PROSPECT RESOURCES LIMITED — Capital/Financing Update 2016

Aug 16, 2016

18 RC Drill Holes Completed at the Arcadia High Grade Lithium Project Cumulative Pegmatites up to 51m in Thickness

Prospect Resources Ltd (ASX: PSC) (Prospect, the Company) is pleased to report on the first 18 RC drill holes at the Company's Arcadia high grade lithium project. This RC drill programme is ongoing.

Drilling to date has covered approx. 6% of the Company's exploration area. The drilled strike of the stacked pegmatites now extends more than 1km NW-NE and some 300m down dip to NW. The Company's ground position now covers more than 500 hectares of mining licences.

RC drilling is progressing at a rapid rate of nearly 1 hole per day. A second RC drill rig is being brought to site.

Development Timetable

• First JORC reportable resource is expected to be generated before the end of October
• Mine feasibility study planned for completion prior to 31 December
• First ore production planned for pre 30 June 2017
• Off-take discussions underway with > 5 Asian lithium carbonate and lithium hydroxide producers and agreements are expected to be completed prior to 31 December

Attached to this announcement is a summary of significant intercepts of the first 18 RC drill holes and a plan map of the existing drill collars.

The Company is awaiting assay results for the diamond hole programme and RC programme.

Key points to note from the summary of drilling results:

• 1,121 metres were drilled in 17 holes (1 abandoned), averaging over 62m depth per hole.
• 1,170 metres were drilled in Phase 1 from 16 Diamond drill holes, averaging almost 70m depth per hole.
• All but 1 drill hole intercepted pegmatites, hosting visible quantities of spodumene and petalite.
• The 18 RC holes drilled to date confirm the NE lateral extension of the Main Pegmatite and Lower Main Pegmatite exposed in the old Arcadia pit.
• In the Diamond holes the Main Pegmatite ranges in thickness up to 10m and averages 5.5m.
• In the RC holes, the Lower Pegmatite:
  • o thickens to the NE to up to 39m with cumulative thickness of 51m.
  • o averages 23m thickness.
• Pegmatites appear to extend to the east, north, north west and north east.
• Pegmatites are flat lying and are less that 80m below surface.
• There is a thickening of the lower pegmatites to the east and seemingly down dip continuity of both pegmatites to the northwest.

Summary of Significant Intercepts – RC Holes

Hole	Thickness ofLower MainPegmatites	From(m)	To (m)	TotalThicknessof totalPegmatites	Total Depthof Hole	Significant Geology/ Comments
ACR001	-	21	29	8	51	Main Pegmatite, spodumene
ACR001	1	31	32	14	51	Lower Main Pegmatite,spodumene
ACR002	11	23	34	15	52	Lower Main Pegmatite,spodumene & petalite
ACR003	17	42	59	27	76	Lower Main Pegmatite,spodumene & petalite
ACR004	17	2	19	19	37	Lower Main Pegmatite,spodumene
ACR005	18	5	23	18	31	Lower Main Pegmatite,spodumene
ACR006	15	19	34	25	55	Lower Main Pegmatite,spodumene & petalite
ACR007	13	2	15	19	43	Lower Main Pegmatite,spodumene
ACR008	23	2	25	31	50	Lower Main Pegmatite,spodumene
ACR009	34	17	51	38	55	Lower Main Pegmatite,spodumene & petalite
ACR010	30	34	64	30	70	Lower Main Pegmatite,spodumene & petalite
ACR011	29	41	70	33	76	Lower Main Pegmatite,spodumene & petalite
ACR012	24	54	78	24	81	Lower Main Pegmatite,spodumene & petalite
ACR013	30	51	81	48	81	Lower Main Pegmatite,spodumene & petalite
ACR014	31	1	28	46	82	Lower Main Pegmatite,spodumene
ACR015	39	0	39	51	68	Lower Main Pegmatite,spodumene
ACR016	34	36	70	34	76	Lower Main Pegmatite, petalite
ACR017				1	53	Hole Abandoned in basalt- waterfissures
ACR018	25	52	77	25	82	Lower Main Pegmatite,spodumene & petalite
Averages	23			28	62

