[PDF] - 2017 NOTE Present Project : Prospecting Rights still held or applied PDF Document

SLIDE 1

2017

SLIDE 2

NOTE

Present Project: Prospecting Rights still held or applied for. Historic Project: This refers to the areas and work completed on the entire Project from day one.

Introduction

The historic target area covered a large area held under six (6) different Prospecting Rights which were applied for sequentially as more information on the deposit became available (Historic Project). The obtaining of such a large area was necessary as there are often large variations in the nature and potential of these alluvial deposits. Some drilling was done on most of these Prospecting Right areas (areas consist of one to several farms with different land owners) and the areas of higher potential were kept (Documented under the heading Present Project). It is necessary to include the results of the work done on the Historic Project, which includes the three (3) Rights held at present, as the work done outside the Present Project speaks to the potential of the Present Project and because the major portion of the test mining was done on the farm Zamenkomst (outside Present Project). On Zamenkomst only a small portion of the good gravel was preserved and mined out (Prospecting Right terminated). At the time, when this test mining was carried out, no

ther Prospecting Rights were available and the contractors moved

else ware. It is important to note that all Test Mining was carried

ut with no cost to the “Company” (Contractors sold the Diamonds

for their account and only the data and results of the Test Mining was retained by the “Company”). The only costs carried by the “Company” was Drilling and Salaries. To make it easier for the reader to understand the presentation, an attempt will be made to split it, where possible, into:

SLIDE 3

Present and Historic Project

Summary of the Harts River Project

The Harts River Project comprises of a contiguous block of farms situated in the Northern Cape of South Africa between Vryburg and Taung, known as the Brussels Block. At present license covers 4257.8249 hectare (42.6 square kilometers) (Present Project). The Present Project Area lies approximately 20 km south of Vryburg and stretches for approximately 10 km from northeast to southwest and deposit varies in width between 600 and 2000 meters and in thickness between 1 and 5 meters. The Present Project Area comprises four farms, or portions there of, and form a contiguous block from Zwartkrans Por. 0 in the northeast to Uitenhage Por 3 in the southwest (Present Project). The deposit (Historic and Present Project) has good potential as it yields large diamonds of very good quality and the largest stones recovered to date were 60.21, 24.29, 19,73 and 16.65 carats respectively and the highest price obtained was US$ 9469.44 (per carat) for the 24.29 carat stone (US$ 230012.69 for single stone at 2006/2007 prices, Carat prices have since risen by 20% or more). % of Stones Larger than 5 Carat - 32 % - Calcrete Gravel (Historic Project) % of Stones Larger than 5 Carat - 25 % - Calcrete Gravel (Historic Project) % of Stones Larger than 10 Carat - 19 % - Calcrete Gravel (Historic Project)

Potentially 35 km palaeo-river gravel deposit, with large
diamonds. – 1,500 to >10 000 US$/carat (Present Project

represents +-10 km of this distance and represents best portion of this Historic Project area.)

SLIDE 4

1,200 carats recovered from Bulk Sampling in 2006/2007

(Historic Project Zamenkomst only) Sold for 1,050 US$/carat average(Historic Project Zamenkomst

nly). As these are 2006/2007 prices and the $ price per carat

has increased substantially since then, it would not be unrealistic to put the present price average price at 1,250 US$/carat. Best priced for a parcel 1,942 US$/carat (Historic Project Zamenkomst only)

Expanding resource base further through exploration.
Other large drainage systems with good potential are

developed in close proximity to the Project Area.

There is a high potential for finding larger, high value stones.
Only 10 km of the original Historic Project (35 km) is included

in the present Brussels Project Area.

>213 542 m3 gravel has been treated (> 491 147 tons) in bulk

sampling ( Historic and Present Project Areas).

Gravel treated with 3 x 14’ rotisserie pans, 30 tons/hour each,

DMS and flow-sort recovery of diamonds from pan concentrates.

The present Project Resource indicates 187 233.62 carats of

diamonds at US$ 1000+ /carat. This indicates an in-situ value

f US$ 187 233 620 at a grade of 0.30 cpht.

These are historic prices and with new elevated prices the in- situ value could be 20% higher (US$ 224 680 344).

Bulk sampling carried out by small scale contractors.

Test mining to be continued in near future on Present Project areas LOCALITY The Project is situated approximately 20 kilometers due south of Vryburg in the Northern Cape and straddles the Vryburg/Taung regional tar road (R49).

SLIDE 5

INFRASTRUCTURE The Eskom grid is well developed throughout the project area and sidelines from the main grid supply all farms. Water is abundant in the area from drill holes and the waterlogged Spruit Gravels. In addition to this the Taung/Vryburg water pipeline, which supplies Vryburg with water from the Vaal Harts irrigation scheme, passes through the center of the project area and permission has already been granted by the local authorities to purchase and pump water from the line.

PRESENT PROJECT

Drilling Completed A total of 415 percussion drill holes have been completed at four (4) localities Gamabot Por’s 2 (Fig 3) & 3 (Fig 4), Zwartkrans Por 0 (Fig 5) and Uitenhage Por 3 (Fig 6). Ore Resources

Table 1

PRESENT PROJECT ORE RESOURCES (Including ground applied for)

DRILLED METRIC TONNES (All gravel types)

Gamabot Por. 2 2789687 Gamabot Por. 3 46300048 Uitenhage Por 3 4982877 Zwartkrans Por 0 13321472

TOTAL TONNES (Drilled) 67394084

SLIDE 6

PRESENT PROJECT Table 2

PRESENT PROJECT ORE RESOURCES TONNAGES IMMEDIATLY AVAILABLE FOR MINING (Prospecting Rights Granted)

FARM METRIC TONNES (All gravel types)

Gamabot Por. 3 46300048

TOTAL TONNES (Drilled) 46300048

Table 3

FARMS APPLIED FOR, TONNAGES THAT WILL BECOME AVAILABLE ON GRANTING OF RIGHTS

FARM METRIC TONNES (All gravel types)

Zwartkrans Por 0 13321472 Gamabot Por. 2 2789687 Uitenhage Por 3 4982877

TOTAL TONNES (Drilled) 21094036

Test Mining Results

Table 4

PRESENT PROJECT TEST MINING AND SALES RESULTS (Including farms applied for)

TEST MINED Metric Tonnes Treated Total Carats Recovered Grade cpht Average US$/CARAT Comments Gamabot Por 2 11886 30.71 0.26 816.09 Test Mining carried out correctly Gamabot Por 3 11988 39.09 0.33 Assumed +-800 Poorly Test Mined with very little

control. Results of Test Mining

Sales never received but Grade (cpht) information good Zwartkrans Por 4991 15.8 0.32 Assumed +-800 Poorly Test Mined with very little

control. Results of Test Mining

Sales never received but Grade (cpht) information good

TOTALS 28865 85.60 0.30

Prices for these parcels were US$ 800.00 (Historic Prices). It should however be kept in mind that tonnages tested were small (see Table above ) and largest single stone was 5 carats. A lot more tonnages will have to be tested to get a realistic US$ average price.

SLIDE 7

PRESENT PROJECT

Legal Status

Table 5

TABLE OF PRESENT PROSPECTING RIGHTS STATUS

PROSPECTING RIGHT STATUS ACTION TAKEN Gamabot Por 2 New application Existing Prospecting Right is being cancelled and new Application for Prospecting Right will be lodged immediately after old Right has been cancelled Gamabot Por 3 Existing Prospecting Right Application for an extension of the existing Prospecting Right has been granted by the DMR Zwartkrans Por 0 New application A new Application for a Prospecting Right has been accepted by the DMR and is being processed Uitenhage Por 3 New application Existing Prospecting Right is being cancelled and new Application for Prospecting Right will be lodged immediately after old Right has been cancelled

SLIDE 8

PRESENT PROJECT

Regional Map showing areas included in the Present Project area relative to the Historic Project Area. Areas with bold borders and that are coloured in blue

33000
28000
23000
18000
13000
8000
3000

L an g e- R an d 821 H N P o r. 10

1620. 5275h a

M i d d el ran d 820 H N P o r. 10

892. 8879h a

M i d d e l r a n d 8 2 H N P

r

. 6 1 3 1 . 5 8 2 4 h a M i ddel rand 820 H N P

r. 11
16. 9277ha

M i ddel rand 820 H N P

r. 4
29. 4751ha

M i d d el ran d 820 H N P o r. 9

98. 3679h a

Z amen ko mst 819 H N P o r. 5

171. 3064h a

Z amen ko mst 819 H N P o r. 8

171. 3091h a

Z amen ko mst 819 H N P o r. 9

102. 7838h a

Z amen ko mst 819 H N P o r. 7

110. 5819h a

V erst ers D w aal 818 H N P o r. 4

343. 4693h a

V erst ers D w aal 818 H N P o r. 3

171. 3064h a

V erst ers D w aal 818 H N P o r. 1

856. 5332h a

U i t en h ag e 826 H N P o r. 3

310. 0889h a

U i t en h ag e 826 H N P o r. 5

197. 4363h a

U i t en h ag e 826 H N P o r. 0 ( R em. )

1820. 1748h a

U i t en h ag e 826 H N P o r. 2

513. 9192h a

Z amen ko mst 819 H N P o r. 1 V erst ers D w aal 818 H N P o r. 0 Z a m e n k

m

s t P

r

. 1 a n d V e r s t e r s D w a a l P

r

. = 2 2 4 1 . 8 9 2 G amab o t 733 H N P o r. 2

707. 6339h a

C h ami o n skl o o f 731 H N P o r. 3

428. 2647h a

C h ami o n skl o o f 731 H N P o r. 7

23. 7483h a

C h ami o n skl o o f 731 H N P o r. 6

342. 6090h a

G amab o t 733 H N P o r. 3

1005. 4543h a

Z w art kran s 732 H N P o r 0

2544. 7367h a

L o ckerb i e 727 H N P o r. 2

471. 1097h a

L o ckerb i e 727 H N P o r. 12

21. 4990h a

L o ckerb i e 727 H N P o r. 4

394. 8784h a

L o ckerb i e 727 H N P o r. 6

239. 7381h a

L o ckerb i e 727 H N P o r. 3

188. 5407h a

L o ckerb i e 727 H N P o r. 5

513. 9406h a

S w eet H o me 726 H N P o r. 2

685. 2342h a

K areeb o o mf o n t ei n 725 H N P o r. 0

557. 3054h a

K areeb o o mf o n t ei n 725 H N P o r. 3

61. 2606h a

B l aau b o sch ku i l 835 H N P o r. 0 ( R em)

320. 6671h a

B l aau b o sch ku i l 835 H N P o r. 9

171. 3064h a

B l aau b o sch ku i l 835 H N P o r. 8

513. 9363h a

B l aau b o sch ku i l 835 H N P o r. 10

171. 3064h a

B l aau b o sch ku i l 835 H N P o r. 5

342. 6128h a

B l aau b o sch ku i l 835 H N P o r. 3

390. 6571h a

B l aau b o sch ku i l 835 H N P o r. 1

466. 4074h a

Sw e etH om e 72 6H N Po r . 4 42 8. 2 669 ha S w eet H o me 726 H N P o r. 3

856. 7219h a

L o ckerb i e 727 H N P o r. 0 ( R em)

