The Exchange will normally not admit a listing applicant, whose activities consist solely of exploration for minerals, oil or gas, to Catalist unless the listing applicant is able to establish the existence of adequate resources in a defined area where the listing applicant has exploration and exploitation rights, and which must be substantiated by the qualified person's report required under Rule 441. In complying with this Rule, the resource must be at least, in relation to minerals, categorised as an Indicated Resource and, in relation to oil and gas, as a Contingent Resource.

Added on 1 February 20111 February 2011