ARK MINES LIMITED — Management Reports 2016

Nov 14, 2016

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Mt. Porter Mining Plans

Sydney, 15 November 2016 : Ark Mines Ltd ( ASX: AHK ) is pleased to expand on its announced plans to commence mining Mt. Porter.

AHK has now entered into a new toll treating agreement with NT Mining Operations Pty Ltd to treat Mt. Porter gold ore at the nearby Union Reef mill ( see AHK’s previous announcement dated 14/11/2016 ). Mining is expected to commence soon after the current wet season finishes, and will initially focus on gold oxide ore at Mt. Porter to be followed by gold oxide ore at Mt. Porter South.

AHK will soon be submitting a Mine Management Plan for Mt. Porter South. Following oxide mining at Mt. Porter and Mt. Porter South, AHK plans to either mine the sulphide material at Mt Porter and/ or mine Mt. Porter North gold oxide ore. AHK is also contemplating the potential for mining the sulphide material along the Mt. Porter anticline, by underground methods.

AHK will focus on mining production that meets the requirements of the Union Reef Mill. At this point, it is anticipated the mill will process 30,000 tons of AHK ore each month. AHK will optimise its mining plans to efficiently work to this scale.

Advantages of the proposed Mt. Porter mining model:

• Lower risk – size and scale

• Lower working capital

• More flexibility

• Reduces rehabilitation cost

• Smaller equipment requirement

• Less drill and blasting per unit

• More oxide to sulphide as a ratio of total material milled

• Less exposure to acid mine drainage issues

• Little or no overburden and up front mining costs

• Lower milling costs with the oxide material

• Optionality – i.e. to not mine the sulphides

• Potential for underground extension

• Mine tonnage per month to match the milling per month

Managing Director Roger Jackson said: “ This is an exciting new era for Ark. Mining Mt. Porter is the culmoination of a lot of hard work and determination by the Ark Board and management. We have a robust plan and a strong vision for Ark and its gold projects in the NT . We will be now focussing upon our mining start up and developing further mining stock to maintain continuity ”.

Mt. Porter South has been wireframed and reviewed by AHK geologists. Whilst it is not high grade it is shallow and is expected to recover well in the Union Reef Mill.

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Mt. Porter South highlights:

• Lower grade 9 -10m thick structurally simple mineralised zone

• 760m strike length open to south and at depth

• 210m south of Mt. Porter

• 10m @1.15 g/t Au (9.82 @ 1.15 g/t Au true thickness)

• 9m @ 1.55 g/t Au (8.83 @1.55g/t Au true thickness)

• 19 out of 61 drill holes and 5 out of 6 trenches had significant intersections of gold mineralisation (>1m @1 g/t Au)

• Potential strip ratio of approximately 4:1, based on mining main lode only from surface to 20m depth with 50 degree wall angles, and accounting for surface terrain slope

• Stong Au soil geochemical anomoly

• Strong As soil geochemical anomoly

Mt Porter Southtable of tonnes and grades at various depths:

Mt Porter Southtable of tonnes and grades at various depths:	Mt Porter Southtable of tonnes and grades at various depths:	Mt Porter Southtable of tonnes and grades at various depths:	Mt Porter Southtable of tonnes and grades at various depths:	Mt Porter Southtable of tonnes and grades at various depths:	Mt Porter Southtable of tonnes and grades at various depths:
Main lode complete (extended to compliant limits) and not cut to surface (invalid Vol)
	Whole Vol	SG	tonnes	sample m	grade	grams	Oz.
	329,824.0	2.00	659,648.0	156.0	1.16	765,191.7	24,601.5
Main lode only, cut to surface and 17m.
	Cut Vol	SG	tonnes	sample m	grade	grams	Oz.
Max	101,440.4	2.00	202,880.8	52.0	1.63	330,695.6	10,632.1
Min	101,440.4	2.00	202,880.8	156.0	1.16	235,341.7	7,566.4
Main lode only, cut to surface and 20m
	Cut Vol	SG	tonnes	sample m	grade	grams	Oz.
Max	120,062.2	2.00	240,124.4	62.0	1.54	369,791.6	11,889.1
Min	120,062.2	2.00	240,124.4	156.0	1.16	278,544.3	8,955.4
Main lode only, cut to surface and 24m
	Cut Vol	SG	tonnes	sample m	grade	grams	Oz.
Max	144,710.9	2.00	289,421.8	92.0	1.35	390,719.4	12,561.9
Min	144,710.9	2.00	289,421.8	156.0	1.16	335,729.3	10,793.9

Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR

Annual Report ERL 116 – Mount Porter For the period 12/9/95 to 12/9/96 Report No 1996/24

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Mt. Porter North Highlights:

• High grade drill intercepts

• West limb exposed at surface

• 350m north of Mt. Porter

• 4m @ 43.05 g/t Au (1.55m @ 43.05 g/t Au True Thickness)

• 8m @ 8.38 g/t Au (7.4m @ 8.38 g/t Au True Thickness)

• 2m @ 5.2 g/t Au (2.01m @ 5.2 g/t Au True Thickness)

• 10m @ 1.56 g/t Au (9.89 @ 1.56 g/t Au True Thickness)

• Stong Au soil geochemical anomoly

• Strong As soil geochemical anomoly

[Page End]

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Figure 1 Location of Arks Tenements, haul road and Mine locations

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Figure 2 Cross section of the 10000 zone 400 m south of Mt Porter Mine site

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Table 1: Significant Intercepts 10,000m N Section

