Maiden Resource - MarwestMaiden Resource - Marwest Plutonic Dome Gold Project Ord River Resources (ASX: ORD) - Dampier Gold (ASX:DAU) JV ... The information in this announcement that

1 | P a g e Ord River Resources Limited- www.ord.com.au – ASX:ORD

Maiden Resource - Marwest

Plutonic Dome Gold Project Ord River Resources (ASX: ORD) - Dampier Gold (ASX:DAU) JV

Highlights: Initial review of extensive drilling database revealed

consistent mineralisation at Marwest, 500m north-

east of flagship Trident deposit;

Maiden inferred resource estimated;

o 267,500t @ 2.5 g/t for 21,100 oz Au

(0.5 g/t Au cut off)

Including high grade resource component;

o 64,400 t @ 5.4 g/t for 11,200 oz Au

(3 g/t Au cut off)

Global resource base of 5.8mt @ 3.8g/t Au for

704,000 oz Au

Demonstrates mineralisation potential along strike

from Trident in the Trident-Marwest-Mareast

mafic/ultramafic sequence (Trident: 2.2mt @ 5.3 g/t

for 378,600oz Au)

Evaluation of drilling database continues with

Mareast to be the next prospect reviewed.

Overview: Ord River Resources Limited (ASX:ORD “ORD”) is pleased to

announce the evaluation of the extensive drilling database is

advancing and has resulted in a maiden inferred resource being

estimated at Marwest in accordance with the guidelines of the JORC

Code (2012 Edition).

Table 1: Marwest Maiden Inferred Resource

Cut-off grade Tonnes Grade Au Ounces

Au g/t (t) Au g/t (oz)

>0.5 267,500 2.5 21,100

>1 221,500 3 20,000

>3 64,400 5.4 11,200

ASX Announcement:

09/12/2013

Australian Securities Exchange

Code: ORD

Board of Directors:

Frank Zhu Managing Director

Graham McGeagh Non-Exec Chairman

Bruce McInnes Non-Exec Deputy Chairman

Michael P Lee Non-Exec Director

A. Anthony McLellan Non-Exec Director

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http://www.ord.com.au/


Marwest: The resource estimation for Marwest was completed using a combination of Ordinary

Kriging and Inverse Distance Weighting methodologies. The delineation of additional

resources and mineralisation proximal to the Trident resource will be utilised in assessing

development pathways for the project.

The total global resource base for the Plutonic Dome Project has increased to :

5.8 million tonnes @ 3.8 g/t Au for 704,000 oz Au

The resource estimation incorporates a total of 347 reverse circulation (RC) and 13

diamond drill holes (DD) for a total of 24,880m and 945 m respectively. In addition

information obtained through the development phase of the Marwest historical open pit

has been utilised to assist with the interpretation.

Figure 1: Prospect Location Plan- TMI Magnetics

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Figure 2: Marwest Open Pit and Mineralisation Wireframe-Long Section Looking NW

Figure 3: Marwest Drill Section 1

Au g/t

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Figure 4: Marwest Drill Section 2

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Plutonic Dome Gold Project Mineral Resources: Deposit OP/UG Measured Indicated Inferred Total

Tonnes Au g/t

Tonnes Au g/t

Tonnes Au g/t

Tonnes Au g/t

Contained Metal (oz)

**K2, K3 OP 28,000 3.1 231,000 4.6 341,000 2.1 600,000 3.1 60,300

UG - - 161,000 6.2 85,000 5.8 247,000 6.1 48,000

Sub-total 28,000 3.1 392,000 5.3 426,000 2.9 847,000 4.0 108,300

**Trident OP - - - - - - - - -

UG - - 854,000 6.2 1,356,000 4.8 2,210,000 5.3 378,600

Sub-total - - 854,000 6.2 1,356,000 4.8 2,210,000 5.3 378,600

**K1 OP 593,000 2.0 123,000 1.9 171,000 3.7 888,000 2.3 66,000

UG - - - - - - - - -

Sub-total 593,000 2.0 123,000 1.9 171,000 3.7 888,000 2.3 66,000

**PPP OP - - 294,000 2.6 88,000 2.1 382,000 2.5 30,900

UG - - 106,000 4.0 91,000 3.9 196,000 4.0 25,000

Sub-total - - 400,000 3.0 179,000 3.0 579,000 3.0 55,900

**Cinnamon OP - - 961,000 2.3 54,000 2.3 1,015,000 2.3 74,100

UG - - - - - - - - -

Sub-total - - 961,000 2.3 54,000 2.3 1,015,000 2.3 74,100

***Marwest 0.5g/t COG

- - 267,500 2.5 267,500 2.5 21,100

Sub-total - - 267,500 2.5 267,500 2.5 21,100

Total 621,000 2.1 2,730,000 4.0 2,453,500 4.0 5,806,500 3.8 704,000

OP = open pit, UG = underground. Underground resources reported above a 3.0g/t Au cut-off. **Resources reported within optimised conceptual pit shells at A$1,700/oz gold price above at 0.5g/t Au cut-off. Resources estimated in accordance with JORC 2004 Guidelines *** Resources estimated in accordance with JORC 2012 Edition of Guidelines Due to rounding, tonnages and grades may not equate to exact contained ounces

Project subject to Joint Venture/Farm In Agreement with Dampier Gold Limited (ASX:DAU). Ord River

Resources Limited (Ord) is required to sole fund a minimum of $2 million in first nine months to earn 30%

interest in the project. Ord is to sole fund up to $6 million over two years to earn up to 75% interest in the

project.