428. 2660h a

L o ckern i e 727 H N P o r. 7

479. 6979h a

L o ckerb i e 727 H N P o r. 8

46. 4318h a

L o ckerb i e 727 H N P o r. 10

46. 4318h a

L o ckerb i e 727 H N P o r. 1

720. 1129h a

DRILLED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Gamabot Por 2 7772564 3379376 1588611 722096 DRILLED TOTALS 7,772,563 3379375 1,588,611 722096

SUMMARY GRAVEL TONNAGES

CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL

DR ILLED

Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Gamabot Por 3 42086521 18298487 4176901 1898592 4213527 1915240

DR ILLED TOTALS 42,086,521 18298487 4,176,901 1898592 4,213,527 1915240

SU M M ARY GRAVEL T O N N AGE S

CALCR ETE GR A VEL SPR UIT GR A VEL R OOIKOPPIE GR A VEL DRILLED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Zwartkrans Por 0 12574781 5467296 Not Drilled Not Drilled 746691 339405 DRILLED TOTALS 12,574,781 5467296 746,691 339405 CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL

DRILLED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Zamenkomst 5941657 2583329 47123213 21419624 Gamabot & Uitenhage 7772564 3379376 1588611 722096 Zwartkrans 12574781 5467296 Not Drilled Not Drilled 746691 339405 Lockerbie Por 1 13546969 5889987 Not Drilled Not Drilled 989942 449974 Gamabot Por 3 42086521 18298487 4176901 1898592 4213527 1915240 Sweet Home Por 3 2262992 983909 Versters Dwaal Por 1 5120228 2226186.143 DRILLED TOTALS 89305712 38828570 52888725 24040311 5950160 2704618 POSTULATED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m POSTULATED & DRILLED - TOTALS 173785925 75559098 180719183 82145065 15000000 6818182

SUMMARY GRAVEL TONNAGES

CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL CALCRETE GRAVEL SG = 2.3 SPRUIT GRAVEL SG = 2.2 ROOIKOPPIE GRAVEL SG =2.2

BRUSSELS PROJECT

MAP OF EXPLORATION STATUS OF BRUSSELS PROJECT NOVEMBER 2010

Brussels S

uth Farm Boundaries

LEGEND

Zamenkomst & V ersters Dwaal Farm Boundaries Brussels North Farm Boundaries Gamabot P

r 3 Farm Boundaries

Zwartkrans P

r 0 Farm Boundaries

S weet Home P roj Farm Boundaries Calcrete Gravel Outline - Drilled Calcrete Gravel Outline - P

stulated

S pruit Gravel Outline - Regionally Drilled S pruit Gravel Outline - P

stulated

P ercussion Drill Hole with Calcrete Gravel P ercussion Drill Hole with S pruit Gravel Test M ining P its (colour coded for grade) P ercussion Drill Hole with No Gravel

Scale :50 000

Co-ordinates in Cape LO

Fig 1

TEST AREA 1 Zamenkomst Por 1 TEST AREA 2 Gamabot Por 2 TEST AREA 3 Gamabot Por 3 TEST AREA 4 Zwartkrans Por 0

TOTAL HISTORIC PROJECT HELD UNDER SIX (6) PROSPECTING RIGHTS

ORIGINAL PROJECT TOTAL TONNAGES FROM DRILLING

SLIDE 9

PRESENT PROJECT

Detailed Map of Test Area 2, Gamabot Por. 2 (Application in progress)

Gambot 733 HN Por 2 (Burton) 707.6339 ha

28000
26000
24000

Interpreted outline of Young Channel Gravel Interpreted outline of Deep Channel Gravel Interpreted outline of Shallow Calcrete Gravel

LEGEND

GAMABOT Por. 2

BRUSSELS PROJECT

Scale 1:10 000

MAP SHOWING PERCUSSION DRILLING RESULTS AND INTERPRETATION OF GRAVEL DEVELOPMENT

Percussion Drill Hole (Number above - Gravel thickness: below right - Gravel floor below surface: bottom left) B12 3.5 6.5

Fig 3

GAMABOT Por. 2 FARM MAP - TEST AREA 2 SHOWING GRAVEL INTERPRETATION, PERCUSSION DRILLING AND TEST MINING

DRILLED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Gamabot Por 2 7772564 3379376 1588611 722096 DRILLED TOTALS 7,772,563 3,379,375 1,588,611 722096

SUMMARY GRAVEL TONNAGES

CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL

New Application for Prospecting Right is in Progress

B44 1 .0 3 .0 B42 B 4 3 2.5 0.5 8.0 8.0 B39 B40 B41 6.5 4.5 2.5 9.0 >8.0 9.5 B 3 2 B33 B34 5.0 2.0 1.0 9.0 7.5 8.5 B35 B38 B36 B37 0.5 1.0 8.5 3.0 B2 4 B25 B26 2.5 0.5 4.5 6.0 7.0 7.0 B27 B2 8 B29 B 3 0 B31 B45 B 4 6 B47 B4 8 2.5 4.0 2.5 4.5 5.0 3.0 5.5 3. 8.0 6.5 9.5 6.5 8.5 6.0 6.5 8. B B21 B 2 2 B23 2.5 1.5 3.0 >2.5 8.5 7.0 2 0 1.0 4.5 B 1 3 B14a B15 B1 6 B17 B18 B19 4. 5 4.5 3.0 1.5 4. 5 13 .5 11.0 5.5 3.5 7.

Pit 1

Pit 2 Pit 4 Pit 3

,

SLIDE 10

PRESENT PROJECT

Detailed Map of Test Area 3, Gamabot Por. 3 (Prospecting Right granted)

Application for Extension

f existing Prospecting

Right granted by DMR

SLIDE 11

PRESENT PROJECT

Detailed Map of Test Area 5, Zwartkrans Por. 0 (Application in progress)

FENCE

9 .5 3. 5 9 .5 10 .0 5 .5 9.5 6 .5 7 .5 6 .5 7.0 5.0 7. 5.5 5 .5 6. 6.5 2. 7 .0 6 .0 1.5 5. 6.0 8.0 5 .0 8 .0 3.0 3.0 .0 3 .5 2. 3.0 7 .0 5. 4 .0 3 .0 4 .5 7 .0 6.0 5 .0 4.5 6.0 4 .5 5.5 6.0 7 .5 2 .5 2 .0 1 .0 1 .5 7. 5 5 .5 6 .5 5.0 4.5 4 .0 6 .5 4 .0 2. 2.0 3 .5 8. 5 4. 5 6 .0 3 .0 4.0 3.0 6.5 5 .5 6.5 3.0 7 .0 3.0 6 .5 5.0 5.5 4.0 6 .5 5 .5 6 .5 6.5 3. 5 6 .0 4 .0 2 .5 6. .0 3.0 2 .5 3 .5 6. 7 .0 6 .5 3. 8.5 8. 5 1 .5 4 .5 5 .0 6. 5 0.5 4 .0 3 .5 4 .5 4 .0 3 .5 6 .0 1 .0 1.0 2 .5 4. 5 5 .0 7 .0 7.0 6. 4.5 4 .0 6 .5 1.5 6 .0 7 .0 9.5 8. 9.5 7 .0 7. 7.5 7.5 2. 6 .5 3.5 3 .0 6.0 2 .5 4.5 2 .0 2 .0 2 .0 3.5 5 .5 4. .5 1 .0 1.0 1 .0 1 . 5 0 2 . 0 0 2 . 5 0 3 . 0 0 2 . 0 0 3 . 5 0 2 . 0 0 0 . 5 0 1 . 0 0 2 . 0 0 2 . 5 0 3 . 0 0 4 . 0 0 6 . 5 0 7 . 5 0 0 . 5 0 1 . 5 0 4 . 5 0 4 . 5 0 11 . 0 0 8 . 5 0 6 . 0 0 5 . 0 0 2 . 0 0 0 . 5 0 1 . 5 0 0 . 5 0 4 . 0 0 1 . 0 0 3 . 0 0 0 . 5 0 4 . 0 0 4 . 5 0 5 . 5 0 4 . 0 0 1 . 2 5 2 . 7 5 1 . 0 0 1 . 5 0 0 . 5 0 1 . 5 0 5 . 0 0 1 . 5 0 1 . 0 0 0 . 5 0 2 . 0 0 1 . 5 0 3 . 0 0 3 . 0 0 1 . 0 0 2 . 0 0 1 . 5 0 4 . 5 0 2 . 0 0 3 . 0 0 0 . 5 0 1 . 0 0 1 . 5 0 1 . 0 0 0 . 5 0 1 . 5 0 6 . 5 0 4 . 5 0 8 . 0 0 6 . 5 0 1 . 5 0 2 . 5 0 4 . 0 0 3 . 5 0 1 0 . 0 0 5 . 5 0 1 . 0 0 0 . 5 0 5 . 5 0 6 . 0 0 5 . 5 0 2 . 5 0 4 . 0 0 6 . 0 0 0 . 5 0 3 . 2 5 1 . 0 0 4 . 5 0 2 . 5 0 1 . 5 0 4 . 0 0 4 . 0 0 2 . 0 0 0 . 7 5 2 . 5 0 1 . 5 0 0 . 5 0 2 . 5 0 3 . 5 0 2 . 0 0 3 . 0 0 1 . 5 0 0 . 5 0 1 . 5 0 3 . 0 0 1 . 0 0 2 . 5 0 0 . 5 0 0 . 5 0 2 . 5 0 0 . 5 0 2 . 5 0 0 . 5 0 3 . 0 0 3 . 5 0 3 . 0 0 3 . 0 0 1 . 5 0 3 . 5 0 2 . 7 5 2 . 0 0 2 . 5 0 2 . 5 0 6 . 0 0 5 . 0 0 5 . 0 0 4 . 0 0 2 . 0 0 1 . 5 0 8 . 0 0 6 . 5 0 5 . 5 0 3 . 7 5 1 . 0 0 1 . 5 0 0 . 5 0 0 . 5 0 0 . 5 0 1 . 0 0 4 . 5 0 0 . 5 0 2 . 0 0 1 . 5 0 1 . 5 0 1 . 7 5 2 . 5 0 1 . 5 0 1 . 0 0 2 . 5 0 ZK 1 ZK2 ZK 3 ZK 4 ZK5 ZK 6 ZK7 ZK8 ZK 9 ZK 10 ZK11 ZK 12 ZK 13 ZK 14 ZK 15 ZK 16 ZK 17 ZK 18 ZK1 9 ZK 20 ZK 21 ZK 22 ZK 23 ZK 24 ZK25 ZK26 ZK 27 ZK 28 ZK 29 ZK 30 ZK 31 ZK32 ZK33 ZK 34 ZK 35 ZK3 6 ZK 37 ZK 38 ZK39 ZK 40 ZK 41 ZK 42 ZK 43 ZK44 ZK 45 ZK 46 ZK4 7 ZK48 ZK49 ZK 50 ZK 51 ZK52 ZK 53 ZK54 ZK 55 ZK 56 ZK5 7 ZK 58 ZK 59 ZK 60 ZK61 ZK62 ZK 63 ZK64 ZK65 ZK66 ZK67 ZK 68 ZK69 ZK70 ZK 71 ZK 72 ZK73 ZK 74 ZK 75 ZK 76 ZK77 ZK7 8 ZK79 ZK 80 ZK 81 ZK 82 ZK83 ZK 84 ZK85 ZK 86 ZK87 ZK 88 ZK 89 ZK90 ZK91 ZK92 ZK 93 ZK94 ZK9 5 ZK 96 ZK 97 ZK 98 ZK 99 ZK 100 ZK 101 ZK1 02 ZK1 03 ZK 104 ZK105 ZK10 6 ZK 107 ZK 108 ZK 109 ZK 110 ZK 111 ZK 112 ZK 113 ZK 114 ZK 115 ZK 116 ZK 117 ZK 118 ZK119 ZK120 ZK121 ZK122 ZK 123 ZK 124 ZK 125 ZK 126 ZK 127 ZK12 8 ZK 129 ZK 130 ZK131 ZK132 ZK 133 ZK13 4 ZK135 ZK 136 ZK 137 ZK138 ZK 139 ZK140 ZK141 ZK1 42 ZK 143 ZK1 44 ZK145 ZK 146 ZK 147 ZK148 ZK149 ZK1 50 ZK 151 ZK 152 ZK 153 ZK154 ZK 155 ZK 156 ZK157 ZK 158 ZK159 ZK 160 ZK 161 ZK162 ZK 163 ZK 164 ZK 165 ZK 166 ZK 167 ZK 168 ZK 169 ZK170 ZK171 ZK 172 ZK 173 ZK 174 ZK175 ZK 176 ZK 177 ZK 178 ZK 179 ZK 180 ZK 181 ZK 182 ZK 183 ZK 184 ZK 185 ZK 186 ZK 187 ZK18 8 ZK 189 ZK 190 ZK 191 ZK 192 ZK 193 ZK1 94 ZK 195 ZK 196 ZK 197 ZK 198 ZK199 ZK20 ZK 201 ZK 202 ZK 203 ZK 204 ZK 205 ZK 206 ZK 207 ZK 208 ZK 209 ZK 210 ZK 211 ZK 212 ZK 213 ZK214 ZK 215 ZK216 ZK217 ZK 218 ZK 219 ZK220 ZK 221 ZK22 2 ZK2 23 ZK224 ZK 225 ZK226 ZK 227 ZK22 8 ZK229 ZK230 ZK231 ZK 232 ZK233

