ORA BANDA MINING LTD — Investor Presentation 2016

Jan 27, 2016

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– Michael Fotios Executive Chairman

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Competent Persons Statement

• The information in this Announcement that relates to Exploration Results, Exploration Targets and Mineral Resources is based on, and fairly represents, information and supporting documentation compiled by or under the supervision of Mr Andrew Czerw, a Competent Person who is a member of the Australasian Institute of Mining and Metallurgy, a ‘Recognised Professional Organisation’ (‘RPO’) included in a list that is posted on the ASX website from time to time. 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 2004 and 2012 Editions of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Czerw consents to the inclusion in this Announcement of the matters based on his information in the form and context in which it appears.

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.

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Corporate Overview

ASX Code	EGS	EGS
Issued Capital	Shares	102.5m
Share Price	Current (Last issue price)	$0.15
Market Capitalisation		$15.4m
Cash	Current balance	$0.3m
Debt (to end Jan 2016)^	Total	$42.7m
Board	Michael Fotios, Executive Chairman
	Alan Still, Non-Executive Director
	Craig Readhead, Non-Executive Director
Major Shareholders	Eastern Goldfields Debt Syndicate	26%
	Investmet Limited	14%

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^Estimated date of relist and debt conversion. Of $42.7m, up to $33.8m will be converted, $4.5m will be repaid and the balance ($4.4m) will be extinguished via an arrangement with certain Creditors.

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Investment Highlights

Board & Management	• Proven track record in exploring, developing, financing and operating gold projects • Michael Fotios, Chairman, also largest shareholder (approx. AUD $30m invested)
1.5M oz Resource Base	• Resource base of 1.5Moz at an average grade of 2.5 g/t1
	• Multiple high grade underground targets
Low capex, substantial cashflow opportunity	• Key infrastructure already in place – replacement value approx. $120m
	• No significant regional drilling undertaken outside boundaries of historical resources;
Exploration upside	• Approx. 170km strike length in total; significant organic growth potential on 1,050
	km2tenements

1. This information was prepared and first disclosed under the JORC Code 2004. 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.

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Transaction Summary – Reinstatement to ASX

	Current (Jan 2016)	Min ($6m AUD)	Max ($10m AUD)
Shares on Issue	102,516,890	359,048,991	385,715,658
Share Price	$0.15	$0.15	$0.15
Market Capitalisation	$15,377,533	$53,857,349	$57,857,349
Cash	$0	$6,000,000	$10,000,000
% Holding – IPO Raise		11%	17%

Note: under $6m scenario, Debt Conversion is $33.8m with $4.3m of debt extinguished under Stirling Deed. Balance is repaid, see below table. Note: under $10m scenario, Debt Conversion is $31.8-33.8m with $4.3m of debt extinguished under Stirling Deed. Balance is repaid, see below table.

Use of Proceeds	Min ($6m AUD)	Max ($10m AUD)
Stirling Repayment (including $750k reimbursement to M. Fotios for prior payments to SRE)	$1,100,000	$1,100,000
Repayment of M. Fotios associated creditors (optional)	$0	$2,000,000
Repayments to 3rdParties	$3,065,438	$3,065,438
Reserve Definition Drilling	$0	$750,000
Plant Refurbishment	$0	$750,000
Working Capital	$1,474,562	$1,734,562
Costs of Offer	$360,000	$600,000
TOTAL	$6,000,000	$10,000,000

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Debt Update

• Company will be debt free upon reinstatement to the ASX

• All existing debts will be repaid or converted to equity at capital raise price

• Discussions continue with several prospective lenders regarding a Project Loan of up to AUD $40m to fund all pre start mining and processing facility refurbishment costs

• Proposed 6 to 9 month lead time from debt funding to commencement of operations

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Tenement Portfolio

• Ground position expanded and consolidated 2006 to 2008

• Enhanced project economics through exploration optionality and expanded resource base

• Dominant ground position over greenstone belt in the Eastern Goldfields region

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Indicative only: EGS tenement position compared to neighbouring holdings.

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Project Overview

• Davyhurst is located 120km north-west of Kalgoorlie:

• Multiple economic gold deposits in situ

• Highly prospective for gold exploration

• Established mine and processing infrastructure

• Secondary Nickel & Copper targets present

• Historic production > 1.6M ozs Au since 1897; total endowment >3M ozs

• Current Resource at Davyhurst / Mt Ida is 1.5Moz at an average grade of 2.5g/t[1 ]

• Davyhurst: 18.6Mt at 2.3g/t Au for 1.4m oz Au

• Mt Ida: 317kt at 13.8g/t Au for 139,000 oz Au

• Total of 163km of mineralised trend; substantially covers greenstone belt

1. This information was prepared and first disclosed under the JORC Code 2004. 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.

Note: Lady Ida tenements awaiting final decision in Wardens Court.

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Dual Hub Approach

Priority #1

Davyhurst Hub – current resource 18.6Mt @ 2.3 g/t

• Large existing resource base

• Substantial production infrastructure

• Significant number of exploration opportunities

Priority #2

Mt Ida Hub – current resource

317kt @ 13.8 g/t

• High grade, low tonnage (e.g. Andy Well, Paulsens)

• Potential for stand alone operation

• Historic production: +500kt @ +15 g/t Au

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Note: Lady Ida tenements awaiting final decision in Wardens Court.

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Global Resource Development Strategy

• Three pronged approach to expanding the resource base:

• 1 • Existing open pit targets:

• Sand King, Riverina and Mulline (laterites then oxide)

2 • Underground potential:

• Largely overlooked by previous owners

• Key focus moving forward

• Underground targets to include Callion, Riverina, Siberia, Makai, Waihi; and stand alone at Mt Ida

3 • Opportunities for new discoveries:

• Huge database to exploit

• Focus on 2[nd] order geochemical anomalies

• Advanced targeting work remains ongoing

• Immediate targets: Peachtree and LOI repeats

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Overview of Proposed Restart

• Short term focus on Reserve definition drilling on existing Resources

• RC / DDH for reserve conversion plus confirm and increase resources – est. $3m

• Plant refurbishment costs – est. $15m

• Pre-production mining costs – est. $2m

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• Historically this processing plant has achieved throughput of 1.2 mpta grading in excess of 2.5 g/t with recoveries in the range of 93% to 94%

• June 2005 annual report - 888kt @ 2.45g/t[1]

• June 2004 annual report - 1,200kt @ 2.80g/t[2]

• June 2003 annual report - 1,164kt @ 2.79g/t[3]

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1. June 2005 Croesus Mining NL annual report 2. June 2004 Croesus Mining NL annual report 3. June 2003 Croesus Mining NL annual report

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Davyhurst Hub - Resource Development Plan

• Planned open pit operations at Sand King and Missouri

• Reopen Lights of Israel underground mine – Makai then moving to LOI

• Riverina open pit – initially targeting oxide feed stocks

• Cut-back Callion open pit, re-establish portal access before accessing existing underground decline

• Continue to evaluate exiting resource tail for additional mining opportunities. Priority will be given to potentially high grade underground sources

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In Situ Infrastructure

• 1 1.2Mtpa processing facility

• 2 Mains Power via the Goldfields grid  3 180 person camp and associated buildings at Davyhurst

• 4 60 person camp at Mt Ida

• 5 Water supplied from existing borefields

• 6 Haul roads – established

• 7 Extensive spares inventory  8 Tailings Storage Facility in place

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Davyhurst Hub

• Highly prospective greenstone sequence in favourable structural setting, past production +500,000 ozs

• Significant gold camp with multiple existing Resources

• Regional mineralised contact along Waihi Trend

• New geological model for mineralisation being developed

• Previously identified anomalies being reevaluated

• JV in negotiation over Golden Eagle deposit

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Proposed Production Sources

• Mining evaluation work continues

• Near Term mining options identified

• Mid term options defined within large Resource tail

• Processing plant centrally located

• Quality haulage routes in place

• Work programs defined aimed at creating mining reserves

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Davyhurst Central & Waihi Location

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Davyhurst

• New geological models for mineralisation being developed – LOI complex a focus & Waihi Lode System

• Underground evaluation work looks to the system rather than individual lodes

• LOI Complex - multiple ore sources with shared existing capital infrastructure

• Waihi Lode System - multiple ore sources of shared planned capital infrastructure

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LOI Complex – 3D View

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----- Start of picture text -----

LOI Open Pit
GO Open Pit
Makai Exploration Target
(Supported by drilling)
Makai Exploration Target
Great Ophir Exploration
(untested by drilling)
Target
(Supported by drilling)
LOI Exploration Target
(limited drill support)
Great Ophir Exploration Target
(untested by drilling)
LOI UG LOI Complex Exploration Target
Mine 2.8 – 3.0 Mt @ 3.9 - 4.3g/t Au
Approximate Past Production
LOI Open Pit: 1.8Mt @ 2.67g/t for 155,000
Ounces
LOI UG 2.2Mt @ 3.5g/t for 245,000
ounces
----- End of picture text -----

Note: The potential quantity and grade of the Exploration Targets are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to “LOI Mining Centre Exploration Targets – Additional Information” for further information.

