to both the 940RL and 990RL levels and diamond drilling commencing. With the increased level of funding now available through the disposal of Carley Bore, it has been decided to expand both the level of underground refurbishment (see Figure 6) and the amount of diamond drilling in the upper levels of the Colonna Zorzone.

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Figre 1 Completed bridge spanning Val Vedra at the Forcella portal

During The Quarter, mining contractor Edilmac dei Fratelli Maccabelli S.R.L. (Edilmac), completed refurbishment of the Ca Pasi Access Tunnel (see Figure 2), reconstructed the road between the Ca Pasi North portal and the bridge spanning the Val Vedra, (see Figure1) and established unrestricted access into the Forcella tunnel.

Restricted access to enable diamond drilling to commence has also been established within the Forcella Tunnel (940 level) and the 990 level. All steel apart from rail lines has been removed and stripping of the tunnel to allow access for larger mining equipment is awaiting blasting approval for purchasing and transporting explosives from the Questura (State Police).

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Figure 2 Completed Ca Pasi Access Tunnel

At the end of June, the Diamec 252 diamond rig was being prepared for hauling up the Scala Santa (an inclined haulage way) which connects the 940 level with the 990 level. Within the Scala Santa on the 990 level, a winch system was established to haul equipment up on the existing rails. Several old locally sourced ore rail cars were modified for this purpose.

A water supply was identified on the 1070 level and a water line installed to supply water initially to the drill rig on the 990 level. This supply is expected to be sufficient for all underground mining requirements.

Installation of the main ventilation fan on the 940 level has also been completed.

At the Ca Pasi laydown area, undercover core cutting facilities and an exploration office were established.

The 710m Exploration Decline to provide drilling platforms in advance of the previously announced 4,000m resource definition diamond drilling program to be carried out by Canadian based Cabo Drilling Corporation and comprising 21 holes (see figure 3) will commence as soon as blasting approval is received from the Questura.

In addition to the Cabo contract, agreement has been reached with Edilmac to increase the previously announced 480m diamond drilling program embedded in the Edilmac contract to 1,000m. Edilmac has now purchased a new portable Sandvik DE130 underground diamond drilling rig to drill the many targets that remain to be tested within the existing developed areas in tandem with the smaller Diamec 250 rig that is currently being used. This program, comprising approximately 30 diamond drill holes, has now commenced.

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Figure 3 – Colonna Zorzone section looking East with 4000m diamond drilling drilling shown in green

Energia anticipates completing the resource drilling in December 2015 and finalising an Initial Resource Estimate in the first quarter of 2016 in advance of commencing production by late 2017. To achieve this schedule, environmental consultants are being engaged to progress base line studies and to coordinate requirements with the relevant regulatory authorities.

Our thanks are extended to all the local comunes and their communities, the Regione Lombardia and other regulatory authorities who continue to assist and support the Company in bringing this exciting project to fruition.

Exploration Projects

Nyang ISR Uranium Project, W.A (100% owned)

As a consequence of Energia’s objection to Cauldron’s application for expenditure exemption for three tenements (E08/2160, E08/2161 and E08/2165) to the north of Carley Bore on which there was substantial under-expenditure, CXU has relinquished E08/2165. As this tenement was under plaint by Energia, Energia was given priority by the Wardens Court to apply for the ground which to date has not been assessed by drilling and has considerable potential to host ISR uranium deposits. Energia has taken up this opportunity and applied for E08/2735 (see Figure 5).

The Wardens Court has recommended that CXU’s application for expenditure exemption on the two remaining tenements (E08/2160 and E08/2161) currently under plaint by Energia, be rejected. The matter is now before the Minister for Mines for his consideration.

Paterson Project, Western Australia (100% owned)

Energia has a large and strategically located tenement package totaling 1,616 km[2] in the underexplored Paterson Province of Western Australia which hosts a number of world class mineral deposits including Telfer, Nifty and Kintyre (see Figure 7) as well as Encounter Resources (Encounter) recently discovered Millennium zinc prospect. Encounter are currently drilling at Millennium and are also proposing to drill a shale hosted SEDEX style target well to the south of Millennium which has

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returned intersections of up to 45m grading 0.38%Zn within shales. It is considered by Encounter that this may well represent the mineralized halo peripheral to a large scale Mt Isa SEDEX style deposit.

