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DECEMBER 2015 QUARTERLY REPORT

ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE

15 JANUARY 2016

HIGHLIGHTS

Annual Highlights

It has been a year of significant progress for the Mabilo Project**.**

Within 18 months of acquiring an interest in the early stage exploration play at the Mabilo Project, RTG:

(i) has undertaken extensive drilling and prepared 2 JORC and NI 43- 101 compliant resource statements delivering a high grade new development opportunity with significant exploration upside remaining;

(ii) identified an early start up strategy that will enable early cashflows, with nominal capital expenditure requirements;

(iii) completed extensive metallurgical test work and resource modelling, establishing a proposed flowsheet for development of the project;

(iv) completed extensive marketing reviews identifying strong offtake opportunities for the proposed products;

(v) completed a Philippine compliant feasibility study on the proposed Direct Shipping Operation ("DSO") to fast track permitting for proposed operations; and

(vi) is nearing completion of a Definitive Feasibility Study ("DFS") for both Stage 1 (the proposed DSO) and Stage 2 ,a plant to produce a number of high grade concentrate products.

Quarterly Highlights

Reported updated Mineral Resource Statement for the Mabilo Project showing a 52% increase in Indicated Resources.
Total Indicated Resource of 8.9Mt at 1.92% Cu, 2.03g/t Au, 9.79g/t Ag and 45.56 Fe, containing 169,800t copper and 577,600oz of gold at a 0.3g/t Au cut-off grade.
Total Inferred Resource of 3.9Mt at 1.46% Cu, 1.47g/t Au, 9.09g/t Ag and 29.02% Fe, containing 57,000t copper and 184,900oz of gold at a 0.3g/t Au cut-off grade.
Indicated Oxide Resource that includes a high grade oxide gold "cap" zone (385,000t @ 2.9g/t Au) and a very high grade Supergene Chalcocite zone (102,000t @ 23.0% Cu) at shallow levels.
Key achievements in DFS work: Completed Geology and Resources Completed Mining Studies Completed Process Design Completed Marketing Studies Completed Waste Dump and TSF designs Completed Environment and Social Impact
Additional testing and sampling is required to finalise the metallurgical report which is underway.
Resistivity, IP surveys and petrographic work were completed at Bunawan showing several highly resistive and strongly chargeable zones which warrant drill testing in the future.
Ground magnetics and petrographic work completed at Bahayan showing significant magnetic anomalies which warrant resistivity and IP survey follow up work.
Cash and liquid assets as at 31 December of AU$6.827M

MABILO PROJECT

Overview of the Quarter

The December Quarter focused on finalising the updated Mineral Resource, which was announced in November, advancing the DFS and progressing the oxide mining permit application.

Initial expectations for completion of the DFS were late this quarter however additional testwork and assaying is required to finalise the metallurgical report. The timing of the proposed startup of the Stage 1 DSO will not be affected by the timing for completion of the DFS as it is focused on Stage 2, being the development of a plant for production of high grade concentrate materials.

Project Background

The Mabilo Project is located in Camarines Norte Province, Eastern Luzon, Philippines. It is comprised of one granted Exploration Permit (EP-014-2013-V), currently being renewed, of approximately 498 ha and two Exploration Permit Applications (EXPA-000188-V) of 2,737 ha and (EXPA 0000 209-V) of 498 ha. The Project area is relatively flat and is easily accessed by 15 km of all-weather road from the highway at the nearby town of Labo.

Massive magnetite mineralisation containing significant copper and gold grades occurs as replacement bodies together with mineralized garnet skarn and calcsilicate altered rocks within a sequence of hornfelsed sediments of the Eocene aged Tumbaga Formation. The garnet and magnetite skarn rocks were extensively altered by argillic retrograde alteration and weathering prior to being covered by 25-60 metres of post mineralisation Quaternary volcaniclastics (tuff and lahar deposits) of the Mt Labo Volcanic Complex. The deposits are localised along the margins of a diorite stock which does not outcrop within the Exploration Permit (currently being renewed).

The primary copper mineralisation (predominantly chalcopyrite with lesser bornite) occurs as disseminated blebs and aggregates interstitial to magnetite grains and in voids within the magnetite. A strong correlation between gold and copper values in the un-weathered magnetite skarn indicates the gold is hosted by the chalcopyrite. A late stage phase of sulphide mineralisation (predominantly pyrite) veins and locally brecciates the magnetite mineralisation.

Figure 1 - RTP ground magnetic image with modelled South, North and East magnetic bodies and showing exploration upside targets.

In places the more shallow upper parts of the magnetite skarn bodies were weathered to form hematite skarn. Copper in the weathered zone was remobilised forming high-grade supergene copper zones (chalcocite and native copper) at the base of the weathering profile. The gold was more variable, remobilised throughout the hematite skarn and is domained within garnet skarn and calc-silicate altered country rocks in places. The average iron grade of the hematite skarn is consistent with the magnetite skarn.

Sierra discovered the mineralisation in 2012 during a reconnaissance drilling program targeted on magnetic anomalies from a ground magnetic survey conducted by a former explorer. Sierra subsequently conducted a new ground magnetic survey in early 2013, remodeled the data and commenced a second phase of drilling in mid 2013.

Extensive drilling has been undertaken during 2014 and 2015 with significant extensions in known strike beyond the magnetic model in the North and South directions. A total of 69 drill holes totaling 11,231m were used for the maiden resource estimate (ASX released on the 24th November 2014). An updated resource estimate (ASX released on the 5th November 2015) was completed using 98 drill holes totaling 18,200.9m. By the end of the quarter, 111 drill holes had been completed at the project. The current resource is open down plunge and along strike, with all mineralization found to date being shallow enough to be amenable to open pit mining techniques.

Figure 2 - North and Southern Mineralised Zones with intercept highlights - Schematic Oblique view 3D.

Figure 3 - Local RTP magnetic image of the Mabilo deposit showing the magnetic models and all drilling completed to date.

Mabilo Mineral Resource Update

The Mineral Resource was prepared by independent resource consultancy CSA Global Pty Ltd ("CSA") and was reported in accordance with the JORC Code (2012) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

The Indicated Mineral Resource category has significantly increased by 52% to 8.9Mt.

Highlights of the resource include: –

• Total Indicated Resource of 8.9Mt at 1.92% Cu, 2.03g/t Au, 9.79g/t Ag and 45.56 Fe, containing 169,800t copper and 577,600oz of gold at a 0.3g/t Au cutoff grade (Table1).

• Total Inferred Resource of 3.9Mt at 1.46% Cu, 1.47g/t Au, 9.09g/t Ag and 29.02% Fe, containing 57,000t copper and 184,900oz of gold at a 0.3g/t Au cut-off grade (Table 1).

• Indicated Oxide Resource that includes a high grade oxide gold "cap" zone (385,000t @ 2.9g/t Au) and a very high grade Supergene Chalcocite zone (102,000t @ 23.0% Cu) at shallow levels (Table 2).

Mineral Resource Estimate Results -Reporting at 0.3 g/t Au lower cut-off -Mabilo South and North Deposits
Classification	Weathering	MillionTonnes	Cu %	Au g/t	Ag g/t	Fe %	ContainedAu ('000sOz)	ContainedCu ('000st)	ContainedFe ('000st)
Indicated	Oxide +Supergene	0.78	4.1	2.7	9.7	41.2	67.1	32.1	320.8
Indicated	Fresh	8.08	1.7	2.0	9.8	46.0	510.5	137.7	3,713.7
Indicated	Total AllMaterials	8.86	1.9	2.0	9.8	45.6	577.6	169.8	4,034.5
Inferred	Oxide +Supergene	0.05	7.8	2.3	9.6	26.0	3.5	3.7	12.3
Inferred	Fresh	3.86	1.4	1.5	9.1	29.1	181.5	53.3	1,121.8
Inferred	Total AllMaterials	3.91	1.5	1.5	9.1	29.0	184.9	57.0	1,134.1

Note: The Mineral Resource was estimated within constraining wireframe solids based on the mineralised geological units. The Mineral Resource is quoted from all classified blocks above a lower cut-off grade 0.3 g/t Au within these wireframe solids. Differences may occur due to rounding

Indicated
South MineralisedZone	MillionTonnes	Aug/t	Cu%	Fe%	ContainedAu('000s oz)	Contained Cu('000st)	Contained Fe('000s t)
Oxide Gold Cap	0.33	3.1	0.2	42.6	33.3	0.7	142.2
Oxide Copper/Gold	0.28	2.4	2.6	44	21.6	7.1	121.4
Supergene Chalcocite	0.1	2.3	23.2	38.4	7.6	23.7	39.2
Sub-Total	0.71	2.7	4.4	42.5	62.5	31.5	302.8
North MineralisedZone
Oxide Gold Cap0.051.90.229.7					3	0.1	15.1
Oxide Copper/Gold	0.02	2.8	3	17.7	1.5	0.5	3
Sub Total	0.07	2.1	0.9	26.7	4.6	0.6	18
Total	0.78	2.7	4.1	41.2	67.1	32.1	320.8
			Inferred
North MineralisedZone	MillionTonnes	Aug/t	Cu%	Fe%	ContainedAu('000s oz)	Contained Cu('000st)	Contained Fe('000s t)
Oxide Gold Cap	0.02	1.7	0.2	27.6	1.2	0.1	6
Oxide Copper/Gold	0.01	1.9	2.3	20.8	0.8	0.3	2.6
Supergene Chalcocite	0.01	3.6	26	28.2	1.5	3.4	3.6
Sub Total	0.05	2.3	7.8	26	3.5	3.7	12.3

Table 1 - Total Mabilo Resource at 0.3 g/t Au Cut-off Grade

Note: The Mineral Resource was estimated within constraining wireframe solids based on the mineralised geological units. The resource is quoted from all classified blocks above a lower cut-off grade 0.3 g/t Au within these wireframe solids. Differences may occur due to rounding

Significant upside potential remains to upgrade the Inferred Resource and to further extend the magnetite skarn mineralisation along strike and down plunge beyond the current resource model.

