CULLEN RESOURCES LIMITED — Capital/Financing Update 2013

Oct 28, 2013

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Matsa Resources Limited
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LIMITED ABN 48 106 732 487

ASX Announcement

29 October 2013

New base metal mineralisation discovered at Killaloe

Highlights

• RC Drillhole intersects highly anomalous zinc in carbonaceous shales at RC50 prospect

• Recently received assays (23/10/2013) from 1m splits include a highest value of 1m @ 8.04% Zn and 5.1g/t Ag

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• Drilling intersected a broader zone of 18m @ 1.05% Zn from 96m including 4m @ 4.2% Zn from 108m (13KC50)

• RC Drillhole intersects elevated nickel in weathered ultramafic rocks at KC26 prospect

• Recently received assays (23/10/2013) from 1m splits include a highest value of 3m of 0.5% Ni, 0.08% Cu and 0.10% Co from 28m

CORPORATE SUMMARY

Executive Chairman

Paul Poli

Director

Frank Sibbel

Director & Company Secretary

Andrew Chapman

Shares on Issue

144.15 million

Unlisted Options

12.55 million @ $0.31 - $0.45

• Drilling intersected a broader zone of 28m of 0.26% Ni, 0.027% Cu, 0.039% Co from 24m including strongly anomalous values of 3m of 0.5% Ni, 0.08% Cu and 0.10% Co from 28m

• Other results included elevated PGE’s up to 0.1g/t platinum at the Anomaly 58 prospect

Matsa Resources Limited (“Matsa” or “the Company” ASX:MAT) is pleased to advise the results of reverse circulation (RC) drilling carried out during September 2013 at the Killaloe JV project (MAT 80%, CUL 20%).

Top 20 shareholders

Hold 48%

Share Price on 28 October 2013

27 cents

Market Capitalisation

$38.92 million

The drilling programme was targeted on 5 high priority EM conductors at KC50, KC26, KC31, Anomaly 58 and Beetroot East following selective EM surveys to provide additional detail. Planned drilling and ground EM surveys were described in announcements to the ASX on 18[th] June 2013, 1[st] July 2013 and 31[st] July 2013.

Head Office: Suite 11, 139 Newcastle Street, Perth Western Australia 6000 Tel : +61 8 9230 3555 Fax: +61 8 9227 0370 Bangkok Office: Unit 1808, Pacific Place 2, 142 Sukhumvit Road, Klongtoey, Bangkok 10110 Tel : +66 0 2653 0258 Fax : +66 0 2653 0258 reception@matsa.com.au www.matsa.com.au

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This report includes the most recent assay results received up until the 23[rd] October 2013. These comprise assays of 4m composite samples and 1m re-split samples of anomalous RC composites.

A description of exploration methods and data acquisition including drilling and assay procedures are supplied in Appendix 1, as required under the JORC 2012 guidelines.

Mr Paul Poli Executive Chairman said “these results individually are very interesting. We are encouraged by the high zinc, gold, and PGE values which could be parts of a much larger system or systems. We can now say that this area is confirmed as prospective for gold and base metals and we need to use this new data with planned down-hole EM surveys to better understand these tantalising results.”

Key Assay Results (Figure 1)

KC50 Prospect - Zinc

• 1 metre split highlights include:

1m @ 8.04% Zn, 0.09% Cu, 0.1% Pb and 5.1g/t Ag from 110m

2m @ 5.31% Zn, 0.07% Cu, 0.09% Pb and 3.75g/t Ag from 110m

Composite assays returned the following intercept based on values >0.1% Zn;

13RCKC50, 18m @ 1.05% Zn from 96m including 4m @ 4.2% Zn , from 108m

1 metre split samples of the intercept above returned two intercepts >0.1% Zn:

5m @ 2.31% Zn, 0.05% Cu, 0.04% Pb and 1.74g/t Ag from 109m

• Including 2m @ 5.31% Zn, 0.07% Cu, 0.09% Pb and 3.75g/t Ag from 110m

• Including 1m @ 8.04% Zn, 0.09% Cu, 0.1% Pb and 5.1g/t Ag from 110m

• 5m @ 0.22% Zn and 0.05% Cu from 99m

Low grade zinc intercepts were also returned from 13KRC59 in graphitic shales at Beetroot east including 5m @ 0.21% Zn and 0.04% Cu from 121m and 7m @ 0.24% Zn and 0.04% Cu from 136m.

Matsa proposes to follow up these mineralised intercepts with a detailed review of extensive combined historical and recent exploration data.

KC26 Prospect – Nickel

• 1 metre split highlight includes:

3m of 0.5% Ni, 0.08% Cu and 0.10 Co from 28m

The following composite intercept was achieved in drillhole 13KRC26a:

28m of 0.26% Ni, 0.027% Cu, 0.039% Co from 24m

- includes 8m of 0.42% Ni, 0.088 Cu, 0.106% Co from 24m

Re-split assays of anomalous composite samples achieved the following strongly anomalous Ni intercept:

3m of 0.5% Ni, 0.08% Cu and 0.10 Co from 28m

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Matsa considers that this intercept probably reflects supergene enrichment of Ni in weathered ultramafic rocks, perhaps in response to development of a laterite profile. Further work will be undertaken on completion of down hole electromagnetic surveys.

- Target 58 Prospect Elevated Platinum Group Elements (PGE)

Strongly elevated PGE’s in conjunction with unusually low Ni values have been returned from an ultramafic unit logged as pyroxenite. Composite samples returned the following intercept:

20m @ 43ppb Pd and 53ppb Pt from 76m including 4m @ 59ppb Pd and 102ppm Pt from 80m

Re-split assays were carried only over 12 metres of this intercept and returned:

12m @ 56.5ppb Pd and 67ppb Pt from 80m including 3m @ 85ppb Pd and 97ppb Pt from 84m

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Figure 1: Gossan E/Felsic Porphyry and KLGT02 Gold Target Drilling Summary

Ground EM Surveys

As previously announced, past ground electromagnetic surveys completed between 2001 and 2005 over prospective ultramafic rocks at Killaloe identified three high priority target conductors at KC26, KC31 and KC 50 which were recommended for drill testing.

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A total of 21 lines for 16.5 line kilometres of Moving Loop (MLEM) and fixed loop (FLEM) ground electromagnetic surveys (Table 1) were carried out in order to:

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• better define highly encouraging but ambiguous EM results over past conductors at KC50 and KC37, and

• carry out limited surveys in areas of strongly anomalous nickel and copper soil geochemistry and visually interesting surface exposures of altered and possibly mineralised ultramafic rocks.

These targets are listed in Table 1:

Target	Description	Configuration	Spacing	Lines	metres
KC37	EM Conductor	MLEM	100	1	600
Beetroot E	Soil Cu Ni	MLEM	100	5	5000
Gossan C	Gossan, Soil Ni Cu	FLEM	50	1	1000
KC50	EM Conductor	MLEM	100	1	1300
HW Gossan	EM Conductor	FLEM	50	3	3000
Anomaly 58	Soil Cu Ni	FLEM	50	1	1000
Anomaly 64	Soil Cu Ni	FLEM	50	3	1800
Gossan D	Gossan, Soil Ni Cu	FLEM	50	2	1000
Gossan E	Soil Cu Ni	FLEM	50	2	1000
Gossan F	Soil Cu Ni	FLEM	50	2	1000
TOTAL				21	16700

Table 1: Killaloe EM Surveys August/ September 2013

Strong EM conductors were detected at KC50, Anomaly 58 and Beetroot East which confirmed these three targets for drilling. Prior EM had already defined conductors at KC26 and KC31 in sufficient detail for drillholes to be planned. The 5 conductors selected for drilling were modelled as steeply dipping to sub-vertical plates and drillholes were planned to intersect these plates (Table 2).

