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PROSPECT RESOURCES LIMITED Interim / Quarterly Report 2014

Oct 30, 2014

65617_rns_2014-10-30_0cd2cb85-9941-47e5-b454-691cf7dd1a77.pdf

Interim / Quarterly Report

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September Quarterly Report

Highlights from the Quarter and up to the date of this announcement

  • Near surface gold mineralisation confirmed at the Company's Bushtick Gold Project.
  • Channel chip sampling confirms high‐grade gold mineralisation at the Company's Bushtick Gold Project.
  • Completed share placement at 1.5c per Share to raise US$1m.
  • Appointed Mrs Manana Nhlanhla as Non‐Executive Director of the Company.
  • Appointed Somerley International as the Company's Exclusive Financial Advisor in the Greater China capital market.
  • Appointed Vunani Capital Pty Limited as the Company's corporate advisor in the Southern African Region.

Exploration Activity

Bushtick Gold Project

The Company completed a surface trenching programme whereby 10 trenches, totalling 1200m were dug covering an area of approximately 2kms by 100m covering 1.2km of the known strike of the historic Bushtick Gold Mine. Trenches were dug to an average depth of 3 metres and continuous horizontal samples were hand chipped close to the trench floor and bagged at 1m intervals.

  • Nine zones of economic gold grades confirmed in 7 of 10 trenches.
  • Best grades include:
    • Trench 6; 1.3 g/t over 15m (inc 2.8 g/t over 5 m).
    • Trench 4; 1.21g/t over 7m (inc 1.91 g/t over 4m) & 1.1g/t over 12m (inc 2.34 g/t over 3m).
    • Trench 5; 1.6g/t over 7m. & 2.1 g/t over 8m.
  • Planning additional testwork to confirm that the oxidised host rock is amenable to heap leaching.
  • Planning to submit environmental applications in anticipation of commencing a heap leach operation, subject to satisfactory testwork.

The mineralised zone lies within the oxidised altered package of meta‐basalts and andesites. Gold grades have been identified within ferruginous shear zones and stockworks. This mineralised package lies along the flanks of the 'Main Gold Reef' that was exploited largely in the 1930's and 40's. Historically the contacts of the 'Main Gold Reef' was defined on a cut‐off grade, of 5.4 g/t, resulting in considerable mineralised material remaining, that could be mined economically today.

(Please refer to announcement dated 21 July 2014 for further details of the exploration programme.)

Additionally, the Company has recently completed a rock chip sampling programme whereby 9 traverses, totalling approximately 250m were sampled along the side walls of the Warwick Eastern Open Cut at the historic Bushtick Gold Mine. Continuous horizontal samples were hand chipped across prospective horizons and bagged at 1m intervals.

  • Economic gold grades confirmed in 8 of 9 sampling traverses
  • From 134 samples, results include:
    • 106 samples grading > 1g/t;
    • 22 samples grading > 5g/t; and
    • 5 samples grading > 10g/t
  • Best grades include:
    • Traverse 2: 5.1 g/t over 17m
    • Traverse 6: 5.4 g/t over 15m
    • Traverse 9: 2.8 g/t over 12m

(Please refer to announcement dated 28 October 2014 for further details of the exploration programme.)

Corporate Activity

Share Placement at 1.5c per Share to Raise US$1,000,000

The Company announced the completion of a share placement to raise US$1,000,000 (A$1,078,748) via the issue of approx. 71.9m shares at 1.5c each.

The share placement was to Armoured Fox Capital (Pty) Ltd, an investment vehicle represented by Sithembiso Mthethwa and Manana Nhlanhla who are successful South African business people.

Appointment of Director

On 29 September 2014, the Company announced the appointment of Mrs Manana Nhlanhla as a Non‐ Executive Director of the Company. Manana is Chairperson of Mion (Proprietary) Limited, the parent company of Armoured Fox Capital (Pty) Ltd, who as mentioned above, recently subscribed for new ordinary shares in the Company.

Appointment of Somerley International Ltd

The Company has appointed Somerley International Limited ("Somerley") as exclusive financial advisor in Greater China to assist in identifying and securing potential institutional and strategic investors for the fund raising of the Company.

