CHALLENGER GOLD LIMITED - Capital/Financing Update 2021

ASX Release 3 June 2021

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New Zone of High-Grade mineralisation extends strike 50% to 3.1 kilometres at Challenger's Hualilan Gold Project

Highlights

New zone of high-grade mineralisation extends strike extent of Hualilan by one kilometre from 2.1 kilometres to 3.1 kilometres - an increase of circa 50%.
Mineralisation encountered 550 metres south of the previous southernmost drill intercepts at Hualilan. Underground rock saw channel sampling results from this new zone include:
13.0m at 15.5 g/t AuEq[2] - 12.0 g/t Au, 80.2 g/t Ag, 5.7 % Zn, including
8.5m at 21.9 g/t AuEq[2] - 17.8 g/t Au, 113.7 g/t Ag, 6.2% Zn (Flor de Hualilan Adit); and
9.2m at 5.1 g/t AuEq[2] - 3.0 g/t Au, 89.6 g/t Ag, 2.2% Zn (Flor de Hualilan Adit); and
3.8m at 14.6 g/t AuEq[2] - 3.8 g/t Au, 155.8 g/t Ag, 20.2% Zn (Flor de Hualilan Adit)
This new zone of mineralisation is mapped extending in outcrop approximately 500 metres further south and 400 metres up-dip from the location of the high-grade channel samples.
The completion of the extended program of sampling all adits south of the Magnata fault builds the case for a significant continuous zone of high-grade mineralisation from Magnata to Sentazon. Results include:
9.0m at 26.7 g/t AuEq[2] - 26.1 g/t Au, 50.8 g/t Ag, 0.1% Zn including;
6.9m at 34.0 g/t AuEq2 - 33.1 g/t Au, 60.9 g/t Ag, 0.1 % Zn (Labor 5 tunnel), and
10.5m at 14.0 g/t AuEq[2] - 11.2 g/t Au, 215.3 g/t Ag, 1.0% Zn including;
6.8m at 21.3 g/t AuEq[2] - 17.0 g/t Au, 328.7 g/t Ag, 1.5 % Zn (Labor 6 tunnel) and;
30.7m at 7.7 g/t AuEq[2] - 0.9 g/t Au, 70.2 g/t Ag, 13.5% Zn (Sentazon Adit) and;
52.0m at 3.4 g/t AuEq[2] - 1.3 g/t Au, 7.9 g/t Ag, 4.5% Zn (Sentazon Adit).
Results confirm that the historical selective channel sampling missed much broader zones of near surface mineralisation surrounding the high-grade mineralisation.

Commenting on the results, CEL Managing Director, Mr Kris Knauer, said

“We are progressively unveiling the scale that we have anticipated at our flagship Hualilan Gold Project. The current set of results are outstanding, extending the size of the mineralised envelope at Hualilan by one kilometre from 2.1 to 3.1 kilometres, with mineralisation remaining open in all directions.

It appears that the high-grade mineralisation extends over this entire 3.1 kilometers of strike, and, when coupled with the completed sampling of all underground workings at Cerro Sur, supports a view of one continuous zone of high-grade mineralisation from Magnata to Sentazon."

Issued Capital Australian Registered Office Directors Contact 808.7m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 86.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] 120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman 16m perf rights

Challenger Exploration Limited ACN 123 591 382 ASX: CEL

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ASX Release 3 June 2021

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Challenger Exploration ( ASX: CEL ) ( CEL the Company ) is pleased to announce results from the ongoing rock saw channel sampling program at the Company's flagship Hualilan Gold project in San Juan province, Argentina.

The sampling was undertaken using a rock saw to cut and recover a continuous channel measuring approximately 40cm x 40cm, with sample weight averaging 4.8 kg per metre. Samples were logged, and submitted for assay with QAQC samples (blanks and standards) using the same procedure as drill core. The channel sample is analogous to a drill core sample, and it is expected that the data can be incorporated into a resource estimation in the same way as drilling results.

In light of the recent results from this program, notably the broader zones of mineralisation which appear to have been missed by the selective historical sampling, the program was extended to include channel sampling of all underground workings and exploration adits throughout the project including those located outside of the footprint of the known mineralisation.

The current results are from underground channel sampling at Cerro Sur and include results from the Flor de Hualilan exploration drive which is located 550 metres south of CEL drill hole GNRC-052 (6m at 1.7 g/t gold, 4.4 g/t silver, 0.3% zinc), the southernmost drill hole at Hualilan to intersect mineralisation. This is the first time a systematic program of sampling has been conducted in many of the underground tunnels and the first time the Flor de Hualilan workings have been sampled.

Sampling of the Flor de Hualilan Adit, which is believed to date from the 1800s, returned a number of high-grade intercepts with six of the eight channels returning high-grade mineralisation including 13.0m at 15.5 g/t AuEq, 9.2m at 5.1 g/t AuEq including 4.6m at 9.5 g/t AuEq, and 3.8m at 14.6 g/t AuEq . The mineralisation is open to the south, north, up-dip and down-dip and several channels ended in mineralisation. FDH-10-02 (down-dip) ended in 10.2 g/t AuEq , FDH-10-06 (up-dip) ended in 42 g/t AuEq, and the most southerly samples in the Flor de Hualilan adit recorded 12.1 g/t AuEq and 23.0 g/t AuEq . These high-grade results and broad zones of mineralisation in the channel sampling in the Flor de Hualilan Adit was not expected by the Company as the gold is not visible.

In addition to these results, which extend the known mineralisation 550 metres south, historical mapping which was previously discounted, indicates sulphide mineralisation outcropping over approximately 500 metres strike south of the Flor de Hualilan Adit. Reconnaissance by the Company has confirmed what appears to be weathered skarn mineralisation at surface well south of the Flor de Hualilan Adit. This extends the potential strike extent of the high grade skarn mineralisation by approximately 50% from 2.1 to 3.1 kilometres.

The balance of the results are from channel sampling of the various adits and drives between Magnata and Sentazon at Cerro Sur. The sampling returned a number of high-grade results including 9.0m at 26.7 g/t AuEq, 10.5m at 14.0 g/t AuEq , and 5.2m at 10.7 g/t AuEq. This supports the likelihood of a continuous zone of high-grade mineralisation over at least 600 metres from Magnata in the north to Sentazon in the south. Additionally, the sampling returned a number of wide zones of mineralisation including 30.7m at 7.7 g/t AuEq and 52.0m at 3.4 g/t AuEq confirming the presence of broad zones of remnant lower grade mineralisation surrounding the higher-grade mineralisation.

Challenger Exploration Limited Issued Capital Australian Registered Office Directors Contact ACN 123 591 382 808.7m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 ASX: CEL 86.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] 120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman 16m perf rights

www.challengerex.com

ASX Release 3 June 2021

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Figure 1 - Plan View showing current Channel Sampling results and mineralised system at Hualilan

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ASX Release 3 June 2021

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DISCUSSION OF RESULTS

Channel Sampling Program

The channel sampling program has been designed to allow the inclusion of the component of the historical high-grade mineralisation which is up-dip of the Company's drilling in a resource estimate that can be reported according to JORC. This includes the majority of the mineralisation within 40 vertical metres of surface and the extensions of mineralisation up into the hills at Cerro Norte and Cerro Sur. In the historical foreign (non JORC compliant) resource estimation, this mineralisation was included based on the results of underground mapping and selective channel sampling. Importantly, this near surface component of the mineralisation generally exhibits high-grades.

Flor De Hualilan Adit

The Flor de Hualilan adit, like the majority of the old workings, is believed to date back to at least the late 1800s. It is located at the southern end of the Hualilan Gold Project approximately 550 metres south of GNRC-052 (6m at 1.7 g/t gold, 4.4 g/t silver, 0.3% zinc), the southernmost drill hole at Hualilan to intersect mineralisation. The Company has now drilled GNDD-251 (assays pending) up-dip of GNRC052 and GNDD-247 and GNDD-256 (both assays pending) a further 50 metres south along strike from GNRC-052.

Prior to this sampling conducted by CEL, the Flor de Hualilan workings had not been sampled. In light of the recent results from this program, notably the broader zones of mineralisation which appear to have been missed by the selective historical sampling, the underground channel sampling program was extended to include all underground workings and exploration adits including those located outside of the footprint of the known mineralisation such as the Flor de Hualilan workings.

Channel	From	To	Total	Gold	Ag	Zn	Cu	Pb	Au Equiv	Comments
Sample
(#)	(m)	(m)	(m)	(g/t)	(g/t)	(%)	(%)	(%)	(g/t)
FHNV10-01A	6.4	8.2	1.8	0.1	2.9	0.4	0.0	0.0	0.3	0.2g/t AuEqcut
FHNV10-01B	0.0	9.2	9.2	3.0	89.6	2.2	0.1	3.5	5.1	0.2 g/t AuEq cut
inc	1.9	6.5	4.6	5.6	175.1	3.8	0.2	6.8	9.5	1.0g/t AuEqcut
FHNV10-02	0.0	13.0	13.0	12.0	80.2	5.6	0.4	4.8	15.5	0.2 g/t AuEq cut
inc	0.0	8.5	8.5	17.8	113.7	6.2	0.5	6.9	21.9	1.0g/t AuEqcut
FHNV10-03	0.0	12.7	12.7	2.1	64.2	3.5	0.3	1.6	4.4	0.2g/t AuEqcut
FHNV10-04	0.0	4.2	4.2	3.1	135.5	7.7	0.6	7.0	8.1	0.2/g/t AuEqcut
FHNV10-05	0.0	1.7	1.7	6.4	359.7	12.7	0.7	9.7	16.4	0.2g/t AuEqcut
FHNV10-06	0.0	3.8	3.8	3.8	155.7	20.2	0.6	4.2	14.6	0.2g/t AuEqcut
FHNV10-07	3.4	4.5	1.0	0.1	1.3	0.5	0.0	0.0	0.3	0.2g/t AuEqcut

Table 1 - Flor de Hualilan channel significant channel sampling results

(See Table 3 for information regarding AuEq's reported under the JORC Code)

As listed in Table 1, the Flor de Hualilan channel sampling program returned a number of high-grade results including 13.0 metres at 15.5 g/t AuEq (12.0 g/t gold, 80.2 g/t silver, 5.7 % zinc, 4.8% lead) including 8.5 metres at 21.9 g/t AuEq (17.8 g/t gold, 113.7 g/t silver, 6.2% zinc, 6.9 % lead) and 3.8 metres at 14.6 g/t AuEq (3.8 g/t gold, 155.8 g/t silver, 20.2% zinc, 4.2% lead) . In addition to high gold

Issued Capital 808.7m shares 86.6m options 120m perf shares 16m perf rights

Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005

Directors

Directors Contact Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman

Challenger Exploration Limited ACN 123 591 382 ASX: CEL

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ASX Release 3 June 2021

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and silver grades, with individual splits including 35.6 g/t gold + 165 g/t silver , 36.5 g/t gold + 90.9 g/t silver and 16.2 g/t gold + 529 g/t silver, the Flor de Hualilan mineralisation contains significant lead and copper which have not been included in the calculation of gold equivalent values. The Company's metallurgical testing, however, has indicated a potential pathway to recover the copper and lead credits.

The results extend the known high-grade skarn mineralisation a further 550 metres south of the southernmost drill intersection. Additionally, historical mapping, which was previously discounted by the Company, indicates sulphide mineralisation in outcrop over an additional 500 metres of strike south of the Flor de Hualilan Adit. Reconnaissance field mapping by the Company has now confirmed what appears to be weathered skarn mineralisation at surface well south of the Flor de Hualilan Adit. This has the potential to extend the strike extent of the high-grade skarn mineralisation by approximately 50% from 2.1 kilometers to 3.1 kilometers.

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Figure 2 - Location map of Cerro Sur channel sampling with Magnetic (aTE) data to the east

Challenger Exploration Limited Issued Capital ACN 123 591 382 808.7m shares ASX: CEL 86.6m options 120m perf shares 16m perf rights

Australian Registered Office Directors Contact Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected] West Perth WA 6005 Mr Fletcher Quinn , Chairman

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ASX Release 3 June 2021

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The Company also notes the same historical surface mapping indicates, not only mineralisation in outcrop over 400 metres along strike south of Flor de Hualilan, but also 400 metres up dip. This opens significant potential for additional high-grade mineralisation to the south. In this additional one kilometre of strike south of recent CEL drillholes GNDD-247 and GNDD256 (both assays pending), now confirmed as potentially containing high-grade skarn mineralisation, there are only three historical drill holes all of which are believed to have been not optimally targeted. Several new holes are programmed to test this previously unrecognised zone of mineralisation in the south.

Magnata to Sentazon

All of the adits and old workings covering the 600 metres of strike between the Magnata Fault and Sentazon were sampled. This included five adits in addition to the Magnata and Muchilera Adits for which results have been previously announced. The significant new results are listed in Table 2 with the locations of the Adits channel sampled shown in Figure 2.

Channel	From	To	Total	Gold	Ag	Zn	Cu	Pb	Au Equiv	Comments
Sample
(#)	(m)	(m)	(m)	(g/t)	(g/t)	(%)	(%)	(%)	(g/t)
MGNV10-09	0.0	6.5	6.5	5.5	44.3	6.4	0.1	0.1	8.9	0.2g/t AuEqcut
MGNV10-10	0.0	1.0	1.0	1.1	3.3	0.9	0.0	0.1	1.6	0.2 g/t AuEq cut
L5NV10-01	8.6	18.0	9.4	0.3	5.5	0.1	0.0	0.0	0.4	0.2 g/t AuEq cut
L5NV10-02	0.0	6.3	6.3	1.7	32.8	0.5	0.0	0.1	2.3	0.2 g/t AuEq cut
inc	2.0	6.3	4.3	2.4	42.7	0.3	0.0	0.1	3.1	1.0g/t AuEqcut
L5NV10-03	0.0	1.4	1.4	1.2	11.3	0.1	0.0	0.5	1.3	0.2 g/t AuEq cut
L5NV10-04	0.0	9.0	9.0	26.0	50.8	0.1	0.0	1.1	26.7	0.2 g/t AuEq cut
inc	2.2	9.0	6.8	33.1	60.9	0.1	0.0	1.2	34.0	1.0g/t AuEqcut
L5NV10-05	0.0	2.7	2.7	20.1	267.8	0.1	0.0	1.0	23.5	0.2 g/t AuEq cut
L6NV10-01	0.0	5.2	5.2	10.4	19.1	0.2	0.0	0.5	10.7	0.2 g/t AuEq cut
inc	2.0	3.8	1.8	27.3	39.3	0.2	0.0	0.8	27.9	1.0g/t AuEqcut
L6NV10-02	0.0	3.8	3.8	0.7	4.5	0.4	0.0	0.1	0.9	0.2 g/t AuEq cut
and	14.4	24.9	10.5	11.2	215.3	0.3	0.0	1.0	14.0	0.2 g/t AuEq cut
inc	18.1	24.9	6.8	17.0	328.7	0.2	0.0	1.5	21.3	1.0g/t AuEqcut
CIINV10-01A	1.8	8.8	7.0	0.9	17.9	0.3	0.0	0.2	1.2	0.2 g/t AuEq cut
CIINV10-01B	0.0	7.0	7.0	1.4	79.3	0.2	0.0	0.3	2.6	0.2 g/t AuEq cut
CIINV10-03	0.0	26.9	26.9	0.8	43.2	0.2	0.0	0.2	1.4	0.2 g/t AuEq cut
inc	8.2	21.8	13.5	1.1	76.6	0.3	0.0	0.3	2.2	1.0g/t AuEqcut
CIIINV10-01	0.0	81.0							nsi

Table 2 - Significant underground channel sample results Magnata-Sentazon

(See Table 3 for information regarding AuEq reported under the JORC Code)

All the Adits, with the exception of Cal III, which is located north of the Magnata fault returned, significant high-grade mineralisation. Highlights include 9.0 metres at 26.7 g/t AuEq (26.1 g/t gold, 50.8 g/t silver, 0.1% zinc) including 6.9 metres at 34.0 g/t AuEq (33.1 g/t gold, 60.9 g/t silver, 0.1 % zinc ) in Labor 5. Results of 10.5 metres at 14.0 g/t AuEq (11.2 g/t gold, 215.3 g/t silver, 1.0% zinc ) including 6.8 metres at 21.3 g/t AuEq (17.0 g/t gold, 328.7 g/t silver, 1.5 % zinc ) in Labor 6, and 6.5 metres at 8.9 g/t AuEq (5.5 g/t gold, 44.3 g/t silver, 6.4 % zinc ) from additional sampling at Magnata.

