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GREENWING RESOURCES LTD Investor Presentation 2011

Mar 22, 2011

65029_rns_2011-03-22_3546160a-1cec-4a23-b7c2-3f0fed570266.pdf

Investor Presentation

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ABN 31 109 933 995

23 March 2011

The Manager Companies Company Announcements Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir

Presentation – Mines and Money 2011

Bass Metals Ltd (ASX code: BSM) (“the Company”) is pleased to provide the Company’s latest corporate presentation which the Managing Director, Mr. Mike Rosenstreich, is using for a series of investor presentations associated with the Mines and Money 2011 Conference in Hong Kong.

Yours sincerely

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Susan Hunter Company Secretary

16 Thelma Street WEST PERTH WA 6005 PO Box 1330 WEST PERTH WA 6872 Telephone (08) 6315 1300 Facsimile (08) 9481 2846 www.bassmetals.com.au

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Australian Resources Showcase 22 March, 2011 Hong Kong

Key Points - a realistic growth story

High-grade Zn-Pb-Ag-Au-Cu production-cash flow

  • Large scale gold-silver & base metal resources

  • Track record of exploration success-new VMS discoveries

  • Excellent site & regional infrastructure

Presented by Mike Rosenstreich, M anag ng i Di rec or t Bass Metals Ltd

Bass’ Hellyer Site

Presentation - outline

  • Introduction; who & where

  • Stage 1 - Mine Production – Hellyer Mine Project (HMP)

  • Stage 2 - Exploration success; leverage to infrastructure.

  • Stage 3 - Gold production from existing resources

  • Investment Proposition

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Competent Persons Statement & Disclaimer

Competent Persons Statement Mineral Resources & Exploration Results

The information within this report that relates to exploration results and Mineral Resource estimates is based on information compiled by Mr Kim Denwer and Mr Michael Rosenstreich who are both full time employees of the Company. Mr Rosenstreich is a Member of The Australasian Institute of Mining and Metallurgy and Mr Denwer is a Member of the Australian Institute of Geoscientists. They both, individually have sufficient experience relevant to the styles of mineralisation and types of deposits under consideration and to the activities currently being undertaken to qualify as a Competent Person(s) as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)” and they consent to the inclusion of this information in the form and context in which it appears in this report. Ore Reserves

The information in this report that relates to the Fossey Ore Reserve estimates is based on information compiled by Mr Victor Rajasooriar who is a full time employee of the Company and a Member of the Australasian Institute of Mining and Metallurgy. Mr Rajasooriar has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have undertaking to qualify as a Competent Person as defined in the 2004 Edition of theAustralasian Code for Reporting of Mineral Resources and Reserves (the JORC Code)”. Mr Rajasooriar consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. Disclaimer Statements contained in this material, particularly those regarding possible or assumed future performance, costs , di v idends , prod u ction le v els or rates , prices , reser v es or potential gro w th of Bass Metals Ltd , ind u str y growth or other trend projections are, or may be, forward-looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward looking statements de p endin g on a variet y of factors.

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction.

Introduction ASX listed diversified miner

ASX: BSM / Frankfurt:RF2

Issued Capital: 186M shares/12.7M options Hi/Lo: A$0.51/$0.16 Market Cap.: A$73M (at 39 cents) Cash: $9 . 7M (as at 31/12/2010)

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BSM – 12 month share price graph.
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Major Shareholders:

14 % Metals Finance Ltd (ASX:MFC) 12 % JP Morgan Nominees Board & Management 17%

Board:

Don Boyer-Chairman, Mike Rosenstreich – MD, Crai McGown-NED & Ton Treasure-NED. g y

Don Boyer –admiring drill core

Introduction

Operation in Tasmania, Australia – a mining State

Tasmania:

  • 150 ears minin histor y g y

  • Major mines and smelting facilities

  • Excellent mine services support

  • Regional power, rail and road infrastructure

  • Talented local mining labour pool

  • Supportive government

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Introduction Intensely Mineralised VMS Terrain

“Elephant Country”

  • Mt Read Volcanic Belt is a world c ass l VMS t erra n. i

  • Populated by large scale, high grade ore bodies such as:

  • �Mt L u- A u ye ll (C )

  • �Rosebery (Cu-Pb-Zn-Ag-Au)

  • �Henty (Au)

  • �Que River (Cu-Pb-Zn-Ag-Au)

  • �Hellyer (Cu-Pb-Zn-Ag-Au)

Note: Historic production data presented in this Figure is sourced from Govt. Dept public database (MRT).

