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DATELINE RESOURCES LIMITED Capital/Financing Update 2022

Mar 3, 2022

64793_rns_2022-03-03_7ab16add-a63b-44da-81d8-a782afc6ce82.pdf

Capital/Financing Update

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ASX Release

DATELINE RESOURCES LIMITED

(ACN 149 105 653) ASX Code: DTR

CAPITAL STRUCTURE

Share Price

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GOLD LINKS UPDATE

Highlights

  • Bonanza gold and silver grades up to 308g/t Au and 7,733g/t Ag returned from face sampling of underground development drives at the 9900mRL mineral resource.

  • Clay zone, ranging in thickness from 3 inches to 1 foot, contains very high grades gold and silver in the hanging wall of the vein.

  • Development ore continues to be mined and used for production start-up phase.

$38.1 million

  • A 250tpd ball mill and associated equipment has been purchased to upgrade current capacity at Lucky Strike

MAJOR SHAREHOLDERS

  • Gold concentrate currently being produced

Dateline Resources Limited (ASX: DTR) ( Dateline or the Company ) is pleased to provide an update on production and exploration activities at the 100%-owned Gold Links Gold Mine in Colorado, USA.

DIRECTORS & MANAGEMENT

Mark Johnson AO Chairman

Stephen Baghdadi Managing Director

Greg Hall Non-Executive Director

Tony Ferguson Non-Executive Director

Bill Lannen Non-Executive Director

Underground face sampling as part of the mining program has returned bonanza gold and silver grades, well in excess of the mineral resource grade of 14g/t Au. Grades up to 308g/t Au and 7,733 g/t Ag were received, with the very high-grade results associated with a hanging wall clay zone that was not well recovered in the diamond core drilling program when defining this mineralised area.

The development mining program is progressing well, with ore continuing to be trucked to the Company’s 100% owned Lucky Strike mill as commissioning continues with the lower grade ore.

Whilst commissioning is underway with the existing 100tpd mill, the Company has purchased a 250tpd ball mill to expand production. Associated flotation cells, pumps and other equipment have been purchased with installation expected to be completed by the end of June 2022.

Mark Ohlsson Company Secretary

Dateline’s Managing Director, Stephen Baghdadi, commented:

CONTACT Mark Ohlsson Phone: +61 2 9375 2353 Postal Address: P.O. Box 553 South Hurstville NSW 2221 Email: [email protected]

“It has always been the case in gold mining that ‘grade is king’ and these bonanza grades are nothing short of spectacular.

“Whilst we have seen high grades from exploration drilling at the Gold Links in the past, we have always recovered higher grades when we can actually see the vein such as we are doing now. The current face sampling returns of 10 ounces of gold and 7.7 kilos of silver per tonne gives us a lot of confidence for the future, particularly once we finalise commissioning the Lucky Strike mill inclusive of upgrades and begin stope mining the 9900rl Zone”

ASX Release 4 March 2022

High Grade Face Sampling

As part of the development program at Gold Links, the Company has conducted a close spaced face sampling and mapping program within the development drives ahead of stoping commencing. The program has been designed to provide the Company with detailed information on the controls on mineralisation.

The Company has received bonanza grade gold and silver assays from face sampling of the 9900mRL mineralised vein at the Gold Links Gold Mine in Colorado.

Highlights from the program included the following:

Sample ID Location Gold
(Aug/t)
Silver
(Ag g/t)
Gold Equivalent
*(Aueq g/t) **
E257627 9925 South 125.95 1,241 141.66
E257628 9925 South 26.43 109 27.81
E257629 9925 South 31.88 624 39.78
E257631 9925 South 16.90 121 18.43
E257633 9925 South 247.48 7,733 345.37
E257616 9925 South 308.11 2,797 343.52
E257619 9925 South 90.76 3,604 136.38
E257621 9925 South 98.10 1,583 118.14

*Gold equivalent: Aueq = ((Au g/t) + (Ag g/t)÷79) based on US$1,899/oz Au and US$24/oz Ag

Full sample details are included in Appendix 1.

