ASARA RESOURCES LIMITED — Capital/Financing Update 2020

Nov 15, 2020

16 November 2020

BROAD ZONES OF DEEP OXIDE GOLD MINERALISATION CONFIRMED AT KADA

West African gold explorer, Golden Rim Resources Ltd (ASX: GMR; Golden Rim or Company ) is very pleased to announce the results of its due diligence drilling at the Kada Gold Project ( Kada ) in Guinea.

Highlights

• Due diligence diamond holes confirm the multiple broad zones of oxide gold mineralisation identified in previous diamond, RC and air core drilling conducted by Newmont.

• Best new intersections include:

• 18m at 2.0g/t gold from 1m in KDH003

• 78m at 1.4g/t gold from 71m in KDH003 including:

  • 10m at 2.1g/t gold from 72m

  • 34m at 2.1g/t gold from 87m

• 7m at 4.3g/t gold from 0m in KDH001 (in laterite)

• 43m at 1.7g/t gold from 109m in KDH001 including:

  • 21m at 2.6g/t gold from 130m

• Interpreted mineralised zones extend north-south for a least 1.4km with a central area of intense mineralisation that is 500m wide and may be controlled by a cross-structure.

• The due diligence holes are located in the east of this 500m wide area. To the west of these holes Newmont drilling returned parallel gold intersections equally as wide .

• Mineralised zones remain open at depth and along strike .

• The new drilling has confirmed a deep oxide zone at Kada. Two of the three new drill holes intersected oxide from surface to more than 130m below surface .

• The oxide zone is also very soft suggesting any mine development could have a considerable proportion of low mining cost, free-digging material .

• The new drilling also confirmed that the flat-lying laterite horizon that covers parts of Kada can be strongly mineralised.

• A preliminary review of the previous metallurgical test work conducted by Newmont indicates that gold mineralisation is amenable to conventional CIL processing .

• The Company’s technical due diligence of Kada is complete and the preparation of the definitive documentation is progressing well. The Company is seeking shareholder approval to acquire an initial interest in Kada, at its Annual General Meeting scheduled to be held on 19 November 2020.

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GOLDEN RIM RESOURCES ASX:GMR Level 23, Collins Square Tower Five, 727 Collins Street, Melbourne, VIC, 3008 T + 61 3 8677 0829 | E info@goldenrim.com.au | goldenrim.com.au

16 November 2020

Comment from the Managing Director

Golden Rim’s Managing Director, Craig Mackay, said:

“Our due diligence drilling at Kada has confirmed the multiple, broad, gold intersections obtained in the previous Newmont drilling.

The drilling has also confirmed that the gold mineralisation is deeply weathered, with an oxide zone extending in places to more than 130m below surface. In addition, the oxide material is so soft we have been able to cut drill core with a knife to obtain the ½ core samples for assaying.

An initial review of the previous Newmont metallurgical test work is also encouraging.

Given the positive attributes of the mineralisation and with a central mineralised core that is 500m wide, Kada appears well suited to low cost open pit mining.

The Company believes the project can be advanced quickly. With nearly 300 previous drill holes, there is an opportunity to calculate a maiden JORC Mineral Resource at Kada in the near-term and then to considerably expand on this Mineral Resource given the exceptional exploration upside in the project area.

The Company is working to finalise the transaction to acquire this exciting new project as soon as possible”.

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Figure 1. Drill section A – A’ along KDH003.

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16 November 2020

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Figure 2. Drill section B – B’ along KDH001, showing KDH001 and KDH002. KDDH002 was drilled oblique to the section.

Due Diligence Drilling

Three diamond drill holes (KDH001 – KDH003) for a total of 456.8m have been completed at Kada as twin holes to the historical Newmont drill holes located in the centre of the non-JORC Newmont gold resource area. The holes twinned were NSAC066 ( 27m at 4.4g/t gold from 96m); NSC001 ( 15m at 2.4g/t gold from 83m and 12m at 3.5g/t gold from 118m); and TC6 ( 32m at 1.3g/t gold from 68m and 19m at 2.7g/t gold from 112m).

Drill hole collar details are provided in Table 1 and hole locations are depicted in Figure 3. The new gold intersections are presented at 0.5g/t gold cut-off and 0.3g/t gold cut-off in Tables 2 and 3 respectively and are depicted on Figures 1 and 2.

In general, the twin hole assay results show a reasonable correlation and confirm the multiple zones of broad gold mineralisation identified in the Newmont drill holes. A comparison of the twin hole gold assay results is provided in Appendix 1 and the gold intersections are depicted on Figures 1 and 2.

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16 November 2020

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Figure 3. Drill hole location plan with interpreted zones of gold mineralisation. Drill sections A – A’ and B – B’ are depicted.

GOLDEN RIM RESOURCES ASX:GMR

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16 November 2020

The gold mineralisation at Kada is associated with quartz-pyrite ± tourmaline veins and veinlets and/or zones of disseminated pyrite ±tourmaline and garnet hosted in interbedded and sheared greywacke and fine-grained tuff units. The interpreted mineralised zones extend north-south for a least 1.4km with a central area of intense mineralisation that is 500m wide and which may be controlled by a cross-structure (Figure 3). Individual zones of gold mineralisation generally range from 5m to 70m in true thickness. These mineralised zones remain open at depth and along strike.

The best new intersections (>5m x g/t gold) include:

KDH001

• 7m at 4.3g/t gold from 0m (in laterite) including:

• 1m at 15.1g/t gold from 1m

• 1m at 11.9g/t gold from 5m

• 19m at 0.5g/t gold from 61m

• 43m at 1.7g/t gold from 109m including:

• 13m at 1.0g/t gold from 111m

• 21m at 2.6g/t gold from 130m.