Spatial Data	Spatial Data	Spatial Data	Intercept Data	Intercept Data	Intercept Data
BHID Easting (m) Northing (m) Elevation (m) Azimuth (degrees) Dip (degrees) EOH (m)			Method Section Label From (m) To (m) Interval (m) True Thickness(m) Raw Au Grade (Au g/t) Topcut 20 g/t Au Grade (Au g/t)
MPRC068	9988.0 10003.0 546.7	90 60 60	RC A	10 12 2	1.83 1.12 1.12
MPOP035	10047.7 10004.6 526.9	90 60 51	OP nil
MPOP036	10089.1 10006.7 520.2	90 60 49	OP B	25 35 10	9.82 1.15 1.15
			D	41 43 2	1.85 1.03 1.03
			nil	47 49 2	1.90 0.93 0.93
MPOP037	10124.5 10004.2 515.8	91 60 49	OP C including E F	2 11 9 5 9 4 31 33 2 43 47 4	8.83 1.55 1.55 3.80 2.69 2.69 1.87 0.61 0.61 3.81 0.56 0.56
MPOP045	10160.9 10004.8 512.0	270 60 59	OP nil
MPOP038	10164.8 10002.7 511.5	97 60 49	OP G H	15 17 2 21 23 2	1.93 0.74 0.74 1.90 1.03 1.03
MPOP046	10198.5 9995.3 507.8	90 60 59	OP nil
MPOP039	10202.8 9997.0 507.6	90 60 48	OP nil
MPOP040	10249.4 10015.6 499.7	90 60 50	OP nil
MPOP041	10286.9 10010.7 494.7	90 60 45	OP nil

Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter For the period 12/9/95 to 12/9/96 Report No 1996/24

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Figure 3 Plan view of Mt Porter South main lode solid mineralisation model (pink below ground, green at surface), including the Mt Porter Pit design (brown) and orebody wireframe (red). Existing drill traces are shown with colour code for gold assay values.

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Figure 4 Long sectional view of Mt Porter South main lode solid mineralisation model (pink below ground, green at surface). Existing drill traces are shown with colour code for gold assay values.

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Figure 5 Isometric view of Mt Porter South main lode solid mineralisation model (pink below ground, green at surface). Existing drill traces are shown with colour code for gold assay values. The red place in an inferred fault cut to topography. The Mt Porter 10,000m Nth section interpretation (see Figure 2) is draped into the view to provide lithological context.

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Figure 6 Isometric view of Mt Porter South main lode solid mineralisation model as per figure 5, but showing wire frame minor lode and major lode construction geometry to illustrate data continuity.

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Figure 7 Cross section of 10800 400 m North of Mt Porter

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Table 2: Significant Intercepts 10,800m N Section

Spatial Data	Spatial Data	Spatial Data	Intercept Data	Intercept Data	Intercept Data
BHID Easting (m) Northing (m) Elevation (m) Azimuth (degrees) Dip (degrees) EOH (m)			Method Section Label From (m) To (m) Interval (m) True Thickness(m) Raw Au Grade (Au g/t) Top Cut 20 g/t Au Grade (Au g/t)
MPRC089	10000.0 10814.0 563.2	90 60 90	RC A B including H K	36 38 2 54 62 8 54 58 4 64 66 2 78 82 4	1.68 1.46 1.46 7.40 8.38 8.37 3.89 14.35 14.35 1.87 1.01 1.01 3.73 0.53 0.53
MPRC082	10049.0 10814.0 550.8	270 60 40	RC D	24 28 4	1.51 1.14 1.14
			C	36 40 4	1.55 43.05 20.0
MPRC081	10057.0 10814.0 550.5	90 60 60	RC E including I L	2 12 10 8 12 4 14 18 4 40 42 2	9.89 1.56 1.56 3.98 3.03 3.03 4.03 1.63 1.63 2.47 0.58 0.58
MPRC092	10101.0 10814.0 539.0	270 60 60	RC F	0 2 2	2.00 2.28 2.28
			J	6 8 2	2.01 5.20 5.20
			M	44 46 2	1.38 1.46 1.46
MPRC103	10143.0 10814.0 526.1	270 60 100	RC G	0 6 6	5.92 1.39 1.39 2.06 0.54 0.54
			N	68 70 2

Information Sourced from the Open Files at the NT Mines Department Homestake Gold Australia AR Annual Report ERL 116 – Mount Porter For the period 12/9/95 to 12/9/96 Report No 1996/24

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Figure 8 Mt Porter anticline Geochemical, magnetic, and drilling targets

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Figure 9 Ark Structural targets

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Figure 10 Drill collar locations

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JORC Code, 2012 Edition – Table 1 – Mount Porter Prospect – ML 23839 – Drilling Results – JORC 2012 Section 1 Sampling Techniques and Data

