Kajeena Mining Company Pty Ltd Annual Group Report for ...

Kajeena Mining Company Pty Ltd

Annual Group Report

for

Exploration Licences:

10383, 10385, 10386, 10387

Period: 2nd September 2010 – 1st September 2011

LICENCEE: Kajeena Mining Company Pty Ltd OPERATOR: Pacific Consulting Services Pty Ltd MAP SHEETS: Mount Liebig SF5216 1:250K Mount Rennie SF5215 1:250K AUTHOR: Pacific Consulting Services Pty Ltd DATE: November 2011

Distribution

Department of Business, Industry and Resource Development, Northern Territory


AMETS

1

Contents

Summary .......................................................................................................................... 2

1. Introduction ............................................................................................................. 3

2. Location & Environment .......................................................................................... 3

3. Tenure, Land Access and Heritage Clearances ...................................................... 4

4. Geology .................................................................................................................. 5

5. Current Exploration ................................................................................................. 6

6. Proposed Exploration for 2011-2012 ...................................................................... 7

7. References.............................................................................................................. 8

List of Figures

Figure 1: Tenement Location Plan....................................................................................... 2 Figure 2: EL 10386 initial relinquishment.............................................................................. 3Figure 3: EL 10387 initial relinquishment.............................................................................. 4

Appendix 1: An Initial Data Compilation and Targeting Review

Appendix 2: Tenement Expenditures

2

Summary In 2011, Pacific Consulting Services Pty Ltd (PCS) were commissioned as a geological consultant to KMC, in place of Teck Australia Pty Ltd. PCS recommended and produced a 1st draft of an initial data compilation and targeting review, which encompasses historical exploration data on and adjacent to the tenements, tenure statuses, geological and geophysical datasets, and exploration targeting. Historically, access impediments have resulted in limited exploration. PCS therefore believe the current tenements have potential for significant mineralisation, including base metals and uranium, however, due to remoteness and lack of infrastructure, exploration in this region will be comparatively expensive. For the next tenure year, 2011‐2012, PCS recommended an on‐ground review of the tenements, from which a detailed exploration proposal can be formulated and undertaken.

3

1. Introduction

An agreement between Teck Australia Pty Ltd and Kajeena Mining Company was established in 2002 to explore for base metals (Zn, Cu, Pb) and nickel over numerous tenements in the Warumpi Province of the Arunta. A Deed with the Central Land Council was executed in 2008 following successful negotiation with Traditional Owners to explore tenements 10383, 10385, 10386 and 10387. As of June 2011, Pacific Consulting Services Pty Ltd was employed as consultants to Kajeena Mining Company.

This annual group report details the work undertaken for the period 2nd September 2010 to 1st September 2011 ‐ the third year of exploration.

2. Location & Environment

The tenements are located approximately 270km W‐NW of Alice Springs and extend non contiguously to the Western Australian border, a further 220km as shown in Figure 1. The area is semi‐arid with variable vegetation, casuarina, wattle and eucalypts. Significant outcrop is generally limited to resistive Heavitree Quartzite and soils are Aeolian with occasional areas of lag and calcrete. Termite mounds are infrequent.

Figure 1: Tenement Location Plan

4

3. Tenure, Land Access and Heritage Clearances EL # Status Date Effective Grant Status Area (SBKS) Area (km2)

Date Granted Expiry Date

10383 Reduction retained 2/09/2008 2/09/2008 1/09/2014 288 875




Negotiations with Traditional Owners to grant the tenements were successful, with the tenements granted on 2nd September 2008 following execution of an Access Deed with the Central Land Council.

Following preparation and submission of a work plan, a heritage survey was coordinated with the assistance of the Central Land Council over EL’s 10386 and 10387. The resulting report excluded areas from exploration approximating the relinquished areas A‐F in Figure 2, and areas A‐E in Figure 3. Without the possibility of accessing the areas, the ground was relinquished.

Figure 2: EL 10386 Initial Relinquishment

5

Figure 3: EL 10387 Initial Relinquishment

4. Geology EL10383 predominantly comprises geology of the Aileron Province, with the south‐western corner straddling the Warumpi Province and part of the Amadeus Basin extending to the north‐west. Beneath the drift, the Aileron Province geology is typically indicated to comprise metamorphic schists and metagreywackes occasionally intruded with mafic amphibolite sills (Lander Rock Beds), and further intruded by doleritic‐gabbronitic dykes (Du Faur Suite). The remaining geology comprises metamorphosed foliated quartzite (Warumpi Province Sandy Blight Quartzite), and sedimentary conglomeritic sandstone and interbedded siltstones (Amadeus Basin Heavitree Quartzite). EL10385 comprises geology of the Warumpi Province, with the north‐western and southern extents comprising part of the Amadeus and Canning Basins. Beneath the drift, the Warumpi geology generally comprises a combination of mafic and felsic igneous granodiorite (Waluwiya Suite), charnokite (Russel Charnokite of Waluwiya Suite) gabbro (Yaya Domain), and calc‐silicates (Yaya Metamorphic Complex). In addition, intrusive granites (Gunbarrel Granite of the Illili Suite) are present in the south‐west. The remaining geology comprises sedimentary conglomeritic sandstones and interbedded siltstones (Amaedus Province Carnegie Formation), and sandstone breccias (Canning Basin Ligertwood Beds). EL10386 geology is predominantly of the Warumpi Province and Amadeus Basin. Underlying the drift, the geology is indicated to comprise a combination of igneous intrusives (Warumpi Province Waluwiya Suite) across the northern part, and calc‐silicates (Warumpi Province Yaya Metamoprhic Complex) across the mid‐area. The southern part of the tenement is likely to comprise a combination of granites (Warumpi Province Udeor Granite) and sandstone conglomerates (Amadeus Heavitree Quartzite). The majority of EL10387 geology comprises Warumpi Province, with part comprising the Amadeus Basin. Beneath the drift, the majority of the Warumpi geology is made up of felsic igneous granodiorites (Yaya Domain), granites; leucogranites; and metamorphic schists (Udor Granite; Peculiar Complex; and Putardi Quartzite of the Haasts Bluff Domain). The Amadeus geology is conglomeritic sandstones (Heavitree Quartzite).

6

5. Current Exploration 2008‐2009 Exploration undertaken by Teck Australia undertook targeting involving the integration of expert weighted layers of geology, structural data, magnetic and spectral anomalies, resulting in the delineation and prioritisation of exploration targets. This process is described in detail in the 2008‐2009 annual report 2009‐2010 Teck Australia Pty Ltd undertook heritage clearances which were completed over prospective areas of EL’s 10386 and 10387, resulting in large areas of prospective ground being excluded from exploration. Reconnaissance sampling was completed over the remaining areas with soil (231 No.), rockchip (19 No.), leaf (215 No.) and termite (1 No.) samples collected. No additional sampling was completed over EL’s 10383 and 10385. Areas excluded from exploration were later relinquished. In collaboration with the NTGS, Teck Australia funded a regional gravity sampling program infilling 4km spaced sampling with 1km and 2km spaced sampling. Due to inclement weather delaying the sampling program, the data was not received until the 29th of October 2010. The purpose of acquiring the data was to support regional targeting, particularly for IOCG and other intrusive related systems. Whilst the data was being collected, prospect scale exploration was advanced at the Glam Rock prospect on EL10386. Detailed prospect scale exploration was completed at Glam Rock, following up the presence of trace copper in meta‐sedimentary rocks previously encountered during regional sampling. The program comprised 100m spaced ground magnetic traverses and 200m x 200m grid sampling of soil (317 No.), leaf data (274 No.) and collection of rockchips (55 No.), supporting detailed mapping and petrography. Typical grades of copper mineralisation from prospective units range 0.15% to 0.25% Cu with elevated gold values to 132ppb, and associated As, Bi, Ag, and Sb. Total strike length of prospective stratigraphy interpreted from ground magnetics and from soil geochemistry is 2.5km x 0.5km. Mineralisation appeared to be limited to discrete horizons of metasediment interleaved with barren calc‐silicate/amphibolites lithologies. The potential for a large intrusive related system at Glam Rock was downgraded with no significant mineralisation identified and the elevated magnetic response being attributed to magnetite‐rich stratigraphy, resulting from metamorphism of Fe‐rich protoliths. The nature of copper and gold anomalism remains in question. Two other geochemical anomalies were identified from regional sampling. “Glam West” is a multi‐element base metal and gold anomaly interpreted from leaf geochemistry. “Arrow” is a multi‐element base metal anomaly interpreted from soil geochemistry. No further work was completed during this period.

7

2010‐2011 Kajeena Mining Company Pty Ltd resumed operation of the tenements in 2011, and Pacific Consulting Services Pty Ltd (PCS) were commissioned as geological consultants to KMC in June 2011. PCS recommended an initial data compilation and targeting review, encompassing historical exploration data on and adjacent to the tenements, tenure statuses, geological and geophysical datasets, and exploration targeting. A 1st draft copy of this review can be found in Appendix 1. In summary, historic exploration on and around the current tenements show KMC hold a strategic land package in this prospective and underexplored region. The CLC access impediments have resulted in limited exploration, and therefore PCS believe the current tenements have potential for significant mineralisation, including base metals and uranium. Exploration in this region will be comparatively expensive due to the remote location, lack of infrastructure, and cost of relationship maintenance.

6. Proposed Exploration for 2011-2012

Completion of detailed data compilation and targeting review;

Initial on‐ground review of tenements;

Detailed exploration proposals will be formulated based on the Data Compilation and Field Review;

Work program meetings with the CLC and TO’s.

Geological mapping, geophysical surveys and soil and rock sampling may be utilised to aid targeting for initial RAB drilling.

