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Exploration History




                                                                                                  Newcrest completed a follow up gravity survey (survey area of

         1990's   Early Newcrest Exploration                                                      2.0 km x 2.9 km) in 1992 that identified a 0.2 mGal anomaly
                                                                                                  coincident with the previously defined magnetic anomaly.




                                                                                                                   0.7
                                                                                                                           Observed              Newcrest
                                                                                                                   0.6      Fitted           Gravity Modelling
                                                                                                                   0.5      Base Level             1992
                                                                                                                   0.4
                                                                                                                   0.3
                                                                                                                   0.2
                                                                                                                   0.1
                                                                                                                    0

                                                                                                                     8400     9200     10000    10800    11600
                                                                                                                          ~420m depth to
                                                                                                                  -400    gravity source
                                                                                                                                                volume down to
                                                                                                                                                +1000m
                                                                                                                  -800
                                                                                                                  -1200

                                                          HAC9101       0.4
                                                                        0.2
                                                                        0.2
             HAC9201: 28 m at 1.0 g/t Au & 0.22                         0.1                       Drillhole HAC9201 targeted the gravity anomaly and intercepted pyrite-
                                                                        0.0
             % Cu from 420 m including 2.6 m at                        -0.0
                 9.4 g/t Au from 427.5 m                               -0.1                       chalcopyrite associated with gold and copper, including higher gold
                                                                       -0.2
                                                                       -0.3
                                                                       -0.6                       grades (1.1 m at 15.5 g/t Au from 429 m).
                                                                        mGals
                                                                                                  The observed geology led to Havieron being considered a skarn-related
                                                                                                  system.  1


                                                                                      1 Russell, P.J. 1997.  Summary of Exploration 1990 - 1996 Havieron Prospect ML 45/605 (Anketell Project) Telfer District.  Newcrest Mining Ltd. Internal Report No.
                                                                                      ANK30/1195/97.
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