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MINREX RESOURCES LIMITED Capital/Financing Update 2012

Apr 11, 2012

65375_rns_2012-04-11_71905792-d65f-4cec-b1dd-3741710e8bce.pdf

Capital/Financing Update

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Manager Company Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000

Minrex Resources NL - ASX Release

12 April 2012

HIGHLIGHTS

  • Minrex Resources NL has completed its preliminary auger and MAGLAG sampling survey at its Deflector Extended prospect located near Yalgoo, Western Australia.

  • A total of 187 auger soil samples were collected on 400 m traverse lines, at intervals ranging from 100 m - 200 m.

  • Sample analysis was undertaken by Ultratrace Geoanalytical Laboratories for a series of precious and base metals, including Au, Ag, As, Cu, Mo, Ni and W.

  • Coincident MAGLAG samples were analysed using portable XRF (Niton) instrumentation.

  • A series of follow-up targets have been identified.

  • Minrex is continuing to explore for opportunities that will complement its existing exploration activities.

Overview

Deflector Extended Gold Project

The project area (E59/1657) was originally selected, based on its proximity to and alignment with, north-eastern extensions of the Deflector mineralisation trend (Figure 1). Aeromagnetic survey data confirms the presence of the Gearless Well intrusion which extends into the southern sections of the tenement. This granite exhibits a close spatial relationship with the Deflector and Golden Stream goldcopper deposits, which occur on the western contact of the intrusion and are coincident with a series of crosscutting northeast - southwest trending faults.

Current Exploration Program

Minrex Resources NL (‘Minrex’ or the ‘Company’) retained Pathfinder Exploration Pty Ltd (Pathfinder) to carry out an initial surface exploration geochemical program at its Deflector Extended Gold Project. This recently completed program, costing approximately $35,000, included collection of 187 auger soil and MAGLAG samples, from 10 traverses spaced 400 m apart with sample intervals between 100 m and 200 m apart, on east-west traverse lines (Figure 2). While drill access was reasonable, scrub and unfavourable topography restricted sampling across north-western and southern sections of the lease.

Depending upon ground conditions and prospective mineralisation, 2 kg auger samples were taken at an average of 1.7 m in depth. Where developed, base of calcrete samples were preferentially

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894

collected, together with weathered saprolite or bedrock. ICP-OES analysis was completed on aqua regia digests for Au, Ag, As, Cu, Mo, Ni and W by Ultratrace Geoanalytical Laboratories (Appendix 1). Coincident MAGLAG samples were collected and analysed using a portable handheld (Niton) X-Ray Fluorescence spectrometer.

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Figure 1 : Deflector Extended Prospect – Mineralisation / Structural Trends

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Figure 2 : Deflector Extended Prospect - Auger + MAGLAG sample locations

– Auger Soil Samples Key Analytical Results

Gold

An irregular Au response was observed in the vicinity of the Deflector structural corridor in the northern sections of the lease, with samples peaking at 17 ppb Au in areas to its immediate west

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894

(Figure 3). A larger halo appears downslope from the Cagacaroon Hills, comprising samples assaying up to 12 ppb Au, coincident with a central, northeast-southwest structural lineament. In southern tenement areas, a separate and diffuse Au trend with multiple 7 ppb Au assays was observed, broadly concurrent with a third northeast-southwest trending structure.

Copper

An elevated Cu signature is observed in the Deflector structural trend, with peak concentrations of 327 ppm defined. Extensive Cu dispersion is observed across both central and southern lineaments, whilst weaker in downslope areas from the Cagacaroon Hills (Figure 4).

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Figure 3 : Au (ppb) Proportional Dot Diagram

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Figure 4 : Cu (ppm) Proportional Dot with MAGLAG Cu (ppm) Inset

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894

Nickel

Ni assays exhibit a strong correlation with Cu and appear anomalous in the vicinity of the Deflector corridor, with peak concentrations of 628 ppm observed (Figure 5).

Planned Follow-up Activities

Auger soil / rock chip geochemistry and MAGLAG data have combined to define three Deflector Extended target areas (Figure 6), which coincide with northeast-southwest structures and appear amenable to sub-surface investigation using cost effective drilling techniques such as RAB +/- Aircore methods.

These areas include:

Target Area 1: Overlapping elevated auger Au, Cu and As values, supported by high MAGLAG Cu and As assays.

Target Area 2: Coincident Au and Cu enrichment, together with select elevated As assays.

