Ann: Mutiny increases Rocksteady Iron Resource by, page-2

re: Ann: Mutiny increases Rocksteady Iron Res... MUTINY INCREASES ROCKSTEADY IRON JORC RESOURCE BY 75%

HIGHLIGHTS:
• Iron Resource Tonnes increased from 0.65 to 1.15 million tonnes
• 95% now converted to JORC Indicated Resource category

Mutiny Gold Ltd (ASX: MYG) announces an updated JORC-compliant resource for the Rocksteady Iron
Project, located within its Gullewa tenement package in the Murchison Region of Western Australia. The
Rocksteady Iron Resource is now 1.15 million tonnes at 51.8% Fe, representing a 75% increase in tonnes
(Table 1) on the previously reported JORC Resource figure.
Table 1: JORC-Compliant Mineral Resource


The resource update is the result of a successful Stage 1, 2013 drilling programme comprising 36
Reverse-Circulation drill holes for 2,206m and 2 Geotechnical-purpose Diamond drill holes for 115.8m.
The latter holes are also providing important hydrological and metallurgical data for the ongoing
Rocksteady scoping study.

John Greeve, Managing Director of Mutiny Gold said “The tonnage increase is a very pleasing result, and
validates our Stage 1 exploration programme. In addition, 95% of resources are now in the high
confidence Indicated category, allowing for a mining reserve to be estimated. Based on these results, we
believe the project is robust, with the resource supporting our ongoing off-take discussions and progress
towards all necessary permitting.”

“Critically, the resource upgrade and expansion not only demonstrates the robust nature of the
Rocksteady Iron Project, but also indicates that Mutiny’s Gullewa tenements have significant
prospectivity for further discoveries and development opportunities. Whilst our primary focus remains
on our flagship high grade, low cost Deflector Gold-Copper Project, the potential to increase the wealth
Category Tonnes Density Fe % SiO2 % Al2O3 % P % LOI %
Indicated 1,098,000 3.65 51.9 14.0 2.4 0.09 6.5
Inferred 55,000 3.54 48.8 19.7 1.5 0.12 5.8
Total 1,153,000 3.64 51.8 14.3 2.3