Challenger Exploration Limited ACN 123 591 382 ASX: CEL

Issued Capital 808.7m shares 86.6m options 120m perf shares 16m perf rights

Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005

Directors

Contact

Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman

www.challengerex.com

ASX Release 3 June 2021

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These significant and extensive high-grade results, coupled with the previously reported high-grade underground channel sample results from the Magnata and Muchilera Adits, which included results such as 12.0 metres at 16.5 g/t AuEq including 3.7m at 38.9 g/t AuEq and 22.5 metres at 12.9 g/t AuEq, support the likelihood of a continuous zone of high-grade mineralisation extending over at least 600 metres from Magnata in the north to Sentazon in the south.

Of note was the underground channel sampling in the Cal II adit that returned results including 8.2m at 2.2 g/t AuEq (1.1 g/t gold, 76.6 g/t silver, 0.3% zinc) within a broader zone of 26.9 metres at 1.4 g/t AuEq (0.8 g/t gold, 43.2 g/t silver, 0.2% zinc) . Cal II is located midway between Magnata and Muchilera in an area of limited drilling by the Company. Only two drillholes (both assays pending) are located in the 250 metres of strike between GNDD-017 (1.7 metres at 1.5 g/t AuEq) and GNDD-085 (1.3 metres at 6.5 g/t AuEq and 2.2 metres at 2.4 g/t AuEq). Given the sampling in the Cal II adit has shown that mineralisation exists in the centre of this 250 metre zone of limited drilling, CEL will follow up these results with new drilling. Additionally, channel CIIINV10-01B at Cal III started in mineralisation grading 2.2 g/t AuEq and channel CIIINV-10-02 at Cal III started and ended in mineralisation grading 1.3 g/t AuEq and 1.84 g/t AuEq.

Sentazon

The location of the Sentazon channel sampling in relation to the drilling at Sentazon is shown in Figure 3. The results which include 12.0 metres at 9.3 g/t AuEq (8.3 g/t gold, 28.9 g/t silver, 1.4% zinc), 25.7 metres at 5.5 g/t AuEq (2.0 g/t gold, 8.1 g/t silver, 7.7% zinc), including 6.2 metres at 8.5 g/t AuEq (7.0 g/t gold, 17.0 g/t silver, 3.0% zinc) and 30.7 metres at 7.7 g/t AuEq (0.9 g/t gold, 70.2 g/t silver, 13.5% zinc) are shown in Table 3.

The channel sampling has confirmed the extension of the Sentazon Manto 100 metres up-dip from the Company’s drilling (Figure 3), and demonstrated excellent continuity of the skarn mineralisation over the entire 50 metre strike extent covered by the Sentazon Adit (Figure 4).

Additionally, channel sampling confirmed the presence of broad zones of remnant lower grade mineralisation including 52.0 metres at 3.4 g/t AuEq (1.3 g/t gold, 7.9 g/t silver, 4.5% zinc) including 25.7 metres at 5.5 g/t AuEq (2.0 g/t gold, 8.1 g/t silver, 7.7% zinc) and 30.4 metres at 2.2 g/t AuEq (1.2 g/t gold, 8.8 g/t silver, 1.9% zinc) . These broad zones of halo mineralisation surround the highergrade mineralisation and were missed by the selective historical sampling; however, they may be important in the context of potential open pit mining given the near surface location.

The Company has now completed a series of infill holes at Sentazon (Figure 3). Assay results for GNDD209, GNDD-214 and GNDD-239 are pending however all three holes have intersected zones of strong skarn alteration containing massive to semi massive sulphides in the prognosed position of the main Sentazon Manto.

Channel sampling in the Bicolor Adit, located between Sentazon and Flor de Hualilan, also returned mineralisation. Given the small size of the workings only limited sampling was possible, however the result of 1.9 metres at 0.5 g/t AuEq confirmed the presence of skarn mineralisation between Sentazon and Flor de Hualilan.

Challenger Exploration Limited ACN 123 591 382 ASX: CEL

Australian Registered Office Level 1 1205 Hay Street

16m perf rights

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ASX Release 3 June 2021

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Figure 3 - Cross section showing the location of Sentazon Channel Sampling and drilling

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Figure 4 - Plan view showing Sentazon channel sampling

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Challenger Exploration Limited Issued Capital Australian Registered Office Directors Contact
ACN 123 591 382 808.7m shares Level 1 Mr Kris Knauer, MD and CEO T: +61 8 6380 9235
ASX: CEL 86.6m options 1205 Hay Street Mr Scott Funston, Finance Director E: [email protected]
120m perf shares West Perth WA 6005 Mr Fletcher Quinn , Chairman
16m perf rights
----- End of picture text -----

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ASX Release 3 June 2021

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Channel	From	To	Total	Gold	Ag	Zn	Cu	Pb	Au Equiv	Comments
Sample
(#)	(m)	(m)	(m)	(g/t)	(g/t)	(%)	(%)	(%)	(g/t)
SZNV10-01	2.0	32.4	30.4	1.2	8.8	1.9	0.1	0.0	1.9	0.2 g/t AuEq cut
inc	23.6	32.4	8.7	3.9	28.8	6.3	0.2	0.0	6.3	1.0g/t AuEqcut
SZNV10-02	0.0	52.0	52.0	1.3	7.9	4.5	0.4	0.1	4.5	0.2 g/t AuEq cut
inc	0.0	6.3	6.3	2.6	27.5	1.9	0.3	0.1	1.9	1.0 g/t AuEq cut
inc	11.3	37.0	25.7	2.0	8.1	7.7	0.5	0.1	7.7	1.0 g/t AuEq cut
inc	18.7	24.9	6.2	7.0	17.0	3.0	0.1	0.1	3.0	10/g/t AuEq cut
inc	41.5	43.3	1.8	0.0	0.3	3.2	0.1	0.0	3.2	1.0 g/t AuEq cut
SZNV10-03	0.0	4.4	4.4	8.2	63.2	0.8	0.1	0.1	0.8	1.0 g/t AuEq cut
SZNV10-04	0.0	3.5	3.5	9.1	27.4	3.7	0.2	0.1	3.7	1.0 g/t AuEq cut
SZNV11-01	0.0	14.9	14.9	0.3	2.3	4.0	0.2	0.0	4.0	0.2 g/t AuEq cut
inc	0.0	11.2	11.2	0.4	2.3	5.0	0.2	0.0	5.0	1.0 g/t AuEq cut
SZNV11-02	0.0	3.4	3.4	4.0	27.5	2.5	0.4	0.0	2.5	1.0 g/t AuEq cut
SZNV11-03	0.0	9.3	9.3	2.1	34.1	2.4	0.5	0.1	2.4	0.2 g/t AuEq cut
inc	1.0	9.3	8.3	2.3	37.6	2.5	0.6	0.1	2.6	1.0g/t AuEqcut
SZNV11-04	0.0	6.1	6.1	0.1	2.0	7.6	0.3	0.0	7.6	0.2 g/t AuEq cut
inc	0.0	4.3	4.3	0.1	1.4	10.3	0.2	0.0	10.3	1.0g/t AuEqcut
SZNV11-05	0.0	3.3	3.3	0.5	20.1	4.0	0.7	0.1	4.1	0.2 g/t AuEq cut
inc	2.0	3.3	1.3	1.2	44.9	8.6	0.9	0.2	8.7	1.0g/t AuEqcut
SZNV11-06	0.0	17.2	17.2	0.1	5.0	11.4	0.7	0.1	11.5	0.2g/t AuEqcut
SZNV11-07	0.0	3.8	3.8	0.0	1.2	8.9	0.5	0.1	8.9	0.2 g/t AuEq cut
SZNV11-08	0.0	7.1	7.1	3.8	18.7	9.6	0.6	1.2	10.1	0.2 g/t AuEq cut
SZNV11-09	0.0	30.7	30.7	0.9	70.2	13.5	0.7	0.7	13.8	0.2g/t AuEqcut
SZNV11-10	0.0	3.1	3.1	0.4	55.8	14.8	0.5	0.2	14.9	0.2g/t AuEqcut
SZNV11-11	0.0	4.6	4.6	0.3	9.1	12.6	1.0	0.2	12.7	0.2 g/t AuEq cut
inc	0.0	3.6	3.6	0.3	11.2	15.9	1.3	0.2	16.0	1.0g/t AuEqcut
SZNV11-12	0.0	12.0	12.0	8.3	28.9	1.4	0.1	0.1	1.5	0.2g/t AuEqcut

BCNV10-02	2.8	4.7	1.9	0.3	2.2	0.4	0.0	0.0	0.5	0.2g/t AuEqcut

Table 3 - Significant Sentazon channel sampling results

See below for information regarding AuEq reported under the JORC Code.

2 Gold Equivalent (AuEq) values - Requirements under the JORC Code

Assumed commodity prices for the calculation of AuEq is Au US$1780 Oz, Ag US$24 Oz, Zn US$2,800 /t
Metallurgical recoveries for Au, Ag and Zn are estimated to be 89%, 84% and 79% respectively (see JORC Table 1 Section 3 Metallurgical assumptions ) based on metallurgical test work.
The formula used: AuEq (g/t) = Au (g/t) + [Ag (g/t) x (24/1780) x (0.84/0.89)] + [Zn (%) x (28.00*31.1/1780) x (0.79/0.89)]
CEL confirms that it is the Company’s opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold.

Ends

This ASX announcement was approved and authorised by the Board.

Challenger Exploration Limited ACN 123 591 382 ASX: CEL

Issued Capital

808.7m shares 86.6m options 120m perf shares 16m perf rights

Australian Registered Office Level 1 1205 Hay Street

West Perth WA 6005

Directors

Contact

Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman

www.challengerex.com

ASX Release 3 June 2021

==> picture [130 x 66] intentionally omitted <==

For further information contact:

Kris Knauer Scott Funston Media Enquiries Managing Director Chief Financial Officer Jane Morgan +61 411 885 979 +61 413 867 600 + 61 405 555 618 [email protected] [email protected] [email protected]

Previous announcements referred to in this release include:

20 APR 2021 - EXCEPTIONAL RESULTS FROM SAMPLING DESIGNED TO ALLOW CEL TO INCLUDE NEAR SURFACE MINERALISATION IN A RESOURCE ESTIMATE

About Challenger Exploration

Challenger Exploration Limited's (ASX: CEL) aspiration is to become a globally significant gold producer. The Company is developing two complementary gold/copper projects in South America. The strategy for the Hualilan Gold project is for it to provide a high-grade low capex operation in the near term. This underpins CEL with a low risk, high margin source of cashflow while it prepares for a much larger bulk gold operation in Ecuador.

Hualilan Gold Project , located in San Juan Province Argentina, is a near term development opportunity. It has extensive historical drilling with over 150 drill-holes and a non-JORC historical resource[(1)] of 627,000 Oz @ 13.7 g/t gold which remains open in most directions. The project was locked up in a dispute for the past 15 years and as a consequence had seen no modern exploration until CEL acquired the project in 2019. Results from CEL's first drilling program included 6.1m @ 34.6 g/t Au, 21.9 g/t Ag, 2.9% Zn, 6.7m @ 14.3 g/t Au, 140 g/t Ag, 7.3% Zn and 10.3m @ 10.4 g/t Au, 28 g/t Ag, 4.6% Zn. This drilling intersected high-grade gold over almost 2 kilometres of strike and extended the known mineralisation along strike and at depth in multiple locations. Recent drilling has demonstrated this high-grade skarn mineralisation is underlain by a significant intrusion-hosted gold system with intercepts including 116m at 1.0 g/t Au, 4.0 g/t Ag, 0.2% Zn and 39.0m at 5.5 g/t Au, 2.0 g/t Ag, 0.3% Zn in porphyry dacites. CEL's current fully funded program includes 120,000 metres of drilling, metallurgical test work of key ore types, and an initial JORC Compliant Resource and PFS.

2. El Guayabo Gold/Copper Project covers 35 sqkms in southern Ecuador and was last drilled by Newmont Mining in 1995 and 1997 targeting gold in hydrothermal breccias. Historical drilling has demonstrated potential to host significant gold and associated copper and silver mineralisation. Historical drilling has returned a number of intersections including 156m @ 2.6 g/t Au, 9.7 g/t Ag, 0.2% Cu and 112m @ 0.6 % Cu, 0.7 g/t Au, 14.7 g/t which have never been followed up. The Project has multiple targets including breccia hosted mineralisation, an extensive flat lying late stage vein system and an underlying porphyry system target neither of which has been drill tested. CEL's first results confirm the discovery of large-scale gold system with over 250 metres of bulk gold mineralisation encountered in drill hole ZK-02 which contains a significant high-grade core of 134m at 1.0 g/t gold and 4.1 g/t silver including 63m at 1.6 g/t gold and 5.1 g/t silver.

Challenger Exploration Limited ACN 123 591 382 ASX: CEL

Issued Capital 808.7m shares 86.6m options 120m perf shares 16m perf rights

Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005

Directors

Contact

Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman

www.challengerex.com

ASX Release 3 June 2021

==> picture [130 x 66] intentionally omitted <==

Foreign Resource Estimate Hualilan Project

La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^	La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^	La Mancha Resources 2003 foreign resource estimate for the Hualilan Project ^
Category	Tonnes (kt)	Gold Grade (g/t)	Contained Gold (koz)
Measured	218	14.2	100
Indicated	226	14.6	106
Total of Measured & Indicated	445	14.4	206
Inferred	977	13.4	421
Measured, Indicated & Inferred	1,421	13.7	627

^ Source: La Mancha Resources Toronto Stock Exchange Release dated 14 May 2003 -Independent Report on Gold Resource Estimate. Rounding errors may be present. Troy ounces (oz) tabled here

#1 For details of the foreign non-JORC compliant resource and to ensure compliance with LR 5.12 please refer to the Company's ASX Release dated 25 February 2019. These estimates are foreign estimates and not reported in accordance with the JORC Code. A competent person has not done sufficient work to clarify the foreign estimates as a mineral resource in accordance with the JORC Code. It is uncertain that following evaluation and/or further exploration work that the foreign estimate will be able to be reported as a mineral resource. The company is not in possession of any new information or data relating to the foreign estimates that materially impact on the reliability of the estimates that materially impacts on the reliability of the estimates or CEL's ability to verify the foreign estimates estimate as minimal resources in accordance with Appendix 5A (JORC Code). The company confirms that the supporting information provided in the initial market announcement on February 25, 2019 continues to apply and is not materially changed.

Competent Person Statement – Exploration results

The information that relates to sampling techniques and data, exploration results and geological interpretation has been compiled Dr Stuart Munroe , BSc (Hons), PhD (Structural Geology), GDip (AppFin&Inv) who is a fulltime employee of the Company. Dr Munroe is a Member of the AusIMM. Dr Munroe has over 20 years’ experience in the mining and metals industry and qualifies as a Competent Person as defined in the JORC Code (2012).

Dr Munroe has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results. Dr Munroe consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Competent Person Statement – Foreign Resource Estimate

The information in this release provided under ASX Listing Rules 5.12.2 to 5.12.7 is an accurate representation of the available data and studies for the material mining project. The information that relates to Mineral Resources has been compiled by Dr Stuart Munroe , BSc (Hons), PhD (Structural Geology), GDip (AppFin&Inv) who is a full-time employee of the Company. Dr Munroe is a Member of the AusIMM. Dr Munroe has over 20 years’ experience in the mining and metals industry and qualifies as a Competent Person as defined in the JORC Code (2012).

