July 2011

Who is Xstract?
Xstract is a privately owned and operated resource and mining industry consultancy based in Australia, and operating globally.

This issue
Message from the MD P .1 Welcome Dr Isobel Clark P .2 Geostatistics Courses by Dr Isobel Clark P .3 Xstract in Mongolia P .4 Xstract Technical Talks P .5 Mozambique Coal Conference P .6 Economic Guidelines for Mineral Exploration Course by Dr Michael Doggett P .9 Xstract PairQA Software P .10 MRRT Overview P .11 New staff members P .13 Hot jobs at Xstract P .14 Xstract in pictures P .15 Meet us at... P .16

Old coal mine, China

Message from the Managing Director Mark Noppe

80% growth from our previous financial year

What does Xstract do?

Xstract provides independent, strategic and tactical advice, and personalised professional services to blue-chi p and premium clients in the fields of data management, environment, geology, resource / reserve estimation, mine engineering, process engineering, feasibility / operation studies, due diligence reviews, asset valuation and risk analysis across a wide range of mineral commodities and geographies.

Having completed our second full financial year of operation, it is extremely gratifying to report an 80% growth in staff and client activity over the previous year. Start up consultancies, and indeed even established consulting companies, often face the dilemma of we hire people first do and then win the work, or do we win the work and then seek the people. The nature of a mining consultancy like ours is that the work pi peline and duration of projects is mostly of a relatively short duration and it would be all but impossible, in my opinion, to tout for work without the people. We have been fervent in attracting those who we believe have the experience and fit to support the needs and expectations of our current and future clients, and this strategy

has so far been most successful. We have welcomed six new starters to our team in the past two months: Dr Isobel Clark (Geology Perth), Charlotte Nangolo (Mining Perth), Francois Grobler (Corporate Perth), Matthew Readford (Geology Brisbane), Bradley Offer (Mining Brisbane) and Doug Hutchinson (Geology Brisbane). Xstract is pleased to sponsor the undergraduate lectures in Resource/Reserve Estimation at the Mackay School of Mines, Reno, Nevada, 17 Oct to 18 Nov. We are also hosting Dr Michael Doggetts course Economic Guidelines for Mineral Exploration, Perth 7 to 11 Nov.

Chinese coal resources/reserve reporting and mine development

By Mark Noppe | Managing Director

I was very fortunate to visit a number of coal projects and mines in inner China recently. In addition to the opportunity to see the operations and facilities both on surface and underground, I had the opportunity to spend time reviewing and discussing the resource and reserve calculations, classification and reporting with senior Chinese experts. Furthermore, I was able to map out the process and permitting local private coal companies need to go though to ultimately be granted coal production licences.

Old coal mine infrastructure in China

There are couple of previous articles written by western consultancies on the Chinese and JORC Code comparison which I found useful background for my journey. However, being able to discuss and drill down into the details with the Chinese experts provided a valuable insight into the logic and interpretation of the 1999 Chinese Code with the 2004 JORC Code and the 2003 Australian Guidelines for Estimating and Reporting of Inventory Coal, Coal Resources and Coal Reserves. Of particular note is that in my interpretation the Chinese Sub to Marginal Economic Resource category is akin to Inventory Coal and not a Coal Resource, and that several of the categories termed Basic Reserves are actually Coal Resources since they report in-situ tonnages and coal qualities with no modifying mining factors applied. As for the remainder of the categories and how they are used, I was able to site and review technical reports, plans and sections supporting the reported resources and reserves as well as appreciate the sample spacing rules and their application when reporting Measured, Indicated and Inferred Resources. These were generally similar to those applied in Australia prior to the 2003 coal guidelines. For further information please contact Mark Noppe on mnoppe@xstractgroup.com

