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ARIKA RESOURCES LIMITED Capital/Financing Update 2020

Jan 20, 2020

64420_rns_2020-01-20_f3f48fdc-987e-479c-8fcb-764c0733f074.pdf

Capital/Financing Update

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ASX RELEASE: 21 January 2020

Metalicity Reports Drill Hole Intercepts Up To 80 g/t Au & Additional Tenement Acquisition for Kookynie

DRILLING HIGHLIGHTS

  • Drilling continues to highlight the high-grade nature of mineralisation at the Kookynie Gold Project, highlight intercepts are:

  • McTavish:

    • McTRC0005 – 5 metres @ 17.9 g/t Au from 48 metres, inc. 1 metre @ 80.17 g/t Au from 51 metres.
  • Leipold:

    • LPRC0003 – 6 metres @ 9.4 g/t Au from 26metres, inc. 2metres @ 19g/t Au from 26metres.
  • Champion:

    • CPRC0004 – 2 metres @ 25.2 g/t Au from 28 metres to end of hole, inc. 1 metre @ 42 g/t Au from 28 metres,
  • All drill holes intersected the target structure or mineralisation and demonstrates very shallow and high-grade nature of the gold mineralisation.

TENEMENT ACQUISITION HIGHLIGHT

  • Significant acquisition of an additional 3,300 hectares within the prolific Kookynie-Niagara Trend.

  • Land holding now doubled at the Kookynie Gold Project to over 7,000 hectares.

  • Acquired tenure demonstrates similar geophysical signatures to the prolific Niagara Trend under thin alluvial cover.

  • Historical, turn of the century site produced 40 tonnes at 12 g/t Au with little to no historical exploration in the area.

Metalicity Limited (ASX: MCT) (“ MCT ” or “ Company ”) is pleased to announce the return of significant intercepts from December 2019 drilling programme confirming mineralisation extends past previously developed and drilled areas for the Kookynie Gold Project (please refer to ASX Announcement “ Metalicity Farms Into Prolific Kookynie & Yundamindra Gold Projects, WA” dated 6[th] May 2019 with Nex Metals Explorations Ltd, ASX:NME) in the Eastern Goldfields, Western Australia. Furthermore, through strategic observations of tenement activity in the area, the Company moved to acquire a significant land parcel through pegging approximately 3,300 hectares of available ground within the prolific Kookynie-Niagara Trend.

Commenting on the drilling results and tenement acquisition, Metalicity Managing Director, Jason Livingstone said:

“I am extremely pleased to start 2020 with such spectacular drill hole results, especially receiving assays up to 80 g/t gold. With our three drilling programmes to date, we have managed to intersect the mineralised structure at all prospects, with every drill hole and continue to illustrate that the Kookynie Gold Project has the potential to be a prolific gold Project. These results are also very shallow, which if converted to resources and reserves, could be potentially open pittable.”

“Furthermore, we are very active on the consolidation front at the Kookynie Gold Project. Since entering into the farm-in agreement with our partners, Nex Metals Exploration Ltd, we have increased our land

Metalicity Limited ASX Code: MCT ABN: 92 086 839 992

www.metalicity.com.au Level 3, 30 Richardson Street West Perth WA 6005

holding through further strategic farm in agreements and tenement pegging exercises. Originally, the deal with Nex encompassed just over 2,400 hectares. We acknowledged that one aspect of the Kookynie area that has hampered historical exploration is the fractured ownership of tenure in the region. Since then, we have tripled our land holding with our recent tenement acquisition through tenement pegging to just over 7,000 hectares of exceptionally prospective ground.”

“We, Metalicity and Nex Metals, are making great headway in our land consolidation efforts and coupled with our exploration and development programmes which are well poised to deliver value for our shareholders. We are clearly demonstrating that the Kookynie Gold Project could well be considered a gold province within the Eastern Goldfields of Western Australia.”

Tenement Acquisition

Through our monitoring of competitor activity within the Kookynie area, we identified that this area was due for renewal. This ground was not renewed and therefore we subsequently used the Department of Mines, Industry Regulation and Safety tenement application process to acquire this ground. The exploration license is host to a historical production site named “Wandin”, that during 1903, produced 40 tonnes at an average head grade of 12 g/t Au (reference MINEDEX – https://minedex.dmirs.wa.gov.au/Web/sites/details/36B9915A-1818-49C0-AFC0-A04A3DCD52A3)

The setting of this tenement application highlights that it hosts the strike extents of Ardea Resources Mulga Plum Prospect coupled with the structural complexity illustrated by the regional geophysics in the area, please see Figure 1:

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Figure 1 – Kookynie Prospect Locality Map with mineralised trends.

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With the acquisition of this strategic and highly prospective tenure, the Company has significantly increased its presence within the region and now commands a prominent land holding. The regional geophysics illustrate similar signatures to the prolific and well-endowed Niagara Trend which is host to significant gold mineralisation.

To date, all of Metalicity’s acquisitions and tenement pegging activities contribute towards the $5 million required to earn 51% of the original farm-in agreement with Nex Metals (please refer to ASX Announcement “ Metalicity Farms Into Prolific Kookynie & Yundamindra Gold Projects, WA” dated 6[th] May 2019).

Drilling Discussion

The Kookynie Project is host to six, significant prospects; Champion, McTavish, Leipold, Diamantina, Cosmopolitan and Cumberland. The table below summarises the significant intercepts returned from this recent drilling programme at Leipold, McTavish and Champion. The full sample and assay list are available in Appendix Two.