No field work was carried out at Paterson during the period; however Energia has identified a number of deep conductive targets within E45/2886, lying in close proximity to the regionally extensive Kintyre and Tabletop faults which appear to be major mineralizing conduits. These conductors could reflect mineralization within either the Coolbro Sandstone cover sequence or the underlying sediments. A follow up ground geophysical program has been designed to more accurately define these targets in preparation for drilling pending heritage clearances for access.

A large deep seated magnetic target (8km by 5km) also remains untested in the western half of E08/2886 to the west of the Kintyre Fault.

Salafossa and Predil, Italy (100% owned)

During the quarter, tenements were applied for covering two historically large Mississippi Valley Style producers. Both have similar Zn:Pb ratios to Gorno which, if granted, will offer significant diversification and growth opportunities alongside the Company’s flagship Gorno Zinc Project. The two applications cover the historical zinc mines of Predil and Salafossa in the far north-east of Italy, close to the borders of Austria and Slovenia and approximately 400km by road from Gorno (see Figure 4).

The Predil mine (previously known as Raibl), has a long production history dating back to the eleventh century AD and was prematurely closed in 1991 by ENI as part of the Italian government’s strategy for ENI to contract its activities to oil and gas. Predil (see Figure 4) is estimated to have produced 30Mt of ore grading 5.0% zinc and 1.2% lead (1.9Mt of contained Zn+Pb) and, at the time of its closure, was producing approximately 50,000 tonnes of zinc and lead concentrates annually which were transported to Gorno to be treated through the Ponte Nossa Refinery which still operates today. The Predil deposit remains open at depth.

Energia has also applied for an Exploration Licence covering the Salafossa Mine, which is located to the north of the town of San Pietro Di Cadore and within 7km of the Austrian border. Salafossa was discovered in 1959 and was mined by Societa Mineraria e Metallurgica di Pertusola SpA from 1964 until its closure in 1986. Salafossa produced 10.95Mt of sulphide ore grading 5.0% zinc and 1.0% lead at an average production rate of approximately 500,000 tonnes per annum over 22 years. Salafossa production was from a single flat-lying deposit with dimensions of 750m by 200m and up to 30m wide which facilitated mining by low-cost, large scale open stoping.

Energia is planning to commence exploration drilling at both Predil and Salafossa as soon as the Exploration Licences are granted. In the case of Predil, this work will primarily target extensions to the deposit together with verification of remaining resources and, in the case of Salafossa, exploration will be focused on targeting potential repetitions. In the meantime, digitising of data stored in regional and state archives will commence.

Val Vedello and Novazza Uranium Projects, Italy (100% owned)

Energia has Exploration Licence applications covering the two partially developed high grade uranium deposits at Val Vedello and Novazza. These deposits were explored by way of substantial underground development and detailed diamond drilling by the Italian government owned, ENI subsidiary AGIP Nucleare (AGIP) in the period 1959-1984. Investigations to date have established a high level of

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confidence for the established Exploration Targets[1 ] of 15-30Mlb @ 1000-2000ppm U3O8 for Val Vedello and 2-3Mlb @ 1000-2000ppm U3O8 for Novazza based on:

• Val Vedello: 10,428m of underground development and bulk sampling and 65,000m of diamond drilling which was carried out over a 14 year time frame culminating in an “ore reserve” estimate calculated by AGIP in 1983 which was not compiled in accordance with the JORC(2012) code and Energia cannot test its validity until tenure is granted; and

• Novazza: 6,700m of underground development and 23,854m of drilling using a variety of drilling methods.

1 This Exploration Target is conceptual in nature and has yet to be fully drill tested. There has been insufficient exploration (i.e. drill testing) to define a mineral resource estimate which could be reported in accordance with the JORC 2012 code. It is also uncertain if future exploration will result in the determination of a mineral resource within the project . Please refer to ASX announcement released on 04/04/2014 for full details of the Exploration Target at Novazza and Val Vedello.

Macarthur Project, Northern Territory (100% owned)

Energia has applications for two tenements totalling 909 km[2] in the Northern Territory, covering the western margin of the Macarthur Basin, which is prospective for copper, zinc and lead. These tenements lie approximately three kilometres to the west of Pacifico Minerals Ltd’s (ASX : PMY) newly discovered Coppermine Creek copper discovery.

