MINERAL COMMODITIES LTD — Regulatory Filings 2017

Sep 12, 2017

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

==> picture [147 x 58] intentionally omitted <==

Australian Securities Exchange Company Announcements Office

13 September 2017

FURTHER RESOURCE INFORMATION ON THE MUNGLINUP GRAPHITE PROJECT

Further to Mineral Commodities Ltd’s (ASX: MRC) (“MRC” or “the Company”) release of 11 September 2017, in respect to the execution of a binding Term Sheet with Gold Terrace Pty Ltd (“Gold Terrace”) to farm into the Munglinup Graphite Project (“Munglinup” or “the Project”), MRC provides the attached additional Information which summaries the important assessment and reporting criteria used for the Munglinup Graphite Deposit.

The attached table should be read in conjunction with the ASX release of 11 September 2017.

MRC has already commenced procedures for the completion of the final Joint Venture Agreement and satisfaction of all conditions precedent to the transaction.

- ENDS -

For enquires regarding this release please contact: Peter Torre – Company Secretary Ph +61 8 6253 11

36 – 40 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: info@mncom.com.au

Page 1

Munglinup (JORC Code, 2012 Edition – Table 1 report) Section 1 Sampling Techniques and Data

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

Criteria	JORC Code explanation	Commentary	Commentary
Sampling	• Nature and quality of sampling (eg cut channels, random chips, or	•	The current resource database consists of 161 air core holes
techniques	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 (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge	• •	and 38 diamond holes representing 6612m of drilling and 2738 analyzed drill samples. Air core (undertaken by Graphite Australia) ore zone intervals were sampled every meter using a scoop spear and the material bagged and numbered. Waste was not sampled except for a small buffer either side of the mineralisation. Diamond drilling (undertaken by Graphite Australia) ore zone intervals were sampled every meter except for ore boundaries where longer or shorter interval was taken. Waste was not sampled except for a small buffer either side of the mineralisation.
	for fire assay’). In other cases more explanation may be required,
	such as where there is coarse gold that has inherent sampling
	problems. Unusual commodities or mineralisation types (eg
	submarine nodules) may warrant disclosure of detailed information.
Drilling	• Drill type (eg core, reverse circulation, open-hole hammer, rotary air	•	Diamond drilling was done using HQ triple tube.
techniques	blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other _type, whether core is oriented and ifso, by what method, etc). _	•	The mineralisation occurs from surface and drilling was done to a maximum of 61.1m depth.
Drill sample	• Method of recording and assessing core and chip sample recoveries	•	No continuous data was recorded on core or chip recovery. Only
recovery	and results assessed.		poor sample quality and recovery was recorded for air core.
	• Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade	•	Due to the style of the deposit it is considered that any material loss is not significant to the estimation of mineralisation.
	and whether sample bias may have occurred due to preferential
	loss/gainof fine/coarse material.
Logging	• Whether core and chip samples have been geologically and	•	The current resource database consists of 161 air core holes
	geotechnically logged to a level of detail to support appropriate		and 38 diamond holes representing 6604m of drilling that were
	Mineral Resource estimation, mining studies and metallurgical _studies. _		initially logged by onsite geologists. Diamond core was relogged

2

Criteria	JORC Code explanation	Commentary	Commentary
	• Whether logging is qualitative or quantitative in nature. Core (or		and resampled in 2016.
	costean, channel, etc) photography.	•	The data and results obtained from the 2012-2013 (Graphite
	• The total length and percentage of the relevant intersections logged.		Australia) drilling campaign were compared with the new logging
			and lab results from 2016 (AEMCO) as well as the historical
			logging and grades from the 1986 diamond holes by Sons of
			Gwalia. The two datasets were correlated to an acceptable
			level.
		•	A comprehensive logging system was developed and included
			alteration (type, style and intensity), grain size, rock type /
			lithology, colour, minerals, textures, fabric, parent rock (where
			fresh), sedimentary setting and, graphite class and grade.
		•	Geotechnical aspects in the form of RQD parameters were also
			recorded for the diamond core as well as specific structures and
			details in this regard e.g. alpha angles.
Sub-sampling	• If core, whether cut or sawn and whether quarter, half or all core	•	Air core was sampled using a scoop spear.
techniques	taken.	•	Diamond core was cut by a diamond impregnated blade core
and sample preparation	• 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		saw and half core sampled. Re-sampling of the remaining core in 2016 for data validation purposes (422 core samples including 26 duplicates and 19 repeat samples) used quarter core.
	sample preparation technique.	•	Duplicates (quarter core) were taken every 20 meters during the
	• Quality control procedures adopted for all sub-sampling stages to		Graphite Australia drilling program.
	maximise representivity of samples.
	• Measures taken to ensure that the sampling is representative of the in
	situ material collected, including for instance results for field
	duplicate/second-half sampling.
	• Whether sample sizes are appropriate to the grain size of the material
	_being sampled. _
Quality of	• The nature, quality and appropriateness of the assaying and	•	Standards were inserted every 20 meters. No blanks were used
assay data and	laboratory procedures used and whether the technique is considered partial or total.	•	in addition to normal laboratory QAQC protocols. Sample analysis was undertaken by Nagrom in Perth for the
laboratory tests	• 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	•	Graphite Australia samples. The graphite content is reported as Total Graphitic Carbon (TGC). Prepared samples were dissolved in HCl over heat until
	derivation, etc.		all carbonate material is removed. The residue is then heated to
	• Nature of quality control procedures adopted (eg standards, blanks,		drive off organic content. The final residue is combusted in
	duplicates, external laboratory checks) and whether acceptable levels		oxygen with a Carbon-Sulphur Analyser and analysed for Total
	of accuracy (ie lack of bias) and precision have been established.		Graphitic Carbon (TGC).
		•	Sample analysiswas undertakenbyAnalabsin Perth forthe

