Mincor Resources NL - Resources & Reserves

Mineral Resources as at 30 June 2012

	MEASURED		INDICATED		INFERRED		TOTAL
Resource	Tonnes	Ni (%)	Tonnes	Ni (%)	Tonnes	Ni (%)	Tonnes	Ni (%)	Ni Tonnes
Mariners 2012 2011	112,000 125,000	4.8 3.6	332,000 417,000	4.5 4.8	78,000 65,000	3.6 3.5	521,000 608,000	4.5 4.4	23,300 26,900
Redross 2012 2011	39,000 31,000	4.9 5.1	138,000 138,000	2.9 2.9	67,000 67,000	2.9 2.9	244,000 236,000	3.2 3.2	7,900 7,500
Burnett 2012 2011	- -	- -	121,000 121,000	4.8 4.8	98,000 -	2.2 -	219,000 121,000	3.6 4.8	7,900 5,700
Miitel 2012 2011	132,000 175,000	3.7 4.2	306,000 263,000	4.2 3.1	333,000 545,000	3.1 3.0	771,000 983,000	3.6 3.2	28,000 31,700
Wannaway 2012 2011	- -	- -	110,000 123,000	2.6 2.6	16,000 16,000	6.6 6.6	126,000 139,000	3.1 3.0	3,900 4,200
Carnilya Hill* 2012 2011	40,000 63,000	3.8 4.1	40,000 41,000	2.2 2.3	- -	- -	80,000 104,000	3.0 3.4	2,400 3,500
Otter Juan 2012 2011	18,000 45,000	4.0 3.3	114,000 114,000	4.7 4.7	79,000 79,000	2.3 2.3	211,000 238,000	3.8 3.7	8,000 8,700
McMahon/ Ken 2012** 2011	70,000 -	4.5 -	67,000 264,000	3.3 2.9	203,000 79,000	3.4 6.2	340,000 343,000	3.6 3.7	12,400 12,600
Durkin 2012 2011	- -	- -	251,000 251,000	5.2 5.2	115,000 127,000	4.9 5.0	366,000 378,000	5.1 5.1	18,600 19,300
Gellatly 2012 2011	- -	- -	29,000 29,000	3.4 3.4	- -	- -	29,000 29,000	3.4 3.4	1,000 1,000
Stockwell 2012 2011	- -	- -	554,000 557,000	3.0 3.1	- -	- -	554,000 557,000	3.0 3.1	16,700 17,100
Cameron 2012 2011	- -	- -	96,000 96,000	3.3 3.3	- -	- -	96,000 96,000	3.3 3.3	3,200 3,200
GRAND TOTAL 2012 2011	411,000 439,000	4.3 4.0	2,158,000 2,414,000	3.8 3.7	989,000 978,000	3.3 3.5	3,557,000 3,832,000	3.7 3.7	133,300 141,400

Note that Resources are inclusive of Reserves.

Figures have been rounded and hence may not add up exactly to the given totals.

* Resources shown for Carnilya Hill are those attributable to Mincor - that is, 70% of the total Carnilya Hill Resource.

** McMahon/Ken also includes Coronet

The information in the table above that relates to Mineral Resources is based on information compiled by Mr Robert Hartley who is a full-time employee of Mincor Resources NL and has sufficient experience 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'. Mr Hartley consents to the inclusion of the table on this website based on his information in the form and context in which it appears.

Ore Reserves as at 30 June 2012

	PROVED		PROBABLE		TOTAL
Reserve	Tonnes	Ni (%)	Tonnes	Ni (%)	Tonnes	Ni (%)	Ni Tonnes
Mariners 2012 2011	53,000 49,000	4.3 2.9	267,000 329,000	3.9 3.8	320,000 378,000	4.0 3.7	12,700 13,900
Redross 2012 2011	49,000 33,000	3.3 3.5	- -	- -	49,000 33,000	3.3 3.5	1,600 1,200
Miitel 2012 2011	91,000 108,000	2.3 2.6	161,000 114,000	3.5 2.5	251,000 222,000	3.1 2.5	7,800 5,600
Wannaway 2012 2011	- -	- -	39,000 39,000	2.9 2.9	39,000 39,000	2.9 2.9	1,100 1,100
Carnilya Hill* 2012 2011	- 33,000	- 3.3	- -	- -	- 33,000	- 3.3	- 1,100
Otter Juan 2012 2011	12,000 40,000	3.3 3.6	- 14,000	- 3.8	12,000 54,000	3.3 3.6	400 2,000
McMahon/Ken 2012** 2011	72,000 -	3.2 -	4,000 242,000	1.6 2.4	76,000 242,000	3.1 2.4	2,300 5,600
GRAND TOTAL 2012 2011	277,000 263,000	3.1 3.0	471,000 738,000	3.7 3.1	747,000 1,001,000	3.5 3.0	25,900 30,500

Figures have been rounded and hence may not add up exactly to the given totals.

* Reserves for Carnilya Hill are those attributable to Mincor - that is, 70% of the total Carnilya Hill Reserve.

** McMahon/Ken also includes Coronet.

The information in the table above that relates to Ore Reserves is based on information compiled by Mr Brett Fowler who is a full-time employee of Mincor Resources NL and has sufficient experience 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 Fowler consents to the inclusion of the table on this website based on his information in the form and context in which it appears.