COPPERMOLY LIMITED — Capital/Financing Update 2017

Apr 18, 2017

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ADDRESS PHONE PO Box 6965 +61 (07) 5510 3994 Gold Coast Mail Centre FAX Qld 9726Australia +61 (07) 5510 3997 EMAIL info@coppermoly.com.au ABN 54 126 490 855 WEBSITE www.coppermoly.com.au

ASX Announcement

19 April 2017

ASX Code: COY

COPPERMOLY RECEIVES REMAINING RESULTS FOR NAKRU 1 PROSPECT

Coppermoly Ltd ( Coppermoly or the Company ) is pleased to announce that it has received the remaining certified assay results for the Nakru 1 prospect following the recently completed exploration drilling program at the Company’s most advanced project, EL 1043 the Mt Nakru Copper-Gold project.

A total of 14 diamond core holes were drilled during the program for a total of 2,900.2 metres as part of an infill drilling program aimed at upgrading the resource to an indicated category at Nakru 1 and testing the extension of mineralisation at Nakru 2.

The certified assay results for all the nine holes drilled at the Nakru 1 prospect have now been received. The six remaining holes are reported in this release. There are five holes at Nakru 2 prospect for which assays are still pending. These will be reported as soon as the certified results are received.

Coppermoly Director, Dr Wanfu Huang said:

“The recent results received for the Nakru 1 prospect are extremely encouraging and the Company is now in a position to use this new information to update the model. This work is expected to commence immediately.”

This drilling has identified high grade copper and gold mineralisation extending over significant intersections only being interrupted by later stage mafic dykes and sills. These intrusives are easily identified and will not dilute the mineralised material during extraction.

The geometry of the mineralisation and relatively flat geological contacts intersected in the drilling indicates that this deposit may be associated to a volcanogenic hosted massive sulphide style. The breadth and depth of this mineralised envelope is yet to be defined, and will be tested with further drilling.

This deposit also contains a supergene enrichment blanket adjacent to the base of oxidation where secondary enrichment of the sulphides, particularly copper in the form of chalcocite has taken place. This varies in thickness from a metre to over 10 metres in some parts. This zone is relatively close to the surface, is higher in grade and is relatively soft.

In addition to this, later stage quartz sulphide veins have possibly cut through the previously mineralised zones adding more grade, and gold credits to the prospect.

Page 1 of 25

Significant intercepts from the recent results include:

• NAK11602 intersected 4.0m @ 1.76 g/t Au from 24m

• NAK11602 intersected 55.20 m @ 1.11% Cu from 54.00m including 4.00m @ 1.99g/t Au excluding 14.8m mafic intrusives

• NAK11603 intersected 1.45m @ 1.2% Cu from 40.55m

• NAK11603 intersected 4.0m @ 1.34% Cu from 64.0m

• NAK11603 intersected 9.8m @ 0.99% Cu from 72.0m

• NAK11603 intersected 8.0m @ 1.13% Cu from 90.0m

• NAK11603 intersected 27.42m @ 1.10% Cu from 134.00m including 4.40m @ 1.8g/t Au excluding 2.78m mafic intrusives

• NAK11604 intersected 12.00m @ 3.52g/t Au from 6.00m

• NAK11604 intersected 28.00m @ 1.01% Cu from 26.00m including 3.5 m @ 2.12% Cu

• NAK11604 intersected 50.40m @ 1.45% Cu from 114.00m excluding 3.6m mafic intrusives

• NAK11607 intersected 4.00m @ 11.10g/t Au from 4.00m

• NAK11607 intersected 4.00m @ 1.72g/t Au from 64.00m

• NAK11607 intersected 49.66m @ 1.84% Cu and 2.66/t Au from 74.00m

• NAK11607 intersected 14.00m @1.45% Cu and 1.11g/t Au from 142.00m

• NAK11609 intersected 10.00m @ 0.86% Cu from 30.00m

• NAK11609 intersected 2.00m @ 1.04% Cu from 132.00m

• NAK11609 intersected 4.90m @ 2.32g/t Au from 140.00m

• NAK11611 intersected 19.10m @ 3.64% Cu and 0.2 g/t Au from 30.00m

• NAK11611 intersected 2.00m @ 4.25g/t Au from 174.00m

Page 2 of 25

Figure 1 is a plan of Nakru 1 indicating the location of all the drill holes completed to date.

Sections through the completed holes can be seen on Figures 2 and 3. These highlight elevated concentrations of copper and gold including the supergene enriched blanket intersected in the drilling.

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Figure 1- Drill plan Nakru 1 showing location of recent drill holes NAK11602 - NAK11611, and historic holes.

Page 3 of 25

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Figure 2 - Section through NAK11602, NAK11604, NAK11606, NAK11607, NAK11609 and NAK11611

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Figure 3 - Section through NAK11603, NAK11604 and BWNBDD0009

Page 4 of 25

The list of certified assay results for Au, Cu and Ag received and reported can be seen in the table below.

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11602	0.00	2.00	2.00	0.041	284	<0.1
NAK11602	2.00	4.00	2.00	0.301	197	<0.1
NAK11602	4.00	6.00	2.00	0.05	202	<0.1
NAK11602	6.00	8.00	2.00	0.113	291	0.3
NAK11602	8.00	10.00	2.00	0.067	193	<0.1
NAK11602	10.00	12.00	2.00	0.089	477	<0.1
NAK11602	12.00	14.00	2.00	0.573	286	0.4
NAK11602	14.00	16.00	2.00	0.938	896	1
NAK11602	16.00	18.00	2.00	0.026	124	0.2
NAK11602	18.00	20.00	2.00	0.012	175	<0.1
NAK11602	20.00	22.00	2.00	0.032	352	0.4
NAK11602	22.00	24.00	2.00	0.01	93	<0.1
NAK11602	24.00	26.00	2.00	2.79	886	5.1
NAK11602	26.00	28.00	2.00	0.727	2191	38.5
NAK11602	28.00	30.00	2.00	0.017	1812	8.3
NAK11602	30.00	32.00	2.00	0.031	274	2.4
NAK11602	32.00	34.00	2.00	0.098	3168	1
NAK11602	34.00	36.00	2.00	0.039	297	0.2
NAK11602	36.00	38.00	2.00	0.017	645	0.2
NAK11602	38.00	40.00	2.00	0.052	1026	0.3
NAK11602	40.00	42.00	2.00	0.047	1653	0.3
NAK11602	42.00	44.00	2.00	0.048	3129	0.5
NAK11602	44.00	46.00	2.00	0.037	2941	0.4
NAK11602	46.00	48.00	2.00	0.034	1133	0.3
NAK11602	48.00	50.00	2.00	0.098	3207	0.9
NAK11602	50.00	52.00	2.00	0.078	1657	0.5
NAK11602	52.00	54.00	2.00	0.09	3057	0.6
NAK11602	54.00	56.00	2.00	0.359	15206	3
NAK11602	56.00	58.00	2.00	0.37	8089	1.4
NAK11602	58.00	59.90	1.90	0.197	4325	0.9
NAK11602	59.90	61.10	1.20	0.01	100	<0.1
NAK11602	61.10	62.50	1.40	0.335	7700	2.1
NAK11602	62.50	64.00	1.50	0.172	9603	1.4
NAK11602	64.00	66.00	2.00	0.138	9440	1.3
NAK11602	66.00	68.00	2.00	0.236	11546	1.7
NAK11602	68.00	70.67	2.67	0.251	12631	1.6
NAK11602	70.67	72.00	1.33	0.074	4756	0.7
NAK11602	72.00	74.00	2.00	0.131	8156	0.8
NAK11602	74.00	76.00	2.00	2.27	25628	3.7
NAK11602	76.00	78.00	2.00	1.71	36810	4.9
NAK11602	78.00	80.30	2.30	0.263	6789	1.5
NAK11602	80.30	82.30	2.00	0.021	268	0.2
NAK11602	82.30	84.00	1.70	0.338	9914	1.3
NAK11602	84.00	86.00	2.00	0.108	1805	0.5

