WEEKLY BULLETIN:RSC MINERAL INTELLIGENCE

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Week 46 (12 - 18 November 2018)

SUMMARY2

Number of reports by code

2018: Week 46 overview

↑↓ shows increase or decrease compared to last week’s reporting

Reports included in this publication are from the public reporting domain, using

internationally recognised reporting codes and national instruments such as JORC,

SAMREC, NI43-101, PERC and other codes in line with CRIRSCO.

Exploration/Drilling Update, 75

Resource Estimation, 14

PEA, 3

Feasibility Study, 2

Supporting Acquisition, 2

59%36%

5%

NI43-101 JORC (no code)

Number of reports by report type

Number Change

New technical reports published 96 3↓

Amended

Clarified 0 1↓

Resource estimation reports 14 1↓

Maiden resources 1 2↓

Exploration/drilling updates 75 5↑

Other monitored reports

Filed NI43-101 technical reports 8 1↓

Environmental reports 0

Announced drilling 34 17↓

0

20

40

60

80

100

Nu

mb

er o

f R

epo

rts

52 week comparison: Announced drilling

2017/2018

2016/2017

0

20

40

60

80

100

120

Nu

mb

er o

f R

epo

rts

Drilling updates

2017/2018

2016/2017

0

20

40

46 48 50 52 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46

Nu

mb

er o

f R

epo

rts

Week number

Resource reports

Maiden resources

2017/2018

2016/2017

TRENDS3

Drilling updates increased this week, while announced drilling had a significant decline. Resource reports remain steady.

CORRECTED ANNOUNCEMENTS RELEASED THIS WEEK4

There were no corrected announcements this week.

Map does not include projects mentioned from announced drilling reports.

5 PROJECT LOCATIONS

↓↑ shows increase or decrease compared to last week's reporting

North America

Oceania

Africa

South America

Europe

Asia

Seabed Resources

Projects ChangeLocation

42

28

11

10

6

2

2↑

2↓

2↓

1↑

2↑

2↓

Reported projectMaiden ResourceMaiden Reserve

PROJECT COMMODITIES6

Down

Up

Precious Metals

Base Metals

Other Metals

65

31

1 1 1

Precious Metals

28

11

19

3

Copper Lead Zinc Nickel

Base Metals

5

2

9

2 2 1 1 1

Other Metals

1 1 1 1 1

Other

Silver 4

Zinc 4

Lead 3

Zircon 3

Lithium 2

Rutile 2

Coal 1

Ilmenite 1

Antimony 1

Germanium 1

Bismuth 1

Copper 1

Cobalt -5

Nickel -4

Gold -4

Vanadium -3

Uranium -3

Aluminium -2

Molybdenum -2

Graphite -2

Rare Earth -1

Scandium -1

Rubidium -1

Palladium -1

Platinum -1

Silica -1

1 1 12

3

Industrial Minerals

154

144

122

90

52

51

44

44

42

40

38

36

35

32

29

27

26

26

25

23

21

21

19

18

18

16

24

28

8

15

10

10

2

3

3

4

6

11

1

5

5

5

2

3

4

11

1

4

9

6

0 20 40 60 80 100 120 140 160 180

SRK Consulting (Undef. 35), (UK 31), (CA 42), (US 23), (AU 22).

Independent

CSA Global Pty Ltd. (Undef. 115) (UK 3)

Roscoe Postle Associates Inc.

Optiro Pty Ltd.

RPM Global/RPM Advisory/RungePincockMinarco Ltd.

Tetra Tech/Coffey Mining Ltd.

AMC Consultants Pty Ltd (Undef. 29),(CA 12),(UK 3).

Golder Associates

Cube Consulting Pty Ltd.

H&S Consultants Pty Ltd.

P&E Mining Consultants Inc.

Giroux Consultants Ltd.

Widenbar and Associates Pty Ltd.

Snowden Mining Industry Consultants Pty Ltd.

MPR Geological Consultants Pty Ltd.

Mine Development Associates

Micon International Ltd.

Wood Plc/Amec Foster Wheeler Plc

InnovExplo Inc.

MSA Group Pty Ltd.

Payne Geological Services

Trepanier Pty Ltd.

APEX Geoscience Ltd.

Mining Plus Consulting Pty Ltd.

Total reports

Maiden

5

2

1

1

1

1

1

1

1

1

1

0 2 4 6

Internal

Independent

APEX Geoscience Ltd.

Trepanier Pty Ltd.

IHC Robbins

Widenbar and Associates Pty Ltd.

H&S Consultants Pty Ltd.

Micon International Ltd.

AQ2 Pty Ltd.

CSA Global Pty Ltd.

Roughstock Mining Services

RESOURCE ESTIMATION REPORT AUTHORS7

Top 25 since Oct 2014

Note: Some reports can contain multiple resource QP's and consulting companies, therefore numbers may not add up to total. Reports are only counted where the resource status is maiden, updated or upgraded.

This Week

2

1

1

0 2 4 6

Internal

Not stated

CSA Global Pty Ltd.

53

42

40

34

33

18

17

17

16

16

14

11

13

11

11

10

10

9

8

8

7

7

6

6

6

14

2

11

7

5

5

5

1

4

2

2

4

3

3

1

5

1

4

3

1

3

3

1

0 20 40 60

SRK Consulting (Undef. 12), (UK 11), (CA 14), (US 10), (AU 6).

Roscoe Postle Associates Inc.

AMC Consultants Pty Ltd (Undef. 35),(CA 5).

Entech Pty Ltd.

Independent

Independent Mining Consultants Inc.

CSA Global Pty Ltd.

RPM Global/RPM Advisory/RungePincockMinarco Ltd.

Mining Plus Consulting Pty Ltd.

Golder Associates

Cube Consulting Pty Ltd.

