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Alkane Resources Investor Presentation 2021

May 2, 2021

48579_rns_2021-05-02_484349ed-918e-4770-ad44-d7cb3282a591.pdf

Investor Presentation

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THE BODA PORPHYRY DISCOVERY Ian Chalmers, Technical Director David Meates, NSW Exploration Manager Rodney Dean, Senior Geologist

3 May 2021

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© 2021 Alkane Resources

Disclaimer

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This presentation contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Alkane Resources Ltd, industry growth or other trend projections. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of Alkane Resources Ltd. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.

Alkane Resources Ltd cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this presentation will occur and investors are cautioned not to place any reliance on these forward-looking statements. Alkane Resources Ltd does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this presentation, except where required by applicable law and stock exchange listing requirements. This document has been prepared in accordance with the requirements of Australian securities laws, which may differ from the requirements of United States and other countries’ securities laws. Unless otherwise indicated, all ore reserve and mineral resource estimates included or incorporated by reference in this document have been, and will be, prepared in accordance with the JORC classification system of the Australasian Institute of Mining, and Metallurgy and Australian Institute of Geosciences.

Competent Person

Unless otherwise stated, the information in this presentation that relates to mineral exploration, mineral resources and ore reserves is based on information compiled by Mr D I Chalmers, FAusIMM, FAIG, (director of the Company) who has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Ian Chalmers consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

Acknowledgments

The Alkane exploration team, past and present, contributed to the data compilation and target definition over many years. Dr Tony Crawford and Dr Alan Wilson provided valuable insights into the geological evolution, alteration, mineralisation and targeting within the North Molong Porphyry Project. Terry Hoschke assisted with the interpretation of geophysical data on the NMPP.

ALKANE RESOURCES | ASX:ALK

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© 2021 Alkane Resources

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Alkane in the Central West of NSW

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Active in the Region for 30 years

  • Tomingley >2Moz Au resources and production since 2014.

  • Northern Molong Porphyry Project (NMPP)- Discovery of significant Au-Cu mineralisation at Boda in 2019 and extensive ongoing drilling.

  • Regionally active exploration programs built on substantial geological database.

  • Operation of Peak Hill gold mine 1998 – 2002.

Previous Discoveries

  • Discovery with Newmont of >2Moz Au McPhillamys and subsequent sale to Regis Resources (2012).

  • Resource definition of Galwadgere Cu-Au deposit and sale to Sky Metals (2020).

  • Resource definition; process development; and feasibility of the Dubbo Rare Metal and Rare Earth Project. Successful demerger of Australian Strategic Materials in 2020 and development of an innovative metallisation process in South Korea.

ALKANE RESOURCES | ASX:ALK

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© 2021 Alkane Resources

Macquarie Arc within the Lachlan Orogen

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Glen et al 2012
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  • CODES (UTAS), GSNSW and industry combined in a major regional study of the Macquarie Arc geology, geochemistry, structure and geophysical signature, 1998 - 2002.

  • Key findings:

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ALKANE RESOURCES | ASX:ALK

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© 2021 Alkane Resources

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Macquarie Arc – Ordovician Volcanics

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Major Porphyry – Epithermal
Deposits
Northern Molong Porphyry Project
Boda
Northparkes
(5.2Moz Au + 4.4Mt Cu)
Cadia
(50Moz Au + 8.7Mt Cu)
Glen et al 2012
Cowal
(11Moz Au)
Arc transverse structures
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© 2021 Alkane Resources

NMPP Geology / Structural / Intrusive Summary

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Boda – Kaiser located at the intersection of the Arc parallel Nindethana Thrust and northwest ‘Dubbo’ transverse corridor. Other north-south thrust structures offset the belt to the west (Macquarie Thrust).

Macquarie Thrust

Dilationary intersection and offset provides enhanced environment for monzonite intrusive bodies and focus for large fluid flow.

Intrusive and alteration assemblage are distinctly alkalic (not calc-alkalic) gold-copper and have more similarities to the alkalic porphyry deposits of the Golden Triangle in British Columbia.

Nindethana Thrust

© 2021 Alkane Resources

ALKANE RESOURCES | ASX:ALK

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NMPP Targets

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Current Targets

15km northwest trending structural corridor with multiple ‘fertile’ alkalic (monzonite) intrusive complexes.

Finns Crossing – Murga prospect aeromag target (skarn like characteristics) and separate strong IP chargeablity anomaly. Extensive argillic lithocap.

Surface float samples 6.4g/t Au 7.6% Cu; 3.8g/t Au 0.12% Cu

Comobella Intrusive Complex – 21km[2] area, several coppergold intercepts associated with extensive altered monzonite intrusives. Best COMRC009 46m @ 0.9g/t Au and 0.25% Cu (ASX Announcement 1 Feb 2011).

5km long Kaiser-Boda, 1km wide corridor, of monzonite intrusives, extensive propylitic to potassic alteration with gold and copper mineralisation. Numerous intercepts at Kaiser with a small high grade historically mined body.

