CLARA RESOURCES AUSTRALIA LTD - Capital/Financing Update 2014

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ASX Announcement

Aus Tin Mining Limited (ASX: ANW)

2 September 2014

Exploration Targets Identified for Potential High-Grade Supplementary Feed to Lift Taronga Economics

Highlights

Research program identifies 305 tin prospects and historic mines in the New England tin province covered by Aus Tin Mining’s exploration licences.
Data review of historic records and previous work to date indicates six (6) key targets within close trucking distance to the Taronga Tin Project and provides the basis for an initial Exploration Target of approximately 150,000 to 265,000 tonnes at approximately 2.3% to 2.5%Sn, or approximately 3,450 to 6,625 tonnes of contained tin, noting the potential grade and tonnage is conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Company is planning an exploration program to test the targets over the next 12 months as detailed below.
Aus Tin Mining to accelerate the definition of potential supplementary of high‐grade feed for the Taronga Tin Project.
Revised assessment of Taronga to include potential high grade supplementary feed, copper, silver, tungsten and molybdenum credits, and improved metal recoveries.

The Directors of Aus Tin Mining Limited (the Company) are pleased to advise that an internally commissioned evaluation of regional exploration targets has been undertaken, and a number of potential high tin grade targets have been identified that have the potential to substantially enhance the economics of the Taronga Tin Project ( Taronga ).

The Company has previously announced the results of the Pre‐Feasibility Study ( PFS ) for Taronga that confirmed the technical and economic viability of the Project and highlighted areas of potential economic upside, including an increased plant feed grade. As reported in conjunction with the results of the PFS, an increase in the average plant feed grade from 0.16%Sn to 0.19%Sn would have the impact of increasing NPV(8%) from AU$63.15M to AU$145.71M[1] . This potential uplift was reported in the context of range of probable true grades between 0.19%Sn to 0.25%Sn (based on a trend observed whereby larger samples tended to provide a higher grade ‐ the Support Effect). Additional benefits may flow from (i) the recovery of copper and silver credits if supported by feasibility studies; and (ii) the inclusion of supplementary high grade ore and the establishment of a centralised processing plant at Taronga (underpinned by Probable Ore Reserves). This could enable the Company to mine and process small high grade deposits which may be too small to develop as a stand‐alone operation.

1 Refer ASX Announcement dated 7th April 2014

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

The assessment of peripheral high‐grade targets provides the opportunity to extend the resource life, shorten the payback period, mine and treat additional lower‐grade ore at Taronga after the existing plans, and increase the NPV and IRR of the Project. The key strategy would be to displace lower‐grade material with high‐grade material at the early stage of mine development. No significant increase in capital costs are envisaged for Taronga, and capital costs at the high‐grade peripheral prospects would largely be restricted to mine development.

The evaluation has identified in excess of 300 historic prospects within the Company’s wholly owned exploration tenements ( Figure 1 ), of which six (6) key target prospects have in the past supported substantial tin mining operations, and now offer potential for high‐grade feed to Taronga. Each of the six (6) projects is located within 25km and trucking distance of Taronga.

An Exploration Target of approximately 150,000 to 265,000 tonnes at approximately 2.3% to 2.5%Sn, or approximately 3,450 to 6,625 tonnes of contained tin, has been estimated for three of the historic high‐ grade mines located within the Company’s wholly owned tenements. The Exploration Target is based upon feasibility work completed by previous owners and potential strike extension at each of the historic mines and the Company considers that there is potential to mine material from these historic mines and supplement the feed to the Taronga Plant.

However, it should be noted that the potential grade and tonnage is conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Company intends to undertake a program of work over the next 12 months as outlined under the section “Exploration Target”.

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Figure 1: Location of historic mines and/or reported mineral occurrences

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

Having undertaken a preliminary evaluation of each of the key targets, the Company will in the first instance look to advance the following targets as potential supplementary feed sources:

Dutchman & Harts These historic mines are located 17km NE of Taronga and historic production is reported as approximately 60,000 tonnes at a grade of 3.5%Sn[2] . Ore was exploited from a number of sub‐vertical quartz‐chlorite‐sericite‐cassiterite lodes via underground operations to a depth of 246m (refer Figure 2 ) periodically between 1875 and 1953.

