DECEMBER 2016 QUARTERLY REPORT 31 JANUARY 2017

Peel Mining Limited ASX code: PEX

ACN: 119 343 734

Unit 1, 34 Kings Park Rd West Perth, WA 6005

Ph: (08) 9382 3955 Fax: (08) 9388 1025 E: [email protected] Web: www.peelmining.com.au

Contact: Rob Tyson Managing Director [email protected]

About Peel Mining Limited:

The Company's projects cover more than 5,000 km2 of highly prospective tenure in NSW and WA.
Mallee Bull is an advanced copperpolymetallic deposit that remains open in many directions.
Cobar Superbasin Project Farm-in Agreement with JOGMEC offers funded, highly-prospective and strategic greenfields exploration potential along with the exciting new Wirlong copper discovery.
Wagga Tank represents a polymetallic VHMS-type deposit with many significant intercepts; no drilling since 1989.
Apollo Hill hosts a major, protruding, shear-hosted, gold mineralised system that remains open down dip and along strike.
Attunga Tungsten Deposit is a high grade tungsten deposit.
151 million shares on issue for $26.5m Market Capitalisation at 31 Jan 2017.

Highlights for December quarter 2016

Initial drilling program at Wagga Tank confirms the prospect as a significant Zn-Pb-Ag-Cu-Au mineralised system. Better intercepts include:

o 12m @ 3.09% Cu, 97 g/t Ag, 1.36 g/t Au from 92m (WTRC001)
o 8m @ 8.54% Zn, 6.20% Pb, 134 g/t Ag, 1.45% Cu from 173m and 7m @ 5.75% Zn, 3.32% Pb, 43 g/t Ag, 0.40% Cu, 0.24 g/t Au from 230m (WTRCDD002)
o 25m @ 1.07% Cu, 8 g/t Ag, 0.27 g/t Au from 208m and 13m @ 5.02% Zn, 3.51% Pb, 46 g/t Ag, 0.29 g/t Au from 240m (WTRC003)
o 15m @ 8.49% Zn, 4.11% Pb, 114 g/t Ag, 0.31% Cu, 1.57 g/t Au from 280m (WTRCDD004)
o 33m @ 1.01% Cu, 0.27 g/t Au from 120m and 5m @ 6.60% Zn, 2.30% Pb, 55 g/t Ag, 0.40% Cu, 0.34 g/t Au from 295m (WTRCDD005)
o 17m @ 2.65 g/t Au, 0.54% Cu, 11 g/t Ag from 211m to EOH (WTRC013)
o 17m @ 3.18% Zn, 1.42% Pb, 30 g/t Ag, 0.26 g/t Au from 351m (WTRCDD016)

Drilling at Wirlong for potential oxide/supergene mineralisation returns further significant results:

o 9m @ 3.29% Cu, 18 g/t Ag from 71m (WLRC035)
o 7m @ 1.07% Cu, 4 g/t Ag from 99m (WLRC033)

Plans for March quarter 2017

Extensional drilling at Wirlong (recommenced at the time of reporting).
Completion of initial Wagga Tank drilling programme; 7 of 18 drillholes require extensions.
Mallee Bull work programme planning.

Exploration

Wagga Tank/Mount View Projects: Copper, Silver, Gold, Lead, Zinc; Western NSW (PEX 100%).

Targets**:** Cobar-style polymetallic mineralisation; Volcanogenic Massive Sulphide mineralisation.

Wagga Tank is a volcanic-hosted massive sulphide (VHMS) deposit located on the western edge of the Cobar Superbasin, ~130km south of Cobar and ~45km south-west of Mallee Bull. Historic drilling intersected significant polymetallic mineralisation interpreted to occur as sub-vertical elongate shoots/lenses within zones of brecciation and hydrothermal alteration. The area has been subject to minimal exploration since 1989.

Initial drilling was completed by Peel this quarter for a total of 18 RC drillholes (for 4,315m), five of which were extended with diamond tails (for 473m). The program has successfully confirmed the presence of high grade base and precious metal mineralisation originally identified at Wagga Tank. Better intercepts so far are listed below, with final assays for some drillholes still awaited. True widths are likely ~60-70% of the downhole widths based on the interpreted sub-vertical nature of mineralisation.

WTRC001 (271m) – complete

o 4m @ 2.40 g/t Au from 78m
o 12m @ 3.09% Cu, 97 g/t Ag, 1.36 g/t Au from 92m

WTRCDD002 (323.8m) – complete

o 10m @ 1.00% Cu, 0.11 g/t Au from 109m
o 7m @ 0.88% Cu, 0.08 g/t Au from 130m
o 8m @ 8.54% Zn, 6.20% Pb, 134 g/t Ag, 1.45% Cu from 173m
o 13m @ 3.73% Zn, 2.14% Pb, 29 g/t Ag, 0.30% Cu, 0.21 g/t Au from 225m (incl. 7m @ 5.75% Zn, 3.32% Pb, 43 g/t Ag, 0.40% Cu, 0.24 g/t Au from 230m)

WTRC003 (267m) – extension required

o 9m @ 0.74% Cu, 41 g/t Ag, 1.07 g/t Au from 141m
o 14m @ 0.86% Cu, 1.49% Pb, 35 g/t Ag, 0.19 g/t Au from 188m
o 25m @ 1.07% Cu, 8 g/t Ag, 0.27 g/t Au from 208m
o 13m @ 5.02% Zn, 3.51% Pb, 46 g/t Ag, 0.29 g/t Au from 240m followed by,
o 11m @ 11.7% Zn, 6.5% Pb, 67 g/t Ag, 0.3% Cu from 253m (as indicated by pXRF, assays pending)

WTRCDD004 (319m) – complete

o 17m @ 1.19% Cu from 128m
o 15m @ 8.49% Zn, 4.11% Pb, 114 g/t Ag, 1.57 g/t Au, 0.31% Cu from 280m

WTRCDD005 (378.4m) – complete

o 33m @ 1.01% Cu, 0.27 g/t Au from 120m
o 5m @ 0.97% CU, 0.37 g/t Au from 165m
o 5m @ 1.39% Zn, 2.18% Pb, 33 g/t Ag, 0.32% Cu, 0.04 g/t Au from 205m
o 2m @ 2.15% Cu, 45 g/t Ag, 0.8 g/t Au from 224m
o 5m @ 6.60% Zn, 2.30% Pb, 55 g/t Ag, 0.40% Cu, 0.34 g/t Au from 295m

WTRC006 (211m) – possible extension required

o 4m @ 2.20% Zn, 0.55% Pb, 7 g/t Ag from 165m
WTRC007 (174m) – complete
- o 1m @ 3.26 g/t Au from 79m
WTRC009 (210m) – possible extension required
- o 4m @ 1.34% Cu, 0.29 g/t Au from 78m
- o 15m @ 1.42% Zn, 0.19% Pb, 6.5 g/t Ag from 176m
WTRC010 (216m) – extension required
- o 5m @ 1.21% Cu, 0.60 g/t Au, 20 g/t Ag from 200m

WTRC011 (210m) – extension required

o 7m @ 3.15 g/t Au, 1.1% Cu from 78m
WTRC012 (204m) – extension required

o 11m @ 0.87 g/t Au, 0.69% Cu, 14 g/t Ag from 193m to EOH

WTRC013 (228m) – extension required
- o 17m @ 2.65 g/t Au, 0.54% Cu, 11 g/t Ag from 211m to EOH (incl. 9m @ 4.30 g/t Au, 0.72% Cu, 14 g/t Ag from 211m)

WTRCDD015 (405.3m) - complete

o 5m @ 1.05% Cu, 0.8 g/t Au from 150m
o 16m @ 0.73% Cu, 0.28 g/t Au from 171m
o 14m @ 1.94% Zn, 0.99% Pb, 0.30% Cu, 20 g/t Ag from 225m
o 4m @ 0.97% Cu, 0.16 g/t Au, 12 g/t Ag from 262m

WTRCDD016 (392.5m) – abandoned, ended in mineralisation

o 10m @ 3.46% Zn, 0.97% Pb from 230m
o 9m @ 0.79% Cu, 0.26 g/t Au, 20 g/t Ag from 315m
o 6.5m @ 4.9% Zn, 1.79% Pb, 22 g/t Ag, 0.21 g/t Au from 330m
o 17m @ 3.18% Zn, 1.42% Pb, 30 g/t Ag, 0.26 g/t Au from 351m
o 0.4m @ 5.43% Zn, 3.75% Pb, 327 g/t Ag from 388.8m

As aforementioned, assays for drillholes WTRC017 (324m – extension required) and WTRC018 (252m – extension required) remain pending, however, preliminary portable XRF analysis has returned encouraging values. Extensional diamond drilling is to commence at Wagga Tank in the January quarter; at least 7 drillholes have shown indications of continued mineralisation at depth and require extensions.

Geophysics

A review of historic geophysics data at Wagga Tank revealed that previous airborne EM surveys had not covered the main prospect and immediate surrounding areas; a VTEM survey was subsequently completed in December to complete the dataset. Final data remained pending at the time of reporting.

Siegal's Shaft/MD-2

At the MD2 prospect, historic drillholes designed to test coincident geochemical and IP anomalies, returned substantial mineralised intervals hosted in massive sulphides, including:

14m @ 2.20% Zn, 0.85% Pb, 0.66% Cu, 0.49 g/t Au, 40.3 g/t Ag from 48m (incl. 3m @ 2.43% Zn, 0.94% Pb, 0.49% Cu, 0.6 g/t Au, 54.3 g/t Ag from 50m and 6m @ 3.41% Zn, 1.30% Pb, 1.11% Cu, 0.73 g/t Au, 55.2 g/t Au from 55m) in percussion hole SP1
1m @ 3.06% Zn, 2.16% Pb, 68 g/t Ag from 33.5m, 4m @ 1.09% Zn, 0.38% Pb, 0.84% Cu, 29.5 g/t Ag from 61.5m, 1m @ 4.44% Zn, 3.40% Pb, 0.80% Cu, 65 g/t Ag from 70m in diamond hole SD1
5m @ 0.92% Zn, 0.72% Cu, 19.8 g/t Ag from 27m (incl. 2m @ 1.10% Zn, 1.57% Cu, 30.5 g/t Ag from 28m, 4m @ 1.31% Zn, 0.71% Pb, 0.50% Cu, 37.3 g/t Ag from 33m, 4m @ 2.70% Zn, 1.22% Pb, 0.43% Cu, 56.8 g/t Ag from 35.5m in diamond hole SD4

During the quarter, Peel completed RC drillholes MD2RC002 and MD2RC003 designed to follow-up the historic shallow massive sulphide intercepts. Both drillholes returned significant zones of mineralisation which remain open at depth and along strike:

MD2RC002 (100m)

o 2m @ 0.69% Cu, 0.33 g/t Au, 10.3 g/t Ag from 31m
o 1m @ 0.38 g/t Au from 34m
o 4m @ 2.49% Zn, 1.31% Pb, 0.31 g/t Au, 41.8 g/t Ag from 51m (incl. 2m @ 4.44% Zn, 2.40% Pb, 0.5 g/t Au, 75.5 g/t Ag from 52m
MD2RC003 (84m)
- o 1m @ 0.58% Zn from 42m
- o 1m @ 0.58% Zn, 0.27% Pb from 51m
- o 7m @ 0.82% Zn, 0.38% Pb, 0.22 g/t Au, 16.2 g/t Ag from 64m (incl. 1m @ 1.86% Zn, 0.97% Pb, 0.39% Cu, 0.37 g/t Au, 31.1 g/t Ag from 64m

Figure 1 - MD-2 Drill Plan

Figure 2 - Wagga Tank Drill Plan

Cobar Superbasin Project: Copper, Silver, Gold, Lead, Zinc; Western NSW (PEX 100%).

