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TUNGSTEN MINING NL Capital/Financing Update 2014

Dec 18, 2014

65918_rns_2014-12-18_e8248fe0-ebea-413e-a5b2-f7ab96e23dce.pdf

Capital/Financing Update

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ASX Announcement

Kilba Project Advances with Successful Infill Drilling Program

Highlights

  • Infill drilling continues to confirm continuity of tungsten mineralisation at the “flagship” Kilba Project with completion of Phase 2 program.

  • Better intersections from infill drilling at Zone 11 include:

  • 10 metres at 0.59% WO3 from 7 metres,

  • 12 metres at 0.33% WO3 from 104 metres and

  • 10 metres at 0.48% WO3 from 11 metres.

  • Mineralisation identified at Zone 8 was particularly encouraging with broad widths intersected.

  • Better intersections from infill and extensional drilling at Zone 8 include:

  • 7 metres at 0.90% WO3 from 41 metres including 4 metres at 1.49% WO3,

  • 11 metres at 0.39% WO3 from 51 metres including 1 metres at 2.11% WO3,

  • 7 metres at 0.78% WO3 from 47 metres including 2 metres at 1.77% WO3,

  • 13 metres at 1.01% WO3 from 59 metres including 1 metres at 8.24% WO3,

  • A Mineral Resource update is currently being undertaken.

  • A Prefeasibility Study will commence upon receipt of the updated resource model.

Tungsten Mining NL (ASX:TGN) (“the Company”) is pleased to report that drilling continues to intersect significant high-grade tungsten mineralisation at the Kilba Project in the Ashburton Region of Western Australia. During October and November 2014, the Company drilled 62 reverse circulation (RC) holes for 5,087 metres and 13 HQ and PQ diamond holes for 686 metres on the 100% owned and granted Mining Lease 08/314. To date TGN has drilled a total of 37 diamond holes and 158 RC holes for 17,172 metres at the Kilba Project (Figure 1).

In May 2013, the Company announced a Maiden Indicated and Inferred Mineral Resource at Zone 8 and Zone 11 of the Kilba project (ASX announcement; 31 May 2013). In August 2014, the Company commenced a phased drilling program to increase the confidence level of the Kilba Mineral Resource at Zones 8 and 11 to an Indicated status in support of detailed feasibility studies planned to commence in the March quarter. Phase 1 drilled in August and September confirmed continuity of high-grade zones at Zone 8 and Zone 11. Refer to ASX announcement dated 7 October 2014 for results of the Phase 1 infill drilling program.

Phase 2 drilling was completed in November 2014 with both Zone 8 and Zone 11 now drilled out on 40 metre sections. Results from all drilling have been received and are discussed in sections below.

1

Tungsten Mining NL 97 Outram Street ABN 67 152 084 403 West Perth WA 6005

PO Box 517 T +61 8 9486 8492 E [email protected] West Perth WA 6872 F +61 8 9322 2370 W www.tungstenmining.com

Figure 1 – plan displaying location of Phase 2 drilling (blue circles) at the Kilba Project.

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2

Zone 11

A total of 46 RC holes for 4,375 metres were completed at Zone 11 with the deposit now drilled out on a 40 metre hole spacing over the Zone 11 Mineral Resource (Figure 2). Diamond drilling was also undertaken with 5 HQ holes for 225 metres completed to twin RC drilling and 5 PQ holes for 285 metres drilled to collect metallurgical samples. Tungsten mineralisation at Zone 11 has been delineated over 1200 metres of strike and is associated with skarns and calc-silicate units that wrap around the Kilba granite and dip towards the south to southwest.

Better drill intersections are presented in Table 1 for RC drilling and Table 2 for HQ diamond drilling. Metallurgical holes will be assayed upon commencement of the planned metallurgical test work program for the feasibility study. A complete list of intersections greater than 2 metres at 0.10% WO3 are presented in Appendix 2.