Somerley is a corporation licensed by the Securities and Futures Commission of Hong Kong for providing corporate financial advisory services to its clients and Somerley is principally focused on providing international M&A advisory and international fund raisings for its clients.

Somerley is a member of Somerley Group Limited (the "Somerley Group"), one of Hong Kong's leading financial services groups. With nearly 30 years of experience in the financial sector, the Somerley Group runs a successful operation through its subsidiaries with offices Hong Kong, Beijing and Shanghai.

Somerley is consistently ranked as one of the top financial advisers on public and private transactions in China and Hong Kong in terms of number of deals completed.

Appointment of Vunani Capital Pty Limited

The Company has appointed Vunani Capital Pty Limited ("Vunani") as the Company's corporate advisor in the Southern African Region. Vunani's mandate is to assist the Company in identifying and securing African based retail, institutional and strategic investors for the Company. Prospect also intends to leverage Vunani's market knowledge and expertise in any potential merger and acquisition activity undertaken by the Company.

Under the terms of the appointment Vunani is entitled to a success fee based on the capital raised by them payable in cash and equity.

Tenement Administration

Refer to Appendix A for a schedule of tenements the Company has an interest in.

Contact Details

For further information, please contact:

Hugh Warner Harry Greaves Executive Chairman Non‐Executive Director Ph: +61 413 621 652 Ph: +263 772 144 669

Prospect Resources Limited (Aus) Prospect Resources Limited (Zim)

Competent Person's Statement

The information in this announcement that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Roger Tyler, a Competent Person who is a member of The Australasian Institute of Mining and Metallurgy and The South African Institute of Mining and Metallurgy. Mr Tyler is the Company's Senior Geologist. Mr Tyler has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Tyler consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

APPENDIX A – PROSPECT RESOURCES LIMITED TENEMENT SCHEDULE

Prospect Resources Limited has interests in tenements via the following companies:

    1. Prospect Resources Limited ("Prospect")
    1. Coldawn Investment (Private) Limited ("Coldawn")
    1. Hawkmoth Mining and Exploration (Private) Limited ("Hawkmoth")
    1. Farvic Consolidated Mines (Pvt) Limited ("Farvic")
    1. Tannahill Mine (Pvt) Limited ("Tannahill")
    1. Mixnote Investments (Pvt) Limited ("Mixnote")
Tenement Type &Number Country Project RegisteredCompanyName % Held at Endof Quarter % AcquiredDuring Quarter % DisposedDuring Quarter
E66/56 Australia Mary Springs Prospect 100%
20560 BM Zimbabwe Penhalonga Coldawn 70%
10675 Zimbabwe Penhalonga Coldawn 70%
21795 BM Zimbabwe Penhalonga Coldawn 70%
18879 Zimbabwe Penhalonga Coldawn 70%
18880 Zimbabwe Penhalonga Coldawn 70%
18881 Zimbabwe Penhalonga Coldawn 70%
21748 BM Zimbabwe Penhalonga Coldawn 70%
12212 Zimbabwe Penhalonga Coldawn 70%
12213 Zimbabwe Penhalonga Coldawn 70%
19474 BM Zimbabwe Penhalonga Coldawn 70%
14135 BM Zimbabwe Penhalonga Coldawn 70%
10338 Zimbabwe Penhalonga Coldawn 70%
G3425 Zimbabwe Penhalonga Coldawn 70%
G2335 Zimbabwe Penhalonga Coldawn 70%
Special Grant Zimbabwe Bushtick Hawkmoth 70%
M2873 BM Zimbabwe Chisanya Hawkmoth 70%
M2874 BM Zimbabwe Chisanya Hawkmoth 70%
M2875 BM Zimbabwe Chisanya Hawkmoth 70%
M2876 BM Zimbabwe Chisanya Hawkmoth 70%
140300 J Zimbabwe Greater Farvic Farvic (i)‐
140297 J Zimbabwe Greater Farvic Farvic (i)‐
140295 J Zimbabwe Greater Farvic Farvic (i)‐
140299 J Zimbabwe Greater Farvic Farvic (i)‐
140298 J Zimbabwe Greater Farvic Farvic (i)‐
179176 J Zimbabwe Greater Farvic Farvic (i)‐
174178 J Zimbabwe Greater Farvic Farvic (i)‐
435131 J Zimbabwe Greater Farvic Tannahill (i)‐
435129 J Zimbabwe Greater Farvic Tannahill (i)‐
435130 J Zimbabwe Greater Farvic Tannahill (i)‐
435132 J Zimbabwe Greater Farvic Tannahill (i)‐
435125 J Zimbabwe Greater Farvic Tannahill (i)‐
435124 J Zimbabwe Greater Farvic Tannahill (i)‐
435123 J Zimbabwe Greater Farvic Tannahill (i)‐

