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ARDEA RESOURCES LIMITED Capital/Financing Update 2018

Oct 7, 2018

64421_rns_2018-10-07_e3bea373-ef8f-480e-841f-4ec34348b05d.pdf

Capital/Financing Update

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High-grade nickel-cobalt mineralization extended at Goongarrie

ASX & Media Release

8 October 2018

Recent drilling results from the Pamela Jean Deeps confirm and extend the deeper high-grade mineralization. This zone is scheduled as the mining target during the payback period, to enhance project economics.

ASX Symbol

ARL

  • Ongoing Definitive Feasibility Study (DFS) drilling program confirms high-grade intercepts at the Pamela Jean Deeps orebody.

Ardea Resources Limited

Suite 2 / 45 Ord St West Perth WA 6005

  • AGSR419 112m at 1.30% Ni, 0.26% Co, 31g/t Sc from 30m[1]

  • AGSD0001 100.8m at 1.00% Ni, 0.08% Co from 32m[2]

PO Box 1433 West Perth WA 6872

  • AGSR0413 76m at 1.11% Ni, 0.09% Co and 38g/t Sc from 24m

  • o AGSR0418 56m at 1.29% Ni, 0.14% Co and 18g/t Sc 104m o AGSR0190 57m at 1.04% Ni, 0.10% Co and 21g/t Sc from 70m

Telephone

+61 8 6244 5136

  • The top of Pamela Jean is a typical flat laterite surface at 15-30m below surface. Rather than a flat base some 40-50m below surface, the base of Pamela Jean is “funnel-shaped”, penetrating up to 165m below surface. With continuous mineralisation to depth, this geometry fortuitously mimics pit design batters, minimizing Pamela Jean strip ratios. The result is high tonnes and grade proximal to future plant site.

Email

[email protected]

Website

www.ardearesources.com.au

  • The “deep funnel” ore is associated with a narrow dyke and intense shearing that has facilitated exceptionally deep weathering (to 165m).

Directors

  • An additional “funnel-shaped” Deeps ore zone discovered in 20m infill drilling (AGSR0190), suggests potential for further deeper high-grade ore, associated with bedrock structures, still requiring drill appraisal.

Katina Law Executive Chair

Ian Buchhorn Technical Executive Director

  • Uniform goethite mineralization confirmed at Pamela Jean, validates Pamela Jean as a premium autoclave feed for project payback.

Wayne Bramwell Non-Executive Director

  • Ore geometry very consistent, with >0.5% Ni pervasive between the base of lateritized alluvium overburden and top of carbonated saprock basement, facilitates predictable mine planning, free-dig ore until mining encounters sub-grade hard saprock at the pit base and within batters, excellent visual grade control.

Issued Capital

Fully Paid Ordinary Shares 104,990,413

Unlisted options exercisable at $0.25 12,310,022

  • Ardea inclined drill-holes have precisely confirmed historic drill results, serves as a QAQC program for historic work.

Directors/Employee Performance Rights 3.240,000

  • Scandium mineralization evident from surface, typically 30-62g/t Sc when occurring in the nickel-cobalt ore feed.

  • Magnesite neutralizer pervasive within ore footwall, ~0.5% Ni credit.

ABN 30 614 289 342

1 Calculated using a 0.5 % nickel cut-off, 2 m minimum intercept, and 4 m maximum internal waste

2 0.5 % nickel cut-off, 2m minimum intercept, and 4m maximum intern waste, previous report 2017 core hole

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Recent drilling results from the Goongarrie orebody

Pamela Jean Deeps

Significant intercepts from the Pamela Jean Deeps drilling[3]

6669440mN section
AGSR0412 38m at 0.89% nickel, 0.06% cobalt and 36g/t scandium from 22m4
including8m at 1.16% nickel, 0.13% cobalt_and 34g/t scandium from 30_m
AGSR0412 14m at 0.78% nickel, 0.04% cobalt and 8g/t scandium from 136m4
including 2m at 1.13% nickel, 0.11% cobalt and 6g/t scandium from 140m
AGSR0411 32m at 0.84% nickel, 0.05% cobalt and 15g/t scandium from 22m4
including 2m at 1.28% nickel, 0.09% cobalt and 22g/t scandium from 38m
AGSR0411 20m at 0.71% nickel, 0.03% cobalt and 9g/t scandium from 76m4
6669520mN section
AGSR0414 4m at 0.44% nickel, 0.54% cobaltand 52g/t scandium from 14m4
AGSR0414 38m at 1.01% nickel, 0.10% cobaltand 43g/t scandium from 16m4
including8m at 1.40% nickel, 0.08% cobalt and 30g/t scandium from 40m
AGSR0413 76m at 1.11% nickel, 0.09% cobaltand 38g/t scandium from 24m4
including12m at 1.11% nickel, 0.12% cobalt_and 36g/t scandium from 44m _
including16m at 1.36% nickel, 0.22% cobaltand 35g/t scandium from 66m
including4m at 1.36% nickel, 0.13% cobaltand 33g/t scandium from 88m
6669600mN section
AGSR0418 42m at 0.67% nickel, 0.04% cobalt and 14g/t scandium from 30m4
including 2m at 1.12% nickel, 0.09% cobalt and 13g/t scandium from 48m
AGSR0418 56m at 1.29% nickel,0.14% cobaltand 18g/t scandium from 104m4
including36m at 1.40% nickel, 0.20% cobaltand 19g/t scandium from 110m
AGSD0001 100.8m at 1.00% nickel, 0.08% cobaltfrom 34m4
including 2m at 1.02% nickel, 0.11% cobalt from 87m
including7.2m at 1.30% nickel, 0.45% cobaltfrom 95.6m
including6m at 1.40% nickel, 0.22% cobaltfrom 118m

3 Drill-holes for the Pamela Jean deposit are listed first by section (south to north, then by hole west to east)

4 Calculated using a 0.50 % nickel cut-off, 2 m minimum intercept, and 4 m maximum internal waste, for “including” intercept 0.08% Co cut-off

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AGSD0001 24.8m at 1.10% nickel, 0.08% cobalt from 140.2m4
including8m at 1.40% nickel, 0.11% cobaltfrom 152m
6669680mN section
AGSR0419 112m at 1.30% nickel, 0.26% cobaltand 31g/t scandium from 30m4
including6m at 1.14% nickel, 0.08% cobalt and 19g/t scandium from 42m
including68m at 1.58% nickel, 0.39% cobaltand 35g/t scandium from 72m
6669760mN section
AGSR0422 48m at 0.94% nickel, 0.07% cobalt and 19g/t scandium from 104m4
including 8m at 0.88% nickel, 0.16% cobalt and 18g/t scandium from 114m
including 4m at 1.48% nickel, 0.09% cobalt and 135g/t scandium from 134m
AGSR0421 26m at 0.66% nickel, 0.04% cobalt and 35g/t scandium from 20m4
AGSR0421 76m at 0.82% nickel, 0.07% cobalt and 28g/t scandium from 54m4
including28m at 0.91% nickel, 0.14% cobaltand 27g/t scandium from 84m
AGSR0190 24m at 0.86% nickel, 0.02% cobalt and 99g/t scandium from 36m4
AGSR0190 57m at 1.04% nickel, 0.10% cobaltand 21g/t scandium from 70m
including14m at 0.82% nickel, 0.20% cobaltand 24g/t scandium from 70m
including16m at 1.28% nickel, 0.10% cobaltand 29g/t scandium from 90m
6669840mN section
AGSR0186 62m at 0.92% nickel, 0.04% cobalt and 32g/t scandium from 22m4
including 2m at 1.40% nickel, 0.08% cobalt and 50g/t scandium from 66m
AGSR0417 26m at 0.90% nickel, 0.04% cobalt and 29g/t scandium from 22m4
AGSR0187 60m at 1.14% nickel, 0.08% cobalt and 47g/t scandium from 24m4
including24m at 1.27% nickel, 0.14% cobaltand 33g/t scandium from 60m
6669880mN section
AGSR0416 28m at 0.87% nickel, 0.08% cobalt and 34g/t scandium from 62m4
including 4m at 0.83% nickel, 0.11% cobalt and 34g/t scandium from 62m
including 8m at 0.91% nickel, 0.09% cobalt and 34g/t scandium from 82m
6669920mN section
AGSR0294 18m at 0.98% nickel, 0.08% cobalt and 34g/t scandium from 18m4
including 8m at 0.98% nickel, 0.12% cobalt and 43g/t scandium from 18m
AGSR0415 46m at 1.03% nickel, 0.06% cobalt and 35g/t scandium from 28m4
including10m at 1.33% nickel, 0.14% cobaltand 34g/t scandium from 46m

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Figure 1 – Location of Ardea RC drilling (green & white dots and hole number). Dark dots show historic drill collars. Deposits are marked by significant nickel and cobalt mineralization and are encased within the overall nickel envelope (scheduled pits coloured pink, nominally Ni>0.5%, containing zones with Co>0.1%).

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Figure 2 Section 6669920mN Figure 3 Section 6669880mN

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Pamela Jean Geological Model

The current Pamela Jean Deeps drilling was initially executed as a precursor to a geotechnical program, but has generated new insights into Goongarrie geological models, geo-metallurgy and geotechnics.

The 2018 Ardea drilling at Goongarrie, and Pamela Jean in particular, is restricted to 80x40m infill of proposed pit locations where existing 80x80m drill patterns define the current Indicated Mineral Resource (refer ASX announcement 14 March 2018 for current resource statement). Being infill drilling during 2018, changes to the overall Mineral Resources are expected to be non-material. Of note, historical geological interpretations for the run-of-mine “shallow flat” lateritic mineralization have been precisely confirmed by 2018 drilling, suggesting robust QAQC for historic Goongarrie drilling.

The recent Pamela Jean Deeps drilling has been different to earlier 2018 drilling, in that the inclined holes (first time executed anywhere at Goongarrie) have quantified deep “funnel-shaped” ore zones, especially in respect to structural controls on deep ore. Importantly, “deep funnel” mineralization has been defined (notably by drill-hole AGSR0190 section 6669760mN) where previous drilling only had “shallow flat” ore.

Historic hole GSRC0184 (323096mE) returned 22m at 0.58% Ni and 0.03% Co from 17m and GSRC1005 (323140mE) returned 35m at 0.82% Ni and 0.11% Co from 28m. Ardea RC drill-hole AGSR0190 (323116mE) between the two returned 91m at 0.92% Ni and 0.07% Co from 36m (stops in ore), and in addition intersected a previously unrecognized dyke dipping 65[0] east that fingerprints the “deep funnel”.

Following this result, a systematic drill data review was completed, identifying a significant number of holes stopping in ore where potential deep “funnels” could be present (as for AGSR0190). This will necessitate amendments to wireframes and ultimately pit designs. With the deepening and widening of potential pits, various geotechnical parameters in terms of batter designs and PAL plant neutralizer also come into play.

As 2018 RC drilling winds down, data is being consolidated for current DFS programs. In particular, a geological model has been developed for Goongarrie which consolidates the current 575 holes for 26,528m of Ardea RC drilling with existing 2,372 holes for 115,384m of historical RC drilling. The Ardea model focuses on the mineralized regolith (the weathered mantle), and its relationship to the underlying protolith (the unweathered ultramafic bedrock). In particular, there is a marked bedrock structural control on overlying laterite mineralization.

The same bedrock structures also control the location of palaeo-channel quartz sand units (component of “Lateritized Alluvials”, Figure 2-9). The sand channels influence DFS hydrology planning and pit designs.

Protolith

The Goongarrie nickel-cobalt mineralization is hosted by the Walter Williams Formation (WWF), a 2.7 billon year old olivine cumulate komatiite volcanic flow. The flow at its western contact variously overlies a granitoid basement or Missouri Basalt (conformable volcanic contact). The upper eastern contact is conformable Siberia Komatiite, with potential for a low-grade nickel laterite regolith.

Western-most Goongarrie drill holes intersect a major quartz sand palaeo-channel aquifer (including carbonate bands), either overlying mineralization or dissecting mineralization. The palaeo-channel is a NW palaeo-valley separating Pamela Jean in the east from Elsie Tynan in the west.

Eastern-most Goongarrie drill holes end in olivine orthocumulate and Siberia Komatiite and have a nontronite regolith with low-grade nickel laterite developed on shallow dolomitic saprock (potential neutralizer).

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Figure 4 Section 6669840mN Figure 5 Section 6669760mN

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Regolith

As well as being the ore body, the Regolith is critical to project design, providing civil construction material, and importantly neutralizer for the PAL discharge and environmental management.

The drill-hole logging and interpretation defines the regolith, which then governs mine scheduling for ore, neutralizer and construction materials.

Goongarrie has a predicable Regolith, easily recognized in drill logging and is summarized as follows.

Pedogenic – Regolith Cycle 3 - Residual (youngest)

Modern soil profile, typical detrital quartz sand with colluvial hematitic clasts cemented by calcite at 0-2m and dolomite at 2-6m, commonly colluvial gravel horizons.

The carbonate component is suited as an environmental neutralizer.

Laterite – Regolith Cycle 2 - Residual

Laterite Duricrust is dominantly ferruginous (>25% Fe) and usually develops on Alluvial cover, but on palaeo-Tertiary highs such as Patricia Anne, laterite develops on a mineralized goethite cumulate substrate.

The Laterite Mottled is a distinctive dark red massive mottled kaolinitic clay with Sc-V-Ti-Zr “resistate” enrichment. XRD confirms a haematite-kaolinite mineralogy. There can be a diagnostic alunite overprint superimposed upon upper Cycle 2 Laterite.

Laterite is earmarked for use in civil earthworks, including plant site, ROM pad and roadways.

Alluvial Cover – Regolith Cycle 1, 2 - Depositional

The Alluvial Cover includes Tertiary-aged gravel, sand and clay overburden. For consistency, if ferricrete bands are present (yellow/brown mottling or dark red hematite nodules), then the material characterization is Laterite, and it is suitable for earthworks.

Tertiary palaeo-channel gravels with carbonate cement typically show no lateritization. The magnesite is suitable for neutralization of the PAL discharge, but lacks the nickel credit of saprock neutralizer.

A distinctive clay variant is “candy-stripe clay”, being a thin bedded 0.2-2mm banded white and brownpink kaolinitic lacustrine deposit which has been irregularly “bleached” to pure white (to blue-green-white) coating-grade kaolinite. This is a high priority precursor target for High Purity Alumina (HPA).

Clay Upper – Regolith Cycle 1 - Residual (oldest)

The main mineralized zone at Goongarrie is termed Clay Upper/Lower and occurs dominantly between base of Cycle 2 Lateritized Alluvials and top of Cycle 1 Carbonated Saprock (Figures 2-9).

Clay Upper mineralogy is dominantly goethite clay, with accessory asbolite, haematite, magnetite, chromite, kaolinite, gibbsite and silica. The ore zone in modelling is clearly defined by the >0.5% Ni grade shell, with associated Co, Mn, Cr, Zn and Cl enrichment.

The continuity of Clay Upper/Lower mineralization ensures predictability and accuracy for mine scheduling, significantly diminishing production risk at Goongarrie.

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Figure 6 Section 6669680mN Figure 7 Section 6669600mN

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The base off Clay Upper is a geochemical contact termed the Magnesia Discontinuity (MD), characterized by a sharp increase in magnesium and silica with a corresponding decrease in iron and aluminium which reflects palaeo-water table events. There is a marked increase in Ni, Co and Mn straddling the MD.

Clay Lower – Regolith Cycle 1 - Residual

Clay Lower is the mineralization host below the Magnesia Discontinuity. There is invariably 2-10m of mineralized Clay Lower below the MD and above Saprock. Clay Lower is dominantly goethite, with accessory silica, chlorite-serpentine (green flecks) and magnesite (white-brown).

Clay Void-fill – Regolith Cycle 1 - Residual

Clay Void-fill is a distinctive karst-style breccia deposit occasionally found at the top of Saprock, consisting of irregular angular fragments of silicified Saprock “floating” in a dark red goethitic mud matrix.

The silicified fragments are suited as a grinding media, which is attractive in view of the nickel credit of Clay Void-fill (0.5-1.3% Ni).

Saprock – Regolith Cycle 1 - Residual

Saprock is a hard carbonated weathered rock with strong remnant olivine cumulate textures. It is easily distinguished from the overlying soft ore, so the base of ore will be readily distinguished in grade control. Geochemically, Saprock has >7% Ca and >20% LOI. There is a strong vertical zonation with depth in Saprock, being dolomite to magnesite to silica and finally serpentinite with irregular veining of porcellanous magnesite and chalcedony. At Pamela Jean, the dolomite zone is generally absent.

Saprock is suited as a PAL discharge neutralizer, with the focus on nickel-bearing carbonate (target 0.40.8% Ni).

Bedrock - Protolith

Bedrock has only been intersected by Ardea in the Pamela Jean Deeps “batter” geotechnical holes. Previous interpretations at Goongarrie are that olivine adcumulate weathers to deep goethite-gibbsitesilica clays, mesocumulate to shallower nontronite clays and orthocumulate has a very thin carbonated saprock weathering profile.

Mineralization

Pamela Jean is the key constituent lateritic orebody that contributes to the ore reserves defined at the Goongarrie Nickel Cobalt Project. It is located at the central Goongarrie South area (Figure 1). It is one of the 31 currently defined deposits modelled for future mining at Goongarrie (see Appendix 1).

The Pamela Jean deposit measures approximately 1,700 metres by 300 metres and is characterised by high-grade, “deep funnel”-shaped mineralization. Overburden is 20-30m, with base of Pamela Jean Deeps mineralization between 100 and 165m.

The top of Pamela Jean is a typical flat laterite surface at 15-30m below surface. Rather than a flat base some 40-50m below surface, the base of Pamela Jean is concave at 80-165m below surface forming a “funnel-shaped” ore geometry that fortuitously mimics pit design batters, so minimizing Pamela Jean strip ratios. The result is high tonnes and grade proximal to the future plant site.

Continuity of mineralization is strong between drill holes (Figure 2-9). This is a hallmark of Goongarrie, being a “goethite style” (yellow) laterite nickel-cobalt deposit. It contrasts with the more siliceous and nontronitic style (green) laterite deposits which can exhibit marked variation between drill-holes. All defined intercepts from the 2018 Pamela Jean program are listed in Appendix 3.

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Figure 8 Section 6669520mN Figure 9 Section 6669440mN

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Metallurgical Programs

The 2018 Pamela Jean drilling has been a key source of metallurgical test material for current DFS programs.

Variability studies

Representative “run-of-mine” mineralization from Ardea Goongarrie South diamond core holes AGSD0007, 0010 and 0012 was used in the study. The consistency of mineralization has been confirmed and final results are pending.

Piloting studies

Based on the optimized pit schedule material, pilot feed was specifically-drilled with sonic core at 200m intervals along the strike of Pamela Jean and Elsie Tynan pit areas and supplemented with bulk RC chips from the Patricia Anne pit area, to achieve an approximate 1.1% Ni, 0.12% Co and 35g/t Sc feed (7.5 tonne dry).

The dominant ore style at Goongarrie is goethite-rich, with an accessory cobaltian wad termed asbolite. The ore has exceptional rheology in terms of pulp density and settling, with very consistent metallurgical performance.

Leaching has been completed to produce Mixed Sulphide Product (MSP). Metal leach extractions were 93-95%. The MSP is currently being refined into sulphate crystals. This process should be complete by the end of October 2018.

Ongoing work at Goongarrie

Resource Estimation

A comprehensive resource re-estimation for Goongarrie commenced in July 2018 in the northern Goongarrie project area (Patricia Anne) whilst drilling was still current in the southern project area (Big Four, Scotia Dam). The resource re-estimation due this quarter and will incorporate the recent infill drilling at Elsie Tynan.

During the course of wireframing the Patricia Anne and Pamela Jean deposits and siting geotechnical holes, it became apparent that though the 80x40m drill pattern was more than adequate for the run-ofmine “shallow flat” ore that typically occurs between 20m and 40m vertical depth, there were limitations for deeper ore. With the recognition of the strong structural controls on “deep funnel” ore, it became apparent that the 80x40m pattern did not adequately quantify the “deep funnel” ore with a large number of previous holes being stopped in ore (due to failing to identify the deep structural control on mineralization).

These observations indicate a resource predicated on existing drilling could underestimate the contribution of these “funnels”.

An indicator of this issue was the pilot plant deep sonic drilling in most holes returned ore that significantly exceeded predicted the “run-of-mine” grades of 1% Ni and 0.1% Co, necessitating low grade hanging wall ore to be included in piloting to return grade closer to the scheduled life-of-mine grades.

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Geo-metallurgy

Detailed geo-metallurgical analysis is currently underway for Goongarrie using multi-element geochemistry and Xray Diffraction (XRD) mineralogical analysis.

The study will allow 2018 Ardea drilling to be used as a control to populate the historic data base in respect of predicted metallurgical performance and material characterization.

There are currently 10 variants of Clay Upper ore and 8 variants of Clay Lower ore, all requiring variability test work.

The geo-metallurgical work on 28 Ardea core holes suggests the bulk density of “run-of-mine” ore historically may have been over-estimated, implying a potential reduction in tonnage but the historic bulk density determination estimates far exceed the smaller Ardea bulk density data set.

Drilling programs

A limited program of 80x20m infill RC drilling is under consideration for late 2018 to better quantify the “deep funnel” targets. This would enable an upgrade of resources and reserves, so facilitating greater confidence in defining mining schedules for the planned Goongarrie mine.

Additional drilling also includes:

  • Ongoing samples for metallurgical variability testing of mineralized zones.

  • Hydrology, palaeo-channel quartz sands separate the various ore bodies, so require pump-testing.

  • Geotechnical, recent drill-hole AGSR0420 was a “sighter hole” for geotechnical core drilling. AGSR0420 intersected saprock and bedrock as predicted by Ardea’s pre-drill wireframe, with RC chip logging suggesting a hard, competent rock suited to pit batter positioning.

DFS optimization options

The March 2018 Pre-Feasibility Study and July 2018 Expansion Study for the Goongarrie Nickel Cobalt Project highlighted an exceptional business case. With an enormous KNP resource inventory, access to discrete high-grade cobalt zones (“deep funnels”) and the 2018 scandium and neutraliser discoveries, further project upside is expected at Goongarrie with studies underway for:

  • Potential to high-grade the mining of cobalt zones during payback period, due to more constrained sub-blocking the resource model (smaller selective blocks in the updated resource model).

