INTERESTS IN KOONENBERRY BELT

ELs 6400, 6424, 6464 and 7691 - NSW (100%)

Ausmon Resources Limited holds 100% interests in four ELs (EL 6400, 6424 6464 and 7691) covering a total area of 779 sq km in the highly prospective and under-explored Koonenberry Belt.

ELs 6400 and 6464 contains (contain) the extensive Grasmere and Peveril Cu-Zn-Ag-Au deposits, which contain an indicated and inferred JORC compliant resource of 5.75 Mt (million tonnes) @ 1.03% Cu, 0.35% Zn, 2.3 g/t (gram/tonne) Ag and 0.05 g/t Au (Inferred: 2.73 Mt grading 0.9% copper, 0.4% zinc. 0.04 g/t gold and 2.05 g/t silver. Indicated: 3.02 Mt grading 1.15% copper, 0.3% zinc, 0.06 g/t gold, and 2.53 g/t silver).

The resource is open in both directions and down dip, and has strong affinities with Besshi type VMS deposits. Besshi type deposits occur in Canada, Japan and elsewhere. They are known to be concordant, continuing for large distances along strike and down dip, often in stacked lenses. Tonnages are large, ranging from 15 to 300 million tonnes, with geochemical and mineralogical signatures very similar to those seen at Peveril and Grasmere.

EL 6424 contains the historic Wertago Copper Field and Nutherungie Silver Field, both of which are considered highly prospective and underexplored.