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STRIKE RESOURCES LIMITED Interim / Quarterly Report 2014

Jan 30, 2014

65855_rns_2014-01-30_2322d706-9090-4c83-9a65-a3a122e9c1b9.pdf

Interim / Quarterly Report

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31January 2014
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Quarterly Report

Strike Resources Limited (ASX: SRK, “Strike” or “the Company”) is pleased to present the Quarterly Report for the period ended 31 December 2013.

Overview

  • The Company’s core focus is to validate Apurimac’s potential for additional Iron ore resources, to support the establishment of a significant iron ore operation. This effort is supported by the solid foundation of the existing JORC mineral resources of 269.4Mt of iron ore at an average grade of 57.3% iron[†] .

  • Field work mostly complete on Opaban Environmental Impact Assessment (EIA) study.

  • Transport, crushing and sale commenced of first iron ore from pilot small scale mining project at Apurimac.

  • During the quarter Strike issued a demand notice to Cuervo Resources Inc. ("Cuervo") for C$5.25 million plus interest, relating to the development of the Cuervo operated Cerro Ccopane project.

  • Previous studies at Cerro Ccopane Project put total JORC mineral resources at 395.6 Mt at an average grade of 43.8% iron[†] .

  • As at 31 December 2013, the Company’s cash balance stood at A$12.2 million. The Company estimates that the current capital base is sufficient to support significant exploration and development activities in Peru over the next 12-18 months.

  • Subsequent to the end of the quarter, Strike further strengthened the Board with the appointment of Mr Victor Ho as a non-executive director, and Mr Farooq Khan as his alternate. Both Mr Ho and Mr Khan have extensive experience in the successful growth and management of listed ASX companies.

ABOUT STRIKE:

Strike Resources is an ASX listed iron ore project developer, focused on the high grade Apurimac magnetite project in Peru.

Apurimac is 100% owned by Strike and has the potential to support the establishment of a significant iron ore operation, based on some of the highest magnetite grades in the world.

In the near term, Strike intends to expand the resource base at Apurimac significantly.

Alongside Apurimac, Strike holds the Cusco Iron Ore Project, and an interest in the Cerro Ccopane project, both of which are also magnetite projects in Peru.

Strike is well funded to meet its objectives, with significant cash in hand to progress the Apurimac project.

"Whilst the Company continues to strengthen its relationship with key communities In the Apurimac region, we have also begun to investigate the possibility of working with the community miners currently on our concessions to commence a small scale iron ore business, using trucks to transport ore to local buyers and exporters at the coast. If successful, this could provide an early opportunity to generate some cashflow for the Company from its extensive portfolio of iron ore concessions in Peru."

Strike Resources Managing Director, Mr William Johnson.

† This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Projects

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Apurimac

Apurimac is the Company’s flagship project and work continued during the quarter towards to validating Apurimac’s potential for additional Iron ore resources, to support the establishment of a significant iron ore operation. This effort is supported by the solid foundation of the existing JORC mineral resources of 269.4Mt of iron ore at an average grade of 57.3% iron.

During the quarter field work was undertaken on the Environmental Impact Assessment (EIA) study at the Opaban concessions (Opaban 1, Opaban 3 and Christoforo 22) which is necessary in order for drilling to re-commence at these concessions. The field work is now mostly complete and a report is being prepared for submission to the relevant government authorities. Prior to submission, additional rounds of community consultation will be required.

Fieldwork for Environmental Impact Assessment at Opaban

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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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The Company continued to support the local communities during the quarter, with economic and technical support towards a number of social and infrastructure initiatives. These included the digging of a new irrigation canal, construction of school sports fields, local churches and a local primary school. The Company also provided sponsorship for community Christmas festivities.

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Christmas festivities.
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Community members digging an Irrigation channel, funded by Strike

Iron Ore Sales

The Company commenced the transport and sale of its first iron ore during the December quarter having received a purchase order from a local steel plant for 5,000 tonnes of high grade ore.

Approximately 8,000 tonnes of ore has been mined from surface outcrops from one of the Company’s concessions by 'informal' community members, using an excavator. The Company bought the ore from the community miners and is In the process of transporting the ore to a crushing plant operated by a third party near the coastal town of Pisco in Southern Peru. Once crushed, the ore will be sold to a local steel plant for use in their blast furnace to produce steel for the domestic market.

