Resource Report (PDF 4.63 MB) - Verde Potash Plc

Cerrado Verde Potash Project, Brazil
Technical Report
Prepared by Coffey Mining Pty Ltd on behalf of:
Amazon Mining Holding Plc
Effective Date: 1 March 2010
Qualified Person:
Bernardo Viana,BSc (Geol), MAIG
Beau Nicholls BSc (Geol), MAIG

DOCUMENT INFORMATION
Author(s): Beau Nicholls Exploration Geologist
Cerrado Verde Potash Project, Brazil – 360908
Technical Report – 1 March 2010
Bernardo Viana Resource Geologist
Porfírio Cabaleiro
Rodriguez
Date: 1 March 2010
Project Number: 360908
Version / Status: v.01 /
Mining Engineer
Coffey Mining Pty Ltd
BSc (Geo) MAIG
B Sc (Geol), MAIG
B Sc (Eng), MAIG
Path & File Name: S:\BK-GE\Projetos-GCS\Amazon Mining\360908_Cerrado Verde Potash_Scoping Study_Nov2009\Report Preparation
Print Date: 16 April 2010
Copies: Amazon Mining Holding Plc (2)
Document Change Control
Coffey Mining – Brazil (1)
Version Description (section(s) amended) Author(s) Date
Document Review and Sign Off
Primary Author
Bernardo Viana
Supervising Principal
Porfirio Cabaleiro Rodriguez

Table of Contents
Cerrado Verde Potash Project, Brazil – 360908
Technical Report – 1 March 2010
Coffey Mining Pty Ltd
1 Summary .......................................................................................................................................5
2 Introduction ..................................................................................................................................7
2.1 Scope of Work ...................................................................................................................7
2.2 Qualifications and Experience ...........................................................................................7
2.3 Independence ....................................................................................................................8
2.4 Principal Sources of Information .......................................................................................8
2.5 Abbreviations .....................................................................................................................9
3 Reliance on Other Experts ....................................................................................................... 10
4 Property Description and Location ......................................................................................... 11
4.1 Project Location .............................................................................................................. 11
4.2 Tenement Status ............................................................................................................ 12
4.3 Permits ........................................................................................................................... 13
4.4 Royalties and Agreements ............................................................................................. 14
4.5 Environmental Liabilities ................................................................................................. 14
5 Accessibility, Climate, Local Resources, Infrastructure and Physiography ...................... 15
5.1 Project Access ................................................................................................................ 15
5.2 Physiography and Climate ............................................................................................. 15
5.3 Local Infrastructure and Services ................................................................................... 15
6 History ........................................................................................................................................ 16
6.1 Exploration History ......................................................................................................... 16
6.2 Resource History ............................................................................................................ 16
6.3 Mining History ................................................................................................................. 16
7 Geological Setting ..................................................................................................................... 17
7.1 Regional Setting ............................................................................................................. 17
7.2 Project Geology .............................................................................................................. 19
8 Deposit Types ............................................................................................................................ 21
9 Mineralization ............................................................................................................................ 22
10 Exploration ................................................................................................................................. 23
11 Drilling ........................................................................................................................................ 25
11.1 Introduction ..................................................................................................................... 25
12 Sampling Method and Approach ............................................................................................. 27
12.1 Reverse Circulation (RC) Sampling ............................................................................... 27
12.2 Logging ........................................................................................................................... 27
12.3 Bulk Density .................................................................................................................... 27

Cerrado Verde Potash Project, Brazil – 360908
Technical Report – 1 March 2010
Coffey Mining Pty Ltd
13 Sample Preparation, Analyses and Security .......................................................................... 28
13.1 Sample Security ............................................................................................................. 28
13.2 Sample Preparation and Analysis .................................................................................. 28
13.3 Adequacy of Procedures ................................................................................................ 28
14 Data Verification ........................................................................................................................ 29
14.1 Introduction ..................................................................................................................... 29
14.2 Bureau Veritas Standards .............................................................................................. 29
14.3 Bureau Veritas Pulp Duplicates ...................................................................................... 29
14.4 Adequacy of Procedures ................................................................................................ 31
15 Adjacent Properties .................................................................................................................. 32
16 Mineral Processing and Metallurgical Testing ....................................................................... 33
17 Mineral Resource and Mineral Reserve Estimates ................................................................ 34
17.1 Introduction ..................................................................................................................... 34
17.2 Geological Modeling ....................................................................................................... 34
17.3 Block Model Development .............................................................................................. 37
17.4 Statistical Analysis .......................................................................................................... 37
17.5 Variography .................................................................................................................... 41
17.5.1 Introduction ............................................................................................................ 41
17.6 Grade Estimation ............................................................................................................ 43
17.7 Resource Reporting........................................................................................................ 46
17.7.1 Validation ............................................................................................................... 49
18 Other Relevant Data and Information ...................................................................................... 51
19 Interpretation and Conclusions ............................................................................................... 52
20 Recommendations .................................................................................................................... 52
20.1 Budget and Schedule ..................................................................................................... 52
21 References ................................................................................................................................. 53
22 Date and Signature Page .......................................................................................................... 54
23 Certificates of Authors .............................................................................................................. 55
List of Tables
Table 1 – Grade Tonnage Report 5
Table 2.5_1 – List of Abbreviations 9
Table 4.2_1 – Cerrado Verde Potash Project – Tenement Schedule 13
Table 11.1_1 – Summary Drilling Statistics 25
Table 17.3_1 – Block Model Summary 37
Table 17.4_1 – Summary Statistics – 2m Composites 38

Cerrado Verde Potash Project, Brazil – 360908
Technical Report – 1 March 2010
Coffey Mining Pty Ltd
Table 17.5.2_1– High Grade and Low Grade Mineralized Domain Variogram Models 42
Table 17.7_1 – Confidence Levels of Key Categorisation Criteria 46
Table 17.7_2 – Grade Tonnage Report 46
List of Figures
Figure 4.1_1 – Location Plan Cerrado Verde Potash Project 11
Figure 7.1_1 – Cerrado Verde Potash Project – Regional Setting 18
Figure 7.2_1 – Cerrado Verde Potash Project – Project Geology 20
Figure 9_1 – Cerrado Verde Potash Project – Portable XRF analysis 22
Figure 10_1 – Tenements drilled by Amazon 23
Figure 10_2 – Drillhole Location Plan 24
Figure 11.1_1 – RC Drill Rig 25
Figure 14.3_1 – Field Duplicates - All sample data 29
Figure 17.2_1 – Vertical Sections Location 34
Figure 17.2_2– Cross Section (Section 4) 35
Figure 17.2_4– Low Grade Domain – 3D 35
Figure 17.2_5– High Grade Domain in 3 Dimensions 36
Figure 17.4_1 – Sample Length Distribution 37
Figure 17.4_2 – Basic statistics – 2m composite Low Grade K2O 39
Figure 17.4_3 – Basic statistics – 2m composite Low Grade K2O 40
Figure 17.6_1 – K2O % estimation steps – Plan View 45
Figure 17.7_1 – Block Model Domains Low Grade and High Grade 47
Figure 17.7_2 – Grade Tonnage Curve – Domain High Grade - Inferred Resource. 48
Figure 17.7_3 – Grade Tonnage Curve – Domain Low Grade - Inferred Resource. 48
Figure 17.7.1_1 – Comparative Statistics – High Grade Domain. 49
Figure 17.7.1_2 – Comparative Statistics – Low Grade Domain. 50
List of Appendices
Appendix A – Drill hole graphical logs

