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REDSTONE RESOURCES LIMITED Capital/Financing Update 2014

May 26, 2014

65676_rns_2014-05-26_d7223468-0cc6-4440-9289-bba811868386.pdf

Capital/Financing Update

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27 May 2014

Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Electronic Lodgement

Significant Increase to Conceptual Exploration Target at Redstone's Tollu Project

Redstone Resources Limited (ASX: RDS) ("Redstone" or "the Company") is pleased to announce a significant increase to the Conceptual Exploration Target ("Target") at its 100% owned Tollu Project ("the Project") in the West Musgrave region of Western Australia.

Redstone has estimated the Target to be 22 to 33 million tonnes of mineralisation at a conceptual grade range of 0.9 - 1.3% Cu, containing 198,000 to 445,000 tonnes of copper. This includes an estimate of 4.3 to 6.4 million tonnes of mineralisation at a conceptual grade range of 1.6 - 2.4%, containing 69,000 to 154,000 tonnes of copper on the Chatsworth Prospect.

The potential quantity and grade of the Target is conceptual in nature. It is important to note that there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

The increased Target was the result of activities undertaken during the recently completed Stage 1 exploration program. The Target was estimated on the current geological understanding of the mineralised outcrop area at Tollu coupled with geophysical evidence to suggest that the mineralised environment extends under cover to the north and south. The Target has been estimated using geological field observations, three dimensional modelling (3DM), known Cu assays and geological analysis of 87 Reverse Circulation (RC) and 3 Diamond Drill Holes (DDH).

Commenting on the significantly increased Target, Redstone's Chairman, Richard Homsany stated:

"We are delighted with the recently announced Cu assay results and work completed in the Stage 1 Exploration Program, which has culminated in the significant increase to the Conceptual Exploration Target at Tollu. The enhanced Target is strong evidence that the Project has the potential to develop into a series of large and high grade deposits with the necessary scale to sustain commercial mining operations.

It also provides Redstone with a robust platform to aggressively advance Tollu. It is envisaged that the next exploration stage will require an extensive drilling program to deliver a maiden Mineral Resource this year.

Further, given that exploration to date has been limited to less than 5% of the tenement, there is potential upside for additional projects of a similar nature to Tollu to be defined. As the final deliverable from the Stage 1 Exploration Program, we expect to announce details of these additional projects very soon".

Tollu Projec ct (Redstone e 100%)

Redstone's Western Au on the Com 100% owne ustralia (Figu mpany's 100% ed Tollu Proje ure 1). The P % owned ten ect is located Project is ap ement E69/2 d in the sou pproximately 2450. th‐east port y 20km south ion of the W h‐east of the West Musgra e Blackstone ve region of Community

The Project covering an surface and t consists of n area of at l d form part o f a large swa least 5km2 . of a dilatation arm of hydr Malachite‐ri nal system b othermal co ich gossans etween two opper rich q associated w major struct uartz veins i with quartz v tures within in a mineral veins are exp the Tollu Fa lised system posed at the ult Zone.

Figu ure 1 – West t Musgrave ‐ Location M Map

Figure 2 2 – Tollu Pro oject – Prosp pect Map

The Project (former Cen (former We t currently c ntral Zone Su estern Zone) comprises 16 ubzone 1), th and the Daw 6 prospects he Eastern R wyck Prospec (Figure 2). T Reef Prospect cts (former C The initial fo t (former Ea Central Zone ocus is on th stern Zone), Subzone 4). he Chatswor the Main Re . rth Prospect eef Prospect

Tollu Project - Conceptual Exploration Target

Redstone has defined an increased Conceptual Exploration Target (Target) for the Tollu Project of 22 to 33 million tonnes of mineralisation at a conceptual grade range of 0.9 - 1.3% Cu, containing 198,000 to 445,000 tonnes of copper. This includes an estimate of 4.3 to 6.4 million tonnes of mineralisation at a conceptual grade range of 1.6 - 2.4%, containing 69,000 to 154,000 tonnes of copper on the Chatsworth Prospect. This Target is based on the current geological understanding of the mineralised outcrop area at Tollu and coupled with geophysical evidence to suggest that the mineralised environment extends beneath cover to the north and south. Table 1 describes the Target breakdown by Prospect.

