KORAB RESOURCES LIMITED — Capital/Financing Update 2017

Sep 24, 2017

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

25 Se p tember 2017

HOST ROCKS I N TER C EPTE D OVE R LON G IN T ERVALS IN C OBA L T DRILLIN G – PR O GRE S S RE P ORT

Korab Resources Ltd (“ Korab ”, o r “ Company ” ) ( ASX: KOR ) is very pleas e d to report t h at the cobalt, gold, and copper exploration drilling program at the Bat c helor polym e tallic project is progressin g very well.

By thi s morning, 5 r everse circulation (RC) h o les to test the Prospect 1 6 221 have b e en drilled. All holes intercepted over long inte r vals rocks w hich host cobalt/gold min e ralisation in historical drill holes. Visual inspe c tion of drill c h ips confirme d presence of pyrite and q u artz which w e re associate d with c o balt/gold mineralisation in historical hol e s drilled within the area. Good drilling c o nditions wer e encou n tered in all h o les with goo d penetration r ates.

Histori c al and rece n tly reported mineralisatio n grades at t h e cobalt/gol d prospects currently bein g drilled range up to 0.495% cobalt and 5.8g/t gold in rock c h ips, up to 0.146% cobalt, 1.69% copper and 3.45 g/t gold in prior RC drill i ng, and up t o 0.27% cobalt in shallow R AB drilling (s e e Figure 5).

The r e sults confirm pervasive a n d wide spre a d presence o f cobalt, gol d , and coppe r in rocks an d soils, w ith multiple R C holes ass a ying in the r a nge of 0.1% cobalt to 0.5% cobalt, and 1g/t gold to 5.8 g/t gold. For de t ails of the re s ults please s e e Appendix A .

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

P rojects

Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5)

Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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Figure 1 Drilling of RC hole at cobalt/gold target 16221

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 1

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

Cobalt / gold prospe c ts at Batchel o r (see Figu r e 4) extend o ver large ar e as of the pr o ject and wer e developed on the basis of hist o rical RC drill intercepts, RAB drill i n tercepts, ge o chemical soil anom a lies, and rock chip samples where hi g h grade cob a lt, gold and copper mineralisation wa s discov e red. Some o f the cobalt / gold prospe c ts are also associated w ith geophysi c al anomalie s includi n g EM, IP, gr a vity, and ma g netic anomalies.

The ri g will now mo v e to Prospec t 225 to test t h e next cobalt / gold target.

ZINC, LEAD AND S ILVER

Furthermore, Korab has previou s ly reported historical resul t s of zinc, le a d, and silver exploration at Batch e lor project. M ineralisation grades in R C and diamon d core drillin g ranged up t o 20.6% zinc, 13.50% lead, and 210 g/t silver . These zinc, lead, and sil v er prospects will be drill-t e sted in futur e drilling programs. F o r details of the results please see Appe n dix B.

ABOU T BATCHEL O R PROJECT

Batch e lor project c o vers an area of 240 km2 a nd is located approximately 70 km south of Darwin i n the R u m Jungle Mi n eral Field, wi t hin western P ine Creek O r ogen. Acces s to the proje c t is via Stuart highw a y, approxim a tely one hou r drive from D arwin (see Figure 2). Th e Rum Jungle Mineral Fiel d lies o n the western side of the Pine Creek Inlier where P alaeoprotero z oic low-gra d e greenschist facies metasediments are unconf o rmably drap e d around tw o Archaean g r anitic basem e nt complexe s (the R um Jungle Complex to the north a nd the Wat e rhouse Co m plex to the south). Th e Palae o proterozoic s equence is l o cally unconf o rmably overl a in by hemati t e quartzite b reccia and b y late P a laeoproteroz o ic sandston e and conglo m erate. The t w o basement c omplexes to g ether with th e Proter o zoic rocks a r e displaced d extrally by 4 t o 5 km along the regional G iant's Reef F ault, creatin g a wed g e-shaped e m bayment of s edimentary rocks, juxtapo s ed against t h e Rum Jungle Complex i n the so u th-eastern block.

CONT A CT:

Andrej K. Karpinski, Executive C h airman - Aus t ralia: (08) 94 7 4 6166, Inter n ational: +61 8 9474 6166

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

P rojects

Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5)

Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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ABOU T KORAB R E SOURCES

Korab Resources Ltd is an intern a tional minin g and exploration company with operatio n s in Australi a and E urope. Kora b ’s projects i nclude Winc h ester magn e sium carbo n ate deposit and Geolse c phosp h ate rock dep o sit at Batch e lor in the Nor t hern Territor y of Australia, as well as a g old and silver deposit at Bobrikov o in eastern U k raine.