3

Criteria	JORC Code explanation	Commentary	Commentary
			Gwalia Minerals NL samples. Two methods were used.
		•	Fixed carbon (>40%C) – C graphite is determined as an
			expression of fixed carbon which is calculated by subtracting the
			sum of the percentages of moisture in the sample, volatile matter
			and ash from 100 (BS1016 methodology)
		•	Fixed carbon (<40%C) - the sample is washed with organic
			solvents, filtered and washed with NaOH solution, the sample is
			then attacked with hot 1:1 HCL to remove carbonates, washed
			and dried at 105oC, the residue is analysed for carbon by
			converting the carbon to CO2 in a Leco furnace and measuring
			by infra-red.
		•	Eleven check samples (pulps) from Analabs were sent to Classic
			Laboratories for cross checks. Classic Laboratories washed the
			samples with dilute HCL to remove carbonates, ash at 450oC to
			remove organic carbon and assay by Leco furnace for the
			remaining fixed carbon / C graphite. Check assays >10% fixed
			carbon were all within ±10% of the original Analabs assay.
			Analabs assays within the range 5% -10% fixed carbon were
			approximately 15% lower than Classics check assays.
Verification	• The verification of significant intersections by either independent or	•	Four twin holes were drilled by Graphite Australia near (8-14m)
of sampling	alternative company personnel.		the historical diamond holes by Sons of Gwalia.
and assaying	• The use of twinned holes. • Documentation of primary data, data entry procedures, data	•	The database containing drilling data and results was provided by Graphite Australia. A review of the data was done by the
	verification, data storage (physical and electronic) protocols.		project field geologist Mr Luke Forti and the accuracy of the data
	• Discuss any adjustment to assay data.		was discussed with him during a number of meetings with
			AEMCO during 2015. Confirmation on the integrity and
			accuracy of the data was provided.
		•	A visual review of the diamond core was then done by AEMCO
			in 2016 to confirm the historical logging by Graphite Australia.
			Any outstanding information was recovered from the diamond
			core and updated geological logs were created.
		•	Diamond core was relogged and resampled in 2016. 422 Core
			samples were re-analyzed by Nagrom during April 2016,
			including 26 duplicate and 19 repeat samples to confirm grade
			results. GGC01, GGC08 & GGC09 standards were used.
		•	The data and results obtained from the 2012-2013 (Graphite
			Australia)drillingcampaign were compared with the new logging

4

Criteria	JORC Code explanation	Commentary	Commentary
			and lab results from 2016 (AEMCO) as well as the historical
			logging and grades from the 1986 diamond holes by Sons of
			Gwalia. Any discrepancies or errors were either corrected or the
			results rejected.
Location of	• Accuracy and quality of surveys used to locate drill holes (collar and	•	All exploration drillhole collars were re-surveyed to 0.05m
data points	down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.		accuracy by Esperance Surveys in July 2016. In total 90% (179 holes) were re-surveyed to confirm location integrity. Average
	• Specification of the grid system used.		variation from the original field survey in all directions was less
	• Quality and adequacy of topographic control.		than 2m.
		•	Air core holes were down hole surveyed at the end of the hole
			only. Diamond drill holes were surveyed at 30m depth and the
			end of hole.
		•	Local grids were established at each of the prospects then later
			converted to GDA94. Hole collars were originally surveyed by
			GPS only.
Data spacing	• Data spacing for reporting of Exploration Results.	•	Drill spacing:
and	• Whether the data spacing and distribution is sufficient to establish the		o Halberts Main Zone: (Drill Grid 50 x 20m).
distribution	degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and		o Halbert South Zone: (Drill Grid 40 x 20 & 40 x 10 infill) o Harris Area: (Drill Grid 40 x 20m)
	classifications applied.		o McCarthy West Area: (Drill Grid 40 x 20)
	• Whether sample compositing has been applied.		o McCarthy East(Wright) Area: (Drill Grid 40 x 10)
Orientation of	• Whether the orientation of sampling achieves unbiased sampling of	•	The deposits were drilled at approximately -60° to intersect the
data in	possible structures and the extent to which this is known, considering		mineralised zoned approximately orthogonal to the interpreted
relation to	the deposit type.		dip and strike of the geological units.
geological structure	• 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.	•	The interpreted mineralised zones correlated extremely well with historical interpretations done by Sons of Gwalia in the 1980’s and 1990’s and high degree of confidence in the orientation and
			zoning of the graphite mineralisation is noted.
Sample	• The measures taken to ensure sample security.	•	Graphite Australia followed a disciplined QA/QC process as is
security			evident from their database and chain of command documents.
		•	AEMCO followed the same procedure and personally took all
			resampled material to Nagrom and recovered the processed
			sample material for storage with the remaining core and air core
			samples at a secured location in Welshpool, WA.

5

Criteria	JORC Code explanation	Commentary	Commentary
Audits or	• The results of any audits or reviews of sampling techniques and data.	•	An audit was conducted by Coffey Mining Pty Ltd in 2011 prior to
reviews			the additional drilling undertaken by Graphite Australia. The
			review stated; “Resources and reserves are assessed to be non-
			JORC compliant, given the age and the lack of available core.
			However, given the level of documentation provided, and the
			extent to which an auditable trail exists in relation to the
			modelled resources and reserves, the metrics presented are
			credible and serve as basis for project decision making.”
		•	The 2012-2013 exploration work done by Graphite Australia
			during was reviewed and completed by AEMCO in 2015 and
			2016 and from this review a maiden JORC 2012 resource was
			determined.

