June 2011 Quarterly Activities Report - Dampier Gold · *These intercepts include samples composited over 4m intervals. **True widths range between 85% and 100% of downhole widths

Dampier Gold Limited Page 1 ACN 141 703 399

27th July 2011

June 2011 Quarterly Activities Report

SUMMARY

• Project Mineral Resource base grows to 553,000 ounces of gold

• RC drilling continues at Cinnamon and

advances into new target at Skyhawk • Impressive widths of mineralisation

continue to be intersected at Cinnamon. Highlights include;

DBDRC0017: 31m at 3.80g/t Au (from 98m) incl. 21m at 5.04g/t Au (from 104m) DBDRC0029: 24m at 2.89g/t Au (from 132m) incl. 5m at 8.29g/t Au (from 150m) • Maiden drilling program at Skyhawk

intersects considerable widths of mineralisation beneath former laterite pit;

DSHRC0004: 31m at 1.76g/t Au (from 65m) incl. 12m at 2.49g/t Au (from 65m)

• Drilling with multi-purpose diamond /

RC rig set to commence later this month at Skyhawk, Trident, K2, Prickley’s West and Cinnamon

• RAB / aircore rig contracted to

commence assessment of high priority exploration targets

• Cash balance at end of quarter: $13.3M • Management changes to come into

effect in August

Dampier Gold is positioning itself to be among the next generation of Australian gold producers. The Company is evaluating and exploring ~700km² of the Plutonic – Marymia Greenstone Belt in central Western Australia with a view to near-term gold production. The project currently hosts defined Mineral Resources of 553,000 ounces of gold. ASX CODE: DAU CURRENT SHARE PRICE: $0.29 CASH BALANCE (30 June 2011): $13.3M ISSUED CAPITAL: 54.4M ordinary shares DIRECTORS

Dr Russell Skirrow Chairman

Mr Richard Burden Non-Executive Director

Mr Philip Retter Non-Executive Director MANAGEMENT

Dr Julian Stephens Chief Executive Officer

Mr Richard Hay Chief Operations Officer

Mr Brendan Cocks Chief Financial Officer www.dampiergold.com Level 3, 8 Colin Street West Perth 6005 Western Australia

http://www.dampiergold.com/�


1.

Resource and Mining Studies

During the Quarter, an updated resource estimate was completed for the PPP deposit which added 24,000 ounces of gold to the previous estimate (increase of 90%). The current Inferred and Indicated resource at PPP now stands at 0.49Mt at 3.2g/t Au for 51,000 ounces of gold. The Plutonic Dome Project Mineral Resource base now stands at 553,000 ounces of gold. A breakdown of this resource is provided in the following table:

Table 1. Plutonic Dome Project Mineral Resource – April 2011

Deposit

OP/ UG

Measured Indicated Inferred Total

Tonnes Grade (g/t Au)




Contained metal (oz)

***K2, K3 OP 19,000 3.2 197,000 4.7 272,000 2.1 489,000 3.2 50,200

UG - - 158,000 6.5 87,000 5.2 245,000 6.1 47,600

Sub-total 19,000 3.2 355,000 5.5 359,000 2.8 734,000 4.1 97,800

*Trident OP - - - - - - - - -

UG - - 787,000 6.2 1,072,000 4.9 1,859,000 5.5 326,100

Sub-total - - 787,000 6.2 1,072,000 4.9 1,859,000 5.5 326,100

**Albatross - Flamingo

OP - - 194,000 1.8 103,000 2.8 297,000 2.2 20,800

UG - - - - - - - - -

Sub-total - - 194,000 1.8 103,000 2.8 297,000 2.2 20,800

***K1 OP 504,000 2.1 103,000 2.0 145,000 3.7 752,000 2.4 57,800

UG - - - - - - - - -

Sub-total 504,000 2.1 103,000 2.0 145,000 3.7 752,000 2.4 57,800

***PPP OP - - 203,000 2.7 70,000 2.4 273,000 2.6 23,000

UG - - 129,000 3.9 92,000 3.9 221,000 3.9 27,900

Sub-total - - 332,000 3.2 162,000 3.3 494,000 3.2 50,900

Total OP 523,000 2.1 697,000 2.9 590,000 2.6 1,811,000 2.6 151,800

Total UG - - 1,074,000 6.0 1,251,000 4.8 2,325,000 5.4 401,600

Grand Total 523,000 2.1 1,771,000 4.8 1,841,000 4.1 4,136,000 4.2 OP = open pit, UG = underground. *Trident resource based on parameters detailed in an ASX announcement on 29th November