The C o mpany also e xplores for c o balt, gold, nickel, copper, zinc, lead an d silver, as w e ll as specialt y miner a ls at Batchel o r and at Gre e n Alligator in the Northern Territory an d for gold and copper at Mt. Eleph a nt/Ashburton Downs in W estern Austr a lia. More inf o rmation abo u t Korab’s projects can b e sourc e d from Korab’s website a t www.kora b .com.au. Korab’s shares are traded on Australia n Securi t ies Exchang e (ASX) and on the Berli n Stock Exchange (Berlin e r Börse) thr o ugh Equiduct electr o nic trading pl a tform.

COMPETENT PER S ON STATE M ENT

The information in t his report th a t relates to e xploration re s ults reporte d in this repo r t is based o n inform a tion compile d by the Com p any and revi e wed by Malcolm Castle, a competent p e rson who is a Memb e r of the Au s tralasian Ins t itute of Mining and Metallurgy (“AusI M M”). Malcol m Castle is a consul t ant geologis t employed b y Agricola M ining Consultants Pty Lt d . Mr Castle has sufficient experi e nce that is r e levant to the style of mine r alisation and type of depo s its under con s ideration an d to the activity being undertaken t o qualify as a Competent P erson as de f ined in the 2012 edition of the “A u stralasian C o de for Repo r ting of Explo r ation Result s , Mineral Re s ources and O re Reserves ”

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 2

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

(“JOR C Code”). Malcolm Castle c onsents to t h e inclusion i n this report of the matters based on thi s inform a tion in the fo r m and conte x t in which it a ppears.

DISC L AIMER

Forwa r d-looking statements are s tatements that are not historical facts. W ords such a s “expect(s)”, “expe c ted”, “feel(s) ” , “believe(s)”, “will”, “may”, “anticipate ( s)”, “should” , “envisage(s ) ” and similar expre s sions are int e nded to iden t ify such forward-looking information. T h is informatio n includes, but is not limited to s tatements r e garding futu r e exploratio n results, re s ources, or r eserves, an d produ c tion. Anyone reading this report is cau t ioned not to place undue reliance on these forward - lookin g statements. All of such s t atements are subject to ri s ks and unce rt ainties (man y of which ar e difficul t to predict and which ge n erally are b e yond the co n trol of the C ompany) that could caus e actual results to dif f er materially from those e xpressed in, or implied or projected b y , the forward - lookin g information and stateme n ts. These ri s ks and unc e rtainties incl u de, but are not limited to: those relating to th e interpretati o n of exploration results (including drill r esults), the geology, grad e and c o ntinuity of mi n eral deposit s and conclusions of econo m ic evaluatio n s; risks relating to possibl e variati o ns in reserv e s, grade, min i ng dilution, o r e loss, and r e covery rates; risks relating to changes i n projec t financial an d technical p a rameters; ri s ks relating t o the potenti a l for delays in exploratio n programs, project e v aluation/revi e w, completi o n of feasibilit y studies and project development; risk s relate d to commodity prices and f oreign exch a nge rate fluctuations; risks related to failure to secur e adequ a te financing on a timely b asis and on acceptable t e rms; risks re l ated to dela y s in obtainin g gover n mental, or ot h er permits a n d approvals; risks related to security of tenure; and o ther risks an d uncert a inties relate d to the Com p any’s prosp e cts, properti e s and busin e ss strategy. Any forward - lookin g information contained in this report is provided a s of the dat e of this rep o rt. Except a s requir e d under applicable listing r ules and se c urities laws, t he Company does not int e nd, and doe s not as s ume any obligation, to up d ate this forw a rd-looking inf o rmation.

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

P rojects

Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5)

Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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Figure 2 Batchelor project location and tenure

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 3

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Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

P rojects

Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5)

Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

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Figure 3 Mineral titles over interpreted geology

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Figure 4 Cobalt prospects

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

APPENDIX A

Cobalt, Copper and Gold at Batchelor Project

On 1 0 February 2 0 17 Korab reported result s from the r e view of hist o rical drilling and samplin g enco m passing geo c hemical assessment of 78 4 RAB drillholes, 20 RC dr i llholes, 2,95 0 soil samples, and 6 8 6 rock chip s a mples.