Dr Munroe and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration to qualify as Competent Person as defined in the 2012 Edition of the JORC Code for Reporting of, Mineral Resources and Ore Reserves. Dr Munroe consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Challenger Exploration Limited ACN 123 591 382 ASX: CEL

Issued Capital 808.7m shares 86.6m options 120m perf shares

Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005

Directors

Contact

Mr Kris Knauer, MD and CEO T: +61 8 6380 9235 Mr Scott Funston, Finance Director E: [email protected] Mr Fletcher Quinn , Chairman

16m perf rights

www.challengerex.com

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data -Hualilan Project

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary
*Sampling techniques*	-	Nature and quality of sampling (eg cut channels, random	For historic exploration data, there is little information provided by previous explorers to detail sampling
		chips, or specific specialised industry standard	techniques. Drill core was cut with a diamond saw longitudinally and one half submitted for assay. Assay
		measurement tools appropriate to the minerals under	was generally done for Au. In some drill campaigns, Ag and Zn were also analysed. There is limited
		investigation, such as down hole gamma sondes, or	multielement data available. No information is available for RC drill techniques and sampling.
		handheld XRF instruments, etc). These examples should	For CEL drilling, diamond core (HQ3) was cut longitudinally on site using a diamond saw. Samples lengths
		not be taken as limiting the broad meaning of sampling.	are from 0.5m to 2.0m in length (average 1m), taken according to lithology, alteration, and mineralization
	-	Include reference to measures taken to ensure sample	contacts.
	-	representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are	For CEL reverse circulation (RC) drilling, 2-4 kg sub-samples from each 1m drilled are collected from a face sample recovery cyclone mounted on the drill machine.
		Material to the Public Report.	CEL channel samples are cut into underground or surface outcrop using a hand-held diamond edged
	-	In cases where ‘industry standard’ work has been done	cutting tool. Parallel saw cuts 3-5cm apart are cut 2-4cm deep into the rock which allows for the
		this would be relatively simple (eg ‘reverse circulation	extraction of a representative sample using and hammer and chisel. The sample is collected onto a
		drilling was used to obtain 1 m samples from which 3 kg	plastic mat and collected into a sample bag.
		was pulverised to produce a 30 g charge for fire assay’). In	Core and channel samples were crushed to approximately 85% passing 2mm. A 500g or a 1 kg sub-
		other cases, more explanation may be required, such as	sample was taken and pulverized to 85% passing 75µm. A 50g charge was analysed for Au by fire assay
		where there is coarse gold that has inherent sampling	with AA determination. Where the fire assay grade is > 10 g/t gold, a 50g charge was analysed for Au by
		problems. Unusual commodities or mineralisation types	Fire assay with gravimetric determination.
		(eg submarine nodules) may warrant disclosure of
		detailed information.	A 10g charge was analysed for 48 elements by 4-acid digest and ICP-MS determination. Elements
			determined were Ag, As, Ba, Be, Bi, Ca, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb,
			Ni, P, Pb, Rb, Re, S, Sb Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn and Zr.
			Ag > 100 g/t, Zn, Pb and Cu > 10,000 ppm and S > 10% were re-analysed by the same method using a
			different calibration.
			Sample intervals were selected according to geological boundaries. There was no coarse gold observed
			in any of the core or channel samples.
*Drilling techniques*	-	Drill type (eg core, reverse circulation, open-hole hammer,	Collar details for diamond core drilling (DD) and reverse circulation (RC) historic drilling campaigns is
		rotary air blast, auger, Bangka, sonic, etc) and details (eg	provided below from archival data cross checked with drill logs and available plans and sections where
		core diameter, triple or standard tube, depth of diamond	available. Collars shown below are in WGS84, zone 19s which is the standard projection used by CEL for
		tails, face-sampling bit or other type, whether core is	the Project. Collar locations have been check surveyed using differential GPS (DGPS) by CEL to verify if
		oriented and if so, by what method, etc).	the site coincides with a marked collar or tagged drill site. In most cases the drill collars coincide with

Challenger Exploration Limited Issued Capital Australian Registered Office ACN 123 591 382 808.7m shares Level 1 ASX: CEL 86.6m options 1205 Hay Street 120m perf shares West Perth WA 6005 16m perf rights

Directors

Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director Mr Fletcher Quinn , Chairman

Contact

T: +61 8 6380 9235 E: [email protected]

www.challengerex.com

Criteria JORC Code explanation	Commentary
	historic drill site, some of which (but not all) are tagged. The collar check surveys were reported in POSGAR (2007) projection and converted to WGS84. Hole_id Type East (m) North (m) Elevation (m ASL) Azimuth (°) Dip (°) Depth (m) Date AG01 DD 2504908.0 6602132.3 1807.6 000 -90 84.5 Jan-84 AG02 DD 2504846.5 6602041.1 1803.4 112 -70 60.0 Jan-84 AG03 DD 2504794.5 6601925.6 1803.1 080 -55 110.0 Jan-84 AG04 DD 2504797.1 6602065.5 1806.6 000 -90 168.0 Jan-84 AG05 DD 2504843.5 6601820.3 1798.1 000 -90 121.8 Jan-84 AG06 DD 2504781.9 6601922.8 1803.8 000 -90 182.2 Jan-84 AG07 DD 2504826.3 6601731.0 1796.9 000 -90 111.5 Jan-84 AG08 DD 2504469.8 6600673.7 1779.7 090 -57 80.2 Jan-84 AG09 DD 2504455.7 6600458.5 1772.6 000 -90 139.7 Jan-84 AG10 DD 2504415.5 6600263.9 1767.7 000 -90 200.8 Jan-84 AG11 DD 2504464.8 6600566.5 1775.9 000 -90 141.0 Jan-84 AG12 DD 2504847.6 6602161.7 1808.8 000 -90 171.4 Jan-84 AG13 DD 2504773.6 6601731.3 1798.7 000 -90 159.5 Jan-84 AG14 DD 2504774.7 6601818.8 1801.2 000 -90 150.2 Jan-84 AG15 DD 2504770.7 6601631.4 1796.7 000 -90 91.3 Jan-84 AG16 DD 2504429.5 6600665.8 1779.8 000 -90 68.8 Jan-84 Hole_id Type East (m) North (m) Elevation (m ASL) Azimuth (°) Dip (°) Depth (m) Date MG01 RC 2504825.5 6602755.4 1800.0 100 -60 51.0 Jan-95 MG01A RC 2504810.5 6602755.4 1800.0 100 -60 116.0 Jan-95 MG02 RC 2504835.5 6602805.4 1800.0 100 -60 90.0 Jan-95 MG03 RC 2504853.5 6602880.4 1795.0 100 -60 102.0 Jan-95 MG04 RC 2504843.5 6602975.4 1800.0 100 -60 120.0 Jan-95 MG05 RC 2506130.5 6605055.4 1750.0 85 -60 96.0 Jan-95 MG06 RC 2506005.5 6605115.4 1750.0 100 -60 90.0 Jan-95 MG07 RC 2506100.5 6605015.4 1750.0 100 -60 96.0 Jan-95 MG08 RC 2505300.5 6603070.4 1740.0 95 -70 66.0 Jan-95 MG09 RC 2505285.5 6603015.4 1740.0 0 -90 102.0 Jan-95 MG10 RC 2505025.5 6600225.4 1724.0 100 -60 120.0 Jan-95 MG11 RC 2503380.5 6598560.5 1740.0 100 -60 78.0 Jan-95 MG12 RC 2503270.5 6597820.5 1740.0 100 -60 66.0 Jan-95

Criteria
JORC Code explanation

Commentary

historic drill site, some of which (but not all) are tagged. The collar check surveys were reported in
POSGAR (2007) projection and converted to WGS84.
Hole_id
Type
East
(m)
North
(m)
Elevation
(m ASL)
Azimuth
(°)
Dip
(°)
Depth
(m)
Date
AG01
DD
2504908.0
6602132.3
1807.6
000
-90
84.5
Jan-84
AG02
DD
2504846.5
6602041.1
1803.4
112
-70
60.0
Jan-84
AG03
DD
2504794.5
6601925.6
1803.1
080
-55
110.0
Jan-84
AG04
DD
2504797.1
6602065.5
1806.6
000
-90
168.0
Jan-84
AG05
DD
2504843.5
6601820.3
1798.1
000
-90
121.8
Jan-84
AG06
DD
2504781.9
6601922.8
1803.8
000
-90
182.2
Jan-84
AG07
DD
2504826.3
6601731.0
1796.9
000
-90
111.5
Jan-84
AG08
DD
2504469.8
6600673.7
1779.7
090
-57
80.2
Jan-84
AG09
DD
2504455.7
6600458.5
1772.6
000
-90
139.7
Jan-84
AG10
DD
2504415.5
6600263.9
1767.7
000
-90
200.8
Jan-84
AG11
DD
2504464.8
6600566.5
1775.9
000
-90
141.0
Jan-84
AG12
DD
2504847.6
6602161.7
1808.8
000
-90
171.4
Jan-84
AG13
DD
2504773.6
6601731.3
1798.7
000
-90
159.5
Jan-84
AG14
DD
2504774.7
6601818.8
1801.2
000
-90
150.2
Jan-84
AG15
DD
2504770.7
6601631.4
1796.7
000
-90
91.3
Jan-84
AG16
DD
2504429.5
6600665.8
1779.8
000
-90
68.8
Jan-84
Hole_id
Type
East
(m)
North
(m)
Elevation
(m ASL)
Azimuth
(°)
Dip
(°)
Depth
(m)
Date
MG01
RC
2504825.5
6602755.4
1800.0
100
-60
51.0
Jan-95
MG01A
RC
2504810.5
6602755.4
1800.0
100
-60
116.0
Jan-95
MG02
RC
2504835.5
6602805.4
1800.0
100
-60
90.0
Jan-95
MG03
RC
2504853.5
6602880.4
1795.0
100
-60
102.0
Jan-95
MG04
RC
2504843.5
6602975.4
1800.0
100
-60
120.0
Jan-95
MG05
RC
2506130.5
6605055.4
1750.0
85
-60
96.0
Jan-95
MG06
RC
2506005.5
6605115.4
1750.0
100
-60
90.0
Jan-95
MG07
RC
2506100.5
6605015.4
1750.0
100
-60
96.0
Jan-95
MG08
RC
2505300.5
6603070.4
1740.0
95
-70
66.0
Jan-95
MG09
RC
2505285.5
6603015.4
1740.0
0
-90
102.0
Jan-95
MG10
RC
2505025.5
6600225.4
1724.0
100
-60
120.0
Jan-95
MG11
RC
2503380.5
6598560.5
1740.0
100
-60
78.0
Jan-95
MG12
RC
2503270.5
6597820.5
1740.0
100
-60
66.0
Jan-95

Challenger Exploration Limited ACN 123 591 382 ASX: CEL

Issued Capital

808.7m shares 86.6m options 120m perf shares

Australian Registered Office Level 1 1205 Hay Street West Perth WA 6005

Directors

Mr Kris Knauer, MD and CEO Mr Scott Funston, Finance Director

Mr Fletcher Quinn , Chairman

Contact

T: +61 8 6380 9235

Hole_id	Type	East (m)	North (m)	Elevation (m ASL)	Azimuth (°)	Dip (°)	Depth (m)	Date
Hua01	RC	2504845.3	6602041.2	1809.7	117	-50	60.0	1999
Hua02	RC	2504889.5	6602081.1	1809.7	125	-55	45.0	1999
Hua03	RC	2505003.3	6602158.6	1810.7	000	-90	100.0	1999
Hua04	RC	2504873.3	6602169.1	1809.7	000	-90	100.0	1999
Hua05	RC	2505003.2	6602152.6	1810.7	180	-60	100.0	1999
Hua06	RC	2505003.3	6602161.6	1810.7	360	-60	100.0	1999
Hua07	RC	2504967.7	6602153.2	1810.2	000	-90	100.0	1999
Hua08	RC	2504973.2	6602153.7	1810.2	000	-90	13.0	1999
Hua09	RC	2504940.7	6602150.3	1809.7	180	-60	100.0	1999
Hua10	RC	2504941.8	6602156.8	1809.7	360	-60	100.0	1999
Hua11	RC	2504913.3	6602167.4	1809.7	360	-60	88.0	1999
Hua12	RC	2504912.8	6602165.9	1809.7	000	-90	100.0	1999
Hua13	RC	2504912.3	6602156.9	1809.7	180	-60	90.0	1999
Hua14	RC	2504854.3	6602168.2	1809.7	360	-60	100.0	1999
Hua15	RC	2504854.8	6602166.2	1809.7	117	-60	100.0	1999
Hua16	RC	2504834.2	6601877.8	1800.7	000	-90	100.0	1999
Hua17	RC	2504865.9	6602449.8	1814.1	90	-50	42.0	1999
Hua20	RC	2504004.1	6600846.4	1792.7	000	-90	106.0	1999
Hua21	RC	2504552.9	6600795.0	1793.9	000	-90	54.0	1999
Hole_id	Type	East (m)	North (m)	Elevation (m ASL)	Azimuth (°)	Dip (°)	Depth (m)	Date
DDH20	DD	2504977.3	6602133.3	1804.8	116	-54	49.1	1999-00
DDH21	DD	2504978.3	6602118.3	1804.8	000	-90	88.6	1999-00
DDH22	DD	2504762.9	6601587.1	1769.8	116	-65	66.0	1999-00
DDH23	DD	2504920.4	6601994.3	1767.9	000	-90	58.8	1999-00
DDH24	DD	2504821.0	6601938.8	1802.0	116	-80	100.3	1999-00
DDH25	DD	2504862.6	6601964.5	1803.7	116	-74	49.2	1999-00
DDH26	DD	2504920.4	6601975.3	1795.0	312	-60	80.3	1999-00
DDH27	DD	2504752.7	6601565.1	1806.6	116	-60	43.2	1999-00
DDH28	DD	2505003.6	6602174.3	1806.6	116	-50	41.7	1999-00
DDH29	DD	2504964.1	6602136.6	1810.0	350	-52	113.5	1999-00
DDH30	DD	2505004.1	6602156.3	1809.3	059	-85	62.1	1999-00
DDH31	DD	2504897.6	6602112.7	1808.1	116	-75	41.4	1999-00

Commentary	Commentary
DDH32	DD	2504939.4	6602139.2	1809.1	350	-51	100.7	1999-00
DDH33	DD	2504939.4	6602139.2	1809.1	350	-65	62.9	1999-00
DDH34	DD	2504826.5	6601920.2	1801.3	116	-70	69.4	1999-00
DDH35	DD	2505003.9	6602156.7	1808.8	310	-85	174.6	1999-00
DDH36	DD	2504637.5	6600777.3	1799.9	330	-50	45.5	1999-00
DDH37	DD	2504826.5	6601920.2	1809.4	000	-90	121.0	1999-00
DDH38	DD	2504820.8	6601912.2	1801.1	116	-75	67.7	1999-00
DDH39	DD	2504820.8	6601912.2	1801.1	116	-81	90.7	1999-00
DDH40	DD	2504832.3	6601928.1	1801.7	116	-70	85.7	1999-00
DDH41	DD	2504837.8	6601937.5	1801.6	116	-70	64.2	1999-00
DDH42	DD	2504829.2	6601952.5	1801.8	116	-60	65.1	1999-00
DDH43	DD	2504829.2	6601952.5	1801.8	116	-70	70.8	1999-00
DDH44	DD	2504811.3	6601895.1	1802.0	116	-60	102.2	1999-00
DDH45	DD	2504811.3	6601895.1	1802.0	116	-83	95.3	1999-00
DDH46	DD	2504884.4	6601976.3	1805.9	116	-45	71.6	1999-00
DDH47	DD	2504884.4	6601976.3	1805.9	116	-65	71.0	1999-00
DDH48	DD	2504866.9	6601962.7	1803.1	116	-47	30.7	1999-00
DDH49	DD	2504866.9	6601962.7	1803.1	116	-72	41.9	1999-00
DDH50	DD	2504821.4	6601913.9	1801.1	116	-77	87.5	1999-00
DDH51	DD	2504821.4	6601913.9	1801.1	116	-80	87.5	1999-00
DDH52	DD	2504825.5	6601901.1	1800.9	116	-83	74.0	1999-00
DDH53	DD	2504504.1	6600714.0	1788.7	090	-62	85.7	1999-00
DDH54	DD	2504504.1	6600714.0	1788.7	090	-45	69.1	1999-00
DDH55	DD	2504997.9	6602163.5	1808.6	360	-53	63.1	1999-00
DDH56	DD	2504943.1	6602171.3	1810.5	360	-75	50.6	1999-00
DDH57	DD	2504943.1	6602171.3	1810.5	000	-90	66.2	1999-00
DDH58	DD	2504970.3	6602153.3	1809.1	360	-71	62.0	1999-00
DDH59	DD	2504970.3	6602153.3	1809.1	000	-90	66.3	1999-00
DDH60	DD	2504997.9	6602162.5	1809.0	360	-67	59.9	1999-00
DDH61	DD	2504997.9	6602162.5	1809.0	000	-90	58.1	1999-00
DDH62	DD	2504751.4	6601602.6	1789.2	170	-45	68.4	1999-00
DDH63	DD	2504751.4	6601602.6	1789.2	170	-70	131.5	1999-00
DDH64	DD	2504776.3	6601596.9	1789.1	170	-45	66.7	1999-00
DDH65	DD	2504552.7	6600792.0	1793.8	194	-45	124.8	1999-00
DDH66	DD	2504552.7	6600792.0	1793.8	194	-57	117.0	1999-00
DDH67	DD	2504552.7	6600792.0	1793.8	194	-66	126.1	1999-00
DDH68	DD	2504623.9	6600779.0	1800.7	000	-90	79.5	1999-00
DDH69	DD	2504623.9	6600779.0	1800.7	194	-60	101.5	1999-00

