WESTMINSTER WESTMINSTER PROJECT PROJECT Tennant Creek Tennant - - PowerPoint PPT Presentation

WESTMINSTER WESTMINSTER PROJECT PROJECT Tennant Creek Tennant Creek Northern Territory Northern Territory

Office: 13 Colin Street WEST PERTH WA 6872 Telephone: +61 8 932 Office: 13 Colin Street WEST PERTH WA 6872 Telephone: +61 8 932 7 7300 7 7300 Web: w w w .truscottmining.com.au E Web: w w w .truscottmining.com.au E-

• mail: admin@

truscottmining.com.au mail: admin@ truscottmining.com.au ACN: 116 420 378 ACN: 116 420 378

TRUSCOTT MINING CORPORATION LIMITED TRUSCOTT MINING CORPORATION LIMITED ASX Listed Company (Code :TRM) ASX Listed Company (Code :TRM)

AUSIMM AUSIMM Kalgoorlie Kalgoorlie 6.00pm 6.00pm 25 25 th

th May 2010

May 2010

Ivan Henderson Ivan Henderson

Junior Exploration Company Junior Exploration Company Junior Exploration Company Become a Poly Become a Poly Become a Poly-

• Metallic producer within the Northern Territory.

Metallic producer within the Northern Territory. Metallic producer within the Northern Territory. Focused within 25km of the Tennant Creek Focused within 25km of the Tennant Creek Focused within 25km of the Tennant Creek Target High Grade Iron Oxide Copper Gold Systems Target High Grade Iron Oxide Copper Gold Systems Target High Grade Iron Oxide Copper Gold Systems

COMPANY FOCUS COMPANY FOCUS

Truscott Mining Corporation Truscott Mining Corporation Truscott Mining Corporation Listed on ASX in April 2007 Listed on ASX in April 2007 Listed on ASX in April 2007 ASX code: TRM ASX code: TRM ASX code: TRM Address: 13 Colin Street, West Perth, WA 6005 Address: 13 Colin Street, West Perth, WA 6005 Address: 13 Colin Street, West Perth, WA 6005 Website: www.truscottmining.com.au Website: www.truscottmining.com.au Website: www.truscottmining.com.au

COMPANY INFORMATION COMPANY INFORMATION

• A poly

A poly A poly-

• metallic system

metallic system metallic system

• High aggregate values of differing mineral assemblages have been

High aggregate values of differing mineral assemblages have been High aggregate values of differing mineral assemblages have been identified identified identified

• Mineralisation is associated with a Iron Oxide Gold Copper Syst

Mineralisation is associated with a Iron Oxide Gold Copper Syst Mineralisation is associated with a Iron Oxide Gold Copper System em em

• At Least Six Mineralised Shoots Identified

At Least Six Mineralised Shoots Identified At Least Six Mineralised Shoots Identified

• Down Plunge Continuity exceeds 200m

Down Plunge Continuity exceeds 200m Down Plunge Continuity exceeds 200m

• Remains Open at Depth.

Remains Open at Depth. Remains Open at Depth.

WESTMINSTER PROJECT SUMMARY WESTMINSTER PROJECT SUMMARY

WHERE IS TENNANT CREEK? WHERE IS TENNANT CREEK? 510Km North of Alice Springs along Stuart Highway 510Km North of Alice Springs along Stuart Highway 510Km North of Alice Springs along Stuart Highway

WHY LOOK IN TENNANT CREEK? WHY LOOK IN TENNANT CREEK?

Since 1932 the field has produced: Since 1932 the field has produced: Since 1932 the field has produced: 130.2 t Au, 130.2 t Au, 130.2 t Au, 345 000 t Cu, 345 000 t Cu, 345 000 t Cu, 14 000 t Bi, 14 000 t Bi, 14 000 t Bi, 220 t Se and 220 t Se and 220 t Se and 56 t Ag 56 t Ag 56 t Ag 5.5 million ounces of gold at an average 5.5 million ounces of gold at an average 5.5 million ounces of gold at an average recovered grade of 19g/t Au. recovered grade of 19g/t Au. recovered grade of 19g/t Au.

