Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ORA BANDA MINING LTD Capital/Financing Update 2018

May 30, 2018

65475_rns_2018-05-30_f3b2b550-eb47-4fcd-bdaf-74cee76e0559.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX ANNOUNCEMENT

31 May 2018

SIBERIA DRILLING DEFINES LATERITE EXTENSIONS & VIABLE LOW GRADE STOCKPILE

HIGHLIGHTS

  • Additional drilling defines extensions for Sand King laterites

  • Two holes ended in bedrock mineralisation with a maximum grade of 6.61 g/t gold

  • Follow-up drilling of Sand King laterites now being planned

  • Drilling of the low-grade dump complete – assays pending

  • Drilling of historical low-grade stockpile identifies viable mill feed sources

  • Total Mineral Resource in the Siberia district now totals 5,678,000t @ 3.1g/t Au for 577,000 ounces

  • Drilling highlights from low grade stockpile and laterites includes:

ISSUED CAPITAL

Shares: 761.7 m Options: 226.7 m Current Share Price: $0.135 Market Capitalisation: $102.8 m Cash as at 31/03/2018: $3.8m*

*Excluding total debt facilities of $35.0m, see ASX announcement 31 Jan 2017. Drawn to date $18.6m.

Low Grade Stockpile Results

Laterite Results

  • 15.0 m @ 1.41 g/t Au

  • 11.0 m @ 1.90 g/t Au

  • 14.0 m @ 1.38 g/t Au

  • 6.0 m @ 2.47 g/t Au

  • 10.0 m @ 1.75 g/t Au

  • 7.0 m @ 1.78 g/t Au

  • 13.0 m @ 1.30 g/t Au

  • 9.0 m @ 1.30 g/t Au

  • 12.0 m @ 1.40 g/t Au

  • 3.0 m @ 3.79 g/t Au

  • 10.0 m @ 1.59 g/t Au

  • 4.0 m @ 2.79 g/t Au

  • 14.0 m @ 1.13 g/t Au

  • 6.0 m @ 1.85 g/t Au

  • 15.0 m @ 1.04 g/t Au

  • 7.0 m @ 1.52 g/t Au

  • 11.0 m @ 1.39 g/t Au

  • 6.0 m @ 1.70 g/t Au

  • 14.0 m @ 1.08 g/t Au 4.0 m @ 2.48 g/t Au

  • • • 12.0 m @ 1.24 g/t Au 5.0 m @ 1.95 g/t Au

  • • • 13.0 m @ 1.11 g/t Au 7.0 m @ 1.37 g/t Au

Eastern Goldfields Limited (ASX: EGS) ( Eastern Goldfields or the Company ) is pleased to announce drilling results from the Siberia open pit mining project, located approximately 37 km south-east of the Davyhurst Mill and 80 km north-west of Kalgoorlie (refer Figure 1).

Assays results have been returned on the recently completed low grade stockpile and laterite extensional drilling (see Figure 2). On the low grade stockpile, 92 holes for 1,925 metres were drilled to establish a 15 metre by 15 metre drill spacing. The strength of the results returned to date, combined with the 2,000 metres of infill drilling has now closed out the program. These results will be evaluated to establish low grade mining blocks which will be made available for processing from June 2018 (see Figures 3 & 4).

As announced on 29 August 2017, near surface gold mineralisation was defined outside of the existing Ore Reserve, on the eastern side of the Sand King pit. An initial drilling program was completed in the first quarter resulting in a significant tonnage mined out in April 2018. Additional extensional drilling successfully defined extensions to the

known mineralisation. A total of 191 holes were drilled for 2,444 metres. These recent results are currently being evaluated with mining scheduled for June 2018 (see Figures 5 & 6).

Significantly, two holes ended in mineralisation with a maximum grade of 6.61 g/t gold. Further examinations are being undertaken to confirm a potential intersection with the primary mineralisation that underlies the laterite mineralisation (see Figure 6) . Conceptually this may relate to a cross cutting (east-west) structure. Preliminary follow-up drilling is planned.

Executive Chairman, Michael Fotios said: “Defining relatively broad grade zones within the Sand King low grade stockpile and extensions to the laterite mineralisation clearly bolsters the short-term processing opportunities at Davyhurst, while we progress the Siberia bulk waste mining pre-strip. Both areas are associated with low stripping ratios (waste:ore), which will result in low cost gold production. The potential to find a primary mineralisation source underlying the laterite mineralisation will remain our focus in the short-term.”

Open pit mining at Sand King continues to progress well, reaching approximately 10 vertical metres below surface, with the current pit floor reaching the 402.5mRL level. The first significant grade control drilling event commenced from this level, targeting the upper sections of the southern shoot array.

About Siberia

The Siberia complex is located 37km south-east of the Davyhurst processing plant and approximately 80km northwest of Kalgoorlie within the north eastern Goldfields of Western Australia (Figure 1).

Siberia is scheduled to supply the bulk of the open pit milling tonnes to the Davyhurst processing plant in 2018 and 2019. An Ore Reserve update announced on 14 February 2017 established a combined open pit Reserve for the Missouri and Sand King deposits of 2,025,000t @ 2.3g/t Au for 150,000 ounces . This represents a 30% gold ounce conversion to open pit ore from the combined Mineral Resource for these deposits of 4,884,000 @ 3.2g/t Au for 498,000 ounces . The balance of the combined Mineral Resource ounces is located below the current planned open pits at Sand King and Missouri.

Open pit mining has now commenced, initially targeting the southern end of Sand King pit. Evaluation work investigating the underground mining potential of these two deposits is being considered.

The total Mineral Resource in the Siberia district now totals 5,678,000t @ 3.1g/t Au for 577,000 ounces.

==> picture [456 x 661] intentionally omitted <==

Figure 1: Project location plan

==> picture [496 x 640] intentionally omitted <==

Figure 2: Low grade and laterite location plan

==> picture [711 x 456] intentionally omitted <==

Figure 3: Low grade stockpile showing drill hole locations and results. Thickness shading indicates >4m area of interest.

==> picture [711 x 459] intentionally omitted <==

Figure 4: Cross sections of low grade stockpile displaying composite results and highlighting area of interest.

==> picture [496 x 650] intentionally omitted <==

Figure 5: Laterite extensions showing drill hole locations and results.

==> picture [712 x 459] intentionally omitted <==

Figure 6: Cross sections of laterite mineralisation drilling results and highlighting area of interest.

Investor Enquiries

Michael Fotios Executive Chairman T: +61 8 6241 1888 E : [email protected]

Competent Person Statements

The information in this report that relates to Exploration Results is based on information compiled under the supervision of Mr Andrew Czerw, a permanent employee of Eastern Goldfields Limited, who is Member of the Australian Institute of Mining and Metallurgy. Mr Czerw 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 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Czerw consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to the Sand King, Missouri and Low Grade Stockpile Mineral Resources is based on information compiled under the supervision of Mr Michael Thomson, a former employee of Eastern Goldfields Limited, who is Member of the Australian Institute of Mining and Metallurgy. Mr Thomson 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 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been modified from the original announcement and, in the case of estimates of Mineral Resources, all material assumptions and technical parameters underpinning the estimates in the initial announcement continue to apply and have not materially changed.

The information in this report that relates to Mineral Resources (with the exception of Sand King, Missouri and Low Grade Stockpile Mineral Resources) is based on information compiled under the supervision of Mr Michael Thomson, a former employee of Eastern Goldfields Limited, who is Member of the Australian Institute of Mining and Metallurgy. Mr Thomson 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’. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been modified from the original announcement and, in the case of estimates of Mineral Resources, all material assumptions and technical parameters underpinning the estimates in the initial announcement continue to apply and have not materially changed. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

The information in this report that relates to Ore Reserves is based on information compiled by Mr Craig Mann, who is an independent mining engineering consultant and a full-time employee of Entech Pty Ltd and has sufficient relevant experience to advise Eastern Goldfields Limited on matters relating to mine design, mine scheduling, mining methodology and mining costs. Mr Mann is satisfied that the information provided in this statement has been determined to a PFS level of accuracy, based on the data provided by Eastern Goldfields Limited. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been modified from the original announcement and all material assumptions and technical parameters underpinning the estimates in the initial announcement continue to apply and have not materially changed.

Forward Looking Statements

Eastern Goldfields Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Eastern Goldfields Limited, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it. This announcement is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever. This announcement may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production

businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Table 1: EGS Mineral Resource Statement

PROJECT MEASURED MEASURED INDICATED INDICATED INFERRED INFERRED TOTAL MATERIAL TOTAL MATERIAL TOTAL MATERIAL
Prospect ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.)
CENTRAL DAVYHURST
Golden Eagle 0 0.0 345 2.5 311 2.6 656 2.5 54
Lights Of Israel Underground 0 0.0 74 4.3 180 4.2 254 4.2 35
Makai Shoot 0 0.0 1,985 2.0 153 1.7 2,138 2.0 136
Waihi 0 0.0 805 2.4 109 2.4 914 2.4 71
Subtotal 0 0.0 3,200 2.2 800 2.6 3,962 2.3 296
RiIVERINA/ MULLINE
LadyGladys 0 0.0 1,858 1.9 190 2.4 2,048 1.9 128
Riverina Area 0 0.0 941 2.4 1,644 2.5 2,585 2.5 205
Forehand 0 0.0 386 1.7 436 1.9 822 1.8 48
Silver Tongue 0 0.0 155 2.7 19 1.3 174 2.5 14
Sunraysia 0 0.0 175 2.1 318 2.0 493 2.0 32
Subtotal 0 0.0 3,515 2.1 2,607 2.3 6,122 2.2 427
SIBERIA
Sand King 0 0.0 1,773 3.3 680 3.7 2,453 3.4 272
Missouri 0 0.0 2,022 3.0 409 2.6 2,431 2.9 227
Palmerston/Camperdown 0 0.0 118 2.3 174 2.4 292 2.4 22
Bewick Moreing 0 0.0 0 0.0 50 2.3 50 2.3 4
Black Rabbit 0 0.0 0 0.0 434 3.5 434 3.5 49
Thiel Well 0 0.0 0 0.0 18 6.0 18 6.0 3
Subtotal 0 0.0 3,913 3.1 1,765 3.2 5,678 3.1 577
CALLION
Callion 0 0.0 86 2.8 83 2.3 169 2.6 14
Subtotal 0 0.0 86 2.8 83 2.3 169 2.6 14
WALHALLA
Federal Flag 32 2.0 112 1.8 238 2.5 382 2.3 28
Salmon Gums 0 0.0 199 2.8 108 2.9 307 2.8 28
Walhalla 0 0.0 448 1.8 216 1.4 664 1.7 36
Walhalla North 0 0.0 94 2.4 13 3.0 107 2.5 9
Mount Banjo 0 0.0 109 2.3 126 1.4 235 1.8 14
Macedon 0 0.0 0 0.0 186 1.8 186 1.8 11
Subtotal 32 2.0 962 2.1 887 2.0 1,881 2.1 126
LADY IDA
Iguana 0 0.0 690 2.1 2,032 2.0 2,722 2.0 177
Lizard 106 4.0 75 3.7 13 2.8 194 3.8 24
Subtotal 106 4.0 765 2.3 2,045 2.0 2,916 2.1 201
Low Grade Stockpiles - - - - 764 1.1 764 1.1 27
DAVYHURST TOTAL 138 3.5 12,441 2.5 8,187 2.4 21,492 2.4 1,668
MOUNT IDA
Baldock 0 0.0 136 18.6 0 0.0 136 18.6 81
Baldock South 0 0.0 0 0.0 0 0.0 0 0.0 0
Meteor 0 0.0 0 0.0 143 9.3 143 9.3 43
Whinnen 0 0.0 0 0.0 39 13.3 39 13.3 17
MOUNT IDA TOTAL 0 0.0 136 18.6 182 10.2 318 13.8 141
MEASURED INDICATED INFERRED TOTAL MATERIAL
('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.)
COMBINED TOTAL 138 3.5 12,577 2.7 8,369 2.6 21,810 2.6 1,809
  1. All Resources listed above with the exception of the Missouri and Sand King Resources were prepared and first disclosed under the JORC Code 2004 (refer to ASX release “ Swan Gold Prospectus ”, 13 February 2013) . It has not been updated since to comply with JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

