30 June 2009 Quarterly Activities Report

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Suite B, 150 Hay Street, Subiaco, Western Australia 6008 Phone: (618) 9388 8430 Facsimile: (618) 9388 8450 31 July 2009

Company Announcements Platform ASX Limited

Level 6, 20 Bridge Street SYDNEY NSW 2000

30 June 2009 Quarterly Activities Report

Key Highlights:

• Agreement to Purchase Significant Papua New Guinea Gold Explorer, Pacific Niugini Minerals Limited

• Ruighoek Chrome Project Mining Operations Continue

• AMCOL Option Fees Paid

• Registry Management

Pacific Niugini Minerals Limited Acquisition

During the quarter Chrome Corporation Limited (CCI) struck a deal to acquire PNG gold explorer Pacific Niugini Minerals Ltd (PNM). The deal is subject to due diligence (since satisfactorily completed post the end of the quarter) and the approval of Chrome shareholders. The Notice of Meeting has been dispatched to shareholders for a meeting to be held on 31 August.

The deal will transform CCI into a substantial gold company with almost 4,000 km² of highly prospective ground covering significant exploration projects in the Morobe, Western Highlands and Madang Provinces of PNG. These include the Bulolo alluvial gold project, which produced more than 2 million ozs of gold from historic dredging.

Most importantly, PNM is headed by well-regarded local Papua New Guinean identities in the resources and government sectors, Bill Searson, Chairman, and prominent geologist David Osikore, Managing Director. David has extensive exploration experience working for groups such as Bougainville Copper Limited, Placer Dome, Ingold (a subsidiary of INCO) and Renison Goldfields. In recent times, he has been a Senior Geologist with Aurora Gold Limited, the Exploration Manager for Abelle Ltd responsible for their Wafi and Hidden Valley Projects and he was appointed the PNG Exploration Manager for Harmony Gold after their take-over of Abelle Ltd. Both Bill and David have considerable experience in dealing with all levels of PNG business, government, landowner communities and government agencies.

On completion of the transaction, two nominees from PNM, David Osikore and Peter Cook, Chairman of Metals X Ltd and Aragon Resources Ltd and a Director of Westgold Resources Ltd, will be appointed to the Chrome board.

CCI believes that these quality assets in such a prospective location as PNG and the impact of the highly successful explorers joining the CCI board gives CCI’s shareholders a great entry and change of direction into the gold industry.

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Chrome has agreed, subject to securing all the approvals, to issue to PNM shareholders two (2) fully paid Chrome shares for every one (1) PNM share and to PNM option holders one (1) option to acquire a Chrome share at a price of 20 cents, expiring on June 30, 2014, conditional on Chrome acquiring 100% of the shares and options on issue in PNM.

PNM has 17,950,100 shares and an equal number of 5-year 20 cent options on issue.

The deal will see the number of Chrome shares on issue rise from 167.3 million to 203.2 million, an increase of 17.67%. A general meeting of shareholders to approve the transaction will be called as soon as possible.

Chrome believes that these quality assets in such a prospective location as PNG give it a significant opportunity to make an advanced investment in the gold industry.

Assets of Pacific Niugini Minerals Ltd.

PNM’s tenements are located in three provinces of Papua New Guinea. EL1589, EL1614 and EL1616 are located in Morobe Province. EL1613 and EL1615 are located in Western Highlands and Madang provinces. All tenements are situated inland, with elevations ranging from 600m – 2700m above sea level. Topography is mostly extreme, covered by dense tropical rainforests. Rainfall is high (2 - 3m) most part of the year.

Tenements are accessible by road from Lae or by Fokker F100 aircraft to major airports, at Lae, Mt Hagen and Madang. There are government run grass airstrips located near or within tenement areas only accessible by light aircraft.

Access within tenement areas for sampling work is by a combination of 4-wheel drive vehicle, helicopter and via numerous walking tracks. Field exploration programs use a combination of 4-wheel vehicle, helicopter and light aircraft supported programs. PNM operates focused sampling and mapping teams working out of fly camps.

