2000 Annual Report - Heron Resources Limited

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Glossary of Terms Continued “PAL” means Pressure Acid Leach, a nickel laterite processing technique in which ore is dissolved in hot high pressure sulphuric acid contained within a titanium-lined reaction vessel termed an autoclave, to release nickel and cobalt into solution, for precipitation as an intermediate product or pure metal. “PGE” means Platinum Group Elements. “prospect” means a target upon which exploration programs are planned or have commenced. “project” means a grouping of prospects within a specific geographic location, often with a common geological setting. “province” means a grouping of projects within a geological district defined by a major mineralised crustal structure. “ppb” means parts per billion. “ppm” means parts per million. “RAB drilling” means the drilling technique in which a sample is returned to surface outside the rod string by compressed air. Sample quality is poor. “RC drilling” means the drilling method employing a rotating or hammering action on a drill bit which returns a sample to the surface inside the rod string by compressed air. Sample quality is very good, particularly if the drill hole is dry. “Resource and Ore Reserve” means: “Proved Ore Reserve” is the economically mineable part of a Measured Mineral Resource. It includes diluting materials and allowances for losses which may occur when the material is mined. Appropriate assessments, which may include Feasibility Studies, have been carried out, and include consideration of and modification by realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. These assessments demonstrate at the time of reporting that extraction could reasonably be justified. The term “economic” implies that extraction of the Ore Reserve has been established or analytically demonstrated to be viable and justifiable under reasonable investment assumptions. Proved Ore Reserve will require some degree of lateral continuity validation through diamond drilling, wide diameter (900mm) bulk sample drilling, trial mining, exploration winze or most likely for Goongarrie, 10x10m pattern RC drilling. “Measured Mineral Resource” is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence. It is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are spaced closely enough to confirm geological and/or grade continuity. At the Goongarrie Nickel Project, Heron’s least dense drill RC pattern for Measured Mineral Resource status is 20x20m. “Indicated Mineral Resource” is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed. At the Goongarrie Nickel Project, Heron’s least dense RC drill pattern for Indicated Mineral Resource status is 80x80m. “Inferred Mineral Resource” is that part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be limited or of uncertain quality and reliability. At the Goongarrie Nickel Project, Heron’s least dense RC drill pattern for Inferred Mineral Resource status is 400x80m. “ROM” means run of mine ore, referring to the grade and type of ore that is expected to be fed to the processing plant on a day to day basis. “Rift” means a zone of crustal extension in which the predominant sediment deposition is conglomerate, and the predominant volcanic activity is a bimodal basalt-rhyolite association which is intruded by co-magmatic granitoids. The high geothermal gradients of rifts are very favourable for gold deposits. “Shear Zone” means a zone in which crushed rock has been produced by the action of a shearing stress as on a fault. “SiCo” means a siliceous pyrolusite bearing Nickel Laterite Ore which typically assays in excess of 0.5% Mn, 0.2% Co and 1.0% Ni. At Goongarrie South, “SiCo” Ore typically occurs at the top of ore zones. “Specific Gravity” or “SG” means the mass per unit volume of material, usually in reference to ore and waste. “Waste: Ore ratio” means BCM of waste + BCM of low grade sub-ore divided by BCM of ROM ore. “Tectonic Zone” means a major structural feature characterised by deformation of several kilometres in width. “Ultramafic” means rocks composed almost entirely of mafic minerals which are prospective for nickel mineralisation. “VMS” means volcanogenic massive sulphide, which relates to base metal Cu-Zn-Pb-Au-Ag sulphide mineralisation. “XRD” means X-ray Diffraction, which is an analytical means of identifying microscopic clay minerals. page 80 Heron Resources NL Annual Report 2000
Heron Resources NL In the Community The Artists: East Kalgoorlie Primary School Grades 3 to 7 Back Row, from left: Derrick Sceghi, Kenneth Jackson, Wyvern Jackson, Kevin Banks, Teacher: Amber Lewington, Merita Stevens, Naomi Ellis, Krystal Foley, Andrea Munmurrie Front Row, from left: Natalia Tucker, Tony Champion, Shane Stokes, Leith Stevens, Salena Abdullah, Marika Smith, Kim-Thi Nguyen, Joelene Tucker Absent: Charis Abdullah, Cheynne Graham, Andrew Abdullah Doreen, Paula, Eva and Coral from NTP at the new childrens health clinic which Heron has helped to purchase. Project Geologist (and star winger for Boulder Rugby Union Football Club) Simon Gobbett and Administration Manager Sue Geary. Please telephone Sue on (08) 9091 9253 if you wish to discuss any aspect of Heron’s operations. The Heron Team at the Balzano Barrow Race. Laverton Centenary Cricket Tournament Heron Hospitality Tent Ian Buchhorn, Pam Buchhorn and Shyama Peebles, the Centenary Events Co-ordinator. Heron Resources NL Exploration and Administration Office 21 Close Way, West Kalgoorlie Heron sponsored an Art Prize and Exhibition for the students of East Kalgoorlie Primary School. Salena’s work was selected to feature on the front cover. Other works featured throughout this report are testimony to the creative skills of the students of East Kalgoorlie Primary School. Heron would like to thank the team at Reynolds Graphics for their expertise and professionalism in the design and production of this report.
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2000 Annual Report - Heron Resources Limited

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