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MGA94_Zone 51 South
Down
Grade
Hole Collar Collar Mag Final From To Hole
Prospect HoleID Tenement RL Dip (Au Comments
Type Easting Northing Azi Depth (m) (m) Width
g/t)
(m)
CPRC0003 RC 352,158 6,757,586 417 -60 270 48 31 33 2 1.8 2m @ 1.8 g/t Au from 31m
270 30 28 30 2 25.2 2m @ 25.2 g/t Au from 28m to EOH
CPRC0004 RC 352,149 6,757,566 417 -60
including 28 29 1 42.04 inc. 1m @ 42.04 g/t Au from 28m
Champion M40/27
16 17 1 1.3 1m @ 1.3 g/t Au from 16m
CPRC0005 RC 352,167 6,757,631 417 -60 270 42
39 40 1 2.1 1m @ 2.1 g/t Au from 39m
CPRC0006 RC 352,167 6,757,649 417 -60 270 54 Assays Pending
McTRC0003 RC 350,576 6,754,153 423 -60 270 30 14 15 1 1.9 1m @ 1.9 g/t Au from 14m
McTRC0004 RC 350,596 6,754,153 423 -60 270 48 33 35 2 2.2 2m @ 2.2 g/t Au from 33m
McTavish M40/77
270 66 48 53 5 17.9 5m @ 17.9 g/t Au from 48m
McTRC0005 RC 350,618 6,754,083 424 -60
including 51 52 1 80.17 inc. 1m @ 80.17 g/t Au from 51m
250 42 18 22 4 7.1 4m @ 7.1 g/t Au from 18m
LPRC0002 RC 350,760 6,752,040 431 -60 including 19 21 2 10.8 inc. 2m @ 10.8 g/t Au from 19m
250 42 26 29 3 3.4 3m @ 3.4 g/t Au from 26m
Leipold M40/22 250 42 24 30 6 9.4 6m @ 9.4 g/t Au from 24m
LPRC0003 RC 350,766 6,752,030 431 -60
including 26 28 2 19 inc. 2m @ 19 g/t Au from 26m
250 60 38 46 8 3.2 8m @ 3.2 g/t Au from 38m
LPRC0004 RC 350,785 6,752,027 431 -60
including 38 41 3 6.3 inc. 3m @ 6.3 g/t Au from 38m
----- End of picture text -----

Table 1 – Significant Drill Hole Intercepts

This programme tested the shallow mineralisation observed at the McTavish, Leipold and Champion Prospects. Please refer to Figure 1 for Prospect and tenure locations:

Drill Hole Plane of Vein Long Sections

Below are a series of drill hole plane of vein long sections that illustrate the recent and historical drilling pierce points and discussion detailing the significance of the results to date at each of the Prospects:

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The Leipold Prospect

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Figure 2 – Leipold Plane of Vein Section with recent drilling.

The Company completed three Reverse Circulation (RC) drill holes at the Leipold Prospect for a total of 144 metres in an area that is below the known historical workings and significantly up dip and along strike from historical drilling. We are pleased that each of the drill holes intersected the structure, demonstrating the up dip and strike continuance of mineralisation beyond the previously defined limits.

This is incredibly exciting and demonstrates very shallow mineralisation exists at the Leipold Prospect. Below is the full list of the December 2019 drilling programme results for Leipold:

  • LPRC0002 – 4 metres @ 7.1 g/t Au from 18 metres inc. 2m @ 10.8 g/t Au from 19 metres & 3 metres @ 3.4 g/t Au from 26metres,

  • LPRC0003 – 6 metres @ 9.4 g/t Au from 26metres, inc. 2metres @ 19g/t Au from 26metres, &

  • LPRC0004 – 8 metres @ 3.2 g/t Au from 38 metres inc. 3 metres @ 6.3 g/t Au from 38 metres.

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The McTavish Prospect

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Figure 3 – McTavish Plane of Vein Section with recent drilling.

The Company completed three Reverse Circulation (RC) drill holes at the McTavish Prospect for a total of 144 metres in an area that is below the known historical workings and significantly down dip and along strike from historical drilling. We are pleased that each of the drill holes intersected the structure, demonstrating the down dip and strike continuance of mineralisation beyond the previously defined limits of drilling. To return intercepts of 5 metres @ 17.9 g/t Au from 48 metres, which includes a spectacular 1 metre @ 80.17 g/t Au from 51 metres, demonstrates the continuity and confidence in the tenor of mineralisation at this Prospect.

Below is the full list of the December 2019 drilling programme results for McTavish:

  • McTRC0003 – 1 metres @ 1.9 g/t Au from 14 metres,

  • McTRC0004 – 2 metres @ 2.2 g/t Au from 33 metres, &

  • McTRC0005 – 5 metres @ 17.9 g/t Au from 48 metres inc. 1 metre @ 80.17 g/t Au from 51 metres.

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The Champion Prospect

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Figure 4 – Champion Plane of Vein Section with recent drilling.

Finally, the Champion Prospect is not only characterised by significant drill hole intercepts, but historical production from a very shallow (<8 metre depth) open pit. Whilst the grade control data from the open pit operation is not available, there is a gap in the historical exploration drilling and the base of this pit that spans approximately 25 metres. This area represents an opportunity to infill and define the mineralisation from the top of historical drilling to the base of the pit. Therefore, the Company completed four Reverse Circulation (RC) drill holes at the Champion Prospect for a total of 174 metres to test this section of mineralisation and to confirm its continuance to the base of the pit. We are pleased that each of the drill holes intersected the mineralised structure, demonstrating the up dip and strike continuance of mineralisation beyond the previously defined limits of drilling.

Below is the full list of the December 2019 drilling programme results for Champion:

  • CPRC0003 – 2 metres @ 1.8 g/t Au from 31 metres,

  • CPRC0004 – 2 metres @ 25.2 g/t Au from 28 metres to EOH inc. 1 metre @ 42.04 g/t Au from 28 metres,

  • CPRC0005 – 1 metre @ 1.3 g/t Au from 16 metres & 1 metre @ 2.1 g/t Au from 39 metres, &

  • CPRC0006 – results pending.

To return these incredibly high tenor grades and widths is very prospective and exciting across these three Prospects at the Kookynie Gold Project.

Plan Moving Forward

We are in discussions with our farm in partner Nex Metals Exploration Ltd to decide the work programme for 2020. Given the significance, high grade and shallow nature of these

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intercepts, let alone our results to date since June 2019, we look forward to updating the market with our Exploration and Development plan for 2020.

Quality Control

The Company, as is normal during a drilling programme, implemented a quality assurance and control process (QAQC) whereby reconciliations with the drilled metre, the representative sample, and the actual sample bag that was submitted to the laboratory was rigorously controlled. Sampling was also based on geology. The original cone split samples from the rig mounted cone splitter were submitted to the laboratory for analytical and QAQC investigations.

