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MINREX RESOURCES LIMITED — Interim / Quarterly Report 2018
Oct 30, 2018
65375_rns_2018-10-30_7a0e1f82-206a-463c-b376-d33aae7403a3.pdf
Interim / Quarterly Report
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Quarterly Activities and Cash Flow Report for the Quarter Ended 30 September 2018
31 October 2018
HIGHLIGHTS
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A field team was mobilised to the East Pilbara area during August 2018. The three northernmost of MinRex’s East Pilbara Project areas were visited and a total of 270 rock samples were collected from target areas, prospects and old workings.
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At the Bamboo Creek Project several areas were tested by this rock sampling, with excellent assays being received from the Norms Find, BC07, Nobb Hill and northern gold prospects. This work returned assay values of up to 22.9g/t Au, 36g/t Ag, 18.5% Cu, 0.20% Cr, 0.15% Ni, 0.12% Pb and 0.28% Zn.
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Sampling at the Marble Bar North Project returned gold assays of up to 105g/t Au, with the average grade of all 20 samples being 6.0g/t Au.
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Similarly, sampling at the Marble Bar South Project returned gold assays of up to 37.7g/t Au, with the average grade of all 20 samples being 2.0g/t Au.
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MinRex has received very encouraging exploration results from both the May and August 2018 East Pilbara exploration programs, with these results highlighting the prospectivity and potential of these Project areas.
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Late in the Quarter, exploration was conducted on the Deflector Extended Gold Project, with the collection of 253 new soil samples and 32 rock samples. This work was completed post quarter end, and the full results are not yet available.
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On the 1[st] October 2018 Keystone Gold Pty Ltd was mobilised to the East Pilbara Projects to commence a three week metal detecting and sampling program, focussing on the gold potential and especially conglomerate-hosted gold potential.
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The results achieved by these two last exploration and sampling programs will be announced, when received, and followed up with additional work later in 2018 or early 2019.
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As at 30 September 2018 the Company had available cash of $1.19 million.
About MinRex
MinRex Resources Limited (ASX:MRR) (“MinRex” or “the Company”) is an exploration company, listed on the Australian Securities Exchange, with its present focus being the exploration of gold and base metal projects in Western Australia and a tin project in Tasmania. During the quarter, the Company carried out an exploration program covering three of its four East Pilbara Project areas, commenced an exploration program at its Deflector Extended Project, since completed, and has further commenced an exploration program on the East Pilbara Projects, which currently remains on-going.
MinRex currently holds six projects, four in the East Pilbara area of WA – the Daltons Gold Project, the Bamboo Creek Gold Project, the Marble Bar North Gold Project and the Marble Bar South Gold
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
Project, as well as the Deflector Extended Gold Project at Gullewa in Western Australia and the Heemskirk Tin Project on the west coast of Tasmania (Figure 1).
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Figure 1: Location of MinRex Project Areas
East Pilbara Gold Projects
MinRex commenced exploration on its East Pilbara Gold Project areas in December 2017, with the inaugural program recovering gold nuggets from the Marble Bar North Project (P45/3040)[1] . Assay results for ten rock samples collected from the Marble Bar South Project (P45/3039) were announced in February 2018. In May 2018, an additional 190 samples were subsequently collected, during a large detailed surface geological evaluation and sampling program on all four of the East Pilbara properties, with the results of this work subsequently being announced in June 2018.
During the quarter, MinRex completed the second detailed geological evaluation and sampling program on three of the four East Pilbara Gold Projects that the company holds a 70% interest in. As announced on the 21 August 2018, a detailed field sampling program was completed at the Bamboo Creek Project (E45/4560 and E45/4853), and at both the Marble Bar North (P45/3040) and Marble Bar South (P45/3039) Project areas.
Post September quarter activity
Commencing in early October 2018, an additional phase of field work, by Keystone Gold Pty Ltd, on MinRex’s East Pilbara Gold Projects incorporates visits to all four of the project areas around the Marble Bar (Figure 2). Further metal-detecting along with rock sampling was utilised to better understand these complex gold and possible conglomerate gold mineralised systems. This exploration program will run throughout the month of October with the final results expected in November.
1 As per ASX announcement in January 2018
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
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Figure 2: Satellite Image showing MinRex’s four East Pilbara Project Areas
Bamboo Creek Project
A large part of the focus of the August 2018 exploration program was on the two exploration licences that comprise the Bamboo Creek Project. This is a large project area, being several times the size of all of the other East Pilbara Gold Project areas combined, and the large area, remote location and under-explored history of this area combine to make it ideal for more detailed study, sampling and field exploration (Figure 3).
During August 2018, the third detailed geological evaluation and sampling program with a total of 230 rock samples were collected at the Bamboo Creek Project (E45/4560 and E45/4853) including samples from some of the known prospects, such as Norms Find, BC07 and Nobb Well, as well as various outcropping quartz veins and breccia zones. MinRex announced the full assay results for these 230 rock samples, collected at the two Bamboo Creek Project exploration licences.[2]
The results included assay values of up to 22.9g/t Au, 36g/t Ag, 18.5% Cu, 0.20% Cr, 0.15% Ni, 0.12% Pb and 0.28% Zn. The full assay results for gold, base metals, nickel and chrome are listed in Appendix 1, while the better results are shown on the plans at Figures 6, 7, and 8.
2 Refer to ASX Announcement dated 24 September 2018.
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
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Figure 3: Geological map showing the outline of the Bamboo Creek Project area
This Project area is prospective for gold mineralisation of the Bamboo Creek style. The Bamboo Creek goldfield lies just 5-10km to the north and east, and along strike within the Warrawoona Group Greenstones that occur in the northern portion of the exploration licence (Figure 4). There is also potential for the felsic porphyry-hosted base metal and molybdenum mineralization of the Spinifex Ridge (Coppin Gap) type, with the Spinifex Ridge Mo-Cu deposit being just 2km to the west of the northern portion of the exploration licence, occurring within a porphyry intrusion into the Warrawoona Group Greenstone sequence (Figure 5). There is also potential for chrome-nickel mineralization in ultramafic bodies, as at Nobb Hill, as well as anomalism in other as yet unidentified, mineralization styles.
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Figure 4: Outcropping Warrawoona Group rocks in the northern portion of E45/4560
The Bamboo Creek gold mining centre was discovered in the 1890’s, before the finds at Marble Bar, and has been active, on and off, for over 120 years, currently being operated by Haoma Mining Ltd. The first gold battery was established at the centre in 1892 and a State gold battery followed in 1913, the centre was historically one of the major gold producers in the Pilbara region, with over 250,000oz of gold mined and recovered. Eight major mines, including the Bulletin Mine and the Bamboo Queen Mine, were developed along the Main Line Reef, with multiple other smaller operations nearby. The nearby Spinifex Ridge molybdenum-copper porphyry deposit also contains a major JORC compliant mineral resource of molybdenum and copper.
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
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Figure 5: Map showing prospect locations in the northern part of the Bamboo Creek Project
At the main Bamboo Creek Project exploration licence (E45/4560) a total of 160 rock samples were collected from multiple areas, including some of the previously identified gold, copper, chrome, nickel and polymetallic prospects including Norms Find, BC07 and Nobb Hill, as well as various outcrop, float and scree zones.
In the northern portion of the exploration licence E45/4560, two assays of over 1.0g/t Au were returned from iron-stained quartz vein rocks, in greenstones, with a further six assays of similar rocks being between 0.1-1.0 g/t Au (Figure 6). These samples are from outcrop and float within Warrawoona Group ultramafic greenstone rocks of the same sequence that hosts the nearby gold mineralization at the main Bamboo Creek mining centre. The bulk of these ultramafic rocks are covered by a blanket of magnesite/calcrete, alluvium and colluvium. These anomalous gold results are considered highly encouraging.
Subsequent to the September quarter end, further exploration programs are underway in the northern section of the E45/4560 exploration licence which will include metal-detecting in gold anomalous areas, along with soil and rock sampling and geological mapping.
