Kapulo Copper Project, DRC National Instrument 43-101 Technical Report Prepared by Coffey Mining Pty Ltd on behalf of: Mawson West Ltd Effective Date: 30 June 2011 Qualified Persons: Harry Warries - MSc Mine Engineering, MAusIMM Steve Le Brun - BSc(Hons), MSc, MAusIMM, MMICA Chris Johns - MSc, P.Eng.(Alberta), MIEAust Peter Hayward - Dip Metallurgy, MAusIMM Aaron Massey - Dip Metallurgy, MAusIMM Chris Orr - MSc, MAusIMM MINEWPER00482AC Coffey Mining Pty Ltd DOCUMENT INFORMATION Author(s): Harry Warries Manager Mining - West Perth MSc Mine Engineering, MAusMM Steve Le Brun Principal Resource Geologist BSc(Hons), MSc, MAusIMM, MMICA Chris Johns Associate Geotechnical/Environmental Engineer MSc, P.Eng.(Alberta), MIEAust Peter Hayward Senior Process Engineer (Sedgman Ltd) Dip Metallurgy, MAusIMM Aaron Massey Senior Process Engineer (Sedgman Ltd) Dip Metallurgy, MAusIMM Chris Orr Associate Engineering Geologist MSc, MAusIMM, MAIG Date: 30 June 2011 Project Number: MINEWPER00482AC Version / Status: Final F:\MINE\Projects\Mawson West Ltd\MINEWPER00482AC_Mawson West_Kapulo Mine Path & File Name: Eng\Report\43.101_June2011\CMWPr_482AC_MawsonWest_KapuloMineEng_43-101_30June2011_SEDAR.docx Print Date: Thursday, 30 June 2011 Copies: Mawson West Ltd (2) Coffey Mining – Perth (1) Document Change Control Version Description (section(s) amended) Author(s) Date Final HW, JH 30 June 2011 Document Review and Sign Off [Signed] [Signed] Primary Author Supervising Principal Harry Warries John Hearne Kapulo Copper Project, DRC – MINEWPER00482AC National Instrument 43-101 Technical Report – 30 June 2011 Coffey Mining Pty Ltd Table of Contents 1 Summary .......................................................................................................................................1 1.1 Introduction .............................................................................................................................. 1 1.2 Location ................................................................................................................................... 1 1.3 Ownership ............................................................................................................................... 1 1.4 Geology, Mineralisation ........................................................................................................... 2 1.5 Exploration Concept ................................................................................................................ 3 1.6 Exploration Status ................................................................................................................... 3 1.7 Metallurgical Assessment ........................................................................................................ 3 1.8 Resources ............................................................................................................................... 3 1.9 Mineral Reserves ..................................................................................................................... 4 1.10 Development and Operations .................................................................................................. 5 1.11 Financial Summary .................................................................................................................. 5 1.12 Conclusions and Recommendations ....................................................................................... 7 2 Introduction ..................................................................................................................................8 2.1 Scope of the Report ................................................................................................................. 8 2.2 Site Visit ................................................................................................................................... 8 2.3 Principal Sources of Information .............................................................................................. 8 2.4 Participants, Qualifications and Experience ............................................................................ 8 2.5 Independence ........................................................................................................................ 10 2.6 Abbreviations ......................................................................................................................... 10 3 Reliance on Other Experts ....................................................................................................... 12 4 Property Description and Location ......................................................................................... 13 4.1 Background Information on Democratic Republic of Congo (DRC) ...................................... 13 4.1.1 Demographics and Geographic Setting ........................................................................ 13 4.1.2 History and Political Status ........................................................................................... 13 4.1.3 Infrastructure ................................................................................................................ 13 4.1.4 Industry ......................................................................................................................... 14 4.1.5 Mining ........................................................................................................................... 14 4.2 Mineral Tenure ...................................................................................................................... 14 5 Accessibility, Climate, Local Resources, Infrastructure and Physiography ...................... 17 5.1 Access ................................................................................................................................... 17 5.2 Climate, Physiography & Local Resources and Infrastructure .............................................. 17 6 History ........................................................................................................................................ 18 6.1 Introduction ............................................................................................................................ 18 6.2 Belgian Exploration ................................................................................................................ 18 6.3 Current Exploration ................................................................................................................ 18 6.4 Resource History ................................................................................................................... 19 6.5 Production History ................................................................................................................. 19 7 Geological Setting ..................................................................................................................... 20 7.1 Regional Setting .................................................................................................................... 20 7.2 Project Geology ..................................................................................................................... 22 Kapulo Copper Project, DRC – MINEWPER00482AC National Instrument 43-101 Technical Report – 30 June 2011 Coffey Mining Pty Ltd 8 Deposit Types ............................................................................................................................ 24 9 Mineralization ............................................................................................................................ 25 10 Exploration ................................................................................................................................. 31 10.1 Belgian Exploration ................................................................................................................ 31 10.2 Falconbridge-Seremi Exploration .......................................................................................... 31 10.3 Mawson West Exploration ..................................................................................................... 32 11 Drilling ........................................................................................................................................ 34 11.1 Introduction ............................................................................................................................ 34 11.2 Mawson West Drilling ............................................................................................................ 34 11.3 Survey Control ....................................................................................................................... 35 11.4 Collar Pickups ........................................................................................................................ 36 11.5 Topography and Pit Surveys ................................................................................................. 36 11.6 Drilling Orientation ................................................................................................................. 36 11.7 Oxidation ............................................................................................................................... 36 11.8 Relationship Between Sample Length and Mineralised Thickness ....................................... 36 12 Sampling Method and Approach ............................................................................................