1 SUMMARY
Coffey Mining Pty Ltd
Coffey Mining Pty Ltd (Coffey Mining) has been commissioned by Amazon Mining Holding Plc (Amazon
Mining) to complete a resource estimate for the Cerrado Verde Potash Project in Brazil.
This report is prepared to comply with reporting requirements set forth in the Canadian National
Instrument 43-101 (NI 43-101).
The Cerrado Verde Potash Project is located in the Alto Paranaíba region of Minas Gerais State, Brazil.
The Patos de Minas village can be reached by vehicle from Belo Horizonte in 3 hours (300km), via a
good quality sealed road. From Patos de Minas village the project is accessed via a number of
secondary gravel roads that connect the farming region. The local vegetation shows relicts of the
primitive savanna (“cerrado”) amid the extensive farming area which includes soya and coffee, and
industrial forests of eucalyptus and pine trees.
The Cerrado Verde Potash Project comprises 96 tenements, covering an aggregate area of 1,468km2.
25 of them (total area of 331Km2) are currently available into the DNPM (Brazilian National Mining
Department) but were requested by FVS Mineração Ltda.. The others 71 tenements (total area of
1,137Km2) are owned 100% by FVS Mineração Ltda., that is a subsidiary of Amazon Mining and no
associated royalties and agreements are in place.
The Verdete Slate is located on top of the Serra da Saudade Formation and underlies the Areado
sandstones. Its apparent thickness varies from approximately 20m in the southernmost domain to over
50m in the northern half of the Serra da Saudade. The units are oriented along a north south to north
northeast direction and are continuously exposed for over 120km within the Amazon Mining permits.
The Potash mineralization is associated with the Glauconite mineral which gives the Verdete Slate its
distinctive green colour. Grab samples along the entire strike length range from 5% to 12% K2O. The
potential tonnage is therefore very large.
A Reverse Circulation (RC) drilling program comprising 19 holes for a total of 997m was undertaken in
early 2010 by Amazon Mining and has targeted only a select portion of the regional Verdete Slate within
the Amazon tenements. All holes were successful in intersecting the Verdete Slate.
Coffey Mining has estimated the Preliminary Mineral Resource for the Cerrado Verde Potash Project as
at 27 February 2010. All grade estimations were completed using Ordinary Kriging (‘OK’) for Potash.
This estimation approach was considered appropriate based on review of a number of factors, including
the quantity and spacing of available data, the interpreted controls on mineralization, and the style of
mineralization. The estimation was constrained with mineralization interpretations.
A total inferred resource of 160M t at 8.75% K2O has been determined (No cut-off applied) as shown in
the table below.
Cerrado Verde Potash Project, Brazil – 360908 Page: 5

Table 1
Cerrado Verde Deposit –27 February 2010
Inferred Grade Tonnage Report
Ordinary Kriging Estimate
100mE x 100mN x 5mRL Selective Mining Unit
Domain Cut-Off Grade (% K2O) Million Tonnes Average Grade (% K2O)
Low Grade
High Grade
Total Low Grade + High
Grade
0 67.82 6.22
3 67.82 6.22
4 67.45 6.23
5 55.85 6.41
6 33.19 7.27
7 20.24 7.78
8 6.49 8.52
9 1.01 9.43
0 92.74 10.61
7 92.74 10.61
8 92.20 10.63
9 86.55 10.76
10 64.39 11.17
11 35.71 11.61
12 8.24 12.33
0 160.56 8.75
Coffey Mining Pty Ltd
Coffey Mining considers the Amazon Mining permits have demonstrated the potential to host a very
large tonnage of the glauconitic Verdete Slate unit, as demonstrated by the preliminary resource drilling
program and regional mapping and grab sampling.
Coffey Mining recommends that a preliminary economic assessment (PEA) be undertaken on the
Cerrado Verde Project prior to undertaking any additional resource definition.
Cerrado Verde Potash Project, Brazil – 360908 Page: 6

2 INTRODUCTION
2.1 Scope of Work
Coffey Mining Pty Ltd
Coffey Mining Pty Ltd (Coffey Mining) has been commissioned by Amazon Mining Holding Plc
(Amazon Mining) to complete a Resource Estimate for the Cerrado Verde Potash Project in
Brazil.
The Cerrado Verde Potash Project is located 300km from Belo Horizonte city, in Minas Gerais
State, Brazil.
This report is prepared to comply with reporting requirements set forth in the Canadian
National Instrument 43-101 (NI 43-101).
2.2 Qualifications and Experience
Coffey Mining is an international mining consulting firm specializing in the areas of geology,
mining and geotechnical engineering, metallurgy, hydrogeology, hydrology, tailings disposal,
environmental science and social and physical infrastructure.
The “qualified persons” (as defined in NI 43-101) for the purpose of this report are Mr.
Bernardo Viana and Mr. Beau Nicholls.
Mr. Viana is a professional resource geologist with 8 years experience in resource and mining
geology. Mr. Viana is a member of the Australian Institute of Geoscientists (MAIG) and has
the appropriate relevant qualifications, experience and independence as defined in the
Canadian National Instrument 43-101. Mr. Viana has not visited the Cerrado Verde Potash
Project.
Mr. Nicholls is a professional geologist with 15 years experience in exploration and mining
geology. He is an associate consultant for Coffey Mining. Mr. Nicholls is also a Member of
the Australian Institute of Geosciences (MAIG) and has the appropriate relevant qualifications,
experience and independence as defined in the Canadian National Instrument 43-101. Mr
Nicholls visited the Cerrado Verde Potash Project between 10 th and 11 th July 2009.
Cerrado Verde Potash Project, Brazil – 360908 Page: 7

2.3 Independence
Coffey Mining Pty Ltd
Neither Coffey Mining, nor the authors of this report, have or have had previously any material
interest in Amazon Mining or related entities or interests. Our relationship with Amazon
Mining is solely one of professional association between client and independent consultant.
This report is prepared in return for fees based upon agreed commercial rates and the
payment of these fees is in no way contingent on the results of this report.
2.4 Principal Sources of Information
In addition to site visits undertaken to the Cerrado Verde Potash Project, the authors of this
report have relied extensively on information provided by Amazon Mining, extensive
discussion with Amazon Mining, and studies completed by other internationally recognised
independent consulting and engineering groups. A full listing of the principal sources of
information is included in Section 21 of this report and a summary is provided below:
Persio Mandetta 2009 – Planejamento de Sondagem Exploratória.
Luis A.M Da Costa et al, Sept 2008 – Potential of Potassium-Bearing Rock of the Cedro
do Abaeté Region, State of Minas Gerais, Brazil.
Coffey Mining has made all reasonable enquiries to establish the completeness and
authenticity of the information provided and identified, and a final draft of this report was
provided to Amazon Mining along with a written request to identify any material errors or
omissions prior to lodgement.
Cerrado Verde Potash Project, Brazil – 360908 Page: 8

