further significant drill assays from balama east issued shares

Syrah Resources Ltd (ABN 77 125 242 284). Level 9 - 356 Collins Street, Melbourne Victoria 3000 Australia

Ph 03 96707264 Fax 03 96420698 1

ASX Code SYR

Current Corporate Structure

Ordinary Shares

Issued Shares: 133,869,590

Options

Exercisable at $0.26: 17,000,000

Exercisable at $2.21: 500,000

Major Shareholders

McNeil Nominees Pty Ltd 12.33%

Basapa PL 10.54%

Copper Strike Ltd 8.22%

Board of Directors

Mr Tom Eadie

Non-Executive Chairman

Mr Paul Kehoe

Managing Director

Mr Alistair Campbell

Non-Executive Director

Mr Mike Chester

Non-Executive Director

Ms Melanie Leydin

Company Secretary

Key Projects

Balama Graphite Project

(Mozambique)

Has an Exploration Target* of 700Mt

to 900Mt of high grade mainly

medium to coarse flake graphite

with material vanadium credits

based on drilling and trenching.

Nachingwea Graphite Project

(Tanzania)

Has the potential to be high

tonnage, high grade, fine to coarse

flake graphite project.

Tanzania Mineral Sands

A very prospective portfolio of

mineral sands licence areas , some

of which have drill results up to 28%

heavy minerals.

Website

www.syrahresources.com.au

21 December 2012

FURTHER SIGNIFICANT DRILL ASSAYS FROM BALAMA EAST

Highlights Latest assay results for 6 more holes from Balama East confirm very

wide zones of high grade graphite and vanadium mineralisation

Highlights include: - BMDD0020 - 146.8m at 13.3% total graphitic carbon (TGC) and

0.43% V2O5, including 119.31m at 14.7% TGC and 0.48% V2O5

from 3.75m to 123.06m - BMDD0034 - 152.6m at 12.5% TGC and 0.33% V2O5, including

47.33m at 18.1% TGC and 0.58% V2O5from 2.6m to 49.93m

All holes began and ended in mineralisation

Based on hole widths and grades reported, SYR is on target to meet the Exploration Target* of 300 to 400 million tonnes at 11% TGC and 0.30% V2O5 for Balama East with the deposit open in all directions

Vanadium potential of Balama East confirmed with most holes returning wide zones including 47.3m @ 0.58% V2O5 which are comparable to the largest operating vanadium mine in the world - Rhovan (Xstrata) in South Africa

Reporting of JORC Resource for Balama West expected in early January with JORC Resource for Balama East anticipated in the March quarter 2013

Syrah Resources (ASX SYR) is pleased to report assays for diamond drill holes

BMDD0020, BMDD0025, BMDD0031, BMDD0033, BMDD0034 and BMDD0038

from Balama East (Figure 1). Results from the total drill holes are detailed first,

followed by any highlighted zones:

BMDD0020 – 146.8m at 13.3% TGC and 0.43% V2O5, including 119.31m at

14.7% TGC and 0.48% V2O5 from 3.75m to 123.06m

BMDD0025 – 119.73m at 12.1% TGC and 0.39% V2O5, including 67.4m at 16.2

% TGC and 0.53% V2O5 from 20.6m to 88m

This targeted tonnage and grade is conceptual in nature and there has been insufficient work to

define a Mineral Resource under the JORC Code and it is uncertain if further exploration will result

in the determination of a Mineral Resource.

http://www.syrahresources.com.au/


Ph 03 96707264 Fax 03 96420698 2

BMDD0031 – 152.6m at 9.0% TGC and 0.20% V2O5, including 18m at 14.7% TGC and 0.46% V2O5 from 5.6m

to 23.6m

BMDD0033 – 152.6m at 10.8% TGC and 0.32% V2O5, including 62.92m at 15.6% TGC and 0.49% V2O5 from

71.33m to 134.25m

BMDD0034 – 152.6m at 12.5% TGC and 0.33% V2O5, including 47.33m at 18.1% TGC and 0.58% V2O5from

2.6m to 49.93m

BMDD0038 – 242.6m at 11.4% TGC and 0.30% V2O5, including 58.13m at 16.2% TGC and 0.48% V2O5 from

56.09m to 114.22m, and 82.6m at 14.0% TGC and 0.34% V2O5 from 160m to 242.6m

Figure 1 – Balama East map showing drill hole and trench locations. Drill holes reported in this

announcement shown as a white circle


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All holes intercepted graphite and vanadium mineralisation from surface to end of hole. All holes were drilled

almost perpendicular to mineralisation indicating that true widths of at least 95% of the intersection thickness.