WHY IS TENNANT CREEK THERE? WHY IS TENNANT CREEK THERE?

Tennant Creek Tennant Creek Tennant Creek

Named in 1860 after John Tennant, Named in 1860 after John Tennant, Named in 1860 after John Tennant, Pastoralist from Port Lincoln, SA Pastoralist from Port Lincoln, SA Pastoralist from Port Lincoln, SA by John McDougall Stuart, for financial help for by John McDougall Stuart, for financial help for by John McDougall Stuart, for financial help for Stuart's expeditions across Australia. Stuart's expeditions across Australia. Stuart's expeditions across Australia. Myth Myth Myth – – – Horse Cart bogged in creek Horse Cart bogged in creek Horse Cart bogged in creek

TENNANT CREEK GEOLOGY TENNANT CREEK GEOLOGY -

• STRATIGRAPHY

STRATIGRAPHY

• Warramunga Formation

Warramunga Formation Warramunga Formation -

• greywacke, siltstone, shale & felsic volcanic rocks

greywacke, siltstone, shale & felsic volcanic rocks greywacke, siltstone, shale & felsic volcanic rocks deposited 1862 Ma. deposited 1862 Ma. deposited 1862 Ma.

TENNANT CREEK GEOLOGY TENNANT CREEK GEOLOGY -

• DEFORMATION

DEFORMATION

• Tight upright folds

Tight upright folds Tight upright folds

• Subvertical, east

Subvertical, east Subvertical, east – – – west slaty cleavage west slaty cleavage west slaty cleavage

• Lower greenschist

Lower greenschist Lower greenschist-

• facies metamorphism.

facies metamorphism. facies metamorphism.

• Progressive dextral Shearing

Progressive dextral Shearing Progressive dextral Shearing

• Large

Large Large-

• scale, east

scale, east scale, east-

• trending open folds

trending open folds trending open folds

• Granites & Lamprophyre dykes and sills.

Granites & Lamprophyre dykes and sills. Granites & Lamprophyre dykes and sills.

TENNANT CREEK GEOLOGY TENNANT CREEK GEOLOGY -

• IRONSTONES

IRONSTONES Irregular, flattened, ellipsoidal and pipe shaped Irregular, flattened, ellipsoidal and pipe shaped Irregular, flattened, ellipsoidal and pipe shaped From a few tonnes to over 15 Mt From a few tonnes to over 15 Mt From a few tonnes to over 15 Mt Discordant to bedding, with only a few being near Discordant to bedding, with only a few being near Discordant to bedding, with only a few being near-

• concordant

concordant concordant Lines of lodes Lines of lodes Lines of lodes’ ’’ can be traced discontinuously along east can be traced discontinuously along east can be traced discontinuously along east-

• trending

trending trending

• rientations .
• rientations .
• rientations .

Relationship between mineralised ironstone and Relationship between mineralised ironstone and Relationship between mineralised ironstone and ‘ ‘‘haematite shale haematite shale haematite shale’ ’’ beds. beds. beds.

TENNANT CREEK GEOLOGY TENNANT CREEK GEOLOGY -

• IRONSTONES

IRONSTONES

TENNANT CREEK GEOLOGY TENNANT CREEK GEOLOGY -

• MINERALISATION

MINERALISATION

• Deposits located in east

Deposits located in east Deposits located in east-

• trending, brittle

trending, brittle trending, brittle-

• ductile shear zones and faults.

ductile shear zones and faults. ductile shear zones and faults.