Furthermore, usual Industry Practice is to insert a standard (referred to as a CRM – Certified Reference Material that has a known grade within a specified confidence interval), a duplicate or a blank (whereby it is devoid of any mineralisation whatsoever) into the sampling regime to ensure, and on top of the laboratories own QAQC measures of 1 sample in every 20 is to represent one of these samples to ensure quality control. The Company decided, due to the lack of historical QAQC measures, and to ensure the laboratory performed within specification, we implemented a 1 in 10 process.

The results returned by the laboratory where within the CRM stated acceptable standard deviation limits and the duplicity of the samples, given the nature of the mineralisation, were within acceptable limits.

Geology

The Kookynie Project area is in the Keith-Kilkenny Tectonic Zone within the north-northwest trending Archean-aged Malcolm greenstone belt. The Keith-Kilkenny Tectonic Zone is a triangular shaped area hosting a succession of Archean mafic-ultramafic igneous and meta-sedimentary rocks. Regional magnetic data indicates the Kookynie region is bounded to the west by the north-trending Mt George Shear, the Keith-Kilkenny Shear Zone to the east and the Mulliberry Granitoid Complex to the south.

There are several styles of gold mineralisation identified in the Kookynie region. The largest system discovered to date is the high-grade mineralisation mined at the Admiral/Butterfly area, Desdemona area and Kookynie (Niagara) areas. The gold mineralisation is associated with pyritic quartz veins hosted within north to northeast dipping structures cross-cutting 'favourable' lithologies which can also extend into shears along geological contacts. Gold mineralisation at Kookynie tends to be preferentially concentrated in magnetite dominated granitic fractions of the overall granite plutons observed within the Kookynie area.

ENQUIRIES

Investors

Jason Livingstone Managing Director & CEO +61 8 9324 1053 [email protected]

Competent Person Statement

Information in this report that relates to Exploration results and targets is based on, and fairly reflects, information compiled by Mr. Jason Livingstone, a Competent Person who is a Member of the Australian Institute of Geoscientists and Australian Institute of Mining and Metallurgy. Mr. Livingstone is an employee of Metalicity Limited. Mr. Livingstone has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Livingstone consents to the inclusion of the data in the form and context in which it appears.

Note

This Announcement is designed to also supplement for Nex Metals Exploration as it relates to our farm-in agreement as announced on the 6[th] May 2019 titled “ Metalicity Farms Into Prolific Kookynie & Yundamindra Gold Projects, WA ”.

Forward Looking Statements

This announcement may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events and results. Where the Company expresses or implies an expectation or

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7

belief as to future events or results, such expectation or belief is expressed in good faith and believed to have reasonable basis. However, forwardlooking statements:

(a) are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies;

(b) involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements. Such risks include, without limitation, resource risk, metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as well as political and operational risks in the countries and states in which the Company operates or supplies or sells product to, and governmental regulation and judicial outcomes; and

(c) may include, among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements.

All forward-looking statements contained in this presentation are qualified by the foregoing cautionary statements. Recipients are cautioned that forward-looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

The Company disclaims any intent or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results or otherwise.

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8

Appendix One – JORC Code, 2012 Edition – Table 1

Section 1: Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (eg cut channels, random chips, or specific
specialised industry standard measurement tools appropriate to the
minerals under investigation, such as down hole gamma sondes, or
handheld XRF instruments, etc). These examples should not be taken as
limiting the broad meaning of sampling.
Include reference to measures taken to ensure sample representivity and the
appropriate calibration of any measurement tools or systems used.
Aspects of the determination of mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’ work has been done this would be
relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for fire
assay’). In other cases more explanation may be required, such as where
there is coarse gold that has inherent sampling problems. Unusual
commodities or mineralisation types (eg submarine nodules) may warrant
disclosure of detailed information.
● Reverse circulation (RC) sampling was conducted by the offsiders on the
drill rig and checked at the end of each rod (6 metres) to ensure that the
sample ID’s matched the interval that was intended to be represented by
that sample ID. No issues were seen or noted by the Competent person
during the entire drilling campaign. These samples are kept onsite in a
secure location available for further analysis if required.
● All RC samples were sieved and washed to ensure samples were taken from
the appropriate intervals and to determine composites.
● Composites in interpreted non mineralised zones were taken on 2 metre
intervals using the spear methodology:
● The quality of the sampling is industry standard and was completed with
the utmost care to ensure that the material being sampled, can be traced
back to the interval taken from the drill hole for both RC and diamond core.
● OREAS standards of 60 gram charges of OREAS 22F (Au grade range of
<1ppb Au – this is a blank), OREAS 251 (Au grade range of 0.498ppm Au to
0.510ppm Au), OREAS 219 (Au grade range of 0.753ppm Au to 0.768ppm
Au) and OREAS 229b (Au grade range of 11.86ppm Au to 12.04ppm Au)
were used in alternating and sporadic patterns at a ratio of 1 QAQC sample
in 10 samples submitted. The material used to make these standards was
sourced from a West Australian, Eastern Goldfields orogenic gold deposit.
Drilling
techniques
Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details (eg 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).
● RC drilling used a bit size of 5 ¼ inch.
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 drilling sample recovery was excellent. Noteworthy is that of the 462
metres drilled, no samples were moist or wet.
● No relationship was displayed between recovery and grade nor loss/gain of
fine/course material.