2.5 Abbreviations
A full listing of abbreviations used in this report is provided in Table 2.5_1 below.
Table 2.5_1
Cerrado Verde Potash Project
List of Abbreviations
Description Description
Coffey Mining Pty Ltd
$ United States of America dollars l/hr/m 2 litres per hour per square metre
µ microns M Million
3D three dimensional M Metres
AAS atomic absorption spectrometer Ma thousand years
Au Gold MIK Multiple Indicator Kriging
bcm bank cubic metres Ml Millilitre
CC correlation coefficient Mm Millimetres
cfm cubic feet per minute MMI mobile metal ion
CIC carbon in column Moz million ounces
CIL carbon-in-leach Mtpa million tonnes per annum
cm centimetre N (Y) Northing
cusum cumulative sum of the deviations NaCN sodium cyanide
CV coefficient of variation NATA National Association of Testing Authorities
DDH diamond drillhole NPV net present value
DTM digital terrain model NQ2 size of diamond drill rod/bit/core
E (X) easting ºC degrees centigrade
EDM electronic distance measuring OK Ordinary Kriging
EV expected value Oz troy ounce
g gram P80 -75µ 80% passing 75 microns
g/m 3 grams per cubic metre PAL pulverise and leach
g/t grams per tonne Ppb parts per billion
HARD half the absolute relative difference Ppm parts per million
HDPE high density poly ethylene Psi pounds per square inch
HQ2 size of diamond drill rod/bit/core PVC poly vinyl chloride
hr hours QC quality control
HRD half relative difference Q-Q quantile-quantile
ICP-MS inductivity coupled plasma mass spectroscopy RAB rotary air blast
ID Inverse Distance weighting RC reverse circulation
ID 2 Inverse Distance Squared RL (Z) reduced level
IPS integrated pressure stripping ROM run of mine
IRR internal rate of return RQD rock quality designation
ISO International Standards Organisation SD standard deviation
ITS Inchcape Testing Services SGS Société Générale de Surveillance
kg kilogram SMU simulated mining unit
K2O potash T tonnes
km kilometres t/m 3 tonnes per cubic metre
km 2 square kilometres
Cerrado Verde Potash Project, Brazil – 360908 Page: 9

3 RELIANCE ON OTHER EXPERTS
Coffey Mining Pty Ltd
Neither Coffey Mining nor the authors of this report are qualified to provide comment on legal
issues associated with the Cerrado Verde Potash Project included in Section 4 of this report.
Assessment of these aspects has relied on information provided by Amazon Mining and has
not been independently verified by Coffey Mining.
Similarly, the authors of this report are not qualified to provide extensive comment on
hydrological and environmental issues associated with the properties referred to in this report.
Assessment of these aspects has relied heavily on information provided by Amazon Mining
and its consultants, along with reports previously prepared by other independent consultants.
Cerrado Verde Potash Project, Brazil – 360908 Page: 10

4 PROPERTY DESCRIPTION AND LOCATION
4.1 Project Location
Coffey Mining Pty Ltd
The Cerrado Verde Potash Project is located in the Alto Paranaíba region of Minas Gerais
State, Brazil (Figure 4.1_1).
Figure 4.1_1
Location Plan of Cerrado Verde Potash Project
The boundaries of the concessions have not been surveyed as this is not a requirement of
Brazil’s mining code. The tenement boundaries are defined by UTM coordinates with the
datum of SAD69 (Centred around coordinates 394,525 East and 7,856,531 North).
Cerrado Verde Potash Project, Brazil – 360908 Page: 11

4.2 Tenement Status
Coffey Mining Pty Ltd
The Cerrado Verde Potash Project comprises 96 tenements, covering an aggregate area of
1,468km 2 as shown in Table 4.2_1 and Figure 4.1_1.
Concession
Number
Table 4.2_1
Cerrado Verde Potash Project
Tenement Schedule
Year Type Holder
831005 2009 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 1893.72
831006 2009 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 1222.4
831007 2009 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 237.36
831008 2009 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 244.98
833248 2008 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 1849.51
833249 2008 DISPONIBILIDADE FVS Mineração Ltda 1377.85
833250 2008 DISPONIBILIDADE FVS Mineração Ltda 1715.95
833251 2008 DISPONIBILIDADE FVS Mineração Ltda 1108.25
833252 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1993.71
833253 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1716.04
833254 2008 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 1232.36
833254 2008 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 18.98
833255 2008 DISPONIBILIDADE FVS Mineração Ltda 1915.38
833256 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1994.32
833257 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1993.84
833258 2008 DISPONIBILIDADE FVS Mineração Ltda 1994.34
833259 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1476.58
833260 2008 DISPONIBILIDADE FVS Mineração Ltda 1872.1
833261 2008 DISPONIBILIDADE FVS Mineração Ltda 1994.38
833262 2008 DISPONIBILIDADE FVS Mineração Ltda 1993.58
833263 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1844.23
833264 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1511.58
833265 2008 DISPONIBILIDADE FVS Mineração Ltda 1.53
833265 2008 DISPONIBILIDADE FVS Mineração Ltda 1390.29
833266 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1230.03
833267 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1663.21
833268 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 966.82
833269 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1771.42
833270 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1991.78
833271 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1524.17
833272 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1587.61
833273 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1994.32
833274 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1994.84
833275 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1994.06
833276 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1334.71
833277 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1992.24
833278 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1993.88
833279 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1952.53
833280 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1742.04
833281 2008 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 164.86
833281 2008 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 1384.4
833282 2008 DISPONIBILIDADE FVS Mineração Ltda 1047.73
833283 2008 DISPONIBILIDADE FVS Mineração Ltda 812.85
833284 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1468.97
833285 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1993.69
833286 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1943.82
833287 2008 DISPONIBILIDADE FVS Mineração Ltda 1773.51
833287 2008 DISPONIBILIDADE FVS Mineração Ltda 7.38
833288 2008 DISPONIBILIDADE FVS Mineração Ltda 1989.29
833289 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1928.55
833290 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1678.42
833291 2008 DISPONIBILIDADE FVS Mineração Ltda 977.78
833292 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1935.96
Cerrado Verde Potash Project, Brazil – 360908 Page: 12
Area
(ha)

Concession
Number
Year Type Holder
Coffey Mining Pty Ltd
833293 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1793.65
833294 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1492.78
833295 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1571.46
833296 2008 DISPONIBILIDADE FVS Mineração Ltda 1778.26
833297 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1985.37
833305 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1555.92
833306 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1712.36
833307 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1993.77
833308 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1990.91
833309 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1559.42
833310 2008 DISPONIBILIDADE FVS Mineração Ltda 1813.67
833310 2008 DISPONIBILIDADE FVS Mineração Ltda 4.78
833311 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1993.88
833312 2008 DISPONIBILIDADE FVS Mineração Ltda 1676.1
833312 2008 DISPONIBILIDADE FVS Mineração Ltda 1.54
833312 2008 DISPONIBILIDADE FVS Mineração Ltda 11.92
833313 2008 DISPONIBILIDADE FVS Mineração Ltda 1994.34
833314 2008 DISPONIBILIDADE FVS Mineração Ltda 1853.7
833315 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1992.07
833316 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1994.21
833317 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1551.02
833318 2008 DISPONIBILIDADE FVS Mineração Ltda 1994.16
833319 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1993.72
833320 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1886.15
833321 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1138.08
833322 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1992.7
833323 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1536.42
833324 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1932.31
833325 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1916.57
833326 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1920.21
833327 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1916.57
833328 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1790.21
833329 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 41.07
833330 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1464.51
833331 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1366.49
833332 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1854.81
833333 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1501.36
833334 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1914.94
833335 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1575.41
833336 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1662.51
833647 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1907.6
833648 2008 AUTORIZAÇÃO DE PESQUISA FVS Mineração Ltda 1784.49
833935 2008 REQUERIMENTO DE PESQUISA FVS Mineração Ltda 34.98
Note 1
4.3 Permits
Cerrado Verde Potash Project, Brazil – 360908 Page: 13
Area
(ha)
Total 146,880.5
No extinction provision applies to Mining Concessions under Brazilvian legislation, as long as its titleholder complies with the
administrative obligations established by law in order to maintain its validity.
Amazon has acquired all the appropriate land owner and environmental permits to undertake
the drilling in permits 833,306/2008 and 833,280/2008.
No additional permits are required at the current stage of exploration

