==> picture [134 x 55] intentionally omitted <==

ASX Announcement

28 July 2015

AMENDMENT TO MGT INTERSECTS HIGH GRADE GOLD AT PYRAMID PROJECT

ASX CODE

Please note the below changes to the announcement “MGT Intersects High Grade Gold at Pyramid Project” which was lodged on 27[th] July 2015, has been amended for errors in Figures 2 and 3, and an error in the text on page 3.

The significant interval quoted in the figure for hole MGTRC016 has been corrected on Figure Two,

MGS

REGISTRY

Computershare

From:

• 35m @ 6.1 g/t Au (including 5m @ 3.71 g/t ) To:

SHARES ON ISSUE

318,157,040

35m @ 6.1 g/t Au (including 5m @ 37.1 g/t )

The significant interval quoted in the figure for hole MGTRC016 has been corrected on Figure Three,

From:

Tin Price: US$15,767/t Gold Price: US$1,094/oz

35m @ 1.6 g/t Au (including 5m @ 37.1 g/t and 1m @ 146 g/t)

To:

35m @ 6.1 g/t Au (including 5m @ 37.1 g/t and 1m @ 146 g/t)

A historical interval quoted in the text on page 3 has been corrected

From:

MDD002 26m @ 21 g/t gold from 25m
• MDD002 26m @ 2.81 g/t gold from 25m

To:

This interval has also been corrected in Figures Two and Three.

Please find attached the amended ASX announcement with the corrected Figures Two and Three, and text on page 3.

MGT

Resources Limited Suite 13.05, Level 13, 109 Pitt Street, Sydney 2000 Australia T: 61 2 9262 1122 F: 61 2 9299 5175 www.mgt.net.au [email protected] ABN: 38 131 715 645

Note: MGT Mining Ltd is 89.48% owned by MGT Resources Ltd. MGT Mining Ltd owns a number of tin tenements in the Mount Garnet region of Northern Queensland, as well as other tenements in Queensland which are prospective for gold.

==> picture [125 x 52] intentionally omitted <==

ASX

Announcement

27 July 2015

MGT INTERSECTS HIGH GRADE GOLD AT PYRAMID PROJECT

ASX CODE

MGS

Excellent first results received from Pyramid Drilling including long intersections and high grade zones

REGISTRY

HIGHLIGHTS

Computershare

MGT intersects the highest grade gold to date in drilling at the Gettysberg Prospect ( 5m @ 37.1 g/t gold including 1m @ 146 g/t gold )

SHARES ON ISSUE

318,157,040

Drilling is now completed on site with results yet to be received for a further 19 holes

Better intervals from the first batch of drilling results include:

35m @ 6.1g/t gold from 33m (including 5m @ 37.1 g/t gold from 33m) (MGTRC016) (Gettysberg Prospect)

Tin Price: US$15,454/t Gold Price: US$1,099/oz

123m @ 0.26 g/t gold from 25m to end of hole 149m, (including 18m @ 0.52 g/t gold from 82m) (MGTRC015) (Sellheim Prospect)
52m @ 0.27 g/t gold from 25m (including 8m @ 0.53 g/t gold from 49m) (MGTRC014) (Sellheim Prospect)
67m @ 0.24 g/t gold from 88m to end of hole 155m, (including 4m @ 0.76 g/t gold from 105m) (MGTRC014) (Sellheim Prospect)

*These are downhole widths which may not reflect true width. The geometry of mineralisation at parts of the prospects is still uncertain.

Executive Chairman and Managing Director Jonathan Back said:

“MGT are excited to announce that we have intersected the highest grade gold in drilling to date at the Pyramid Project. We are very pleased with the first results which include a very high-grade gold intersection at the Gettysberg prospect and long intersections at the Sellheim Prospect.

We are still eagerly awaiting further results from the program, including 13 more holes at Gettysberg and anticipate that they will include more positive results.”