• Au

Au Au± ± ±Cu Cu Cu± ± ±Bi mineralisation in discordant ironstone pods & hydrothermally Bi mineralisation in discordant ironstone pods & hydrothermally Bi mineralisation in discordant ironstone pods & hydrothermally altered metasedimentary rocks, adjacent to and below the ironsto altered metasedimentary rocks, adjacent to and below the ironsto altered metasedimentary rocks, adjacent to and below the ironstones. nes. nes.

• Of the 17 mined gold deposits, six have significant copper and

Of the 17 mined gold deposits, six have significant copper and Of the 17 mined gold deposits, six have significant copper and bismuth bismuth bismuth contents. contents. contents.

• Deposits also produced silver, and minor selenium

Deposits also produced silver, and minor selenium Deposits also produced silver, and minor selenium

TENNANT CREEK GEOLOGY TENNANT CREEK GEOLOGY -

• ALTERATION

ALTERATION

• Primary gold is concentrated towards the base, or in the footwa

Primary gold is concentrated towards the base, or in the footwa Primary gold is concentrated towards the base, or in the footwall of the ll of the ll of the ironstones. ironstones. ironstones.

• Many of the subsurface Au

Many of the subsurface Au Many of the subsurface Au-

• Cu

Cu Cu-

• Bi deposits are characterised by

Bi deposits are characterised by Bi deposits are characterised by intensive chlorite and dolomite intensive chlorite and dolomite intensive chlorite and dolomite-

• talc alteration and sericitisation.

talc alteration and sericitisation. talc alteration and sericitisation.

TENNANT CREEK TENNANT CREEK – – HISTORICAL EXPLORATION HISTORICAL EXPLORATION

Prospecting Prospecting Prospecting

• Traces of gold found near Tennant Creek in 1874,

Traces of gold found near Tennant Creek in 1874, Traces of gold found near Tennant Creek in 1874,

• No significant mining or prospecting took place until 1932

No significant mining or prospecting took place until 1932 No significant mining or prospecting took place until 1932

• Lack of gold in quartz veins and absence of alluvial gold disco

Lack of gold in quartz veins and absence of alluvial gold disco Lack of gold in quartz veins and absence of alluvial gold discouraged uraged uraged early prospectors. early prospectors. early prospectors.

• Later, it was realised that gold is associated with ironstone b

Later, it was realised that gold is associated with ironstone b Later, it was realised that gold is associated with ironstone bodies and not

• dies and not
• dies and not

quartz veins. quartz veins. quartz veins.

TENNANT CREEK TENNANT CREEK – – HISTORICAL EXPLORATION HISTORICAL EXPLORATION

Magnetic Surveys Magnetic Surveys Magnetic Surveys

• Exploration relied on the magnetic signatures of the Ironstone

Exploration relied on the magnetic signatures of the Ironstone Exploration relied on the magnetic signatures of the Ironstones hosts. s hosts. s hosts.

• Airbornemagnetic surveys, flown by BMR in 1956 and 1960 discov

Airbornemagnetic surveys, flown by BMR in 1956 and 1960 discov Airbornemagnetic surveys, flown by BMR in 1956 and 1960 discovered ered ered significant orebodies. significant orebodies. significant orebodies.

• Further airborne surveys in the 1970s and generated over 100 ne

Further airborne surveys in the 1970s and generated over 100 ne Further airborne surveys in the 1970s and generated over 100 new targets, w targets, w targets, all of which were drilled to some extent. all of which were drilled to some extent. all of which were drilled to some extent.

TENNANT CREEK TENNANT CREEK – – SUCCESS STORIES SUCCESS STORIES

Warrego Warrego Warrego

• 45 km NW of Tennant Creek

45 km NW of Tennant Creek 45 km NW of Tennant Creek

• 38 t Au, 91 500 t Cu, ca 12 000 t Bi and ca 5.5 t Ag from

38 t Au, 91 500 t Cu, ca 12 000 t Bi and ca 5.5 t Ag from 38 t Au, 91 500 t Cu, ca 12 000 t Bi and ca 5.5 t Ag from 4.95 Mt of ore. (8g/tAu) 4.95 Mt of ore. (8g/tAu) 4.95 Mt of ore. (8g/tAu)

• 2200 nT magnetic anomaly from BMR airborne

2200 nT magnetic anomaly from BMR airborne 2200 nT magnetic anomaly from BMR airborne magnetic survey in 1956. magnetic survey in 1956. magnetic survey in 1956.