KDH002

• 8m at 0.8g/t gold from 71m

• 10m at 0.9g/t gold from 130m

• 5.9m at 0.9g/t gold from 145m (hole ended in mineralisation).

KDH003

• 18m at 2.0g/t gold from 1m including:

• 1m at 14.0g/t gold from 15m

• 7m at 0.9g/t gold from 52m

• 78m at 1.4g/t gold from 71m including:

• 10m at 2.1g/t gold from 72m

• 34m at 2.1g/t gold from 87m.

The new drill holes all intersected soft oxide material that extends to 80m below surface in hole DH003 and to more than 130m below surface in holes KDH002 and KDH002 (these holes were terminated in oxide) (Figures 1 and 2).

Core orientation readings were generally difficult to obtain due the soft nature of the mineralised material, however successful readings were obtained towards the bottom of hole in KDH003 in fresh rock. The orientation readings confirm the Company’s interpretation that the zones of gold mineralisation at Kada generally strike north - south and indicate the zones may dip steeply east (~70[0] ).

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16 November 2020

Correlating the results in KDH002 and KDH003 suggests that KDH002 was stopped just short of a strong zone of gold mineralisation. The Company plans to extend KDH002 in the next drilling program.

The drilling confirmed that the flat-lying laterite horizon that covers parts of Kada can be strongly mineralised. The laterite horizon in the top of KDH001 returned 7m at 4.3g/t gold from 0m (Figure 2).

Considerable upside to outline additional gold mineralisation in the area of Newmont drilling is evident. For example, a thick, 70m wide, zone of mineralisation located 200m west of KDH001 – KDH003, which was only drilled by Newmont to ~70m below surface and remains open at depth, offers a priority target for follow-up drilling (Figure 2).

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Photo 1. Oxide drill core from KDH003 (14m – 18.4m) showing the quartz-pyrite ± tourmaline mineralisation associated with gold. Gold assay results as follows: 0.9g/t (14 – 15m); 14.0g/t (15 – 16m); 1.3g/t (16 – 17m); 6.2g/t (17 – 18m); 0.8g/t (18 -19m).

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Photo 2. Fresh drill core from KDH003 (93.5m – 96.1m) showing the quartz-pyrite ± tourmaline mineralisation associated with gold. Gold assay results as follows: 1.1g/t (93 – 94m); 2.1g/t (94 – 95m); 30.1g/t (95 – 96m); 5.9g/t (96 – 97m).

Metallurgical Review

A preliminary review of the limited Newmont metallurgical test work, mineralogy data and petrography indicates that the gold mineralisation at Kada is amenable to conventional CIL processing with reasonable recoveries at a 200 mesh (74µm) grind size. None of the mineralogy data or petrography suggests preg-robbing (organic carbon) or strongly refractory mineralisation (arsenopyrite).

The Company intends to conduct an early program of additional metallurgical test work following the completion of the acquisition.

Progress of the Kada Transaction

On 27 July 2020, the Company announced that it had executed a binding Heads of Agreement to acquire up to a 75% interest in Kada.

The Company’s technical due diligence of Kada is complete and the preparation of the definitive documentation is progressing well. The Company is seeking shareholder approval to acquire an initial 25% interest in Kada, at its Annual General Meeting scheduled to be held on 19 November 2020.

-ENDS-

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16 November 2020

About the Kada Gold Project

The Kada Gold Project ( Kada ) comprises two exploration permits (Kada and Bamfele) and covers an area of 200km[2] in eastern Guinea. It is located in the central Siguiri Basin and it lies 36km along strike from and to the south of the 10Moz Siguiri Gold Mine operated by AngloGold Ashanti (Figure 4). Kada is an advanced project, having previously been explored by Newmont.

Newmont completed 33,857m of drilling ( 297 holes ) and outlined a non-JORC gold resource at Kada. With infill drilling, Golden Rim believes it can calculate a maiden JORC Mineral Resource in the nearterm.

There is considerable exploration upside at Kada. The gold mineralisation in the Newmont gold resource area remains open along strike and at depth. Only around 2% of the project area has been subjected to any exploration drilling and approximately 90% of the gold-in-soil anomalies remain untested at the Kada, including sample sites that have returned values up to 22,470ppb gold (22.5g/t gold) . Granite contact target areas are considered a priority for exploration.

The Heads of Agreement to acquire up to a 75% interest in Kada is subject to various conditions including completion of due diligence, execution of definitive documentation and approval of Golden Rim shareholders to issue consideration shares for an initial 25% interest in the project, to the vendor.

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Figure 4. Kada Gold Project Permits with gold-in-soil anomalies on published geology.

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16 November 2020

Competent Persons Statements

The information in this report relating to previous exploration results are extracted from the announcements: Drilling Commences at the Kada Gold Project in Guinea, dated 25 September 2020; and Heads of Agreement to Acquire the Kada Gold Project in Guinea dated 27 July 2020. These reports are available on the Company’s website (www.goldenrim.com.au). The Company confirms that it is not aware of any new information or data that materially affects the information included in these announcements.

The information in this report that relates to exploration results is based on information compiled by Craig Mackay, a Competent Person, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Mackay is a full-time employee of the Company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

Certain statements in this document are or maybe “forward-looking statements” and represent Golden Rim’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Golden Rim, and which may cause Golden Rim’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or assumptions.

Contact Information:

Golden Rim Resources Ltd

ABN 39 006 710 774

Craig Mackay Managing Director

+61 3 8677 0829 craig@goldenrim.com.au

This announcement was authorised for release by the Board of Golden Rim Resources Ltd.

