Drilling Report


 

TIDMPLAA 
 
RNS Number : 0845K 
Platinum Australia Limited 
13 April 2010 
 

 
 
AIM Release 
 
 
13 April 2010 
 
 
 
            NEW DRILLING RESULTS FOR THE ROODERAND PLATINUM PROJECT 
 
 
Platinum Australia Limited (ASX: PLA) (AIM:PLAA) is pleased to release the 
latest results from the resource definition drilling program on the Rooderand 
Platinum Project. The latest results have extended the strike length over which 
the Merensky and UG2 reef packages as well as the Lower and Upper Psuedo reef 
and Tarentaal have been intersected to almost 2,500 metres. The reefs have been 
intersected at depths from 10 metres to 225 metres down hole. 
 
The latest results for the UG2 (including UG2 L1 where present) reef include 
1.36m @ 6.50 g/t 4E from 184.10m in hole BPR020; 1.14m @ 5.75 g/t 4E from 42.92m 
in hole BPR025; 1.31m @ 5.09 g/t 4E from 79.05m in hole BPR027; and 1.46m @ 4.15 
g/t 4E from 77.33m in hole BPR034. 
 
Significant results for the Merensky reef include 4.66m @ 5.46 g/t 4E from 
155.79m in hole BPR020; 1.99m @ 10.35 g/t from 189.51m in hole BPR029; and 0.72m 
@ 19.99 g/t from 147.03m in hole BPR030. 
 
 
All of the results reported to date are provided in Table 1 below. Figure 1 
shows the location of the drill holes reported marked on a ground magnetic map 
of the lease area. 
 
Commenting on the latest results from the drilling at Rooderand, PLA Managing 
Director John Lewins said: "These latest results have further confirmed the 
continuity of the of the UG2, Merensky and Psuedo/Tarentaal Reef mineralisation 
and extended it by some 1,000 metres to the south. 
 
 
 
Heads of Agreement 
Platinum Australia is acquiring up to 70% of the Rooderand Platinum Project 
("Rooderand"), which covers the Portion 2 of the farm Rooderand 46JQ, under a 
Heads of Agreement ("HOA") signed with Atla in May 2009. PLA has earned an 
initial 30% interest in the project for making an initial payment of ZAR13.5 
million following the issuing of a Prospecting Right in November 2009. PLA will 
earn a further 35% interest in Rooderand for funding and completing a definitive 
Feasibility Study on the project and a further 5% for arranging the financing 
for the development of the project. 
PLA is proposing to drill approximately 100 holes to enable the current Inferred 
Resources of 11.8 Mt at 5.39 g/t 4E in the UG2 reef and 3.8 Mt at a grade of 
7.99 g/t 4E in the Merensky Reef to be updated. This updated resource will form 
the basis of the DFS. 
 
 
 
 
JOHN D LEWINS 
Managing Director 
 
For further information 
 
+------------------+-------------------+-----------------+------------------+------------------+ 
| John             | Media             | Media           | AIM Nominated    | UK Broker:       | 
| Lewins           | enquiries         | enquiries       | Advisor:         | RBC Capital      | 
| Managing         | UK:               | AUS:            | Ambrian          | Markets          | 
| Director         | Ron               | John Lewins     | Partners         | +44 207 653 4000 | 
| Platinum         | Marshman &        |                 | Limited          |                  | 
| Australia        | John              | +61 8 9324 1491 | +44 207 634 4700 |                  | 
| +61 08 9324 1491 | Greenhalgh        | M: +61 419 910  |                  |                  | 
| M: 0419 910 061  | Lothbury          | 061             |                  |                  | 
|                  | Finacial          |                 |                  |                  | 
|                  | +44 020 7628 5518 |                 |                  |                  | 
+------------------+-------------------+-----------------+------------------+------------------+ 
 
Glossary 
4E - Platinum + Palladium + Rhodium + Gold 
Moz - Million ounces 
Mt - Million tonnes 
Symbols and abbreviations; Pt is platinum, Pd is palladium, Au is gold, ppm is 
parts per million which is equivalent to grams per tonne (g/t), m is metres. 
UG2 - Upper Group Two 
 