22500
22000
21500
21000
20500
20000
19500
19000

3.50 3.50 0.00 2.00 0.50 0.50 3.50 1.00 3.50 0.50 1.50 0.25

22500
22000
21500
21000
20500
20000
19500
19000

Pit 1 Water Hole Pit 2 Pit 3 Pit 4 Pit 5

BRUSSELS NORTH PROJECT

ZWARTKRANS Por. 0

LEGEND MAP SHOWING PERCUSSION DRILLING RESULTS AND GRAVEL INTERPRETATION

Edge of Quartzite Scree Gravel Terrace (underlain by Shale) Edge of Calcrete Terrace Hole with No Gravel, Number (above) Spruit Gravel Hole with Number (above) and Gravel Thickness (below) Calcrete Gravel Hole with Number (above) and Gravel Thickness (below) Green Spruit Gravel Calcrete Gravel Scale 1:10 000

Fig 5 ZWARTKRANS Por. 0 FARM MAP - TEST AREA 4 SHOWING GRAVEL INTERPRETATION, PERCUSSION DRILLING AND TEST MINING

DRILLED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Zwartkrans Por 0 12574781 5467296 Not Drilled Not Drilled 746691 339405 DRILLED TOTALS 12,574,781 5,467,296 746,691 339,405

SUMMARY GRAVEL TONNAGES

CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL

Previous Prospecting Right

cancelled. New Application

for a Prospecting Right has been lodged and accepted by the DMR

SLIDE 12

PRESENT PROJECT

Detailed Map of Drilled Only Area, Uitenhage Por 3 (Application in progress)

Uitenhage 826 HN Por 3 310.0889 ha

28000
26000
24000
3006000
3004000

B 1 B2 B3 B5 B6 B7 B8 B9 B10 B11 B 1 2 B4

1.5 1.5 1.0 6.5 1.0 3.0 2.0 3.5 > 3.5 4.0 1.5 6.0 5.0 2.0 10.0 9.0 4.0 6.5 13.0 >1 3.0 6.5 3.5

Interpreted outline of Gravel Outline

LEGEND

UITENHAGE Por. 3

BRUSSELS PROJECT

Scale 1:10 000

MAP SHOWING PERCUSSION DRILLING RESULTS AND INTERPRETATION OF GRAVEL DEVELOPMENT

Percussion Drill Hole (Number above - Gravel thickness: below right - Gravel floor below surface: bottom left) B12 3.5 6.5

UITENHAGE Por 3 FARM MAP - DRILLED ONLY AREA SHOWING GRAVEL INTERPRETATION AND PERCUSSION DRILLING

New Application for Prospecting Right is in progress

Fig 6

SLIDE 13

HISTORIC PROJECT

SUMMARY The original total project incorporates 23 399 ha of ground and the potential gravel development has a continuous strike length of 35 kilometers (Fig 1) and drilled and postulated gravel tonnages and volumes are set out in the table below: TABLE OF GRAVEL TONNAGES AND VOLUMES A total of 954 percussion drill holes have been completed at nine (9) localities (farms) and samples have been bagged for the Zwartkrans and Lockerbie drilling. A total of 8265 meters has been drilled to date. Test mining has been carried out on four farms namely Zamenkomst Portion 1 and Gamabot Portion 2, Gamabot Portion 3 and Zwartkrans Portion 0 (Fig 1).

SLIDE 14

HISTORIC PROJECT

TABLE OF TONNES/VOLUMES TREATED AND GRADE The best prices obtained for a single parcel was US$ 1941.97 for 178.33 carats and US$ 1899.03 for a parcel of 185.50 carats.

HISTORIC PROJECT SUMMARY TABLE DIAMOND SALES,PRODUCTION AND GRADE DIAMOND SALES

FARM CARATS TOTAL SALES US$ AVERAGE US$/CARAT (OLD 2006 PRICES) BEST PRICE US$ FOR A PARCEL (OLD PRICES) Zamenkomst 1183.31 1148728.1 1049.81 178.33 carats @US$ 1941.97/carat Gamabot Por 2 33.96 27714.5 816.09 816.09 Gamabot Por 3 39.09 Not available Assumed +-800 Not available Zwartkrans Por 0 15.8 Not available Assumed +-800 Not available

PRODUCTION AND GRADE

FARM GRAVEL TONNES CARATS RECOVERED GRADE (cpht) Zamenkomst 462282.41 1183.31 0.26 Gamabot Por 2 11885.97 30.71 0.26 Gamabot Por 3 11988.08 39.09 0.33 Zwartkrans Por 0 4990.82 15.8 0.32

TOTALS 491147.3 1268.91 0.26

LEGAL STATUS The original project total area held under prospecting rights is 23 339.2390 hectare. The project is divided up into different right areas namely: Brussels South (7558.6778 ha), Brussels Zamenkomst and Versters Dwaal (2241.0892), Brussels North (1502.2559 ha), Zwartkrans (new part of Brussels North, 2544.7367 ha), Gamabot Portion 3 (new part of Brussels North, 1005.4543 ha) and Lockerbie (8487.0273 ha).

SLIDE 15

HISTORIC AND PRESENT PROJECT

EXPLORATION MODEL The main objective of the model are to postulate where viable alluvial gravel deposits is formed and more importantly, preserved. It is believed that the material forming the gravels is sourced from Dwyka and/or Younger Tillite. Most, if not all of the diamonds

riginate from the same source with the possibility of enrichment

from Kimberlites in the drainage area feeding the Losase/Dry Harts valley. The Dry Harts valley, which extends into the Losase valley to the northeast and into the Harts River Valley to the south, drains in a southerly direction. The valley is a broad (5 to 15 kilometers), flat- bottomed, steep sided feature with very few tributaries and does not conform to the pattern formed by other palaeo and present

drainages. The valley is anomalous in shape in cross section, if

compared to other major drainages such as the “Upper” Harts, Vaal and Orange Rivers. The Harts, Vaal and Orange Rivers and other Palaeo-drainages, have “V” shaped valley whereas The “Lower” Harts, Dry Harts and Losase valleys are a broad “U” shape. If the disposition and nature of the gravels along the entire valley (Brussels, Pampierstad, below Spitskop Dam) are considered, it is difficult to envisage that the valley was formed by ice and water action alone. The valley is bounded in the west by sediments and dolomites of the Griqualand West Sequence and in the east by sediments and volcanics of the Ventersdorp Sequence, both forming steep sided escarpments along the edges of the valley. It is postulated that the flat-bottomed nature and the excessive width

f the valley is due to a major pull-apart structure that exploited

the flat dipping dolomite/lava contact to accommodate a tensional lateral rift like movement. This structure was probably pre-Dwyka and was further exploited by the Dwyka and younger ice ages as

SLIDE 16

HISTORIC AND PRESENT PROJECT

well as stream action. The rapid change in gravel type from very coarse and immature in the north (Brussels) to wide spread, fine grained and fluvial, with large cross bedding and a high proportion of floor rip-up clasts, to the south (Pampierstad and further downstream), can possible be attributed to large floods caused by the breaking of ice dam walls which possibly formed across the valley and/or at entry points of side streams (e.g. at Klein Harts town, just south of Brussels Station and the Harts River to the south of the Brussels Project Area). These ice ages were probably of a younger age than the Dwyka but could also incorporate late Dwyka events. These floods were probably responsible for removing all older, possible coarse gravels, and replacing them with thick fine grained units along the southern portions of the valley, below ice dams that formed within the valley and downstream of entry points of lateral ice dams that formed in tributaries. One of the features of these tributaries is that they form wide, open valleys perpendicular to, and away from the main valley, and enter into the main valley through narrow gorge-like openings, which are ideal for the formation of Ice Dam Walls. If this principal is applied to the project area it could explain why most of the Calcrete Gravels have been replaced by younger Spruit Gravels at Zamenkomst as there is an entry point from the west just to the north (upstream) of the farm (south of Brussels Station). This could also explain why the distribution of the Spruit Gravel on Zamenkomst does not always conform to the younger stream terrace development. In areas upstream of this entry point the Spruit Gravel conforms, and is restricted to the younger stream terraces. To the north of Brussels Station no Ice Dam entry points are developed and the areas of Calcrete Gravel development appear to be unaffected by this process i.e. the Calcrete Gravel is restricted to geographically higher calcretized terraces whereas the Spruit

SLIDE 17

HISTORIC AND PRESENT PROJECT

Gravel is confined to lower terraces which conform to present day drainage patterns. The Basement to the gravel is very frequently a soft black shale which is always developed geographically, and stratigraphically, much lower than outcropping dark olive green Dwyka Tillite and Dwyka Shale. The Dwyka Tillite and Shale outcrop mostly on elevated portions of older basement rocks such as the Griqualand West or Ventersdorp, along the raised sides of the main valley (This is also a regular occurrence along the Vaal and Orange Rivers). It is postulated that this shale-type was deposited on the floor of ice dams and is much younger than the Dwyka event, and only slightly

lder than the gravel deposits.

