Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

RTG Mining Inc. Capital/Financing Update 2015

Jun 18, 2015

47130_rns_2015-06-18_2d5cab26-2e7f-4a34-8e5d-3fcde83c8ada.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

Level 2, 338 Barker Road Subiaco WA 6008 Phone: +61 8 6489 2900 www.rtgmining.com

ABN: 70 164 362 850

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

RTG ANNOUNCES FURTHER HIGH GRADE EXTENSIONS WITH THE BEST PRIMARY INTERCEPT TO DATE AT THE MABILO PROJECT

ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGE

19 JUNE 2015

The Board of RTG Mining Inc. ("RTG", "the Company") (TSX Code: RTG, ASX Code: RTG) is pleased to announce significant high grade gold and copper intercepts in the South Mineralized Zone at the Mabilo Project in the Philippines.

Resource drilling on the South Body designed to extend the mineralised trend has successfully intersected further mineralisation at the southern end of the South Body. The intercept confirms the continuation of magnetite skarn a further 30 meters from the successful drill holes MDH-95 and MDH-94 (RTG reported ASX 14th April 2015). Additional Magnetite Skarn mineralization, currently outside the resource model, was intersected in hole MDH-100A, with 36m for 3.34 g/t Au and 3.25% Cu confirming the continuation along strike of the magnetite skarn. Exploration activity at the project is ongoing with the current resource open down dip, down plunge and along strike in both directions, with all mineralisation found to date being shallow enough to be amenable to open pit mining techniques.

Highlights of the ongoing drilling program include –

MDH-100A interval confirming the continuation of the mineralised system to the South with significantly higher grades than previously reported for this part of the system.

36 meters at 3.34 g/t Au and 3.25% Cu from 282.00 meters downhole.

MDH-100A includes high grade intervals containing significant bornite mineralisation.

9 meters at 6.86 g/t Au and 4.17 % Cu and 30g/t Ag from 307.00 meters downhole.

MDH-100A also contained a one meter assay at very high grades.

1 meter at 24.59 g/t Au, 8.10% Cu and 56.9 g/t Ag from 313.00 meters downhole.

The drill hole reported is from the southern-most section drilled at the Mabilo system to date, a significant step out from the previous section by approximately 30 meters. The section identified extensive high grade bornite mineralisation not previously intercepted. MDH-100A follows up on the previous section and has successfully delineated additional magnetite skarn mineralisation beyond the previous resource model (RTG ASX release 24th November 2014).

ABOUT MABILO

The Mabilo Project is located in Camarines Norte Province, Eastern Luzon, Philippines. It comprises one granted Exploration Permit (EP-014-2013-V) of approximately 498 ha and Exploration Permit Application EXPA-000188-V of 2,820 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.

Drilling is ongoing and currently focused on upgrading the resource classification (RTG ASX release 24th November 2014) over the South Body and North Body.

Figure 1. Location of drill holes and reported in this release on RTP ground magnetic image.

Figure 2. - Schematic long section showing isotropic copper grade shells, location of significant intercepts with intercepts highlighted in this release.

MDH-100A

MDH-100A (figure 3) was designed as a follow-up hole to the successful MDH-95 & MDH-94 (RTG ASX release on 14th April 2015). Targeting the strike extension of the magnetite, significant mineralisation was intersected with extensive secondary bornite mineralisation overprinting primary coarse grained chalcopyrite. Minor instances of chalcocite and lesser base metals were also observed. MDH099 drilled on the same section observed a volcanic breccia overprinting the mineral system resulting in lower grades (29 meters @ 0.66 g/t Au & 0.31% Cu). Mineralisation is present down hole as magnetite clasts within the volcanic breccia.

MDH-100A was successful in targeting mineralisation outside the previously interpreted magnetic model at significant depth. Insufficient drilling on the section has not allowed for true widths to be determined as this time, intervals are reported as down hole.