  2. The Missouri, Sand King and low grade stockpile Mineral Resources has been updated and complies with all relevant aspects of the JORC code 2012, and initially released to the market on 15 December 2016 (Missouri) 3 January 2017 (Sand King and 14 July 2017).

  3. The above table contains rounding errors.

Appendix 1: EGS Significant Intercepts, Low Grade Stockpile Results Table 5.0 g/t top cut and 0.6 g/t Au lower cut

Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
SKLGRC001
6656180
303531
433
0
-90
27.0
9.0 17.0 8.0 1.09
SKLGRC002
6656211
303532
436
0
-90
27.0
0.0 4.0 4.0 0.60
10.0 17.0 7.0 1.18
20.0 21.0 1.0 0.92
SKLGRC003
6656155
303566
434
0
-90
27.0
1.0 3.0 2.0 1.64
9.0 19.0 10.0 1.75
SKLGRC004
6656172
303559
435
0
-90
27.0
6.0 7.0 1.0 1.01
10.0 15.0 5.0 0.61
22.0 23.0 1.0 1.32
SKLGRC005
6656207
303558
436
0
-90
27.0
5.0 7.0 2.0 3.11
10.0 17.0 7.0 1.43
23.0 24.0 1.0 1.20
SKLGRC006
6656228
303577
439
0
-90
30.0
0.0 2.0 2.0 0.82
4.0 7.0 3.0 0.60
11.0 25.0 14.0 0.96
SKLGRC007
6656130
303594
430
0
-90
24.0
1.0 8.0 7.0 1.30
12.0 13.0 1.0 0.73
SKLGRC009
6656184
303593
442
0
-90
33.0
2.0 16.0 14.0 1.08
22.0 24.0 2.0 0.65
27.0 29.0 2.0 0.68
SKLGRC010
6656211
303593
441
0
-90
30.0
1.0 2.0 1.0 1.92
6.0 7.0 1.0 1.35
10.0 22.0 12.0 1.24
24.0 29.0 5.0 0.90
SKLGRC011
6656107
303624
427
0
-90
24.0
0.0 8.0 8.0 0.76
SKLGRC013
6656187
303618
443
0
-90
33.0
4.0 5.0 1.0 0.86
16.0 17.0 1.0 0.93
20.0 24.0 4.0 0.74
SKLGRC014
6656244
303631
442
0
-90
33.0
4.0 9.0 5.0 0.97
22.0 25.0 3.0 2.01
28.0 29.0 1.0 1.56
SKLGRC015
6656143
303656
437
0
-90
24.0
7.0 8.0 1.0 0.64
9.0 10.0 1.0 0.69
11.0 12.0 1.0 0.90
15.0 17.0 2.0 2.11
22.0 23.0 1.0 0.69
SKLGRC016
6656171
303634
442
0
-90
24.0
12.0 22.0 10.0 1.06
SKLGRC017
6656182
303643
444
0
-90
33.0
16.0 17.0 1.0 1.52
20.0 31.0 11.0 1.00
SKLGRC018
6656203
303646
444
0
-90
36.0
12.0 19.0 7.0 1.51
24.0 25.0 1.0 0.69
SKLGRC019
6656223
303650
444
0
-90
33.0
12.0 13.0 1.0 1.85
21.0 22.0 1.0 0.78
SKLGRC020
6656143
303674
436
0
-90
27.0
0.0 1.0 1.0 0.90
8.0 19.0 11.0 0.90
SKLGRC021
6656183
303735
426
0
-90
24.0
6.0 7.0 1.0 1.06
SKLGRC024
6656217
303725
428
0
-90
18.0
NSI
SKLGRC025
6656253
303714
427
0
-90
18.0
11.0 12.0 1.0 0.79
SKLGRC026
6656185
303757
426
0
-90
15.0
NSI
SKLGRC027
6656178
303663
429
0
-90
18.0
2.0 14.0 12.0 0.73
SKLGRC028
6656162
303679
429
0
-90
21.0
0.0 3.0 3.0 1.78
6.0 11.0 5.0 0.93
SKLGRC029
6656160
303660
430
0
-90
18.0
0.0 7.0 7.0 1.15
10.0 13.0 3.0 0.80
SKLGRC030
6656160
303645
430
0
-90
18.0
2.0 8.0 6.0 1.36
12.0 13.0 1.0 0.66
SKLGRC031
6656160
303615
430
0
-90
18.0
0.0 15.0 15.0 1.04
SKLGRC032
6656160
303600
430
0
-90
21.0
2.0 3.0 1.0 3.93
7.0 9.0 2.0 1.03
SKLGRC033
6656160
303586
429
0
-90
21.0
3.0 4.0 1.0 5.00
7.0 11.0 4.0 1.29
16.0 17.0 1.0 1.20
SKLGRC034
6656160
303555
429
0
-90
21.0
1.0 15.0 14.0 1.38
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
SKLGRC035
6656145
303570
429
0
-90
24.0
2.0 10.0 8.0 0.85
SKLGRC036
6656147
303585
429
0
-90
22.0
3.0 4.0 1.0 0.79
7.0 14.0 7.0 1.07
SKLGRC037
6656146
303600
429
0
-90
24.0
3.0 16.0 13.0 1.00
SKLGRC038
6656145
303615
430
0
-90
18.0
1.0 4.0 3.0 0.67
6.0 8.0 2.0 0.74
13.0 14.0 1.0 0.83
SKLGRC039
6656145
303630
430
0
-90
18.0
2.0 9.0 7.0 0.74
SKLGRC040
6656145
303644
430
0
-90
18.0
2.0 12.0 10.0 1.00
SKLGRC041
6656145
303690
433
0
-90
18.0
5.0 8.0 3.0 1.15
11.0 12.0 1.0 0.87
SKLGRC042
6656159
303697
429
0
-90
18.0
1.0 2.0 1.0 0.89
6.0 7.0 1.0 1.67
SKLGRC043
6656130
303630
430
0
-90
18.0
2.0 3.0 1.0 0.91
7.0 15.0 8.0 0.96
SKLGRC044
6656130
303675
430
0
-90
19.0
5.0 10.0 5.0 1.22
SKLGRC045
6656115
303660
430
0
-90
24.0
0.0 1.0 1.0 0.90
9.0 11.0 2.0 0.62
SKLGRC046
6656115
303675
432
0
-90
24.0
3.0 5.0 2.0 3.21
SKLGRC047
6656175
303540
430
0
-90
21.0
1.0 16.0 15.0 1.41
SKLGRC048
6656175
303554
430
0
-90
21.0
0.0 1.0 1.0 1.21
4.0 7.0 3.0 1.24
10.0 16.0 6.0 1.76
SKLGRC049
6656174
303570
430
0
-90
21.0
1.0 2.0 1.0 1.16
8.0 10.0 2.0 3.32
13.0 16.0 3.0 1.79
SKLGRC050
6656169
303578
430
0
-90
21.0
0.0 1.0 1.0 0.64
5.0 15.0 10.0 1.59
SKLGRC051
6656188
303527
430
0
-90
20.0
1.0 13.0 12.0 1.40
16.0 17.0 1.0 1.49
SKLGRC052
6656190
303540
430
0
-90
19.0
1.0 9.0 8.0 1.19
13.0 17.0 4.0 0.77
SKLGRC053
6656190
303554
430
0
-90
18.0
3.0 12.0 9.0 0.69
SKLGRC054
6656190
303569
430
0
-90
19.0
7.0 18.0 11.0 1.39
SKLGRC055
6656190
303599
430
0
-90
18.0
0.0 13.0 13.0 1.11
SKLGRC056
6656190
303630
430
0
-90
18.0
0.0 6.0 6.0 0.81
SKLGRC057
6656190
303644
430
0
-90
18.0
1.0 4.0 3.0 1.09
9.0 11.0 2.0 1.24
14.0 15.0 1.0 1.03
SKLGRC058
6656189
303660
429
0
-90
20.0
1.0 8.0 7.0 1.12
11.0 15.0 4.0 0.92
SKLGRC059
6656205
303540
430
0
-90
21.0
0.0 12.0 12.0 1.04
15.0 16.0 1.0 0.66
SKLGRC060
6656205
303555
430
0
-90
21.0
2.0 8.0 6.0 1.00
11.0 17.0 6.0 0.79
SKLGRC061
6656205
303570
429
0
-90
21.0
2.0 16.0 14.0 0.99
SKLGRC062
6656205
303585
429
0
-90
21.0
4.0 5.0 1.0 1.03
8.0 16.0 8.0 0.65
SKLGRC063
6656205
303600
430
0
-90
20.0
3.0 14.0 11.0 0.84
SKLGRC064
6656205
303615
430
0
-90
20.0
1.0 2.0 1.0 0.74
4.0 5.0 1.0 0.77
8.0 10.0 2.0 1.30
13.0 15.0 2.0 0.78
SKLGRC065
6656205
303660
430
0
-90
19.0
1.0 7.0 6.0 1.44
12.0 13.0 1.0 0.75
SKLGRC066
6656220
303555
430
0
-90
21.0
0.0 14.0 14.0 0.90
SKLGRC067
6656220
303569
430
0
-90
21.0
4.0 17.0 13.0 1.30
SKLGRC068
6656220
303585
430
0
-90
21.0
0.0 6.0 6.0 1.63
10.0 11.0 1.0 2.76
14.0 16.0 2.0 3.96
SKLGRC069
6656220
303600
430
0
-90
21.0
2.0 16.0 14.0 1.13
SKLGRC070
6656220
303630
430
0
-90
20.0
3.0 10.0 7.0 0.98
SKLGRC071
6656221
303645
430
0
-90
20.0
1.0 13.0 12.0 0.99
17.0 18.0 1.0 0.80
SKLGRC072
6656220
303704
431
0
-90
21.0
5.0 6.0 1.0 0.83
9.0 10.0 1.0 0.97
14.0 15.0 1.0 1.82
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
SKLGRC073
6656220
303689
431
0
-90
21.0
0.0 9.0 9.0 1.31
15.0 16.0 1.0 0.71
SKLGRC074
6656220
303675
430
0
-90
20.0
0.0 1.0 1.0 1.14
7.0 8.0 1.0 0.71
12.0 15.0 3.0 0.99
SKLGRC075
6656236
303569
430
0
-90
20.0
3.0 4.0 1.0 0.72
7.0 17.0 10.0 0.87
SKLGRC076
6656235
303584
430
0
-90
20.0
5.0 7.0 2.0 2.48
14.0 17.0 3.0 0.73
SKLGRC077
6656235
303599
429
0
-90
20.0
2.0 12.0 10.0 1.00
15.0 16.0 1.0 0.76
SKLGRC078
6656236
303615
429
0
-90
20.0
0.0 3.0 3.0 1.06
7.0 15.0 8.0 1.22
SKLGRC079
6656235
303630
430
0
-90
20.0
1.0 9.0 8.0 0.94
12.0 13.0 1.0 0.87
SKLGRC080
6656235
303644
430
0
-90
20.0
2.0 8.0 6.0 1.16
12.0 14.0 2.0 1.53
SKLGRC081
6656234
303661
430
0
-90
18.0
2.0 14.0 12.0 0.90
SKLGRC082
6656250
303586
430
0
-90
20.0
3.0 4.0 1.0 0.97
7.0 14.0 7.0 1.14
SKLGRC083
6656250
303600
430
0
-90
20.0
11.0 12.0 1.0 0.61
14.0 15.0 1.0 0.86
SKLGRC084
6656250
303615
430
0
-90
20.0
0.0 1.0 1.0 0.67
6.0 9.0 3.0 1.31
10.0 11.0 1.0 1.50
14.0 16.0 2.0 0.71
SKLGRC085
6656250
303630
430
0
-90
20.0
6.0 16.0 10.0 0.80
SKLGRC086
6656135
303431
430
0
-90
21.0
7.0 8.0 1.0 0.89
12.0 13.0 1.0 0.90
SKLGRC087
6656075
303425
430
0
-90
27.0
NSI
SKLGRC088
6656050
303500
430
0
-90
28.0
0.0 1.0 1.0 1.10
SKLGRC089
6656125
303475
430
0
-90
24.0
12.0 13.0 1.0 0.71
SKLGRC090
6656100
303501
430
0
-90
24.0
NSI
SKLGRC091
6656050
303450
430
0
-90
24.0
NSI
SKLGRC092
6656092
303559
431
0
-90
24.0
NSI
SKLGRC093
6656120
303515
430
0
-90
22.0
NSI
SKLGRC094
6656130
303511
430
0
-90
21.0
NSI
SKLGRC095
6656145
303525
430
0
-90
20.0
15.0 16.0 1.0 0.82
SKLGRC096
6656145
303510
430
0
-90
21.0
NSI
SKLGRC097
6656145
303495
431
0
-90
24.0
NSI
SKLGRC098
6656145
303480
430
0
-90
24.0
4.0 5.0 1.0 1.48
SKLGRC099
6656101
303450
430
0
-90
28.0
NSI
SKLGRC100
6656160
303465
430
0
-90
22.0
NSI
SKLGRC101
6656160
303480
430
0
-90
21.0
NSI
SKLGRC102
6656160
303495
431
0
-90
20.0
NSI
SKLGRC103
6656160
303510
431
0
-90
21.0
10.0 11.0 1.0 0.62
SKLGRC104
6656160
303524
431
0
-90
24.0
14.0 19.0 5.0 0.75
SKLGRC105
6656175
303465
430
0
-90
22.0
0.0 1.0 1.0 0.63
SKLGRC106
6656175
303480
431
0
-90
21.0
NSI
SKLGRC107
6656175
303495
431
0
-90
22.0
NSI
SKLGRC108
6656175
303509
431
0
-90
23.0
13.0 14.0 1.0 1.03
SKLGRC109
6656175
303524
431
0
-90
22.0
12.0 15.0 3.0 1.04
SKLGRC110
6656190
303465
431
0
-90
20.0
1.0 2.0 1.0 1.49
6.0 8.0 2.0 0.80
SKLGRC111
6656190
303480
431
0
-90
21.0
1.0 2.0 1.0 1.26
SKLGRC112
6656190
303495
431
0
-90
22.0
14.0 15.0 1.0 0.69
SKLGRC113
6656190
303510
432
0
-90
22.0
NSI
SKLGRC114
6656205
303495
431
0
-90
23.0
1.0 3.0 2.0 1.61
14.0 16.0 2.0 0.80
SKLGRC115
6656205
303510
432
0
-90
23.0
NSI
SKLGRC116
6656220
303510
432
0
-90
23.0
4.0 5.0 1.0 0.79
12.0 16.0 4.0 1.11
SKLGRC117
6656205
303525
433
0
-90
21.0
5.0 13.0 8.0 1.31
SKLGRC118
6656265
303630
433
0
-90
18.0
4.0 5.0 1.0 3.42
8.0 9.0 1.0 4.00
12.0 15.0 3.0 1.10

