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AAUUSSTTRRAALLIIAANN GGOOLLDD IINNVVEESSTTMMEENNTTSS LLIIMMIITTEEDD ABN 18 124 873 507

34/50 Bridge Street, Sydney NSW 2000 Telephone: +61 2 8216 0777 PO Box 114 Bondi, NSW 2026 Facsimile: +61 2 8216 0788 Email: [email protected] Web: www.agil.com.au

THIRD QUARTER ACTIVITIES REPORT – MARCH 2009

Australian Gold Investments Limited (ASX: AGV) presents the following report on activities for the three months ending 31 March 2009. Also included in this report are details of any significant subsequent events that have taken place in April 2009.

The Company currently has two principle gold exploration projects in Western - the Broads Dam Gold Project near Kalgoorlie and the Pilbara Gold Project in the south-west Pilbara (Figure 1), and one principle gold project in - the Tia River Gold Project in the New England Orogen (Figure 2).

During the third quarter, AGV’s exploration activity in Western Australia involved the planning of a drilling program over the “Alpha Group” of prospects (T1, T2 & T3) on the Company’s tenements at Broads Dam (Figures 3 & 4). An additional surface geochemistry and drilling program, in conjunction with the Company’s joint venture partner, ABM Resources, is planned to test the “Delta Group” of prospects (T11 & T12) and also the broad magnetic anomaly to the south-west in P16/2388. (Figure 5).

During the same period, AGV’s exploration activity in New South Wales consisted of landform analysis and modeling over a large gold-prospective alluvial valley system that forms part of the Tia River catchment draining the Tia River Gold Field, near Tamworth, within EL 7224 (Figure 6). Sites for drilling have now been chosen within this valley drainage system, and will be drilled in the near future using the Company’s newly acquired Calweld bucket drilling rig, which is capable of recovering individual mini-bulk samples up to 0.35 bank cubic metres in volume. Samples from this program will be processed on-site using a mobile heavy mineral jig sample processing plant, serviced by a tractor/loader, which the Company is currently negotiating to acquire.

As part of the Company’s Eastern Australian Palaeochannel Gold Project, AGV has also identified a new and exciting basalt-capped palaeovalley, referred to by the Company as the “Lost River Gold Project”. The project is defined by inverted topography, and also located in the the Tamworth district (Figure 7). Geological evidence suggests that this palaeovalley may host a large 20km long, gold-bearing deep-lead palaeochannel system suitable for shallow underground mining. Historic gold mining along the edges of this palaeovalley has recovered coarse nuggety gold from surface exposed gravel deposits believed to be from the sides of a deeper more substantive gold-bearing alluvial lead. To secure this exciting new greenfields gold target, AGV has made application to the NSW DPI for an exploration licence over the area, and will explore the depositional system using the Company’s newly acquired Calweld drilling rig, which is capable of drilling to 90 metres to recover mini bulk samples for rapid on-site processing and grade assessment.

To advance the Company’s search for minable deep lead alluvial gold and heavy mineral deposits in Eastern Australia, the AGV Board is pleased to announce that it has completed negotiations for the purchase of a large heavy mineral jig processing plant (see description below).

AGV’S HEAVY MINERAL JIG PROCESSING PLANT.

The heavy mineral jig plant is capable of processing up to 1,000 bank cubic metres (two to three thousand tonne per day through-put, depending upon clay content) of heavy mineral-bearing gravels per day, and has substantial jig capacity to recover a wide range of heavy minerals (including gold, tin, rubies, sapphires and diamonds). A special feature of the plant is a large in- circuit log washer for the scrubbing of sticky clayey gravels to facilitate maximum liberation of heavy mineral particles during processing. The skid-mounted and modular construction of the plant allows for flexible deployment should economic deposits of gold, diamonds or coloured gems be found within the Company’s, or JV partner’s, tenements.