Xstract welcomes Dr Isobel Clark to the team

We are thrilled to announce that Dr Isobel Clark joined Xstract Mining Consultants on the 4 July 2011 Dr Isobel Clark as Princi pal Consultant in the areas of Mining, Geology Principal | Geology , Perth and Geostatistics, Training and Mentoring. Isobel is a professional Mining Engineer who has taught, researched and consulted in the field of geostatistics for almost 30 years. Isobel is well known as the author of the introductory text "Practical Geostatistics" (1979), and co-author of Practical Geostatistics 2000. Her experience covers the whole spectrum from public resource / reserve statements reporting under NI43101 and JORC Code through to working at the grade control stage in producing mines. Isobel has experience in a wide variety of minerals and mining methods on six continents and has been involved in resource estimation for most commodities, from coal to off-shore diamond projects. Mineralisation types range from stockwork through hydrothermal veins to massive sulphides, whilst resource and reserve estimates have been provided for mining methods including back-stoping, cut and fill, open stoping, room and pillar and open pit block-by-block evaluation. She is a Fellow of the IMMM and SAIMM, a Chartered Engineer in Europe, Qualified Person under the MMSA in the USA. 2

Geostatistics: 5 day com prehensive course

Perth 05 -09 Sep | Brisbane 19-23 Sep | Reno 17 Oct-18 Nov

Xstract Mining Consultants is offering the ultimate opportunity to expand your geostatistical knowledge. You have the opportunity to register for the comprehensive 5 day program incorporating 3 Day Introduction to Geostatistics and 2 Day Bring Your Own Data. Xstract is proud to be sponsoring Dr Isobel Clark to present the Undergraduate course in Mineral Resources and Reserve Estimation at the Mackay School of Mines, University of Nevada, Reno from 17 Oct to 18 Nov. Isobel will be available to present the 3 Day Introduction to Geostatistics course to Industry attendees during this period.

Dr Isobel Clark

Introduction to Geostatistics
3 Day course

Bring your own data for Geostatistical evaluation

2 Day Course

This course takes interested students from no knowledge of statistics or geostatistics through to the mysteries of ordinary kriging and its variants in 3 days. Isobel Clark dismantles the black box of geostatistics so that the capabilities and limitations can be clearly seen by all. No prior knowledge of statistics or geostatistics is required. A minimum of mathematics is necessary to explain the techniques. Classes are a mixture of lecture, discussion and computer-based practical exercises. The Practical Geostatistics 2000 teaching software is provided however partici pants may use their own preferred packages if available. All partici pants receive a copy of Practical Geostatistics 2000 in book form.

This course is ideal for those who have completed the Practical Introduction course or who have a similar level of knowledge in geostatistics. It allows partici pants to analyse their own data using the Practical Geostatistics 2000 teaching software under supervision. Partici pants should, if possible, bring their own data for independent study. Basic computer skills and a familiarity with PC Windows systems are an advantage but not essential. Partici pants may take away copies of all software and data sets and will be provided with a CD containing all relevant teaching material.

For bookings or enquiries contact:

Silke Stolze +61 7 3221 2366

sstolze@xstractgroup.com

For other courses run by Xstract please click here to be redirected to our website or visit our website at Xstractgroup.com 3

Xstract in Mongolia

Article written by John Everard, Senior Consultant | Geology | Perth

John Everard and Doug Hutchinson in Mongolia: At Berkh Gozgor Exploration Camp.

Over the past eight months I have been fortunate enough to work in Mongolia. For a geologist this is a land of opportunity as the country contains favourable geological environments for mineral resources. Another great advantage is that a large part of the country is under explored; which in turn, opens up endless possibilities. The companys foremost goal in working in Mongolia has been to prepare our clients for the 2011 field season.
John Everard in Mongolia discussing exploration with the local geologists.