4.4 Royalties and Agreements
Coffey Mining Pty Ltd
The tenements are owned 100% by FVS Mineração Ltda., that is a subsidiary of Amazon
Mining and no associated royalties and agreements are in place.
4.5 Environmental Liabilities
Coffey Mining is not aware of any environmental liabilities associated with the project.
Cerrado Verde Potash Project, Brazil – 360908 Page: 14

Coffey Mining Pty Ltd
5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE
AND PHYSIOGRAPHY
5.1 Project Access
Patos de Minas village can be reached by vehicle from Belo Horizonte in 3 hours, via a good
quality sealed road (BR-262). From Patos de Minas village the project is accessed via a
number of secondary gravel roads that connect the farming region.
5.2 Physiography and Climate
Annual rainfall in the area averages between 1,300mm and 1,800mm, 84% of which falls
during the rainy season between October and March. December and January present the
most intense precipitation. The annual average temperature is slightly above 20ºC.
The local vegetation shows relicts of the primitive savanna (“cerrado”) amid the farming area
which includes soya and coffee, and industrial forests of eucalyptus and pine trees. The farms
are mainly confined to the fertile soil of the Mata da Corda Formation that underlines the flat
tops of the mountain range with altitude levels between 1,000m to 2,000m.
5.3 Local Infrastructure and Services
Belo Horizonte is the capital and also the largest city in the state, with a population in excess
of four (4) million. It is the major centre for the Brazilian mining industry. A large commercial
airport with domestic and international flights services Belo Horizonte, which hosts several
state and federal government agencies and private businesses that provide services to the
mining industry. Skilled labour is readily available in Belo Horizonte and the local village of
Patos de Minas.
Cerrado Verde Potash Project, Brazil – 360908 Page: 15

6 HISTORY
6.1 Exploration History
Coffey Mining Pty Ltd
The Verdete Slate has been known as a potential Potash resource since the 1960’s
although only regional mapping has been undertaken in the permits held by Amazon
Mining.
6.2 Resource History
No historical resource estimates have been released.
6.3 Mining History
No historical mining of the Verdete slate has been undertaken.
Cerrado Verde Potash Project, Brazil – 360908 Page: 16

7 GEOLOGICAL SETTING
7.1 Regional Setting
Coffey Mining Pty Ltd
The regional geology is mainly underlain by Neoproterozoic and Cretaceous rock units,
which are partly covered by Cenozoic sandstones, lateritic sediments and soils. The
oldest rocks, occurring in the southwestern portion of the region, are represented by
calcoschists and diamictites of the Ibiá Formation (Araxá Group) surrounded by the
Canastra Group (quartzites, phyllites and micaschists).
The sequence is followed by the Bambui Group, which comprises the marine deposits of
the Paraopeba Formation, the Santa Helena Formation and the Serra da Saudade
Formation, which is the host to the Verdete Slate unit.
Cerrado Verde Potash Project, Brazil – 360908 Page: 17

Figure 7.1_1
Cerrado Verde Potash Project – Regional Setting
Coffey Mining Pty Ltd
Cerrado Verde Potash Project, Brazil – 360908 Page: 18

7.2 Project Geology
Coffey Mining Pty Ltd
The Verdete Slate is located on top of the Serra da Saudade Formation and underlies the
Areado sandstones. Its apparent thickness varies from approximately 20m in the
southernmost domain to over 50m in the northern half of the Serra da Saudade and up to
80m at the northern end where it is covered by younger sediments.
The units are oriented along a north south to north northeast strike and are continuously
exposed for over 120km within the Amazon Mining permits.
Cerrado Verde Potash Project, Brazil – 360908 Page: 19

Figure 7.2_1
Cerrado Verde Potash Project – Project Geology
Coffey Mining Pty Ltd
Cerrado Verde Potash Project, Brazil – 360908 Page: 20

8 DEPOSIT TYPES
Coffey Mining Pty Ltd
Normally, Glauconite is considered a diagnostic element indicative of continental shelf
marine depositional environments with slow rates of accumulation. It develops as a
consequence of diagenetic alteration of sedimentary deposits, bio-chemical reduction and
subsequent mineralogical changes affecting iron-bearing micas such as biotite, and is
also influenced by the decaying process of organic matter degraded by bacteria in marine
animal shells. Glauconite forms under reducing conditions in sediments.
Cerrado Verde Potash Project, Brazil – 360908 Page: 21

9 MINERALIZATION
Coffey Mining Pty Ltd
The Potash mineralization is associated with the Glauconite mineral which gives the Verdete
Slate its distinctive green colour. Glauconite is an iron potassium phyllosilicate (mica group)
mineral of characteristic green colour with very low weathering resistance.
The Verdete slate held within the Amazon tenements can be traced for the entire 120km strike
length with a potential width up to 500m wide. Grab samples along the entire strike length
range from 5% to 12% K2O. The potential tonnage is therefore very large, could reach the
magnitude of Billons of tons.
Figure 9_1
Cerrado Verde Potash Project – Analyzing with portable XRF unit
Cerrado Verde Potash Project, Brazil – 360908 Page: 22

10 EXPLORATION
Coffey Mining Pty Ltd
Amazon Mining has completed remote sensing targeting exercise followed by regional
mapping and grab samples. In addition, Amazon completed a preliminary survey using an
Innov-X portable XRF unit. The portable XRF unit was then correlated to pulp standards and
showed good precision although returned a positive bias in the order of

Figure 10_2
Drillhole Location Plan
Coffey Mining Pty Ltd
Cerrado Verde Potash Project, Brazil – 360908 Page: 24

11 DRILLING
11.1 Introduction
Coffey Mining Pty Ltd
The principal methods used for exploration drilling at Cerrado Verde have been reverse
circulation drilling (RC).
Figure 11.1_1
RC Drill Rig
Table 11.1_1 summarises pertinent drilling statistics. The main zone has been drilled at a
nominal spacing of 100m to 400m.
Table 11.1_1
Cerrado Verde Potash Project
Summary Drilling Statistics
Company/Year Drillholes Metres Contractor Drill Rig Diameter
Amazon Mining /
2010
19 997
Fuad Rassi Engenharia Indústria e
Comércio Ltda
Prominas R1-H 4.5”
All drillholes have been drilled vertical to an average of 52m deep. No downhole surveys
have been completed due to the short vertical holes and scale of mineralization.
Cerrado Verde Potash Project, Brazil – 360908 Page: 25

Coffey Mining Pty Ltd
Drillhole collars were surveyed by Amazon Mining surveyors using a portable GPS with
accuracy of +/-5m.
Accuracy of the survey measurements (downhole and surface) meets acceptable industry
standards for the style of mineralization.
Cerrado Verde Potash Project, Brazil – 360908 Page: 26

12 SAMPLING METHOD AND APPROACH
12.1 Reverse Circulation (RC) Sampling
Coffey Mining Pty Ltd
The samples were taken on 2m intervals and riffle split down to 3kg samples. Sample
weights were not recorded but recoveries were reported as good.
12.2 Logging
Drill samples were sieved during drilling and a small sample of the chips was stored in chip
trays for future reference.
Basic weathering and lithologies were recorded by the geologists and entered into a digital
database.
12.3 Bulk Density
Amazon utilised a consulting group, ConcreSolo, to undertake Bulk Density measurements.
Coffey Mining has reviewed the methodology used by the company ConcreSolo, and noted
that the 22 samples measured the saturated Bulk Density of grab samples collected from
surface.
Coffey Mining considers that given the apparent leached zone in the first 10m of drilling that
down hole samples should be undertaken, to determine if there is any change in density with
depth.
Coffey Mining also considers that saturated bulk density measurements are not appropriate
for resource estimation. Dry bulk density should be determined.
Cerrado Verde Potash Project, Brazil – 360908 Page: 27

