AuKing Mining Limited Prospectus

HopgoodGanim Lawyers Page 45 of 46 Schedule 2 – Non-Standard Conditions Tenements Conditions/Endorsements 1. E80/5076 • No interference with Geodetic Survey Stations MOUNT RAMSAY 44, 45, 45A, 60, 175 and 176 and mining within 15 metres thereof being confined to below a depth of 15 metres from the natural surface. • The rights of ingress to and egress from, and to cross over and through, the mining tenement being at all reasonable times preserved to officers of Department of Water and Environmental Regulation (DWER) for inspection and investigation purposes. 2. E80/5076 E80/4389 E80/4766 E80/5127 E80/5263 • No excavation, excepting shafts, approaching closer to the Great Northern Highway, Highway verge or the road reserve than a distance equal to twice the depth of the excavation and mining on the Great Northern Highway or Highway verge being confined to below a depth of 30 metres from the natural surface. 3. E80/4389 • No interference with Geodetic Survey Stations MOUNT RAMSAY 46, 46T, 177, 179 and R16 and mining within 15 metres thereof being confined to below a depth of 15 metres from the natural surface. 4. E80/4389 E80/4766 P80/1802 P80/1803 • Tenement holder must obtain DWER’s advice if the tenement holder proposes any exploration within a defined waterway and within a lateral distance of 50 metres from the outer-most water dependent vegetation of any perennial waterway and 30 metres from the outer-most water dependent vegetation of any seasonal waterway. 5. E80/4766 • Mining within a radius of 150 metres of any Australian Telecommunications Commission microwave repeater station being confined to below a depth of 60 metres from the natural surface. • No interference with the Australian Telecommunications Commission microwave repeater station ray-line. • No interference with Geodetic Survey Stations MOUNT RAMSAY 47 and 180 and mining within 15 metres thereof being confined to below a depth of 15 metres from the natural surface. 6. E80/4766 • The prior written consent of the Minister responsible for the Mining Act 1978 being obtained before commencing any exploration activities on Repeater Station Site Reserve 40320. 7. E80/4960 • No interference with Geodetic Survey Station MOUNT RAMSAY 59 and mining within 15 metres thereof being confined to below a depth of 15 metres from the natural surface. • The prior written consent of the Minister responsible for the Mining Act 1978 being obtained before commencing any exploration activities on Watering Place Reserve 1594. • In respect of the area covered by the licence the licensee, if so requested in writing by the Jaru the applicant in Federal Court application No. WAD45/2012, the Koongie-Elvire the applicant in Federal Court application No. WAD6157/1998 and/or the Ngarrawanji the applicant in Federal Court application No. WAD6107/1998, such request being sent by pre-paid post to reach the licensee’s address, not more than ninety days after the grant of this licence, shall within thirty days of the request execute in favour of the Jaru, the Koongie-Elvire and/or the Ngarrawanji the Regional Standard Heritage Agreement (“RHSA”) endorsed by peak industry groups (e.g. the South West/Ngaanyatjarra/Pilbara/Yamatji/Goldfields Land and Sea Council) and offered by the Native Title Party or their representative. 8. E80/5127 • The prior written consent of the Minister responsible for the Mining Act 1978 being obtained before commencing any exploration activities on Watering Place Reserve 1594 and Recreation Reserve 1595. • No interference with Geodetic Survey Stations GORDON DOWNS 3, 4, 5, 55, 56, 57 and 58 and mining within 15 metres thereof being confined to below a depth of 15 metres from the natural surface. 9. E80/5263 • No interference with Geodetic Survey Stations MOUNT RAMSAY 39, 40, 41, 41T, 42, 43 163, 165, 166, 167, 170, 171 and 185, and mining within 15 metres thereof being confined to below a depth of 15 metres from the natural surface. • The rights of ingress to and egress from Miscellaneous Licence 80/71 being at all times preserved to the licensee and no interference with the purpose or installations connected to the licence. • The grant of this licence does not include the land the subject of prior Exploration Licence 80/2601. If the prior licence expires, is surrendered or forfeited that land may be included in this licence, subject to the provisions of the Third Schedule of the Mining Regulations 1981 titled “Transitional provisions relating to Geocentric Datum of Australia”. 10. M80/276 • No excavation, excepting shafts, approaching closer to the Perth-Darwin National Highway than a distance equal to twice the depth of the excavation. • Mining on the Perth-Darwin National Highway from being confined to below a depth of 30 metres from the natural surface, and on any other road, to below a depth continued 9. S olicitor’s Report on Koongie Park Tenements 200