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
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Figure 6: Northern part of the Bamboo Creek Project showing all samples collected to date
Further sampling at the Norms Find prospect, also in the northern portion of E45/4560 exploration licence, returned high assay results for gold and copper. On this occasion testing was extended for up to 200m along the defined, north-south striking, quartz vein structure as well as into the hanging wall and footwall felsic and mafic volcanic rocks of the Warrawoona Group. This sampling returned assay values of up to 22.9g/t Au, 36g/t Ag and 18.5% Cu, with three of the assays being over 1g/t Au and 1.0% Cu (Figure 6).
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Figure 7: Western part of the Bamboo Creek Project with BC07 prospect area
A number of samples were also collected from sheared and altered felsic volcanic rocks in the northern portion of E45/4560 exploration licence, to test for potential felsic-hosted base metals or molybdenum-copper mineralization, analogous with the nearby Spinifex Ridge molybdenumcopper porphyry deposit. The samples collected to date returned only low values for precious and base metals, but these represent only a small volume of the total felsic rock outcrop areas in the project area. The highest values returned by these samples were 0.23% Cu and 256ppm Zn.
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
More samples were also collected at the BC07 prospect area, with the sampling having been extended along this extensive quartz vein system and also into the footwall and hanging wall rocks, which include extensive xenoliths and rafts of greenstones within the roof zone of the Coppin Gap Granodiorite. This sampling in the western portion of E45/4560 exploration licence, returned assay values of up to 0.33g/t Au, 0.81% Cu, 0.20% Zn and 0.11% Pb (Figure 7).
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Figure 8: Eastern part of the Bamboo Creek Project with the Nobb Hill prospect area
A number of new samples were also collected at the large, coarse-grained ultramafic intrusion, in the eastern portion of E45/4560 exploration licence, which comprised the Nobb Hill prospect. This prominent hill outcrops in the eastern portion of E45/4560 exploration licence and consists of layered bands of serpentinised peridotite and metapyroxenite, with some talcose alteration zones. Only a few samples have been collected at this prospect and the extent of any differentiation and accumulation of chromite and other metals within the intrusive body is as yet poorly understood. The new sampling returned assay values of up to 0.2% Cr (with half the samples being over 0.1% Cr), 0.15% Ni and 91ppm Co (Figure 8). More systematic and detailed sampling will be required to hone in onto any highly anomalous metal-rich layers within this intrusive body.
At the smaller Bamboo Creek Project exploration licence (E45/4853), a total of 70 rock samples were collected, principally from the locations of two previously defined geophysical target areas. There are no old workings in this exploration licence, which is entirely underlain by granitic rocks, albeit with some xenoliths of greenstone, pegmatite dykes and narrow intrusive felsic dykes. The 70 samples collected on this occasion were from the BC12 and BC13 aeromagnetic target zones, interpreted by a previous explorer of the area during 2007, as possible late-stage magmatic intrusions or alteration zones. The samples returned low assay values, with maximum values of 9ppb Au, 167ppm As, 77ppm Li, 55ppm Pb and 82ppm Zn. The full assay results for gold, base metals, nickel and chrome are listed in Appendix 2, while the better results are also shown on the plan at Figure 9.
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Figure 9: EL45/4853 at the Bamboo Creek Project showing August 2018 assay results
Post September quarter activity
On 1 October 2018, the next phase of field work on MinRex’s East Pilbara projects commenced which will again incorporate visits by Keystone Gold Pty Ltd to all four of the project areas around the Marble Bar area. Further metal-detecting along with rock sampling will be utilised to better understand these complex gold and possible conglomerate gold mineralised systems. The exploration program will run through the month of October with the final results expected in November.
Marble Bar North Project
In August 2018, during the third detailed geological evaluation and sampling program, a total of 20 rock samples were collected at the Marble Bar North Project (P45/3040). Many of the samples are from new previously untested areas but also some from other pits and minor old workings at the Ironclad Mine site. The full assay results for these rock samples were announced on the 28 September 2018. The gold mineralisation in this area occurs as quartz veins in sheared and strongly carbonated greenstones, and associated alteration zones, close to the greenstone/granite contact.
The 20 new rock samples from the Marble Bar North Project area were analysed for a total of 20 elements at Bureau Veritas in Perth. These included gold, silver, arsenic, cobalt, copper, chrome, bismuth, iron, lithium, manganese, molybdenum, nickel, lead, antimony, tin, tellurium, thorium, uranium, tungsten and zinc. The samples were generally low for most elements, except the gold assays, which varied from zero up to 105.0g/t Au, with an average for all 20 samples of 6.0g/t Au.
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
Three of the 20 samples assayed over 1.0g/t Au and 10 assayed over 0.1g/t Au. The full assay results for gold and base metals are listed in Appendix 3, while the gold results are also shown diagrammatically on the plan in Figure 10.
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Figure 10: Marble Bar North Project showing workings, nugget finds and all 60 gold assays to date
The highest grade sample (105 g/t Au) came from loose, iron-rich quartz vein material in the spoil pile of a small pit near the granite/greenstone contact and part of the old Ironclad Mine workings. The new samples were collected from throughout the licence area and mainly from areas of scree, float, old dumps and other areas beyond the previous samples which largely focussed on the old workings.
As previously noted, the intention was that the initial exploration of all of the East Pilbara Project areas would include the collection of a large number of rock samples from the areas of old workings, prospects, conglomerate horizons, potential target areas and prospective geological zones and horizons, with these samples then being subjected to multi-element analyses in order to discover the most prospective areas. The plan as per Figure 10 shows the current gold assay results for all 60 rock samples collected at the Marble Bar North Project in 2018, along with the location of old workings and the six gold nuggets recovered from this licence in December 2017.
Post September quarter activity
The fourth program of field work in the East Pilbara has just commenced in October 2018 which will incorporate visits to all four of the project areas in the East Pilbara region. Further metaldetecting along with detailed rock sampling, soil sampling in colluvium and soil covered areas and detailed geological mapping will be utilised to better understand these complex gold, base metal and poly-metallic mineralised systems.
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
Marble Bar South Project
In August 2018, during the third detailed geological evaluation and sampling program, a total of 20 rock samples were collected at the Marble Bar South Project (P45/3039). Many samples were from conglomerate horizons, in the northern sector of the licence and from scree, float and outcrops beyond and around the old workings. This licence contains the old McKays Find Mine and this line of old workings runs along a 30-40m high ridge of greenstone rocks which is truncated to the north by the presence of basal Fortescue Group conglomerate rocks (Figure 11).
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Figure 11: Overview photograph (looking northeast) from the old McKays Mine workings into the area of P45/3039 that is underlain by the basal conglomerate and Mt Roe Basalt
The aim of the current work was to commence testing of other parts of the licence, and particularly the conglomerate-bearing areas, for previously undetected gold mineralisation. MinRex announced the full assay results for these rock samples on the 28 September 2018.
The 20 new rock samples from Marble Bar South were analysed for a total of 20 elements at Bureau Veritas in Perth. These included gold, silver, arsenic, cobalt, copper, chrome, bismuth, iron, lithium, manganese, molybdenum, nickel, lead, antimony, tin, tellurium, thorium, uranium, tungsten and zinc. A few samples were anomalous in various elements but the outstanding results were in the gold assays which varied from 2ppb Au up to 37.7g/t Au, with an average for all 20 samples of 2.0g/t Au. The full assay results for gold and base metals are listed in Appendix 4, with the gold results for the 20 samples also shown on the plan in Figure 12.
The highest value sample (37.7g/t Au) came from a loose quartz vein float sample in the north of the licence that may have been transported from higher up on the ridge line (from the McKays Find workings area). More sampling and geological mapping will be required to determine the significance of this sample. Otherwise, generally low results were received for samples taken from within the conglomerate area in the north of the licence area. Although these represent only a small portion of this area and only a small number of samples, further metal-detecting, sampling and mapping work to better understand this area, will be completed on the latest visit to the licence scheduled in October 2018.