BSM Resources are summarised in accordance with the JORC Code either within this presentation or at the rear of this presentation.

– – Stage 1 HMP In progress

Que River esourceR

Mill feed years 4-5

Mill feed years 1- 3 Fossey East Resource Fossey one -Z Ore eserveR

Fossey Decline Portal site

Hellyer Mill

Hellyer Portal & Decline (Plugged)

Hellyer one esourceZ R Mill feed years 4-5

Stage 1:HMP-Overview 5 year Mine Plan-2 Phases

- – Phase 1 Ore Reserve First 2 years production

Location JORC
Classification
Tonnes
kt
Copper
(%)
Lead
(%)
Zinc
(%)
Silver
(g/t)
Gold
(g/t)

F
ossey
T t l P
b bl
o a
ro a
e
1 102
,
0 3
.
4 0
.
6 8
.
105 1 9
.
Fossey Total Proved - - - - - -
Total 1,102 0.3 4.0 6.8 105 1.9
  • Underground Mine – decline access.

  • Rate 450ktpa to 500ktpa of ore.

  • Mine operating cost c . $40 $45/t ore .

  • Phase 2 - Resources (years 3-5)F ossey as E t

  • Que River

  • Hellyer

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Underground diamond drill rig-
grade control drilling
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Stage 1: HMP-Overview Phase 1 – Fossey Mine

  • Hellyer Mill is a 1.5Mtpa modern, purpose built flotation concentrator plant.

  • Process c.500ktpa on a campaign basis – 4 weeks on/4 weeks off.

  • Unit milling cost approximately $30 $35/t .

  • Bass owns Mill – 100% and has spare processing capacity.

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Stage 1:HMP-Overview Hellyer concentrate logistics & sales

First zinc concentrate haulage

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Lead flotation cell

HMP – Planned Annual production estimates Concentrate Tonnes/Year Zinc conc. 55,000 Lead conc. 27,000 Copper/Silver 5,000

Payable Metals Zn, Ag, Au Pb, Ag, Au (Zn) Cu, Ag, Au, Pb

Stage 1:HMP - Overview Polymetallic = diverse revenue streams

Gross Revenue Split by Payable Metal

Gross Revenue Split by Concentrate Product

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Diversity of revenue/customer:

  • Payment for 5 metal streams

  • Payment for 3 products delivered to 3 destinations

Stage 1: HMP - Overview Robust Economics

Phase 1 - Fossey Ore Reserve* – estimate of financial outcome/tonne ore

Financial Outcomes* A$/t ore
Gross Revenue 285
Net Smelter Return 215
Site Operatingcosts 81
Rlti 22
oyaes
EBITDA 112
StartupCapitalCosts 29
OngoingCapital Expenditure 10
EBIT 73

• estimate o c. $40M / year f operating surplus (EBIT/yr) • C1 cost of c.US15 cents/lb payable Zn (after credits) • Lowest uartile of world cost curve q

Ore Reserve reported in accordance with JORC on slide 9 and CP statement slide 4. *These are estimates made at AUD metal prices of : Zn- $2,460/t, Pb - $2,630, Ag - $35/0z, Au – 1,429/oz & Cu - $9,890/t

Stage 1: HMP Re-cap: 5 year mine plan-2 phases

  • Phase 1:

  • Fossey UG Mine – 1.1Mt Reserve*/2 years

  • �Significant Zn , Pb and Cu - Ag - Au concentrate production �Generate c. $80M over 2 years of operating surplus (EBIT)

  • Currently in ramp-up phase

Phase 2:

  • UG and some o en it minin otential from 2.1Mt hi h- rade p p g p g g

  • resources*:

  • �Fossey East Resource – 0.65Mt

  • Que Riv e r – 0 .7M t

  • �Hellyer – 0.75Mt

  • Phase 3 – pipeline of exploration targets-track record of finding ore

  • Reserve and Resource summaries for JORC Compliant estimates attached to this presentation..

