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PRODIGY GOLD NL AGM Information 2011

Nov 29, 2011

65615_rns_2011-11-29_7e101847-0c4b-497a-bade-b1e198323ecd.pdf

AGM Information

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30 November 2011

The Announcements Office Australian Stock Exchange Ltd Level 3, 20 Bridge Street SYDNEY NSW 2000

By ASX Online Transmission

Dear Sir / Madam,

CHAIRMAN’S AND MANAGING DIRECTOR’S ADDRESS ANNUAL GENERAL MEETING 2011

Attached are copies of the Chairman’s Address and the Managing Director’s Address to the Annual General Meeting of shareholders which is being held today at 2:00pm at BDO Audit (WA) Pty Ltd, 38 Station Street in Subiaco.

Yours faithfully

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Jutta Zimmermann Company Secretary

1

CHAIRMAN’S ADDRESS

“2010-11 Year in Review

Following the intense activity of the previous year, mainly involving corporate and management restructure, substantial re-financing and the acquisition of two outstanding exploration portfolios, it was somewhat of a relief to get onto the ground and commence serious exploration during this year.

The Company set out in July with the following principle objectives, following its mantra of “drill deep, drill early”.

  • Complete an initial phase of deep drilling at the Buccaneer prospect that was commenced in July 2010, with a view to enabling an initial Resource (targeting > 1Moz) to be estimated.

  • Undertake mapping, surface sampling and limited initial drilling at the Old Pirate prospect, with the initial goal of understanding the controls on the erratic but spectacular high-grade gold found there.

  • Drilling the first deep (>200m) holes into a number of the other prospects defined by previous, mainly shallow drilling (Barrow Creek, Hyperion, Lake Mackay, and numerous targets within the Twin Bonanza Camp).

  • Raise sufficient funds to enable our aggressive drilling program to be maintained into 2012, with at least some of the funds coming from one or more respected resource specialty funds.

I am very pleased to say that each of these objectives has been achieved, due mainly to the skill, enthusiasm and hard work of the whole ABM team. In the Annual Report, I summarised these achievements, and your CEO Darren Holden will provide some additional detail as well as some pointers to the future in his upcoming presentation this afternoon.

In my report last year, I said that “to achieve this amount of success and pace of progress everybody involved has to operate with great skill and at full capacity”. Well, the demands on the whole team – senior management, the technical and field staff and the administrative support – have only increased, and everybody has just stepped up. It has been a pleasure working with all of the people, and you can be assured that the Company is in very good hands.

There have been two important developments during this year that I would like to particularly highlight. First, the management and the field team have put a great deal of effort into the development and implementation of robust OH&S systems and procedures. The board takes safety very seriously, and receives detailed reports of any incidents as well as having input into improvements of the systems and procedures. Second, like all ASX-listed companies, ABM published its Diversity Policy during the year. However, unlike many of our peers, especially in the mining industry, we have been putting it into action. We are particularly proud of our gender diversity, which sees ≥50% women in each of our management, administrative and technical teams. We are only lagging at board level and I plan to address that during the current year.

2

During the year, Nick Archibald left the board, having played a crucial role in bringing both the Tanami Gold and the Newmont Mining exploration assets into the Company. I would like to thank Nick both personally and on behalf of the Company for his substantial contribution to where we are now. Also during the year, Graeme Sloan, CEO of Tanami Gold, joined the board, nominated by Tanami Gold under the agreement by which we acquired their NT exploration portfolio. Graeme brings substantial corporate and technical experience to the board, as well as an important ‘engineers’ perspective to balance the geologists’ enthusiasm and optimism!

It has been another exciting and successful year, and 2011-12 has started very well. We look forward to continuing to bring positive results from the Company’s aggressive drilling campaign, and to creating value for our shareholders. Despite the exploration success achieved to date, as our CEO Darren Holden emphasized in his recent presentation at the Diggers & Dealers 2011 conference – “we have only just begun”.

3

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(ASX:ABU)
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Title Page Base

UPDATE THE TITLE Annual General Meeting 30 November 2011, 2:00pm “unlocking the potential of australia’s final frontier” Darren Holden – Managing Director

“unlocking the potential of australia’s final frontier”

DISCLAIMER

This presentation has been prepared by ABM Resources NL (“ABM” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

This presentation contains forecasts and forward looking information. Such forecasts and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. ABM has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, ABM makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation.

