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The Riverina Project is located 125 kilometres north of
Coolgardie on granted tenements that cover an area of
approximately 120 square kilometres. Joint Venture partner
and manager RRPL earned 70% equity in the project in June
2006 and in August 2007 the joint venture sold the project
tenements and gold rights to Monarch Gold Mining Company
Limited (“Monarch”). RRPL (70%) and Barra (30%) retain the
nickel rights to the Riverina Project and Monarch must
maintain the tenements in good standing. Between 2005 and
2008 the Joint Venture actively explored the Martins Zone
ultramafic unit for economic concentrations of nickel
laterite and nickel sulphide mineralisation.
Drilling has defined a JORC compliant nickel laterite
resource in the northern area of the Martins Zone containing
2,340,700 tonnes grading 1.01% nickel and 0.06% cobalt for
23,639 tonnes of nickel and 1,440 tonnes of cobalt (0.7%
nickel lower cut), or 924,600 tonnes grading 1.3% nickel and
0.09% cobalt for 12,100 tonnes of nickel and 800 tonnes of
cobalt (1.0% nickel lower cut).
Exploration has also demonstrated that the Martins Zone
ultramafic unit is prospective for nickel sulphide
mineralisation, with drilling in the southern area of the
Martins Zone returning narrow widths of high-grade
remobilized massive nickel sulphide adjacent to an
undeformed ultramafic footwall contact, including 2.00
metres grading 2.80% nickel from 152 metres and 0.40 metres
grading 10.90% nickel from 251 metres. During 2009 RRPL
commenced a comprehensive review of all historic nickel
exploration data to identify additional quality exploration
targets for testing.

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