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DART MINING NL Capital/Financing Update 2018

May 9, 2018

64792_rns_2018-05-09_917e718d-18d2-40d4-aed5-d9c828c8955c.pdf

Capital/Financing Update

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ASX Release

10 May, 2018

LITHIUM EXPLORATION UPDATE

SIGNIFICANT LITHIUM MINERALISATION DISCOVERED IN PEGMATITES OF THE MOUNT DORCHAP RANGE, VICTORIA

Highlights

  • Ground follow-up of multiple targets defined by a first phase helicopter survey has discovered lithium-mineralised pegmatites;

  • A second phase helicopter survey has recently been completed producing additional targets for follow-up;

  • Boots-on-the-ground follow-up shows some pegmatite dykes contain abundant, coarsegrained petalite (LiAlSi4O10), a common lithium ore mineral;

  • Significant rock chip assays of pegmatite dykes include:

  • Sample ESK013: 2.37 % Li2O ( Dorchap North )

  • Sample ESK047: 1.04 % Li2O ( Dorchap South )

  • Sample ESK011: 0.88 % Li2O ( Dorchap North )

  • Planned work includes:

  • Continued ground follow-up of the numerous targets defined by the helicopter surveys.

  • Upgrading tracks in the rugged, heavily vegetated terrain to provide better access to many targets for examination and possible drill testing;

  • Detailed geological mapping to define the size of the mineralised pegmatites, and extensive rock-chip sampling to define grade variations preparatory to drill testing.

Almost two years ago, Dart Mining N L (Dart) adopted a strategy to explore the regionally extensive Dorchap Dyke Swarm in eastern Victoria primarily for lithium, with tin and tantalum being secondary target commodities. The Dyke Swarm consists of thousands of dykes of variable composition and size and extends for approximately 60 kilometres from Glen Wills to north of Eskdale. Importantly, many of the dykes are pegmatites that potentially contain lithium-bearing minerals.

Dart, the first company to explore the Dorchap Dyke Swarm for lithium, has achieved a significant exploration breakthrough in recent times.

Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia

Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au

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Since Dart’s last exploration update, (ASX:DTM 20 March 2018) field exploration has focused on pegmatite dyke targets in the Mount Dorchap target area. The strategy of focussing on large-scale pegmatite targets visually identified from the helicopter survey has provided excellent vectoring towards the pegmatite bodies. Subsequent boots-on-the-ground examinations, geochemical sampling and mineralogical testing of multiple pegmatites outcrops have led to the discovery of pegmatites containing coarse-grained petalite (Figure 1). Petalite (LiAlSi4O10) is commonly mined as a lithium ore. This development significantly upgrades the potential of the target area.

Lithium ore mineral identification

Mineralogical testing involved the analysis of selectively sampled single large crystals of the type shown in Figures 1a and 1b. X-ray diffraction (XRD) coupled with optical microscopy was used to positively identify mineral phases. Results demonstrate abundant phases of the lithium ore mineral petalite (LiAlSi4O10) to be present. Elsewhere in the world, petalite is contained in many lithium pegmatite ore bodies commonly associated with spodumene. Considerable further testing will be necessary before the mineralogical characteristics of the target pegmatites are adequately understood. Dart has previously announced (ASX:DTM 3 April 2017) that it had identified spodumene within multiple dykes by X-ray diffraction (XRD) and petrological examination.

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a b
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Figure 1a: Pegmatite dyke with large petalite crystals (approx. 14X7 cm). Figure 1b: Pegmatite dyke hosting a 30x10 cm petalite crystal.

Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au

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Geochemical sampling

Many pegmatites dykes examined recently are 15-30+ m wide generally with strike lengths yet to be determined. Several dykes are known to be more than 500m long, but detailed mapping will be necessary to determine dyke lengths and widths in the heavily vegetated terrain. Due to the substantial widths of the dykes, composite sampling was conducted across the dykes. At present, exploration is focussed on the northern part of EL5315 (Figure 2) where the highest values of lithium have been observed. Although significant work has been undertaken to locate and sample numerous pegmatites in a preliminary fashion, there is still much work to be done before spatial and chemical trends can be defined. Highlights from the recent sampling program are included in Table 1 and full results and locations are listed in Table 2. The highest value was observed from sample ESK013 (2.37 % Li2O) and is shown as the large red dot in Figure 2, within the Dorchap North zone; it is a priority area for further investigation. The second-highest value from the recent program is sample ESK047 (1.04 % Li2O) from a pegmatite located 17.5 km south-east of the location of ESK013. This yields a new area of interest (Dorchap South) and will be investigated further in due course.

Table 1: Samples from Mount Dorchap demonstrating significant lithium mineralisation .

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Sample ID Li2O % []
ESK013 2.37
ESK047 1.04
ESK011 0.88
ESK044 0.20
ESK011
ESK044
ESK013
ESK047
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Figure 2: Satellite imagery showing the location and magnitude of recent rock chip samples with respect to concentrations of Li2O %. Note the distribution of lithium in pegmatite dykes within the Mount Dorchap Range area respective to Dart Mining’s exploration licenses. The dyke data was obtained by government geological survey datasets and should not be considered comprehensive for the area. Note defined trend of known dykes that occur within Dart Mining’s License areas.

Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au

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Second phase helicopter survey

Given the success of the initial helicopter survey, a second survey was recently undertaken. Again, this has provided the ground exploration team with additional targets for follow-up (Figure 3). It is anticipated that continued ground follow-up and sampling of these targets will generate better vectors to significant lithium mineralisation. In particular, it may provide information on how the compositions of the pegmatites vary with depth.

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Figure 3: Satellite imagery showing data points for ground follow-up and geochemical sampling. Phase one targets (green) phase two targets (red).

Dart’s Managing Director, James Chirnside, commented: “We are very encouraged by the discovery of coarse petalite, an important lithium ore mineral, in pegmatites of the Dorchap Dyke Swarm, as it indicates that Dart now has a major and exciting exploration program on its hands. I believe that pegmatites hosting coarse petalite of the type we have found have never been seen in Victoria previously. We fortunately have a huge land position, but importantly our recent discoveries have provided the necessary focus within this large area for detailed exploration. An expanded and accelerated exploration program is definitely warranted and we expect to drill test multiple targets in coming months.”

Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au

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ATTRIBUTION: Competent Person’s Statement

The information in this report that relates to Exploration Results is based on information reviewed by Chris Bain B App Sc (Geol), a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Bain is an independent consultant. Mr Bain has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Bain consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

James Chirnside,

Managing Director

FORWARD-LOOKING STATEMENTS

This document may contain certain forward-looking statements which have not been based solely on historical facts but rather on Dart’s expectations about future events and on a number of assumptions which are subject to significant risks, uncertainties and contingencies many of which are outside the control of Dart and its directors, officers and advisers. Forward-looking statements include, but are not necessarily limited to, statements concerning Dart’s planned exploration program, strategies and objectives of management, anticipated dates and expected costs or outputs. When used in this document, words such as “could”, “plan”, “estimate” “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements. Due care and attention has been taken in the preparation of this document and although Dart believes that its expectations reflected in any forward-looking statements made in this document are reasonable, no assurance can be given that actual results will be consistent with these forward-looking statements. This document should not be relied upon as providing any recommendation or forecast by Dart or its directors, officers or advisers. To the fullest extent permitted by law, no liability, however arising, will be accepted by Dart or its directors, officers or advisers, as a result of any reliance upon any forward-looking statement contained in this document

Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia

Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au

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Table 2: Assay results and locations for rock chip samples from the Mount Dorchap project area.