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Registered % Held at End % Acquired % Disposed
Tenement Type & Company of Quarter During Quarter During Quarter
Number Country Project Name (i)
435126 J Zimbabwe Greater Farvic Tannahill ‐(i)
435128 J Zimbabwe Greater Farvic Tannahill ‐(i)
435127 J Zimbabwe Greater Farvic Tannahill ‐(i)
482950 J Zimbabwe Greater Farvic Tannahill ‐(i)
482951 J Zimbabwe Greater Farvic Tannahill
482952 J Zimbabwe Greater Farvic Tannahill (i)‐
482953 J Zimbabwe Greater Farvic Tannahill (i)‐
482954 J Zimbabwe Greater Farvic Tannahill (i)‐
482955 J Zimbabwe Greater Farvic Tannahill (i)‐
482956 J Zimbabwe Greater Farvic Tannahill (i)‐
482957 J Zimbabwe Greater Farvic Tannahill (i)‐
482958 J Zimbabwe Greater Farvic Tannahill (i)‐
482959 J Zimbabwe Greater Farvic Tannahill (i)‐
482904 J Zimbabwe Greater Farvic Tannahill (i)‐
482905 J Zimbabwe Greater Farvic Tannahill (i)‐
482906 J Zimbabwe Greater Farvic Tannahill (i)‐
482907 J Zimbabwe Greater Farvic Tannahill (i)‐
482908 J Zimbabwe Greater Farvic Tannahill (i)‐
482909 J Zimbabwe Greater Farvic Tannahill (i)‐
482909 J Zimbabwe Greater Farvic Tannahill (i)‐
482909 J Zimbabwe Greater Farvic Tannahill (i)‐
482912 J Zimbabwe Greater Farvic Tannahill (i)‐
482913 J Zimbabwe Greater Farvic Tannahill (i)‐
482914 J Zimbabwe Greater Farvic Tannahill (i)‐
482916 J Zimbabwe Greater Farvic Tannahill (i)‐
482915 J Zimbabwe Greater Farvic Tannahill (i)‐
482917 J Zimbabwe Greater Farvic Tannahill (i)‐
482918 J Zimbabwe Greater Farvic Tannahill (i)‐
482919 J Zimbabwe Greater Farvic Tannahill (i)‐
482920 J Zimbabwe Greater Farvic Tannahill (i)‐
482940 J Zimbabwe Greater Farvic Tannahill (i)‐
482941 J Zimbabwe Greater Farvic Tannahill (i)‐
482942 J Zimbabwe Greater Farvic Tannahill (i)‐
482943 J Zimbabwe Greater Farvic Tannahill (i)‐
482944 J Zimbabwe Greater Farvic Tannahill (i)‐
482945 J Zimbabwe Greater Farvic Tannahill (i)‐
482946 J Zimbabwe Greater Farvic Tannahill (i)‐
482947 J Zimbabwe Greater Farvic Tannahill (i)‐
482948 J Zimbabwe Greater Farvic Tannahill (i)‐
482949 J Zimbabwe Greater Farvic Tannahill (i)‐
482901 J Zimbabwe Greater Farvic Tannahill (i)‐
482902 J Zimbabwe Greater Farvic Tannahill (i)‐
435235 J Zimbabwe Greater Farvic Tannahill (i)‐
435236 J Zimbabwe Greater Farvic Tannahill (i)‐
435237 J Zimbabwe Greater Farvic Tannahill (i)‐
435238 J Zimbabwe Greater Farvic Tannahill (i)‐