Intercept Cu Ag Recovery
MDH-100A From To (m) Au g/t % g/t Fe % Mineralisation (%)
282.00 318.00 36.00 3.34 3.25 19.8 38.88 Magnetite Skarn& Pyrite Breccia 84.75
including 282.00 286.00 4.00 4.33 2.52 9.3 50.87 Magnetite Skarn 83.44
andincluding 288.00 297.00 9.00 1.89 4.68 28.3 51.07 Magnetite Skarn 95.22
andincluding 307.00 316.00 9.00 6.86 4.17 30.0 15.94 Pyritic Breccia &Argilic Clay withBornite 91.94
including 313.00 314.00 1.00 24.59 8.10 56.9 7.02 Argilic Clay withBornite 100.00

Figure 3 Schematic geology cross section MDH100A with intercept highlighted.

QUALIFIED PERSON AND COMPETENT PERSON STATEMENT

The information in this report 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, and 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 report of the matters based on his information in the form and the context in which it appears.

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. Accuracy of mineral resource and mineral reserve estimates and related assumptions and inherent operating risks, are forward-looking 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.

Appendix 1: Location of Reported Drill Holes

HOLE ID Location GPSCoordinates (UTM WGS84) Orientation True Nth Depth
Prospect East North RL Dip Azi E.O.H (m)
MDH-99 South B Resource 476235 1559603 135 -63 50 325.20
MDH-100** South B Resource 476173 1559563 120 -65 53 170.70
MDH-100A South B Resource 476162 1559563 120 -65 50 337.00
MDH-101* South B Resource 475992 1559764 119 -60 50 317.00

* No significant assay result

**Abandoned reset MDH-100A

MDH-101 failed to intersect significant magneite skarn.

All co-ordinates in UTM-WGS84 (51 N). All collars have been surveyed using handheld GPS and will be subject to professional survey pickup at a later date using DGPS system.

Appendix 1: JORC Code 2012 Edition Table 1 Section 1 Sampling Techniques and Data

