From (m)

To (m)

Interval (m)

Copper %

Gold g/t (ppm)

114

136

22

0.49

0.50

142

182

40

0.81

2.04

198

208

10

0.47

1.40

218

246

28

0.71

1.45

254

258

4

0.42

0.29

334

351.6

17.6

0.45

0.27

From (m)

To (m)

Interval (m)

Copper %

Gold g/t (ppm)

20

36

16

0.21

0.59

92

270

178

0.48

0.93

314

351.6

37.6

0.38

0.19

Hole ID

From

(m)

To

(m)

Lgth

Sample

ID

Wt

(kg)

Bit

Size

Sample

type

QA

QC

Comment

4m Au

Comp ppm

QA

QC

Cu

ppm

QA

QC

% % %

8m 4m 4m

Metres @ Cu%

Au

g/t

Ag

ppm

Mo

ppm

Re

ppm

S%

GCHD474

272

274

2

A34905

7.4

HQ

HCORE

U

0.07

1150

0.69

10

0.032

1.19

GCHD474

274

276

2

A34906

7

HQ

HCORE

U

0.06

1150

0.61

11

0.029

0.23

GCHD474

276

278

2

A34907

7.1

HQ

HCORE

U

0.07

871

0.53

10

0.026

0.68

GCHD474

278

280

2

A34908

7.8

HQ

HCORE

U

0.14

1925

0.90

13

0.036

2.20

GCHD474

280

282

2

A34909

7.2

HQ

HCORE

U

0.15

1935

1.07

16

0.035

1.60

GCHD474

282

284

2

A34910

7.1

HQ

HCORE

U

0.09

1435

0.78

13

0.031

0.66

GCHD474

284

286

2

A34911

8

HQ

HCORE

U

0.02

635

0.35

8

0.030

0.24

GCHD474

286

288

2

A34912

7.3

HQ

HCORE

U

0.09

1860

1.07

10

0.056

1.24

GCHD474

288

290

2

A34913

7.8

HQ

HCORE

U

0.06

1420

0.75

11

0.034

0.91

GCHD474

290

292

2

A34914

7.5

HQ

HCORE

U

0.04

840

0.57

13

0.038

0.46

GCHD474

292

294

2

A34915

7.8

HQ

HCORE

U

0.08

2080

1.33

14

0.034

1.14

GCHD474

294

296

2

A34916

6.2

HQ

HCORE

U

0.02

718

0.59

11

0.046

0.46

GCHD474

296

298

2

A34917

8.3

HQ

HCORE

U

0.02

750

0.58

11

0.038

0.56

GCHD474

296

298

A34917R

CRUSH

DUP

0.02

804

0.59

12

0.038

0.61

GCHD474

298

300

2

A34918

7.2

HQ

HCORE

U

0.02

350

0.25

12

0.026

0.23

GCHD474

300

302

2

A34919

7.1

HQ

HCORE

U

0.30

2950

2.23

26

0.098

1.32

GCHD474

302

304

2

A34920

7.4

HQ

HCORE

U

0.05

1280

0.88

85

0.129

1.18

GCHD474

304

306

2

A34921

7.2

HQ

HCORE

U

0.03

379

0.32

8

0.025

1.18

GCHD474

306

308

2

A34922

7.8

HQ

HCORE

U

0.03

641

0.42

10

0.031

1.25

GCHD474

308

310

2

A34923

8.2

HQ

HCORE

U

0.04

851

0.50

8

0.015

0.54

GCHD474

310

312

2

A34924

7.4

HQ

HCORE

U

0.03

881

0.59

9

0.022

0.50

GCHD474

312

314

2

A34925

8.6

HQ

HCORE

U

0.02

556

0.42

10

0.026

0.54

GCHD474

314

316

2

A34926

7.3

HQ

HCORE

U

0.14

3710

1.31

96

0.369

1.46

GCHD474

316

318

2

A34927

7.4

HQ

HCORE

U

0.11

3200

1.00

30

0.141

1.06

GCHD474

318

320

2

A34928

7.4

HQ

HCORE

U

0.12

3690

1.35

28

0.124

1.21

GCHD474

320

322

2

A34929

7.2

HQ

HCORE

U

0.07

2810

0.76

12

0.057

1.28

GCHD474

322

324

2

A34930

7.3

HQ

HCORE

U

0.08

2870

0.96

7

0.037

1.09

GCHD474

324

326

2

A34931

7.8

HQ

HCORE

U

0.09

3620

1.17

14

0.071

0.95

GCHD474

326

328

2

A34932

8.4

HQ

HCORE

U

0.12

3010

1.24

15

0.071

1.25

GCHD474

A34933

PULP

STD

CHMG_01

0.30

2440

1.49

8

0.058

2.58

GCHD474

328

330

2

A34934

7

HQ

HCORE

U

0.12

3240

1.37

19

0.085

0.78

GCHD474

330

332

2

A34935

7.8

HQ

HCORE

U

0.12

3050

0.92

9

0.032

0.49

GCHD474

332

334

2

A34936

7

HQ

HCORE

U

0.19

3310

7.56

18

0.054

0.97

GCHD474

334

336

2

A34937

7.7

HQ

HCORE

U

0.19

4270

2.13

4

0.021

1.03

GCHD474

334

336

A34937R

CRUSH

DUP

0.18

4120

2.16

4

0.024

1.02

GCHD474

336

338

2

A34938

7

HQ

HCORE

U

0.35

5750

1.98

8

0.024

1.18

GCHD474

338

340

2

A34939

7.6

HQ

HCORE

U

0.22

4950

1.85

14

0.026

2.37

GCHD474

340

342

2

A34940

6.8

HQ

HCORE

U

0.42

6120

1.84

13

0.039

0.92

GCHD474

342

344

2

A34941

8.2

HQ

HCORE

U

0.25

4190

1.43

15

0.063

0.50

GCHD474

344

346

2

A34942

7.6

HQ

HCORE

U

0.23

4470

1.75

6

0.030

0.86

GCHD474

346

348

2

A34943

7.5

HQ

HCORE

U

0.36

3810

1.68

4

0.014

1.01

GCHD474

348

350

2

