Queensland Minerals

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

Published Reserves/Resources

INDICATED MINERAL RESOURCE

61000 tonnes Ore @

BR 7688 Published in 2005

BALCOOMA LEAD OXIDE

FOR

7503 Kilograms SILVER

123.00 g/t SILVER

FOR

5978 Tonnes LEAD

9.80 % LEAD

FOR

103 Kilograms GOLD

1.70 g/t GOLD

FOR

61 Tonnes COPPER

0.10 % COPPER

INDICATED MINERAL RESOURCE

193000 tonnes Ore @

BR 7725 Published in 2005

BALCOOMA NO1 LENS

FOR

10229 Tonnes COPPER

5.30 % COPPER

FOR

4632 Kilograms SILVER

24.00 g/t SILVER

FOR

579 Tonnes ZINC

0.30 % ZINC

FOR

193 Tonnes LEAD

0.10 % LEAD

FOR

94 Kilograms GOLD

0.49 g/t GOLD

INFERRED MINERAL RESOURCE

283000 tonnes Ore @

BR 7725 Published in 2005

BALCOOMA NO2 LENS

FOR

13584 Tonnes COPPER

4.80 % COPPER

FOR

7075 Kilograms SILVER

25.00 g/t SILVER

FOR

566 Tonnes ZINC

0.20 % ZINC

FOR

283 Tonnes LEAD

0.10 % LEAD

FOR

164 Kilograms GOLD

0.58 g/t GOLD

PROBABLE ORE RESERVE

301000 tonnes Ore @

BR 7725 Published in 2005

BALCOOMA NORTH SUPERGENE

FOR

14448 Tonnes COPPER

4.80 % COPPER

FOR

4214 Kilograms SILVER

14.00 g/t SILVER

FOR

903 Tonnes ZINC

0.30 % ZINC

FOR

301 Tonnes LEAD

0.10 % LEAD

FOR

114 Kilograms GOLD

0.38 g/t GOLD

Comments/Cut Off Factor:

The reserve has a strip ration of 17:1 and a cutoff of 2.5% copper.

INDICATED MINERAL RESOURCE

645000 tonnes Ore @

BR 7688 Published in 2005

BALCOOMA POLYMETALLIC

FOR

54825 Tonnes ZINC

8.50 % ZINC

FOR

31605 Kilograms SILVER

49.00 g/t SILVER

FOR

27090 Tonnes LEAD

4.20 % LEAD

FOR

5805 Tonnes COPPER

0.90 % COPPER

FOR

270 Kilograms GOLD

0.42 g/t GOLD

INFERRED MINERAL RESOURCE

42000 tonnes Ore @

BR 7688 Published in 2005

BALCOOMA POLYMETALLIC

FOR

3822 Tonnes ZINC

9.10 % ZINC

FOR

2226 Tonnes LEAD

5.30 % LEAD

FOR

2100 Kilograms SILVER

50.00 g/t SILVER

FOR

252 Tonnes COPPER

0.60 % COPPER

FOR

16 Kilograms GOLD

0.40 g/t GOLD

INDICATED MINERAL RESOURCE

2320000 tonnes Ore @

BR 7725 Published in 2005

BALCOOMA PRIMARY

FOR

76560 Tonnes COPPER

3.30 % COPPER

FOR

39440 Kilograms SILVER

17.00 g/t SILVER

FOR

6960 Tonnes ZINC

0.30 % ZINC

FOR

2320 Tonnes LEAD

0.10 % LEAD

FOR

928 Kilograms GOLD

0.40 g/t GOLD

INFERRED MINERAL RESOURCE

124000 tonnes Ore @

BR 7725 Published in 2005

BALCOOMA PRIMARY

FOR

7688 Tonnes COPPER

6.20 % COPPER

FOR

3472 Kilograms SILVER

28.00 g/t SILVER

FOR

248 Tonnes LEAD

0.20 % LEAD

FOR

248 Tonnes ZINC

0.20 % ZINC

FOR

71 Kilograms GOLD

0.58 g/t GOLD

BR 7725 Published in 2005

BALCOOMA SUPERGENE

[<Previous Page] [Next Page>]