Criiater JORCCodelaniotexpan Cotammenry
Salinmpgiqtehncues Nad qlif sling(hals,turtyt ce anuaoampe.g. cunnedohipificialisedindutryranmcs,orspecspecsdadlsiahetanttootetotsrmeasuremenapproprinelsdeinvigionhdoholettmraunresasucaswn,dehadheldXRFinstruts,gammasons,ornmen).Thelesholdbeketcttaeseexampsunonaslimiinghebrd mingf slingttoaeanoamp Thedatatedheinisbadlingfdiamddrill cfPQ,assayreporreseonsampoonoreoQQSaHdNdiamtehich wt with adiamd clesllyaner wascuonore sawmparegeneraf1lenth,lthohionllylightlylonhotehehainomgaugoccasasgeror srr wrecngeslithologizeired adjtmtslest mthay,coresorcorerecoveryrequusen;sampare nooren2lenh.tmg
ferIncludeketotatoreencemeasuresnensureleividheiattyttesamprepresenanapproprlibrionf alstttootemcaaonymeasuremenorsyssd.use f efoThelenth ohdrill risdeddthehlculatedgacunrecoranrecoveryr eacrun caonidhekedinhehed.Ceifiedfedadsdblanktettttasanccagaacoresrrerencesnranflesbmittedtothedisiontheltsdsampweresuassessaccuracyanprecoresuan20hleindhelesbmidttotwttwtetteeverysampwas sawnoanoquarr coresampsufolyistelydulicatele.r anasseparaasapsamp
Asfhedeinaionf minelisaionhatstterttttpecomoraMaialhePublicRetertott.arepor f cfoSO-fHallest adtlyisbyindedetItiiedoresampwerecunsenr anasanpenncerlabo(InkMcPhaLabo)inMaila.Salesheddtotetetoraryrrrarynmpwerecrusanlveised(95%75).Goldlydby50firedthethe<purμmwasanasegassayanorlemincludingdirobyICP-MS(InduivelyColedPlasMatsteencopperanncupmassSp)COS(CoOptrotryIP-EIndutivelyledPlasticalEmissionecmeorcupmaSp)followingfoiddigtrotryt.ecmeaur-aces
Drillinghniqtecues Drill(irclaion-hletytpee.g. core,reverse copenou,hairblasBakaic,tart,mmerroyaaugerngson,,,)ddeils(diamipletctatertreanegcoreeor,dadbedehfdiamdils,factantuttasrpoone,lingbiheheheistttytsampororpe,rcorewiend adif sbyhahod,).tet mttcorno,wee DrillingbyPQ,HQdNQdiamiplebediamdingThetetrtuasaner,oncorcorewaswt oientated.nor
Drill sleamprecovery Mhod of rdingd aingd chipteecoranssesscore anleiesd rld.tssamprecoveranesassesseu Coisinitiallyditebytrainedtehniciandbythererecoverymeasureonscsanisinglogist.Anlosisd,thetaislculated adsupervgeoycoresmeasurepercengecanbothdedinthetehnicallogfofeheingarerecorgeocr rerencewnassessassayltsresu
Mkeimiseletatoeasuresnmaxsamprecoveryfd eivehelestatturtannsure represennae osamp All cistaketoimfdiamdddrillerarenensuremaxumrecoveryooncoreansareinfodfheimf cAnf pttarmeopornceoorerecoveryareas ooor corerecoveryareyled stelythultsbediretlylatedtosampeparas assayresucancrecorerecoveryThejifheinelisaionisinfreh rk wheieshatytttetmaoromrasocrerecoveraregrearn
Criiater JOR CCoiodelantexpan Co tammenry
90%Mot minelisationinideintetionf mivetitekasraoccurswrsecs oassmagnesrnihlaivelyifodlddeColosinfratttureunrmcopperangogras.res occurscrezoneswbutisllyt aigificat pblemi.ethelostinfratuislikelyusuanosnnrocorecrezonesunhabeigificalyhighelowdehahedingial.Intotttteveensnnr orergransurrounmarthethedhetiticidised zlosisidable,but ollwearemaoxonessomecoresunavoveraislly90%dhelosislumicallyinoinhettrt>recoverygeneraancoresvoemrinelised zInf ptheleintelsdtomraonesareas ooor recovery,samprvaarearrangeincideihdrill rhufdiffelosificttt ctatocouns,s areasorenorespercengearespecwindividul sleshich cbed wheintetinglytical reltsdaampwanassessenrpreanasuandelledinfuimiondiesWhef100%losistutttumoreresourceesasreanarea ocoresidetifiedtheleintelskedtoh sidefthedtheisnsamprvaaremareacozoneanzonedeigd"N"digdlueinheiouloghedtettssnaocoreanassnezerovaarsseanvheicaldatabageocmse
