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ARIKA RESOURCES LIMITED — Capital/Financing Update 2015
Feb 2, 2015
64420_rns_2015-02-02_d9fc381b-b496-4c3a-8739-837911b3d7c1.pdf
Capital/Financing Update
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Suite 6, 245 Churchill Avenue S ubiaco WA 600 8 PO Box 1273 S ubiaco WA 690 4 Phone: +61 8 9 217 3300 | Fax: +61 8 9388 300 6
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ASX Code: PLD 03 February 2015
High Grade Zone including 15.5m at 20.9% ZnEq at Admiral Bay
-
High grade zinc and lead zones identified within the Admiral Bay Zinc Project Mineral Resource Estimate (MRE), which is 72Mt at 6.7% ZnEq, emphasise a high grade core zone.
-
Thick high grade intersections identified include:
oABRD001 20m at 14.5% ZnEq from 1321m; -
ABRD003 8m at 11.5%ZnEq from 1346m;
-
ABRD005 13m at 13.1% ZnEq from 1352m;
-
ABRD006 16m at 8.8% ZnEq from 1342m
-
SS02 19m at 8.3% ZnEq from 1324m and 14m at 17.7%ZnEq from 1369m
-
SS14 15.5m at 20.9% ZnEq from 1471m
-
The MRE is currently limited to 2.1km of a drill tested 18km mineralised corridor
-
A higher‐grade resource zone within the defined resource is currently being assessed
PLD Cor p oration Li m ited ( ASX:PLD ) (“ PLD ” or “ the Company ”) is pl e ased report progress o n the due diligenc e (DD) on th e Admiral Ba y Zinc Projec t , where the review of th e extensive technical dat a base has highligh t ed a numbe r of high gra d e zinc and lead intersecti o ns (Table 1).
The Infe r red Mineral Resource E s timate (MR E ) at Admiral Bay is 72Mt at 6.7% ZnEq (3.1% Zn, 2.9% Pb and 18ppm Ag) and limited to 2. 1 km of a drill tested 18km mineralised corridor, (as announced b y PLD on 25/11/1 4 ). The assessment of th e se high‐gra d e intersecti o ns will form the basis for the compil a tion of a higher g r ade zone wi t hin the MR E .
Drilling b y CRA Expl o ration Pty Ltd in 1986 and 1989, a nd Kagara Z inc Limited in 2008, in t ersected significa n t zones of b ase metal m ineralisatio n , however p ast public r e porting of t h ese results has been limited a nd hence the Company i s providing a JORC Code 2012 compliant present a tion of the d ata. The higher‐g r ade interse c tions are al o ng the trac e of the Ad m iral Fault Z o ne (ABFZ) and are inter p reted to represe n t the trap zone of maximum fluid flo w , and most r e active host rock.
The three best Zn‐ric h intersectio n s with Zn g r ades above 1 0% occur in the central p art of the z o ne in the area drilled in more detail by Kagara. Consi d ering the st y le of miner a lisation and wide‐space d drilling, especially the recon n aissance drilling along t he 15 km m ineralised z one along the ABFZ (o u tside the Mineral Resource Es t imate), it is considered likely that m u ltiple additional higher g rade zones exist and that so m e of these c o uld be of su b stantial scale at the Ad m iral Bay Zinc Project.
Further d rilling will b e required t o define higher‐grade z o nes within the deposit, a nd this ma y improve underst a nding of th e controls o f high‐grade mineralisati o n and of the litho‐struc t ural and g e ophysical signatur e s of high‐gr a de zones, a n d hence ma y allow more effective tar g eting for fu t ure work.
DD is n o w due to b e completed by the end o f February d ue primaril y to the avai l ability of co n tractors. Positive discussions a re progressi n g with a wi d e range of i n vestors an d potential p a rtners to de v elop the Admiral Bay Zinc Project. The Co m pany will ke e p the mark e t informed o f any materi a l changes.
Suite 6, 245 Churchill Avenue S ubiaco WA 600 8 PO Box 1273 S ubiaco WA 690 4 Phone: +61 8 9 217 3300 | Fax: +61 8 9388 300 6
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Figure 1. ABRD001 Core showing sphalerite (zinc sulphide, yellow/brown) and galena (lead sulphide, silver grey); HQ drill core from 1333.0m and 1328.7m depths
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Figure 2. Admiral Bay Zinc Project core viewing and assessment at core shed in Broome.
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Suite 6, 245 Churchill Avenue S ubiaco WA 600 8 PO Box 1273 S ubiaco WA 690 4 Phone: +61 8 9 217 3300 | Fax: +61 8 9388 300 6
