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DART MINING NL Interim / Quarterly Report 2014

Jul 30, 2014

64792_rns_2014-07-30_e9a315b1-73d5-476f-82b9-047055579ee9.pdf

Interim / Quarterly Report

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Report for the Quarter Ended 30 June 2014

31 July 2014

Highlights

  • Petrography completed

  • PFS re-commenced

  • Regional exploration results

  • R&D $1.1 M received

  • Cash $3.58M

  • Dr. Colin Seaborn to lead metallurgy studies

Strategic plan adopted to achieve Unicorn PFS

In March 2014 (ASX 24 March 2014) Dart Mining NL DTM announced that a Strategic Plan had been adopted aimed at completion of a Unicorn PFS by mid-2015. The initial phase of that plan has been achieved in the June quarter. Firstly with the announcement that Conventional Metallurgical processing methods have been applied to achieve a saleable copper concentrate from some samples and secondly that it is possible to recover substantial metal from the oxide zone.

Unicorn petrography and mineralogy completed

A detailed petrography and mineralogy review of the Unicorn deposit, with a focus on the copper-inzinc issue, prompted the Board to consider metallurgical approaches utilised at other base metals deposits considered to exhibit like mineralisation character along the Lachlan Fold Belt, especially in Tasmania. While the quantum and extent of such characterised mineralisation could well be greater at Unicorn, it was still considered that the Unicorn Project could be potentially progressed, by application of appropriate and available industry - conventional metallurgical processing techniques. This re-affirmed the need to proceed with the forecast metallurgical studies to focus on the copper / zinc separation issue and recovery of metals from the oxide zone.

Metallurgical studies reach level of confidence for PFS to re-commence

Laboratory tests have provided significant levels of comfort on the technical achievability of saleable molybdenum (Mo) and copper (Cu) products by efficient application of conventional, standard industry processing techniques, to achieve:

  • Substantial metal recovery from OXIDE zone material by leaching;

ASX Code: DTM Investment Data: Shares on issue: 207M Unlisted options: 11.5M

Substantial Shareholders:

Top 20 Holdings: 40%

Key Projects:

Unicorn Porphyry Mo-Cu-Ag Morgan Porphyry Mo-Ag-Au Mountain View Au

Board & Management: Chairman: Bruce Paterson

Commercial Manager & Acting CEO: John Cornelius

Non-Executive Director: Rob Hogarth Non-Executive Director: Dr. John Cottle Company Secretary: John Nethersole

Dart Mining NL ACN 119 904 880

  • Saleable molybdenum concentrates from sulphide samples across the resource.

  • Saleable copper concentrates from silica cap and porphyry sulphide zones.

  • Upgrading of copper compared to zinc to produce saleable concentrates on some fresh samples from breccia zones. Further tests are needed to assess reproducibility on other samples. Other processing options will also be tested.

Regional Exploration

A series of Work Plans submitted to the Department of State Development, Business and Innovation (DSDBI) during the March Quarter have been approved in, allowing drill testing at Gentle Annie, Onslow Reefs and Copper Quarry prospects. Further site mapping and soil sampling has been carried out at a number of new prospects, with the Onslow South prospect showing an arsenic anomaly in soil geochemistry open over 300m in a NNE orientation. Regional exploration continues alongside the Unicorn Prefeasibility Study activities.

Contact Details:

Lower Ground Floor, 395 Collins Street Melbourne VIC 3000 Australia

John Cornelius

Phone: +61 (0)418 338 909 Email: [email protected]

DTM receives $1.1M R & D Tax Offset Grant.

In April 2014 DTM received a further refundable tax offset for Research and Development in relation to the Company’s Hybrid PMV Climax Model Analogy.

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Visit our webpage: www.dartmining.com.au

Dart Mining NL

June 2014 Quarterly Report | 31 July 2014

Cash 30 June 2014 - $3.58M

[See Cash Flow Report Appendix 5B released concurrently with this report.]

Dr. Colin Seaborn appointed to oversee PFS Metallurgical work

Since the end of the June Quarter Dr. Colin Seaborn, has accepted a position as DTM’s Client Representative and overseer to lead the ongoing metallurgical work. As a consultant to the Company, Colin will work directly alongside Dean Turnbull – Manager Geology & Environment - to maximise the integration of the metallurgical and geological knowledge of the deposit at Unicorn.

Unicorn Project –Pre-Feasibility Study and Project Update

Petrography / Mineralogy –Metallurgical Test Work

A detailed petrography and mineralogy review of the Unicorn deposit has been completed during the Quarter. The study investigated samples from throughout the deposit, representing the various rock types. The study also utilised a number of flotation concentrates from recent metallurgical studies to determine the mineralogy of concentrate from each rock type.

