DELTA LITHIUM LIMITED — Capital/Financing Update 2021

Apr 21, 2021

ASX Announcement 22 April 2021

ASX code: TIN

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Eureka Resource Update Underway and Reids Ridge Drilling Commenced

Highlights:

• All results excluding three holes from the first Eureka drilling campaign are now received and a resource update is underway

• A total of 89 holes for 11,441m were drilled

• Significant assays returned from the second half of the first pass program at Eureka include:

• 4m @ 10.99 g/t Au from 42m in WRRC0019 (Northern Area) Including 2m @ 19.2 g/t Au from 43m

• 6m @ 4.17g/t Au from 52m in WRRC0095 (Northern Area)

• 1m @ 14.72 g/t Au from 26m in WRRC0090

• 2m @ 6.13 g/t Au from 201m in WRRC0080 (Eureka deep Sulphides)

• 6m @ 2.78 g/t Au from 114m in WRRC0052 (North Eastern extension)

• 5m @ 1.66 g/t Au from 102m in WRRC0003 (South of Pit)

• 5m @ 3.27 g/t Au from 52m in WRRC0075 Including 1m @ 12.99 g/t Au from 52m And 3m @ 4.78g/t Au from 67m

Previously reported results

• 34m @ 1.75 g/t Au from 103m in hole WRRC0081 including 9m @ 2.78g/t Au and 3m @ 7.89g/t Au

• 4m @ 6.56g/t Au from 74m in hole WRRC0082 including 2m @ 11.8 g/t Au and 5m @ 2.23 g/t Au from 129m

• 14m @ 2.09 g/t Au from 51m in hole WRRC0001 including 4m @ 5.48g/t Au

• 2m @ 5.59 g/t Au from 248m in hole WRRC0051 including 1m @ 10.1g/t Au

• 5m @ 2.88 g/t Au from 24m in hole WRRC0018

• 3m @ 1.96 g/t Au from 84m in hole WRRC0023

• Laterite intervals immediately north of the main pit include

• 6m @ 0.98 g/t Au from 2m in WRRC0035

• 5m @ 2.01 g/t Au from 5m in WRRC0073

• 6m @ 1.09 g/t Au from 4m in WRRC0033

• 5m @1.22 g/t Au from 5m in WRRC0028

• 4m @ 1.07 g/t Au from 4m in WRRC0036

• 7m @ 0.94 g/t Au from 1m in WRRC0030

• Reids Ridge drilling underway with target intersected in first three holes

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TNT Mines | ACN 107 244 039 | tntmines.com.au
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ASX Announcement 22 April 2021

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TNT Mines Ltd (ASX:TIN) (“TNT” or the “Company”) is pleased to report the remainder of results from the maiden reverse circulation (RC) drilling program designed to test four separate target areas at its 100%owned Eureka Gold 50km north of Kalgoorlie, Western Australia.

All planned drilling has now been completed for a total consideration of 11,441m and 89 holes. All assays excluding three holes drilled 800m south of the pit have now been received.

TNT will now complete a reinterpretation of the existing mineralisation and prepare an updated resource estimate for Eureka in the coming weeks.

North East Extension

Drillhole WRRC0052 intersected 6m @ 2.78g/t Au from 114m approximately 150m north-east of the current pit in a previously untested portion of the structure. Furthermore WRRC0059, collared some 175m to the north-east along the same interpreted trend, intersected a broad interval of 8m @ 1.14 g/t Au including 4m @ 1.75 g/t Au (4m composite being resampled now) from 112m in altered basalt with quartz veining. The mineralisation is open in all directions along strike up and down dip. This area is now a priority target area for the next round of drilling due to commence in early May once the Reids Ridge program is completed.

