PROMINENT HILL CONTAINED METAL PRODUCTION MARCH Q JUNE Q JUNE YTD 2015 TOTAL COPPER (TONNES) 31,160 32,991 64,151

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1 QUARTERLY REPORT SECOND QUARTER REPORT 2015 FOR THE THREE MONTHS ENDING 30 JUNE 2015 PROMINENT HILL CONTAINED METAL PRODUCTION MARCH Q JUNE Q JUNE YTD 2015 TOTAL COPPER (TONNES) 31,160 32,991 64,151 TOTAL GOLD (OUNCES) 32,874 24,790 57,664 C1 CASH COSTS (US cents/lb) OZ Minerals copper production hits five year high as new strategy rolls out OZ Minerals today released its second quarter production results and an update on its growth focused strategy; Quarterly copper production almost 50 percent above the previous corresponding period (PCP). The highest quarterly production result since Malu Underground commissioned three months early with one third of the capital build costs already returned in revenue. Recorded work injuries declining. Corporate restructure and relocation complete. All operational costs within guidance. Company debt free with A$410 million in cash (unaudited). Growth focused strategy implemented with due diligence occurring. Update provided to the market on long-term value of existing assets. Andrew Cole, Managing Director and CEO said, In April this year we announced our new growth strategy for OZ Minerals. Today s result is about beginning to deliver on that. A renewed sense of focus across the Company has seen costs tightly managed, production of copper up and new revenue generating opportunities, such as Malu Underground commissioned three months early. While the current performance of our existing operations is encouraging at this early stage in our new strategy, several of the third party assets that we ve reviewed for potential acquisition have not met the strict investment criteria we set. We continue to undertake due diligence on several other potential assets. Mr Cole provided an update on the Malu Open Pit at Prominent Hill. While the Malu Open Pit is expected to reach the end of its mine life in 2018, it will continue to generate revenue for a further four years. The value will be realised from the run of mine stockpiles until This will be further supplemented by the underground operations, said Mr Cole. At the end of 2018, our copper ore stockpiles will have between 30,000 to 40,000 tonnes of copper contained metal and 45,000 to 55,000 ounces of gold metal. Gold ore stockpiles will reach 450,000 to 500,000 ounces of contained gold metal. Mr Cole said, The nature of the copper market meant there would inevitably be price swings but there was demand for the upsurge in production. To look at what s happening in one corner of the commodities market and apply it across the market doesn t always make a lot of sense. Copper is a multi-country, multisector commodity while in uncertain economic times gold prices tend to lift. There is certainly no complacency on our part as to the challenges faced in the current economic conditions but rather a clear understanding of what we need to do to both meet those conditions and grow OZ Minerals. Andrew Cole Managing Director and Chief Executive Officer 21 July 2015