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Competent person’s statement:

The information in this announcement that relates to Mineral Resources for K2/K3, Trident,

K1, PPP and Cinnamon is based on information compiled and reviewed by Mr Graham de la

Mare who is a Member of the Australian Institute of Geoscientists and full-time employee of

RungePincockMinarco Limited. Mr Graham de la Mare has sufficient experience relevant to

the style of mineralisation and type of deposit under consideration, and to the activity

which he has undertaken, to qualify as a Competent Person as defined in the 2004 JORC

Code. Mr de la Mare consents to the inclusion in this report of the matters based on this

information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources for Marwest and

Plutonic Dome Project Exploration Results is based on information compiled and fairly

represented by Mr Jonathan King, who is a Member of the Australian Institute of

Geoscientists and director of Weston Consultancy Group Pty Ltd. Mr King has sufficient

experience relevant to the style of mineralisation and type of deposit under consideration,

and to the activity which he has undertaken, to qualify as a Competent Person as defined in

the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for

Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr King consents to

the inclusion in this report of the matters based on this information in the form and context

in which it appears.

For further information, please contact:

Frank Zhu, Managing Director, Ord River Resources: [email protected], +61 420 318 004

Media contact:

Rebecca Lawson, Mercury Consulting: [email protected], +61 2

8256 3332 or +61 432 398 122

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Appendix 1: Drill Collars

Hole Total Depth Easting Northing RL Type Azimuth Dip

MW0009 30 766472.3 7214343 608.8 RC 150 -60

MW0010 60 766454.1 7214373 608.8 RC 150 -60

MW0011 90 766425 7214425 607.6 RC 150 -61

MW0012 60 766471.8 7214422 609.6 RC 150 -60

MW0013 85 766442.4 7214475 608.2 RC 150 -60

MW0014 129 766418.1 7214519 607.0 RC 150 -60

MW0022 178 766393.9 7214563 607.1 RC 152 -57

MW0026 231 766232.4 7214461 528.4 RC 150 -60

MW0086 25 766481.9 7214404 610.1 RC 150 -60

MW0087 124 766407 7214537 607.1 RC 150 -60

MW0088 65 766383.2 7214579 606.6 RC 150 -60

MW0091 58 766462.5 7214439 608.8 RC 150 -60

MW0092 70 766452.2 7214457 608.7 RC 150 -60

MW0096 60 766444.3 7214390 608.6 RC 150 -60

MW0097 80 766415.2 7214442 607.0 RC 150 -60

MW0098 85 766405.5 7214460 607.0 RC 150 -60

MW0099 94 766395.8 7214477 606.5 RC 150 -60

MW0100 112 766386 7214495 606.0 RC 150 -60

MW0147 83 766424.5 7214504 606.7 RC 150 -60

MW0148 70 766434.5 7214408 608.1 RC 150 -60

MW0149 35 766356.4 7214547 605.5 RC 150 -60

MW0161 80 766359 7214539 605.7 RC 0 -90

MWD0004 100 766419.9 7214520 607.1 DD 150 -56

MWD0005 35 766463.3 7214360 608.9 DD 150 -60

MWD0006 80 766382.5 7214501 605.6 DD 150 -70

MWR0046 70 766461.3 7214359 608.8 RAB 150 -60

MWR0047 70 766446.7 7214386 608.6 RAB 150 -60

MWR0048 70 766432.1 7214412 608.0 RAB 150 -60

MWR0049 70 766417.5 7214438 607.2 RAB 150 -60

MWR0050 96 766402.9 7214464 606.8 RAB 150 -60

MWR0051A 75 766390.7 7214486 606.2 RAB 150 -60

MWR0052 80 766373.7 7214517 605.6 RAB 150 -60

MWR0053 70 766359.1 7214543 605.6 RAB 150 -60

MWR0054 60 766344.5 7214569 606.3 RAB 150 -60

MWR0055 70 766329.9 7214595 605.5 RAB 150 -60

MWR0090 70 766457.3 7214449 608.8 RAB 150 -60

MWRC0041 190 766375.6 7214512 605.6 RC 151 -60

MWRC0061 145 766366.2 7214529 605.8 RC 150 -60

MWRC0062 20 766394.6 7214561 606.9 RC 150 -60

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Hole Total Depth Easting Northing RL Type Azimuth Dip