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Summary of Significant Intercepts – Diamond Holes (previously reported)

Hole	From(m)	To(m)	Thickness(m)	Geology
ACD001	10.65	11.90	1.25	U1 (Upper Pegmatite band 1)
ACD001	25.40	33.64	8.24	Main Pegmatite. Spodumene, petalite
ACD001	36.60	39.25	2.65	L1 (Lower Pegmatite band 1). Spodumene
ACD001	58.33	61.87	3.54	L4 (Lower Pegmatite band 4). Spodumene
ACD002	21.70	29.45	7.75	Main Pegmatite. Spodumene, petalite
ACD002	56.70	59.57	2.87	L5 (Lower Pegmatite band 5). Well Mineralised
ACD002	60.70	62.63	1.93	L6 (Lower Pegmatite band 6)
ACD002	71.72	74.00	2.28	L7 (Lower Pegmatite band 7).Spodume & petalite.
ACD003	30.58	32.78	2.20	M1 Main Pegmatite. Spodumene, petalite
ACD003	34.39	39.69	5.30	M2 Main Pegmatite. Spodumene, petalite, layering, Be
ACD003	56.52	57.57	1.05	L4 (Lower Pegmatite band 4). Some spodumene
ACD003	60.34	62.25	1.91	L5 (Lower Pegmatite band 5). Spodumene, petalite & eucryptite,
ACD003	66.75	71.53	4.78	L6 (Lower Pegmatite band 6). Coarse spodumene
ACD004	27.50	31.21	3.71	U2 (Upper Pegmatite band 2). Some petalite
ACD004	36.06	41.60	5.54	Main Pegmatite. Spodumene, petalite, layering, Be
ACD004	46.86	48.07	1.21	L2 (Lower Pegmatite band 2). Some spodumene, some tantalite
ACD004	56.60	58.13	1.53	L5 (Lower Pegmatite band 5). Spodumene, petalite & eucryptite,
ACD004	60.95	62.25	1.30	L7 (Lower Pegmatite band 7). Mod spodumene & traces petalite
ACD004	64.73	71.03	6.30	L8 (Lower Pegmatite band 8). Coarse spodumene, some petalite
ACD004	75.11	76.49	1.38	L9 (Lower Pegmatite band 9). Coarse spodumene, some petalite
ACD005	6.50	8.28	1.78	U2 (Upper Pegmatite band 2). Some spodumene; weathered
ACD005	22.13	32.08	9.95	Main Pegmatite. Spodumene, petalite layering, possible lepidolite, Be
ACD005	53.45	57.36	3.91	L3 (Lower Pegmatite band 3). Some spodumene
ACD005	59.60	64.94	5.34	L4 (Lower Pegmatite band 4). Spodumene, petalite & eucryptite layers
ACD006	6.63	8.65	2.02	U2 (Upper Pegmatite band 2). Some spodumene
ACD006	18.28	20.60	2.32	U1 Pegmatite. Some spodumene & tantalite
ACD006	30.00	34.32	4.32	Main Pegmatite. Spodumene, Be
ACD006	36.75	38.63	1.88	Main Pegmatite. Spodumene, petalite, Be
ACD006	39.10	40.51	1.41	Main Pegmatite. Spodumene, Be
ACD006	53.89	55.07	1.18	L3 (Lower Pegmatite band 3). Some spodumene and molybdenum
ACD006	56.00	65.77	9.77	L4 (Lower Pegmatite band 3). Coarse spodumene, petalite layering
ACD006	68.25	71.25	3.00	L5 (Lower Pegmatite band 5). Spodumene, petalite & eucryptite

