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Paddington
Mount Morgan
Middlemount
Central Queensland
Reserves
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Reserves / Resources  

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Paddington Mineral Resource as at 31 March 2008 (inclusive Ore Reserves)

Resource Category


Measured Resource
Indicated Resource
Inferred Resource
Total Mineral Resource

Million
Tonnes

Grade
(g/t)

1.7
2.0
2.2
2.1
Gold   
(oz)   


35,000
2,720,000
2,070,000
4,825,000

0.65
41.66
29.64
71.95

 
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Paddington Ore Reserves as at 31 March 2008
Reserve Category


Proven Reserves
Probable Reserves
Total Ore Reserve
Million
Tonnes
Grade
(g/t)


1.2
1.8
1.8
Gold   
(oz)   


4,700
1,007,700
1,012,400
0.12
17.74
17.86
 


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Mount Morgan Resources

The resource position for Mount Morgan will be made available following board review in July 2008.


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Norton Gold Mine

Resource Category


Measured Resource
Indicated Resource
Inferred Resource
Total Mineral Resource
Tonnes


109,000
252,000
92,000
453,000
Grade
(g/t)


7.9
7.6
6.1
7.4
Gold  
(oz)  


27,685
61,575
18,043
107,303
     

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Competent Person’s Statement

The information contained herein that relates to Exploration Results and Mineral Resources for Paddington is as follows:

The Mineral Resource statement, herein that relates to Exploration Results and Mineral Resources for Paddington with the exception of the Mt Pleasant Mineral Resource estimate, has been compiled by Mr Ian Copeland who is a Member of the Australasian Institute of Mining and Metallurgy, and qualifies as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Ian Copeland is a full time staff member of Norton Goldfields and consents to the inclusion in the release of the matters based on the information in the form and context in which it appears.

The Mt Pleasant Mineral Resource estimate, with the exception of the Homestead Mineral Resource estimate, has been compiled with the consent of Mr David Williams, who is a Member of the Australasian Institute of Mining and Metallurgy, and qualifies as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr David Williams is a full time staff member of CSA Australia Pty Ltd and consents to the inclusion in the release of the matters based on the information in the form and context in which it appears. The Homestead Mineral Resource estimate was compiled with the consent of Mr Ian Copeland.

The Paddington Mineral Resource estimate has been depleted by mining and therefore varies from the estimate compiled in January 2008.

The Mineral Resource estimate is tabulated inclusive of Ore Reserves. Cut-off grades used to estimate the Mineral Resource vary by deposit, ranging from 0.7g/t Au up to 1.0g/t Au. Note rounding errors may occur in the tabulation of the Mineral Resource estimate.

Mr Copeland consents to the inclusion in the release of the matters based on the information in the form and context in which it appears.

The information contained in this announcement that relates to Exploration Results and Mineral Resources for Mount Morgan and Norton Gold Mine is based on information compiled by Mr A.T. Prowse who is a member of the Australian Institute of Mining and Metallurgy. Mr Prowse is a fulltime employee of the Company. Mr Prowse has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results Mineral Resources and Ore Reserves’.

Mr Prowse consents to the inclusion in the release of the matters based on the information in the form and context in which it appears.

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