Note: 50g Fire assay with AAS finish, 2m maximum internal waste unless otherwise specified, coordinates in MGA94 zone 51.

Appendix 2: EGS Significant Intercepts, Laterite Drilling Results Table 5.0 g/t top cut and 0.7 g/t Au lower cut

Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
17SKGC023 6655970 304015 421 0 -90 30.0 4.0 8.0 4.0 1.90
17SKGC024 6655980 304016 421 0 -90 30.0 3.0 7.0 4.0 2.40
17SKGC026 6655992 304016 421 0 -90 30.0 3.0 7.0 4.0 1.44
18SKEX002 6656030 304115 415 0 -90 15.5 NSI
18SKEX003 6656025 304105 415 0 -90 15.5 12.5 13.5 1.0 0.80
18SKEX006 6656000 304075 415 0 -90 13.6 NSI
18SKEX009 6655985 304065 415 0 -90 15.5 NSI
18SKEX011 6655980 304055 415 0 -90 14.5 4.5 6.5 2.0 1.17
18SKEX013 6655970 304045 415 0 -90 15.5 4.5 9.5 5.0 0.80
18SKEX014 6655970 304055 415 0 -90 15.5 4.5 6.5 2.0 0.91
18SKEX018 6655960 304035 415 0 -90 10.5 4.5 7.5 3.0 2.58
18SKEX019 6655960 304045 415 0 -90 15.5 0.5 1.5 1.0 2.20
5.5 6.5 1.0 1.40
8.5 9.5 1.0 0.76
10.5 11.5 1.0 0.94
18SKEX021 6655950 303975 415 0 -90 10.5 3.5 5.5 2.0 1.33
18SKEX022 6655950 303985 415 0 -90 10.5 3.5 7.5 4.0 0.98
18SKEX024 6655950 304025 415 0 -90 11.5 4.5 11.5 7.0 1.37
18SKEX025 6655950 304035 415 0 -90 11.5 6.5 11.5 5.0 0.89
18SKEX026 6655940 303965 415 0 -90 12.5 NSI
18SKEX027 6655940 303975 415 0 -90 12.5 NSI
18SKEX030 6655940 304005 415 0 -90 15.5 3.5 12.5 9.0 1.30
18SKEX031 6655940 304015 415 0 -90 12.5 4.5 8.5 4.0 0.87
18SKEX033 6655930 303955 415 0 -90 12.5 NSI
18SKEX036 6655930 303985 415 0 -90 15.5 5.5 8.5 3.0 1.11
18SKEX037 6655930 303995 415 0 -90 15.5 4.5 11.5 7.0 1.52
18SKEX041 6655910 303945 415 0 -90 12.5 6.5 8.5 2.0 1.26
18SKEX042 6655910 303955 415 0 -90 15.5 4.5 7.5 3.0 1.21
18SKEX043 6655910 303965 415 0 -90 15.5 4.5 7.5 3.0 1.61
18SKEX044 6655910 303975 415 0 -90 15.5 5.5 9.5 4.0 1.30
18SKEX045 6655910 303985 415 0 -90 15.5 6.5 8.5 2.0 2.77
18SKEX046 6655910 303995 415 0 -90 14.5 6.5 10.5 4.0 1.09
18SKEX047 6655910 304005 415 0 -90 13.5 NSI
18SKEX048 6655910 304015 415 0 -90 14.5 NSI
18SKEX051 6655890 303955 415 0 -90 12.5 NSI
18SKEX053 6655890 303975 415 0 -90 14.5 NSI
18SKEX054 6655890 303985 415 0 -90 15.5 NSI
18SKEX055 6655890 303995 415 0 -90 14.5 6.5 8.5 2.0 2.98
18SKEX057 6655870 303935 415 0 -90 15.5 NSI
18SKEX058 6655870 303945 415 0 -90 15.5 2.5 9.5 7.0 1.78
13.5 14.5 1.0 5.00
18SKEX059 6655870 303955 415 0 -90 15.5 NSI
18SKEX060 6655870 303965 415 0 -90 15.5 NSI
18SKEX066 6655850 303945 415 0 -90 15.5 NSI
18SKEX068 6655850 303965 415 0 -90 14.5 NSI
18SKEX069 6655850 303975 415 0 -90 15.5 NSI
18SKEX070 6655850 303985 415 0 -90 9.5 NSI
18SKEX071 6655850 303995 415 0 -90 14.5 NSI
18SKEX073 6655850 304015 415 0 -90 14.5 NSI
18SKEX074 6655850 304025 415 0 -90 15.5 NSI
18SKGC001 6655952 303994 416 0 -90 15.5 0.5 5.5 5.0 1.79
18SKGC002 6655961 303995 416 0 -90 15.5 NSI
18SKGC003 6655953 304005 416 0 -90 15.5 0.5 5.5 5.0 1.95
18SKGC004 6655962 304004 416 0 -90 9.5 0.5 4.5 4.0 2.48
18SKGC005 6655973 304004 416 0 -90 9.5 1.5 4.5 3.0 1.06
18SKGC006 6655982 304004 416 0 -90 9.5 1.5 7.5 6.0 1.53
18SKGC007 6655993 304004 417 0 -90 9.5 1.5 2.5 1.0 1.54
18SKGC008 6656002 304003 417 0 -90 9.5 2.5 3.5 1.0 1.04
18SKGC009 6656010 304004 417 0 -90 9.5 1.5 2.5 1.0 1.01
18SKGC010 6655992 303985 416 0 -90 9.5 NSI
18SKGC011 6655992 303994 416 0 -90 9.5 1.5 2.5 1.0 1.03
18SKGC012 6656002 303994 417 0 -90 9.5 1.5 3.5 2.0 1.33
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
18SKGC013 6656012 304013 417 0 -90 9.5 0.5 2.5 2.0 1.28
18SKGC014 6656010 304015 410 0 -90 9.5 0.0 1.5 1.5 2.29
18SKGC015 6656000 304015 410 0 -90 9.5 0.0 2.5 2.5 1.86
18SKGC016 6655990 304015 410 0 -90 9.5 0.0 4.5 4.5 1.35
18SKGC017 6655980 304015 410 0 -90 9.5 0.5 7.5 7.0 1.23
18SKGC018 6655970 304015 410 0 -90 9.5 0.5 6.5 6.0 2.47
18SKGC019 6655960 304015 410 0 -90 9.5 0.5 6.5 6.0 1.85
18SKGC020 6655970 304025 410 0 -90 9.5 0.5 6.5 6.0 1.31
18SKGC021 6655980 304025 410 0 -90 9.5 0.5 5.5 5.0 1.64
18SKGC022 6655990 304025 410 0 -90 9.5 0.5 3.5 3.0 2.16
18SKGC023 6656000 304025 410 0 -90 9.5 0.5 4.5 4.0 1.66
18SKGC024 6656010 304025 410 0 -90 9.5 0.5 4.5 4.0 2.79
18SKGC025 6656020 304025 410 0 -90 9.5 0.5 3.5 3.0 1.52
18SKGC026 6656020 304035 410 0 -90 9.5 0.5 3.5 3.0 1.52
18SKGC027 6656010 304035 410 0 -90 9.5 0.5 4.5 4.0 2.29
18SKGC028 6656000 304035 410 0 -90 9.5 0.5 3.5 3.0 1.59
18SKGC029 6655990 304035 410 0 -90 9.5 0.5 4.5 4.0 1.10
18SKGC030 6655980 304035 410 0 -90 9.5 0.5 4.5 4.0 1.87
18SKGC031 6655990 304045 410 0 -90 9.5 0.5 4.5 4.0 0.98
18SKGC032 6656000 304045 410 0 -90 9.5 0.5 5.5 5.0 1.39
18SKGC033 6656010 304045 410 0 -90 9.5 0.5 5.5 5.0 1.46
18SKGC034 6656020 304045 410 0 -90 9.5 0.5 8.5 8.0 1.20
18SKGC035 6656026 304045 410 0 -90 9.5 0.5 4.5 4.0 1.45
18SKGC036 6656026 304055 410 0 -90 9.5 0.5 6.5 6.0 1.22
18SKGC037 6656020 304055 410 0 -90 9.5 0.5 7.5 7.0 1.05
18SKGC038 6656010 304055 410 0 -90 9.5 0.5 6.5 6.0 1.53
18SKGC039 6656000 304055 410 0 -90 9.5 0.5 2.5 2.0 1.92
6.5 7.5 1.0 1.49
18SKGC040 6655992 304055 410 0 -90 9.5 1.5 3.5 2.0 1.12
18SKGC041 6656002 304065 410 0 -90 9.5 1.5 2.5 1.0 1.21
7.5 9.5 2.0 1.00
18SKGC042 6656010 304065 410 0 -90 9.5 0.5 1.5 1.0 1.60
18SKGC043 6656020 304065 410 0 -90 9.5 0.5 3.5 3.0 1.43
18SKGC044 6656026 304065 410 0 -90 9.5 0.5 2.5 2.0 3.89
5.5 6.5 1.0 0.72
18SKGC045 6656026 304075 410 0 -90 9.5 0.5 2.5 2.0 1.34
6.5 7.5 1.0 0.71