Table 1 – Better intersection from Zone 11 RC drilling

Kilba Project, RC Drilling (>0.10 % WO3) Kilba Project, RC Drilling (>0.10 % WO3) Kilba Project, RC Drilling (>0.10 % WO3) Kilba Project, RC Drilling (>0.10 % WO3) Kilba Project, RC Drilling (>0.10 % WO3) Kilba Project, RC Drilling (>0.10 % WO3) Kilba Project, RC Drilling (>0.10 % WO3) Kilba Project, RC Drilling (>0.10 % WO3)
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
**WO3% **
KRC0106 7,479,908 350,451 65 -60/020 21 25 4 0.68
KRC0106 Incl. 22 23 1 1.76
KRC0113 7,480,044 349,817 168 -60/035 141 152 11 0.17
KRC0122 7,480,345 349,810 65 -60/075 7 17 10 0.59
KRC0122 Incl. 12 13 1 1.16
KRC0122 Incl. 15 16 1 1.84
KRC0138 7,480,031 349,905 136 -60/035 109 121 12 0.19
KRC0141 7,479,824 350,436 140 -60/020 104 116 12 0.33
KRC0141 Incl. 108 109 1 1.69
KRC0143 7,479,889 350,274 100 -60/020 71 76 5 0.46
KRC0143 Incl. 71 72 1 1.07
KRC0144 7,479,851 350,259 130 -60/020 102 122 20 0.17
KRC0145 7,479,880 350,521 72 -60/020 46 53 7 0.28
KRC0146 7,479,935 350,373 48 -60/020 11 21 10 0.48
KRC0146 Incl. 11 12 1 1.09
KRC0146 Incl. 14 15 1 1.68
KRC0151 7,480,339 349,791 30 -60/075 18 26 8 0.36
KRC0151 Incl. 19 20 1 1.26
1m riffle Split RC samples. Analysis is XRF determination by Nagrom laboratories, Kelmscott WA. Lower cut-off grade
0.10% WO3, no top cut grade, up to 3.0m of internal waste. Grid coordinates are MGA Zone 50.

1m riffle Split RC samples. Analysis is XRF determination by Nagrom laboratories, Kelmscott WA. Lower cut-off grade 0.10% WO3, no top cut grade, up to 3.0m of internal waste. Grid coordinates are MGA Zone 50.

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Table 2 – Better intersection from Zone 11 HQ Diamond drilling

Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3)
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
**WO3% **
KDD0026 7,480,071 350,035 63.6 -60/035 46.8 48.7 2.0 0.90
KDD0026 Incl. 47.7 48.7 1.0 1.23
KDD0027 7,480,290 349,757 45.35 -60/075 30.7 33.8 3.1 0.79
KDD0027 Incl. 30.7 31.7 1.0 1.21
KDD0028 7,479,945 350,338 30 -60/020 16.9 21.1 4.1 0.39
HQ half-core samples consisted of geological intervals from 0.3 – 1.4m. Analysis is XRF determination by Nagrom
laboratories, Kelmscott, WA. Lower cut-off grade 0.10% WO3, no top cut grade, up to 3.0m of internal waste.
Grid coordinates are MGA Zone 50.

Figure 2 – plan displaying collar location of recent drilling at Zone 11 (labels refer to drill holes prefixed KRC0… or KDD00...) and locations of Sections A–B, C–D and E-F shown below.

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Infill drilling at Zone 11 has confirmed continuity of mineralised envelops over 1200 metres of strike. The grade within these zones can be variable; however westerly plunging high-grade shoots within these envelops can be traced over numerous drill holes and drill sections. Drilling has increased the level of confidence in the geological interpretation and external resource consultants are currently conducting 3D interpretation and resource modelling of mineralisation present.

4

Tungsten at Zone 11 is hosted by a 30 - 90 metre thick mineralised horizon consisting of psammitic and pelitic schists, carbonate units, calc-silicates and skarns. Tungsten mineralisation is associated with multiple narrow prograde and retrograde oxidised skarns typically 0.3 to 3 metres thick that can form intersections up to 25 metre thick greater than 0.10% WO3.

The strongest and most continuous tungsten intersections are situated at the eastern end of Zone 11 where mineralisation dips steeply towards the south (Figure 3). Tungsten mineralised at this locality is confined to a single main lode that assays up to 14.5 metres at 0.8% WO3 (KDD0003).

Figure 3 – Typical cross section from Eastern domain showing moderately steep dipping scheelite mineralisation infilled by drilling in November 2014 (KRC0142 – 144)

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In the Central domain mineralisation is associated with multiple low – medium grade zones dipping moderate to shallowly towards the southwest (Figure 4). In the Western Domain, stratigraphy folds around the western end of the Kilba granite striking northwest and dips shallowly toward the west. Mineralisation in this region is generally low-grade, but does have medium – high grade zones as show by Figure 5.

The mineralogy of the Kilba skarns consists dominantly of grossularite garnet and pyroxene within prograde assemblages, altered to amphiboles, vesuvianite, epidote and clinozoisite within retrograde assemblages. Most high-grade scheelite is associated with the retrograde assemblages.

5

Figure 4 – Typical cross section from Central domain at Zone 11 showing multiple zones of shallow dipping scheelite mineralisation in an 80 metre wide mineralised horizon

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Figure 5 – Shallow high-grade tungsten mineralisation intersected by drilling in November from the Western domain of Zone 11.

