further high grade rc drilling results at golden gate

Ground Floor 10 Kings Park Road West Perth WA 6005 Australia. PO Box 117 West Perth WA 6872 Australia.

T: +61 (0) 8 9216 9011 F: +61 (0) 8 9481 0288 E: [email protected] W: www.millenniumminerals.com.au

26 August 2013 Manager Company Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000

Via Electronic Lodgement

Dear Sir/Madam

FURTHER HIGH GRADE RC DRILLING RESULTS AT GOLDEN GATE (CONDOR, CROW AND HARRIER) INDICATE UPSIDE AS MINING OPERATIONS COMMENCE

Millennium Minerals Limited (“Millennium” or “the Company”) is pleased to report the exploration assay results from recent RC drilling at Golden Gate (covering Condor, Crow and Harrier Deposits), within the Company’s Nullagine Gold Project (Figures 1 & 2). Millennium has recently commenced mining operations within the high grade Golden Gate project area.

Highlights

• At the Condor deposit, multiple shallow, oxide intersections and ore-grade rock chip samples

indicate excellent potential for substantial pit extensions along strike. Significant gold intercepts include: 8m @ 7.39 g/t Au from 22m, including 2m @ 24 g/t Au from 23m in hole GGX150; 8m @ 3.95 g/t Au from 71m from in hole GGX148; and 7m @ 4.29 g/t Au from 76m in hole GGX154.

• At the Crow deposit, results indicate a new parallel lode located to the southwest of the existing

Crow deposit. There is good potential for either an additional pit, or extension to the southwest of the existing Crow pit design.

Significant gold intercepts include: 5m @ 3.70 g/t Au from 49m in hole GGX170; 6m @ 2.79 g/t Au from 64m in hole GGX172; and 3m @ 4.52 g/t Au from 50m, including 2m @ 6.53 g/t Au from 50m in hole GGX169;

• At the Harrier deposit, results indicate gold mineralisation is still open to the northwest of the

deposit and there is potential for modest extensions to the current pit design in this area. Significant gold intercepts include: 21m @ 6.96 g/t Au from 6m, including 3m @ 20 g/t Au from 8m, and 19m @ 2.51 g/t Au from 39m in hole GGX207 (drilled down dip).

• 2,300m of further RC drilling is planned at the Condor, Crow and Harrier deposits.

ABN 85 003 257 556

For

per

sona

l use

onl

y

of 16

Introduction Millennium is pleased to announce the latest results from 2013 RC drilling at the Company’s Nullagine Gold Project (the Project), located in the East Pilbara District of Western Australia (Figure 1). The Condor, Crow and Harrier deposits are part of the greater Golden Gate area of the Project and are located approximately 33 kilometres to the northeast of the now fully operational 1.5 Mt per annum CIL gold processing facility at Golden Eagle (Figures 1 & 2). Pre-mining activity and grade control drilling commenced recently on the ABC and D Reef deposits as a pre-cursor to mining operations starting late August. A total of 48 Reverse Circulation (RC) holes for 3,115 metres have recently been completed at these deposits. The drilling program was designed to test for strike and depth extensions to the mineralisation outside the currently proposed pit designs. Results have now been received for all these holes (Tables 1 - 3). The results confirm the potential to increase the Mineral Resource and Ore Reserve for all three deposits. Accordingly, Millennium is planning approximately 2,300 metres follow up RC drilling. Updated Mineral Resources and Ore Reserves incorporating the new drilling data are planned for the Golden Gate area deposits by the end of 2013. Golden Gate area deposits contain the highest average grades in the whole Project (Tables 4 & 5); accordingly they provide the most potential for Project grade upside.