MGT

Resources Limited 13.05/109 Pitt Street Sydney NSW 2000 Australia

T: 61 2 9262 1122 F: 61 2 9299 5175

Hole ID	Easting	Northing	RL	Azimuth (Mag)	Dip (°)	Depth	From	To	Au (ppm)	Intersection (Au)
Sellheim
MGTRC012	509424	7692037	203	063	60	78	0	1	0.25	24m @ 0.25 g/t
							1	2	0.08
							2	3	0.1
							3	4	0.2
							4	5	0.21
							5	6	0.21
							6	7	0.2
							7	8	0.82
							8	9	0.75
							9	10	0.84
							10	11	0.39
							11	12	0.18
							12	13	0.2
							13	14	0.09
							14	15	0.07
							15	16	0.1
							16	17	0.11
							17	18	0.17
							18	19	0.16
							19	20	0.12
							20	21	0.23
							21	22	0.34
							22	23	0.2
							23	24	0.12
MGTRC013	509286	7691942	207	048	50	149	1	2	0.22	28m @ 0.16 g/t
							2	3	0.19
							3	4	0.14
							4	5	0.15
							5	6	0.13
							6	7	0.17
							7	8	0.12
							8	9	0.19
							9	10	0.33
							10	11	0.23
							11	12	0.15
							12	13	0.14
							13	14	0.24
							14	15	0.17
							15	16	0.29
							16	17	0.15

Hole ID	Easting	Northing	RL	Azimuth (Mag)	Dip (°)	Depth	From	To	Au (ppm)	Intersection (Au)
Sellheim
MGTRC014	509271	7691935	205	228	55	155	20	21	0.13
							21	22	0.15
							22	23	0.16
							25	26	0.16	52m @ 0.27 g/t
							26	27	0.15
							27	28	0.12
							28	29	0.16
							29	30	0.11
							30	31	0.17
							31	32	0.14
							32	33	0.11
							33	34	0.08
							34	35	0.12
							35	36	0.37
							36	37	0.29
							37	38	0.27
							38	39	0.29
							39	40	0.59
							40	41	0.24
							41	42	0.42
							42	43	0.4
							43	44	0.6
							44	45	0.44
							45	46	0.43
							46	47	0.32
							47	48	0.18
							48	49	0.1
							49	50	0.43
							50	51	0.47
							51	52	0.19
							52	53	0.6
							53	54	0.36
							54	55	0.71
							55	56	1
							56	57	0.44
							57	58	0.22
							58	59	0.15
							59	60	0.26
							60	61	0.19
							61	62	0.21
							62	63	0.11
							63	64	0.14
							64	65	0.25

Hole ID	Easting	Northing	RL	Azimuth (Mag)	Dip (°)	Depth	From	To	Au (ppm)	Intersection (Au)
Sellheim
MGTRC015	509193	7691892	201	048	55	149	26	27	0.23	123m @ 0.26g/t
							27	28	0.33
							28	29	0.22
							29	30	0.36
							30	31	1.7
							31	32	0.77
							32	33	0.53
							33	34	0.31
							34	35	0.15
							35	36	0.16
							36	37	0.28
							37	38	0.17
							38	39	0.27
							39	40	0.21
							40	41	0.35
							41	42	0.28
							42	43	0.14
							43	44	0.09
							44	45	0.13
							45	46	0.08
							46	47	0.12
							47	48	0.2
							48	49	0.11
							49	50	0.13
							50	51	0.71
							51	52	0.17
							52	53	0.27
							53	54	0.1
							54	55	0.09
							55	56	0.2
							56	57	0.14
							57	58	0.1
							58	59	0.13
							59	60	0.11
							60	61	0.17
							61	62	0.16
							62	63	0.26
							63	64	0.59
							64	65	0.14
							65	66	0.13
							66	67	0.11
							67	68	0.15
							68	69	0.16

Hole ID	From	To	Au (ppm)
Gettysberg
	39	40	0.99
	40	41	0.34
	41	42	0.39
	42	43	0.5
	43	44	1.2
	44	45	0.87
	45	46	0.5
	46	47	2.18
	47	48	1.08
	48	49	0.59
	49	50	0.68
	50	51	0.15
	51	52	0.36
	52	53	1.27
	53	54	0.31
	54	55	0.11
	55	56	0.58
	56	57	3.68
	57	58	0.24
	58	59	0.48
	59	60	0.16
	60	61	0.42
	61	62	0.6
	62	63	2.73
	63	64	0.66
	64	65	0.49
	65	66	1.11
	66	67	2.23
	67	68	4.37