 
For the full Announcement, please view our website at www.platinumaus.com 
TABLE 1  LATEST SIGNIFICANT ROODERAND DRILL RESULTS 
 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| Hole   | Easting | Northing | Reef       | From   | To     | Width  | Au       | Pt   | Pd   | Rh   | PtPdRhAu | Cu   | Ni   | 
| ID     |         |          |            |        |        |        |          |      |      |      |          |      |      | 
+        +         +          +            +--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          |            | (m)    | (m)    | (m)    | ppm      | ppm  | ppm  | ppm  | ppm      | ppm  | ppm  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| BPR020 | 907     | -2780660 | Merensky   | 154.79 | 155.79 | 1.00   | 0.09     | 0.36 | 0.16 | 0.02 | 0.63     | 335  | 1035 | 
|        |         |          | HW         |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| -80    |         |          | Merensky   | 155.79 | 156.44 | 0.65   | 0.50     | 4.47 | 2.09 | 0.31 | 7.36     | 897  | 2104 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| 225 TN |         |          | Merensky   | 156.44 | 160.45 | 4.01   | 0.39     | 2.97 | 1.66 | 0.12 | 5.15     | 799  | 1485 | 
|        |         |          | FW         |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Upper      | 169.89 | 170.15 | 0.26   | 0.14     | 1.77 | 0.98 | 0.17 | 3.06     | 475  | 1659 | 
|        |         |          | Pseudo     |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Tarentaal  | 174.15 | 174.60 | 0.45   | 0.01     | 0.37 | 0.11 | 0.03 | 0.52     | 74   | 1118 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Tarentaal  | 175.38 | 176.27 | 0.89   | 0.18     | 1.65 | 0.91 | 0.10 | 2.84     | 311  | 1627 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 HW     | 176.27 | 177.27 | 1.00   | 0.02     | 0.51 | 0.32 | 0.02 | 0.88     | 53   | 645  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 HW     | 182.45 | 182.84 | 0.39   | 0.01     | 0.60 | 0.16 | 0.05 | 0.81     | 49   | 833  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 L1     | 183.84 | 184.10 | 0.26   | 0.03     | 2.15 | 0.74 | 0.38 | 3.3      | 60   | 1218 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2        | 184.10 | 185.20 | 1.10   | 0.06     | 3.87 | 2.54 | 0.79 | 7.26     | 21   | 1392 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 FW     | 185.20 | 186.20 | 1.00   | 0.00     | 0.45 | 0.15 | 0.06 | 0.66     | 29   | 760  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          |            |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| BPR022 | 1031    | -2779433 | Merensky   | 25.51  | 26.51  | 1.00   | 0.07     | 0.93 | 0.37 | 0.07 | 1.43     | 229  | 797  | 
|        |         |          | HW         |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| -80    |         |          | Merensky   | 26.51  | 26.80  | 0.29   | 0.11     | 0.38 | 0.20 | 0.02 | 0.72     | 488  | 1040 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| 225 TN |         |          | Upper      | 34.21  | 34.50  | 0.29   | 0.19     | 2.21 | 1.27 | 0.20 | 3.86     | 492  | 1708 | 
|        |         |          | Pseudo     |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Tarentaal* | 39.47  | 40.48  | 1.01   | 0.03     | 0.35 | 0.20 | 0.04 | 0.62     | 26   | 1597 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Lower      | 40.48  | 41.22  | 0.74   | 0.08     | 0.90 | 0.40 | 0.07 | 1.45     | 140  | 1404 | 
