History

Tectonic's history demonstrates the company's strong ability to
develop and operate successful mining projects.

After listing on the Australian Stock Exchange in January 1993, the company quickly showed its capability as a producer by successfully operating the Mt Dimer gold project for three years. Tectonic then shifted its attention to the exploration, development and operation of the RAV 8 Nickel Sulphide Mine.

More recently, Tectonic has transformed from a nickel producer to a company totally focused on developing its Phillips River project into a significant gold and base metals production venture in south Western Australia.

Key milestones

1993	Listed on Australian Stock Exchange
1994	Acquired the Mt Dimer Gold Project (100%) and begun operations
1996	Entered into an exploration farm in agreement with Homestake Gold of Australia Ltd (now Barrick Gold of Australia Ltd) in which Homestake earned 51% of the Phillips River tenements in return for exploration investment.
1997	Placed Mt Dimer gold mine on care and maintenance after producing more than 126,000 ounces of gold and over 189,000 ounces of silver over a three year period. Discovered a series of three poly-metallic (lead, zinc, copper, gold) anomalies at Phillips River, which was named the Trilogy prospect. Acquired RAV 8 Nickel Sulphide Mine for $3.3 million, and immediately commenced work on a project feasibility study and review of the exploration potential.
1999	Signed an off take agreement with WMC Resources for all of RAV 8's nickel concentrate.
2000	Began open pit mining at RAV 8, commissioned processing plant and produced first nickel concentrate.
2001	Completed open pit mining of RAV 8 and commenced development of the RAV 8 underground mine.
2002	Commenced gold exploration at Kundip.
2003	4.2 million tonne resource estimate announced for the Trilogy deposit subsequent to a 2 year exploration program.
2004	Became 100% owner of Phillips River after acquiring Homestake Gold's interest. Commenced Burnakura Gold Joint Venture (Tectonic 50% production, 30% exploration) Procured treatment facility for Burnakura Project.
2005	Completed initial feasibility study for Phillips River that showed considerable potential for base metal and precious metal production at Kundip and Trilogy. Stopped mining RAV 8 nickel project after reserves were depleted. At RAV 8, Tectonic produced 16,129 tonnes of contained nickel with an average head grade of 3.45% over the five and a half year mine life. Commenced gold production at Burnakura.
2007	Entered into an exploration farm in agreement with Mincor Resources NL, to see Mincor acquire an 80% interest in the RAV 8 tenement over 3 years. Divested Burnakura gold joint venture, having produced a total of 40,549 ounces of gold from 184,460 tonnes at 7.13gt over 2 years. Six month pillar recovery program at RAV 8.
2008	Embarks on an aggressive exploration and evaluation campaign aimed at strengthening the investment case for the Phillips River Project. The ultimate aim is to bring the exciting Phillips River mineral field into production; thereby re-establishing the company as a significant producer.