TASIAST SOUTH
GOLD PROJECT

TASIAST INVESTMENT HIGHLIGHTS

01

Excellent gold results already achieved

02

Same geology as Kalgoorlie, without the crowds

03

36 km south of Kinross’ 20 Moz Tasiast Mine

04

125 km2 under-explored virgin Archean greenstone belt

05

Kalgoorlie region is proof these deposits repeat

06

$3m spent by previously over a brief 16 month period

07

Exploration results from first pass were excellent:

  • Wide gold system detected – similar to Tasiast gold mine
  • Several high-grade gold intersections

GOLD ASSET OUTLINE

image 21

PREVIOUS GOLD WORK

  • 1st pass exploration;
  • Air magnetics
  • Bedrock sampling
  • RC drill follow-up
  • Excellent results;
  • Wide gold system with economic grades
  • Several high grade gold intercepts
image 22

GHASSARIAT ZONE RESULTS
INDICATE LARGE SYSTEM SIZE

image 23

GHASSARIAT DRILL RESULTS

Section of Ghassariat
shows:

  • Very similar results & geology to Tasiast orebodies
  • May have only intersected the top of a Tasiast system
  • 71 metre length indicates large system
  • Tasiast grades achieved
  • This Ghassariat drilling is all above 100m
  • Main Tasiast mineral zones are all below 150-200m
image 24

Initial work indicates good potential to repeat Tasiast style mineralisation at plus 200m depths

GHASSARIAT DRILLING V ACTUAL TASIAST

image 25

2KM INFERRED STRIKE ON GHASSARIAT ZONE

  • Long low grade intercepts in early gold exploration demonstrate large system size
  • The initial 71m @ 0.3 g/t Au intercept was followed by an important hit
  • 1.5km west of the initial hit 38m @ 0.4g/t Au drilled
  • Indicates potential for large system
  • Tasiast systems run over several kms
image 27
Frame 61

Total Au (M.Oz)

g/t Au

Normandy

2000

2.1

2.1

Midas

Jan 2003

1.8

1.9

Defiance

Oct 2003

2.1

2.7

Rio Narcea

Sept 2006

2.1

2.7

Redback

Dec 2007

2.4

2.1

Redback

Dec 2008

4.5

1.2

Redback

Dec 2009

5.7

2.1

Redback

Aug 2010

8.7

2.4

Kinross

Dec 2011

20.5

1.2