7th April 2014 WWW.LCC.ASIA

IMPORTANT DISCLAIMER This report has been prepared by Lincoln Crowne & Company Pty. Limited ("LCC"). The research is based on information obtained from sources believed to be accurate and reliable. LCC does not guarantee the accuracy, reliability, completeness or suitability of any such information and makes no warranty, guarantee or representation, expressly or impliedly about this research. LCC accepts no obligation to correct or update the information. No opinion or recommendation is made within this research. This report is not intended to be, nor should it be relied on, as a substitute for professional advice. This report should not be relied upon as the sole basis for any investment decision or planning, and LCC does not accept any responsibility on this basis for actions made . Page 1 / 4

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QUAKE FAILS TO KILL COPPER DOOM Global Economic Fundamentals

Source: Capital IQ, COMEX, LCC, LME, SHFE, Thomson Reuters, WGC

Precious Metals Last Week r 4-Wk r YTD r Base Metals Last Week r 4-Wk r YTD rGold (A$/oz) 1,401 ▲ 0.1% ▼ (5%) ▲ 4% Copper (A$/lb) 3.26 ▼ (0.4%) ▼ (6%) ▼ (13%)Gold (US$/oz) 1,303 ▲ 0.6% ▼ (3%) ▲ 8% Copper (US$/lb) 3.03 ▲ 0.1% ▼ (4%) ▼ (10%)Silver (US$/oz) 19.9 ▲ 0.7% ▼ (5%) ▲ 3% Copper (RMB/t) 47,190 ▲ 1.2% ▼ (3%) ▼ (10%)Platinum (US$/oz) 1,443 ▲ 2.7% ▼ (3%) ▲ 5% Cobalt (US$/lb) 13.83 — 0.0% ▼ (2%) ▲ 3%Palladium (US$/oz) 786 ▲ 1.6% ▲ 1% ▲ 9% Molybdenum (US$/lb) 11.79 ▲ 10.6% ▲ 11% ▲ 21%Iron Ore (US$/t) 116 ▲ 4.0% ▲ 2% ▼ (13%) Nickel (US$/lb) 7.49 ▲ 4.7% ▲ 8% ▲ 18%Crude Oil (US$/barrel) 100 ▼ (0.4%) ▼ (1%) ▲ 2% Lead (US$/lb) 0.93 ▼ (0.6%) ▼ (5%) ▼ (7%)Gas H.Hub (US$/m btu) 4.44 ▼ (1.0%) ▼ (3%) ▲ 6% Zinc (US$/lb) 0.91 ▲ 0.9% ▼ (5%) ▼ (4%)Uranium (US$/lb) 34 ▼ (1.2%) ▼ (3%) ▼ (1%) Tin (US$/lb) 10.52 ▲ 0.6% ▲ 0% ▲ 3%

Currencies & Indices Last Week r 4-Wk r YTD r Global Markets Last Week r 4-Wk r YTD rAUD/USD 0.930 ▲ 0.5% ▲ 2% ▲ 1% ASX 200 5,423 ▲ 1.0% ▼ (1%) ▲ 1%RMB/USD 0.161 ▼ (0.0%) ▼ (1%) ▼ (0%) Dow Jones 16,413 ▲ 0.5% ▼ (0%) ▼ (1%)CAD/USD 0.911 ▲ 0.9% ▲ 1% ▲ 1% S&P 500 Index 1,865 ▲ 0.8% ▼ (1%) ▲ 1%EUR/USD 1.370 ▼ (0.3%) ▼ (1%) ▼ (0%) Shang Hai Index 2,059 ▲ 1.2% ▲ 0% ▼ (1%)ASX Ordinary Gold 2,211 ▼ (0.6%) ▼ (15%) ▲ 1% Hang Seng Index 22,510 ▲ 0.8% ▼ (1%) ▼ (3%)TSX Global Gold 185 — 0.0% ▼ (8%) ▼ (0%) Nikkei 225 15,064 ▲ 2.5% ▼ (1%) ▼ (8%)ASX 300 Metals & Mining 3,320 ▲ 1.2% ▼ (2%) ▲ 3% FTSE 100 Index 6,696 ▲ 1.7% ▼ (0%) ▲ 4%TSX Global Mining 75 ▼ (0.2%) ▲ 0% ▲ 2% Euro STOXX 50 Index 3,230 ▲ 1.1% ▲ 4% ▲ 2%