Figure 1: Nullagine Project Location Plan

For

per

sona

l use

onl

y

of 16

Figure 2: Golden Gate and Satellite Deposits Location Plan Condor The Condor deposit is located in the central southern portion of the Golden Gate area (Figure 2). It has a JORC (2004) reported Mineral Resource of 0.11 Mt at 3.3 g/t Au for 12,000 ounces (Table 4). In terms of JORC reported Ore Reserves, the current pit design at Condor incorporates 72,000 tonnes at 3.1 g/t Au for 7,300 ounces (Table 5). A total of 13 holes for 1,008 metres were recently completed. Final fire assay results have now been received from ALS in Perth for all the recent holes. Results have been collated in conjunction with QAQC processes (Certified Reference Material standards & blanks, field and laboratory duplicates), which demonstrated acceptable performance.

Significant results include:

• 5m @ 2.41 g/t Au from 22m, including 1m @ 6.67 g/t Au from 22m in hole GGX143; • 2m @ 11 g/t Au from 16m, including 1m @ 16 g/t Au from 16m in hole GGX144; • 4m @ 1.57 Au g/t from 98m in hole GGX147; • 8m @ 3.95 g/t Au from 71m, including 1m @ 8.58 g/t Au from 76m and 1m @ 7.81 g/t Au

from 76m in hole GGX148; • 8m @ 7.39 g/t Au from 22m, including 2m @ 24 g/t Au from 23m in hole GGX150; • 4m @ 2.45 g/t Au from 68m, including 1m @ 6.26 g/t Au from 69m in hole GGX152; • 13m @ 1.63 g/t Au from 41m in hole GGX153; • 7m @ 4.29 g/t Au from 76m, including 1m @ 7.38 g/t Au from 76m and 1m @ 9.14 g/t Au

from 79m in hole GGX154.

For

per

sona

l use

onl

y

of 16

The full table of results from the drilling is presented in Table 1. Figure 3 shows collar locations, including previous drilling, and the currently proposed pit designs.

Figure 3: Condor Deposit Drill Hole Layout (Plan) The results indicate shallow, oxide ore-grade mineralisation continues to the northwest and the southeast of the current proposed pit design (Figure 3). Mapping and rock chip samples ranging from 0.5 g/t Au - 24 g/t Au show that the north western extension area is highly prospective as well as the south west area, to a lesser extent. It is likely that the upcoming new Mineral Resource and Ore Reserve estimates will increase over the previous totals, and have the potential to enlarge the pit design in both directions along strike (Figures 3 & 4). An additional 1,500 m follow up drilling is planned to further test strike extensions and in particular to follow up on the mapped mineralisation and ore-grade rock chips in the northwest. Gold mineralisation at Condor is hosted by sheared, bedding disconformable, northwest-trending quartz vein arrays and shears, within weakly metamorphosed mudstone, siltstone and sandstone units of the Mosquito Creek Formation. The mineralisation dips very steeply to the northeast.

For

per

sona

l use

onl

y

of 16

Figure 4: Cross Section GGX150-51 Crow The Crow deposit is located in the south eastern portion of the Golden Gate area (Figure 2). It has a previously JORC (2004) reported Mineral Resource of 0.04 Mt at 4.5 g/t Au for 5,000 ounces (Table 4). In terms of JORC reported Ore Reserves, the current pit design at Crow incorporates 19,000 tonnes at 4.1 g/t Au for 2,500 ounces (Table 5). Note that Crow has the highest grade Mineral Resource and Ore Reserve of all the Project’s deposits. A total of 20 holes for 1,320 metres were recently completed (Figure 5) and results have been received.


• 4m @ 2.92 g/t Au from 37m, including 1m @ 6.88 g/t Au from 38m in hole GGX155; 4m @ 2.92 g/t Au from 37m, including 1m @ 7.68 g/t Au from 38m and 3m @ 1.67 g/t Au from 44m in hole GGX156;

• 3m @ 4.52 g/t Au from 23m, including 1m @ 11 g/t Au from 23m in hole GGX158; • 6m @ 2.79 g/t Au from 64m, including 1m @ 5.6 g/t Au from 66m in hole GGX162; • 2m @ 4.92 g/t Au from 15m, including 1m @ 7.44 g/t Au from 15m in hole GGX166; • 2m @ 6.27 g/t Au from 39m, including 1m @ 8.92 g/t Au from 39m in hole GGX168; • 3m @ 4.52 g/t Au from 50m, including 2m @ 6.53 g/t Au from 50m in hole GGX169; and • 5m @ 3.70 g/t Au from 49m, including 1m @ 7.69 g/t Au from 49m and 1m @ 6.45 g/t Au

from 52m in hole GGX170.