You should not act or refrain from acting in reliance on this presentation material. This overview of ABM does not purport to be all inclusive or contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making any investment decision.

Technical Statement / Competent Persons Statement

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Darren Holden who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Holden is a full time employee of ABM Resources NL and 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 Exploration Results, Mineral Resources and Ore Reserves”. Mr Holden consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.

Refer to previous Company Press-Releases for full resource estimation details, drill hole details, and intercept calculations. A full list is provided in Appendix 1.

Details of the Buccaneer Gold Deposit Inferred Resource are in Appendix 2.

Drill Early & Drill Deep “unlocking the potential of australia’s final frontier”

“unlocking the potential of australia’s final frontier”

“unlocking the potential of australia’s final frontier

Structure

ASX:ABU

Shares on issue Share options (VWAP ~1.6c) Cash (end of Sept 2011) Market Capitalisation (7.2 cents) Fully Diluted Enterprise Value (7.2 cents)

= 2,668M = 580M =~$13.1M = ~$192.1M = ~$211.4M

Chairman Mike Etheridge Managing Director Darren Holden Non-Exec Director Imants Kins Non-Exec Director Graeme Sloan

Company Secretary / CFO

Jutta Zimmermann

Tanami Exploration (Tanami Gold)
Craton Capital
HSBC Custody Nominees
19.04%
7.04%
5.77%
Citicorp Nominees 4.31%
Sun Hung Kai Investments 4.02%
Jemaya Pty Ltd 3.76%
Emma Radford 2.68%
N. Featherby 2.43%
National Nominees 1.61%
Rexfam / King and related parties 1.60%
Perth Select Seafood 1.13%
M F Custodians Ltd 0.90%
CS Fourth Nominees 0.81%
Darren Holden 0.78%
Valentino 0.69%
Total Top 15 Shareholders
56.57%

Analyst Coverage:

  • Hartleys Limited

  • Canaccord BGF

  • Patersons

ABM’s Board and Management have a proven track record of grass-roots discoveries.

  • GMP Europe

“unlocking the potential of australia’s final frontier”

2011 Share Price Performance

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Old Pirate
Kroda Buccaneer Stage 2a
Craton Discovery Extensions Trench
Capital High Grade Results
Investment Gold at Old
Empress
$8M Pirate Old Pirate
Discovery
Caribbean Cypress Stage1
Discovery Discovery Trench
Results
First Drill
Results from
2011
Old Pirate
Metallurgical
Results
Buccaneer
Resource
5
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“unlocking the potential of australia’s final frontier”

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Where we are

Australia’s largest EL/ELA position for junior gold 31,000 sq km 0.4% of Australia’s continental land-mass 100% owned ELs / ELAs

“unlocking the potential of australia’s final frontier”

Twin Bonanza - Buccaneer

Buccaneer Porphyry Maiden Resource Estimation – Feb 2011

  • February 2011 Inferred Resource of:

  • 65.8Mt @ 0.79g/t Au for 1.67Moz gold (0.2g/t cut-off):

  • 36.9Mt @ 1.01g/t Au 1.2Moz Ounces (0.5g/t cut-off)

  • 8.7Mt @ 2.01g/t Au 0.56Moz Ounces (1.1g/t cut-off).

  • Inferred Resource extends over area of 600m x 400m.

  • Fully independent by SRK Consulting Ltd.

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Cross section
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Long Section
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“unlocking the potential of australia’s final frontier”

Twin Bonanza Camp

Buccaneer Gold Porphyry

  • 363m @ 0.59g/t gold including:

  • 202m @ 1.00g/t gold inc:

    • 39m @ 2.24g/t gold.
  • 341m @ 0.69g/t gold inc:

  • 93m @ 0.70g/t gold and

  • 127m @ 1.18g/t gold inc:

    • 67m @ 2.07g/t gold.
  • 221m @ 0.95g/t gold inc:

  • 172m @ 1.11g/t gold inc:

    • 81m @ 2.03 g/t gold.
  • 427m @ 0.52g/t gold inc:

  • 39m @ 2.22g/t gold

  • 32m @ 1.44g/t gold

  • 35m @ 1.20g/t gold.