Feasibility Study Update

The finalisation of the DFS is well advanced however additional testwork and assaying is required to finalise the metallurgical report. The need for additional drilling is dependent on the results of the new testwork. At the end of the quarter the following items have been completed:

Geology and resources;
Mining studies including costs, optimisations, designs and schedules;
Environmental and social impact;
Process plant design;
Infrastructure including accommodation camps, buildings, roads, water storage and balance, telecommunications and port;
Waste dump and tailings storage facility designs;
Project implementation;
Capital cost estimates; and
Marketing studies.

A review of metallurgical domains associated with the variability analysis resulted in the requirement for additional test work and metallurgical sampling to finalise the metallurgical report. Work on the extra sampling has already commenced and is ongoing.

The timing for the completion of the DFS is not a critical path item in the proposed startup of the DSO. The planned DSO will focus on the oxide layer of the resource, which includes two key resources:

330,000t of oxide gold cap at 3.1g/t gold
100,000t of supergene chalcocite at 23% copper.

A commitment to the commencement of the DSO is dependent on the timing of the key operating permits, which are unrelated to the ongoing work on the DFS for the Stage 2 of the project, being the development of a plant and the production of concentrate products from primary ore.

EP Renewal Update

The Mines and Geosciences Bureau is yet to finalise the renewal of the exploration permit at the Mabilo Project. As part of the process, the joint venture partner, Galeo Equipment Corporation ("Galeo") has requested to be named as a co-permittee on the permit. Our advice is that Galeo is not entitled to be named under the Joint Venture Agreement however they are pursuing those objectives through legal action in the Philippines. Mt. Labo Development and Exploration Corporation is currently reviewing the matter and is in discussions with Galeo.

BUNAWAN PROJECT

The Bunawan Property is located in the east of Mindanao Island in Agusan del Sur Province, approximately 190km north-northeast of Davao and adjacent to the Davao – Surigao highway.

The Gradient Array - Induced Polarization (GAIP) program was completed during the quarter with 45.9 line kms covered. The Dipole-Dipole Inducted Polarisation (DDIP) program was also completed with 7.4 line kms covered. The program identified several targets that warrant further work. Some of the targets are coincident with previous geochemical signatures.

Community development programs and Indigenous people programs continued during the quarter.

Figure 4 - Bunawan GAIP Resistivity Survey

OTHER PROJECTS

The Bahayan Project is 6,924 hectares in size and is located approximately 50km south of the Bunawan Property. The Bahayan area hosts several alteration and vein zones, all typical of those formed marginal to porphyry intrusions and characterized by hydrothermal alteration with quartz-sulphide style vein gold mineralization.

Work at Bahayan during the quarter included the completion of 60.2 line kms of ground magnetic survey, further geological mapping, rock chip sampling and petrographic work. Bahayan continues to show potential and the ground magnetic work has highlighted a number of areas that warrant further interpretation and follow up resistivity work.

Figure 5 - Results of Bahayan Ground Magnetic Survey

CORPORATE

The Company received approval for a Research and Development tax claim from the Australian Government in November. The claim is estimated to generate in the order of AU$275,000 receivable in the first 6 months of 2016.

ABOUT RTG MINING INC

RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange and Australian Securities Exchange Limited. RTG is focused on developing the high grade copper/gold/magnetite Mabilo Project and advancing exploration on the highly prospective Bunawan Project, both in the Philippines, while also identifying major new projects which will allow the Company to move quickly and safely to production.

RTG has an experienced management team (previously responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Limited), and has B2Gold as one of its major shareholders in the Company. B2Gold is a member of both the S&P/TSX Global Gold and Global Mining Indices.

ENQUIRIES

Australian Contact President & CEO – Justine Magee

Tel:	+61 8 6489 2900
Fax:	+61 8 6489 2920
Email:	[email protected]

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. Statement regarding interpretation of exploration results, plans for further exploration and accuracy of mineral resource and mineral reserve estimates and related assumptions and inherent operating risks, are forwardlooking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from RTG's expectations include uncertainties related to fluctuations in gold and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the development of RTG's mineral projects; the need to obtain additional financing to develop RTG's mineral projects; the possibility of delay in development programs or in construction projects and uncertainty of meeting anticipated program milestones for RTG's mineral projects and other risks and uncertainties disclosed under the heading "Risk Factors" in RTG's Annual Information Form for the year ended 31 December 2014 filed with the Canadian securities regulatory authorities on the SEDAR website at sedar.com.

QUALIFIED PERSON AND COMPETENT PERSON STATEMENT

The information in this release that relates to exploration results at the Mabilo Project is based upon information prepared by or under the supervision of Robert Ayres BSc (Hons), who is a Qualified Person and a Competent Person. Mr Ayres is a member of the Australian Institute of Geoscientists and a full-time employee of Mt Labo Exploration and Development Company, a Philippine mining company, an associate company of RTG Mining Limited. Mr Ayres has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, 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" and to qualify as a "Qualified Person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Ayres has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in the release. Mr. Ayres consents to the inclusion in the release of the matters based on his information in the form and the context in which it appears.

The information in this release that relates to Mineral Resources is based on information prepared by or under the supervision of Mr Aaron Green, who is a Qualified Person and Competent Person. Mr Green is a Member of the Australian Institute of Geoscientists and is employed by CSA Global Pty Ltd, an independent consulting company. Mr Green has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and to qualify as a "Qualified Person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Green has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in the release. Mr Green consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

The information in this report relating to Bunawan exploration results, mineral resources or ore reserves is based on information provided to Mr Robert McLean by RTG Mining Inc. Mr McLean is an independent consultant geologist and is a corporate member of the Australian Institute of Mining and Metallurgy. Mr McLean has the relevant qualifications, experience, competence and independence to qualify as an "Expert" under the definitions provided in the Valmin Code, "Competent Person" as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a "Qualified Person" under National Instruments 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr McLean consents to the inclusion in the report of the matters based on the information he has been provided and the context in which it appears.

Appendix 1: Location of Reported Mabilo Drill Holes

No drilling conducted during the quarter.

Appendix 2 – Schedule of interests and location of Tenements

Tenement reference	Location	Nature of interest	Interest atbeginning ofquarter	Interest at endof quarter
Application for Mineral ProductionSharing Agreement APSA-V-002	Philippines	RTG's interest is held through itsinterest in its associate entity, MtLabo Exploration and DevelopmentCorporation.	40%	40%
MLC MRD 459	Philippines		40%	40%
Exploration Permit ("EP") 014-2013-V	Philippines		40%	40%
EXPA-0000209-V	Philippines		-	40%
EXPA-000188-V	Philippines		40%	40%
Exploration Permit Application("EXPA") 118-XI	Philippines	RTG's interest is held through itsinterest in its associate entity	40%	40%
APSA-003-XIII	Philippines	Bunawan Mining Corporation.	40%	40%
EXPA-037A-XIII	Philippines		40%	40%
EP 033-14-XIII	Philippines		40%	40%
EP-001-06-XI	Philippines		40%	40%
EP-01-10-XI	Philippines	RTG's interest is held through itsinterest in its associate entity OzMetals Exploration & DevelopmentCorporation.	40%	40%
EP-02-10-XI	Philippines		40%	40%
EXPA-123-XI	Philippines		40%	40%

Appendix 3: JORC Code 2012 Edition Table 1 for Mabilo

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Samplingtechniques	Nature and quality of sampling (e.g. cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to theminerals under investigation, such as down holegamma sondes, or handheld XRF instruments, etc).These examples should not be taken as limiting thebroad meaning of sampling.	The assay data reported herein is based on sampling of diamond drill core of PQ,HQ and NQ diameter which was cut with a diamond core saw. Samples aregenerally of 1 m length, although occasionally slightly longer or shorter wherechanges in lithology, core size or core recovery required adjustments; samplesare not more than 2 m length.
	Include reference to measures taken to ensuresample representivity and the appropriate calibrationof any measurement tools or systems used.	The length of each drill run is recorded and the recovery for each run calculated onsite and checked again at the core shed. Certified reference standards and blanksamples were submitted to assess the accuracy and precision of the results andevery 20th sample was sawn into two and the two quarter core samples submitted
	Aspects of the determination of mineralisation that areMaterial to the Public Report.	for analysis separately as a duplicate sample.Half core samples were cut and sent for analysis by an independent ISO-certifiedlaboratory (Intertek McPhar Laboratory) in Manila. Samples were crushed andpulverised (95% <75 μm). Gold was analysed by 50 g Fire Assay and the otherelements including copper and iron by ICP-MS (Inductively Coupled Plasma MassSpectrometry) or ICP-OES (Inductively Coupled Plasma Optical EmissionSpectrometry) following a four-acid digest.
Drilling techniques	Drill type (e.g. core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc)and details (eg core diameter, triple or standard tube,depth of diamond tails, face-sampling bit or other type,whether core is oriented and if so, by what method,etc).	Drilling was by PQ, HQ and NQ diameter, triple tube diamond coring. The corewas not orientated.
Drillsamplerecovery	Method of recording and assessing core and chipsample recoveries and results assessed.	Core recovery is initially measured on site by trained technicians and by thesupervising geologist. Any core loss is measured, the percentage is calculated