During the 1960s, rehabilitation of the historic workings and subsequent exploration was undertaken by various parties including Carpentaria Exploration Pty Ltd (part of Mount Isa Mines), BHP, Mobile Alluvial Tin Pty Ltd and North Broken Hill Ltd (NBH). In 1967 NBH undertook a feasibility study on Dutchman & Harts in conjunction other projects in the area and concluded that mining operations would be feasible.

More recently (2006 to 2010) YTC Resources Ltd completed various exploration activities including a program of five diamond drilling holes with the highest reported result being 0.8m at 3.6%Sn (HD04 from 40.7m) and 1.0m @ 1.23%Sn (HD04 from 60m)[3] . These results confirm the high grade nature of the mineralisation and are consistent with the grade historically reported.

Tin mineralisation at Dutchman & Harts has been historically over a 500m strike and is open at depth.

The Eclipse Lode to the southeast runs sub‐parallel to the Dutchmans Lode and several rich “bungs” or rich clots of the tin mineral cassiterite were reportedly mined to a depth of 84m and were up to 3m wide with the ore being described as exceptionally rich. It is not clear why NBH did not assess the Eclipse Lode however, this could provide additional upside to the Exploration Target.

Curnows is located 3km south of Torrington and was referred to as the largest individual tin producing lode in the area and the deepest (274m). The lode was discovered in 1880 and mined principally from 1881 to 1887 and 1926 to 1950. Historical production is reported as approximately 27,000t for a grade of 2.9%Sn[4] .

Cassiterite occurs within a quartz‐chlorite lode that dips steeply northwest to vertical and ranges from a few millimeters to 1.8m in width. The lode has been worked along strike for 300m and plunges northeast. Wolframite (Fe,MnWO4) and molybdenite (MoS2) have also been observed within the host granite.

Wallaroo is located 17km NE of Taronga and was mined periodically between 1882 and 1944 by underground and open pit, with historical production reported as at approximately 6,800t at 1.9%Sn[5] but with grades of up to 4.4%Sn[6] .

Mineralisation comprises quartz‐chlorite‐cassiterite veins and has been mined over an estimated strike of 260m, however, the vein can be traced for a distance of 2.4km[7] . The most recent exploration work was undertaken by Aberfoyle in 1982 but limited to sampling of mine waste.

2 Source: North Broken Hill Limited, Torrington Tin Mines Feasibility Study, 1967, converted to tonnes and %Sn

3 Source: YTC Resources Ltd, Final Report EL 6389, September 2011

4 Source: North Broken Hill Limited, Torrington Tin Mines Feasibility Study, 1967, converted to tonnes and %Sn

5 Source: North Broken Hill Limited, Torrington Tin Mines Feasibility Study, 1967, converted to tonnes and %Sn

6 Source: Geological Survey of NSW, June 2000

7 Source: Nicholson, 1968 (GS 568/134)

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261)

Phone: 07 3303 0611, Fax: 07‐3303 0681

NBH completed a feasibility report in 1967 to evaluate mining and processing operations at the Torrington Field, including the four mines Butlers, Dutchman & Harts, Curnows and Wallaroo. In its feasibility report, NBH reported historical production for the mines ( Table 1 ). It should be noted that NBH reported production in terms of Tons and “Recovered % Concentrate” and that Aus Tin Mining has converted to Tonnes and %Sn for convention[8] .