8

7. References Claoue‐Long et al 2005, Proterozoic mafic–ultramafic intrusions in the Arunta Region, central Australia: Part 2: Event chronology and regional correlations, Precambrian Research

Cross et al 2005, Summary of results. Joint NTGS‐GA geochronology project : southern Arunta region.

Frater in prep 2006, Mineral Potential of the 1690‐1600 Ma Warumpi Province.

Hoatson et al 2005, Proterozoic mafic–ultramafic intrusions in the Arunta Region, central Australia: Part 1: Geological setting and mineral potential

Hunt, D., 2010, Glam Rock ground magnetic survey ‐ May/June 2010.: Perth, Teck Australia Pty Ltd, p. 27.

Isbell, R., 2002, The Australian Soil Classification. Australian Soil and Land Survey Handbooks Series 4., CSIRO Publishing, 152 p.

McClay, K., 1987, The Mapping of Geological Structures: West Sussex, England, John Wiley & Sons.

NTGS 1:250K Explanatory Notes, Mount Leibig, Mount Rennie, NTGS (various)

Pain, C., Chan, R., Craig, M., Gibson, D., Ursem, P., and Wilford, J., 2000, RTMAP Regolith Database, field book and users guide (Second Edition). CRC LEME Report 138 (Draft), CRC LEME.

Purvis, A., 2010a, Mineralogical Report No. 9649 ‐ Rock Samples, West Arunta.: Adelaide, Pontifex & Associates Pty Ltd.

Purvis, A., 2010b, Mineralogical Report No. 9735 ‐ Rock Samples, West Arunta.: Adelaide, Pontifex & Associates Pty Ltd.

Scrimgeour et al 2006, High‐T granulites and poly metamorphism in the southern Arunta Region, central Australia: Evidence for a 1.64Ga accretional event.

Wyborn et al 1998, A newly discovered major Proterozoic granite‐alteration system in the Mount Webb region, central Australia, and implications for Cu–Au mineralisation. AGSO Research Newsletter 28.

9

Appendix 1

An Initial Data Compilation and Targeting Review

1st Draft

An Initial Data Compilation and Targeting Review

on Exploration Licences

10383, 10385, 10386 and 10387

for


by

Pacific Consulting Services Pty Ltd

June 2011

1

1. Contents

1. Contents ................................................................................................................ 1

2. Introduction ........................................................................................................... 2

3. Tenure ................................................................................................................... 3

4. Geological Overview ............................................................................................. 5

5. Data Review of Individual Granted Tenements .................................................... 9

6. Uranium in the Region ........................................................................................ 33

7. Kajeena Mining Company’s Competitors in Vicinity of Granted EL’s .................. 36

2

2. Introduction Kajeena Mining Company Pty Ltd (KMC) hold 23 tenements in the Warumpi Province – Amadeus Basin District of the Northern Territory. Geographically covering the area between Alice Springs and the Western Australian border. The underlying land title is generally Aboriginal Freehold Land (ALRA) administered by the Central Land Council. The Kajeena tenements cover the highly prospective and underexplored Warumpi Province and Amadeus Basin metasediments. The Warumpi province is prospective for base metals (Cu-Pb_Zn), Ni-Cu-Co and Au. The Amadeus is prospective for U (EL 10391, 10392, 10394, 24090, 10393, 10395 24667 & 24190). Teck Australia Pty Ltd has been conducting exploration on granted EL 10383, 10385, 10386 & 10387 under an arrangement with KMC. The status of the Deed with the CLC is not known. Exploration only covered EL 10386 and 10387. These tenements cover in part the Iwupataka Metamorphic Complex which is noted as highly prospective. It is unclear as to why EL 10383 & 10385 were not explored. The following review attempts to pull together a range of sources, including:

Historic exploration data; Tenement status, including Deeds with CLC and potential for uranium

exploration; Geological and geophysical datasets; Competitors activity, tenements and results; Exploration target appraisal;

3

3. Tenure

Table 1: KMC’s EL Status’ and Information

EL Info on Holdings of Kajeena Mining Company Pty Ltd - 28th June 2011

No. EL # Status Date Effective Consent Date ALRA Negotiations Advertised Date Area (SBKS) Area (km2)

Date Granted Expiry Date Start Date Expiry Date Expiry Date

1 10383 Granted 2/09/2008 2/09/2008 1/09/2014 384 1164

2 10384 Revised application 3/09/2009 22/10/1999 30/06/2012 186 585.29

3 10385 Granted 2/09/2008 2/09/2008 1/09/2014 419 1,320

4 10386 Reduction retained 2/09/2010 2/09/2008 1/09/2014 140 441.15

5 10387 Reduction retained 2/09/2010 2/09/2008 1/09/2014 344 1084.92

6 10388 Application 4/05/1999 22/10/1999 7/12/2010 7/12/2015 500 1610

7 10389 Application 4/05/1999 22/10/1999 7/12/2010 7/12/2015 500 1610

8 10390 Application 4/05/1999 22/10/1999 25/11/2005 25/11/2010 30/10/2012 499 1,532.00

9 10391 Application 4/05/1999 22/10/1999 25/11/2005 25/11/2010 30/10/2012 174 560

10 10392 Revised application 20/11/2003 25/11/2005 25/11/2010 262 822.2

11 10393 Application 4/05/1999 22/10/1999 4/11/2009 4/11/2014 500 1610

12 10394 Application 4/05/1999 22/10/1999 25/11/2005 25/11/2010 30/10/2012 264 803.7

13 10395 Application 4/05/1999 22/10/1999 4/11/2009 4/11/2014 370 1191

14 23795 Application 4/05/1999 22/10/1999 4/11/2009 4/11/2014 56 176.8

15 23796 Application 4/05/1999 22/10/1999 4/11/2009 4/11/2014 34 107.2

16 23797 Application 4/05/1999 22/10/1999 4/11/2009 4/11/2014 9 28.37

17 23798 Application 4/05/1999 22/10/1999 28/11/2002 28/11/2007 31/10/2011 65 204.7

18 23801 Application 4/05/1999 22/10/1999 4/11/2009 4/11/2014 114 359.5

19 24088 Application 4/05/1999 22/10/1999 4/11/2009 4/11/2014 14 44.17

20 24089 Application 4/05/1999 22/10/1999 4/11/2009 4/11/2014 24 75.74

21 24090 Application 4/05/1999 22/10/1999 25/11/2005 25/11/2010 30/10/2012 126 396

22 28489 Application 29/11/2010 3/05/2011 16/02/2011 38 119.81

23 28490 Application 29/11/2010 3/05/2011 16/02/2011 2 6.31

Veto Moratorium StatusGrant Status

4

Figure 1: Overview of KMC’s EL’s

5

4. Geological Overview

Figure 2: Geological Overview of KMC’s EL’s

6

Geological Regions likely to be Encountered on Current Granted Tenements

As taken from NTGS & Geoscience Australia. Amadeus Basin Lithology: Sedimentary: dolostone, limestone, shale,

sandstone, siltstone, quartzite, evaporite, diamictite, conglomerate.

Epoch Min: Carboniferous.

Epoch Max: Neoproterozoic.

Age Min: 350 Ma.

Age Max: 850 Ma.

Summary: A large intracratonic sedimentary basin that was initiated as part of the Central Australian Superbasin and was substantially affected by intraplate tectonics.

Relationship: Overlies the Warumpi and Aileron provinces to the north and Musgrave Province to the south. Overlain by Eromanga and Pedirka Basins to the southeast.

Thickness: Up to 14 km.

Economic: Hosts Mereenie oil and gas field and Palm Valley gas field in Ordovician Larapinta Group rocks. The Cambrian/Neoproterozoic Dingo, Orange and Ooraminna gas fields, and the Ordovician West Walker discovery are potential gas producers. The basin also contains sandstone-type uranium deposits at Angela and Pamela, and gold at White Range in the Arltunga Nappe Complex. Minor base metal and small-scale mines are also present.

Exploration: BHP, CRA, MIM and other organisations have explored the northwestern part of the basin for base metals. Extensive uranium exploration has been undertaken. Also explored for evaporites. More than thirty wells have been drilled to investigate petroleum in a 170 000km2area.

Metamorphism: Generally unmetamorphosed; minor highly deformed rocks interleaved with basement in the northeast and southwest are greenschist to amphibolite facies.

7

Warumpi Province Lithology: Metamorphic, igneous and volcanic: variably metamorphosed

clastic sediments, metavolcanic rock, cordierite granulite, calc-silicate rocks, dolerite, mafic rock, granite.

Epoch Min: Palaeoproterozoic.

Epoch Max: Palaeoproterozoic.

Age Min: 1600 Ma.

Age Max: 1690 Ma.

Summary: Forms part of the Arunta Region. A poly-deformed late Palaeoproterozoic orogenic domain interpreted to be an exotic terrain emplaced that accreted onto the North Australian Craton.

Relationship: Faulted contact with the Aileron Province. Overlain by the Amadeus Basin to the south.

Thickness: N/A.

Economic: Minor known base metal mineralisation, but considered highly prospective.

Exploration: Effectively unexplored. A significant exploration target for base metals, gold and mafic-hosted Ni-Cu mineralisation.

Metamorphism: Greenschist to granulite facies. Ngalia Basin Lithology: Sedimentary: limestone, shale, sandstone, siltstone, quartzite,

glacial sediments.

Epoch Min: Carboniferous.

Epoch Max: Neoproterozoic.

Age Min: 300 Ma.

Age Max: 1000 Ma.

Summary: A Neoproterozoic to Palaeozoic intracratonic basin that was initiated as part of the Centralian Superbasin.

Relationship: Unconformably overlies, and is faulted against, the Aileron Province.

Thickness: Up to 6 km.

Economic: Minor gas shows. Contains significant sandstone-hosted uranium mineralisation.

Exploration: Major target for sandstone-hosted uranium. Limited exploration for oil and gas.