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LOI Mining Centre Exploration Targets – Additional Information

The Exploration Targets are based upon a comprehensive geological and mineralisation review conducted by Eastern Goldfields Limited. This modelling utilised a combination of exploration drilling data, underground sampling along with detailed geologic observations. A high proportion of the LOI deposit was drilled with diamond core and as such there has been significant data available to compile geologic models and justify the projection of mineralisation down plunge.

Historical survey, geology and assay records reviewed, validated and were utilised to create a 3-dimensional geological and mineralisation model. RC drill diameter was 5 ½ inch and diamond core size was NQ. RC drill sample were collected at 1m intervals and diamond core was cut to geological intervals. Assay methods of drill hole samples was by aqua regia or fire assay using accredited laboratories.

The grades of these exploration targets has been assigned by detailed assessment of previous production from the Lights Of Israel and Great Ophia Deposits along with detailed statistical modelling ( ID2 and Ordinary Kriging) of sample grades from within the mineralised systems. In areas where there is little or no existing data the grade has been derived from the geological investigations into continuity of existing mineralisation and geology (projecting down plunge) and are conceptual in nature with confirmatory RC and DD drilling required to validate these targets which is scheduled for completion in 2016. Samples will be submitted to accredited laboratories for gold assay (fire assay) with a full suite of QAQC samples (blanks, standards and field duplicates).

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Lights of Israel – Long Section

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Waihi

• Waihi presents as an open pit mining option at current commodity pricing

• Underground potential remains strong and subject to ongoing evaluation work

• New geological model for mineralisation being developed

• Numerous exploration options exists

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Riverina & Mulline Locations

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Riverina & Mulline

• Shear hosted vein sets in Basalts and Porphyries, past production approx. 290,000 ozs

• Lady Gladys largest historical producer in the field; comprises multiple vein sets

• Company has identified similar prospectivity at Peach Tree, Lady Jane North

• Multiple geochemical and drill targets defined; POWs approved for drill testing

• Giles – a single point soil anomaly under cover

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Riverina & Mulline Section Locations

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----- Start of picture text -----

A
C
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Lady Gladys & Peachtree Exploration Prospect

B D

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E

Riverina Main Lode Long Section Looking East

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F
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Callion Location

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Callion

• High grade underground producer

• Underground mining potential remains

• Exploration potential

• Down plunge continuations

• Parallel repeats

• Repeats along strike

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Callion

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Note: The potential quantity and grade of the Exploration Targets are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to “Callion Exploration Target – Additional Information” for further information.

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Callion Exploration Target - Additional Information

Basis for the Callion Exploration Target:

The Exploration Targets were calculated using historic data that was collated by Eastern Goldfields Limited. The data consisted principally of channel sample assays and ore thicknesses and RC and diamond drill intersections. Lubbock compiled these data into mine blocks with associated grades and tonnages. Historical survey, geology and assay records were used to create a 3- dimensional model of the underground workings. The channel samples were collected across the width of the drive and/or stope face, generally perpendicular to the strike of the structure that controls mineralisation. Sample and assay methods of underground channel samples is unknown. RC drill sample were collected at 1m intervals and diamond core was cut to geological intervals. Assay methods of drillhole samples was by aqua regia or fire assay using accredited laboratories. In total, there are 1608 stope samples, 947 face samples and 13 drill hole samples used within the area of calculated Exploration Target.

Techniques for Calculating the Grade and Tonnage Ranges for the Callion Exploration Target:

Hard copy survey and geology plans and long sections were digitised and registered in 3-dimensional space. A 3-dimensional model of the ore zones was constructed from the registered plans and drillhole data. Gold assay grades and widths were digitised from the plans. Due to the narrow and variable width of the orebody the estimation was based on an accumulation method. The accumulation varible (GramMetres = Width*Au Grade) and the Width were estimated (Ordinary Kriging) into a block model. The grade was back-calculated by dividing the estimated GramMetres by the estimated Width. A specific gravity of 2.7 t/m3 for fresh rock was applied based on 22 core samples.

Planned Exploration work:

In the short term (2016) Eastern Goldfields Limited plans to drill RC and diamond holes to evaluate the geology, grade and width of the target. Drilling will target remnant pillars and areas below current mining depths. Samples will be submitted to accredited laboratories for gold assay with a full suite of QAQC samples (blanks, standards and field duplicates). If this drill program is deemed successful a geological and resource model will be produced. The resource model will be classified as inferred/indicated as deemed appropriate. .

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Siberia Location

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Siberia

• Sulphide shears within Basalt on Ultramafic contact, past production approx. 110,000 ozs

• Sand King and Missouri deposits major producers in district

• Recent pit mapping has defined mineralisation controls within open cuts and regional setting

• Exploration for similar settings along 15km strike of Siberia Trend at Bonnie Doon, Siberia Consols

• Thiel Well Trend considered highly prospective

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Siberia – Sand King to Black Rabbit

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Mt Ida

• Gabbro and Basalt shear hosted systems past production approx. 300,000 ozs

• High grade existing resource: 317kt @ 13.8g/t

• Multiple advanced gold targets present in high grade system

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Mt Ida cont’d

• Timoni Lode - bulk of historical production, open at depth

• Dave Lode - bulk of current resource base, open at depth & along strike.

• Additional lodes identified:

• Geologically similar

• Lightly drilled to date

• Represent excellent exploration targets

• Potential for system repeats along antiform corridor

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Mt Ida cont’d

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Mt Ida cont’d

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Exploration: Regional Reconnaissance Plan

• Objectives – generate new discoveries within the belt

• Method - Generate regional consistent (leveled) datasets for;

• 1:10,000 or 1:5,000 detailed geological outcrop mapping

• Regional advanced 3D modelling where appropriate

• Soil Geochemistry – auger drilling targeting the calcareous horizon (best gold response) aimed at regenerating regionally consistent dataset

• Geophysics – reprocess or regenerate regionally consistent dataset

• This process has already commenced;

• Detailed geological outcrop mapping – Siberia, Davyhurst 

• Regional advanced 3D modelling - Siberia 

• Soil Geochemistry – Mulline 

• Ongoing Budget commitment approx. $1m per year

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Investment Highlights

Board & Management	• Proven track record in exploring, developing, financing and operating gold projects • Michael Fotios, Chairman, also largest shareholder (approx. AUD $30m invested)
1.5M oz Resource Base	• Resource base of 1.5Moz at an average grade of 2.5 g/t1
	• Multiple high grade underground targets
Low capex, substantial cashflow opportunity	• Key infrastructure already in place – replacement value approx. $120m
	• No significant regional drilling undertaken outside boundaries of historical resources;
Exploration upside	• Approx. 170km strike length in total; significant organic growth potential on 1,050
	km2tenements

1. This information was prepared and first disclosed under the JORC Code 2004. 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.

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+61 8 6241 1888

www.easterngoldfields.com.au

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– Michael Fotios Executive Chairman

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A endix A – Mineral Resources Table pp

PROJECT	('000t) (g/t Au) MEASURED	('000t) (g/t Au) MEASURED	INDICATED	INDICATED	INFERRED	INFERRED	('000t) (g/t Au) ('000oz.) TOTAL MATERIAL	('000t) (g/t Au) ('000oz.) TOTAL MATERIAL	('000t) (g/t Au) ('000oz.) TOTAL MATERIAL
		(g/t Au)	('000t)	(g/t Au)	('000t)	(g/t Au)	('000t)	(g/t Au)
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
Central Davyhurst Subtotal	0	0.0	3,200	2.2	800	2.6	4,000	2.3	300
LADY GLADYS	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
Mulline Subtotal	0	0.0	3,300	2.1	2,300	2.4	5,600	2.2	390
SAND KING	0	0.0	516	3.1	935	3.0	1,451	3.0	142
MISSOURI	98	1.7	831	2.0	909	2.2	1,838	2.1	123
PALMERSTON/CAMPERDOWN	0	0.0	118	2.3	174	2.4	292	2.4	22
BERWICK 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
Siberia Subtotal	98	1.7	1,500	2.4	2,500	2.8	4,100	2.6	340
CALLION	0	0.0	86	2.8	83	2.3	169	2.6	14
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
MT 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
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
Davyhurst Regional Subtotal	138	3.5	1,800	2.2	3,000	2.0	5,000	2.1	340
Davyhurst Total	236	2.8	9,800	2.2	8,600	2.4	18,700	2.3	1,370
BALDOCK	0	0.0	136	18.6	0	0.0	136	18.6	81
BALDOCK STH	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	39	13.3	39	13.3	17
Mount Ida subTotal	0	0.0	140	18.6	180	10.2	320	13.8	140
Combined Total	236	2.8	9,900	2.4	8,800	2.5	19,000	2.5	1,510

1. This information was prepared and first disclosed under the JORC Code 2004 ( refer to ASX release “ Swan Gold Prospectus ”, 13/2/2013) . 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 First Hit, Sunraysia and Lady Bountiful Resources are no longer held by Eastern Goldfields and as such have been omitted form the above table.

