for personal use only · sub-project was the main focus of this campaign, with intersections of...

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www.bwdcorp.com.au Blackwood Corporation Ltd | ABN 31 103 651 538 | September 2013 !

Overview Blackwood Corporation Limited (“Blackwood” or “the company”) is pleased to announce a

maiden 2012 JORC compliant Inferred Resource of 322 million tonnes for the “Lauderdale” sub-

project of the South Pentland Project, and a maiden 2012 JORC compliant Inferred Resource of

51.8 million tonnes for the “Broadmere” sub-project of the Taroom Project.

CEO Commentary Chief Executive Officer of Blackwood, Todd Harrington, said the JORC compliant Inferred

Resource evaluation at two key projects was a critical step in Blackwood’s development.

“The results of our recent drilling campaign confirm the presence of a significant resource at our

flagship South Pentland Project, with prospects of further definition and increases. Further to this,

we have also been able to establish a resource at Taroom,” he said.

“The coal quality results at South Pentland have proven that the potential product at the Project

is on par with other Galilee Basin, and indeed Surat Basin proponents,” he said. “Combined with

the potential solutions from existing infrastructure, South Pentland continues to present an exciting

and unique business opportunity.

“We will continue the exploration program at South Pentland with a view to upgrading the

resource as quickly as possible, whilst improving our data set for use in a pre-feasibility study at the

project,” Mr Harrington said. “This announcement also gives us the ability to advance formal

discussions with rail and port providers in line with our previously announced MOU’s in these

areas,” he said.

Mr Harrington mentioned that exploration costs were a particular focus of Blackwood moving

forward. “We were able to complete the initial South Pentland program at a significant saving to

2012 exploration costs. Blackwood is intent on capitalising on the current economic conditions in

the coal sector by pursuing a smaller tonnage, lower capex project aimed at attracting strategic

funding partners to unlock value for Blackwood shareholders,” he said.

Regarding Taroom, Mr Harrington said “In light of the current Surat Basin Rail delays at present we

will continue to assess our exploration options to optimise programs and deploy capital as

astutely as possible to deliver shareholder value. The Surat Basin provides great pipeline

opportunities for Blackwood to tap into in future.”

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South Pentland

Project Overview Blackwood has completed a five hole drilling program in the north-western area (“Lauderdale”

sub-project) of the South Pentland Project resulting in a maiden JORC (2012) compliant Inferred

Resource for the project of 322 million tonnes (Table 1). The Inferred Resource footprint represents

only 6% of the total South Pentland Project Exploration Target area.

The South Pentland Project is strategically located in the north-east Galilee Basin (Figure 1),

making it one of the closest Galilee projects to the coast (<250km). In addition, major roads

(Flinders Highway) and railway (Mt Isa to Townsville Rail System) are already established, traversing

the northern edge of the tenure. These networks link the project to the Port of Townsville, as well as

Abbot Point (via the North Coast Line). Blackwood owns 100% of the South Pentland project.

Drilling returned encouraging coal intersections across a range of seams, with modelled depth of

cover to the A seam from approximately 190m as shown in Appendix 1.

Figure 1 – South Pentland Project Location F

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Maiden JORC Compliant Resources Statement

Following the completion of the first phase of the recent drilling program, a maiden JORC

compliant Inferred Resource was estimated for the Lauderdale project, covering a targeted

footprint in the north-west of EPC 1486 part of the larger South Pentland Project. A total Inferred

Resource of 322 million tonnes has been defined, from three potential mining horizons, as shown in

Figure 3 and Appendix 1.

Working Section

Resource Category

Tonnes Volume Area Av Thickness

(m)

Insitu Density (t/m

3) (Mt) (1,000 m3) (Km2)

AW Inferred 107 70,800 31,000 2.28 1.52

BW Inferred 102 68,246 26,000 2.66 1.50

CW Inferred 113 76,695 30,000 2.55 1.48

Total Inferred 322 !!

Table 1: Resource Classification in Accordance with JORC Code (2012) Guidelines

South Pentland (“Lauderdale”) Drilling Program Drilling re-commenced at the South Pentland Project in August 2013 at EPC1486. Encouragingly,

all holes have demonstrated continuity of coal seams, depths and thicknesses, proving to be

relatively congruent with the existing geological model. Results show seams in general thin to the

south-east while thicken and improve in quality to the north-west. Additional drilling (Figure 2 -

Drill Hole Location Plan) within the “Lauderdale” Project and the defined resource area is

ongoing, with the intention of upgrading the resource.

Three potential working sections with good mining potential have been included in the estimate.

Working sections for the A, B and C seams (Figure 4 - Typical Stratigraphy) are included; the D

seam was not included in the current resource estimate. Where the D seam was intersected, it

was found to have split to thin, non-mineable thicknesses. From historic and 2011 drilling, the D

seam appears better developed in the “Longton” area to the south-east of the project. The

2012/2013 drilling has increased the confidence in the greater Exploration Target of the South

Pentland Project, which remains at 3.6 to 5.0 billion tonnesA, inclusive of the new JORC compliant

Inferred tonnage.

Note: All references to Exploration Targets in this document are in accordance with the guidelines of the JORC Code (2012). As such,

the potential quantity and grade is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource

on the tenement, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

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Figure 2 – Drill Hole Locations

Figure 3 – C Seam Working Section Inferred Resource For

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Figure 4 - Typical Stratigraphy

Coal Quality The coal quality results received display parameters that are consistent with an export quality

thermal coal product. Encouragingly, the C seam result of 6,072 kcal (air dried) and 11.3% ash (air

dried) at a 1.55 float display yield characteristics greater than 70%. Table 2 presents the float/sink

analysis across a range of relative density fractions; this gives the project optionality regarding

beneficiation opportunities (that is, more or less beneficiation to achieve greater yields or better

quality).

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Table 2 – Average product coal quality at three relative density fractions

Forward Plans Exploration is continuing at South Pentland, completing the drilling and coal quality analysis on

the six hole program, with the aim of converting part of the deposit to JORC compliant Indicated

Resource status. Blackwood is also completing a concept study at the South Pentland Project,

looking at alternative mining methods and tonnage options to optimise the possible mining

parameters Blackwood expects this concept study will transition into a Feasibility Study, pending

positive outcomes. Future drilling will focus on the north-west areas as these appear to have

optimal thickness and improving coal quality whilst being closer to existing rail infrastructure.

Seam JORC

Compliant

Resource

Category

Tonnes

(Mt)

Ash %

(ad)

Calorific

Value

Kcal/kg

(ad)

Inherent

Moisture %

(ad)

Total

Sulphur %

(ad)

Yield % Cumulative RD

Fraction

AW Inferred 107 Mt 17.4 5514 8.3 0.43 63.2 CF 1.55

BW Inferred 102 Mt 12.8 5906 7.9 0.29 58.4 CF 1.55

CW Inferred 113 Mt 11.3 6027 8.1 0.29 73.7 CF 1.55

AW Inferred 107 Mt 18.6 5419 8.1 0.42 70.5 CF 1.60

BW Inferred 102 Mt 14.7 5776 7.9 0.28 66.9 CF 1.60

CW Inferred 113 Mt 12.4 5942 8 0.29 79 CF 1.60

AW Inferred 107 Mt 21.5 5177 7.7 0.4 82.9 CF 1.80

BW Inferred 102 Mt 18.3 5437 7.5 0.26 83.2 CF 1.80

CW Inferred 113 Mt 15.1 5708 7.7 0.28 89.6 CF 1.80

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Taroom Project Overview The Taroom project is 100% owned by Blackwood, and is located in the north-eastern edge of the

Surat Basin (Figure 6). The project is in close proximity to GlencoreXstrata’s Surat Basin projects

(primarily Wandoan), as well as Cockatoo Coal’s “Taroom” and “Collingwood” projects. The

region is serviced by the Leichhardt Highway which passes through the townships of Wandoan &

Taroom, and part of the project is intersected by the proposed Surat Basin Railway to the Port of

Gladstone. Blackwood announced a 1.0 to 1.3B billion tonne Exploration Target at Taroom in

March 2012

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Note: All references to Exploration Targets in this document are in accordance with the guidelines of the JORC Code (2012). As such,

the potential quanity and grade is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource on

the tenement, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

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Maiden JORC Compliant Resources Statement Blackwood completed its drill program and coal quality testing in early 2013. A maiden JORC

compliant Inferred Resource has been estimated for the Taroom project, covering a targeted

footprint within the “Broadmere” sub-project in the north-west part of the Surat Basin (EPC1465). A

total Inferred resource of 51.8 million tonnes has been defined over 8% of the project, as shown in

Figure 7 and Table 3.

Taroom Drilling Program & Data Correlation Blackwood’s drilling campaigns across the Taroom project have generally been scout drilling to

establish seam presence and thickness in relation to known adjacent deposits. The “Broadmere”

sub-project was the main focus of this campaign, with intersections of 7.7m of coal at less than

64m!depth recorded. 2012/13 drilling added a total of 4,430m of drilling throughout 51 boreholes

within the project. Following further historical drill intersection correlation, as well as coal quality

testing, the JORC compliant Inferred resource of 51.8 million tonnes has recently been

established. The coal is interpreted to be held within correlatives of Taroom Coal Measures, and

has been found in three principal seams of the measures (Auburn, Bulwer & Condamine seams).

The resources have been reported for the Bulwer and Condamine seam groups. Coal quality

data is indicating a potential bypass thermal coal product of export grade.