13 SAMPLE PREPARATION, ANALYSES AND SECURITY
13.1 Sample Security
Coffey Mining Pty Ltd
All samples following drilling were sent via an Amazon Mining vehicle to the Bureau Veritas
laboratory in Belo Horizonte for analysis. All sample reject, pulps and chip trays are stored at
the Amazon Mining base in Belo Horizonte
13.2 Sample Preparation and Analysis
All samples have been prepared and analysed by Bureau Veritas in Belo Horizonte.
• The samples were received then dried, crushed to 2mm and riffle split
• Samples were analysed by XRF for Fe2O3, SiO2, Al2O3, CaO, MgO, MnO, TiO2, Na2O,
K2O, BaO, P2O5, Cr2O3, SrO and LOI.
Bureau Veritas insert duplicates, blanks and certified standards at a rate of 5% to maintain
their quality control.
13.3 Adequacy of Procedures
Coffey Mining considers the sample preparation, analysis and sample security to be of
acceptable standards.
Cerrado Verde Potash Project, Brazil – 360908 Page: 28

14 DATA VERIFICATION
14.1 Introduction
Coffey Mining Pty Ltd
Amazon did not carry out a proper QAQC program. The current QAQC analysis is the internal
Bureau Veritas program.
5% of samples sent to the Bureau Veritas were then sent to SGS-Geosol in Belo Horizonte to
undertake an umpire sample.
Coffey Mining has reviewed the QAQC results returned by Bureau Veritas as follows
14.2 Bureau Veritas Standards
Standard
Expected
Value
K2O %
+/-10% (EV)
Table 14.2_1
Standards Utilized by Bureau Veritas
Failed
No of
Analyses
Minimum
(%)
Maximum
(%)
Cerrado Verde Potash Project, Brazil – 360908 Page: 29
Mean
(%))
IPT 146 0.04 0.034 and 0.042 5 6 0 .07 0.05
IPT 53 12.1 10.89 and 13.31 0 6 11.95 12.61 12.18
IPT53+IPT146 6.07 5.46 and 6.67 0 6 5.84 6.36 6.07
%
Within
+/- 10
of EV
Pulp Blank 0

Figure 14.3_1
Field Duplicates - All sample data (Includes NQ and HQ core 0.3 to 5m)
Coffey Mining Pty Ltd
K2O ID K2O ID
SAMPLE A SAMPLE B Units Result
No. Pairs: 37 37 Pearson CC: 0.99
Minimum: 0.07 0.02 g/t Spearman CC: 0.97
Maximum: 13.50 12.71 g/t Mean HARD: 2.54
Mean: 9.09 9.04 g/t Median HARD: 0.46
Median 10.08 9.91 g/t
Std. Deviation: 3.10 3.03 g/t Mean HRD: 1.65
Coefficient of Variation: 0.34 0.34 Median HRD 0.09
HARD (%)
Frequency (%)
Absolute Difference (g/t)
K2O ID SAMPLE B (g/t)
60
40
20
Mean vs. HARD Plot
(All Data)
0
0.01 0.1 1 10 100
100
50
Mean of Data Pair (g/t)
Mean HARD: 2.54 Median HARD: 0.46
Precision: 10%
0
-1.0 0.0 1.0
0.01
HRD Histogram
(All Data)
HRD (/100)
Mean HRD: 1.65 Median HRD: 0.09
Precision: +/-10%
0.001
0.01 0.1 1 10 100
15
10
5
10
1
0.1
Bureau Veritas - Pulp Duplicates
(All Data)
T & H Precision Plot (Assay Pairs)
(All Data)
Mean of Data Pair (g/t)
10% 20% 30% 50%
Correlation Plot
(All Data)
0
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
K2O ID SAMPLE A (g/t)
P.CC= 0.99 S.CC= 0.97 Ref. Line
y = 0.97x + 0.24
0
0 10 20 30 40 50 60 70 80 90 100
Cerrado Verde Potash Project, Brazil – 360908 Page: 30
HARD (%)
HRD (%)
Median AD (g/t)
K2O ID SAMPLE B (g/t)
100
50
60
40
20
0
Rank HARD Plot
(All Data)
Rank (%)
Precision: 10%
Mean vs. HRD Plot
(All Data)
97.30% of data are within
Precision limits
-20
0.01 0.1 1 10 100
10
1
0.1
Mean of Data Pair (g/t)
Mean HRD: 1.65 Median HRD: 0.09
Precision: +/-10%
T & H Precision Plot (Grouped Pairs)
(All Data)
0.01
1 10 100
15
10
5
Grouped Mean of Pair (g/t)
10% 20% 30% 50%
QQ Plot
(All Data)
0
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
K2O ID SAMPLE A (g/t)
Ref. Line y = 0.97x + 0.19
Printed: 13-Apr-2010 19:02:27 Data Imported: 13-Apr-2010 18:57:18 Page 1

14.4 Adequacy of Procedures
Coffey Mining Pty Ltd
No Quality control data has been supplied by Amazon Mining. Coffey Mining recommends
that Amazon Mining adopt a similar QAQC program as utilised by Bureau Veritas, which
includes the use of certified standards, blanks and pulp duplicates. In addition Coffey Mining
would recommend that field duplicates which would require the resplitting of the reverse
Circulation field reject sample to be submitted at a rate of 5%.
The Bureau Veritas QAQC data shows good precision and accuracy.
Cerrado Verde Potash Project, Brazil – 360908 Page: 31

15 ADJACENT PROPERTIES
Coffey Mining Pty Ltd
There are no advanced potash properties in the immediate vicinity of the Cerrado Verde
Project.
Cerrado Verde Potash Project, Brazil – 360908 Page: 32

16 MINERAL PROCESSING AND METALLURGICAL TESTING
Coffey Mining Pty Ltd
Coffey Mining has not reviewed any metallurgical data related with the Cerrado Verde project.
Cerrado Verde Potash Project, Brazil – 360908 Page: 33

17 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES
17.1 Introduction
Coffey Mining Pty Ltd
Coffey Mining has estimated the Preliminary Mineral Resource for the Cerrado Verde Potash
Project as at 27 February 2010. All grade estimation was completed using Ordinary Kriging
(‘OK’) for Potash. This estimation approach was considered appropriate based on review of a
number of factors, including the quantity and spacing of available data, the interpreted
controls on mineralization, and the style of mineralization. The estimation was constrained
with mineralization interpretations.
17.2 Geological Modeling
Based on grade information and geological observations from Coffey Mining and site based
Amazon geologists, 1 high grade domain and 1 low grade domain have been interpreted
using E-W oriented vertical sections.
Interpretation and digitising of all constraining boundaries has been undertaken on cross
sections orientated at 90º (drill line orientation). The interpretation was completed using
8 vertical sections. Figure 17.2_1 shows the vertical sections location. The resultant digitised
boundaries have been used to construct wireframe defining the three-dimensional geometry
of each interpreted feature. The interpretation and wireframe models have been developed
using the Gemcom Surpac mine planning software package.
As the drill holes collars were surveyed using a portable GPS the RL values of each one were
defined by Coffey draping those collars to the 3D topography surface.
Figure 17.2_1
Vertical Sections L- ocation
Cerrado Verde Potash Project, Brazil – 360908 Page: 34

