21 JanLAMBOOABN 27 09

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CORPOLevel 6, 3Brisbane

OPERATUnit 2, 7 JoondaluTelephon

CONTAC Richard TChief Exerichard@0412 307 Tony CorExecutiveHead of Otony@lam0427 349

nuary 2015O RESOURCE99 098 192

MB

RATE OFFIC344 Queen St QLD 4000

TIONS OFFIPackard Stree

up WA 6027 ne: +61 8 930

CT

Trevillion ecutive Officer

@lambooresour7 087

rmack e Director / Operations mbooresource 451

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01 1047

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Figure 1: F

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ber 2014 Vvered a tive of thes

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pleased to y Russell ve anomaassociated

VTEM supetotal of 64se were prechniques analysis, ro

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Tony C

Execut

Compete

InformatioinformatioMining anwhich is edition ofmatters r

Cormack

tive Directo

ent Persons S

on in this repon previouslynd Metallurgy relevant to th

f the Australasreviewed by hi

or / Head o

Statement 

port relating ty compiled any and a full-timhe activity presian Code of im in the form

of Operatio

to explorationnd / or review

me employee oeviously undeReporting of Eand context in

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ons

n results and wed by Mr. Toof Lamboo Reertaken to quaExploration Ren which they a

geological daony Cormack,sources Limit

alify as a "Coesults and conappear.  

ata at the Mc, Member of ed. Mr. Cormampetent Persnsents to the

cIntosh Projethe Australas

ack has sufficson", as defininclusion in th

ct is based osian Institute cient experiencned in the 201his report of th

on of ce 12 he

For

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App

t

V

L

pendix 1 –

Sectio

Crite

Sampling te

Drilling tec

Drill sample

Logg

Sub-samechniques a

prepar

Quality of aand labora

Verification oand ass

Location of d

Data spacdistrib

Orientationrelation to g

struc

Sample s

Audits or

– JORC 20

on 1 eria

echniques

chniques

e recovery

ging

mpling and sample ration

assay data atory tests

of samplingsaying

data points

cing and bution n of data in geological

cture

security

r reviews

012 Criteri

Reverse samples splitter duRC usingRC split sthe drill riAll RC ch1m sampLaboratorpulverisedTotal SulpThe RC sblank andduplicate process a

g VerificatioadjustmeDrill holedifferentiaGarmin 7accuracy.RC drill htraversesRC drill hhorizons.with α anSamples sealing ptransportdespatchsecurity iSamplingmanagem

ia  

Circulation which repre

uring the drillg a 5.5 inch hsamples havig. The samphips were geoples from tries in Perthd and analysphur (TS) ussamples thad certified sand standa

and the dataon was bas

ents to assaye collars weal GPS. Preli76c Global . The map pholes at the s 80 to 250 mholes were d. Diamond dd β angles mwere collect

plastic bags ed by road to

hed to Actlabs considered

g techniquesment services

(RC) drillinesent 1m splling processhammer. Holve been recople recovery ologically logthe RC dril. The samplesed for Totaing a Leco F

at were submstandard at aard samples

and was foused on use y data has beere surveyeiminary RC cPositioning

projection useTarget 1 Ex

m apart. drilled at neadrill core hasmeasured anted from the prior to beino Actlabs in bs Laboratod to be adeqs and data s in Perth, W

Comment

ng was empits. The sam. es ranged u

overed from aand physica

gged in the filing were ses were rifflel Graphitic C

Furnace, andmitted to theapproximatewere statist

und to be satof duplicat

een made. ed by Whelcollars were System (“Ged is the Ausxtension and

ar perpendicus been oriennd positioned

cone splitterng put into bPerth. The sries in Canauate.