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Zone 8

A total of 16 RC holes for 1223 metres were drilled at Zone 8 to complete 40 metre spaced sections over 360 metres of strike (Figure 6). Drilling followed up high-grade tungsten mineralisation intersected in historical drilling undertaken by Union Carbide in the 1980’s and TGN drilling intersected significant widths of tungsten mineralisation (Figure 6). Two PQ diamond holes were drilled to collect metallurgical samples and one HQ diamond hole twinned an RC hole. Better drill intersections are presented in Table 3 and a complete list of intersections greater than 2 metres at 0.10% WO3 are presented in Appendix 2. As noted earlier, metallurgical holes will be assayed at a later date.

Table 3 – Better results from Zone 8 RC drilling

**Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) **
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
**WO3% **
KRC0098 7,480,303 351,666 80 -60/140 34 37 3 0.31
KRC0098 41 48 7 0.90
KRC0098 Incl. 41 45 4 1.49
KRC0099 7,480,320 351,652 110 -70/140 54 62 8 0.28
KRC0100 7,480,342 351,738 65 -60/140 19 25 6 0.40
KRC0100 Incl. 19 20 1 1.02
KRC0100 32 41 9 0.34
KRC0100 Incl. 33 34 1 1.62
KRC0101 7,480,368 351,715 100 -60/140 75 78 3 0.82
KRC0101 Incl. 76 77 1 1.41
KRC0102 7,480,204 351,566 45 -60/140 21 27 6 0.45
KRC0104 7,480,215 351,531 72 -60/140 51 62 11 0.39
KRC0104 Incl. 52 53 1 2.11
KRC0154 7,480,318 351,703 70 -75/140 21 25 4 0.39
KRC0154 60 65 5 0.37
KRC0154 Incl. 61 62 1 1.20
KRC0155 7,480,345 351,735 66 -75/140 47 54 7 0.78
KRC0155 Incl. 50 52 2 1.77
KRC0155 58 61 3 1.24
KRC0155 Incl. 58 60 2 1.76
KRC0156 7,480,170 351,511 48 -60/140 10 21 11 0.33
KRC0157 7,480,203 351,487 84 -60/140 59 72 13 1.01
KRC0157 Incl. 68 69 1 8.24
1m riffle Split RC samples. Analysis is XRF determination by Nagrom laboratories, Kelmscott. Lower cut-off grade 0.10%
WO3, no top cut grade, up to 3.0m of internal waste. Grid coordinates are MGA Zone 50.

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Figure 6 – Plan showing collar location of recent drilling at Zone 8 (labels refer to drill holes prefixed KRC0… or KDD00...) and locations of Sections H–G and I-J shown below.

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Results from drilling at Zone 8 were again extremely encouraging with holes intersecting substantial thicknesses of moderate to strong tungsten mineralisation (Figure 7). Drilling targeted the historical Zone 8b where historical Union Carbide drilling intersected strong mineralisation and have extended mineralisation a further 60 metres to the west and 40 metres to the east.

Geological mapping and UV lamping has identified strike extensions to Zone 8b and indicates excellent potential to increase the Zone 8 Mineral Resource. Mineralisation is open to the west (Figure 8) and drilling in 2015 will focus on joining Zone 8a to Zone 8 b.

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Figure 7 – Cross section at Zone 8a showing thick high-grade scheelite mineralisation.

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Figure 8 – Cross section at the western end of Zone 8a showing thick high-grade scheelite mineralisation.

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Diamond Drilling

In 2013 three HQ diamond holes were drilled to “twin” RC holes comparing drilling techniques and local variability or the nugget-effect of tungsten mineralisation. An additional six HQ diamond twin holes were completed in the current phase of drilling at Zone 8 and Zone 11. Diamond holes generally intersected similar widths of mineralisation to the RC holes, however the grade of mineralisation varied considerably reflecting the “nuggetty” nature of the mineralisation. Overall diamond holes tended to have narrow intersections at higher grade than RC twins, however contained metal was of a similar magnitude for both drilling techniques.

Tungsten Mining’s CEO, Mr Craig Ferrier said “ we are very encouraged by the results from completing the two phase drilling program. The most recent phase of drilling confirms continuity of tungsten mineralisation at our “flagship” Kilba Project. Our primary objective was to increase confidence in the Kilba resource ahead of detailed feasibility studies, planned to commence once the resource model is completed. We are very pleased that the drilling has indicated continuity of the mineralisation at both Zones 8 and 11 and extended mineralisation along strike to the east and west at Zone 8. We are also encouraged by the geological mapping and UV lamping program that has identified strike extensions to Zone 8 and the prospect of further targets within the broader Kilba prospect area.

