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South Woodie Woodie Project

Western Australia

The South Woodie Woodie Manganese Project comprises of 2 retention licences and 3 granted exploration licences. The retention licences cover both of the JORC inferred resources that Spitfire has discovered and developed since 2007. The South Woodie Woodie project lies along strike and to the south of the1.6Mtpa Woodie Woodie Manganese Mining Centre (operated by Consolidated Minerals Limited) and in close proximity to several emerging manganese projects.

Contact and the Contact North Discovery

Spitfire announced in March 2012 its maiden inferred JORC (2004) Contact and Contact North resource of 11.3 Million Tonnes (Mt) at 15.0% Mn, delineated during the 2010 and 2011 field seasons. The initial campaign in 2010 included the drilling of 54 RC holes for 4,895 metres which encountered the Contact area. The 2011 campaign had 234 RC holes for 25,436 metres covering the infill and definition of Contact and Contact North deposits. 11 PQ diamond holes (8 holes at Contact and 3 holes at Contact North) were used for bulk core sampling for the metallurgical beneficiation test work. The test work was undertaken on PQ diamond core in collaboration with Mineral Engineering Technical Services (METS) to maximise recovery and grade. Composite intervals were identified, taken and put through a scrubbing test to remove slimes (<1mm) size particles before being separated into fines and lump and then passed through Dense Media Separation (DMS) to remove additional waste. After the DMS tests the final grade and yield of both products was determined. Based on the results of the test work an end product grading 40% Mn can be produced from the combined deposits.

Tally-Ho Manganese Deposit

The Tally Ho target was Spitfire’s first significant discovery within the South Woodie Woodie Project area and comprises a zone of near-surface manganese mineralisation.

In May 2010, the Company announced an expanded JORC (2004) Inferred Resource estimate for the Tally Ho deposit comprising 2.94 million tonnes grading 7.07% Mn, with results from preliminary metallurgical test work indicating the material can be beneficiated to achieve a manganese product grading around 40% Mn.