MWRC0064 50 766346.2 7214565 605.9 RC 150 -60

MWRC0071 130 766431 7214496 583.4 RC 155 -55

MWRC0078 90 766437.8 7214501 584.2 RC 151 -51

MWRC0079 100 766436.9 7214502 584.4 RC 151 -51

MWRC0081 110 766430 7214497 583.4 RC 157 -80

MWRC0086 90 766434.8 7214400 556.9 RC 58 -89

MWRC0088 150 766366 7214530 605.8 RC 152 -70

PBR0531 50 766520.2 7214336 608.2 RC 330 -60

PBR0532 50 766507.9 7214357 609.8 RC 330 -60

PBR0533 50 766495.7 7214379 610.2 RC 330 -60

PBR0534 50 766484.1 7214399 610.1 RC 330 -60

PBR0535 50 766470.8 7214423 609.6 RC 330 -60

PBR0536 50 766459 7214445 608.8 RC 330 -60

PBR0537 50 766446.9 7214466 608.4 RC 330 -60

PBR0538 50 766435.5 7214488 607.6 RC 330 -60

PBR0539 50 766422.4 7214510 606.8 RC 330 -60

PBR0540 50 766411 7214532 607.0 RC 330 -60

PBR1761 50 766388.3 7214490 606.1 RC 330 -60

PBR2300 70 766433 7214492 607.4 RC 149 -59

PBR2301 30 766428.1 7214501 606.9 RC 330 -60

PBR2302 40 766427.2 7214421 607.8 RC 0 -90

PBR2303 40 766436.9 7214403 608.2 RC 0 -90

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Appendix 2: Assay Results

Hole From To Interval Au g/t Intercept

Interval

Intercept

Au g/t

Drill

Section

MW0009 1 2 1 0.63 1m 0.63 2

MW0010 22 23 1 0.7

3m 1.74 2 MW0010 23 24 1 2.59

MW0010 24 25 1 1.94

MW0011 13 14 1 0.73

4m 0.75 2

MW0011 14 15 1 1.13

MW0011 15 16 1 0.51

MW0011 16 17 1 0.61

MW0011 51 52 1 4.08

5m 2.81 2

MW0011 52 53 1 4.93

MW0011 53 54 1 1.94

MW0011 54 55 1 2.4

MW0011 55 56 1 0.71

MW0012 19 20 1 0.71

6m 1.33 1

MW0012 20 21 1 0.74

MW0012 21 22 1 3.24

MW0012 22 23 1 1.12

MW0012 23 24 1 1.55

MW0012 24 25 1 0.62

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Hole From To Interval Au g/t Intercept Interval