Commentary
GNDD002A	504795.405	6601311.104	1829.286	-60	115	84.5
GNDD003	504824.427	6601313.623	1827.768	-70	115	90.2
GNDD004	504994.416	6601546.302	1835.345	-60	115	100.0
GNDD005	504473.042	6600105.922	1806.448	-55	090	110.0
GNDD006	504527.975	6600187.234	1817.856	-55	170	100.9
GNDD007	504623.738	6600196.677	1823.447	-68	190	86.3
GNDD007A	504624.021	6600198.394	1823.379	-68	190	219.0
GNDD008	504625.047	6600198.059	1823.457	-60	184	109.4
GNDD008A	504625.080	6600199.718	1823.264	-60	184	169.0
GNDD009	504412.848	6599638.914	1794.22	-55	115	147.0
GNDD010	504621.652	6600196.048	1823.452	-68	165	146.5
GNDD011	504395.352	6599644.012	1794.025	-64	115	169.2
GNDD012	504450.864	6599816.527	1798.321	-55	115	120.0
GNDD013	504406.840	6599613.052	1792.378	-58	112	141.0
GNDD014	504404.991	6599659.831	1793.728	-59	114	140.0
GNDD015	504442.039	6600159.812	1808.700	-62	115	166.7
GNDD016	504402.958	6599683.437	1794.007	-60	115	172.0
GNDD017	504460.948	6600075.899	1806.143	-55	115	132.6
GNDD018	504473.781	6600109.152	1806.458	-60	115	130.0
GNDD019	504934.605	6601534.429	1834.720	-70	115	80.0
GNDD020	504463.598	6600139.107	1807.789	-58	115	153.0
GNDD021	504935.804	6601567.863	1835.631	-60	115	120.0
GNDD022	504835.215	6601331.069	1828.015	-60	113	100.0
GNDD023	504814.193	6601336.790	1828.535	-55	117	100.0
GNDD024	504458.922	6600123.135	1807.237	-70	115	150.0
GNDD025	504786.126	6601137.698	1823.876	-60	115	141.0
GNDD026	504813.588	6601444.189	1831.810	-55	115	100.0
GNDD027	504416.311	6599703.996	1794.702	-55	115	139.2
GNDD028	504824.752	6601321.020	1827.837	-57	115	100.0
GNDD029	504791.830	6601316.140	1829.344	-71	115	120.2

Commentary
GNDD030	504454.538	6599860.757	1799.266	-60	115	148.0
GNDD031	504622.013	6600198.726	1823.191	-60	130	149.0
GNDD032	504619.803	6600203.906	1822.790	-55	097	166.6
GNDD033	504830.792	6601385.842	1829.315	-55	115	62.0
GNDD034	504862.613	6601524.893	1834.263	-60	115	60.0
GNDD035	504782.969	6601234.234	1827.709	-78	115	119.5
GNDD036	504303.325	6599128.637	1779.458	-55	115	131.0
GNDD037	504462.875	6599831.674	1798.456	-55	115	83.5
GNDD038	504465.362	6600097.111	1806.580	-55	115	87.7
GMDD039	504815.800	6601318.000	1829.100	-70	115	80.0
GMDD040	504402.100	6599641.500	1794.800	-55	115	135.5
GMDD041	504473.000	6600104.000	1806.400	-55	095	428.0
GNDD042	504392.551	6599574.224	1790.603	-60	115	140.0
GMDD043	504815.800	6601320.000	1829.100	-67	115	80.0
GNDD044	504380.090	6599622.578	1791.934	-65	115	185.0
GNDD045	504366.823	6599679.058	1793.712	-57	115	311.0
GNDD046	504364.309	6599702.621	1794.533	-60	115	191.0
GNDD047	504459.642	6599644.133	1793.422	-60	115	101.0
GNDD048	504792.642	6601286.638	1828.497	-74	115	95.0
GNDD049	504807.030	6601419.483	1831.588	-60	115	90.0
GNDD050	504826.614	6601509.677	1833.357	-60	115	80.0
GNDD051	504766.792	6601032.571	1823.273	-60	115	120.0
GNDD060	504801.654	6601066.131	1822.596	-60	115	200.0
GNDD073	504367.546	6599724.992	1795.493	-57	115	150.2
GNDD074	504366.299	6599725.496	1795.450	-73	115	152.0
GNDD077	504821.005	6601145.026	1823.951	-60	115	222.0
GNDD079	504636.330	6600286.824	1823.053	-60	115	181.4
GNDD082	504769.532	6601169.127	1825.621	-60	115	266.0
GNDD083	504646.604	6600336.172	1823.893	-60	115	181.0
GNDD085	504456.068	6599888.509	1799.895	-60	115	90.0

Commentary
GNDD088	504815.0	6601194	1825.2	-60	115	237.0
GNDD088A	504815.621	6601193.811	1825.210	-60	115	265.0
GNDD089	504635.811	6600285.352	1823.032	-55	133	200.1
GNDD092	504839.792	6601208.375	1824.849	-60	115	300.0
GNDD093	504679.396	6600332.075	1827.365	-55	115	209.0
GNDD095	504804.597	6601219.844	1826.834	-67	115	203.0
GNDD096	504666.622	6600602.793	1820.371	-60	115	215.0
GNDD099	504384.933	6599759.693	1796.525	-60	115	150.0
GNDD100	504424.250	6599784.711	1796.728	-60	115	120.0
GNDD101	504781.691	6600986.509	1821.679	-60	115	220.0
GNDD102	504787.340	6601285.049	1828.549	-57	115	260.0
GNDD103	504432.004	6599482.162	1788.500	-55	115	299.0
GNDD105	504701.392	6601025.961	1824.818	-60	115	300.0
GNDD106	504438.745	6599613.089	1792.511	-55	115	300.0
GNDD108	504893.480	6601156.138	1824.948	-60	115	200.0
GNDD109	504788.659	6601026.581	1822.675	-60	115	209.0
GNDD112	504893.408	6601198.421	1825.402	-60	115	188.0
GNDD113	504704.700	6601067.100	1826.300	-60	115	230.0
GNDD113A	504705.888	6601065.628	1825.877	-60	115	461
GNDD114	504430.719	6600110.231	1807.080	-50	115	116.0
GNDD115	504860.469	6601289.558	1826.422	-60	115	251.0
GNDD116	504441.894	6599558.746	1790.917	-65	115	269.0
GNDD117	504428.815	6600110.985	1807.008	-60	115	120.0
GNDD118	505085.614	6601107.067	1811.275	-60	295	300.0
GNDD119	504827.094	6601535.651	1835.088	-66	115	115.0
GNDD120	504411.171	6600099.998	1806.316	-60	110	164.0
GNDD121	504863.473	6601140.462	1821.954	-57	115	181.0
GNDD122	504659.288	6600648.314	1819.643	-60	115	250.0
GNDD123	504823.784	6601510.706	1833.612	-63	130	130.0
GNDD124	504410.706	6600099.603	1806.296	-70	115	160.0

Commentary
GNDD125	505135.977	6601131.034	1809.281	-60	295	300.0
GNDD126	504716.358	6601149.031	1827.257	-60	115	196.0
GNDD127	504889.851	6601503.430	1834.161	-55	115	300.0
GNDD128	504715.660	6601106.719	1826.595	-60	115	230.0
GNDD129	504637.632	6600284.287	1805.395	-55	185	291.0
GNDD130	504838.247	6601093.352	1821.556	-60	115	227.0
GNDD131	504650.672	6600737.758	1821.134	-60	115	280.0
GNDD132	504819.319	6601357.930	1829.373	-55	115	300.0
GNDD133	504869.366	6601639.665	1835.213	-60	170	182.0
GNDD134	504639.057	6600284.444	1805.499	-55	154	290.0
GNDD135	504845.188	6601547.554	1834.906	-64	350	135.0
GNDD136	504837.721	6601445.719	1830.128	-55	115	310.0
GNDD137	504647.268	6600701.174	1820.549	-60	115	370.0
GNDD138	504883.975	6601540.420	1835.042	-65	350	237.0
GNDD139	504755.726	6601084.848	1824.694	-60	115	200.0
GNDD140	504991.396	6601549.750	1835.464	-60	60	230.0
GNDD141	504779.587	6601255.947	1828.225	-70	115	270.0
GNDD142	504433.887	6599629.407	1792.717	-62	115	360.0
GNDD143	504902.285	6601209.174	1826.545	-20	115	120.0
GNDD144	504961.182	6601524.651	1835.687	-70	40	410.0
GNDD145	504557.511	6600224.447	1818.092	-64	170	200.0
GNDD146	504772.849	6601212.611	1827.389	-70	115	350.0
GNDD147	504959.171	6601525.259	1835.597	-60	355	240.0
GNDD148	504845.962	6601442.396	1831.403	-24	115	85.5
GNDD149	504847.402	6601441.816	1832.186	-5	115	88.1
GNDD150	504848.651	6601525.476	1834.636	-65	350	251.0
GNDD151	504673.689	6601219.059	1830.640	-60	115	430.0
GNDD152	504901.725	6601465.446	1834.787	-15	115	165.0
GNDD153	504690.458	6600986.257	1824.840	-70	115	326.0
GNDD154	504891.810	6601503.838	1834.134	-65	350	212.0

Commentary
GNDD155	504779.116	6601123.548	1823.862	-60	115	420.0
GNDD156	504842.752	6601402.888	1830.505	-37	115	59.0
GNDD157	504638.216	6600284.907	1805.408	-55	170	527.0
GNDD158	504807.600	6601535.300	1837.000	-60	350	170.0
GNDD159	504910.382	6601145.345	1825.562	-40	115	202.0
GNDD160	504980.539	6601546.905	1835.243	-55	350	170.0
GNDD161	504664.113	6600816.520	1822.385	-60	115	251.00
GNDD162	504723.843	6601279.506	1830.376	-60	115	180.00
GNDD163	504749.611	6601575.347	1837.394	-60	115	180.00
GNDD164	504672.435	6601526.078	1836.853	-60	115	311.00
GNDD165	504488.377	6599862.768	1803.486	-10	115	253.80
GNDD166	504557.654	6600330.511	1817.438	-60	115	327.00
GNDD167	504727.540	6600880.315	1820.767	-60	115	251.00
GNDD168	504559.923	6600382.723	1816.844	-60	115	314.00
GNDD169	504683.848	6601565.336	1837.928	-60	115	416.00
GNDD170	504663.000	6600335.000	1822.900	-60	170	123.50
GNDD170A	504664.576	6600335.390	1826.501	-60	170	380.00
GNDD171	504674.659	6600904.137	1823.445	-70	115	350.00
GNDD172	504487.566	6599863.343	1802.727	-45	115	119.70
GNDD173	504697.019	6601339.596	1833.656	-60	115	191.00
GNDD174	504474.118	6600097.716	1807.933	-11	115	329.50
GNDD175	504653.221	6601093.209	1828.285	-60	115	353.00
GNDD176	504733.851	6600655.255	1817.503	-60	115	350.00
GNDD177	504759.610	6601481.663	1834.257	-60	115	160.00
GNDD178	504625.984	6600185.259	1824.078	-60	185	145.20
GNDD179	504406.541	6600185.242	1809.531	-55	170	192.10
GNDD180	504678.044	6600779.784	1821.026	-60	115	341.00
GNDD181	504669.174	6600332.942	1809.056	-60	160	401.00
GNDD182	504669.526	6601127.040	1828.630	-60	115	332.00
GNDD183	504775.514	6601523.887	1835.124	-65	115	146.00

Commentary
GNDD184	504670.292	6601174.696	1829.453	-60	115	321.50
GNDD185	504730.718	6601405.556	1832.739	-60	115	180.00
GNDD186	504735.990	6600742.990	1818.290	-60	115	209.00
GNDD187	504621.493	6601546.173	1839.975	-67	115	320.00
GNDD188	504658.832	6601043.631	1826.939	-60	115	277.00
GNDD189	504473.828	6600097.778	1807.415	-29	115	320.00
GNDD190	504894.932	6601473.630	1833.192	-65	350	269.00
GNDD191	504602.016	6601426.850	1837.553	-70	115	260.00
GNDD192	504617.912	6600575.207	1820.347	-60	115	260.00
GNDD193	504686.491	6601425.894	1834.934	-60	115	293.00
GNDD194	504670.153	6600333.303	1808.999	-60	140	300.00
GNDD195	504473.117	6600098.042	1807.172	-44	115	370.00
GNDD196	504633.370	6600393.771	1822.260	-60	115	296.00
GNDD197	504860.921	6601483.879	1831.591	-68	350	72.00
GNDD198	504787.448	6601250.012	1827.763	-60	115	161.00
GNDD199	504812.268	6601468.783	1832.487	-56	350	266.00
GNDD200	504966.362	6601074.292	1816.847	-60	295	280.00
GNDD201	504310.496	6599798.094	1798.387	-65	115	170.00
GNDD202	504524.999	6600443.375	1816.607	-60	115	320.00
GNDD203	504597.900	6600292.924	1820.443	-60	170	361.50
GNDD204	504858.596	6601037.331	1820.096	-60	295	190.10
GNDD205	504368.667	6599653.253	1792.808	-60	115	320.00
GNDD206	504502.882	6600109.342	1814.752	-45	90	315.60
GNDD207	504522.884	6600357.893	1816.137	-60	115	365.00
GNDD208	504919.928	6601011.763	1817.683	-60	295	299.00
GNDD209	504455.248	6599665.027	1793.655	-60	115	212.00
GNDD210	504462.426	6600034.696	1804.674	-55	115	404.00
GNDD211	504918.046	6601053.056	1818.575	-60	295	260.00
GNDD212	504556.481	6600173.681	1823.158	-50	170	90.00
GNDD213	504437.719	6599952.199	1801.892	-55	115	401.00

