ZENITH MINERALS LIMITED — Management Reports 2014

Aug 5, 2014

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NEW MANGANESE DISCOVERIES - EARAHEEDY

August 6, 2014

HIGHLIGHTS

• First-pass mapping on recently acquired Rio Tinto Earaheedy tenements identifies two new, strike extensive manganese prospects: Bluegrass and Blue Elbow.

Activities

Exploration/Development

  - Earaheedy Manganese

  - Kavaklitepe Gold

  - Develin Creek Copper-Zinc

• Bluegrass Prospect

• Outcropping manganese over 3km of strike

• Massive to interbedded manganese beds up to 1.5m thick

• Local zones where mapping identified more than one manganese unit, assays awaited

• Flat lying to shallow dipping manganese is an attractive drill target

• Easy drill access

• Blue Elbow Prospect

• Outcropping manganese over >500m of strike

• Massive to locally bedded manganese >1m thick

• Shallow northerly dip of ~ 5 degrees provides an attractive drill target, assays awaited

• My Minnie Gold

• Mt Alexander Magnetite Iron

Details as at June 2014

Issued Shares	113.1 m
Unlisted options	1.1 m
Mkt. Cap. ($0.11)	A$ 12.0m
Cash Jun 14	A$1.1m
Debt	Nil

Directors

• Easy drill access

Zenith is very pleased to advise that initial field reconnaissance programs undertaken to assess the newly acquired Rio Tinto’s (ASX:RIO) Earaheedy tenements have been highly successful with the discovery of two new manganese prospects, Bluegrass and Blue Elbow (Figure 1).

A targeted geological reconnaissance mapping program to assess the area immediately along strike of Zenith’s Lockeridge Manganese Prospect identified generally north-dipping, outcropping manganese horizons over 3 kilometres of strike at Bluegrass and over 500 metres of strike at Blue Elbow. This reconnaissance program conducted over 2 days was focused on two areas identified in Zenith’s desktop manganese target study.

The Company is highly encouraged by this small focused first-pass program which delivered two new manganese prospects, and validates Zenith’s targeting methodology as well as vindicating the decision to acquire the Rio Tinto’s Earaheedy tenements which form a coherent land package covering the most manganese prospective portion of the western Earaheedy Basin. The Company believes that further systematic geological mapping programs over the newly acquired tenure are likely to turn up additional manganese prospects.

Michael Clifford: Managing Director Mike Joyce: Non Exec Chairman Stan Macdonald: Non Exec Director Julian Goldsworthy: Non Exec Director

Major Shareholders

HSBC Custod. Nom	9.3 %
Giralia (Atlas Iron)	9.1%
Miquilini	5.3%
Tilbrook/Grey Willow	5.3%
Nada Granich	4.8%
Yandal Inv. PL	3.0%

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Contact Us: Level 2/33 Ord Street West Perth WA 6005 Mail P O Box 1426 West Perth WA 6872 | Tel: (08) 9226 1110 | Fax: (08) 9481 0411 Email: info@zenithminerals.com.au | Web: ww.zenithminerals.com.au

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Figure 1: Earaheedy Project – Tenure and Prospects

Bluegrass Prospect

A new strike extensive zone of manganese mineralisation was identified at Bluegrass along trend from Zenith’s Lockeridge Manganese Prospect where drilling in 2013 returned: 3 metres @ 25.1% Mn from 8 metres and 3 metres @ 20.2% Mn from 27 metres depth in a gently northeast dipping horizon. Manganese mineralisation at Bluegrass crops out over 3km of strike (east-west orientation). Massive manganese beds vary from 0.1 metres to greater than 1.5 metres thick, locally interbedded with thinner, folded, diffuse manganese zones 0.1 metres thick and quartz manganese rich zones that appear to be locally orthogonal to the overall strike of mineralisation (Figure 2). Locally it appears there is more than one massive manganese unit.

Rock chip sampling has been completed and analytical results are awaited.