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Papua New Guinea laws recognise the rights of local landowners. PNM has established working relationship with the Mineral Resource Authority (MRA), Provincial Governments, local business entities and key local level government officers and landowner/community leaders.

MOROBE PROVINCE EXPLORATION TITLES

The Morobe Province, and in particular the gold towns of Wau and Bulolo are where PNG’s rich mineral history began in the 1920’s. A gold boom of many small alluvial miners soon gave way to commercial scale dredging, the most significant being the Bulolo Alluvial Field which in the 1930’s was one of the most prolific gold producers in the world.

Famous as the birthplace of Placer Dome, one of the world’s foremost gold miners and the most successful in PNG, the recorded production from alluvial dredging is estimated at 413.7 Million Tonnes at a recovered 0.16g/t Gold for the production of over 2.15 million ounces.

Modern day exploration and mining at Gold Ridges by Renison, the discovery of Hidden Valley and Wafi by CRA and other owners of recent times have rapidly pushed the Morobe Goldfields to prominence. Under a newly formed joint venture between Harmony Gold and Newcrest, the Hidden Valley Gold-Silver Mine is being developed. The nearby Wafi Gold and Golpu Porphyry Copper-Gold deposits are massive and world-class deposits in their own right and are undergoing mine development studies.

Gold and base metal mineralisation occur in a vast spectrum of geological settings in the region. The gold mineralisation is dominantly linked to Pliocene igneous activity confined to northwest and northeast trending structures. In the Wau-Bulolo area gold mineralisation is predominantly confined within the NW and NE trending bounding structures of the Wau Structural Basin. In the Wafi area gold and copper–gold mineralisation is localised within the NE trending Wafi Transfer Structure and subsidiary structures.

PNM has a significant land position within this province with three titles covering 935.76 square kilometres. These are:

EL 1616 – Bulolo (271.2 sq. km)

This tenement covers the vast bulk of gold production from within the Morobe Province which has come from gold dreging of the Bulolo Gravel Flats between 1939 and 1973, although significantly interrupted during World War II.

EL1616 contains the best of the historically productive Bulolo gravel flats. Gold production from these gravel flats totalled 2.15 million ounces from the processing of 413.7 million tonnes of gravel at a recovered grade of 0.16g/t Gold.

A review of dredging operations by Peter Lowenstein (Lowenstein 1980) indicated that the depth of dredging operations terminated on a “false bottom” of a volcanic ash. The same review also indicates that the parts of gravel flat were not dredged and dredging did not on many occasions ever reach full gravel depth. This suggests that the Bulolo gravels extend further beyond the historically dredged depth indicating good potential for further bulk-tonnage alluvial gold resources. In addition, a number of gravel deposits away from main area of dredging operation still remain to be dredged. PNM intends to quantify and qualify the overall potential of these gravels and does consider the potential significant.

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BULOLO TOWN BULOLO TOWN

WAU TOWN WAU TOWN

Hamata Deposit 2.7Mt @3.33g/t Au

Hidden Valley Deposit 18.7Mt @2.91g/t Au

Bulolo Alluvials 418,700,000t

@ 0.16g/Au

Lake Trist Wau Structural Basin

Fault Normal Fault

Gold Deposits Ko

Tpv Tmm

Kom Tpa

Qp

Tpp Eddie Porphry Owen Stanley Methamorphics Morobe Granodiorite Otibanda Formation Owen Stanley Methamorphics Namie Breccia Collivium

U Papuan Ultramafic Belt

ELA 1589 ELA 1589

ELA 1614 ELA 1614 BULOLO TOWN

BULOLO TOWN

@ 0.16g/Au BULOLO TOWN

BULOLO TOWN

@ 0.16g/Au

Lake Trist Wau Structural Basin

Fault Normal Fault

Tpv Tmm

Kom Tpa

Qp

Wau Structural Basin Fault

Normal Fault

Tpv Tmm

Kom Tpa

Qp

ELA 1589 ELA 1589

ELA 1614 ELA 1614

Although the main historic focus within this tenement is alluvial gravel mining for gold, there has been other sporadic exploration works completed within the tenement by Bulolo Development Company, CRAE, and the PNG Geological Surveys for primary ore sources. Target metals of past explorers were mainly gold and copper. The tenements however lack detailed exploration by techniques and analytical standards.