f Whehelaionhipisbeletttstwraresexeensampd gded whehelebiastrecoveryanraanr sampmayfer/gfhadduiallosintotveoccurreepreensaoine/cial.teroarsema TheisdisciblelaionhipbeddeThekattwrenoernreseencorerecoveryangrasrnbodieslativelyifoigificatlenthsdthed gld gdeare reunrmoversnngancopperanorasladlaydfrahich aheinf clost rtetotutarenoecancrezones wremacausesoores.
Loinggg gs Whehedhipleshabetrcoreancsampveenlogicallyd ghnicallylogdlevl otectoeoaneogeaedeiliaMinelRetatottesupporapproprrasourceimioniningdiesdlluricatttutaesamsanmeg,diestu fl Diamddrill cfohtiredrillholelogdinigificatdetailinonorer eacenwasgesnnabeflogingheincludinglogicalloglloghnicaltstrututenumr ogseageoa scraa geoc,,logd atictibilitylogfothetiredrillhole.Minelised ad sledanmagnesusceprenranampintelslogdindividullyintetitativeinellogithrvaaregeaaseparaquanmrawtafthediffetinelsbeingded.Thelogingispercengesorencoppermrarecorgfoiateinel retimtesdiningtudiesapproprr mrasourceesaanms
p WhehelogingisliiveiiveinttatttatrgquaorquanCo(hal,)turteatc.nae.reorcosn,cnneehohytograp Mot ofthelogicallogingisixtuf qlitative(deiptionftheiousgeogamreouascrs ovarslogicalfe)diive(bedlesf vinsdfratuttattugeoaresanquannumrsanangoeancreinel ptatc).Thetitativeinelisationlogdthezones,mraercengesequanmraanf a(tictibilitylogtitativePhotohstakell cbothmagnesusceparequangraparen ooret addr)iortothebeingt.wenyprcorecu
Tin hellenhdfhelevtotattagtganperceneoreanionlogd.tertsecsge t All cincludingbabudeislogdintheiouloginghetstedore,rrenoverrngevarsgsenobotfrothetitativeinelisationloginhichlytheinelisedaveaparmquanmrawonmrafointelstheical alyislogdintedetail.rvasenr geocmnasaregegrear
Sub-linsampghniqdtecues anlesampiotpreparan I f chehedhehett otterore,r cr sawnanr quarwuwhalf oll cketar aoren. , froSaf sf cAll slingdataisdiamddrill cleshaltampmonore.mpareoawnoreexcepfodulicateleshichteHalf cisbaddttorpsampwarequarr core.oreggeansenanSO-ffoffoItiiedindedetlabotolyis.Thethehaltainedcerpennraryranasorrerfed/ofuhek.ttetwrerence anrrrsor
Criiater JORCCodelaniotexpan Com tamenry
If nheheiffled,beled,ttutaron-corewr rsampro,lidheheleddryt,tctt ospeanr sampwerw y Not alicablefodiamd cdrillingppronore
Folllehelitytturtyrasamppesnae,quaan,iafheleiontenttappropressosamppreparahniqtecue d All clesdried,hedto95%10d1.5kgb-leis<oresampwerecrusmmanasusampff%tedingilelittedlveisedto9575A50b-le<separausarspr anpurμmgsusampistilised afirehafold alyis.Theletiontehniqus a-assaycrger gonassamppreparacuefod sb-lingisiatetheinelisationanusampapproprrmra
Qulil pdudodforllbtytroteaconroceresapasulingimiseivitagtottysampsesmarepresenoxlessamp f Blanklesddulicatelesbmittedtinelytoitothesampanpsamparesuroumonrflingd alytical pdtothat slestativeinsampannarocessanensureamparerepresenoituteial.Onin20lesfhalf cisintodutwsmareeverysampooresawnagaproceotedulicateleshich abmittedtothelabototelyithquarr corepsampwresuraryseparawdiffet slebeAblank sleinstedintolebatchet erenampnumrsampwasersamps averyth s20le.amp