ENDS

Craig Ferrier Chief Executive Officer 19 December 2014

Competent Person’s Statement

The information in this report that relates to Exploration Targets and Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Peter Bleakley, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Bleakley is not a full-time employee of the company. Mr Bleakley is a consultant to the mining industry. Mr Bleakley 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’. Mr Bleakley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

For further information contact:

Craig Ferrier Chief Executive Officer Tel: +61 9486 8492 Colin Hay PPR Public Relations Tel: + 61 8 9388 0944

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Appendix 1 - JORC Code Reporting Criteria

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC-Code Explanation Commentary
Sampling
techniques
Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as down
hole gamma sondes, or handheld XRF
instruments, etc). These examples should
not be taken as limiting the broad meaning
of sampling.
The deposit is sampled using Reverse Circulation (RC), Diamond Drilling
(DD) and trenches over several drilling campaigns. The latest drilling
campaign was completed by Tungsten Mining utilising RC and diamond
drilling.
A total of 62 Tungsten Mining RC drillholes (5,087m) were drilled and the
majority of the holes were drilled at approximately 60_⁰. 6 HQ diamond hole_
(286m) were drilled to twin RC and 7 PQ diamond drillholes were completed
to collect metallurgical samples.
Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.
Tungsten Mining drillhole collar locations were picked-up by a licensed
surveyor using a Leica GS15 RTK GPS Viva System with accuracy of 10mm
horizontal and 20mm vertical.
Downhole surveying was measured by the drill contractors using a
Pathfinder survey instrument inside the drill string for RC drilling. Tungsten
Mining completed additional downhole surveys on open holes using a
gyroscopic probe. Approximately 80% of recent drilling has gyroscopic
surveys.
Certified standard and blanks samples were inserted into the sample
sequences in according to Tungsten Mining QAQC procedures. Duplicate
samples were collected to check repeatability of sampling and variability or
nugget effect for tungsten mineralisation. Results from this QAQC sampling
were considered excellent.
Aspects of the determination of
mineralisation that are Material to the
Public Report. In cases where ‘industry
standard’ work has been done this would
be relatively simple (eg ‘reverse circulation
drilling was used to obtain 1 m samples
from which 3 kg was pulverised to produce
a 30 g charge for fire assay’). In other
cases more explanation may be required,
such as where there is coarse gold that
has inherent sampling problems. Unusual
commodities or mineralisation types (eg
submarine nodules) may warrant
disclosure of detailed information.
The RC drilling crew collected 1 metre intervals from the cyclone and then
riffle split the bulk sample to produce two representative 2 – 4 kilogram
samples in calico bags. The riffle splitter was cleaned by mechanical
vibration and hosing with pressurised air to eliminate sample contamination.
One of the calico samples is for analysis and the second duplicate sample is
retained as a reference sample for possible reanalysing / QAQC activities.
Tungsten Mining samples were submitted to Nagrom Laboratory of
Kelmscott for analysis by XRF Tungsten Suite.
Drilling
techniques
Drill type (eg core, reverse circulation,
open-hole hammer, rotary air blast, auger,
Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc).
Tungsten Mining completed 62 RC drillholes in the latest phase of drilling.
RC holes depths ranged from 20 to 168 m, averaging 82 m. RC drilling used
a face-sampling hammer that produced a nominal 140m diameter hole.
Tungsten Mining drilled 6 HQ3 and 7 PQ3 diamond drillholes. Diamond
holes were drilled from 30 to 70m, averaging 53m.
Tungsten Mining diamond drill and RC holes were surveyed in-rods at 30
meter intervals using a Pathfinder survey instrument. Open holes were later
surveyed utilizing a gyroscopic probe.
Drill sample
recovery
Method of recording and assessing core
and chip sample recoveries and results
assessed.
RC recovery was visually assessed, recorded on drill logs and considered to
be acceptable within the mineralized zones.
Diamond core recovery is logged and recorded in the database. No
significant core loss issue exists.

11

Criteria JORC-Code Explanation Commentary
Measures taken to maximise sample
recovery and ensure representative nature
of the samples.
Diamond core was reconstructed into continuous runs for orientation
marking, depths being checked against the depth marked on the core blocks.
RC samples were visually checked for recovery, moisture and
contamination. A cyclone and splitter were used to provide a uniform sample
and these were routinely cleaned. The drill contractor blew out the hole at
the beginning of each drill rod to remove excess water and maintain dry
samples.
Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
Sample Recovery for diamond holes is generally very high (over 99%) within
the mineralised zones. Ground conditions for RC drilling were good and
drilling returned consistent size samples.
No significant bias is expected, and any potential bias is not considered
material at this stage.
Logging Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate
Mineral Resource estimation, mining
studies and metallurgical studies.
Tungsten Mining uses specially designed drill logs for skarn type deposits to
capture the geological data. The modified log sheet lists percentages of
various important skarn minerals.
During logging part of the RC sample is washed, logged and placed into chip
trays. The chip trays are stored in a designated building at site.
Diamond core was geotechnically logged for recovery and RQD. Information
on structure, lithology and alteration zones are recorded. Diamond core trays
are stored on the site for future reference.
All drill data is digitally captured and stored in a central database.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.
Diamond core and RC chips logging included records of lithology,
mineralogy, textures, oxidation state and colour. Visual estimates of
percentages of key minerals associated with tungsten mineralization and
veining are made. Core was photographed in both daylight and UV light to
estimate scheelite content.
The total length and percentage of the
relevant intersections logged.
All drill holes were logged in full
Sub-sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether
quarter, half or all core taken.
All HQ diamond drill core was cut in half by an Almonte diamond saw. PQ
metallurgical core has yet to be sampled.

