AURIS MINERALS LIMITED — Capital/Financing Update 2021

Nov 1, 2021

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2 November 2021

FURTHER SIGNIFICANT GOLD MINERALISATION RETURNED FROM AIR CORE DRILLING AT FEATHER CAP GOLD PROJECT, WA

Highlights:

• Significant gold intercept of 10m @ 1.22g/t Au from 85m (DEAC0075) returned from Air Core drilling at Durack East Prospect- further supports the interpretation of a 2.5km extension of the Morck Well gold mineralised trend into AUR’s 100% owned Feather Cap Gold Project

• Hole DEAC0075 is located 560m along strike to the northwest from the recently reported high-grade intercept of 8m @ 5.44g/t Au from 87m, including 1m @ 26.7g/t Au from 87m (DEAC0089)*

• New intercept also 970m to the east of historical RAB drilling by Geopeko which returned 20m @ 3.01g/t Au from 40m, including 4m @ 10.7g/t Au from 40m (JR60)[# ] , and not closed by the recent adjacent AUR drilling.

• Significant scale (1km) zone between gold mineralisation in DEAC0075 and JR60 is inadequately tested by shallow historical RAB drilling, and now a priority for AUR.

• Follow-up priority RC and Air Core drill hole programmes have been generated:

• RC drilling to confirm and extend gold mineralisation on priority sections is expected to commence as soon as a suitable RC rig can be sourced

• A Heritage Survey has now been commissioned covering the mineralised trend and upon receipt of heritage clearance and remaining results, infill Air Core drilling of the area is planned

• All results have now been received for 13 drill holes submitted for priority analysis – results from the remaining 63 drill holes are expected this quarter

• Feather Cap Project is prospective for both orogenic gold and Horseshoe Lights style CuAu VHMS mineralisation - located 2km along strike to the east of the 112k oz Durack Gold Resource, (refer WGX announcement dated 4 September 2017)

Gold and Base Metals explorer Auris Minerals Limited (“ Auris ” or “ the Company ”) ( ASX: AUR ) is pleased to announce further significant gold mineralisation has been returned from recent Air Core drilling completed at the Company’s 100% owned Feather Cap Gold Project, located 95km north of Meekatharra, in the Bryah Basin, Western Australia.

Results for a further six priority drill holes (DEAC0075 - DEAC0078, DEAC0081 - DEAC0082) have been returned from drilling completed at the Durack East Prospect. These include a significant intercept of 10m @ 1.22g/t Au from 85m from drill hole DEAC0075 (Figures 1 and 2). A breakdown of the highgrade intercept within DEAC0075 is included below, (Table 1).

• • Refer ASX Announcement 13 October 2021

- Refer ASX announcement 28 October 2020

AURIS MINERALS LTD ABN 77 085 806 284 Lvl3 18 Richardson Street West Perth Western Australia 6005 | PO Box 298 West Perth WA 6872 T +61 8 6109 4333 | E general@aurisminerals.com.au | W aurisminerals.com.au

FURTHER SIGNIFICANT GOLD MINERALISATION RETURNED FROM AIR CORE DRILLING ASSAYS AT FEATHER CAP GOLD PROJECT, WA

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Importantly, the results returned from the completed Air Core drilling to date support the interpretation of the 2.5km extension of the Morck Well gold mineralised trend into the Feather Cap Project . Based on the results from the Air Core program to date, an RC program has been generated to further evaluate the significant mineralisation.

Based on results to date from the recent drilling, a priority RC drill hole programme has been generated. Planned RC drilling will assist with the definition and understanding the orientation of the interpreted gold mineralised trend and geology within the Feather Cap Project.

A heritage survey request has been submitted for completion which covers the entire interpreted mineralised trend within the Feather Cap Project. On completion of the heritage survey and receipt of remaining results, an infill Air Core drill programme will be planned to delineate and extend the identified gold mineralisation at a 200m line spacing.