2. The above table contains rounding errors.

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Appendix B – Significant Intercepts Table

Deposit	Hole	**Drill Type **	**MGA Northing **	MGA Easting	mRL	**Azimuth **	Dip	EOH Depth	Intercepts
Lights of Israel	PDLI169	RC/DD	6676774	274076	449	0	-90	580	14.8m@2.33g/t from 542m
									incl. 5.8m@4.3g/t
	PDLI197	RC/DD	6676961	273999	447	0	-90	675.5	3.1m@1.3g/t from 647m
									and 4.6m@1.3g/t from 652.3m
									and 3.8m@1.6g/t from 659.9m
	PDLI180	RC/DD	6677162	273968	445	0	-90	714.6	7.1m@3.95g/t from 671.3m
	ROBG19	RAB	6675043	274784	465	0	-90	50	2m@3.6g/t from 43m
Great Ophir	DDG0012	DD	6675680	274028	455	0	-90	135.3	10.1m@2.67g/t from 72.2m
									incl. 6.0m@3.3g/t
									and 1.7m@5.38g/t from 96.8m
	ORC549A	RC	6675667	274070	457	0	-90	110	22m@2.16g/t from 81m
									incl. 5.0m@3.7g/t
	RCLI51	RC	6675715	274164	455	0	-90	156	19m@1.46g/t from 119m
	RCLI95	RC	6675733	274246	456	0	-90	147	9m@1.9g/t from 131m
									incl. 4.0m@3.3g/t
Callion	CS6W1	DD	6665123	267638	485	270	-60	530	10.5m@17.2g/t from 457.1m
	CS5	DD	6665187	267553	485	260	-60	443.9	0.71m@9g/t gold from 405m
	CS4	DD	6665282	267517	485	260	-60	384.9	0.32m@2.5g/t gold from 372.58m
	DDHCS1	DD	6665763	267352	485	270	-60	345	0.9m@6.3g/t gold from 327m
									and 0.3m@3.3g/t gold from 336.73m
	DDHCS2	DD	6665779	267435	485	270	-60	437	1m@4.5g/t gold from 185m
									and 0.2m@7.5g/t gold from 433.76m
Riverina	RD003	DD	6706996	264301	445	75	-65	270	3m@51.76g/t from 240.2m
	BRV015	RC	6706572	264421	443	90	-60	234	3m@33.58g/t from 165m
	BRV028	RC	6706559	264612	438	270	-60	257	2m@17.75g/t from 203m
	BRV014	RC	6706519	264401	443	90	-60	241	5m@12.84g/t from 230m
	RD009	DD	6707466	264525	448	270	-60	256	1.3m@3.64g/t from 209.72m
	RD007	DD	6707366	264527	450	270	-60	270	1.1m@3.57g/t from 233.48m
	RD020	DD	6706863	264586	443	270	-55	331.5	1.7m@5.72g/t from 242.33m
	BRV016	RC	6706643	264383	447	90	-60	290	2m@4.65g/t from 250m
	BRV044	RC	6706477	264540	441	270	-60	140	2m@6.75g/t from 79m

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Appendix B – Significant Intercepts Table

Deposit	Hole	**Drill Type **	**MGA Northing **	MGA Easting	mRL	**Azimuth **	Dip	EOH Depth	Intercepts
Riverina South	RRC2	RC	6705543	264590	442	90	-60	40	15m@2.68g/t from 12m
	RRC3	RC	6705567	264590	442	90	-60	40	5m@3.2g/t from 19m
	RV107	RC	6705547	264581	442	90	-60	65	4m@3.2g/t from 35m
Mulline/Peachtree	MERC038	RC	6700310	260352	475	281	-60	84	6m@1.68g/t gold from 31m
	97MRC001	RC	6700308	260371	475	281	-60	70	6m@6.8g/t gold from 35m
									and 1m@44.0g/t gold from 69m
	97MRB247	RAB	6700298	260403	475	281	-60	51	7m@4.8g/t gold from 26m
	97MRC004	RC	6700276	260519	475	281	-60	120	1m@225g/t gold from 115m
Sand King	SAD58	DD	6656048	303717	399	180	-50	250	2.5m@11.58g/t from 193.8
	SAD44	DD	6656256	303902	419	180	-65	301	2.89m@7.45g/t from 199.4m
	SAD08	DD	6656187	303897	419	180	-60	250	2.5m@12.16g/t from 188.06m
Missouri	MID28	DD	6655156	303157	422	180	-55	302	1.4m@17.07g/t from 243m
	MID15	DD	6655056	303137	423	180	-55	180	3.9m@7.83 from 143.5m
	MID17	DD	6655136	303137	422	180	-60	236	12.71@4.36g/t from 193.43m
Black Rabbit	SMRC0071	RC	6642492	295756	451	270	-60	69	6m@9.65g/t from 50m
	SMRC0165	RC	6642478	295756	452	270	-60	70	12m@5.68 from 48m
	SMRC0163	RC	6642397	295797	456	270	-60	110	4m@38.2g/t from 68m
Mt Ida	TID014	DD	6778333	253177	473	90	-60	351.9	1.45m@51.14g/t from 339.7m
	TIC0256	RC	6778250	253272	470	90	-60	312	1m@16.24g/t from 287m
	IDD001	DD	6778221	253229	476	90	-60	400.08	1.07m@13.86g/t from 332m
	IDD002	DD	6778162	253328	477	90	-60	298.03	3.2m@12.45g/t from 274m
	TIC0123	RC	6778577	253220	474	90	-60	238	4m@46.28g/t from 220m
	TIC0179	RC	6778597	253251	474	90	-60	188	3m@25.26g/t from 173m
	TIC0190	RC	6778535	253160	472	90	-60	340	1m@4.69g/t from 324m
Waihi	DRC442D	DD	6674386	271927	467	90	-59	268	4m @ 21.5g/t from 112m
	DRC432D	DD	6674433	271915	467	90	-60	343	4m @ 18.4g/t from 94m
	DRC492	RC	6674409	271919	468	90	-60	140	3m 8.2g/t from 106m
	DRC149	RC	6674465	271932	463	94	-60	113	2m @ 11.2g/t from 70m
	DRC490	RC	6674607	271886	463	90	-60	155	4m @ 4.2g/t from 117m
	DRC301	RC	6674657	271880	462	92	-59	125	3m @ 31g/t from 88m
	DRC240D	DD	6674666	271815	464	94	-61	220	2m @ 23g/t from 179.1

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Appendix C – JORC Code Reporting Exploration Results	Appendix C – JORC Code Reporting Exploration Results	Appendix C – JORC Code Reporting Exploration Results
Criteria	JORC Code explanation	Commentary
Sampling techniques	• Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	SANDKING/MISSOURI • Diamond core samples were submitted for assay on a 1m basis or on intervals of geological interest. • Sampling was carried out using sampling protocols established by the operating companies at the time. • QAQC sampling and assay procedures unknown. BLACK RABBIT • RC samples collected on single metre spacing, split using 1 two tier 75:25 riffle splitter. 4m composite samples sent to SGS Analabs, Kalgoorlie for 50g Fire Assay. Individual 1m samples from composite intervals assaying > 0.13g/t were submitted to SGS Analabs, Kalgoorlie for assay by Fire Assay • Standards and repeats were used during first phase of drilling to provide a reference to the internal lab standards. No issues were found with respect to analytical accuracy and precision RIVERINA SOUTH – RRC holes • One metre RC samples were collected in plastic bags via a cyclone and passed through a triple splitter giving a 12.5% split of approximately 2kg which were placed in calico bags marked with drill hole and sample interval. The remaining 87.5% was returned to the plastic bag, similarly numbered, and laid in rows on site.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Sampling techniques (Cont)		• A trowel was used to scoop the samples for composites. Composite intervals were based on observed geology in sieved and washed chip samples. Many 1m samples were selected for assay immediately, presumably based on observed geology. • Samples were sent to Aminya Laboratories in Ballarat, Victoria for gold fire assay using a 50g charge and AAS finish. RIVERINA SOUTH – RV holes • Sampling techniques unknown. Samples collected at 1m intervals and sent for analysis at Genalysis Laboratories for aqua regia digest and AAS finish. RIVERINA • Reverse Circulation drill samples and diamond core samples sent for assay. RC samples were collected on 1m basis. Frequently composite samples were submitted to laboratories for pulverizing and assay by either aqua regia or fire assay. Core samples were submitted on a 1m basis or on intervals of geological interest. MULLINE/PEACHTREE • 97MRB247 – 1m RAB samples composited (4m) and submitted to MinLab, Kalgoorlie for 50g fire assay analysis • 97MRC holes – RC samples collected at 1m intervals. Intervals showing alteration or quartz veining were submitted as 1m samples to MinLab, Kalgoorlie. Remainder of hole was composite sampled to 4m and also sent to MinLab. All assays by fire assay.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Sampling techniques (Cont)		• MERC038 - RC drill samples were collected in large plastic retention bags below a free standing cyclone at 1m intervals, with analytical samples initially formed by composite sampling over 5m intervals. Where samples were dry, analytical composites were formed by spearsampling, where a 50mm diameter plastic pipe is pushed through the drill cuttings in the sample retention bag to the base of the bag and removed carefully with the contents of the pipe containing a representation of the retained metre.Wet RC drill samples where thoroughly mixed in the sample retention bag and ‘scooped’ sampled to form a composite sample. Five metre composite analytical samples, returning values greater than 0.1g/t gold, were riffle split at 1m intervals where samples were dry, and grab sampled where wet. Samples sent to Ultratrace, Perth for 50g fire assay. MT IDA • Reverse Circulation drilling was used to collect 1m samples, approximately 3kg of which were sent to various laboratories for pulverizing and assay. • Diamond core samples were submitted for assay on a 1m basis or on intervals of geological interest. • Sampling was carried out using sampling protocols established by the operating companies at the time.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Sampling techniques (Cont)		CALLION • CS series holes – Sampling techniques unknown, assay method unknown. • DDHCS series holes - core samples were cut with a diamond saw and submitted for fire assay on basis of intervals of geological interest. GREAT OPHIR • RCLI series – Precollars were RC drilled. Unmineralised RC zones were composited over 4m. Where mineralized zones were RC drilled and sampled at 1m intervals, a face sampling hammer was used. Diamond core was halved with a diamond saw and samples were jaw crushed before ring milling. • ORC549A & DDGO012 holes – No data available LIGHTS OF ISRAEL • Outside of the target ore zone Precollar Reverse Circulation sampling was taken as 4m or 10m grab composites. Within mineralised zones samples were taken at 1m using with a face sampling hammer. • Diamond core samples were taken on 1m basis or on intervals of geological interest. Core was halved by saw and jaw crushed before ring milling. • RAB drilling sampled at 1m intervals WAIHI Limited information is available on historic DRC and DRCD series holes at the Waihi Deposit drilled by Consgold between 1995 -1999. A review of historical reports suggest sampling practices were in place were acceptable, • RR pre-collars were drilled with diamond tails. • Standard 4m composites in RC and composites were re-split to 1 metre intervals if mineralized. • Diamond core was sampled on 1m intervals, although at times sampled to geological boundaries when deemed necessary. • Core was halved by saw and send for analysis offsite.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Drilling techniques	• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	SANDKING/MISSOURI • Diamond HQ and NQ reducing to BQ at depth if necessary. Sometimes with percussion precollar to depths of approx. 100m. BLACK RABBIT • RC, 51/4” face sampling hammer. RIVERINA SOUTH – All holes • Reverse Circulation, unknown drill hole diameters. RIVERINA • RC Hole diameters of BRV series holes drilled by Barminco and Barra Resources were not recorded. • Surface diamond holes reached depths of up to 340m below surface starting with HQ diameter core to depths of approximately 60m and finishing with NQ core. MULLINE/PEACHTREE • 97MRB247 – RAB holed drilled to blade refusal. • 97MRC holes – RC hammer holes, diameter unknown. • MERC038 – RC holes, diameter unknown. MT IDA • Drilling techniques used include RC and diamond. • RC drill diameter was 51/2” and completed by Wallis and Mc Kay drilling .

