HIGHLIGHTS For personal use only...2019/10/28 · Page 3 of 24 At the Kit Kat gold prospect,...

Marindi Metals Ltd ASX: MZN

Level 3, 35 Havelock St

West Perth, WA, 6005

T +61 8 9322 2338

[email protected]

www.marindi.com.au

28 October 2019

Two shallow high-grade gold discoveries at Forrestania

First gold-focused drill program intersects significant zones of high-grade mineralisation grading up to 33g/t Au across two key prospects – follow-up drilling already in progress

HIGHLIGHTS

• Two new shallow high-grade gold positions defined during maiden gold drilling programs at the

“Gem” (Gemcutter) and “Crossroads” gold prospects, part of the 100%-owned Forrestania Gold-

Lithium Project in WA.

• At the Gemcutter prospect, on the Gem Mining Lease (M77/549), RC drilling has intersected:

o 21m @ 3.20g/t gold from 34m, including 3m @ 4.58g/t and 1m @ 33.10g/t (GPRC0041)

o 15m @ 0.51g/t gold from 48m, including 2m @ 3.32g/t (GPRC0042)

o 9m @ 0.66g/t gold from 81m, including 1m @ 4.84g/t (GPRC0046)

• At the Crossroads prospect, RC drilling has intersected:

o 1m @ 15.70g/t (CRRC0001)

o 2m @ 3.51g/t gold from 23m, including 1m @ 6.29g/t (CRRC0005)

o 1m @ 16.70g/t gold from 73m (CRRC0006)

• RC drill rig has resumed drilling to test extensions of the high-grade zone identified at the Gemcutter

prospect both down-plunge and along strike.

• Following completion of the current program at Gemcutter, the rig will then move to undertake

additional drilling at Crossroads.

Marindi Metals Ltd (ASX: MZN; Marindi or the Company) is pleased to advise that it has intersected significant zones of shallow high-grade gold across two emerging prospects at its 100%-owned Forrestania Gold-Lithium Project in WA (see Figure 1).

The recently completed gold-focused Reverse Circulation (RC) drill campaign tested the north-eastern extent of the Kit Kat gold prospect, as well as the porphyry-associated “Gemcutter” gold prospect on its 100%-owned Gem Mining Lease (M77/549) and the “Crossroads” gold prospect in the centre of Marindi’s highly prospective tenure (see Figure 1).

Drilling at the Gem Mining Lease to test a porphyry-associated gold target, developed by the Marindi exploration team after analyses of a historical (1974) nickel drill-hole, returned thick zones of high-grade gold assays from shallow depths. The new Gemcutter gold prospect is an exciting shallow high-grade gold discovery that is currently being further evaluated by 650m of follow-up RC drilling (see Figures 2 and 3).

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Further south at the Crossroads gold prospect, RC drilling was undertaken to follow up on private soil sampling data and shallow costeaning. The drilling intersected a 400m long NW-SE trending zone consisting of several narrow but very high-grade gold intercepts in quartz veins with associated sulphide wall-rock alteration at shallow depths (see Figure 4).

Figure 1. Marindi Forrestania Gold Project – High priority gold prospects

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At the Kit Kat gold prospect, drilling intersected several prospective structures and returned encouraging low-level gold values from quartz veining visually similar to, and hosted in the same rocks as, those seen at the nearby Kat Gap high-grade gold prospect. Despite this technical success, no significant mineralised intercepts were returned during this campaign. Gemcutter Gold Prospect In the first gold-focused RC drilling undertaken on the Gem Mining Lease, Marindi returned 21m @ 3.20g/t gold from 34m, including 3m @ 4.58g/t and 1m @ 33.10g/t (GPRC0041). Subsequent drill-holes GPRC0042 and GPRC0046, drilled on the same section (35-50m spacing) and down-dip of the discovery hole, also intersected thick, shallow gold mineralisation in a pervasive chlorite alteration/quartz-vein zone sitting on a shallow west-dipping ultramafic/mafic contact. (Fig.2). Due to the apparent significance of the discovery, Marindi has decided to differentiate the gold prospect from the nearby Gem pegmatite mine by naming the prospect the Gemcutter gold prospect.

Figure 2. Gemcutter gold prospect – Cross-section 6435310mN showing shallow thick zone of alteration and gold mineralisation. Also shown are planned follow-up drill-holes currently underway.

“The founding theory behind targeting the Gemcutter gold prospect was developed by the Marindi exploration team after analysing historical data and creating a working geological model for drill testing,” said Marindi’s Managing Director, Simon Lawson. “The first drill-hole to test this model bore immediate fruit with a thick intercept of mineralisation comprising 21m at 3.2g/t from 34m down-hole including a narrow, much higher-grade zone on the footwall contact grading up to 33g/t Au.”

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“Subsequent drilling has demonstrated the continuity of the mineralisation down-plunge and justified our decision to rapidly resume further drilling. In addition, our strategic acquisition of 100% ownership of the M77/549 tenement earlier this year ensures we had already secured 100% of the potential value contained within this discovery for our shareholders.”

Figure 3. Gemcutter gold prospect – Plan view on simplified geology with significant intercepts.

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Crossroads Gold Prospect

The Crossroads gold prospect was developed from historic private data purchased from local landholders in 2018 (see ASX announcement dated 26th November 2018). Previous work included shallow soil sampling and related shallow costeaning (trenching). After analysing the data and discussions with the previous landholders, the Marindi geology team identified a potential NW-SE trend to drill test.

The first east-dipping RC drill-hole completed by Marindi at this target intersected 1m @ 15.70g/t from 20m down-hole (CRRC0001). The high-grade gold is hosted in steeply west-dipping quartz veins within a weakly to moderately altered mafic unit adjacent to and overlying a strongly deformed granite (Fig.4).

Figure 4. Crossroads gold prospect – Plan view on simplified geology with significant intercepts.