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Figure 1 – Durack East Prospect / Morck Well JV Drill Plan

Notes - Durack Gold Resource – Refer WGX announcement dated 4 September 2017 All other results - Refer ASX announcement 20 April 2020, 17 July 2020, 23 October 2020, 28 October 2021, 28 January 2021, 20 April 2021, 13 October 2021.

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FURTHER SIGNIFICANT GOLD MINERALISATION RETURNED FROM AIR CORE DRILLING ASSAYS AT FEATHER CAP GOLD PROJECT, WA

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Figure 2 – Durack East Anomalous Geology in Recent Air Core Plan

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Hole From Interval
To (m) Au (g/t)
Number (m) (m)
DEAC0075 80 85 5 0.02
DEAC0075 85 90 5 1.09
DEAC0075 90 95 5 1.35
DEAC0075 95 96 1 0.20
DEAC0075 96 97 1 0.03
DEAC0075 97 98 1 0.11
DEAC0075 98 99 1 0.17
DEAC0075 99 100 1 0.08
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Table 1: Assay results comprising significant intercept within DEAC0089

Priority analysis was requested for 13 holes that intersected anomalous quartz veining and/or jasperoidal chert (of which all results have now been received), with results from the routine analysis of samples from the remaining 63 holes of the programme expected during November/December 2021.

Preliminary interpretations indicate the significant gold intercept of 10m @ 1.22g/t Au from 85m from drill hole DEAC0075 is associated with minor quartz veining within mafic lithologies of the Narracoota Formation, adjacent to the south of an interpreted contact with sediments of the Ravelstone Formation.

The significant intercept within DEAC0075 is interpreted to be located 560m along strike to the northwest from the recently reported high grade intercept of 8m @ 5.44g/t Au from 87m including 1m @ 26.7g/t Au from 87m (DEAC0089)– Refer ASX Announcement 13 October 2021) and 970m to the east of historical RAB drilling by Geopeko which returned 20m @ 3.01g/t Au from 40m including

AURIS MINERALS LTD ABN 77 085 806 284

FURTHER SIGNIFICANT GOLD MINERALISATION RETURNED FROM AIR CORE DRILLING ASSAYS AT FEATHER CAP GOLD PROJECT, WA

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4m @ 10.7g/t Au from 40m (JR60) - Refer ASX announcement 28 October 2020. No further significant results were returned from other five priority assayed drill holes.

Auris Managing Director, Mike Hendriks, commented: “We are very pleased with these further encouraging results from drilling at our 100% owned Feather Cap Project, with results appearing to validate the extension of the existing 2.5km mineralised strike from the Morck Well Project to the east into Feather Cap. Given the location of Feather Cap and the significant mineralisation at Durack to the west and Morck Well to the east, we are aiming to define a total mineralised strike of 5.7km.

We are looking to fast track follow up drilling with a four hole RC programme planned immediately and an infill Air Core programme to be planned on receipt of heritage clearance and remaining results.”

Drilling Summary

A total of 76 Air Core drill holes were completed for 6,151 metres within the Feather Cap Project, at the Durack East Prospect (see Figures 1 and 2, Refer ASX Announcement 29 September 2021). Drilling was designed to evaluate the potential for strike extensions to significant gold mineralisation highlighted by previous drilling along strike to the east and west.

Drilling was completed at 200m and 400m line spacings with holes completed every 100m along the lines. Infill drilling was completed at 50m spacing in areas around drilling intersecting significant quartz veining and/or chert, or prospective lithological contacts.

Drilling intersected several anomalous zones of quartz veining and jasperoidal chert along strike from recent and historical drill results, associated with prospective lithological contacts. A full review of the drilling will be completed once all results are received to better understand the mineralisation and geology within the Durack East Prospect.

Historical Regional Drilling Summary

Significant gold mineralisation has been intersected along strike to the east within previous Air Core drilling completed by both Sandfire Resources Limited (ASX: SFR) and Auris.

Regional Air Core drilling completed along strike to the east by Sandfire within the Morck Well Project at 800m line spacing, has returned significant gold mineralisation, including 5m @ 4.76g/t Au from 70m (MWAC2682) and 10m @ 1.25g/t Au from 110m (MWAC2679), (Refer ASX announcement 23 October 2020).