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Sample ID Tenement East North Field Li Nb Sn Ta Li2O Method
term (ppm) (ppm) (ppm) (ppm) (%)
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ESK001
EL5315
524244
5959606
pegmatite
22
68
100
26.5
0.00
ICP003
ESK002
EL006300
522095
5960822
pegmatite
63
29
46
10.5
0.01
ICP003
ESK003
EL006300
521731
5961289

pegmatite
55
11
30
3.5
0.01
ICP003
ESK004
EL5315
523840
5959722
pegmatite
72
59
98
31
0.02
ICP003
ESK005
EL5315
524244
5959784

pegmatite
43
50
84.5
16.5
0.01
ICP003
ESK006
EL006300
520883
5967717
pegmatite
61
78
427
59
0.01
ICP003
ESK007
EL006300
518809
5965729

pegmatite
54
9
26.5
3.5
0.01
ICP003
ESK008
EL006300
517204
5962141
pegmatite
17
36
47
14.5
0.00
ICP003
ESK010
EL5315
510041
5960112

pegmatite
32
25
41
11
0.01
ICP003
ESK011
EL5315
524473
5957937
pegmatite
4066
29
105
23
0.88
ICP003
ESK012
EL5315
524467
5957303
pegmatite
42
36
102.5
23
0.01
ICP003
ESK013
EL5315
523704
5957416
pegmatite
11020
93
62.5
43
2.37
ICP003
ESK014
EL5315
523748
5957106
pegmatite
61
48
81
13.5
0.01
ICP003
ESK015
EL006300
514858
5975079
pegmatite
90
10
13
<1
0.02
ICP004
ESK016
519223
5977373

pegmatite
20
25
63
20
0.00
ICP004
ESK019
EL006300
522823
5957401
pegmatite
160
60
89
25
0.03
ICP004
ESK020
EL006300
522816
5957381

pegmatite
140
55
90
24
0.03
ICP004
ESK021
EL006300
522823
5957371
pegmatite
160
30
90
9
0.03
ICP004
ESK022
EL006300
522800
5957334

pegmatite
90
80
113
28
0.02
ICP004
ESK023
EL5315
523268
5957146
pegmatite
20
55
70
19
0.00
ICP004
ESK024
EL5315
523181
5957174

pegmatite
120
45
2839
24
0.03
ICP004
ESK025
EL006300
522863
5957199
pegmatite
60
60
108
26
0.01
ICP004
ESK026
EL006300
522812
5957173
pegmatite
30
70
175
30
0.01
ICP004
ESK027
EL006300
522768
5957159
pegmatite
80
50
144
33
0.02
ICP004
ESK028
EL006300
521913
5957634
pegmatite
80
60
59
46
0.02
ICP004
ESK029
EL006300
521736
5957928
pegmatite
90
25
48
9
0.02
ICP004
ESK030
EL5315
523932
5958232

pegmatite
40
75
119
56
0.01
ICP004
ESK031
EL5315
523259
5957423
pegmatite
110
60
72
18
0.02
ICP004
ESK032
EL5315
523276
5957476

pegmatite
270
70
68
17
0.06
ICP004
ESK033
EL5315
523151
5957731
pegmatite
150
30
143
18
0.03
ICP004
ESK034
EL5315
523131
5957735

pegmatite
210
50
87
19
0.05
ICP004
ESK035
EL5315
523117
5957647
pegmatite
420
65
83
12
0.09
ICP004
ESK036
EL5315
523271
5957868

pegmatite
50
45
99
12
0.01
ICP004
ESK037
EL5315
523402
5957819
pegmatite
60
165
7492
209
0.01
ICP004
ESK038
EL5315
523432
5957757
pegmatite
10
90
75
28
0.00
ICP004
ESK039
EL5315
523212
5957654
pegmatite
100
50
98
23
0.02
ICP004
ESK040
EL5315
523126
5957483
pegmatite
30
35
64
20
0.01
ICP004
ESK041
EL006300
522812
5957594
pegmatite
240
30
163
15
0.05
ICP004
ESK042
EL006300
522804
5957555

pegmatite
130
60
1071
109
0.03
ICP004
ESK043
EL006300
522870
5957504
pegmatite
70
45
147
37
0.02
ICP004
ESK044
EL5315
524473
5957937

