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Annual General MeetingAnnual General MeetingNovember 2006November 2006
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What we’ve doneWhat we’ve done
Where we areWhere we are
Barra Resources LtdBarra Resources LtdThe Year in SummaryThe Year in Summary
High Grade Wahloo Shoot discovered at the Burbank’s Gold Project.High Grade Wahloo Shoot discovered at the Burbank’s Gold Project.
Doubled Burbank’s resource base to 74,000 ounces.Doubled Burbank’s resource base to 74,000 ounces.
Commenced Underground Mine Production with First Gold poured in Commenced Underground Mine Production with First Gold poured in August 2006.August 2006.
Capital Raisings totalling $4.8M.Capital Raisings totalling $4.8M.
Options converted raising $4.6MOptions converted raising $4.6M
Increased Market Capitalisation from $15.6M to $39.0M.Increased Market Capitalisation from $15.6M to $39.0M.
Significant cash reserves in-excess of $5.0M.Significant cash reserves in-excess of $5.0M.
Aggressive underground and surface drilling programs underway to Aggressive underground and surface drilling programs underway to extend existing 74,000 oz resource.extend existing 74,000 oz resource.
Underground development on schedule with Stoping operations Underground development on schedule with Stoping operations commenced on the 330 level and strike driving well advanced on the commenced on the 330 level and strike driving well advanced on the 310 level. 310 level.
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Barra ProjectsBarra Projects
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Location of Burbanks MineLocation of Burbanks Mine
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Burbank’s Gold MineBurbank’s Gold Mine
Underground Diamond DrillingUnderground Diamond Drilling
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Wahloo Shoot Diamond Hole BBUD004Wahloo Shoot Diamond Hole BBUD00444m @ 13.9g/t44m @ 13.9g/t
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Burbank’s Gold Mine Burbank’s Gold Mine Portal EntrancePortal Entrance
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Burbank’s Gold MineBurbank’s Gold MineDecline DevelopmentDecline Development
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Burbank’s Gold MineBurbank’s Gold Mine
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Tailor ShootTailor ShootHigh Grade OreHigh Grade Ore
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Barra ProjectsBarra Projects
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Phillips FindPhillips FindInterpreted Geology and Prospect LocationInterpreted Geology and Prospect Location
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Phillips Find Phillips Find Current Mining OpportunitiesCurrent Mining Opportunities
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Riverina Gold and Nickel JVRiverina Gold and Nickel JVProspect Location, Significant Gold and Nickel Intercepts Prospect Location, Significant Gold and Nickel Intercepts
Barra Resources 30%, Riverina Resources 70% (Manager)Barra Resources 30%, Riverina Resources 70% (Manager)
Riverina Gold Mine Area Riverina Gold Mine Area
3m @ 20.54g/t3m @ 20.54g/t
2m @ 18.55g/t2m @ 18.55g/t
12m @ 5.81g/t12m @ 5.81g/t
15m @ 3.14g/t15m @ 3.14g/t
6m @ 5.59g/t6m @ 5.59g/t
Martin Zone Nickel SulphideMartin Zone Nickel Sulphide
4m @ 1.41% Ni4m @ 1.41% Ni
includingincluding 2m @ 2.16% Ni2m @ 2.16% Ni
2m @ 1.55% Ni2m @ 1.55% Ni
0.24m @ 3.39% Ni0.24m @ 3.39% Ni
0.20m @ 1.25% Ni0.20m @ 1.25% Ni
0.50m @ 1.00% Ni0.50m @ 1.00% Ni
Martin Zone Nickel LateriteMartin Zone Nickel Laterite
12m @ 1.65% Ni12m @ 1.65% Ni
25m @ 1.37% Ni25m @ 1.37% Ni
including 5m @ 2.98% Ni including 5m @ 2.98% Ni
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Riverina Gold Mine AreaRiverina Gold Mine AreaPotential Open Pit location and Resource SummaryPotential Open Pit location and Resource Summary
Optimised Open Pit at A$750/oz contains Optimised Open Pit at A$750/oz contains 137,278 t @ 4.77g/t for 19,571 oz’s to 75m 137,278 t @ 4.77g/t for 19,571 oz’s to 75m depth realising $4.66M in operating profit.depth realising $4.66M in operating profit.
Optimised Open Pit at A$900/oz contains Optimised Open Pit at A$900/oz contains 275,312 t @ 5.89g/t for 48,445 oz’s to 145m 275,312 t @ 5.89g/t for 48,445 oz’s to 145m depth realising $7.75M in operating profit.depth realising $7.75M in operating profit.
Total Gold Resources at Riverina Mine Area Total Gold Resources at Riverina Mine Area stand at 693,522 t @ 4.85g/t for 108,245 oz’s.stand at 693,522 t @ 4.85g/t for 108,245 oz’s.
Total Gold Resources for the Riverina Project Total Gold Resources for the Riverina Project stand at 1,375,246 t @ 3.89g/t for 172,196 oz’s. stand at 1,375,246 t @ 3.89g/t for 172,196 oz’s.
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Martin Zone Nickel SulphidesMartin Zone Nickel SulphidesLong section looking WestLong section looking West
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Quinn Hills ProjectQuinn Hills ProjectProspect location and Significant Gold InterceptsProspect location and Significant Gold Intercepts
Quinn’s Mine Quinn’s Mine 9m @ 17g/t 9m @ 17g/t
4m @ 9.6g/t4m @ 9.6g/t
Boudie Rat PitBoudie Rat Pit 12m @ 9.5g/t 12m @ 9.5g/t
28m @ 5.0g/t28m @ 5.0g/t
Forrest BelleForrest Belle 6m @11.3g/t 6m @11.3g/t
5m @ 8.7g/t5m @ 8.7g/t
Boudie WestBoudie West 7m @ 2.3g/t 7m @ 2.3g/t
BoticelliBoticelli 13m @ 2.3g/t 13m @ 2.3g/t
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Barra Resources Ltd Barra Resources Ltd The Near FutureThe Near Future
Where we’re goingWhere we’re going Burbank’s – Aggressive underground diamond Burbank’s – Aggressive underground diamond drilling programs to extend existing 74,000 oz drilling programs to extend existing 74,000 oz resource. RC drilling to test significant coincident resource. RC drilling to test significant coincident along strike auger gold geochemical and along strike auger gold geochemical and aeromagnetic targets at surface.aeromagnetic targets at surface.
Phillips Find - Diamond drilling program into Phillips Find - Diamond drilling program into Newminster Gold Resource to assess open pit Newminster Gold Resource to assess open pit resource potential. RC drilling programs to test resource potential. RC drilling programs to test regional targets.regional targets.
Quinn Hills - Drilling down plunge and along strike Quinn Hills - Drilling down plunge and along strike continuations of high grade gold mineralisation continuations of high grade gold mineralisation intersected beneath historical underground and intersected beneath historical underground and Open Pit positions. Open Pit positions.
Riverina - Continue Nickel sulphide exploration Riverina - Continue Nickel sulphide exploration drilling at Martins Zone. Support Gold Open Pit drilling at Martins Zone. Support Gold Open Pit development at The Riverina Mine Area.development at The Riverina Mine Area.
Actively looking for New Projects to bolster existing Actively looking for New Projects to bolster existing impressive project portfolio. impressive project portfolio.