Page 5 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11602	86.00	89.00	3.00	0.014	281	0.1
NAK11602	89.00	91.10	2.10	0.182	8154	1.1
NAK11602	91.10	94.00	2.90	0.011	150	<0.1
NAK11602	94.00	96.00	2.00	0.222	5802	0.8
NAK11602	96.00	98.00	2.00	0.287	9203	2.2
NAK11602	98.00	100.00	2.00	0.732	10511	2.2
NAK11602	100.00	102.00	2.00	0.209	8993	1.3
NAK11602	102.00	104.00	2.00	0.19	8877	1.2
NAK11602	104.00	106.00	2.00	0.174	11359	1.5
NAK11602	106.00	108.00	2.00	0.199	11060	1.3
NAK11602	108.00	110.00	2.00	0.345	13589	1.7
NAK11602	110.00	112.30	2.30	0.299	13595	1.4
NAK11602	112.30	114.00	1.70	0.03	1580	0.2
NAK11602	114.00	116.00	2.00	<0.005	33	<0.1
NAK11602	116.00	118.00	2.00	0.109	11863	1.1
NAK11602	118.00	120.00	2.00	0.074	4179	0.5
NAK11602	120.00	122.00	2.00	0.091	7091	0.7
NAK11602	122.00	124.00	2.00	0.301	12206	1.5
NAK11602	124.00	126.00	2.00	0.101	5531	1
NAK11602	126.00	128.00	2.00	0.18	3294	0.8
NAK11602	128.00	130.00	2.00	0.094	1136	0.4
NAK11602	130.00	132.00	2.00	0.011	80	<0.1
NAK11602	132.00	134.20	2.20	<0.005	9	<0.1
NAK11602	134.20	136.00	1.80	0.048	2076	0.3
NAK11602	136.00	138.10	2.10	0.038	1419	0.2
NAK11603	0.00	2.00	2.00	0.013	340	0.2
NAK11603	2.00	4.00	2.00	0.008	234	0.2
NAK11603	4.00	6.00	2.00	<0.005	132	0.1
NAK11603	6.00	8.00	2.00	<0.005	102	<0.1
NAK11603	8.00	10.00	2.00	0.006	176	<0.1
NAK11603	10.00	12.00	2.00	0.006	386	0.3
NAK11603	12.00	14.00	2.00	<0.005	447	0.3
NAK11603	14.00	16.00	2.00	0.007	646	0.2
NAK11603	16.00	18.00	2.00	<0.005	1076	0.2
NAK11603	18.00	20.00	2.00	<0.005	668	<0.1
NAK11603	20.00	22.00	2.00	<0.005	122	<0.1
NAK11603	22.00	24.00	2.00	<0.005	100	<0.1
NAK11603	24.00	26.00	2.00	0.011	54	<0.1
NAK11603	26.00	28.00	2.00	0.02	516	0.1
NAK11603	28.00	29.27	1.27	<0.005	957	<0.1
NAK11603	29.27	30.00	0.73	0.028	2028	0.6
NAK11603	30.00	32.00	2.00	0.024	3953	0.4
NAK11603	32.00	34.00	2.00	0.018	3640	0.4
NAK11603	34.00	36.00	2.00	0.067	5781	0.7
NAK11603	36.00	38.00	2.00	<0.005	1000	0.2

Page 6 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11603	38.00	40.55	2.55	<0.005	1599	<0.1
NAK11603	40.55	42.00	1.45	0.016	11987	0.7
NAK11603	42.00	44.00	2.00	<0.005	331	<0.1
NAK11603	44.00	46.40	2.40	0.01	2022	0.1
NAK11603	46.40	48.00	1.60	0.032	2212	0.4
NAK11603	48.00	50.00	2.00	0.05	795	0.2
NAK11603	50.00	52.00	2.00	0.029	3446	0.3
NAK11603	52.00	54.00	2.00	0.033	559	0.1
NAK11603	54.00	56.00	2.00	0.031	2935	0.2
NAK11603	56.00	58.00	2.00	0.097	7895	0.7
NAK11603	58.00	60.00	2.00	0.038	4074	0.6
NAK11603	60.00	62.00	2.00	0.183	4041	0.6
NAK11603	62.00	64.00	2.00	0.09	2871	0.5
NAK11603	64.00	65.70	1.70	0.341	17410	2
NAK11603	65.70	68.00	2.30	0.083	10393	0.9
NAK11603	68.00	69.00	1.00	0.042	3969	0.4
NAK11603	69.00	71.00	2.00	<0.005	128	<0.1
NAK11603	71.00	72.20	1.20	0.04	2600	0.3
NAK11603	72.20	74.70	2.50	0.063	8434	0.6
NAK11603	74.70	76.00	1.30	0.067	6181	0.5
NAK11603	76.00	78.00	2.00	0.093	10700	0.8
NAK11603	78.00	80.00	2.00	0.097	7770	0.8
NAK11603	80.00	82.00	2.00	0.324	15702	1.4
NAK11603	82.00	84.00	2.00	0.091	6455	0.7
NAK11603	84.00	86.00	2.00	0.039	1702	0.2
NAK11603	86.00	88.00	2.00	0.051	3407	0.3
NAK11603	88.00	90.00	2.00	0.041	3391	0.4
NAK11603	90.00	92.00	2.00	1.45	21491	7.5
NAK11603	92.00	94.00	2.00	0.088	7150	0.7
NAK11603	94.00	96.00	2.00	0.101	7103	0.7
NAK11603	96.00	98.00	2.00	0.587	9379	1.2
NAK11603	98.00	100.00	2.00	0.082	4164	0.4
NAK11603	100.00	102.35	2.35	0.055	3085	0.3
NAK11603	102.35	104.10	1.75	<0.005	68	<0.1
NAK11603	104.10	106.00	1.90	0.069	2105	0.2
NAK11603	106.00	108.00	2.00	0.351	7845	0.7
NAK11603	108.00	110.00	2.00	0.304	5155	0.9
NAK11603	110.00	112.00	2.00	0.1	4595	0.4
NAK11603	112.00	114.00	2.00	0.058	2767	0.3
NAK11603	114.00	116.00	2.00	0.07	2295	0.3
NAK11603	116.00	118.00	2.00	0.056	2173	0.2
NAK11603	118.00	120.00	2.00	0.4	5451	0.6
NAK11603	120.00	122.00	2.00	0.062	2774	0.4
NAK11603	122.00	124.00	2.00	0.077	3081	0.5
NAK11603	124.00	125.70	1.70	0.046	2596	0.4

