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AVIRA RESOURCES LTD Capital/Financing Update 2026

Mar 23, 2026

64473_rns_2026-03-23_f30d6ccb-971f-426b-b54f-a4f61d56de4e.pdf

Capital/Financing Update

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24 MARCH 2026

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The Manager Market Announcements Office Level 40, Central Park, 152-158 St George's Terrace Perth WA 6000

HIGH-GRADE GOLD CONFIRMED AT

MT CATTLIN

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ACN: 131 715 645

T: + 61 8 6385 2282

W: www.aviraresourcesltd.com.au

Directors and Management David Wheeler, Non-Executive Chairman

James Robinson, Executive Director

David Deloub, Non-Executive Director

Andrew van Bentum, Consulting Chief Operations Officer

Rhys Waldon, Company Secretary

ASX Code: AVW

Issued Capital

525,000,000 Ordinary Shares ( AVW )

270,781,470 Quoted options exercisable at $0.015 on or before 30 June 2027 ( AVWOB )

20,125,001 Unquoted options exercisable at $0.06 on or before 30 June 2027

25,000,000 Unquoted options exercisable at $0.015 on or before 31 December 2027

Avira Resources Ltd (ASX: AVW) ( Avira or the Company ) is pleased to report the confirmation of significant high-grade gold intersections at the Mt Cattlin Gold Project in Western Australia, following the completion of an exhaustive database compilation and validation process across all historical drilling. The results substantiate both the extraordinary grade and the meaningful scale of the system, and provide a robust foundation for the Company's maiden Mineral Resource Estimate program.

Highlights

• Exceptional Grade: High-grade historical gold drilling confirmed at the Mt Cattlin Gold Project. Intersections exceeding 100 g/t Au confirmed at Sirdar, including 1.00m @ 131.24 g/t Au, 6.00m @ 50.07 g/t Au, and 9m @ 23.42 g/t.

• System-Scale Confirmation: Mineralisation confirmed across four prospects — Maori Queen, Sirdar, Plantagenet and Ellendale — with the "New Zealand Trend" extending 650m of strike and remaining open at depth and along strike.

• Exciting Drill targets: RC drill programs have been designed for Maori Queen and Sirdar, with drill-testing of Plantagenet and Ellendale also planned. First drill program targeted for early Q2 2026 on receipt of required approvals and permits.

• Resource Path Defined: Drilling designed to test shallow extensions and support a maiden Mineral Resource Estimate, targeted for Q4 2026.

25,000,000 Class A Performance Rights expiring 3 December 2027

25,000,000 Class B Performance Rights expiring 3 December 2027

25,000,000 Class C Performance Rights expiring 3 December 2027

20,000,000 Class D Performance Rights expiring 5 December 2028

Executive Director James Robinson commented: “This validation process has done exactly what it was designed to do — give us a clear, reliable picture of what Mt Cattlin holds. The high grades at Sirdar and Maori Queen, and the scale across the New Zealand Trend are genuinely compelling. We have a well-defined drill program, the permits process is underway, and Q4 2026 is a realistic target for our maiden Resource. Mt Cattlin is earning its place as a serious gold project.”

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Selected Significant Intercepts

Prospect Hole ID From (m) Width (m) Grade (g/t Au)
Sirdar RR139 20.00 6.00 50.07
Sirdar RAGC018 73.00 1.00 131.24
Sirdar RR133 33.00 9.00 23.42
Sirdar RR139 46.00 2.00 48.04
Sirdar RAGD039 16.00 10.00 8.12
Sirdar RAGC019 53.00 15.00 5.22
Sirdar RAGD039 44.80 10.20 7.35
Sirdar SRC005 44.00 14.00 6.57
Sirdar RR092 34.00 21.00 3.41
Sirdar RAGC006 49.00 25.00 2.83
Maori Queen RAGC001 67.00 2.00 31.65
Maori Queen RR119 24.00 2.00 19.46
Maori Queen RAGC032 73.00 5.00 6.34
Maori Queen RAGC052 74.00 6.00 4.87
Maori Prince RAGC056 62.00 4.00 20.45
Plantagenet RAGC086 14.00 4.00 18.52
Plantagenet RAGC084 62.00 3.00 19.98
Ellendale RAGC073 77.00 10.00 2.70

Grades ≥ 20 g/t Au shown in bold red. All results reported above 0.5 g/t Au cut-off with maximum 2m internal dilution.

Overview — Mt Cattlin Gold Project

The Mt Cattlin Gold Project is located in the southern Goldfields-Esperance region of Western Australia, approximately 550 km south-east of Perth and 4 km north of Ravensthorpe. The Project is held under Exploration Licence E74/401, registered in the name of Galaxy Lithium Australia Pty Ltd (a subsidiary of Rio Tinto Lithium), with Avira holding all mineral rights except pegmatite minerals. The Project sits immediately adjacent to the large-scale Mt Cattlin Lithium Mine and encompasses the high-grade Maori Queen and Sirdar gold deposits, which together carry a historical production record of 23,006 tonnes at 24.56 g/t Au, indicating the high-grade potential of the project.

Project-scale geology (Figure 1) is characterised by sheared Archaean mafic and felsic metavolcanic rocks (Annabelle Volcanics) intruded by a significant multiphase porphyry complex (approximately 2.5 km × 1.5 km). This intrusive body and its associated brittle-ductile shear network are interpreted as the primary controls on gold mineralisation, consistent with an intrusive-related gold system (IRGS) or porphyry-affiliated model. Gold mineralisation is interpreted to occur in two principal styles: narrow, high-grade mesothermal shear-hosted quartz-sulphide lodes (pyrite, arsenopyrite); and broader disseminated stockwork mineralisation associated with the porphyry complex.

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associated with the porphyry complex.
Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Figure 1: Plan of Mt Cattlin Gold Project showing prospect locations and significant intercept pierce points (gram metres) with section locations. Inset shows regional geological setting.

Reporting of Significant Intercepts

The results reported in this announcement represent a validated historical drilling database. The validation program comprised: verification of original logging and assay source data; confirmation of collar locations; and review of drilling methods, downhole survey data and assay techniques. All results are derived from fire assay analyses and are reported above a 0.5 g/t Au cut-off grade with a maximum of 2 metres internal dilution. The completion of this process has directly enabled the construction of geological and mineralisation models that now underpin the forthcoming drill programs.

Maori Queen Gold Deposit

Drilling at Maori Queen, comprising 43 RC and diamond holes, has intersected the primary structure in 20 instances, defining a 150-metre strike length and 100-metre down-dip extent that remains open at depth and along strike (Figure 2). The Maori Queen vein trends north-east and dips at 70° to the north-west. Historical mining has depleted the near-surface resource to approximately 30 metres depth, with the bulk of the defined mineralisation below this level presenting a clear target for RC drill testing.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Best Intercepts — Maori Queen

  • 2.00m @ 31.65 g/t Au from 67.00m (RAGC001)

  • 2.00m @ 19.46 g/t Au from 24.00m (RR119)

  • 5.00m @ 6.34 g/t Au from 73.00m (RAGC032)

  • 6.00m @ 4.87 g/t Au from 74.00m (RAGC052)

  • 1.00m @ 22.70 g/t Au from 23.00m (RAGC033A)

  • 5.00m @ 4.43 g/t Au from 19.00m (RR039)

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Figure 2: Maori Queen Long Section showing gram metre pierce points and mineralisation interpretation outline (red)

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Figure 3: Maori Queen Cross Section A–A’ showing mineralisation interpretation outline (red) on geological model. Planned drill holes shown as blue traces.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Figure 4: Maori Queen Cross Section B–B’ showing mineralisation interpretation outline (red) on geological model. Planned drill holes shown as blue traces.

The New Zealand Trend

The Maori Queen mineralisation links with two adjacent prospects — Maori Chief and Maori Prince — along a south-west-trending alignment referred to as the "New Zealand Trend". This trend extends over 650 metres of strike (Figure 5) and, with further drilling, has the potential to form a single, continuous mineralised corridor. The trend remains open at depth and along strike, with large sections as yet untested.

Best Intercepts — Maori Chief and Maori Prince

  • 4.00m @ 20.45 g/t Au from 62.00m (RAGC056) — Maori Prince

  • 4.00m @ 2.35 g/t Au from 21.00m (RAGC054) — Maori Chief

  • 10.00m @ 0.76 g/t Au from 4.00m (RR069) — Maori Chief

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Figure 5: New Zealand Trend Long Section showing gram metre pierce points and exploration potential along the 650m strike corridor.

Sirdar Gold Deposit

Sirdar is the project's most extensively drilled deposit, with 80 RC and diamond holes delineating mineralisation over a 115-metre strike length. Within this envelope, high-grade mineralisation follows a distinct NNW trend and extends down-plunge for over 100 metres within strongly altered and stockwork quartz-veined dolerite. Gentle to moderately east-dipping pegmatite sheets are common throughout, and the current interpreted mineralisation model's lower boundary truncates against a pegmatite sill estimated at 10–15 metres thickness (Figures 6 and 7). Critically, the deposit remains open below this sill: intercept RAGD038 returned 1.6m @ 19.2 g/t Au approximately 100 metres below it, suggesting the potential for mineralisation to extend beneath the sill, which warrants further drill testing.

Best Intercepts — Sirdar

  • 6.00m @ 50.07 g/t Au from 20.00m (RR139)

  • 1.00m @ 131.24 g/t Au from 73.00m (RAGC018)

  • 9.00m @ 23.42 g/t Au from 33.00m (RR133)

  • 2.00m @ 48.04 g/t Au from 46.00m (RR139)

  • 10.00m @ 8.12 g/t Au from 16.00m (RAGD039)

  • 15.00m @ 5.22 g/t Au from 53.00m (RAGC019)

  • 10.20m @ 7.35 g/t Au from 44.80m (RAGD039)

  • 14.00m @ 6.57 g/t Au from 44.00m (SRC005)

  • 21.00m @ 3.41 g/t Au from 34.00m (RR092)

  • 25.00m @ 2.83 g/t Au from 49.00m (RAGC006)

  • 12.00m @ 5.32 g/t Au from 34.00m (SRC002)

  • 8.00m @ 6.82 g/t Au from 30.00m (RR124)

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  • 1.00m @ 53.60 g/t Au from 74.00m (RAGD039)

  • 13.00m @ 3.40 g/t Au from 66.00m (RR145)

  • 12.00m @ 2.99 g/t Au from 36.00m (SRC008)

  • 5.00m @ 6.50 g/t Au from 55.00m (RR124)

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Figure 6: Sirdar Long Section showing gram metre pierce points, mineralisation interpretation outline (red) and

pegmatite sill (pink).

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Figure 7: Sirdar Cross Section showing significant intercepts and mineralisation interpretation outline (red) on geological model.

