MacPhersons Resources Limited

Nimbus Silver Zinc Gold Targets

In April 2015, MRP announced upgraded Measured, Indicated and Inferred JORC classified Mineral Resource Statement.

Background

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.

The assets have advanced exploration targets on the silver deposits below two existing open cuts (recently produced 3.6 million ounces of silver) and with polymetallic deposits carrying zinc - silver - lead mineralisation with zones of anomalous gold and copper values.