The Tollu deposit is located in a large, reverse fault system where Cu mineralisation is focused into low stress dilatational jog positions along a north-south structural corridor (Figure 3). High grade Cu mineralisation appears to be constrained to late stage veining within the dilatational positions which results in a limited strike length of the mineralisation. Drilling at the Project has showed these mineralised jogs have a steep plunge competent which has been tested down to a vertical depth of 360 metres. Mineralised jog positions occur at relatively regular intervals of $100 - 300$ metres along the structural corridor.

Geophysical interpretation suggests this structural corridor extends up to 30 km to the north of the Tollu deposit and acts as a transform structure from the Tjuni Purlka Tectonic Zone, a deep-seated crustal suture. For the purpose of the Target estimation, it is assumed that these reoccurring mineralised pods extend 2 km beneath cover to the north and 1 km to the south of the known mineralisation at Tollu (Figure 4).

Tonnes Tonnes Grade Grade Contained Contained
Prospect Lower Upper Lower Upper Copper Copper
Cu% Cu% Lower Upper
Eastern Reef 11,67,0000 17,500,000 0.6% 1.0% 75.000 168,000
Chatsworth 4,300,000 6.400.000 1.6% 2.4% 69.000 154,000
Main Reef 5,500,000 8,300,000 0.8% 1.2% 44.000 100,000
Dawyck 200,000 310,000 2.0% 3.0% 4,000 9,000
Forio 240,000 360,000 1.2% 1.8% 3.000 6,000
Hampton 180,000 260,000 0.8% 1.2% 1,000 3,000
Boboli 90,000 140,000 1.2% 1.8% 1,000 3,000
Killruddery 50,000 80,000 1.2% 1.8% 1,000 1,000
Tiergarten 40.000 60.000 1.2% 1.8% 500 1,000
22,270,000 33,410,000 0.9% 1.3% 198,500 445,000

Table 1 - Tollu Project - Target - Prospect Breakdown

Figure 3 - Tollu Project - Exploration Target - Surface Mapping

Target Parameters

Geology

A field visit was completed by BM Geological Services (BMGS) in March 2014 to gather additional data for the purpose of constructing this Target. Outcropping vein geometries were mapped and measured in detail with emphasis placed on paragenesis of mineralisation.

Field observations identified that phases of mineralised quartz veining are located within low stress, dilatational jogs caused by the reactivation of a regional scale reverse fault (Tollu Fault) (Table 2). The Tollu Fault has been interpreted as a deep-seated transform structure of the NW-SE striking Tjuni Purlka Tectonic Zone situated to the north (Figure 4).

An early, uniform, phase of veining appears to be related to an initial structural phase (probably reverse faulting) and is characterised by unmineralised, banded, ferruginous quartz (Table 2). This initial veining is interpreted to represent the primary structural architecture. Subsequent reactivation of this structure has created dilatational jog positions which have been exploited by mineralised fluids. Several quartz vein phases have intruded during this reactivation and at least two of these phases appear to be mineralised (Table 2). The mineralised vein phases are lenticular in shape which limits their strike width and length.

Structural Phase Veining Type Mineralisation Veining size
Early Reverse Fault? Banded, ferruginous quartz Unmineralised Uniformed vein widths outcropping forseveral km's
Reverse Fault-Reactivation ofinitial fault phasecreating lowpressuredilatational jogs Very coarse grained,interstitial quartz crystals('Hounds Tooth") Unmineralised Small scale lenses over tens of meters
Fine grained buck quartz +malachite Low grade Cu Small, lenticular; 0.5-2m wide and up to20m long at surface
Faulted quartz + clay +malachite High grade Cu Small, lenticular; 0.5-2m wide and up to20m long at surface
Late Massive buck quartz Unmineralised Large quartz blows up to 100m long and30 m wide

Table 2 - Tollu Vein Paragenesis identified during the March 2014 field mapping programme

The dilatational jog positions occur randomly along the strike extent of the Eastern and Main Reefs but generally at intervals of 100-300m. This observation was used as a parameter to assign tonnes and grade to interpreted mineralised positions under cover.