The full table of results from the drilling is presented in Table 2. Figure 5 shows collar locations, including previous drilling, and the currently proposed pit designs.

For

per

sona

l use

onl

y

of 16

Figure 5: Crow Deposit Drill Hole Layout (Plan) Results confirm a new parallel lode located to the southwest of the existing Crow deposit. These lodes have the potential to result in an additional pit or extension to the southwest of the existing Crow pit design (Figure 6), plus provide modest increases to the current Crow design pit depths. A further 500 m follow up drilling is planned to infill and further test strike extensions to the mineralisation. Gold mineralisation at Crow is hosted by two parallel zones of sheared, bedding disconformable, variably northwest-trending quartz vein arrays and shears, within weakly metamorphosed mudstone, siltstone and sandstone units of the Mosquito Creek Formation. The mineralisation dips approximately 80-85 degrees to the northeast. F

or p

erso

nal u

se o

nly

of 16

Figure 6: Cross Section GGX171 Harrier The Harrier deposit is located in the central portion of the Golden Gate area (Figure 2). It has a previously JORC (2004) reported Mineral Resource of 0.14 Mt at 1.8 g/t Au for 8,000 ounces (Table 4). In terms of JORC reported Ore Reserves, the current pit design at Harrier incorporates 38,000 tonnes at 2.0 g/t Au for 2,400 ounces (Table 5). A total of 15 holes for 787 metres were recently completed (Figure 7). Final fire assay results have now been received from ALS in Perth for all the recent holes. Results have been collated in conjunction with QAQC processing (Certified Reference Material standards & blanks, field and laboratory duplicates), which demonstrated acceptable performance.


• 2m @ 2.88 g/t Au from 58m in hole GGX198; • 6m @ 1.00 g/t Au from 16m in hole GGX206; • 21m @ 6.96 g/t Au from 6m, including 1m @ 20.00 g/t Au from 6m & 3m @ 20.00 g/t Au

from 8m in hole GGX207, and • 19m @ 2.51 g/t Au from 39m including 1m @ 5.49 g/t Au from 49m & 1m @ 6.81 g/t from

6m.

The full table of results from the drilling is presented in Table 3. Figure 7 details collar locations, previous drilling, and the currently proposed pit designs.

For

per

sona

l use

onl

y

of 16

Figure 7: Harrier Deposit Drill Hole Layout (Plan)

For

per

sona

l use

onl

y

of 16

Part of the recent drilling in the Harrier area was focussed on strike extension testing to the northwest, following up on results from earlier in 2013. Recent drilling results confirm that the extended Harrier mineralisation appears to flex to a west-southwest striking trend on the southern margins of the BillJim Shear Zone (Figure 7). The long intersections in hole GGX207 (and to a lesser extent in GGX206) strongly suggest that the hole was drilled down-dip, indicating the Harrier mineralisation is locally buckled to a southward dip in this area. A further 200 m follow up drilling is planned to confirm and further define the northwest portion of the mineralisation. Once this drilling is completed, new Mineral Resource and Ore Reserve estimates will be completed; a modest increase is expected over the 2009 estimates. Earlier infrastructure sterilization drilling to the north of Harrier in 2013 indicated some ore-grade anomalism between Harrier and G Reef. Recent infill drilling results in this area indicated that this mineralisation is patchy and discontinuous and did not merit further work. Gold mineralisation at Harrier is disconformable and mineralisation generally strikes northwest-southeast and dips 70 degrees to the northeast. Recent results suggest a small portion at the north-western margins of the deposit strikes west-southwest, and dips mod-steeply to the south. The mineralisation is hosted by strongly sheared, quartz vein arrays and shears, within weakly metamorphosed mudstone, siltstone and sandstone units of the Mosquito Creek Formation. Background The Nullagine Gold Project (Figure 1) has a 1.30 million ounce gold Mineral Resource (Table 2) and 712,800 ounce Ore Reserve contained within 7 deposit areas on granted mining leases (Table 3). The largest deposit is Golden Eagle located approximately 10 km south of the township of Nullagine and containing 62% of the total Mineral Resource inventory. The now fully operational gold processing plant has a capacity of 1.5 Mtpa and at forecast head grade of 1.7 g/t Au is targeted to produce 78,000 ounces gold annually. Brian Rear Managing Director ENQUIRIES: Brian Rear Managing Director