Section 2 Reporting of Exploration Results

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

Criteria	JORC Code explanation	Commentary	Commentary
Mineral	• Type, reference name/number, location and ownership including	•	The tenements (M74/75 & E74/505) are situated on the
tenement and	agreements or material issues with third parties such as joint		Ravensthorpe SI 51-5 and North-Over 3031, 1:250,000 and
land tenure status	ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.	•	1:100,000 geological sheets respectively. Mining Lease 74/245 was granted on the 26 August 2010 for a term of 21 years. The Lease is 685 hectares in area.
	• The security of the tenure held at the time of reporting along with any	•	Exploration License 74/505 of 2 block size was granted on 23
	known impediments to obtaining a licence to operate in the area.		October 2012 for a period of 5 years.
		•	Gold Terrace Pty Ltd are the current registered owners of the
			Munglinup Mining Lease (M74/245) and Exploration License
			E74/505.
		•	There is a caveat on the tenements relating to a 2% gross
			royalty liability with Adelaide Prospecting as the beneficiary.
		•	The fully granted mining lease is valid to August 2031.
		•	The tenements are located in a fully gazetted mining reserve,
			with no native title or private land ownership issues.

6

Criteria	JORC Code explanation	Commentary	Commentary
Exploration	• Acknowledgment and appraisal of exploration by other parties.	•	Metals Exploration NL – (1971-1972)
done by other		•	Norseman Gold Mines – (1979-1980)
parties		• •	Pioneer Concrete – (1985-1986) Gwalia Minerals NL – (1988 – 1989)
		•	Sons of Gwalia – Gwalia Minerals: Feasibility Studies – (1989 to
			1991)
		•	Adelaide Prospecting – (2007-2010)
		•	Graphite Australia (2010-2013)
Geology	• Deposit type, geological setting and style of mineralisation.	•	The Munglinup area comprises Archean to Paleoproterozoic,
			metamorphosed granitic and other metamorphic rocks of the
			Albany–Fraser Orogen, typically hornblende (± garnet) gneiss
			and migmatite.
		•	Within the gneissic rock mass, rocks containing the Munglinup
			graphite deposits consist of a succession of tightly folded
			metasedimentary rocks with a consistent dip to the southeast.
		•	The classification scheme most widely accepted for graphite
			deposits was introduced by Cameron (1960). It classifies known
			graphite deposits into five categories reflecting the different
			types of graphite.
		•	Using this classification scheme, it is most likely that the
			Munglinup deposit can be characterized as a type 1,
			disseminated flake graphite in silica-rich meta-sediments
			deposit.
Drill hole	• A summary of all information material to the understanding of the	•	This information is included in the drill hole collar tables below.
Information	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 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. _

7

Criteria	JORC Code explanation	Commentary	Commentary
Data	• In reporting Exploration Results, weighting averaging techniques,	•	No cut-off grades were applied to exploration data.
aggregation methods	maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.	•	See detail regarding resource assessment.
	• 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. _
Relationship	• These relationships are particularly important in the reporting of	•	Inclined air core and diamond drilling (HQ3) was done to try and
between	Exploration Results.		intersect the different graphite zones as close to true width as
mineralisatio	• If the geometry of the mineralisation with respect to the drill hole		possible. Average dip angle was 60°.
n widths and intercept lengths	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 (eg ‘down hole length, true width not known’).
Diagrams	• Appropriate maps and sections (with scales) and tabulations of	•	Drill hole collar location plans and sections given below.
	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. _
Balanced	• Where comprehensive reporting of all Exploration Results is not	•	See results from the Resource Assessment (section 3 of Table
reporting	practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of		1)
	_Exploration Results. _
Other	• Other exploration data, if meaningful and material, should be reported	•	See results from the Resource Assessment (section 3 of Table
substantive	including (but not limited to): geological observations; geophysical		1)
exploration data	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. _
Further work	• The nature and scale of planned further work (eg tests for lateral	•	To be announced to the market in the near future.
	extensions or depth extensions or large-scale step-out drilling).
	• Diagrams clearly highlighting the areas of possible extensions,
	including the main geological interpretations and future drilling areas,
	_provided this information is not commercially sensitive. _

8

HOLE ID	ZONE	FROM (m)	TO (m)	INTERVAL (m)	AVERAGE GRADE TGC(%)
GAMA015	Halbert Main	38	45	7.0	34.91
GAMD013	Halbert Main	38.45	42	3.6	34.90
GAMD016	Halbert Main	24.94	34.94	10.0	34.25
GAMA008	Halbert Main	32	39	7.0	32.89
GAMA006	Halbert Main	25	37	12.0	32.37
GAMA090	Wright	10	17	7.0	30.13
GAMA148	McCarthy	41	42	1.0	30.00
GAMD013	Halbert Main	49.16	57.27	8.1	29.04
GAMA015	Halbert Main	29	45	16.0	28.59
GAMA009	Halbert Main	51	61	10.0	28.18
GAMD010	Halbert Main	29.55	37.8	8.3	27.69
GAMA149	McCarthy	45	51	6.0	27.23
GAMA092	Wright	16	23	7.0	26.66
GAMD014	Halbert Main	52.49	58.7	6.2	26.13
GAMA003	Halbert Main	13	30	17.0	24.32
GAMA005	Halbert Main	10	19	9.0	23.18
GAMA061	Halbert South	33	40	7.0	21.74

Selected High Grade Intercepts from various areas

9

==> picture [301 x 700] intentionally omitted <==

Drill Collar Locations for Halberts South Deposit

10

==> picture [371 x 681] intentionally omitted <==

Drill Collar Locations for Halberts Main Deposit

11

==> picture [432 x 390] intentionally omitted <==

Drill Collar Locations for Harris Deposit

12

==> picture [427 x 430] intentionally omitted <==

Drill Collar Locations for McCarthy West Deposit

13

==> picture [415 x 410] intentionally omitted <==

Drill Collar Locations for McCarthy East/Wright Deposit

14

==> picture [483 x 436] intentionally omitted <==

Sectional View of Halberts South Deposit

Section perpendicular to mineralisation strike, looking towards 334 degrees. Green shapes define low Graphite Mineralisation (TGC between 1% and 5%), Brown shapes define mid Graphite Mineralisation (TGC between 5% and 10%), and Grey shapes define mid to high Graphite Mineralisation (TGC between 10% and 15%).