Exploration Upside — Ellendale and Plantagenet

Beyond the extensional upside at the core Maori Queen and Sirdar deposits, two additional prospects demonstrate highly encouraging intersections that highlight the broader potential of the Mt Cattlin system. Both represent early-stage targets that will be drill-tested as part of the forthcoming program.

Ellendale Prospect

Located 500 metres north-west of Sirdar, Ellendale has delivered consistent gold intersections over meaningful widths, as shown in Figure 8. Mineralisation remains open and drill spacing is wide, suggesting significant scope for expansion.

Best Intercepts — Ellendale

  • 10.00m @ 2.70 g/t Au from 77.00m (RAGC073)

  • 13.00m @ 1.51 g/t Au from 24.00m (RAGC072)

  • 8.00m @ 1.21 g/t Au from 44.00m (RAGC070)

  • 4.00m @ 1.18 g/t Au from 54.00m (RAGC075)

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Figure 8: Ellendale Cross Section showing significant intercepts and mineralisation interpretation outline (red shade) on geological model.

Plantagenet Prospect

Situated 600 metres west-south-west of Sirdar, Plantagenet has returned some of the project's highest-grade surface intercepts. Mineralisation is hosted in narrow quartz-sulphide bearing structures associated with diorite intrusions (Figure 9). The geometry and extent of these structures remains to be defined, and RC drilling is planned to test extensions down-dip and along strike.

Best Intercepts — Plantagenet

  • 4.00m @ 18.52 g/t Au from 14.00m (RAGC086)

  • 3.00m @ 19.98 g/t Au from 62.00m (RAGC084)

  • 6.00m @ 5.41 g/t Au from 38.00m (RAGC083)

  • 1.00m @ 10.50 g/t Au from 23.00m (RAGC083)

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Figure 9: Plantagenet Cross Section showing significant intercepts and mineralisation interpretation outline (red shade) on geological model.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Next Steps

Avira is advancing all necessary approvals and permits to commence on-ground exploration. Upon grant, the Company intends to pursue its first phase of RC exploration drilling across Maori Queen and Sirdar, designed to define shallow extensions to the known mineralisation and establish the basis for a maiden Mineral Resource Estimate. RC drilling will simultaneously test extensions at Ellendale and Plantagenet, with ongoing geological investigation addressing the project's broader gold exploration potential.

Targets and Objectives

Q2 2026* — RC drill program commencement at Maori Queen and Sirdar

Q2–Q3 2026* — Drill-testing of Ellendale and Plantagenet extensions

Q3-Q4 2026* — Maiden Mineral Resource Estimate (targeted)

*Subject to receipt of all required regulatory approvals and permits

For, and on behalf of, the Board of the Company, and authorised for release.

James Robinson

Executive Director Avira Resources Limited

ENDS

Shareholders and other interested parties can speak to Mr. James Robinson if they have any queries in relation to this announcement: +61 8 6385 2282.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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COMPETENT PERSONS STATEMENT

The information in this announcement that relates to exploration results is based on information compiled by Mr Andrew van Bentum, a Competent Person who is a Member of the Australian Institute of Geologists (AIG). Mr van Bentum is a consultant and security holder of the Company and has sufficient experience 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 (the JORC Code). Mr van Bentum consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

About Avira Resources Limited

Avira Resources Limited (AVW) is an ASX listed mining exploration company exploring for gold, copper and base metals with projects in Western Australia and Sweden.

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The Mt Cattlin Gold Project, located within the highly endowed Ravensthorpe Greenstone Belt of the Yilgarn Craton, is a high-priority gold-copper asset. The project's close proximity to the world-class Rio Tinto’s Mt Cattlin Lithium Mine and Medallion Metals’ 1.3Moz Kundip Gold Project validates its district-scale potential. Following completion of the acquisition announced on 20 October 2025, AVW holds 100% of the gold and non-pegmatite mineral rights over Exploration Licence E74/401. Multiple advanced prospects, including Ellendale, Plantagenet and Revival, exhibit strong gold-copper geophysical and geochemical signatures within favourable magnetic skarn zones, representing immediate, drill-ready targets for resource delineation.

The Tangadee Project currently consists of three granted exploration licences E52/4411 E52/4439 and E52/4413 for a total of 249 blocks or 779 km[2 ] located in the Ashburton region of Western Australia which straddles the faulted contact between the Edmund and Collier Basins in the Capricorn Orogen of Western Australia. Avira is targeting sedimenthosted Cu-Zn sulphide and magmatic Cu-Ni sulphide deposits, principally by drill testing late-time EM conductors (VTEM) that lie either on or close to the intersection of the major, east-trending Mount Vernon Fault and NE and NW trending splays and linking structures.

The Puolalaki Project currently comprises a single exploration permit (Puolalaki nr 100) centred over a synorogenic gabbro intrusion that hosts the nickel mineralisation discovered by NAN in 1998. In addition to the Ni-Cu-Co mineralisation at Puolalaki, the project also contains significant, high-grade gold mineralisation across two zones within the metasediments and metavolcanics surrounding the gabbro. The project is located in Sweden’s premier Gällivare mining district which is host to Europe’s largest open-cut copper mine Aitik, owned by Boliden and to LKAB’s Malmberget iron-ore mine.

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements does not guarantee future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the directors and our management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. We have no intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by law. These forward-looking statements are subject to various risk factors that could cause our actual results to differ materially from the results expressed or anticipated in these statements.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Appendix 1: Historical Mt Cattlin Drilling — Drill Hole Collar Table

Hole No Easting Northing RL Azimuth Dip EoH **Type ** Prospect Company
RAGC003 226883 6284355 248 132 -60 80 RC Sirdar Traka
RAGC004 226868 6284370 249 132 -60 79 RC Sirdar Traka
RAGC005 226860 6284335 248 131 -60 60 RC Sirdar Traka
RAGC006 226846 6284347 248 132 -60 80 RC Sirdar Traka
RAGC007 226841 6284321 248 130 -60 80 RC Sirdar Traka
RAGC008 226827 6284332 248 130 -60 75 RC Sirdar Traka
RAGC018 226830 6284287 247 130 -60 80 RC Sirdar Traka
RAGC019 226832 6284306 247 130 -60 80 RC Sirdar Traka
RAGC021 226899 6284347 249 131 -60 80 RC Sirdar Traka
RAGC024 226853 6284308 247 131 -60 80 RC Sirdar Traka
RAGC025 226855 6284358 248 131 -60 80 RC Sirdar Traka
RAGC026 226869 6284349 248 131 -60 80 RC Sirdar Traka
RAGC027 226873 6284317 248 131 -60 80 RC Sirdar Traka
RAGC028 226841 6284289 247 131 -60 80 RC Sirdar Traka
RAGC029 226813 6284294 247 131 -60 118 RC Sirdar Traka
RAGC030 226804 6284278 246 131 -60 100 RC Sirdar Traka
RAGC040 226836 6284312 248 131 -61 112 RC Sirdar Traka
RAGC041 226890 6284343 248 163 -60 100 RC Sirdar Traka
RAGC044 226877 6284317 248 163 -61 100 RC Sirdar Traka
RAGC045 226838 6284330 248 161 -59 120 RC Sirdar Traka
RAGC046 226830 6284368 248 163 -63 148 RC Sirdar Traka
RAGC047 226818 6284325 248 161 -59 101 RC Sirdar Traka
RAGC049 226790 6284372 247 161 -61 148 RC Sirdar Traka
RAGC088 226683 6284276 241 40 -60 221 RC Sirdar Traka
RAGC089 226742 6284230 243 40 -60 75 RC Sirdar Traka
RAGD038 226863 6284253 246 326 -53 420 DD Sirdar Traka
RAGD039 226844 6284271 247 40 -59 166 DD Sirdar Traka
RAGD090 226744 6284229 243 50 -68 270 DD Sirdar Traka
RAGD098 226662 6284067 234 37 -53 816 DD Sirdar Traka
RR091 226844 6284291 247 44 -60 69 DD Sirdar Metana
RR092 226831 6284276 247 44 -60 81 DD Sirdar Metana
RR093 226799 6284238 246 44 -60 50 DD Sirdar Metana
RR094 226812 6284225 245 44 -60 50 DD Sirdar Metana
RR124 226817 6284261 247 44 -60 81 DD Sirdar Metana
RR128 226815 6284289 247 44 -60 110 DD Sirdar Metana
RR132 226798 6284269 246 44 -60 120 DD Sirdar Metana
RR133 226824 6284296 247 44 -60 57 DD Sirdar Metana
RR134 226810 6284298 247 44 -60 84 DD Sirdar Metana
RR135 226813 6284256 247 44 -90 106 DD Sirdar Metana
RR136 226891 6284318 248 44 -90 50 RC Sirdar Metana
RR138 226872 6284334 248 44 -60 50 RC Sirdar Metana
RR139 226861 6284319 248 44 -60 70 DD Sirdar Metana
RR140 226849 6284329 248 44 -60 50 RC Sirdar Metana
RR144 226821 6284326 248 44 -60 50 RC Sirdar Metana
RR145 226841 6284259 247 44 -90 87 RC Sirdar Metana