Reverse Circulation (RC) Drilling

Five RC drill holes for 874m were completed to test for massive Ni sulphide mineralisation associated with the high priority EM conductors discussed above (Table 2, Appendix 2).

Drilling was carried out using an Atlas Copco MK10 RC drilling rig using a 137mm face sampling hammer. One metre sampling into numbered bags was carried out via rotary cone splitter. Samples were held together with bagged bulk drill cutting residues for re-splitting of anomalous composite samples.

PVC insertion to accommodate down-hole surveys were completed to bottom of hole in only two of the five drillholes completed but could not be carried out in the remaining three holes because of broken ground down-hole. It is proposed to position a diamond drill over the 3 holes in order to facilitate PVC casing insertion and enable completion of down-hole EM surveys on all 5 holes.

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Drillhole composite samples up to 4m in length were collected from bulk residues and submitted to ALS Laboratories in Malaga for a 33 element ICP AES assay suite plus PGE’s and gold by Fire Assay. Assay results for a selected suite of elements are presented in Appendix 3 and assay ranges for all elements assayed for are presented in Appendix 4.

Selected anomalous composite sample results (typically >0.1% Ni, Cu or Zn and >0.1g/t Au) were followed up by submission of original rotary split samples held in reserve at time of drilling. These samples were analysed by the same method as the composite samples described above and results for selected elements presented in Appendix 5. Assay ranges for all elements are presented in Appendix 6.

Hole ID	Depth	Easting	Northing	Dip	Azimuth	Target	Remarks
13KC050	113	399511	6462695	-60	054.5	KC50 EM conductor modelled at 110m downhole	Graphitic shales likely source of EM anomaly. 5m of 2.31% Zn from 109m includes 2m of 5.31% Zn.
13KC026a	161	405229	6455469	-60	234.5	KC26 EM conductor modelled at 105m downhole	Disseminated sulphides 123m – 129m may be related to EM source. 3m of 0.5% Ni, 0.08% Cu and 0.10 Co from 28m. Possible supergene enrichment of Ni in weathering environment.
13KC058	220	399094	6463591	-60	054.5	Anomaly 58 EM conductor modelled at 180m downhole	Graphitic shales may be source of EM anomaly. – 2m of 105ppb Pt and 78ppb Pd from 84m
13KC031	220	406652	6454738	-60	54.5	KC31 EM conductor modelled at 175m downhole	Disseminated sulphides 174 – 176 may be related to EM source. 2m of 0.30 Zn from 81m
13KC059	160	402481	6459895	-60	054.5	Beetroot East EM conductor modelled at 130m downhole	Graphitic shales may be source of EM anomaly. 5m of 0.21% Zn and 0.04% Cu from 121m, 7m of 0.24% Zn and 0.04% Cu from 136m

Table 2: RC Drill Hole Summary

Results and discussion

KC50 Prospect

Drillhole 13KC50 intersected 24m of graphitic shales from 87m beneath a sequence of pyroxenites and olivine-bearing ultramafics.

The elevated zinc intercept of 18m @ 1.05% Zn with supporting anomalous Cu, Pb and Ag, contains an individual high grade Zn value of 1m @ 8.04% Zn 0.09% Cu, 0.1% Pb and 5.1g/t Ag from 110m. This intercept in graphitic shales, increases the prospectivity for base metal mineralisation at Killaloe and may be part of a significantly larger body of base metal mineralisation. Follow up aircore drilling may be effective in defining the extent and distribution of anomalous base metal values.

Nickel values in ultramafics overlying the graphitic shale are not significantly elevated. A preliminary interpretation pending completion of down-hole EM surveys is that graphitic shales are the likely source of the target EM conductor. However the hole was abandoned at 113m just past target depth due to strong water inflows.

KC26 Prospect

Drillhole 13KC26 intersected pyroxene and olivine bearing ultramafics typically with elevated Ni values around 0.1% – 0.16%.

High nickel values up to 3m @ 0.5% Ni from 28m occur in weathered rocks below an unusually thick weathered (lateritised) profile. It is interpreted to be the result of lateritic enrichment. Dark grey sulphidic (pyrite and pyrrhotite) bearing ultramafic intersected between 123m to 129m may be related to the EM conductor and it is planned to carry out down-hole EM surveys.

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KC31 Prospect

Drillhole 13KC31 intersected a suite of ultramafic rocks logged as pyroxenites and peridotites. Weakly elevated Ni values up to 0.2% were intersected in the upper part of the hole. Disseminated sulphides were intersected between 174m to 176m and may be associated with the source of the EM anomaly.

KC58 Prospect

Drillhole 13KC58 intersected meta-basalts and ultramafic units with four intercalated graphitic shale bands between 1m to 6m in thickness.

Strongly elevated PGE’s in conjunction with unusually low Ni values have been returned from an ultramafic unit logged as pyroxenite. Composite samples returned the following intercept:

20m @ 43ppb Pd and 53ppb from 76m including 4m @ 59ppb Pd and 102ppm Pt from 80m

Re-split assays were carried out only over 12 metres of this intercept and returned:

12m @ 56.5ppb Pd and 67ppb Pt from 80m including 3m @ 85ppb Pd and 97ppb Pt from 84m

While a preliminary assessment of the drill results over the expected EM target interval suggests a source to be graphitic shales, these highly anomalous PGE values are intriguing. A review of past drilling, soil geochemistry and electromagnetic survey data is proposed in order to assess the significance of this intercept.

Beetroot East Prospect

Drillhole 13KC59 intersected mostly olivine rich ultramafics (some with spinifex textures) with 4m to 10m thick black shale and 3m to 7m ultramafic schists intercalations. No significantly elevated Ni values were seen. Higher Zn values shown below are associated with narrow graphitic shale intercalations. A preliminary assessment of the drill results over the expected EM target interval also suggests the source to be graphitic shales.

8m of 0.16% Ni, 0.15% Zn, 0.03% Cu, 0.01% Co from 120m

8m of 0.095% Ni, 0.18 Zn, 0.036% Cu, 0.01% Co from 136m

For further information, please contact:

Paul Poli Frank Sibbel Executive Chairman Director

Phone +61 8 9230 3555 Fax +61 8 9227 0370 Email reception@matsa.com.au Web www.matsa.com.au

Exploration results

The information in this report that relates to Exploration results, is based on information compiled by David Fielding, who is a Fellow of the Australasian Institute of Mining and Metallurgy. David Fielding is a full time employee of Matsa Resources Limited. David Fielding has sufficient experience which is relevant to the style of mineralisation and the type of ore deposit under consideration and the activity which he is undertaking 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’. David Fielding consents to the inclusion in the report of the matters based on his information in the form and context in which it appears .