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Figure 2: Bluegrass Prospect – Manganese Outcrops over Satellite Image Backdrop

Blue Elbow Prospect

The manganese mineralisation outcrops above a ferrigunous chert which forms a small east-west ridge at the newly discovered Blue Elbow Prospect. Manganese mineralisation is in-turn overlain by hematitic shales that form a topographic dip surface (shallow northerly dip ~5 degrees), it is likely that the manganese horizon extends to the north at shallow depths beneath this hematitic shale unit (as shown below). This rock sequence is a similar stratigraphic succession to that at Zenith’s Red Lake Manganese Deposit where drilling by Zenith in 2012 returned results up to: 3m @ 41% Mn (within 5m @ 34.8% Mn from 22m depth), and 3 metres @ 34.8% Mn from 19 metres (ZLRC057), including 1m @ 42.3% Mn. Along strike to the east the manganese was tracked in 3 horizons, 2 that parallel the chert ridge the other which strikes more north-south into a small topographic saddle – the latter zone is both massive but generally patchier with more rock clasts in the manganese zone than observed in the main ridge zone area (Figure 3).

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South North
>300m
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Rock chip sampling has been completed and analytical results are awaited.

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Massive Shallow Dipping
Manganese
Close-up of Massive Manganese
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Figure 3: Blue Elbow Prospect – Manganese Outcrops over Satellite Image Backdrop

Forward Program

On receipt of final analytical results the company will commence planning for drill testing. Both of the new prospect areas are lightly vegetated and gently undulating providing easy drill access.

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BACKGROUND

Zenith was the first mover for manganese in the Proterozoic aged Earaheedy Basin in Western Australia, and has discovered and drill tested several zones of near surface manganese oxide. In 2012 the Company reported the first potential direct shipping ore (“DSO”) grade manganese drill intersections in the Earaheedy Basin and in April 2013 completed a maiden JORC Inferred Resource at the Red Lake deposit, as well as preliminary metallurgical work.

The Proterozoic aged Earaheedy Basin north of Wiluna in WA is a potential new manganese province with similarities to the giant Kalahari manganese field in South Africa. As first mover Zenith established a strong land position with tenements covering ~75 strike km of prospective stratigraphy, subsequently extended to ~130km with the recently acquisition of Rio Tinto’s Earaheedy tenements. Zenith’s priority target is high-grade (>40% Mn) manganese oxide formed by weathering or supergene upgrade of primary carbonate manganese.

Zenith completed the first ever drilling for manganese in the western Earaheedy in late 2010 at the Lockeridge prospect, intersecting a shallow dipping bed of manganese mineralisation extending from surface to 1.2km down dip. Better results from Lockeridge include 12m @ 11.1% Mn from 28m depth, and 3m @ 18.0% Mn from 37m depth. Subsequent drilling returned thick zones of manganese oxide at the Black and Blue prospect; 31m @ 7.9% Mn from surface, incl. 2m @ 17.1 %Mn, 1m @ 22% & 3m @ 14.3 %Mn.

The first DSO grade Mn drill intersections recorded in the Earaheedy Basin were reported by Zenith in 2012 at the Red Lake prospect. Drilling results include; 3m @ 41% Mn (within 5m @ 34.8% Mn from 22m depth), and 3 metres @ 34.8% Mn from 19 metres (ZLRC057), including 1m @ 42.3% Mn.

A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade. The resource estimate encompasses a faultbounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.

Red Lake Mn Mineral Resource estimate

A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade.The resource estimate encompasses a fault- bounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.	A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade.The resource estimate encompasses a fault- bounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.	A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade.The resource estimate encompasses a fault- bounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.	A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade.The resource estimate encompasses a fault- bounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.	A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade.The resource estimate encompasses a fault- bounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.	A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade.The resource estimate encompasses a fault- bounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.	A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade.The resource estimate encompasses a fault- bounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.	A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade.The resource estimate encompasses a fault- bounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.	A maiden resource estimate for the Red Lake prospect was reported to the ASX on 9 April 2013. The tonnage/grade estimates are tabulated below at both a 5% and a 10% Mn cut-off grade.The resource estimate encompasses a fault- bounded sub-horizontal manganese oxide horizon with a lateral extent of ~400 metres by 300 metres, up to 4 metres in true thickness.
Red Lake Mn Mineral Resource estimate
Classification	Reporting Cut-off Grade	Tonnes (Mt)	Mn %	Fe %	Si %	Al2O3 %	P %	S %
Inferred	5 % Mn	1.6	15.7	21	23.1	9.8	0.25	0.11
Inferred	10% Mn	1.2	19.0	19.1	20.8	9.4	0.26	0.13
Note:The CSA Mineral Resource was estimated within constraining wireframe solids based on the specified nominal lower cut-off grade for Mn. The Mineral Resource is quoted from all blocks above the specified Mn cut-off grade %. Differences may occur due to rounding.