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Further drilling on a section 100m to the north, along the NW-SE trend, intersected 1m @ 16.70g/t from 73m down-hole (CRRC0006) quickly followed by additional success 200m north-west intersecting a further 2m @ 3.51g/t, including 1m @ 6.29g/t from 23m down-hole (CRRC0005). Kit Kat Gold Prospect Marindi’s maiden reconnaissance program at the Kit Kat prospect covered roughly half a square kilometre of the 10km2 of high-potential sheared granite/greenstone contact zone which the Company holds in the south of the Forrestania Project. The geological potential of the area is demonstrated by the emerging Kat Gap high-grade gold prospect to the north (owned by Classic Minerals) and the historical high-grade quartz-vein-hosted Hatters Hill gold field (owned by Western Areas) to the south. The geology encountered in the first drill campaign was slightly different to what was interpreted from the ground-based geophysics conducted earlier this year. Due to the presence of magnetite alteration (discovered during drilling) adjacent to the main granite/greenstone contact, the geophysical contrast model being used by the Company’s exploration team will need to be adjusted to account for this highly magnetic feature. On a positive note, the magnetite alteration may be associated with pervasive metal-rich fluids flowing down the shear zone being targeted and may be another potential indicator of nearby high-grade gold mineralisation. The Company will further refine its targeting strategy at Kit Kat based on the observations from the first gold-focused RC drill program conducted over this high-potential structural target. The next drill program at Kit Kat will consist of air-core drilling as a more cost-effective “interim” drill method compared to RC drilling, allowing a wider area to be evaluated in order to refine targeting for follow-up RC drilling. Management Comment Marindi’s Managing Director, Simon Lawson, said the exciting results generated at the Gemcutter and Crossroads prospects clearly demonstrated the enormous untapped gold potential within the 1,000km2 Forrestania Project. “Generating consistent, shallow high-grade gold intercepts at two out of three prospects tested in our very first gold-focused drilling campaign is a huge result for our shareholders,” he said. “While we may not have discovered a high-grade position at Kit Kat yet, we tested only a very small area in this campaign. We remain committed to the geological setting and gold potential of the area and look forward to further testing the remaining 9.5km of that highly prospective regional-scale shear-zone. “In the short term, our focus is back at Gemcutter and Crossroads, where further drilling is already underway to follow-up on the high-grade results reported in this announcement. We look forward to providing further updates on this drilling in the near future.”

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Competent Persons Statement

Information in this release that relates to Exploration Results is based on information prepared by Mr Simon Lawson a Member of the Australasian Institution of Mining and Metallurgy and the Australian Institute of Geoscientists Mr Lawson is the Managing Director of Marindi Metals Ltd, a full-time employee and shareholder. Mr Lawson has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Lawson consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

Investor Inquiries Marindi Metals Limited 08 9322 2338 [email protected]

Media Inquiries Read Corporate Nicholas Read 08 9388 1474 [email protected]

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Table 1a – Drill Hole Collar Table

Hole_ID MGA_E MGA_N RL_m Hole Depth Type Dip Azimuth

CRRC0001 759508 6407058 380 90 RC -60 93

CRRC0002 759518 6407058 382 60 RC -60 90

CRRC0003 759490 6407061 382 84 RC -60 90

CRRC0004 759358 6407329 384 90 RC -60 91

CRRC0005 759339 6407328 382 54 RC -60 90

CRRC0006 759469 6407148 382 78 RC -60 92

CRRC0007 759442 6407141 382 78 RC -60 90

CRRC0008 759418 6407143 382 78 RC -60 91

KKRC0001 768992 6369010 348 96 RC -60 227

KKRC0002 768959 6368982 346 96 RC -60 227

KKRC0003 768931 6368954 343 96 RC -60 229

KKRC0004 768894 6368926 342 60 RC -60 229

KKRC0005 769216 6368669 371 60 RC -60 227

KKRC0006 769141 6368728 367 60 RC -60 227

KKRC0007 769152 6368870 362 102 RC -60 227

KKRC0008 769119 6368839 362 84 RC -60 227

KKRC0009 769057 6368920 359 114 RC -60 227

KKRC0010 768898 6369060 396 120 RC -60 227

KKRC0011 768908 6368940 388 72 RC -90 0

GPRC0041 763586 6435309 383 60 RC -60 88

GPRC0042 763565 6435307 383 84 RC -60 86

GPRC0043 763617 6435316 382 114 RC -60 86

GPRC0044 763686 6435244 384 96 RC -60 89

GPRC0045 763637 6435238 383 102 RC -60 88

GPRC0046 763524 6435308 384 96 RC -60 90

GPRC0047 763548 6435381 386 120 RC -60 93

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Table 1b Assays

Hole ID Sample ID From To Au-AA26 (ppm) Au-AA15 (ppm)

GPRC0041 MZN15689 0 4 NA <0.01

GPRC0041 MZN15690 4 8 NA <0.01

GPRC0041 MZN15691 8 12 NA <0.01

GPRC0041 MZN15692 12 13 NA 0.01

GPRC0041 MZN15693 13 14 NA <0.01

GPRC0041 MZN15694 14 15 NA <0.01

GPRC0041 MZN15695 15 16 NA <0.01

GPRC0041 MZN15696 16 17 NA 0.01

GPRC0041 MZN15697 17 21 NA 0.04

GPRC0041 MZN15698 21 25 NA 0.04

GPRC0041 MZN15699 25 29 NA 0.01

GPRC0041 MZN15700 29 33 NA 0.01

GPRC0041 MZN15701 33 36 NA 0.16

GPRC0041 MZN15200 33 34 0.03 NA

GPRC0041 MZN15201 34 35 0.11 NA

GPRC0041 MZN15202 35 36 1.9 NA

GPRC0041 MZN15702 36 37 NA 4.17

GPRC0041 MZN15703 37 38 NA 4.21

GPRC0041 MZN15704 38 39 NA 5.35

GPRC0041 MZN15705 39 40 NA 2.44

GPRC0041 MZN15706 40 41 NA 2.23

GPRC0041 MZN15707 41 42 NA 4.1

GPRC0041 MZN15708 42 44 NA 2.88

GPRC0041 MZN15203 42 43 2.77 NA

GPRC0041 MZN15204 43 44 1.7 NA

GPRC0041 MZN15205 44 45 1.06 NA

GPRC0041 MZN15206 45 46 0.31 NA

GPRC0041 MZN15207 46 47 0.1 NA

GPRC0041 MZN15208 47 48 0.23 NA

GPRC0041 MZN15709 44 48 NA 0.34

GPRC0041 MZN15710 48 52 NA 4.17

GPRC0041 MZN15209 48 49 0.03 NA

GPRC0041 MZN15210 49 50 0.03 NA

GPRC0041 MZN15211 50 51 0.02 NA

GPRC0041 MZN15212 51 52 33.1 NA

GPRC0041 MZN15215 52 53 2.95 NA

GPRC0041 MZN15216 53 54 0.03 NA

GPRC0041 MZN15217 54 55 0.35 NA

GPRC0041 MZN15218 55 56 0.02 NA

GPRC0041 MZN15219 56 57 0.05 NA

GPRC0041 MZN15220 57 58 0.01 NA

GPRC0041 MZN15221 58 59 0.01 NA

GPRC0041 MZN15222 59 60 0.01 NA

GPRC0042 MZN15711 0 4 NA 0.05

GPRC0042 MZN15712 4 8 NA 0.06

GPRC0042 MZN15713 8 12 NA 0.02

GPRC0042 MZN15714 12 16 NA 0.04

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GPRC0042 MZN15715 16 20 NA <0.01