Criteria	Explanation	Commentary
*Sampling techniques*	Nature and quality of sampling (e.g. cut	Sampling results are from reverse
	channels, random chips, or specific	circulation drilling.
	specialised industry standard
	measurement tools appropriate to the
	minerals under investigation, such as
	down hole gamma sondes, or handheld
	XRF instruments, etc.) These examples
	should not be taken as limiting the broad
	meaning of sampling.
	Include reference to measures taken to	Detailed geological logging of core and
	ensure sampling representivity and the	chips to ensure sample representivity.
	appropriate calibration of any
	measurement tools or systems used.
	Aspects of the determination of	All RC sample were passed through a
	mineralisation that are Material to the	cyclone and then through a 7/8thto 1/8th
	Public Report. In cases where ‘industry	splitter. Bulk 1m sample was collected
	standard’ work has been done this would	as the 7/8th split, whereas the 1/8th split
	be relatively simple (e.g. ‘reverse	was collected as 1m sample. Analytical
	circulation drilling was used to obtain 1m	sample size was in the order of 2.5kg to
	samples from which 3kg was pulverised	3kg.
	to produce a 30g charge for fire assay’).
	In other cases more explanation may be	Each sample was pulverised. Gold was
	required, such as where there is coarse	analysed using a 50 gram fire assay, fire
	gold that has inherent sampling	assay with an AAS finish, ore-grade
	problems. Unusual commodities or	technique;
	mineralisation types (e.g. submarine	(Method Au-AA26)
	nodules) may warrant disclosure of
	detailed information.
*Drilling techniques*	Drill type (e.g. core, reverse circulation,	All RC holes were drilled using a
	open-hole hammer, rotary air blast,	standard face sampling hammer with bit
	auger, Bangka, sonic, etc.) and details	size of 114mm (Four & half inch).
	(e.g. core diameter, triple or standard
	tube, depth of diamond tails, face-
	sampling bit or other type, whether core
	is oriented and if so, by what method,
	etc.)
*Drill sample recovery*	Method of recording and assessing core	RC recovery as well as degree of cross-
	and chip sample recoveries and results	sample contamination were logged on a
	assessed.	metre basis. Overall recoveries were
		excellent. With rare exceptions, RC
		samples were almost always dry.
	Measures taken to maximise sample	All sample obtained by the face-
	recovery and ensure representative	sampling drilling was collected via a
	nature of the samples.	cyclone attached to the drill rig with the
		laboratory assay sample being collected
		directly beneath the cyclone using a riffle
	Whether a relationship exists between sample recovery andgrade and whether	splitter. Sampling bias is not apparent. Overall recoveries were excellent.