Criteria	JORC Code explanation	Commentary
	Measures taken to maximise sample recovery andensure representative nature of the samples.	and both are recorded in the geotechnical log for reference when assessingassay results.All care is taken to ensure maximum recovery of diamond core and drillers areinformed of the importance of core recovery. Any areas of poor core recovery aresampled separately thus assay results can be directly related to core recovery.
	Whether a relationship exists between samplerecovery and grade and whether sample bias may	The majority of the mineralisation is in fresh rock where recoveries are greaterthan 90%. Most mineralisation occurs in wide intersections of massive magnetiteskarn with relatively uniform copper and gold grades. Core loss occurs in fracturezones but is usually not a significant problem i.e. the core lost in fracture zones isunlikely to have been significantly higher or lower grade than the surroundingmaterial. In the weathered hematitic oxidised zones some core loss isunavoidable, but overall recovery is generally >90% and the core loss isvolumetrically minor in the mineralised zones. In areas of poor recovery, thesample intervals are arranged to coincide with drill runs, thus areas of differentcore loss percentage are specific to individual samples which can be assessedwhen interpreting analytical results and modelled in future resource estimationstudies. Where an area of 100% core loss is identified the sample intervals aremarked to each side of the zone and the zone is designated "No core" andassigned zero value in the various log sheets and geochemical database.
	have occurred due to preferential loss/gain offine/coarse material.	There is no discernible relationship between core recovery and grade. The skarnbodies are relatively uniform over significant lengths and the copper and goldgrades are not related to clay and fracture zones which are the main causes ofcore loss.
Logging	Whether core and chip samples have been geologicallyand geotechnically logged to a level of detail to supportappropriate Mineral Resource estimation, mining studiesand metallurgical studies.	Diamond drill core for each entire drill hole was logged in significant detail in anumber of logging sheets including a geological log, a structural log, ageotechnical log and a magnetic susceptibility log for the entire drill hole.Mineralised and sampled intervals are logged individually in a separatequantitative mineral logwith percentages of the different copper minerals beingrecorded. The logging is appropriate for Mineral Resource estimates and mining
	Whether logging is qualitative or quantitative in nature.Core (or costean, channel, etc.) photography.	studies.
		Most of the geological logging is a mixture of qualitative (descriptions of thevarious geological features) and quantitative (numbers and angles of veins andfracture zones, mineral percentages etc.). Both themineralisation log and themagnetic susceptibility log are quantitative. Photographs are taken of all core (both
	The total length and percentage of the relevantintersections logged.	wet and dry) prior to the core being cut.

Criteria	JORC Code explanation	Commentary
		All core, including barren overburden is logged in the various logging sheets notedabove apart from the quantitative mineralisation log in which only the mineralisedintervals sent for geochemical analysis are logged in greater detail.
Sub-samplingtechniquesandsamplepreparation	If core, whether cut or sawn and whether quarter, half orall core taken.	All sampling data is from diamond drill core. Samples are of sawn half core exceptfor duplicate samples which are quarter core. Half core is bagged and sent to anISO-certified independent laboratory for analysis. The other half retained forreference and/or further testwork.
	If non-core, whether riffled, tube sampled, rotary split,etc and whether sampled wet or dry.	Not applicable for diamond core drilling.
	For all sample types, the nature, quality andappropriateness of the sample preparation technique.	All core samples were dried, crushed to 95% <10 mm and a 1.5 kg sub-sample isseparated using a riffle splitter and pulverised to 95% <75 μm. A 50 g sub-sampleis utilised as a FireAssay charge for gold analysis. The sample preparationtechnique and sub-sampling is appropriate for the mineralisation.
	Quality control procedures adopted for all sub-samplingstages to maximise representivity of samples.Measures taken to ensure that the sampling is	Blank samples and duplicate samples are submitted routinely to monitor thesampling and analytical process and to ensure that samples are representative ofin situ material. One in every 20 samples of half core is sawn again to produce twoquarter core duplicate samples which are submitted to the laboratory separatelywith different sample numbers. A blank sample was inserted into sample batchesat every 20th sample.
	representative of the in situ material collected, includingfor instance results for field duplicate/second-halfsampling.	The magnetite skarn mineralisation occurs in extensive zones of magnetite skarnwith disseminated chalcopyrite, containing gold. The sample size of approximately1 m core length is suitable in respect to the grain size of the mineralisation.
	Whether sample sizes are appropriate to the grain sizeof the material being sampled.	The sample size is considered appropriate for the material sampled. It is believedthat grain size has no bearing on the grade of the sampled material.
Quality of assaydataandlaboratory tests	The nature, quality and appropriateness of theassaying and laboratory procedures used and whetherthe technique is considered partial or total.	All core samples were analysed at an ISO-certified independent laboratory. Goldwas analysed by 50 g Fire Assay and the other elements including copper and ironwere analysed by ICP-MS or ICP-OES following a four acid digest. The samplepreparation and assay techniques are of international industry standard and can beconsidered total.

Criteria			JORC Code explanation		Commentary
			For geophysical tools, spectrometers, handheld XRFinstruments, etc, the parameters used in determiningthe analysis including instrument make and model,reading times, calibrations factors applied and theirderivation, etc.		No geophysical tools were used for any analysis reported herein. Magneticsusceptibility readings are used in magnetic modelling but are not used to estimatemagnetite or Fe content.
			Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy (ielack of bias) and precision have been established.		Quality control completed by RTG included analysis of standards,blanks, andduplicates. Commercial Certified Reference Materials were inserted into samplebatches every 40th sample. A blank sample was inserted every 20th sample; theblank sample material has been sourced and prepared from a local quarry. One inevery 20 core samples is cut into 2 quarter core samples which were submittedindependently with their own sample numbers. In addition, Intertek conducted theirown extensive check sampling as part of their own internal QA/QC processeswhich is reported in the assay sheets. A record of results from all duplicates, blanksand standards is maintained for ongoing QA/QC assessment. Examination of allthe QC sample data indicates satisfactory performance of field sampling protocolsand the assay laboratory.A total of341 pulp split samples were submitted forexternal laboratory checks, divided up approximately equally between three umpirelaboratories. A small upward bias in the primary assay was indicated from theexternal assay results however the CRMs submitted to these external laboratoriesdid not perform well. This lead to the conclusion that based on the acceptableperformance of all other quality assurance and quality control measures theprimary assay results are suitable for use in Mineral Resource estimation
Verificationsamplingassaying	ofand		The verification of significant intersections by eitherindependent or alternative company personnel.		Significant mineralisation intersections were verified by alternative companypersonnel.
			The use of twinned holes.
			Documentation of primary data, data entryprocedures, data verification, data storage (physicaland electronic) protocols.		No twinned holes have been drilled.Data documentation, verification and storage is conducted in accordance withRTG's Standard Operating Procedures Manual for the Mabilo Project. The diamonddrill core is manually logged in significant detail in a number of separate Exceltemplate logging sheets. Logging is recorded manually on logging sheets andtranscribed into protected Excel spreadsheet templates or entered directly into theExcel templates. The data are validated by both the Project Geologist and thecompany Database Manager and uploaded to the dedicated project databasewhere they are merged with assay results reported digitally by the laboratory. Hardcopies of all logging sheets are kept at the Project office in Daet.

Criteria	JORC Code explanation	Commentary
		No adjustments have been made to assay data.
	Discuss any adjustment to assay data.
Location of datapoints	Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches, mineworkings and other locations used in MineralResource estimation.	Drill-hole collars are initially surveyed with a hand-held GPS with an accuracy ofapproximately +/-5 m. Completed holes are surveyed by an independent qualifiedsurveyor on a periodic basis using standard differential GPS (DGPS) equipmentachieving sub-decimetre accuracy in horizontal and vertical position.
	Specification of the grid system used.	Drill collars are surveyed in UTM WGS84 Zone 51N grid.
	Quality and adequacy of topographic control.	The Mabilo project area is relatively flat with total variation in topography less than15 m. Topographic control is provided by DGPS surveying.
Data spacing anddistribution	Data spacing for reporting of Exploration Results.	Drill holes are planned on a nominal grid with 20 m between drill holes on 40 mspaced lines.
	Whether the data spacing and distribution is sufficientto establish the degree of geological and gradecontinuity appropriate for the Mineral Resource andOre Reserve estimation procedure(s) andclassifications applied.	The drill hole spacing was designed to determine the continuity and extent of themineralised skarn zones. Based on statistical assessment of drill results to date,the nominal 40 x 20 m drill hole spacing is sufficient to support Mineral Resourceestimation.
	Whether sample compositing has been applied.	No compositing of intervals in the field was undertaken.
Orientation of datainrelationtogeologicalstructure	Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering the deposittype.	No bias attributable to orientation of sampling upgrading of results has beenidentified.
	If the relationship between the drilling orientation andthe orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	No bias attributable to orientation of sampling upgrading of results has beenidentified.