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
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Figure 12: Marble Bar South Project showing geology, workings and all 70 gold assays to date
The initial exploration completed on the East Pilbara Project areas included the collection of a large number of rock samples from the areas of old workings, conglomerate horizons, potential target areas and prospective geological zones and horizons, with these samples then being subjected to multi-element analyses in order to discover the most prospective areas. This work will be on-going and in combination with more metal-detecting and detailed sampling to be completed in the lesser explored sectors of the project areas in the next sampling program.
The plan above shows the gold assay results for all 70 rock samples collected at the Marble Bar South Project to date, along with the location of old workings and the generalised geology plan in Figure 12.
During the August-September 2018 East Pilbara exploration program, visits were made to the Bamboo Creek Project area (E45/4560 and E45/4853), Marble Bar North (P45/3040) and Marble Bar South (P45/3039) Project areas. Both of the Marble Bar properties contain old gold mine workings and have returned very encouraging sample assay results in all of the sampling programs completed to date.
Post September quarter activity
The next phase of field work planned during October 2018 on MinRex’s East Pilbara projects will incorporate visits by Keystone Gold Pty Ltd to all four of the project areas around the Marble Bar area. Further metal-detecting along with detailed rock sampling, soil sampling in colluvium and soil covered areas and detailed geological mapping will be utilised to better understand these complex gold, base metal and poly-metallic mineralised systems. This work is now underway, prior to the
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
summer heat and rain season.
Deflector Extended Gold Project
During late-September and early October 2018, MinRex completed a new detailed geological evaluation and sampling program at its Deflector Extended Gold Project at Gullewa, in the Murchison Goldfields of Western Australia.
MinRex’s Deflector Extended Gold Project (E59/1657) lies to the northeast of the Doray Minerals Limited Deflector Mine, where copper-gold mineralisation occurs in shear zones in meta-basalt, and also the Golden Stream open-cut, where gold was produced from shear-zone hosted quartz veins in meta-basalt.
MinRex has now collected a total of 566 surface rock samples at the Deflector Extended Gold Project with 594 soil samples and 185 auger drill samples, which have defined significant anomalous zones for further examination and sampling. There have also been prior programs of RAB drilling, aircore drilling and soil sampling, by earlier explorers of the area, the results from which support the definition of these anomalous zones. The assay results from the 534 rock samples collected by MinRex, prior to the September-October 2018 program are shown below in Figure 13.
The assay results for the 285 samples collected during September-October 2018 exploration program are expected to be received in November 2018.
Post September quarter activity
The next phase of field work at the Deflector Extended Gold Project will concentrate on the defined anomalous zones, but also will include some further reconnaissance work elsewhere in the exploration licence. It is probable that this work will be completed either later in 2018 or in early 2019.
It is anticipated that the next stage of work at the Deflector Extended Gold Project may include a shallow, vertical aircore drilling program of lines of holes within the anomalous areas. Commencement of the heritage survey process, with archaeological and ethnographic surveys over the proposed drilling areas will be done in late 2018, along with the collection of further surface rock and soil samples, with a view to further pin pointing the most anomalous areas for subsequent drilling. This work will concentrate on the defined anomalous zones, but also will include some further reconnaissance work elsewhere in the Deflector Extended Gold Project.
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Figure 13: Plan of the Deflector Extended Gold Project (E59/1657) showing the geology and previous MinRex rock sample assay results
Heemskirk Tin Project
The Heemskirk Tin Project lies in exploration licence EL18/2011, on the west coast of Tasmania. MinRex has now held its Heemskirk Tin Project since 2012 and has been successful in identifying a number of the old tin workings, dating from the 1870’s-1880’s, and has collected a total of 129 stream sediment concentrate samples, 99 rock chip samples and 78 soil samples, for a total of 306 samples, in a search for large low-grade, or smaller, high to medium-grade tin deposits.
No field work has been completed on the Heemskirk Tin Project in Tasmania, during the current quarter.
Tenement Information as required by Listing Rule 5.3.3
| Region | Project | Tenement | Area | Grant | Expiry | Change | Current |
|---|---|---|---|---|---|---|---|
| approx. | Date | Date | in Holding | Interest | |||
| East Pilbara East Pilbara East Pilbara East Pilbara East Pilbara |
Daltons Bamboo Creek Bamboo Creek Marble Bar South Marble Bar North |
E45/4681 E45/4560 E45/4853 P45/3039 P45/3040 |