Page 7 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11603	125.70	127.76	2.06	0.006	14	<0.1
NAK11603	127.76	129.40	1.64	0.043	1247	0.2
NAK11603	129.40	130.50	1.10	0.049	2215	0.4
NAK11603	130.50	131.16	0.66	0.008	35	<0.1
NAK11603	131.16	132.00	0.84	0.046	2312	0.3
NAK11603	132.00	134.00	2.00	0.089	5728	0.7
NAK11603	134.00	136.00	2.00	2.2	11009	1.7
NAK11603	136.00	138.20	2.20	1.61	12670	2.5
NAK11603	138.20	140.00	1.80	0.012	73	<0.1
NAK11603	140.00	142.00	2.00	0.5	9161	1.4
NAK11603	142.00	144.00	2.00	0.144	6731	1
NAK11603	144.00	146.00	2.00	0.275	11707	1.7
NAK11603	146.00	148.00	2.00	0.82	17321	4.4
NAK11603	148.00	150.00	2.00	0.332	15025	3.5
NAK11603	150.00	152.00	2.00	0.117	7140	1.4
NAK11603	152.00	154.00	2.00	0.25	7579	5
NAK11603	154.00	156.00	2.00	0.1	4097	0.9
NAK11603	156.00	158.00	2.00	0.645	23553	5.2
NAK11603	158.00	160.20	2.20	0.088	7090	1.4
NAK11603	160.20	161.18	0.98	0.008	81	<0.1
NAK11603	161.18	162.16	0.98	0.068	6821	1
NAK11603	162.16	164.00	1.84	1.67	13793	7.4
NAK11603	164.00	166.00	2.00	0.08	4009	0.9
NAK11603	166.00	168.00	2.00	0.046	3621	0.6
NAK11603	168.00	170.00	2.00	0.023	579	0.2
NAK11603	170.00	172.00	2.00	0.048	1952	0.5
NAK11603	172.00	173.40	1.40	0.05	2415	0.6
NAK11603	173.40	175.00	1.60	0.056	2585	0.7
NAK11603	175.00	175.50	0.50	0.04	1222	0.5
NAK11603	175.50	176.70	1.20	0.053	917	0.6
NAK11603	176.70	178.00	1.30	0.059	1141	0.5
NAK11603	178.00	180.00	2.00	0.019	781	0.3
NAK11603	180.00	182.00	2.00	0.019	555	0.2
NAK11603	182.00	184.00	2.00	0.141	776	0.4
NAK11603	184.00	186.00	2.00	0.05	870	0.5
NAK11603	186.00	188.00	2.00	0.088	1004	0.4
NAK11603	188.00	190.00	2.00	0.338	1986	1
NAK11603	190.00	192.00	2.00	0.041	1012	0.5
NAK11603	192.00	194.00	2.00	0.071	2408	0.6
NAK11603	194.00	196.00	2.00	0.116	2971	0.7
NAK11603	196.00	199.20	3.20	0.123	2946	0.6
NAK11603	199.20	200.46	1.26	<0.005	58	<0.1
NAK11603	200.46	201.90	1.44	0.052	1772	0.4
NAK11603	201.90	203.00	1.10	<0.005	<1	<0.1
NAK11603	203.00	205.00	2.00	<0.005	10	<0.1

Page 8 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11603	205.00	206.70	1.70	0.008	41	<0.1
NAK11603	206.70	208.00	1.30	0.273	3510	4.1
NAK11603	208.00	210.00	2.00	0.112	3084	0.7
NAK11603	210.00	212.00	2.00	0.048	1752	0.4
NAK11603	212.00	214.00	2.00	0.049	855	0.3
NAK11603	214.00	216.00	2.00	0.066	844	0.5
NAK11603	216.00	218.50	2.50	0.076	875	0.7
NAK11603	218.50	220.00	1.50	0.027	765	0.3
NAK11603	220.00	222.00	2.00	0.03	225	0.2
NAK11603	222.00	224.00	2.00	0.021	437	0.2
NAK11603	224.00	226.00	2.00	0.04	1182	0.4
NAK11603	226.00	228.00	2.00	0.026	610	0.2
NAK11603	228.00	230.70	2.70	0.019	242	0.2
NAK11603	230.70	232.00	1.30	0.013	98	0.1
NAK11603	232.00	234.00	2.00	0.054	2161	0.5
NAK11603	234.00	236.00	2.00	0.021	1625	0.2
NAK11603	236.00	238.00	2.00	0.021	814	0.2
NAK11603	238.00	240.00	2.00	0.018	733	0.1
NAK11603	240.00	242.00	2.00	0.013	416	<0.1
NAK11603	242.00	244.00	2.00	0.017	151	<0.1
NAK11603	244.00	246.00	2.00	0.018	659	0.1
NAK11603	246.00	248.00	2.00	0.011	253	<0.1
NAK11603	248.00	250.95	2.95	0.012	1645	0.1
NAK11603	250.95	252.25	1.30	<0.005	95	0.1
NAK11603	252.25	253.80	1.55	0.011	91	<0.1
NAK11603	253.80	256.00	2.20	<0.005	64	<0.1
NAK11603	256.00	258.00	2.00	<0.005	59	<0.1
NAK11603	258.00	259.26	1.26	<0.005	57	<0.1
NAK11603	259.26	260.70	1.44	0.009	80	<0.1
NAK11604	0.00	2.00	2.00	0.401	929	0.8
NAK11604	2.00	4.00	2.00	0.039	277	0.6
NAK11604	4.00	6.00	2.00	0.152	229	0.1
NAK11604	6.00	8.00	2.00	2.55	291	0.2
NAK11604	8.00	10.00	2.00	2.41	632	0.3
NAK11604	10.00	12.00	2.00	7.88	778	0.6
NAK11604	12.00	14.00	2.00	5.87	526	0.7
NAK11604	14.00	16.00	2.00	0.708	976	0.3
NAK11604	16.00	18.00	2.00	1.73	1186	0.9
NAK11604	18.00	20.00	2.00	0.212	265	<0.1
NAK11604	20.00	22.00	2.00	0.019	652	<0.1
NAK11604	22.00	24.00	2.00	0.015	1825	0.1
NAK11604	24.00	26.00	2.00	0.011	3915	0.2
NAK11604	26.00	28.00	2.00	0.128	8691	0.8
NAK11604	28.00	30.00	2.00	0.142	12053	1.5
NAK11604	30.00	32.00	2.00	0.115	9094	1.1

Page 9 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11604	32.00	34.00	2.00	0.193	9210	1.9
NAK11604	34.00	36.00	2.00	0.121	11638	1.9
NAK11604	36.00	38.00	2.00	0.067	2394	1.6
NAK11604	38.00	40.00	2.00	0.131	4897	4.1
NAK11604	40.00	42.00	2.00	0.33	3586	15
NAK11604	42.00	44.00	2.00	0.115	25030	6.5
NAK11604	44.00	45.50	1.50	0.135	16034	4.5
NAK11604	45.50	47.00	1.50	0.009	2244	1.6
NAK11604	47.00	48.00	1.00	0.019	2443	0.6
NAK11604	48.00	50.00	2.00	0.008	2496	0.3
NAK11604	50.00	52.00	2.00	0.19	22858	7.8
NAK11604	52.00	54.00	2.00	0.287	13995	2.2
NAK11604	54.00	56.00	2.00	0.025	4640	0.4
NAK11604	56.00	58.00	2.00	0.006	64	<0.1
NAK11604	58.00	59.70	1.70	<0.005	83	<0.1
NAK11604	59.70	62.00	2.30	0.034	2119	0.3
NAK11604	62.00	64.00	2.00	0.066	8895	1.2
NAK11604	64.00	66.00	2.00	0.034	4489	0.4
NAK11604	66.00	68.00	2.00	0.095	4522	0.9
NAK11604	68.00	70.80	2.80	0.05	4777	0.6
NAK11604	70.80	72.00	1.20	0.006	377	<0.1
NAK11604	72.00	74.00	2.00	0.042	3519	0.4
NAK11604	74.00	76.00	2.00	0.051	4906	0.5
NAK11604	76.00	78.00	2.00	0.018	1316	0.1
NAK11604	8.00	80.00	72.00	0.007	772	<0.1
NAK11604	80.00	82.00	2.00	<0.005	206	<0.1
NAK11604	82.00	84.00	2.00	<0.005	41	<0.1
NAK11604	84.00	86.00	2.00	<0.005	40	<0.1
NAK11604	86.00	88.00	2.00	0.006	181	<0.1
NAK11604	88.00	90.00	2.00	<0.005	49	<0.1
NAK11604	90.00	92.00	2.00	0.011	41	<0.1
NAK11604	92.00	94.00	2.00	<0.005	38	<0.1
NAK11604	94.00	96.00	2.00	<0.005	43	<0.1
NAK11604	96.00	98.00	2.00	<0.005	35	<0.1
NAK11604	98.00	100.00	2.00	0.006	41	<0.1
NAK11604	100.00	102.00	2.00	<0.005	48	<0.1
NAK11604	102.00	104.00	2.00	0.008	37	<0.1
NAK11604	104.00	106.00	2.00	<0.005	39	<0.1
NAK11604	106.00	107.30	1.30	<0.005	144	<0.1
NAK11604	107.30	108.70	1.40	0.114	5791	0.8
NAK11604	108.70	110.00	1.30	0.076	3960	0.5
NAK11604	110.00	111.80	1.80	0.055	4302	0.5
NAK11604	111.80	112.62	0.82	0.017	1608	0.2
NAK11604	112.62	114.00	1.38	0.185	6534	0.9
NAK11604	114.00	116.00	2.00	0.643	12056	1.7