Seam JORC

Compliant

Resource

Category

Tonnes (t) Ash%

(ad)

CV

Kcal/kg

(ad)

FC% (ad) IM% (ad) Moisture% Relative

Density

g/cm3

(ad)

In-situ

Density

g/cm3

TS %

(ad)

VM%(ad)

A51 Inferred 1,672,144 10.9 6,420 39.6 8.0 12.5 1.33 1.31 0.47 41.5

A52 Inferred 4,414,083 17.6 5,837 37.1 8.3 12.5 1.38 1.36 0.46 36.9

B12 Inferred 3,544,143 18.7 5,834 36.0 7.6 12.5 1.40 1.37 0.46 37.7

B20 Inferred 1,095,019 9.8 6,662 41.2 7.4 12.5 1.32 1.30 0.46 41.7

B21 Inferred 6,823,845 10.6 6,554 40.9 7.6 12.5 1.33 1.31 0.47 40.8

B221 Inferred 266,126 27.7 4,973 32.1 8.2 12.5 1.46 1.43 0.53 31.9

B231 Inferred 4,962,740 18.2 5,924 36.1 7.0 12.5 1.40 1.37 0.44 38.6

B232 Inferred 1,978,479 18.4 5,924 36.1 7.2 12.5 1.39 1.36 0.42 38.3

B3 Inferred 13,696,135 12.9 6,209 39.7 8.5 12.5 1.35 1.33 0.50 38.9

C1 Inferred 1,996,206 12.8 6,409 39.6 7.0 12.5 1.34 1.31 0.57 40.6

C3 Inferred 1,198,570 10.2 6,587 41.7 7.6 12.5 1.31 1.29 0.53 40.5

C7 Inferred 2,562,877 21.9 5,543 35.4 7.2 12.5 1.44 1.40 0.51 35.6

C8 Inferred 7,607,365 13.4 6,252 38.9 7.5 12.5 1.36 1.33 0.53 40.2

Total 51,817,731

Table 3 - Resource Classification in Accordance with JORC Code (2012) Guidelines – Raw Coal Quality

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Forward Plans Broadmere presents one opportunity within the Taroom project for Blackwood, with the three

other sub-project areas of Raka Hills, Juandah Creek and Tarana Crossing remaining

predominantly unexplored. The ongoing focus for Blackwood is continued regional data

correlation based on historical drill intersections within the project.

The current status of infrastructure relating to coal in the Surat Basin remains unclear. Due to this,

Blackwood will continue to explore its Surat Basin projects as cost-effectively as possible, with the

strategy of defining projects to an adequate level where they may tap into this infrastructure if

and when it becomes available. Blackwood continues to monitor the situation, and has aligned

its exploration programs with potential timeframes for infrastructure development

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About Blackwood Corporation

Blackwood Corporation Limited (ASX: BWD) is an emerging Australian energy and resources

company, with a primary focus on the exploration and development of its coal tenement

portfolio in Queensland, Australia.

Through its wholly owned subsidiary, Matilda Coal Pty Ltd, Blackwood Corporation holds tenure of

over 5,500 square kilometres in world class and internationally recognised coal basins, such as the

Bowen Basin, Galilee Basin, Surat Basin and Clarence-Moreton Basin. The company has

established 6 ‘priority projects’ and 11 ‘pipeline projects’, aimed at providing long term growth

opportunities. Many of its assets are adjacent to proven coal reserves of significant size and

export quality, as well as excellent infrastructure.

For more information, please contact

Todd Harrington

Chief Executive Officer!

+61 7 3034 0800

Competent Persons’ Statement

The information in this report that relates to Exploration Results, Exploration Targets and Minerals

Resources is based on information compiled by Mr Mark Winsley, Mrs Merryl Peterson, Mr Lyon

Barrett and Mr Lyndon Pass, who are all members of The Australian Institute of Mining and

Metallurgy (AUSIMM).

For the Inferred Resources stated for the Lauderdale Project at South Pentland:

Mr Winsley is the General Manager – QLD Exploration, a full time employee of Blackwood

Corporation Limited and holds shares in Blackwood. He 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 a Competent Person as defined in the 2012 Edition of the ‘Australasian

Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Winsley

consents to the inclusion in the report of the matters based on the information in the form and

context in which it appears. Mr Winsley is signing off as comptent person for the validity of field

data.

Mr Barrett is engaged as Principal Resource Geologist/Director at Measured Resources Pty Ltd

and 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 a Competent Person

as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,

Mineral Resources and Ore Reserves. Mr Barrett consents to the inclusion in the report of the

matters based on the information in the form and context in which it appears. Mr Barrett is sigining

off as competent person for the resource estimate.

For the Exploration Targets on the South Pentland Project:

Mrs Peterson is engaged as Principal Geologist at Runge Limited and has sufficient experience

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

activity which she is undertaking to qualify as a Competent Person as defined in the 2004 Edition

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

Reserves. Mrs Peterson consents to the inclusion in the report of the matters based on the

information in the form and context in which it appears.t

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Mr Pass is engaged as Principal Resource Geologist/Director at Encompass Mining Pty Ltd and 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 a Competent Person as

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

Resources and Ore Reserves. Mr Pass consents to the inclusion in the report of the matters based

on the information in the form and context in which it appears.

For the Taroom Exploration Target and the Inferred Resources stated for the Broadmere Project at

Taroom:

Mr Winsley is the General Manager – QLD Exploration, a full time employee of Blackwood

Corporation Limited and holds shares in Blackwood. He 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 a Competent Person as defined in the 2012 Edition of the ‘Australasian

Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Winsley

consents to the inclusion in the report of the matters based on the information in the form and

context in which it appears.

Mr Pass is engaged as Principal Resource Geologist/Director at Encompass Mining Pty Ltd and 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 a Competent Person as

defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral

Resources and Ore Reserves. Mr Pass consents to the inclusion in the report of the matters based

on the information in the form and context in which it appears.

JORC Exploration Targets

Note: All references to Exploration Targets in this document are in accordance with the guidelines

of the JORC Code (2012). As such, the potential quantity and grade is conceptual in nature and

there has been insufficient exploration to estimate a Mineral Resource on the tenement, and it is

uncertain if further exploration will result in the estimation of a Mineral Resource.

A: Please refer to the ASX South Pentland Exploration Target announcements 21 November 2011 &

8 October 2012 for full report. Coal Quality Ranges for the South Pentland Project are as follows

(all on an air dried basis): Moisture 8.4-11.6, Raw Ash 9.5-34.2, Volatile Matter 21.5-32.6, Fixed

Carbon 46.4 - 55.3, Total Sulphur 0.26 - 0.34, Ave SE 5445 kcal/kg, Exploration Target reduced by

the amount of inferred resources reported, now 2.7 to 4.3 Billion Tonnes.

B: Please refer to the ASX Taroom Exploration Target announcement 19 March 2012 for full report.

Coal Quality Ranges for the Taroom Project are as follows (all on an air dried basis): Moisture 5.9-

9.9, Raw Ash 9.8-31.3, Volatile Matter 28.7-43.9, Fixed Carbon 27.0-40.0, Total Sulphur 0.22-0.51, SE

5162 – 6709 kcal/kg.

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Appendix 1

South Pentland - Lauderdale area – Depth to A seam coal

South Pentland - Lauderdale area – C seam CV – Washed Product Energy (kcal)

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South Pentland - Lauderdale area – B seam CV – Washed Product Energy (kcal)

South Pentland - Lauderdale area – A seam CV – Washed Product Energy (kcal)

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Appendix 2

South Pentland – Lauderdale

JORC Table 1

Checklist of Assessment and Reporting Criteria

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JORC Table 1 Checklist of Assessment and Reporting Criteria This appendix details sections 1, 2 & 3 of the JORC Code 2012 Edition Table 1. Section 4 ‘Estimation & Reporting of Ore Reserves’ & Section 5 ‘Estimation

and Reporting of Diamonds & other Gemstones’ have been excluded as they are not applicable to this deposit and estimation.

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary

Sampling techniques

Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

• Include reference to measures taken to ensure

sample representivity and the appropriate calibration of any measurement tools or systems used.

• Aspects of the determination of mineralisation that

are Material to the Public Report.

In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling

problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

• Drill cuttings (chips) obtained from open hole drilling were collected at 1 m intervals

and placed in piles for detailed logging. A representative sample from each pile

from selected holes was preserved in sample chip trays.

• For the 2012 and 2013 exploration programmes, all coal seams intersected in core

with a thickness greater than 0.10m were sampled, with a maximum sample length

of 0.50m for coal core. Coal plies were sampled discretely on the basis of

lithological characteristics and inferred coal quality. Non-coal partings less than

0.10m that formed a ply boundary were included in the upper coal ply and noted in

the lithological description. Non-coal interburden material greater than 0.10m and

up to a maximum of 0.30m was sampled separately.

• Core was placed in core trays and appropriately marked up with the drill hole

number, tray number and drilling depth. Samples from the immediate 1m, 3m, 5m,

7m roof and floor have been sampled and retained in core boxes for future

geotechnical testing.

• All coal and seam roof and floor dilution samples were double bagged at the drill

site and marked with sample number, hole number, project identification and

transported to the laboratory via courier.

• All coal quality samples were prepared and analysed using Australian Standard

testing methodologies at NATA accredited Bureau Veritas (Brendale, QLD).

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Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg 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).

• All coal quality holes were cored (partially or fully) using HQ size coring equipment

producing a nominal 61mm diameter core.

• Non-cored holes were generally drilled using 150mm sized bit type.

• A full list of drill holes used in the model are available in the appendicies at the end

of Table 1.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries 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.

• Core recovery was reconciled based on driller records and geologist

measurements to determine core losses. The core recovery details were recorded

for further reconciliation against geophysical logs.