Coffey Mining Pty Ltd
For the purpose of the resource estimation, 2 mineralized domains were interpreted and
modelled to the Verdete slate which is characterised by the green glauconitic mineralization..
Cross section examples are shown in the figures below.
Figure 17.2_2
Cross Section (Section 4)
Figure 17.2_3
Cross Section (Section 5)
The following figures below show the two domain wireframes interpreted in 3 dimensions
Cerrado Verde Potash Project, Brazil – 360908 Page: 35

Figure 17.2_4
Low Grade Domain – 3 Dimensions
Figure 517.2_5
High Grade Domain – 3 Dimensions
Coffey Mining Pty Ltd
Cerrado Verde Potash Project, Brazil – 360908 Page: 36

17.3 Block Model Development
Coffey Mining Pty Ltd
A three-dimensional block model was constructed for the Cerrado Verde deposit, covering all
the interpreted mineralization zones and including suitable additional waste material to allow
later pit optimisation studies. The block model has been developed using Gemcom Surpac
Mine planning software.
A parent block size of 100mE x 100mN x 10mRL has been used for all materials with sub-
blocking to 50mE x 50mN x 5mRL to allow adequate volume resolution. To obtain a robust
flagging of the wireframe in the block model, a percent model technique was used which
calculates the percentage of the block inside the high grade wireframe. This provides a more
accurate volume estimate. Bulk density has been coded to the block model based on the
defined density values provided by Amazon.
The Table 17.3_1 below shows the summary of the block model created.
Table 17.3_1
Block Model Summary
Y X Z
Minimum Coordinates 7,868,000 407,500 600
Maximum Coordinates 7,871,500 409,500 1,050
User Block Size 100 100 10
Min. Block Size 50 50 5
Rotation 0 0 0
17.4 Statistical Analysis
The drillhole database was composited to a 2m down hole composite intervals, recording. The
2m composites were used for all statistical, geostatistical and grade estimation studies. The
decision to use 2m composites was based the raw sample lengths of sampled intervals (Figure
17.4_1).
Cerrado Verde Potash Project, Brazil – 360908 Page: 37

Statistical analysis of the composite datasets was completed within the low grade and high
grade domains. Descriptive statistics are presented in Table 17.4_1.
High Grade Domain
Low Grade Domain
“Box and whisker” plots for the mineralized intervals were compiled for high grade and low
grade K2O in Figures 177.4.2
and 17.4.3, respectively.
Cerrado Verde Potash Project, Brazil – 360908
Figure 17.4_1
Sample Length Distribution
Table 17.4_1
Summary Statistics – 2m Composites
Count
Minimum
Maximum
Mean
Std. Dev.
CV
Count
Minimum
Maximum
Mean
Std. Dev.
CV
CCoffey
Mining Pty Ltd
K2O (%)
244
7.09
13.02
10.95
1.09
0.09
174
3.31
10.74
6.62
1.69
0.26
Page: 38

Alvo: CV
Litologia: Verdete
Variável: K2O (%)
Número de Amostras: 244
Mínimo Valor: 7.09
Máximo Valor: 13.02
N° Classes (Sturges): 9
Intervalo (Sturges): 0.66
Quantiles
2.5%: 8.45
5.0%: 8.79
25.0%: 10.34
Mediana: 11.15
75.0%: 11.70
95.0%: 12.38
97.5%: 12.73
Média: 10.95
Variância: 1.18
Desvio Padrão: 1.09
Coef. de variação: 10%
Range interquartil: 1.37
Figure 17.4_2
Basic statistics – 2m composite High Grade K2O
Coffey Mining Pty Ltd
Based on the statistical review a top cut was applied to low grade mineralization based on the
97.5 percentile which included only one high grade assay being reduced to 10.73% K2O.
Cerrado Verde Potash Project, Brazil – 360908 Page: 39

Alvo: CV
Litologia: Verdete
Variável: K2O (%)
Número de Amostras: 174
Mínimo Valor: 3
Máximo Valor: 11
N° Classes (Sturges): 8
Intervalo (Sturges): 0.88
Quantiles
2.5%: 3.97
5.0%: 4.06
25.0%: 5.16
Mediana: 6.52
75.0%: 7.88
95.0%: 9.40
97.5%: 10.11
Média: 6.62
Variância: 2.88
Desvio Padrão: 1.70
Coef. de variação: 26%
Range interquartil: 2.72
Figure 17.4_3
Basic statistics – 2m composite Low Grade K2O
No top cut was applied to the high grade domain.
Coffey Mining Pty Ltd
Cerrado Verde Potash Project, Brazil – 360908 Page: 40

17.5 Variography
17.5.1 Introduction
Coffey Mining Pty Ltd
Variography is used to describe the spatial variability or correlation of an attribute. The spatial
variability is traditionally measured by means of a variogram, which is generated by
determining the averaged squared difference of data points at a nominated distance (h), or lag
(Srivastava and Isaacs, 1989). The averaged squared difference (variogram or γ(h)) for each
lag distance is plotted on a bivariate plot, where the X-axis is the lag distance and the Y-axis
represents the average squared differences (γ(h)) for the nominated lag distance.
Several types of variogram calculations are employed to determine the directions of the
continuity of the mineralization:
Traditional variograms are calculated from the raw assay values.
Log-transformed variography involves a logarithmic transformation of the assay data.
Gausssian variograms are based on the results after declustering and a transformation to
a Normal distribution.
Pairwise-relative variograms attempt to ‘normalise’ the variogram by dividing the
variogram value for each pair by their squared mean value.
Correlograms are ‘standardized’ by the variance calculated from the sample values that
contribute to each lag.
Fan variography involves the graphical representation of spatial trends by calculating a range
of variograms in a selected plane and contouring the variogram values. The result is a
contour map of the grade continuity within the domain.
The variography was calculated and modelled in the mining planning software, Gemcom Surpac
Software. The rotations are tabulated as input into Gemcom Surpac Software (geological
convention), with X representing the bearing, Y representing dip and Z representing plunge. Dip
and dip direction of major, semi-major and minor axes of continuity are also referred to in the
text.
Grade variography was generated to enable grade estimation via OK. Interpreted anisotropy
directions correspond well with the modelled geology and overall geometry of the interpreted
domain. The results are show in Table 17.5.2_1.
Cerrado Verde Potash Project, Brazil – 360908 Page: 41

K2O
Nugget
(C0)
Table 17.5.2_1
Cerrado Verde Deposit
High Grade and Low Grade Mineralized Domain Variogram Models
Rotation Structure 1 Structure 2
Bearing Dip plunge
Cerrado Verde Potash Project, Brazil – 360908 Page: 42
Sill 1
(C1)
Coffey Mining Pty Ltd
Range (m) Sill 2
Range (m)
Major Semi Major Minor (C2) Major Semi Major Minor
Low Grade 0.21 180 -10 0 0.34 200 100 16.53 1.20 400 200 33.06
High Grade 0.21 180 -10 0 0.34 200 100 16.53 1.20 400 200 33.06

17.6 Grade Estimation
Resource estimation for the Cerrado Verde mineralization was completed using Ordinary
Kriging (OK) within the low grade and high grade mineralized domain.
OK is the most commonly used type of kriging. It assumes a constant but unknown mean.
Typical ordinary kriging assumptions
The typical assumptions for the practical application of ordinary kriging are:
• Intrinsic stationarity or wide sense stationarity of the field
• Enough observations to estimate the variogram.
The mathematical condition for applicability of ordinary kriging is:
• The he mean E[Z(x)] = µ is unknown but constant
• The variogram γ(x,y) = E[(Z(x) − Z(y))2] of Z(x) is known.
Ordinary Kriging equation
The kriging weights of ordinary kriging fulfill the unbiasedness condition
and are given by the ordinary kriging equation system:
the additional l parameter µ is a Lagrange multiplier used in the minimization of the kriging error
to honor the unbiasedness condition.
Ordinary kriging interpolation
The interpolation by ordinary kriging is given by:
Cerrado Verde Potash Project, Brazil – 360908
Technical Report – 1 March 2010
CCoffey
Mining Pty Ltd
Page: 43