Targets: Cobar-style polymetallic mineralisation; Volcanogenic Massive Sulphide mineralisation.

The Cobar Superbasin Project is subject to a Memorandum of Agreement with Japan Oil, Gas, and Metals National Corporation (JOGMEC), under which JOGMEC may earn up to 50% interest by funding up to $7 million of exploration. Details of the JOGMEC MoA can be found in Peel's ASX Announcement released on 30 September 2014. The Stage 1 expenditure commitments totalling $4 million were concluded in the September 2016 quarter, taking JOGMEC's interest in the project to 40%. Stage 2, for an additional 10% interest through the spending of $3 million, has commenced with activities at the Wirlong prospect.

Wirlong

The Wirlong prospect represents a very large, mineralised, hydrothermal system with a strike length of more than 2.5km. Recent exploration confirmed that the area is host to significant high grade copper mineralisation, which still remains open up- and down-dip and along strike. The December quarter saw the completion of an additional 9 RC drillholes (WLRC029 - WLRC037), of which the first eight were drilled to test for potential oxide copper mineralisation up-dip of previous significant intercepts. Multiple mineralised zones were returned from all drillholes, with better intercepts summarised below.

WLRC029 (156m)

o 1m @ 1.77% Zn from 72m
o 3m @ 0.87% Zn, 0.39% Cu from 85m
o 10m @ 0.64% Zn, 0.26% Cu from 91m
o 7m @ 0.53% Cu, 0.34% Zn from 111m
o 3m @ 0.94% Zn, 0.24% Pb from 119m
WLRC030 (156m)
- o 9m @ 0.47% Cu from 35m
- o 3m @ 0.43% Zn, 0.37% Cu from 106m
- o 4m @ 0.53% Zn, 0.30% Cu from 110m
- o 3m @ 0.43% Cu, 0.24% Zn from 115m
WLRC031 (162m)
- o 2m @ 0.81% Cu from 5m
- o 2m @ 0.85% Cu, 11.5 g/t Ag from 63m
WLRC032 (138m)
- o 6m @ 0.77% Cu from 106m incl. 2m @ 1.34% Cu from 108m
- o 3m @ 0.51% Cu from 113m
- o 2m @ 0.59% Cu from 118m
- o 6m @ 0.52% Cu from 127m

WLRC033 (126m)

o 3m @ 0.76% Cu from 28m,
o 1m @ 0.99% Zn, 0.38% Cu from 62m,
o 2m @ 1.28% Cu, 0.54% Zn from 67m,
o 2m @ 0.81% Cu from 99m,
o 3m @ 1.88% Cu, 7.6 g/t Ag from 103m

WLRC034 (150m)

o 9m @ 0.83% Zn, 0.30% Pb from 75m incl. 3m @ 1.15% Zn, 0.50% Pb, 7.2 g/t Ag from 78m
o 2m @ 2.00% Cu from 117m
o 1m @ 1.52% Cu from 122m
o 2m @ 0.85% Cu from 144m
o 2m @ 1.12% Cu from 147m

WLRC035 (150m)

o 3m @ 0.65% Cu from 56m
o 1m @ 2.15% Cu, 0.60% Zn, 13.6 g/t Ag from 63m
o 9m @ 3.29% Cu, 0.60% Zn, 18 g/t Ag from 70m
o 2m @ 0.85% Cu from 123m

WLRC036 (144m)

o 1m @ 1.13% Cu from 65m
o 1m @ 1.24% Cu from 76m
o 1m @ 0.99% Cu from 105m

Encouragingly, a number of holes have shown indications of continued mineralisation past the end-ofhole, and extensions are anticipated in the next quarter. Follow-up extensional drilling has commenced at the time of reporting.

At the southern end of the Wirlong prospect, RC drillhole WLRC037 was completed to test a gravity high anomaly interpreted to be approximately ~180m below surface. The drillhole was drilled from the west and collared ~400m south-west of drillhole WLRC022. WLRC022 was drilled in April 2016 to target the northern end of the same gravity anomaly, returning notable intercepts such as 1m @ 0.35% Cu, 1.30% Pb, 0.76% Zn, 29 g/t Ag from 172m and 1m @ 0.46% Pb, 0.95% Zn from 366m. Initial downhole surveys for WLRC037 show the modelled gravity target has been intersected and whilst chlorite alteration was noted in the hole, no significant mineralisation was found to be present.

Red Shaft

Approximately 4km SSE of Wirlong, 3 RC drillholes (for 1,098m) were completed at the Red Shaft prospect with the aim of intercepting additional Cu and Au mineralisation. Drillhole RSRC009 was drilled down dip of previous RC drillhole RSRC005 (drilled Nov 2015; 6m @ 0.28 g/t Au from 6m, 2m @ 0.44% Pb from 17m) to follow-up the significant intercepts and also to test both an arsenic surface geochemical anomaly and gravity high. RSRC009 passed through chlorite altered zones with disseminated sulphide mineralisation, returning a better intercept of 4m @ 0.48% Pb from 41m.

About 140m to the south-east of RSRC009, drillhole RSRC010 was drilled down dip of drillhole RSRC003 (Nov 2015; 4m @ 1.88 g/t Au, 0.35% Pb from 61m), and whilst silicic and chlorite alteration was noted throughout the hole, no significant gold or base metal mineralisation was encountered.

A further 115m to the south-east, drillhole RSRC011 was drilled down dip of RSRC007 (Nov 2015; 5m @ 0.76% Cu from 62m), returning a significant intercept of 2m @ 0.80% Pb from 61m.

Sandy Creek

Drilling also recommenced at the Sandy Creek prospect, where 2 RC drillholes were completed to further evaluate the potential southern extension of mineralisation and investigate a gravity high with an associated chargeability anomaly. RAB drilling over the area in late 2015 had returned several encouraging Pb and Zn intercepts, and RC drillholes PSCRC006 (150m) and PSCRC007 (200m) were drilled as follow-up to target potential shallow mineralisation. Final drilling data is still awaited for both holes, however, preliminary pXRF analysis has returned a few anomalous zones including 2m @ 0.58% Zn, 0.18% Pb from 119m, 2m @ 0.47% Zn, 0.35% Pb from 128m and 3m @ 0.43% Zn, 0.19% Pb from 142m in PSCRC007.

Figure 3 - Wirlong Drill Plan

Figure 4 - CSP Tenements & Prospects

Iris Vale & Armageddon

As at Wagga Tank, VTEM surveys were completed over the Armageddon prospect and the Iris Vale tenement, with preliminary data highlighting multiple anomalies for further investigation. At Iris Vale, a number of the anomalies appear to be coincident with areas of discrete and linear basement anomalies identified from the modelling of airborne magnetic survey data collected in October 2015. Areas of particular interest include the north-eastern portion of the Iris Vale tenement as well as the vicinity of the Marigold prospect along the western edge of the licence, where portable XRF sampling has also defined a surface Zn anomaly.

Approximately 40km to the south, the Armageddon prospect is defined by anomalous Cu-Pb-As gossanous rocks over a strong N-S magnetic low, along which a series of anomalies have been identified from the latest VTEM survey. The area is to be covered with a partial leach soil sampling program in the near future.

Bedooba

The Bedooba prospect is defined by a NE/SW trending magnetic anomaly with coincident gravity high and a substantial pXRF soil geochemical anomaly along strike to the north-east. A follow-up partial leach soil sampling program (506 samples) was completed in November 2016. Results not only substantiate the pXRF data but also extend the As, Pb, Sb and Bi soil anomaly a further 800m to the north-east. A followup 3-drillhole RC drilling program is planned.

Mallee Bull Project: Copper, Silver, Gold, Lead, Zinc; Western NSW (PEX 50% and Manager, CBH 50%). Targets: Cobar-style polymetallic mineralisation; Volcanogenic Massive Sulphide mineralisation.

The Mallee Bull project is a 50:50 Joint Venture with CBH Resources Limited (CBH). A maiden JORC compliant Mineral Resource estimate was completed in May 2014, details of which can be found in the announcement released 27 May 2014; "High Grade Copper Resource at Mallee Bull".

Drilling at Mallee Bull continued this quarter under CBH JV Program 7. RC drillhole MBRC062 was drilled to further test the strike and down dip potential of the T1 Zn-Pb-Ag-Au mineralisation however only weakly mineralised zones of Zn-Pb mineralisation were intersected. Additional close-spaced drilling surrounding the T1 area is anticipated with the aim of strengthening the existing Mallee Bull resource; the substantial zinc-lead rich mineralisation that has been intercepted at the deposit to date is still yet to be quantified.

In the September quarter, a structural analysis of the Mallee Bull deposit was conducted for a better understanding of the mineralised system and to assist with drillhole targeting. One of the four main targets identified from the study was drill tested this quarter with drillhole MBRCDD063. The theorised down-plunge structural target to the south of Mallee Bull was considered a potential conduit for mineralisation however only minor mineralised intercepts were encountered, and a downhole EM survey of the hole identified no additional conductive bodies other than the main Mallee Bull deposit itself.

Additional geophysics work in December comprised of a VTEM survey over the EL7461 tenement area, from which multiple anomalies were detected; final processing and interpretation of the data is still awaited and will be used to confirm any priority targets.

Figure 5 - Mallee Bull Drill Plan

Apollo Hill Project: Gold; Northeastern Goldfields WA (PEX 100%). Targets: Archean gold deposits.

No field work was undertaken at the Apollo Hill Project during the quarter.

Other Projects

No fieldwork was undertaken on any other project during the quarter.

Corporate

No corporate activity was completed during the quarter.