Criteria	Explanation					Commentary
	sample bias may have occurred due to
	preferential loss/gain	of		fine/coarse
	material.
*Logging*	Whether core and chip	samples have				Geological logging was carried out by
	been geologically and	geotechnically				well-trained/experienced geologists and
	logged to a level of detail			to support		data entered via a well-developed
	appropriate Mineral			Resource		logging system designed to capture
	estimation, mining	studies			and	descriptive geology, coded geology and
	metallurgical studies					quantifiable geology. All logs were
						checked for consistency by the Principal
						Geologist. Data captured through Excel
						spread sheets and Explorer 3 Relational
						Data Base Management System.
	Whether logging is	qualitative			or	The logging of RC chips is both
	quantitative in nature. Core (or costean,					qualitative and quantitative. Alteration,
	channel etc.) photography.					weathering and mineralisation data
						contain both qualitative and quantitative
						fields.
	The total length and percentage of the					The entire length of all drill holes has
	relevant intersections logged.					been geologically logged.
*Sub-sampling*	If core, whether cut or sawn and whether					Only reverse circulation holes drilled.
*techniques and*	quarter, half or all core taken.
*sample preparation*
	If non-core, whether		riffled,		tube	Samples were riffle split to obtain
	sampled, rotary split, etc.		and whether			weights suitable for analysis at ALS.
	sampled wet or dry.					With rare exceptions, RC samples were
						almost always dry.
	For all sample types, the nature, quality					The sample preparation was conducted
	and appropriateness of		the sample			according to industry best practice.
	preparation technique.
	Quality control procedures adopted for					QA/QC protocols were instigated such
	all sub-sampling stages		to	maximise		that they conform to mineral industry
	representativity of samples.					standards and are compliant with the
						JORC code.
						Terra Search’s input into the Quality
						Assurance (QA) process with respect to
						chemical analysis of mineral exploration
						samples includes the addition of blanks,
						standards and duplicates to each batch
						so that checks can be done after they
						are analysed. As part of the Quality
						Control (QC) process, Terra Search
						checks the resultant assay data against
						known or previously determined assays
						to determine the quality of the analysed
						batch of samples. An assessment is
						made on the data and a report on the
						quality of the data is compiled.
	Measures taken to ensure that				the	Comparison of assays of duplicates
	sampling is representative		of	the in	situ	shows reasonably good reproducibility of
	material collected, including for instance					results, apart from some scatter in the
	results for field duplicate/second-half					fire assay results for Au, probably due to
	sampling. Whether sample sizes are appropriate to thegrain size of the material being					the nugget effect. The sample sizes are considered to be appropriate to represent the style of the

Criteria	Explanation		Commentary
	sampled.		mineralisation, the thickness and
			consistency of the intersections.
*Quality of assay data*	The nature, quality and appropriateness		Assays were conducted at ALS
*and laboratory tests*	of the assaying and	laboratory	Laboratories Gold was analysed using
	procedures used and whether the		an ore-grade technique; 50 gram fire
	technique is considered partial	or total.	assay with an AAS finish.
			The fire assay technique (Method Au-
			AA26)is considered total.
	For geophysical tools, spectrometers,		No additional tools were used.
	handheld XRF instruments,	etc. the
	parameters used in determining the
	analysis including instrument	make and
	model, reading times, calibration factors
	applied and their derivation, etc.
	Nature of quality control procedures		Certified geochemical standards and
	adopted (e.g. standards,	blanks,	blank samples were inserted into the
	duplicates, external laboratory checks)		assay sample sequence. Laboratory
	and whether acceptable	levels of	assay results for these quality control
	accuracy (i.e. lack of bias) and precision		samples are within 5% of accepted
	have been established.		values.
			ALS also inserted blanks and duplicated
			samples which returned good
			agreement.
*Verification of*	The verification of	significant	Significant intersections were verified by
*sampling and*	intersections by either independent or		Terra Search Pty Ltd, the independent
*assaying*	alternative company personnel.		contractors who conducted drilling.
	The use of twinned holes.		None.
	Documentation of primary data, data		Data is collected by qualified geologists
	entry procedures, data verifications, data		and experienced field assistants and
	storage (physical and	electronic)	entered into excel spreadsheets.
	protocols.
			Data is imported into Terra Search
			Explorer 3 Relational Data Base
			Management System from the Excel
			spreadsheets with comprehensive
			validation checks set on different fields.
			Data is then checked thoroughly by the
			Operations Geologist for errors.
			Accuracy of drilling data is then validated
			when imported into MapInfo.
			Data is stored on a server in the
			Company’s head office, with regular
			backups and archival copies of the
			database made.
	Discuss any adjustment to assay data.		No adjustments are made to the data.
			Data is imported into the database in its
			original raw format.
*Location of data*	Accuracy and quality of surveys used to		Collar locations were recorded by
*points*	locate drill holes (collar and	down-hole	Garmin DGPS with positional accuracy
	surveys), trenches, mine workings and		of approximately +/- 0.5m.
	other locations used in Mineral Resource
	estimation.		Down hole surveys were conducted on all holes usinga downhole digital

