ABM RESOURCES NL

ABN 58 009 127 020

GROUP

ANNUAL REPORT

EL 9250, 26609, 26619, 27125, 27126, 27566, 27812,

27979 and 28333

SUPPLEJACK PROJECT

GR 166/12

From 16 October 2011 to 29 November 2012

Holder Australian Tenement Holdings Pty Ltd, ABM Resources NL, Operator ABM Resources NL, Author J Rohde Date December 2012 Email joe @abmresources.com.au Target Commodity Gold Datum/Zone GDA94/ MGA Zone 52 250,000 mapsheet Tanami (SE52-15) 100,000 mapsheet Breaden (4859), Wilson Creek (4959), Tanami (4858), Buck (4958)

Distribution: ο DRDPIFR - digital ο Central Land Council - digital ο ABM RESOURCES NL - Perth - digital File: jr61DoR GR 166-12 Supplejack GA 2012

CONTENTS Page

1.0 SUMMARY ................................................................................................................................. 1 2.0 INTRODUCTION ........................................................................................................................ 2 3.0 TENURE ..................................................................................................................................... 2 4.0 GEOLOGY ................................................................................................................................. 3 4.1 Regional Geology ........................................................................................................ 3 4.2 Local Geology (EL 9250) ............................................................................................. 4 4.2.1 Hyperion Prospect Geology (EL 9250) ....................................................................... 5 4.3 Local Geology (EL 27812) ........................................................................................... 5 5.0 PREVIOUS EXPLORATION ...................................................................................................... 6 5.1 EL 9250 ......................................................................................................................... 6 5.2 EL 27812 ....................................................................................................................... 7 5.3 EL 9250 and EL 27812 ................................................................................................. 7 6.0 EXPLORATION COMPLETED .................................................................................................. 8 6.1 Drilling .......................................................................................................................... 8 6.2 Maiden Resource Estimation at Hyperion ................................................................. 9 7.0 RECOMMENDATION and CONCLUSIONS ............................................................................ 10 8.0 Bibliography ............................................................................................................................ 11 TABLES Table 1 Summary of Exploration Table 2 Tenement Details Table 3 Exploration Summary for the first year of tenure Table 4 2005 Drill Summary Table 5 2011 Summary of Exploration Table 6 Significant Intersections (1.0g/t Au cut -off) Table 7 Hyperion Gold Project Inferred Resource Estimation without top-cut Table 8 Hyperion Gold Project Inferred Resource Estimation with 50g/t top-cut*

FIGURES Figure 1 Project Location & Tenement Locality ........................................................... 1 : 500,000 Figure 2 Drill hole location map including historic hole locations ................................................... Figure 3 Hyperion Central Prospect Longsection Figure 4 Hyperion Central and South grade shell models ............................................................. Figure 5 3D isometric Image of the Hyperion Central and Hyperion South grade shell models. PLATES Plate 1 Regional Geology 1 : 1,250 Plate 2 Drill Hole Location Plan 1 : 1,250 DIGITAL APPENDICES FILE DESCRIPTION GR166_12_2012_GA_01.pdf Group annual report GR166_12_2012_GA_02_DrillCollars.txt Drilling location data GR166_12_2012_GA_03_Lithologs.txt Downhole geological data GR166_12_2012_GA_04_DownholeGeochem.txt Downhole geochemical analysis, assay data GR166_12_2012_GA_05_Downhole_Survey.txt Downhole survey GR166_12_2012_GA_06_Downhole_Alteration.txt Downhole alteration GR166_12_2012_GA_07_Downhole_Vein.txt Downhole veins GR166_12_2012_GA_08_Minerals Downhole minerals GR166_12_2012_GA_09_Legend.pdf Geological legend GR166_12_2012_GA_10_LithologyCodes.txt ABM logging codes GR166_12_2012_GA_11_Resource_Report.pdf Resource estimation report

ACKNOWLEDGEMENT AND WARRANTY 1. Subject to 2, the tenure holder acknowledges that this Report, including the material,

information and data incorporated in it, has been made under the direction or control of the Northern Territory (the NT) within the meaning of section 176 of the Copyright Act 1968.

2. To the extent that copyright in any material included in this Report is not owned by the NT, the

tenure holder warrants that it has the full legal right and authority to grant, and hereby does grant, to the NT, subject to any confidentiality obligation undertaken by the NT, the right to do (including to authorise any other person to do) any act in the copyright, including to:

• use; • reproduce; • publish; and • communicate in electronic form to the public, such material, including any data and

information included in the material.

3. Without limiting the scope of 1 and 2 above, the tenure holder warrants that all relevant authorisations and consents have been obtained for all acts referred to in 1 and 2 above, to ensure that the doing of any of the acts is not unauthorised within the meaning of section 29(6) of the Copyright Act.

