SCHEDULE OF TENEMENTS

At the end of June 2010 the Krucible tenement package comprised 10 granted EPM’s (Exploration Permits for Minerals) for a total of 1,123 sub blocks (approx. 3,616 sq. km).  These tenements are all 100% owned by Krucible Metals Ltd and are located in Western Queensland.  

In August 2010 Krucible has been advised by the Queensland Department of Mines & Energy (DME) that the following EPM’s have been offered for grant i.e. Simpson Desert Border (EPM 18001) Cowie Mag (EPM 17921) and Lukes Plot (EPM 17613).

In addition there is one tenement (EPM 15072 / Pilgrim) subject to a Joint Venture, whereby Krucible expects to earn 80% equity before the end of July 2010.  This tenement is owned by Superior Uranium Pty Ltd, a 100% owned subsidiary of Deep Yellow Ltd.  

Krucible currently has 9 current EPM Applications which are expected to be granted before July 2011.  These Applications cover an area of 603 sub blocks (approx. 1,942 sq. km).  Korella Phosphate Pty Ltd (a wholly owned subsidiary of Krucible Metals Ltd) has pegged two Mining Lease Applications (MLA’s 90208 and 90209) within the Corella Bore EPM 15572, covering an area of 1,577 hectares.

These MLA’s have been pegged to mine a high grade Phosphate resource located adjacent to the operating Phosphate Hill Mine (owned and operated by Incitec Pivot Ltd).