Works completed by PNM have outlined widely spread elevated gold (6.25 g/t Au & 3.12 g/t Au) in creeks draining coincidental magnetic highs, mineralised regional structures, porphyry and granodiorite outcrops bounded by the gold–silver mineralised Wau Graben.

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Reconnaissance works by PNM has returned highly encouraging results Pan Concentrate Results Rock Chip results

PC16160022 – 59.4 g/t Au PC16160015 – 26.9 g/t Au PC16160010 – 22.3 g/t Au PC16160013 – 21.1 g/t Au PC16160011 – 12.9 g/t Au PC16160020 – 11.9 g/t Au

RC16160046(F) – 2.19 g/t Au RC16160005(F) – 1.96 g/t Au RC16160009(F) – 1.55 g/t Au

EL 1589 – Zenag (64.4sq km)

EL1589 is located 65 kilometres southwest of Lae City and 12 kilometres southeast of Wafi/Golpu epithermal gold and porphyry copper-gold deposit.

Local geology is presented as basement rocks of shale, greywacke, siltstone, sandstone, conglomerate, volcanoclastics and limestone of Owen Stanley Metamorphics. These units have undergone intense deformation, later intruded by Miocene Morobe Granodiorite and Pliocene dacitic/andesitic porphyries. The EL is bounded to the north and south by the mineralised Wafi Transfer Structure and Sunshine Fault respectively. Both structures are intruded by granodioritic and porphyritic stocks.

Works completed in EL1589 and surrounding titles owned by others have revealed widespread elevated gold in creeks draining off a magnetic granodiorite/porphyry. Best historical gold results were: 99.3 g/t Au, 14.6 g/t Au & 4.64 g/t Au.

PNM considers EL1589 very prospective for gold and porphyry copper–gold deposits.

Sporadic stream sediment sampling and aeromagnetic survey data by previous companies suggested potential for structurally controlled epithermal gold and large porphyry copper-gold mineralisation systems. A magnetic high at the central western portion of the tenement suggests underlying intrusive magnetic body. This magnetic body was recently mapped and sampled by Harmony Gold immediately west of the

?

Magnetic Anomaly

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EL1589 boundary. Harmony reported best surface trenching results of 15m @ 24 g/t Au and 1.44% Cu.

EL 1614 – Garaina (600.16 sq. km)

EL1614 is in Morobe Province, Papua New Guinea. The tenement is 110km southeast of Lae and 50km southeast of Wau Town.

EL1614 has had limited modern day exploration. Parts of current EL1614 area were investigated for mineral occurrence by Bureau of Mineral Resource (BMR) in the 1950’s.

In the more recent times, Highland Gold Limited explored for nickel and gold in the late 1980s at area to northeast of Garaina Station. Nickel, gold and copper occurrences were reported in the past. PNM believes the area has potential for discovery of gold, copper and nickel laterite deposits.

The tenement area covers a suture zone between the Own Stanley Metamorphic thrust to the west and the obducted Papuan Ultramafic to the east. Most of EL 1614 is underlain by Owen Stanley metamorphic complex.

The area is largely unexplored using modern exploration techniques and therefore will require modern day exploration techniques (airborne geophysics or remote sensing techniques) to quickly develop exploration targets.

Gold occurs in stream sediments at Gerepo (1.0 g/t Au) and at Garaina (52.80 g/t Au).

Gold is believed to be associated to the intrusion of the Miocene granodiorite and Pliocene dacitic/andesitic porphyries, common within the Morobe Goldfields. Nickel,

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cobalt and PGE’s were reported associated with the Papuan Ultramafic east of tenement area. Nickel up to 0.52% was reported from the Lake Trist area. High level porphyry stocks intruding the Ultramafic have potential to host copper and base metals.

MADANG PROVINCE EL 1615 – Gusap

EL1615 is located in Madang Province, covering 2,171 square kilometres of Finisterre Ranges east of Gusap. The Finisterre Ranges runs parallel to the Ramu – Markham Fault Zone. EL1615 is situated 50km southeast of Madang Town and about 150km northwest of Lae.