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© 2021 Alkane Resources

Kaiser - Boda Corridor

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Kaiser – Boda Porphyry Target Corridor

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Boda Porphyry Drilling
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  • Historic gold – copper outcropping workings at Kaiser.

  • Drilling (1960s – 1990s) targeted Kaiser, identified a small ‘’high grade’ Au-Cu body within extensively altered and mineralised Ordovician volcanics.

  • Alkane’s regional work confirmed a target corridor 3- 5km in length with potential for porphyry Au-Cu mineralisation.

  • Since 2017, Alkane has drilled in excess of 30,000m of mostly core holes, largely targeting Boda.

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© 2021 Alkane Resources

Boda Drilling – Discovery Section

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  • Initial core testing of anomalous gold results in an RC hole which drilled an Au-Cu elevated soil. Also mapped surface alteration on the flanks of a weak aeromagnetic anomaly.

  • KSDD003 and KSDD005 returned significant Au-Cu mineralisation within clearly demonstrated lateral and vertical metal and alteration zonation.

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Sections
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KSRC017 - 018 & KSDD003 - 005

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© 2021 Alkane Resources

Boda – High grade breccia KSDD007; 028; 31

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KSDD007 (96.8m @ 3.97g/t Au and 1.52% Cu) Chalcopyrite cemented breccia in potassic altered volcanics

KSDD031 – 0.3m grading 43.4g/t Au, 7.8% Cu from 886.4m –

Chalcopyrite-calcite-kspar altered monzonite finger within the breccia .

KSDD007

  • KSDD007 1,167m @ 0.55g/t gold, 0.25% copper from 75 metres incl 512m @ 1.00g/t gold, 0.44% copper from 688 metres incl 376m @ 1.30g/t gold, 0.56% copper from 768 metres incl `96.8m @ 3.97g/t gold, 1.52% copper from 768 metres

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KSDD028 - 031
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© 2021 Alkane Resources

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Boda Targeting – Ridgeway (Cadia) Analogy – Newcrest

Ridgeway Deposit Definition 1996 - 1997

Ridgeway Discovery Drill Sequence 1996

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8m @ 0.4 g/t Au 0.5 % Cu
145m @ 4.3 g/t Au 1.2 % Cu
52m @ 0.9 g/t Au 0.2 % Cu
84m @ 7.4 g/t Au 1.3 % Cu
102m @ 0.1 g/t Au 0.4 % Cu
15m @ 0.8 g/t Au 0.5 % Cu
45m @ 0.3 g/t Au 0.3 % Cu
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Ridgeway discovery section 11,000 E (Wood 2012)

Ridgeway discovery sequence schematic section (Wood 2012)

Ridgeway 1998 pre-mining Indicated and Inferred Resource 44Mt @ 2.8g/t Au and 0.82% Cu (Wood 2012)

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© 2021 Alkane Resources

Boda – Metal Zonation

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  • Alteration at Boda is clearly zoned from outer propylitic, propylitic to inner potassic / calc potassic.

  • Copper tends be focussed within the inner potassic, while gold is common throughout.

  • Recent drilling has demonstrated other metals such as molybdenum and pathfinder elements present on the flanks and upper levels of the system.

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Section
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KSRC038, KSRD006 - 016

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© 2021 Alkane Resources

Boda Two - KSDD022; 030; KSRC036

  • The Boda Two target is marked by a strong IP chargeability and resistivity anomaly.

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  • Drill testing to date has intersected a large Au rich pyrite shell comprising stringers and aggregates of pyrite within a sequence of propylitic altered basaltic andesites.

  • Anomalous copper and pathfinder elements could be indicative of a distal component to a large fertile magmatic system.

Section

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KSRC033, KSRD022 - 030
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© 2021 Alkane Resources

Kaiser (Duke) - KSDD027 (2021)

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Kaiser – Boda Porphyry Target Corridor

Kaiser – Duke KSDD027

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• KSDD027 confirmed a broad mineralised alteration envelope to the east, in addition to that at Kaiser.

• The eastern (Duke) zone demonstrates near surface grades over 250m width with a strike length of over 800m, open along strike and at depth.

  • © 2021 Alkane Resources

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NMPP Porphyry Model and Boda-Kaiser Mineralisation

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Key Observations to Date

The host sequence is evolved basalt to andesite, flat lying volcaniclastics and lavas, cut by near vertical monzonitic bodies with at least three separate monzonite intrusive ages.

Lithogeochemistry and age-dating clearly place the NMPP in late Ordovician – Early Silurian shoshonitic (high K) volcanic - intrusive event (460 – 430Ma) that extends over the 150km of the Molong Volcanic Belt. The MVB includes the giant Cadia deposits.

Alteration of the host volcanics is extensive, clearly displaying classic zonation from outer propylitic (some sericitic) -> propylitic -> potassic (and calc potassic). The potassic alteration is dominated by biotite with minor k-spar.

Evidence through metal zonation of a number of separate hydrothermal cells – Boda; Kaiser; Boda Two and Boda Three. Structural control to high grade zones still being determined.

