AURIS MINERALS LIMITED — Capital/Financing Update 2021

Feb 17, 2021

==> picture [102 x 49] intentionally omitted <==

==> picture [102 x 49] intentionally omitted <==

18 February 2021

Drilling to Commence at Forrest and Wodger Copper Deposits in Bryah Basin

Highlights

• Visible copper mineralisation in the form of malachite noted within two of the completed RC drill holes, located within current copper resource outline

• Auris to undertake 6 diamond drill holes (2,540m) at Forrest and Wodger to infill and test for dip and plunge extensions to copper resource of 2.4Mt @ 1.7% Cu for 41,500t Cu*

• Two of the planned diamond holes at the Forrest Deposit are designed to test within 100m of first and only intersected sulphide related copper mineralisation (bornite) associated with interpreted northern plunge

• Diamond drill rig is anticipated to arrive onsite 21[st] February

• Down hole EM surveys planned for 4 of the 6 holes outside the weathered zone

• Westgold Resources (ASX: WGX) has completed RC drilling programme at the Forrest Deposit for a total of 39 holes for 3,081 metres – includes 3 deeper holes for 456m infilling the copper resource below the gold cap

• Air Core drilling programmes being generated, testing several anomalous target areas identified from the IP survey completed at the Forrest Project and to further evaluate significant mineralised trends at both the Feather Cap and Durack East prospects

Gold and Base Metals explorer Auris Minerals Limited (“ Auris ” or “ the Company ”) ( ASX: AUR ) is pleased to provide the following update on drilling activity at the Company’s Forrest and Wodger Deposits located 130 kilometres north of Meekatharra, in the Bryah Basin, Western Australia.

Auris will shortly commence a programme of six (6) diamond drill holes for 2,540 metres at the Forrest and Wodger Deposits to infill and test for dip and plunge extensions to current copper resources of 2.4Mt @ 1.7% Cu for 41,500t Cu, (Refer ASX announcement 2 July 2020). Further details on this programme are outlined below.

In addition, the Company is also pleased to report that the resource definition drilling programme at the Forrest Deposit (see ASX announcement dated 14 January) undertaken by Westgold Resources Limited ( ASX: WGX ) (“Westgold” ) has been completed. A total of 36 holes for approximately 2,625 metres was completed to infill previous RC and diamond drilling at the Forrest Deposit to a maximum drill spacing of 20m x 20m. Results from the drilling will provide the necessary drill coverage and data within the gold cap overlying the copper resource at the Forrest deposit to increase the confidence in the resource estimation. The extent of the completed RC drilling and relationship with copper mineralisation is depicted in Figure 1. An additional three RC drill holes for 456 metres were completed at depth to infill the copper resources underlying the gold cap.

• Refer ASX announcement 2 July 2020 and Table 1

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

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 2

Auris has 80% of the rights to all minerals on the project apart from gold which Westgold holds 100% of the rights to. Westgold holds the remaining 20% rights to of all other mineral rights within Forrest Project tenements, E52/1659 and E52/1671.

Auris Diamond Drilling

Forrest Deposit

A total of four (4) diamond drill holes for 1,550 metres are planned at the Forrest Deposit to infill and test for dip and plunge extensions to copper resources associated with the interpreted northern plunge. The current location of interpreted dip and plunge extents to the copper resource at the Forrest Deposit along the interpreted northern plunge is a result of a lack of drill information at depth, resulting in copper resources remaining open up, and down dip and down plunge to the north.

To date, two (2) drill holes (FPRC029 and FPDD002) have been completed at the Forrest Deposit orientated to evaluate interpreted northern plunge extensions to the near surface high grade copper resources. Both drill holes are located approximately 100m from previous drilling of each other; and have intersected significant copper mineralisation‐ comprising 33m @ 1.25% Cu from 276m (FPRC029) and 8.5m @ 1.06% Cu from 382m (FPDD002), (Refer ASX announcements 4 February 2019 and 29 April 2019). The significant intersection within FPDD002 is the first and only copper sulphide (bornite) intersection associated with the interpreted northern plunge at the Forrest Deposit.

Two (2) diamond holes for 880 metres are planned to test for sulphide related, down‐dip and northern plunge extensions to the mineralisation at the Forrest Deposit.

A further two (2) diamond holes for 670 metres are planned at the Forrest Deposit to infill and extend copper resources in the weathering environment in the north of the deposit.