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Registered % Held at End % Acquired % Disposed
Tenement Type & Company of Quarter During Quarter During Quarter
Number Country Project Name (i)
435239 J Zimbabwe Greater Farvic Tannahill ‐(i)
435240 J Zimbabwe Greater Farvic Tannahill ‐(i)
435241 J Zimbabwe Greater Farvic Tannahill ‐(i)
435242 J Zimbabwe Greater Farvic Tannahill
435243 J Zimbabwe Greater Farvic Tannahill (i)‐
435244 J Zimbabwe Greater Farvic Tannahill (i)‐
435245 J Zimbabwe Greater Farvic Tannahill (i)‐
435246 J Zimbabwe Greater Farvic Tannahill (i)‐
435247 J Zimbabwe Greater Farvic Tannahill (i)‐
435248 J Zimbabwe Greater Farvic Tannahill (i)‐
435249 J Zimbabwe Greater Farvic Tannahill (i)‐
435250 J Zimbabwe Greater Farvic Tannahill (i)‐
435251 J Zimbabwe Greater Farvic Tannahill (i)‐
435252 J Zimbabwe Greater Farvic Tannahill (i)‐
435253 J Zimbabwe Greater Farvic Tannahill (i)‐
435254 J Zimbabwe Greater Farvic Tannahill (i)‐
435255 J Zimbabwe Greater Farvic Tannahill (i)‐
482903 J Zimbabwe Greater Farvic Tannahill (i)‐
483034 J Zimbabwe Greater Farvic Tannahill (i)‐
483033 J Zimbabwe Greater Farvic Tannahill (i)‐
483035 J Zimbabwe Greater Farvic Tannahill (i)‐
483047 J Zimbabwe Greater Farvic Tannahill (i)‐
483048 J Zimbabwe Greater Farvic Tannahill (i)‐
483045 J Zimbabwe Greater Farvic Tannahill (i)‐
483016 J Zimbabwe Greater Farvic Tannahill (i)‐
483055 J Zimbabwe Greater Farvic Tannahill (i)‐
483056 J Zimbabwe Greater Farvic Tannahill (i)‐
483057 J Zimbabwe Greater Farvic Tannahill (i)‐
483058 J Zimbabwe Greater Farvic Tannahill (i)‐
483059 J Zimbabwe Greater Farvic Tannahill (i)‐
483005 J Zimbabwe Greater Farvic Tannahill (i)‐
483006 J Zimbabwe Greater Farvic Tannahill (i)‐
483007 J Zimbabwe Greater Farvic Tannahill (i)‐
483062 J Zimbabwe Greater Farvic Tannahill (i)‐
483061 J Zimbabwe Greater Farvic Tannahill (i)‐
483004 J Zimbabwe Greater Farvic Tannahill (i)‐
483003 J Zimbabwe Greater Farvic Tannahill (i)‐
435227 J Zimbabwe Greater Farvic Tannahill (i)‐
483000 J Zimbabwe Greater Farvic Tannahill (i)‐
483008 J Zimbabwe Greater Farvic Tannahill (i)‐
483060 J Zimbabwe Greater Farvic Tannahill (i)‐
483009 J Zimbabwe Greater Farvic Tannahill (i)‐
483010 J Zimbabwe Greater Farvic Tannahill (i)‐
483012 J Zimbabwe Greater Farvic Tannahill (i)‐
483011 J Zimbabwe Greater Farvic Tannahill (i)‐
483054 J Zimbabwe Greater Farvic Tannahill (i)‐