Air Core drilling completed by Sandfire in the west of the Morck Well Project, highlighted a potential 3.2km of gold mineralised trend which potentially extends to the west into the Feather Cap project for a further 2.5km, highlighted by the intersection of 4m @ 0.69g/t Au from 141m including 2m @ 1.26g/t Au from 142m (DEAC0009 – Refer ASX Announcement 28 January 2021) within Air Core drilling completed during December 2020 and significant results of 8m @ 5.44g/t Au from 87m including 1m @ 26.7g/t Au from 87m (DEAC0089)– Refer ASX Announcement 13 October 2021) and 10m @ 1.22g/t Au from 85m from drill hole (DEAC0075) from the recent Air Core drill programme.

Significant gold mineralisation also occurs to the west of the planned drilling in the form of the Durack Gold Resource (Refer WGX announcement dated 4 September 2017), located along over 2km strike and outside of Auris tenure. Historical RAB drilling by Plutonic Resources and Geopeko in the 1990’s, located in the western extremity of the planned drilling has intersected high-grade gold results including 35m @ 1.8g/t Au from 32m including 8m @ 5.19g/t Au from 32m (JRB43) and 20m @ 3.01g/t Au from 40m including 4m @ 10.7g/t Au from 40m , (JR60, Refer ASX announcement 28 October 2020).

AURIS MINERALS LTD ABN 77 085 806 284

FURTHER SIGNIFICANT GOLD MINERALISATION RETURNED FROM AIR CORE DRILLING ASSAYS AT FEATHER CAP GOLD PROJECT, WA

2 NOVEMBER 2021 P a g e | 5

Initial observations from drilling completed to date at the Durack East Prospect (located within the Feather Cap Project) and at the Morck Well Project to the east, suggest the potential exists for significant mineralisation to be defined over a total strike extent of 5.7km.

-ENDS-

For and on behalf of the Board.

Mike Hendriks Managing Director

For Further information please contact: Mike Hendriks Managing Director Ph: 08 6109 4333

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ABOUT AURIS MINERALS LIMITED

Auris is exploring for base metals and gold in the Bryah Basin of Western Australia. Auris has consolidated a tenement portfolio of 1,410km², which is divided into eight well-defined project areas: Forrest, Cashman, Cheroona, Doolgunna, Morck Well, Feather Cap, Milgun and Horseshoe Well, (Figure 3).

In February 2018, Auris entered a Farm-in Agreement with Sandfire in relation to the Morck Well and Doolgunna Projects which covers ~430km² (the Morck Well JV). During September 2019, Auris entered into a Farm-in with Sandfire in relation to the Cashman Project tenements, E51/1053 and E51/1120, (the Cashman JV). On 4 February 2020 Auris and Northern Star Resources Limited (NST) entered into a Farm-in with Sandfire in relation to the Cheroona Project tenements, E51/1391, E51/1837 and E51/1838, (the Cheroona JV). Sandfire has the right to earn a 70% interest in each of above projects upon completion of a Feasibility Study on a discovery of not less than 50,000t contained copper (or metal equivalent) on the project. Auris manages exploration on all other tenements, including those that are subject to arrangements with third parties.

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Figure 3: Auris' copper-gold exploration tenement portfolio, with Sandfire (SFR), Northern Star (NST), Westgold (WGX), Fe Ltd and Gateway JV areas indicated

Notes :

1. The Forrest Project tenements E52/1659 and E52/1671 have the following outside interests:

2. Auris 80%; Westgold Resources Ltd 20% (ASX:WGX). Westgold Resources Ltd interest is free carried until a Decision to Mine

