Queensland Minerals

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

NAGOORIN

495853

55KM SW GLADSTONE

Date Recorded:

Descriptive Location:

Grid Reference:

Latitude -24.3722 Longitude 151.3244

MINERAL OCCURRENCE, ACTIVE PROSPECT

AMG Zone 56 330055 mE 7303527 mN

1:100 000 sheet Number and Name: 9149 CALLIOPE

12/December/2005

Other Names for Deposit / Mine

Commodities

Size

Size Definition

OIL SHALE

LARGE

> 1 000 000 000 barrels OSH

Production Details

Published Reserves/Resources

INDICATED MINERAL RESOURCE

1700000000 tonnes Ore @

BR 7037 Published in 2002

FOR

700000000 Barrels Of Oil OIL

90.00 l/t OIL

Comments/Cut Off Factor:

50L/t at zero % moisture.

INFERRED MINERAL RESOURCE

3000000000 tonnes Ore @

BR 7037 Published in 2002

FOR

1300000000 Barrels Of Oil OIL

95.00 l/t OIL

Comments/Cut Off Factor:

50L/t at zero % moisture.

MEASURED MINERAL RESOURCE

900000000 tonnes Ore @

BR 7037 Published in 2002

FOR

400000000 Barrels Of Oil OIL

92.00 l/t OIL

Comments/Cut Off Factor:

50L/T at zero % moisture cutoff.

Resource figures listed above are JORC compliant.

Year

Author

Published Reference ID

2002

SOUTHERN PACIFIC PETROLEUM NL

BR 7037

SOUTHERN PACIFIC PETROLEUM NL ANNUAL REPORT 2002

SOUTHERN PACIFIC PETROLEUM NL

Comments

Year Completed

Year Commenced

Major Mining Related Events

Mining Operations

Tenure Type/Number

Company Name/Surname

SHARE

MDL

234

CENTRAL PACIFIC MINERALS NL

25.00%

MDL

234

ESPERANCE MINERALS NL

25.00%

MDL

234

GREENVALE MINING NL

25.00%

MDL

234

SOUTHERN PACIFIC PETROLEUM NL

25.00%

Host Rock/Cover Sequences

Structural Unit

Formation Name/Age

NAGOORIN GRABEN

Nagoorin beds / EARLY TERTIARY to EARLY TERTIARY

Deposit Model

GENERAL ORE BODY MODEL

SEDIMENT-HOSTED DEPOSIT

DETAILED ORE BODY MODEL

OIL SHALE

Mineralisation Age

OIL SHALE

TERTIARY

Comments

Web Page

http://www.sppcpm.com/home.asp