15

==> picture [730 x 394] intentionally omitted <==

Sectional View of Halberts South Deposit

Section perpendicular to mineralisation strike, looking towards 334 degrees. Green shapes define low Graphite Mineralisation (TGC between 1% and 5%), Brown shapes define mid Graphite Mineralisation (TGC between 5% and 10%), Light Grey shapes define mid to high Graphite Mineralisation (TGC between 10% and 15%), and Dark Grey shapes define high Graphite Mineralisation (TGC >15%).

16

List of Air Core holes drilled at Munglinup

Project	Prospect	Hole_ID	NAT_GRID_ID	NAT_EAST	**NAT_NORTH **	Elevation	Survey Method	**Azimuth **	MAG_Azimuth	Dip	Max_Depth	Company	Drill_Date
Munglinup	Halberts Main Zone	GAMA001	GDA94 - MGA Zone 51	301627	6272591	85	GPS	256	255.857	-60	38.0	Graphite Australia	12/03/2013
Munglinup	Halberts Main Zone	GAMA002	GDA94-MGA Zone 51	301647	6272596	83	GPS	255	254.857	-60	26.0	Graphite Australia	13/03/2013
Munglinup	Halberts Main Zone	GAMA003	GDA94-MGA Zone 51	301668	6272603	83	GPS	256	255.857	-60	31.0	Graphite Australia	13/03/2013
Munglinup	Halberts Main Zone	GAMA004	GDA94-MGA Zone 51	301683	6272606	81	GPS	265	264.857	-60	31.0	Graphite Australia	13/03/2013
Munglinup	Halberts Main Zone	GAMA005	GDA94-MGA Zone 51	301632	6272633	87	GPS	258	257.857	-60	27.0	Graphite Australia	13/03/2013
Munglinup	Halberts Main Zone	GAMA006	GDA94-MGA Zone 51	301652	6272636	84	GPS	258	257.857	-60	43.0	Graphite Australia	13/03/2013
Munglinup	Halberts Main Zone	GAMA007	GDA94-MGA Zone 51	301595	6272710	90	GPS	256	255.857	-60	39.0	Graphite Australia	13/03/2013
Munglinup	Halberts Main Zone	GAMA008	GDA94-MGA Zone 51	301614	6272714	90	GPS	256	255.857	-60	45.0	Graphite Australia	14/03/2013
Munglinup	Halberts Main Zone	GAMA009	GDA94-MGA Zone 51	301633	6272718	88	GPS	258	257.857	-60	61.0	Graphite Australia	14/03/2013
Munglinup	Halberts Main Zone	GAMA010	GDA94-MGA Zone 51	301501	6272769	91	GPS	254	253.857	-60	36.0	Graphite Australia	14/03/2013
Munglinup	Halberts Main Zone	GAMA011	GDA94-MGA Zone 51	301523	6272772	93	GPS	255	254.857	-60	45.0	Graphite Australia	14/03/2013
Munglinup	Halberts Main Zone	GAMA012	GDA94-MGA Zone 51	301541	6272775	94	GPS	257	256.857	-60	30.0	Graphite Australia	14/03/2013
Munglinup	Halberts Main Zone	GAMA013	GDA94-MGA Zone 51	301561	6272780	93	GPS	256	255.857	-60	32.0	Graphite Australia	14/03/2013
Munglinup	Halberts Main Zone	GAMA014	GDA94-MGA Zone 51	301580	6272785	92	GPS	258	257.857	-60	2.0	Graphite Australia	14/03/2013
Munglinup	Halberts MainZone	GAMA015	GDA94-MGAZone 51	301599	6272791	91	GPS	259	258.857	-60	48.0	Graphite Australia	14/03/2013
Munglinup	Halberts MainZone	GAMA016	GDA94-MGAZone 51	301614	6272793	92	GPS	256	255.857	-60	59.0	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA017	GDA94-MGAZone 51	301540	6272860	94	GPS	257	256.857	-60	19.4	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA018	GDA94-MGAZone 51	301556	6272863	94	GPS	257	256.857	-60	11.0	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA019	GDA94-MGAZone 51	301577	6272871	93	GPS	253	252.857	-60	16.4	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA020	GDA94-MGAZone 51	301515	6272938	94	GPS	258	257.857	-60	34.0	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA021	GDA94-MGAZone 51	301534	6272941	97	GPS	251	250.857	-60	31.0	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA022	GDA94-MGAZone 51	301551	6272946	96	GPS	250	249.857	-60	23.0	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA023	GDA94-MGAZone 51	301492	6273023	98	GPS	265	264.857	-60	23.0	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA024	GDA94-MGAZone 51	301511	6273022	99	GPS	256	255.857	-60	8.0	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA025	GDA94-MGAZone 51	301531	6273023	98	GPS	256	255.857	-60	48.0	Graphite Australia	19/03/2013
Munglinup	Halberts MainZone	GAMA026	GDA94-MGAZone 51	301469	6273177	93	GPS	256	255.857	-60	17.0	Graphite Australia	20/03/2013
Munglinup	Halberts MainZone	GAMA027	GDA94-MGAZone 51	301491	6273181	92	GPS	259	258.857	-60	42.0	Graphite Australia	20/03/2013
Munglinup	Halberts Main Zone	GAMA028	GDA94 - MGA Zone 51	301510	6273181	94	GPS	262	261.857	-60	23.0	Graphite Australia	20/03/2013
Munglinup	Harris	GAMA029	GDA94 - MGA Zone 51	301837	6273152	96	GPS	305	304.857	-60	60.0	Graphite Australia	20/03/2013
Munglinup	Harris	GAMA030	GDA94-MGAZone 51	301852	6273143	97	GPS	306	305.857	-60	25.0	Graphite Australia	20/03/2013
Munglinup	Harris	GAMA031	GDA94-MGAZone 51	301819	6273224	98	GPS	307	306.857	-60	35.0	Graphite Australia	20/03/2013
Munglinup	Harris	GAMA032	GDA94-MGAZone 51	301833	6273214	98	GPS	309	308.857	-60	48.0	Graphite Australia	20/03/2013
Munglinup	Harris	GAMA033	GDA94-MGAZone 51	301850	6273201	98	GPS	301	300.857	-60	45.0	Graphite Australia	20/03/2013
Munglinup	Harris	GAMA034	GDA94-MGAZone 51	301864	6273187	96	GPS	307	306.857	-60	51.0	Graphite Australia	21/03/2013
Munglinup	Harris	GAMA035	GDA94-MGAZone 51	301876	6273173	95	GPS	308	307.857	-60	49.0	Graphite Australia	21/03/2013
Munglinup	Harris	GAMA036	GDA94-MGAZone 51	301893	6273162	95	GPS	308	307.857	-60	47.0	Graphite Australia	21/03/2013
Munglinup	Harris	GAMA037	GDA94 - MGA Zone 51	301867	6273287	103	GPS	308	307.857	-60	27.0	Graphite Australia	21/03/2013

