ORBMINCO LIMITED — Interim / Quarterly Report 2014

Feb 1, 2015

AusROC Metals Ltd

31 January, 2015

ASX Release

By e-lodgement

Quarterly Activities Report December 2014

The Directors of AusROC Metals Limited (ASX: ARK) (“AusROC”or “the company”) are pleased to present the quarterly activities statement for the quarter ended 31 December 2014.

Shenglong acquisition

During the quarter the company made a number of announcements concerning the amendments to the original binding term sheet it entered into to acquire a 77.58% interest in Shenglong International Investment Limited (“Shenglong”). We refer readers to the ASX announcement on 6 January 2015 when the company announced the most recent amendment to the agreement and that it had paid the first instalment to the vendor and had earned its initial project equity.

The Binding Term sheet, originally signed and announced to the market on 5 September 2014 outlined the terms for AusROC to acquire up to 77.58% interest in Shenglong. AusROC is pleased to advise that it has amended the previously announced deal on the following terms:

1. Deposit of US$1 million (already paid)

2. On or before 31 December 2014 a payment of US$1 million which has been paid. AusROC acquired a 1.50% interest in Shenglong. (paid)

3. On or before 15 January 2015, payment of US$0.5 million (paid). AusROC will upon payment, have acquired 1.88% of Shenglong.

4. On or before 31 January 2015, payment of US$4 million. AusROC will upon payment, have acquired 4.88% of Shenglong in total, and will also take management control of the project and Company - and be entitled to a 77.58% interest in all profits of Shenglong moving forward.

5. On or before 28 February 2015 a payment of US$5 million. AusROC will have acquired 8.63% of Shenglong.

6. On or before 15 April 2015 a payment of US$5 million. AusROC will have acquired 12.38% of Shenglong.

7. On or before 15 June 2015 a payment of US$5 million. AusROC will have acquired 16.13% of Shenglong.

8. On or before 31 August 2015 a payment of US$5 million. AusROC will have acquired 19.88% of Shenglong.

9. On or before 30 October 2015 a payment of US$5 million. AusROC will have acquired 23.63% of Shenglong.

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

1. On or before 30 August 2016 a payment of US$33 million. AusROC will have acquired 48.38% of Shenglong.

2. On or before 30 August 2017 a payment of US$38.94 million. AusROC will have acquired 77.58% of Shenglong.

3. Should AusROC not make the payment of US$33 million by 30 August 2016, it can still make the full payment of US$71.94 million by 1 March 2017 and not be in breach of the terms of this agreement.

4. AusROC has first and last rights over the vendors remaining 22.42% ownership of Shenglong.

The overall percentages and quantum of the deal remain the same as that approved by shareholders at the AGM in November 2014. The previous amendment to the Binding Term Sheet announced on 20 November 2014, provided for AusROC to pay the initial payment of US$49 million to the vendor over four instalments from 1 December 2014 until 2 April 2015.

Acquisition Financing

The company has been funding the Shenglong acquisition through debt facilities it has negotiated over the past 6 months. During the quarter (26 November 2014) the company announced that it had completed the registration of its unsecured corporate bond offering. To date $AUD$13 million of these bonds have been traded with cash settlement scheduled on or before 6[th] February 2015.

The company is also planning to offer a further AUD$17 million of bonds for trade. This will take the total bonds traded to AUD$30 million.

The company is also in advanced negotiations with a lender for a US$10 million, 12 month debt facility which will assist in trade finance for Moubiri production. Further details of the arrangement will be provided this week when the negotiations are scheduled to be completed.

Recompliance with Chapters 1 &2

AusROC is now in the process of re-complying under chapters 1 & 2 of the ASX listing rules. This involves inter alia, a capital raising of $4.28 million by issuing 214 million shares at 2 cents per share (on a consolidated basis). At this stage the Company will have approximately 500 million ordinary shares on issue at a recompliance price of 2 cents. The Company plans to have this raising fully underwritten and is currently in the process of finalising the prospectus and the underwriting agreement.