Page 10 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11604	116.00	118.00	2.00	0.571	12324	1.8
NAK11604	118.00	120.00	2.00	1.24	100498	9.9
NAK11604	120.00	122.00	2.00	0.971	41537	4.5
NAK11604	122.00	124.00	2.00	0.996	43134	4.3
NAK11604	124.00	125.10	1.10	0.056	3732	0.5
NAK11604	125.10	126.80	1.70	<0.005	204	<0.1
NAK11604	126.80	128.00	1.20	0.052	6827	0.7
NAK11604	128.00	130.00	2.00	0.161	5668	0.8
NAK11604	130.00	132.00	2.00	0.197	6234	0.9
NAK11604	132.00	134.00	2.00	0.24	11327	1.6
NAK11604	134.00	136.00	2.00	0.37	9249	1.5
NAK11604	136.00	138.00	2.00	0.284	9093	1.4
NAK11604	138.00	140.00	2.00	0.217	9136	1.4
NAK11604	140.00	142.00	2.00	0.322	16760	2.4
NAK11604	142.00	144.00	2.00	0.214	7107	1.1
NAK11604	144.00	146.00	2.00	0.085	4233	0.6
NAK11604	146.00	148.00	2.00	0.152	8950	1.3
NAK11604	148.00	150.00	2.00	0.241	11900	1.8
NAK11604	150.00	152.00	2.00	0.011	8856	3.4
NAK11604	152.00	153.10	1.10	0.056	1081	0.2
NAK11604	153.10	155.00	1.90	<0.005	211	<0.1
NAK11604	155.00	156.00	1.00	0.054	2403	0.4
NAK11604	156.00	158.00	2.00	0.031	1156	0.3
NAK11604	158.00	160.00	2.00	0.165	4745	1
NAK11604	160.00	162.00	2.00	0.228	11456	1.8
NAK11604	162.00	164.00	2.00	0.08	4351	0.7
NAK11604	164.00	166.00	2.00	0.316	3482	1.1
NAK11604	166.00	168.00	2.00	0.786	13005	2.5
NAK11604	168.00	170.30	2.30	0.084	1195	0.4
NAK11604	170.30	171.40	1.10	0.139	1553	0.5
NAK11604	171.40	173.00	1.60	<0.005	10	<0.1
NAK11604	173.00	174.35	1.35	0.337	5259	1.2
NAK11604	174.35	176.00	1.65	<0.005	20	<0.1
NAK11604	176.00	178.40	2.40	<0.005	41	<0.1
NAK11604	178.40	180.00	1.60	0.166	859	0.4
NAK11604	180.00	182.00	2.00	0.315	3467	0.8
NAK11604	182.00	184.20	2.20	0.274	4150	1
NAK11607	0.00	2.00	2.00	0.149	697	<0.1
NAK11607	2.00	4.00	2.00	0.396	777	<0.1
NAK11607	4.00	6.00	2.00	17.7	526	5.4
NAK11607	6.00	8.00	2.00	4.49	670	2.5
NAK11607	8.00	10.00	2.00	0.205	556	0.2
NAK11607	10.00	12.00	2.00	0.127	872	<0.1
NAK11607	12.00	14.00	2.00	0.128	936	<0.1
NAK11607	14.00	16.00	2.00	0.163	289	<0.1

Page 11 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11607	16.00	18.00	2.00	0.1	339	0.2
NAK11607	18.00	20.00	2.00	0.122	264	<0.1
NAK11607	20.00	22.00	2.00	0.077	298	<0.1
NAK11607	22.00	24.00	2.00	0.053	284	<0.1
NAK11607	24.00	26.00	2.00	0.161	245	0.3
NAK11607	26.00	28.00	2.00	0.139	168	0.3
NAK11607	28.00	30.00	2.00	0.171	277	0.7
NAK11607	30.00	32.50	2.50	0.099	936	0.5
NAK11607	32.50	34.75	2.25	0.028	2567	0.4
NAK11607	34.75	36.00	1.25	0.039	7932	3.9
NAK11607	36.00	38.00	2.00	0.007	523	<0.1
NAK11607	38.00	40.00	2.00	<0.005	1248	<0.1
NAK11607	40.00	42.00	2.00	<0.005	1000	0.1
NAK11607	42.00	44.00	2.00	<0.005	1222	<0.1
NAK11607	44.00	46.00	2.00	<0.005	4071	0.6
NAK11607	46.00	48.20	2.20	0.015	4266	0.3
NAK11607	48.20	50.00	1.80	0.042	2421	0.1
NAK11607	50.00	52.00	2.00	0.116	5348	0.3
NAK11607	52.00	54.00	2.00	0.12	4125	0.4
NAK11607	54.00	56.00	2.00	0.122	4804	0.3
NAK11607	56.00	58.00	2.00	0.371	332	1.4
NAK11607	58.00	60.00	2.00	0.083	453	0.5
NAK11607	60.00	62.00	2.00	0.125	210	0.7
NAK11607	62.00	64.00	2.00	0.102	184	8.9
NAK11607	64.00	66.00	2.00	2.48	389	5.5
NAK11607	66.00	68.00	2.00	0.958	507	1
NAK11607	68.00	70.00	2.00	0.203	318	3.9
NAK11607	70.00	72.00	2.00	0.235	4318	7
NAK11607	72.00	74.00	2.00	0.185	7473	6.7
NAK11607	74.00	76.00	2.00	0.226	16440	1.2
NAK11607	76.00	78.00	2.00	0.889	29314	3.4
NAK11607	78.00	80.00	2.00	0.367	8828	3.5
NAK11607	80.00	82.00	2.00	8.72	45371	17.2
NAK11607	82.00	84.55	2.55	1.35	66182	5.9
NAK11607	84.55	86.20	1.65	0.405	3120	0.8
NAK11607	86.20	88.00	1.80	2.87	31432	10.8
NAK11607	88.00	90.30	2.30	1.84	3020	1.7
NAK11607	90.30	92.00	1.70	2.66	81276	6.9
NAK11607	92.00	94.00	2.00	1.57	28706	2.4
NAK11607	94.00	96.00	2.00	0.278	11399	1.2
NAK11607	96.00	98.00	2.00	3.91	28933	5.8
NAK11607	98.00	100.00	2.00	33.6	19507	105
NAK11607	100.00	102.00	2.00	0.486	2956	0.8
NAK11607	102.00	104.00	2.00	0.718	6457	1.2
NAK11607	104.00	106.00	2.00	0.186	3543	2.2