9 km2 69 km2 6 km2 8.26 ha 3.03 ha |
13-07-17 27-10-17 11-10-17 02-07-18 02-07-18 |
12-07-22 26-10-22 10-10-22 01-07-22 01-07-22 |
- - - - - |
70% 70% 70% 70% 70% |
| Murchison | Deflector Extended | E59/1657 | 15 km2 | 12-07-11 | 11-07-21 | - | 100% |
| Tasmania | Heemskirk | EL18/2011 | 9 km2 | 03-04-11 | 02-04-19 | - | 100% |
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
Corporate
During the quarter, Miss Aida Tabakovic was appointed as the Company Secretary of MinRex, replacing Mrs Elizabeth Hunt.
As at 30 September 2018, the Company had available cash of $1.19 million.
For further information, please contact:
Simon Durack Executive Director MinRex Resources Limited T: +61 8 9486 8806 F: +61 8 9321 3559 [email protected]
Competent Persons Statement:
The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Kieron Munro, a Competent Person who is a Member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Munro is employed as an independent geological consultant by MinRex and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
Appendix 1 – Bamboo Creek Project (E45/4560) - August 2018 Rock Sample Assay Results
| Sample | Easting | Northing | Au | Ag | As | Cr | Pb | Cu | Ni | Zn |
|---|---|---|---|---|---|---|---|---|---|---|
| No. | m | m | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm |
| BBR051 | 200214 | 7687749 | 0.00 | 0.0 | 9.6 | 170 | 0 | 4 | 128 | 10 |
| BBR052 | 200182 | 7687748 | 0.00 | 0 | 3 | 440 | 2 | 11 | 181 | 7 |
| BBR053 | 200158 | 7687711 | 0.00 | 0 | 6 | 355 | 0 | 8 | 161 | 6 |
| BBR054 | 200374 | 7687682 | 0.00 | 0 | 5 | 20 | 0 | 1 | 7 | 1 |
| BBR055 | 200369 | 7687682 | 0.00 | 0 | 7 | 40 | 1 | 327 | 41 | 9 |
| BBR056 | 200359 | 7687645 | 0.00 | 0 | 13 | 185 | 4 | 5 | 54 | 4 |
| BBR057 | 200257 | 7687580 | 0.48 | 0 | 15 | 80 | 23 | 734 | 67 | 115 |
| BBR058 | 200256 | 7687571 | 0.00 | 0 | 14 | 390 | 4 | 38 | 144 | 23 |
| BBR059 | 200271 | 7687599 | 0.00 | 0 | 42 | 535 | 4 | 37 | 129 | 16 |
| BBR060 | 200271 | 7687599 | 0.00 | 0 | 32 | 260 | 5 | 58 | 68 | 7 |
| BBR061 | 201092 | 7687533 | 0.00 | 0 | 2 | 25 | 0 | 2 | 7 | 1 |
| BBR062 | 201126 | 7687537 | 0.00 | 0 | 2 | 30 | 0 | 3 | 6 | 1 |
| BBR063 | 201199 | 7687599 | 0.00 | 0 | 4 | 815 | 1 | 3 | 157 | 13 |
| BBR064 | 201265 | 7687539 | 0.00 | 0 | 1 | 25 | 0 | 8 | 7 | 1 |
| BBR065 | 201329 | 7687546 | 0.00 | 0 | 1 | 30 | 0 | 6 | 8 | 5 |
| BBR066 | 201378 | 7687536 | 0.00 | 0 | 30 | 85 | 2 | 10 | 14 | 9 |
| BBR067 | 201400 | 7687471 | 0.00 | 0 | 41 | 15 | 0 | 128 | 5 | 0 |
| BBR068 | 201431 | 7687400 | 0.08 | 0 | 1610 | 290 | 10 | 171 | 504 | 156 |
| BBR069 | 201433 | 7687400 | 0.13 | 0 | 440 | 715 | 23 | 74 | 244 | 30 |
| BBR070 | 201433 | 7687400 | 0.23 | 0 | 1480 | 1110 | 19 | 76 | 485 | 25 |
| BBR071 | 201430 | 7687394 | 0.00 | 0 | 197 | 15 | 2 | 234 | 69 | 231 |
| BBR072 | 201434 | 7687393 | 0.25 | 0 | 413 | 60 | 11 | 88 | 57 | 76 |
| BBR073 | 201441 | 7687400 | 0.03 | 0 | 183 | 245 | 13 | 15 | 118 | 8 |
| BBR074 | 201460 | 7687385 | 0.06 | 0 | 48 | 35 | 13 | 193 | 42 | 24 |
| BBR075 | 201460 | 7687385 | 0.06 | 0 | 409 | 25 | 179 | 276 | 50 | 57 |
| BBR076 | 201265 | 7687397 | 1.03 | 3 | 1750 | 10 | 83 | 1290 | 443 | 954 |
| BBR077 | 200951 | 7687469 | 0.00 | 0 | 1 | 15 | 2 | 6 | 13 | 10 |
| BBR078 | 200899 | 7687426 | 0.02 | 0 | 91 | 165 | 4 | 168 | 57 | 98 |
| BBR079 | 200926 | 7687350 | 0.00 | 0 | 30 | 25 | 2 | 234 | 86 | 192 |
| BBR080 | 200865 | 7687173 | 0.00 | 0 | 4 | 5 | 6 | 9 | 13 | 37 |
| BBR081 | 200876 | 7687161 | 0.00 | 0 | 1 | 5 | 3 | 4 | 6 | 24 |
| BBR082 | 200888 | 7687147 | 0.00 | 0 | 2 | 130 | 8 | 170 | 144 | 255 |
| BBR083 | 200890 | 7687142 | 0.00 | 0 | 2 | 150 | 4 | 146 | 112 | 256 |
| BBR084 | 200935 | 7687145 | 0.03 | 1 | 154 | 15 | 162 | 412 | 30 | 872 |
| BBR085 | 200935 | 7687131 | 1.16 | 0 | 84 | 10 | 23 | 258 | 24 | 64 |
| BBR086 | 200935 | 7687131 | 0.06 | 0 | 151 | 10 | 92 | 218 | 37 | 189 |
| BBR087 | 200933 | 7687128 | 0.02 | 0 | 202 | 40 | 82 | 2320 | 44 | 46 |
| BBR088 | 200924 | 7687113 | 0.00 | 0 | 26 | 75 | 4 | 95 | 70 | 87 |
| BBR089 | 201260 | 7687647 | 0.00 | 0 | 4 | 685 | 0 | 26 | 353 | 18 |
| BBR090 | 201267 | 7687649 | 0.00 | 0 | 2 | 910 | 0 | 15 | 519 | 20 |
| BBR091 | 201277 | 7687622 | 0.00 | 0 | 4 | 250 | 0 | 24 | 149 | 13 |
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MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
| Sample | Easting | Northing | Au | Ag | As | Cr | Pb | Cu | Ni | Zn |
|---|---|---|---|---|---|---|---|---|---|---|
| No. | m | m | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm |
| BBR092 | 201410 | 7687562 | 0.00 | 0 | 2 | 15 | 2 | 3 | 9 | 4 |
| BBR093 | 201425 | 7687510 | 0.00 | 0 | 16 | 20 | 1 | 7 | 6 | 8 |
| BBR094 | 201439 | 7687507 | 0.00 | 0 | 4 | 60 | 0 | 2 | 32 | 8 |
| BBR095 | 201436 | 7687462 | 0.05 | 1 | 51 | 20 | 3 | 90 | 23 | 4 |
| BBR096 | 201437 | 7687461 | 0.00 | 0 | 4 | 300 | 0 | 8 | 74 | 6 |
| BBR097 | 201476 | 7687470 | 0.00 | 0 | 6 | 195 | 0 | 14 | 85 | 10 |
| BBR098 | 201484 | 7687468 | 0.00 | 0 | 45 | 340 | 2 | 16 | 401 | 52 |
| BBR099 | 201502 | 7687476 | 0.00 | 0 | 3 | 110 | 0 | 4 | 76 | 13 |
| BBR100 | 201528 | 7687481 | 0.00 | 0 | 4 | 95 | 0 | 4 | 55 | 11 |
| BBR101 | 201553 | 7687502 | 0.00 | 0 | 9 | 60 | 0 | 3 | 57 | 10 |
| BBR102 | 201557 | 7687511 | 0.00 | 0 | 6 | 35 | 0 | 12 | 21 | 8 |
| BBR103 | 201607 | 7687588 | 0.00 | 0 | 1 | 40 | 0 | 32 | 53 | 59 |