  • Increased throughput and production through multiple (2.25Mtpa) PAL trains.

  • Scandium production.

  • Mineralized neutraliser optimization.

Other possibilities to further enhance the project that are under consideration involve monetising accessory metals including vanadium, battery-grade manganese, high-purity alumina and chromium.

For further information regarding Ardea, please visit www.ardearesources.com.au or contact:

Ardea Resources:

Ms Katina Law Executive Chair, Ardea Resources Limited Tel +61 8 6244 5136

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Compliance Statement (JORC 2012)

A competent person’s statement for the purposes of Listing Rule 5.22 has previously been announced by the Company for:

1. Kalgoorlie Nickel Project on 21 October 2013 and 31 June 2014, October 2016, 2016 Heron Resources Annual Report and 6 January 2017;

2. KNP Cobalt Zone Study on 6 January 2017

The Company confirms that it is not aware of any new information or data that materially affects information included in previous announcements, and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. All projects will be subject to new work programs following the listing of Ardea, notably drilling, metallurgy and JORC Code 2012 resource estimation as applicable.

The information in this report that relates to KNP Exploration Results is based on information originally compiled by previous and current full time employees of Heron Resources Limited and after February 2017 employees of Ardea Resource Limited. The Exploration Results and data collection processes have been reviewed, verified and re-interpreted by Mr Ian Buchhorn who is a Member of the Australasian Institute of Mining and Metallurgy and currently a director of Ardea Resources Limited. Mr Buchhorn has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the exploration activities 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 Buchhorn consents to the inclusion in this report of the matters based on his information in the form and context that it appears.

The exploration and industry benchmarking summaries are based on information reviewed by Dr Matthew Painter, who is a Member of the Australian Institute of Geoscientists. Dr Painter is a full-time employee and a director of Ardea Resources Limited and has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking 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 Buchhorn and Dr Painter has reviewed this press release and consents to the inclusion in this report of the information in the form and context in which it appears.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements and forward-looking information within the meaning of applicable Australian securities laws, which are based on expectations, estimates and projections as of the date of this news release.

This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to management’s expectations with respect to, among other things, the timing and ability to complete the Ardea spin-out, the timing and amount of funding required to execute the Company’s exploration, development and business plans, capital and exploration expenditures, the effect on the Company of any changes to existing legislation or policy, government regulation of mining operations, the length of time required to obtain permits, certifications and approvals, the success of exploration, development and mining activities, the geology of the Company’s properties, environmental risks, the availability of labour, the focus of the Company in the future, demand and market outlook for precious metals and the prices thereof, progress in development of mineral properties, the Company’s ability to raise funding privately or on a public market in the future, the Company’s future growth, results of operations, performance, and business prospects and opportunities. Wherever possible, words such as “anticipate”, “believe”, “expect”, “intend”, “may” and similar expressions have been used to identify such forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties, assumptions and other factors that could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors, including, but not limited to, the ability to complete the Ardea spin-out on the basis of the proposed terms and timing or at all, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Australia or other countries in which the Company does business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, diminishing quantities and grades of mineral reserves, contests over title to properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information.

Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forwardlooking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

14

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Appendix 1 – Constituent deposits and orebodies of the Goongarrie Nickel Cobalt Project

Deposits of the Goongarrie Nickel Cobalt Project, from Sylvia Virginia in the north to Scotia Dam in the south, a distance of 16km. Active mining tenements are outlined in black.

Deposits are marked by significant nickel and cobalt mineralization and are encased within the overall nickel envelope (green, Ni>0.5%).

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15

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Appendix 2 – Pit schedule diagram for Goongarrie South

Pit scheduling identifies Patricia Anne for the first two pits of the Goongarrie Nickel Cobalt Project.

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Figure 2 – Pit schedules for the Goongarrie South part of the Goongarrie Nickel Cobalt Project

16

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Appendix 3 – Collar location data

Drill holes by Ardea Resources at Pamela Jean Deeps

Drill hole Type
Depth
(m)

Tenement

Grid
Easting
(mE)

Northing
(mN)
RL
(mASL)

Dip
(°)


Azimuth
(°)
AGSD0001 DD 165.3 M29/00272 MGA94_51 323134 6669598 378 -90
000
AGSR0001 RC 40.3 M29/00272 MGA94_51 322816 6669840 375 -90
000
AGSR0185 RC 83 M29/00272 MGA94_51 323146 6669442 379 -90
000
AGSR0186 RC 95 M29/00272 MGA94_51 323039 6669839 376 -90
000
AGSR0187 RC 95 M29/00272 MGA94_51 323078 6669842 376 -90
000
AGSR0190 RC 127 M29/00272 MGA94_51 323116 6669760 377 -90
000
AGSR0191 RC 42 M29/00272 MGA94_51 323139 6669837 376 -90
000
AGSR0193 RC 48 M29/00272 MGA94_51 323059 6669517 378 -90
000
AGSR0194 RC 41 M29/00272 MGA94_51 323060 6669441 378 -90
000
AGSR0291 RC 31 M29/00272 MGA94_51 323140 6669880 376 -90
000
AGSR0292 RC 30 M29/00272 MGA94_51 323181 6669881 376 -90
000
AGSR0293 RC 35 M29/00272 MGA94_51 323138 6669923 376 -90
000
AGSR0294 RC 51 M29/00272 MGA94_51 322897 6669922 375 -90
000
AGSR0295 RC 53 M29/00272 MGA94_51 322818 6669925 375 -90
000
AGSR0373 RC 30 M29/00272 MGA94_51 322978 6669437 378 -90
000
AGSR0374 RC 28 M29/00272 MGA94_51 322973 6669517 377 -90
000
AGSR0375 RC 28 M29/00272 MGA94_51 322895 6669757 376 -90
000
AGSR0377 RC 31 M29/00272 MGA94_51 322978 6669689 377 -90
000
AGSR0380 RC 25 M29/00272 MGA94_51 322896 6669837 375 -90
000
AGSR0411 RC 110 M29/00272 MGA94_51 323123 6669441 379 -60
100
AGSR0412 RC 150 M29/00272 MGA94_51 323090 6669432 379 -60
100
AGSR0413 RC 120 M29/00272 MGA94_51 323125 6669513 378 -60
100
AGSR0414 RC 158 M29/00272 MGA94_51 323074 6669511 378 -60
090
AGSR0415 RC 80 M29/00272 MGA94_51 323038 6669921 375 -90
000
AGSR0416 RC 90 M29/00272 MGA94_51 323038 6669875 376 -90
000
AGSR0417 RC 70 M29/00272 MGA94_51 323042 6669834 376 -60
270
AGSR0418 RC 180 M29/00272 MGA94_51 323059 6669592 377 -60
090
AGSR0419 RC 170 M29/00272 MGA94_51 323083 6669684 377 -60
090
AGSR0420 RC 170 M29/00272 MGA94_51 323054 6669685 377 -60
090
AGSR0421 RC 130 M29/00272 MGA94_51 323078 6669748 377 -60
090
AGSR0422 RC 160 M29/00272 MGA94_51 323045 6669748 377 -60
090

17

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Appendix 4 – Assay results from Pamela Jean Deeps

All assays from recent drilling at Pamela Jean Deeps, Goongarrie South. Abbreviations used: Co – cobalt, Ni – nickel, Sc – scandium, Mn – Manganese, Cr – chromium, V – vanadium, Au – gold, m – metre, g/t – grams per tonne, ppm – parts per million, ppb – parts per billion, bd – below detection.

Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
number number
AGSD0001 1.9 4 S200841 0.016 bd bd 186 732 123 8 AGSD0001 156 158 S200931 1.32 0.064 40 5019 14501 118 5
AGSD0001 4 6 S200842 0.02 bd 10 101 2052 224 3 AGSD0001 158 160 S200932 1.915 0.094 30 8869 27907 140 1
AGSD0001 6 8 S200843 0.024 bd 10 70 2873 342 3 AGSD0001 160 162 S200933 1.445 0.053 30 5964 19836 101 8
AGSD0001 8 10 S200844 0.034 0.001 30 62 2825 196 1 AGSD0001 162 164 S200934 1.045 0.029 20 3238 17373 78 47
AGSD0001 10 12 S200845 0.029 bd 30 70 1936 151 2 AGSD0001 164 165.04 S200935 0.583 0.03 10 550 8516 50 9
AGSD0001 12 14 S200846 0.031 0.002 30 62 2031 134 3 AGSR0001 0 2.3 AR000001 0.021 0.001 12 450 410 100 12
AGSD0001 14 16 S200847 0.031 0.001 10 116 3618 291 2 AGSR0001 2.3 4.3 AR000002 0.079 0.016 24 500 1340 200 4
AGSD0001 16 18 S200848 0.021 0.002 20 178 5219 426 2 AGSR0001 4.3 6.3 AR000003 0.064 0.007 30 290 2130 400 2
AGSD0001 18 20 S200849 0.031 0.002 20 147 6573 515 2 AGSR0001 6.3 8.3 AR000004 0.155 0.018 37 2810 3080 400 bd
AGSD0001 20 21.9 S200851 0.055 0.006 30 178 9371 762 2 AGSR0001 8.3 10.3 AR000005 0.706 0.041 42 1960 3230 100 21
AGSD0001 22.6 24.3 S200852 0.09 0.006 20 209 10876 739 1 AGSR0001 10.3 12.3 AR000006 0.468 0.024 21 670 3560 100 1
AGSD0001 24.3 26.2 S200853 0.19 0.012 70 194 16826 941 4 AGSR0001 12.3 14.3 AR000007 0.757 0.046 33 990 3340 bd 3
AGSD0001 26.2 28.2 S200854 0.295 0.012 120 248 15185 403 5 AGSR0001 14.3 16.3 AR000009 0.815 0.08 49 1680 3660 100 2
AGSD0001 28.2 30.3 S200855 0.346 0.012 130 271 16005 258 3 AGSR0001 16.3 18.3 AR000010 0.886 0.338 38 18000 3150 200 4
AGSD0001 30.3 32 S200856 0.494 0.017 90 387 9234 202 5 AGSR0001 18.3 20.3 AR000011 0.754 0.077 21 3110 4010 bd 10
AGSD0001 32 34 S200857 0.439 0.019 70 457 9166 123 3 AGSR0001 20.3 22.3 AR000012 0.639 0.038 15 1800 2470 bd 3
AGSD0001 34 35.57 S200858 0.574 0.018 70 945 8824 252 4 AGSR0001 22.3 24.3 AR000013 0.426 0.027 9 750 1850 bd 10
AGSD0001 36.07 38.5 S200859 0.565 0.014 50 960 7387 235 2 AGSR0001 24.3 26.3 AR000014 0.502 0.037 6 2690 1860 bd 3
AGSD0001 38.5 40.4 S200862 0.821 0.017 50 643 12722 213 bd AGSR0001 26.3 28.3 AR000015 0.459 0.038 7 2000 1930 bd 2
AGSD0001 40.8 43.1 S200863 0.798 0.021 60 837 13748 230 2 AGSR0001 28.3 30.3 AR000016 0.334 0.028 6 1690 1450 bd 4
AGSD0001 43.8 44.5 S200864 0.527 0.011 60 713 11081 241 4 AGSR0001 30.3 32.3 AR000017 0.645 0.073 7 4980 2180 bd 3
AGSD0001 44.5 46 S200865 0.259 0.006 40 527 13064 319 2 AGSR0001 32.3 34.3 AR000019 0.343 0.037 4 3970 865 bd 2
AGSD0001 46 48 S200866 0.383 0.013 50 968 13475 303 2 AGSR0001 34.3 36.3 AR000020 0.319 0.018 3 1900 680 bd 2
AGSD0001 48 50.2 S200867 1.12 0.016 60 1038 24829 190 bd AGSR0001 36.3 38.3 AR000021 0.291 0.011 3 1020 555 bd 1
AGSD0001 50.2 52.1 S200868 1.495 0.028 60 1665 33858 168 1 AGSR0001 38.3 40.3 AR000022 0.222 0.007 3 640 610 bd bd
AGSD0001 52.1 54 S200869 1.165 0.025 50 1596 32148 157 2 AGSR0185 0 2 AR007752 0.014 0.002 8 150 325 bd 17
AGSD0001 54 56.3 S200871 0.533 0.026 50 1596 33584 196 1 AGSR0185 2 4 AR007753 0.028 0.001 21 120 3370 400 5
AGSD0001 56.3 58.4 S200872 0.287 0.028 60 930 20930 213 1 AGSR0185 4 6 AR007754 0.022 bd 14 100 4110 400 2
AGSD0001 58.4 59.9 S200873 0.919 0.017 40 1658 16005 146 bd AGSR0185 6 8 AR007755 0.026 0.001 20 120 4350 400 4
AGSD0001 60.3 62 S200874 1.04 0.021 30 1774 17784 118 bd AGSR0185 8 10 AR007757 0.025 0.001 28 120 4730 400 6
AGSD0001 62 63 S200875 0.76 0.013 30 1425 15800 106 bd AGSR0185 10 12 AR007758 0.109 0.002 33 230 9890 400 1
AGSD0001 63 65 S200876 0.959 0.023 30 1936 22161 118 4 AGSR0185 12 14 AR007759 0.178 0.005 43 260 13500 300 bd
AGSD0001 65 67 S200877 1.445 0.028 30 2432 22435 140 2 AGSR0185 14 16 AR007760 0.291 0.006 55 300 15700 100 2
AGSD0001 67 69 S200878 1.275 0.042 30 2742 19289 168 bd AGSR0185 16 18 AR007761 0.323 0.007 63 260 15200 200 5
AGSD0001 69 71 S200879 0.971 0.034 50 2022 19699 207 1 AGSR0185 18 20 AR007762 0.432 0.01 64 330 11500 100 4
AGSD0001 71 73 S200881 1.155 0.038 50 1967 15800 185 2 AGSR0185 20 22 AR007763 0.634 0.022 45 690 6700 100 5
AGSD0001 73 75 S200882 1.23 0.043 30 1936 14364 134 1 AGSR0185 22 24 AR007764 0.645 0.032 36 690 8230 100 2
AGSD0001 75 77 S200883 1.335 0.045 60 2076 14911 179 bd AGSR0185 24 26 AR007765 0.601 0.029 39 510 9780 bd 3
AGSD0001 77 79 S200884 1.055 0.04 30 1642 12893 129 2 AGSR0185 26 28 AR007767 0.757 0.026 27 530 6250 bd 3
AGSD0001 79 81 S200885 1.055 0.048 40 1658 9986 151 2 AGSR0185 28 30 AR007768 0.68 0.023 25 510 5820 bd 4
AGSD0001 81 83 S200886 1.09 0.048 20 1712 11047 146 1 AGSR0185 30 32 AR007769 0.661 0.022 20 450 4390 bd 5
AGSD0001 83 85 S200887 1.005 0.057 20 1960 10602 140 2 AGSR0185 32 34 AR007770 0.975 0.035 24 720 6810 bd 2
AGSD0001 85 87 S200888 1.255 0.057 30 1588 11560 157 2 AGSR0185 34 36 AR007771 1.09 0.054 20 1220 5600 bd 3
AGSD0001 87 89 S200889 1.02 0.112 20 2579 9815 118 107 AGSR0185 36 38 AR007772 1.04 0.071 20 2630 5780 bd 3
AGSD0001 89 91 S200891 1.255 0.057 10 1317 10226 78 5 AGSR0185 38 40 AR007773 1.11 0.192 16 8580 4520 bd 2
AGSD0001 91 92 S200892 1.085 0.037 10 705 10773 84 12 AGSR0185 40 42 AR007774 1.06 0.095 11 5280 3210 bd bd
AGSD0001 92 94 S200893 1.21 0.058 20 1224 11149 50 34 AGSR0185 42 44 AR007775 0.633 0.039 14 2170 3120 bd 4
AGSD0001 94 95.6 S200894 0.963 0.039 20 1015 12449 84 45 AGSR0185 44 46 AR007777 0.556 0.025 8 1880 2370 bd 3
AGSD0001 95.6 96.4 S200895 3.16 1.95 20 139427 12038 50 6 AGSR0185 46 48 AR007778 0.383 0.015 6 1100 1570 bd 3
AGSD0001 98.9 100 S200896 2.14 0.897 30 36406 27975 123 2 AGSR0185 48 50 AR007779 0.348 0.015 4 1440 1160 bd 6
AGSD0001 100 101 S200897 1.75 0.319 30 11774 23803 123 4 AGSR0185 50 52 AR007780 0.269 0.007 4 690 2140 bd 57
AGSD0001 101 102.8 S200898 1.495 0.213 30 6979 21888 101 2 AGSR0185 52 54 AR007781 0.221 0.006 4 690 990 bd 6
AGSD0001 103.4 106 S200901 1.18 0.061 40 1805 33653 179 30 AGSR0185 54 56 AR007782 0.222 0.008 5 690 1180 bd 4
AGSD0001 106.2 108 S200902 1.295 0.068 60 1317 41245 207 20 AGSR0185 56 58 AR007783 0.254 0.01 6 860 1390 bd 3
AGSD0001 108 110 S200903 1.29 0.055 40 1317 33926 190 17 AGSR0185 58 60 AR007784 0.28 0.011 6 890 1510 bd 1
AGSD0001 110 112 S200904 1.22 0.064 60 1611 39261 202 51 AGSR0185 60 62 AR007785 0.272 0.01 5 830 1420 bd 2
AGSD0001 112 114 S200905 1.005 0.05 50 1216 29822 190 1 AGSR0185 62 64 AR007787 0.251 0.01 5 880 1300 bd 2
AGSD0001 114 116 S200906 0.775 0.05 60 1363 44665 263 2 AGSR0185 64 66 AR007788 0.255 0.01 4 840 1290 bd bd
AGSD0001 116 118 S200907 0.821 0.046 60 1317 31943 246 6 AGSR0185 66 68 AR007789 0.218 0.008 5 820 1010 bd 2
AGSD0001 118 120 S200908 1.57 0.41 40 12820 27155 202 41 AGSR0185 68 70 AR007790 0.248 0.009 5 860 1310 bd 4
AGSD0001 120 122 S200909 1.53 0.163 50 7072 33789 179 44 AGSR0185 70 72 AR007791 0.253 0.009 5 860 1220 bd bd
AGSD0001 122 124 S200911 1.11 0.099 30 7273 25581 146 1 AGSR0185 72 74 AR007792 0.261 0.01 5 840 1350 bd 2
AGSD0001 124 126 S200912 1.295 0.078 40 3470 29001 162 9 AGSR0185 74 76 AR007793 0.232 0.01 4 780 1240 bd 2
AGSD0001 126 127.3 S200913 0.967 0.052 40 976 23393 118 4 AGSR0185 76 78 AR007794 0.247 0.01 3 800 1460 bd 3
AGSD0001 127.7 130 S200914 0.904 0.053 40 960 21341 129 5 AGSR0185 78 80 AR007795 0.262 0.01 5 820 2350 bd 4
AGSD0001 130 132 S200915 0.667 0.041 20 875 17989 73 1 AGSR0185 80 82 AR007797 0.26 0.011 5 920 1870 bd 2
AGSD0001 132 134.1 S200916 0.896 0.068 20 1991 11833 84 5 AGSR0185 82 83 AR007798 0.277 0.012 7 880 2330 bd 3
AGSD0001 134.3 134.8 S200917 0.916 0.022 20 930 10499 78 bd AGSR0186 0 2 AR007799 0.041 0.004 12 290 535 100 28
AGSD0001 135.3 137 S200918 0.467 0.025 10 1208 4617 39 bd AGSR0186 2 4 AR007800 0.093 0.005 17 340 1360 100 6
AGSD0001 137 139 S200919 0.212 0.012 10 991 4378 22 1 AGSR0186 4 6 AR007801 0.022 0.002 22 140 2200 400 2
AGSD0001 139 140.2 S200921 0.346 0.024 bd 1332 4405 22 3 AGSR0186 6 8 AR007802 0.033 0.003 25 140 3510 500 3
AGSD0001 140.2 142.3 S200922 0.761 0.049 10 2696 7353 50 3 AGSR0186 8 10 AR007803 0.066 0.01 21 190 8490 300 3
AGSD0001 142.5 144.1 S200923 0.659 0.045 20 1146 8140 73 bd AGSR0186 10 12 AR007804 0.052 0.006 23 110 11800 300 2
AGSD0001 144.1 146 S200924 0.841 0.169 10 6321 10499 50 1 AGSR0186 12 14 AR007805 0.084 0.005 25 100 13800 300 4
AGSD0001 146 148 S200925 1.01 0.046 10 3400 12209 50 5 AGSR0186 14 16 AR007807 0.165 0.008 34 120 12600 200 7
AGSD0001 148 150 S200926 0.798 0.059 20 1727 9302 67 bd AGSR0186 16 18 AR007808 0.221 0.009 32 130 16700 300 5
AGSD0001 150 152 S200927 1.275 0.064 20 1913 17100 73 6 AGSR0186 18 20 AR007809 0.267 0.007 44 130 18600 400 6
AGSD0001 152 154 S200928 1.34 0.194 20 13633 13167 28 36 AGSR0186 20 22 AR007810 0.446 0.014 70 340 19300 300 9
AGSD0001 154 156 S200929 1.03 0.083 20 6917 11525 45 bd AGSR0186 22 24 AR007811 0.626 0.019 75 470 19900 300 7