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

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sampling		Nature and quality of sampling (e.g. cut channels,		For all holes prefixed MPOP, drilling was carried out by open
techniques		random chips, or specific specialised industry		hole percussion (OP) with drill cuttings collected over two
		standard measurement tools appropriate to the		metre intervals. For all holes prefixed MPRC, drilling was
		minerals under investigation, such as down hole		carried out by reverse circulation (RC) with drill cuttings
		gamma sondes, or handheld XRF instruments,		collected over two metre intervals.
		etc.). These examples should not be taken as		Samples were passed through a cyclone and riffle splitter in
		limiting the broad meaning of sampling.		order to obtain a larger sample collected in a plastic bag, and a
		Include reference to measures taken to ensure		smaller representative sample weighing approximately 3kg
		sample representivity and the appropriate		collected in a calico bag for each two metres drilled. Field
		calibration of any measurement tools or systems		duplicates were produced at an average rate of 1 in 10
		used.		samples, by passing primary sample through a riffle splitter.
		Aspects of the determination of mineralisation that		All 3kg interval samples were submitted to the laboratory,
		are Material to the Public Report.		pulverised to produce a 50g charge for fire assay and then
		In cases where ‘industry standard’ work has been		analysed for gold. Field duplicates were submitted to the
		done this would be relatively simple (eg ‘reverse		laboratory within the sample sequence. Field standards were
		circulation drilling was used to obtain 1 m		not inserted into the original sample sequence but instead
		samples from which 3 kg was pulverised to		industry standard Gannett standards for a range of values
		produce a 30 g charge for fire assay’). In other		were used with each laboratory job.
		cases more explanation may be required, such as		Each sample collected was noted qualitatively for moisture
		where there is coarse gold that has inherent		content with the vast majority of samples collected being
		sampling problems. Unusual commodities or		essentially dry.
		mineralisation types (eg submarine nodules) may
		warrant disclosure of detailed information.
Drilling		Drill type (eg core, reverse circulation, open-hole		Gaden Drilling was contracted to undertake OP drilling.
techniques		hammer, rotary air blast, auger, Bangka, sonic,		Civil Drilling was contracted to undertake RC drilling.
		etc) and details (eg core diameter, triple or		Drilling was completed using a 5 3/8 inch (13.562cm) face
		standard tube, depth of diamond tails, face-		sampling hammer.
		sampling bit or other type, whether core is oriented and if so, by what method, etc).		All drilling was inclined at 60 degrees (refer Table 3 for details). No downhole surveys were undertaken for this
				program.
Drill sample		Method of recording and assessing core and chip		A visual estimate of percentage recovery was made for each
recovery		sample recoveries and results assessed.		two metres drilled.
		Measures taken to maximise sample recovery		Each sample was qualitatively logged for moisture content and
		and ensure representative nature of the samples.		sample size consistency of the smaller calico bag sample
		Whether a relationship exists between sample		continuously monitored while drilling.
		recovery and grade and whether sample bias may
		have occurred due to preferential loss/gain of
		fine/coarse material.
Logging		Whether core and chip samples have been		All drill cuttings qualitatively logged and representative cuttings
		geologically and geotechnically logged to a level		collected in chip trays on two metre intervals.
		of detail to support appropriate Mineral Resource		Qualitative logging includes colour, lithology, description,
		estimation, mining studies and metallurgical		weathering, alteration and mineralisation.
		studies.		Each hole was logged over the entire interval drilled.
		Whether logging is qualitative or quantitative in
		nature. Core (or costean, channel, etc)
		photography.
		The total length and percentage of the relevant
		intersections logged.
Sub-sampling		If core, whether cut or sawn and whether quarter,		See sampling section for a description of sampling and
techniques and		half or all core taken.		duplicate sampling techniques.
sample		If non-core, whether riffled, tube sampled, rotary		Duplicate samples were taken using the same riffle splitting
preparation		split, etc and whether sampled wet or dry.		method as collected from the drilling rig when the holes were
		For all sample types, the nature, quality and		drilled.
		appropriateness of the sample preparation		Duplicate sample results for a range of assay values indicate
		technique.		that original assay results are largely reproducible, with no
		Quality controlprocedures adopted for all sub-		obvious sample bias.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		sampling stages to maximise representivity of		The nature, quality and appropriateness of the sampling
		samples.		technique are considered adequate for the style of
		Measures taken to ensure that the sampling is		mineralisation.
		representative of the in situ material collected,		Sample sizes are considered appropriate for the nature and
		including for instance results for field		grain size of the gold mineralisation intersected.
		duplicate/second-half sampling.
		Whether sample sizes are appropriate to the grain
		size of the material being sampled.
Quality of assay		The nature, quality and appropriateness of the		A certified and accredited laboratory, Australian Assay
data and		assaying and laboratory procedures used and		Laboratory (AAL) was used for all assays.
laboratory tests		whether the technique is considered partial or		Samples were analysed utilising the industry standard fire
		total.		assay technique, using a 50g charge and ICP-AAS finish
		For geophysical tools, spectrometers, handheld		(0.01ppm detection limit). All assays over 1 ppm have been
		XRF instruments, etc, the parameters used in		routinely re-assayed at least once and in some cases twice to
		determining the analysis including instrument		establish acceptable levels of accuracy and precision.
		make and model, reading times, calibrations		Internal certified QA/QC is carried out by AAL. In addition,
		factors applied and their derivation, etc.		industry standard Gannett standards for a range of values
		Nature of quality control procedures adopted (eg		were used with each laboratory job, included at the end of
		standards, blanks, duplicates, external laboratory		each sample sequence.
		checks) and whether acceptable levels of
		accuracy (i.e. lack of bias) and precision have
		been established.
Verification of		The verification of significant intersections by		Primary data is verified on paper reports certified by the
sampling and		either independent or alternative company		laboratory and significant intersections initially calculated by
assaying		personnel.		direct reference to the drill logs produced in the field. The data
		The use of twinned holes.		is then entered into Excel spreadsheets for further processing
		Documentation of primary data, data entry		and cross validation checks.
		procedures, data verification, data storage		No adjustment has been made to the data except replacing L
		(physical and electronic) protocols.		for gold assays <0.01ppm with a numerical value of 0.005,
		Discuss any adjustment to assay data.		equating to half the assay method detection limit.
Location of data		Accuracy and quality of surveys used to locate		All co-ordinates are recorded in Local Mine Grid, using
points		drill holes (collar and down-hole surveys),		Differential GPS (dGPS).
		trenches, mine workings and other locations used		Local Mine Grid was established by appropriately qualified
		in Mineral Resource estimation.		surveyors using established control points and Total Station
		Specification of the grid system used.		survey, with validation using high accuracy (20mm) Real Time
		Quality and adequacy of topographic control.		Kinematic (RTK) GPS.
				Accurate conversion parameters between Local Mine Grid and
				national Grid GDA94 MGA Zone 52 were established by
				appropriately qualified surveyors and validated using
				RTKGPS.
				Drill hole collar locations were established using hand held
				GPS, then surveyed by appropriately qualified surveyors post
				drilling, to provide suitably accurate spatial control for each drill
				hole. Surveyors provided easting, northing and elevation
				coordinates in both local and national grids to an accuracy of
				at least ± 1-2m and RLs within approximately ± 0.1-0.2m.
				Due to the commonly shallow depths of the holes (average
				<60m) no downhole surveys were carried out for the program.
Data spacing and		Data spacing for reporting of Exploration Results.		Line spacing between drilling lines is approximately 50m ±5.
distribution		Whether the data spacing and distribution is		Collar spacing on drilling lines is approximately 50m ±5.
		sufficient to establish the degree of geological and		The data spacing is adequate for the current exploration stage
		grade continuity appropriate for the Mineral		of the prospects, and to guide further drilling.
		Resource and Ore Reserve estimation		No sample compositing has been carried out for the current
		procedure(s) and classifications applied.		program (see above).
		Whether sample compositing has been applied.
Orientation of		Whether the orientation of sampling achieves		The south target drilling program has been designed to identify
data in relation to		unbiased sampling of possible structures and the		and intersect moderately west dipping lode structures with
geological		extent to which this is known, considering the		easterly directed holes at inclinations of 60° and it is
structure		deposit type.		considered that this provides a consistent unbiased result.
		If the relationship between the drilling orientation		Limited numbers of westerly directed holes have not biased
		and the orientation of key mineralised structures		interpretation (see Figure 3).
		is considered to have introduced a sampling bias,		The north target drilling program has been designed to identify
		this should be assessed and reported if material.		and intersect moderately west dipping lodes on a western fold
				limb using easterly directed holes with an inclination of
				approximately 60°, and shallow east dipping lodes on an
				eastern fold limb using westerly directed holes with an
				inclination of approximately 60°. Limited numbers of westerly
				directed holes on the western limb have not biased
				interpretation(see Figure 1),and it is considered that this