| BBR104 | 201629 | 7687584 | 0.00 | 0 | 1 | 20 | 0 | 24 | 29 | 23 |
| BBR105 | 201628 | 7687592 | 0.01 | 0 | 6 | 10 | 3 | 16 | 12 | 11 |
| BBR106 | 201630 | 7687601 | 0.00 | 0 | 17 | 15 | 1 | 35 | 52 | 39 |
| BBR107 | 201636 | 7687633 | 0.00 | 0 | 2 | 15 | 1 | 3 | 71 | 52 |
| BBR108 | 201637 | 7687630 | 0.00 | 0 | 1 | 35 | 0 | 68 | 72 | 58 |
| BBR109 | 201632 | 7687657 | 0.00 | 0 | 5 | 15 | 2 | 3 | 28 | 30 |
| BBR110 | 201630 | 7687685 | 0.00 | 0 | 0 | 10 | 0 | 3 | 2 | 6 |
| BBR111 | 201605 | 7687690 | 0.00 | 0 | 1 | 10 | 0 | 24 | 26 | 13 |
| BBR112 | 201608 | 7687695 | 0.00 | 0 | 1 | 5 | 2 | 92 | 26 | 63 |
| BBR113 | 201588 | 7687635 | 0.00 | 0 | 4 | 15 | 3 | 18 | 15 | 4 |
| BBR114 | 201576 | 7687630 | 0.00 | 0 | 1 | 10 | 0 | 20 | 9 | 57 |
| BBR115 | 201560 | 7687620 | 0.00 | 0 | 15 | 60 | 2 | 62 | 108 | 26 |
| BBR116 | 201555 | 7687615 | 0.00 | 0 | 13 | 25 | 4 | 74 | 66 | 34 |
| BBR117 | 201487 | 7687621 | 0.00 | 0 | 17 | 390 | 1 | 19 | 160 | 16 |
| BBR118 | 201457 | 7687628 | 0.00 | 0 | 23 | 5 | 2 | 4 | 20 | 14 |
| BBR119 | 201420 | 7687631 | 0.00 | 0 | 7 | 625 | 1 | 48 | 113 | 29 |
| BBR120 | 201393 | 7687649 | 0.00 | 0 | 4 | 15 | 0 | 12 | 12 | 25 |
| BBR121 | 201270 | 7687606 | 0.00 | 0 | 1 | 90 | 0 | 4 | 5 | 0 |
| BBR122 | 201193 | 7687503 | 0.00 | 0 | 3 | 20 | 0 | 2 | 9 | 3 |
| BBR123 | 201201 | 7687446 | 0.00 | 0 | 9 | 20 | 0 | 9 | 9 | 6 |
| BBR124 | 201207 | 7687425 | 0.01 | 0 | 30 | 5 | 3 | 53 | 18 | 148 |
| BBR125 | 201213 | 7687408 | 0.10 | 2 | 36 | 10 | 28 | 79 | 14 | 31 |
| BBR126 | 201225 | 7687400 | 0.06 | 1 | 24 | 20 | 8 | 26 | 19 | 53 |
| BBR127 | 201244 | 7687383 | 0.20 | 1 | 68 | 10 | 6 | 174 | 17 | 33 |
| BBR128 | 201167 | 7687277 | 0.00 | 0 | 2 | 10 | 1 | 657 | 5 | 12 |
| BBR129 | 201172 | 7687270 | 0.01 | 0 | 32 | 35 | 0 | 92 | 103 | 60 |
| BBR130 | 201130 | 7687249 | 0.00 | 0 | 1 | 50 | 0 | 58 | 14 | 12 |
| BBR131 | 201125 | 7687236 | 0.00 | 0 | 4 | 15 | 0 | 7 | 14 | 1 |
| BBR132 | 201107 | 7687231 | 0.01 | 0 | 29 | 10 | 2 | 136 | 22 | 7 |
| BBR133 | 201072 | 7687106 | 0.00 | 0 | 1 | 5 | 4 | 3 | 3 | 21 |
| BBR134 | 201047 | 7687118 | 0.00 | 0 | 1 | 10 | 2 | 2 | 5 | 1 |
| BBR135 | 200975 | 7687139 | 0.01 | 0 | 11 | 15 | 3 | 45 | 11 | 14 |
16
MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
| Sample | Easting | Northing | Au | Ag | As | Cr | Pb | Cu | Ni | Zn |
|---|---|---|---|---|---|---|---|---|---|---|
| No. | m | m | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm |
| BBR136 | 200971 | 7687141 | 0.00 | 0 | 32 | 75 | 2 | 200 | 62 | 100 |
| BBR137 | 200953 | 7687145 | 0.00 | 0 | 38 | 40 | 2 | 258 | 71 | 92 |
| BBR138 | 200945 | 7687154 | 0.00 | 0 | 4 | 5 | 4 | 18 | 6 | 13 |
| BBR139 | 200945 | 7687154 | 0.01 | 0 | 2 | 0 | 1 | 3 | 3 | 3 |
| BBR140 | 200940 | 7687136 | 0.01 | 0 | 50 | 5 | 5 | 223 | 21 | 56 |
| BBR141 | 200945 | 7687065 | 0.00 | 0 | 1 | 40 | 0 | 170 | 36 | 29 |
| BBR142 | 200960 | 7687007 | 0.00 | 0 | 2 | 10 | 4 | 41 | 9 | 4 |
| BBR143 | 200997 | 7687004 | 0.01 | 0 | 10 | 15 | 69 | 389 | 13 | 140 |
| BBR144 | 201023 | 7687001 | 0.01 | 0 | 7 | 25 | 70 | 105 | 10 | 43 |
| BBR145 | 201047 | 7686986 | 0.05 | 0 | 117 | 10 | 405 | 237 | 2 | 2830 |
| BBR146 | 201086 | 7687082 | 0.00 | 0 | 2 | 30 | 3 | 54 | 41 | 6 |
| BBR147 | 201266 | 7687416 | 0.02 | 0 | 138 | 10 | 21 | 220 | 43 | 72 |
| BBR148 | 201418 | 7687445 | 0.00 | 0 | 3 | 95 | 0 | 3 | 42 | 4 |
| BBR149 | 201177 | 7687436 | 0.00 | 0 | 2 | 30 | 2 | 124 | 47 | 38 |
| BBR150 | 201176 | 7687438 | 0.00 | 0 | 44 | 0 | 2 | 277 | 37 | 1180 |
| BBR151 | 197998 | 7684062 | 0.01 | 0 | 2 | 55 | 17 | 64 | 20 | 20 |
| BBR152 | 197999 | 7684059 | 0.01 | 1 | 6 | 35 | 8 | 8080 | 17 | 37 |
| BBR153 | 198007 | 7684049 | 0.00 | 0 | 2 | 25 | 36 | 37 | 12 | 16 |
| BBR154 | 198007 | 7684049 | 0.02 | 0 | 1 | 15 | 45 | 127 | 6 | 14 |
| BBR155 | 198008 | 7684046 | 0.01 | 0 | 1 | 30 | 54 | 145 | 14 | 12 |
| BBR156 | 198009 | 7684044 | 0.00 | 0 | 1 | 30 | 8 | 1100 | 13 | 8 |
| BBR157 | 198013 | 7684032 | 0.01 | 1 | 2 | 15 | 1150 | 703 | 6 | 2050 |
| BBR158 | 198014 | 7684031 | 0.00 | 0 | 2 | 75 | 69 | 274 | 29 | 35 |
| BBR159 | 198014 | 7684031 | 0.01 | 0 | 2 | 35 | 599 | 446 | 12 | 104 |
| BBR160 | 198016 | 7684020 | 0.03 | 0 | 1 | 30 | 273 | 68 | 11 | 13 |
| BBR161 | 198004 | 7684042 | 0.01 | 0 | 2 | 105 | 416 | 517 | 46 | 64 |
| BBR162 | 198058 | 7684013 | 0.01 | 1 | 0 | 10 | 70 | 35 | 2 | 3 |
| BBR163 | 198022 | 7683975 | 0.03 | 0 | 3 | 120 | 296 | 164 | 24 | 57 |
| BBR164 | 197969 | 7683906 | 0.31 | 2 | 1 | 10 | 712 | 22 | 1 | 7 |
| BBR165 | 197917 | 7683897 | 0.33 | 1 | 1 | 20 | 117 | 1750 | 8 | 25 |
| BBR166 | 197852 | 7683877 | 0.06 | 3 | 1 | 10 | 344 | 1730 | 4 | 2 |
| BBR167 | 197843 | 7683868 | 0.04 | 7 | 1 | 10 | 287 | 4010 | 5 | 26 |
| BBR168 | 197826 | 7683839 | 0.01 | 4 | 1 | 10 | 206 | 253 | 5 | 4 |
| BBR169 | 197884 | 7683936 | 0.00 | 0 | 1 | 10 | 3 | 96 | 4 | 3 |
| BBR170 | 197904 | 7683969 | 0.01 | 1 | 1 | 10 | 163 | 381 | 1 | 7 |
| BBR171 | 200659 | 7687473 | 0.00 | 0 | 16 | 90 | 4 | 135 | 105 | 232 |
| BBR172 | 200593 | 7687235 | 0.00 | 0 | 19 | 15 | 2 | 53 | 18 | 28 |
| BBR173 | 200625 | 7687076 | 11.40 | 36 | 7 | 15 | 1 | 78000 | 12 | 9 |
| BBR174 | 200625 | 7687076 | 22.90 | 22 | 41 | 20 | 2 | 26700 | 18 | 7 |
| BBR175 | 200625 | 7687076 | 1.36 | 32 | 15 | 10 | 1 | 185000 | 60 | 16 |
| BBR176 | 200622 | 7687071 | 0.07 | 1 | 22 | 10 | 2 | 349 | 3 | 3 |
