abn hawthorn resources limited for personal use only · 10/29/2010 · hawthorn resources limited...

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Hawthorn Resources Limited September 2010 Quarterly Report

Deep South Project, Gold - Western Australia – Further Gold drill intercepts intersected along strike of Deep South Gold Mine, including

9 metres @ 2.77 g/t Au (incl. 3 metres @ 5.95 g/t Au) 10 metres @ 2.15 g/t Au (incl. 4 metres @ 4.29 g/t Au) in addition to previously announced intercepts of 9 metres @ 3.15 g/t Au (incl. 2 metres @ 8.65 g/t Au) and 9 metres @ 2.08 g/t Au (incl. 3 metres @ 5.43 g/t Au)

Drilling to resume November 2010 Yundamindera Project, Gold – Western Australia – gold mineralised

syenite porphyry confirmed in existing RAB drilling – RC drilling during November 2010. Mt Bevan Project, Iron Ore - Western Australia – Farm-in and Joint Venture agreement completed with Legacy Iron Ore Limited to hasten development of iron ore asset - drilling to commence shortly.

INTRODUCTION

Hawthorn Resources Limited’s (“Hawthorn”) aggressive gold drilling programs fo-cused in the South Laverton Gold Zone of Western Australia, have continued dur-ing the quarter. Encouraging gold intercepts have been reported from drilling in the Deep South Project area, while a thick, strike extensive gold mineralised syenite porphyry was confirmed in the Yundamindera Project area. Follow-up drilling is to occur on both projects during November 2010

ASX Release 29 October 2010 ABN 44 009 157 439 Hawthorn Resources Limited Level 2, 90 William St Melbourne VIC 3000 Australia Tel: +61 3 9605 5950 Fax: +61 3 9605 5999 Email: [email protected] www.hawthornresources.com Directors Mr Mark Gregory Kerr (Chairman) Mr Mark Edward Elliott (Managing Director) Dr David Tyrwhitt (Non Exec. Director) Senior Management Mr Ian Moody (Exploration Manager) Mr Mourice Garbutt (Company Secretary) ASX Symbol: HAW


Exploration Highlights for the September 2010 Quarter:

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South Laverton Gold Exploration – Western Australia incorporating Deep South, Yundamindera, Triumph-Savannah, Pinjin, Melita, and Trouser Legs

Projects - (Hawthorn Resources 100%),(Hawthorn Resources 80%, Avoca Resources 20%),(Hawthorn Resources 70%, Gel Resources 30%) . Figure 1 & 2.

Figure 1. Eastern Goldfields, Western Australia – Project Locations

Hawthorn Resources’ South Laverton Gold Exploration Zone incorporates six project areas where Hawthorn Resources holds, solely or in joint venture, title to over 100 exploration, mining, and prospecting licences. The tenement package is surrounded by major gold mines, deposits and advanced resources including the Sunrise Dam, Wallaby, Red October, Carosue Dam, Safari Bore, Deep South, Porphyry and Butchers Well Mines. The gold endowment of the South Laverton Zone is substantial, with over 20 Million ounces of gold resources identified to date.

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Each of Hawthorns project areas host gold prospects with near term potential for development, with further drilling focused exploration to be carried out during the remainder of 2010 and 2011.

Figure 2.South Laverton Zone Projects – Location

Deep South Project (Hawthorn Resources 80%, Avoca Resources 20%).

The project area lies directly along strike to the south of Deep South Mine approximately 170 km to the north east of Kalgoorlie in Western Australia. Hawthorn holds tenements in this project area in Joint Venture with ASX 200 listed gold producer, Avoca Resources Limited. During the quarter Hawthorn completed a further 23 RC drillholes designed to infill and extend gold mineralisation initially reported during the June 2010 quarter.

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During this follow-up program gold mineralisation was intersected in the distinctive target horizon in 19 of the 23 completed holes.