Full assays for the 6 holes are shown in the attached Appendix

On 13 November 2012, SYR announced exploration target of 300 to 400 million tonnes at 11% TGC and 0.30%

V2O5 for Balama East. Based on the assays for the initial 8 holes from Balama East announced on 13 November

2012 and these newly reported results, SYR is well on target to meet this exploration target.

The Balama East area is open in all directions, including at depth. Only small portions of the Balama deposit

have been drilled to date (Figure 2). Drilling has ceased for this calendar year due to the wet season which has

commenced in Mozambique. SYR is confident that it has delineated sufficient graphite to last in excess of a

100 year mine life. The only drilling envisaged next year will be to close off the high grade areas at surface as

shown in Figure 2. These areas run from about 15% to over 20% TGC. This drilling will add tonnage to the high

grade areas and close them off for mine planning purposes. Balama West and Balama East will also need

require some additional drilling to convert resources into reserves and for geotechnical drilling purposes.

Figure 2 – A 3-D model of the surface of the Balama Graphite and Vanadium Deposit, showing the location of Balama West and

East including drill hole and trench locations, and illustrating that these zones represent a small portion of the Balama Deposit,

most of which is yet to be drilled.


Ph 03 96707264 Fax 03 96420698 4

Vanadium potential strengthens

As previously reported, the largest operating vanadium mine in the world is Rhovan (Xstrata) in South Africa

which has a measured and inferred resource of 72.29 million tonnes grading 0.52% V2O5. Other than

BMDD0031, all of the holes announced herein have returned wide zones with comparable grades. Previous

assays also had several zones of comparable grade to Rhovan. The majority of the intersections are shown

below:

BMDD0020 – 119.31m at 0.48% V2O5 from 3.75m to 123.06m

BMDD0021 – 118m at 0.49% V2O5 from 90m to 208m

BMDD0022 – 175m at 0.48% V2O5 from 50.45m to 225.5m and 21.6m at 0.68% V2O5 from 266.7m to

288.3m

BMDD0023 – 109m at 0.50% V2O5 from 100m to 209m

BMDD0024 – 29.5m at 0.50% V2O5 from 26.48m to 56m

BMDD0025 – 67.4m at 0.53% V2O5 from 20.6m to 88m

BMDD0031 – 18m at 0.46% V2O5 from 5.6m to 23.6m



BMDD0038 – 58.13m at 0.48% V2O5from 56.09m to 114.22m

JORC Resources

The maiden JORC Resource Estimate for Balama West is now anticipated to be finalised by early January.

The samples for the remaining drill holes at Balama East are at the laboratory and Syrah anticipates

announcing the remaining results by early January. Calculation of a JORC resource for Balama East will then

commence. It is anticipated that the JORC resource will be received in the first quarter of 2013.

Paul Kehoe

Managing Director

Syrah Resources Ltd

Mobile contact - +61 3 414156288 Email – [email protected]


Ph 03 96707264 Fax 03 96420698 5

The information in this report as it relates to geology, geochemical, geophysical and exploration results was compiled by Mr Tom Eadie, FAusIMM, who is a Competent Person and Chairman of Syrah Resources Ltd. Mr Eadie has more than 20 years experience in the activities being reported on and has sufficient expertise which is relevant to the style of mineralisation and type of deposit under consideration. He consents to the inclusion of this information in the form and context in which it appears in this report.