Criteria	JORC Code explanation	Commentary
Sample security	The measures taken to ensure sample security.	Chain of custody is managed by RTG employees. Samples were stored in securestorage from the time of drilling, through gathering and splitting. Remaining core iskept in a secure compound at the Company regional office in Daet town andguarded at night. Samples are sent directly from the core shed to the laboratorypacked in secured and sealed plastic drums using either Company vehicles or alocal transport company. A standard Chain of Custody form is signed by the driverresponsible for transporting the samples upon receipt of samples at the core yardand is signed by an employee of the laboratory on receipt of the samples at thelaboratory. Completed forms are returned to the Company for filing.
Audits or reviews	The results of any audits or reviews of samplingtechniques and data.	The sampling techniques and QA/QC data are reviewed on an ongoing basis byCompany management and independent consultants.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral tenement andland tenure status	Type, reference name/number, location andownership including agreements or material issueswith third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.	The Mabilo Project is covered by Exploration Permit EP-014-2013-V (currentlybeing renewed) and Exploration Permit Application EXPA-000188-V and EXPA0000 209-V. EP-014-2013-V was issued to Mt Labo Exploration and DevelopmentCorporation ("Mt Labo"), an associated entity of RTG Mining Inc. There is a 1%royalty payable on net mining revenue received by Mt Labo in relation to EP-014-2013-V.Mt Labo has entered into a joint venture agreement with Galeo Equipment andMiningCompany, Inc. ("Galeo") to partner in exploring and developing the Mabiloand Nalesbitan Projects. To date, Galeo has earned a 36% interest in the Projects.Sierra Mining Limited ("Sierra"), a wholly owned subsidiary of RTG, entered into aMOU with Galeo whereby Galeo can earn an additional 6% interest in the jointventure by mining the initial 1.5 Mt of waste at Mabilo or Nalesbitan and otherrequirements including assistance with permitting. The MOU is subject to a numberof conditions precedent.
	The security of the tenure held at the time ofreporting along with any known impediments toobtaining a license to operate in the area.	The tenure over the area currently being explored at Mabilo is a grantedExploration Permit which is currently being renewed. All documents are in goodstanding and the renewal process is ongoing. There is no native title or Indigenousancestral domains claims at Mabilo.
Exploration done byother parties	Acknowledgment and appraisal of exploration byother parties.	The only significant previous exploration over the Mabilo project area was a drillingprogram at another site within the tenement and a ground magnetic survey. RTG(or its predecessor Sierra) has reported this data in previous reports to the ASX

Criteria	JORC Code explanation	Commentary
Geology	Deposit type, geological setting and style of	and used the ground magnetic survey as a basis for initial drill siting. SubsequentlyRTG conducted its own ground magnetic survey with closer spaced survey linesand reading intervals which supersedes the historical program. There was noknown previous exploration in the area of the reported Mineral Resource.Mineralisation at Mabilo can be defined as a magnetite-copper-gold skarn which
	mineralisation.	developed where the magnetite-copper-gold mineralisation replaced calcareoushorizons in the Eocene age Tumbaga Formation in the contact zone of a Miocenediorite intrusion.
Drill hole Information	A summary of all information material to theunderstanding of the exploration results including atabulation of the following information for allMaterial drill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level –elevationabove sea level in metres) of the drill hole collarodip and azimuth of the holeodown hole length and interception depthohole length.	All relevant drill hole information has been previously reported to the ASX. Nomaterial changes have occurred to this information since it was originally reported.
	If the exclusion of this information is justified on thebasis that the information is not Material and thisexclusion does not detract from the understandingof the report, the Competent Person should clearlyexplain why this is the case.	All relevant data has been reported.
Dataaggregationmethods	In reporting Exploration Results, weightingaveraging techniques, maximum and/or minimumgrade truncations (e.g. cutting of high grades) andcut-off grades are usually Material and should bestated.	Not reporting exploration results.
	Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shown indetail.	Not reporting exploration results.

Criteria	JORC Code explanation	Commentary
	The assumptions used for any reporting of metalequivalent values should be clearly stated.	Based on preliminary metallurgical testwork undertaken by previous owners,including flotation and magnetic separation, the following assumptionsfor goldequivalents are:-Gold Price US$1200/ozGold recovery –75.2%Copper Price US$5,200t Copper recovery –92.8%Silver Price US$16/ozSilver recovery –60%Iron Price US$65/tIron recovery –88.4%The calculation for gold equivalent values was based on the following formula:AuEq=(((0.752AuOz$1,200)+(0.928CuMetal$5,200)+(0.884FeMetal$65)+(0.6AgOz$16)) / $1,200)/Total ore tonnes
Relationship betweenmineralisation widthsand intercept lengths	These relationships are particularly important in thereporting of Exploration Results.	The Mabilo drillholeshave been drilled both vertically and inclined. The orientationof the mineralised bodies is based on interpretation of geology from drill holessupported by magnetic modelling which indicates that much of the mineralisation isdipping to the southwest.
	If the geometry of the mineralisation with respect tothe drill hole angle is known, its nature should bereported.	The interpreted orientation of the mineralised bodies is based on magneticmodelling and drill-hole data and is documented in the report. The fact that theintersections are in a dipping body and therefore not true widths has been reported.
	If it is not known and only the down hole lengths arereported, there should be a clear statement to thiseffect (eg 'down hole length, true width not known').	No intervals reported can be assumed to be a true width of the mineralisation.
Diagrams	Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported These shouldinclude, but not be limited to a plan view of drill holecollar locations and appropriate sectional views.	Refer to figures within the main body of this report.
Balanced reporting	Where comprehensive reporting of all ExplorationResults is not practicable, representative reportingof both low and high grades and/or widths shouldbe practiced to avoid misleading reporting ofExploration Results.	Not applicable.
Othersubstantiveexploration data	Other exploration data, if meaningful and material,should be reported including (but not limited to):geological observations; geophysical surveyresults; geochemical survey results; bulk samples –	All meaningful explorationdata concerning the Mabilo Project has been reported inprevious reports to the ASX.

Criteria	JORC Code explanation	Commentary
	size and method of treatment; metallurgical testresults; bulk density, groundwater, geotechnicaland rock characteristics; potential deleterious orcontaminating substances.
Further work	The nature and scale of planned further work (e.g.tests for lateral extensions or depth extensions orlarge-scale step-out drilling).	Further drilling is plannedat the Mabilo Project which will systematically testmagnetic bodies and step-out targets along strike and between the NorthMineralised Zone and the South Mineralised Zone as well as down-dip from thesezones.
	Diagrams clearly highlighting the areas ofpossible extensions, including the maingeological interpretations and future drillingareas, provided this information is notcommercially sensitive.	Refer to figures within the main body of this report.

Section 3 Estimation and Reporting of Mineral Resources

Criteria	JORC Code explanation			Commentary
Database integrity		Measures taken to ensure that data has not beencorrupted by, for example, transcription or keyingerrors, between its initial collection and its use forMineral Resource estimation purposes.		Data used in the Mineral Resource estimate is sourced from a data base export.Relevant tables from the data base are exported to MS Excel format and converted tocsv format for import into Datamine Studio 3 software.
		Data validation procedures used.		Validation of the data import include checks for overlapping intervals, missing surveydata, missing assay data, missing lithological data, and missing collars.
Site visits		Comment on any site visits undertaken by theCompetent Person and the outcome of those visits.		A representative of the Competent Person (CP) has visited the project on severaloccasions, most recently in October2015. Diamond drilling programs were underway atMabilo during the previoussite visit. The CP's representative was able to review drillingand sampling procedures, as well as examine the mineralisation occurrence andassociated geological features. Sample storage facilities and the analytical laboratory inManilla have also been inspected. There were no negative outcomes from any of theabove inspections, and all samples and geological data were deemed fit for use in theMineral Resource estimate.