Mkehahelingistatottteasuresnensuresampivefheiniialllecd,tatttuterterepresenosmacoincludingforinslforfieltantsceresudulica/sd-half slingtepeconamp d Thetitekainelisationinteivef mtitekamagnesrnmraoccursexnszonesoagnesrnf a1ithdissinated chalcoitetainingld.Theleizeimtelywempyrcongosampsopproxa,lenthisitableinttotheinizeftheinelisationmcoregsurespecgrasomra
Wheheleizeiaheinttetotr sampss areapproprgraizefheialbeingled.ttersomasamp Theleizeisidediatefotheteial sled.Itisbelievdsampsconsreapproprrmarampefthat ginizehabeingthedetheledteial.rass noarongraosampmar
Qulif atyaossaydadtaanlabototetsrarys fThelidiaheturtytentnae,quaanappropressoingdlaboduddtorassayanrayproceresuseanhehehehniqisidedial otttectwrueconsreparrl.tota SO-fGoAll cleslyd at aItiiedindedetlabotold wore sampwere anasencerpennraryaslydby50firedhehelemincludingdirotttsanasegassayanor eencopperann wereCSCOSfofolydbyIP-MIP-Ellowingiddigt.Theletionanaseorauracessamppreparadhniqfinionlindudaddbeidedtetettrytaanassaycues areornaassnrancanconsretotal.
Fohyicalls,hadheldtootroterr geopsspecmes,nXRFinshedintruts,tc,ttermeneparamesusedeininghelyisincludinginsterttrutmanasmenkeddel,dingimlibrionttmaanmoreaescaas,faclied adheirdeivaiontortttc.s appnre, Nohyicaltolsdfolyistedhein.Maticgeopsowereuseranyanasreporregnetibilitydingdinticdellingbut at udtotimtesuscepreas areusemagnemorenoseesaiFettetet.magneorconn
f q(Nalil pdudodturtytrotee ouaconroceres ape.gdadsblanksdulicallabotantestertorsrpexnaray,,,)heksdheheblelevlsfttaccanwraccepeo(ielack ofbias)d pisionhabeaccuracyanrecveenblished.taes Qulil cledbyRTGincludedlyisfdadsblanksdtytrotetaaconompanasosnran,,dulicateCoialCetifiedRefeMateialsinstedintoleps.mmercrrencerwereersampth sth sbahe40le.Ablank sleinsd e20le;heblanktctets everyampampwaserveryampleteialhabedddfrolocl qOninsampmarsensourceanpreparemaauarryeevery202lesistintoteleshichbmittedcoresampcuquarrcoresampwweresu
Criiater CCoioJORdelantexpan Cotammenry
indedetlyiththeirlebeIndditionIntetek cdutedtheirpennwownsampnumrsaronc,fQQCteivehek slingt otheir ointelAhichown ensccampas parwnrnaprocessesxwistedinthehetsAdf rltsfrolldulicateblanksdreporassayserecoroesumaps,andadsisininedfoingQA/QCExinaionf allhetatat.ttsnrmar ongoassessmenamoQAQCledataindicatetisfatofoffieldlingtolssampssacryperrmanceosampprocodhelabottoanassayrary
Veificaioftrnolindsampganinassayg fffTheiicaionigiicainionbytttertverosnnsecsiheindedelivettterterpennoranacompanyl.personne Sffigiicatinelisationintetioniiedbyltetivennmrarsecswereverarnacompanyl.personne
Thefinndholestwuseoe Notwinndholeshabedrilled.eveen
fDoionimdadatatta,tatrycumenoprarenydudaificaiondatattatorproceres,versage,()hyical ad elecicls.trotocpsnnproo Dadoionificaiond sisdudindaihRTG'statatttotetcumenveranrageconcaccornce w,StadadOptingPrduMalfotheMabiloPrjt.Thediamddrillnreraoceresnuaroeconisllylogdinigificadeilinbef sExllattatetetecoremanuagesnnanumr oeparacemploginghetsLoingisdedllyloginghetsdtraibedintogseggrecormanuaongseannscrtetedExl sdshettelateteddiretlyintotheExltelateproccepreaemps or enreccemps.ThedatalidatedbyboththePrjtGelogist adtheDatabaarevaoeconcompanyseMadloadedtothededicatedjtdatabahethednageranupproecsewreyaremergeithltsteddigitallybythelabotoHadiesf alllogingwassayresureporraryrcopogffhetsket atthePrjt oiceinDat.searepoece