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				provides a consistent unbiased result.
				As the drilling orientation has been appropriate with respect to
				the lode orientation which is predictable at this stage of
				exploration, it is not considered that a sampling bias has been
				introduced.
Sample security		The measures taken to ensure sample security.		Sample numbers were recorded on the drill logs against the
				logged interval at the time of sampling by Rension Goldfields
				Consolidated Exploration Pty Ltd (RGC Exploration)
				personnel. Sample intervals sent to the laboratory have been
				collected in individually numbered calico bags and then loaded
				into large plastic bags annotated with the sample sequence.
				These bags have then been transported directly from the drill
				site to the AAL laboratory in Pine Creek by RGC Exploration
				personnel.
				Coarse residue and assay pulps were securely stored at the
				AAL laboratory in Pine Creek.
Audits or reviews		The results of any audits or reviews of sampling		No audits or reviews undertaken at this stage of the
		techniques and data.		exploration program.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral tenement		Type, reference name/number, location and		All results pertaining to the current program are from ML
and land tenure		ownership including agreements or material		23839, recently purchased by AHK and soon to complete.
status		issues with third parties such as joint ventures,		ML 23839 is located on PL 815/ Mary River West Station.
		partnerships, overriding royalties, native title		AHK has consulted with the Traditional Owners (TOs) of ML
		interests, historical sites, wilderness or national		23839, the Jaywon People on cultural heritage and the TOs
		park and environmental settings.		have been kept informed of exploration activities carried out by
		The security of the tenure held at the time of		AHK.
		reporting along with any known impediments to
		obtaining a licence to operate in the area.
Exploration done		Acknowledgment and appraisal of exploration by		The exploration work referred to in this announcement was
by other parties		other parties.		carried out by Rension Goldfields Consolidated Exploration Pty
				Ltd including open hole percussion drilling in 1989 and
				reverse circulation drilling in 1989 and 1990.
Geology		Deposit type, geological setting and style of		The drilling has targeted shallow to moderately dipping quartz
		mineralisation.		vein associated saddle lode mineralisation on both east and
				west limbs of the north northwest trending Mount Porter
				Anticline, within the low grade meta-pelites of the Koolpin
				Formation and the Zamu Dolerite. The Mount Porter Anticline
				is close to isoclinal and has a shallow northerly plunge. The
				Palaeoproterozoic Koolpin formation is dominated by lower
				greenschist facies meta-mud and meta-silt stones with
				sulphide facies banded iron formation horizons. The
				Palaeoproterozoic Zamu Dolerite is fine to medium grained
				gabbroic intrusive emplaced as regionally extensive sills within
				the Koolpin Formation. The Southern Target is approximately
				280m along strike to the south of the AHK Mount Porter
				Resource. The Northern Target is approximately 260m along
				strike to the north of the AHK Mount Porter Resource.
Drill hole		A summary of all information material to the		All drill hole information is retained in the AHK database and
Information		understanding of the exploration results including		full drill hole details are shown in Table 3 accompanying this
		a tabulation of the following information for all		document.
		Material drill holes:		No material information is excluded.
		o easting and northing of the drill hole collar
		o elevation or RL (Reduced Level – elevation
		above sea level in metres) of the drill hole
		collar
		o dip and azimuth of the hole
		o down hole length and interception depth
		o hole length.
		If the exclusion of this information is justified on
		the basis that the information is not Material and