18SKGC046 6656020 304075 410 0 -90 9.5 0.5 1.5 1.0 1.12
18SKGC047 6656010 304075 410 0 -90 9.5 2.5 3.5 1.0 0.90
18SKGC048 6656020 304085 410 0 -90 9.5 0.5 6.5 6.0 0.99
18SKGC049 6656030 304085 410 0 -90 9.5 0.5 2.5 2.0 1.40
18SKGC050 6656028 304095 410 0 -90 9.5 1.5 2.5 1.0 1.45
18SKGC051 6656035 304095 410 0 -90 9.5 0.5 4.5 4.0 1.26
18SKGC052 6656039 304105 410 0 -90 9.5 2.5 3.5 1.0 0.85
18SKGC053 6656045 304115 410 0 -90 9.5 2.5 3.5 1.0 0.81
18SKGC054 6656055 304115 410 0 -90 9.5 0.5 1.5 1.0 1.47
18SKGC055 6655921 303937 410 0 -90 10.5 NSI
18SKGC056 6655930 303936 410 0 -90 10.5 NSI
18SKGC057 6655940 303934 410 0 -90 6.5 NSI
18SKGC058 6655951 303935 410 0 -90 6.5 NSI
18SKGC059 6655960 303936 410 0 -90 12.5 NSI
18SKGC060 6655972 303995 416 0 -90 10.5 1.5 3.5 2.0 1.03
18SKGC061 6655980 303993 417 0 -90 10.5 2.5 4.5 2.0 1.27
18SKGC062 6655981 303984 417 0 -90 10.5 2.5 4.5 2.0 1.56
18SKGC063 6655970 303983 416 0 -90 10.5 3.5 4.5 1.0 0.71
18SKGC064 6655961 303985 416 0 -90 9.5 3.5 4.5 1.0 0.87
18SKGC065 6655970 303973 417 0 -90 10.5 4.5 5.5 1.0 1.41
18SKGC066 6655982 303975 417 0 -90 10.5 NSI
18SKGC067 6655988 303977 417 0 -90 10.5 3.5 4.5 1.0 0.72
18SKGC068 6655940 303930 418 0 -90 5.5 NSI
18SKGC069 6655981 303967 417 0 -90 10.5 NSI
18SKGC070 6655975 303964 417 0 -90 10.5 NSI
18SKGC071 6655770 303860 417 0 -90 12.0 0.0 1.0 1.0 1.40
18SKGC072 6655780 303860 417 0 -90 12.0 0.0 1.0 1.0 1.03
18SKGC073 6655790 303860 417 0 -90 12.0 NSI
18SKGC074 6655800 303860 417 0 -90 12.0 0.0 1.0 1.0 1.38
18SKGC075 6655810 303860 417 0 -90 12.0 NSI
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
18SKGC076 6655820 303860 417 0 -90 12.0 NSI
18SKGC077 6655830 303860 417 0 -90 12.0 NSI
18SKGC078 6655840 303860 417 0 -90 12.0 NSI
18SKGC079 6655850 303860 417 0 -90 12.0 NSI
18SKGC080 6655860 303860 418 0 -90 12.0 NSI
18SKGC085 6655860 303925 418 0 -90 15.0 NSI
18SKGC086 6655870 303925 418 0 -90 15.0 NSI
18SKGC087 6655880 303925 419 0 -90 15.0 NSI
18SKGC088 6655890 303925 419 0 -90 15.0 5.0 8.0 3.0 1.87
18SKGC089 6655850 303935 418 0 -90 15.0 6.0 7.0 1.0 4.86
18SKGC090 6655860 303935 418 0 -90 15.0 NSI
18SKGC091 6655880 303935 418 0 -90 15.0 NSI
18SKGC092 6655890 303935 418 0 -90 15.0 NSI
18SKGC093 6655900 303935 419 0 -90 15.0 5.0 7.0 2.0 1.32
18SKGC094 6655907 303935 418 0 -60 15.0 7.0 8.0 1.0 1.33
10.0 11.0 1.0 0.89
18SKGC095 6655860 303945 418 0 -90 15.0 NSI
18SKGC096 6655870 303945 419 0 -90 15.0 NSI
18SKGC097 6655880 303945 418 0 -90 18.0 NSI
18SKGC098 6655890 303945 418 0 -90 15.0 NSI
18SKGC099 6655900 303945 419 0 -90 15.0 5.0 7.0 2.0 1.58
18SKGC100 6655850 303955 418 0 -90 15.0 NSI
18SKGC101 6655860 303955 418 0 -90 15.0 NSI
18SKGC102 6655880 303955 418 0 -90 15.0 NSI
18SKGC103 6655900 303955 419 0 -90 15.0 4.0 7.0 3.0 1.46
18SKGC104 6655920 303955 419 0 -90 15.0 6.0 7.0 1.0 0.88
18SKGC106 6655890 303965 419 0 -90 15.0 NSI
18SKGC107 6655900 303965 419 0 -90 15.0 8.0 9.0 1.0 5.00
18SKGC108 6655918 303965 419 0 -90 15.0 2.0 5.0 3.0 1.23
18SKGC109 6655922 303965 419 0 -60 15.0 NSI
18SKGC111 6655875 303975 419 0 -90 15.0 NSI
18SKGC112 6655900 303975 419 0 -90 15.0 NSI
18SKGC113 6655920 303975 419 0 -90 15.0 3.0 6.0 3.0 0.96
18SKGC114 6655930 303975 419 0 -60 15.0 7.0 9.0 2.0 0.80
18SKGC115 6655870 303990 419 0 -90 15.0 NSI
18SKGC116 6655880 303985 419 0 -90 12.0 NSI
18SKGC117 6655900 303985 419 0 -90 15.0 7.0 8.0 1.0 0.78
9.0 10.0 1.0 0.88
18SKGC118 6655920 303985 419 0 -90 15.0 4.0 7.0 3.0 2.33
18SKGC119 6655934 303985 419 0 -60 19.0 5.0 9.0 4.0 1.17
18SKGC121 6655880 303995 419 0 -90 12.0 NSI
18SKGC122 6655900 303995 419 0 -90 15.0 NSI
18SKGC123 6655920 303995 419 0 -90 19.0 6.0 7.0 1.0 1.00
18SKGC124 6655937 303995 419 0 -60 18.0 4.0 12.0 8.0 0.85
18SKGC126 6655880 304005 420 0 -90 12.0 NSI
18SKGC127 6655890 304005 420 0 -90 12.0 NSI
18SKGC128 6655900 304005 419 0 -90 10.0 NSI
18SKGC129 6655920 304005 419 0 -90 15.0 4.0 7.0 3.0 1.37
18SKGC130 6655930 304005 419 0 -90 20.0 3.0 7.0 4.0 1.25
18SKGC131 6655940 304005 419 0 -60 18.0 4.0 10.0 6.0 1.70
18SKGC133 6655880 304015 420 0 -90 12.0 NSI
18SKGC135 6655920 304015 420 0 -90 12.0 NSI
18SKGC136 6655920 304015 419 0 -90 15.0 NSI
18SKGC137 6655930 304015 419 0 -90 15.0 5.0 6.0 1.0 1.31
18SKGC138 6655944 304015 419 0 -90 15.0 4.0 15.0 11.0 1.90
18SKGC139 6655900 304025 420 0 -90 12.0 NSI
18SKGC140 6655910 304025 419 0 -90 10.0 NSI
18SKGC141 6655920 304025 420 0 -90 10.0 6.0 7.0 1.0 1.05
18SKGC142 6655930 304025 420 0 -90 15.0 4.0 6.0 2.0 1.58
13.0 14.0 1.0 0.85
18SKGC143 6655940 304025 420 0 -90 15.0 4.0 9.0 5.0 1.00
18SKGC144 6655953 304025 420 0 -60 15.0 NSI
18SKGC145 6655932 304035 420 0 -90 15.0 5.0 6.0 1.0 0.74
18SKGC146 6655934 304035 420 0 -90 15.0 4.0 5.0 1.0 1.37
9.0 13.0 4.0 1.32
18SKGC147 6655963 304035 420 330 -60 15.0 NSI
18SKGC148 6655940 304045 420 0 -90 15.0 NSI
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
18SKGC149 6655950 304045 420 0 -90 15.0 12.0 15.0 3.0 3.79
18SKGC150 6655972 304045 420 0 -60 15.0 NSI
18SKGC151 6655950 304055 421 0 -90 15.0 13.0 15.0 2.0 4.03
18SKGC152 6655960 304055 421 0 -90 15.0 NSI
18SKGC153 6655975 304065 421 0 -90 16.0 0.0 1.0 1.0 0.81
18SKGC154 6655988 304075 422 0 -90 36.0 NSI
18SKGC155 6655997 304085 422 0 -90 16.0 NSI
18SKGC156 6656003 304085 422 0 -60 15.0 NSI
18SKGC157 6656008 304095 422 0 -90 16.0 NSI
18SKGC158 6656014 304095 422 0 -60 15.0 6.0 7.0 1.0 5.00