GPRC0042 MZN15716 20 24 NA 0.02

GPRC0042 MZN15717 24 28 NA <0.01

GPRC0042 MZN15718 28 32 NA 0.01

GPRC0042 MZN15719 32 36 NA 0.01

GPRC0042 MZN15720 36 40 NA 0.01

GPRC0042 MZN15721 40 44 NA <0.01

GPRC0042 MZN15722 44 48 NA <0.01

GPRC0042 MZN15723 48 52 NA 0.11

GPRC0042 MZN15724 52 54 NA 0.07

GPRC0042 MZN15725 54 55 NA <0.01

GPRC0042 MZN15726 55 56 NA 1.76

GPRC0042 MZN15727 56 57 NA 4.87

GPRC0042 MZN15728 57 58 NA 0.03

GPRC0042 MZN15729 58 59 NA 0.28

GPRC0042 MZN15730 59 63 NA 0.04

GPRC0043 MZN15100 0 2 0.03 NA

GPRC0043 MZN15101 2 4 0.02 NA

GPRC0043 MZN15102 4 6 0.01 NA

GPRC0043 MZN15103 6 8 0.04 NA

GPRC0043 MZN15104 8 10 0.04 NA

GPRC0043 MZN15105 10 12 0.04 NA

GPRC0043 MZN15106 12 13 0.01 NA

GPRC0043 MZN15107 13 14 0.02 NA

GPRC0043 MZN15108 14 15 0.01 NA

GPRC0043 MZN15110 15 16 0.02 NA

GPRC0043 MZN15111 16 17 0.03 NA

GPRC0043 MZN15112 17 18 0.02 NA

GPRC0043 MZN15113 18 19 0.07 NA

GPRC0043 MZN15114 19 20 0.08 NA

GPRC0043 MZN15115 20 21 0.08 NA

GPRC0043 MZN15116 21 22 0.14 NA

GPRC0043 MZN15117 22 23 0.09 NA

GPRC0043 MZN15118 23 24 0.08 NA

GPRC0043 MZN15119 24 25 0.05 NA

GPRC0043 MZN15120 25 26 0.04 NA

GPRC0043 MZN15121 26 27 0.07 NA

GPRC0043 MZN15122 27 28 0.06 NA

GPRC0043 MZN15123 28 29 0.06 NA

GPRC0043 MZN15124 29 30 0.03 NA

GPRC0043 MZN15127 30 31 0.08 NA

GPRC0043 MZN15128 31 32 0.03 NA

GPRC0043 MZN15129 32 33 0.04 NA

GPRC0043 MZN15130 33 34 0.05 NA

GPRC0043 MZN15131 34 35 0.09 NA

GPRC0043 MZN15132 35 36 0.05 NA

GPRC0043 MZN15133 36 37 0.05 NA

GPRC0043 MZN15134 37 38 0.03 NA

GPRC0043 MZN15135 38 39 0.04 NA

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GPRC0043 MZN15136 39 40 0.02 NA

GPRC0043 MZN15137 40 41 0.01 NA

GPRC0043 MZN15138 41 42 0.01 NA

GPRC0043 MZN15139 42 43 0.01 NA

GPRC0043 MZN15140 43 44 0.02 NA

GPRC0043 MZN15141 44 45 0.02 NA

GPRC0043 MZN15142 45 46 0.02 NA

GPRC0043 MZN15143 46 47 0.02 NA

GPRC0043 MZN15144 47 48 0.02 NA

GPRC0043 MZN15731 48 49 NA <0.01

GPRC0043 MZN15145 49 50 0.03 NA

GPRC0043 MZN15732 70 71 NA <0.01

GPRC0043 MZN15733 71 72 NA <0.01

GPRC0043 MZN15734 72 73 NA <0.01

GPRC0043 MZN15735 80 81 NA <0.01

GPRC0043 MZN15736 87 88 NA 0.01

GPRC0043 MZN15737 88 89 NA <0.01

GPRC0043 MZN15738 89 90 NA 0.02

GPRC0044 MZN15739 45 46 NA <0.01

GPRC0044 MZN15740 54 55 NA <0.01

GPRC0045 MZN15741 85 89 NA <0.01

GPRC0045 MZN15742 89 92 NA <0.01

GPRC0046 MZN15743 73 74 NA <0.01

GPRC0046 MZN15744 74 75 NA <0.01

GPRC0046 MZN15745 75 79 NA 0.08

GPRC0046 MZN15746 79 81 NA <0.01

GPRC0046 MZN15747 81 82 NA 4.84

GPRC0046 MZN15748 82 86 NA 0.16

GPRC0046 MZN15749 86 90 NA 0.11

GPRC0047 MZN15147 70 71 0.01 NA

GPRC0047 MZN15148 71 72 0.03 NA

GPRC0047 MZN15149 72 73 0.03 NA

GPRC0047 MZN15150 73 74 0.06 NA

GPRC0047 MZN15151 74 75 0.04 NA

GPRC0047 MZN15152 75 76 0.04 NA

GPRC0047 MZN15153 76 77 0.03 NA

GPRC0047 MZN15154 77 78 0.02 NA

GPRC0047 MZN15155 78 79 0.01 NA

GPRC0047 MZN15156 79 80 0.02 NA

GPRC0047 MZN15157 80 81 0.01 NA

GPRC0047 MZN15158 81 82 0.02 NA

GPRC0047 MZN15159 82 83 0.01 NA

GPRC0047 MZN15160 83 84 0.01 NA

GPRC0047 MZN15161 84 85 0.01 NA

GPRC0047 MZN15162 85 86 0.03 NA

GPRC0047 MZN15163 86 87 0.01 NA

GPRC0047 MZN15164 87 88 0.01 NA

GPRC0047 MZN15165 88 89 0.02 NA

GPRC0047 MZN15166 89 90 0.01 NA

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GPRC0047 MZN15167 90 91 <0.01 NA