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9

Logging Whether core and chip samples have been geologically and geotechnically
logged to a level of detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical studies.
Whether logging is qualitative or quantitative in nature. Core (or costean,
channel, etc) photography.
The total length and percentage of the relevant intersections logged.
● All recovered sample from RC has been geologically logged by the
Competent Person to a level where it would support an appropriate Mineral
Resource Estimate, mining studies and metallurgical test work.
● Logging was qualitative, sampling with the diamond core was based on
geological boundaries, and as practical, on the metre in which a geological
boundary was intersected in the RC drilling.
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.
● RC samples were cone split from the rig.
● All RC samples were dry. All recoveries were >90%.
● Duplicates were taken every 20 samples, however, given the lack of QAQC
data in historical drilling, the Competent Person performed a 1 in 10
standard or blank or duplicate QAQC protocol across both the RC and
diamond core sampling.
● The Competent Person is of the opinion the sampling method described
above is appropriate as far as practical, and anomalous assays will be tested
further by submission of the original cone split sample.
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 (eg standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (ie lack of bias) and precision have been established.
● Fire assay and screen fire assay was used for selected RC samples. The
methodologies employed at Intertek Genalysis in these analytical
procedures are industry standard with appropriate checks and balances
throughout their own processes.
● The analytical method employed is appropriate for the style of
mineralisation and target commodity present.
● No geophysical tools, spectrometers, handheld XRF instruments were used.
● A 1 in 10 standard or duplicate or blank was employed during this
programme. QAQC analysis shows that the lab performed within the
specifications of the QAQC protocols. The standards used were from OREAS
and based on material sourced from with the Eastern Goldfields. Blanks
were also sourced from OREAS as well.
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.
● No umpire analysis has been performed.
● No twinned holes have been completed.
● Data was collected on to standardised templates in the field and data
entered at night. Cross checks were performed verifying field data
● No adjustment to the available assay data has been made.

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10

Discuss any adjustment to assay data.
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.
● Drill hole collars will be surveyed using a DGPS.
● The RC holes were downhole surveyed using a “Champ Gyro multi-shot
down hole survey camera”.
● GDA94 Zone 51S was used, collars will be picked up by a qualified surveyor
using a DGPS (Trimble S7).
● The surveyed collar coordinates appear to be sufficient, however, better
definition is required of the topography to allow for a JORC 2012 compliant
estimation.
● Below is a table of the collar coordinates as drilled:
Location of
data points
Location of data points:
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 data spacing is sufficient to establish a relatively high confidence in
geological and grade continuity, however, peripheral data to support the
drill holes requires further work to ensure compliance with JORC 2012
guidelines.
● No sample compositing was applied beyond the calculation of down hole
significant intercepts.
Discuss any adjustment to assay data.
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.
● Drill hole collars will be surveyed using a DGPS.
● The RC holes were downhole surveyed using a “Champ Gyro multi-shot
down hole survey camera”.
● GDA94 Zone 51S was used, collars will be picked up by a qualified surveyor
using a DGPS (Trimble S7).
● The surveyed collar coordinates appear to be sufficient, however, better
definition is required of the topography to allow for a JORC 2012 compliant
estimation.
● Below is a table of the collar coordinates as drilled:
Location of
data points
Location of data points:
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 data spacing is sufficient to establish a relatively high confidence in
geological and grade continuity, however, peripheral data to support the
drill holes requires further work to ensure compliance with JORC 2012
guidelines.
● No sample compositing was applied beyond the calculation of down hole
significant intercepts.

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11

Orientation of
data
in
relation
to
geological
structure
Whether the orientation of sampling achieves unbiased sampling of possible
structures and the extent to which this is known, considering the deposit
type.
If the relationship between the drilling orientation and the orientation of key
mineralised structures is considered to have introduced a sampling bias, this
should be assessed and reported if material.
● All drilling was perpendicular to the main structure that hosts
mineralisation. Secondary structures oblique to the main structure may
have influence hanging and foot wall intercepts.
● The author believes that the drilling orientation and the orientation of key
mineralised structures has not introduced a bias.
Sample
security
The measures taken to ensure sample security. ● The chain of supply from rig to the laboratory was overseen by the
Competent Person. At no stage has any person or entity outside of the
Competent Person, the drilling contractors, the courier contractors and the
assay laboratory came into contact with the samples.
● Samples dispatched to Intertek Genalysis in Kalgoorlie were delivered to the
laboratory by the Competent Person, no third-party courier used.
Audits
or
reviews
The results of any audits or reviews of sampling techniques and data. ● No external audit of the results, beyond the laboratory internal QAQC
measures, has taken place.

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12

Section 2: Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement and
land
tenure
status
Type, reference name/number, location and ownership including
agreements or material issues with third parties such as joint ventures,
partnerships, overriding royalties, native title interests, historical sites,
wilderness or national park and environmental settings.
The security of the tenure held at the time of reporting along with any
known impediments to obtaining a licence to operate in the area.
● Please refer to the tenement schedule below to where the drill holes were
completed:
● Nex Metals Explorations Ltd hold the tenure in question. Metalicity is
currently performing an earn in option as part of our farm in agreement
(please refer to ASX Announcement “Metalicity Farms Into Prolific Kookynie
& Yundamindra Gold Projects, WA” dated 6thMay 2019)
● No impediments exist to obtaining a license to operate over the listed
tenure above.
Exploration
done by other
parties
Acknowledgment and appraisal of exploration by other parties. ● Nex Metals Explorations Ltd have done a great job of collating the historical
drilling completed over the previous 30 years.
● The historical work completed requires further field verification via re-down
hole surveying (if possible) of drill holes beyond 60 metres depth – it
appears below this depth; hole deviation becomes a factor in establishing
the location of mineralisation in 3D. Furthermore, collar pickups require
verification. All laboratory certificates for the assays on file are collated,
only recommendation is possibly more duplicate information in mineralised
zones.
Geology Deposit type, geological setting and style of mineralisation. ● Kookynie:
● The project area is in the Keith-Kilkenny Tectonic Zone within the
north-northwest trending Archean-aged Malcolm greenstone belt. The
Keith-Kilkenny Tectonic Zone is a triangular shaped area hosting a
succession of Archean mafic-ultramafic igneous and meta-sedimentary
rocks. Regional magnetic data indicates the Kookynie region is
bounded to the west by the north-trending Mt George Shear, the
Keith-Kilkenny Shear Zone to the east and the Mulliberry Granitoid
Complex to the south.
● There are several styles of gold mineralisation identified in the
Kookynie region. The largest system discovered to date is the high-
grade mineralisation mined at the Admiral/Butterfly area, Desdemona
area and Niagara area. The gold mineralisation is associated with
pyritic quartz veins hosted within north to northeast dipping structures
cross-cutting'favourable' lithologies which can also extend into shears