The mineralisation comprises sub-economic to ore-grade copper mineralisation, occasionally containing elevated concentrations of cobalt and minor concentrates of tungsten and silver. The copper mineralogy is chalcopyrite and bornite at depth and malachite within the regolith.

A geological 3DM was created from data collected during the March 2014 field mapping programme and was extended to the north and south where the mineralisation is believed to continue undercover (Figure 3, 4 & 5). Geophysical evidence suggests that the mineralised structure continues under cover (Figure 4) therefore the conceptual model was extended for 2km to the north and 1km to the south. This results in the Target having an overall strike length of 4.75km and a mineralised volume of 10.7 million cubic metres $(Table 1)$ .

Conceptual targets for the Dawyck, Boboli, Hampton, Kilruddery, Forio and Tiergarten Prospects were estimated on average outcrop strike widths and lengths and projected down to 250m. These conceptual targets are included in the Tollu Target (Table 1).

Figure 4 - District scale structural interpretation illustrating the Tollu Fault's relationship with the Tjuni Purlka Tectonic Zone (After Smalley 2014)

Drilling

Close spaced drilling has occurred at the Project, primarily at the Chatsworth and the Eastern Reef Prospects, focusing on the down plunge component of these mineralised veins. A drill hole database has been constructed and 3DM of the mineralised zones has been completed. Due to low quality down hole surveying, accurate spatial positions cannot be determined but the current dataset suggests that the mineralised veins are vertical to steep west dipping with a steep southerly plunge component. Drilling has demonstrated that mineralisation at the Chatsworth and the Eastern Reef Prospects is present down to a vertical depth of 360m. For the purpose of this Target, mineralisation has been extended down to a vertical depth of 400 metres which is the limit of drilling. The remainder of the conceptual targets have been extended from surface down to 340m RL (250m vertical).

Metallurgical Assumptions

No metallurgical assumptions have been made for this Target. It is assumed that mineralisation is easily recovered through density separation, after crushing and grinding; with no known impurities or contaminates. Future test work is required to better understand the metallurgical properties of the potential ores.

Bulk Density Assumptions

No bulk density measurements have been completed at Tollu to date. Bulk density assumptions were used for the major regolith units and are consistent with values used throughout the Eastern Goldfields.

Completely Oxidised 1.8 $t/m^3$
Transitional 2.5 $t/m^3$
Fresh 2.7 $t/m^3$

An over-density value of 2.6t/ $m3$ was used for the Tollu Target which was calculated based on the majority of the target zone being in fresh rock and a small upper portion in transitional material.

Figure 5 - Tollu Project - Exploration Target - 3D Schematic

Assaying

The current assay dataset was analysed for the purpose of assigning a grade range to the Target. The majority of assay data inside the mineralised wireframes has now been analytically assessed at a commercial laboratory with the remainder of the dataset analysed with a hand held XRF (Table 3). Assay data was queried inside the Eastern Reef and Chatsworth geological models and basic statistics calculated on 1, 2 & 4m composite data (Table 4). The purpose for this analysis was to determine any effect from extreme outliers and/or localised biases. This analysis demonstrated that the dataset is positively skewed but with no large variances (i.e. low coefficient of variation). The mean grade of 0.83% Cu was assigned to the mineralisation at Eastern Reef and a mean grade of 2.0% Cu was attributed to Chatsworth. These grades were then attributed to other prospects that display similar characteristics i.e. Eastern Reef grade assigned to the dilatational jog positions on the Main Reef.