1,200

1,300

1,400

1,500

1,600

0

100

200

300

Jan Feb Mar Apr

Thou

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s Gold PriceVolume A$/oz US$/oz200 day average

2.90

3.10

3.30

3.50

3.70

0

100

200

300

Jan Feb Mar Apr

Thou

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s

LME Copper Price and Volume

Volume ('000 lot)Price (A$/lb)Price (US$/lb)

2.90

3.10

3.30

3.50

0

10

20

30

40

50

Jan Feb Mar Apr

COMEX Copper Price and Stocks

Stocks ('000 t)Price (US$/lb)

44000

46000

48000

50000

52000

54000

050

100150200250300

Jan Feb Mar Apr

Thou

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s SHFE Copper Price and Stocks

Stocks ('000 t)Price (RMB/t)

44000

46000

48000

50000

52000

54000

0

25

50

Jan Feb Mar Apr

Thou

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s SHFE Copper Price and VolumeVolume ('000 lot)Price (RMB/t)

2.90

3.10

3.30

3.50

0

25

50

75

100

Jan Feb Mar Apr

COMEX Copper Price and VolumeVolume ('000 lot)Price (US$/lb)

1500

2000

2500

3000

Jan Feb Mar Apr

S&P/ASX All Ordinaries Gold Index(XGD)

3.00

3.20

3.40

3.60

3.80

4.00

0

100

200

300

400

500

600

Jan Mar May Jul Sep Nov Jan

China Copper Imports Tonnes (kt)Copper Price

2.90

3.10

3.30

3.50

3.70

0

100

200

300

400

Jan Feb Mar Apr

LME Copper Price and Stocks

Stocks (kt)Price (A$/lb)Price (US$/lb)

0

500

1000

1500

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800

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1400

Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

World Gold Demand and Supply

Total Demand (tonnes)Total Supply (tonnes)Gold Price (US$/oz, RHS)

Copper Warehouse Stocks

0

20

40

60

80

100

120

140

160

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Hong Kong Gold Net Imports (tonnes)

20132014

7th April 2014 WWW.LCC.ASIA

IMPORTANT DISCLAIMER This report has been prepared by Lincoln Crowne & Company Pty. Limited ("LCC"). The research is based on information obtained from sources believed to be accurate and reliable. LCC does not guarantee the accuracy, reliability, completeness or suitability of any such information and makes no warranty, guarantee or representation, expressly or impliedly about this research. LCC accepts no obligation to correct or update the information. No opinion or recommendation is made within this research. This report is not intended to be, nor should it be relied on, as a substitute for professional advice. This report should not be relied upon as the sole basis for any investment decision or planning, and LCC does not accept any responsibility on this basis for actions made . Page 2 / 4

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Markets & Majors

The Chilean earthquake failed to revive copper prices, with a 0.1% rise of the US$ price over the past week. Chile state miner Codelco said it did not have any reports of damage to its mines following the 8.6 magnitude earthquake in the North of the country. Glencore Xstrata and Anglo American evacuated their Collahuasi mine for safety reasons, but did not report any damage.

Reuters - Indonesia has approved big increases in 2014 copper sales for local mines of Freeport McMoRan and Newmont Mining, as it pushes for the two firms to resume exports quickly. While the two U.S.-based miners made progress toward a resumption of exports from Indonesia, any prolonged stoppage would hurt their share prices and support global prices of the base metal. Freeport and Newmont together produce 97% of Indonesia's copper, and as a shareholder in both firms the hiatus could also hurt its national income that also benefits from their tax and royalty payments.