Note: 50g Fire assay with AAS finish, 2m maximum internal waste unless otherwise specified, coordinates in MGA94 zone 51.

Appendix 3: Historic Significant Intercepts, Low Grade Stockpile Results Table 5.0 g/t top cut and 0.6 g/t Au lower cut

Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
Company
SC890 6656107 303587 424 0 -90 22.0 NSI WMC
SC891 6656157 303536 430 0 -90 28.0 2.0 3.0 1.0 0.71 WMC
6.0 8.0 2.0 0.72
11.0 13.0 2.0 0.90
SC892 6656007 303538 430 0 -90 20.0 NSI WMC
SC893 6656057 303486 429 0 -90 20.0 NSI WMC
SC894 6656107 303437 427 0 -90 20.0 1.0 2.0 1.0 0.97 WMC
SC895 6656207 303537 436 0 -90 26.0 3.0 5.0 2.0 1.18 WMC
9.0 21.0 12.0 0.73
SC896 6656218 303566 437 0 -90 26.0 1.0 2.0 1.0 1.67 WMC
6.0 7.0 1.0 1.51
10.0 11.0 1.0 0.72
12.0 13.0 1.0 0.64
15.0 16.0 1.0 0.83
20.0 25.0 5.0 1.30
SC897 6656243 303587 439 0 -90 28.0 3.0 13.0 10.0 1.54 WMC
19.0 21.0 2.0 0.79
24.0 25.0 1.0 0.66
SC898 6656227 303612 441 0 -90 29.0 2.0 6.0 4.0 0.64 WMC
9.0 10.0 1.0 0.65
12.0 13.0 1.0 1.18
23.0 27.0 4.0 0.91
SC899 6656242 303635 443 0 -90 31.0 6.0 10.0 4.0 0.97 WMC
26.0 27.0 1.0 0.60
SC900 6656227 303656 445 0 -90 33.0 0.0 2.0 2.0 1.09 WMC
9.0 10.0 1.0 0.87
23.0 24.0 1.0 0.64
SC901 6656207 303637 444 0 -90 32.0 5.0 7.0 2.0 0.84 WMC
11.0 12.0 1.0 5.00
21.0 24.0 3.0 1.26
30.0 31.0 1.0 1.07
SC902 6656197 303587 442 0 -90 27.0 6.0 8.0 2.0 1.15 WMC
15.0 16.0 1.0 1.29
SC903 6656174 303611 443 0 -90 26.0 23.0 25.0 2.0 0.73 WMC
SC904 6656157 303636 440 0 -90 25.0 8.0 12.0 4.0 1.52 WMC
18.0 19.0 1.0 0.93
SC905 6656247 303686 435 0 -90 23.0 19.0 21.0 2.0 0.62 WMC
SC906 6656208 303687 436 0 -90 22.0 0.0 10.0 10.0 1.26 WMC
SC907 6656180 303674 436 0 -90 23.0 0.0 1.0 1.0 1.17 WMC
5.0 6.0 1.0 0.89
11.0 16.0 5.0 1.03
SC908 6656157 303686 436 0 -90 22.0 6.0 13.0 7.0 1.25 WMC
17.0 18.0 1.0 1.09
SC909 6656127 303662 436 0 -90 22.0 0.0 1.0 1.0 0.96 WMC
8.0 9.0 1.0 0.78
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
Company
17.0 21.0 4.0 1.29
SC910 6656130 303638 436 0 -90 23.0 8.0 10.0 2.0 3.33 WMC
15.0 19.0 4.0 0.75
SC911 6656171 303592 443 0 -90 30.0 2.0 3.0 1.0 2.93 WMC
12.0 14.0 2.0 1.24
24.0 25.0 1.0 0.60
SC912 6656137 303577 432 0 -90 21.0 8.0 15.0 7.0 1.03 WMC
SC913 6656098 303636 425 0 -90 21.0 0.0 2.0 2.0 0.65 WMC
6.0 8.0 2.0 1.52
SC914 6656247 303736 427 0 -90 12.0 0.0 1.0 1.0 2.10 WMC
SC915 6656229 303718 426 0 -90 12.0 2.0 3.0 1.0 2.70 WMC
SC916 6656227 303752 426 0 -90 12.0 1.0 2.0 1.0 1.73 WMC
SC917 6656207 303737 426 0 -90 12.0 4.0 5.0 1.0 0.79 WMC
SC918 6656182 303762 426 0 -90 11.0 4.0 6.0 2.0 1.34 WMC
SC919 6656183 303721 426 0 -90 12.0 1.0 2.0 1.0 0.79 WMC
SC920 6656158 303737 425 0 -90 11.0 3.0 4.0 1.0 1.41 WMC
7.0 9.0 2.0 0.81
SC921 6656132 303707 425 0 -90 10.0 5.0 9.0 4.0 0.89 WMC

Note: aqua regia leach, with AAS finish, 2m maximum internal waste unless otherwise specified, coordinates in MGA94 zone 51.

JORC CODE, 2012 EDITION – TABLE 1 EXPLORATION RESULTS

Section 1 Sampling Techniques and Data

Information for historical (pre Eastern Goldfields Limited - from 1996 and 2001) drilling and sampling has been extensively viewed and validated where possible. Information pertaining to historical QAQC procedures and data is incomplete but of a sufficient quality and detail to allow drilling and assay data to be used for resource estimations. Further, Eastern Goldfields Limited has undertaken extensive infill and confirmation drilling which confirm historical drill results. Sections 1 and 2 describe the work undertaken by Eastern Goldfields Limited and only refer to historical information where appropriate and/or available.