Wood Plc/Amec Foster Wheeler Plc

Snowden Mining Industry Consultants Pty Ltd.

Auralia Mining Consulting

Optiro Pty Ltd.

Orelogy Pty Ltd.

Mine Development Associates

JDS Energy & Mining Inc.

P&E Mining Consultants Inc.

Micon International Ltd.

Mining One Pty Ltd.

Xenith Consulting Pty Ltd.

Minxcon Pty Ltd.

Practical Mining LLC

Nilsson Mine Services Ltd.

Total reports

Maiden

RESERVE ESTIMATION REPORT AUTHORS8

Top 25 since Oct 2014

Note: Some reports can contain multiple reserve QP's and consulting companies, therefore numbers may not add up to total. Reports are only counted where the reserve status is maiden, updated or upgraded.

This Week

SIGNIFICANT DRILL INTERSECTIONS OF THE WEEK

ASX Top 3:

TSX/TSX-V Top 3:

9

*between close of trade the day prior to the announcement and open of trade the day after the announcement date.** see metal prices and formula relevant to AuEq conversions on page 15.

Any of the companies mentioned in this week’s table should not use excerpts of this bulletin in their public reporting, including company presentations, websites or social media unless these comply with the relevant clauses of the reporting code for the respective jurisdiction. For ASX-listed companies, this includes clause 50 of the JORC Code (2012). Readers are also advised to review the cautionary statement on the last page of this bulletin.

SIGNIFICANT DRILL INTERSECTIONS OF THE MONTH: NOVEMBER10

ASX Top 5:

*between close of trade the day prior to the announcement and open of trade the day after the announcement date.** see details relating to AuEq conversions on page 15

Any of the companies mentioned in this week’s table should not use excerpts of this bulletin in their public reporting, including company presentations, websites or social media unless these comply with the relevant clauses of the reporting code for the respective jurisdiction. For ASX-listed companies, this includes clause 50 of the JORC Code (2012). Readers are also advised to review the cautionary statement on the last page of this bulletin.

TSX/TSX-V Top 5:

SIGNIFICANT DRILL INTERSECTIONS OF 2018 TO DATE11

ASX:

*between close of trade the day prior to the announcement and open of trade the day after the announcement date.** see details relating to AuEq conversions on page 15

Any of the companies mentioned in this week’s table should not use excerpts of this bulletin in their public reporting, including company presentations, websites or social media unless these comply with the relevant clauses of the reporting code for the respective jurisdiction. For ASX-listed companies, this includes clause 50 of the JORC Code (2012). Readers are also advised to review the cautionary statement on the last page of this bulletin.

SIGNIFICANT DRILL INTERSECTIONS OF 2018 TO DATE12

TSX:

*between close of trade the day prior to the announcement and open of trade the day after the announcement date.** see details relating to AuEq conversions on page 15

Any of the companies mentioned in this week’s table should not use excerpts of this bulletin in their public reporting, including company presentations, websites or social media, unless these comply with the relevant clauses of the reporting code for the respective jurisdiction. Readers are also advised to review the cautionary statement on the last page of this bulletin.

Click here for a summary table for all published reports for this week

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Disclaimer and Compliance Warning:The information in this weekly bulletin does not qualify as a Public Report as defined by clause 6 of the JORC Code (2012). It is not prepared for the purpose of informing investorsor potential investors or their advisors, and is not published for or on behalf of any of the companies mentioned in this bulletin. RSC has no equity or other interest in any of thecompanies mentioned in this bulletin.

A full list with links to all individual Public Announcements for each company mentioned in this information bulletin is provided through http://intel.rscmme.com. RSC takes noresponsibility for the compliance of those Public Reports, and it is up to each individual company to make sure that drilling intercepts are reported in a material and transparentmanner in compliance with the relevant reporting codes for the respective jurisdiction. For ASX-listed companies, the relevant JORC Code (2012) clauses are 4, 18, 19, and 50.Investors or potential investors using the information in this bulletin are recommended to download the full reports either directly from the company’s website or through the linksin weekly lists provided by RSC.

Drill intercept grades from week 46 have been converted into AuEq using the following metal prices (USD): $1,197.55/oz Au, $14.02/oz Ag, $6,127.00/t Cu, $1,907.50/t Pb,$2,586.00/t Zn https://www.quandl.com/collections/markets/commodities, https://commoprices.com, https://www.uxc.com or http://markets.businessinsider.com/commodities,http://markets.businessinsider.com/commodities/historical-prices/iron-ore-price.

The formula used to convert drill intercept grades to gold equivalence using stated metal price is as follows:

𝐴𝑢𝐸𝑞 𝑔/𝑡 =

𝑛=1

𝑧

𝐶𝑛 𝑔/𝑡 𝑥𝐶𝑛($/𝑔)

𝐴𝑢 $/𝑔

Where z is the number of listed components (e.g. Au, Ag, Pb, Cu, Zn, Li2O, Sn, Co etc) and Cn is the nth component in that list.

Gold has been chosen as the metal equivalent for all conversions as it is the most widely-used and best-understood benchmark to determine or appreciate the grade tenor of adrilling intercept.

Monthly and yearly intercept grades were converted to AuEq using metal prices from the week of the public announcement. To view previously used metal prices please see the RSC– Weekly Bulletin from the relevant week.

RSC has not investigated and is not aware of the detail of metallurgical recoveries used in the conversions for each drilling intercept mentioned in this bulletin. It is uncertain thatall the elements included in the metal equivalents calculations have a reasonable potential to be recovered and sold. For many projects at the Exploration Results stage mentionedin this information bulletin, metallurgical recovery information may not be available or able to be estimated with reasonable confidence. The reader needs to use reasonablecaution to avoid being misled in these instances.