2 OZ MINERALS QUARTERLY ACTIVITIES TO 30 JUNE 2015 SAFETY OZ Minerals total recordable injury frequency rate per million hours worked was 6.36 at the end of June 2015, a decrease on the prior quarter (6.86). The lost time injury frequency rate also reduced to 1.27 (prior quarter: 1.72). Improving the Company s safety performance remains a key focus of management and to that effect a number of activities were undertaken in the second quarter, including commencing a mental health initiative and ensuring that senior management are continuously emphasising the concept of zero harm within the underground operation. PROMINENT HILL OPERATIONS PROMINENT HILL Overview Prominent Hill has built on its strong start to 2015 with another good quarter. Copper metal production was 32,991 tonnes for the quarter and 64,151 tonnes for the first six months. Gold production of 24,790 ounces for the quarter was below the prior quarter s result due to higher value copper feed being prioritised, resulting in lower levels of gold only ore in the mill feed. Year to date production of 57,664 ounces is on track to achieve annual guidance. The Malu Open Pit had another strong quarter with high levels of mining compliance to plan. The high levels of plan compliance are contributing to further integration of the mining and the marketing teams efforts under the Company s customer focus strategy. Underground operations continued to deliver high grade copper ore with 0.4Mt mined for the quarter. For operating and cost statistics please refer to Tables 2 and 3 on pages 6 and 7 of this report. MINING Malu Open Pit Operations at the Malu Open Pit continued as planned. Excavator and truck productivity metrics improved as compared to the prior quarter, despite the operation being interrupted by a number of large rain events. Ore mined in the second quarter was 2.5Mt consisting of 2.0Mt of copper-gold ore and 0.5Mt of gold only ore. Waste material movement in the second quarter was 9.9Mt, in line with the prior quarter of 9.9Mt. The year to date waste material movement of 19.8Mt is 17.4Mt less, or almost half, the corresponding period in 2014, reflecting the rapid, planned reduction in the Malu Open Pit strip ratio. Full year 2015 guidance in relation to the Malu Open Pit production and strip ratio remains unchanged. As previously disclosed, movement in the pit wall of the Malu Open Pit continues to be monitored and de-risking initiatives are being undertaken with expert input. Specific activities in the second quarter included review of hydrology information and the installation of further drainage within the southern areas of the open pit. Total expenditure on de-risking in 2015 is expected to total $5 million. Underground operations The Ankata mine maintained a consistent performance with 254,836 tonnes mined at an average copper grade of 1.86%. Mining from Malu Underground continued with 154,050 tonnes mined in the first quarter at an average copper grade of 1.65% and 0.51 g/t of gold. Effective 1 July 2015, the Malu Underground mine has been commissioned. This decision, which is reflective of the critical infrastructure relating to the Malu Underground being in place and the demonstrated ability to produce ore at commercial levels of production will result in recognition of both revenue and expense within the income statement. This is three months earlier than planned and reflects successful efforts to accelerate metal sales using production from Malu Underground. As at 30 June 2015, unaudited gross expenditure on the Malu Underground totalled $137 million. This amount will be offset in the accounts by net revenue prior to commissioning of $47 million. Since stoping commenced at the Malu Underground in 2014, approximately 0.45 Mt of ore has been mined, containing 11,000 tonnes of copper. The total cash expenditure on the construction stage of Malu Underground is still in line with previous guidance of $200 million. The remaining expenditure is focused on final infrastructure and development work. The early commissioning will result in an element of the previously advised 2015 expenditure being allocated to the income statement instead of the balance sheet. This allocation will be offset by the inclusion of revenue 2

3 relating to recovered metal from the Malu Underground. Processing In the quarter 2.6Mt of ore was milled with the plant continuing to perform well. A planned shutdown was completed safely in May despite challenging wet conditions. Plant recoveries remained high at 89 percent for copper and 72 percent for gold. Copper content in concentrate produced was 52 percent. During the quarter, the level of gold only ore feed to the mill was reduced as increased availability of copper was able to be prioritised. The level of gold only ore milled moving forward is expected to be minimal. This, combined with a continuing focus on operational improvements, has resulted in hourly mill throughput increasing. Costs C1 cash costs of production for the quarter were US75.3 c/lb of payable copper. C1 costs were higher than the previous quarter (US63.2 c/lb) due to lower gold production and lower inventory credits as milling rates increased. C1 costs for the six months to 30 June were US69.4 c/lb, below the annual guidance range. While C1 costs are expected to increase in the second half as Malu Underground costs are allocated to the income statement, annual C1 costs are expected to be at the lower end of 2015 guidance of US80 to 95c/lb Revenue and all costs for Malu Underground were capitalised in the second quarter. Open pit mining unit costs were $5.80 per tonne mined for the quarter, a similar result to the first quarter, reflecting a consistent and reliable open pit operation. Unit mining costs at Ankata increased to $41/t mined due to a reduction in tonnes mined after a strong first quarter production. This resulted in fixed costs being spread over a lower tonnage base. Processing and maintenance costs were in line with the previous quarter, with a planned shutdown completed in May. Treatment and refining charges were also in line with the prior quarter. Sales and Marketing Shipments of Prominent Hill concentrates for the quarter totalled 60,770 dry metric tonnes, containing 30,275 tonnes copper, 29,650 ounces of gold and 164,468 ounces of silver. In 2015, the Company is continuing its strategy of further diversifying its customer base through sales of customised concentrate to smelters, traders and blending operations. CARRAPATEENA PROJECT Work to enhance the value of the Carrapateena Project continued in the second quarter. Test samples of concentrate were sent to the Hydromet demonstration scale plant in Canada. The plant was wet commissioned in Q2, with concentrate treatment commencing in Q3. Engineering consultants were appointed to complete rail alignment, design and cost work relating to the potential for a rail line to move ore from Carrapateena to an expanded processing facility at Prominent Hill. Discussion with community and government stakeholders also continued over the quarter. GLOBAL EXPLORATION Jamaica potential earn-in to 80 percent Drilling of 13 holes for 3,613 metres was completed during the quarter, at the following prospects: Hendley Prospect - 8 holes for 2,141 metres Geo Hill Prospect - 3 holes for 1,108 metres Mab Hill Prospect - 1 hole in progress Charing Cross Prospect - 1 hole in progress Porphyry-style alteration, stockwork and chalcopyrite mineralisation were intersected at the Hendley and Geo Hill Prospects. Significant assay results from these prospects are listed in Table 1. Drilling in Q3 is planned for the Hendley, Charing Cross, Kola and Dry Hill Prospects. Canada Col-Later A drilling program was completed with gold mineralisation intersected but no copper of significance. OZ Minerals has notified its joint venture partner that it will be withdrawing from the joint venture. 3