• A final check of core recovery was completed by comparing the recovered

thickness measured during geological logging and thicknesses of coal seams

interpreted from geophysical logs

• If core recovery was less than 95%, the sample was not used for analysis of coal

quality and the hole was redrill.

Logging Whether core and chip samples have been geologically and geotechnically 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.

The total length and percentage of the relevant intersections logged.

• A rigorous protocol was adhered to on site regarding drilling supervision, core

recovery measurements and core logging and sampling.

• All core was geologically logged, marked and photographed before sampling.

Geological and geotechnical features were identified and logged.

• All chip holes were geologically logged.

• All drill holes have been geophysically logged with a minimum density, caliper,

gamma and verticality unless operational difficulties prevented full or partial logging

of the drill hole. A full list of the suite of geophysical logs than have been run on

each drill hole can found in Appendix B – Drill Hole data

• The calibration of the geophysical tools was conducted by the geophysical logging

company.

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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, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

• All core samples were double bagged on site and transported to the Laboratory for

testing. Bureau Veritas Laboratories comply with Australian Standards for sample

preparation and sub sampling.

• Raw Analysis procedure keeps ! of the sample as a reserve

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.

For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

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

• Raw coal samples from the 2012/2013 drilling program were analysed at Bureau

Veritas coal laboratory in Brisbane, Queensland. Bureau Veritas is accredited by

the National Association of Testing Authorities, Australia (NATA), to analyse for

proximate analysis, relative density, specific energy and total sulphur.

• Results have been reported on an air dried moisture basis (adb).

• Bureau Vertias is a NATA certified coal testing laboratory, who undergo rigorous

testing, including external and internal round robin testing, technical and quality

audits. Bureau Veritas follow Australian Standard AS4264.1-2009 for coal and coke

sample preparation. This standard provides a guideline for QC processes at each

sub-sampling stage.

• Geophysical tools are calibrated by the logging company (Evolution Exploration)

and where possible, validated using a calibration hole.

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Verification of sampling and assaying

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

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

• Bureau Veritas Laboratories comply with the Australian Standards for coal quality

testing and as such conduct the verifications for coal quality analysis outlined in the

standards.

• Coal quality results were verified by Blackwood Corporation personnel before

inclusion into the geological model and resource estimate.

• Verification included cross plots of various parameters to ensure all data was

internally consistent

• No adjustments have been made to the coal quality data, other than the correction

of Relative Density to insitu moisture basis using the Preston-Sanders moisture

adjustment equation.

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.

Specification of the grid system used.

Quality and adequacy of topographic control.

• The topographic surface used in the geological model is based on an ALOS PRISM

satellite image stereo triplest carried out in 2012.

• Not all holes have been accurately surveyed at this time. Drill holes 1008D, 1009D,

1010D & 1011D are awaiting DGPS pickup.

• For these holes, interim hand held GPS co-ordinates have been used for modelling

purposes. Generally these have an accuracy of 10m on the horizontal, while

elevation has been determined from the ALOS topographic surface.

• The survey work is due to be completed at the end of the 2013 drilling programme

with the horizontal coordinates to be surveyed in MGA 94 (UTM) Zone 55 datum,

and the vertical coordinates were surveyed in AHD.

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.

• Inferred resources have been reported in this resource estimate, which reflects the

broad spacing of data that supports this estimate.

• The inclusion of boreholes from neighbouring areas has given the model a

reasonable amount of lateral continuity in all directions.

• In addition to drill hole information, the estimate is also supported by 62km of good

quality 2D seismic data.

• The applied drill hole spacing is 4000m between points of observation, with an

extrapolation distance of no more than 1000m from the last Point of Observation.

Orientation of data

in relation to geological

Whether the orientation of sampling achieves unbiased

sampling of possible structures and the extent to which this • The coal deposit is considered to dip at approximately 4 – 8 degrees to the

southwest

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structure 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.

• Faults have been intersected in the 2D seismic, none so far have been intersected

in the boreholes. The current drill hole and 2D seismic spacing is insufficient to

resolve structure between drill holes and or seismic lines

• All drill holes are vertical to provide the best intercept angle to achieve an unbiased

sample

Sample security The measures taken to ensure sample security. • Each core sample was placed into a plastic geological sample bag with the date,

location depth of interval, and seam name written on the bag. This bag was placed

within another plastic geological sample bag together with a sample number ticket.

The bags were tied to preserve the coal and eliminate moisture loss, and placed

into sample drums. The bags were allocated an identification number, and a

sample register was compiled with samples contained in each bag prior to

dispatching to Bureau Veritas coal laboratory in Brendale, Brisbane, for analysis.

• Sample security was ensured under a chain of custody between Blackwood

Corporation personnel on site and Bureau Veritas laboratory

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

• The sample data has been extensively QA/QC reviewed internally.

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)


Mineral tenement and land tenure status

• Type, reference name/number, location and ownership

including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The security of the tenure held at the time of reporting along with

any known impediments to obtaining a licence to operate in the area.

• Resources are contained within EPC 1486. EPC 1486 is 100%

owned by Matilda Coal Pty Ltd, a wholly owned subsidiary of Blackwood Corporation. There is one (1) native title claim over the area by the Iman People 2 (QC 97/55). There are very small areas of environmentally sensitive areas, outside of the targeted drilling area and resource area.

• There are no known impediments to obtaining a licence to operate in the Lauderdale Project.

• The tenure is good standing; all work and expenditure

commitments are in compliance.

Exploration done by other parties

• Acknowledgment and appraisal of exploration by other

parties.

• Historical exploration has occurred in the area since the early

1970’s. All open source company data has been sourced from QDEX and has been entered and validated into the database. Historic holes have been used in the resource for structural controls.

Geology • Deposit type, geological setting and style of mineralisation. • The Lauderdale Project area lies within the Galilee Basin. The

Galilee Basin is a large intracratonic basin which covers an area over 250,000 km2 in central Queensland. The Galilee Basin comprises Late Carboniferous, Early and Late Permian, and Early and Middle Triassic sediments which are obscured beneath

Jurassic and Cretaceous Deposits of the Eromanga Basin.

• The stratigraphy of the project area includes; o Tertiary Cover consists of unconsolidated sands and

clays usually highly weathered

o Triassic aged Warang Sandstone is found across the deposit, the formation is predominantly poorly sorted with thin interbeds of red siltstone

o Permian aged Betts Creek Beds coal measures underlie the Triassic aged Warang. The Betts Creek Beds coal measures are the stratigraphic equivalent of the Bandanna/Colinlea Formations

• Coal seams occur within the Betts Creek Bed Coal Measures

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which are Permian in age and dips gently at approximately 4-8 degrees to the south east. The coal seams found within the Betts Creek Bed Coal Measures are as follows

o A Seam o B Seam

o C Seam o D Seam o E Seam o F Seam

Drill hole Information • A summary of all information material to the understanding of the

exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level

in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth

o hole length.

• If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent

Person should clearly explain why this is the case.

• A detailed list of the drill holes used to define the resource in the

Lauderdale Project can be found in Appendix B

• All drill holes have been modelled from vertical and hole deviation

(from vertical) has been recorded and used in the model.

• Information is contained in the appendicies at the end of table 1.

Data aggregation methods

• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg

cutting of high grades) and cut-off grades are usually Material and should be stated.

• Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the

procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

• The assumptions used for any reporting of metal equivalent

values should be clearly stated.

• All seams where multiple coal quality samples were taken were given a composite coal quality value. The composite value was

generated within the Ventyx Minescape Software and was weighted on thickness and insitu RD.

• In-situ RD was only weighted against thickness.

Relationship between mineralisation widths and intercept lengths

• These relationships are particularly important in the reporting of Exploration Results.

• If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

• If it is not known and only the down hole lengths are reported,

there should be a clear statement to this effect (eg ‘down hole length, true width not known’).

• All drilling is conducted in vertical holes, with verticality tools run to confirm. Thus all coal intersections and down-hole geophysics

are vertical thickness, as the seam dips are sub-8 degrees this thickness is considered true thickness.

• Lateral coal seam continuity is demonstrated by 62Km of multiple 2D seismic traverses.

• Point of observation spacing has been extrapolated in a maximum

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of a 2000 m radius from the drill hole. This distance has been reduced to approximately 1,000m beyond the last line of drilling.

Diagrams • Appropriate maps and sections (with scales) and tabulations of

intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

• Appropriate Maps and diagrams are included in the Resource

Report and ASX announcement presented.

Balanced reporting • Where comprehensive reporting of all Exploration Results is not

practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

• All available exploration data for the Lauderdale Project area has

been collated and reported. All data from all holes has been reported.

Other substantive exploration data

• Other exploration data, if meaningful and material, should be

reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock

characteristics; potential deleterious or contaminating substances.

• Blackwood Corporation has run 2D seismic lines in 2011 and

2012 as part of its exploration program.

• An existing BMR seismic line and two CANSO Shell Seismic lines

have been reprocessed. This data has been used to control the model in areas where borehole data is not available.

Further work • The nature and scale of planned further work (eg tests for lateral

extensions or depth extensions or large-scale step-out drilling).

• Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

• Further work in the future (ie the remaining 2013 programme) is

expected to include infill drilling to increase the status of part of the resource from inferred into higher categories.

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Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)


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.

• Sampling and logging data from the field is directly entered into logcheck.

Constrained look-ups lists, depth and interval validation are inbuilt and ensure that the data collected is correct at source. Data is imported into Mincom’s GDB relational geological database where additional validation checks are carried out, including depth checks, interval validation, out of range data and coding.