553,400

2010. **Open pit resources reported within an optimised pit shell at A$845/oz Au. *** Open pit resources reported within an optimised pit shell at A$1,600/oz Au. Due to rounding, tonnages and grades may not equate to exact contained ounces. 100% equity basis.

Preliminary output on the K1, K2 and PPP deposits from the open pit scoping study that was initiated during the Quarter indicated sub-optimal levels of ore production and an unattractive return on capital employed using conservative forward gold price assumptions. The Company therefore elected to suspend further work on the study in favour of accelerating the evaluation of its other priority targets (refer to following section) with a view to expanding the open pit resource base in advance of completing any further work on the study.


2. Drilling During the June Quarter, RC drilling continued at Cinnamon, Trident and K1, and advanced into the Keillor East and Skyhawk prospects (Figure 1).

Figure 1. Simplified geology and location map of the Plutonic Dome Project

Cinnamon Results were received for a further 19 RC drill holes completed at Cinnamon during the Quarter (Table 2). The Company is highly encouraged by these results, which to date have successfully outlined 2 thick lodes extending over a strike extent of around 350m (Figures 2 - 5). The results also highlight the potential of the poorly exposed host trend as a priority exploration target.

Cinnamon is characterised by a unique style of conglomerate-hosted gold mineralisation not specifically targeted by the former owners of the project. There are notable geological similarities between Cinnamon and the substantial conglomerate-hosted Archaean gold deposits found along the Emu Shear at Agnew and at Wallaby near Laverton in WA.

The Company is currently compiling the drilling and geological data in order to complete a review of the Cinnamon geological model. Preparations and permitting are underway for the next campaign of detailed RC and diamond drilling, and exploratory RAB and aircore drilling along the poorly exposed but highly prospective host trend.


Table 2. Summary of Cinnamon Drilling Results (above 0.5 g/t Au) Hole ID Local E Local N Dip Local

Azimuth Total Depth

(m)

From (m)

To (m)

Width* (m)

Au (g/t)

DBDRC0012 26220 8390 -60 180 147

20 98

108

22 99

113

2 1 5

0.95 5.41 1.82

DBDRC0013 26200 8310 -60 180 150 138 139 1 3.08

DBDRC0014 26200 8270 -60 180 114 67 89

69 90

2 1

0.89 1.11

DBDRC0015 26240 8310 -60 180 140 incl.

93 103

104 104

11 1

0.91 4.37

DBDRC0017 26260 8400 -60 180 182

incl.

15 94 98

104

18 95

129 125

3 1

31 21

1.29 1.30 3.80 5.04

DBDRC0018 26280 8340 -60 180 144

58 74 94

114

59 78 96

115

1 4 2 1

1.06 0.76 3.08 1.01

DBDRC0020 26340 8350 -60 180 126 68 113 134

69 116 137

1 3 3

6.10 0.92 1.35

DBDRC0021 26240 8380 -90 000 236

incl.

incl.

115 125 131 149 160 175

120 143 136 161 161 180

5 18 5

12 1 5

1.57 2.16 3.92 1.15 6.76 1.49

DBDRC0022 26240 8230 -60 180 156 NSR

DBDRC0024

26220 8310 -60 180 174

44 97

113

46 100 114

2 3 1

1.21 2.02 1.21

DBDRC0025 26240 8270 -60 180 96 56 61 5 1.30*

DBDRC0026 26280 8260 -60 180 140 4 6 2 0.58

DBDRC0027 26160 8350 -60 180 156 4 112

8 116

4 4

0.61 2.97

DBDRC0028 26260 8480 -60 180 130 incl.