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Appendix 1 - Matsa Resources Limited - Killaloe JV Project

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,	Soil Samples comprise approximately 300g of -1.5mm bulk
	techniques	or specific specialised industry standard measurement tools	soils collected between a depth of 10 and 30cm. Assay
		appropriate to the minerals under investigation, such as down	techniques such as Mobile Metal Ion (MMI) partial digest
		hole gamma sondes, or handheld XRF instruments, etc). These	require that stainless steel shovel for digging and plastic trowel
		examples should not be taken as limiting the broad meaning of	to scoop out soil is used to minimize sample contamination.
		sampling.	Input from geochemical consultants e.g. ioGlobal Ltd has been
		Include reference to measures taken to ensure sample	sought from time to time to ensure that the size of sample is
		representivity and the appropriate calibration of any	sufficient to ensure representivity of the soil mass being
		measurement tools or systems used.	sampled. The target elements being sought are not present in
		Aspects of the determination of mineralisation that are Material	coarse aggregates, coarse gold is not being targeted
		to the Public Report.	consequently 300g is sufficient for a representative sample.
		In cases where ‘industry standard’ work has been done this	From a sampling perspective the target is basement
		would be relatively simple (e.g. ‘reverse circulation drilling was	mineralization. Sampling procedures for total digest are
		used to obtain 1 m samples from which 3 kg was pulverised to	focused on the clay fraction which captures and amplifies the
		produce a 30 g charge for fire assay’). In other cases more	geochemical response above basement mineralization. Sample
		explanation may be required, such as where there is coarse	procedures for MMI likewise target the amplified geochemical
		gold that has inherent sampling problems. Unusual	response associated with mobile ions of the target element.
		commodities or mineralisation types (e.g. submarine nodules)
		may warrant disclosure of detailed information.
	Drilling	Drill type (eg core, reverse circulation, open-hole hammer,	Aircore Drilling carried out by Challenge Drilling at KLGT01.
	techniques	rotary air blast, auger, Bangka, sonic, etc) and details (eg core	Vacuum Bit achieving accurate face sampling. Bit diameter	75-
		diameter, triple or standard tube, depth of diamond tails, face-	80mm.
		sampling bit or other type, whether core is oriented and if so, by	Aircore Drilling carried out by Ausdrill at KLGT02 using
		what method, etc).	specialized lake rig.
			Reverse circulation carried out by Frontline drilling using a
			truck-mounted Atlas Copco MK10 RC rig equipped with a face-
			sampling hammer bit.
	Drill sample	Method of recording and assessing core and chip sample	Recovery was not measured.
	recovery	recoveries and results assessed.
		Measures taken to maximise sample recovery and ensure
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	Criteria	JORC Code explanation	Commentary
		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/gainof fine/coarse material.
	Logging	Whether core and chip samples have been geologically and	Visual logging carried out on washed cuttings. All washed
		geotechnically logged to a level of detail to support appropriate	cuttings were retained in boxes. Logging recorded as
		Mineral Resource estimation, mining studies and metallurgical	qualitative description of colour and lithological type.
		studies.
		Whether logging is qualitative or quantitative in nature. Core (or
		costean, channel, etc) photography.
		The total length and percentage of the relevant intersections
		_logged. _
	Sub-	If core, whether cut or sawn and whether quarter, half or all	Samples of 1-4m were composited for assay. The
	sampling	core taken.	subsampling technique was carried out by hand spearing drill
	techniques and sample preparation	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.	residues over specified intervals to achieve a final sample weight of around 3 kg. The opportunity exists to go back to individual splits as a check on composite assay values. Composite samples with results above 0.1 g/t Au were chosen
		Quality control procedures adopted for all sub-sampling stages	for the 1m split sampling. Bulk residues of the bagged 1m
		to maximise representivity of samples.	interval were passed through a three-tier riffle splitter producing
		Measures taken to ensure that the sampling is representative	a 1-3kg sample.
		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.	For RC drilling, 1m rotary split samples with each weighing 1-3 kg are stored. Selected 1m splits samples were submitted to the lab to define zones of mineralization within the composited intervals.
	Quality of	The nature, quality and appropriateness of the assaying and	Soil and rock samples collected for gold and base metal
	assay data	laboratory procedures used and whether the technique is	exploration are assayed using an aqua regia digest and are
	and	considered partial or total.	regarded to be a total digest enabling total values for target
	laboratory tests	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times,	elements to be measured. Mobile Metal Ion (MMI) is a proprietary partial digest method where loosely bounded ions in soil particles goes into solution. Analysis by inductively coupled
		calibrations factors applied and their derivation, etc.	plasma mass spectrometry (ICP-MS) technique is seen as the
		Nature of quality control procedures adopted (eg standards,	most cost effective technique for low level detection of gold and
		_blanks, duplicates, external laboratory checks) and whether _	base metals.
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	Criteria	JORC Code explanation	Commentary
		acceptable levels of accuracy (i.e. lack of bias) and precision	For the five RC holes targeting Ni and base metals, composite
		have been established.	samples were digested using four acid and analysed for 33
			elements using ICP-AES. Precious metals Au, Pd and Pt were
			measured using ICP-AES after Fire Assay. 1m re-splits of
			composite samples having >0.1% Zn and >0.3% Ni were also
			assayed using the same process as the composites.
			(Tabulated in Appendices 3 and 5).
			For surface sampling and drill samples no QA QC samples
			have been inserted and reliance is placed on laboratory
			procedures.
	Verification	The verification of significant intersections by either	Not carried out because laboratory QA QC procedures are
	of sampling	independent or alternative company personnel.	regarded as sufficient for surface samples.
	and	The use of twinned holes.	Data entry carried out by field personnel thus minimizing
	assaying	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	transcription or other errors. Trial plots in field and rigorous database procedures ensure that field and assay data are
		Discuss any adjustment to assay data.	merged accurately.
	Location of	Accuracy and quality of surveys used to locate drill holes (collar	Drill collars are surveyed by modern hand held GPS units with
	data points	and down-hole surveys), trenches, mine workings and other	accuracy of 5m which is sufficient accuracy for the purpose of
		locations used in Mineral Resource estimation.	compiling and interpreting results.
		Specification of the grid system used.	Topographic control 2-5m accuracy using published maps or
		Quality and adequacy of topographic control.	Shuttle Radar data is sufficient to evaluate topographic effects
			on assay distribution.
	Data	Data spacing for reporting of Exploration Results.	Sample spacing is established using the largest spacing
	spacing and	Whether the data spacing and distribution is sufficient to	possible for a likely target footprint to minimize cost. Issues
	distribution	establish the degree of geological and grade continuity	such as transported overburden which can blanket
		appropriate for the Mineral Resource and Ore Reserve	geochemistry response lead to a reduction in sample spacing.
		estimation procedure(s) and classifications applied.
		_Whether sample compositing has been applied. _
	Orientation	Whether the orientation of sampling achieves unbiased	Soil samples are collected on a staggered grid in order to
	of data in	sampling of possible structures and the extent to which this is	minimize orientation bias.
	relation to	known, considering the deposit type.	The RC drill holes are oriented at -60oand orthogonal to the
	geological structure	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and	strike of the modelled plate of the EM anomaly (See Appendix 2).
		reported if material.
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Criteria	JORC Code explanation	Commentary
Sample	The measures taken to ensure sample security.	Not regarded as an issue for soil samples and first pass aircore
security		samples beyond clear mark up and secure packaging to ensure
		safe arrival and accurate handling by personnel at assay
		facility. Aircore and RC residues retained in strong green
		plastic bags pending further sampling. Assay Pulps retained
		until final results have been evaluated.
Audits or	The results of any audits or reviews of sampling techniques	Orientation sampling overseen by geochemical consultants to
reviews	and data.	ensure best practice.