• Data is validated by visual checks undertaken in the Minescape Software

Site visits • Comment on any site visits undertaken by the

Competent Person and the outcome of those visits.

• If no site visits have been undertaken indicate why this is the case.

• Mark Winsley has been to site numerous times to help with drilling

supervision and programme management. Mr Winsley is signing off as competent person for validity of field data

• Lyon Barrett has not been to site, he is however familiar with the geology of

the Galilee Basin and has had access to all available data and persons directly involved with the acquisition of the data used to build the model and generate the estimate. Mr Barrett is signing off as competent person for the resource estimate.

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.

• 2D seismic lines have identified both possible and probable medium scale

faulting in the project area.

• At this stage however, no faults have been included in the geological model

for the Lauderdale project, as it is felt that insufficient data is available to model the continuity of faults.

• 2D seismic has also identified a number of sedimentary features such as increased interburdens and “stone lenses”. These features have been

confirmed to some extent by drilling and are represented in the model.

• AW seam roof interpreted from 2D seismic has been used to help control the model trend in areas where drillhole data is not available.

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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.

• The seams within the resource area strike in an

approximate NW-SE direction and dip towards the South West at between 4 and 8 degrees.

• All seams are currently interpreted to partially subcrop within the project area, but at a very

deep base of weathering depth (approximately 200m).

• The deepest part of the resource area is approximately 650m to the base of the CW

seam.

• The strike length of the current resource area is approximately 13km with a maximum width of approximately 3km.

• The limits of the deposit along strike and down dip have not yet been determined, and the estimate of the resource is only limited by the amount of drilling data currently available.

Estimation and modelling techniques

• The nature and appropriateness of the estimation technique(s) applied and key assumptions, including treatment of extreme grade values, domaining, interpolation parameters and maximum distance of extrapolation from data points. If a computer assisted estimation method

was chosen include a description of computer software and parameters used.

• 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 (eg

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 modelling of selective mining units.

• Any assumptions about correlation between variables.

• Description of how the geological interpretation was used to control the resource estimates.

• Discussion of basis for using or not using grade cutting or capping.

• The process of validation, the checking process used, the comparison of model data to drill

hole data, and use of reconciliation data if available.

• Modelling of seam structure was undertaken on the following basis:

• The base of weathering surface has been

applied as the uppermost limit parameter for the coal resource calculations.

• Schema; Laudws_092013

• Thickness Interpolator; Finite Element method

(FEM)

• Trend Interpolator; FEM

• Surface Interpolator; FEM (First Order)

• Minimum Interval thickness; 1.8m

• Seams Modelled; AW, BW, CW (A, B and C seam working sections)

o Working sections have been chosen on

a hole by hole basis, with the aim of minimising ash and maximising thickness over a practical underground working section.

• Seam Relationship; Conformable

• Seam Continuity; Pinch

• Additional Survey – AW seam Roof data from

seismic lines

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• Faults Modelled – none

• No previous estimation of resources exist for the Lauderdale Project

• Modelling of Working Section quality was

undertaken on an inverse distance squared basis, with a search radius of 20km. This has the effect of honouring data points, and tending to the median in areas away from known data points. This is considered to be a conservative

and appropriate method at this stage of the project.

• Validation of working section thickness and quality was done visually on a hole by hole

basis, by comparing input sample values against output composite values. Visual validation was also carried out by comparing seam thickness, depth and quality contours vs drillhole values. Considering the limited amount of drilling data available, this is considered an appropriate approach to validation at this stage of the project.

Moisture • Whether the tonnages are estimated on a dry basis or with natural moisture, and the method of determination of the moisture content.

• Tonnages are estimated on a insitu moisture basis

• Insitu moisture (ISM) content was derived using the

following formula. ISM = 0.348 + 1.1431 x MHC (ACARP report C10041) using the average of available moisture holding capacity values from historic drilling on neighbouring leases.

• A value of 13.5% ISM has been used to determine the

in-situ density via the Preston Sanders equation. Insitu density has been used to calculate tonnages.

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Cut-off parameters

• The basis of the adopted cut-off grade(s) or quality parameters applied. • Working sections have been chosen on a hole by hole

basis, with the aim of minimising raw ash, and maximising thickness. In some cases it has been necessary to include internal bands of non-coal material (ie > 50% raw ash) in order to achieve a practical underground working section. Inclusion of this material is reflected in the downgraded coal quality and product yields quoted with the resource.

Mining factors

or assumptions

• Assumptions made regarding possible mining methods, minimum mining dimensions and

internal (or, if applicable, external) mining dilution. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential mining methods, but the assumptions made regarding mining methods and parameters when

estimating Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the mining assumptions made.

• It is Blackwood Corporation’s opinion that at this

stage of the project there are no limiting mining factors.

• The potential mining method currently being

considered is UG Longwall

• A maximum depth of resource of 650m from

topography has been applied

• A minimum thickness of 1.8m was used across the

resource to account for the potential underground mining method.

Metallurgical factors or assumptions

• The basis for assumptions or predictions regarding metallurgical amenability. It is always

necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential metallurgical methods, but the assumptions regarding metallurgical treatment processes and parameters made when reporting Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the metallurgical assumptions made.

• At this stage of the project Blackwood Corporation

have not identified any limiting metallurgical factors.

Environmental factors or assumptions

• Assumptions made regarding possible waste and process residue disposal options. It is always

necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider the potential environmental impacts of the mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a greenfields project, may not always be well advanced, the status of early consideration of these potential environmental impacts should be reported. Where these aspects have not been considered this should be reported with an explanation of the environmental assumptions

made.

• At this stage of the project Blackwood Corporation

have not identified any limiting environmental factors.

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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.

• The bulk density for bulk material must have been measured by methods that adequately account for void spaces (vugs, porosity, etc), moisture and differences between rock and

alteration zones within the deposit.

• Discuss assumptions for bulk density estimates used in the evaluation process of the different materials.

• Preston Sanders Insitu Relative Density Estimation –

The insitu density of the coal seams has been estimated using the Preston Sanders insitu relative density estimation equation.

• Samples were assigned an Insitu Moisture value of

13.5%

• Insitu moisture values were derived from the equation ISM = 0.348 + 1.1431 x MHC using the available moisture holding capacity values from historic drilling

on neighbouring leases.

Classification • The basis for the classification of the Mineral Resources into varying confidence categories.

• Whether appropriate account has been taken of all relevant factors (ie relative confidence in

tonnage/grade estimations, reliability of input data, 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.

• Points of observation have only been considered where intersections of working sections have been

cored and analysed for a minimum of Raw ash, inherent moisture and relative density. These are considered to be the minimum requirements to prove the insitu quantity and quality of coal at that point.

• Additional interpretive data, supporting the structural

(but not quality) continuity of seams includes cored holes awaiting analysis, open holes with geophysics and 2D seismic surveys.

• A maximum spacing of 4,000m between points of

observation has been used to determine an inferred resource category for this estimation.

• Extrapolation of the resource classification beyond

known data points has been limited to approximately 1,000m.

• An inferred resource has been identified in the Lauderdale Project area reflecting the competent

person’s low level of confidence in the seam structure and quality continuity, based on the data currently available.

Audits or reviews

• The results of any audits or reviews of Mineral Resource estimates. • No independent audits or reviews have taken place,

however both the input data and resource estimate has been reviewed internally by Blackwood Corporation and Measured Resources Pty Ltd.

Discussion of relative accuracy/

• Where appropriate a statement of the relative accuracy and confidence level 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

• Measured Resources Pty Ltd have assigned an

inferred resource category to the Coal Resource Estimate, reflecting a low level of confidence in the

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confidence relative accuracy of the resource within stated confidence limits, or, if such an approach is not deemed appropriate, a qualitative discussion of the factors that 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, 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.

seam structure and quality continuity. This category is considered to be appropriate, given the current amount of data available.

• No geostatistical modelling has been completed, as

there is insufficient data currently available to produce a meaningful result.

• Factors that could affect accuracy include unknown

structures between completed boreholes, seam washouts in roof or inseam stone bands developing. Insufficient evidence exists at this point in time for such structures.

• The B seam working section appears to have

degraded in hole 1008D. This has been accounted for in the model and resource estimate by pinching the seam to zero thickness at this hole, along with the minimum thickness cutoff of 1.8m applied to the entire resource.

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Appendix 2.1 Borehole Collar Listing

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Table 1: Borehole Collar Listing As Used for Resource Estimate – August 2013

Borehole Name Easting (MGA

94 Zone 55)

Northing (MGA

94 Zone 55) Collar RL (m) AHD

Total

Depth

(m)

Geophysical logs

1000D 340338 7696073 487 217.98 Gamma,Density,Caliper


1005D 335266 7698963 451 343 Gamma,Density,Caliper

1007D 332009.1 7699989 414 520 Gamma,Density,Caliper





GC002 344078.8 7694192 482.007 360 Gamma,Density,Caliper

GC008 350122.7 7690290 457.607 530 Gamma,Density,Caliper

PE093 334449.5 7705910 391.46 195 Gamma,Density,Caliper

PE102 340949.5 7699821 426.46 231 Density

PE103 339913.5 7698735 450.57 210 Density

PE107 347611.4 7697584 436.85 214 -

PE108 346237.4 7696297 447.96 195 -

PE109 344117.5 7694555 477.068 261 Density

PE135 350595.9 7688705 426.33 251 -

PE136 350055.4 7687344 406.3 251 -

PE178 333514.5 7705358 377 212 Density

PE180 338264.5 7701928 404 152 -

PE181 342094.4 7699348 421 123 -

PE197 344917.3 7695169 465.921 300 -

PS0068 336000 7703500 414 186 Gamma,Density

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www.bwdcorp.com.au Blackwood Corporation Ltd | ABN 31 103 651 538 | September 2013

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Appendix 2.2 - Borehole Statistics

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INTERVAL NUMBER AVERAGE

MINIMUM MAXIMUM

S.D. SKEWNESS KURTOSIS HOLE

NAME VALUE

HOLE

NAME VALUE

AW 12 2.17 GC008 1.14 1010D 2.94 0.61 -0.6 -0.96

BW 12 2.99 1003D 1.74 GC008 5.61 1.04 1.47 1.5

CW 13 2.27 1000D 1.29 1009D 3.53 0.89 0.4 -1.49

WE

(base of

weathering

elevation) 15 295.07 1010D 160.97 1000D 365.79 57.69 -0.74 0.07

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Appendix 2.3 - Points of Observation Listing

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Appendix 3

Taroom - Broadmere

JORC Table 1


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Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)


Sampling techniques

Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

• Include reference to measures taken to ensure sample

representivity and the appropriate calibration of any measurement tools or systems used.