Figure 3: Tenements/drill hole locations over 2km MRE within ML2/249 & 18km mineralised corridor
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Figure 4: Plan View of resource area within ML4/249 showing drill holes
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Suite 6, 2 4 5 Churchill Avenue Subiaco WA 6008 PO Box 1273 Subiaco WA 6904 Phone: +6 1 8 9217 3300 | Fax: + 6 1 8 9388 3006
Figure 5: Schematic WNW‐ESE long section of the Admiral Bay Deposit, showing intersections of >4% Zn+Pb (with up to 1m internal waste), ZnEq, Zn & Pb in %, Ag in ppm
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----- Start of picture text -----
[email protected]%ZnEq,
[email protected], 8.3Zn, 4.9Pb, [email protected]%ZnEq,
7.0Z, 5.0Pb, 35.8Ag 4.1Zn, 3.6Pb,
15.1Ag
29.1Ag
[email protected]%ZnEq,
[email protected],
0.1Zn, 16.4Pb,
6.0Zn, 2.0Pb,
7.9Ag
22.6Ag
Bongabinni
Fmn
N ita Fmn
Goldwyer
Fmn
[email protected]%ZnEq, [email protected]%ZnEq,
6.0Zn, 1.5Pb, 8.3pb, 2.2Pb,
26.9Ag 27.3Ag
[email protected]%ZnEq,
0.6Zn, 17.3Pb,
62.8Ag
----- End of picture text -----
Suite 6, 245 Churchill Avenue S ubiaco WA 600 8 PO Box 1273 S ubiaco WA 690 4 Phone: +61 8 9 217 3300 | Fax: +61 8 9388 300 6
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Table 1 Weighted Average Drill hole intersections from the Admiral Bay Mineral Resource area; intersections >4% Zn+Pb, with up to 1m internal waste
| Hole ID | Easting MGA Z51 |
Northing MGA Z51 |
RL | EOH | Depth From (m) |
Int. (m) |
Z % n |
Pb % |
Ag ppm |
B a % |
Zn_EQ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ABRD001 | 428591 | 1267.1 | 2.9 | 4 .8 |
1.1 | 21.0 | 0 .63 |
6.6 | |||
| 1286.0 | 5.0 | 5 .6 |
0.3 | 19.8 | 1 .43 |
6.4 | |||||
| 7874672 | 91 | 1431 | 1316.0 | 2.0 | 4 .1 |
0.7 | 10.5 | 1 .96 |
5.2 | ||
| 1321.0 | 20.0 | 8 .3 |
4.9 | 35.8 | 21 .04 |
14.5 | |||||
| ABRD002 | 428523 | 7874521 | 90 | 1567 | 1382.0 | 2.0 | 5 .0 |
1.2 | 21.0 | 13 .05 |
6.8 |
| ABRD003 | 429133 | 7874499 | 90 | 1454 | 1346.0 | 8.0 | 8 .3 |
2.2 | 27.3 | 10 .46 |
11.5 |
| ABRD004 | 428140 | 1375.0 | 2.0 | 4 .6 |
0.8 | 21.5 | 4 .99 |
6.1 | |||
| 7874692 | 95 | 1498 | 1438.0 | 1.0 | 0 .0 |
8.2 | 10.0 | 9 .86 |
9.0 | ||
| ABRD005 | 428208 | 1276.0 | 2.0 | 5 .7 |
0.9 | 9.5 | 6.9 | ||||
| 1343.0 | 2.0 | 6 .2 |
1.5 | 34.0 | 5 .94 |
8.8 | |||||
| 7874905 | 96 | 1469 | 1347.0 | 3.0 | 5 .2 |
0.9 | 11.7 | 3 .54 |
6.5 | ||
| 1352.0 | 13.0 | 7 .0 |
5.0 | 29.1 | 14 .95 |
13.1 | |||||
| 1367.0 | 5.0 | 0 .1 |
6.9 | 11.2 | 2 4 |
7.7 | |||||
| ABRD006 | 427830 | 1312.0 | 2.0 | 3 .6 |
1.1 | 20.5 | 0 .52 |
5.4 | |||
| 1321.0 | 2.0 | 3 .6 |
1.5 | 25.5 | 13 .66 |
5.9 | |||||
| 1324.0 | 3.0 | 5 .8 |
1.7 | 22.0 | 0 .31 |
8.3 | |||||
| 7874916 | 96 | 1469 | 1333.0 | 7.0 | 6 .2 |
1.3 | 22.9 | 12 .67 |
8.2 | ||
| 1342.0 | 16.0 | 6 .0 |
2.0 | 22.6 | 12 .36 |
8.8 | |||||
| 1365.0 | 8.0 | 0 .8 |
6.0 | 15.5 | 37 .32 |
7.7 | |||||
| ABRD008 | 427451 | 1372.0 | 1.0 | 10 .7 |
1.1 | 20.0 | 7 .48 |
12.5 | |||
| 1376.0 | 3.0 | 5 .7 |
1.2 | 33.0 | 5 .6 |
7.9 | |||||
| 7875057 | 97 | 1490 | 1391.0 | 1.0 | 4 .4 |
5.6 | 15.0 | 27 .04 |
10.9 | ||
| 1433.0 | 1.0 | 0 .0 |
18.5 | 37.0 | 20.7 | ||||||
| ABRD009 | 429185 | 1349.0 | 2.0 | 3 .4 |
3.7 | 22.0 | 18 .04 |
7.9 | |||
| 7874683 | 90 | 1464 | 1358.0 | 3.0 | 0 .1 |
4.6 | 9.7 | 21 .39 |
5.3 | ||
| ABRD010A | 427069 | 7875172 | 98 | 1525 | 1385.0 | 3.0 | 5 .0 |
1.1 | 28.3 | 7 .04 |
7.0 |
| ABRD011 | 429099 | 1257.0 | 2.0 | 4 .2 |
1.3 | 14.0 | 6.1 | ||||
| 7874351 | 90 | 1516 | 1286.0 | 1.0 | 8 .2 |
2.1 | 12.0 | 10.9 | |||
| 1416.0 | 2.0 | 4 .0 |
1.1 | 17.0 | 7 .54 |
5.6 | |||||
| ABRD011D2 | 429099 | 1254.0 | 3.0 | 6 .8 |
1.7 | 16.0 | 9.1 | ||||
| 7874351 | 90 | 1488 | 1283.0 | 1.0 | 9 .9 |
2.5 | 16.0 | 13.0 | |||
| 1411.0 | 2.0 | 5 .1 |
1.1 | 16.0 | 7 .31 |
6.7 | |||||
| CUDALGARRA 1 |
428763 | 1294.0 | 6.0 | 5 .0 |
0.2 | 23.5 | 0 .58 |
5.9 | |||
| 1327.0 | 12.0 | 4 .5 |
1.2 | 19.5 | 3 .9 |
6.3 | |||||
| 1384.0 | 12.0 | 0 .1 |
7.0 | 20.4 | 7 .36 |
8.1 | |||||
| 7874655 | 100 | 1703 | 1399.0 | 3.0 | 0 .5 |
9.0 | 18.0 | 11 .41 |
10.6 | ||
| 1555.0 | 3.0 | 0 .0 |
5.0 | 12.0 | 6 .95 |
5.6 | |||||
| 1591.0 | 3.0 | 0 .2 |
10.9 | 15.5 | 0 | 12.2 | |||||
| DD86SS02 | 1264.0 | 2.0 | 7 .5 |
2.6 | 53.8 | 0 .1 |
11.8 | ||||
| 428883 | 7874628 | 92 | 1754 | 1285.0 | 1.5 | 11 .5 |