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13

along geological contacts. Gold mineralisation tends to be
preferentially concentrated in differentiated dolerite sills associated
with pyrite/carbonate/silica/sericite wall rock alteration.
● Below is an example of the mineralisation returned from CDRCDD0001,
full assays for the selected intervals are available in Appendix Two:
Drill
hole
Information
A summary of all information material to the understanding of the
exploration results including a tabulation of the following information for all
Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in metres) of
the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified on the basis that the
information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly explain
why this is the case.
● For Kookynie (and Yundramindra), please refer to the Company’s
announcement dated 6th May 2019, “Metalicity Farms Into Prolific
Kookynie & Yundamindra Gold Projects, WA”, for all historical drill collar
information, and selected significant intercepts.
● For the drilling performed and subject to this announcement, please see the
table in the section titled “Location of data points” Table 1, Section 1 of this
announcement.
Data
aggregation
methods
In reporting Exploration Results, weighting averaging techniques, maximum
and/or minimum grade truncations (eg 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.
● All intercepts have been calculated using the weighted average method.
Specific intervals within a weighted average interval have been described as
part of the overall intercept statement. All results are presented in
Appendix 2 for the reader to reconcile the Competent Persons’ calculations.
● Intervals were based on geology and no specific cut off was applied.
● No metal equivalents are discussed or reported.
Relationship
between
mineralisation
widths
and
intercept
lengths
These relationships are particularly important in the reporting of Exploration
Results.
If the geometry of the mineralisation with respect to the drill hole angle is
known, its nature should be reported.
If it is not known and only the down hole lengths are reported, there should
be a clear statement to this effect (eg ‘down hole length, true width not
known’).
● Given the shallow dipping nature (approximately -45° on average) of the
mineralisation observed at Kookynie, the nominal drilling inclination of -60°
lends to close to truth width intercepts.
● However, cross cutting structures within the hanging wall and footwall are
noted and may influence the results.

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14

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.
● Please see main body of the announcement for the relevant figures.
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.
● All results have been presented. Please refer to Appendix 2.
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.
● The area has had significant historical production recorded and is accessible
via the MINEDEX database.
● All stated mineral resources for the Kookynie (and Yundramindra) Projects
are pre-JORC 2012. Considerable work around bulk density, QAQC, down
hole surveys and metallurgy, coupled with the planned drilling will be
required to ensure compliance with JORC 2012 guidelines.
Further work The nature and scale of planned further work (eg 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.
● Metalicity intends to drill the known and extend the mineralised
occurrences within the Kookynie and Yundramindra Projects. The
Yundramindra Project is currently under the plaint process, however
Metalicity believes that Nex Metals is well advanced in defending those
claims. The drilling will be designed to validate historical drilling with a view
to making maiden JORC 2012 Mineral Resource Estimate statements.
Metalicity has made the aspirational statement of developing “significant
resource and reserve base on which to commence a sustainable mining
operation focusing on grade and margin”.
● Diagrams pertinent to the area’s in question are supplied in the body of this
announcement.

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15

Appendix Two – Drilling sample and Assay Information

Reverse Circulation Sampling and Assay Information:

Note, only intervals with observed mineralisation were sampled with a determined length also sampled into the hanging and footwall.

Prospect Hole_ID From To Drill Type AssayType Aug/t
Leipold LPRC0002 11 12 RC Split Sample Fire Assay 0.021
Leipold LPRC0002 12 13 RC Split Sample Fire Assay 0.02
Leipold LPRC0002 13 14 RC Split Sample Fire Assay 0.023
Leipold LPRC0002 14 15 RC Split Sample Fire Assay 0.024
Leipold LPRC0002 15 16 RC Split Sample Fire Assay 0.025
Leipold LPRC0002 16 17 RC Split Sample Fire Assay 0.056
Leipold LPRC0002 17 18 RC Split Sample Fire Assay 0.384
Leipold LPRC0002 18 19 RC Split Sample Fire Assay 4.348
Leipold LPRC0002 19 20 RC Split Sample Fire Assay 10.41
Leipold LPRC0002 20 21 RC Split Sample Fire Assay 11.179
Leipold LPRC0002 21 22 RC Split Sample Fire Assay 2.59
Leipold LPRC0002 22 23 RC Split Sample Fire Assay 0.303
Leipold LPRC0002 23 24 RC Split Sample Fire Assay 0.265
Leipold LPRC0002 24 25 RC Split Sample Fire Assay 1.37
Leipold LPRC0002 25 26 RC Split Sample Screen Fire Assay 0.57
Leipold LPRC0002 26 27 RC Split Sample Screen Fire Assay 3.58
Leipold LPRC0002 27 28 RC Split Sample Screen Fire Assay 2.08
Leipold LPRC0002 28 29 RC Split Sample Screen Fire Assay 4.57
Leipold LPRC0002 29 30 RC Split Sample Screen Fire Assay 0.36
Leipold LPRC0002 30 31 RC Split Sample Screen Fire Assay 0.49
Leipold LPRC0002 31 32 RC Split Sample Fire Assay 0.189
Leipold LPRC0002 32 33 RC Split Sample Fire Assay 0.042
Leipold LPRC0002 33 34 RC Split Sample Fire Assay 0.008
Leipold LPRC0002 34 35 RC Split Sample Fire Assay 0.007
Leipold LPRC0002 35 36 RC Split Sample Fire Assay 0.013
Leipold LPRC0002 36 37 RC Split Sample Fire Assay 0.296
Leipold LPRC0002 37 38 RC Split Sample Fire Assay 0.025
Leipold LPRC0002 38 39 RC Split Sample Fire Assay 0.065
Leipold LPRC0002 39 40 RC Split Sample Fire Assay 0.032
Leipold LPRC0002 40 41 RC Split Sample Fire Assay 0.06
Leipold LPRC0002 41 42 RC Split Sample Fire Assay Below Detection
Leipold LPRC0003 10 11 RC Split Sample Fire Assay 0.047
Leipold LPRC0003 11 12 RC Split Sample Fire Assay 0.689
Leipold LPRC0003 12 13 RC Split Sample Fire Assay 0.017
Leipold LPRC0003 13 14 RC Split Sample Fire Assay 0.099
Leipold LPRC0003 14 15 RC Split Sample Fire Assay 0.068
Leipold LPRC0003 15 16 RC Split Sample Fire Assay 0.094