Telephone: +61 (8) 9216 9011

For

per

sona

l use

onl

y

of 16

Table 1. Significant Condor RC Assay Results Nullagine Gold Project

Condor RC Drilling Programme Significant Intercepts

Hole ID GDA East

GDA North RL Azm Dip Depth From To Length Au

(mE) (mN) (m) (deg) (deg) (m) (m) (m) (m) g/t GGX143 232625 7585826 392 231 -60 60 22 27 5 2.41

incl. 22 23 1 6.67 GGX144 232610 7585841 392 232 -60 40 17 19 2 11.07

incl. 17 18 1 16.30 GGX145 232604 7585863 394 232 -60 45 16 17 1 1.83

21 23 2 2.33 30 32 2 0.96

GGX146 232591 7585880 231 396 -60 72 NSA GGX147 232576 7585912 401 230 -60 117 98 102 4 1.57 GGX148 232545 7585893 400 257 -68 80 71 79 8 3.95

incl. 72 73 1 8.58 incl. 76 77 1 7.81

GGX149 232539 7585880 398 228 -60 60

NSA

GGX150 232450 7585987 452 244 -55 45 22 30 8 7.39

incl. 23 25 2 24.03 33 37 4 1.06

39 41 2 0.56

GGX151 232471 7585993 453 244 -70 70 57 60 3 1.37 GGX152 232487 7585976 443 231 -65 84 68 72 4 2.45

incl. 69 70 1 6.26 GGX153 232502 7585925 418 250 -75 90 41 54 13 1.63

63 65 2 0.70 GGX154 232533 7585935 419 237 -67 114 76 83 7 4.29

incl. 76 77 1 7.38 incl. 79 80 1 9.14

GGX164 232500 7585969 439 226 -65 126 72 73 1 2.64

For

per

sona

l use

onl

y

of 16

Table 2. Significant Crow RC Assay Results Nullagine Gold Project RC Drilling Programme Significant Intercepts

Hole ID GDA East

GDA North RL Azm Dip Depth From To Length Au

(mE) (mN) (m) (deg) (deg) (m) (m) (m) (m) g/t GGX155 233209 7585887 411 240 -55 70 27 29 2 0.83

31 32 1 1.24

37 41 4 2.92

incl. 38 39 1 6.88 GGX156 233184 7585903 419 270 -60 85 37 41 4 2.92

incl. 38 39 1 7.68

44 47 3 1.67

GGX157 233217 7585876 408 206 -55 80 NSA GGX158 233169 7585907 416 200 -60 75 23 26 3 4.52

incl. 24 25 1 11.25

30 31 1 6.67

GGX159 233196 7585875 411 206 -55 60 NSA GGX160 233154 7585890 416 270 -55 30 NSA GGX161 233194 7585878 412 240 -55 60 NSA GGX162 233123 7585912 413 067 -55 80

64 70 6 2.79

incl. 66 67 1 5.60 GGX163 233112 7585912 413 064 -62 85 NSA GGX165 233128 7585981 408 240 -53 70 46 48 2 1.70 GGX166 233272 7585913 389 221 -60 50