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 1

1.0 SUMMARY The Supplejack Project is located approximately 700km NNW of in the northern portion of the Tanami Desert (Figure 1). The project comprises nine granted Exploration Licences - EL 9250, 26609, 27812, 26619, 27125, 27126, 27566, 27979 and EL28333. ABM explores the tenements for the potential of gold mineralisation. In December 2009, ABM Resources NL (ABM) purchased EL 9250 from Australian Tenement Holdings Pty Ltd (ATH) a wholly owned subsidiary of Newmont Tanami Pty Ltd (Newmont). In 2010 EL 27812 and EL 27566 were granted to ABM. On the 24 November 2011 group status was approved. In 2012 six new ELs 26609, 26619, 27125, 27126, 27979 and EL28333 were granted and added to the group. In order to align previous reporting periods with the new amalgamated reporting period this reporting period was extended to start from the 16 October 2011. Exploration during the reporting period continued to focus on the Hyperion Prospects included a RC drilling program and a maiden resource estimate. A summary of exploration as per tenement is listed in Table 1. Table 1: Summary of Exploration

Tenement ID Activity Detail

EL 9250 RC drilling, calculation of maiden resource 20 holes for 3,354m,

inferred resource EL 27812 EL 26609 EL 26619 EL 27125 EL 27126 EL 27566 EL 27979 EL28333

The 2011 drilling returned excellent near surface drill results and the system continued to show extensive wide zones of mineralisation. The best intersections returned using a 1.0g/t cut-off included:

• 13 metres @ 5.46g/t gold in hole HYRC100023 (1.0g/t cut-off) • 24 metres @ 1.71g/t gold in hole HYRC100012 (1.0g/t cut-off) • 19 metres @ 1.42g/t gold in hole HYRC100015 (1.0g/t cut-off) • 38 metres @ 1.62g/t gold in hole HYRC100022 (1.0g/t cut-off)

At the Hyperion Central and Hyperion South Prospect the combined, maiden inferred resource estimate, utilising a 0.8g/t minimum and 50g/t top-cut cut off, produces a model which infers 202,200 ounces of gold at an average grade of 2.11 g/t gold for a total tonnage of 2,977,000t.

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-19.2 ° EL27566

EL28333

EL27979

EL9250

EL26609

EL26619

EL27126

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EL27812

RABBIT FLAT ROADHOUSE

SUPPLEJACK DOWNS

TANAMI MINE

EL27566

EL28333

EL27979

EL9250

EL26609

EL26619

EL27126

EL27125

EL27812

RABBIT FLAT ROADHOUSE

SUPPLEJACK DOWNS

TANAMI MINE

GROUND RUSH

Drawing:

Date: 6/12/2012

Scale: 1:500000 Projection: Longitude / Latitude (NAD 83)

Office:

Author: joer

20

Figure 1

Project Location & Tenement Locality

EL 9250, 26609, 26619, 27125,27126, 27566, 27812, 27979 and 28333

SUPPLEJACK PROJECTGR 166/12

0 5 10

kilometres

GR 166-12

Alice Springs

Tennant Creek

Darwin

Alice Springs

Tennant Creek

Darwin

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 2

2.0 INTRODUCTION The group of tenements are located approximately 300km southeast of Halls Creek, in the northwestern region of the Tanami Desert. Access from Halls Creek is southeast via the unsealed Tanami Highway for approximately 320km to the Tanami Mine, then 50 to 75km north along the Lajamanu (Hooker Creek) Road towards the Supplejack Downs homestead, then 17km respectively 7km east using station tracks. Access from Alice Springs is northwest via the Tanami Highway for approximately 700km until the Lajamanu turnoff (Figure 1). The areas are affected annually by high temperatures and seasonal rainfall associated with the northern monsoon, which generally extends from November to April. During this time access via road may be restricted due to wet conditions. Exploration continued to focus on the Hyperion prospects area which is located 18 kilometres north north-east of the Groundrush Gold Mine on EL 9250. The Hyperion prospect comprises a two kilometer by 500 meter gold anomaly. 3.0 TENURE On the 12th of July 2010, Exploration Licences 27812 ‘Plucky’ was granted to ABM for a period of six years. Even so as EL 27812 is situated on a pastoral lease the Central Land Council is included in the distribution list of the reporting. Exploration Licence 9250 ‘Chapman’s Hill’ was granted to Otter Gold NL on the 17th October 2001. During December 2001 – January 2002 Normandy NFM gained a controlling interest in Otter Gold NL, the Normandy NFM team took control of Mining Leases and Exploration ground. By May 2002 Newmont Australia had taken over Normandy and had a controlling interest in Normandy NFM (now Newmont Tanami Pty Ltd) and thus Otter Gold NL. Newmont had the tenement registered by Australian Tenement Holdings Pty Ltd (ATH) a wholly owned subsidiary of Newmont. In December 2009, ABM purchased EL 9250 from ATH. On the 24 November 2011 group status was approved for EL 9250, EL 27566 and EL 27812 to form the Supplejack group with the group reporting ID GR 166/10. The technical reporting period was set to the 15 October of each year. In May 2012 the technical reporting period changed from ending 15 October to ending 29 November. The group reporting ID was up dated from GR 166/10 to GR 166/12. On the 17 October 2012 the addition of the newly granted EL 26609, 26619, 27125, 27126, 27979, and 28333 to the amalgamated annual (technical) reporting was approved. In 2012 ABM lodged a renewal application for EL 9250 for a further two years, which was pending when writing this report. The current tenement areas are shown in Figure 1, with tenement details shown below in Table 2.

