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REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796 PO Box 1153, Inverell, N.S.W. 2360 Phone/Fax 0267 210 196, Mobile 0419 956 270 Email: [email protected] ARDLETHAN TIN MINE NSW SUMMARY OF RESOURCES - TAILINGS and WASTE DUMPS 24th AUGUST 2011 Prepared By P.B.Kimber Reynard Australia Pty Ltd To comply with Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code): 2004 Edition and the Valmin Code: 2005 Edition for FRESHTEL HOLDINGS LIMITED

REYNARD AUSTRALIA PTY LTD - Open Briefing Esker Milling and Processing Pty Ltd (Mooney 2007) 6.4. Sedgman 2008, 2010 6.4.1. Samples 6.4.2. Site Water 6.4.3. Feed Sizings 6.4.4. Gravity

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REYNARD AUSTRALIA PTY LTD

ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

Email: [email protected]

ARDLETHAN TIN MINE NSW

SUMMARY OF RESOURCES - TAILINGS and WASTE DUMPS

24th AUGUST 2011

Prepared By

P.B.Kimber

Reynard Australia Pty Ltd

To comply with

Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore

Reserves (The JORC Code): 2004 Edition

and the

Valmin Code: 2005 Edition

for

FRESHTEL HOLDINGS LIMITED

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

Email: [email protected]

CONTENTS

SUMMARY

1. INTRODUCTION

2. COMPETENT PERSONS STATEMENT

3. MINING TENEMENTS

4. THE MILL TAILINGS - No.1 TAILINGS DAM, SPRING VALLEY TAILINGS DAM, WHITE CRYSTAL

TAILINGS DAM, HORSESHOE DAM, and SULPHIDE DAM

5. DATA DENSITY AND DISTRIBUTION

5.1. Mill Production Data

5.2. Drilling Data

5.3. Molina and Doran 1989.

6. METALLURGICAL TESTWORK

6.1. Aberfoyle Tin NL 1978-88

6.2. Marlborough Resources NL (Kelliher 2003)

6.3. Esker Milling and Processing Pty Ltd (Mooney 2007)

6.4. Sedgman 2008, 2010

6.4.1. Samples

6.4.2. Site Water

6.4.3. Feed Sizings

6.4.4. Gravity Concentration

6.4.5. Flotation Testwork

6.4.6. Process Plant Description

7. RESOURCE CATEGORIES - TAILINGS DAMS

8. RESOURCE CATEGORIES - WASTE DUMPS

9. USE OF RESOURCES IN ECONOMIC CALCULATIONS AND VALUATIONS.

10. DEFINITIONS

11. REFERENCES

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

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FIGURES

1: Project Location, Ardlethan NSW.

2: EOE Pty Ltd mining tenements at Ardlethan.

3: Tailings Dam Locations.

4: Tailings dam drilling by Aberfoyle in 1978.

5: Waste Dump Locations

TABLES

1: Tailings Sample Details 2: Site Water Analysis 3: Size by Size Assay Distributions - Sample 1 4: Size by Size Assay Distributions - Sample 1 5: Gravity Separation Results Summary 6: Falcon Separator Tailings Size by Size Assay Distribution 7: Flotation Tests

8: Locked Cycle Flotation Test Results Summary 9: Pulp Density Flotation Test Results Summary

10: Summary of Major Design Criteria

11: Estimated mill tailings tonnages and grades at Ardlethan.

12: Estimated mineralised waste tonnages and grades at Ardlethan.

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

Email: [email protected]

SUMMARY

The Ardlethan Tin Mine is located 3km Northwest of the town of Ardlethan in the Riverina district of NSW. Ardlethan is located 65 kilometres from Narrandera on the Newell Highway and supports a strong rural community of wheat and sheep producers. Between 1912 and 1986 The Ardlethan Tin Mine and produced over 31000 tonnes of tin, much of this between 1961 and 1986 when the mine was operated by Aberfoyle Tin NL. Overall about 10.7 million tonnes of mill tailings are stored on site as well as about 21 million tonnes of mineralised waste. The area is held under 49 mining tenements granted under the Mining Act 1906 and still current. These tenements are held under the name EOE Pty Ltd. Mill Tailings: During the main period of production from 1964 to 1986 by Aberfoyle Tin NL, automated sampling and weightometer readings were taken from the tailings stream, along with total throughput, tin production and tin recovery data. In 1978 the Main Dam was drilled by Aberfoyle to assess the size distribution and grade of the tailings material. A combination of Proline auger and reverse circulation drilling was used with samples taken at 2 metre intervals and analysed on site. The grades from this drilling compared well with the production records for the equivalent period.

Metallurgical testwork showed a recovery of 41% from a head grade of 0.172% Sn (0.182% Sn) to a 20.5% concentrate using flotation. The majority of the tin (~70%) is in the -53 um fraction.

MILL TAILINGS INFERRED RESOURCES INDICATED RESOURCES

LOCATION TONNES CALC GRADE CONTAINED Sn TONNES CALC GRADE CONTAINED Sn

Sn% Tonnes Sn% Tonnes

MAIN DAM Pre 1964 1,935,000 0.30 5,800

Main Dam Post 1964 4,871,000 0.19 9,000

SPRING VALLEY DAM 2,667,000 0.17 4,500

Low grade 479,000 0.14 700

WHITE CRYSTAL PIT 753,000 0.15 1,100

SULPHIDE DAM 30,000 1.53 500

TOTALS 5,864,000 0.21 12,600 4,871,000 0.18 9,000

Mineralised Waste: Waste dump volumes are established by blast hole drilling prior to firing, hauling and dumping and have not generally been systematically resampled. Fairly complete waste tonnages and grades are to be available for the period from 1964 to 1975, but only tonnages for the period from 1976 and 1985. Some estimates were calculated from adjacent periods where historical production data was missing. Aberfoyle did resample part of the White Crystal waste dump in 1983 returning grades between 0.07 % Sn and 0.40% Sn. They also trial treated some White Crystal waste through the mill in April 1983 reporting no problems with treatment but did note higher than normal lead and bismuth levels.

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

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Waste Dumps INFERRED RESOURCES

LOCATION TONNES CALC GRADE CONTAINED Sn

Sn% Tonnes

MAIN WASTE DUMPS Pre 1964 335,000 0.10 300

MAIN WASTE DUMPS Post 1964 18,723,000 0.09 17,400

WHITE CRYSTAL 2,249,000 0.11 2,500

TOTALS 21,307,000 0.09 20,200

The resource classifications used are considered conservative, with most of the tailings and waste dump resources listed well supported by detailed production data from the operating minesite, with some estimates made for some missing data using the surrounding confirmed data. The inferred resources that are less supported are the Pre 1964 tailings and waste. These are estimated using the known tin production and back calculating the tails and waste that is likely to have been produced to achieve that production. For this reason caution is recommend when using the Pre-1964 resources in economic studies, with these resources used only with suitable disclaimers. Perhaps a range of values with the Pre 1964 numbers included and excluded would be better. It is considered sufficient or appropriate to use the remaining resources (indicated and inferred) in discounted cash flow models including valuations.

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

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1. INTRODUCTION The Ardlethan Tin Mine is located 3km Northwest of the town of Ardlethan in the Riverina district of NSW. Ardlethan is located 65 kilometres from Narrandera on the Newell Highway and supports a strong rural community of wheat and sheep producers. Figure 1 shows the location of Ardlethan within the State. Between 1912 and 1986 The Ardlethan Tin Mine and produced over 31000 tonnes of tin, much of this between 1961 and 1986 when the mine was operated by Aberfoyle Tin NL. Overall about 10.7 million tonnes of mill tailings are stored on site as well as about 21 million tonnes of mineralised waste. This report sets out the locations, quantities and estimated tin grades of the tailings and waste dumps at Ardlethan and is prepared for Freshtel Holdings Ltd.

Figure 1: Project Location, Ardlethan NSW.

2. COMPETENT PERSONS STATEMENT

The information in this report is based on information compiled by Phillip Kimber, who is a

member of the Australian Institute of Mining and Metallurgy. Phillip Kimber has sufficient

experience which is relevant to the style of mineralisation and type of deposit under

consideration and to the activity which he is undertaking to qualify as Competent Person as

defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results,

Mineral Resources and Ore Reserves”. Phillip Kimber consents to the inclusion in this report of

the matters based on his information in the form and context in which it appears.

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Ararat

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Bathurst

Batlow

Beechworth

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Bendigo

Berridale

Berrigan

Birchip

Bombala

Boorowa

Boort

Bordertown

Bourke

Bowral

Branxton

Brewarrina

Bright

Budgewoi

Bulahdelah

Cann RiverCastlemaine

Cobar

Cobram

Condobolin

Coolamon

Cowra

Culcairn

Cunnamulla

Dalmeny

Dimboola

Dubbo

Dunedoo

Echuca

Edenhope

Eugowra

Euroa

Forest HillGawler

Gloucester

Goulburn

Gulgong

Hay

Horsham

Jerilderie

Kandos

King Lake

Leeton

Manildra

Menindee

Merbein

Milton

Moruya

Moulamein

Newcastle

Nyngan

Oberon

Omeo

Ouyen

Picton

Port Pirie

Scone

Sea Lake

St Arnaud

Tatura

Temora

Tottenham

Tumbarumba

West Wyalong

Woy Woy

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0 250.0

kilometres

Scale: 1:6,437,000

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

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3. MINING TENEMENTS The area is held under 49 mining tenements granted under the Mining Act 1906 and still current (see Appendix 2). These tenements are held under the name EOE Pty Ltd. Figure 2 shows the group of EOE Pty Ltd tenements at Ardlethan.

Figure 2: EOE Pty Ltd mining tenements at Ardlethan.

4. THE MILL TAILINGS - No.1 TAILINGS DAM, SPRING VALLEY TAILINGS DAM, WHITE CRYSTAL

TAILINGS DAM, HORSESHOE DAM, and SULPHIDE DAM Between 1964 and 1986 Ardlethan Tin Ltd/Aberfoyle produced some 25,000 tonnes of tin from the old Ardlethan mine, principally from the White Crystal, Ardwest and Wild Cherry pits. Prior to this various smaller operators mined the area. The tailings from the Ardlethan Tin Ltd operation are stored in a number of dams located around the old open cuts. The principal tailings dams at Ardlethan are; 1. The White Crystal Open Pit containing all mill tailings produced after September 1983. 2. The Spring Valley Tailings Dam containing mill tailings produced from mid 1977 to September 1983. 3. No.1 Tailings Dam including the Horseshoe Dam containing all mill tailings produced prior to mid 1977. 4. The small Sulphide Dam adjacent to the mill site containing residue from tin concentrate dressing to produce a

final concentrate. In August 1981 a Tailings cassiterite flotation plant was commissioned at Ardlethan. Tailings produced after that date have a portion of the free tin removed. The Main Dam, Horseshoe Tailings Dam and most of the Spring Valley Tailings Dam were deposited prior to August 1981 and have a higher free tin content. Figure 3 shows the dam locations.

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

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The Spring Valley Dam contains both older tailings produced prior to August 1981, and newer tailings produced after this date and placed on top of the older tailings. The tailings in the White Crystal pit are post August 1981 have passed through the flotation circuit.

Figure 3. Tailings Dam Locations.

5. DATA DENSITY AND DISTRIBUTION

Two sets of sampling data are available for the mill tailings, as well as a site summary;

5.1. Mill Production Data During the main period of production from 1964 to 1986 by Aberfoyle Tin NL, automated sampling and weightometer readings were taken from the tailings stream, along with total throughput, tin production and tin recovery data. In some cases the tailings tonnage and grade is given as well. Where it is not, the tailings tonnage is calculated as 99.7% of the feed tonnage, with the grade calculated from the tin recovery. The four-weekly period averages of these readings were reviewed taken from the production reports prepared by the Mine Manager and senior staff at the time. Some period reports were missing, and estimates were made by averaging the data from similar periods either side of the missing period or from other sources (e.g. Molina and Doran). This data is summarised in Appendix 3. Samples were analysed on site using a Tin Analyser (XRF) commonly used in the industry. This machine is generally accurate within a specified range provided it is calibrated correctly. As the tailings sample grades generally fall within a narrow range a high degree of accuracy is expected.

5.2. Drilling Data In 1978 the Main Dam was drilled by Aberfoyle to assess the size distribution and grade of the tailings material. A combination of Proline auger and reverse circulation drilling was used with samples taken at metre intervals and analysed on site. The grades from this drilling compared well with the production records for the equivalent period

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

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increasing confidence in the tin grades of the tailings. Appendix 4 lists the drill results. The drill samples are not used to calculate tailings tonnages and grades as it is considered that the mill production records are more accurate. The drill samples confirm the production records. The Spring Valley Dam, Horseshoe Dam, the tailings in the old White Crystal open cut and the Sulphide Dam have not been drill sampled and grades and tonnages quoted are from weightometer and automatic sampling of the mill tailings stream.

Figure 4: Tailings dam drilling by Aberfoyle in 1978.

5.3. Molina and Doran 1989. In 1989 an "Information Brochure" was produced by Aberfoyle summarising past production as well as hard rock, alluvial, tailings and some waste tonnages and grades remaining at Ardlethan. Some data from this brochure was used where no other was available. In particular, missing data for the 1976 period of production and for the Sulphide Dam were taken from this document. Production data from this report is used to estimate the Pre-1964 tailings and waste dumps. The authors were site personnel during operations.

6. METALLURGICAL TESTWORK

6.1. Aberfoyle Tin NL 1978-88 Aberfoyle Tin NL carried out a comprehensive series of metallurgical tests between 1977 and 1988 both on the older tailings in the Main Tailings Dam and on the tailings deposited in the Horseshoe, Spring Valley and White Crystal Dams. This work had the dual purposes of assisting design of the tailings flotation circuit added to their existing plant and commissioned in August 1981, and assessing the reclamation of the older tailings in the Main and others. The test work carried out has included:

· Air/Water Core drilling of the No.1 and Horseshoe tailings dams, with holes on a 50 m x 50 m grid, with samples taken each 1.5 or 3 metres and analysed by XRF for Sn. (Paterson, 1978 and Jones & Rangott,

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1989).