	Accepted Historical	Production	Accepted Historic Production	Accepted Historic Production
				(converted)
	Tons Mined	Recovered	Tonnes	%Sn
		Grade
		(% Conc)
Dutchman & Harts	65,900	3.8	59,771	3.5
Curnows	30,000	3.1	27,210	2.9
Wallaroo	7,500	2.0	6,803	1.9
Total	103,400	3.5	93,784	3.2

Table 1: Historical Production from Dutchman & Harts, Curnows and Wallaroo (North Broken Hill Ltd, 1967)

NBH estimated potential production ( Table 2 ) based on underground mining operations and concluded that operations at Torrington would be feasible based on the construction and operation of a processing plant at site.

	Assumed Potential Production	Assumed Potential Production	Estimated Target (Aus Tin Mining)	Estimated Target (Aus Tin Mining)
	(Source North Broken Hill, 1967)
	Tons Mined	Recovered	Tonnes	%Sn
		Grade
		(% Conc)
Dutchman & Harts	135,000	2.5	122,445	2.3
Curnows	19,800	3.0	17,959	2.8
Wallaroo	9,000	4.0	8,163	3.7
Total	163,800	2.6	148,567	2.4

Table 2: Assumed Potential Production ex North Broken Hill Limited, 1967 and Estimated Target, Aus Tin Mining)

In addition to the potential supplementary feed sources previously described, the Company will also evaluate the following prospects:

Taylors is located 10km NE of Taronga and whilst specific historic production records are not available, eluvial and alluvial operations exploited ore from three main lodes (cassiterite‐quartz, wolframite‐cassiterite‐quartz‐chlorite, wolframite‐bismuthinite‐molybdenite‐cassiterite). Historic exploration reports include various drilling results with significant intersections including 1.06m @ 0.70%Sn (G.C.8 from 6.1m) and 1.06m @ 3.61%WO3 (G.C.9 from 24.4m)[9] .
Planet Mine is located 26km NNE of Taronga. Mining at the Planet Mine commenced in 1872 and operated variously to 1931, primarily as an underground operation to a depth of 40m. Tin mineralisation is quartz‐chlorite‐cassiterite veining with cassiterite associated with quartz stingers. Pacific Copper Limited undertook various exploration activities during the period of 1980 to 1984 including a drilling program with the most significant intersection being 1.0m @ 16%Sn (PT1 from 90m)[10] . More recently (2006‐2011) YTC Resources Limited completed various exploration activities including a program of four diamond drilling holes with the highest reported result being 1.0m at 3.74%Sn (SD001 from 109m)[11] .

8 Tonnes = Tons x 0.907 ; %Sn = %Concentrate / 70% (assumed tin recovery) x 65% (assumed Sn grade of concentrate) 9 Source: Geological Survey of NSW, GS1975/294 , December 1974

10 Source: Pacific Copper Limited, Final Report, November 1984

11 Source YTC Resource, Final Report EL 6392, September 2011

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261)

Phone: 07 3303 0611, Fax: 07‐3303 0681

McDonalds prospect lies approximately 6km north east and along strike from Taronga. Whilst no historical production records have been identified, at site there is evidence of significant activity including shallow pits and underground workings. Exploration undertaken by Aus Tin Mining has identified coincident zones of elevated tin‐in–soil geochemical results with areas of increased chargeability indicating possible sulphides, and these zones will be explored in more detail.

Exploration Target

Based on the feasibility study completed by NBH and an assessment of potential strike extension at Dutchman & Harts, Curnows and Wallaroo, the Company has internally generated an Exploration Target of approximately 150,000 to 265,000 tonnes and approximately 2.3% to 2.5%Sn, or approximately 3,450 to 6,625 tonnes of contained tin (refer Table 3 ). It should be noted that the potential grade and tonnage is conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Company intends to conduct a program of exploration works over the next 12 months, including field mapping, geochemical surveys and drilling to progress these targets and to be carried out in conjunction with the Taronga Definitive Feasibility Study. The Company will also continue to progress the exploration of the McDonalds and Emerald Projects, both of which are sheeted vein systems and analogous to Taronga.

