QUEEN VICTORIA ROCKS

This Project Summary was last updated 2009-06-23 03:25:46.

The Queen Victoria Rocks Project is located south-west of Coolgardie, Western Australia.

The project has historical nickel sulphide intercepts and gold potential.

All tenements are 100% owned by Hannans with Vale farming-in to earn an interest.

Adjoins ground in joint venture with major nickel company Mincor Resources NL.

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January 31, 2010

2nd Quarter Activities Report

Forrestania Project

  • Helicopter geophysical (VTEM) survey at Stormbreaker
  • Prospect successfully completed with anomalies generated
  • Ground geophysical surveys commenced to follow up VTEM anomalies
  • Settlement completed of additional ground at Stormbreaker Prospect
  • Applications made for large landholding (called Skeleton Rocks) adjoining northern boundary of Stormbreaker
  • Flora and fauna survey completed
  • Next phase of RC drilling planned for current Quarter
  • Subsequent to end of Quarter, experienced nickel consultant joins Forrestania Project exploration team

Lake Johnston Project

  • High grade gold returned from 1 metre intervals confirms prospectivity for narrow high grade gold mineralisation

Queen Victoria Rocks Project

  • Joint venture partner Vale completed six holes (mix of RC and diamond) testing nickel targets

Sunday Project

  • Joint venture partner Triton Gold completed three diamond drill holes testing gold targets

Jigalong Projects

  • Acquisition of aeromagnetic data to assist with gold and base metals exploration
  • Manganese sale process deferred through to current Quarter (i.e. 3rd Quarter)

Corporate

  • Warwick Resources Ltd shares converted into Atlas Iron Ltd shares following completion of Scheme of Arrangement
  • Annual General Meeting completed and all resolutions passed
  • Subsequent to end of Quarter, Mr Jonathan Murray appointed as non-executive director
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October 22, 2009

Vale to drill test QVR Nickel Project

  • Vale to drill test Queen Victoria Rocks (QVR) nickel project during October
  • A review of historical data by Vale identifies a number of untested targets prospective for nickel that will be drill tested in October (3 holes)
  • A recent geophysical survey (MLEM) completed by Vale identifies targets prospective for nickel that will also be drill tested in October (3 holes)
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September 22, 2009

$5.5M Capital Raising Completed

  • All recently announced capital raisings ($5.5 million total) now completed
  • Tranche 2 Placement shares tradable from Tuesday, 22 September 2009
  • Drilling for gold at Lake Johnston now completed, assays expected October
  • Drilling for nickel at Forrestania in progress, assays expected October
  • Drilling for nickel at Queen Victoria Rocks by joint venture partner Vale(www.vale.com) scheduled for early October
  • Geophysical survey (VTEM) at Forrestania scheduled for early October
  • Hannans in strong financial position with cash at bank in excess of $6 million and listed equities worth $13 million
     
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September 14, 2009

General Meeting Presentation

General Meeting
14 September 2009

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August 24, 2009

High Grade Gold at Sunday Project

  • High grade gold mineralisation intersected in reverse circulation (RC) drilling: 4m @ 16.68 g/t, from 108m-112m (MSRCH021)
  • Visible alteration with anomalous gold intersected in all drilled RC holes
  • Drilling program managed and funded by Triton Gold Ltd (Triton)
  • The combination of Hannans’ historical activities and Triton’s recent activities confirm the significant high grade gold potential of the Sunday Project
  • Triton entitled to earn up to a 72% interest in gold rights only by funding the next $500,000 of exploration expenditure
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April 30, 2009

3rd Quarter Activities Report

Jigalong Project-Manganese, Iron, Base Metals & Uranium

  • Metallurgical test work on bulk surface manganese samples in progress
  • New surface manganese prospect identified – Dead Camel Hill
  • New possible channel iron-style mesa identified – Mesa 607 – assay 60% Fe
  • Additional field reconnaissance of channel iron-style mesa to continue next week

