Queensland Minerals

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

LEICHHARDT

512533

63KM NE OF MOUNT ISA, 37.1KM SSE OF GERETA HOMESTEAD.

Date Recorded:

Descriptive Location:

Grid Reference:

Latitude -20.3466 Longitude 139.9347

ACTIVE PROSPECT

AMG Zone 54 388800 mE 7749800 mN

1:100 000 sheet Number and Name: 6857 PROSPECTOR

6/January/2006

Other Names for Deposit / Mine

Commodities

Size

Size Definition

COPPER

SMALL

500 - 50 000 tonnes CU

GOLD

VERY SMALL

<0.5 tonnes AU

Production Details

Published Reserves/Resources

INDICATED MINERAL RESOURCE

241000 tonnes Ore @

BR 7701 Published in 2005

FOR

2169 Tonnes COPPER

0.90 % COPPER

Comments/Cut Off Factor:

0.5% Cu cutoff grade

INFERRED MINERAL RESOURCE

894000 tonnes Ore @

BR 7701 Published in 2005

FOR

8940 Tonnes COPPER

1.00 % COPPER

Comments/Cut Off Factor:

Cutoff grade 0.5% copper

Resource figures listed above are JORC compliant.

Year

Author

Published Reference ID

2005

MATRIX METALS LIMITED

BR 7701

MATRIX METALS LIMITED ANNUAL REPORT 2005

MATRIX METALS LIMITED

Comments

Year Completed

Year Commenced

Major Mining Related Events

Mining Operations

Comments

PITS

TRENCHES

Tenure Type/Number

Company Name/Surname

Currently untenured mineral deposit

Host Rock/Cover Sequences

Structural Unit

Formation Name/Age

KALKADOON-EWEN PROVINCE

Ballara Quartzite / PALAEOPROTEROZOIC to PALAEOPROTEROZOIC

KALKADOON-EWEN PROVINCE

Corella Formation / PALAEOPROTEROZOIC to

PALAEOPROTEROZOIC

Deposit Model

GENERAL ORE BODY MODEL

HYDROTHERMAL VEINS/PIPE/STOCKWORK

DETAILED ORE BODY MODEL

SHEAR ZONE-HOSTED HYDROTHERMAL

Mineralisation Age

ORE

Comments

Web Page

http://www.matrixmetals.com.au/