Our work with the group of local young geologists, we have our work with them focused of developing and expanding their practical geological skills. While their education and geological knowledge is excellent, young geologists lacki in experience and therefore need guidance in dealing with day to day issues. In May, the offices in Ulaanbaatar were left behind for the wide-open spaces of the Mongolian countryside and thus began our fieldwork. Living in ger camps, the seasons fieldwork has so far focused on three exploration methods: geological mapping, geochemical and geophysics surveys. Early, but crucial, steps in the identifying mineralisation anomalies for further exploration in the coming months and new year. Soil sampling

A good proportion of days have been dedicated to organising work programmes, budgets, purchasing supplies and equi pment; discussing with drilling contractors and assay laboratories work requirements; and most importantly, working as a mentor to further educate our clients Mongolian geologists.

Stream sediment sampling

Cont, Article by John Everard

On my last tri p, I was fortunate enough to attend the opening ceremony of the 2011 Naadam Festival. The Naadam Festival is Mongolias major holiday and was a wonderful time to experience the culture and people of this amazing land. The opening ceremony featured marches and music from soldiers, monks and athletes; and this was all before the real fun began!

Opening of the Naadam Festival. Trooping of the White Banner representing peace in Mongolia.

During Naadam, the three sporting passions of Mongolians, horse racing, wrestling and archery, were played out over three days; it was a breath taking cultural experience. Having worked, travelled and made new friends in Mongolia, I can concur with the local saying Mongolia is a beautiful land.

Magnetite 101
Kristine Edwards of Calibre Global discussed Magnetite 101 this week in our Perth office It was a general information session about Magnetite Project development including general processing considerations, DTR development and other considerations. Interest was high with over 60 attendees.

Integrating China in Capital Project Planning and Supply Chains: The

Why, What Procurement and How of China

Xstract is pleased to host this presentation by Kobus van der Wath, Group Managing Director, The Beijing Axis

Please email Val Dekenah

vdekenah@xstractgroup.com

Please email Rebecca Summerville

rsummerville@xstractgroup.com

regarding this topic

For more information regarding this event.

Xstract hosts regular lunch-time seminar talks providing technical information and networking opportunities for our clients, colleagues and associates.

Overview of the Mozambique Coal Conference

Shaun Barry recently represented Xstract at the Mozambique Coal Conference in Maputo. The conference focused on new coal projects in the country and associated infrastructure constraints. While infrastructure problems are being addressed, progress is slow.

Article by Shaun Barry

Senior Consultant | Corporate

Shaun presented the Queensland infrastructure development plans as an international case study and drew some analogies with the Mozambique situation. The most striking analogy was the development of the Barney and Hay Point coal terminals in Queensland in response to the increased demand in coking coal to support the Japanese steel industry in the 1960s. The current high coking coal prices maybe the kick-start for Mozambique, but if anything, Shauns presentation highlighted the long way Mozambique still has to go in providing infrastructure for the new coal projects. The Mozambican Coal Development Association (AMDCM) forecast that mining projects are ready to deliver close to 50 Mtpa in the next five years, growing to 100 Mtpa by 2025; however, infrastructure may not be sufficient for this coal to access the export market. Numerous infrastructure studies by various interest groups are ongoing, but the key to infrastructure development will be Private-Public Partnershi ps (PPP). This legislation is currently being developed and should facilitate much needed private investment in the development of rail and port as suggested by Sal & Caldeira Lawyers. While PPP legislation formalises the process, this has been done through offering concession to private investors to develop as well as maintain and operate the infrastructure. Typically, these concessions are structured: CFM: (49% to 33%) and Private Investor: (51% to 67%) This should unlock the intrinsic value of Tete provinces large coal endowment. The objective of PPP and other legislation is to facilitate a new infrastructure and logistics strategy that is a multi-user, industry lead approach to infrastructure development with independent management according to AMDCM. Mozambique Ports and Railways (CFM) was established by the government some 100 years ago. While in the 1930s CFM established ports and railways, it also progressed into road and air transport. While little was done during the civil war from the late 1970s through to the early 1990s, since then CFM has been revitalised with a new mission to rebuild the railway and port systems in conjunction with the private sector to make it modern, competitive, efficient, financially viable and market orientated. CFM is divided into three regions; south, central and north. 6

Source: CFM

Mozambique Coal Conference cont...