· Sizing test work of the drill samples giving a grain size distribution and distribution of the tin within each size range. The size ranges selected were set to suit the flotation tests. (Paterson 1978).

· Laboratory flotation test work considering several alternative approaches including pre-concentration, additional classification, simple sizing.

· Pilot plant scale test work.

· Metallurgical investigations associated with the operation of the tailings flotation plant in operation on the site from August 1981.

6.2. Marlborough Resources NL (Kelliher 2003) A review of the previous testwork with recommendations was carried out by Telminex/Marlborough Resources in 2003. In this review, Kelliher recommended a series of metallurgical test to develop a flow circuit to recover the tin from the tailings. These included;

· Developing a conceptual flowsheet aiming to maximise low cost gravity recovery using tin flotation as a scavenger section to produce feed for contact fuming.

· Investigating low capital/operating cost equipment including spirals and jigs.

· Testwork on drill sample composites from the whole of each of the tailings dams.

· Confirm that the flotation response of the tailings has not altered during storage.

6.3. Esker Milling and Processing Pty Ltd (Mooney 2007) Esker carried out a desktop review of the Ardlethan tailings aimed at setting the general tin recovery parameters. In this review, Esker noted that the free cassiterite at Ardlethan averages about 20µm and about 50% of the cassiterite occurs in situ as free grains in the +2µm and-53µm fractions with 7% reporting in the -3µm slimes fraction and a further 10% reports as free grains + 38µm fraction. Some 26% of the cassiterite is composite in the + 106µm fractions. They proposed the use spirals to recover the +30µm cassiterite and flotation to recover the + 3µm fractions.

Esker proposed two options to treat the Ardlethan tailings; Option 1: Gravity, Pre-concentration & Flotation (G. P. & F.)

In this circuit the + 150µm O/S is ground to less than 150µm in a ball mill, the tailings are then cycloned and the cyclone U/F is processed on a FM 1 spiral to recover any coarser cassiterite, the spiral tail is fed to a Derrick screen. Recovery is estimated between 60.7% and 67.7%. Capital costs of $16.35 million were estimated (2007).

Option 2: Gravity, Pre-concentration & Flotation (G. & F.)

In this circuit the + 150µm O/S is ground to less than 150µm in a ball mill, the tailings are then cycloned and the cyclone U/F is processed on FM 1 spiral to recover any coarser cassiterite, the spiral tail is feed to a Derrick screen this also allows for the +53µm or +75µm fractions to be discarded as all the coarser(+30mµ) tin to have been recovered. The -53µm/75µm fines are then floated to recover the finer cassiterite, in addition a proportion of the sulphides are added to the concentrate, the sulphides assist the fuming process. Recovery is estimated between 55.5% and 69.3%. Capital costs of $12.7 million were estimated (2007). The difference between cash flow at different tin prices in Year 1 for the G.& F. and the G.P.& F. is very small, but the G.&.F. is marginally higher and when capital is taken into account the margin is significant.

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6.4. Sedgman 2008, 2010 The base case for the plant design was a throughput of 1.0 Mt/a of dry tailings. Two further options were also assessed, i.e. throughputs of 0.5 Mt/a and 1.5 Mt/a. Their testwork and conclusions are summarised below;

6.4.1. Samples Sedgeman arried out gravity testwork on one sample from the Main Tailings Dam and flotation testwork on two samples from the Main Tailings Dam. These were forwarded to AMDEL for metallurgical testwork. Details of these samples are given in Table 1. The results in Table 1 show that the two samples of tailings had similar tin and sulphur assays.

Table 1 Tailings Sample Details

Sample Received Assays (%)

Sn S As Cu Fe Zn 1 Feb 2008 0.179 0.31 0.03 0.09 5.18 0.09

2 Jun 2008 0.184 0.29 --- --- --- ---

6.4.2. Site Water

A sample of water from the open cut at Ardlethan was forwarded to AMDEL in October 2008 for assay and for use in metallurgical testwork. A summary of the analysis of the water is given in Table 2.

Table 2 Site Water Analysis

Analyte Value Units

pH 4.30

Conductivity 14,000 µS/cm

Total dissolved solids (TDS) 12,000 mg/L

Ca 170 mg/L

Cl 780 mg/L

Mg 280 mg/L

Na 560 mg/L

SO4 2100 mg/L

Al 5.7 mg/L

Cu 2.5 mg/L

Fe 0.5 mg/L

Ni 1.3 mg/L

Zn 104 mg/L

Mn 27 mg/L

Cd 1.0 mg/L

Cr <0.005 mg/L

S 750 mg/L

Se 0.03 mg/L

Sr 1.4 mg/L

Pb 0.03 mg/L

Hg <0.0005 mg/L

Sb <0.05 mg/L

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6.4.3. Feed Sizings

The two samples of Ardlethan tailings were submitted for size by size assay distributions. Summaries of these results are given in Table 3 and Table 4.

Table 3 Size by Size Assay Distributions – Sample 1

Size Fraction

(µm)

Weight % Assays (%) Distribution (%)

Sn S Sn S

+300 12.4 0.065 0.06 4.9 2.6

-300 +212 10.0 0.069 0.04 4.2 1.4

-212 +150 12.0 0.070 0.07 5.1 2.9

-150 +106 10.6 0.077 0.17 4.9 6.3

-106 + 75 12.4 0.079 0.24 6.0 10.4

- 75 + 53 8.0 0.115 0.39 5.6 10.9

- 53 + 40 4.2 0.636 1.46 16.1 21.2

- 40 + 30 5.5 0.440 0.49 14.6 9.3

- 30 + 21 5.8 0.427 0.54 15.0 10.9

- 21 + 14 3.8 0.366 0.46 8.4 6.1

- 14 + 10 2.3 0.313 0.38 4.3 3.0

- 10 13.1 0.136 0.33 10.9 15.1

Total 100.0 0.165 0.29 100.0 100.0

Table 4 Size by Size Assay Distributions – Sample 2

Size Fraction

(µm)

Weight % Assays (%) Distribution (%)

Sn S Sn S

+300 11.6 0.082 0.05 5.6 3.1

-300 +212 9.0 0.071 0.04 3.7 1.9

-212 +150 10.6 0.075 0.05 4.6 2.5

-150 +106 10.8 0.082 0.07 5.2 4.0

-106 + 75 10.9 0.091 0.19 5.8 10.9

- 75 + 53 8.2 0.104 0.29 5.0 12.6

- 53 + 40 0.5 2.880 2.71 8.2 7.0

- 40 + 30 3.9 0.488 0.36 11.2 7.5

- 30 + 21 6.8 0.404 0.34 16.1 12.2

- 21 + 14 4.7 0.385 0.24 10.7 6.0

- 14 + 10 2.5 0.384 0.24 4.3 3.1

- 10 20.4 0.155 0.27 18.6 29.2

Total 100.0 0.171 0.19 100.0 100.0

The results in Table 3 and Table 4 show that while there were some differences between the size by size mass

and tin distributions the overall trends were similar with the coarse material i.e. the +53 microns material

contained between 62% and 66% of the mass but only contained 30% of the tin. This was not unexpected as the

tailings were predominantly from a gravity separation plant which would have been very effective in recovering

tin down to this size range. The majority of the tin was in the finer fractions i.e. the -53 microns material

which would be more effectively recovered by tin flotation, which had been included in the original Ardlethan

processing plant for the last few years of operation.

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6.4.4. Gravity Concentration

A sample of the un-sized Ardlethan tailings was subjected to gravity separation using a Falcon Separator. The sample was passed through the Falcon separator and the concentrate was collected while the Falcon tailings were re-passed through the Falcon Separator and a second concentrate was collected. The tailings were re-passed through the Falcon Separator a further three times so that a total of five concentrates were collected, filtered, dried, weighed and submitted for assay. The final Falcon Separator tailings were filtered, dried, weighed and a sub-sample was split out for size by size assay distribution.

The results of the gravity separation are given in Table 5 while the size by size assay distribution of the final Falcon Separator tailings is given in Table 6. The results in Table 5 show that the gravity separation test gave a 57% tin recovery to a concentrate that assayed 0.89% tin.

Table 5 Gravity Separation Results Summary

Product Weight (%) Assay (%Sn) Distribution (%)

Concentrate 1 2.2 2.330 29.6

Concentrate 2 2.3 1.050 14.2

Concentrate 3 2.2 0.501 6.4

Concentrate 4 2.1 0.301 3.7

Concentrate 5 2.2 0.245 3.1

Tailings 89.0 0.083 43.0

Total 100.0 0.172 100.0

A size by size assay distribution of the Falcon tailings is given in Table 6 and showed that the of the tin lost to the gravity tailings approximately 57% was in the -53 microns fraction which could be recoverable by tin flotation.

Table 6 Falcon Separator Tailings Size by Size Assay Distribution Size Fraction

(µm)

Weight % Assays (%)

Sn

Distribution (%)

Sn

+300 9.6 0.062 7.0

-300 +212 9.1 0.061 6.5

-212 +150 11.9 0.064 8.9

-150 +106 11.9 0.062 8.6

-106 + 75 10.6 0.054 6.7

- 75 + 53 8.2 0.054 5.2

- 53 + 44 3.4 0.109 4.3

- 44 + 33 5.6 0.057 3.7

- 33 + 23 6.4 0.074 5.6

- 23 + 15 4.5 0.191 10.0

- 15 + 11 2.6 0.267 8.1

- 11 16.2 0.134 25.3

Total 100.0 0.085 100.0

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6.4.5. Flotation Testwork

A series of flotation tests were carried out with various numbers of flotation stages, flotation residence times

and pulp densities. The results of the flotation tests are summarised in Table 7.

The results in Table 7 and show that Test 3 gave the best grade recovery response with a rougher concentrate grade of 2.0% tin at an overall tin recovery of 70.7%. This test which had been conducted at a pulp density of 15% solids, with a sulphide pre-flotation stage plus high initial collector addition dosage, was used as the basis for the subsequent cleaner tests. Unfortunately, while test 7 had been planned to be conducted at 15% solids it was later discovered that it had actually been conduct at 30% solids.

Table 7: Flotation Tests

Test

No. Test Conditions Product

Weight

to Conc.

(%)

Assays (%)

Overall

Distribution

(%)

Sn S Sn S

1 Sighter, 30% solids, no S pre-float Rougher Con 7.5 1.83 2.00 67.8 58.0

2 30% solids, high initial collector dose Rougher con 10.2 1.69 0.24 72.2 8.0

3 15% solids, high initial collector dose Rougher con 8.2 2.00 0.30 70.7 8.8

4 30% solids, staged collector doses Rougher con 9.7 1.78 0.25 72.4 8.4

5 15% solids, staged collector doses Rougher con 8.2 1.99 0.32 70.3 9.2

6 Repeat test 3 with 1 cleaner stage Cleaner con 2.2 6.07 1.14 63.7 9.4

7* Repeat test 3 with 3 cleaner stages Cleaner con 2.9 18.4 1.15 56.7 2.7

* Test 7 planned to be conducted at 15% solids was actually conducted at 30% solids.

A single locked cycle test was conducted using the optimised conditions from the preliminary tests given in

Table 7, i.e. test 7. The results of the locked cycle test are summarised in Table 8.

Table 8 Locked Cycle Flotation Test Results Summary

Test No. Product Weight to

Conc. (%)

Assays (%) Overall Distribution (%)

Sn S Sn S

8 Cleaner con 1.1 20.5 1.42 41.7 2.2

The results of the locked cycle test were used as the basis for the initial processing plant design. The locked

cycle test was to be conducted at 15% solids, however it was later found to have been conducted at 30%

solids.

A further series of tests were undertaken to determine the effects of pulp density on tin flotation

performance, the results of which are summarised in Table 9. The results show that the flotation

performances were similar for the tests with pulp densities between 15% and 25% solids. The tests at 30%

and 35% solids gave much higher final concentrate grades at similar recoveries. The reason for the

improvement in flotation performance may have been due to the effects of amount of acid added to

maintain the optimum pH for flotation. As the pulp density decreased the acid addition had to be

increased to maintain the pH at approximately 4.5.

On the basis of these results the preliminary plant design included operating the flotation circuit at 30% solids.

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Table 9 Pulp Density Flotation Test Results Summary

Test No. Pulp Density

(% Solids)

Weight to

Conc. (%)

Assays (%) Overall Distribution (%)

Sn S Sn S

9 15 3.51 10.58 0.84 50.5 3.9

10 20 3.07 10.72 0.75 49.6 3.3

11 25 3.00 11.24 0.83 51.2 3.5

12 30 2.27 14.33 1.28 47.8 4.3

13 35 1.79 16.11 1.35 43.8 3.5

A series of tests aimed at determining the effects of acid addition and site water were conducted by AMDEL.

The results showed very little differences between the tin flotation tests conducted using Perth tapwater, with

and without acid addition, and site water. The use of acid with Perth tapwater and/or site water appears to have

been beneficial with regard to the final concentrate grade, however this may have been due to operator technique

and would require further testwork to confirm whether or not this was a real effect. Nevertheless the rougher

flotation results were all very similar irrespective of the water used for flotation.

On the basis of these results it can be concluded that the existing site water could be successfully used for

the flotation in the proposed tin tailings retreatment plant.

6.4.6. Process Plant Description

The base case for the plant design is a throughput of 1.0 Mt/a of dry tailings. Two further options were also

assessed, i.e. throughputs of 0.5 Mt/a and 1.5 Mt/a.

· Testwork showed a recovery of 41% from a head grade of 0.172% Sn (0.182% Sn) to a 20.5% concentrate using flotation. This would result in a tin production to tin flotation concentrate of 705 t/a for the 1.0 Mt/a throughput option. A summary of the major design criteria is shown in Table 10.

· The majority of the tin (~70%) is in the -53 um fraction.

