Operations » Reserves & Resources

MINERAL RESOURCES AS AT 30 JUNE 2007 (ABOVE 50% Fe)

Tallering Peak

Tonnes
(millions)
Fe%
SiO2%
AI2O%
P%
  Measured
14.0 63.4 3.85 2.13 0.023
  Indicated
5.5 59.2 7.45 2.86 0.049
  Inferred
1.5 54.4 13.10 4.28 0.075
  Total
21.0 61.6 5.47 2.48 0.033


Extension Hill

 
Tonnes
(millions)
Fe%
SiO2%
AI2O%
P%
  Indicated
12.8 60.0 5.36 1.75 0.063
  Inferred
6.7 59.6 6.76 1.77 0.056
  Total
19.5 59.9 5.84 1.76 0.060


Koolan Island

 
Tonnes
(millions)
Fe%
SiO2%
AI2O%
P%
  Measured
1.5 63.6 6.71 1.19 0.021
  Indicated
43.6 63.6 6.68 1.16 0.021
  Inferred
17.7 62.0 9.04 0.99 0.020
  Total
62.8 63.2 7.34 1.11 0.021

 

  Total
103.3 62.2 6.68 1.51 0.031

 

The information in this report relating to Mineral Resources at Tallering Peak and Extension Hill is based on information compiled by Rolf Forster, who is a member of the Australasian Institute of Mining and Metallurgy.

The information in this report relating to Mineral Resources at Koolan Island is based on information compiled by Chris Arnold (CPGeo), principle of Chris Arnold Resource Consultants. Chris Arnold is a Member of the Australasian Institute of Mining and Metallurgy.

Rolf Forster and Chris Arnold are consultants to Mount Gibson Mining Limited, and have sufficient experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which they are undertaking, to each qualify as a Competent Person as defined in the December 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

Rolf Forster and Chris Arnold have consented to the inclusion of the matters in this report based on their information in the form and context in which it appears.

MINING RESERVES AS AT 30 JUNE 2007

Tallering Peak

 
Tonnes
(millions)
Fe%
SiO2%
AI2O%
P%
  Proven
14.1 62.7 4.46 2.29 0.023
  Probable
4.2 58.3 8.26 3.68 0.032
Total
18.3 61.7 5.32 2.60 0.025
  Ore &  Product
  Stockpiles
0.6 60.5 7.09 2.61 0.03


Extension Hill

 
Tonnes
(millions)
Fe%
SiO2%
AI2O%
P%
  Probable
12.8 60.3 5.48 1.64 0.062
  Total
12.8 60.3 5.48 1.64 0.062


Koolan Island

 
Tonnes
(millions)
Fe%
SiO2%
AI2O%
P%
  Proven
1.5 63.6 6.69 1.19 0.021
  Probable
28.4 64.9 5.25 0.98 0.018
  Total
29.9 64.8 5.32 0.99 0.018
  Ore &  Product
  Stockpiles
0.4 61.6 6.09 3.48 0.030

 

  Total
62.0 62.9 5.38 1.63 0.029

 

The information in this report relating to Ore Reserves is based on information compiled by Rolf Forster and Weifeng Li, who are both members of the Australasian Institute of Mining and Metallurgy.

Rolf Forster and Weifeng Li are consultants to Mount Gibson Mining Limited, and have sufficient experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which they are undertaking, to each qualify as a Competent Person as defined in the December 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

Rolf Forster and Weifeng Li have consented to the inclusion of the matters in this report based on their information in the form and context in which it appears.

 

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