The Citronen Zinc-Lead Project represents one of the world’s largest undeveloped zinc-lead resources with a resource in excess of 13 billion pounds of contained zinc and lead metal. The project is located in northern Greenland, a self-governed part of the Kingdom of Denmark and has a low level of sovereign risk. To date in excess of 67,000m of diamond drilling has been completed at the Citronen Project. The current resource (January 2012) for Citronen is:

Medium grade resource of:

Using Ordinary Kriging interpolation and reported at a 3.5% Zn cut-off

Figures rounded to one decimal place

within a larger resource of:

Using Ordinary Kriging interpolation and reported at a 2.0% Zn cut-off

Figures rounded to one decimal place

For further information relating to the resource estimate, please see the ASX Announcement #132- Resource Upgrade at Citronen on the Investor Relations page.