The Company is using the sale of this mined ore as a pilot operation for potentially establishing a regular supply of ore to this steel plant and for export.

Regulations in Peru allow for small scale mining by 'informal' miners, so long as they have taken certain steps to move from being classified 'informal' to 'formal' miners. The Company is working with a number of such groups of informal miners wishing to formalise their operations and mine iron ore from its concessions.

The Company is evaluating the economic potential of supporting these community miners to mine small quantities of ore from its concessions, with the objective being to generate a sustainable supply of ore for the local market and for export.

If successful, the Company could potentially generate some income from the sale of iron ore from its concessions in a much shorter timeframe than previously anticipated.

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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Cusco

The Cusco project lies approximately 150km to the south - east of Apurimac and forms an attractive secondary development target for the Company in Peru.

Like Apurimac, iron ore mineralisation at the project is coarse grained and dominated by magnetite, with high grades recorded. Preliminary metallurgical tests indicate a concentrate grade of >65% Fe can be produced from this ore using conventional grinding and magnetic separation processes.

An initial inferred resource estimate of 104Mt at 32.6% Fe is recorded for the Project, which has the scope for upgrade following further exploration work (including drilling) which would support re-evaluation of the resource methodology.

No work was undertaken on the Cusco project during the quarter as the Company continues to focus on first progressing Apurimac.

Cerro Ccopane (operated by Cuervo Resources Inc)1

The Cerro Ccopane project, located approximately 150km to the south - east of Apurimac, is operated by Canadian listed company Cuervo Resources Inc ("Cuervo").

On December 11, 2013 Strike announced it had issued a demand notice for C$5,250,000 plus applicable interest to Cuervo in respect of the Investment Agreement between the two Companies, relating to the financing of the Cerro Ccopane project. The demand notice was issued following Strike's concerns regarding the solvency of Cuervo and events of default occurring under the current agreements between the companies.

Strike also issued a notice of its intention to enforce its security held over 90% of the shares of the Peruvian company holding the key assets of the project, if the full amount owed to Strike was not paid by December 16, 2013. To date no further action has been undertaken.

Cash Position

As at 31 December 2013, the Company’s cash balance stood at $12.2 million. This gives Strike a robust capital base to progress the Apurimac exploration target.

The Company estimates that the current capital base is sufficient to support significant exploration and development activities in Peru over the next 12-18 months, depending on the speed of required approvals for certain exploration activities.

Corporate

Post the end of the quarter, the Company announced the appointment of Mr Victor Ho to the Board as a Non-Executive Director and Mr Farooq Khan as an alternate Director for Mr Ho.

Mr Ho has been in executive roles with a number of public listed companies since 2000.

Previously, Mr Ho had 9 years’ experience in the taxation profession with the Australian Tax Office and in a specialist tax law firm. Mr Ho has extensive experience in the structuring and execution of commercial and corporate transactions, capital raisings, capital management matters, public company administration, corporations’ law, stock exchange compliance and shareholder relations.

1 Strike has advanced Cuervo C$5.25M to fund the Stage 1 drilling and exploration program and, in return, was issued warrants that can be converted to 31.5% of Cuervo’s shares on an undiluted basis, at C$0.30 per share. Strike holds a share pledge (similar to a share mortgage) over 90% of the shares in Cuervo’s 100%owned Peruvian subsidiary that, in turn, owns Cuervo's concessions. Upon Cuervo validly estimating a 500 Mt inferred resource across its Cerro Ccopane Project, this security is reduced so as to cover only 45% of those shares.

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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Mr Ho is currently Executive Director of Orion Equities Limited (ASX: OEQ), a 11% shareholder in the Company, and Executive Director of Queste Communications Ltd (ASX: QUE).

Mr Khan is a qualified lawyer having previously practised principally in the field of corporate law.

Mr Khan has extensive experience in the securities industry, capital markets and the executive management of ASX-listed companies. In particular, Mr Khan has guided the establishment and growth of a number of public listed companies in the investment, mining and financial services sectors. He has considerable experience in the fields of capital raisings, mergers and acquisitions and investments.