Metamorphism: Unmetamorphosed.

8

Canning Basin Lithology: Sedimentary: limestone, shale, sandstone, siltstone.

Epoch Min: Cretaceous.

Epoch Max: Ordovician.

Age Min: 65 Ma.

Age Max: 490 Ma.

Summary: A large intracratonic basin that occurs mainly within WA, with only a small portion of the basin extending into NT.

Relationship: Within the Northern Territory, unconformably overlies the Tanami Region and Murraba Basin.

Thickness: Up to 1 km thick within NT.

Economic: No known occurrences in NT. Hosts oil and gas and MVT type base metal deposits in WA.

Exploration: Little exploration in the NT part of the Basin.

Metamorphism: Unmetamorphosed. Aileron Province Lithology: Age: Relationship: Metamorphism:

Siltstones, quartz arenites, quartzo-feldspathic sandstones and minor greywackes. Deposition age of 1860 Ma Succession is interpreted to form part of the broadly defined Lander Rock Beds package. Suite of dolerite sills and minro pyroxenites of Dufaur Suite intruding the Lander Rock Beds. Partly metamorphosed.

9

5. Data Review of Individual Granted Tenements EL10383

Land Access With the exception of the sand ridges, the majority of the central tenement area is relatively flat‐lying, with the exception of the outcropping rock in the north‐eastern, mid‐eastern, and south‐western areas. Unsealed roads provide access to the eastern and southern part of the tenement. Geology The majority of EL10383 comprises geology of the Aileron Province, with the south‐western corner straddling the Warumpi Province and a ‘slither’ of Amadeus Basin extending north‐westwards from the southernmost extent. Due to the main tectonic events which brought these 3 main geological regions together, faulting is reasonably prevalent in the south‐western part of the tenement. The main fault is the east‐west Central Australian Suture, a strike‐slip fault which separates the Aileron and Warumpi, with several other subsidiary faults. The Amadeus geology appears to owe its presence to two northwest‐southeast orientated faults. The tenement is predominantly covered in Quaternary aeolian sand, deposited in NW‐SE orientated sand ridges. Localised irregularly shaped calcrete outcrops are also present at surface, with Colluvium in the far western and eastern parts of the EL. Beneath the drift, the majority of the Aileron geology appears to comprise the ‘Lander Rock Beds’ (LRB) – a quartz biotite‐muscovite schist and metagreywacke, occasionally with mafic amphibolite sills. The LRB appear to have been later intruded by thin doleritic‐gabbronoritic dykes (Du Faur Suite), roughly orientated east‐west. Whilst not indicated on the Mt Rennie map, due to drift, a granite/gneiss (Andrew Young Igneous Complex) may be present in the mid‐western part of the EL. The Warumpi geology comprises Sandy Blight Quartzite – a metamorphosed foliated quartzite and quartz‐muscovite schist. The Amadeus geology comprises the Heavitree Quartzite – a sedimentary succession of sandstone, conglomeratic sandstone, and siltstone. Exploration History * All government and open‐file data available in exported spreadsheets in project folder. Whole Rock Samples Within the tenement itself, 4 No. ‘Whole Rock’ samples have only been taken historically, no dates. 1 of the samples was of ‘metamorphosed mafic’ and 1 was of ‘granite’ (both sampled by NTGS), the other 2 sample lithologies are not identified (sampled by Geoscience Australia).

10

Whole Rock samples generally revealed low concentrations, with the following slightly elevated.

Sample ID

Lithology Cu (ppm)

Zn (ppm)

Ni (ppm)

Cr (ppm)

Ba (ppm)

Location

4799351 115 87 97 600 ‐

5125854 ‐ ‐ ‐ ‐ 825

4999994 ‐ ‐ ‐ ‐ 375

Surrounding the tenement, of particular interest were the following elevated concentrations:

Sample ID Lithology Ni (ppm) Ba (ppm) Cr (ppm) Location

4821589 norite ‐ ‐ 1800

Mid‐E of EL 4821559 ferricrete 1600 ‐ 2950

4821574 norite ‐ ‐ 1700

4799366 ferricrete 2100 3500 2600

Soils & Vegetation No soil sampling has been conducted on the tenement itself. Surrounding the tenement, a total of approx. 97 samples have been obtained, between a BHP and Tanami Gold JV. Of the samples, the following elevated concentrations are of interest:

Sampler Sample ID Bi (ppm) Co (ppm) Location

BHP 6753183 5540 ‐ Mid E lines

BHP 6753876 ‐ 1310 NE next to drill hole

BHP 6757996 ‐ 1870 Line east to 2 DH soil lines

BHP 6762774 ‐ 4880 Mid E lines

The December 2010 Annual Group Report produced by Teck Australia, for KMC’s 4 granted EL’s, mentions 323 vegetation samples which were obtained on EL10383 and EL10385 in 2008. This data however cannot be found and review of the analyses is therefore not possible. Stream Seds No stream sediment samples either in or in near vicinity of tenement. Rock Chips No rock chips have been taken within the tenement, however, the following elevated concentrations have been obtained in the near vicinity.

11

Sampler Sample ID Ni (ppm) Ba (ppm) Cr (ppm) Location

BHP GG3818 ‐ ‐ 2800

Mid‐E of EL BHP GG3821 1220 ‐ 1010

BHP GG3822 1950 ‐ 1950

BHP GG3819 2430 ‐

Drillholes No drillholes within the tenement. 5 No. RC drillholes were advanced (total 682m) in the late 1990’s. Assay data is currently unavailable – waiting on NTGS. Uranium Potential No assay results on or around tenement provide elevated U concentrations. Radiometrics display typically slightly elevated U concentrations over the igneous/mafic intrusions exposed at the surface. An elevated U concentration, however, is shown just to the east of the fault bifurcation in the SW part of the tenement. calcrete outcrop, or fault concentration. Possibly more mineralisation present buried beneath the drift.

Figure 3 EL10383 Topographic Information

12

Figure 4 EL10383 Geology

Figure 5 EL10383 Magnetics

13

Figure 6 EL10383 Gravity

Figure 7 EL10383 Government & Open File Mineral Exploration Data

14

Figure 8 EL10383 Ternary Radiometrics

15

EL10385

Land Access The tenement’s topography appears to gradually increase south‐eastwards, from approx. 500m in the west, up to 570m in the south‐eastern corner. Unsealed roads provide access to the western part of the tenement. Sand ridges across the majority of the tenement generally appear sparse, with an increase towards the south‐western and south‐eastern areas. In addition, an ‘Operational building’ is also present in the south‐western corner of the tenement. Geology The majority of EL10385 comprises geology of the Warumpi Province, with the north‐western corner and southern extents part of the Amadeus and Canning Basins. The main fault, the roughly northeast‐southwest orientated Yuwalki Fault, follows the divide between the Warumpi and Amadeus geology in the south‐western part of the EL, however, is shown to cut through the Warumpi geology in the eastern part of the EL. Numerous other north‐east to east‐west orientated inferred faults are to be present across the tenement, generally shown to be extensions of the Yuwalki Fault. The tenement is predominantly covered in Quaternary aeolian sand, deposited in NW‐SE orientated sand ridges – the ridges most common in the south‐western and south‐eastern area. Extensive areas of ‘soil’ and alluvium are present within the central to northern area of the EL, with more localised colluvium and calcrete outcrops. Hard rock exposure appears to be very limited and scattered. Whilst it is very difficult to understand the geology due to the limited exposure, the Warumpi geology generally comprises a combination of mafic and felsic igneous rocks of granodiorite (Waluwiya Suite), charnockite (Russell Charnockite of Waluwiya Suite) and hornblende‐bearing foliated gabbro (Yaya Domain). In addition, granite (Gunbarrel Granite of the Illili Suite) is shown to be present in the south‐western corner towards the Yuwalki Fault. Metamorphic diopside‐quartz‐anorthite‐titanite [calc‐silicate rock] (Yaya Metamorphic Complex) is also shown within the central area. The south‐western corner is shown to have some of the best exposure on the tenement. It appears to comprise a combination of the Amadeus and Canning Basins – the latter being the most southerly. The Amadeus geology comprises the Carnegie Formation, a sedimentary succession of sandstone, conglomeratic sandstone, and siltstone. The Canning Basin geology shows a large exposure of the Ligertwood Beds, sandstone breccias. In addition, a small claypan is shown within the south‐western part of the tenement on the topographic plan.

16

Exploration History * All government and open‐file data available in exported spreadsheets in project folder. Whole Rock Samples Within the tenement itself, 6 No. ‘Whole Rock’ samples have only been taken historically, no dates. All samples were taken by NTGS with 4 samples being granite, 1 of gabbro, and 1 unknown lithology. Whole Rock samples generally revealed low concentrations, with the following elevated.

Sample ID

Lithology Ni (ppm) Ba (ppm) Cr (ppm) Location

4783726 Granite ‐ 600 ‐ SW EL

4799111 Granite ‐ 650 ‐ Mid‐N EL

4821679 Gabbro 155 150 ‐

5117932 ‐ 1100 200 3050


Sample ID

Lithology Ni (ppm) F (ppm) Cr (ppm) Mn (ppm) Location

4787717 amphibole schist

950 ‐ 2050 ‐ Mid‐S of EL

5126303 ‐ ‐ 1054 ‐ ‐ SW of EL

5126724 ‐ ‐ ‐ ‐ 1273 NW of EL

Soils & Vegetation No soil sampling has been conducted on the tenement itself, nor in the near vicinity. The December 2010 Annual Group Report produced by Teck Australia, for KMC’s 4 granted EL’s, mentions 323 vegetation samples which were obtained on EL10383 and EL10385 in 2008. This data however cannot be found and review of the analyses is therefore not possible. Stream Seds No stream sediment sampling has been conducted on the tenement itself, nor in near vicinity. Rock Chips No rock chip sampling has been conducted on the tenement itself, nor in near vicinity.