Along the Riet River (to the south of Kimberley in the Northern Cape Province) at the Skutsekama Alluvial Gravel Deposit, a similar black shale is developed below the gravel. This Black Shale displays very well developed U shaped worm (Blood Worm like) boroughs (up to >1 meter in depth). No such wormholes are developed during the Dwyka age and small wormholes are first seen in the Ecca Group of the Karoo Sediments, which occurs much higher than the Dwyka Group in the Karoo Sequence. It is believed that very little coarse gravels are preserved below the entry point at Klein Harts village as the catchment area leading to this narrow, gorge like, entry point is substantial and could have formed a very large ice lake. This probably applies to a lesser degree to the Brussels South area downstream of Zamenkomst as the entry point to the north of Zamenkomst drains a much smaller area than the entry point at Klein Harts village.

SLIDE 18

HISTORIC AND PRESENT PROJECT

GENERAL GEOLOGY The broad open valley is bounded in the west by sediments and dolomites of the Griqualand West Sequence and in the east by sediments and volcanics of the Ventersdorp Sequence and frequent dolerite dykes and sills are developed in the area.

SLIDE 19

HISTORIC AND PRESENT PROJECT

The basement to the gravel varies from place to place and includes:

Dolerite.
Black Shale (Dwyka?) (most frequent of all basement types).
Dwyka Tillite and Shale (found only in portions of the upper

reaches of the Losase Valley).

Griqualand West Dolomite and Dolomitic Sediments.
Ventersdorp Volcanics and Sediments.

The basement to the gravel becomes more uneven towards the north (Zwartkrans, Gamabot Por 3 and Lockerbie Por 1 area. The top of the gravel is extremely uneven throughout, possibly due to standing wave development during deposition. There are basically three gravel types, namely the older, highly calcretized “Calcrete Gravel” and the younger “Spruit Gravel” and the “Rooikoppie Gravel” which is normally sporadically developed throughout the Project Area. The Calcrete Gravel is developed along elevated terraces and generally has a thin Calcrete cover (0.5 to 6.0 meters). This gravel is very coarse grained, and forms upward coarsening units, which can attain thicknesses of up to 8.0 meters and boulder size of up to 1.5 meters in diameter. The younger, deeper, finer grained and generally thicker “Spruit Gravel” is less calcretized to un-calcretized and is probably derived, mostly from the re-working of the calcrete gravel with the addition of locally derived country rock (Tillite, Lava and Dolomite). Rounded Calcrete Pebbles and Boulders are found in the Spruit Gravel. Cover sediments can be up to 14 meters thick and the gravel attains thickness of up to 11.0 meters. It could however be thicker in places as some deep holes collapsed and were abandoned before the basement was reached.

SLIDE 20

HISTORIC AND PRESENT PROJECT

SECTION SHOWING DISPOSITION OF CALCRETE AND SPRUIT GRAVEL

The classification of the gravels, in approximate order of abundance, are: Quartzite, Lava, Dolomite, Quartz, Banded Chert, Black and Smokey Chert, Agate, minor Banded Iron Formation (including Red Jasper), and Fe-rich Ventersdorp Shale. The Calcrete Gravel is generally very coarse grained and is upward coarsening with an increase in Quartzite Boulders towards the

top. In the Calcrete Gravel, the upper coarser grained portion is

also more calcretized than the lower portion, which contains sparse pebbles of green (Dwyka) shale and is greenish in colour. WORK COMPLETED

1. Percussion Drilling

A total of 954 percussion drill holes have been completed at nine (9) localities (farms) and samples have been bagged for the Zwartkrans and Lockerbie drilling. A total of 8265 meters has been drilled to date. Hole diameter was 6.5 inches (165 millimeters) and holes were drilled with a normal percussion rig. Samples were collected with sampling bowls at 0.5 meter intervals and holes flushed with

SLIDE 21

HISTORIC AND PRESENT PROJECT

compressed air after every half meter sample to minimize contamination. Holes were logged in the field and logging transferred to graphic log sheets for record purposes (see appendices for log sheets). Drill spacing varies from 100 to 200 meters between holes and 800 line spacing for initial regional drilling (Zamenkomst only) to 50 by 50 and 50 by 100 meter grids in detail drilled areas (Zamenkomst, Uitenhage, Gamabot, Zwartkrans and Lockerbie. See Fig 1). Gamabot Por 3, Sweet Home Por 3 and Versters Dwaal Por 1 were drilled at a 100 by 500 meter spacing.

2. Trial Mining

Trial mining (bulk sampling) was carried out on four (4) farms. At Zamenkomst 35 pits were treated in the main Area A (See Fig’s 2 and 2a below). And 2 pits in both areas B and C. Due to uncertainty of gravel type and small unrepresentative tonnages these figures were not included in production tonnage and grade calculations. At Gamabot Por 2, 6 pits were treated of which only 3 were included into production tonnage and grade calculations as the remaining 3 pits were in gravel of unknown correlation and/or tonnages too small to be representative (See Fig 3 below). At Gamabot Por 3, 2 pits were treated (See Fig 4 below) and at Zwartkrans Por 0, 5 pits were excavated and treated (See Fig 5 below)

SLIDE 22

HISTORIC AND PRESENT PROJECT

GRAVEL TONNAGE AND VOLUME CALCULATIONS  Tonnage Calculations: Volumes were calculated from gravel

utline interpretation by blocking out the areas based on the

positions of the drill holes and calculating the surface areas of the blocks and multiplying the surface area with the gravel thickness for each drill hole and for each gravel type. Tonnages were then calculated by multiplying the volume calculated by the designated SG. Estimated SG of 2.3 for the Calcrete Gravel and an estimated SG of 2.2 for the Spruit and Rooikoppie Gravels.  Zamenkomst drilled area: Due to drill spacing variations in different areas on this property, holes were blocked out in groups based on the geological interpretation. Volumes and tonnages were calculated as above.  Detail drilled areas (Uitenhage Por 3, Gamabot Por 2, Zwartkrans, Gamabot Por 3, Sweet Home Por 3 and Lockerbie Por 1): Drill holes were blocked out individually using a, half way to the adjoining hole, rule and geological guidance along the sides of the blocked areas. Volumes and tonnages were calculated as above. CONCLUSION AND RECOMMENDATIONS This project is of a high tonnage, low grade, nature but grade is similar to deposits along the Orange River. The deposit has good potential as it yields large diamonds of very good quality and the largest stones recovered to date were 60.21, 24.29, 19.73 and 16.65 carats respectively, and the highest price obtained was US$ 9469.44 per carat (a total of US$ 230.013) for the 24.29 carat stone. The area lends itself to a large-scale mining operation with the minimum size of plant per site being 4 (preferably more) x 16’ pans

SLIDE 23

HISTORIC AND PRESENT PROJECT

running on 3 x 8 hour shifts per day. As the gravel is calcretized and hard, it should be blasted (where possible) or bulldozed (“rip en trap”) with a bulldozer not smaller than a 375 (D 9.5). To increase production the gravel should be screened down to not larger than -40 millimeters prior to entering the treatment plant. This screening will ensure that not less than 100 tons of in situ gravel is treated by each pan per hour. Other than being hard, which represents a diamond liberation problem; there are no other metallurgical problems in treating this gravel. Tables - Figures – Pictures

HISTORIC PROJECT SUMMARY TABLE DIAMOND SALES,PRODUCTION AND GRADE DIAMOND SALES

FARM CARATS TOTAL SALES US$ AVERAGE US$/CARAT (OLD 2006 PRICES) BEST PRICE US$ FOR A PARCEL (OLD PRICES) Zamenkomst 1183.31 1148728.1 1049.81 178.33 carats @US$ 1941.97/carat Gamabot Por 2 33.96 27714.5 816.09 816.09 Gamabot Por 3 39.09 Not available Assumed +-800 Not available Zwartkrans Por 0 15.8 Not available Assumed +-800 Not available

PRODUCTION AND GRADE

FARM GRAVEL TONNES CARATS RECOVERED GRADE (cpht) Zamenkomst 462282.41 1183.31 0.26 Gamabot Por 2 11885.97 30.71 0.26 Gamabot Por 3 11988.08 39.09 0.33 Zwartkrans Por 0 4990.82 15.8 0.32

TOTALS 491147.3 1268.91 0.26

SLIDE 24

HISTORIC AND PRESENT PROJECT

Table of reliable results of Test Pits, Diamond Sizes and Grades

Table 2

Pit No.

Tonnes All Gravel Types Volume (cub m) All Gravel Types Carats Produced All Gravel Types