15 17 2 4.92

incl. 15 16 1 7.44 GGX167 233307 7585890 406 220 -60 70 29 30 1 1.57

39 40 1 1.34 GGX168 233304 7585893 405 265 -65 75 39 41 2 6.27

incl. 39 40 1 8.92 GGX169 233227 7585990 394 245 -65 80 50 53 3 4.52

incl. 50 52 2 6.53 GGX170 233210 7586005 405 250 -60 70 49 54 5 3.70

incl. 49 50 1 7.69

incl. 52 53 1 6.45

GGX190 233152 7586036 434 203 -65 100 NSA GGX191 233119 7586050 442 205 -55 30 NSA GGX192 233099 7586061 446 218 -60 60 NSA GGX193 233073 7586065 449 205 -60 50 NSA GGX194 233050 7586065 448 205 -60 40 8 10 2 0.86

For

per

sona

l use

onl

y

of 16

Table 3. Significant Harrier RC Assay Results Nullagine Gold Project RC Drilling Programme Significant Intercepts

Hole ID GDA East GDA North RL Azm Dip Depth From To Length Au

(mE) (mN) (m) (deg) (deg) (m) (m) (m) (m) g/t GGX195 232855 7586441 407 325 -60 66 NSA GGX196 232839 7586462 406 325 -60 30 NSA GGX197 232822 7586448 410 325 -60 30 NSA GGX198 232828 7586424 414 325 -60 60

58 60 2 2.88

GGX199 232816 7586424 415 325 -60 70 NSA GGX200 232804 7586416 415 325 -60 60 NSA

GGX201 232800 7586444 413 325 -60 40 NSA GGX202 232784 7586437 410 325 -60 30 NSA

GGX203 232775 7586408 409 325 -60 60 NSA GGX204 232766 7586425 409 325 -60 30 NSA

GGX205 232753 7586411 409 325 -60 66 NSA GGX206 232757 7586386 413 230 -60 50 3 5 2 0.64

16 22 6 1.02

28 45 17 0.78 GGX207 232755 7586389 413 260 -55 60

6 27 21 6.96

incl 6 7 1 19.50

incl 8 11 3 19.83

30 36 6 0.90

39 58 19 2.51

incl 49 50 1 5.49 incl 57 58 1 6.81 GGX208 232780 7586325 412 278 -60 65 NSA

GGX209 232707 7586406 409 185 -60 70 11 13 2 0.80 Notes:

1. Cut-off grades for reported results are: minimum 2 metres at ≥0.5 g/t Au, or 1 metre ≥ 1.0 g/t Au, maximum 2 m internal dilution.

2. All holes drilled with Reverse Circulation with face sampling hammer. 3. Easting and Northing is based on the GDA 94 datum. 4. All holes picked up by differential GPS (accurate to ≤0.01 metre but rounded in tables). 5. Azimuths are expressed as magnetic. 6. Intervals are expressed as metres downhole. 7. Assay method is 50 g fire assay, AAS finish. 8. Intersections greater than 10 g/t Au are rounded to the nearest gram. 9. NSA denotes No Significant Assays

For

per

sona

l use

onl

y

of 16

Table 4: Nullagine Gold Project Mineral Resource Estimate December 2012 (0.5 g/t Au Cut-off Grade) including mining depletion to 31 December 2012 Deposit Measured Indicated Inferred Total Mt Grade Mt Grade Mt Grade Mt Grade Ounces Au (g/t) Au (g/t) Au (g/t) Au (g/t) Golden Eagle2 13.24 1.21 4.40 1.03 4.17 1.06 21.82 1.15 805,000 Bartons3,6 1.72 1.21 1.44 1.17 0.55 1.12 3.71 1.2 141,000 Shearers3 0.59 1.27 1.48 1.01 0.26 1.00 2.33 1.10 81,000 Otways3 1.15 0.81 0.9 0.87 0.69 0.92 2.74 0.86 75,000 All Nations3 1.30 1.13 0.42 0.95 0.21 0.92 1.93 1.10 66,000 Little Wonder3 0.17 1.20 0.38 1.20 0.01 1.30 0.56 1.20 22,100 Golden Gate (ABCD Reef) 4,6 - - 0.58 3.24 0.11 2.60 0.68 3.12 69,000 Falcon5.6 - - 0.09 3.90 0.04 4.40 0.14 4.00 18,000 Condor5,6 - - 0.08 3.30 0.04 3.50 0.11 3.30 12,000 Harrier5,6 - - 0.10 1.80 0.04 1.80 0.14 1.80 8,000 Crow5.6 - - 0.02 4.50 0.02 4.50 0.04 4.50 5,000 G_Reef5,6 - - 0.03 2.10 - - 0.03 2.10 2,000 CCJV (50%)⁸ 0.62 1.32 0.36 1.18 0.35 1.13 1.34 1.23 52,900 Total 18.17 1.2 9.92 1.23 6.142 1.11 34.23 1.19 1,304,100