17

Drillholes No drillholes within the tenement. 2 No. exploration petroleum drill holes have however been advanced to the south of the south‐eastern corner of the tenement. These exploration holes were undertaken by Central Petroleum Ltd, date unknown. Both of these holes have been identified as ‘suspended’. No further information is available. Mines 2 No. gravel pits are present to the north and north‐west of the tenement. Uranium Potential No assay results on or around tenement provide elevated U concentrations. Radiometrics do not display any elevated U concentrations at shallow depth over the tenement. Potassium is indicated to have a relatively higher concentration across the majority of area.


18



19


Figure 13 EL10385 Government and Open File Mineral Exploration Data

20


21

EL10386

Land Access With the exception of sand ridges, the majority tenement area is relatively flat‐lying. An unsealed road cutting through the most northern part of the tenement appears to provide the only access. Geology EL10386 predominantly comprises geology of the Warumpi Province, with the southern part being part of the Amadeus Basin. The main fault cutting through the tenement is the Yuwalki Fault, and again, only appears to follow part of the Warumpi‐Amadeus ‘suture’; several other east‐west orientated inferred faults are shown to extend from the Yuwalki Fault in the southern area. A few other east‐west faults are also indicated in the northern extent of the EL, extending from a heavily faulted igneous (Waluwiya Suite) exposure immediately to the north‐west. The tenement is predominantly covered in Quaternary aeolian sand, deposited in NE‐SW orientated sand ridges, with alluvium/colluviums deposits also present in the south‐western area. Exposure is very limited, with indication that the igneous Waluwiya Suite extends across into the northern part of the tenement, and presence of diopside‐quartz‐anorthite‐titanite [calc‐silicate rock] (Yaya Metamorphic Complex) across the mid‐area. Whilst not included within the tenement boundaries, the southern‐most part of the tenement is likely to comprise a combination of Warumpi granite (Udor granite), and Amadeus crystalline quartz sandstone conglomerate (Heavitree Quartzite) ‐ faulted / igneous intruded. Exploration History * All government and open‐file data available in exported spreadsheets in project folder. Whole Rock Samples Within the tenement itself, 7 No. ‘Whole Rock’ samples have been taken historically. All samples were obtained by NTGS, un‐dated. Whole Rock samples generally revealed low concentrations, with the following elevated.

Sample ID Lithology Cu (ppm) Ba (ppm) Cr (ppm) Location

4779898 Calc‐silicate rock 2200 ‐ 270 Mid‐N EL

4779912 Calc‐silicate rock ‐ ‐ 210

4779883 Granite ‐ 500 ‐

N EL

4821904 Granite ‐ 500 ‐

4821919 Granite ‐ 600 ‐

4824427 Gabbro 100 ‐ 390

5168367 Gneiss ‐ 645 ‐

22


Sampler Sample ID Lithology Ba (ppm) P (ppm) Ni (ppm) F (ppm) Location

NTGS

4799231 Granite 1000 ‐ ‐ Mid‐N of EL

5168035 Gneiss ‐ ‐ ‐ 750

NW of EL 5168157 Granite ‐ ‐ ‐ 820

5168208 Granite ‐ ‐ ‐ 750

4783910 Gabbro ‐ ‐ 500 ‐

4779927 Granite 1315 909 ‐ ‐ NW of EL (on boundary)

4779956 Granite ‐ 676 ‐ ‐

W of EL 4799052 Granite 954 774 ‐ ‐

Geosci Aus 5240569 ‐ ‐ ‐ ‐ 416

Soils & Vegetation Reconnaissance soil and vegetation sampling was undertaken by Teck Australia Pty Ltd, on behalf of Kajeena Mining Company Pty Ltd, in November 2009. More detailed ‘prospect sampling’, was undertaken at Glam Rock (NE of tenement) as a result of the above soil samples. This comprised a 200 x 200m grid spaced area sampled for soil and vegetation. From combination of the soils, veg and a field‐portable XRF, Results revealed elevated Cu, Au, Ag, As, Bi, Sb, and locally Zn. Teck believed the anomalies were considered ‘geochemical smoke’, despite widespread malachite and bornite mineralisation. In addition, Teck identified Glam West as a potential multi‐element base metal and gold anomaly, based on their leaf geochemistry. Stream Seds No stream sediment samples either in or in near vicinity of tenement. Rock Chips Rock chips samples were obtained as part of the reconnaissance sampling undertaken by Teck in November 2009. Whilst they are unclear as to how many samples they took, etc, in their report they highlighted 5 samples taken from the Glam Rock area which provided concentrations ranging up to 50ppb Au and 718‐6107ppm Cu. Drillholes No drillholes within or in the vicinity of the tenement.

23

Uranium Potential No assay results on or around tenement provide elevated U concentrations. Radiometrics do not display any elevated U concentrations at shallow depth over the tenement. Potassium and Thorium is indicated to have a relatively higher concentration across the majority of northern area.


24



25



26


27

EL10387

Land Access With the exception of sand ridges, the majority tenement area is relatively flat‐lying. (the highest points, i.e. Mt Udor, etc, were excluded from the original EL application). Several localised ‘Native Vegetation Areas (Forest or Shrub)’ are scattered around the tenement. In addition, a few water points/bores are present in the area, one of which is located within the southern boundary of the northern half, and ‘Lizard Bore’ on the north‐eastern corner of the tenement. Access can be gained via an E‐W unsealed road which passes through the northern half of the tenement. Geology The majority of EL10387 comprises geology of the Warumpi Province, with only the south‐western and south‐eastern tips of the tenement comprising Amadeus Basin geology. The main fault cutting through the centre of the tenement again is the east‐west orientated Yuwalki Fault, with indication of thrusting in the easternmost part. The tenement is predominantly covered in a combination of Quaternary aeolian sand, alluvium, and soil/colluviums; the former deposited in NE‐SW orientated sand ridges in the southern half of the area. The majority of exposure is outside of the EL’s boundaries (perhaps due to being more significant and higher areas of ground), however, this geology can probably be assumed to underlay the drift within the EL... Generally the Warumpi geology in this area comprises felsic igneous rocks of granodiorite (Yaya Domain), granite (Udor Granite, Haasts Bluff Domain), and leucogranite (Peculiar Complex, Haasts Bluff Domain). Metamorphic rock of quartz‐muscovite schist (Putardi Quartzite, Haasts Bluff Domain) is also present within the southern half of the EL (south of igneous exposure). From what is exposed of the Amadeus geology, the crystalline quartz sandstone conglomerate (Heavitree Quartzite) is present within the southern extents of the EL and/or faulted/thrusted within parts of the Warumpi geology. Exploration History * All government and open‐file data available in exported spreadsheets in project folder. Whole Rock Samples Within the tenement itself, 7 No. ‘Whole Rock’ samples have been taken historically. All samples were obtained by NTGS, un‐dated.

28

Whole Rock samples generally revealed low concentrations, with the following elevated.

Sample ID Lithology Ba (ppm)

4795556 Granite 700

4795598 Granite 700

4824457 Granite 700

5168828 Granite 1217


Sampler Sample ID Lithology Ba (ppm) Ni (ppm)

NTGS

4795671 Dolerite ‐ 550

4824442 Meta Mafic ‐ 390

5117996 ‐ 1000 ‐

Soils & Vegetation Reconnaissance soil and vegetation sampling was undertaken by Teck Australia Pty Ltd, on behalf of Kajeena Mining Company Pty Ltd, in November 2009. The results of the soil assays revealed elevated Cu (up to 25ppm), Pb (up to 11ppm), and Zn (up to 52ppm) in the northern part of the tenement, identified as the ‘Arrow’ area. Conversely, the leaf samples did not concur with the soil assays. Stream Seds No stream sediment samples have been taken within the tenement. Numerous samples have however been taken to the east of the tenement area. These samples were obtained by NTGS in August 2000.

Sampler Sample ID Mn (ppm) Zn (ppm) Ti (ppm)

NTGS 7632570 421 ‐ ‐

NTGS 7632597 446 ‐ ‐

NTGS 7633489 545 ‐ ‐

NTGS 7633570 923 ‐ ‐

NTGS 7633597 448 ‐ ‐

NTGS 7633651 406 ‐ ‐

NTGS 7678190 1771 105 27694

NTGS 7678217 835 ‐ ‐

Results also generally showed concentrations of Ti of up to 1000‐2000ppm.

29

Rock Chips Rock chips samples were obtained as part of the reconnaissance sampling undertaken by Teck in November 2009. Teck do not disclose any additional information on these rock chips. Drillholes No drillholes within or in the vicinity of the tenement. Uranium Potential No assay results on or around tenement provide elevated U concentrations. Radiometrics do not display any significantly elevated U, Th or K concentrations at shallow depth over the tenement.


30



31



32


33

6. Uranium in the Region

Amadeus Basin Uranerz Australia Pty Ltd (Uranerz) commenced exploration for sandstone uranium deposits in the Amadeus Basin in 1972. Reconnaissance airborne spectrometry and ground surveys in 1972 identified several anomalies south of Alice Springs (Borschoff & Faris, 1990). Drilling of these anomalies during 1973 and 1974 led to the discovery of the Angela and Pamela deposits. From the mid‐1970s onwards the project was a joint venture between Uranerz and Carpentaria Exploration Company. Further drilling and mapping showed that the uranium mineralisation occurred along a redox boundary within sandstones of the Undandita Member of the Brewer Conglomerate. From 1975 to 1979 the Angela and Pamela deposits were delineated by detailed percussion and diamond drilling. A number of smaller zones of mineralisation associated with the Angela deposit were also drilled. Geology The uranium deposits are within the Undandita Member (sandstone) of the Brewer Conglomerate which is the youngest unit in the Amadeus Basin. The Undandita Member is the uppermost unit of the Pertnjara Group, a thick sequence of terrigenous sediments of Late Devonian to Early Carboniferous age. The Undandita Member comprises fine to coarse‐grained lithic sandstones, and medium to coarse‐grained lithic arkose interbedded with thin mudstone units. This sequence interfingers with the Brewer Conglomerate south of the MacDonnell Ranges and reaches a maximum thickness of 3000m in the Missionary Syncline, 15 km south of Alice Springs. The sediments are generally oxidised, but a wedge‐shaped zone of reduced sandstone is preserved within the sequence (Borschoff & Faris, 1990).