% of

Diamonds > than 10.00 Carat

Larger Individual Diamonds Grade (cpht) Grade (cph cub m) A1

7635.79

3319.91

35.45

0.00

8.11, 5.95, 5.54

0.46 1.07 A2

7413.81

3223.39

4.95

0.00 0.07 0.15 A3

21256.21

9241.83

21.68

0.00

6.52

0.10 0.23 A4

29427.68

12794.64

43.88

0.00

6.50

0.15 0.34 A5

15229.18

6621.38

68.28

52.58 11.50, 24.40 0.45 1.03 A6

14319.02

6225.66

27.64

0.00 0.19 0.44 A7

12134.40

5275.83

46.13

36.05 16.63, 8.80 0.38 0.87 A8

10472.48

4553.25

19.12

0.00 7.22 0.18 0.42 A9

13971.90

6074.74

13.36

0.00 0.00 0.10 0.22 A10

13273.49

5771.08

41.48

47.73 19.80 0.31 0.72 A11

19244.82

8367.31

46.36

22.71 10.53, 6.07 0.24 0.55 A12

17330.47

7534.99

107.64

71.69 60.45, 16.72, 7.60 0.62 1.43 A13

15582.38

6774.95

20.46

0.00 5.05 0.13 0.30 A14

23496.01

10215.65

62.44

17.06 10.65, 5.88, 5.40 0.27 0.61 A15

9799.32

4260.57

39.17

26.55 10.40 0.40 0.92 A16

6183.80

2688.61

7.96

0.00 0.13 0.30 A17

9406.20

4089.65

9.95

0.00 0.11 0.24 A18

10949.67

4760.72

58.56

0.00 5.11 0.53 1.23 A19

17584.92

7645.62

50.63

0.00 7.21 0.29 0.66 A20

16180.25

7034.89

23.30

0.00 0.14 0.33 A21

10831.69

4709.43

18.52

0.00 0.17 0.39 A22

17310.57

7526.33

66.38

0.00 0.38 0.88 A23 Top

7034.68

3058.56

7.15

0.00 6.6 0.10 0.23 A23 Bottom

11450.42

4978.44

34.61

0.00 0.30 0.70 A24

17470.01

7595.66

14.34

0.00 0.08 0.19 A25

19226.06

8359.16

44.49

0.00 5.73, 5.71 0.23 0.53 A26

11610.00

5047.83

17.68

0.00 0.15 0.35 A27

13888.67

6038.55

30.54

0.00 0.22 0.51 A28 Top

7403.67

3218.99

1.65

0.00 0.02 0.05 A29 Top

7943.66

3453.77

18.29

0.00 0.23 0.53 A29 Bottom

9377.42

4077.14

18.95

0.00 0.20 0.46 A30 Top

10065.42

4376.27

5.95

0.00 0.06 0.14 A30 Bottom

4224.91

1836.92

10.34

0.00 0.24 0.56 A31 Top

15210.48

6613.25

22.15

0.00 5.76 0.15 0.33 A31 Bottom

4740.85

2061.24

3.29

0.00 0.07 0.16 A32 Top

1000.00

434.78

7.20

0.00 0.72 1.66 A32 Bottom

8202.89

3566.48

11.76

0.00 0.14 0.33 A33 Top

10972.15

4770.50

19.53

0.00 12.20 0.18 0.41 A34 Top

6229.59

2708.52

10.20

0.00 5.45 0.16 0.38 A35 Top

6206.49

2698.47

9.05

0.00 0.15 0.34 B1

2563.32769

1114.49

1.65

0.00 0.06 0.15 B2

1290.30

561.00

0.26

0.00 0.02 0.05 C1 Top

13830.18

6013.12

4.98

0.00 0.04 0.08 C1 Bottom

11277.97

4903.47

18.99

0.00 7.77 0.17 0.39 C2

14141.80

6148.61

4.59

0.00 0.03 0.07 CBA1

2735.43

1243.38

3.90

0.00 0.14 0.31 CBA2

1659.54

754.34

7.10

0.00 5.35 0.43 0.94 CBA3

444.10135

201.86

0.00

0.00 0.00 0.00 CBA4

4403.01037

2001.37

1.40

0.00 0.03 0.07 CBA5

2665.43695

1211.56

0.25

0.00 0.01 0.02 CBA6

7491.00

3405.00

19.71

0.00 5.6 0.26 0.58

GAMABOT Por . 2 ZAMENKOMST

BRUSSELS PROJECT TOTAL PRODUCTION AND DIAMOND STATISTICS

SLIDE 25

HISTORIC AND PRESENT PROJECT

Map of Historic Project showing areas where work was conducted

33000
28000
23000
18000
13000
8000
3000

L an g e- R an d 821 H N P o r. 10

1620. 5275h a

M i d d el ran d 820 H N P o r. 10

892. 8879h a

M i dd el ran d8 20H N P

r. 6

1 31. 5 824ha M i ddel rand 820 H N P

r. 11
16. 9277ha

M i ddel rand 820 H N P

r. 4
29. 4751ha

M i d d el ran d 820 H N P o r. 9

98. 3679h a

Z amen ko mst 819 H N P o r. 5

171. 3064h a

Z amen ko mst 819 H N P o r. 8

171. 3091h a

Z amen ko mst 819 H N P o r. 9

102. 7838h a

Z amen ko mst 819 H N P o r. 7

110. 5819h a

V erst ers D w aal 818 H N P o r. 4

343. 4693h a

V erst ers D w aal 818 H N P o r. 3

171. 3064h a

V erst ers D w aal 818 H N P o r. 1

856. 5332h a

U i t en h ag e 826 H N P o r. 3

310. 0889h a

U i t en h ag e 826 H N P o r. 5

197. 4363h a

U i t en h ag e 826 H N P o r. 0 ( R em. )

1820. 1748h a

U i t en h ag e 826 H N P o r. 2

513. 9192h a

Z amen ko mst 819 H N P o r. 1 V erst ers D w aal 818 H N P o r. 0 Z a me nkoms t Por. 1 a n d V ers ter s Dwa al P o

r. 0 = 22 41 . 08 92

G amab o t 733 H N P o r. 2

707. 6339h a

C h ami o n skl o o f 731 H N P o r. 3

428. 2647h a

C h ami o n skl o o f 731 H N P o r. 7

23. 7483h a

C h ami o n skl o o f 731 H N P o r. 6

342. 6090h a

G amab o t 733 H N P o r. 3

1005. 4543h a

Z w art kran s 732 H N P o r 0

2544. 7367h a

L o ckerb i e 727 H N P o r. 2

471. 1097h a

L o ckerb i e 727 H N P o r. 12

21. 4990h a

L o ckerb i e 727 H N P o r. 4

394. 8784h a

L o ckerb i e 727 H N P o r. 6

239. 7381h a

L o ckerb i e 727 H N P o r. 3

188. 5407h a

L o ckerb i e 727 H N P o r. 5

513. 9406h a

S w eet H o me 726 H N P o r. 2

685. 2342h a

K areeb o o mf o n t ei n 725 H N P o r. 0

557. 3054h a

K areeb o o mf o n t ei n 725 H N P o r. 3

61. 2606h a

B l aau b o sch ku i l 835 H N P o r. 0 ( R em)

320. 6671h a

B l aau b o sch ku i l 835 H N P o r. 9

171. 3064h a

B l aau b o sch ku i l 835 H N P o r. 8

513. 9363h a

B l aau b o sch ku i l 835 H N P o r. 10

171. 3064h a

B l aau b o sch ku i l 835 H N P o r. 5

342. 6128h a

B l aau b o sch ku i l 835 H N P o r. 3

390. 6571h a

B l aau b o sch ku i l 835 H N P o r. 1

466. 4074h a

Swe etH ome 72 6H N Po r . 4 42 8. 2 669 ha S w eet H o me 726 H N P o r. 3

856. 7219h a

L o ckerb i e 727 H N P o r. 0 ( R em)

428. 2660h a

L o ckern i e 727 H N P o r. 7

479. 6979h a

L o ckerb i e 727 H N P o r. 8

46. 4318h a

L o ckerb i e 727 H N P o r. 10

46. 4318h a

L o ckerb i e 727 H N P o r. 1

720. 1129h a

DRILLED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Zamenkomst 5941657 2583329 47123213 21419624 Gamabot & Uitenhage 7772564 3379376 1588611 722096 Zwartkrans 12574781 5467296 Not Drilled Not Drilled 746691 339405 Lockerbie Por 1 13546969 5889987 Not Drilled Not Drilled 989942 449974 Gamabot Por 3 42086521 18298487 4176901 1898592 4213527 1915240 Sweet Home Por 3 2262992 983909 Versters Dwaal Por 1 5120228 2226186.143 DRILLED TOTALS 89305712 38828570 52888725 24040311 5950160 2704618 POSTULATED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m POSTULATED & DRILLED - TOTALS 173785925 75559098 180719183 82145065 15000000 6818182

SUMMARY GRAVEL TONNAGES

CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL CALCRETE GRAVEL SG = 2.3 SPRUIT GRAVEL SG = 2.2 ROOIKOPPIE GRAVEL SG =2.2

BRUSSELS PROJECT

MAP OF EXPLORATION STATUS OF BRUSSELS PROJECT NOVEMBER 2010

Brussels S

uth Farm Boundaries

LEGEND

Zamenkomst & V ersters Dwaal Farm Boundaries Brussels North Farm Boundaries Gamabot P

r 3 Farm Boundaries

Zwartkrans P

r 0 Farm Boundaries

S weet Home P roj Farm Boundaries Calcrete Gravel Outline - Drilled Calcrete Gravel Outline - P

stulated

S pruit Gravel Outline - Regionally Drilled S pruit Gravel Outline - P

stulated

P ercussion Drill Hole with Calcrete Gravel P ercussion Drill Hole with S pruit Gravel Test M ining P its (colour coded for grade) P ercussion Drill Hole with No Gravel

Scale :50 000

Co-ordinates in Cape LO

Fig 1

TEST AREA 1 Zamenkomst Por 1 TEST AREA 2 Gamabot Por 2 Uitenhage Por 3 Drilled only TEST AREA 3 Gamabot Por 3 TEST AREA 4 Zwartkrans Por 0

TOTAL HISTORIC PROJECT HELD UNDER SIX (6) PROSPECTING RIGHTS RED AND BLACK DOTS INDICATE AREAS WHERE DRILLING WAS CONDUCTED

ORIGINAL PROJECT TOTAL TONNAGES FROM DRILLING

SLIDE 26

HISTORIC PROJECT

Z 1 Z 2 Z 3 Z 4 Z 5 Z 6 Z 7 Z 8 Z 8 a Z 9 Z 1 Z 1 1 Z 1 2 Z 1 3 Z 1 4 Z 1 5 Z 1 6 Z 1 7 Z 1 8 Z 1 9 Z 2 Z 2 1 Z 2 2 Z 2 3 Z 2 4 Z 2 5 Z 2 6 Z 2 7 Z 2 8 Z 2 9 Z 3 Z 3 1 Z 3 2 Z 3 3 Z 3 4 Z 3 5 Z 3 6 Z 3 7 Z 3 8 Z 3 9 Z 4 Z 4 1 Z 4 2 Z 4 3 Z 4 4 Z 4 5 Z 4 6 Z 4 7 Z 4 8 Z 4 9 Z 5 Z 5 1 Z 5 2 Z 5 3 Z 5 4 Z 5 5 Z 5 6 Z 5 7 Z 5 8 Z 5 9 Z 6 Z 6 1 Z 6 2 Z 6 3 Z 6 4 Z 6 5 Z 6 6 Z 6 7 Z 6 8 Z 6 9 Z 7 Z 7 1 Z 7 2 Z 7 3 Z 7 4 Z 7 5 Z 7 6 Z 7 7 Z 7 8 Z 7 9 Z 8 Z 8 1 Z 8 2 Z 8 3 Z 8 4 Z 8 5 Z 8 6 Z 8 7 Z 8 8 Z 8 9 Z 9 Z 9 1 Z 9 2 Z 9 3 Z 9 4 Z 9 5 Z 9 6 Z 9 7 Z 9 8 Z 9 9 Z 1 Z 1 1 Z 1 2 Z 1 3 Z 1 4 Z 1 5 Z 1 6 Z 1 7 Z 1 8 Z 1 9 Z 1 1 Z 1 1 1 Z 1 1 2 Z 1 1 3 Z 1 1 4 Z 1 1 5 Z 1 1 6 Z 1 1 7 Z 1 1 8 Z 1 1 9 Z 1 2 Z 1 2 1 Z 1 2 2 Z 1 2 3 Z 1 2 4 Z 1 2 5 Z 1 2 6 Z 1 2 7 Z 1 2 8 Z 1 2 9 Z 1 3 Z 1 3 1 Z 1 3 2 Z 1 3 3 Z 1 3 4 Z 1 3 5 Z 1 3 6 Z 1 3 7 Z 1 3 8 Z 1 3 9 Z 1 4 Z 1 4 1 Z 1 4 2 Z 1 4 3 Z 1 4 4 Z 1 4 5 Z 1 4 6 Z 1 4 7 Z 1 4 8 Z 1 4 9 Z 1 5 Z 1 5 1 Z 1 5 2 Z 1 5 3 Z 1 5 4 Z 1 5 5 Z 1 5 6 Z 1 5 7 Z 1 5 8 Z 1 5 9 Z 1 6 Z 1 6 1 Z 1 6 2 Z 1 6 3 Z 1 6 4 Z 1 6 5 Z 1 6 6 Z 1 6 7 Z 1 6 8 Z 1 6 9 Z 1 7 Z 1 7 1 Z 1 7 2 Z 1 7 3 Z 1 7 4 Z 1 7 5 Z 1 7 6 Z 1 7 7 Z 1 7 8 Z 1 7 9 Z 1 8 Z 1 8 1 Z 1 8 2 Z D 1 Z D 2 Z D 3 Z D 4 Z D 5 Z D 6 Z D 7 Z D 8 Z D 9 Z D 1 Z D 1 1 Z D 1 2 Z D 1 3 Z D 1 4 Z D 1 5 Z D 1 6 Z D 1 7 Z D 1 8 Z D 1 9 Z D 2 Z D 2 1 Z D 2 2 Z D 2 3 Z D 2 4 Z D 2 5 Z D 2 6 Z D 2 7 Z D 2 8 Z D 2 9 Z D 3 Z D 3 1 Z D 3 2 Z D 3 3 W 1 W 2 W 3 W 4 W 5 W 6 B S 1 B S 2 B S 3 B S 4 B S 5 B S 6 B S 7 B S 8 B S 9 B S 1 B S 1 1 B S 1 2 B S 1 3

