MacPhersons Resources Limited

Nimbus Silver & Gold Mill

To fast track the opportunity to process MacPhersons ore within the MRP business, the Company acquired mill processing and mine assets at the Nimbus Silver Mine, located 10 km from Kalgoorlie. The assets come with an approved site for metallic and non-metallic ore processing and an approved tailings storage facility.

To complement the Nimbus mill and mine assets, MRP has also completed the acquisition of an additional ball mill, the Mt Eden primary crusher facility and excess CIL leach tanks from Tarmoola to provide significant components to allow for the expansion of the Nimbus silver mill to include a 480,000 tonnes per annum gold circuit.

MRP have commenced and continue with refurbishment of some of the existing Nimbus processing components, to be used with some additional infrastructure and site facilities.

CPC Engineering completed a Nimbus Feasibility Study during the Sep13 quarter, which included a plant engineering design, using components already purchased and ordered by MRP.

The plant design includes processing circuits and capacity to process silver, gold, and zinc ores concurrently and the primary crushing circuit has assessed capacity considered sufficient to provide material to both Nimbus mill and a parallel heap leach facility at the same time.

With the northern Boorara pit designs within 1km of the existing Nimbus mill site this is significant advantage.