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		this exclusion does not detract from the
		understanding of the report, the Competent
		Person should clearly explain why this is the
		case.
Data aggregation		In reporting Exploration Results, weighting		In reporting of mineralised intercepts quoted in this
methods		averaging techniques, maximum and/or minimum		announcement, these are shown both with and without top
		grade truncations (eg cutting of high grades) and		cuts, using standard length weighted averaging techniques
		cut-off grades are usually Material and should be		with a maximum internal dilution of two metres, non-
		stated.		consecutive for mineralised intervals stated > 0.5 g/t gold.
		Where aggregate intercepts incorporate short		The top-cut applied in table 1 and 2 was statistically
		lengths of high grade results and longer lengths of		determined at 20 g/t gold, the raw grade in table 1 and 2 is the
		low grade results, the procedure used for such		uncut grade over the same intercept.
		aggregation should be stated and some typical		Higher grade results, generally over 2m lengths within longer
		examples of such aggregations should be shown		lengths of lower grade results are indicated where considered
		in detail.		significant (refer Tables 1 and 2).
		The assumptions used for any reporting of metal		There are no metal equivalents reported.
		equivalent values should be clearly stated.
Relationship		These relationships are particularly important in		For each intercept, intercepts quoted are as both downhole
between		the reporting of Exploration Results.		widths with the drill holes angles at 60°, and as true thickness
mineralisation		If the geometry of the mineralisation with respect		based on the sectional interpretation of lode geometry as
widths and		to the drill hole angle is known, its nature should		represented in Figures 2 and 7.
intercept lengths		be reported.		The geometry of the mineralisation relative to drill hole angle is
		If it is not known and only the down hole lengths		shown in Figures 2 and 7.
		are reported, there should be a clear statement to
		this effect (eg ‘down hole length, true width not
		_known’). _
Diagrams		Appropriate maps and sections (with scales) and		See Figures 10, showing drill hole locations
		tabulations of intercepts should be included for
		any significant discovery being reported These
		should include, but not be limited to a plan view of
		drill hole collar locations and appropriate sectional
		views.
Balanced		Where comprehensive reporting of all Exploration		Table 3 accompanying this document also describes targeted
reporting		Results is not practicable, representative		sub-economic mineralised gold intercepts.
		reporting of both low and high grades and/or
		widths should be practiced to avoid misleading
		reporting of Exploration Results.
Other substantive		Other exploration data, if meaningful and material,		Earlier geomagnetic, rock chip, soil and trench sampling
exploration data		should be reported including (but not limited to):		results have been incorporated into targeting the current
		geological observations; geophysical survey		drilling (see Figure 8 and 9), and contribute to the geological
		results; geochemical survey results; bulk samples		understanding and interpretation, but do not inform the
		– size and method of treatment; metallurgical test		reported intercepts.
		results; bulk density, groundwater, geotechnical		From targeting shallow, easily mineable gold mineralisation the
		and rock characteristics; potential deleterious or		depth of partial oxidation has been observed down to 20-40m
		contaminating substances.		vertical depth.
				Water table is variable depending on topographic height but
				generally in the range of 40-50m downhole depth.
Further work		The nature and scale of planned further work (eg		Further work is in planning for both North and South Targets,
		tests for lateral extensions or depth extensions or		based on staged infill drilling the currently drill 50m by 50m
		large-scale step-out drilling).		grid to provide greater definition and continuity along and
		Diagrams clearly highlighting the areas of		across strike, and extension drilling aligned to mapping and
		possible extensions, including the main geological		mineralisation modelling to take in the extents of the targets.
		interpretations and future drilling areas, provided		Assaying on infill drilling will incorporate density and waste
		this information is not commercially sensitive.		rock characterisation work preparatory for mine planning.

==> picture [118 x 51] intentionally omitted <==

Table 3: Drilling Data 10,800m N & 10,000m N Sections

Spatial Data	Spatial Data	Spatial Data	Intercept Data
BHID Easting (m) Northing (m) Elevation (m) Azimuth (degrees) Dip (degrees) EOH (m)			Method From (m) To (m) Interval (m)	Raw Au Grade (Aug/t)
MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP035 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036	10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10047.7 10004.6 526.9 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2	90 60 51 OP 0 2 2 90 60 51 OP 2 5 3 90 60 51 OP 5 7 2 90 60 51 OP 7 9 2 90 60 51 OP 9 11 2 90 60 51 OP 11 13 2 90 60 51 OP 13 15 2 90 60 51 OP 15 17 2 90 60 51 OP 17 19 2 90 60 51 OP 19 21 2 90 60 51 OP 21 23 2 90 60 51 OP 23 25 2 90 60 51 OP 25 27 2 90 60 51 OP 27 29 2 90 60 51 OP 29 31 2 90 60 51 OP 31 33 2 90 60 51 OP 33 35 2 90 60 51 OP 35 37 2 90 60 51 OP 37 39 2 90 60 51 OP 39 41 2 90 60 51 OP 41 43 2 90 60 51 OP 43 45 2 90 60 51 OP 45 47 2 90 60 51 OP 47 49 2 90 60 51 OP 49 51 2 90 60 49 OP 0 2 2 90 60 49 OP 2 5 3 90 60 49 OP 5 7 2 90 60 49 OP 7 9 2 90 60 49 OP 9 11 2 90 60 49 OP 11 13 2 90 60 49 OP 13 15 2 90 60 49 OP 15 17 2 90 60 49 OP 17 19 2 90 60 49 OP 19 21 2 90 60 49 OP 21 23 2 90 60 49 OP 23 25 2 90 60 49 OP 25 27 2 90 60 49 OP 27 29 2 90 60 49 OP 29 31 2		0.005 0.08 0.15 0.04 0.02 0.09 0.08 0.11 0.02 0.07 0.07 0.06 0.03 0.02 0.02 0.01 0.01 0.04 0.06 0.02 0.02 0.03 0.02 0.01 0.01 0.005 0.1 0.04 0.37 0.06 0.03 0.03 0.35 0.23 0.15 0.08 0.1 0.78 0.72 1.16

==> picture [118 x 51] intentionally omitted <==

MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP036 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP037 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038	10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10089.1 10006.7 520.2 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10124.5 10004.2 515.8 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5	90 60 49 OP 31 33 2 1.76 90 60 49 OP 33 35 2 1.33 90 60 49 OP 35 37 2 0.46 90 60 49 OP 37 39 2 0.39 90 60 49 OP 39 41 2 0.36 90 60 49 OP 41 43 2 1.03 90 60 49 OP 43 45 2 0.49 90 60 49 OP 45 47 2 0.42 90 60 49 OP 47 49 2 0.93 91 60 49 OP 0 2 2 0.005 91 60 49 OP 2 5 3 0.65 91 60 49 OP 5 7 2 2.58 91 60 49 OP 7 9 2 2.8 91 60 49 OP 9 11 2 0.63 91 60 49 OP 11 13 2 0.32 91 60 49 OP 13 15 2 0.16 91 60 49 OP 15 17 2 0.21 91 60 49 OP 17 19 2 0.12 91 60 49 OP 19 21 2 0.11 91 60 49 OP 21 23 2 0.04 91 60 49 OP 23 25 2 0.005 91 60 49 OP 25 27 2 0.21 91 60 49 OP 27 29 2 0.29 91 60 49 OP 29 31 2 0.14 91 60 49 OP 31 33 2 0.61 91 60 49 OP 33 35 2 0.45 91 60 49 OP 35 37 2 0.41 91 60 49 OP 37 39 2 0.28 91 60 49 OP 39 41 2 0.09 91 60 49 OP 41 43 2 0.16 91 60 49 OP 43 45 2 0.55 91 60 49 OP 45 47 2 0.56 91 60 49 OP 47 49 2 0.28 97 60 49 OP 0 2 2 0.005 97 60 49 OP 2 5 3 0.07 97 60 49 OP 5 7 2 0.02 97 60 49 OP 7 9 2 0.01 97 60 49 OP 9 11 2 0.03 97 60 49 OP 11 13 2 0.08 97 60 49 OP 13 15 2 0.2 97 60 49 OP 15 17 2 0.74 97 60 49 OP 17 19 2 0.24 97 60 49 OP 19 21 2 0.46 97 60 49 OP 21 23 2 1.03 97 60 49 OP 23 25 2 0.19

