RTG Mining Inc. — Regulatory Filings 2015

Feb 4, 2015

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

ABN: 70 164 362 850

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

RTG ANNOUNCES HIGH GRADE INTERCEPTS AT BUNAWAN PROJECT

ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGE

FEBRUARY 2015

The Board of RTG Mining Inc. (“RTG”, “the Company”) ( TSX Code: RTG, ASX Code: RTG ) is pleased to announce that reconnaissance diamond drilling has intercepted high grade mineralization at the Bunawan Project in the Philippines including 7m @ 4.18g/t Au and 4m @ 12.33g/t Au.

Mineralisation was intercepted in 6 of the 9 holes drilled, with substantial mineralisation found in 3 holes (BDH-01, 06 and 08) which tested a corridor marked by artisanal workings along the southern margin of the Mahunoc diatreme (Figure 2).

Hole	From	To	Metres	Au g/t	Ag g/t	Host Lithology
BDH‐01	163	186	23	1.23	8.56	diatreme
including	163	175	12	1.63	9.85	diatreme
BDH‐06	111	147	36	1.49	8.29	diatreme/andesite
including	113	120	7	4.18	14.05	diatreme
BDH‐08	229	239	10	5.09	3.8	andesite
including	235	239	4	12.33	6.42	andesite
including	238	238.35	0.35	126.7	46.3	andesite

Table 1 - Significant Down-hole Intersections

Note that the true width of the mineralisation is not known at this stage.

ABOUT BUNAWAN

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

The Bunawan Project is centered on a diatreme intrusive complex (Mahunoc diatreme) approximately five km NE of Medusa Mining’s Co-O mine in eastern Mindanao. Historical production at the Co-O Mine has demonstrated a significant high grade gold system and there is active artisinal mining throughout the region which further reinforces the gold potential of the area. A number of the artisanal mining operations occur within and adjacent to the Mahunoc diatreme and the area is highly prospective for the discovery of economic epithermal Au-Ag mineralisation of intermediate sulphidation / carbonate-base metal type.

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Figure 1 - Location Plan with Regional Geology Showing Both the Co-O and Mahunoc Diatreme Complexes

Drilling Program

The reconnaissance drilling program (nine holes for 3,074 metres) was targeted at coincident Au in soil and magnetic anomalies as well as areas of artisanal workings (see Figure 2). The drilling has confirmed that the mineralised corridor on the southern margin of the diatreme

(marked by extensive shallow artisanal workings in the diatreme and a coincident district scale structural zone) is a highly prospective target zone.

The three most significant drill intercepts are in the three holes (BDH-01, 06 and 08) within and adjacent to the corridor. The disseminated Au in silica-matrix breccias within the diatreme seen in artisanal workings and drilling (BDH-01) are interpreted to have been introduced into porous clast-rich zones within the diatreme from structurally controlled epithermal vein zones in the andesite below the diatreme apron such as that intersected in BDH-08.

The grade of the high grade quartz-calcite vein zone in BDH-08 is strongly influenced by a narrow interval grading 0.35 m at 126.71 g/t Au, 46.3 g/t Ag, 0.99% Zn and 0.96 % Pb. A repeat sample of the interval graded 125.87 g/t Au which in conjunction with the high Ag, Zn and Pb values indicates the intersection is not a coarse or spotty gold effect but a very high grade Au in quartz-calcite vein in the country rock andesite similar to those mined at the Co-O mine to the south of Mahunoc.

Epithermal veins on the margins of diatremes are also a common ore environment elsewhere in the Philippines and SW Pacific. Testing for wider and/or stacked high grade Au in quartz-calcite veins hosted by structures within the andesite beneath the diatreme margin will be the highest priority target for the next phase of drilling.

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Figure 2 – Drill Hole Locations with Artisanal Workings (marked by black stars) and TMI Ground Magnetic Image of the Mahunoc Diatreme (red and white colours)

The ground magnetics and mapping suggest that the southern margin of the diatreme is a relatively flatlying apron shallowly overlying andesite wall rock and that Au mineralisation in the diatreme within the “mineralised corridor “ is derived from veins in the structural zone in the underlying andesite.