Ngalia Basin Uranium mineralisation was discovered in the vicinity of the Ngalia Basin (NT) in 1970 when a prospector employed by Central Pacific Minerals NL found radioactive gossanous material in a quartz vein in a granite of the adjacent Arunta Complex to the north of the basin. This prospect was later named Rankins Reward. Further ground prospecting located carnotite in outcrops of the Mount Eclipse Sandstone. The Bigrlyi deposit was discovered in 1973 by ground radiometric traversing and follow‐up drilling. Uranium mineralisation was subsequently found in thirteen separate zones in the Mount Eclipse Sandstone (Fig. 35) (Ivanac & Spark, 1976; Fidler, Pope & Ivanac, 1990). In 1973, uranium mineralisation was discovered in Quaternary and Recent calcrete in the southern part of the basin.

Geology The Ngalia Basin is an elongate, intracratonic downwarp filled by Neoproterozoic and Palaeozoic strata. The basement rocks are highly deformed metamorphics, granites and sediments of the Palaeoproterozoic Arunta Block (Wygralak & Bajwah, 1998). Continental and marine strata of Neoproterozoic, Cambrian, Ordovician, Devonian and Carboniferous age comprise the Ngalia Basin sequence. The sequence has been divided into eleven formations with a maximum aggregate thickness of about 7500m (Wells & Moss, 1983). Most formations are bounded by unconformities. The strata are mainly arenaceous, with interbedded dolomite and shale. Uranium mineralisation is in the lower part of the Late Devonian to Late Carboniferous Mount Eclipse Sandstone. The host rocks are medium‐ to coarse‐grained feldspathic sandstone with carbonate commonly forming a cement. The

34

sandstones are mainly red, but restricted zones of light to dark grey are also present (Fidler & others, 1990). Minor amounts of shale, siltstone, conglomerate and dolomite are interbedded with the sandstone. The sandstone along the northern margin of the basin is thrust‐faulted and folded. Carnotite is the main ore mineral in the weathered sandstone, with uraninite in the primary zone. Carbonaceous material, including plant remains, is common in the reduced parts of the sandstone. Quaternary calcrete containing minor carnotite mineralisation has formed in the southern part of the basin where there is a broad area of lagoons, salt‐pans and stream meanders related to the present drainage system. Genesis Uranium mineralisation in the Ngalia Basin is closely associated with those parts of the Mount Eclipse Sandstone that contain carbonaceous detritus. Prior to diagenesis, run‐off from the surrounding highlands permeated the sandstones and migrated into the sediments. In the oxidising environment these waters transported uranium and vanadium which were released from the basement rocks by weathering (Fidler & others, 1990). This uranium and vanadium precipitated in the reducing environment created by the presence of carbonaceous material and pyrite in the sandstones.

35

Sandstone‐type uranium occurs on the northern margin of the Amadeus Basin in the Late Devonian Undandita Member of the Brewer Conglomerate. This is the youngest preserved unit of the Amadeus Basin succession and consists of fluviatile pebbly sandstone, minor siltstone and conglomerate Ref’s: ‐ Australia’s Uranium Resources, Geology And Development of Deposits, A.D. McKay and Y.

Miezitis, Mineral Resource Report 1, 2001; ‐ Uranium Deposits of the NT, Report 20, J.H. Lally & Zu Bajwah, 2006.

36

7. Kajeena Mining Company’s Competitors in Vicinity of Granted EL’s

Please refer to ‘KMC Nearby Granted Competitors' EL's in the NT Over NTGS Geology’ plan and spreadsheet for location of EL’s, located at the end of this section. Additional notes on competitors, including in the Ngalia Prov to the north of KMC’s tenements, are located in the Notes and Research folder.

SOUTHERN TANAMI EXPLORATION EXPLORATION PTY LTD EL’s in vicinity: EL10073 – Warumpi Prov EL10074 – Warumpi/Aileron Prov EL10075 – Warumpi Prov EL10076 – Warumpi/Aileron Prov No information.

LASSACT PTY LTD EL’s in vicinity: EL6732 – Warumpi Prov EL6861 – Warumpi/Aileron Prov EL10379 – Warumpi Prov No information.

FRANKENFELD LUTZ EDGAR EL’s in vicinity: EL23414 No information.

ABM RESOURCES NL http://www.abmresources.com.au EL’s in vicinity: EL8696 – Aileron Prov (Te Anau & Taupo deposit [iron oxide‐copper‐gold]) EL8697 – Aileron Prov (Manapouri deposit) EL9442 – Aileron Prov EL9449 – Aileron Prov (Whakatiptu & Tekapo deposit [iron oxide‐copper‐gold]) Corporate Profile: Following the completion of the Newmont transaction, ABM holds 28,000km2 of exploration licenses and exploration license applications throughout the Tanami and Arunta regions. The Company considers that this region is one of the most underexplored gold provinces in

37

Australia with the potential to host multiple world‐class gold discoveries in excess of 5 million ounces. ABM’s main project is ‘Twin Bonanza’ in the Tanami Region of the NT. Lake Mackay Project

The Lake Mackay Project area is located approximately 400km west-northwest of Alice Springs in the Northern Territory. Reconnaissance work by Tanami Gold and other previous explorers revealed several areas of enhanced anomalism in copper, gold and other base metals.

ABM has completed data integration and targeting on three prospects with multiple targets in the Lake Mackay Area. In addition, results from a recent Induced Polarization geophysical survey have been received.

Previous shallow RAB drilling intersected up to 16m @ 3.4g/t gold; 4m @ 2.67% Cu at the Tekapo prospect with Rock Chips up to 32.58g/t Au. The regolith geochemistry and shallow drilling defined a copper-gold-bismuth anomaly over 1.2km by 0.6km and the induced Polarization Survey reveals underlying modelled chargeability anomaly of 2km x 2km.

38

The Taupo prospect displays an anomalous corridor 8km by 1km defined by surface lag sampling and shallow RAB drilling.

39

DEEP YELLOW LTD

http://www.deepyellow.com.au EL’s in vicinity: EL24246 – Aileron Prov (Napperby) (‘Ranger’ U deposit – small size, located in QI, superficial enrichment) EL24547 – Amadeus Basin (Nonouba U deposit – ‘occurrence’ size, located in Brewer Cgl.

Roll front mineralisation) (Daria – as Nonouba) EL24606 – Aileron Prov (Lake Lewis) EL25698 – Aileron Prov EL25701 – Aileron Prov Uranium deposits in EL:

‐ Angela – medium sized deposit, located in the Brewer Conglomerate. Roll front

mineralisation.

‐ Pamela – as above.

The target within the majority of the tenement areas is near surface calcrete‐hosted uranium mineralisation similar to the Napperby deposit. The potential for this style of mineralisation occurring in shallow buried channels (palaeochannels) downstream from ‘hot granites’, can be rapidly assessed by remote sensing utilising night‐time aster imagery or by airborne electromagnetic surveys with follow‐up 1 to 2 kilometres spaced shallow drill traverses. Roll‐front uranium mineralisation is also being targeted at Nonouba west of Alice Springs. The western Napperby Project exploration licence is considered prospective for both styles of uranium mineralisation. Napperby: EL24606 & EL24246 Napperby calcrete‐hosted uranium deposit with an Inferred JORC Code mineral resource of 9.34 Mt at 359ppm U3O8 for 3,351 tonnes (7.39 Mlbs) as part of a larger mineralised system. Napperby’s historic mineralised zone comprises anon‐JORC compliant, resource of 17.1 Mt @ 350 ppm U3O8 containing 13.2 Mlbs of U3O8 (200 ppm cut‐off) which contains the JORC resource area. The Napperby calcrete‐hosted uranium deposit occurs in a relatively ‘young and shallow’ palaeochannel system developed within the Tertiary – Quaternary Burt Basin. The sand and weakly consolidated/cemented sediments hosting the deposit overlay Palaeoproterozoic basement rocks which regionally have potential to host, gold, base metals and IOCG(±U) deposits. Napperby Deeps – basement hosted IOCG±U targets: During the period of the Toro option over the Napperby deposit, DYL and Toro entered into a 50/50 joint venture to test magnetic/gravity targets developed in basement terrain within ELs 24246 and 24606. The JV undertook a gravity survey and drilled two RC/diamond tail holes to test two of five drill targets. One hole failed to reach basement and the second hole intersected magnetite bearing granite in part explaining the gravity/magnetic anomaly at that location. DYL are going to assess the ‘Deeps’ programme with a view to continuing exploration if and as warranted.

40

Deep Yellow received notice from Toro Energy Limited (Toro) that it would not be exercising its purchase option on the Napperby uranium project and would allow the purchase option period to expire on the close of business on 4th May 2010. Nonouba No information.