Mineralised Zone Total Of Samples Laboratory XRF
Chatsworth 250 207
Eastern Reef (Mineralised zone only) ר 1 226 86
Eastern Reef Chatsworth
Composite Size $\mathbf{1}$ $\overline{2}$ 4 $\mathbf{1}$ $\overline{2}$ 4
Variable $Cu_{26}$ $Cu_{8}$ $Cu_{26}$ $Cu_{26}$ $Cu_{26}$ $Cu_{26}$
Number of samples 273 132 67 241 114 55
Minimum value 0.00 0.00 0.02 0.01 0.01 0.01
Maximum value 6.16 5.38 4.58 12.28 8.29 6.72
Mean 0.83 0.83 0.83 1.89 1.95 1.97
Median 0.31 0.29 0.29 1.34 1.37 1.56
Variance 1.41 1.17 0.95 3.81 3.08 2.52
Standard Deviation 1.19 1.08 0.98 1.95 1.76 1.59
Coefficient of variation 1.42 1.30 1.18 1.03 0.90 0.81
25.0 Percentile 0.09 0.11 0.17 0.46 0.69 0.81
50.0 Percentile (median) 0.31 0.29 0.29 1.34 1.37 1.56
75.0 Percentile 1.04 1.03 1.24 2.78 2.72 2.73
90.0 Percentile 2.51 2.52 2.40 4.24 4.33 4.16
95.0 Percentile 3.50 3.17 3.05 5.84 5.64 5.32
98.0 Percentile 5.14 3.71 3.85 7.20 7.70 6.35
99.0 Percentile 5.44 5.07 3.85 9.86 8.01 6.35

Table 3 - Cross tabulation of sample analytical technique vs. mineralised zone

Table 4 - Basic statistics completed on 1, 2 & 4m composites within the Eastern Reef and Chatsworth deposits

Mining and Processing Options

Due to the relative isolation of the Tollu project, mining and processing options are limited. Several exploration projects including Nebo-Babel (Cassini Resources Ltd) are located within the region although no active mining is undertaken. Economic considerations have been included in the exploration strategy to ensure the correct scale deposit is explored for given the remote nature of the tenement.

It is thought that a concentration process will be required to upgrade potential ores into a high-grade product for transportation.

Further Work

The current dataset is deemed sufficient for generating a Target for the Tollu Project however, further work required if this project is to become a JORC-compliant resource, includes:

  • Additional drilling program.
  • DGPS surveying all collar positions. $\bullet$
  • Detailed topographic survey. $\bullet$
  • $\bullet$ Detailed down-hole surveying of drill holes (Gyroscopic surveying).
  • Re-assaying drill hole intercepts which only have handheld XRF values. $\bullet$
  • Re-assaying waste domain intersections. $\bullet$
  • $\bullet$ Re-logging of key intersection drill holes.

Subject to funding, it is envisaged that this work will be completed over the course of 2014.

Competent Persons Statement

The information in this announcement that relates to Exploration Targets and Exploration Results was authorised by Mr Darryl Mapleson, a Principal Geologist and a full time employee of BM Geological Services, who are engaged as consultant geologists to Redstone Resources Limited. Mr Mapleson is a Fellow of the Australian Institute of Mining and Metallurgy. Mr Mapleson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to act 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 Mapleson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward-Looking Statements

This document may include forward-looking statements. Forward-looking statements include, but are not limited to statements concerning Redstone Resources Limited's (Redstone) planned exploration program and other statements that are not historical facts. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should", and similar expressions are forwardlooking statements. Although Redstone believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

ABOUT REDSTONE RESOURCES

Redstone Resources Ltd (ASX: RDS) is a Perth-based company focused on highly prospective copper exploration properties in the West Musgrave region of Western Australia.

Redstone's 100% owned Tollu Project is located in the south-east portion of the West Musgrave region of Western Australia. The Tollu Project consists of a large swarm of hydrothermal copper rich quartz veins in a mineralised system covering an area at least 5km2. Malachite-rich gossans associated with quartz veins are exposed at surface and form part of a dilatational system between two major structures within the Tollu Fault Zone.

The Tollu Project has a Conceptual Exploration Target estimated to be 22 to 33 million tonnes of mineralisation at a conceptual grade range of 0.9 - 1.3% Cu, containing 198,000 to 445,000 tonnes of copper. This includes 4.3 to 6.4 million tonnes of mineralisation at a conceptual grade range of $1.6$ -2.4%, containing 69,000 to 154,000 tonnes of Copper on the Chatsworth Prospect.

For further information please contact:

Richard Homsany Chairman Redstone Resources Limited +61 (08) 9328 2552 [email protected]

Miranda Conti Company Secretary Redstone Resources Limited +61 (08) 9328 2552 [email protected]

APPENDIX 1: JORC Code, 2012 Edition – Table 1: Tollu Conceptual Exploration Target; March 2014

Section 1 Sampling Techniques & Data

(Criteria in this section apply to all succeeding sections.)