	From	To	Thickness
Hole	(m)	(m)	(m)	Geology
ACD007	10.93	20.60	9.67	Main Pegmatite. Spodumene, eucryptite, no petalite
ACD007	24.95	26.35	1.40	L1 (Lower Pegmatite band 1). Spodumene, tantalite
ACD007	31.45	32.55	1.10	L2 (Lower Pegmatite band 2). Some spodumene, some tantalite
ACD007	49.12	53.03	3.91	L5 (Lower Pegmatite band 5). Coarse spodumene, petalite layering
ACD007	62.42	63.65	1.23	L6 (Lower Pegmatite band 6). Some spodumene.
ACD008	1.40	8.80	7.40	Main Pegmatite. Spodumene, weathered partially kaolinised
ACD008	16.76	17.87	1.11	L2(Lower Pegmatite band 1). Spodumene, tantalite, traces beryllium
ACD008	18.96	20.36	1.40	L3 (Lower Pegmatite band 3). Some spodumene, some tantalite
ACD008	39.94	42.70	2.76	L5 (Lower Pegmatite band 5). Coarse podumene, tr petalite & tantalite.
ACD009	5.75	9.90	4.15	Main Pegmatite. Spodumene, weathered partially kaolinised
ACD009	20.70	23.70	3.00	L2(Lower Pegmatite band 2). Qtz rich, spodumene, petalite, tantalite
ACD009	37.10	38.70	1.60	L4 (Lower Pegmatite band 4). Mod spodumene, petalite layering
ACD009	49.36	50.40	1.04	L5 (Lower Pegmatite band 5). Some spodumene, petalite & tantalite.
ACD010	2.75	5.60	2.85	Main Pegmatite. Very weathered
ACD010	21.10	23.36	2.26	L2(Lower Pegmatite band 2). Moderate spodumene, some petalite,tantalite
ACD011	23.42	29.20	5.78	L1 (Lower Pegmatite band 1). Mod spodumene, trace petalite, tantalite
ACD012	8.00	11.75	3.75	Main Pegmatite. Core loss, Mod spodumene, trace petalite, tantalite
ACD012	13.48	15.80	2.32	L1 (Lower Pegmatite band 1). Mod spodumene, mod petailite, tantalite
ACD012	33.78	34.84	1.06	L2 (Lower Pegmatite band 2). Mod spodumene, mod petailite, tantalite
ACD013	1.71	3.75	2.04	Main Pegmatite. Core loss, weathered, some spodumene
ACD014	0.00	5.40	5.40	U 4 (Upper Pegmatite band 4) poorly mineralised
ACD014	33.00	34.65	1.65	U1 (Upper Pegmatite band 1); spodumene
ACD014	38.95	40.56	1.61	Main Pegmatite. Spodumene and petalite
ACD014	40.94	42.97	2.03	Main Pegmatite. Spodumene and Petalite
ACD014	55.25	56.90	1.65	L2 (Lower Pegamatite band 2) Spodumene, some petalite
ACD014	58.53	60.00	1.47	L 4 (Lower Pegmatite band 4) Poorly mineralised
ACD014	68.02	75.16	7.14	L6 (lower Pegmatite band 6)Spodumene and petalite
ACD015	0.93	5.50	4.57	Main Pegmatite. Moderate spodumene, some petalite.
ACD015	17.94	19.91	1.97	L1 (Lower Pegmatite band 1). Some spodumene
ACD015	32.10	33.19	1.09	L2 (Lower Pegmatite band 2). Some spodumene
ACD016	7.54	11.85	4.31	U1 Weathered. Partly mineralised, some Spodumene
ACD016	14.50	19.97	5.47	Main Pegmatite, moderately to well mineralised, Spodumene & petalite
ACD016	41.00	50.50	9.50	L6 (Lower Main). Moderately to well mineralised, Spodumene & petalite

Map of the Completed Diamond drill collars (white) and RC drill holes (green)

For further information, please contact:

Executive Chairman Executive Director Ph: +61 413 621 652 Ph: +263 772 144 669

Hugh Warner Harry Greaves Prospect Resources Prospect Resources

Competent Person's Statement

The information in this announcement that relates to Exploration Targets, 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.

