"BEACONSFIELD, TAS"																																																																														
RESOURCE CALCULATION SHEET																																																																														
Lower Cut-off grade 0.6%Ni equivalent 																																																																														
                                                     BARNES HILL : HEMATITE												March 2001																																																																		
																																																																														
Hole No.	From	To	Width	%Ni	%Co	Area	Volume	Density	Tonnes	Tonnes x %Ni	Tonnes x %Co	%Ni Equivalent	Section(AMG)																																																																	
S068	3	4	1	0.84	0.01	15875	15875	1.8	28575.0	24003.0	285.8	0.88	37200N																																																																	
S047	3	4	1	0.50	0.07	18275	18275	1.8	32895.0	16447.5	2302.7	0.75	36100N																																																																	
S076	0.5	1	0.5	1.82	0.07	25462	12731	1.8	22915.8	41706.8	1604.1	2.07	35800N																																																																	
Totals				0.97	0.05		46881		84385.8	82157.3	4192.5	1.15																																																																		
																																																																														
																																																																														