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Sampling Nature and quality of sampling (eg cut channels, Goldfields Group; Auger holes were drilled to a maximum depth of 1.5m. RC samples were routinely collected at 1m intervals. Diamond drill
techniques random chips, or specific specialised industry core samples were taken at geological boundaries and sawn in half. Samples pulverised at laboratory.
standard measurement tools appropriate to the Monarch Gold Mining Company Ltd; RAB samples were collected at 2m and 4m composites via a scoop method at 1m intervals. RC samples
minerals under investigation, such as down hole were collected at 1m, 2m to 5m intervals. 1m samples were riffle split.
gamma sondes, or handheld XRF instruments, etc). WMC; in early drilling by WMC, samples were “panned’ for visible gold. Percussion samples were collected at 1m intervals, split in the field.
These examples should not be taken as limiting the Diamond core samples were cut in half or quartered.
broad meaning of sampling. Gilt Edged Mining NL; All RAB and RC holes were collected through a cyclone and sampled at 1m intervals, pipe or spear sampled,
Include reference to measures taken to ensure sample composited over 5m intervals. The composite samples weighing about 3kg were despatched for analysis. 5m composites with assays greater
representivity and the appropriate calibration of any than 0.2 g/t Au were resampled by riffle-splitting the whole of each 1m sample down to about 3kg prior to being despatched for analysis.
measurement tools or systems used. Siberia Mining Corporation Ltd; RAB samples were collected at 1m intervals from the drill hole collar using a plastic bucket and laid on the
Aspects of the determination of mineralisation that ground. A scoop sample was taken from each sample to form a 5m composite. RC samples were collected at 1m intervals, and passed
are Material to the Public Report. through a cyclone and split using a two tiered, 75:25 riffle splitter. The split sample (approximately 2-3kg) was stored in a drawn calico bag,
In cases where ‘industry standard’ work has been which was then placed next to the split sample reject (approximately 10-15kg), which was contained in UV resistant PVC bags. A
done this would be relatively simple (eg ‘reverse representative scoop sample was then taken from each split sample reject bags to form a 4m composite sample. Diamond half core sampled
circulation drilling was used to obtain 1 m samples at 1m intervals.
from which 3 kg was pulverised to produce a 30 g Maitland Mining NL: RC samples were collected at 2m intervals and split into about 2kgs on-site. Aqua regia assays were completed by
charge for fire assay’). In other cases more Comlabs, Kalgoorlie.
explanation may be required, such as where there is Newcrest Mining Ltd; RAB samples were collected at 4m intervals and RC samples were collected in 2m intervals and speared to produce 6m
coarse gold that has inherent sampling problems. composites.
Unusual commodities or mineralisation types (eg Julia Mines NL; RC samples were collected at 1m intervals in a large plastic bag from a cyclone, split numerous times until a 2kg portion was
submarine nodules) may warrant disclosure of obtained. Samples were bagged and taken to RDL and later KAL assay in Kalgoorlie for assay. NQ diamond drill core was split at Kalgoorlie.
detailed information. Placer Dome Asia Pacific Ltd; Auger samples were taken a maximum depth of 1.5m. RAB 4m composite spear samples were collected. RC
samples were collected at 1m and passed through a riffle splitter. Samples pulverised at laboratory. 50g charge taken for fire assay or aqua
regia assay.
Goongarrie Gold Pty Ltd; RC samples were collected at 1m intervals, sample and assay method unknown.
Australian Consolidated Equities Ltd; RAB samples were collected at 2m intervals, sample and assay method unknown.
Centaur Mining and Exploration Ltd; RAB samples were collected at 4m intervals, RC sampled at 1m intervals. Samples weighed between 1kg
and 2kg. Sample oven dried, pulverised, to nominal -75 microns, 400-500g split. 40g charge taken for aqua regia assay, selected repeats by
fire assay. RC samples were collected from 1m to 2m intervals.
Eastern Goldfields Ltd (EGS); RC samples were routinely collected at 1m intervals and cone split. Half sawn core samples crushed, pulverised
and 40g or 50g sample taken for fire assay at Analabs, Kalgoorlie. More recently (this announcement) samples were riffle split from the
cyclone, and submitted to SGS Kalgoorlie for fire assay utilising a 50gm charge.
Britannia Gold NL; Samples from RAB holes which were drilled to blade refusal or base of transported cover whichever was encountered first.
RC samples from each metre were laid out in piles in rows of ten. Samples were taken to form 2m composites with a PVC sample spike.
Within the shear zone, 1m samples were taken using a sample splitter.
GlengarryResources NL;Aircore samples were collected at 1m intervals were collected at 1m,2m,3m and 4m intervals.
Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Sundowner Minerals NL; Percussion samples were collected over 1m intervals and split down by riffle splitter to approximately 1kg on site.
They were then composited into 2m intervals.
Gutnick Resources NL; RC samples were collected at 2m intervals.
Drilling Drill type (eg core, reverse circulation, open-hole Goldfields Group; Auger holes were using an auger rig on the back of a Toyota Landcruiser from Snap Drilling. RC holes were drilled by
techniques hammer, rotary air blast, auger, Bangka, sonic, etc) Western Diamond Drillers using a Schramm Rig. Diamond holes were drilled by Mundy Drilling services using a KL1200 rig. Diamond holes
and details (eg core diameter, triple or standard tube, were oriented.
depth of diamond tails, face-sampling bit or other Monarch Gold Mining Company Ltd; RC holes were drilled by Kennedy Drilling using a 4 inch blade.
type, whether core is oriented and if so, by what WMC; RC percussion holes were drilled using a Schram Rig. RC holes were drilled using blades and hammer. The RC drilling diameter is
method, etc). unknown. Diamond drill holes for NQ core were drilled and reduced to BQ core at depth if necessary. Some diamond holes commenced with
a percussion pre-collar. Diamond core generally not oriented.
Gilt Edged Mining NL; RC holes were drilled by either Sing Drilling or McKay Drilling. Both Kalgoorlie companies used a booster and auxiliary
compressor. The RC drilling diameter is unknown.
Siberia Mining Corporation Ltd; RAB holes were drilled by ProDrill Pty Ltd of Kalgoorlie using an open hole RAB drill rig. All holes were drilled
dry. RC holes were drilled by Premium Drilling Pty Ltd of Kalgoorlie using a 350/750 Schram RC drill rig and a 5.25” face sampling hammer. An
auxiliary booster was used on holes deeper than 75m.
Maitland Mining NL: RC were drilled using Schram T64 Drill rig. Diameter unknown
Newcrest Mining Ltd; RC hole were drilled by Westralian Diamond Drillers of Kalgoorlie using a Schram 450 drill rig. Diameter unknown.
Julia Mines NL; RC holes were drilled by Davies Drilling using a Schramn 64 with percussion hammer and button bits. Diamond holes for NQ
core (with 47.6mm diameter) were drilled by Glindemann and Kitching. There is no information about core being oriented.
Placer Dome Asia Pacific Ltd; Auger holes were drilled by SNAP Geochemistry. RAB holes were drilled by Challenge Drilling. RC holes were
drilled by Drill Torque.
Goongarrie Gold Pty Ltd; RC drilling, details unknown
Australian Consolidated Equities Ltd; RAB drilling, details unknown
Centaur Mining and Exploration Ltd; RC and RAB drilling, details unknown
EGS; RC drilling using 5.25 inch and 4.5 inch diameter bits. PQ, HQ and NQ diamond core. PQ/HQ normally drilled from surface until fresh
rock encountered, then changed to NQ
Britannia Gold NL; RAB holes were drilled using a Toyota-mounted Wallis Mantis 30 Rotary air blast rig. Drilling to blade refusal or base of
transported cover whichever was encountered first. RC holes were drilled using a Universal Drilling Rig (UDR 650) with an Atlas Copco
compressor with a capacity of 350psi delivering 950 cfm. Drill diameter unknown
Glengarry Resources NL; Aircore holes were drilled by Westralian Diamond Driller using a Mantic 75 air core rig mounted on a Toyota
Landcruiser trayback vehicle. Drill diameter unknown
Sundowner Minerals NL; Percussion holes were drilled by Gerick Drilling Kalgoorlie using a Warman Investigator with a 4 1/2 inch percussion
hammer bit.
Gutnick Resources NL; RC drilling was completed by Anaconda. Drill diameter unknown
Drill sample Method of recording and assessing core and chip Quantitative auger, RAB and RC drill recoveries were not recoded by Goldfields Group, Monarch Gold Mining Company Ltd, WMC, Gilt Edged
recovery sample recoveries and results assessed. Mining NL, Siberia Mining Corporation, Maitland Mining NL, Newcrest Mining Ltd, Julia Mines NL, Placer Dome Asia Pacific Ltd, Goongarrie
Measures taken to maximise sample recovery and Gold Pty Ltd, Australian Consolidated Equities Ltd, Centaur Mining and Exploration Ltd, EGS, Britannia Gold NL, Glengarry Resources NL,
ensure representative nature of the samples. Sundowner Minerals NL and Gutnick Resources NL.
Whether a relationship exists between sample EGS - Diamond drill recoveries are recorded as a percentage calculated from measured core against downhole drilled intervals (core blocks).
recovery and grade and whether sample bias may RC sample recoveries generally not recorded.
have occurred due to preferential loss/gain of Diamond Core recoveries are very high due to the competent ground. Any core recovery issues are noted on core blocks and logged.
fine/coarse material. There is no known relationship between sample recovery and grade.
Logging Whether core and chip samples have been Goldfields Group; Qualitative: colour, oxidation, hardness, shearing, texture, grain size, rock, alteration, minerals and Quantitative: alteration
geologically and geotechnically logged to a level of intensity, mineralisation intensity, structure intensity, vein percent.
detail to support appropriate Mineral Resource Monarch Gold Mining Company Ltd; Qualitative: colour, oxidation, hardness, shearing, texture, grain size, rock, alteration, minerals.
estimation, mining studies and metallurgical studies. Quantitative: alteration intensity,mineralisation intensity,structure intensity,veinpercent.
Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Whether logging is qualitative or quantitative in WMC; RC and diamond logging describes the dominant and minor rock types, mineralisation, oxidation, alteration, texture, vein type and
nature. Core (or costean, channel, etc) photography. basic structure. Quantitative values assigned to amounts of sulphides, alteration and veining.
The total length and percentage of the relevant Gilt Edged Mining NL; Qualitative: rock code, alteration, sulphides, weathering.
intersections logged. Siberia Mining Corporation Ltd; Qualitative: alteration, colour, lithology, oxidation, mineralogy, vein style, vein assemblage, remarks.
Quantitative: mineralisation intensity.
Maitland Mining NL: 5 samples were petrographically described by Mintek Services. Qualitative: sample colour, sample description and
mineralisation. Quantitative; percentage of quartz.
Newcrest Mining Ltd; Qualitative: rock type, colour, texture, typifying minerals and comments. Quantitative; grain size.
Julia Mines NL; Qualitative: rock type and alteration. Quantitative; percentage of pyrite.
Placer Dome Asia Pacific Ltd; Same as Goldfields Group.
Goongarrie Gold Pty Ltd; Qualitative: description.
Australian Consolidated Equities Ltd; Qualitative: rock type and description. Quantitative: sulphides
Centaur Mining and Exploration Ltd; Qualitative: Lithology.
EGS; Qualitative: alteration, colour, grain size, lithology, oxidation, mineralogy, structure, texture, vein style, vein assemblage, remarks.
Quantitative: mineralisation intensity, vein percent.
Britannia Gold NL; For RC samples: Qualitative: geological description, lithology. Quantitative: percent quartz, percent pyrite, percent
pyrrhotite, percent veins.
Glengarry Resources NL; Qualitative: description.
Sundowner Minerals NL; Qualitative: description. Logging 1m intervals using Nikon microscope or handlens.
Gutnick Resources NL; Qualitative: colour, comment and descriptions.
For all Company’s, entire holes were geologically logged.
All holes were geologically logged entirely to a level of detail to support mineral resource estimation.
It is unknown whether core was routinely photographed by earlier operators.
Sub-
sampling
techniques
and sample
preparation





If core, whether cut or sawn and whether quarter,
half or all core taken.
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 sample preparation technique.
Quality control procedures adopted for all sub-
sampling stages to 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.