==> picture [118 x 51] intentionally omitted <==

MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP038 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP039 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040	10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10164.8 10002.7 511.5 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10202.8 9997.0 507.6 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7	97 60 49 OP 25 27 2 0.02 97 60 49 OP 27 29 2 0.05 97 60 49 OP 29 31 2 0.04 97 60 49 OP 31 33 2 0.01 97 60 49 OP 33 35 2 0.005 97 60 49 OP 35 37 2 0.01 97 60 49 OP 37 39 2 0.005 97 60 49 OP 39 41 2 0.01 97 60 49 OP 41 43 2 0.01 97 60 49 OP 43 45 2 0.06 97 60 49 OP 45 47 2 0.04 97 60 49 OP 47 49 2 0.03 90 60 48 OP 0 2 2 0.005 90 60 48 OP 2 5 3 0.07 90 60 48 OP 5 7 2 0.05 90 60 48 OP 7 9 2 0.02 90 60 48 OP 9 11 2 0.01 90 60 48 OP 11 13 2 0.03 90 60 48 OP 13 15 2 0.02 90 60 48 OP 15 17 2 0.005 90 60 48 OP 17 19 2 0.02 90 60 48 OP 19 21 2 0.01 90 60 48 OP 21 23 2 0.01 90 60 48 OP 23 25 2 0.005 90 60 48 OP 25 27 2 0.005 90 60 48 OP 27 29 2 0.005 90 60 48 OP 29 31 2 0.005 90 60 48 OP 31 33 2 0.005 90 60 48 OP 33 35 2 0.005 90 60 48 OP 35 37 2 0.005 90 60 48 OP 37 39 2 0.005 90 60 48 OP 39 41 2 0.05 90 60 48 OP 41 43 2 0.05 90 60 48 OP 43 45 2 0.005 90 60 48 OP 45 47 2 0.005 90 60 48 OP 47 48 1 0.005 90 60 50 OP 0 2 2 0.005 90 60 50 OP 2 5 3 0.03 90 60 50 OP 5 7 2 0.01 90 60 50 OP 7 9 2 0.005 90 60 50 OP 9 11 2 0.005 90 60 50 OP 11 13 2 0.005 90 60 50 OP 13 15 2 0.005 90 60 50 OP 15 17 2 0.005 90 60 50 OP 17 19 2 0.005

==> picture [118 x 51] intentionally omitted <==

MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP040 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP041 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045	10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10249.4 10015.6 499.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10286.9 10010.7 494.7 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0	90 60 50 OP 19 22 3 0.02 90 60 50 OP 22 25 3 0.17 90 60 50 OP 25 28 3 0.2 90 60 50 OP 28 30 2 0.09 90 60 50 OP 30 32 2 0.1 90 60 50 OP 32 34 2 0.08 90 60 50 OP 34 36 2 0.03 90 60 50 OP 36 38 2 0.02 90 60 50 OP 38 40 2 0.02 90 60 50 OP 40 42 2 0.03 90 60 50 OP 42 44 2 0.01 90 60 50 OP 44 46 2 0.02 90 60 50 OP 46 48 2 0.03 90 60 50 OP 48 50 2 0.01 90 60 45 OP 0 2 2 0.005 90 60 45 OP 2 5 3 0.05 90 60 45 OP 5 7 2 0.34 90 60 45 OP 7 9 2 0.05 90 60 45 OP 9 11 2 0.07 90 60 45 OP 11 17 6 0.07 90 60 45 OP 17 19 2 0.07 90 60 45 OP 19 21 2 0.06 90 60 45 OP 21 23 2 0.05 90 60 45 OP 23 25 2 0.03 90 60 45 OP 25 27 2 0.03 90 60 45 OP 27 29 2 0.03 90 60 45 OP 29 31 2 0.02 90 60 45 OP 31 33 2 0.01 90 60 45 OP 33 35 2 0.03 90 60 45 OP 35 37 2 0.02 90 60 45 OP 37 39 2 0.02 90 60 45 OP 39 41 2 0.02 90 60 45 OP 41 43 2 0.02 90 60 45 OP 43 45 2 0.01 270 60 59 OP 0 2 2 0.005 270 60 59 OP 2 5 3 0.02 270 60 59 OP 5 7 2 0.005 270 60 59 OP 7 9 2 0.02 270 60 59 OP 9 11 2 0.005 270 60 59 OP 11 13 2 0.005 270 60 59 OP 13 15 2 0.005 270 60 59 OP 15 17 2 0.005 270 60 59 OP 17 19 2 0.005 270 60 59 OP 19 21 2 0.01 270 60 59 OP 21 23 2 0.005