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foSoleslydld.helydby0ghaT5mesampwereanaser gosewereanasecrgehbsfh.hefireAsitAticAionSpinisireFTttrotrysaywanomorpecmeassay
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hellffAHaddNIONXi00XinsddeineT7RFtrunttonmewasuseareasolouinelisaionheinshadlibrionTttruntattestanomacsoppermrameaca0 sles5everyamp
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hebsfdoholedalandhaDuieniontotta,tateaenceownsurveypneorsvehadbedfodrillholesTLC001–TLC008,TLC016‐TLC017,TLC019,touserhbo%fhedTLC022,TLC045,TLC081‐TLC086.Tis23RCtsuttrepresenaoanddrllholesfohehedrllholeshadoDiamijTiningitt.onrproecremavewnholelhafrointies50 m120t att vettosurveys anervaarmeveryresupeverytremes.
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hl wdfrofbledToicixtTrimGPS aGPS.ntatepograpcoroasgenerma mure on
ingDataspacdbu&isiiontrt fflorlDaingingExionRetattts.spacorreporopasu befheldhadlowdefAineiseiveitytnumr omrazonesvereceaverynsodrll(drlllor)iingiingionutatscoexpprograms
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iiaCrter delanioJORCCotexpan Cotammenry
laionttoreloglicageotrutuscre hedeitttypospe.fhelahbehedrllheIionipiingienion&ieniontttwttatttatreseenororfkeld sdedhadudineiseisiintrututotrooymracresconsreveceaflingbiashisholdbed&diial.ttetesampsuassesserepormar, hejtt aproecreall udedhefdrllhhTaiesimiingicettrt wrstatttrgeomewerenoenooeogwltedldrllholeshalowleshheiniingintionitcttresseveraveryerseanguvwdhefolyflatheldth.iningineisaionitttorzeone anreregrossmraw
leSampitysecur hekeleTitatotymeasuresnensuresampsecur leshabehefheHisticddeitytottorsampareassumeveenunrsecuroholde/ldeldheliveiiveiattentatottotrespecnemersoperrsunrecommerclabohelesldbedhabedeictdrattetotrorywresampwouexpecveenunr reseaccess.
dAuitsoriewrevs helfdflhndaTiiewingiq&tststetaresuoanyauorrevs osampcues fhehabeletd adit ohelinghniqddaATttetaresennocompeusampcues anf clhalybelethisingdaddistratatsttprocessoensesrecenencompeanffivityhaideiiedbeisshich abeingddrdduingtntacsa numr oues wreaesserSta1aivitiesctge

Section 2 Reporting of Exploration Results

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

Criiater OCCodelanioJRtexpan Cotammenry
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lorionExtpadobyhetneoriestpar knledg&l oflorbyheAcisaioniesttttowmenappraexpaor par hehabeld rlordekebyheTimiteioniest eatrtaotartresenecenxpunnr p
logGeoy logl slefliicaing&ineisaionDettytttytpospe,geoesomra heiciginis clydeiewTetntgenorurreunr rev
llholeDri fllflhededfheAinioniaingttetottatsummaryoaormamarunrsno dSeApix2epen
Criiater OCCodelanioJRtexpan Cotammenry
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hfhedrllholellarEaing&ingitttsnorocoo
(leviondudl –levionbolevlinRLReLetteaorceveeaaveseaeo)fhedrllholellaritretmesoco
fdip&imhheholettazoou
doholelenh&dehinionttettwngrceppo
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iiaCrter delanioJORCCotexpan Cotammenry
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Appendix 2: A drill hole summary table and a plan section showing the collar locations of the relevant drill holes.