|        |         |          | Pseudo*    |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 L1*    | 50.98  | 51.18  | 0.20   | 0.01     | 2.32 | 0.80 | 0.40 | 3.53     | 10   | 1231 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2*       | 51.18  | 52.07  | 0.89   | 0.01     | 3.48 | 1.24 | 0.71 | 5.43     | 10   | 1319 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 FW*    | 52.07  | 52.80  | 0.73   | 0.00     | 0.60 | 0.14 | 0.06 | 0.81     | 33   | 797  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          |            |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| BPR025 | 1013    | -2779154 | Merensky   | 19.63  | 19.87  | 0.24   | 0.29     | 1.26 | 0.75 | 0.07 | 2.36     | 1201 | 2521 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| -80    |         |          | MerenskyFW | 19.87  | 22.73  | 2.86   | 0.06     | 0.64 | 0.31 | 0.04 | 1.05     | 179  | 301  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| 225 TN |         |          | Tarentaal  | 27.27  | 28.02  | 0.75   | 0.01     | 0.48 | 0.21 | 0.07 | 0.77     | 2    | 1651 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Tarentaal  | 31.02  | 31.61  | 0.59   | 0.04     | 0.41 | 0.22 | 0.04 | 0.71     | 55   | 1705 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Lower      | 31.61  | 32.02  | 0.41   | 0.55     | 3.28 | 1.68 | 0.22 | 5.73     | 472  | 1559 | 
|        |         |          | Pseudo     |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 HW     | 32.02  | 32.85  | 0.83   | 0.04     | 0.46 | 0.26 | 0.02 | 0.78     | 63   | 728  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 HW     | 40.72  | 41.72  | 1.00   | 0.00     | 0.43 | 0.17 | 0.04 | 0.64     | 35   | 668  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 L1     | 42.72  | 42.92  | 0.20   | 0.09     | 2.11 | 1.34 | 0.35 | 3.89     | 50   | 1136 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2        | 42.92  | 43.86  | 0.94   | 0.06     | 3.79 | 1.57 | 0.74 | 6.15     | 26   | 1262 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 FW     | 44.86  | 45.43  | 0.57   | 0.01     | 0.69 | 0.20 | 0.05 | 0.94     | 28   | 725  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          |            |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| BPR027 | 923     | -2779685 | Merensky   | 50.32  | 50.56  | 0.24   | 0.87     | 5.96 | 2.37 | 0.33 | 9.53     | 1693 | 2940 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| -80    |         |          | Merensky   | 53.20  | 56.88  | 3.68   | 0.37     | 3.03 | 1.50 | 0.11 | 5.01     | 759  | 1403 | 
|        |         |          | FW         |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
| 225 TN |         |          | Merensky   | 61.54  | 61.80  | 0.26   | 0.18     | 1.01 | 0.92 | 0.05 | 2.16     | 493  | 835  | 
|        |         |          | FW         |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Upper      | 63.02  | 63.27  | 0.25   | 0.24     | 2.52 | 2.27 | 0.30 | 5.32     | 821  | 2364 | 
|        |         |          | Pseudo     |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Tarentaal  | 67.05  | 68.05  | 1.00   | 0.12     | 0.72 | 0.38 | 0.06 | 1.27     | 75   | 1884 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Lower      | 68.05  | 68.70  | 0.65   | 0.09     | 0.80 | 0.44 | 0.07 | 1.4      | 136  | 1636 | 
|        |         |          | Pseudo     |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | Tarentaal  | 68.70  | 69.15  | 0.45   | 0.14     | 0.59 | 0.33 | 0.03 | 1.08     | 115  | 1600 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 HW     | 69.15  | 70.16  | 1.01   | 0.04     | 0.33 | 0.14 | 0.02 | 0.52     | 117  | 698  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 L1     | 79.05  | 79.25  | 0.20   | 0.01     | 1.92 | 0.78 | 0.37 | 3.08     | 31   | 1270 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2        | 79.25  | 80.36  | 1.11   | 0.01     | 3.23 | 1.55 | 0.65 | 5.45     | 49   | 1309 | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          | UG2 FW     | 80.36  | 81.21  | 0.85   | 0.00     | 0.97 | 0.39 | 0.26 | 1.61     | 49   | 673  | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
|        |         |          |            |        |        |        |          |      |      |      |          |      |      | 
+--------+---------+----------+------------+--------+--------+--------+----------+------+------+------+----------+------+------+ 
 