The area where the recent mapping and sampling campaign was completed forms part of the 9900mRL indicated mineral resource, which has an estimated grade of 14g/t

The current face sampling program indicates potential grade upside from the defined mineral resource estimate, with a new intensely sheared and oxidised high-grade clay zone present in the hanging wall that was not generally seen in the drill core. The Company’s geologists believe this clay zone, which ranges in thickness from 3 inches to 1 foot, may have been washed away during diamond drilling.

As this high-grade zone is absent from most drillholes in this area, the Company believes there is good potential for an overcall on produced ounces compared to the mineral resource.

The processing circuit at the Company’s 100% owned Lucky Strike mill is configured to capture free gold in a gravity circuit followed by a flotation circuit, minimising the potential for gold losses to the tailings stream.

Figure 1 to 3 below show a photos of sampled faces in 9925 South, with the sample locations and grades marked on the image.

ASX Release 4 March 2022

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Figure 1: 9925 South face (sampled 19/1/2022) incl. 132g/t Au and 385g/t Ag

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Figure 2: 9925 South face (sampled 5/2/2022) incl. 247g/t Au and 7,733g/t Ag

ASX Release 4 March 2022

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Figure 3: 9925 South face (sampled 4/2/2022) incl. 308g/t Au and 2,797g/t Ag

ASX Release 4 March 2022

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Figure 4: Plan view image showing location of current underground mining areas (Scale is in feet)

ASX Release 4 March 2022

Production of gold concentrate for sale

Development ore is being mined and stockpiled at the Lucky Strike mill as commissioning proceeds. The commissioning activities are on track and gold concentrate is being produced. Ore from stoping is expected to be processed in March 2022.

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Figure 5: Concentrate being produced at the 100% owned Lucky Strike mill

Acquisition of larger processing equipment

The Company’s 100% owned Lucky Strike mill has a nominal throughput capacity of 100tons per day. As noted in previous releases, ongoing exploration success and a review of economics led to the Company investigating the purchase of larger ball milling and flotation equipment.

The Company is pleased to announce that it has acquired a 250tpd ball mill for Lucky Strike that will be installed and commissioned over the coming months. In addition to the larger milling capacity, the Company has also purchased additional flotation cells, pumps and ancillary equipment to match the higher throughput.

The Company intends to continue producing gold concentrate from the existing milling circuit until the additional bigger capacity mill ball mill and associated equipment are installed, tied in and commissioned over the coming months with a target to have the 250tpd equipment operational by the end of June 2022.

ASX Release 4 March 2022

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Figure 6: The 250tpd mill loaded for transportation from California to the Lucky Strike mill in Colorado

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Figure 7: The 250tpd ball mill being unloaded at the Lucky Strike site in Colorado

ASX Release 4 March 2022

This announcement has been authorised for release on ASX by the Company's Board of Directors.

For more information, please contact:

Stephen Baghdadi Managing Director +61 2 9375 2353

www.datelineresources.com.au Follow Dateline on Twitter: https://twitter.com/Dateline_DTR

About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in North America. The Company owns 100% of the Gold Links and Green Mountain Projects in Colorado, USA and 100% of the Colosseum Gold Mine in California.

The Gold Links Gold Mine is a historic high-grade gold mining project where over 150,000 ounces of gold was mined from high-grade veins. Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project. The Company aims to delineate sufficient Mineral Resources to commence a small high-grade, low-cost operation by the end of 2021.

The Company owns the Lucky Strike gold mill, located 50km from the Gold Links mine, within the Green Mountain Project. It is proposed that ore from Gold Links would be transported to Lucky Strike for processing.

The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California and produced approximately 344,000 ounces of gold (see ASX release 15 March 2021). Significant potential remains for extension to mineralization at depth.