Discdjdatmttota.uss anyausenassay Nodjtmtshabedetodataausenveenmaassay
Loiofdattacanointspo Acdlif sdloctytotecuracyanquaourveysusea(),drillholesllarddo-hlecoanwnosurveysheinekingd ohelociondtrettncs,mwors anras useinMinelReimionttrasourceesa Drill-holellarinitiallydithhad-heldGPSithfcosaresurveyewanwanaccuracyo/-Cofimtely5letedholesdbyindedet qliied+approxammparesurveyeanpennuaiodicbaisingdaddiffeialGPS(DGPS)iptattsurveyoronapersussnrrenequmenhievingb-deimtreinhoizotal ad vtical pitionacsuceaccuracyrnneros
Spificaionfheid sd.tttemecogrysuse Drill cllardinUTMWGS84Zo51Nid.os aresurveyenegr
Quflid adehicl.tytoptroaanquacyoograpcon fTheMabilojt aislativelylat withtotal viationintohylesthaproecrearearpograpsn15TohictrolisidedbyDGPSingmpograpconprovsurvey
Daintaspacgddisibuiotrtann DaingforingfExlorionReltattts.spacreporopasu Drillholeslandinal gidith20betwdrillholes40arepneonanomrwmeenonmdlinespaces.
Whehehedaingddisibuionistttatrtrspacanfff gicienblishhedelogical adttotatsuesgree oeondeinuiiaforheMinelttytetgraconapproprraOrRedReimionttsourceaneserveesa Thedrillholeingdeigddeineheinuidfhetotetttytet otspacwassnermconanexnfinelised skaBad otatistical at odrill reltstodatethemrarnzones.sen sssessmensu,inal4020drillholeingisfficienttotMinelRenomxmspacsusupporrasourcetimtionesa
Criiater JORCCodelaniotexpan Cotammenry
()fdud clasiicaionlied.tproceresanss app
Wheheleiinghabelied.ttr sampcompossenapp Noiingfinlsinhefield wdekettettacomposorvaasunrn.
Orienioftatnodainlaiotatrenloicaltogeogtrutuscre fWheheheienionlinghievtttatrorosampacesbiasd slingf pibledhetruturtuneampoossscesanhichhisisknideinghetenttottexown,consrwdeittypospe. Nobiasibubleienionflingdingflhabettrtatotattsaorosamppgraoresusenuidetified.n
Ifhelaionhipbehedrillingieniontttwttatreseenordheienionfkeinelisedttattruturanoroymrascesisidedhaindud alingbiastotroconsrevecesamp,hisholdbed ad rdif mial.ttetersuassessenepora Nobiasibubleienionflingdingflhabettrtatotattsaorosamppgraoresusenuidetified.n
Saleitympsecur Thekeleitatoty.measuresnensuresampsecur Chainf ctodyisdbyRTGloySalestodinousmanageempees.mpweresresecurefroftothetimdrillingthrhtheingdlittingReiningissragemeoouggaranspmacore,ketind attheCoionl officeinDattowd gdedpa secure compounmpanyregaen anuarSafrot night.lestdiretlythehedtothelabotokedinamparesencmcoresrarypacd ad sled plasticdringitheCohicleslocltratsecureneaums usermpanyveor aansporCfCufofoAtadadhaintodyisigdbythedriveiblecompany.snrosrmsner responsrtratingthelesipt of slesttheddisigdbynsporsampuponreceampacoreyaransneffColoythelabotoipt othelestthelabotoletedanempeeoraryonrecesampararympfotudtotheCofofilingrms arerernempanyr
Auditsorierevws Thelf adiiewf slingtstsresuonyauorrevsoamphniqddatecta.ues an ThelingtehniqdQA/QCdataiewdingbaisbysampcuesanarereveonanongosCot adindedet cltatsmpanymanagemennpennonsun