4 Table 1 Assay Results from Hendley and Geo Hill Prospects, Jamaica Hole ID From To Interval Cu (%) Au (g/t) CuEq (%) HEN Including Including GOH Including Intervals calculated using unlimited internal dilution. Copper equivalents are calculated using a US $3.00/lb. copper and a US$1200 per ounce gold price assuming 100% recovery of both metals. All intersections are drilled lengths. Too little information is available to estimate true widths. Detailed information required under JORC 2012 can be found in Appendix 1 to this report. CORPORATE Relocation to Adelaide As announced in February the corporate functions previously conducted in Melbourne are relocated to Adelaide in mid Recruitment for the majority of roles is now complete. The Corporate office location formally transferred to Adelaide on 1 July The Company s registered office has also been moved to Adelaide with details available within this report. CORPORATE INFORMATION Webcast As is OZ Minerals established practice, a presentation associated with this Quarterly Report will be broadcast at 10am (AEST) on the day that the Report is lodged with the ASX. Access to this live broadcast is available to all interested parties via the OZ Minerals website ( and is archived on the website shortly thereafter for ongoing public access. The date of each Quarterly Report presentation is announced in advance and can be found on the OZ Minerals website. While we will endeavour to release the Report on the date provided in advance, we may bring the announcement forward if the relevant information is finalised earlier than expected or delay the Report if information is not final. ISSUED SHARE CAPITAL AT 20 JULY 2015 ORDINARY SHARES 303,470,022 SHARE PRICE ACTIVITY FOR THE JUNE QUARTER (CLOSING PRICE) HIGH $4.97 LOW $3.79 LAST $3.81 (20 JULY 2015) AVERAGE DAILY VOLUME 2.5 MILLION SHARES SHARE REGISTRY Link Market Services Limited Level 1, 333 Collins Street, Melbourne VIC 3000 Telephone Australia: (+61) Facsimile: +61 (2) registrars@linkmarketservices.com.au REGISTERED OFFICE Level 1, 162 Greenhill Road Parkside, South Australia, 5063, Australia Telephone: +61 (8) Fax: +61 (8) INVESTOR AND MEDIA ENQUIRIES CONTACT INVESTORS Tom Dixon Investor Relations Advisor Telephone: +61 (8) Mobile: +61 (0) tom.dixon@ozminerals.com MEDIA Damon Hunt Head of Corporate Affairs Telephone: +61 (8) Mobile: +61 (0) damon.hunt@ozminerals.com 4

5 Competent Persons Statement The information in this report that relates to exploration results in respect to the Hendley and Geo Hill prospects are based on and fairly represents information and supporting documentation compiled by Mr Hamish Freeman BSc (Hons), a competent person who is a member of the Australian Institute of Geoscientists. Mr Freeman is a full time employee of OZ Minerals Limited. Mr Freeman is a shareholder of OZ Minerals and is entitled to participate in the OZ Minerals Performance Rights Plan. Mr Freeman has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Freeman consents to the inclusion in the report of the matters based on this information in the form and context in which it appears. OZMINERALS.COM 5