Table 10 Summary of Major Design Criteria

Description Value Unit

0.5 Mt/a 1.0 Mt/a 1.5 Mt/a

Annual dry tailings throughput 500,000 1,000,000 1,500,000 t/a

Ore head grade 0.172 0.172 0.172 % Sn

Product Grade 20.5 20.5 20.5 % Sn

Recovery 41.0 41.0 41.0 % Sn

Final Product 353 705 1058 t/a Sn

Plant Availability 91.3 91.3 91.3 %

The plant would consist of the following areas:

· Screening and de-sliming;

· Flotation – sulphide flotation, 1st rougher tin flotation, 2nd rougher tin flotation and 3 stage cleaner tin flotation;

· Concentrate thickening and handling; and

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· Tails t hickening.

Final tin concentrate product will be packaged into 1 tonne capacity bags and loaded on pallets for transport.

Screening and de-sliming

The screening and de-sliming area will be used to remove the +100 µm and -2 µm fractions of the reclaimed tailings. A trommel screen will remove the +2 mm material which will be sent to final tails. A stacked Derrick screen will treat the underflow from the trommel screen to give a nominal product size of -100 µm.

A two or three stage cyclone bank will be used to remove the slimes (-2 µm fraction) from the Derrick screen underflow. The -100 µm +2 µm fraction will be held in a surge tank to feed the flotation circuit.

Flotation

The flotation circuit will consist of sulphide flotation circuit, 2 stage rougher flotation and a 3 stage cleaner flotation circuit. The flotation circuit will operate at approximately 30% solids.

(summarised with permission from Sedgeman 2008 and 2010).

7. RESOURCE CATEGORIES - TAILINGS DAMS

Main Dam and Horseshoe Dam: As the grade and tonnage of the 1964-1985 tailings in the Main Tailings Dam has been reasonably confirmed by both continuous weightometer/automatic sampling of the tailings stream during milling, and by drilling of the dam by Aberfoyle in 1978 confidence in this resource is sufficient for it to be classified as Indicated Resources under the JORC Code. Also assumed to be within the Main Dam will be an estimated 1.9 million tonnes of pre 1964 tailings produced by various operators. The quantity, grade of this material is estimated by back calculation from the known quantity of tin produced. A conservative estimate of the original head grade and tin recovery to a saleable product is used in these calculations. Spring Valley Dam: The Spring Valley Dam contains tailings produced both before and after introduction of the flotation circuit in August 1981. Grades and tonnages of both pre and post August 1981 tailings are calculated from mine records detailing continuous weightometer/automatic sampling of the tailings stream during milling. These resources are classified as Inferred under the JORC Code. White Crystal Pit: Tailings disposal into the White Crystal Pit commenced in September 1983 and continued until closure of the mine in early 1986. Grades and tonnages of tailings are calculated from mine records detailing continuous weightometer/automatic sampling of the tailings stream during milling. These resources are classified as Inferred under the JORC Code. Sulphide Dam: Incomplete records are available of the grades and tonnages in the Sulphide Dam and the figures assumed in Table 1 come from estimates by Molina an Doran in 1989. These are partly confirmed by mine records and Paterson's 1978 drill sampling. These resources are classified as Inferred under the JORC Code.

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Table 11: Estimated mill tailings tonnages and grades at Ardlethan.

TAILINGS DAM RESOURCES

INFERRED RESOURCES INDICATED RESOURCES

LOCATION BLOCK TONNES CALC GRADE CONTAINED Sn TONNES CALC GRADE CONTAINED Sn

Sn% Tonnes Sn% Tonnes

MAIN DAM Pre 1964 Tailings 1,935,000 0.30 5,800

including the Horseshoe Dam July 1964 to July 1977 4,871,000 0.19 9,000

SPRING VALLEY DAM August 1977 to August 1982 2,667,000 0.17 4,500

August 1982 to August 1983 479,000 0.14 700

WHITE CRYSTAL PIT September 1983 to December 1985 753,000 0.15 1,100

SULPHIDE DAM Ref Molina and Doran 1989 30,000 1.53 500

TOTALS 5,864,000 0.21 12,600 4,871,000 0.18 9,000

All tonnages are estimated on a dry basis. The White Crystal tailings have been fully capped with waste rock and the Horseshoe tailings partially capped.

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8. RESOURCE CATEGORIES - WASTE DUMPS

Waste dump volumes are established by blast hole drilling prior to firing, hauling and dumping and have not generally been systematically resampled. Fairly complete waste tonnages and grades are to be available for the period from 1964 to 1975, but only tonnages for the period from 1976 and 1985. Some estimates were calculated from adjacent periods where historical production data was missing. Table 12 shows the tonnages and grades and Figure 4 shows the dump locations. Aberfoyle did resample part of the White Crystal waste dump in 1983 returning grades between 0.07 % Sn and 0.40% Sn. They also trial treated some White Crystal waste through the mill in April 1983 reporting no problems with treatment but did note higher than normal lead and bismuth levels. All of the mineralised waste dump resources are classified as Inferred Resources under the JORC Code. While the tonnages and grades are generally well established from the production records, the exact location of individual periods of production within the dumps is not known, except for the White Crystal Waste Dump. In addition, the Pre-1964 waste is inferred from the known tin production and could differ substantially in grade and tonnage from the figures presented in Table 12, although probably to a lesser extent in terms of contained tin. To raise these Inferred Resources to Indicated Resource or higher category, systematic sampling of the dumps will be required, both on the dump flanks and internally through drilling. This is likely to identify higher and lower grade sections of the dumps for selective reclamation if desired.

Figure 5: Waste Dump Locations

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Table 12: Estimated mineralised waste tonnages and grades at Ardlethan.

WASTE DUMP RESOURCES

INFERRED RESOURCES INDICATED RESOURCES

LOCATION BLOCK TONNES CALC GRADE CONTAINED Sn TONNES CALC GRADE CONTAINED Sn

Sn% Tonnes Sn% Tonnes

MAIN WASTE DUMPS Pre 1964 Waste 335,000 0.10 300

July 1964 to December 1985 18,723,000 0.09 17,400 0 0.00 0

WHITE CRYSTAL September 1983 to December 1985 2,249,000 0.11 2,500

TOTALS 21,307,000 0.09 20,200 0 0.00 0

All tonnages are estimated on a dry basis.

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9. USE OF RESOURCES IN ECONOMIC CALCULATIONS AND VALUATIONS. Section 20 of the JORC Code states: "Caution should be exercised if this category is considered in technical and economic studies" The resource classifications used are considered conservative, with most of the tailings and waste dump resources listed well supported by detailed production data from the operating minesite, with some estimates made for some missing data using the surrounding confirmed data. The inferred resources that are less supported are the Pre 1964 tailings and waste (see Tables 11 and 12). These are estimated using the known tin production and back calculating the tails and waste that is likely to have been produced to achieve that production. For this reason caution is recommend when using the Pre-1964 resources in economic studies, with these resources used only with suitable disclaimers. Perhaps a range of values with the Pre 1964 numbers included and excluded would be better. It is considered sufficient or appropriate to use the remaining resources (indicated and inferred) in discounted cash flow models including valuations.

10. DEFINITIONS

A ‘Mineral Resource’ is a concentration or occurrence of material of intrinsic economic interest in or on the Earth’s crust in such form, quality and quantity that there are reasonable prospects for eventual economic

extraction. The location, quantity, grade, geological characteristics and continuity of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be limited or of uncertain quality and reliability. An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed.

11. REFERENCES Paterson, R.G., 1978: Ardlethan Tailings Dams, Tonnage and Grade Assessment. Ardlethan Tin Ltd (Unpublished). Jones, G., and Rangott, M., 1989: Ardlethan Tin Mine – Sampling of Tailings Dams. Unpublished Company Report.

Stribley, J.D. and Tapp, G.C., 1982: Pilot Plant and Laboratory Flotation Results for Retreatment of Ardlethan Tailings. Aberfoyle Ltd, Central Metallurgical Services (Unpublished).

McQuade, M., 1986: An Overview of Tailings Retreatment of Ardlethan Tailings. Ardlethan Tin Ltd (Unpublished).

Hawker, M.J. and Mooney, N.E., 1978: Pilot Plant Flotation of Ardlethan Slimes, 2/10/78 to 16/12/78.

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Aberfoyle Ltd (Unpublished).

Mooney, N.E., 1988: Tailings Retreatment, Cleveland and Ardlethan 1980’s. Material collected from Matte

Fuming Project papers by NE Moony on a visit to Melbourne office 1988. Aberfoyle Ltd (Unpublished).

Stribley, D.J., 1981: Operation of the Ardlethan Flotation Circuit, Ardlethan Tin Ltd (Unpublished).

Stribley, D.J., 1982: Metallurgical Assistance – Ardlethan Tin Ltd, Cassiterite Flotation Plant. Aberfoyle Ltd, Central Metallurgical Services (Unpublished).

Jackman, R.J., 1985: Ardlethan Cassiterite Flotation – Pretreatment of C.F. Feed with Sodium Silica Fluoride. Ardlethan Tin Ltd (Unpublished).

Stribley, D.J., 1984: Analysis of Ardlethan Cassiterite Flotation Survey – December 1983. Aberfoyle Metallurgy (Unpublished).

Bay, C., Cure, J., and Choo, B.H., 1981: Retreatment of Ardlethan Tailings Oversize Product. Aberfoyle Ltd, Central Metallurgical Services (Unpublished).

Ardlethan Tin Ltd, 1979: Tailings Reclamation and Retreatment Study, Capital Cost Estimate: (Unpublished).

Chare, P. and Millar, J. 1980: Feed Preparation for Tin Flotation on Ardlethan Run of Mill Tailings. (Unpublished).

Beynom, W.J., 1982: Reclamation of Tailings. Ardlethan Tin Ltd. (Unpublished).

Minenco Pty Ltd, 1979: Tailings Reclamation and Retreatment Study, (Unpublished).

Untitled, 1984: Invesigation of Recovery from Tailings Flotation Circuit (Unpublished).

Mineral Deposits Ltd (1979?): Hydrocyclone Classification of Mill Tailings to produce feed for Proposed Cassiterite Flotation Circuit. Ardlethan Tin Ltd. Richardson R.L, 1989: Progress Report on Tin Project Assessment (Ardlethan and Cleveland). Lachlan Resources Ltd. Esker, 2001: Processing Pilot Operations on Yithan Alluvials and TD51 Tailings from Ardlethan Tin Field. For Marlborough Resources NL. Lachlan Resources NL, 1989: Pilot Plant Testing of Kelsey Centrifugal Jig on Ardlethan Tailings. 2 Volumes. Moony N.E, 1989: Cleveland Tin Tailings, Alternative Recovery Methods. Lachlan Resources NL Molina A.B and Doran P.M 1989: Information Memorandum, Ardlethan Tin Ltd. Esker 2007: Review of Ardlethan Tailings Deposits in New South Wales. For Australian Tin Resources Pty Ltd. Sedgman 2008: Scoping Study Report, Ardlethan Tailings Reclamation Project. For Australian Tin Resources Pty Ltd. Sedgman 2010: Scoping Study Report - Update, Ardlethan Tailings Reclamation Project. For Australian Tin Resources Pty Ltd.

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APPENDIX 1

COMPETENT PERSONS CONSENT FORM

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APPENDIX 2

TENEMENT DETAILS

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CURRENT & HISTORIC ALL RESOURCE TYPE TITLES at 10-JUN-2011

HOLDER = EOE (NO.75) PTY LTD

Sorted By : ALL (HEADING)

HOLDING (HEADING)

OPERATION TYPE (HEADING)

TITLE CODE

TITLE NUMBER

Report Format : DATES

Selections:

TAS INFORMATION REPORT

TITLES SUMMARY - DATES

Grant Date Title Identifier

Due

Expiry Date

58 Records GRAND TOTAL

58 Actual Titles

Determination

Status Date

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APPENDIX 3

PRODUCTION DETAILS - TAILINGS

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PERI

OD ENDING

TREAT

ED

TONN

ES HEAD

Contain

ed Sn

Contain

ed Sn

RECOV

ERY

Recover

ed Sn

Recover

ed Sn

MILL

TAIL

MILL

TAIL GRADE

Containe

d Sn DAM

TONS

GRAD

E% Tons Tonnes calc Tons Tonnes Tons Tonnes

Sn

% Tons Tonnes

99.4%

of Treated

Tonnes

12 19/11/1985 26083 26502 0.25 66.3 67.3 62.30% 40.6 41.3 25927 26343 0.10 25.6 26.0 White Crystal

11 15/10/1985 22712 23076 0.29 65.9 66.9 69.90% 46.0 46.8 22576 22938 0.09 19.8 20.1 White Crystal

10 17/09/1985 22846 23213 0.46 105.1 106.8 50.70% 53.3 54.1 22709 23073 0.23 51.8 52.6 White Crystal

9 20/08/1985 21872 22223 0.44 96.2 97.8 70.90% 68.2 69.3 21741 22090 0.13 28.0 28.5 White Crystal

8 23/07/1985 22607 22970 0.46 104.0 105.7 70.90% 73.7 74.9 22471 22832 0.13 30.3 30.7 White Crystal

7 25/06/1985 20633 20964 0.56 115.5 117.4 68.10% 78.7 79.9 20509 20838 0.18 36.9 37.5 White Crystal

6 28/05/1985 22648 23011 0.51 115.5 117.4 67.40% 77.9 79.1 22512 22873 0.17 37.7 38.3 White Crystal

5 30/04/1985 20142 20465 0.44 88.6 90.0 67.20% 59.6 60.5 20021 20342 0.15 29.1 29.5 White Crystal

4 2/04/1985 22561 22923 0.42 94.8 96.3 69.90% 66.2 67.3 22426 22785 0.13 28.5 29.0 White Crystal

3 5/03/1985 23339 23714 0.44 102.7 104.3 69.90% 71.8 72.9 23199 23571 0.13 30.9 31.4 White Crystal

2 5/02/1985 17452 17732 0.41 71.6 72.7 63.30% 45.3 46.0 17347 17626 0.15 26.3 26.7 White Crystal

1 11/12/1984 24704 25100 0.43 106.2 107.9 65.50% 69.6 70.7 24556 24950 0.15 36.6 37.2 White Crystal

