Update of Lady Annie Operation Mineral Resource and Reserve Statement

ANTHILL

LADY ANNIE

Lady Annie Mineral Resources Summary, as at October 2010

* Lady Annie/Lady Brenda Mineral Resource (Above 174mRL) remains as per December 2007 model completed by CSA Australia Pty Ltd. Small discrepancies may occur due to rounding.

Summary of total oxide Ore Reserves after mining depletion as at 31 December 2009

Note: Tonnage and grade figures have been rounded to two decimal places.