A34944

7.2

HQ

HCORE

U

0.18

2900

1.28

12

0.048

1.07

GCHD474

350

352

1.6

A34945

7

HQ

HCORE

U

0.17

4090

17.6m @ 0.45%

0.26

1.32

25

0.095

0.58

37.6m @ 0.38%

0.18

37.6m @ 0.38%

0.18

Criteria

JORC Code explanation

Commentary

Sampling techniques

 Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools

appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

 Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

 Core drilling samples using PQ and HQ -sized core were cut using a diamond saw and half core sent for assay. Broken sections (0 to 36

metres) were sampled using best efforts to maintain representative samples. Core losses were recorded and lost core zones given zero grade.

Drilling techniques

 Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter,

triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

 Core drilling (PQ & HQ triple tube.)

 Core orientation using Reflex ACE System

Drill sample recovery

 Method of recording and assessing core and chip sample recoveries and results assessed.

 Measures taken to maximise sample recovery and ensure representative nature of the samples.

 Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential

loss/gain of fine/coarse material.

 Core recoveries at Copper Hill are generally excellent. Interval 0 to 36 metres: rubble then core/rubble combined. Is regarded as being

representative of the interval sampled.

 All samples are weighed - see assay table for details

Logging

 Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate

Mineral Resource estimation, mining studies and metallurgical studies.

 Whether logging is qualitative or quantitative in nature. Core (or

costean, channel, etc) photography.

 The total length and percentage of the relevant intersections logged.

 Logging was carried out at a level commensurate with an advanced exploration/development program with lithologies, mineralisation,

alteration, faults, fractures and other geotechnical aspects noted sufficient for mining studies

 Logging was both qualitative and quantitative. Half core was retained

and all core photographed wet and dry.

 Hole GCHD474 was logged in detail over its full length.

Sub-

sampling techniques and sample preparation

 If core, whether cut or sawn and whether quarter, half or all core

taken.

 If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

 For all sample types, the nature, quality and appropriateness of the sample preparation technique.

 Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

 Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

 Whether sample sizes are appropriate to the grain size of the material being sampled.

 Core - sawn, half core sent for assay, half core retained

 All necessary steps taken to avoid contamination between samples.

 Seven duplicate, six standards and one blank were inserted (see table above).

 Pulps retained at lab.

Quality of assay data

and laboratory

tests

 The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is

considered partial or total.

 For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors

applied and their derivation, etc.

 Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

 All base metal assays tested after crushing to -80#, multiple acid digest and testing by ALS method ME-MS61 (48 elements, low detection

levels). All gold assays by 50g Fire Assay, ALS method Au-AA26

 Standard samples prepared by a qualified/registered laboratory (ALS)

 All samples tested by ALS Orange with internal checks, matching checks with other ALS labs and annual 'round robin' comparisons with competitor labs.

 Acceptable levels of accuracy and precision have been established

Verification

of sampling and assaying

 The verification of significant intersections by either independent or alternative company personnel.

 The use of twinned holes.

 Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

 Discuss any adjustment to assay data.

