29 August 2008 THE MANAGER COMPANY ANNOUNCEMENTS ASX LIMITED Dear Sir/Madam re : HAWTHORN RESOURCES LIMITED (“HAW”) MT BEVAN INITIAL DRILLING RESULTS Initial results including 40 metres @ 61.7% Fe from maiden drilling program at Mt Bevan, Western Australia The Board of Directors of Hawthorn Resources Limited is pleased to announce the first assay results from the Company’s maiden drilling program on the highly prospective Mt Bevan Project, Western Australia.

Attached for release to the market is a detailed drilling report. Please note our upgraded website www.hawthornresources.com is the subject of ongoing review. Yours faithfully HAWTHORN RESOURCES LIMITED

per Mourice Garbutt Company Secretary haw\asx\initial results 29 08 08

ASX Release ASX Code: HAW Hawthorn Resources Limited Level 2, 90 William St Melbourne VIC 3000 Australia Tel: +61 3 9605 5950 www.hawthornresources.com ABN 44 009 157 439 Directors Mr Mark Gregory Kerr (Chairman) Mr Mark Edward Elliott (Non Exec. Director) Dr David Tyrwhitt (Non Exec. Director) Senior Management Mr Ian Moody Exploration Manager Mr Tony Amato Chief Financial Officer Mr Mourice Garbutt Company Secretary Tel: +61 3 9605 5917

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ASX release 29 August 2008

Initial results including 40 metres @ 61.7% Fe from maiden drilling program at Mt Bevan, WA

Key points:

• Completed assays for the first 5 holes of the maiden 46 hole RC drilling program at Mt Bevan return strong, consistent iron results from haematite rich layer including:

o 40 metres @ 61.7% Fe from 48 metres o 17 metres @ 57.2% Fe from 37 metres o 24 metres @ 58.2 % Fe from 59 metres o 8 metres @ 62.3% Fe from 84 metres

• 400 metre strike length of one of three known mineralised horizons tested. • Further assay results expected throughout September and October.

• Exploration accelerated on remaining 25 kilometres of strike of prospective horizons.

• Scoping studies commence – intense corporate and exploration activity in the district

will assist in the development of a multi-source project area when sufficient resources are identified.

Hawthorn Resources Limited (‘Hawthorn’) (ASX code: HAW), is pleased to announce its first assay results from its maiden drilling program from the highly prospective Mt Bevan Project. The project is focused on tenement E29/510 approximately 100 kilometres west of Leonora, Western Australia, adjacent to Jupiter Mines Limited’s (‘Jupiter’) Mt Mason Iron Ore Resource (2.2 Mt @ 60.6% Fe) (refer to Figures 1 and 2). Exploration by Hawthorn at Mt Bevan has identified widespread, outcropping and sub-outcropping haematite mineralisation adjacent to BIF units in a package of interbedded shales and other sediments that extends in a north westerly direction through the entire strike length of tenement E29/510 – a distance of more than 25 kilometres. In July 2008, an initial RC drill program commenced in the southern boundary region of the tenement. The program (46 holes / 3929 metres) was designed to test potential strike extensions of the known Mt Mason mineralisation from the tenement boundary to more than 400 metres to the north in a series of East-West and Northeast–Southwest striking drill fences (refer to Figure 3). This drill program was carried out at the same time as Jupiter drilled further holes to the north and east of the known Mt Mason ore resource (ASX Announcement 26/08/2008). A number of the new holes drilled by Jupiter lie in close proximity to Hawthorn’s tenement boundary (refer to Figure 3).

Hawthorn Resources LimitedABN 44 009 157 439

Level 2, 90 William St, MelbourneVictoria 3000, Australia

Telephone: +61 3 9605 5950Facsimile: +61 3 9605 5999

Email:info@hawthornresources.com.au00

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Drilling of Hawthorn’s drillhole MNC005 (left) and Jupiter’s drillhole 08RCMM003

Figure Drilling intersected consolidated pisolitic gravels with coarse fragments of secondary haematite, which appears possibly associated with a palaeo-channel, above a saprolitic clay layer which in turn overlies gently east dipping, massive to semi-massive haematite altered sediments and deeper magnetite bearing sediment layers. Assay results are now available for 5 of the initial 46 drillholes completed, with several outstanding results returned from the haematite rich horizon intercepted. Collar locations for the holes reported are appended at the end of this report. Table 1. Haematite zones intersected MNC003-007 Drillhole From To Interval Fe % SiO2% Al2O3