The Company had planned to lodge the prospectus and documents by Wednesday 14[th] January 2015. This has been delayed and will happen this month. Re-listing under prospectus usually takes up a minimum of 4 weeks so it is envisaged the company will re-list in March 2015.

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

Project update

During the quarter the company announced that it has received the results of assays of the DSO stockpile at the Shenglong Investments International Ltd (“Shenglong”) Moubiri mine.

The assays, carried out by Bureau Veritas Commodities Canada Ltd of Vancouver, Canada, were performed on samples taken from the existing DSO stockpile at the Moubiri mine.

The purpose of the assays were;

• (i) to verify the grades and specifications of the DSO stockpile with the grades and specifications of DSO that had been sent by Shenglong to China for sale/processing in two previous shipments; and

• (ii) to provide grade specifications across multi elements for analysis by possible off take providers.

These results closely match and confirm the grade of the previous DSO shipments by Shenglong to China for sale/ processing.

Table 1: Stockpile Sample Grades

Sample	Zn%	Pb%	Combined Zn/Pb%	Cu%	Ag g/t
MBSP14001	28.51	17.81	46.32	6.675	84
MBSP14002	25.33	21.21	46.54	3.18	71
MBSP14003	18.33	16.09	34.42	10.131	115
MBSP14004	26.04	19.68	45.72	4.693	75
MBSP14005	21.99	21.09	43.08	6.09	91
MBSP14006	20.36	20.16	40.52	5.196	88
MBSP14007	29	20.69	49.69	2.532	56
MBSP14008	13.86	18.25	32.11	12.8	134
MBSP14009	15.71	17.92	33.63	8.149	108
MBSP14010	16.56	33.61	50.17	5.831	144
MBSP14011	14.25	11.94	26.19	5.436	48
MBSP14012	21.03	22.65	43.68	8.109	118
MBSP14013	27.27	21.57	48.84	3.58	68
MBSP14014	23.61	19.87	43.48	5.312	81
MBSP14015	18.48	17.62	36.1	5.07	70
MBSP14016	19.38	15.42	34.8	2.382	52
MBSP14017	29.94	15.57	45.51	0.955	41
MBSP14018	20.64	19.71	40.35	5.063	73
MBSP14019	26.77	29.66	56.43	3.244	68
MBSP14020	34.48	13.35	47.83	2.575	49

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

Average 22.577 19.6935 42.2705 5.35015 81.7

The company also released the first drill core assay results from the Moubiri due diligence program.

Shenglong previously drilled 14 diamond core holes for a total of 2,688 metres during 2013 of which 2 key holes intercepted the Moubiri production ore body. As part of AusAmerican’ s due diligence program the company has logged the drill holes, supervised analyses by handheld XRF and the cutting/sampling of the drill core. The preliminary XRF results were released on 23 Oct. 2014. The drill core was assayed by Acme Laboratories (Vancouver) by 4 acid digest with an ICP finish and consistently returned higher copper grades than the original XRF results. Major intersections are as follows:

Hole Id	From	To	Interval (m)	True Width (m)	Cu %	Pb %	Zn %	Ag g/t
ZK13040 1	38.4	55.1	16.7	7.3	11.0	0.6	2.1	33.5
ZK13040 1	85.1	93.65	8.55	3.8	11.9	29.6	19.4	159.2
MZK007	7.0	11.0	4	1.8	13.2	-	-	20.5
MZK007	25.9	41.6	15.7	6.9	9.0	-	-	116.4
MZK011	27.0	59.0	32	14.1	2.0	-	-	-