Notes: 1 Figures in Table may not sum due to rounding. 2 The Golden Eagle deposit was estimated using Multiple Indicator Kriging methodology for grade estimation by CSA Global. 3 The Bartons, Shearers, Otways, All Nations and Little Wonder deposits were estimated using Ordinary Kriging methodology for grade estimation by CSA Global. 4 The Mineral Resources at Golden Gate Golden Gate (ABCD reef) using Multiple Indicator Kriging methodology for grade estimation by Hellman and Schofield Pty Ltd. 5 The Mineral Resources at Golden Gate Golden Gate satellite deposits namely Falcon, Harrier, Crow, G-Reef and Condor were estimated using Ordinary Kriging methodology for grade estimation by CSA Global. 6 The Golden Gate and Bartons deposits are the subject of a mining licence agreement whereby Millennium has the sole and exclusive right to explore and mine gold and other minerals. Millennium then is required to pay 25% of the net proceeds to the tenement owners (Livestock Marketing Pty Ltd, Duncan Thomas Young, Simba Holdings Pty Ltd and Ronald Lane Swinney) after mining and processing cost deductions. 7 Mineral Resources estimates include stated Ore Reserves. 8 The Mineral Resources at the Camel Creek JV (CCJV) were estimated using Ordinary Kriging methodology for grade estimation by CSA Global. Only Millennium’s 50% interest is stated in the above table.

For

per

sona

l use

onl

y

of 16

Table 5: Nullagine Gold Project Ore Reserve Estimate December 2012

Prospect Proved Probable Total Ounces tonnes grade (g/t) tonnes grade (g/t) tonnes grade (g/t)

Golden Eagle 9,981,000 1.3 1,510,000 1.2 11,491,000 1.3 480,000 Bartons 1,144,000 1.4 498,000 1.4 1,642,000 1.4 73,000

All Nations 536,000 1.4 38,000 1.2 574,000 1.4 26,000 Shearers 532,000 1.3 388,000 1.2 920,000 1.2 37,000 Otways 336,000 1.0 78,000 1.0 414,000 1.0 13,000

Little Wonder 145,000 1.2 113,000 1.3 258,000 1.3 10,400 Golden Gate

ABCD 464,000 3.4 464,000 3.4 51,000 Condor² 72,000 3.1 72,000 3.1 7,300 Crow² 19,000 4.1 19,000 4.1 2,500

Falcon² 76,000 3.9 76,000 3.9 9,500 Harrier² 38,000 2.0 38,000 2.0 2,400 G reef² 11,000 2.0 11,000 2.0 700 Total 12,674,000 1.3 3,305,000 1.7 15,979,000 1.4 712,800

Notes: 1 Figures in Table may not sum due to rounding. 2 These deposits are collectively known as Golden Gate Area Satellite deposits.