Mr Khan is currently Executive Chairman of Bentley Capital Limited (ASX: BEL), Executive Chairman of Orion Equities Limited (ASX: OEQ) and Executive Chairman and Managing Director of Queste Communications Ltd (ASX: QUE).

-ENDS-

For further information, please contact:

Peru: Australia: William Johnson Shane Murphy – Media & Investor Relations Managing Director FTI Consulting Strike Resources +61 8 9485 8888 Tel: +(511) 715-8090 +61 420 945 291 [email protected] [email protected]

The information in respect to mineral resources and other exploration results at Cerro Ccopane is extracted from the report entitled " Cerro Ccopane Resource and Funding Update " released by Strike to the ASX on 30 July 2013 and available at www.strikeresources.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The company confirms that the form and context in which the Competent Peron's findings are presented have not been materially modified from the original market announcement.

JORC Code (2004) Competent Person Statement - Apurimac and Cuervo

The information in this document that relates to exploration results and mineral resources In respect of the Apurimac and Cuervo projects has been compiled by Mr Ken Hellsten, B.Sc. (Geology), who is a consultant to Strike Resources Ltd and is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Hellsten has sufficient experience 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 Mineral Resources and Ore Reserves” (the JORC Code). Mr Hellsten consents to the inclusion in this document of the matters based on this information in the form and context in which it appears.

This information in respect of Apurimac and Cuervo was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported

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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Appendix 1 - Apurimac and Cusco mineral resources

Apurimac

The Apurimac project has a JORC resource of 269.4 Mt, consisting of:

  • a 142.2 Mt Indicated Mineral Resource at 57.8% Fe; and

  • a 127.2 Mt Inferred Mineral Resource at 56.7% Fe.

Combined Mineral Resources for Opaban 1 and Opaban 3

Category
Project
Density t/m3
Mt
Fe%
**SiO2% **
Al2O3%
P%
S%
Inferred 4
127.19
56.7
9.66
2.7
0.04
0.2
Indicated
Opaban 1
4
133.71
57.57
9.46
2.54
0.04
0.12
Indicated
Opaban 3
4
8.53
62.08
4.58
1.37
0.07
0.25
Totals 269.4 57.3
9.4
2.56
0.04
0.16

Cusco

Category
Project
Density t/m3
Mt*
Fe%
**SiO2% **
Al2O3%
P%
S%
Inferred
Santo Tomas
4
104.4
32.62
0.53
3.19
0.035
0.53
Totals 104.4 32.62
0.53
3.19
0.035
0.53

Cerro Ccopane

Bob1 New
Resources
Tonnes (Mt) Iron (%) SiO2 (%) Al2O3 (%) P (%) S%
Inferred 217.0 40.2 21.6 5.0 0.08 2.2
Cerro Ccopane
New Total2
Inferred
Indicated
Measured
Tonnes (Mt) Iron (%)
340.0
35.9
19.7
43.3
45.9
48.3
Total 395.6 43.8

2 Although a full suite of elementary analyses were completed on all drilling at Cerro Ccopane the resources apart from Bob1 (Golder) were not estimated for SiO2, Al2O3, or P and S grade estimates were completed only for Orcopura and Bob1 (Golder) resources.

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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

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

STRIKE RESOURCES LIMITED AND ITS CONTROLLED ENTITIES

ABN
94 088 488 724
Quarter ended (“current quarter”)
94 088 488 724 31 December 2013

Consolidated statement of cash flows

Cash flows related to operating activities
1.1
Receipts from product sales and related
debtors
1.2
Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration
1.3
Dividends received
1.4
Interest and other items of a similar nature
received
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
Current quarter
$A’000
Year to date
(6 months)
$A’000
-
(432)
-
-
(856)
-
100
-
-
-
-
(888)
-
-
(1,587)
-
241
-
-
-
(1,188) (2,234)
Cash flows related to investing activities
1.8
Payment for purchases of: (a) prospects
(b) equity investments
(c) other fixed assets
1.9
Proceeds from sale of:
(a) prospects
(b) equity investments
(c) other fixed assets
1.10
Loans to other entities
1.11
Loans repaid by other entities
1.12
Other (provide details if material)
Net investing cash flows
1.13
Total operating and investing cash flows
(carried forward)
-
-
-
-
-
1
-
-
-
-
-
-
-
-
1
-
-
-
1 1
(1,187) (2,233)
  • See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 1