DRILL HOLE INFORMATION

Nine holes were drilled for 3,073.9 metres as documented in the table below and shown in Figure 2. Further sampling of the holes will be conducted in the March Quarter.

Hole	Easting	Northing	Elevation	Azimuth	Dip	Depth	Samples
BDH-01	178025	917003	339	160	-55	389.1	98
BDH-02	178025	917008	339	215	-55	545.1	91
BDH-03	178025	917008	339	-	-90	305.1	28
BDH-04	178025	917008	339	360	-55	356.1	15
BDH-05	178125	916943	359	160	-80	317.0	-
BDH-06	177984	916790	340	160	-60	265.8	89
BDH-07	178690	917322	340	110	-55	237.6	-
BDH-08	177850	916445	304	340	-45	317.1	14
BDH-09	178567	916689	400	180	-70	341.0	-
						3,073.9	335

Table 2. Drill Hole co-ordinates (WGS84, 52 N) and orientation.

QUALIFIED PERSON AND COMPETENT PERSON STATEMENT

The information in this report relating to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information provided to Mr. Robert McLean, an independent consultant geologist and Competent Person, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. McLean 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 as a “Qualified Person” under National Instruments 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. McLean has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in the release. 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.

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: jmagee@rtgmining.com

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. Forwardlooking 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 2013 filed with the Canadian securities regulatory authorities on the SEDAR website at sedar.com.

Appendix 1: JORC Code 2012 Edition Table 1

Section 1 Sampling Techniques and Data

Criteria	Explanation	Commentary
Sampling	Nature and quality of sampling (e.g. cut	The data reported is based on sampling of Diamond Drill
techniques	channels, random chips, or specific	core of PQ and HQ diameter. The core was split with a
	specialised industry standard measurement	diamond core saw and half core samples of 1 metre
	tools appropriate to the minerals under	length or less sent for analysis by an independent ISO
	investigation, such as down hole gamma	certified laboratory (Intertek Testing Services Philippines,
	sondes, or handheld XRF instruments, etc).	Inc.) in Manila.
	These examples should not be taken as
	limiting the broad meaning of sampling.
	Include reference to measures taken to	The drilling was reconnaissance in nature and no field
	ensure sample representivity and the	duplicates or certified reference standards (CRM) were
	appropriate calibration of any measurement	submitted. The laboratory which analysed the samples
	tools or systems used.	conducted extensive check sampling as part of their own
		internal QA processes which was reported in the assay
		sheets.
		For the 341 samples submitted Intertek conducted 21
		Second Sample analyses (from second splits of the
		coarse crushed sample prior to pulverising) and 37
		Repeat Sample analyses (a separate split and digest /
		Fire assay from the pulverised material) in addition to 21
		assays of their own blank material and 41 assays of CRM
		standards. The results indicate acceptable accuracy and
		repeatability.
	Aspects of the determination of	Diamond drill core of PQ and NQ diameter were cut in half
	mineralisation that are Material to the Public	and half core samples submitted to the Laboratory.
	Report. In cases where ‘industry standard’	Sample intervals were one metre or less. Samples were
	work has been done this would be relatively	crushed and pulverized (95%<75 um). Gold was analysed
	simple (e.g. ‘reverse circulation drilling was	by 50 g Fire assay/AAS and Ag, Cu, Pb, Zn and As by
	used to obtain 1 m samples from which 3	AAS. Residual half core has been retained for reference
	kg was pulverised to produce a 30 g charge	and future metallurgical testwork. Coarse rejects and
	for fire assay’). In other cases more	pulps will be retrieved from the laboratory and stored for
	explanation may be required, such as	future reference and umpire assays.
	where there is coarse gold that has inherent
	sampling problems. Unusual commodities
	or mineralisation types (e.g. submarine
	nodules) may warrant disclosure of detailed
	information.
Drilling	Drill type (e.g. core, reverse circulation,	Drilling was by PQ and HQ diameter, triple tube diamond
techniques	open-hole hammer, rotary air blast, auger,	core. The hole collars were surveyed (GPS) but down
	Bangka, sonic, etc.) and details (e.g. core	hole orientation surveys were not conducted and the core
	diameter, triple or standard tube, depth of	was not orientated.
	diamond tails, face-sampling bit or other
	type, whether core is oriented and if so, by
	what method, etc.).
Drill sample	Method of recording and assessing core	Core recovery was initially measured on site by trained
recovery	and chip sample recoveries and results	technicians and again in the core shed by the core shed
	assessed.	geologist. Any core loss is measured, the percentage
		calculated and both are recorded in the Geotech log. In
		instances where core breaks off before the bottom of the
		hole leading to “apparent poor recovery” followed by a
		core run of > 100 % recovery the adjustment is made in
		the records. The core recoveries in the nine holes drilled
		were excellent with all holes individually averaging greater
		than 98%and the combined average of all nine holes

