MacPhersons Resources Limited

MacPhersons Resources Ltd is a Western Australian resource company with a number of advanced gold, silver and zinc exploration projects within close proximity to Kalgoorlie.

The Company's focus is to develop its Nimbus–Boorara silver-zinc-gold projects comprised of 205 sq km of continuous tenements covering 20 km strike of the Kanowna–Boorara historic silver and gold mining producing domain.

Less than 20 months after the acquisition, MRP took the project from zero resource to 4.9Mt @ 149g/t containing 23.4 million ounces Ag-Eq* (December 2013); and on 30 April 2015 MRP announced Nimbus increased mineral resource of 12.1 million tonnes at 52 g/t silver, 0.2g/t gold and 0.9% zinc containing 20.2 million ounces of silver, 78,000oz of gold and 104,000 tonnes of zinc. (See 30 April 2015 ASX release for full announcement.) This represents increase of 58% in silver, 60% increase in zinc and 66% in gold. The Nimbus resources are in addition to the 232,000 ozs of gold located at Boorara deposit 1km southwest of Nimbus.

The expanded JORC Mineral Resource provided by Independent Consultants CSA Global has also delivered a higher level of confidence with 83% of silver and 72% of zinc now in the measured and indicated resource categories.

News & Announcements

Quarterly Cashflow Report - March 2017 - 28 April 2017

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All 10 Boorara Holes Drilled Intersect Mineralised Zone 30 metres at 1.72*g/t Gold - 27 April 2017

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Quarterly Activities Report - March 2017 - 13 April 2017

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High Grade Boorara Diamond Drill Results 57 metres at 2.97*g/t Gold - 28 March 2017

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Getting misty eyed on Boorara - 24 March 2017

Barry FitzGerald

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ASX code: MRP

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