Goldfields Group; RC samples were routinely collected at 1m intervals and riffle split. Diamond drill core samples were taken at geological
boundaries and sawn in half. RC and diamond samples were dried, crushed, split, pulverised and a 50 gm charge taken. All sampling of
resource drilling incorporated a system of standards and blanks to keep strict control on assay reliability.
Monarch Gold Mining Company Ltd; RAB samples were collected at 1m intervals and 2m and 4m composites taken via a scoop method. RC
samples were collected at 1m, 2m and 5m intervals. 1m samples were riffle split. Samples were prepared with a single stage mix and grind
from which an assay charge was taken Composite samples with assays greater than 0.2 g/t Au were split at 1m intervals and re-analysed.
Field duplicate samples were taken and analysed every 20 samples. Blanks and standards were routinely submitted with assay batches to
evaluate sample preparation and assay accuracy.
WMC; In early drilling by WMC, samples were “panned’ for visible gold. Percussion samples were collected at 1m intervals, split in the field.
Diamond core samples were cut in half or quartered. Samples were dried in fan forced ovens at 80oC for paper packets and 140oC for
samples in calico bags, sieved using a nylon mesh .Oversize samples crushed in Jacques jaw crusher to produce -6mm sample, split employing
either a rotary or riffle splitter and pulverised using Tema Swing mills prior to analysis, except for soil and stream sediment samples finer than
80 mesh. A 25grm charge was taken for assaying.
Gilt Edged Mining NL; All RAB and RC holes were collected through a cyclone and sampled at 1m intervals, pipe or spear sampled,
composited over 5m intervals. The composite samples weighing about 3kg were despatched for analysis. 5m composites with assays greater
than 0.2 g/t Au were resampled by riffle-splitting the whole of each 1m sample down to about 3kg prior to being despatched for analysis.
Samples were despatched to MinLab in Kalgoorlie where they were dried, pulverised to a nominal 90% minus 200 mesh (75 microns) and a
25 gm aliquot taken to be analysed for gold. Comprehensive QA/QC and check sampling reports were produced. Umpire assay checks were
completed using a second laboratory (genalysis).
Siberia Mining Corporation Ltd; RAB samples were collected at 1m intervals from the drill hole using a plastic bucket and laid on the ground.
A scoop sample was taken from each sample to form a 5m composite. RC samples were collected at 1m intervals, and passed through a
cyclone and split using a two teared, 75:25 riffle splitter. The split sample (approximately 2-3kg) was stored in a drawn calico bag, which was
then placed next to the split sample reject (approximately 10-15kg), which was contained in UV resistant PVC bags. A representative scoop
sample was then taken from each split sample reject bags to form a 4m composite sample. Diamond half core was sampled at 1m intervals.
Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Samples were dried, crushed, split, pulverised until 80% passed minus 75 microns and a 50 gm charge taken. Field duplicates were
submitted. Composites with assays greater than 0.2 g/t Au were re-assayed using individual 1m re-split samples.
Maitland Mining NL: RC samples were collected at 2m intervals and split into about 2kgs on-site.
Newcrest Mining Ltd; RAB samples were collected at 4m intervals and RC samples were collected in 2m intervals and speared to produce 6m
composites. RC samples returning assays greater than 0.2 g/t Au were resampled at 2m intervals and assayed.
Julia Mines NL; RC samples were collected at 1m intervals in a large plastic bag from a cyclone, split numerous times until a 2kg portion was
obtained. NQ diamond drill core was split at Kalgoorlie. Samples were loaded into a hammer mill, crushed to 1.5mm, passed through a
rotary splitter to extract 200gms which was pulverised by a ring grinder to 200 mesh. A 50gm charge was extracted for assaying.
Placer Dome Asia Pacific Ltd; Auger samples were taken a maximum depth of 1.5m. RAB 4m composites collected using a spear. RC samples
were collected at 1m and passed through a riffle splitter. Anomalous RAB composites were resplit into 1m intervals and re-analysed using
the same assay method.
Goongarrie Gold Pty Ltd; RC samples were collected at 1m intervals, details unknown
Australian Consolidated Equities Ltd; RAB samples method unknown.
Centaur Mining and Exploration Ltd; RAB samples were collected at 4m intervals. RC samples were collected from 1m to 2m intervals.
Samples weighted between 1kg and 2kg. Samples were oven dried, pulverised to nominal -75 microns and split to 400 to 500 gm and a 40
gm charge taken for assaying.
EGS; RC samples were routinely collected at 1m intervals from a cone or riffle splitter and submitted for analysis. Drill samples were crushed,
pulverised and usually a 50gm charge taken for analysis by fire assay. Field duplicates, blanks and standards were submitted for QAQC
analysis.
Britannia Gold NL; Samples from RAB holes which were drilled to blade refusal or base of transported cover whichever was encountered first.
RC samples from each metre were laid out in piles in rows of ten. Samples were taken to form 2m composites with a PVC sample spike.
Within the shear zone, 1m samples were taken using a sample splitter.
Glengarry Resources NL; Aircore samples were collected at 1m intervals and sampled at 1m, 4m composite samples sent for assay. Sample
methods unknown.
Sundowner Minerals NL; ; Percussion samples were collected over 1m intervals and split down by riffle splitter to approximately 1kg on site.
They were then composited into 2m intervals, method unknown.
Gutnick Resources NL; RC samples were collected at 2m intervals, method unknown.
Unless specified above, samples were dried, crushed, split, pulverised and a charge taken for assaying.
Repeat assays were undertaken on pulp samples at the discretion of the laboratory.
Quality of The nature, quality and appropriateness of the Goldfields Group; Auger samples were set to Analabs (Welshpool) to be assayed for gold to 1ppb by graphite furnace P605 and arsenic to
assay data assaying and laboratory procedures used and 1ppm by aqua regia hydride H605. RC samples were submitted to Australian Laboratory Services (ALS) in Kalgoorlie for gold and arsenic
and whether the technique is considered partial or total. analysis. Fire assay methods were used for gold analysis with 50gm charge, detection limit of 0.01ppm Au, while Aqua Regia methods, with
laboratory
tests
For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in determining
detection limits of 5ppm As, were used for arsenic analysis. Diamond drill core samples were despatched to Genalysis in Kalgoorlie and
analysed for gold using 50gm fire assay to 0.01ppm. A system of standards and blanks were incorporated in all sample despatches to keep a
the analysis including instrument make and model, strict control on assay reliability. QA/QC re-assaying of mineralised RC intersections and interpreted structures was undertaken later in the
reading times, calibrations factors applied and their reporting period.
derivation, etc.
Nature of quality control procedures adopted (eg Monarch Gold Mining Company Ltd; Samples submitted to ALS for 50g Fire Assay with AAS finish. Samples were also analysed at Ultratrace
standards, blanks, duplicates, external laboratory for gold, palladium and platinum.Submitted field duplicates, blanks and standards for QAQC analysis.
checks) and whether acceptable levels of accuracy (ie WMC; All samples were sent to WMC Exploration Division Kalgoorlie Laboratory to be analysed for gold using wet method, aqua regia leach,
lack of bias) and precision have been established. reading by A.A.S; a 25gm sample was digested with aqua regia, the gold extracted using aliquot DIBK and the solvent backwashed. The gold
concentration was determined by Atomic Absorption.
Gilt Edged Mining NL; All samples were submitted to Minlab of Kalgoorlie to be assayed for gold; 5m composites were analysed by aqua
regia/AAS with a detection limit of 0.01ppm and 1m samples assayed by Fire/AAS with a detection limit of 0.01ppm. Certified reference
material standards was employed. Duplicate samples, analytical standards, and check analyses at a second laboratory were used to monitor
analytical quality.
Siberia MiningCorporation Ltd;All samples were submitted to SGS Analabs in Kalgoorlie to be assayed forgold using50grm Fire Assaywith
Criteria JORC Code explanation JORC Code explanation Commentary Commentary
detection limit at 0.01ppm Au and for sulphur. Samples were also analysed at Ultratrace. Standards and repeats (1 in 20) were used during
the first phase drilling campaign to provide a reference to the internal lab standards. There was a strong correlation between standard
(client) and laboratory results. Repeats of composite samples showed no problems with technique or dependability with the laboratory.
Maitland Mining NL: Samples were sent to Comlabs in Kalgoorlie to be assayed for analysed for gold, lead, tungsten and silver.
Newcrest Mining Ltd; RAB samples were sent to Australian Laboratory Services Perth and analysed for low level analysis by dissolution in
aqua regia followed by fire assay. RC samples were despatched to Australian Assay Laboratories in Boulder to be assayed for gold by fire.
Julia Mines NL; Samples were sent to SGS Kalgoorlie Laboratory to be assayed for gold using 50 gm Fire Assay. 95% of all assays results
greater than 1 g/t Au were check from 1 to 4 times by taking a split from the original sample residue.
Placer Dome Asia Pacific Ltd; Auger samples were submitted to ALS to be assayed for gold and arsenic. Gold assays were performed using
aqua-regia digest and graphite furnace atomic absorption spectroscopy to 0.001ppm. Inductively coupled mass (emission) spectrometry was
used to analyse for arsenic to 1ppm. RAB samples were submitted to Analab to be analysed for gold assay using aqua-regia digestion and a
flame atomic absorption spectroscopy finish to a 1 ppb detection limit. RC samples were submitted to Analab to be assayed for gold by fire
and flame AAS finish to 0.01ppm. Arsenic was also analysed using triple acid digest and flame AAS to a 50ppm detection limit.
Goongarrie Gold Pty Ltd; Samples were assayed for gold, unknown method.
Australian Consolidated Equities Ltd; Samples were analysed for gold using a detection limit of 0.01 g/t Au. The assaying and laboratory
procedures are unknown. About 1 assay in 20 was repeated.
Centaur Mining and Exploration Ltd; RAB samples were sent to Minlabs to be analysed for gold via aqua regia digest with a detection limit of
0.01ppm. Samples were also assayed for nickel, cobalt, copper, magnesium and zinc. RC samples were despatched to Analabs in Kalgoorlie
to be assayed for gold using aqua regia digest with a detection limit of 0.01ppm. Samples were also analysed for aluminium, cobalt, iron,
magnesium and nickel. Selected repeat assays were by fire assay.
EGS; Samples were sent to Kalgoorlie Assay Laboratories to be analysed for gold by 40gm fire assay, or to Genalysis for fire assay utilising a
50gm charge. More recently (this announcement) samples were analysed by SGS Kalgoorlie via fire assay utilising a 50gm charge.
Certified reference material standards were employed for a gold range of 0.32 to 48.55ppm. Blanks were also employed. Satisfactory results
were obtained for both.
Britannia Gold NL; Samples were submitted to Ultratrace in Perth to be analysed for gold sing aqua regia digest and AAS finish to ppb level.
Samples were also assayed for copper, nickel, cobalt, chromium and manganese. RC samples were sent to Genalysis Laboratories in
Maddington to be analysed for gold by fire assay followed by Atomic Absorption Spectrophotometry (AAS) with a detection limit of 0.01ppm.
RC duplicates were taken on average 1 in 15 samples.
Glengarry Resources NL; Samples were sent to Genalysis Laboratory Services to be assayed for gold, ppb detection limit, unknown method.
Sundowner Minerals NL; Samples were submitted to SGD (Aust.) to be analysed for gold using AAS and arsenic using x-ray fluorescence.
Significant results were confirmed by fire assay. Final samples were prepared after the crusher was cleaned with quartz blanks between
every sample. Significant results were confirmed by fire assay and resampled over 1m intervals.
Gutnick Resources NL; Samples were sent to Leonora Laverton Assay Lab in Kalgoorlie to be analysed for copper, cobalt, aluminium, arsenic,
calcium, chromium, iron, magnesium, manganese, nickel and zinc using total acid digest (TAD) or OES (ICP).
Fire Assayis considered a total technique. Aqua regia apartial technique.
Verification
of sampling
and assaying

The verification of significant intersections by either
independent or alternative company personnel.
The use of twinned holes.