Ordinary kriging error
The kriging error is given by:
Properties of kriging (Cressie 1993, Chiles&Delfiner 1999, Wackernagel 1995)
• The kriging estimation is unbiased:
• The kriging estimation honors the actually observed value:
• The kriging estimation is the best linear unbiased estimator of Z(x) if the
assumptions hold. However (e.g. Cressie 1993):
• As with any method: If the assumptions do not hold, kriging might be bad.
• There might be better nonlinear and/or biased methods.
• No properties are guaranteed, when the wrong variogram is used. However typically
still a 'good' interpolation is achieved.
• Best est is not necessarily good: e.g. In case of no spatial dependence the kriging
interpolation is only as good as the arithmetic mean.
• Kriging provides as a measure of precision. However this measure relies on the
correctness of the variogram.
Additional to the drilling samples, channel composites samples, from complementary
sampling campaign were used, after a test of adequacy of support.
The Figure below shows the estimation steps undertaken in the Cerrado Verde estimation.
Cerrado Verde Potash Project, Brazil – 360908
Technical Report – 1 March 2010
CCoffey
Mining Pty Ltd
Page: 44

Figure 17.6_1
K2O % estimation steps – Plan View.
Coffey Mining Pty Ltd
Cerrado Verde Potash Project, Brazil – 360908 Page: 45
Technical Report – 1 March 2010

17.7 Resource Reporting
Coffey Mining Pty Ltd
The grade estimates for all domains have been classified as Inferred based on the confidence
levels of the key criteria that were considered during the resource estimation. Key criteria are
tabulated below. A summary of the estimated resources for the Cerrado Verde deposit is
provided in Table 17.7_1 below.
Table 17.7_1
Cerrado Verde Project
Confidence Levels of Key Categorisation Criteria
Items Discussion Confidence
Drilling Techniques Reverse Circulation drilling is Industry standard approach. High
Logging Standard nomenclature and apparent good quality. High
Drill Sample Recovery Good recovery recorded. High
Sub-sampling Techniques &
Sample Preparation
Quality of Assay Data
Verification of Sampling and
Assaying
Location of Sampling Points
Sampling technique and preparation is to industry standards.
Bulk Density samples have been determined as saturated
samples (not industry standard procedure)
No Amazon Mining QAQC data reviewed, Bureau Veritas
QAQC data returned good precision and accuracy
Umpire samples have not been taken
Survey of all collars completed for most holes using portable
GPS. No downhole surveys but minimal deviation expected
with short vertical holes
Data Density and Distribution Approximately 200m x 400m spaced drilling Moderate
Audits or Reviews None N/A
Database Integrity
Assay hard copy sheets were randomly checked against the
digital database with no errors identified
Geological Interpretation Simple geology, two domains defined. High
Estimation and Modelling
Techniques
Ordinary Kriging has been used to obtain estimates of K2O
% grade.
The Inferred resource has been classified based on blocks estimated until step 5 with a
maximum range of 1000m. The total Inferred resource estimate is shown in Table 17.7_2
utilising different cut off grades. The additional figures are different views of the model as
used in the validation process.
Cerrado Verde Potash Project, Brazil – 360908 Page: 46
Technical Report – 1 March 2010
Low
Low
Low
Low
High
High

Table 17.7_2
Cerrado Verde Deposit –27 February 2010
Inferred Grade Tonnage Report
Ordinary Kriging Estimate
100mE x 100mN x 5mRL Selective Mining Unit
Domain Cut-Off Grade (% K2O) Million Tonnes Average Grade (% K2O)
Low Grade
High Grade
Total Low Grade + High
Grade
0 67.82 6.22
3 67.82 6.22
4 67.45 6.23
5 55.85 6.41
6 33.19 7.27
7 20.24 7.78
8 6.49 8.52
9 1.01 9.43
0 92.74 10.61
7 92.74 10.61
8 92.20 10.63
9 86.55 10.76
10 64.39 11.17
11 35.71 11.61
12 8.24 12.33
0 160.56 8.75
Coffey Mining Pty Ltd
The resource estimate has been classified as inferred mainly due to the low confidence in the
Bulk Density determinations, data density of distribution and the limited QAQC program
provided by Amazon Mining. The actual model shows relative homogeneity and is a simple
geological model.
Figure 17.7_1
Block Model Domains Low Grade and High Grade
Cerrado Verde Potash Project, Brazil – 360908 Page: 47
Technical Report – 1 March 2010

Coffey Mining Pty Ltd
The Figure below shows the grade and tonnage curve for the high and low grade domains.
Tonnes (Mt)
Tonnes (Mt)
100.00
90.00
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
-
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
-
Figure 17.7_2
Grade Tonnage Curve – Domain High Grade - Inferred Resource
0.0 7.0 8.0 9.0 10.0 11.0
9.5
12.0
Cut-off Grade (%) K 2O
Tonnes (Mt) K2O (%) Grade (average)
Figure 17.7_3
Grade Tonnage Curve – Domain Low Grade - Inferred Resource
-
0.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0
Cut-off Grade (%) K 2O
Tonnes (Mt) Teor K2O (%) (average)
Cerrado Verde Potash Project, Brazil – 360908 Page: 48
Technical Report – 1 March 2010
12.5
12.0
11.5
11.0
10.5
10.0
Average (%) K 2O
10.00
9.00
8.00
7.00
6.00
5.00
4.00
3.00
2.00
1.00
Average (%) K 2O

17.7.1 Validation
Coffey Mining Pty Ltd
Validation of the grade estimate was completed with a comparative Nearest Neighbor
estimation. Validation consists of a comparative statistical analysis over inferred results for
low grade and high grade mineralized intervals. In addition an interactive visual validation
utilizing the drill holes and the block model was completed in plan and cross section (Figures
17.7.1_1 to 17.7.1_2). The visual validation of the OK model shows a good correlation,
considering the inferred level of resource classification, between the blocks estimated and the
original samples.
Target
Lithology
Variable
Resource
8.12cm
Cerrado Verde
High Grade
K2O
Inferred
Ordinary Kriging
9.95cm
Figure 17.7.1_1
Comparative statistics % K2O High Grade
Cerrado Verde
8.12cm
NN-Check
Samples:
Minimum:
572
7.58
Quantiles
Samples:
Minimum:
572
7.45
Quantiles
Maximum: 12.76
2.50% 8.57
Maximum: 13.02
2.50% 7.97
1° Quartil: 9.71
1° Quartil: 9.07
Mean: 10.54 Median: 10.74
Mean: 10.39 Median: 10.59
Variance: 1.04 3° Quartil: 11.19
Variance: 1.73 3° Quartil: 11.37
Std. Deviation: 1.02 97.5%: 12.48
Std. Deviation: 1.32 97.5%: 12.63
Correlation Q-Q Plot
Cerrado Verde Potash Project, Brazil – 360908 Page: 49
Technical Report – 1 March 2010
9.95cm

