BUILDING A PROFITABLE
MID-TIER GOLD MINING BUSINESS

Resources & Reserves

The following statement of Mineral Resources and Ore Reserves conforms to the Australasian Code for Reporting Exploration, Mineral Resources and Ore Reserves (JORC code) 2012 Edition. Minor discrepancies may occur due to rounding to appropriate significant figures.

Mineral Resources

Mineral Resources Estimate at 28 February 2014
Measured Indicated Inferred Total
kt g/t gold koz kt g/t gold koz kt g/t gold koz kt g/t gold koz
Henty 976 4.8 150 556 4.9 88 284 4.8 44 1817 4.8 282
Dargues 378 7.2 88 818 6.8 179 420 4.5 61 1616 6.3 327

Ore Reserves

The Ore Reserves are a subset of the Mineral Resources. All tonnages reported are dry metric tonnes. Minor discrepancies may occur due to rounding to appropriate significant figures.

Proved Probable Total
kt g/t gold koz kt g/t gold koz kt g/t gold koz
Henty 290 5.0 47 138 5.8 26 428 5.3 72
Dargues 476 5.3 81 913 5.2 152 1389 5.2 233
Ore Reserves Estimate at 28 February 2014

Competent Person’s Statement

The Company estimates its Mineral Resources and Ore Reserves in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 Edition (“JORC Code”), which governs such disclosures by companies listed on the Australian Securities Exchange.

Any information in this public report that relates to Ore Reserves, Mineral Resources or Exploration Results is based on, and accurately reflects, information compiled by Matt Daly in relation to Ore Reserves at Henty, Rob McLean in relation to Ore Reserves at Dargues, Raul Hollinger in relation to Mineral Resources at Henty, John Collier in relation to Mineral Resources at Dargues and Angela Lorrigan in relation to Exploration Results. Daly, McLean, Hollinger and Lorrigan are Members of the Australasian Institute of Mining and Metallurgy, and Lorrigan, Collier and Hollinger are Members of the Australian Institute of Geoscientists. Daly, McLean, Collier, Hollinger and Lorrigan are full time employees of the Company and have more than five years’ experience in the style of mineralisation and type of deposit under consideration and to the activity which they undertaking to qualify as Competent Persons as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Daly, McLean, Hollinger, Collier and Lorrigan have given prior written consent, where required, to the inclusion in this report of the matters based on their respective information, where applicable, in the form and context in which it appears.