Selected drill intersections from WMC, Goldfields and Siberia Mining Corporation diamond core have been inspected by EGS geologists Some
WMC holes have been re-logged by EGS geologists and mineralisation identified at the reported intervals.
Drill intersections from WMC and Goldfields diamond core were inspected by Siberia Mining Corporation geologists in 2005 and
Documentation of primary data, data entry mineralization was visible in core at the expected intervals. Mineralisation widths and styles are very comparable with NQ2 drilling by SMC in
procedures, data verification, data storage (physical 2004
and electronic) protocols. Holes are not deliberately twinned.
Discuss any adjustment to assay data. WMC; Hand written geology logs and assays were digitally captured.
EGS; Data has been verified by reviewing original drill and assay logs. Print outs of computerized sample intervals and assays generated by
WMC were used to verify the intercepts reported. Geological and sample data logged directly into field computer at the core yard. Data is
transferred to Perth via email and imported into GBIS SQL database by the database administrator (DBA). Assay files are received in .csv
format and loaded directly into the database by the DBA. Hardcopy and/or digital copies of data are kept for reference if necessary.
Monarch Gold Mining Company Ltd; Geological and sample data was logged digitally and .csv or .xls files imported into Datashed SQL
database with in-built validation.
Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Data entry, verification and storage protocols for remaining operators is unknown.
No adjustments have been made to assaydata.
Location of Accuracy and quality of surveys used to locate drill Goldfields Group; Collar co-ordinates for RC and DD holes, including elevation were surveyed with DGPS. RAB holes were located with GPS.
data points holes (collar and down-hole surveys), trenches, mine Downhole surveys were taken every 10m for RC and DD holes, method unknown. RAB holes not downhole surveyed. The gird system used is
workings and other locations used in Mineral AGD 1984 AMG Zone 51.
Resource estimation. Monarch Gold Mining Company Ltd; Drill hole collars were surveyed by Spectrum Surveys of Kalgoorlie using RTK GPS. Downhole surveys
Specification of the grid system used. were undertaken by electronic multiple shot (ems) or Eastman single shot. The gird system used is GDA1994 MGA Zone 51.
Quality and adequacy of topographic control. WMC; Drill hole collars were surveyed by Electronic Distance Meter (EDM) theodolite by the Kalgoorlie Gold Operations’ mine surveyor.Holes
also surveyed using theodolite by McGay Surveys as well as by WMC mine surveyors. WMC RC holes were generally not downhole surveyed.
Diamond holes down hole surveyed by Eastman single shot camera or multishot approximately every 30m. The gird system used is AGD
1984 AMG Zone 51.
Gilt Edged Mining NL; Contract surveyors were engaged for siting of drill holes prior to drilling, pick-up of accurate drill hole co-ordinates
after drilling and down-hole plunge and azimuth readings. All holes drilled after 1998 were picked up by Fugro Survey Pty Ltd of Kalgoorlie
using differential GPS. The gird system used is AGD 1984 AMG Zone 51.
Siberia Mining Corporation Ltd; Collar co-ordinates for northings, eastings and elevation were recorded by Fugro Spatial Solutions Pty Ltd.
The gird system used is AGD 1984 AMG Zone 51. Diamond holes were down hole surveyed by gyro. RC holes generally not downhole
surveyed. If surveyed then done by digital electronic multishot (DEMS)
Maitland Mining NL: Collar co-ordinates recorded on local grids and converted to MGA94 zone 51. Survey collection methods are unknown.
Holes not downhole surveyed.
Newcrest Mining Ltd; Collar co-ordinates recorded on local grids and converted to MGA94 zone 51. Survey collection methods are unknown.
Holes not downhole surveyed.
Julia Mines NL; RC holes drilled on local grid and surveyed by unknown method. RC holes not downhole surveyed.
Placer Dome Asia Pacific Ltd; Collar co-ordinates for RC and DD holes, including elevation were surveyed with DGPS. RAB holes were located
with GPS. Downhole surveys were taken every 10m for RC and DD holes, method unknown. RAB holes not downhole surveyed. The gird
system used is AGD 1984 AMG Zone 51.
Goongarrie Gold Pty Ltd; RC holes drills and surveyed on local grid. No downhole surveys. Survey collection methods are unknown.
Australian Consolidated Equities Ltd; RC holes drills on local grid, unknown whether coordinates were surveyed. No downhole surveys.
Centaur Mining and Exploration Ltd; Collars drilled on AGD 1984 AMG Zone 51 grid. Unclear whether surveyed on not. No downhole surveys.
EGS; Collar locations were surveyed by DGPS and downhole surveys were collected using electronic multishot where appropriate. The gird
system used is GDA1994 MGA Zone 51.
Britannia Gold NL; RC holes drilled on local grid, unknown whether surveyed. RC holes not downhole surveyed.
Glengarry Resources NL; Holes drilled on AGD 1984 AMG Zone 51 grid. Unknown whether surveyed. No downhole surveys.
Sundowner Minerals NL; Holes drilled on AGD 1984 AMG Zone 51 grid and local grid. Unknown whether surveyed.
Gutnick Resources NL; RC collar co-ordinates surveyed on AMG grid, method unknown. No downhole surveys (Holes vertical).
Topography has been surveyed by recent operators in the vicinity of operating mines. Collar elevations are consistent with surrounding holes
and the natural surface elevation.
Data spacing
Data spacing for reporting of Exploration Results. Data spacing varies from wide spaced regional drilling to close spaced resource drilling depending on the development stage of the deposit
and Whether the data spacing and distribution is For deposits with resources and previously mined deposits the data spacing and distribution is sufficient to establish geological and grade
distribution sufficient to establish the degree of geological and continuity.
grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s)
and classifications applied.
Whether sample compositing has been applied. Samples are not composited for this report. Samples are composited for resource calculations.
Orientation Whether the orientation of sampling achieves Missouri; Drilling predominantly to the south, optimal for the east-west striking, north dipping mineralisation.
of data in unbiased sampling of possible structures and the Sandking; Drilling predominantly to the south, targeting EW to WSW striking, steep north dipping mineralisation.
relation to extent to which this is known, considering the deposit Sandking Laterites & Low Grade dump; Drilling predominantly vertical.
type. Palmerston & Berwick Moering;Drilling predominantlyto the SW targetingmineralisation trending090oat the south-westernportion of the
Criteria JORC Code explanation
Commentary
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.
deposit and changing strike to approximately 030othrough the central portion before curving to 070oat Berwick Moering.

Theil Well; dominantly inclined drilling to the W targeting E dipping structure.

Regional drilling in all orientations, depending on the geological understanding at the time.

It is not known whether there is anyintroduced sample bias due to drill orientation.
Sample
security

The measures taken to ensure sample security.

Unknown for earlier operators.

EGS – Samples are bagged, tied and in a secure yard. Once submitted to the laboratories they are stored in cages within a secure fenced
compound. Samples are tracked through the laboratoryvia their LIMS.
Audits or
reviews

The results of any audits or reviews of sampling
techniques and data.

Digital data from the SQL database has been reviewed by EGS and is consistent with hard copy and digital WAMEX data.

Goldfields Group and WMC; Siberia Mining Corporation conducted a due diligence on the data and core in 2005 and were “comfortable with
the quality and integrity of the data”. Digital data has been reviewed and is consistent with hard copy data.

Monarch Gold MiningCompanyLtd;Monthly QAQC reports wereproduced to monitor accuracyandprecision.

Section 2 Reporting of Exploration Results

Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria
JORC Code explanation
Commentary
Mineral
tenement and
land tenure
status

Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.

The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a licence to operate in the area.

Siberia deposit is on Tenement M24/290 and M24/352, held by Siberia Mining Corporation Pty. Ltd., a wholly owned subsidiary of Eastern
goldfields Limited. The tenement is ingood standing.
TENEMENT HOLDER AGREEMENTS
M24/0290,
M24/0352,
SIBERIA MINING
CORPORATION
PTY LTD
M24/290 - SIBERIA GRANTED GARDNER THE RIGHT TO EXPLORE FOR NICKEL MINERALS ON M24/290. ROB MITCHELL AND HANK SHRERS
(SURFACE ALLUVIAL RIGHTS TO 2M DEPTH)
M24/0352 - ROB MITCHELL AND HANK SHRERS(SURFACE ALLUVIAL RIGHTS TO 2M DEPTH)

There are no

There are no
heritage issues
known impediments to operating in the area.
Exploration
done by other
parties

Acknowledgment and appraisal of exploration
by other parties.

Drilling on the tenements was completed by numerous operators, but the majority of work was completed by WMC, Gilt Edged Mining,
Siberia Mining Corporation & Monarch Gold. All work by these companies was to industry standards of the time
Geology

Deposit type, geological setting and style of
mineralisation.

Wyche & Witt (1994) described the rock units of the Siberia area in the Davyhurst 1:100,000 Sheet, and assigned the mafic rocks of the
Siberia area to the Wongi and Missouri Basalt Units of the Pole Group, and the ultramafics to their east, to the Walter Williams
Formation. In its most simplistic sense the geology of the mafic rocks is a sequence of high-Mg to tholeiitic basalts and flow dolerites
interleaved with medium to coarse grained dolerite and gabbro dykes and sills. Ultramafic rocks outcrop poorly along a NE-SW trending,
central spine dominated by in situ lateritic outcrop. The contact between the Missouri Basalt in the west and the ultramafics in the east
has been the focus of extensive gold mining activity from the period 1900-1930.

Gold mineralisation at Siberia has two styles:
o
quartz-biotite-feldspar-sulphide shear lodes within the basalt and;
o
quartz-talc-sulphide schist lodes in the ultramafic contact against the ‘top’ of the mafics (i.e. a contact lode). This style
of mineralisation has been the focus of extensive gold mining activity from the period 1900-1930.
Drill hole
Information

A summary of all information material to the
understanding of the 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

See Significant Intercepts in Appendix 1
Criteria JORC Code explanation JORC Code explanation Commentary Commentary
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.
Data In reporting Exploration Results, weighting Original assays are length weighted. Grades in this release are top cut to 5.0g/t. Lower cut off is nominally 0.7g/t. Maximum 2m internal
aggregation averaging techniques, maximum and/or dilution.
methods minimum grade truncations (eg cutting of high No metal equivalents reported.
grades) and cut-off grades are usually Material
and should be stated.
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 All intercept widths reported are down hole lengths. The geometry of mineralisation is known for major deposits (Sand King & Missouri).
between in the reporting of Exploration Results. However no attempt has been made here to report true widths.
mineralisation
widths and
intercept
lengths

If the geometry of the mineralisation with
respect to the drill hole 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) See plans and sections.
and tabulations of 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 Results from historic drilling are shown on the diagrams. All intercepts from recent drilling are reported
reporting Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.
Other Other exploration data, if meaningful and Metallurgical and geotechnical work has been completed for Sand King and Missouri deposits.
substantive material, should be reported including (but not Additional metallurgical, geotechnical, environmental and engineering work is currently underway for the Sand King and Missouri deposits
exploration data limited to): geological observations;
geophysical survey results; geochemical survey

Criteria JORC Code explanation Commentary

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 As mining continues at Siberia, drilling will also continue on an episodic basis at Missouri and Sand King to better understand and define
(eg tests for lateral extensions or depth current resource potential.
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.