CAULDRON ENERGY LTD http://www.cauldronenergy.com.au Cauldron Energy Ltd is the product of the merger between Scimitar Resources Ltd and Jackson Minerals Ltd. EL’s in vicinity: EL24625 – Aileron/Ngalia Prov EL24637 – Aileron Prov EL24808 – Ngalia Prov EL24870 – Amadeus Basin EL24876 – Amadeus Basin Cauldron's southern licences cover the northern half of Lake Lewis and associated internal drainages. Airborne radiometric data indicates that uranium enriched material is present in these drainages and is depositing around the margins of Lake Lewis and at trap sites along the drainage system. A number of target areas have been identified from interpretation of radiometric data and investigation of historical open file data. Of particular significance is the Mount Wedge Prospect discovered by Uranerz (Aust) P/L during the late 1970's. A number of significant uranium occurrences are located within the basin including the Bigrlyi Uranium deposit, 10,590 tonnes at 0.14% U3O8. The Bigrlyi Uranium deposit, a modified roll front style, covering a stike length of 12 km was identified in 1973 during basin wide exploration undertaken by Central Pacific Minerals NL and is now held by Energy Metals Limited (53%). Current Exploration Aircore drilling conducted by the company, 4005 holes for 10,818m, has targeted near surface calcrete hosted uranium mineralisation (similar to the adjacent New Well Uranium Deposit) within a large regional drainage system and potential targets interpreted from the 2007 TEMPEST electromagnetic survey. These targets include including buried channels and palaeo‐lake margins. The drilling intersected surficial red‐brown, sandy soil (thickness 1‐6m) overlying up to 9m of red‐brown calcrete and silts with a basal calcrete layer. This horizon which returned a number of anomalous uranium intersections from 3m composite sampling, including 50 ppm U from 6‐9m from drill hole ECAC 199, overlies transported silts, clays and sands which in some places attain depths of greater than 70m.

41

TORO ENERGY LTD http://www.toroenergy.com.au EL’s in vicinity: EL27900 – Aileron Prov EL27970 – Aileron Prov Amadeus Basin Toro have several EL’s in the Amadeus region, just to the west of Alice Springs. NT TIS shows all of Toro’s EL’s in this region are still in application, despite their website stating that a few of these tenements are granted. The Toro website summarises the following: The tenements cover part of the mapped Hermannsburg Sandstone which stratigraphically equates with Pertnjara Group comprising Upper Devonian – Lower Carboniferous fluvio–continental sediments. This sequence and its equivalents hosts the Pamela and Angela uranium deposits south of Alice Springs and the Bigrlyi, Walbiri, Malawiri and Dingo’s Rest uranium deposits of the Ngalia Basin to the north. Uranium mineralisation in the Ngalia and Amadeus Basins is localised at redox interfaces in the Devonian‐Carboniferous sequence. These interfaces can be peneconcordant or lateral or both. They are stratigraphically related to the tops or lateral terminations of reduced sequences contained in oxidized, red‐bed sequences. The reduced beds are grey or sometimes white where bleaching has occurred by oxidation of sulphides (pyrite). Pamela

42

and Angela are hosted in the upper‐most member the Undandita Member. The Bigryli deposit is hosted towards the top of the Mt Eclipse Sandstone. The other deposits in the Ngalia Basin occur at a similar stratigraphic level. In the central Australian Fold Belt, there is evidence of significant remobilisation of uranium from the radiogenic Arunta basement into the overlying Proterozoic, Palaeozoic and Tertiary sedimentary cover units, including the Ngalia, Amadeus and Tertiary Basins. The uranium deposits at Bigrlyi, Napperby (New Well) and Angela attest to this. In the vicinity of the Amadeus West tenements (ELs 25049 and 27183), there is exposure of an exhumed Tertiary palaeochannel with a strong radiometric signature. The origin of this signature is unknown, but is likely to be surficial enrichment of uranium and other radionucleiides onto ferruginous crusts on outcrop. However, this may be an indicator of subsurface primary mineralisation. Kintore Project ELA27573 – Aileron/Warumpi/Ngalia Prov This project is immediately adjacent to EL10383. No previous exploration. Exploration is unlikely to commence before 2012. The Toro website summarises the following: This project area lies at the boundary between Palaeo‐ to Meso‐proterozoic metamorphic rocks of the Arunta Complex (Warumpi Province and Aileron Province) and the Amadeus Basin. Basement consists of greenschist to amphibolites facies schist, after a protolith of greywacke, siltstone and quartzite, modified locally by thermal metamorphism associated with granitic intrusions. Also present is highly altered, flow‐banded and brecciated lava and high level, comagmatic granites of the Mount Webb Complex. These igneous units are notably radiogenic and are thought to be the ultimate source of uranium in Tertiary sediments in the adjacent Lake Mackay Project. Dividing the older Aileron Province and the younger (accreted terrain) Warumpi Province, is the Desert Bore Thrust, a crustal scale suture, sometimes called the Central Australian Suture. The unconformably overlying Peculiar Volcanics consists of acid and mafic volcanics, with intermingled sediments. This unit may belong to the overlying Amadeus Basin, but geochronology is not available as yet. Basement rocks are overlain by Neoproterozoic to Carboniferous sediments of the Amadeus Basin, a foreland basin developed during episodic deformation along the Central Australian Suture. In the Kintore Project, there is a veneer of Tertiary to Recent clastics of unknown thickness, derived from erosion of the radiogenic granites. Current drainage and possibly historic drainage is to the west toward a regional low‐point, Lake MacDonald. This situation is analogous with the Frome Embayment in South Australia, which hosts the Beverley and Four Mile uranium deposits. It is also similar to the setting of the Theseus Prospect in the Lake Mackay Project. Most notable in the area is a high‐amplitude uranium channel radiometric anomaly located over the edge of Lake MacDonald. The radiometric feature is likely due to radionucleiide daughters that have been discharged into the Lake via modern groundwater flow. The ultimate source of the radionucleiides is speculated by Toro to be a concealed uranium

43

mineral system to the east of the Lake within the Kintore Project. Three potential geological scenarios are envisaged: • Iron Oxide‐Copper‐Gold+/‐Uranium (IOCG‐U) ’Olympic Dam style’ mineralisation in the Mount Webb Complex. This rock unit is similar in age and composition to SA’s Gawler Craton, an established IOCG‐U domain. Ashburton Minerals has drilled wide intersections of Cu‐Au mineralisation at Pokali South, 50km west of the Kintore Project. • Sandstone‐hosted ‘Angela style’ mineralisation within the Amadeus Basin. This Basin has Carboniferous organic‐bearing sediments that could host ‘roll‐front’ type uranium deposits similar to Bigryli and Angela in the Ngalia and Eastern Amadeus Basins respectively. • Palaeochannel mineralisation in buried sand units that drained toward the former Lake MacDonald, akin to the Beverley uranium deposit in South Australia. The presence of palaeochannels is predicted based on exploration results in the adjacent Lake Mackay Project. • Calcrete‐hosted ‘Yeelirrie style’ mineralisation within shallow sediments at the fringe of Lake MacDonald. Toro believes the geological setting is analogous with the Toro‐owned Lake Way and Centipede deposits (Wiluna project) in Western Australia, where uranium mineralisation has developed at the deltaic interface of palaeodrainages and saline lakes.

44

Ngalia Project EL27900 – Aileron Prov EL27970 – Aileron Prov Toro advise that uranium exploration is quite mature in this area, however, there are areas that still remain unexplored – probably due to the lack of surficial radiometrics. Whilst they haven’t undertaken any significant exploration (i.e. drilling), they will employ electromagnetics and gravity geophysical methods to determine older buried Tertiary palaeochannels and calcrete remnants that might host “blind” uranium deposits. The Toro website summarises the following: This project lies within the Arunta‐Ngalia region of the Northern Territory. Basement is comprised of Palaeoproterozoic to Mesoproterozoic metasedimentary and granitic rocks assigned to the Aileron Province, including the Reynolds Range Group. These granites and orthogneisses are notably radiogenic and are overlain by Neoproterozoic to Carboniferous sediments of the Ngalia Basin in the north. The Aileron Province and Ngalia Basin rocks are largely overlain by a veneer of Tertiary to Recent clastics, derived from erosion of the radiogenic granites in the Reynolds Range, MacDonnell Ranges and Ngalia Basin. This situation is analogous with the Frome Embayment in South Australia, which hosts the Beverley and Four Mile uranium deposits, the former of which has been in production since 2000. Uranium mineralisation is known in the region and is restricted (thus far) to the Proterozoic Aileron Province, the Devonian to Carboniferous parts of the Ngalia Basin, and in Tertiary sediments and calcrete. Uranium at Nolans Bore (Arafura Resources) occurs in phosphatic and REE‐enriched metasomatic pods and veins within the high‐metamorphic‐grade Lander Rock beds. This deposit is subject of ongoing feasibility studies by Arafura Resources. Crossland Uranium has also identified interesting grades of primary ‘hardrock’ uranium with the Tea Pot Granite, which makes up the large radiometric anomaly within the MacDonnell Ranges (Figure 3). Uranium is also present in high grades at Bigrlyi (Energy Metals‐Paladin JV) to the northwest, within carbonaceous sandstones of the Mt Eclipse Sandstone. The deposit is a roll‐front style formed during uplift and deformation of the Ngalia Basin in the Carboniferous Alice Springs Orogeny. Uranium has also been identified by Thundelarra immediately to the north in Tertiary lignite‐bearing palaeochannel sands. Central to the Ngalia tenements is the Napperby (New Well) uranium deposit (Deep Yellow), which is made up of carnotite hosted in dolomitic clays, sands and dolocrete. During the period 2007‐2010, Toro as operator undertook resource definition drilling and a scoping study, but were not able to advance the project further in the economic conditions at the time. Palaeochannels are interpreted to have developed during the Tertiary within the foreland outwash fans prograding south of the Reynolds Ranges and north of the MacDonnell Ranges, carrying immature detritus into locally reduced and evaporitic settings around Lake Lewis and along strike where precursor lakes existed. Subsequent uplift events in the ranges generated topographic head and forced oxidised uranium‐carrying fluids from the hinterland northward into the reduced palaeochannels. Uranium was likely to be dropped out of solution as the chemical ‘roll‐front’ moved northward. The hydrodynamics of the region may also support the view that the ‘roll‐front’ system is currently active and any uranium deposits that are present are actually forming and dispersing within the modern timeframe. The Beverley ISL uranium mine in South Australia is a good example of this type of deposit and is one of the analogues for Toro Energy’s exploration in this project. The Napperby

45

deposit is thought to have formed as a result of the evaporation of these oxidised fluids where they discharged at the edge of Lake Lewis. Older calcrete uranium systems are envisaged along the trend of the former lake system during the Tertiary. These systems are the main focus of Toro’s exploration in the southern tenements of the Ngalia Project.