6 OZ MINERALS PROMINENT HILL PRODUCTION & COSTS Table 2 Operating Statistics MARCH 15 JUNE 15 JUNE YTD 15 MINED (TONNES) MALU OP COPPER-GOLD ORE 2,015,181 2,018,658 4,033,839 MINED GRADE - SOURCE MALU OP - COPPER-GOLD ORE MALU OP - GOLD-ONLY ORE ANKATA - TOTAL ORE MALU UG - TOTAL ORE* MALU OP GOLD-ONLY ORE 837, ,193 1,297,682 ANKATA TOTAL ORE 343, , ,384 MALU UG TOTAL ORE 117, , ,448 WASTE 9,937,196 9,908,145 19,845,341 COPPER (%) GOLD (G/T) COPPER (%) GOLD (G/T) COPPER (%) GOLD (G/T) COPPER (%) GOLD (G/T) ORE MILLED (TONNES) 2,483,464 2,625,515 5,108,979 MILLED GRADE COPPER (%) GOLD (G/T) SILVER (G/T) RECOVERY COPPER (%) GOLD (%) SILVER (%) COPPER CONCENTRATE PRODUCED CONCENTRATE GRADE CONTAINED METAL IN CONCENTRATES PRODUCED TONNES 57,331 63, ,937 COPPER (%) GOLD (G/T) SILVER (G/T) COPPER (TONNES) 31,160 32,991 64,151 GOLD (OZ) 32,874 24,790 57,664 SILVER (OZ) 171, , ,482 TOTAL CONCENTRATE SOLD** (DM TONNES) 45,767 60, ,537 * In the first half of 2015, revenue and associated costs relating to concentrate attributable to the Malu Underground were capitalised. Concentrate sold during the quarter attributable to the pre commissioning ore from the Malu Underground mine was 12,851 dry metric tonnes, containing 6,811 tonnes of copper, 2,980 ounces of gold and 31,091 ounces of silver. **Excludes sales of third party concentrates. 6

7 Table 3 Operating Costs ( C1 Costs ) US CENTS PER POUND MARCH 15 JUNE 15 JUNE YTD 15 MINING COSTS DEFERRED MINING (43.4) (45.8) (44.7) ORE INVENTORY ADJ (7.3) (1.1) (4.1) TOTAL MINING COSTS TOTAL SITE PROCESSING COSTS TC/RC AND TRANSPORT NET BY-PRODUCT CREDIT (61.2) (43.4) (52.1) OTHER DIRECT CASH COSTS TOTAL C1 COSTS ROYALTIES OTHER INDIRECT COSTS TOTAL CASH COSTS D&A OTHER NON CASH COSTS (14.1) (5.7) (9.8) LOW GRADE GOLD ORE NET REALISABLE VALUE ADJUSTMENT TOTAL PRODUCTION COSTS

8 Table 4 Guidance ITEM RANGE/AMOUNT 2015 COPPER PRODUCTION 110,000 TO 120,000 TONNES COPPER PRODUCTION 1 105,000 TO 115,000 TONNES 2018 COPPER PRODUCTION 1,2 90,000 TO 100,000 TONNES GOLD PRODUCTION 1 100,000 TO 110,000 OUNCES PER ANNUM 2015 OPEN PIT TOTAL MOVEMENT 48MT TO 52MT 2015 OPEN PIT STRIP RATIO TIMES 2015 UNDERGROUND ORE MOVEMENT MT 2015 OPEN PIT UNIT MINING COSTS (INC GEOLOGY) $5.80-$6.10/T 2015 C1 COSTS US80 TO US 95 C/LB 2015 MALU UNDERGROUND CAPITAL EXPENDITURE $80M 2015 SUSTAINING CAPITAL EXPENDITURE $16M 2015 STUDIES AND EXPLORATION HYDROMET $19M OTHER STUDIES (RAIL, MALU DEEPS) $6M CARRAPATEENA DRILLING $5M GLOBAL DRILLING $8M OTHER CARRAPATEENA ACTIVITIES AND RETENTION LEASE $7M 1 The information that relates to Prominent Hill future production is extracted from the presentation entitled Earning the Potential to Grow Strategy Release released to the market on 20 April 2015 and is available at The Company confirms that it is not aware of any new information or data that materially affects the information contained in the original presentation and that all material assumptions underpinning the production target in the original presentation continue to apply Copper Guidance OZ Minerals wishes to clarify an inconsistency in the 2018 Copper Production guidance originally disclosed to the market on 20 April 2015 within Table 5 of the March 2015 Quarterly Report, this report inadvertently stated the range of 95,000 to 105,000 tonnes of copper. OZ Minerals confirms that the correct 2018 Copper Guidance is 90,000 to 100,000 tonnes as disclosed in the presentation entitled Earning the Potential to Grow Strategy Release released to the market on 20 April