85 86

118 127

113 88

121 130***

28 2 3 3

1.10 3.20 1.26 2.53

DBDRC0029 26260 8440 -60 180 195

incl.

32 65 71 83

110 119 132 150

36 68 72 84

114 122 156 155

4 3 1 1 4 3

24 5

2.07* 6.58 1.31 3.43 1.36 3.01 2.89 8.29

DBDRC0030 26260 8360 -60 180 170 67 75

68 79

1 4

3.93 0.80

DBDRC0031 26280 8340 -60 180 180 55 57 2 1.33 DBDRC0032 26220 8350 -60 180 150 65 71 6 0.98 DBDRC0033 26220 8430 -60 180 192

72 89

106 134 144 149 170

77 99

107 138 145 150 173

5 10 1 4 1 1 3

2.31* 0.57 1.07 3.90 1.63 2.16 0.92

*These intercepts include samples composited over 4m intervals. **True widths range between 85% and 100% of downhole widths for all holes except DBDRC0021 where the true width of mineralisation is estimated at 70%. ***Hole DBDRC0028 terminated prematurely in mineralisation and did not reach the Footwall Zone target.


Figure 2. Simplified plan of the Cinnamon prospect with selected drilling results

Figure 3. Cinnamon cross section 26240mE






Skyhawk During the Quarter, the Company completed an initial 7 hole RC drilling program at the Skyhawk prospect (Figures 1, 6 & 7). These holes were designed to test for gold mineralisation extending beneath a shallow laterite pit exploited by the former owners of the project.

The drill holes were successful in identifying significant oxide and primary gold mineralisation extending over a strike length of approximately 200m. The results are summarised in Table 3.

Table 3. Summary of RC drilling results from Skyhawk (above 0.5g/t Au cut-off) Hole ID Local E Local N Dip Local Azimuth Total Depth (m) From

(m) To (m)

Width* (m)

Au (g/t)

DSHRC0001 28420 7040 -60 180 140 105 110 5 0.69

DSHRC0002 28380 7000 -60 180 140 incl.

59 59 87

64 60 88

5 1 2

3.37 13.66 0.99

DSHRC0003 28340 7000 -60 180 132

incl.

64 71 71 84

65 80 73 87

1 9 2 3

2.60 1.66 3.80 0.74

DSHRC0004 28300 7010 -60 180 140 incl. incl.

65 65 92

96 77 96

31 12 4

1.76 2.49 4.42

DSHRC0005 28260 7022 -70 180 140 84 86 2 0.65

DSHRC0006 28220 7025 -60 180 140 68 84

104

76 89

105

8** 5 1

1.61 1.29 3.74

DSHRC0007 28180 7023 -70 180 140 incl.

117 117

133 123

16 6

1.43 2.54

*Widths presented are downhole widths. True widths are estimated at 90% - 100% of the downhole widths for all holes. **Interval from 68-76m in DSHRC0006 was sampled in 4m composites.

Given the current limited understanding of the bedrock geology, the Company is encouraged by the coherent nature and substantial widths of the mineralisation intersected to date (near true widths of up to 31m, Figure 7). The mineralisation remains open in all directions.

The results also provide more confidence in the prospectivity of the host trend, which has been subjected to limited previous exploration. A follow-up program of 19 RC / diamond holes is planned at Skyhawk for the second half of calendar 2011.


Figure 6. Simplified plan of the Skyhawk prospect with selected drilling results

Figure 7. Cross section 28300mE through the Skyhawk prospect


K1

Results from 11 in-fill holes completed at K1 were received and are summarised in Table 4. This program was designed to increase confidence in the geological model.

Table 4. Summary of RC drilling results from K1 (above 0.5g/t Au cut-off) Hole ID Local E Local N Dip Local Azimuth Total Depth (m) From

(m) To (m)

Width* (m)

Au (g/t)

DK1RC0001 9068 18500 -60 270 100

incl.

