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— 3 — Sundance Resources Ltd ABN 19 055 719 394 Previous mining history includes artisanal mining dating back to the 1940s, followed by intermittent small scale mining since 1976. Historical production is reported to be about 500,000 tonnes of ore. Production records for the 1998-1999 period indicate that a total of 35,885 wet tonnes of ore averaging 2.97 g/t Au and 0.63% Cu (non-soluble component) were mined and processed during the period, resulting in some 1,190 tonnes of concentrate containing 41.96 g/t Au, 20.36% Cu, and 101.84g/t Ag. The process plant has a current capacity of about 200 tpd and is presently on care and maintenance. Most of the mining activity reportedly focused on high grade veins and ore shoots, with some less selective room and pillars mining taking place in the later years. Existing underground workings include some 2,000m of development distributed in 11 levels and a decline (4m x 3m) which links the various levels and is used as transport level. All underground workings appear dry and in good condition Existing project infrastructure is in place to support a small scale operation, and includes. o Access road – Some 83 km to the closest major town, including 25 km of gravel road in rugged terrain which will require upgrading. The closest major port facilities are located some 160 km from the mine. o Power supply and distribution. o Water supply and distribution o Basic camp and office facilities. o A small scale (200 tpd) conventional flotation plant and associated facilities. In February 2005, Sundance announced that a total of 22 soil samples were collected from geological target areas in order to assess the prospectivity of areas outside the known skarn deposit. Anomalous Cu values were found in each of the soil samples, and ranged from 550 to 59,700 ppb (low detection limit 10 ppb). Silver values ranged from 2.3 to 235ppb (low detection limit 0.1 ppb). The program successfully defined strong coincident Cu, Ag, Mo, Au, Zn, Cd and W responses over the copper target zones. Granitic zones also returned elevated Cu, Ag, Au, Zn and Pb values, whilst the main fault zone returned elevated Ag, Co, Zn and Pb. A mineralized breccia showed characteristically elevated Cu, Ag, Co, Zn and Pb. All field work and geochemical sampling were conducted under the supervision of Perth based consultants MMI Technology. Sample preparation and assaying was conducted by ALS Chemex laboratories in Australia. John Corr Director
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