Competent Person Statement

Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

ASX Release 4 March 2022

Appendix 1: Face Sampling Results

Sample Location inches m Au Ag Aueq
E257562 9925 South Face 6 0.152 10.20 22.0 10.48
E257563 9925 South Face 12 0.305 132.86 379.0 137.66
E257564 9925 South Face 8 0.203 112.92 385.0 117.79
E257565 9925 South Face 8 0.203 0.54 10.0 0.66
E257566 9925 South Face 6 0.152 1.40 47.4 2.00
E257567 9925 South Face 12 0.305 1.14 17.7 1.36
E257568 9925 South Face 18 0.457 1.23 13.7 1.40
E257587 9925 North Face 8 0.203 1.39 2.3 1.41
E257588 9925 North Face 24 0.610 0.61 4.3 0.67
E257589 9925 North Face 18 0.457 5.20 16.2 5.41
E257590 9925 South Face 12 0.305 0.08 3.5 0.13
E257591 9925 North Face 12 0.305 0.01 13.1 0.18
E257592 9925 South Face 18 0.457 2.32 44.0 2.88
E257593 9925 South Face 8 0.203 1.17 7.7 1.27
E257598 9925 South Face 12 0.305 2.74 12.0 2.89
E257599 9925 South Face 12 0.305 278.07 5,861.0 352.26
E257600 9925 South Face 18 0.457 0.31 26.5 0.65
E257601 9925 North Face 18 0.457 4.19 11.0 4.33
E257602 9925 North Face 8 0.203 5.38 28.7 5.74
E257603 9925 North Face 18 0.457 0.89 3.2 0.93
E257604 9925 North Face 8 0.203 3.21 11.0 3.35
E257614 9925 South Face 12 0.305 0.01 3.6 0.05
E257615 9925 South Face 14 0.356 0.58 4.6 0.63
E257616 9925 South Face 8 0.203 308.11 2,797.0 343.52
E257617 9925 South Face 24 0.610 2.06 20.6 2.32
E257618 9925 South Face 36 0.914 0.71 13.1 0.87
E257619 9925 South Face 8 0.203 90.76 3,604.0 136.38
E257620 9925 South Face 24 0.610 7.89 39.8 8.39
E257621 9925 South Face 12 0.305 99.10 1,583.0 119.14
E257622 9925 North Face 12 0.305 0.06 4.9 0.12
E257623 9925 North Face 12 0.305 8.26 12.6 8.42
E257624 9925 North Face 24 0.610 1.92 7.9 2.02
E257625 9925 North Face 24 0.610 1.96 5.2 2.03
E257626 9925 North Face 12 0.305 0.51 6.2 0.59
E257627 9925 South Face 12 0.305 125.95 1,241.0 141.66
E257628 9925 South Face 10 0.254 26.43 109.0 27.81
E257629 9925 South Face 6 0.152 31.88 624.0 39.78
E257630 9925 South Face 24 0.610 1.96 54.2 2.64
E257631 9925 South Face 18 0.457 16.90 121.0 18.43
E257633 9925 South Face 12 0.305 247.48 7,733.0 345.37
E257639 9925 North Face 12 0.305 0.20 8.0 0.30
E257640 9925 North Face 4 0.102 0.73 4.7 0.79
E257641 9925 North Face 10 0.254 5.11 15.3 5.30
E257642 9925 North Face 18 0.457 0.41 6.9 0.50
E257643 9925 North Face 12 0.305 1.18 5.5 1.25
E257644 9925 North Face 30 0.762 3.49 8.2 3.59
E257645 9925 North Face 12 0.305 5.15 7.9 5.25
E257646 9925 North Face 15 0.381 0.31 1.8 0.33
E257647 9925 South Face 12 0.305 76.42 226.0 79.28
E257648 9925 South Face 18 0.457 0.88 11.7 1.03
E257649 9925 South Face 14 0.356 2.67 7.4 2.77
E257650 9925 South Face 14 0.356 0.70 32.0 1.11
E257651 9925 South Face 8 0.203 162.41 2,374.0 192.46
E257652 9925 South Face 24 0.610 16.81 203.0 19.38
E257653 9925 South Face 24 0.610 0.29 6.9 0.37
E257654 9925 South Face 12 0.305 129.02 541.0 135.87

*Gold equivalent: Aueq = ((Au g/t) + (Ag g/t)÷79) based on US$1,899/oz Au and US$24/oz Ag

ASX Release 4 March 2022

JORC Code, 2012 Edition – Table 1 report template Section 1 Sampling Techniques and Data