Plan view of southern portion of the Buccaneer Porphyry Prospect showing drill hole locations and geology. Map includes inferred composite contour at various grade cut-offs from drilling projected from various levels to surface i.e. does not represent single level plan-slice – refer to previous releases for further information.

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“unlocking the potential of australia’s final frontier”

Twin Bonanza Camp

Buccaneer Gold Porphyry

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Chlorite / Biotite / Qtz fractures / stock-
working in porphyry – typical grade 0.2 to
1.5g/t Au over wide widths.
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Intense sulphide development with high As / pyrite / alteration. Typical grade 1 to 10g/t Au.

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Flat lying grey quartz veins with visible gold. Up to 60g/t Au over narrow widths.

“unlocking the potential of australia’s final frontier”

Twin Bonanza Camp Buccaneer Gold Porphyry EXTENSIONS & 2011 DISCOVERIES

  • Caribbean Zone (NW of Buccaneer)

  • Porphyry hosted fracture / vein high sulphide (up to 10%)

  • 36m @ 2.06g/t gold inc. 11m @ 3.16g/t gold (OPEN)

  • 5m @ 27.55g/t gold inc. 2m @ 67.44g/t gold (OPEN).

  • Cypress Zone

  • Contact mineralisation inferred to possibly connect with Caribbean (Target 1200m long)

  • 26m @ 5.53g/t gold inc. 7m @ 20.13g/t gold (OPEN).

  • West Sedimentary Zone (West Caribbean to Cypress)

  • Sedimentary hosted oxide gold mineralisation

  • 16m @ 1.01g/t gold (OPEN).

  • Empress Zone (SE of Buccaneer)

  • Sedimentary hosted oxide mineralisation

  • 43m @ 1.02g/t gold (OPEN).

  • Eastern Contact Zone

  • Porphyry hosted zone

  • 48m @ 0.58g/t gold (OPEN).

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10

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Twin Bonanza Camp - 30 Targets

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  • The Trans Tanami Structure.

  • ~80sq km of anomalism.

  • 30 individual targets.

  • Both Bulk Tonnage and High Grade.

“unlocking the potential of australia’s final frontier”

Twin Bonanza Camp

Old Pirate High Grade Gold Prospect

  • 3km long gold anomaly located 1.8km from Buccaneer.

  • • 600m x 250m long central / south area.

  • ABM’s results include:

  • 43m @ 7.0g/t gold inc:

    • 17m @ 16.72g/t gold.
  • 5m @ 274g/t gold inc:1m @ 1360g/t gold.

  • 9m @ 100.9g/t gold inc:2m 413.5g/t gold.

And previous results:

  • 13m @ 6.24g/t gold

  • • 3m @ 10.30g/t gold

  • 6m @ 26.69g/t gold

  • 7m @ 22.98g/t gold

  • 10m @ 11.86g/t gold 1m @ 46.60g/t gold.

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12
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“unlocking the potential of australia’s final frontier”

Twin Bonanza Camp – Old Pirate Northern Extensions

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High grade gold panned from RC drill chips.

9m @ 100.9g/t Au 2m @ 413.5g/t Au

“unlocking the potential of australia’s final frontier”

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Twin Bonanza Camp

Old Pirate High Grade Gold Prospect

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  • 3km system.

  • Metallurgically outstanding:

  • 85.4% recovery from simple gravity concentration.

  • 99.5% recovery from combined gravity concentration + cyanide leach.

“unlocking the potential of australia’s final frontier”

Twin Bonanza Camp

Old Pirate High Grade Gold Prospect –

Longitudinal trenching results

  • Phase 1 & 2a:

  • Overall 282m strike length av. 22.45g/t gold.