3. Westgold Resources Ltd own the gold rights over the Auris interest.

4. 1. The Forrest Project tenement P52/1493 have the following outside interests:  Westgold Resources Ltd own the gold rights over the Auris interest.
5. 1. The Forrest Project tenements P52/1494-1496 have the following outside interests:  Auris 80%; Fe Ltd 20% (ASX:FEL). Fe Ltd interest is free carried until a Decision to Mine
6. 1. The Cheroona Project tenements E51/1391, E51/1837-38 have the following outside interests:  Auris 70%; Northern Star Resources Ltd 30% (ASX:NST)
7. 1. The Horseshoe Well Project tenement E52/3291 has the following outside interests:  Auris 85%; Gateway Projects WA Pty Ltd (formerly OMNI Projects Pty Ltd) 15% (Gateway Projects free carried until a Decision to Mine)
8. 1. The Milgun Project tenement E52/3248 has the following outside interests:  Auris 85%; Gateway Projects WA Pty Ltd (formerly OMNI Projects Pty Ltd) 15% (Gateway Projects free carried until a Decision to Mine)

9. The Morck Well Project tenements E51/1033, E52/1613 and E52/1672 have the following outside interests: • Auris 80%; Fe Ltd 20% (ASX:FEL). Fe Ltd interest is free carried until a Decision to Mine

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Competent Person’s Statement

Information in this announcement that relates to exploration results is based on and fairly represents information and supporting documentation prepared and compiled by Mr Matthew Svensson, who is a Member of the Australian Institute of Geoscientists. Mr Svensson is Exploration Manager for Auris Minerals Limited. Mr Svensson has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person, as defined in the 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Mr Svensson consents to the inclusion in the announcement of the matters based on this information in the form and context in which it appears.

No New Information

Except where explicitly stated, this announcement contains references to prior exploration results and Mineral Resource estimates, all of which have been cross-referenced to previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the results and/or estimates in the relevant market announcement continue to apply and have not materially changed.

Forward Looking Statements

This announcement has been prepared by Auris Minerals Limited. This document contains background information about Auris Minerals Limited and its related entities current at the date of this announcement. This is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this announcement. This announcement is for information purposes only. Neither this document nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.

This announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This document does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

No responsibility for any errors or omissions from this document arising out of negligence or otherwise is accepted. This document does include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Auris Minerals Limited. Actual values, results, outcomes or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements.

Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and ASX Listing Rules, Auris Minerals Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this document or any changes in events, conditions or circumstances on which any such forward-looking statement is based.