17

Project	Prospect	Hole_ID	NAT_GRID_ID	NAT_EAST	**NAT_NORTH **	Elevation	Survey Method	**Azimuth **	MAG_Azimuth	Dip	Max_Depth	Company	Drill_Date
Munglinup	Halberts South	GAMA038	GDA94 - MGA Zone 51	301747	6271584	73	GPS	240	239.857	-60	21.0	Graphite Australia	23/03/2013
Munglinup	Halberts South	GAMA039	GDA94-MGAZone 51	301764	6271594	74	GPS	239	238.857	-60	13.0	Graphite Australia	23/03/2013
Munglinup	Halberts South	GAMA040	GDA94-MGAZone 51	301781	6271605	76	GPS	241	240.857	-60	31.0	Graphite Australia	23/03/2013
Munglinup	Halberts South	GAMA041	GDA94-MGAZone 51	301768	6271551	75	GPS	245	244.857	-60	9.0	Graphite Australia	23/03/2013
Munglinup	Halberts South	GAMA042	GDA94-MGAZone 51	301757	6271546	74	GPS	245	244.857	-60	22.0	Graphite Australia	23/03/2013
Munglinup	Halberts South	GAMA043	GDA94-MGAZone 51	301785	6271561	77	GPS	242	241.857	-60	26.0	Graphite Australia	23/03/2013
Munglinup	Halberts South	GAMA044	GDA94-MGAZone 51	301804	6271569	77	GPS	247	246.857	-60	38.0	Graphite Australia	23/03/2013
Munglinup	Halberts South	GAMA045	GDA94-MGAZone 51	301787	6271517	78	GPS	243	242.857	-60	31.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA046	GDA94-MGAZone 51	301802	6271527	78	GPS	241	240.857	-60	20.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA047	GDA94-MGAZone 51	301822	6271536	78	GPS	244	243.857	-60	18.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA048	GDA94-MGA Zone 51	301813	6271532	79	GPS	245	244.857	-60	28.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA049	GDA94-MGA Zone 51	301810	6271474	79	GPS	235	234.857	-60	36.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA050	GDA94-MGA Zone 51	301825	6271483	79	GPS	239	238.857	-60	20.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA051	GDA94-MGA Zone 51	301843	6271493	80	GPS	244	243.857	-60	3.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA052	GDA94-MGA Zone 51	301817	6271437	78	GPS	242	241.857	-60	27.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA053	GDA94-MGA Zone 51	301826	6271442	78	GPS	242	241.857	-60	2.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA054	GDA94-MGA Zone 51	301821	6271405	78	GPS	245	244.857	-60	22.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA055	GDA94-MGA Zone 51	301831	6271411	78	GPS	242	241.857	-60	33.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA056	GDA94-MGA Zone 51	301850	6271420	79	GPS	243	242.857	-60	4.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA057	GDA94-MGA Zone 51	301857	6271424	81	GPS	242	241.857	-60	12.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA058	GDA94-MGA Zone 51	301866	6271426	80	GPS	242	241.857	-60	3.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA059	GDA94-MGA Zone 51	301847	6271364	81	GPS	243	242.857	-60	25.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA060	GDA94-MGA Zone 51	301857	6271368	81	GPS	241	240.857	-60	9.0	Graphite Australia	24/03/2013
Munglinup	Halberts South	GAMA061	GDA94-MGA Zone 51	301864	6271373	81	GPS	242	241.857	-60	48.0	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA062	GDA94-MGA Zone 51	301872	6271377	82	GPS	242	241.857	-60	40.2	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA063	GDA94-MGA Zone 51	301881	6271378	83	GPS	239	238.857	-60	46.0	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA064	GDA94-MGA Zone 51	301866	6271335	79	GPS	242	241.857	-60	25.0	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA065	GDA94-MGA Zone 51	301875	6271338	81	GPS	243	242.857	-60	42.0	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA066	GDA94-MGA Zone 51	301884	6271343	80	GPS	238	237.857	-60	23.2	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA067	GDA94-MGA Zone 51	301892	6271348	81	GPS	243	242.857	-60	61.0	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA068	GDA94-MGA Zone 51	301890	6271294	81	GPS	239	238.857	-60	32.0	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA069	GDA94-MGA Zone 51	301898	6271300	81	GPS	238	237.857	-60	35.0	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA070	GDA94-MGA Zone 51	301907	6271306	82	GPS	238	237.857	-60	13.2	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA071	GDA94-MGA Zone 51	301916	6271310	82	GPS	241	240.857	-60	35.0	Graphite Australia	25/03/2013
Munglinup	Halberts South	GAMA072	GDA94-MGA Zone 51	301916	6271276	83	GPS	243	242.857	-60	36.0	Graphite Australia	26/03/2013
Munglinup	Halberts South	GAMA073	GDA94-MGA Zone 51	301926	6271279	81	GPS	242	241.857	-60	43.0	Graphite Australia	27/03/2013
Munglinup	Halberts South	GAMA074	GDA94-MGA Zone 51	301932	6271284	83	GPS	242	241.857	-60	54.0	Graphite Australia	27/03/2013
Munglinup	Halberts South	GAMA075	GDA94-MGA Zone 51	301930	6271231	79	GPS	239	238.857	-60	38.0	Graphite Australia	28/03/2013
Munglinup	Halberts South	GAMA076	GDA94-MGA Zone 51	301941	6271232	81	GPS	236	235.857	-60	31.0	Graphite Australia	29/03/2013
Munglinup	Halberts South	GAMA077	GDA94-MGA Zone 51	301949	6271238	81	GPS	241	240.857	-60	45.5	Graphite Australia	30/03/2013
Munglinup	Halberts South	GAMA078	GDA94-MGA Zone 51	301952	6271242	82	GPS	241	240.857	-60	21.0	Graphite Australia	31/03/2013
Munglinup	Halberts South	GAMA079	GDA94-MGA Zone 51	301949	6271200	77	GPS	241	240.857	-60	61.0	Graphite Australia	28/03/2013
Munglinup	Halberts South	GAMA080	GDA94-MGA Zone 51	301956	6271204	78	GPS	244	243.857	-60	25.0	Graphite Australia	28/03/2013