During the 1980s and 1990s, CFM facilitated the investment of US$891 million in railways and ports for each of these regions. In the future, the princi ple projects in the central region are to: Upgrade the Beira-Moatize line from 6 to 12 Mtpa and the Beira-Machinpanda line to 3 Mtpa. Construct a coal terminal with a capacity of 5 Mtpa, increasing to 14 and then 20 Mtpa. In the northern region, development is focused on the refurbishment of the railway lines and the port of Nacala, the construction of a coal terminal, and establishing a tax free zone at Nacala. In 2002, the Mozambique government put management of the whole Beira rail system (both the Sena line and the Beira-Zimbabwe line) out to tender. The tender process was supervised by the World Bank. Awarded to the Indian companies Rites and Ircon International, who then formed the consortium Ricon. Caminhos de ferro do Beira (CCFB), the Beira Railroad Company, was then set up, with 51% of the shares held by Ricon and 49% by CFM. The contract sti pulated that the entire system should be rehabilitated by January 2009. Reconstruction of the 600 km Sena railway line that connects Moatize district to the port of Beira has been plagued with problems, forcing authorities to reconsider their contract with Indian consortium Ricon. Although the work has finished on the Sena line, it reportedly can only carry 4 Mtpa, 2 Mtpa short of the contracted standards. This in itself would cap 4 Mtpa allocated to Vale and 2 Mtpa to Riversdale, less than half the companies' respective export goals. Though work is also unfinished on the coal terminal at the port of Beira, officials have sought to reassure the mining companies that they will be able to get their product to market. Dredging of the Pungue River channel back to 8 m below chart datum and refurbishment of Berth 8 to load Handymax bulk carriers (45,000 t) and two purpose-built vessels for Vale's 4 Mt per year capacity is being undertaken. Work carried out by Mott MacDonald, a civil engineering firm that presented at the conference, showed the three options to ultimately take the port of Beira to 25Mtpa of coal. Option A is currently being undertaken, with the refurbishment of Berth 8. Option B is a new terminal with three berths and 18 Mtpa design capacity. Option C is the Savane Terminal with an off-shore jetty, 2 berths for Panamax size vessels and design capacity of 25 Mtpa. On January 10, 2005, the second phase of the North Development Corridor concession was completed, to rehabilitate and manage the Nacala Corridor for a 15-year period. Source: Mott MacDonald

Mozambique Coal Conference cont...

The Nacala Corridor consists of the Port of Nacala, the Northern Railway network, and the railway system of Malawi. The project includes: Rehabilitation of the 77 km section of the line between Cuamba and the border with Malawi at Entre Lagos Improvement of Malawis rail system to improve drainage and reduce line interruptions during the annual rains Refurbishment of the largest natural deep-water port on the east African coast at Nacala. In 2010, Vale exercised an option to own a stake in the concession. In April 2011, the company signed a memorandum of understanding with the Malawi government to build 167 km of line across the country's southern end, giving it access to the Mozambique, Cuamba to Nacala line. This long term logistic strategy of Vales, to export coal from Moatize, will have a total rail distance from Moatize to the Nacala port of 930 km. Mott MacDonald presented a study for a 40 Mtpa coal terminal at Nacala, expandable to 100 Mtpa. Dredging would be required giving three berths load capabilities for capesize (120,000 t) vessels. Two complete new rail options, a northerly route through Malawi and a southerly route through Mozambique, were also investigated by Mott MacDonald using new technology for both track and rolling stock. This system would be capable of delivering a stated coal volume of 40 Mtpa, with design capacity to address 60 Mtpa, expandable to 100 Mtpa. It was concluded that a coal supply chain from Tete Province to port of Nacala was deemed feasible with a free-on-board cost of less than US$30/ton. While the development of the Moatize coal deposit is driven by the strong demand in the metallurgical coal market, it is also geographically well-placed to be competitive in both the Asia-Pacific and Atlantic markets. However, in order to capitalise on its natural endowments, Mozambique must improve its infrastructure capacity. Source: Mott MacDonald