AURIS MINERALS LTD ABN 77 085 806 284

FURTHER SIGNIFICANT GOLD MINERALISATION RETURNED FROM AIR CORE DRILLING ASSAYS AT FEATHER CAP GOLD PROJECT, WA

2 NOVEMBER 2021 P a g e | 8

JORC Code, 2012 Edition, Table 1

Section 1 Sampling Techniques and Data

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Criteria JORC Code explanation Commentary
Sampling  Nature and quality of sampling (eg cut  A geologist is always on hand to supervise all
techniques channels, random chips, or specific specialised drilling.
industry standard measurement tools  All drill samples are collected and logged at
appropriate to the minerals under 1m intervals
investigation, such as down hole gamma  Samples are 5m composites, collected by
sondes, or handheld XRF instruments, etc). spear technique. Selected 1m spear samples
These examples should not be taken as limiting are collected in lieu of composite sample
the broad meaning of sampling. based on the intersection of significant
 Include reference to measures taken to ensure veining, geology and/or mineralisation.
sample representivity and the appropriate  Standard sampling protocols/procedures
calibration of any measurement tools or have been written to ensure all sampling is
systems used. done properly and consistently.
 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.
Drilling  Drill type (eg core, reverse circulation, open-  All holes drill via Air Core Blade (Diameter
techniques hole hammer, rotary air blast, auger, Bangka, 85-87mm) to refusal. Air Core hammer
sonic, etc) and details (eg core diameter, triple utilized to get through hard bands in
or standard tube, depth of diamond tails, face- weathering profile or to extend holes pass
sampling bit or other type, whether core is blade refusal.
oriented and if so, by what method, etc).
Drill sample  Method of recording and assessing core and  Any drill sample loss is recorded in sample
recovery chip sample recoveries and results assessed. table.
 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.
Logging  Whether core and chip samples have been  All holes have been logged for lithology,
geologically and geotechnically logged to a weathering, alteration, mineralisation and
level of detail to support appropriate Mineral colour using a standard set of in-house
Resource estimation, mining studies and logging codes. The logging method is
metallurgical studies. quantitative.
 Whether logging is qualitative or quantitative  Holes not able to be used with a mineral
in nature. Core (or costean, channel, etc) resource estimate due to sample type.
photography.
 The total length and percentage of the
relevant intersections logged.
Sub-sampling  If core, whether cut or sawn and whether  Samples are 5m composites, collected by
techniques quarter, half or all core taken. spear technique. Selected 1m spear samples
and sample  If non-core, whether riffled, tube sampled, are collected in lieu of composite sample
preparation based on the intersection of significant
rotary split, etc and whether sampled wet or
veining, geology and/or mineralisation.
dry.
 For all sample types, the nature, quality and  Samples submitted to the ALS laboratory in
Perth are oven dried, and crushed to 6mm
appropriateness of the sample preparation
and 2mm sequentially. A coarse split is
technique.
pulverised until 90% passes -75µm, prior to
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Criteria JORC Code explanation Commentary
 Quality control procedures adopted for all sub- analysis
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.
Quality of  The nature, quality and appropriateness of the  All samples are submitted to the ALS
assay data assaying and laboratory procedures used and Laboratory in Perth for gold and a
and whether the technique is considered partial or comprehensive multi-element analysis by
laboratory total. ICP-MS (AuME-TL44 - Cu, Pb, Zn, Ag, As, Fe,
tests  For geophysical tools, spectrometers, S, Sb, Bi, Mo, Re, Mn, Co, Cd, Cr, Ni, Se, Te,
handheld XRF instruments, etc, the Ti, Zr, V, Sn, W and Ba) after a aqua regia
parameters used in determining the analysis digest. These are appropriate methods of
including instrument make and model, reading analysis/assay for VMS and orogenic gold-
times, calibrations factors applied and their type mineralisation in the weathering
derivation, etc. environment.
 Nature of quality control procedures adopted  Quality control samples include certified
(eg standards, blanks, duplicates, external reference materials (CRMs) or standards (of
laboratory checks) and whether acceptable an appropriate low level of contained
levels of accuracy (ie lack of bias) and precision copper and gold), sourced from OREAS,
have been established. quartz sand used as a blank, and field
duplicate samples. At least one QC sample is
added every 20 samples in a batch.
Verification of  The verification of significant intersections by  All logs and analytical data reports are
sampling and either independent or alternative company validated and reviewed by the database
assaying personnel. managers prior to import. Significant
 The use of twinned holes. intercepts are verified by other geologists
 Documentation of primary data, data entry within Auris.
procedures, data verification, data storage  If adjustments or amendments are ever
(physical and electronic) protocols. necessary, the original data are preserved in
 Discuss any adjustment to assay data. the database.
 No holes have been twinned
Location of  Accuracy and quality of surveys used to locate  All holes are located prior to drilling via GPS
data points drill holes (collar and down-hole surveys), with an estimated accuracy of ±. 5 metres.
trenches, mine workings and other locations  Grid is Map Grid of Australia Zone 50.
used in Mineral Resource estimation.  Nominal value attributed to RL. DTM will be
 Specification of the grid system used. used to determine more accurate RL prior to
 Quality and adequacy of topographic control. loading data into database.
Data spacing  Data spacing for reporting of Exploration  Drilling was completed at 200m and 400m
and Results. line spacings with holes completed every
distribution  Whether the data spacing and distribution is 100m along the lines. Infill drilling was
sufficient to establish the degree of geological completed at 50m spacing in areas around
and grade continuity appropriate for the drilling intersecting significant quartz
Mineral Resource and Ore Reserve estimation veining and/or chert, or prospective
procedure(s) and classifications applied. lithological contacts.
 Whether sample compositing has been  Results not appropriate for use in Resource
applied. or Reserve estimations.
Orientation of  Whether the orientation of sampling achieves  It is interpreted that the drilling has been
data in unbiased sampling of possible structures and completed at an angle (45°) to lithological
relation to the extent to which this is known, considering contacts.
geological the deposit type.  Further results and drilling is required in
structure  If the relationship between the drilling order to determine the relationship between
orientation and the orientation of key the drilling orientation and the orientation of
mineralised structures is considered to have key mineralised structures
introduced a sampling bias, this should be
assessed and reported if material.
Sample  The measures taken to ensure sample security.  Appropriate security measures are taken to
security ensure the chain of custody between drill rig
and laboratory. Samples are stored on-site
until they are transported to the laboratory
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Criteria	JORC Code explanation	Commentary
		by a licensed freight company (Toll), a designated contractor or an Auris employee. All samples are securely packed into bulker bags and sealedprior to transport.
Audits or reviews	 The results of any audits or reviews of sampling techniques and data.	 Other geologists and experts are consulted, as required, from time to time