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Hole No Easting Northing RL Azimuth Dip EoH **Type ** Prospect Company
RR146 226828 6284244 246 44 -90 93 DD Sirdar Metana
RR148 226801 6284241 246 44 -90 130 DD Sirdar Metana
RR151 226771 6284266 245 44 -90 51 RC Sirdar Metana
RR153 226796 6284296 246 44 -90 150 DD Sirdar Metana
SRC002 226870 6284324 248 42 -60 50 RC Sirdar Aquarius
SRC003 226854 6284304 247 42 -60 70 RC Sirdar Aquarius
SRC004 226836 6284283 247 42 -60 55 RC Sirdar Aquarius
SRC005 226824 6284269 247 42 -60 64 RC Sirdar Aquarius
SRC006 226875 6284345 248 42 -60 25 RC Sirdar Aquarius
SRC007 226859 6284326 248 42 -60 50 RC Sirdar Aquarius
SRC008 226846 6284310 247 42 -60 73 RC Sirdar Aquarius
SRC009 226890 6284332 248 42 -60 75 RC Sirdar Aquarius
SRC010 226875 6284315 248 42 -60 50 RC Sirdar Aquarius
SRC012 226898 6284327 249 42 -60 20 RC Sirdar Aquarius
SRC013 226883 6284309 247 42 -60 50 RC Sirdar Aquarius
SRC014 226890 6284302 247 42 -60 50 RC Sirdar Aquarius
SRC015 226834 6284250 246 42 -60 60 RC Sirdar Aquarius
RAGC001 227298 6284606 258 131 -60 100 RC MaoriQueen Traka
RAGC002 227271 6284563 258 132 -60 79 RC MaoriQueen Traka
RAGC015 227320 6284640 259 130 -60 90 RC MaoriQueen Traka
RAGC016 227247 6284529 258 130 -60 90 RC MaoriQueen Traka
RAGC031 227288 6284550 258 129 -58 56 RC MaoriQueen Traka
RAGC032 227258 6284580 256 130 -60 99 RC MaoriQueen Traka
RAGC033A 227333 6284607 260 128 -60 25 RC MaoriQueen Traka
RAGC034 227257 6284529 258 132 -60 60 RC MaoriQueen Traka
RAGC035 227307 6284602 258 130 -60 75 RC MaoriQueen Traka
RAGC036 227290 6284586 257 133 -62 116 RC MaoriQueen Traka
RAGC037 227270 6284599 256 135 -62 150 RC MaoriQueen Traka
RAGC050 227277 6284624 256 138 -61 150 RC MaoriQueen Traka
RAGC051 227240 6284553 257 138 -61 120 RC MaoriQueen Traka
RAGC052 227307 6284629 258 131 -59 105 RC MaoriQueen Traka
RAGC053 227251 6284618 256 138 -66 200 RC MaoriQueen Traka
RR014 227282 6284480 259 134 -60 30 RC MaoriQueen Metana
RR015 227272 6284491 259 134 -60 30 RC MaoriQueen Metana
RR017 227252 6284513 258 134 -60 30 RC MaoriQueen Metana
RR018 227230 6284506 258 134 -60 30 RC MaoriQueen Metana
RR021 227336 6284545 260 134 -60 17 RC MaoriQueen Metana
RR023 227328 6284565 260 134 -60 20 RC MaoriQueen Metana
RR025 227300 6284578 259 134 -60 30 RC MaoriQueen Metana
RR026 227293 6284584 259 134 -60 20 RC MaoriQueen Metana
RR028 227278 6284597 256 134 -60 20 RC MaoriQueen Metana
RR035 227100 6284233 256 134 -60 30 RC MaoriQueen Metana
RR036 227089 6284242 255 134 -60 30 RC MaoriQueen Metana
RR037 227151 6284445 258 134 -60 30 RC MaoriQueen Metana
RR039 227173 6284426 258 134 -60 30 RC MaoriQueen Metana
RR040 227184 6284417 258 134 -60 30 RC MaoriQueen Metana
RR058 227323 6284620 260 134 -60 40 DD MaoriQueen Metana
RR059 227275 6284533 259 134 -60 40 DD MaoriQueen Metana

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Hole No Easting Northing RL Azimuth Dip EoH Type Prospect Company
RR060 227260 6284545 257 134 -60 40 DD Maori Queen Metana
RR061 227220 6284451 258 134 -60 40 DD Maori Queen Metana
RR067 227148 6284320 257 134 -60 40 DD Maori Queen Metana
RR118 227270 6284549 258 134 -60 40 RC Maori Queen Metana
RR119 227257 6284535 258 134 -60 40 RC Maori Queen Metana
RR120 227179 6284434 258 134 -60 40 RC Maori Queen Metana
RAGC054 227174 6284362 258 130 -60 99 RC Maori Chief Traka
RAGC091 227151 6284339 257 132 -65 90 RC Maori Chief Traka
RR068 227133 6284333 257 134 -60 41 DD Maori Chief Metana
RR069 227124 6284276 257 134 -60 40 DD Maori Chief Metana
RR070 227109 6284289 257 134 -60 40 DD Maori Chief Metana
RR071 227068 6284195 254 179 -60 30 DD Maori Chief Metana
RR072 227057 6284205 253 134 -60 30 DD Maori Chief Metana
RAGC056 227062 6284191 253 130 -60 123 RC Maori Prince Traka
RAGC065 227102 6284168 254 130 -60 126 RC Maori Prince Traka
RAGC066 227031 6284214 252 130 -60 188 RC Maori Prince Traka
RAGC067 227043 6284164 252 130 -60 150 RC Maori Prince Traka
RAGC068 227094 6284229 256 130 -60 125 RC Maori Prince Traka
RAGC009 226556 6284750 257 130 -60 60 RC Ellendale Traka
RAGC012 226642 6284855 256 130 -60 55 RC Ellendale Traka
RAGC070 226643 6284845 255 130 -60 71 RC Ellendale Traka
RAGC071 226624 6284859 257 130 -60 120 RC Ellendale Traka
RAGC072 226623 6284805 257 130 -60 75 RC Ellendale Traka
RAGC073 226602 6284820 257 130 -60 117 RC Ellendale Traka
RAGC075 226557 6284758 257 130 -60 85 RC Ellendale Traka
RAGC014 226181 6285242 259 132 -60 60 RC Revelation Traka
RAGC059 226265 6285200 254 334 -69 237 RC Revelation Traka
RAGC063 226294 6285178 250 315 -78 306 RC Revelation Traka
RAGD058 226230 6285231 257 319 -57 244 DD Revelation Traka
RAGC082 226247 6284124 252 130 -60 108 RC Plantagenet Traka
RAGC083 226246 6284082 252 130 -60 66 RC Plantagenet Traka
RAGC084 226224 6284096 255 130 -60 108 RC Plantagenet Traka
RAGC085 226273 6284155 251 130 -60 114 RC Plantagenet Traka
RAGC086 226298 6284142 248 130 -60 66 RC Plantagenet Traka
RR086 226243 6284063 252 134 -60 30 DD Plantagenet Metana
RAGC077 226048 6284526 260 130 -60 66 RC Grafter Traka
RAGC079 226113 6284578 253 130 -60 215 RC Grafter Traka
RAGC080 225982 6284483 263 130 -60 72 RC Grafter Traka
RAGC081 226030 6284542 259 130 -60 114 RC Grafter Traka
RR045 226919 6285150 253 134 -60 30 RC Paramatta Metana
RR046 226930 6285141 254 134 -60 30 RC Paramatta Metana
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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Appendix 2: Historical Mt Cattlin Drilling — Assay Results