How the Plant Works

At the start of processing, loosely consolidated alluvial gravels are delivered from the extraction site to the feed bin, typically using 10 loose cubic metre (lcm) capacity tip trucks. These gravels are then washed through the feed bin using a high pressure water jet, with the gravels then passing across a 15cm aperture grizzly screen before entering a twin-screw log-washer designed to break-up clayey gravels for maximum liberation of heavy mineral particles. The slurry then passes into a revolving trommel for screening particles in the range of -20mm to +1.5mm before passing across 42-inch Foundry primary pulsating jigs. A de-sanding screen at the input end of the trommel removes particles -1.5mm, for secondary heavy mineral concentration.

The pulsating jigs work on the principal of gravity separation. Heavy minerals (e.g. gold, tin, corundum, zircon, spinel, ilmentite etc) and ironstone, are trapped in the jigs, while lighter materials (e.g. quartz etc) pass across the jig bed, and are rejected as tailings. Finer-grained heavy minerals not trapped on the coarse mesh of the jig bed (i.e. typically -2.0mm) pass through the mesh of the primary jigs and report to a series of 36-inch secondary jigs, where they are further concentrated. Gold, and other heavy minerals finer than -2.0mm, are collected from the spigots at the base of the secondary jigs and then report for tertiary gold concentration.

All tails report to a slurry bin where they are mixed before being transferred, via a Warman 8” slurry pump, to the tailings and water reclamation circuit.

It is anticipated that the Company will have fulltime access to a highly qualified and experienced plant operator based in the New England Region, for all set-up, running and maintenance operations of plant and equipment going forward. Importantly, this processing plant gives the Company immediate access to facilities for the processing of very large bulk samples for deposit assessment and mine planning.

Acquisition of the above plant and equipment now enables the Company to test and develop alluvial gold and heavy mineral deposits relatively quickly, in order to gain a positive cash-flow position should minable deposits be found, so as to underpin on-going project development funding, and to further enhance shareholder value going forward.

Exploration Activities:

The following section of this report outlines the results of gold exploration work carried out by the Company during the reporting period.

BROADS DAM GOLD PROJECT

Introduction and Project Location:

The Broads Dam Gold Project covers approximately 3,000 hectares of the highly prospective Zuleika Shear Zone, located in the Eastern Goldfields Province of the Yilgarn Craton, Western Australia, approximately 40km north-west of Kalgoorlie (Figure 3). The Zuleika Shear Zone hosts a number of nearby, currently working, underground gold mines, including Barrick Gold’s Raleigh and Bullant deposits, and La Mancha’s Frogs Leg mine.

AGV’s Proposed Exploration Drilling Program in the Broads Dam Northern Tenements:

The Alpha Group of gold prospects (T1, T2 & T3) lie on, or close to, the Zuleika Shear, and are covered by the northern tenements P16/2376, P16/2377 and P16/2380 (Figure 4). Gold target T1 is located approximately 300m to the south of the Broads Dam Gold Mine, while T2 and T3 are approximately 1km to the south-east of the Broads Dam Mine. Gold Targets T2 and T3 lie along regional strike from Broads Dam, with T2 being immediately adjacent to an unmined gold resource of 695,000 tonnes with a gold grade of 3.6g/t.

T1, T2 and T3 are considered highly prospective for the following reasons:

1. They are located in the vicinity of the Zuleika Shear Zone, a mineralized regional structure.

2. Their proximity to Broads Dam (approximately 90,000 recovered oz at a grade of 3.9g/t) and Blue Funnel (48,227recovered oz at a grade of 4.5g/t) gold mines (Figure 4).

3. Substantial bodies of vein quartz within and cross cutting the Zuleika Shear are a feature of the Project area. Most of the quartz veins within the Zuleika Shear Zone are either related to strike-slip along the shear zone itself, or existed prior to shear zone activation. These rocks are important brittle hosts for later Au mineralization.

