PRODIGY GOLD NL — Capital/Financing Update 2015

Oct 5, 2015

ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABU

6P th October, 2015 P

Announcing the Bumblebee Gold – Copper – Silver – Lead – Zinc – Cobalt Discovery

ABM Resources NL ("ABM" or "the Company") is pleased to provide an update on recent drilling in the Du Faur Project area, part of the Company's Lake Mackay alliance with Independence Group NL ("IGO") (ASX:IGO).

The Bumblebee Prospect Discovery:

• Located 55 kilometres north east of the town of Kintore and 400 kilometres west of Alice Springs in the Northern Territory and part of the wider Du Faur Project area / Warumpi Margin Project.
• First drill results from the oxide, supergene and fresh-rock (sulphide) zones respectively at the Bumblebee Prospect include:
  • o 2 metres averaging 1.3g/t gold, 34.6g/t silver, 7.4% copper, 1.3% lead, 1.6% zinc and 0.09% cobalt ~25 metres below surface
  • o 7 metres averaging 3.3g/t gold, 37.7g/t silver, 3.2% copper, 0.9% lead, 1.3% zinc and 0.08% cobalt ~30 metres below surface
  • o 5 metres averaging 2.4g/t gold, 12.4g/t silver, 1.4% copper, 0.2% lead, 1.0% zinc and 0.1% cobalt ~48 metres below surface
• Multi-element surface geochemistry anomaly > 1 kilometre in strike length
• Metal association and geology indicate analogies to Cloncurry style iron oxide copper gold (IOCG) deposits.

Next Steps at Bumblebee and Surrounding Areas:

• IGO and ABM to extend the alliance in this region
• Further exploration to include geophysics, geochemistry and drilling.

Darren Holden, Managing Director of ABM Resources said, "This is a remarkable set of first drill results from Bumblebee. These results are not only a new discovery, but as the first high-grade drill results in this entire region potentially herald a whole new mineral district. We look forward to bringing you further updates on this exciting development."

Du Faur Project Area (EL24915) including Bumblebee Discovery

Figure 1. Bumblebee drilling cross-section view west.

The Bumblebee Prospect is located within the Du Faur Project area (EL24915) approximately 55 kilometres north east of Kintore, 17 kilometres north of the Gary Junction Road and ~400 kilometres west of Alice Springs in the Northern Territory.

In the second half of 2014, Independence Group NL (IGO), in alliance with ABM, conducted broad spaced soil sampling throughout EL24915. This program identified numerous multi-element soil anomalies and also a rock sample was collected that returned results including 1.60% nickel, 1.61% cobalt and 38.5% manganese (refer release 30/01/2015).

As part of the follow up work, IGO recently drill tested numerous geochemistry anomalies with a shallow air-core drill program.

Drilling at the Bumblebee Prospect intersected gold, silver, copper, lead, zinc and cobalt mineralisation in the oxide zone, in a supergene-enriched zone and in fresh rock (refer Figure 1). The oxide zone mineralogy includes malachite, azurite and chrysocolla (secondary copper oxide minerals) with native copper in the supergene zone. In the fresh rock, minerals observed include chalcopyrite (copper sulphide), pyrite (iron sulphide) and magnetite (iron oxide).

The Bumblebee Prospect consists of a multi-element soil geochemistry anomaly that strikes east-west for over 1 kilometre. The peak of the soil geochemistry anomaly is coincident with a window through the transported sand-dune sediments and it is possible that anomalism extends farther under sand cover. In drilling, mineralisation was intersected on one drill section which indicates a southerly dipping mineralised zone within an east-west striking structure. Further work is required establish the extents and geometry of this mineralised zone.

The combination of the multi-element metal association, the high-grade metamorphic rocks and presence of magnetite is similar to distal signatures of Cloncurry-style iron oxide copper gold (IOCG) deposits (e.g Ernest Henry or Osborne copper-gold mines in Queensland). However, further work is required to form a coherent metallogenic model for this region and this interpretation may change.

The next steps at Bumblebee include an aeromagnetic survey to identify prospective structures and accumulations of magnetite (IOCG analogues); ground-based electromagnetic techniques for targeting accumulations of massive or disseminated sulphide minerals; along with further surface geochemistry and drilling.