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Figure 1. Long section showing grade metre contours and Au drillhole pierce points

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ASX Announcement 22 April 2021

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Northern High-Grade Area

Drillholes WRRC0019 and WRRC0095 intersected 4m @ 10.99 g/t Au from 42m and 6m @ 4.17g/t Au from 52m in a previously untested area north-east of the high-grade historical workings 600m north of the Eureka Pit. The mineralisation is contained within a sheared quartz-rich oxidised mafic unit shallow dipping at 45 degrees to the south-east and remains open at depth and to the north-east where the mineralisation is now interpreted to be striking. Follow up drilling is being designed for this area and will be undertaken in the next program.

Figure 1; Plan view showing High grade Area 600m North of Eureka pit with interpreted trend of mineralisation following Quartz float to the North East The extent and grade of the northern laterite has now been confirmed with consistent gold grades returned from a Lateritic horizon extending some directly the North of the pit, intersections within the outcrop included 6m @ 0.98 g/t Au from 2m in WRRC0035, 5m @ 2.01 g/t Au from 5m in WRRC0073, 6m @ 1.09 g/t Au from 4m in WRRC0033, 5m @1.22 g/t Au from 5m in WRRC0028 and 4m @ 1.07 g/t Au from 4m in WRRC0036. The Laterite will form a potential low-cost source of easily accessible oxidised ounces and has previously not been included into any resource inventory

Figure 2. Cross section from 44,480m north in the high-grade historical area

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ASX Announcement 22 April 2021

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Figure 3. Plan view showing high grade area 600m north of Eureka pit with interpreted trend of mineralisation following quartz float to the north east

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ASX Announcement 22 April 2021

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The extent and grade of the northern laterite has now been confirmed with consistent gold grades returned from a lateritic horizon extending directly north of the pit. Intersections within the outcrop included 6m @ 0.98 g/t Au from 2m in WRRC0035, 5m @ 2.01 g/t Au from 5m in WRRC0073, 6m @ 1.09 g/t Au from 4m in WRRC0033, 5m @1.22 g/t Au from 5m in WRRC0028 and 4m @ 1.07 g/t Au from 4m in WRRC0036. The laterite will form a potential low-cost, easily accessible source of oxidised ounces and has previously not been included into any resource inventory.

Figure 4. Cross section of laterite mineralisation located on the northern pit border

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ASX Announcement 22 April 2021

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Figure 5. TMI image with pit location and laterite section position shown

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ASX Announcement 22 April 2021

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Reids Ridge Commenced

Drilling is now underway at Reids Ridge with the area below the historic mine targeted in this first pass campaign. Drilling conditions have been difficult with several holes abandoned due to equipment failure and excessive deviation from planned targets. Three (3) holes to date have pierced the structure with visible gold encountered in RRRC0003 at 160-161m down hole directly adjacent to existing underground workings. RRRC0004 and RRRC0005 also encountered highly altered quartz-basalt with minor sulphides up to 1-2% by volume. In RRRC0003, up to 5% by volume of sulphides including arsenopyrite, chalcopyrite and minor pyrite were encountered in conjunction with smoky quartz, minor visible gold (<1%), chlorite and sheared basalt. Hole locations are shown in Figure 7 below. Drilling is continuing and planned to be complete by the end of April.

All of these holes have been submitted for assaying at Bureau Veritas Labs in Perth, with assays expected shortly.

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Figure 6. RC chip tray from RRRC0003 showing quartz lode with visible gold and sulphide (Arsenopyrite, Chalcopyrite and Pyrite) intersected in hole RRRC0003 from 160m to 161m followed by 3m of Quartz veining with Chlorite alteration.

Visual estimates are based on geological observations of the RC drill chips utilising a hand lens which typically magnifies the drill chips between 5-20%. The Company has observed disseminated sulphides in the RC chips which it estimates to represent up to 5% of the total rock volume.

In relation to the disclosure of visual mineralisation, the Company cautions that visual estimates of sulphide and oxide material abundance should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to determine the widths and grade of the visible mineralisation reported in preliminary geological logging. The Company will update the market when laboratory analytical results become available.