Commentary
GNDD214	504479.068	6599647.469	1794.866	-25	115	185.30
GNDD215	504841.586	6601002.965	1820.301	-60	295	215.50
GNDD216	504575.288	6600730.335	1823.004	-60	115	260.00
GNDD217	504528.620	6600189.318	1817.887	-60	170	140.00
GNDD218	504744.099	6601001.774	1823.249	-60	295	250.00
GNDD219	504559.700	6600171.900	1821.200	-67	170	125.00
GNDD220	504503.489	6600761.157	1825.667	-60	115	269.00
GNDD221	504559.700	6600171.900	1821.200	-75	170	165.00
GNDD222	504740.575	6600963.697	1822.322	-60	295	251.00
GNDD223	504516.675	6600218.714	1815.407	-60	170	200.00
GNDD224	504450.361	6600481.295	1818.275	-60	115	338.00
GNDD225	504526.735	6601150.967	1834.202	-60	115	299.00
GNDD226	504649.341	6601710.086	1842.687	-60	115	281.00
GNDD227	504517.120	6600217.001	1815.363	-66	170	266.00
GNDD228	504776.100	6601210.300	1827.900	-61	115	330.00
GNDD229	504632.614	6601318.236	1833.884	-60	115	255.00
GNDD230	504658.776	6601614.082	1840.047	-60	115	284.00
GNDD231	504919.069	6602642.725	1840.857	-60	110	240.00
GNDD232	504317.901	6599836.390	1799.881	-65	115	179.30
GNDD233	504669.895	6601527.348	1836.811	-50	115	236.00
GNDD234	504822.913	6601277.432	1827.472	-60	115	116.00
GNDD235	504381.663	6599939.975	1802.201	-65	115	140.00
GNDD236	504595.397	6601384.531	1836.630	-60	115	260.00
GNDD237	504628.160	6601590.640	1839.508	-60	115	450.00
GNDD238	504906.977	6602616.887	1841.656	-60	110	250.00
GNDD239	504477.711	6599648.097	1794.358	-50	115	91.00
GNDD240	504474.701	6600231.137	1813.421	-55	170	200.00
GNDD241	504489.556	6599566.448	1793.976	-45	115	146.50
GNDD242	504577.073	6601302.101	1835.696	-60	115	340.20
GNDD243	504443.175	6600220.099	1811.582	-60	170	161.00

Commentary
GNDD244	504840.051	6602586.818	1845.192	-60	110	281.00
GNDD245	504682.392	6601564.613	1837.879	-50	115	306.00
GNDD246	504304.458	6599841.564	1800.364	-72	115	212.00
GNDD247	504467.820	6599499.478	1797.272	-35	115	180.00
GNDD248	504663.877	6601484.106	1837.295	-60	115	320.00
GNDD249	504565.561	6601221.295	1834.153	-60	115	280.00
GNDD250	504330.009	6599876.638	1800.342	-60	115	197.00
GNDD251	504477.971	6599538.205	1794.923	-45	115	170.50
GNDD252	504831.382	6600924.214	1818.699	-60	295	308.00
GNDD253	504457.312	6599611.851	1792.452	-60	115	277.90
GNDD254	504619.880	6601545.848	1839.946	-60	115	413.00
GNDD255	504614.456	6601152.752	1830.734	-60	115	229.00
GNDD256	504439.108	6599479.931	1789.382	-40	115	200.00
GNDD257	504846.070	6600960.942	1819.000	-60	295	290.00
GNDD258	504479.202	6600229.965	1813.512	-64	170	270.00
GNDD259	504891.047	6601156.539	1824.952	-78	295	209.00
GNDD260	504686.229	6601779.816	1843.684	-60	115	281.00
GNDD261	504735.261	6600179.706	1847.318	-45	120	140.00
GNDD262	504907.951	6600975.057	1817.254	-60	295	290.00
GNDD263	504874.653	6601167.487	1825.604	-60	295	152.00
GNDD264	504404.218	6600202.470	1810.311	-60	170	229.80
GNDD265	504493.431	6600345.518	1815.122	-55	170	345.00
GNDD266	504730.982	6600175.224	1847.381	-40	170	90.00
GNDD267	504886.046	6601114.747	1820.458	-65	295	221.00
GNDD268	504445.758	6600392.598	1815.641	-60	115	360.00
GNDD269	504696.082	6600164.192	1843.123	-45	170	112.60
GNDD270	504888.213	6601199.370	1825.457	-80	295	155.30
GNDD271	504560.712	6600319.000	1817.861	-60	130	281.00
GNDD272	504444.186	6600217.869	1811.622	-52	170	191.00
GNDD273	504559.651	6600163.955	1825.649	-20	170	80.00

Commentary
GNDD274	504564.640	6600318.832	1818.105	-55	175	340.00
GNDD275	504887.265	6601199.716	1825.475	-55	295	131.00
GNDD276	504464.535	6600301.076	1814.073	-60	115	340.00
GNDD277	504848.561	6601090.785	1821.157	-60	295	155.00
GNDD278	504496.144	6600345.519	1815.221	-62	170	380.00
GNDD279	504590.000	6600164.000	1829.600	-45	155	90.00
GNDD280	504570.040	6601132.497	1831.818	-60	115	266.00
GNDD281	504599.717	6600293.500	1820.179	-67	170	470.00
GNDD282	504462.194	6600299.930	1814.097	-60	170	370.00
GNDD283	504590.000	6600164.000	1829.600	-5	155	95.00
GNDD284	504625.209	6600441.245	1819.581	-60	115	130.00
GNDD285	504525.300	6601150.700	1833.800	-70	115	401.00
GNDD286	504396.400	6600235.100	1813.100	-60	170	260.00
GNDD287	504538.700	6600482.600	1815.700	-60	115	265.00
GNDD288	504624.000	6600326.000	1819.400	-60	170	450.00
GNDD289	504650.000	6600182.000	1824.300	-45	170	276.00
GNDD290	504361.200	6600204.400	1813.100	-60	170	200.00
GNDD291	504548.700	6600522.000	1817.300	-60	115	200.00
GNDD292	504538.500	6600615.000	1820.200	-60	115	270.00
GNDD293	504665.000	6601394.700	1837.400	-60	115	215.00
GNDD294	504434.800	6600247.200	1812.400	-60	170	290.00
GNDD295	504569.000	6600556.600	1818.100	-60	115	221.00
GNDD296	504380.100	6599622.600	1791.900	-60	115	299.00
GNDD297	504650.000	6600182.000	1824.300	-20	170	167.50
GNDD298	504641.100	6601449.800	1840.000	-60	115	350.00
GNDD299	504312.900	6599705.100	1797.700	-60	115	170.00
GNDD300	504595.100	6600632.700	1819.000	-60	115	200.00
GNDD301	504636.000	6600298.000	1823.100	-25	115	90.20
GNDD302	504110.500	6599843.600	1800.000	-60	115	221.00
GNDD303	504504.700	6600851.400	1828.200	-60	115	240.00

Commentary
GNDD304	504743.600	6601445.500	1836.900	-60	115	158.00
GNRC052	504443.927	6599554.145	1790.676	-60	115	90
GNRC053	504452.888	6599589.416	1791.660	-60	115	96
GNRC054	504458.908	6599679.484	1794.408	-60	115	90
GNRC055	504461.566	6599726.253	1795.888	-60	115	102
GNRC056	504463.187	6599763.817	1796.276	-60	115	102
GNRC057	504453.440	6599901.106	1800.270	-60	115	96
GNRC058	504716.992	6600488.640	1825.624	-60	115	102
GNRC059	504785.101	6600721.845	1817.042	-60	115	84
GNRC061	504963.888	6601521.567	1835.635	-60	115	30
GNRC062	504943.260	6601531.855	1834.917	-60	115	30
GNRC063	504914.884	6601499.583	1833.781	-60	115	36
GNRC064	504895.067	6601472.101	1833.039	-60	115	36
GNRC065	504865.673	6601481.570	1831.536	-60	115	60
GNRC066	504896.480	6601506.894	1834.226	-60	115	48
GNRC067	504911.268	6601541.124	1836.127	-60	115	50
GNRC068	504990.546	6601552.694	1835.287	-60	030	114
GNRC069	504934.855	6601579.782	1836.179	-60	115	120
GNRC070	504925.545	6601566.505	1835.127	-60	350	84
GNRC071	504878.397	6601572.030	1833.873	-60	350	54
GNRC072	504877.872	6601568.814	1833.843	-70	350	72
GNRC075	504842.742	6601573.984	1835.428	-60	350	60
GNRC076	504828.279	6601539.638	1835.244	-60	115	76
GNRC078	504842.744	6601450.106	1830.180	-60	115	70
GNRC080	504864.734	6601560.758	1834.333	-60	115	86
GNRC081	504815.835	6601460.850	1832.033	-73	115	86
GNRC084	504965.730	6601530.280	1836.056	-55	030	145
GNRC086	504838.724	6601402.481	1829.645	-60	115	60
GNRC087	504858.585	6601345.400	1828.417	-60	115	30
GNRC090	504821.284	6601359.986	1829.379	-60	115	60

Criteria	JORC Code explanation	JORC Code explanation	Commentary
*Quality of assay data*	-	The nature quality and appropriateness of the assaying	The MSA laboratory used for sample preparation in San Juan has been inspected by Stuart Munroe
*and laboratory tests*		and laboratory procedures used and whether the technique is considered partial or total.	(Exploration Manager) and Sergio Rotondo (COO) prior to any samples being submitted. The laboratory procedures are consistent with international best practice and are suitable for samples from the Project.
	-	For geophysical tools spectrometers handheld XRF	The ALS laboratory in Mendoza has not yet been inspected by CEL representatives.
		instruments etc the parameters used in determining the	Internal laboratory standards were used for each job to ensure correct calibration of elements.
		analysis including instrument make and model reading
		times calibrations factors applied and their derivation etc.	CEL submit blank samples (cobble and gravel material from a quarry nearby to Las Flores San Yuan) to
	-	Nature of quality control procedures adopted (eg standards blanks duplicates external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	both the MSA laboratory and the ALS laboratory which were strategically placed in the sample sequence immediately after samples that were suspected of containing high grade Au Ag Zn or Cu to test the lab preparation contamination procedures. The values received from the blank samples suggest rare cross contamination of samples during sample preparation. 13 blank samples have been submitted with the channel samples where final results been received. The
			blank sample results are consistent with the blank results submitted with the drill core samples and no
			unexpected results have been returned.

Criteria	JORC Code explanation	JORC Code explanation	Commentary
*Quality of assay data*	-	The nature quality and appropriateness of the assaying	The MSA laboratory used for sample preparation in San Juan has been inspected by Stuart Munroe
*and laboratory tests*		and laboratory procedures used and whether the technique is considered partial or total.	(Exploration Manager) and Sergio Rotondo (COO) prior to any samples being submitted. The laboratory procedures are consistent with international best practice and are suitable for samples from the Project.
	-	For geophysical tools spectrometers handheld XRF	The ALS laboratory in Mendoza has not yet been inspected by CEL representatives.
		instruments etc the parameters used in determining the	Internal laboratory standards were used for each job to ensure correct calibration of elements.
		analysis including instrument make and model reading
		times calibrations factors applied and their derivation etc.	CEL submit blank samples (cobble and gravel material from a quarry nearby to Las Flores San Yuan) to
	-	Nature of quality control procedures adopted (eg standards blanks duplicates external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	both the MSA laboratory and the ALS laboratory which were strategically placed in the sample sequence immediately after samples that were suspected of containing high grade Au Ag Zn or Cu to test the lab preparation contamination procedures. The values received from the blank samples suggest rare cross contamination of samples during sample preparation. 13 blank samples have been submitted with the channel samples where final results been received. The
			blank sample results are consistent with the blank results submitted with the drill core samples and no
			unexpected results have been returned.

Criteria	JORC Code explanation	JORC Code explanation	Commentary
			GNRC091 504789.111 6601376.410 1830.448 -60 115 80
			GNRC094 504852.454 6601307.187 1827.304 -60 115 60
			GNRC097 504831.396 6601289.723 1827.153 -60 115 70
			GNRC098 504784.865 6601253.409 1827.869 -76 115 96
			GNRC104 504780.186 6601228.313 1827.663 -64 115 150
			GNRC107 504623.1 6600197.1 1823.3 -60 185 120
			GNRC110 504502.0 6600107.0 1814.0 -62 90 60
			GNRC111 504427.8 6599739.8 1796.4 -60 115 120
*Drill sample recovery*	-	Method of recording and assessing core and chip sample	Drill core is placed into wooden boxes by the drillers and depth marks are indicated on wooden blocks at
		recoveries and results assessed.	the end of each run. These depths are reconciled by CEL geologists when measuring core recovery.
	-	Measures taken to maximise sample recovery and ensure representative nature of the samples.	Triple tube drilling has been being done by CEL to maximise core recovery.
	-	Whether a relationship exists between sample recovery	RC sub-samples are collected from a rotary splitter mounted to the face sample recovery cyclone. A 2-4
		and grade and whether sample bias may have occurred	kg sub-samples is collected for each metre of RC drilling. Duplicate samples are taken at the rate of I
		due to preferential loss/gain of fine/coarse material.	every 25-30 samples using a riffle splitter to split out a 2-4 kg sub-sample. The whole sample recovered is weighed to measure sample recovery and consistency in sampling.
			A possible relationship has been observed between historic sample recovery and Au Ag or Zn grade
			whereby low recoveries have resulted in underreporting of grade. Insufficient information is not yet
			available to more accurately quantify this. Core recovery is influenced by the intensity of natural
			fracturing in the rock. A positive correlation between recovery and RQD has been observed. The
			fracturing is generally post mineral and not directly associated with the mineralisation.
*Logging*	-	Whether core and chip samples have been geologically	Detailed logs are available for most of the historical drilling. Some logs have not been recovered. No
		and geotechnically logged to a level of detail to support	core photographs from the historic drilling have been found. No drill core has survived due to poor
		appropriate Mineral Resource estimation mining studies	storage and neglect. No RC sample chips have been found.
	-	and metallurgical studies. Whether logging is qualitative or quantitative in nature.	For CEL drilling, all the core is logged for recovery RQD weathering lithology alteration mineralization and structure to a level that is suitable for geological modelling resource estimation and metallurgical test
		Core (or costean channel etc) photography.	work. RC drill chips are logged for geology, alteration and mineralisation. Where possible logging is
	-	The total length and percentage of the relevant	quantitative. Geological logging is done in MS Excel in a format that can readily be transferred to a
		intersections logged.	database which holds all drilling logging sample and assay data.
*Sub-sampling*	-	If core whether cut or sawn and whether quarter half or	Competent drill core is cut longitudinally using a diamond saw for sampling of ½ the core. Soft core is
*techniques and* *sample preparation*	-	all core taken. If non-core whether riffled tube sampled rotary split etc and whether sampled wet or dry.	split using a wide blade chisel or a manual core split press. The geologist logging the core indicates on the drill core where the saw cut is to be made to ensure half-core sample representivity. Sample intervals are selected based on lithologyalteration and mineralization boundaries. Sample

Criteria	JORC Code explanation	Commentary
		For drill holes from GNDD011 and unsampled intervals from the 2019 drilling, nine different Certified
		Standard Reference pulp samples (CRM) with known values for Au Ag Fe S Pb Cu and Zn have been
		submitted with samples of drill core to test the precision and accuracy of the analytic procedures of both
		the MSA and ALS. In the results received to date there has been no observed bias in results of the CRM.
		The standards demonstrate suitable precision and accuracy of the analytic process. No systematic bias is
		observed. A summary of the standard deviations from the expected values for CRM’s used is
		summarised below. Generally, an average of standard deviations close to zero indicates a high degree of
		accuracy and a low range of standard deviations with a low fail count indicates a high degree of precision.
		Only 12 standard (CRM) sample assays submitted with the channel samples have been finalised. The
		results are consistent with CRM submitted with drill core samples.