MGA94 (Zone 52) Intersection
Width (m)
Hole_ID Prospect RL Dip Azim Depth From Down True Cu
Easting Northing (m) (degree) (degree) (m) (m) hole Width (%)
(m) (m)
TLC001 Prater 438520 7108401 567 ‐60 266 49 IFA
TLC002 Prater 438539 7108401 567 ‐60 266 79 IFA
TLC003 Prater 438580 7108401 563 ‐60 266 88 IFA
TLC004 Sanssouci 438195 7108801 581 ‐60 266 79 NSI
TLC005 Chatsworth 438017 7108642 596 ‐60 246 52 IFA
TLC006 Forio 438712 7108998 556 ‐60 266 27 NSI
TLC007 Forio 438692 7108998 556 ‐60 266 100 IFA
TLC008 Killruddery 438833 7109213 561 ‐60 86 162 IFA
TLC009 Killruddery 438840 7109002 563 ‐60 95 186 IFA
TLC010 Unnamed 439519 7107793 562 ‐60 315 306 NSI
TLC011 Forio 438522 7108776 571 ‐60 100 174 IFA
TLC012 Chatsworth 438058 7108637 591 ‐60 240 168 126 14 3.50
TLC013 Chatsworth 437970 7108757 589 ‐60 85 47 NSI
TLC013B Chatsworth 437969 7108759 575 ‐60 80 168 NSI
TLC014 Unnamed 439585 7107072 561 ‐60 266 132 NSI
TLC015 Chatsworth 438087 7108554 585 ‐60 266 246 178 20 2.46
TLC016 Chatsworth 438031 7108681 598 ‐60 245 222 NSI
TLC017 Chatsworth 438044 7108659 595 ‐60 245 186 NSI
TLC018 Chatsworth 438066 7108641 591 ‐62 238 198 142 18 2.08
TLC019 Prater 438461 7108250 578 ‐60 240 240 99 6 0.94
TLC020 Chatsworth 438109 7108556 583 ‐60 266 235 187 12 2.75
TLC021 Chatsworth 438132 7108555 580 ‐60 266 271 248 6 1.80
TLC022 Chatsworth 438100 7108657 587 ‐60 240 13 NSI
TLC022a Chatsworth 438102 7108657 575 ‐60 240 235 201 5 2.6 1.51
TLC023 Chatsworth 438110 7108600 586 ‐60 236 259 209 11 1.57
TLC024 Chatsworth 438120 7108515 582 ‐60 260 247 193 11 1.36
TLC025 Boboli 438150 7108518 579 ‐60 260 286 IFA
TLC026 Killruddery 438700 7108400 566 ‐90 0 252 IFA
TLC027 Eastern Reef 438210 7107600 580 ‐90 0 226 IFA
TLC028 Unnamed 438800 7107400 564 ‐90 0 150 IFA
TLC029 Unnamed 438565 7107400 567 ‐60 266 253 187 5 0.75
TLC030 Chatsworth 438070 7108510 584 ‐60 266 127 87 8 1.44
TLC031 Chatsworth 438090 7108510 583 ‐60 266 157 126 9 2.82
TLC032 Chatsworth 438075 7108550 586 ‐60 260 121 55 9 3.08
TLC032 Chatsworth 438075 7108550 586 ‐60 260 121 100 7 2.45
TLC033 Chatsworth 438060 7108600 592 ‐60 266 139 100 5 2.21
TLC034 Chatsworth 438080 7108600 590 ‐60 266 175 136 14 1.49
TLC035 Chatsworth 438090 7108470 581 ‐60 266 139 90 4 2.8 0.92
TLC036 Chatsworth 438120 7108470 579 ‐60 266 199 NSI
TLC037 Hampton 438220 7108400 570 ‐60 266 247 NSI
TLC038 Chatsworth 438105 7108435 580 ‐60 260 200 70 6 2.26
TLC039 Prater 438135 7108430 580 ‐60 260 250 43 4 1.73
TLC039 Prater 438135 7108430 580 ‐60 260 250 181 3 0.67
TLC040 Sanssouci 438260 7108750 580 ‐60 260 301 IFA
TLC041 Eastern Reef 438460 7108400 577 ‐60 274 247 NSI
TLC042 Eastern Reef 438470 7108300 575 ‐60 274 250 247 3 4.98
Prospect MGA94 (Zone 52) Intersection