8.3 | 112.0 | 0 .09 |
23.6 |
Suite 6, 245 Churchill Avenue S ubiaco WA 600 8 PO Box 1273 S ubiaco WA 690 4 Phone: +61 8 9 217 3300 | Fax: +61 8 9388 300 6
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| Hole ID | Easting MGA Z51 |
Northing MGA Z51 |
RL | EOH | Depth From (m) |
Int. (m) |
Z % n |
Pb % |
Ag ppm |
B a % |
Zn_EQ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1288.0 | 2.0 | 8 .0 |
1.3 | 61.3 | 3 .64 |
11.2 | |||||
| 1294.0 | 4.0 | 4 .4 |
0.8 | 38.1 | 0 .46 |
6.4 | |||||
| 1324.0 | 19.0 | 4 .1 |
3.6 | 15.1 | 13 .66 |
8.3 | |||||
| 1369.0 | 14.0 | 0 .1 |
16.4 | 7.9 | 25 .74 |
17.7 | |||||
| 1513.0 | 4.0 | 0 .1 |
10.1 | 34.8 | 2 0.2 |
11.8 | |||||
| 1520.0 | 1.0 | 0 .1 |
12.3 | 27.5 | 2 9.3 |
13.9 | |||||
| 1573.0 | 3.0 | 0 .0 |
12.0 | 14.8 | 9 .17 |
13.2 | |||||
| 1603.0 | 7.0 | 8 .5 |
1.2 | 2.1 | 2 .12 |
9.8 | |||||
| 1666.0 | 2.0 | 0 .0 |
4.8 | 6.3 | 5 .27 |
5.2 | |||||
| 1690.0 | 1.0 | 0 .0 |
12.0 | 13.0 | 0 .06 |
13.1 | |||||
| 1697.0 | 2.0 | 0 .0 |
26.4 | 22.0 | 0 .35 |
28.6 | |||||
| DD86SS03 | 425045 | 1258.0 | 1.0 | 8 .8 |
2.6 | 20.0 | 0 .33 |
12.1 | |||
| 1382.0 | 11.0 | 5 .1 |
3.3 | 33.4 | 5 .85 |
9.6 | |||||
| 1610.0 | 1.0 | 0 .0 |
8.0 | 33.5 | 2 7.5 |
9.5 | |||||
| 7875850 | 100 | 1724 | 1622.0 | 3.0 | 0 .0 |
4.8 | 12.8 | 3 2.3 |
5.5 | ||
| 1627.0 | 4.0 | 0 .0 |
4.9 | 19.9 | 38 .75 |
5.9 | |||||
| 1643.0 | 6.0 | 0 .1 |
5.4 | 24.8 | 34 .87 |
6.6 | |||||
| DD89SS14 | 428706 | 1424.0 | 2.5 | 5 .1 |
2.3 | 15.2 | 7 .37 |
8.0 | |||
| 1458.0 | 1.0 | 0 .0 |
15.9 | 27.5 | 11 .12 |
17.7 | |||||
| 1471.0 | 15.5 | 0 .6 |
17.3 | 62.8 | 1 .51 |
20.9 | |||||
| 7874442 | 96 | 1620 | 1494.5 | 5.0 | 0 .0 |
9.8 | 45.7 | 16 .53 |
11.7 | ||
| 1501.0 | 2.0 | 0 .0 |
5.6 | 22.0 | 13 .99 |
6.6 | |||||
| 1505.5 | 2.5 | 0 .0 |
5.6 | 21.4 | 2 2.7 |
6.6 | |||||
| 1516.0 | 2.0 | 0 .0 |
4.8 | 15.5 | 23 .33 |
5.5 | |||||
| DD89SS15 | 428339 | 1326.0 | 1.0 | 2 .4 |
5.8 | 75.0 | 4 | 10.8 | |||
| 1343.5 | 1.4 | 4 .9 |
0.9 | 22.5 | 0 .25 |
6.5 | |||||
| 1348.5 | 2.5 | 7 .5 |
2.5 | 25.0 | 2 .28 |
10.9 | |||||
| 1357.0 | 8.0 | 6 .0 |
1.5 | 26.9 | 3 .24 |
8.4 | |||||
| 7874789 | 104 | 1639 | 1366.0 | 4.5 | 5 .2 |
2.9 | 30.6 | 14 .17 |
9.2 | ||
| 1372.0 | 4.0 | 1 .0 |
8.0 | 25.6 | 11 .87 |
10.2 | |||||
| 1578.0 | 1.0 | 0 .0 |
9.5 | 22.5 | 7 .03 |
10.7 | |||||
| 1605.0 | 2.0 | 5 .4 |
0.0 | 3.0 | 1 8.1 |
5.5 | |||||
| 1619.0 | 5.0 | 0 .1 |
7.0 | 19.1 | 3 4.8 |
8.0 | |||||
| DD89SS16 | 429498 | 7874511 | 94 | 1508 | 1349.0 | 5.0 | 6 .1 |
1.3 | 33.3 | 4 .4 |
8.4 |
NB Holes n ot reported did not contain intersections e x ceeding the c a lculation threshold
Zinc eq u ivalent (Zn E q) calculati o n parameters are presented in Table 2. The m e tallurgical r e coveries are derived from m etallurgical testwork c o mpleted in 2010. It is PLD’s opini o n that all e lements include d in the met a l equivalent calculation have a reas o nable pote n tial to be recovered an d sold. The calculation for m ula is ZnEq = Zn+1.06Pb+0.03Ag
Suite 6, 245 Churchill Avenue S ubiaco WA 600 8 PO Box 1273 S ubiaco WA 690 4 Phone: +61 8 9 217 3300 | Fax: +61 8 9388 300 6
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Table 2 Zinc Equivalence Parameters
| Met al |
Metal Price US$ |
Price in A units US$ ssay |
Con Re centrate covery % |
Con Re centrate covery % |
Recovere Unit Pricin US$ d g |
Z Fa nEq ctor1 |
|---|---|---|---|---|---|---|
| Zin c |
1.00/lb | 22.04pe r % |
90 | 19.84 | 1.0 | |
| Lea d |
1.00/lb | 22.04pe r % |
95 | 20.94 | 1 .06 |
|
| Silv er |
19/oz | 0.61per ppm |
95 | 0.58 | 0 .03 |
|
| 1 | Appro ximating to he ad grade |
FOR MORE INFORMATION:
Matt Gauci Managing Director T: +61 417 417 907
David Tasker Professional Public Relations T: +61 8 9388 0944
Competent Person Statement
The Aus t ralasian Co d e for Repo r ting of Expl o ration Results, Mineral Resources and Ore Res e rves (the ‘JORC C o de’) sets o u t minimum standards, recommend a tions and g uidelines for Public Re p orting in Australa s ia of Explor a tion Results , Mineral Re s ources and O re Reserves. The Inform a tion contai n ed in this announ c ement has b een presen t ed in accor d ance with t he JORC Code and refe r ences to “ M easured, Indicate d and Inferre d Resources ” are to thos e terms as de f ined in the JORC Code.