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Registered % Held at End % Acquired % Disposed
Tenement Type & Company of Quarter During Quarter During Quarter
Number Country Project Name (i)
483053 J Zimbabwe Greater Farvic Tannahill
483014 J Zimbabwe Greater Farvic Tannahill (i)‐
483051 J Zimbabwe Greater Farvic Tannahill (i)‐
483052 J Zimbabwe Greater Farvic Tannahill (i)‐
483050 J Zimbabwe Greater Farvic Tannahill (i)‐
483049 J Zimbabwe Greater Farvic Tannahill (i)‐
483048 J Zimbabwe Greater Farvic Tannahill (i)‐
483019 J Zimbabwe Greater Farvic Tannahill (i)‐
483018 J Zimbabwe Greater Farvic Tannahill (i)‐
483017 J Zimbabwe Greater Farvic Tannahill (i)‐
483015 J Zimbabwe Greater Farvic Tannahill (i)‐
483013 J Zimbabwe Greater Farvic Tannahill (i)‐
482999 J Zimbabwe Greater Farvic Tannahill (i)‐
482997 J Zimbabwe Greater Farvic Tannahill (i)‐
482996 J Zimbabwe Greater Farvic Tannahill (i)‐
482995 J Zimbabwe Greater Farvic Tannahill (i)‐
435234 J Zimbabwe Greater Farvic Tannahill (i)‐
435233 J Zimbabwe Greater Farvic Tannahill (i)‐
435232 J Zimbabwe Greater Farvic Tannahill (i)‐
435231 J Zimbabwe Greater Farvic Tannahill (i)‐
435230 J Zimbabwe Greater Farvic Tannahill (i)‐
435229 J Zimbabwe Greater Farvic Tannahill (i)‐
435228 J Zimbabwe Greater Farvic Tannahill (i)‐
435211 J Zimbabwe Greater Farvic Tannahill (i)‐
435209 J Zimbabwe Greater Farvic Tannahill (i)‐
435210 J Zimbabwe Greater Farvic Tannahill (i)‐
435196 J Zimbabwe Greater Farvic Tannahill (i)‐
435197 J Zimbabwe Greater Farvic Tannahill (i)‐
435199 J Zimbabwe Greater Farvic Tannahill (i)‐
435198 J Zimbabwe Greater Farvic Tannahill (i)‐
435200 J Zimbabwe Greater Farvic Tannahill (i)‐
435201 J Zimbabwe Greater Farvic Tannahill (i)‐
435214 J Zimbabwe Greater Farvic Tannahill (i)‐
435213 J Zimbabwe Greater Farvic Tannahill (i)‐
435215 J Zimbabwe Greater Farvic Tannahill (i)‐
435217 J Zimbabwe Greater Farvic Tannahill (i)‐
435219 J Zimbabwe Greater Farvic Tannahill (i)‐
435221 J Zimbabwe Greater Farvic Tannahill (i)‐
(i)
435216 J435218 J ZimbabweZimbabwe Greater FarvicGreater Farvic TannahillTannahill ‐(i)‐ ‐‐ ‐‐
(i)
435220 J Zimbabwe Greater Farvic Tannahill ‐(i)
483222 J Zimbabwe Greater Farvic Tannahill ‐(i)
435224 J Zimbabwe Greater Farvic Tannahill ‐(i)
435223 J Zimbabwe Greater Farvic Tannahill ‐(i)
435203 J Zimbabwe Greater Farvic Tannahill ‐(i)
435212 J Zimbabwe Greater Farvic Tannahill