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	Cullen Exploration owns the tenements and Matsa has farmed
	tenement	including agreements or material issues with third parties such	in to the Killaloe Project and has earned 80% interest in the
	and land	as joint ventures, partnerships, overriding royalties, native title	project after spending $500,000 in exploration costs.
	tenure status	interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along	The project consists of 2 ELs and 4 Prospecting licenses. The Project is Located on Vacant Crown Land. The project is located within Native Title Claim No. 99/002 by
		with any known impediments to obtaining a license to operate	the Ngadju people.
		in the area.	A heritage agreement has been signed and exploration is
			carried out within the terms of that agreement.
			At the time of writing these licenses expire between 14thJune
			2013 and 8thJuly 2017.
	Exploration	Acknowledgment and appraisal of exploration by other parties.	Significant past work has been carried out by other parties for
	done by		both Ni and Au exploration including, surface geochemical
	other parties		sampling, ground electromagnetic surveys, RAB, aircore and RC drilling.
	Geology	Deposit type, geological setting and style of mineralisation.	The target is gold in shear controlled mineralization close to a
			splay of the Zuleika Shear within a distinctive corridor of mafic
			volcanic, ultramafic and metasediments.
			AnothertargetisKambalda styleNi hostedinultramaficrocks
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	Criteria	JORC Code explanation	Commentary
			within the project.
	Drill hole	A summary of all information material to the understanding of	Co ordinates and other attributes of aircore drillholes are
	Information	the exploration results including a tabulation of the following	included in Appendix 2. Each drilling programme will be
		information for all Material drill holes:	attached in this way as information becomes available.
		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
		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	Aggregation of downhole assay values for Zn were shown	for
	aggregation	techniques, maximum and/or minimum grade truncations (eg	intercepts containing >0.1% Zn. Intercepts were calculated by
	methods	cutting of high grades) and cut-off grades are usually Material	averaging length weighted intercept values for Zn (usually	4m
		and should be stated.	lengths). Raw un - aggregated Zn values have been included
		Where aggregate intercepts incorporate short lengths of high	in Appendix 3.
		grade results and longer lengths of low grade results, the
		procedure used for such aggregation should be stated and
		some typical examples of such aggregations should be shown
		in detail.
		The assumptions used for any reporting of metal equivalent
		_values should be clearly stated. _
	Relationship	These relationships are particularly important in the reporting of	All intercepts reported are measured in down-hole metres.
	between	Exploration Results.
	mineralisatio	If the geometry of the mineralisation with respect to the drill
	n widths and	hole angle is known, its nature should be reported.
	intercept lengths	If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down-hole length, true width not known’).
	Diagrams	Appropriate maps and sections (with scales) and tabulations of	Suitable summary plans have been included in the body of the
		intercepts should be included for any significant discovery	report.
		being reported These should include, but not be limited to a
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Criteria	JORC Code explanation	Commentary
	plan view of drill hole collar locations and appropriate sectional
	_views. _
Balanced	Where comprehensive reporting of all Exploration Results is	Not required at this stage.
reporting	not practicable, representative reporting of both low and high
	grades and/or widths should be practiced to avoid misleading
	_reporting of Exploration Results. _
Other	Other exploration data, if meaningful and material, should be	Surface geochemical review by ioGlobal consultants to
substantive	reported including (but not limited to): geological observations;	highlight Au targets.
exploration data	geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock	Infill soil sampling by Matsa of several prospects to enhance previously identified gold anomalies. Regional geochemical survey carried out by Matsa Resources
	characteristics; potential deleterious or contaminating	comprising 146 samples mostly at 400m centres on a
	substances.	staggered grid and infilled at 200m x 200m intervals. The
		targets referred to in the report were partly defined by this work.
		Field inspection of nickel targets defined from mapping and
		ground electromagnetic surveys.
Further work	The nature and scale of planned further work (eg tests for	Geophysical review of the latest 100-m spaced aeromagnetic
	lateral extensions or depth extensions or large-scale step-out	data of GSWA to enhance exploration targeting at Killaloe.
	drilling).	Further RC drilling to define continuity of Zn mineralization
	Diagrams clearly highlighting the areas of possible extensions,	within the graphitic shale units.
	including the main geological interpretations and future drilling
	_areas, provided this information is not commercially sensitive. _

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Appendix 2 – Drill Hole Location

Hole_ID	Hole_Type	Depth	Easting	Northing	RL	Dip	Azimuth	Target	Commodity
13KC026a	RC	161	405229	6455469	344	-60	234.5	KC26 EM conductor	Ni
13KC031	RC	220	406652	6454738	332	-60	54.5	KC31 EM conductor	Ni
13KC050	RC	114	399511	6462695	337	-60	54.5	KC50 EM conductor	Ni
13KC058	RC	220	399094	6463591	374	-60	54.5	Anomaly58 EM conductor	Ni
13KC059	RC	160	402481	6459895	302	-60	54.5	Beetroot East EM conductor	Ni

Appendix 3 – 4m Composite Assays

Hole_ID	mFrom	mTo	Sample_Type	Ag_ppm	As_ppm	Au_ppb	Co_ppm	Cu_ppm	Ni_ppm	Pb_ppm	Pd_ppb	Pt_ppb	Zn_ppm
13KC026a	0	4	COMP	1.5	9	2	132	117	627	11	13	16	89
13KC026a	4	8	COMP	0.5	29	2	11	350	582	12	14	30	114
13KC026a	8	12	COMP	-0.5	21	3	18	855	222	12	16	20	52
13KC026a	12	16	COMP	-0.5	16	-1	21	920	146	7	20	14	64
13KC026a	16	20	COMP	-0.5	-5	1	32	762	274	14	19	22	83
13KC026a	20	24	COMP	0.5	29	-1	81	780	638	24	14	10	233
13KC026a	24	28	COMP	-0.5	44	1	787	1085	2810	6	18	14	243
13KC026a	28	32	COMP	-0.5	88	5	1340	683	5600	1	12	15	294
13KC026a	32	36	COMP	-0.5	19	5	156	7	2210	2	10	6	64
13KC026a	36	40	COMP	0.8	53	6	117	24	2120	2	11	7	86
13KC026a	40	44	COMP	-0.5	26	10	91	2	1900	2	8	6	52
13KC026a	44	48	COMP	-0.5	61	1	117	18	1910	6	8	6	64
13KC026a	48	52	COMP	-0.5	20	-1	111	101	1820	5	7	8	117
13KC026a	52	56	COMP	-0.5	7	2	102	193	1570	7	7	5	223
13KC026a	56	60	COMP	-0.5	-5	1	87	52	1380	4	6	-5	86
13KC026a	60	64	COMP	0.6	6	-1	83	43	1430	3	5	-5	66
13KC026a	64	68	COMP	-0.5	14	1	88	37	1270	2	5	-5	82
13KC026a	68	72	COMP	-0.5	-5	-1	86	59	1410	4	7	-5	78
13KC026a	72	76	COMP	-0.5	-5	-1	80	42	1300	3	6	-5	70
13KC026a	76	80	COMP	-0.5	6	-1	88	42	1430	4	7	-5	75
13KC026a	80	84	COMP	-0.5	14	2	79	39	1460	4	5	-5	61
13KC026a	84	88	COMP	-0.5	-5	-1	85	61	1570	3	4	-5	68
13KC026a	88	92	COMP	-0.5	-5	1	84	67	1380	2	6	-5	80
13KC026a	92	96	COMP	-0.5	-5	-1	85	64	1410	3	6	-5	81
13KC026a	96	100	COMP	-0.5	6	1	84	52	1440	5	5	-5	73
13KC026a	100	104	COMP	-0.5	-5	-1	89	38	1490	4	5	-5	91
13KC026a	104	108	COMP	-0.5	33	4	91	4	1200	4	7	6	98
13KC026a	108	112	COMP	-0.5	-5	7	87	44	922	5	9	5	105
13KC026a	112	116	COMP	-0.5	-5	1	92	49	1060	2	8	6	92
13KC026a	124	128	COMP	-0.5	-5	1	128	431	1100	13	6	9	134
13KC026a	128	132	COMP	-0.5	78	3	78	30	1100	2	8	6	75
13KC026a	132	136	COMP	-0.5	-5	1	85	40	1530	3	5	-5	54
13KC026a	136	140	COMP	-0.5	48	4	85	27	1500	5	6	7	69
13KC026a	140	144	COMP	-0.5	133	8	85	14	1240	5	6	7	75
13KC026a	144	148	COMP	-0.5	13	3	93	80	1300	4	8	8	98
13KC026a	148	152	COMP	-0.5	10	2	92	36	1410	6	8	7	106
13KC026a	152	156	COMP	-0.5	-5	1	82	64	1500	6	6	6	73
13KC026a	156	160	COMP	-0.5	6	2	81	22	1320	6	5	5	83
13KC026a	160	161	COMP	-0.5	-5	1	84	56	1420	4	7	6	86
13KC031	0	4	COMP	-0.5	-5	2	41	47	129	12	-1	-5	117
13KC031	4	8	COMP	-0.5	5	3	75	73	445	9	3	-5	106
13KC031	8	12	COMP	-0.5	-5	3	155	130	1660	2	5	6	116
13KC031	12	16	COMP	-0.5	-5	3	115	117	1500	5	4	6	107
13KC031	16	20	COMP	-0.5	-5	1	144	129	1780	4	3	6	114
13KC031	20	24	COMP	-0.5	-5	2	136	106	2210	4	6	7	113
13KC031	28	32	COMP	-0.5	-5	4	105	114	1570	6	2	-5	107
13KC031	32	36	COMP	-0.5	-5	4	106	122	1670	5	3	6	99