• Aspects of the determination of mineralisation that are

Material to the Public Report.

In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse

gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

• Drill cuttings (chips) derived from open hole drilling were collected at 1 m intervals and

placed in piles for inspection and description. A representative sample from each pile

from selected holes was preserved in labelled sample chip trays.

• For the 2012 exploration programmes all coal seams intersected greater than 0.10m

were sampled with a maximum sample length of 0.50m of coal. Coal plies were

sampled discretely on the basis of lithological characteristics and quality. All non-coal

material and partings less than 0.10m were included in the upper coal ply and noted in

the lithological description. Non-coal interburden material greater than 0.10m and up to

a maximum of 2.0m was sampled separately.

• All coal and roof and floor dilution samples were double bagged at site and marked

with sample number, hole and project. The samples were then transported to

laboratory via courier.

• All coal quality samples were prepared and analysed using Australian testing

methodologies

Drilling techniques

Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg 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).

• Sites were initially open hole hammer drilled with a diameter of 125mm, before 4”

(100mm) core drilling was undertaken on selected sites, a step off between holes of

approximately 5 metres. All holes were geophysically logged.

• Non cored holes were used in the model to define structure and stratigraphy but were

not used as Points of Observation

A full list of drill holes used in the model are available at the end of Table 1 in Appendix B –

Drill hole Data.

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Drill sample recovery

Method of recording and assessing core and chip sample recoveries 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.

• An assessment of core recovery was completed by comparing the recovered thickness

measured during geological logging and by the driller, to geophysical picked

thicknesses from the geophysical logs.

• If there was less than 95% core recovery a redrill was required.

Logging Whether core and chip samples have been geologically and geotechnically 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.

The total length and percentage of the relevant intersections logged.

• A rigorous protocol was adhered to on site regarding drilling supervision, core recovery

measurements, and core logging and sampling.

• All core was geologically logged, marked and photographed before sampling.

Geological and geotechnical features were identified and logged.

• All chip holes were geologically logged.

• All drill holes have been geophysically logged with a minimum density, caliper, gamma

and verticality unless operational difficulties prevented full or partial logging of the drill

hole. A full list of the suite of geophysical logs than have been run on each drill hole.

• The calibration of the geophysical tools was conducted by the geophysical logging

company.

• The industry recognised ACARP standard geological dictionary was used for logging.

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, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.

• All core samples were double bagged on site and transported to the Laboratory for

testing. Bureau Veritas Laboratories comply with Australian Standards for sample

preparation and sub sampling.

• Raw Analysis procedure keeps ! of the sample as a reserve should further testing be

required.

• Minimum coal sample length was 0.1 metres and the maximum coal sample length

was 0.5 metres (before sample was split).

• Maximum stone band thickness 0.1 metres before seam was split.

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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.

For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

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

• Raw coal samples from the 2012 drilling program were analysed at Bureau Veritas

coal laboratory in Brisbane, Queensland. Bureau Veritas is accredited by the National

Association of Testing Authorities, Australia (NATA), to be analysed for proximate

analysis, relative density, specific energy and total sulphur and results have been

reported at an air dried moisture basis (adb). Bureau Vertias is a NATA certified coal

testing laboratory, who undergo rigorous testing, including external and internal round

robin testing, technical and quality audits. Bureau Veritas follow Australian Standard

AS4264.1-2009 for coal and coke sample preparation. This standard provides a

guideline for QC processes at each sub-sampling stage.

• Geophysical tools were calibrated by the logging company

• The density measurement is calibrated to precise standards and where possible,

validated in a calibration hole

Verification of sampling and assaying!

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

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

• Bureau Veritas Laboratories comply with the Australian Standards for coal quality

testing and as such conduct the verifications for coal quality analysis outlined in the

standards

• Coal quality results were verified by Blackwood Corporation personnel before inclusion

into the geological model and resource estimate.

• No adjustments have been made to the coal quality data.

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.

Specification of the grid system used.

Quality and adequacy of topographic control.

• All drillholes have been surveyed by registered surveyors. The horizontal coordinates

were surveyed in MGA 94 (UTM) Zone 55 datum, and the vertical coordinates were

surveyed in AHD. The topographic surface used in the geological model is based on a

ALOS PRISM satellite image stereo triplets carried out in 2012. The surface was

validated against the surveyed borehole data and no inconsistencies have been

identified so far. The majority of the drillholes are within acceptable limits to be used,

generally +/-0.5 metres

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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.

• Inferred resources have only been reported in this resource estimate and reflect the

low data density of this estimate.

• The inclusion of boreholes from neighbouring areas has given the model a reasonable

amount of lateral continuity in all directions.

• The applied data spacing is 4000m between points of observation. (2000m radius

extended out from POB).

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.

• The coal deposit is considered to be dipping shallow to the east.

• Current drill hole spacing is insufficient to resolve structure between drill holes.

• All drill holes are vertical to provide the best intercept angle to achieve an unbiased

sample.

Sample security

The measures taken to ensure sample security. • Each core sample was placed into a plastic geological sample bag with the date,

sample number, location, depth of interval, and seam name written on the bag. This

bag was placed within another plastic geological sample bag together with a sample

number ticket. The bags were tied to preserve the coal and eliminate moisture loss,

and placed into sample drums. The bags were were allocated an identification number,

and a sample register was compiled with samples contained in each bag prior to

dispatching to Bureau Veritas coal laboratory in Brendale, Brisbane, for analysis.

• Sample security was ensured under a chain of custody between Blackwood

Corporation personnel on site and Bureau Veritas laboratory.

Audits or reviews

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

• The sample data has been extensively QA/QC reviewed internally. An independent

review has been conducted on this Resource by Encompass Mining’s Principal

Resource Geologist Lyndon Pass.

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)


Mineral tenement and land tenure status

• Type, reference name/number, location and ownership

including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The security of the tenure held at the time of reporting along with

any known impediments to obtaining a licence to operate in the area.

• Resources are confined within EPC 1465 boundary. EPC 1465 is

wholly owned by Matilda Coal Pty Ltd a subsidiary of Blackwood Corporation. There is one (1) native title claim over the area by the Iman People 2 (QC 97/55). There are very small areas of environmentally sensitive areas, outside of the targeted drilling area and resource area.

• There are no known impediments to obtaining a licence to operate in the Broadmere Project

Exploration done by other parties

• Acknowledgment and appraisal of exploration by other parties.

• Historical exploration has occurred in the area since the early 1970’s. All open source, company data has been sourced from QDEX and has been entered and validated into the database. A few historic holes fell within the lease and have been used in the resource for

structural controls, the rest of the historical holes fell outside the lease and were not used in the resource.

Geology • Deposit type, geological setting and style of mineralisation. • The deposit is located in the Surat Basin, the coal mineralisation is

found in the Walloon Subgroup in particular the Taroom Coal Measures of the Middle Jurassic Period, a recognised thermal coal.

• The stratigraphy of the project area includes; o Tertiary Cover consists of unconsolidated sands and clays

usually highly weathered. A weathering profile of 9-15m depth is encountered in the Broadmere Coal Project.

o Tertiary intrusive and extrusive igneous rocks known at other Queensland deposits have not been encountered and are not expected to be present in the geological sequence at the Broadmere Coal Project.

o Taroom Coal Measures (Middle Jurassic), lithologies occurring in the Middle Jurassic Taroom Coal Measures

include sandstone, siltstone, mudstone, carbonaceous shale and coal.

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• Coal seams occur within the Taroom Coal Measures which are

Middle Jurassic in age and dips gently at approximately 2-3 degrees to the south east. The coal seams found within the Taroom Coal Measures are as follows

o A (Auburn Seam consisting of A1,A2,A3,A4,A51,A52,A61,A62)

o B (Bulwer Seam consisting of B111, B112, B12, B13, B14, B19, B20, B21, B221, B222, B231, B232)

o C (Condamine Seam consisting of C1, V2, C3, C41, C42,

C5, C61, C62, C7, C8).

Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following

information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level

in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length.

• If the exclusion of this information is justified on the basis that

the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

• A detailed list of the drill holes used to define the resource in the Broadmere Project can be found in Appendix B.

• A total of 35 drillholes were used in the geological model. Of these 35 holes, 20 were cored holes drilled by Blackwood, 11 were chip holes drilled by Blackwood and 4 holes were historical drillholes.

• All drill holes have been modelled from vertical, hole deviation (from

vertical) has been recorded and used in the model determined from verticality LAS data.