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Samplingtechniques	Nature and quality of sampling (eg cut channels, random chips, orspecific specialised industry standardmeasurement tools appropriateto the minerals under investigation, such as down hole gammasondes, or handheld XRF instruments, etc). These examples shouldnot be taken as limiting the broad meaning of sampling.	•At the ArcadiaProject, The samples were percussion chips generated froma Smith Capitalrig, using a double tube reversecirculation technique.•3kg Samples were collected every metre in triplicate, in addition to a smallersample retained for reference and logging.
	Include reference to measures taken to ensure sample representivityand the appropriate calibration of any measurement tools or systemsused.	Standards, blanks and field duplicates will be inserted into thesample shipment (5% of total sample number)
	Aspects of the determination of mineralisation that are Material to thePublic Report.	Samples will be shipped to Zimlabs laboratory where they will bepulverized to produce a 30g chargeand thendispatched bycourier to ALS Johannesburg. All samples will beanalysed by
	In cases where 'industry standard' work has been done this would berelatively simple (eg 'reverse circulation drilling was used to obtain 1m samples from which 3 kg was pulverised to produce a 30 g chargefor fire assay'). In other cases more explanation may be required,such as where there is coarse gold that has inherentsamplingproblems. Unusual commodities or mineralisation types (egsubmarine nodules) may warrant disclosure of detailed information.	multi-element ICP(ME-MS61). Overlimits on lithium analysed byLiOG63 method,
Drillingtechniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary airblast, auger, Bangka, sonic, etc) and details (eg core diameter, tripleor standard tube, depth of diamond tails, face-sampling bit or othertype, whether core is oriented and if so, by what method, etc).	Double tube, 5" reverse circulation.A trailer mounted Smith Capitaldouble tube RC rig was used with a 25 bar (Inergsoll Rand) 2013compressor. 3m rods were used, and the hole air blasted to allow samplerecovery via a cyclone every 1m.
Drill samplerecovery	Method of recording and assessing core and chip sample recoveriesand results assessed.	Chip samples were bagged directly from the cyclone, and immediatelyweighed, then riffle split.
	Measures taken to maximise sample recovery and ensurerepresentative nature of the samples.	Material seems largelyhomogenous, and no relationship has been detectedbetween grain size and assayed grade.
	Whether a relationship exists between sample recovery and gradeand whether sample bias may have occurred due to preferentialloss/gain of fine/coarse material.

Criteria	JORC Code explanation	Commentary
Logging	Whether core and chip samples have been geologically andgeotechnically logged to a level of detail to support appropriateMineral Resource estimation, miningstudies and metallurgicalstudies.	•Chip samples have been geologically logged at 1m intervals, with data recordedin spreadsheet format using standardized codes. Sample weight, moisturecontent, lithologies, texture, structure, induration, alteration, oxidation andminerlisation were recorded.
	Whether logging is qualitative or quantitative in nature. Core (orcostean, channel, etc) photography.	•The work is undertaken according to Prospect Resources' standard proceduresand practices, overseen by the CP.Prospect Resources believes that the level of
	The total length and percentage of the relevant intersections logged.	detail and quality of the work is appropriate to support the current and any futureexploration.
Sub-samplingtechniquesand sample	If core, whether cut or sawn and whether quarter, half or all coretaken.	•Samples were bagged straight from the cyclone. Typically 12 –18 kg ofsample were produced per metre.
preparation	If non-core, whether riffled, tube sampled, rotary split, etc andwhether sampled wet or dry.	•The dry samples were split using a 3-stage riffle splitter. With three, 3kgsamples being collected per 1m interval. Excess material was dumped in a
	For all sample types, the nature, quality and appropriateness of thesample preparation technique.	landfill,•Field duplicates were produced every 20th sample.
	Quality control procedures adopted for all sub-sampling stages tomaximise representivity of samples.	•The 3kg samples were crushed and milled (90%, pass-75u) at the FarvicLaboratory. Labduplicates, blanks and standard material ( produced and
	Measures taken to ensure that the sampling is representative of the insitu material collected, including for instance results for fieldduplicate/second-half sampling.	AMIS) were inserted in identical packets to the samples, one per 20 normalsamples. This was done under the supervision of a qualified geologist.
	Whether sample sizes are appropriate to the grain size of the materialbeing sampled.
Quality ofassay dataandlaboratorytests	The nature, quality and appropriateness of the assaying andlaboratory procedures used and whether the technique is consideredpartial or total.	All samples will be analysed by multi-element ICP (ME-MS61).Overlimits on lithium analysed by LiOG63 method, after four aciddisolution, at ALS
	For geophysical tools, spectrometers, handheld XRF instruments, etc,the parameters used in determining the analysis including instrumentmake and model, reading times, calibrations factors applied and theirderivation, etc.	
	Nature of quality control procedures adopted (eg standards, blanks,duplicates, external laboratory checks) and whether acceptable levelsof accuracy (ie lack of bias) and precision have been established.
Verification ofsampling and	The verification of significant intersections by either independent oralternative company personnel.	•Prospect Resources' Chief geologist has almost 30 years experience andwas on site during most of the drilling and sample pre-preparation. The