Mick Davis, the former chief executive officer of Xstrata, raised as much as US$3.75 billion from investors to buy assets and turn his X2 Resources into a mid-tier mining company. The five-member financing group comprises Asia’s largest raw-materials trader Noble Group (NOBL), private-equity fund TPG Capital and sovereign-wealth and pension-fund investors, X2 said, without naming the funds. It got US$2.5 billion of committed and as much as US$1.25 billion of conditional equity funding.

Reuters - Key copper firms in China, the world's top producer and consumer of the refined metal, are expected to face another tough year if copper prices remained under pressure. Jiangxi Copper and Yunnan Copper, China's #1 and #4 producers, as well as Shenzhen Zhongjin Lingnan Nonfemet - a major lead and zinc producer that also makes copper - posted either profit falls or losses in 2013. China's production of refined copper rose 13.6% to 6.84 million tonnes in 2013, faster than the 11% rise in 2012, according to official data.

Reuters - As regulators investigate the transparency of global financial benchmarks, bullion banks are contemplating a move to electronic platforms that would shed more light on the London gold fix, a widely used reference price. A growing number of technology providers are competing to offer a more transparent way of disseminating information that shows how the price of the US$20 billion a day trade is settled.

Copper Producers

Source: ASX, Capital IQ, LCC. Assumption: A$/US$ of 0.90

Copper Explorers & Emerging Producers

Source: ASX, Capital IQ, LCC. Assumption: A$/US$ of 0.90

Mergers & Acquisitions

Aeon Metals (ASX: AQR) is to acquire Aston Metals (Qld) Ltd, which holds the Walford Creek tenement. The tenement has an inferred mineral resource of around 48 million tonnes at 0.39% copper and 1.42% Cu equivalent. Consideration payable by AQR is: 1 A$20 million non-recourse loan with 12% p.a. capitalised interest payable after 3 years, secured over Aston Metals, 2 48.275 million AQR shares at A$0.145 per share, and 3 3 year unlisted options with face value of A$10m. AQR has raised A$8 million via an equity placement of 66.7 million shares at A$0.12.

Cassini Resources (ASX: CZI) has acquired 100% of the West Musgrave project from BHP Billiton. The West Musgrave project includes the Nebo-Babel Ni-Cu sulphide deposits and the Succoth Cu sulphide prospect. The consideration payable by Cassini for the acquisition comprises: 1 A$250,000 in cash, 2 a 2% net smelter royalty from future production and 3 A$10 million in cash due 12 months after production from the project commences.

Metaliko Resources (ASX: MKO) will not proceed with the acquisition of the Bronzewing gold project as it failed to raise sufficient funds through its right issue. The underwriter terminated in obligations relying in part upon a fall greater than 15% of the S&P/ASX All Ordinaries Gold Index.

Code Company Name Close Price Week r YTD r Market Cap (A$m)

52 Week Range

Cash (A$m) EV (A$m) EV/

EBITDA

ABY Aditya Birla Minerals 0.30 — 0% (13% ) 92 118 (25) NMAOH Altona Mining 0.16 ▼ (3% ) (6% ) 82 20 73 3.2xDML Discovery Metals 0.031 ▲ 11% (42% ) 17 13 175 NMHGO Hillgrove Resources 0.079 ▲ 5% (12% ) 93 17 121 2.9xOZL OZ Minerals 3.81 ▲ 11% 21% 1,156 364 792 4.5xPNA PanAust 1.67 ▲ 8% (8% ) 1,019 145 1,054 4.3xSFR Sandfire Resources 5.74 ▲ 1% (11% ) 893 75 1,048 8.3xSRQ Straits Resources 0.005 — 0% (38% ) 6 12 116 NMTGS Tiger Resources 0.38 ▲ 7% 9% 301 42 315 4.7xMWE Mawson West C$0.50 ▼ (9% ) (14% ) 84 54 47 0.5x985 CST Mining Group HK$0.059 ▲ 2% (12% ) 222 119 103 NM