	Tonnes 12	Grade %Sn12	Contained Tin (t)
	(Approximates)	(Approximates)	(Approximate)
Dutchman & Harts	122,000 ‐ 197,000	2.2 ‐ 2.4
Curnows	17,000 ‐ 18,000	2.7 – 2.9
Wallaroo	10,000 ‐ 50,000	2.7 – 2.9
Exploration Target(Rounded)	150,000 – 265,000	2.3 – 2.5	3,450 – 6,625

Table 3: Exploration Target for Dutchman & Harts, Curnows and Wallaroo

The potential benefit of by‐product credits will also be examined including molybdenum, tungsten and silver and more specifically the high tungsten assay results reported for historical drilling at Taylors (1.06m @ 3.61% WO3) will warrant early investigation.

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On behalf of the Board KM Schlobohm Company Secretary

Email: [email protected]

Electronic copies and more information are available on the Company website: www.austinmining.com.au

For further information contact:

Mr. Peter Williams CEO, Aus Tin Mining Limited Ph: 07 3303 0611

Karl Schlobohm Company Secretary, Aus Tin Mining Limited Ph: 07 3303 0680

12 The Company has calculated a %Sn grade by adjusting the previously reported recovered % Concentrate grade for recovery (70%) and grade (65%)

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

COMPETENT PERSON STATEMENT

The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Capital Pty Ltd, which provides certain consultancy services including the provision of Mr Mather as a Director of Aus Tin Mining. Mr Mather has more than five years experience which is relevant to the style of mineralisation and type of deposit being reported and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). This public report is issued with the prior written consent of the Competent Person(s) as to the form and context in which it appears.

The information in this Announcement that relates to Mineral Resources is based on information extracted from the report entitled “Maiden JORC Resource Estimated for the Taronga Tin Project” created on 26[th] August 2013 and is available to view on www.austinmining.com.au Aus Tin Mining confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

In the information in this Announcement that relates to Ore Reserves is based on information extracted from the report entitled “Pre‐Feasibility Advances the Taronga Tin Project” created on 7[th] April 2014 and is available to view on www.austinmining.com.au. Aus Tin Mining confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

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Figure 2: Surface plan and cross sections of workings on the Harts and Western Lodes (Source Geological Survey of NSW (GS1998/125) based on mine plans prepared by BHP (GS1963/159)

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

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Figure 3: Cross Section of the Curnows Mine located within EL7800 (Source GS1998/125)

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

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Figure 4: Cross Section of the Historic Wallaroo Mine located within EL7800 (Source Geological Survey of NSW, 2000)

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

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JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

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

Criteria	JORC Code explanation	Commentary
*Sampling*	 Nature and quality of sampling (eg cut channels, random	The results reported are taken from historical reports (between 1963
*techniques*	chips, or specific specialised industry standard measurement	and 2011) prepared by different companies and vary in the details
	tools appropriate to the minerals under investigation, such as	provided on sampling information. The work completed has largely
	down hole gamma sondes, or handheld XRF instruments, etc).	been undertaken by reputable mining companies and to a standard
	These examples should not be taken as limiting the broad	the Competent Person considers adequate for the purpose of
	meaning of sampling.	reporting.
	 Include reference to measures taken to ensure sample
	representivity and the appropriate calibration of any
	measurement tools or systems used.
	 Aspects of the determination of mineralisation that are Material
	to the Public Report.
	 In cases where ‘industry standard’ work has been done this
	would be relatively simple (eg ‘reverse circulation drilling was
	used to obtain 1 m samples from which 3 kg was pulverised to
	produce a 30 g charge for fire assay’). In other cases more
	explanation may be required, such as where there is coarse
	gold that has inherent sampling problems. Unusual
	commodities or mineralisation types (eg submarine nodules)
	may warrant disclosure of detailed information.
*Drilling techniques*	 Drill type (eg core, reverse circulation, open-hole hammer,	The results reported are taken from historical reports (between 1963
	rotary air blast, auger, Bangka, sonic, etc) and details (eg core	and 2011) prepared by different companies and vary in the details
	diameter, triple or standard tube, depth of diamond tails, face-	provided on sampling information. The work completed has largely
	sampling bit or other type, whether core is oriented and if so,	been undertaken byreputable miningcompanies and to a standard

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

Criteria	JORC Code explanation	Commentary	Commentary
	by what method, etc).		the Competent Person considers adequate for the purpose of
			reporting.
		