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 3

Table 2: GR 166/12 Tenement Details

Tenement No

Tenement Name

Blocks Km² Grant Date Expiry Current Covenant

EL 9250 Chapman’s Hill 64 204 17/10/01 2/10/12* $58,000

EL 26609 San Marino 5 16.1 3/01/2012 2/01/2018 $6,500 EL 26619 Assen 12 38.64 07/09/12 06/09/18 $8,000 EL 27812 Plucky 6 19.32 12/07/10 11 07/16 $13,000 EL 27125 Gladius 8 25.76 07/09/12 06/09/18 $17,500 EL 27126 Ballista 21 67.62 03/01/12 02/01/18 $22,500 EL 27566 Spatha 75 241.5 06/04/10 05/04/16 $47,500 EL 27979 TBA 58 186.76 03/01/12 02/01/18 $37,000 EL28333 TBA 10 32.2 07/09/12 06/09/16 $24,600

*Renewal pending This amalgamated annual technical report covers the periods shown in the Table 3. Table 3: Aligning Interim Reporting Periods

Exploration Licence

Reporting Period 9250, 27812 16/10/2011 to 29/11/2012

27566 16/11/2011 to 29/11/2012 26609, 27126, 27979 03/01/2012 to 29/11/2012 26619, 27125, 28333 07/09/2012 to 29/11/2012

4.0 GEOLOGY 4.1 Regional Geology The oldest rocks of the Tanami region belong to the Billabong Complex, a suite of Archean age gneiss and schist. These are unconformably overlain by the Proterozoic MacFarlenes Peak Group (mafic volcanic and volcaniclastic rocks), followed by a thick succession of clastic sediments of the Tanami Group (Hendricks et al., 2000). A suite of syn- to post-deformation dolerites and gabbros are found intruding both the MacFarlane Peak and Tanami Groups. Complex polyphase deformation during the Barramundi Orogeny (1845-1840Ma) has affected the entire Granites-Tanami Inlier. It appears to have been largely controlled by two sets of regional scale fundamental crustal fractures that trend NNE and WNW. This is evidenced by the orientation of successive phases of macroscopic folding in the region and the consistent sympathetic trends of late tectonic faults. Peak metamorphism during the Barramundi Orogeny reached amphibolite facies (Granites Gold Mine), but is more generally greenschist facies through the Inlier (Callie Gold Mine). Contact metamorphic aureoles, commonly identified in politic schist units by randomly orientated andalusite porphyroblasts, are well developed at the margins of the syn- and post-orogenic granite plutons.

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 4

Localised extension followed, forming small basins, which filled with shallow marine sediments to the west (Pargee Sandstone) and pillow basalts and turbiditic sediments to the east (Mt Charles Formation). Following the period of extension, widespread granite intrusion and volcanism followed in the period 1830 – 1810 Ma. At least three suites of granitic intrusives and two volcanic complexes are present. The last intrusion of (undeformed) granite occurred at around 1800 – 1795Ma, with the intrusion of The Granites Suite (Hendrickx et al, 2000). Residual hills of gently folded Carpentarian Gardiner Sandstone unconformably overlie Early Proterozoic lithologies. Younger flatlying Cambrian Antrim Plateau Basalts are also preserved as platform cover in areas protected from erosional stripping. Tertiary drainage channels, now completely filled with alluvial and lacustrine clays and calcrete are a major feature of the region. Some drainage profiles are 10 km wide and greater than 100m deep. A desert terrain comprising transported and residual colluvial cover sediments and aeolian sand blanket a large portion of the Inlier, with an estimated outcrop exposure of less than 10% of the early Proterozoic lithological units. Gold mineralisation is dominantly hosted by the Tanami Group, a sequence of fine to medium-grained turbiditic metagreywackes with lesser amounts of metapelite, carbonaceous siltstone and schist, banded ironformation, chert and calcsilicates. (Hendrickx et al, 2000). Owing to their more resistant nature, only the cherts and iron-formations and associated interbedded graphitic schists tend to outcrop above the sand plain. The interlayered pillow basalts and sediments of the Mt.Charles Formation at the Tanami Mine deposits also host significant gold mineralisation. The regional geological map on Plate 1 represents a section of an interpreted geological map originally compiled by Dr Puquan Ding in 2000 for Tanami Gold N.L. As more and more information became imminent the map was continuously revised by Tanami Gold geologists over the following years up to 2007. 4.2 Local Geology (EL 9250) (From Muir 2004) The western portion of Exploration Licence is dominated by ‘cover’ sequences such as the Antrim Plateau Volcanics (described as a tholeiitic basalt, porphyritic and nonporphyritic basalts; minor tuffaceous sands, lithic arenite and stromatilitic cherts) and Gardiner Sandstone (described as sublithic arenite, medium to coarse quartz arenite, basal conglomerates, minor siltstones, cross bedding and medium to thin bedded). The Northern Territory Geological Survey has produced a basement geology map which describes EL9250 as predominantly McFarlane Peak Group (a thick sequence of mafic volcanic, volcaniclastic and clastic sedimentary rocks, which possess distinctive magnetic and gravity signatures). Killi Killi Beds dominate to the north east. These are mostly sandstones and siltstones that are non to weakly magnetic.