If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet
or dry.

RC samples were collected on the rig using a cyclone and put through a riffle
splitter to produce two 2 – 4 kg samples.
For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.
Samples were dried, crushed to 6.3mm using a jaw crushers. Samples in
excess of 2kg are riffle splits and pulverised to 80% passing 75µm in LM5
pulveriser.
Quality control procedures adopted for all
sub-sampling stages to maximise
representivity of samples.
Field QAQC procedures included the insertion of field duplicates, blanks and
commercial standards. Standards were inserted at intervals of 30.
Duplicate and blanks were inserted behind mineralised samples on a one in
30 sample basis.
Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for instance
results for field duplicate/second-half
sampling.
Approximately 1 in 30 RC field duplicates were taken from 1m riffle split
samples at the rig. Repeatability in RC duplicate samples was found to be
excellent.
Half core samples were duplicated by quarter core samples. Repeatability of
these samples was considered good, but demonstrated the particulate
nature or nuggety of the scheelite mineralization.
Nine diamond holes were drilled to twin RC drilling. These holes intersected
similar zones of mineralization at target depths and again showed the
particulate or nuggety nature of tungsten mineralization. Overall contained
metal was similar.
Whether sample sizes are appropriate to
the grain size of the material being
sampled.
Sample sizes are considered to be appropriate to accurately represent the
tungsten mineralisation at Kilba based on the thickness and consistency of
the intersections, the sampling methodology and the percent value assay
ranges for the primary elements.
Quality of
assay data
and laboratory
tests
The nature, quality and appropriateness of
the assaying and laboratory procedures
used and whether the technique is
considered partial or total.
XRF has proven to be a very accurate analytical technique for a wide range
of base metals, trace elements and major constituents found in rocks and
mineral materials. Glass fusion XRF is utilised for assaying, since it provides
good accuracy and precision; it is suitable for analysis from very low levels
up to very high levels

12

Criteria JORC-Code Explanation Commentary
For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.
A handheld magnetic susceptibility meter (KT-10) was used to measure
magnetic susceptibility for every sample. Data is stored in the database.
All drilling in 2014 had downhole natural gamma, caliper, guard resistivity
and density measurement collected by a HDCT Dual Density Logging Tool.
Nature of quality control procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (ie lack of
bias) and precision have been established.
Field QAQC procedures included the insertion of field duplicates, blanks and
commercial standards. Assay results have been generally satisfactory
demonstrating acceptable levels of accuracy and precision.
Verification of
sampling and
assaying
The verification of significant intersections
by either independent or alternative
company personnel.
No independent personnel have verified intersections in RC drilling. TGN
personnel conducted UV lamping to visually estimate scheelite content and
confirm drill intersections..
The use of twinned holes. RC holes that intercepted high grades zones were verified by closely drilled
diamond holes in 2013 and 2014.
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
Logging takes place at the drilling site. Panasonic Toughbook computers
are used to record the logging.
A set of standard Excel templates are used to capture the data. Data was
validated on-siyte by the supervising geologist before being sent to Perth
office. I was then loaded into Micromine and validated for logging codes,
missing intervals, overlapping intervals, hole location and downhole
surveying. Validated data is then loaded into a relational database for
storage.
Discuss any adjustment to assay data. No adjustments were made, other than for values below the assay detection
limit which have been entered as the negative of the detection limit
Location of
data points
Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.
Once each drillhole is drilled to the targeted depth, it is routinely downhole
surveyed. Downhole surveying was measured by the drill contractors using a
Pathfinder survey instrument. All drillholes had measurements covering the
length of the hole with the reported accuracy of ±2 degrees. The instrument
measures magnetic azimuth and dip. The correction for magnetic azimuth
(0.8 degrees) is applied when the drillhole database is processed.
Tungsten Mining completed additional downhole surveys on open holes
using a gyroscopic probe. Due to hole blockages, only 80% of recent drilling
has gyroscopic surveys with reported accuracy of ± 1.0 degrees for azimuth
and ± 0.1 degrees for dip.
Holes have been picked up using a Carlson Surveyor + DGPG unit to sub-
metre accuracy. Periodically drillhole collar locations are picked-up by a
licensed surveyor using a Leica GS15 RTK GPS Viva System with an
accuracy of +/- 10mm Horizontally and +/-20mm Vertically.
Specification of the grid system used. The grid system is MGA_GDA94 Zone 50.
Quality and adequacy of topographic
control.
AAM Pty Limited (AAM) was commissioned to fly aerial photography of the
area in November of 2012 to obtain detailed topographic surface. AAM
provided Tungsten Mining with a surface Digital Terrain Model (DTM) with
0.15 m vertical accuracy, 0.5 m contours and a 15 centimetre (cm) resolution
digital orthophoto.
Data spacing
and
distribution
Data spacing for reporting of Exploration
Results.
Drill holes were generally drilled using 40 x 40 m grid for Zone 11 and Zones
8. Selected sections have 20m infill holes.
Whether the data spacing and distribution
is sufficient to establish the degree of
geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.
Not Applicable.
Whether sample compositing has been
applied.
For non-mineralised intervals 1 m samples were composited into 5m
composite samples for RC. Any anomalous composite samples had the 1m
riffle split samples submitted for analysis.
Orientation of
data in
relation to
geological
Whether the orientation of sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.
The drill sections have been orientated approximately perpendicular to the
strike of the mineralised skarn units observed at Kilba. Holes are dominantly
drilled at -60º towards skarn units to return intervals with thickness as true as
possible.