Forrestania Project– Nickel Sulphides & Gold

  • Approvals lodged to RC drill test geophysical targets – Stormbreaker
  • Fixed loop geophysical survey completed – Beautiful Sunday West
  • Auger soil sampling for gold in progress

Lake Johnston Project – Nickel Sulphides & Gold

  • Auger sampling on Lake Johnston testing gold targets to commence in May
  • 32 gold nuggets found on surface of Lake Johnston
  • RC drilling planned for July to test onshore gold targets
  • New tenement application increases strike length of prospective nickel ground

Queen Victoria Rock Project – Nickel Sulphides

  • Vale farming-in to project
  • Vale has reviewed Hannans existing data
  • Field reconnaissance mapping has been completed
  • Preparations made for completion of baseline environmental survey

Sunday Project– Gold

  • AMF farming-in to project
  • AMF to complete RC drill testing of gold targets in July
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April 15, 2009

Shareholder update

  • Takeover Bid
  • Manganese & Iron
  • Nickel
  • Gold
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October 20, 2008

Vale to explore QVR

  • Companhia Vale do Rio Doce (Vale), the second largest diversified metals and mining company in the world, agrees to explore the QVR nickel sulphide project
  • Subject to Vale meeting key milestones, Hannans to retain a 25% free carried interest through to completion of a bankable feasibility study
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July 16, 2008

Fourth Quarter Activities Report

Joint venture negotiations in progress.

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April 22, 2008

Quarterly Report

Final helicopter borne (VTEM) survey report received, numerous well located anomalies identified substantially increasing nickel prospectivity; anomalies adjacent to positive VTEM results obtained by the Mincor Resources NL / Emu Nickel Ltd JV

Hannans to seek joint venture for QVR Nickel Project

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January 31, 2008

Quarterly Report

Helicopter borne geophysical (VTEM) survey targeting nickel completed; preliminary results define several well located geophysical anomalies

Lithogeochemical study to aid gold exploration commenced

Planning of extensive auger sampling targeting gold in the 3rd Quarter completed

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October 31, 2007

Quarterly Report

A helicopter borne VTEM survey was planned over the QVR magnetic features during the 1st Quarter. Of particular interest is the magnetic feature to the north of the Spargos Ultramafic. It will be flown in conjunction with a major nickel miner, who is in joint venture with tenement holders on the tenure immediately to the west of Hannans ground.

A review of Hannans’ historical exploration results during the 1st Quarter has identified that lithogeochemical studies at the Spargos and Valliant gold prospects may assist drill targeting and identification of a source to the previously identified auger and gold anomalous alteration systems identified in the aircore drilling.

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October 16, 2007

Exploration Plan

A helicopter borne electromagnetic survey (VTEM) has been planned for this Quarter over the QVR magnetic features.

Plans will be made to conduct lithogeochemical studies at the Spargos and Valliant gold prospects that may assist drill targeting and identification of a source to the previously identified

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May 16, 2007

Exploratin Update

RC drill results for nickel have been returned and further geophysical surveys have been planned. Additional aircore programmes for gold have been proposed.

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April 16, 2007

Quarterly Report

Reverse circulation (RC) drilling for nickel in progress to test geophysical targets

Follow-up aircore drilling required to increase understanding of gold-insoil anomalies

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February 12, 2007

New IP anomalies to be drilled at Queen Victoria Rocks

Five discrete untested targets have been identified in a recently completed Induced Polarisation (IP) survey at the Queen Victoria Rocks (QVR) project and will be drill tested in March.