4. Mafic intrusives, particularly granophyric dolerite, has been recognized as a favourable host rock in the Project area since the mid 1980’s (e.g. Broads Dam, Blue Funnel). However, the potential of other brittle hosts, including large bodies of early-formed quartz carbonate and quartz-veined carbonated ultramafics (e.g. Blue Funnel), and felsic intrusives, has not been widely recognized.

5. With the exception of Broads Dam West (striking at 015°), all the deposits and prospects are parallel or sub-parallel to the NW trending Zuleika Shear. The layout of previous exploration grids and drill sections appears to have missed a number of important cross- cutting fault structures and geochemical anomalies, resulting in these targets being substantively under-explored.

6. The gold deposits are strongly modified by lateritic weathering. Due to leaching there is a marked depletion of gold to at least 25m and probably mostly to 40m vertical depth. Supergene enrichment of Au between 25m and 40m is a feature of several deposits, (e.g. Broads Dam). The transition depth from supergene through saprock into unweathered mineralized rock can exceed 80m vertical depth. As a result, there is considerable potential for the discovery of new deposits below depletion zones.

Thus, despite more than 100,000m of drilling having been completed in the greater Broads Dam area, most of this work has been concentrated on the Broads Dam deposit and immediate surrounds. Furthermore, much of this drilling is considered too shallow, especially in light of the 25m vertical depth depletion zone at the Broads Dam pit, and the 50m+ vertical depth depletion zones at some of the other drilled prospects. Therefore, the initial focus of exploration drilling going forward, will be the Broads Dam Alpha Group of Prospects, which consists of the highly prospective T1, T2 and T3 targets.

The proposed drilling program for T1, T2 and T3 will be an extension of exploration work conducted over the Alpha Group tenements since the mid-1980s. Gold mineralization has been intercepted in RC and diamond drill programs between the Blue Funnel and Broads Dam open pits (T2 and T3) and to the southwest of Broads Dam (T1). Previous significant drilling intersections presented in Table 1 are considered indicative of the potential of the Alpha Group Prospects.

Table 1: Significant Gold Values in the Broads Dam Alpha Group of Tenements Target Hole Number Mineralization Depth Interval Grade Top(m) Bottom(m) (m) (g/t) T1 ZLA304 56 58 2 5.17 T2 BDC49 46 48 2 37.6 T2 BDC66 66 72 6 4.06 T2 BDC65 109 120 11 3.75 T3 BDC64 80 86 6 4.28 T3 WBF229 51 53 2 3.92 T3 WBF229 97 99 2 3.17 T3 BDC56 113 114 1 6.2

Thus, AGV proposes to progress the following exploration program in order to fully test the potential of the northern tenements for high grade Broads Dam – Blue Funnel style gold deposits:

1. Re-logging of previous drill spoils where available to re-appraise deposit geology.

2. Complete a new program of closer-spaced RC drilling for the T1, T2 and T3 prospects comprising up to 12 RC drill holes (approximately 1200 metres). Planned drill holes will be spaced 25m apart in lines adjacent to the mineralized holes listed in Table 1, and running parallel to the suspected strike of the mineralization (Figures 8 and 9).

ABM Resources JV Exploration in the Broads Dam Southern Tenements:

The AGV/ABM joint ventured tenements, P16/2386 – 2388, lie along the highly prospective Zuleika Shear Zone, and are considered to have the potential to host high grade gold deposits. The area has been explored since 1985 and this work has delineated a number of prospects and target zones (Figures 10 and 11).

The following is a discussion of each of the prospects being investigated by ABM Resources in conjunction with the Company:-

Hepburn Prospect

The Hepburn area (Figure 10) constitutes a structurally complex zone of Kurrawang and Black Flag Group rocks first outlined from scattered Au anomalism in “top of hole” and saprolite sampling. It contains intersections of north – south and west-northwest late-stage faults.