APPENDIX BMDD0020

TGC >20% IN RED, 10-20% IN MAUVE, <10% IN BLACK

V2O5 % >0.35% IN RED, 0.17-0.34% IN MAUVE, <0.17% IN BLACK

From To TGC % V2O5 % 0 2.6 3.2 0.31

2.6 3.75 2.5 0.35

3.75 5.6 17.4 0.57

5.6 8.6 13.3 0.36

8.6 11.6 17.6 0.27

11.6 13.6 15.4 0.27

13.6 15.95 19.5 0.44

15.95 17.35 13.2 0.24

17.35 19 0.3 0.04

19 21 0.2 0.05

21 23 10.2 0.21

23 24.85 9.8 0.27

24.85 26.85 4.4 0.28

26.85 28.8 7.8 0.28

28.8 30.6 11.3 0.24

30.6 32.6 20.8 0.53

32.6 34.6 16.0 0.46

34.6 36.6 17.7 0.37

36.6 38.25 17.6 0.52

38.25 39.1 0.3 0.21

39.1 41.1 17.1 0.70

41.1 42.6 16.5 0.53

42.6 44.1 20.1 0.50

44.1 45.4 16.6 0.58


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45.4 48.18 0.3 0.16

48.18 50.1 21.0 0.47

50.1 51.6 20.7 0.85

51.6 53.31 21.2 1.08

53.31 55.3 16.9 0.44

55.3 57.3 16.6 0.66

57.3 59.3 16.7 0.62

59.3 61.3 17.2 0.48

61.3 63.3 18.8 0.65

63.3 65.3 16.5 0.54

65.3 67.3 16.1 0.64

67.3 69.3 15.8 0.75

69.3 71.3 19.2 0.88

71.3 73.3 19.3 0.71

73.3 75.3 13.0 0.36

75.3 77.3 18.7 0.55

77.3 79.3 20.3 0.74

79.3 81.3 18.8 0.95

81.3 83.3 19.2 0.76

83.3 85.3 20.2 0.78

85.3 87.3 16.7 0.69

87.3 89.3 19.7 0.76

89.3 91.1 15.6 0.79

91.1 91.88 0.7 0.04

91.88 93.3 12.9 0.41

93.3 94.67 17.0 0.77

94.67 95.6 1.3 0.04

95.6 97.6 12.8 0.20

97.6 99.6 8.5 0.38

99.6 101.6 8.7 0.21

101.6 103.6 15.8 0.52

103.6 105.6 18.8 0.54

105.6 107.6 18.2 0.34

107.6 109.1 19.8 0.37

109.1 110.99 19.4 0.35

110.99 112.5 12.5 0.29

112.5 114 11.6 0.37

114 115.57 10.0 0.20


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115.57 117.5 18.8 0.51

117.5 119.5 17.6 0.64

119.5 121.5 11.9 0.50

121.5 123.06 16.1 0.62

123.06 125 7.1 0.16

125 127 4.0 0.09

127 129 8.6 0.17

129 131 13.7 0.41

131 132.5 10.0 0.26

132.5 134 10.7 0.25

134 135.78 11.5 0.30

135.78 137.7 3.5 0.08

137.7 139.7 4.5 0.18

139.7 141.7 2.2 0.05

141.7 143.56 6.7 0.16

143.56 144.8 12.0 0.43

144.8 146.8 0.2 0.03

BMDD0025



From To TGC % V2O5 % 0 1.5 6.5 0.32

1.5 3.57 7.0 0.25

3.57 5.6 11.0 0.38

5.6 7.1 12.9 0.36

7.1 8.5 12.7 0.53

8.5 10.6 5.0 0.22

10.6 12.6 4.3 0.16

12.6 14.6 4.7 0.18

14.6 17.6 5.2 0.15

17.6 19.1 3.1 0.14

19.1 20.6 0.8 0.11

20.6 22.1 15.2 0.51

22.1 23.6 21.4 0.37


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23.6 25 18.6 0.58

25 27 19.9 0.52

27 29 18.1 0.48

29 31 19.2 0.61

31 33 20.0 0.84

33 35 20.3 0.85

35 37 21.0 0.95

37 39 15.0 0.43

39 41 16.8 0.46

41 42.5 22.9 0.83

42.5 44 19.3 0.84

44 45.25 17.3 0.78

45.25 46.73 1.9 0.03

46.73 48.2 13.1 0.50

48.2 50.2 10.5 0.39

50.2 52.2 10.9 0.37

52.2 54.2 5.7 0.10

54.2 56.2 10.9 0.35

56.2 58.2 14.4 0.48

58.2 59.96 12.8 0.29

59.96 62 22.2 0.37

