Quarterly Report: June 2017

Highlights

Drilling and ground geophysical programmes underway following successful initial drilling at Mount Venn project
RAB/Aircore programme completed and RC drilling planned to further test and extend extensive gold mineralisation discovered at the Three Bears prospect. Previously reported intercepts included; 12m @ 1.19 g/t, 40m @ 0.36 g/t Au & 36m @ 0.47 g/t Au
Ground based Dipole-Dipole Induced Polarisation (IP) geophysics underway to test thick Zinc mineralisation discovered at the Rutters prospect. Mineralisation occurs within a felsic volcanic pile with pervasive pyrite – potential for VMS style base metal mineralisation
Previous shallow drilling at Rutters included intercepts of; 39m @ 0.23% Zn, 40m @ 0.12% Zn & 13m @ 0.25% Zn
RC drilling also planned at Rutters following target definition from the geophysical programme
Several prospective bedrock conductors defined occurring within the target stratigraphic horizon which contains the Mustang conductor at the Teutonic joint venture project
Rights to commence mining at the Parker Range iron ore project extended a further five years to 2022 by the Minister for Environment