12 17 50 55 55

13 19 51 59 57

1 2 1 4 2

1.16 1.56 2.10

11.97 23.40

DK1RC0002 9070 18500 -80 270 120 NSR

DK1RC0003 9077 18480 -60 270 90

23 70 81

24 71 83

1 2 2

2.21 2.57 0.90

DK1RC0004 8853 18100 -60 270 50 17 19 2 0.70

DK1RC0005 9020 18100 -60 270 137

incl.

45 74 74

51 77 75

6 3 1

0.57 4.27 9.37

DK1RC0006 9050 18020 -60 270 147

65 80

76 82

11 2

0.59 0.58

DK1RC0007 9040 18040 -60 270

142 78 98

80 99

2 1

0.90 1.68

DK1RC0008 9058 17920 -60 270 112 68 70 2 0.56

DK1RC0009 9140 17960 -60 270 90 81 86 5 1.50

DK1RC0010 8960 18080 -60 270 90 13 75

14 77

1 2

3.76 0.60

DK1RC0014 8896 18780 -55 090 150

incl.

incl.

28 64 71 73 85 94

131 131

34 66 78 74 89 95

137 133

6 2 7 1 4 1 6 2

1.62 1.11 1.83 6.42 1.27 1.49 2.96 6.68

*Widths presented are downhole widths. True widths are estimated at 50% - 75% of the downhole width for holes DK1RC0001-0006, 0009, 0014 (131m-137m) and 90%-100% for all other intercepts. NSR denotes no significant results.

Keillor East At Keillor East, 8 holes were drilled to test a series of previously untested IP chargeability geophysical targets adjacent to the K1 and K2 resources. All the holes successfully intersected significant widths of silica-pyrite alteration typical of the mineralisation hosting the K1 and K2 deposits. While only anomalous gold results were returned (Table 5) further detailed work is planned over these and several other promising geophysical targets.


Table 5. Summary of RC drilling results from Keillor East (above 0.5g/t Au cut-off) Hole ID Local E Local N Dip Local Azimuth Total Depth (m) From

(m) To (m)

Width* (m)

Au (g/t)

DKERC0001 9300 17650 -55 090 162 NSR

DKERC0002 9350 17650 -55 090 120 NSR

DKERC0003 9350 17550 -55 090 132 NSR

DKERC0004 9300 17550 -55 090 150 124 128 4 0.51

DKERC0005 9260 17225 -55 090 132 NSR

DKERC0006 9260 17125 -55 090 156 86 88 2 0.67

DKERC0007 9140 18760 -55 090 120 NSR

DKERC0008 9100 18760 -55 090 180 NSR

*Widths presented are downhole widths. True widths are estimated at 55% - 70% of the downhole widths for all holes. NSR denotes no significant results.

Trident A total of 8 RC holes were completed at Trident targeting mineralisation up-dip of the current resource model. Two of the eight drill holes successfully intersected high grade mineralisation (Figure 8) outside of the resource model and demonstrated potential for additional shallow mineralisation that may fall within an open pit development. The Trident drilling results are summarised in Table 6. Further resource expansion drilling is planned at Trident during the forthcoming Quarter.

Table 6. Summary of RC drilling results from Trident (above 0.5g/t Au cut-off) Hole ID Local E Local N Dip Local Azimuth Total Depth (m) From

(m) To (m)

Width* (m)

Au (g/t)

DTRRC0004 12008 19560 -60 180 174 NSR

DTRRC0005 12048 19840 -60 180 168 NSR

DTRRC0006 12048 19600 -60 180 180 incl.

91 91

95 92

4 1

8.00 21.70

DTRRC0007 12048 19660 -60 180 180 NSR

DTRRC0008 12048 19880 -60 180 196 NSR

DTRRC0009 12050 19580 -60 180 150 91 93 2 5.10

DTRRC0010 12010 19600 -60 180 150 NSR

DTRRC0011 12050 19620 -60 180 150 NSR

*Widths presented are downhole widths. True widths are estimated at 80% - 100% of the downhole widths for all holes. NSR denotes no significant results. Holes DTRRC0004 – 0008 previously reported 19th May 2011. Holes DTRRC0009 – 0011 not previously reported


Figure 8. Cross section 19600mN at Trident

September Quarter drilling programs A multi-purpose diamond / RC rig is due on site in late July to continue the Company’s aggressive resource delineation and brown-fields exploration program. A combined total of 9,000m of diamond and RC drilling is planned for the second half of calendar 2011. This program will initially focus on the advanced targets at Skyhawk, Cinnamon, Trident, K2 (underground) and Prickley’s West.