pegmatite
910
55
202
51
0.20
ICP004
ESK045
EL5315
524473
5957938
pegmatite
170
55
422
48
0.04
ICP004
ESK046
EL5315
524473
5957939

pegmatite
190
50
69
46
0.04
ICP004
ESK047
EL006486
534256
5943478
pegmatite
4850
110
757
111
1.04
ICP004
ESK048
EL5315
533991
5942772

pegmatite
70
75
112
32
0.02
ICP004
ESK049
EL5315
533991
5942773
pegmatite
80
65
147
24
0.02
ICP004
ESK051
EL5058
555023
5974215
pegmatite
20
10
21
5
0.00
ICP004
ICP003*
LLD**
1
1
0.5
0.5
N/A
ICP004*
LLD**
10
5
1
1
N/A

*Denotes lower limit of detection (LLD) for each laboratory method, respective to elements listed in Table 2.

Dart Mining NL ABN 84 119 904 880 PO Box 141 Corryong, Victoria 3707 Australia Phone: +61 (0)2 6076 2336 | Email: [email protected] | www.dartmining.com.au

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Table 1 - Section 1 Sampling Techniques and Data for the Mount Dorchap Lithium Project

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Criteria JORC Code explanation Commentary
Sampling  Nature and quality of sampling  47 rock chip samples (Table 2) described
techniques (eg cut channels, random chips, or in this report were submitted for whole rock assay
specific specialised industry standard between the periods of April and March, 2018.
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the broad
meaning of sampling.
 Include reference to measures  Samples were obtained from pegmatite
taken to ensure sample representivity dyke outcrops and were georeferenced utilising a
and the appropriate calibration of any handheld GPS. Coordinates are in GDA94 UTM
measurement tools or systems used. format.
 Aspects of the determination of  Digital photographs were taken of outcrop
mineralisation that are Material to the locations. Notes were recorded in the field
Public Report. highlighting specifics, such as; weathering,
alteration, and mineral composition.
 In cases where ‘industry  Samples were submitted to Nagrom in
standard’ work has been done this would Perth, where they were latter dried, crushed,
be relatively simple (eg ‘reverse pulverised and analysed for a suite of elements via
circulation drilling was used to obtain 1 four acid digest or peroxide fusion for ICP-MS or
m samples from which 3 kg was ICP-OES. In the case of pegmatite dykes samples
pulverised to produce a 30 g charge for were taken as a composite across the width of the
fire assay’). In other cases more tabular body as to obtain a more representative
explanation may be required, such as sample from each location.
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  Not applicable – no drilling conducted
techniques circulation, open-hole hammer, rotary air
blast, auger, Bangka, sonic, etc) and
details (eg core diameter, triple or
standard tube, depth of diamond tails,
face-sampling bit or other type, whether
core is oriented and if so, by what
method, etc).
Drill sample  Method of recording and  Not applicable – no drilling conducted.
recovery assessing core and chip sample
recoveries and results assessed.
 Measures taken to maximise  Not applicable – no drilling conducted.
sample recovery and ensure
representative nature of the samples.
 Whether a relationship exists  Not applicable – no drilling conducted.
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  Rock chip samples were examined at the
have been geologically and outcrop and fresh hand sample macro scale,
geotechnically logged to a level of detail lithology and associated mineralogy were noted.
to support appropriate Mineral Resource
estimation, mining studies and
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Criteria JORC Code explanation Commentary
metallurgical studies.  Logging is qualitative only.
 Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.  Not applicable – no drilling conducted.
 The total length and percentage
of the relevant intersections logged.
Sub-sampling  If core, whether cut or sawn and  No subsampling or sieving was conducted
techniques whether quarter, half or all core taken. in the field. The sample in its entirety was submitted
and sample to the laboratory and all sample preparation was
preparation conducted in-house (at the laboratory).
 If non-core, whether riffled, tube  All samples were collected dry, by hand.
sampled, rotary split, etc and whether
sampled wet or dry.
 For all sample types, the nature,  All sample preparation was performed at
quality and appropriateness of the the laboratory and is considered appropriate and to
sample preparation technique. industry standard, to the best of our knowledge.
 Quality control procedures  Laboratory standards and
adopted for all sub-sampling stages to repetition/duplicate splits.
maximise representivity of samples.
 Measures taken to ensure that  No field duplicates were taken.
the sampling is representative of the
insitu material collected, including for
instance results for field
duplicate/second-half sampling.
 Whether sample sizes are  Samples are considered of adequate size