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Hole No From To Interval Au g/t Intercepts (0.5g/t Au COG) Prospect
RAGC003 19 23 4 2.28 4.00m @ 2.28 g/t Au from 19.00m Sirdar
and 34 35 1 0.52 1.00m @ 0.52 g/t Au from 34.00m Sirdar
and 39 44 5 3.32 5.00m @ 3.32 g/t Au from 39.00m Sirdar
and 51 53 2 2.43 2.00m @ 2.43 g/t Au from 51.00m Sirdar
RAGC004 73 74 1 4.23 1.00m @ 4.23 g/t Au from 73.00m Sirdar
and 77 78 1 1.7 1.00m @ 1.70 g/t Au from 77.00m Sirdar
RAGC005 39 43 4 1.09 4.00m @ 1.09 g/t Au from 39.00m Sirdar
RAGC006 49 74 25 2.83 25.00m @ 2.83 g/t Au from 49.00m Sirdar
RAGC007 54 59 5 1.36 5.00m @ 1.36 g/t Au from 54.00m Sirdar
and 62 63 1 1.06 1.00m @ 1.06 g/t Au from 62.00m Sirdar
RAGC008 21 22 1 1.15 1.00m @ 1.15 g/t Au from 21.00m Sirdar
and 30 34 4 0.91 4.00m @ 0.91 g/t Au from 30.00m Sirdar
and 38 44 6 0.94 6.00m @ 0.94 g/t Au from 38.00m Sirdar
and 66 75 9 0.7 9.00m @ 0.70 g/t Au from 66.00m Sirdar
RAGC018 30 41 11 2.55 11.00m @ 2.55 g/t Au from 30.00m Sirdar
and 73 74 1 131.24 1.00m @ 131.24 g/t Au from 73.00m Sirdar
RAGC019 53 68 15 5.22 15.00m @ 5.22 g/t Au from 53.00m Sirdar
RAGC021 18 25 7 1.89 7.00m @ 1.89 g/t Au from 18.00m Sirdar
and 34 35 1 0.85 1.00m @ 0.85 g/t Au from 34.00m Sirdar
RAGC024 28 30 2 0.72 2.00m @ 0.72 g/t Au from 28.00m Sirdar
and 33 34 1 21.78 1.00m @ 21.78 g/t Au from 33.00m Sirdar
and 40 41 1 0.63 1.00m @ 0.63 g/t Au from 40.00m Sirdar
and 53 54 1 0.59 1.00m @ 0.59 g/t Au from 53.00m Sirdar
RAGC025 36 37 1 2.14 1.00m @ 2.14 g/t Au from 36.00m Sirdar
and 46 47 1 1.31 1.00m @ 1.31 g/t Au from 46.00m Sirdar
and 66 67 1 1.11 1.00m @ 1.11 g/t Au from 66.00m Sirdar
and 72 73 1 1.24 1.00m @ 1.24 g/t Au from 72.00m Sirdar
RAGC026 14 15 1 0.54 1.00m @ 0.54 g/t Au from 14.00m Sirdar
and 27 28 1 0.57 1.00m @ 0.57 g/t Au from 27.00m Sirdar
and 79 80 1 2.73 1.00m @ 2.73 g/t Au from 79.00m Sirdar
RAGC027 31 32 1 6.88 1.00m @ 6.88 g/t Au from 31.00m Sirdar
RAGC028 8 9 1 2.36 1.00m @ 2.36 g/t Au from 8.00m Sirdar
and 15 21 6 1.17 6.00m @ 1.17 g/t Au from 15.00m Sirdar
and 22 25 3 3.27 3.00m @ 3.27 g/t Au from 22.00m Sirdar
and 54 60 6 0.69 6.00m @ 0.69 g/t Au from 54.00m Sirdar
and 74 75 1 1.41 1.00m @ 1.41 g/t Au from 74.00m Sirdar
RAGC029 76 82 6 0.85 6.00m @ 0.84 g/t Au from 76.00m Sirdar
RAGC030 7 8 1 2.16 1.00m @ 2.16 g/t Au from 7.00m Sirdar
and 29 30 1 0.64 1.00m @ 0.64 g/t Au from 29.00m Sirdar
and 45 46 1 0.68 1.00m @ 0.68 g/t Au from 45.00m Sirdar
and 58 59 1 15.19 1.00m @ 15.19 g/t Au from 58.00m Sirdar
and 65 68 3 0.75 3.00m @ 0.75 g/t Au from 65.00m Sirdar
RAGC040 49 55 6 1.94 6.00m @ 1.94 g/t Au from 49.00m Sirdar
RAGC041 9 10 1 1.77 1.00m @ 1.77 g/t Au from 9.00m Sirdar
and 15 16 1 1.86 1.00m @ 1.86 g/t Au from 15.00m Sirdar
RAGC044 15 17 2 0.54 2.00m @ 0.54 g/t Au from 15.00m Sirdar
Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Hole No From To Interval Au g/t Intercepts (0.5g/t Au COG) Prospect
and 22 23 1 0.89 1.00m @ 0.89 g/t Au from 22.00m Sirdar
RAGC045 72 74 2 0.62 2.00m @ 0.62 g/t Au from 72.00m Sirdar
and 78 83 5 1.42 5.00m @ 1.42 g/t Au from 78.00m Sirdar
RAGC046 85 86 1 5.36 1.00m @ 5.36 g/t Au from 85.00m Sirdar
and 89 93 4 1.2 4.00m @ 1.20 g/t Au from 89.00m Sirdar
RAGC047 90 91 1 0.72 1.00m @ 0.72 g/t Au from 90.00m Sirdar
RAGC049 22 23 1 1.01 1.00m @ 1.01 g/t Au from 22.00m Sirdar
and 38 40 2 0.76 2.00m @ 0.76 g/t Au from 38.00m Sirdar
RAGC088 154 155 1 0.56 1.00m @ 0.56 g/t Au from 154.00m Sirdar
and 168 170 2 2.59 2.00m @ 2.59 g/t Au from 168.00m Sirdar
RAGC089 71 72 1 0.51 1.00m @ 0.51 g/t Au from 71.00m Sirdar
RAGD038 15 19 4 0.64 4.00m @ 0.64 g/t Au from 15.00m Sirdar
and 23 28.5 5.5 1.55 5.50m @ 1.55 g/t Au from 23.00m Sirdar
and 44.63 45.6 0.97 5.9 0.97m @ 5.90 g/t Au from 44.63m Sirdar
and 268.9 270.5 1.6 19.17 1.60m @ 19.17 g/t Au from 268.90m Sirdar
RAGD039 16 26 10 8.12 10.00m @ 8.12 g/t Au from 16.00m Sirdar
and 44.8 55 10.2 7.35 10.20m @ 7.35 g/t Au from 44.80m Sirdar
and 60.65 65 4.35 2.04 4.35m @ 2.04 g/t Au from 60.65m Sirdar
and 68 69 1 2.04 1.00m @ 2.04 g/t Au from 68.00m Sirdar
and 74 75 1 53.6 1.00m @ 53.60 g/t Au from 74.00m Sirdar
and 81 82 1 1.16 1.00m @ 1.16 g/t Au from 81.00m Sirdar
and 94 95.55 1.55 2.21 1.55m @ 2.21 g/t Au from 94.00m Sirdar
and 108.2 108.7 0.5 1.3 0.50m @ 1.30 g/t Au from 108.20m Sirdar
RAGD090 156 156.5 0.5 3.04 0.50m @ 3.04 g/t Au from 156.00m Sirdar
and 173 174 1 0.66 1.00m @ 0.66 g/t Au from 173.00m Sirdar
and 209 210 1 0.52 1.00m @ 0.52 g/t Au from 209.00m Sirdar
RAGD098 101.5 102 0.5 0.82 0.50m @ 0.82 g/t Au from 101.50m Sirdar
and 258 259 1 0.79 1.00m @ 0.79 g/t Au from 258.00m Sirdar
and 290.5 291.5 1 0.75 1.00m @ 0.75 g/t Au from 290.50m Sirdar
and 304.5 305.5 1 0.57 1.00m @ 0.57 g/t Au from 304.50m Sirdar
and 337 338 1 1.22 1.00m @ 1.22 g/t Au from 337.00m Sirdar
RR091 0 4 4 0.87 4.00m @ 0.87 g/t Au from 0.00m Sirdar
and 20 28 8 2.24 8.00m @ 2.24 g/t Au from 20.00m Sirdar
and 30 31 1 1 1.00m @ 1.00 g/t Au from 30.00m Sirdar
and 36 37 1 0.64 1.00m @ 0.64 g/t Au from 36.00m Sirdar
RR092 4 8 4 0.66 4.00m @ 0.66 g/t Au from 4.00m Sirdar
and 14 15 1 1.85 1.00m @ 1.85 g/t Au from 14.00m Sirdar
and 34 55 21 3.41 21.00m @ 3.41 g/t Au from 34.00m Sirdar
and 59 60 1 0.65 1.00m @ 0.65 g/t Au from 59.00m Sirdar
and 67 68 1 0.61 1.00m @ 0.61 g/t Au from 67.00m Sirdar
and 71 74 3 1.69 3.00m @ 1.69 g/t Au from 71.00m Sirdar
and 80 81 1 1.6 1.00m @ 1.60 g/t Au from 80.00m Sirdar
RR093 37 38.2 1.2 7.1 1.20m @ 7.10 g/t Au from 37.00m Sirdar
RR094 29.5 30.5 1 1.02 1.00m @ 1.02 g/t Au from 29.50m Sirdar
and 41.3 42.5 1.2 2.75 1.20m @ 2.75 g/t Au from 41.30m Sirdar
RR124 12 13 1 1.6 1.00m @ 1.60 g/t Au from 12.00m Sirdar
and 30 38 8 6.82 8.00m @ 6.82 g/t Au from 30.00m Sirdar
and 55 60 5 6.5 5.00m @ 6.50 g/t Au from 55.00m Sirdar
and 66 67 1 0.63 1.00m @ 0.63 g/t Au from 66.00m Sirdar
Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Hole No From To Interval Au g/t Intercepts (0.5g/t Au COG) Prospect
and 77 78 1 1.57 1.00m @ 1.57 g/t Au from 77.00m Sirdar
RR128 52 53 1 0.79 1.00m @ 0.79 g/t Au from 52.00m Sirdar
and 66 72 6 1.77 6.00m @ 1.76 g/t Au from 66.00m Sirdar
and 78 79 1 0.54 1.00m @ 0.54 g/t Au from 78.00m Sirdar
and 100 103 3 5.66 3.00m @ 5.66 g/t Au from 100.00m Sirdar
and 105 109 4 0.81 4.00m @ 0.81 g/t Au from 105.00m Sirdar
RR132 86 87 1 0.71 1.00m @ 0.71 g/t Au from 86.00m Sirdar
and 88 99 11 1.54 11.00m @ 1.54 g/t Au from 88.00m Sirdar
and 104 110 6 1.79 6.00m @ 1.79 g/t Au from 104.00m Sirdar
RR133 0 8 8 1.63 8.00m @ 1.63 g/t Au from 0.00m Sirdar
and 33 42 9 23.42 9.00m @ 23.42 g/t Au from 33.00m Sirdar
and 45 49 4 6.03 4.00m @ 6.03 g/t Au from 45.00m Sirdar
RR134 42 44 2 0.78 2.00m @ 0.78 g/t Au from 42.00m Sirdar
and 65 67 2 0.93 2.00m @ 0.93 g/t Au from 65.00m Sirdar
and 71 72 1 0.94 1.00m @ 0.94 g/t Au from 71.00m Sirdar
and 82 83 1 0.56 1.00m @ 0.56 g/t Au from 82.00m Sirdar
RR135 34 36 2 6.92 2.00m @ 6.92 g/t Au from 34.00m Sirdar
and 84 85 1 1.2 1.00m @ 1.20 g/t Au from 84.00m Sirdar
and 100 101 1 1.92 1.00m @ 1.92 g/t Au from 100.00m Sirdar
RR136 22 24 2 15.38 2.00m @ 15.38 g/t Au from 22.00m Sirdar
RR138 14 16 2 0.65 2.00m @ 0.65 g/t Au from 14.00m Sirdar
and 26 30 4 3.1 4.00m @ 3.10 g/t Au from 26.00m Sirdar
RR139 12 14 2 0.78 2.00m @ 0.78 g/t Au from 12.00m Sirdar
and 20 26 6 50.07 6.00m @ 50.07 g/t Au from 20.00m Sirdar
and 38 40 2 2.66 2.00m @ 2.66 g/t Au from 38.00m Sirdar
and 46 48 2 48.04 2.00m @ 48.04 g/t Au from 46.00m Sirdar
and 58 59 1 0.77 1.00m @ 0.77 g/t Au from 58.00m Sirdar
RR140 4 6 2 0.51 2.00m @ 0.51 g/t Au from 4.00m Sirdar
and 34 48 14 1.16 14.00m @ 1.16 g/t Au from 34.00m Sirdar
RR144 18 20 2 2.6 2.00m @ 2.60 g/t Au from 18.00m Sirdar
RR145 0 6 6 0.92 6.00m @ 0.92 g/t Au from 0.00m Sirdar
and 66 79 13 3.4 13.00m @ 3.40 g/t Au from 66.00m Sirdar
and 82 84 2 0.62 2.00m @ 0.62 g/t Au from 82.00m Sirdar
RR146 52 53 1 3.68 1.00m @ 3.68 g/t Au from 52.00m Sirdar
and 80 81 1 0.96 1.00m @ 0.96 g/t Au from 80.00m Sirdar
RR148 19 20 1 17.21 1.00m @ 17.21 g/t Au from 19.00m Sirdar
and 123 124 1 0.86 1.00m @ 0.86 g/t Au from 123.00m Sirdar
RR151 4 6 2 0.8 2.00m @ 0.80 g/t Au from 4.00m Sirdar
RR153 146 147 1 2.16 1.00m @ 2.16 g/t Au from 146.00m Sirdar
SRC002 34 46 12 5.32 12.00m @ 5.32 g/t Au from 34.00m Sirdar
SRC003 12 14 2 0.81 2.00m @ 0.81 g/t Au from 12.00m Sirdar
and 30 36 6 0.81 6.00m @ 0.81 g/t Au from 30.00m Sirdar
and 68 70 2 14.6 2.00m @ 14.60 g/t Au from 68.00m Sirdar
SRC004 0 2 2 1.39 2.00m @ 1.39 g/t Au from 0.00m Sirdar
and 8 12 4 1.03 4.00m @ 1.02 g/t Au from 8.00m Sirdar
and 28 30 2 1.22 2.00m @ 1.22 g/t Au from 28.00m Sirdar
and 38 40 2 9.02 2.00m @ 9.02 g/t Au from 38.00m Sirdar
and 52 54 2 2.31 2.00m @ 2.31 g/t Au from 52.00m Sirdar
SRC005 0 4 4 0.96 4.00m @ 0.96 g/t Au from 0.00m Sirdar
Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Hole No From To Interval Au g/t Intercepts (0.5g/t Au COG) Prospect
and 20 28 8 6.66 8.00m @ 6.66 g/t Au from 20.00m Sirdar
and 44 58 14 6.57 14.00m @ 6.57 g/t Au from 44.00m Sirdar
and 62 64 2 1.2 2.00m @ 1.20 g/t Au from 62.00m Sirdar
SRC006 16 20 4 0.53 4.00m @ 0.53 g/t Au from 16.00m Sirdar
SRC007 28 30 2 4.45 2.00m @ 4.45 g/t Au from 28.00m Sirdar
and 40 42 2 0.67 2.00m @ 0.67 g/t Au from 40.00m Sirdar
and 46 48 2 0.58 2.00m @ 0.58 g/t Au from 46.00m Sirdar
SRC008 36 48 12 2.99 12.00m @ 2.99 g/t Au from 36.00m Sirdar
and 70 73 3 2.79 3.00m @ 2.79 g/t Au from 70.00m Sirdar
SRC009 6 10 4 0.59 4.00m @ 0.58 g/t Au from 6.00m Sirdar
and 14 16 2 1.24 2.00m @ 1.24 g/t Au from 14.00m Sirdar
SRC010 39 40 1 1.33 1.00m @ 1.33 g/t Au from 39.00m Sirdar
and 43 44 1 0.54 1.00m @ 0.54 g/t Au from 43.00m Sirdar
SRC012 12 16 4 1.28 4.00m @ 1.28 g/t Au from 12.00m Sirdar
SRC013 34 36 2 0.9 2.00m @ 0.90 g/t Au from 34.00m Sirdar
and 40 42 2 1.59 2.00m @ 1.59 g/t Au from 40.00m Sirdar
SRC014 30 32 2 0.52 2.00m @ 0.52 g/t Au from 30.00m Sirdar
SRC015 8 10 2 0.73 2.00m @ 0.73 g/t Au from 8.00m Sirdar
and 14 16 2 0.82 2.00m @ 0.82 g/t Au from 14.00m Sirdar
and 20 22 2 3.12 2.00m @ 3.12 g/t Au from 20.00m Sirdar
and 48 52 4 0.64 4.00m @ 0.64 g/t Au from 48.00m Sirdar
RAGC001 30 32 2 8.26 2.00m @ 8.26 g/t Au from 30.00m Maori Queen
and 60 63 3 2.72 3.00m @ 2.72 g/t Au from 60.00m Maori Queen
and 67 69 2 31.65 2.00m @ 31.65 g/t Au from 67.00m Maori Queen
and 77 79 2 1.05 2.00m @ 1.05 g/t Au from 77.00m Maori Queen
and 94 95 1 0.63 1.00m @ 0.63 g/t Au from 94.00m Maori Queen
RAGC002 0 1 1 0.51 1.00m @ 0.51 g/t Au from 0.00m Maori Queen