Page 12 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11607	106.00	107.20	1.20	2.07	34851	4.3
NAK11607	107.20	108.20	1.00	0.258	4252	0.8
NAK11607	108.20	110.00	1.80	0.409	2746	0.6
NAK11607	110.00	111.66	1.66	0.275	2099	0.3
NAK11607	111.66	114.00	2.34	0.285	2424	0.5
NAK11607	114.00	116.00	2.00	0.366	12979	1.1
NAK11607	116.00	117.78	1.78	0.579	10701	1.2
NAK11607	117.78	118.61	0.83	0.031	830	0.1
NAK11607	118.61	120.00	1.39	0.451	4162	0.5
NAK11607	120.00	122.00	2.00	0.465	4641	0.9
NAK11607	122.00	123.66	1.66	2.52	8297	3.7
NAK11607	123.66	126.00	2.34	0.022	489	0.1
NAK11607	126.00	128.80	2.80	0.477	3992	0.6
NAK11607	128.80	130.22	1.42	0.029	871	0.2
NAK11607	130.22	132.16	1.94	0.279	5338	0.5
NAK11607	132.16	134.80	2.64	<0.005	246	<0.1
NAK11607	134.80	136.00	1.20	0.112	1918	0.3
NAK11607	136.00	138.00	2.00	0.083	1815	0.3
NAK11607	138.00	140.00	2.00	0.177	2136	0.3
NAK11607	140.00	142.00	2.00	0.103	3564	0.4
NAK11607	142.00	144.00	2.00	2.2	14140	1.9
NAK11607	144.00	145.80	1.80	2.69	27350	2.3
NAK11607	145.80	148.00	2.20	1.1	14817	1.4
NAK11607	148.00	150.00	2.00	0.562	16124	1.2
NAK11607	150.00	152.00	2.00	0.416	10714	0.7
NAK11607	152.00	153.80	1.80	0.479	13114	1.1
NAK11607	153.80	156.00	2.20	0.525	7231	0.9
NAK11607	156.00	157.80	1.80	0.064	1582	3.7
NAK11607	157.80	159.00	1.20	0.055	1153	0.2
NAK11607	159.00	160.00	1.00	0.014	141	<0.1
NAK11607	160.00	162.00	2.00	0.063	8628	0.6
NAK11607	162.00	163.45	1.45	0.019	1081	0.1
NAK11607	163.45	166.00	2.55	0.084	4889	0.3
NAK11607	166.00	168.00	2.00	0.153	1086	1
NAK11607	168.00	170.00	2.00	0.041	1401	0.2
NAK11607	170.00	172.00	2.00	0.176	5907	0.6
NAK11607	172.00	174.00	2.00	0.191	2590	0.3
NAK11607	174.00	176.00	2.00	0.186	5145	0.5
NAK11607	176.00	177.16	1.16	0.199	5601	0.6
NAK11607	177.16	178.60	1.44	0.025	14	<0.1
NAK11607	178.60	180.00	1.40	0.055	3536	0.4
NAK11607	180.00	182.00	2.00	0.29	8582	1.7
NAK11607	182.00	184.00	2.00	0.125	1717	0.4
NAK11607	184.00	186.00	2.00	0.158	1999	0.4
NAK11607	186.00	188.00	2.00	0.268	2699	0.5

Page 13 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11607	188.00	189.23	1.23	3.25	4880	2.4
NAK11607	189.23	190.26	1.03	0.007	98	<0.1
NAK11607	190.26	191.84	1.58	0.012	62	<0.1
NAK11607	191.84	194.00	2.16	0.008	18	<0.1
NAK11607	194.00	196.00	2.00	<0.005	5	<0.1
NAK11607	196.00	198.00	2.00	<0.005	3	<0.1
NAK11607	198.00	199.55	1.55	0.011	40	<0.1
NAK11607	199.55	202.00	2.45	0.13	1163	0.3
NAK11607	202.00	204.12	2.12	0.074	201	0.3
NAK11607	204.12	206.00	1.88	<0.005	13	<0.1
NAK11607	206.00	207.00	1.00	0.21	201	0.1
NAK11607	207.00	210.00	3.00	0.277	730	0.2
NAK11607	210.00	211.75	1.75	0.138	5046	0.5
NAK11607	211.75	214.28	2.53	0.112	1021	0.4
NAK11607	214.28	216.00	1.72	0.161	1072	0.3
NAK11607	216.00	218.00	2.00	0.119	1232	0.4
NAK11607	218.00	220.00	2.00	0.142	3901	0.6
NAK11607	220.00	222.00	2.00	0.081	1335	0.4
NAK11607	222.00	224.00	2.00	0.158	7801	0.7
NAK11607	224.00	226.00	2.00	<0.005	38	<0.1
NAK11607	226.00	228.00	2.00	0.671	4091	0.9
NAK11607	228.00	230.00	2.00	0.033	110	0.1
NAK11607	230.00	232.00	2.00	0.079	1696	0.4
NAK11607	232.00	234.00	2.00	0.081	606	0.2
NAK11607	234.00	236.50	2.50	0.251	948	0.3
NAK11609	0.00	2.00	2.00	0.128	271	0.7
NAK11609	2.00	4.00	2.00	0.419	442	0.1
NAK11609	4.00	6.00	2.00	0.313	493	<0.1
NAK11609	6.00	8.00	2.00	0.083	524	<0.1
NAK11609	8.00	10.00	2.00	0.394	336	<0.1
NAK11609	10.00	12.00	2.00	0.143	284	<0.1
NAK11609	12.00	14.00	2.00	0.173	349	<0.1
NAK11609	14.00	16.00	2.00	0.186	291	<0.1
NAK11609	16.00	18.00	2.00	0.211	410	<0.1
NAK11609	18.00	20.00	2.00	0.368	356	0.1
NAK11609	20.00	22.00	2.00	0.39	574	2.5
NAK11609	22.00	24.00	2.00	0.015	986	<0.1
NAK11609	24.00	26.10	2.10	0.005	1758	0.3
NAK11609	26.10	28.00	1.90	<0.005	5282	0.4
NAK11609	28.00	30.00	2.00	<0.005	4115	0.4
NAK11609	30.00	32.00	2.00	0.192	17305	7.3
NAK11609	32.00	34.00	2.00	0.155	4918	1.7
NAK11609	34.00	36.00	2.00	0.14	1939	0.8
NAK11609	36.00	38.00	2.00	0.111	4985	2.1
NAK11609	38.00	40.00	2.00	0.141	13896	0.5

Page 14 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11609	40.00	42.00	2.00	0.019	1728	<0.1
NAK11609	42.00	43.80	1.80	0.095	2598	0.2
NAK11609	43.80	45.70	1.90	<0.005	119	<0.1
NAK11609	45.70	48.00	2.30	0.046	1038	<0.1
NAK11609	48.00	50.00	2.00	0.048	1685	0.2
NAK11609	50.00	51.20	1.20	0.098	8393	0.7
NAK11609	51.20	52.95	1.75	<0.005	20	<0.1
NAK11609	52.95	54.00	1.05	0.049	2242	0.2
NAK11609	54.00	56.00	2.00	0.073	3024	0.2
NAK11609	56.00	58.00	2.00	0.041	1777	0.1
NAK11609	58.00	59.00	1.00	0.058	4806	0.4
NAK11609	59.00	62.53	3.53	0.158	3333	0.3
NAK11609	62.53	64.00	1.47	0.289	5255	0.3
NAK11609	64.00	66.00	2.00	0.095	839	0.1
NAK11609	66.00	68.00	2.00	0.041	1036	0.1
NAK11609	68.00	70.00	2.00	0.035	1368	<0.1
NAK11609	70.00	72.00	2.00	0.051	768	<0.1
NAK11609	72.00	74.00	2.00	0.039	550	<0.1
NAK11609	74.00	76.00	2.00	0.048	2085	0.1
NAK11609	76.00	78.00	2.00	0.043	377	<0.1
NAK11609	78.00	80.60	2.60	0.249	4460	0.3
NAK11609	80.60	81.72	1.12	0.009	48	0.1
NAK11609	81.72	84.00	2.28	0.115	3060	0.2
NAK11609	84.00	86.00	2.00	0.062	572	<0.1
NAK11609	86.00	88.00	2.00	0.062	2371	0.1
NAK11609	88.00	90.00	2.00	0.044	1224	0.1
NAK11609	90.00	92.12	2.12	0.052	2273	0.2
NAK11609	92.12	93.77	1.65	0.008	110	<0.1
NAK11609	93.77	96.00	2.23	0.17	1688	0.1
NAK11609	96.00	98.00	2.00	0.047	880	<0.1
NAK11609	98.00	100.00	2.00	0.109	4102	0.2
NAK11609	100.00	102.00	2.00	0.054	1018	0.1
NAK11609	102.00	104.00	2.00	0.05	523	<0.1
NAK11609	104.00	106.00	2.00	0.05	1077	<0.1
NAK11609	106.00	108.00	2.00	0.062	1159	0.1
NAK11609	108.00	110.60	2.60	0.1	1069	0.1
NAK11609	110.60	112.47	1.87	<0.005	60	<0.1
NAK11609	112.47	114.00	1.53	0.038	670	<0.1
NAK11609	114.00	115.62	1.62	0.038	1190	<0.1
NAK11609	115.62	118.30	2.68	0.006	33	<0.1
NAK11609	118.30	120.00	1.70	0.084	1798	0.1
NAK11609	120.00	122.00	2.00	0.079	1517	0.1
NAK11609	122.00	124.00	2.00	0.406	875	0.1
NAK11609	124.00	126.20	2.20	0.164	982	0.1
NAK11609	126.20	127.84	1.64	0.013	3	<0.1