==> picture [428 x 213] intentionally omitted <==

==> picture [428 x 107] intentionally omitted <==

Figure 1 ‐Forrest Deposit Longitudinal Projection

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 3

==> picture [394 x 424] intentionally omitted <==

Figure 2 ‐Forrest Deposit Drill Hole Location Plan

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 4

==> picture [254 x 65] intentionally omitted <==

==> picture [254 x 65] intentionally omitted <==

==> picture [254 x 65] intentionally omitted <==

==> picture [254 x 65] intentionally omitted <==

==> picture [254 x 65] intentionally omitted <==

Figure 3 ‐Forrest Deposit Section 7185740mN

==> picture [254 x 65] intentionally omitted <==

==> picture [254 x 65] intentionally omitted <==

==> picture [254 x 66] intentionally omitted <==

==> picture [254 x 65] intentionally omitted <==

==> picture [254 x 66] intentionally omitted <==

Figure 4 ‐Forrest Deposit Section 7185820mN

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 5

Wodger Deposit

A total of two (2) diamond drill holes for 990 metres are planned at the Wodger Deposit to test for dip and plunge extensions to copper resources at depth.

==> picture [428 x 247] intentionally omitted <==

==> picture [428 x 62] intentionally omitted <==

Figure 5 ‐Wodger Deposit Longitudinal Projection

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 6

==> picture [266 x 60] intentionally omitted <==

==> picture [266 x 61] intentionally omitted <==

==> picture [266 x 61] intentionally omitted <==

==> picture [266 x 60] intentionally omitted <==

==> picture [266 x 61] intentionally omitted <==

Figure 6 ‐Wodger Deposit Drill Hole Location Plan

Westgold RC Drilling

Westgold Resources has completed its RC drilling programme at the Forrest Deposit, with a total of 39 holes drilled for 3,081 metres (Table 2) primarily aimed at the leached gold cap but also to assist with understanding the interaction of copper oxide minerals in the transition zone. As part of this program Westgold drilled three deeper holes for an on behalf of the JV.

Visible copper mineralisation in the form of malachite has been noted within two of the deeper RC drill holes. The malachite intersections are located within the current copper resource outline and are not expected to have a material impact on the copper resource estimation. However the malachite intersections do reinforce the strong copper geochemistry within the near‐surface at the Forrest Deposit. Auris’ planned diamond drilling at the Forrest Deposit will be focusing on the interpreted extensions of this surface geochemistry at depth, down‐dip and down‐plunge to the north.

Auris Managing Director, Mike Hendriks, commented: “The planned diamond drill programme and down hole EM surveys are very exciting as it will test the down dip and down plunge to the north of the existing resource at both Forrest and Wodger.

Planning is also well advanced to conduct an air core drill programme to test anomalous targets generated by our recent IP survey. These targets sit along strike of the Forrest and Wodger copper deposits and have been prioritised for drill testing.

The recent drilling completed by Westgold has also provided our team with some important insights at the Forrest Copper Deposit. Of particular interest was the visible malachite in two of the deeper holes completed by Westgold. We look forward to receiving the assay results in due course and we will use this data to further refine our exploration strategy at Forrest.”

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 7

Westgold’s Executive Chairman, Peter Cook commented “This prospect is shaping to us as a pretty interesting hydrothermal copper gold discovery. Whilst our focus is on the leached gold cap, the widths and geometry of the other deeper copper mineralisation is worthy of more investigation. The recent geophysics have highlighted some strong anomalies suggesting that the prospectivity for more copper‐gold is real. We are happy to support the works of the JV in the areas”

Regional Exploration Update

Air Core drill programmes are currently being generated and approvals sought to test several target areas within the Forrest and Feather Cap Projects.

Air Core drilling at the Forrest Project will focus on testing several target areas identified from the IP survey completed in December 2020, (Refer ASX announcement 22 January 2021), and drilling at the Feather Cap Project will further evaluate significant mineralised trends at both the Feather Cap and Durack East prospects, (Refer ASX announcement 28 January 2021).

All results included on the attached figures have been previously reported within announcements made on following dates ‐ 18 February 2014, 28 February 2014, 7 May 2014, 26 May 2014, 7 July 2014, 23 July 2014, 1 September 2014, 22 September 2014, 14 October 2016, 30 June 2017, 31 July 2017, 21 August 2017, 17 October 2017, 10 November 2017, 24 January 2018, 4 February 2019, and 29 April 2019.

‐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

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 8

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 7).

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.

In September 2020, Auris entered a binding agreement to acquire Sandfire’s interest in the Sams Creek Gold Project in New Zealand, (Figure 8) held through its wholly owned subsidiary Sams Creek Gold Limited (SCGL). The Sams Creek Gold Project is located in the northwest of the South Island of New Zealand and comprises two exploration permits, EP 40 338 (currently held joint venture with OceanaGold Corporation (ASX: OGC) (20%) and SCGL (80%)) and EP 54 454 (SCGL 100%), (refer ASX Announcement dated 30 September 2020).