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16 November 2020

Table 1. New DD drill hole collar details

Hole ID	Easting (m)	Northing (m)	RL(m)	Dip (o)	Azimuth(o)	EOH(m)
KDH001	456,605	1,224,008	386	-50	295	155
KDH002	456,605	1,224,007	386	-50	308	150.9
KDH003	456,501	1,224,170	378	-50	270	150.9

Notes:

• KDH prefix denotes diamond (DD) drilling at Kada

• Co-ordinate projection UTM, WGS 84 zone 29 North

Table 2. Significant Intercepts (≥0.5 g/t gold) from the diamond drilling at Kada

Hole ID	From (m)	To (m)	Significant Gold Intersections (≥0.5g/t gold)
KDH001	0	7	7m at 4.3g/t
	1	2	incl. 1m at 15.1g/t
	2	3	incl. 1m void
	5	6	incl. 1m at 11.9g/t
	14	15	1m at 0.6g/t
	16	17	1m at 0.5g/t
	20	21	1m at 1.5g/t
	29	30	1m at 0.5g/t
	37	38	1m at 1.0g/t
	61	80	19m at 0.5g/t
	111	124	13m at 1.0g/t
	130	151	21m at 2.6g/t
	149	150	incl. 1m at 19.0g/t
KDH002	6	7	1m at 1.0g/t
	18	19	1m at 1.0g/t
	37	39	2m at 0.8g/t
	48	49	1m at 0.5g/t
	59	61	2m at 1.0g/t
	71	79	8m at 0.8g/t
	85	86	1m at 0.7g/t
	96	97	1m at 1.0g/t
	101	102	1m at 1.5g/t
	111	112	1m at 2.4g/t
	118	122	4m at 0.5g/t
	130	140	10m at 0.9g/t
	145	150.9	5.9m at 0.9g/t
KDH003	1	19	18m at 2.0g/t
	15	16	incl. 1m at 14.0g/t
	35	41	6m at 0.8g/t
	45	46	1m at 1.0g/t
	52	59	7m at 0.9g/t
	72	82	10m at 2.1g/t
	87	121	34m at 2.1g/t
	95	96	incl. 1m at 30.1g/t
	125	135	10m at 0.9g/t
	139	142	3m at 1.3g/t

Notes:

• Intercept cut-off grade is 0.5g/t gold

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• Intervals are reported with a maximum of 3m of internal dilution unless the total intercept grade falls below 0.5g/t gold

• Sample preparation and assaying conducted by SGS Laboratory in Bamako, Mali.

• Assayed by 50g charge fire assay with Atomic Absorption Spectrometry (AAS) finish (FAA515)

• Any assays over 10,000ppb are assayed with a gravimetric assay (FAA505).

Table 3. Significant intercepts (≥0.3 g/t gold) from the diamond drilling at Kada

Hole ID	From (m)	To (m)	Significant Gold Intersections (≥0.3g/t gold)
KDH001	0	7	7m at 4.3g/t
	1	2	incl. 1m at 15.1g/t
	2	3	incl. 1m void
	5	6	incl. 1m at 11.9g/t
	14	21	7m at 0.4g/t
	25	26	1m at 0.3g/t
	29	30	1m at 0.5g/t
	37	39	2m at 0.6g/t
	55	58	3m at 0.3g/t
	61	80	19m at 0.5g/t
	94	95	1m at 0.4g/t
	99	101	2m at 0.3g/t
	109	152	43m at 1.7g/t
	149	150	incl. 1m at 19.0g/t
KDH002	1	7	6m at 0.4g/t
	5	6	Incl. 1m void
	11	12	1m at 0.3g/t
	18	21	3m at 0.5g/t
	27	28	1m at 0.4g/t
	37	39	2m at 0.8g/t
	48	49	1m at 0.5g/t
	57	63	6m at 0.5g/t
	68	91	23m at 0.4g/t
	96	97	1m at 1.0g/t
	101	102	1m at 1.5g/t
	111	112	1m at 2.4g/t
	118	122	4m at 0.5g/t
	127	140	13m at 0.7g/t
	145	150.9	5.9m at 0.9g/t
KDH003	1	23	22m at 1.7g/t
	15	16	incl. 1m at 14.0g/t
	31	41	10m at 0.5g/t
	45	60	15m at 0.6g/t
	71	149	78m at 1.4g/t
	95	96	incl. 1m at 30.1g/t

Notes:

• Intercept cut-off grade is 0.3g/t gold

• Intervals are reported with a maximum of 3m of internal dilution unless the total intercept grade falls below 0.3g/t gold

• Sample preparation and assaying conducted by SGS Laboratory in Bamako, Mali.

• Assayed by 50g charge fire assay with Atomic Absorption Spectrometry (AAS) finish (FAA515)

• Any assays over 10,000ppb are assayed with a gravimetric assay (FAA505).

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ABOUT GOLDEN RIM RESOURCES

Golden Rim Resources Limited is an ASX listed exploration company with a portfolio of advanced minerals projects in Burkina Faso and Guinea, West Africa and in Chile, South America.

The Company discovered and has outlined a 2Moz Mineral Resource at the Kouri Gold Project, located in north-east Burkina Faso. Kouri is currently Golden Rim’s flagship project and it covers 325km2 of highly prospective Birimian greenstones. As exploration progresses, significant additional gold mineralisation, including a high-grade gold shoot, has been discovered and the gold inventory at Kouri is expected to grow.

The Company recently announced an agreement to acquire the Kada Gold Project in eastern Guinea. Guinea remains one of the most under-explored countries in West Africa. Kada was previously explored by Newmont who completed 34km of drilling and defined a non-JORC gold resource. With infill drilling Golden Rim believes a maiden JORC Mineral Resource can be defined at Kada in the nearterm.

In northern Chile, Golden Rim has the Paguanta Silver-Lead-Zinc-Copper Project. Historically a silver mine, the Company has outlined a Mineral Resource comprising 6.8Moz silver, 74Mlb lead and 265Mlb zinc at Paguanta. The Mineral Resource remains open. In addition, the project has several exceptional porphyry-copper targets that remain untested. With Golden Rim’s focus on gold in West Africa, the Company is seeking to divest the project.