| BBR177 | 200624 | 7687057 | 0.02 | 2 | 6 | 10 | 4 | 1300 | 5 | 2 |
| BBR178 | 200624 | 7687044 | 0.05 | 10 | 405 | 10 | 17 | 1060 | 44 | 98 |
| BBR179 | 200631 | 7686993 | 0.01 | 0 | 4 | 40 | 0 | 62 | 33 | 9 |
17
MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
| Sample | Easting | Northing | Au | Ag | As | Cr | Pb | Cu | Ni | Zn |
|---|---|---|---|---|---|---|---|---|---|---|
| No. | m | m | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm |
| BBR180 | 200629 | 7687022 | 0.01 | 0 | 12 | 25 | 7 | 72 | 32 | 43 |
| BBR181 | 200626 | 7687025 | 0.01 | 0 | 9 | 90 | 0 | 77 | 28 | 26 |
| BBR182 | 200624 | 7687067 | 0.02 | 0 | 4 | 50 | 8 | 256 | 19 | 36 |
| BBR183 | 200625 | 7687070 | 0.01 | 0 | 1 | 105 | 1 | 141 | 54 | 13 |
| BBR184 | 200627 | 7687047 | 0.01 | 0 | 19 | 45 | 3 | 54 | 57 | 7 |
| BBR185 | 200622 | 7687049 | 0.00 | 0 | 55 | 35 | 2 | 37 | 27 | 21 |
| BBR186 | 200632 | 7687081 | 0.01 | 0 | 2 | 40 | 0 | 60 | 28 | 5 |
| BBR187 | 200623 | 7687037 | 0.09 | 1 | 460 | 20 | 33 | 1220 | 58 | 16 |
| BBR188 | 200623 | 7687037 | 0.08 | 1 | 843 | 15 | 35 | 1700 | 91 | 22 |
| BBR189 | 200623 | 7687100 | 0.40 | 3 | 17 | 25 | 7 | 3190 | 17 | 89 |
| BBR190 | 200617 | 7687167 | 0.02 | 0 | 7 | 25 | 1 | 34 | 25 | 23 |
| BBR191 | 208549 | 7676772 | 0.00 | 0 | 4 | 1540 | 0 | 52 | 775 | 50 |
| BBR192 | 208609 | 7676753 | 0.00 | 0 | 4 | 1260 | 1 | 9 | 825 | 27 |
| BBR193 | 208655 | 7676757 | 0.00 | 0 | 7 | 1550 | 1 | 5 | 788 | 14 |
| BBR194 | 208689 | 7676754 | 0.00 | 0 | 2 | 1350 | 0 | 3 | 731 | 22 |
| BBR195 | 208736 | 7676757 | 0.00 | 0 | 2 | 2010 | 0 | 7 | 939 | 17 |
| BBR196 | 208765 | 7676766 | 0.00 | 0 | 200 | 1820 | 34 | 20 | 572 | 27 |
| BBR197 | 208812 | 7676783 | 0.00 | 0 | 4 | 1710 | 3 | 8 | 461 | 17 |
| BBR198 | 208875 | 7676773 | 0.00 | 0 | 2 | 1690 | 1 | 3 | 69 | 38 |
| BBR199 | 208932 | 7676760 | 0.00 | 0 | 3 | 1370 | 0 | 7 | 557 | 11 |
| BBR200 | 208929 | 7676771 | 0.01 | 0 | 1 | 600 | 0 | 8 | 428 | 17 |
| BBR201 | 208877 | 7676795 | 0.00 | 0 | 2 | 20 | 3 | 6 | 13 | 4 |
| BBR202 | 208885 | 7676904 | 0.00 | 0 | 14 | 70 | 0 | 47 | 70 | 43 |
| BBR203 | 208880 | 7676929 | 0.00 | 0 | 2 | 20 | 1 | 2 | 20 | 8 |
| BBR204 | 208870 | 7676963 | 0.00 | 0 | 10 | 820 | 1 | 33 | 52 | 13 |
| BBR205 | 208864 | 7676992 | 0.00 | 0 | 1 | 25 | 3 | 2 | 14 | 8 |
| BBR206 | 208850 | 7677038 | 0.00 | 0 | 1 | 145 | 0 | 116 | 146 | 35 |
| BBR207 | 208847 | 7677058 | 0.00 | 0 | 1 | 410 | 0 | 17 | 482 | 11 |
| BBR208 | 208836 | 7677121 | 0.00 | 0 | 3 | 840 | 4 | 10 | 431 | 12 |
| BBR209 | 208816 | 7677049 | 0.00 | 0 | 3 | 1010 | 0 | 3 | 258 | 20 |
| BBR210 | 208766 | 7676968 | 0.00 | 0 | 3 | 490 | 0 | 3 | 1520 | 3 |
18
MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
Appendix 2 – Bamboo Creek Project (E45/4853) - August 2018 Rock Sample Assay Results
| Sample | Easting | Northing | Au | Ag | As | Cr | Pb | Cu | Ni | Zn |
|---|---|---|---|---|---|---|---|---|---|---|
| No. | m | m | ppm | ppm | ppm | ppm | ppm | ppm | Ppm | ppm |
| BCR001 | 206885 | 7673657 | 0 | 0 | 1 | 20 | 1 | 3 | 4 | 1 |
| BCR002 | 206924 | 7673712 | 0 | 0.05 | 1 | 20 | 2 | 4 | 9 | 5 |
| BCR003 | 206927 | 7673731 | 0 | 0 | 1 | 15 | 0 | 3 | 1 | 1 |
| BCR004 | 206933 | 7673805 | 0 | 0 | 0.8 | 15 | 0 | 3 | 3 | 2 |
| BCR005 | 207038 | 7673867 | 0 | 0 | 0.8 | 20 | 3 | 0 | 5 | 2 |
| BCR006 | 206928 | 7673917 | 0 | 0 | 1 | 10 | 0 | 3 | 3 | 0 |
| BCR007 | 206878 | 7673908 | 0 | 0 | 1.2 | 25 | 0 | 5 | 8 | 1 |
| BCR008 | 206848 | 7673912 | 0 | 0 | 1 | 15 | 0 | 3 | 7 | 0 |
| BCR009 | 206719 | 7673851 | 0 | 0 | 1.2 | 15 | 1 | 6 | 4 | 2 |
| BCR010 | 206628 | 7673851 | 0 | 0 | 0.8 | 10 | 12 | 4 | 8 | 4 |
| BCR011 | 206620 | 7673851 | 0 | 0 | 1.2 | 25 | 2 | 3 | 8 | 7 |
| BCR012 | 206695 | 7673751 | 0 | 0 | 1 | 20 | 0 | 3 | 4 | 1 |
| BCR013 | 206741 | 7673711 | 0 | 0 | 0.8 | 15 | 0 | 4 | 11 | 0 |
| BCR014 | 206732 | 7673659 | 0 | 0 | 0.8 | 20 | 0 | 3 | 3 | 1 |
| BCR015 | 206256 | 7673506 | 0 | 0 | 0.6 | 10 | 5 | 5 | 3 | 3 |
| BCR016 | 206156 | 7673506 | 0 | 0 | 0.8 | 15 | 2 | 4 | 6 | 10 |
| BCR017 | 206022 | 7673450 | 0 | 0 | 1.2 | 15 | 4 | 5 | 0 | 1 |
| BCR018 | 205863 | 7673584 | 0 | 0 | 0.8 | 15 | 0 | 7 | 7 | 5 |
| BCR019 | 205839 | 7673603 | 0 | 0 | 4 | 30 | 29 | 32 | 12 | 82 |
| BCR020 | 205846 | 7673611 | 0 | 0 | 1 | 20 | 2 | 5 | 7 | 4 |
| BCR021 | 205829 | 7673697 | 0 | 0 | 1 | 15 | 3 | 8 | 7 | 4 |
| BCR022 | 205791 | 7673756 | 0 | 0 | 1.2 | 15 | 12 | 4 | 5 | 3 |
| BCR023 | 205783 | 7673802 | 0 | 0 | 1.2 | 15 | 2 | 4 | 7 | 7 |
| BCR024 | 205775 | 7673815 | 0 | 0 | 1 | 15 | 0 | 3 | 6 | 2 |
| BCR025 | 205727 | 7673970 | 0 | 0 | 1 | 20 | 4 | 6 | 4 | 0 |
| BCR026 | 205823 | 7673996 | 0 | 0 | 0.8 | 15 | 0 | 3 | 2 | 2 |
| BCR027 | 205951 | 7673930 | 0 | 0 | 0.8 | 10 | 0 | 3 | 4 | 0 |
| BCR028 | 205978 | 7673921 | 0 | 0 | 1 | 15 | 1 | 2 | 9 | 3 |
| BCR029 | 205992 | 7673919 | 0 | 0 | 2.6 | 20 | 43 | 14 | 6 | 65 |
| BCR030 | 206030 | 7673905 | 0 | 0 | 0.8 | 15 | 2 | 2 | 4 | 0 |
| BCR031 | 206050 | 7673778 | 0 | 0 | 0.6 | 10 | 4 | 3 | 6 | 3 |
| BCR032 | 206060 | 7673777 | 0 | 0 | 1 | 15 | 0 | 5 | 1 | 1 |
| BCR033 | 206147 | 7673709 | 0 | 0 | 0.8 | 20 | 1 | 5 | 1 | 2 |
| BCR034 | 206428 | 7673705 | 0 | 0 | 0.8 | 10 | 0 | 2 | 4 | 1 |
| BCR035 | 206716 | 7673978 | 0 | 0 | 0.8 | 20 | 0 | 3 | 6 | 0 |
| BCR036 | 206779 | 7673971 | 0 | 0 | 0.8 | 15 | 0 | 6 | 4 | 11 |
| BCR037 | 206854 | 7674008 | 0 | 0 | 0.8 | 15 | 0 | 2 | 5 | 0 |
| BCR038 | 206941 | 7674135 | 0 | 0 | 0.6 | 15 | 0 | 2 | 1 | 2 |