30000
28000
26000
24000

BRUSSELS PROJECT

ZAMENKOMST Por's. 1 and 7 LEGEND MAP SHOWING PERCUSSION DRILLING RESULTS AND GRAVEL INTERPRETATION

Hole with No Gravel, Number (above) Spruit Gravel Hole with Number (above) and Gravel Thickness (below), Stripping Depth (right) Calcrete Gravel Hole with Number (above) and Gravel Thickness (below), Stripping Depth (right) Green Spruit Gravel Calcrete Gravel Scale 1:15 000

Fig 2

ZAMENKOMST FARM MAP - TEST AREA 1 SHOWING GRAVEL INTERPRETATION, PERCUSSION DRILLING AND TEST MINING

Prospecting Right terminated Remaining potential POOR No application for Renewal

TEST MINING AREAS

SLIDE 27

HISTORIC PROJECT

Z5 Z6 Z7 Z8 Z75 Z76 Z77 Z78 Z79 Z80 Z81 Z82 W1 W2 W3 Z100 Z101 Z102 Z103 Z104 Z105 Z106 Z107 Z108 Z109 Z110 Z111 Z112 Z113 Z114 Z115 Z116 Z83 Z84 Z85 Z86 Z87 Z88 Z89 Z90 Z91 Z92 Z93 Z94 Z95 Z96 Z97 Z98 Z99 ZD1 ZD10 ZD11 ZD12 ZD13 ZD14 ZD15 ZD16 ZD17 ZD18 ZD19 ZD2 ZD20 ZD21 ZD22 ZD23 ZD24 ZD25 ZD26 ZD27 ZD28 ZD29 ZD3 ZD30 ZD31 ZD32 ZD33 ZD4 ZD5 ZD6 ZD7 ZD8 ZD9 Z161 Z162 Z168

26400
26200
26000
25800
25600

Water Pipeline

Compound Power Line

Of fice

Vibrating Grizzly Workshop

P a n s

Slimes Dam Water Hole

FARM ROAD

Pi t BA 35 Top, C ts = 9.05, T = 42 86, G r = 0.21. Pit BA3 4,C t s = 1 0.20, T= 4 14 2 , Gr = 0 .2 5, P it PA33 Top, Cts= 19.53, T = 6054, G r = 0.32. P i t P A 3 2 ( T

p

) , C t s = 7 . 2 , T = +

1

, G r = +

.

7 2 . ( B

t

t

m

) , C t s = 1 1 . 7 6 , T = 8 2 3 , G r = . 1 4 . Pit PA31 (Top ) ,C ts = 22.1 5, T = 10 919.59 , G r = 0 .20 (Poor bl as ti ng!). (Botto m ), Cts = 3. 29, T = 47 40.85 , G r = 0.

07. (Poor bl

as ti ng). ( S ASO Lproble m ) P i t P A 3 ( T

p

) , C t s = 5 . 9 5 , T = 6 4 5 . 5 8 , G r = . 1 . ( B

t

t

m

) , C t s = 1 . 3 4 , T = 4 2 2 4 . 9 1 , G r = . 2 4 . P it P A29 (Top), Cts=18.29, T = 4600.03, G r =0.40. (Botto m) ,Cts =18.95, T =9377.42, G r =0.20. P i t P A 2 8 ( T

p

) , C t s = 1 . 6 5 , T = 7 4 3 . 6 7 ( F i n e ) , G r = . 2 , Pit PA27 (Total), C ts = 30.54, T = 13888.67, G r = 0.22, Pit A26, C ts = 17.68, T = 1610, G r = 0.15, Pit A25, C ts = 37.99, T = 19226, G r = 0.20, Pit A24, Cts = 14.34, T = 17470, Gr = 0.08, P i t A 2 3 S , C t s = 3 4 . 6 1 , T = 1 1 4 5 , G r = . 3 , P i t A 2 3 N Pit A22, Cts = 66.38, T = 17311, Gr = 0.38, Pit A21 Blas ted N ot M ined Pit A21, C ts = 18.52, T = 10832, G r = 0.17, Pit A20, C ts = 23.30, T = 16180.25, G r = 0.14, Pi t A19, C ts = 50.63, T= 17584.92, G r = 0.29. Pit A18 Blas ted Not M ined Pit A18, Cts = 58.56, T = 10949.67, G r = 0.53, Pi t A 17, C ts = 9.95, T= 9406.20, Gr = 0.11, P it A 16, Cts= 7.9 6, T= 6184, Gr = 0.13, P i t A 1 5 , C t s = 3 9 . 1 7 , T = 9 7 9 9 , G r = . 4 , P it A 14, C ts = 62.44, T = 23496, G r = 0.27, P it A13, Cts= 2 4.4 6 , T= 15582.38, Gr = 0.13 P i t A 1 2 , C t s = 1 7 . 6 4 , T = 1 7 3 3 . 4 7 , G r = . 6 2 P i t A 1 1 , C t s = 4 6 . 3 6 , T = 1 9 2 4 5 , G r = . 2 4 Pit A10, Cts = 41.48, T = 13274, Gr = 0.31 P i t A 9 , C t s = 1 3 . 3 6 , T = 1 3 9 7 2 , G r = . 1 P i t A 8 , C t s = 1 9 . 1 2 , T = 1 4 7 3 , G r = . 1 8 P i t A 7 , C t s = 4 6 . 1 3 , T = 1 2 1 3 4 , G r = . 3 8 P it A6, C ts = 27.64, T= 14319, Gr = 0.19 Pit A 5, Cts= 68.28, T = 15229, Gr = 0.45 P i t A 4 , C t s = 4 3 . 8 8 , T = 2 9 4 2 8 , G r = . 1 5 Pit A3, Cts = 21.68, T = 21256, G r = 0.10 P i t A 2 , C t s = 4 . 9 5 , T = 7 4 1 4 , G r = . 7 P i t A 1 , C t s = 3 5 . 4 5 , T = 7 6 3 6 , G r = . 4 6 1.75 5.45 2.33 5.76 4.71

3.91

8.11 6.52 6.50 24.40 16.63 7.22 19.80 10.53 6 0 .4 5 16.72 11.50 10.65 7.60 5.05 10.40 5.11 7.21 2 .2 6 2.71 2.60 4 .1 5 6.60 5.73 5 .7 1 3.90 3 .0 4 2.66 12.20 1.51

Fig 2a

10% B l ack 30% B l ack C hal k Li ght O range D eep P i nk R ed

0.00- 0.09 cpht 0.10 - 0.19 cpht 0.20 - 0.29 cpht 0.30 - 0.39 cpht 0.40 - 0.49 cpht 0.50 - 0.59 cpht 0.60 - 0.69 cpht

LEGEND MINING MAP - AREA A

ZAMENKOMST 819

BRUSSELS PROJECT

Z10 5.0

Percussion Drill Hole (Number above - Gravel thickness m. below)

Scale 1:3 000

ZAMENKOMST TEST MINING AREA 1

SLIDE 28

HISTORIC AND PRESENT PROJECT

Uitenhage 826 HN Por 3 310.0889 ha

28000
26000
24000
3006000
3004000

B 1 B2 B3 B5 B6 B7 B8 B9 B10 B11 B 1 2 B4

1.5 1.5 1.0 6.5 1.0 3.0 2.0 3.5 > 3.5 4.0 1.5 6.0 5.0 2.0 10.0 9.0 4.0 6.5 13.0 >1 3.0 6.5 3.5

Interpreted outline of Gravel Outline

LEGEND

UITENHAGE Por. 3

BRUSSELS PROJECT

Scale 1:10 000

MAP SHOWING PERCUSSION DRILLING RESULTS AND INTERPRETATION OF GRAVEL DEVELOPMENT

Percussion Drill Hole (Number above - Gravel thickness: below right - Gravel floor below surface: bottom left) B12 3.5 6.5

UITENHAGE Por 3 FARM MAP - DRILLED ONLY AREA SHOWING GRAVEL INTERPRETATION AND PERCUSSION DRILLING

New Application for Prospecting Right is in Progress

SLIDE 29

HISTORIC AND PRESENT PROJECT

Gambot 733 HN Por 2 (Burton) 707.6339 ha

28000
26000
24000

Interpreted outline of Young Channel Gravel Interpreted outline of Deep Channel Gravel Interpreted outline of Shallow Calcrete Gravel

LEGEND

GAMABOT Por. 2

BRUSSELS PROJECT

Scale 1:10 000

MAP SHOWING PERCUSSION DRILLING RESULTS AND INTERPRETATION OF GRAVEL DEVELOPMENT

Percussion Drill Hole (Number above - Gravel thickness: below right - Gravel floor below surface: bottom left) B12 3.5 6.5

Fig 3

GAMABOT Por. 2 FARM MAP - TEST AREA 2 SHOWING GRAVEL INTERPRETATION, PERCUSSION DRILLING AND TEST MINING

DRILLED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Gamabot Por 2 7772564 3379376 1588611 722096 DRILLED TOTALS 7,772,563 3,379,375 1,588,611 722096

SUMMARY GRAVEL TONNAGES

CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL

New Application for a Prospecting Right is in progress

B44 1 .0 3 .0 B42 B 4 3 2.5 0.5 8.0 8.0 B39 B40 B41 6.5 4.5 2.5 9.0 >8.0 9.5 B 3 2 B33 B34 5.0 2.0 1.0 9.0 7.5 8.5 B35 B38 B36 B37 0.5 1.0 8.5 3.0 B2 4 B25 B26 2.5 0.5 4.5 6.0 7.0 7.0 B27 B2 8 B29 B 3 0 B31 B45 B 4 6 B47 B4 8 2.5 4.0 2.5 4.5 5.0 3.0 5.5 3. 8.0 6.5 9.5 6.5 8.5 6.0 6.5 8. B B21 B 2 2 B23 2.5 1.5 3.0 >2.5 8.5 7.0 2 0 1.0 4.5 B 1 3 B14a B15 B1 6 B17 B18 B19 4. 5 4.5 3.0 1.5 4. 5 13 .5 11.0 5.5 3.5 7.