62 64 19.0 0.31

64 66 19.8 0.52

66 68 13.4 0.37

68 70 17.4 0.50

70 72 18.2 0.67

72 73.5 13.4 0.44

73.5 75 19.6 0.59

75 77 17.0 0.83

77 79 16.4 0.71

79 80.5 18.4 0.85

80.5 82.06 18.6 0.71

82.06 84.06 19.0 0.76

84.06 86 10.5 0.28

86 88 11.8 0.28

88 89.55 9.6 0.23

89.55 91.55 2.4 0.04

91.55 93.55 4.5 0.06


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93.55 95.6 5.3 0.12

95.6 97 14.9 0.54

97 99 2.5 0.04

99 101 5.9 0.13

101 102.84 2.6 0.06

102.84 104.18 17.3 0.15

104.18 106.18 20.6 0.44

106.18 107.44 1.1 0.06

107.44 108.94 1.2 0.12

108.94 110.44 1.9 0.59

110.44 111.94 7.6 0.04

111.94 113.32 6.4 0.13

113.32 114.8 16.2 0.61

114.8 116.26 15.7 0.46

116.26 117.2 1.0 0.04

117.2 117.75 14.0 0.24

117.75 119.73 0.5 0.01

BMDD0031



From To TGC % V2O5 % 0 2.6 2.9 0.19

2.6 4.1 3.3 0.22

4.1 5.6 9.6 0.33

5.6 8.6 14.6 0.37

8.6 11.35 1.3 0.51

11.35 13.1 19.6 0.54

13.1 14.6 19.5 0.36

14.6 16.1 16.4 0.54

16.1 17.6 17.4 0.74

17.6 20.6 23.0 0.44

20.6 23.6 11.0 0.36

23.6 25.6 8.9 0.12

25.6 27.6 7.5 0.12


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27.6 29.6 7.0 0.12

29.6 31.6 7.0 0.09

31.6 33.15 7.4 0.12

33.15 35.2 0.0 0.04

35.2 37.2 7.9 0.15

37.2 39.2 11.4 0.23

39.2 40.7 9.5 0.17

40.7 42.2 7.4 0.12

42.2 43.52 7.9 0.11

43.52 44.88 0.1 0.04

44.88 46.8 10.4 0.16

46.8 48.8 8.5 0.12

48.8 50.23 8.6 0.08

50.23 53.99 0.0 0.08

53.99 55.95 7.1 0.09

55.95 57.95 9.0 0.12

57.95 59.95 14.3 0.30

59.95 61.95 11.2 0.17

61.95 63.95 10.5 0.12

63.95 65.95 10.1 0.12

65.95 67.95 9.9 0.18

67.95 69.93 9.9 0.21

69.93 71.59 0.0 0.05

71.59 73.5 9.9 0.13

73.5 75.38 11.4 0.13

75.38 77.88 0.0 0.04

77.88 80.33 0.0 0.04

80.33 82.3 11.3 0.21

82.3 84.28 11.2 0.26

84.28 86.95 0.0 0.04

86.95 88.95 8.8 0.21

88.95 90.48 7.3 0.12

90.48 92.5 9.2 0.12

92.5 94.5 11.0 0.12

94.5 96.5 10.3 0.19

96.5 98.5 9.4 0.13

98.5 100.5 9.7 0.16

100.5 102.5 10.7 0.16


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102.5 104.53 13.7 0.25

104.53 106.5 20.3 0.52

106.5 108 18.6 0.42

108 109.6 13.8 0.27

109.6 111.3 18.5 0.47

111.3 113.3 11.8 0.12

113.3 114.8 4.2 0.16

114.8 116.4 7.8 0.23

116.4 118.4 11.0 0.25

118.4 120.4 11.7 0.27

120.4 122.4 10.8 0.26

122.4 124.4 10.2 0.29

124.4 126 10.2 0.28

126 127.5 8.8 0.22

127.5 129 8.0 0.12

129 131 9.0 0.12

131 133 4.2 0.09

133 135 4.1 0.09

135 136.5 3.9 0.09

136.5 138.3 4.2 0.09

138.3 140.3 10.0 0.16

140.3 142.3 7.6 0.20

142.3 144.3 7.5 0.17

144.3 146.3 5.2 0.15

146.3 148.3 9.1 0.12

148.3 149.8 10.1 0.22

149.8 151.3 11.4 0.22

151.3 152.6 7.7 0.28

BMDD0033




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From To TGC % V2O5 % 0 0.4 2.3 0.21

