COYOTE GOLD PROJECT MINERAL RESOURCE

 Tanami Gold NL Mineral Resources as at March 2013

DEPOSIT   Measured     Indicated     Inferred     Total  
  Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
Coyote Gold Project 482,000 2.8 44,000 1,071,000 5.7 197,000 1,500,000 6.4 310,000 3,053,000 5.6 551,000
                         
Central Tanami Project 6,730,000 3.0 648,000 9,491,000 3.0 954,000 9,279,000 3.0 1,022,000 25,500,000 3.0 2,625,000
                         
Sub Total 7,212,000 3.0 692,000 10,562,000 3.4 1,151,000 10,779,000 3.8 1,332,000 28,553,000 3.5 3,176,000
Central Tanami Stockpiles 1,700,000 0.9 48,000             1,700,000 0.9 48,000
                         
TOTAL 8,912,000 2.6 740,000 10,562,000 3.4 1,151,000 10,779,000 3.8 1,332,000 30,253,000 3.3 3,224,000

Notes to accompany table

  1. Resource estimations completed using MineMap, Vulcan, Surpac, Datamine and Micromine software packages comprising a combination of ellipsoidal inverse distance and ordinary kriging grade interpolation methods.
  2. Grade estimation was constrained to material within >0.7g/t Au mineralisation outlines.
  3. Variable gold assay top cuts were applied based on geostatistical parameters and historical production reconciliation.
  4. Resources reported above relevant cut-offs based on economic extractions, varying between 0.7g/t Au and 1.0g/t Au block model grade.
  5. Stockpile figures from previously reported Otter Gold Mines NL 2001 Mineral Resource estimate less recorded treatment by Newmont Asia Pacific.
  6. Tonnes and ounces rounded to the nearest thousand and grade rounded to 0.1g/t Au.  Rounding may affect tallies.
  7. The information in this report pertaining to Mineral Resources for the Central Tanami Project was compiled by Mr Bill Makar (MAusIMM), Consultant Geologist – Tanami Gold NL, Mr Michael Thomson (MAusIMM), Principal Geologist for Tanami Gold NL, Mr Steven Nicholls (MAIG), former Senior Geologist for Tanami Gold NL, Mrs Claire Hillyard (MAusIMM), former Resource Geologist for Tanami Gold NL, Mr Mark Drabble (MAusIMM) - Principal Consultant Geologist, Optiro Pty Ltd and Mr Peter Ball (MAusIMM), Director of Datageo Geological Consultants. Mr Makar, Mr Thomson, Mr Nicholls, Mrs Hillyard, Mr Drabble and Mr Ball have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Persons as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Makar, Mr Nicholls, Mrs Hillyard, Mr Drabble and Mr Ball consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.

Coyote Gold Project Mineral Resources as at 31 March 2013

DEPOSIT   Measured     Indicated     Inferred     Total  
   Tonnes  Grade  Ounces  Tonnes  Grade  Ounces  Tonnes  Grade Ounces Tonnes Grade  Ounces
 Coyote  25,000  23.5  19,000  330,000  10.9  116,000  436,000  13.6 190,000 791,000 12.8  325,000
 Sandpiper  27,000  3.3  3,000  455,000  4.1  59,000  635,000  4.4 90,000 1,117,000 4.2  152,000
 Kookaburra  55,000  2.6  5,000  286,000  2.4  22,000  353,000  2.1 24,000 694,000 2.3  51,000
 Pebbles  -   -   -  -  -  -  76,000  2.5 6,000 76,000 2.5  6,000
                         
 Stockpiles 375,000 1.4  17,000  -  -  -  -  - - 375,000 1.4  17,000
                         
 TOTAL  482,000 2.84 44,000  1,071,000  5.72  197,000  1,500,000  6.43 310,000 3,053,000 5.61  551,000

  Notes to accompany table    

  1. The Western Tanami Project Resource estimations were completed using Micromine, Surpac and Datamine software, comprising inverse distance grade interpolation within block models constrained by 3D wireframed geological boundaries. The wireframes defining the mineralisation were based on structural, assay and lithological information.
  2. Various top cuts have been applied to the drill hole samples based on lode domain analysis. Where top cuts were applied they ranged from 35g/t  Au for Sandpiper, a range of 100-250g/t Au for Coyote and 150 gram metres for Kavanagh.
  3. The Mineral Resource Estimate is reported at a 2g/t Au lower cut-off for Coyote, a 3.0g/t Au cut-off for Kavanagh and 1.0g/t Au for the remaining Resources.
  4. Tonnes and ounces of gold are rounded to significant figures and grade is rounded to the nearest -.1g/t Au. Rounding may affect tallies. Stockpile ounces rounded to nearest hundred.
  5. Resource estimation for the Muttley and Kavanagh lodes was completed by Michael Thomson, full time employee and Principal Geologist of Tanami Gold, the Resource estimation of the remaining Coyote and Sandpiper deposits was completed by Mr Steven Nicholls, former Senior Geologist of Tanami Gold NL. The Kookaburra Resource estimation was conducted by Mr Peter Ball, Director of Datageo Geological Consultants. The Pebbles Resource estimate was completed in 2007 by Mr Malcolm Titley of CSA Australia Pty Ltd.
  6. Mr Thomson, Mr Nicholls (MAIG), Mr Ball (MAusIMM) and Mr Titley (MAusIMM, MAIG) qualify as Competent Persons as defined by the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.
  7. The Resource has not been depleted by 5,668 ounces minded between January 2013 and March 2013.