The new knowledge generated from the study has assisted in the understanding of the 3D distribution of chalcopyrite-in-sphalerite characterised mineralisation, likely to be the contributor to the encountered efficient separation of zinc from within copper concentrate identified in previous reports.

On completion of the first stage of the copper-in-zinc studies at Unicorn, it was apparent to the DTM Board and announced to ASX 21 May 2014 that:

  • Many operations, both past (Hellyer – Aberfoyle - extreme instances of like mineralisation character in places within the deposit) and present (Rosebery), located along the Gilmore Suture - Lachlan Fold Belt of Eastern Australia, have successfully produced, and are successfully producing, saleable concentrates from similarly characterised mineralisation; and

  • The quantum and extent of such characterised mineralisation could well be greater at Unicorn, nevertheless, Unicorn Project could be potentially progressed, by application of appropriate and available industry - conventional metallurgical processing techniques.

The Board considered further metallurgical studies were fully justified to focus on the copper / zinc seperation issue. Australian Laboratory Services (ALS) in Burnie, Tasmania were engaged to provide insight into the issue based on relevant production scale experience with similar ore styles from some Tasmanian mines. The expanded testing involves the use of more selective flotation techniques to reduce zinc recovery to the final concentrate, mitigating the impact of zinc in copper with the aim of creating a saleable grade copper concentrate. Further test work has focused on the use of low sensitivity sulphide collectors and highly selective copper suppression to allow the generation of a clean Mo concentrate. Preliminary results show potential for the upgrading of copper compared to zinc to produce saleable concentrates on some fresh samples from breccia zones. Further tests are needed to assess reproducibility on other samples. Other processing options will also be tested early in the next Quarter.

Metal recovery from the Oxide Zone

Studies of metal recovery techniques from oxidised Unicorn mineralisation are now well advanced at AMML laboratories in Gosford NSW. Initially based upon hydrometallurgical extraction techniques developed in the 1970’s at the famous Climax Molybdenum Porphyry deposit (USA), the current experimentation is being adapted to meet the hybrid metal properties (Mo, Cu and Ag) found at Unicorn and the significant advances in extractive metallurgy.

Stage 1 of the study is designed to provide a “proof of principle outcome” to establish a technique to achieve high levels of recovery of Mo and Cu within the oxide zone. The outcome of this work will allow planning of additional detailed PFS level studies to better define flow sheet, plant design, operating and

Source: Infomine.com

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| 31 July 2014

capital costs and throughput estimation. The hydrometallurgical technique being refined requires low pH solutions, SO2 gas, heat and stainless steel cells, adding to capital and operating costs. However, an innovative approach may supply a production cost offset by using the iron pyrite found in the deposit to generate heat (via a fluid bed exothermic reaction) and to generate the required SO2 gas for the extraction process. The completion of Stage 1 test work is expected within the next two weeks.

Exploration Activity North East Victoria

EL4726 – REGIONAL EXPLORATION (VICTORIA)

Regional exploration at the Onslow Reefs and Onslow South prospects has continued to return encouraging surface geochemical anomalism during the Quarter. Work along the Empress Corridor (Figure 1) at the Empress South magnetic anomaly has also returned a strong, localised copper anomaly. A series of Work Plans submitted to the Department of State Development, Business and Innovation (DSDBI) during the March Quarter have all been approved for drill testing of the Gentle Annie, Onslow Reefs and Copper Quarry prospects. Mapping and soil sampling has been expanded at the Onslow Reefs and Onslow South prospects with Onslow South soil geochemistry now showing an arsenic anomaly open over 300m in a NNE orientation. Further magnetic and geochemical targets are scheduled for initial soil traverse testing during the next quarter along the Dart Pluton String and Scorodite Ridge prospect (Figure 1).

==> picture [387 x 450] intentionally omitted <==

Figure 1. Prospect location plan showing key prospects for follow up exploration.