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January 30, 2007

Nickel and Gold Exploration Commences Today at Queen Victoria Rocks

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January 15, 2007

Quarterly Report

Aircore drilling (13,000m approx.) planned for January and February to test significant gold anomalies

Induced polarisation (IP) survey planned for February to refine previously identified electromagnetic (EM) conductors

Reverse circulation (RC) drilling planned for this Quarter to test IP targets for nickel sulphide mineralisation, subject to approvals

Ground EM survey completed during the 2nd Quarter that identified four new EM conductors

Flora survey completed during the 2nd Quarter

Auger sampling for gold completed and results received during the 2nd Quarter with new gold anomalies identified

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December 21, 2006

Four New EM Conductors Identified at QVR Nickel Project

Four new ground geophysical (EM) anomalies have been identified at the Queen Victoria Rock (QVR) Project located 45 km south-west of Coolgardie, Western Australia. These conductors may indicate the presence of sulphides at depth. Induced polarization (IP) surveys are scheduled for January 2007 to better define the conductors prior to drill testing. Drill samples will be assayed for nickel. QVR is 100% owned by Hannans Reward Ltd

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December 11, 2006

Second area of significant gold anomaly at QVR

A further two significant gold-in-auger soil anomalies have been identified at the Queen Victoria Rock (“QVR”) Project located 45 km south-west of Coolgardie, Western Australia. Aircore drilling is being planned to test these anomalies during January and February 2007. QVR is 100% owned by Hannans Reward Ltd

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October 11, 2006

Quarterly Report

Aircore drilling (4,000m approx.) to test significant gold anomaly planned for November, subject to approvals, with results anticipated 2nd Quarter

Ground geophysical survey planned for 2nd Quarter

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September 26, 2006

Significant gold anomaly at Queen Victoria Rocks

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September 7, 2006

QVR North Acquisition

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July 11, 2006

Quarterly Report

Drilling approvals obtained

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April 20, 2006

3rd Quarter Activities Report

Queen Victoria Rocks (near Coolgardie, WA): significant gold / copper anomaly identified during historical data review

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June 7, 2005

QVR Exploration Update

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April 29, 2005

3rd Quarter Report

Assay results pending from recent drilling at QVR nickel sulphide prospect

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April 8, 2005

QVR Drilling commences

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March 15, 2005

QVR nickel sulphide update

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January 18, 2005

Quarterly Report

Downhole electromagnetic surveys identified three significant off-hole conductors that may represent massive nickel sulphides

Drilling returned two separate 1 metre intervals of 1.3% nickel

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November 26, 2004

QVR Nickel Sulphide Prospect

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October 27, 2004

1st Quarter Activities Report

Queen Victoria Rock (QVR) Nickel Sulphide Prospect – Exploration during the quarter confirmed strong background nickel sulphide content in the ultramafic package (results released to the ASX on 12 August 2004). A follow-up seven hole diamond drilling and geophysics program commenced on 24 September 2004 and concluded on 23 October 2004. Results from this program are pending.

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September 24, 2004

QVR Drilling & Nickel Conference

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August 12, 2004

QVR Nickel Update & Initial Results

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July 5, 2004

Quarterly Report

Approvals granted for drill testing at Queen Victoria Rock nickel prospect (near Coolgardie, Western Australia) – all government approvals have now been obtained enabling drill testing to commence. The initial diamond drill hole and down-hole geophysics is anticipated to commence within the fortnight.

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April 20, 2004

Quarterly Report

Progress at Queen Victoria Rock – the moving loop and fixed loop electromagnetic (EM) survey completed at the QVR nickel sulphide prospect (near Coolgardie, Western Australia) has identified three anomalous (abnormal or deviating from general) responses that are interpreted to have bedrock sources (drill targets).

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March 31, 2004

Queen Victoria Rock Interim EM Report

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February 11, 2004

Ground TEM Survey at QVR Commences

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January 30, 2004

Quarterly Report

Four prospecting licences at Queen Victoria Rocks located 50 kms south of Coolgardie were granted on 4 December 2003. The area, known as the Spargos Prospect, has returned intercepts for previous explorers including 1.52m @ 4.55% Ni, 9.15m @ 2.13% Ni and 4.57 m @ 1.30% Ni.

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December 5, 2003

QVR Prospecting Licenses

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November , 2003

Revived Spirits for Queen Victoria

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