Figure 2. Bumblebee drill program and geochemical anomaly map on aerial imagery

Figure 3. Du Faur project area showing prospect locations with interpreted geology

The drill program also tested 4 other geochemistry anomalies in this area. The Springer Prospect drilling returned 1m grading 2.8g/t gold. The Prowl Prospect drilling returned 1 metre grading 3.4g/t gold and 1 metre grading 2.4g/t gold.

The Warumpi Margin Project (part of the Lake Mackay Alliance)

The Arunta geological region is represented by Proterozoic metamorphosed sediments and intrusions consisting of geological provinces including the Aileron and Warumpi Provinces.

In early 2015, ABM acquired a further ~4900km*P* 2 P of exploration license applications (Figure 4) in this area that cover over 140km of strike length of a pronounced geophysical gravity ridge along the margin of the Aileron and Warumpi provinces. These exploration license applications also form part of the Lake Mackay alliance agreement with IGO (refer release 21/08/2013). IGO has completed the required expenditure for Phase 1 (option phase) of the agreement and a decision to proceed to Phase 2 (the earn-in phase) is required by November 2015. However, given that access on the Du Faur Project area was only granted last year, and exploration on this tenement and the wider Warumpi Margin Project is still in the early stage, both ABM and IGO have negotiated in principle to extend the option term to allow time for granting of new exploration licence applications and further on-ground exploration work. This extension is pending completion of paperwork and a further announcement will be made on this shortly.

ABM and IGO have also entered into an earn-in and joint venture agreement with Metals X Ltd for the adjoining tenement application immediately north of EL24915. This tenement application (EL29748) is held by Castile Resources Pty Ltd - a wholly owned subsidiary of Metals X Ltd (ASX:MLX). ABM and IGO (after granting of the tenement) can collectively earn an initial 51% of the tenement (pro-rata 70% IGO and 30% ABM) by spending $500,000 with further rights to earn up to 76.925%. This tenement is an application and, as with all exploration license applications in this area, requires consent of the traditional owners via the Central Land Council prior to granting. The IGO / ABM alliance is tasked with advancing the tenement to granted status.

Figure 4. Gravity geophysical map (bouguer anomaly) and ABM's exploration licenses at the Warumpi Margin Project

About ABM Resources

ABM is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade gold production such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.

Figure 5. ABM's land position in the Central Desert

Signed

Darren Holden – Managing Director

Competent Persons Statement

The information in this announcement relating to recent exploration drill results from the Lake Mackay Project is based on information compiled by Independence Group NL and reviewed / checked 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 2012 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.

Appendix 1:

Hole No	DepthFrom(m)	DepthTo(m)	Verticaldepth(m)	Width(m)	Gold(g/t)	Silver(g/t)	Copper(%)	Lead(%)	Zinc(%)	Cobalt(%)
15LMAC030	29	31	25	2	1.3	34.6	7.4	1.3	1.6	0.09
15LMAC031	35	42	30	7	3.3	37.7	3.2	0.9	1.3	0.08
15LMAC032	56	61	48	5	2.4	12.4	1.4	0.2	1.0	0.10

Table A1. Significant Intercept calculations for Bumblebee Tenements

All intercepts based on >1g/t gold.

Table A2. Drill hole details of 2015 drill program at Du Faur ordered from high to low on maximum gold assay in the hole.