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ONSLOW REEFS AND ONSLOW SOUTH PROSPECTS

The eastern soil geochemical lines at the Onslow Reef project contained elevated zinc. It was hypothesised that this may indicate a distal geochemical signature of the western parts of a porphyry system. An exploratory traverse was conducted to the east of Onslow Reef to test for this and to seek northerly extensions of the Onslow South workings. No further geochemical signature for a porphyry was found. However, anomalous arsenic from portable XRF (pXRF) aligns with a northerly extension of the previously defined Onslow South workings, now showing an open Arsenic (As) soil anomaly along 300 m of strike (Fig. 2). Additional infill is underway to better define the path of the interpreted lode structure. Detailed soil traverses across the Onslow South line (Fig. 3) were sent to ALS for Au assay, showing results up to 0.841 g/t in soil. Four rock chips were also submitted to ALS for assaying. Representative dyke samples on the Onslow South line reached 8.94 g/t Au. An additional grab sample to the west of the line and the arsenic anomaly returned 3.05 g/t Au from a small pit. This sample from a quartz-chlorite shear zone was excavated in a few small pits and may represent a second line.

==> picture [511 x 424] intentionally omitted <==

Figure 2. Colour coded arsenic in soil (pXRF data) at Onslow Reef and nearby Onslow South historic workings over colour digital elevation model. The new data on this plan is an eastern traverse that has detected anomalous arsenic (pXRF data) indicating the Onslow South trend extends to the north. Infill traverses are underway to follow this trend.

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June 2014 Quarterly Report | 31 July 2014

==> picture [433 x 590] intentionally omitted <==

Figure 3. Colour coded arsenic in soil (pXRF data) at Onslow South showing mapped historic workings. Short, closely-spaced soil traverses across the lode position were assayed for gold. The positions of four rock chip samples from historic workings are also shown.

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EMPRESS SOUTH

The Adjie Granodiorite has a highly variable magnetic signature, hypothesised to represent a partially demagnetised, altered porphyry signature. There was no previous geochemical exploration results from over the granodiorite, representing virgin ground. An initial east-west traverse crossed an area of anomalous copper that peaked at 331 ppm Cu in pXRF results (Fig. 4). Infill surrounding this point revealed a 150 m diameter anomaly reaching 950 ppm Cu (pXRF). This is hypothesised to indicate that the Adjie Granodiorite is a mineralised system and that larger areas of mineralisation may exist elsewhere. Further geochemical sampling is underway.

==> picture [432 x 455] intentionally omitted <==

Figure 4. Colour coded copper in soil (pXRF) at Empress South over grey scale 1VD Magnetics (higher magnetics denoted by lighter shade). The variable magnetic response across the granodiorite is hypothesised to be a result of altered zones of magnetic destruction related to porphyry mineralisation. An initial soil traverse revealed anomalous copper. Follow-up sampling delineated the anomaly. Further traverses are underway to attempt to delineate additional zones of mineralisation.

TENEMENT STATUS REPORT AS AT JUNE 30 2014

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June 2014 Quarterly Report | 31 July 2014

Tenement Number Name Area (Grats) Interest Location
EL4724_Note 2_ Buckland 82 100% NE Victoria
EL4726_Notes 1&2_ Dart 680 100% NE Victoria
EL5058 Cudgewa 413 100% NE Victoria
EL5194 Mt. Alfred 95 100% NE Victoria
EL8190 Koonenberry 99 100% NW New South Wales
EL5467 McCormacks 92 100% NE Victoria
EL5468 Upper Murray 198 100% NE Victoria
ML5559 Mountain View 4.8 100% NE Victoria

All tenements remain in good standing at 30 June 2014.

Note 1 : Unicorn Project area is subject to a contingent 2% NSR Royalty Agreement with BCKP Limited (Orion Mine Finance) dated 29 April 2013. Note 2: Areas subject to a 1.5% Founders NSR Royalty Agreement

ABOUT MOLYBDENUM

Molybdenum is both a traditional and new age/future metal with unique characteristics. Its primary use is as an essential metal in the manufacture of steel as it adds strength, hardness, toughness and resistance to corrosion. Molybdenum also has a range of chemical uses including acting as a catalyst to remove impurities, notably sulphur, during crude oil production. Molybdenum is also used in the paint and plastics industries.

World demand for molybdenum is growing at 4% to 6% pa and new uses for molybdenum continue to be discovered. A recent example is the development by two Australian scientists of a new two-dimensional material using molybdenum oxide that they believe could revolutionise the electronics market by facilitating thinner, faster and lighter gadgets. This continues molybdenum’s diversification into areas and uses in addition to its traditional use in steel production.

The use of molybdenum is also growing in the renewable energy sector where it is used in the manufacture of solar panels and, potentially, as an electrode plate for the separation of hydrogen and oxygen to produce hydrogen energy. Molybdenum is also used in nano-technologies to make electrical goods smaller.