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Matsa Resources Limited
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13KC031	36	40	COMP	-0.5	-5	2	100	128	1540	3	4	-5	98
13KC031	40	44	COMP	-0.5	-5	2	111	108	1680	2	4	-5	104
13KC031	44	48	COMP	-0.5	-5	2	98	102	1390	3	4	-5	89
13KC031	48	52	COMP	-0.5	-5	3	97	63	1480	4	4	-5	101
13KC031	52	56	COMP	-0.5	-5	42	98	93	1570	1	2	-5	119
13KC031	56	60	COMP	-0.5	-5	2	94	119	1270	3	3	-5	98
13KC031	60	64	COMP	-0.5	41	3	104	102	1610	6	3	-5	108
13KC031	64	68	COMP	-0.5	34	2	98	98	1500	3	4	-5	100
13KC031	68	72	COMP	-0.5	14	8	92	105	1320	6	5	6	98
13KC031	72	76	COMP	-0.5	9	11	77	56	944	8	6	7	148
13KC031	76	80	COMP	-0.5	-5	20	35	12	469	5	3	-5	100
13KC031	80	84	COMP	-0.5	-5	10	130	432	1230	3	7	8	2320
13KC031	84	88	COMP	-0.5	5	12	69	41	1040	4	4	5	132
13KC031	88	92	COMP	-0.5	11	2	108	106	1780	6	3	-5	96
13KC031	92	96	COMP	-0.5	-5	3	96	70	1690	3	3	-5	85
13KC031	96	100	COMP	-0.5	21	2	90	138	1180	3	3	-5	85
13KC031	100	104	COMP	0.6	-5	1	99	941	1350	1	2	-5	113
13KC031	104	108	COMP	-0.5	-5	1	96	178	1540	7	4	-5	98
13KC031	108	112	COMP	-0.5	-5	-1	97	53	1800	4	4	-5	84
13KC031	116	120	COMP	-0.5	-5	7	44	9	83	10	-1	-5	166
13KC031	120	124	COMP	-0.5	-5	2	41	4	70	3	-1	-5	165
13KC031	124	128	COMP	-0.5	-5	2	47	22	85	5	-1	-5	153
13KC031	128	132	COMP	-0.5	6	2	45	7	82	3	-1	-5	154
13KC031	132	136	COMP	-0.5	-5	1	38	5	111	4	1	-5	143
13KC031	136	140	COMP	-0.5	-5	1	37	18	82	2	-1	-5	132
13KC031	140	144	COMP	-0.5	-5	2	38	36	108	4	2	-5	124
13KC031	144	148	COMP	-0.5	7	1	43	26	118	3	1	-5	130
13KC031	148	152	COMP	-0.5	-5	1	42	23	122	2	1	-5	124
13KC031	152	156	COMP	-0.5	-5	3	45	27	121	3	1	5	134
13KC031	156	160	COMP	-0.5	-5	3	41	55	125	1	-1	-5	123
13KC031	160	164	COMP	-0.5	-5	2	42	8	125	1	2	-5	124
13KC031	164	168	COMP	-0.5	-5	2	40	11	99	7	2	-5	127
13KC031	168	172	COMP	-0.5	-5	-1	46	10	170	4	1	-5	116
13KC031	172	176	COMP	-0.5	-5	1	33	30	96	12	1	-5	163
13KC031	176	180	COMP	-0.5	-5	-1	42	4	120	10	2	-5	137
13KC031	180	184	COMP	-0.5	-5	1	35	2	112	6	-1	-5	129
13KC031	184	188	COMP	-0.5	-5	-1	35	15	98	16	2	-5	241
13KC031	188	192	COMP	-0.5	-5	1	39	24	143	11	2	-5	222
13KC031	192	196	COMP	-0.5	-5	1	37	18	143	6	3	-5	144
13KC031	196	200	COMP	-0.5	-5	4	35	28	122	4	4	-5	178
13KC031	200	204	COMP	-0.5	-5	1	41	61	147	9	3	-5	192
13KC031	204	208	COMP	-0.5	-5	-1	41	70	136	13	-1	-5	202
13KC031	208	212	COMP	-0.5	-5	1	40	35	141	14	1	-5	188
13KC031	212	216	COMP	-0.5	-5	1	39	32	133	14	1	-5	169
13KC031	216	220	COMP	-0.5	5	1	36	10	135	5	2	-5	191
13KC050	0	4	COMP	-0.5	23	5	157	60	1065	5	8	6	81
13KC050	4	8	COMP	-0.5	65	2	186	50	1765	3	9	6	77
13KC050	8	12	COMP	-0.5	39	1	89	59	1225	3	6	-5	68
13KC050	12	16	COMP	-0.5	41	2	77	37	1035	6	7	-5	56
13KC050	16	20	COMP	-0.5	20	1	85	25	1090	3	7	6	50
13KC050	20	24	COMP	-0.5	44	1	90	33	1090	3	11	8	62
13KC050	24	28	COMP	-0.5	60	7	125	44	1180	4	12	-5	72
13KC050	28	32	COMP	-0.5	80	1	102	48	954	3	9	-5	73
13KC050	32	36	COMP	-0.5	42	-1	96	47	730	5	8	-5	75
13KC050	36	40	COMP	-0.5	7	2	89	45	387	6	9	7	104
13KC050	40	44	COMP	-0.5	-5	4	59	64	179	18	4	-5	99
13KC050	44	48	COMP	-0.5	-5	4	41	80	127	8	4	-5	86
13KC050	48	52	COMP	-0.5	8	13	44	84	110	6	2	-5	92
13KC050	52	56	COMP	-0.5	-5	3	39	104	101	2	4	-5	125
13KC050	56	60	COMP	-0.5	-5	3	44	156	67	2	5	-5	98
13KC050	60	64	COMP	-0.5	-5	2	42	86	50	2	6	5	97
13KC050	64	68	COMP	-0.5	-5	5	43	85	46	3	10	7	97