GPRC0047 MZN15168 91 92 0.01 NA

GPRC0047 MZN15169 92 93 0.01 NA

GPRC0047 MZN15170 93 94 <0.01 NA

GPRC0047 MZN15171 94 95 0.01 NA

GPRC0047 MZN15172 95 96 0.01 NA

GPRC0047 MZN15173 96 97 0.01 NA

GPRC0047 MZN15176 97 98 0.01 NA

GPRC0047 MZN15177 98 99 0.02 NA

GPRC0047 MZN15178 99 100 0.01 NA

GPRC0047 MZN15179 100 101 0.01 NA

GPRC0047 MZN15180 101 102 0.01 NA

GPRC0047 MZN15181 102 103 0.01 NA

GPRC0047 MZN15182 103 104 <0.01 NA

GPRC0047 MZN15183 104 105 0.02 NA

GPRC0047 MZN15184 105 106 <0.01 NA

GPRC0047 MZN15185 106 107 0.01 NA

GPRC0047 MZN15186 107 108 0.01 NA

GPRC0047 MZN15187 108 109 <0.01 NA

GPRC0047 MZN15189 109 110 0.01 NA

GPRC0047 MZN15190 110 111 0.01 NA

GPRC0047 MZN15191 111 112 <0.01 NA

GPRC0047 MZN15192 112 113 0.01 NA

GPRC0047 MZN15193 113 114 0.01 NA

GPRC0047 MZN15194 114 115 0.01 NA

GPRC0047 MZN15195 115 116 0.01 NA

GPRC0047 MZN15196 116 117 <0.01 NA

GPRC0047 MZN15197 117 118 0.01 NA

GPRC0047 MZN15198 118 119 <0.01 NA

GPRC0047 MZN15199 119 120 0.01 NA

CRRC0001 MZN15386 3 4 <0.01 <0.01

CRRC0001 MZN15387 4 5 <0.01 0.02

CRRC0001 MZN15388 5 6 <0.01 <0.01

CRRC0001 MZN15389 6 7 <0.01 <0.01

CRRC0001 MZN15390 7 8 0.01 <0.01

CRRC0001 MZN15391 8 9 0.01 <0.01

CRRC0001 MZN15392 9 10 0.01 <0.01

CRRC0001 MZN15393 10 11 0.01 <0.01

CRRC0001 MZN15394 11 12 <0.01 <0.01

CRRC0001 MZN15395 12 13 0.01 <0.01

CRRC0001 MZN15396 13 14 0.01 <0.01

CRRC0001 MZN15397 14 15 0.02 0.04

CRRC0001 MZN15398 15 16 0.02 <0.01

CRRC0001 MZN15399 16 17 0.01 <0.01

CRRC0001 MZN15400 17 18 0.01 <0.01

CRRC0001 MZN15401 18 19 0.07 0.04

CRRC0001 MZN15402 19 20 0.02 <0.01

CRRC0001 MZN15403 20 21 15.7 14.1

CRRC0001 MZN15404 21 22 0.03 0.01

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CRRC0001 MZN15405 22 23 0.66 0.74

CRRC0001 MZN15406 23 24 0.05 0.05

CRRC0001 MZN15407 24 25 0.05 0.06

CRRC0001 MZN15408 25 29 0.25 0.25

CRRC0001 MZN15409 29 33 0.11 0.1

CRRC0001 MZN15410 33 37 0.06 0.01

CRRC0001 MZN15411 37 38 0.01 <0.01

CRRC0001 MZN15412 46 47 0.01 0.02

CRRC0002 MZN15413 0 3 0.06 <0.01

CRRC0002 MZN15414 3 4 <0.01 <0.01

CRRC0002 MZN15415 4 5 <0.01 <0.01

CRRC0002 MZN15416 5 6 <0.01 <0.01

CRRC0002 MZN15417 6 7 <0.01 <0.01

CRRC0002 MZN15418 7 8 <0.01 <0.01

CRRC0002 MZN15419 8 12 <0.01 <0.01

CRRC0002 MZN15420 12 16 <0.01 <0.01

CRRC0002 MZN15421 16 20 0.02 0.03

CRRC0002 MZN15422 20 24 0.01 0.01

CRRC0002 MZN15423 24 28 0.02 <0.01

CRRC0002 MZN15424 28 29 <0.01 <0.01

CRRC0002 MZN15425 29 30 <0.01 <0.01

CRRC0002 MZN15426 30 31 0.01 <0.01

CRRC0002 MZN15427 31 32 <0.01 <0.01

CRRC0002 MZN15428 32 33 <0.01 <0.01

CRRC0002 MZN15429 33 34 <0.01 <0.01

CRRC0002 MZN15430 34 35 <0.01 <0.01

CRRC0002 MZN15431 35 36 0.02 0.01

CRRC0002 MZN15432 36 37 <0.01 <0.01

CRRC0002 MZN15433 37 38 <0.01 <0.01

CRRC0003 MZN15434 3 4 <0.01 <0.01

CRRC0003 MZN15435 4 5 <0.01 <0.01

CRRC0003 MZN15436 5 6 <0.01 0.03

CRRC0003 MZN15437 6 7 <0.01 0.06

CRRC0003 MZN15438 7 8 <0.01 0.03

CRRC0003 MZN15439 8 9 <0.01 0.02

CRRC0003 MZN15440 9 10 <0.01 0.06

CRRC0003 MZN15441 10 11 <0.01 0.06

CRRC0003 MZN15442 11 12 <0.01 0.07

CRRC0003 MZN15443 12 13 <0.01 0.03

CRRC0003 MZN15444 13 14 <0.01 0.03

CRRC0003 MZN15445 14 15 <0.01 0.04

CRRC0003 MZN15446 15 16 0.01 0.04

CRRC0003 MZN15447 16 17 <0.01 0.03

CRRC0003 MZN15448 17 18 <0.01 0.03

CRRC0003 MZN15449 18 19 <0.01 <0.01

CRRC0003 MZN15450 19 20 <0.01 0.03

CRRC0003 MZN15451 20 21 <0.01 0.05

CRRC0003 MZN15452 21 22 <0.01 0.01

CRRC0003 MZN15453 22 23 <0.01 0.01

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CRRC0003 MZN15454 23 24 <0.01 <0.01

