Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DART MINING NL Capital/Financing Update 2026

Feb 10, 2026

64792_rns_2026-02-10_5bdfebff-b2be-4cc8-813d-ebc6fba0e978.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [596 x 109] intentionally omitted <==

ASX Release

11 February 2026

DART ACQUIRES SKARN RIDGE COPPER-GOLD-GRAPHITE PROJECT EXPANDING

SOUTHEAST QUEENSLAND FOCUS

Dart Mining NL ( ASX:DTM ) ( Dart Mining or the Company ) is pleased to announce the strategic acquisition of the Skarn Ridge Copper-Gold and Mt Bauple Graphite (Skarn Ridge Project), located in south-eastern Queensland. The projects have been purchased from private resources group, FFM Group, for a total sum of AUD $25,000 and includes two EPM areas.

HIGHLIGHTS

  • Strategic acquisition of highly prospective, underexplored projects in the south-eastern region of Queensland which include an existing EPM (28873) and EMPA (28868);

  • Project area sits within the broader Mt Perry – Electra Fault Zone and is surrounding exposed and buried late-stage intrusions related to Au, Cu, Ag, and Mo mineralisation in the area;

  • Exploration is limited over the tenements but does show the potential for mineralisation including:

  • Historic drilling at Skarn Ridge intersected 4m at 0.5 g/t Au from 16m (SR-2, completed in 1999);

  • Skarn Ridge rock chip sampling from historical workings returned results:

    • 5.14% Cu + 0.5 g/t Au + 25 g/t Ag (R194);

    • 2.98% Cu + 0.25 g/t Au + 25 g/t Ag (R195);

    • 1.00 % Cu + 0.60 g/t Au + 25 g/t Ag (R172);

    • 1.00 % Cu + 0.35 g/t Au + 17 g/t Ag (R174); and

    • 0.93 g/t Au (39917).

  • Visual descriptions of these anomalous Cu and Au sampling indicating chalcopyrite and bornite minerals present in hand specimen.

  • The Project compliments Dart Mining’s Southeast Queensland precious, critical, and base metals exploration focus.

DART MINING’S CHAIRMAN, JAMES CHIRNSIDE, COMMENTED:

“This strategic acquisition has Dart Mining firmly positioned with 4 projects falling within a 300km radius in Central and Southeast Queensland. While the portfolio has advanced projects such as Triumph Au and Coonambula Sb, Au, the Skarn Ridge project area is an important pipeline strategy for Dart Mining as we assume a position as an established Queensland explorer, and developer. The Skarn Ridge project presents a low-cost, entry-level project that we’ve added to our portfolio where we plan to expand on the limited historical exploration in search for copper and gold mineralisation.”

Contact: James Chirnside Email: [email protected] Mobile: +61 447 447 613

Webpage: www.dartmining.com.au LinkedIn: Dart Mining NL Twitter: @DartMining

Dart Mining NL ABN: 84 119 904 880 Level 6, 412 Collins Street Melbourne VIC 3000

1 | P a g e

MT BAUPLE GRAPHITE AND SKARN RIDGE GOLD-COPPER PROJECTS

The Mt Bauple Graphite and Skarn Ridge Gold-Copper Projects are located approximately 50km by road south-west of Maryborough, Queensland. Mt Bauple and Skarn Ridge are 60km north-west of the historic multi-million-ounce Gympie gold mining district (Figure 1). The Projects are comprised of one granted Exploration Permit: EPM 28873 (Mt Bauple) covering 234km[2] , and application EPM 28868 (Skarn Ridge) covering an area of 71km[2] .

==> picture [483 x 378] intentionally omitted <==

Figure 1 : Location of Skarn Ridge EPM 28868 and Mt Bauple 28873.

GEOLOGY

The Projects are situated at the northern end of the New England Fold Belt, a complex midPalaeozoic to early Mesozoic mobile belt. The Tasman Mobile Zone forms the eastern margin of Australia, extending from Tasmania in the south through to Princess Charlotte Bay in northern Queensland. It represents a zone of active continental accretion throughout the Palaeozoic, forming a series of island arcs and intra-arc basins with accompanying thick sedimentation, volcanism, plutonism and tectonism. The Project geology is highlighted in Figure 1 below.

2 | P a g e

==> picture [483 x 682] intentionally omitted <==

Figure 2 : EPM 28868 and 28873 Interpreted Solid Geology.

3 | P a g e

Located within the Maryborough 1:250,000 geological sheet (Cranfield, 1994), the region is composed of a series of accretionary wedges welded onto the edge of the proto-Australian continent from Carboniferous times. These accretions represent geosynclinal, basin and shelf sediments and island arcs that have been intruded by numerous granitoid bodies.