12 13/11/1984 24242 24631 0.43 104.2 105.9 65.70% 68.5 69.6 24097 24483 0.15 35.8 36.3 White Crystal

11 16/10/1984 23401 23777 0.4 93.6 95.1 67.20% 62.9 63.9 23261 23634 0.13 30.7 31.2 White Crystal

10 18/09/1984 23164 23536 0.43 99.6 101.2 68.90% 68.6 69.7 23025 23394 0.13 31.0 31.5 White Crystal

9 21/08/1984 35742 36316 0.41 146.5 148.9 65.40% 95.8 97.4 35528 36098 0.14 50.7 51.5 White Crystal

8 24/07/1984 39771 40409 0.38 151.1 153.6 64.30% 97.2 98.7 39532 40167 0.14 54.0 54.8 White Crystal

7 26/06/1984 25155 25559 0.42 105.7 107.3 64.10% 67.7 68.8 25004 25405 0.15 37.9 38.5 White Crystal

6 29/05/1984 38507 39125 0.46 177.1 180.0 66.50% 117.8 119.7 38276 38890 0.16 59.3 60.3 White Crystal

5 1/05/1984 31842 32353 0.44 140.1 142.4 66.70% 93.4 94.9 31651 32159 0.15 46.7 47.4 White Crystal

4 3/04/1984 40466 41115 0.56 226.6 230.2 66.00% 149.6 152.0 40223 40869 0.19 77.0 78.3 White Crystal

3 6/03/1984 28138 28590 0.51 144.1 146.4 64.46% 92.9 94.4 27969 28418 0.18 51.2 52.0 White Crystal

2 7/02/1984 15810 16064 0.39 61.7 62.6 58.80% 36.3 36.8 15715 15967 0.16 25.4 25.8 White Crystal

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1 13/12/1983 37861 38469 0.42 159.0 161.6 60.80% 96.7 98.2 37634 38238 0.17 62.3 63.3 White Crystal

12 15/11/1983 36289 36871 0.44 159.7 162.2 62.50% 99.8 101.4 36071 36650 0.17 59.9 60.8 White Crystal

11 18/10/1983 38465 39082 0.35 134.6 136.8 59.50% 80.1 81.4 38234 38848 0.14 54.5 55.4 White Crystal

10 20/09/1983 38669 39290 0.37 143.1 145.4 58.00% 83.0 84.3 38437 39054 0.16 60.1 61.1 White Crystal

WHITE CRYSTAL DAM (PIT)

752535 0.15

1136

9 23/08/1983 40389 41037 0.32 129.2 131.3 56.24% 72.7 73.9 40147 40791 0.14 56.6 57.5 Spring Valley

8 26/07/1983 40812 41467 0.31 126.5 128.5 53.10% 67.2 68.3 40567 41218 0.15 59.3 60.3 Spring Valley

7 28/06/1983 38572 39191 0.28 108.0 109.7 56.40% 60.9 61.9 38341 38956 0.12 47.1 47.8 Spring Valley

6 31/05/1983 40894 41550 0.37 151.3 153.7 61.10% 92.4 93.9 40649 41301 0.14 58.9 59.8 Spring Valley

5 3/05/1983 43100 43792 0.37 159.5 162.0 64.50% 102.9 104.5 42841 43529 0.13 56.6 57.5 Spring Valley

4 5/04/1983 40848 41503 0.39 159.3 161.9 62.50% 99.6 101.2 40603 41254 0.15 59.7 60.7 Spring Valley

3 8/03/1983 42524 43206 0.51 216.9 220.4 66.30% 143.8 146.1 42269 42947 0.17 73.1 74.3 Spring Valley

2 8/02/1983 25165 25569 0.38 95.6 97.2 57.00% 54.5 55.4 25014 25415 0.16 41.1 41.8 Spring Valley

1 14/12/1982 43815 44518 0.37 162.1 164.7 62.60% 101.5 103.1 43552 44251 0.14 60.6 61.6 Spring Valley

12 16/11/1982 38100 38711 0.39 148.6 151.0 70.10% 104.2 105.8 37871 38479 0.11 41.7 42.3 Spring Valley

11 19/10/1982 38400 39016 0.44 169.0 171.7 71.10% 120.1 122.1 38170 38782 0.13 48.8 49.6 Spring Valley

10 21/09/1982 42100 42776 0.38 160.0 162.5 66.60% 106.5 108.3 41847 42519 0.13 53.4 54.3 Spring Valley

SRING VALLEY LOW GRADE

479443 0.14

667

9 24/08/1982 44900 45621 0.45 202.1 205.3 65.50% 132.3 134.5 44631 45347 0.16 69.7 70.8 Spring Valley

8 27/07/1982 42900 43588 0.47 201.6 204.9 61.70% 124.4 126.4 42643 43327 0.18 77.2 78.5 Spring Valley

7 29/06/1982 37100 37695 0.46 170.7 173.4 60.80% 103.8 105.4 36877 37469 0.18 66.9 68.0 Spring Valley

6 1/06/1982 42800 43487 0.41 175.5 178.3 59.50% 104.4 106.1 42543 43226 0.17 71.1 72.2 Spring Valley

5 4/05/1982 38017 38627 0.38 144.5 146.8 52.50% 75.8 77.1 37789 38395 0.18 68.6 69.7 Spring Valley

4 6/04/1982 38847 39470 0.43 167.0 169.7 56.80% 94.9 96.4 38614 39234 0.19 72.2 73.3 Spring Valley

3 9/03/1982 29486 29959 0.4 117.9 119.8 57.40% 67.7 68.8 29309 29779 0.17 50.2 51.1 Spring Valley

2 9/02/1982 25749 26162 0.43 110.7 112.5 58.90% 65.2 66.3 25595 26005 0.18 45.5 46.2 Spring Valley

1 12/01/1982 63213 64227 0.47 297.1 301.9 61.50% 182.7 185.6 62834 63842 0.18 114.4 116.2 Spring Valley

12 17/11/1981 30952 31449 0.51 157.9 160.4 62.40% 98.5 100.1 30766 31260 0.19 59.4 60.3 Spring Valley

11 20/10/1981 36446 37031 0.45 164.0 166.6 58.00% 95.1 96.7 36227 36809 0.19 68.9 70.0 Spring Valley

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PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

Email: [email protected]

10 22/09/1981 35700 36273 0.47 167.8 170.5 60.40% 101.3 103.0 35486 36055 0.19 66.4 67.5 Spring Valley

9 25/08/1981 35000 35562 0.57 199.5 202.7 57.40% 114.5 116.4 34790 35348 0.24 85.0 86.4 Spring Valley

8 28/07/1981 35534 36104 0.48 170.6 173.3 59.30% 101.1 102.8 35321 35888 0.20 69.4 70.5 Spring Valley

7 30/06/1981 40486 41136 0.59 238.9 242.7 60.20% 143.8 146.1 40243 40889 0.24 95.1 96.6 Spring Valley

6 2/06/1981 12783 12988 0.64 81.8 83.1 65.70% 53.7 54.6 12706 12910 0.22 28.1 28.5 Spring Valley

5 5/05/1981 43888 44592 0.57 250.2 254.2 60.70% 151.8 154.3 43625 44325 0.23 98.3 99.9 Spring Valley

4 7/04/1981 26226 26647 0.47 123.3 125.2 60.20% 74.2 75.4 26069 26487 0.19 49.1 49.8 Spring Valley

3 10/03/1981 46210 46952 0.55 254.2 258.2 61.30% 155.8 158.3 45933 46670 0.21 98.4 99.9 Spring Valley

2 10/02/1981 42335 43014 0.57 241.3 245.2 61.40% 148.2 150.5 42081 42756 0.22 93.1 94.6 Spring Valley

1 13/01/1981 61925 62919 0.52 322.0 327.2 61.20% 197.1 200.2 61553 62541 0.20 124.9 126.9 Spring Valley

12 18/11/1980 41366 42030 0.61 252.3 256.4 62.70% 158.2 160.8 41118 41778 0.23 94.1 95.6 Spring Valley

11 21/10/1980 30709 31202 0.6 184.3 187.2 59.10% 108.9 110.6 30525 31015 0.25 75.4 76.6 Spring Valley

10 23/09/1980 41917 42590 0.5 209.6 212.9 59.70% 125.1 127.1 41665 42334 0.20 84.5 85.8 Spring Valley

9 26/08/1980 48860 49644 0.53 259.0 263.1 62.70% 162.4 165.0 48567 49346 0.20 96.6 98.1 Spring Valley

8 29/07/1980 42022 42696 0.55 231.1 234.8 61.00% 141.0 143.2 41770 42440 0.22 90.1 91.6 Spring Valley

7 1/07/1980 39365 39997 0.53 208.6 212.0 64.60% 134.8 136.9 39129 39757 0.19 73.9 75.0 Spring Valley

6 3/06/1980 45411 46140 0.67 304.3 309.1 61.80% 188.0 191.0 45139 45863 0.26 116.2 118.1 Spring Valley

5 6/05/1980 46235 46977 0.51 235.8 239.6 58.10% 137.0 139.2 45958 46695 0.21 98.8 100.4 Spring Valley

4 8/04/1980 45686 46419 0.48 219.3 222.8 59.10% 129.6 131.7 45412 46141 0.20 89.7 91.1 Spring Valley

3 11/03/1980 42501 43183 0.42 178.5 181.4 55.00% 98.2 99.8 42246 42924 0.19 80.3 81.6 Spring Valley

2 12/02/1980 46475 47221 0.42 195.2 198.3 61.00% 119.1 121.0 46196 46937 0.16 76.1 77.3 Spring Valley

1 15/01/1980 43356 44052 0.44 190.1 193.2 68.59% 130.4 132.5 43096 43787 0.14 59.7 60.7 Spring Valley

12 20/11/1979 40237 40883 0.46 185.1 188.1 76.60% 141.8 144.1 39996 40637 0.11 43.3 44.0 Spring Valley

11 23/10/1979 44102 44810 0.49 216.1 219.6 73.00% 157.8 160.3 43837 44541 0.13 58.3 59.3 Spring Valley

10 25/09/1979 45569 46300 0.53 241.5 245.4 80.90% 195.4 198.5 45296 46022 0.10 46.1 46.9 Spring Valley

9 28/08/1979 50098 50902 0.52 260.5 264.7 80.70% 210.2 213.6 49797 50597 0.10 50.3 51.1 Spring Valley

8 31/07/1979 50989 51807 0.54 275.3 279.8 74.90% 206.2 209.5 50683 51496 0.14 69.1 70.2 Spring Valley

7 3/07/1979 45361 46089 0.47 213.2 216.6 75.00% 159.9 162.5 45089 45812 0.12 53.3 54.2 Spring Valley

6 5/06/1979 42877 43565 0.57 244.4 248.3 77.40% 189.2 192.2 42620 43304 0.13 55.2 56.1 Spring Valley

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

Email: [email protected]

5 8/05/1979 43903 44608 0.57 250.2 254.3 72.40% 181.2 184.1 43640 44340 0.16 69.1 70.2 Spring Valley

4 17/04/1979 25155 25559 0.72 181.1 184.0 72.00% 130.4 132.5 25004 25405 0.20 50.7 51.5 Spring Valley

3 13/03/1979 51933 52766 0.52 270.1 274.4 73.10% 197.4 200.6 51621 52450 0.14 72.6 73.8 Spring Valley

2 13/02/1979 51952 52786 0.47 244.2 248.1 72.30% 176.5 179.4 51640 52469 0.13 67.6 68.7 Spring Valley

1 16/01/1979 90615 92069 0.45 407.8 414.3 67.00% 273.2 277.6 90071 91517 0.15 134.6 136.7 Spring Valley

13 19/12/1978 48424 49201 0.5 242.1 246.0 61.50% 148.9 151.3 48133 48906 0.19 93.2 94.7 Spring Valley

12 27/11/1978 48621 49401 0.46 223.7 227.2 68.90% 154.1 156.6 48329 49105 0.14 69.6 70.7 Spring Valley

11 24/10/1978 46595 47343 0.4 186.4 189.4 67.40% 125.6 127.6 46315 47059 0.13 60.8 61.7 Spring Valley

10 26/09/1978 38627 39247 0.36 139.1 141.3 67.90% 94.4 95.9 38395 39011 0.12 44.6 45.4 Spring Valley

9 29/08/1978 53334 54190 0.37 197.3 200.5 69.20% 136.6 138.7 53014 53865 0.11 60.8 61.8 Spring Valley

8 1/08/1978 47968 48738 0.44 211.1 214.4 70.20% 148.2 150.5 47680 48445 0.13 62.9 63.9 Spring Valley

7 4/07/1978 3899 3962 0.4 15.6 15.8 70.20% 10.9 11.1 3876 3938 0.12 4.6 4.7 Spring Valley

1-6 1978 246401 250355 0.42 1042 1058.3 67.37% 702 713.0 244923 248853 0.14 339.9 345.3 Spring Valley (2)

12 22/11/1977 49711 50509 0.41 203.8 207.1 65.00% 132.5 134.6 49413 50206 0.14 71.3 72.5 Spring Valley

11 25/10/1977 45257 45983 0.5 226.3 229.9 67.30% 152.3 154.7 44985 45707 0.16 74.0 75.2 Spring Valley

10 27/09/1977 12261 12458 0.52 63.8 64.8 53.80% 34.3 34.9 12187 12383 0.24 29.5 29.9 Spring Valley

9 30/08/1977 41140 41800 0.41 168.7 171.4 63.80% 107.6 109.3 42609 43293 0.09 38.3 39.0 Spring Valley

8 2/08/1977 49840 50640 0.43 214.3 217.8 59.90% 128.4 130.4 49541 50336 0.17 85.9 87.3 Spring Valley

SPRING VALLEY DAM HIGH GRADE

2667275 0.17

4484

7 5/07/1977 44571 45286 0.35 156.0 158.5 63.00% 98.3 99.9 44304 45015 0.13 57.7 58.6 Main Dam

6 7/06/1977 44387 45099 0.28 124.3 126.3 55.00% 68.4 69.5 44121 44829 0.13 55.9 56.8 Main Dam