Intercept Drill Section

MW0013 38 39 1 0.71

13m 2.22 1

MW0013 39 40 1 2.93

MW0013 40 41 1 7.05

MW0013 41 42 1 0.88

MW0013 42 43 1 0.78

MW0013 43 44 1 0.53

MW0013 44 45 1 1.78

MW0013 45 46 1 1.32

MW0013 46 47 1 6.4

MW0013 47 48 1 2.93

MW0013 48 49 1 0.68

MW0013 49 50 1 2.11

MW0013 50 51 1 0.84

MW0013 56 57 1 17.1

4m 7.1 1

MW0013 57 58 1 7.87

MW0013 58 59 1 2.36

MW0013 59 60 1 1.08

MW0014 71 72 1 6.75

8m 6.93 1

MW0014 72 73 1 4.17

MW0014 73 74 1 3.28

MW0014 74 75 1 24.9

MW0014 75 76 1 10.2

MW0014 76 77 1 3

MW0014 77 78 1 1.78

MW0014 78 79 1 1.38

MW0014 92 93 1 22

2m 11.31 1 MW0014 93 94 1 0.62

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MW0022 140 141 1 2.86

8m 1.6 1

MW0022 141 142 1 1.45

MW0022 142 143 1 0.16

MW0022 143 144 1 0.18

MW0022 144 145 1 3.06

MW0022 145 146 1 1.58

MW0022 146 147 1 2.09

MW0022 147 148 1 1.41

MW0026 219 220 1 7.59 1m 7.59 1

MW0087 No Significant Intersection 1


MW0091 36 37 1 0.84 1m 0.84 1

MW0092 45 46 1 2.1

5m 1.22 1

MW0092 46 47 1 0.45

MW0092 47 48 1 0.16

MW0092 48 49 1 2.69

MW0092 49 50 1 0.7

MW0096 29 30 1 0.62

7m 2.58 2

MW0096 30 31 1 1.51

MW0096 31 32 1 2.75

MW0096 32 33 1 3.26

MW0096 33 34 1 2.11

MW0096 34 35 1 3.01

MW0096 35 36 1 4.82

MW0097 31 32 1 3.09

4m 2.61 2

MW0097 32 33 1 4.83

MW0097 33 34 1 1.23

MW0097 34 35 1 1.27

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Interval

Intercept Drill

Section

MW0097 62 63 1 1.51

5m 0.91 2

MW0097 63 64 1 0.7

MW0097 64 65 1 0.58

MW0097 65 66 1 0.5

MW0097 66 67 1 1.26

MW0098 60 61 1 1.06

8m 1.38 2

MW0098 61 62 1 3.49

MW0098 62 63 1 0.76

MW0098 63 64 1 0.7

MW0098 64 65 1 0.01

MW0098 65 66 1 2

MW0098 66 67 1 0.93

MW0098 67 68 1 2.08

MW0098 72 73 1 5.23

2m 4.1 2 MW0098 73 74 1 2.96

MW0099 80 81 1 0.97

10m 1.23 2

MW0099 81 82 1 1.3

MW0099 82 83 1 1.12

MW0099 83 84 1 2.09

MW0099 84 85 1 0.68

MW0099 85 86 1 0.6

MW0099 86 87 1 0.95

MW0099 87 88 1 2.4

MW0099 88 89 1 1.07

MW0099 89 90 1 1.08

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MW0100 101 102 1 1.01

5m 1 2

MW0100 102 103 1 0.44

MW0100 103 104 1 0.78

MW0100 104 105 1 0.92

MW0100 105 106 1 1.84

MW0147 57 58 1 2.15

2m 1.37 1 MW0147 58 59 1 0.6

MW0147 78 79 1 1.67

5m 49.61 1

MW0147 79 80 1 40.5

MW0147 80 81 1 197

MW0147 81 82 1 7.42

MW0147 82 83 1 1.48

MW0148 50 51 1 44.4

6m 11.48 2

MW0148 51 52 1 8.92

MW0148 52 53 1 1.77

MW0148 53 54 1 1.52

MW0148 54 55 1 9.3

MW0148 55 56 1 2.98




MWD0004 70 71 1 2.49

3m 3.43 1 MWD0004 71 72 1 6.93

MWD0004 72 73 1 0.88

MWD0004 91 91.74 0.74 15.2 1m 15.2 1

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MWD0005 7.27 7.84 0.57 3.78

11.73m 9.44 2

MWD0005 7.84 8.85 1.01 2.7

MWD0005 8.85 9.5 0.65 3.57

MWD0005 9.5 10.33 0.83 3.04

MWD0005 10.33 10.43 0.1 0.98

MWD0005 10.43 10.63 0.2 0.4

MWD0005 10.63 11.15 0.52 2.55

MWD0005 11.15 12.6 1.45 15.2

MWD0005 12.6 13.09 0.49 10.4

MWD0005 13.09 13.15 0.06 0.26

MWD0005 13.15 13.86 0.71 0.63

MWD0005 13.86 14.26 0.4 2.6

MWD0005 14.26 15 0.74 50.5

MWD0005 15 16 1 5.49

MWD0005 16 17 1 15.5

MWD0005 17 17.48 0.48 7.73

MWD0005 17.48 17.86 0.38 18.1

MWD0005 17.86 19 1.14 1.68

MWD0006 No Significant Intersection 2

MWR0046 No Significant Intersection 2





MWR0051A No Significant Intersection 2




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Interval

Intercept Drill

Section



MMWC0041 117 118 1 1.12

3m 2.29 2 MMWC0041 118 119 1 1.29

MMWC0041 119 120 1 4.45

MWRC0061 129 130 1 28.3

3m 23.19 2 MWRC0061 130 131 1 35.3

MWRC0061 131 132 1 5.98

MWRC0062 No Significant Intersection 2


MWRC0071 32 33 1 7.37

2m 10.33 1 MWRC0071 33 34 1 13.3

MWRC0071 52 53 1 6.08

7m 52.93 1

MWRC0071 53 54 1 5.43

MWRC0071 54 55 1 135

MWRC0071 55 56 1 103

MWRC0071 56 57 1 70.9

MWRC0071 57 58 1 48.3

MWRC0071 58 59 1 1.82

MWRC0078 30 31 1 9.12

5m 14.04 1

MWRC0078 31 32 1 6.73

MWRC0078 32 33 1 39

MWRC0078 33 34 1 9.96

MWRC0078 34 35 1 5.4

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MWRC0078 52 53 1 2.43

6m 2.14 1

MWRC0078 53 54 1 1.09

MWRC0078 54 55 1 0.1

MWRC0078 55 56 1 1.08

MWRC0078 56 57 1 6.98

MWRC0078 57 58 1 1.16

MWRC0079 70 71 1 0.75

3m 0.85 1 MWRC0079 71 72 1 0.87

MWRC0079 72 73 1 0.93

MWRC0081 83 84 1 3.88

2m 2.81 1 MWRC0081 84 85 1 1.75

MWRC0086 68 69 1 14.1 1m 14.1 2


PBR0531 No Significant Intersection 1



PBR0534 14 15 1 0.65

12m 1.25 1

PBR0534 15 16 1 0.85

PBR0534 16 17 1 1.54

PBR0534 17 18 1 0.774

PBR0534 18 19 1 0.92

PBR0534 19 20 1 0.73

PBR0534 20 21 1 1.25

PBR0534 21 22 1 2.68

PBR0534 22 23 1 1.12

PBR0534 23 24 1 2.05

PBR0534 24 25 1 1.21

PBR0534 25 26 1 1.2

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PBR0534 32 33 1 0.65

4m 1.07 1

PBR0534 33 34 1 0.68

PBR0534 34 35 1 0.22

PBR0534 35 36 1 2.72


PBR0536 36 37 1 1.28

14m 3.07 1

PBR0536 37 38 1 0.43

PBR0536 38 39 1 1.33

PBR0536 39 40 1 2.12

PBR0536 40 41 1 1.28

PBR0536 41 42 1 0.44

PBR0536 42 43 1 20.2

PBR0536 43 44 1 3.52

PBR0536 44 45 1 3.43

PBR0536 45 46 1 2.88

PBR0536 46 47 1 1.69

PBR0536 47 48 1 3.28

PBR0536 48 49 1 0.99

PBR0536 49 50 1 1.08



PBR0538 10 11 1 2.25

4m 1.18 1

PBR0538 11 12 1 0.21

PBR0538 12 13 1 0.60

PBR0538 13 14 1 1.65

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Interval

Intercept Drill

Section

PBR0539 4 5 1 1.14 6m 21.85 1

PBR0539 5 6 1 0.84

PBR0539 6 7 1 76

PBR0539 7 8 1 27.1

PBR0539 8 9 1 23.1

PBR0539 9 10 1 2.9



PBR2300 49 50 1 2 8m 2.35 1