COMPETENT PERSONS STATEMENT

The information in this report that relates to metallurgical results is based on information compiled by Dr. Colin Seaborn PhD, FAusIMM, MAICD, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Dr. Seaborn is a full time employee of SOS Initiatives Pty Ltd. Dr. Seaborn has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr. Seaborn consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Exploration Results for regional exploration is based on information compiled by Dr Rodney Boucher B.App.Sc. (Geol) Hons PhD. M. AIG R.P. Geo., M. AusIMM, a Competent Person who is a Member of the Australasian Institute of Geoscientists and The Australian Institute of Mining and Metallurgy. Dr. Boucher is a consultant to Dart Mining NL and full time employee of Linex Pty Ltd. Dr. Boucher has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr. Boucher consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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JORC CODE, 2012 EDITION – TABLE 1 (REGIONAL EXPLORATION)

SECTION 1 SAMPLING TECHNIQUES AND DATA

Criteria JORC Code explanation
Commentary
Sampling
techniques
Nature and quality of sampling (e.g. cut channels,
random chips, or specific 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 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 (e.g. ‘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 (e.g. submarine nodules) may
warrant disclosure of detailed information.
All soil samples are taken from
the top of the clay layer (B
Horizon) to maintain
consistency
For commercial assay
analysis, soil samples are
sieved to -2.0 mm in the field.
Samples are pulverized at the
laboratory and various aliquot
sizes removed dependent
upon assay technique.
Hand held XRF analysis is
performed directly onto the soil
in the field. .
Drilling
techniques
Drill type (e.g. core, reverse circulation, open-hole
hammer, rotary air blast, auger, Bangka, sonic, etc.)
and details (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.).
No drilling operation carried
out
Drill sample
recovery
Method of recording and assessing core and chip
sample recoveries and results assessed.
Measures taken to maximise sample recovery and
ensure representative nature of the samples.
Whether a relationship exists between sample recovery
and grade and whether sample bias may have occurred
due topreferential loss/gain of fine/coarse material.
No drilling operation carried
out
Logging Whether core and chip samples have been geologically
and geotechnically logged to a level of detail to support
appropriate Mineral Resource estimation, mining
studies and metallurgical studies.
Whether logging is qualitative or quantitative in nature.
Core (or costean, channel, etc.) photography.
The total length and percentage of the relevant
intersections logged.
No drilling operation carried
out
Sub-sampling
techniques and
sample
preparation
If core, whether cut or sawn and whether quarter, half
or all core taken.
If non-core, whether riffled, tube sampled, rotary split,
etc. and whether sampled wet or dry.
For all sample types, the nature, quality and
appropriateness of the sample preparation technique.
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.
No drilling operation carried
out

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Criteria JORC Code explanation
Commentary
Quality of assay
data and
laboratory tests
The nature, quality and appropriateness of the assaying
and laboratory procedures used and whether the
technique is considered partial or total.
For geophysical tools, spectrometers, handheld XRF
instruments, etc., the parameters used in determining
the analysis including instrument make and model,
reading times, calibrations factors applied and their
derivation, etc.
Nature of quality control procedures adopted (e.g.
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy (i.e.
lack of bias) and precision have been established.
Au-AA22 is a low detection
limit (0.001ppm) technique
commonly used in
geochemical investigations for
low level gold (<1.0 g/t Au).
Assay results >1.0 g/t Au
trigger Au-AA26 analysis
technique. ME-MS61r is a four
acid digestion technique with
near total digestion for
common base metals but
partial for some REE (not
quoted within this report).
Laboratory blanks, standards
are reviewed per batch to
monitor accuracy and
precision.
Verification of
sampling and
assaying
The verification of significant intersections by either
independent or alternative company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures,
data verification, data storage (physical and electronic)
protocols.
Discuss any adjustment to assay data.
Sample records are located via
GPS. End points of close
spaced tape and compass
traverses are located by GPS.
Attributes are recorded within
a record template and are
entered manually into a
spreadsheet. Attribute and
location data is imported into
an offsite Maxwell’s
Geoscience database for
storage and retrieval.
Electronic only assay data is
imported into the offsite
database from the laboratory
by the database storage
provider.
Location of data
points
Accuracy and quality of surveys used to locate drill
holes (collar and down-hole surveys), trenches, mine
workings and other locations used in Mineral Resource
estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
No drilling operation carried
out
Data spacing
and distribution
Data spacing for reporting of Exploration Results.
Whether the data spacing and distribution is sufficient
to establish the 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 applied.
No drilling operation carried
out
Orientation of
data in relation
to geological
structure
Whether the orientation of sampling achieves unbiased
sampling of possible structures and the extent to which
this is known, considering the deposit type.
If the relationship between the drilling orientation and
the orientation of key mineralised structures is
considered to have introduced a sampling bias, this
should be assessed and reported if material.
Where a mineralised
geological structure is
recognised soil sample
spacing is reduced across the
strike of the structure and
increased between lines
perpendicular to the structure
to help capture across strike
variabilityin response.
Sample security The measures taken to ensure sample security.
All samples submitted for
commercial assay analysis are
placed in sealedpolyweave