5 10/05/1977 47191 47948 0.31 146.3 148.6 59.10% 86.5 87.8 46908 47661 0.13 59.8 60.8 Main Dam

4 12/04/1977 42921 43610 0.24 103.0 104.7 53.30% 54.9 55.8 42609 43293 0.09 38.3 39.0 Main Dam

3 15/03/1977 44756 45474 0.25 111.9 113.7 53.90% 60.3 61.3 44487 45201 0.12 51.6 52.4 Main Dam

2 15/02/1977 38476 39093 0.28 107.7 109.5 55.90% 60.2 61.2 38245 38859 0.12 47.5 48.3 Main Dam

1 18/01/1977 76199 77422 0.28 213.4 216.8 58.00% 123.7 125.7 75742 76957 0.12 89.6 91.0 Main Dam

1-12 29/05/1905 436139 443138 0.48 2127 2003 58.91% 1161 1180 469396 476928 0.15 724 735 Main Dam (2)

12 25/11/1975 22772 23137 0.641 146.0 148.3 66.70% 97.4 98.9 22507 22868 0.21 47.3 48.0 Main Dam

11 28/10/1975 28369 28824 0.448 127.1 129.1 59.98% 76.2 77.5 28092 28543 0.14 39.9 40.5 Main Dam

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

Email: [email protected]

10 30/09/1975 24104 24491 0.474 114.3 116.1 56.79% 64.9 65.9 23855 24238 0.17 39.8 40.5 Main Dam

9 2/09/1975 31099 31598 0.57 177.3 180.1 56.18% 99.6 101.2 30775 31269 0.23 70.8 71.9 Main Dam

8 5/08/1975 30776 31270 0.535 164.7 167.3 59.60% 98.1 99.7 30493 30983 0.20 60.1 61.0 Main Dam

7 8/07/1975 33461 33998 0.569 190.4 193.4 60.05% 114.3 116.2 33086 33617 0.20 65.2 66.2 Main Dam

6 10/06/1975 33279 33813 0.546 181.7 184.6 55.97% 101.7 103.3 32935 33464 0.22 71.5 72.6 Main Dam

5 13/05/1975 39314 39945 0.472 185.6 188.5 57.42% 106.6 108.3 38946 39571 0.19 74.8 76.0 Main Dam

4 14/04/1975 30802 31296 0.473 145.7 148.0 59.27% 86.4 87.7 30490 30980 0.17 52.1 53.0 Main Dam

3 18/03/1975 33345 33880 0.482 160.7 163.3 59.72% 96.0 97.5 33025 33555 0.18 59.8 60.7 Main Dam

2 1/02/1975 36538 37124 0.581 212.3 215.7 59.40% 126.1 128.1 36110 36689 0.21 77.3 78.5 Main Dam

1 21/01/1975 64047 65075 0.465 297.8 302.6 59.40% 176.9 179.7 63326 64342 0.14 89.3 90.7 Main Dam

12 26/11/1974 28521 28979 0.511 145.7 148.1 62.33% 90.8 92.3 28178 28630 0.21 58.3 59.3 Main Dam

11 29/10/1974 38303 38918 0.666 255.1 259.2 54.56% 139.2 141.4 37797 38403 0.31 115.9 117.8 Main Dam

10 1/10/1974 36968 37561 0.522 193.0 196.1 55.56% 107.2 108.9 36510 37096 0.24 89.1 90.5 Main Dam

9 3/09/1974 35911 36487 0.726 260.7 264.9 55.77% 145.4 147.7 35696 36268 0.32 115.3 117.2 Main Dam

8 6/08/1974 38589 39208 0.538 207.6 210.9 59.18% 122.9 124.8 38357 38973 0.22 84.7 86.1 Main Dam

7 9/07/1974 38279 38893 0.523 200.2 203.4 55.77% 111.7 113.4 38049 38660 0.23 88.5 90.0 Main Dam

6 11/06/1974 36776 37366 0.661 243.1 247.0 61.04% 148.4 150.8 36555 37142 0.26 94.7 96.2 Main Dam

5 14/05/1974 40513 41163 0.637 258.1 262.2 62.15% 160.4 163.0 40270 40916 0.24 97.7 99.2 Main Dam

4 16/04/1974 36565 37152 0.591 216.1 219.6 59.91% 129.5 131.5 36346 36929 0.24 86.6 88.0 Main Dam

3 19/03/1974 40047 40690 0.567 227.1 230.7 62.83% 142.7 145.0 39807 40445 0.21 84.4 85.8 Main Dam

2 19/02/1974 37998 38608 0.478 181.6 184.5 56.41% 102.5 104.1 37770 38376 0.21 79.2 80.4 Main Dam

1 22/01/1974 40921 41578 0.419 171.5 174.2 55.38% 95.0 96.5 40675 41328 0.19 76.5 77.7 Main Dam

18 27/11/1973 56503 57410 0.419 236.7 240.5 60.11% 142.3 144.6 56164 57065 0.17 94.4 96.0 Main Dam

17 16/10/1973 32273 32791 0.433 139.7 142.0 61.53% 86.0 87.4 32079 32594 0.17 53.8 54.6 Main Dam

16 19/09/1973 34223 34772 0.431 147.5 149.9 61.75% 91.1 92.5 34018 34564 0.17 56.4 57.3 Main Dam

15 21/08/1973 34022 34568 0.561 190.9 193.9 66.12% 126.2 128.2 33818 34361 0.19 64.7 65.7 Main Dam

14 24/07/1973 29797 30275 0.531 158.2 160.8 70.37% 111.3 113.1 29618 30093 0.16 46.9 47.6 Main Dam

13 26/06/1973 40955 41612 0.52 213.0 216.4 67.15% 143.0 145.3 40709 41363 0.17 70.0 71.1 Main Dam

12 26/05/1973 38147 38759 0.508 193.8 196.9 63.86% 123.8 125.7 37918 38527 0.18 70.0 71.2 Main Dam

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

Email: [email protected]

11 28/04/1973 32383 32903 0.769 249.0 253.0 68.80% 171.3 174.1 32189 32705 0.24 77.7 78.9 Main Dam

10 31/03/1973 38285 38899 0.602 230.5 234.2 70.00% 161.3 163.9 38055 38666 0.18 69.1 70.3 Main Dam

9 3/03/1973 38510 39128 0.574 221.0 224.6 67.95% 150.2 152.6 38279 38893 0.19 70.8 72.0 Main Dam

8 3/02/1973 35618 36190 0.697 248.3 252.2 68.52% 170.1 172.8 35404 35972 0.22 78.2 79.4 Main Dam

7 6/01/1973 32584 33107 0.485 158.0 160.6 62.97% 99.5 101.1 32388 32908 0.18 58.5 59.5 Main Dam

6 9/12/1973 38015 38625 0.556 211.4 214.8 67.85% 143.4 145.7 37787 38393 0.18 68.0 69.0 Main Dam

5 11/11/1972 36972 37565 0.579 214.1 217.5 63.11% 135.1 137.3 36750 37340 0.21 79.0 80.2 Main Dam

4 14/10/1972 35594 36165 0.532 189.4 192.4 62.59% 118.5 120.4 35380 35948 0.20 70.8 72.0 Main Dam

3 16/09/1972 33762 34304 0.478 161.4 164.0 59.22% 95.6 97.1 33559 34098 0.20 65.8 66.9 Main Dam

2 19/08/1972 32228 32745 0.488 157.3 159.8 59.51% 93.6 95.1 32035 32549 0.20 63.7 64.7 Main Dam

1 22/07/1972 33451 33988 0.451 150.9 153.3 59.49% 89.7 91.2 33250 33784 0.18 61.1 62.1 Main Dam

13 24/06/1972 30860 31355 0.545 168.2 170.9 54.23% 91.2 92.7 30675 31167 0.25 77.0 78.2 Main Dam

12 27/05/1972 33685 34226 0.502 169.1 171.8 54.59% 92.3 93.8 33483 34020 0.23 76.8 78.0 Main Dam

11 29/04/1972 29478 29951 0.515 151.8 154.2 62.15% 94.4 95.9 29301 29771 0.20 57.5 58.4 Main Dam

10 1/04/1972 29225 29694 0.431 126.0 128.0 57.33% 72.2 73.4 29050 29516 0.19 53.7 54.6 Main Dam

9 4/03/1972 30459 30948 0.6 182.8 185.7 61.48% 112.4 114.2 30276 30762 0.23 70.4 71.5 Main Dam

8 5/02/1972 30765 31259 0.74 227.7 231.3 65.85% 149.9 152.3 30580 31071 0.25 77.7 79.0 Main Dam

7 8/01/1972 20447 20775 0.374 76.5 77.7 58.18% 44.5 45.2 20324 20650 0.16 32.0 32.5 Main Dam

6 11/12/1971 37590 38193 0.426 160.1 162.7 54.83% 87.8 89.2 37364 37964 0.19 72.3 73.5 Main Dam

5 13/11/1971 23238 23611 0.385 89.5 90.9 48.36% 43.3 44.0 23099 23469 0.20 46.2 46.9 Main Dam

4 16/10/1971 22884 23251 0.516 118.1 120.0 56.98% 67.3 68.4 22747 23112 0.22 50.8 51.6 Main Dam

3 18/09/1971 19934 20254 0.441 87.9 89.3 61.28% 53.9 54.7 19814 20132 0.17 34.0 34.6 Main Dam

2 21/08/1971 18422 18718 0.502 92.5 94.0 59.88% 55.4 56.3 18311 18605 0.20 37.1 37.7 Main Dam

1 24/07/1971 19212 19520 0.797 153.1 155.6 60.95% 93.3 94.8 19097 19403 0.31 59.8 60.8 Main Dam

13 26/06/1971 18753 19054 0.714 133.9 136.0 64.94% 87.0 88.3 18640 18940 0.25 46.9 47.7 Main Dam

12 29/05/1971 17079 17353 0.674 115.1 117.0 63.54% 73.1 74.3 16977 17249 0.25 42.0 42.6 Main Dam

11 1/05/1971 19791 20109 0.495 98.0 99.5 61.57% 60.3 61.3 19672 19988 0.19 37.6 38.3 Main Dam

10 3/04/1971 23235 23608 0.596 138.5 140.7 66.86% 92.6 94.1 23096 23466 0.20 45.9 46.6 Main Dam

9 6/03/1971 23464 23841 0.425 99.7 101.3 63.22% 63.0 64.1 23323 23697 0.16 36.7 37.3 Main Dam

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

Email: [email protected]

8 6/02/1971 22286 22644 0.419 93.4 94.9 59.89% 55.9 56.8 22152 22508 0.17 37.5 38.1 Main Dam

7 9/01/1971 13921 14144 0.403 56.1 57.0 57.82% 32.4 33.0 13837 14060 0.17 23.7 24.0 Main Dam

6 12/12/1970 22577 22939 0.441 99.6 101.2 61.80% 61.5 62.5 22442 22802 0.17 38.0 38.6 Main Dam

5 14/11/1970 22993 23362 0.462 106.2 107.9 58.80% 62.5 63.5 22855 23222 0.19 43.8 44.5 Main Dam

4 17/10/1970 19948 20268 0.519 103.5 105.2 63.09% 65.3 66.4 19828 20146 0.19 38.2 38.8 Main Dam

3 19/09/1970 21510 21855 0.54 116.2 118.0 65.09% 75.6 76.8 21381 21724 0.19 40.5 41.2 Main Dam

2 22/08/1970 22418 22778 0.472 105.8 107.5 59.54% 63.0 64.0 22283 22641 0.19 42.8 43.5 Main Dam

1 25/07/1970 23518 23895 0.464 109.1 110.9 56.77% 61.9 62.9 23377 23752 0.20 47.2 47.9 Main Dam

13 27/06/1970 22794 23160 0.379 86.4 87.8 57.52% 49.7 50.5 22657 23021 0.16 36.7 37.3 Main Dam

12 30/05/1970 22841 23208 0.511 116.7 118.6 61.75% 72.1 73.2 22704 23068 0.20 44.6 45.4 Main Dam

11 2/05/1970 22672 23036 0.428 97.0 98.6 62.47% 60.6 61.6 22536 22898 0.16 36.4 37.0 Main Dam

10 4/04/1970 21090 21428 0.478 100.8 102.4 59.17% 59.6 60.6 20963 21300 0.20 41.2 41.8 Main Dam

9 7/03/1970 24429 24821 0.435 106.3 108.0 56.69% 60.2 61.2 24282 24672 0.19 46.0 46.8 Main Dam

8 7/02/1970 23252 23625 0.426 99.1 100.6 59.75% 59.2 60.1 23112 23483 0.17 39.9 40.5 Main Dam

7 10/01/1970 16872 17143 0.374 63.1 64.1 59.43% 37.5 38.1 16771 17040 0.15 25.6 26.0 Main Dam

6 13/12/1969 26275 26697 0.472 124.0 126.0 63.75% 79.1 80.3 26117 26536 0.17 45.0 45.7 Main Dam

5 15/11/1969 24887 25286 0.455 113.2 115.1 63.89% 72.3 73.5 24738 25135 0.17 40.9 41.5 Main Dam

4 18/10/1969 23147 23518 0.481 111.3 113.1 62.63% 69.7 70.8 23008 23377 0.18 41.6 42.3 Main Dam

3 20/09/1969 23916 24300 0.429 102.6 104.2 61.15% 62.7 63.7 23773 24154 0.17 39.9 40.5 Main Dam

2 23/08/1969 22820 23186 0.42 95.8 97.4 57.93% 55.5 56.4 22683 23047 0.18 40.3 41.0 Main Dam

1 26/07/1969 21982 22335 0.502 110.3 112.1 58.03% 64.0 65.1 21850 22201 0.21 46.3 47.1 Main Dam

1-13 1968-69 302364 307216 0.390 1179.2 1198.1 58.94% 695.0 706.2 297467 302241 0.17 505 512.7 Main Dam (2)

13 29/06/1968 21500 21845 0.39 83.9 85.2 53.51% 44.9 45.6 21371 21714 0.18 39.0 39.6 Main Dam

