Resource Statements

Project Area	Classification	Tonnes (Mt)	Fe %	SiO2 %	Al2O3 %	LOI%	P %
Peculiar Knob	Reserve Indicated Inferred	6.81 1.85 1.50	63.63 62.95 61.72	8.00 8.52 10.52	0.26 0.26 0.52	0.41 0.44 0.36	0.02 0.01 0.02
Peculiar Knob	Subtotal	10.16	63.22	8.99	0.36	0.39	0.01
Buzzard DSO Hematite (Hawks Nest)	Indicated Inferred Subtotal	17.75 3.51 21.26	60.49 58.19 60.11	9.80 13.10 10.35	1.54 1.33 1.50	1.05 1.31 1.09	0.05 0.05 0.05
Buzzard DSO Hematite (Hawks Nest)	Pit Inventory Strip ratio = 3.6 : 1	9.75	61.6	8.50	1.40	1.05	0.04
Tui DSO Hematite (Hawks Nest)	Indicated Inferred Subtotal	1.68 2.24 3.92	58.31 58.38 58.35	13.32 13.22 13.23	0.96 0.95 0.96	1.09 0.96 1.02	0.06 0.07 0.06
Kestrel Magnetite (Hawks Nest)	Indicated Inferred Subtotal	144.9 86.4 231.30	37.00 35.60 36.50	37.50 40.08 38.46	0.90 0.83 0.88		0.06 0.06 0.06
Exploration Targets
Goshawk Magnetite	Inferred	149.0	35
Harrier Magnetite	Inferred	54.0	35
Kite Magnetite		30.0	51
Falcon Magnetite		25.0	32
Eagle Magnetite		92.0	31