Hole ID	HoleType	TotalDepth(m)	East(GDA94Zone52)	North(GDA94Zone 52)	RL(m)	Dip(degrees)	Azimuth	MaxAssayGold (g/t)	Prospect
15LMAC031	AC	52	588303	7450496	481	-60	0	6.144	Bumblebee
15LMAC032	AC	70	588304	7450472	481	-60	0	3.841	Bumblebee
15LMAC073	AC	31	559326	7445722	465	-60	315	3.433	Prowl
15LMAC033	AC	40	572704	7446795	475	-60	315	2.754	Springer
15LMAC071	AC	62	559301	7445750	468	-60	315	2.418	Prowl
15LMAC030	AC	46	588303	7450510	481	-60	0	1.398	Bumblebee
15LMAC034	AC	60	572720	7446782	475	-60	315	1.35	Springer
15LMAC036	AC	46	573012	7446968	476	-60	315	0.755	Springer
15LMAC035	AC	28	572727	7446817	474	-60	315	0.397	Springer
15LMAC077	AC	20	559363	7445687	467	-60	315	0.345	Prowl
15LMAC068	AC	31	572280	7446374	473	-60	135	0.273	Springer
15LMAC024	AC	55	588509	7450585	483	-60	0	0.224	Bumblebee
15LMAC069	AC	31	572269	7446381	481	-60	135	0.213	Springer
15LMAC029	AC	49	588299	7450533	481	-60	0	0.161	Bumblebee
15LMAC080	AC	19	559388	7445668	468	-60	315	0.134	Prowl
15LMAC084	AC	21	559428	7445622	469	-60	315	0.129	Prowl
15LMAC037	AC	49	572998	7446979	477	-60	315	0.113	Springer
15LMAC049	AC	36	572513	7446695	481	-60	130	0.085	Springer
15LMAC057	AC	37	572613	7446600	482	-60	130	0.078	Springer
15LMAC056	AC	32	572602	7446610	482	-60	130	0.073	Springer
15LMAC072	AC	40	559314	7445735	465	-60	315	0.072	Prowl
15LMAC048	AC	30	572517	7446687	474	-60	130	0.066	Springer
15LMAC081	AC	22	559403	7445653	468	-60	315	0.066	Prowl
15LMAC038	AC	49	573030	7446955	474	-60	315	0.065	Springer
15LMAC079	AC	19	559379	7445673	467	-60	315	0.065	Prowl
15LMAC083	AC	20	559418	7445629	469	-60	315	0.052	Prowl
15LMAC047	AC	31	572537	7446672	474	-60	130	0.05	Springer
15LMAC050	AC	31	572503	7446706	467	-60	130	0.044	Springer
15LMAC082	AC	28	559413	7445640	469	-60	315	0.039	Prowl

Hole ID	HoleType	TotalDepth(m)	East(GDA94Zone52)	North(GDA94Zone 52)	RL(m)	Dip(degrees)	Azimuth	MaxAssayGold (g/t)	Prospect
15LMAC055	AC	35	572591	7446619	481	-60	130	0.038	Springer
15LMAC060	AC	34	572331	7446617	484	-60	130	0.038	Springer
15LMAC074	AC	31	559338	7445711	465	-60	315	0.037	Prowl
15LMAC023	AC	58	588499	7450611	482	-60	0	0.036	Bumblebee
15LMAC067	AC	31	572294	7446366	476	-60	140	0.035	Springer
15LMAC089	AC	39	559279	7445772	465	-60	315	0.035	Prowl
15LMAC046	AC	34	572548	7446661	480	-60	130	0.033	Springer
15LMAC044	AC	40	572733	7446766	473	-60	315	0.032	Springer
15LMAC058	AC	31	572626	7446586	478	-60	130	0.032	Springer
15LMAC087	AC	19	559450	7445599	468	-60	315	0.027	Prowl
15LMAC028	AC	52	588300	7450556	481	-60	0	0.022	Bumblebee
15LMAC061	AC	30	572321	7446630	477	-60	130	0.022	Springer
15LMAC054	AC	34	572580	7446631	472	-60	130	0.021	Springer
15LMAC076	AC	20	559354	7445692	466	-60	315	0.021	Prowl
15LMAC026	AC	58	588305	7450606	481	-60	0	0.02	Bumblebee
15LMAC027	AC	58	588302	7450581	481	-60	0	0.019	Bumblebee
15LMAC065	AC	30	572279	7446670	478	-60	130	0.019	Springer
15LMAC045	AC	34	572557	7446650	471	-60	130	0.018	Springer
15LMAC011	AC	12	607200	7449669	496	-60	0	0.017	MR_F
15LMAC020	AC	23	606537	7441647	518	-60	0	0.016	MR_E
15LMAC053	AC	34	572569	7446639	472	-60	130	0.016	Springer
15LMAC003	AC	16	607001	7449674	498	-60	0	0.014	MR_F
15LMAC066	AC	31	572301	7446351	477	-60	135	0.013	Springer
15LMAC042	AC	46	572676	7446826	473	-60	315	0.012	Springer
15LMAC022	AC	31	588499	7450636	481	-60	0	0.011	Bumblebee
15LMAC007	AC	43	607004	7449512	497	-60	0	0.01	MR_F
15LMAC043	AC	44	572659	7446842	476	-60	315	0.01	Springer
15LMAC086	AC	18	559442	7445608	469	-60	315	0.01	Prowl
15LMAC008	AC	43	607002	7449468	498	-60	0	0.009	MR_F
15LMAC075	AC	31	559346	7445699	466	-60	315	0.009	Prowl
15LMAC078	AC	19	559370	7445679	467	-60	315	0.009	Prowl
15LMAC085	AC	19	559434	7445616	469	-60	315	0.009	Prowl
15LMAC088	AC	23	559469	7445583	468	-60	315	0.008	Prowl
15LMAC002	AC	4	607001	7449709	496	-60	0	0.007	MR_F
15LMAC014	AC	10	607203	7449547	496	-60	0	0.007	MR_F
15LMAC021	AC	32	606536	7441633	518	-60	0	0.007	MR_E
15LMAC039	AC	46	572984	7446996	477	-60	315	0.007	Springer
15LMAC051	AC	32	572493	7446715	471	-60	130	0.007	Springer
15LMAC070	AC	31	572261	7446393	482	-60	135	0.007	Springer
15LMAC006	AC	9	607010	7449546	497	-60	0	0.006	MR_F
15LMAC010	AC	6	607203	7449708	496	-60	0	0.006	MR_F
15LMAC040	AC	43	572966	7447011	474	-60	315	0.006	Springer
15LMAC041	AC	40	572690	7446812	474	-60	315	0.006	Springer