% P % S % LOI

MNC004 16 27 11 53.4% 4.9 6.4 0.035 0.062 10.61 MNC004 37 54 17 57.2% 13.6 0.9 0.119 0.001 3.28

incl 43 54 11 60.4% 9.5 1.0 0.102 0.001 2.87 MNC005 48 88 40 61.7% 6.5 1.9 0.078 0.005 2.87 MNC005 97 100* 3 58.7% 12.2 1.7 0.063 0.000 1.78 MNC006 59 83 24 58.2% 11.1 2.1 0.052 0.007 3.25 MNC006 84 92 8 62.3% 6.9 1.1 0.084 0.021 2.59 *End Of Hole All assays - SGS Australia Pty Ltd, Perth – Scheme XRF78S All samples collected at 1 metre intervals and vibro-riffle split direct from cyclone Intervals reported at 50% Fe cutoff with maximum 1m maximum internal dilution As above, the distinctive haematite rich mineralised zone overlies a thick zone of interbedded haematite - magnetite and magnetite mineralised sediments. This magnetite rich layer has also returned significant assay results as reported in Table 2.

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Table 2. Magnetite zones intersected MNC003-007 Drillhole From To Interval Fe % SiO2% Al2O3

% P % S % LOI

MNC003 53 87 34 38.7% 43.1 0.1 0.054 0.005 0.80 MNC004 54 78 24 45.7% 34.1 0.4 0.060 0.000 0.83 All assays - SGS Australia Pty Ltd, Perth – Scheme XRF78S All samples collected at 1 metre intervals and vibro-riffle split direct from cyclone Intervals reported at 35% Fe cutoff with maximum 1m maximum internal dilution The shallow and consistent nature of this magnetite zone requires further assessment – particularly as it underlies the target high grade haematite rich horizon in all sections drilled to date and appears to proceed to surface. The grades reported above are comparable to other magnetite explorers and producers in Western Australia including

• Gindalbie Metals – Karara magnetite resource (1854 Mt @ 35.4% Fe) • Grange Resources – Southdown magnetite resource (479 Mt @ 37.3% Fe) • McArthur Minerals – Lake Giles magnetite resource (112 Mt @ 24.6%).

Davis Tube Reduction tests will be carried out on samples from the current drilling program to assess the amenability of the horizon to produce a high grade Fe concentrate. Hawthorn believes that the hematite-bearing drill results reflect the northern strike extension of Jupiters’ Mt Mason Iron Ore Resource. Further confidence will be added when Jupiter announce results from holes drilled in close proximity to the shared tenement boundary (refer to Figure 3). The directors of Hawthorn are greatly encouraged by the results to date and have commissioned a major ground gravity program focused on the primary known target haematite rich horizons. Additionally, a further RC drilling program of more than 100 holes is planned for the upcoming quarter – hole locations will be partially dependent on data generated by the ground gravity survey and receipt of further assay results; however, several prominent targets require immediate drilling. As the results reported are comparable with peers in the district and throughout the Yilgarn, internal exploration target hurdles have been set for the discovery of high grade Direct Shipping iron ore in the upcoming quarters. Scoping production, treatment and transport studies have commenced in support of these targets. Corporate and exploration activity in close proximity to the Mt Bevan Project has accelerated (refer to Figure 1). Highlights of this activity include: • Jupiter Mines (JMS)

- Haoning Group of China acquire 9.55% holding through placement - Pallinghurst Resources/Red Rock Resources consortium move to 19.38%

holding • Portman Mining (PMM)

- Significant district tenement holding - Tenement swap with Polaris Resources completed

• Iron Mountain (IRM)

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- Portman Mining acquires interest in Mt Richardson and Alfred prospects

• Mindax Resources (MDX) - Pallinghurst Resources Australia/Red Rock Resources consortium acquire a

9.67% holding • BHPBilliton / Western Areas (BHP/WSA)

- Announce high grade Ni-Cu-PGE results at Cathedral Prospect. Hawthorn believes the involvement of these groups in this increasingly prospective district is very positive and could see the discovery of multiple resources in the district. Should such resources eventuate a multi-source transport corridor could occur which will act to ameliorate initial production and start-up costs.

Ian Moody Exploration Manager Hawthorn Resources Limited For further information please contact Ian Moody Exploration Manager 03 9605 5951 Mourice Garbutt Company Secretary 03 9605 5917 The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Ian Moody, who is a Member of the Australasian Institute of Mining and Metallurgy and a full time consultant geologist with First Principle Mineral Exploration Company Pty Ltd. Mr Moody has over 20 years’ experience as a geologist which is relevant to the style of mineralisation and the type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Moody consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Appendix 1 Drill Hole Collar Locations Reported in this Report

Drillhole Collar WGS84_E

Collar WGS84_N

AHD (m) Dip Azimuth Total Depth

MNC003 243302 6776382 521.5 -90° 0° 94m MNC004 243350 6776387 520.5 -90° 0° 94m MNC005 243403 6776390 517.5 -90° 0° 100m MNC006 243459 6776391 516.0 -90° 0° 94m MNC007 243507 6776390 514.5 -90° 0° 88m

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Mt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt MasonMt Mason