CRRC0003 MZN15455 24 25 0.03 0.07

CRRC0003 MZN15456 30 31 0.02 0.07

CRRC0003 MZN15457 33 34 0.01 0.06

CRRC0003 MZN15458 38 40 0.01 0.05

CRRC0003 MZN15459 43 45 <0.01 0.03

CRRC0003 MZN15460 45 46 <0.01 0.04

CRRC0003 MZN15461 46 47 <0.01 0.01

CRRC0003 MZN15462 47 48 <0.01 <0.01

CRRC0003 MZN15463 48 49 <0.01 0.02

CRRC0003 MZN15464 74 75 <0.01 0.01

CRRC0003 MZN15465 75 76 <0.01 <0.01

CRRC0003 MZN15466 76 77 <0.01 0.02

CRRC0003 MZN15467 77 78 0.17 0.16

CRRC0003 MZN15468 78 79 0.09 0.09

CRRC0003 MZN15469 79 80 0.04 0.02

CRRC0004 MZN15470 7 8 0.02 0.07

CRRC0004 MZN15471 8 9 0.01 0.01

CRRC0004 MZN15472 9 10 <0.01 <0.01

CRRC0004 MZN15473 10 11 <0.01 0.01

CRRC0004 MZN15474 11 12 0.01 0.01

CRRC0004 MZN15475 12 13 <0.01 <0.01

CRRC0004 MZN15476 13 14 <0.01 <0.01

CRRC0004 MZN15477 14 15 0.04 <0.01

CRRC0004 MZN15478 25 26 0.11 0.08

CRRC0004 MZN15479 26 27 0.11 0.2

CRRC0004 MZN15480 27 28 0.33 0.39

CRRC0004 MZN15481 29 30 0.22 0.27

CRRC0004 MZN15482 30 31 0.14 0.19

CRRC0004 MZN15483 31 32 0.21 0.23

CRRC0004 MZN15484 54 58 0.01 0.04

CRRC0004 MZN15485 62 63 0.01 0.04

CRRC0004 MZN15486 65 66 0.02 0.01

CRRC0005 MZN15487 7 8 0.03 0.05

CRRC0005 MZN15488 8 9 <0.01 0.05

CRRC0005 MZN15489 9 10 <0.01 0.05

CRRC0005 MZN15490 10 11 <0.01 0.06

CRRC0005 MZN15491 11 12 <0.01 0.07

CRRC0005 MZN15492 12 13 <0.01 0.05

CRRC0005 MZN15493 13 14 <0.01 0.07

CRRC0005 MZN15494 14 15 0.01 0.09

CRRC0005 MZN15495 15 16 0.04 0.11

CRRC0005 MZN15496 16 17 0.09 0.13

CRRC0005 MZN15497 17 18 0.14 0.18

CRRC0005 MZN15498 18 19 0.19 0.26

CRRC0005 MZN15499 19 20 0.06 0.12

CRRC0005 MZN15500 20 21 0.03 0.11

CRRC0005 MZN15501 21 22 0.02 0.05

CRRC0005 MZN15502 22 23 0.04 0.07

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CRRC0005 MZN15503 23 24 0.51 0.29

CRRC0005 MZN15504 24 25 0.15 0.26

CRRC0005 MZN15505 25 26 0.08 0.17

CRRC0005 MZN15506 26 27 0.09 0.15

CRRC0005 MZN15507 27 28 0.74 0.78

CRRC0005 MZN15508 28 29 6.27 7.55

CRRC0005 MZN15509 29 30 0.1 0.16

CRRC0005 MZN15510 30 31 0.06 0.18

CRRC0005 MZN15511 31 32 0.02 0.06

CRRC0005 MZN15512 32 33 0.1 0.11

CRRC0005 MZN15513 39 42 0.1 0.07

CRRC0005 MZN15514 48 49 0.03 <0.01

CRRC0006 MZN15515 3 4 <0.01 0.03

CRRC0006 MZN15516 4 5 <0.01 0.04

CRRC0006 MZN15517 5 6 0.02 0.01

CRRC0006 MZN15518 6 7 0.01 <0.01

CRRC0006 MZN15519 7 8 <0.01 <0.01

CRRC0006 MZN15520 8 9 <0.01 <0.01

CRRC0006 MZN15521 9 10 <0.01 <0.01

CRRC0006 MZN15522 10 11 <0.01 <0.01

CRRC0006 MZN15523 11 12 <0.01 <0.01

CRRC0006 MZN15524 12 13 <0.01 <0.01

CRRC0006 MZN15525 13 14 0.03 <0.01

CRRC0006 MZN15526 14 15 <0.01 <0.01

CRRC0006 MZN15527 15 16 <0.01 <0.01

CRRC0006 MZN15528 16 17 0.01 <0.01

CRRC0006 MZN15529 17 18 0.01 <0.01

CRRC0006 MZN15530 18 19 0.02 <0.01

CRRC0006 MZN15531 19 20 <0.01 <0.01

CRRC0006 MZN15532 20 21 0.04 0.06

CRRC0006 MZN15533 21 22 0.03 0.03

CRRC0006 MZN15534 22 23 0.02 0.01

CRRC0006 MZN15535 23 24 0.03 <0.01

CRRC0006 MZN15536 24 25 0.09 0.13

CRRC0006 MZN15537 25 26 <0.01 0.04

CRRC0006 MZN15538 36 39 0.5 0.65

CRRC0006 MZN15539 58 59 0.19 0.22

CRRC0006 MZN15540 73 74 16.7 15.15

CRRC0007 MZN15541 4 5 <0.01 <0.01

CRRC0007 MZN15542 5 6 0.01 0.01

CRRC0007 MZN15543 6 7 0.01 0.02

CRRC0007 MZN15544 7 8 0.05 0.05

CRRC0007 MZN15545 8 9 <0.01 0.01

CRRC0007 MZN15546 9 10 0.01 <0.01

CRRC0007 MZN15547 10 11 <0.01 0.01

CRRC0007 MZN15548 11 12 0.01 <0.01

CRRC0007 MZN15549 12 13 <0.01 <0.01

CRRC0007 MZN15550 13 14 <0.01 <0.01

CRRC0007 MZN15551 14 15 <0.01 <0.01

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CRRC0007 MZN15552 15 16 <0.01 <0.01