PBR2300 50 51 1 5.24

PBR2300 51 52 1 2.14

PBR2300 52 53 1 1.21

PBR2300 53 54 1 2.91

PBR2300 54 55 1 1.52

PBR2300 55 56 1 1.89

PBR2300 56 57 1 1.9




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JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Comments

Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

Samples were taken from Diamond Core and RC/RAB chips, with drilling predominantly angled at -60⁰ towards 150⁰. Drill spacing was on a nominal 20x20m grid for RC and Diamond and 20x10m spacing including RAB. A total of 600 RAB, RC and Diamond holes are included in the database for a total of 39,086.93m drilling.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

The collars of all RC and Diamond drillholes were surveyed by the Marymia Gold Project Survey department. 5 RAB drillholes were downhole surveyed to determine the amount of drill hole deviation during drilling. These surveys were undertaken by Downhole Surveys Pty Ltd. Results indicated that most RAB drillholes lifted up to 20⁰. A total of 26 RC drillholes were downhole surveyed with a multishot camera to determine the amount of drill hole deviation during drilling. Results indicated that the dip of deeper RC drillholes (>80m) lifted by approximately 5⁰. The azimuth readings of most RC drillholes were affected by magnetic interference, as indicated by field strength and dip angles being outside of acceptable limits. Surveys outside acceptable limits were assigned nominal values

Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

RAB drilling was completed by Drillwest and Challenge Drilling in 1994, with samples initially collected as 4m composite samples from 1m drill chip piles using a scoop/spear. Samples were analysed by Minlab in Perth for gold using aqua regia ASS technique with a detection limit of 0.01ppm gold. Composite samples with anomalous gold values (usually >0.25ppm) were re-sampled at 1 metre single samples using a scoop/spear technique. RC drilling was undertaken by Drillcorp with samples collected at 1m intervals via a 87.5:12.5 riffle splitter and fire assayed for gold by Minlabs in Perth at a detection limit of 0.01ppm gold. Diamond drilling was undertaken by Macro Drill with diamond core logged and sampled to lithological contacts or changes in the nature of mineralisation

Drilling techniques

Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

All drilling reported in this announcement is a combination of RAB, RC and Diamond Drilling undertaken

by previous operators of the project. As such specific information relating to all drilling techniques

(hammer sizes etc.) has not been accurately preserved.

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Drill Sample Recovery Method of recording and assessing core and chip sample recoveries and results assessed.

As drilling was undertaken by previous project operators- No record of sample recoveries were located

in exploration reports or on the original logs during the validation process

Measures taken to maximise sample recovery and ensure representative nature of the samples.

RC samples collected at 1m intervals through a 87.5:12.5 riffle splitter and RAB samples were collected

using a scoop/spear method to cross cut the sample pile

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

Insufficient historical records exist relating to sample recovery to adequately assess the potential for

sample bias.

Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

All RC and diamond drill holes have been logged and detail: lithology, hardness, alteration,

mineralisation, colour, foliation, sulphides, grain size, weathering and Quartz percentage

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

Logging has been conducted both qualitatively and quantitatively with full descriptions of lithologies, alteration and mineralisation comments noted as well as percentages estimates on veining, weathering, quartz and numeric scale of hardness

The total length and percentage of the relevant intersections logged. The entire length of all RC and Diamond drillholes have been logged in full

Sub-sampling techniques and sample

preparation

If core, whether cut or sawn and whether quarter, half or all core taken. All diamond drillholes were 1/4 core sampled at intervals not less than 0.2 meters and not greater than

1.5 metres (usually 1m) and where appropriate, to geological contacts

If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

All RC samples were put through a rifle splitter and into a pre-numbered bag which was recorded on the

log sheets. No moisture record has been preserved

For all sample types, the nature, quality and appropriateness of the sample preparation techniques

Diamond core sample intervals not less than 0.2 meters and not greater than 1.5 metres (usually 1m)

were used, with 2-3kg samples submitted for RC samples.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

Although no QA/QC procedures were documented by the previous operators, assay reports show

random repeat samples were submitted for approximately every 1 in 10 sample

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

In addition to the randomly inserted repeat samples mentioned above, Assay reports show 1 repeat

sample was assayed at the lab for anomalous grades and 2 repeat samples were assayed for high grades

Whether sample sizes are appropriate to the grain size of the material being sampled.