Target Area 3: Coincident elevated auger Au and Cu values, together with spot As and Ni highs.

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Figure 5 : Ni (ppm) Proportional Dot with MAGLAG Cr (ppm) Inset

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894

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Figure 6 : Deflector Extended - Prospective Follow-up Target Areas

Minrex will continue its systematic exploration activities at its Deflector Extended prospect to identify the source of enrichment observed to date, with a view to the intersection of economically significant precious and base metal mineralisation. These activities will be managed in conjunction with the Company’s ongoing pursuit for new projects to complement the existing exploration activities.

For further information, please contact:

Richard Procter Non-Executive Chairman T: +61 8 9488 8888 F: +61 8 9481 0666 [email protected]

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894

About Minrex

Minrex has two principal projects. The Deflector Extended Gold Project is located within the Gullewa Greenstone Belt, south of Yalgoo in Western Australia. Mineralisation is exclusive to sulphidic or auriferous (coarse gold) quartz veining. Historical production commenced in the region in 1897 from the Daisy, Shannadoh, Gullewa Queen, Monarch, Phoenix, Victory United, Golden Stream, Mugga King and Mugga Queen Mines to the south west of the Deflector Extended Gold Project area. This historical production continued into the early 1940’s. During this period a total of 35,726 ounces of gold was produced from a total of 24,000 tonnes of ore at an overall grade of 46.3 g/t Au. The Deflector Extended Gold Project has received cursory regional exploration including soil geochemistry surveys, rock chip sampling and RAB/AC drilling. Overlapping structural and soil geochemistry anomalies at Deflector Extended are the compelling exploration targets to be investigated by Minrex.

Within the Heemskirk Tin Project (EL 18/2011 already submitted for Ministerial approval) historical exploration is limited to non-systematic prospecting activities and has only focussed on surface mineralisation. The most substantial exploration efforts have focussed on the Peripatetic mine which consists of five adits, three shafts and numerous small open pits. Numerous historical workings within the project area present a number of opportunities to evaluate. Detailed mapping and geochemical sampling will be conducted across the prospect.

Competent Persons Statement:

The information in this announcement that relates to Exploration Results is based on information compiled by Dr. Geoffrey Booth, Consulting Geologist. Geoffrey Booth is employed as a consultant for Minrex and is also a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Geoffrey Booth consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894

