Quarterly Activities Report - 1 July to 30 September 2011 - Discovery ...

Mineral Resources
The total Mineral Resources and Ore Reserves for the Boseto Copper Project, reported in accordance with
The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC
Code, “2004 Edition”), at a cut‐off of 0.6% Cu, are:
Mineral Resources
ZETA PLUTUS & PETRA TOTAL
Mt Cu (%) Ag (g/t) Mt Cu (%) Ag (g/t) Mt Cu (%) Ag (g/t)
Measured 4.6 1.6 23.5 0.1 1.3 11.4 4.7 1.6 23.2
Indicated 12.4 1.5 26.1 11.5 1.4 14.1 23.9 1.5 20.3
Subtotal M&I 17.0 1.5 25.4 11.6 1.4 14.1 28.6 1.5 20.8
Inferred 27.1 1.2 20.0 55.8 1.4 14.8 82.9 1.3 16.5
Total Mineral Resources 44.1 1.3 22.1 67.4 1.4 14.7 111.5 1.4 17.6
Mineral Resources are reported at a cut‐off grade of 0.6% Cu.
Please refer to Competent Persons Statement
Ore Reserves
The Mineral Resource is inclusive of High Grade Ore Reserves at a cut‐off of 0.6% Cu.
High Grade Ore Reserves
ZETA PLUTUS & PETRA TOTAL
Mt Cu (%) Ag (g/t) Mt Cu (%) Ag (g/t) Mt Cu (%) Ag (g/t)
Proved 4.0 1.6 22.1 0.2 1.3 11.7 4.2 1.6 21.6
Probable 6.5 1.5 23.5 11.1 1.3 13.7 17.6 1.4 17.3
High Grade Ore Reserves 10.5 1.5 23.0 11.3 1.3 13.7 21.8 1.4 18.2
High Grade Reserves reported at a cut‐off grade of 0.6% Cu
Please refer to Competent Persons Statement
Competent Persons Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr Fred Nhiwatiwa who is a
Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and Mr Wallace Mackay who is a Member of the
Australian Institute of Geoscientists. Mr Nhiwatiwa and Mr Mackay are full‐time employees of Discovery Metals Limited. Messrs
Nhiwatiwa and Mackay have sufficient experience which is 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”.
The information in this report as it relates to the Zeta, Plutus and Petra Mineral Resources for the Boseto Copper Project was
reviewed by David Arnott, who is a MAusIMM. Mr Arnott is employed fulltime by Snowden Mining Industry Consultants Pty Ltd
(Snowden). Mr Arnott has sufficient experience which is 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”.
The information in this report as it relates to the Ore Reserves is based on information reviewed by Mr Peter Myers, who is a
MAusIMM and a fulltime employee of Snowden. Mr Myers has sufficient experience which is relevant to the style of mineralisation
and type of deposit under consideration and to the preparation of mining studies 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”.
The information in this report as it relates to the Dikoloti Mineral Resource was reviewed by Mr Stefan Mujdrica of Xstract Mining
Consultants Pty Ltd. At the time of reviewing the reported Mineral Resource, Mr Mujdrica was employed by Snowden. Mr Mujdrica
is a MAusIMM and has sufficient experience which is 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”.
Messrs Nhiwatiwa, Mackay, Arnott, Myers and Mujdrica consent to the inclusion in this report of the matters based on information
provided by them and in the form and context in which it appears.
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