Page 15 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11609	127.84	130.00	2.16	0.101	862	<0.1
NAK11609	130.00	132.00	2.00	0.211	1487	0.1
NAK11609	132.00	134.00	2.00	0.164	10360	0.4
NAK11609	134.00	136.00	2.00	0.148	1661	0.2
NAK11609	136.00	138.00	2.00	0.122	2992	0.2
NAK11609	138.00	140.00	2.00	0.293	6023	0.4
NAK11609	140.00	142.00	2.00	2.11	4548	1.8
NAK11609	142.00	144.90	2.90	2.47	8469	1.3
NAK11609	144.90	146.00	1.10	0.465	2554	0.6
NAK11609	146.00	148.00	2.00	0.009	15	<0.1
NAK11609	148.00	150.00	2.00	0.007	9	<0.1
NAK11609	150.00	152.00	2.00	0.011	104	<0.1
NAK11609	152.00	154.14	2.14	0.39	388	0.5
NAK11609	154.14	156.00	1.86	0.107	1701	0.1
NAK11609	156.00	158.00	2.00	0.069	349	<0.1
NAK11609	158.00	160.00	2.00	0.371	1802	0.2
NAK11609	160.00	162.00	2.00	0.215	3753	0.2
NAK11609	162.00	164.00	2.00	0.08	2500	0.1
NAK11609	164.00	166.00	2.00	0.228	3769	0.3
NAK11609	166.00	168.00	2.00	0.206	6451	0.4
NAK11609	168.00	170.00	2.00	0.071	4239	0.4
NAK11609	170.00	172.00	2.00	0.076	3898	0.4
NAK11609	172.00	174.00	2.00	0.099	4556	0.2
NAK11609	174.00	176.00	2.00	0.252	5457	0.3
NAK11609	176.00	178.00	2.00	0.12	2169	0.3
NAK11609	178.00	180.00	2.00	0.131	2043	0.2
NAK11609	180.00	182.00	2.00	0.105	1007	<0.1
NAK11609	182.00	184.00	2.00	0.103	362	<0.1
NAK11609	184.00	186.00	2.00	0.148	1243	0.1
NAK11609	186.00	188.00	2.00	0.51	5314	0.4
NAK11609	188.00	190.00	2.00	0.31	2196	0.3
NAK11609	190.00	192.00	2.00	0.258	3820	0.4
NAK11609	192.00	194.00	2.00	0.277	3525	0.3
NAK11609	194.00	196.00	2.00	0.166	1127	0.1
NAK11609	196.00	198.00	2.00	0.062	1400	<0.1
NAK11609	198.00	200.00	2.00	0.046	897	<0.1
NAK11609	200.00	202.00	2.00	0.089	866	<0.1
NAK11609	202.00	203.30	1.30	1.18	7591	0.8
NAK11611	0.00	2.00	2.00	0.027	170	<0.1
NAK11611	2.00	4.00	2.00	0.029	186	<0.1
NAK11611	4.00	6.00	2.00	0.203	1033	0.2
NAK11611	6.00	8.00	2.00	0.081	2023	<0.1
NAK11611	8.00	10.00	2.00	0.167	746	<0.1
NAK11611	10.00	12.00	2.00	0.248	629	<0.1
NAK11611	12.00	14.00	2.00	0.358	721	0.2

Page 16 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11611	14.00	16.00	2.00	0.417	1491	0.6
NAK11611	16.00	18.00	2.00	0.314	1474	0.2
NAK11611	18.00	20.00	2.00	0.247	1432	0.2
NAK11611	20.00	22.00	2.00	0.315	1563	1
NAK11611	22.00	24.00	2.00	0.623	1256	0.3
NAK11611	24.00	26.00	2.00	0.158	531	0.4
NAK11611	26.00	28.00	2.00	0.291	815	1.7
NAK11611	28.00	30.00	2.00	0.098	850	1.3
NAK11611	30.00	32.00	2.00	0.31	29708	2.9
NAK11611	32.00	34.00	2.00	0.119	19937	1.4
NAK11611	34.00	36.00	2.00	0.051	14546	0.7
NAK11611	36.00	38.00	2.00	0.542	70120	5.4
NAK11611	38.00	40.00	2.00	0.145	41716	1.6
NAK11611	40.00	42.00	2.00	0.051	34619	0.9
NAK11611	42.00	44.00	2.00	0.068	51209	1.7
NAK11611	44.00	46.00	2.00	0.419	72490	3.7
NAK11611	46.00	48.00	2.00	0.107	7896	1
NAK11611	48.00	49.10	1.10	0.118	9015	1.3
NAK11611	49.10	50.00	0.90	<0.005	89	<0.1
NAK11611	50.00	52.00	2.00	0.061	2074	0.6
NAK11611	52.00	54.00	2.00	0.043	6508	0.9
NAK11611	54.00	56.00	2.00	0.044	983	0.6
NAK11611	56.00	58.00	2.00	0.035	573	0.5
NAK11611	58.00	60.00	2.00	0.033	2185	0.8
NAK11611	60.00	62.00	2.00	0.023	372	0.4
NAK11611	62.00	64.00	2.00	0.038	318	0.4
NAK11611	64.00	66.00	2.00	0.028	498	0.5
NAK11611	66.00	68.00	2.00	0.089	35	2
NAK11611	68.00	70.00	2.00	0.017	331	0.4
NAK11611	70.00	72.00	2.00	0.012	639	0.6
NAK11611	72.00	74.00	2.00	<0.005	261	0.3
NAK11611	74.00	76.85	2.85	<0.005	1181	0.5
NAK11611	76.85	78.00	1.15	<0.005	43	<0.1
NAK11611	78.00	80.00	2.00	<0.005	33	<0.1
NAK11611	80.00	82.50	2.50	0.009	48	<0.1
NAK11611	82.50	84.50	2.00	0.015	572	0.3
NAK11611	84.50	85.25	0.75	0.008	225	0.2
NAK11611	85.25	87.00	1.75	0.062	447	1.6
NAK11611	87.00	88.00	1.00	0.016	78	0.2
NAK11611	88.00	90.00	2.00	<0.005	211	<0.1
NAK11611	90.00	92.00	2.00	<0.005	47	<0.1
NAK11611	92.00	94.00	2.00	0.01	13	<0.1
NAK11611	94.00	96.00	2.00	0.006	13	<0.1
NAK11611	96.00	98.00	2.00	0.008	50	<0.1
NAK11611	98.00	100.00	2.00	<0.005	358	<0.1