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

Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling (eg cut • As of 3/2/2022, the Gold Links Project CRG
techniques channels, random chips, or specific Mining, LLC has completed 2,476 metres of
specialised industry standard drilling in 42 drill holes. All the drilling was
measurement tools appropriate to the done underground with diamond drill core.
minerals under investigation, such as Industry standard core handling and sampling
down hole gamma sondes, or handheld procedures were employed to ensure high
XRF instruments, etc). These examples quality samples.
should not be taken as limiting the • As of 3//2022 54 metres of chip sampling
broad meaning of sampling. across the 2150 vein structure in three
Include reference to measures taken to different ore headings has been completed as
ensure sample representivity and the well to establish an average grade for the ore
appropriate
calibration
of
any development across each lower cut.
measurement tools or systems used. • Core sample boundaries were defined by
Aspects of the determination of changes in lithology, alteration, and
mineralisation that are Material to the mineralization noted in logging.
Public Report. • Potentially mineralized intervals were
In cases where ‘industry standard’ identified by geological logging and
work has been done this would be dispatched for assay with minimum 0.3
relatively simple (eg ‘reverse metre shoulder samples.
circulation drilling was used to obtain • Logging geologist identified zones of interest
1 m samples from which 3 kg was for sampling and sampled them. They also
pulverised to produce a 30 g charge for sampled a length equivalent to approximately
fire assay’). In other cases more 20% of the zone of interest on each side of it.
explanation may be required, such as These are referred to as shoulder samples.
where there is coarse gold that has • Core remaining after sampling was stored in
inherent sampling problems. Unusual wax coated cardboard core trays.
commodities or mineralisation types • Samples from drill holes were sent to
(eg submarine nodules) may warrant ALSGlobal and Paragon Geochemical in Reno,
disclosure of detailed information. Nevada for sample preparation and assay.
Samples were dried, weighed, crushed and
split to obtain 250 gm. Samples were placed
in ring and puck grinder to produce 85%
minus 75 micron pulp. This material was
blended on clean cloth and packaged in
paper pulp bags. Using a pulp balance, a 30
gm sample was weighted out for traditional
fire assay. Samples were analyzed using
standard fire assay for gold. Overlimits were
analyzed via gravimetric analysis.
• All samples followed a strict Chain of Custody.
• Routine QAQC samples were inserted in the
sample runs at a rate of 20%, comprising
Certified Reference Materials from CDN
Resource Laboratories Ltd., and verified blank
granitic material.
• Sampling practice is appropriate to the
geology and mineralization of the deposit
and complies with industry best practice.

ASX Release 4 March 2022

Criteria JORC Code explanation Commentary
Drilling Drill type (eg core, reverse circulation, • The drilling program utilizes underground core
techniques open-hole hammer, rotary air blast, drilling.
auger, Bangka, sonic, etc) and details • The core drilling is being conducted with a DE-
(eg core diameter, triple or standard 130 Sandvik rig with HQTT core tooling.
tube, depth of diamond tails, face- Standard tubes were used for the first 6
sampling bit or other type, whether drillholes, the rest utilized triple tube to
core is oriented and if so, by what increase recoveries. The drilling has been
method, etc). completed by an experienced diamond
drilling core driller.
Drill sample Method of recording and assessing core • All drilling recoveries have been logged
recovery and chip sample recoveries and results and notated each run based on 1.65-
assessed. meter tooling.
Measures taken to maximise • To maximize sample recoveries, use of
sample recovery and ensure triple tube and long chain polymer
representative nature of the muds were used to increase recovery.
samples. • There has been no analysis between
Whether a relationship exists sample recoveries and grade to date.
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 • Core samples were geologically logged.
have been geologically and Lithology, veining, alteration, mineralization and
geotechnically logged to a level of weathering are recorded in the appropriate
detail to support appropriate tables of the drill hole database.
Mineral Resource estimation, • Each core box was photographed dry and wet,
mining studies and metallurgical after logging of unit and structures were
studies. notated on the core.
Whether logging is qualitative or • Core was cut along the long axis using a
quantitative in nature. Core (or diamond saw, half-core was sampled, and half
costean, channel, etc) stored for reference.
photography. • Geological logging of core samples is
The total length and percentage of the qualitative and quantitative in nature.
relevant intersections logged.
Sub-sampling If core, whether cut or sawn and • All drill core samples were cut along the long
techniques and whether quarter, half or all core axis. The left side when looking down hole was
sample taken. sampled. Samples were placed in a heavy-duty
preparation If non-core, whether riffled, tube poly sample bag. Each core sample placed in
sampled, rotary split, etc and heavy duty poly sample bag, noted interval
whether sampled wet or dry. width in sample book, with a sample tag with
For all sample types, the nature, the corresponding sample number placed in the
quality and appropriateness of bag with the other tag stapled to the top of the
the sample preparation bag. Sample bags were stapled along the top.
technique. Samples were sent by freight to ALSGlobal
Quality control procedures adopted Paragon Geochemical, or Kappes Cassiday &
for all sub-sampling stages to Associates Reno, Nevada.
maximise representivity of samples. • Routine QAQC samples were inserted at a 20%
Measures taken to ensure that the rate into the sample batches and comprised
sampling is representative of the in situ Certified Reference Materials (CRMs) from CDN
material collected, including for instance Resource Laboratories Ltd. and verified blank
results for field duplicate/second-half granitic material.
sampling. • Rock samples sent to ALS Laboratories were
Whether sample sizes are appropriate to dried, weighed, crushed and split, with a split
the grain size of the material being pulverized to better than 85% passing 75