have beenWA – Rock So

ary

ployed to gemples are tak

p to a maxima cyclone andl state were eld by qualif

submitted toe split on a 5Carbon (TGC

the other spe laboratory ly every 20t

tically analysisfactory. es, standard

ans Surveylocated by hPS”) units w

stralian GeodTargets 2, 3

ular to the stnted using a using a Kenr in calico baulka bags. T

samples wereada or ALS

n handled bolid Data Pty

enerate 2 tken directly f

mum depth ofd cone splittrecorded. fied geologiso either Act50:50 basis, C), Total Carplit held as ininclude a duth sample sused as part

ds and blan

yors, Kununhand-held Gawith a typicdetic MGA 943, 5 and 6 a

trike of the gReflex ACE

nometer. ags and thenThe bulka bae processed in Brisbane

by an indey Ltd.

to 3 kilografrom the con

f 198m. er mounted t

ts. tlabs or ALwith one sp

rbon (TC) ann storage. uplicate, sanubmitted. Thof the QAQ

nks used. N

urra using armin 62S ancal ±5 metre4 Zone 52. are spaced o

graphitic schiE tool (Act I

placed in seags were theand the pulp. The samp

pendent da

m ne

to

LS plit nd

nd he

QC

No

a nd es

on

st I),

elf en ps

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ta

For

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Section 2

Cri

Mineral teland ten

Exploratiother

Geo

Drill hole

Data agmet

Relationshmineralisaand interc

Diag

Balanced

Other suexplora

Furth

2 iteria

enement andure status

on done by r parties

ology

Information

gregation thods

hip betweenation widthscept lengths

grams

d reporting

ubstantive ation data

er work

d

Lamboothe McInarea of are no subject The Eano activduring Ruglessof the exploraThundeLamboooccur inEast Kimthe Ticwesterngranulitepressurelargely sillimanLambooanomaliwith potThe Mcidentifiedrilled to

n A total o5 and 6 All dataSolid Pt

n s s

There iGraphitevident be cleaRefer toAll RC reportedAll explholes thRC andand 6. A

o Resources ntosh Projec665.3 km2. encumbran

to a mill gatest Kimberleyve previous regional mas mapping aGreat Northtion by Aus

erlarra Resouo Resourcesn the high gramberley of Wkalara Meta

n side of the metamorpe although tupper amphite and evide

o has identifies over a sttential for ancIntosh targed target areao date with aof 165 RC an at McIntosh

a is handled ty Ltd. is a very clotic Carbon T

in both the rly related too the figures

samples frod on. oration data

hat have resud diamond drAdditional dr

Limited holdct area in theAll granted mces, royaltiee net royalty y has been laexploration f

apping in thand RAB drillhern Highwastralian Anglurces Ltd oves Ltd recognade metamoWestern Ausamorphics ee major Ha

phic facies uthe metamohibolite facieence of originfied graphitetrike length other 25 kmet areas conas – Targets

additional drilnd diamond dh Graphite fo

by an indep

ose relationsTGC% assaRC chips an

o the geologicin the text of

om drilling a

a has been reulted in a JOrilling prograrilling at Targ

Comment

ds eight (8) ge East Kimbemining tenemes or impedof 1%.

argely explorfor graphite. e Mabel Doing in the vic

ay in 1993 o American er the last 20nised the poorphic terrain tralia. The h

extending foalls Creek Funder condirphic grade es with the nal cordieritee schist horin excess of strike lengthntains typicas 1, 2, 3, 5 &lling planneddrill holes haor a total of 1pendent data

ship betweeays. The prend diamond dcal logs. f this documat Targets 1

eported on aORC 2012 co

ms are planget 1 is plann

tary

granted ELs erley, WA. Thments are indiments exce

red for base Graphite ha

owns area fcinity of Meloand has beLtd, Panor

0 years. tential for grof the Halls ost stratigra

or approximaFault. The mtions of higin the McInpresence o

e. rizons and f 10 km withh of graphiteal flake grap& 6. Targets for Targets ve been com7,985.5 metrabase mana

en the graphesence of gdrill core so

ent , 5 and 6 h

and include mpliant resoned for graped to increas

and three (3he tenementsn good standept for E80

metals and dad been notefor the BMRon Patch boeen located ramic Resou

raphite schis Creek Mobi

aphy has beeately 130 kmetamorphicgh-temperatuntosh area aof key mine

accompanyihin the grante schist in ELphite and ints 1,2, 3 and1, 3, 4, 5 an

mpleted at Tares.

