Queensland Minerals

A Summary of Major Mineral Resources, Mines and Projects, 2nd Edition

JOE'S DELIGHT

481672

35.2 KM WEST OF RAVENSWOOD, 90KM SOUTH OF TOWNSVILLE.

Date Recorded:

Descriptive Location:

Grid Reference:

Latitude -20.1325 Longitude 146.5531

CARE AND MAINTENANCE, ACTIVE PROSPECT

AMG Zone 55 453300 mE 7773800 mN

1:100 000 sheet Number and Name: 8257 RAVENSWOOD

6/January/2006

Other Names for Deposit / Mine

Alma No.1

Joes Delight

Alma

Commodities

Size

Size Definition

GOLD

VERY SMALL

<0.5 tonnes AU

SILVER

VERY SMALL

<5 tonnes AG

Production Details

334

Period:

1/01/1881

31/12/1936

to

tonnes ore

GOLD

BULLION

7.3 kilograms

25,762

Period:

1/01/1987

31/12/1990

to

tonnes ore

GOLD

BULLION

68.3 kilograms

2.65 grams per tonne

128,747

Period:

1/07/1992

30/06/1993

to

tonnes ore

GOLD

BULLION

325.7 kilograms

2.53 grams per tonne

Published Reserves/Resources

INFERRED MINERAL RESOURCE

51000 tonnes Ore @

BR 7702 Published in 2004

FOR

354 Kilograms GOLD

7.00 g/t GOLD

Comments/Cut Off Factor:

Cutoff Grade of 4 g/t Au

Resource figures listed above are JORC compliant.

Year

Author

Published Reference ID

2004

SMC GOLD LIMITED

BR 7702

SMC GOLD LIMITED -ANNUAL REPORT 2004

SMC GOLD LIMITED

Comments

Year Completed

Year Commenced

Major Mining Related Events

Mining Operations

Comments

OPEN CUT MINING

PITS

SHAFTS

UNDERGROUND MINING METHODS

Tenure Type/Number

Company Name/Surname

SHARE

ML

1712

SMC GOLD LIMITED

100.00%

Host Rock/Cover Sequences

Structural Unit

Formation Name/Age

PAMA PROVINCE

Boatswain Granodiorite / SILURIAN to DEVONIAN

Deposit Model

GENERAL ORE BODY MODEL

MESOTHERMAL VEINS/PIPE/STOCKWORK

DETAILED ORE BODY MODEL

MESOTHERMAL VEINS MAGMATIC-RELATED

Mineralisation Age

ORE

DEVONIAN

Comments

Web Page

http://www.smcgold.com.au/