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Drilling techniques (Cont)		• TID014 Diamond hole was NQ2 diameter. The diameter of IDD001 and IDD002 is unknown. • It is unknown whether any core was oriented. CALLION • CS series holes - drilled with Warman 1000 and Longyear 44 rigs. NQ core after 50m precollar. • DDHCS series holes – Core diameter unknown. GREAT OPHIR • RCLI series – Core diameter was NQ2. RC hole diameter was 130mm. Face sampling hammer used in vicinity of ore zones. • ORC549A & DDGO012 holes – No data available. LIGHTS OF ISRAEL • Drilling techniques used include RC Precollar and diamond. • RC drill diameter was 61/2” and completed by Davies/Longyear drilling • Core diameter was NQ, with the exception of PDLI197 which is unknown. • It is unknown whether any core was oriented. WAIHI • Drilling techniques include RC and DD (with RC pre-collar) • Core diameter was NQ • Core was oriented.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Drill sample recovery	• Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	SANDKING/MISSOURI • Assumed good diamond core recoveries. There is no indication on logging sheets regarding adverse recoveries. • Measures taken to maximise sample recoveryare unknown. • No relationship between sample recovery and grade. BLACK RABBIT • Sample recoveries not documented • Four metre composites taken using a scoop from sample reject contained in UV resistant PVC bag. If required entire 1m split samples in drawn calico bags submitted for analysis. • No indication of sample bias due to preferential loss/gain of coarse/fine material. RIVERINA SOUTH – All holes • Sample recoveries not documented • No indication of sample bias due to preferential loss/gain of coarse/fine material. RIVERINA • RC sample recoveries for BRV series holes intermittently recorded. 74% of all BRV hole samples had recovery recorded. Of these:

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Drill sample recovery (Cont)		o 91% of samples with 70% to 100% recovery o 6% of samples with 40% to 70% recovery o 3% of samples with < 40% recovery • Diamond core samples for RD series holes not documented. • Riverina Gold NL. Noted in 1988 that “Metallurgical tests indicate that the gold is free and relatively coarse grained, consequently producing a “nugget” effect in the sample assays” MULLINE/PEACHTREE • Sample recoveries for RAB and RC holes not recorded. • MERC038 – Samples collected in large plastic retention bags below a free standing cyclone at 1m intervals. • No indication of sample bias due to preferential loss/gain of coarse/fine material. MT IDA • For RC holes – Recovered weights were not routinely captured, However, Golders completed a series of weight and volume checks on drill sample bags on site in 2003. All drilling samples showed good consistency of weight and size, implying good quality of sample return. • For Diamond hole – No recovery information is available. Work by Golders suggests “No relationship exists between sample recovery and grade from a diamond drilling program, and no bias appears to have occurred from review of the sawn core.”

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Drill sample recovery (Cont)		CALLION • 10 cm core loss reported in hole CS4 at ore body intersection. To address this a wedge was drilled, intersecting the ore zone approx. 5m above initial intercept with no core loss. Assay results were similar. No reported core loss elsewhere on drill logs. GREAT OPHIR • RCLI series holes - Core loss was not recorded. RC sample loss was not recorded • ORC549A & DDGO012 holes – No data available. LIGHTS OF ISRAEL • No recovery information is available, it is unknown if this was recorded at the time of drilling. WAIHI • A review of historical logs (predominately diamond drilling) routinely recorded recoveries. • Core recovery was generally greater than 99% (competent core).

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Logging	• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged.	SANDKING/MISSOURI • Coregeologically logged to a suitable standard. • The logging describes the dominant and minor roc k types, mineralisation, oxidation, alteration, texture, vein type and basic structure. Quantitative values assigned to amounts of sulphides, alteration and veining. • All intercepts geologically logged. BLACK RABBIT • The logging describes the dominant and minor rock types, colour, mineralization, mineralization percent and oxidation. • All intercepts geologically logged. RIVERINA SOUTH – RRC Holes • A handful of material from each of the large bagged 1 metre samples was sieved and washed. The remaining chips were geologically logged. • Logging describes, lithology, colour, alteration and quartz percentage. • The entire holes were logged to lithological boundaries. WAIHI • All RC and Diamond holes were logged to an acceptable level. Logging describes rock types, oxidation, mineralisation, alteration, sulphides and veining with historical diamond logs logged to a very high degree of detail.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Logging (Cont)		RIVERINA SOUTH – RV Holes • Drill chips geologically logged, recording primary and secondary lithology, mineralization, alteration, weathering, veining and fracturing. Quartz logged as a percentage. • Entire holes were logged. RIVERINA • RC holes logged in entirety, recording Lithology, Minerals, Alteration, Grain size, Texture, Colour, Oxidation, Quartz%, Sulphides and Mineralisation. Logging on 1m intervals. • Core logged to geological intervals, recording lithology, mineralization, mineralization percentage and alteration. MULLINE/PEACHTREE • 97MRC holes – Logging on 1m sample intervals. Lithology, minerals, colour, regolith, grain size, texture, veining, vein%, alteration and sulphide% recorded. • 97MRB holes - Logging on 1m sample intervals. Lithology, minerals, weathering and grain size recorded. • MERC038 – RC hole logged at 1m intervals. Lithology, minerals, colour, regolith, grain size, texture, alteration, veining, vein%, alteration and sulphide% recorded. • Entire length of each hole logged.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Logging (Cont)		MT IDA • All RC and Diamond holes were logged to an acceptable standard. • All intercepts were geologically logged. • Logging describes the dominant and minor rocktypes, mineralisation, alteration, texture, veining, regolith, and basic structure. No structural measurements could be found for the core. CALLION • No geological logging available for DDHCS series holes • CS series holesgeologically logged to a suitable standard. • The logging describes the dominant and minor rocktypes, mineralisation, oxidation, alteration, texture, vein type and structure. Some quantitative values assigned to amounts of sulphides alteration and veining. GREAT OPHIR • RCLI series holes. Entire hole logged, noting colour, weathering and rocktype. No quantitative logging. • ORC549A & DDGO012 holes – No data available. LIGHTS OF ISRAEL • All RC, Diamond and RAB holes were logged to an acceptable but basic standard, Logging describes rocktypes, oxidation, basic mineralisation, alteration and veining.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
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.	SANDKING/MISSOURI • Diamond core cut, half and quarter core sampled. • Half and quarter cut core is appropriate sample prep technique. • Unknown whether sample duplicates taken. BLACK RABBIT • Samples riffle split using a two tier 75:25 riffle splitter. • Samples were dried and pulverized to 80% passing 75 micron. A 50g pulverized sample taken for assay. • Field duplicates not submitted for analysis. • Sample size of 2-3 kg appropriate to the grain size and style of mineralization. RIVERINA SOUTH – RRC Holes • One metre RC samples were collected in plastic bags via a cyclone and passed through a triple splitter giving a 12.5% split of approximately 2kg. • Sample preparation by Genalysis not documented but assumed to be to industry standards at the time. • Sample QAQC procedures not documented. • Approx. 2kg sample are appropriate to the grain size and style of mineralization.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Sub-sampling techniques and sample preparation (Cont)		RIVERINA • Diamond core was cut to 1m intervals or to geological intervals in zones of interest. Intervals considered of no interest were not always sampled. Unknown whether quarter core or half core submitted for assay. • If quarter core assayed sample size may be insufficient for “nuggety” style of mineralistion. • No sample duplicates of core sent for analysis • BRV RC holes sampled at 1m intervals. Sample method unknown • 74% of all BRV hole samples had sample condition recorded. Of these: o 90% of samples were dry o 2% of samples were moist o 8% of samples were wet • No RC sample duplicates submitted for analysis • Assumed RC sample size of approx. 2kg appropriate for material grain size. MULLINE/PEACHTREE • 97MRB holes – Sample method unknown • 97MRC holes – Sample method unknown