==> picture [118 x 51] intentionally omitted <==

MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP045 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPOP046 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068	10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10160.9 10004.8 512.0 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 10198.5 9995.3 507.8 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7	270 60 59 OP 23 25 2 0.005 270 60 59 OP 25 27 2 0.005 270 60 59 OP 27 29 2 0.005 270 60 59 OP 29 31 2 0.005 270 60 59 OP 31 33 2 0.005 270 60 59 OP 33 35 2 0.01 270 60 59 OP 35 37 2 0.005 270 60 59 OP 37 39 2 0.005 270 60 59 OP 39 41 2 0.01 270 60 59 OP 41 43 2 0.005 270 60 59 OP 43 45 2 0.005 270 60 59 OP 45 47 2 0.01 270 60 59 OP 47 49 2 0.005 270 60 59 OP 49 51 2 0.01 270 60 59 OP 51 53 2 0.36 270 60 59 OP 53 55 2 0.12 270 60 59 OP 55 57 2 0.25 270 60 59 OP 57 59 2 0.12 90 60 59 OP 0 2 2 0.005 90 60 59 OP 2 5 3 0.08 90 60 59 OP 5 7 2 0.005 90 60 59 OP 7 9 2 0.005 90 60 59 OP 9 11 2 0.02 90 60 59 OP 11 13 2 0.005 90 60 59 OP 13 15 2 0.005 90 60 59 OP 15 17 2 0.005 90 60 59 OP 17 19 2 0.005 90 60 59 OP 19 20 1 0.01 90 60 59 OP 20 23 3 0.005 90 60 59 OP 23 27 4 0.005 90 60 59 OP 27 31 4 0.005 90 60 59 OP 31 35 4 0.005 90 60 59 OP 35 39 4 0.005 90 60 59 OP 39 43 4 0.005 90 60 59 OP 43 47 4 0.005 90 60 59 OP 47 51 4 0.005 90 60 59 OP 52 55 3 0.005 90 60 59 OP 55 59 4 0.005 90 60 60 RC 0 2 2 0.01 90 60 60 RC 2 4 2 0.1 90 60 60 RC 4 6 2 0.16 90 60 60 RC 6 8 2 0.14 90 60 60 RC 8 10 2 0.16 90 60 60 RC 10 12 2 1.12 90 60 60 RC 12 14 2 0.14

==> picture [118 x 51] intentionally omitted <==

MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC068 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081	9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 9988.0 10003.0 546.7 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5	90 60 60 RC 14 16 2 0.02 90 60 60 RC 16 18 2 0.06 90 60 60 RC 18 20 2 0.04 90 60 60 RC 20 22 2 0.04 90 60 60 RC 22 24 2 0.005 90 60 60 RC 24 26 2 0.005 90 60 60 RC 26 28 2 0.02 90 60 60 RC 28 30 2 0.005 90 60 60 RC 30 32 2 0.06 90 60 60 RC 32 34 2 0.005 90 60 60 RC 34 36 2 0.005 90 60 60 RC 36 38 2 0.005 90 60 60 RC 38 40 2 0.005 90 60 60 RC 40 42 2 0.005 90 60 60 RC 42 44 2 0.005 90 60 60 RC 44 46 2 0.005 90 60 60 RC 46 48 2 0.005 90 60 60 RC 48 50 2 0.005 90 60 60 RC 50 52 2 0.005 90 60 60 RC 52 54 2 0.005 90 60 60 RC 54 56 2 0.005 90 60 60 RC 56 58 2 0.005 90 60 60 RC 58 60 2 0.005 90 60 60 RC 0 2 2 0.34 90 60 60 RC 2 4 2 0.6 90 60 60 RC 4 6 2 0.5 90 60 60 RC 6 8 2 0.66 90 60 60 RC 8 10 2 2.9 90 60 60 RC 10 12 2 3.16 90 60 60 RC 12 14 2 0.62 90 60 60 RC 14 16 2 0.88 90 60 60 RC 16 18 2 2.38 90 60 60 RC 18 20 2 0.18 90 60 60 RC 20 22 2 0.1 90 60 60 RC 22 24 2 0.05 90 60 60 RC 24 26 2 0.005 90 60 60 RC 26 28 2 0.005 90 60 60 RC 28 30 2 0.005 90 60 60 RC 30 32 2 0.005 90 60 60 RC 32 34 2 0.1 90 60 60 RC 34 36 2 0.3 90 60 60 RC 36 38 2 0.3 90 60 60 RC 38 40 2 0.2 90 60 60 RC 40 42 2 0.58 90 60 60 RC 42 44 2 0.42

==> picture [118 x 51] intentionally omitted <==

MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC081 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC082 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089	10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10057.0 10814.0 550.5 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10049.0 10814.0 550.8 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2	90 60 60 RC 44 46 2 0.18 90 60 60 RC 46 48 2 0.42 90 60 60 RC 48 50 2 0.03 90 60 60 RC 50 52 2 0.02 90 60 60 RC 52 54 2 0.005 90 60 60 RC 54 56 2 0.005 90 60 60 RC 56 58 2 0.005 90 60 60 RC 58 60 2 0.005 270 60 40 RC 0 2 2 0.36 270 60 40 RC 2 4 2 0.34 270 60 40 RC 4 6 2 0.08 270 60 40 RC 6 8 2 0.12 270 60 40 RC 8 10 2 0.18 270 60 40 RC 10 12 2 0.36 270 60 40 RC 12 14 2 0.12 270 60 40 RC 14 16 2 0.16 270 60 40 RC 16 18 2 0.36 270 60 40 RC 18 20 2 0.24 270 60 40 RC 20 22 2 0.2 270 60 40 RC 22 24 2 0.06 270 60 40 RC 24 26 2 1.22 270 60 40 RC 26 28 2 1.06 270 60 40 RC 28 30 2 0.32 270 60 40 RC 30 32 2 0.18 270 60 40 RC 32 34 2 0.18 270 60 40 RC 34 36 2 0.005 270 60 40 RC 36 38 2 42.6 270 60 40 RC 38 40 2 43.5 90 60 90 RC 0 2 2 0.01 90 60 90 RC 2 4 2 0.005 90 60 90 RC 4 6 2 0.005 90 60 90 RC 6 8 2 0.01 90 60 90 RC 8 10 2 0.005 90 60 90 RC 10 12 2 0.02 90 60 90 RC 12 14 2 0.1 90 60 90 RC 14 16 2 0.02 90 60 90 RC 16 18 2 0.04 90 60 90 RC 18 20 2 0.02 90 60 90 RC 20 22 2 0.08 90 60 90 RC 22 24 2 0.005 90 60 90 RC 24 26 2 0.005 90 60 90 RC 26 28 2 0.04 90 60 90 RC 28 30 2 0.01 90 60 90 RC 30 32 2 0.08 90 60 90 RC 32 34 2 0.08