Stage 2:Growth by Exploration Bass is a successful explorer

Elephants leave FOOTPRINTS : big……….…H e ll yer epos D it •Que River Deposit

  • •Mt Charter Resource

•Fossey Deposit

VMS deposits occur in clusters, and the Hellyer-Que region has excellent potential to host more ore.

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Stage 2: Exploration - Positive track record

2005 Ac uired Tasmanian leases q Nil resources – 2005

2006 +Mt Charter Au-Ag Resource* - - - - +Que River Cu Pb Zn Ag Au Resource 2007 Open-pit mining Que River starts +Hellyer Cu-Pb-Zn-Ag-Au Resource 2008 +Fossey Cu-Pb-Zn-Ag-Au Resource

2009 +Hellyer Tails Au-Ag-Zn-Pb Resource Acquired Hellyer Mill & Infrastructure

2010 Que River open pits – complete (MMG-deal) F ossey n U d ergroun d Mi ne – fi rst ore 2011 +Fossey East Cu-Pb-Zn-Ag-Au Resource 1[st] Concentrates sold from Fossey Mine More to come! *Resource summaries reported in accordance with the JORC Code in Attachment.

Stage 2: Exploration Upside

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Hellyer
Stk-work
F &
ossey
Fossey East Mill
Switchback
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“in the shadow of the Mill”

  • Key exploration targets are within 5km radius of the Hellyer Mill.

  • Large and small discoveries can potentially be “cashed in”

  • Recent success at Fossey East , Hellyer Stockwork &

  • Switchback.

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Stage 2: Exploration Upside – Switchback [New]

9.3m at 8.5% Zn, 3.3% Pb, 69g/t Ag & 1.6 g/t Au 11 1m at 4 1% Zn. . , .1 8% Pb, 37g/t Ag & 0.8 g/t Au 500m 4 0m at 5 9% Zn. . , .2 4% Pb, 79g/t Ag & 1.1 g/t Au

Prospective clast horizon

Target-new VMS Deposit 0 6m at 26 8% Zn. . , 17 7% Pb. , .0 5% Cu, 163 g/t Ag & 1.4 g/t Au

  • Clast horizon-indicates VMS deposit “shedding mineralised boulders.

  • Boulder source not Hellyer or Que Riverdistinctive features

  • .

  • Zone above Footwall Alteration = target zone for new VMS deposit

  • • Clast zone = potential mineralised zone in its own right.

Stage 2: Exploration Upside – Hellyer Stockwork [New]

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  • 3.8m at 4.9% Cu, 40 g/t Ag & 0.3 g/t Au.

  • 4.0m at 12.9% Cu, 70 g/t Ag & 0.3 g/t Au.

44.7m at 1.7% Cu, 6.0% Pb, 3.3% Zn, 113 g/t Ag & 0.9 g/t Au.

  • 3 distinct stockwork targets-beneath Hellyer workings.

  • Large-scale untested target, close to mine infrastructure

  • New results from unsampled, historic drill core confirm potential eg: 8.3m at 5.8% Zn, 2.1% Pb, 20 g/t Ag, 0.3 g/t Au

Stage 2: Exploration Upside – Fossey East [New]

Fossey East- still open

  • New Resource: 650kt at 6.1% Pb + Zn, 51g/t Ag & 1.4g/t Au

  • Indicated part of resource .

  • grades 14% Pb+Zn

  • Untested-north of Fault

  • Untested south & down.

  • plunge

  • Easily accessible from Fossey Mine Decline

Recent resource estimate highlights potential to add at least a further year of production.

Stage 2: Exploration Upside Active regional program

  • Lake Margaret EL – drilling now [New]

  • • Prospective for Nth Lyell type and VMS deposits.

  • Nth Lyell - 4.9Mt at 5.4% Cu, 0.45 g/t .

  • Au & 34 g/t Ag historic production[1]

  • BSM – samples of surface boulders average assays of 5 . 6% Cu , . 0 6 g/t Au & 29 g/t Ag

Lake Margaret EL BSM75%:CLY25%

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Note 1: Historic production data from MRT public database.

Note 2: Refer Slide 7 for notes to Endowment table.

Mt Lyell & Nth Lyell CMT 100%

Stage 3: Gold production from existing resources.

