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Reserves / Resources  

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The Mineral Resource estimate for Paddington is:

Mineral Resource as at 30 June 2010 (including Ore Reserves)

Resource Category


Measured Resource
Indicated Resource
Inferred Resource
Total Mineral Resource

Million
tonnes

    Grade
(g/t)

1.58
1.87
2.06
1.95
Gold   
(oz)   


7,000
2,986,000
2,526,000
5,519,000

0.14
49.76
38.09
88.00

* All numbers rounded

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The Ore Reserve estimate for Paddington is:

Ore Reserve as at 30 June 2010
Reserve Category


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


-
1.34
1.89
Gold   
(oz)   


-
4,000
1,203,000
-
0.09
19.79
   

* All numbers rounded

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The Mineral Resource estimate for Mount Morgan is:
Mineral Resource as at 30 June 2010

Resource Category


Mundic
  Indicated
  Inferred
No.2 Mill
  Indicated
  Inferred
Red Oxide
  Indicated
  Inferred
Shepherds
  Inferred

Total

      Million
tonnes
  Grade
(g/t)
    Gold   
(oz)   

   
 


0.833
0.357

1.264
1.099

390
445

3,960

8,348

   


1.93
1.82

1.16
1.17

2.23
2.15

0.86

1.23

   


52,000
21,000

47,000
41,000

28,000
31,000

106,000

326,000


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The Mineral Resource estimate for Norton Gold Mine is:

Resource Category


Measured Resource
Indicated Resource
Inferred Resource
Total Mineral Resource
      Million
tonnes

        Grade
(g/t)


        Gold
(oz)
   
  0.109
0.252
0.092
0.453
      7.9
7.6
6.1
7.4
    27,685
61,575
18,043
107,303
     


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Coal Resources for Sienna North Project (EPC 1033)

Coal seam     Cumulative Ply Thickness (m)   Inferred
Resource (Mt)
 
Phillips
Leichhardt
Vermont

Total
  2.97
3.59
2.21
       
8.80
      7.50
12.50
9.10
       
29.10
   


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Coal Resources for Sienna South Project (EPC 1033)

Coal seam     Cumulative Ply Thickness (m)   Inferred
Resource (Mt)
 
Phillips
Leichhardt
Vermont

Total
  4.68
4.02
1.39
       
10.09
      11.60
11.90
4.50
       
28.00
   

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Competent Person’s Statement

The information in this report that relates to Mineral Resources is based on information compiled by Andrew Bewsher and Peter Ruzicka.  The information in this report that relates to Mineral Reserves is compiled by Ian Paynter.  In some instances material relating to historical resource models material is reported, these models have been reviewed and validated by Peter Ruzicka.

Andrew Bewsher is a member of the Australian Institute of Geoscientists and a full-time employee of BM Geological Services PL, a consulting group to Norton Gold Fields Limited.  Peter Ruzicka and Ian Paynter are members of the Australian Institute of Mining and Metallurgy and full-time employees of Norton Gold Fields Limited.

Messrs. Bewsher, Ruzicka and Paynter all have sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this report, and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.  Andrew Bewsher, Peter Ruzicka and Ian Paynter all consent to the inclusion in this report of matters based on their information in the form and context in which it appears.

The information in this report that relates to the Mineral Resources of the Mount Morgan Mine Project was prepared in accordance with the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) by Tony Marshall. Tony Marshall is Principal Geologist of SMG consultants who is member of Member of The Australasian Institute of Mining and Metallurgy or the Australian Institute of Geoscientists or a ‘Recognised Overseas Professional Organisation’ (“ROPO. He has sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined by JORC. He consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Dr Fernando Della Pasqua is Senior Geologist at SMG Consultants.

The information in this report that relates to the Mineral Resources of the Norton Gold Mine Project was prepared in accordance with the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) by Alasdair Murray, BSc (Hons Geol), MA, who is a competent person as defined for this purpose. He has over 30 years experience in the field of mineral exploration and evaluation, and is a member of the Australian Institute of Geoscientists. Mr Murray also supervised grade control, sampling and reconciliations during the 1997-98 mining of the Never Never pit.

The estimates of Coal Resources for the Sienna Coal Project presented in this report have been carried out in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code), 2004, prepared by the Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy (AusIMM) and the Australasian Institute of Geoscientists and Minerals Council of Australia, December 2004. The Information in this report that relates to Sienna coal Resources, is based on information reviewed by Mr Harry Seitlinger, who is a Member of The AusIMM and is a full time employee of NSW Geology. Mr Harry Seitlinger has sufficient experience which is relevant to the style and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the JORC Code. Mr Harry Seitlinger consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

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