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Sub-sampling techniques and sample preparation (Cont)		• MERC038 - RC drill samples were collected in large plastic retention bags below a free standing cyclone at 1m intervals, with analytical samples initially formed by composite sampling over 5m intervals. Spear sampling of dry samples with a 50mm diameter plastic pipe. Wet RC drill samples thoroughly mixed in the sample retention bag and ‘scoop’ sampled to form a composite sample. • Ultratrace samples were dried, crushed and split to obtain a sample <3.5kg which was pulverized prior to a 50g sample collected for fire assay. MinLab sample preparation techniques unknown but assumed to be similar to Ultratrace. • MERC038 – Every 20th sample was duplicated in the field and submitted to Ultratrace. Standards and blanks also submitted with routine samples. MT IDA • TID014 was half cored, it is unknown what core was taken for IDD001 and IDD002. • For RC holes, the upper portions of drill holes (out of ore zones) were sampled as 4m composites by spear or scoop. Within the target zone samples were riffle split at 1m intervals using a 3 tier riffle splitter attached to the drill rig. • Diamond core was cut to 1m intervals or to geological intervals in zones of interest. • It is considered that sample preparation is suitable and “industry standard”.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Sub-sampling techniques and sample preparation (Cont)		CALLION • DDHCS series holes - diamond core was cut to 1m intervals or to geological intervals in zones of interest. Intervals considered of no interest were not always sampled. Uncertain if whole core or half core submitted for fire assay by unknown laboratory. To improve the sampling statistics some holes were wedged off. • CS series – unknown sub sampling procedures, unknown laboratory and sample preparation and assay methods. GREAT OPHIR • RCLI series holes. RC samples riffle split to approximately 2kg for assay. Individual 1m samples were grab sampled to form composites. Sample condition not known. Diamond core halved with diamond saw. No field duplicates taken. Sample sizes are adequate. • ORC549A & DDGO012 holes – No data available. LIGHTS OF ISRAEL • Diamond core was halved by saw and jaw crushed before ring milling. Sub sampling techniques for PDLI197 is unknown. • Outside of the target ore zone precollar Reverse Circulation sampling was taken as 4m or 10m grab composites. Within mineralised zones, samples were taken at 1m intervals using a face sampling hammer. 1m samples were taken by riffle split for approximate 2kg sample. • Sample sizes are adequate. WAIHI • Diamond core was halved by saw. Sample size of ½ NQ2 is considered adequate sample size to ensure representatively of mineralization. • Limited documentation of sample preparation and QAQC practices has been located other than historical reviews suggesting that the processes in place were adequate. • A Reviews of Consgolds exploration practices on surrounding deposits also confirms that their processes were adequate.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Quality of assay data and laboratory tests	• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.	SANDKING/MISSOURI • All samples submitted for aqua regia digest, finish by aqua regia. Technique is considered a partial analysis. • No information regarding assay QAQC available BLACK RABBIT • The sample preparation and analytical method is considered appropriate for the style of mineralization. • Standards were submitted with routine samples and Siberia Mining Corporation stated there was a strong correlation between standard values and laboratory assays. Repeat assays of composite samples showed no problems with technique or dependability of the laboratory (Source Wamex report a67636, pg. 12). The repeat and standard assay results are unavailable for independent verification. RIVERINA SOUTH • Analysis by fire assay and aqua regia methods appropriate for style of mineralization. • No QC samples inserted into the sample batches. • Laboratory repeat assays available for analysis of assay precision.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Quality of assay data and laboratory tests (Cont)		RIVERINA • Diamond core assayed by fire assay at Analabs, Kalgoorlie. • RC samples assayed by Leonora Laverton Assay Laboratories, 50g fire assay. • No QC samples inserted into sample batches for RC or diamond drilling. MULLINE/PEACHTREE • All samples submitted to laboratories for fire assay, an accepted standard for valuing gold ore. • For 97MRB and 97MRC holes there were no field duplicates or standards submitted in routine sample stream. • Standards and field duplicates were submitted with batches of MERC series holes. Results unknown. MT IDA • All RC samples were assayed by 50g Fire assay with AAS finish at Genalysis laboratories Perth. TID014 samples were assayed by Fire Assay at Leonora Assay Laboratory • RC Field duplicates and checks were submitted to Leonora Assay Lab for analysis by Fire assay. The results of these checks are unknown.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Quality of assay data and laboratory tests (Cont)		• IDD001 and IDD002 were analysed at Leonora Assay Laboratory by 400g Leachwell digest with solvent extraction and AAS. Any samples greater than 3g/t had their pulps submitted to Genalysis for Fire Assay checks. • The use of standards and blanks to determine the accuracy of assaying for any of the drilling is unknown. CALLION • Assay QAQC was not documented. GREAT OPHIR • RCLI series holes - All samples sent to Australian Assay Laboratories in Kalgoorlie or Leonora for fire assay and AAS finish. • ORC549A & DDGO012 holes – No data available. • The use of standards and blanks to determine the accuracy of assaying for any of the drilling is unknown. LIGHTS OF ISRAEL • All RC and Diamond samples were assayed by Fire assay with AAS finish at Australian assay labs at Kalgoorlie or Leonora, with the exception of PDLI197 which is unknown. • RAB samples were sent to Australian assay labs at Kalgoorlie for gold analysis by an unknown method • The ratio of standards and blanks to determine the accuracy of assaying is unknown although quartz blank were submitted along with Garnet Laboratory standards.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Quality of assay data and laboratory tests (Cont)		• RCLI series holes - selected pulps from phase 2, 3, & 4 drilling were sent to Multilabs for check assaying. Results were reasonable with the majority of pairs being within 20% of each other. • RAB samples were sent to Australian assay labs at Kalgoorlie for gold analysis by an unknown method WAIHI • Limited reference to ConsGolds QAQC process at Waihi is recorded, although there practices during the same period (1995- 1999) at the Lights of Israel deposit included quartz blank submitted between each sample and Garnet Laboratory standards submitted with all resource drilling. All assays were sent offsite for Analysis

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Verification of sampling and assaying	• The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data.	SANDKING/MISSOURI • Drill intersections have been inspected by Siberia Mining geologists in 2005 and mineralization was visible in core at the expected intervals. Core is available for inspection. • Holes are not twinned • Data has been verified by Eastern Goldfields Limited 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. Data entry, verification and storage protocols are unknown. • No adjustments have been made to assay data. BLACK RABBIT • Significant intersections have not been verified by independent personnel, sample residues are unavailable. • Holes are not twinned • Data entry, verification and storage protocols are unknown. • Individual sample assays have not been adjusted. RIVERINA SOUTH • No independent verification of assays or drill intersections. • No re-assaying by alternative laboratories. • Individual sample assays have not been adjusted.

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Criteria	JORC Code explanation	Commentary
Verification of sampling and assaying (Cont)		RIVERINA • Intersections of diamond core have not been inspected by company personnel or independently. Duplicate samples have not been submitted for umpire checks. • There are no twinned holes. • Data entry, verification and storage protocols are unknown. Core is available for inspection. • Individual sample assays have not been adjusted. MULLINE/PEACHTREE • Duplicate samples have not been submitted for umpire checks. • No independent or company verification of intersections • There are no twinned holes. • Data entry, verification and storage protocols are unknown. • Individual sample assays have not been adjusted. MT IDA • No independent verification of significant intersections is known of. One set of twin holes was completed (TIC0122 and TID013) which resulted in the 62% loss in gold from the primary RC data to Diamond core.

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Criteria	JORC Code explanation	Commentary
Verification of sampling and assaying (Cont)		• Data entry, verification and storage protocols are unknown. • Individual sample assays have not been adjusted. • No documentation is known for data entry, validation etc. • Data has been verified by Eastern Goldfields Limited by reviewing all pertinent Wamex reports and comparing the company’s SQL database. CALLION • There are no twinned holes however proximal intersections (from a wedge) can be correlated. • Data has been verified by Eastern Goldfields Limited by reviewing all pertinent Wamex reports. GREAT OPHIR • No independent verification of significant intersections is known of. • No twinned holes. Data recorded digitally and any data considered “bad” flagged with an asterisk. • ORC549A & DDGO012 holes – No data available. LIGHTS OF ISRAEL • No independent verification of significant intersections is known of. • No twinned holes. Data recorded digitally and any data considered “bad” flagged with an asterisk. WAIHI • An extensive program of check analysis by another laboratory was conducted by ConsGold with good precision achieved • No twinned holes. • Data recorded digitally.