Page 17 of 25

			UNITS	ppm	ppm	ppm
			Detection Limit	0.005	1	0.1
Hole ID	From	To	Interval	Au	Cu	Ag
NAK11611	100.00	102.00	2.00	<0.005	39	<0.1
NAK11611	102.00	104.00	2.00	0.009	546	0.2
NAK11611	104.00	106.00	2.00	0.009	21	<0.1
NAK11611	106.00	108.00	2.00	<0.005	117	<0.1
NAK11611	108.00	110.00	2.00	0.006	18	<0.1
NAK11611	110.00	112.00	2.00	<0.005	88	<0.1
NAK11611	112.00	114.00	2.00	0.007	218	<0.1
NAK11611	114.00	116.00	2.00	0.012	218	<0.1
NAK11611	116.00	118.00	2.00	0.005	57	<0.1
NAK11611	118.00	120.00	2.00	<0.005	111	<0.1
NAK11611	120.00	122.00	2.00	<0.005	31	<0.1
NAK11611	122.00	124.00	2.00	<0.005	49	<0.1
NAK11611	124.00	126.00	2.00	<0.005	42	<0.1
NAK11611	126.00	128.00	2.00	<0.005	100	<0.1
NAK11611	128.00	130.00	2.00	<0.005	59	<0.1
NAK11611	130.00	132.00	2.00	<0.005	185	<0.1
NAK11611	132.00	134.00	2.00	<0.005	271	<0.1
NAK11611	134.00	136.00	2.00	<0.005	28	<0.1
NAK11611	136.00	138.00	2.00	0.006	172	<0.1
NAK11611	138.00	140.00	2.00	0.023	99	<0.1
NAK11611	140.00	142.00	2.00	<0.005	57	0.1
NAK11611	142.00	144.00	2.00	<0.005	62	<0.1
NAK11611	144.00	146.00	2.00	<0.005	12	0.1
NAK11611	146.00	148.00	2.00	0.01	158	0.6
NAK11611	148.00	150.00	2.00	0.008	208	0.3
NAK11611	150.00	152.00	2.00	0.009	212	0.8
NAK11611	152.00	154.00	2.00	<0.005	229	0.1
NAK11611	154.00	156.00	2.00	0.087	176	0.1
NAK11611	156.00	158.00	2.00	<0.005	141	<0.1
NAK11611	158.00	160.00	2.00	<0.005	88	<0.1
NAK11611	160.00	162.00	2.00	0.008	84	<0.1
NAK11611	162.00	164.00	2.00	<0.005	62	<0.1
NAK11611	164.00	166.00	2.00	<0.005	20	<0.1
NAK11611	166.00	168.00	2.00	<0.005	31	<0.1
NAK11611	168.00	170.00	2.00	0.009	38	<0.1
NAK11611	170.00	172.00	2.00	0.01	267	<0.1
NAK11611	172.00	174.00	2.00	0.01	978	0.4
NAK11611	174.00	176.00	2.00	4.25	1023	0.6
NAK11611	176.00	178.00	2.00	0.01	123	0.3
NAK11611	178.00	180.00	2.00	0.027	131	0.3
NAK11611	180.00	182.00	2.00	0.01	1137	0.6
NAK11611	182.00	184.00	2.00	0.195	134	0.2
NAK11611	184.00	186.00	2.00	0.013	1825	0.9
NAK11611	186.00	188.50	2.50	0.015	622	0.6
Table 1 - Sample Assay and Intervals for NAK11602, NAK11603,

Page 18 of 25

Nakru 2016 Drill Hole Collar Locations

Nakru 2016 Drill Hole Collar Locations	Nakru 2016 Drill Hole Collar Locations	Nakru 2016 Drill Hole Collar Locations	Nakru 2016 Drill Hole Collar Locations	Nakru 2016 Drill Hole Collar Locations	Nakru 2016 Drill Hole Collar Locations
Hole Number	Easting	Northing	RL	Accuracy	Notes
NAK11602	221969	9339134	828	+-3	AMG66 taken with handheld Garmin GPS
NAK11603	222069	9339065	871	+-3	AMG66 taken with handheld Garmin GPS
NAK11604	222070	9339161	861	+-3	AMG66 taken with handheld Garmin GPS
NAK11607	222213	9339240	885	+-3	AMG66 taken with handheld Garmin GPS
NAK11609	222292	9339226	869	+-3	AMG66 taken with handheld Garmin GPS
NAK11611	221934	9339095	834	+-3	AMG66 taken with handheld Garmin GPS

Table 2 - Hole Collar Locations

**Nakru Drilling 2016 Downhole Surveys **
Hole Number	Depth	Azimuth	Dip
NAK11602	100	88.2	89.2
	128	88.1	89.2
NAK11603	50	100	89.9
	100	115	89.9
NAK11604	50	112.5	89.8
	100	107.4	89.6
	150	104.4	89.7
NAK11607	50	189.4	89.9
	100	190.6	89.8
	150	183.3	89.8
	236	179.7	89.4
NAK11609	50	281.7	89.7
	100	267.6	89.6
	150	270.5	89.8
	200	268.7	89.8
	50	46	89.8
NAK11611	100	0	90

Table 3 - Downhole Surveys

Page 19 of 25

The drill core samples are logged and sampled on site at Nakru, and then transported to Intertek Laboratory in Lae for preparation and analysis. A smaller representative sample is then assayed for a suite of elements at the Intertek Laboratory in Townsville.

On behalf of the Board.

Paul Schultz Company Secretary Coppermoly Ltd

About Coppermoly

Coppermoly (COY) is an ASX listed junior exploration company which has been listed on the ASX since 2008. Coppermoly’s mineral exploration activities are focused entirely on the island of New Britain in PNG where it is exploring for copper, gold, silver, zinc, and molybdenum.

For more information, visit our website www.coppermoly.com.au.

Competent Person Statement

The information in this report that relates to exploration results is based on information prepared by Mr. Donald Macansh, who is an employee of Coppermoly Limited and a Fellow of the Australasian Institute of Geoscientists. Mr. Macansh has sufficient experience which is relevant to the style of mineralisation under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Macansh consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Page 20 of 25

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

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

Criteria	JORC Code explanation	Commentary
Sampling	 Nature and quality of sampling (eg cut channels, random chips, or	Drill core is logged and sampled on site
techniques	specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma	All drill samples have been dispatched for assay. Drill core has been halved, logged and sampled at 2 metre intervals.
	sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.  Include reference to measures taken to ensure sample representivity	Samples will be prepared for assay by ITS Laboratories in Lae, PNG. Some assays (base metals) will be done by ITS Laboratories in Townsville, Australia.
	and the appropriate calibration of any measurement tools or systems
	used.
	 Aspects of the determination of mineralisation that are Material to the
	Public Report.
	 In cases where ‘industry standard’ work has been done this would be
	relatively simple (eg ‘reverse circulation drilling was used to obtain 1
	m samples from which 3 kg was pulverised to produce a 30 g charge
	for fire assay’). In other cases more explanation may be required,
	such as where there is coarse gold that has inherent sampling
	problems. Unusual commodities or mineralisation types (eg
	submarine nodules) may warrant disclosure of detailed information.
Drilling	 Drill type (eg core, reverse circulation, open-hole hammer, rotary air	Diamond core drilling, PQ and HQ
techniques	blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other
	_type, whether core is oriented and if so, by what method, etc). _
Drill sample	 Method of recording and assessing core and chip sample recoveries	Core recovery was >96%.
recovery	and results assessed.  Measures taken to maximise sample recovery and ensure
	representative nature of the samples.
	 Whether a relationship exists between sample recovery and grade
	and whether sample bias may have occurred due to preferential
	loss/gain of fine/coarse material.
Logging	 Whether core and chip samples have been geologically and	Logging is all done on site and includes geotechnical aspects such as
	geotechnically logged to a level of detail to support appropriate	core recovery and RQDs etc.
	Mineral Resource estimation, mining studies and metallurgical