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 5

4.2.1 Hyperion Prospect Geology (EL 9250) (from Holden, Richards, Van Roij, Smillie, 2012) Gold mineralisation at the Hyperion prospects has geological similarities to the nearby Groundrush Gold Deposit. The mineralisation is principally hosted in structurally controlled quartz-carbonate veins associated with granite / felsic dykes hosted within a basalt / sedimentary rock sequence. The Hyperion Central Prospect has drill-defined mineralisation over a strike length of 600 metres within an anomaly more than one kilometre long. Mineralisation extends from surface to a depth of at least 250 metres below surface. The mineralisation at Hyperion Prospect and Hyperion South Prospect is associated with a structural contact between contrasting lithologies. At the Hyperion Prospect, this is a shear zone following the contact between a granite sill and differentiated dolerite. In areas of more complex deformation, this results in a repeat of the lithology and is generally associated with more mineralisation. A similar, approximately parallel structure runs through the Hyperion South Prospect, although some fine grained turbiditic sediments are also encountered here, and there is less evidence of intruding granite sills. The strike of the sediments and the differentiated dolerite at the Hyperion South Prospect is roughly perpendicular to each other. That means the mineralisation at the Hyperion South Prospect is more likely to form in almost vertical shoots, whereas at the Hyperion Prospect it has a more prominent extent along strike. The complete report is appended as appendix GR166_12_2012_GA_11_Resource_Report.pdf. 4.3 Local Geology (EL 27812) Within the project area, four stratigraphic unites have been recognised; Nanny Goat Creek Beds, Supplejack Downs Sandstone, Gardiner Sandstone and Antrim Plateau Volcanics. The Nanny Goat Creek Beds are Archaean to Lower Proterozoic rocks; stratigraphically equivalent to the Mount Charles Beds outcropping near the Tanami Mine to the south. Both of these rock units form part of the Tanami Complex. The Nanny Goat Creek Beds are described as predominantly volcanic rocks consisting of ignimbritic acid porphyry, amygdaloidal non-porphyritic basaltic lavas with intrusive patchy porphyritic basalt and tuff. The subordinate rocks are metasedimentary greywacke, shale and siltstone. The main part of the project area consists of outcropping Nanny Goat Creek Beds. The rocks are generally steeply dipping with cleavage often parallel to bedding, adding to the structural complexity. Complex folding and faulting is evident and detailed mapping is required to more fully understand this area. The Supplejack Downs Sandstone unit consists of sublithic arenite and quartz arenite with some locally exposed shale and siltstone. It appears to unconformably overlie the Nanny Goat Creek Beds and is in tum unconformably overlain by Gardiner Sandstone. Mapping shows this unit (SDS) to have moderate dips (24-45°) and broad open folding. The Gardiner Sandstone unit forms part of the Birrindudu Group and consists of sublithic arenite, subordinate quartz arenite, conglomerate, shale siltstone and glauconitic sandstone. The Antrim Plateau Volcanics are considered to be the oldest Palaeozoic rocks in the area and are probably of early Cambrian age. The unit is dominated by tholeiitic basalt lavas with subordinate intercalated sandstone and chert. Exposure within the licence area is minimal. There is very little outcrop and most of the unit appears lateritised. The remainder of the project area is covered by alluvial and aeolian sand, silt and gravels with extensive laterite development.

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 6

5.0 PREVIOUS EXPLORATION 5.1 EL 9250 During the first year Otter Gold NL completed several phases of surface sampling, drilling and aeromagnetic surveys. Newmont exploration has completed a regional review of data and commenced a major phase of sampling and drilling. A summary of the exploration completed in 2002 is listed below in Table 3. Table 3 Exploration Summary for the first year of tenure Activity Details Best Drill Intercept Rock Chip sampling 54 samples Geochemistry Sampling 1854 samples RAB/Aircore 86 holes for 3773m 3m @ 8.53 g/t Au

During the second year of tenure Newmont Exploration completed 479 regional geochemistry ‘infill’ samples, 507 RAB/aircore holes identifying two prospects “Dane Hill” & “Hyperion” and infilled “Hyperion” with 34 RC holes and one diamond hole. The best intercept was 21m @ 4.3g/t Au. During the third year of tenure Newmont completed 812 RAB holes and 90 aircore holes identifying additional prospects “Sunline”, Yippyio” and “Juggler”. 27 RC holes and 1 diamond hole were drilled at the “Hyperion” and “Sunline” prospects. Petrological analysis of the diamond core material was undertaken. A ground magnetic survey (68 line kms) was also carried out. In the fourth year of tenure work focused on RAB/Diamond drilling at the Sunline (located 0.8km to the SE of Hyperion) and Stoney Ridge (1km to the S of Hyperion) prospects. This included a diamond tail to existing hole HYRC0055, as well as a deeper hole collared 50m to the south of hole HYRC0056. These two holes were aimed at providing the necessary information to target mineralisation along strike with a third hole. The best intercept was 1m @ 1.5g/t in HYRC0055E. Four petrology samples from HYRC0055E core were analysed to determine how Sunline fits into the broader Tanami picture. A summary of the drilling completed in 2005 is listed below in Table 4. Table 4 2005 Drill Summary Type of Drilling

