Geos Mining project 2660-04
1.4.
Broken Hill Prospecting Limited Thackaringa Cobalt-Pyrite Project
Technical Assessment Report
PRINCIPLES
The appropriate professional standards for the preparation of valuation and independent expert reports relating to mineral assets are encompassed in the provisions of the VALMIN Code 20151. This report2 has been prepared in accordance with the principles and relevant sections of that Code. Mineral Resources quoted in this report are reported in accordance with the JORC Code 20123. Where tonnage/ grade estimates are not considered to meet the requirements of the JORC Code 2012, then they are not referred to as Mineral Resources. A draft of this report has been presented to the management of BHPL for comment and correction of any errors of fact. Geos Mining has no reason to believe that any information provided by BHPL is misleading or that any material facts have been withheld. Geos Mining’s assessment of the projects and proposed exploration programs and budgets is based on technical reviews of relevant data, including data provided by the company. Geos Mining has accepted this data as being provided in good faith and we have no reason to believe that any technical information obtained or provided is erroneous or misleading. Geos Mining has conducted limited checks on the status of the various tenements concerned, but we have not undertaken a full legal due diligence of the tenements.
1.5.
DISCLOSURE BY GEOS MINING
Geos Mining previously completed an IGR and an Independent tenement Report (ITR) for the Thackaringa Project in August 2010. Geos Mining has also carried out mineral resource estimation work for BHPL on other projects held by the company. Geos Mining was recompensed for this work on an hourly rate basis with no success fee, with fees for this report being approximately $15,000.
1.6.
ASSESSMENT METHODOLOGY
The appropriate professional standards for the preparation of independent expert reports are encompassed in the provisions of the VALMIN Code 2015. This report has been prepared in accordance with the principles and relevant sections of that Code. Measured, Indicated and Inferred Resources, Exploration Targets and exploration results quoted in this report are reported in accordance with the JORC Code 2012. This report has been based on data, reports and other information made available by BHPL, or otherwise obtained through publicly available sources. The historical geological investigations generally appear to have been undertaken to Australian standards. 1 Code for the Technical Assessment and Valuation of Mineral and Petroleum Assets and Mineral and Petroleum Securities for Independent Expert Reports, 2015 (the “VALMIN Code 2015”) published by AusIMM (http://www.ausimm.com/codes/valmin.asp) 2 For the purposes of the VALMIN Code 2015, the present report is a Valuation Report, which deals with the Valuation of Mineral Assets 3
Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 published by the Joint Ore Reserves Committee Page | 2
TECHNICAL ASSESSMENT REPORT
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PROSPECTUS
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