Corporate

Sale of Carley Bore Uranium Project to Paladin Energy Ltd

During the Quarter, Energia signed a binding HOA to sell its Carley Bore Uranium Project in Western Australia’s Carnarvon Basin to Paladin Energy Limited for 45 million PDN shares (of which 16 million shares will be held in voluntary escrow for a period of 12 months) and $1.6M in cash. As at 28 July 2015, all Conditions Precedent have been met and the transaction can now proceed to settlement.

Share Capital

At the end of June 2015, Energia had 609,020,979 fully paid ordinary shares and 30.25 million unlisted options on issue. During the quarter, 5.625 million unlisted options expired.

On 29 June 2015, as part of the Annual Remuneration review process, the Company resolved to offer the following unlisted Incentive Options to certain Eligible Participants under the 2014 Employee Incentive Plan :

1. A total of 2,250,000 options exercisable in three equal tranches, with an exercise price of 12 cents, 18 cents and 24 cents, vesting at date of Grant, after 12 months service and 24 months service respectively, and expiring 5 years from date of grant, will be offered to eligible employees.

2. 2,250,000 options to be offered on the same terms and conditions as the employee options above to a contractor under Listing Rule 7.1.

Subject to obtaining shareholder’s approval, a further 9,000,000 unlisted options are proposed to be granted to Kim Robinson, Managing Director, and 2,250,000 unlisted options are proposed to be

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offered to Max Cozijn, Executive Director, on the same terms and conditions as the employee options above.

Cash on Hand

As at 30 June 2015, the Company had approximately $4.1million cash on hand.

Executive Remuneration

Mr Kim Robinson – Managing Director

The Executive Service Contract for Mr Kim Robinson, Managing Director has been extended for further three years to 30 April 2018. The Board recognises the importance of Mr Robinson’s participation in the Company to date and its future strategic direction. Annual remuneration has been revised to $350,000 per annum inclusive of superannuation effective from 1 May 2015. Subject to shareholder approval, Mr Robinson will also be offered 9,000,000 unlisted options on the terms and conditions as outlined above.

Mr Alex Burns – Executive Chairman

In consideration of Energia’s current corporate structure Mr Alex Burns has become a part-time Executive Chairman. In recognition of this change the base salary for Mr Burns will be reduced to $175,000 per annum inclusive of superannuation effective from 1 July 2015.

Tenements

Current tenement holdings and tenements relinquished during the quarter are shown in the attached Tables 1 and 2.

For media enquiries contact: Kim Robinson Nicholas Read Managing Director Read Corporate +61 8 9321 5000 +61 8 9388 1474 info@energiaminerals.com info@readcorporate.com.au

About Energia Minerals

Energia Minerals is a highly focused, well-funded, development and exploration company with an exciting portfolio of projects in Italy and Australia covering approximately 4,265 km[2 ] in 11 granted tenements and 21 under application.

All tenements are 100% owned with no third party royalties other than a 1% NSR royalty payable to Berghem Mines & Tech SRL in respect of any zinc production from the Gorno Project.

In Northern Italy, Energia has granted title over the exciting Gorno Zinc Project, which although having no defined JORC resources, had significant quantities of developed but unmined zinc mineralisation remaining when ENI closed the operation prematurely in 1985. As soon as access has been reestablished by Edilmac it is this existing mineralisation, as well as undeveloped and partially drilled

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extensions that will be the target of confirmatory drilling due to continue between now and December 2015.

Gorno was mined extensively until 1978, producing approximately 800,000 tonnes of zinc metal contained in high quality; coarse grained 55-58% zinc concentrates from a recorded throughput of 6Mt grading 14.5% zinc. More than 230km of underground workings were developed across the Gorno licenses.

For further information on the company please go to www.energiaminerals.com or email info@energiaminerals.com.

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APPENDIX

Forward looking and Cautionary statements

The Company has concluded it has a reasonable basis for providing the forward looking statements included in this announcement. The detailed reasons for that conclusion are outlined throughout this report and in particular in the Appendix A headed “Forward Looking and Cautionary Statements.” Unless otherwise stated, all cash flows are in Australian dollars, are undiscounted and are not subject to inflation/escalation and all years are calendar years.