Criteria	JORC Code explanation	Commentary
		Not applicable.
	If no site visits have been undertaken indicate whythis is the case.
Geologicalinterpretation	Confidence in (or conversely, the uncertainty of) thegeological interpretation of the mineral deposit.	The geology and mineral distribution of the system is reasonably complex, and is beingconstantly refined as more drilling is undertaken.As such the CP has taken aconservative approach to Mineral Resource classification.
	Nature of the data used and of any assumptionsmade.	Drill hole intercept logging, assay results and structural interpretations from drill core,and the results of geophysical modelling of magnetic anomalies have formed the basisfor the geological interpretation. For the South Mineralised Zone (SMZ) strike and depthextents have been reasonably well constrained through drilling, except for the southeastern end where the deposit is still open along strike and at depth and assumptionshave been made on the depth and strike extent of the mineralisation. In the NorthMineralised Zone (NMZ) the strike and depth extents of the mineralisation are not fullyconstrained by drilling and assumptions have been made on the depth and strikeextents of the mineralisation based on the available information including thegeophysical modelling and bounding structure interpretations. Some drill collars had notyet been surveyed by DGPS at the time of modelling. The collars had been surveyed byhand held GPS with an estimated horizontal accuracy (based on historicalcomparisons) of roughly 3m. The elevation of the collar has been corrected to thetopographic surface. Mineralisation intercepts from these drill holes were found tocorrespond well with previously interpreted mineralisation zone extents. Any differencesfrom the true position is not expected to have any material impact on the volumes andgrades of the interpreted mineralisation zones
	The effect, if any, of alternative interpretations onMineral Resource estimation.	The extents of the modelled zones are generally reasonably well constrained by thegeological model interpretation, which is based on the drill logging and geophysicaldata. Subsequent to the previous mineral resource estimate the NMZhas beensignificantly re-interpreted based on new drilling data. The results from the reinterpretation show a minor increase in tonnage with grades virtually unchanged.Where geological interpretation has a higher degree of uncertainty it is classified as

Criteria		JORC Code explanation	Commentary
		The use of geology in guiding and controllingMineral Resource estimation.	Inferred regardless of modelling parameters.Geology has been the primary influence in controlling the Mineral Resource estimation.Wireframes have been constructed for the various lithological zones based on style ofmineralisation, host rock and oxidation state as determined by the core logging andassaying.Continuity of geology and structures can be identified and traced between drillholes byvisual, geophysical and geochemical characteristics. Breccia zones interpreted to relateto fault structures have been noted in the drill core andfault structures that offset the
		The factors affecting continuity both of grade andgeology.	mineralised geological units have been modelled.
Dimensions		The extent and variability of the Mineral Resourceexpressed as length (along strike or otherwise),plan width, and depth below surface to the upperand lower limits of the Mineral Resource.	The South Mineralised Zone (SMZ) is interpreted as having a 500m strike length, is 20to 50 m in true width, with vertical depth up to 280 m from roughly 50 m below surface.The North Mineralised Zone (NMZ) has a strike extent of roughly 160m, true widthbetween 20m and 50 m and depth extent of 135 m from roughly 40 m below surface.True thickness variation is a function of limestone/marble lithology, magnetite skarn isthicker at higher levels and thinner where it interfingers with marble-limestone.
Estimationmodellingtechniques	and	The nature and appropriateness of the estimationtechnique(s) applied and key assumptions,including treatment of extreme grade values,domaining, interpolation parameters and maximumdistance of extrapolation from data points. If acomputer assisted estimation method was choseninclude a description of computer software andparameters used.	The mineralisation has been estimated using ordinary kriging (OK) as the primaryestimation method with an inverse distance to the power 2 (IDS) check estimate inDatamine Studio 3 software. 41mineralised lenses have been interpreted and aregrouped into 14mineralised lithological domain zones of Cu-Au-Fe mineralisation,based on lens lithology type and grade. There are 9of these zones in the SMZ and 5zones in the NMZ.The mineralised lithological domain zones were used as hard boundaries to selectsample populations for data analysis and grade estimation. In the South MineralisedZone hard boundaries between individual lenses were used in the grade estimation,while soft boundaries between the lenses within each domain zone were used in theNorth Mineralised Zone. Statistical analysis was completed on each zone to determineappropriate high grade cuts to apply to outlier grades of Fe, Au, Cu and Ag whererequired.

Criteria	JORC Code explanation	Commentary
	The availability of check estimates, previousestimates and/or mine production records andwhether the Mineral Resource estimate takesappropriate account of such data.	OK and IDS estimates are completed concurrently in a number of estimation runs withvarying parameters. The results are compared against each other and the drill holeresults to ensure a reasonable estimate, that best honours the drill sample data isreported. Comparison with the previously reported estimate shows a roughly 12%increase in tonnage and with a slight decrease in the mean reported grades increasesof between 3% and 10% of contained metal as detailed in the relevant section of theMineral Resource estimate report.No mining has yet taken place at these deposits.
	The assumptions made regarding recovery of byproducts.	Ag has been estimated and is assumed to be also recoverable as part of the Aurecovery processes.Fe grade estimated in the MRE is total Fe. Although dominated bymagnetite Fe in the magnetite skarn, it does include other Fe-bearing minerals includingpyrite which will not be economically recoverable.
	Estimation of deleterious elements or other nongrade variables of economic significance (egsulphur for acid mine drainage characterisation).	Potentially deleterious As and S have been estimated into the model to assist withfuture metallurgical work and mining studies, but are not reported at this stage.
	In the case of block model interpolation, the blocksize in relation to the average sample spacing andthe search employed.	Interpreted domains are built into a sub-celled block model with 10 m E-W by 10 m N-Sby 5 m verticalparent block size. Parent block size is chosen based on being roughlyhalf the average drill spacing over the majority of the deposit areas. Search ellipsoidsfor each estimation zone have been orientated based on their geometry and gradecontinuity. Sample numbers per block estimate and ellipsoid axial search ranges havebeen tailored to geometry and data density of each zone to ensure the majority of themodel is estimated within the first search pass. The search ellipse is doubled for asecond search pass and increased 20 fold for a third search pass to ensure all blockswere estimated. Sample numbers required per block estimate have been reduced witheach search pass.
	Any assumptions behind modelling of selectivemining units.	No assumptions have been made. Model minimum sub-cell size is down to 2.5m N-S by2.5m E-W by 2.5m vertical
	Any assumptions about correlation betweenvariables.	No assumptions have been made with each element separately estimated. Statisticalanalysis shows a generally good correlation between Au and Cu grades in unweatheredzones and poor correlation in weathered zones.
	Description of how the geological interpretation wasused to control the resource estimates.	Hard boundaries between each individual lode have been used in the grade estimate

Criteria		JORC Code explanation		Commentary
		Discussion of basis for using or not using grade		for the SMZ. Soft boundaries between the grouped lodes within the mineralisedlithological domain zones and hard boundaries between mineralised lithological domainzones have been used in the grade estimation for the NMZ.
	cutting or capping.The process of validation, the checking processused, the comparison of model data to drill holedata, and use of reconciliation data if available.		Statistical analysis to check grade population distributions using histograms, probabilityplots and summary statistics and the co-efficient of variation, was completed on eachzone for the estimated elements. Outlier grades were variously found for most elementsin the different mineralised lithological domain zones and appropriate high grade cutswhere applied to remove undue influence of these outlier grades on the gradeestimation for each zone.
			Validation checks included statistical comparison between drill sample grades, the OKand IDS estimate results for each zone. Visual validation of grade trends for eachelement along the drill sections was completed and trend plots comparing drill samplegrades and model grades for northings, eastings and elevation were completed. Thesechecks show reasonable correlation between estimated block grades and drill samplegrades. No reconciliation data is available as no mining has taken place.
Moisture		Whether the tonnages are estimated on a dry basisor with natural moisture, and the method ofdetermination of the moisture content.		Tonnages have been estimated on a dry in situ basis. No moisture values werereviewed.
Cut-offparameters		The basis of the adopted cut-off grade(s) or qualityparameters applied.		For some lithological units nominal lower cut-off grades of 0.3 g/t Au or 0.3 % Cu inconcert with the lithological logging were used to define continuous mineralised lenses,in line with recommendations from RTG based on preliminary optimisation studies.
Mining factors orassumptions		Assumptions made regarding possible miningmethods, minimum mining dimensions and internal(or, if applicable, external) mining dilution. It isalways necessary as part of the process ofdetermining reasonable prospects for eventualeconomic extraction to consider potential miningmethods, but the assumptions made regardingmining methods and parameters when estimatingMineral Resources may not always be rigorous.Where this is the case, this should be reported withan explanation of the basis of the miningassumptions made.		It has been assumed that these deposits will be amenable to open cut mining methods,and are economic to exploit with this methodology at the reported average modelgrades. No assumptions regarding minimum mining widths and dilution have beenmade to date.

Criteria		JORC Code explanation		Commentary
Metallurgicalfactorsassumptions	or	The basis for assumptions or predictions regardingmetallurgical amenability. It is always necessary aspart of the process of determining reasonableprospects for eventual economic extraction toconsider potential metallurgical methods, but theassumptions regarding metallurgical treatmentprocesses and parameters made when reportingMineral Resources may not always be rigorous.Where this is the case, this should be reported withan explanation of the basis of the metallurgicalassumptions made.		The oxide portions of similar deposits in the region are being successfully exploited byother entities, and it is assumed that these zones can be economically exploited at themodelled grades. For the unweathered or fresh materials ongoing metallurgical testinghas shown a less consistent response of the samples tested than was expected. Theinitial findings indicate there appears to be a relationship with S:C ratios involved inmetallurgical response. Composite samples appear to respond better to flotation thanthe individual components that make up the composites. Further optimisation testing isongoing to improve recoveries. Based on the results reported to date it is assumed thata significant majority of the modelled unweathered mineralisation can be economicallyexploited andwill be readily upgraded where necessary, using standard gravity,magnetic processes and/or froth flotation concentration techniques as appropriate forthe different product streams.
Environmentalfactorsassumptions	or	Assumptions made regarding possible waste andprocess residue disposal options. It is alwaysnecessary as part of the process of determiningreasonable prospects for eventual economicextraction to consider the potential environmentalimpacts of the mining and processing operation.While at this stage the determination of potentialenvironmental impacts, particularly for a greenfieldsproject, may not always be well advanced, thestatus of early consideration of these potentialenvironmental impacts should be reported. Wherethese aspects have not been considered thisshould be reported with an explanation of theenvironmental assumptions made.		No assumptions regarding possible waste and process residue disposal options havebeen made. It is assumed that such disposal will not present a significant hurdle toexploitation of the deposit and that any disposal and potential environmental impactswould be correctly managed as required under the regulatory permitting conditions.
Bulk density		Whether assumed or determined. If assumed, thebasis for the assumptions. If determined, themethod used, whether wet or dry, the frequency ofthe measurements, the nature, size andrepresentativeness of the samples.		In-situ dry bulk density values have been applied to the modelled mineralisation basedon linear regression formulas for weathered and unweathered material separately. Thisis based on reasonable correlations having been found between measured bulk densityresults and Fe. Of the 1,009 measurements taken, 628 have assay result data, with 216samples falling within the interpreted mineralised zones. 29 samples fall within the oxidemineralisation and density measurement shows a 73% correlation with Fe grade. 188measured density samples fall within the fresh mineralisation with an 80% correlationbetween measured density and Fe grade.
		The bulk density for bulk material must have beenmeasured by methods that adequately account forvoid spaces (vugs, porosity, etc), moisture anddifferences between rock and alteration zones		Density measurements have been taken on drill samples using wax coated waterdisplacement methods, from all different lithological types. CSA Globalhas noted theamount of wax used in the coating process was excessive for some samples. Analysisshowed this issue generally only affects the oxide waste and overburden zones. This