ager in Perth

hitic schist ugraphitic schthat the ass

have been

165 RC andource at Targphitic schist Tse the graph

3) ELAs withs cover a tot

ding and the0/4733 that

diamonds wied by Gemu

R in 1967, bre, to the eaduring nick

urces Ltd an

st horizons le Zone in th

en mapped akm along thc rocks reacure and higappears to berals such a

ng aerial Eted tenemenL applicationclude five (5

d 5 have beed 6.

argets 1, 2, 3

h, WA - Roc

unit and Tothist is clearay widths ca

analysed an

d diamond drget 1. Targets 1, 2, hite resource

in tal re is

th tz

by ast kel nd

to he as he ch h-be as

M ts s. 5) en

3,

ck

tal rly an

nd

rill

5 .

For

per

sona

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Section 3

Cri

Databas

Site

GeolInterp

Dime

Estimamodelling

Moi

Cut-off p

3 Estimaiteria

se integrity

visits

logical pretation

ensions

ation and g techniques

isture

parameters

ation and R

The datmetadatchecks coveredRock SocertifieddatabasThe Cofamiliar includinThe graplanar bThere isstrike aunforesemineraligeologicextensiothat defThe facthicknesmetamohave affand thuincludedThe grastrike lediamondtested bof the re

s

Block mhigh graIMS cowas comBlock mheight. The tonA 2% Tnatural isolatedresourcblocks fmining

Reporting

ta as provideta administeand balance

d by in – housolid Pty Ltd pd standards se. ompetent Per

with all theng the RC anaphite schistbody that is cs very good

and at deptheen complicaised zone thcal interpreton of the Tarines the minectors affectinss of the grorphic terrainffected the gs cannot be d in the resouphitic schist ngth of 580 md drilling. Theby RC drillingesource at demodelling usade outliers amputer softwmpleted. All

modelling use No sub-bloc

nnages were TGC cut-off

cut-off exhd single resoce although from the resomethod.

g of Minera

ed by the laered by the des in place se checks. provides a fu

and duplic

rson has unde Lamboo pnd Diamond dt host at Taconcordant wcorrelation

h, and thereations in the

hat form parttation used rget 1 resoureralised zonng the contraphite unit n. A small nugrade due to

reasonablyurce and havhost coveredm and extene north-easte

g during 2013epth. sing an ellipsand no uppeware was usdrill assays wed a standarcking was usestimated owas adopteibited by thource blocksmarginally

ource was co

al ResourcComment

boratory is adatabase mato ensure d

ll QA/QC repcates prior

dertaken extpersonnel andrilling contraarget 1 essewith the host between RC

e is no reasgeological a

t of this resofor the orig

rce also corree. tinuity of grwhich is to

umber of felsdilution. Sumodelled. C

ve resulted ind by the curr

nds to a deptern end of th3 thus limitin

soidal ID2 seer cut was apsed. A standwere used tord block sizesed. Downhon a dry basis

ed based onhe mineraliss aggregatinless than thonsidered to

ces tary

added directlanager, Rocdata reliabili

port based onto incorpor

tensive worknd the outsidactors used fentially reprhigh grade

C and diamoson to believand assay daource upgradginal JORC elates well w

ade are lim be expectesic intrusivesch intrusions

Consequentlyn a minor dilurent JORC reh of about 20

he graphitic sg the tonnag

earch. Statispplied to the adard cross so interpolate of 10 m (N-

ole sample les as per the a

a simple sted lenses. g 1,088 ton

he 2% TGCbe unrealist

ly to the Mcck Solid Pty ity. Field da

n the statisticration into

k on the projede contractofor the drillinresents a stmetamorphic

ond drill holeve that therata. The extde are consi resource e

with the aeria

mited to vared in such s were interss are likely ty the intrusivution in gradesource exte00 m in areaschist has onge in the nort

stical analysassay data. section flitch the block ce-S), 2 m (E-W

engths were 1assay data utatistical anaNote that fnes were in

C cut-off. Extic in view of

Intosh ProjeLtd who havta is similar

cal analysis the resourc

ect site and ors employeg. teeply dippinc stratigraphes, both alone will be anensions to thistent with thestimate. Thal EM anoma

iability of tha high grad

sected. Thesto be irregulaves have beee.