Section 2 Reporting of Exploration Results

Criiater CCoioCoJORdelantexpan tammenry
Minlteteranemendlandteannuretatuss fer/nTybelociondtpe,reencenameumr,aanhipincludingialisststerownersagreemenormauesihhirdieshjinttttturwparsucasovenes,hipidingliesiveiletnettttparrss,overrroyana,inhisical siildeionl pkterts,tortesteswrness or naaar,d eirol singtattannvnmenes. 012013-TheMabiloPrjtisdbyExlortionPeitEP-4-VdoeccovereparmanExlortionPeitAplicationEXPA-000188-VdEXPA-0000209-V.EP-014-parmpsanCo("M2013-VissdtoMtLaboExlortiondDelopttiontwasuepaanvemenrporaLabo"),iatedtityfRTGMiningIncTheis1%ltybleanassocenorearoyapayaont miningivedbyMtLaboinlationtoEP-014-2013-V.nerevenuerecereMLabohadinjinihGaleoEqipdttetot vtut wtt asenreaoenreagreemenumennCo("G")MiningIncleototninloringddelopingtheMabilompany,aparerexpanvedNalesbiPrjGaleo36%ininhePrjdotatstotetttsannoeccan earn uparesoecwn,$faSf eto200 mbelowbytributingimtelyU4,250,000 olortionsurceconapproxaxpa,drillingdicefohePrj2 yiod.t sttsanmanagemenervsroecoveraear perS("S"),fInNobe2013,ierMiningLimitedierhollydbsidiarvemrraraawownesuyo
Criiater JORCCodelaniotexpan Cotammenry
RTG,dGaleoigdMedufUndetading("MOU")ttingtansneamoranmorsnseoudhahejinhedehlimif200tott vtuttottt oproposecngesoenreagreemenremovepfrothet adidefodditionldrillingf5,000below200mmagreemennprovr aaommTheMOUlsoidefoGaleobedi36%infroihhetotetstet ut wttaprovsrgranrespnbilityfoRTGtolaw-bk aintetdedt ed atthed ofthelawarcacnyresemenoarneencbakiod.ThedmheJVAgbjSiertstottttocperamenenreemenaresuecrahaholdel.srer approvaSierhalsoddMOUihGaleohebyGaleotetrasaenreaseconrecanearnanwwdditionl6%intetinthejint vtubyiningtheinitial1.5Mt of wtetaaresoenremasaMabiloNalesbidheireincludingisihiingtattstatttornanor reqmenassnce wpermuTheMOUisbjttobefditiondet,includingSiersuecanumroconsprecenrahaholdel.srer approva
Theifheheldheimtyttentttsecuroureaeinglonihknimdimtttsreporaganownpeenwybiningliceinhetatotetoanseoperaarea. fThetethetlybeinglord atMabiloistedExlortiononureoverarea currenexpea granpaPeihichisidedTheisiveileIndigltot wttttrarmconsresecurerenonaorenous ancesdoinslaimtMabilo.macs a
Exloiodotprannebyheiesttor par Acknledgdisal ofloriont atowmennappraexpaheiesttor par byThelyigificat pioulortiontheMabilojt adrillingonsnnrevs expaoverproecrea wasaheiihinheddicRTGt attetttet atprogramanor snemennagrounmagnesurvewy.(itsdeSier)hatedthisdatainioutstotheASXdorprecessorras reporprevs reporandhed micbaisfoiniialdrill siingSubslyRTGtttttusegrounagnesurveasasrequenyduteditsdticithlosdlinedconcowngrounmagnesurveywcerspacesurveysandingintelshichdethehistoical pTheknrearvawsupersesrrogramrewasnoownioulortioninthefthetedMinelReprevs expaarea oreporrasource
Geloogy Deilogicalingdlettytttypospe,geoseansinelisaiontmra fMinelisationtMabilobedefinedtiteldkahichoraacanasamagne-copper-gosrnwdelopdhethetiteldinelisationlacdlcaveewremagne-copper-gomrarepecareoushoizointheEoTubaFotioninthetat zf aMiocrnsceneagemgarmaconconeoenedioriteintruions
DrillholeInfoiotrman AfllinforionialttertotsummaryoamamadedingfhelorionlincludingtantttsunrsoexparesubulaionfhefollowinginforionforllMatatttteromaadrillholes:ingd nhingfhedrillholellarttteasanorocoolevionRL(RedudLellevtteaorceveeao–bolevlin)fhedrillholeltretaveseaemesocodipd aimhfheholettanozuodoholelenh adiniondehtterttwngnceppoholelenh.tgo foSheAll rlevtdrillholeintionhabeioulytedtotheAX.Noeanrmasenprevsreporial chahadhisinfoioninciiginallyd.tetottt wteamarngesveoccurrermaseasorreporialionlar