Large Gold & Base Metal Resource

  • Hellyer Tails – 9.5Mt at 2.5% Zn, 2.8% Pb, 104 g/t Ag & 2.6 g/t Au. (product of former Hellyer Ops. 19862000)

  • Reduced resource risk and simple “mining” - utilise dredge to reclaim tailings.

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Tails Resource
Shore tanks & Piping
Hellyer Mill
1 km
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Bass’ dredge on Hellyer Tails
Dam (January 2010)
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Hellyer Tails Contained Metal

  • 800koz Gold

  • 32Moz Silver

  • 290kt Lead

  • 240kt Zinc

  • 20kt Copper

All contained metal – no recovery factors applied.

Growth from Existing Resources Gold production

Production Aim 130koz gold(eq) pa

“Fall-back” target 50koz gold(eq) pa

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1. EXISTING RESOURCES – 2Moz Gold (eq*)

  • Hellyer Tails: 1.5 Moz Au(eq) 9.5Mt at 2.6 g/t Au & 104 g/t Ag

  • Mt Charter: 0.4Moz Au(eq) 6.1Mt at 1.2 g/t Au & 36 g/t Ag ( does not include Au/Ag content in Fossey, Hellyer & Que Resources )

2. TECHNICALLY REALISTIC - Based on DETAILED FEASIBILITY level testwork from 1990’s.

Note: Go ld (Eq) is based on a Au:Ag ratio of 1:45. See Note with Table 4 in Attachment. It is based on total contained metal with no allowance for recoveries. There is no value for Zn, Pb or Cu included; only Ag and Au. The above summary is based on Tables 4 & 5 in Attachment.

Growth from Existing Mineral Resources

Resource Summary – with Gold & Silver Focus

Hellyer Tails Hellyer Tails
JORC
Classification
Tonnes
(Mt)
Gold
(g/t)
Silver
(g/t)
Gold
(koz)
**Silver (koz) ** Gold (Eq)
koz
Zinc
(%)
Lead
(%)
Copper
(%)
Measured 4.9 2.7 105 425 16,543 795 2.8 3.1 0.2
Indicated 2.5 2.6 104 209 8,360 396 2.6 3 0.2
Inferred 2.1 2.4 103 162 6,955 317 1.7 2.9 0.2
Total 9.5 2.6 104 796 31,859 1,507 2.5 2.8 0.2
Mt Charter Resource
JORC
Classification
Tonnes
(Mt)
Gold
(g/t)
Silver
(g/t)
Gold (oz) Silver (oz) Gold (Eq)
Oz
Zinc
(%)
Lead
(%)
Copper
(%)
Measured 0
Indicated 1.9 1.2 36 74 2,218 123 0.7
Inferred 4.2 1.2 35 165 4,754 271 0.4
Total 6.1 1.2 36 239 6,971 394 0.5

�2Moz Gold (eq) total resources-with potential to increase �Key Resource is Hellyer Tails- 1.5Moz Au (eq), 80% Meas.& Ind. category �Gold (eq) grade of 4.4 g/t

Note: Go ld (Eq) is based on a Au:Ag ratio of 1:45. See Note with Table 4 in Attachment. It is based on total contained metal with no allowance for recoveries. There is no value for Zn, Pb or Cu included; only Ag and Au. The above summary is based on Tables 4 & 5 in Attachment.

Growth from Existing Resources

Gold & Silver Recovery / Production / Cost Estimates (1Mtpa rate)

Direct
Cyanidation
Direct
Cyanidation
Albion Process Albion Process Partial Pressure
Oxidation
Partial Pressure
Oxidation
Units Au Ag Au Ag Au Ag
Feedgrade g/t 2.6 104 2.6 104 2.6 104
Total Recovery % 25 40 86 82 37 65
Metal Recovered koz/pa 21 1,338 72 2,742 31 2,174
Gold (eq) koz 50.7 132.8 79.3
production
Estimated total site
operating costs
A$/oz. 590 736 545
Operatingmargin % 57 46 60
Capital Cost $
A M
49.4 143.2 116.6
  • Scoping study (July 2010) results – include DFS quality testwork from 1990’s.

  • � Potential roduction rate ran e from 51k to 133koz old e er ear. p g g ( q) p y

  • � Potential operating cost range - $550 to $740 per ounce gold (eq). � . Technically sound and financially viable – subject to detailed DFS in progress

  • � Potential environmental benefits .

