Prospectus - Kingsrose Mining

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Section 10 Solicitor’s Report TENEMENT SCHEDULE (Schedule 1 to Solicitor’s Report) Key: ML = <strong>Mining</strong> Lease L = Miscellaneous Licence Tenement Current Shares/ Status Grant/ Expiry Area Annual Current Registered Native Title Note No Registered Ownership Application Date (Hectares) Rent Annual Encumbrances Claims Made (Western Holder Date Minimum Australia) Expenditure M29/52 Reed 100% Granted 18/05/1988 17/05/2009 96.88 Rental for $10,000 Agreements Central East 1, 2, 3, Resources Hectares year ended (to 1H/889, Goldfields 4, 5 Ltd 17/05/2009: 17/05/2008) 3OH/889 and People and 6 $1,408.44 335H/890 Bonds PE7854 and 216878 M29/321 Reed 100% Granted 13/11/2002 12/11/2023 3.57650 Rental for $5,000 Bond 21687 Central East 1, 6 Resources Hectares year ended (to Goldfields and 7 Ltd 12/11/2008: 12/11/2007) People $58.08 L29/67 Reed 100% Granted 20/03/2002 19/03/2023 8.2 Rental for NIL Bond PE8705 Central East 1, 6, 8 Resources Hectares year ended Goldfields and 9 Ltd 19/03/2009: People $115.83 Page 58
Notes: 1. The tenement is subject to the Joint Venture Agreement as amended, the Asset Sale Agreement and the MTAB Royalty Deed which are summarised in Schedule 2 of this Report. The Company will have an interest in the tenement by the Joint Venture Agreement as amended. 2. The tenement is subject to each of Agreement 1H/889 being a Deed of Undertaking between Valiant Consolidated Ltd (now Consolidated Minerals Limited), Ridek Corporation Pty Ltd, Goongarrie Gold Pty Ltd and Julia Mines NL (now Dee Yellow Ltd) registered 1 July 1988, Agreement 30H/889 being a Deed of Variation between Valiant Consolidated Ltd (now Consolidated Minerals Limited) and Ridek Corporation Pty Ltd registered 22 July 1988 and Agreement 335H/890 being a Joint Venture Agreement between Valiant Consolidated Ltd (now Consolidated Minerals Limited), Platgold Pacific NL (now Konekt Ltd) and Ashton Gold Mines Pty Ltd (now Aurora Gold Services Pty Ltd) registered 29 March 1990. Reed Resources Ltd has warranted in favour of the Company that each of these agreements do not in any way limit or adversely affect Reed Resources Ltd or the Company receiving the full benefits of ownership of the tenements. 3. The tenement is subject to an, unconditional performance bond numbered PE 7854 in the amount of $7,000 to secure compliance with the conditions of the tenement relating to preventing, reducing or making good injury to the land. The surety provider is the National Australia Bank Limited. 4. The tenement is subject to an unconditional performance bond numbered 216878 in the amount of $29,000 to secure compliance with the conditions of the tenement relating to preventing, reducing or making good injury to the land. The surety provider is the National Australia Bank Limited. 5. There are a number of limitations and excisions imposed on M29/52 including no mining on recreation reserve 13763, rifle range reserve 13737 and Comet Vale townsite without the consent of the Minister for Mines, a ban on mining on or within a distance of 140 metres of Cemetery Reserve No. 11107, no interference with geodetic survey stations BM365 and BM383 and no mining on a strip of land around the Kalgoorlie Leonora Railway Line. 6. The land the subject of this tenement is affected by native title claim WC99/30 (Federal Court Number WAD 70/98) made on behalf of the Central East Goldfields People and registered on 4 October 1999. 7. The tenement is subject to an unconditional performance bond numbered 216876 in the amount of $10,000 to secure compliance with the conditions of the tenement relating to preventing, reducing or making good injury to the land. The surety provider is National Australia Bank Ltd. 8. The tenement is subject to an unconditional performance bond numbered PE 8705 in the amount of $16,500 to secure compliance with the conditions of the tenement relating to preventing, reducing or making good injury to the land. The surety provider is the National Australia Bank Limited. 9. The tenement has been granted for the purposes of the registered holder of the tenement constructing and using a pipeline, a road and a water management facility. Page 59
Page 1 and 2:
Kingsrose Mining Limited ABN 49 112
Page 3 and 4:
Table of Contents Section 1 Key Poi
Page 5 and 6:
Section 2 Chairman’s Letter Dear
Page 7 and 8:
Application of Proceeds at Full Sub
Page 9 and 10: 4.4 Application for Shares Applicat
Page 11 and 12: Section 5 Company and Project Overv
Page 13 and 14: Section 6 Directors and Corporate G
Page 15 and 16: As the Company’s activities devel
Page 17 and 18: Additionally, tenements are subject
Page 19 and 20: Potential Acquisitions As part of i
Page 21 and 22: In addition, GIPL made independent
Page 23 and 24: Figure 2. Regional Geology 1. Intro
Page 25 and 26: Figure 3. Project Geology and Tenem
Page 27 and 28: 6. Past Exploration up to 1998 The
Page 29 and 30: 1. Proving up gold resources to the
Page 31 and 32: Table 3. Significant Results The su
Page 33 and 34: Holla, L.A., 2001. Geological setti
Page 35 and 36: Conduits Conglomerate Country rock
Page 37 and 38: Lava Limestone Lineament Lithologic
Page 39 and 40: Stockwork Stratabound Stratigraphy
Page 41 and 42: Under the terms of an asset sale ag
Page 43 and 44: APPENDIX 1 ASSETS BEING ACQUIRED AN
Page 45 and 46: To be read in conjunction with the
Page 47 and 48: APPENDIX 2 STATEMENT OF CASH FLOWS
Page 49 and 50: (b) (c) (d) (e) (f) (g) Income tax
Page 51 and 52: Unaudited Proforma 31 August 2007 U
Page 53 and 54: $ $ 10. CONVERTIBLE NOTES - UNSECUR
Page 55 and 56: 2.1 Western Australia Tenements in
Page 57 and 58: included a revised threshold test f
Page 59: • Compensation may have to be agr
Page 63 and 64: expenditure will be borne by the pa
Page 65 and 66: Section 12 Additional Information 1
Page 67 and 68: Rights on Winding Up Subject to the
Page 69 and 70: Early Redemption by Noteholder The
Page 71 and 72: Section 13 Director’s Responsibil
Page 73 and 74: Application This Application Form r
Page 75 and 76: Application This Application Form r
Page 77 and 78: Airleg miner boring a level drive f
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Prospectus - Kingsrose Mining

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