MINERAL COMMODITIES LTD — Capital/Financing Update 2018

Jun 18, 2018

MINERAL COMMODITIES LTD ABN 39 008 478 653 Email: info@mncom.com.au Web: www.mncom.com.au

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Australian Securities Exchange Company Announcements Office

19 June 2018

MRC ENTERS OPTION TO ACQUIRE WESTERN AUSTRALIAN VANADIUM PROJECT

HIGHLIGHTS

• Western Australian vanadium prospect acquired on active Mining Lease

• Initial option to earn 51% for cash consideration of $25,000 and minimum expenditure of $250,000

• Subject to satisfaction of initial option, right to purchase an additional 49% for $500,000

• Historical bulk sample feed grade averaged 55.2% Fe, 12.8% TiO2 and 1.29% V2O5

Mineral Commodities Ltd (ASX: MRC) through its wholly owned subsidiary MRC Exploration Pty Ltd (“the Company” or “MRC”) is pleased to announce it has entered into an Option to Purchase Agreement with Mrs Denise Watts-Butler as executor of the estate of the late Mr RJ Butler to acquire the historical Triple Eight Titanomagnetite Project near Collie in Western Australia (Figure 1). The project is located on a granted Mining Lease (M 70/888) which expires on 25 June 2038.

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Figure 1 – Tenement Location Map

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The project has historical intersections of vanadium rich material hosted in magnetite bearing host rocks – similar to the mineralisation found on other vanadium deposits in WA e.g. Gabanintha (Australian Vanadium Limited).

The deposit appears to be a typical mafic layered gabbro intrusion of unknown extent. Based on aeromagnetic and radiometric survey done in 2007, five highly anomalous areas have been identified that will form the target of exploration drilling.

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Figure 2 – Aeromagnetic anomalies over tenement with historical sampling locations

Significant historical work has been undertaken by the previous tenement holders (privately held since 1996) which include metallurgical tests (Davis Tube, SGS in 2006 and Nagrom in 2008) and geophysical surveys (Fugro 2007). Bulk sampling head grades varied from a respectable 0.45% V2O5 to high grade feed of 1.29% V2O5. These historical tests indicated positive results with upgrading to a product grade of 0.91% to 1.6% V2O5 reported.

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Martite/hematite alteration is limited resulting in a high proportion of the magnetite remaining in association with the magnetite, thereby increasing recoveries. Some of the vanadium is also associated with the ilmenite minerals. Historical resource definition has been hampered by lack of outcrop which forms the first phase of a targeted drill campaign on the granted mining lease. Drill sites have already been identified based on historical aeromagnetic survey work and will be used to confirm historical results as well as to increase the resource definition.

The Triple Eight Project is favourably located with respect to infrastructure, being approximately 3 kilometres from power transmission lines, and 10 to 15 kilometres from light gauge rail and a high pressure gas pipeline spur that connects to the Dampier to Bunbury Natural Gas Pipeline. Distance by rail to the mineral export facilities at Bunbury is approximately 60 kilometres.

MRC intends to apply for a Program of Work (POW) with the Department of Mining, Industry Regulation and Safety so as to commence exploration drilling activities as soon as possible. The proposed exploration program will consist of ten reverse circulations holes drilled to a maximum depth of 50m in each of the anomalous magnetic areas previously identified.

Executive Chairman Mark Caruso said, “MRC’s option to purchase the Triple Eight Vanadium Project is consistent with our corporate strategy of geographical diversification and targeting commodities crucial to the battery technology revolution currently taking place. Vanadium will play a key part in the future of grid energy storage through the use of vanadium flow batteries. This project fits extremely well within the growing MRC pipeline portfolio and offers an excellent opportunity to quickly progress a potentially significant vanadium project”.

Commercial Terms

MRC has negotiated an initial option to earn 51% of the mining lease for cash consideration of $25,000 upon confirmation of the estate’s 100% interest in the mining lease, and minimum exploration expenditure of $250,000 within 24 months.