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Criteria	JORC Code explanation	Commentary
Location of data points	• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control.	SANDKING/MISSOURI • All holes collected in AMG, zone 51 grid system. • All collar locations were surveyed using theodolite on an AMG grid using six survey control points. Sandking holes down hole surveyed by Eastman single shot camera or multishot approximately every 30m. Missouri holes oriented at collar only. • Topography has been surveyed by recent operators though holes are mostly collared within the mined pit. Collar elevations are consistent with surrounding holes and the natural surface elevation. BLACK RABBIT • All holes surveyed in AMG, zone 51 grid system • Collar surveys by Fugro Surveys using RTKGPS. No down hole survey for RMRC071. Remaining holes down hole surveyed every 5m using electronic multishot tool. • Collar RL’s established from Fugro surveys. No alternative data of sufficient accuracy to verify validity of the surveyed RL’s. RIVERINA SOUTH • Holes located using Riverina local grid system. Coordinates transformed to MGA94, zone 51 grid system using 2 point transformation. • Hole locations were not surveyed. • Holes were not down hole surveyed.

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Criteria	JORC Code explanation	Commentary
Location of data points (Cont)		RIVERINA • Barra Resources surveyed all BRV holes at the time of drilling with a DGPS using AMG zone 51 grid system. • During 2001 Barra Resources located 663 holes using DGPS on the Greater Riverina tenements and collated data from the drilling. Among these holes were the RD series diamond holes. Holes were located in the AMG, zone 51 grid system. MULLINE/PEACHTREE • 97MRB holes located on surveyed Mulline Local Grid, though individual holes not surveyed. • 97MRC hole locations surveyed onto the Mulline grid by licensed surveyors. • MERC038 – Hole surveyed on Mulline Local Grid using DGPS • Mulline Local coordinates converted to MG94 zone 51 using a 2 point transformation. MT IDA • All diamond hole collar locations were pickup by a DGPS, as was TIC256. The survey method or accuracy of the remaining collar locations is unknown. • All RC holes and core hole TID014 were surveyed every 50m down hole using a single or multishot Eastman. Core holes IDD001 and IDD002 were surveyed down hole by gyro by ABIM Solutions • The grid system used is MGA94, zone 51. • The quality of the surveyed mine topography is unknown.

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Criteria	JORC Code explanation	Commentary
Location of data points (Cont)		CALLION • Collar locations located on Callion Local grid. Transformation to MGA, zone 51 by 2 point transformation. Collar locations not surveyed. • DDHCS series holes were down hole surveyed every 24m with an Eastman camera. • CS series holes were surveyed approximately every 50m, instrument unknown. GREAT OPHIR • RCLI series – Holes were surveyed in either “Lights of Israel” or “Great Ophir” local grid. Coordinates transformed to MGA94 zone 51 using 2 point transformations. • RCLI51 – no down hole survey • RCLI95 – Down hole surveys every 10m, unknown method. • ORC549A & DDGO012 holes – No data available. LIGHTS OF ISRAEL • Holes were surveyed in either “Lights of Israel” or “Great Ophir” local grid. Coordinates transformed to MGA94 zone 51 using 2 point transformations. • All RC precollars were surveyed every 50m down hole, unknown method. Diamond tails were surveyed every 30m, unknown method. WAIHI • Holes were surveyed in a local Waihi grid, This local grid is approximately -14°from AMG • Accurate collar surveys are available for all DRC and DRCD holes drilled

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Criteria	JORC Code explanation	Commentary
Data spacing and distribution	• Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied.	SANDKING/MISSOURI • Drill spacing is on approximately 20mN by 20mE spacing. Drill density decreases at depths >70m below surface. • Data spacing is sufficient to establish geological and grade continuity. • Reported drill intercepts are length weighted. BLACK RABBIT • Drill spacing is on a 20m spacing along lines that are 25m apart. • Data spacing is sufficient to establish geological and grade continuity • Reported drill intercepts are length weighted. RIVERINA SOUTH • RV holes drilled on single N-S line, 50m apart. • RRC holes drilled at variable spacing as follow up to initial RV series drilling. • Reported drill intercepts are length weighted. • Reported drill intercepts are length weighted.

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Criteria	JORC Code explanation	Commentary
Data spacing and distribution (Cont)		RIVERINA • The Riverina deposit is drilled on an approximate 20mN by 20mE spacing. Drill density decreases towards the north of the deposit and at depths >100m below surface. • Data spacing is sufficient to establish grade and geological continuity. • Reported drill intercepts are length weighted. MULLINE/PEACHTREE • Drill spacing approximates 20m along a drill line and drill lines 25m apart. • Data spacing is sufficient to establish local grade and geological continuity. • Reported drill intercepts are length weighted. MT IDA • Drill spacing is on approximately 20mN by 20mE spacing. • Data spacing is sufficient to establish grade and geological continuity. • Samples have been composited across the mineralized lode width; a single composite for each drill intercept or sampled face.

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Criteria	JORC Code explanation	Commentary
Data spacing and distribution (Cont)		CALLION • Deep diamond holes were drilled to verify presence (or otherwise) of a southerly plunging “pay shoot” within the Callion structure at depth and to the south of the pit and underground workings. Drill spacing is adequate for establishing geological continuity. • Reported drill intercepts are length weighted. GREAT OPHIR • Drill data spacing is sub 20m and adequate for establishing geological continuity. • Reported drill intercepts are length weighted with a 0.5g/t cut-off and up to 2m internal waste. • ORC549A & DDGO012 holes – No data available. • Reported drill intercepts are length weighted. LIGHTS OF ISRAEL • Drill spacing is on approximately 50mN by 25mE. • Data spacing is sufficient to establish grade and geological continuity. • Reported drill intercepts are length weighted. WAIHI • Drill coverage over the area is fairly uniform on 12.5m lines and 20m hole spacing on each line. Some areas of the resource in the Central Pit area have been drilled on a wider spacing of 25m x 20m. • Data spacing is sufficient to define assumed continuity;

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Criteria	JORC Code explanation	Commentary
Orientation of data in relation to geological structure	• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • 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.	SANDKING/MISSOURI • All drilling is oriented at approx. -60otowards the south. These orientations are considered suitable for the predominantly east- west striking ore zones dipping to the north. BLACK RABBIT • Drilling is oriented at -60otowards the west. This is appropriate for the north striking, moderately east dipping mineralization. RIVERINA SOUTH • All drilling angled -60otowards the east. This is appropriate for the north striking, steeply west dipping mineralization. RIVERINA • Drilling is angled -60otowards the east or west. This is appropriate for the north striking, almost vertically dipping mineralization. • The mineralized structure at Riverina is narrow. It is possible that RC sampling at a minimum of 1m down hole length may have included some footwall and hanging wall waste and not be representative of the mineralised structure alone. WAIHI • Deposit geometry is sub-parallel to local grid which is currently in use; • Drilling predominantly inclined at 60oto the east, intersecting west dipping lodes. Intersections are within 40º of being perpendicular to mineralisation.

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Criteria	JORC Code explanation	Commentary
Orientation of data in relation to geological structure (Cont)		MULLINE/PEACHTREE • Drilling is oriented local grid west, inclined at -60o. Local grid west equates to MGA bearing of 282o. Orientation of mineralization is inferred from the Lady Gladys deposit to the south. • The westerly inclined drilling is appropriate for the almost flat to shallow east dipping interpreted ore zones. MT IDA • Drilling is predominantly at -60otowards the north-west. This orientation is considered suitable for the near vertical north-east striking geology and deposit. • The mineralized structure at Riverina is narrow. It is possible that RC sampling at a minimum of 1m down hole length may have included some footwall and hanging wall waste and not be representative of the mineralised structure alone. CALLION • All holes are drilled to the west at -60 inclination. This is appropriate for near vertical north-south striking mineralized structure. GREAT OPHIR • Holes are drilled vertically. This is appropriate for a shallow north dipping ore zone. LIGHTS OF ISRAEL • Holes are drilled vertically. This is appropriate for a shallow north plunging ore zone.

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Criteria	JORC Code explanation	Commentary
Sample security	• The measures taken to ensure sample security.	SANDKING/MISSOURI • Unknown for all drilling. BLACK RABBIT • Unknown for all drilling. RIVERINA SOUTH • Unknown for all drilling. RIVERINA • Unknown for all drilling. MULLINE/PEACHTREE • Unknown for all drilling. MT IDA • Unknown for all drilling. CALLION • Unknown for all drilling. GREAT OPHIR • Unknown for all drilling. LIGHTS OF ISRAEL • Unknown for all drilling. WAIHI • Unknown for all drilling.

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Criteria	JORC Code explanation	Commentary
Audits or reviews	• The results of any audits or reviews of sampling techniques and data.	SANDKING/MISSOURI • 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. BLACK RABBIT • Digital data from two sources has been reviewed and found to be consistent. RIVERINA SOUTH • Verification of digital data with hard copy reports. RIVERINA • Verification of digital data with hard copy reports. MULLINE/PEACHTREE • Verification of digital data with hard copy reports. MT IDA • The only known review is that conducted by Golders in February 2003 on the “Geology. Sampling techniques and data at Baldock Deposit” CALLION • There has been no external or company review of the sampling methods and data.