EL 1615 is underlain by thrusted sequence of deformed, metamorphosed, indurated argillites and volcanics. The sequence is overlain unconformably to the north by Pliocene limestone. Major regional and deeply sheeted structures, trending northwest, dipping east, dominate the structural framework of the Finisterre Ranges. These structures include the Ramu- Markham Fault Zone to the west, the Finisterre Fault and the Nankina Faults in the central and southeast respectively. These faults have had a large impact on the present day geomorphology of the area, which exhibit rugged topography, consisting of knife sharp ridges and mountains to the east and flat lowlands to the west and southwest.

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During the Pliocene period, intrusives of dioritic, granodiorite, microdiorite, gabbro, dolerite and tonalite differentiates intruded the Finisterre, the Nankina Faults and subsidiary faults. These intrusive events resulted in some contact metamorphism and introduction of copper – gold – pyrite mineralisation.

Porphyry style copper and gold mineralisation was reported in rock chip (float & outcrop) from head waters of Gusap, Buru and Lalam Rivers. At the headwaters of Gusap and Buru (approximate location) a massive chalcopyrite float returned 17% copper and 0.40 g/t gold. A gossan outcrop near Wangeto along the Lalam River reported 0.66% copper.

The mineralisation is interpreted to be related to the Pliocene intrusions.

The Finisterre Ranges remain largely under explored since the early 1980’s. The copper- gold mineralisation although known for some time did not attract further investigation largely because most Companies had a view the Finisterre Ranges were geologically less prospective based on the documented geology.

Large porphyry, epithermal gold and nickel deposit were discovered at Yandera (Marengo) Kainantu (Barrick) and Ramu (MMC) about 20km, 95km and 90km to the southwest, and west respectively of EL1615. It is possible the same mineralised magmatic fluids responsible for introduction gold, copper and nickel in the above deposits may have introduced copper-gold mineralisation in the Finisterre Ranges.

PNM considers the area to have excellent potential for discovery of economic porphyry copper – gold and skarn deposit.

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0.66% copper in outcrop

Magnetic body

WESTERN HIGHLANDS PROVINCE EL 1613 – Mt Hagen

EL1613 is located near Mt Hagen City in the Western Highlands Province, Papua New Guinea. Mt Hagen city is Papua New Guineas, third largest city. An excellent road network exists with infrastructures and others services easily accessible from Mt Hagen.

The EL covers prospective areas of the northwest-southeast striking mineralised Bismarck Fault Zone corridor which hosts numerous copper gold and other base-metal occurrences including the copper molybdenum Yandera deposit (127MT @0.7% copper) which is being progressed to Prefeasibility Study.

Basement rocks consist of Cretaceous to Upper Jurassic volcanic and metasediments. The metasediments complex consists of greywacke, sandstones, siltstones, volcanoclastics and shale. These uncomformably overlay the Kubor granodiorite. The volcanic comprises basic to intermediate agglomerates, volcanic breccia, tuff, basic lava and volcanoclastics.

The Kubor granodiorite and metasediments are both intruded by Miocene granodiorite and by Pliocene diorites, dolerites, gabbro and microdiorites.

Gold, copper and molybdenum mineralisation is associated with diorite and dacite emplacement along the Bismarck Fault and Bundi Zone Complex.

The Bismarck- Bundi Fault Zone is a major tectonic Fault Zone trending northwest - southeast. This Fault Zone is up to 43km wide and has a strike length of 200km. The fault is integral part of the New Guinea Mobile Belt (NMB) development, characterised by NW trending anastomosing faults.

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The Bismarck and Bundi Fault Zone corridor towards the northern and north-eastern margin of the EL 1613 , hosts widespread occurrences of copper and molybdenum mineralisation with zinc and gold associations, coincidental to diorites. There has been exploration in the past and PNM continues to compile historical data. The Yandera copper molybdenum (127MT Cu equiv.) and Simbai gold deposits are located on the Bismarck and the Bundi Fault Zones. Kuta epithermal gold and base metal prospect is located immediately south of ELA1613.