Page 21 of 25

Criteria	JORC Code explanation	Commentary
	studies.	Systematic and detailed geological and structural logging will be
	 Whether logging is qualitative or quantitative in nature. Core (or	completed at a later date on the half core now stored in the yard in
	costean, channel, etc) photography.	Kimbe.
	 The total length and percentage of the relevant intersections logged.	All core is photographed both wet and dry. Geologists are recording
		data related to lithology, weathering, alteration, mineralisation,
		veiningand structure.
Sub-	 If core, whether cut or sawn and whether quarter, half or all core	Diamond core samples taken as half core samples.
sampling techniques and sample preparation	taken.  If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.  For all sample types, the nature, quality and appropriateness of the sample preparation technique.	Most sample intervals are around 2m in length. All samples are dried, weighed, crushed, pulverised, split and assayed for the full suite of elements requested by the Company at Intertek Laboratories in Lae and Townsville.
	 Quality control procedures adopted for all sub-sampling stages to
	maximise representivity of samples.
	 Measures taken to ensure that the sampling is representative of the in
	situ material collected, including for instance results for field
	duplicate/second-half sampling.
	 Whether sample sizes are appropriate to the grain size of the material
	being sampled.
Quality of	 The nature, quality and appropriateness of the assaying and	The quality of assay data and laboratory procedures is monitored by
assay data and laboratory tests	laboratory procedures used and whether the technique is considered partial or total.  For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.	the Company. Standard and blank samples are inserted to monitor quality control. The assay methods are industry standard for the precious and base metals of interest. Blanks and Standards for base metals and gold, purchased from
	 Nature of quality control procedures adopted (eg standards, blanks,	Geostats Pty Ltd in Western Australia and OREAS are included
	duplicates, external laboratory checks) and whether acceptable levels	amongst the samples to be submitted to ITS.
	of accuracy (ie lack of bias) and precision have been established.	ITS applies a rigorous Quality Management System.
		A selection of sample duplicates is sent to another independent
		laboratory for comparison and QAQC checks.
Verification	 The verification of significant intersections by either independent or	Verification of sampling and assay procedures will is documented
of sampling and	alternative company personnel.  The use of twinned holes.  Documentation ofprimary data, data entry procedures, data	with the certified assay results.

Page 22 of 25

Criteria	JORC Code explanation	Commentary	Commentary
assaying	verification, data storage (physical and electronic) protocols.
	 Discuss any adjustment to assay data.
Location of	 Accuracy and quality of surveys used to locate drill holes (collar and		The collar coordinates of the three drill holes, were located using a
data points	down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.  Specification of the grid system used.  Quality and adequacy of topographic control.		hand held GPS, and have an accuracy of +-3m. Down hole surveys are collected using a reflex electronic multishot downhole survey tool. All holes were collared at -90⁰.
Data	 Data spacing for reporting of Exploration Results.		Samples of half core for assaying were taken at ~2m intervals in all
spacing and distribution	 Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and		drill holes.
	classifications applied.
	 Whether sample compositing has been applied.
Orientation	 Whether the orientation of sampling achieves unbiased sampling of		The holes were carefully positioned and drilled vertically to test the
of data in relation to geological	possible structures and the extent to which this is known, considering the deposit type.  If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a		mineralised zone that had been identified by detailed geochemistry and geophysical measurements and interpretation.
structure	sampling bias, this should be assessed and reported if material.
Sample	 The measures taken to ensure sample security.		Sample bags are labelled and shrink wrapped on pallets before being
security			loaded onto a barge in Kimbe for transportation to ITS laboratories in
			Lae.
			The remaining half drill core is stored securely at the Company’s
			exploration base in Kimbe in West New Britain.
Audits or	 The results of any audits or reviews of sampling techniques and data.		Further details regarding audits or reviews of sampling techniques
reviews			and data will be made when assays are available and announced.

Section 2 Reporting of Exploration Results

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

Criteria	JORC Code explanation	Commentary
Mineral	 Type, reference name/number, location and ownership including	The drilling program is focused upon a particular prospect within the
tenement and	agreements or material issues with third parties such as joint	Company’s Nakru Exploration Licence (EL1043) which is currently

Page 23 of 25

Criteria	JORC Code explanation	Commentary
land tenure	ventures, partnerships, overriding royalties, native title interests,	held 72% Coppermoly Limited and 28% Barrick (PD) Australia
status	historical sites, wilderness or national park and environmental settings.	Limited, a wholly owned subsidiary of Barrick Gold Corporation. An agreement is in place which entitles Coppermoly to reacquire 100%
	 The security of the tenure held at the time of reporting along with any	ownership by payment of $A4.5M, payable no later than the date that
	known impediments to obtaining a licence to operate in the area.	is 6 months after the commencement of commercial production on
		EL1043 or EL2379.
		EL1043 is in good standing and subject to a current (routine) renewal
		application.
Exploration	 Acknowledgment and appraisal of exploration by other parties.	The Nakru licence has been explored by a number of companies,
done by other parties		most recently Barrick under an exploration agreement with Coppermoly.
Geology	 Deposit type, geological setting and style of mineralisation.	The Nakru EL has characteristics of both VMS style and breccia style
		mineralization.
Drill hole	 A summary of all information material to the understanding of the	The drill hole collar information is included in the announcement.
Information	exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar	All holes were drilled vertically. Downhole surveys were taken at irregular intervals and are included in this report. The drill hole collar location records Easting, Northing and RL on the AMG 66 grid.
	o dip and azimuth of the hole
	o down hole length and interception depth
	o hole length.
	 If the exclusion of this information is justified on the basis that the
	information is not Material and this exclusion does not detract from
	the understanding of the report, the Competent Person should clearly
	explain why this is the case.
Data	 In reporting Exploration Results, weighting averaging techniques,	If applicable, data averaging and aggregation techniques and
aggregation methods	maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.  Where aggregate intercepts incorporate short lengths of high grade	assumptions used for reporting results will be explained when needed.
	results and longer lengths of low grade results, the procedure used
	for such aggregation should be stated and some typical examples of
	such aggregations should be shown in detail.
	 The assumptions used for any reporting of metal equivalent values

Page 24 of 25

Criteria	JORC Code explanation	Commentary
	should be clearly stated.
Relationship	 These relationships are particularly important in the reporting of	This information will be made available when further assays are
between	Exploration Results.	received and the geology and shape are assessed.
mineralisation	 If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.
widths and	 If it is not known and only the down hole lengths are reported, there
intercept	should be a clear statement to this effect (eg ‘down hole length, true
lengths	width not known’).
Diagrams	 Appropriate maps and sections (with scales) and tabulations of	Location plans and sections along with the tabulated results and
	intercepts should be included for any significant discovery being	location information is included in this announcement
	reported These should include, but not be limited to a plan view of
	drill hole collar locations and appropriate sectional views.
Balanced	 Where comprehensive reporting of all Exploration Results is not	This information is included.
reporting	practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of
	Exploration Results.
Other	 Other exploration data, if meaningful and material, should be reported	This information is included.
substantive exploration	including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density,
data	groundwater, geotechnical and rock characteristics; potential
	deleterious or contaminating substances.
Further work	 The nature and scale of planned further work (eg tests for lateral	This information will be released once the complete set of data and
	extensions or depth extensions or large-scale step-out drilling).	assay results have been received and assessed.
	 Diagrams clearly highlighting the areas of possible extensions,
	including the main geological interpretations and future drilling areas,
	provided this information is not commercially sensitive.

Sections 3 to 5 are not applicable to the results reported.

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