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Criteria	JORC Code explanation	Commentary
Audits or reviews (Cont)		GREAT OPHIR • There has been no external or company review of the sampling methods and data. LIGHTS OF ISRAEL • There has been no external or company review of the sampling methods and data WAIHI • Resource Evaluations Pty Ltd (REPL) completed a review of the preliminary Waihi resource estimate in December 2000. It was noted that data collection methods and estimation techniques all conform to industry standards and are appropriate to the mineralisation styles at Waihi

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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.	SANDKING/MISSOURI • The deposits lie in mining tenements M24/290, M24/352 and M24/39. M24/290 and M24352 are held by Siberia Mining Corporation, a wholly owned subsidiary of Eastern Goldfields Limited . M24/39 is held by Robert Charles Gardener and an agreement is in place that states Eastern Goldfields Limited owns the gold rights. The tenure was granted pre Native title. There are no royalties payable other than the 2.5% state royalty. BLACK RABBIT • Black Rabbit deposit lies in tenement M24/848, held by Siberia Mining Corporation, a wholly owned subsidiary of Eastern Goldfields Limited . At present there is a Native Title Claim lodged but not registered. The tenure is not subject to any royalty. RIVERINA SOUTH • Riverina South lies on mining tenement M30/178 held by Carnegie Gold Pty Ltd., a wholly owned subsidiary of Eastern Goldfields Limited . The tenement is subject to a gold royalty payable to Malanti Pty Ltd. of $10 per ounce up to $1,000,000.

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Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status (Cont)		RIVERINA • Riverina underground deposit lies on Tenements M30/16, M30/60 and M30/98, all held (100%) by Carnegie Gold Pty Ltd., a wholly owned subsidiary of Eastern Goldfields Limited . • The tenure is not subject to any royalty. • There currently exists a 400m radius exclusion buffer around the Riverina Pastoral Station homestead. MULLINE/PEACHTREE • Mulline / Peachtree lies on tenements M30/48, M30/59, M30/122, M30/34, M30/7, M30/109 and E30/336, all held (100%) by Carnegie Gold Pty Ltd., a wholly owned subsidiary of Eastern Goldfields Limited. • The tenure is not subject to any royalty. MT IDA • Dave Lode (Baldock) deposit lies on Tenements M29/2. The registered holder is International Petroleum Ltd, with the beneficial holder of Mt Ida Gold Pty. Mt Ida Gold is a wholly owned subsidiary of Siberia Mining Corporation, which in turn is a wholly owned subsidiary of Eastern Goldfields Limited. • A royalty of 1% of all gold produced from the tenement excluding the first 100,000 ounces of gold is payable to Mobile Gold Mining Pty Ltd. The royalty is capped at the delivery of $4 million worth of gold.

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Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status (Cont)		CALLION • Callion project lies on Tenement M30/103 held by Carnegie Gold Pty. Ltd., a wholly owned subsidiary of Eastern Goldfields Limited. • A royalty is payable to Crown at a variable rate: a) a base rate of $1.00 per tonne; b) an additional royalty of $1.50 per tonne in addition to the royalty in (a) above, where the Reconciled Average Gold Grade is greater than 3.0 grams per tonne but less than 4.0 grams per tonne; c) an additional royalty of $1.50 per tonne in addition to the royalty in (b) above, where the Reconciled Average Gold Grade is greater than 4.0 grams per tonne but less than 7.0 grams per tonne; and d) an additional royalty of $1.50 per tonne in addition to the royalty in (c) above, where the Reconciled Average Gold Grade is greater than 7.0 grams per tonne. GREAT OPHIR • Great Ophir lies on mining tenement M30/73 held by Carnegie Gold Pty Ltd., a wholly owned subsidiary of Eastern Goldfields Limited. LIGHTS OF ISRAEL • Lights of Israel lies on mining tenements M30/01, M30/132, M30/44 and M30/73 all held by Carnegie Gold Pty Ltd., a wholly owned subsidiary of Eastern Goldfields Limited. WAIHI • Waihi lies on mining tenements M30\74, M30\72 all held by Carnegie Gold Pty Ltd., a wholly owned subsidiary of Eastern Goldfields Limited. • The tenure is not subject to any royalty.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Exploration done by other parties (Cont)	• Acknowledgment and appraisal of exploration by other parties.	SANDKING/MISSOURI • Sandking/Missouri – Holes drilled by Western Mining Corporation between 1984 and 1988. WMC assay techniques and internal checks are not available for review. Data collection and record keeping were good and are assumed to be of an acceptable standard given the company involved. BLACK RABBIT • All holes drilled by Siberia Mining Corporation between 2003 and 2005. Drilling methods, sampling procedures and assay techniques were all well documented and appropriate for the style of mineralization. RIVERINA SOUTH • RRC holes completed by Malanti Pty Ltd. In 1996. Field sampling procedures and assay techniques well documented and to industry standards. • RV holes drilled by Aztec Exploration Limited in 1987. Field procedures not documented. Assay methods appropriate and hardcopy lab reports available. RIVERINA • RD series diamond holes drilled by Riverina Gold NL. in 1987/1988. Field procedures not documented. Assay methods appropriate. • BRV series RC holes drilled by Barra Resources in 2001/2002. Field procedures not documented. Assay methods appropriate.

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Criteria	JORC Code explanation	Commentary
Exploration done by other parties (Cont)		RIVERINA • RD series diamond holes drilled by Riverina Gold NL. in 1987/1988. Field procedures not documented. Assay methods appropriate. • BRV series RC holes drilled by Barra Resources in 2001/2002. Field procedures not documented. Assay methods appropriate. MULLINE/PEACHTREE • 97MRB and 97MRC series holes drilled by Consolidated Gold NL. during 1997. Field procedures not documented. Assay methods appropriate. • MERC038 drilled in 2000 by Croesus Mining NL. Field and assay procedures well documented and considered appropriate. MT IDA • RC holes TIC001 to TIC177 were drilled in 2001/2002 by Hamill Resources Ltd. Holes TIC178 to TIC214 were drill by IGL in 2003. Holes TIC223 to TIC268 were frilled in 2004 by Hamill Resources LTD. • Diamond holes TID001 to TID009 were drilled in 2001/2002 by Hamill Resources Ltd. Holes TID010 to TID014 were drill by IGL in 2003. • Diamond holes IDD001 to IDD008 were drilled in 2006 by La Mancha Resources, Australia Pty. Ltd.

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Criteria	JORC Code explanation	Commentary
Exploration done by other parties (Cont)		• Hamill field procedures reviewed by Golder Associates in 2003 and considered appropriate. • La Mancha field procedures not documented. CALLION • All deep diamond holes were drilled by Lubbock & Associates between 1984 and 1987. Lubbock & Associates also completed extensive RC and RAB drilling, costeaning and underground mining at the deposit. Field procedures were not documented and pertinent information intermittently recorded. GREAT OPHIR • RCLI series holes were drilled by Bardoc Gold Pty. Ltd. during 1993. Exploration appears to have been conducted to industry standards of the time. • ORC549A & DDGO012 holes – No data available. LIGHTS OF ISRAEL • PDLI series holes and RAB were drilled by Aberfoyle during 1993 and 1994. Exploration appears to have been conducted to industry standards of the time. WAIHI • Multiple companies have explored Waihi between 1983 and 2010. The dominate periods of exploration were carried out by • Consex (113 RC holes between 1988-1989) and • ConsGold (204 RC holes and 25 DD holes between 1995-1999) • Exploration appears to have been conducted to industry standards of the time.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Geology	• Deposit type, geological setting and style of mineralisation.	SANDKING/MISSOURI • Sandking - The mineralisation is hosted by fine grained thoeliite basalt. In the eastern end of the pit, there is a contact between the thoeliite and an ultramafic unit. Mineralisation appears to be poorly developed in the ultramafic, if present at all. Both the basalt and ultramafic are cut by granitic porphyries. Some of the porphyry is mineralised, while others appear to cross-cut/ stope -out the gold mineralisation. The mineralisation is an en-echelon series of lodes, developed preferentially in the basalt as a result of rheology contrast. The gold mineralisation at Sand King is hosted within biotite-pyrite alteration haloes around quartz vein arrays, varying from centimetres to several metres wide. Overall the mineralisation at Sand King dips steeply towards the NW/NNW. • Missouri - The Missouri deposit is hosted in tholeiitic basalt (Missouri Basalt). Weak chlorite alteration (+/- carbonate) is evident. Cross-cutting the basalt (and mineralisation) are feldspar- biotite-hornblende porphyries striking NNE. Mineralisation is structurally controlled with 2 main trends: o Moderate dipping (35-500) to the north-east quartz veins and shears with intense biotite and pyrite alteration. o In the south, steep east-west striking quartz veins host the mineralisation.