Competent Persons Statements

The information in this report that relates to Exploration Results is based on information compiled by Mr Robert Tyson, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Tyson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Tyson consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Wagga Tank RC/Diamond Drill Collars

Hole ID	Northing	Easting	Azi	Dip	Final Depth (m)
WTRC001	6387293	378794	312	-51	271
WTRCDD002	6387323	378820	312	-51	323.8
WTRC003	6387353	378847	312	-51	267
WTRCDD004	6387326	378877	312	-51	319
WTRCDD005	6387296	378850	312	-51	378.4
WTRC006	6387267	378823	312	-51	211
WTRC007	6387263	378767	312	-51	174
WTRC008	6387237	378797	312	-51	192
WTRC009	6387211	378827	312	-51	210
WTRC010	6387383	378873	312	-51	216
WTRC011	6387356	378903	312	-51	210
WTRC012	6387414	378900	312	-51	204
WTRC013	6387386	378929	312	-51	228
WTRC014	6387239	378854	312	-51	210
WTRCDD015	6387270	378881	314.53	-51.31	405.3
WTRCDD016	6387299	378906	312	-50	392.5
WTRC017	6387351	378952	312	-50	324
WTRC018	6387333	378931	312	-50	252

Siegal's Shaft/MD-2 RC Drill Collars

Hole ID	Northing	Easting	Azi	Dip	Final Depth (m)
MD2RC002	6401300	393080	270	-60	100
MD2RC003	6401380	393060	270	-60	84

Wirlong, Red Shaft & Sandy Creek RC Drill Collars

Hole ID	Northing	Easting	Azi	Dip	Final Depth (m)
WLRC029	6446864	418458	265	-55	156
WLRC030	6446898	418455	265	-55	156
WLRC031	6446941	418457	265	-55	162
WLRC032	6446978	418458	265	-55	138
WLRC033	6447019	418465	265	-55	126
WLRC034	6447055	418342	85	-55	150
WLRC035	6447057	418461	265	-55	150
WLRC036	6447098	418459	265	-55	144
WLRC037	6445081	418620	80	-60	349
RSRC009	6442004	419497	90	-60	312
RSRC010	6441867	419456	90	-60	414
RSRC011	6441758	419422	90	-60	372
PSCRC006	6434270	414569	300	-60	150
PSCRC007	6434125	414537	300	-60	200

Mallee Bull RC/Diamond Drill Collars

Hole ID	Northing	Easting	Azi	Dip	Final Depth (m)
MBRC062	6413490	415285	90	-65	349
MBRCDD063	6413237	415441	258	-73	606.3

Wagga Tank RC/Diamond Significant Assay Results (1m intervals)

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRC001	22	23					1.08
WTRC001	78	79	0.16	0.35	0.03	2.5	4.78
WTRC001	80	81	0.11	0.45	0.04	4.58	3.72
WTRC001	81	82	0.21	0.43	0.13	1.01	0.77
WTRC001	87	88	0.14	0.84	0.07	2.75	0.08
WTRC001	88	89	0.18	0.91	0.13	0.99	0.04
WTRC001	89	90	0.31	0.80	0.21	0.44	0.01
WTRC001	90	91	0.30	0.70	0.13	0.23	<lod< td=""></lod<>
WTRC001	92	93	0.44	0.61	0.05	147	8.08
WTRC001	93	94	6.42	0.69	0.03	138	1.76
WTRC001	94	95	11.35	1.00	0.03	193	0.98
WTRC001	95	96	1.25	1.23	0.06	20.8	1.83
WTRC001	96	97	0.56	0.79	0.03	12.05	0.59
WTRC001	97	98	0.59	1.15	0.04	40.3	0.54
WTRC001	98	99	2.67	2.71	0.05	67	0.73
WTRC001	99	100	0.22	1.75	0.04	60.1	0.19
WTRC001	100	101	4.47	1.14	0.10	149	0.18
WTRC001	101	102	2.77	1.31	0.02	50	0.21
WTRC001	102	103	4.91	1.21	0.04	241	0.26
WTRC001	103	104	0.63	2.20	0.08	99.4	0.97
WTRC001	104	105	0.10	1.10	0.03	4.5	0.06
WTRC001	107	108	0.08	0.52	0.02	2.87	0.01
WTRC001	108	109	0.21	1.11	0.26	1.29	<lod< td=""></lod<>
WTRCDD002	85	86					0.7
WTRCDD002	86	87					0.84
WTRCDD002	89	90					0.98
WTRCDD002	90	91					0.75
WTRCDD002	94	95					1.25
WTRCDD002	109	110	0.99	0.03	0.01	0.44	0.02
WTRCDD002	110	111	0.87	0.05	0.00	0.18	0.01
WTRCDD002	112	113	0.59	0.07	0.00	0.07	0.03
WTRCDD002	113	114	0.81	0.05	0.00	0.62	0.05
WTRCDD002	114	115	0.87	0.08	0.00	0.96	0.08
WTRCDD002	115	116	3.24	0.09	0.01	2.67	0.55
WTRCDD002	116	117	0.73	0.05	0.01	0.71	0.14
WTRCDD002	117	118	0.52	0.04	0.00	0.43	0.09
WTRCDD002	121	122	0.59	0.13	0.02	0.38	0.03
WTRCDD002	130	131	0.67	0.09	0.01	0.35	0.07
WTRCDD002	131	132	0.53	0.09	0.00	0.3	0.07
WTRCDD002	132	133	1.62	0.14	0.00	1.04	0.12
WTRCDD002	133	134	1.22	0.12	0.01	1.05	0.15
WTRCDD002	134	135	0.56	0.09	0.00	0.34	0.05
WTRCDD002	135	136	0.59	0.16	0.00	0.27	0.06
WTRCDD002	136	137	0.95	0.20	0.00	0.61	0.08
WTRCDD002	150	151	0.64	0.14	0.01	6.65	0.14
WTRCDD002	153	154	1.77	1.22	0.26	28.9	0.3
WTRCDD002	166	167	0.02	0.48	0.57	3.43	0.02
WTRCDD002	167	168	0.01	0.34	0.52	5.42	0.02
WTRCDD002	171	172	0.01	0.25	0.58	2.64	0.02

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRCDD002	173	174	0.04	0.20	2.17	5.66	0.06
WTRCDD002	174	175	1.26	9.12	32.5	219	0.1
WTRCDD002	175	176	5.78	16.65	17.0	393	0.06
WTRCDD002	176	177	1.71	8.61	4.60	178	0.04
WTRCDD002	177	178	1.22	5.40	8.59	135	0.11
WTRCDD002	178	179	0.43	2.61	1.41	43.8	0.06
WTRCDD002	179	180	0.77	4.70	1.36	67.6	0.08
WTRCDD002	180	181	0.38	2.35	0.67	33	0.06
WTRCDD002	181	182	0.17	0.79	0.47	17.75	0.1
WTRCDD002	194	195	0.09	0.04	0.51	2.19	0.12
WTRCDD002	199	200	1.33	0.08	0.28	11.95	0.19
WTRCDD002	203	204	0.60	0.26	0.82	6.92	0.09
WTRCDD002	206	207	0.79	0.23	1.19	11.7	0.16
WTRCDD002	209	210	0.64	1.38	3.62	35.9	0.13
WTRCDD002	210	211	0.54	1.33	3.07	28.4	0.05
WTRCDD002	224	225	0.13	0.21	0.59	5.34	0.05
WTRCDD002	225	226	0.21	0.32	1.42	9.09	0.16
WTRCDD002	226	227	0.34	0.45	0.86	12.2	0.25
WTRCDD002	227	228	0.37	1.56	2.41	21.5	0.17
WTRCDD002	228	229	0.06	0.64	0.69	8.43	0.25
WTRCDD002	229	230	0.08	0.78	1.67	9.01	0.14
WTRCDD002	230	231	0.07	1.14	6.57	15	0.18
WTRCDD002	231	232	0.88	7.04	8.74	84.2	0.24
WTRCDD002	232	233	0.69	4.88	7.47	63.9	0.23
WTRCDD002	233	234	0.54	4.66	8.36	58.7	0.25
WTRCDD002	234	235	0.30	2.34	3.34	36.8	0.41
WTRCDD002	235	236	0.23	2.08	3.75	28.3	0.23
WTRCDD002	236	237	0.12	1.11	1.99	15.65	0.15
WTRCDD002	237	238	0.08	0.77	1.28	11.8	0.12
WTRCDD002	239	240	0.05	0.34	0.69	6.4	0.11
WTRCDD002	240	241	0.05	0.44	0.89	7.69	0.13
WTRC003	124	125					0.57
WTRC003	142	143	0.17	0.09	0.00	149	1.85
WTRC003	143	144	0.02	0.10	0.00	68.7	1.32
WTRC003	144	145	0.19	0.09	0.00	66	3.91
WTRC003	145	146	0.53	0.03	0.01	19.7	0.7
WTRC003	146	147	1.11	0.03	0.01	12.3	0.74
WTRC003	147	148	1.59	0.04	0.00	9.1	0.45
WTRC003	148	149	1.09	0.02	0.00	6.2	0.16
WTRC003	149	150	1.91	0.03	0.00	10.9	0.32
WTRC003	164	165	0.69	0.08	0.01	54.8	0.22
WTRC003	165	166	1.26	0.09	0.01	10.3	0.08
WTRC003	166	167	0.95	0.08	0.01	29.4	0.73
WTRC003	167	168	0.16	0.04	0.01	5.3	1.32
WTRC003	172	173	0.18	0.07	0.01	12.6	0.5
WTRC003	174	175	0.37	0.17	0.01	15.8	2.59
WTRC003	175	176	0.54	0.02	0.00	2.1	0.16
WTRC003	178	179	2.10	0.08	0.02	18	0.21
WTRC003	179	180	0.69	0.24	0.11	5.5	0.1
WTRC003	188	189	0.79	2.03	0.28	26.3	0.16
WTRC003	189	190	1.26	1.40	0.37	39.8	0.09