Even though there has been a substantial amount of drilling in the area, this may have been ineffective, particularly given the fact that a substantial depletion zone is suspected across the area. The results produced from the area have been sporadic, with numerous drill results of +1g/t Au being recorded (although no continuity of gold mineralization has, as yet, been fully delineated).

The two significant intercepts at Hepburn (i.e. 5m @ 3.6ppm Au from 48m in ZLA69 and 4m @ 2.02ppm Au from 27m in ZLA72), approximately 300m apart, are both close to the contact between the Black Flag Group sediments and the mafic/ultramafics of the litho-stratigraphic “Central Package”. The intercept of 1m @ 7.04ppm Au from 93m in ZLC13 confirmed down dip continuity of mineralization, with grade being associated with minor quartz veining just off the sediment/mafic lithological contact.

The thin, high-grade nature of the mineralization discovered to-date, together with the 100m spacing of the drill sections, and the short strike length of the Kundana style ore shoots, shows that the Hepburn Prospect still remains prospective as a “Kundana style” exploration target, and that further infill RC work is therefore warranted. A program of seven follow-up RC holes (Figure 11) is proposed here

Fie Prospect

Another target, the Fie Prospect (Figure 10) outlined by Delta Gold Limited and Aurion Gold Exploration Limited (2000-2001) lies at the north-western boundary of P16/2387, where previous drilling delineated an intercept of 4m @ 2.19ppm Au. This target was initially defined by a soil anomaly recording 620ppb Au. A program of three follow up RC holes (Figure 11) is proposed to test the intercepts from the previous RC drilling and the historic geochemical anomaly.

Magnetic Anomaly Prospect

The nature and meaning of the “magnetic anomaly” covering a large part of tenements P16/2386 and 2387 (Figure 11) has been the subject of discussion between ABM Resources and the Company. In many respects, this anomaly is similar to the anomalous magnetic highs in the Kurrawang Formation, and may be related to them. Thus, this anomaly may be related to a zone of hydrothermal alteration (magnetic-pyrite-gold-quartz). Furthermore, it is postulated, that this magnetic anomaly may be similar in nature to that associated with the nearby Wallaby deposit.

Synopsis of Proposed ABM Program

As a result of a comprehensive review of the current data, ABM Resources have proposed the following program:-

1. Relogging of drill spoils where available to gain a better understanding of prospective lithologies.

2. A program of auger soil geochemical sampling on a 200m x 100m pattern over the pronounced “magnetic feature/anomaly” referred to in previous reports and shown in Figure 11. This auger program is expected to consist of approximately 200 samples targeting the pedogenic carbonate layer in the soil profile. Any new anomalies outlined would be in-fill sampled on a 200m X 50m grid pattern. A multi-element analysis (Au, As, Mo, Hg, V, Te and Sb) of soil geochemical samples will then be undertaken. A number of Kalgoorlie-based drilling contractors are now available to complete this program.

3. Higher resolution reprocessing of the geophysical data to highlight optimum drill targets within the “magnetic anomaly”.

4. Drill testing of the “magnetic anomaly” based on soil the previous geochemical program results and reprocessing of the geophysical data. A program of three RC holes totalling 800m is proposed.

5. In order to fully test the potential of the Project for Kundana-style high grade deposits, a programme of closer spaced RC drilling is proposed for the Hepburn and Fie Prospects (Figure 10). Ten RC drill holes totalling approximately 1000 metres of drilling are proposed (Figure 11).

PILBARA GOLD PROJECT

The Pilbara Gold Project comprises Exploration Licence E47/1153 which covers the northern half of the Rocklea Dome and encompasses an area of approximately 200km2 (Figure 12).

During the reporting period, AGV geologists continued to investigate potential hard rock gold targets along the northern rim of the Rocklea Dome within E47/1153, associated with east-west shear zones close to the intrusion boundary between the Rocklea Dome monzogranite and Hardey Formation pelites and metasandstones. This work has identified a number of additional areas for follow-up field mapping and rock-chip sampling.