Criteria	Explanation		Commentary
			being greater than 99%recovery.
	Measures taken to maximise	sample	Drillers are informed of the importance of core recovery
	recovery and ensure representative nature		and all care is taken to ensure maximum recovery of
	of the samples.		diamond core.
	Whether a relationship exists	between	There is no discernible relationship between core recovery
	sample recovery and grade and whether		and grade and recoveries were uniformly very high
	sample bias may have occurred due to
	preferential loss/gain of fine/coarse
	material.
Logging	Whether core and chip samples have been		The diamond drill core is photographed and logged in a
	geologically and geotechnically logged to a		number of logging sheets including a geological log, a
	level of detail to support appropriate Mineral		structural log and a geotechnical log, which is appropriate
	Resource estimation, mining studies and		for mineral resource estimates and mining studies, neither
	metallurgical studies.		of which have been undertaken at this stage.
	Whether logging is qualitative or		Most of the geological logging is a mixture of qualitative
	quantitative in nature. Core (or	costean,	(descriptions of the various geological minerals and
	channel, etc.) photography.		features) and quantitative (numbers and angles of veins
			etc). Photos are taken of all core (both wet and dry) which
			can be considered quantitative.
	The total length and percentage of the		All core is initially logged in the various logging sheets
	relevant intersections logged.		noted above and intervals are marked out for sawing and
			sampling. Not all core has been sampled to date.
Sub-	If core, whether cut or sawn and whether		Sample lengths are one metre (or less to coincide with
sampling	quarter, half or all core taken.		lithological breaks). All core from mineralised zones and
techniques			the immediate surrounding rocks was initially sawn in half
and sample			to provide a better surface for geological logging. Half
preparation			core is collected for analysis and the other half retained
			for reference and or metallurgical testwork.
	If non-core, whether riffled, tube	sampled,	All sampling reported is of diamond drill core.
	rotary split, etc. and whether sampled wet
	or dry.
	For all sample types, the nature, quality and		All half core samples were bagged, labelled and sent to
	appropriateness of the sample preparation		an ISO certified independent laboratory where samples
	technique.		are dried, crushed and pulverised to 95% of the sample
			passing a 75μm sieve.
	Quality control procedures adopted for all		The drilling was reconnaissance in nature and no field
	sub-sampling stages to	maximise	duplicates or certified reference standards (CRM) were
	representivity of samples.		submitted. The laboratory which analysed the samples
			conducted extensive check sampling as part of their own
			internal QA processes which was reported in the assay
			sheets.
			For the 341 samples submitted Intertek conducted 21
			Second Sample analyses (from second splits of the
			coarse crushed sample prior to pulverising) and 37
			Repeat Sample analyses (a separate split and digest /
			Fire assay from the pulverised material) in addition to 21
			assays of their own blank material and 41 assays of CRM
			standards. The results indicate acceptable accuracy and
			repeatability.
	Measures taken to ensure that the	sampling	High drill core recoveries were achieved and no evidence
	is representative of the in situ	material	of down hole contamination during drilling noted. The half
	collected, including for instance results for		core samples can be considered representative of the
	field duplicate/second-half sampling.		insitu material.