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June 2014 Quarterly Report | 31 July 2014

Criteria JORC Code explanation
Commentary
bags and delivered to a
commercial transport company
for delivery to the laboratory.
Any evidence of sample
damage or tampering is
immediately reported by the
laboratory to the company and
a decision made as to the
integrity of the sample and the
remaining samples within the
damaged / tampered bag/s.
Audits or
reviews
The results of any audits or reviews of sampling
techniques and data.
Previous audits and review by
Dart Mining has shown a
comparison between handheld
XRF data and duplicate
samples submitted for
commercial assay analysis is
very favourable, indicating the
XRF unit consistently slightly
under reports the content of
samples. However, no
comparisons were carried out
during the quarter on the small
sample dataset.

SECTION 2 REPORTING OF EXPLORATION RESULTS

Criteria JORC Code explanation
Commentary
JORC Code explanation
Commentary
JORC Code explanation
Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native title interests, historical sites,
wilderness or national park and
environmental settings.
The security of the tenure held at the time of
reporting along with any known
impediments to obtaining a licence to
operate in the area.
Tenement
Number
Name
Area
(Grats)
Interest
Location
EL47242
Buckland
82
100%
NE Victoria
EL47261&2
Dart
680
100%
NE Victoria
EL5058
Cudgewa
413
100%
NE Victoria
EL5194
Mt. Alfred
95
100%
NE Victoria
EL8190
Koonenberry
99
100%
NW New
South Wales
EL5467
Mcormacks
92
100%
NE Victoria
EL5468
Upper Murray
198
100%
NE Victoria
ML5559
Mountain View
4.8
100%
NE Victoria
All tenements remain in good standing at 30 June
2014. Note 1: Unicorn Project area is subject to a 2%
NSR Royalty agreement with BCKP Limited (Orion
Mine Finance) dated 29 April 2013Note 2:Areas
subject to a 1.5% Founders NSR Royalty Agreement
Tenement
Number
Name Area
(Grats)
Interest Location
EL47242 Buckland 82 100% NE Victoria
EL47261&2 Dart 680 100% NE Victoria
EL5058 Cudgewa 413 100% NE Victoria
EL5194 Mt. Alfred 95 100% NE Victoria
EL8190 Koonenberry 99 100% NW New
South Wales
EL5467 Mcormacks 92 100% NE Victoria
EL5468 Upper Murray 198 100% NE Victoria
ML5559 Mountain View 4.8 100% NE Victoria
Exploration
done by other
parties
Acknowledgment and appraisal of
exploration by other parties.
No reference to previous exploration
results
Geology Deposit type, geological setting and style of
mineralisation.
Geological setting and style of
mineralisation are discussed on a
prospect by prospect basis within the
report.
Drill hole
Information
A summary of all information material to the
understanding of the exploration results
including a tabulation of the following
information for all Material drill holes:
o easting and northing of the drill hole
collar
o elevation or RL (Reduced Level –
elevation above sea level in metres) of
No drilling operation carried out

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June 2014 Quarterly Report | 31 July 2014

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 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 truncations (e.g. cutting of
high grades) and cut-off grades are usually
Material and should be stated.
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation should
be stated and some typical examples of
such aggregations should be shown in
detail.
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.
No drilling operation carried out
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly
important in the reporting of Exploration
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’).
No drilling operation carried out
Diagrams Appropriate maps and sections (with scales)
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.
No drilling operation carried out
Balanced
reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and
high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results.
All significant / relevant precious or
pathfinder elements are reported with
either assay value in full or presented to
display the full range of assay data
returned.
Other
substantive
exploration data
Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples – size and
method of treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
substances.
Where material or instructive, geological
mapping, feature surveys or past results
of exploration work are presented on
plans to assist in interpretation of the
results.
Further work The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large-scale step-out
drilling).
Where planned exploration is provided
within the report, reference is made to
likely areas for follow up or geological
interpretationprovided to aid in the

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June 2014 Quarterly Report | 31 July 2014

Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.
interpretation of current results.

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