ASX:GMR

Market Capitalisation: A$25million Shares on Issue: 1,791million

T + 61 3 8677 0829 | E info@goldenrim.com.au | goldenrim.com.au

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Appendix 1. Comparison of Assay Results from Twinned Holes

Section 1. Diamond hole KDH001(Golden Rim) and air core hole NSAC066 (Newmont)

			KDH001		NSAC066
From	To	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
0	1	0.7	**7m at 4.3g/t **	0.0	Void
1	2	15.1	**incl. 1m at 15.1g/t **	0.7	4m at 1.4g/t
2	3	0.0	Void	0.6
3	4	0.3		3.4
4	5	0.4		0.8
5	6	11.9	**incl. 1m at 11.9g/t **	0.2
6	7	1.6		0.2
7	8	0.1		0.1
8	9	0.1		0.1
9	10	0.1		0.0
10	11	0.1		0.0
11	12	0.0		0.0
12	13	0.1		0.1
13	14	0.1		0.2
14	15	0.6	1m at 0.6g/t	0.1
15	16	0.0		0.0
16	17	0.5	1m at 0.5g/t	0.1
17	18	0.0		0.2
18	19	0.0		0.0
19	20	0.1		0.1
20	21	1.5	1m at 1.5g/t	0.1
21	22	0.0		0.1
22	23	0.1		0.1
23	24	0.0		6.2	1m at 6.2g/t
24	25	0.1		0.1
25	26	0.3		0.0
26	27	-999.0		0.0
27	28	0.2		0.0
28	29	0.0		0.0
29	30	0.5	1m at 0.5g/t	0.1
30	31	0.1		0.1
31	32	0.0		0.0
32	33	0.0		0.1
33	34	0.1		0.0
34	35	0.0		0.0
35	36	0.0		0.2
36	37	0.1		0.2
37	38	1.0	1m at 1.0g/t	0.3
38	39	0.3		0.1
39	40	0.2		0.1
40	41	0.0		0.0
41	42	0.1		0.0
42	43	0.1		0.1
43	44	0.0		0.0

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			KDH001		NSAC066
From	To	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
44	45	0.0		0.1
45	46	0.0		0.4
46	47	0.0		0.1
47	48	0.0		0.1
48	49	0.0		0.8	1m at 0.8g/t
49	50	0.0		0.1
50	51	0.0		0.1
51	52	0.0		0.1
52	53	0.0		0.1
53	54	0.1		0.1
54	55	0.2		0.0
55	56	0.4		0.1
56	57	0.0		0.1
57	58	0.4		0.0
58	59	0.1		0.1
59	60	0.2		0.0
60	61	0.1		0.2
61	62	1.3	19m at 0.5g/t	0.4
62	63	0.1		2.2	1m at 2.2g/t
63	64	0.5		0.3
64	65	0.2		0.2
65	66	0.0		0.0
66	67	0.1		0.2
67	68	1.9		1.1	1m at 1.1g/t
68	69	0.0		0.2
69	70	0.2		0.1
70	71	0.1		0.1
71	72	0.7		0.0
72	73	0.1		0.1
73	74	0.1		0.0
74	75	0.9		0.0
75	76	0.1		0.0
76	77	1.0		0.1
77	78	0.0	No sample	0.6	8m at 1.2g/t
78	79	0.2		0.0
79	80	2.2		0.8
80	81	0.0	No sample	5.9
81	82	0.1		0.4
82	83	0.0		0.3
83	84	0.0		1.2
84	85	0.0		0.5
85	86	0.1		0.1
86	87	-999.0	No sample	0.0
87	88	0.1		0.5
88	89	0.0		0.0
89	90	0.0		0.1
90	91	0.0		0.0
91	92	0.2		0.0

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			KDH001		NSAC066
From	To	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
92	93	0.2		0.0
93	94	0.1		0.2
94	95	0.4		0.3
95	96	0.0		0.4
96	97	0.1		3.6	**27m at 4.4g/t **
97	98	0.0		3.1
98	99	0.1		1.6
99	100	0.3		0.2
100	101	0.3		0.6
101	102	0.2		1.2
102	103	0.1		0.5
103	104	0.1		0.3
104	105	0.1		4.8
105	106	0.0		0.1
106	107	0.1		0.4
107	108	0.1		0.4
108	109	0.1		5.4
109	110	0.5		11.2	**incl. 1m at 11.2g/t **
110	111	0.3		3.0
111	112	0.6	**13m at 1.0g/t **	3.2
112	113	1.6		27.5	**incl. 2m at 26.6g/t **
113	114	1.2		25.7
114	115	0.3		2.4
115	116	1.1		0.2
116	117	0.1		0.1
117	118	6.0		5.5
118	119	0.1		7.4
119	120	0.1		1.1
120	121	0.6		0.6
121	122	1.0		2.9
122	123	0.0	No sample	7.0	End of Hole
123	124	0.8
124	125	0.1
125	126	0.3
126	127	0.3
127	128	0.1
128	129	0.3
129	130	0.2
130	131	1.7	**21m at 2.6g/t **
131	132	1.2
132	133	1.5
133	134	0.1
134	135	1.4
135	136	0.9
136	137	0.3
137	138	5.9
138	139	1.3
139	140	7.2

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			KDH001		NSAC066
From	To	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
140	141	0.3
141	142	0.3
142	143	0.3
143	144	1.5
144	145	0.1
145	146	0.8
146	147	0.6
147	148	4.9
148	149	3.1
149	150	19.0	**incl. 1m at 19.0g/t **
150	151	3.0
151	152	0.3
152	153	0.0
153	154	0.0
154	155	0.0

