Queensland Minerals

A Summary of Major Mineral Resources, Mines and Projects, 2nd Edition

JACK GOODY

42092

20KM SE OF MONTO, 110KM SOUTH OF GLADSTONE.

Date Recorded:

Descriptive Location:

Grid Reference:

Latitude -24.9216 Longitude 151.4185

MINERAL OCCURRENCE, ACTIVE PROSPECT

AMG Zone 56 340300 mE 7242800 mN

1:100 000 sheet Number and Name: 9148 MONTO

5/January/2006

Other Names for Deposit / Mine

Jack Goody (River) Area

Goondicum Alluvial

Commodities

Size

Size Definition

ILMENITE

MEDIUM

5 000 000 - 10 000 000 tonnes IM

Production Details

Published Reserves/Resources

INFERRED MINERAL RESOURCE

33000000 cubic metres Ore @

BR 7019 Published in 2003

A ALLUVIUM

FOR

2200000 Tonnes ILMENITE

4.20 % ILMENITE

INFERRED MINERAL RESOURCE

14000000 cubic metres Ore @

BR 7019 Published in 2003

B ALLUVIUM

FOR

1200000 Tonnes ILMENITE

4.60 % ILMENITE

INDICATED MINERAL RESOURCE

20000000 cubic metres Ore @

BR 7019 Published in 2003

C ALLUVIAL

FOR

1700000 Tonnes ILMENITE

5.00 % ILMENITE

INFERRED MINERAL RESOURCE

48000000 cubic metres Ore @

BR 7019 Published in 2003

C ALLUVIAL

FOR

3030000 Tonnes ILMENITE

3.60 % ILMENITE

MEASURED MINERAL RESOURCE

1900000 cubic metres Ore @

BR 7019 Published in 2003

C ALLUVIAL

FOR

150000 Tonnes ILMENITE

4.50 % ILMENITE

Resource figures listed above are JORC compliant.

Year

Author

Published Reference ID

2003

MONTO MINERALS NL

BR 7019

MONTO MINERALS ANNUAL REPORT 2003

MONTO MINERALS NL

Comments

Year Completed

Year Commenced

Major Mining Related Events

Mining Operations

Tenure Type/Number

Company Name/Surname

SHARE

EPM

9100

MONTO RESOURCES PTY LTD

100.00%

Host Rock/Cover Sequences

Structural Unit

Formation Name/Age

CAINOZOIC ALLUVIAL & COLLUVIAL

DEPOSITS

Qa-YARROL/SCAG / QUATERNARY to QUATERNARY

Deposit Model

GENERAL ORE BODY MODEL

ALLUVIAL PLACER

DETAILED ORE BODY MODEL

HEAVY MINERAL ACCUMULATION (MODERN &

ANCIENT DEPOSITS)

Mineralisation Age

ALLUVIUM

QUATERNARY

Comments

Web Page