The area is divided into five major structural blocks, namely the Yarraman Subprovince, the Esk Basin, the North D'Aguilar Subprovince, the Gympie Province and the Maryborough-Nambour Basin. Geologically the region consists of sediments and volcanics of the Permian Gympie Group that have been intruded by early Triassic granitoids that form a granite massif. Subsequent Mid Triassic to Early Cretaceous intrusive activity is of variable composition and is accompanied by swarms of east-west and northeast-southwest trending dykes. These intrusions have been interpreted to be key in the relationships between historical mineralisation and heat source contact with suitable reducing sedimentary packages (i.e. Gympie Units, Tiaro Coal Measured, Maryborough Basin etc).

==> picture [370 x 472] intentionally omitted <==

Figure 3: Project location relative to intrusions and known mineralisation.

4 | P a g e

The Skarn Ridge tenement area is well mineralised, with some 40 small scale historic workings being present in the immediate area. Mineralisation styles in the vicinity include Cu-Au skarns, disseminated sediment hosted Au, Mesothermal quartz- carbonate-base metal veins and porphyry Cu-Mo with significant supergene Cu potential. All these styles of mineralisation are associated temporally, spatially and genetically with the Late Triassic-Early Cretaceous magmatism (Ridley, 1987). The limited rock chip sampling and early drilling completed of the tenement area is shown in Figure 4[1] .

==> picture [483 x 343] intentionally omitted <==

Figure 4 : Skarn Ridge EPM 28868 geology and key historical results.

The Mt Bauple tenement area has been significantly underexplored. However, there is potential for graphite mineralisation along the aureoles of granitic intrusions as confirmed by early 1900’s mining. This graphite mineralisation is hosted in the Tiaro Coal Measures (TCM). William H. Rands (1906), Assistant Queensland Government Geologist, described the graphite as occurring in the coal measures which have been heat-altered by contact with the intrusive granite. This heat alteration of the coal measures results in the formation of amorphous graphite via metamorphism, a mineralisation process which is known to occur around the world in the Urals, Germany, Norway, Scotland and extensively throughout China. These areas of contact with the reducing sediments are also highly prospective for base and precious metal mineralisation, as seen in the Skarn Ridge tenement. Figure 5 shows the Mt Bauple tenement relative to the outcropping and interpreted (buried) intrusives.

1 Dart Mining notes that where Cu and Ag is limited to 1.00% and 25g/t respectively, these are believed to be upper limit ranges on the historical sampling and Dart Mining considers that higher grades should be expected.

5 | P a g e

==> picture [475 x 672] intentionally omitted <==

Figure 5 : Mt Bauple EPM 28873 geology and key target areas.

6 | P a g e

NEXT STEPS

Dart Mining’s immediate field activities are focused on progressing the farm-in exploration at Coonambula where it will earn up to 51% of the project. Dart Mining’s current plan across Queensland includes:

  • Complete the review of CBADD003 through CBADD013 assays that have been received and are currently in QAQC by Dart Mining Competent Person;

  • Finalise and agree the Native Title compensation agreement for Skarn Ridge (EPMA28868);

  • Complete the review of the IP at Coonambula and plan second stage drilling as part of the Coonambula earn in agreement with ASX:GDM;

  • Undertake further desktop studies and spectral interpretation of the Skarn Ridge project to develop Dart's first phase exploration programme ;

  • Plan for and collect any outstanding data to support a maiden Mineral Resource Estimate at Coonambula (including metallurgical testwork, density characterisation and EDA);

  • Plan follow up exploration programmes for Triumph to expand the existing Mineral Resource: and,

  • Receive assays and report on surface sampling at selected Triumph historical mines including Advance (the most productive historical mine), Chandlers and Sailor Boy (all three mines are not part of the current MRE).

Approved for release by the Board of Directors.

For more information contact: James Chirnside

James Chirnside Terry Bates Managing Director Director Dart Mining NL Dart Mining NL [email protected] [email protected] +61 419 605 842 InvestorHub Link

7 | P a g e

About Dart Mining

The Triumph Gold Project is Dart’s first step into an advanced intrusion related gold system project in Queensland. Dart will look to develop a regional presence in Queensland through advanced stage intrusion related and epithermal gold projects. Dart is farming into the Coonambula Antimony-Gold Project in Central Queensland. Dart has made moves into the Raglan goldfield, northwest of Triumph and now to the south towards Gympie with the Skarn Ridge project.