For further information please contact Shaun Barry sbarry@xstractgroup.com 8

Economic Guidelines for Mineral Exploration 5 Day course in Perth, 7-11 November 2011
DR MICHAEL DOGGETT
Xstract Mining Consultants is providing this special opportunity to attend Dr Michael Doggetts Economic Guidelines for Mineral Exploration course in Australia. Dr. Michael Doggett is a resource investment and mining advisory specialist based in Canada He has 25 years experience in the field of mineral economics advising mining companies, governments and international agencies on issues related to project evaluation, mineral taxation, and industry exploration trends. He has delivered professional development programs in mineral project evaluation to more than 1,200 people in a dozen countries. Dr. Doggett is an Adjunct Professor at Queens University where he served as Director of the Mineral Exploration Masters Program from 1997 to 2007. He is a Director of the Prospectors and Developers Association of Canada and serves on the Board of Directors of six publically traded exploration and mining companies. He has recently been named as a Distinguished Lecturer of the Canadian Institute of Mining, Metallurgy and Petroleum for 2010-2011. He has served as the Society of Economic Geologists International Exchange lecturer in 2005 and in 2002 he was the reci pient of the Robert Elver Mineral Economics Award of the CIM.

Course overview
The course is designed to introduce the techniques used to assess and value mineral projects. The focus is on the costs, risks and returns associated with the mineral exploration and feasibility phases of the mineral supply process whereby unknown mineral deposits are discovered, developed and produced. The course integrates the technical information related to mineral deposits with the economic assessments required to make proper investment decisions in the minerals industry. Course content includes revenue and costs aspects of cash flows, discounted cash flows taxation, sensitivity and risk analysis, and establishing minimum exploration conditions. International case studies will be used to highlight the course material and provide a highly applied approach to mineral project evaluation. The course will be delivered over a 5-day intensive program integrating lectures by the course leader and group assignments for course partici pants. The course is structured so as to be highly applied and maximize interaction of course leaders and partici pants. An integral part of the course is small group work whereby partici pants in the course are divided into smaller groups of five to discuss and com plete assignments and industry case studies based on each segment of the course material. Each group will be responsible for presenting their assignments to the class.

For further information please contact:

Silke Stolze +61 7 3221 2366

sstolze@xstractgroup.com

This Months Q&A

Q: When reviewing sampling QA/QC, what level of precision is enough and what is acceptable precision?

A:

One answer to this question is to calculate the average coefficient of variation (CVAVR (%)) and perform reduced major Axis regressions (RMA). The results of these tests can provide an indication as to whether duplicate samples fall within acceptable limits.

Xstract now offers a software tool to perform this analysis, PairQA.

To find out more regarding this topic turn to page 10. 9

Pair QA
Written and developed by Nick Anderson | Consultant, Technologies and James Carpenter | Senior Consultant, Geology
PairQAis a software program created by Xstract Mining Consultants. It calculates the Average Coefficient of Variation (CVAVR (%)) and the Reduced Major Axis Regression (RMA), the purpose of which is to define an unbiased measurement of error for duplicate samples. The software is based on published work on the Average Coefficient of Variation (Stanley and Lawie, 2007), (Abzalov, 2008), and for the Reduced Major Axis Regression (Sinclair and Blackwell, 2002). PairQA was created to provide fast, simple to use and reliable access to CoV and RMA calculations. This software is customised to read in duplicate sample data from a CSV file, and perform the analysis without further supervision or intervention. From the analysis, CoV and RMA values are shown, as well as a scatter chart showing the duplicates plotted against each other with the regression line to visually show the user how their data fits.

To Download Please visit our website, and navigate to Our services->Technologies ->PairQA to be taken to the PairQA pages, where you will find the download link. PairQA is Microsoft Windows compatible.