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Registered % Held at End % Acquired % Disposed
Tenement Type & Company of Quarter During Quarter During Quarter
Number Country Project Name (i)
435204 J Zimbabwe Greater Farvic Tannahill
435205 J Zimbabwe Greater Farvic Tannahill (i)‐
435206 J Zimbabwe Greater Farvic Tannahill (i)‐
435202 J Zimbabwe Greater Farvic Tannahill (i)‐
435207 J Zimbabwe Greater Farvic Tannahill (i)‐
435208 J Zimbabwe Greater Farvic Tannahill (i)‐
483020 J Zimbabwe Greater Farvic Tannahill (i)‐
483021 J Zimbabwe Greater Farvic Tannahill (i)‐
483023 J Zimbabwe Greater Farvic Tannahill (i)‐
483025 J Zimbabwe Greater Farvic Tannahill (i)‐
483043 J Zimbabwe Greater Farvic Tannahill (i)‐
483044 J Zimbabwe Greater Farvic Tannahill (i)‐
483032 J Zimbabwe Greater Farvic Tannahill (i)‐
483030 J Zimbabwe Greater Farvic Tannahill (i)‐
483041 J Zimbabwe Greater Farvic Tannahill (i)‐
483042 J Zimbabwe Greater Farvic Tannahill (i)‐
483029 J Zimbabwe Greater Farvic Tannahill (i)‐
483028 J Zimbabwe Greater Farvic Tannahill (i)‐
483026 J Zimbabwe Greater Farvic Tannahill (i)‐
483027 J Zimbabwe Greater Farvic Tannahill (i)‐
483040 J Zimbabwe Greater Farvic Tannahill (i)‐
483036 J Zimbabwe Greater Farvic Tannahill (i)‐
483037 J Zimbabwe Greater Farvic Tannahill (i)‐
483038 J Zimbabwe Greater Farvic Tannahill (i)‐
483039 J Zimbabwe Greater Farvic Tannahill (i)‐
482994 J Zimbabwe Greater Farvic Tannahill (i)‐
482992 J Zimbabwe Greater Farvic Tannahill (i)‐
482991 J Zimbabwe Greater Farvic Tannahill (i)‐
482993 J Zimbabwe Greater Farvic Tannahill (i)‐
482990 J Zimbabwe Greater Farvic Tannahill (i)‐
482983 J Zimbabwe Greater Farvic Tannahill (i)‐
482984 J Zimbabwe Greater Farvic Tannahill (i)‐
482982 J Zimbabwe Greater Farvic Tannahill (i)‐
482989 J Zimbabwe Greater Farvic Tannahill (i)‐
482988 J Zimbabwe Greater Farvic Tannahill (i)‐
482985 J Zimbabwe Greater Farvic Tannahill (i)‐
482987 J Zimbabwe Greater Farvic Tannahill (i)‐
482986 J Zimbabwe Greater Farvic Tannahill (i)‐
482981 J Zimbabwe Greater Farvic Tannahill (i)‐
482980 J Zimbabwe Greater Farvic Tannahill (i)‐
482979 J Zimbabwe Greater Farvic Tannahill (i)‐
482978 J Zimbabwe Greater Farvic Tannahill (i)‐
482977 J Zimbabwe Greater Farvic Tannahill (i)‐
482975 J Zimbabwe Greater Farvic Tannahill (i)‐
482974 J Zimbabwe Greater Farvic Tannahill (i)‐
483024 J Zimbabwe Greater Farvic Tannahill (i)‐

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Registered % Held at End % Acquired % Disposed
Tenement Type & Company of Quarter During Quarter During Quarter
Number Country Project Name (i)
435225 J Zimbabwe Greater Farvic Tannahill ‐(i)
435226 J Zimbabwe Greater Farvic Tannahill ‐(i)
483063 J Zimbabwe Greater Farvic Tannahill ‐(i)
483064 J Zimbabwe Greater Farvic Tannahill
483065 J Zimbabwe Greater Farvic Tannahill (i)‐
483066 J Zimbabwe Greater Farvic Tannahill (i)‐
483067 J Zimbabwe Greater Farvic Tannahill (i)‐
483068 J Zimbabwe Greater Farvic Tannahill (i)‐
483464 J Zimbabwe Greater Farvic Tannahill (i)‐
483465 J Zimbabwe Greater Farvic Tannahill (i)‐
483466 J Zimbabwe Greater Farvic Tannahill (i)‐
483469 J Zimbabwe Greater Farvic Tannahill (i)‐
483467 J Zimbabwe Greater Farvic Tannahill (i)‐
483468 J Zimbabwe Greater Farvic Tannahill (i)‐
483471 J Zimbabwe Greater Farvic Tannahill (i)‐
483470 J Zimbabwe Greater Farvic Tannahill (i)‐
483473 J Zimbabwe Greater Farvic Tannahill (i)‐
483472 J Zimbabwe Greater Farvic Tannahill (i)‐
483508 J Zimbabwe Greater Farvic Tannahill (i)‐
483507 J Zimbabwe Greater Farvic Tannahill (i)‐
483518 J Zimbabwe Greater Farvic Tannahill (i)‐
483515 J Zimbabwe Greater Farvic Tannahill (i)‐
483514 J Zimbabwe Greater Farvic Tannahill (i)‐
483511 J Zimbabwe Greater Farvic Tannahill (i)‐
483513 J Zimbabwe Greater Farvic Tannahill (i)‐
483512 J Zimbabwe Greater Farvic Tannahill (i)‐
483510 J Zimbabwe Greater Farvic Tannahill (i)‐
483509 J Zimbabwe Greater Farvic Tannahill (i)‐
483473 J Zimbabwe Greater Farvic Tannahill (i)‐
483475 J Zimbabwe Greater Farvic Tannahill (i)‐
483476 J Zimbabwe Greater Farvic Tannahill (i)‐
483478 J Zimbabwe Greater Farvic Tannahill (i)‐
483479 J Zimbabwe Greater Farvic Tannahill (i)‐
483480 J Zimbabwe Greater Farvic Tannahill (i)‐
483481 J Zimbabwe Greater Farvic Tannahill (i)‐
483482 J Zimbabwe Greater Farvic Tannahill (i)‐
483506 J Zimbabwe Greater Farvic Tannahill (i)‐
483505 J Zimbabwe Greater Farvic Tannahill (i)‐
483504 J Zimbabwe Greater Farvic Tannahill (i)‐
483502 J Zimbabwe Greater Farvic Tannahill (i)‐
483501 J Zimbabwe Greater Farvic Tannahill (i)‐
483500 J Zimbabwe Greater Farvic Tannahill (i)‐
063742 J Zimbabwe Greater Farvic Tannahill (i)‐
003509 M Zimbabwe Greater Farvic Mixnote (i)‐
003530 M Zimbabwe Greater Farvic Mixnote (i)‐
003527 M Zimbabwe Greater Farvic Mixnote (i)‐