0.4 2.6 8.7 0.32

2.6 5.6 10.1 0.37

5.6 8.6 9.7 0.14

8.6 10.1 11.7 0.29

10.1 11.84 10.3 0.27

11.84 12.87 21.4 0.24

12.87 14.6 12.8 0.32

14.6 17.6 11.5 0.29

17.6 20.6 8.4 0.25

20.6 23.6 10.2 0.30

23.6 26.25 6.9 0.26

26.25 27.7 14.1 0.37

27.7 29.2 14.7 0.63

29.2 30.55 17.4 0.44

30.55 32.5 15.5 0.39

32.5 34.15 16.5 0.47

34.15 36.15 6.9 0.19

36.15 38.15 6.2 0.12

38.15 39.73 6.7 0.15

39.73 41.54 13.4 0.23

41.54 42.44 0.4 0.03

42.44 44.4 10.5 0.17

44.4 46.4 10.4 0.27

46.4 49.4 0.1 0.00

49.4 52.4 0.0 0.03

52.4 55.71 0.0 0.02

55.71 57.7 8.3 0.19

57.7 59.7 7.1 0.16

59.7 61.7 6.7 0.12

61.7 63.21 9.6 0.21

63.21 65.15 4.7 0.16

65.15 66.41 1.3 0.05

66.41 68.4 4.1 0.15

68.4 70 5.3 0.17

70 71.33 5.5 0.16


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71.33 72.8 19.5 0.51

72.8 74.29 19.3 0.50

74.29 75.6 6.5 0.10

75.6 76.96 4.7 0.12

76.96 78.9 18.0 0.55

78.9 80.9 16.7 0.71

80.9 82.9 15.3 0.60

82.9 84.9 12.4 0.53

84.9 86.85 18.1 0.69

86.85 88.85 12.5 0.37

88.85 90.65 12.3 0.46

90.65 92.65 17.6 0.71

92.65 94.65 11.8 0.30

94.65 96.65 12.2 0.71

96.65 98.65 13.5 0.50

98.65 100.5 10.8 0.34

100.5 102.1 8.0 0.24

102.1 104.1 19.3 0.63

104.1 106.1 20.0 0.36

106.1 108.1 18.4 0.35

108.1 110.1 19.9 0.32

110.1 111.6 14.6 0.24

111.6 113.3 20.8 0.33

113.3 115.3 16.7 0.46

115.3 117.3 15.0 0.67

117.3 119.3 12.6 0.56

119.3 121.3 18.1 0.64

121.3 123.3 15.5 0.52

123.3 125.3 21.1 0.54

125.3 127.3 19.7 0.55

127.3 129.3 13.4 0.42

129.3 131.3 19.3 0.72

131.3 132.9 13.7 0.52

132.9 134.25 16.4 0.64

134.25 136.25 5.7 0.17

136.25 138.25 3.7 0.08

138.25 140.25 2.3 0.05

140.25 142.25 1.3 0.04


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142.25 144.25 3.7 0.08

144.25 146.05 2.1 0.04

146.050 147.87 3.6 0.09

147.87 149.55 11.6 0.47

149.55 151.1 5.2 0.12

151.1 152.6 8.4 0.37

BMDD0034



From To TGC % V2O5 % 0 2.6 5.2 0.30

2.6 4.1 17.0 0.53

4.1 5.6 18.6 0.40

5.6 8.6 18.8 0.41

8.6 10.1 23.0 0.40

10.1 11.6 11.7 1.10

11.6 13.6 20.6 0.23

13.6 15.6 19.3 0.79

15.6 17.6 19.1 0.52

17.6 19 18.4 0.77

19 20.6 19.4 0.54

20.6 23.6 20.0 0.57

23.6 25.1 16.3 0.42

25.1 26.6 19.0 0.49

26.6 29.6 18.9 0.70

29.6 31.6 21.6 0.85