Figure 3.Deep South 2010 RC Drilling

This target mineralised zone, consisting of strike parallel quartz-chert-sulphide and quartz-carbonate-sulphide vein horizons, is considered analogous to economic mineralisation in the Deep South-Mexico gold orebodies owned by Saracen Mineral Holdings Limited, situated immediately along strike of the Hawthorn Resources tenements.

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Saracen Mineral Holdings have announced that mining will recommence in the Safari Bore – Deep South area late in 2012, with production to increase to 70,000 ounces of gold per annum by late 2014. The primary gold bearing target horizons have now been intersected over 500 metres of strike with downhole widths of 5-21 metres recorded. Hawthorn is particularly encouraged by the broad shoot of quartz-carbonate-sulphides intercepted in the vicinity of sections 6729150 N and 6729190 N, where a high gold grade core is surrounded by 10-15 metres of lower gold grade material (0.20 - 0.50 g/t Au) associated with a broad, altered sulphide quartz vein system. Gold mineralisation at the Deep South Mine is similarly hosted by such high gold grade shoots (with results to 12 metres @ 10.6 g/t Au), with broad low grade altered haloes, with mineralisation extending to depths of over 350 metres from surface.

Figure 4. Deep South - 6729190 N Section F

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Figure 5. Deep South - 6729150 N Section Hawthorn is extremely encouraged by the gold intercepts to date, particularly as mineralisation remains open at depth and along strike to the south.

Hole No. East North Azim Dip From (m)

To (m)

Width (m)

Au (g/t)

DSC018* 456720 6729193 090 -58 6 15 9 2.03 incl 6 9 3 5.43

DSC019* 456658 6729183 089 -50 79 88 9 3.15 incl 85 87 2 8.65

DSC025 456710 6729229 090 -55 18 20 2 1.89 DSC026 456681 6729230 090 -55 60 63 3 2.57 DSC027 456636 6729228 090 -60 124 125 1 3.37 DSC028 456697 6729192 092 -60 38 47 9 2.77

incl 43 46 3 5.95 DSC029 456710 6729154 092 -60 18 20 2 5.87 DSC030 456681 6729154 091 -60 67 77 10 2.15

incl 69 73 4 4.29 DSC031 456650 6729148 086 -60 112 115 3 4.06 DSC032 456708 6729111 091 -60 21 25 4 3.18

incl 22 24 2 5.57

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DSC033 456684 6729109 090 -60 74 76 2 0.97 DSC034 456713 6729036 090 -60 NSA DSC035 456681 6729030 090 -60 48 50 2 1.25 DSC036 456707 6729277 088 -60 30 32 2 2.36 DSC037 456680 6729276 088 -60 77 82 5 0.91 DSC038 456704 6729353 086 -60 NSA DSC039 456668 6729353 089 -60 77 80 3 1.32 DSC040 456697 6729437 092 -60 34 35 1 1.49 DSC041 456667 6729434 088 -60 88 89 2 2.00 DSC042 456682 6729511 089 -60 44 46 2 1.08 DSC043 456652 6729505 088 -60 95 98 3 1.37 DSC044 456650 6729347 088 -60 118 120 2 3.19 DSC045 456650 6729182 089 -60 112 119 7 1.64

incl 113 114 1 4.94 * Previously announced All holes 1 metre split samples. Interval 0.50 g/t cutoff, ≤ 2.0 metres internal waste. Assays Amdel Laboratories, Kalgoorlie – Fire Assay 0.01 ppm DL

A further program of drilling is planned for November 2010 testing both the depth and strike potential of this highly prospective zone.

Figure 6 – Deep South Longitudinal Section

Yundamindera Project (Hawthorn 100% and Hawthorn Resources 80%, Avoca Resources 20%). In the Yundamindera Project area, located approximately 175 kilometres to the north east of Kalgoorlie, Western Australia exploration has focused on the discovery of gold associated with mineralised syenitic porphyry dykes, BIF’s and shears. Within the South Laverton Zone syenite porphyries host or are associated with significant gold mineralised bodies including Wallaby (+7.1 Million ounces), Butcher Well (0.3 Million ounces) and Jupiter (0.1 Million ounces).