appropriate to the grain size of the for the grain size of the material being sampled.
material being sampled.
Quality of  The nature, quality and  The assaying is industry standard in quality
assay data appropriateness of the assaying and and appropriate for the objectives of the sample
and laboratory procedures used and whether set. Laboratory QA/QC involved the used of
laboratory the technique is considered partial or internal standards including certified reference
tests total. material, splits and duplicates.
 For geophysical tools,  XRD for mineral ID was conducted using a
spectrometers, handheld XRF PanAlytical X’Pert Pro diffractometer at Federation
instruments, etc, the parameters used in University from the samples supplied after fine
determining the analysis including milling, equipped with an incident beam BBHD Co
instrument make and model, reading Kα monochromator and an X’Celerator linear
times, calibrations factors applied and detector, operated at 40kV and 25 mA over 5-80°
their derivation, etc. from 2θ with a step size of 0.017° at a rate of 0.08
per second. Phase identification was achieved via
computer assisted search-match of the ICDD
PDF4 Minerals sub-file and quantitation carried out
using SiroQuant software and validated with
HighScore Plus.
 Nature of quality control  No control procedures or external checks
procedures adopted (eg standards, carried out. Laboratory QA/QC involves the use of
blanks, duplicates, external laboratory internal lab standards using certified reference
checks) and whether acceptable levels material, splits and duplicates.
of accuracy (ie lack of bias) and
precision have been established.
Verification of  The verification of significant  Not applicable – no drilling conducted.
sampling and intersections by either independent or
assaying alternative company personnel.
 The use of twinned holes.  Not applicable – no drilling conducted.
 Documentation of primary data,  Not applicable – no drilling conducted.
data entry procedures, data verification,
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Criteria JORC Code explanation Commentary
data storage (physical and electronic)
protocols.
 Discuss any adjustment to  Not applicable – no drilling conducted.
assay data.
Location of  Accuracy and quality of surveys  Samples were geolocated using a
data points used to locate drill holes (collar and handheld GPS.
down-hole surveys), trenches, mine
workings and other locations used in
Mineral Resource estimation.
 Specification of the grid system  GDA94.
used.  No topographic control used.
 Quality and adequacy of
topographic control.
Data spacing  Data spacing for reporting of  Samples are irregularly spaces but are
and Exploration Results. based on ground follow-up derived from a
distribution helicopter survey which visually identified large
scale outcrops from the air.
 Whether the data spacing and  Not applicable – no resource or reserve is
distribution is sufficient to establish the contained in this report, nor drilling conducted.
degree of geological and grade
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
 Whether sample compositing
has been applied.  Composites were taken at outcrop scale
across the width of pegmatite dykes. This was
conducted to avoid spikes in any potential zonation
within tabular bodies known to occur in styles of
mineralisation of this nature.
Orientation of  Whether the orientation of  Sampling is at a very early stage in
data in sampling achieves unbiased sampling of exploration however given nature of pegmatite
relation to possible structures and the extent to dykes in relation to zonation sampling was
geological which this is known, considering the conducted in a composite nature across the width
structure deposit type. of dyke outcrops. The practice is noted in this
 If the relationship between the report.
drilling orientation and the orientation of  Not applicable – no drilling conducted.
key mineralised structures is considered
to have introduced a sampling bias, this
should be assessed and reported if
material.
Sample  The measures taken to ensure  All samples were collected and, bagged
security sample security. and transported to the freight company by Dart
Mining staff. Samples were then forwarded for
delivery to the laboratory in Perth. Detailed records
are kept of all samples that are dispatched,
including details of chain of custody.
Audits or  The results of any audits or  Data is validated when updated and
reviews reviews of sampling techniques and loaded into the database. No formal external audit
data. has been conducted.
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Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status

Type, reference name/number,
location
and
ownership
including
agreements or material issues with third
parties
such
as
joint
ventures,
partnerships, overriding royalties, native
title interests, historical sites, wilderness
or national park and environmental
settings.