PNM believes the area is highly prospective for structurally controlled copper and gold deposits associated with intrusion of diorites into pre-existing faults of the extensively mineralised Bismarck Fault Zone which includes porphyry copper – gold and epithermal gold mineralisation are at Yandera, Bundi and Kuta deposits.

Ruighoek Chrome Project – South Africa (CCI 47%)

As has been announced previously, CCI sold 53% of its interest in the Ruighoek Chrome Project in South Africa to AMCOL International Corporation (“AMCOL”). The remaining 47% interest held by Chrome is subject to a Put and Call Option arrangement with AMCOL which has a term of 24 months from the first-stage settlement in February 2009.

AMCOL has the right to exercise the Call to purchase CCI’s remaining 47% shareholding in the project at any time within the 24-month period. A monthly option fee of US$75,000 is payable by AMCOL to CCI for the first 12 months, increasing to US$150,000 a month in the second 12 months.

Should AMCOL not exercise its Call within the 24-month period, Chrome has the right to Put its remaining shares in the project to AMCOL for US$12.4m within 60 days after the expiry of the 24-month term. A fee of US$300,000 is payable by Chrome if it exercises this Put. There is no obligation for AMCOL to exercise the Call before the expiry of the 24-month term of the Option arrangement. This may mean that Chrome will not receive final settlement until at least April 2011.

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Operations

Volclay South Africa (Pty) Ltd, a company jointly owned by AMCOL and their South African partner, Niemcor Africa (Pty) Ltd, continued open cut mining operations on the LG6 and LG6A chrome seams using Benhaus, a local chrome mining contracting specialist. During this period a further 46,000 tonnes of chrome ore was mined.

Corporate

Unmarketable Parcel Sale

Post the end of the quarter on 17 July, the notification period for the previously announced Unmarketable Parcel Sale closed. The Unmarketable Parcel Sale process has been conducted to allow the Company to reduce the costs of administration associated with the large number of shareholders with small holdings. A total of 1,103 shareholders holding unmarketable parcels of shares totalling 982,454 shares will participate in the process. Those shares will be sold on market and the proceeds distributed once all the shares have been sold. All costs associated with the disposal of these shares will be borne by the Company.

Given the proposed acquisition of PNM as announced to the market on 18 June 2009, CCI has elected not to proceed with the previously contemplated On-Market Share Buy-Back (SBB). CCI believes the future exploration activities will result in a better use of funds for the benefit of all shareholders rather than a SBB.

Yours faithfully

Brian Thomas Managing Director Chrome Corporation Ltd

For further information please contact Tel : (08) 9388 8430

Fax : (08) 9388 8450 Web : www.chromecorp.com

E-mail : [email protected]

The information in this report that relates to the Exploration Results for Pacific Niugini Minerals Ltd is based upon information compiled by Mr Peter Cook (BSc(Applied Geology)), MSc Min Econ, M.AusIMM.. Mr Cook is a consultant to Pacific Niugini Minerals (PNG) Limited. and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to duly qualify as a Competent Person as defined in the 2004 Edition of Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Cook consents to the inclusion in the report of the matters based upon their information in the form and context to which it appears.

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Appendix 5B Mining exploration entity quarterly report

+ See chapter 19 for defined terms.

Appendix 5B Page 1 Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

CHROME CORPORATION LIMITED

ABN Quarter ended (“current quarter”)

30 003 207 467 30 June 2009

Consolidated statement of cash flows

Cash flows related to operating activities Current quarter

$A’000 Year to date

$A’000 (12 months) 1.1 Receipts from product sales and related

debtors 298 404

1.2 Payments for

(a) exploration and evaluation (b) development

(c) production (d) administration

(172) - - (757)

(172) (132) - (2,610)

1.3 Dividends received - -

1.4 Interest and other items of a similar nature

received 65 118

1.5 Interest and other costs of finance paid - -

1.6 Income taxes paid - -

1.7 Other – Other income

- Transactions costs of Ruighoek Sale - Withholding tax on sale

- (58) -

53 (3,744) (1,438)

Net Operating Cash Flows (624) (7,521)

Cash flows related to investing activities

1.8 Payment for purchases of:

(a)prospects

(b)equity investments (c) other fixed assets

- (250) (3)