18

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Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
number number
AGSR0186 24 26 AR007812 0.749 0.023 69 530 17600 200 3 AGSR0190 18 20 AR008037 0.113 0.002 49 260 16200 500 1
AGSR0186 26 28 AR007813 0.76 0.025 48 610 12000 100 4 AGSR0190 20 22 AR008039 0.147 0.002 63 120 17200 400 4
AGSR0186 28 30 AR007814 0.774 0.032 43 670 11100 100 4 AGSR0190 22 24 AR008041 0.171 0.004 68 160 12900 400 3
AGSR0186 30 32 AR007815 0.957 0.041 44 750 11700 100 3 AGSR0190 24 26 AR008043 0.176 0.003 65 330 13300 500 2
AGSR0186 32 34 AR007817 0.818 0.033 40 970 9920 100 1 AGSR0190 26 28 AR008045 0.17 0.004 58 350 14800 500 4
AGSR0186 34 36 AR007818 0.817 0.029 43 1010 9430 200 3 AGSR0190 28 30 AR008047 0.193 0.004 65 350 16900 500 2
AGSR0186 36 38 AR007819 0.837 0.03 42 1180 9790 200 2 AGSR0190 30 32 AR008049 0.313 0.004 81 220 22900 500 2
AGSR0186 38 40 AR007820 1 0.024 38 980 16700 100 bd AGSR0190 32 34 AR008051 0.375 0.006 93 260 19300 300 3
AGSR0186 40 42 AR007821 0.895 0.023 35 1050 16800 100 2 AGSR0190 34 36 AR008053 0.447 0.006 104 320 17900 300 7
AGSR0186 42 44 AR007822 0.869 0.023 36 1140 15600 100 2 AGSR0190 36 38 AR008057 0.661 0.008 123 580 20400 300 13
AGSR0186 44 46 AR007823 0.887 0.032 34 1310 14800 100 3 AGSR0190 38 40 AR008059 0.714 0.008 117 600 21700 300 14
AGSR0186 46 48 AR007824 0.843 0.034 33 1340 14900 100 bd AGSR0190 40 42 AR008061 0.776 0.008 120 680 25600 300 1
AGSR0186 48 50 AR007825 0.771 0.035 33 1410 15500 200 4 AGSR0190 42 44 AR008063 0.934 0.018 117 760 26700 300 2
AGSR0186 50 52 AR007827 0.583 0.028 33 1170 13800 200 4 AGSR0190 44 46 AR008065 0.98 0.022 104 780 25700 300 1
AGSR0186 52 54 AR007828 0.457 0.028 21 1350 8420 100 5 AGSR0190 46 48 AR008067 0.994 0.025 95 820 29200 300 bd
AGSR0186 54 56 AR007829 0.423 0.033 36 1030 4290 100 1 AGSR0190 48 50 AR008069 0.952 0.03 84 1000 29700 300 bd
AGSR0186 56 58 AR007830 1.19 0.077 27 1460 16100 100 119 AGSR0190 50 52 AR008071 0.94 0.03 89 1040 32000 300 bd
AGSR0186 58 60 AR007831 1.26 0.068 29 1280 30400 100 395 AGSR0190 52 54 AR008073 0.936 0.027 94 1110 28600 300 1
AGSR0186 60 62 AR007832 1.35 0.067 33 1210 31200 100 113 AGSR0190 54 56 AR008077 0.883 0.026 92 1280 26500 200 bd
AGSR0186 62 64 AR007833 0.831 0.049 25 1040 21800 100 44 AGSR0190 56 58 AR008079 0.768 0.026 84 1340 28500 200 1
AGSR0186 64 66 AR007834 1.02 0.064 25 960 22300 100 35 AGSR0190 58 60 AR008081 0.745 0.031 72 1750 26600 200 2
AGSR0186 66 68 AR007835 1.4 0.082 30 1270 29600 100 26 AGSR0190 60 62 AR008083 0.488 0.03 37 2290 14800 100 bd
AGSR0186 68 70 AR007837 1.32 0.077 24 1110 26100 100 40 AGSR0190 62 64 AR008085 0.463 0.039 26 1220 9310 100 1
AGSR0186 70 72 AR007838 1.36 0.064 21 930 22000 100 69 AGSR0190 64 66 AR008087 0.487 0.038 20 4860 6690 bd bd
AGSR0186 72 74 AR007839 0.862 0.047 12 1000 12800 bd 21 AGSR0190 66 68 AR008089 0.404 0.025 12 4250 4390 bd 1
AGSR0186 74 76 AR007840 1.12 0.053 15 740 16800 bd 20 AGSR0190 68 70 AR008091 0.43 0.057 15 8240 5870 bd 1
AGSR0186 76 78 AR007841 1.24 0.056 17 780 19200 100 242 AGSR0190 70 72 AR008093 0.512 0.093 14 27300 6120 bd bd
AGSR0186 78 80 AR007842 1.11 0.052 16 770 19600 100 21 AGSR0190 72 74 AR008097 0.437 0.176 11 63600 4470 bd 5
AGSR0186 80 82 AR007843 0.675 0.036 13 540 12000 bd 60 AGSR0190 74 76 AR008099 0.667 0.361 16 82400 5820 bd bd
AGSR0186 82 84 AR007844 0.551 0.03 11 880 8220 bd 75 AGSR0190 76 78 AR008101 0.892 0.332 24 51500 8900 100 bd
AGSR0186 84 86 AR007845 0.228 0.014 4 1410 3080 bd 23 AGSR0190 78 80 AR008103 1.07 0.182 37 12900 11700 100 5
AGSR0186 86 88 AR007847 0.142 0.008 4 820 2530 bd 4 AGSR0190 80 82 AR008105 1.1 0.158 37 8730 14800 100 4
AGSR0186 88 90 AR007848 0.259 0.017 4 1050 3260 bd 30 AGSR0190 82 84 AR008107 1.04 0.109 29 5510 11700 100 4
AGSR0186 90 92 AR007849 0.429 0.018 5 440 3320 bd 24 AGSR0190 84 86 AR008109 1.2 0.077 24 2490 7190 100 140
AGSR0186 92 94 AR007850 0.361 0.019 4 1230 3700 bd 15 AGSR0190 86 88 AR008111 1.41 0.075 29 1750 12900 100 51
AGSR0186 94 95 AR007851 0.252 0.015 3 1290 3820 bd 12 AGSR0190 88 90 AR008113 1.28 0.07 29 1470 16200 100 83
AGSR0187 0 2 AR007852 0.027 0.006 16 290 445 100 13 AGSR0190 90 92 AR008117 1.19 0.082 31 2040 20700 100 95
AGSR0187 2 4 AR007853 0.029 0.004 19 160 1120 200 3 AGSR0190 92 94 AR008119 1.26 0.104 32 4310 21900 100 64
AGSR0187 4 6 AR007854 0.02 0.002 18 130 1580 300 bd AGSR0190 94 96 AR008121 1.22 0.102 33 3640 25200 100 53
AGSR0187 6 8 AR007855 0.025 0.002 27 170 6110 600 2 AGSR0190 96 98 AR008123 1.27 0.092 30 2180 21500 200 50
AGSR0187 8 10 AR007857 0.075 0.011 30 170 2220 300 5 AGSR0190 98 100 AR008125 1.29 0.098 29 2360 16600 100 42
AGSR0187 10 12 AR007858 0.125 0.034 37 460 2220 300 4 AGSR0190 100 102 AR008127 1.41 0.103 27 2000 18400 100 41
AGSR0187 12 14 AR007859 0.13 0.053 37 570 3190 200 2 AGSR0190 102 104 AR008129 1.35 0.111 29 3330 20400 100 65
AGSR0187 14 16 AR007860 0.084 0.009 44 280 7320 300 1 AGSR0190 104 106 AR008131 1.26 0.087 22 6990 20600 100 81
AGSR0187 16 18 AR007861 0.14 0.006 55 180 10800 300 3 AGSR0190 106 108 AR008133 1.29 0.072 23 3170 19600 100 43
AGSR0187 18 20 AR007862 0.165 0.007 68 140 12300 200 5 AGSR0190 108 110 AR008137 0.907 0.043 14 1130 13000 100 40
AGSR0187 20 22 AR007863 0.278 0.008 81 160 16300 300 4 AGSR0190 110 112 AR008139 0.933 0.041 12 1130 10300 bd 46
AGSR0187 22 24 AR007864 0.395 0.011 113 290 13000 300 1 AGSR0190 112 114 AR008141 0.945 0.03 11 740 9740 bd 22
AGSR0187 24 26 AR007865 0.514 0.015 125 460 12100 200 5 AGSR0190 114 116 AR008143 0.872 0.026 10 770 8750 bd 20
AGSR0187 26 28 AR007867 0.62 0.026 81 770 12200 200 2 AGSR0190 116 118 AR008145 1.23 0.03 12 630 10400 bd 19
AGSR0187 28 30 AR007868 0.585 0.042 75 900 13000 200 3 AGSR0190 118 120 AR008147 1.11 0.03 11 580 9820 bd 19
AGSR0187 30 32 AR007869 0.551 0.034 68 810 13000 200 2 AGSR0190 120 122 AR008149 0.817 0.025 8 770 9310 bd 86
AGSR0187 32 34 AR007870 0.679 0.032 71 780 14800 200 1 AGSR0190 122 124 AR008151 0.652 0.021 8 440 5070 bd 96
AGSR0187 34 36 AR007871 0.979 0.025 70 880 16700 200 bd AGSR0190 124 126 AR008153 0.709 0.029 7 2180 5040 bd 63
AGSR0187 36 38 AR007872 1.06 0.021 66 910 18700 200 1 AGSR0190 126 127 AR008155 0.657 0.035 6 3700 3930 bd 16
AGSR0187 38 40 AR007873 1.37 0.03 56 980 17600 200 1 AGSR0191 0 2 AR008159 0.026 0.002 18 360 605 100 21
AGSR0187 40 42 AR007874 1.51 0.03 53 1070 15800 200 bd AGSR0191 2 4 AR008160 0.035 0.004 21 240 990 200 6
AGSR0187 42 44 AR007875 1.31 0.029 43 1200 16200 200 bd AGSR0191 4 6 AR008162 0.024 0.002 18 160 1360 200 bd
AGSR0187 44 46 AR007877 1.25 0.033 40 1140 17700 100 bd AGSR0191 6 8 AR008163 0.024 0.002 27 130 2290 500 3
AGSR0187 46 48 AR007878 1.29 0.033 40 1280 19800 100 bd AGSR0191 8 10 AR008164 0.112 0.013 45 180 3050 300 4
AGSR0187 48 50 AR007879 1.45 0.034 36 1340 21300 100 bd AGSR0191 10 12 AR008165 0.102 0.013 32 300 2690 200 7
AGSR0187 50 52 AR007880 1.05 0.026 44 1000 16600 200 2 AGSR0191 12 14 AR008166 0.109 0.013 33 210 2290 300 8
AGSR0187 52 54 AR007881 0.774 0.029 33 1240 12500 100 4 AGSR0191 14 16 AR008167 0.108 0.014 34 260 4220 500 4
AGSR0187 54 56 AR007882 1.39 0.051 38 1940 15900 100 1 AGSR0191 16 18 AR008168 0.11 0.01 40 120 4370 500 13
AGSR0187 56 58 AR007883 1.35 0.069 36 2310 13400 100 1 AGSR0191 18 20 AR008169 0.1 0.009 48 120 3570 400 5
AGSR0187 58 60 AR007884 1.3 0.077 32 2300 11200 100 1 AGSR0191 20 22 AR008170 0.11 0.03 71 1360 2050 300 7
AGSR0187 60 62 AR007885 1.17 0.08 26 2420 11100 100 1 AGSR0191 22 24 AR008172 0.15 0.018 92 410 6910 300 1
AGSR0187 62 64 AR007887 1.23 0.094 25 3250 9880 100 bd AGSR0191 24 26 AR008173 0.153 0.028 109 540 6250 400 bd
AGSR0187 64 66 AR007888 1.2 0.103 29 3640 12500 100 1 AGSR0191 26 28 AR008174 0.138 0.038 76 390 6850 400 1
AGSR0187 66 68 AR007889 1.23 0.237 40 8320 12900 100 bd AGSR0191 28 30 AR008175 0.173 0.051 55 1600 5190 300 1
AGSR0187 68 70 AR007890 1.2 0.202 35 10300 15700 100 bd AGSR0191 30 32 AR008176 0.156 0.022 29 1650 6560 200 1
AGSR0187 70 72 AR007891 1.34 0.221 39 13500 18300 100 bd AGSR0191 32 34 AR008177 0.228 0.028 29 2420 6370 200 2
AGSR0187 72 74 AR007892 1.61 0.253 39 17000 19500 100 bd AGSR0191 34 36 AR008178 0.322 0.01 26 490 7760 200 2
AGSR0187 74 76 AR007893 1.5 0.189 36 12100 20300 100 172 AGSR0191 36 38 AR008179 0.279 0.012 20 1700 4910 200 bd
AGSR0187 76 78 AR007894 1.43 0.089 39 4830 25400 100 710 AGSR0191 38 40 AR008180 0.183 0.01 22 460 4710 100 8
AGSR0187 78 80 AR007895 1.41 0.074 39 2590 27800 100 256 AGSR0191 40 42 AR008182 0.1 0.006 41 630 3390 100 6
AGSR0187 80 82 AR007897 1.24 0.101 33 3990 24100 100 142 AGSR0193 0 2 AR008210 0.021 0.002 16 170 525 bd 8
AGSR0187 82 84 AR007898 0.664 0.081 14 6460 9610 bd 131 AGSR0193 2 4 AR008212 0.032 0.004 21 190 945 bd 4
AGSR0187 84 86 AR007899 0.374 0.035 6 5330 3310 bd 34 AGSR0193 4 6 AR008213 0.032 0.004 21 140 3490 200 5
AGSR0187 86 88 AR007900 0.304 0.026 5 4510 2000 bd 16 AGSR0193 6 8 AR008214 0.132 0.009 30 270 15400 100 bd
AGSR0187 88 90 AR007901 0.348 0.036 4 5470 1750 bd 6 AGSR0193 8 10 AR008215 0.108 0.007 32 180 17000 bd bd
AGSR0187 90 92 AR007902 0.277 0.016 5 1120 1960 bd 9 AGSR0193 10 12 AR008216 0.195 0.016 27 350 17200 bd bd
AGSR0187 92 94 AR007903 0.228 0.01 4 1060 1840 bd 4 AGSR0193 12 14 AR008217 0.165 0.023 38 410 17600 bd bd
AGSR0187 94 95 AR007904 0.241 0.01 5 880 2240 bd 14 AGSR0193 14 16 AR008218 0.171 0.021 34 480 19600 bd bd
AGSR0190 0 2 AR008017 0.011 0.001 10 220 370 100 14 AGSR0193 16 18 AR008219 0.336 0.023 54 390 30900 100 3
AGSR0190 2 4 AR008019 0.016 0.001 14 170 655 100 3 AGSR0193 18 20 AR008220 0.31 0.018 40 310 17100 bd 4
AGSR0190 4 6 AR008021 0.014 0.001 15 120 1140 200 bd AGSR0193 20 22 AR008222 0.351 0.017 30 380 11500 bd 7
AGSR0190 6 8 AR008023 0.04 0.003 29 200 2000 200 1 AGSR0193 22 24 AR008223 0.534 0.025 31 540 11400 bd 10
AGSR0190 8 10 AR008025 0.069 0.007 27 250 2320 200 7 AGSR0193 24 26 AR008224 0.492 0.021 22 620 8650 bd 4
AGSR0190 10 12 AR008027 0.06 0.006 24 260 2380 200 11 AGSR0193 26 28 AR008225 0.398 0.018 13 560 6810 bd 10
AGSR0190 12 14 AR008029 0.06 0.008 25 480 1860 200 7 AGSR0193 28 30 AR008226 0.358 0.023 11 1230 6230 bd 6
AGSR0190 14 16 AR008031 0.051 0.003 29 290 7390 400 24 AGSR0193 30 32 AR008227 0.432 0.041 8 2200 5990 bd 4
AGSR0190 16 18 AR008033 0.108 0.003 43 280 12300 400 4 AGSR0193 32 34 AR008228 0.521 0.047 12 2300 7340 bd 4

19

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==> picture [174 x 23] intentionally omitted <==

Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
number number
AGSR0193 34 36 AR008229 0.617 0.056 12 3240 7010 bd 5 AGSR0294 32 34 AR011018 0.441 0.031 17 1330 5750 100 3
AGSR0193 36 38 AR008230 0.521 0.077 8 10400 5970 bd 3 AGSR0294 34 36 AR011019 0.743 0.041 23 1750 7970 100 2
AGSR0193 38 40 AR008232 0.492 0.042 8 4410 5140 bd 3 AGSR0294 36 38 AR011020 0.358 0.015 8 790 7090 bd 5
AGSR0193 40 42 AR008233 0.382 0.024 5 2350 3750 bd 1 AGSR0294 38 40 AR011022 0.205 0.009 5 460 5730 bd 5
AGSR0193 42 44 AR008234 0.293 0.014 3 1160 4130 bd 1 AGSR0294 40 42 AR011023 0.212 0.011 6 450 6700 bd 4
AGSR0193 44 46 AR008235 0.291 0.012 3 920 3970 bd 1 AGSR0294 42 44 AR011024 0.418 0.021 9 2210 16700 bd 5
AGSR0193 46 48 AR008236 0.374 0.019 4 1860 3370 bd 1 AGSR0294 44 46 AR011025 0.284 0.013 6 1790 13700 bd 12
AGSR0194 0 2 AR008237 0.018 0.002 7 250 465 bd 5 AGSR0294 46 48 AR011026 0.504 0.026 6 2260 11400 bd 4
AGSR0194 2 4 AR008238 0.052 0.002 22 330 2830 200 5 AGSR0294 48 50 AR011027 0.367 0.017 5 2040 10000 bd 4
AGSR0194 4 6 AR008239 0.065 0.006 23 430 7880 200 2 AGSR0294 50 51 AR011028 0.362 0.027 4 1550 5670 bd 6
AGSR0194 6 8 AR008240 0.175 0.009 24 330 15400 100 bd AGSR0295 0 2 AR011029 0.018 0.001 9 150 455 100 6
AGSR0194 8 10 AR008242 0.105 0.004 24 170 18500 bd bd AGSR0295 2 4 AR011030 0.01 0.001 9 120 390 100 5
AGSR0194 10 12 AR008243 0.149 0.016 27 220 10800 bd bd AGSR0295 4 6 AR011032 0.033 0.003 37 520 2680 500 2
AGSR0194 12 14 AR008244 0.154 0.029 39 420 10400 bd bd AGSR0295 6 8 AR011033 0.024 0.001 28 280 1970 400 3
AGSR0194 14 16 AR008245 0.167 0.018 31 330 10100 bd bd AGSR0295 8 10 AR011034 0.069 0.01 9 3310 560 bd 4
AGSR0194 16 18 AR008246 0.235 0.013 38 200 10800 bd 1 AGSR0295 10 12 AR011035 0.097 0.018 6 1460 685 bd 4
AGSR0194 18 20 AR008247 0.352 0.018 40 370 11800 bd 2 AGSR0295 12 14 AR011036 0.049 0.004 7 100 635 bd 2
AGSR0194 20 22 AR008248 0.321 0.014 21 420 8240 bd 9 AGSR0295 14 16 AR011037 0.041 0.002 6 40 310 bd 1
AGSR0194 22 24 AR008249 0.556 0.022 19 510 7020 bd 8 AGSR0295 16 18 AR011038 0.139 0.006 11 230 6460 200 1
AGSR0194 24 26 AR008250 0.654 0.026 18 650 7080 bd 7 AGSR0295 18 20 AR011039 0.382 0.03 20 1290 16600 300 1
AGSR0194 26 28 AR008252 0.618 0.025 16 700 6560 bd 12 AGSR0295 20 22 AR011040 0.817 0.106 34 8510 16400 200 1
AGSR0194 28 30 AR008253 0.644 0.024 16 660 7380 bd 8 AGSR0295 22 24 AR011042 0.567 0.071 44 1940 10000 100 1
AGSR0194 30 32 AR008254 0.597 0.025 17 810 8850 bd 5 AGSR0295 24 26 AR011043 0.374 0.041 25 1420 3850 bd 1
AGSR0194 32 34 AR008255 0.429 0.018 9 1240 6040 bd 5 AGSR0295 26 28 AR011044 0.218 0.014 24 590 3150 100 1
AGSR0194 34 36 AR008256 0.487 0.022 7 1490 8060 bd 2 AGSR0295 28 30 AR011045 0.505 0.024 29 630 5800 bd 1
AGSR0194 36 38 AR008257 0.38 0.017 5 1370 7840 bd 1 AGSR0295 30 32 AR011046 0.317 0.029 13 1000 1370 bd 2
AGSR0194 38 40 AR008258 0.371 0.018 5 1360 7220 bd 1 AGSR0295 32 34 AR011047 0.271 0.03 12 1080 675 bd 2
AGSR0194 40 41 AR008259 0.273 0.01 4 930 4690 bd 2 AGSR0295 34 36 AR011048 0.301 0.026 16 950 2090 100 5
AGSR0291 0 2 AR010945 0.017 0.002 15 300 490 100 6 AGSR0295 36 38 AR011049 0.277 0.016 14 610 1750 100 2
AGSR0291 2 4 AR010946 0.021 0.003 19 200 685 100 4 AGSR0295 38 40 AR011050 0.301 0.013 13 400 845 100 3
AGSR0291 4 6 AR010947 0.018 bd 21 110 1860 300 4 AGSR0295 40 42 AR011052 0.266 0.014 15 490 1550 100 4
AGSR0291 6 8 AR010948 0.021 0.001 25 70 2340 400 3 AGSR0295 42 44 AR011053 0.383 0.008 11 240 690 bd 3
AGSR0291 8 10 AR010950 0.072 0.008 45 90 3100 300 13 AGSR0295 44 46 AR011054 0.401 0.01 11 280 455 bd 3
AGSR0291 10 12 AR010951 0.153 0.02 43 350 4260 300 7 AGSR0295 46 48 AR011055 0.4 0.008 11 280 465 bd 2
AGSR0291 12 14 AR010952 0.135 0.018 39 290 3430 300 6 AGSR0295 48 50 AR011056 0.473 0.009 10 300 340 bd bd
AGSR0291 14 16 AR010953 0.106 0.018 38 290 2620 200 6 AGSR0295 50 52 AR011057 0.639 0.015 9 290 280 bd 4
AGSR0291 16 18 AR010954 0.087 0.013 37 220 2390 200 14 AGSR0295 52 53 AR011058 0.687 0.016 9 280 275 bd 78
AGSR0291 18 20 AR010955 0.069 0.006 33 90 1790 100 6 AGSR0373 0 2 AR013660 0.048 0.002 8 230 1470 100 12
AGSR0291 20 22 AR010956 0.065 0.006 30 140 1370 100 5 AGSR0373 2 4 AR013661 0.029 0.002 12 180 895 100 3
AGSR0291 22 24 AR010957 0.063 0.005 29 170 3150 400 3 AGSR0373 4 6 AR013663 0.039 0.001 23 190 2430 200 3
AGSR0291 24 26 AR010958 0.1 0.01 36 290 3070 400 3 AGSR0373 6 8 AR013664 0.124 bd 25 220 7030 100 2
AGSR0291 26 28 AR010960 0.044 0.003 37 340 2400 100 2 AGSR0373 8 10 AR013665 0.283 0.005 33 380 19700 200 1
AGSR0291 28 30 AR010961 0.072 0.005 56 290 4360 200 2 AGSR0373 10 12 AR013666 0.288 0.017 25 650 22400 200 10
AGSR0291 30 31 AR010962 0.113 0.031 86 2260 4430 400 2 AGSR0373 12 14 AR013667 0.334 0.013 22 460 19800 bd 2
AGSR0292 0 2 AR010963 0.015 0.001 12 200 560 100 10 AGSR0373 14 16 AR013668 0.357 0.013 25 550 10400 bd 1
AGSR0292 2 4 AR010964 0.014 0.001 17 140 635 100 3 AGSR0373 16 18 AR013669 0.25 0.011 21 340 14200 bd 3
AGSR0292 4 6 AR010965 0.021 0.001 23 140 1200 200 5 AGSR0373 18 20 AR013670 0.159 0.007 9 240 3920 bd 9
AGSR0292 6 8 AR010966 0.033 0.003 28 170 1560 200 3 AGSR0373 20 22 AR013671 0.183 0.009 16 260 6920 bd 7
AGSR0292 8 10 AR010967 0.063 0.006 49 240 3610 700 4 AGSR0373 22 24 AR013673 0.184 0.009 17 270 8120 bd 10
AGSR0292 10 12 AR010968 0.122 0.026 57 400 3440 300 61 AGSR0373 24 26 AR013674 0.493 0.022 25 340 6570 bd 7
AGSR0292 12 14 AR010970 0.127 0.02 52 230 3870 300 157 AGSR0373 26 28 AR013675 0.635 0.031 20 600 5230 bd 6
AGSR0292 14 16 AR010971 0.104 0.014 43 220 2790 300 13 AGSR0373 28 30 AR013676 0.783 0.119 21 4070 5650 bd 8
AGSR0292 16 18 AR010972 0.073 0.012 36 270 2020 200 9 AGSR0374 0 2 AR013677 0.102 0.013 9 740 875 100 11
AGSR0292 18 20 AR010973 0.061 0.007 35 190 1670 100 5 AGSR0374 2 4 AR013678 0.03 0.002 10 170 575 100 2
AGSR0292 20 22 AR010974 0.064 0.008 40 280 1500 100 4 AGSR0374 4 6 AR013679 0.031 0.001 19 180 1810 200 3
AGSR0292 22 24 AR010975 0.055 0.006 30 270 3180 300 4 AGSR0374 6 8 AR013680 0.037 bd 23 200 2230 200 1
AGSR0292 24 26 AR010976 0.05 0.004 36 150 5050 600 2 AGSR0374 8 10 AR013681 0.118 0.019 13 460 6580 bd 2
AGSR0292 26 28 AR010977 0.067 0.004 68 150 5030 400 3 AGSR0374 10 12 AR013683 0.129 0.013 12 340 5190 bd 3
AGSR0292 28 30 AR010978 0.048 0.003 62 210 4080 300 3 AGSR0374 12 14 AR013684 0.152 0.007 8 150 2410 bd 1
AGSR0293 0 2 AR010980 0.02 0.002 17 210 880 100 8 AGSR0374 14 16 AR013685 0.085 0.003 7 110 2980 bd 3
AGSR0293 2 4 AR010981 0.016 bd 24 110 2060 400 1 AGSR0374 16 18 AR013686 0.391 0.015 24 260 5380 bd 1
AGSR0293 4 6 AR010982 0.017 0.002 19 230 805 100 7 AGSR0374 18 20 AR013687 0.53 0.019 27 280 7040 bd 8
AGSR0293 6 8 AR010983 0.011 bd 23 70 2610 600 2 AGSR0374 20 22 AR013688 0.429 0.021 33 230 9400 bd 3
AGSR0293 8 10 AR010984 0.065 0.005 36 120 3900 600 3 AGSR0374 22 24 AR013689 0.551 0.024 29 330 5750 bd 5
AGSR0293 10 12 AR010985 0.142 0.019 41 330 3460 300 7 AGSR0374 24 26 AR013690 0.491 0.02 24 310 4610 bd 7
AGSR0293 12 14 AR010986 0.134 0.014 42 170 3730 300 8 AGSR0374 26 28 AR013691 0.386 0.019 17 520 3300 bd 9
AGSR0293 14 16 AR010987 0.095 0.012 34 180 2900 300 5 AGSR0375 0 2 AR013693 0.037 0.003 10 450 510 bd 8
AGSR0293 16 18 AR010988 0.035 0.003 10 180 985 bd 2 AGSR0375 2 4 AR013694 0.033 0.005 12 360 515 100 7
AGSR0293 18 20 AR010990 0.034 0.005 9 390 970 bd 3 AGSR0375 4 6 AR013695 0.091 0.024 43 590 3420 700 7
AGSR0293 20 22 AR010991 0.082 0.01 39 190 2140 200 6 AGSR0375 6 8 AR013696 0.242 0.02 23 520 7450 200 bd
AGSR0293 22 24 AR010992 0.07 0.005 30 140 2230 200 4 AGSR0375 8 10 AR013697 0.403 0.018 29 530 9620 bd 1
AGSR0293 24 26 AR010993 0.087 0.007 31 90 2320 200 3 AGSR0375 10 12 AR013698 0.386 0.018 29 400 9590 100 bd
AGSR0293 26 28 AR010994 0.083 0.006 31 80 2300 100 4 AGSR0375 12 14 AR013699 0.181 0.013 51 330 6630 100 1
AGSR0293 28 30 AR010995 0.069 0.004 31 90 2380 100 4 AGSR0375 14 16 AR013700 0.305 0.025 30 630 6170 bd 2
AGSR0293 30 32 AR010996 0.059 0.004 30 120 2010 100 4 AGSR0375 16 18 AR013701 0.484 0.035 43 580 8440 bd 1
AGSR0293 32 34 AR010997 0.039 0.006 53 390 2870 300 2 AGSR0375 18 20 AR013703 0.433 0.03 51 360 8560 bd 3
AGSR0293 34 35 AR010998 0.045 0.008 56 460 3430 300 5 AGSR0375 20 22 AR013704 0.613 0.044 52 580 9230 bd 1
AGSR0294 0 2 AR011000 0.017 0.004 14 220 620 100 5 AGSR0375 22 24 AR013705 0.685 0.055 39 530 6940 bd 4
AGSR0294 2 4 AR011002 0.015 0.001 22 150 1210 200 3 AGSR0375 24 26 AR013706 0.873 0.044 42 470 10300 100 1
AGSR0294 4 6 AR011003 0.027 0.004 37 430 2540 600 2 AGSR0375 26 28 AR013707 0.552 0.026 28 410 7530 bd 4
AGSR0294 6 8 AR011004 0.07 0.01 38 1260 2250 400 2 AGSR0377 0 2 AR013727 0.312 0.026 11 720 1460 bd 13
AGSR0294 8 10 AR011005 0.156 0.026 21 1530 1990 100 3 AGSR0377 2 4 AR013728 0.153 0.014 17 410 975 100 7
AGSR0294 10 12 AR011006 0.292 0.02 16 250 2770 100 5 AGSR0377 4 6 AR013729 0.299 0.025 14 830 1840 100 7
AGSR0294 12 14 AR011007 0.22 0.004 8 80 1930 bd 3 AGSR0377 6 8 AR013730 0.141 0.008 23 310 9020 200 1
AGSR0294 14 16 AR011008 0.064 0.001 6 20 990 bd 2 AGSR0377 8 10 AR013731 0.235 0.012 32 310 9830 100 2
AGSR0294 16 18 AR011009 0.4 0.032 27 1630 16100 200 6 AGSR0377 10 12 AR013733 0.202 0.015 27 740 8140 100 2
AGSR0294 18 20 AR011010 0.889 0.09 40 6730 21600 100 1 AGSR0377 12 14 AR013734 0.235 0.017 23 590 8050 100 1
AGSR0294 20 22 AR011012 1 0.162 43 7470 17900 100 4 AGSR0377 14 16 AR013735 0.307 0.021 27 410 8310 100 1
AGSR0294 22 24 AR011013 1.01 0.146 47 7040 18600 100 2 AGSR0377 16 18 AR013736 0.276 0.014 30 200 8460 100 1
AGSR0294 24 26 AR011014 1.01 0.083 44 3480 17000 100 2 AGSR0377 18 20 AR013737 0.371 0.017 34 170 8500 bd 2
AGSR0294 26 28 AR011015 1.25 0.056 33 2210 28100 100 2 AGSR0377 20 22 AR013738 0.469 0.023 32 410 7700 bd 5
AGSR0294 28 30 AR011016 1.46 0.038 36 2010 14500 100 1 AGSR0377 22 24 AR013739 0.606 0.027 27 470 5040 bd 4
AGSR0294 30 32 AR011017 1 0.033 25 1190 13500 100 3 AGSR0377 24 26 AR013740 0.53 0.022 19 380 3850 bd 9

20

==> picture [35 x 842] intentionally omitted <==

==> picture [174 x 23] intentionally omitted <==

Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
number number
AGSR0377 26 28 AR013741 0.39 0.017 15 340 2930 bd 3 AGSR0412 44 46 AR019286 1.07 0.057 23 710 16400 bd 2
AGSR0377 28 30 AR013743 0.607 0.041 10 830 1930 bd 7 AGSR0412 46 48 AR019288 1.22 0.06 30 830 13900 100 2
AGSR0377 30 31 AR013744 0.939 0.079 9 1660 1940 bd 1 AGSR0412 48 50 AR019289 1.17 0.059 25 970 12000 bd 1
AGSR0380 0 2 AR013775 0.053 0.005 9 310 400 bd 6 AGSR0412 50 52 AR019290 0.61 0.036 13 1310 7290 bd 5
AGSR0380 2 4 AR013776 0.048 0.007 14 230 655 100 4 AGSR0412 52 54 AR019291 0.388 0.018 7 920 5680 bd 7
AGSR0380 4 6 AR013777 0.045 0.002 29 200 2210 400 2 AGSR0412 54 56 AR019292 0.571 0.03 13 1020 5800 bd 3
AGSR0380 6 8 AR013778 0.035 0.003 21 120 1250 200 bd AGSR0412 56 58 AR019293 0.494 0.027 15 1020 4790 bd 4
AGSR0380 8 10 AR013779 0.113 0.009 17 200 8170 200 1 AGSR0412 58 60 AR019294 0.505 0.026 10 1260 4540 bd 15
AGSR0380 10 12 AR013780 0.22 0.01 27 350 14100 100 2 AGSR0412 60 62 AR019295 0.212 0.008 4 770 1880 bd 11
AGSR0380 12 14 AR013781 0.104 0.006 26 170 14400 200 3 AGSR0412 62 64 AR019296 0.221 0.009 4 780 2570 bd 4
AGSR0380 14 16 AR013783 0.145 0.012 41 80 13500 200 3 AGSR0412 64 66 AR019298 0.215 0.007 4 640 3690 bd 56
AGSR0380 16 18 AR013784 0.296 0.026 38 220 11500 100 1 AGSR0412 66 68 AR019299 0.489 0.024 4 1710 3530 bd 8
AGSR0380 18 20 AR013785 0.579 0.048 34 480 12600 100 1 AGSR0412 68 70 AR019300 0.989 0.059 12 3070 7530 bd 7
AGSR0380 20 22 AR013786 0.842 0.041 31 620 22500 100 6 AGSR0412 70 72 AR019301 0.623 0.044 7 3960 3970 bd 9
AGSR0380 22 24 AR013787 1.14 0.058 25 1180 22700 100 bd AGSR0412 72 74 AR019302 0.394 0.027 4 2810 2610 bd 29
AGSR0380 24 25 AR013788 1.32 0.065 29 1440 23000 100 2 AGSR0412 74 76 AR019303 0.384 0.028 5 2380 4920 bd 51
AGSR0411 0 2 AR019201 0.03 0.002 11 300 525 bd 10 AGSR0412 76 78 AR019304 0.368 0.021 6 760 3190 bd 305
AGSR0411 2 4 AR019202 0.034 0.002 18 160 835 100 3 AGSR0412 78 80 AR019305 0.249 0.01 4 1050 2380 bd 16
AGSR0411 4 6 AR019203 0.036 bd 26 210 3980 300 1 AGSR0412 80 82 AR019306 0.213 0.008 6 770 955 bd 15
AGSR0411 6 8 AR019204 0.026 0.001 18 220 4000 400 2 AGSR0412 82 84 AR019308 0.238 0.01 5 930 935 bd 5
AGSR0411 8 10 AR019205 0.027 0.001 20 170 4380 400 2 AGSR0412 84 86 AR019309 0.2 0.008 4 940 800 bd 2
AGSR0411 10 12 AR019206 0.086 0.002 37 200 9210 300 bd AGSR0412 86 88 AR019310 0.28 0.011 6 940 1120 bd 3
AGSR0411 12 14 AR019208 0.106 0.002 46 130 9020 100 bd AGSR0412 88 90 AR019311 0.222 0.008 4 930 855 bd 1
AGSR0411 14 16 AR019209 0.213 0.005 56 250 15200 200 bd AGSR0412 90 92 AR019312 0.249 0.009 5 880 1010 bd 2
AGSR0411 16 18 AR019210 0.271 0.005 49 270 16000 200 bd AGSR0412 92 94 AR019313 0.281 0.01 5 880 1120 bd 3
AGSR0411 18 20 AR019211 0.435 0.045 25 940 13600 100 1 AGSR0412 94 96 AR019314 0.274 0.011 5 870 1260 bd 2
AGSR0411 20 22 AR019212 0.409 0.04 23 710 6900 100 3 AGSR0412 96 98 AR019315 0.285 0.011 6 920 1250 bd 2
AGSR0411 22 24 AR019213 0.597 0.032 14 590 5980 bd bd AGSR0412 98 100 AR019316 0.288 0.011 6 940 1290 bd 1
AGSR0411 24 26 AR019214 0.674 0.035 20 600 7450 bd 3 AGSR0412 100 102 AR019318 0.274 0.01 6 980 1260 bd 1
AGSR0411 26 28 AR019215 0.775 0.049 17 710 7630 bd 5 AGSR0412 102 104 AR019319 0.293 0.012 6 950 1370 bd bd
AGSR0411 28 30 AR019216 0.636 0.025 15 390 6970 bd 3 AGSR0412 104 106 AR019320 0.285 0.012 6 1040 1310 bd 2
AGSR0411 30 32 AR019218 0.769 0.058 14 950 4200 bd 2 AGSR0412 106 108 AR019321 0.284 0.011 6 860 1320 bd bd
AGSR0411 32 34 AR019219 0.725 0.049 17 880 4770 bd 2 AGSR0412 108 110 AR019322 0.288 0.011 6 830 1430 bd 2
AGSR0411 34 36 AR019220 0.754 0.048 16 820 5740 bd 4 AGSR0412 110 112 AR019323 0.292 0.012 6 860 1630 bd 1
AGSR0411 36 38 AR019221 0.73 0.046 20 900 6120 bd 2 AGSR0412 112 114 AR019324 0.286 0.012 6 840 1550 bd 3
AGSR0411 38 40 AR019222 1.28 0.086 22 1890 4630 bd 3 AGSR0412 114 116 AR019325 0.271 0.011 6 880 1570 bd 1
AGSR0411 40 42 AR019223 1.26 0.079 18 1700 3930 bd 4 AGSR0412 116 118 AR019326 0.273 0.011 5 870 2000 bd 2
AGSR0411 42 44 AR019224 1.27 0.072 17 1850 3980 bd 4 AGSR0412 118 120 AR019328 0.275 0.011 5 810 1910 bd 2
AGSR0411 44 46 AR019225 1.1 0.064 18 2060 4750 bd 5 AGSR0412 120 122 AR019329 0.276 0.011 6 870 1980 bd 2
AGSR0411 46 48 AR019226 0.919 0.044 16 1490 5060 bd 3 AGSR0412 122 124 AR019330 0.279 0.012 6 910 1980 bd 1
AGSR0411 48 50 AR019228 0.696 0.039 10 1910 2830 bd 2 AGSR0412 124 126 AR019331 0.275 0.012 5 900 3290 bd 1
AGSR0411 50 52 AR019229 0.688 0.014 5 1070 1580 bd 2 AGSR0412 126 128 AR019332 0.25 0.011 6 1100 4070 bd 3
AGSR0411 52 54 AR019230 0.652 0.02 7 1570 2090 bd 2 AGSR0412 128 130 AR019333 0.226 0.011 8 880 3730 bd 1
AGSR0411 54 56 AR019231 0.352 0.008 4 780 1410 bd 10 AGSR0412 130 132 AR019334 0.199 0.011 8 950 5100 bd 1
AGSR0411 56 58 AR019232 0.324 0.009 4 820 1490 bd 26 AGSR0412 132 134 AR019335 0.186 0.013 8 1020 5740 bd bd
AGSR0411 58 60 AR019233 0.308 0.007 4 690 1770 bd 53 AGSR0412 134 136 AR019336 0.396 0.028 8 2770 7280 bd 2
AGSR0411 60 62 AR019234 0.228 0.007 4 610 1080 bd 9 AGSR0412 136 138 AR019338 0.557 0.035 7 3260 6880 bd 2
AGSR0411 62 64 AR019235 0.23 0.009 5 740 1370 bd 2 AGSR0412 138 140 AR019339 0.459 0.027 6 3070 4740 bd 3
AGSR0411 64 66 AR019236 0.265 0.011 4 900 1660 bd 14 AGSR0412 140 142 AR019340 1.13 0.108 6 5920 6250 bd 9
AGSR0411 66 68 AR019238 0.345 0.017 7 1320 2550 bd 22 AGSR0412 142 144 AR019341 0.833 0.063 7 5230 6780 bd 5
AGSR0411 68 70 AR019239 0.257 0.01 5 890 1980 bd 4 AGSR0412 144 146 AR019342 0.891 0.024 11 1010 11100 bd 6
AGSR0411 70 72 AR019240 0.259 0.011 5 890 1760 bd 3 AGSR0412 146 148 AR019343 0.796 0.024 9 1270 9890 bd 4
AGSR0411 72 74 AR019241 0.272 0.011 5 1310 3310 bd 5 AGSR0412 148 150 AR019344 0.805 0.022 9 1040 9170 bd 4
AGSR0411 74 76 AR019242 0.282 0.013 4 1660 4030 bd 66 AGSR0413 0 2 AR019345 0.02 0.001 12 220 380 bd 12
AGSR0411 76 78 AR019243 0.55 0.031 7 3140 6360 bd 44 AGSR0413 2 4 AR019346 0.034 0.004 16 190 550 100 6
AGSR0411 78 80 AR019244 0.606 0.028 9 1870 7230 bd 7 AGSR0413 4 6 AR019348 0.03 0.001 24 160 2600 300 1
AGSR0411 80 82 AR019245 0.63 0.028 8 1620 5010 bd 9 AGSR0413 6 8 AR019349 0.029 bd 19 70 3050 300 2
AGSR0411 82 84 AR019246 0.544 0.022 9 950 5000 bd 10 AGSR0413 8 10 AR019350 0.033 0.001 15 50 2770 300 2
AGSR0411 84 86 AR019248 0.706 0.031 8 1410 8780 bd 10 AGSR0413 10 12 AR019351 0.035 0.001 17 100 3830 300 1
AGSR0411 86 88 AR019249 0.829 0.032 9 1210 9190 bd 10 AGSR0413 12 14 AR019352 0.053 0.003 19 300 8750 400 bd
AGSR0411 88 90 AR019250 0.978 0.032 13 1070 11300 bd 7 AGSR0413 14 16 AR019353 0.12 0.004 59 190 11800 300 1
AGSR0411 90 92 AR019251 0.949 0.038 14 1080 14000 bd 13 AGSR0413 16 18 AR019354 0.183 0.011 63 240 7920 100 bd
AGSR0411 92 94 AR019252 0.619 0.043 9 6450 7420 bd 19 AGSR0413 18 20 AR019355 0.252 0.014 52 310 8690 100 bd
AGSR0411 94 96 AR019253 0.669 0.049 8 8240 5960 bd 31 AGSR0413 20 22 AR019356 0.264 0.008 71 240 14800 100 3
AGSR0411 96 98 AR019254 0.463 0.025 5 3010 3880 bd 22 AGSR0413 22 24 AR019358 0.431 0.013 57 350 14900 100 3
AGSR0411 98 100 AR019255 0.457 0.019 7 2140 4750 bd 20 AGSR0413 24 26 AR019359 0.509 0.018 60 480 9550 bd 4
AGSR0411 100 102 AR019256 0.313 0.013 4 1400 3070 bd 4 AGSR0413 26 28 AR019360 0.544 0.017 50 300 14600 bd 1
AGSR0411 102 104 AR019258 0.36 0.013 5 1450 2830 bd 3 AGSR0413 28 30 AR019361 0.642 0.016 58 250 19800 100 2
AGSR0411 104 106 AR019259 0.301 0.011 4 1780 2640 bd 2 AGSR0413 30 32 AR019362 0.711 0.015 61 320 20900 100 2
AGSR0411 106 108 AR019260 0.326 0.013 5 1460 3120 bd 2 AGSR0413 32 34 AR019363 0.686 0.021 43 630 15700 100 2
AGSR0411 108 110 AR019261 0.266 0.011 4 1310 2380 bd 1 AGSR0413 34 36 AR019364 0.906 0.025 54 810 23200 100 1
AGSR0412 0 2 AR019262 0.022 0.001 8 210 350 bd 10 AGSR0413 36 38 AR019365 1.31 0.044 66 1160 31500 100 bd
AGSR0412 2 4 AR019263 0.027 0.001 21 150 1530 100 3 AGSR0413 38 40 AR019366 1.05 0.038 68 980 25700 200 bd
AGSR0412 4 6 AR019264 0.027 bd 24 150 2540 200 1 AGSR0413 40 42 AR019368 0.668 0.032 45 820 16200 100 1
AGSR0412 6 8 AR019265 0.029 bd 25 150 2750 200 1 AGSR0413 42 44 AR019369 0.668 0.035 40 950 14700 100 1
AGSR0412 8 10 AR019266 0.036 0.002 21 150 4370 200 2 AGSR0413 44 46 AR019370 1.11 0.092 37 6200 17900 100 bd
AGSR0412 10 12 AR019268 0.243 0.007 36 320 15600 200 bd AGSR0413 46 48 AR019371 1.31 0.162 39 11800 21700 100 2
AGSR0412 12 14 AR019269 0.333 0.014 37 490 19700 200 bd AGSR0413 48 50 AR019372 1.34 0.125 38 7080 22900 100 2
AGSR0412 14 16 AR019270 0.339 0.019 39 420 26900 300 bd AGSR0413 50 52 AR019373 1.02 0.062 35 2680 22000 100 bd
AGSR0412 16 18 AR019271 0.197 0.01 35 280 25000 200 2 AGSR0413 52 54 AR019374 0.848 0.084 30 3210 17000 100 bd
AGSR0412 18 20 AR019272 0.248 0.012 46 240 22500 200 2 AGSR0413 54 56 AR019375 1.04 0.188 36 9120 12900 100 1
AGSR0412 20 22 AR019273 0.42 0.018 65 340 31300 200 2 AGSR0413 56 58 AR019376 1.21 0.042 38 2980 13200 200 3
AGSR0412 22 24 AR019274 0.562 0.035 87 460 33000 200 3 AGSR0413 58 60 AR019378 1.21 0.038 34 2390 12400 100 2
AGSR0412 24 26 AR019275 0.628 0.03 84 780 58800 200 4 AGSR0413 60 62 AR019379 1.31 0.034 34 1640 12800 100 bd
AGSR0412 26 28 AR019276 0.633 0.029 75 660 44300 200 5 AGSR0413 62 64 AR019380 0.89 0.026 48 1440 15600 100 bd
AGSR0412 28 30 AR019278 0.713 0.04 67 770 35300 100 4 AGSR0413 64 66 AR019381 1.02 0.029 42 1260 13700 100 bd
AGSR0412 30 32 AR019279 0.931 0.107 33 2190 15000 bd 3 AGSR0413 66 68 AR019382 1.14 0.16 37 10300 12500 100 bd
AGSR0412 32 34 AR019280 1.11 0.145 30 2370 14800 bd 2 AGSR0413 68 70 AR019383 1.27 0.283 36 21000 8920 100 bd
AGSR0412 34 36 AR019281 1.32 0.159 31 2320 16900 bd 3 AGSR0413 70 72 AR019384 1.34 0.196 35 11100 8750 100 bd
AGSR0412 36 38 AR019282 1.3 0.12 41 1870 36200 100 3 AGSR0413 72 74 AR019385 1.54 0.25 35 10700 10500 100 bd
AGSR0412 38 40 AR019283 1.08 0.069 34 1070 30700 100 2 AGSR0413 74 76 AR019386 1.45 0.246 35 11100 9640 100 bd
AGSR0412 40 42 AR019284 1.09 0.064 33 960 31400 100 3 AGSR0413 76 78 AR019388 1.36 0.216 36 9600 8720 100 bd
AGSR0412 42 44 AR019285 1.46 0.076 32 860 24400 100 2 AGSR0413 78 80 AR019389 1.41 0.26 33 12300 8040 100 bd

