A JORC 2012 compliant resource was released for the three previously discovered porphyry deposits at Kharmagtai in April 2015. This resource is not NI-43-101 compliant. Key assumptions, data sources and data reliability/quality information relating to this resource can be found in the Kharmagtai Independent Technical report lodged on SEDAR.

See ASX announcement dated 19 March 2015 “Kharmagtai Maiden JORC Resource” for full details of resource estimation methodology and attributions. Note: All figures may not sum exactly due to rounding.

There are three deposits with resources at Kharmagtai, Stockwork Hill, White Hill and Copper Hill.

Section through the Stockwork Hill, White Hill and Copper Hill

Stockwork Hill consists of two high-grade outcropping stockwork zones, the northern and southern stockwork zones with a larger body of high grade tourmaline breccia at depth. White Hill consists of a much larger, moderate grade zone of stockwork mineralisation 800m south of Stockwork Hill. Copper Hill is a smaller, high-grade zone of stockwork mineralisation offset at depth by a low angle fault. Work is underway to determine the direction of off-set and the location of this offset mineralisation, as the grades at Copper Hill make this an attractive target.

Long Section through the Stockwork Hill deposit showing the two outcropping stockwork zones and high-grade tourmaline breccia

Cross section through the high grade Copper Hill deposit