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September 2011

28/09 - FEDERAL GOVERNMENT APPROVAL FOR DARGUES REEF

ASX/Media Release - 28th September 2011

HIGHLIGHTS

• Federal Government approval (EPBC) for Dargues Reef

• Final Designs received for box cut and access road

• RC drilling commences at Copper Ridge

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28/09 - Final green light for Majors Creek gold mine

A proposed gold mine near Braidwood has received one of the final ticks of approval it needs before it can begin.

Western Australian company Cortona Resources is planning a six year mine at Majors Creek, 60 kilometres east of Canberra.

It is expected to produce 50,000 ounces of gold a year and create 100 jobs during construction and 80 during the mine's operation.

Earlier this month the project received approval from the New South Wales Government, and now the Federal Government has signed off on the plan under the Environmental Protection and Biodiversity Conservation Act.

Mine Issues / Observations Register

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14/09 - Dargues Reef Community Consultative Committee

With the NSW Planning Assessment Commission recently approving Cortona
Resource's application to develop the Dargues Reef mine, expressions
of interest are now being sought from interested parties to join a
Community Consultative Committee for the Project.

The Dargues Reef Community Consultative Committee (DRCCC) will be one
of several mechanisms for Cortona Resources to engage and liaise with
local communities. It does not seek to replace any existing
organisations or comittees. Please see the attached document for more

13/09 - Community Update (Exploration Update)

Over the past few months the exploration team has been active, collecting and reviewing data from a number of Near Mine prospects surrounding Dargues Reef.

In order the further evaluate these prospects a percussion drill rig will return to site in the near future. The drill rig is track mounted and has all the latest safety and environmental management features, such as automatic rod handling and dust suppression. In addition hay bale noise walls used previously will be used again to reduce the noise from the rig. An independent noise survey will alsobe carried out.

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12/09 - Gold mine attracts mixed response

A community group in the Araluen Valley, in south east New South Wales, says it remains concerned about a new gold mine.

The Dargues Reef development was given the green light last week, and the Majors Creek Community Liaison Committee says some will welcome the announcement.

The Chairman, Bill Waterhouse, says it will bring jobs to the region.

But he says many in the community are not comfortable with issues such as water quality.

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