Further, subject to the successful completion of the initial option, MRC has a right to elect to purchase the remaining 49% of the mining lease for cash consideration of $500,000.

Vanadium Use

Vanadium, like a lot of other specialty / battery metals is currently undergoing a significant market change. China, the largest supplier of vanadium, is being confronted with environmental issues relating to the production of vanadium from imported slag. This is contrasted with China, also the largest consumer of vanadium, requiring more vanadium metal to meet new steel production regulations.

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Vanadium is used in steel to impart strength, toughness, and wear resistance. Apart from its strengthening characteristic, vanadium also inhibits corrosion and oxidation. The highstrength, low-alloy (“HSLA”) steels containing vanadium are widely used for the construction of auto parts, buildings, bridges, cranes, pipelines, rail cars, ships, and truck bodies, including armour plating for military vehicles.

Vanadium is irreplaceable for its role in aerospace applications because vanadium-titanium alloys have the best strength-to-weight ratio of any engineered material yet discovered.

Vanadium is becoming more widely used in green technology applications, especially in battery technology. The Vanadium Redox Battery (“VRB”) consists of an assembly of power cells in which two vanadium-based electrolytes are separated by a proton exchange membrane. The main advantages of the VRBs are:

• a) their nearly unlimited capacity, which is made possible simply by using sequentially larger storage tanks;

• b) their ability to be left completely charged or discharged for long periods of time with no detrimental effects;

• c) the ease of recharging them by replacing the electrolyte if no power source is available to charge it; and

• d) their ability to withstand permanent damage if the electrolytes are accidentally mixed.

A VRB is essentially an on-demand energy storage system where: the electrolyte never wears out and overall maintenance costs are extremely low; energy (electricity) can be stored in liquid form at room temperature almost indefinitely; customers do not have to buy more capacity than they immediately need and can easily add energy and power in modular fashion over time. With a 35 to 50 year battery life, the ability to operate at room temperature with low maintenance and over 35,000 life cycles with instant recharge/ discharge time, the VRB is the cheapest battery solution on a kilo/megawatt hour basis.

For each megawatt of storage in a VRB, about 10 tonnes of high purity vanadium is required.

Given the above factors and uncertainties, investors should not make any investment decisions based solely on the information contained in this release.

- ENDS -

For enquiries regarding this release please contact: Peter Torre – Company Secretary Ph +61 8 6253 1100

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Competent Persons Statements

The information in this report that relates to Exploration Results is based on information compiled by Mr Daniel Hastings, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Hastings is an employee of Hastings Bell Pty Ltd and a consultant to the Company. Mr Hastings has sufficient experience relevant to the type of deposit under consideration to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2012 Edition). Mr Hastings consents to the inclusion in the report of the matters based on the reviewed information in the form and context in which it appears.

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Triple Eight Titanomagnetite Project

(JORC Code, 2012 Edition – Table 1 report)