Future Focus of Gold Exploration on the Rocklea Dome:

Future exploration will continue to focus on the following:-

1. Field mapping of shear-zones along the identified WNW-trending angular unconformity at the base of the Hardey Formation, and

2. Surface rock-chip sampling to define targets suitable for future drilling to test for the presence of gold across identified gossanous quartz stockworks and blows associated with large identified regional “jogs” and offsets along the basal Hardey Formation shear zone adjacent to the identified unconformity.

TIA RIVER GOLD PROJECT

The Tia Gold Project comprises Exploration Licence 7224 located within the New England Orogen, near Walcha, in north-eastern New South Wales (Figures 2 & 6).

During the reporting period, AGV geologists expanded the topographic analysis of the Tia River catchment, draining the Tia River Gold Field, to locate prospective alluvial gold targets for wide diameter drilling in the near future.

As a result of this work, the Company has more intensively investigated an extensive alluvial depositional system covering approximately 150 hectares within EL 7224, that is downstream from historic hard rock gold sources (Figure 6). It is the intention of AGV to grid drill this valley using the Company’s newly acquired Calweld bucket drilling rig and to process recovered samples on-site through a mobile heavy mineral test plant to determine gold grades and gravel thicknesses. A preliminary program of close-spaced holes (20m spacing between holes) on wide- spaced lines (200m spacing between lines) has been formulated, and will be implemented following the completion of access negotiations with selected landholders.

Future Focus of Gold Exploration on the Tia River Gold Field:

As the Tia River Gold Project represents a ‘greenfields’ gold-bearing palaeochannel exploration play, whose purpose is to discover easily minable alluvial deposits to generate near-term cash flows for the Company, future focus will be on assessing the prospectivity of identified shallow gold-bearing depositional systems within the licence area.

Thus, project focus within EL 7224, in the immediate future, will concentrate on the following:-

1. Drilling and bulk sampling of identified prospective alluvial gravel deposits immediately downstream of historic gold workings along the main Tia River drainage corridor.

2. Drilling and bulk sampling of identified prospective palaeochannel gravel deposits in valley drainage systems parallel to the Tia River, that are also immediately downstream from historic gold workings.

LOST RIVER GOLD PROJECT

AGV has recently identified a Cainozoic basalt-capped palaeovalley defined by inverted topography to the south of the Tia River Gold Project area (Figure 7). Geological evidence suggests that this palaeovalley may host a large 20km long gold-bearing deep lead palaeodrainage system, suitable for underground mining. Historic gold mining along the exposed edges of this palaeoalluvial depositional system has recovered course nuggety gold from surface exposed gravel deposits.

A review of historic gold occurrences, together with palaeotopographic analysis of the gold- bearing depositional system, suggests that the ancient buried fluvial environment may contain a thick sequence of alluvial sands and gravels, with the potential for axial channel deposits to host economic concentrations of gold.

If found to be economic, such an extensive deep-lead may support mining for a considerable period of time going forward. To secure this exciting gold target, the Company has applied for an exploration licence over the area, and will explore the depositional system using the Company’s Calweld drilling rig, and mobile test plant.

“The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based” on information compiled by Dr Robert Coenraads (BA Hons, MSc, PhD) and Dr Simon Pecover (BA Earth Science, MSc, PhD). Dr Coenraads is a fellow of the Australasian Institute of Mining and Metallurgy.

Dr Coenraads is a full time employee of Australian Gemstone Mining which contracts services to AGV.

Dr Pecover is a part time employee of Australian Gemstone Mining which contracts services to AGV.

Dr Coenraads and Dr Pecover have sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which they are undertaking and to qualify as Competent Persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources or Ore Reserves”.