Hole ID	HoleType	TotalDepth(m)	East(GDA94Zone52)	North(GDA94Zone 52)	RL(m)	Dip(degrees)	Azimuth	MaxAssayGold (g/t)	Prospect
15LMAC025	AC	49	588511	7450560	482	-60	0	0.005	Bumblebee
15LMAC063	AC	31	572300	7446648	478	-60	130	0.005	Springer
15LMAC004	AC	17	606998	7449633	498	-60	0	0.004	MR_F
15LMAC005	AC	16	607000	7449590	498	-60	0	0.004	MR_F
15LMAC013	AC	7	607201	7449589	497	-60	0	0.004	MR_F
15LMAC062	AC	31	572310	7446640	477	-60	130	0.004	Springer
15LMAC064	AC	31	572290	7446658	478	-60	130	0.004	Springer
15LMAC012	AC	5	607197	7449622	497	-60	0	0.003	MR_F
15LMAC017	AC	5	606901	7441709	520	-60	0	0.003	MR_E
15LMAC052	AC	31	572482	7446725	480	-60	130	0.003	Springer
15LMAC001	AC	10	606999	7449750	497	-60	0	0.002	MR_F
15LMAC009	AC	7	607200	7449751	497	-60	0	0.002	MR_F
15LMAC015	AC	5	607203	7449512	497	-60	0	0.002	MR_F
15LMAC016	AC	13	607202	7449471	495	-60	0	0.002	MR_F
15LMAC018	AC	22	606903	7441692	520	-60	0	0.002	MR_E
15LMAC059	AC	34	572343	7446608	477	-60	130	0.002	Springer
15LMAC019	AC	28	606903	7441672	520	-60	0	0.001	MR_E

JORC Code, 2012 Edition – Table 1- Du Faur Project Area, Lake Mackay Drilling 2015