Hole_ID Width (m)
RL Dip Azim Depth From Down True Cu
Easting Northing (m) (degree) (degree) (m) (m) hole Width (%)
(m) (m)
TLC043 Chatsworth 438040 7108675 598 ‐60 240 223 NSI
TLC044 Hampton 438230 7108405 570 ‐60 86 250 92 2 0.51
TLC044 Eastern Reef 438230 7108405 570 ‐60 86 250 167 1 0.76
TLC044 Eastern Reef 438230 7108405 570 ‐60 86 250 190 1 0.30
TLC045 Eastern Reef 438461 7108297 575 ‐60 266 401 232 27 9.9 1.45
TLC046 Eastern Reef 438308 7108300 585 ‐60 86 163 IFA
TLC047 Eastern Reef 438288 7108300 582 ‐60 90 181 IFA
TLC048 Hampton 438251 7108300 578 ‐60 90 319 IFA
TLC049 Eastern Reef 438200 7108298 575 ‐60 86 355 IFA
TLC050 Eastern Reef 438230 7108000 575 ‐60 90 247 NSI
TLC051 Hampton 438105 7108290 576 ‐60 86 235 72 4 1.69
TLC052 Prater 438465 7108280 577 ‐60 270 319 192 3 1.23
TLC052 Prater 438465 7108280 577 ‐60 270 319 200 1 0.29
TLC052 Eastern Reef 438465 7108280 577 ‐60 270 319 271 22 8.3 1.31
TLC052 Eastern Reef 438465 7108280 577 ‐60 270 319 301 3 1.1 0.36
TLC053 Chatsworth 438172 7108280 574 ‐60 90 403 IFA
TLC054 Eastern Reef 438438 7108260 577 ‐60 269 325 199 5 2.3 0.62
TLC054 Eastern Reef 438438 7108260 577 ‐60 269 325 276 23 10.6 0.81
TLC055 Prater 438475 7108295 573 ‐60 266 355 158 3 0.76
TLC055 Prater 438475 7108295 573 ‐60 266 355 244 1 0.32
TLC055 Prater 438475 7108295 573 ‐60 266 355 266 4 0.22
TLC055 Prater 438475 7108295 573 ‐60 266 355 280 5 0.28
TLC056 Prater 438469 7108323 576 ‐60 266 319 244 1 0.32
TLC057 Unnamed 438370 7107405 568 ‐60 90 217 IFA
TLC058 Bodnant 439860 7109860 558 ‐60 270 247 IFA
TLC059 Unknown 438150 7107400 572 ‐60 90 295 IFA
TLC060 Prater 438479 7108276 576 ‐60 266 331 IFA
TLC061 Eastern Reef 438130 7107700 577 ‐60 90 379 306 6 0.43
TLC061 Eastern Reef 438130 7107700 577 ‐60 90 379 333 2 0.41
TLC061 Eastern Reef 438130 7107700 577 ‐60 90 379 340 2 0.49
TLC062 Hampton 438172 7108280 575 ‐60 270 280 NSI
TLC063 Unnamed 439295 7109140 562 ‐60 220 241 NSI
TLC064 Hampton 438120 7108255 576 ‐60 86 265 IFA
TLC065 Chatsworth 437930 7108665 582 ‐60 86 223 89 6 0.82
TLC066 Chatsworth 438750 7108702 566 ‐60 270 295 IFA
TLC067 Forio 438635 7108700 567 ‐60 270 283 IFA
TLC068 Forio 438551 7108899 569 ‐60 90 295 IFA
TLC069 Chelsea 437740 7107900 599 ‐60 264 193 IFA
TLC070 Hampton 438201 7108261 576 ‐60 270 271 IFA
TLC071 Hampton 438200 7108300 575 ‐60 270 241 IFA
TLC072 Hampton 438100 7108340 573 ‐60 90 247 162 3 2.66
TLC072 Hampton 438100 7108340 573 ‐60 90 247 47 5 1.17
TLC072 Hampton 438100 7108340 573 ‐60 90 247 186 1 0.86
TLC072 Hampton 438100 7108340 573 ‐60 90 247 204 6 0.63
TLC073 Hampton 438060 7108340 574 ‐60 90 295 191 2 2.90
TLC073 Hampton 438060 7108340 574 ‐60 90 295 254 4 0.78
TLC075 Hampton 438140 7108340 572 ‐60 90 428 308 1 1.33