Excer p ts from the r e port are sho w n below for r e ference. Full report can b e accessed at:

http:// w ww.asx.com.au/asx/statist i cs/displayAn n ouncement. d o?display=p d f&idsId=018 2 7144

There has been no material cha n ge to the ex p loration results since they were originally reported o n 10 Fe b ruary 2017. Highli g hts (above 7 0 0ppm Co) f r om Reverse Circulation d r illing include following mu l tiple zones of cobalt, copper and g old (where a v ailable) mineralisation:

HOLE _ID	FROM_M	TO_M	CO_PPM	CU_ PPM		AU_PPM
BRC2	41	42	725	120		n/a
BRC2	43	44	1,090	152		n/a
BRC2	44	45	895	146		n/a
BRC5	46	47	880	800		3.45
BRC5	56	57	1,460	10,000		2.29
BRC5	57	58	1,300	12,100		1.31
BRC5	58	59	1,040	16,900		1.36
BRC5	65	66	765	9,420		1.69
BRC6	103	104	795	250	1.64

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

Cobalt mineralisation appears to be pervasiv e , extending over multiple z ones of significant surfici a l extent, covering in a ggregate an a rea of appro x imately 13.9 mln m[2] . The largest single mineralisatio n zone c overs 10.3 m ln m[2] . In the northern zo n es cobalt ap p ears to be a ssociated wi t h copper an d gold, i n the southe r n and centr a l zones it appears to be a ssociated wi t h copper an d nickel. Hig h grade cobalt miner a lisation is l o cated either on top of, or near inters e ctions of deep faults an d crosscutting faults a nd fractures ( see Figure 5 and Error! Reference source not found. ). All of th e elevat e d cobalt drill intercepts a r e associated with surface geochemical anomalies present in soil, rock c h ips, and shallow RAB drilli n g.

Highli g hts (above 5 0 0ppm Co) fr o m surface sa m pling includ e following hi g h grade cobalt samples:

P rojects

Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5)

Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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	TYPE	CO_PP M	CU_PPM	NI_PPM
	rockchip	4,9 50
	rockchip	4,0 33
	rockchip	2,6 60	1,61 0	700
	rockchip	2,1 02
	rockchip	2,0 00	94 5	460
	rockchip	1,9 10	26 0	1,020
	rockchip	1,5 10	1,05 0	620
	rockchip	1,4 40
	rockchip	1,4 10	80 0	455
	rockchip	1,1 58
	rockchip	1,0 20

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 5

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

	rockchip	7 50
	rockchip	6 70
	rockchip	6 33	10 0	1
	rockchip	5 70
	rockchip	5 45	1,90 0	820

Highli g hts (above 5 00 ppm C o ) from shallow RAB drilling include following zo n es of cobalt miner a lisation:

HOLE _ID	FROM_M	TO_M	CO_PPM		CU_PPM	NI_PPM
MGR2 30	1	3	2,400		1,14 0	570
MGR2 30	3	5	2,700		1,54 0	735
MGR2 30	5	7	1,500	1,08 0		630
MGR2 30	7	9	1,420	80 0		455
MGR7 66	9	11	1,030	7 2		239
MGR2 27	7	9	685	2,26 0		1,040

Diagram below illu s trates in 3D near surface cobalt value s in shallow R AB drilling w ith faults an d fractur e s.

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

P rojects

Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5)

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Figure 5 3D image of cobalt values in gridded shallow RAB drilling with overlayed faults and fractures (near surface drill-chip values, height and colour reflects Co grade in ppm).

Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 6

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

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Figure 6 3D image of cobalt values in gridded shallow soil sampling program with overlayed faults and fractures (surface values, height and colour reflects Co grade in ppm).

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

P rojects Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5) Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

APPENDIX B

Zinc, Silver and Lead at Batchelor Project

Signifi c ant drill int e rcepts (whic h were repo r ted on 23 N ovember 2 0 16) are sho w n below for refere n ce. Full repo r t can be acc e ssed at:

http:// w ww.asx.com.au/asx/statist i cs/displayAn n ouncement. d o?display=p d f&idsId=018 0 5134

There has been no material cha n ge to the ex p loration results since they were originally reported o n 23 No v ember 2016.

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

P rojects Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5) Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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Hole	Fro m (m) To (m) Int erval (m) Ag (ppm)	Fro m (m) To (m) Int erval (m) Ag (ppm)	Fro m (m) To (m) Int erval (m) Ag (ppm)	Fro m (m) To (m) Int erval (m) Ag (ppm)	Fro m (m) To (m) Int erval (m) Ag (ppm)	Zn (%)	Pb (%)
BRC12		68	81	13	4	4.71	0.38
In cluding		78 79 80	79 80 81	1 1 1	15 10 4	20.60 11.80 7.35	0.32 1.53 0.39
BRC12		88	101	13	4	3.14	0.11
In cluding		90 93 94 97	91 94 95 98	1 1 1 1	8 14 4 4	5.34 7.79 4.15 6.38	0.05 0.15 0.14 0.09
WBD06		36	58	22	78	0.21	3.16
In cluding		42 44 48 50	44 46 50 52	2 2 2 2	210 135 99 115	0.16 0.16 0.79 0.21	8.38 13.50 2.36 2.08
WBP01		101	124	23	15	4.98	1.60
In cluding		104 107 108 111 115 116 117 118 119 120	105 108 109 112 116 117 118 119 120 121	1 1 1 1 1 1 1 1 1 1	10 7 10 10 45 19 110 50 40 13	5.74 5.94 12.40 9.50 13.60 7.04 24.30 14.60 8.66 3.08	0.11 0.85 1.13 0.49 0.98 0.29 17.30 5.60 2.70 1.41
Figure 7 Drilling resu lts highlights