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 standardmeasurement tools appropriate to the minerals underinvestigation, such as down hole gamma sondes, orhandheld XRF instruments, etc). These examples shouldnot be taken as limiting the broad meaning ofsampling.Include reference to measures taken to ensure samplerepresentivity and the appropriate calibration of anymeasurement tools or systems used.Aspects of the determination of mineralisation that areMaterial to the Public Report.In cases where 'industry standard' work has been donethis would be relatively simple (eg 'reverse circulationdrilling was used to obtain 1 m samples from which 3kg was pulverised to produce a 30 g charge for fireassay'). In other cases more explanation may berequired, such as where there is coarse gold that hasinherent sampling problems. Unusual commodities ormineralisation types (eg submarine nodules) maywarrant disclosure of detailed information.	Aircore Drilling (AC) was undertaken in 2015 to test 5 soilgeochemical anomalies. 89 holes were drilled to an averagedepth of 31.2 metres, for 2781 metres.One metre AC samples were collected and composited to fourmetres to produce a 3kg sample.Samples were dried, pulverised to -75um and split to produce anominal 200 gram sub sample. A 10g charge was analysed usingaqua-regia digestion with an MS finish for gold and pathfinderelements.For anomalous samples individual metre samples were alsocollected.An end of hole (EOH) sample was collected forlithogeochemistry. A 3kg sample was collected. The sample wasdried, pulverised to -75um and split to produce a nominal 200gram sub sample. This was analysed with Lithium Borate Fusionwith an ICP-OES and ICP-MS finish.Magnetic susceptibility was recorded for each compositesample.Lithogeochemistry has also been conducted on selectedsamples to aid in understanding the style of mineralizationpresent on the project. This was analysed with Lithium BorateFusion with an ICP-OES and ICP-MS finish, a 4 acid digestionwith an ICP-OES and ICP-MS finish, Fire Assay with an MS Finish.
Drilling techniques	Drill type (eg core, reverse circulation, open-holehammer, 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).	A Drillboss 200 AC drilling rig, owned and operated by BostechDrilling, was used to collect the AC samples. The face samplingAC bit has a diameter of 87mm (3.5 inches) and collects samplesthrough an inner tube reducing the potential for samplecontamination.In fresh rock, an 87mm (3.5 inches) aircore hammer was used.
Drill sample recovery	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 sample recoveryand grade and whether sample bias may have occurreddue to preferential loss/gain of fine/coarse material.	The sample recovery was estimated by the relative size of thepiles of drill spoil that were placed on the ground.Sample quality was recorded during logging (wet\dry samples)and qualitative recovery codes (C=contaminated, G=good,M=moderate, O=oversize, P=poor, U=undersize) were assignedto the samples.
Logging	Whether core and chip samples have been geologicallyand geotechnically logged to a level of detail to supportappropriate Mineral Resource estimation, miningstudies and metallurgical studies.Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc) photography.The total length and percentage of the relevantintersections logged.	The AC chips were logged on 1 metre intervals using the IGOcoding system. Lithology, weathering, colour, alteration, veiningand mineralisation and oxidation state are logged. This drilling isfor exploration purposes and is not intended for resourceestimation. No geotechnical logging was conducted.Sampling was Qualitative (geological logging) and Quantitative(magnetic susceptibility).Each hole was logged and sampled in full. A representative chipsample of each metre drilled was collected for future reference.

