Northern Mining

Projects Snapshot

Tier 1 Projects (Short Term Production Horizon)

GOLD AND SULPHIDE NICKEL FOCUS, WESTERN AUSTRALIA

  • East Kalgoorlie Blair North Project Recent Major Gold Intercepts (to 04/07/2008):
    • 6m downhole (from 72m to 78m) @ 9.5g/t Au including 1m (from 72m to 73m @ 34.55g/t Au).
    • 19m downhole (from 59m to 78m) @ 3.8g/t Au (within a mineralised zone of 41m from 37m to 78m @ 2.27g/t Au.)
    • 25m downhole (from 99m to 124m) @ 4.05g/t Au including an internal high grade zone of 10m (from 107m to 117m) @ 8.39g/t Au.
    • 24m downhole (from 36m to 60m) @ 2.16g/t Au, including an internal high grade zone of 8m (from 37m to 45m) @ 5.64g/t Au.
  • East Kalgoorlie Blair North Project New Nickel Discovery:
    • 8m downhole (from 156m to 164m) @ 1.84% Ni (Sulphide);Including:
    • 3m downhole (from 156m to 159m) @ 2.63% Ni (Sulphide).
    • 2m downhole (from 161m to 163m) @ 2.94% Ni (Sulphide).
    • 1m downhole (from 161m to 162m) @ 4.40% Ni (Sulphide).
    • Close to potential processing plants (Jubilee, Black Swan, Kambalda).

LATERITE NICKEL FOCUS POLAND, SZKLARY NICKEL PROJECT

  • Inferred Mineral Resource 16.8Mt @ 0.6% Ni for 94,000t contained metal.
  • Heads of Agreement with Polish Copper Giant KGHM for undertaking of Feasibility Study into joint development of the deposit.
  • Feasibility Study expected to commence in early 2009.

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Tier 2 Projects (Medium Term Production Horizon)

GOLD FOCUS POLAND

Radzimowice Gold Project:

  • Previously exploited gold, silver, arsenic, copper.
  • Historical grades of 10 – 44g/t gold.
  • Recent 3D model digitised from series of historical mining plans exposes potential for significant down dip extension of gold vein systems.
  • Targeting gold endowment in range of 1500 – 2500 oz per vertical metre.
  • Total concession area 10.86km2.
  • Close to existing infrastructure.
  • Commencement of work programmes.
  • Preliminary drilling programme due to commence Q1 2009.

URANIUM, MOLYBDENUM, HEAVY MINERALS, COPPER, TIN, IRON FOCUS WESTERN AUSTRALIA

East Kimberley Durack Range Project containing up to: 9.7% copper, 0.136% uranium, 2% thorium, 8% titanium oxide, 8% zircon, 5% monazite, 60% ilmenite, 0.297% molybdenum.

  • >1200 square kilometres tenement area.
  • Up to 95% heavy minerals in 12 kilometre strike length.
  • Planning of exploration programmes has commenced.

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Tier 3 Projects (Longer Term Production Horizon)

URANIUM, NICKEL, BASE METALS, COPPER, COBALT, ZINC FOCUS

NORTHERN TERRITORY

  • > 8,000 square kilometres tenement area (6 projects).
  • Close to Alice Springs infrastructure.
  • Milton Park Project: excellent potential secondary uranium deposits. Extensive airborne surveys 2008.

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