Mineral Resource Statement

[1] Coalstoun Copper Deposit – Mineral Resource Statement and Disclaimer

Resource estimate figures for Coalstoun copper deposit, 0.3% Cu cut-off (minor rounding errors)

The Mineral Resources for the Coalstoun copper deposit was based on information evaluated by Mr Simon Tear who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code & Guidelines. Mr Tear is a director of H&S Consultants Pty Ltd and he consents to the inclusion of the estimates in the report of the Mineral Resource in the form and context in which they appear.

The information for the Coalstoun copper deposit that relates to exploration results is based on information compiled by Ms J. Hugenholtz, who is a Member of the Australian Institute of Geoscientists (MAIG). ­Ms Hugenholtz (Exploration Manager) is a full-time employee of ActivEX Limited and has sufficient experience relevant to the styles of mineralisation and types of deposit under consideration and the activities being undertaken to qualify as a Competent Person as defined by the 2012 Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). Ms Hugenholtz consents to the inclusion in this report of the Mineral Resource in the form and context in which it appears.

[2] Barambah Gold-Silver Deposit – Mineral Resource Statement and Disclaimer

Resource estimate figures for Barambah gold-silver deposit, 0.5g/t Au cut-off (minor rounding errors).

The Mineral Resources for the Barambah gold-silver copper deposit was based on information evaluated by Mr Simon Tear who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code & Guidelines. Mr Tear is a director of H&S Consultants Pty Ltd and he consents to the inclusion of the estimates in the report of the Mineral Resource in the form and context in which they appear.

The information for the Barambah gold-silver deposit that relates to exploration results is based on information compiled by Ms J. Hugenholtz, who is a Member of the Australian Institute of Geoscientists (MAIG). ­Ms Hugenholtz (Exploration Manager) is a full-time employee of ActivEX Limited and has sufficient experience relevant to the styles of mineralisation and types of deposit under consideration and the activities being undertaken to qualify as a Competent Person as defined by the 2012 Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). Ms Hugenholtz consents to the inclusion in this report of the Mineral Resource in the form and context in which it appears.