Certain statements made in this announcement, including, without limitation, those concerning the Scoping Study, contain or comprise certain forward-looking statements regarding Energia Minerals Limited’s exploration operations, economic performance and financial condition. Although Energia believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forwardlooking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in metals prices, exchange rates and business and operational risk management. Energia undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events.

Competent Person Reference

Information in this release that relates to Exploration Results is based on information prepared by Mr David Andreazza and Mr Kim Robinson who are both Competent Persons Members of the Australian Institute of Geoscientists. Mr Andreazza and Mr Robinson are full-time employees of Energia Minerals Limited. Mr Andreazza and Mr Robinson have sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken 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 Andreazza and Mr Robinson consent to the inclusion in this release of the matters based on his information in the form and context in which it appears.

Cautionary Note

1) Exploration Target

An Exploration Target is conceptual in nature and has yet to be fully drill tested. There has been insufficient exploration (ie. close-spaced drilling) to define a JORC compliant mineral resource within the Exploration Target and it is uncertain if future exploration will result in the determination of further mineral resources within it.

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Figure 4 - Energia Minerals Australian and Italian Project Locations

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Figure 5– Carley Bore tenement Locations showing disputed tenements

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Figure 6 – Planned refurbishment program with drilling locations

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Figure 7 – Energia’s tenement holding in the Paterson Province

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Table 1 - Schedule of Mining Tenements Held

Project	Tenement	Entity’s Interest	Comments
	Western Australia
Nyang	E 08/1644	100%	Granted
Nyang	E 08/1645	100%	Granted
Nyang	E 08/1646	100%	Granted
Table Top	E 45/2886	100%	Granted
Iron Hill	E45/4499	100%	Application
Paterson Range	E45/4520	100%	Application
Iron Hill South East	E45/4521	100%	Application
Throssell Range	E45/4522	100%	Application
Moses Chair	E45/4534	100%	Application
Throssell Range	E45/4535	100%	Application
Broadhurst Range	E45/4543	100%	Application
	Northern Territory
McArthur	EL 25269	100%	Application
McArthur	EL 25272	100%	Application
	Italy
Novazza	N/A	100%	Application
Val Vedello	N/A	100%	Application
Gorno	Decree 1633	100%	Granted
Gorno	Decree 1571	100%	Granted
Gorno	Decree 1629	100%	Granted
Gorno	Decree 1632	100%	Granted
Gorno	Decree 1630	100%	Granted
Gorno	Decree 3276	100%	Granted
Gorno	Decree 3277	100%	Granted
Gorno	Decree 3278	100%	Granted
Gorno	Decree 3279	100%	Granted
Gorno	Decree 3280	100%	Granted
Gorno	N/A	100%	Application
Gorno	N/A	100%	Application
Gorno	N/A	100%	Application
Gorno	N/A	100%	Application
Gorno	N/A	100%	Application
Gorno	N/A	100%	Application

Table 2 - Schedule of Mining Tenements Relinquished

Area of Interest	Tenement	Entity’s Interest	Comments
	Western Australia
Gascoyne	E09/1966	100%	Surrendered

Table 3 - Schedule of Mining Tenements Acquired

Area of Interest	Tenement	Entity’s Interest	Comments
	Western Australia
Nyang	E08/2735	100%	Application
Isadell	E45/4563	100%	Application
	Italy
Predil	N/A	100%	Application
Salafossa	N/A	100%	Application

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Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

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----- Start of picture text -----

ENERGIA MINERALS LTD
ABN Quarter ended (“current quarter”)
ABN 63 078 510 988 30 June 2015
Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating activities (12 months)
$A’000 $A’000
1.1 Receipts from product sales and related debtors - -
1.2 Payments for (a) exploration and evaluation (net) (1,196) (3,287)
(b) development - -
(c) production - -
(d) administration (net) (350) (1,182)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature received 10 93
1.5 Interest and other costs of finance paid - -
1.6 Income taxes benefit received - -
1.7 Other (a) Research and Development Incentive - 9
(b) Exploration Incentive - 74
(c) Italian VAT Paid (139) (200)
(b) Other 3 30
Net Operating Cash Flows (1,672) (4,463)
Cash flows related to investing activities
1.8 Payment for purchases of: (a) prospects - (1)
(b) equity investments - -
(c) other fixed assets (19) (52)
1.9 Proceeds from sale of: (a) prospects - -
(b) equity investments - -
(c) other fixed assets 1 3
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material)
– Reduction in security bonds - 5
– Increase in security bonds (7) (11)
Net investing cash flows (25) (56)
1.13 Total operating and investing cash flows (carried
forward) (1,697) (4,519)
----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 5B Page 1

