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STREAMPLAY STUDIO LIMITED Capital/Financing Update 2009
65841_rns_2009-10-04_421f5f5e-1082-4c6b-9c06-8e8791f5e1e2.pdf
Capital/Financing Update
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5 October 2009
ERITREAN TENEMENTS
and
ABU DABBAB & NUWEIBI MINERAL RESOURCES & ORE RESERVES
The Directors of Gippsland Limited ("Company") [ASX: GIP, DB: GIX] refer to today's Gippsland announcement relating to the granting of three (3) Eritrean Prospecting Licences ("Licences") to the Company's 100% owned subsidiary Nubian Resources PLC ("Announcement").
The Directors are pleased to confirm that the Abu Dabbab and Nuweibi Mineral Resources and Ore Reserves mentioned in the above Announcement total 142.5 million tonnes and are JORC compliant as follows:
Table 1: Abu Dabbab Mineral Resources (100g/t Ta2O5 cut-off)
| Category | Million Tonnes | Ta2O5(g/t) | Sn (%) |
|---|---|---|---|
| Measured Resource | 15.2 | 290 | 0.143% |
| Indicated Resource | 17.3 | 250 | 0.078% |
| Inferred Resource | 12 | 200 | 0.03% |
| Total Resource | 44.5 | 250 | 0.09% |
Table 2: Abu Dabbab Ore Reserves (100g/t Ta2O5 cut-off)
| Category | Million tonnes | Ta2O5(g/t) | Sn (%) |
|---|---|---|---|
| Proved Ore Reserve | 15.201 | 260 | 0.133 |
| Probable Ore Reserve | 15.038 | 250 | 0.084 |
| Total Proved & Probable Ore Reserve | 30.240 | 255 | 0.109 |
Table 3: Nuweibi Mineral Resources (100g/t Ta2O5 cut-off)
| Category | Million Tonnes | Ta2O5(g/t) | Nb2O5(g/t) |
|---|---|---|---|
| Indicated Resource | 48 | 147 | 90 |
| Inferred Resource | 50 | 138 | 95 |
| Total Resource | 98 | 143 | 0.09% |
NB 1: Numbers in tables 1, 2 & 3 may not correlate exactly due to rounding
NB 2: In Nuweibi the Resources have the potential to be expanded as the mineralisation to the east, west and at depth is open as diamond drill holes in these areas bottomed in mineralisation.
For further information, please contact:
RJ (Jack) Telford Director, Chief Executive Officer Gippsland Limited [email protected] www.gippslandltd.com
DJ Carmichael & Co Paul Covich / Rob Matthews Tel: +61 8 9263 5271 Email: [email protected] / [email protected] Web: www.djcarmichael.com.au
WH Ireland Limited (UK) John Molyneux / James Hughes Tel: +44 20 7220 1665 / +44 20 7220 1663 Email: [email protected] / [email protected] Web: www.wh-ireland.co.uk
Note:
In accordance with Listing Rule 5.6 of the Australian Stock Exchange Limited, the geological information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on data compiled by Dr John Chisholm, a Fellow of The Australasian Institute of Mining and Metallurgy. Dr Chisholm has sufficient experience which 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 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Dr Chisholm consents to the inclusion in the report of the matters based on his information in the form and contest in which it appears.