CRRC0007 MZN15553 16 17 <0.01 <0.01

CRRC0007 MZN15554 17 18 <0.01 <0.01

CRRC0007 MZN15555 18 19 <0.01 <0.01

CRRC0007 MZN15556 19 20 <0.01 <0.01

CRRC0007 MZN15557 20 21 <0.01 0.02

CRRC0007 MZN15558 21 22 <0.01 <0.01

CRRC0007 MZN15559 22 23 <0.01 <0.01

CRRC0007 MZN15560 23 24 <0.01 <0.01

CRRC0007 MZN15561 24 25 <0.01 0.05

CRRC0007 MZN15562 25 26 0.01 0.03

CRRC0007 MZN15563 26 27 0.01 0.02

CRRC0007 MZN15564 27 28 <0.01 <0.01

CRRC0007 MZN15565 28 29 <0.01 <0.01

CRRC0007 MZN15566 29 30 0.01 0.01

CRRC0007 MZN15567 30 31 0.07 0.05

CRRC0007 MZN15568 31 32 0.02 <0.01

CRRC0007 MZN15569 32 33 0.02 0.01

CRRC0007 MZN15570 33 34 0.01 <0.01

CRRC0007 MZN15571 34 35 <0.01 <0.01

CRRC0007 MZN15572 46 47 0.03 <0.01

CRRC0008 MZN15573 1 2 0.02 <0.01

CRRC0008 MZN15574 2 3 <0.01 <0.01

CRRC0008 MZN15575 3 4 <0.01 <0.01

CRRC0008 MZN15576 4 5 <0.01 <0.01

CRRC0008 MZN15577 5 6 <0.01 <0.01

CRRC0008 MZN15578 6 7 0.01 <0.01

CRRC0008 MZN15579 7 8 <0.01 <0.01

CRRC0008 MZN15580 8 9 <0.01 <0.01

CRRC0008 MZN15581 9 10 <0.01 <0.01

CRRC0008 MZN15582 10 11 <0.01 <0.01

CRRC0008 MZN15583 11 12 <0.01 <0.01

CRRC0008 MZN15584 12 13 <0.01 <0.01

CRRC0008 MZN15585 13 14 <0.01 <0.01

CRRC0008 MZN15586 14 15 <0.01 <0.01

CRRC0008 MZN15587 15 16 <0.01 <0.01

CRRC0008 MZN15588 16 17 0.02 <0.01

CRRC0008 MZN15589 17 18 0.17 0.17

CRRC0008 MZN15590 18 19 0.12 0.12

CRRC0008 MZN15591 19 20 0.15 0.17

CRRC0008 MZN15592 20 21 0.06 0.1

CRRC0008 MZN15593 21 22 0.06 0.04

CRRC0008 MZN15594 22 23 0.08 0.11

CRRC0008 MZN15595 72 73 <0.01 0.01

KKRC0001 MZN15596 65 66 NA 0.04

KKRC0001 MZN15597 84 85 NA 0.04

KKRC0001 MZN15598 89 90 NA 0.02

KKRC0002 MZN15599 55 56 NA 0.15

KKRC0002 MZN15600 56 57 NA 0.03

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KKRC0002 MZN15601 81 82 NA 0.04

KKRC0002 MZN15602 87 88 NA 0.1

KKRC0002 MZN15603 88 89 NA <0.01

KKRC0003 MZN15604 13 16 NA <0.01

KKRC0003 MZN15605 16 17 NA <0.01

KKRC0003 MZN15606 61 62 NA 0.1

KKRC0003 MZN15607 62 66 NA <0.01

KKRC0003 MZN15608 66 67 NA 0.03

KKRC0003 MZN15609 67 68 NA 0.05

KKRC0003 MZN15610 68 72 NA 0.03

KKRC0004 MZN15611 8 9 NA 0.06

KKRC0004 MZN15612 9 10 NA 0.01

KKRC0004 MZN15613 10 11 NA <0.01

KKRC0004 MZN15614 11 12 NA <0.01

KKRC0004 MZN15615 12 13 NA 0.04

KKRC0004 MZN15616 13 14 NA <0.01

KKRC0004 MZN15617 14 15 NA <0.01

KKRC0004 MZN15618 15 16 NA 0.01

KKRC0004 MZN15619 16 17 NA <0.01

KKRC0004 MZN15620 17 18 NA <0.01

KKRC0004 MZN15621 18 19 NA <0.01

KKRC0004 MZN15622 19 20 NA <0.01

KKRC0004 MZN15623 20 21 NA <0.01

KKRC0004 MZN15624 21 22 NA 0.01

KKRC0004 MZN15625 22 23 NA 0.04

KKRC0004 MZN15626 23 24 NA 0.01

KKRC0004 MZN15627 24 25 NA <0.01

KKRC0004 MZN15628 25 26 NA <0.01

KKRC0004 MZN15629 26 27 NA <0.01

KKRC0004 MZN15630 27 28 NA 0.01

KKRC0004 MZN15631 28 29 NA <0.01

KKRC0004 MZN15632 29 30 NA <0.01

KKRC0004 MZN15633 30 31 NA <0.01

KKRC0004 MZN15634 31 32 NA <0.01

KKRC0004 MZN15635 32 33 NA <0.01

KKRC0004 MZN15636 33 34 NA <0.01

KKRC0004 MZN15637 34 35 NA <0.01

KKRC0004 MZN15638 35 36 NA 0.01

KKRC0004 MZN15639 36 37 NA <0.01

KKRC0004 MZN15640 37 38 NA <0.01

KKRC0004 MZN15641 38 39 NA <0.01

KKRC0005 MZN15642 5 6 NA <0.01

KKRC0005 MZN15643 6 7 NA <0.01

KKRC0005 MZN15644 7 8 NA <0.01

KKRC0005 MZN15645 8 9 NA <0.01

KKRC0005 MZN15646 9 10 NA <0.01

KKRC0005 MZN15647 10 11 NA <0.01

KKRC0005 MZN15648 11 12 NA <0.01

KKRC0005 MZN15649 12 13 NA <0.01

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KKRC0005 MZN15650 13 14 NA <0.01