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

1.13
Total operating and investing cash flows
(brought forward)
(1,187) (2,233)
Cash flows related to financing activities
1.14
Proceeds from issues of shares, options, etc.
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 (provide details if material)
Net financing cash flows
-
-
-
-
-
-
-
-
-
-
-
-
- -
Net increase (decrease) in cash held
1.20
Cash at beginning of quarter/year to date
1.21
Exchange rate adjustments to item 1.20
1.22
Cash at end ofquarter
(1,187)
13,338
63
(2,233)
14,415
32
12,214 12,214

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

1.23
1.24
Aggregate amount of payments to the parties included in item 1.2
Aggregate amount of loans to the parties included in item 1.10
Current quarter
$A'000
148
-
1.25 Explanation necessaryfor an understandingof the transactions
1.23 includes director’s fees and salaries for executive and non-executive d irectors

Non-cash financing and investing activities

2.1
2.2
Details of financing and investing transactions which have had a material effect on
consolidated assets and liabilities but did not involve cash flows
Nil
Details of outlays made by other entities to establish or increase their share in projects in
which the reportingentityhas an interest
Nil
  • See chapter 19 for defined terms.

Appendix 5B Page 2

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available Amount used
$A’000 $A’000
3.1 Loan facilities
- -
3.2 Credit standby arrangements
- -

Estimated cash outflows for next quarter

  • $A’000

  • 4.1 Exploration and evaluation 500

  • 4.2 Development -

  • 4.3 Production -

  • 4.4 Administration 750

  • Total 1,250

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as
shown in the consolidated statement of cash flows)
to the related items in the accounts is as follows.
Current quarter
$A’000
Previous quarter
$A’000
5.1
Cash on hand and at bank
5.2
Deposits at call
5.3
Bank overdraft
5.4
Other (provide details)
1,278 902
10,936 12,436
- -
- -
Total: cash at end of quarter(item 1.22) 12,214 13,338
  • See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 3

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

Changes in interests in mining tenements and petroleum tenements

6.1
Interests in mining
tenements and
petroleum tenements
relinquished, reduced
or lapsed
6.2
Interests in mining
tenements and
petroleum tenements
acquired or increased
Tenement
reference and
location
Nature of interest
(note (2))
Interest at
beginning
ofquarter
Interest at
end of
quarter
Nil
Nil

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 per
security (see
note3) (cents)
Amount paid up
per security (see
note3) (cents)
7.1
Preference
+securities
(description)
7.2
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buy-
backs,
redemptions
7.3
+Ordinary
securities
7.4
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buy-
backs
145,334,268 145,334,268
7.5
+Convertible
debt
securities
(description)
  • See chapter 19 for defined terms.

Appendix 5B Page 4

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

7.6
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through
securities
matured,
converted
7.7
Options
Director options
Director options
Director options
Director options
Director options
Director options
Director options
7.8
Issued during
quarter
7.9
Exercised
during quarter
7.10
Expired during
quarter
500,000
500,000
500,000
916,666
916,666
916,668
3,000,000
Exercise price
36.0 cents
42.0 cents
56.0 cents
36.0 cents
42.0 cents
56.0 cents
30.0 cents
Expiry date
23 November 2016
23 November 2016
23 November 2016
23 November 2016
23 November 2016
23 November 2016
17 June 2018
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 /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here: Date: 31 January 2014 Managing Director

Print name: William Johnson

  • See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 5

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

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 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.

Appendix 5B Page 6

01/05/2013

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Quarterly Report for the period ended 31December 2013
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ASX Listing Rule 5.3.3 - Details of Strike Resources Tenements Held at 31 December.

Note: No tenements were acquired or disposed of during the quarter. No farm in or farm out agreements are in effect.