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A 3214 metre RAB drilling program on structural and geochemical targets was completed during the quarter. A number of anomalous intercepts were obtained from this program with assessment underway, however the immediate focus of upcoming exploration will be in the Coffey Bore region in the south east of the project area.

Figure 7 – Yundamindera Project Area – Coffey Bore Prospect

At the Coffey Bore prospect a shallow dipping, gold mineralised, syenite porphyry has been intersected and re-confirmed over 400 metres of strike by initial RAB and RC

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drilling. The porphyry remains open along strike to the north and appears structurally offset to the south.

Figure 8 – Coffey Bore Prospect, Section 6746475 N Substantial widths of mineralisation have been intersected along strike at Coffey Bore – the mineralised porphyry remains open along strike to the north and may be structurally offset to the south.

Hole No. East North Azim Dip From (m)

To (m)

Width (m)

Au (g/t)

YUNB315 432618 6746637 000 -90 7 23* 16 1.97 YUNB319 432658 6746637 270 -60 29 55 26 0.83 YUNB324 432658 6746557 270 -60 23 47 24 0.81 YUNB327 432618 6746557 270 -60 5 7 2 1.03 YUNB328 432658 6746477 270 -60 9 26 17 2.30 YUNB329 432698 6746477 270 -60 40 60 20 0.81 YUNB332 432698 6746397 270 -60 17 36 19 2.75 YUNB333 432738 6746397 270 -60 32 53* 21 0.40 YUNB353 432578 6746717 270 -60 4 24 20 0.50 YUNB354 432618 6746717 270 -60 8 48 40 0.74 YUNB355 432658 6746717 270 -60 32 52* 20 0.30 YUNC004 432638 6746637 270 -60 9 45 36 0.50 YUNC005 432698 6746637 270 -60 54 88 34 0.37 YUNC007 432778 6746477 270 -60 95 129 34 0.62 YUNC009 432678 6746477 270 -60 20 43 23 1.32

Interval 0.30 g/t cutoff, ≤ 2.0 metres internal waste * = EOH.

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With significant gold mineralisation identified to date, systematic follow-up is required at Coffey Bore during November 2010 as a shallow near surface gold resource may be identified. The source of the gold mineralised syenite dyke (interpreted to lie under alluvial cover to the north of the drilled area), however remains the primary target at this prospect, and is a priority target for drilling in November 2010.

Triumph Project – Edjudina Mine Prospect (Hawthorn 100% and Hawthorn Resources 80%, Avoca Resources 20%). This project area lies approximately 140 km to the north east of Kalgoorlie in Western Australia and 20 kilometres to the east of the operating Porphyry Gold Mine (Saracen Mineral Holdings Limited) and consists of 32 tenements. The tenements within the project area are either held by Hawthorn solely or in Joint Venture with Avoca Resources Limited. Historic gold production of 33,215 oz @ 46.9 g/t of gold from this prospect was sourced from contiguous underground mines developed on series of sub-parallel quartz lodes over a strike length of 1.4 kilometres between 1898 and 1939. Between 1979-1983 the Paget Gold Mining Company Limited (“Paget”) dewatered and re-timbered the major Neta, Senate and Gawler Shafts within the prospect area. During 1983 Paget issued a Prospectus that reported estimated remnant underground Proven and Probable Reserves in the Edjudina Mine area of 195,500 tonnes @ 12.4 g/t Au. This estimate was made prior to the establishment of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and is clearly non-compliant with the Code. Following an initial drill program RC drilling program during the previous quarter which intersected several stopes in the interpreted lode position, historic level plans of underground workings are being compiled to assist assessment of the potential remnant resource and targeted deep drilling planned for 2011. Trouser Legs Project (Hawthorn Resources 70%, Gel Resources 30%) incorporating the Anglo Saxon gold project. The project area is situated approximately 140 kilometres east of Kalgoorlie, and 35 kilometres to the east of the Carosue Dam Operation of Saracen Mineral Holdings Limited. The project area hosts the Anglo-Saxon Mining Area