References Abzalov M., 2008. Quality Control of Assay Data: A Review of Procedures for Measuring and Monitoring Precision and Accuracy. Exploration and Mining Geology, Vol. 17, Nos 3-4, p. 131-144. Canadian Institute of Mining, Metallurgy and Petroleum. Sinclair A. J, Blackwell G. H., 2002. Applied Mineral Inventory Estimation. Cambridge, UK: Cambridge University Press. Stanley C. R., Lawie, D., 2007. Average Relative Error in Geochemical Determinations: Clarification, Calculation and a Plea for Consistency. Exploration and Mining Geology, Vol. 16, Nos 3-4, p. 267-275. Canadian Institute of Mining, Metallurgy and Petroleum.

For further information on Pair QA please contact Nick Anderson nanderson@xstractgroup.com. 10

Mineral Resource Rent Tax (MRRT)

Written and developed by Colin Hannah | Princi pal Consultant, Corporate

Background The Mineral Rent Resource Tax (MRRT) Draft Legislation was released by the Federal Government in June 2011, bringing to a close almost a year of speculation and uncertainty as to its contents. The pathway towards this legislation started in July 2010 with the Resource Taxation Policy Announcement which introduced the Resource Super Profits Tax (RSPT). The political fallout from this announcement caused extensive modification to the RSPT, resulting in the Mineral Resource Rent Tax (MRRT) and changes to the existing Petroleum Resource Rent Tax (PRRT). In August 2010, the Policy Transition Group (PTG) was formed to develop the technical details and design of both the MRRT and PRRT. On 21 December 2010, the PTG provided the Government with the preliminary details and key design features for the implementation of the tax. The Government responded to the PTG in March 2011 accepting 98 of the proposed recommendations. The exposure draft was first released for public comment on 10 June 2011. How Xstract can help Whilst the accounting and tax issues resulting from the MRRT are complex, the steps to ensure compliance are relatively straight forward. From a technical perspective, Xstract is able to simplify and prepare your company for the MRRT. We have developed a detailed systematic approach that provides a pathway through the MRRT process based on integrated models, operational knowledge and technical expertise in the coal and iron ore industries. Based on the current draft of the legislation, the key starting point is to determine the value of the upstream and the downstream assets as at 1 July 2012. When we overlay this with the landscape view as detailed below, we see that the taxing point for the MRRT starts after the run-of mine (ROM) pad.

Exploration

Mine Planning

Blasting

Overburden

Load & Haul

ROM Pad

Crushing

Washing

Rail

Blending

Port Loading

FOB Coal Sales

Mining Profit

Revenue

Taxing Time

Up stream

Down stream

Exploration

ROM Pad Taxing Point

FOB Coal Sale

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MRRT Cont...
From a geological and engineering viewpoint, the main drivers and the methodology of approach is outlined below:
Methodology Cost Type Appraised Value Standard operating procedures Meaningful past exploration and committed future costs Xstract advantage Our consultants have detailed knowledge of Australian exploration programme design and costings (including geophysical and drilling) having advised numerous clients ranging from junior explorers to multinational producers with operations in Australia Commonly adopted approach used as a cross check to other methodologies Xstract has assembled a highly competent team with an in-depth knowledge of the key drivers to be modelled in the geology, mining, engineering, processing, valuation and risk fields. Our team has many years of practical and operational experience in industry Our team has expertise in the application of Real Options and Decision Tree analysis to facilitate decision making and risk mitigation in operational and development mining projects Xstract maintains a highly evolved and comprehensive in-house transaction database which supports its comparable market analysis for the valuation of most major minerals including coal, ferrous and non-ferrous metals and selected industrial minerals A supporting methodology to the comparable transactions which is used by Xstract when appropriate

Historical cost

Incurred cost less any outstanding obligations and/or depletions NPV performed on calculated free cash flows over projects life