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRC003	190	191	0.56	0.91	0.86	24	0.09
WTRC003	192	193	1.72	0.99	0.05	26	0.34
WTRC003	193	194	0.25	1.31	0.03	7.5	0.11
WTRC003	194	195	0.44	1.68	0.06	14.5	0.32
WTRC003	195	196	0.67	0.50	0.03	13	0.11
WTRC003	196	197	0.78	0.43	0.02	15.7	0.1
WTRC003	197	198	0.70	0.37	0.03	26.3	0.27
WTRC003	198	199	0.51	0.32	0.03	17.2	0.23
WTRC003	199	200	1.54	6.75	1.53	181	0.2
WTRC003	200	201	1.95	2.40	0.45	66.8	0.32
WTRC003	201	202	0.44	1.43	0.13	18.7	0.15
WTRC003	202	203	0.23	0.58	0.09	11.7	0.16
WTRC003	203	204	0.28	0.66	0.09	10	0.17
WTRC003	208	209	0.54	0.02	0.19	3.1	0.08
WTRC003	209	210	0.91	0.01	0.50	3	0.12
WTRC003	210	211	0.63	0.01	0.31	2.5	0.46
WTRC003	211	212	1.24	0.03	0.42	4.4	0.21
WTRC003	212	213	0.65	0.01	0.69	2.6	0.27
WTRC003	213	214	1.34	0.02	3.81	5.6	0.46
WTRC003	214	215	1.64	0.02	3.81	6.9	0.25
WTRC003	215	216	0.79	0.05	0.79	5	0.13
WTRC003	216	217	1.04	0.10	0.89	7.7	0.28
WTRC003	217	218	2.00	0.09	0.58	13.7	0.41
WTRC003	218	219	1.55	0.03	0.09	7.3	0.28
WTRC003	219	220	0.99	0.06	0.07	6.7	0.24
WTRC003	221	222	0.53	0.40	0.17	8.8	0.31
WTRC003	223	224	0.90	0.10	0.09	11.5	0.25
WTRC003	224	225	0.68	0.05	0.21	6.9	0.34
WTRC003	225	226	1.30	0.03	0.08	9.3	0.22
WTRC003	226	227	2.99	0.07	0.16	27.2	0.23
WTRC003	227	228	1.79	0.04	0.07	16.1	0.22
WTRC003	228	229	1.56	0.04	0.10	14.2	0.22
WTRC003	229	230	1.45	0.05	0.09	6.9	0.29
WTRC003	231	232	0.57	0.03	0.09	6.5	0.36
WTRC003	232	233	0.73	0.03	0.14	9.3	0.34
WTRC003	240	241	0.07	0.56	1.19	7.6	0.02
WTRC003	241	242	0.08	0.53	1.14	13.2	0.09
WTRC003	242	243	0.45	3.25	5.77	69.1	0.45
WTRC003	243	244	0.55	6.03	11.45	97.1	0.56
WTRC003	244	245	0.44	17.05	22.2	182	0.97
WTRC003	245	246	0.24	7.11	8.80	75.5	0.46
WTRC003	246	247	0.14	4.71	5.62	52.4	0.49
WTRC003	247	248	0.26	3.19	3.97	40.3	0.29
WTRC003	248	249	0.07	0.83	1.33	13.3	0.11
WTRC003	249	250	0.07	0.89	1.37	14.7	0.14
WTRC003	250	251	0.05	0.51	0.78	7.7	0.07
WTRC003	251	252	0.06	0.35	0.68	6.9	0.06
WTRC003	252	253	0.09	0.67	1.02	11.8	0.1
WTRCDD004	115	116	0.79	0.01	0.01	0.8	0.04
WTRCDD004	117	118	0.52	0.03	0.00	0.6	0.2
WTRCDD004	128	129	1.77	0.00	0.00	0.6	0.05

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRCDD004	129	130	4.49	0.00	0.00	0.8	0.02
WTRCDD004	130	131	2.07	0.00	0.00	0.6	0.03
WTRCDD004	131	132	1.64	0.03	0.03	0.7	0.04
WTRCDD004	132	133	0.73	0.00	0.00	-0.5	0.01
WTRCDD004	134	135	1.43	0.01	0.00	0.8	0.09
WTRCDD004	135	136	1.51	0.01	0.00	0.7	0.07
WTRCDD004	137	138	0.94	0.02	0.00	0.8	0.07
WTRCDD004	138	139	0.70	0.02	0.00	0.7	0.03
WTRCDD004	140	141	0.79	0.03	0.00	0.5	0.02
WTRCDD004	141	142	0.75	0.08	0.03	0.7	0.05
WTRCDD004	142	143	0.71	0.08	0.00	-0.5	0.03
WTRCDD004	143	144	1.17	0.07	0.00	0.8	0.07
WTRCDD004	144	145	0.53	0.02	0.00	-0.5	0.03
WTRCDD004	154	155					0.88
WTRCDD004	170	171	0.98	0.05	0.00	3.2	0.21
WTRCDD004	171	172	0.55	0.03	0.00	2.1	0.15
WTRCDD004	173	174	0.87	0.07	0.03	2.2	0.1
WTRCDD004	176	177	0.54	0.04	0.00	3	0.07
WTRCDD004	184	185	0.55	0.04	0.00	1.5	0.21
WTRCDD004	185	186	0.70	0.09	0.00	2.7	0.18
WTRCDD004	202	203	0.55	0.08	0.02	4.7	0.25
WTRCDD004	204	205	0.66	0.14	0.02	4.3	0.19
WTRCDD004	215	216	0.08	0.52	0.48	5.2	0.04
WTRCDD004	217	218	0.41	0.44	3.38	16.2	0.4
WTRCDD004	218	219	0.22	0.21	1.08	9.7	0.26
WTRCDD004	219	220	0.05	0.07	0.66	3.2	0.17
WTRCDD004	222	223	0.76	0.03	0.12	15.5	0.3
WTRCDD004	223	224	0.52	0.04	0.14	11.9	0.16
WTRCDD004	276	277	0.11	0.17	0.54	6.5	0.11
WTRCDD004	280	281	0.17	0.44	1.50	12.3	0.26
WTRCDD004	281	282	0.07	0.24	0.85	6.4	0.14
WTRCDD004	282	283	0.06	0.32	0.99	8.8	0.95
WTRCDD004	283	284	0.39	1.50	3.91	43.4	9.66
WTRCDD004	284	285	0.15	0.41	1.13	11.5	0.57
WTRCDD004	285	286	0.09	0.89	1.85	16	0.23
WTRCDD004	286	287	0.13	1.13	3.09	22.4	0.23
WTRCDD004	287	288	0.22	1.30	3.91	27.9	0.45
WTRCDD004	288	289	0.28	2.19	10.8	81.6	1.46
WTRCDD004	289	290	0.14	2.71	6.69	73.1	0.56
WTRCDD004	290	291	0.20	3.50	7.48	94	0.7
WTRCDD004	291	292	1.08	13.95	26.6	373	2.2
WTRCDD004	292	293	0.92	21.1	34.8	645	4.18
WTRCDD004	293	293.6	0.52	12.65	25.4	344	2.74
WTRCDD004	293.6	294	0.37	5.84	14.9	120	0.27
WTRCDD004	294	295	0.32	2.01	2.62	36.9	0.23
WTRCDD004	295	296	0.05	0.04	0.78	2.87	0.05
WTRCDD004	299	300	0.71	3.85	3.41	65.2	0.09
WTRCDD005	120	121	1.20	0.01	0.02	1.69	0.26
WTRCDD005	121	122	0.96	0.01	0.04	0.88	0.05
WTRCDD005	123	124	0.73	0.00	0.01	0.76	0.1
WTRCDD005	125	126	1.31	0.01	0.02	1.71	0.05

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRCDD005	126	127	0.68	0.01	0.01	0.93	0.06
WTRCDD005	127	128	0.72	0.02	0.05	1.32	0.11
WTRCDD005	129	130	0.65	0.01	0.01	1.05	0.1
WTRCDD005	130	131	0.76	0.01	0.01	1.06	0.08
WTRCDD005	131	132	1.64	0.01	0.01	1.77	0.14
WTRCDD005	132	133	4.63	0.03	0.01	5.29	0.32
WTRCDD005	133	134	0.97	0.02	0.04	1.28	0.07
WTRCDD005	135	136	1.02	0.02	0.02	1.57	0.11
WTRCDD005	136	137	1.11	0.04	0.03	1.66	0.08
WTRCDD005	137	138	0.89	0.03	0.02	1.34	0.24
WTRCDD005	138	139	0.75	0.05	0.09	1.75	0.1
WTRCDD005	139	140	3.05	0.05	0.05	3.97	5.12
WTRCDD005	140	141	1.38	0.03	0.02	1.83	0.34
WTRCDD005	142	143	0.68	0.03	0.02	1.36	0.18
WTRCDD005	143	144	0.79	0.03	0.01	1.27	0.15
WTRCDD005	144	145	1.17	0.04	0.01	1.64	0.14
WTRCDD005	145	146	0.80	0.12	0.23	3.55	0.17
WTRCDD005	146	147	1.49	0.05	0.06	2.02	0.15
WTRCDD005	147	148	0.57	0.05	0.07	1.64	0.08
WTRCDD005	148	149	0.68	0.02	0.02	0.77	0.09
WTRCDD005	149	150	0.85	0.02	0.01	1.13	0.12
WTRCDD005	150	151	0.68	0.02	0.02	1.02	0.07
WTRCDD005	152	153	0.82	0.02	0.01	0.99	0.07
WTRCDD005	159	160	0.54	0.03	0.03	1.7	0.13
WTRCDD005	165	166	0.74	0.02	0.03	2.32	0.38
WTRCDD005	166	167	0.62	0.02	0.01	1.96	0.43
WTRCDD005	167	168	1.27	0.02	0.01	3.09	0.54
WTRCDD005	168	169	1.53	0.03	0.01	3.17	0.37
WTRCDD005	169	170	0.70	0.02	0.03	1.8	0.15
WTRCDD005	170	171	0.51	0.03	0.03	1.43	0.13
WTRCDD005	205	206	0.83	5.45	2.30	84.9	0.15
WTRCDD005	206	207	0.22	1.88	0.71	28.9	0.06
WTRCDD005	207	208	0.11	1.06	0.67	14.65	0.01
WTRCDD005	208	209	0.30	1.29	1.95	20.7	<lod< td=""></lod<>
WTRCDD005	209	210	0.14	1.16	1.30	16.9	0.01
WTRCDD005	210	211	0.13	0.45	0.56	8.09	0.02
WTRCDD005	212	213	0.02	0.35	0.78	2.71	0.01
WTRCDD005	216	217	0.02	0.53	0.23	5.86	<lod< td=""></lod<>
WTRCDD005	217	218	0.01	0.28	0.62	2.6	0.04
WTRCDD005	218	219	0.02	0.26	0.60	3.62	0.04
WTRCDD005	219	220	0.02	0.23	0.72	3.14	0.03
WTRCDD005	222	223	0.16	0.98	3.45	14.95	0.39
WTRCDD005	223	224	0.25	0.31	0.93	12.55	0.22
WTRCDD005	224	225	1.95	0.26	0.71	44.9	0.72
WTRCDD005	225	226	2.35	0.24	0.59	45.1	0.93
WTRCDD005	226	227	0.68	0.09	0.50	15.05	0.15
WTRCDD005	227	228	0.39	0.15	0.83	10.35	0.18
WTRCDD005	232	233	0.61	0.02	0.16	2.65	0.12
WTRCDD005	244	245	0.36	0.91	0.81	28	0.15
WTRCDD005	263.2	264	0.01	0.01	0.53	0.39	0.03
WTRCDD005	265	266	0.24	0.21	1.84	4.04	0.39