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MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC089 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092	10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10000.0 10814.0 563.2 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0	90 60 90 RC 34 36 2 0.16 90 60 90 RC 36 38 2 1.46 90 60 90 RC 38 40 2 0.46 90 60 90 RC 40 42 2 0.06 90 60 90 RC 42 44 2 0.04 90 60 90 RC 44 46 2 0.005 90 60 90 RC 46 48 2 0.005 90 60 90 RC 48 50 2 0.02 90 60 90 RC 50 52 2 0.04 90 60 90 RC 52 54 2 0.06 90 60 90 RC 54 56 2 13.1 90 60 90 RC 56 58 2 15.6 90 60 90 RC 58 60 2 3.48 90 60 90 RC 60 62 2 1.32 90 60 90 RC 62 64 2 0.46 90 60 90 RC 64 66 2 1 90 60 90 RC 66 68 2 0.08 90 60 90 RC 68 70 2 0.2 90 60 90 RC 70 72 2 0.16 90 60 90 RC 72 74 2 0.16 90 60 90 RC 74 76 2 0.46 90 60 90 RC 76 78 2 0.22 90 60 90 RC 78 80 2 0.5 90 60 90 RC 80 82 2 0.56 90 60 90 RC 82 84 2 0.12 90 60 90 RC 84 86 2 0.1 90 60 90 RC 86 88 2 0.02 90 60 90 RC 88 90 2 0.04 270 60 60 RC 0 2 2 2.28 270 60 60 RC 2 4 2 0.42 270 60 60 RC 4 6 2 0.38 270 60 60 RC 6 8 2 5.2 270 60 60 RC 8 10 2 0.32 270 60 60 RC 10 12 2 0.34 270 60 60 RC 12 14 2 0.32 270 60 60 RC 14 16 2 0.36 270 60 60 RC 16 18 2 0.2 270 60 60 RC 18 20 2 0.3 270 60 60 RC 20 22 2 0.04 270 60 60 RC 22 24 2 0.22 270 60 60 RC 24 26 2 0.4 270 60 60 RC 26 28 2 0.2 270 60 60 RC 28 30 2 0.32 270 60 60 RC 30 32 2 0.14 270 60 60 RC 32 34 2 0.14

==> picture [118 x 51] intentionally omitted <==

MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC092 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103 MPRC103	10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10101.0 10814.0 539.0 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1	270 60 60 RC 34 36 2 0.08 270 60 60 RC 36 38 2 0.01 270 60 60 RC 38 40 2 0.12 270 60 60 RC 40 42 2 0.04 270 60 60 RC 42 44 2 0.12 270 60 60 RC 44 46 2 1.46 270 60 60 RC 46 48 2 0.06 270 60 60 RC 48 50 2 0.005 270 60 60 RC 50 52 2 0.005 270 60 60 RC 52 54 2 0.02 270 60 60 RC 54 56 2 0.04 270 60 60 RC 56 58 2 0.02 270 60 60 RC 58 60 2 0.03 270 60 100 RC 0 2 2 0.96 270 60 100 RC 2 4 2 1.92 270 60 100 RC 4 6 2 1.3 270 60 100 RC 6 8 2 0.38 270 60 100 RC 8 10 2 0.18 270 60 100 RC 10 12 2 0.45 270 60 100 RC 12 14 2 0.05 270 60 100 RC 14 16 2 0.21 270 60 100 RC 16 18 2 0.36 270 60 100 RC 18 20 2 0.05 270 60 100 RC 20 22 2 0.33 270 60 100 RC 22 24 2 0.28 270 60 100 RC 24 26 2 0.1 270 60 100 RC 26 28 2 0.07 270 60 100 RC 28 30 2 0.06 270 60 100 RC 30 32 2 0.2 270 60 100 RC 32 34 2 0.01 270 60 100 RC 34 36 2 0.01 270 60 100 RC 36 38 2 0.06 270 60 100 RC 38 40 2 0.04 270 60 100 RC 40 42 2 0.03 270 60 100 RC 42 44 2 0.02 270 60 100 RC 44 46 2 0.01 270 60 100 RC 46 48 2 0.005 270 60 100 RC 48 50 2 0.005 270 60 100 RC 50 52 2 0.005 270 60 100 RC 52 54 2 0.005 270 60 100 RC 54 56 2 0.005 270 60 100 RC 56 58 2 0.005 270 60 100 RC 58 60 2 0.005 270 60 100 RC 60 62 2 0.005 270 60 100 RC 62 64 2 0.005

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10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1 10143.0 10814.0 526.1

270 60 100 RC 64 66 2 0.05 270 60 100 RC 66 68 2 0.06 270 60 100 RC 68 70 2 0.54 270 60 100 RC 70 72 2 0.06 270 60 100 RC 72 74 2 0.005 270 60 100 RC 74 76 2 0.01 270 60 100 RC 76 78 2 0.02 270 60 100 RC 78 80 2 0.05 270 60 100 RC 80 82 2 0.05 270 60 100 RC 82 84 2 0.04 270 60 100 RC 84 86 2 0.07 270 60 100 RC 86 88 2 0.08 270 60 100 RC 88 90 2 0.18 270 60 100 RC 90 92 2 0.12 270 60 100 RC 92 94 2 0.2 270 60 100 RC 94 96 2 0.08 270 60 100 RC 96 98 2 0.005 270 60 100 RC 98 100 2 0.08

10143.0 10814.0 526.1

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About Ark Mines

Ark Mines Ltd (ASX: AHK) is a publicly listed company with Gold Tenements in Northern Territory and New South Wales. Ark’s two Exploration Licences (ELs) in New South Wales (NSW) lie within the Lachlan Fold Belt. This area is the focus for significant Exploration in NSW and the epicentre of many major polymetallic and precious metal Mines.

FURTHER INFORMATION: Roger Jackson, Managing Director, Ark Mines Limited: +61400 408 550

The information in this announcement that relates to Exploration Results, Mineral Resources or Ore Reserves has been compiled by Roger Jackson BSc , Grad Dip Fin Man, Dip Ed, AICD, who is a Member of The Australasian Institute of Mining and Metallurgy and who has more than five years’ experience in the field of activity being reported on. Mr Jackson is a director of the Company. Mr Jackson 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Jackson consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.