Section 1 Sampling Techniques and Data

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

Criteria	Commentary	Commentary
Sampling techniques		Surface sampling of outcrop and historical trenches.
		A fixed wing magnetic and radiometric survey was undertaken in 2007 by
		Fugro Airborne Surveys Pty Ltd over the Collie Project area in Western
		Australia using a Cresco 750 aircraft (VH-KPY).
		The survey was flown using a Geometrics G822-A ultra-high sensitivity
		Caesium vapour magnetometer sensor with the sensor mounted in the tail
		stinger of the aircraft. The sensor provides a Larmor signal that is
		processed by high precision counters embedded within the FASDAS to
		provide an operating range of 20,000 to 100,000 nT.
		The radiometric acquisition system consisted of a 256 channel gamma-ray
		spectrometer and detector system.
Flight path logging		The flight path data from the aircraft and the GPS base station were
		transferred onto the field office computer. The aircraft’s precise location
		each second was determined by differentially post-processing the
		synchronized GPS data from the aircraft and GPS base station data.
		The flight path was recovered and plotted daily to ensure it was within
		specification. Any data not within specification was re-flown.
		The flight path data was then merged with the rest of the aircraft and
		diurnal data. Both the aircraft and GPS base station recorded the data in
		the WGS84 datum.
Data preparation		The real-time compensated and uncompensated magnetic data from the
and processing		aircraft recorded every 0.1 second were transferred onto the field office
		computer.
		The raw magnetic data was checked to identify noise and spikes. If the
		noise exceeded the specified tolerances the part of the line affected was
		re-flown.
		After the magnetic data were merged with the digital flight path the
		following sequence of operations were carried out to allow inspection and
		verification of the data.
		Spectrometer data from the aircraft were transferred onto the field office
		computer. The data was verified to check that readings during the course
		of the survey did not exceed the specified tolerances and for equipment
		reliability.
		The processing procedures applied to the magnetic data are summarised
		below:
		 Apply any spike corrections to the compensated magnetic variables.
		 Interpolate undefined magnetic values.
		 Co-ordinate the data with post-processed GPS data.
		 Filter diurnal values and subtract them from individual compensated

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Criteria	Commentary	Commentary	Commentary
			magnetic readings.
			Apply parallax correction.
			Correct for regional effects of the earth’s magnetic field by calculating
			the IGRF value at each fiducial using IGRF model 2005 and secular
			variation model. A base value was added back.
			Using the tie lines (flown at 90 degrees to the traverse lines) a set of
			miss-tie values were determined. These miss-tie values reflected the
			differences in the magnetic value between the tie lines and traverse
			lines over the same geographical point. Using a least squares fit
			algorithm, which also takes into account the statistical variation
			inherent in DGPS positioning, a series of corrections were applied to
			the traverse line data. These allowed the data to be levelled to the
			same base value.
			Following this, a FAS proprietary micro-levelling process was applied
			in order to more subtly level the data.
			The final levelled magnetic data were gridded using a bi-directional
			spline algorithm. The data was gridded with a cell size of 10 m.
		The radiometric data was processed using the standard IAEA window
		processing technique as summarised below:
			Co-ordinate the data with post-processed GPS data.
			Apply spike corrections to the radar altimeter, temperature and
			pressure values.
			Apply parallax corrections to altimeter, temperature and pressure
			values.
			Apply NASVD filtering to the 256 channel radiometric data.
			Correct for dead time.
			Calculate the equivalent terrain clearance at STP (standard
			temperature and pressure).
			Remove aircraft background.
			Remove cosmic background.
			Window the 256 channel data using the IAEA standard energy
			windows.
			Remove radon background.
			Apply stripping ratios.
			Apply height corrections.
			Using the tie lines (flown at 90 degrees to the traverse lines) a set of
			miss-tie values were determined. These miss-tie values reflected the
			differences in the value between the tie lines and traverse lines over
			the same geographical point. Using a least squares fit algorithm,
			which also takes into account the statistical variation inherent in DGPS
			positioning, a series of corrections were applied to the traverse line
			data. These allowed the data to be levelled to the same base value.
			Following this, a Fugro proprietary micro-levelling process was applied
			in order to more subtly level the data.
Geophysical data		A comparison of the magnetic contour plan and the digital terrain model
interpretation		suggests that the magnetic anomalies are associated with hills. This