KKRC0005 MZN15651 14 15 NA <0.01

KKRC0005 MZN15652 15 16 NA <0.01

KKRC0005 MZN15653 16 17 NA <0.01

KKRC0005 MZN15654 17 18 NA <0.01

KKRC0005 MZN15655 18 19 NA 0.03

KKRC0005 MZN15656 19 20 NA <0.01

KKRC0005 MZN15657 20 21 NA <0.01

KKRC0005 MZN15658 21 22 NA <0.01

KKRC0005 MZN15659 22 23 NA <0.01

KKRC0005 MZN15660 23 24 NA <0.01

KKRC0005 MZN15661 24 25 NA 0.02

KKRC0005 MZN15662 25 26 NA 0.01

KKRC0005 MZN15663 26 27 NA 0.02

KKRC0005 MZN15664 27 28 NA <0.01

KKRC0005 MZN15665 28 29 NA 0.04

KKRC0005 MZN15666 29 30 NA <0.01

KKRC0005 MZN15667 37 40 NA <0.01

KKRC0005 MZN15668 51 52 NA <0.01

KKRC0005 MZN15669 52 53 NA <0.01

KKRC0005 MZN15670 53 54 NA 0.01

KKRC0005 MZN15671 54 55 NA <0.01

KKRC0006 MZN15672 11 12 NA <0.01

KKRC0006 MZN15673 12 13 NA <0.01

KKRC0006 MZN15674 13 14 NA 0.03

KKRC0006 MZN15675 14 15 NA <0.01

KKRC0006 MZN15676 25 26 NA 0.02

KKRC0007 MZN15677 30 31 NA 0.14

KKRC0007 MZN15678 85 89 NA <0.01

KKRC0007 MZN15679 89 91 NA <0.01

KKRC0007 MZN15680 93 94 NA 0.04

KKRC0007 MZN15681 99 100 NA 0.02

KKRC0008 MZN15682 62 65 NA 0.01

KKRC0008 MZN15683 65 68 NA <0.01

KKRC0009 MZN15684 23 24 NA 0.06

KKRC0009 MZN15685 43 44 NA 0.09

KKRC0009 MZN15686 93 95 NA 0.01

KKRC0009 MZN15687 101 102 NA <0.01

KKRC0010 MZN15688 66 67 NA <0.01

Table 1b Accompanying notes: *NA = not applicable in the sense that this protocol was not used.

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Appendix 1 – JORC TABLE 1

Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections)

Criteria JORC Code Explanation Commentary

Sampling techniques

• Nature and quality of sampling (e.g. cut

channels, random chips, or specific

specialised industry standard

measurement tools appropriate to the

minerals under investigation, such as

down-hole gamma sondes, or

handheld XRF instruments, etc).

These examples should not be taken

as limiting the broad meaning of

sampling.

• Include reference to measures taken to

ensure sample representivity and the

appropriate calibration of any

measurement tools or systems used.

• Aspects of the determination of

mineralisation that are Material to the

Public Report.

• In cases where ‘industry standard’

work has been done this would be

relatively simple (e.g. ‘reverse

circulation drilling was used to obtain 1

m samples from which 3 kg was

pulverised to produce a 30 g charge for

fire assay’). In other cases more

explanation may be required, such as

where there is coarse gold that has

inherent sampling problems. Unusual

commodities or mineralisation types

(e.g. submarine nodules) may warrant

disclosure of detailed information.

• The drill program comprised 26 RC drill holes. Drill intervals that were most prospective for Au mineralisation were sampled with 1m samples. 2m to 4m composite samples were used to test larger intervals for Au mineralisation. A bulk sample was collected in a 600x900mm plastic bag and a 10% split using a cone splitter on the rig was also taken in a calico bag. Sample intervals were created from the geology logs. The 10% cone split from the drill rig was assayed for the 1m intervals. For composite samples, the 10% cone splits were combined and spit using a 50% riffle splitter.

Drilling techniques

• Drill type (e.g. core, reverse circulation,

open-hole hammer, rotary air blast,

auger, Bangka, sonic, etc) and details

(e.g. core diameter, triple or standard

tube, depth of diamond tails, face-

sampling bit or other type, whether

core is oriented and if so, by what

method, etc).

• Drilling method used is Reverse Circulation. The drill rig is a Schramm 685 rig with 2400CFM and 800 PSI air pressure. A 146mm hammer was used.

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Drill sample recovery

• Method of recording and assessing

core and chip sample recoveries and

results assessed.

• Measures taken to maximise sample

recovery and ensure representative

nature of the samples.

• Whether a relationship exists between

sample recovery and grade and

whether sample bias may have

occurred due to preferential loss/gain

of fine/coarse material.

• An experienced RC driller from a reputable drilling contractor was used for the drill program. The contractor and Marindi Metals staff used industry standard techniques to maximise sample recoveries and produce representative sample intervals during RC drilling. The cyclone and splitter are levelled and cleaned regularly.

• Sample recovery for the drill program was excellent and is recorded for every 1m by Marindi geologists.

• No apparent bias has occurred during sampling.

Logging • Whether core and chip samples have

been geologically and geotechnically

logged to a level of detail to support

appropriate Mineral Resource

estimation, mining studies and

metallurgical studies.

• Whether logging is qualitative or

quantitative in nature. Core (or

costean, channel, etc) photography.

The total length and percentage of the

relevant intersections logged.

• All metres drilled were logged my Marindi geologists. Geology logs record colour, structure, alteration and lithology.

• All data is validated before entry into the Marindi Metals Ltd database.

• A portable XRF was available to assist with logging.

Subsampling techniques and sample preparation

• If core, whether cut or sawn and

whether quarter, half or all core taken.

If non-core, whether riffled, tube

sampled, rotary split, etc and whether

sampled wet or dry.

• For all sample types, the nature, quality

and appropriateness of the sample

preparation technique.

• Quality control procedures adopted for

all sub-sampling stages to maximise

representivity of samples. Measures

taken to ensure that the sampling is

representative of the in situ material

collected, including for instance results

for field duplicate/second-half

sampling. Whether sample sizes are

appropriate to the grain size of the

material being sampled.

• Sample intervals were determined by a Marindi Metals geologist who used geological logging data to assign sample intervals.

• Sample preparation is undertaken by a registered laboratory (ALS). Samples are prepared by dry pulverisation to 85% passing 75 microns

• Sampling is carried out using standard protocols and QAQC procedures as per industry practice. Sample sizes are considered appropriate for the size of sample material to give an accurate indication of gold mineralisation.

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Quality of assay data and laboratory tests

• The nature, quality and

appropriateness of the assaying and

laboratory procedures used and

whether the technique is considered

partial or total.

• For geophysical tools, spectrometers,

handheld XRF instruments, etc, the

parameters used in determining the

analysis including instrument make

and model, reading times, calibrations

factors applied and their derivation,

etc.

