Queensland Minerals

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

LADY ELLA PROSPECT

493655

48KM NNE OF CHATSWORTH, 141KM SE OF MT ISA.

Date Recorded:

Descriptive Location:

Grid Reference:

Latitude -21.5806 Longitude 140.4938

MINERAL OCCURRENCE, ACTIVE PROSPECT

AMG Zone 54 447600 mE 7613500 mN

1:100 000 sheet Number and Name: 6954 MOUNT MERLIN

7/December/2005

Other Names for Deposit / Mine

Lady Ella Mine

Commodities

Size

Size Definition

COPPER

SMALL

500 - 50 000 tonnes CU

GOLD

SMALL

0.5 - 5 tonnes AU

Production Details

Published Reserves/Resources

INDICATED MINERAL RESOURCE

550000 tonnes Ore @

BR 7038 Published in 2002

FOR

8580 Tonnes COPPER

1.56 % COPPER

FOR

726 Kilograms GOLD

1.32 g/t GOLD

Comments/Cut Off Factor:

1% copper

INFERRED MINERAL RESOURCE

190000 tonnes Ore @

BR 7038 Published in 2002

FOR

2584 Tonnes COPPER

1.36 % COPPER

FOR

203 Kilograms GOLD

1.07 g/t GOLD

Resource figures listed above are JORC compliant.

Year

Author

Published Reference ID

2002

SELWYN MINES LIMITED

BR 7038

SELWYN MINES LIMITED - ANNUAL REPORT 2002

SELWYN MINES LIMITED

Comments

Year Completed

Year Commenced

Major Mining Related Events

Mining Operations

Tenure Type/Number

Company Name/Surname

SHARE

ML

90061

IVANHOE CLONCURRY MINES PTY LIMITED

100.00%

Host Rock/Cover Sequences

Structural Unit

Formation Name/Age

QUAMBY-MALBON SUBPROVINCE

Kuridala Formation / PALAEOPROTEROZOIC to

PALAEOPROTEROZOIC

Deposit Model

GENERAL ORE BODY MODEL

REPLACEMENT DEPOSIT

DETAILED ORE BODY MODEL

PROTEROZOIC STRUCTURALLY-CONTROLLED

COPPER-GOLD

Mineralisation Age

ORE

MESOPROTEROZOIC

Comments

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