Snowden Report

This report has been prepared by Snowden Mining Industry Consultants Pty Ltd(Snowden) for exclusive use by Deccan Exploration Services Pty Ltd pursuant to the Scope of Services contemplated and agreed between Snowden and Deccan Exploration Services Pty Ltd. Snowden makes no representation or warranty as to the suitability of the contents of this report for any third party use or reliance and Snowden denies any liability for any such third party reliance (whether in whole or in part) on the contents of this report.

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