12 1/06/1968 22413 22773 0.407 91.2 92.7 56.98% 52.0 52.8 22279 22636 0.18 39.2 39.9 Main Dam

11 4/05/1968 19829 20147 0.372 73.8 74.9 58.73% 43.3 44.0 19710 20026 0.15 30.4 30.9 Main Dam

10 6/04/1968 23040 23410 0.444 102.3 103.9 59.92% 61.3 62.3 22902 23269 0.18 41.0 41.7 Main Dam

9 9/03/1968 24654 25050 0.423 104.3 106.0 58.45% 61.0 61.9 24506 24899 0.18 43.3 44.0 Main Dam

8 10/02/1968 22458 22818 0.409 91.9 93.3 59.49% 54.6 55.5 22323 22681 0.17 37.2 37.8 Main Dam

7 13/01/1968 23413 23788 0.399 93.3 94.8 60.03% 56.0 56.9 23272 23645 0.16 37.3 37.9 Main Dam

REYNARD AUSTRALIA PTY LTD ABN 64 058 856 796

PO Box 1153, Inverell, N.S.W. 2360

Phone/Fax 0267 210 196, Mobile 0419 956 270

Email: [email protected]

6 16/12/1967 24367 24758 0.388 94.5 96.1 60.57% 57.3 58.2 24221 24609 0.15 37.3 37.9 Main Dam

5 18/11/1967 23237 23610 0.414 96.2 97.7 59.42% 57.2 58.1 23098 23468 0.17 39.0 39.7 Main Dam

4 21/10/1967 22629 22992 0.375 84.9 86.2 61.38% 52.1 52.9 22493 22854 0.15 32.8 33.3 Main Dam

3 23/09/1967 23851 24234 0.389 92.8 94.3 58.76% 54.5 55.4 23708 24088 0.16 38.3 38.9 Main Dam

2 26/08/1967 25556 25966 0.338 86.4 87.8 60.61% 52.4 53.2 25403 25810 0.13 34.0 34.6 Main Dam

1 29/07/1967 24602 24997 0.388 95.5 97.0 62.26% 59.4 60.4 24454 24847 0.15 36.0 36.6 Main Dam

13 1/07/1967 34755 35313 0.371 128.9 131.0 48.17% 62.1 63.1 34546 35101 0.19 66.8 67.9 Main Dam

12 20/05/1967 20633 20964 0.454 93.7 95.2 57.28% 53.7 54.5 20509 20838 0.20 40.0 40.7 Main Dam

11 22/04/1967 20898 21233 0.388 81.1 82.4 57.26% 46.4 47.2 20773 21106 0.17 34.7 35.2 Main Dam

10 25/03/1967 19361 19672 0.371 71.8 73.0 61.54% 44.2 44.9 19245 19554 0.14 27.6 28.1 Main Dam

9 25/02/1967 21046 21384 0.407 85.7 87.0 61.79% 52.9 53.8 20920 21255 0.16 32.7 33.3 Main Dam

8 28/01/1967 23184 23556 0.377 87.4 88.8 55.87% 48.8 49.6 23045 23415 0.17 38.6 39.2 Main Dam

7 31/12/1966 17521 17802 0.407 71.3 72.5 54.59% 38.9 39.6 17416 17695 0.19 32.4 32.9 Main Dam

6 3/12/1966 25879 26294 0.393 101.7 103.3 53.53% 54.4 55.3 25724 26137 0.18 47.3 48.0 Main Dam

5 5/11/1966 25398 25806 0.397 100.8 102.4 48.48% 48.9 49.7 25246 25651 0.21 51.9 52.8 Main Dam

4 8/10/1966 24233 24622 0.43 104.2 105.9 48.03% 50.0 50.9 24088 24474 0.22 54.2 55.0 Main Dam

3 10/09/1966 22271 22628 0.522 116.3 118.1 53.18% 61.8 62.8 22137 22493 0.25 54.4 55.3 Main Dam

2 13/08/1966 21803 22153 0.488 106.4 108.1 48.87% 52.0 52.8 21672 22020 0.25 54.4 55.3 Main Dam

1 16/07/1966 11772 11961 0.382 45.0 45.7 45.81% 20.6 20.9 11701 11889 0.21 24.4 24.8 Main Dam

12 4/06/1966 24690 25086 0.476 117.5 119.4 52.48% 61.7 62.7 24542 24936 0.23 55.8 56.7 Main Dam

11 7/05/1966 22641 23004 0.436 98.7 100.3 57.57% 56.8 57.7 22505 22866 0.185 41.6 42.3 Main Dam

10 9/04/1966 23094 23465 0.376 86.8 88.2 52.82% 45.9 46.6 22955 23324 0.177 40.6 41.3 Main Dam

9 12/03/1966 25062 25464 0.417 104.5 106.2 56.63% 59.2 60.1 24912 25311 0.18 45.3 46.1 Main Dam

8 12/02/1966 21726 22075 0.424 92.1 93.6 59.70% 55.0 55.9 21596 21942 0.17 37.1 37.7 Main Dam

7 15/01/1966 11810 12000 0.484 57.2 58.1 58.46% 33.4 34.0 11739 11928 0.20 23.7 24.1 Main Dam

6 18/12/1965 21390 21733 0.499 106.7 108.4 55.82% 59.6 60.5 21262 21603 0.22 47.2 47.9 Main Dam

5 20/11/1965 24291 24681 0.387 94.0 95.5 50.90% 47.8 48.6 24145 24533 0.197 47.6 48.3 Main Dam

4 23/10/1965 21476 21821 0.401 86.1 87.5 48.91% 42.1 42.8 21347 21690 0.205 43.8 44.5 Main Dam

3 25/09/1965 23178 23550 0.381 88.3 89.7 52.20% 46.1 46.8 23039 23409 0.182 41.9 42.6 Main Dam

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2 28/08/1965 23616 23995 0.388 91.6 93.1 56.86% 52.1 52.9 23474 23851 0.17 39.5 40.2 Main Dam

1 31/07/1965 223628 227217 0.41 916.9 931.6 56.67% 519.6 527.9 222286 225853 0.18 397.3 403.7 Main Dam

13 5/06/1965 20372 20699 0.494 100.6 102.3 50.97% 51.3 52.1 20250 20575 0.24 49.3 50.1 Main Dam

12 8/05/1965 19165 19473 0.428 82.0 83.3 52.68% 43.2 43.9 19050 19356 0.20 38.8 39.4 Main Dam

11 10/04/1965 21457 21801 0.415 89.0 90.5 42.19% 37.6 38.2 21328 21671 0.24 51.2 52.0 Main Dam

10 13/03/1965 18840 19142 0.426 80.3 81.5 48.89% 39.2 39.9 18727 19027 0.22 41.0 41.7 Main Dam

9 13/02/1965 19351 19662 0.423 81.9 83.2 50.83% 41.6 42.3 19235 19544 0.21 40.2 40.9 Main Dam

8 16/01/1965 12992 13200 0.422 54.8 55.7 49.32% 27.0 27.5 12914 13121 0.22 27.8 28.2 Main Dam

7 19/12/1964 20500 20829 0.362 74.2 75.4 52.20% 38.7 39.4 20377 20704 0.17 35.5 36.0 Main Dam

6 21/11/1964 16141 16400 0.427 68.9 70.0 47.30% 32.6 33.1 16044 16302 0.23 36.3 36.9 Main Dam

5 24/10/1964 20070 20392 0.459 92.1 93.6 41.00% 37.8 38.4 19950 20270 0.271 54.1 54.9 Main Dam

4 26/09/1964 19635 19950 0.4 78.5 79.8 50.00% 39.3 39.9 19517 19830 0.20 39.3 39.9 Main Dam

3 29/08/1964 16485 16750 0.4 65.9 67.0 40.85% 26.9 27.4 16386 16649 0.26 42.6 43.3 Main Dam

2 1/08/1964 15866 16121 0.378 60.0 60.9 31.70% 19.0 19.3 15771 16024 0.26 40.7 41.3 Main Dam

1 18/07/1964 12771 12976 0.406 51.9 52.7 25.80% 13.4 13.6 12694 12898 0.30 38.2 38.8 Main Dam

MAIN TAILINGS DAM

4,871,253 0.19 9,041

Pre 06/1964 estimate 1,916,000 1946746 0.6 11496 11680.5 50.00% 5748 5840.2 1904504 1935065 0.30 5748.0 5840.2 (Main Dam?)

TOTALS 10,567,951 10,737,534 0.49 51,424 52,092 58.79% 30,232 30,717 10,536,493 10,705,571 0.20 20,834 21,168

Tonnes Sn%

Sn

Tonnes

Note

:

The difference between tonnes milled and tonnes of tailings recorded is assumed to be tailings reporting to the Sulphide Dam after

dressing the mill concentrates. Calculated at 31962 1.53 489

Notes:

(1): Molina and Doran 1989

(2): Averaged from adjacent production data.

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APPENDIX 4

TAILINGS DRILLING - PATERSON 1978

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ARDLETHAN OLD TAILINGS DAM - TEST DRILLING RESULTS (By Paterson 1978)

(Source: Report by RG Paterson June 1978 "ARDLETHAN TAILINGS : TONNAGE AND GRADE ASSESSMENT" )

Aim of drilling was to ascertain proportion of material in floatable size range -106 to +5 microns and the tin assay of this size range.

Dams drilled on 50m square grid pattern

Samples taken at 3.0m intervals

1200m of drilling completed for 411 samples which were then dried, sized and assayed

Cross sections of drill holes drawn across the dams and the volume of tailings determined from these sections

The full tailings assay, the fraction of material in floatable material and the product of the latter two (or overall recoverable grade)down the holes.

plotted against each 3 metre section

Total tonnage determined using an S.G. of 1.59

Grade determined by taking the arithmetic mean of all full 3 metre samples

Part samples at the bottom of the dam were rejected as being unreliable

A total 335 samples were meaned to produce the average grade of 0.197% Sn. This exactly the same as mill assay records.

The mean feed float fraction was meaned from the 335 samples as 0.342 (or 34.2%)

Float feed assay meaned at 0.318% Sn

Bench plans at 6.0m intervals across the dam were constructed for Float Feed Fraction, Float Feed Assay and Float Feed Fraction x Float Feed Assay

Apparent from these plans there are less favourable units for the float plant near the old cyclone walls and original tailings outlet position, i.e. the northern section of the dam above the tailings wall.

Total tonnage across the Old Dams (except sulphide Dam which had an estimated 15,000t at 2.00% in 1978 and Horseshoe Dam which was too wet to measure was:

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APPENDIX 5

PRODUCTION DETAILS - MINERALISED WASTE DUMPS

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TOTAL WASTE WHITE CRYSTAL ARDWEST, WILD CHERRY, OTHERS

PERIOD ENDING TOTAL WASTE WASTE GRADE CONTAINED WASTE WASTE GRADE CONTAINED WASTE WASTE GRADE CONTAINED

WASTE m3 tonnes Sn% Sn Tin m3 tonnes Sn% Sn Tin m3 tonnes Sn% Sn Tin

1 cuyd = 0.7646 cu metres 2.75 tonnes/cu.metre 2.75 S.G SG 2.75 S.G

Cu Yd 2.71 tons/cu. metre

12 12/11/1985 13084 35981 0.08 28.79 13084 35981 0.080 29

11 15/10/1985 10313 28361 0.08 22.69 10313 28361 0.080 23

10 17/09/1985 17981 49448 0.08 39.56 17981 49448 0.080 40

9 20/08/1985 4073 11202 0.08 8.96 4073 11202 0.080 9

8 23/07/1985 2140 5884 0.08 4.71 2140 5884 0.080 5

7 25/06/1985 2031 5585 0.08 4.47 2031 5585 0.080 4

6 28/05/1985 2109 5801 0.08 4.64 2109 5801 0.080 5

5 30/04/1985 1786 4913 0.08 3.93 1786 4913 0.080 4

4 2/04/1985 1166 3208 0.08 2.57 1166 3208 0.080 3

3 5/03/1985 1530 4208 0.08 3.37 1530 4208 0.080 3

2 5/02/1985 4514 12413 0.08 9.93 4514 12413 0.080 10

1 11/12/1984 673 1851 0.08 1.48 673 1851 0.080 1

12 13/11/1984 393 1081 0.08 0.86 393 1081 0.080 1

11 16/10/1984 849 2336 0.08 1.87 849 2336 0.080 2

10 18/09/1984 2043 5618 0.08 4.49 2043 5618 0.080 4

9 21/08/1984 4696 12915 0.08 10.33 4696 12915 0.080 10

8 24/07/1984 991 2724 0.08 2.18 991 2724 0.080 2

7 26/06/1984 2599 7147 0.08 5.72 2599 7147 0.080 6

6 29/05/1984 553 1520 0.08 1.22 553 1520 0.080 1

5 1/05/1984 872 2398 0.08 1.92 872 2398 0.080 2

4 3/04/1984 1023 2814 0.08 2.25 1023 2814 0.080 2

3 6/03/1984 1765 4853 0.08 3.88 1765 4853 0.080 4

2 7/02/1984 2506 6891 0.08 5.51 2506 6891 0.080 6

1 13/12/1983 702 1930 0.08 1.54 702 1930 0.080 2

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12 15/11/1983 809 2224 0.08 1.78 809 2224 0.080 2