Section 2. Diamond hole KDH002 (Golden Rim) and diamond hole NSC001 (Newmont)

From	To		KDH002		NSC001
		Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
0	1	0.0	no sample	0.9	4m at 0.5g/t
1	2	0.5		0.5
2	3	0.3		0.3
3	4	0.5		0.5
4	5	0.4		0.3
5	6	0.0	Void	0.2
6	7	1.0	1m at 1.0g/t	0.2
7	8	0.1		0.8	1m at 0.8g/t
8	9	0.1		0.1
9	10	0.0		0.0
10	11	0.1		0.0
11	12	0.3		0.0
12	13	0.1		0.0
13	14	0.0		0.4
14	15	-999.0	No sample	0.4
15	16	0.1		1.1	1m at 1.1g/t
16	17	0.1		0.0
17	18	-999.0	No sample	0.0
18	19	1.0	1m at 1.0g/t	0.0
19	20	0.2		0.1
20	21	0.4		0.1
21	22	0.1		0.0

GOLDEN RIM RESOURCES ASX:GMR 17

16 November 2020

From	To		KDH002		NSC001
		Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
22	23	0.1		0.0
23	24	0.1		0.0
24	25	0.0		0.0
25	26	0.0		0.0
26	27	0.2		0.6	2m at 9.6g/t
27	28	0.4		18.6	incl. 1m at 18.6g/t
28	29	0.0		0.1
29	30	0.0		0.1
30	31	0.0		0.0
31	32	0.0		0.0
32	33	0.0		0.1
33	34	0.0		0.3
34	35	0.1		0.0
35	36	0.1		0.3
36	37	0.2		0.5	1m at 0.5g/t
37	38	1.0	2m at 0.8g/t	0.0
38	39	0.6		0.4
39	40	0.1		0.4
40	41	0.0		0.2
41	42	0.0		0.2
42	43	0.1		0.0
43	44	0.0		0.1
44	45	0.0		0.1
45	46	0.0		0.1
46	47	0.0		0.1
47	48	0.0		0.0
48	49	0.5	1m at 0.5g/t	0.0
49	50	0.1		0.0
50	51	0.1		0.1
51	52	0.2		0.0
52	53	0.1		0.0
53	54	0.0		0.2
54	55	0.1		0.0
55	56	0.1		0.9	3m at 0.7g/t
56	57	0.2		0.1
57	58	0.4		1.0
58	59	0.2		0.3
59	60	0.7	2m at 1.0g/t	0.2
60	61	1.3		0.2
61	62	0.1		0.1
62	63	0.4		0.3

GOLDEN RIM RESOURCES ASX:GMR 18

16 November 2020

From	To		KDH002		NSC001
		Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
63	64	0.1		0.0
64	65	0.0		0.0
65	66	0.0		0.0
66	67	0.0		0.1
67	68	0.1		0.0
68	69	0.4		1.2	1m at 1.2g/t
69	70	0.2		0.0
70	71	0.1		0.0
71	72	0.6	8m at 0.8g/t	0.0
72	73	0.1		0.2
73	74	0.2		0.7	6m at 0.6g/t
74	75	0.1		0.1
75	76	1.2		0.8
76	77	0.3		0.2
77	78	0.7		0.1
78	79	3.2		2.0
79	80	0.0		0.1
80	81	0.1		0.0
81	82	0.3		0.0
82	83	0.3		0.0
83	84	0.0	No sample	2.3	15m at 2.7g/t
84	85	0.1		0.6
85	86	0.7	1m at 0.7g/t	0.1
86	87	0.4		0.0
87	88	0.1		0.0
88	89	0.0		19.0	incl. 1m at 19.0g/t
89	90	0.0		2.2
90	91	0.3		0.2
91	92	0.2		0.2
92	93	0.1		12.4	incl. 1m at 12.4g/t
93	94	0.1		0.2
94	95	0.1		0.5
95	96	0.2		0.9
96	97	1.0	1m at 1.0g/t	0.4
97	98	0.1		1.5
98	99	0.1		0.3
99	100	0.1		0.2
100	101	0.2		0.5
101	102	1.5	1m at 1.5g/t	0.2
102	103	0.1		0.4
103	104	0.0		0.1

GOLDEN RIM RESOURCES ASX:GMR 19

16 November 2020

From	To		KDH002		NSC001
		Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
104	105	0.0		0.1
105	106	0.0		0.1
106	107	0.0		0.0
107	108	0.0		0.1
108	109	0.0		0.0
109	110	0.0		0.3
110	111	0.1		0.2
111	112	2.4	1m at 2.4g/t	0.1
112	113	0.0		0.6	2m at 0.7g/t
113	114	0.1		0.9
114	115	0.2		0.1
115	116	0.2		0.1
116	117	0.2		0.2
117	118	0.0		0.3
118	119	1.1	4m at 0.5g/t	0.8	12m at 3.5g/t
119	120	0.1		0.4
120	121	0.1		0.6
121	122	0.5		11.0	incl. 1m at 11.0g/t
122	123	0.0		1.1
123	124	0.0		0.1
124	125	0.0		0.1
125	126	-999.0	No sample	0.3
126	127	0.0		20.4	incl. 1m at 20.4g/t
127	128	0.4		0.9
128	129	0.1		3.9
129	130	0.1		2.3
130	131	0.6	10m at 0.9g/t	0.2
131	132	0.1		0.2
132	133	1.4		0.4
133	134	0.3		0.2
134	135	0.1		0.5
135	136	0.5		0.2
136	137	0.5		0.1
137	138	1.1		0.8	2m at 0.7g/t
138	139	0.2		0.5
139	140	4.0		0.2
140	141	0.0		0.1
141	142	0.0		0.0
142	143	0.0		0.2
143	144	0.0		0.1
144	145	0.1		0.1