*Drill sample*	 Method of recording and assessing core and chip sample		The results reported are taken from historical reports (between 1963
*recovery*	recoveries and results assessed.		and 2011) prepared by different companies and vary in the details
	 Measures taken to maximise sample recovery and ensure		provided on sampling information. The work completed has largely
	representative nature of the samples.		been undertaken by reputable mining companies and to a standard
	 Whether a relationship exists between sample recovery and		the Competent Person considers adequate for the purpose of
	grade and whether sample bias may have occurred due to		reporting.
	preferential loss/gainof fine/coarse material.
*Logging*	 Whether core and chip samples have been geologically and		The results reported are taken from historical reports (between 1963
	geotechnically logged to a level of detail to support appropriate		and 2011) prepared by different companies and vary in the details
	Mineral Resource estimation, mining studies and metallurgical		provided on sampling information. The work completed has largely
	studies.		been undertaken by reputable mining companies and to a standard
	 Whether logging is qualitative or quantitative in nature. Core		the Competent Person considers adequate for the purpose of
	(or costean, channel, etc) photography.		reporting.
	 The total length and percentage of the relevant intersections
	_logged. _
*Sub-sampling*	 If core, whether cut or sawn and whether quarter, half or all		The results reported are taken from historical reports (between 1963
*techniques and*	core taken.		and 2011) prepared by different companies and vary in the details
*sample preparation*	 If non-core, whether riffled, tube sampled, rotary split, etc and		provided on sampling information. The work completed has largely
	whether sampled wet or dry.		been undertaken by reputable mining companies and to a standard
	 For all sample types, the nature, quality and appropriateness		the Competent Person considers adequate for the purpose of
	of the sample preparation technique.		reporting.
	 Quality control procedures adopted for all sub-sampling stages
	to maximise representivity of samples.
	 Measures taken to ensure that the sampling is representative
	of the in situ material collected, including for instance results
	for field 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 assaying and		The results reported are taken from historical reports (between 1963
*data and laboratory*	laboratory procedures used and whether the technique is		and 2011) prepared by different companies and vary in the details
*tests*	considered partial or total.		provided on sampling information. The work completed has largely
	 For geophysical tools, spectrometers, handheld XRF		been undertaken by reputable mining companies and to a standard
	instruments, etc, the parameters used in determining the		the Competent Person considers adequate for the purpose of
	analysis including instrument make and model, reading times,		reporting.