18

Project	Prospect	Hole_ID	NAT_GRID_ID	NAT_EAST	**NAT_NORTH **	Elevation	Survey Method	**Azimuth **	MAG_Azimuth	Dip	Max_Depth	Company	Drill_Date
Munglinup	Halberts South	GAMA081	GDA94 - MGA Zone 51	301965	6271208	78	GPS	244	243.857	-60	28.0	Graphite Australia	28/03/2013
Munglinup	Halberts South	GAMA082	GDA94-MGA Zone 51	301973	6271209	79	GPS	242	241.857	-60	38.0	Graphite Australia	28/03/2013
Munglinup	Halberts South	GAMA083	GDA94-MGA Zone 51	301977	6271166	76	GPS	244	243.857	-60	29.0	Graphite Australia	28/03/2013
Munglinup	Halberts South	GAMA084	GDA94-MGA Zone 51	301988	6271171	75	GPS	242	241.857	-60	30.0	Graphite Australia	28/03/2013
Munglinup	Halberts South	GAMA085	GDA94-MGA Zone 51	301995	6271174	76	GPS	242	241.857	-60	17.0	Graphite Australia	28/03/2013
Munglinup	Halberts South	GAMA086	GDA94-MGA Zone 51	301994	6271135	73	GPS	242	241.857	-60	14.0	Graphite Australia	29/03/2013
Munglinup	Halberts South	GAMA087	GDA94 - MGA Zone 51	302002	6271138	74	GPS	243	242.857	-60	23.0	Graphite Australia	29/03/2013
Munglinup	Halberts Main Zone	GAMA088	GDA94 - MGA Zone 51	301656	6272601	84	GPS	257	256.857	-60	34.0	Graphite Australia	29/03/2013
Munglinup	Halberts Main Zone	GAMA089	GDA94 - MGA Zone 51	301623	6272633	87	GPS	257	256.857	-60	26.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA090	GDA94 - MGA Zone 51	301913	6273561	107	GPS	315	314.857	-60	23.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA091	GDA94-MGAZone 51	301925	6273551	108	GPS	310	309.857	-60	11.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA092	GDA94-MGAZone 51	301918	6273556	107	GPS	310	309.857	-60	25.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA093	GDA94-MGAZone 51	301936	6273602	110	GPS	318	317.857	-60	16.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA094	GDA94-MGAZone 51	301943	6273594	109	GPS	320	319.857	-60	18.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA095	GDA94-MGAZone 51	301953	6273627	111	GPS	308	307.857	-60	13.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA096	GDA94-MGAZone 51	301958	6273621	110	GPS	310	309.857	-60	17.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA097	GDA94-MGAZone 51	301966	6273616	111	GPS	310	309.857	-60	21.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA098	GDA94-MGAZone 51	301994	6273655	113	GPS	318	317.857	-60	12.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA099	GDA94-MGAZone 51	302000	6273648	113	GPS	310	309.857	-60	17.0	Graphite Australia	29/03/2013
Munglinup	Wright	GAMA100	GDA94-MGAZone 51	302031	6273674	117	GPS	311	310.857	-60	17.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA101	GDA94-MGAZone 51	302041	6273666	115	GPS	312	311.857	-60	21.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA102	GDA94-MGAZone 51	302048	6273660	113	GPS	314	313.857	-60	27.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA103	GDA94-MGAZone 51	302057	6273653	113	GPS	313	312.857	-60	22.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA104	GDA94-MGAZone 51	302063	6273647	113	GPS	307	306.857	-60	10.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA105	GDA94-MGAZone 51	302059	6273702	116	GPS	315	314.857	-60	17.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA106	GDA94-MGAZone 51	302068	6273697	116	GPS	315	314.857	-60	21.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA107	GDA94-MGAZone 51	302073	6273689	116	GPS	305	304.857	-60	6.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA108	GDA94-MGAZone 51	301800	6273435	100	GPS	314	313.857	-60	14.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA109	GDA94-MGAZone 51	301821	6273420	100	GPS	314	313.857	-60	22.0	Graphite Australia	30/03/2013
Munglinup	Wright	GAMA110	GDA94 - MGA Zone 51	301833	6273404	99	GPS	310	309.857	-60	31.0	Graphite Australia	30/03/2013