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRCDD005	272	273	0.64	0.02	0.16	4.04	0.16
WTRCDD005	277	278	0.32	0.23	0.55	4.64	0.07
WTRCDD005	280	281	0.85	0.06	0.18	17.5	0.18
WTRCDD005	286	287	1.79	0.16	0.46	17.9	0.3
WTRCDD005	289	290	0.27	0.08	0.53	4.85	0.2
WTRCDD005	292	293	0.24	0.24	0.82	5.63	0.08
WTRCDD005	293	294	0.04	0.27	0.73	4.32	0.07
WTRCDD005	295	296	1.54	2.82	5.74	62.7	0.41
WTRCDD005	296	297.4	0.24	4.60	9.33	65.3	0.44
WTRCDD005	297.4	299.1	0.04	1.44	4.44	37.2	0.35
WTRCDD005	299.1	300	0.06	0.89	3.22	70.1	0.3
WTRCDD005	305.1	305.7	0.14	1.58	0.82	20.1	0.14
WTRCDD005	305.7	306.7	0.14	0.42	0.65	9.51	0.16
WTRC006	165	166	0.03	0.66	1.46	5.48	0.01
WTRC006	166	167	0.03	0.25	2.58	3.35	0.01
WTRC006	167	168	0.02	0.34	2.93	4.87	0.02
WTRC006	168	169	0.02	0.97	1.84	13.55	0.01
WTRC006	169	170	0.01	0.27	0.64	7.84	0.01
WTRC006	170	171	0.01	0.31	0.97	4.56	0.01
WTRC006	171	172	0.01	0.27	1.12	4.54	0.01
WTRC006	172	173	0.01	0.25	1.11	5.06	0.03
WTRC006	173	174	0.01	0.31	0.78	8.39	0.05
WTRC006	175	176	0.00	0.08	0.55	2.03	0.06
WTRC007	3	4	0.05	0.80	0.03	0.8	0.01
WTRC007	4	5	0.04	0.63	0.03	2.3	0.01
WTRC007	5	6	0.04	0.58	0.01	3	<lod< td=""></lod<>
WTRC007	6	7	0.05	0.90	0.03	4	0.01
WTRC007	8	9	0.03	0.58	0.01	1.3	0.01
WTRC007	12	13	0.06	0.76	0.01	1.7	0.01
WTRC007	30	31	0.28	0.94	0.03	3.7	<lod< td=""></lod<>
WTRC007	31	32	0.15	0.55	0.08	2.2	<lod< td=""></lod<>
WTRC007	35	36	0.03	0.81	0.03	3.6	<lod< td=""></lod<>
WTRC007	38	39	0.02	0.53	0.00	1	<lod< td=""></lod<>
WTRC007	39	40	0.02	0.60	0.01	0.8	<lod< td=""></lod<>
WTRC007	79	80					3.26
WTRC008	90	91	0.03	0.55	0.05	2.6	0.05
WTRC008	97	98	0.07	0.98	0.03	7	0.01
WTRC008	98	99	0.03	1.15	0.02	12	0.02
WTRC008	99	100	0.03	0.90	0.01	18.1	0.08
WTRC008	117	118	0.74	0.06	0.04	3.4	0.02
WTRC009	37	38					0.81
WTRC009	65	66					0.59
WTRC009	78	79	3.07	0.01	0.01	3.38	0.2
WTRC009	79	80	0.65	0.01	0.01	1.04	0.21
WTRC009	81	82	1.56	0.06	0.01	2.5	0.73
WTRC009	83	84	0.54	0.06	0.00	1.69	0.04
WTRC009	113	114	0.03	0.55	0.21	3.93	0.01
WTRC009	114	115	0.01	2.41	0.20	18.6	<lod< td=""></lod<>
WTRC009	115	116	0.01	0.86	0.24	9.32	<lod< td=""></lod<>
WTRC009	125	126	0.01	0.22	0.67	3.49	0.02
WTRC009	164	165	0.01	0.36	3.04	9.48	0.09

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRC009	168	169	0.01	0.12	0.57	5.69	0.02
WTRC009	169	170	0.00	0.10	0.57	5	0.01
WTRC009	171	172	0.00	0.09	0.56	3.83	<lod< td=""></lod<>
WTRC009	172	173	0.00	0.08	0.63	3.68	<lod< td=""></lod<>
WTRC009	173	174	0.00	0.13	0.88	5.77	0.01
WTRC009	174	175	0.00	0.18	0.73	7.62	<lod< td=""></lod<>
WTRC009	175	176	0.01	0.10	0.84	4.82	0.01
WTRC009	176	177	0.01	0.10	1.03	3.97	0.09
WTRC009	177	178	0.39	2.30	1.57	37.2	0.12
WTRC009	178	179	0.02	0.14	1.33	2.71	0.02
WTRC009	179	180	0.00	0.03	1.07	1.66	<lod< td=""></lod<>
WTRC009	180	181	0.00	0.03	0.91	1.58	<lod< td=""></lod<>
WTRC009	181	182	0.00	0.01	1.22	0.87	0.09
WTRC009	182	183	0.00	0.02	1.78	0.85	<lod< td=""></lod<>
WTRC009	183	184	0.00	0.01	1.38	0.88	<lod< td=""></lod<>
WTRC009	184	185	0.00	0.01	0.91	0.38	<lod< td=""></lod<>
WTRC009	185	186	0.00	0.01	0.93	0.39	<lod< td=""></lod<>
WTRC009	186	187	0.01	0.05	0.72	3.15	0.01
WTRC009	187	188	0.00	0.01	1.48	1.46	<lod< td=""></lod<>
WTRC009	188	189	0.00	0.03	1.77	41.7	<lod< td=""></lod<>
WTRC009	189	190	0.00	0.01	2.90	0.43	0.03
WTRC009	190	191	0.00	0.01	2.31	0.62	0.02
WTRC010	144	145	0.02	0.15	0.00	1.2	0.75
WTRC010	145	146	0.05	0.14	0.00	81.9	0.36
WTRC010	147	148	0.72	0.13	0.00	17.8	0.06
WTRC010	148	149	0.53	0.09	0.00	9.3	0.17
WTRC010	189	190	0.51	0.10	0.01	1.1	0.03
WTRC010	194	195	0.63	0.03	0.00	30.2	0.28
WTRC010	200	201	0.89	0.02	0.01	15.4	0.67
WTRC010	201	202	1.43	0.03	0.01	17.3	0.64
WTRC010	202	203	1.64	0.04	0.01	32.8	0.39
WTRC010	203	204	1.14	0.05	0.01	20.9	0.13
WTRC010	204	205	0.95	0.04	0.01	13.9	1.16
WTRC010	211	212	0.62	1.65	0.02	67.5	0.15
WTRC010	212	213	0.14	0.63	0.02	18.3	0.09
WTRC010	214	215	0.09	0.69	0.02	13.7	0.05
WTRC010	215	216	0.10	0.82	0.07	6	0.05
WTRC011	110	111					1
WTRC011	113	114					1.28
WTRC011	185	186	0.60	0.07	0.02	16.6	0.1
WTRC011	190	191	0.43	0.11	0.01	13.5	0.67
WTRC011	191	192	0.43	0.11	0.01	11.1	3.91
WTRC011	192	193	0.28	0.05	0.02	4	2.62
WTRC011	193	194	2.04	0.04	0.03	26.5	3.88
WTRC011	194	195	1.17	0.09	0.04	24.2	6.38
WTRC011	195	196	2.42	0.06	0.22	35.6	3.77
WTRC011	196	197	0.92	0.03	0.04	19.2	0.83
WTRC011	199	200	0.52	0.05	0.85	11.4	0.19
WTRC011	200	201	0.66	0.03	0.22	9.5	0.17
WTRC012	105	106	0.83	0.02	0.01	1.22	0.06
WTRC012	111	112	0.03	0.20	0.00	3.02	0.77

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRC012	114	115	0.06	0.25	0.01	0.7	0.71
WTRC012	154	155	0.10	0.70	0.02	2.33	0.1
WTRC012	171	172	0.06	0.59	0.11	2.91	0.05
WTRC012	173	174	0.30	0.52	0.32	6.06	0.12
WTRC012	174	175	0.18	0.95	0.04	3.97	0.09
WTRC012	175	176	0.14	0.11	0.05	2.66	0.04
WTRC012	176	177	0.43	0.08	0.76	8.62	0.16
WTRC012	177	178	0.23	0.06	0.64	5.51	0.1
WTRC012	178	179	0.50	0.04	0.20	8.27	0.21
WTRC012	179	180	0.95	0.07	0.25	18.2	0.33
WTRC012	182	183	0.65	0.03	1.14	14.95	0.23
WTRC012	183	184	0.57	0.02	0.35	14.55	0.23
WTRC012	190	191	0.63	0.04	0.06	9.21	0.31
WTRC012	193	194	0.54	0.02	0.12	9.31	0.19
WTRC012	194	195	1.93	0.11	0.18	29.6	1.73
WTRC012	195	196	0.73	0.07	0.12	13.3	0.39
WTRC012	196	197	0.59	0.05	0.14	11.8	0.23
WTRC012	197	198	1.60	0.11	0.14	44.9	1.69
WTRC012	199	200	0.90	0.05	0.13	14.45	0.54
WTRC012	200	201	0.16	0.03	0.04	5.03	0.51
WTRC012	201	202	0.41	0.07	0.18	9.49	1.85
WTRC012	203	204	0.31	0.03	0.07	5.96	1.8
WTRC013	192	193	0.30	0.62	0.74	5.4	0.3
WTRC013	193	194	0.10	0.27	1.02	3.4	0.35
WTRC013	195	196	0.34	0.78	1.36	6.8	0.11
WTRC013	206	207	0.25	0.03	0.11	4	0.71
WTRC013	211	212	1.21	1.90	4.46	64.1	12.8
WTRC013	212	213	0.89	0.19	1.00	12.4	5.43
WTRC013	213	214	0.64	0.18	0.4	10.6	4.86
WTRC013	214	215	0.52	0.05	0.15	5.9	1.75
WTRC013	215	216	0.63	0.03	0.12	5.4	1.67
WTRC013	216	217	0.81	0.07	0.20	8.3	3.8
WTRC013	217	218	0.19	0.01	0.04	2.1	0.7
WTRC013	218	219	0.94	0.04	0.10	10.8	5.07
WTRC013	219	220	0.69	0.07	0.14	9.2	2.66
WTRC013	220	221	0.33	0.05	0.14	5.2	1
WTRC013	221	222	0.55	0.16	0.18	9.5	1.23
WTRC013	222	223	0.18	0.05	0.10	3.7	0.58
WTRC013	224	225	0.20	0.07	0.14	4.5	0.71
WTRC013	225	226	0.44	0.78	0.34	17.8	1.28
WTRC013	227	228	0.62	0.09	0.13	6.3	0.81
WTRCDD015	143	144	0.69	0.01	0.00	1.2	0.15
WTRCDD015	147	148	0.87	0.00	0.00	0.8	0.07
WTRCDD015	150	151	1.12	0.01	0.01	0.7	0.07
WTRCDD015	151	152	1.80	0.01	0.00	2	4.03
WTRCDD015	152	153	0.94	0.01	0.00	1.8	0.29
WTRCDD015	153	154	0.75	0.01	0.00	1.3	0.15
WTRCDD015	155	156	1.41	0.01	0.00	2.5	0.19
WTRCDD015	171	172	0.74	0.07	0.01	2.4	0.23
WTRCDD015	172	173	0.59	0.03	0.01	1.6	0.15
WTRCDD015	173	174	0.97	0.04	0.01	2.5	0.2