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Criteria	Commentary	Commentary
approach		suggests that the harder basement rocks are closest to the surface on the
		hills, with deeper weathering in the drainage courses. Therefore, magnetic
		anomalies associated with titaniferous magnetite bodies would be
		enhanced over the ridges and reduced when found in drainage channels.
		The total count radiometric field exhibits a similar pattern to the
		magnetics for different reasons. The radiometric highs over the hills
		indicate residual laterite features. The lower level hills provide low total
		count responses. The laterite has been removed in the drainage features
		where the surface rocks are either sands or clays.
Sub-sampling		Single bulk sample taken in 2006 from old prospecting trench (AGD84,
techniques and		Zone 50 : 6332273N, 420522E) : 198kg.
sample preparation		Additional bulk sample, 100kg taken in 2008, 40m to the west of 2006
		sample site, on outcrop of magnetite gabbro (AGD84, Zone 50 :
		6332271N,420483E).
Quality of assay data		2006 Bulk sample sent to SGS (Malaga, WA) for beneficiation work (SGS
and laboratory tests		JOB No: 09976 – 22/08/2006).
		Additional beneficiation testwork completed by Nagrom, WA in 2008 (Test
		Batch T094, 18/09/2008).
		Magnetic separation on -2mm crushed material using Davis Tube
		equipment as per below:
		 Test charges with an 80 per cent passing size (P80) of 300, 212, 106
		and 75 microns were prepared in the laboratory rod mill. A 30 gram
		sample of each was then split out for Davis Tube magnetic separation.
		 The samples of each feed size were passed through a 45mm diameter
		Davis Tube apparatus, set to 3000 gauss and operated in two passes
		(rougher and cleaner). The products were collected, dried and
		weighed, then sent to Ultratrace Laboratories for analysis by XRF.
		 Head assays were determined by XRF Fusion Technique.
Location of data		Handheld GPS – 5m accuracy for bulk sample locations.
points
Data spacing and		Two single bulk samples taken 40m apart.
distribution		The following geophysical survey parameters were employed:
		 Nominal Terrain Clearance = 60 m
		 Traverse Line Spacing = 50 m
		 Traverse Line Direction = 000 – 180 deg
		 Traverse Lines = 10001 - 10021
		 Tie Line Spacing = 455 m
		 Tie Line Direction = 090 – 270 deg
		 Tie Lines = 19001 – 19011
		 Total Survey Line Kilometres = 160 km
Orientation of data		Current Structure and mineralization control is unknown.
in relation to
geological structure
Sample security		Laboratory used are certified.

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Criteria	Commentary	Commentary
Audits or reviews		The current planned field work will be the first stage in reviewing the
		historical reported grades.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	Commentary	Commentary
Mineral tenement		The tenement is live and active under ID M 70/888 with and expiry date of
and land tenure		25/06/2038.
status		The tenement is being held under a 50:50% shareholding by R J Butler
		(deceased) and S MacDonald with MRC having an option to acquire 100%
		shareholding.
Exploration done by		Prior to 2006, no previous mineral exploration has been reported for the
other parties		tenement. Several shallow trenches occur on the tenement exposing a
		titanomagnetite horizon and magnetite gabbro. The origin of these
		trenches is uncertain, but it is understood these were excavated during the
		1930s, possiblyfor heavyweight aggregate.
Geology		The project occurs in the Boddington Granite – Greenstone Terrane of the
		southwestern Archaean Yilgarn Craton.
		It is thought the titanomagnetite is a remnant of a much older layered
		intrusion, possibly related to the remnants of a_ca_3.0 Ga layered mafic
		intrusion observed at Coates and Bindoon (Butler-Blaxell, 2001) to the
		north of Perth, and also in the Katanning area of the southwest (Ash,
		2010), all of which are known to host orthomagmatic vanadium
		mineralisation.
		The exposures of titanomagnetite are medium grained and massive in
		texture, with evidence of partial martite replacement of magnetite. Under
		the hand lens and binocular microscope, the trellis textured (octahedral
		lamellae) exsolution features typical of titanomagnetite are observed,
		however the exsolution textures do not seem as intense as in other
		titanomagnetite deposits such as Balla Balla.
Geophysical		Five magnetic anomalies have been mapped at the following coordinates:
anomalies and structure		 Anomaly 1 – 420850mE 6333600mN  Anomaly 2 – 420700mE 6333200mN
		 Anomaly 3 – 421000mE 6332125mN
		 Anomaly 4 – 421550mE 6333500mN
		 Anomaly 5 – 421500mE 6332600mN
		The principal fault or shear directions are northwest and northeast.
		Five total radiometric highs have been mapped. They are considered to
		be concentrations of laterite on the topographic ridges. The principal
		lineaments are northeast-southwest trending and have controlled the
		water flow through the near surface rocks.
Data aggregation		Not applicable.
methods