  • 83m strike length av. 56.31g/t gold

  • 30m strike length av 26.58g/t gold

  • 46m strike length av 10.59g/t gold

  • 1,000 SAMPLES to come

“unlocking the potential of australia’s final frontier”

Twin Bonanza Camp Old Pirate High Grade Gold Prospect – Longitudinal trenching results

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Phase 1 & Phase 2a Combined Old Pirate Bulk Trenching Statistics Phase 1 & Phase 2a Combined Old Pirate Bulk Trenching Statistics
Total number of samples 324
Average weight per sample 3.67kg
Total weight of samples 1,188kg
Minimum grade (Au g/t) 0.017g/t gold
Maximum grade (Au g/t) 697g/t gold
Total samples >10g/t, re-assayed
using Fire Assay / AA25 ore-grade
method.
90 (out of 324) averaging 72.9g/t gold
Total samples >100g/t, re-assayed
using AA25 over limit dilution
method.
18 (out of 324) averaging 232.48g/t
gold
Total area of vein exposed in Phase 1
& 2a
343.6 square metres
Arithmetic mean (average) of assays 22.03g/t gold
Weighted mean (average weighted
by sample weight) of assays to gain
overallgrade ofquartz sampled.
22.45g/t gold

 Surface Quartz Gold Sample length 8cm

16

“unlocking the potential of australia’s final frontier”

Twin Bonanza Camp

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EC Zone Discovery
Empress Discovery Corsair Port-Starboard
196m @ 0.32g/t
43m @ 1.02g/t
1m @ 4.05g/t 52m @ 0.32g/t
2km anomaly 18m @ 0.59g/t
Cypress Discovery
Bandit
26m @ 5.53
1m @ 13.25g/t
7m @ 20.13
West Sed Zone
16m @ 1.01g/t
Old Pirate Trenches
Av. 22.45g/t (vein
Caribbean length 282m)
Old Pirate HG
Discovery
43m @ 7.0g/t
36m @ 2.06g/t Buccaneer
5m @ 274g/t
5m @ 27.55g/t
1.67Moz Au 2m @ 413.5g/t
Landlubber
> 10,000m of drilling from Old Pirate South
Sediments / Old Pirate Far North
Rocks >2000g/t
multiple targets pending altered intrusion 11m @ 3.55g/t
Assay 1m @ 32g/t
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“unlocking the potential of australia’s final frontier”

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ABM Resources & Tanami Gold = Emergent District: ~4Moz Au Resource District and Growing

Hyperion Borgardus Camp Discovery pending Multiple Targets Soldier Camp resource Multiple targets

Coyote + Bald Hill Mine 550Koz Au Resource / Reserve TANAMI GOLD

Central Tanami + Groundrush 1.75Moz Au Resource TANAMI GOLD

35km

Twin Bonanza – 1.67Moz Au Resource + 5 discoveries pending drill to resource + 30 targets

Mallie Camp Multiple targets

“unlocking the potential of australia’s final frontier

Hyperion Gold Project

18km from Tanami Gold’s Groundrush Deposit (1.1Moz total endowment)

  • 5 Prospects including 2 discoveries

  • Hyperion Central

  • 400m long zone confirmed from surface to depths ~300m.

    • 60m @ 2.57g/t gold inc:

      • 11m @ 4.89g/t gold

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Hyperion South & Central
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     - **21m @ 4.27g/t gold.**
  • Hyperion South Drill Results inc:

  • 200m long zone from surface to depths ~200m.

  • 13m @ 10.41g/t gold inc:

    • 3m @ 36.03g/t gold.
  • 22m @ 2.57 inc:

    • 11m @ 4.29g/t gold.

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Groundrush
550KOz Resource
550KOz past
production
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“unlocking the potential of australia’s final frontier”

Other Regional Projects

North Tanami Large gold anomalies untested Hyperion 60m @ 2.57g/t Au 13m @ 10.41g/t Au Twin Bonanza 1.67Moz + 5 Discoveries pending resource drilling

North Arunta 60km stretch of untested TransTanami Structure

Kroda – 4 targets 14km anomalism Twin Bonanza 57m @ 3.83g/t 1.67Moz + 5 29m @ 6.48g/t Discoveries pending resource drilling Mallie Look-alike Barrow Creek Regional geophysical 180km structural corridor signatures to Callie Large untested gold anomalies Lake Mackay Copper-Gold Targets Stafford – 10 targets 18m @ 3.05g/t and 20km anomalism 27m @ 0.25% Cu 35m @ 2.02g/t Au in shallow drilling. 2m @ 18.15g/t Au

“unlocking the potential of australia’s final frontier”

Kroda Gold Project

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18km from Stuart Highway + Rail + Gas

  • 14 km of near surface anomalism, gold + base metal potential

  • 4 individual targets

  • Kroda 3

  • 400m strike main trend.

