Resource and Reserve Estimates

Cloncurry Resource and Reserve Estimates by Deposit

DEPOSIT	TOTAL			CONTAINED METAL		MEASURED			INDICATED			INFERRED
	Tonnes	Grade		Copper	Gold	Tonnes	Grade		Tonne	Grade		Tonnes	Grade
	million	Cu %	Au g/t	tonnes	ounces	million	Cu %	Au g/t	million	Cu %	Au g/t	million	Cu %	Au g/t
LITTLE EVA PROJECT DEPOSITS
Little Eva	105.9	0.52	0.09	546,000	295,000	37.1	0.60	0.09	45.0	0.46	0.08	23.9	0.50	0.10
Turkey Creek	21.0	0.59	-	123,000	-	-	-	-	17.7	0.59	-	3.4	0.58	-
Ivy Ann	7.5	0.57	0.07	43,000	17,000	-	-	-	5.4	0.60	0.08	2.1	0.49	0.06
Lady Clayre	14.0	0.56	0.20	78,000	85,000	-	-	-	3.6	0.60	0.24	10.4	0.54	0.18
Bedford	4.8	0.80	0.21	38,000	32,000	-	-	-	2.3	0.95	0.23	2.5	0.66	0.19
Sub-total	153.3	0.54	0.09	829,000	430,000	37.1	0.60	0.09	74.0	0.52	0.07	42.2	0.53	0.11
OTHER DEPOSITS
Blackard	76.4	0.62	-	475,000	-	27.0	0.68	-	6.6	0.60	-	42.7	0.59	-
Scanlan	22.2	0.65	-	143,000	-	-	-	-	18.4	0.65	-	3.8	0.60	-
Longamundi	10.4	0.66	-	69,000	-	-	-	-	-	-	-	10.4	0.66	-
Legend	17.4	0.54	-	94,000	-	-	-	-	-	-	-	17.4	0.54	-
Great Southern	6.0	0.61	-	37,000	-	-	-	-	-	-	-	6.0	0.61	-
Caroline	3.6	0.53	-	19,000	-	-	-	-	-	-	-	3.6	0.53	-
Charlie Brown	0.7	0.40	-	3,000	-	-	-	-	-	-	-	0.7	0.40	-
Sub-total	136.7	0.61	-	840,000	-	27.0	0.68	-	25.0	0.64	-	84.7	0.59	-
TOTAL	290.0	0.58	0.05	1,668,000	430,000	64.1	0.63	0.05	99.0	0.55	0.05	126.9	0.57	0.04

See ASX release of 23 October 2007 and 26 July 2011 (Longamundi, Great Southern, Caroline and Charlie Brown), 23 April 2012 (Bedford, Ivy Ann and Lady Clayre), 03 July 2012 (Blackard and Scanlan), 22 August 2012 (Legend), 27 May 2014 (Little Eva) and 18 March 2015 (Turkey Creek) for full details of resource estimation methodology and attributions.

Note: Tonnages are dry metric tonnes and have been rounded, hence small differences may be present in the totals.

Little Eva is reported above a 0.2% copper lower cut-off grade, all other deposits are above 0.3% copper lower cut-off grade.

Little Eva Project Resources and Reserves

	Tonnes millions	Copper %	Gold g/t	Contained Copper tonnes	Contained Gold ounces
RESOURCES
Measured	37.1	0.60	0.09	222,000	112,000
Indicated	73.0	0.52	0.07	376,000	158,000
Inferred	40.1	0.52	0.11	208,000	138,000
TOTAL	150.2	0.54	0.09	807,000	409,000
RESERVES
Proven	31.0	0.64	0.08	198,000	85,000
Probable	39.4	0.51	0.07	200,000	90,000
Sub Total	70.6	0.57	0.08	399,000	174,000
Probable (stockpile)	15.3	0.18	0.06	28,000	31,000
TOTAL	86.0	0.50	0.07	427,000	205,000
Mining Inventory	5.5	0.49	0.08	27,000	14,000