Pit 1

Pit 2 Pit 4 Pit 3

,

SLIDE 30

HISTORIC AND PRESENT PROJECT

FENCE

9 .5 3. 5 9 .5 10 .0 5 .5 9.5 6 .5 7 .5 6 .5 7.0 5.0 7. 5.5 5 .5 6. 6.5 2. 7 .0 6 .0 1.5 5. 6.0 8.0 5 .0 8 .0 3.0 3.0 .0 3 .5 2. 3.0 7 .0 5. 4 .0 3 .0 4 .5 7 .0 6.0 5 .0 4.5 6.0 4 .5 5.5 6.0 7 .5 2 .5 2 .0 1 .0 1 .5 7. 5 5 .5 6 .5 5.0 4.5 4 .0 6 .5 4 .0 2. 2.0 3 .5 8. 5 4. 5 6 .0 3 .0 4.0 3.0 6.5 5 .5 6.5 3.0 7 .0 3.0 6 .5 5.0 5.5 4.0 6 .5 5 .5 6 .5 6.5 3. 5 6 .0 4 .0 2 .5 6. .0 3.0 2 .5 3 .5 6. 7 .0 6 .5 3. 8.5 8. 5 1 .5 4 .5 5 .0 6. 5 0.5 4 .0 3 .5 4 .5 4 .0 3 .5 6 .0 1 .0 1.0 2 .5 4. 5 5 .0 7 .0 7.0 6. 4.5 4 .0 6 .5 1.5 6 .0 7 .0 9.5 8. 9.5 7 .0 7. 7.5 7.5 2. 6 .5 3.5 3 .0 6.0 2 .5 4.5 2 .0 2 .0 2 .0 3.5 5 .5 4. .5 1 .0 1.0 1 .0 1 . 5 0 2 . 0 0 2 . 5 0 3 . 0 0 2 . 0 0 3 . 5 0 2 . 0 0 0 . 5 0 1 . 0 0 2 . 0 0 2 . 5 0 3 . 0 0 4 . 0 0 6 . 5 0 7 . 5 0 0 . 5 0 1 . 5 0 4 . 5 0 4 . 5 0 11 . 0 0 8 . 5 0 6 . 0 0 5 . 0 0 2 . 0 0 0 . 5 0 1 . 5 0 0 . 5 0 4 . 0 0 1 . 0 0 3 . 0 0 0 . 5 0 4 . 0 0 4 . 5 0 5 . 5 0 4 . 0 0 1 . 2 5 2 . 7 5 1 . 0 0 1 . 5 0 0 . 5 0 1 . 5 0 5 . 0 0 1 . 5 0 1 . 0 0 0 . 5 0 2 . 0 0 1 . 5 0 3 . 0 0 3 . 0 0 1 . 0 0 2 . 0 0 1 . 5 0 4 . 5 0 2 . 0 0 3 . 0 0 0 . 5 0 1 . 0 0 1 . 5 0 1 . 0 0 0 . 5 0 1 . 5 0 6 . 5 0 4 . 5 0 8 . 0 0 6 . 5 0 1 . 5 0 2 . 5 0 4 . 0 0 3 . 5 0 1 0 . 0 0 5 . 5 0 1 . 0 0 0 . 5 0 5 . 5 0 6 . 0 0 5 . 5 0 2 . 5 0 4 . 0 0 6 . 0 0 0 . 5 0 3 . 2 5 1 . 0 0 4 . 5 0 2 . 5 0 1 . 5 0 4 . 0 0 4 . 0 0 2 . 0 0 0 . 7 5 2 . 5 0 1 . 5 0 0 . 5 0 2 . 5 0 3 . 5 0 2 . 0 0 3 . 0 0 1 . 5 0 0 . 5 0 1 . 5 0 3 . 0 0 1 . 0 0 2 . 5 0 0 . 5 0 0 . 5 0 2 . 5 0 0 . 5 0 2 . 5 0 0 . 5 0 3 . 0 0 3 . 5 0 3 . 0 0 3 . 0 0 1 . 5 0 3 . 5 0 2 . 7 5 2 . 0 0 2 . 5 0 2 . 5 0 6 . 0 0 5 . 0 0 5 . 0 0 4 . 0 0 2 . 0 0 1 . 5 0 8 . 0 0 6 . 5 0 5 . 5 0 3 . 7 5 1 . 0 0 1 . 5 0 0 . 5 0 0 . 5 0 0 . 5 0 1 . 0 0 4 . 5 0 0 . 5 0 2 . 0 0 1 . 5 0 1 . 5 0 1 . 7 5 2 . 5 0 1 . 5 0 1 . 0 0 2 . 5 0 ZK 1 ZK2 ZK 3 ZK 4 ZK5 ZK 6 ZK7 ZK8 ZK 9 ZK 10 ZK11 ZK 12 ZK 13 ZK 14 ZK 15 ZK 16 ZK 17 ZK 18 ZK1 9 ZK 20 ZK 21 ZK 22 ZK 23 ZK 24 ZK25 ZK26 ZK 27 ZK 28 ZK 29 ZK 30 ZK 31 ZK32 ZK33 ZK 34 ZK 35 ZK3 6 ZK 37 ZK 38 ZK39 ZK 40 ZK 41 ZK 42 ZK 43 ZK44 ZK 45 ZK 46 ZK4 7 ZK48 ZK49 ZK 50 ZK 51 ZK52 ZK 53 ZK54 ZK 55 ZK 56 ZK5 7 ZK 58 ZK 59 ZK 60 ZK61 ZK62 ZK 63 ZK64 ZK65 ZK66 ZK67 ZK 68 ZK69 ZK70 ZK 71 ZK 72 ZK73 ZK 74 ZK 75 ZK 76 ZK77 ZK7 8 ZK79 ZK 80 ZK 81 ZK 82 ZK83 ZK 84 ZK85 ZK 86 ZK87 ZK 88 ZK 89 ZK90 ZK91 ZK92 ZK 93 ZK94 ZK9 5 ZK 96 ZK 97 ZK 98 ZK 99 ZK 100 ZK 101 ZK1 02 ZK1 03 ZK 104 ZK105 ZK10 6 ZK 107 ZK 108 ZK 109 ZK 110 ZK 111 ZK 112 ZK 113 ZK 114 ZK 115 ZK 116 ZK 117 ZK 118 ZK119 ZK120 ZK121 ZK122 ZK 123 ZK 124 ZK 125 ZK 126 ZK 127 ZK12 8 ZK 129 ZK 130 ZK131 ZK132 ZK 133 ZK13 4 ZK135 ZK 136 ZK 137 ZK138 ZK 139 ZK140 ZK141 ZK1 42 ZK 143 ZK1 44 ZK145 ZK 146 ZK 147 ZK148 ZK149 ZK1 50 ZK 151 ZK 152 ZK 153 ZK154 ZK 155 ZK 156 ZK157 ZK 158 ZK159 ZK 160 ZK 161 ZK162 ZK 163 ZK 164 ZK 165 ZK 166 ZK 167 ZK 168 ZK 169 ZK170 ZK171 ZK 172 ZK 173 ZK 174 ZK175 ZK 176 ZK 177 ZK 178 ZK 179 ZK 180 ZK 181 ZK 182 ZK 183 ZK 184 ZK 185 ZK 186 ZK 187 ZK18 8 ZK 189 ZK 190 ZK 191 ZK 192 ZK 193 ZK1 94 ZK 195 ZK 196 ZK 197 ZK 198 ZK199 ZK20 ZK 201 ZK 202 ZK 203 ZK 204 ZK 205 ZK 206 ZK 207 ZK 208 ZK 209 ZK 210 ZK 211 ZK 212 ZK 213 ZK214 ZK 215 ZK216 ZK217 ZK 218 ZK 219 ZK220 ZK 221 ZK22 2 ZK2 23 ZK224 ZK 225 ZK226 ZK 227 ZK22 8 ZK229 ZK230 ZK231 ZK 232 ZK233

22500
22000
21500
21000
20500
20000
19500
19000

3.50 3.50 0.00 2.00 0.50 0.50 3.50 1.00 3.50 0.50 1.50 0.25

22500
22000
21500
21000
20500
20000
19500
19000

Pit 1 Water Hole Pit 2 Pit 3 Pit 4 Pit 5

BRUSSELS NORTH PROJECT

ZWARTKRANS Por. 0

LEGEND MAP SHOWING PERCUSSION DRILLING RESULTS AND GRAVEL INTERPRETATION

Edge of Quartzite Scree Gravel Terrace (underlain by Shale) Edge of Calcrete Terrace Hole with No Gravel, Number (above) Spruit Gravel Hole with Number (above) and Gravel Thickness (below) Calcrete Gravel Hole with Number (above) and Gravel Thickness (below) Green Spruit Gravel Calcrete Gravel Scale 1:10 000

Fig 5 ZWARTKRANS Por. 0 FARM MAP - TEST AREA 4 SHOWING GRAVEL INTERPRETATION, PERCUSSION DRILLING AND TEST MINING

DRILLED Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Zwartkrans Por 0 12574781 5467296 Not Drilled Not Drilled 746691 339405 DRILLED TOTALS 12,574,781 5,467,296 746,691 339,405

SUMMARY GRAVEL TONNAGES

CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL

Application for Prospecting Right lodged and accepted by DMR

SLIDE 31

HISTORIC AND PRESENT PROJECT

25500
25000
24500
24000
23500
23000
22500
22000
21500
21000

G 3 0 0 6 G 3 0 0 7 G 3 0 0 8 G 3 0 0 9 G 3 0 1 0 G 3 0 11 G 3 0 1 2 G 3 0 1 3 G 3 0 1 5 G 3 0 1 8 G 3 0 1 9 G 3 0 2 0 G 3 0 2 1 G 3 0 2 2 G 3 0 2 3 G 3 0 2 8 G 3 0 2 9 G 3 0 3 0 G 3 0 3 1 G 3 0 3 2 G 3 0 3 3 G 3 0 3 4 G 3 0 3 5 G 3 0 3 6 G 3 0 3 7 G 3 0 4 1 G 3 0 4 2 G 3 0 4 3 G 3 0 4 4 G 3 0 4 5 G 3 0 4 6 G 3 0 4 7 G 3 0 4 8 G 3 0 4 9 G 3 0 5 4 G 3 0 5 5 G 3 0 5 6 G 3 0 5 7 G 3 0 6 0 G 3 0 6 1 G 3 0 6 6 G 3 0 6 7 G 3 0 6 8 G 3 0 6 9 G 3 0 7 0 G 3 0 7 1 G 3 0 7 2 G 3 0 7 3 G 3 0 7 4 G 3 0 7 5 G 3 0 7 6 G 3 0 7 7 G 3 0 7 8 G 3 0 7 9 G 3 0 8 0 G 3 0 8 1 G 3 0 8 2 G 3 0 8 3 G 3 0 8 4 G 3 0 8 5 G 3 0 8 6 G 3 0 8 7 G 3 0 8 8 G 3 0 8 9 G 3 0 9 3 G 3 0 9 5 G 3 0 9 8 G 3 0 9 9 G 3 1 0 0 G 3 1 0 1 G 3 1 0 2 G 3 1 0 3 G 3 1 0 4 G 3 1 0 5 G 3 1 0 6 G 3 1 0 7 G 3 1 0 8 G 3 1 0 9 G 3 11 0 G 3 111 G 3 11 2 G 3 11 3 G 3 11 4 G 3 11 5 G 3 11 6 G 3 11 7 G 3 11 9 G 3 1 2 0 G 3 1 2 1 G 3 1 2 5 G 3 1 2 7 G 3 1 2 8 G 3 1 2 9 G 3 1 3 0 G 3 1 3 1 G 3 1 3 2 G 3 1 3 3 G 3 1 3 4 G 3 1 3 5 G 3 0 0 1 G 3 0 0 2 G 3 0 0 4 G 3 1 2 2 G 3 1 2 3 G 3 1 2 4 G 3 0 0 3 G 3 0 0 5 G 3 0 1 4 G 3 0 1 6 G 3 0 1 7 G 3 0 2 4 G 3 0 2 5 G 3 0 2 6 G 3 0 2 7 G 3 0 3 8 G 3 0 3 9 G 3 0 4 0 G 3 0 5 0 G 3 0 5 1 G 3 0 5 2 G 3 0 5 3 G 3 0 5 8 G 3 0 5 9 G 3 0 6 2 G 3 0 6 3 G 3 0 6 4 G 3 0 6 5 G 3 0 9 0 G 3 0 9 1 G 3 0 9 2 G 3 0 9 4 G 3 0 9 6 G 3 0 9 7 G 3 11 8 G 3 1 2 6