 No independent verification was carried out

 No twinned holes were drilled

 Drill logs are hard copy, assays stored as spreadsheets as reported by

ALS then matched to drill hole interval and stored digitally

 Weighted adjustments to assay data in lost core/rubble zones.

Location of

 Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other

 Drill hole collar locations by GPS and DGPS, down-hole Reflex Gyro

 MGA (GDA) grid system

Criteria

JORC Code explanation

Commentary

data points

locations used in Mineral Resource estimation.

 Specification of the grid system used.

 Quality and adequacy of topographic control.

 Topographic control adequate for exploration and Inferred, Indicated and Measured Resource calculations

Data spacing and

distribution

 Data spacing for reporting of Exploration Results.

 Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

 Whether sample compositing has been applied.

 Sampled at 2 metre intervals.

 4 metre composites to 100 metres, then 2 metre intervals to EOH.

Orientation

of data in relation to geological structure

 Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known,

considering the deposit type.

 If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

 Copper Hill shows typical 'porphyry-style' mineralisation with

mineralisation disseminated and veined within porphyry intrusions and in veins and breccias within the adjacent country rock.

 GCHD474 was drilled to test zones between previous core and reverse circulation drill holes adjacent to a higher grade dilation zone within the overall Copper Hill igneous complex. The orientation of the mineralised zone is based on the previous drilling results and on structural mapping (Cyprus Minerals) and recent detailed core structural measurements.

Sample

security

 The measures taken to ensure sample security.

 No specific security measures were taken. The ALS Laboratory is 40

kilometres from Copper Hill and GCR's trained staff prepared and transported all samples.

Audits or

reviews

 The results of any audits or reviews of sampling techniques and data.

 No audits have been carried out specifically on the sampling techniques and data in this report but procedures followed the

techniques set out in a report to GCR by Dr Colin Brooks. Internal QA/QC reviews are made for each new drill hole to consider potential problems and an in-house procedure manual sets out all requirements.

Criteria

JORC Code explanation

Commentary

Mineral tenement

and land tenure

status

 Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint

ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

 The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the

area.

 The Copper Hill - Molong Project is held 100% by GCR under EL6391 (33 units, 95 square kilometres).

 NSW Trade & Investment's Mineral Exploration Assessment

Department has granted renewal of 33 units (100%) to 10th March

2016.

Exploration

done by other parties

 Acknowledgment and appraisal of exploration by other parties.

 Since 1960's Anaconda, Amax Australia, Le Nickel, Homestake, Cyprus

Minerals, Newcrest and MIM Ltd.

Geology

 Deposit type, geological setting and style of mineralisation.

 Porphyry-style; tonalite-dacite intrusions into andesitic island-arc volcanics with copper-gold in disseminations, sheeted veins, stockworks and breccias

Drill hole

Information

 A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

o easting and northing of the drill hole collar

o elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

o dip and azimuth of the hole

o down hole length and interception depth

o hole length.

 If the exclusion of this information is justified on the basis that the

information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

Hole ID Easting Northing mRL Dip Azi(mag) Depth

GCHD474 674743 6341335 1,586 -60° 220° 351.6m

Data aggregation

methods

 In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high

grades) and cut-off grades are usually Material and should be stated.

 Where aggregate intercepts incorporate short lengths of high

grade results and longer lengths of low grade results, the

 0.2% copper cut-off grade with maximum

8m.

 0.4% copper cut-off grade with maximum

reflect differing sample lengths where they occur.

Criteria

JORC Code explanation

Commentary

procedure used for such aggregation should be stated and some

typical examples of such aggregations should be shown in detail.

 The assumptions used for any reporting of metal equivalent values should be clearly stated.

Relationship

between mineralisatio n widths and intercept lengths

 These relationships are particularly important in the reporting of

Exploration Results.

 If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

 If it is not known and only the down hole lengths are reported,

there should be a clear statement to this effect (eg 'down hole length, true width not known').

 Higher grade mineralised zones are sub-vertical to steeply east dipping in orientation within a broad envelope of weakly mineralised

intrusions with some barren dykes. In this situation discussion of the geometry does not have the same relevance as drilling veins or layers as in VMS deposits but with a 65 degree hole inclination the zone has been intersected at 60 degrees and the 'true width' will be approximately 65% of the reported width.

Diagrams

 Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being

reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

 Drill sections, plans and figures are included in the report

Balanced

reporting

 Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting

of Exploration Results.



 All assay results are set out in the table in the report

Other substantive

exploration data

 Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations;

geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock

characteristics; potential deleterious or contaminating substances.

 Previously reported

Further work

 The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

 Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

 This hole is the sixth in a planned program of 5000 metres of core drilling at Copper Hill. The program has been suspended to assess the

data. And recalculate the resource to comply with 2012-JORC

requirements.