11 18/10/1983 616 1695 0.08 1.36 616 1695 0.080 1

10 20/09/1983 962 2645 0.08 2.12 962 2645 0.080 2

9 23/08/1983 2278 6264 0.08 5.01 2278 6264 0.080 5

8 26/07/1983 1888 5193 0.08 4.15 1888 5193 0.080 4

7 28/06/1983 57 155 0.08 0.12 57 155 0.080 0

6 31/05/1983 1558 4286 0.08 3.43 1558 4286 0.080 3

5 3/05/1983 927 2548 0.08 2.04 927 2548 0.080 2

4 5/04/1983 688 1892 0.08 1.51 688 1892 0.080 2

3 8/03/1983 517 1422 0.08 1.14 517 1422 0.080 1

2 8/02/1983 732 2014 0.08 1.61 732 2014 0.080 2

1 14/12/1982 1782 4899 0.08 3.92 1782 4899 0.080 4

12 16/11/1982 5153 14171 0.08 11.34 3787 10413 0.08 8.33 1366 3758 0.080 3

11 19/10/1982 2637 7253 0.08 5.80 2436 6700 0.08 5.36 201 553 0.080 0

10 21/09/1982 5273 14502 0.08 11.60 2164 5950 0.08 4.76 3110 8552 0.080 7

9 24/08/1982 2099 5771 0.08 4.62 2099 5771 0.080 5

8 27/07/1982 397 1092 0.08 0.87 397 1092 0.080 1

7 29/06/1982 870 2392 0.08 1.91 870 2392 0.080 2

6 1/06/1982 0 0 0.08 0.00 0

5 4/05/1982 0 0 0.08 0.00 0

4 6/04/1982 0 0 0.08 0.00 0

3 9/03/1982 253 695 0.08 0.56 253 695 0.080 1

2 9/02/1982 159 437 0.08 0.35 159 437 0.080 0

1 12/01/1982 1478 4064 0.08 3.25 1478 4064 0.14 5.69 -2

12 17/11/1981 8461 23267 0.08 18.61 8388 23067 0.08 18.45 73 200 0.080 0

11 20/10/1981 3414 9388 0.08 7.51 3414 9388 0.14 13.14 -6

10 22/09/1981 0 0 0.08 0.00 0

9 25/08/1981 1116 3069 0.08 2.46 1116 3069 0.080 2

8 28/07/1981 3744 10297 0.08 8.24 3744 10297 0.080 8

7 30/06/1981 3486 9587 0.08 7.67 3486 9587 0.080 8

6 2/06/1981 2452 6742 0.08 5.39 2452 6742 0.080 5

5 5/05/1981 2452 6742 0.08 5.39 2452 6742 0.080 5

4 7/04/1981 2407 6619 0.08 5.29 1291 3550 0.08 2.84 1116 3069 0.080 2

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3 10/03/1981 6948 19106 0.08 15.28 5371 14771 0.08 11.82 1576 4335 0.080 3

2 10/02/1981 7278 20014 0.08 16.01 4741 13038 0.08 10.43 2537 6976 0.080 6

1 13/01/1981 2693 7406 0.08 5.92 2547 7004 0.08 5.60 146 402 0.080 0

12 18/11/1980 8371 23020 0.08 18.42 8371 23020 0.10 23.02 -5

11 21/10/1980 12740 35035 0.08 28.03 9532 26213 0.10 26.21 3208 8822 0.021 2

10 23/09/1980 12619 34702 0.08 27.76 9355 25726 0.10 25.73 3264 8976 0.023 2

9 26/08/1980 14116 38819 0.08 31.06 14116 38819 0.10 38.82 -8

8 29/07/1980 11133 30616 0.08 24.49 11133 30616 0.10 30.62 -6

7 1/07/1980 9036 24849 0.08 19.88 9036 24849 0.080 20

6 3/06/1980 11693 32156 0.08 25.72 11693 32156 0.080 26

5 6/05/1980 7659 21062 0.08 16.85 7112 19558 0.08 15.65 547 1504 0.080 1

4 8/04/1980 4003 11008 0.08 8.81 4003 11008 0.080 9

3 11/03/1980 31736 87274 0.08 69.82 31736 87274 0.10 87.27 -17

2 12/02/1980 57673 158601 0.08 126.88 57673 158601 0.10 158.60 -32

1 15/01/1980 112274 308754 0.08 247.00 108519 298427 0.10 298.43 3755 10326 -0.498 -51

12 20/11/1979 45623 125463 0.08 100.37 42812 117733 0.10 117.73 2811 7730 -0.225 -17

11 23/10/1979 5450 14988 0.08 11.99 5450 14988 0.080 12

10 25/09/1979 0 0 0.00 0

9 28/08/1979 0 0 0.00 0

8 31/07/1979 0 0 0.00 0

7 3/07/1979 0 0 0.00 0

6 5/06/1979 0 0 0.00 0

5 8/05/1979 0 0 0.00 0

4 17/04/1979 0 0 0.00 0

3 13/03/1979 0 0 0.00 0

2 13/02/1979 9421 25908 0.08 20.73 9421 25908 0.080 21

1 16/01/1979 15957 43882 0.08 35.11 15957 43882 0.080 35

13 19/12/1978 0 0 0.08 0.00 0

12 21/11/1978 19195 52786 0.08 42.23 19195 52786 0.080 42

11 24/10/1978 9321 25633 0.08 20.51 9321 25633 0.080 21

10 26/09/1978 21395 58836 0.08 47.07 21395 58836 0.080 47

9 29/08/1978 21094 58009 0.08 46.41 21094 58009 0.080 46

8 1/08/1978 12728 35002 0.08 28.00 12728 35002 0.080 28

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7 4/07/1978 8536 23474 0.08 18.78 8536 23474 0.080 19

6 6/06/1978 7689 21145 0.08 16.92 7689 21145 0.080 17

5 9/05/1978 7689 21145 0.08 16.92 7689 21145 0.080 17

4 11/04/1978 7689 21145 0.08 16.92 7689 21145 0.080 17

3 14/03/1978 7689 21145 0.08 16.92 7689 21145 0.080 17

2 14/02/1978 7689 21145 0.08 16.92 7689 21145 0.080 17

1 17/01/1978 7689 21145 0.08 16.92 7689 21145 0.080 17

12 22/11/1977 40836 112299 0.08 89.84 40836 112299 0.080 90

11 25/10/1977 55757 153332 0.08 122.67 55757 153332 0.080 123

10 27/09/1977 33101 91028 0.08 72.82 33101 91028 0.080 73

9 30/08/1977 41913 115261 0.08 92.21 41913 115261 0.080 92

8 2/08/1977 58163 159948 0.08 127.96 58163 159948 0.080 128

7 5/07/1977 44064 121176 0.08 96.94 44064 121176 0.080 97

6 7/06/1977 43612 119933 0.08 95.95 43612 119933 0.080 96

5 10/05/1977 45423 124913 0.08 99.93 45423 124913 0.080 100

4 12/04/1977 35423 97413 0.08 77.93 35423 97413 0.080 78

3 15/03/1977 32556 89529 0.08 71.62 32556 89529 0.080 72

2 15/02/1977 50841 139813 0.08 111.85 50841 139813 0.080 112

1 18/01/1977 76987 211714 0.08 169.37 76987 211714 0.080 169

1-12 1976 575585 1582859 0.06 948.62 575585 1582859 0.060 949

12 25/11/1975 21189 58270 0.02 11.65 21189 58270 0.020 12

11 28/10/1975 37027 101824 0.06 61.09 37027 101824 0.060 61

10 30/09/1975 22589 62120 0.09 55.91 22589 62120 0.090 56

9 2/09/1975 46069 126690 0.05 63.34 46069 126690 0.050 63

8 5/08/1975 57337 157677 0.03 47.30 57337 157677 0.030 47

7 8/07/1975 34377 94537 0.08 75.63 34377 94537 0.080 76

6 10/06/1975 56246 154677 0.05 77.34 56246 154677 0.050 77

5 13/05/1975 49720 136730 0.02 27.35 49720 136730 0.020 27

4 14/04/1975 46862 128871 0.02 25.77 46862 128871 0.020 26

3 18/03/1975 71964 197901 0.02 39.58 71964 197901 0.020 40

2 1/02/1975 76199 209547 0.03 62.86 76199 209547 0.030 63

1 21/01/1975 72915 200516 0.06 120.31 72915 200516 0.060 120

12 26/11/1974 25362 69746 0.14 97.64 25362 69746 0.140 98

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11 29/10/1974 29158 80185 0.19 152.35 29158 80185 0.190 152

10 1/10/1974 33253 91446 0.18 164.60 33253 91446 0.180 165

9 3/09/1974 41072 112948 0.15 169.42 41072 112948 0.150 169

8 6/08/1974 48431 133185 0.16 213.10 48431 133185 0.160 213

7 9/07/1974 35631 97985 0.17 166.57 35631 97985 0.170 167

6 11/06/1974 73787 202914 0.14 284.08 73787 202914 0.140 284

5 14/05/1974 60759 167087 0.13 217.21 60759 167087 0.130 217

4 16/04/1974 45212 124333 0.17 211.37 45212 124333 0.170 211

3 19/03/1974 45029 123830 0.12 148.60 45029 123830 0.120 149

2 19/02/1974 59745 164299 0.16 262.88 59745 164299 0.160 263

1 22/01/1974 130025 357569 0.10 357.57 130025 357569 0.100 358

18 27/11/1973 145791 400925 0.09 365.35 145791 400925 0.091 365

17 16/10/1973 84124 231341 0.11 254.48 84124 231341 0.110 254

16 19/09/1973 62124 170841 0.13 222.09 62124 170841 0.130 222

15 21/08/1973 133122 366086 0.11 416.07 2705 7439 0.19 14.13 130417 358647 0.112 402

14 24/07/1973 94207 259069 0.09 235.39 94207 259069 0.091 235

13 26/06/1973 88914 244514 0.13 317.87 88914 244514 0.130 318

12 26/05/1973 83170 228718 0.12 274.46 83170 228718 0.120 274

11 28/04/1973 71529 196705 0.09 177.03 71529 196705 0.090 177

10 31/03/1973 84048 231132 0.08 184.91 84048 231132 0.080 185

9 3/03/1973 92854 255349 0.08 206.49 92854 255349 0.081 206

8 3/02/1973 98808 271722 0.07 190.21 98808 271722 0.070 190

7 6/01/1973 86928 239052 0.07 175.43 86928 239052 0.073 175

6 9/12/1973 70095 192761 0.11 212.04 70095 192761 0.110 212

5 11/11/1972 91281 251023 0.10 251.02 91281 251023 0.100 251

4 14/10/1972 69448 190982 0.10 189.17 69448 190982 0.099 189

3 16/09/1972 80881 222423 0.03 75.70 80881 222423 0.034 76

2 19/08/1972 96335 264921 0.06 150.63 783 2153 0.21 4.52 95552 262768 0.056 146

1 22/07/1972 35415 97391 0.05 49.85 221 608 0.24 1.46 35194 96784 0.050 48

13 24/06/1972 192783 147394 405334 0.06 229.33 1855 5101 0.29 14.79 145539 400233 0.054 215

12 27/05/1972 117155 89572 246323 0.05 118.01 1857 5107 0.28 14.30 87715 241216 0.043 104

11 29/04/1972 115065 87974 241929 0.11 261.15 3015 8292 0.24 19.90 84959 233636 0.103 241

10 1/04/1972 94856 72523 199438 0.10 207.51 3228 8877 0.25 22.19 69295 190561 0.097 185

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9 4/03/1972 135136 103320 284129 0.11 318.51 2712 7458 0.19 14.17 100608 276671 0.110 304

8 5/02/1972 79033 60425 166170 0.14 233.61 4467 12285 0.13 15.97 55958 153885 0.141 218

7 8/01/1972 89227 68219 187603 0.14 271.39 5666 15582 0.18 28.05 62553 172021 0.141 243

6 11/12/1971 126624 96812 266232 0.12 327.64 4013 11036 0.19 20.97 92798 255196 0.120 307

5 13/11/1971 123927 94750 260561 0.13 329.38 6871 18896 0.19 35.90 87878 241666 0.121 293

4 16/10/1971 119206 91140 250635 0.13 314.30 7723 21238 0.23 48.85 83417 229397 0.116 265

3 18/09/1971 144265 110299 303323 0.13 406.80 4540 12485 0.23 28.72 105759 290838 0.130 378

2 21/08/1971 114906 87852 241594 0.12 293.34 890 2447 0.26 6.36 86963 239147 0.120 287

1 24/07/1971 127635 97585 268357 0.11 308.39 3428 9426 0.25 23.56 94157 258932 0.110 285

13 26/06/1971 106796 81652 224543 0.08 182.59 2265 6230 0.18 11.21 79387 218313 0.079 171

12 29/05/1971 132307 101157 278181 0.12 320.89 3415 9390 0.12 11.27 97742 268791 0.115 310

11 1/05/1971 91987 70330 193406 0.07 144.60 2937 8078 0.11 8.89 67392 185328 0.073 136

10 3/04/1971 103361 79026 217320 0.10 219.30 3261 8967 0.14 12.55 75765 208353 0.099 207

9 6/03/1971 82771 63283 174029 0.12 200.40 3365 9253 0.23 21.28 59919 164776 0.109 179

8 6/02/1971 81013 61939 170333 0.12 202.10 4012 11034 0.13 14.34 57927 159299 0.118 188

7 9/01/1971 78455 59984 164955 0.11 185.21 1629 4481 0.18 8.06 58354 160474 0.110 177

6 12/12/1970 103770 79338 218180 0.11 238.53 2301 6327 0.12 7.59 77038 211854 0.109 231

5 14/11/1970 113603 86856 238855 0.10 232.49 170 467 0.12 0.56 86687 238388 0.097 232

4 17/10/1970 126621 96809 266226 0.10 275.80 1397 3841 0.27 10.37 95412 262384 0.101 265

3 19/09/1970 100110 76540 210485 0.10 219.74 2150 5912 0.27 15.96 74390 204573 0.100 204

2 22/08/1970 105523 80679 221866 0.11 234.23 2278 6263 0.25 15.66 78401 215603 0.101 219

1 25/07/1970 94201 72022 198061 0.10 200.70 1736 4773 0.13 6.20 70287 193288 0.101 194

13 27/06/1970 33672 25744 70797 0.08 54.61 4729 13004 0.02 2.60 21015 57792 0.090 52

12 30/05/1970 49274 37673 103600 0.09 98.11 3326 9146 0.04 3.66 34347 94454 0.100 94

11 2/05/1970 45184 34546 95001 0.13 119.15 1758 4834 0.04 1.93 32788 90167 0.130 117

10 4/04/1970 16308 12468 34288 0.10 34.86 2077 5713 0.11 6.28 10391 28576 0.100 29