Gamabot 733 HO Portion 3

BRUSSELS NORTH PROJECT

GAMABOT Por. 3

LEGEND MAP SHOWING PERCUSSION DRILLING RESULTS AND GRAVEL INTERPRETATION

Hole with No Gravel, Number (above) Spruit Gravel Hole with Number (above), Gravel Thickness (below) and Stripping depth (left) Calcrete Gravel Hole with Number (above), Gravel Thickness (below) and Stripping depth (left) Green Spruit Gravel Calcrete Gravel Scale 1:10 000

Pit 1 Pit 2

Water Hole

GAMABOT Por. 3 FARM MAP - TEST AREA 3 SHOWING GRAVEL INTERPRETATION, PERCUSSION DRILLING AND TEST MINING

DRILLED

Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Gamabot Por 3 42086521 18298487 4176901 1898592 4213527 1915240

DRILLED TOTALS 42,086,521 18,298,487 4,176,901 1,898,592 4,213,527 1,915,240

SUMMARY GRAVEL TONNAGES

CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL

Fig 4

Prospecting Right In Place Remaining potential GOOD Application for Extension granted by DMR

SLIDE 32

HISTORIC PROJECT ONLY

5 .0 1 .0 3 .5 4 .5 3 .0 5 .5 3 .0 4 .0 4 .0 0 .5 4 .0 3 .0 4 .5 4 .5 0 .5 4 .5 1 .0 5 .0 4 .0 3 .5 3 .5 5 .0 4 .0 3 .0 2 .0 1 .5 2 .0 5 .0 1 .0 1 .0 6 .5 5 .0 3 .0 1 .5 5 .5 1 .0 0 .5 7 .5 6 .0 4 .5 3 .5 2 .0 2 .0 3 .0 6 .5 2 .5 2 .0 2 .0 1 .0 1 .5 0 .5 1 .5 2 .0 2 .3 1 .0 4 .5 5 .0 5 .0 0 .5 1 .0 4 .5 5 .5 2 .0 5 .0 5 .5 0 .5 1 .5 5 .5 5 .0 2 .5 3 .0 2 .0 4 .0 0 .5 1 .0 2 .0 2 .5 5 .5 5 .0 5 .0 2 .0 3 .0 0 .5 5 .5 1 .0 3 .5 0 .5 5 .0 2 .5 1 .5 3 .0 8 .5 5 .8 7 .0 5 .0 5 .5 3 .0 4 .5 4 .0 2 .0 4 .0 4 .5 2 .5 2 .5 2 .0 2 .0 3 .0 4 .0 4 .5 4 .0 5 .5 3 .5 3 .0 4 .0 3 .5 2 .5 5 .0 6 .5 4 .5 5 .5 4 .0 6 .0 2 .5 1 .5 1 .5 4 .5 4 .0 5 .0 3 .5 5 .0 4 .0 1 .0 2 .0 2 .0 2 .0 5 .0 1 .5 1 .5 2 .5 2 .5 2 .0 3 .3 3 .5 2 .0 3 .0 3 .5 5 .0 3 .0 2 .0 5 .0 3 .5 3 .0 3 .5 3 .0 5 .0 1 .0 4 .5 1 .0 4 .0 1 .0 4 .5 2 .5 0 .5 3 .5 5 .5 1 .0 4 .0 4 .0 2 .5 4 .0 3 .5 4 .5 2 .5 3 .5 2 .0 3 .5 4 .0 0 .5 2 .8 1 .5 3 .0 3 .0 2 .5 3 .0 1 .5 7 .5 2 .5 1 .5 2 .5 0 .5 1 .0 1 .5 1 .5 7 .0 3 .0 3 .0 3 .5 2 .0 0 .5 3 .0 4 .0 2 .5 4 .5 3 .5 3 .0 3 .5 3 .5 4 .5 1 .5 6 .0 3 .0 2 .5 2 .5 0 .5 1 .5 1 .0 2 .5 5 .5 2 .0 2 .5

1 .5 8 .0 4.5 4.5 4 .5 3 .5 4.0 2 .5 2.0 6.5 5.0 3.5 2.0 3.0 7 .5 2.5 3.5 2.0 3.0 1 .0 1.0 5.0 5.5 6.0 2.5 1.5 4 .5 3.5 6.0 6.5 3 .0 4.5 7 .0 5.5 1.5 4.0 2.5 1.0 3.0 6.5 6 .5 8.0 7.5 9 .0 3.5 8 .5 5.5 3.5 3.5 3.5 2 .5 4.5 3.0 3 .5 5.0 2.0 3.0 4.5 7 .0 4.0 4.5 4.0 8 .0 5.5 4 .5 9 .0 3.5 2.5 4.5 8.0 5 .5 1.0 3 .5 2.0 1 .5 3 .0 5 .0 2.5 2.5 3.5 6 .0 5.0 4.0 2.0 6 .0 4.5 6.5 1 .0 7.0 9.5 7.5 4 .5 3.5 3.0 3.5 1.0 4.0 0.5 0.5 2 .0 2.0 4.0 6.5 6.0 4 .5 1 .0 7.0 3 .5 3.5 2.0 2 .0 2.0 2.0 2.5 2.5 2.0 2 .5 2.5 2.0 2.0 1.0 1.0 3.5 3 .5 2.0 2.5 2.0 1.5 4.0 1.0 5.0 2.5 4 .0 2.5 2.0 1 .5 6.0 1.0 4.0 5 .5 3.0 2 .0 1.0 1.5 3 .5 4 .0 2 .0 2 .0 2.0 1 .5 4.0 4 .0 3 .0 2.5 1 .5 4 .0 1.5 5.0 1.5 2.5 2 .0 3.0 4.0 2.5 3.5 3 .0 1.0 4.5 5.0 3.0 4 .5 3.0 5.0 1.5 3.0 1.5 1.5 3 .0 5 .0 3.5 0.5 1.0 2.5 3.5 5.0 3.0 5 .0 6.0 4 .5 1.5 6.5 5.0 1.5 0.5 3.0 2.0 2 .5 3 .5 2.5 3 .0 2.0 2 .0 5.0 4.5 1.5 3.5 4.5 4.0 3.5 2 .5 5.0 5.5 2 .0 2 .0 1.5 1.0 4.5 2 .0 6.0 2.0

L1 001 L1 002 L1 003 L1 004 L1 005 L1 006 L1 007 L1 008 L1 009 L1 010 L1 011 L1 012 L1 013 L1 014 L1 015 L1 016 L1 017 L1 018 L1 019 L1 020 L1 021 L1 022 L1 023 L1 024 L1 025 L1 026 L1 027 L1 028 L1 029 L1 030 L1 031 L1 032 L1 033 L1 034 L1 035 L1 036 L1 037 L1 038 L1 039 L1 040 L1 041 L1 042 L1 043 L1 044 L1 045 L1 046 L1 047 L1 048 L1 049 L1 050 L1 051 L1 052 L1 053 L1 054 L1 055 L1 056 L1 057 L1 058 L1 059 L1 060 L1 061 L1 062 L1 063 L1 064 L1 065 L1 066 L1 067 L1 068 L1 069 L1 070 L1 071 L1 072 L1 073 L1 074 L1 075 L1 076 L1 077 L1 078 L1 079 L1 080 L1 081 L1 082 L1083 L1 084 L1 085 L1 086 L1 087 L1 088 L1 089 L1 090 L1 091 L1 092 L1 093 L1 094 L1 095 L1 096 L1 097 L1 098 L1 099 L1 100 L1 101 L1 102 L1 103 L1 104 L1 105 L1 106 L1 107 L1 108 L1 109 L1 110 L1 111 L1 112 L1 113 L1 114 L1 115 L1 116 L1 117 L1 118 L1 119 L1 120 L1 121 L1 122 L1 123 L1 124 L1 125 L1 126 L1 127 L1 128 L1 129 L1 130 L1 131 L1 132 L1 133 L1 134 L1 135 L1 136 L1 137 L1 138 L1 139 L1 140 L1 141 L1 142 L1 143 L1 144 L1 145 L1 146 L1 147 L1 148 L1 149 L1 150 L1 151 L1 152 L1 153 L1 154 L1 155 L1 156 L1 157 L1 158 L1 159 L1 160 L1 161 L1 162 L1 163 L1 164 L1 165 L1 166 L1 167 L1 168 L1 169 L1 170 L1 171 L1 172 L1 173 L1 174 L1 175 L1 176 L1 177 L1 178 L1 179 L1 180 L1 181 L1 182 L1 183 L1 184 L1 185 L1 186 L1 187 L1 188 L1 189 L1 190 L1 191 L1 192 L1 193 L1 194 L1 195 L1 196 L1 197 L1 198 L1 199 L1 200 L1 201 L1 202 L1 203 L1 204 L1 205 L1 206 L1 207 L1 208 L1 209 L1 210 L1 211 L1 212 L1213 L1 214 L1 215 L1 216 L1 2 17 L1 218 L1 219 L1 220 L1 221 L1 222 L1 223 L1 224 L1 225 L1 226 L1 227 L1 228 L1 229 L1 230 L1 231 L1 232 L1 233 L1 234 L1 235 L1 236 L1 237 L1 238 L1 239 L1 240 L1 241 L1242 L1 243 L1 244 L1 245 L1 246 L1 247 L1 248 L1 249 L1 250 L1 251 L1 252 L1 253 L1 254 L1 255 L1 256 L1 257

18000
17500
17000
16500

BRUSSELS NORTH PROJECT

LOCKERBIE Por. 1

LEGEND MAP SHOWING PERCUSSION DRILLING RESULTS AND GRAVEL INTERPRETATION

Hole with No Gravel, Number (above) Spruit Gravel Hole with Number (above) and Gravel Thickness (below) and Stripping Depth (left) Calcrete Gravel Hole with Number (above) and Gravel Thickness (below) and Stripping Depth (left) Green Spruit Gravel Calcrete Gravel Scale 1:10 000

Fig 6

Prospecting Right Expired No new Application Submitted

LOCKERBY Por. 1 FARM MAP - NO TESTING DONE SHOWING GRAVEL INTERPRETATION AND PERCUSSION DRILLING

DRILLED

Tonnes Cub.m Tonnes Cub.m Tonnes Cub.m Lockerbie Por 1 13546969 5889987 Not Drilled Not Drilled 989942 449974

DRILLED TOTALS 13,546,969 5,889,986 989,942 449,974

SUMMARY GRAVEL TONNAGES

CALCRETE GRAVEL SPRUIT GRAVEL ROOIKOPPIE GRAVEL

SLIDE 33

HISTORIC PROJECT ONLY

SLIDE 34

HISTORIC PROJECT ONLY

SLIDE 35

HISTORIC PROJECT ONLY