GOLDEN RIM RESOURCES ASX:GMR 20

16 November 2020

From	To	Gold (g/t)	KDH002		NSC001
			Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
145	146	1.8	6m at 0.9g/t	0.2
146	147	0.5		0.1
147	148	0.1		0.1
148	149	0.1		0.7	5m at 0.4g/t
149	150	2.2		0.2
150	150.9	0.9	Ended in Mineralisation	0.1

Section 3. Diamond hole KDH003 (Golden Rim) and diamond hole TC6 (Newmont)

From	To		KDH003		TC6
		Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
0	1	-999.0		1.0	19m at 1.0g/t
1	2	1.7	18m at 2.0g/t	0.9
2	3	1.5		0.9
3	4	0.9		0.9
4	5	0.7		0.5
5	6	0.5		0.4
6	7	0.3		0.2
7	8	0.2		0.1
8	9	0.4		1.6
9	10	4.6		2.1
10	11	0.4		2.9
11	12	0.4		1.1
12	13	0.6		0.2
13	14	0.8		0.1
14	15	0.9		0.1
15	16	14.0	incl. 1m at 14.0g/t	1.1
16	17	1.3		2.5
17	18	6.2		2.5
18	19	0.8		0.8
19	20	-999.0	No sample	0.2
20	21	0.0		0.1
21	22	0.0		0.3
22	23	0.4		0.1
23	24	-999.0	No sample	0.2
24	25	0.1		0.1
25	26	0.1		2.7	2m at 1.8g/t
26	27	-999.0	No sample	0.9
27	28	0.0		0.1
28	29	0.0		0.1

GOLDEN RIM RESOURCES ASX:GMR 21

16 November 2020

From	To		KDH003		TC6
		Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
29	30	0.2		0.0
30	31	0.0		0.0
31	32	0.3		0.0
32	33	0.1		0.0
33	34	0.0		0.1
34	35	0.2		0.1
35	36	0.6	6m at 0.8g/t	0.1
36	37	0.8		0.1
37	38	1.0		0.2
38	39	0.6		0.8	1m at 0.8g/t
39	40	0.5		0.2
40	41	1.2		0.3
41	42	0.1		0.5
42	43	0.2		0.1
43	44	0.1		1.2	9m at 0.9g/t
44	45	0.1		1.5
45	46	1.0	1m at 1.0g/t	0.5
46	47	0.0		0.6
47	48	0.0		1.2
48	49	0.1		1.1
49	50	0.5		1.1
50	51	0.4		0.2
51	52	0.4		0.5
52	53	0.8	7m at 0.9g/t	0.1
53	54	0.6		0.1
54	55	0.1		0.1
55	56	0.1		0.1
56	57	0.0		0.1
57	58	1.6		0.1
58	59	3.4		0.1
59	60	0.4		0.0
60	61	0.1		0.6	3m at 0.8g/t
61	62	0.1		0.6
62	63	0.0		1.1
63	64	0.2		0.1
64	65	0.1		0.1
65	66	0.0		0.5
66	67	0.0		0.3
67	68	0.0		-999.0	No sample
68	69	0.2		0.7	32m at 1.3g/t
69	70	0.0		0.8

GOLDEN RIM RESOURCES ASX:GMR 22

16 November 2020

From	To		KDH003		TC6
		Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
70	71	0.2		0.6
71	72	0.4		0.7
72	73	0.8	10m at 2.1g/t	2.4
73	74	1.0		0.2
74	75	0.4		0.6
75	76	1.3		0.9
76	77	2.5		1.1
77	78	3.8		1.5
78	79	6.3		2.6
79	80	2.4		0.7
80	81	1.0		0.2
81	82	1.9		0.8
82	83	0.1		0.6
83	84	0.1		0.7
84	85	0.4		0.4
85	86	0.3		0.1
86	87	0.4		0.7
87	88	2.5	34m at 2.1g/t	0.5
88	89	2.4		1.0
89	90	1.3		6.3
90	91	0.7		2.5
91	92	0.8		1.4
92	93	1.7		1.6
93	94	1.1		1.0
94	95	2.1		1.6
95	96	30.1	incl. 1m at 30.1g/t	2.7
96	97	5.9		0.9
97	98	0.8		1.0
98	99	0.5		2.7
99	100	0.1		2.2
100	101	0.7		0.1
101	102	0.7		0.4
102	103	0.2		0.2
103	104	1.4		0.3
104	105	0.4		0.3
105	106	1.5		0.6	1m at 0.6g/t
106	107	1.9		0.4
107	108	2.0		0.0
108	109	1.6		0.4
109	110	0.9		0.0
110	111	2.0		0.2

GOLDEN RIM RESOURCES ASX:GMR 23

16 November 2020

From	To		KDH003		TC6
		Gold (g/t)	Significant Intercepts (0.5g/t cut-off)	Gold (g/t)	Significant Intercepts (0.5g/t cut-off)
111	112	0.1		0.3
112	113	0.1		0.7	19m at 2.7g/t
113	114	0.2		1.5
114	115	1.4		4.9
115	116	0.6		2.0
116	117	1.4		2.3
117	118	1.3		15.6	incl. 1m at 15.6g/t
118	119	1.2		2.3
119	120	0.6		1.7
120	121	1.2		1.2
121	122	0.1		1.2
122	123	0.4		0.8
123	124	0.1		0.4
124	125	0.4		0.3
125	126	0.7	10m at 0.9g/t	1.2
126	127	0.2		1.2
127	128	1.4		2.1
128	129	1.4		6.8
129	130	1.2		1.4
130	131	1.1		3.9
131	132	0.7		0.2
132	133	0.2		0.4
133	134	0.9		0.3
134	135	0.7		0.2
135	136	0.4		0.1
136	137	0.1		0.0
137	138	0.1		0.0
138	139	0.2		0.4
139	140	1.4	3m at 1.3g/t	0.0
140	141	1.2		0.0
141	142	1.4		0.4
142	143	0.1		0.8	3m at 1.2g/t
143	144	0.3		0.6
144	145	0.1		2.2
145	146	0.0		0.3
146	147	0.3		0.0
147	148	0.1		0.1
148	149	0.3		0.3
149	150	0.1		0.0
150	150.9	0.1		0.0