9 APPENDIX 1: EXPLORATION DRILLING RESULTS HENDLEY AND GEO HILL PROSPECTS DRILL HOLE INFORMATION TABLE 5 Hole Name Total Depth (m) East (WGS84) North (WGS84) RL Dip Azim WGS84 From (m) To (m) Width (m) Cu % Au g/t CuEq % HEN HEN NSI HEN Including Including HEN HEN HEN HEN HEN Assays not yet received HEN Assays not yet received HEN Assays not yet received HEN Assays not yet received HEN Assays not yet received HEN IN PROGRESS Assays not yet received GOH Including GOH NSI GOH Including Including GOH Assays not yet received MAB Assays not yet received CRC Assays not yet received CRC Assays not yet received 9

10 APPENDIX 1: EXPLORATION DRILLING RESULTS HENDLEY AND GEO HILL PROSPECTS JORC 2012 Table 1 - Section 1: Sampling techniques and data Criteria Sampling techniques Commentary Exploration at the Hendley and Geo Hill prospects consists of diamond drilling from surface. All samples consist of diamond drill core (NQ3, HQ3, NTW and BTW) cut with a manual core saw and sampled as half core. The method of sampling is considered to be of an acceptable quality for the reporting of Exploration Results. Diamond drilling is used to obtain all samples. Predominantly 1m samples were obtained, but lengths range from 0.5m to 1.5m if adjusted to geological or major alteration boundaries. If core loss prohibits sampling on even metre intervals, sampling is based on individual runs (where runs are typically less than 1 m) The samples were crushed and pulverised to a nominal 95% passing -105 microns. The resulting pulp was assayed for a suite of 61 elements using a combination of Instrumental Neutron Activation Analysis (INAA) and ICP-MS, with over-range Cu analysed by ICP-OES. Sub-sampling, sample preparation, assay methods and assay quality are discussed in other parts of this table. Drilling techniques Diamond holes were cored from surface using a combination of HQ3, NQ3, NTW and BTW core sizes. Where ground conditions permitted holes were oriented, initially using ACT III core orientation tools. Drill sample recovery Length based core recovery was measured from core for every drill run. The data was recorded and archived in hard copy. Average recovery for reported holes is 98%. Drilling method and mud/water additives were selected to maximise drill core recovery. Logging All core samples were geologically logged by trained geologists to a standard considered appropriate for reporting of exploration drill results. Core logs were qualitative and quantitative in nature. Lithology, alteration and mineralisation were logged qualitatively and structure quantitatively. Core is photographed both dry and wet prior to logging. 100% of the core drilled was geologically logged. Sub-sampling techniques and sample preparation All core was cut with a manual core saw in a consistent way that preserved the bottom of hole reference line, where present. Half core was taken for sampling. Work reported is based solely on drill core. Sample preparation included drying, crushing to 90 per cent passing -2mm, rotary splitting 800 g, then pulverising this to 95 per cent passing -105 microns. Standard Operating Procedures (SOP's) exist for all sampling steps, and all staff adequately trained in these. Due to the early stage exploratory nature of the two drill holes reported no lab or field duplicates were taken. It is considered that sample sizes are appropriate for the grain size of the material sampled. 10