Code Company Name Close Price Week r YTD r Market

Cap (A$m)52 Week

RangeCash

(A$m) EV (A$m)

AVI Avalon Minerals 0.007 ▼ (30% ) (30% ) 8 2.7 6AVB Avanco Resources 0.071 ▲ 4% 0% 96 16.6 80AZS Azure Minerals 0.027 ▼ (10% ) (10% ) 19 2.3 17BMB Balamara Resources 0.12 ▲ 5% 21% 39 1.2 38BTR Blackthorn Resources 0.16 ▲ 3% (40% ) 25 16.3 9BOC Bougainville Copper 0.57 ▲ 7% 20% 229 6.2 222CDU Cudeco 1.93 ▲ 9% 7% 451 47.4 403ERM Emmerson Resources 0.040 ▲ 25% (5% ) 13.1 1.2 12ENR Encounter Resources 0.20 — 0% 5% 27 3.9 23ESR Estrella Resources 0.13 ▼ (10% ) (26% ) 13 2.0 11FND Finders Resources 0.17 ▼ (3% ) (19% ) 94 12.9 81GCR Golden Cross Resources 0.004 ▼ (20% ) (20% ) 8 1.1 6HAV Havilah Resources 0.23 ▼ (4% ) (8% ) 28 3.5 24HCH Hot Chili 0.35 ▼ (9% ) (19% ) 120 8.2 112HIG Highlands Pacific 0.069 ▲ 10% 13% 59 9.6 49IRN Indophil Resources 0.15 ▼ (12% ) (9% ) 180 215.1 (35)KGL KGL Resources 0.099 ▼ (10% ) (6% ) 14 19.0 (5)KDR Kidman Resources 0.125 ▲ 14% (32% ) 16 3.7 13MMC Marengo Mining 0.014 — 0% (7% ) 16 4.5 39MNC Metminco 0.025 ▲ 9% (19% ) 44 7.8 36PEX Peel Mining 0.23 ▲ 2% (13% ) 30 3.8 26RDM Red Metal 0.16 ▼ (3% ) 7% 23 1.1 22RXM Rex Minerals 0.37 ▼ (1% ) (24% ) 79 20.9 58SBR Sabre Resources 0.036 ▲ 3% (16% ) 8 4.1 4SUH Southern Hemisphere 0.055 — 0% 10% 14 0.5 13TLM Talisman Mining 0.10 ▼ (9% ) (5% ) 13 17.3 (4)VXR Venturex Resources 0.007 — 0% (30% ) 11 3.4 7XAM Xanadu Mines 0.055 ▲ 10% 10% 11 2.8 8YTC YTC Resources 0.23 — 0% 0% 75 25.8 115

7th April 2014 WWW.LCC.ASIA

IMPORTANT DISCLAIMER This report has been prepared by Lincoln Crowne & Company Pty. Limited ("LCC"). The research is based on information obtained from sources believed to be accurate and reliable. LCC does not guarantee the accuracy, reliability, completeness or suitability of any such information and makes no warranty, guarantee or representation, expressly or impliedly about this research. LCC accepts no obligation to correct or update the information. No opinion or recommendation is made within this research. This report is not intended to be, nor should it be relied on, as a substitute for professional advice. This report should not be relied upon as the sole basis for any investment decision or planning, and LCC does not accept any responsibility on this basis for actions made . Page 3 / 4

