"The overall resource for the Redcliffe Gold Project has now...

"The overall resource for the Redcliffe Gold Project has now increased to 198,000 oz of gold, up from 175,000 oz
(ASX announcement 8/12/10)

Aside from the Redcliffe Gold Project’s estimated resource, an “Exploration Target Scoping Evaluation” that was
carried out in the December 2010 Quarter over part of the Kelly Prospect illustrated a number of cut-off grade
scenarios of targets that ranged up to 236,000 ounces of gold. Further drilling is planned to test higher grade zones
in the northern sector to increase confidence in that area of gold mineralisation to move toward adding to resource
estimates."