A RAB / aircore rig is also scheduled to arrive on site in late July to commence a ~25,000m program that will test up to 14 high-priority regional targets across the Plutonic Dome Project.


3. Corporate

Dr Julian Stephens has tendered his resignation as CEO of Dampier Gold. As the inaugural CEO, Julian made a significant contribution to the advancement of the Company since its listing in August 2010. Under Julian's leadership, Dampier has assembled a strong technical team which has overseen the growth in the Plutonic Dome resource base by 85% to 553,000 ounces of gold. The Board would like to thank Julian for his efforts and wish him all the best in his future endeavours.

The Board is pleased to advise that Richard Hay has been appointed interim CEO of the Company effective upon Dr Stephen's departure in mid-August. Richard has occupied the role of Chief Operating Officer for the company since inception. He is a Geologist with 19 years operational experience in the Western Australian gold mining industry. Richard previously spent 14 years with Barrick Gold including 4 years as General Manager of the Darlot Gold Mine and is well placed to deliver Dampier's ambition to be among the next generation of Australian gold producers.

Contacts Dr Julian Stephens – CEO +61 411 144 531 [email protected]

Ben Jarvis – Six Degrees Media +61 413 150 448 [email protected]

About Dampier Gold

Dampier Gold has acquired 100% of the ~700km2 Plutonic Dome Project from Barrick Gold, covering the majority of the Plutonic Greenstone Belt, excluding Barrick’s underground mining and processing operation. Dampier’s project area produced some 580,000oz Au from 40 open pits in a generally low gold price environment between 1990 and 2005. The project currently contains a Mineral Resource of approximately 553,000oz Au (comprising a Measured Resource of some 0.5 Mt at 2.1g/t Au, an Indicated Resource of some 1.8 Mt at 4.8 g/t Au and an Inferred Resource of some 1.8Mt at 4.1g/t Au). The Company is actively evaluating its priority resource targets with a view to future gold production. Framework terms are in place for a proposed ore purchase agreement to access Barrick’s Plutonic processing facility. If agreed, this will help fast-track Dampier to producer status with modest capital outlay.

mailto:[email protected]�

mailto:[email protected]�


Competent Persons

The information in this report that relates to Exploration Results is based on information compiled and reviewed by Mr Greg Rawlinson, who is a Member of the Australian Institute of Mining and Metallurgy and General Manager Geology of Dampier Gold. Mr Rawlinson has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he has undertaken, to qualify as a Competent Person as defined in the 2004 JORC Code. Mr Rawlinson consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

The information in this report that relates to the PPP, Trident, K1 and K2-K3 Mineral Resources is based on information compiled and reviewed by Mr Aaron Green who is a Member of the Australian Institute of Geoscientists and full-time employee of Runge Limited. Mr Green has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he has undertaken, to qualify as a Competent Person as defined in the 2004 JORC Code. Mr Green consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

The information in this report that relates to the Albatross-Flamingo resource is based on information reviewed by Mr Richard Hay, who is a Member of the Australian Institute of Geoscientists and the Chief Operating Officer of Dampier Gold. Mr Hay has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he has undertaken, to qualify as a Competent Person as defined in the 2004 JORC Code. Mr Hay consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

Appendix 5B Mining exploration entity quarterly report

+ See chapter 19 for defined terms. 17/12/2010 Appendix 5B Page 1

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10

Name of entity

Dampier Gold Limited

ABN Quarter ended (“current quarter”)

43 141 703 399 30 June 2011

Consolidated statement of cash flows

Cash flows related to operating activities

Current quarter

$A’000

Year to date ( 12 Months )

$A’000

1.1 Receipts from product sales and related debtors

- -

1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration

(1,544) - -

(405)

(4,171) - -

(1,415) 1.3 Dividends received - - 1.4 Interest and other items of a similar nature

received 238 641

1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Other (provide details if material) - -