• Nature of quality control procedures

adopted (e.g. standards, blanks,

duplicates, external laboratory checks)

and whether acceptable levels of

accuracy (i.e. lack of bias) and

precision have been established.

• Samples were analysed by either accelerated cyanide leach using LeachWELL assay tabs with AAS finish and a 4 hour leach (Au-AA15) or by 50g fire assay with ICP-MS finish for gold (Au-AA26).

• The analysis was completed by an industry-leading laboratory. Internal certified laboratory QAQC is undertaken including check samples, blanks and internal standards.

Verification of sampling and assaying

• The verification of significant

intersections by either independent or

alternative company personnel.

• The use of twinned holes.

• Documentation of primary data, data

entry procedures, data verification,

data storage (physical and electronic)

protocols.

• Discuss any adjustment to assay data.

• MZN samples are verified by the geologist before importing into the main MZN database.

• Data is collected using a standard geological template. Geological logging of all samples is undertaken recording colour, structure, alteration and lithology.

Location of data points

• Accuracy and quality of surveys used

to locate drill holes (collar and down-

hole surveys), trenches, mine workings

and other locations used in Mineral

Resource estimation.

• Specification of the grid system used.

• Quality and adequacy of topographic

control.

• All maps and collar locations are in UTM grid (GDA94 Z50) and surveyed using a Garmin handheld GPS.

• Accuracy is within +/- 4m. • Drill hole locations are recorded in UTM

grid GDA94 MGA Z50. • Topographic control is considered

adequate.

Data spacing and distribution

• Data spacing for reporting of

Exploration Results.

• Whether the data spacing and

distribution is sufficient to establish the

degree of geological and grade

continuity appropriate for the Mineral

Resource and Ore Reserve estimation

procedure(s) and classifications

applied.

• Whether sample compositing has been

applied.

• Majority of the drill holes were drilled as fence lines across the interpreted targets. Drill targets are determined using geochemical, geophysical and geological data together with historical drilling information. The drill spacing used is considered appropriate for the style of mineralisation targeted.

• Sample compositing has been used and varies from 2m to 4m composites. It is used where there is a low-moderate probability of mineralisation from geological interpretation of the drill samples.

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Orientation of data in relation to geological structure

• Whether the orientation of sampling

achieves unbiased sampling of

possible structures and the extent to

which this is known, considering the

deposit type.

• If the relationship between the drilling

orientation and the orientation of key

mineralised structures is considered to

have introduced a sampling bias, this

should be assessed and reported if

material.

• No significant orientation-based sampling bias is known at this time.

• The drill holes may not necessarily be perpendicular to the orientation of the structure hosting the mineralisation. Due to the lack of drilling the orientation of the structures is poorly understood.

• All reported intervals are downhole intervals, not true widths.

Sample security

• The measures taken to ensure sample

security.

• Appropriate security measures are taken to dispatch samples to the laboratory.

• Chain of custody of samples are managed by Marindi Metals Ltd.

• Samples are stored onsite and transported to the laboratory by Marindi Metals Ltd personnel or a licenced transport company.

• The laboratory issues a receipt and a reconciliation of delivered samples against the laboratory analysis submission form from Marindi Metals Ltd.

Audits or reviews

• The results of any audits or reviews of

sampling techniques and data.

• Marindi Metals have not completed any external audits or reviews of the sampling techniques and data.

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Section 2 Reporting of Exploration Results

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary

Mineral

tenement and

land tenure

status

• Type, reference name/number, location and

ownership including agreements or material

issues with third parties such as joint

ventures, partnerships, overriding royalties,

native title interests, historical sites,

wilderness or national park and

environmental settings.

• The security of the tenure held at the time of

reporting along with any known

impediments to obtaining a licence to

operate in the area.

• M77/549, E77/2348 and E74/627 are

100% owned by Marindi Metals Ltd.

• The native title interests are

represented by SWALSC on behalf of the

Ballardong Agreement Group.

Exploration

done by other

parties

• Acknowledgment and appraisal of

exploration by other parties.

• A large amount of historic data is

available to Marindi Metals and

appraisal of data is continuing.

Geology • Deposit type, geological setting and style of

mineralisation. • As described in the release.

Drill hole

Information

• A summary of all information material to the

understanding of the exploration results

including a tabulation of the following

information for all Material drill holes:

o easting and northing of the drill hole collar

o elevation or RL (Reduced Level – elevation

above sea level in metres) of the drill hole

collar

o dip and azimuth of the hole o down hole

length and interception depth

o hole length.

• If the exclusion of this information is justified

on the basis that the information is not Material

and this exclusion does not detract from the

understanding of the report, the Competent

Person should clearly explain why this is the

case.

• Refer to Table 1 of this document, Drill

Hole Collar Table.

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Criteria JORC Code explanation Commentary

Relationship

between

mineralisation

widths and

intercept lengths

• These relationships are particularly important

in the reporting of Exploration Results.

• If the geometry of the mineralisation with

respect to the drill-hole angle is known, its

nature should be reported. If it is not known

and only the down hole lengths are reported,

there should be a clear statement to this effect

(e.g. ‘down hole length, true width not

known’).

• True widths are not confirmed however

drilling is planned perpendicular to

interpreted targets.

Diagrams • Appropriate maps and sections (with scales)

and tabulations of intercepts should be

included for any significant discovery being

reported These should include, but not be

limited to a plan view of drill hole collar

locations and appropriate sectional views.

• Drill collar locations are in Table 1 of the

release.

Balanced

reporting

• Where comprehensive reporting of all

Exploration Results is not practicable,

representative reporting of both low and

high grades and/or widths should be

practiced to avoid misleading reporting of

Exploration Results.

• The accompanying document is

considered to represent a balanced

report.

Other

substantive

exploration data

• Other exploration data, if meaningful and

material, should be reported including (but

not limited to): geological observations;

geophysical survey results; geochemical

survey results; bulk samples – size and

method of treatment; metallurgical test

results; bulk density, groundwater,

geotechnical and rock characteristics;

potential deleterious or contaminating

substances.

• Other exploration data collected is not

considered as material to this

announcement at this stage. Further

data collection will be reviewed and

reported when considered material.

Further work • The nature and scale of planned further

work (e.g. tests for lateral extensions or

depth extensions or large-scale stepout

drilling).

• Diagrams clearly highlighting the areas of

possible extensions, including the main

geological interpretations and future drilling

areas, provided this information is not

commercially sensitive.

• Further exploration is planned once all

data has been assessed.

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