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WPG Resources (ASX: WPG) has entered into a binding term sheet with Mungana Goldmines (ASX: MUX) to purchase Mungana’s Tarcoola and Tunkillia gold projects, which are located 450 km north-west of Port Augusta in South Australia. Mungana’s largest shareholder is Mungana Pty Ltd (in liquidation), a 100% owned subsidiary of Kagara Ltd (in liquidation), which holds approximately 59% of Mungana’s voting shares. An in-ground inventory of 976,000 ounces of gold resource (730,000oz attributable) has been estimated with silver credits. WPG has paid a non-refundable deposit of A$150,000 and has 4 weeks to undertake due diligence. If proceeding, consideration includes: 1 a A$1.35 million in cash and 7.5 million WPG shares; 2 WPG assuming all historical obligations linked to the Tarcoola gold project; 3 a NSR royalty escalating with the gold price and 4 A$1.25 million in a number of stages upon the achievement of certain milestones.

ASX-Listed Company News

Aditya Birla Minerals (ASX: ABY) continued the suspension of its operations at the Nifty copper mine after reception of a report from an independent geotechnical consultant. As a result of the suspension of operations, production for the year ended 31 March 2014 will approximate 44,500 tonnes.

Discovery Metals (ASX: DML) has executed a conditional, non-binding term sheet with Montsant Partners LLC, an LLC Special Purpose Vehicle set up by a group of resource focused investment funds, for the recapitalisation of DML. The recapitalisation proposal comprises: 1 a A$5 million placement to Montsant Partners (100 million shares at A$0.05 per share and 2 US$100 million in convertible notes to Montsant Partners (100,000 5 year, 10% p.a. interest rate, secured convertible notes with a face value of US$1,000 per note, convertible into shares at A$0.05 per share).

Hot Chili (ASX: HCH) announced a maiden ore reserve estimate of 433,000t of copper, 308,000oz of gold and 15,500t of molybdenum at its flagship Productora project in Chile. The maiden open pit ore reserve at Productora underpins a substantial initial mine life of 9 years. Hot Chili has also grown the mineral resource estimate at Productora to over 1 million tonnes of contained copper and 675,000oz of gold.

Stavely Minerals (ASX: SVY) IPO is open. 30 million shares are being offered at an issue price of A$0.20 to raise up to A$6m, plus $2m of oversubscriptions. The key assets are Mt Ararat VMS copper-gold deposit plus a large-scale Cadia Valley/Northparkes-style porphyry target at Stavely.

Tiger Resources (ASX: TGS) has increased the mineral resources at its Kipoi Central mine in the DRC. The Kipoi mineral resource as at 31 December 2013 stands at 73.3 million tonnes at 1.3% Cu

for 981,000 tonnes of copper metal. This compared to 48.9 million tonnes at 1.6% Cu for 795,000 tonnes of copper metal at the end of 2012. The increase is the result of additional drilling and a reduced cut-off grade of 0.3% Cu (vs. 0.5%). The Stage 1 (HMS) ore reserve increased to 1.17 million tonnes at 6.1% copper and the Stage 2 (SX-EW) ore reserved increased to 40.7 million tonnes at 1.5% copper for 625,000 t of copper metal. The ore reserves consider a US$3.00/lb copper price assumption.

Ramelius Resources (ASX: RMS) has increased the mineral resources at its Vivien gold deposit. Total mineral resources are estimated at 805,000 tonnes at 7.1 g/t gold for 185,000 ounces, an increase of 16% on the previous resource estimate.

Sovereign Gold (ASX: SOC) is planning to spin-out its 72%-owned subsidiary Mount Adrah Gold into a new listed vehicle via an IPO in Q2 2014. Mount Adrah mineral estimate is 20.5 million tonnes at 1.1 g/t gold at various cut-off grades for 770,000oz of gold.