Drillhole ID Drillhole No

Metres Drilled

Sample ID

Numbers of Samples

RCE HYRC0055E 1 222.5 3811119 - 3822276 3833552 - 3833629 (includes samples)

222

RC HYRC0061 1 150 3832506 3832661 150 RAB STRB1384 –

STRB1410 26 1206 3903512 – 3903920

(includes samples 393

Petrology HYRC0055E 189.2m, 189.3m, 205.9m, 215.7m

4

From the fifth year to the eighth year of tenure no field work was conducted.

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 7

During the 18 October 2009 to 17 October 2010 reporting period for EL 9250 no field exploration took place. ABM conducted a brief desktop study, which generated drill hole targets as follow up on previous encouraging results. . 5.2 EL 27812 A single rock chip sample was collected in the area of EL 27812 in 1986, which was part of a more regional sampling program. In 1993, the tenement and surrounding tenements were covered by a 500m x 1000m lag sampling program and 106 PHRAB holes were drilled. A close spaced grid of 50m x 400m soil sampling covered the eastern part of the tenement in 2000. Assays remain undisclosed and will have to be sourced from public data once available. In 2010 no exploration was conducted on EL 27812. 5.3 EL 9250 and EL 27812 In 2011 exploration focused with a RC drilling program on the Hyperion Central and Hyperion South prospects. In addition one hole was completed at the Brokenwood prospect located 6 kilometres to the south of Hyperion. A summary of exploration is listed in Table 5. Table 5 2011 Summary of Exploration

Tenement Location RC Drilling EL 9250 Hyperion, Hyperion South, Brokenwood 14 RC holes for 2479m

EL 27812 13 out of the 14 drill holes intersected mineralization. At the Hyperion Central prospect area the drilling program encountered several high grade intersections which confirmed and extended the magnitude of previously encountered mineralisation in Newmont drill holes. Best results include • 8 m @ 2.86g/t gold in hole HYRC100004 (1.0g/t cut-off) • 5 m @ 3.65g/t gold in hole HYRC100005 (1.0g/t cut-off) • 7 m @ 2.26g/t gold in hole HYRC100008 (1.0g/t cut-off) The mineralisation is hosted in inferred steeply dipping shoots of quartz in layered dolerite and schists. At the Hyperion South prospect the best intersection was: 11 m @ 4.29g/t gold in hole HSRC100004. At the Brokenwood prospect minor mineralisation was intersected. The maximum assay value returned was 9.76 ppm from a 1m sample interval from a depth of 191m in hole HSRC100004 (Hyperion South).

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 8

6.0 EXPLORATION COMPLETED 6.1 Drilling 20 RC holes for 3,354 m were completed in November 2011 at three prospects (Hyperion, Hyperion South and Hyperion West) all located on EL 9250. The drilling program was designed as step-out and infill drilling to target possible extensions of mineralisation and for resource estimation purposes. All ABM RC drill holes were surveyed every 30m with a Reflex EZ-Trac Single Shot Surveying camera with the exception of three holes at Hyperion South, where downhole surveying equipment was faulty. All samples were taken using a 12.5:1 Sandvik static cone splitter mounted under a rubber cyclone. Samples were split into 3 aliquots, with one sent to the lab for assay, one stored and retained for QA/QC purposes, and one remaining at the drill site. Size of the sample was monitored at the drill site by the responsible geologist to ensure adequate recovery. Samples were delivered to the lab on a hole-by-hole basis, and included Certified Reference Materials and blanks every 35 samples, as well as field duplicates every 25 samples to monitor laboratory performance. All samples were processed by ALS Chemex in Alice Springs Perth or Orange and were fire assayed by ALS Chemex in Perth or Orange using a 30g charge. All samples were analysed by ALS Minerals Laboratory for Au, and selected holes or samples were analysed for 52 multi-elements. Gold was assays using Fire Assay with an ICP-AES finish. Drill hole locations are shown on Figure 2 and Plate 2 and all drill and assay data is included in the digital appendices. The best intersections returned using a 1.0g/t cut-off included:

• 13 metres @ 5.46g/t gold in hole HYRC100023 (1.0g/t cut-off) • 24 metres @ 1.71g/t gold in hole HYRC100012 (1.0g/t cut-off) • 19 metres @ 1.42g/t gold in hole HYRC100015 (1.0g/t cut-off) • 38 metres @ 1.62g/t gold in hole HYRC100022 (1.0g/t cut-off)

A summary of significant intersections is listed in Table 6. Table 6: Significant Intersections (1.0g/t Au cut off)

Hole ID Depth From (m) Depth To (m)

Interval (m)

Gold (g/t)

HYRC100009 96 97 1 2.64 HYRC100009 146 147 1 1.23 HYRC100012 79 103 24 1.71 HYRC100012 32 33 1 8.44 HYRC100015 116 135 19 1.42 HYRC100020 106 107 1 1.05 HYRC100020 182 183 1 1.73 HYRC100022 156 159 3 1.63

Figure 2 Drill hole location map showing historic, 2010 and 2011 drill holes at the Hyperion Central, Hyperion South and Hyperion West prospect with significant intercepts labeled.