Perú (Strike - 100%)

Apurimac Project tenements

Apurimac Project tenements Apurimac Project tenements Apurimac Project tenements Apurimac Project tenements Apurimac Project tenements Apurimac Project tenements
Name Area (Ha) Province Code Title File No
(1) Opaban I 999 Andahuaylas 05006349X01 No 8625-94/RPM Dec 16, 1994 20001465
(2) Opaban III 990 Andahuaylas 05006351X01 No 8623-94/RPM Dec 16, 1994 20001464
(3) Los Andes I 999 Andahuaylas 05006372X01 No 0134-95-RPM Jan 31, 1995 200001481
(4) Pitumarca II 1,000 Andahuaylas 05006385X01 No 8686-94-RPM Dec 22, 1994 20001478
(5) Lucrecia
Esperanza
66 Andahuaylas 01-00649-99 No 00623-2001-INACC/J Jul 26, 2001 11032475
(6) Nueva
Oropampa 6
400 Andahuaylas 01-00860-99 No 04043-2000-RPM Oct 13, 2000 11032603
(7) Mapsa 2001 800 Andahuaylas 01-01204-01 No 00590-2002-INACC/J Apr 8, 2002 11032600
(8) Coriminas II 1,000 Andahuaylas 01-01624-99 No 02760-2000-RPM Jul 25, 2000 11032965
(9) Coriminas V 1,000 Andahuaylas 01-01626-99 No 0936-00-RPM Mar 16, 2000 20003140
(10) Ferrum 1 965 Andahuaylas 01-02983-04 No 00228-2005-INACC/J Jan 19, 2005 11053798
(11) Ferrum 2 1,000 Andahuaylas 01-02984-04 No 00227-2005-INACC/J Jan 19, 2005 11053836
(12) Ferrum 3 1,000 Andahuaylas 01-02985-04 No 00229-2005-INACC/J Jan 19, 2005 11053807
Andahuaylas/
Aymaraes
(13) Ferrum 4 1,000 01-02986-04 No 00230-2005-INACC/J Jan 19, 2005 11053810
(14) Ferrum 5 959 Aymaraes 01-02987-04 No 00323-2005-INACC/J Jan 25, 2005 11053816
(15) Ferrum 7 437 Aymaraes 01-02989-04 No 00396-2005-INACC/J Jan 27, 2005 11053822
(16) Ferrum 8 900 Andahuaylas 01-02990-04 No 00232-2005-INACC/J Jan 19, 2005 11053827
(17) Ferrum 9 1,000 Aymaraes 01-02991-04 No 00326-2005-INACC/J Jan 25, 2005 11053830
(18) Ferrum 10 1,000 Aymaraes 01-02992-04 No 00325-2005-INACC/J Jan 25, 2005 11053833
(19) Ferrum 11 1,000 Aymaraes 01-02993-04 No 02512-2005-INACC/J Jun 16, 2005 11053835
(20) Ferrum 13 600 Andahuaylas 01-03139-06 No 4416-2006-INACC/J Oct 16, 2006 11061068
(21) Ferrum 26 827 Andahuaylas 01-02274-07 No 000853-2007-INGEMMET/PCD/PM Sept 7, 2007 11073793
(22) Ferrum 27 1,000 Andahuaylas 01-02629-07 No 000581-2007-INGEMMET/PCD/PM Sept 5, 2007 11073799
(23) Ferrum 36 1,000 Andahuaylas 10553307 RP 0176-2008-INGEMMET/PCD/PM Feb 29, 2008 11075418
(24) Cristoforo 22 379 Andahuaylas 01-01656-02 RP2849-2007-INGEMMET/PCD/PM Dec 13, 2007 11067786
(25) Ferrum 28 1,000 Andahuaylas 10507407 RP0601-2008-INGEMMET/PCD/PCM Mar 07, 2008 11075423
(26) Ferrum 29 1,000 Andahuaylas 10507507 RP0365-2008-INGEMMET/PCD/PM Mar 07, 2008 11075419
(27) Ferrum 30 963 Andahuaylas 10525907 PP 1024-2008-INGEMMET/PCD/PM May 05, 2008 11076757
(28) Ferrum 31 327 Andahuaylas 10552807 RP 1266-2008-INGEMMET/PCD/PM May 12, 2008 11076509
(29) Ferrum 32 900 Andahuaylas 10552907 RP0402-2008-INGEMMET/PCD/PM Mar 07, 2008 11075425
(30) Ferrum 33 900 Andahuaylas 10553007 RP0547-2008-INGEMMET/PCD/PM Mar 07, 2008 11075421
(31) Ferrum 34 800 Andahuaylas 10553107 RP0764-2008-INGEMMET/PCD/PM Apr 17, 2008 11075427
(32) Ferrum 35 1,000 Andahuaylas 10553207 RP0347-2008-INGEMMET/PCD/PCM Mar 07, 2008 11075426
(33) Ferrum 37 695 Andahuaylas 10621507 RP 1164-2008-INGEMMET/PCD/PM May 12, 2008 11076534
(34) Ferrum 56 1,000 Andahuaylas 10133508 RP 1971-2008-INGEMMET/PCD/PM Jun 19, 2008 11077123
(35) Ferrum 57 1,000 Andahuaylas 10133608 RP 3279-2008-INGEMMET/PCD/PM Sept 9, 2008 11081417
(36) Ferrum 58 1,000 Andahuaylas 10133708 RP 2206-2008-INGEMMET/PCD/PM 27 Jun, 2008 11077127
(37) Ferrum 59 1,000 Andahuaylas 10133808 RP 2272-2008-INGEMMET/PCD/PM 27 Jun, 2008 11077122
(38) Ferrum 61 1,000 Aymaraes 10073308 - in process
(39) Pacunco 1 800 Andahuaylas 10019508 RP 1806-2008-INGEMMET/PCD/PM May 29, 2008 11076523
(40) Minas
Huaycco
800 Abancay 10168708 RP 2541-2008-INGEMMET/PCD/PM Aug 08, 2008 11081416
(41) Roncco 400 Aymaraes 10521708 Notification 153150-2008 INGE<<ET 30 Oct, 2008 TBA
(42) Ferrum 12 700 Andahuaylas 10299404 RP 030326-2005-INACC/J 25 Jan, 2005 TBA