Dr Coenraads and Dr Pecover consent to the inclusion in the report of the matters based on their information in the form and context in which it appears. 120°

Bonaparte Basin

KING LEOPOLD Kimberley and OROGEN Speewah Basins

N

Hooper C OGE R Ord omplex Basin

Birrindudu HALLS CREEK O Basin Northern Carnarvon Lamboo Complex Basin Granites– Tanami 20° Canning Basin Complex Yeneena Basin

Northern Carnarvon P Basin A CENTRALIAN T SUPERBASIN P I L B A R A C R A T O N E R ARUNTA S OROGEN Hamersley Basin O Rudall Complex N

Ashburton Basin O PILBARA R O G GOLD PROJECT E C Officer Basin N A P Amadeus R Edm I Basin C und Basin O Southern Carnarvon R N Basin Collier Basin Gascoyne Complex O R O G E N

Bryah and Earaheedy Padbury Basins Yerrida Basin Basin Musgrave Complex

Officer Gunbarrel Basin Basin

Northampton PINJARRA Complex OROGEN

Y I L G A R N C R A T O N BROADS DAM

Perth Basin 30° GOLD PROJECT

Eucla Basin

ROGEN O PINJARRA OROGEN Leeuwin Complex Biranup and Nornalup R S E Complexes 250 kilometres A L B A N Y – F R A Onshore Bremer Basin

Figure 1. Location of the Yilgarn and Pilbara Cratons, Western Australia TIA RIVER GOLD PROJECT

Figure 2. Location of the Tia River Gold Project covered by EL 7224. d Af 310 000mE Um 330 000mE 350 000mE Ab Af Ora Banda ORA BANDA/ENTERPRISE Um Production & Resource Ad Ad +3Moz gold Um Af Ag Ad Um As Af Ab Ad Ag Um Ab Ab Ab Ad Ad Ab Af Um Ad Um Ad Ab Ad Broad Arrow d Af Grants Patch Um d Paradigm Ab Ag Ad d Ag Ab Ab Carbine Af As Af Lady Um Af Ab d Bountiful d d B R OADS DAM Breakaway Dam 89,730oz @ 3.9g/t Au Ad Rose PADDINGTON Dam Production & Resource Af Af Zuleika Ab 4Moz gold Um 6 620 000mN Ab Ab Ab Um Ab MT PLEASANT Production & Resource Ab d Um Ab +5Moz gold Ab Um Ab Kintore Af Af Ab BLUE FUNNEL d BROADS DAM 150,000t @ 4.5g/t Au Af GOLD PROJECTUm As Af Af As Ag Ab As Gidji Ad Af Um Ab d Um Um Ad Ab Kunanalling Ad Af Centenary Ad Af Ab Af Ad Ad Ab Af Strzelecki Ag Um Ab Ab Ab 6 600 000mN KUNDANA/KUNDANA EAST Af Production & Resource Ad 5Moz gold Ad Golden Kalgoorlie/ Mile Ab As Boulder White Foil Ab Um Ab Ag Ad 10 kilometres Af Ad Ad Ad Ab Ad Af Geology simplified after Maprock, 2003 Ag Um

d Proterozoic dyke Ab Mafic volcanics Zuleika Shear Zone As Sediments, sandstone Ad Mafic intrusives Fault +conglomerates Major road/minor road Um Ultramafics Railway Af Felsic volcanics +sediments Ag Granite Gold occurrence

Figure 3. Geological Setting of the Gold-Bearing Zuleika Shear Zone and Kalgoorlie Goldfields 316 000mE BROADS DAM GOLD DEPOSIT 322 000mE ABCROSS SECTION PLAN LEGEND Sand Laterite A B Clay 475m RL Pit 1 Saprolite Altered quartz dolerite 6 620 000mN Quartz dolerite Metasediment Ô Fault Pit profile

50m + 1g/t gold + 5g/t gold 25m Pit 2 BROADS DAM & BROADS DAM WEST OPEN PITS 400m RL 89,730 oz - recovered grade 3.9g/t Au

