Mineral Resources

Coburn Resource

Coburn HMS Mineral Ore Reserves Estimate – January 2010

JORC Category

Prospect

Ore

Million Tonnes*

HM

Grade

%

Zircon

%

Ilmenite

%

Rutile

%

Leucoxene

%

Proved

Amy Pit A

53

1.3

24

46

5

6

Probable

Amy Pits B-E

255

1.2

23

48

7

4

Total

 

308

1.2

23

48

7

5

*Cut-off grade applied is 0.8% HM

The valuable mineral assemblage listed above is expressed as a percentage of the total HM content of each ore reserve category.  Slimes average 2.7% of the ore and oversize 3.3%.

Refer to the ASX announcement dated 7 January 2010 for full details of the Ore Reserve estimate.  This Ore Reserve estimate has not been updated  to comply with the JORC code 2012 on the basis  that the information has not materially changed since it was last reported.

 

Coburn HMS Mineral Resource Estimate – January 2010

JORC Category

Ore

Million Tonnes*

HM

Grade %

Contained

HM Tonnes

Measured

119

1.3

1.5

Indicated

599

1.2

7.2

Inferred

261

1.4

3.6

Total

979

1.26

12.3

*Cut-off grade applied is 0.8% HM

Refer to the ASX announcement dated 7 January 2010 for full details  of the Mineral Resource estimate.  This Mineral Resource estimate has not been updated  to comply with the JORC code 2012 on the basis  that the information has not materially changed since it was last reported.