The info r mation in t h is report that relates to G eology and Exploration R esults is ba s ed, and fairl y reflects, informa t ion compile d by Mr Gr a ham Jeffres s RPGeo, w h o is a Me m ber of the A ustralian In s titute of Geoscie n tists. Mr Jef f ress is empl o yed by CSA Global Pty L t d, independent resourc e industry co n sultants. Dr Dorli n g has suffic i ent experie n ce which is relevant to t he style of m ineralisatio n and type o f deposit under c o nsideration and to the activity whi c h he is und e rtaking to q ualify as a C ompetent P erson as defined in the 2012 Edition of the ‘Austral a sian Code f or Reportin g of Explor a tion Results , Mineral Resourc e s and Ore R e serves’. Mr Jeffress con s ents to the i nclusion in the report of the matters based on his infor m ation in th e form and c o ntext in whi c h it appears.
All parti e s have con s ented to th e inclusion o f their wor k for the purposes of thi s announce m ent. The interpre t ations and c o nclusions r e ached in thi s report are b ased on cur r ent geological theory an d the best evidenc e available t o the author s at the time of writing. I t is the nature of all scie n tific conclu s ions that they are founded on an assessm e nt of proba b ilities and, however high these probabilities migh t be, they make n o claim for a bsolute cer t ainty. Any e conomic de c isions whic h might be t aken on th e basis of interpre t ations or co n clusions co n tained in thi s report will t herefore ca r ry an eleme n t of risk.
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 1 | JO RC Code explanatio n |
Commentary |
|---|---|---|
| Section 1 Sampling Data Techniques and |
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| Sampling technique s |
Na ch sp to inv so Th lim ture and quality of annels, random ch ecialised industry stan ols appropriate tot estigation, such asd ndes, or handheld XRF ese examples should iting the broad meani sampling (e.g. cut ips, or specific dard measurement he minerals under own hole gamma instruments, etc.). not be taken as ng of sampling. |
The deposit was sam by Kagara Ltd. A tota drillholes were vertica pled using diamond co l of 21 surface diamo l. re drilling (DD) over se nd drillholes were us veral drilling campaign ed for the resourcee s undertaken by CRA stimation, of which 1 Exploration Pty Ltd and 1 drilled by Kagara.A ll |
| Inc en ap to lude reference tom sure sample repres propriate calibrationo ols or systems used. easures taken to entivity and the f any measurement |
CRAE drillhole co collar could be lo the drillholes (±1 The Kagara drillh ABRD002, ABRD0 RLs for the unsur is estimated that The CRAE drillho with no assigned being 88 degrees Kagara drillholes ooollar locations were rec cated, the rehabilitate 0m) and also the surfa oles were sited usinga 03, ABRD005, and AB veyed holes have been these RLs are within1 les were surveyed eve azimuth. Because oft . were surveyed downh As part of a larger geo magnetic deviation to The second phase ofs part of this survey, th the gyro. A compariso the validity of the mag The thirdphase of sur orded from the CRAEe d drillhole pads weree ce RL values (±1m). handheld GPS (appro RD010 had been accur estimated based ont .5m of the true RL. ry 50‐100m using a sin he lack of azimuth data ole in three phases. physical logging exerc ol. urveys was completed e diamond tail of hole n of both surveys reve netic deviation survey veys was completed b xploration reports and asily located. This surv ximate error ± 5m). At ately surveyed by licen he surveyed holes and gle shot survey tool wh , the CRAE drillholesw ise, downhole surveys by Scientific Drilling In ABRD009 was surveyed als only minimal variat s. yDownhole Surveys of checked by Survey No ey confirmed the app the time of writing dri sed surveyors, Survey ground control provid ich recorded the devia ere assumed to be ve were completed by We ternational using a Ke using both the magne ion in the northing coo Kalgoorlie usinga SPT rth. Although only one roximate locations of llholes ABRD001, North using DGPS. The ed by Survey North. It tion from vertical only rtical, with average dip atherford using a eper Gyro System. As tic deviation tool and rdinate and confirms north–seeking gyro |
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| As mi Pu sta pects of the neralisation that are blic Report. In case ndard’ work has been determination of Material to the s where ‘industry done this would be |
Sample collect For Kagara dril oion procedures for CRA lholes The mud rotary pre samples were not E core are not docum collars were collected analysed ented as 10m composite sam ples by the contractm ud loggers. These |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 1 | JO RC Code explanatio n |
Commentary |
|---|---|---|
| rel dr fro 30 mo wh sa mi no inf atively simple (e.g. illing was used to ob m which 3 kg was pulv g charge for fire ass re explanation mayb ere there is coarse go mpling problems. Unus neralisation types dules) may warrant di ormation. ‘reverse circulation tain 1 m samples erised to produce a ay’). In other cases e required, such as ld that has inherent ual commodities or (e.g. submarine sclosure of detailed |
oooo Sample prepar For Kagara dril o CRAE samples hydrofluoric ac XRF (pressedp Kagara sample ICP40Q (4 acid The diamond core Core or Metrem RQD, ge Photog Geologi Specific Samplin The entire lengtho The HQ core was s The core was routi ation procedures forC lholes: The samples prepa pulverised to 90% were processed by An id digest with AAS fini owder XRF; Fusion (Fu s were processed by S digest with ICPOES fin was processed system ientation based on a n arks and recoveries. otechnical and magne raphs (dry and wet). cal and structural logg gravity measurements g. f the drill core was sam ampled as quarter core nely sampled on 1m in RAE samples are notd ration process used w passing 75µm alabs and utilised thep sh); 104‐AAS (perchlor sion/Specific ion elect GS Mineral Services an ish);CSA06V(Leco ana atically conforming to ominal “cut line”. tic susceptibility. ing. (20m above the mine pled. , and the NQ (ABRD00 tervals, with a minimu ocumented as PRP88 whereby upt rocesses – 103‐AAS (p ic, nitric, hydrochloric rode) d utilised the processe lyser). the following routine: ralised interval and 10 1 – partial) as half core m interval of 0.25m o 3.5kg of sample is dr erchloric, nitric, hydro and hydrofluoric acidd s – AAS43B (4 acid dig m below). ied, crushed, then chloric and igest with AAS finish); estion with AAS finish) ; |
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| Drilling techniques | Dr op Ba dia dia typ wh ill type (e.g. core, en‐hole hammer, rota ngka, sonic, etc.) and meter, triple or stand mond tails, face‐sam e, whether core is or at method, etc.). reverse circulation, ry air blast, auger, details (e.g. core ard tube, depth of pling bit or other iented and if so, by |