ASX Release 4 March 2022

Criteria JORC Code explanation Commentary
sampled. microns. Samples were analyzed for trace
elements using 4-acid digestion. Additionally,
rocks samples were analyzed by standard
30gm fire assay for gold and silver.
• Sample size assessment was not conducted but
used sampling size which is typical for gold
deposits.
Quality of The nature, quality and appropriateness • Samples were assayed by industry standard
assay data of the assaying and laboratory methods by ALSGlobal Laboratories, Paragon
and procedures used and whether the Geochemical, and Kappes Cassiday &
laboratory technique is considered partial or total. Associates in Reno, Nevada and Hazen
tests For geophysical tools, spectrometers, Research Laboratories in Golden, Colorado.
handheld XRF instruments, etc, the • Fire assays for gold and silver were
parameters used in determining the completed using industry standard fire
analysis including instrument make and assay methodology.
model, reading times, calibrations • External certified standards and blank
factors applied and their derivation, etc. material were added to the sample
Nature of quality control procedures submission.
adopted (eg standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (ie lack of bias) and precision
have been established.
Verification of The verification of significant • Sampling, documentation and sample submittal
sampling and intersections by either independent or were under the guidance and care of Graham
assaying alternative company personnel. Craig, GIT (Association of Professional Engineers
The use of twinned holes. and Geoscientists of Manitoba).
Documentation of primary • Drilling, sample, and assay data is currently
data, data entry procedures, stored in MX Deposit, a secured data
data verification, data storage management system through Seequent.
(physical and electronic)
protocols.
Discuss any adjustment to assay data.
Location of Accuracy and quality of surveys used to • All drill hole collars are surveyed using differential
data points locate drill holes (collar and down-hole GPS survey equipment. The positions are accurate
surveys), trenches, mine workings and to within 10 cm x-y and height (z) to +/- 20 cm.
other locations used in Mineral Resource • The holes are surveyed in the Colorado State
estimation. Plane, UTM zone 12, NAD 1983 coordinate
Specification of the grid system used. system.
Quality and adequacy of topographic • Down hole surveys will be done using a Reflex
control. SPRINT-IQ north seeking gyro on all diamond
drill holes. With collars surveyed using Reflex
TN-14 Azimuth Aligner.
• Sample locations were surveyed using
Colorado State Plane, UTM zone 12, NAD 1983
coordinate system.
Data spacing Data spacing for reporting of Exploration • The spacing and location of data is currently
and Results. 16-33 meter spacing according to previous
distribution Whether the data spacing, and Mineral Resource estimation completed.
distribution is sufficient to establish the • No sample compositing has been applied.
degree of geological and grade
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.