ends over a s tested by

nly been thern portion

is indicate n

interpretationtroid value.W) and 5 m 1 m intervalsused. alysis and thfour individuncluded in thxcluding thes

the likely bu

ect ve rly

of ce

is d,

ng y.

ng ny he he he aly

he de se ar en

no

on . in

s.

he al

he se ulk

For

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Mining fassum

Environmeor assu

Bulk

Classi

Audit o

Discussioaccuracy o

factors or mptions

ental factorsumptions

density

ification

or reviews

on of relativeof confidenc

The stywith onmining of up to200 m. and comused in Mining althougsome inbe minlogging

s

Dry seevidencwith theThese csome pMeasurair/weigto grapzone anThe resdefineddata alo“indicatassay ddata thCompeonly qudrilling The resprincipa

e ce

The CoaccuratrigorousLaboratSolid Pbeen ovRugless

yle of mineraly a very smof the graph

o 40 m ensurThe steep dmpetent crysan open cutmethods woh continuounternal dilutioimal at Targof the drill h

ason fauna ce of endange presence ocreeks will hotential for orements werght in water mhite schist zond 2.72 for thsource is a geometricaong the lenged” to a maxdata. For prihe resource tent Person estionable ais under-reposource modeal of MineMaompetent Pte based ons nature of tories and A

Pty Ltd. The verseen by s. The geolo

alisation and all poorly miite schist len

re that open cip of the minstalline rockst mine. ould be by cus surface mon due to crget 1 based

holes. and flora s

gered speciesof some croshave no signoxidising sulpre made bymethod on seones includehe primary (usingle tabully, has bee

gth of the reximum depthimary resour

has been also reflects

aspect in theorting the %T

el and calculaap Pty Ltd anerson cons the densitythe assay

Actlab Laborageological dcompetent sgical data ha

the presencneralised ca

ns. The true wcut mining co

neralised lenss will enable

conventionalmining methooss-cutting d

d on surface

surveys havs in the areass-cutting crenificant impaphides in wasy two indepeelected diamed in the resunweatheredlar body in n classified source. The

h of 50 m in rce blocks bclassified a

s confidencee resource esTGC grade. ations have d a Member iders that ty of RC anddata provideatories and vdata collectesenior geoloas been revie

ce of the minp of about 1widths exhibould be extes that occurse maximum b

truck and lods will be dykes althoue geological

ve been alrea. The area aeeks that areact on a manste rock dumendent labor

mond core. Msource. Dens) zone were form. The oas “inferred” primary zonthe vertical d

below the 50as “inferred”e in the use stimation is tSee note on been reviewof the AusIMhis JORC r

d diamond ded by indepverified by dd is deemedgists, Mr Simewed by Mr.

neralisation m lends itse

bited by the gnded to a des in relativelybatter angle

loaded openassessed.

ugh these wo mapping a

eady carriedat Target 1 ise dry for mosnaged mine

mps and tailinratories by

Measurementsities of 2.38applied.

oxide zone, ” due to the ne has beendimension b0 m boundar”. The know of these cathe possibilit twin holes.

wed by Mr SeMM. resource es

drilling emplopendent labodatabase mad to be accumon Attwell Tony Corma

at the surfacelf to open-cgraphite schiepth of at leay unweatheres to be safe

n cut methodThere will b

ould appear and geologic

d out with ns relatively flst of the yeasite. There

ngs dams. the weight ts were limite8 for the oxid

although welimited assa

n classified aelow drill hory from assa

wledge of thategories. Thty that the R

eldon Mart th

stimate to boyed, and thoratories ALanagers, Rocurate and haand Dr Cra

ack.

ce ut st

ast ed ely

ds be to

cal

no at

ar. is

in ed de

ell ay as ole ay he he

RC

he

be he LS ck as ig

For

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