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Tenement Type & RegisteredCompany % Held at Endof Quarter % AcquiredDuring Quarter % DisposedDuring Quarter
Number Country Project Name
H 046672 Zimbabwe Greater Farvic Mixnote (i)‐
H 046681 Zimbabwe Greater Farvic Mixnote (i)‐
H 046682 Zimbabwe Greater Farvic Mixnote (i)‐
H 046676 Zimbabwe Greater Farvic Mixnote (i)‐
H 046675 Zimbabwe Greater Farvic Mixnote (i)‐
H 046674 Zimbabwe Greater Farvic Mixnote (i)‐
H 046673 Zimbabwe Greater Farvic Mixnote (i)‐
003524 M Zimbabwe Greater Farvic Mixnote (i)‐
003525 M Zimbabwe Greater Farvic Mixnote (i)‐
H 046677 Zimbabwe Greater Farvic Mixnote (i)‐
003522 M Zimbabwe Greater Farvic Mixnote (i)‐
H 046678 Zimbabwe Greater Farvic Mixnote (i)‐
H 46679 Zimbabwe Greater Farvic Mixnote (i)‐
003508 M Zimbabwe Greater Farvic Mixnote (i)‐
H 046680 Zimbabwe Greater Farvic Mixnote (i)‐
003523 M Zimbabwe Greater Farvic Mixnote (i)‐
003510 M Zimbabwe Greater Farvic Mixnote (i)‐
003511 M Zimbabwe Greater Farvic Mixnote (i)‐
003512 M Zimbabwe Greater Farvic Mixnote (i)‐
003513 M Zimbabwe Greater Farvic Mixnote (i)‐
003514 M Zimbabwe Greater Farvic Mixnote (i)‐
003515 M Zimbabwe Greater Farvic Mixnote (i)‐
003516 M Zimbabwe Greater Farvic Mixnote (i)‐
003517 M Zimbabwe Greater Farvic Mixnote (i)‐
003518 M Zimbabwe Greater Farvic Mixnote (i)‐
003519 M Zimbabwe Greater Farvic Mixnote (i)‐
003520 M Zimbabwe Greater Farvic Mixnote (i)‐
003583 M Zimbabwe Greater Farvic Farvic (i)‐

(i) Hawkmoth can earn a 51% interest by spending USD$1.5m within 24 months. Hawkmoth can earn the remaining 49% interest by spending a further USD$1.5m within the next 12 months.

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006