Criteria	JORC Code explanation	Commentary
assaying	The use of twinned holes.Documentation of primary data, data entry procedures, dataverification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data.	significantintersectionswere also shown Geological Survey staff.•All hard copies of data are retained at the Prospect Resource Explorationoffices, attached to the Farvic Mine. All electronic data resides in Excelformat on the office desktop, with back-ups retained on hard-drives in a safe.No holes have been twinned to date.Though twinning istaking placeon historically drilled holes (from 1970s)
		Logging and assay data captured electronically on excel spreadsheet,and subsequently Access database.
Location of	Accuracy and quality of surveys used to locate drill holes (collar and	No Mineral Resource estimate has been carried out.
data points	down-hole surveys), trenches, mine workings and other locationsused in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.	The first drill holewascompleted withdown-hole surveyed using aAzimuth Point System (APS) Single Shot survey method down-holeinstrument at a minimum of every 50m and measured relative tomagnetic North. These measurements have been converted frommagnetic to UTM Zone 35 South values. No significant hole deviationis evident in plan or section
Data spacing	Data spacing for reporting of Exploration Results.	Drill holes are planned to be drilled at an average of 50m intervals
anddistribution	Whether the data spacing and distribution is sufficient to establish thedegree of geological and grade continuity appropriate for the MineralResource and Ore Reserve estimation procedure(s) andclassifications applied.	along strike. This issufficient to establish geological and gradecontinuity, Further infill drilling is planned to take place as a secondcampaign to infill this to 25m
	Whether sample compositing has been applied.
Orientation ofdata inrelation to	Whether the orientation of sampling achieves unbiased sampling ofpossible structures and the extent to which this is known, consideringthe deposit type.	Mineralised structures are flat lying pegmatites and drilling wasplanned in a straightforward manner to intersect thesestructureswithout bias.
geologicalstructure	If the relationship between the drilling orientation and the orientationof key mineralised structures is considered to have introduced asampling bias, this should be assessed and reported if material.
Samplesecurity	The measures taken to ensure sample security.	Samples will beplaced in sealed bags to prevent movement andmixing. Minimal preparation was done on site.
Audits orreviews	The results of any audits or reviews of sampling techniques and data.	To be advised.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	Type, reference name/number, location and ownership includingagreements or material issues with third parties such as jointventures, partnerships, overriding royalties, native title interests,		Arcadia V claim, held by JV partner Paul Chimbodza.
tenement andland tenure			No environmental or land title issues.
status	historical sites, wilderness or national park and environmentalsettings.	Rural farmland -	fallow
	The security of the tenure held at the time of reporting along with anyknown impediments to obtaining a licence to operate in the area.
Explorationdone by otherparties	Acknowledgment and appraisal of exploration by other parties.		historical estimates	Two rounds of historical drilling were done. Three EXT holes weredrilled in 1969 at site of current pit. These logs are available, and thelithologies observed are consistent with that seen by ProspectResources' drilling. The sites of at least 10 NQ sized boreholes havealso been identified in the field. The detailed records of thisprogramme have been lost. But the work done in the 1970's wasrecorded by the Geological Survey in their 1989 bulletin, whereof 18mt at up		to 5% Li were recorded.
Geology	Deposit type, geological setting and style of mineralisation.			Na-Li pegmatite, with spodumene, eucryptite, petaliteamblygonite. In addition to disseminated tantalite and beryl.			and
Drill holeInformation	A summary of all information material to the understanding of theexploration results including a tabulation of the following information	Bhs	Eastings	Northings	RL	Azimuth	Dip	Depth
	for all Material drill holes:	ACR001	331,538	8,034,130	1,367	130	-79	51
	oeasting and northing of the drill hole collar	ACR002	331,505	8,034,181	1,366	151	-81	52
	oelevation or RL (Reduced Level –elevation above sea level inmetres) of the drill hole collarodip and azimuth of the hole
		ACR003	331,454	8,034,257	1,375	144	-80	76
	odown hole length and interception depth	ACR004	331,672	8,034,203	1,348	147	-80	37
	ohole length.	ACR005	331,587	8,034,234	1,342	144	-80	33
	If the exclusion of this information is justified on the basis that the
	information is not Material and this exclusion does not detract fromthe understanding of the report, the Competent Person should clearlyexplain why this is the case.	ACR006	331,533	8,034,314	1,344	148	-80	55