| BCR039 | 206921 | 7674153 | 0 | 0 | 1 | 10 | 1 | 2 | 6 | 3 |
| BCR040 | 206918 | 7674152 | 0 | 0 | 0.4 | 10 | 3 | 1 | 4 | 1 |
| BCR041 | 206866 | 7674180 | 0 | 0 | 1 | 20 | 0 | 1 | 7 | 0 |
| BCR042 | 206863 | 7674259 | 0 | 0 | 2.8 | 35 | 8 | 25 | 20 | 81 |
19
MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
| Sample | Easting | Northing | Au | Ag | As | Cr | Pb | Cu | Cu | Ni | Ni | Zn | Zn | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. | m | m | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | |||||
| BCR043 | 206880 | 7674278 | 0 | 0 | 0.8 | 15 | 0 | 5 | 7 | 0 | |||||
| BCR044 | 206817 | 7674242 | 1 | 0 | 1.2 | 15 | 2 | 4 | 7 | 0 | |||||
| BCR045 | 206790 | 7674220 | 0 | 0 | 1.2 | 5 | 4 | 9 | 1 | 76 | |||||
| BCR046 | 206751 | 7674184 | 0 | 0 | 0.8 | 10 | 0 | 3 | 3 | 1 | |||||
| BCR047 | 206770 | 7674084 | 0 | 0 | 0.8 | 20 | 0 | 3 | 2 | 3 | |||||
| BCR048 | 206744 | 7674078 | 0 | 0 | 1 | 15 | 3 | 8 | 4 | 3 | |||||
| BCR049 | 206744 | 7674078 | 0 | 0 | 0.8 | 5 | 8 | 5 | 9 | 4 | |||||
| BCR050 | 206745 | 7674039 | 3 | 0 | 0.6 | 5 | 0 | 7 | 4 | 3 | |||||
| BCR051 | 206360 | 7675894 | 9 | 0 | 167 | 15 | 55 | 3 | 3 | 2 | |||||
| BCR052 | 206324 | 7675916 | 0 | 0 | 1.8 | 15 | 0 | 2 | 8 | 2 | |||||
| BCR053 | 206300 | 7675903 | 0 | 0 | 0.6 | 35 | 4 | 10 | 30 | 32 | |||||
| BCR054 | 206308 | 7675912 | 0 | 0 | 1 | 10 | 3 | 8 | 2 | 6 | |||||
| BCR055 | 206348 | 7675931 | 0 | 0 | 0.4 | 10 | 7 | 7 | 4 | 59 | |||||
| BCR056 | 206372 | 7675946 | 0 | 0 | 0.8 | 25 | 0 | 4 | 6 | 5 | |||||
| BCR057 | 206388 | 7676043 | 0 | 0 | 1 | 15 | 6 | 10 | 8 | 6 | |||||
| BCR058 | 206322 | 7676024 | 0 | 0 | 1 | 15 | 7 | 8 | 4 | 15 | |||||
| BCR059 | 206240 | 7676086 | 1 | 0 | 1 | 10 | 1 | 4 | 1 | 3 | |||||
| BCR060 | 206279 | 7675986 | 0 | 0 | 1 | 15 | 0 | 3 | 5 | 2 | |||||
| BCR061 | 206254 | 7675861 | 0 | 0 | 1 | 10 | 4 | 5 | 5 | 20 | |||||
| BCR062 | 206241 | 7675838 | 0 | 0 | 0.8 | 15 | 0 | 4 | 4 | 0 | |||||
| BCR063 | 206229 | 7675798 | 0 | 0 | 1.4 | 10 | 3 | 4 | 6 | 7 | |||||
| BCR064 | 206223 | 7675769 | 2 | 0 | 32.4 | 15 | 5 | 7 | 9 | 5 | |||||
| BCR065 | 206183 | 7675748 | 3 | 0 | 28.6 | 15 | 33 | 10 | 22 | 14 | |||||
| BCR066 | 206183 | 7675748 | 0 | 0 | 12.2 | 25 | 48 | 18 | 16 | 51 | |||||
| BCR067 | 206201 | 7675713 | 0 | 0 | 1 | 15 | 0 | 3 | 5 | 2 | |||||
| BCR068 | 206308 | 7675685 | 0 | 0 | 21.4 | 15 | 7 | 5 | 3 | 6 | |||||
| BCR069 | 206334 | 7675750 | 0 | 0 | 15.6 | 15 | 13 | 2 | 3 | 6 | |||||
| BCR070 | 206317 | 7675825 | 0 | 0 | 1.2 | 15 | 6 | 6 | 8 | 17 |
20
MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
Appendix 3 – Marble Bar North Project (P45/3040) - August 2018 Rock Sample Assay Results
| Sample | Easting | Northing | Au | Ag | As | Cr | Pb | Cu | Ni | Zn |
|---|---|---|---|---|---|---|---|---|---|---|
| No. | m | m | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm |
| MNR041 | 786370 | 7657672 | 0.79 | 0.05 | 33 | 15 | 0 | 33 | 13 | 9 |
| MNR042 | 786371 | 7657628 | 0.11 | 0.05 | 4.4 | 75 | 0 | 41 | 24 | 7 |
| MNR043 | 786369 | 7657627 | 0.94 | 0.1 | 19.6 | 25 | 4 | 9 | 21 | 4 |
| MNR044 | 786357 | 7657631 | 105.0 | 3.95 | 208 | 30 | 15 | 366 | 88 | 8 |
| MNR045 | 786349 | 7657653 | 0.11 | 0.05 | 39.4 | 20 | 3 | 16 | 25 | 5 |
| MNR046 | 786373 | 7657609 | 0.09 | 0.05 | 7.8 | 10 | 4 | 113 | 14 | 7 |
| MNR047 | 786386 | 7657591 | 0.65 | 0.2 | 7 | 35 | 0 | 14 | 56 | 7 |
| MNR048 | 786388 | 7657581 | 3.86 | 0.25 | 3.6 | 70 | 3 | 25 | 36 | 7 |
| MNR049 | 786387 | 7657576 | 0.12 | 0 | 6.2 | 80 | 2 | 66 | 57 | 10 |
| MNR050 | 786380 | 7657561 | 0.04 | 0 | 3.6 | 140 | 0 | 4 | 78 | 6 |
| MNR051 | 786350 | 7657599 | 8.57 | 0.25 | 30.2 | 15 | 0 | 140 | 17 | 5 |
| MNR052 | 786339 | 7657607 | 0.01 | 0.7 | 22.2 | 75 | 0 | 34 | 98 | 29 |
| MNR053 | 786347 | 7657589 | 0.01 | 0 | 2 | 55 | 0 | 8 | 55 | 15 |
| MNR054 | 786363 | 7657575 | 0.01 | 0 | 8.8 | 40 | 0 | 11 | 34 | 20 |
| MNR055 | 786370 | 7657562 | 0.00 | 0.05 | 19.2 | 50 | 0 | 28 | 98 | 34 |
| MNR056 | 786383 | 7657495 | 0.00 | 0 | 3 | 15 | 0 | 4 | 8 | 6 |
| MNR057 | 786381 | 7657501 | 0.03 | 0 | 4 | 80 | 0 | 4 | 20 | 11 |
| MNR058 | 786379 | 7657505 | 0.01 | 0.1 | 20.2 | 30 | 4 | 34 | 26 | 12 |
| MNR059 | 786365 | 7657512 | 0.00 | 0 | 4 | 20 | 0 | 10 | 13 | 6 |
| MNR060 | 786339 | 7657511 | 0.28 | 0 | 7 | 20 | 2 | 34 | 27 | 7 |
21
MinRex Resources Limited – Quarterly Activities and Cash Flow Report for the Quarter ended 30 September 2018
Appendix 4 – Marble Bar South Project (P45/3039) - August 2018 Rock Sample Assay Results
| Sample | Easting | Northing | Au | Ag | As | Cr | Pb | Cu | Ni | Zn |
|---|---|---|---|---|---|---|---|---|---|---|
| No. | m | m | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm |
| MSR051 | 783844 | 7648212 | 0.01 | 0 | 3.8 | 645 | 0 | 39 | 175 | 25 |
| MSR052 | 783805 | 7648230 | 0.00 | 0 | 0.6 | 20 | 0 | 1 | 5 | 1 |
| MSR053 | 783772 | 7648204 | 0.00 | 0.05 | 0.4 | 20 | 2 | 4 | 7 | 5 |
| MSR054 | 783788 | 7648185 | 0.00 | 0 | 1 | 10 | 0 | 3 | 4 | 3 |
| MSR055 | 783815 | 7648179 | 0.05 | 0 | 40 | 15 | 1 | 22 | 44 | 39 |
| MSR056 | 783803 | 7648145 | 0.03 | 0 | 38.2 | 225 | 0 | 28 | 58 | 15 |
| MSR057 | 783807 | 7648138 | 0.11 | 0 | 20.6 | 150 | 0 | 9 | 39 | 8 |
| MSR058 | 783840 | 7648126 | 1.76 | 0.15 | 58 | 560 | 3 | 17 | 188 | 33 |
| MSR059 | 783838 | 7648120 | 0.01 | 0 | 2.2 | 15 | 0 | 3 | 9 | 7 |
| MSR060 | 783868 | 7648115 | 0.01 | 0 | 17 | 70 | 2 | 46 | 733 | 41 |