Criteria	JORC Code explanation	Commentary
	within the deposit.	means that waste density assigned to the model could be over stated for theoverburden and oxide zones. There is a possibility that void spaces have been partiallyfilled by wax in the mineralisation zones affected by porosity, resulting in a slightlyhigher density being calculated and assigned to some zones. Any possible effects ofthis are expected to be within the margins of error reflected by the classification.
	Discuss assumptions for bulk density estimatesused in the evaluation process of the differentmaterials.	With the reasonable correlation between Fe grade and bulk density, it is assumed thatuse of the regression formulas describing this relationship is an appropriate method ofrepresenting the expected variability in bulk density for the grade estimated mineralisedblocks. Analysis of the results of application of the regression formulas to the model byindividual mineralised lithological domain unit shows that the mean model densitycompares closely to the mean of the density measurements from within each zone.
Classification	The basis for the classification of the MineralResources into varying confidence categories.	Classification of the Mineral Resource estimates was carried out taking into account thelevel of geological understanding of the deposit, quality of samples, density data anddrill hole spacing.
	Whether appropriate account has been taken of allrelevant factors (ie relative confidence intonnage/grade estimations, reliability of input data,confidence in continuity of geology and metalvalues, quality, quantity and distribution of thedata).	The classification reflects areas of lower and higher geological confidence inmineralised lithological domain continuity based the intersecting drill sample datanumbers, spacing and orientation. Overall mineralisation trends are reasonablyconsistent within the various lithotypes over numerous drill sections.
	Whether the result appropriately reflects theCompetent Person's view of the deposit.	The Mineral Resource estimate appropriately reflects the view of the CompetentPerson.
Audits or reviews	The results of any audits or reviews of MineralResource estimates.	Internal audits were completed by CSA Global which verified the technical inputs,methodology, parameters and results of the estimate.No external audits have been undertaken.
Discussionofrelative accuracy/confidence	Where appropriate a statement of the relativeaccuracy and confidence level in the MineralResource estimate using an approach or proceduredeemed appropriate by the Competent Person. Forexample, the application of statistical orgeostatistical procedures to quantify the relative	The relative accuracy of the Mineral Resource estimate is reflected in the reporting ofthe Mineral Resource as per the guidelines of the 2012 JORC Code.

Criteria	JORC Code explanation	Commentary
	accuracy of the resource within stated confidencelimits, or, if such an approach is not deemedappropriate, a qualitative discussion of the factorsthat could affect the relative accuracy andconfidence of the estimate.
	The statement should specify whether it relates toglobal or local estimates, and, if local, state therelevant tonnages, which should be relevant totechnical and economic evaluation. Documentationshould include assumptions made and theprocedures used.	The Mineral Resource statement relates to global estimates of in-situ tonnes and grade.
	These statements of relative accuracy andconfidence of the estimate should be comparedwith production data, where available.	The deposit has not, and is not currently being mined.

Appendix 4: JORC Code 2012 Edition Table 1 for Bunawan

Section 1 Sampling Techniques and Data

Criteria	Explanation	Commentary

Samplingtechniques	Nature and quality of sampling (e.g. cutchannels,randomchips,orspecificspecialised industry standard measurementtools appropriate to the minerals underinvestigation, such as down hole gammasondes, or handheld XRF instruments, etc).These examples should not be taken aslimiting the broad meaning of sampling.	The data reported in this report relates to the results of 45.9 line-kilometers of gradient array inducedpolarisation (IP)/resistivity surveys conducted between October and December 2015. Surveys wereconducted by austhai Geophysical Consultants Inc (job reference: PH_IP15_07BMC) and supervisedby Bunawan Mining Company personnel. The surveys targeted interpreted mineralization and areas ofno known mineralization at the Bunawan Project. . In additionto the gradient array IP, a Dipole DipoleIP survey was undertaken over a total of 7.25 line-kilometers.Induced Polarisation (IP) is a geophysical imaging technique used to provide a direct measure of bulkdisseminated pyrite in the hydrothermal system. This is an extremely useful parameter to map as thesulphide content typically increases as one gets closer to the feeder zone of an epithermal system.
	Include reference to measures taken toensure sample representivity and theappropriate calibration of any measurementtools or systems used.	wire was flipped half way through the first Grid (NE) so that the Rx rovers were as farThefrom the Tx wire as possible, to remove the effects of EM coupling.EM coupling is largelydue to the regional geologywith some local power line interference.
Drillingtechniques	Drill type (e.g. core, reverse circulation,open-hole hammer, rotary air blast, auger,Bangka, sonic, etc.) and details (e.g. corediameter, triple or standard tube, depth ofdiamond tails, face-sampling bit or othertype, whether core is oriented and if so, bywhat method, etc.).	This release does not report exploration drilling for this project.
Drill samplerecovery	Method of recording and assessing coreand chip sample recoveries and resultsassessed.	This release does not report exploration drilling for this project.

Criteria	Explanation	Commentary


	Measures taken tomaximise samplerecovery and ensure representative natureof the samples.
	Whether a relationship exists betweensample recovery and grade and whethersample bias may have occurred due topreferentialloss/gainoffine/coarsematerial.
Logging	Whether core and chip samples have beengeologically and geotechnically logged to alevel of detail to support appropriate MineralResource estimation, mining studies andmetallurgical studies.
	Whetherloggingisqualitativeorquantitative in nature. Core (or costean,channel, etc.) photography.	This release does not report exploration drilling for this project.
	The total length and percentage of therelevantintersections logged.
Sub-samplingtechniquesand sample	For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.	The Gradient Array IP/resistivity survey consisted of 17 survey lines, 2.7 km long, 100m apart. Thetechnical equipment used in the survey was: 2 x IPR12 Receiver systems and GGT-10 transmitter with14kW generator
preparation		Configuration: Transmitter (Tx) Dipole (500m) –Receiver (Rx) Dipole (100m)
		Station Interval: 100m
		Number of receiver dipoles:1 for each line ( 2 receivers used simultaneously)
	Natureofqualitycontrolproceduresadopted (e.g. standards, blanks, duplicates,external laboratory checks) and whetheracceptable levels of accuracy (i.e. lack of	Acquired IP data is of high quality-QAQC conducted byMark Reed of Austhai GeophysicalConsultants.

Criteria	Explanation	Commentary


	bias) and precision have been established.
Quality ofassay data &lab tests	The verification of significant intersectionsbyeitherindependentoralternativecompany personnel.	All data was reviewed on a daily basis by Mark Reed of Austhai prior to re-formatting and distribution.
Verification of	Accuracy and quality of surveys used to	All data used in this report are in:
sampling andassaying	locate drill holes (collar and down-holesurveys), trenches, mine workings and	Datum: UTM
	other locations used in Mineral Resource	Projection:WGS84
	estimation.	Zone:52N
	Specification of the grid system used.	Co-ordinates are on a UTM Grid; WGS84 (52N).
	Quality and adequacy of topographiccontrol.	Determined by using Garmin 60CX.
Data spacinganddistribution	Whethertheorientationofsamplingachieves unbiased sampling of possiblestructures and the extent to which this isknown, considering the deposit type	Survey lines designed perpendicular to the interpreted strike of stratigraphy.
	The measures taken to ensure samplesecurity.	Raw data emailed to consultant geophysicist daily.
Orientation ofdata inrelation togeologicalstructure	The results of any audits or reviews ofsampling techniques and data.	Data validation was undertaken daily by IP survey contractor and geophysical consultant
Samplesecurity	The measures taken to ensure samplesecurity.	Raw data emailed to consultant geophysicist daily.
Audits orreviews	The results of any audits or reviews ofsampling techniques and data.	Data validation was undertaken daily by IP survey contractor and geophysical consultant