Criteria	Explanation				Commentary
					camera with surveys taken	inside a	non-
					magnetic stainless steel drill rod.
	Specification of the grid system used.				Coordinate system is UTM	Zone 55 and
					datum is GDA94
	Quality and adequacy		of topographic		No Digital Terrain Model available.
	control.
*Data spacing and*	Data spacing for reporting of Exploration				Drill holes were drilled at approximately
*distribution*	Results.				50 metre intervals. Where more than one
					hole has been drilled on a section,
					spacing between holes along the section
					varies between 30 and 100m.
	Whether the	data	spacing	and	Further drilling is necessary to establish
	distribution is sufficient to establish the				a Mineral Resource.
	degree of	geological	and	grade
	continuity appropriate for the Mineral
	Resource and	Ore Reserve estimation
	procedure(s) and classifications applied.
	Whether sample compositing has			been	No sample compositing	has	been
	applied.				applied.
*Orientation of data in*	Whether the	orientation of sampling
*relation to geological*	achieves unbiased sampling of possible				The majority of holes	have	been
*structure*	structures and	the extent	to which	this is	designed to drill normal to interpreted
	known, considering the deposit type.				mineralisation trends. However, there
					has been insufficient	drilling	and
					geological interpretation to	determine if
					there is a bias to sampling	as a result of
					drilling oblique to or	downdip	on
					mineralised structures.

	If the relationship between drilling	No orientation based sampling bias has	No orientation based sampling bias has
	orientation and the orientation of key	been identified in the data at this point.
	mineralised structures is considered to	Some holes may have been drilled
	have introduced a sampling bias, this	parallel to the interpreted structural
	should be assessed and reported if	trend, but the geometry of mineralised
	material.	shoots is still to be delineated.
*Sample security*	The measures taken to endure sample	Chain of custody was managed by Terra
	security.	Search Pty Ltd. Samples never left their
		possession from drill site to direct
		transfer to ALS laboratories.
*Audits or reviews*	The results of any audits or reviews of	To date there has not been an audit of
	sampling techniques and data.	samplingtechniques and data.
Section 2: Reporting of Exploration Results
*Mineral tenement and*	Type, reference name/number, location	EPM12887 ‘Pyramid’ is 100% held	by
*land tenure status*	and ownership including agreements or	MGT Mining Ltd. MGT Mining is	an
	material issues with third parties such as	89.48% owned subsidiary of MGT
	joint ventures, partnerships, overriding	Resources Limited.
	royalties, native title interests, historical
	sites, wilderness or national and	EPM 12887 contains some areas which
	environmental settings.	are classified as environmentally sensitive areas as these areas contain endangered

*Geology*	Deposit type, geological setting and style	Deposit type, geological setting and style	Deposit type, geological setting and style	Deposit type, geological setting and style	Deposit type, geological setting and style	Deposit type, geological setting and style	The Pyramid Project lies in the northeast
	of mineralisation.						of the Devonian to Carboniferous
							Drummond Basin and contains a north-
							northeast trending inlier of Late
							Ordovician Anakie Metamorphics. The
							inlier of Anakie Metamorphics divides this
							region from the main area of Drummond
							Basin sedimentation to the west. A thick
							wedge of the Late Carboniferous
							Bulgonunna Volcanics forms the
							Bulgonunna Block to the east.
							The Saint Anns Formation is the host to
							epithermal gold mineralisation in the
							Drummond Basin at the Pajingo, Yandan,
							Wirralie and Twin Hills gold deposits, with
							mineralisation related to hot spring
							hydrothermal systems developed on the
							margins of coeval rhyodacite volcanic
							activity of the Silver Hills Volcanics.
							The most significant gold mineralisation
							developed within the Pyramid Project
							area is the epithermal style quartz veins
							and the chlorite-pyrite-sericite-stylolitic
							veinlets and breccia matrix infill.
*Drill hole information*	A summary of all		information	material to			See Appendix One.
	the	understanding of the		exploration
	results including		a tabulation		of the
	following information for all Material drill
	holes:
	•	Easting and	northing of the		drill hole
		collar
	•	Elevation or	RL (Reduced		Level –
		elevation above sea level in metres)
		of the drill hole collar
	•	Dip and azimuth of the hole
	•	Down hole length and		interception
		depth
	•	Hole length
	If the exclusion		of this information is
	justified on the basis that the			information
	is not Material and this exclusion does not
	detract from the		understanding			of the
	report, the Competent Person					should
	clearly explain why this is the case.
*Data aggregation* *methods*	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade						A cut-off grade of 0.1g/t gold is applied. Several of the reported intercepts include 1m intervals of internal