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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 license to operate in the area.	 The Feather Cap Project is located 95 kilometres north of Meekatharra in WA.  The Feather Cap Project includes tenements E52/1910.  Auris has a 100% interest in all tenements which make up the Feather Cap Project.  There are no issues present relating to the security of the above tenements.
Exploration done by other parties	 Acknowledgment and appraisal of exploration by other parties.	 Previous exploration has comprised surface geochemistry and RAB drilling completed by Plutonic, North Ltd and Geopeko and predominantly orientated towards gold.
Geology	 Deposit type, geological setting and style of mineralisation.	 The Feather Cap Project lies within the Proterozoic-aged Bryah rift basin enclosed between the Archaean Marymia Inlier to the north and the Proterozoic Yerrida basin to the south.  The exploration targets in the Feather Cap Project are Volcanogenic Massive Sulphide (VMS) deposits and orogenic gold deposits.
Drill hole information	 A summary of all information material to the under-standing 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  If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	 All Collar coordinates for the completed drilling are included in a previous announcement (29 September 2021) and reference made to announcement within text of announcement.
Data aggregation methods	 In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.  Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.  The assumptions used for any reporting of metal equivalent values should be clearly stated.	 The following lower grade cut-offs were applied to generate significant drill intercepts Copper (Cu) = 0.1% Gold (Au) = 0.5g/t  All calculated significant intercepts are at least two metres downhole width and have a gram x metre value no less than 1.  A maximum width of 2m of internal dilution may apply to some intercepts.

AURIS MINERALS LTD ABN 77 085 806 284

FURTHER SIGNIFICANT GOLD MINERALISATION RETURNED FROM AIR CORE DRILLING ASSAYS AT FEATHER CAP GOLD PROJECT, WA

2 NOVEMBER 2021 P a g e | 12

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Criteria JORC Code explanation Commentary
Relationship  These relationships are particularly important  The relationship between down hole width
between in the reporting of Exploration Results. and true width of intersected mineralisation
mineralisation  If the geometry of the mineralisation with is unknown.
widths and respect to the drill hole angle is known, its
intercept nature should be reported.
lengths  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’).
Diagrams  Appropriate maps and sections (with scales)  Relevant diagrams have been included
and tabulations of intercepts should be within the main body of the announcement.
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.
Balanced  Accuracy and quality of surveys used to locate  No down hole surveying of the drilling was
Reporting drill holes (collar and down-hole surveys), undertaken.
trenches, mine workings and other locations  Drill collars are located with a handheld GPS
used in Mineral Resource estimation. unit with an applied error of up to 5 metres.
 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.
Other  Other exploration data, if meaningful and  No other exploration data reported.
substantive material, should be reported including (but not
exploration limited to): geological observations;
data 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.
Further work  The nature and scale of planned further work  Further Air Core drilling and RC Drilling to
(e.g. tests for lateral extensions or depth further evaluate/extent identified gold
mineralisation/trends.
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.
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