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 9

HYRC100022 175 191 16 1.76 HYRC100023 147 160 13 5.46 HYRC100024 196 197 1 1.10 HYRC100024 215 221 6 1.43 HSRC100006 88 92 4 2.30 HSRC100006 99 112 13 1.13 HSRC100007 93 94 1 1.71 HSRC100007 99 100 1 2.51 HYRC100011 29 30 1 1.21 HYRC100011 38 42 4 2.01 HYRC100011 47 52 5 1.15 HYRC100011 55 58 3 2.88 HYRC100014 37 47 10 17.27* HYRC100014 50 51 1 1.91 HYRC100014 59 62 3 1.78 HYRC100014 69 70 1 1.89 HYRC100014 85 86 1 1.31 HYRC100016 71 81 10 2.85 HYRC100016 85 86 1 1.02 HYRC100017 105 114 9 4.36 HYRC100018 134 138 4 1.95

*HYRC100014 includes an assay of 135g/t gold over 1 metre from 37 to 38 metres depth. The 2011 drilling returned excellent near surface drill results and the system continued to show extensive wide zones of mineralisation. 6.2 Maiden Resource Estimation at Hyperion (from Holden, Richards, Van Roij, Smillie, 2012) In order to establish a maiden inferred resource estimate at the Hyperion prospects ABM and SRK Consulting (Australasia) Pty Ltd worked collaboratively in establishing a model and statistical search parameters of the mineralised zones. The mineralised zones strike to the west-northwest and dip steeply to the south-southwest. The resource was modelled using a block model with block dimensions 10m x 10m x 5m and interpolated using an inverse distance squared technique. The resource is based on a total of 91 drill holes for 11,157m of drilling and includes historic drill data from previous explorers as well as ABM Resources’ drilling (Figure 3, 4 and Figure 5). The specific gravity (density) was determined from laboratory tests with averages of 2.65t/m3 for Hyperion and 2.55t/m3 for Hyperion South. All resources are established as inferred resources due to the estimates being based principally on RC drilling. The results are summarised in Table 7 and Table 8. The complete report is appended as appendix GR166_12_2012_GA_11_Resource_Report.pdf.

Figure 3 Hyperion Central Prospect. Long Section showing centroids of mineralised intercepts with intercepts labelled with g/t gold multiplied by intercept

length (g/t*m) and key intersections from the 2011 season also labelled.

Figure 4 Hyperion Central and South grade shell models (green line - RC drill hole trace, blue line - historic RAB and Vacuum drill hole trace).

Figure 5 3D isometric image of the Hyperion Central and Hyperion South grade shell models at varying cut-off grades (looking NE).

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 10

Table 7 Hyperion Gold Project Inferred Resource Estimation without top-cut*

0.8g/t cut off Tonnes Gold (g/t) Ounces Hyperion Central 2,209,000 2.14 152,100 Hyperion South 768,000 2.71 66,800

Total 2,977,000 2.29 219,000

2.0g/t cut-off Tonnes Gold (g/t) Ounces Hyperion Central 875,000 3.36 94,400 Hyperion South 272,000 5.37 47,000

Total 1,147,000 3.83 141,400 Note - totals may vary due to rounding. *Taken from ABM‘s announcement to the ASX at the 16/04/2012

Table 8 Hyperion Gold Project Inferred Resource Estimation with 50g/t top-cut*

0.8g/t cut off Tonnes Gold (g/t) Ounces Hyperion Central 2,209,000 2.06 146,600 Hyperion South 768,000 2.25 55,500

Total 2,977,000 2.11 202,200

2.0g/t cut-off Tonnes Gold (g/t) Ounces Hyperion Central 875,000 3.17 89,100 Hyperion South 272,000 4.08 35,700

Total 1,147,000 3.38 124,800 Note - totals may vary due to rounding *Taken from ABM‘s announcement to the ASX at the 16/04/2012

7.0 RECOMMENDATION and CONCLUSIONS (from Holden, Richards, Van Roij, Smillie, 2012) Drilling and sampling techniques, as well as Quality Assurance and Quality Control reports of ABM data have led to a maiden inferred resource estimate for the Hyperion and Hyperion South Prospects. When attempting to upgrade the classification to an indicated resource, it is advisable to twin a number of Newmont’s RC holes to test their data reproducibility and obtain a better estimate of historic data accuracy. Reported resource estimates are extremely promising and further work will continue to aim at expanding resources at both projects. Nearby historically generated geochemical and structural targets warrant further drilling to test for a repeat of structures and mineralisation.

