Resource World Magazine

ORLD MININGW Volume 2 • Issue E Z I N G A M A 1 Innovative mining equipment and technology www.miningworld.com logies ing techno GOLD tail ■ BLUE s CS revolution GEOMETRI ■ AERO ng two digital survivi holes along electromagnetic conductor "A" suggest this graphite zone extends for over 800 metres while remaining open to the north, south and at depth. Similarly, visual inspections of the drill core collected from drill holes along electromagnetic conductor "C" suggest this graphite zone extends for over 600 metres while remaining open to the north, south and at depth. The company's geophysical surveys and drill programs have focused exclusively on the Plumbago area of the property which includes only four of the 32 claims subject to the property option agreement. The maiden NI 43-101 resource estimate will be based solely on this area. Surface samples taken from the Kelly, McLaren and Burke areas of the property returned graphite results up to 22%. To date, the company has received and announced assay results for 19 drill holes and seven trenches. Assay results for the final 16 drill holes completed during Q4 2012 are pending along with resubmitted core samples from Phase I drilling. IVANPLATS EXPANDS SOUTH AFRICA PLATINUM RESOURCES Robert Friedland, Executive Chairman of Ivanplats Limited [IVP-TSX], reported that an intensive drilling program during 2011 and 2012 at the company's Flatreef discovery in the Northern Limb of the Bushveld Complex, South Africa, has significantly expanded and upgraded the Flatreef precious and base-metal mineral resources. Friedland said that a new mineral resource model based on drilling results audited by AMEC E&C Services of Reno, Nevada, has upgraded more than 220 million tonnes of the Flatreef Discovery's previously declared inferred mineral resources into the higher-confidence classification of indicated mineral resources. APRIL 2013 "Flatreef is distinguished from other Bushveld projects by its tremendous size, the remarkable thickness of the polymetallic mineralized reef and its potential for significant by-product credits of nickel and copper," Friedland said. "The successful upgrading and expansion of the selective high-grade underground resources advance the definition of the initial mine plan in which we intend to incorporate safe, efficient, largescale, mechanized mining methods." "Given that the cumulative true thickness of the two mineralized zones in the currently defined indicated resources is 24 metres at a 2 grams/tonne, (4PE-platinum, palladium, gold and rhodium) cut-off, we firmly believe that the Flatreef Discovery will enhance the future of underground platinum mining in South Africa." The indicated mineral resource covers an area of 2.8 km2, which at a 2.0 g/t (4PE) cutoff corresponds to an average of more than 10 million ounces of precious metals per square kilometre. At a 1 g/t (4PE) cutoff, the indicated mineral resource contains on average more than 14 million ounces per square kilometre. Flatreef's indicated mineral resources now total 223 million tonnes grading 4.1 grams/tonne (4PE), 0.34% nickel and 0.16% copper, at a 2.0 g/t (4PE) cut-off grade and at a cumulative, average true thickness of 24.3 metres. The indicated resources contain an estimated 29.2 million ounces of platinum, palladium, gold and rhodium, 1.7 billion pounds of nickel and 800 million pounds of copper. In addition, the latest estimate includes inferred mineral resources of 410 million tonnes grading 3.3 g/t (4PE), 0.32% nickel and 0.18% copper, at an average true thickness of 18.0 metres. Inferred resources contain an estimated, additional 44.0 million ounces of platinum, palladium, gold and rhodium, 2.9 billion pounds of nickel and 1.6 billion pounds of copper. At a higher cut-off grade of 3.0 g/t (4PE), Flatreef's newly reported indicated mineral resources total 138 million tonnes grading 5.0 g/t (4PE), 0.38% nickel and 0.17% copper, at an average vertical thickness of 17.1 metres. At the same cut-off grade, inferred mineral resources now total an additional 181 million tonnes grading 4.4 g/t (4PE), 0.38% nickel and 0.17% copper, at an average true thickness of 12.9 metres. The new resource estimate substantially increases and upgrades the previous March 2011 Flatreef estimate reported for Ivanplats' initial public offering in October last year, which was based only on inferred mineral resources that totalled 320 million tonnes grading 3.65 g/t (3PE) and containing 37.6 million ounces of PGEs, at a 2.0 g/t (3PE) cut-off grade. The new resource estimate incorporates the results from approximately 345,000 metres of drilling completed by a fleet of 30 rigs from March 2011 to August 2012. Mineralization remains open for expansion along the southern and western boundaries of the Flatreef deposit. n www.resourceworld.com 39

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