Nobles Nob Nobles Nob Nobles Nob -

• 13 km SE of Tennant Creek

13 km SE of Tennant Creek 13 km SE of Tennant Creek

• 1933, payable gold was struck at a depth of 16.5 m

1933, payable gold was struck at a depth of 16.5 m 1933, payable gold was struck at a depth of 16.5 m

• 1939

1939 1939 – – – 1943, about 3582 t of ore mined for 80.5 kg Au. 1943, about 3582 t of ore mined for 80.5 kg Au. 1943, about 3582 t of ore mined for 80.5 kg Au.

• 1949

1949 1949 – – – 1985 34.5 t Au from 2.14 Mt of ore (17g/tAu) 1985 34.5 t Au from 2.14 Mt of ore (17g/tAu) 1985 34.5 t Au from 2.14 Mt of ore (17g/tAu)

White Devil White Devil White Devil

• 35 km northwest of Tennant Creek.

35 km northwest of Tennant Creek. 35 km northwest of Tennant Creek.

• 1937

1937 1937 – – – 1941, 4.2 kg Au from 379 t of ore. 1941, 4.2 kg Au from 379 t of ore. 1941, 4.2 kg Au from 379 t of ore.

• Later 19.84 t from 1.3 Mt of ore (15.2g/tAu)

Later 19.84 t from 1.3 Mt of ore (15.2g/tAu) Later 19.84 t from 1.3 Mt of ore (15.2g/tAu)

TC8 TC8 TC8

• 4.5 km W of Tennant Creek

4.5 km W of Tennant Creek 4.5 km W of Tennant Creek

• identified in 1970 by a low

identified in 1970 by a low identified in 1970 by a low-

• level aeromagnetic survey

level aeromagnetic survey level aeromagnetic survey

• 1986

1986 1986 – – – 1988 1420 kg Au from 80 000 t of ore. (18.0g/tAu) 1988 1420 kg Au from 80 000 t of ore. (18.0g/tAu) 1988 1420 kg Au from 80 000 t of ore. (18.0g/tAu)

Juno Juno Juno -

• 8 km SE of Tennant Creek

8 km SE of Tennant Creek 8 km SE of Tennant Creek

• 26.13 t Au, 1440 t Cu, 2295 t Bi and 2.752 t Ag from 455 000t o

26.13 t Au, 1440 t Cu, 2295 t Bi and 2.752 t Ag from 455 000t o 26.13 t Au, 1440 t Cu, 2295 t Bi and 2.752 t Ag from 455 000t of ore. f ore. f ore.

• magnetic anomaly from BMR airborne magnetic survey in 1937

magnetic anomaly from BMR airborne magnetic survey in 1937 magnetic anomaly from BMR airborne magnetic survey in 1937

• first lode intersection in 1965 (57.0g/tAu)

first lode intersection in 1965 (57.0g/tAu) first lode intersection in 1965 (57.0g/tAu) TENNANT CREEK TENNANT CREEK – – SUCCESS STORIES SUCCESS STORIES

Company Makers Company Makers Company Makers

• Normandy Poseidon Gold Ltd

Normandy Poseidon Gold Ltd Normandy Poseidon Gold Ltd

• Peko

Peko Peko-

• Wallsend Ltd

Wallsend Ltd Wallsend Ltd

• North Flinders Mines NL

North Flinders Mines NL North Flinders Mines NL TENNANT CREEK TENNANT CREEK – – SUCCESS STORIE SUCCESS STORIES

S

TENNANT CREEK TENNANT CREEK – – SUCCESS STORIES SUCCESS STORIES

Short comings Short comings Short comings

• Magnetic Anomaly often masked by disseminated magnetite.