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Criteria	Commentary	Commentary
Relationship between		Not applicable.
mineralisation
widths and intercept
lengths
Diagrams		The diagram in the body of this release is derived from the airborne
		geophysical surveyundertaken byFugro in 2007.
Balanced reporting		The information presented here is believed to be representative of the
		exploration results referred to in the attached release.
Other substantive		No other substantive exploration data on the area of interest is currently
exploration data		held by the tenement holder.
Further work		To be announced to the market in the near future.

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Figure 3 – Bulk Sample Location Map

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Fe (total)	45.9%
TiO2	25.30%
V2O5	0.45%
CaO	0.02%
Al2O3	6.33%
SiO2	1.37%
Cr2O3	0.01%
LOI(1000)	0.27%

Table 1 – Head Assay for Bulk Metallurgical Sample

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Figure 4 – Surface Sample Location Map

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**Sample_ID **	MGA(mN)	MGA(mE)	Ag	Al	As	Au	Ba	Be	Bi	Ca	Cd	Co	Cr	Cs	Cu	Ga	In	K	Li	Mg	Na	Ni	P	Pb	Rb	Re	S	Sc	Sr	Ti	Tl	V	Zn
1688 1689 1690 1691 1692 1693 1694 1695 1696 1697 1698 1699 1700 1301 1302 B351 B352 B353 B354 B355 B356 B357 B358 B366 B365 B364 B363 B362 B361 B360 B359 B367 B368 B369 B370 B371 B372 B373 B374	6,333,300 6,333,300 6,333,300 6,333,300 6,333,300 6,333,300 6,333,300 6,333,300 6,333,200 6,333,200 6,333,200 6,333,200 6,333,200 6,333,200 6,333,200 6,332,900 6,332,900 6,332,900 6,332,900 6,332,900 6,332,900 6,332,900 6,332,900 6,333,000 6,333,000 6,333,000 6,333,000 6,333,000 6,333,000 6,333,000 6,333,000 6,333,100 6,333,100 6,333,100 6,333,100 6,333,100 6,333,100 6,333,100 6,333,100	420,700 420,750 420,800 420,850 420,900 420,650 420,600 420,550 420,700 420,750 420,800 420,850 420,650 420,600 420,550 420,600 420,650 420,700 420,750 420,800 420,850 420,900 420,950 420,600 420,650 420,700 420,750 420,800 420,850 420,900 420,950 420,600 420,650 420,700 420,750 420,800 420,850 420,900 420,950	0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 3 0 4 0 0 2 0 0 0 1 0 5 5 0 5 0 1 1 0 1 0 0 1	32800 139790 112610 83040 29270 28680 20100 23020 52760 32670 87750 14930 145520 98760 150690 107010 130460 161360 147840 146110 116880 112810 109330 139410 113960 117350 131640 166100 156700 168030 195920 184940 135170 137620 168280 158400 128960 79400 18600	25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25 25	0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01	10 20 20 40 55 15 15 10 15 25 15 15 15 15 20 3 10 10 5 3 3 3 3 5 10 3 3 10 10 10 5 5 10 5 10 10 20 15 15	0.3 1.0 1.0 1.0 0.5 0.3 0.3 0.3 0.3 0.3 0.5 0.3 1.0 1.0 1.5 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.5 1.5 1.0 1.5 0.5 1.0 1.0 1.0 1.0 1.0 1.0 1.5 1.5 1.0 1.0 1.0 <0.5	0.1 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.3 0.1 0.1 0.2 0.2 0.1 0.2 