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

Criteria	JORC Code explanation	Commentary
	calibrations factors applied and their derivation, etc.
	 Nature of quality control procedures adopted (eg standards,
	blanks, duplicates, external laboratory checks) and whether
	acceptable levels of accuracy (ie lack of bias) and precision
	_have been established. _
*Verification of*	 The verification of significant intersections by either	The results reported are taken from historical reports (between 1963
*sampling and*	independent or alternative company personnel.	and 2011) prepared by different companies and vary in the details
*assaying*	 The use of twinned holes.	provided on sampling information. The work completed has largely
	 Documentation of primary data, data entry procedures, data	been undertaken by reputable mining companies and to a standard
	verification, data storage (physical and electronic) protocols.	the Competent Person considers adequate for the purpose of
	 Discuss any adjustment to assay data.	reporting.
*Location of data*	 Accuracy and quality of surveys used to locate drill holes	The results reported are taken from historical reports (between 1963
*points*	(collar and down-hole surveys), trenches, mine workings and	and 2011) prepared by different companies and vary in the details
	other locations used in Mineral Resource estimation.	provided on sampling information. The work completed has largely
	 Specification of the grid system used.	been undertaken by reputable mining companies and to a standard
	 Quality and adequacy of topographic control.	the Competent Person considers adequate for the purpose of
		reporting.
*Data spacing and*	 Data spacing for reporting of Exploration Results.	The results reported are taken from historical reports (between 1963
*distribution*	 Whether the data spacing and distribution is sufficient to	and 2011) prepared by different companies and vary in the details
	establish the degree of geological and grade continuity	provided on sampling information. The work completed has largely
	appropriate for the Mineral Resource and Ore Reserve	been undertaken by reputable mining companies and to a standard
	estimation procedure(s) and classifications applied.	the Competent Person considers adequate for the purpose of
	 Whether sample compositing has been applied.	reporting.
*Orientation of data*	 Whether the orientation of sampling achieves unbiased	The results reported are taken from historical reports (between 1963
*in relation to*	sampling of possible structures and the extent to which this is	and 2011) prepared by different companies and vary in the details
*geological*	known, considering the deposit type.	provided on sampling information. The work completed has largely
*structure*	 If the relationship between the drilling orientation and the	been undertaken by reputable mining companies and to a standard
	orientation of key mineralised structures is considered to have	the Competent Person considers adequate for the purpose of
	introduced a sampling bias, this should be assessed and	reporting.
	reported if material.
*Sample security*	 The measures taken to ensure sample security.	The results reported are taken from historical reports (between 1963
		and 2011) prepared by different companies and vary in the details
		provided on sampling information. The work completed has largely
		been undertaken byreputable miningcompanies and to a standard

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

Criteria	JORC Code explanation	Commentary
		the Competent Person considers adequate for the purpose of
		reporting.
*Audits or reviews*	 The results of any audits or reviews of sampling techniques	The results reported are taken from historical reports (between 1963
	and data.	and 2011) prepared by different companies and vary in the details
		provided on sampling information. The work completed has largely
		been undertaken by reputable mining companies and to a standard
		the Competent Person considers adequate for the purpose of
		reporting.

Section 2 Reporting of Exploration Results

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

Criteria	JORC Code explanation	Commentary
Mineral Tenement	 Type, reference name/number, location and ownership	The historic Dutchman/Harts, Curnows, Taylors, Planet and Wallaroo
and land tenure	including agreements or material issues with third parties such	mines are all located within EL7800, comprising 67 units in
status	as joint ventures, partnerships, overriding royalties, native title	1:1,000,000 Armidale, located NE of Emmaville.
	interests, historical sites, wilderness or national parks and	EL 7800 is owned 100% by Aus Tin Mining Limited and was
	environmental settings.	approved for renewal for two years by NSW Trade & Investment in
	 The security of the tenure held at the time of reporting along	July 2013.
	with any known impediments to obtaining a licence to operate
	in the area.
Exploration done	 Acknowledge and appraisal of exploration by other parties	Dutchman/Harts were mined between 1875 and 1959 and Carpentaria
by other parties		Exploration Company reported historic production of 71,000tonnes of
		ore and 2,759tonnes of metallic tin. Processing was reported to be
		rudimentary with an estimated recovery of 60% implying a head grade
		of 4.5%Sn. In the early 1960’s, BHP undertook a program of
		exploration and rehabilitation. Between 2006 and 2011 YTC
		Resources completed a Gradient Array Induced Polarisation Survey
		(IP) and diamond drilling.
		Taylors has been historicallymined byboth elluvial and alluvial