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16

Leipold LPRC0003 16 17 RC Split Sample Fire Assay 0.065
Leipold LPRC0003 17 18 RC Split Sample Fire Assay 0.02
Leipold LPRC0003 18 19 RC Split Sample Fire Assay 0.139
Leipold LPRC0003 19 20 RC Split Sample Screen Fire Assay 0.39
Leipold LPRC0003 20 21 RC Split Sample Screen Fire Assay 0.1
Leipold LPRC0003 21 22 RC Split Sample Screen Fire Assay 0.09
Leipold LPRC0003 22 23 RC Split Sample Screen Fire Assay 0.06
Leipold LPRC0003 23 24 RC Split Sample Screen Fire Assay 0.69
Leipold LPRC0003 24 25 RC Split Sample Screen Fire Assay 7.04
Leipold LPRC0003 25 26 RC Split Sample Fire Assay 0.376
Leipold LPRC0003 26 27 RC Split Sample Fire Assay 25.568
Leipold LPRC0003 27 28 RC Split Sample Fire Assay 12.368
Leipold LPRC0003 28 29 RC Split Sample Fire Assay 8.747
Leipold LPRC0003 29 30 RC Split Sample Fire Assay 2.315
Leipold LPRC0003 30 31 RC Split Sample Fire Assay 0.56
Leipold LPRC0003 31 32 RC Split Sample Fire Assay 0.235
Leipold LPRC0003 32 33 RC Split Sample Fire Assay 0.409
Leipold LPRC0003 33 34 RC Split Sample Fire Assay 0.061
Leipold LPRC0003 34 35 RC Split Sample Fire Assay 0.041
Leipold LPRC0003 35 36 RC Split Sample Fire Assay 0.014
Leipold LPRC0003 36 37 RC Split Sample Fire Assay 0.018
Leipold LPRC0003 37 38 RC Split Sample Fire Assay 0.048
Leipold LPRC0003 38 39 RC Split Sample Fire Assay 0.047
Leipold LPRC0003 39 40 RC Split Sample Fire Assay 0.045
Leipold LPRC0003 40 41 RC Split Sample Fire Assay 0.005
Leipold LPRC0003 41 42 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 22 23 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 23 24 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 24 25 RC Split Sample Fire Assay 0.011
Leipold LPRC0004 25 26 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 26 27 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 27 28 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 28 29 RC Split Sample Fire Assay 0.042
Leipold LPRC0004 29 30 RC Split Sample Fire Assay 0.03
Leipold LPRC0004 30 31 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 31 32 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 32 33 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 33 34 RC Split Sample Fire Assay 0.005
Leipold LPRC0004 34 35 RC Split Sample Fire Assay 0.036
Leipold LPRC0004 35 36 RC Split Sample Fire Assay Below Detection
Leipold LPRC0004 36 37 RC Split Sample Fire Assay 0.046
Leipold LPRC0004 37 38 RC Split Sample Fire Assay 0.272
Leipold LPRC0004 38 39 RC Split Sample Screen Fire Assay 4.44
Leipold LPRC0004 39 40 RC Split Sample Screen Fire Assay 9.14

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17

Leipold LPRC0004 40 41 RC Split Sample Screen Fire Assay 5.44
Leipold LPRC0004 41 42 RC Split Sample Screen Fire Assay 0.22
Leipold LPRC0004 42 43 RC Split Sample Screen Fire Assay 0.17
Leipold LPRC0004 43 44 RC Split Sample Screen Fire Assay 2.97
Leipold LPRC0004 44 45 RC Split Sample Screen Fire Assay 2.02
Leipold LPRC0004 45 46 RC Split Sample Screen Fire Assay 1.36
Leipold LPRC0004 46 47 RC Split Sample Screen Fire Assay 0.46
Leipold LPRC0004 47 48 RC Split Sample Screen Fire Assay 0.4
Leipold LPRC0004 48 49 RC Split Sample Screen Fire Assay 1.6
Leipold LPRC0004 49 50 RC Split Sample Screen Fire Assay 0.09
Leipold LPRC0004 50 51 RC Split Sample Screen Fire Assay 0.03
Leipold LPRC0004 51 52 RC Split Sample Screen Fire Assay 0.03
McTavish McTRC0003 2 3 RC Split Sample Fire Assay 0.072
McTavish McTRC0003 3 4 RC Split Sample Fire Assay 0.01
McTavish McTRC0003 4 5 RC Split Sample Fire Assay 0.015
McTavish McTRC0003 5 6 RC Split Sample Fire Assay 0.017
McTavish McTRC0003 6 7 RC Split Sample Fire Assay 0.02
McTavish McTRC0003 7 8 RC Split Sample Fire Assay 0.021
McTavish McTRC0003 8 9 RC Split Sample Fire Assay 0.06
McTavish McTRC0003 9 10 RC Split Sample Fire Assay 0.23
McTavish McTRC0003 10 11 RC Split Sample Fire Assay 0.237
McTavish McTRC0003 11 12 RC Split Sample Fire Assay 0.228
McTavish McTRC0003 12 13 RC Split Sample Void N/S
McTavish McTRC0003 13 14 RC Split Sample Void N/S
McTavish McTRC0003 14 15 RC Split Sample Fire Assay 1.846
McTavish McTRC0003 15 16 RC Split Sample Fire Assay 0.475
McTavish McTRC0003 16 17 RC Split Sample Screen Fire Assay 0.23
McTavish McTRC0003 17 18 RC Split Sample Screen Fire Assay 0.07
McTavish McTRC0003 18 19 RC Split Sample Screen Fire Assay 0.08
McTavish McTRC0003 19 20 RC Split Sample Screen Fire Assay 0.03
McTavish McTRC0003 20 21 RC Split Sample Screen Fire Assay 0.03
McTavish McTRC0003 21 22 RC Split Sample Screen Fire Assay 0.01
McTavish McTRC0003 22 23 RC Split Sample Screen Fire Assay 0.04
McTavish McTRC0003 23 24 RC Split Sample Screen Fire Assay 0.03
McTavish McTRC0003 24 25 RC Split Sample Screen Fire Assay 0.02
McTavish McTRC0003 25 26 RC Split Sample Screen Fire Assay 0.01
McTavish McTRC0003 26 27 RC Split Sample Screen Fire Assay 0.01
McTavish McTRC0003 27 28 RC Split Sample Fire Assay 0.055
McTavish McTRC0003 28 29 RC Split Sample Fire Assay 0.028
McTavish McTRC0003 29 30 RC Split Sample Fire Assay 0.077
McTavish McTRC0004 28 29 RC Split Sample Fire Assay 0.011
McTavish McTRC0004 29 30 RC Split Sample Fire Assay Below Detection
McTavish McTRC0004 30 31 RC Split Sample Fire Assay 0.008
McTavish McTRC0004 31 32 RC Split Sample Fire Assay 0.269