Criteria	Explanation	Explanation	Explanation							Commentary
	Whether	sample sizes				are appropriate to				The sample size (mostly 1 metre of half core) used is
	the grain		size of		the		material being			suitable in respect to the grain size of the mineralisation.
	sampled.
Quality of	The nature,		quality and			appropriateness of				The assay techniques used for the assay results reported
assay data	the assaying and			laboratory				procedures		herein are international standard and can be considered
& lab tests	used and		whether			the	technique is			total. Gold was analysed by 50 g fire assay and the other
	considered partial or			total.						elements by AAS.
	For geophysical			tools,			spectrometers,			No geophysical tools, spectrometers, hand held XRF
	handheld	XRF instruments,						etc.,	the	instruments etc were used for any analysis or observation
	parameters		used		in	determining			the	reported herein.
	analysis	including instrument						make	and
	model, reading times,					calibrations factors
	applied and		their derivation,				etc.
	Nature	of	quality		control			procedures		The drilling was reconnaissance in nature and no field
	adopted (e.g. standards, blanks, duplicates,									duplicates or certified reference standards (CRM) were
	external	laboratory		checks) and whether						submitted. The laboratory which analysed the samples
	acceptable		levels of		accuracy (i.e. lack of					conducted their own extensive check sampling as part of
	bias) and	precision have been established.								their own internal QA processes which is reported in the
										assay sheets. For the 341 samples submitted Intertek
										conducted 21 Second Sample analyses (from second
										splits of the coarse crushed sample prior to pulverising)
										and 37 Repeat Sample analyses (a separate split and
										digest / Fire assay from the pulverised material) in
										addition to 21 assays of their own blank material and 41
										assays of CRM standards.
										The results indicate acceptable accuracy and repeatability
										and are considered acceptable for the initial phase of
										reconnaissance drilling.
Verification	The verification of significant intersections									The geochemical results reported herein and the
of sampling	by either		independent				or	alternative		calculated averages for different intervals were
and	company	personnel.								independently checked and calculated by two company
assaying										personnel.
	The use of twinned holes.									The drilling program comprised nine drill holes, none of
										which have been twinned.
	Documentation of primary data, data entry									The diamond drill core is logged in significant detail in a
	procedures,		data verification, data storage							number of separate excel template logging sheets
	(physical	and electronic) protocols.								including:
										1) a geological log of all core, recording mineralogy,
										lithology, alteration, degree of oxidation and
										mineralization;
										2) a structural log of all core, recording alpha and beta
										angles, structure types, vein types and infill;
										3) a geotechnical log of all core recording RQD, defects,
										fabrics;
										4) a geochemical log of assay results.
										The drilling results reported are from the first phase of
										reconnaissance drilling and the data has not been
										incorporated into a dedicated Project computer database
										at this stage. All logging and assay data has been
										validated and archived and is available for future
										reference. Hard copies of all logging sheets are kept at
										both the Project office in Bunawan town and the Davao
										and Perth offices.