Following encouraging drilling results announced in the previous quarter at

Exile Prospect o 4 metres @ 11.2 g/t Au from 52 m depth in PINC205 (Main Vein), o 4 metres @ 1.05 g/t Au from 24 m depth in PINC205 (H/Wall Vein), o 4 metres @ 1.00 g/t Au from 12 m depth in PINC204 (H/Wall Vein)

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Wessex Prospect o 4 metres @ 0.81 g/t Au from 48 metres depth in PINC201 o 8 metres @ 0.83 g/t Au from 44 metres depth in PINC202

A re-assessment of existing geophysical and geochemical data has been undertaken with follow up drilling planned for early in 2011. Melita Project (Hawthorn Resources 100%) The Melita Project area is centred to the west of the historic Kookynie – Orient Well Mining centre, approximately 50 kilometres to the south east of Leonora in the Eastern Goldfields of Western Australia. The mining centre has produced an estimated historic production of 0.6 Million ounces gold whilst remnant resources in the district are reported to be in excess of 0.4 Million ounces gold. Hawthorn Resources holds 42 granted Exploration and Prospecting Licences throughout this district covering over 150 km² of ground prospective for both gold and potential base metal mineralisation. A 3521 metre RAB drilling program was completed during the quarter in the Dingo Ridge and McCarthy Well area of the project area, primarily to obtain deep geochemical samples in this project area. Drilling was broad spaced on a nominal 300 x 50 metre grid pattern. Results to date have indicated a large number of anomalous results in the 50 -400 ppb Au range at the saprolite / saprock boundary. Further assessment of these results is required prior to future drilling campaigns. Mount Bevan Project – Western Australia (Hawthorn Resources 100%)

The Mount Bevan Project on Exploration Licence 29/510 is located approximately 100 km west of Leonora in the central Yilgarn region of Western Australia. The tenement covers a sequence of Banded Iron Formation (BIF) units, sediments and lavas that dip at 20 – 50% towards the north east. Three substantial BIF horizons have been identified within the tenement to date that extend in a north-northwest orientation throughout the entire length of the tenement; a strike distance of more than 25 kilometres. Exploration to date has confirmed

that Mt Mason DSO iron ore resource of neighbouring ASX-listed Company Jupiter Mines Limited (“Jupiter”), of 5.75 Mt @ 59.9% Fe extends into the southern margin of the project area.

a magnetite iron formation units intersected in the hangingwall of the primary

outcropping Mt Bevan BIF is both strike extensive (over 5.0 kilometres of strike drilled to date) and thick (> 130 metres – open at depth).

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Davis Tube Reduction testwork of the Mt Bevan magnetite iron formation has returned a product with over 69% Fe and low deleterious impurities of Si, Al and P.

During the previous quarter results from RC drilling designed to further delineate the Mt Bevan magnetite iron formation horizon were announced. As reported drillholes MBC008, 009 and 018 returned results of

62 metres @ 38.7% Fe from 28 metres to EOH in MBC008 26 metres @ 39.4% Fe from 40 metres to EOH in MBC009 70 metres @ 35.9% Fe from 36 metres to EOH in MBC018

These strong intercepts, and the broad magnetite intercepts previously announced on sections 100, 200, and 400 metres north of the southern boundary of the project area (i.e. 6.0 kilometres south of drillhole MBC018) are considered particularly encouraging. The grade and widths of the magnetite horizon drilled to date are consistent with, and believed analogous to, the “Mt Ida Magnetite Zone” of Jupiter Mines Limited located approximately 7.0 kilometres south of the Project area. Jupiter has announced that a conceptual target of 1.0 -1.3 Billion tonnes of magnetite ore is hosted within the Mt Ida area, with an extensive drill program to be completed in December 2010 designed to provide a JORC compliant resource. Subsequent to the year end Hawthorn and Legacy Iron Ore (“Legacy”) have announced the formation of a Joint Venture designed to hasten the development of the Mt Bevan Iron Ore Project. The terms of the agreement provide that :

Legacy spend $3.5m to develop the Mt Bevan Iron Ore assets to pre-feasibility status

Legacy complete works prior to 31 December 2012.

