"BEACONSFIELD, TAS"																																																																														
RESOURCE CALCULATION SHEET																																																																														
Lower Cut-off grade 0.6%Ni equivalent 																																																																														
                                            SCOTTS / VULCAN : HEMATITE												March 2001																																																																		
																																																																														
Hole No.	From	To	Width	%Ni	%Co	Area	Volume	Density	Tonnes	Tonnes x %Ni	Tonnes x %Co	%Ni Equivalent	Section(AMG)																																																																	
S002	4	5	1	0.26	0.12	19025	19025	1.8	34245.0	8903.7	4109.4	0.68	40100N																																																																	
S006	4	5	1	0.20	0.16	12262	12262	1.8	22071.6	4414.3	3531.5	0.76	40000N																																																																	
S014	1	2	1	0.39	0.28	14975	14975	1.8	26955.0	10512.5	7547.4	1.37	39300N																																																																	
Totals				0.29	0.18		46262		83271.6	23830.5	15188.3	0.92																																																																		
																																																																														
																																																																														