Criteria	Explanation				Commentary
					Remnant half core and the coarse rejects and sample
					pulps returned from the laboratory are kept in locked
					storage at the Company’s core yard at Bunawan.
	Discuss any adjustment to assay data.				The results reported herein include averages calculated
					from separate contiguous one metre intervals. No top or
					bottom cut of any assays has been applied.
Location of	Accuracy and	quality of surveys used to			Drill hole collars were sited with a hand held GPS with an
data points	locate drill holes (collar and			down-hole	accuracy of +/- 5 metres. No down hole orientation
	surveys), trenches, mine workings and				survey was conducted.
	other locations	used in Mineral Resource
	estimation.
	Specification of	the grid system used.			Co-ordinates are on a UTM Grid; WGS84 (52N).
	Quality and	adequacy of	topographic		The Bunawan area is moderately hilly. The collar
	control.				elevation for the drill holes reported herein is based on a
					reading from a hand held GPS and is consistent with
					government topographic maps.
Data	Data spacing for reporting of			Exploration	The drill hole assay results reported herein are from
spacing and	Results.				reconnaissance holes drilled on separate discrete targets
distribution					rather than a regular grid.
	Whether the data spacing and		distribution is		The Bunawan Project is at an early stage and drill holes
	sufficient to	establish the		degree of	are at variable spacing aimed at testing discrete zones of
	geological and	grade continuity		appropriate	mineralisation. No estimates of grade continuity, resource
	for the Mineral	Resource and	Ore Reserve		or reserves are made.
	estimation procedure(s) and classifications
	applied.
	Whether sample compositing			has been	No compositing of intervals in the field has been
	applied.				undertaken.
Orientation	Whether the	orientation	of	sampling	The drill holes reported are the first holes drilled at the
of data in	achieves unbiased sampling of possible				Bunawan project, and while mapped surface structures
relation to	structures and	the extent to	which this is		are generally ENE trending and most drill holes oriented
geological	known, considering the deposit type				perpendicular to this trend it cannot be assumed at this
structure					early stage of exploration that the intervals reported are
					true widths of mineralisation
	If the relationship between			the drilling	As noted above, most of the drilling was conducted
	orientation and the orientation of key				perpendicular to the main structural trend indicated in
	mineralised structures is considered to				surface geology but it cannot be assumed at this early
	have introduced a sampling			bias, this	stage of exploration that the intervals reported are true
	should be assessed and		reported if		widths of mineralisation.
	material.
Sample	The measures taken to ensure sample				Chain of custody was managed by the company
security	security.				employees. Core was placed in core trays by the drilling
					crew and kept at site under constant watch by Company
					employees prior to being transported from the drill site by
					Company employees in a Company vehicle to the core
					shed where core was logged and sawn core samples
					prepared for dispatch.
					Samples were packed in boxes and sent directly from the
					core shed to the laboratory sample preparation facility in
					General Santos town using a local transport company.
					Remaining core is kept in the Company core yard which is
					in a secure compound at Bunawan which is guarded at
					night.

Criteria	Explanation	Commentary
Audits or	The results of any audits or reviews of	The sampling techniques and QA/QC data were reviewed by
reviews	sampling techniques and data.	Company management and an independent consultant. The
		writer of this report is an independent consultant who has
		reviewed all sample handling techniques and considers them
		to be of industry standard and appropriate for this stage of
		exploration.

Section 2 Reporting of Exploration Results:

Criteria	Explanation			Commentary
Mineral	Type, reference name/number, location			The Bunawan Project is covered by Exploration Permit EP-
tenement	and ownership including agreements		or	033-XIII, Exploration Permit Application EXPA 37-XIII and
and land	material issues with third parties such			Mineral Production Sharing Application APSA 03-XIII. Drilling
tenure	as joint ventures, partnerships,			activity the subject of this announcement is within EP 033-XIII
status	overriding royalties, native	title		which was granted on 18 August 2014 for a period of two
	interests, historical sites, wilderness		or	years, with the option to renew for an additional 6 years.
	national park and environmental
	settings.			The National Commission on Indigenous Peoples (NCIP)
				issued a Compliance Certificate to Bunawan in compliance
				with the FPIC Process and that the Indigenous Community
				has given its consent to the Project.
	The security of the tenure held at	the		The tenure over the area currently being explored is a granted
	time of reporting along with any known			Exploration Permit which is considered secure.
	impediments to obtaining a licence		to
	operate in the area.
Exploration	Acknowledgment and appraisal		of	The only known previous exploration over the Bunawan
done by	exploration by other parties.			project area was conducted by Sierra Mining Limited prior to
other				its merger with/ take over by RTG. This exploration included
parties				rock chip, stream sediment and soil sampling as well as a
				ground magnetic survey and geological mapping all of which
				was reported to the ASX by Sierra Mining.
Geology	Deposit type, geological setting	and		Mineralisation at Bunawan can be defined as” intermediate
	style of mineralisation.			sulphidation” or “carbonate-base metal” type epithermal Au-
				Ag mineralisation associated with a diatreme breccia complex.
				Mineralisation types in the area include high grade Au in
				quartz-carbonate veins hosted by wall rock andesite and
				dacite as well as lower grade disseminated Au in “silica-matrix
				breccias” developed in the diatreme.
Drill hole	A summary of all information material		to	The information contained in this report pertains to the initial
Information	the understanding of the exploration			results of the first phase of reconnaissance drilling at
	results including a tabulation of	the		Bunawan. The easting, northing, elevation, dip, azimuth and
	following information for all Material	drill		hole depth of all holes is reported in a table within the report.
	holes:			The depths of intersections are documented in the text. The
	 easting and northing of the drill hole collar			location of the drill holes with respect to the diatreme complex (as indicated by ground magnetics) and artisanal workings are shown on a map in the report.
	 elevation or RL (Reduced Level –
	elevation above sea level in metres)
	of the drill hole collar
	 dip and azimuth of the hole
	 down hole length and interception
	depth