IfhelusionfhisinforionisjifiedtttttexcomausonbaishaheinforionisMaial adttttttertsmanon heAll relevtdatahabeted.ansenreporhis
Criiater JORCCodelanioCotexpan tammenry
froflusiondodehededingttratttanexcesnocmnrsou
heheCoPeholdlealytt,ttentrepormpersonsucrlainhyhisishettexpcasew
Daiotataggreganhodstme IningExlorionRelighingttts,treporpasuweinghniqimd/oinimtecaveragues,maxumanrmum(f)deioninghighdedtrutttgrancase.g. cograsanuff gdellyMaial adholdbet-otercurasareusuansud.tates Not rtinglortionltseporexparesu
Wheininchotetertstetreaggregaceporporasrfflenhshighdeldlonlenhsttstgograresuangergolowdelhedudforhts,tgraresuprocereusesucionholdbeddicalttatetyaggregasusansomeplesf shionholdbehointexampoucaggregas suswndeil.ta Noinglorionlt rtttseporexparesu
Notal eivalent gdehabed.meqrasveenseuu
Theiondforingf mltttaassumpsuseanyreporoeivalenlueholdbelealyd.t vtateeqas scrsuu
Relaiohiptnsbetweeninlisaiotmeranidhsdtwaninlenhstettrcepg Thelaionhipicularlyiminhetttanttseress areparporingfExlorionRelttts.reporopasu fTheMabilodrillhabedrilledboth vticallydinclined.Theientationtheveeneranoroinelisedbodiesisbadinionf glogfrodrillholesdtetattemraseonrpreoeoymsupporfbyticdellinghichindicatethat mh otheinelisationisdipingtomagnemowsucmraphehwttt.soues
ffIheheinelisaionihttrytttttogeomeomrarespecwhedrillholeleiskniholdbettsturangown,naesud.terepor fTheintetedientationtheinelisedbodiesisbadticrpreoromraseonmagnedellingddrill-holedatadisdotedinthet.Thefatthatthemoanancumenreporcfointetionindipingbodydthettruidthshabeted.rsecs areapanrerenoe wsenrepor
fIiisknd olyhedoholelenhsttttnoown annwngared,heholdbeleahistettatemttotreporresuacr senffec(').'doholelenh,idh nkntttrutteegwngewoown Nointelsted cbedtobetruidth oftheinelisationrvareporanassumeae wmra
iagDrams Apiadion(ihles)dtettproprmapsansecswscaanbulaionfinholdbeincludedfortattertssocepsuanyigificadiscbeingdTheholdttesnnoveryreporsesuincludebubelimidlaniewfdrillholet nttetooa pov,llarlociond aiaionl viewttetcoas anpproprsecas. feffRetoigithintheinbodythist.rureswmaorepor
Balandceintreporg Wheheiveingf allExlorionttrecomprensreporopaRelisicable,iveingftst pttattsunoracrepresenreporobohlowdhighded/oidhsholdbettangrasanr wsu Not alicable.pp
Criiater JORCCodelanioCotexpan tammenry
ficedidisleadingingttotpracavomreporoExlorionReltts.pasu
Ohebsivettatr snuloiodattaexpran Oheloriondaif mingful adial,ttta,terr expaeannma()holdbedincludingbulimidtet nttetosureporo:logical obsionhyical sltts;geoervas;geopsurveyresuheical slbulk slesizedts;geocmurveresuampsany–hodflluricallbulkttretmt;tatest rts;meoaenmegesudeidwhnicaldkty,tertecnsgrounageoanroc,haisicsialdeleiouterttenttercrac;posorinaingbstamttanconsuces. All mingful elortiondataingtheMabiloPrjthabetedineanxpaconcernoecsenreporSioutstotheAX.prevs repor
Fuhektrr wor (Thedlef plandfurhekturtnaeanscaoner wore.gforlal eiondehionteststertenttenaxssorpexssorlarledrilling).teptge-scas-ouDiaglealyhighlighinghefttramscrareasoibleionincludingheintentpossexss,ma DrillingisingttheMabiloPrjt whichill steticallytet mticongoaoecwysmasagnebodiesdlonikedbeheNohMinelisedZotettatstrtwttansp-ourgeagsaneenrranedtheSothMinelisedZoll ado-dipfrotheanuraneas weswnmsezones.Refetofigithintheinbodyfthist.rureswmaorepor
logicaliniondfudrillingtertatturgeopresaneidedhisinforionistttareas,provmanoiallyiivetcommercsens