Appendix 1: Deflector Extended Gold Project - Auger Soil Assay Results

Sample GDA_East GDA_Nort Au(AR) Ag As Cu Mo Ni W Depth Calcrete
DEA 006 440800 6834300 0.5 0.025 2.2 14.5 1 16 0.05 1.5 3
DEA 007 441000 6834300 0.5 0.1 2.4 13.5 1 13 0.2 1.4 3
DEA 008 441200 6834300 0.5 0.025 3.2 22.5 0.5 19 0.05 1.7 4
DEA 009 441400 6834300 0.5 0.025 3.2 22 0.5 19 0.05 1.7 4
DEA 0010 441600 6834300 1 0.025 4.2 30.5 0.5 26 0.05 1.5 1
DEA 011 441800 6834300 0.5 0.025 3.4 17.5 4 15 0.05 2.3 1
DEA 011A 441900 6834300 0.5 0.025 2.6 19.5 2 19 0.05 1.7 3
DEA 012 442000 6834300 1 0.025 3.2 27.5 1 22 0.05 1.7 4
DEA 012A 442100 6834300 3 0.025 3.2 21.5 0.5 19 0.05 1.7 4
DEA 013 442200 6834300 4 0.025 2.8 24 0.5 20 0.05 1.7 4
DEA 013A 442300 6834300 1 0.025 2.6 9.5 0.5 17 0.05 1.5 3
DEA 014 442400 6834300 2 0.025 3.6 27.5 1 25 0.05 1.3 3
DEA 014A 442500 6834300 1 0.025 2.6 30.5 0.5 25 0.05 1.4 3
DEA 015 442600 6834300 1 0.025 3 26.5 0.5 25 0.05 1.6 4
DEA 015A 442700 6834300 1 0.025 3.6 21.5 0.5 21 0.05 1.6 4
DEA 016 442800 6834300 9 0.025 5.6 27.5 0.5 24 0.05 1.7 4
DEA 017 443000 6834300 3 0.025 3.4 27 0.5 20 0.05 1.6 4
DEA 018 443200 6834300 2 0.025 3.2 24.5 0.5 22 0.05 1.5 3
DEA 019 443400 6834300 2 0.025 4 28 0.5 25 0.05 1.7 4
DEA 020 443600 6834300 1 0.025 3.8 23.5 0.5 24 0.05 1.7 4
DEA 021 443800 6834300 1 0.025 5 24.5 1 25 0.05 1.7 4
DEA 022 444000 6834300 0.5 0.025 4.2 17 0.5 14 0.05 1.5 4
DEA 023 444200 6834300 8 0.025 2.8 22 0.5 23 0.05 1.7 4
DEA 024 444400 6834300 1 0.025 2.8 21 0.5 21 0.05 1.7 4
DEA 025 444600 6834300 2 0.025 3.6 31.5 0.5 27 0.05 1.7 4
DEA 031 440900 6833900 0.5 0.025 1.4 11.5 0.5 21 0.05 3.2
DEA 032 441100 6833900 0.5 0.025 4 17 1 14 0.05 1.7 3
DEA 033 441300 6833900 0.5 0.025 2.6 13 1 13 0.05 1.7 3
DEA 034 441500 6833900 0.5 0.025 2.6 14 1 16 0.05 1.6 3
DEA 035 441700 6833900 0.5 0.025 2.6 13.5 1 14 0.05 1.7 3
DEA 035A 441800 6833900 0.5 0.025 3.6 18.5 1 20 0.1 1.5 3
DEA 036 441900 6833900 0.5 0.025 3.6 18 1 17 0.05 1.5 2
DEA 036A 442000 6833900 0.5 0.025 5.4 24.5 2 27 0.05 1.7 2
DEA 037 442100 6833900 0.5 0.025 7 32 1 40 0.05 1.7 2
DEA 037A 442200 6833900 0.5 0.025 8 29 1 34 0.05 1.7 3
DEA 038 442300 6833900 2 0.025 8.4 38 1 43 0.05 1.7 3
DEA 038A 442400 6833900 2 0.025 6.8 35 1 37 0.05 1.7 3
DEA 039 442500 6833900 1 0.025 7.4 35.5 1 40 0.05 1.7 3
DEA 039A 442600 6833900 1 0.025 7 34.5 1 34 0.05 1.7 3
DEA 040 442700 6833900 2 0.025 4.8 28 0.5 27 0.05 1.7 4
DEA 041 442900 6833900 2 0.025 3.8 18.5 0.5 19 0.05 1.7 4
DEA 042 443100 6833900 1 0.025 3.6 24 0.5 21 0.05 1.7 4
DEA 043 443300 6833900 1 0.025 3.6 25 0.5 22 0.05 1.7 4
DEA 044 443500 6833900 2 0.025 3.6 27.5 0.5 23 0.05 1.7 4
DEA 045 443700 6833900 0.5 0.025 4 21 0.5 19 0.05 1.7 4
DEA 046 443900 6833900 0.5 0.1 2.8 19.5 0.5 17 0.05 1.7 4
DEA 047 444100 6833900 0.5 0.025 4.2 21.5 1 19 0.05 1 4
DEA 048 444300 6833900 3 0.05 4 22 0.5 17 0.05 1.6 4
DEA 049 444500 6833900 0.5 0.1 5.2 22 0.5 19 0.05 1.7 4
DEA 052 440200 6833500 0.5 0.025 1.4 22 0.5 20 0.05 3.2
DEA 053 440400 6833500 0.5 0.025 1.6 22 0.5 25 0.05 1.7
DEA 054 440600 6833500 0.5 0.025 1 16 0.5 13 0.05 1.7
DEA 055 440800 6833500 0.5 0.025 1 9.5 0.5 9 0.05 1.2
DEA 056 441000 6833500 0.5 0.025 1 14.5 0.5 14 0.05 1.7
DEA 057 441200 6833500 0.5 0.15 2.2 23 0.5 20 0.1 1
DEA 058 441400 6833500 2 0.025 2.4 23 0.5 27 0.05 1.7 2
DEA 059 441600 6833500 0.5 0.025 4.8 22 1 23 0.05 1.7

