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Notes

Notes to accompany Mineral Resource Estimate table

Numbers may not add due to rounding.
Resource models for the Barranco Option resources, were constructed within the GS3 software, a proprietary resource modelling software developed by Hellman and Schofield.
The resource model for King Brown, Golden Orb, Battler and Marda Central (Python, Dolly Pot, Dugite, Goldstream, Cobra, Taipan and Green Tree) were constructed using Minesight software. The resource estimates for these deposits utilized a block model with block dimensions typically of 5m by 2m by 2.5m blocks (X, Y Z).
Block interpolation was estimated using Ordinary Kriging within mineralization wire-frames based upon a ~0.50g Au/t lower delineation cut-off.
The Marda Central project area is comprised of the Python, Dolly Pot, Dugite, Goldstream Cobra, Taipan, and Green Tree deposits.
Resource classification has been considered with respect to various reporting ‘modifying factors’ as outlined in the JORC Code (Dec 2004). Consideration has been given to data quality, drilling and sample density, distances of interpolated blocks from assays points and the associated statistical local spatial distribution of gold and estimation variances.
The Dulcie resource was estimated using Ordinary Kriging within a wireframe of laterite using 20m by 20m by 1m blocks. The resources for all other deposits are estimates of recoverable tonnes and grades using Multiple Indicator Kriging with block support correction into model blocks customised to the average drill hole spacing for each deposit and assuming smallest mining unit for ore selection in mine grade control of 3 metres (across the general strike of mineralisation) by 5 metres (along strike) by 2.5 metres (elevation).
Resource assaying data sets derived from all available reverse circulation and diamond drill sampling.
Geology ‘rock mass’ models and interpreted fault or shear zones have been used to constrain mineralisation as appropriate.
Weathering domains have been used to constrain mineralisation and help assign representative bulk density estimates.
Bulk densities are based on testwork carried out by SXG and previous companies.
Data density varies and is reflected in the resource category which has been applied. All measured resources have a drill-hole density of approximately 12.5m x 12.5m. All indicated resources except Dulcie and Battler have a drill-hole density of approximately 25m x 25m. Dulcie has a drill density of 40m x 40m. Battler has a drill density of 20m x 12.5m. Inferred resources have variable density but always less than 50m x 50m except for Mt King which has variable drill-hole spacing between 25m and 100m and the Barranco Option resources which have an approximate drill hole spacing of 100m x 20m and were assigned an Inferred Resource status.
Assays are generally fire assay, with limited aqua regia assays in the weathered zone.
All drill-hole collars are surveyed by GPS). Down hole survey data is limited for historic drilling, except at British Hill, where most drill-holes are surveyed. All SXG’s drilling has adequate down hole survey information.
A lower reporting cut-off of 1.0 g/t Au has been used except at Dulcie where a lower cut-off of 0.4g/t Au has been used.
The resource estimation for Barranco Option resources was by polygonal cross-sectional methodology with the mean of all assays within a polygon used as the calculated grade.

JORC Code Compliance Statement

The geological information in the report to which this statement is attached that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Richard Simmons who is a Member of The Australasian Institute of Mining and Metallurgy. Richard Simmons is a full time employee of Southern Cross Goldfields Limited. Richard Simmons has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Richard Simmons consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The resource estimation of the King Brown deposit is based on work completed by independent consultant Mr Don Maclean of Ravensgate Minerals Industry Consultants based on resource drilling data sets provided by SXG. Mr Maclean is a Member of The Australasian Institute of Mining and Metallurgy and qualifies as a Competent Person in respect of the 2004 JORC code and has sufficient experience relevant to the style of mineralisation and deposit type being estimated. Mr Maclean has consented to the inclusion of this information in the form and context in which it appears in this report.

Resource esource estimations for the Golden Orb deposit in the Jackson Trend Area as well as the Battler deposit in the Parker Range Project Area is based on work completed by independent consultant Mr Stephen Hyland of Ravensgate Minerals Industry Consultants which is based on resource drilling data sets provided by SXG. Mr Hyland is a Fellow of The Australasian Institute of Mining and Metallurgy and qualifies as a Competent Person in respect of the 2004 JORC code and has sufficient experience relevant to the style of mineralisation and deposit type being estimated. Mr Hyland has consented to the inclusion of this information in the form and context in which it appears in this report.

The updated resource estimations for the Marda Project Area deposits, including the Python, Dolly Pot, Dugite, Goldstream, Cobra, Taipan and Green Tree deposits were also carried out by Mr Stephen Hyland again utilizing resource drilling data sets provided by SXG. Mr Hyland is a Principal Consultant with Ravensgate Minerals Industry and is also a Fellow of the The Australasian Institute of Mining and Metallurgy. Mr Hyland has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Hyland also consents to the inclusion in the report of the resource estimation matters for these deposits based on the reporting information in the form and context in which it appears.

The resource estimation of the Dulcie deposit is based on work completed by Mr Jonathon Abbott utilising resource drilling data sets provided by SXG. Mr Abbott is a full time employee of Hellman and Schofield Pty Ltd and a member of the Australasian Institute of Mining and Metallurgy. Mr Abbott has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Abbott consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The resource estimation of the Red Legs and Die Hardy deposits is based on information compiled by Mr A J Maynard, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Maynard has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the 'Australasian Code for Reporting of Exploration Targets, Exploration Results, Mineral Resources and Ore Reserves'.

The geophysical data and interpretations have been reviewed by William Amann of Newexco Services Pty Ltd. Mr Amann consents to the inclusion of these interpretations in the form and context in which they appear.