31.6 33.6 18.3 0.52

33.6 35.6 19.8 0.62

35.6 38.6 17.0 0.53

38.6 41.6 13.8 0.43

41.6 43.6 14.8 0.37

43.6 45.4 16.8 0.74

45.4 46.9 17.2 0.73

46.9 48.4 18.4 0.65


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48.4 49.93 16.5 0.54

49.93 51.96 7.1 0.09

51.96 53.9 8.9 0.13

53.9 55.9 7.6 0.12

55.9 57.9 8.3 0.21

57.9 59.9 8.3 0.09

59.9 61.9 7.7 0.16

61.9 63 8.5 0.18

63 65.6 7.9 0.12

65.6 67.6 7.5 0.13

67.6 69.16 7.0 0.15

69.16 71.15 8.0 0.14

71.15 73.15 12.1 0.30

73.15 75.15 9.7 0.23

75.15 77.15 10.3 0.27

77.15 79.15 9.8 0.17

79.15 81.15 8.9 0.16

81.15 83.15 8.8 0.11

83.15 85.15 10.9 0.27

85.15 87.1 11.5 0.21

87.1 89.04 7.9 0.16

89.04 91 13.3 0.34

91 92.5 13.5 0.38

92.5 94.42 13.5 0.33

94.42 96.05 0.4 0.00

96.05 98 11.1 0.17

98 100 10.4 0.18

100 102 10.3 0.18

102 104 11.1 0.21

104 106 10.2 0.12

106 108 10.0 0.11

108 110 11.0 0.16

110 112 10.3 0.23

112 113.46 10.1 0.15

113.46 115.15 0.1 0.00

115.15 117.15 8.5 0.15

117.15 119.15 10.0 0.14

119.15 121.15 9.4 0.13


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121.15 123.15 9.6 0.12

123.15 125.15 9.4 0.11

125.15 127.15 12.5 0.26

127.15 128.85 10.7 0.29

128.85 130.55 11.0 0.18

130.55 131.95 0.5 0.04

131.95 133.9 16.8 0.45

133.9 135.9 17.0 0.49

135.9 137.9 16.3 0.45

137.9 139.49 17.9 0.46

139.49 140.51 0.4 0.03

140.51 142.5 15.3 0.54

142.5 144.5 13.8 0.37

144.5 146.5 12.9 0.37

144.5 146.5 13.0 0.35

146.5 148 12.7 0.37

148 149.5 12.8 0.37

149.5 151 17.4 0.45

151 152.6 12.4 0.28

BMDD0038



From To TGC % V2O5 % 0 2.6 1.2 0.12

2.6 4.6 6.1 0.18

4.6 5.6 2.9 0.17

5.6 8.6 2.4 0.16

8.6 11.6 2.8 0.15

11.6 14.6 3.3 0.14

14.6 17.6 6.1 0.17

17.6 20.6 4.9 0.16

20.6 23.6 4.7 0.17

26.6 29.6 4.5 0.14

29.6 31.6 8.0 0.19

31.6 33.1 7.6 0.16


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33.1 34.6 4.3 0.18

34.6 35.85 3.5 0.20

35.85 37.8 2.8 0.12

37.8 39.8 6.5 0.17

39.8 41.8 1.9 0.09

41.8 43.2 2.3 0.10

43.2 44.6 3.1 0.28

44.6 46.6 7.6 0.17

46.6 48.6 8.2 0.17

48.6 50.6 7.1 0.17

50.6 52.6 5.2 0.11

52.6 54.6 6.4 0.12

54.6 56.09 9.0 0.19

56.09 58 18.3 0.46

58 60 16.2 0.47

60 62 18.8 0.55

62 64 20.0 0.62

64 66 20.3 0.61

66 68 18.6 0.56