Realistic potential to add major gold production to Hellyer operations

Growth from existing resources Pb and Zn Recovery - Hellyer Tails Historic Production 2006 08 (Previous owner)

  • Feed : 2Mt at 2.8% Zn, 3% Pb & 89 g/t Ag

  • Product : 90kt of bulk concentrate:

  • Z n – 37%

  • Pb - 12% (Pb + Zn=49%)

  • Ag - 195g/t

  • As - 0.77%

“ ” – Time of high prices typical swing production

’ – - BSM s Aim process on an incremental cost basis to be a long term producer.

Bass plans for mid 2011:

  • Process 1Mtpa of Hellyer tails – on a campaign basis with Fossey ore.

  • Produce either additional 10-15ktpa of Pb & Zn in separate concentrates or 30kt pa of a Bulk lead-zinc concentrate.

Current Activity:

  • Undertaking extra test work to enhance Zn & Pb recovery and reduce As levels.

Bass Metals – Investment Proposition Fact: Current market cap = c A$70 to A$80M. Stage 1: HMP

�In production NOW

  • �Cashflow - forecast EBIT pa for HMP (phase 1) $40M/yr

�HMP – forecast to be 5 year project (Phase 1&2) Stage 2: Exploration Upside

  • �Track record of exploration success

  • �VMS deposits occur in clusters

�Exciting pipeline of prospects and discoveries

  • �All sized discoveries – leverage to BSM’s Hellyer Mill

Stage 3: growth from existing resources �Potential large scale gold production �Increased base metal production

Conclusion: excellent cash flow potential & growth prospects. Undervalued.

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Thank you for your interest

HMP Mineral Resources & Ore Reserves

Table 1: Combined Polymetallic Massive Sulphide Mineral Resources as at 30 June 2010 – 5% Pb+Zn cut-off

JORC
Tonnes
kt
Copper
(%)
Lead
(%)
Zinc
(%)
Silver
(g/t)
Gold
(g/t)
Location Classification
Fossey Indicated 690 0.4 6.1 10.4 143 2.5
Inferred 110 0.3 4.3 7.4 106 2.1
Total 800 0.4 5.8 9.9 137 2.5
Hllr Idid 640 04 4 68 83 13
eye
Remnants
ncate
.

.

.
Inferred 110 0.2 4.9 8.1 107 1.5
Total 750 0.3 4.1 7 87 1.3
Que River
Pb-Zn Zone
Indicated 160 0.2 3.8 6.5 96 1.2
Inferred 140 0.3 4.2 7.4 104 1.2
Total 300 0.2 4 6.9 100 1.2
Que River
Cu Zone
Measured 60 1.7 0.7 2.1 69 0.3
Indicated 260 1.9 1.6 4.3 68 0.3
Inferred 60 2.5 0.2 0.6 33 0.2
Total 380 2 1.3 3.4 63 0.3
Total Measured 60 1.7 0.7 2.1 69 0.3
Indicated 1,750 0.6 4.5 7.8 106 1.6
Inferred 420 0.6 3.8 6.6 95 1.4
Total 2 230
,
0 6
.
4 2
.
7 4
.
103 1 5
.

HMP Mineral Resources & Ore Reserves

Table 2: Combined Polymetallic Mineral Resources as at 30 June 2010 As the Fossey Body contains two styles of mineralisation (base metal and gold) the combined Fossey mineralised resource can be summarised as in Table 2 below

LENS ORE ZONE CATEGORY ‘000
Tonnes
Mean Grades Mean Grades Mean Grades Mean Grades Mean Grades Mean Grades Mean Grades
%
Cu
%
Pb
%
Zn
g/t Ag g/t Au % Ba DENSITY
t/m3
FOSSEY BMS Indicated 730 0.3 5.5 9.6 140 2.5 27.2 4.37
FOSSEY Footwall Indicated 40 0.3 5.8 7.3 57 0.8 3.6 3.50
FOSSEY Barite Indicated 1,100 <0.1 0.3 0.6 42 1.5 40.5 4.16
FOSSEY GSP Inferred 10 <0.1 0.1 0.1 33 5.2 4.5 3.16
FOSSEY Barite Inferred 290 <0.1 0.2 0.5 41 1.4 41.2 4.30
FOSSEY BMS Inferred 40 0 3
.
4 0
.
6 7
.
88 2 1
.
28 9
.
4 22
.
FOSSEY Footwall Inferred 30 0.2 4.1 6.2 57 1.6 8.5 3.52
FOSSEY HLD982 Lens Inferred 28 0.3 4.2 7.3 156 2.5 25.6 4.60
FOSSEY HL683 Lens Inferred 2 05 50 85 195 22 244 402

.