Table 1: Major drill intersections from Moubiri diamond drill core

Hole Id	From	To	Interval (m)	True Width (m)	Cu %	Pb %	Zn %	Ag g/t
ZK13040 1	38.4	55.1	16.7	7.3	11.0	0.6	2.1	33.5
ZK13040 1	55.1	78.1	23.0	10.1	0.2	2.1	4.1	5.9
ZK13040 1	85.1	93.65	8.55	3.8	11.9	29.6	19.4	159.2
MZK002	122.7	131.7	9.0	4.0	0.8	4.4	0.4	4.6

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400

Web: www.ausamerican.com

AusROC Metals Ltd

MZK003	181.0	184.0	3.0	1.3	3.5	0.3	0.5	-
MZK004	88.0	97.5	9.5	4.2	6.2	-	-	10.2
MZK004	105.5	110.4	4.9	2.2	1.6	-	-	-
MZK004	120.4	128.2	7.8	3.4	0.4	4.4	3.8	8.4
MZK005	Hole Abandoned – Did Not Reach Target
MZK006	179.6	184.9	5.3	2.3	1.4	-	-	-
MZK007	7.0	11.0	4	1.8	13.2	-	-	20.5
MZK007	25.9	41.6	15.7	6.9	9.0	-	-	116.4
MZK008	No Significant Assays – Testing IP Target
MZK009	No Significant Assays –Testing IP Target
MZK010	No Significant Assays – Did Not Reach Target Depth
MZK011	27.0	59.0	32	14.1	2.0	-	-	-
MZK012	No Significant Assays – Testing IP Target
MZK013	Hole Abandoned– Did Not Reach Target
MZK014	No Significant Assays

Table 2 – Drill hole intersections

Sale of Rio Puerco uranium asset

During the quarter the sale of the Rio Puerco uranium asset was completed. The company received AUD$200k proceeds for this sale in January 2015. The company retains a 20%, two year free carry on the project.

Sincerely,

Jim Malone CEO & Company Secretary

For further information, please contact:

Jim Malone CEO/Company Secretary +61 8 9488 5220

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

Competent Persons Statement

The information in this document that relates to exploration results is based on information compiled by Richard Holmes, who is a Member of the Australian Institute of Mining and Metallurgy. Mr. Holmes is a full-time employee of AusAmerican Mining and has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2012 edition of the “Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Holmes consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Appendix 2 JORC Code, 2012 Edition

Section 1 Sampling Techniques and Data

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	• Diamond drilling was utilised to produce NQ core (47.6mm diameter) • Industry standard QA/QC protocols were applied to the sampling of the drill core •Good quality NQ core was obtained, the core was split and weighed, dried, crushed and pulverised at a commercial laboratory for analysis by 4 acid digest with an ICP finish

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

Criteria	JORC Code explanation	Commentary
	that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.
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).	•Historical drilling completed by Shenglong Investments International recovering NQ (47.6mm diameter) from standard core tubes. All drilling is vertical and therefore no orientation available.
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	•Diamond core is measured and length of core recovered recorded in an excel spreadsheet. •Overall recoveries are >90%. Significant core loss does occur in the upper parts of the hole in regolith zone. •Recovery is high within mineralised zones and no

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

Criteria	JORC Code explanation	Commentary
	occurred due to preferential loss/gain of fine/coarse material.	recovery/grade relationship ie bias, is present.
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.	•Detailed geological logs have been carried out on all diamond drill holes. •Geologic logging is carried out on the core and recorded as qualitative description of colour, lithology type, grain size, structures, minerals, alteration and other features. •All drill core is photographed using a digital camera. •Geotechnical logging comprises recovery measurements.
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	•Core is manually split and half core submitted for assaying •N/A •Samples prepared by Acme Lab method PRP70-250. Crush 1 kg to >70% passing 2mm and pulverize 250 g >85% passing 75μm. • Drill core is split and half core submitted for assaying. •The remaining half core is retained as an important control as it allows assay values to be determined against the actual geology. No resampling of quarter core or duplicates has been done at this stage of the project.