The deposit wa completed by Kagara. Kagara 2007‐0 of up to 1,515 sections, 150m oos sampled using Diam Kagara Ltd. A total of2 8 drilling programmec m for a total of 13,137 apart. The drilling com Precollars drilled with (ADS) utilising a Krem HQ core tails drilledw 1,500m – by Boart Lon ond Drilling (DD) over 1 surface diamond dri omprised 10 mud rota .1 rotary and 3,608mo prised two elements: a rotary mud rig to de co K‐600‐T rig; and ith a diamond core dri gyear (BL) utilising aU several drilling campai llholes were used for t ry/core holes and one f diamond drilling. Hol pths of between 1,200 lling rig to extend each DR 1500 rig. gns. The latest drilling he resource estimation incomplete pre‐collar es were drilled on nom ‐1300m – by Australia hole to a total depth campaign was , of which 11 drilled by hole drilled to depths inally 400m spaced n Drilling Services of approximately |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 1 | JO RC Code explanatio n |
Commentary |
|---|---|---|
| Drill Sample Recove ry |
M ch ethod of recording and ip sample recoveries an assessing core and d results assessed. |
All drilling byK used in hole A recoveries of9 agara through the min BRD001. Logged corer 9% of cored portionso eralised zones utilised ecovery is only availab f the drillholes. predominantly HQ dia le for the Kagara drillh mond core, with excep oles. The data indicate tion being NQ core s excellent average |
| M re of easures taken to covery and ensure rep the samples. maximise sample resentative nature |
Diamond core w on the core bloc ooooooas reconstructed intoc ks. Additionally the dia Metre marks and reco RQD, geotechnical an Photographs (dry and Geological and structu Specific gravity measu Sampling ontinuous runs for ori mond core was proces veries. d magnetic susceptibil wet). ral logging. rements (20m abovet entation marking, dept sed systematically con ity. he mineralised interva hs being checked agai forming to the followin l and 10m below). nst the depth marked g routine. |
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| W sa sa pr ma hether a relationshi mple recovery andg mple bias may have eferential loss/gain terial. p exists between rade and whether occurred due to of fine/coarse |
Sample Recove bias is not con ry is generally very hig sidered material at this h (99%) within the mi stage of resource dev neralised zones. No sig elopment. nificant bias is expecte d, and any potential |
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| Logging | W ge lev M an hether core and chip ologically and geotech el of detail to su ineral Resource estima d metallurgical studies samples have been nically logged to a pport appropriate tion, mining studies |
Diamond core orientation are DMP core libra The level of ge construct a ba was geotechnically log recorded in the datab ry. ological logging is not sic resource model. Fu ged for recovery andR ase. Kagara core is sto fully documented; how ll wireline log suites ar QD for Kagara drillhol red in Broome for futu ever, the drillhole dat e available for all drillh es. Information on stru re reference; CRAE ho abase contains adequa oles cture type and les are stored in the te geological detail to |
| W qu ch hether logging is antitative in nature. annel, etc.) photograp qualitative or Core (or costean, hy |
Detailed qualit photographyo ative logs of lithology f earlier CRAE core wa and mineralisation are s not available for this available. Additionally work). all core was photogra phed (though some |
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| Th rel e total length and evant intersections log percentage of the ged. |
All drill core w as logged in full; summ ary chip logs of the rot ary mud sections of th e holes are also availa ble. |
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| Sub‐sampling te chniques and |
If core, whether cut or sawn and whether |
For CRAE core one third core was sam pled |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 1 | JO RC Code explanatio n |
Commentary |
|---|---|---|
| sample preparation | qu arter, half or all core ta ken. |
For Kagara dril (ABRD001 – pa lholes the entire lengt rtial) as half core. h of the drillcore wass ampled. The HQ corew as sampled as quarte r core, and the NQ |
| If ro or non‐core, whether riff tary split, etc. and wh dry. led, tube sampled, ether sampled wet |
10m composit es of rotary mud chips were collected. |
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| Fo ap te r all sample types, the propriateness of the chnique. nature, quality and sample preparation |
Sample prepar For Kagara sam oation procedures forC ples: The samples preparat pulverised to 90%pas RAE samples are notd ion process used wasP sing75µm ocumented. RP88 whereby up to3 .5kg of sample is dried , crushed, then |
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| Qu su rep ality control procedu b‐sampling stages resentivity of samples res adopted for all to maximise . |
No QA/QC dat submitted with Most QA/QCd covers only Ba Blanks oo Standards oo Coarse rejectd oo Pulp Duplicate oo Repeat Assays o Repeat Assays oa for CRAE is documen the lab batches thoug ata pertains to Kagara and Sr assays. Appare Kagara – no blank sam Laboratory – Genalysi approximate detectio Kagara – One standar Laboratory – Genalysi Only Ba and Sr assaya uplicates Kagara – not submitte Laboratory – not subm s Kagara – not submitte Laboratory – not subm (same pulp) Laboratory – Genalysi original samples (AAS Respray) Laboratory‐ Genalysis ted; discussions with t h selected duplicatec ’s samples submittedt nt lack of review of Pb, ples submitted s assayed 34 control b n limits of the assays.N d was included for eve s analysed approximat re referenced, with no d itted d itted s documented that 30 documented that 44p he rig geologists at the ore was submitted. o Genalysis. Genalysis Zn, Cu, and Ag results lanks. Genalysis review o details of Pb, Zn, Cu ry 25 samples in the sa ely 47 standard sample details on any analyse pulp repeats were ana ulprepeats were anal time reveal that no st QA/QC documentation is a major omission. of Ba and Sr assays of and Ag results are giv mple run. Kagara used s comprising 3 differe s for Pb, Zn, Cu and Ag lysed – re‐assayed ata ysed – re‐assayed at th andards or blanks were (Genalysis, 2008) blank material at the en. Gannet standards. nt reference materials elements. later time than the e same time as the . |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 1 | JO RC Code explanatio n |
Commentary |
|---|---|---|
| Umpire and Ch Kagara or CRA original samples. eck Assaying – No rou E. 50pulpsamples from tine assaying of selecte CRAE core were re‐a d samples through an ssayed byKagara using umpire laboratory wa Australian Laboratory s completed either by Services(ALS). |