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18

McTavish McTRC0004 32 33 RC Split Sample Fire Assay 0.044
McTavish McTRC0004 33 34 RC Split Sample Fire Assay 1.395
McTavish McTRC0004 34 35 RC Split Sample Fire Assay 2.843
McTavish McTRC0004 35 36 RC Split Sample Fire Assay 0.789
McTavish McTRC0004 36 37 RC Split Sample Fire Assay 0.106
McTavish McTRC0004 37 38 RC Split Sample Fire Assay 0.053
McTavish McTRC0004 38 39 RC Split Sample Fire Assay 0.029
McTavish McTRC0004 39 40 RC Split Sample Fire Assay 0.062
McTavish McTRC0004 40 41 RC Split Sample Fire Assay Below Detection
McTavish McTRC0004 41 42 RC Split Sample Fire Assay 0.064
McTavish McTRC0004 42 43 RC Split Sample Screen Fire Assay 0.02
McTavish McTRC0004 43 44 RC Split Sample Screen Fire Assay Below Detection
McTavish McTRC0004 44 45 RC Split Sample Fire Assay Below Detection
McTavish McTRC0004 45 46 RC Split Sample Fire Assay Below Detection
McTavish McTRC0004 46 47 RC Split Sample Fire Assay Below Detection
McTavish McTRC0004 47 48 RC Split Sample Fire Assay 0.02
McTavish McTRC0005 35 36 RC Split Sample Fire Assay 0.007
McTavish McTRC0005 36 37 RC Split Sample Fire Assay Below Detection
McTavish McTRC0005 37 38 RC Split Sample Fire Assay Below Detection
McTavish McTRC0005 38 39 RC Split Sample Fire Assay 0.044
McTavish McTRC0005 39 40 RC Split Sample Fire Assay Below Detection
McTavish McTRC0005 40 41 RC Split Sample Fire Assay 0.071
McTavish McTRC0005 41 42 RC Split Sample Fire Assay 0.021
McTavish McTRC0005 42 43 RC Split Sample Fire Assay 0.016
McTavish McTRC0005 43 44 RC Split Sample Fire Assay 0.772
McTavish McTRC0005 44 45 RC Split Sample Screen Fire Assay 0.06
McTavish McTRC0005 45 46 RC Split Sample Screen Fire Assay 0.07
McTavish McTRC0005 46 47 RC Split Sample Screen Fire Assay 0.05
McTavish McTRC0005 47 48 RC Split Sample Screen Fire Assay 0.03
McTavish McTRC0005 48 49 RC Split Sample Screen Fire Assay 3.32
McTavish McTRC0005 49 50 RC Split Sample Screen Fire Assay 0.06
McTavish McTRC0005 50 51 RC Split Sample Screen Fire Assay 4.86
McTavish McTRC0005 51 52 RC Split Sample Screen Fire Assay 80.17
McTavish McTRC0005 52 53 RC Split Sample Fire Assay 1.127
McTavish McTRC0005 53 54 RC Split Sample Fire Assay 0.178
McTavish McTRC0005 54 55 RC Split Sample Fire Assay 0.121
McTavish McTRC0005 55 56 RC Split Sample Fire Assay 0.023
McTavish McTRC0005 56 57 RC Split Sample Fire Assay 0.019
McTavish McTRC0005 57 58 RC Split Sample Fire Assay Below Detection
McTavish McTRC0005 58 59 RC Split Sample Fire Assay 0.011
McTavish McTRC0005 59 60 RC Split Sample Fire Assay 0.012
McTavish McTRC0005 60 61 RC Split Sample Fire Assay 0.285
McTavish McTRC0005 61 62 RC Split Sample Fire Assay 0.041
McTavish McTRC0005 62 63 RC Split Sample Fire Assay 0.015