Criteria	JORC Code explanation	JORC Code explanation	Commentary
			analysis of the twin holes has yet to be completed. The holes are:
			GNDD003 – DDH34 and 04HD08
			GNRC110 – DDH53
			GNDD144 – 05HD39
			GNRC107 – GNDD008/008A
			GNDD206 – DDH54
			Final sample assay analyses are received by digital file in PDF and CSV format. The original files are
			backed-up and the data copied into a drill hole database for geological modelling.
			Assay results summarised in the context of this report have been rounded appropriately to 2 significant
			figures. No assay data have been otherwise adjusted.
*Location of data*	-	Accuracy and quality of surveys used to locate drill holes	Following completion of drilling collars are surveyed using a differential GPS (DGPS) relative into the
*points*		(collar and down-hole surveys) trenches mine workings	Argentinian SGM survey. The locations have been surveyed in POSGAR 2007 zone 2 and converted to
		and other locations used in Mineral Resource estimation.	WGS84 UTM zone 19s.
	-	Specification of the grid system used.
	-	Quality and adequacy of topographic control.	Following completion of the channel sampling, the location of the channel samples taken underground is
			surveyed from a survey mark at the entrance to the underground which is located using differential GPS.
			The locations have been surveyed in POSGAR 2007 zone 2 and converted to WGS84 UTM zone 19s.
			The drill machine is set-up on the drill pad using hand-held equipment according to the proposed hole
			design.
			Diamond core drill holes are surveyed at 30-40m intervals down hole using a Reflex tool. RC drill holes
			are surveyed down hole every 10 metres using a gyroscope to avoid magnetic influence from the drill
			rods.
			All current and previous drill collar sites, Minas corner pegs and strategic surface points have been
			surveyed using DGPS to provide topographic control for the Project.
*Data spacing and*	-	Data spacing for reporting of Exploration Results.	No regular drill hole spacing has been applied across the Project, although a nominal 40m x 40m drill
*distribution*	-	Whether the data spacing and distribution is sufficient to	spacing is being applied to infill and extension drilling where appropriate. The current drilling is designed
		establish the degree of geological and grade continuity	to check previous exploration, extend mineralisation along strike, and provide some information to
		appropriate for the Mineral Resource and Ore Reserve	establish controls on mineralization and exploration potential. No Mineral Resource Estimate to JORC
		estimation procedure(s) and classifications applied.	2012 reporting standards has been made at this time.
	-	Whether sample compositing has been applied.	Samples have not been composited.

Criteria	JORC Code explanation	JORC Code explanation	Commentary
*Orientation of data*	-	Whether the orientation of sampling achieves unbiased	As far as is currently understood and where practicable, the orientation of sampling achieves unbiased
*in relation to*		sampling of possible structures and the extent to which	sampling of structures and geology controlling the mineralisation.
*geological structure*	-	this is known considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to	For underground channel sampling, the orientation of the sample is determined by the orientation of the workings. Where the sampling is parallel with the strike of the mineralisation, plans showing the location of the sampling relative to the orientation of the mineralisation, weighted average grades and estimates
		have introduced a sampling bias this should be assessed	of true thickness are provided to provide a balanced report of the mineralisation that has been sampled.
		and reported if material.
			Drilling has been designed to provide an unbiased sample of the geology and mineralisation targeted.
*Sample security*	-	The measures taken to ensure sample security.	Samples were under constant supervision by site security, senior personnel and courier contractors prior
			to delivery to the preparation laboratories in San Juan and Mendoza.
*Audits or reviews*	-	The results of any audits or reviews of sampling	There has not yet been any independent reviews of the sampling techniques and data.
		techniques and data.

Criteria JORC Code explanation	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary
*Mineral tenement* *and land tenure* *status* - Type reference name/number location and ownership including agreements or material issues with third parties such as joint ventures partnerships overriding royalties native title interests historical sites wilderness or national park and environmental settings. - The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The current Hualilan project comprises 15 Minas (equivalent of mining leases) and 2 Demasias (mining lease extensions), an additional 8 Minas and 3 exploration licences (Cateos) under a farmin agreement and a further 4 Cateos directly held. This covers all of the currently defined mineralization and surrounding prospective ground. There are no royalties on the project. CEL is earning a 75% interest in the Project by funding exploration to a Definitive Feasibility Study (DFS). Granted mining leases (Minas Otorgadas) at the Hualilan Project Name Number Current Owner Status Grant Date Area (ha) Cerro Sur Divisadero 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Flor de Hualilan 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Pereyra y Aciar 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Bicolor 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Sentazon 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Muchilera 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Magnata 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Pizarro 5448-M-1960 Golden Mining S.R.L. Granted 30/04/2015 6 Cerro Norte La Toro 5448-M-1960 CIA GPL S.R.L. Granted 30/04/2015 6 La Puntilla 5448-M-1960 CIA GPL S.R.L. Granted 30/04/2015 6
	Name	Number	Current Owner	Status	Grant Date	Area (ha)
	Cerro Sur
	Divisadero	5448-M-1960	Golden Mining S.R.L.	Granted	30/04/2015	6
	Flor de Hualilan	5448-M-1960	Golden Mining S.R.L.	Granted	30/04/2015	6
	Pereyra y Aciar	5448-M-1960	Golden Mining S.R.L.	Granted	30/04/2015	6
	Bicolor	5448-M-1960	Golden Mining S.R.L.	Granted	30/04/2015	6
	Sentazon	5448-M-1960	Golden Mining S.R.L.	Granted	30/04/2015	6
	Muchilera	5448-M-1960	Golden Mining S.R.L.	Granted	30/04/2015	6
	Magnata	5448-M-1960	Golden Mining S.R.L.	Granted	30/04/2015	6
	Pizarro	5448-M-1960	Golden Mining S.R.L.	Granted	30/04/2015	6
	Cerro Norte
	La Toro	5448-M-1960	CIA GPL S.R.L.	Granted	30/04/2015	6
	La Puntilla	5448-M-1960	CIA GPL S.R.L.	Granted	30/04/2015	6

Commentary
Pique de Ortega	5448-M-1960	CIA GPL S.R.L.	Granted	30/04/2015	6
Descrubidora	5448-M-1960	CIA GPL S.R.L.	Granted	30/04/2015	6
Pardo	5448-M-1960	CIA GPL S.R.L.	Granted	30/04/2015	6
Sanchez	5448-M-1960	CIA GPL S.R.L.	Granted	30/04/2015	6
Andacollo	5448-M-1960	CIA GPL S.R.L.	Granted	30/04/2015	6
Mining Lease extensions (Demasias) at		the Hualilan Project
Name	Number	Current Owner	Status	Grant date	Area (ha)
Cerro Sur
North of "Pizarro" Mine	195-152-C-1981	Golden Mining S.R.L.	Granted	05/12/2014	1.9
Cerro Norte
South of "La Toro" Mine	195-152-C-1981	CIA GPL S.R.L.	Granted	05/12/2014	1.9
Mining Lease Farmin Agreements
Name	Number	Transfrred to CEL	Status	Grant Date	Area (ha)
Marta Alicia	2260-S-58	Yes	Current		23.54
Marta	339.154-R-92	Yes	Current		478.50
Marta 1	339.153-R-92	Yes	Current		163.42
AK4	1124.299-R-18	Yes	Current		1500.00
Solitario 1-5	545.604-C-94	Yes	Current		685.00
Solitario 1-4	545.605-C-94	Yes	Current		310.83
Solitario 1-1	545.608-C-94	Yes	Subject to Approval		TBA
Solitario 6-1	545.788-C-94	Yes	Subject to Approval		TBA

Criteria JORC Code explanation	Commentary
	Exploration Licence	Farmin Agreements
	Name	Number	Transfrred to CEL	Status	Grant Date	Area (ha)
		295.122-R-1989	Yes	Current		1882.56
		228.441-R-1993	Yes	Subject to Approval		2800.00
		545.880-O-1994	Yes	Current		149.99
	Exploration Licences Held (Direct Award)
	Name	Number	Transfrred to CEL	Status	Grant Date	Area (ha)
	Ayen	1124.495-I-20	Yes	Current		2059.60
		1124-248G-20	Yes	Current		933.20
		1124-188-G-20	Yes	Current		267.40
		1124-188-G-20	Yes	Current		600.00
*Exploration done* *by other parties* - Acknowledgment and appraisal of exploration by other parties.	Intermittent sampling dating back over 500 years has produced a great deal of information and data including sampling geologic maps reports trenching data underground workings drill hole results geophysical surveys resource estimates plus property examinations and detailed studies by several geologists. Prior to the current exploration no work has been completed since 2006. There is 6 km of underground workings that pass through mineralised zones. Records of the underground geology and sampling have been compiled and digitised as are sample data geological mapping trench data adit exposures and drill hole results. Historic geophysical surveys exist but have largely yet to be check located and digitised. Drilling on the Hualilan Project (Cerro Sur and Cerro Norte combined) extends to over 150 drill holes. The key historical exploration drilling and sampling results are listed below. - 1984 – Lixivia SA channel sampling & 16 RC holes (AG1-AG16) totalling 2040m - 1995 - Plata Mining Limited (TSE: PMT) 33 RC holes (Hua- 1 to 33) + 1500 samples - 1998 – Chilean consulting firm EPROM (on behalf of Plata Mining) systematic underground mapping and channel sampling

Criteria	JORC Code explanation	JORC Code explanation	Commentary
			- 1999 – Compania Mineral El Colorado SA (“CMEC”) 59 core holes (DDH-20 to 79) plus 1700m RC
			program
			- 2003 – 2005 – La Mancha (TSE Listed) undertook 7447m of DDH core drilling (HD-01 to HD-48)
			- Detailed resource estimation studies were undertaken by EPROM Ltda. (EPROM) in 1996 and CMEC
			(1999 revised 2000) both of which were written to professional standards and La Mancha 2003 and
			2006.
			- The collection of all exploration data by the various operators was of a high standard and had
			appropriate samplingtechniques intervals and custody procedures were used.
*Geology*	-	Deposit type geological setting and style of	Mineralisation occurs in all rock types where it preferentially replaces limestone, shale and sandstone and occurs
		mineralisation.	in fault zones and in fracture networks within dacitic intrusions.
			The mineralisation has previously been classified as a Zn-Cu distal skarn (or manto-style skarn) with vein-hosted
			Au-Ag mineralisation. It has been divided into three phases – prograde skarn retrograde skarn and a late quartz–
			galena event the evolution of the hydrothermal system and mineral paragenesis is the subject of more detailed
			geometallurgical work.
			Gold occurs in native form and as inclusions with sulphide and pyroxene. The mineralisation also commonly
			contains pyrite, chalcopyrite sphalerite and galena with rare arsenopyrite, pyrrhotite and magnetite.
			Mineralisation is either parallel to bedding in bedding-parallel faults, in veins or breccia matric within fractured
			dacitic intrusions, at lithology contacts or in east-west striking steeply dipping siliceous faults that cross the
			bedding at a high angle. The faults have thicknesses of 1–4 m and contain abundant sulphides. The intersection
			between the bedding-parallel mineralisation and east-striking cross veins seems to be important in localising the
			mineralisation.
*Drill hole*	-	A summary of all information material to the	The following significant intersections have been reported by previous explorers. A cut-off grade of 1 g/t Au
*Information*		understanding of the exploration results including a tabulation of the following information for all	equivalent has been used with up to 2m of internal diltion or a cut-off grade of 0.2 g/t Au equivalent and up to 4m of internal diltion has been allowed. No metallurcial or recovery factors have been used. Drill collar location
		Material drill holes:	is provided in the previous section.
	-	easting and northing of the drill hole collar	Hole_id From(m) Interval(m) Au(g/t) Ag (g/t) Zn(%)
	-	elevation or RL (Reduced Level – elevation above sea	AG16 38.6 1.2 0.1 28.6 1.7
		level in metres) of the drill hole collar	MG10 108.0 3.0 1.3 No assay No assay
	-	dip and azimuth of the hole	DDH36 24.7 9.3 1.6 46.3 1.2
	-	down hole length and interception depth	DDH53 17.3 1.4 1.0 1.7 0.00
	-	hole length.	DDH53 24.0 8.9 3.7 239.5 0.03
	-	If the exclusion of this information is justified on the	DDH53 35.7 3.9 3.9 87.8 0.06
		basis that the information is not Material and this	DDH53 41.0 3.0 2.6 7.6 0.20
		exclusion does not detract from the understanding of	DDH54 20.0 1.1 1.2 0.7 0.00

JORC Code explanation	Commentary
the report the Competent Person should clearly	DDH54	31.1	8.3	3.9	32.1	0.80
explain why this is the case.	DDH65	62.0	8.2	11.0	60.6	1.2
	DDH65	82.0	1.0	1.8	33.4	0.30
	DDH66	83.1	7.2	23.7	42.9	2.4
	DDH66	87.9	2.4	69.9	114.4	2.2
	DDH66	104.9	2.8	1.8	29.0	0.10
	DDH67	98.7	1.3	0.2	7.8	1.3
	DDH68	4.0	17.9	2.2	6.3	0.20
	DDH68	73.7	0.5	0.8	9.0	1.2
	DDH69	4.0	16.1	2.3	1.6	0.10
	DDH69	76.9	0.3	0.1	7.0	28.0
	DDH69	79.7	0.8	1.3	120.0	4.5
	DDH70	84.0	7.0	5.2	13.5	0.70
	DDH71	11.0	2.0	0.5	218.0	0.06
	DDH71	39.9	1.0	1.3	6.0	0.03
	DDH71	45.5	1.1	0.4	22.8	0.60
	DDH71	104.0	10.0	33.5	126.7	7.9
	DDH72	26.0	11.7	3.8	14.1	1.3
	DDH72	52.7	6.3	1.5	30.4	0.04
	DDH73	62.5	3.5	0.5	15.6	0.60
	DDH74	119.9	0.5	7.3	98.5	2.6
	DDH76	61.3	0.7	4.0	11.1	0.50
	DDH76	74.4	4.0	0.8	8.8	0.30
	DDH76	84.8	1.2	1.4	10.9	2.0
	DDH78	109.1	0.7	1.1	13.4	1.9
	03HD01A	90.1	1.7	2.1	37.4	2.4
	03HD03	55.0	2.4	2.5	25.6	2.3
	04HD05	80.3	2.0	0.9	42.7	0.02
	04HD05	97.5	1.8	1.9	35.0	0.04
	04HD05	102.0	1.0	1.3	42.1	0.01
	04HD05	106.0	1.0	0.7	28.0	0.05
	04HD05	108.0	5.6	2.8	19.9	1.2
	04HD06	65.4	1.2	46.6	846.0	0.50
	04HD06	75.0	1.0	1.0	2.9	0.01
	04HD06	104.5	7.6	1.8	5.0	1.2
	04HD06	115.1	0.9	16.4	23.1	7.7
	04HD07	98.3	2.2	1.4	32.5	0.90

Commentary
GNDD001	10.00	27.00	0.94	4.9	0.33	1.1	(2)
inc	3.00	32.00	2.3	5.8	0.50	2.6
GNDD002A	5.00	31.00	0.74	2.7	0.67	1.1
and	3.00	81.50	3.1	8.6	5.8	5.7
GNDD003	6.10	55.00	34.6	22	2.9	36.2	(1)
GNDD004	20.50	5.50	1.1	5.3	0.45	1.4	(2)
inc	8.47	6.03	2.0	7.8	0.68	2.4
and	3.43	18.67	1.2	3.2	0.26	1.3
GNDD005	19.00	29.00	1.3	8.1	0.62	1.6	(2)
inc	2.00	29.00	0.79	18	3.3	2.5
and	4.00	43.00	5.1	22	0.49	5.6
and	7.00	59.00	7.8	72	1.4	9.3
inc	3.00	61.00	16.5	135	1.6	18.9	(1)
and	10.00	75.00	0.75	38	0.27	1.4	(2)
inc	3.00	77.00	1.7	39	0.43	2.3
inc	1.00	83.00	1.2	156	0.72	3.5
GNDD006	6.50	78.50	4.2	21	0.29	4.6
inc	3.80	78.50	6.8	34	0.41	7.4
and	1.45	90.00	2.1	41	0.92	3.1
GNDD007	45.92	13.00	0.43	7.8	0.12	0.58	(2)
inc	3.00	45.00	1.9	5.2	0.26	2.0
inc	3.00	55.00	2.3	35	0.54	2.9
GNDD007A	27.00	25.00	0.43	7.2	0.09	0.56	(2)
inc	1.80	46.00	2.4	3.1	0.12	2.5
and	0.70	60.30	0.8	25	0.21	1.2
and	6.70	149.00	14.3	140	7.3	19.3
inc	3.06	150.60	27.5	260	12.9	36.5	(1)
and	0.60	176.40	1.9	6.7	0.99	2.4
GNDD008	35.50	16.50	0.33	8.1	0.10	0.47	(2)
inc	1.00	36.00	1.7	6.2	0.08	1.9
inc	1.63	43.37	1.7	8.4	0.14	1.9
inc	1.15	47.85	1.2	16	0.56	1.7
and	5.70	91.00	12.3	182	0.67	15.0	(1)
and	1.00	99.70	0.93	43	0.52	1.7
and	2.40	107.00	6.3	222	1.9	10.0
GNDD008A	35.50	17.50	0.24	13	0.08	0.43	(2)
and	20.00	95.00	3.3	45	0.55	4.1	(2)

AI assistant

CHALLENGER GOLD LIMITED — Capital/Financing Update 2021

64637_rns_2021-06-02_a0bf7a7f-1edc-44fd-a49b-de21a1bec8ba.pdf

New Zone of High-Grade mineralisation extends strike 50% to 3.1 kilometres at Challenger's Hualilan Gold Project

Highlights

Commenting on the results, CEL Managing Director, Mr Kris Knauer, said

DISCUSSION OF RESULTS

Channel Sampling Program

Flor De Hualilan Adit

Magnata to Sentazon

Directors

Sentazon

See below for information regarding AuEq reported under the JORC Code.