For

per

sona

l use

onl

y

of 16

Qualifying Statement This release may include forward-looking statements. These forward-looking statements are based on Millennium’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Millennium, which could cause actual results to differ materially from such statements. Millennium makes no undertaking to subsequently update or revise the forward-looking statements made in this release, to reflect the circumstances or events after the date of this release. Competent Persons Statements – Exploration Results Mr I Hay (MAIG), a geologist employed full-time by Millennium Minerals Limited, compiled the technical aspects of this report. Mr Hay is a member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to this style of mineralization and type of deposit under consideration and to the activity that is being reported on 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 Hay consents to the inclusion in the report of the matters in the form and context in which it appears. Competent Persons Statements – Mineral Resources The information in this Report which relates to the Golden Eagle Mineral Resource estimate accurately reflects information prepared by competent persons (as defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves). The Golden Eagle deposit Mineral Resource estimate has been compiled and prepared by Dr Bielin Shi, (MAusIMM) of CSA Global Pty. Ltd. who is a Competent Person as defined by the Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2004 Edition and who consents to the inclusion in this report of the matters based on the information in the form and context in which it appears. The information in this Report which relates to the Shearers Mineral Resource estimate accurately reflects information prepared by competent persons (as defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves). The Shearers deposit Mineral Resource estimate has been compiled and prepared by Mr David Williams (MAusIMM, MAIG) of CSA Global Pty. Ltd. who is a Competent Person as defined by the Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2004 Edition and who consents to the inclusion in this report of the matters based on the information in the form and context in which it appears. The information in this Report which relates to the Otways Mineral Resource estimate accurately reflects information prepared by competent persons (as defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves). The Otways deposit Mineral Resource estimate has been compiled and prepared by Mr Shane Fieldgate (MAusIMM, MAIG) of CSA Global Pty. Ltd. who is a Competent Person as defined by the Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2004 Edition and who consents to the inclusion in this report of the matters based on the information in the form and context in which it appears. F

or p

erso

nal u

se o

nly

of 16

The information in this Report which relates to the Little Wonder and Golden Gate Satellite Mineral Resource estimates accurately reflects information prepared by competent persons (as defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves). The Little Wonder and Golden Gate satellite deposits Mineral Resource estimate has been compiled and prepared by Steven Hodgson, (MAIG) of CSA Global Pty. Ltd. who is a Competent Person as defined by the Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2004 Edition and who consents to the inclusion in this report of the matters based on the information in the form and context in which it appears. The information in this Report which relates to the Bartons, All Nations and Golden Gate ABCD reef Mineral Resource estimates accurately reflects information prepared by competent persons (as defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves). The reported Mineral Resource as it relates to Bartons, All Nations, and Golden Gate ABCD reef has been compiled by Mr Nic Johnson. Mr Johnson is a Member of the Australian Institute of Geoscientists and a former employee of Hellman & Schofield Pty Ltd. He has sufficient experience, relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking, to qualify as a Competent Person as defined in the ‘Australasian Code for Reporting of Mineral Resources and Ore Reserves’ of December 2004 (“JORC Code”) as prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists and the Minerals Council of Australia. The Competent Persons listed consent to the inclusion in the report of the matters based on their information in the form and context in which it appears. The information in this Report, which relates to the CCJV Mineral Resource estimate accurately reflect information prepared by competent persons (as defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves). The Otways deposit Mineral Resource estimate has been compiled and prepared by Dr Bielin Shi (MAusIMM) of CSA Global Pty. Ltd. who is a Competent Person as defined by the Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2004 Edition and who consents to the inclusion in this report of the matters based on the information in the form and context in which it appears. Competent Persons Statements – Ore Reserves The information in this Report, which relates to the Ore Reserve estimates accurately reflect information prepared by competent persons (as defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves). The information in this public statement that relates to the Ore Reserves at the Millennium Minerals Nullagine Project is based on information compiled by Mr Steve Lampron and Mr Daniel Tuffin. Mr Daniel Tuffin of Auralia Mining Consulting completed the Ore Reserve estimate. Mr Daniel Tuffin is a Member of the Australasian Institute of Mining and Metallurgy (#228649) and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that they are undertaking to qualify him as a Competent Person as defined in accordance with the Australasian Joint Ore Reserves Committee (JORC).

For

per

sona

l use

onl

y

further high grade rc drilling results at golden gate

Documents