Zenith’s priority target in the Earaheedy Basin is high-grade near surface direct shipping (DSO) manganese. In addition to the high-grade DSO manganese intersected in Zenith drilling to date, screening and metallurgical testwork by Zenith shows potential to significantly upgrade the lower grade manganese horizons and further testwork is planned on coarser sample sizes that will better represent manganese material that may be mined.

The Earaheedy project also includes a 30 km long zone of carbonate-hosted zinc (Zn) and lead (Pb) mineralisation in the Yelma Formation at the base of the Earaheedy Basin stratigraphy. Broadly spaced drilling by RGC Exploration from 1992 to 1996 defined several prospects containing drill intersections of oxidised and primary Zn-Pb mineralisation, including;

• Navajoh: 7.3 m @ 6.1 % Zn, 0.77% Pb (incl. 3.3 m @ 11.2% Zn, and 0.93% Pb)

• Magazine: 5 m @ 5.6% Zn +Pb (incl. 2 m @ 8.2% Zn, 2.8% Pb)

• Chinook: 6 metres @ 3.63% Pb +Zn.

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The information in this report that relates to Exploration Results is based on information compiled by Mr Michael Clifford, who is a Member of the Australian Institute of Geoscientists Mr Clifford 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'. Mr Clifford consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information relating to the Cazaly Resources Blue Cliffs drilling results was prepared and first disclosed to ASX on 27 July 2012 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. The Company has advised that it is not aware of any new information or data that materially affects the information included in the 27 July 2012 market announcement, and that all material assumptions and technical parameters underpinning the Exploration results in the 27 July 2012 market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

The information in this Report that relates to in-situ Mineral Resources at Zenith Minerals Limited’s Red Lake project is extracted from the 9 April 2013 ASX release entitled "Maiden Manganese Resource Estimate for Earaheedy Project" which is available to view on the Zenith Minerals website (www.zenithminerals.com.au). The Mineral Resource estimate was prepared and first disclosed under the JORC Code 2004, and is based on information compiled by Grant Louw an employee of CSA Global. Grant Louw takes overall responsibility for the Mineral Resource estimate. He is a Member of the Australian Institute of Geoscientists and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a Competent Person in terms of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2004 and 2012 Editions). Mr Louw consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This information was prepared and first disclosed to ASX on 9 April 2012 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. The Company has advised that it is not aware of any new information or data that materially affects the information included in the 9 April 2013 market announcement, and that all material assumptions and technical parameters underpinning the Mineral Resource estimate in the 9 April 2013 market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Zenith Minerals Limited

6[th] August 2014

For further information contact; Directors Michael Clifford or Mike Joyce

Phone 08 9226 1110

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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 (e.g. 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. _	Samples were collected by hand, at the surface, from in-situ outcrops. These samples are believed to be representative of the global outcrop.
	Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.	Grab samples are believed to be representative of the outcrops they come from.
	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 (e.g. ‘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 (e.g. submarine nodules) may warrant disclosure of detailed information.	1-2kg rock samples were collected by a geologist, samples were generally broken using a hammer from outcropping Mn mineralisation. Rock samples were crushed in the laboratory and then pulverised before analysis.
Drilling techniques	Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. 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.). _	No Drilling
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed.	No Drilling

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	Measures taken to maximise sample recovery and ensure representative nature of the samples.	No Drilling
	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.	No Drilling
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.	Rock samples were geologically described
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.	Each sample was described in details and photographed.
	The total length and percentage of the relevant intersections logged.	No Drilling
Sub-sampling	If core, whether cut or sawn and whetherquarter, half or all core taken.	No Drilling
	If non-core, whether riffled, tube sampled, rotary split, etc. and whether _sampled wet or dry. _	No Drilling
	For all sample types, the nature, quality and appropriateness of the sample preparation technique.	Samples were sent to SGS Perth. Specific Gravity (SG) was measured by immersion technique, then the samples were crushed. and assayed by X-Ray Fluorescence. Resulting pulp samples were tested by pycnometreforadditionalSG testing.
techniques and sample preparation	Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.	Two manganese carbonate standards were included in the sample batch sent to the laboratory.
Sub-sampling techniques and sample rearation -	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.	Sampling was selective and based on geological observations, second-half samples were re- analysed for ~50% of the samples.
pp continued	Whether sample sizes are appropriate to the grain size of the material being sampled.	Each sample was500g to 2kg in weight which is appropriate to test for manganese

