Siberia

SIBERIA

The Siberia Project is a historical mine area located 37 km south-east of the Davyhurst Processing Plant. Open pits have been developed on several sets of historical workings, including Sand King, Missouri, Palmerston-Camperdown, Bewick-Moreing and Theil Well.

GEOLOGY & MINERALISATION
The Siberia Trend is a 16 km zone covering a sheared ultramafic – basalt contact running south of the main Siberia workings to the Black Rabbit resource. Along the trend, a number of substantial old workings were developed at Consoles, Bonnie Doon and Consoles South on the basalt units close to the contacts. There has been no prior systematic testing of these workings.

RESOURCES & RESERVES
Resource and Reserve updates for Sand King and Missouri are currently in progress following recent RC and Diamond Drilling, and commodity price increases.

Table 1 - Siberia 2008 Resource Figures

HISTORICAL PRODUCTION
The table below summarises the cumulative gold production from the project based on the available records;

ProjectProduction Period
Pre 19501950-19801980-20002000-2008
(oz Au)(oz Au)(oz Au)(oz Au)
Siberia   147,700 25,292

Siberia Project Production History in oz Au

TARGETS
The Theil Well Trend is situated on the southern side of the sheared contact between high-Mg and tholeiitic basalts. The company has identified that the New Mexico West and Charlie North Targets require infill drilling on this trend.