The security of the tenure held
at the time of reporting along with any
known impediments to obtaining a
licence to operate in the area.

Samples (Table 2) are taken from ELs
006300, 0064846, and 5058 are 100 % holdings
of Dart Mining NL (Dart Mining). EL, 5315 is held
by Mt. Unicorn Holdings Pty Ltd whose parent
company is Dart Mining 100 %.

Tenure is current and approved.
Exploration
done by other
parties

Acknowledgment and appraisal
of exploration by other parties.

Limited exploration activity has been
conducted over the area defined by rock chips in
this report. Regional mapping and interpretation
has been conducted by the geological survey to
produce
dyke
pegmatite
spatial
data
acknowledged and presented in this report.
Geology
Deposit type, geological setting
and style of mineralisation.

The sampling targets are lithium minerals
hosted in pegmatite dykes.
Drill hole
Information

A summary of all information
material to the understanding of the
exploration results including a tabulation
of the following information for all
Material drill holes:
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.

Not applicable – no drilling details
contained in this report.

Not applicable – no drilling conducted.
Data
In reporting Exploration Results,

No averaging or aggregation techniques
aggregation weighting
averaging
techniques,
were used. No cut-offs or metal equivalent values
methods maximum
and/or
minimum
grade
have been used in this report.
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
Not applicable – no drilling conducted.
results and longer lengths of low grade
results, the procedure used for such
aggregation should be stated and some
typical examples of such aggregations

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Criteria JORC Code explanation Commentary
should be shown in detail.
 The assumptions used for any
reporting of metal equivalent values
should be clearly stated.  Not applicable – no metal equivalent
values have been used in this report.
Relationship  These relationships are  Not applicable – no drilling conducted.
between particularly important in the reporting of
mineralisation Exploration Results.
widths and  If the geometry of the  Not applicable – no drilling conducted.
intercept mineralisation with respect to the drill
lengths hole angle is known, its nature should be
reported.  Not applicable – no drilling conducted.
 If it is not known and only the
down hole lengths are reported, there
should be a clear statement to this effect
(eg ‘down hole length, true width not
known’).
Diagrams  Appropriate maps and sections  Locations of samples (Fig. 2) are shown
(with scales) and tabulations of in plan view maps with appropriate scales.
intercepts should be included for any Addition positional data is provided in table two.
significant discovery being 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  Assays (Table 2) are presented in this
reporting of all Exploration Results is not report of all samples located within the reporting
practicable, representative reporting of entity’s exploration leases.
both low and high grades and/or widths
should be practiced to avoid misleading
reporting of Exploration Results.
Other  Other exploration data, if  Ground observations and historical data
substantive meaningful and material, should be do not show evidence of and previous drilling or
exploration reported including (but not limited to): reported results.
data geological observations; geophysical
survey results; geochemical survey
results; bulk samples – size and method
of treatment; metallurgical test results;
bulk density, groundwater, geotechnical
and rock characteristics; potential
deleterious or contaminating
substances.
Further work  The nature and scale of planned  Forward intentions include additional
further work (eg tests for lateral geological mapping and sampling.
extensions or depth extensions or large-
scale step-out drilling).
 Diagrams clearly highlighting  Not applicable – No drilling conducted.
the areas of possible extensions, Areas sampling interest are defined in figures two
including the main geological and three.
interpretations and future drilling areas,
provided this information is not
commercially sensitive.
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