and 32 33 1 0.52 1.00m @ 0.52 g/t Au from 32.00m Maori Queen
and 54 55 1 1.05 1.00m @ 1.05 g/t Au from 54.00m Maori Queen
and 58 60 2 7.38 2.00m @ 7.38 g/t Au from 58.00m Maori Queen
RAGC015 65 66 1 0.5 1.00m @ 0.50 g/t Au from 65.00m Maori Queen
RAGC016 30 33 3 0.82 3.00m @ 0.82 g/t Au from 30.00m Maori Queen
and 53 55 2 2.21 2.00m @ 2.21 g/t Au from 53.00m Maori Queen
and 62 63 1 1 1.00m @ 1.00 g/t Au from 62.00m Maori Queen
and 79 80 1 0.5 1.00m @ 0.50 g/t Au from 79.00m Maori Queen
RAGC031 24 25 1 1.78 1.00m @ 1.78 g/t Au from 24.00m Maori Queen
and 28 29 1 1.58 1.00m @ 1.58 g/t Au from 28.00m Maori Queen
and 36 37 1 0.69 1.00m @ 0.69 g/t Au from 36.00m Maori Queen
RAGC032 73 78 5 6.34 5.00m @ 6.34 g/t Au from 73.00m Maori Queen
RAGC033A 23 24 1 22.7 1.00m @ 22.70 g/t Au from 23.00m Maori Queen
RAGC034 17 19 2 1.83 2.00m @ 1.83 g/t Au from 17.00m Maori Queen
and 22 23 1 0.57 1.00m @ 0.57 g/t Au from 22.00m Maori Queen
and 51 52 1 0.84 1.00m @ 0.84 g/t Au from 51.00m Maori Queen
RAGC035 40 41 1 0.81 1.00m @ 0.81 g/t Au from 40.00m Maori Queen
and 50 51 1 0.98 1.00m @ 0.98 g/t Au from 50.00m Maori Queen
and 55 57 2 6.4 2.00m @ 6.40 g/t Au from 55.00m Maori Queen
RAGC036 75 76 1 0.6 1.00m @ 0.60 g/t Au from 75.00m Maori Queen
and 98 101 3 2.2 3.00m @ 2.20 g/t Au from 98.00m Maori Queen
RAGC037 54 56 2 0.66 2.00m @ 0.66 g/t Au from 54.00m Maori Queen
Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Hole No From To Interval Au g/t Intercepts (0.5g/t Au COG) Prospect
and 65 68 3 2.49 3.00m @ 2.49 g/t Au from 65.00m Maori Queen
and 71 74 3 1 3.00m @ 1.00 g/t Au from 71.00m Maori Queen
and 78 79 1 0.76 1.00m @ 0.76 g/t Au from 78.00m Maori Queen
and 93 94 1 1.85 1.00m @ 1.85 g/t Au from 93.00m Maori Queen
and 110 111 1 0.56 1.00m @ 0.56 g/t Au from 110.00m Maori Queen
RAGC050 16 20 4 0.51 4.00m @ 0.51 g/t Au from 16.00m Maori Queen
and 28 30 2 4.03 2.00m @ 4.03 g/t Au from 28.00m Maori Queen
and 74 77 3 2.17 3.00m @ 2.17 g/t Au from 74.00m Maori Queen
and 83 85 2 1.22 2.00m @ 1.22 g/t Au from 83.00m Maori Queen
and 94 98 4 1.8 4.00m @ 1.80 g/t Au from 94.00m Maori Queen
and 129 130 1 1.55 1.00m @ 1.55 g/t Au from 129.00m Maori Queen
RAGC051 52 53 1 2.81 1.00m @ 2.81 g/t Au from 52.00m Maori Queen
and 63 64 1 0.66 1.00m @ 0.66 g/t Au from 63.00m Maori Queen
and 73 74 1 1.83 1.00m @ 1.83 g/t Au from 73.00m Maori Queen
and 77 79 2 0.6 2.00m @ 0.60 g/t Au from 77.00m Maori Queen
and 95 96 1 3.15 1.00m @ 3.15 g/t Au from 95.00m Maori Queen
RAGC052 40 41 1 0.6 1.00m @ 0.60 g/t Au from 40.00m Maori Queen
and 74 80 6 4.87 6.00m @ 4.87 g/t Au from 74.00m Maori Queen
RAGC053 77 83 6 1.57 6.00m @ 1.57 g/t Au from 77.00m Maori Queen
and 100 101 1 1.01 1.00m @ 1.01 g/t Au from 100.00m Maori Queen
and 109 110 1 2.14 1.00m @ 2.14 g/t Au from 109.00m Maori Queen
and 115 116 1 0.84 1.00m @ 0.84 g/t Au from 115.00m Maori Queen
and 121 122 1 1.72 1.00m @ 1.72 g/t Au from 121.00m Maori Queen
and 128 130 2 1.29 2.00m @ 1.29 g/t Au from 128.00m Maori Queen
and 136 138 2 0.64 2.00m @ 0.64 g/t Au from 136.00m Maori Queen
RR014 18 20 2 1.76 2.00m @ 1.76 g/t Au from 18.00m Maori Queen
RR015 0 1 1 1.29 1.00m @ 1.29 g/t Au from 0.00m Maori Queen
and 17 20 3 0.88 3.00m @ 0.88 g/t Au from 17.00m Maori Queen
RR017 5 6 1 0.75 1.00m @ 0.75 g/t Au from 5.00m Maori Queen
RR018 18 19 1 1.01 1.00m @ 1.01 g/t Au from 18.00m Maori Queen
and 22 23 1 4.95 1.00m @ 4.95 g/t Au from 22.00m Maori Queen
RR021 0 1 1 0.55 1.00m @ 0.55 g/t Au from 0.00m Maori Queen
RR023 11 14 3 0.57 3.00m @ 0.57 g/t Au from 11.00m Maori Queen
and 16 20 4 0.93 4.00m @ 0.93 g/t Au from 16.00m Maori Queen
RR025 0 1 1 0.52 1.00m @ 0.52 g/t Au from 0.00m Maori Queen
and 19 21 2 0.95 2.00m @ 0.95 g/t Au from 19.00m Maori Queen
RR026 1 2 1 0.5 1.00m @ 0.50 g/t Au from 1.00m Maori Queen
RR028 17 18 1 2.8 1.00m @ 2.80 g/t Au from 17.00m Maori Queen
RR058 24.8 26 1.2 2.48 1.20m @ 2.48 g/t Au from 24.80m Maori Queen
RR059 0 2 2 0.88 2.00m @ 0.88 g/t Au from 0.00m Maori Queen
and 31 34 3 0.69 3.00m @ 0.69 g/t Au from 31.00m Maori Queen
RR060 27 35 8 4.1 8.00m @ 4.10 g/t Au from 27.00m Maori Queen
RR118 0 4 4 2.59 4.00m @ 2.59 g/t Au from 0.00m Maori Queen
RR119 6 8 2 0.55 2.00m @ 0.55 g/t Au from 6.00m Maori Queen
and 12 14 2 1.71 2.00m @ 1.71 g/t Au from 12.00m Maori Queen
and 24 26 2 19.46 2.00m @ 19.46 g/t Au from 24.00m Maori Queen
RR037 23 24 1 1.79 1.00m @ 1.79 g/t Au from 23.00m Maori Queen
and 28 30 2 0.92 2.00m @ 0.92 g/t Au from 28.00m Maori Queen
RR039 14 15 1 0.8 1.00m @ 0.80 g/t Au from 14.00m Maori Queen
Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Hole No From To Interval Au g/t Intercepts (0.5g/t Au COG) Prospect
and 19 24 5 4.43 5.00m @ 4.43 g/t Au from 19.00m Maori Queen
and 25 26 1 0.52 1.00m @ 0.52 g/t Au from 25.00m Maori Queen
RR040 20 21 1 0.98 1.00m @ 0.98 g/t Au from 20.00m Maori Queen
RR061 6 8 2 1.1 2.00m @ 1.10 g/t Au from 6.00m Maori Queen
RR067 19.2 22 2.8 1.08 2.80m @ 1.08 g/t Au from 19.20m Maori Queen
RR120 20 22 2 1.14 2.00m @ 1.14 g/t Au from 20.00m Maori Queen
RR035 14 15 1 1.01 1.00m @ 1.01 g/t Au from 14.00m Maori Queen
and 29 30 1 0.66 1.00m @ 0.66 g/t Au from 29.00m Maori Queen
RR036 17 22 5 2.73 5.00m @ 2.73 g/t Au from 17.00m Maori Queen
and 25 26 1 1.28 1.00m @ 1.28 g/t Au from 25.00m Maori Queen
RAGC054 21 25 4 2.35 4.00m @ 2.35 g/t Au from 21.00m Maori Chief
RAGC091 25 27 2 1.67 2.00m @ 1.67 g/t Au from 25.00m Maori Chief
and 35 37 2 1.5 2.00m @ 1.50 g/t Au from 35.00m Maori Chief
RAGC091 75 76 1 1.31 1.00m @ 1.31 g/t Au from 75.00m Maori Chief
RR068 15 16 1 8.9 1.00m @ 8.90 g/t Au from 15.00m Maori Chief
and 36.5 37 0.5 0.78 0.50m @ 0.78 g/t Au from 36.50m Maori Chief
RR069 4 14 10 0.76 10.00m @ 0.76 g/t Au from 4.00m Maori Chief
and 23 24 1 0.82 1.00m @ 0.82 g/t Au from 23.00m Maori Chief
RR070 29 34 5 1.35 5.00m @ 1.35 g/t Au from 29.00m Maori Chief
RR071 0 2 2 0.9 2.00m @ 0.90 g/t Au from 0.00m Maori Chief
RR072 24 25.8 1.8 1.53 1.80m @ 1.53 g/t Au from 24.00m Maori Chief
RAGC056 62 66 4 20.45 4.00m @ 20.45 g/t Au from 62.00m Maori Prince
RAGC065 54 55 1 0.63 1.00m @ 0.63 g/t Au from 54.00m Maori Prince
RAGC066 30 31 1 2.37 1.00m @ 2.37 g/t Au from 30.00m Maori Prince
and 54 55 1 0.82 1.00m @ 0.82 g/t Au from 54.00m Maori Prince
and 58 59 1 1.51 1.00m @ 1.51 g/t Au from 58.00m Maori Prince
and 112 114 2 0.72 2.00m @ 0.72 g/t Au from 112.00m Maori Prince
and 133 134 1 0.62 1.00m @ 0.62 g/t Au from 133.00m Maori Prince
and 152 156 4 0.9 4.00m @ 0.90 g/t Au from 152.00m Maori Prince
and 170 172 2 0.81 2.00m @ 0.81 g/t Au from 170.00m Maori Prince
RAGC067 100 101 1 7.14 1.00m @ 7.14 g/t Au from 100.00m Maori Prince
and 107 108 1 0.58 1.00m @ 0.58 g/t Au from 107.00m Maori Prince
and 119 123 4 0.78 4.00m @ 0.78 g/t Au from 119.00m Maori Prince
and 132 133 1 0.78 1.00m @ 0.78 g/t Au from 132.00m Maori Prince
and 143 144 1 0.66 1.00m @ 0.66 g/t Au from 143.00m Maori Prince
and 148 149 1 0.61 1.00m @ 0.61 g/t Au from 148.00m Maori Prince
RAGC068 47 48 1 5.34 1.00m @ 5.34 g/t Au from 47.00m Maori Prince
and 53 55 2 2 2.00m @ 2.00 g/t Au from 53.00m Maori Prince
RAGC009 45 46 1 0.72 1.00m @ 0.72 g/t Au from 45.00m Ellendale
and 55 57 2 0.52 2.00m @ 0.52 g/t Au from 55.00m Ellendale
RAGC012 41 42 1 1.39 1.00m @ 1.39 g/t Au from 41.00m Ellendale
and 45 46 1 0.53 1.00m @ 0.53 g/t Au from 45.00m Ellendale
RAGC070 44 52 8 1.21 8.00m @ 1.21 g/t Au from 44.00m Ellendale
RAGC071 76 77 1 2.83 1.00m @ 2.83 g/t Au from 76.00m Ellendale
and 80 81 1 0.57 1.00m @ 0.57 g/t Au from 80.00m Ellendale
RAGC072 18 23 5 0.81 5.00m @ 0.81 g/t Au from 18.00m Ellendale
and 24 37 13 1.51 13.00m @ 1.51 g/t Au from 24.00m Ellendale
RAGC073 77 87 10 2.7 10.00m @ 2.70 g/t Au from 77.00m Ellendale
and 90 91 1 0.74 1.00m @ 0.74 g/t Au from 90.00m Ellendale
Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Hole No From To Interval Au g/t Intercepts (0.5g/t Au COG) Prospect
RAGC075 54 58 4 1.18 4.00m @ 1.18 g/t Au from 54.00m Ellendale
and 71 73 2 0.83 2.00m @ 0.83 g/t Au from 71.00m Ellendale
RAGC014 1 2 1 0.66 1.00m @ 0.66 g/t Au from 1.00m Revelation
and 52 54 2 0.95 2.00m @ 0.95 g/t Au from 52.00m Revelation
RAGC059 107 108 1 0.86 1.00m @ 0.86 g/t Au from 107.00m Revelation
and 160 161 1 0.53 1.00m @ 0.53 g/t Au from 160.00m Revelation
and 194 195 1 1.18 1.00m @ 1.18 g/t Au from 194.00m Revelation
RAGC063 264 265 1 0.54 1.00m @ 0.54 g/t Au from 264.00m Revelation
and 273 274 1 0.82 1.00m @ 0.82 g/t Au from 273.00m Revelation
RAGD058 166.8 167.1 0.3 0.53 0.30m @ 0.53 g/t Au from 166.80m Revelation
RAGC082 66 67 1 2.41 1.00m @ 2.41 g/t Au from 66.00m Plantagenet
and 107 108 1 0.7 1.00m @ 0.69 g/t Au from 107.00m Plantagenet
RAGC083 17 20 3 0.92 3.00m @ 0.92 g/t Au from 17.00m Plantagenet
and 23 24 1 10.5 1.00m @ 10.50 g/t Au from 23.00m Plantagenet
and 38 44 6 5.41 6.00m @ 5.41 g/t Au from 38.00m Plantagenet
and 58 59 1 2 1.00m @ 2.00 g/t Au from 58.00m Plantagenet
RAGC084 41 42 1 0.7 1.00m @ 0.70 g/t Au from 41.00m Plantagenet
and 62 65 3 19.98 3.00m @ 19.98 g/t Au from 62.00m Plantagenet
and 81 82 1 2.99 1.00m @ 2.99 g/t Au from 81.00m Plantagenet
RAGC085 26 27 1 0.99 1.00m @ 0.99 g/t Au from 26.00m Plantagenet
and 104 105 1 0.62 1.00m @ 0.62 g/t Au from 104.00m Plantagenet
RAGC086 14 18 4 18.52 4.00m @ 18.52 g/t Au from 14.00m Plantagenet
and 29 30 1 0.54 1.00m @ 0.54 g/t Au from 29.00m Plantagenet
RR086 28 30 2 1.55 2.00m @ 1.55 g/t Au from 28.00m Plantagenet
RAGC077 17 18 1 0.92 1.00m @ 0.92 g/t Au from 17.00m Grafter
and 54 55 1 0.69 1.00m @ 0.69 g/t Au from 54.00m Grafter
and 59 60 1 2.94 1.00m @ 2.94 g/t Au from 59.00m Grafter
RAGC079 19 20 1 4.34 1.00m @ 4.34 g/t Au from 19.00m Grafter
RAGC080 10 12 2 0.74 2.00m @ 0.74 g/t Au from 10.00m Grafter
and 62 63 1 0.86 1.00m @ 0.86 g/t Au from 62.00m Grafter
RAGC081 44 47 3 1 3.00m @ 1.00 g/t Au from 44.00m Grafter
and 53 57 4 0.87 4.00m @ 0.87 g/t Au from 53.00m Grafter
and 63 69 6 0.61 6.00m @ 0.61 g/t Au from 63.00m Grafter
and 74 75 1 2.01 1.00m @ 2.01 g/t Au from 74.00m Grafter
RR045 13 22 9 1.11 9.00m @ 1.11 g/t Au from 13.00m Paramatta
and 27 28 1 0.77 1.00m @ 0.77 g/t Au from 27.00m Paramatta
RR046 0 5 5 0.71 5.00m @ 0.71 g/t Au from 0.00m Paramatta
and 18 19 1 0.5 1.00m @ 0.50 g/t Au from 18.00m Paramatta
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*** Reported above 0.5 g/t Au Cut O� Grade with maximum 2 metre internal dilution > 0.3 g/t Au within reported intervals**