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Criteria	JORC Code explanation	Commentary
Geology (Cont)		BLACK RABBIT • Archaean mafic and ultramafic rocks with in-situ shallow – moderate weathering over mafic rocks and extensive deep weathering over ultramafic schist rocks. The Black Rabbit deposit is apparently controlled by a narrow, planar, north-south striking, easterly dipping shear zone hosted within brittle mafic rocks. This is characterized by strong foliation of mafic mineralogy. Within this planar zone, a north-easterly plunging and south-easterly plunging shoot have been identified that are located within the broader, easterly dipping planar surface. RIVERINA SOUTH • Deposit geology characterized by steep dipping north-south trending sequence of basic volcanics and mafic tuffaceous sediments between ultramafic intrusives. Mineralisation is associated with north- south trending shear zones with associated quartz, sulphides, silica and biotite alteration. RIVERINA • The geology of the Riverina Mine area consists of a sequence of meta-basalts with minor meta-sediments and meta-ultramafics that have a northerly strike and sub-vertical to steep east dip. The area has been affected by upper greenschist to lower amphibolite grade metamorphism with many minerals exhibiting strong preferred orientations. All rock units are foliated with shear zones common. The most intense shear zones have been locally referred to as mylonite zones. Contemporaneous strike faults and late stage faults have dislocated these mylonite zones

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Criteria	JORC Code explanation	Commentary
Geology (Cont)		The Riverina mineralization is mainly associated with two intensely sheared mylonite zones. The mylonite zones are locally affected by strike faulting (sub-parallel to the mylonite zones), cross faulting and low angle faults and joints. Gold mineralisation is intimately associated with quartz veining and sulphides within a broader mylonite zone that also contains non-mineralised parallel quartz veins. The mylonite zones are about 1.5 metres wide and consist of silica and biotite alteration with minor sericite, ankerite, and albite. Pyrite is the most common sulphide and often replaces pyrrhotite. Lesser amounts of arsenopyrite, galena, sphalerite, and chalcopyrite also occur within the mineralised system. Gold occurs as native gold in grains between 0.002 and 0.1mm diameter. MULLINE/PEACHTREE • The Mulline area is bounded to the west by batholithic granite and to the east by the Mt Ida Fault. The geology in the area comprises a sequence of north to NW-trending tholeiitic basalts intruded by coarser grained dolerites and gabbros. Late-stage monzogranite and quartz feldspar porphyries intrude the sequence. Proterozoic dykes strike east west through the area. Structurally the area is dominated by the Mt Ida Fault and several major 040-050º striking features offset the stratigraphy

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Criteria	JORC Code explanation	Commentary
Geology (Cont)		Based on drill hole interpretations there appears to be broad open folding of the greenstones possibly controlled by underlying granitic stocks. Several styles of bedrock gold mineralisation have been identified that appear to be partly controlled by regional 320 - 340º structures. At Lady Gladys and Lady Jane gold mineralisation is associated with broad east dipping stratiform zones within chloritic horizions and interpillow voids within the tholeiitic basalt sequence. In addition steeper dipping, south plunging quartz-sulphide ore shoots strike sub-parallel to the stratigraphy (010º). MT IDA • The geology of the Baldock deposit has been well defined through historic mining activities surrounding the deposit. The Baldock lode is located within an Anorthosite which inturn is located within an amphibolite. The intruded Anorthosite has been variably altered post deposition with the presence of significant sausserization and pegmatites within the unit. • Mineralisation is associated with narrow, high grade quartz veins within shear zones hosted predominantly by mafic volcanics (amphibolite). Shear orientation ~340odipping 70o-80oW.

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• Criteria JORC Code explanation Commentary Geology CALLION (Cont) • The Callion area lies within a North-North-West striking Archean greenstone belt, in which the dominant lithological unit is dense finegrained metabasalt (amphibolite) with sub-ordinate pyroclastic and metasediments. The metabasalts, generally steeply easterly dipping, are the host for numerous quartz bearing shear zones, the most significant of which is a Callion Shear Zone.

• • Gold mineralization comprising free gold in the oxidized zone and sulphide ore below it occurs within the quartz veins in a series of south-plunging shoots.

• • In addition, at least two laterite-hosted gold deposits are known in the area. The gold within the laterites appears to have been derived from auriferous quartz veins at shallow depth.

GREAT OPHIR

• Gold mineralization is hosted in a biotite altered sheared mafic schist within mafic amphibolites. The amphibolite is predominantly fine grained, strongly foliated and rodded. The foliation strikes approximately 340[o ] with moderate to steep west dips. Rodding plunges 20[o] north along the foliation plane.The biotite altered, mineralized schist grades downhole into a basal QFL (“quartz feldspar lode” This QFL can be up to 9m thick and gold tenor correlates well with alteration intensity, sulphide content and QFL.

• ,

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Criteria	JORC Code explanation	Commentary
Geology (Cont)		LIGHTS OF ISRAEL • Gold mineralization is hosted in a biotite altered sheared mafic schist within mafic amphibolites. The amphibolite is predominantly fine grained, strongly foliated and rodded. The foliation strikes approximately 340owith moderate to steep west dips. Rodding plunges 20onorth along the foliation plane.The biotite altered, mineralized schist grades downhole into a basal QFL (“quartz feldspar lode” This QFL can be up to 9m thick and gold tenor correlates well with alteration intensity, sulphide content and QFL WAIHI • Multiple narrow zones and broader alteration haloes in altered tremolite schist and basalt. Zones trend north south and dip steeply west (75o). Overall north (up to 40o) plunge to mineralisation.

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Criteria	JORC Code explanation	Commentary
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 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.	• Refer to Appendix A for the drillhole summary data.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Data aggregation methods	• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high 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.	SANDKING/MISSOURI • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used. BLACK RABBIT • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used. RIVERINA SOUTH • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used. RIVERINA • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used. MULLINE/PEACHTREE • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Data aggregation methods (Cont)		MT IDA • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used. CALLION • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used. GREAT OPHIR • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used. Individual sample grades are not top-cut. Intercepts are selected based on 0.5g/t cut-off and up to 2m internal waste. LIGHTS OF ISRAEL • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used. Individual sample grades are not top-cut. Intercepts are selected based on 0.5g/t cut-off and up to 2m internal waste. WAIHI • All Intercepts are length weighted. This is the sum of the products of the down hole assay lengths and grade divided by the total length. Individual sample grades were not cut. Only Original assays were used. Intercepts are selected based on 1.0g/t cut-off and up to 2m internal waste.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Relationship between mineralisation widths and intercept lengths	• These relationships are particularly important in the reporting of Exploration Results. • 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’).	SANDKING/MISSOURI • All drill holes are approximately perpendicular to the strike of the ore body and most are inclined at -60ofrom horizontal. At Sandking drill holes intersect the ore body at roughly 30oso ore widths are roughly half the drill intercept width. At Missouri drill holes intersect the ore body at roughly 60oso ore widths are roughly 80% of intercept widths. All intercept lengths are down hole lengths. BLACK RABBIT • Drilling is almost perpendicular to the interpreted ore geometry. Down hole widths are similar to true widths. All intercept lengths are down hole lengths. RIVERINA SOUTH • Drilling is oriented perpendicular to the mineralistion and intersects it at a relatively low angle of approx. 30o. True ore widths are roughly half the intercept width. All intercept lengths are down hole lengths. RIVERINA • Drilling is oriented perpendicular to the mineralistion and intersects it at a relatively low angle of approx. 30o. True ore widths are roughly half the intercept width. All intercept lengths are down hole lengths.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Relationship between mineralisation widths and intercept lengths (Cont)		MULLINE/PEACHTREE • The westerly inclined drilling is appropriate for the almost flat to shallow east dipping interpreted true ore zones. Down hole ore widths approximate true ore widths. All intercept lengths are down hole lengths. MT IDA • All drill holes are approximately perpendicular to the strike of the ore body and most are inclined at -60ofrom horizontal. Drill holes intersect the ore body at roughly 30oso true ore widths are roughly half the drill intercept width. CALLION • All drill holes are approximately perpendicular to the strike of the ore body and are inclined at -60ofrom horizontal though some holes flattened with depth. Drill holes intersect the ore body at roughly 30oso true ore widths are roughly half the drill intercept width. GREAT OPHIR • Drill holes are vertical. This is appropriate for a shallow north dipping ore zone. Intercept lengths are down hole lengths. LIGHTS OF ISRAEL • Drill holes are vertical. This is appropriate for a shallow north dipping ore zone. Intercept lengths are down hole lengths. WAIHI • Deposit geometry is sub-parallel to local grid which is currently in use; Drilling predominantly inclined at 60oto the east, intersecting west dipping lodes. Intersections are within 40º of being perpendicular to mineralisation. • Intercept lengths are down hole lengths.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Diagrams	• Appropriate maps and sections (with scales) 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.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Balanced reporting	• Where comprehensive reporting of all 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.	• Drill hole grades have been reported accurately, clearly identified with the drill hole attributes and ‘From’ and ‘To’ depths.

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Other substantive exploration data	• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	• All areas have been drilled out by RC and Diamond methods to a level that either: o Established a resource/reserve that was deemed adequate to proceed with mining at the time; o Established a compliant resource under the JORC 2004 code o Established a reasonable level of confidence in the geological and grade continuity. • The following deposits have been mined with no noted metallurgical issues: o Callion o Great Ophir o Callion o Riverina o Sand King o Missouri o Mt Ida

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Appendix C – JORC Code Reporting Exploration Results

Criteria	JORC Code explanation	Commentary
Further work	• The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step- out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	• Confirmatory RC and diamond drilling to be undertaken on all deposits to increase confidence in historical data • Extensional RC and diamond drilling to increase resources.

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