11 APPENDIX 1: EXPLORATION DRILLING RESULTS HENDLEY AND GEO HILL PROSPECTS Quality of assay data and laboratory tests Copper grades were determined using a multi-acid digest with ICP-MS finish. Over-range samples were analysed with ICP-OES. Gold grades were determined by INAA. Analysis was undertaken by Activation Laboratories, Ancaster, Ontario, Canada. The techniques are considered to be total for all relevant elements. Review of QAQC results confirms that the quality of the data is acceptable. Measurements of magnetic susceptibility have been taken on drill core. Assay data quality was monitored through submission of certified standards and blanks every 25 samples. Analysis of results from these samples showed that levels of bias, precision and contamination are within limits that are considered acceptable. Verification of sampling and assaying Documented verification of significant intervals by independent personnel has not been done. No twin holes have been drilled. Primary data is stored both in its source electronic form, and, where applicable, on paper. Assay data is retained in both the original certificate (.pdf) form, where available, and as text files received from the laboratory. Sampling cutsheets are imported into a GBIS database. The GBIS database has inbuilt validation checks and triggers to ensure data is correct. Primary assay.sif file data from the laboratory is receipted and stored in a GBIS database. Where assay results are below detection limit, a value of negative detection limit (eg. <2ppb for Au is stored as -2 ppb). The impact of this on the interpretation is negligible. Location of data points All collar locations were determined using a hand held GPS. All drill holes have magnetic downhole surveys taken at 50m intervals using digital Reflex EZ-Trac equipment. An azimuth adjustment of -7degrees was applied for the conversion from magnetic to WGS84 (zone 18N) Grid. The grid used is WGS 84 zone 18 north. Collar elevations were determined by handheld GPS. This is considered to be adequate for the reporting of exploration results. Data spacing and distribution Spacing of drill sites was sufficient for the early stage of exploration. No Mineral Resource or Ore Reserve estimates has been reported for the Hendley and Geo Hill prospects. Sample compositing has not been applied. Orientation of data in relation to geological structure Considering the deposit type, it is considered that the sampling is not biased by the sampling orientation. This is not considered material. Sample Security Audits or reviews Samples were sent via road transport from the Bellas Gate core processing facility by project staff to the shipping agent in Kingston and forwarded by air to the laboratory in Ancaster, Ontario, Canada. Chain of Custody documentation is compiled through the shipping process. Any discrepancy between listed and received samples was communicated back to site staff for resolution. No audit has occurred on the sampling of the holes specific to this release. 11

12 APPENDIX 1: EXPLORATION DRILLING RESULTS HENDLEY AND GEO HILL PROSPECTS JORC 2012 Table 1 Section 2: Reporting of exploration results Criteria Mineral tenement and land tenure status Commentary The Hendley, Geo Hill, Mab Hill and Charing Cross Prospects are located on SEPL 538 within St Catherine Parish, Jamaica. SEPL 538 is held in the name of OZ Exploration Pty Ltd which holds a 60% interest and by Carube Resources Jamaica Limited, a wholly owned subsidiary of Carube Copper Corp., who hold the remaining 40%. OZ Exploration Pty Ltd can earn up to 80 per cent equity in the tenement under a joint venture agreement with CarubeCopper Corp and Carube Resources Jamaica Limited. SEPL538 is held in good standing. Exploration done by other parties Geology Historic mapping and rock chip sampling were undertaken at Hendley. At Geo Hill and Mab Hill, Golden Ring Resources completed one diamond drill hole at each prospect in the early 1990s. At Charing Cross there is a historic mine which was open through the early to late 1850 s by Wheal Jamaica Mining Company. Since the closure of that mine several companies have conducted rock sampling within the workings and on surface, no drilling was undertaken. Preliminary interpretation suggests porphyry copper- gold mineralisation. Drill hole information Refer to Table 5. All information material to the understanding of the Exploration Results has been included. Data aggregation methods Relationship between mineralisation widths and intercept lengths Diagrams Balanced reporting Other substantive exploration data Further work All drill hole intervals referred to in this release are length-weighted and calculated with unlimited internal dilution. Copper equivalents are calculated using a US$3.00/lb. copper price and a US$1200 per ounce gold price assuming 100% recovery of both metals. These drill holes provide insufficient data to indicate mineralisation width. The geometry of mineralisation is not known. Mineralisation has been reported as down hole lengths, true width is not known. Plan view diagrams for the Hendley and Geo Hill prospects are detailed below. All significant Exploration Results are reported. There is no other material exploration data at this time. Nearby areas of possible mineralisation are currently being reviewed and drilled. 12

13 APPENDIX 1: EXPLORATION DRILLING RESULTS DRILL HOLE LOCATIONS PLAN VIEW HENDLEY PROSPECT GEO HILL PROSPECT *Intervals calculated using unlimited dilution. Note: Copper equivalents are calculated using a US$3.00/lb. copper price and a US$1200 per ounce gold price assuming 100% recovery of both metals. Intersections are drilled lengths only. Too little information is available to estimate actual true widths. 13