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-30º

LEONORA

BROAD ARROW

KALGOORLIE

MENZIES

COMET VALE

ABN 44 009 157 439

Hawthorn Resources Limited

Projection: Longitude / Latitude (Australia GDA94)

0 12.5 5025

kilometres

Figure 1E29/510

Mt Bevan ProjectLocation Plan

Date:26/8/2008

Scale: 1:1000000

Workspace: Mt Bevan Location A4

Author: I Moody

Office: West Perth

Drawing: NicolCAD

MT BEVANPROJECTE29/510

(

Legend

Road

Railway

Town

Resources and prospects

Western Areas / BHPB

Jupiter Mines and JV

Red Rock Resources

Mindax Limited

Portman Mining and JV

Hawthorn Resources Limited

LocationMap

WesternAustralia

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250,

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6,805,000 mN

6,810,000 mN

6,800,000 mN

6,795,000 mN

6,780,000 mN

6,785,000 mN

6,790,000 mN

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00 m

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6,805,000 mN

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6,810,000 mN

6,775,000 mN

25,0

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E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510E 29/510Hawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources LimitedHawthorn Resources Limited

100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%

Mt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceMt Mason ResourceJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter MinesJupiter Mines2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe2.2Mt @ 60.6% Fe

Mt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectMt Alexander ProspectNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuNi-CuWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern AreasWestern Areas

Cathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectCathedral ProspectNi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGENi-Cu-PGEBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western AreasBHPB/Western Areas

ABN 44 009 157 439

Mt Bevan ProjectBIF Ridges and

Geochemistry SamplingFe %

Hawthorn Resources Limited

1.5

kilometres

3

Figure 2

Date: 26/08/2008

Scale: 1:50,000

0

Projection: MGA Zone 51 (GDA 94)

Workspace: 50k air photoDrawing:

Author:

Office:

.................................................

(((((((((((((((((((((((((((((((((((((((((((((((((

(((((((((((((((((((((((((((((((((((((((((((((((((

(((((((((((((((((((((((((((((((((((((((((((((((((

Legend

Prospect

Jupiter "Mt Mason" Prospect Area

BIF units

<55 Percent Fe grab sample

55-60 Percent Fe grab sample

>60 Percent Fe grab sample

Hawthorn "Mt Bevan" Prospect Area

Mt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanMt BevanZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZone

Eastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFEastern BIFZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZoneZone

See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3See Figure 3

For

per

sona

l use

onl

y

6,776,300 mN

6,776,000 mN

6,776,200 mN

6,776,700 mN

243,100 mE 243,200 mE 243,300 mE 243,400 mE 243,500 mE 243,600 mE

6,776,400 mN

6,776,500 mN

6,776,600 mN

6,776,100 mN

Tenement Boundary

E29 / 510Hawthorn Resources

M29 / 510Jupiter Mines

MMRC1097m @ 63.8% Fe from 9m

08RCMM005No intercept

08RCMM007No intercept

MMRC1014m @62.8% Fe from 6m4m @ 61.2% Fe from 11m

MMRC1107m @ 61.7% Fe From 5m6m @ 64.3% Fe from 14m11m @ 61.5% Fe from 40m

08RCMM00414m @ 64.1% Fe from 30m5m @ 59.8% Fe from 48m

08RCMM0084m @ 57.1% Fe from 4mMMRC108

18m @ 61.4% Fe from 7m

08RCMM0062m @ 61.7% Fe from 6m

MMRC11210m @ 54.6% Fe from 2m14m @ 62.0% Fe from 19m13m @ 58.2% Fe from 37m

08RCMM00311m @ 60.3% Fe from 70m

MMRC11125m @ 62.0% Fe from 12m11m @ 61.3% Fe from 49m EOH

042

043

044

045

038

039

040

041

020

021

022

011

012

013

014

015

019

018017

001002 003

004 005 006 007016 046 008

MNC00624m @ 58.2% Fe from 59m8m @ 62.3% Fe from 84m

MNC007No high grade haematiteintercept

MNC003No high grade haematiteintercept

MNC00411m @ 53.4% Fe from 16m17m @ 57.2% Fe from 37minc. 11m @ 60.3% Fe from 43m

MNC00540m @ 61.7% Fe From 48m3m @ 58.7% Fe from 97m EOH

Section 4

Section 3

Section 2

Section 1

Hawthorn 2008 RC

Reference

Hawthorn 2008 RC (assay pending)

Jupiter 2008 RC

Jupiter 2006/07 RC

0 25 10050

metres

Projection: MGA Zone 51 (GDA 94)

Figure 3

Scale: 1:3000

Drawing:

Author:

Office:

Mt Bevan - E29/510Drill Hole Fe Assay

Results

ABN 44 009 157 439

Hawthorn Resources Limited

For

per

sona

l use

onl

y