 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| Hole   | Easting | Northing | Reef      | From   | To     | Width | Au   | Pt    | Pd   | Rh   | PtPdRhAu | Cu   | Ni   | 
| ID     |         |          |           |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          |           | (m)    | (m)    | (m)   | ppm  | ppm   | ppm  | ppm  | ppm      | ppm  | ppm  | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| BPR029 | 899     | -2780947 | Merensky  | 171.11 | 172.11 | 1.00  | 0.21 | 1.17  | 0.73 | 0.08 | 2.19     | 1364 | 2331 | 
|        |         |          | HW        |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| -80    |         |          | MPEG      | 183.45 | 184.80 | 1.35  | 0.13 | 0.25  | 0.24 | 0.02 | 0.64     | 1104 | 1441 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| 225 TN |         |          | Merensky  | 189.51 | 190.84 | 1.33  | 0.23 | 11.14 | 2.90 | 0.50 | 14.78    | 1623 | 3346 | 
|        |         |          | HW        |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | Merensky  | 190.84 | 191.50 | 0.66  | 0.06 | 0.93  | 0.41 | 0.03 | 1.43     | 156  | 268  | 
|        |         |          | FW        |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | Merensky  | 194.62 | 195.62 | 1.00  | 0.06 | 0.55  | 0.31 | 0.05 | 0.96     | 226  | 378  | 
|        |         |          | FW        |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | Upper     | 195.62 | 195.75 | 0.13  | 0.22 | 3.45  | 2.83 | 0.53 | 7.03     | 763  | 3031 | 
|        |         |          | Pseudo    |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | Tarentaal | 196.95 | 197.50 | 0.55  | 0.13 | 1.16  | 0.52 | 0.08 | 1.89     | 232  | 2059 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | Lower     | 199.90 | 200.85 | 0.95  | 0.04 | 0.51  | 0.28 | 0.03 | 0.86     | 78   | 1415 | 
|        |         |          | Pseudo    |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | UG2 L1    | 212.61 | 212.87 | 0.26  | 0.01 | 3.24  | 1.25 | 0.62 | 5.11     | 31   | 1218 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | UG2       | 212.87 | 213.98 | 1.11  | 0.01 | 2.13  | 0.70 | 0.37 | 3.2      | 53   | 1170 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          |           |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| BPR030 | 900     | -2781245 | Bastard   | 128.78 | 128.97 | 0.19  | 0.12 | 0.25  | 0.19 | 0.02 | 0.58     | 850  | 1977 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| -80    |         |          | Merensky  | 147.03 | 147.75 | 0.72  | 0.48 | 12.93 | 5.60 | 0.98 | 19.99    | 2820 | 4405 | 
|        |         |          | Reef HW   |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| 225 TN |         |          | Upper     | 162.37 | 162.80 | 0.43  | 0.05 | 0.94  | 0.60 | 0.12 | 1.71     | 284  | 1452 | 
|        |         |          | Pseudo    |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | Lower     | 166.13 | 167.15 | 1.02  | 0.08 | 1.02  | 0.45 | 0.14 | 1.69     | 228  | 1776 | 
|        |         |          | Pseudo    |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | Lower     | 170.49 | 170.86 | 0.37  | 0.00 | 1.40  | 0.18 | 0.15 | 1.73     | 25   | 679  | 
|        |         |          | Pseudo    |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          |           |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| BPR033 | 1198    | -2779050 | UG2 HW    |  52.12 |  53.12 |  1.00 | 0.01 |  0.42 | 0.15 | 0.04 |     0.61 |   38 |  960 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| -80    |         |          | UG2 L1    |  53.12 |  53.64 |  0.52 | 0.01 |  0.90 | 0.38 | 0.18 |     1.47 |   54 | 1300 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| 225 TN |         |          | UG2       |  53.64 |  54.40 |  0.76 | 0.01 |  3.28 | 1.33 | 0.72 |     5.33 |   29 | 1199 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | UG2 FW    |  54.40 |  55.44 |  1.04 | 0.00 |  0.39 | 0.08 | 0.06 |     0.53 |   44 |  708 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          |           |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| BPR034 | 900     | -2779781 | UG2 L1    | 77.33  | 77.83  | 0.50  | 0.01 | 0.90  | 0.43 | 0.16 | 1.50     | 10   | 1382 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| -80    |         |          | UG2       | 77.83  | 78.79  | 0.96  | 0.01 | 3.41  | 1.38 | 0.72 | 5.53     | 10   | 1338 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| 225 TN |         |          | UG2 FW    | 78.79  | 80.79  | 2.00  | 0.00 | 0.46  | 0.18 | 0.06 | 0.71     | 19   | 560  | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          |           |        |        |       |      |       |      |      |          |      |      | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| BPR036 | 1122    | -2779261 | UG2 HW    | 48.69  | 49.69  | 1.00  | 0.00 | 0.44  | 0.18 | 0.04 | 0.67     | 44   | 718  | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| -80    |         |          | UG2 L1    | 50.69  | 51.19  | 0.50  | 0.01 | 1.01  | 0.34 | 0.18 | 1.54     | 10   | 1047 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
| 225 TN |         |          | UG2       | 51.91  | 52.08  | 0.17  | 0.02 | 3.65  | 1.63 | 0.78 | 6.08     | 10   | 1256 | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
|        |         |          | UG2 FW    | 52.08  | 53.08  | 1.00  | 0.01 | 0.50  | 0.14 | 0.06 | 0.71     | 41   | 722  | 
+--------+---------+----------+-----------+--------+--------+-------+------+-------+------+------+----------+------+------+ 
 
*Assays previously reported 
Intercept Parameters 
4E PGM + Cu + Ni (NIS/MS)                     Minimum intercept 0.1m @ 0.5 ppm 
                      Lower cutoff grade 0.5 ppm 
Top cut grade 999 ppm                           Max consecutive waste - 3m 
                          Maximum total waste 3m 
 
·      Assays are fire assays with a nickel sulphide collection and ICP - MS 
determination by Genalysis Laboratory, Johannesburg, South Africa, a NATA 
accredited laboratory No ISO/IEC 17025. 
·     Widths are intersected widths, not true widths. Holes are generally 
drilled at 80o from the horizontal towards the reefs which dip approximately 10 
- 15 o. Therefore true widths are generally 90% or higher of intersected width. 
Figure 1 Rooderand Ground Magnetic Map and Drill Hole Location Plan 
 
 
 
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