.

.

.

.

.
MINOR
LENSES
Barite & BMS
&
Footwall
Inferred 30 0.2 2.2 4.9 76 2.0 28.5 3.95
TOTAL All Indicated &

2300 0.1 2.2 3.9 77 1.8 34.5 4.22
I f
d
n erre
,

HMP Mineral Resources & Ore Reserves

Table 3: Fossey East Mineral Resource Estimate Summaries (28 Feb 2011) As the drill density is still very sparse – resource is quoted for a series of Pb+Zn cut-offs.

Geological outline Geological outline
ZONE CATEGORY kT Zn% Pb% **Ag g/t ** **Aug/t ** Cu% DENSITY
BMS/Barite Indicated 170 9.4 4.4 75 1.7 0.4 4.15
BMS/Barite Inferred 450 2.2 1.1 44 1.3 0.1 4.09
Stringer Inferred 30 2.7 1.2 22 0.7 0.1 3.25
TOTAL 650 4.1 2.0 51 1.4 0.2 4.06
3%(Pb+Zn) Cutoff
BMS/Barite Indicated 160 10.3 4.8 79 1.8 0.5 4.17
BMS/Barite Inferred 160 4.9 2.6 57 1.6 0.2 4.15
Stringer Inferred 20 3.2 1.5 28 0.7 0.1 3.31
TOTAL 340 7.2 3.5 66 1.6 0.3 4.10
5%(Pb+Zn) Cutoff
BMS/Barite Indicated 140 11.0 5.2 83 1.9 0.5 4.18
BMS/Barite Inferred 100 6.6 3.5 63 1.8 0.3 4.20
Stringer Inferred 10 3.8 1.8 30 0.7 0.1 3.31
TOTAL 250 9.1 4.4 73 1.8 0.4 4.16

Note: Small rounding errors may occur

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Hellyer Tailings Mineral Resources

Table 4: Hellyer Tails Combined Mineral Resource Estimate – 23 June 2009

JORC Classification Tonnes
mt
Copper
(%)
Lead
(%)
Zinc
(%)
Silver
(g/t)
Gold
(g/t)
Measured 4.9 0.2 3.1 2.8 105 2.7
Indicated 2.5 0.2 3.0 2.6 104 2.6
Inferred 2.1 0.2 2.9 1.7 103 2.4
Total 9.5 0.2 2.8 2.5 104 2.6

Notes on Metal Prices and Gold Equivalence

•Metal prices effecting the gold equivalent calculation are : Gold A$1,430/oz and silver A$35.6/ozs. This generates a Au:Ag ration of 1:40.1. This has been conservatively modified to 1:45 to complete the equivalence calculation based only on contained silver and gold in the respective resources in Table 4 and 5.

•The grades for the calculation of a Au equivalent grade are from the respective combined resource estimates presented in Tables 4 and 5.

•No recoveries or other modifying factors have been applied in the calculation. Au is the chosen metal for reporting equivalence as it is potentially the more valuable.

Mt Charter Mineral Resource

Table 5: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off 30 October 2006

Table 5: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off
30 October 2006
Table 5: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off
30 October 2006
Table 5: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off
30 October 2006
Table 5: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off
30 October 2006
Table 5: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off
30 October 2006
Table 5: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off
30 October 2006
Table 5: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off
30 October 2006
Table 5: Summary of Mt Charter Mineral Resource at a 0.7 g/t Au cut-off
30 October 2006
JORC Classification
Tonnes
mt
Gold
(g/t)
Silver
(g/t)
Zinc
(%)
Gold
koz
Silver
koz
JORC Classification Tonnes
mt
Gold
(g/t)
Silver
(g/t)
Zinc
(%)
Gold
koz
Silver
koz
Indicated 1.9 1.21 36.3 0.7 74 2,218
Inferred 4.2 1.22 35.2 0.4 165 4,754
TOTAL 6.1 1.22 35.5 0.5 239 6,972