13

Criteria JORC-Code Explanation Commentary
structure If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
Diamond drilling has confirmed that drilling orientation did not introduce any
bias regarding the orientation of the skarn units.
Sample
security
The measures taken to ensure sample
security.
All sample numbers are generated in the site office. Once samples intervals
are selected, the numbers are assigned to each sample. The sample
number, drillhole name and sampled interval are recorded in the sampling
sheets. All sample bags are properly sealed and transported to Nanutarra
roadhouse where they are couriered by Star Freightlines to the Nagrom
laboratory in Kelmscott.
Audits or
reviews
The results of any audits or reviews of
sampling techniques and data.
Sampling techniques are consistent with industry standards. Consistency of
data was validated by TGN while loading into the database (Depth from <
Depth to; interval is within hole depth, check for overlapping samples or
intervals, etc.). Any data which fails the database constraints and cannot be
loaded is returned for validation, etc.). Global consistency was also checked
later on by plotting sections using the database and reconciling assays.

Section 2 - Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC-Code Explanation Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native title interests, historical sites,
wilderness or national park and
environmental settings.
Kilba prospect comprises one Mining Lease and one Exploration License
covering an area of approximately 35 km2 (3,548 hectares). Current
registered holders of the tenements are SM3-W Pty Ltd and BRL Exploration
Pty Ltd.
The Buurabalayji Thalanyji Aboriginal Corporation is entitled to a production
fee of 0.75% plus GST of the sale price realised by the tenement holder for
all minerals or commodities recovered and sold. The normal Western
Australian state royalties apply.
Tungsten Mining has 100% interest in all tenements. The project has a
current expenditure commitment of $90,500 per reporting year.
The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a licence to operate in the area.
The tenement is in good standing
Exploration
done by other
parties
Acknowledgment and appraisal of exploration
by other parties.
There are 32 historic drillholes and 5 trenches in the area that were drilled in
3 campaigns from 1975 till 1981 by the previous operator (ANZECO / Union
Carbide).
Geology Deposit type, geological setting and style of
mineralisation.
Mineralization is associated with scheelite tungsten skarns The mineralogy of
the Kilba skarns consist dominantly of grossularite garnet and pyroxene
intermediate in composition between diopside and hedenbergite (salite) for
prograde skarns.
This assemblage is altered to dark green to black amphiboles (dominantly
actinolite to ferroactinolite), vesuvianite, epidote and clinozoisite in retrograde
skarns. This garnet mineralogy is most typical of oxidised rather than
reduced skarns (i.e. oxidised ore fluids). Higher temperature prograde and
lower-temperature retrograde assemblages can be recognized. Most
scheelite is reportedly associated with the retrograde assemblage
Drill hole
Information
A summary of all information material to the
understanding of the exploration results
including a tabulation of the following
information for all Material drill holes:
In the company’s opinion this material has been adequately reported in
previous announcements for drilling and collar data for recent drilling is
tabulated in Appendix 1.

easting and northing of the drill hole
collar

elevation or RL (Reduced Level –
elevation above sea level in metres)
of the drill hole collar