Gold Explorers & Emerging Producers

Source: ASX, Capital IQ, LCC. Assumption: A$/US$ of 0.90

Code Company Name Close Price Week r YTD r

Market Cap (A$m)

52 Week Range

Cash (A$m)

EV (A$m)

ABU ABM Resources 0.024 — 0% 9% 91 5.1 86ALK Alkane Resources 0.32 — 0% (6% ) 119 43.3 76AUK Augur Resources 0.051 — 0% (32% ) 14 2.2 11AZM Azumah Resources 0.050 ▼ (2% ) 79% 18 3.3 14BSR Bassari Resources 0.008 ▲ 14% 0% 8 0.2 8BAB Bullabulling Gold 0.051 ▼ (4% ) 13% 17 4.3 13CHN Chalice Gold 0.15 ▲ 3% 11% 44 55.1 (11)CHZ Chesser Resources 0.13 — 0% 24% 29 4.6 24CDG Cleveland Mining 0.09 ▲ 1% (9% ) 22 0.6 21CVG Convergent Minerals 0.010 ▼ (23% ) (38% ) 4 0.7 3CAS Crusader Resources 0.29 ▲ 4% (3% ) 37 2.2 40DCN Dacian Gold 0.37 ▲ 4% 54% 36 13.2 22EXG Excelsior Gold 0.090 ▲ 10% 30% 37 4.3 31FMl Focus Minerals 0.02 — 0% 25% 137 81.2 63GCY Gascoyne Resources 0.12 ▼ (25% ) (14% ) 19 1.2 18GOR Gold Road Resources 0.18 ▲ 17% 77% 90 7.1 83GRY Gryphon Minerals 0.14 ▼ (10% ) (21% ) 54 41.7 12IDC Indochine Mining 0.075 ▼ (1% ) 74% 75 0.5 75IAU Intrepid Mines 0.27 ▲ 4% (14% ) 150 98.2 52KGD Kula Gold 0.09 ▲ 5% (14% ) 11 3.2 8MSR Manas Resources 0.033 ▼ (11% ) 3% 14 5.6 8MYG Mutiny Gold 0.030 ▲ 3% (6% ) 18 1.7 23OBS Orbis Gold 0.31 ▼ (3% ) 24% 77 5.5 72ORD Ord Resources 0.00 — 0% (20% ) 5 1.5 3PAN Panoramic Resources 0.47 ▲ 15% 88% 151 34.0 117PIR Papillon Resources 1.25 ▼ (0% ) 27% 424 43.6 381PXG Phoenix Gold 0.13 — 0% (19% ) 39 4.6 34RED Red 5 0.07 ▼ (3% ) (17% ) 55 36.7 19RNI Resource & Investment 0.080 ▼ (5% ) 51% 27 3.0 39ROL Robust Resources 0.29 ▼ (5% ) (19% ) 45 2.5 48SIH Sihayo Gold 0.021 ▼ (16% ) (30% ) 20 0.5 19SXG Southern Cross Goldfields 0.014 — 0% 8% 12 5.1 14SUM Sumatra Copper & Gold 0.07 ▼ (19% ) (7% ) 27 4.0 25TAM Tanami Gold 0.02 — 0% (9% ) 24 8.8 30WAF West African Resources 0.16 ▲ 3% 14% 43 1.3 42YTC YTC Resources 0.23 — 0% 0% 75 25.8 115

7th April 2014 WWW.LCC.ASIA

IMPORTANT DISCLAIMER This report has been prepared by Lincoln Crowne & Company Pty. Limited ("LCC"). The research is based on information obtained from sources believed to be accurate and reliable. LCC does not guarantee the accuracy, reliability, completeness or suitability of any such information and makes no warranty, guarantee or representation, expressly or impliedly about this research. LCC accepts no obligation to correct or update the information. No opinion or recommendation is made within this research. This report is not intended to be, nor should it be relied on, as a substitute for professional advice. This report should not be relied upon as the sole basis for any investment decision or planning, and LCC does not accept any responsibility on this basis for actions made . Page 4 / 4