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| M is co fie easures taken to ensur representative of th llected, including for ld duplicate/second‐ha e that the sampling e in situ material instance results for lf sampling. |
The entire leng The HQ corew The core wasr The mud rotar analysed th of the drill core wa as sampled as quarter outinely sampled on1 y precollars were colle s sampled. core, and the NQ (ABR m intervals, with a min cted as 10m composite D001 – partial) as half imum interval of 0.25m samples by the contr core act mud loggers. These samples were not |
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| W gr hether sample sizes ar ain size of the material e appropriate to the being sampled. |
Sample sizes a thickness and elements. re considered to be ap consistency of the inte propriate to accurately rsections, the sampling represent the minera methodology and the lisation at Admiral Bay percent value assay r based on the anges for the primary |
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| Quality of assay dat tests a and laboratory |
Th th us co e nature, quality and e assaying and labo ed and whether nsidered partial or tota appropriateness of ratory procedures the technique is l. |
CRAE samples hydrofluoric ac digest with AA Kagara sample for Cu, Fe, Pb, DP/OES specif were processed by An id digest with AAS fini S finish) for Ca, Mg; XR s were processed by S Zn; ICP40Q (4 acid dige ic fusion with OES finis alabs and utilised thep sh) for Cu, Fe, Pb, Zn,A F (pressed powder XR GS Mineral Services an st with ICPOES finish) h) for Ba and Sr. rocesses – 103‐AAS (p g; 104‐AAS (perchloric F for Ba, Sr; Fusion (Fus d utilised the processe for Ag, Ca, Mg, As, Bi,C erchloric, nitric, hydro , nitric, hydrochloric a ion/Specific ion electr s – AAS43B (4 acid dig o Cd, Sb; CSA06V (Lec chloric and nd hydrofluoric acid ode) for F estion with AAS finish) o analyser) for S; |
| Fo ha pa inc re an r geophysical too ndheld XRF instru rameters used in dete luding instrumentm ading times, calibrati d their derivation, etc. ls, spectrometers, ments, etc., the rmining the analysis ake and model, ons factors applied |
A Wireline suit collected from e comprising gamma, all drill holes calliper, density, neutr on, resistivity, SP, temp erature, sonic and ma gnetic deviation was |
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| Na ad ex ac bia ture of quality c opted (e.g. standards, ternal laboratory che ceptable levels of ac s) and precision have ontrol procedures blanks, duplicates, cks) and whether curacy (i.e. lack of been established. |
Field QAQC pr included a limi No external lab acceptable lev ocedures included the ted number of field du oratory checks werep els of accuracy and pre insertion of commerci plicates of ¼ core. erformed on samples. cision. al standards (one stand Assay results have be ard for every 25 samp en generally satisfacto les) by Kagara; CRAE ry demonstrating |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 1 | JO RC Code explanatio n |
Commentary |
|---|---|---|
| Verification of assaying sampling and |
Th by co e verification of sign either independen mpany personnel. ificant intersections t or alternative |
No physical co (SS02, SS14, SS re was inspected by CS 22, SS24) and all holes A; however, CSA wasp drilled by Kagara. rovided by high qualit y photographs of thec ore for CRAE holes |
| Th e use of twinned holes . |
Only one hole ABRD011D2w has been twinned, byw as reasonable edging, due the dept h and cost of the holes . Repeatability betwee n ABRD011 and |
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| Do pr (ph cumentation of prima ocedures, data verific ysical and electronic) ry data, data entry ation, data storage protocols. |
All core was lo gged then data was se nt for validation and st orage into a relational database. |
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| Dis cuss any adjustmentt o assay data |
No adjustment s were made |
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| Location of data poi nts |
Ac loc su loc es curacy and qualityo ate drill holes (coll rveys), trenches, mine ations used in timation. f surveys used to ar and down‐hole workings and other Mineral Resource |
CRAE drillhole one collar cou locations of th The Kagara dri ABRD002, ABR The RLs for the North. It is est The CRAE drillh only with no a Kagara drillhol oo The thirdphas collar locations werer ld be located, the reha e drillholes (±10m) and llholes were sited usin D003, ABRD005, andA unsurveyed holes hav imated that these RLsa oles were surveyed ev ssigned azimuth. Becau es were downhole surv As part of a larger geo magnetic deviation to The second phase ofs part of this survey, th the gyro. A compariso the validity of the mag e of surveys was comp ecorded from the CRA bilitated drillhole pads also the surface RL va g a handheld GPS (app BRD010 had been acc e been estimated base re within 1.5m of the ery 50‐100m using as se of the lack of azimu eyed in 3 phases. physical logging exerc ol. urveys was completed e diamond tail of hole n of both surveys reve netic deviation survey leted byDownhole Su E exploration reportsa were easily located. T lues (±1m). roximate error ± 5m).A urately surveyed by lic d on the surveyed hol true RL. ingle shot survey toolw th data, the CRAE dril ise, downhole surveys by Scientific Drilling In ABRD009 was surveyed als only minimal variat s. rveys of Kalgoorlie usin nd checked by Survey his survey confirmed th t the time of writingd ensed surveyors, Surve es and ground control hich recorded the de lholes were assumed to were completed by We ternational using a Ke using both the magne ion in the northing coo ga SPT north–seeking North. Although only e approximate rillholes ABRD001, y North using DGPS. provided by Survey viation from vertical be vertical. atherford using a eper Gyro System. As tic deviation tool and rdinate and confirms gyro tool |
| Sp ecification of the grids ystem used. |
The grid system Earlier CRAEw is GDA94 Zone 51 ork used AGD84 Zone 51,but Kagara convert ed all data to GDA94 |
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| Qu ality and adequac y of topographic |
All collar locat ions have beenpicked upbymeans of DGPS. Apart from drillhole co llar surveys,surveyde finition of surface |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 1 | JO RC Code explanatio n |
Commentary |
|---|---|---|
| co ntrol. |
topography wa s not essential as a co nstraint for the top of the resource model giv en the depth of them ineralisation. |
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| Data spacing and di stribution |
Da Re ta spacing for repor sults. ting of Exploration |