Criteria	JORC Code explanation	Commentary
		ACR007	331,708	8,034,254	1,335	139	-81	43
		ACR008	331,670	8,034,293	1,330	148	-80	50
		ACR009	331,615	8,034,365	1,328	155	-79	55
		ACR010	331,471	8,034,399	1,346	156	-80	70
		ACR011	331,684	8,034,450	1,320	156	-80	76
		ACR012	331,638	8,034,511	1,318	146	80	81
		ACR013	331,781	8,034,489	1,321	135	79	81
		ACR014	331,780	8,034,308	1,324	150	78	82
		ACR015	331,753	8,034,344	1,327	135	80	68
		ACR016	331,557	8,034,449	1,318	158	79	76
		ACR017	331,500	8,034,536	1,324	135	80	53
		ACR018	331,417	8,034,476	1,360	135	80	82
Dataaggregationmethods	In reporting Exploration Results, weighting averaging techniques,maximum and/or minimum e truncations (eg cutting of high grades)and cut-off grades are usually Material and should be stated.Where aggregate intercepts incorporate short lengths of high graderesults and longer lengths of low grade results, the procedure usedfor such aggregation should be stated and some typical examples ofsuch aggregations should be shown in detail.The assumptions used for any reporting of metal equivalent valuesshould be clearly stated.	veins.		Borehole intersections were reported using downhole weightedaveraging methods. No maximum or minimum grade truncations wereused. The mineralisation is well constrained in pegmatites and quartz
Relationshipbetweenmineralisationwidths and	These relationships are particularly important in the reporting ofExploration Results.If the geometry of the mineralisation with respect to the drill hole	The firstis-80°.		drilled to intersect the shallow dipping pegmatitedrill holes were drilled with an azimuth of 135°. The dip of all the holes			veins. All

Criteria	JORC Code explanation	Commentary
intercept	angle is known, its nature should be reported.	The first hole intersected the main pegmatite as planned.
lengths	If it is not known and only the down hole lengths are reported, thereshould be a clear statement to this effect (eg 'down hole length, truewidth not known').
Diagrams	Appropriate maps and sections (with scales) and tabulations ofintercepts should be included for any significant discovery beingreported These should include, but not be limited to a plan view ofdrill hole collar locations and appropriate sectional views.	Mapsare attached and cross sections are being created
Balancedreporting	Where comprehensive reporting of all Exploration Results is notpracticable, representative reporting of both low and high gradesand/or widths should be practiced to avoid misleading reporting ofExploration Results.	The Company believes that all resultshave been reported andcomplywith balanced reporting.
Othersubstantiveexplorationdata	Other exploration data, if meaningful and material, should be reportedincluding (but not limited to): geological observations; geophysicalsurvey results; geochemical survey results; bulk samples –size andmethod of treatment; metallurgical test results; bulk density,groundwater, geotechnical and rock characteristics; potentialdeleterious or contaminating substances.	Channel sampling also carried out at the adjacent dormant pit, thatwas mined in the '70s. Geological mapping and grab sampling wasundertaken on a surveyed grid, down-dip and along strike of the pit.
Further work	The nature and scale of planned further work (eg tests for lateralextensions or depth extensions or large-scale step-out drilling).	Infill and extension drilling is being planned for Q3 2016
	Diagrams clearly highlighting the areas of possible extensions,including the main geological interpretations and future drilling areas,provided this information is not commercially sensitive.