ABM Resources – GR 166-12 Supplejack Group Annual Report from 16 Oct 2011 to 29 Nov 2012 11

8.0 BIBLIOGRAPHY Blake, D., Hodgson, I.M., and Muhling, P.C., 1979. Geology of the Granites-Tanami Region, Northern Territory and Western Australia, Bureau of Mineral Resources, Geology and Geophysics, Australia, Bull. 197 Blake, D.H., Stewart, A.J., Sweet, I.P., & Hone, I.G., 1987. Geology of the Proterozoic Davenport Province, Central Australia. Bureau of Mineral Resources, Geology and Geophysics, Australia, Bull. 226. Dean, A., 2001. Igneous rocks of the Tanami Region. Northern Territory Geological Survey, Record 2001-2003. Hendrickx M.A., Slater K.R., Crispe A.J., Dean A.A., Vandenberg L.C., and Smith J.B., 2000. Palaeoproterozoic stratigraphy of the Tanami Region: regional correlations and relation to mineralisation – preliminary results. Northern Territory Geological Survey. Geological Survey Record GS 2000-13. Hodgson, C.J., 1975. Tanami Northern Territory, 1:250,000 Geological Series: Explanatory Notes. Holden, D., Richards R., Roij Van A., Smillie P., 2012. Hyperion Deposit: Resource Estimation April 2012. Unpublished report by ABM Resources NL. Muir, M., 2002. First Annual Report for EL9250, 17th October 2001 to 16th October 2002,Tanami Region. Newmont CR: 31038 Muir, M., 2003. Second Annual Report for EL9250, 17th October 2002 to 16th October 2003, Tanami Region. Newmont CR: 31295 Muir, M., 2005. Third Annual Report for EL9250, 17th October 2003 to 16th October 2004, Tanami Region. Newmont CR: 31754 Parker, F., 2006. 1st Annual Report For the Tanami Exploration Agreement Project, EL’s 2366, 2367, 4529, 8602, 8912, 9250, 22178, 22228, 22511, 22746, 22747 and SEL’s 10188, 23569, 23660 and 23661 for the period for the period 01/01/2005 to 31/12/2005, TEA Project, Northern Territory. (Newmont CR 32264). Plumb, K.A. 1990. Halls Creek Province and The Granites-Tanami Inlier – regional geology and mineralisation, in Geology of the Mineral Deposits of Australia and Papua New Guinea (Ed F.E. Hughes) pp 681-695 (The Australasian Institute of Mining and Metallurgy: Melbourne). Rohde, J., 2010. Annual Report EL 9250 ‘Chapman’s Hill’, From the 18 October 2009 to 17 October 2010. Unpublished report by ABM Resources NL. Rohde, J., 2010. Annual Report EL 27812 ‘Plucky’, For the period 12 July 2010 to 15 November 2010. Unpublished report by ABM Resources NL. Rohde, J., 2011. Combined Annual Report EL 9250 ‘Chapman’s Hill’ & EL 27812 ‘Plucky’, Supplejack Project, from the 18 October 2010 to 15 October 2011. Unpublished report by ABM Resources NL. Shaw, R.D., Stewart, A.J., & Black, L.P., 1984. The Arunta Inlier: A complex Ensiatic Mobile Belt in Central Australia. Part 2: Tectonic History. Australian Journal of Earth Science, 31, pp 457-484.

MOUNT TANAMI

SUPPLEJACK DOWNS

Picaninny Outstation

Talbot Well

Tanami

Ground Rush Open Pit

Àd

Àtk

Àtdf

Àg1

Àd

Àtdc

Àtk

Ála

Ála

Àg1

Ála

Àg1

Àtdf

Àc

Àg1

ÁlaÀtk

Ála

Ála

Àd

Àd

Àtdc

Àtdf

Ála

Ála

Àtk

Àg1

Àtk

Ála

Àd

Àtk

Àwn

Àd

ÀwnÁla

Ála

Ála

Ála

Ála

ÀtdhÀtdhÀtdh

Àtdh Ad

Àtdl Àd

ÀtdhÀtdhÀtdh

Àc

Àtdf

Pd

Pd

7,850,000 mN

7,840,000 mN

7,820,000 mN

59

0,0

00

mE

57

0,0

00

mE

58

0,0

00

mE

63

0,0

00

mE

60

0,0

00

mE

61

0,0

00

mE

62

0,0

00

mE

7,860,000 mN

7,870,000 mN

7,880,000 mN

7,830,000 mN

7,790,000 mN

7,800,000 mN

7,810,000 mN

BWRC 100001

Hyperion SouthJasper Hill

Hyperion

Stoney Ridge

The GrangeBrokenwood

EL9250

EL28333

EL26609

EL26619

EL27125

EL27126

EL27979

EL27812

EL27566

Hyperion SouthJasper Hill

Hyperion

Stoney Ridge

The GrangeBrokenwood

Tanami

Groundrush

Crusade

Ripcord

Montague Duck

Pink Ridge

Tinderbox

Edwina

Douglas

Donald

Thomas

Tregony North

Boco

Limestone Ridge

Dry River

Oracle

Neo

Elias

Trinity

Morpheus

Trucks

Tregony

EL9250

EL28333

EL26609

EL26619

EL27125

EL27126

EL27979

EL27812

EL27566

Drawing: J.Rohde

Date: 11/12/2012

Scale: 1:250000

Office: Perth

5

kilometres

Regional Geology

GR_166_12

Projection: Longitude / Latitude (WGS 84). Paper size A3

10

Author: P. Ding forTanami Gold NL 2007

0 2.5

PLATE 1

(relationships uncertain)

Àtsl -

Contact unkn.