Legacy will, upon completion, own 60% of the joint venture operation,

Hawthorn retaining the remaining 40%. Ongoing exploration works would be funded pro rata beyond completion.

Legacy have announced that drilling of existing targets in the Mt Bevan Project is scheduled to commence in late 2010. Clarke River Uranium Exploration – Queensland (Northern Resources Australia - 100% owned subsidiary of Hawthorn Resources)

No exploration was carried out in this area 150 kilometres west of Townsville, Queensland during the quarter.

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Joint Ventures Lake Rebecca Joint Venture – Western Australia (Renaissance Minerals Limited 90%, Hawthorn Resources 10%). This joint venture coves tenements on the southern margin and within Lake Rebecca, Western Australia, approximately 20 kilometres south of Hawthorns Anglo Saxon Mining Area. The nature of the joint venture changed during the quarter with the former majority holder Newmont Australia Limited, agreeing to sell it’s holding in the joint venture area to Renaissance Mineral Limited. Hawthorn retain a 10% Free carry in the joint venture area until Decision to Mine declaration. Erayinia Joint Venture – Western Australia (ABM Resources 70%, Hawthorn Resources 30%). The Erayinia Joint Venture is centred approximately 130 kilometres south east of Kalgoorlie, Western Australia. The joint venture is managed by ABM Resources NL (“ABM”). ABM report that the project is currently on care and maintenance and that the company is assessing options for further exploration targeting or divestment of this project. Whiteheads Joint Venture – Western Australia (Quantum Resources 80%, Hawthorn Resources 20%). Quantum Resources have reported that no work was undertaken on the Whiteheads JV tenements during the quarter. East Kimberley Joint Venture – Western Australia (Thundelarra 80%, Pindan – Panoramic Resources earning to 48.8% of Thundelarra interest, Hawthorn Resources 20%) Panoramic Resources have reported that no new exploration was undertaken on the East Kimberley Joint Venture during the quarter. Mourice R Garbutt Company Secretary The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Ian Moody, who is a member of the Australasian Institute of Mining and Metallurgy and a full time consultant geologist with First Principle Mineral Exploration Company Pty Ltd. Mr Moody has sufficient experience as a geologist which is relevant to the style of mineralization and the

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type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Moody consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. Attached is a copy of the Company’s Mining Exploration Entity Quarterly Report in accordance with Listing Rule 5.3

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Appendix 5B Mining exploration entity quarterly report

+ See chapter 19 for defined terms. 30/9/2001 Appendix 5B Page 1

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

HAWTHORN RESOURCES LIMITED

ABN Quarter ended (“current quarter”)

44 009 157 439 30 September 2010

Consolidated statement of cash flows Cash flows related to operating activities

Current quarter

$A’000

Year to date (3 months)

$A’000 1.1 Receipts from product sales and related debtors

- -

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

(966)

- -

(230)

(966)

- -

(230)1.3 Dividends received - -1.4 Interest and other items of a similar nature

received 39 39

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

- GST (Refundable)

124

124

Net Operating Cash Flows

(1,033)

(1,033)

Cash flows related to investing activities

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

- - -

- - -

1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets

- - -

- - -

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

-

-

Net investing cash flows

-

-

1.13 Total operating and investing cash flows (carried forward)

(1,033) (1,033)

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+ See chapter 19 for defined terms. Appendix 5B Page 2 30/9/2001

1.13 Total operating and investing cash flows

(brought forward) (1,033) (1,033)