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRCDD015	175	176	1.14	0.01	0.05	3.9	1.7
WTRCDD015	176	177	1.69	0.02	0.02	5.7	0.61
WTRCDD015	177	178	0.63	0.03	0.01	2.5	0.11
WTRCDD015	179	180	0.63	0.01	0.01	4.5	0.13
WTRCDD015	180	181	0.53	0.01	0.01	3.5	0.2
WTRCDD015	184	185	1.08	0.01	0.01	13	0.58
WTRCDD015	186	187	1.99	0.01	0.02	28.5	0.14
WTRCDD015	198	199	0.08	0.12	3.95	3.5	0.01
WTRCDD015	207	208	0.04	0.36	0.92	7.4	0.01
WTRCDD015	225	226	0.53	1.42	2.19	25.7	0.06
WTRCDD015	227	228	0.14	0.69	0.78	13.4	0.07
WTRCDD015	228	229	0.67	1.25	3.11	37.8	0.01
WTRCDD015	229	230	1.11	2.38	3.14	52.8	0.04
WTRCDD015	230	231	0.22	0.67	0.78	13.6	0.05
WTRCDD015	231	232	0.26	0.85	1.70	16.1	0.08
WTRCDD015	232	233	0.15	1.42	3.15	27	0.14
WTRCDD015	233	234	0.14	0.92	2.75	20.5	0.12
WTRCDD015	234	235	0.06	0.60	2.35	15.7	0.09
WTRCDD015	235	236	0.04	0.70	1.82	11.1	0.08
WTRCDD015	236	237	0.07	1.10	2.47	14.7	0.11
WTRCDD015	237	238	0.11	0.62	1.80	11.7	0.12
WTRCDD015	238	239	0.57	0.73	0.79	13.7	0.24
WTRCDD015	241	242	0.10	0.30	0.67	4.3	0.35
WTRCDD015	242	243	0.05	0.20	0.54	3.2	0.14
WTRCDD015	243	244	0.05	0.16	0.64	3.3	0.1
WTRCDD015	262	263	1.00	0.01	0.19	10.45	0.14
WTRCDD015	263	264	1.65	0.10	0.49	24.6	0.25
WTRCDD015	265	266	0.93	0.01	0.14	8.68	0.13
WTRCDD015	273	274	0.54	0.03	0.10	2.12	0.08
WTRCDD015	285	286	1.49	0.02	0.24	57.9	0.14
WTRCDD015	286	287	0.69	0.01	0.29	20.6	0.14
WTRCDD015	287	288	0.22	0.01	0.55	6.63	0.11
WTRCDD015	289	290	0.58	0.01	0.10	13.05	0.11
WTRCDD015	299	300	0.48	0.14	1.25	12.4	0.14
WTRCDD015	305	306	0.50	3.64	3.83	58.3	0.25
WTRCDD015	310	311	0.02	0.00	0.56	0.95	0.04
WTRCDD015	315	316	0.00	0.04	0.52	0.75	0.05
WTRCDD015	328	329	0.10	0.37	2.03	3.07	0.08
WTRCDD015	329	330	0.09	0.58	0.23	3.4	0.11
WTRCDD015	330	331	0.14	0.27	2.36	3.07	0.28
WTRCDD015	338	339	1.34	1.58	1.36	23.1	0.44
WTRCDD015	339	340	1.86	0.97	1.74	26.5	0.3
WTRCDD015	341	342	0.03	0.97	1.76	11.5	0.09
WTRCDD015	343	344	0.02	0.42	0.75	8.8	0.17
WTRCDD015	344	345	0.02	0.28	1.88	10.2	1.37
WTRCDD015	347	348	0.06	0.73	0.25	21.7	0.01
WTRCDD016	121	122	0.51	0.00	0.00	0.5	0.03
WTRCDD016	127	128	0.79	0.12	0.00	2.7	0.04
WTRCDD016	128	129	0.71	0.06	0.00	2.4	0.06
WTRCDD016	130	131	0.61	0.12	0.01	3.8	0.05
WTRCDD016	144	145	0.78	0.03	0.01	2.6	0.25

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WTRCDD016	184	185	0.61	5.94	1.89	66.5	0.31
WTRCDD016	185	186	0.39	3.66	1.32	40.7	0.11
WTRCDD016	198	199	0.20	1.11	1.21	38.8	0.09
WTRCDD016	199	200	0.16	0.83	1.76	32.1	0.1
WTRCDD016	201	202	0.51	0.15	0.41	15.5	0.1
WTRCDD016	203	204	0.35	0.73	0.39	36.5	0.33
WTRCDD016	206	207	1.58	0.02	0.13	38.4	0.09
WTRCDD016	208	209	1.70	0.06	0.26	24.7	0.33
WTRCDD016	209	210	0.61	0.16	0.11	17.6	0.2
WTRCDD016	210	211	0.73	0.18	0.15	20.5	0.55
WTRCDD016	230	231	0.03	0.32	2.09	1.5	0.02
WTRCDD016	231	232	0.10	1.27	6.04	3.6	0.04
WTRCDD016	232	233	0.02	1.50	6.78	3.5	0.05
WTRCDD016	233	234	0.03	2.23	6.37	4.3	0.02
WTRCDD016	234	235	0.03	0.62	2.34	1.7	0.06
WTRCDD016	235	236	0.03	0.22	1.00	1	0.06
WTRCDD016	236	237	0.01	0.20	0.98	1	0.06
WTRCDD016	237	238	0.01	0.32	0.95	0.9	0.04
WTRCDD016	238	239	0.01	1.13	2.77	2.4	0.03
WTRCDD016	239	240	0.02	1.93	5.24	4.1	0.06
WTRCDD016	240	241	0.02	0.19	0.61	0.7	0.03
WTRCDD016	255	256	1.49	0.03	0.16	7.3	0.12
WTRCDD016	267	268	0.73	0.01	0.25	4.1	0.08

Siegal's Shaft/MD-2 RC Significant Assay Results (1m intervals)

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
MD2RC002	31	32	0.89	0.11	0.24	10.8	0.41
MD2RC002	51	52	0.12	0.18	0.58	7.5	0.08
MD2RC002	52	53	0.17	3.10	5.90	98.9	0.85
MD2RC002	53	54	0.05	1.71	2.98	52	0.15
MD2RC002	54	55	0.03	0.26	0.50	8.6	0.14
MD2RC002	56	57	0.03	0.34	0.60	11.1	0.05
MD2RC003	42	43	0.04	0.12	0.58	3.7	0.02
MD2RC003	51	52	0.08	0.27	0.58	7.3	0.06
MD2RC003	64	65	0.39	0.97	1.86	31.1	0.37
MD2RC003	66	67	0.21	0.40	0.74	15.8	0.17
MD2RC003	67	68	0.18	0.35	0.73	14.3	0.17
MD2RC003	68	69	0.26	0.3	0.72	15.2	0.19
MD2RC003	69	70	0.37	0.32	0.83	18.7	0.21
MD2RC003	70	71	0.19	0.21	0.53	10.8	0.15

Wirlong/Red Shaft RC Significant Assay Results (1m intervals)

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
RSRC009	42	43	0.01	0.66	0.03	<lod< td=""><lod< td=""></lod<></lod<>	<lod< td=""></lod<>
RSRC011	61	62	0.03	0.99	0.06	0.7	0.02
RSRC011	62	63	0.02	0.60	0.05	0.4	0.01
WLRC029	72	73	0.09	0.00	1.77	0.5	<lod< td=""></lod<>
WLRC029	80	81	0.16	0.01	0.54	0.7	<lod< td=""></lod<>
WLRC029	85	86	0.28	0.01	0.51	1.5	<lod< td=""></lod<>
WLRC029	86	87	0.20	0.00	0.68	1.1	<lod< td=""></lod<>

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)

















































WLRC034	80	81	0.16	0.46	1.12	10.2	0.03

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
WLRC034	81	82	0.17	0.11	0.79	4.1	0.04
WLRC034	82	83	0.22	0.03	0.95	2.1	0.05
WLRC034	105	106	0.72	0.00	0.04	2.8	<lod< td=""></lod<>
WLRC034	117	118	1.69	0.00	0.04	5.8	0.02
WLRC034	118	119	2.31	0.00	0.05	8.1	0.02
WLRC034	122	123	1.52	0.00	0.03	5.3	0.02
WLRC034	132	133	0.89	0.00	0.02	3.4	0.01
WLRC034	145	146	1.20	0.00	0.03	4.9	0.01
WLRC034	147	148	1.58	0.00	0.03	6.8	0.01
WLRC034	148	149	0.67	0.00	0.02	3.2	<lod< td=""></lod<>
WLRC035	56	57	0.55	0.00	0.06	3.2	0.01
WLRC035	58	59	1.05	0.00	0.20	6.8	0.02
WLRC035	63	64	2.15	0.00	0.60	13.6	0.03
WLRC035	70	71	0.58	0.00	0.21	3.4	<lod< td=""></lod<>
WLRC035	71	72	2.53	0.00	0.98	20.3	0.01
WLRC035	72	73	4.49	0.00	1.34	26.4	0.03
WLRC035	73	74	7.02	0.00	1.13	32.8	0.02
WLRC035	74	75	4.11	0.01	0.36	22.3	0.05
WLRC035	75	76	2.58	0.00	0.27	14.1	0.02
WLRC035	76	77	2.27	0.01	0.33	11.6	0.03
WLRC035	77	78	4.81	0.01	0.61	24.7	0.05
WLRC035	78	79	1.25	0.00	0.20	6.2	0.01
WLRC035	123	124	0.68	0.01	0.04	3.4	0.01
WLRC035	124	125	1.02	0.01	0.04	5	0.02
WLRC036	65	66	1.13	0.00	0.07	5.1	0.02
WLRC036	76	77	1.24	0.00	0.11	6.1	0.03
WLRC036	80	81	0.54	0.00	0.10	3.2	0.01
WLRC036	105	106	0.99	0.00	0.06	4.6	0.02