Fault

felsic & mafic gneiss, granite,migmatite & amphibolite

Upper Dead Bullock Formation (Callie Member) - siltstone, Fe-shale, chert

Lower Dead Bullock Formation (Ferdies Member) - Fe-sandstone, siltstone

interbedded coarse sandstone and greywacke

sandstone, greywacke, siltstone (turbidite sequences) chert memberssiltstone dominated beds

interbedded greywacke dominant and siltstone

interbedded greywacke & siltstone - abundant intercalated mafics (high mag)

Upper Stubbins Formation (Bald Hill Sequence)siltstone, basalt & numerous dolerite sills

Lower Stubbins Formation

interbedded greywacke & siltstone - greywacke dominant (low mag)

Century Formation

Wilson Formation

Pargee Sandstoneconglomerate, sandstone, siltstone

Mount Winnecke Formation - rhyolite, dacite, porphyry, volcanics, basalt, sandstone

Nanny Goat Volcanics - ryholite volcanics, basalt ,sandstone

Au -

Arb -

Archaean Basement (undiff)

Billabong Complex (2570Ma)

sandstone, siltstone, basalt - (position uncertain)

Àtsl

Au

Arc

he

an

Arb

Àwn -

Àlg -

Àww -

Àwc -

Àwl -

Àtdh -

Àtdl -

Àtdc -

Àtdf -

Àtsb -

Àtks -

Àtkg -

Àtkc -

Àtk

Àtk

g

Àtk

c

Àtk

s

Àlg

Àc

Àw

w

Àw

n

Àw

c

Àw

l

Àtd

c

Àtd

h

Àt

Àtd

l

Àtt

Àtd

f

Àtsb

Ta

na

mi R

eg

ion

Se

dim

en

tary

Ba

sin

Se

qu

en

ce

s

Pa

lae

o-P

rote

rozo

ic

Lo

we

rM

id-U

pp

er

Antrim Plateau Basalts

Àd

Àdg - Gardiner SandstoneÀdg

Ála -Ála

Se

dim

en

tary

Ba

sin

Se

qu

en

ce

s (C

ove

r)

Neo-Prot

Meso-Prot

Ph

an

ero

zoic

61

3,0

00

mE

61

2,5

00

mE

61

3,5

00

mE

61

4,0

00

mE

61

4,5

00

mE

7,835,500 mN

7,836,000 mN

7,836,500 mN

Hyperion South

Hyperion

Hyperion South

Hyperion

Stoney Ridge

HSRC100006

HSRC100007

HSRC100008

HSRC100009

HYRC100009

HYRC100010

HYRC100011

HYRC100012

HYRC100013

HYRC100014

HYRC100015

HYRC100016

HYRC100017HYRC100018

HYRC100019

HYRC100020

HYRC100021

HYRC100022 HYRC100023

HYRC100024

Author: J. Rohde

Office: Perth

Drawing: J.Rohde

Date: 11/12/2012

Scale: 1:2000 Projection: Longitude / Latitude (WGS 84) Paper Size A0 Landscape

1000 25 50

metres

Drill Hole Location PlanGR-166-12

PLATE 2

Hyperion South

Hyperion

SUPPLEJACK DOWNS

EL27812

EL27566

EL9250

EL27979

Hyperion South

Hyperion

Tanami

Groundrush

Crusade

Ripcord

Edwina

Douglas

Donald

ThomasTregony NorthTregony

Boco

Oracle

NeoElias

Trinity

Morpheus

John Wayne

SUPPLEJACK DOWNS

PICANINNY OUTSTATION

EL27812

EL27566

EL9250

EL27979

EL26609EL26619

EL27125

EL27126

EL28333Hyperion South

Hyperion

EL9250

EL27979

Hyperion South

Hyperion

Groundrush

Ripcord

Montague Duck

Tinderbox

Trucks

The Grange

Limestone Ridge

Jasper Hill

Dry River

Stoney Ridge

TALBOT WELL OUTSTATION

EL9250

EL27979 DH by Date_Completed20112010

TABLESFIGURESOn the 24 November 2011 group status was approved for EL 9250, EL 27566 and EL 27812 to form the Supplejack group with the group reporting ID GR 166/10. The technical reporting period was set to the 15 October of each year.On the 17 October 2012 the addition of the newly granted EL 26609, 26619, 27125, 27126, 27979, and 28333 to the amalgamated annual (technical) reporting was approved.Table 2: GR 166/12 Tenement DetailsTable 3: Aligning Interim Reporting Periods

ActivityTenement ID Km²BlocksTenement NameTenementNo