Criteria	JORC Code explanation	Commentary
Sub-sampling techniquesand sample preparation	If core, whether cut or sawn and whether quarter, halfor 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 andappropriateness of the sample preparation technique.Quality control procedures adopted for all subsampling stages to maximise representivity of samples.Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for field duplicate/secondhalf sampling.Whether sample sizes are appropriate to the grain sizeof the material being sampled.	One-metre drill samples were laid out on to the ground in 10mrows and four-metre composite samples of approximately 3kgwere collected using an aluminium scoop, into pre-numberedcalico bags. The majority of samples (>90%) were dry.Samples were prepared at the Intertek Laboratory in AliceSprings. Samples were dried and the whole sample pulverised to85% passing 75µm, and a sub-sample of approx. 200g retained.10g was used for analysis.A duplicate field sample was taken at a rate of 1 in 50.Field duplicate assay results are reviewed to confirm that thesample results are representative.For exploration drilling the sample size is considered appropriateto give an indication of mineralisation given that the sample iscrushed to -75µm.
Quality of assay data andlaboratory tests	The nature, quality and appropriateness of theassaying and laboratory procedures used and whetherthe technique is considered partial or total.For geophysical tools, spectrometers, handheld XRFinstruments, etc, the parameters used in determiningthe analysis including instrument make and model,reading times, calibrations factors applied and theirderivation, etc.Nature of quality control procedures adopted (egstandards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy (ielack of bias) and precision have been established.	Aqua Regia with an MS finish was used, this has a detection limitof 1ppb Au.All samples >500ppb Au were re-assayed using fire assay.Any metals that exceeded the Aqua Regia threshold were reassayed using a 4 acid digestion. These methods are consideredappropriate for AC drilling.No geophysical or XRF results are used in exploration resultsreported.Laboratory QAQC involves the use of internal lab standards andblanks using certified reference materials. Lab duplicates arealso monitored to ensure the sample results are representative.Independence Group also provides reference samples andblanks that are inserted every 50 samples.
Verification of sampling andassaying	The verification of significant intersections by eitherindependent 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.	Significant intersections were checked by IGO personnel andABM personnelNo twinned holes were completed.Primary data was collected in Field Marshall files. Data areimported directly to the database with importers that have builtin validation rules. Assay data are imported directly from digitalassay files and are merged in the database with sampleinformation. Data are uploaded to a master SQL database storedin Perth, which is backed up daily. Data is reviewed and manuallyvalidated upon completion of drilling.On occasions assay analysis will be repeated if they fail thecompany QAQC protocols, however, no adjustments are madeto assay data once accepted into the database.
Location of data points	Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches, mineworkings and other locations used in Mineral Resourceestimation.Specification of the grid system used.Quality and adequacy of topographic control.	Hole collars were recorded using Garmin handheld GPS.Expected accuracy is + or – 5m for easting and northing. All holeswere drilled to -60 dip and no down-hole surveys wereundertaken. The azimuth of the drill collars were measured witha compass and recorded in the database.The grid system is MGA_GDA94 (zone 52), local easting andnorthing are in MGA.Handheld GPS is adequate for AC drilling.
Data spacing anddistribution	Data spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficientto establish the degree of geological and gradecontinuity appropriate for the Mineral Resource andOre Reserve estimation procedure(s) and classificationsapplied.Whether sample compositing has been applied.	The data spacing was designed to cover the peak of the soilanomalies that were identified. Due to the low degree ofweathering the hole depth was reduced and the drill spacing wastightened up due to slow penetration rates with the hammer.This drilling is not used for resource estimation, it was intendedto attempt to identify bedrock sources of multi-element soilgeochemical anomalies associated with gold mineralisedsystems.

Criteria	JORC Code explanation	Commentary
		Samples were composited over 4 metres. 1m splits weresubsequently collected for analysis by a broader suite ofelements with ore grade detection limits.
Orientation of data inrelation to geologicalstructure	Whether the orientation of sampling achieves unbiasedsampling of possible structures and the extent to whichthis is known, considering the deposit type.If the relationship between the drilling orientation andthe orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	The drill lines were designed to be perpendicular to the soilanomalies.No sampling bias is considered to have been introduced.
Sample security	The measures taken to ensure sample security.	The drill samples were collected in pre-numbered calico bagsand then placed in poly-weave bags. They were transportedfrom the field to the sample preparation laboratory in AliceSprings by XM Logistics personnel who were contracted toIndependence Group. Once the sample preparation is completedin Alice Springs the samples are transported to Perth for analysisusing the laboratories standard chain of custody procedure.
Audits or reviews	The results of any audits or reviews of samplingtechniques and data.	No specific audits or reviews have been undertaken at this stagein the programme.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation
Mineral tenement and landtenure status	Type, reference name/number, location and ownershipincluding agreements or material issues with third partiessuch as joint ventures, partnerships, overriding royalties,native title interests, historical sites, wilderness ornational park and environmental settings.The security of the tenure held at the time of reportingalong with any known impediments to obtaining a licenceto operate in the area.	The Lake Mackay Project currently consists of the followinggranted tenements:EL9343, EL9442, EL9449, EL10305, EL10306, EL24299,EL24492, EL24567, EL24858, EL24915, EL24949, EL25630,EL25632, EL25866, EL27780, EL27872, EL27906, EL28028,EL29459, EL29460, EL29483The tenements are in good standing and no knownimpediments exist.ABM and Independence Group NL ("IGO") entered into amulti-phase agreement covering the Lake Mackay Project on21 August 2013.Phase1 – Option Phase (ABM retains 100% interest).IGO earns the right to proceed to Phase 2 by spending$1.6 million on exploration expenditure within 2 years.Phase 2- IGO has the option to enter into a farm-in andjoint venture agreement with ABM to earn a 70%interest in the project. This would involve making a $1Mcash payment to ABM or subscribing for $1.5M ABMshares in placement with a 6 month escrow period andspending $6M on exploration on the project over 4years.
Exploration done by otherparties	Acknowledgment and appraisal of exploration by otherparties.	Historically, large parts of the Lake Mackay project area havebeen moderately explored since 1996 by Newmont Pty Ltdand then Tanami Gold NL. Hundreds of surface samples werecollected and Vacuum-RAB-AC drill holes completed, mainlywithin the areas of residual soils close to known intercepts.A number of prospects were identified from this work andmore moderate levels of shallow RAB, and variousgeophysical surveys were completed. This explorationidentified some sub- economic gold (Au) occurrences,although follow-up work was not completed at that time.ABM followed up these anomalies and conceptual targets in2011 with targeted and reconnaissance RC drilling, thisverified the Tekapo Au and Cu anomalism.

