Resources

The project has resources declared in line with JORC 2012 code
Mineral Resource Estimate

Notes:
- Reported at 0% Fe cut off grade as a total mineralization base.
- Magnetite and Hematite tonnages are given as a resource estimation. Satmagan values are however declared within their respective resource classifications.
- Total resource base elements and magnetite content is a weighted average of the combined mineralization zones.
TOTAL RESOURCES

SOUTHERN ZONE

NORTHERN ZONE

Exploration Upside
A range of analysis done by Minrom Consulting concluded that 759Mt tons of iron ore
mineralization at 31% Fe has been identified on Lodestone's EPL's in addition to the declared
resource base.

