Ann: Barnes Hill Reserve Statement , page-3

Here's the intro and executive summary copied from the statement.

____________________________________________

Barnes Hill Reserve Statement

ASX Release, Stock Code: PRW

Following on from the recent announcement of an updated Mineral Resource of 6.6 Mt at 0.82% Ni
and 0.06% Co at a 0.50% Ni cut-off, Proto are pleased to announce that a Reserve of 4.0 Mt at 0.84%
Ni and 0.06% Co at a 0.70% nickel equivalent cut-off has been estimated by Snowden Mining
Industry Consultants (?Snowden?) for the Barnes Hill deposit. At a proposed mining rate of
250,000 t per annum (tpa) the currently defined reserve represents a mine life of 16 years.

Executive Summary

? A Reserve of 4.0 Mt at 0.84% Ni and 0.06% Co at a 0.70% nickel equivalent cut-off has been
estimated by Snowden Mining Industry Consultants for the Barnes Hill deposit.

? At a proposed mining rate of 250,000 t per annum the currently defined reserve represents a
mine life of 16 years.
____________________________________________