TLC075 Hampton 438140 7108340 572 ‐60 90 428 151 2 1.74
TLC076 Eastern Reef 438185 7108340 572 ‐60 86 402 238 1 1.29
TLC076 Eastern Reef 438185 7108340 572 ‐60 86 402 267 23 1.45
TLC076 Eastern Reef 438185 7108340 572 ‐60 86 402 131 1 1.70
TLC077 Eastern Reef 438225 7108340 572 ‐60 86 265 227 12 1.65
TLC077 Hampton 438225 7108340 572 ‐60 86 265 160 1 1.25
TLC078 Eastern Reef 438180 7108380 571 ‐60 86 325 287 11 2.03
Prospect MGA94 (Zone 52) IntersectionWidth (m)
Hole_ID RL Dip Azim Depth From Down True Cu
Easting Northing (m) (degree) (degree) (m) (m) hole Width (%)
(m) (m)
TLC079 Eastern Reef 438060 7108380 573 ‐60 86 625 407 1 1.28
TLC079 Hampton 438060 7108380 573 ‐60 86 625 269 1 0.83
TLC079 Hampton 438060 7108380 573 ‐60 86 625 299 6 0.80
TLC079 Hampton 438060 7108380 573 ‐60 86 625 358 1 1.31
TLC080 Chatsworth 437773 7108555 604 ‐60 86 499 424 13 2.95
TLC081 Chatsworth 437799 7108646 605 ‐60 86 499 340 2 1.6 1.47
TLC081 Dawyck 437799 7108646 605 ‐60 86 499 81 1 0.33
TLC082 Dawyck 437850 7108645 603 ‐60 86 325 31 2 0.81
TLC083 Dawyck 437935 7108460 589 ‐60 86 301 28 1 0.59
TLC083 Chatsworth 437935 7108460 589 ‐60 86 301 136 1 0.8 1.14
TLC083 Chatsworth 437935 7108460 589 ‐60 86 301 146 1 0.8 0.94
TLC083 Chatsworth 437935 7108460 589 ‐60 86 301 175 1 0.68
TLC084 Eastern Reef 438220 7108380 571 ‐60 86 277 186 1 0.40
TLC084 Eastern Reef 438220 7108380 571 ‐60 86 277 194 8 0.34
TLC084 Eastern Reef 438220 7108380 571 ‐60 86 277 207 1 0.39
TLC085 Chatsworth 437773 7108537 603 ‐60 86 499 408 10 1.63
TLC085 Dawyck 437773 7108537 603 ‐60 86 499 139 10 1.38
TLC086 Chatsworth 437772 7108520 602 ‐60 86 500 400 6 1.19
TLC086 Dawyck 437772 7108520 602 ‐60 86 500 179 1 0.55
TLD001 Eastern Reef 438463 7108291 575 ‐60 266 311.1 273.75 9.53 2.67
TLD001 Eastern Reef 438463 7108291 575 ‐60 266 311.1 287.15 1.35 0.35
TLD001 Eastern Reef 438463 7108291 575 ‐60 266 311.1 289.03 0.50 0.52
TLD001 Eastern Reef 438463 7108291 575 ‐60 266 311.1 293.07 1.88 1.00
TLD001 Eastern Reef 438463 7108291 575 ‐60 266 311.1 296.54 0.36 0.87
TLD001 Prater 438463 7108291 575 ‐60 266 311.1 143 1 0.56
TLD001 Prater 438463 7108291 575 ‐60 266 311.1 157 2 0.84
TLD001 Prater 438463 7108291 575 ‐60 266 311.1 166 1 0.99
TLD002 Chatsworth 438061 7108635 591 ‐60 240 147.4 126.9 6.08 4.83
TLD002 Chatsworth 438061 7108635 591 ‐60 240 147.4 135.4 1.12 2.70
TLD003 Hampton 438020 7108340 575 ‐60 90 658.9 155 4 0.87
TLD003 Hampton 438020 7108340 575 ‐60 90 658.9 175 1 0.54
TLD003 Hampton 438020 7108340 575 ‐60 90 658.9 219 2 1.45
TLD003 Hampton 438020 7108340 575 ‐60 90 658.9 184 2 0.99
TLD003 Hampton 438020 7108340 575 ‐60 90 658.9 370 2 1.35

NSI – No significant intersection

IFA – Sample identified for future assaying program

N/C – Not calculated