Data aggregation methods

• In reporting Exploration Results, weighting averaging

techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

• Where aggregate intercepts incorporate short lengths of high

grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

• The assumptions used for any reporting of metal equivalent values should be clearly stated.

• All seams where multiple coal quality samples were taken were given

a composite coal quality value. The composite value was generated within the Ventyx Minescape software and was weighted on thickness and insitu RD. Insitu RD was only weighted against thickness.

Relationship between

mineralisation widths and intercept lengths

• These relationships are particularly important in the reporting of

Exploration Results.

• If the geometry of the mineralisation with respect to the drill hole

angle is known, its nature should be reported.

• If it is not known and only the down hole lengths are reported,

there should be a clear statement to this effect (eg ‘down hole

• All drilling is conducted in vertical holes, with verticality tools run to

confirm. Thus all coal intersections and down-hole geophysics are vertical thickness, as the seam dips are sub-8 degrees this thickness is considered true thickness.

• Point of observation spacing has been extrapolated in a maximum of

a 2000 m radius from the drill hole

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length, true width not known’).

Diagrams • Appropriate maps and sections (with scales) and tabulations of

intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

• Appropriate Maps and diagrams are included in the Resource Report

and ASX announcement presented.

Balanced reporting • Where comprehensive reporting of all Exploration Results is not

practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

• All available exploration data for the Broadmere Project area has

been collated and reported. All data from all holes has been reported

Other substantive exploration data

• Other exploration data, if meaningful and material, should be

reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating

substances.

• No other substantive exploration methods have been completed at

this time

Further work • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

• Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

• Further work in the future is expected to include infill drilling to increase the status of the resource from inferred into higher

categories.

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Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)


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.

• Sampling and logging data from the field is directly entered into

Logcheck software. Constrained look-ups lists, depth and interval validation are inbuilt and ensure that the data is collected is correct at source. Data is imported to Minescape’s GDB relational geological database where additional validation checks are carried out, including depth checks, interval validation, out of range data and coding.

• Data is validated by visual checks was also undertaken in

Minescape Software

Site visits • Comment on any site visits undertaken by the Competent Person and

the outcome of those visits.

• If no site visits have been undertaken indicate why this is the case.

• The resource estimate has been conducted by geologists who

have been out to site and have considerable geological and modelling knowledge of the Taroom area.

• The geologists are Competent Persons and are both members

of the AusIMM.

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.

• No further structure has been identified within the EPC lease

areas of the Broadmere Project as drill hole spacing lines is not sufficient to delineate structure in detail.

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.

• The deposit runs 15km north east – south west and dips to the south east and is 3.5km in width. The first coal seams are approximately 10m below the surface with deepest seams at

80m.

Estimation and modelling techniques

• The nature and appropriateness of the estimation technique(s) applied and key assumptions, including treatment of extreme grade

values, domaining, interpolation parameters and maximum distance of extrapolation from data points. If a computer assisted estimation method was chosen include a description of computer software and parameters used.

• Estimations were undertaken on a first order inverse distance basis

• The base of weathering surface has been applied as the uppermost limit parameter for the coal resource calculations.

• An extrapolation distance of 2000m from POBS was utilised for

this estimate

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• 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 (eg 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 modelling of selective mining units.

• Any assumptions about correlation between variables.

• Description of how the geological interpretation was used to control

the resource estimates.

• Discussion of basis for using or not using grade cutting or capping.

• The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation data if

available.

• Schema; Broadmere

• Thickness Interpolator; Finite Element method (FEM)

• Trend Interpolator; FEM

• Surface Interpolator; FEM (First Order)

• Minimum Interval thickness; 0.1 metres

• Seam Groups Modelled; A, B, C

• Seam Relationship; Conformable

• Seam Continuity; Pinch

• Additional Survey – None

• Faults Modelled – None

• Grid cell size; 50 x 50 m

• Coal quality interpolator used was Inverse Distance squared

with a search radius of 2000 metres.

• Coal qualities were weighted by thickness and in situ RD.

• No previous estimation of resources exists for Broadmere

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Moisture • Whether the tonnages are estimated on a dry basis or with natural

moisture, and the method of determination of the moisture content.

• Tonnages are estimated on an insitu moisture basis using the Preston

Sanders equation.

• Insitu moisture has been given a value of 12.5% based on the total moisture product from the nearby Cockatoo Coal Taroom Project

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

• Maximum Raw Ash Percentage- A maximum raw ash percentage of 50%, air dried basis, has been applied to the resource estimate.

Mining factors or assumptions

• Assumptions made regarding possible mining methods, minimum

mining dimensions and internal (or, if applicable, external) mining dilution. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential mining methods, but the assumptions made regarding

mining methods and parameters when estimating Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the mining assumptions made.

• It is Blackwood Corporation’s opinion that at this stage of the project

that there are no limiting mining factors.

• A maximum depth of resource of 150m from topography has been

applied

• A minimum thickness of 0.1m was used across the resource to

account for the potential open-cut mining method.

• Resources have not been estimated above the Base of weathering.

Metallurgical factors or assumptions

• The basis for assumptions or predictions regarding metallurgical

amenability. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential metallurgical methods, but the assumptions regarding metallurgical treatment processes and parameters made when reporting Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the metallurgical assumptions made.

• At this stage of the project there are no limiting metallurgical factors.

Environmental factors or assumptions

• Assumptions made regarding possible waste and process residue disposal options. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to

consider the potential environmental impacts of the mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a greenfields project, may not always be well advanced, the status of early consideration of these potential environmental impacts should be reported. Where these aspects have not been considered this should be reported with an explanation of the environmental assumptions made.

• At this stage of the project there are no limiting environmental factors.

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.

• The bulk density for bulk material must have been measured by methods that adequately account for void spaces (vugs, porosity,

• Preston Sanders Insitu Relative Density Estimation – The insitu

density of the coal seams has been estimated using the Preston Sanders insitu relative density estimation equation.

• Samples were assigned an Insitu Moisture value of 12.5% based on

the nearby Cockatoo Coal Taroom Project product total moisture.

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etc), moisture and differences between rock and alteration zones within the deposit.

• Discuss assumptions for bulk density estimates used in the

evaluation process of the different materials.

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 estimations, reliability of

input data, 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.

• An Inferred Resource has been identified in the Broadmere Project

area dependant on the level of confidence in the seam structure and continuity in addition to the level of variability in the coal quality data.

• The accepted spacing between POB’s of 4,000m was utilised for this

Inferred Resource estimation (JORC 2012).

Audits or reviews • The results of any audits or reviews of Mineral Resource estimates. • The sample data has been extensively QA/QC reviewed internally. An independent review has been conducted on this Resource by Encompass Mining’s Principal Resource Geologist Lyndon Pass.

Discussion of relative accuracy/ confidence

• Where appropriate a statement of the relative accuracy and confidence level 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 that 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, 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.

• Blackwood Corporation have assigned an Inferred level of confidence to the Coal Resource Estimate depending on the seam and drill hole spacing, as described in the section ‘Resource Estimation’ of this

report.

• No geostatistical modelling has been completed.

• Factors that could affect accuracy include unknown structures

between completed boreholes, seam washouts in roof or inseam stone bands developing. No evidence exists at this point in time for these.

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www.bwdcorp.com.au Blackwood Corporation Ltd | ABN 31 103 651 538

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Appendix 3.1 Bore Hole listing

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Table 2: Borehole Collar Listing As Used for Resource Estimate - March 2013

Borehole Name Easting (MGA 94

Zone 55)

Northing (MGA

94 Zone 55)

Collar RL (m)

AHD Total Depth (m)

I19 744,700 7,166,400 326 91.44

I20 743,800 7,168,300 358 91.44

I21 743,400 7,170,400 350 91.44

I22 743,500 7,171,800 329 82.296

TR_018R 745,096 7,163,466 365 101.63

TR_022R 748,197 7,169,286 290 150

TR_023R 749,601 7,169,179 291 102

TR_024R 750,394 7,169,784 269 90

TR_025R 752,680 7,171,717 250 120

TR_029R 755,020 7,173,638 272 100

TR_031R 748,701 7,167,073 249 150

TR_036C 752,558 7,170,205 283 63.28

TR_037C 753,962 7,170,122 306 81.13

TR_038C 754,075 7,171,605 292 57.36

TR_039C 753,314 7,170,972 278 30.19

TR_040C 754,877 7,172,213 261 51.17

TR_041C 756,048 7,172,057 278 54.14

TR_048R 749,052 7,168,767 292 90.21

TR_050R 751,741 7,168,265 260 90.26

TR_053C 751,624 7,169,670 275 27.15

TR_054C 750,996 7,169,043 267 33.06

TR_055C 752,444 7,168,863 268 43

TR_056C 750,453 7,168,405 283 21

TR_057C 745,776 7,164,162 328 42.1

TR_058R 744,318 7,165,958 335 123

TR_059R 744,736 7,164,485 331 120

TR_060C 747,024 7,164,456 304 45

TR_065C 746,387 7,165,257 307 66

TR_066C 747,859 7,165,188 285 39

TR_067C 747,863 7,165,192 292 33

TR_068C 748,460 7,164,297 301 69

TR_069C 749,200 7,164,973 284 54

TR_070C 749,020 7,163,507 298 60

TR_071C 747,196 7,165,804 288 45

TR_072C 752,442 7,168,866 268 31

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Appendix 3.2 Borehole statistics

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INTERVAL NUMBER AVERAGE MINIMUM MAXIMUM