ASX Release 4 March 2022

Criteria JORC Code explanation Commentary
Whether sample compositing has been
applied.
Orientation of Whether the orientation of sampling • Drill holes are planned to be drilled obliquely to
data in relation achieves unbiased sampling of possible near perpendicular to the known mineralized
to geological structures and the extent to which this is structures. Definition of structure location is the
structure known, considering the deposit type. principal goal.
If the relationship between the drilling • Sample orientation is deemed to be
orientation and the orientation of key representative for reporting purposes.
mineralised structures is considered to • No bias is considered to have been
have introduced a sampling bias, this introduced by the existing sampling
should be assessed and reported if orientation.
material.
Sample The measures taken to ensure sample • All samples were taken and maintained
security security. under the constant care of CRG Mining
personnel. Samples were delivered to
laboratories by a licensed transportation
company.
Audits or The results of any audits or reviews of • Drill hole sampling techniques and QAQC
reviews sampling techniques and data. procedures have been developed and
reviewed by Dale Sketchley, M.Sc., P. Geo. of
Acuity Geoscience Ltd., Graham Craig, GIT.
• The QAQC program has demonstrated its
ability to catch errors.
• A QAQC review will be completed for this
program.

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 • All tenements are 100% owned by
tenement and and ownership including agreements or Dateline Resources Limited or a wholly
land tenure material issues with third parties such owned subsidiary and there exist
status as joint ventures, partnerships, production-based royalties as previously
overriding royalties, native title disclosed to ASX.
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.
Exploration Acknowledgment and appraisal of • Historical work was completed by various
done by other exploration by other parties. groups over 100 years. Review of this work was
parties completed by Dahrouge Geological Consulting
Ltd. In 2019.
• All previous work undertaken by others is non-
JORC compliant.

ASX Release 4 March 2022

Criteria JORC Code explanation Commentary
Geology Deposit type, geological setting and style of • The Gold Links Project is hosted by an Early
mineralisation. Proterozoic assemblage of fine-grained meta-
sediments and interbedded felsitic meta-
volcanics. These were intruded by Early
Proterozoic amphibolites, granites, and
rhyolite porphyry dykes. Tertiary age rhyolitic
stocks, dikes and sills intrude the Proterozoic
rocks.
• The gold and silver mineralization occurs in
narrow fissure quartz veins. Veins in the
district trend West-Northwest with steep
Southerly dips.
• The auriferous quartz veins cut through
the various rock types. There appears to
be an affinity for the veins with the
amphibolites. The primary sulphide
occurring in these veins is pyrite. Broad
zones of silicification and disseminated
sulfides have been found near the veins.
Drill hole A summary of all information material to • See Table 1 within this report for details
Information the understanding of the exploration of the drill holes and sample locations.
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, weighting • Drill hole intersections are reported
aggregation averaging techniques, maximum and/or above a lower exploration cut-off grade
methods minimum grade truncations (eg cutting of of 0.2 g/T Au and no upper cut off grade
high grades) and cut-off grades are has been applied.
usually Material 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.

ASX Release 4 March 2022

Criteria JORC Code explanation Commentary
Relationship These relationships are particularly • Drill holes are orientated
between important in the reporting of obliquely to the mineralized
mineralisation Exploration Results. structures and disseminated
widths and If the geometry of the mineralisation bodies.
intercept with respect to the drill hole angle is • Interception angles of the
lengths known, its nature should be reported. mineralized structures are
If it is not known and only the down hole estimated by geometries from
lengths are reported, there should be a known occurrences in the
clear statement to this effect (eg ‘down adjacent mine workings and
hole length, true width not known’). the core drilling intercepts.
Diagrams Appropriate maps and sections (with • Supporting figures have been included within
scales) and tabulations of intercepts the body of this release.
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.
Balanced Where comprehensive reporting of all • Representative reporting of both low and high
reporting Exploration Results is not practicable, grades and/or widths have been reported.
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
substantive material, should be reported including (but
exploration not limited to): geological observations;
data 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 • At Gold Links, future work will include
further work (eg tests for lateral expanded drilling the on-strike and down-dip
extensions or depth extensions or extensions of the 2150, Hanging Wall, and
large-scale step-out drilling). 1700 veins, preparation for underground
Diagrams clearly highlighting the areas of exploitation, finalizing the surface program;
possible extensions, including the main reopening, mapping and sampling of
geological interpretations and future previously inaccessible underground workings;
drilling areas, provided this information is as well as infill and expanded surface soil
not commercially sensitive. geochemistry, geological mapping, and
geophysics.