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Matsa Resources Limited
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13KC050	68	72	COMP	-0.5	-5	4	37	60	61	2	10	5	71
13KC050	72	76	COMP	0.5	28	32	58	42	332	4	6	5	81
13KC050	76	80	COMP	-0.5	42	5	94	71	868	5	6	-5	129
13KC050	80	84	COMP	1.4	136	2	81	41	699	3	10	7	336
13KC050	84	88	COMP	-0.5	7	16	46	306	108	32	4	-5	786
13KC050	88	92	COMP	1.5	-5	6	48	384	106	28	6	-5	679
13KC050	92	96	COMP	-0.5	21	3	59	434	136	13	10	6	504
13KC050	96	100	COMP	-0.5	48	4	74	566	107	22	9	-5	1060
13KC050	100	104	COMP	0.8	34	11	70	528	138	63	2	-5	2560
13KC050	104	108	COMP	0.5	15	6	66	593	108	53	2	-5	607
13KC050	108	112	COMP	3	21	35	49	609	98	559	3	-5	42000
13KC050	112	114	COMP	1.5	8	4	52	202	119	33	10	10	1750
13KC058	0	4	COMP	-0.5	22	1	61	42	331	5	5	5	43
13KC058	4	8	COMP	-0.5	99	-1	175	66	440	5	15	11	71
13KC058	8	12	COMP	-0.5	53	-1	191	52	319	4	14	8	50
13KC058	12	16	COMP	-0.5	10	6	84	57	133	3	4	5	38
13KC058	16	20	COMP	-0.5	-5	5	43	56	97	4	4	-5	40
13KC058	20	24	COMP	-0.5	-5	1	34	55	79	2	2	-5	44
13KC058	24	28	COMP	-0.5	-5	1	34	53	78	2	3	-5	41
13KC058	28	32	COMP	-0.5	-5	-1	35	41	67	4	4	-5	37
13KC058	32	36	COMP	-0.5	-5	-1	34	39	73	3	3	6	37
13KC058	36	40	COMP	-0.5	-5	-1	33	73	67	3	6	6	40
13KC058	40	44	COMP	-0.5	-5	1	33	45	64	2	9	5	35
13KC058	44	48	COMP	-0.5	-5	-1	30	28	53	3	8	6	31
13KC058	48	52	COMP	-0.5	5	1	34	37	55	2	6	7	37
13KC058	52	56	COMP	-0.5	5	1	38	55	60	4	7	8	47
13KC058	56	60	COMP	-0.5	11	-1	39	63	57	5	8	9	42
13KC058	60	64	COMP	-0.5	-5	-1	36	47	55	3	9	11	38
13KC058	64	68	COMP	-0.5	9	1	40	49	49	4	8	12	41
13KC058	68	72	COMP	-0.5	-5	1	40	62	55	4	11	12	47
13KC058	72	76	COMP	-0.5	-5	1	41	130	37	3	7	17	60
13KC058	76	80	COMP	-0.5	-5	2	41	97	51	3	15	21	55
13KC058	80	84	COMP	-0.5	8	6	43	110	46	3	59	102	59
13KC058	84	88	COMP	-0.5	6	1	43	103	40	3	58	72	63
13KC058	88	92	COMP	-0.5	6	6	45	170	40	2	58	52	74
13KC058	92	96	COMP	-0.5	6	4	42	148	39	8	23	17	67
13KC058	96	100	COMP	-0.5	14	4	52	165	30	4	5	7	69
13KC058	100	104	COMP	-0.5	5	2	42	129	30	1	-1	-5	66
13KC058	104	108	COMP	-0.5	-5	-1	39	55	33	4	-1	-5	56
13KC058	108	112	COMP	-0.5	-5	2	38	104	29	2	-1	-5	66
13KC058	112	116	COMP	-0.5	8	1	32	63	26	4	-1	-5	56
13KC058	116	120	COMP	-0.5	-5	1	30	14	31	1	2	9	70
13KC058	120	124	COMP	-0.5	-5	2	37	61	33	2	-1	-5	77
13KC058	124	128	COMP	-0.5	-5	1	36	74	37	6	9	9	70
13KC058	128	132	COMP	-0.5	-5	1	41	66	35	4	15	15	62
13KC058	132	136	COMP	-0.5	-5	-1	34	37	34	3	13	15	46
13KC058	136	140	COMP	-0.5	-5	1	41	76	33	3	8	10	59
13KC058	140	144	COMP	-0.5	-5	2	39	66	40	2	13	16	61
13KC058	144	148	COMP	-0.5	6	-1	38	35	29	2	4	5	56
13KC058	148	152	COMP	-0.5	-5	-1	36	37	25	4	-1	-5	42
13KC058	152	156	COMP	-0.5	-5	1	38	47	29	2	-1	-5	54
13KC058	156	160	COMP	-0.5	-5	1	39	63	31	5	-1	-5	64
13KC058	160	164	COMP	-0.5	12	1	40	25	27	1	1	-5	69
13KC058	164	168	COMP	-0.5	27	6	44	50	36	1	7	7	59
13KC058	168	172	COMP	-0.5	105	30	40	127	44	1	8	9	79
13KC058	172	176	COMP	-0.5	30	4	36	140	41	3	1	-5	98
13KC058	176	180	COMP	-0.5	34	5	36	109	53	4	3	-5	71
13KC058	180	184	COMP	-0.5	33	8	40	115	75	2	22	15	56
13KC058	184	188	COMP	-0.5	-5	9	60	103	258	10	8	5	270
13KC058	188	192	COMP	-0.5	13	-1	91	50	673	6	9	6	87
13KC058	192	196	COMP	-0.5	25	-1	96	72	849	4	8	6	74
13KC058	196	200	COMP	-0.5	40	132	90	56	824	5	6	-5	64

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13KC058	200	204	COMP	-0.5	-5	6	54	65	296	5	19	11	81
13KC058	204	208	COMP	-0.5	19	3	50	142	216	7	9	6	315
13KC058	208	212	COMP	-0.5	-5	2	39	271	87	39	2	-5	899
13KC058	212	216	COMP	-0.5	6	3	57	285	155	14	4	-5	166
13KC058	216	220	COMP	0.7	-5	13	60	585	133	85	3	-5	2820
13KC059	0	4	COMP	-0.5	7	-1	82	50	797	7	7	9	74
13KC059	4	8	COMP	-0.5	6	-1	88	68	982	7	5	8	78
13KC059	8	12	COMP	-0.5	-5	-1	81	41	999	4	5	6	66
13KC059	12	16	COMP	-0.5	-5	-1	76	61	950	5	5	6	67
13KC059	16	20	COMP	-0.5	-5	-1	83	91	955	4	8	8	71
13KC059	20	24	COMP	-0.5	-5	1	86	46	944	4	9	11	75
13KC059	24	28	COMP	-0.5	-5	-1	87	35	1030	4	6	6	63
13KC059	28	32	COMP	-0.5	-5	-1	81	51	1130	5	6	7	75
13KC059	32	36	COMP	-0.5	-5	-1	83	57	1350	4	6	6	70
13KC059	36	40	COMP	-0.5	7	42	83	61	1040	3	6	5	82
13KC059	40	44	COMP	-0.5	20	1	82	45	953	6	6	8	87
13KC059	44	48	COMP	-0.5	61	3	103	69	1250	4	6	5	80
13KC059	48	52	COMP	-0.5	42	2	86	57	1350	3	4	5	71
13KC059	52	56	COMP	-0.5	36	-1	88	51	1420	5	6	5	60
13KC059	56	60	COMP	-0.5	85	4	86	38	1290	4	5	7	62
13KC059	60	64	COMP	-0.5	58	-1	94	46	1250	4	6	6	73
13KC059	64	68	COMP	-0.5	63	1	83	39	1180	6	7	8	69
13KC059	68	72	COMP	-0.5	62	1	90	81	1270	6	5	7	291
13KC059	72	76	COMP	-0.5	52	-1	103	69	1310	9	7	8	313
13KC059	76	80	COMP	-0.5	74	-1	94	97	1390	8	6	6	233
13KC059	80	84	COMP	-0.5	-5	-1	101	112	1240	8	6	7	265
13KC059	84	88	COMP	-0.5	14	-1	94	85	1360	8	6	7	267
13KC059	88	92	COMP	-0.5	16	-1	97	120	1220	7	7	6	349
13KC059	92	96	COMP	-0.5	-5	1	104	193	1240	10	6	6	299
13KC059	96	100	COMP	-0.5	-5	-1	112	162	1360	9	8	9	262
13KC059	100	104	COMP	-0.5	-5	-1	87	88	1170	9	6	8	207
13KC059	104	108	COMP	-0.5	-5	-1	88	86	1180	8	6	7	218
13KC059	108	112	COMP	-0.5	9	1	93	83	1270	3	7	8	285
13KC059	112	116	COMP	-0.5	18	3	96	149	1230	11	5	6	463
13KC059	116	120	COMP	-0.5	6	6	102	220	1160	18	6	8	944
13KC059	120	124	COMP	0.5	10	6	151	468	1480	64	9	7	2270
13KC059	124	128	COMP	-0.5	89	2	141	178	1790	17	8	10	748
13KC059	128	132	COMP	-0.5	65	5	137	180	1560	18	11	11	718
13KC059	132	136	COMP	-0.5	73	2	94	140	1180	15	5	5	692
13KC059	136	140	COMP	0.7	5	4	112	489	1040	60	4	5	2470
13KC059	140	144	COMP	0.5	-5	1	85	245	853	28	5	6	1075
13KC059	144	148	COMP	-0.5	19	2	85	109	913	8	6	9	391
13KC059	148	152	COMP	-0.5	-5	5	99	179	1115	21	5	7	779
13KC059	152	156	COMP	-0.5	7	2	67	92	718	16	4	5	359
13KC059	156	160	COMP	-0.5	-5	7	94	130	959	12	3	6	532