==> picture [353 x 256] intentionally omitted <==

Figure 7: 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. The Forrest Project tenement P52/1493 have the following outside interests:

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

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

1. The Cheroona Project tenements E51/1391, E51/1837‐38 have the following outside interests:  Auris 70%; Northern Star Resources Ltd 30% (ASX:NST)

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 9

1. The Horseshoe Well Project tenement E52/3291 has the following outside interests:

2. Auris 85%; Gateway Projects WA Pty Ltd (formerly OMNI Projects Pty Ltd) 15% (Gateway Projects free carried until a Decision to Mine)

3. The Milgun Project tenement E52/3248 has the following outside interests:

4. Auris 85%; Gateway Projects WA Pty Ltd (formerly OMNI Projects Pty Ltd) 15% (Gateway Projects free carried until a Decision to Mine)

5. The Morck Well Project tenements E51/1033, E52/1613 and E52/1672 have the following outside interests:

6. Auris 80%; Fe Ltd 20% (ASX:FEL). Fe Ltd interest is free carried until a Decision to Mine

Table 1 ‐ Forrest Project June 2020 Mineral Resource Estimate (1.0% Copper Cut‐off)

Prospect	Type	Tonnage	Cu	Au	Cu	Au
		(t)	(%)	(g/t)	(t)	(oz)
Wodger	Oxide Transitional Fresh	28,000 490,000 845,000	1.5 2.1 1.6	0.22 0.44 0.48	420 10,200 13,500	200 7,000 13,100
	Total	1,363,000	1.8	0.46	24,200	20,200
Forrest	Oxide Transitional Fresh	4,000 354,000 681,000	1.3 2.2 1.4	0.25 0.64 0.31	50 7,600 9,600	30 7,300 6,800
	Total	1,039,000	1.7	0.42	17,300	14,100
Grand Total		2,402,000	1.7	0.44	41,500	34,300

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 21] intentionally omitted <==

==> picture [312 x 20] intentionally omitted <==

Figure 8: Sams Creek Gold Project exploration permit portfolio

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 10

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

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 11

Table 2 ‐ Forrest Project Westgold RC Drilling Collar Details

Hole	Northing (GDA94_50)	Easting (GDA94_50)	RL (m)	Dip	Azi	Depth (m)
20FSTRC001	7185600	640886.753	535.597	‐60	90	108
20FSTRC002	7185600	640907.068	535.44	‐60	90	90
20FSTRC003	7185600	640927.225	534.968	‐60	90	54
20FSTRC004	7185620	640903.762	534.809	‐60	90	84
20FSTRC005	7185620	640931.793	534.41	‐60	90	54
20FSTRC006	7185640	640866.929	535.949	‐60	90	118
20FSTRC007	7185640	640886.535	535.423	‐60	90	92
20FSTRC008	7185640	640906.83	535.03	‐60	90	69
20FSTRC009	7185640	640927.618	534.144	‐60	90	54
20FSTRC010	7185640	640947.529	533.892	‐60	90	44
20FSTRC011	7185660	640872.079	535.532	‐60	90	108
20FSTRC012	7185660	640912.939	534.379	‐60	90	51
20FSTRC013	7185660	640937.369	534.379	‐60	90	42
20FSTRC014	7185680	640844.619	536.55	‐60	90	120
20FSTRC015	7185680	640863.645	535.982	‐60	90	96
20FSTRC016	7185680	640883.823	535.982	‐60	90	74
20FSTRC017	7185680	640904.001	535.804	‐60	90	60
20FSTRC018	7185680	640923.823	534.913	‐60	90	48
20FSTRC019	7185700	640849.898	536.914	‐60	90	108
20FSTRC020	7185700	640900.381	535.969	‐60	90	60
20FSTRC021	7185720	640842.585	537.453	‐60	90	102
20FSTRC022	7185720	640862.92	536.582	‐60	90	84
20FSTRC023	7185720	640883.392	536.11	‐60	90	72
20FSTRC024	7185720	640903.078	535.953	‐60	90	48
20FSTRC025	7185720	640923.392	535.638	‐60	90	54
20FSTRC026	7185740.642	640873.846	536.518	‐60	90	78
20FSTRC027	7185740.642	640888.241	536.648	‐60	90	65
20FSTRC028	7185740.642	640914.999	536.066	‐60	90	36
20FSTRC029	7185760.642	640843.372	536.085	‐60	90	108
20FSTRC030	7185760.642	640864.179	535.883	‐60	90	90
20FSTRC031	7185760.642	640884.179	535.74	‐60	90	72
20FSTRC032	7185760.642	640903.823	535.312	‐60	90	54
20FSTRC033	7185760.642	640923.29	535.11	‐60	90	36
20FSTRC034	7185780	640863.912	536.25	‐60	90	84
20FSTRC035	7185780	640887.318	535.509	‐60	90	60
20FSTRC036	7185780	640911.613	535.509	‐60	90	48
20FSTRC037	7185780	640770	536	‐60	90	144
20FSTRC038	7185660	640830	536	‐60	90	156
20FSTRC039	7185580	640870	536	‐60	90	156

