Tenement Schedule

TENEMENT SCHEDULE (as at 31^st March 2010)

Nickel – Cobalt Projects

Tenement	Project Name	No. Sub Block	Commodity Targeted
ML 4187	Bell Creek North Lease	71.35 Ha	Ni , Co
ML 4188	Bell Creek South Lease	98.11 Ha	Ni , Co
ML 10324	Dingo Dam	36.17 Ha	Ni , Co
ML 10332	Lucky Break	241.7 Ha	Ni, Co
MLA 10342	Kokomo	3593.07 Ha	Ni, Co
MLA 20549	Bell Ck Consolidated	2145 Ha	Ni, Co
MDL 387	Minnamoolka	654.26 Ha	Ni, Co
EPM 10235	Minnamoolka	5	Ni , Co
EPM 10699	Kokomo	21	Ni , Co, Sc, Au
EPM 11285	Bell Creek	8	Ni , Co
EPM 14066	Greenvale South	48	Ni , Co, PGE
EPM 14070	Greenvale North	65	Ni , Co, Cu, Au
EPM 14101	Mt Garnet South	80	Ni , Co, Au, PGE
EPM 14181	Lucky Downs	18	Ni , Co, Cu
EPM 14273	Moonmyata	8	Ni , Co, Au , PGE
EPM 14381	Greenvale South #2	15	Ni , Co, Cu
EPM 14518	Mt Garnet South #2	56	Ni , Co, Au, Cu
EPM 14608	Pinnerendi	12	Ni
EPM 14987	Sandy Creek	50	Ni , Co, Au, U.
EPM 15198	Kinrara	67	Ni , Co, PGE, Cu
EPM 15924	Gunnawarra	6	Mg
EPMA 17892	Lockup Well	1	Ni, Co
EPMA 17893	Broken River South	3	Ni, Co
EPMA 18167	Canoona	22	Ni, Co
EPM 18175	Pinnacles Consolidated	21	Ni, Co

Gold & Base Metals

Tenement	Project Name	No. Sub Block	Commodity Targeted
EPM 13873	Six Mile	51	Gold, Copper

Greenvale – Nickel Cobalt – Three Rivers Project

Tenement	Project Name	No. Sub Block	Commodity Targeted
EPM 10680	Lucknow North	3	Ni, Co
EPM 10866	Lucknow South	4	Ni, Co
EPM 11223	Dinner Creek	7	Ni, Co

Limestone Projects

Tenement	Project Name	No. Sub Block	Commodity Targeted
ML 10276	Star River Limestone	18.54 Ha	Limestone
ML 80131	Boyne Limestone NE	54.40 Ha	Limestone
ML 80132	Boyne Limestone SW	52.70 Ha	Limestone
EPM 13423	Boyne Limestone	4	Limestone
EPM 13756	Fairview Limestone	2	Limestone
EPM 14042	Fairview Extended	2	Limestone
EPM 17018	Mt Podge	4	Limestone
EPMA 18253	Craigie	16	Limestone
MDL 394	Fairview	776.6 Ha	Limestone
MLA 80162	Fairview	692.8 Ha	Limestone
ML 4788	Crotty 1	2.023 Ha	Limestone
ML 4789	Crotty 2	2.023 Ha	Limestone
ML 5079	Crotty	25.95 Ha	Limestone
ML 5372	Crotty 3	210 Ha	Limestone

Mineral Sands

Tenement	Project Name	No. Sub Block	Commodity Targeted
EPM 15268	Urquhart Point	24	Rutile, Zircon, HMS
EPMA 15370	Jackson River	14	Rutile, Zircon, HMS
EPM 15371	Doughboy	16	Rutile, Zircon, HMS
EPM 15372	Jardine	45	Rutile, Zircon, HMS
EPMA 18015	Jackson River #2	3	Rutile, Zircon, HMS
EPMA 18377	Sandman #1	63	Rutile, Zircon, HMS

Note:-

All tenements 100% held unless expressed otherwise

( * ) Renewal pending

( # ) Surrender pending

( + ) Assignment approved 1^st April 2010

PGE = Platinum Group Elements

HMS = Heavy Mineral Sands

EPM = Exploration Permit for Minerals

EPMA = Application for Exploration Permit for Minerals

ML = Mining Lease

MLA = Application for Mining Lease

MDL = Mineral Development Licence

MDLA = Mineral Development Licence Application