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

Criteria	JORC Code explanation	Commentary
	duplicate/second-half sampling. •Whether sample sizes are appropriate to the grain size of the material being sampled.	•No study of heterogeneity or grain size of material being sampled has been undertaken to date.
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.	•Acme Labs (Vancouver) analysis of 24 elements by 4 acid digest using method MA370 (ICP-ES) on a minimum 1g. Where samples reported >10% Pb samples were re- assayed using MA371 on a minimum of 0.5g •N/A •The laboratory used standard calibrations and included reference standards throughout the analytical processes, and these data are available and provided to the Company. AusAmerican also submitted blanks and certified reference material on industry standard practices

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

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.	•Richard Holmes, (member of AusIMM) the COO of the company (AIW) has visually verified the significant intersections in the diamond core. •No twinned holes have been undertaken •Primary data was collected both manually and electronically. Data is imported in the field onto a laptop computer. Data is transferred to both JV parties. •No adjustment to assay data
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.	•Not Applicable. Hand held GPS used to determine collar locations at this stage. •Grid system is WGS84 Zone 33S •Topographic survey completed by hand held GPS considered adequate.
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.	•Data spacing is variable. •Data is not intended to be used for estimating a mineral resource as current spacing/density does not establish geological/grade continuity •No sample compositing will be applied.

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

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.	•The deposit strikes about 90 degrees and dips at between -65 and -75 to the South. The historical drill holes are all vertical which results in elongated down hole intersections. True widths have been calculated and included in the press release. •No orientation based sampling bias has been identified in the data to date.
Sample security	•The measures taken to ensure sample security.	•Samples were dispatched from site and delivered to an internationally recognised courier by AusAmerican staff.
Audits or reviews	•The results of any audits or reviews of sampling techniques and data.	•None undertaken.

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

Section 2 Reporting of Exploration Results

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.	•Mining project is 90% owned by Societe Lulu de Mine which is 100%subsiduary of Shenglong International Investment Ltd. The company holds an option to purchase up to 77.5% of Shenglong International Investment Ltd for a total of US$103.44m over a 2 year period. •The Moubiri project is located within the M’Passa-Moubiri exploitation licence, which is valid until 2036. •The tenements are in good standing and no known impediments exist.
Exploration done by other parties	•Acknowledgment and appraisal of exploration by other parties.	•Historical exploration undertaken by the BRGM in the 1960’s. No detail or technical information currently available.
Geology	•Deposit type, geological setting and style of mineralisation.	•Structurally controlled Cu/Pb/Zn/Ag deposit. •Geological setting is Neoproterozoic aged sandstones and limestones of the West Congolian Supergroup. Mineralisation is located on the faulted contact of a limestone and sandstone. Further copper mineralisation is hosted within sandstones; controls are not yet established.

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

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 ASX Announcement dated 23rdOctober
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.	•Reported assay results are length weighted average of the assays contained within an intercept. •Reported intersections are based on a nominal 0.5% Cu cut off and no uppercut applied. •No internal high grade results are reported. •No metal equivalents are reported.

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

Criteria	JORC Code explanation	Commentary
Relationship between mineralisatio n 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’).	•The historical drill holes are vertical and the ore body is steeply dipping. This results in elongated down hole intersections. True widths have been calculated and included in the press release.
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.	•Refer to ASX Announcement dated 23rdOctober
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.	•Reporting of results is considered balanced as all assay results have been reported.
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.	•No information is currently available detailing BRGM exploration conducted during the 1960’s. •Shenglong International Investment Ltd is currently undertaking small scale mining and has completed a number of shipments of DSO material – see press release dated 5thSeptember 2014 for further details.

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com

AusROC Metals Ltd

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.	•Systematic drilling is required to fully understand and delineate the deposit.

AusROC Metals Ltd ABN 99 073 155 781 Ground Floor, 1 Havelock Street, West Perth, WA 6005 PO Box 1788, West Perth, WA, Australia, 6872 Telephone: (08) 9488 5220 Facsimile: (08) 9324 2400 Web: www.ausamerican.com