Dart Mining will continue to evaluate several historic goldfields in Central and Northeast Victoria including the Rushworth Goldfield and the new porphyry and lithium province in Northeast Victoria identified by Dart. The area is prospective for precious, base, and strategic metals. Dart Mining has built a strategic and highly prospective gold exploration portfolio in Central and Northeast regions of Victoria, where historic surface and alluvial gold mining indicates the existence of potentially large gold endowment.

Competent Person’s Statement

The information in this report has been prepared, compiled, and verified by Mr Andrew Dawes, who is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Andrew Dawes is employed by AHD Resources and consults to Dart Mining NL. Mr Dawes 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. Dawes takes responsibility for the exploration results, and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward-Looking Statement

Certain statements contained in this document constitute forward-looking statements. Forward-looking statements include, but are not limited to, Dart Mining’s current expectations, estimates and projections about the industry in which Dart Mining operates, and beliefs and assumptions regarding Dart Mining’s future performance. Such forward-looking statements are based on a number of estimates and assumptions made by the Company and its consultants in light of experience, current conditions and expectations of future developments which the Company believes are appropriate in the current circumstances. When used in this document, words such as; “anticipate”, “could”, “intends”, “estimate”, “potential”, “plan”, “seeks”, “may”, “should”, and similar expressions are forward-looking statements. Although Dart Mining believes that its expectations presented in these forward-looking statements are reasonable, such statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual results, achievements and performance of the Company to be materially different from the future results and achievements expressed or implied by such forward-looking statements. Investors are cautioned that forward-looking information is no guarantee of future performance and accordingly, investors are cautioned not to place undue reliance on these forward-looking statements.

No new information has been included in this release, all exploration results have been previously reported by Great Divide Mining (ASX: GDM) and are available on their website. Dart Mining is not aware of any new information or data that materially affects the information included in the original announcements.

8 | P a g e

APPENDIX ONE

Table 1: Historical Collar Details.

Easting2 Northing RL Depth Dip Azi Notes
425912 7147070 130 196 -60 045
425368 7147290 100 136 -60 025 4m @ 0.5 g/t Au from 16m
425900 7146800 95 118 -60 045

Table 2: Historical Rock Chip Samples.

Sample
No.
Easting3 Northing Cu
(ppm)
Pb
(ppm)
Zn
(ppm)
Ag
(ppm)
Mo
(ppm)
Sb
(ppm)
As
(ppm)
Au
(ppb)
Source
R164 426689.5 7146101 20 40 35 3 5 5 35 15 CR 10843
R168 426365 7145617 20 30 35 2 1 5 12 10 CR 10843
R169 425988.9 7146005 65 15 25 1 1 5 3 5 CR 10843
R170 425892.6 7145568 70 20 20 1 5 5 2 15 CR 10843
R171 425695.8 7145481 30 30 20 2 2 5 8 5 CR 10843
R172 425572.4 7145719 10000 25 140 17 40 5 2 350 CR 10843
R173 425572.4 7145719 10000 35 70 25 360 5 35 600 CR 10843
R174 425572.4 7145719 10000 20 110 16 60 5 20 180 CR 10843
R175 425829.1 7145780 1800 40 20 5 5 5 120 35 CR 10843
R188 426527.6 7147207 60 40 190 8 5 155 50 CR 10843
R190 426459.6 7148217 20 20 40 6 5 75 10 CR 10843
R191 426655.7 7148909 20 20 35 5 5 55 15 CR 10843
R192 426602.1 7149207 10 30 45 5 5 50 10 CR 10843
R194 426565.4 7149735 29800 80 2000 25 5 450 250 CR 10843
R195 426565.4 7149735 51400 100 2800 25 5 875 520 CR 10843
R199 426579.7 7149511 125 20 30 5 5 45 10 CR 10843
R36 429998.5 7147980 20 5 5 1 2 0.5 6 10 CR 10843
R70 426647 7147219 500 5 10 1 1 0.5 220 65 CR 10843
39916 430354.5 7146941 67 CR 15571
39918 430354.5 7146941 25 CR 15571
39917 430354.5 7146941 933 CR 15571
39919 430354.5 7146941 12 CR 15571
44561 426631.4 7148220 10 CR 15571
44560 426559.5 7148294 15 CR 15571
44559 426512.6 7148355 10 CR 15571
44514 426619.4 7148534 25 CR 15571
44515 426671.7 7148561 30 CR 15571
44558 426732.6 7148628 240 CR 15571
44557 426633.6 7148737 20 CR 15571
44556 426594.6 7149189 10 CR 15571
44555 426503.2 7149382 50 CR 15571
44554 426535 7149428 35 CR 15571
44553 426461.3 7149576 10 CR 15571

2 Coordinates reported and unchanged from AGD84, Zone 56. 3 Samples imported from georeferenced historical maps and coordinates projected to GDA94, Zone 56.

