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BAU drilling results

The exploration program comprised 302 vertical holes drilled for 2,857 metres across an area of approximately 385Ha at a nominal 160m x 80m drill pattern. A preliminary review of the data shows that significant bauxite grades and thicknesses are present, with approximately 65% of the holes containing available alumina grades of greater than or equal to 25%, with at least 2m thickness, reactive silica less than 5%, and maximum strip ratio of 1:1. Bauxite thicknesses of up to 13.5m (average 5.2m) were intersected (refer to Table 1 for significant intercepts).