Hole ID	Easting	Northing	RL	Azimuth (Mag)	Dip (°)	Depth	From	To	Au (ppm)	Intersection (Au)
Sellheim
MGTRC015	509193	7691892	201	048	55	149	112	113	0.21
							113	114	0.28
							114	115	0.19
							115	116	0.13
							116	117	0.16
							117	118	0.15
							118	119	0.09
							119	120	0.24
							120	121	0.13
							121	122	0.14
							122	123	0.16
							123	124	0.13
							124	125	0.11
							125	126	0.19
							126	127	0.12
							127	128	0.27
							128	129	0.3
							129	130	0.2
							130	131	0.26
							131	132	0.3
							132	133	0.14
							133	134	0.11
							134	135	0.28
							135	136	0.49
							136	137	0.25
							137	138	0.14
							138	139	0.18
							139	140	0.2
							140	141	0.28
							141	142	0.2
							142	143	0.18
							143	144	0.14
							144	145	0.1
							145	146	0.15
							146	147	0.12
							147	148	0.12
Gettysberg
MGTRC016	507984	7690660	209	001	50	71	33	34	11.15	35m @ 6.14 g/t
							34	35	2.08

	truncations (e.g. cutting of high grades)	dilution and a	dilution and a	number	number	of intercepts	of intercepts
	and cut-off grades are usually Material	include	2m	intervals		of internal
	and should be stated.	dilution where		one of the values was
		0.09 g/t
	Where aggregate intercepts incorporate	All results from		which intersections are
	short lengths of high grade results and	calculated	are presented in the table				in
	longer lengths of low grade results, the	Appendix One.
	procedure used for such aggregation
	should be stated and some typical
	examples of such aggregations be shown
	in detail
	The assumptions used for any reporting	No metal equivalents			have	been used	in
	of metal equivalent values should be	reporting.
	clearly stated.
*Relationship between*	The relationships are particularly	Downhole	length, true		width not known.
*mineralisation widths*	important in the reporting of Exploration
*and intercept lengths*	Results.
	If the geometry of the mineralisation with
	respect to the drill hole angle is known, its
	nature should be reported
	If it is not known and only the down hole
	lengths are reported, there should be a
	clear statement to this effect (e.g. down
	hole length, true width not known).
*Diagrams*	Appropriate maps and sections (with	See figures 2-5.
	scale) and 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 reporting*	Where comprehensive reporting of all	Only significant intercepts reported.
	Exploration Results is not practicable,
	representative reporting of both low and
	high grades and/or widths should be
	practised to avoid misleading reporting of
	Exploration Results.
*Other substantive*	Other exploration data, if meaningful and	Not applicable.
*exploration data*	material, should be reported including
	(but not limited to): geological
	observations; geophysical survey results;

AI assistant

AVIRA RESOURCES LTD — Capital/Financing Update 2015

64473_rns_2015-07-27_b3e0d044-ac76-410a-bbee-9c74c727fc4f.pdf

AMENDMENT TO MGT INTERSECTS HIGH GRADE GOLD AT PYRAMID PROJECT

MGT

ASX

Announcement

MGT INTERSECTS HIGH GRADE GOLD AT PYRAMID PROJECT

HIGHLIGHTS

MGT

OVERVIEW

High grade gold intersected at Gettysberg

GEDRX004 91m @ 0.46 g/t gold from surface.

Long intersections at Sellheim

More results pending

ABOUT THE PYRAMID PROJECT

Competent Person’s Statement

Forward Looking Statements

ENDS

APPENDIX 1:

SIGNIFICANT GOLD INTERSECTIONS

Several of the reported intercepts include 1m intervals of internal dilution and a number of intercepts include 2m intervals of internal dilution where one of the values was 0.09 g/t

APPENDIX 2

JORC CODE TABLE 1

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