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ASX Announcement 22 April 2021

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CEO Matthew Boyes commented on these initial drill results, “The results from the northern high grade area and the north-east extension at Eureka are very encouraging as little to no previous exploration has been carried out testing structures in those areas. The north-east area is of particular interest as in excess of 2,000m of strike remains untested. We are looking forward to having a rig back onsite in the coming weeks to follow up on those targets.

In the meantime, Reids Ridge drilling is continuing and we will be commencing an independent resource update for Eureka along with some updated optimisation numbers for the new Eureka resource.”

Next Steps

TNT intends to return to Eureka and follow up on the initial drill program once the first pass drilling at Reids Ridge is completed at the end of April. Program design is currently being finalised with early estimates suggesting 3,000-4,000m of drilling is required. A soil geochemical program has been completed over the remainder of the Eureka tenement area with samples now submitted and results expected in late April. A geophysical IP survey is being planned for the north-western portion of the M59-0755 tenement at Reids Ridge to better understand the relationship between the large granodioritic intrusive and the main Reids Ridge structure.

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Figure 7. Proposed area for IP program and Reids Ridge collar locations

ASX Announcement 22 April 2021

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Authorised for lodgement by the Board.

For further information, please contact:

TNT Mines Ltd

Matthew Boyes Chief Executive Officer +61 8 6319 1900 frontdesk@tntmines.com.au

Competent Persons Statement

Exploration information in this Announcement is based upon work undertaken by Mr Matthew Boyes who is a Fellow of the Australasian Institute of Mining and Metallurgy (AUSIMM). Mr Boyes 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 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’ (JORC Code). Mr Boyes is an employee of Great Boulder Resources and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

The information in this report that relates to Exploration Targets and Mineral Resource estimates is based on information compiled by Richard Maddocks, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Richard Maddocks is an independent consultant to Warriedar Mining Pty Ltd. Mr Maddocks has sufficient experience that is relevant to the style of mineralisation and type of deposit 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 Mineral Resources and Ore Reserves’. Mr. Maddocks 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: SIGNIFICANT INTERSECTIONS FROM EUREKA PROGRAM 1

			Hole ID		From (m)		To (m)	Width (m)	Au **g/t **	Comments
			WRRC0001		51		65	14	2.09	Oxide Southern extension
			including		56		60	4	5.48	Drilled @ Azimuth 330
			and		75		80	5	1.32
			WRRC0082		74		78	4	6.56	Oxide Southern extension
			Including		74		76	2	11.79
			and		129		134	5	2.23	Transition zone base of oxidation
			WRRC0051		248		250	2	5.59	Sulphide Down dip NE
			including		248		249	1	10.07
			and		272		275	3	1.91
			WRRC0081		102		136	34	1.75	Oxide Southern extension
			including		114		125	9	2.78
			and		131		134	3	7.9
			WRRC0018		24		29	5	2.88	Extension Northern HG area
			WRRC0021		107		109	2	3.52	Down dip existing workings
			WRRC0023		84		87	3	1.97	Northern area
			WRRC0071		118		120	2	0.91	Northern Pit Sulphide
			and		130		132	2	2.04
					156		157	1	3.62
			WRRC0072		45		46	1	1.2
			WRRC0080		201		203	1	6.13	Northern Area Sulphide
			and		209		210	1	1.67
			and		217		218	1	1.19
			WRRC0019		42		46	4	10.99	Extension Northern HG area
			including		43		44	2	19.2
			WRRC0095		52		56	6	4.17	Extension Northern HG area
TNT Mines				ACN 107	244 039			tntmines.com.au

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Hole ID	From (m)	To (m)	Width (m)	Au g/t	Comments
WRRC0090	26	27	1	14.72	Northern Pit area
WRRC0052	114	120	6	2.78	North East Extension
WRRC0059	112	120	8	1.14	North East Extension (2x 4m Comps)
WRRC0003	102	107	5	1.66	Southern Pit extension
WRRC0035	2	8	6	0.98	Laterite
WRRC0073	5	10	5	2.01	Laterite
WRRC0033	4	10	6	1.09	Laterite
WRRC0028	5	10	5	1.22	Laterite
WRRC0036	4	8	4	1.07	Laterite
WRRC0030	1	8	7	0.94	Laterite

