Prospectus - Kingsrose Mining

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.
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