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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.	Specific Gravity (SG) was first measured by immersion technique, then the samples were crushed and assayed by X-Ray Fluorescence (whole rock). Resulting pulp samples were tested by pycnometreforadditionalSG testing.
	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 theirderivation, etc. _	No geophysical handheld tools used
	Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	Two standards were included in the sample batch
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	Two company personnel have observed the assayed sample
	The use of twinned holes.	No drilling
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	Field data were all recorded on hardcopies and then entered into a database
	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.	Sample coordinates were recorded using a handheld GPS
	Specification of thegrid system used.	Thegrid system used was MGA94 Zone 51
Location of data points - continued	Quality and adequacy of topographic control.	Topography control is limited for these samples, as elevation data from GPS are unreliable
Data spacing and distribution	Data spacing for reporting of Exploration Results.	Samples were taken on different prospects which can be up to 140km apart across the Earaheedy Basin. Several samples were taken in each prospect
	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. _	These data alone will not be used to estimate mineral resource or ore reserve
	Whether sample compositing has been applied.	No compositing applied

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Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	Samples were taken randomly
	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.	No drilling
Sample security	The measures taken to ensure sample security.	Samples were kept in numbered bags until delivered to the laboratory
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	Sampling techniques are consistent with industry standards

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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.	The Earaheedy Project is located within the 100% Zenith owned exploration licences E69/1771, E69/1907, E69/2255, E69/2256, E69/2257, E69/2657, E69/2733, E69/2734, E69/2735, E69/2736, E69/2737, and tenement application E69/3272.Zenith has signed a heritage agreement with the Gingirana people whose Native Title claim WAD6002/03 covers E69/2734 and E69/2735. Zenith has signed heritage agreements with the Wiluna People whose Native Title claim WAD6164/98 covers tenement E69/1771, E69/1907 E69/2733 E69/2736 and E69/2737. E69/2657 is covered by Wiluna Native Title Claim WAD6164_98. There are 2 registered heritage sites within the tenement.The project is located within the Cunyu,Granit Peak and Earaheedy Pastoral Leases.
	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.	All tenements are 100% held by Zenith and are in good standing with no known impediment to future granting of a mining lease. E69/3272 is under application.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	The tenements have not been explored for Mn in the past, although anomalous Mn values were returned in RC drilling during base metal exploration by RGC.
Geology	Deposit type, geological setting and style of mineralisation.	The project comprises stratiform manganese oxide derived from weathering of a manganiferous carbonate sediment in a sabkha environment, or from replacement/infill of a permeable sediment during a hydrothermal event, or possibly a combination of both. There appears to be a structural influence on the location of some deposits
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 and the detail is not relevant for reporting of Mineral Resources
	o easting and northing of the drill _hole collar _
	o elevation or RL (Reduced Level – elevation above sea level in _metres) of the drill hole collar _
	o dip and azimuth of the hole
	o down hole length and _interception depth _
	o hole length.

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	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	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material _and should be stated. _	N/A
aggregation methods	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.	N/A
Data aggregation methods - continued	The assumptions used for any reporting of metal equivalent values should be clearly stated.	N/A
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration _Results. _	N/A
	If the geometry of the mineralisation with respect to the drill hole angle is known, _its nature should be reported. _	N/A
	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 _hole length, true width not known’). _	N/A
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.	N/A
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.	Surface sampling and mapping were completed over different field campaigns by Zenith Minerals. Manganese oxide outcrops were the starting point to drilling at Red Lake. A regional aeromagnetic survey was completed in 2007. Faults surrounding the Red Lake Prospect were interpreted from this survey. Basic dry screening sighter tests were completed at Red Lake and suggest a good potential for upgrading of Mn mineralisation. Some lead values close to the detection limit of XRF analysis were obtained. Metallurgical

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		characterisation of Red Lake samples is underway to define if these could be an issue.
Fh k	The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).	Metallurgical characterization of the Mn ore is planned. Collection of bulk samples is proposed for further metallurgical tests. Drilling of prospective areas in the region is proposed to increase resource tonnage. Consolidation of tenement holdingsis planned.
urter wor	Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	Refer to diagrams in body of text