Net Operating Cash Flows

(1,711) (4,945)

Cash flows related to investing activities

1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets

- -

(38)

(621) -

(362) 1.9 Proceeds from sale of: (a) prospects

(b) equity investments (c) other fixed assets

- - -

- - -

1.10 Loans to other entities - - 1.11 Loans repaid by other entities - - 1.12 Other (provide details if material) - -

Net investing cash flows

(38) (983)

1.13 Total operating and investing cash flows (carried forward)

(1,749) (5,928)


+ See chapter 19 for defined terms. Appendix 5B Page 2 17/12/2010

1.13 Total operating and investing cash flows

(brought forward) (1,749) (5,928)

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc. - 20,050 1.15 Proceeds from sale of forfeited shares - - 1.16 Proceeds from borrowings - - 1.17 Repayment of borrowings - - 1.18 Dividends paid - - 1.19 Other (IPO Costs) - (871)

Net financing cash flows

- 19,179

Net increase (decrease) in cash held

(1,749)

13,251

1.20 Cash at beginning of quarter/year to date 15,090 90 1.21 Exchange rate adjustments to item 1.20 - -

1.22 Cash at end of quarter 13,341 13,341

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

Current quarter $A’000

1.23

Aggregate amount of payments to the parties included in item 1.2

41

1.24

Aggregate amount of loans to the parties included in item 1.10

-

1.25

Explanation necessary for an understanding of the transactions

Directors fees (including PAYG and Superannuation) and out of pocket expense reimbursements

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

None

2.2 Details of outlays made by other entities to establish or increase their share in projects in

which the reporting entity has an interest

None

Financing facilities available Add notes as necessary for an understanding of the position.



Amount available $A’000

Amount used $A’000

3.1 Loan facilities

- -

3.2 Credit standby arrangements

- -

Estimated cash outflows for next quarter

$A’000

4.1 Exploration and evaluation

2,300

4.2 Development

-

4.3 Production

-

4.4 Administration

550

Total

2,850

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.

Current quarter $A’000

Previous quarter $A’000

5.1 Cash on hand and at bank 1,111 1,110

5.2 Deposits at call 12,230 13,980

5.3 Bank overdraft - -

5.4 Other (provide details) - -

Total: cash at end of quarter (item 1.22)

13,341 15,090

Changes in interests in mining tenements Tenement

reference Nature of interest (note (2))

Interest at beginning of quarter

Interest at end of quarter

6.1 Interests in mining tenements relinquished, reduced or lapsed

6.2 Interests in mining tenements acquired or increased



Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates.

Total number Number quoted Issue price per security (see note 3) (cents)

Amount paid up per security (see note 3) (cents)

7.1 Preference +securities (description)

7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions

7.3 +Ordinary securities

54,350,004 43,790,002

7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs (c) Ordinary shares released from escrow

7.5 +Convertible debt securities (description)

7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted

7.7 Options (description and conversion factor)

6,000,000 5,000,000 5,000,000 1,950,000

- - - -

Exercise price $0.20 $0.50 $0.50 $1.12

Expiry date 31 December 2011 31 October 2011

31 December 2011 14 December 2013

7.8 Issued during quarter

- - - -

7.9 Exercised during quarter

- - - -



7.10 Expired during quarter

- - - -

7.11 Debentures (totals only)

- -

7.12 Unsecured notes (totals only)

- -

Compliance statement 1 This statement has been prepared under accounting policies which comply with

accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

2 This statement does give a true and fair view of the matters disclosed.

Sign here: .. .................. Date: 27 July 2011 (Director/Company secretary)

Print name: SUSAN HUNTER

Notes 1 The quarterly report provides a basis for informing the market how the entity’s

activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of

interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3 Issued and quoted securities The issue price and amount paid up is not

required in items 7.1 and 7.3 for fully paid securities.

4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of

Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.



5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

Documents

June 2011 Quarterly Activities Report - Dampier Gold · *These intercepts include samples composited over 4m intervals. **True widths range between 85% and 100% of downhole widths