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc. - -1.15 Proceeds from sale of forfeited shares - -1.16 Proceeds from borrowings - -1.17 Repayment of borrowings - -1.18 Dividends paid - -1.19 Other (provide details if material) - - Net financing cash flows

- -

Net increase (decrease) in cash held

(1,033)

(1,033)

1.20 Cash at beginning of quarter/year to date 2,841 2,8411.21 Exchange rate adjustments to item 1.20 - -

1.22 Cash at end of quarter 1,808 1,808

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

Current quarter $A'000

1.23

Aggregate amount of payments to the parties included in item 1.2

143

1.24

Aggregate amount of loans to the parties included in item 1.10

-

1.25

Explanation necessary for an understanding of the transactions

Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated

assets and liabilities but did not involve cash flows

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

reporting entity has an interest

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

Amount available $A’000

Amount used $A’000

3.1 Loan facilities

3.2 Credit standby arrangements

Estimated cash outflows for next quarter

$A’000 4.1 Exploration and evaluation

425

4.2 Development

-

4.3 Production

-

4.4 Administration

375

Total

800

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

Current quarter $A’000

Previous quarter $A’000

5.1 Cash on hand and at bank 198 831

5.2 Deposits at call

1,610

2,010

5.3 Bank overdraft

-

-

5.4 Other (provide details)

-

-

Total: cash at end of quarter (item 1.22)

1,808

2,841

Changes in interests in mining tenements Tenement

reference Nature of interest (note (2))

Interest at beginning of quarter

Interest at end of quarter

6.1 Interests in mining tenements relinquished, reduced or lapsed

See Attached

6.2 Interests in mining tenements acquired or increased

See Attached

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Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates. Total number Number quoted Issue price per

security (see note 3) (cents)

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

7.1 Preference +securities (description)

-

-

-

-

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

- -

- -

- -

- -

7.3 +Ordinary securities

1,525,595,897

1,525,595,897

-

-

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

-

-

-

-

-

-

- -

7.5 +Convertible debt securities (description)

-

-

-

-

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

- -

- -

- -

- -

7.7 Options (description and conversion factor)

10,000,000 2,500,000

13,569,422 165,084,231

- -

13,569,422 165,084,231

Exercise price $0.10 $0.10 $0.20 $0.10

Expiry date 25 January, 2018

30 June, 2018 30 April, 2012

28 February, 2013 7.8 Issued during

quarter - - - -

7.9 Exercised during quarter

- - - -

7.10 Expired during quarter

13,716,713

13,716,713

$1.25

22 September, 2010

7.11 Debentures (totals only)

-

-

7.12 Unsecured notes (totals only)

-

-

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

accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

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

:..................................................... Date: 29/10/2010 (Company Secretary) MOURICE GARBUTT Notes 1 The quarterly report provides a basis for informing the market how the entity’s

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

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

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

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

items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive

Industries and AASB 1026: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International

Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

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HAWTHORN RESOURCES LIMITED

ACN 009 157 439

CHANGES IN INTERESTS IN MINING TENEMENTS 6.1 Interests in Mining Tenements relinquished, reduced or lapsed

Tenement Reference

Nature of Interest [note (4)]


Interest at end of

quarter

E27/352 Surrendered 100% 0% E31/643 Expired 100% 0% E31/693 Surrendered 100% 0% E36/473 Surrendered 100% 0% E39/895 Expired 100% 0% P27/1807 Surrendered 100% 0% P27/1940 Surrendered 100% 0% P31/1575 Expired 80% 0% P37/5775 Surrendered 100% 0% P37/5776 Surrendered 100% 0% P40/1068 Expired 100% 0% P40/1069 Expired 100% 0% P40/1070 Expired 100% 0%

6.2 Interests in Mining Tenements acquired Or increased

Tenement Reference

Nature of Interest [note (4)]


Interest at end of

quarter

P31/1985 Granted 0% 100%

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