ALKANE RESOURCES | ASX:ALK

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© 2020 Alkane Resources

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Macquarie Arc – Porphyry Geochemical Signature

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Macquarie Arc Porphyry Model

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Preliminary Boda Metal Zonation

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© 2021 Alkane Resources

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Global Alkalic Porphyry Deposits

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Golden Triangle, British Columbia

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Advanced Exploration

Mining Operations

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Exploration

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© 2021 Alkane Resources

NMPP FY22 Program

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Current Program

  • Boda/Boda Two mineralised envelope (>0.2g/t Au)

    • Horizontal dimensions of 1,000m x 400m

    • NW (Boda) and NS (Boda Two) strike

    • Extends to 1,100m depth, and is open along strike and at depth.

  • High grade Au-Cu zones currently interpreted to trend NW-SE, dipping steeply to the NE.

  • Current core drilling is focussed on defining the extent of the high grade mineralisation.

  • RC drilling to initially test the 1.5km NW corridor from Boda to Kaiser will start shortly.

  • Drilling to test other IP anomalies and known Au-Cu mineralisation within the Kaiser-Boda South corridor over a 3km strike length, including the strong resistivity/chargeability feature at Boda Three.

  • Initial aircore drilling planned to test a skarn-like, north-south aeromagnetic anomaly (2.7km by 0.4km) at Murga (Finns Crossing) 15km NW of Boda.

  • A review of other regional targets such as the Comobella Intrusive Complex to prioritise follow up drilling is planned.

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© 2021 Alkane Resources

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© 2021 Alkane Resources

Mineral Resources – Tomingley Project

DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
DEPOSIT
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
Tonnage
Grade
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Kt)
(g/t Au)
(Koz)
Wyoming One
624
1.8
428
1.3
107
0.7
1,159
1.5
57
Wyoming Three
86
2.0
16
1.3
33
1.4
135
1.7
8
Caloma
879
1.6
1,016
1.2
824
1.2
2,719
1.3
115
Caloma Two
64
2.3
812
2.0
26
1.4
902
2.0
58
Sub Total
1,653
1.6
2,272
1.6
990
1.2
4,915
1.5
238
Wyoming One
664
2.8
1,390
2.9
427
2.8
2,481
2.9
228
Wyoming Three
46
2.2
24
2.0
20
1.9
90
2.1
6
Caloma
158
2.6
129
2.0
465
1.9
752
2.0
50
Caloma Two
-
0.0
785
2.4
426
2.0
1,211
2.3
88
Sub Total
868
2.8
2,328
2.7
1,338
2.2
4,534
2.6
372
TOTAL
2,521
1.8
4,600
2.2
2,328
1.5
9,449
1.9
610
TOMINGLEY GOLD PROJECT TGO MINERAL RESOURCES(as at 30 June 2020)
MEASURED
INDICATED
INFERRED
TOTAL
Total Gold
Open Pittable Resources (cut off 0.50g/t Au)
Underground Resources (cut off 1.3g/t Au)
664 2.8 1,390 2.9 427 2.8 2,481 2.9 228
46 2.2 24 2.0 20 1.9 90 2.1 6
158 2.6 129 2.0 465 1.9 752 2.0 50
- 0.0 785 2.4 426 2.0 1,211 2.3 88
868 2.8 2,328 2.7 1,338 2.2 4,534 2.6 372
2,521 1.8 4,600 2.2 2,328 1.5 9,449 1.9 610

==> picture [102 x 74] intentionally omitted <==

TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021) TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021) TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021) TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021) TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021) TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021) TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021) TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021) TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021) TOMINGLEY GOLD PROJECT SAR MINERAL RESOURCES(as at 16 February 2021)
MEASURED INDICATED INFERRED TOTAL Total Gold
DEPOSIT Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade
(Kt) (g/t Au) (Kt) (g/t Au) (Kt) (g/t Au) (Kt) (g/t Au) (Koz)
Total Resources (cut off 0.50g/t Au)
ROSWELL 7,880 2.1 2,190 1.9 10,070 2.0 660.4
SAN ANTONIO 5,930 1.8 1,390 1.3 7,320 1.7 406.0
TOTAL 13,810 2.0 3,580 1.7 17,390 1.9 1,066
PEAK HILL GOLD PROJECT MINERAL RESOURCES(as at 30 June 2020) PEAK HILL GOLD PROJECT MINERAL RESOURCES(as at 30 June 2020) PEAK HILL GOLD PROJECT MINERAL RESOURCES(as at 30 June 2020) PEAK HILL GOLD PROJECT MINERAL RESOURCES(as at 30 June 2020) PEAK HILL GOLD PROJECT MINERAL RESOURCES(as at 30 June 2020) PEAK HILL GOLD PROJECT MINERAL RESOURCES(as at 30 June 2020) PEAK HILL GOLD PROJECT MINERAL RESOURCES(as at 30 June 2020)
Deposit Resource
Category
Cut-Off Tonnes (Mt) Gold Grade g/t Gold Metal
(Koz)
Copper Metal
(%)
Proprietary
U/G
Inferred 2g/t Au 1.02 3.29 108 0.15
TOTAL 1.02 3.29 108 0.15

Apparent arithmetic inconsistencies are due to rounding.

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