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19

McTavish McTRC0005 63 64 RC Split Sample Fire Assay 0.025
Champion CPRC0003 12 13 RC Split Sample Fire Assay 0.024
Champion CPRC0003 13 14 RC Split Sample Fire Assay 0.128
Champion CPRC0003 14 15 RC Split Sample Fire Assay 0.025
Champion CPRC0003 15 16 RC Split Sample Fire Assay 0.063
Champion CPRC0003 16 17 RC Split Sample Fire Assay 0.067
Champion CPRC0003 17 18 RC Split Sample Fire Assay 0.072
Champion CPRC0003 18 19 RC Split Sample Fire Assay 0.127
Champion CPRC0003 19 20 RC Split Sample Fire Assay 0.019
Champion CPRC0003 20 21 RC Split Sample Fire Assay 0.036
Champion CPRC0003 21 22 RC Split Sample Fire Assay 0.057
Champion CPRC0003 22 23 RC Split Sample Fire Assay 0.193
Champion CPRC0003 23 24 RC Split Sample Fire Assay 0.308
Champion CPRC0003 24 25 RC Split Sample Fire Assay Below Detection
Champion CPRC0003 25 26 RC Split Sample Fire Assay 0.005
Champion CPRC0003 26 27 RC Split Sample Fire Assay Below Detection
Champion CPRC0003 27 28 RC Split Sample Fire Assay Below Detection
Champion CPRC0003 28 29 RC Split Sample Fire Assay Below Detection
Champion CPRC0003 29 30 RC Split Sample Fire Assay Below Detection
Champion CPRC0003 30 31 RC Split Sample Screen Fire Assay 0.26
Champion CPRC0003 31 32 RC Split Sample Screen Fire Assay 2.35
Champion CPRC0003 32 33 RC Split Sample Screen Fire Assay 1.21
Champion CPRC0003 33 34 RC Split Sample Screen Fire Assay 0.08
Champion CPRC0003 34 35 RC Split Sample Screen Fire Assay 0.06
Champion CPRC0003 35 36 RC Split Sample Screen Fire Assay 0.33
Champion CPRC0003 36 37 RC Split Sample Fire Assay 0.054
Champion CPRC0003 37 38 RC Split Sample Fire Assay 0.175
Champion CPRC0003 38 39 RC Split Sample Fire Assay 0.071
Champion CPRC0003 39 40 RC Split Sample Fire Assay 0.015
Champion CPRC0003 40 41 RC Split Sample Fire Assay 0.011
Champion CPRC0003 41 42 RC Split Sample Fire Assay Below Detection
Champion CPRC0003 42 43 RC Split Sample Fire Assay 0.026
Champion CPRC0003 43 44 RC Split Sample Fire Assay 0.035
Champion CPRC0003 44 45 RC Split Sample Fire Assay 0.009
Champion CPRC0003 45 46 RC Split Sample Fire Assay 0.055
Champion CPRC0003 46 47 RC Split Sample Fire Assay 0.009
Champion CPRC0003 47 48 RC Split Sample Fire Assay 0.006
Champion CPRC0004 12 13 RC Split Sample Fire Assay 0.028
Champion CPRC0004 13 14 RC Split Sample Fire Assay 0.027
Champion CPRC0004 14 15 RC Split Sample Fire Assay 0.017
Champion CPRC0004 15 16 RC Split Sample Fire Assay 0.02
Champion CPRC0004 16 17 RC Split Sample Fire Assay 0.007
Champion CPRC0004 17 18 RC Split Sample Fire Assay 0.014
Champion CPRC0004 18 19 RC Split Sample Fire Assay 0.038

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20

Champion CPRC0004 19 20 RC Split Sample Fire Assay 0.016
Champion CPRC0004 20 21 RC Split Sample Fire Assay 0.017
Champion CPRC0004 21 22 RC Split Sample Fire Assay 0.249
Champion CPRC0004 22 23 RC Split Sample Fire Assay 0.02
Champion CPRC0004 23 24 RC Split Sample Fire Assay 0.039
Champion CPRC0004 24 25 RC Split Sample Fire Assay 0.035
Champion CPRC0004 25 26 RC Split Sample Fire Assay 0.18
Champion CPRC0004 26 27 RC Split Sample Screen Fire Assay 0.06
Champion CPRC0004 27 28 RC Split Sample Screen Fire Assay 0.43
Champion CPRC0004 28 29 RC Split Sample Screen Fire Assay 42.04
Champion CPRC0004 29 30 RC Split Sample Screen Fire Assay 8.32
Champion CPRC0005 13 14 RC Split Sample Fire Assay 0.133
Champion CPRC0005 14 15 RC Split Sample Fire Assay 0.237
Champion CPRC0005 15 16 RC Split Sample Fire Assay 0.232
Champion CPRC0005 16 17 RC Split Sample Fire Assay 1.295
Champion CPRC0005 17 18 RC Split Sample Fire Assay 0.138
Champion CPRC0005 18 19 RC Split Sample Fire Assay 0.163
Champion CPRC0005 19 20 RC Split Sample Fire Assay 0.021
Champion CPRC0005 20 21 RC Split Sample Fire Assay 0.016
Champion CPRC0005 21 22 RC Split Sample Fire Assay 0.111
Champion CPRC0005 22 23 RC Split Sample Fire Assay 0.224
Champion CPRC0005 23 24 RC Split Sample Fire Assay 0.021
Champion CPRC0005 24 25 RC Split Sample Fire Assay 0.078
Champion CPRC0005 25 26 RC Split Sample Fire Assay 0.107
Champion CPRC0005 26 27 RC Split Sample Fire Assay 0.04
Champion CPRC0005 27 28 RC Split Sample Fire Assay 0.018
Champion CPRC0005 28 29 RC Split Sample Fire Assay 0.014
Champion CPRC0005 29 30 RC Split Sample Fire Assay 0.031
Champion CPRC0005 30 31 RC Split Sample Fire Assay 0.039
Champion CPRC0005 31 32 RC Split Sample Fire Assay 0.008
Champion CPRC0005 32 33 RC Split Sample Fire Assay 0.008
Champion CPRC0005 33 34 RC Split Sample Fire Assay 0.008
Champion CPRC0005 34 35 RC Split Sample Fire Assay 0.032
Champion CPRC0005 35 36 RC Split Sample Fire Assay Below Detection
Champion CPRC0005 36 37 RC Split Sample Fire Assay 0.021
Champion CPRC0005 37 38 RC Split Sample Screen Fire Assay 0.09
Champion CPRC0005 38 39 RC Split Sample Screen Fire Assay 0.28
Champion CPRC0005 39 40 RC Split Sample Screen Fire Assay 2.11
Champion CPRC0005 40 41 RC Split Sample Void N/S
Champion CPRC0005 41 42 RC Split Sample Screen Fire Assay 0.24
Champion CPRC0006 29 30 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 30 31 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 31 32 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 32 33 RC Split Sample Fire Assay Assays Pending

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21

Champion CPRC0006 33 34 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 34 35 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 35 36 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 36 37 RC Split Sample Screen Fire Assay 0.81
Champion CPRC0006 37 38 RC Split Sample Screen Fire Assay 0.12
Champion CPRC0006 38 39 RC Split Sample Screen Fire Assay 0.15
Champion CPRC0006 39 40 RC Split Sample Screen Fire Assay 0.06
Champion CPRC0006 40 41 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 41 42 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 42 43 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 43 44 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 44 45 RC Split Sample Fire Assay Assays Pending
Champion CPRC0006 45 46 RC Split Sample Fire Assay Assays Pending

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22