EL 1043

Ownership: 100% Copper Quest (PNG) Limited

47

Semi-massive and massive sulphide copper-gold (molybdenum) systems at Nakru-1 and Nakru-2.

Nakru-1: 19 drill holes (2605.4 metres)
Drill results include:
213.75m at 0.92% Cu and 0.33g/t Au including 13.55m at 2.8% Cu and 22.25m at 1.47% Cu in an upper zone of secondary enrichment, at 64m depth. Mineralisation is associated with a large I.P. geophysical anomaly requiring further drill testing to determine geometry of the deposit.

Nakru-2: 2 drill holes (412 metres)
26m at 1.65% copper including a 7m thick lens of copper grading 3 to 4% copper at 25m depth. These are partly related to a large I.P. geophysical anomaly currently being further drill tested by Barrick.

EL 1077

Ownership: 100% Copper Quest (PNG) Limited

47.84

Porphyry copper-gold-molybdenum system.

32 drill holes (6021 metres)

Inferred Resource of 200Mt at 0.47% copper equivalent (0.36% Cu, 61ppm Mo, 0.06g/t Au, 2g/t Ag).

Near surface enrichment blanket of 0.7% to 0.8% Cu.

Conceptual Mining Study shows further drilling is warranted to define a near surface resource of secondary copper enrichment. Further drilling by Barrick is currently underway to test for additional tonnage of copper mineralisation.

28km of surface bulldozer trenching completed.

32 diamond holes drilled (6021m)
Best drill results:
66m at 0.70% copper;
16m at 1.0% copper;
56m at 0.77% copper; including 16m at 1.24% copper, 266ppm molybdenum and 0.2g/t gold.

EL 1445

Ownership: 100% Copper Quest (PNG) Limited

75.18

Porphyry and massive sulphide style mineralisation occur along the regional mineralised Kulu-Awit copper belt. Our projects lie within this trend which has been historically explored with airborne geophysics and geochemical sampling.

Isme Creek rock sampleing during 2009 returned a sample of 9.47g/t gold, 7.94% zinc, 552g/t silver, 0.15% copper and 7.05% lead. This geochemical combination is similar to that encountered at our Nakru high grade copper system. At the Mt. Misusu prospect anomalous copper occurs over an area of 850 by 500 metres with one sample returning 1.07% copper and 109ppm molybdenum.

ELA 1782

Under application: 100% Copper Quest (PNG) Limited

763.1

Copper and gold prospects occur within this application which lies in a NW trending copper belt which includes the Mt. Likuruanga porphyry copper system. Ok Tedi Mining Ltd are undertaking airborne geophysics on the adjoining EL 1351 (Mt Likuruanga), Ok Tedi have a farm-in arrangement with Frontier Resources Ltd on EL 1351.

ELA 18131445

Under application: 100% Copper Quest (PNG) Limited

737.8

Visible copper mineralisation occur in samples near the south coast. Skarn, porphyry and breccia related copper mineralisation are targets within this tenement on the Kulu-Awit copper belt.