| MSR061 | 783878 | 7648120 | 0.00 | 0 | 2.8 | 105 | 0 | 12 | 76 | 11 |
| MSR062 | 783934 | 7648136 | 0.00 | 0 | 1.4 | 190 | 0 | 13 | 59 | 17 |
| MSR063 | 783894 | 7648138 | 37.7 | 16.6 | 394 | 170 | 48 | 6410 | 254 | 40 |
| MSR064 | 783881 | 7648146 | 0.02 | 0.1 | 1.8 | 20 | 0 | 8 | 5 | 2 |
| MSR065 | 783854 | 7648112 | 0.01 | 0 | 6.2 | 365 | 0 | 29 | 206 | 28 |
| MSR066 | 783855 | 7648112 | 0.00 | 0 | 2.6 | 100 | 0 | 14 | 80 | 56 |
| MSR067 | 783855 | 7648108 | 0.01 | 0.05 | 24.4 | 125 | 5 | 66 | 1420 | 39 |
| MSR068 | 783828 | 7648098 | 0.01 | 0 | 4.4 | 80 | 0 | 16 | 29 | 9 |
| MSR069 | 783805 | 7648079 | 0.08 | 0 | 5 | 40 | 0 | 4 | 54 | 16 |
| MSR070 | 783768 | 7648061 | 0.23 | 0 | 39.8 | 110 | 1 | 2 | 30 | 9 |
22
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
+Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16
Name of entity
MINREX RESOURCES LIMITED and its Controlled Entities
ABN Quarter ended (“current quarter”) 81 151 185 867 30 September 2018
| Consolidated statement of cash flows | Current quarter $A’000 |
Year to date (3 months) $A’000 |
|---|---|---|
| 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Research and development refunds 1.8 Other (provide details if material) 1.9 Net cash from / (used in) operating activities |
- (160) - - - (188) - 4 - - - |
- (160) - - - (188) - 4 - - - |
| (344) | (344) | |
| 2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) tenements (see item 10) (c) investments (d) other non-current assets |
- - - - |
- - - - |
- See chapter 19 for defined terms 1 September 2016
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| Consolidated statement of cash flows | Current quarter $A’000 |
Year to date (3 months) $A’000 |
|---|---|---|
| 2.2 Proceeds from the disposal of: (a) property, plant and equipment (b) tenements (see item 10) (c) investments (d) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other – Acquisition of subsidiaries 2.6 Net cash from / (used in) investing activities |
- - - - - - - |
- - - - - - - |
| - | - | |
| 3. Cash flows from financing activities 3.1 Proceeds from issues of shares 3.2 Proceeds from issue of convertible notes 3.3 Proceeds from exercise of share options 3.4 Transaction costs related to issues of shares, convertible notes or options 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities |
- - - - - - - - - |
- - - - - - - - - |
| - | - | |
| 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period |
1,540 (344) - - - |
1,540 (344) - - - |
| 1,196 | 1,196 |
- See chapter 19 for defined terms 1 September 2016
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts |
Current quarter $A’000 |
Previous quarter $A’000 |
|---|---|---|
| 5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) |
1,196 - - - |
1,540 - - - |
| 1,196 | 1,540 | |
| 6. Payments to directors of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to these parties included in item 1.2 43 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 - 6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2 |
||
| Current quarter $A'000 |
||
| 43 | ||
| - |
Payment to directors including non-executive directors’ fees and superannuation for the quarter.
| 7. | Payments to related entities of the entity and their | Current quarter |
|---|---|---|
| associates | $A'000 | |
| 7.1 | Aggregate amount of payments to these parties included in item 1.2 | - |
| 7.2 | Aggregate amount of cash flow from loans to these parties included | - |
| in item 2.3 | ||
| 7.3 | Include below any explanation necessary to understand the transactions included in | |
| items 7.1 and 7.2 | ||
| - |
- See chapter 19 for defined terms 1 September 2016
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 8. Financing facilities available Add notes as necessary for an understanding of the position 8.1 Loan facilities 8.2 Credit standby arrangements 8.3 Other (please specify) |
Total facility amount at quarter end $A’000 |
Amount drawn at quarter end $A’000 |
|---|---|---|
| - | - | |
| - | - | |
| - | - |
- 8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.
| 9. Estimated cash outflows for next quarter |
$A’000 |
|---|---|
| 9.1 Exploration and evaluation 9.2 Development 9.3 Production 9.4 Staff costs 9.5 Administration and corporate costs 9.6 Other (provide details if material) 9.7 Total estimated cash outflows |
140 - - - 190 - |
| 330 |
| 10. Changes in tenements (items 2.1(b) and 2.2(b) above) |
Tenement reference and location |
Nature of interest |
Interest at beginning of quarter |
Interest at end of quarter |
|---|---|---|---|---|
| 10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced |
||||
| 10.2 Interests in mining tenements and petroleum tenements acquired or increased |
Compliance statement
-
1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
-
2 This statement gives a true and fair view of the matters disclosed.
Sign here: ............................................... (Director)
Date: 31 October 2018
Print name: SIMON DURACK
- See chapter 19 for defined terms 1 September 2016
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Notes
-
The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
-
If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
-
Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
-
See chapter 19 for defined terms 1 September 2016
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