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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Apurimac Project tenements

Apurimac Project tenements Apurimac Project tenements Apurimac Project tenements Apurimac Project tenements Apurimac Project tenements Apurimac Project tenements
Name Area (Ha) Province Code Title File No
(43) Sillaccassa 3 200 Andahuaylas 10491311 RP 000192-2012-INGEMMET/PCD/PM 30 Mar, 2012 TBA
(44) Ferrum 21 999 Lucanas 10027007 RP 129-2008-MEM/CM 21 Apr, 2008 TBA
RP 003321-2008- INGEMMET/PCD/PM 10 Sep,
2009
(45) Cassio 100 400 Andahuaylas 10182808 TBA
(46) Ferrum 25 1,000 Andahuaylas 10227307 TBA TBA
RP 006426-2008-INGEMMER/PCD/PM 30 Dec,
2008
(47) Ferrum 19 1,000 Cotabombas 10026807 TBA
(48) Ferrum 6 1,000 Aymaraes 10298804 RP 00231-2005-INACC/J 19 Jan, 2005 TBA
(49) Ferrum 64 600 Andahuaylas 10073108 RP 000647-2009-INGEMMET/PCD/PM 27 Feb, 2009 TBA
(50) Ferrum 20 800 Cajamarca 10026907 RP 000064-2009-INGEMMET/PCD/PM 28 Jan, 2009 TBA
(51) Ferrum 16 1,000 Chumbivilcas 10026507 RP 001979-2007-INACC/J 24 May, 2007 TBA
(52) Ferrum 38 800 Andahuaylas 10623507 RP1288-2008-INGEMMET/PCD/PM May 12, 2008 11064280
(53) Ferrum 39 1,000 Andahuaylas 10131408 RP 1573-2008-INGEMMET/PCD/PM May 29, 2008 11076755
(54) Ferrum 40 1,000 Andahuaylas 10131508 RP 2905-2008-INGEMMET/PCD/PM Aug 19, 2008 11079783
(55) Ferrum 41 1,000 Andahuaylas 10131608 RP 1965-2008-INGEMMET/PCD/PM Jun 19, 2008 11077113
(56) Ferrum 42 1,000 Andahuaylas 10131708 RP 1975-2008-INGEMMET/PCD/PM Jun 19, 2008 11077114
(57) Ferrum 43 1,000 Andahuaylas 10131808 RP 3243-2008-INGEMMET/PCD/PM Sept 9, 2008 11081446
(58) Ferrum 44 1,000 Andahuaylas 10131908 RP 1934-2008-INGEMMET/PCD/PM Jun 19, 2008 11077115
(59) Ferrum 45 1,000 Andahuaylas 10132008 RP 2283-2008-INGEMMET/PCD/PM Jun 27, 2008 11077116
(60) Ferrum 46 1,000 Andahuaylas 10132108 RP 2523-2008-INGEMMET/PCD/PM Aug 08, 2008 11079784
(61) Ferrum 47 1,000 Andahuaylas 10132208 RP 1908-2008-INGEMMET/PCD/PM Jun 18, 2008 11077117