9 | P a g e

APPENDIX TWO

JORC Code, 2012 Edition – Table 1

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 • Reverse Circulation chip samples collected
techniques channels, random chips, or specific at regular 1m intervals.
specialised industry standard • Samples split through a 75:25 riffle splitter
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the
broad meaning of sampling.
Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.

at the rig, with 4m composite samples sent
for laboratory analysis.
• Samples were submitted to ALS in Brisbane
where they were dried, crushed to 2mm and
pulverized. A 100g representative sample
was collected from the pulp to undergo
aqua regia digestion and 50g fire analysis
with a ICP-AES finish.
• Rock chip samples were collected from
Aspects of the determination of outcrops at surface an within historical
mineralisation that are Material to the workings.
Public Report. • Rock chip sample size is unknown.
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, • Reverse Circulation drilling.
techniques open-hole hammer, rotary air blast, • 5 ¼” hole diameter.
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
• Information is not available.
recovery and chip sample recoveries and results
assessed.
Measures taken to maximise sample
recovery and ensure representative
nature of the samples.
Whether a relationship exists between
sample recovery and grade and
whether sample bias may have
occurred due to preferential loss/gain of
fine/coarse material.
Logging Whether core and chip samples have • Chip samples were logged for each 1m
been geologically and geotechnically interval into an excel spreadsheet.
logged to a level of detail to support • Geological logging is qualitative in nature.
appropriate Mineral Resource
estimation, mining studies and

10 | P a g e

Criteria JORC Code explanation Commentary
metallurgical studies.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.
The total length and percentage of the
relevant intersections logged.
Sub- If core, whether cut or sawn and • Samples passed through a 75:25 riffle
sampling whether quarter, half or all core taken. splitter at the drill rig, with composite
techniques If non-core, whether riffled, tube samples begin made up from the larger (75)
and sample
preparation
sampled, rotary split, etc and whether
sampled wet or dry.
split.
• Composite samples made up by collecting a
For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.
Quality control procedures adopted for
scoop from four 1m sample.
• Rock chips were not sub sampled based on
historical reporting.
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
• Quality control information and laboratory
assay data of the assaying and laboratory standards are not recorded or available.
and
laboratory
tests
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
• Laboratory check samples reported for
significant intercepts.
• QAQC for rock chips is not reported
historically and is therefore unknown.
analysis including instrument make and
model, reading times, calibrations
factors applied and their derivation, etc.
Nature of quality control procedures
adopted (eg standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (ie lack of bias) and precision
have been established.
Verification The verification of significant • Information not available in historic
of sampling intersections by either independent or exploration reports.
and
assaying
alternative company personnel.
The use of twinned holes.
• Significant intersections confirmed through
a repeat (check) analysis at the laboratory.
Documentation of primary data, data
entry procedures, data verification, data
storage (physical and electronic)

• No verification or check samples for rock
chips were reported historically.
protocols.
Discuss any adjustment to assay data.
Location of Accuracy and quality of surveys used to
• Information not available in historic
data points locate drill holes (collar and down-hole exploration reports.
surveys), trenches, mine workings and • Data is extracted or georeferenced and
other locations used in Mineral
Resource estimation.
Specification of the grid system used.
coordinates interpreted from georeferenced
drafted maps.
Quality and adequacy of topographic
control.

11 | P a g e

Criteria JORC Code explanation Commentary
Data Data spacing for reporting of • Not Applicable.
spacing and
Exploration Results.
• Samples are composited into 4m intervals.
distribution Whether the data spacing and • Rock chip sampling is of outcrop
distribution is sufficient to establish the
degree of geological and grade
continuity appropriate for the Mineral
mineralisation and not uniform in sample
spacing.
Resource and Ore Reserve estimation
procedure(s) and classifications
applied.
Whether sample compositing has been
applied.
Orientation Whether the orientation of sampling • Not Applicable.
of data in achieves unbiased sampling of possible
• Orientation of structures is not yet
relation to structures and the extent to which this is
understood.
geological
structure
known, considering the deposit type.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
• Rock chip samples have been sampled from
outcropping units, within historical
workings, or float as available. These rock
chips are indicative of mineralisation only
with respect to interpretation of geological
structure.
Sample The measures taken to ensure sample • Samples Composite were collected and
security security. dispatched to ALS in polyweave bags.
• Sample security of historical rock chips is not
documented or known.
Audits or The results of any audits or reviews of • No audits or reviews have been completed
reviews sampling techniques and data. of sampling techniques.

