AI assistant
PROSPECT RESOURCES LIMITED — Interim / Quarterly Report 2015
Apr 29, 2015
65617_rns_2015-04-29_a4c2ecee-c976-41ea-8737-d072b33ce6cc.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer

March 2015 Quarterly report
- Establishment of infrastructure at the Company's Prestwood Gold Mine continues
- Confirmation of receipt of balance of placement funds by Vunani Capital Pty Ltd
- New gold zone opens up at surface on the Company's claims.


The above photos showing the completed Prestwood Gold Mine head frame and winder.

Preparations to Commence Mining at the historic Prestwood Gold Mine
(Historic Production of 499kg, or approx. 16,000oz of gold at 33.1g/t)
The Company has continued to prepare for production at the Prestwood Gold Mine (Prestwood). Progress has been a little slower than we would like having been delayed by the installation of grid power. Further working capital is now required for the Company to ramp up our development of Prestwood which we are actively pursuing with the support of our major shareholders.
During 2014, the Company completed an exploration programme at Prestwood, which generated economic intercepts within the Main Reef in 5 of the 6 holes drilled. (Please refer to an announcement released on 28 April 2014 for further details). These results have given the directors the confidence to move forward with the development of the historic mine.
Construction of the production headframe above the existing Prestwood Shaft is now complete; the winder is installed as is the compressor. A timbering crew is currently working on the shaft, making it safe, in preparation for production. The power utility estimates the mains power will be connected by mid‐May, which will allow all infrastructure to be completed shortly after.
All consumables and services are onsite to rapidly begin further underground exploration and to commence limited mining as well as to commence shaft sinking.
As previously announced, the Company is negotiating access (and possible acquisition on deferred terms) to an existing gold processing plant (crushing and CIP plant) which has an installed capacity of 70 t/day crushing and milling and 180t/day CIP capacity, the milling capacity can be increased to match the CIP circuit. The Company will keep investors updated on these negotiations.
Summary of the Exploration results at the historic Prestwood Gold Mine
- 1,281m RC drilling programme at the old Prestwood Mine.
- Confirmation that the mineralised reef continues below the historic workings.
- Five of the six holes drilled have intersected intact Main Reef down dip of the existing workings, to 195m below surface.
- High‐grade intercepts from within shallower shear zones re‐confirm the prospectivity of the general area for open‐pit operations.
- Assays have been received from all the drill holes, with highlights as follows:
- o PBC001:
- Primary intercept of Main Reef peaking at 9.23g/t over 1m, at 153m (130m vertical). Average grade after three re‐assays of 7.86g/t.
- Sheared Monzonite contact is 1.1 g/t over 1m at 107m
- o PBC004:
- Primary intercept of Main Reef peaking at 2.73g/t over 1m, at 219m
- o PBC005:
- o PBC001:

- Primary intercepts of Main Reef at 4.11g/t over 1m, at 190m (175m vertical), and 9.94 g/t over 1m at 193m
- o PBC006:
- Prestwood A Shear Zone at 12.28g/t over 1m, at 52m.
- The Prestwood Mine lies within an almost contiguous block of claims covering approximately 25km2 of the gold bearing Gwanda Greenstone Belt. These claims cover more than 9 historic gold mines.
- A recently completed ground magnetic survey has identified multiple parallel structures adjacent to the Prestwood Mine. A number of these are being mined by small scale artisanal miners.
- The geological setting of this mine is the same as that at the operational Farvic Mine, 4km to the east. The significance of locating mineralisation at the contact of the greenstones and monzonites cannot be overstated. This mineralisation style is very subtle, in fact there is no surface expression at all at the Farvic Mine, and the known monzonite extends for over 5km of strike, within ground held by Prospect Resources.
Corporate Activity – fundraising
The Company previously announced a share placement at 1.5c per Share to raise $310,000 (equivalent to 3,000,000 South African Rand).
As previously announced, the above placement was divided into three tranches and each tranche is subject to South African Reserve Bank approval for the overseas remittance of funds. The Company has been advised by Vunani Capital Pty Ltd that it is working with the placee to finalise receipt of the balance of funds of approximately A$206,000 and the subsequent South African Reserve Bank approval for the remittance of those funds to Australia. Upon receipt of these funds, additional shares will be issued at 1.5c per share.
In preparation for the commencement of mining operations, the Company intends to raise additional funds for working capital to operate the mine, expand exploration activities, begin work on opening the Company's second mine and for general working capital.
The Company has scaled back operations and expenditures whilst it undertakes this fundraising process in an effort to conserve cash resources.