9 7/03/1970 16351 12501 34379 0.12 40.09 3350 9213 0.08 7.37 9151 25165 0.130 33

8 7/02/1970 12984 9927 27299 0.11 29.85 2561 7044 0.05 3.52 7366 20256 0.130 26

7 10/01/1970 12363 9452 25994 0.16 40.76 2148 5908 0.18 10.63 7304 20086 0.150 30

6 13/12/1969 25694 19645 54023 0.09 47.66 1482 4077 0.19 7.75 18162 49946 0.080 40

5 15/11/1969 17667 13507 37146 0.19 71.18 3142 8641 0.23 19.88 10365 28504 0.180 51

4 18/10/1969 16463 12587 34614 0.18 62.03 2315 6366 0.22 14.01 10272 28248 0.170 48

3 20/09/1969 17450 13342 36689 0.16 59.15 3862 10620 0.22 23.36 9480 26069 0.137 36

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2 23/08/1969 18552 14184 39006 0.15 57.74 5692 15653 0.16 25.05 8492 23353 0.140 33

1 26/07/1969 19223 14697 40417 0.12 48.93 3805 10464 0.21 21.98 10892 29953 0.090 27

1-13 30/6/68-28/6/69 211751 161896 445215 0.11 491 0 0 0.00 0.00 161896 445215 0.110 491

13 29/06/1968 5431 4152 11419 0.07 7.99 4152 11419 0.07 7.99

12 1/06/1968 8895 6801 18702 0.11 20.72 3368 9262 0.03 2.78 3433 9440 0.190 18

11 4/05/1968 9475 7244 19922 0.06 11.09 4973 13675 0.04 5.47 2272 6247 0.090 6

10 6/04/1968 6654 5087 13990 0.08 11.77 3361 9243 0.04 3.70 1726 4748 0.170 8

9 9/03/1968 8888 6795 18687 0.06 10.65 5513 15161 0.04 6.06 1282 3526 0.130 5

8 10/02/1968 7866 6014 16539 0.12 19.52 801 2203 0.04 0.88 5213 14335 0.130 19

7 13/01/1968 9924 7587 20865 0.10 19.98 3094 8508 0.07 5.53 4493 12357 0.117 14

6 16/12/1967 11981 9160 25191 0.07 18.52 5386 14812 0.09 13.33 3774 10378 0.050 5

5 18/11/1967 9900 7569 20815 0.14 29.00 7527 20699 0.14 28.98 42 116 0.017 0

4 21/10/1967 9449 7224 19867 0.11 21.27 5352 14718 0.12 17.66 1872 5149 0.070 4

3 23/09/1967 8732 6676 18359 0.09 17.41 3470 9543 0.09 8.59 3206 8816 0.100 9

2 26/08/1967 10913 8344 22945 0.03 6.88 0 0 0.00 0.00 8344 22945 0.030 7

1 29/07/1967 14210 10864 29877 0.08 22.69 5641 15513 0.10 15.51 5223 14365 0.050 7

13 1/07/1967 15440 11805 32463 0.15 48.69 11805 32463 0.15 48.69

12 20/05/1967 4364 3337 9175 0.10 9.41 2692 7403 0.11 8.14 645 1772 0.071 1

11 22/04/1967 6409 4900 13475 0.09 11.49 2838 7805 0.13 10.15 2062 5671 0.024 1

10 25/03/1967 10000 7646 21025 0.07 14.30 2422 6661 0.15 9.99 5223 14365 0.030 4

9 25/02/1967 8635 6602 18155 0.11 19.08 4420 12155 0.12 14.59 2182 6001 0.075 4

8 28/01/1967 4840 3700 10176 0.14 14.14 380 1045 0.13 1.36 3320 9131 0.140 13

7 31/12/1966 8514 6509 17901 0.09 15.84 3064 8427 0.08 6.74 3445 9474 0.096 9

6 3/12/1966 8970 6858 18860 0.11 19.82 4298 11820 0.12 14.18 2560 7039 0.080 6

5 5/11/1966 14048 10741 29536 0.13 38.66 3694 10159 0.14 13.72 7046 19377 0.129 25

4 8/10/1966 15551 11890 32697 0.10 33.67 9673 26601 0.09 22.88 2216 6095 0.177 11

3 10/09/1966 9057 6925 19043 0.14 26.05 5911 16255 0.15 24.38 1014 2788 0.060 2

2 13/08/1966 11279 8623 23715 0.11 26.17 8416 23143 0.11 26.15 208 572 0.004 0

1 16/07/1966 6286 4806 13217 0.11 14.59 2874 7903 0.12 9.71 1932 5313 0.092 5

12 4/06/1966 14880 11377 40920 0.04 18.23 14880 40920 0.04 18.23

11 7/05/1966 14840 11346 40810 0.11 44.89 14840 40810 0.11 44.89

10 9/04/1966 22165 16946 60954 0.11 67.05 22165 60954 0.11 67.05

9 12/03/1966 24908 19044 68498 0.11 75.35 24908 68498 0.11 75.35

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8 12/02/1966 4935 3773 13571 0.10 13.75 4935 13571 0.10 13.75

7 15/01/1966 8685 6640 23884 0.11 26.27 8685 23884 0.11 26.27

6 18/12/1965 8220 6285 22605 0.11 24.87 8220 22605 0.11 24.87

5 20/11/1965 14775 11296 40631 0.04 15.19 14775 40631 0.04 15.19

4 23/10/1965 14535 11113 39971 0.04 14.76 14535 39971 0.04 14.76

3 25/09/1965 19830 15161 54533 0.11 59.99 19830 54533 0.11 59.99

2 28/08/1965 21465 16411 59029 0.11 64.93 21465 59029 0.11 64.93

1 31/07/1965 10935 8360 30071 0.05 14.85 10935 30071 0.05 14.85

13 5/06/1965 1950 1491 5363 0.04 2.19 1950 5363 0.04 2.19

12 8/05/1965 1875 1434 5156 0.17 8.67 1875 5156 0.17 8.67

11 10/04/1965 4545 3475 12499 0.10 12.50 4545 12499 0.10 12.50

10 13/03/1965 3615 2764 9941 0.10 9.94 3615 9941 0.10 9.94

9 13/02/1965 5250 4014 14438 0.10 14.44 5250 14438 0.10 14.44

8 16/01/1965 4545 3475 12499 0.10 12.50 4545 12499 0.10 12.50

7 19/12/1964 6525 4989 17944 0.10 17.94 6525 17944 0.10 17.94

6 21/11/1964 8055 6159 22151 0.10 22.15 8055 22151 0.10 22.15

5 24/10/1964 5805 4438 15964 0.10 15.96 5805 15964 0.10 15.96

4 26/09/1964 8415 6434 23141 0.10 23.14 8415 23141 0.10 23.14

3 29/08/1964 5850 4473 16088 0.10 16.09 5850 16088 0.10 16.09

2 1/08/1964 2550 1950 7013 0.10 7.01 2550 7013 0.10 7.01

1 18/07/1964 2550 1950 7013 0.10 7.01 2550 7013 0.10 7.01

Pre 06/1964 estimate 121676 334610 0.10 334.61 ? ? ? ? 121676 334610 0.100 335

TOTALS 7,691,159 21,307,182 0.093 19,885 817,943 2,249,343 0.109 2,451 6,930,123 19,057,838 0.091 17,433

Note: All numbers in italics are estimated from adjacent data.

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APPENDIX 6

Check List of Assessment and Reporting Criteria

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JORC Code 2004 Check List of Assessment and Reporting Criteria

Criteria Explanation Section of the Report Describing

Sampling techniques and data

(criteria in this group apply to all succeeding

groups)

Sampling

techniques.

* Nature and quality of sampling (e.g. cut

channels, random chips etc.) and measures taken to ensure sample

representivity.

Section 5

Drilling

techniques.

* Drill type (e.g. core, reverse circulation,

open-hole hammer, rotary air blast, auger,

Bangka etc.) and details (e.g. core diameter,

triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether

core is oriented and if so, by what method,

etc.).

* Section 5

Drill sample

recovery.

* Whether core and chip sample recoveries

have been properly recorded and results

assessed.

* Measures taken to maximise sample recovery and ensure representative nature of the

samples.

* Whether a relationship exists between sample

recovery and grade and whether sample bias may have occurred due to preferential

loss/gain of fine/coarse material.

* Section 5

Logging. * Whether core and chip samples have been

logged to a level of detail to support

appropriate Mineral Resource estimation,

mining studies and metallurgical studies. * Whether logging is qualitative or quantitative

in nature. Core (or costean, channel etc.)

photography.

* Section 5

Sub-sampling

techniques

and sample

preparation.

* If core, whether cut or sawn and whether

quarter, half or all core taken.

* If non-core, whether riffled, tube sampled,

rotary split etc. and whether sampled wet or dry.

* For all sample types, the nature, quality and

appropriateness of the sample preparation

technique. * Quality control procedures adopted for all

sub-sampling stages to maximise

representivity of samples.

* Measures taken to ensure that the sampling is representative of the in situ material collected.

* Whether sample sizes are appropriate to the

grainsize of the material being sampled.

* Section 5

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Criteria Explanation Section of the Report Describing

Quality of

assay data

and

laboratory tests.

* The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

* Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

* Section 5.1, Section 8

Verification of

sampling and assaying.

* The verification of significant intersections by either independent or alternative company personnel.

* The use of twinned holes.

* Sections 5.1 and 5.2, Section 8

Location of data points.

* Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

* Quality and adequacy of topographic control.

* Sections 5.1 and 5.2, Section 8

Data spacing

and

distribution.

* Data spacing for reporting of Exploration Results.

* Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

* Whether sample compositing has been applied.

* Sections 5.1 and 5.2, Section 8

Orientation of

data in relation to

geological

structure.

* Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

* If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

* Sections 5.1 and 5.2, Section 8

Audits or

reviews.

* The results of any audits or reviews of sampling techniques and data.

* Sections 5.1 and 5.2, Section 8

Estimation and reporting of Mineral

Resources

(criteria listed in the first group, and where

relevant in the second group, apply also to this

group)

Database

integrity.

§ Measures taken to ensure that data has not

been corrupted by, for example, transcription

or keying errors, between its initial collection

and its use for Mineral Resource estimation purposes.

§ Data validation procedures used.

§ Sections 7 and 8

Geological interpretation.

§ Confidence in (or conversely, the uncertainty of) the geological interpretation of the mineral

deposit.

§ Nature of the data used and of any

assumptions made. § The effect, if any, of alternative

interpretations on Mineral Resource

estimation.

§ The use of geology in guiding and controlling Mineral Resource estimation.

§ The factors affecting continuity both of grade

and geology.

§ Sections 7, 8 and 9

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Criteria Explanation Section of the Report Describing

Dimensions.

§ The extent and variability of the Mineral

Resource expressed as length (along strike or

otherwise), plan width, and depth below

surface to the upper and lower limits of the Mineral Resource.

§ Sections 5, 7 and 8

Estimation

and modeling techniques.

§ The nature and appropriateness of the

estimation technique(s) applied and key assumptions, including treatment of extreme

grade values, domaining, interpolation

parameters, maximum distance of

extrapolation from data points. § The availability of check estimates, previous

estimates and/or mine production records

and whether the Mineral Resource estimate

takes appropriate account of such data. § The assumptions made regarding recovery of

by-products.

§ Estimation of deleterious elements or other

non-grade variables of economic significance (e.g. sulphur for acid mine drainage

characterisation).

§ In the case of block model interpolation, the

block size in relation to the average sample spacing and the search employed.

§ Any assumptions behind modeling of

selective mining units.

§ Any assumptions about correlation between variables.

§ The process of validation, the checking

process used, the comparison of model data

to drill hole data, and use of reconciliation data if available.

§ Sections 5, 7 and 8

Moisture. § Whether the tonnages are estimated on a dry

basis or with natural moisture, and the method of determination of the moisture

content.

§ Tables 11 and 12

Cut-off parameters.

§ The basis of the adopted cut-off grade(s) or quality parameters applied.

§ No cut off applied

Mining

factors or assumptions.

§ Assumptions made regarding possible

mining methods, minimum mining dimensions and internal (or, if applicable, external)

mining dilution. It may not always be possible

to make assumptions regarding mining

methods and parameters when estimating Mineral Resources. Where no assumptions

have been made, this should be reported.

§ No assumptions made

Metallurgical factors or

assumptions.

§ The basis for assumptions or predictions regarding metallurgical amenability. It may

not always be possible to make assumptions

regarding metallurgical treatment processes

and parameters when reporting Mineral Resources. Where no assumptions have been

made, this should be reported.

§ Section 6

Bulk density. § Whether assumed or determined. If assumed, the basis for the assumptions. If determined,

the method used, whether wet or dry, the

frequency of the measurements, the nature, size and representativeness of the samples.

§ Section 6

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Criteria Explanation Section of the Report Describing

Classification. § The basis for the classification of the

Mineral Resources into varying confidence

categories.

§ Whether appropriate account has been taken of all relevant factors. i.e. relative confidence

in tonnage/grade computations, confidence in

continuity of geology and metal values,

quality, quantity and distribution of the data. § Whether the result appropriately reflects the

Competent Person(s)’ view of the deposit.

§ Sections 7, 8 and 9

Audits or reviews.

§ The results of any audits or reviews of Mineral Resource estimates.

§ No audits

Discussion of

relative

accuracy/

confidence.

§ Where appropriate a statement of the

relative accuracy and/or confidence in the Mineral Resource estimate using an

approach or procedure deemed appropriate

by the Competent Person. For example, the

application of statistical or geostatistical procedures to quantify the relative accuracy

of the resource within stated confidence

limits, or, if such an approach is not deemed

appropriate, a qualitative discussion of the factors which could affect the relative

accuracy and confidence of the estimate.

§ The statement should specify whether it

relates to global or local estimates, and, if local, state the relevant tonnages or volumes,

which should be relevant to technical and

economic evaluation. Documentation should

include assumptions made and the procedures used.

§ These statements of relative accuracy and

confidence of the estimate should be

compared with production data, where available.

§ Sections 5 to 8. Accuracy based on

production data and drilling data