S.D. SKEWNESS KURTOSIS HOLE NAME VALUE HOLE NAME VALUE

A1 1 0.78 TR_037C 0.78 TR_037C 0.78 - - -

A2 0 - - - - - -

A3 0 - - - - - -

A4 2 0.695 TR_068C 0.55 TR_070C 0.84 0.205 - -

A51 6 0.858 TR_068C 0.27 TR_041C 1.28 0.357 -0.541 -0.698

A52 7 0.531 TR_037C 0.08 TR_057C 1.14 0.369 0.349 -0.8

A61 3 0.21 TR_041C 0.08 TR_037C 0.37 0.147 0.359 -

A62 4 0.465 TR_070C 0.13 TR_038C 1.319 0.571 1.141 -0.677

B111 5 0.414 TR_070C 0.07 TR_037C 0.88 0.318 0.512 -1.083

B112 3 0.243 TR_041C 0.17 TR_040C 0.29 0.064 -0.631 -

B12 8 0.534 TR_057C 0.07 TR_038C 1.399 0.464 0.706 -0.592

B13 2 0.435 TR_038C 0.25 TR_040C 0.62 0.261 - -

B14 3 0.31 TR_038C 0.08 TR_041C 0.72 0.356 0.691 -

B19 3 0.243 TR_039C 0.1 TR_053C 0.41 0.156 0.269 -

B20 5 0.558 TR_055C 0.18 TR_054C 0.77 0.239 -0.766 -0.731

B21 11 0.533 TR_039C 0.08 TR_041C 0.999 0.331 0.298 -1.251

B221 7 0.23 TR_041C 0.07 TR_067C 0.31 0.098 -0.897 -0.993

B222 0 - - - - - -

B231 11 0.46 TR_039C 0.1 TR_053C 0.91 0.284 0.215 -1.257

B232 9 0.663 TR_065C 0.2 TR_056C 1.38 0.401 0.44 -0.92

B3 14 0.618 TR_058R 0.16 TR_070C 1.59 0.396 1.118 0.574

C1 14 0.352 TR_067C 0.12 TR_059R 0.6 0.159 -0.066 -1.255

C2 14 0.292 TR_018R 0.065 TR_059R 0.77 0.185 1.157 1.204

C3 13 0.244 TR_065C 0.086 TR_067C 0.46 0.122 0.448 -1.08

C41 7 0.327 TR_069C 0.1 TR_025R 0.53 0.14 -0.144 -0.623

C42 7 0.534 TR_060C 0.28 TR_029R 0.77 0.174 -0.351 -1.04

C5 8 0.436 TR_036C 0.15 TR_029R 0.87 0.216 0.828 0.204

C61 7 0.374 TR_069C 0.12 TR_024R 0.76 0.237 0.368 -1.046

C62 2 0.275 TR_036C 0.12 TR_065C 0.43 0.219 - -

C7 10 0.367 TR_069C 0.09 TR_018R 0.83 0.211 0.903 0.368

C8 18 0.697 TR_071C 0.21 TR_025R 1.719 0.507 1.014 -0.498

HUTT 20 52.517 TR_060C 2.476 TR_022R 146.896 41.231 0.617 -0.138

BHWE 35 281.724 TR_031R 233.007 TR_018R 345.005 28.617 0.614 -0.165

A1_ROOF 1 289.801 TR_037C 289.801 TR_037C 289.801 - - -

A1_FLOOR 1 289.021 TR_037C 289.021 TR_037C 289.021 - - -

A2_ROOF 0 - - - - - -

A2_FLOOR 0 - - - - - -

A3_ROOF 0 - - - - - -

A3_FLOOR 0 - - - - - -

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A4_ROOF 2 288.282 TR_070C 285.101 TR_068C 291.462 4.498 - -

A4_FLOOR 2 287.587 TR_070C 284.262 TR_068C 290.913 4.703 - -

A51_ROOF 6 289.101 TR_041C 264.763 TR_059R 320.394 24.391 0.522 -1.484

A51_FLOOR 6 288.243 TR_041C 263.483 TR_059R 319.284 24.398 0.507 -1.482

A52_ROOF 7 285.023 TR_041C 262.674 TR_059R 317.404 22.728 0.742 -1.167

A52_FLOOR 7 284.492 TR_041C 262.534 TR_059R 316.584 22.391 0.748 -1.165

A61_ROOF 3 267.129 TR_041C 260.215 TR_038C 276.436 8.371 0.482 -

A61_FLOOR 3 266.919 TR_041C 260.135 TR_038C 276.256 8.358 0.509 -

A62_ROOF 4 265.629 TR_041C 256.887 TR_038C 275.796 7.987 0.272 -1.185

A62_FLOOR 4 265.164 TR_041C 256.677 TR_038C 274.477 7.527 0.165 -1.231

B111_ROOF 5 267.973 TR_040C 250.195 TR_060C 295.991 17.176 0.874 -0.415

B111_FLOOR 5 267.559 TR_040C 249.615 TR_060C 295.711 17.311 0.859 -0.437

B112_ROOF 3 253.332 TR_040C 249.615 TR_037C 259.29 5.212 0.644 -

B112_FLOOR 3 253.089 TR_040C 249.325 TR_037C 259.02 5.198 0.633 -

B12_ROOF 8 274.396 TR_040C 247.626 TR_057C 307 24.124 0.264 -1.508

B12_FLOOR 8 273.863 TR_040C 247.466 TR_057C 306.93 24.063 0.291 -1.499

B13_ROOF 2 255.439 TR_040C 245.527 TR_038C 265.351 14.017 - -

B13_FLOOR 2 255.004 TR_040C 244.908 TR_038C 265.101 14.279 - -

B14_ROOF 3 253.722 TR_041C 246.284 TR_038C 264.591 9.624 0.572 -

B14_FLOOR 3 253.412 TR_041C 245.565 TR_038C 264.511 9.883 0.539 -

B19_ROOF 3 259.463 TR_037C 246.378 TR_039C 267.871 11.484 -0.624 -

B19_FLOOR 3 259.219 TR_037C 246.159 TR_039C 267.771 11.49 -0.61 -

B20_ROOF 5 260.042 TR_037C 246.069 TR_060C 290.193 18.229 1.025 -0.465

B20_FLOOR 5 259.484 TR_037C 245.319 TR_060C 289.693 18.241 1.032 -0.456

B21_ROOF 11 254.296 TR_040C 237.032 TR_056C 275.434 12.459 0.294 -1.139

B21_FLOOR 11 253.763 TR_040C 236.582 TR_056C 275.292 12.574 0.295 -1.135

B221_ROOF 7 262.889 TR_041C 238.69 TR_060C 289.093 20.084 0.033 -1.602

B221_FLOOR 7 262.659 TR_041C 238.62 TR_060C 288.823 20.061 0.033 -1.608

B222_ROOF 0 - - - - - -

B222_FLOOR 0 - - - - - -

B231_ROOF 11 256.3 TR_040C 235.212 TR_065C 288.696 16.469 0.508 -0.618

B231_FLOOR 11 255.841 TR_040C 234.623 TR_065C 288.446 16.562 0.514 -0.608

B232_ROOF 9 260.356 TR_041C 237.571 TR_065C 287.806 17.9 0.128 -1.349

B232_FLOOR 9 259.693 TR_041C 236.931 TR_065C 287.606 17.879 0.141 -1.301

B3_ROOF 14 278.684 TR_054C 245.32 TR_018R 334.109 25.268 0.76 -0.045

B3_FLOOR 14 278.065 TR_054C 244.5 TR_018R 333.779 25.478 0.752 -0.053

C1_ROOF 14 263.543 TR_041C 230.047 TR_058R 315.54 23.22 0.508 -0.055

C1_FLOOR 14 263.191 TR_041C 229.707 TR_058R 315.2 23.209 0.505 -0.047

C2_ROOF 14 267.095 TR_040C 226.087 TR_018R 328.276 28.636 0.701 -0.157

C2_FLOOR 14 266.803 TR_040C 225.857 TR_018R 328.211 28.662 0.706 -0.142

C3_ROOF 13 264.551 TR_040C 222.93 TR_018R 326.412 29.154 0.76 -0.026

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C3_FLOOR 13 264.307 TR_040C 222.55 TR_018R 326.152 29.132 0.759 -0.02