CROSSLAND NICKEL PTY LTD / CROSSLAND URANIUM MINES LTD www.crosslanduranium.com.au

EL’s in vicinity EL24281 – Aileron Prov EL25230 – Aileron/Warumpi Prov EL27283 – Aileron/Warumpi Prov EL27284 – Aileron/Warumpi/Ngalia Prov EL27338 – Aileron/Ngalia Prov EL27358 – Aileron/Warumpi Prov EL27359 – Aileron Prov EL28154 – Aileron/Warumpi Prov EL28224 – Aileron Prov EL28225 – Amadeus Basin EL28226 – Aileron Prov Charley Creek Project (Majority of above EL’s) On their website, CUML advise that the area has not been extensively explored for any commodities. They believe the area has potential for sediment‐hosted uranium deposits. Previous bores drilled in the area identified the uranium as potentially mobile, and could be

46

sourced from the Teapot Granite (which they say their geophys has identified as highly radioactive), which is an ideal source for uranium in calcrete and channel hosted deposits such as others in the district, at Napperby, Bigyrli, and Angela-Pamela. They advise that there are two possible deposit types, or a combination of the both types in one deposit as occurs elsewhere in this region, at Napperby. Calcrete is present in the fluvial channels and is present in outcrop during field inspection; lignite is also known, and if a source of vanadium is required to precipitate carnotite, the basic intrusive bodies of the Mount Hay layered complex lie below the fluvial channels to provide this. The area also has potential for Rare Earth Elements, as outlined below. Cockroach Dam Uranium Prospect Results: In December 2010, an announcement was made for drilling of 7 holes in the Charley Creek Project area. They had a best intersection of 2m@876ppm U3O8 from 148m, including 0.3m@4,079ppm U3O8 from 148.8m. Intersections of the granite revealed 10 times average U content of up to 40ppm. No further information. REE Results: In March 2011, CUML JV announced additional results for Rare Earth Elements (REE) in the Charley Creek area. In November 2010, CUML announced an alluvial sample revealed heavy minerals contained REE with total TREO of 39%. The REE are present in phosphate minerals, with the REE easily extractable. There appears to be relatively high concentrations of all of the heavy REE’s (above europium in Periodic Table). This has since been followed up and they undertook stream sediment sampling of over 4000km2 at Charley Creek; auger drilling of alluvium in the Cockroach Dam Prospect area; and re-analysed 2008 drill pulps. Of the 195 stream sediment samples analysed, 74, or 38%, returned over 2%TREO, 45 samples returned over 4% TREO, 25 over 8%, 12 over 16%, and three returned over 32%TREO, with a maximum of 38.4%. Each of these samples represents between two and four square kilometres of drainage basin. Over 700 samples taken of augering, awaiting results. Re-analysis of the pulps demonstrated local bedrock REE sources beneath the plains of the Charley Creek basin. REE Conclusion (extract of announcement): Much of the lower country in the Charley Creek Project Area is underlain by Tertiary sediment, or younger alluvium, in places up to 150m thick. In the vicinity of Cattle Creek, it appears from our drilling that this cover is thin to non- existent. The intersection in CCA121 drill hole is in basement gneissic rocks, and the mineralisation is in place, not transported in alluvium. It seems likely that the nearby anomalous heavy mineral results in stream sediments are derived from erosion of a local bedrock source. Since three of the stream samples drain country upstream of the drill hole, there is potential for the source to be quite extensive. Early information suggests that mineralisation at Cattle Creek is also monazite. The REE profile is quite flat, which means that heavy REE are present in relatively higher amounts than in the alluvial monazite. Also, unlike the detrital heavy minerals from the project, the commonly observed depletion of europium characteristic of monazite derived from granitoids is not pronounced. This indicates that the bedrock mineralisation has an even

47

more attractive mix of REE than has yet been observed in the alluvial heavy mineral samples.

48

NORTHERN MINING LTD

http://www.northernmining.com.au

...is a gold and nickel explorer in Australia and Poland. EL’s in the vicinity EL24438 – Warumpi Prov (Stokes Yard Project) EL24948 – Amadeus Basin (Crawford Creek) EL24961 – Amadeus Basin (Camel Prospect) EL28255 – Amadeus Basin On their website, NMI state that their Northern Territory prospects are situated in a highly prospective area for manganese, gold, REE, uranium and base metals. EL24961 – 2 Mn prospects identified, 23km apart in same EL. Rock chip assays have revealed high Mn concentrations of up to 45.6% announced in Sept 2010. NML are vague as to what the mineralisation host rock is / owed to, however, they describe a few outcrops which are generally sub‐parallel to sedimentary bedding, up to 2‐3m wide and 5m deep, and exposed for 40m to a 1,200m discontinuity before disappearing under shallow cover. EL24438 – magnetic and radiometrics flown in 2010 revealed additional targets. Previous results from surface sampling have produced high grade zinc 26%, lead 7.5%, copper 7.5% and silver 130ppm. EL24948 – potential for REE‐U‐Th‐rich dykes, nickel, zinc, copper cobalt occurrences.

RED GUM RESOURCES PTY LTD http://www.redgumresources.com EL’s in vicinity EL25144 – Amadeus Basin (Eucalyptus Project Area) EL25145 – Amadeus Basin (Eucalyptus Project Area) EL25213 – Amadeus Basin (Acacia Block) RGR’s cumulative interest in the Amadeus Basin is 7,306.7km2, which represents the largest strategic holding of mineral exploration tenements within the basin. Exploration for base metals within the Amadeus Basin took place 1950’s onwards, although has been significantly hindered by issues of Native Title and ALRA (Aboriginal Land Rights Act) land. Historically, copper mineralisation has been found on the contact between the Goyder Formation and Pacoota Sandstone, in hydrothermal sandstone hosted deposits, or on faulted contacts that juxtapose younger sandstones against older source & host sediments (frequently shows noted as ‘sedimentary Cu’). Exploration has yielded a small copper body in the Waterhouse structure and government drilling resulted in assays of up to 2500ppm Cu at the Ringwood prospect, where visual Malachite, Azurite and Chalcocite can be (reportedly) traced in a green dolomitic unit along a strike length of approximately 8km.

49

RGR state that their EL’s cover areas of analogous geology to that of areas with known copper‐lead‐zinc‐silver‐gold mineralisation. EL25213: The eastern Amadeus Basin is a structurally complex area that has been strongly affected by the numerous deformation events. EL25213 is bound by faults to the south and east, which compartmentalize highly deformed sediments and structures in the general area. The Camel Flats Syncline is to the south of the tenement, whereas an un‐named structure lies to the east (referred to as the Acacia Anticline complex), and the greater Ooraminna structure lies to the north. Neoproterozoic through to Ordovician stratigraphy is present within the EL. EL25144 & EL25145: The Eucalyptus Project area comprises a series of east‐west oriented south verging thrust faults that offset stratigraphy from the basement to the surface. Outcropping sediments range in age from the Neoproterozoic to the Tertiary and comprise interbedded sandstones, shales, carbonates and occasional conglomerates. The age of the faults is interpreted to be around 600Ma (approximate time of the Petermann Orogeny). It is quite likely that these may have been reactivated at other times, notably during the Alice Springs Orogeny. Unfortunately, no further information is available on their website, nor is their company present on the ASX, as advertised on their website.

URANEX NL http://www.uranex.com.au EL’s in vicinity EL25578 – Amadeus Basin Project is prospective for sandstone hosted uranium deposits similar to the nearby Pamela/Angela (Cameco) and Napperby (Deep Yellow) deposits. Field recon and desktop studies have commenced at the project, with an initial drilling programme planned for 2011.

CAMECO / PALADIN ENERGY http://www.paladinenergy.com.au EL’s in vicinity EL25758 – Amadeus Basin Uranium deposits in EL:

‐ Angela – medium sized deposit, located in the Brewer Conglomerate. Roll front

mineralisation.

‐ Pamela – as above.

50

As advised on their website: The Angela Uranium Project Joint Venture parties have committed to a comprehensive confirmatory and exploration work programme as well as a pre‐feasibility study which if successful, will then progress to a Bankable Feasibility Study and an Environmental Impact Assessment. Extensive evaluation work was undertaken previously on the Angela and Pamela uranium deposits by Uranerz Australia Pty Ltd between 1972 and 1983. Based on the examination of all digitised and validated historical information the Company has formulated an exploration target of approximately 12,000t to 13,000t of U3O8 in the general range of 0.10% to 0.13% U3O8 and this mineralisation appears to remain open at depth and laterally. Amalgamation of all this historical data, with drilling finished in 2009 and early 2010, should be completed in the first half of 2011 when an initial Mineral Resource estimate conforming to both JORC (2004) and NI43‐101 guidelines is expected to be estimated. The JV drilled over 5,000m during the first half of 2010, however, drill results are not available. However... The most recent announcement on this project is a letter on the ASX stating Paladin are surprised by the announcement that the Northern Territory Government would not support the establishment of a uranium mine at Angela Pamela, south of Alice Springs. Further action/discussion would be pursued.