Mallee Bull RC/Diamond Drilling Significant Assay Results (1m intervals)

Hole ID	From (m)	To (m)	Cu (%)	Pb (%)	Zn (%)	Ag (g/t)	Au (g/t)
MBRC062	215	216	0.01	0.17	0.51	2.3	0.01
MBRCDD063	295	296	0.00	0.41	0.63	4.9	0.06
MBRCDD063	305	306	0.05	0.22	1.22	10.4	0.16
MBRCDD063	326	327	0.04	0.37	2.06	7.4	0.33
MBRCDD063	463	464	0.17	1.29	4.03	11	0.14
MBRCDD063	487	488	0.12	0.85	0.77	17.3	0.03
MBRCDD063	544	545	0.57	0.00	0.03	1.7	<lod< td=""></lod<>
MBRCDD063	558	559	0.04	0.87	0.02	3.7	<lod< td=""></lod<>
MBRCDD063	576	577	0.60	0.04	0.05	2.2	0.04

Table 1 - Section 1: Sampling Techniques and Data for Mallee Bull/Cobar Superbasin/Wagga Tank Projects

Criteria	JORC Code explanation	Commentary
Samplingtechniques	Nature and quality of sampling (eg cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to theminerals under investigation, such as down holegamma sondes, or handheld XRF instruments, etc).These examples should not be taken as limiting thebroad meaning of sampling.Include reference to measures taken toensuresamplerepresentivityandtheappropriatecalibration of any measurement tools or systemsused.Aspects of the determination of mineralisation thatare Material to the Public Report.In cases where 'industry standard' work has beendone this would be relatively simple (eg 'reversecirculation drilling was used to obtain 1 m samplesfrom which 3 kg was pulverised to produce a 30 gcharge for fire assay'). In other cases moreexplanation may be required, such as where there iscoarse gold that has inherent sampling problems.Unusual commodities or mineralisation types (egsubmarine nodules) may warrant disclosure ofdetailed information.	Diamondand reverse circulation (RC)drilling were used to obtain samples forgeological logging and assaying.Diamond core was cut and sampled at 1mintervals. RC drill holes were sampled at1m intervals and split using a cone splitterattached to the cyclone to generate a splitof 2-4kg to ensure sample representivity.Multi-element readings were taken of thediamond core and RC drill chips using anOlympus Delta Innov-X portable XRF tool.The portable XRF was calibrated againststandards after every 30 readings.
Drillingtechniques	Drill type (eg core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc)and details (eg core diameter, triple or standardtube, depth of diamond tails, face-sampling bit orother type, whether core is oriented and if so, bywhat method, etc).	Drilling to date has been a combination ofdiamond, reverse circulation and rotary airblast. Reverse circulation drilling utilised a5 1/2 inch diameter hammer. A blade bitwas predominantly used for RAB drilling.NQ and HQ coring was used for diamonddrilling.
Drillsamplerecovery	Method of recording and assessing core and chipsample recoveries and results assessed.Measures taken to maximise sample recovery andensure representative nature of the samples.Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	Core recoveries are recorded by the drillersin the field at the time of drilling andchecked by a geologist or technicianRC and RAB samples are not weighed on aregular basis due to the exploration natureofdrillingbutnosignificantsamplerecovery issues have been encountered ina drilling program to date.Diamondcoreisreconstructedintocontinuous runs on an angle iron cradle fororientationmarkinganddepthsarechecked against the depths recorded oncore blocks. Rod counts are routinelyundertaken by drillers.Whenpoorsamplerecoveryisencountered during drilling, the geologistand driller have endeavoured to rectify theproblem to ensure maximum samplerecovery.Sample recoveries at Wirlong, Red Shaft,Sandy Creek and Mallee Bull to date havegenerally been high.Sample recoveries at Wagga Tank havebeenvariablewithbrokenground

Criteria	JORC Code explanation	Commentary
Logging	Whethercoreandchipsampleshavebeen	occurring in places and poorer samplerecoveries encountered. Insufficient datais available at present to determine if arelationship exists between recovery andgrade. This will be assessed once astatisticallyvalidamountofdataisavailable to make a determination.Allcoreanddrillchipsamplesare
	geologically and geotechnically logged to a level ofdetail to support appropriate Mineral Resourceestimation,miningstudiesandmetallurgicalstudies.Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc) photography.The total length and percentage of the relevantintersections logged.	geologically logged.Core samples areorientated and logged for geotechnicalinformation. Drill chip samples are loggedat 1m intervals from surface to the bottomof each individual hole to a level that willsupportappropriatefutureMineralResource studies.Logging of diamond core, RC and RABsamples records lithology, mineralogy,mineralisation,structure(DDHonly),weathering, colour and other features ofthe samples. Core is photographed as bothwet and dry.All diamond, RC drill holes in the currentprogram were geologically logged in full,except at Wagga Tank where logging is stillunderway.
Sub-samplingtechniquesandsamplepreparation	If core, whether cut or sawn and whether quarter,half or all core taken.If non-core, whether riffled, tube sampled, rotarysplit, etc and whether sampled wet or dry.For all sample types, the nature, quality andappropriatenessofthesamplepreparationtechnique.Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.Measures taken to ensure that the sampling isrepresentative of the in situ material collected,includingforinstanceresultsforfieldduplicate/second-half sampling.Whether sample sizes are appropriate to the grainsize of the material being sampled.	Drill core was cut with a core saw and halfcore taken.The RC drilling rigs were equipped with anin-built cyclone and splitting system, whichprovidedonebulksampleofapproximately 20kg and a sub-sample of 2-4kg per metre drilled.All samples were split using the systemdescribed above to maximise and maintainconsistent representivity. The majority ofsamples were dry.Bulk samples were placed in green plasticbags, with the sub-samplescollectedplaced in calico sample bagsField duplicates were collected by resplitting the bulk samples from largeplasticbags.Theseduplicatesweredesigned for lab checks.A sample size of 2-4kg was collected andconsideredappropriateandrepresentative for the grain size and styleof mineralisation.
Qualityofassaydataandlaboratorytests	The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRFinstruments,etc,theparametersusedindetermining the analysis including instrument makeand model, reading times, calibrations factorsapplied and their derivation, etc.	ALS Laboratory Services were used for Auand multi-element analysis work carriedon out on 3m to 6m composite samplesand 1m split samples.The laboratory techniques below are for allsamplessubmittedtoALSandareconsidered appropriate for the style ofmineralisation defined at Mallee Bull,

Criteria	JORC Code explanation	Commentary
	Nature of quality control procedures adopted (egstandards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy(ie lack of bias) and precision have been established.	Wirlong, Red Shaft, Sandy Creek, Siegal'sShaft/MD-2 and Wagga Tank:oPUL-23 (Sample preparationcode)oAu-AA25 Ore Grade Au 30gFA AA Finish, Au-AA26 OreGrade Au 50g FA AA FinishoME-ICP41 35 element aquaregiaICP-AES,oranappropriate Ore Grade basemetal AA finishoME-ICP61 33 element 4 aciddigestICP-AES,withanappropriate Ore Grade basemetal AA finishoME-MS61 48 element 4 aciddigest ICP-MS and ICP-AES,with an appropriate OreGrade base metal AA finishAssaying of soil samples in the field was byportable XRF instrument Olympus DeltaInnov-X Analyser. Reading time was 20seconds per reading with a total 3 readingsper sample.TheQA/QCdataincludesstandards,duplicatesandlaboratorychecks.Duplicates for drill core are collected bythe lab every 30 samples after the coresampleispulverised.Duplicatesforpercussion drilling are collected directlyfrom the drill rig or the metre sample bagusing a half round section of pipe. In-houseQA/QC tests are conducted by the lab oneach batch of samples with standardssupplied by the same companies thatsupply our own.
Verification ofsampling andassaying	The verification of significant intersections by eitherindependent or alternative company personnel.The use of twinned holes.Documentationofprimarydata,dataentryprocedures, data verification, data storage (physicaland electronic) protocols.Discuss any adjustment to assay data.	Allgeologicalloggingandsamplinginformation is completed in spreadsheets,which are then transferred to a databasefor validation and compilation at the Peelheadoffice.Electroniccopiesofallinformation are backed up periodically.Noadjustmentsofassaydataareconsidered necessary.
Locationofdata points	Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches, mineworkings and other locations used in MineralResource estimation.Specification of the grid system used.Quality and adequacy of topographic control.	A Garmin hand-held GPS is used to definethe location of the samples.Standardpractice is for the GPS to be left at the siteof the collar for a period of 5 minutes toobtain a steady reading. Collars are pickedup after by DGPS. Down-hole surveys areconducted by the drill contractors usingeitheraReflexgyroscopictoolwithreadingsevery10mafterdrillholecompletion or a Reflex electronic multishot camera will be used with readings fordip and magnetic azimuth taken every 30m

Criteria	JORC Code explanation	Commentary
		down-hole. QA/QC in the field involvescalibrationusingateststand.Theinstrument is positioned with a stainlesssteel drill rod so as not to affect themagnetic azimuth.Grid system used is MGA 94 (Zone 55). Alldown-holemagneticsurveyswereconverted to MGA94 grid.
Data spacinganddistribution	Data spacing for reporting of Exploration Results.Whether the data spacing and distribution issufficient to establish the degree of geological andgrade continuity appropriate for the MineralResource and Ore Reserve estimation procedure(s)and classifications applied.Whether sample compositing has been applied.	Data/drill hole spacing is variable andappropriate to the geology and historicaldrilling.3m to 6m sample compositing has beenapplied to RC drilling at Mallee Bull,Wirlong, Red Shaft, Sandy Creek, Siegal'sShaft/MD-2 and Wagga Tankfor goldand/or multi-element assay.
Orientation ofdatainrelationtogeologicalstructure	Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering thedeposit type.If the relationship between the drilling orientationand the orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	Most drillholes are planned to intersect theinterpreted mineralised structures/lodesas near to a perpendicular angle aspossible (subject to access to the preferredcollar position).
Samplesecurity	The measures taken to ensure sample security.	The chain of custody is managed by theproject geologist who places calico samplebags in polyweave sacks. Up to 5 calicosample bags are placed in each sack. Eachsack is clearly labelled with:oPeel Mining LtdoAddress of LaboratoryoSample rangeDetailed records are kept of all samplesthat are dispatched, including details ofchain of custody.
Auditsorreviews	The results of any audits or reviews of samplingtechniques and data.	Data is validated when loading into thedatabase. No formal external audit hasbeen conducted.