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

Criteria	JORC Code explanation	JORC Code explanation	Commentary
			methods. During the period 1969 and 1974 a private consortium
			undertook a diamond and percussion drilling program.
			Planet Mine was mined between 1872 and 1931 by a number of
			companies. Pacific Copper completed various exploration activities
			between 1980 and 1984, including a magnetic survey and diamond
			drilling program.
			Wallaroo was mined 1882 between 1944. Aberfoyle undertook limited
			explorationbetween 1981and1982 includingrockchip sampling.
Geology		Deposit type, geological setting and style of mineralisation	Dutchman/Harts & Curnows – Lodes of mineralisation (quartz-
			chlorite-cassiterite) up to 120m long and 100m deep and thought to e
			related to the intersection of spur veins resulting in a shoot
			enrichment usually in north-east trend.
			Taylors - Three main lodes (cassiterite-quartz, wolframite-cassiterite-
			quartz-chlorite, wolframite-bismuth-molybdenite-cassiterite). The
			Taronga Tin deposit is a sheeted vein system that comprises two
			main zones of mineralisation, the Northern Zone and Southern Zone
			which are approximately 300 metres apart. Over 90% of the tin is
			situated within quartz vein boundaries and occurs predominantly as
			cassiterite.
			Planet - A broad, elongated cluster of collapsed shafts, pits, trenches
			and costeans are developed on multiple quartz-sulphide-cassiterite
			veins in cleaved to massive volcanics. Black cassiterite occurs on the
			vein margins as massive aggregates and disseminations whilst
			sulphide, dominated by arsenopyrite, occur throughout the silicified
			and bleached wallrock as veins and irregular aggregates and
			disseminated crystals.
			Wallaroo – Thought to be an extension of one the Taylor’s lodes.
			Lode varies from 0.3m to 1.5m wide and consists of several parallel
			lodes for a distance approximately 2.4km. Mineralisation comprises
			quartz-chlorite-cassiterite.
Drill hole		A summary of all information material to the understanding of	A summary of significant intersections for each target is provided in
information		the exploration results including a tabulation of the following	Appendix 1.
		information for all Material drill holes:

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

Criteria	JORC Code explanation	Commentary
	`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
	`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 this exclusion does not
	detract from the understanding of this report, the Competent
	Person should clearly explain why this is the case
Data aggregation	 In reporting Exploration Results, weighting averaging	Dutchman/Harts – no details reported for historical drilling. YTC
methods	techniques, maximum and/or minimum grade truncations (eg	collected and reported data on one metre intervals.
	cutting of high grades) and cut-off grades are usually Material	Taylors - individual samples were taken over intervals of 5ft and
	and should be stated.	assayed for bismuth, molybdenum, tin and tungsten. No details are
	 Where aggregate intercepts incorporate short lengths of high	provided on averaging techniques or grade truncations.
	grade results and longer lengths of low grade results, the	Planet – individual samples were taken over varying intersections,
	procedure used for such aggregation should be stated and	with Pacific Copper reporting results for tin, zinc, arsenic, copper and
	some typical examples of such aggregation should be shown	lead. YTC collected and reported data on one metre intervals.
	in detail.	Wallaroo – no drilling results are reported.
	 The assumptions used for any reporting of metal equivalent
	values should be clearly stated.
Relationship	 These relationships are particularly important in the reporting	Dutchman/Harts – For MCP drilling, no geological logs are available.
between mineralisation widths and intercept lengths	of Exploration Results.  If the geometry of the mineralization with respect to the drill hole angle is known, it’s nature should be reported.  If it is not known and only the down hole lengths are reported,	Taylors – geological logs are not available. Planet – For Pacific Copper PT1, massive tin vein was observed between 89.8m to 90.8m but orientation of mineralisation difficult to determine due to extensive chloritisation.
	there should be a clear statement to this effect (eg ‘down hole	Wallaroo – no drilling results are reported.
	_length, true width not known’). _
Diagrams	 Appropriate maps and sections (with scales) and tabulations of	Figure 1 for general location
	intercepts should be included for any significant discovery	Given limited availability of information for some targets and the
	being reported. These should include, but not limited to a plan	purpose of the current evaluation is aimed at developing future
	view of drill hole collar locations and appropriate sectional	exploration targets, detailed maps includingcollar locations and