68 70 15.5 0.49

70 71.5 13.6 0.62

71.5 73 19.2 0.60

73 74.6 17.3 0.49

74.6 76.6 17.9 0.49

76.6 78.6 14.0 0.48

78.6 80.6 15.2 0.43

80.6 82.6 17.6 0.63

82.6 84.1 21.1 0.66

84.1 85.6 17.5 0.53

85.6 87.6 14.4 0.37

87.6 89.6 8.5 0.20

89.6 91.6 9.9 0.22

91.6 93.6 12.6 0.33

93.6 95.6 12.7 0.28

95.6 97.6 17.4 0.46

97.6 99.6 21.0 0.65

99.6 101.6 17.4 0.70

101.6 103.6 14.3 0.37


Ph 03 96707264 Fax 03 96420698 18

103.6 105.6 12.7 0.29

105.6 107.1 19.4 0.52

107.1 108.6 18.6 0.64

108.6 109.96 12.4 0.24

109.96 111.28 8.7 0.17

111.28 112.78 17.6 0.38

112.78 114.22 19.8 0.84

114.22 115.55 9.3 0.15

115.55 117.5 3.9 0.07

117.5 119 9.0 0.12

119 120.5 6.9 0.14

120.5 122.5 2.4 0.07

122.5 124.23 0.1 0.03

124.23 126 7.3 0.25

126 128 8.8 0.26

128 130 9.1 0.23

130 132 9.6 0.22

132 134 5.9 0.16

134 136 9.5 0.20

136 138 13.8 0.37

138 140 11.6 0.33

140 142 9.0 0.18

142 144 10.3 0.22

144 146 6.8 0.17

146 148 8.2 0.17

148 150 18.1 0.57

150 152 11.5 0.25

152 154 10.4 0.13

154 156 9.5 0.18

156 158 11.1 0.25

158 160 9.5 0.13

160 162 10.0 0.20

162 164 11.2 0.27

164 166 10.7 0.25

166 167.6 10.3 0.21

167.6 169.6 16.8 0.50

169.6 171.1 16.5 0.43

171.1 172.6 19.6 0.62


Ph 03 96707264 Fax 03 96420698 19

172.6 174.12 17.5 0.43

174.12 175.6 16.0 0.44

175.6 177.6 13.8 0.34

177.6 179.54 15.3 0.34

179.54 181.54 16.1 0.56

181.54 183.5 13.8 0.31

183.5 185.5 17.1 0.41

185.5 187.5 14.8 0.43

187.5 189.5 10.0 0.19

189.5 191.5 9.7 0.12

191.5 193.5 10.8 0.27

193.5 195.5 14.6 0.29

195.5 197.5 10.7 0.22

197.5 199.5 11.0 0.23

199.5 201.5 11.9 0.23

201.5 203.5 12.7 0.32

203.5 205.47 14.2 0.37

205.47 207.45 11.6 0.28

207.45 209.45 9.9 0.12

209.45 210.95 10.7 0.23

210.95 212.44 15.6 0.36

212.44 213.8 11.7 0.29

213.8 215.21 19.4 0.51

215.21 217 13.3 0.21

217 218.5 12.6 0.21

218.5 220 14.3 0.31

220 222 11.9 0.20

222 224 11.2 0.22

224 226 16.9 0.31

226 228 18.6 0.52

228 230 15.5 0.44

230 232 19.7 0.50

232 234 15.7 0.40

234 236 16.2 0.46

236 238 17.1 0.50

238 239.5 13.1 0.35

239.5 241 15.6 0.42

241 242.6 18.9 0.46

further significant drill assays from balama east issued shares

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