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Appendix 4 – 4m Composite Assay Ranges

Element	Detection	Unit	# of Samples	Min	Max
Au	1	ppb	220	-1	132
Ag	0.5	ppm	220	-0.5	3
Al	0.01	%	220	0.94	13.05
As	5	ppm	220	-5	136
Ba	10	ppm	220	-10	570
Be	0.5	ppm	220	-0.5	1.2
Bi	2	ppm	220	-2	4
Ca	0.01	%	220	0.01	12.07
Cd	0.5	ppm	220	-0.5	81.5
Co	1	ppm	220	11	1340
Cr	1	ppm	220	5	3870
Cu	1	ppm	220	2	1085
Fe	0.01	%	220	3.27	30.7
Ga	10	ppm	220	-10	60
K	0.01	%	220	-0.01	2.59
La	10	ppm	220	-10	20
Mg	0.01	%	220	0.1	16.85
Mn	5	ppm	220	120	4950
Mo	1	ppm	220	-1	10

Element	Detection	Unit	# of Samples	Min	Max
Na	0.01	%	220	0.01	3.28
Ni	1	ppm	220	25	5600
Pb	2	ppm	220	1	559
Pd	1	ppb	220	-1	59
Pt	5	ppb	220	-5	102
S	0.01	%	220	-0.01	7.53
Sb	5	ppm	220	-5	-5
Sc	1	ppm	220	7	54
Sr	1	ppm	220	1	407
Th	20	ppm	220	-20	-20
Ti	0.01	%	220	0.06	0.91
Tl	10	ppm	220	-10	10
U	10	ppm	220	-10	-10
V	1	ppm	220	45	562
W	10	ppm	220	-10	1040
Zn	2	ppm	220	31	>10000
Zr	5	ppm	220	-5	261
Zn OG	0.001	%	1	4.20	4.20

Appendix 5 – 1m Re-split Assays

Hole_ID	mFrom	mTo	Sample_Type	Au_ppb	Ag_ppm	As_ppm	Co_ppm	Cu_ppm	Ni_ppm	Pb_ppm	Pd_ppb	Pt_ppb	Zn_ppm
13KC026a	24	25	CHIPS	1	-0.5	47	49	502	1300	2	20	18	140
13KC026a	25	26	CHIPS	5	3.8	40	63	843	1800	3	19	14	242
13KC026a	26	27	CHIPS	-1	3	36	54	727	1030	3	14	7	172
13KC026a	27	28	CHIPS	1	-0.5	27	365	724	1260	9	20	25	117
13KC026a	28	29	CHIPS	-1	-0.5	83	1730	1820	5450	7	16	24	362
13KC026a	29	30	CHIPS	4	-0.5	112	597	363	5570	-2	12	15	257
13KC026a	30	31	CHIPS	1	-0.5	47	691	290	3990	-2	12	17	192
13KC026a	31	32	CHIPS	2	-0.5	5	224	83	2550	2	5	9	110
13KC026a	32	33	CHIPS	6	-0.5	-5	119	20	1750	-2	3	7	66
13KC026a	33	34	CHIPS	3	-0.5	-5	195	14	2260	-2	10	12	58
13KC026a	34	35	CHIPS	1	-0.5	17	136	13	1910	-2	8	9	43
13KC026a	35	36	CHIPS	6	-0.5	28	103	15	2330	-2	7	7	57
13KC026a	37	38	CHIPS	1	-0.5	105	174	79	2810	-2	11	14	109
13KC026a	38	39	CHIPS	5	-0.5	67	131	33	1880	-2	9	11	76
13KC026a	39	40	CHIPS	12	-0.5	64	89	14	1860	-2	7	7	61
13KC026a	40	41	CHIPS	16	-0.5	29	83	12	1680	-2	7	6	47
13KC026a	41	42	CHIPS	11	-0.5	16	87	13	1800	3	7	6	46
13KC026a	42	43	CHIPS	9	-0.5	14	90	12	1810	-2	4	7	44
13KC026a	43	44	CHIPS	-1	-0.5	30	102	14	1930	-2	8	7	42
13KC026a	44	45	CHIPS	-1	-0.5	26	105	14	1910	-2	8	7	45
13KC026a	45	46	CHIPS	1	-0.5	38	101	16	2000	-2	9	9	48
13KC026a	46	47	CHIPS	2	-0.5	94	106	26	1960	-2	9	9	56
13KC026a	47	48	CHIPS	1	-0.5	66	150	45	1940	5	6	10	74
13KC026a	48	49	CHIPS	1	-0.5	26	99	21	1640	-2	3	6	59
13KC026a	49	50	CHIPS	2	-0.5	19	115	67	1780	10	4	10	118
13KC026a	50	51	CHIPS	-1	-0.5	19	122	123	1880	3	5	12	124
13KC026a	51	52	CHIPS	-1	-0.5	9	100	142	1550	7	4	8	112
13KC031	16	17	CHIPS	-1	-0.5	-5	131	126	1560	-2	3	5	97
13KC031	17	18	CHIPS	-1	-0.5	-5	164	141	1780	-2	4	7	107
13KC031	18	19	CHIPS	-1	-0.5	8	115	132	1530	-2	3	5	93
13KC031	19	20	CHIPS	1	-0.5	-5	105	114	1480	-2	2	-5	90
13KC031	20	21	CHIPS	56	-0.5	-5	110	104	1410	-2	52	52	85
13KC031	21	22	CHIPS	1	-0.5	-5	103	102	1710	-2	2	-5	92
13KC031	22	23	CHIPS	1	-0.5	-5	168	121	3400	2	6	8	131