Magnetic Anomaly often masked by disseminated magnetite. Magnetic Anomaly often masked by disseminated magnetite.

• Not all Ironstones are gold bearing.

Not all Ironstones are gold bearing. Not all Ironstones are gold bearing.

• Outcropping Ironstones may not extend at depth and have little

Outcropping Ironstones may not extend at depth and have little Outcropping Ironstones may not extend at depth and have little magnetic expression. magnetic expression. magnetic expression.

• Economic gold mineralisation occurs in small pods within a larg

Economic gold mineralisation occurs in small pods within a larg Economic gold mineralisation occurs in small pods within a large e e ironstone body. ironstone body. ironstone body.

• For three decades to 1980, the major gold producer in the Nor

For three decades to 1980, the major gold producer in the Nor For three decades to 1980, the major gold producer in the Northern Territory thern Territory thern Territory

• By 1990, known gold reserves had largely been depleted,

By 1990, known gold reserves had largely been depleted, By 1990, known gold reserves had largely been depleted,

• The gold potential of this province is still considered high and

The gold potential of this province is still considered high and The gold potential of this province is still considered high and the area the area the area continues to attract exploration interest. continues to attract exploration interest. continues to attract exploration interest. Westgold Resources Westgold Resources Westgold Resources Emmerson Resources Emmerson Resources Emmerson Resources Excalibur Mining Excalibur Mining Excalibur Mining Adelaide Resources Adelaide Resources Adelaide Resources

• New Techniques are being used to assess the potential.

New Techniques are being used to assess the potential. New Techniques are being used to assess the potential. TENNANT CREEK TENNANT CREEK – – POTENTIAL POTENTIAL

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• LEASES

LEASES

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• LEASES

LEASES

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• DATA COMPILATION

DATA COMPILATION

Data Compilation Data Compilation Data Compilation

High grade gold intercepts of: High grade gold intercepts of: High grade gold intercepts of: 5m at 10.94g/t Au, 5m at 10.94g/t Au, 5m at 10.94g/t Au, 2m at 8.27g/t Au, 2m at 8.27g/t Au, 2m at 8.27g/t Au, 1.8m at 11.3g/t Au 1.8m at 11.3g/t Au 1.8m at 11.3g/t Au 5.0m at 39.42g/t Au 5.0m at 39.42g/t Au 5.0m at 39.42g/t Au 3.0m at 10.50g/t Au, including 1m at 26.3g/t Au 3.0m at 10.50g/t Au, including 1m at 26.3g/t Au 3.0m at 10.50g/t Au, including 1m at 26.3g/t Au from historical drill holes from historical drill holes from historical drill holes

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• OLD CORE

OLD CORE

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• OUTCROP MAPPING

OUTCROP MAPPING

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• OUTCROP MAPPING

OUTCROP MAPPING

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• MAPPING

MAPPING

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• AUGER GEOCHEMISTRY

AUGER GEOCHEMISTRY Au, Cu, Bi, Pb, Zn Anomalism Coincident with Alteration Au, Cu, Bi, Pb, Zn Anomalism Coincident with Alteration Au, Cu, Bi, Pb, Zn Anomalism Coincident with Alteration -

• Shear Zone

Shear Zone Shear Zone

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• MAGNETIC SURVEY

MAGNETIC SURVEY

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• GRAVITY SURVEY

GRAVITY SURVEY

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• GRAVITY SURVEY

GRAVITY SURVEY

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT – – CORE DRILLING CORE DRILLING