2 Gold Equivalent (AuEq) values - Requirements under the JORC Code

Ends

For further information contact:

About Challenger Exploration

Foreign Resource Estimate Hualilan Project

Competent Person Statement – Exploration results

Competent Person Statement – Foreign Resource Estimate

Directors

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data -Hualilan Project

(Criteria in this section apply to all succeeding sections.)

Directors

Directors

Contact

Criteria

Issued Capital

Directors

Issued Capital

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Issued Capital

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Issued Capital

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Issued Capital

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Issued Capital

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Issued Capital

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Issued Capital

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Contact

Issued Capital

Directors

Issued Capital

Directors

Issued Capital

Directors

Issued Capital

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Issued Capital

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Issued Capital

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Issued Capital

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Issued Capital

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Section 2 Reporting of Exploration Results

Issued Capital

Directors

Issued Capital

Directors

Contact

Issued Capital

Directors

Contact

Contact

Issued Capital

Directors

CHALLENGER GOLD LIMITED Capital/Financing Update 2021

Criteria JORC Code explanation	Commentary
	inc 2.64 96.60 22.8 218 0.68 25.9 (1) inc 10.00 105.00 0.6 28.2 0.71 1.2 GNDD009 7.00 72.00 2.3 102 0.08 3.6 and 3.00 100.00 0.85 50 0.02 1.5 and 10.32 109.10 10.4 28 4.6 12.7 inc 4.22 115.20 21.9 58 8.7 26.4 (1) GNDD010 32.00 27.00 0.29 8.6 0.13 0.46 (2) inc 5.00 30.00 0.65 21 0.09 0.95 and 1.30 55.00 1.1 30 0.80 1.8 and 7.22 136.00 7.5 60 1.1 8.8 (2) inc 3.00 139.00 17.7 143 2.5 20.6
	(1) cut-off of 10 g/t AuEq (2) cut-off of 0.2 g/t AuEq Drilling in 2020-21: Hole_id from (m) interval (m) Au (g/t) Ag (g/t) Zn (%) AuEq (g/t) Cu (%) Pb (%) Note GNDD011 81.00 1.00 1.9 43 0.13 2.5 0.01 0.06 and 139.80 4.80 1.4 5.7 2.6 2.6 0.02 0.02 and 147.20 0.70 9.4 13 6.6 12.4 0.07 0.00 1 and 151.40 0.50 1.2 5.5 0.25 1.4 0.00 0.00 GNDD012 40.70 1.00 6.3 290 0.12 10.1 0.18 1.2 GNDD013 116.40 6.93 1.3 12 2.7 2.6 0.05 0.18 inc 122.50 0.83 4.0 61 10.1 9.1 0.21 1.2 GNDD014 118.50 7.55 2.4 15 3.6 4.2 0.05 0.16 GNDD015 54.00 1.00 0.69 8.6 0.39 1.0 0.03 0.24 and 156.00 1.90 1.0 31 2.8 2.6 0.02 0.79 GNDD016 64.00 1.00 0.80 27 0 1.1 0.02 0.06 and 109.50 5.00 1.8 27 8.3 5.8 0.16 0.01 and 116.55 4.45 6.0 83 3.9 8.8 0.13 0.02 GNDD017 34.30 1.7 0.31 24 2.0 1.5 0.06 1.0 GNDD018 37.75 0.85 1.1 3.6 0.1 1.2 0.01 0.05 and 63.20 3.75 7.1 78 3.6 9.6 0.28 3.6 inc 64.40 2.55 10.3 114 4.9 13.9 0.41 5.2 1 GNDD019 24.00 1.90 1.0 5.3 5.3 3.4 0.12 0.03 GNDD020 71.25 8.25 17.7 257 0.30 21.1 0.60 0.68

Commentary
inc	74.00	5.50	26.0	355	0.42	30.7	0.05	0.21	1
and	83.30	0.65	0.03	2.7	10.70	4.7	0.00	0.02
GNDD021	14.80	1.20	11.0	9.0	0.39	11.3	0.01	0.08	1
and	31.50	0.35	28.1	104	5.8	31.9	0.35	0.12	1
and	98.20	19.80	0.29	2.2	3.4	1.8	0.01	0.04	2
inc	98.20	9.80	0.40	4.4	6.8	3.4	0.01	0.07
inc	104.20	0.80	0.88	13	22.7	10.9	0.02	0.30	1
GNDD022	NSI
GNDD023	58.00	5.00	0.32	3.7	0.1	0.41	0.01	0.09
GNDD024	85.00	6.00	2.5	19	0.15	2.8	0.40	1.4
inc	88.00	1.00	14.9	107	0.46	16.5	2.4	8.3	1
GNDD025	53.00	88.00	0.94	2.3	0.10	1.0	0.00	0.08	2
inc	61.00	14.00	3.1	5.3	0.19	3.2	0.01	0.11
inc	79.00	11.00	1.3	4.1	0.16	1.4	0.00	0.25
inc	93.00	1.00	1.1	2.5	0.09	1.1	0.00	0.37
inc	113.00	2.00	1.2	4.4	0.02	1.2	0.00	0.01
inc	139.00	2.00	0.99	0.50	0.01	1.0	0.00	0.00
GNDD026	NSI
GNDD027	NSI
GNDD028	41.40	18.60	0.21	3.2	2.0	1.1	0.08	0.01	2
inc	52.00	8.00	0.42	6.0	3.8	2.2	0.18	0.02
GNDD029	36.00	12.00	0.17	2.1	0.39	0.36	0.01	0.16	2
GNDD030	33.00	3.00	0.95	53	0.05	1.6	0.01	0.05
GNDD031	32.00	28.00	0.43	5.7	0.15	0.56	0.01	0.04	2
inc	48.00	1.10	3.3	17	0.34	3.7	0.02	0.33
inc	53.00	1.00	4.2	54	0.92	5.3	0.12	0.22
GNDD032	9.00	20.00	0.16	6.7	0.09	0.29	0.00	0.02	2
and	49.00	116.00	1.05	4.0	0.20	1.2	0.01	0.07	2
inc	77.00	3.00	0.93	33.7	2.1	2.3	0.09	0.02
and	101.00	10.00	6.1	18.1	0.11	6.4	0.04	0.47
inc	101.00	6.00	9.6	18.7	0.15	9.9	0.05	0.61	1
and	136.00	4.00	9.8	18.5	1.5	10.7	0.06	0.27
GNDD033	NSI
GNDD034	47.60	0.30	0.03	1.4	24.4	10.6	0.34	0.04
GNDD035	88.75	5.75	9.5	28.7	3.5	11.4	0.10	0.44
inc	88.75	3.15	17.1	28.8	5.6	19.9	0.14	0.56	1
GNDD036	NSI

Commentary
GNDD037	NSI
GNDD038	71.50	2.85	0.53	15.6	2.8	1.9	0.06	0.13
GNDD042	NSI
GNDD044	NSI
GNDD045	85.90	2.10	1.4	28.8	0.1	1.8	0.01	0.02
GNDD046	82.90	0.45	4.1	27	0.06	4.5	0.01	0.03
and	124.15	2.85	29.5	522	10.8	40.8	0.41	0.25	1
GNDD047	61.00	38.50	1.3	1.2	0.04	1.3	0.00	0.02	2
inc	62.50	6.00	6.3	3.5	0.15	6.4	0.01	0.10
and	74.10	1.50	1.0	1.9	0.00	1.0	0.00	0.00
and	83.55	0.45	7.3	12.2	0.00	7.5	0.00	0.00
and	98.50	1.00	1.2	0.8	0.00	1.2	0.00	0.00
GNDD048	36.00	19.00	0.6	5.0	0.25	0.81	0.01	0.06	2
inc	38.00	3.15	2.7	12.1	0.09	2.9	0.03	0.14
GNDD049	NSI
GNDD050	21.00	22.00	0.21	2.9	0.53	0.48	0.01	0.15	2
inc	21.00	2.00	1.4	4.8	0.07	1.5	0.01	0.07
GNRC051	NSI
GNRC052	69	6	1.7	4.4	0.32	1.9	0.03	0.00
GNRC053	NSI
GNRC054	13	7	0.22	3.9	0.03	0.28	0.00	0.01	2
and	66	15	0.53	4.0	0.66	0.87	0.01	0.13	2
inc	77	3	1.3	8.5	1.9	2.3	0.02	0.31
GNRC055	18	7	0.28	6.9	0.04	0.38	0.00	0.01	2
GNRC056	56	1	2.3	138	0.08	4.1	0.01	0.07
GNRC057	37	12	0.06	2.4	0.58	0.34	0.01	0.06	2
GNRC058	NSI
GNRC059	NSI
GNDD060	NSI
GNRC061	NSI
GNRC062	17	3	3.8	7.9	2.7	5.0	0.24	0.17
GNRC063	19	1	0.01	0.46	2.8	1.2	0.04	0.01
GNRC064	22	1	0.01	4.2	3.8	1.7	0.00	0.00
and	27	1	0.69	27	1.2	1.6	0.35	0.23
GNRC065	33	6	0.00	2.1	4.9	2.1	0.05	0.01
GNRC066	NSI
GNRC067	NSI

Commentary
inc	32	5	1.0	3.6	0.73	1.4	0.01	0.20
GNDD082	168.00	15.00	0.68	0.39	0.04	0.70	0.00	0.01	2
inc	168.00	1.00	2.4	0.46	0.11	2.4	0.00	0.02
inc	175.00	0.50	10.0	5.6	0.44	10.2	0.01	0.20
and	193.40	34.10	1.45	1.0	0.25	1.6	0.02	0.13	2
inc	193.40	1.00	2.2	7.9	1.6	3.0	0.14	1.7
inc	203.50	0.90	2.6	10.6	2.9	4.0	0.16	1.4
inc	209.80	2.20	0.59	4.5	0.74	1.0	0.03	0.25
and	235.00	31.00	0.4	0.6	0.08	0.43	0.00	0.00
inc	242.50	1.50	1.0	2.1	0.21	1.1	0.01	0.01
GNDD083	11.00	21.00	0.22	10.0	0.15	0.41	0.00	0.01	2
inc	19.20	1.80	1.0	6.1	0.10	1.1	0.00	0.00
and	170.00	1.00	1.3	3.6	0.22	1.4	0.02	0.26
GNRC084	4	1	1.2	2.0	0.07	1.2	0.00	0.06
and	41	3	5.2	6.4	5.0	7.5	0.08	0.14
and	60	4	3.6	11.6	5.0	6.0	0.02	0.05
and	78	21	0.81	2.6	0.08	0.88	0.00	0.00	2
inc	91	1	6.7	10.7	0.42	7.0	0.01	0.00
and	97	2	1.6	1.2	0.03	1.6	0.01	0.00
and	143	2	0.67	4.9	0.87	1.1	0.00	0.01
GNDD085	22.50	1.30	5.47	75.6	0.08	6.5	0.01	0.09
and	39.30	2.20	2.11	2.4	0.55	2.4	0.01	0.24
GNRC086	3	21	0.38	1.5	0.33	0.55	0.01	0.08	2
inc	4	1	0.85	3.4	0.89	1.3	0.03	0.27
and	22	2	2.9	1.9	0.08	3.0	0.01	0.03
GNRC087	22	4	0.65	15.9	0.26	1.0	0.00	0.04
GNDD088A	45.05	23.45	0.07	0.23	0.53	0.31	0.00	0.01	2
and	90.50	1.50	1.8	0.10	0.01	1.8	0.00	0.00
and	224.00	39.00	5.5	2.0	0.30	5.6	0.01	0.00	2
incl	231.50	14.40	14.4	3.3	0.67	14.8	0.00	0.00
incl	238.50	7.40	23.4	5.7	1.27	24.1	0.01	0.01	1
GNDD089	20.00	30.00	0.95	1.69	0.09	1.0	0.00	0.02	2
inc	22.00	2.00	1.4	2.7	0.18	1.5	0.00	0.00
inc	30.50	1.70	2.9	2.3	0.12	3.0	0.00	0.01
inc	40.00	10.00	1.4	0.55	0.09	1.4	0.00	0.02
and	94.50	21.70	0.88	1.59	0.43	1.1	0.00	0.04	2
inc	94.50	5.10	2.4	1.6	0.06	2.4	0.01	0.07

Commentary
inc	102.50	1.50	1.9	1.5	0.15	2.0	0.01	0.03
inc	109.00	1.50	1.8	11.3	0.32	2.1	0.01	0.16
GNRC090	7	13	0.35	2.7	0.25	0.49	0.01	0.07	2
inc	14	1	1.1	7.3	0.45	1.4	0.02	0.21
GNRC091	30	24	0.38	3.7	0.20	0.51	0.01	0.10	2
inc	43	4	1.4	3.5	0.40	1.6	0.01	0.36
GNDD092	164.50	9.00	0.29	0.72	0.12	0.35	0.00	0.05	2
and	213.00	17.00	0.23	0.63	0.06	0.26	0.00	0.04	2
and	257.50	1.00	3.6	5.9	0.60	3.9	0.05	0.21
GNDD093	75.30	1.40	2.1	10.6	7.8	5.6	0.18	0.22
and	153.65	0.50	1.4	7.3	0.17	1.6	0.11	0.03
GNRC094	13	12	0.83	4.6	0.44	1.1	0.01	0.06	2
inc	13	1	1.1	6.3	0.17	1.2	0.02	0.12
inc	17	1	8.3	20.6	0.27	8.7	0.06	0.52
inc	23	1	0.21	4.5	3.8	1.9	0.01	0.03
GNDD095	47.00	17.47	0.28	1.0	0.44	0.49	0.02	0.09	2
inc	50.00	1.30	1.0	0.92	2.8	2.3	0.18	0.61
and	121.00	1.00	2.6	1.7	0.01	2.6	0.00	0.00
GNDD096	NSI
GNRC097	49	8	0.39	2.2	0.04	0.44	0.00	0.02	2
inc	50	1	1.1	2.8	0.03	1.2	0.00	0.03
GNRC098	40	19	0.21	1.8	0.19	0.32	0.01	0.16	2
and	88	8	4.9	4.5	0.76	5.3	0.02	0.07	2
inc	88	2	15.6	15.9	2.8	17.0	0.07	0.20	2
inc	94	2	2.6	1.2	0.13	2.7	0.00	0.03
GNDD099	53.00	2.80	0.42	19.8	2.0	1.5	0.09	0.33
and	64.00	0.90	3.1	9.7	0.22	3.3	0.01	0.01
and	101.00	1.00	2.9	64.4	0.04	3.7	0.01	0.04
GNDD100	NSI
GNDD101	NSI
GNDD102	36.00	11.00	0.59	3.2	0.18	0.71	0.01	0.11	2
inc	36.00	2.00	1.5	5.9	0.13	1.6	0.01	0.14
and	77.40	8.90	0.10	2.5	0.82	0.49	0.01	0.06	2
inc	84.30	0.90	-	1.3	3.3	1.4	0.02	0.03
GNDD103	NSI
GNRC104	141	1	45.6	40.0	2.6	47.2	0.25	3.4	1
GNDD105	NSI