Section 2 Reporting of Exploration Results

Criteria	Explanation	Commentary
Mineral tenementand land tenurestatus	Type, reference name/number, locationand ownership including agreements ormaterial issues with third parties suchasjointventures,partnerships,overridingroyalties,nativetitleinterests, historical sites, wilderness ornationalparkandenvironmentalsettings.	TheBunawanProject is covered by Exploration Permit EP-033-XIII, Exploration Permit ApplicationEXPA 37A-XIII and Mineral Production Sharing Application APSA 03-XIII. Drilling activity the subject ofthis announcement is within EP 033-XIII which was granted on 18 August 2014 for a period of twoyears, with the option to renew for an additional 6 years.The National Commission on Indigenous Peoples (NCIP) issued a Compliance Certificate to Bunawanin compliance with the FPIC Process and that theIndigenous Community has given its consent to theProject.
	The security of the tenure held at thetime of reporting along with any knownimpediments to obtaining a licence tooperate in the area.	The tenure over the area currently being explored is a granted Exploration Permit which is consideredsecure.
Exploration doneby other parties	Acknowledgmentandappraisalofexploration by other parties.	The only known previous exploration over the Bunawan project area was conducted by Sierra MiningLimitedprior to its merger with/ take over by RTG. This exploration included rock chip, stream sedimentand soil sampling as well as a ground magnetic survey and geological mapping all of which wasreported to the ASX by Sierra Mining.And drilling conducted by Bunawan Mining which was reported tothe ASX by RTG Mining Inc on 5February 2015.
Geology	Deposit type, geological setting andstyle of mineralisation.	Mineralisation at Bunawan can be defined as" intermediate sulphidation" or "carbonate-base metal" typeepithermal Au-Ag mineralisation associated with a diatreme breccia complex. Mineralisation types in thearea include high grade Au in quartz-carbonate veins hosted by wall rock andesite and dacite as well aslower grade disseminated Au in "silica-matrix breccias" developed in the diatreme.
Drill holeInformation	A summary of all information materialto the understanding of the explorationresults including a tabulation of thefollowing information for all Material drillholes:	This release does not report exploration drilling for this project.
	easting and northing of the drill holecollarelevation or RL (Reduced Level –

Criteria	Explanation	Commentary
	elevation above sea level in metres) ofthe drill hole collardip and azimuth of the holedown hole length and interceptiondepthhole length.
Data aggregationmethods	InreportingExplorationResults,weightingaveragingtechniques,maximumand/orminimumgradetruncations (e.g. cutting of high grades)and cut-off grades are usually Materialand should be stated.	This release does not report exploration drilling for this project
	Theassumptionsusedforanyreporting of metal equivalent valuesshould be clearly stated.	No metal equivalent grades are reported herein.
Relationshipbetweenmineralisation	These relationships are particularlyimportant in the reporting of ExplorationResults.
widths andintercept lengths	If the geometry of the mineralisationwith respect to the drill hole angle isknown, its nature should be reported.	This release does not report exploration drilling for this project.
	If it is not known and only the downhole lengths are reported, there shouldbe a clear statement to this effect (e.g.'down hole length, true width notknown').
Diagrams	Appropriate maps and sections (withscales) and tabulations of interceptsshould be included for any significantdiscovery being reported These should	A map (plan view) showing position of IP anomoliesis included inthe report.

Criteria	Explanation	Commentary
	include, but not be limited to a planview of drill hole collar locations andappropriate sectional views.
Balancedreporting	Where comprehensive reporting of allExploration Results is not practicable,representative reporting of both lowand high grades and/or widths shouldbe practiced to avoid misleadingreporting of Exploration Results.	All anomalous areas are presented in the diagram of this report.
Other substantiveexploration data	Other exploration data, if meaningfuland material, should be reportedincluding (but not limited to): geologicalobservations;geophysicalsurveyresults; geochemical survey results;bulk samples –size and method oftreatment; metallurgical test results;bulk density, groundwater, geotechnicalandrockcharacteristics;potentialdeleteriousorcontaminatingsubstances.	All meaningful exploration data concerning the Bunawan Project has been reported either in previousreports to the ASX (by Sierra Mining Limitedand RTG Mining Inc) or is in the current report to which thisappendix is attached.
Further work	The nature and scale of planned furtherwork (eg tests for lateral extensions ordepth extensions or large-scale stepout drilling).	The attached report summarises the results of the initial IPprogram at Bunawan. The results areconsidered very encouraging and further drilling is warranted but has not been planned in detail at thisstage.
	Diagrams clearly highlighting the areasof possible extensions, including themain geological interpretations andfuture drilling areas, provided thisinformationisnotcommerciallysensitive.

Appendix 5: JORC Code 2012 Edition Table 1 for Bahayan

Section 1 Sampling Techniques and Data

Criteria	Explanation	Commentary

Samplingtechniques	Nature and quality of sampling (e.g. cutchannels,randomchips,orspecificspecialised industry standard measurementtools appropriate to the minerals underinvestigation, such as down hole gammasondes, or handheld XRF instruments, etc).These examples should not be taken aslimiting the broad meaning of sampling.	The data reported in this report relates to the results of 83.7 line-kilometers of ground magnetic surveysconducted between October and December 2015. Surveys were conducted by trained geotechniciansand supervised by Bunawan Mining Company personnel. QA/QC of daily readings was carried out byAnthony Jumeau of Terra Resources The surveys targeted interpreted mineralization and areas of noknown mineralization at the Bahayan Project.The ground magnetic method is very good at mapping the clay alteration zone. The low temperaturehydrothermal alteration zone which createsthe clay zone also destroys any magnetite within thecountry rock creating a readily recognizable flat area in the magnetic data. Alteration zones commonlyassociated with gold mineralization could be distinguished from the more magnetic barren country rocksby the ground magnetic method.
	Include reference to measures taken toensure sample representivity and theappropriate calibration of any measurementtools or systems used.	Base station and field magnetometer units calibrated with the guidance ofthe geophysical consultant.
Drillingtechniques	Drill type (e.g. core, reverse circulation,open-hole hammer, rotary air blast, auger,Bangka, sonic, etc.) and details (e.g. corediameter, triple or standard tube, depth ofdiamond tails, face-sampling bit or othertype, whether core is oriented and if so, bywhat method, etc.).	This release does not report exploration drilling for this project.

Criteria	Explanation	Commentary


Drill samplerecovery	Method of recording and assessing coreand chip sample recoveries and resultsassessed.
	Measures taken tomaximise samplerecovery and ensure representative natureof the samples.	This release does not report exploration drilling for this project.
	Whether a relationship exists betweensample recovery and grade and whethersample bias may have occurred due topreferentialloss/gainoffine/coarsematerial.
Logging	Whether core and chip samples have beengeologically and geotechnically logged to alevel of detail to support appropriate MineralResource estimation, mining studies andmetallurgical studies.	This release does not report exploration drilling for this project.
	Whetherloggingisqualitativeorquantitative in nature. Core (or costean,channel, etc.) photography.
Sub-samplingtechniquesand samplepreparation	For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.	The survey consisted of 83.7 line-kilometers. Line spacing was 100m. The technical equipment used inthe survey was: Geometrix G856 (2 units; 1 base station and 1 field unit)
		Station Interval: 5m
Quality ofassay data &lab tests	The nature, quality and appropriateness ofthe assaying and laboratory proceduresusedandwhetherthetechniqueisconsidered partial or total.	N/A

Criteria	Explanation	Commentary


	Forgeophysicaltools,spectrometers,handheldXRFinstruments,etc.,theparametersusedindeterminingtheanalysis including instrument make andmodel, reading times, calibrations factorsapplied and their derivation, etc.	The equipment used was a Geometrix G856 ( 2 units; 1 base station, 1 field)
	Natureofqualitycontrolproceduresadopted (e.g. standards, blanks, duplicates,external laboratory checks) and whetheracceptable levels of accuracy (i.e. lack ofbias) and precision have been established.	Acquired IP data is of high quality-QAQC conducted byAnthony Jumeau of Terra ResourcesGeophysics Consultant.
Verification ofsampling andassaying	The verification of significant intersectionsbyeitherindependentoralternativecompany personnel.	All data was reviewed on a daily basis byAnthony Jumeau of Terra Resources prior to re-formattingand distribution.
Location of	Accuracy and quality of surveys used tolocate drill holes (collar and down-holesurveys), trenches, mine workings andother locations used in Mineral Resourceestimation.	All data used in this report are in:
data points		Datum: UTM
		Projection: WGS84
		Zone: 52N
	Specification of the grid system used.	Co-ordinates are on a UTM Grid; WGS84 (52N).
	Quality and adequacy of topographiccontrol.	Determined by using Garmin 60CX
Orientation ofdata inrelation togeological	Whethertheorientationofsamplingachieves unbiased sampling of possiblestructures and the extent to which this isknown, considering the deposit type	Survey lines designed perpendicular to the interpreted strike of stratigraphy.
structure	If the relationship between the drillingorientation and the orientation of keymineralised structures is considered to have	No drilling undertaken

Criteria	Explanation	Commentary

	introduced a sampling bias, this should beassessed and reported if material.
Samplesecurity	The measures taken to ensure samplesecurity.	Raw data emailed to consultant geophysicist daily.
Audits orreviews	The results of any audits or reviews ofsampling techniques and data.	Data validation was undertaken daily geophysical consultant

Section 2 Reporting of Exploration Results

Criteria	Explanation	Commentary
Mineral tenementand land tenurestatus	Type, reference name/number, locationand ownership including agreements ormaterial issues with third parties suchasjointventures,partnerships,overridingroyalties,nativetitleinterests, historical sites, wilderness ornationalparkandenvironmentalsettings.	TheBahayanProject is covered by Exploration Permit application EXPA-123-XI,The National Commission on Indigenous Peoples (NCIP) issued a Compliance Certificate to Bahayan(Parcel 2) in compliance with the FPIC Process and that the Indigenous Community has given itsconsent to the Project.
	The security of the tenure held at thetime of reporting along withany knownimpediments to obtaining a licence tooperate in the area.	The tenure over the area currently being explored is an application for an Exploration Permit which isconsidered secure after having completed the FPIC process.
Exploration doneby other parties	Acknowledgmentandappraisalofexploration by other parties.	The only known previous exploration over the Bahayan project area was conducted by Sierra MiningLimited prior to its merger with/ takeover by RTG. This exploration included geological mapping, rockchip, stream sediment and soil sampling. all of which was reported to the ASX by Sierra Mining.
Geology	Deposit type, geological setting andstyle of mineralisation.	Mineralisation at Bahayan can be defined as low sulphidation gold with unusual copper mineralizationwhich exhibits native copper and a predominance of bornite and a lack of any significant pyrite.
Drill hole	A summary of all information materialto the understanding of the exploration	This release does not report exploration drilling for this project.

