RESOUCE CALCULATION DETAILS AND METHODOLOGY

Table 1: Woodline 1 Resource by category

The Ore System

The north east striking reef system at Woodline 1 has been modelled over a strike length of 215 metres. The gold mineralisation is masked by 10 metres of transported soils, and the base of weathering is approximately 50 to 60 metres below surface.

As portrayed in Figure 1 and Figure 2 below, the deposit was modelled as four separate geological domains namely:

• A horizontal ‘perched’ zone some 10 metres below the surface and containing 2,072 ounces.
• A steeply dipping quartz ‘reef’ system containing 7,549 ounces.
• A horizontal ‘supergene’ zone some 40 metres below the surface and containing 1,906 ounces.
• An inferred hangingwall reef containing 718 ounces.

Fig 1: Woodline 1 model viewed from south and above

Figure 2: Woodline 1 model viewed from East and below

Resource Table by Category

Table 2: Woodline 1 by Resource Category and 5 metre bench.

Resource Model Parameters

Resource Evaluations modelled the resource using the following parameters:

• 1g/t cut off grade
• RC holes used to construct and grade the model (RAB holes were excluded)
• Grade Interpolation by Inverse distance Square
• Specific Gravity as follows:

For further information contact:

Brett Young
Chief Operating Officer
Tel: 08 9481 5811

Released on behalf of Australian Mines
by Farrington Corporate Services Pty Limited
Phone 02 9332 4448