14

Criteria JORC-Code Explanation Commentary

dip and azimuth of the hole

down hole length and interception
depth

hole length.
If the exclusion of this information is 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
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually
Material and should be stated.
Intersections are reported for all intervals greater than 2m at 0.10% WO3
using a lower cut-off grade 0.10% WO3, no top cut grade and up to 3.0m of
internal waste. All high-grade assays >1.0% WO3 are report beneath the
relevant intersection.
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.
All high-grade assays >1.0% WO3 are reported beneath the relevant
intersection. Interval waste up to 3m is included in intersections provided the
_adjacent zone and waste are >0.1% WO3. _
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.
Not applicable.
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly important
in the reporting of Exploration Results.
Drill hole angles of generally -60° toward the Northeast are adequate to drill
mineralised skarn units
If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
Drilling is generally perpendicular to the strike of mineralisation. Holes
intersect mineralisation at between 60 - 90° and true thickness will be
between 70 – 100% of the intersection thickness.
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (eg ‘down hole length,
true width not known’).
Geometry of the mineralisation with respect to the drill hole angle is known.
Diagrams Appropriate maps and sections (with scales)
and tabulations of intercepts 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.
Refer to diagrams in body of text
Balanced
reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.
All Intersections greater than 2m at 0.10% WO3 are reported and hole with
no significant mineralisation documented in Appendix 1.
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples – size and
method of treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
substances.
In the company’s opinion this material has been adequately reported in
previous announcements.
Further work The nature and scale of planned further work
(eg tests for lateral extensions or depth
extensions or large-scale step-out drilling).
Drilling will be planned to test for strike extensions and new targets around
the Kilba granite.
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.
All relevant diagrams are included in this document.

15

Appendix 2 –Drill Collar Data and Intersections > 2m at 0.10% WO3

**Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) **
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
**WO3% **
Zone 8 Prospect
KRC0097 7,480,273 351,588 100 -60/140 43 45 2 0.26
55 58 3 0.40
KRC0098 7,480,303 351,666 80 -60/140 34 37 3 0.31
41 48 7 **0.90 **
Incl. 41 45 4 1.49
55 57 2 0.14
KRC0099 7,480,320 351,652 110 -70/140 54 62 8 0.28
KRC0100 7,480,342 351,738 65 -60/140 19 25 6 0.40
Incl. 19 20 1 1.02
32 41 9 0.34
Incl. 33 34 1 1.62
KRC0101 7,480,368 351,715 100 -60/140 75 78 3 0.82
Incl. 76 77 1 1.41
KRC0102 7,480,204 351,566 45 -60/140 21 27 6 0.45
KRC0103 7,480,199 351,545 45 -60/140 21 25 4 0.39
35 37 2 0.12
KRC0104 7,480,215 351,531 72 -60/140 51 62 11 0.39
Incl. 52 53 1 2.11
KRC0105 7,480,241 351,502 105 -60/140 91 93 2 0.36
KRC0152 7,480,366 351,771 65 -60/140 No SignificantAssays
KRC0153 7,480,398 351,745 102 -60/140 No SignificantAssays
KRC0154 7,480,318 351,703 70 -75/140 21 25 4 0.39
38 40 2 0.32
51 53 2 0.12
60 65 5 0.37
Incl. 61 62 1 1.20
KRC0155 7,480,345 351,735 66 -75/140 47 54 7 0.78
Incl. 50 52 2 1.77
58 61 3 1.24
Incl. 58 60 2 1.76
KRC0156 7,480,170 351,511 48 -60/140 10 21 11 0.33
KRC0157 7,480,203 351,487 84 -60/140 59 72 13 1.01
Incl. 68 69 1 8.24

16

**Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) **
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
**WO3% **
Zone 11 Prospect
KRC0106 7,479,908 350,451 65 -60/020 21 25 4 0.68
Incl. 22 23 1 1.76
KRC0107 7,480,206 349,933 48 -60/035 No Significant Assays
KRC0108 7,480,001 349,881 168 -60/035 No Significant Assays
KRC0109 7,480,173 349,910 80 -60/035 No Significant Assays
KRC0110 7,480,142 349,883 100 -60/035 24 26 2 0.16
41 47 6 0.11
KRC0111 7,480,110 349,861 120 -60/035 38 40 2 0.45
103 113 10 0.17
KRC0112 7,480,078 349,840 144 -60/035 83 86 3 0.22
127 129 2 0.15
133 135 2 0.16
KRC0113 7,480,044 349,817 168 -60/035 103 105 2 0.26
117 120 3 0.18
141 152 11 0.17
KRC0114 7,480,220 349,845 70 -60/035 22 26 4 0.34
KRC0115 7,480,186 349,820 90 -60/035 36 38 2 0.22
KRC0116 7,480,430 349,820 35 -60/075 No Significant Assays
KRC0117 7,480,419 349,780 75 -60/075 13 15 2 0.12
29 33 4 0.19
KRC0118 7,480,409 349,745 78 -60/075 No Significant Assays
KRC0119 7,480,386 349,813 60 -60/075 No Significant Assays
KRC0120 7,480,367 349,740 90 -60/075 No Significant Assays
KRC0121 7,480,355 349,848 48 -60/075 No Significant Assays
KRC0122 7,480,345 349,810 65 -60/075 7 17 10 0.59
Incl. 12 13 1 1.16