(62) Ferrum 48 1,000 Andahuaylas 10132308 RP 1756-2008-INGEMMET/PCD/PM May 29, 2008 11076584
(63) Ferrum 49 1,000 Andahuaylas 10132408 RP 2000-2008-INGEMMET/PCD/PM Jun 19, 2008 11077118
(64) Ferrum 50 900 Andahuaylas 10132508 RP 1922-2008-INGEMMET/PCD/PM Jun 19, 2008 11077120
(65) Ferrum 51 1,000 Andahuaylas 10132608 RP 1893-2008-INGEMMET/PCD/PM Jun 18, 2008 11077121
(66) Ferrum 52 1,000 Andahuaylas 10132708 RP 2803-2008-INGEMMET/PCD/PM Aug 18, 2008 11079786
(67) Ferrum 53 1,000 Andahuaylas 10132808 RP 2550-2008-INGEMMET/PCD/PM Aug 08, 2008 11079787
(68) Ferrum 54 700 Andahuaylas 10132908 RP 2899-2008-INGEMMET/PCD/PM Aug 19, 2008 11079788
(69) Ferrum 55 800 Andahuaylas 10133408 RP 2951-2008-INGEMMET/PCD/PM Aug 19, 2008 11079789
(70) Ferrum 60 200 Abancay 10073208 RP 6379-2008-INGEMMET/PCD/PM Dec 29, 2008 11084879
(71) Ferrum 62 900 Abancay 10073408 RP 3147-2008-INGEMMET/PCD/PM Aug 28, 2008 11079791
(72) Ferrum 63 300 Grau 10073008 RP 1492-2008-INGEMMET/PCD/PM May 26, 2008 11076586
(73) Pichirhua 1 800 Abancay 10151708 RP 2638-2008-INGEMMET/PCD/PM Aug 11, 2008 11079794
(74) Pichirhua 2 400 Abancay 10151808 RP 3244-2008-INGEMMET/PCD/PM Sept 9, 2008 11081445
(75)
Colcabamba 1
600 Aymaraes 10212308 RP 2986-2008-INGEMMET/PCD/PM Aug 19, 2008 11079780
(76)
Colcabamba 2
500 Aymaraes 10212408 RP 3177-2008-INGEMMET/PCD/PM Sept 8, 2008 11081451
(77)
Colcabamba 3
900 Aymaraes 10217208 RP 3040-2008-INGEMMET/PCD/PM Aug 28, 2008 11079781
(78)
Colcabamba 4
400 Aymaraes 10580108 RP 1117-2009-INGEMMET/PCD/PM Mar 31, 2009 11093827
(79) Sillaccassa 1 700 Andahuaylas 10212508 RP 5088-2008-INGEMMET/PCD/PM Nov 19, 2008 11084877
(80) Sillaccasa 2 400 Andahuaylas 10212608 RP 3183-2008-INGEMMET/PCD/PM Sept 8, 2008 11081449
No 000741-2010 INGEMMET/PCD/PM Mar 22,
2010
(81) Helimag 1 900 Andahuaylas 10294109 TBA
(82) Quimsa 1 1,000 Melgar 10248007 RP 000913-2007-INGEMMET/PCD/PM Sept 7, 2007 TBA
RP 000345-2007-INGEMMET/PCD/PM Aug 09,
2007
(83) Quimsa 2 1,000 Melgar 10246007 TBA
RP 005978-2008-INGEMMET/PCD/PM Dec 17,
2008
(84) Pucaccasa 600 Andahuaylas 10353408 TBA