19

Project	Prospect	Hole_ID	NAT_GRID_ID	NAT_EAST	**NAT_NORTH **	Elevation	Survey Method	**Azimuth **	MAG_Azimuth	Dip	Max_Depth	Company	Drill_Date
Munglinup	Harris	GAMA111	GDA94 - MGA Zone 51	301819	6273171	97	GPS	308	307.857	-60	49.0	Graphite Australia	30/03/2013
Munglinup	Harris	GAMA112	GDA94-MGA Zone 51	301808	6273182	97	GPS	313	312.857	-60	45.0	Graphite Australia	30/03/2013
Munglinup	Harris	GAMA113	GDA94-MGA Zone 51	301785	6273148	93	GPS	308	307.857	-60	53.0	Graphite Australia	31/03/2013
Munglinup	Harris	GAMA114	GDA94-MGA Zone 51	301800	6273138	93	GPS	312	311.857	-60	49.0	Graphite Australia	31/03/2013
Munglinup	Harris	GAMA115	GDA94-MGA Zone 51	301816	6273123	93	GPS	310	309.857	-60	31.0	Graphite Australia	31/03/2013
Munglinup	Harris	GAMA116	GDA94-MGA Zone 51	301881	6273275	103	GPS	310	309.857	-60	22.0	Graphite Australia	31/03/2013
Munglinup	Harris	GAMA117	GDA94-MGA Zone 51	301897	6273265	99	GPS	306	305.857	-60	24.2	Graphite Australia	31/03/2013
Munglinup	Harris	GAMA118	GDA94-MGA Zone 51	301912	6273253	103	GPS	308	307.857	-60	45.0	Graphite Australia	31/03/2013
Munglinup	Harris	GAMA119	GDA94-MGA Zone 51	301984	6273350	107	GPS	311	310.857	-60	24.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA120	GDA94-MGA Zone 51	302001	6273336	105	GPS	313	312.857	-60	33.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA121	GDA94-MGA Zone 51	302016	6273321	105	GPS	311	310.857	-60	17.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA122	GDA94-MGA Zone 51	302029	6273309	102	GPS	312	311.857	-60	31.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA123	GDA94-MGA Zone 51	302044	6273298	102	GPS	305	304.857	-60	40.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA124	GDA94-MGA Zone 51	302006	6273383	105	GPS	305	304.857	-60	34.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA125	GDA94-MGA Zone 51	302020	6273372	103	GPS	310	309.857	-60	45.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA126	GDA94-MGA Zone 51	302036	6273359	104	GPS	312	311.857	-60	57.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA127	GDA94-MGA Zone 51	302048	6273346	103	GPS	305	304.857	-60	31.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA128	GDA94-MGA Zone 51	302043	6273400	105	GPS	312	311.857	-60	31.0	Graphite Australia	1/04/2013
Munglinup	Harris	GAMA129	GDA94 - MGA Zone 51	302061	6273387	105	GPS	309	308.857	-60	23.0	Graphite Australia	1/04/2013
Munglinup	McCarthy	GAMA130	GDA94 - MGA Zone 51	301539	6273763	102	GPS	310	309.857	-60	9.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA131	GDA94-MGA Zone 51	301556	6273749	103	GPS	310	309.857	-60	12.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA132	GDA94-MGA Zone 51	301588	6273716	103	GPS	301	300.857	-60	18.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA133	GDA94-MGA Zone 51	301607	6273702	102	GPS	305	304.857	-60	29.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA134	GDA94-MGA Zone 51	301552	6273803	102	GPS	305	304.857	-60	6.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA135	GDA94-MGA Zone 51	301569	6273794	103	GPS	304	303.857	-60	17.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA136	GDA94-MGA Zone 51	301583	6273784	103	GPS	306	305.857	-60	5.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA137	GDA94-MGA Zone 51	301604	6273764	104	GPS	314	313.857	-60	1.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA138	GDA94-MGA Zone 51	301620	6273748	104	GPS	316	315.857	-60	21.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA139	GDA94-MGA Zone 51	301636	6273733	105	GPS	319	318.857	-60	9.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA140	GDA94-MGA Zone 51	301611	6273757	105	GPS	314	313.857	-60	17.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA141	GDA94-MGA Zone 51	301599	6273831	106	GPS	295	294.857	-60	17.5	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA142	GDA94-MGA Zone 51	301617	6273818	106	GPS	318	317.857	-60	33.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA143	GDA94-MGA Zone 51	301626	6273803	106	GPS	319	318.857	-60	8.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA144	GDA94-MGA Zone 51	301641	6273786	104	GPS	312	311.857	-60	11.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA145	GDA94-MGA Zone 51	301655	6273775	104	GPS	305	304.857	-60	19.3	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA146	GDA94-MGA Zone 51	301605	6273862	108	GPS	307	306.857	-60	25.0	Graphite Australia	2/04/2013
Munglinup	McCarthy	GAMA147	GDA94-MGA Zone 51	301618	6273850	109	GPS	313	312.857	-60	31.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA148	GDA94-MGA Zone 51	301635	6273837	109	GPS	310	309.857	-60	43.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA149	GDA94-MGA Zone 51	301648	6273821	108	GPS	305	304.857	-60	53.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA150	GDA94-MGA Zone 51	301664	6273806	107	GPS	303	302.857	-60	46.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA151	GDA94-MGA Zone 51	301681	6273796	107	GPS	308	307.857	-60	2.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA152	GDA94-MGA Zone 51	301673	6273802	108	GPS	310	309.857	-60	11.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA153	GDA94-MGA Zone 51	301633	6273873	111	GPS	323	322.857	-60	18.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA154	GDA94-MGA Zone 51	301646	6273862	112	GPS	311	310.857	-60	27.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA155	GDA94-MGA Zone 51	301661	6273850	~~20~~ 112	GPS	308	307.857	-60	38.0	Graphite Australia	3/04/2013

