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      Mining Tenements


Schedule of Exploration and Mining Tenements as at 30 June 2005 - Victoria

Fosterville

Mining Licence Application 5177

Fosterville West

 

Mining Licence 4456

Fosterville

 

Mining Licence 5404

Fosterville

 

Exploration Licence 3539

Goornong

 

Exploration Licence Application 4572

Bendigo East

 

Exploration Licence Application 4814

Eppalock

 

Exploration Licence Application 4816

Meadow Valley

 

Exploration Licence Application 4883

Scandinavian

     

Bailiestion

Mining Licence 4784

Bailiestion

     

Heathcote

Mining License 4149

Cornella East

 

Exploration License 3484

Greenstones

     

Nagambie

Mining Licence 5412

Nagambie

 

Mining Licence 4244

Nagambie

Note: The above tenements are 100% owned by the Company with the exceptions of MIN4149, which is 49% owned by the Company. A royalty applies to mining of parts of EL3539 and MIN5412. Limited rights are held by another party relating to platinum group metals and nickel minerals in EL 3484

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