30/9/2001

Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(1,697)	(4,519)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. (net of costs) 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings – non-refundable loans 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other Net financing cash flows	- - - (27) - -	8,153 - 250 (44) - -
	(27)	8,359
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter	(1,724) 5,731 103	3,840 187 83
	4,110	4,110

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.23 1.24 1.25	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to theparties included in item 1.10	Current Quarter $A'000
		193
		-
	Explanation necessaryfor an understandingof the transactions
	1.23 Being the salary and superannuation of the Executive Chairman, Managing Director and Finance Director prior to overhead recovery plus Non-Executive Director fees and superannuation.

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows Not Applicable

2.2	Details of outlays made by other entities to establish or increase their share in projects in which the
	reportingentityhas an interest

None

• See chapter 19 for defined terms.

Appendix 5B Page 2

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements/bonds	Amount available $A’000	Amount used $A’000
	-	-
	110	65

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration (net)	$A’000 2,200 - - 300
Total	2,500

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as	Current quarter	Previous quarter
shown in the consolidated statement of cash flows) to	$A’000	$A’000
the related items in the accounts is as follows.
5.1 Cash on hand and at bank	3,397	4,227
5.2 Deposits at call	713	1,504
5.3 Bank overdraft	-	-
5.4 Other (provide details)	-	-
Total: cash at end of quarter(item 1.22)	4,110	5,731

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest	Interest at beginning ofquarter	Interest at end of quarter
	E09/1966	Relinquishment of granted tenement	100%	Nil
	Nyang E08/2735 Isadell E45/4563 Predil - Italy Salafossa - Italy	Application Application Application Application	Nil Nil Nil Nil	100% 100% 100% 100%

• See chapter 19 for defined terms.

Appendix 5B Page 3

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Appendix 5B Mining exploration entity quarterly report

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total number	Number quoted	Issue price per security (cents)	Amount paid up per security (cents)
7.1 Preference+securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions	Nil	Nil	-	-
	- -	- -	- -	- -
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases -Placement & Rights Issue -Satisfaction of unsecured debt -Shares in lieu of fees (b) Decreases through return of capital,buy-backs	609,020,979	609,020,979	Various	FullyPaid
	- - - -	- - - -	- - - -	- - - -
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	Nil	Nil	-	-
	- -	- -	- -	- -
7.7 Options Unlisted-vested Unlisted- vested Unlisted- vested Unlisted- vested Unlisted- vested Unlisted- vesting 30/4/2015 Unlisted- vesting 30/4/2016 Unlisted – vested Unlisted – vesting 14/1/2016 Unlisted – vesting 14/1/2017 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter Unlisted-vested Unlisted-vested Unlisted-vested	5,500,000 4,000,000 4,000,000 4,000,000 2,000,000 2,000,000 2,000,000 2,250,000 2,250,000 2,250,000	- - - - - - - - - -	Exercise Price $0.225 $0.10 $0.20 $0.30 $0.05 $0.10 $0.15 $0.05 $0.10 $0.15	Expiry Date 8 July 2015 30 April 2017 30 April 2017 30 April 2017 30 April 2019 30 April 2019 30 April 2019 14 Jan 2020 14 Jan 2020 14 Jan 2020
	-	-	Exercise Price -	Expiry Date -
	-	-	-	-
	5,000,000 400,000 1,250,000	- - -	$0.30 $0.30 $0.15	24 Jun 2015 30 Jun 2015 30 Jun 2015
7.11 Debentures (totals only)	Nil	Nil
7.12 Unsecured notes(totals only)	Nil	Nil

• See chapter 19 for defined terms.

Appendix 5B Page 4

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Appendix 5B Mining exploration entity quarterly report

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX.

• 2 This statement does give a true and fair view of the matters disclosed.

Sign here:

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Date: 28 July 2015 Print name: Jamie Armes (Company Secretary)

• See chapter 19 for defined terms.

Appendix 5B Page 5

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