C41_ROOF 7 270.47 TR_038C 235.888 TR_018R 324.973 33.908 0.619 -1.031

C41_FLOOR 7 270.143 TR_038C 235.654 TR_018R 324.663 33.918 0.618 -1.03

C42_ROOF 7 250.864 TR_025R 235.123 TR_059R 273.294 14.48 0.543 -1.222

C42_FLOOR 7 250.33 TR_025R 234.543 TR_059R 272.764 14.536 0.548 -1.23

C5_ROOF 8 255.828 TR_025R 227.935 TR_058R 300.7 21.765 0.945 0.455

C5_FLOOR 8 255.391 TR_025R 227.506 TR_058R 300.33 21.808 0.943 0.448

C61_ROOF 7 262.041 TR_029R 234.672 TR_018R 306.759 27.138 0.7 -1.007

C61_FLOOR 7 261.667 TR_029R 234.193 TR_018R 306.22 27.101 0.694 -1.016

C62_ROOF 2 249.232 TR_036C 235.333 TR_065C 263.131 19.656 - -

C62_FLOOR 2 248.958 TR_036C 235.214 TR_065C 262.702 19.437 - -

C7_ROOF 10 257.681 TR_025R 217.141 TR_018R 296.004 24.325 -0.048 -0.85

C7_FLOOR 10 257.314 TR_025R 216.801 TR_018R 295.174 24.191 -0.067 -0.847

C8_ROOF 18 263.695 TR_025R 213.813 I20 333.616 38.23 0.536 -0.813

C8_FLOOR 18 262.997 TR_025R 212.094 I21 333.132 38.097 0.522 -0.805

HUTT_ROOF 20 261.078 TR_025R 212.094 I21 333.132 36.664 0.646 -0.571

HUTT_FLOOR 20 208.56 TR_031R 99.221 I20 266.56 47.807 -0.734 -0.383

BHWE->A1 1 6.259 TR_037C 6.259 TR_037C 6.259 - - -

BHWE->A4 2 0 TR_068C 0 TR_068C 0 0 - -

BHWE->A51 2 0.04 TR_041C 0 TR_038C 0.08 0.057 - -

BHWE->B14 1 0.1 TR_055C 0.1 TR_055C 0.1 - - -

BHWE->B19 1 2.02 TR_053C 2.02 TR_053C 2.02 - - -

BHWE->B20 1 3.349 TR_060C 3.349 TR_060C 3.349 - - -

BHWE->B21 2 1.123 TR_054C 0.5 TR_036C 1.747 0.882 - -

BHWE->B221 1 0 TR_067C 0 TR_067C 0 - - -

BHWE->B231 2 5.478 TR_039C 1.649 TR_065C 9.307 5.416 - -

BHWE->B232 1 0.15 TR_056C 0.15 TR_056C 0.15 - - -

BHWE->B3 4 3.209 TR_058R 0 TR_018R 10.896 5.18 1.085 -0.727

BHWE->C1 1 1.239 TR_029R 1.239 TR_029R 1.239 - - -

BHWE->C3 1 2.49 TR_071C 2.49 TR_071C 2.49 - - -

BHWE->C41 1 0 TR_025R 0 TR_025R 0 - - -

BHWE->C42 1 5.409 TR_050R 5.409 TR_050R 5.409 - - -

BHWE->C5 1 0 TR_024R 0 TR_024R 0 - - -

BHWE->C7 1 0 TR_023R 0 TR_023R 0 - - -

BHWE->C8 2 17.221 I20 9.144 I19 25.298 11.423 - -

BHWE->HUTT 4 0.499 I21 0 TR_031R 1.996 0.998 1.155 -0.667

A1->A51 1 18.707 TR_037C 18.707 TR_037C 18.707 - - -

A4->A51 1 10.273 TR_068C 10.273 TR_068C 10.273 - - -

A4->A52 1 11.788 TR_070C 11.788 TR_070C 11.788 - - -

A51->A52 6 1.128 TR_038C 0.42 TR_059R 1.88 0.505 0.121 -0.808

A52->A61 3 2.269 TR_038C 1.189 TR_037C 3.299 1.055 -0.086 -

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A52->A62 1 4.799 TR_070C 4.799 TR_070C 4.799 - - -

A52->B111 1 9.146 TR_068C 9.146 TR_068C 9.146 - - -

A52->B12 2 11.045 TR_057C 8.94 TR_059R 13.15 2.977 - -

A61->A62 3 1.819 TR_038C 0.46 TR_041C 3.248 1.395 0.092 -

A62->B111 2 2.694 TR_037C 2.159 TR_070C 3.23 0.757 - -

A62->B112 1 5.586 TR_041C 5.586 TR_041C 5.586 - - -

A62->B12 1 5.947 TR_038C 5.947 TR_038C 5.947 - - -

B111->B112 2 0.045 TR_040C 0 TR_037C 0.09 0.064 - -

B111->B12 2 1.125 TR_068C 0.99 TR_060C 1.26 0.191 - -

B111->B3 1 14.358 TR_070C 14.358 TR_070C 14.358 - - -

B112->B12 3 1.942 TR_037C 0.93 TR_041C 3.198 1.154 0.37 -

B12->B13 2 1.859 TR_038C 1.779 TR_040C 1.939 0.113 - -

B12->B14 1 1.339 TR_041C 1.339 TR_041C 1.339 - - -

B12->B19 1 11.042 TR_037C 11.042 TR_037C 11.042 - - -

B12->B20 1 3.349 TR_060C 3.349 TR_060C 3.349 - - -

B12->B221 1 2.799 TR_068C 2.799 TR_068C 2.799 - - -

B12->B3 2 12.24 TR_057C 12.07 TR_059R 12.41 0.24 - -

B13->B14 1 0.51 TR_038C 0.51 TR_038C 0.51 - - -

B13->B21 1 7.876 TR_040C 7.876 TR_040C 7.876 - - -

B14->B20 1 3.19 TR_055C 3.19 TR_055C 3.19 - - -

B14->B21 2 6.342 TR_041C 4.826 TR_038C 7.857 2.143 - -

B19->B20 2 0.185 TR_037C 0.09 TR_053C 0.28 0.134 - -

B19->B21 1 2.428 TR_039C 2.428 TR_039C 2.428 - - -

B20->B21 4 0.412 TR_055C 0.06 TR_053C 0.86 0.349 0.366 -1.302

B20->B221 1 0.6 TR_060C 0.6 TR_060C 0.6 - - -

B21->B221 4 0.897 TR_056C 0.442 TR_072C 1.098 0.306 -1.096 -0.711

B21->B231 7 1.256 TR_037C 0.499 TR_039C 1.988 0.477 -0.177 -0.555

B221->B231 3 0.98 TR_056C 0.3 TR_055C 2.11 0.985 0.664 -

B221->B232 1 3.049 TR_067C 3.049 TR_067C 3.049 - - -

B221->B3 2 7.142 TR_060C 5.778 TR_068C 8.506 1.929 - -

B231->B232 8 0.695 TR_036C 0 TR_038C 2.979 0.98 1.805 1.917

B231->B3 2 4.08 TR_053C 3.15 TR_054C 5.01 1.315 - -

B231->C2 1 8.535 TR_040C 8.535 TR_040C 8.535 - - -

B232->B3 3 2.283 TR_065C 2.05 TR_067C 2.449 0.208 -0.531 -

B232->C1 3 6.379 TR_036C 4.302 TR_055C 7.95 1.876 -0.459 -

B232->C3 2 12.378 TR_038C 11.64 TR_039C 13.115 1.043 - -

B3->C1 9 3.248 TR_066C 1.389 TR_069C 5.208 1.217 0.292 -0.834

B3->C2 3 6.64 TR_018R 5.503 TR_060C 7.557 1.045 -0.37 -

C1->C2 8 2.704 TR_071C 1.54 TR_054C 3.62 0.846 -0.446 -1.617

C1->C3 2 4.984 TR_067C 4.599 TR_069C 5.368 0.544 - -

C1->C42 1 14.038 TR_029R 14.038 TR_029R 14.038 - - -

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C1->C5 1 18.537 TR_036C 18.537 TR_036C 18.537 - - -

C2->C3 9 2.592 TR_054C 1.178 TR_068C 5.617 1.309 1.418 1.272

C2->C42 2 7.485 TR_050R 5.499 TR_059R 9.47 2.808 - -

C2->C5 1 10.249 TR_024R 10.249 TR_024R 10.249 - - -

C3->C41 6 3.136 TR_018R 1.18 TR_067C 3.936 1.034 -1.279 0.24

C3->C42 1 4.647 TR_068C 4.647 TR_068C 4.647 - - -

C3->C5 2 9.667 TR_066C 8.565 TR_071C 10.77 1.559 - -

C3->C61 1 10.947 TR_065C 10.947 TR_065C 10.947 - - -

C41->C42 3 1.939 TR_060C 1.309 TR_069C 2.469 0.587 -0.304 -

C41->C5 1 6.75 TR_058R 6.75 TR_058R 6.75 - - -

C41->C61 1 17.903 TR_018R 17.903 TR_018R 17.903 - - -

C42->C5 3 4.384 TR_029R 2.059 TR_025R 6.608 2.276 -0.082 -

C42->C61 1 5.919 TR_069C 5.919 TR_069C 5.919 - - -

C42->C7 1 10.53 TR_059R 10.53 TR_059R 10.53 - - -

C42->C8 1 20.787 TR_050R 20.787 TR_050R 20.787 - - -

C5->C61 4 5.538 TR_036C 2.545 TR_058R 9.37 2.831 0.496 -0.951

C5->C7 3 6.494 TR_066C 4.297 TR_025R 10.365 3.362 0.688 -

C5->HUTT 1 0 TR_060C 0 TR_060C 0 - - -

C61->C62 2 2.455 TR_065C 0.62 TR_036C 4.291 2.596 - -

C61->C7 2 8.182 TR_069C 6.149 TR_018R 10.216 2.876 - -

C61->C8 3 18.143 TR_029R 13.243 TR_058R 25.55 6.525 0.602 -

C62->C7 2 4.121 TR_036C 3.922 TR_065C 4.319 0.281 - -

C7->C8 9 9.511 TR_069C 2.749 TR_059R 27.39 8.629 1.268 0.113

C8->HUTT 18 0.272 I19 0 TR_018R 4.253 0.999 3.809 12.689

C8->BHWE 3 0.151 I21 0 TR_048R 0.45 0.259 0.707 -

BHWE->HUTT_FLOOR 1 136.403 TR_022R 136.403 TR_022R 136.403 - - -

C2->BHWE 3 3.446 TR_071C 0 TR_024R 10.249 5.892 0.707 -

B21->BHWE 1 0.34 TR_039C 0.34 TR_039C 0.34 - - -

B20->BHWE 1 0 TR_054C 0 TR_054C 0 - - -

B231->BHWE 1 0.1 TR_056C 0.1 TR_056C 0.1 - - -

B12->BHWE 1 0 TR_060C 0 TR_060C 0 - - -

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