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 12

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.	 A geologist is always on hand to supervise all drilling.  All drill samples are collected and logged at 1m intervals  1m samples of approximately 2‐3 kilograms were collected via a cone splitter for laboratory analysis.  Standard sampling protocols/procedures have been written to ensure all sampling is done properly and consistently.
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).	 All holes drill via RC face sampling hammer.  Drilling was completed to pre‐determined depths  Drill holes were extended if visible copper and/or gold mineralisation or favourable alteration was identified within the drilling
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.	 Any drill sample loss is recorded in sample table.
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 holes have been logged for lithology, weathering, alteration, mineralisation and colour using a standard set of in‐house logging codes. The logging method is quantitative.  Logging and sampling of the drilling has been completed to a level of detail to0 support mineral resource estimation,.
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.	 Samples were collected via a cone splitter over 1m intervals for laboratory analysis.  No assaying reported

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 13

Criteria	JORC Code explanation	Commentary
	 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.
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.	 No assaying reported
Verification of sampling and assaying	 The verification of significant intersections by either independent or alternative company personnel.  The use of twinned holes.  Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.  Discuss any adjustment to assay data.	 No assaying reported
Location of data points	 Accuracy and quality of surveys used to locate drill holes (collar and down‐hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.  Specification of the grid system used.  Quality and adequacy of topographic control.	 All holes located prior to drilling via DGPS with an estimated accuracy of ±. 0.1 metres  Grid is Map Grid of Australia Zone 50.
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.	 Drilling was completed to ensure 20m x 20m coverage within the the gold cap mineralisation overlying the copper resource
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.	 Drilling was completed perpendicular to geology and/or interpreted mineralisation
Sample security	 The measures taken to ensure sample security.	 Appropriate security measures are taken to ensure the chain of custody between drill rig and laboratory. Samples are collected and stored on‐site at Fortnum Gold MIne until they are transported to the laboratory by a licensed freight company. All samples are securely packed into bulker bags and sealed

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 14

Criteria	JORC Code explanation	Commentary
		prior 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

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 15

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 Forrest Project is located 130 kilometres north of Meekatharra in WA.  The Forrest Project includes tenements E52/1659, E52/1671, P52/1493‐1496  Auris has a 80% interest in the tenements which make up the Forrest Project.  Westgold Resources Limited have 100% of the gold rights on all tenements and 20% interest in all other mineral rights within E52/1659 and E51/1671.  Fe Ltd have 20% interest within tenements P52/1494‐1496  There are no issues present relating to the securityof the above tenements.
Exploration done by other parties	 Acknowledgment and appraisal of exploration by other parties.	 Previous exploration has comprised surface geochemistry and drilling completed by Plutonic, Perilya, Grosvenor Gold and RNI.
Geology	 Deposit type, geological setting and style of mineralisation.	 The Forrest 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 Forrest Project are Volcanogenic Massive Sulphide (VMS)deposits and orogenicgold 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 and details for the completed drilling are included in 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.	 No assaying reported

AURIS MINERALS LTD ABN 77 085 806 284

DIAMOND DRILLING AT FORREST AND WODGER DEPOSITS TO COMMENCE

18 FEBRUARY 2021 P a g e | 16

Criteria	JORC Code explanation	Commentary
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 (e.g. ‘down hole length, true width not known’).
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.	 Relevant diagrams have been included within the main body of the announcement.
Balanced Reporting	 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.  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.	 Gyro down hole surveying of the drilling was undertaken.  Drill collars are located via DGPS unit with an applied error of up to 0.1 metres.
Other substantive exploration data	 Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples ‐ size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	 No other exploration data reported.
Further work	 The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large‐ scale step‐out drilling).  Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	 Further exploration at Forrest will include diamond drilling to infill and extend the current copper resource.

AURIS MINERALS LTD ABN 77 085 806 284