Criteria	Explanation	Commentary
	 hole length.
	If the exclusion of this information is	Location and orientation of all drill holes is reported.
	justified on the basis that the
	information is not Material and this
	exclusion does not detract from the
	understanding of the report, the
	Competent Person should clearly
	explain why this is the case.
Data	In reporting Exploration Results,	The results reported herein include averages calculated from
aggregation	weighting averaging techniques,	separate contiguous one metre intervals. No top or bottom cut
methods	maximum and/or minimum grade	of any assays has been applied.
	truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.	Where shorter lengths of high grade core occurs within wider zones of low grade the higher grades are noted as “including intervals” in the table within the report.
	Where aggregate intercepts incorporate
	short lengths of high grade results and	.
	longer lengths of low grade results, the
	procedure used for such aggregation
	should be stated and some typical
	examples of such aggregations should
	be shown in detail.
	The assumptions used for any reporting	No metal equivalent grades are reported herein.
	of metal equivalent values should be
	clearly stated.
Relationshi	These relationships are particularly	Due to the preliminary nature of the exploration it cannot be
p between	important in the reporting of Exploration	assumed that the intervals reported are true widths of
mineralisati	Results.	mineralisation.
on widths
and	If the geometry of the mineralisation	The drill holes reported are the first holes drilled at the
intercept	with respect to the drill hole angle is	Bunawan project, and while mapped surface structures are
lengths	known, its nature should be reported.	generally ENE trending and most drill holes were oriented
	If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down	perpendicular to this trend it cannot be assumed at this early stage of exploration that the intervals reported are true widths of mineralisation.
	hole length, true width not known’).
Diagrams	Appropriate maps and sections (with	A map (plan view) showing position of the drill holes and
	scales) and tabulations of intercepts	ground magnetic data is included in the report.
	should be included for any significant
	discovery being reported These should
	include, but not be limited to a plan view
	of drill hole collar locations and
	appropriate sectional views.
	Where comprehensive reporting of all	The report documents the assay results from the first phase of
Balanced reporting	Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be	drilling at Bunawan. Low grade sample results from adjacent rocks outside mineralised zones are not reported.
	practiced to avoid misleading reporting
	of Exploration Results.
Other	Other exploration data, if meaningful	All meaningful exploration data concerning the Bunawan
substantive	and material, should be reported	Project has been reported either in previous reports to the
exploration	including (but not limited to): geological	ASX (by Sierra Mining Limited) or is in the current report to
data	observations; geophysical survey	which this appendix is attached.
	results; geochemical survey results;
	bulk samples – size and method of
	treatment; metallurgical test results;

Criteria	Explanation	Commentary
	bulk density, groundwater, geotechnical
	and rock characteristics; potential
	deleterious or contaminating
	substances.
Further	The nature and scale of planned further	The attached report summarises the results of the initial scout
work	work (eg tests for lateral extensions or	drilling program at Bunawan. The results are considered very
	depth extensions or large-scale step-	encouraging and further drilling is warranted but has not been
	out drilling).	planned in detail at this stage.
	Diagrams clearly highlighting the areas
	of possible extensions, including the
	main geological interpretations and
	future drilling areas, provided this
	information is not commercially
	sensitive.