The sample sizes are considered to be appropriate for the type, style thickness and consistency of

mineralisation. The sample size is also appropriate for the sampling methodology employed and the

grades returned

Quality of assay data and laboratory tests

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

The assay method is designed to measure total gold in the sample. The laboratory procedures are

appropriate for the testing of gold given the nature of mineralisation style. No record was made of

charge size used in the assay

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For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

Not used for grade reporting or interpretation

Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

The QC program was based around the insertion of duplicate samples to test repeatability of reported

grades. Any subsequent exploration undertaken by ORD will bring QA/QC standards up to modern

industry best practice not previously undertaken at the time of drilling reported in this announcement

(1994/1995)

Verification of sampling and assaying

The verification of significant intersections by either independent or alternative company personnel.

No record of independent verification exists

The use of twinned holes.

5 Diamond holes were drilled to twin RAB and RC holes. Comparable grades were returned between RC

and Diamond samples

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Drill predates the widespread use of field base data loggers. Grades reported in this announcement

were cross referenced with original logs and assay reports in annual exploration reports

Discuss any adjustment to assay data. No adjustments were made to assay data presented in this report

Location of Data Points Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

The collars of all RC and diamond drill holes were surveyed by the Marymia Gold Project Survey Department. Down hole surveys were completed with a multishot camera to determine the amount of drill hole deviation during drilling. The accuracy of azimuth readings in most RC drill holes were affected by magnetic interference due to pyrrhotite occurring within the mineral alteration assemblage. The location of historical open pit mining activities have been verified against previous production records, open pit survey pickups and satellite imagery.

Specification of the grid system used. Holes were drilled on a local grid, the "BMA Grid" and have subsequently been converted to MGA94z50

Quality and adequacy of topographic control. A surveyed Digital Terrain model was provided by Dampier Gold (Project JV partner) to ORD which was

used to define the current working surface

Data spacing and distribution

Data spacing for reporting of Exploration Results. Nominal drill spacing was on a 20x20m grid for RC and Diamond holes and 20x10m spacing including

RAB holes

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

The drill spacing, spatial distribution and quality of assay results is sufficient to support the classification

of the resource in accordance with the JORC Guidelines (2012 Edition) of material contained within this

report and is appropriate for the nature and style of mineralisation being reported

Whether sample compositing has been applied. All assay samples have been composited to 1m intervals to mitigate bias in the resource estimation For

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Orientation of data in relation to geological

structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

The majority of drilling is which is perpendicular to the strike of the mineralisation, confirmed by

diamond drilling. North-North-East cross cutting structures have been noted in the area

If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

No drilling or sampling bias has been noted

Sample security The measures taken to ensure sample security. No record has been kept relating to the security of the samples taken by previous operators

Audits or reviews The results of any audits or reviews of sampling techniques and data. No record of audits or reviews by previous operators has been located

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary

Mineral tenement and land tenure status

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The Plutonic Dome Project (“Project”), inclusive of M52/217 where results are being reported, is subject to a Joint Venture/Farm In Agreement with Dampier Resources Limited (“Dampier”). Under the terms of the agreement Ord River Resources Limited (“Ord”) is required to sole fund at least the initial $2 million in project within nine months of the Joint Venture to earn a 30% interest in the project. Furthermore Ord must sold fund a minimum of $6million in project expenditure over two years to earn up to 75% interest in the project. No heritage issues have been identified across M52/217.

The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

M52/217 is a granted Mining Lease and is valid until 19/03/2033. At this time the tenement is believed to be in good standing. There are no known impediments to obtaining a licence to operate, other than those set out by statutory requirements which have not yet been applied for.

Exploration Acknowledgment and appraisal of exploration by other parties.

Exploration by previous operators include Dampier Gold Limited, Barrick, Resolute across the project area. Previous parties have completed open pit mining, geophysical data acquisition, soil sampling and drilling across the Marwest Prospect. The historical data and database has been appraised and is of acceptable quality.

Geology Deposit type, geological setting and style of mineralisation.

The Marwest prospect is located close to the middle of the Plutonic Well Greenstone Belt, which forms part of the Marymia Inlier. The Marymia Inlier is a granite-greenstone terrane situated between the Yilgarn and Pilbara Cratons in Western Australia. The Plutonic Well Greenstone Belt is a north-easterly trending belt approximately 50km long and 10km wide. It consist of predominantly mid to upper greenschist facies metamorphosed ultramafic volcanics, tholeiitic basalts, minor felsic volcanics and sediments.

The Marwest Prospect is located proximal to the north eastern margin of the greenstone belt and is hosted within a meta komatiite sequence. Gold mineralisation is related to structurally controlled shear zones exhibiting biotite+ pyrite ± phlogopite ± pyrrhotite ± native bismuth alteration with silification being quite pervasive and pyrite occurring as up to 2-5% within the ultramafics.

Drill Hole Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

The drill holes reported in this announcement have the following parameters applied. All drill holes completed, including holes with no significant gold intersections are reported in this announcement.

o easting and northing of the drill hole collar Easting and northings are in MGA94- Zone 50.

o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar

RL is AHD.

o dip and azimuth of the hole Dip is the inclination of the hole from the horizontal (i.e. a vertically down drilled hole from

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the surface is -90o) . Azimuth is reported in degrees as the direction towards which the hole is drilled. The relevant surveying method is quoted in the collar table of announcement.

o down hole length and interception depth

Down hole length of the hole is the distance from the surface to the end of the hole, as measured along the drill trace. Interception depth is the distance down from the surface to the end of the hole, as measured along the drill trace. Interception depth is the distance down the hole as measured along the drill trace. Intersection with is the downhole distance of an intersection as measured along the drill trace,

o hole length. Hole length is the distance from the surface to the end of the hole, as measured along the drill trace.