New Gold Zone Discovered nearby to Prestwood
Artisanal workers have recently discovered and opened up (on a limited scale) a new gold zone that is approx. 150m southeast of the Bucks West Shaft. This work has highlighted again the high prospectivity of this area and gives a tantalising insight into possible future discoveries.
An approximately 150m long line of artisanal shafts has been developed along a SW – NE trending shear zone close to the greenstone – monzonite contact. This structure is seemingly a parallel to the one that hosts the Main Bucks Reef which is accessed by the Main Bucks and Bucks West shafts.
Grab samples collected from the sheared greenstones have yielded encouraging initial results. Values range from 0.8 g/t to 18.65 g/t; of the 13 samples, 10 returned values > 1g/t, with 3 of these > 3g/t. Further sampling is ongoing. Currently, artisanals are delivering sustained high grade material to local custom milling sites.

The above image shows the position of newly developed artisanal shafts on SW – NE structure, superimposed on total magnetics. This structure parallels the one that hosts the old Bucks West and West ventilation shafts. Greenstone outcrops are indicated in light green, with monzonite with blue crosses.


The above images shows the position of newly developed artisanal shafts (Yellow Star), superimposed on Quick Bird Imagery . The structure hosting the mineralisation parallels the one that hosts the old Bucks West (and West ventilation) shafts and Prestwood Shafts, 430m to east. Interpreted monzonite sub outcrop is shown as blue crosses. SW‐NE shears as black wavy lines, and SE‐NW cross shears as light blue wavy lines.
The southwest‐northeast striking structural trend has been shown at the Bucks and the adjacent Prestwood Mine to be well mineralised. The other numerous parallel structures identified by the various geophysical programmes are excellent drill targets for both the high‐grade vein hosted mineralisation and wider disseminated halo deposits within the monzonites.
Note: All Artisanal miners are operating under licence in accordance with the Zimbabwean Ministry of Mines and Zimbabwe Chamber of Mines Small Scale Miners assistance program.

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 Executive Director Prospect Resources Limited (Aus) Prospect Resources Limited (Zim) Ph: +61 413 621 652 Ph: +263 772 144 669
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:
-
- Prospect Resources Limited ("Prospect")
-
- Coldawn Investment (Private) Limited ("Coldawn")
-
- Hawkmoth Mining and Exploration (Private) Limited ("Hawkmoth")
-
- Farvic Consolidated Mines (Pvt) Limited ("Farvic")
-
- Tannahill Mine (Pvt) Limited ("Tannahill")
-
- 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% | ‐ | ‐ |
| 33154 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 32570 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36975 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36976 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36974 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36973 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36972 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 32716 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 33280 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36983 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 33181 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36978 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36979 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
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 | |||
| 36982 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36980 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 36981 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| GA1190 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 32936 | Zimbabwe | Starling | Hawkmoth | 70% | ‐ | ‐ |
| 32935 | Zimbabwe | Starling | 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)‐ | ‐ | ‐ |
| 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 | (i)‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
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 &Number | Country | Project | CompanyName | of Quarter | During Quarter | During Quarter |
| 482917 J | Zimbabwe | Greater Farvic | Tannahill | (i)‐ | ‐ | ‐ |
| 482918 J | Zimbabwe | Greater Farvic | Tannahill | (i)‐ | ‐ | ‐ |
| (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) | ‐ | ‐ |
| 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 | ‐(i) | ‐ | ‐ |
| 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 | ‐ | ‐ | ‐ |
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) | ||
| 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 | ‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
| 483053 J | Zimbabwe | Greater Farvic | Tannahill | (i)‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
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 | ||
| Number435211 J | CountryZimbabwe | ProjectGreater Farvic | NameTannahill | (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)‐ | ‐ | ‐ |
| 435216 J | Zimbabwe | Greater Farvic | Tannahill | (i)‐ | ‐ | ‐ |
| 435218 J | Zimbabwe | Greater Farvic | Tannahill | (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 | (i)‐ | ‐ | ‐ |
| 435204 J | Zimbabwe | Greater Farvic | Tannahill | (i)‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
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 | |||
| 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)‐ | ‐ | ‐ |
| 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 | (i)‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
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) | ||
| 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 | ‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
| 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)‐ | ‐ | ‐ |
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 | |||
| 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.