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Appendix 3: Mt Cattlin Gold Project — JORC Table 1 Section 1 Sampling Techniques and Data

Criteria Explanation Comment
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.
RC and diamond drill samples were taken.

All RC samples submitted by Traka Resources Ltd
(Traka) to the laboratory were collected as 1 to 3
kg splits from riffle and/or cone splitters mounted
to the drill rig cyclone. RC downhole sample
intervals were 1 metre intervals, producing samples
between 15kg and 25 kg in weight. Face sampling
downhole hammers varying between 4.9” to 5.1” in
diameter with either 4” or 4.5” rods were the drill-
strings used. Each metre drilled was separately
bagged and these samples kept-on site until
geological logging, duplicate sampling and all
laboratory data were verified. In Traka’s 2021
drilling, two separate splits off the cyclone were
automatically collected for all samples. The
duplicates were assigned unique sample numbers.
Where visual evidence of mineralisation was
observed
and/or
anomalous
pXRF
readings
indicated the presence of mineralisation the
original and duplicate was submitted to the
laboratory. This procedure enabled an evaluation of
sampling and laboratory integrity and more
particularly tested for the repeatability of gold
assay results in the event of irregular nuggetty
distribution.

Diamond drill core samples submitted by Traka to
the laboratory were from ½ NQ2 (47.6mm)
diameter core at intervals determined by the
supervising geologist, but typically no more than 1
metre in length for any one sample. Sample
intervals were selected to avoid crossing geological
contacts so that an accurate correlation of assay
results to the host rock, geological features and
mineralisation could be determined.

Metana Minerals NL: WAMEX open file reports
reviewed by Avira's CP. Original drill logs digitised
and available. RC samples collected at 1m intervals,
composited to 2m for submission. Half-core
submitted for diamond holes. Assay certificates
reviewed. Methodology pre-dates JORC but is
consistent with industry practice of the period and
considered adequate by Avira.

Aquarius Exploration NL: RC drilling at 1m intervals
composited to 2m, submitted to Genalysis for
Au/Cu analysis by AAS. Drill type and methodology
confirmed from WAMEX open file reports reviewed
by Avira
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).
Maori Queen: 43 RC and diamond holes have been
drilled into the immediate Maori Queen area but
only 20 of these intersected the main lode. Lower
grade mineralisation in parallel lodes both footwall
and hanging to the Main Lode were not included in
historic resource calculations.

Sirdar: 80 RC and diamond drill holes were used in
the historic Mineral Resource calculation on Sirdar.
Several bottom cut-off grade shells were modelled
and compared to produce the most robust and
realistic model.

All RC and diamond drilling completed under
Traka’s tenure was downhole surveyed. In addition,

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Criteria Explanation Comment
the diamond holes were orientated (using north
seeking gyro Directa Hybrid survey instrument)

Drill core orientation marks were taken at all
intervals necessary or possible so that as much as
the hole as possible was orientated. More than 95%
of the diamond core was successfully orientated.

The RC and diamond drilling completed in the last
program was by Wizard Drilling using a McCullochs
DR950 dual purpose drill rig. An auxiliary
compressor and a booster gave up to 1300 cfm and
550 psi while is RC mode.

A conventional wire line inner tube recovery
technique was used for the diamond drill part of
the program.