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13KC031	23	24	CHIPS	1	-0.5	-5	156	121	2190	-2	5	5	123
13KC031	80	81	CHIPS	7	-0.5	-5	80	18	852	3	5	7	126
13KC031	81	82	CHIPS	10	-0.5	-5	104	334	1200	-2	4	8	2040
13KC031	82	83	CHIPS	14	-0.5	-5	226	1300	1860	6	8	7	3990
13KC031	83	84	CHIPS	5	-0.5	-5	51	44	559	-2	2	5	386
13KC031	88	89	CHIPS	3	-0.5	9	97	88	1610	-2	3	5	98
13KC031	89	90	CHIPS	3	-0.5	11	101	107	1510	3	2	-5	96
13KC031	90	91	CHIPS	2	-0.5	-5	100	100	1690	-2	1	-5	84
13KC031	91	92	CHIPS	2	-0.5	-5	109	136	1830	-2	2	-5	86
13KC031	108	109	CHIPS	1	-0.5	-5	97	73	1570	-2	1	-5	97
13KC031	109	110	CHIPS	-1	-0.5	-5	93	50	1530	2	2	-5	59
13KC031	110	111	CHIPS	1	-0.5	-5	92	61	1790	-2	1	-5	68
13KC031	111	112	CHIPS	-1	-0.5	-5	95	50	1660	-2	-1	-5	64
13KC050	80	81	CHIPS	2	-0.5	21	98	132	1010	-2	5	6	117
13KC050	81	82	CHIPS	1	-0.5	230	77	69	880	-2	5	7	106
13KC050	82	83	CHIPS	1	-0.5	131	82	15	756	-2	7	8	151
13KC050	83	84	CHIPS	-1	-0.5	5	52	12	229	-2	15	16	740
13KC050	88	89	CHIPS	10	-0.5	10	33	164	69	30	-1	-5	686
13KC050	89	90	CHIPS	15	0.5	7	38	310	81	41	-1	-5	1020
13KC050	90	91	CHIPS	5	-0.5	-5	57	468	124	17	8	8	717
13KC050	91	92	CHIPS	6	-0.5	-5	68	631	125	8	8	9	385
13KC050	96	97	CHIPS	13	0.5	41	123	850	159	16	26	18	358
13KC050	97	98	CHIPS	-1	-0.5	17	28	261	71	4	2	-5	390
13KC050	98	99	CHIPS	1	-0.5	62	71	388	93	16	3	-5	435
13KC050	99	100	CHIPS	3	-0.5	23	45	300	68	33	-1	-5	2230
13KC050	100	101	CHIPS	12	1	23	62	662	125	89	-1	-5	3180
13KC050	101	102	CHIPS	1	-0.5	33	43	230	96	16	1	-5	673
13KC050	102	103	CHIPS	2	0.5	13	72	529	135	50	1	-5	1900
13KC050	103	104	CHIPS	11	0.8	9	74	621	131	77	2	-5	3150
13KC050	104	105	CHIPS	3	0.8	17	98	881	131	65	1	-5	704
13KC050	105	106	CHIPS	3	0.5	5	60	583	121	59	1	-5	842
13KC050	106	107	CHIPS	5	-0.5	11	54	368	71	48	2	-5	471
13KC050	107	108	CHIPS	1	0.5	39	81	608	114	54	2	-5	257
13KC050	108	109	CHIPS	1	0.6	-5	51	449	75	69	1	-5	397
13KC050	109	110	CHIPS	5	0.7	-5	45	519	77	67	4	-5	3170
13KC050	110	111	CHIPS	35	5.1	25	68	856	144	975	3	-5	80400
13KC050	111	112	CHIPS	11	2.4	97	35	481	72	840	6	12	25900
13KC050	112	113	CHIPS	5	0.25	9	40	293	95	43	9	13	2170
13KC050	113	114	CHIPS	2	0.25	7	49	324	109	70	11	12	4080
13KC058	80	81	CHIPS	-1	-0.5	-5	44	85	45	3	25	44	75
13KC058	81	82	CHIPS	-1	-0.5	-5	43	69	46	2	52	94	75
13KC058	82	83	CHIPS	3	-0.5	-5	46	115	55	-2	55	84	70
13KC058	83	84	CHIPS	5	-0.5	-5	43	143	46	-2	40	71	67
13KC058	84	85	CHIPS	-1	-0.5	-5	44	47	52	3	66	100	60
13KC058	85	86	CHIPS	1	-0.5	-5	47	47	52	-2	89	109	61
13KC058	86	87	CHIPS	9	-0.5	-5	47	161	48	-2	100	82	75
13KC058	87	88	CHIPS	2	-0.5	-5	51	156	33	-2	25	23	85
13KC058	88	89	CHIPS	2	-0.5	-5	47	167	23	-2	8	13	89
13KC058	89	90	CHIPS	2	-0.5	7	49	147	44	2	81	65	64
13KC058	90	91	CHIPS	8	-0.5	-5	47	182	48	-2	84	67	73
13KC058	91	92	CHIPS	6	-0.5	-5	47	192	51	-2	53	55	85
13KC058	196	197	CHIPS	1	-0.5	19	87	29	782	-2	6	6	71
13KC058	197	198	CHIPS	65	-0.5	35	104	32	991	-2	6	6	74
13KC058	198	199	CHIPS	2	-0.5	38	103	71	1060	2	8	5	69
13KC058	199	200	CHIPS	3	-0.5	11	85	89	959	-2	7	6	67
13KC059	120	121	CHIPS	3	-0.5	-5	103	305	1225	25	8	6	763
13KC059	121	122	CHIPS	7	0.8	5	142	566	1195	69	7	7	3310
13KC059	122	123	CHIPS	6	0.7	-5	136	531	937	73	6	5	3870
13KC059	123	124	CHIPS	-1	0.25	-5	162	260	1945	24	12	11	708
13KC059	124	125	CHIPS	4	0.25	12	132	246	1540	14	7	7	1510
13KC059	125	126	CHIPS	3	0.25	18	146	257	1730	16	9	10	1075
13KC059	126	127	CHIPS	-1	-0.5	178	159	83	2330	6	9	9	196

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13KC059	136	137	CHIPS	-1	0.25	6	100	256	1160	33	8	6	1200
13KC059	137	138	CHIPS	1	0.6	11	94	372	944	35	6	5	1890
13KC059	138	139	CHIPS	8	1	-5	120	779	969	81	6	-5	3870
13KC059	139	140	CHIPS	4	1.2	6	149	772	761	114	6	-5	5200
13KC059	140	141	CHIPS	-1	0.25	-5	83	183	1060	12	7	5	576
13KC059	141	142	CHIPS	1	0.25	-5	90	389	921	28	7	6	1445
13KC059	142	143	CHIPS	5	0.6	-5	90	390	647	64	2	5	2280
13KC059	143	144	CHIPS	2	-0.5	20	86	97	988	6	5	7	334

Appendix 6 – 1m Re-split Assay Ranges

Element	Detection	Unit	# of Samples	Min	Max		Element	Detection	Unit	# of Samples	Min	Max
Au	1	ppb	104	-1	65		Na	0.01	%	104	0.01	2.98
Ag	0.5	ppm	104	-0.2	5.1		Ni	1	ppm	104	23	5570
Al	0.01	%	104	0.79	9.33		P	10	ppm	104	20	2350
As	5	ppm	104	-5	230		Pb	2	ppm	104	-2	975
Ba	10	ppm	104	-10	480		Pd	1	ppb	104	-1	100
Be	0.5	ppm	104	-0.5	1.4		Pt	5	ppb	104	-5	109
Bi	2	ppm	104	-2	3		S	0.01	%	104	-0.01	10
Ca	0.01	%	104	0.01	9.23		Sb	5	ppm	104	-5	10
Cd	0.5	ppm	104	-0.5	159.5		Sc	1	ppm	104	-1	11
Co	1	ppm	104	28	1730		Sr	1	ppm	104	3	620
Cr	1	ppm	104	6	5090		Th	20	ppm	104	-20	-20
Cu	1	ppm	104	12	1820		Ti	0.01	%	104	0.12	0.66
Fe	0.01	%	104	2.95	36.3		Tl	10	ppm	104	-10	10
Ga	10	ppm	104	-10	30		U	10	ppm	104	-10	-10
K	0.01	%	104	-0.01	3.06		V	1	ppm	104	1	116
La	10	ppm	104	-10	30		W	10	ppm	104	-10	2320
Mg	0.01	%	104	0.22	17.35		Zn	2	ppm	104	420	>10000
Mn	5	ppm	104	76	5510		Zn OG	0.001	%	2	2.59	8.04
Mo	1	ppm	104	-1	6

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