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894

Sample GDA_East GDA_Nort Au(AR) Ag As Cu Mo Ni W Depth Calcrete
DEA 059 441600 6833500 0.5 0.025 4.8 22 1 23 0.05 1.7
DEA 059A 441700 6833500 1 0.025 6.4 26 1 34 0.05 1.7 2
DEA 060 441800 6833500 1 0.025 9.6 34.5 1 40 0.05 1.7 2
DEA 060A 441900 6833500 2 0.025 14 43.5 2 59 0.05 1.7 4
DEA 061 442000 6833500 1.7 4
DEA061A 442100 6833500 2 0.05 10.2 39 1 56 0.05 1.7 1
DEA 062 442200 6833500 3 0.45 12 44 1 72 0.1 1.7
DEA 062A 442300 6833500 3 0.3 9.8 49 1 68 0.05 1.7 4
DEA 063 442400 6833500 2 0.025 10.2 30.5 2 36 0.1 1.4 2
DEA 064 442600 6833500 3 0.025 6.6 32 2 34 0.1 1.6 2
DEA 065 442800 6833500 1 0.025 5.6 35 1 31 0.05 1.7 2
DEA 066 443000 6833500 2 0.025 4.8 36 1 35 0.05 1.7 2
DEA 067 443200 6833500 2 0.025 4.4 38.5 1 40 0.05 2.2 2
DEA 068 443400 6833500 1 0.025 4.2 32 1 26 0.05 1.5 4
DEA 069 443600 6833500 1 0.025 3.8 31.5 0.5 28 0.05 1.5 4
DEA 070 443800 6833500 0.5 0.025 3.4 11.5 0.5 11 0.2 1.7 4
DEA 071 444000 6833500 0.5 0.025 3.6 12 0.5 10 0.05 1.4 4
DEA 072 444200 6833500 0.75 0.1 3.1 18.25 0.5 14.5 0.05 1.3 4
DEA 073 444400 6833500 2 0.025 3 24.5 0.5 16 0.05 1.7 4
DEA 074 444600 6833500 1 0.025 5 28 0.5 21 0.05 1.7 4
DEA 076 440100 6833100 2 0.025 5 29 1 33 0.05 1.4
DEA 077 440300 6833100 2 0.025 3.6 15 0.5 15 0.2 1
DEA 078 440500 6833100 1 0.025 1.4 18 0.5 25 0.05 1.4
DEA 079 440700 6833100 2 0.025 0.8 68.5 0.5 16 0.05 1.7
DEA 080 440900 6833100 0.5 0.025 0.8 37.5 0.5 27 0.1 1.7
DEA 081 441100 6833100 1 0.025 0.6 22 1 9 0.05 3.2
DEA 081A 442200 6833100 2 0.025 0.4 13.5 0.5 9 0.05 3.2
DEA 082 441300 6833100 1 0.025 0.6 10.5 2 15 0.05 3.2 1
DEA 082A 441400 6833100 0.5 0.05 2 15.5 4 12 0.1 1.7
DEA 083 441500 6833100 2 0.025 8.2 29 2 28 0.05 3
DEA 083A 441600 6833100 2 0.025 12 46 1 61 0.05 1.7 2
DEA 084 441700 6833100 3 0.025 9.2 46.5 0.5 84 0.05 1.7 2
DEA 084A 441800 6833100 5 0.5 10.2 50 0.5 74 0.05 1.7
DEA 085 441900 6833100 5 0.05 9.4 53.5 0.5 74 0.05 1.7 1
DEA 085A 442000 6833100 3 0.025 7.2 50 0.5 86 0.05 1.7 1
DEA 086 442100 6833100 5 0.025 7.6 45 0.5 45 0.05 1.7
DEA 087 442300 6833100 3 0.1 5 41 0.5 37 0.05 1.7 4
DEA 088 442500 6833100 3 0.1 1.6 19 0.5 20 0.2 1.7 4
DEA 089 442700 6833100 1 0.05 2 49 0.5 27 0.05 1.7 4
DEA 090 442900 6833100 3 0.3 3.4 51.5 0.5 43 1.8 1
DEA 091 443100 6833100 4 0.2 3.8 45 0.5 42 0.6 1 4
DEA 092 443300 6833100 4 0.025 3 47 0.5 46 0.05 1.7 4
DEA 093 443500 6833100 2 0.025 3.2 43.5 0.5 43.5 0.075 1.7 4
DEA 094 443700 6833100 3 0.025 3 47.5 0.5 56 0.05 1.6 4
DEA 095 443900 6833100 1 0.025 1.4 31.5 0.5 61 0.05 0.3
DEA 096 444100 6833100 2 0.025 1.8 52 2 110 0.05 1.7 4
DEA 097 444300 6833100 0.5 0.025 4 18.5 0.5 14 0.2 1.7 4
DEA 098 444500 6833100 1 0.025 4.6 23 0.5 17 0.1 1.5
DEA 103 440600 6832700 0.5 0.025 8 25 1 36 0.05 2.7
DEA 104 440800 6832700 2 0.025 6.4 17.5 1 16 0.05 3.2
DEA 105 441000 6832700 5 0.025 8 18.5 0.5 24 0.05 3.2
DEA 105A 441100 6832700 17 0.05 21 327 6 15 0.05 1.7
DEA 106A 441200 6832700 8 0.025 15.2 211 0.5 628 0.05 1.7
DEA 106 441300 6832700 5 0.025 111 86.5 0.5 262 0.05 1.7 4
DEA 107A 441400 6832700 2 0.025 14.6 81.5 0.5 45 0.05 1.7 4
DEA 107 441500 6832700 4 0.025 69.8 142 0.5 128 0.05 3.2
DEA 108A 441600 6832700 3 0.025 8.8 79 0.5 63 0.05 1.7 4
DEA108 441700 6832700 3 0.05 17.2 48.5 0.5 70 0.05 1.5 2