APPENDIX 2: DESIGN HOLE COLLAR COORDINTAES REIDS RIDGE PROGRAM 1

Collar ID	East	North	RL	Collar Dip	Collar Azimuth	EOH (m)	Date Stopped
RRRC0003 RRRC0004 RRRC0005	515060.6 515062 515062	6783325.5 6783325.5 6783325.5	325 325 325	58 65 76	280 230 280	180 240 276	27-03-21 30-03-21 04-04-21

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APPENDIX 3: DESIGN HOLE COLLAR COORDINTAES EUREKA PROGRAM 1

Collar ID	East	North	RL	Collar Dip	Collar Azimuth	EOH (m)	Date Stopped
WRRC0001 WRRC0002 WRRC0003 WRRC0004 WRRC0005 WRRC0006 WRRC0007 WRRC0008 WRRC0009 WRRC0010 WRRC0011 WRRC0013 WRRC0014 WRRC0015 WRRC0017 WRRC0018 WRRC0019 WRRC0021 WRRC0022 WRRC0023 WRRC0024 WRRC0025 WRRC0026 WRRC0027 WRRC0028 WRRC0029 WRRC0030 WRRC0031 WRRC0032 WRRC0033 WRRC0034 WRRC0035 WRRC0036 WRRC0037 WRRC0038 WRRC0039 WRRC0040 WRRC0041 WRRC0042 WRRC0043 WRRC0044 WRRC0045 WRRC0046	332520.81 332478.31 332529.56 332461.49 332496.46 332441.65 332480.20 332699.69 332531.15 332657.13 332683.84 332553.84 332866.81 332847.54 332375.96 332390.79 332411.52 332337.48 332373.40 332398.60 332400.04 332411.08 332430.84 332454.29 332477.24 332494.67 332518.41 332430.00 332443.71 332465.74 332486.77 332509.00 332529.77 332550.05 332600.35 332341.36 332368.08 332340.85 332373.63 332266.30 332316.70 332340.82 332395.04	6643448.29 6643455.39 6643452.43 6643429.63 6643427.58 6643397.63 6643399.37 6643806.30 6643884.29 6643858.64 6643695.35 6643348.02 6642690.08 6642604.26 6644447.98 6644470.39 6644472.55 6644399.54 6644399.49 6644399.10 6644435.91 6643848.60 6643843.93 6643849.92 6643850.67 6643847.28 6643846.25 6643860.00 6643861.05 6643860.18 6643859.26 6643860.53 6643859.30 6643856.55 6643853.38 6644329.46 6644327.86 6644378.30 6644374.82 6644549.52 6644549.74 6644519.70 6644501.43	429.45 428.51 429.91 428.22 429.28 425.45 428.48 426.43 430.58 427.86 429.32 444.29 421.39 419.31 426.09 426.48 426.65 425.20 425.44 425.94 426.16 431.78 435.06 434.44 433.32 432.28 431.23 438.00 435.14 434.18 433.09 431.96 430.82 429.94 429.17 425.95 426.14 425.13 425.61 425.61 426.23 426.34 426.87	60 55 75 55 55 55 55 62 60 60 55 60 57 57 60 57 57 57 57 57 50 60 60 60 60 60 60 60 60 60 60 60 60 60 60 57 57 60 60 57 57 57 60	277 274 270 270 270 270 270 260 270 270 250 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 240 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270 270	151 100 160 100 120 80 100 340 120 230 330 272 200 200 75 90 120 120 120 150 141 30 55 65 80 90 90 30 55 65 90 100 110 120 160 80 100 90 120 100 100 100 100	28-11-20 28-11-20 15-01-21 29-11-20 29-11-20 30-11-20 30-11-20 07-02-21 19-12-20 09-12-20 20-02-21 17-12-20 21-01-21 19-01-21 13-12-20 10-12-20 15-12-20 15-12-20 13-12-20 14-12-20 09-12-20 10-01-21 04-02-21 11-01-21 11-01-21 11-01-21 04-02-21 04-02-21 11-01-21 12-01-21 12-01-21 18-12-20 13-01-21 13-01-21 14-01-21 11-12-20 11-12-20 11-12-20 12-12-20 27-01-21 28-01-21 30-01-21 30-01-21