Criteria	JORC Code explanation
		EL24915 was previously explored by BHP in the South TanamiJV. BHP flew a Geotem survey in 1999 and did ground EM anddrilling in 2004 targeting Ni sulphides.
Geology	Deposit type, geological setting and style ofmineralisation.	The project area is considered highly prospective for orogenicshear hosted gold deposits based on similarities that existbetween the West Arunta and the Granites- Tanami Block withrespect to gold deposition timing and structural settings.The region is also considered to have potential for a range ofcommodities and mineralising styles. These type of depositsinclude:IOCGPorphyry/intrusion related gold and base metals(including IRG)Ultramafic intrusion related Ni-Cu-PGE
Drill hole Information	A summary of all information material to theunderstanding of the exploration results including atabulation of the following information for all Materialdrill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level – elevation above sealevel 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 the basisthat the information is not Material and this exclusiondoes not detract from the understanding of the report,the Competent Person should clearly explain why this isthe case.	Included in Table A1 and A2
Data aggregation methods	In reporting Exploration Results, weighting averagingtechniques, maximum and/or minimum gradetruncations (eg cutting of high grades) and cut-off gradesare usually Material and should be stated.Where aggregate intercepts incorporate short lengths ofhigh grade results and longer lengths of low graderesults, the procedure used for such aggregation shouldbe stated and some typical examples of suchaggregations should be shown in detail.The assumptions used for any reporting of metalequivalent values should be clearly stated.	Only intersections > 1g/t Au are displayed in Tables A1. Peakassay for each drill hole assay is shown in Table A2.
Relationship between	These relationships are particularly important in the	Intercepts are downhole width.
mineralisation widths andintercept lengths	reporting of Exploration Results.If the geometry of the mineralisation with respect to thedrill hole angle is known, its nature should be reported.If it is not known and only the down hole lengths arereported, there should be a clear statement to this effect(eg 'down hole length, true width not known').
Diagrams	Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported These should include,but not be limited to a plan view of drill hole collarlocations and appropriate sectional views.	Refer figure 1 & 2 in main body of this report.
Balanced reporting	Where comprehensive reporting of all Exploration Resultsis not practicable, representative reporting of both lowand high grades and/or widths should be practiced toavoid misleading reporting of Exploration Results.	All drill hole details in Table A2.

Criteria	JORC Code explanation
Other substantiveexploration 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 andmethod of treatment; metallurgical test results; bulkdensity, groundwater, geotechnical and rockcharacteristics; potential deleterious or contaminatingsubstances.	Refer body of announcement.
Further work	The nature and scale of planned further work (eg tests forlateral extensions or depth extensions or large-scale stepout drilling).Diagrams clearly highlighting the areas of possibleextensions, including the main geological interpretationsand future drilling areas, provided this information is notcommercially sensitive.	Further drilling will be undertaken to define the extent of themineralisation and to test other targets in the project.