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894

Sample GDA_East GDA_Nort Au(AR) Ag As Cu Mo Ni W Depth Calcrete
DEA 109A 441800 6832700 4 0.025 6.4 71 0.5 48 0.05 0.5 2
DEA 109 441900 6832700 3 0.025 13 62.5 1 65 0.05 1 4
DEA 110 442000 6832700 3 0.025 5 51 0.5 46 0.05 0.5
DEA 111 442200 6832700 8 0.025 4.2 69 0.5 43 0.05 0.4
DEA 112 442400 6832700 5 0.025 3 64.5 0.5 19 0.05 1.7 4
DEA 113 442600 6832700 12 0.025 3.6 33 0.5 27 0.05 1.7 4
DEA 114 442800 6832700 6 0.025 3.7 47.25 0.5 48.5 0.05 1 4
DEA 115 443000 6832700 8 0.025 4.6 45 0.5 50 0.05 1.2 3
DEA 116 443200 6832700 5 0.025 2.6 52.5 0.5 56 0.05 0.6 3
DEA 117 443400 6832700 3 0.05 2.2 45 0.5 50 0.05 0.4
DEA 120 444000 6832700 6 0.025 2.8 38.5 0.5 58 0.05 0.6
DEA 121 444200 6832700 3 0.025 2.4 35.5 0.5 57 0.05 1 3
DEA 122 444400 6832700 5 0.025 3.2 25 0.5 21 0.05 1.7 4
DEA 123 444600 6832700 3 0.025 3.6 24 0.5 23 0.05 1.7 4
DEA 129 444100 6832300 7 0.025 1.2 45.5 0.5 71 0.05 0.4
DEA 130 444300 6832300 7 0.025 2.6 57.5 0.5 69 0.05 0.6 3
DEA 131 444500 6832300 2 0.025 3.4 19.5 1 17 0.05 1.7 3
DEA 136 443800 6831900 5 0.025 3.8 37.5 0.5 55 0.05 0.6 2
DEA 137 444000 6831900 7 0.025 3 33.5 1 56 0.05 0.4
DEA 138 444200 6831900 5 0.025 1.6 42.5 2 60 0.05 0.2
DEA 139 444400 6831900 5 0.025 1.6 34.5 0.5 57 0.05 0.2
DEA 140 444600 6831900 6 0.025 2.6 38 0.5 65 0.05 0.2
DEA 144 443700 6831500 5 1 2.6 46.5 0.5 95 0.3 0.6 1
DEA 145 443900 6831500 6 20.3 2.8 117 1 73 5.1 1 1
DEA 146 444100 6831500 7 0.1 3.4 41.5 6 66 0.1 1.7 4
DEA 147 444300 6831500 8 0.025 3.4 41.5 0.5 48 0.05 1.7 4
DEA 148 444500 6831500 7 0.025 3.6 24.5 1 22 0.05 1.7 4
DEA 149 443000 6831100 4 0.025 2.4 45 2 56 0.05 0.2
DEA 150 443200 6831100 7 0.2 3.8 51.5 0.5 90 0.05 1.7 4
DEA 151 443400 6831100 7 0.05 8.6 43.5 0.5 39 0.2 1.7
DEA 152 443600 6831100 3 0.025 18 165 2 13 0.05 1.7 4
DEA 153 443800 6831100 8 0.025 5 41 0.5 45 0.05 1.7 4
DEA 154 444000 6831100 6 0.025 3.9 22.25 1 22 0.05 1.7 4
DEA 155 444200 6831100 7 0.025 6 14 2 13 0.3 1.7 4
DEA 156 444400 6831100 3 0.025 4 16.5 0.5 15 0.05 0.2
DEA 157 444600 6831100 4 0.025 3.6 27 0.5 24 0.05 0.2
DEA 161 443700 6830700 7 0.025 4.6 40.5 0.5 37 0.05 0.2
DEA 162 443900 6830700 7 0.025 3 11 2 11 0.05 0.2
DEA 163 444100 6830700 3 0.025 3.6 22 1 20 0.1 0.2
DEA 164 444300 6830700 7 0.025 2.6 21.5 0.5 20 0.05 0.2
DEA 165 444500 6830700 2 0.025 1.4 8.5 0.5 8 0.05 0.2
DEM 234 443500 6832700 1 0.025 1.8 41 0.5 72 0.05 0.2
DEM 235 443600 6832700 2 0.025 2 31.5 0.5 70 0.05 0.2
DEM 236 443700 6832700 7 0.025 1.8 49.5 1 60 0.05 0.2
DEM 237 443800 6832700 1 0.025 1.6 50.5 0.5 54 0.05 0.2
DEM 238 443900 6832700 0.5 0.025 2.2 45.5 0.5 64 0.05 0.2
DEM 246 443000 6832300 1 0.025 8 59.5 0.5 93 0.05 0.2
DEM 247 443100 6832300 11 0.025 5.4 163 1 90 0.05 0.2
DEM 248 443200 6832300 8 0.025 2 43 0.5 29 0.05 0.2
DEM 249 443300 6832300 5 0.025 1.6 81.5 0.5 42 0.05 0.2
DEM 250 443400 6832300 4 0.025 4.2 82.3 0.5 67.5 0.05 0.2
DEM 251 443500 6832300 0.5 0.025 3.4 36.5 0.5 59 0.05 0.2
DEM 252 443600 6832300 0.5 0.025 3.8 56 0.5 78 0.05 0.2
DEM 253 443700 6832300 0.5 0.025 2.6 48 0.5 38 0.05 0.2
DEM 254 443800 6832300 0.5 0.025 2.6 30 0.5 36 0.05 0.2
DEM 255 443900 6832300 1 0.025 2.8 37 0.5 44 0.05 0.2
DEM 256 444000 6832300 2 0.025 3.2 42 2 59 0.05 0.2
DEM 263 443000 6831900 10 0.05 10.4 85 0.5 135 0.05 0.2

