Harts Range Spinifex Bore Garnet Project Annual technical group report for the period 16 October 2014 to 15 October 2015

Abstract

A garnet resource has been identified and estimated to contain 23.1Mt of sand containing 1.2Mt of garnet in the measured category and 44.5Mt of sand containing 2.65Mt garnet in the Inferred category. The tenements also contain a bore field which can supply process water at a rate of 1,210 m3 per day (14L per second). These are the keystones for project development. In March-April 2015 clearance for six holes was obtained. Of these five were drilled in sites chosen on the basis of the depth to basin and expected aquifer thickness. There is little correlation between aquifer thickness and depth to bedrock.