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SEPTEMBER 2011 QUARTERLY REPORT

RESOURCE DELINEATION C0NTINUES AT LAKUWAHI PROJECT; COMMENCES DRILLING AT NORTH ROMANG

KEY POINTS

Six diamond drill rigs progressing resource delineation work at Lakuwahi Project
- On target for release of JORC Resource Estimate in Q2 FY2012

Drilling commences on the prospective North Romang Project

Completion of extensional 3D IP-Resistivity survey at the Lakuwahi Project
- Additional quality resistivity anomalies identified

Signs definitive agreements and completes transaction with strategic Indonesian partner
- Fully funded to continue drilling and development of both Romang North and Lakuwahi (South) projects

Acquires 100% interest in JAMM Investment Consolidations Pty Ltd., a company engaged in the exploration for gold, copper and silver in the Philippines.


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