Criteria	Explanation	Commentary
Information	results including a tabulation of thefollowing information for all Material drillholes:
	easting and northing of the drill holecollar
	elevation or RL (Reduced Level –elevation above sea level in metres) of
	the drill hole collar
	dip and azimuth of the holedown hole length and interception
	depth
	hole length.
Data aggregationmethods	InreportingExplorationResults,weightingaveragingtechniques,maximumand/orminimumgradetruncations (e.g. cutting of high grades)and cut-off grades are usually Materialand should be stated.	This release does not report exploration drilling for this project.
	Theassumptionsusedforanyreporting of metal equivalent valuesshould be clearly stated.	No metal equivalent grades are reported herein.
Relationshipbetweenmineralisation	These relationships are particularlyimportant in the reporting of ExplorationResults.
widths andintercept lengths	If the geometry of the mineralisationwith respect to the drill hole angle isknown, its nature should be reported.	This release does not report exploration drilling for this project.
	If it is not known and only the downhole lengths are reported, there shouldbe a clear statement to this effect (e.g.'down hole length, true width notknown').

Criteria	Explanation	Commentary
Diagrams	Appropriate maps and sections (withscales) and tabulations of interceptsshould be included for any significantdiscovery being reported These shouldinclude, but not be limited to a planview of drill hole collar locations andappropriate sectional views.	A map (plan view) showing position of Ground Magnetic anomaliesis included in the report.
Balancedreporting	Where comprehensive reporting of allExploration Results is not practicable,representative reporting of both lowand high grades and/or widths shouldbe practiced to avoid misleadingreporting of Exploration Results.	All anomalous areas are presented in the diagram of this report.
Other substantiveexploration data	Other exploration data, if meaningfuland material, should be reportedincluding (but not limited to): geologicalobservations;geophysicalsurveyresults; geochemical survey results;bulk samples –size and method oftreatment; metallurgical test results;bulk density, groundwater, geotechnicalandrockcharacteristics;potentialdeleteriousorcontaminatingsubstances.	All meaningful exploration data concerning the BahayanProject has been reported either in previousreports to the ASX (by Sierra Mining Limited) or is in the current report to which this appendix isattached.

Criteria	Explanation	Commentary
Further work	The nature and scale of planned furtherwork (eg tests for lateral extensions ordepth extensions or large-scale stepout drilling).	The attached report summarises the results of the initial Ground Magnetic Program program atBahayan. The results are considered very encouraging and further IP and resistivity work is warrantedbut has not been planned in detail at this stage.
	Diagrams clearly highlighting the areasof possible extensions, including themain geological interpretations andfuture drilling areas, provided thisinformationisnotcommerciallysensitive.

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

	Name of entity
	RTG Mining Inc
ARBN		Quarter ended ("current quarter")
	70 164 362 850	31 December2015
	Consolidated statement of cash flows
	Cash flows related to operating activities	Curent quarter	Year to date(twelve months)
		$US	$US
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for(a) exploration & evaluation(b) development	(131,584)-	(375,328)-
	(c) production(d) administration- business development	-(679,387)(240,903)	-(2,227,876)(1,134,769)
1.31.4	Dividends receivedInterest and other items of a similar naturereceived	-2,415	-4,060
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other (provide details if material)	-	-
	Net Operating Cash Flows	(1,049,459)	(3,733,913)
	Cash flows related to investing activities
1.8	Payment for purchases of:(a) prospects(b) equity investments	--	--
1.9	(c) other fixed assetsProceeds from sale of:(a) prospects(b) equity investments	(680)--	(680)--
1.10	(c) other fixed assetsLoans to other entities - associates	-(1,750,865)	-(4,630,125)
1.11	Loans repaid by other entities	-	-
1.12	Other-Increase Security Deposits	(16,182)	(16,182)
	Net investing cash flows	(1,767,727)	(4,646,987)
1.13	Total operating and investing cash flows(carried forward)	(2,817,186)	(8,380,900)

+ See chapter 19 for defined terms.

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

1.13	Total operating and investing cash flows
	(brought forward)	(2,817,186)	(8,380,900)

	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	-	11,762,802
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	-	-
1.17	Repayment of borrowings	-	-
1.18	Dividends paid
1.19	Other (share issue costs)	-	(954,082)

	Net financing cash flows	-	10,808,721

	Net increase (decrease) in cash held	(2,817,186)	2,427,821
1.20	Cash at beginning of quarter/year to date	7,316,744	2,394,974
1.21	Exchange rate adjustments to item 1.20	62,159	(261,078)

1.22	Cash at end of quarter	4,561,717	4,561,717

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

		Curent quarter$US
1.23	Aggregate amount of payments to the parties included in item 1.2	200,107
1.24	Aggregate amount of loans to the parties included in item 1.10	-

1.25 Explanation necessary for an understanding of the transactions

Payment of salaries

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

none

2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

The joint venture partner at the Mabilo Project has now earned a 36% interest in the project and is earning up to an additional 6% by providing various services.

+ See chapter 19 for defined terms.

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available$US	Amount used$US
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter

		$US
4.1	Exploration and evaluation	687,646
4.2	Development
4.3	Production
4.4	Administration:
	Business Development	284,866
	General	485,134
		1,457,646
	Total

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (as shownin the consolidated statement of cash flows) to therelated items in the accounts is as follows.	Curent quarter$US	Previous quarter$US
5.1	Cash on hand and at bank	4,561,717	7,316,744
5.2	Deposits at call	-	-
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	4,561,717	7,316,744

+ See chapter 19 for defined terms.

Changes in interests in mining tenements and petroleum tenements

		Tenement referenceand location	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in miningtenements and petroleumtenements relinquished,reduced or lapsed	-	-	-	-
6.2	Interests in miningtenements and petroleumtenements acquired orincreased	-	-	-	-

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issue price persecurity (see note3) (cents)	Amount paid up persecurity (see note 3)(cents)
7.1	Preference+securities(description)
7.2	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buybacks,redemptions
7.3	+Ordinarysecurities	134,252,237	134,252,237	n/a	n/a
7.4	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buybacks	--	--	--	--
7.5	+Convertibledebt securities(description)

+ See chapter 19 for defined terms.

7.6	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesmatured,converted
7.7	Options			Exercise price	Expiry date
	(description and
	conversion	8,784,687	8,784,687	CAD 1.50	4 June 2017
	factor)
7.8	Issued during
	quarter
7.9	Exercised during
	quarter
7.10	Expired during
	quarter
7.11	Debentures
	(totals only)
7.12	Unsecured
	notes (totals
	only)

Compliance statement

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
2 This statement does give a true and fair view of the matters disclosed.

Sign here:	Nicholas Day_	Date: 15/01/2016
	(Company secretary)

Notes

1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or

+ See chapter 19 for defined terms.

petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities*.*
4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

+ See chapter 19 for defined terms.

AI assistant

RTG Mining Inc. — Interim / Quarterly Report 2015

47130_rns_2016-01-14_c4241eb8-099b-4ae0-bdf2-78e56c30a16a.pdf

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

DECEMBER 2015 QUARTERLY REPORT

ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE

15 JANUARY 2016

HIGHLIGHTS

Annual Highlights

Quarterly Highlights

MABILO PROJECT

Overview of the Quarter

Project Background

Mabilo Mineral Resource Update

Feasibility Study Update

EP Renewal Update

BUNAWAN PROJECT

OTHER PROJECTS

CORPORATE

ABOUT RTG MINING INC

ENQUIRIES

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

QUALIFIED PERSON AND COMPETENT PERSON STATEMENT

Appendix 1: Location of Reported Mabilo Drill Holes

Appendix 2 – Schedule of interests and location of Tenements

Appendix 3: JORC Code 2012 Edition Table 1 for Mabilo

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Section 3 Estimation and Reporting of Mineral Resources

Appendix 4: JORC Code 2012 Edition Table 1 for Bunawan

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Appendix 5: JORC Code 2012 Edition Table 1 for Bahayan

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

Non-cash financing and investing activities

Financing facilities available

Estimated cash outflows for next quarter

Reconciliation of cash

Changes in interests in mining tenements and petroleum tenements

Issued and quoted securities at end of current quarter

Compliance statement

Notes

More from RTG Mining Inc.

RTG Mining Inc. Interim / Quarterly Report 2015