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Gold Producers

Source: ASX, Capital IQ, LCC. Assumption: A$/US$ of 0.90

Code Company Name Close Price Week r YTD r Market

Cap (A$m)52 Week Range

Cash (A$m) EV (A$m) EV/

EBITDA

AQG Alacer Gold 2.81 ▲ 4% 24% 856 322 534 2.9xAGD Austral Gold 0.09 — 0% (25% ) 15 9 67 3.5xBDR Beadell Resources 0.60 ▲ 2% (24% ) 474 24 520 4.6xBEZ Besra Gold 0.020 ▼ (26% ) (56% ) 9 1 34 NMDRM Doray Minerals 0.86 ▲ 8% 54% 140 24 166 5.5xDRA Dragon Mining 0.15 ▼ (19% ) 12% 13 6 7 1.7xEVN Evolution Mining 0.87 ▲ 4% 41% 618 37 722 4.3xEVR Endeavour Mining Corp 0.76 ▼ (3% ) 57% 326 119 507 NMIGO Independence Group 3.98 ▲ 3% 28% 929 46 947 11.3xKCN Kingsgate Consolidated 0.99 — 0% 6% 219 37 358 4.4xKRM Kingsrose Mining 0.41 ▲ 9% 21% 145 1 144 NMLSA Lachlan Star 0.17 ▼ (31% ) (15% ) 25 3 26 NMMML Medusa Mining 2.01 ▲ 1% (1% ) 418 23 395 7.6xMLX Metals X 0.20 — 0% 18% 331 50 281 13.4xMOY Millennium Minerals 0.13 ▲ 25% (34% ) 27 5 61 1.4xMLI Mintails 0.054 — 0% (4% ) 15 4 10 NMNCM Newcrest Mining 9.92 ▲ 1% 27% 7,599 121 12,116 11.4xNGF Norton Gold Fields 0.13 — 0% (7% ) 116 41 190 2.6xNST Northern Star Resources 1.09 ▼ (1% ) 39% 631 49 581 10.2xOGC OceanaGold Corporation 2.48 ▲ 3% 56% 775 28 941 3.9xPNA PanAust 1.67 ▲ 8% (8% ) 1,019 145 1,054 4.3xPGI PanTerra Gold 0.039 ▼ (3% ) (5% ) 30 5 75 3.4xPRU Perseus Mining 0.41 ▼ (5% ) 67% 216 28 188 17.7xRMS Ramelius Resources 0.12 ▲ 9% 24% 44 33 15 1.2xRRL Regis Resources 2.22 ▲ 1% (24% ) 1,109 13 1,106 5.1xRSG Resolute Mining 0.58 ▲ 1% 4% 369 50 413 3.2xSAR Saracen Mineral Holdings 0.34 ▲ 5% 81% 266 23 265 3.2xSBM St Barbara 0.28 ▲ 4% 8% 137 70 397 NMSLR Silver Lake Resources 0.42 ▼ (3% ) (22% ) 209 17 200 NMTBR Tribune Resources 3.16 ▲ 2% 36% 159 9 169 3.2xTGZ Teranga Gold Corp 0.84 ▲ 1% 53% 285 39 313 NMTRY Troy Resources 1.02 ▼ (0% ) 29% 198 18 211 7.4xUML Unity Mining 0.025 ▲ 14% (39% ) 24 10 14 2.1xVGO Vantage Goldfields 0.029 ▲ 26% 12% 7 1 6 1.8xANG AngloGold Ashanti ZAR185 ▼ (1% ) 51% 7,616 725 11,084 6.3xABX Barrick Gold Corp C$20.30 ▲ 0% 8% 23,175 2,688 36,863 6.1xCRK Crocodile Gold Corp C$0.22 — 0% 83% 105 3 109 1.5xGFI Goldfields ZAR41 ▼ (1% ) 26% 3,251 358 5,289 5.5xNEM Newmont Mining Corp US$24 ▲ 1% 5% 12,916 1,739 21,555 6.2x