If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

All results relating to the drill sections provided have been stated including “not significant intercepts”. Inclusion of all historical data would make Table too large, data is representative of all drilling.

Data Aggregation Methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

Length weighted averages are used, uncut grades are reported. Lower cut off is nominally 0.5g/t Au with a maximum of 2m sub 0.5g/t Au permissible to make up the full intersection, however these may be manually modified to match logged geology as required.

Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

Sample lengths from RC/RAB drilling are all 1m lengths. Diamond core is cut to geological boundaries so incorporates shorter sample length, length weighting is used to ensure a logical mean grade is determined.

The assumptions used for any reporting of metal equivalent values should be clearly stated.

No metal equivalents are reported.

Relationship between mineralisation widths and intercept lengths

These relationships are particularly important in the reporting of Exploration Results.

The intersection width is measured down the hole trace, it is not usually the true width. Cross sections provided in the announcement allow the relationship between true and down hole width to be viewed.

If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

Data collected from the open pit, confirm that the drilling direction is optimal for the mineralised zones at Marwest.

If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).

All drill results within this announcement are downhole intervals only and due to variable mineralisation, true widths are not able to be calculated until further diamond drilling has been conducted.

Diagrams

Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

A plan view and drill sections have been provided in this announcement.

Balanced Reporting

Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

All results including those with no significant interceptions have been reported.

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Other substantive exploration data

Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

No other exploration data is considered meaningful and material to this announcement

Further Work

The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

Pending the outcomes of preliminary economic studies, strategic infill holes will be drilled to define detailed oxidation profiles and obtain Specific Gravity, metallurgical and geotechnical samples to improve the confidence of the resource

Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

Future drilling areas have not currently been defined. Drill targeting and planning will commence once preliminary economic studies are received.

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Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary

Database integrity

Measures taken to ensure that data has not been corrupted by, for example, transcription or keying errors, between its initial collection and its use for Mineral Resource estimation purposes.

Digital data has been imported and validated in Micromine then cross referenced with original exploration reports and cross sections.

Data validation procedures used. Any errors recorded from the validation processing in Micromine are manually checked and correlated back to the original collection of data. This data is then referenced against collar maps and drill sections to confirm data accuracy

Site visits Comment on any site visits undertaken by the Competent Person and the outcome of those visits.

Multiple site visits have been made by the Competent Person

If no site visits have been undertaken indicate why this is the case. Not applicable

Geological interpretation

Confidence in (or conversely, the uncertainty of ) the geological interpretation of the mineral deposit.

The interpretation of the deposit was carried out using a systematic approach and was of consistent orientations and dimensions as modelling used in the mining of the Marwest pit. Given the close spacing of drillholes confidence in the geological interpretation is considered high.

Nature of the data used and of any assumptions made. The use of historical drilling provides a level of uncertainty as the validation and QA/QC of historic data is not always possible. A lack of accurate downhole survey data is an issue multiple holes given assigned azimuths in the resource area

The effect, if any, of alternative interpretations on Mineral Resource estimation. Cross cutting structures have been observed to the north and south of the resource area although they are not believed to influence the resource area. The interpretation of the resource is relatively simple and constant with the orientation of other resources in the project area

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The use of geology in guiding and controlling Mineral Resource estimation. Inconsistencies in the logging of historic drill holes made detailed geological interpretation difficult. However the company believes this is mitigated by the current model matching the geological model generated in the mining of the Marwest pit

The factors affecting continuity both of grade and geology. Continuity of geology and structure are consistent across drill hole sections and the nugget effect is considered low given the style of mineralisation

Dimensions The extent and variability of the Mineral Resource expressed as length (along strike or otherwise), plan width, and depth below surface to the upper and lower limits of the Mineral Resource.

Strike = 400m, Width= 8-17m, Depth= 200m

Estimation and modelling techniques

The nature and appropriateness of the estimation technique(s) applied and key assumptions, including treatment of extreme grade values, domaining, interpolation parameters and maximum distance of extrapolation from data points. If a computer assisted estimation method was chosen include a description of computer software and parameters used.

Block model grades were estimated using a combination of IDW² (IDW) and Ordinary Kriging (OK) in Micromine. The deposit was domained into 12 individual lodes with each lode estimated using only the assays within that lode and snapped to composited 1m downhole intervals. The two main lodes were modelled by OK and the smaller/oxide lodes were modelled via IDW

The availability of check estimates, previous estimates and/or mine production records and whether the Mineral Resource estimate takes appropriate account of such data.

An internal, non compliant resource was estimated by a previous operator of similar total inventory to the estimate quoted in this resource

The assumptions made regarding recovery of by-products. No consideration has been made to by-products

Estimation of deleterious elements or other non-grade variables of economic significance (eg sulphur for acid mine drainage characterisation).

No consideration has been made to deleterious elements or other non-grade variables of economic significance

In the case of block model interpolation, the block size in relation to the average sample spacing and the search employed.

