RESOURCES AND RESERVES
 
Blair Mine Resource (undiluted)
 
Location Category Resource Tonnes Nickel % Nickel Tonnes

01 & 03 Surfaces - Sulphide Resource

Measured

38,543
5.5
2,135
 
Indicated
34,658
4.0
1,374
 
Inferred
25,994
4.7
1,228
 
Sub-total
99,000
4.8
4,750
 
 
 
 
 

Area 57 - Sulphide Resource

Measured
3,000
5.9
180
 
Indicated
3,000
       5.8
170
 
Inferred
500
5.4
       30
 
Sub-total
6,500
5.8
380
 
 
 
 
 

Blair Mine Sulphide Resource

Total
105, 500
4.9
5,100

Table 1: Blair Mine Nickel Mineral Resource as at June 30th 2007

 

Blair Mine Reserve (Diluted)

Location Category Reserve Tonnes Nickel % Nickel Tonnes

01,03 Surfaces - Sulphide Reserve

Proved

58,780 3.6 2,116
  Probable 56,735 2.4 1,362
  Sub-total 115,000 3.0 3,500
         

Area 57 - Sulphide Reserve

Proved 6,981 2.4 168
  Probable 7,569        2.3 174
  Sub-total 14,550 2.3 340
         

Blair Mine Sulphide Reserve

Total 130,000 2.9 3,800

Table 2: Blair Mine Nickel Mineral Reserves as at June 30th 2007

The information in the table above that relates to Ore Reserves is based upon information compiled by Mr Neil Warburton,who is a Member of The Australasian Institute of Mining & Metallurgy. Mr Warburton  is a director of the company and has sufficient experience which is relevant to the style of mineralisation and the type of deposit under consideration and the activity in which he is undertaking to qualify as a competent person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves” (theJORC Code). Mr Warburton consents to the inclusion in this report of the information, in the form and context in which it appears

OTHER NICKEL RESOURCES
 
Location Category Resource Tonnes Nickel % Nickel Tonnes

Blair South – Sulphide Resource

Measured

0 0.00 0
  Indicated 0 0.00 0
  Inferred 74,000 1.35 1,000
  Sub-total 74,000 1.35 1,000
         

Marriott’s – Sulphide Resource

Measured

0 0.00 0
  Indicated 460,000 1.12 5,100
  Inferred 370,000 1.15 4,300
  Sub-total 830,000 1.13 9,400
         

Table 3: Other nickel sulphide resources as at November 14th 2007

 

GOLD RESOURCES

Woodline 1 Resource (UNDILUTED)

 
Location Category Resource Tonnes Gold
 g/t
Gold Ounces
Woodline 1        
  Indicated 123,000 2.9 11,500
  Inferred 5,000 4.6 700
  Total 128,000 3.0 12,200

Table 4: Woodline 1 resource as at June 30th 2007

The resource models in this report that relates to Mineral Resources were reviewed by Mr E Poole who is a professional geologist with 20 years experience and is a Member of the Australian Institute of Mining and Metallurgy (AusIMM). Mr E Poole is a full time employee of the Company. Mr Poole has sufficient experience which is relevant to nickel sulphide mineralisation and resource estimation to qualify as a competent person as defined in the December 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code. Mr Poole consents to the inclusion in this report of the information, in the form and context in which it appears.

 

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