As pr e viously repo r ted Korab, h as secured o riginal drill l o gs, plans, s e ctions, labo r atory assays, partial pulps and drill chips and a ssociated m a terials. Drill logs show th a t the mineralisation occur s as sp h alerite (zinc s ulphide) an d galena (lea d sulphide) with occasionally large amounts of silver. Simila r ly to Woodc u tters, mineralisation occur s primarily in a chlorite-car b onate altere d dolerite wit h associ a ted significa n t faulting an d fracturing.

Korab has previou s ly reported t hat the abo v e zinc/lead/silver drilling r esults are v e ry significant becau s e they pres e nt potential f or finding di s cordant, str u cturally emp l aced zinc, l e ad and silver

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

orebo d ies and als o present po s sibility for l a rge stratifor m , or stratab o und zinc, lead and silver deposits.

It is i m portant to n o te that there is evidence o f both styles of mineralis a tion in commercially mine d deposits nearby. Discordant, str u cturally emp l aced orebodies were disc o vered at th e Woodcutter s zinc, l e ad and silver mine and a t Area 44 some 8km to t h e north from Korab’s White Bomb/Gle n Luckie prospects. L arge stratiform or strata b ound base m etal deposi t s were disc o vered in th e Emba y ment Area a t Rum Jungl e (Browns, M t . Fitch and W hites) some 15-20km to the north west from W hite Bomb/G l en Luckie pr o spects.

Wood c utters Ag-Pb - Zn base met a l deposit wa s discovered in 1966 by B M R when the y drill-tested a promi n ent soil geo c hemical ano m aly. Open p it mining co m menced in 1 985 and w a s followed b y under g round development in late 1986. The mine operated for 14 years a n d closed in M ay 1999. Or e produ c tion totalled 4 .65 Million to n nes at 12.28 % Zn, 5.65% Pb, and 87 g/ t Ag.

The p o ssibility of a large zinc, lead and sil v er deposit i n the White B omb/Glen L uckie area i s sugge s ted by simil a rity of its s e tting to Wo o dcutters min e , the great t hicknesses o f significantl y miner a lised graphitic and pyritic sediments d rilled and th e large later a l extent of t h e associate d promi n ent soil geoc h emical ano m aly.

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

P rojects

Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5)

Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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Figure 8 Location of Winchester magnesium carbonate open pit relative to historical RC and DD drilling and soil Zn anomalies reported on 23 November 2016 (overlayed on a 3D soil Zn grid)

White Bomb is loc a ted on a mi n eralised tren d extending over 4km, which is part of a 16 km lon g target horizon and i n cludes the n e arby prospe c ts of White Bomb East, th e CRAE lead-zinc prospect, and p o ssibly the Oc c idental lead- z inc prospect .

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 9

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

White Bomb/Glen L uckie prosp e cts are in close proximit y to the ma g nesium carbonate deposit alread y discovered at Winches t er which is located within the adjac e nt mining lease, just fe w kilome t res to the n o rth-west and which is cur r ently nearing developmen t . This proxi m ity to Korab’ s other m ining and exploration ass e ts will provid e for conside r able logistic a nd operational advantage s during both the expl o ration phase and (should a discovery b e made) durin g any future d evelopment.

For de t ails of Wood c utters-style m ineralisation see the repor t of 23 Nove m ber 2016.

White Bomb pros p ect present s all feature s present in the explor a tion model for Zn/Pb/A g miner a lisation base d on the resul t s of the Woo d cutters struc t ural study:

• Proximity t o regional sc a le basement d omes.

• The inters e ction of regio n al scale anti c lines and tra n spressional f a ult zones.  Localised f ault-induced changes in t h e orientation of anticlinal axis or changes in plung e directions.

• Presence o f fault-related medium to s m all scale fol d s, especially d isharmonic folds.

• Fault (she a r) zones cont a ining deformed lamproph y re dykes or s u lphidic quart z veins.  Localised f a ult bends an d dilational fa u lt jogs.

• Fault zone s with associ a ted cross cut t ing mineralis e d quartz vein arrays.

Issue d Capital

Shares: 288 mln Options: 4 mln Last Price: 1.8 cents ASX: KOR BERLIN: C6S.BE

P rojects

Winchester (NT) Magne s ium carbonate (MgCO3) Geolsec (NT) P hosphate rock (P2O5)

Batchelor (NT) Au, Ag, Zn, Pb, Ni, Cu, Co Mt. Elephant (WA) Au, Cu Bobrikovo (UKR) Au, Ag, Pb

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 10