GOLDEN RIM RESOURCES ASX:GMR 24

16 November 2020

Appendix 2: JORC Code (2012 Edition), Assessment and Reporting Criteria

Section 1 Sampling Techniques and Data and Section 2 Reporting of Exploration Results were compiled by Golden Rim and reviewed by RPM. Section 3 Estimation and Reporting of Mineral Resources was compiled solely by RPM, who takes responsibility for this section.

Section 1: Sampling Techniques and Data

Criteria	JORC Code Explanation	Explanation
Sampling Techniques	Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.	The sampling described in this report refers to diamond (DD) drilling. A total of 3 diamond were drilled (at variable spacing) between September and October June 2020. Hole depths range from 150.9m to 155m. The average hole depth is 152.3m. Samples were all collected by qualified geologists or under geological supervision. The samples are judged to be representative of the rock being drilled. The nature and quality of sampling is carried out under QAQC procedures as per industry standards. Diamond drilling sampling include both half-core and quarter-core samples of PQ and HQ core size.
	Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.	Sampling is guided by Golden Rim’s protocols and Quality Control procedures as per industry standards. The diamond drilling was sampled using a geologic lithology and/or mineralisation boundary bracketing system whereby samples are no less than 0.5m and no more than 2.0m. The drill core was cut in half with a core-saw on site. Half of the core was sampled (left side), retaining the other half on site.
	Aspects of the determination of mineralisation that are Material to the Public Report.	Diamond drilling samples are firstly crushed using a Jaw Crusher and there after crushed to 90% passing -2mm using a RSD Boyd crusher. A less than 1kg split sample is then pulverised via LM2 to a nominal 85% passing - 75μm. Assayed by 50g charge fire assay with Atomic Absorption Spectrometry (AAS) finish (FAA515) Any assays over 10,000ppb are assayed with a gravimetric assay (FAA505).
Drilling Techniques	Drill type (e.g. core, reverse circulation, open- hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).	Diamond drilling was carried out by Sahara Geoservices. The rig is a CORETECH YDX-3L rig with HQ 63mm triple tube rods Core is orientated using a digital Reflex ACT II RD orientation tool.

GOLDEN RIM RESOURCES ASX:GMR 25

16 November 2020

Criteria	JORC Code Explanation	Explanation
		The location of each hole was recorded by handheld GPS with positional accuracy of approximately +/-5m. Location data was collected in WGS 84, UTM zone 29N. All drill holes were planned to be drilled at -50 degrees. This is considered an optimum angle for intersecting the mineralisation. Downhole surveying occurred (where-ever possible) at 30m intervals down hole.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed.	Diamond drilling core was collected in aluminium boxes; labelled with the name of the drill hole, box number and from-to meterage. Drill core strings are identified at the start an end of each string with wooden blocks.
	Measures taken to maximise sample recovery and ensure representative nature of the samples.	Drill samples are visually checked for recovery, moisture and contamination. Diamond drilling recoveries are logged and recorded in the database. Overall recoveries are >90% for the diamond drilling core There are no significant sample recovery problems. A technician is always present at the rig to monitor and record recovery.
	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.	No relationship is seen to exist between sample recovery and grade. No sample bias is due to preferential loss/gain of any fine/coarse material due to the acceptable sample recoveries obtained by both drilling methods.
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.	Geotechnical logging was carried out on all diamond drill holes for recovery, RQD and number of defects (per interval). Information on structure type, dip, dip direction, alpha angle, beta angle, texture, shape, roughness and fill material is stored in the structure/geotechnical table of the database. Logging of diamond drilling core recorded lithology, mineralogy, mineralisation, structural (diamond drilling only), weathering, alteration, colour and other features of the samples. The geological logging was done using a standardised logging system. This information and the sampling details were transferred into Golden Rim’s drilling database. All drilling has been logged to a standard that is appropriate for the category of Resource which is being reported.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	Logging is both qualitative and quantitative, depending on the field being logged.

GOLDEN RIM RESOURCES ASX:GMR 26

16 November 2020

Criteria	JORC Code Explanation	Explanation
		The drill core was photographed in both dry and wet form.
	The total length and percentage of the relevant intersections logged.	All holes are logged in full and to the total length of each drill hole. 100% of each relevant intersection is logged in detail.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken.	Core orientation is completed for all diamond drilling holes. All holes are marked up prior to sampling. Sample intervals are determined by a geologist during logging. The standard sample interval for diamond drilling is between 0.5 to 2m lengths of half core. The sampling interval may be broken at changes in geology or mineral zone, so the length of the sample interval can vary. Longitudinally cut half core samples are produced by a technician using a core saw. Samples are weighed and recorded. Half of the core is stored in the tray for backup purposes, while the other half (left) is collected in a plastic bag for laboratory analysis.
	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	No non-core in this program
	For all sample types, the nature, quality and appropriateness of the sample preparation technique.	Samples were transported by road to SGS Laboratory in Bamako, Mali. The sample preparation for all samples follows industry best practice. At the laboratory, all samples were weighed, dried and crushed to -2mm in a jaw crusher. A split of the crushed sample was subsequently pulverised in a ping mill to achieve a nominal particle size of 90% passing 75 μm.
	Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.	Golden Rim has protocols that cover the sample preparation at the laboratories and the collection and assessment of data to ensure that accurate steps are used in producing representative samples. The crusher and pulveriser are flushed with barren material at the start of every batch.
	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.	Sampling is carried out in accordance with Golden Rim’s protocols as per industry best practice. Field QC procedures involve the use of certified reference material as assay standards and, blanks. The insertion rate of these averaged 3:30.
	Whether sample sizes are appropriate to the grain size of the material being sampled.	The sample sizes are considered appropriate to correctly represent the style of mineralisation, the thickness and consistency of the intersections.