Income

DCF analysis

Statistical/probabilistic Real options analysis Decision tree analysis

Probability factor applied to NPV Factors in decision flexibility and uncertainty Using yes/no analysis with probabilities Similar properties reflect similar values

Market

Comparable transactions

Joint Venture/option terms

Required participation expenditure in exploring or developing a property by the incoming party

MRRT requires rigorous and transparent supporting information ranging in detail from exploration tenements to existing open pit and underground operational mine sites. With the largest consultancy-based, mineral asset valuation team in Australia, Xstract has the knowledge, skills, and expertise to ensure your company is afforded an easy passage through the MRRT process. Furthermore, we undertake to complete your MRRT projects on time and with sufficient rigour to withstand the most ardent scrutiny from the Australian Tax Office. Should you require further information please contact Colin Hannah on
channah@xstractgr.oup.com

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Xstract welcomes our new starters

Francois Grobler Princi pal | Corporate Services, Perth
Francois has more than 17 years experience as a geologist and project analyst in the corporate environment, as well as underground and alluvial operations in South Africa. Francois has gained extensive experience in technical and economic project evaluation, which includes substantial exposure to quantitative risk analysis and decision-making under uncertainty. He has been involved in valuations of various projects and operations in a number of commodities and countries for feasibility studies, stock exchange listings, M&As, JVs and legal proceedings. Francios specialises in Integrated Risk Assessment, which includes whole-of-project risk and uncertainty evaluation. This approach includes both qualitative and quantitative risk analysis using tools such as Monte Carlo Simulation, Discreet Event Simulation, Real Options as well as Optimisation (MILP) under uncertainty. Francois has a MSc Eng (Min Econ), Dipl (Fin Mngmt), is a PR. Sci. Nat and is a MAusIMM and MSAIMM.

Charlotte Nangolo Consultant | Mining, Perth

Charlotte has 6 years of mineral industry experience, primarily in open pit mining. Upon graduating, she worked for AngloGold Ashantis Navachab Gold mine in Namibia where she completed her graduate programme and worked as a short-term planning engineer. She then went on to work at Rio Tintos Iron Ore operations in the Pilbara region of Western Australia where she covered various roles in operations planning and technical services, focusing on scheduling and designing. After Rio Tinto, Charlotte worked for a stockbroking firm as a resource analyst focusing on uranium junior exploration and producing companies, of which the majority are ASX and TSX listed. Charlotte has lectured on financial valuations of mining projects to undergraduates and run an Introduction to Mineral Resource Management course at the University of the Witwatersrand while completing her MSc (Mineral Economics). Charlotte holds a Bachelor of Science in Engineering (Mining) and Masters of Science in Engineering (Mineral Economics).

Matthew Readford Princi pal | Geology, Brisbane

Matthew Readford has 23 years experience in Mining and Management Consulting. His mining experience ranges from resource estimation, feasibility and operational studies, independent expert reviews to business process and information technology system optimisation for a wide range of projects throughout the world. Commodity and mining settings include open pit and underground gold, copper, bauxite, lead-zincsilver, nickel, coal, uranium and evaporites. Matthews project locations include Australia, New Zealand, Fiji, West and South Africa, the Middle East, Russia, Indonesia, and South America. He has also worked in Management Consulting, Operational, Financial, Safety and Technology Management roles in other industry sectors. Matthew holds a BSc Hons (Geology), MBA, and is certified in Prince2 Project Management and also a member of the AusIMM along with being a committee member of the AusIMM South East Queensland Branch.

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Hot jobs with Xstract Mining Consultants

Perth Office
Leader in Mining Consulting Princi pal Consultant (Geology) with Iron Ore focus Training Coordinator

This is an exciting opportunity to help drive our dynamic company into a new chapter. The successful applicant will be a recognised mining industry professional and will join the Perth management team and help lead the growth of our very dynamic and expanding team in Perth to deliver consultancy services to Xstracts key clients in Western Australia and around the world. You will have the capacity to generate value-creating opportunities, an enthusiasm for business development, along with a commitment to team work.