Kagara drillhol horizon within es were drilled on nom M4/249 inally 400m spaced se ctions, 150m apart. Th is tested the entire 2.7 km mineralized |
| W suf ge for es ap hether the data spacin ficient to establish ological and grade con the Mineral Resourc timation procedure(s) plied. g and distribution is the degree of tinuity appropriate e and Ore Reserve and classifications |
The data spaci Geological evid Lithological pa continuity Grade continu It is considered support the de ng and distribution isv ence is sufficient to im ckages hosting the min ity is less well establish that available data is finition of Inferred Mi ery limited ply but verify geologic eralisation are discern ed and given the natu sufficient to demonstr neral Resources under al continuity ible on seismic imager re of MVT‐style minera ate spatial and gradec the 2012 JORC code. y and provide evidence lisation is expected to ontinuity of the miner of geological be complex alised horizon to |
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| W ap hether sample comp plied. ositing has been |
The mud rotar analysed y precollars were colle cted as 10m composite samples by the contr act mud loggers. These samples were not |
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| Orientation of dat geological structure a in relation to |
W ac str kn hether the orienta hieves unbiased sam uctures and the exte own, considering thed tion of sampling pling of possible nt to which this is eposit type. |
Kagara drillhol 2.7km mineral es were drilled on nom ized horizon within M4 inally 400m spaced se /249 ctions, 150m apart, pe rpendicular to strike.T his tested the entire |
| If or mi int as the relationship be ientation and theo neralised structures is roduced a samplingb sessed and reported if tween the drilling rientation of key considered to have ias, this should be material. |
Diamond drilli zones. ng confirmed that drill ing orientation did not introduce any bias reg arding the orientation of the mineralised |
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| Sample Security | Th se e measures taken curity. to ensure sample |
No informatio Perth. n available; it is assume d that both CRAE and Kagara organised deliv ery of samples directly to the laboratory in |
| Audits or reviews | Th sa e results of any au mpling techniques and dits or reviews of data. |
In general, dril surveys for no resource classi lhole data was compile n‐Kagara drillholes sug fication categories Ind d to industry standard gests to remove these icated and Measureda . Lack of documentatio holes from the future pplied. n, QA/QC data, and co resource estimationsw mplete downhole here the higher |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 1 | JO RC Code explanatio n |
JO RC Code explanatio n |
Commentary | Commentary | Commentary |
|---|---|---|---|---|---|
| No detailed va lidation of the assay da ta against laboratory certificates was comple ted. |
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| Criteria Section 2 | JORC Code explan ation |
Commentary | |||
| Section 2 Reporting of Exploration Result s |
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| Mineral tenementa nd land tenure status |
Type, referencen and ownership in material issues wi joint ventures,p royalties, nativet sites, wilderness environmental set ame/number, locatio cluding agreementso th third parties sucha artnerships, overridin itle interests, historic or national park an tings. n r s g al d |
The Admir 140km sou The Admir 20/3/2033 The Comp combinati cash andc The tenem KarajarriP al Bay Project is locate th of Broome, Wester al Bay deposit is locate and one granted Expl any has signed an agre on of cash and shares, onvertible notes anda ent is located whollyw eople(Area A) d in the central Cannin n Australia. d within two granted oration Licence (EL04/ ement with Kagara Ltd including $30,000 cash 1.5% NSR to acquire1 ithin Vacant Crown La g Basin, on the southe Mining Leases (ML04/2 1610), which is valid un (in Liquidation) to acq for an exclusive three 00%, with a further $6 nd and is covered byt rn edge of the Kimber 44 and ML04/249), wh til 3/9/2017. uire the Admiral BayP month Due Diligence ,000,000 in various mi he Native Title Determ ley region some ich are valid until roject, via a Period, $1,000,000 in lestone payments. ined Area of the |
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| The security of the of reporting alo impediments to operate in the area tenure held at the tim ng with any know obtaining a licence . e n to |
The minim The tenem um annual expenditur ents are in good stand e commitment is $248 ing with the WA Depa ,100 and annual rents rtment of Mines andP are $46,910. etroleum (DMP). |
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| Exploration done by other parties |
Acknowledgment exploration by oth and appraisal er parties. of |
The Admir acquiredb exploratio exploratio project. Ka Past work al Bay deposit was disc y CRA Exploration (the n from 1986 to 1992.K n programme that lead gara Ltd entered into has been of a high stan overed in 1981 by Me exploration arm of CR agara Ltd acquired the to an initial InferredR Administration in 2012 dard and suitable for ridian Oil NL during pe A Limited, now Rio Tin deposit from CRA Exp esource, as well as ap and subsequently Liq resource estimation. troleum exploration,a to Ltd), who undertoo loration in 2004 and c re‐feasibility study to uidation in 2013. nd was subsequently k substantial ompleted an test the viability of the |
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| Geology | Deposit type, geol of mineralisation. ogical setting and sty le |
Admiral Ba Canning B Admiral Ba and, to a l nominally y lies within the Admi asin. y is carbonate‐hosted esser degree, in the Ca the deposit is classified ral Bay Fault Zone, whi zinc‐lead‐silver‐barium rribuddy and Goldwye as a Mississippi Valle ch separates the Broo deposit, with minera r Formations, over am yType deposit(MVT). me Platform and Willa lisation hosted mainly ineralised strike exten ra Sub‐basin of the in the Nita Formation t of at least 18km; |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 2 | JORC Code explan ation |
Commentary | |
|---|---|---|---|