- (528) (3) 1.9 Proceeds from sale of:

(a)prospects

(b)equity investments (c)other fixed assets

- - -

21,539 - -

1.10 Loans to other entities (2,650) (3,463)

1.11 Loans repaid by other entities 600 600

1.12 Other

– Cash outflow on disposal of subsidiary -

- (1)

(448)

Net investing cash flows (2,303) 17,696

1.13 Total operating and investing cash flows

(carried forward) (2,927) 10,175

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Appendix 5B

Mining exploration entity quarterly report

Appendix 5B Page 2 30/9/2001

1.13 Total operating and investing cash

flows (brought forward) (2,927) 10,175

Cash flows related to financing activities

1.14 Proceeds from issues of shares,

options, etc. - 1,518

1.15 Convertible Note Expenses - -

1.16 Proceeds from borrowings - 107

1.17 Repayment of borrowings (225) (9,456)

1.18 Proceeds from Convertible Note - -

1.19 Costs associated with issue of shares - (28)

Net financing cash flows (225) (7,859)

Net increase (decrease) in cash

held (3,152) 2,316

1.20 Cash at beginning of quarter/year to

date 6,226 758

1.21 Exchange rate adjustments to item

1.20 - -

1.22 Cash at end of quarter 3,074 3,074

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

Current quarter

$A'000 1.23 Aggregate amount of payments to the parties included in

item 1.2 and 1.7 592

1.24 Aggregate amount of loans to the parties included in item

1.10 -

1.25 Explanation necessary for an understanding of the transactions Payments of Consultancy fees to Director 43 Payments of Directors Fees and Superannuation 549

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

Nil

2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Nil

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Appendix 5B Mining exploration entity quarterly report

Appendix 5B Page 3

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available

$A’000 Amount used

$A’000

3.1 Loan facilities - -

3.2 Credit standbyarrangements - -

Estimated cash outflows for next quarter

$A’000 4.1 Exploration and evaluation

75 4.2 Development

Total 75

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.

Current quarter

$A’000 Previous quarter

$A’000

5.1 Cash on hand and at bank 3,047 6,226

5.2 Deposits at call - -

5.3 Bank overdraft - -

5.4 Other – In Trust 27 -

Total: cash at end of quarter (item

1.22) 3,074 6,226

Changes in interests in mining tenements

Tenement

reference Nature of interest

(note (2)) Interest at beginning of quarter

Interest at end of quarter 6.1 Interests in mining

tenements

relinquished, reduced or lapsed

Nil

6.2 Interests in mining tenements acquired or increased

Nil

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Appendix 5B

Mining exploration entity quarterly report

Appendix 5B Page 4 30/9/2001

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

Total number Number

quoted Issue price per security (see note 3) (cents)

Amount paid up per security (see note 3) (cents) 7.1 Preference

+securities (description) 7.2 Changes

during quarter (a) Increases

through issues

(b) Decreases through

returns of capital, buy- backs, redemptions

Nil Nil

7.3 ⁺Ordinary securities

167,284,722 167,284,722 7.4 Changes

during quarter (a) Increases

through issues

(b) Decreases through

returns of capital, buy- backs

7.5 ⁺Convertible debt

securities (description)

Nil

7.6 Changes during quarter (a) Increases through issues (b) Decreases through

securities matured, converted 7.7 Options

82,106,789

1,900,001 82,106,789 Exercise Price 40 cents 30 cents

Expiry Date 30/09/2009 30/09/2011 7.8 Issued during

quarter 7.9 Exercised

during quarter 7.10 Expired during

quarter

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Appendix 5B Mining exploration entity quarterly report

Appendix 5B Page 5 7.11 Debentures

(totals only) Nil Nil

7.12 Unsecured notes (totals only)

Nil Nil

Compliance statement

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other

standards acceptable to ASX (see note 4).

2 This statement does give a true and fair view of the matters disclosed.

Sign here: Date: 31 July 2009

Managing Director Print Name: Brian Thomas

Notes

1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities

.

4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive

Industries and AASB 1026: Statement of Cash Flows apply to this report.

5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

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