Mineral Resources

All Mineral Resources as reported at a cut-off grade of 0.10% WO3

Mulgine Trench (Mt Mulgine) JORC 2012 Compliant1

Category Tonnes
(Million)
Grade
% WO3
Metric Tonne Units
WO3
Contained WO3
(Tonnes)
Grade Mo (ppm) Contained Mo
(Tonnes)
Indicated 0.4 0.14 50,000 500 400 150
Inferred 63.4 0.17 11,930,000 110,500 250 15,600
Sub Total 63.8 0.17 10,980,000 111,000 250 15,700


Mulgine Hill (Mt Mulgine) JORC 2012 Compliant2

Category Tonnes
(Million)
Grade
% WO3
Metric Tonne Units
WO3
Contained WO3
(Tonnes)
Grade Mo (ppm) Contained Mo
(Tonnes)
Indicated 5.6 0.23 1,290,000 12,900 133 700
Inferred 1.7 0.19 320,000 3,200 113 200
Sub Total 7.3 0.22 1,610,000 16,100 129 900


Watershed (North Queensland) JORC 2012 Compliant3

Category Tonnes
(Million)
Grade
% WO3
Metric Tonne Units
WO3
Contained WO3
(Tonnes)
Measured 4.4 0.25 1,110,000 11,100
Indicated 11.5 0.24 2,760,000 27,600
Inferred 4.7 0.26 1,230,000 12,300
Sub Total 20.7 0.25 5,070,000 50,700

Hill (Pilbara) JORC 2012 Compliant4

Category Tonnes
(Million)
Grade
% WO3
Metric Tonne Units
WO3
Contained WO3
(Tonnes)
Indicated 6.2 0.16 980,000 9,800
Inferred 5.3 0.13 700,000 7,000
Sub Total 11.5 0.15 1,670,000 16,700


Kilba (Ashburton) JORC 2012 Compliant5

Category Tonnes
(Million)
Grade
% WO3
Metric Tonne Units
WO3
Contained WO3
(Tonnes)
Indicated 4.1 0.25 1,040,000 10,400
Inferred 0.8 0.20 170,000 1,700
Sub Total 5.0 0.24 1,210,000 12,100


Total Resource Inventory

Category Tonnes
(Million)
Grade
% WO3
Metric Tonne Units
WO3
Contained WO3
(Tonnes)
Grade Mo (ppm) Contained Mo (Tonnes)
Measured 4.4 0.25 1,100,000 11,000 0 0
Indicated 27.8 0.22 6,100,000 61,000 33 900
Inferred 75.94 0.17 13,200,000 132,000 211 16,000
Sub Total 108.2 0.19 20,400,000 204,000 156 16,900

Note: Totals may differ from sum of individual numbers as numbers have been rounded in accordance with the Australian JORC code 2012 guidance on Mineral Resource reporting. A Metric Tonne Unit (MTU) represents 10 kilograms of WO3.

1. Refer ASX (HAZ) Announcement 5 November 2014, “Hazelwood continues to increase tungsten resource”
2. Refer ASX (Tungsten Mining) Announcement 12 April 2019, “Update on Activities at Mt Mulgine”
3. Refer ASX (Vital Metals) Announcement 4 July 2018, “Watershed Mineral Resources Restatement JORC Code (2012)”
4. Refer ASX (Tungsten Mining) Announcement 23 June 2016, “Big Hill June 2016 Mineral Resource Update”
5. Refer ASX (Tungsten Mining) Announcement 30 January 2015, “Kilba Mineral Resource Update”