  • 125m strike high grade pipe.

  • Drill Results:

  • 57 metres @ 3.83g/t gold inc:

    • 29m @ 6.38g/t gold inc:

      • 12m @ 15.69g/t gold.
  • 91m @ 1.44g/t gold inc:

    • 33m @ 3.22g/t gold inc:

      • 24m @ 4.28g/t gold.

“unlocking the potential of australia’s final frontier”

Possibly the most underexplored Proterozoic mineral region on the planet. 3500km2 not tested

Potential for:

  • Gold

  • Gold-Copper

  • Base Metals

  • Iron Oxide Copper Gold (IOCG) deposits.

  • Orogenic High Grade Gold deposits.

  • Porphyry / intrusion related gold and base metal deposits.

  • Ultramafic intrusion related Nickel-Copper–Platinum deposits.

  • Banded Iron Formation related iron-ore deposits.

  • Rare Earth Element deposits.

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“unlocking the potential of australia’s final frontier”

Proposed News Flow

~13,000 metres of drilling from multiple targets pending assay. + 1,000 metres of trenching pending assay.

December 2011

Old Pirate Phase 2 and 3 trenching results

November 2011

Old Pirate Phase 2 of trenches

Drill results from Buccaneer

October 2011

Resource Drilling at Cypress Hyperion Caribbean Further Buccaneer / Caribbean and Hyperion Cypress Results Lake Mackay Results

Old Pirate Phase 1 of trenches

Caribbean

Results continue from Buccaneer, Old Pirate, Caribbean, Cypress

March 2012->

February 2012

Continue aggressive exploration building Australia’s premier gold discovery Company

Resource update / upgrade continues

January 2012

Final Results from Buccaneer, Caribbean, Cypress, Hyperion

Wet Season – resource update / upgrade continues

ABM aims to build multiple discoveries into gold resources and become Australia’s preeminent discovery company.

“unlocking the potential of australia’s final frontier”

Summary

The Company…

Strong Management. Passionate exploration team. Flexible and highly mobile setup. Focused on GOLD and GOLD-COPPER.

The Assets…

Five new Discoveries and 1.67Moz Resource. ~60 Regional Targets. Largest junior gold land holding in Australia. Controlling the upside of the most underexplored gold belt in the Country.

The Future...

Constant stream of drill results and resource updates. Advancing Twin Bonanza Gold Camp.

Drilling early and deep.

Aggressive exploration approach, running multiple rigs simultaneously at multiple locations.

“unlocking the potential of australia’s final frontier”

Expenditure Distribution for the Financial Year Ended 30 June 2011

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“unlocking the potential of australia’s final frontier”

Thank you.

For Further Information Please Contact ABM Resources Managing Director – Darren Holden CFO / Company Secretary – Jutta Zimmermann Investors Relations Coordinator – Berdine Mastaglia [email protected] Tel +61 (0) 8 9423 9777

“unlocking the potential of australia’s final frontier”

Appendix 1: List of ASX announcements relating to technical results in this presentation. Please refer for intercept calculation method, resource estimation, assay results and sampling techniques etc.