Scxm T2 P16/2375 STRIKE EXTENSION OF BROADS DAM BDC49 2m @ 37.6 g/t Au from 46m AGM inferred resource BDC66 6m @ 4.06 g/t Au from 66m 695,000t @ 3.6 g/t Au BDC65 11m @ 3.75 g/t Au from 109m Mmb Svg

P16/2376

T1

T2 P16/2377 Mg Scxm T3 Md Mmb P16/2380 T1 BROADS DAM SOUTH ZLA304 2m @ 5.17 g/t Au from 56m

P16/2378 6 614 000mN Svg T3 BLUE FUNNEL OPEN PIT BDC54 6m @ 4.28 g/t Au from 80m 48,227 oz - produced 1985-1993 150,000t @ 4.5g/t Au 1 kilometre WBF229 2m @ 3.92 g/t Au from 51m WBF229 2m @ 3.17 g/t Au from 97m geological resource below pit floor BDC56 1m @ 6.2 g/t Au from 113m

LEGEND

Mmb High-magnesian basalt Gold Mine

Svg Volcanogenic sediments Fault

Md Dolerite Fault, inferred Mg Gabbro T1 Gold Prospect Scxm Polymictic conglomerate Tenement outline Svgm Volcanogenic sediments (magnetic)

Mmbn Hi Mg basalt

Figure 4. Broads Dam Alpha-Group Prospects – Geological Structure and Gold Mineralisation 324 000mE 326 000mE

Mg T11 Mmb

6 610 000mN P16/2387 Mg

T12 Svg

Utr

Mmb Scxm

Svg

P16/2388

6 608 000mN

1 kilometre

LEGEND

Mmb High-magnesian basalt Gold Mine

Utr Ultramafic rocks Fault

Svg Volcanogenic sediments Fault, inferred Mg Gabbro T4 Gold Target Scxm Polymictic conglomerate Tenement outline

Figure 5. Broads Dam Delta-Group Prospects – Geological Structure and Gold Mineralisation Figure 6. Digital elevation model of the Tia River Gold Project area showing distribution of historic gold deposits relative to modern and palaeodrainage systems with the potential to host deposits of alluvial gold downstream from historic hard rock deposits. Figure 7. Lost River Gold Project Locality Plan showing digital elevation model with superimposed geology. o o o o

Figure 8. Broads Dam Alpha Group Prospect T1 with proposed locations of initial 4 drill holes shown as red circles. o o

o o

o

o o o

Figure 9. Broads Dam Alpha Group Prospects T2 and T3 with proposed locations of initial 8 drill holes shown as red circles. Figure 10. Broads Dam JV Historic Exploration and Proposed Work Areas. Figure 11. Broads Dam JV showing proposed locations of initial 10 drill holes and soil geochemistry survey superimposed on aeromagnetic data. AFu AFp

Fe 4m @ 11.5 g/t Au AFo

7 485 000mN AFl AFu AFh Czc AFo AFp AFh Au Al

AFd

Czc Agm Qa

AFh Ab

d E47/1153 Au Ab Ab 7 475 000mN Czc Agm

AFl Agm Au 530 000mE 540 000mE

LEGEND

Qa Quaternary alluvium Mylonite zone

Cza Cainozoic alluvium Dolerite dyke

Afd Metadolerite sills Fault Drilling 1998-1999 AFl Layered metapyroxenite/metagabbro sills AFu Bunjinah Formation: metabasalt flows Major road/minor road AFp Pyradie Formation: metamorphosed basalt Tenement outline Group Fortescue AFo Boongal Formation: metabasalt Rocklea Dome Gold Prospect (refer to Figure 22) AFh Hardy Formation: pelite, metasandstone High grade drill hole interval d Metadolerite dykes

Agm Metamorphosed biotite monzogranite Au Historic mineral deposit

Al Quartzofeldspathic schist

Ab Metabasalt

5 kilometres

Figure 12. Pilbara Gold Project – Geology and Exploration Targets