IVANPLATTS URANIUM PTY LTD No information on this company. Possibly a subsidiary/spin‐off of Ivanhoe Nickel & Platinum Ltd. http://www.ivanhoeaustralia.com/s/Board_of_Directors.asp EL in vicinity: EL9857 – Amadeus Basin Small uranium deposit within EL identified as ‘Julia’. The deposit has formed from roll front mineralisation, located within the Brewer Conglomerate. No further information.

51

_1 SW_MEMBERTITLE_TYP TITLE_NUMSTATUS EFFECTIVE_DATGRNT_DAT EXPIRY_DAT RENEW_APPL_DATRENEW_GRNT_DATAREA_SQKMAREA AREA_MEAOperator KMC_GrantedEL_Competitors_ordered.xlsEL8696 233941 EL 8696 renew retained 20100822 20020822 20120821 20101213 0 76 SBKS ABM RESOURCES NLEL8697 233395 EL 8697 renew retained 20100822 20020822 20120821 20101208 0 28 SBKS ABM RESOURCES NLEL9442 233397 EL 9442 renew retained 20100822 20020822 20120821 20101208 0 72 SBKS ABM RESOURCES NLEL9449 233399 EL 9449 renew retained 20100822 20020822 20120821 20101207 0 48 SBKS ABM RESOURCES NLEL27906

EL9341 226120 EL 9341 grant 20090522 20150521 0 200 SBKS ARGIVE INVESTMENTS PTY LTDEL10380 226121 EL 10380 grant 20090522 20150521 0 106 SBKS ARGIVE INVESTMENTS PTY LTDEL25758 221416 EL 25758 grant 20081003 20081003 20141002 37.67 21 SBKS CAMECO AUSTRALIA PTY LTD AND PALADIN N.T. PTY LTDEL24625 231214 EL 24625 reduction retained 20091219 20051219 20111218 0 317 SBKS CAULDRON ENERGY LIMITED 24704?

EL24637 230442 EL 24637 reduction retained 20091208 20051208 20111207 0 147 SBKS CAULDRON ENERGY LIMITEDEL24808 CAULDRON ENERGY LIMITEDEL24870 226624 EL 24870 reduction retained 20090716 20070716 20130715 0 298 SBKS CAULDRON ENERGY LIMITEDEL24876 239634 EL 24876 reduction retained 20110418 20060418 20120417 0 84 SBKS CAULDRON ENERGY LIMITEDEL24281 CROSSLAND NICKEL PTY LTDEL25230 213536 EL 25230 grant 20061109 20061109 20121108 504.3 178 SBKS CROSSLAND NICKEL PTY LTD No website or info. Sydney based company. Related to Crossland Uranium?

EL27283 230255 EL 27283 grant 20091117 20091117 20151116 1560.67 500 SBKS CROSSLAND NICKEL PTY LTDEL27284 230254 EL 27284 grant 20091117 20091117 20151116 983.72 313 SBKS CROSSLAND NICKEL PTY LTDEL27338 CROSSLAND NICKEL PTY LTDEL27358 CROSSLAND NICKEL PTY LTDEL27359 CROSSLAND NICKEL PTY LTDEL28154 CROSSLAND NICKEL PTY LTDEL28224 CROSSLAND NICKEL PTY LTDEL28225 239955 EL 28225 grant 20110513 20110513 20170512 163.71 52 SBKS CROSSLAND NICKEL PTY LTDEL28226 CROSSLAND NICKEL PTY LTDEL24246 234584 EL 24246 renew retained 20101011 20041011 20121010 20110309 0 245 SBKS DEEP YELLOW LIMITEDEL24547 236126 EL 24547 reduction retained 20100817 20070817 20130816 0 108 SBKS DEEP YELLOW LIMITED No Info

EL24606 211488 EL 24606 grant 20051228 20051228 20111227 627.9 201 SBKS DEEP YELLOW LIMITEDEL25698 DEEP YELLOW LIMITEDEL25701 DEEP YELLOW LIMITEDEL24451 211666 EL 24451 grant 20060206 20060206 20120205 440.2 144 SBKS ENERGY METALS LTDEL24453 ENERGY METALS LTDEL24463 ENERGY METALS LTDEL24533 ENERGY METALS LTDEL24804 ENERGY METALS LTDEL24806 ENERGY METALS LTDEL24807 ENERGY METALS LTDEL23414 226678 EL 23414 renew retained 20090627 20030627 20110626 20091204 313.9 100 SBKS FRANKENFELD Lutz EdgarEL24839 239546 EL 24839 reduction retained 20110506 20080506 20140505 52.43 27 SBKS GENESIS RESOURCES LIMITEDEL9857 235080 EL 9857 reduction retained 20100720 20070720 20130719 0 143 SBKS IVANPLATS URANIUM PTY LTDEL6732 235439 EL 6732 reduction retained 20100911 20070911 20130910 0 90 SBKS LASSACT PTY LTDEL6861 215521 EL 6861 grant 20070911 20070911 20130910 999.4 317 SBKS LASSACT PTY LTDEL10379 235441 EL 10379 reduction retained 20100911 20070911 20130910 0 28 SBKS LASSACT PTY LTDEL25794 219411 EL 25794 grant 20080611 20080611 20140610 1215 450 SBKS LEGEND INTERNATIONAL INVESTMENT PTY LTDEL24438 NORTHERN MINING LIMITEDEL24948 233811 EL 24948 reduction retained 20100703 20060703 20120702 0 67 SBKS NORTHERN MINING LIMITEDEL24961 236033 EL 24961 reduction retained 20101005 20061005 20121004 0 198 SBKS NORTHERN MINING LIMITEDEL28255 239466 EL 28255 grant 20110406 20110406 20170405 486.32 156 SBKS NORTHERN MINING LIMITEDEL26194 QUASAR RESOURCES PTY. LTDEL26197 QUASAR RESOURCES PTY. LTDEL26243 QUASAR RESOURCES PTY. LTDEL26246 240014 EL 26246 reduction retained 20110325 20080325 20140324 0 206 SBKS QUASAR RESOURCES PTY. LTDEL27933 236456 EL 27933 grant 20101027 20101027 20161026 243.38 78 SBKS RUM JUNGLE RESOURCES LTDEL24987 RUM JUNGLE RESOURCES LTDEL25080 RUM JUNGLE RESOURCES LTDEL28205 RUM JUNGLE RESOURCES LTDEL28272 RUM JUNGLE RESOURCES LTDEL28273 RUM JUNGLE RESOURCES LTDEL10073 229575 EL 10073 grant 20091019 20091019 20151018 747 232 SBKS SOUTHERN TANAMI EXPLORATION PTY LIMITED Mystery to who they are

EL10074 229574 EL 10074 grant 20091019 20091019 20151018 810.93 257 SBKS SOUTHERN TANAMI EXPLORATION PTY LIMITEDEL10075 SOUTHERN TANAMI EXPLORATION PTY LIMITEDEL10076 229572 EL 10076 grant 20091019 20091019 20151018 528 164 SBKS SOUTHERN TANAMI EXPLORATION PTY LIMITEDEL27900 235159 EL 27900 grant 20100820 20100820 20160819 626.27 198 SBKS TORO ENERGY LIMITEDEL27970 235930 EL 27970 grant 20100928 20100928 20160927 619.84 196 SBKS TORO ENERGY LIMITEDEL27343 230269 EL 27343 grant 20091123 20091123 20151122 404.3 133 SBKS UNIVERSAL SPLENDOUR INVESTMENTS PTY LTDEL27371 230824 EL 27371 grant 20091123 20091217 20151216 31.51 10 SBKS UNIVERSAL SPLENDOUR INVESTMENTS PTY LTDEL27542 232375 EL 27542 grant 20100324 20100324 20160323 449.5 149 SBKS UNIVERSAL SPLENDOUR INVESTMENTS PTY LTDEL27799 234541 EL 27799 grant 20100729 20100729 20160728 157.32 55 SBKS UNIVERSAL SPLENDOUR INVESTMENTS PTY LTDEL27800 234542 EL 27800 grant 20100729 20100729 20160728 839.7 284 SBKS UNIVERSAL SPLENDOUR INVESTMENTS PTY LTDEL27801 234543 EL 27801 grant 20100729 20100729 20160728 935.52 306 SBKS UNIVERSAL SPLENDOUR INVESTMENTS PTY LTDEL27805 234544 EL 27805 grant 20100729 20100729 20160728 644.69 221 SBKS UNIVERSAL SPLENDOUR INVESTMENTS PTY LTDEL27758 234459 EL 27758 grant 20100720 20100720 20160719 1076.12 366 SBKS URANEX NLEL24571 ALDERSHOT RESOURCES LTD.EL27519 KURILPA URANIUM PTY LIMITEDEL24561 ELEMENT 92 PTY LTDEL25283 ELEMENT 92 PTY LTDEL25334 ELEMENT 92 PTY LTDEL25556 ELEMENT 92 PTY LTDEL28186 ELEMENT 92 PTY LTDEL28253 ARUNTA URANIUM PTY LIMITEDEL26040 ARUNTA URANIUM PTY LIMITEDEL24879 Strike resources LtdEL24928 Strike resources LtdEL24929 Strike resources LtdEL27633 ROYAL RESOURCES LIMITED

EL27634 ROYAL RESOURCES LIMITED

EL27373 PARADIGM MEXICO PTY LIMITEDEL24566 UXA RESOURCES LIMITEDEL9874 MCLAUGHLIN DehneEL25144 RED GUM RESOURCESEL25145 RED GUM RESOURCESEL25213 RED GUM RESOURCES

Table 2 KMC’s Nearby Competitors

52

Figure 27 KMC Nearby Competitors over NT Geology

53

10

Appendix 2

Tenement Expenditures

Kajeena Mining Company Pty Ltd Annual Group Report for ...

Documents