Table 1 - Section 2 - Reporting of Exploration Results for Mallee Bull/Cobar Superbasin/Wagga Tank Projects

Criteria	JORC Code explanation	Commentary
Mineraltenement andlandtenurestatus	Type,referencename/number,locationandownership including agreements or material issueswiththirdpartiessuchasjointventures,partnerships,overridingroyalties,nativetitleinterests, historical sites, wilderness or nationalpark and environmental settings.The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area.	The Mallee Bull prospect is wholly locatedwithinExplorationLicenceEL7461"Gilgunnia". The tenement is subject to a50:50 Joint Venture with CBH ResourcesLtd, a wholly owned subsidiary of TohoZinc Co Ltd.The Cobar Superbasin Project comprises ofmultiple exploration licences that aresubject to a farm-in agreement withJOGMEC whereby JOGMEC can earn up to50%.

Criteria	JORC Code explanation	Commentary
		The Wagga Tank Project comprises ofEL6695, EL7226, EL7484 and EL7581 and is100%-owned by Peel Mining Ltd, subject toa 2% NSR royalty agreement with MMGLtd.The tenements are in good standing and noknown impediments exist.
Explorationdone by otherparties	Acknowledgment and appraisal of exploration byother parties.	WorkintheMalleeBullareawascompleted by several former tenementholdersincludingTriakoResourcesbetween 2003 and 2009; it includeddiamond drilling, IP surveys, geologicalmapping and reconnaissance geochemicalsampling around the historic Four MileGoldfield area. Prior to Triako Resources,Pasminco Exploration explored the CobarBasin area for a "Cobar-type" or "Eluratype" zinc-lead-silver or copper-gold-leadzinc deposit.Work at Wagga Tank was completed bymultiplepreviousexplorersincludingNewmont, Homestake, Amoco, Cyprus,Arimco,GoldenCross,PasmincoandMMG.
Geology	Deposit type, geological setting and style ofmineralisation.	The Mallee Bull prospect area lies withintheCobar-MtHopeSiluro-Devoniansedimentaryandvolcanicunits.ThenorthernCobarregionconsistsofpredominantly sedimentary units withtuffaceous member, whilst the southernMt Hope region consists of predominantlyfelsic volcanic rocks; the Mallee Bullprospect seems to be located in an area ofoverlapbetweenthesetworegions.Mineralisation at the Mallee Bull discoveryfeatures the Cobar-style attributes of shortstrike lengths (<200m), narrow widths (5-20m) and vertical continuity, and occurs asa shoot-like structure dipping moderatelyto the west.Wagga Tank, a volcanic-hosted massivesulphide(VHMS)deposit,islocated~130km south of Cobar on the westernedge of the Cobar Superbasin. The depositispositionedatthewestern-mostexposure of the Mt. Keenan Volcanics (Mt.Hope Group) where it is conformablyoverlainbypoorly-outcropping,distalturbidite sequence of carbonaceous slateand siltstone. Mineralisation is hosted in asequence of rhyodaciticvolcanicandassociated volcaniclastic rocks comprisingpolymictic conglomerate, sandstone, slate,crystal-lithic tuff and crystal tuff. Thissequencefacesnorthwest,strikesnortheast-southwest and dips range from

Criteria	JORC Code explanation	Commentary
		moderate westerly, to vertical, and locallyoverturned to the east. Mineralisationstraddlesthecontactbetweenthevolcaniclastic facies and the siltstone-slatefacies where there is a broad zone ofintensetectonicbrecciationandhydrothermal alteration (sericite-chloritewith local silicification).
DrillholeInformation	A summary of all information material to theunderstanding of the exploration results including atabulation of the following information for allMaterial drill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level – elevation abovesea level in metres) of the drill hole collarodip and azimuth of the holeodown hole length and interception depthohole length.If the exclusion of this information is justified on thebasis that the information is not Material and thisexclusion does not detract from the understandingof the report, the Competent Person should clearlyexplain why this is the case.	All relevant information material to theunderstanding of exploration results hasbeen included within the body of theannouncement or as appendices.No information has been excluded.
Dataaggregationmethods	InreportingExplorationResults,weightingaveraging techniques, maximum and/or minimumgrade truncations (eg cutting of high grades) andcut-off grades are usually Material and should bestated.Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shown indetail.The assumptions used for any reporting of metalequivalent values should be clearly stated.	No length weighting or top-cuts have beenapplied.No metal equivalent values are used forreporting exploration results.
Relationshipbetweenmineralisationwidthsandinterceptlengths	These relationships are particularly important in thereporting of Exploration Results.If the geometry of the mineralisation with respectto the drill hole angle is known, its nature should bereported.If it is not known and only the down hole lengths arereported, there should be a clear statement to thiseffect (eg 'down hole length, true width notknown').	True widths are generally estimated to beabout 90-100% of the downhole widthunless otherwise indicated.
Diagrams	Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported These shouldinclude, but not be limited to a plan view of drill holecollar locations and appropriate sectional views.	Refer to Figures in the body of text.
Balancedreporting	Where comprehensive reporting of all ExplorationResults is not practicable, representative reportingof both low and high grades and/or widths shouldbe practiced to avoid misleading reporting ofExploration Results.	All results are reported.

Criteria	JORC Code explanation	Commentary
Othersubstantiveexplorationdata	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 andmethod of treatment; metallurgical test results;bulk density, groundwater, geotechnical and rockcharacteristics;potentialdeleteriousorcontaminating substances.	No other substantive exploration data areavailable.
Further work	The nature and scale of planned further work (egtests for lateral extensions or depth extensions orlarge-scale step-out drilling).Diagrams clearly highlighting the areas of possibleextensions,includingthemaingeologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive.	Future work at the Mallee Bull, CobarSuperbasin and Wagga Tank Projects willincludegeophysicalsurveyingandRC/diamond drilling to further define theextent of mineralisation at the prospects.Downholeelectromagnetic(DHEM)surveys will be used to identify potentialconductive sources that may be related tomineralisation.

TENEMENT INFORMATION AS REQUIRED BY LISTING RULE 5.3.3 Granted tenements

TENEMENT	PROJECT	LOCATION	OWNERSHIP	CHANGE INQUARTER
E39/1198	Apollo Hill	Leonora, WA	100%
E39/1236	Apollo Hill	Leonora, WA	100%	Relinquished
P39/4588	Apollo Hill	Leonora, WA	100%
P39/4589	Apollo Hill	Leonora, WA	100%
P39/4590	Apollo Hill	Leonora, WA	100%
P39/4591	Apollo Hill	Leonora, WA	100%
P39/4592	Apollo Hill	Leonora, WA	100%
P39/4677	Apollo Hill	Leonora, WA	100%
P39/4678	Apollo Hill	Leonora, WA	100%
P39/4679	Apollo Hill	Leonora, WA	100%
E39/1887	Apollo Hill	Leonora, WA	100%
E40/0296	27 Well	Leonora, WA	100%	Relinquished
E40/0303	Bulyairdie	Leonora, WA	100%	Relinquished
M39/0296	Isis	Leonora, WA	100%
E40/0337	The Gap	Leonora, WA	100%
E31/1063	Apollo Hill South	Leonora, WA	100%
E31/1075	Yerilla	Leonora, WA	100%
E31/1076	Mt Remarkable	Leonora, WA	100%
M31/486	Apollo Hill ML	Leonora, WA	100%
E31/1087	Rise Again	Leonora, WA	100%
P31/2071	Rise Again	Leonora, WA	100%
P31/2069	Rise Again	Leonora, WA	100%
P31/2072	Rise Again	Leonora, WA	100%
P31/2073	Rise Again	Leonora, WA	100%
P31/2068	Rise Again	Leonora, WA	100%
P31/2070	Rise Again	Leonora, WA	100%
E31/1116	Apollo Hill	Leonora, WA	100%
EL8326	Attunga	Attunga,NSW	100%

ML1361	Mayday	Cobar,NSW	50%	Renewal sought
EL7461	Gilgunnia	Cobar,NSW	50%
EL7711	Ruby Silver	Armidale,NSW	100%
EL7519	Gilgunnia South	Cobar,NSW	100%
EL7976	Mundoe	Cobar,NSW	100%
EL8070	Tara	Cobar,NSW	100%
EL8071	Manuka	Cobar,NSW	100%
EL8105	Mirrabooka	Cobar,NSW	100%	50% Renewed
EL8112	Yackerboon	Cobar,NSW	100%
EL8113	Iris Vale	Cobar,NSW	100%
EL8125	Hillview Nth	Cobar,NSW	100%
EL8126	Norma Vale	Cobar,NSW	100%
EL8201	Mundoe North	Cobar,NSW	100%	Renewal sought
EL8114	Yara	Cobar,NSW	100%	50% Renewed
EL8117	Illewong	Cobar,NSW	100%
EL8307	Sandy Creek	Cobar, NSW	100%	Renewal sought
EL8314	Glenwood	Cobar, NSW	100%
EL8336	Brambah	Cobar, NSW	100%
EL8345	Pine Ridge	Cobar, NSW	100%
EL8391	Gilgunnia North	Cobar, NSW	100%
EL8414	Mt Walton	Cobar, NSW	100%
EL8426	Marygold	Cobar, NSW	100%
EL8447	Linera	Cobar, NSW	100%
EL8450	Beanbah	Cobar, NSW	100%
EL8451	Michelago	Cooma, NSW	100%
EL6695	Wagga Tank	Cobar, NSW	100%	Renewal sought
EL7581	Lowan	Cobar, NSW	100%	Renewal sought
EL7484	Mount View	Cobar, NSW	100%	Renewal sought
EL7226	Wongawood	Cobar, NSW	100%	Renewal sought

Tenements under application

TENEMENT	PROJECT	LOCATION	STATUS
E31/1132	Apollo Hill	Leonora, WA	Under application
E31/1133	Apollo Hill	Leonora, WA	Application withdrawn
E39/1984	Apollo Hill	Leonora, WA	Under application
E39/1991	Apollo Hill	Leonora, WA	Under application
E31/1145	Middle Dam	Leonora, WA	Under application
ELA5343	Burthong	Cobar, NSW	Under application