12 | P a g e

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
• The Mt Bauple and Skarn Ridge Projects
tenement and and ownership including agreements or
consist of two contiguous Queensland
land tenure material issues with third parties such exploration permits for minerals (EPMs):
status 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

EPM 28868 (Skarn Ridge),

EPM 28873 (Mt Bauple).
• Both EPM’s are currently held 100% by
wholly owned subsidiaries of Dart Mining
NL, namely Queensland Metal Holdings Pty
Ltd and Queensland Metal Holdings no. 2
Pty Ltd.
operate in the area.
Exploration Acknowledgment and appraisal of • Historical exploration in the Skarn Ridge
done by other
exploration by other parties.
area has been undertaken by several parties
parties since the 1960s, primarily targeting skarn-
style copper and gold.
• Work included regional geological mapping,
soil and rock chip geochemistry, and limited
geophysical surveys.
• In 1999, three drillholes were completed at
the Skarn Ridge project. These drillholes
tested Cu-Au anomalism identified through
surface rock and soil sampling.
• Data from this program, including drill collar
locations, assay results, and geological logs
were extracted from EPM 11124 annual
report for the year ending 23rdMay 2000
(cr_31751).
• Historical exploration in the Mt Bauple area
has been undertaken by few parties since
the 1990’s.
• Majority of the exploration assessment has
focused on the potential of the Tiaro Coal
Measures for coal and graphite, with minor
gold exploration occurring in the early to
mid-2000’s.
• Field exploration was not undertaken by
most previous holders.
Geology Deposit type, geological setting and • The Skarn Ridge and Mt Bauple Projects are
style of mineralisation. located ~40 km northwest of Gympie in
southeast Queensland, within the northern
New England Orogen.
• Western Skarn Ridge bedrock geology is
dominated by early to late Permian lime-
and mudstones, with later middle Triassic
diorite intrusions
• Eastern Skarn Ridge and Mt Bauple bedrock
geology is dominated by the early to middle
Jurassic Tiaro Coal Measures, with later
Cretaceous syenite and granodiorite
intrusions.
• Mineralisation target at the Skarn Ridge
project is skarn style Cu-Au hosted at the
contact of intrusions and calcareous
limestones.

13 | P a g e

Criteria JORC Code explanation Commentary
• Mineralisation target at the Mt Bauple
project is graphite formed from the contact
metamorphism between intrusions and the
Tiaro Coal Measures. Minor Au prospectivity
will also be evaluated.
Drill hole A summary of all information material • Drillhole information has been included in
Information to the understanding of the exploration the release in Appendix 1.
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.
Data In reporting Exploration Results, • No data aggregation methods have been
aggregation weighting averaging techniques, applied.
methods maximum and/or minimum grade • Samples were composited to 4m lengths
truncations (eg cutting of high grades)
and cut-off grades are usually Material
before being submitted to the laboratory.
and should be stated.
Where aggregate intercepts
incorporate short lengths of high grade
results and longer lengths of low grade
results, the procedure used for such
aggregation should be stated and some
typical examples of such aggregations
should be shown in detail.
The assumptions used for any
reporting of metal equivalent values
should be clearly stated.
Relationship These relationships are particularly • Unknown at this stage.
between important in the reporting of Exploration
mineralisation
Results.
widths and If the geometry of the mineralisation
intercept with respect to the drill hole angle is
lengths known, its nature should be reported.
If it is not known and only the down
hole lengths are reported, there should
be a clear statement to this effect (eg
‘down hole length, true width not
_known’). _
Diagrams Appropriate maps and sections (with • Included in the body of the announcement.
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These should
include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional views.

14 | P a g e

Criteria JORC Code explanation Commentary
Balanced Where comprehensive reporting of all • All known mineralisation intersected in the
reporting Exploration Results is not practicable, completed holes has been included.
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 • No other material data is presented in this
substantive and material, should be reported announcement.
exploration including (but not limited to): geological
data 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 further
• Plans for further work are outlined in the
work (eg tests for lateral extensions or body of the announcement which include
depth extensions or large-scale step- continued desktop review of historic
out drilling). exploration results and early-stage field
Diagrams clearly highlighting the areas reconnaissance including geological
of possible extensions, including the
main geological interpretations and
mapping and sampling.
future drilling areas, provided this
information is not commercially
sensitive.

15 | P a g e