Project	Prospect	Hole_ID	NAT_GRID_ID	NAT_EAST	**NAT_NORTH **	Elevation	Survey Method	**Azimuth **	MAG_Azimuth	Dip	Max_Depth	Company	Drill_Date
Munglinup	McCarthy	GAMA156	GDA94 - MGA Zone 51	301680	6273840	109	GPS	298	297.857	-60	30.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA157	GDA94-MGA Zone 51	301690	6273833	110	GPS	301	300.857	-60	41.0	Graphite Australia	3/04/2013
Munglinup	McCarthy	GAMA158	GDA94-MGA Zone 51	301674	6273898	114	GPS	305	304.857	-60	14.0	Graphite Australia	4/04/2013
Munglinup	McCarthy	GAMA159	GDA94-MGA Zone 51	301691	6273886	112	GPS	314	313.857	-60	23.0	Graphite Australia	4/04/2013
Munglinup	McCarthy	GAMA160	GDA94-MGA Zone 51	301707	6273872	111	GPS	315	314.857	-60	10.0	Graphite Australia	4/04/2013
Munglinup	McCarthy	GAMA161	GDA94 - MGA Zone 51	301714	6273865	110	GPS	315	314.857	-60	25.0	Graphite Australia	4/04/2013

List of Diamond drill holes drilled at Munglinup

Project	Prospect	Hole_ID	NAT_GRID_ID	NAT_EAST	NAT_NORTH	Elevation	Survey Method	**Azimuth **	MAG_Azimuth	Dip	Max_Depth	Drill_Date	Company
Munglinup	Halbert's Main Zone	GAMD005	GDA94 - MGA Zone 51	301531	6273145	99	GPS	260	259.857	-60	67.0	28/04/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD004	GDA94-MGAZone 51	301487	6273133	98	GPS	258	257.857	-60	52.0	27/04/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD002	GDA94-MGAZone 51	301515	6273105	98	GPS	258	257.857	-60	55.0	24/04/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD003	GDA94-MGAZone 51	301494	6273100	100	GPS	258	257.857	-60	33.8	26/04/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD001	GDA94-MGAZone 51	301538	6273105	100	GPS	258	257.857	-60	79.0	23/04/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD006	GDA94-MGAZone 51	301545	6273069	103	GPS	258	257.857	-60	66.8	29/04/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD008	GDA94-MGAZone 51	301513	6273025	96	GPS	258	257.857	-60	57.1	2/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD007	GDA94-MGAZone 51	301543	6273030	96	GPS	258	257.857	-60	78.2	1/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD009	GDA94-MGAZone 51	301489	6272982	87	GPS	258	257.857	-60	48.9	3/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD010	GDA94-MGAZone 51	301533	6272981	98	GPS	258	257.857	-60	91.0	4/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD011	GDA94-MGAZone 51	301571	6272994	100	GPS	258	257.857	-60	77.0	5/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD012	GDA94-MGAZone 51	301559	6272945	101	GPS	258	257.857	-60	54.3	6/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD013	GDA94-MGAZone 51	301575	6272949	99	GPS	258	257.857	-60	71.8	7/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD020	GDA94-MGAZone 51	301517	6272898	98	GPS	258	257.857	-60	40.0	13/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD014	GDA94-MGAZone 51	301600	6272913	101	GPS	258	257.857	-60	70.0	8/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD015	GDA94-MGAZone 51	301544	6272863	95	GPS	258	257.857	-60	37.0	9/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD016	GDA94-MGAZone 51	301580	6272870	97	GPS	258	257.857	-60	69.7	10/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD017	GDA94-MGAZone 51	301602	6272877	98	GPS	258	257.857	-60	73.6	11/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD018	GDA94-MGAZone 51	301625	6272840	96	GPS	258	257.857	-60	87.90	12/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD019	GDA94-MGAZone 51	301599	6272833	99	GPS	258	257.857	-60	66.10	13/05/2013	Graphite Australia
Munglinup	Halbert's MainZone	GAMD022	GDA94-MGAZone 51	301580	6272788	100	GPS	258	257.857	-60	57.90	16/05/2013	Graphite Australia
Munglinup	Halbert's Main Zone	GAMD021	GDA94 - MGA Zone 51	301628	6272798	98	GPS	258	257.857	-60	91.00	15/05/2013	Graphite Australia

21

Project	Prospect	Hole_ID	NAT_GRID_ID	NAT_EAST	NAT_NORTH	Elevation	Survey Method	**Azimuth **	MAG_Azimuth	Dip	Max_Depth	Drill_Date	Company
Munglinup	Halbert's Main Zone	MD1	GDA94 - MGA Zone 51	301460	6273053	100		260	259.857	-60	35.0	2/02/1986	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD2	GDA94-MGA Zone 51	301486	6273059	101		260	259.357	-60	52.0	7/02/1986	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD3	GDA94-MGA Zone 51	301509	6273065	102		260	259.857	-60	56.5	4/02/1986	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD4	GDA94-MGA Zone 51	301543	6272827	99		260	259.857	-60	33.0	12/02/1986	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD5	GDA94-MGA Zone 51	301567	6272833	99		260	259.857	-60	45.0	9/02/1986	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD6	GDA94-MGA Zone 51	301591	6272839	100		260	259.857	-60	36.0	13/02/1986	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD7	GDA94-MGA Zone 51	301486	6273141	101		257	256.857	-60	52.0	27/?/1988	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD8	GDA94-MGA Zone 51	301444	6273122	99		257	256.857	-60	37.5	2/07/1988	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD9	GDA94-MGA Zone 51	301489	6272977	101		257	256.857	-60	34.6	5/07/1988	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD10	GDA94-MGA Zone 51	301536	6272990	103		257	256.857	-60	61.1	8/07/1988	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD11	GDA94-MGA Zone 51	301561	6272914	103		256	255.857	-60	56.5	11/07/1988	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD12	GDA94-MGA Zone 51	301536	6272907	102		257	256.357	-60	54.5	14/07/1988	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD13	GDA94-MGA Zone 51	301570	6272751	98		257	256.857	-60	33.8	18/07/1988	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD14	GDA94-MGA Zone 51	301594	6272758	98		257	256.857	-60	50.0	20/07/1988	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD15	GDA94-MGA Zone 51	301614	6272677	96		257	256.857	-60	40.5	22/07/1988	Gwalia Minerals NL
Munglinup	Halbert's Main Zone	MD16	GDA94 - MGA Zone 51	301637	6272684	95		257	256.857	-60	51.0	25/07/1988	Gwalia Minerals NL

22