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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Cusco Project tenements

Cusco Project tenements Cusco Project tenements Cusco Project tenements Cusco Project tenements Cusco Project tenements Cusco Project tenements
Name Area (Ha) Province Code Title File No.
(1) Flor de María 907 Chumbivilcas 05006521X01 No 7078-95-RPM Dec 29, 1995 20001742
(2) Delia
Esperanza
1,000 Chumbivilcas 05006522X01 No 0686-95-RPM Mar 31, 1995 20001743
(3) Julia Clara 1,000 Chumbivilcas 05006523X01 No 4600-95/RPM Sept 26, 1995 20001744
(4) El Pacífico I 618 Chumbivilcas 05006536X01 No 7077-95/RPM Dec 29, 1995 20001785
(5) El Pacífico II 1,000 Chumbivilcas 05006524X01 No 7886-94/RPM Nov 25, 1994 20001746
(6) Ferrum 14 268 Chumbivilcas 01-03047-05 No 05032-2005-INACC/J Nov 30, 2005 11053842
(7) Ferrum 15 992 Chumbivilcas 10494906 RJ 0753-2007-INACC/J Mar 05, 2007 11073796
(8) Ferrum 17 500 Chumbivilcas 10026607 RP 1815-2007-INGEMMET/PCD/PM Oct 30, 2007 11073794
Chumbivilcas
/Cotabambas
(9) Ferrum 18 800 10026707 RP 1761-2008-INGEMMET/PCD/PM May 29, 2008 11076514
(10) Ferrum 72 1,000 Paruro 10408208 RP 4435-2008-INGEMMET/PCD/PM Oct 21, 2008 11084851
(11) Ferrum 73 1,000 Paruro 10409608 RP 5050-2008-INGEMMET/PCD/PM Nov 19, 2008 11084874
Chumbivilcas/
Paruro
(12) Ferrum 74 1,000 10409708 RP 5006-2008-INGEMMET/PCD/PM Nov 19, 2008 11084871
(13) Ferrum 75 303 Chumbivilcas 10409808 RP 5130-2008-INGEMMET/PCD/PM Nov 19, 2008 11084873
(14) Ferrum 76 974 Chumbivilcas 10409908 RP 4323-2008-INGEMMET/PCD/PM Oct 20, 2008
11084870
(15) Ferrum 77 1,000 Paruro 10408108 RP 5227-2008-INGEMMET/PCD/PM Nov 19, 2008
11084868
(16) Ferrum 65 1,000 Paruro 10580008 RP 0337-2009-INGEMMET/PCD/PM Feb 19, 2009
11093825
(17) Ferrum 66 100 Paruro 10580208 RP 1613-2009-INGEMMET/PCD/PM Jun 4, 2009 11093823
(18) Ferrum 67 100 Chumbivilcas 10579908 RP 5849-2008-INGEMMET/PCD/PM Dec 17, 2008 11084880
(19) Ferrum 68 1,000 Acomayo 10579808 RP 1185-2009-INGEMMET/PCD/PM Mar 31, 2009 11093824
(20) Ferrum 69 1,000 Acomayo 10579708 RP 1633-2009-INGEMMET/PCD/PM Jun 4, 2009 TBA
(21) Ferrum 70 1,000 Acomayo 10579608 RP 1848-2009-INGEMMET/PCD/PM Jun 11, 2009 TBA
(22) Ferrum 71 1,000 Acomayo 10579508 RP 1120-2009-INGEMMET/PCD/PM Mar 31, 2009 TBA

Paulsens East Project – Western Australia (Strike – 100%)

Grant
Date
Expiry
Date
Area
(blocks/Ha)
Tenement No Status Area(km²)
(1) PL 47/1170* Granted 27/03/06 26/03/13 164 Ha 1.64

*An application has been made to convert PL 47/1170, together with a portion of expired former exploration licence E47/1328, into a retention licence with a total area of 381Ha.

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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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