You will have strong skills in mining software packages, resource estimation techniques, geostatistical methods, and have an aptitude to mentor, train, and share your experience. You will have solid industry experience particularly in Iron Ore, along with a specialty in one or more areas such as resource evaluation, corporate services, feasibility studies, due diligence, independent expert reports, mine development and operational improvement

This role will promote and administer end to end client training functions, development and implementation of the training frameworks and the management of our training plans. In this key role, you will have the opportunity to make a real impact and develop your career in a rapidly growing organisation. As the successful candidate, you will have gained experience within a similar role, ideally within the resources sector.

Brisbane Office
Geology Manager Princi pal Consultant (Mining) with Coal focus Human Resources Advisor

You will have previous experience in managing teams, technical skills in mining software packages, and a diverse range of geological expertise with an aptitude to learn, train and share your experience. This role will involve a wide range of responsibilities including managing a team of geoscientists, writing, editing, proofing, researching and coordinating the production of public and technical reports, presentations and briefings.

You will be an integral part of a multi-disci plinary and multicommodity team working with wellknown leaders in the mining consulting industry. You will have strong skills in mining software packages, reserve estimation techniques, and have an aptitude to mentor, train, and share your experiences. Ideally you will have extensive experience in either Vulcan, Minex, XPAC and solid industry experience in either mine planning or scheduling and experience in coal or coal seam gas.

You will have a background in human resources and ideally working in a medium-size business involving multi-tasking with a wide scope of work. You will have the opportunity to play a key role in human resources initiatives and activities. You will provide mentoring and development to other team members and be responsible for developing excellent working relationshi ps throughout the organisation.

Apply online by clicking here or visit our website 14

"What better way to fly Virgin than with the boss!" Mark Noppe and Richard Branson at 36,000 feet.

Xstract Cycle Team at the 50 km Brissie to the Bay Ride to support multiple sclerosis suffers.

James Carpenter (2nd from the right) at the AusIMM Uranium conference in Perth earlier this month.

Mark Noppe unleashing his Kung Fu panda on Chongqing.

Mongolian Landscape: Photo by Trevor Ellice from Xstract Mining Consultants

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1. Quality In, Quality Out 2. Take the Gambling out of Sampling 3. Geology Sampler 4. Mining Uncovered 5. Making Money from Mining 6. Mind What You Mine 7. Doing the Numbers on Coal 8. Exceptional Operational Geologist Programme 9. Estimate or Guesstimate 10. Practical Introduction to Geostatistics 11. BYO Geostatistical Evaluation

Meet us at...
1 4 August Diggers and Dealers Conference, Kalgoorlie WA 2 August WIMWA Networking Event, Kalgoorlie WA 10 - August JK Lecture, Brisbane QLD 22 24 August AusIMM International Geology Conference, Queenstown NZ 31 August 2 September Africa Downunder Conference , Perth WA 5 9 September - Geostatistics 5 Day comprehensive course, Perth WA 6 - 9 September AIMEX, Sydney NSW 19 23 September - Geostatistics 5 Day comprehensive course, Brisbane QLD 26 30 September AusIMM APCOM Symposium, Sydney NSW 17 Oct 18 Nov - Geostatistics 3 Day Introduction courses, Reno Nevada USA

To find out more please visit our website

BRISBANE
Level 20, 333 Ann Street Brisbane, QLD, 4000

MONGOLIA Unit 612-613, Level 6 Central Tower Office Building, 2 Sukhbaatar Square,SBD8 Ulaanbaatar 210620a
Phone: +976 7744 0000 Fax: +976 7745 0000

PERTH
Level 1, 1110 Hay Street West Perth, WA, 6005

Phone: +61 7 3221 2366 Fax: +61 7 3221 2235

Phone: +61 8 9327 9500 Fax: +61 8 9481 8700

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