Commentary
GNDD106	100.00	25.00	0.66	0.29	0.01	0.67	0.00	0.00	2
inc	114.00	1.50	1.8	1.7	0.01	1.8	0.00	0.00
inc	121.00	4.00	2.6	0.34	0.01	2.6	0.00	0.00
and	141.35	1.05	1.2	2.8	0.84	1.6	0.01	0.01
and	205.00	8.00	0.48	1.0	0.02	0.50	0.00	0.00	2
inc	211.00	2.00	1.1	2.2	0.03	1.1	0.00	0.00
GNRC107	16	27	3.6	14.8	0.25	3.9	0.01	0.1	2
inc	23	1	0.17	74.4	0.07	1.1	0.01	0.1
inc	29	2	1.2	12.2	0.06	1.3	0.01	0.1
inc	35	7	13.3	12.6	0.80	13.8	0.02	0.3
and	52	1	0.18	73.2	0.11	1.2	0.00	0.1
and	93	1	0.12	51.2	3.1	2.1	0.03	0.65
GNDD108	NSI
GNDD109	NSI
GNRC110	11	44	2.8	62.7	0.05	3.7	0.01	0.25	2
inc	12	1	1.7	1.0	0.00	1.7	0.00	0.04
inc	20	11	1.8	37.2	0.02	2.3	0.01	0.37
inc	36	12	8.3	190	0.12	10.7	0.02	0.51
inc	41	3	27.3	613	0.05	35.1	0.03	0.87	1
GNRC111	31	18	0.31	12.2	0.13	0.52	0.01	0.03	2
inc	33	1	1.3	59.4	0.02	2.1	0.01	0.27
inc	41	1	2.1	82.7	0.01	3.2	0.01	0.10
GNDD112	95.00	0.40	0.5	26.6	6.0	3.5	0.10	1.9
GNDD113	149.50	37.50	0.59	17.0	0.12	0.86	0.01	0.08	2
inc	151.00	9.00	1.3	56.2	0.17	2.1	0.05	0.11
inc	170.50	1.50	1.7	5.7	0.33	2.0	0.01	0.11
and	219.00	11.00	0.79	2.2	0.08	0.86	0.00	0.08	2
inc	223.00	7.00	1.1	2.5	0.09	1.1	0.00	0.05
GNDD113A	61.00	2.00	0.59	2.6	0.74	0.95	0.03	0.07
and	139.00	107.00	0.30	3.0	0.09	0.37	0.00	0.04	2
inc	185.00	1.40	1.6	2.5	0.07	1.7	0.00	0.05
inc	197.00	2.00	1.2	0.94	0.17	1.3	0.00	0.04
inc	202.00	1.50	3.2	2.4	0.90	3.6	0.02	0.16
inc	209.00	2.00	1.2	1.9	0.25	1.3	0.01	0.25
and	262.00	104.00	1.5	2.7	0.39	1.7	0.01	0.12	2
inc	266.00	2.00	1.0	1.8	0.22	1.1	0.00	0.02
inc	274.00	2.00	1.3	1.4	0.06	1.3	0.00	0.01

Commentary
GNDD124	44.00	7.00	0.08	3.6	0.65	0.40	0.02	0.13	2
GNDD125	NSI
GNDD126	107.30	1.10	12.8	10.3	0.74	13.3	0.00	0.16	1
and	120.00	2.00	3.2	3.6	0.16	3.4	0.01	0.00
and	157.30	0.50	1.0	22.1	2.2	2.2	0.11	2.3
and	179.00	2.00	1.7	0.62	0.01	1.7	0.00	0.00
GNDD127	NSI
GNDD128	63.00	20.00	0.49	0.42	0.02	0.50	0.00	0.00	2
inc	77.50	1.50	4.1	0.36	0.04	4.1	0.00	0.00
GNDD129	15.00	21.00	0.72	1.8	0.10	0.79	0.00	0.05	2
inc	24.00	10.00	1.0	2.1	0.13	1.1	0.00	0.04
and	132.50	0.70	6.7	14.1	0.15	7.0	0.01	0.12
GNDD130	NSI
GNDD131	NSI
GNDD134	17.70	15.30	0.80	7.5	0.07	0.92	0.00	0.11	2
inc	19.00	10.00	1.04	9.9	0.08	1.2	0.01	0.12
and	47.00	39.75	0.26	0.5	0.10	0.31	0.00	0.04	2
and	129.50	7.50	0.45	0.5	0.06	0.48	0.00	0.02	2
and	161.00	20.00	0.29	3.6	0.23	0.44	0.01	0.03	2
inc	177.50	0.50	3.79	29.8	5.23	6.4	0.16	0.10
and	196.00	4.00	5.3	86.2	10.60	11.0	0.24	0.57
and	240.00	2.00	6.2	1.3	0.02	6.2	0.00	0.00
and	272.00	50.00	0.22	0.5	0.14	0.28	0.00	0.00	2
and	500.10	0.95	2.3	8.1	0.16	2.5	0.21	0.00
and	519.00	20.00	0.73	0.7	1.80	1.5	0.02	0.00	2
inc	529.50	2.90	4.7	3.6	11.6	9.8	0.12	0.00
and	560.25	17.75	0.20	0.7	0.38	0.37	0.01	0.00	2
inc	560.25	0.75	0.09	2.0	4.94	2.3	0.05	0.00
inc	570.20	0.50	1.22	9.6	2.36	2.4	0.17	0.02
and	630.30	0.70	0.9	1.6	0.21	1.0	0.18	0.00
GNDD137	27.00	38.00	0.38	1.1	0.05	0.42	0.00	0.02	2
inc	33.00	4.00	1.70	1.2	0.13	1.8	0.00	0.02
and	186.25	1.35	8.12	29.5	7.3	11.6	0.12	0.03
GNDD139	80.00	207.50	0.75	1.7	0.10	0.82	0.00	0.02	2
inc	80.00	32.00	1.6	2.5	0.06	1.6	0.00	0.03
inc	148.00	4.25	1.2	3.8	0.15	1.3	0.00	0.09
inc	167.00	14.00	1.5	0.32	0.01	1.5	0.00	0.01

Commentary
inc	243.00	9.00	2.4	3.7	0.62	2.8	0.00	0.01
inc	266.00	6.00	1.6	0.61	0.01	1.6	0.00	0.00
	243.00	29.00	1.2	1.6	0.24	1.3	0.00	0.00	4
GNDD141	101.50	6.50	14.3	43.6	3.4	16.3	0.15	1.6	2
inc	101.50	2.50	36.8	111	8.6	41.9	0.30	4.2	1
GNDD142	55.8	0.7	0.7	13.3	4.0	2.7	0.05	0.03
and	81.5	27.5	2.4	11.1	0.9	2.9	0.03	0.06	2
inc	92.0	11.5	5.4	19.9	2.0	6.5	0.08	0.13
inc	107.0	2.0	0.9	5.3	0.2	1.0	0.00	0.03
and	125.0	11.0	0.3	3.2	0.1	0.39	0.00	0.01	2
inc	132.9	1.1	1.6	4.6	0.1	1.7	0.01	0.08
and	152.0	40.0	5.1	11.7	1.9	6.1	0.05	0.12	2
inc	153.1	1.0	23.4	40.1	13.5	29.8	0.34	0.00	1
inc	160.0	10.7	10.7	28.4	4.9	13.2	0.13	0.15
inc	166.2	4.5	23.9	41.3	11.0	29.2	0.29	0.27	1
inc	177.2	12.8	5.2	9.3	0.7	5.6	0.02	0.24
inc	187.1	1.0	44.0	53.8	6.5	47.5	0.15	2.1	1
and	237.0	0.5	1.1	2.7	0.1	1.2	0.01	0.17
	81.5	110.5	2.5	7.4	0.9	3.0	0.03	0.06	3
GNDD143	NSI
GNDD145	NSI
GNDD148	16.00	7.00	0.14	1.7	0.43	0.35	0.01	0.18	2
and	59.00	2.00	0.00	1.0	2.7	1.2	0.01	0.01
GNDD149	8.00	4.00	0.63	1.5	0.28	0.77	0.01	0.07
GNDD151	379.75	0.50	0.71	18.6	8.9	4.8	0.17	0.17
GNDD155	59.00	209.00	1.0	1.4	0.09	1.1	0.00	0.02	2
inc	59.00	34.00	3.8	4.6	0.20	3.9	0.02	0.03
inc	81.00	4.00	13.4	10.5	0.06	13.5	0.05	0.02
inc	102.00	6.00	1.2	1.1	0.10	1.2	0.00	0.03
	59.00	49.00	2.8	3.6	0.16	3.0	0.01	0.02	4
inc	151.55	0.45	7.7	2.9	4.5	9.6	0.00	0.10
inc	182.00	1.00	8.8	17.1	2.2	10.0	0.07	0.89
inc	224.00	2.00	2.0	0.29	0.01	2.0	0.00	0.00
inc	244.00	11.00	1.1	0.56	0.04	1.1	0.00	0.00
inc	266.00	0.55	1.8	1.2	0.02	1.8	0.00	0.00
and	338.00	9.00	0.41	0.33	0.05	0.43	0.00	0.00	2
GNDD156	5.00	7.00	0.68	3.0	0.70	1.0	0.02	0.15

Commentary
GNDD157	20.00	66.00	0.52	1.1	0.08	0.57	0.00	0.07	2
inc	54.00	10.00	2.2	1.8	0.14	2.3	0.00	0.24
and	132.90	10.00	0.18	6.6	0.52	0.48	0.01	0.08	2
inc	132.90	0.50	0.88	13.1	1.4	1.6	0.03	0.67
inc	142.30	0.60	1.0	29.1	6.6	4.2	0.11	0.33
and	237.20	130.80	2.3	1.6	0.37	2.5	0.00	0.01	2
inc	237.20	0.80	1.7	59.1	5.6	4.9	0.18	1.2
inc	255.80	1.20	0.63	5.3	9.4	4.8	0.01	0.01
inc	289.00	12.00	20.4	4.8	1.0	20.9	0.00	0.00
inc	290.50	4.06	55.7	12.9	2.1	56.8	0.01	0.01	1
inc	321.00	2.00	1.3	0.6	0.01	1.3	0.00	0.00
inc	331.00	6.00	2.5	1.9	0.61	2.8	0.01	0.01
inc	343.00	9.00	1.7	0.6	0.10	1.7	0.00	0.00
and	407.50	0.50	2.2	1.2	0.37	2.4	0.00	0.00
GNDD159	NSI
GNDD163	93.00	45.00	0.38	1.7	0.26	0.51	0.01	0.08	2
inc	101.00	3.00	1.3	7.9	0.51	1.6	0.01	0.19
inc	125.20	1.65	1.7	3.7	0.88	2.2	0.02	0.13
GNDD164	136.00	22.00	0.38	0.8	0.14	0.45	0.00	0.03	2
inc	141.50	0.50	1.1	1.1	0.29	1.2	0.00	0.03
inc	150.00	1.60	1.4	1.2	0.06	1.4	0.00	0.02
and	171.00	10.00	0.48	0.23	0.01	0.48	0.00	0.00	2
inc	171.00	2.00	1.1	0.23	0.01	1.1	0.00	0.00
and	239.00	37.00	0.75	2.1	0.46	1.0	0.02	0.00	2
inc	239.00	4.45	4.9	14.9	3.4	6.5	0.14	0.01
GNDD167	NSI
GNDD169	120.00	60.80	0.78	0.74	0.15	0.86	0.01	0.01	2
inc	152.00	28.80	1.5	1.22	0.31	1.70	0.01	0.02
inc	152.00	1.50	1.8	3.8	0.91	2.3	0.02	0.02
inc	176.00	4.80	8.4	5.3	1.5	9.2	0.05	0.09
inc	180.05	0.75	52.5	33.2	9.6	57.1	0.32	0.60
and	208.00	125.50	1.1	3.6	0.09	1.1	0.00	0.03	2
inc	208.00	71.00	1.7	6.0	0.15	1.8	0.01	0.05	2
inc	228.80	29.00	3.7	12.5	0.26	4.0	0.02	0.11
inc	302.50	9.00	0.92	0.46	0.02	0.94	0.00	0.00	2
inc	307.70	1.30	4.7	0.80	0.01	4.7	0.00	0.00
inc	321.00	12.50	0.26	0.92	0.02	0.28	0.00	0.00	2

Commentary
inc	24.0	1.0	0.78	4.5	22.4	10.6	0.02	0.12	1
inc	54.0	17.0	5.9	45.2	1.5	7.1	0.17	1.1
inc	55.0	1.0	21.4	37.5	1.5	22.5	0.40	0.47	1
inc	62.0	2.0	12.1	256	5.8	17.8	0.72	4.3	1
inc	68.0	2.0	17.5	53.8	2.4	19.2	0.17	1.9	1
and	173.0	4.0	0.05	2.5	2.9	1.4	0.06	0.03	2
inc	175.0	2.0	0.08	3.2	5.4	2.4	0.11	0.06
and	190.0	33.0	0.74	20.6	2.6	2.1	0.14	0.10	2
inc	191.0	29.0	0.83	22.7	2.9	2.4	0.16	0.12
inc	192.0	1.0	0.36	291	26.2	15.4	2.5	1.5	1
inc	215.0	1.0	14.8	27.6	1.0	15.6	0.04	0.95	1
and	241.0	1.0	0.85	14.6	0.48	1.2	0.02	0.41
and	291.0	6.0	0.27	5.8	0.69	0.64	0.02	0.17	2
inc	295.0	1.0	0.60	7.9	1.8	1.5	0.06	0.28
and	341.0	4.0	1.2	1.5	0.10	1.2	0.01	0.04	2
inc	343.0	2.0	1.7	2.5	0.11	1.8	0.01	0.05
RNNV10_05	0.0	2.0	0.12	9.1	0.16	0.30	0.00	0.03	2
RNNV10_06	0.0	10.0	1.4	90.9	7.2	5.7	0.83	0.23	2
inc	0.0	9.0	1.5	99.6	8.0	6.2	0.81	0.26
inc	7.0	1.0	0.05	36.5	30.0	13.5	0.17	0.18	1
RNNV10_07	0.0	4.0	0.16	4.4	1.1	0.68	0.06	0.05	2
inc	3.0	1.0	0.33	14.8	3.2	1.9	0.21	0.17
RNNV10_08	1.0	3.0	20.9	92.4	3.9	23.8	0.14	2.7	2
inc	1.0	2.0	31.2	137	5.6	35.4	0.21	4.04	1
RNNV10_09	NSI
RNNV10_10	0.0	2.0	0.20	3.3	0.31	0.38	0.00	0.04	2
RNNV11-01	0.0	96.5	9.8	81.8	10.6	15.4	0.62	0.99
MUNV10-01	0.00	15.28	0.19	9.0	0.12	0.35	0.02	0.16	2
MUNV10-02	4.16	24.91	2.0	12.1	2.4	3.2	0.11	0.30
MUNV10-03	0.00	3.81	3.1	55.2	8.0	7.3	0.43	1.1
MUNV10-04	0.00	4.28	2.1	109	2.8	4.7	2.8	1.6
MGNV10-01	2.00	44.34	0.33	5.2	0.19	0.48	0.01	0.04	2
inc	44.67	1.66	5.9	96.9	2.3	8.1	0.13	0.16
MGNV10-02	0.00	22.47	9.8	21.0	6.5	12.9	0.11	0.45
inc	0.00	4.21	34.7	29.4	22.1	44.7	0.32	1.9	1
inc	8.39	2.54	14.1	93.7	0.67	15.6	0.13	0.29	1
inc	15.92	2.77	8.2	18.1	0.15	8.5	0.03	0.25	1