Metana: RC and diamond drilling. Drill type and
methodology confirmed from WAMEX open file
reports reviewed by Avira, consistent with standard
industry practice of the period.

Aquarius: RC drilling with face-sampling hammer at
1m intervals confirmed from WAMEX open file
reports reviewed by Avira.
Drill
sample
recovery
Method of recording and assessing core and chip
sample recoveries and results assessed.

Measures taken to maximise sample recovery and
ensure representative nature of the samples.

Whether a relationship exists between sample
recovery and grade and whether sample bias may
have occurred due to preferential loss/gain of
fine/coarse material.
RC sample recovery was very good with only slight
variation in sample size observed in the transition
zone from weathered to fresh rock and where
ground water was first encountered.

Ground water occurred between 20 and 50 metres
vertical depth but most of the RC samples (95%)
were kept dry by blowing out the water on drill rod
changes.

No sample bias was detectable in any of the drilling
undertaken, irrespective of ground conditions. The
ability to cross-reference results and correlate
information across earlier generation of drilling
provides a very high level of confidence.

Drilling operations were supervised full- time by an
experienced Geologist and Field Assistant.

While RC drilling in addition to collection of the
cyclone split sample (for laboratory analysis),
coarse grained chips were sieved off and placed in
chip trays for geological logging and future
reference. A -1 mm sieved sample was also
collected, bagged and analysed using pXRF on site
and while drilling.

Copper pXRF readings have been established as a
good pathfinder to gold mineralisation
and
therefore
all
RC
and
diamond
core
were
systematically screened by pXRF first and ahead of
laboratory submission.

There was no core loss and most of the core was
intact between breaks to enable full orientation and
RQD to be completed.

Diamond coring was started in fresh rock as tails
to RC pre-collars drilled in the weathered horizon.
This has avoided the common issue of core loss in
the clay rich near surface horizon.

Traka rehabilitated Metana and Aquarius drill sites
in 2004, including the 1m drill sample bags, after
verifying the drill-collar positions and confirming
the integrity of the reported data.

Formal sample recovery data is not recorded in
available WAMEX reports for Metana or Aquarius.
Avira has assessed this absence as not material on
the basis that:(i)subsequent Traka infill drilling

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Criteria Explanation Comment
returned results consistent with the historical
database; and (ii) Greenstone Resources' (2000)
resampling of three Aquarius RC holes at Sirdar
established very good correlation with original
results, independently confirming the absence of
systematic bias.
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 RC drilling completed by Traka was logged
metre by metre by an experienced geologist as
drilling progressed on site. Chip-trays with a
sample of each metre were collected at the same
time as logging and kept for future reference.

Drill logs for RC drilling completed by Metana and
Aquarius were sourced though WAMEX.

All RC drill samples completed by Traka were
analysed as drilling progressed by pXRF and
measure for Magnetic Susceptibility reading

RC drilling by Metana was logged on site and
samples split into 2 metre composites weighing
about 3kg. Some samples were analysed for gold
by Genalysis Laboratory
Services using AAS.
Samples that returned more than 1 g/t Au were
resampled at 1 metre intervals and re-assayed by
Fire Assay in Metana’s Perth laboratory.

Diamond drill holes completed by Metana were
logged on site, sample intervals marked on site and
core recovery recorded (excess of 90% recovery
overall). Half core samples were submitted to the
laboratories.

Metana: Drill logs completed on site, subsequently
digitised,and standardised to Avira's current

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Criteria Explanation Comment
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database format and reviewed by Avira.

Aquarius: RC holes logged at 1m intervals on site
as drilling progressed. Logs sourced from WAMEX
and reviewed by Avira. Logging detail is considered
adequate for reporting of exploration results.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Criteria Explanation Comment
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Criteria
Explanation
Comment		 Criteria
Explanation
Comment		 Criteria
Explanation
Comment
Sub-sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether quarter,
half or all core taken.

If non-core, whether riffled, tube sampled, rotary split,
etc and whether sampled wet or dry.

For all sample types, the nature, quality and
appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.

Measures taken to ensure that the sampling is
representative of the in situ material collected,
including
for
instance
results
for
field
duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain
size of the material being sampled.
RC drilling by Aquarius Exploration NL (1993) was
sampled and logged at 1 metre intervals as drilling
progressed but composited to 2m for submission
for gold and copper analysis.

All core was logged, and half core sample intervals
submitted for analysis. The remnant half core was
kept in core trays and in 2004 Traka collected all
available core left over from Metana’s diamond drill
program and stored them on pallets in a core farm.

Traka’s drill core was stored in the same manner.

All Traka core was logged, photographed wet and
dry
and
measured
for
RQD.
Structural
measurements
for
features
including
veins,
geological contacts, shears, and joints for all
sections of orientated core were taken, and this
data was used and stored within the company’s
database.

Quantitative geotechnical logging including RQD,
core recovery, fracture frequency was undertaken
for the full length of all core.

Qualitative and quantitative codes and descriptions
were used to record geological data including
lithology, mineralisation, alteration, and structure.

Sample preparation of Traka diamond drill core and
RC samples followed industry best practice. Sample
preparation involves oven drying, course crush to
70% < - 6 mm than Mixer Mill of whole sample to
80% <75 microns.

Quality control of the drillhole sample database has
varied over the years as drilling has
been
undertaken
by
four
independent
companies
spanning more than 40 years (Aquarius, Metana,
Greenstone and Traka). However, all operators were
professionally run companies and were applying
best practice procedures at the time. These
practices remain valid today.

In relation to sample size and diamond drill hole
core the ½ core sample size used by all companies
is robust practice. For gold analysis in particular the
large sample size followed up by large >20 g pulp
size for acid digest mitigates the possibility of non-
repeatable assay data because of nugget effect.
The sample and pulp size was deemed larger than
would be used if just assaying for base metals.

In relation to the sample size and RC drill holes they
have remained the same throughout. The emphasis
on relatively large sample sizes to counteract the
possibility of nugget effect formed to basis for all
samples collected.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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----- Start of picture text -----

Criteria Explanation Comment
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Criteria
Explanation
Comment		 Criteria
Explanation
Comment		 Criteria
Explanation
Comment
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.
In 2000 Greenstone resampled 3 of Aquarius’s RC
2 metre composited drill holes (SRC8, 10 and 11)
at Sirdar in 1 metre intervals. Greenstone’s samples
were submitted to Genalysis for Aqua Regia digest
and AAS analysis. Greenstone established very
good correlation of their results with that of
Aquarius.

RC samples for Traka’s 2003 RC drilling program
was initially submitted as 4 metre composites and
where anomalous gold assays were detected the 1
metre sample intervals comprising the composite
were taken and re-submitted for analysis. All
samples were submitted to Genalysis Laboratories
for Au analysis using 25g FA25/MS and Ag, As, Co,
Cu, and Pb by AT/OES.

RC and diamond drilling by Traka in 2020/2021
were submitted to Labwest Laboratories
for
Express Gold +20 element analysis. Express Gold
uses a 20g charge and Microwave Assisted Aqua
Regia digest from pulp following whole sample
Mixer Mill grind with 80% of sample under 75-
micron. The elements assayed were Au, Ag, As, Bi,
Co, Au, Cr, Cu, Fe, Hg, In, Mn, Mo, Ni, Sb, Pb, Te, Tl,
U, W, Zn

The various analytical techniques used by various
parties over several generations of work have
enabled a close comparison of results. All the assay
and sample data is valid, of good
quality,
repeatable where duplicated and cross checks were
made and all cases collected,
managed and
recorded
by
professionally
run
exploration
companies.

Duplicate
sampling,
re-splits
of
composited
samples and laboratory standard checks by all
parties have resulted in a good quality reliable
sample and geology database.

At Maori Queen, within Traka’s 2021 RC drill
program, 183 duplicate samples were collected .
The Medium of Differences between the original and
duplicate sample was 0, which for gold with typical
nuggety inhomogeneous distribution is considered
good.

At Sirdar, within Traka’s 2021 RC drill program, 51
duplicate samples were collected. The Medium of
Differences between the original and duplicate
sample was 0.0002, which for gold with typical
nuggety inhomogeneous distribution is considered
good.

The various choices of Laboratories, analytical
technics, digest and assay do not show
any
material difference to the results received. This
indicates mineralisation without signs of being
refractory nature and that the historic database is
reliable to use.

Metana: Samples submitted to Genalysis for Au by
AAS; intervals >1 g/t Au resampled at 1m and re-
assayed by fire assay.

Aquarius: Samples submitted to Genalysis for
Au/Cu by AAS. Greenstone Resources (2000)
resampled three Aquarius holes at Sirdar (SRC8,
SRC10,
SRC11)
and
established
very
good
correlation
with
original
results,
providing
independent cross-validation of the Aquarius assay
database.

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Criteria
Explanation		 Criteria
Explanation		 Comment
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.
Traka’s 2021 drilling of the Maori Queen Main Lode
(9 holes of 16 in total) was predominantly infill in
nature. This being the case, there was an expected
mineralised position and grade result assuming the
wider spaced pre-existing drill data was reliable.
The outcome met expectations thereby indicating a
high degree of data integrity.

Traka 2012 drilling of Sirdar (8 holes of 53 in total)
was predominantly infill in nature. There were 4
drilling directions used to assess the Sirdar
Location
ofdata
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.
The early generation (Metana and Aquarius)
position of drill holes at Maori Queen and Sirdar
were positioned with reference to a local grid put in
place by a Licensed Surveyor. After drilling the
collar positions were re-surveyed by a Licensed
Surveyor. In 2003 Traka converted the collar
positions to AMG84 Zone 51 and now to MGA94
Zone 51. Traka’s 2021 drilling has been located
using the Average Function on a handheld GPS. The
accuracy of the GPS is between 1 and 3 metres.
Because there was reference to other
earlier
generation surveyed drill holes the accuracy of drill
hole collar positions was readily established. In
2026 Avira
converted all collar positions to
MGA51GDA2020.

The old local grid is not used anymore because of
high resolution ortho-photography and
GPS
technology enables accurate positioning without
use of a local grid.

A DEM surface was generated for the project using
the ALOS radar data and the relative elevation of
theproject fixed topreviouslysurveyed drill collar

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Criteria Explanation Comment
datum.
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.
Drill hole spacing at Maori Queen is nominally 40
metre x 40 metre but adjusted to test the accuracy
of earlier generation drill hole data, avoid old mine
workings and to determine
down dip/plunge
continuity. Traka considered this spacing sufficient
to establish continuity of the Main Lode, but not for
the
mineralisation
intersected
in
the
less
continuous footwall and hanging
wall lodes
parallel to the Main Lode. Traka published an
Inferred Resource in June 2021 saying the
resource could be confidently calculated for the
Main Lode and Exploration Target classification if
the Footwall and Hanging Wall lodes were included.