| Admiral Ba MVT more ratio of m Within the into 2–10m The stratig thick), whi zinc‐rich z Sulphides Previousd up to 15m to 110‐120 In general Ordovician associated y does not appear tob like Reocin or Polaris, ineralised hits in the dr project area, the surfa high dunes towardst raphy is comprised of ch overlies a variablyd one and a lower lead‐r infill dissolution, brecc rilling indicates that th thick. The high‐grade m thick. , base metal mineralisa ‐age Nita and Goldwy with calcareous rocks e a typical mid‐contin rather than the more illing is actually very h ce geology is dominat he southeast. a thick sequence of Cr olomitised siltstone/s ich zone of mineralizat ia and fracture porosit e upper high‐grade Zn zones described above tion occurs in the lowe er Formations over dep ,commonlywith appre ental MVT. Rather it ap ‘poddy’ Goongewa or igh for this style of min ed by Quaternary Aeo etaceous‐Jurassic‐Perm hale/limestone – theN ion. y and overprint stylolit ‐rich zone is up to 20m are hosted within a br r parts of the Siluro‐D ths of around 1,250m ciable barite. pears to be a large an mid‐continental US or eralisation. lian sand. Sand sheets ian sandstones/siltsto ita Formation – which es thick, whilst the lowe oad, moderately Zn‐Pb evonian Caribuddy For to 1,700m. Mineralisa d strongly focused Polish‐style MVTs. The in the northwest grade nes (up to 1,200m is host to an upper r high‐grade Pb zone is mineralised, zone up mation and the tion is most typically |
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| Drillhole informatio n |
A summary of all the understandin results including following informat holes: information material g of the exploratio a tabulation of th ion for all Material dr to n e ill |
See Tables1 and 2, presented inA ppendix 1 |
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| Data aggregationm ethods |
In reporting weighting ave maximum and/ truncations (e.g. and cut‐off grade and should be stat Exploration Result raging technique or minimum grad cutting of high grade s are usually Materi ed. s, s, e s) al |
Result No top For tre s were weighted by sa or bottom cuts were atment of data used in mple intervals applied the resource estimat ion see Section 3 below |
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| Where aggregate short lengths of longer lengths of procedure used should be state examples of such intercepts incorpora high grade results an low grade results, th for such aggregatio d and some typic aggregations shouldb te d e n al e |
Intersection including up s are length weighted to 2m of internal was average grades for zon te es wider than or equa l to 2m and greater tha n 2% Zn or Pb, |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 2 | JORC Code explan ation |
Commentary | |
|---|---|---|---|
| shown in detail. | |||
| The assumptionsu metal equivalent stated. sed for any reporting values should be clear of ly |
Zinc Equivalen Based on Oc US$2034.26 Metallurgica a Ag recove thresholdsm After review zinc, lead an t calculated as ZnE tober 2014 monthlym /tonne for Pb l testwork has predict ry of 50% was selected ean the significanceo of the historical meta d silver to be recovere q=0.9Zn+0.85Pb+ etal prices as listed in ed recoveries in excess (however it should be f silver is minor). llurgical testwork it ist d and sold. 0.01Ag www.indexmundi.com of 95% for Pb, 90% fo noted that the highly he Company’s opinion of US$2276.83/tonne r Zn and from 46–54% variable grades Ag and that there is a reason for Zn and for Ag; consequently unknown smelter able potential for both* |
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| Relationship bet widths and intercep ween mineralisation t lengths |
These relationsh important in ther Results. If the mineralisation wi hole angle is know reported. If it isn down hole length should be a clear (e.g. ‘down hole known’). ips are particular eporting of Exploratio geometry of th th respect to the dr n, its nature shouldb ot known and only th s are reported, the statement to this effe length, true width no ly n e ill e e re ct t |
The minera 1,350m belo Mineralisati lised zones at Admiral w the surface. on is generally interse Bay are approximately cted with near true wid tabular and flat lyingt th down hole lengths. o shallowly dipping, at a nominal depth of |
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| Diagrams | Appropriate map scales) and tab should be includ discovery being include, but not b of drill hole appropriate sectio s and sections (wi ulations of intercep ed for any significan reported These shou e limited to a plan vie collar locations an nal views. th ts t ld w d |
Refer to Fig ures in the body of the report |
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| Balanced reporting | Where comprehe Exploration Resul nsive reporting ofa ts is not practicabl ll e, |
Results from all drill holes withint he project tenementsa re reported |
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Suite 6, 2 4 5 Churchill Avenue S u biaco WA 6008 PO Box 1273 S u biaco WA 6904 Phone: +61 8 9217 3300 | Fax: + 61 8 9388 3006
| Criteria Section 2 | JORC Code explan ation |
Commentary | |
|---|---|---|---|
| representative rep high grades and practiced to avoid Exploration Result orting of both low an /or widths shouldb misleading reporting s. d e of |
The table of regional hol drill intersections abo es are reported ve includes some isola ted regional holes with that intersected mine ralisation but not all |
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| Other substantivee xploration data |
Other exploration material, should (but not limi observations; geo geochemical surve – size and m metallurgical test groundwater, ge characteristics; p contaminating sub data, if meaningful an be reported includin ted to): geologic physical survey result y results; bulk sample ethod of treatmen results; bulk densit otechnical and roc otential deleteriouso stances. d g al s; s t; y, k r |
Wireline logg sonic and ma Extensive 2D available for Metallurgica ing suites comprising gnetic deviation area seismic data both fro the project area. l, geotechnical, hydrog gamma, calliper, densi vailable for all drill hol m dedicated surveys at eological and minings ty, neutron, resistivity, es. Admiral Bay and from tudies have been com self‐potential, temper regional petroleum ex pleted on the project. ature, compensated ploration work are |
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| Further work | The nature ands work (e.g. testsf depth extensions drilling). cale of planned furth or lateral extensionso or large‐scale step‐o er r ut |
PLD aims to at AdmiralB advancing th design exploration and ay. Work to increase th e project. Planned wo resource evaluationp e understanding of th rk includes additionald rogrammes to test the e continuity of geology rilling as well as applic controls on and conti and mineralisation ar ation of suitable geop nuity of mineralisation e fundamental to hysical techniques. |
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| Diagrams clearlyh possible extension geological interp drilling areas, prov not commerciallys ighlighting the areas s, including the ma retations and futu ided this information ensitive. of in re is |
Work is noty mineralisatio et sufficiently advance n. d to enable delineatio n of new target areas and zones of potential extensions to |