17

**Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) **
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
**WO3% **
KRC0122 Incl. 15 16 1 1.84
KRC0123 7,480,334 349,771 84 -60/075 27 30 3 0.19
KRC0124 7,480,324 349,734 95 -60/075 No Significant Assays
KRC0125 7,480,499 349,780 30 -60/075 No Significant Assays
KRC0126 7,480,491 349,741 60 -60/075 No Significant Assays
KRC0127 7,480,480 349,702 70 -60/075 No Significant Assays
KRC0128 7,480,463 349,800 42 -60/075 7 9 2 0.51
KRC0129 7,480,311 349,839 25 -60/075 2 3 1 0.43
KRC0130 7,480,259 349,823 78 -60/035 17 20 3 0.24
41 43 2 1.21
Incl. 41 42 1 2.04
KRC0131 7,480,228 349,800 90 -60/035 No Significant Assays
KRC0132 7,480,194 349,776 112 -60/035 57 62 5 0.11
KRC0133 7,480,164 349,754 120 -60/035 70 76 6 0.23
KRC0134 7,480,128 349,731 148 -60/035 No Significant Assays
KRC0135 7,480,124 349,776 132 -60/035 No Significant Assays
KRC0136 7,480,235 349,754 108 -60/035 58 60 2 0.13
KRC0137 7,480,248 349,912 35 -60/035 No Significant Assays
KRC0138 7,480,031 349,905 136 -60/035 93 95 2 0.22
109 121 12 0.19
KRC0139 7,479,986 349,970 130 -60/035 98 101 3 0.27
118 120 2 0.25
KRC0140 7,479,871 350,438 76 -60/020 65 68 3 0.35
KRC0141 7,479,824 350,436 140 -60/020 104 116 12 0.33
Incl. 108 109 1 1.69
KRC0142 7,479,927 350,290 65 -60/020 31 38 7 0.18
KRC0143 7,479,889 350,274 100 -60/020 71 76 5 0.46

18

**Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) ** **Kilba Project, RC Drilling– (>(0.10 % WO3) **
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
**WO3% **
KRC0143 Incl. 71 72 1 1.07
88 90 2 0.19
KRC0144 7,479,851 350,259 130 -60/020 102 122 20 0.17
KRC0145 7,479,880 350,521 72 -60/000 46 53 7 0.28
KRC0146 7,479,935 350,373 48 -60/020 11 21 10 0.48
Incl. 11 12 1 1.09
Incl. 14 15 1 1.68
KRC0147 7,479,899 350,364 65 -60/020 43 45 2 0.31
KRC0148 7,480,157 350,044 20 -60/035 4 6 2 0.31
KRC0149 7,480,250 349,867 54 -60/035 42 45 3 0.28
KRC0150 7,480,275 349,835 65 -60/035 9 13 4 0.23
KRC0151 7,480,339 349,791 30 -60/075 18 26 8 0.36
Incl. 19 20 1 1.26
1m riffle Split RC samples. Analysis is XRF determination by Nagrom laboratories, Kelmscott. Lower cut-off grade 0.10%
WO3, no top cut grade, up to 3.0m of internal waste. Grid coordinates are MGA Zone 50.
Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3) Kilba Project, HQ Diamond Drilling (>0.10 % WO3)
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
**WO3% **
KDD0024 7,479,999 350,146 48.6 -60/020 6.6 8.77 2.17 0.15
KDD0024 30.8 34.0 3.2 0.18
KDD0026 7,480,071 350,035 63.6 -60/035 46.8 48.7 2.0 0.90
KDD0026 Incl. 47.7 48.7 1.0 1.23
KDD0027 7,480,290 349,757 45.35 -60/075 30.7 33.8 3.1 0.79
KDD0027 Incl. 30.7 31.7 1.0 1.21
KDD0028 7,479,945 350,338 30 -60/020 16.9 21.1 4.1 0.39
KDD0029 7,479,903 350,639 38 -60/000 23.7 24.8 1.1 0.38
HQ half-core samples consisted of geological intervals from 0.3 – 1.4m. Analysis is XRF determination by Nagrom
laboratories, Kelmscott, WA. Lower cut-off grade 0.10% WO3, no top cut grade, up to 3.0m of internal waste.
Grid coordinates are MGA Zone 50.

19