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894

Sample GDA_East GDA_Nort Au(AR) Ag As Cu Mo Ni W Depth Calcrete
DEM 264 443100 6831900 5 0.025 5.6 46 0.5 34 0.05 0.2
DEM 265 443200 6831900 0.5 0.025 1.4 72.5 0.5 42 0.05 0.2
DEM 266 443300 6831900 1 0.025 1.4 44 0.5 47 0.05 0.2
DEM 267 443400 6831900 0.5 0.025 4.8 35.5 0.5 57 0.05 0.2
DEM 268 443500 6831900 1 0.025 5 57 0.5 73 0.05 0.2
DEM 269 443600 6831900 0.5 0.025 2.8 50 0.5 45 0.05 0.2
DEM 270 443700 6831900 0.5 0.025 2.6 35.5 0.5 49 0.05 0.2
DEM 280 443000 6831500 2 0.025 1.6 32 0.5 70 0.05 0.2
DEM 281 443100 6831500 2 0.025 4.6 99 0.5 84 0.05 0.2
DEM 282 443200 6831500 2 0.025 7.6 35.5 0.5 184 0.05 0.2
DEM 283 443300 6831500 0.5 0.025 3 29 0.5 57 0.05 0.2
DEM 284 443400 6831500 0.5 0.025 2.6 50.5 0.5 59 0.05 0.2
DEM 285 443500 6831500 0.5 0.025 2.8 43 0.5 52 0.05 0.2
DEM 286 443600 6831500 0.5 0.025 3 29 0.5 42 0.05 0.2

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9488 8888 F: +61 9488 8894