21

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Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
number number
AGSR0413 80 82 AR019390 1.41 0.116 35 5150 9250 100 1 AGSR0414 146 148 AR019493 0.263 0.015 6 1330 4690 bd 2
AGSR0413 82 84 AR019391 1.52 0.074 34 3090 9770 100 bd AGSR0414 148 150 AR019494 0.445 0.013 6 1220 5330 bd bd
AGSR0413 84 86 AR019392 1.39 0.062 32 2450 9440 100 bd AGSR0414 150 152 AR019495 0.569 0.014 11 740 6720 bd 1
AGSR0413 86 88 AR019393 1.37 0.062 33 2010 11700 100 1 AGSR0414 152 154 AR019496 0.35 0.015 7 1270 6100 bd bd
AGSR0413 88 90 AR019394 1.34 0.162 33 4820 10700 100 11 AGSR0414 154 156 AR019498 0.468 0.016 7 1000 6440 bd bd
AGSR0413 90 92 AR019395 1.39 0.094 34 2750 16100 100 bd AGSR0414 156 158 AR019499 0.257 0.013 5 1030 4040 bd 1
AGSR0413 92 94 AR019396 1.32 0.058 24 2860 13700 100 3 AGSR0415 0 2 AR019504 0.026 0.004 21 390 480 100 16
AGSR0413 94 96 AR019398 1.09 0.027 14 1910 10600 bd 20 AGSR0415 2 4 AR019505 0.258 0.008 15 520 3190 100 4
AGSR0413 96 98 AR019399 0.995 0.019 13 1550 8430 bd 19 AGSR0415 4 6 AR019506 0.017 bd 23 140 1590 300 1
AGSR0413 98 100 AR019400 0.718 0.019 8 1530 5250 bd 23 AGSR0415 6 8 AR019507 0.052 0.004 41 260 4110 400 3
AGSR0413 100 102 AR019401 0.343 0.01 5 1040 1860 bd 10 AGSR0415 8 10 AR019508 0.054 0.005 30 240 2280 300 3
AGSR0413 102 104 AR019402 0.303 0.012 4 1150 1740 bd 11 AGSR0415 10 12 AR019509 0.119 0.015 38 330 2560 300 4
AGSR0413 104 106 AR019403 0.317 0.014 5 1380 2040 bd 2 AGSR0415 12 14 AR019510 0.108 0.012 32 190 2200 300 6
AGSR0413 106 108 AR019404 0.52 0.011 6 1030 2580 bd 17 AGSR0415 14 16 AR019511 0.112 0.01 31 130 2330 300 51
AGSR0413 108 110 AR019405 0.438 0.011 5 920 2430 bd 21 AGSR0415 16 18 AR019512 0.112 0.01 30 120 1550 200 22
AGSR0413 110 112 AR019406 0.294 0.014 3 1490 1240 bd 10 AGSR0415 18 20 AR019513 0.116 0.006 39 30 1880 200 5
AGSR0413 112 114 AR019408 0.364 0.021 3 2230 1520 bd 20 AGSR0415 20 22 AR019515 0.133 0.015 34 270 2290 400 3
AGSR0413 114 116 AR019409 0.564 0.009 7 880 4140 bd 6 AGSR0415 22 24 AR019516 0.092 0.009 24 300 2120 300 1
AGSR0413 116 118 AR019410 0.728 0.013 12 1120 8990 bd 11 AGSR0415 24 26 AR019517 0.149 0.011 20 710 3670 200 1
AGSR0413 118 120 AR019411 0.692 0.014 12 970 10300 bd 6 AGSR0415 26 28 AR019518 0.324 0.016 44 660 6010 200 5
AGSR0414 0 2 AR019412 0.029 0.003 16 340 520 100 11 AGSR0415 28 30 AR019519 0.643 0.014 75 630 8030 300 2
AGSR0414 2 4 AR019413 0.067 0.025 17 380 595 100 6 AGSR0415 30 32 AR019520 0.939 0.013 71 540 9380 300 3
AGSR0414 4 6 AR019414 0.042 0.004 20 120 2030 200 3 AGSR0415 32 34 AR019521 0.922 0.013 66 570 10400 200 2
AGSR0414 6 8 AR019415 0.049 0.011 16 500 7540 300 2 AGSR0415 34 36 AR019522 0.993 0.02 66 760 10500 200 3
AGSR0414 8 10 AR019416 0.158 0.028 43 700 13600 200 bd AGSR0415 36 38 AR019523 0.951 0.038 54 1730 7330 100 1
AGSR0414 10 12 AR019418 0.052 0.015 54 360 9850 200 1 AGSR0415 38 40 AR019525 1.05 0.041 47 1710 8650 100 bd
AGSR0414 12 14 AR019419 0.037 0.016 49 450 4840 100 1 AGSR0415 40 42 AR019526 1.22 0.055 42 1820 11300 100 bd
AGSR0414 14 16 AR019420 0.197 0.247 44 14300 3370 100 1 AGSR0415 42 44 AR019527 1.12 0.066 36 1770 11700 100 bd
AGSR0414 16 18 AR019421 0.683 0.84 61 51900 2730 100 1 AGSR0415 44 46 AR019528 1.2 0.073 36 1710 10200 100 bd
AGSR0414 18 20 AR019422 0.217 0.029 85 1250 11600 200 1 AGSR0415 46 48 AR019529 1.36 0.168 34 14900 10100 100 bd
AGSR0414 20 22 AR019423 0.35 0.033 76 1090 9330 200 bd AGSR0415 48 50 AR019530 1.45 0.209 35 11700 14800 100 1
AGSR0414 22 24 AR019424 0.637 0.052 78 930 12100 100 3 AGSR0415 50 52 AR019531 1.3 0.119 33 3510 17700 100 bd
AGSR0414 24 26 AR019425 0.773 0.053 57 1040 10400 100 3 AGSR0415 52 54 AR019532 1.35 0.121 34 4020 21200 100 bd
AGSR0414 26 28 AR019426 0.896 0.047 49 900 11000 100 4 AGSR0415 54 56 AR019533 1.21 0.084 36 3040 28800 100 bd
AGSR0414 28 30 AR019428 1.03 0.045 45 890 14000 100 3 AGSR0415 56 58 AR019535 1.24 0.061 35 2180 20900 100 1
AGSR0414 30 32 AR019429 1.05 0.045 43 1110 15400 100 2 AGSR0415 58 60 AR019536 1.11 0.048 27 1520 15000 100 1
AGSR0414 32 34 AR019430 1.21 0.049 43 1400 17600 100 2 AGSR0415 60 62 AR019537 1.16 0.041 21 1160 11500 100 6
AGSR0414 34 36 AR019431 1.54 0.058 38 1650 19900 100 2 AGSR0415 62 64 AR019538 1.04 0.033 16 940 8540 bd 28
AGSR0414 36 38 AR019432 1.71 0.071 39 2140 22100 100 bd AGSR0415 64 66 AR019539 0.903 0.025 12 580 6040 bd 44
AGSR0414 38 40 AR019433 1.7 0.077 38 2430 21600 100 1 AGSR0415 66 68 AR019540 0.791 0.027 12 850 4300 bd 11
AGSR0414 40 42 AR019434 1.55 0.083 43 2390 21700 100 1 AGSR0415 68 70 AR019541 0.651 0.035 8 2990 2400 bd 5
AGSR0414 42 44 AR019435 1.57 0.09 29 2280 17000 100 bd AGSR0415 70 72 AR019542 0.499 0.029 7 3410 1640 bd 3
AGSR0414 44 46 AR019436 1.31 0.072 26 1700 13900 bd 2 AGSR0415 72 74 AR019543 0.555 0.028 6 2550 2380 bd 5
AGSR0414 46 48 AR019438 1.15 0.088 24 3950 11100 bd 2 AGSR0415 74 76 AR019545 0.359 0.014 9 530 2360 bd 14
AGSR0414 48 50 AR019439 0.697 0.066 16 4180 6300 bd 3 AGSR0415 76 78 AR019546 0.364 0.021 6 2860 1380 bd 9
AGSR0414 50 52 AR019440 0.579 0.044 10 2710 4760 bd 3 AGSR0415 78 80 AR019547 0.44 0.027 5 3780 1470 bd 2
AGSR0414 52 54 AR019441 0.513 0.036 11 2180 4070 bd 3 AGSR0416 0 2 AR019548 0.018 0.001 15 250 450 100 13
AGSR0414 54 56 AR019442 0.45 0.029 8 1680 3300 bd 5 AGSR0416 2 4 AR019549 0.016 bd 19 140 1010 200 3
AGSR0414 56 58 AR019443 0.358 0.021 5 1160 2630 bd 5 AGSR0416 4 6 AR019550 0.019 bd 23 120 1440 300 2
AGSR0414 58 60 AR019444 0.207 0.009 3 750 1730 bd bd AGSR0416 6 8 AR019551 0.069 0.006 33 290 1780 200 3
AGSR0414 60 62 AR019445 0.229 0.011 3 1000 1850 bd 2 AGSR0416 8 10 AR019552 0.111 0.015 41 360 2760 300 19
AGSR0414 62 64 AR019446 0.2 0.01 3 920 1610 bd 4 AGSR0416 10 12 AR019553 0.102 0.012 38 280 2080 200 9
AGSR0414 64 66 AR019448 0.266 0.012 4 960 2890 bd 3 AGSR0416 12 14 AR019555 0.102 0.014 28 490 1730 100 5
AGSR0414 66 68 AR019449 0.227 0.009 3 910 2480 bd 1 AGSR0416 14 16 AR019556 0.152 0.014 25 540 2200 300 5
AGSR0414 68 70 AR019450 0.276 0.014 5 940 3150 bd 2 AGSR0416 16 18 AR019557 0.137 0.011 23 160 2360 300 6
AGSR0414 70 72 AR019451 0.246 0.01 3 770 2570 bd 3 AGSR0416 18 20 AR019558 0.13 0.009 17 90 4160 600 4
AGSR0414 72 74 AR019452 0.186 0.007 3 630 2010 bd 3 AGSR0416 20 22 AR019559 0.133 0.009 29 80 2340 300 5
AGSR0414 74 76 AR019453 0.197 0.009 3 900 2770 bd bd AGSR0416 22 24 AR019560 0.174 0.021 19 500 4510 300 2
AGSR0414 76 78 AR019454 0.208 0.009 3 780 3360 bd bd AGSR0416 24 26 AR019561 0.279 0.014 44 290 10900 500 4
AGSR0414 78 80 AR019455 0.216 0.009 4 700 3520 bd 2 AGSR0416 26 28 AR019562 0.26 0.018 65 380 9980 200 7
AGSR0414 80 82 AR019456 0.248 0.012 5 830 3080 bd 2 AGSR0416 28 30 AR019563 0.309 0.022 62 470 10400 200 12
AGSR0414 82 84 AR019458 0.231 0.011 4 780 2530 bd 2 AGSR0416 30 32 AR019565 0.397 0.018 75 370 15700 200 5
AGSR0414 84 86 AR019459 0.206 0.009 4 710 3060 bd 1 AGSR0416 32 34 AR019566 0.511 0.045 77 600 13900 200 3
AGSR0414 86 88 AR019460 0.226 0.011 4 770 2810 bd 1 AGSR0416 34 36 AR019567 0.537 0.038 84 610 13900 200 4
AGSR0414 88 90 AR019461 0.251 0.013 5 870 3160 bd 2 AGSR0416 36 38 AR019568 0.666 0.027 102 550 17200 200 3
AGSR0414 90 92 AR019462 0.229 0.011 5 870 2930 bd 1 AGSR0416 38 40 AR019569 0.774 0.028 107 630 16500 200 3
AGSR0414 92 94 AR019463 0.275 0.018 7 1080 2550 bd 1 AGSR0416 40 42 AR019570 0.869 0.027 109 650 18200 200 3
AGSR0414 94 96 AR019464 0.228 0.012 5 860 2760 bd 3 AGSR0416 42 44 AR019571 1.13 0.026 104 790 23900 200 2
AGSR0414 96 98 AR019465 0.219 0.011 5 850 2860 bd 2 AGSR0416 44 46 AR019572 0.879 0.021 88 850 20000 200 2
AGSR0414 98 100 AR019466 0.255 0.012 5 960 2310 bd 1 AGSR0416 46 48 AR019573 0.613 0.016 70 580 18200 200 2
AGSR0414 100 102 AR019468 0.247 0.011 4 920 1790 bd 1 AGSR0416 48 50 AR019575 0.359 0.01 52 430 12400 100 2
AGSR0414 102 104 AR019469 0.216 0.009 4 890 950 bd 1 AGSR0416 50 52 AR019576 0.174 0.007 30 600 7340 100 5
AGSR0414 104 106 AR019470 0.249 0.011 5 960 1080 bd 5 AGSR0416 52 54 AR019577 0.163 0.01 17 510 7970 100 10
AGSR0414 106 108 AR019471 0.254 0.011 4 900 1080 bd 6 AGSR0416 54 56 AR019578 0.203 0.034 21 1550 10100 100 12
AGSR0414 108 110 AR019472 0.257 0.011 4 920 1070 bd 4 AGSR0416 56 58 AR019579 0.348 0.024 42 1100 12000 100 12
AGSR0414 110 112 AR019473 0.254 0.011 4 920 1130 bd 2 AGSR0416 58 60 AR019580 0.341 0.067 38 3570 11100 100 7
AGSR0414 112 114 AR019474 0.257 0.01 4 900 1030 bd 2 AGSR0416 60 62 AR019581 0.326 0.04 32 2310 11300 100 9
AGSR0414 114 116 AR019475 0.263 0.009 4 760 1050 bd 3 AGSR0416 62 64 AR019582 0.72 0.102 33 4860 17800 100 5
AGSR0414 116 118 AR019476 0.262 0.01 5 920 1040 bd 1 AGSR0416 64 66 AR019583 0.931 0.115 35 4990 20500 100 4
AGSR0414 118 120 AR019478 0.229 0.009 4 730 895 bd 8 AGSR0416 66 68 AR019585 0.903 0.062 37 2580 24300 100 10
AGSR0414 120 122 AR019479 0.212 0.008 4 790 905 bd 5 AGSR0416 68 70 AR019586 0.867 0.056 38 1880 26700 100 1050
AGSR0414 122 124 AR019480 0.207 0.008 4 850 955 bd 1 AGSR0416 70 72 AR019587 0.992 0.053 36 1760 26200 100 886
AGSR0414 124 126 AR019481 0.247 0.01 5 940 1090 bd 1 AGSR0416 72 74 AR019588 0.751 0.046 28 1520 18200 100 269
AGSR0414 126 128 AR019482 0.268 0.01 5 1130 1180 bd bd AGSR0416 74 76 AR019589 0.792 0.054 33 1920 29300 100 64
AGSR0414 128 130 AR019483 0.73 0.018 9 2280 2300 bd 3 AGSR0416 76 78 AR019590 0.842 0.059 34 2260 28500 100 43
AGSR0414 130 132 AR019484 1.02 0.017 9 1110 3300 bd 6 AGSR0416 78 80 AR019591 0.81 0.066 33 2500 26400 100 59
AGSR0414 132 134 AR019485 0.804 0.015 7 760 3080 bd 2 AGSR0416 80 82 AR019592 0.867 0.068 38 2350 22300 100 50
AGSR0414 134 136 AR019486 0.267 0.011 5 900 1640 bd 1 AGSR0416 82 84 AR019593 0.841 0.089 37 4200 22300 100 56
AGSR0414 136 138 AR019488 0.242 0.01 5 860 1910 bd bd AGSR0416 84 86 AR019595 0.886 0.089 29 5800 19000 100 85
AGSR0414 138 140 AR019489 0.268 0.011 5 870 2080 bd 1 AGSR0416 86 88 AR019596 0.85 0.083 36 2240 19700 100 95
AGSR0414 140 142 AR019490 0.212 0.008 5 840 3610 bd 6 AGSR0416 88 90 AR019597 1.06 0.105 33 1850 20200 100 80
AGSR0414 142 144 AR019491 0.263 0.012 6 940 4740 bd 13 AGSR0417 0 2 AR019598 0.063 0.006 18 310 1500 100 15
AGSR0414 144 146 AR019492 0.273 0.012 5 1010 5580 bd 2 AGSR0417 2 4 AR019599 0.033 0.002 23 190 1190 100 6

22

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==> picture [174 x 23] intentionally omitted <==

Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
number number
AGSR0417 4 6 AR019600 0.029 0.001 24 140 1270 200 3 AGSR0418 120 122 AR019705 1.41 0.491 11 37100 4520 bd 7
AGSR0417 6 8 AR019601 0.026 bd 26 110 1970 200 2 AGSR0418 122 124 AR019706 0.998 0.298 11 14400 4470 bd 5
AGSR0417 8 10 AR019602 0.055 0.006 26 150 5450 300 2 AGSR0418 124 126 AR019707 1.22 0.381 12 29700 4770 bd 4
AGSR0417 10 12 AR019603 0.075 0.013 19 230 12000 300 2 AGSR0418 126 128 AR019708 1.29 0.349 15 29100 5920 bd 8
AGSR0417 12 14 AR019605 0.081 0.005 23 130 16200 400 2 AGSR0418 128 130 AR019709 1.1 0.215 17 18800 7370 bd 14
AGSR0417 14 16 AR019606 0.074 0.002 20 150 20000 500 2 AGSR0418 130 132 AR019710 0.965 0.13 14 10800 7390 bd 8
AGSR0417 16 18 AR019607 0.169 0.007 25 160 11100 200 3 AGSR0418 132 134 AR019711 1.11 0.12 15 10400 8020 bd 15
AGSR0417 18 20 AR019608 0.34 0.011 47 190 10400 100 3 AGSR0418 134 136 AR019712 1.5 0.112 18 9580 18100 bd 9
AGSR0417 20 22 AR019609 0.29 0.008 38 320 7570 100 4 AGSR0418 136 138 AR019713 0.863 0.026 9 1350 11400 bd 16
AGSR0417 22 24 AR019610 0.507 0.008 43 440 11900 100 6 AGSR0418 138 140 AR019715 1.45 0.249 22 6320 24000 100 5
AGSR0417 24 26 AR019611 0.816 0.035 40 1320 11700 bd 4 AGSR0418 140 142 AR019716 0.443 0.061 6 2820 9010 bd 18
AGSR0417 26 28 AR019612 1.06 0.049 43 1950 11000 100 4 AGSR0418 142 144 AR019717 1.23 0.211 23 10400 26500 100 9
AGSR0417 28 30 AR019613 1.04 0.044 44 1690 12000 100 5 AGSR0418 144 146 AR019718 1.13 0.124 30 8020 30800 100 14
AGSR0417 30 32 AR019615 0.932 0.041 36 1220 10900 100 4 AGSR0418 146 148 AR019719 1.7 0.063 27 2880 32700 100 9
AGSR0417 32 34 AR019616 0.8 0.037 33 980 13600 bd 9 AGSR0418 148 150 AR019720 1.63 0.064 27 2030 29500 100 3
AGSR0417 34 36 AR019617 0.744 0.043 29 1080 14300 bd 5 AGSR0418 150 152 AR019721 0.805 0.033 20 1250 20500 100 25
AGSR0417 36 38 AR019618 0.722 0.051 17 1030 9380 bd 5 AGSR0418 152 154 AR019722 0.725 0.059 19 3610 13700 100 50
AGSR0417 38 40 AR019619 0.935 0.051 16 1080 10500 bd 2 AGSR0418 154 156 AR019723 0.67 0.038 8 1960 9010 bd 9
AGSR0417 40 42 AR019620 1.4 0.059 22 1340 15400 100 2 AGSR0418 156 158 AR019725 0.618 0.026 6 1810 8290 bd 4
AGSR0417 42 44 AR019621 1.18 0.06 21 1170 11400 bd 2 AGSR0418 158 160 AR019726 0.595 0.032 6 2240 8170 bd 5
AGSR0417 44 46 AR019622 0.896 0.047 21 1260 19100 bd 3 AGSR0418 160 162 AR019727 0.445 0.02 6 1420 5660 bd 4
AGSR0417 46 48 AR019623 0.684 0.038 8 1730 6060 bd 3 AGSR0418 162 164 AR019728 0.48 0.023 7 1890 6650 bd 5
AGSR0417 48 50 AR019625 0.478 0.02 5 1210 2700 bd 2 AGSR0418 164 166 AR019729 0.314 0.021 5 2110 3330 bd 3
AGSR0417 50 52 AR019626 0.342 0.012 4 710 4010 bd 2 AGSR0418 166 168 AR019730 0.721 0.019 7 1550 4870 bd 2
AGSR0417 52 54 AR019627 0.466 0.023 3 1260 3980 bd 11 AGSR0418 168 170 AR019731 0.875 0.02 7 1660 5100 bd 2
AGSR0417 54 56 AR019628 0.304 0.018 4 1500 4340 bd 6 AGSR0418 170 172 AR019732 0.303 0.021 5 1990 2860 bd 2
AGSR0417 56 58 AR019629 0.441 0.019 5 1090 10100 bd 10 AGSR0418 172 174 AR019733 0.29 0.019 5 1710 3150 bd 4
AGSR0417 58 60 AR019630 0.513 0.016 7 760 11400 bd 20 AGSR0418 174 176 AR019735 0.303 0.021 6 1580 3370 bd 5
AGSR0417 60 62 AR019631 0.767 0.024 20 870 18600 100 2 AGSR0418 176 178 AR019736 0.317 0.029 5 2250 3130 bd 7
AGSR0417 62 64 AR019632 0.6 0.018 15 650 9570 bd 12 AGSR0418 178 180 AR019737 0.308 0.02 5 1550 2650 bd 3
AGSR0417 64 66 AR019633 0.652 0.017 12 670 9220 bd 12 AGSR0419 0 2 AR019738 0.021 0.002 12 290 435 100 7
AGSR0417 66 68 AR019635 0.496 0.021 3 1870 4120 bd 10 AGSR0419 2 4 AR019739 0.032 0.004 14 270 525 100 10
AGSR0417 68 70 AR019636 0.445 0.019 3 1750 4500 bd 25 AGSR0419 4 6 AR019740 0.025 0.001 14 180 695 100 3
AGSR0418 0 2 AR019638 0.029 0.003 12 240 650 100 9 AGSR0419 6 8 AR019741 0.026 0.001 19 110 1550 200 1
AGSR0418 2 4 AR019639 0.035 0.005 16 280 580 100 5 AGSR0419 8 10 AR019742 0.03 0.001 23 140 3020 300 1
AGSR0418 4 6 AR019640 0.024 0.001 17 140 1180 100 2 AGSR0419 10 12 AR019743 0.056 0.003 35 160 4130 300 bd
AGSR0418 6 8 AR019641 0.029 0.001 18 70 3120 300 3 AGSR0419 12 14 AR019745 0.08 0.005 36 280 3150 200 3
AGSR0418 8 10 AR019642 0.031 bd 16 60 2730 300 2 AGSR0419 14 16 AR019746 0.134 0.006 54 310 10500 200 bd
AGSR0418 10 12 AR019643 0.033 0.001 15 70 3540 300 3 AGSR0419 16 18 AR019747 0.25 0.011 92 350 17300 100 bd
AGSR0418 12 14 AR019645 0.069 0.011 30 430 9610 200 1 AGSR0419 18 20 AR019748 0.256 0.01 98 220 19000 100 1
AGSR0418 14 16 AR019646 0.198 0.009 55 230 18300 100 1 AGSR0419 20 22 AR019749 0.332 0.008 87 160 20600 200 1
AGSR0418 16 18 AR019647 0.203 0.014 71 220 18700 100 2 AGSR0419 22 24 AR019750 0.342 0.014 55 260 14200 200 1
AGSR0418 18 20 AR019648 0.303 0.014 60 330 22100 100 2 AGSR0419 24 26 AR019751 0.373 0.019 53 160 12200 100 1
AGSR0418 20 22 AR019649 0.3 0.019 39 550 22800 100 2 AGSR0419 26 28 AR019752 0.461 0.017 59 150 15700 300 1
AGSR0418 22 24 AR019650 0.284 0.035 42 630 19200 100 2 AGSR0419 28 30 AR019753 0.429 0.017 47 190 12900 200 2
AGSR0418 24 26 AR019651 0.324 0.031 42 350 10200 100 1 AGSR0419 30 32 AR019755 0.636 0.018 62 250 16300 100 2
AGSR0418 26 28 AR019652 0.349 0.027 40 290 12100 100 3 AGSR0419 32 34 AR019756 0.557 0.016 57 220 15100 100 3
AGSR0418 28 30 AR019653 0.482 0.027 39 350 12700 100 3 AGSR0419 34 36 AR019757 0.588 0.019 45 290 12400 100 2
AGSR0418 30 32 AR019655 0.511 0.019 41 250 12200 100 4 AGSR0419 36 38 AR019758 0.749 0.022 51 330 15000 100 3
AGSR0418 32 34 AR019656 0.824 0.038 28 580 20000 100 4 AGSR0419 38 40 AR019759 0.635 0.024 38 410 10000 100 2
AGSR0418 34 36 AR019657 1.16 0.056 24 880 19400 100 5 AGSR0419 40 42 AR019760 0.799 0.047 26 1110 6890 bd 2
AGSR0418 36 38 AR019658 0.689 0.036 21 620 13500 bd 5 AGSR0419 42 44 AR019761 1.36 0.107 19 3220 4190 bd 2
AGSR0418 38 40 AR019659 0.673 0.037 20 600 13100 bd 6 AGSR0419 44 46 AR019762 0.893 0.063 18 2010 4590 bd 3
AGSR0418 40 42 AR019660 0.646 0.046 19 1310 12300 bd 4 AGSR0419 46 48 AR019763 1.17 0.081 20 2870 4670 bd 3
AGSR0418 42 44 AR019661 0.659 0.064 14 3310 9670 bd 3 AGSR0419 48 50 AR019765 1.08 0.068 18 2420 4140 bd 4
AGSR0418 44 46 AR019662 0.639 0.064 16 2550 10900 bd 3 AGSR0419 50 52 AR019766 0.932 0.041 27 1400 7480 bd 4
AGSR0418 46 48 AR019663 0.705 0.062 16 2230 11500 bd 3 AGSR0419 52 54 AR019767 0.98 0.034 14 1150 4980 bd 6
AGSR0418 48 50 AR019665 1.12 0.088 13 3300 8650 bd 3 AGSR0419 54 56 AR019768 1.01 0.05 16 2240 5090 bd 4
AGSR0418 50 52 AR019666 0.961 0.062 9 2790 4640 bd 4 AGSR0419 56 58 AR019769 0.802 0.127 11 13000 3780 bd 3
AGSR0418 52 54 AR019667 0.867 0.053 8 2440 4000 bd 3 AGSR0419 58 60 AR019770 0.74 0.094 11 9300 3550 bd 3
AGSR0418 54 56 AR019668 0.444 0.035 32 880 11800 100 3 AGSR0419 60 62 AR019771 0.711 0.072 8 5280 3370 bd 6
AGSR0418 56 58 AR019669 0.661 0.038 8 1740 4470 bd 5 AGSR0419 62 64 AR019772 0.809 0.067 8 3360 3450 bd 9
AGSR0418 58 60 AR019670 0.711 0.039 6 1870 4440 bd 12 AGSR0419 64 66 AR019773 0.749 0.039 9 2200 4120 bd 6
AGSR0418 60 62 AR019671 0.445 0.024 4 1230 2480 bd 18 AGSR0419 66 68 AR019775 0.719 0.03 11 1630 4370 bd 3
AGSR0418 62 64 AR019672 0.516 0.028 4 1310 3080 bd 27 AGSR0419 68 70 AR019776 1.23 0.047 32 1710 11700 100 1
AGSR0418 64 66 AR019673 0.391 0.019 3 1030 2410 bd 7 AGSR0419 70 72 AR019777 1.55 0.052 32 1990 16000 100 1
AGSR0418 66 68 AR019675 0.403 0.025 3 1440 2570 bd 8 AGSR0419 72 74 AR019778 2.02 0.086 31 3320 30000 100 1
AGSR0418 68 70 AR019676 0.513 0.035 4 1470 2780 bd 7 AGSR0419 74 76 AR019779 1.61 0.112 35 4670 24300 100 1
AGSR0418 70 72 AR019677 0.55 0.035 5 1560 2750 bd 34 AGSR0419 76 78 AR019780 1.53 0.126 34 5880 24600 100 1
AGSR0418 72 74 AR019678 0.337 0.02 4 1260 2130 bd 22 AGSR0419 78 80 AR019781 1.72 0.189 34 7990 22800 100 bd
AGSR0418 74 76 AR019679 0.348 0.019 4 1380 2370 bd 34 AGSR0419 80 82 AR019782 1.33 0.265 34 9670 22800 100 1
AGSR0418 76 78 AR019680 0.236 0.01 3 930 1390 bd 7 AGSR0419 82 84 AR019783 1.18 0.127 38 5290 22300 200 1
AGSR0418 78 80 AR019681 0.238 0.008 3 700 1170 bd bd AGSR0419 84 86 AR019785 0.981 0.136 36 7000 21500 200 bd
AGSR0418 80 82 AR019682 0.206 0.007 3 620 950 bd 1 AGSR0419 86 88 AR019786 1.56 0.772 33 46500 22200 200 2
AGSR0418 82 84 AR019683 0.215 0.007 3 710 1090 bd 1 AGSR0419 88 90 AR019787 1.86 1.08 38 74000 20100 200 2
AGSR0418 84 86 AR019685 0.23 0.009 4 770 1480 bd bd AGSR0419 90 92 AR019788 1.64 0.655 44 58700 17900 200 2
AGSR0418 86 88 AR019686 0.304 0.014 3 1290 855 bd 2 AGSR0419 92 94 AR019789 1.58 0.59 44 43900 18700 200 2
AGSR0418 88 90 AR019687 0.609 0.047 4 2970 2990 bd 105 AGSR0419 94 96 AR019790 1.4 0.431 43 26700 14000 200 2
AGSR0418 90 92 AR019688 0.463 0.026 5 1940 2840 bd 206 AGSR0419 96 98 AR019791 1.91 0.475 39 26200 16200 200 2
AGSR0418 92 94 AR019689 0.288 0.011 4 930 1340 bd 24 AGSR0419 98 100 AR019792 2 0.53 35 29300 17900 100 3
AGSR0418 94 96 AR019690 0.312 0.015 5 1030 1890 bd 24 AGSR0419 100 102 AR019793 2 0.461 34 24100 19100 100 1
AGSR0418 96 98 AR019691 0.283 0.012 4 930 1620 bd 15 AGSR0419 102 104 AR019795 1.4 0.305 37 15900 14600 200 2
AGSR0418 98 100 AR019692 0.235 0.009 3 800 1150 bd 6 AGSR0419 104 106 AR019796 1.38 0.275 37 15200 16600 200 bd
AGSR0418 100 102 AR019693 0.243 0.009 3 820 1290 bd 2 AGSR0419 106 108 AR019797 1.46 0.266 33 15800 21900 100 2
AGSR0418 102 104 AR019695 0.32 0.013 4 1500 1550 bd 2 AGSR0419 108 110 AR019798 1.41 0.227 34 12200 19600 100 23
AGSR0418 104 106 AR019696 0.618 0.021 7 1430 3660 bd 43 AGSR0419 110 112 AR019799 1.42 0.283 35 15500 18000 200 33
AGSR0418 106 108 AR019697 1.43 0.033 16 2390 8500 bd 20 AGSR0419 112 114 AR019800 1.71 0.43 36 21700 16000 100 43
AGSR0418 108 110 AR019698 2.12 0.073 28 7010 14800 bd 5 AGSR0419 114 116 AR019801 1.84 0.584 34 28800 12700 100 32
AGSR0418 110 112 AR019699 2.12 0.106 29 7030 16300 bd 14 AGSR0419 116 118 AR019802 1.65 0.552 33 27800 12800 100 22
AGSR0418 112 114 AR019700 2.39 0.138 33 12200 17300 bd 4 AGSR0419 118 120 AR019803 1.99 0.794 31 37200 10000 100 15
AGSR0418 114 116 AR019701 1.95 0.089 29 6840 14800 bd 61 AGSR0419 120 122 AR019805 1.91 0.582 31 26200 11700 100 6
AGSR0418 116 118 AR019702 2.08 0.115 25 13700 12400 bd 48 AGSR0419 122 124 AR019806 1.96 0.671 32 30500 12700 100 10
AGSR0418 118 120 AR019703 1.88 0.294 19 37000 8460 bd 12 AGSR0419 124 126 AR019807 1.82 0.515 32 24100 14000 100 12

23

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==> picture [174 x 23] intentionally omitted <==

Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
number number
AGSR0419 126 128 AR019808 1.7 0.308 33 14100 16200 100 74 AGSR0420 142 144 AR019911 0.269 0.013 5 1050 4910 bd 4
AGSR0419 128 130 AR019809 1.57 0.306 32 15100 17600 100 176 AGSR0420 144 146 AR019912 0.28 0.012 5 950 3330 bd 4
AGSR0419 130 132 AR019810 1.4 0.251 33 12500 18700 100 170 AGSR0420 146 148 AR019913 0.278 0.013 5 1020 3290 bd 4
AGSR0419 132 134 AR019811 1.29 0.197 37 9410 20400 200 136 AGSR0420 148 150 AR019915 0.251 0.01 5 840 3750 bd 11
AGSR0419 134 136 AR019812 1.26 0.23 34 13900 21300 200 140 AGSR0420 150 152 AR019916 0.249 0.012 5 930 3910 bd 7
AGSR0419 136 138 AR019813 1.15 0.186 32 12300 23800 100 497 AGSR0420 152 154 AR019917 0.23 0.009 6 730 2720 bd 9
AGSR0419 138 140 AR019815 1.1 0.147 30 9490 22800 100 770 AGSR0420 154 156 AR019918 0.259 0.013 6 1010 5090 bd 4
AGSR0419 140 142 AR019816 0.577 0.041 12 2110 10800 bd 639 AGSR0420 156 158 AR019919 0.251 0.012 6 880 2980 bd 2
AGSR0419 142 144 AR019817 0.25 0.021 7 1550 5290 bd 161 AGSR0420 158 160 AR019920 0.266 0.012 5 900 3440 bd 2
AGSR0419 144 146 AR019818 0.284 0.031 6 3710 4470 bd 49 AGSR0420 160 162 AR019921 0.255 0.012 6 940 2860 bd 1
AGSR0419 146 148 AR019819 0.317 0.037 7 4100 3060 bd 117 AGSR0420 162 164 AR019922 0.269 0.012 6 850 3110 bd bd
AGSR0419 148 150 AR019820 0.301 0.035 6 3270 2990 bd 230 AGSR0420 164 166 AR019923 0.271 0.012 5 940 2990 bd 1
AGSR0419 150 152 AR019821 0.297 0.033 6 2920 2480 bd 49 AGSR0420 166 168 AR019925 0.268 0.012 5 970 2680 bd 4
AGSR0419 152 154 AR019822 0.262 0.015 5 1240 2390 bd 62 AGSR0420 168 170 AR019926 0.273 0.012 5 1010 2370 bd 2
AGSR0419 154 156 AR019823 0.273 0.022 5 2140 2470 bd 51 AGSR0421 0 2 AR019927 0.023 0.002 12 400 425 bd 9
AGSR0419 156 158 AR019825 0.308 0.026 6 2170 2350 bd 29 AGSR0421 2 4 AR019928 0.037 0.005 17 340 670 100 3
AGSR0419 158 160 AR019826 0.42 0.02 7 1770 6540 bd 29 AGSR0421 4 6 AR019929 0.018 bd 20 140 1380 100 1
AGSR0419 160 162 AR019827 0.298 0.023 7 2020 5010 bd 10 AGSR0421 6 8 AR019930 0.026 0.001 18 160 2510 300 1
AGSR0419 162 164 AR019828 0.373 0.021 7 1780 4140 bd 15 AGSR0421 8 10 AR019931 0.028 0.002 22 170 3400 400 1
AGSR0419 164 166 AR019829 0.369 0.049 9 3400 5300 bd 51 AGSR0421 10 12 AR019932 0.041 0.002 23 90 3120 200 3
AGSR0419 166 168 AR019830 0.453 0.045 11 2820 7080 bd 36 AGSR0421 12 14 AR019933 0.146 0.015 24 470 10800 400 1
AGSR0419 168 170 AR019831 0.407 0.037 10 2520 6360 bd 35 AGSR0421 14 16 AR019935 0.223 0.032 28 820 17800 300 1
AGSR0420 0 2 AR019832 0.019 0.001 12 340 415 100 8 AGSR0421 16 18 AR019936 0.335 0.041 70 960 13600 300 bd
AGSR0420 2 4 AR019833 0.026 0.003 14 280 520 100 7 AGSR0421 18 20 AR019937 0.258 0.025 51 460 14100 300 16
AGSR0420 4 6 AR019835 0.029 0.002 18 180 895 100 3 AGSR0421 20 22 AR019938 0.507 0.032 44 360 15800 300 2
AGSR0420 6 8 AR019836 0.095 0.004 31 210 10100 300 1 AGSR0421 22 24 AR019939 0.548 0.022 103 310 25400 300 3
AGSR0420 8 10 AR019837 0.247 0.012 36 330 12300 200 1 AGSR0421 24 26 AR019940 0.553 0.022 95 430 22700 200 8
AGSR0420 10 12 AR019838 0.204 0.022 21 520 12000 200 bd AGSR0421 26 28 AR019941 0.816 0.044 46 680 9690 200 3
AGSR0420 12 14 AR019839 0.163 0.026 21 490 15100 200 1 AGSR0421 28 30 AR019942 1.03 0.062 37 760 11100 100 3
AGSR0420 14 16 AR019840 0.199 0.02 25 330 19200 200 1 AGSR0421 30 32 AR019943 1.06 0.055 40 760 13600 100 4
AGSR0420 16 18 AR019841 0.202 0.013 26 180 17900 300 2 AGSR0421 32 34 AR019945 0.827 0.043 21 1020 6310 bd 3
AGSR0420 18 20 AR019842 0.543 0.028 46 460 30200 100 4 AGSR0421 34 36 AR019946 0.558 0.032 13 1170 3690 bd 2
AGSR0420 20 22 AR019843 0.761 0.027 25 1240 22800 100 11 AGSR0421 36 38 AR019947 0.582 0.04 13 1300 3990 bd 2
AGSR0420 22 24 AR019845 0.66 0.022 24 1360 17800 100 5 AGSR0421 38 40 AR019948 0.547 0.043 12 1340 3970 bd 2
AGSR0420 24 26 AR019846 0.692 0.028 25 790 14500 bd 12 AGSR0421 40 42 AR019949 0.546 0.05 13 2280 4400 bd 2
AGSR0420 26 28 AR019847 0.725 0.031 22 790 15800 bd 31 AGSR0421 42 44 AR019950 0.46 0.039 11 3060 3330 bd 1
AGSR0420 28 30 AR019848 0.783 0.036 17 760 13400 bd 7 AGSR0421 44 46 AR019951 0.545 0.046 12 4550 3780 bd 1
AGSR0420 30 32 AR019849 0.605 0.027 13 840 9650 bd 7 AGSR0421 46 48 AR019952 0.416 0.031 10 3070 3290 bd 2
AGSR0420 32 34 AR019850 0.596 0.03 12 1570 9600 bd 4 AGSR0421 48 50 AR019953 0.476 0.03 10 2680 3010 bd 2
AGSR0420 34 36 AR019851 0.496 0.03 13 2470 8080 bd 2 AGSR0421 50 52 AR019955 0.443 0.019 6 2210 2600 bd bd
AGSR0420 36 38 AR019852 0.486 0.035 11 2800 7770 bd 3 AGSR0421 52 54 AR019956 0.404 0.026 6 2940 3360 bd 1
AGSR0420 38 40 AR019853 0.49 0.039 9 2390 7630 bd 2 AGSR0421 54 56 AR019957 0.565 0.067 10 7110 7820 bd bd
AGSR0420 40 42 AR019855 0.601 0.049 10 3150 7040 bd 2 AGSR0421 56 58 AR019958 0.486 0.045 13 3180 9770 bd 2
AGSR0420 42 44 AR019856 0.43 0.027 6 2510 5720 bd 1 AGSR0421 58 60 AR019959 0.547 0.037 16 1880 13300 bd 2
AGSR0420 44 46 AR019857 0.39 0.017 6 1550 4510 bd 3 AGSR0421 60 62 AR019960 0.941 0.062 23 2540 21600 100 bd
AGSR0420 46 48 AR019858 0.326 0.013 4 1380 3010 bd 1 AGSR0421 62 64 AR019961 1.02 0.048 21 2010 18700 100 bd
AGSR0420 48 50 AR019859 0.401 0.015 4 1500 3290 bd 1 AGSR0421 64 66 AR019962 0.654 0.041 26 1230 12900 100 7
AGSR0420 50 52 AR019860 0.397 0.015 3 1660 3060 bd 1 AGSR0421 66 68 AR019963 0.67 0.037 40 1220 15600 100 4
AGSR0420 52 54 AR019861 0.385 0.015 4 1640 3000 bd 3 AGSR0421 68 70 AR019965 0.961 0.038 42 1660 15300 100 1
AGSR0420 54 56 AR019862 0.359 0.013 3 1510 3310 bd 4 AGSR0421 70 72 AR019966 0.951 0.033 47 1530 17500 200 1
AGSR0420 56 58 AR019863 0.409 0.019 5 1450 4500 bd 2 AGSR0421 72 74 AR019967 0.962 0.03 61 1260 28700 200 bd
AGSR0420 58 60 AR019865 0.351 0.016 6 620 2040 bd 1 AGSR0421 74 76 AR019968 0.896 0.03 56 1220 28700 200 2
AGSR0420 60 62 AR019866 0.429 0.019 8 1400 3140 bd 6 AGSR0421 76 78 AR019969 0.876 0.03 66 1370 27400 200 4
AGSR0420 62 64 AR019867 0.285 0.012 5 1050 2230 bd 27 AGSR0421 78 80 AR019970 1.01 0.033 64 2040 28100 200 10
AGSR0420 64 66 AR019868 0.349 0.016 4 1210 1910 bd 41 AGSR0421 80 82 AR019971 0.992 0.036 47 1970 38100 100 2
AGSR0420 66 68 AR019869 0.388 0.015 3 1270 3030 bd 56 AGSR0421 82 84 AR019972 1.04 0.028 50 1820 28500 100 2
AGSR0420 68 70 AR019870 0.292 0.012 3 1180 2020 bd 37 AGSR0421 84 86 AR019973 0.448 0.104 28 8200 13200 100 4
AGSR0420 70 72 AR019871 0.263 0.01 2 960 2100 bd 87 AGSR0421 86 88 AR019975 0.544 0.069 20 2450 9210 bd 2
AGSR0420 72 74 AR019872 0.333 0.015 3 1270 2090 bd 65 AGSR0421 88 90 AR019976 0.62 0.161 18 16900 6940 bd 2
AGSR0420 74 76 AR019873 0.305 0.014 2 1720 2440 bd 182 AGSR0421 90 92 AR019977 0.606 0.168 18 17600 7140 bd bd
AGSR0420 76 78 AR019875 0.3 0.017 9 1480 2380 bd 30 AGSR0421 92 94 AR019978 1.17 0.348 23 41600 8920 100 bd
AGSR0420 78 80 AR019876 0.262 0.01 5 950 1230 bd 32 AGSR0421 94 96 AR019979 1.21 0.229 34 16200 16000 100 bd
AGSR0420 80 82 AR019877 0.158 0.005 3 590 730 bd 5 AGSR0421 96 98 AR019980 1.48 0.119 30 5380 37100 100 242
AGSR0420 82 84 AR019878 0.228 0.008 4 720 1050 bd 5 AGSR0421 98 100 AR019981 0.779 0.123 37 8390 19600 100 54
AGSR0420 84 86 AR019879 0.244 0.009 4 740 1180 bd 7 AGSR0421 100 102 AR019982 1.06 0.111 35 5520 27600 100 148
AGSR0420 86 88 AR019880 0.263 0.009 4 760 1250 bd 5 AGSR0421 102 104 AR019983 0.96 0.101 28 5270 17100 100 113
AGSR0420 88 90 AR019881 0.225 0.008 4 700 1060 bd 1 AGSR0421 104 106 AR019985 0.961 0.096 28 4330 20100 100 80
AGSR0420 90 92 AR019882 0.257 0.009 4 730 1320 bd 3 AGSR0421 106 108 AR019986 0.967 0.093 30 3110 15700 100 64
AGSR0420 92 94 AR019883 0.275 0.011 5 850 1480 bd 3 AGSR0421 108 110 AR019987 0.957 0.091 26 2730 14600 100 69
AGSR0420 94 96 AR019885 0.272 0.011 5 790 1560 bd 2 AGSR0421 110 112 AR019988 1.02 0.085 27 2150 23100 100 36
AGSR0420 96 98 AR019886 0.242 0.009 5 770 1430 bd 1 AGSR0421 112 114 AR019989 1.04 0.072 21 1650 20600 100 29
AGSR0420 98 100 AR019887 0.243 0.009 4 740 1400 bd 2 AGSR0421 114 116 AR019990 0.807 0.056 16 1330 13500 100 33
AGSR0420 100 102 AR019888 0.219 0.008 4 750 1260 bd 4 AGSR0421 116 118 AR019991 0.775 0.046 15 990 13500 bd 10
AGSR0420 102 104 AR019889 0.2 0.007 7 660 1280 bd 2 AGSR0421 118 120 AR019992 0.753 0.041 16 790 13000 bd 7
AGSR0420 104 106 AR019890 0.206 0.007 7 770 1340 bd 2 AGSR0421 120 122 AR019993 0.5 0.025 11 2010 8910 bd 10
AGSR0420 106 108 AR019891 0.267 0.008 5 1080 1490 bd 2 AGSR0421 122 124 AR019995 0.461 0.023 11 1250 8210 bd 11
AGSR0420 108 110 AR019892 0.321 0.011 4 1080 3850 bd 2 AGSR0421 124 126 AR019996 0.621 0.023 12 920 10200 bd 25
AGSR0420 110 112 AR019893 0.255 0.011 5 930 4290 bd 3 AGSR0421 126 128 AR019997 0.497 0.021 15 610 8600 bd 28
AGSR0420 112 114 AR019895 0.244 0.012 7 940 3760 bd bd AGSR0421 128 130 AR019998 0.526 0.027 19 1270 8150 bd 5
AGSR0420 114 116 AR019896 0.226 0.012 6 1210 4870 bd 3 AGSR0422 0 2 AR019999 0.031 0.003 12 530 585 100 11
AGSR0420 116 118 AR019897 0.602 0.014 6 1840 6030 bd 3 AGSR0422 2 4 AR020000 0.032 0.005 14 270 575 100 10
AGSR0420 118 120 AR019898 0.695 0.019 7 1450 7900 bd 2 AGSR0422 4 6 AR020001 0.03 0.002 22 150 1230 100 3
AGSR0420 120 122 AR019899 0.713 0.022 9 1560 7840 bd 2 AGSR0422 6 8 AR020002 0.023 0.001 30 140 3260 500 2
AGSR0420 122 124 AR019900 0.376 0.01 5 1440 4220 bd 2 AGSR0422 8 10 AR020003 0.029 0.002 18 80 4550 500 4
AGSR0420 124 126 AR019901 0.264 0.011 4 1140 3930 bd 1 AGSR0422 10 12 AR020004 0.074 0.008 16 350 8110 200 2
AGSR0420 126 128 AR019902 0.261 0.012 4 1040 3810 bd 1 AGSR0422 12 14 AR020005 0.136 0.016 21 390 10400 100 3
AGSR0420 128 130 AR019903 0.257 0.013 6 1070 5330 bd 2 AGSR0422 14 16 AR020006 0.156 0.022 20 630 10300 100 bd
AGSR0420 130 132 AR019905 0.236 0.012 4 1160 4300 bd 6 AGSR0422 16 18 AR020007 0.181 0.028 24 470 16700 200 bd
AGSR0420 132 134 AR019906 0.521 0.017 6 1520 6580 bd 15 AGSR0422 18 20 AR020008 0.25 0.017 34 290 19100 300 2
AGSR0420 134 136 AR019907 0.405 0.021 4 3130 3140 bd 7 AGSR0422 20 22 AR020010 0.348 0.019 73 370 28300 200 2
AGSR0420 136 138 AR019908 0.347 0.013 5 1260 4270 bd 11 AGSR0422 22 24 AR020011 0.676 0.041 45 510 10200 bd bd
AGSR0420 138 140 AR019909 0.254 0.012 5 1000 3640 bd 8 AGSR0422 24 26 AR020012 1.04 0.052 24 880 13000 bd 4
AGSR0420 140 142 AR019910 0.263 0.011 6 980 3740 bd 13 AGSR0422 26 28 AR020013 0.864 0.082 21 1920 11600 bd 3

24

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Hole From
(m)
To
(m)
Sample Ni
(%)
Co
(%)
Sc
(g/t)
Mn
(ppm)
Cr
(ppm)
V
(ppm)
Au
(ppb)
number
AGSR0422 28 30 AR020014 1.04 0.124 23 3210 14000 bd 2
AGSR0422 30 32 AR020015 0.537 0.056 14 1560 6900 bd 2
AGSR0422 32 34 AR020016 0.397 0.04 9 1410 4290 bd 7
AGSR0422 34 36 AR020017 0.439 0.043 10 1740 4770 bd 6
AGSR0422 36 38 AR020018 0.542 0.052 11 3220 4900 bd 11
AGSR0422 38 40 AR020020 0.745 0.055 10 3730 5030 bd 10
AGSR0422 40 42 AR020021 0.625 0.036 7 2400 3180 bd 3
AGSR0422 42 44 AR020022 0.484 0.024 5 1750 1830 bd 11
AGSR0422 44 46 AR020023 0.568 0.027 5 2030 2220 bd 2
AGSR0422 46 48 AR020024 0.403 0.018 5 1270 1910 bd 3
AGSR0422 48 50 AR020025 0.299 0.013 4 780 1900 bd 3
AGSR0422 50 52 AR020026 0.272 0.011 3 730 1770 bd 1
AGSR0422 52 54 AR020027 0.27 0.011 3 700 1660 bd 1
AGSR0422 54 56 AR020028 0.228 0.008 3 610 1470 bd 2
AGSR0422 56 58 AR020030 0.184 0.006 3 540 1130 bd 4
AGSR0422 58 60 AR020031 0.197 0.006 3 600 1240 bd 6
AGSR0422 60 62 AR020032 0.197 0.006 2 620 1260 bd 6
AGSR0422 62 64 AR020033 0.19 0.006 3 590 1500 bd 9
AGSR0422 64 66 AR020034 0.188 0.006 3 590 1540 bd 4
AGSR0422 66 68 AR020035 0.195 0.006 3 590 1540 bd 3
AGSR0422 68 70 AR020036 0.191 0.006 4 570 1360 bd 26
AGSR0422 70 72 AR020037 0.188 0.006 4 570 1290 bd 12
AGSR0422 72 74 AR020038 0.217 0.007 4 640 1000 bd 4
AGSR0422 74 76 AR020040 0.183 0.006 3 580 960 bd 4
AGSR0422 76 78 AR020041 0.148 0.004 3 500 760 bd 2
AGSR0422 78 80 AR020042 0.231 0.007 4 650 1210 bd 1
AGSR0422 80 82 AR020043 0.209 0.007 4 590 1140 bd 1
AGSR0422 82 84 AR020044 0.155 0.005 3 570 750 bd 1
AGSR0422 84 86 AR020045 0.132 0.003 3 470 640 bd 2
AGSR0422 86 88 AR020046 0.178 0.006 4 570 1140 bd 2
AGSR0422 88 90 AR020047 0.163 0.005 3 590 940 bd 2
AGSR0422 90 92 AR020048 0.196 0.006 4 750 915 bd 5
AGSR0422 92 94 AR020050 0.143 0.005 3 650 740 bd 2
AGSR0422 94 96 AR020051 0.2 0.009 4 1110 1060 bd 8
AGSR0422 96 98 AR020052 0.343 0.029 4 2550 2580 bd 697
AGSR0422 98 100 AR020053 0.465 0.047 4 3340 4600 bd 1100
AGSR0422 100 102 AR020054 0.377 0.037 5 2920 3900 bd 503
AGSR0422 102 104 AR020055 0.496 0.042 11 1530 10200 bd 126
AGSR0422 104 106 AR020056 0.504 0.036 12 940 11300 bd 130
AGSR0422 106 108 AR020057 0.508 0.054 18 870 17200 100 9
AGSR0422 108 110 AR020058 0.529 0.052 17 880 14200 100 8
AGSR0422 110 112 AR020060 1.01 0.079 20 1830 24600 100 8
AGSR0422 112 114 AR020061 0.647 0.051 18 1430 13200 bd 163
AGSR0422 114 116 AR020062 0.856 0.229 16 7580 12500 bd 142
AGSR0422 116 118 AR020063 0.828 0.196 16 5980 10300 bd 151
AGSR0422 118 120 AR020064 0.694 0.11 15 3300 7530 bd 78
AGSR0422 120 122 AR020065 1.16 0.084 26 2360 12600 100 52
AGSR0422 122 124 AR020066 0.319 0.034 10 1050 4110 bd 29
AGSR0422 124 126 AR020067 0.648 0.065 17 1890 8620 bd 232
AGSR0422 126 128 AR020068 0.955 0.062 31 1300 13000 100 287
AGSR0422 128 130 AR020070 1.24 0.064 29 1290 11200 100 214
AGSR0422 130 132 AR020071 1.41 0.069 30 1290 10600 100 155
AGSR0422 132 134 AR020072 1.28 0.077 31 1570 11700 100 234
AGSR0422 134 136 AR020073 1.5 0.082 36 1300 17100 100 184
AGSR0422 136 138 AR020074 1.45 0.1 34 1210 17400 100 208
AGSR0422 138 140 AR020075 1.02 0.063 14 560 4540 bd 77
AGSR0422 140 142 AR020076 0.959 0.05 15 710 6430 bd 113
AGSR0422 142 144 AR020077 0.911 0.042 13 710 6130 bd 117
AGSR0422 144 146 AR020078 1.19 0.03 12 480 7950 bd 38
AGSR0422 146 148 AR020080 1.01 0.033 11 3870 5740 bd 31
AGSR0422 148 150 AR020081 1.01 0.028 10 2670 6900 bd 17
AGSR0422 150 152 AR020082 0.813 0.032 9 2240 9990 bd 26
AGSR0422 152 154 AR020083 0.483 0.027 10 3320 4860 bd 10
AGSR0422 154 156 AR020084 0.333 0.017 9 1380 5210 bd 7
AGSR0422 156 158 AR020085 0.295 0.017 11 910 5120 bd 10
AGSR0422 158 160 AR020086 0.293 0.015 7 1280 4350 bd 23

25

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Appendix 5 – Collated intercepts, Pamela Jean Deeps

Parameters used to define nickel, cobalt, scandium, and gold intercepts at Pamela Jean Deeps

Parameter
Nickel
Cobalt
Scandium
Gold
Minimum cut-off
0.50 % Ni
0.08 % Co
50 g/t Sc
0.5 g/t
Minimum intercept thickness
2 m
2 m
2 m
2 m
Maximum internal waste thickness
4 m
4 m
4 m
4 m

Nickel, cobalt, and scandium intercepts from new drilling at Goongarrie South

All newly defined cobalt intercepts at Goongarrie South (calculated both from new data and historic data) were calculated using the following parameters:

  • Intercepts based on nickel distributions were first calculated using 0.50 % nickel minimum cut-off, 2 m minimum intercept, and 4 m internal waste. Such parameters define broad intercepts that may be cobalt bearing or cobalt poor. Intercepts are considered of interest where cobalt values exceed 0.08%.

  • Intercepts based on cobalt distributions are then calculated using a 0.10 % cobalt minimum cut-off, 2 m minimum intercept, and 4 m internal waste. All significant cobalt intercepts are hosted within the broader nickelbased intercepts and tend to define higher-grade, shorter intercepts.

  • Where core loss was an issue, and where the thickness of core loss was less than the internal waste thickness, grades in zones of core loss were taken as the weighted average of the intervals immediately above and below the core loss interval in question. This provides grade distributions downhole that are consistent with mineralized zones, where nickel and cobalt grades are observed to change gradually rather than randomly downhole. By defining zones of core loss as being of a value between the interval above and the interval below, a similarly smooth transition in grades downhole is achieved. This method of estimated grade in zones of core loss is therefore considered the most suitable means of defining grade in such zones at Goongarrie South.

  • Where an interval of core loss, through calculation, marked the beginning or end of a mineralized interval, this core loss interval was not included in that mineralization interval.

Scandium intercepts were defined by using a 50g/t scandium minimum cut-off, a 2 m minimum intercept, and a 4 m internal waste. Scandium intercept distributions do not show a consistent relationship to nickel and cobalt mineralization and are usually in the shallow subsurface but are only likely to be recovered where nickel and/or cobalt are present. As such, scandium intercepts are only presented where nickel intercepts are defined. Gold intercepts show no relationship to nickel, cobalt nor scandium mineralization. Their association appears to be ad hoc.

Drillhole Interval
NIckel Intercepts
Cobalt intercepts
Scandium intercepts
(within Ni-Co mineralized zones)
Gold intercepts
AGSD0001 34 - 134.8 m
100.8 m at 1.00 % Ni and 0.08 % Co from 34 m
including
2 m at 1.02 % Ni and 0.11 % Co from 87 m
24.4 m at 51 g/t Sc from 34 m
and
7.2 m at 1.30 % Ni and 0.45 % Co from 95.6 m
8 m at 48 g/t Sc from 69 m
and
6 m at 1.40 % Ni and 0.22 % Co from 118 m
15.8 m at 52 g/t Sc from 106.2 m
140-2 - 165m
24.8mat1.10 %Niand 0.08 % Cofrom 140.2 m
including
8mat1.40 %Niand 0.11% Cofrom 152 m
AGSR0001 8.3-32.3 m
24 m at 0.62 % Ni and 0.07 % Co from 8.3 m
including
4 m at 0.85 % Ni and 0.21 % Co from 14.3 m
AGSR0185 20-46 m
26 m at 0.80 % Ni and 0.05 % Co from 20 m
including
4 m at 1.09 % Ni and 0.14 % Co from 38 m
6 m at 50 g/t Sc from 20 m
AGSR0186 22 - 84 m
62 m at 0.92 % Ni and 0.04 % Co from 22 m
including
2 m at 1.40 % Ni and 0.08 % Co from 66 m
28 m at 57 g/t Sc from 22 m
and
12 m at 45 g/t Sc from 58 m
2 m at 0.40 g/t Au from 58 m
AGSR0187 24 - 84 m
60 m at 1.14 % Ni and 0.08 % Co from 24 m
including
58 m at 63 g/t Sc from 24 m

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Drillhole Interval
NIckel Intercepts
Cobalt intercepts
Scandium intercepts
(within Ni-Comineralizedzones)
Gold intercepts
and
24 m at 1.27 % Ni and 0.14 % Co from 60 m
4 m at 0.48 g/t Au from 76 m
AGSR0190 36-60 m
24 m at 0.86 % Ni and 0.02 % Co from 36 m
including
24 m at 102 g/t Sc from 36 m
70 - 127 m
57 m at 1.04 % Ni and 0.10 % Co from 70 m
including
14 m at 0.82 % Ni and 0.2 % Co from 70 m
4 m at 50 g/t Sc from 78 m
and
16 m at 1.28 % Ni and 0.10 % Co from 90 m
2 m at 50 g/t Sc from 96 m
AGSR0193 22 - 24 m
2 mat 0.53 %Niand 0.03 % Cofrom 22 m
32 -38m
6mat 0.55 %Niand 0.06 % Cofrom32 m
AGSR0194 22-32 m
10 m at 0.61 % Ni and 0.02 % Co from 22 m
AGSR0294 18-36m
18mat 0.98 %Niand 0.08 % Cofrom 18m
including
8mat 0.98 %Niand 0.12% Cofrom 18m
6mat 50 g/t Scfrom 20m
46- 48m
2 mat 0.50 %Niand 0.03 % Cofrom 46m
AGSR0295 20-30 m
10 m at 0.50 % Ni and 0.05 % Co from 20 m
including
2 m at 0.82 % Ni and 0.11 % Co from 20 m
2 m at 50 g/t Sc from 22 m
50-53m
3mat 0.66 %Niand 0.02% Cofrom50m
AGSR0373 26-30m
4 mat 0.71%Niand 0.08 % Cofrom 26m
including
2 mat 0.78 %Niand 0.12% Cofrom 28m
AGSR0374 18-24 m
6 m at 0.50 % Ni and 0.02 % Co from 18 m
AGSR0375 20- 28m
8mat 0.68 %Niand 0.04% Cofrom 20m
including
2 mat 60 g/t Scfrom 20m
AGSR0377 22 -31 m
9mat 0.58 %Niand 0.03 % Cofrom 22 m
AGSR0380 18-25 m
7 m at 0.92 % Ni and 0.05 % Co from 18 m
AGSR0411 22 -54 m
32 mat 0.85 %Niand 0.05 % Cofrom 22 m
including
2 mat1.28 %Niand 0.09 % Cofrom38m
76-96m
20mat 0.71%Niand 0.03 % Cofrom 76m
AGSR0412 22 - 60 m
38 m at 0.89 % Ni and 0.06 % Co from 22 m
including
8 m at 85 g/t Sc from 22 m
and
8mat1.17%Niand 0.13 % Cofrom30m
2 mat 50 g/t Scfrom36m
68-72 m
4 m at 0.81 % Ni and 0.05 % Co from 68 m
76-78 m
2 m at 0.31 g/t Au from 76 m
136- 150m
14 mat 0.78 %Niand 0.04% Cofrom 136m
including
2 mat1.13 %Niand 0.11% Cofrom 140m
AGSR0413 24 - 100 m
76 m at 1.11 % Ni and 0.09 % Co from 24 m
including
26 m at 58 g/t Sc from 24 m
and
12 m at 1.11 % Ni and 0.12 % Co from 44 m
and
30 m at 47 g/t Sc from 62 m
and
16 m at 1.37 % Ni and 0.22 % Co from 66 m
and
4 m at 1.37 % Ni and 0.13 % Co from 88 m
106- 108m
2 mat 0.52%Niand 0.01% Cofrom 106m
114 - 120m
6mat 0.66 %Niand 0.01% Cofrom 114 m
AGSR0414 16 - 54 m
38 m at 1.01 % Ni and 0.10 % Co from 16 m
including
26 m at 60 g/t Sc from 16 m
and
8mat1.40 %Niand 0.08 % Cofrom 40m
128-134 m
6 m at 0.85 % Ni and 0.02 % Co from 128 m
150-152 m
2 m at 0.57 % Ni and 0.01 % Co from 150 m
AGSR0415 28- 74 m
46mat1.03 %Niand 0.06 % Cofrom 28m
including
10mat1.33 %Niand 0.14% Cofrom 46m
30mat 55 g/t Scfrom 28m
AGSR0416 32-48 m
16 m at 0.75 % Ni and 0.03 % Co from 32 m
including
16 m at 94 g/t Sc from 32 m
62 - 90 m
28 m at 0.87 % Ni and 0.08 % Co from 62 m
including
4 m at 0.83 % Ni and 0.11 % Co from 62 m
26 m at 51 g/t Sc from 64 m
6 m at 0.74 g/t Au from 68 m
and
8mat 0.91%Niand 0.09 % Cofrom82 m
AGSR0417 22-48 m
26 m at 0.90 % Ni and 0.04 % Co from 22 m
including
2 m at 50 g/t Sc from 30 m
58-66m
8mat 0.63 %Niand 0.02% Cofrom58m
AGSR0418 30- 72 m
42 mat 0.67%Niand 0.04% Cofrom30m
including
2 mat1.12%Niand 0.09 % Cofrom 48m
88-90 m
2 m at 0.61 % Ni and 0.05 % Co from 88 m
104 - 160m
56mat1.29 %Niand 0.14% Cofrom 104 m
including
36mat1.40 %Niand 0.2% Cofrom 110m
166- 170m
4 mat 0.80 %Niand 0.02% Cofrom 166m
AGSR0419 30 - 142 m
112 m at 1.30 % Ni and 0.26 % Co from 30 m
including
6 m at 1.14 % Ni and 0.08 % Co from 42 m
8 m at 53 g/t Sc from 30 m
and
4 m at 0.77 % Ni and 0.11 % Co from 56 m

