Technical Reports

Mineral Resources and Reserves 2012 (full report, click HERE)

The technical report Mineral Resources and Reserves 2012 (Technical Report) for the Charters Towers Gold Project (the Project).

This independent Technical Report has been prepared in accordance with the Joint Ore Reserves Committee Australasian Code for Reporting of exploration Results, Mineral Resources and Ore Reserves 2004 ("the JORC Code‟).

The 173 page Technical Report by the consultant's is a rigorous review and evaluation of the technical aspects of the Projects geological gold and silver deposit. The consultant's findings replace previously released gold reports with the gold and silver Mineral Resources and Ore Reserves for the Charters Towers project. This is the first time the silver Mineral Resources and Ore Reserves have been quantified.

The gold Ore Reserves have increased by nearly 90% and the Mineral Resources for the Project have increased by 10%.

The Probable Ore Reserves are outlined below:-

• 620,000 ounces (19,000 kilograms) of gold (2,500,000 tonnes at 7.7 grams per tonne gold), and
• 410,000 ounces (13,000 kilograms) of silver(2,500,000 tonnes at 5.1 grams per tonne silver).

The Inferred Mineral Resources are outlined below:-

• 11 million ounces of gold (25 million tonnes at 14 grams per tonne gold)
• 7 million ounces of silver(25 million tonnes at 9 grams per tonne silver)

(Updated  June 2012)