calculation method, resource estimation, assay results and sampling
29/11/2011 High Grade Old Pirate Phase 2a Trench Results
28/11/2011 Twin Bonanza Drill Results ExtendingCaribbean to Cypress
24/11/2011 Historic Access Agreement Signed for Lake MackayRegional
24/11/2011 Lake MackayPhase 1 Drill Results
09/11/2011 DrillingCommences at Hyperion
24/10/2011 Further Buccaneer Drill Results
13/10/2011 Old Pirate TrenchingCombined Strike Length [email protected]/t Au
11/10/2011 Buccaneer Extension 26m @ 2.9g/t within 18m @ 4.05g/t Gold
27/09/2011 Drillingat Kroda Confirms Second DiscoveryCampin the NT
12/09/2011 New Discoveryat Cypress Prospect with 26m @ 5.53g/t Gold
07/09/2011 Old Pirate Northern Extensions Further High Grade Results
02/09/2011 Broadcast - ABM Gold Assays over 400 Gramsper Tonne
31/08/2011 Old Pirate Northern Extensions High Grade Drill Results
24/08/2011 DrillingCommences at Lake MackayCopper-Gold Targets
17/08/2011 Caribbean Zone and Buccaneer Deposit SignificantlyExtended
10/08/2011 Updated Investor Presentation
09/08/2011 Broadcast Spectacular Gold at Old Pirate Northern Extensions
08/08/2011 Spectacular Gold at Old Pirate Northern Extensions
01/08/2011 Further Extensional Buccaneer Drill Results
18/07/2011 Further Extensions at Buccaneer and New PorphyryDiscovery
04/07/2011 New SedimentaryHosted Oxide Gold Discoveryat Twin Bonanza
20/06/2011 DrillingCommences at the Kroda Gold Project
17/06/2011 Broadcast -ABM hits New Gold Zone and Extends Mineralisation
16/06/2011 Further Success at Buccaneer - Discoveryat Caribbean Zone
09/06/2011 First 2011 DrillingExtends Buccaneer
10/05/2011 Updated Investor Presentation
09/05/2011 Exploration Update Twin Bonanza Program Ahead of Schedule
27/04/2011 Extensional DrillingUnderwayat Buccaneer Western Zone
04/04/2011 Metallurgical Tests Reveal High QualityOre - 99.5% Recovery
22/03/2011 Presentation - Twin Bonanza and 1.67 Moz Buccaneer Deposit

21/02/2011 Presentation - 1.67 Moz Gold - And We`ve Only Just Begun 21/02/2011 Maiden Resource Estimation for Buccaneer 03/02/2011 Twin Bonanza Gold Camp Expands to 30 Targets 31/01/2011 New Targets at Twin Bonanza Gold Camp 13/01/2011 Buccaneer Porphyry Delivers Impressive Results 11/01/2011 Drill Results from the Hyperion Gold Project 13/12/2010 Buccaneer Continues To Grow With Step Out Drilling 15/11/2010 2010 Old Pirate Drilling and Screen Fire Assay Program 04/11/2010 ABM adds second drill rig to NT exploration programs 18/10/2010 Step Out Drilling at Buccaneer Delivers Excellent Intercepts 22/09/2010 ABM Continues to Expand Buccaneer Gold Porphyry 13/09/2010 Best Intersection at Buccaneer - 202m grading 1g/t Gold 31/08/2010 Update Old Pirate High Grade Gold Prospect at Twin Bonanza 19/08/2010 Buccaneer Porphyry Gold Drill Results Double Vertical Extent 27/07/2010 Bonanza Grades at Old Pirate - 5 metres at 274 g/t Gold 12/07/2010 Drill Results - 35m at 6.35g/t Au inc 8m at 21.78g/t Au 07/07/2010 Exploration Update - Visible Gold at Old Pirate South 15/06/2010 Exploration Update from Twin Bonanza

24/05/2010 First Drill Results - High Grade Intercept Extends Sabre 13/05/2010 Samples Return 20.3% Copper and 271 g/t Silver

27/04/2010 ABM Resources Announces the Commencement of Drilling 16/04/2010 Presentation - The Big 8

31/03/2010 Newmont Transaction Complete - Prioritising 8 Discoveries 16/03/2010 Kroda Gold Project - 6 Metres at 25.9g/t Gold

09/03/2010 Hyperion Gold Project with 60 m at 2.57 g/t Gold

02/02/2010 The Old Pirate High Grade Gold Project

01/02/2010 Detail on the Twin Bonanza Porphyry Gold Project

28/01/2010 Acquisition of Advanced Gold Prospects from Newmont 18/01/2010 Exploration Update for Reynolds Range Project Area 07/01/2010 ABM Provides Exploration Update for Lake Mackay Project

“unlocking the potential of australia’s final frontier”

Appendix 2: Buccaneer Gold Deposit Inferred Resource. Refer release dated 21/02/2011 for further details.

Cut-off Grade
(g/t)
Million Tonnes
(Mt)
Gold Grade
(g/t)

Contained Gold
(Million Ounces(Moz))
0.2 65.8 0.79 1.67
0.5 36.9 1.01 1.19
1.1 8.7 2.01 0.56

Note – Million Tonnes (MT) rounded to 3 significant figures; gold grade rounded to 2 significant figures and Million Ounces (Moz) rounded to 3 significant figures. Refer to release dated 21/02/2011 for further details.