Block size was 5m x 5m x 2.5m (x,y,z), sub-sized down to 2.5m by 2.5m by 1.25m

Any assumptions behind modelling of selective mining units. Small block sizes were selected to reflect the most probable selective mining method, which at Marwest is potentially underground mining

Any assumptions about correlation between variables. No assumptions made

Description of how the geological interpretation was used to control the resource estimates.

Blocks were constrained within wireframes at the boundary of mineralisation For

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Discussion of basis for using or not using grade cutting or capping. Composite grade were top cut to 20 g/t Au, reflecting mean + twice standard deviation of the sample population

The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation data if available.

Block model grades were visually checked against downhole assay grades. Where OK was the method by which grades were reported a comparable IDW model was run on that domain as a reference

Moisture Whether the tonnages are estimated on a dry basis or with natural moisture, and the method of determination of the moisture content.

Tonnages are quoted as dry tonnes

Cut-off parameters

The basis of the adopted cut-off grade(s) or quality parameters applied. Cut off grades were chosen based on geological continuity and possible economic cut offs. These lower cut offs are comparable with other deposits of a similar mineralisation style in this geography

Mining factors or assumptions

Assumptions made regarding possible mining methods, minimum mining dimensions and internal (or, if applicable, external) mining dilution. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential mining methods, but the assumptions made regarding mining methods and parameters when estimating Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the mining assumptions made.

Mineralisation around the existing open pit was modelled at a nominal 0.5 g/t Au cut off. As only a small area of mineralisation was modelled at depth, this nominal 0.5 g/t cut off was continued at depth to reflect geological continuity, although constrained to the higher grade area

Metallurgical factors or assumptions

The basis for assumptions or predictions regarding metallurgical amenability. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential metallurgical methods, but the assumptions regarding metallurgical treatment processes and parameters made when reporting Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the metallurgical assumptions made.

No Metallurgical test work has been undertaken by ORD. However, as no Metallurgical issues were reported in the mining of the Marwest pit, no Metallurgical issues are expected.

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Environmental factors or assumptions

Assumptions made regarding possible waste and process residue disposal options. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider the potential environmental impacts of the mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a Greenfields project, may not always be well advanced, the status of early consideration of these potential environmental impacts should be reported. Where these aspects have not been considered this should be reported with an explanation of the environmental assumptions made.

Tremolite (Asbestos) has been observed in the mining of the Marwest pit. As such a detailed Asbestos management plan is required for Marwest, as used by previous operators

Bulk density Whether assumed or determined. If assumed, the basis for the assumptions. If determined, the method used, whether wet or dry, the frequency of the measurements, the nature, size and representativeness of the samples.

Specific Gravity values of 2.1 were assigned to ore blocks above the base of weathering and 2.3 below the base of weathering. These values were lower than measurements reported by a previous operator, whose values seemed too high given the lithology and grade of the mineralised material

The bulk density for bulk material must have been measured by methods that adequately account for void spaces (vugs, porosity, etc), moisture and differences between rock and alteration zones within the deposit.

The bulk densities assigned take into account void space and vug spaces with differing rock and weathering types

Discuss assumptions for bulk density estimates used in the evaluation process of the different materials.

As mentioned above these values were lower than measurements reported by a previous operator, whose values seemed too high given the lithology and grade of the mineralised material

Classification The basis for the classification of the Mineral Resources into varying confidence categories.

Classification was initially based on drill spacing, Kriging efficiencies and grade variance (where applicable) to determine inferred and indicated resource categories. All indicated material was then reclassified as inferred given the lack of accurate downhole surveys and lack of consistent logging of lithologies and oxidation and modern QA/QC reporting

Whether appropriate account has been taken of all relevant factors (ie relative confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and distribution of the data).

All relevant factors have been accounted for including relative confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and distribution of the data)

Whether the result appropriately reflects the Competent Person’s view of the deposit. The result appropriately reflects the competent person's view of the deposit

Audits or reviews

The results of any audits or reviews of Mineral Resource estimates. This resource has not been externally audited or reviewed. An internal peer review has been conducted

Discussion of relative accuracy/ confidence

Where appropriate a statement of the relative accuracy and confidence level in the Mineral Resource estimate using an approach or procedure deemed appropriate by the Competent Person. For example, the application of statistical or geostatistical procedures to quantify the relative accuracy of the resource within stated confidence limits, or, if such an approach is not deemed appropriate, a qualitative discussion of the factors that could affect the relative accuracy and confidence of the estimate.

The mineral estimate quoted is considered fair and robust. The reasons for classifying all material as Inferred are documented above, despite the drill hole spacing justifying material at a higher confidence

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The statement should specify whether it relates to global or local estimates, and, if local, state the relevant tonnages, which should be relevant to technical and economic evaluation. Documentation should include assumptions made and the procedures used.

This resource report relates to the Marwest area of the Plutonic Dome project, no economic analysis has been conducted to date

These statements of relative accuracy and confidence of the estimate should be compared with production data, where available.

Previous production data was used to assist with the interpretation of the geology of the mineralisation and constrain structural controls

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Documents

Maiden Resource - MarwestMaiden Resource - Marwest Plutonic Dome Gold Project Ord River Resources (ASX: ORD) - Dampier Gold (ASX:DAU) JV ... The information in this announcement that