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.1 0.1 0.1	450 1035 425 1140 1115 740 675 190 615 1055 815 1295 595 775 555 755 520 400 260 365 480 180 180 165 290 230 185 435 410 295 475 460 355 270 205 130 1670 1255 260	0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0	3 3 3 3 5 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 5 3	320 220 180 205 225 220 190 150 165 150 200 260 195 185 220 305 325 175 320 230 170 145 105 15	2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 0.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5	5 10 5 5 5 5 5 5 5 5 5 5 5 10 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 20 5 5 5 5 5 5 5 5	15 60 55 45 10 10 5 10 20 15 35 5 50 40 55 65 70 75 65 70 55 50 50 50 50 70 60 65 65 65 45 50 65 80 90 60 55 35 5	0.1 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.6 0.4 0.4 0.4 0.6 0.4 0.3 0.2 0.2 0.2 0.3 0.4 0.5 0.5 0.5 0.3 0.4 0.6 0.7 0.4 0.4 0.2 0.2 0.1	300 300 300 500 400 300 300 200 300 300 200 300 200 400 300 300 300 400 200 200 200 100 200 100 200 200 100 300 200 300 100 200 300 200 200 100 200 300 300	10 3 3 10 10 3 3 3 5 3 3 3 3 5 3 10 5 5 5 5 5 3 3 3 3 5 3 5 5 3 5 3 5 5 3 3 3 3 3	145 275 190 370 410 245 185 100 160 295 205 235 155 255 210 225 185 200 155 155 185 105 130 95 140 120 110 155 145 155 180 185 160 170 135 100 255 435 175	50 50 50 100 200 100 50 300 50 100 0 50 50 50 50 50 50 200 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50	3 10 15 20 20 5 5 3 5 5 10 10 3 5 15 30 20 20 25 25 20 20 20 20 20 20 25 25 20 25 20 30 20 25 20 20 15 25 10	115 285 240 190 75 100 70 65 145 140 345 175 180 155 255 450 330 255 380 415 345 340 365 335 320 330 355 405 390 335 360 330 400 390 475 375 335 405 105	20 30 30 10 5 5 5 10 20 10 20 5 10 20 20 30 30 20 30 30 20 30 30 30 30 20 20 5 10 10 30 10 40 30 30 20 20 20 10	1.5 1.0 1.5 2.5 2.0 1.0 1.0 1.0 1.5 1.5 1.5 1.0 1.0 2.0 1.5 2.5 4.0 4.5 2.0 2.5 2.5 1.5 2.5 1.5 2.5 2.0 2.0 3.0 3.0 3.5 4.0 2.0 4.5 3.5 3.0 3.5 5.5 5.0 2.5	0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03	100 400 350 150 150 150 150 100 200 100 400 100 400 250 400 300 450 400 400 400 350 350 350 500 350 300 350 500 450 600 500 400 400 400 550 500 600 300 50	4 16 17 15 4 3 2 2 3 4 4 2 6 4 10 21 11 8 27 32 23 16 11 12 17 12 19 24 25 33 59 40 22 22 17 17 10 11 3	10 20 10 15 20 15 15 10 15 15 15 20 10 15 10 5 10 5 5 5 5 5 3 5 5 3 5 5 5 5 5 5 15 10 10 10 25 20 5	6260 4780 4370 6910 6520 5700 4120 2580 4720 3210 4340 5650 5640 5490 5720 9250 7420 4730 5890 5100 5200 6620 4680 5540	0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.10 0.10 0.10 0.10 0.05 0.03 0.03 0.05 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03	170 1110 990 560 60 120 60 80 200 110 230 30 450 350 450 620 450 340 390 510 430 400 390 460 360 530 580 470 450 430 720 720 440 770 790 590 470 310 30	3 10 3 15 10 3 3 3 3 3 3 3 5 5 5 3 3 3 10 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 10

Table 2 – Surface Sample Assay Results

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