Initial Drilling Results Initial Drilling Results Initial Drilling Results

A poly A poly A poly-

• metallic system has been defined for a diverse mineral assemblag

metallic system has been defined for a diverse mineral assemblag metallic system has been defined for a diverse mineral assemblage. e. e. Precious Metals Precious Metals Precious Metals Gold Gold Gold – – – 4.95g/t 4.95g/t 4.95g/t Silver 685g/t Silver 685g/t Silver 685g/t Speciality Metals Speciality Metals Speciality Metals Molybdenum 6110g/t Molybdenum 6110g/t Molybdenum 6110g/t Bismuth 2830g/t Bismuth 2830g/t Bismuth 2830g/t Base Metals Base Metals Base Metals Copper 5.4% Copper 5.4% Copper 5.4% Lead 13.7% Lead 13.7% Lead 13.7% Zinc 5.3% Zinc 5.3% Zinc 5.3% Energy Metals Energy Metals Energy Metals Uranium 140 ppm Uranium 140 ppm Uranium 140 ppm TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• DRILLING

DRILLING

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• LONG SECTION

LONG SECTION

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• 3D MODELLING

3D MODELLING

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• INTERPRETATION

INTERPRETATION

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• DRILL RESULTS

DRILL RESULTS

09WMRC041 09WMRC041 09WMRC041

• 5m @ 23.53g/t Au from 83m

5m @ 23.53g/t Au from 83m 5m @ 23.53g/t Au from 83m

• 1m @ 13.05g/t Au from 105m

1m @ 13.05g/t Au from 105m 1m @ 13.05g/t Au from 105m

09WMRC031 09WMRC031 09WMRC031

• 2m @ 26.28g/t Au from 46m

2m @ 26.28g/t Au from 46m 2m @ 26.28g/t Au from 46m

• 2m @ 4.04g/t Au from 56m

2m @ 4.04g/t Au from 56m 2m @ 4.04g/t Au from 56m

09WMRC036 09WMRC036 09WMRC036

• 3m @ 1.78g/t Au from 15m,

3m @ 1.78g/t Au from 15m, 3m @ 1.78g/t Au from 15m,

• 3m @ 1.46g/t Au from 33m

3m @ 1.46g/t Au from 33m 3m @ 1.46g/t Au from 33m

09WMRC029 09WMRC029 09WMRC029

• 1.0m @ 2.58% Cu, 0.65g/t Au from 98m

1.0m @ 2.58% Cu, 0.65g/t Au from 98m 1.0m @ 2.58% Cu, 0.65g/t Au from 98m

09WMRC021 09WMRC021 09WMRC021

• 6.0m @ 3.25% Cu. 1.09g/t Au from 54m

6.0m @ 3.25% Cu. 1.09g/t Au from 54m 6.0m @ 3.25% Cu. 1.09g/t Au from 54m

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• TRANSFORM SECTION

TRANSFORM SECTION

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT -

• INTERPRETED LODES

INTERPRETED LODES

TRUSCOTT MINING TRUSCOTT MINING WESTMINSTER PROJECT WESTMINSTER PROJECT – – POTENTIAL POTENTIAL

DISCLAIMER DISCLAIMER

This presentation has been prepared by Truscott Mining Corporation Limited (“Truscott” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase of any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the company will be entered into on the basis of this presentation. This presentation contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. Truscott has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this

• presentation. Accordingly, to the maximum extent permitted by applicable laws, Truscott makes no representation and can give no

assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation. You should not act or refrain from acting in reliance on this presentation material. This overview of Truscott does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s

• prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and

completeness of the information, statements and opinions contained in this presentation before making any investment decision.

COMPETENT PERSON COMPETENT PERSON

The contents of this report, that relate to geology and exploration results, are based on information reviewed by Ivan Henderson, who is a Member of the Australian Institute of Geoscientists. He has sufficient experience relevant to the style of mineralisation and types of deposit under consideration and to the activity being undertaken 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. Ivan Henderson consents to the inclusion in this report of the matters compiled by them in the form and context in which they appear. . .