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

Criteria	JORC Code explanation	Commentary
	views.	sectional views have not beenprepared.
*Balanced reporting*	 Where comprehensive reporting of all Exploration Results is	Reported results are for significant intersections only, and given
	not practical, representative reporting of both low and high	limited availability of information for some targets and the purpose of
	grades and/or widths should be practices to avoid misleading	the current evaluation is aimed at developing future exploration
	reporting of Exploration Results.	targets, the level of reportingis considered appropriate.
*Other substantive*	 Other exploration data, if meaningful and material, should be	Dutchman/Harts – geological logs are not available for MCP drilling.
*exploration data*	reported including (but not limited to); geological observations;	Taylors – geological logs are not available
	geophysical results; geochemical survey results; bulk samples	Planet – geological log is available for PT1. Massive tin vein
	– size and method of treatment; metallurgical test results; bulk	observed between 89.8m to 90.8m but orientation of mineralisation
	density; groundwater; geotechnical and rock characteristics,	difficult to determine due to extensive chloritisation.
	potential deleterious or contaminating substances.	Wallaroo – no drilling results are reported
*Further work*	 The nature and scale of planned further work (eg tests for	A program to undertaken further work will be determined in
	lateral extensions or depth extensions or large-scale step-out	conjunction with the Taronga Tin Project Definitive Feasibility Study.
	drilling).
	 Diagrams clearly highlighting the areas of possible extensions,
	including the main geological interpretations and future drilling
	areas,provided this information is not commercially sensitive.

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

Appendix 1 Significant Historical Drilling Intersections

Hole ID	Operator	Date	Type	East	North	RL	Dip	Azi	Assay	From	To	Est True	Sn	WO3	Mo
		Completed						MGA	type			Width
Dutchman/Harts & Curnows

HUp12	MCP		Sludge							8.53m	12.19m	3.66m	2.54%
			Sludge							10.36m	12.19m	0.61m	11.22%
HD04	YTC	5.12.07	Diamond	371 973	675 512		60⁰	346⁰		40.7m	41.5m	0.8m	3.64%	10ppm	<1ppm
										60.0m	61.0m	1.0m	1.23%	90ppm	<0.5ppm

Taylors(Ref GS1969/569 & GS1975/294)
GC8			Percussion	170E	780S		45⁰	150⁰	N/A	20ft	25ft	3.5ft	0.70%	42ppm	‐
GC9			Percussion	205S	820S		45⁰	130⁰	N/A	80ft	85fy	3.5ft	200ppm	3.61%	140ppm

Planet(Pacific Copper ‐ Ref 1983 090)
PT1	PC	19.12.83	Diamond	1127E	1077N	1056	75⁰	250⁰		89.8m	90.06m	0.26m	4.78%
										90.06m	90.3m	0.25m	57.0%
										90.3m	90.8m	0.5m	1.1%
SD01	YTC	29.10.07	Diamond	382 289	675 49	1056	50⁰	215⁰		109m	110m	1.0m	3.74%

Operator

MCP – Minerals & Chemical Philipps

YTC‐ YTC Resources Limited

PC – Pacific Copper Limited

Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261) Phone: 07 3303 0611, Fax: 07‐3303 0681

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CLARA RESOURCES AUSTRALIA LTD Capital/Financing Update 2014

64598_rns_2014-09-01_48b47628-7465-4b77-bc8d-ec5cdf0c74a8.pdf

ASX Announcement

Aus Tin Mining Limited (ASX: ANW)

2 September 2014

Exploration Targets Identified for Potential High-Grade Supplementary Feed to Lift Taronga Economics

Highlights

Exploration Target

COMPETENT PERSON STATEMENT

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Appendix 1 Significant Historical Drilling Intersections

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CLARA RESOURCES AUSTRALIA LTD — Capital/Financing Update 2014

64598_rns_2014-09-01_48b47628-7465-4b77-bc8d-ec5cdf0c74a8.pdf

ASX Announcement

Aus Tin Mining Limited (ASX: ANW)

2 September 2014

Exploration Targets Identified for Potential High-Grade Supplementary Feed to Lift Taronga Economics

Highlights

Exploration Target

COMPETENT PERSON STATEMENT

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Appendix 1 Significant Historical Drilling Intersections

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