Target
Lithology
Variable
Resource
Cerrado Verde
Low Grade
K2O
Inferred
Figure 17.7.1_2
Comparative statistics % K2O Low Grade
Cerrado Verde
Ordinary Kriging NN-Check
Coffey Mining Pty Ltd
Samples:
Minimum:
428
3.42
Quantiles
Samples:
Minimum:
428
3.31
Quantiles
Maximum: 9.75
2.50% 4.37
Maximum: 9.89
2.50% 3.92
1° Quartil: 5.15
1° Quartil: 4.41
Mean: 6.15
Median: 5.98
Mean: 5.80
Median: 5.36
Variance: 1.57
3° Quartil: 7.09
Variance: 2.49
3° Quartil: 6.76
Std. Deviation: 1.25
97.5%: 8.61
Std. Deviation: 1.58
97.5%: 9.38
Correlation Q-Q Plot
Cerrado Verde Potash Project, Brazil – 360908 Page: 50
Technical Report – 1 March 2010

18 OTHER RELEVANT DATA AND INFORMATION
There is no other relevant data and information that Coffey Mining is aware of.
Coffey Mining Pty Ltd
Cerrado Verde Potash Project, Brazil – 360908 Page: 51
Technical Report – 1 March 2010

19 INTERPRETATION AND CONCLUSIONS
Coffey Mining Pty Ltd
The pertinent observations and interpretations which have been developed in producing this
report are detailed in the sections above.
20 RECOMMENDATIONS
Coffey Mining recommends that a preliminary economic assessment (PEA) be undertaken on
the Cerrado Verde Project prior to undertaking any additional resource definition.
The current resource estimate confidence can be improved by
20.1 Budget and Schedule
Undertaking additional Bulk Density measurements on diamond core downhole.
Improve the current surface topography
Improve current internal quality control procedures
The studies including predominantly metallurgical test work are budgeted at $1M in 2010 and
$1.5M in 2011. This budget will allow Amazon to complete a Preliminary Economic
Assessment in 2010 and assuming positive results, progress to a Pre-feasibility Study by the
end of year 2010.
Cerrado Verde Potash Project, Brazil – 360908 Page: 52
Technical Report – 1 March 2010

21 REFERENCES
Coffey Mining Pty Ltd
Jose Valarelli et al – 1992 – Ardosias “Verdete” de CEdro do Abaete na Producao de Termofosfato Potassico
Fundido e sua Eficiencia Agronomica
Persio Mandetta 2009 – Planejamento de Sondagem Exploratoria.
Luis A.M Da Costa et al, Sept 2008 – Potential of Potassium-Bearing Rock of the Cedro do
Abaete Region, State of Minas Gerais, Brazil.
http://en.wikipedia.org/wiki/Glauconite
http://en.wikipedia.org/wiki/Kriging#Ordinary_kriging
Cerrado Verde Potash Project, Brazil – 360908 Page: 53
Technical Report – 1 March 2010

22 DATE AND SIGNATURE PAGE
The effective date of this Report is 1 March 2010.
B Viana
Resource Geologist
Coffey Mining Pty Ltd
15 April 2010
B Nicholls
Associate Consultant
Coffey Mining Pty Ltd
15 April 2010
10 April 2010
BSc (Geol) , MAIG
B.Sc Geol. MAIG
Coffey Mining Pty Ltd
Cerrado Verde Potash Project, Brazil – 360908 Page: 54
Technical Report – 1 March 2010

23 CERTIFICATES OF AUTHORS
Coffey Mining Pty Ltd
Cerrado Verde Potash Project, Brazil – 360908 Page: 55
Technical Report – 1 March 2010

Certificate of Qualified Person
Coffey Mining Pty Ltd
As primary author of the report entitled “Cerrado Verde Potash Project, Brazil, Technical Report” (the Report),
dated 1 March 2010, I hereby state:
1. I, Bernardo Viana, am an Associate Resource Geologist with the firm Coffey Mining Pty Ltd, 1162 Hay Street,
West Perth, Western Australia, Australia, do hereby certify that:-
2. I am a practising resource geologist and I am a Member of the AIG (Australasian Institute of Geoscientists).
3. I am a graduate of Federal University of Minas Gerais – Belo Horizonte and hold a Bachelor of Science
Degree in Geology (2002). I have practiced my profession continuously since 2002.
4. I am a “qualified person” as that term is defined in National Instrument 43-101 (Standards of Disclosure for
Mineral Projects) (the “Instrument”).
5. I have not visited the property that is the subject of this Report.
6. I am responsible for Sections 12-20 of this report.
7. I hereby consent to the use of this Report and my name in the preparation of documents for a public filing
including a prospectus, an annual information filing, brokered or non-brokered financing(s), or for the
submission to any Provincial or Federal regulatory authority.
8. I am not aware of any material fact or material change with respect to the subject matter of the Report that is
not reflected in the Report, or the omission to disclose which makes the Report misleading.
9. I have read and understand National Instrument 43-101 and am considered independent of the issuer as
defined in Section 1.4.
10. I have read the National Instrument and Form 43-101F1 (the “Form”) and the Study has been prepared in
compliance with the Instrument and the Form.
11. I have not received, nor do I expect to receive, any interest, directly or indirectly, in the Properties that are the
subject of this report and do not hold nor expect to receive securities of Amazon Mining Holding Plc.
Dated at Belo Horizonte, Brazil, on 1 st March 2010.
Bernardo Viana
Resource Manager - Brazil
Coffey Mining Pty Ltd
BSc Geology MAIG
Cerrado Verde Potash Project, Brazil – 360908 Page: 56
Technical Report – 1 March 2010

Certificate of Qualified Person
Coffey Mining Pty Ltd
As co-author of the report entitled “Cerrado Verde Potash Project, Brazil, Technical Report” (the Report), dated 1
March 2010, I hereby state:
1. I, Beau Nicholls, Associate Consultant of Coffey Mining Pty Ltd, 1162 Hay Street, West Perth, Western
Australia, Australia, do hereby certify that:-:
2. I am a practising geologist with 15 years of Mining and Exploration geological experience. I have worked in
Australia, Eastern Europe, West Africa and currently Brazil. I am a member of the Australian Institute of
Geoscientists (“MAIG”).
3. I am a graduate of Western Australian School of Mines – Kalgoorlie and hold a Bachelor of Science Degree in
Mineral Exploration and Mining Geology (1994). I have practiced my profession continuously since 1995.
4. I am a “qualified person” as that term is defined in National Instrument 43-101 (Standards of Disclosure for
Mineral Projects) (the “Instrument”).
5. I visited the property that is the subject of this Report on 10th and 11th July 2009.
6. I am responsible for Sections 1-11 of this report.
7. I hereby consent to the use of this Report and my name in the preparation of documents for a public filing
including a prospectus, an annual information filing,, brokered or non-brokered financing(s), or for the
submission to any Provincial or Federal regulatory authority.
8. I am not aware of any material fact or material change with respect to the subject matter of the Report that is
not reflected in the Report, or the omission to disclose which makes the Report misleading and that as of the
date of this certificate, to the best of my knowledge, information and belief, the Report contains all scientific
and technical information that is required to be disclosed to make the Report not misleading.
9. I have read and understand National Instrument 43-101 and am independent of the issuer as defined in
Section 1.4 and prior to visiting Cerrado Verde I had no involvement in or knowledge of the property that is the
subject of this Report.
10. I have read the National Instrument and Form 43-101F1 (the “Form”) and the Report has been prepared in
compliance with the Instrument and the Form.
11. I have not received, nor do I expect to receive, any interest, directly or indirectly, in the Property that is the
subject of this report and do not hold nor expect to receive securities of Amazon Mining Holding Plc.
Dated at Belo Horizonte, Brazil, on 1 st March 2010.
Beau Nicholls
Associate Consultant
Coffey Mining Pty Ltd
B.Sc Geol MAIG
Cerrado Verde Potash Project, Brazil – 360908 Page: 57
Technical Report – 1 March 2010

Appendix A
Drill hole graphical logs