GOLDEN RIM RESOURCES ASX:GMR 27

16 November 2020

Criteria	JORC Code Explanation	Explanation
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.	Assayed by 50g charge fire assay with Atomic Absorption Spectrometry (AAS) finish (FAA515) Any assays over 10,000ppb are assayed with a gravimetric assay (FAA505). The analytical method is considered appropriate for this mineralisation style and is of industry standard. The quality of the assaying and laboratory procedures are considered to be appropriate for this deposit type.
	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.	No geophysical tools were used to determine any element concentrations.
	Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	Sample preparation checks for fineness were carried out by the laboratory as part of their internal procedures to ensure the grind size of 90% passing 75 microns. Internal laboratory QAQC checks are reported by the laboratory. Review of the internal laboratory QAQC suggests the laboratory is performing within acceptable limits.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	Reported results are compiled and verified by the Company’s Senior Geologist and the Managing Director.
	The use of twinned holes.	None of the drill holes in this report are twinned.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	Primary field data is collected by Golden Rim geologists on standardised logging sheets. This data is compiled and digitally captured. The compiled digital data is verified and validated by the Company’s database geologist.
	Discuss any adjustment to assay data.	The primary data is kept on file. There were no adjustments to the assay data.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	Down-hole surveys were completed at the end of every hole (where possible) using a Reflex down-hole survey tool. Measurements were taken at approximately every 50 meters. At the completion of the program all holes are surveyed with a DGPS, which has locational accuracy of +/- 0.1m, X, Y and Z.
	Specification of the grid system used.	Location data was collected in UTM grid WGS84, zone 29 North.

GOLDEN RIM RESOURCES ASX:GMR 28

16 November 2020

Criteria	JORC Code Explanation	Explanation
	Quality and adequacy of topographic control.	Topographic control was established by using a survey base station.
Data spacing and distribution	Data spacing for reporting of Exploration Results.	Drilling conducted was irregularly spaced.
	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.	Drill data spacing and distribution are sufficient to establish the geological and grade continuity appropriate for due diligence of the previous drill data.
	Whether sample compositing has been applied.	There was no sample composting.
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.	All drill holes reported here were drilled approximately at right angles to the strike of the target mineralisation.
	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	No orientation-based sampling bias has been identified in the data at this point.
Sample security	The measures taken to ensure sample security.	Samples are stored on site prior to road transport by Company personnel to the laboratory in Bamako, Mali.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	There has been no external audit or review of the Company’s techniques or data.

GOLDEN RIM RESOURCES ASX:GMR 29

16 November 2020

Section 2: Reporting of Exploration Results

Criteria	JORC Code explanation	Explanation
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 reported drilling results are from the Kada permit. Golden Rim can acquire up to a 75% interest in the Kada permit.
	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.	Tenure is in good standing.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	The area that is presently covered by the Kada permit has undergone some previous mineral exploration.
Geology	Deposit type, geological setting and style of mineralisation.	The Kada Project covers an area of 200km2 and is located in the central Siguiri Basin. It lies 36km along strike from and to the south of the 10Moz Siguiri Gold Mine operated by AngloGold Ashanti.
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: • easting and northing of the drill hole collar elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar • dip and azimuth of the hole • down hole length and interception depth • hole length.	Appropriate locality maps for some of the holes also accompanies this announcement. Further information referring to the drill hole results can be found on Golden Rim’s website http://www.goldenrim.com.au/site/News-and- Reports/ASX-Announcements
	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.	There has been no exclusion of information.
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.	All diamond samples were taken at 1m intervals. For the 0.5 g/t Au cut-off calculations, up to 3m (down hole) of internal waste, unless the total intercept grade falls below 0.5 g/t gold. For the 0.3 g/t Au cut-off calculations, up to 3m (down hole) of internal waste, unless the total intercept grade falls below 0.3 g/t gold (Mineral Resource). No weighting or high-grade cutting techniques have been applied to the data reported.

GOLDEN RIM RESOURCES ASX:GMR 30

16 November 2020

Criteria	JORC Code explanation	Explanation
		Assay results are generally quoted rounded to 1 decimal place.
	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.	Not applicable in this document as no exploration results are announced.
	The assumptions used for any reporting of metal equivalent values should be clearly stated.	Metal equivalent values are not reported in this announcement.
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results.	The orientation of the mineralised zone has been established and the drilling was planned in such a way as to intersect mineralisation in a perpendicular manner.
	If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.	Not applicable in this document as no exploration results are announced.
	If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).	Not applicable in this document as no exploration results are announced.
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Maps are provided in the main text.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high- grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	The accompanying document is considered to represent a balanced report.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	There is no other exploration data which is considered material to the results reported in the announcement.
Further work	The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).	Exploration and infill drilling will continue to target projected lateral and depth extensions of the mineralisation and to increase the confidence in the Mineral Resource.
	Diagrams clearly highlighting the areas of possible extensions,includingthe main	Refer to main body of this report.

GOLDEN RIM RESOURCES ASX:GMR 31

16 November 2020

Criteria	JORC Code explanation	Explanation
	geological interpretations and future drilling areas, provided this information is not commercially sensitive.

GOLDEN RIM RESOURCES ASX:GMR 32