27

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Drillhole Interval
NIckel Intercepts
Cobalt intercepts
Scandium intercepts
(within Ni-Comineralizedzones)
Gold intercepts
and
68 m at 1.58 % Ni and 0.39 % Co from 72 m
32 m at 48 g/t Sc from 70 m
and
10 m at 48 g/t Sc from 108 m
and
14 m at 53 g/t Sc from 124 m
6mat 0.64g/tAufrom 136m
AGSR0420 18-34 m
16mat 0.67%Niand 0.03 % Cofrom 18m
including
2 mat 60 g/t Scfrom 18m
40-42 m
2 m at 0.60 % Ni and 0.05 % Co from 40 m
116- 122 m
6mat 0.67%Niand 0.02% Cofrom 116m
132 - 134 m
2 mat 0.52%Niand 0.02% Cofrom 132 m
AGSR0421 20-46 m
26 m at 0.66 % Ni and 0.04 % Co from 20 m
including
12 m at 70 g/t Sc from 20 m
54 - 130 m
76 m at 0.83 % Ni and 0.07 % Co from 54 m
including
18 m at 70 g/t Sc from 66 m
and
28 m at 0.91 % Ni and 0.14 % Co from 84 m
16 m at 54 g/t Sc from 96 m
AGSR0422 22-46 m
24 m at 0.66 % Ni and 0.05 % Co from 22 m
including
4 m at 0.95 % Ni and 0.10 % Co from 26 m
2 m at 60 g/t Sc from 22 m
96- 102 m
6mat 0.77g/tAufrom96m
104 - 152 m
48 m at 0.94 % Ni and 0.07 % Co from 104 m
including
8 m at 0.88 % Ni and 0.16 % Co from 114 m
and
2 m at 0.29 g/t Au from 126 m
and
4 mat1.48 %Niand 0.09 % Cofrom 134 m

28

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Appendix 6 – JORC Code, 2012 Edition, Table 1 report

Section 1 Sampling Techniques and Data

(Criteria in this section applies to all succeeding sections)

Criteria **JORC Code explanation ** Commentary
Sampling techniques
Note: Due to the
similarity of the deposit
styles, procedures and
estimations used this
table represents the
combined methods for
all Ardea Resources
(ARL) Nickel and
cobalt Laterite
Resources. Where data
not collected by ARL
has been used in the
resource calculations,
variances in techniques
are noted.
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 mineralization
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 mineralization
types (e.g. submarine nodules) may warrant
disclosure of detailed information.
• All holes were sampled “in-principle” on a 2 metre down hole interval basis, with
exceptions being made due to visual geological/mineralogical breaks, and end of hole
final-lengths. All sampling lengths were recorded in ARL’s standard core-sampling
record spreadsheets. Sample condition, sample recovery and sample size were
recorded for all drill-core samples collected by ARL.
• The drill spacing was designed to augment historic drilling, bringing drill densities
down from 80mE x 80mN to 40mE x 80mN. The drilling will also contribute to provide
material for the purpose of metallurgical sampling and production of production of pilot
marketing samples of cobalt sulphate and nickel sulphate.
• Industry standard practice was used in the processing of samples for assay, with 2m
intervals of RC chips collected in green plastic bags. As the drilling was within a 2012
JORC-compliant Indicated Ni-Co resource, prior knowledge of the resource
peculiarities contributes and assists significantly to current interpretation of
mineralization.
• Assay of samples utilised standard laboratory techniques with standard ICP-AES
undertaken on 50 gram samples for Au, Pt and Pd, and lithium borate fused-bead
XRF analysis used for the remaining multi-element suite. Further details of lab
processing techniques are found in Quality of assay data and laboratory tests below.
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).
• In this most recent program, Ardea drilled the Goongarrie South deposit with 43
diamond drill holes on a varying MGA94 z51 northing grid-spacing of 80m at several
localities (see Figure 2). Holes were vertical (-90 degree dip), designed to optimally
intersect the sub-horizontal mineralization. RC drilling was performed with a face
sampling hammer (bit diameter between 4½ and 5 ¼ inches) and samples were
collected by either a cone (majority) or riffle splitter using 2 metre composites. Sample
condition, sample recovery and sample size were recorded for all drill samples
collected by ARL.
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.
• RC chip sample recovery was recorded by visual estimation of the reject sample,
expressed as a percentage recovery. Overall estimated recovery was approximately
80%, which is considered to be acceptable for nickel-cobalt laterite deposits. RC Chip
sample condition recorded using a three code system, D=Dry, M=Moist, W=Wet. A
small proportion of samples were moist or wet (11.5%), with the majority of these being
associated with soft goethite clays, where water injection has been used to improve
drill recovery.
• Measures taken to ensure maximum RC sample recoveries included maintaining a
clean cyclone and drilling equipment, using water injection at times of reduced air
circulation, as well as regular communication with the drillers and slowing drill advance
rates when variable to poor ground conditions are encountered.
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.
• Drilling was undertaken for metallurgical purposes, and twinning comparison with
previous historic RC holes. The level of logging detail utilised supports this type of
review and was as follows: Visual geological logging was completed for all drilling
both at the time of drilling (using standard Ardea laterite logging codes), and later over
relevant met-sample intervals with a metallurgical-logging perspective. Geochemistry
from historic data was used together with logging data to validate logged geological
horizons. Nickel laterite profiles contain geochemically very distinct horizons and
represent a sound validation tool against visual logging. The major part of the logging
system was developed by Heron Resources Limited specifically for the KNP and was
designed to facilitate future geo-metallurgical studies. It has been customised by
Ardea Resources Limited as considered appropriate for recent developments.
Planned drill hole target lengths were adjusted by the geologist during drilling. The
geologist also oversaw all sampling and drilling practices. A mixture of ARL
employees and contract geologists supervised all drilling. Quarter core of all drilling
has been retained for reference.
• Visual geological logging was completed for all RC drilling on 1 metre intervals. The
logging system was developed by Heron Resources Limited specifically for the KNP
and was designed to facilitate future geo-metallurgical studies. Logging was
performed at the time of drilling, and planned drill hole target lengths adjusted by the
geologist during drilling. The geologist also oversaw all sampling and drilling
practices. A mixture of ARL employees and contract geologists supervised all drilling.
Asmallselectionof representative chipswere also collectedforevery1 metreinterval

29

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Criteria JORC Code explanation Commentary
and stored in chip-trays for future reference. Only drilling contractors with previous
nickel laterite experience and suitable rigs were used.
• The geological legend used by ARL is a qualitative legend designed to capture the
key physical and metallurgical features of the nickel-cobalt laterite mineralization.
Logging captured the colour, regolith unit and mineralization style, often accompanied
by the logging of protolith, estimated percentage of free silica, texture, grain size and
alteration. Logging correlated well with the geochemical algorithm developed by
Heron Resources Limited for the Yerilla Nickel Project for material type prediction
from multi-element assay data.
Sub-sampling
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.
• 2 metre (and rarely 1 metre) composite samples were recovered using a 15:1 rig
mounted cone splitter or trailer mounted riffle splitter during drilling into a calico
sample bag. Sample target weight was between 2 and 3kg. In the case of wet clay
samples, grab samples taken from sample return pile, initially into a calico sample
bag. Wet samples stored separately from other samples in plastic bags and riffle split
once dry.
• QAQC was employed. A standard, blank or duplicate sample was inserted into the
sample stream 10 metres on a rotating basis. Standards were either quantified
industry standards, or standards made from homogenised bulk samples of the
mineralization being drilled (in the case of the Yerilla project). Every 30th sample a
duplicate sample was taken using the same sample sub sample technique as the
original sub sample. Sample sizes are appropriate for the nature of mineralization.
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.
• All Ardea samples were submitted to Kalgoorlie ALS laboratories and transported to
ALS Perth, where they were pulverised. Analysis at ALS Perth was by ICP utilising a
50g charge (lab method PGM-ICP24) for PGM suite elements (Au, Pt, Pd). Additional
analysis was undertaken by sending subsamples to ALS Brisbane where analysis by
silicate fusion / XRF analysis (lab method ME-XRF12n) for multiple grade attributes
for laterite ores (Al2O3, As, BaO, CaO, Cl, Co, Cr2O3, Cu, Fe2O3, Ga, K2O, MgO,
MnO, Na2O, Ni, P2O5, Pb, Sc, SiO2, SO3, SrO, TiO2, V2O5, Zn, ZrO2). Fusion /
XRF analysis is an industry standard method used to analyse nickel laterite ores and
ALS is a reputable commercial laboratory with extensive experience in assaying
nickel laterite samples from numerous Western Australian nickel laterite deposits.
• ALS routinely inserts analytical blanks, standards and duplicates into the client
sample batches for laboratory QAQC performance monitoring.
• Ardea also inserted QAQC samples into the sample stream at a 1 in 10 frequency,
alternating between blanks (industrial sands) and standard reference materials.
Additionally, a review was conducted for geochemical consistency between
historically expected data, recent data, and geochemical values that would be
expected in a nickel laterite profile.
• All of the QAQC data has been statistically assessed. There were rare but explainable
inconsistencies in the returning results from standards submitted, and it has been
determined that levels of accuracy and precision relating to the samples are
acceptable.
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.
• All Ardea samples were submitted to Kalgoorlie ALS laboratories and transported to
ALS Perth, where they were pulverised. Analysis at ALS Perth was by ICP utilising a
50g charge (lab method PGM-ICP24) for PGM suite elements (Au, Pt, Pd). Additional
analysis was undertaken by sending subsamples to ALS Brisbane where analysis by
silicate fusion / XRF analysis (lab method ME-XRF12n) for multiple grade attributes
for laterite ores (Al2O3, As, BaO, CaO, Cl, Co, Cr2O3, Cu, Fe2O3, Ga, K2O, MgO,
MnO, Na2O, Ni, P2O5, Pb, Sc, SiO2, SO3, SrO, TiO2, V2O5, Zn, ZrO2). Fusion /
XRF analysis is an industry standard method used to analyse nickel laterite ores and
ALS is a reputable commercial laboratory with extensive experience in assaying
nickel laterite samples from numerous Western Australian nickel laterite deposits.
• ALS routinely inserts analytical blanks, standards and duplicates into the client
sample batches for laboratory QAQC performance monitoring.
• Ardea also inserted QAQC samples into the sample stream at a 1 in 20 frequency,
alternating between duplicates splits, blanks (industrial sands) and standard
reference materials.
• Additionally, a review was conducted for geochemical consistency between
historically expected data, recent data, and geochemical values that would be
expected in a nickel laterite profile.
• All of the QAQC data has been statistically assessed. There were some
inconsistencies in the returning results from standards submitted, relating to the XRF
analysis suite. This has been thoroughly investigated with the conclusion that either
some standards were not correctly identified and recorded on submission, or
time/external influence has had an impact on some of the quality of the values
standards, as figures reported for the relevant errant standards were significantly
different to the normal recognisable standard values. Ardea has undertaken its own

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Criteria JORC Code explanation Commentary
further in-house review of QAQC results of the ALS routine standards, 100% of which
returned within acceptable QAQC limits. This fact combined with the fact that the data
is demonstrably consistent and repeated for expected Ni/Co values within the lateritic
ore profiles of both reported areas and is also consistent with nearby abundant historic
drilling data, has meant that the results are considered to be acceptable and suitable
for reporting.
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 drill holes are to be surveyed using an RTK DGPS system with either a 3 or 7 digit
accuracy. The coordinates are stored in the exploration database referenced to the
MGA Zone 51 Datum GDA94.
• All holes drilled as part of the Goongarrie South program were vertical. No holes were
down-hole surveyed except at EOH. The sub-horizontal orientation of the
mineralization, combined with the soft nature of host material resulted in minimal
deviation of vertical diamond drill holes.
• The grid system for all models is GDA94. Where historic data or mine grid data has
been used it has been transformed into GDA94 from its original source grid via the
appropriate transformation. Both original and transformed data is stored in the digital
database.
• A DGPS pickup up of drill collar locations is considered sufficiently accurate for
reporting of resources, but is not suitable for mine planning and reserves.
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.
• The drill spacing was designed to augment historic drilling, bringing drill densities
down from 80mE x 80mN to 40mE x 80mN. The program to date is part of a broader
program. All proposed drilling has been completed at Elsie South only. Drilling
continues at all other deposits.
• Given the homogeneity of this style of orebody, the spacing is, for bulk-scale
metallurgical work and probable mining techniques, considered sufficient.
• Sample compositing has not been applied to the newly collected data.
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
mineralized structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
• All drill holes in this program which are vertical and give a true width of the regolith
layers and mineralization within the modelled resource. The inclined holes are
designed to test steep structures rather than regolith thickness and in all cases have
sufficient adjoining vertical holes which quantify regolith true thickness
• On a local scale, there is some geological variability in the northern most drill line
(6669600mN) due to a probable shear structure. However, this local variability is not
considered to be significant for the project overall, but will have local effects on mining
and scheduling later in the project life. As the detailed shape of the orebody has
already been well defined by an abundance of nearby resource drill holes (including
the northern section) it is no bias is expected to be introduced from data pertaining to
these drill holes with reference to mineralized structures.
Sample security The measures taken to ensure sample
security.
• All samples were collected and accounted for by ARL employees/consultants during
drilling. All samples were bagged into calico plastic bags and closed with cable ties.
Samples were transported to Kalgoorlie from logging site by ARL employees/
consultants and submitted directly to ALS Kalgoorlie.
• The appropriate manifest of sample numbers and a sample submission form
containing laboratory instructions were submitted to the laboratory. Any discrepancies
between sample submissions and samples received were routinely followed up and
accounted for.
Audits or reviews The results of any audits or reviews of
sampling techniques and data.
• ARL has periodically conducted internal reviews of sampling techniques relating to
resultant exploration datasets, and larger scale reviews capturing the data from
multiple drilling programmes within the KNP.
• Internal reviews of the exploration data included the following:
• Unsurveyed drill hole collars (less than 1% of collars).
• Drill Holes with overlapping intervals (0%).
• Drill Holes with no logging data (less than 2% of holes).
• Sample logging intervals beyond end of hole depths (0%).
• Samples with no assay data (from 0 to <5% for any given project, usually
• related to issues with sample recovery from difficult ground conditions,
• mechanical issues with drill rig, damage to sample in transport or sample preparation).
• Assay grade ranges.
• Collar coordinate ranges
• Valid hole orientation data.
• The ALS Laboratory was visited by ARL staff in 2016, and the laboratory processes
and procedures were reviewed at this time and determined to be robust.

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Section 2 - Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

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




• The tenement on which the Goongarrie South drilling was undertaken is M29/272.
• The tenement and land tenure status for the KNP prospect areas containing
continuous cobalt rich laterite mineralization is summarised in Table 3 following and
in the Ardea Prospectus, section 9 “Solicitor’s Report on Tenements”.
Exploration done by
other parties
~~t~~
~~bt i i~~
~~li~~
~~t~~
~~t i th~~
Acknowledgment and appraisal of exploration
by other parties.
• The Goongarrie South deposit was initially discovered by Heron Resources Ltd and
subsequently drilled by Vale Inco Limited in a Joint Venture. Much historic
assessment of the Black Range Project was undertaken by Heron Resources Limited.
Geology Deposit type, geological setting and style of
mineralization.
• The KNP nickel-cobalt laterite mineralization developed during the weathering and
near surface enrichment of Archaean-aged olivine-cumulate ultramafic units. The
mineralization is usually within 60 metres of surface and can be further subdivided on
mineralogical and metallurgical characteristics into upper iron-rich material and lower
magnesium-rich material based on the ratios of iron to magnesium. The deposits are
analogous to many weathered ultramafic-hosted nickel-cobalt deposits both within
Australia and world-wide.
• Cobalt-rich mineralization is typically best developed in iron-rich material in regions
of deep weathering in close proximity to major shear zones or transfer shear
structures and to a lesser extent as thin zones along the interface of ferruginous and
saprolite boundaries at shallower depths proximal to shear structures.
• The Cobalt Zone is associated with a distinctive geo-metallurgical type defined as
“Clay Upper Pyrolusitic”. Mineralogy is goethite, gibbsite and pyrolusite (strictly
“asbolite” or “cobaltian wad”). The Cobalt Zones typically occur as sub-horizontal
bodies at a palaeo-water table within the KNP (late stage supergene enrichment).
This material is particularly well developed at Goongarrie South.
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:
easting and northing of the drill hole collar
elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length.

• All holes drilled in this most recent program are listed in “Appendix 1 – Collar location
data”.
Drill hole Information 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. _
• All assay data relating to the metals of interest at Goongarrie South, namely cobalt,
nickel, Sc, and chromium, are listed in “Appendix 2 – Assay results”. Other elements
were assayed but have not been reported here. They are of use and of interest from
a scientific and metallurgical perspective, but are not considered material and their
exclusion does not detract from the understanding of this report.
Data aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of
high grades) and cut-off grades are usually
Material and should be stated.
Where aggregate intercepts incorporate short
lengths of high-grade results and longer
lengths of low-grade results, the procedure
used for such aggregation should be stated
and some typical examples of such
aggregations should be shown in detail.
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.
• Most drill hole samples have been collected over 2m down hole intervals.
• All newly defined nickel and cobalt intercepts at Goongarrie South were calculated
using the following parameters:
• Intercepts based on nickel distributions were first calculated using 0.50 % nickel
minimum cut-off, 2 m minimum intercept, and 4 m internal waste. Such parameters
define broad intercepts that may be cobalt bearing or cobalt poor. Intercepts are
considered of interest where cobalt values exceed 0.08%.
• Intercepts based on cobalt distributions are then calculated using a 0.10 % cobalt
minimum cut-off, 2 m minimum intercept, and 4 m internal waste. All significant cobalt
intercepts are hosted within the broader nickel-based intercepts and tend to define
higher-grade, shorter intercepts.
• Where core loss was an issue, and where the thickness of core loss was less than
the internal waste thickness, grades in zones of core loss were taken as the weighted
average of the intervals immediately above and below the core loss interval in
question. This provides grade distributions downhole that are consistent with
mineralized zones, where nickel and cobalt grades are observed to change gradually
rather than randomly downhole. By defining zones of core loss as being of a value
between the interval above and the interval below, a similarly smooth transition in
grades downhole is achieved. This method of estimated grade in zones of core loss
is therefore considered the most suitable means of defining grade in such zones at
Goongarrie South.
• Where an interval of core loss, through calculation, marked the beginning or end of

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Criteria JORC Code explanation Commentary
a mineralized interval, this core loss interval was not included in that mineralization
interval.
• Sc intercepts were defined by using a 50g/t Sc minimum cut-off, a 2 m minimum
intercept, and a 4 m internal waste. Sc intercept distributions do not show a consistent
relationship to nickel and cobalt mineralization and are usually in the shallow
subsurface.
• Assay compositing techniques were not used in this assessment.
• No metal equivalent calculations have been used in this assessment.
Relationship between
mineralization widths
and intercept lengths
These relationships are particularly important
in the reporting of Exploration Results.
If the geometry of the mineralization 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’).
• The nickel-cobalt laterite mineralization at Goongarrie South has a strong global sub-
horizontal orientation.
• All drill holes are vertical.
• All drill holes intersect the mineralization at approximately 90°to its orientation
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.
• Maps and sections of the nickel and cobalt mineralization are shown within the report.
Every drill hole on every section drilled is shown.
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.
• Not applicable to this report. All results are report either in the text or in the associated
appendices. Examples of high-grade mineralization are labelled as such.
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.
• No other data are, at this stage, known to be either beneficial or deleterious to
recovery of the metals reported. Uncertainties surrounding the possibility of recovery
of the metals of interest are noted prominently in the report.
Further work The nature and scale of planned further work
(e.g. tests for lateral extensions or depth
extensions or large-scale step-out 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 drilling is likely to be undertaken at Goongarrie South but has not yet been
defined. Further drilling could include infill drilling as well as extension of lines to the
north and south as appropriate.
• Metallurgical assessment of all metals of interest at Goongarrie South will be
undertaken during the Pre-Feasibility Study (PFS) which has commenced on the KNP
Cobalt Zone.

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