Drill spacing at Sirdar is nominally 20 metres x 10
metres i.e., a high density, but because drilling is
orientated in 4 different directions it is not a
particularly consistent pattern. However, modelling
in 3D (Micromine and Leapfrog Software) has now
enabled all the drill data to be utilized. Traka
reported there was a high degree of confidence in
the historical mineralised model where the drill
density is high to define an Indicated Resource.
Where drilling density is less dense, in the deeper
position, the mineral resource was classified as an
Inferred Resource.

Drill spacing at other prospects is too variable and
wide to define resource estimates.

Avira has not yet provided a Mineral Resource
Estimate. Reverse circulation drilling is scheduled for
the second and third quarters of 2026, with the
objective of delineating shallow extensions of the
existing mineralisation at Sirdar and Maori Queen.
The results of this program are intended to support
Avira’s inaugural Mineral Resource Estimate

No composited sample data has been applied at
Maori Queen or Sirdar.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Criteria
Explanation		 Criteria
Explanation		 Comment
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.
Mineralisation at Maori Queen is dipping about 70
degrees in a north-west direction. All the drilling
completed is effective and unbiased for this
orientation of mineralisation.

The high-grade mineralisation at Sirdar has been
resolved to be related to north-west plunging
shoots. A few drill holes have biased results, having
passed through individual shoots at acute angles,
but other nearby drill holes have provided sufficient
data to constrain this bias.

Other prospects are still being explored, with
geology and structures needing more drilling for
proper definition.

No orientation-based sampling bias is apparent in
the reported data.

Intersections are reported as downhole lengths.
Sample
security		 The measures taken to ensure sample security.
Historically, under Traka, experienced Geologist and
Field
Assistants supervised all sampling and
submissions to professionally run accredited third-
party laboratories.

Prior to Traka, no measures to ensure sample
security were identified.
Audits
or
reviews		 The results of any audits or reviews of sampling
techniques and data.
Avira audited and validated the Mt Cattlin database
by cross-referencing assay lab files, sampling
techniques and historical reports, compiling all
datasets into a single Access DHDB platform,
confirming its integrity.

Traka previously reviewed the data and reported its
Maiden Mineral Resource Estimates for Sirdar and
Maori Queen in an ASX release dated June 22,
2023.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Criteria Explanation Comment
Mineral
tenement
and land
tenure status
Type,
reference
name/number,
location
and
ownership including agreements or material issues
with third parties such as joint ventures, partnerships,
overriding royalties, native title interests, historical
sites, wilderness or national park and environmental
settings.

The security of the tenure held at the time of reporting
along with any known impediments to obtaining a
licence to operate in the area.
The Mt Cattlin Gold Project is located on E74/401-
I.

The tenement (E74/401-I) is registered in the
name of Galaxy Lithium Australia Pty Ltd, a
subsidiary
of
Rio
Tinto
Lithium.
Prowse
Commodities Pty Ltd (100% owned by Avira
Resources Ltd, ASX: AVW), acquired all mineral
rights (excluding pegmatite minerals) from Traka
in December 2025. An agreement with the
tenement holder grants Prowse Commodities the
rights to gold and all other commodities except
for mineralisation including lithium and tantalum
associated with pegmatite dykes.

Galaxy Lithium Australia Pty Ltd (Rio Tinto
Lithium) currently holds the tenement. Under the
mineral rights agreement, Prowse Commodities
Pty Ltd (owned by Avira Resources Ltd) can
acquire a Mining Lease for future gold production,
but Galaxy's rights remain protected if this occurs

The tenement is in good standing with all
necessary stakeholder approvals in place or
under
development
(Private
Landowners,
Aboriginal Heritage, Shire and Environmental).

An Extension of Term submission for E74/401 for
the grant of a further 2 years is currently with
DEMIRS, and remains in good standing under
“Deemed to be in Force” status pending the
departments routine administrative processing.
The Company has exceeded all minimum
expenditure requirements to date and has a
comprehensive two-year exploration program,
including significant RC drilling scheduled for the
upcoming term. A formal two-year extension is
expected to be granted in due course.
Exploration
done by
other parties		 Acknowledgment and appraisal of exploration by other
parties.
Previous drilling and appraisal by the former
operators Amoco (1977-80), Metana (1985-90),
Aquarius (1991-93), Greenstone (1998-2002)
and Traka (2003-25) is acknowledged. Reference
to drilling results by these companies is
acknowledged in Appendices 1 and 2 of this
release.
Geology Deposit type, geological setting and style of
mineralisation.
The Maori Queen resource is hosted in 70-degree
north-west dipping quartz veined shear which
has a richer central Main Lode structure and
weaker parallel mineralised lodes both footwall
and hanging wall to it. The host rocks to gold,
plus the associated copper mineralisation with
the gold, is basalt and dolerite. A high-grade gold
shoot, which is about 100 metres long in the
Main Lode, is the dominant feature and where
historic mining from surface to about 70 metres
was undertaken. Drilling has now established
that the high-grade shoot is open to depth. The
shear
which
hosts
the
Maori
Queen
mineralisation can be traced for over 1 kilometre
in length. Other high-grade shoots like that at
Maori Queen are thought to occur along the
shear.

The Sirdar mineralisation is hosted in strongly
altered and stockwork quartz veined dolerite.
Drilling over a strike length of 115 metres has
delineated high-grade zones each having a strike
extent of about 20 metres and down plunge
continuityof about 100
metres.
A latephase

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Criteria Explanation Comment
east dipping pegmatite dyke (10 to 15 metres
thick) cuts through the Sirdar mineralisation at
about 100 metres depth and currently acts as the
base to the mineral resource. A few drill holes that
have passed through the pegmatite dyke indicate
that the high-grade gold mineralisation persists to
depth but there is not sufficient drilling at depth
to quantify this potential. A single deep hole
(RAGD038) drilled intersected a narrow high-
grade gold zone (1.6m @ 19.2 g/t Au)
approximately 200 metres below the east dipping
pegmatite dyke. Infill drilling is required to
ascertain whether this gold intersection links to
the near surface Sirdar position or is a separate
mineralised position.

Other exploration prospects are hosted in narrow
quartz-veined shear zones located within the
dolerite and diorite sequences of the Mt Cattlin
polyphase intrusive complex and Annabelle
Volcanics.
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.

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 information relating to the reported
drillholes are listed in Appendix 1.

Downhole lengths and intersection depths of
significant intervals are detailed in Appendix 2.

Additional drill hole information is provided within
the body of this report.
Data
aggregation
methods
In reporting Exploration Results, weighting averaging
techniques,
maximum
and/or
minimum
grade
truncations (eg cutting of high grades) and cut-off
grades are usually Material and should be stated.

Where aggregate intercepts incorporate short lengths
of high grade results and longer lengths of low grade
results, the procedure used for such aggregation
should be stated and some typical examples of such
aggregations should be shown in detail.

The assumptions used for any reporting of metal
equivalent values should be clearly stated.
Documented
intercepts
represent
length-
weighted averages and are calculated using a
lower-tier cut-off of 0.5 g/t Au.

The data remains untruncated, with no upper-
level grade capping implemented.

Individual reported intersections are permitted to
contain a maximum of 2m of consecutive internal
waste with an overall grade >0.3 g/t Au.

Reported intervals may feature multiple internal
dilution zones, provided the total cumulative
waste within any single interval does not exceed
4m.

Any mineralised zones containing more than 2m
of uninterrupted internal dilution are segmented
into separate reporting intervals.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Criteria Explanation Comment
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly important in the
reporting of Exploration Results.

If the geometry of the mineralisation with respect to
the drill hole angle is known, its nature should be
reported.

If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
effect (eg ‘down hole length, true width not known’).
At Maori Queen, all the drill holes have been
drilled orthogonally to the strike and dip of
mineralisation. As such the down hole intercepts
broadly approximate true widths.

At Sirdar, given the initial uncertainty on the
orientation of the mineralisation a number of the
drill hole intercepts are not optimally orientated.
To offset any resulting bias, a relatively high-
density drill pattern in the optimized orientation
has been completed within the mineral resource
model. The density of drilling has enabled
confirmation of contacts, position and the grade
of mineralisation and enabled use of the earlier
generation drill data.

At Ellendale and Plantagenet, the drill holes have
been drilled orthogonally to the strike and dip of
mineralisation. However, the down hole intercepts
are not assumed to approximate true widths. True
widths are 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.
Refer to the Tables and Diagrams provided in the
main body of this report.
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 Maori Queen and Sirdar prospect positions are
historic abandoned gold mine locations which
have had several generations of follow-up
exploration drilling since the early 1980’s. The
early generation drilling in addition to the historic
work completed by Traka enabled calculation of
mineral resources reported by Traka to the ASX
on 22ndJune 2021. This database has been
extensively validated and adopted by Avira
Resources Ltd following the acquisition of mineral
rights from Traka in December 2025.
Other
substantive
exploration
data
Other exploration data, if meaningful and material,
should be reported including (but not limited to):
geological observations; geophysical survey results;
geochemical survey results; bulk samples – size and
method of treatment; metallurgical test results; bulk
density,
groundwater,
geotechnical
and
rock
characteristics; potential deleterious or contaminating
substances.
The Maori Queen and Sirdar positions are the two
most advanced targets in a project area which
has multiple other less advanced targets for
follow-up such as Ellendale and Plantagenent.
These comprise other historic mine positions as
well as newer generation targets highlighted by
modern aeromagnetic, IP (Induced Polarisation)
survey, soil geochemistry surveys and geological
mapping. Traka’s recognition of all targets and
mineralisation being related to a large centrally
located porphyry style intrusive complex is adding
new dimensions to the project. The historic mine
positions occur in late-stage structures that pass
through the intrusive complex but the intrusives
themselves have not previously been recognized
as targets.

Historical information relating to the Mt Cattlin
Gold Project has been released to the ASX and
market by Traka in previous announcements
when in possession of the project.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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Criteria Explanation Comment
 The nature and scale of planned further work (eg tests  Avira Resources Ltd (via Prowse Commodities Pty
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The nature and scale of planned further work (eg tests
Avira Resources Ltd (via Prowse Commodities Pty
Further Work 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.		 Ltd) is advancing all necessary approvals and
permits to commence on-ground exploration at
Mt Cattlin. Upon grant, the Company intends to
pursue a first phase of RC exploration drilling at
Maori Queen and Sirdar, targeted for Q2 2026,
with simultaneous testing of Ellendale and
Plantagenet
extensions.
A
maiden
Mineral
Resource Estimate is targeted for Q4 2026.
Follow-up drilling is currently being planned to
test newly identified intrusive style targets as well
as along strike and down dip/plunge from
existing mineralised positions.

Figure 1 of this release shows the position of
known targets and the primary area of interest
for intrusive related targets.

Additional geophysical surveys including IP and
EM (Electromagnetic) surveys may be undertaken
to assist with optimizing drill positions.

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Avira Resources Limited
Level 1, 50 Kings Park Road, West Perth WA 6005 Australia
T: + 61 8 6385 2282
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