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WRRC0047 WRRC0048 WRRC0049 WRRC0051 WRRC0052 WRRC0053 WRRC0054 WRRC0055 WRRC0056 WRRC0057 WRRC0058 WRRC0059 WRRC0061 WRRC0062 WRRC0064 WRRC0065 WRRC0066 WRRC0067 WRRC0070 WRRC0071 WRRC0072 WRRC0073 WRRC0074 WRRC0075 WRRC0077 WRRC0078 WRRC0079 WRRC0080 WRRC0081 WRRC0082 WRRC0083 WRRC0085 WRRC0086 WRRC0087 WRRC0088 WRRC0089 WRRC0090 WRRC0091 WRRC0092 WRRC0093 WRRC0094 WRRC0095 WRRC0096 WRRC0097 WRRC0098	332446.49 332486.18 332443.52 332672.68 332599.43 332685.19 332552.36 332528.24 332518.34 332278.27 332282.74 332647.44 332992.75 333243.64 332550.87 332425.91 332619.99 332682.48 332437.29 332453.96 332469.00 332494.34 332507.36 332549.67 332349.76 332419.35 332637.08 332660.40 332520.17 332549.92 332559.09 332481.48 332672.34 332360.64 332469.36 332506.66 332515.31 332572.85 332555.29 332518.20 332551.36 332427.00 332415.61 332422.58 332428.43	6644507.55 6643922.77 6643984.13 6643738.77 6643953.06 6643695.39 6643476.03 6644498.65 6644418.14 6644531.17 6644587.70 6644119.53 6642500.14 6642542.56 6644301.93 6644134.63 6643431.28 6643484.85 6643874.62 6643877.19 6643876.17 6643872.31 6643871.57 6643878.27 6644264.65 6644264.91 6643802.94 6643803.66 6643476.38 6643474.64 6643575.84 6643226.12 6643002.08 6644638.16 6643890.69 6643893.53 6643926.06 6643930.39 6643399.15 6643396.47 6643428.52 6644480.73 6644572.60 6644527.12 6644501.34	427.58 431.25 427.03 429.26 429.88 429.31 428.02 428.30 427.21 425.53 426.11 431.08 417.57 417.25 429.64 427.89 445.49 446.41 434.44 434.59 433.76 432.60 431.94 430.02 427.06 429.29 427.95 427.20 429.35 428.27 350.97 422.89 421.53 427.68 433.52 431.36 429.94 429.63 439.85 435.59 436.69 427.02 428.18 427.59 427.28	57 55 55 63 60 65 60 60 60 60 60 60 55 55 60 60 75 60 60 60 60 60 60 60 55 55 52 65 60 52 55 55 55 55 60 60 60 60 60 60 60 60 55 55 60	270 270 270 270 270 250 290 210 210 200 200 270 270 270 270 270 270 285 270 270 270 270 270 270 270 270 275 270 333 285 200 270 270 270 270 270 270 270 270 270 270 270 270 270 270	150 75 80 295 200 330 200 150 150 150 150 130 150 178 250 150 214 290 30 30 80 80 90 110 150 150 192 250 190 170 140 154 200 46 75 85 80 120 180 140 170 100 100 100 100	29-01-21 31-01-21 30-01-21 04-12-20 10-02-21 15-01-21 10-01-21 26-01-21 27-01-21 25-01-21 23-01-21 10-02-21 22-01-21 23-01-21 12-02-21 18-12-20 16-01-21 09-02-21 04-01-21 14-01-21 18-12-20 14-01-21 14-01-21 05-02-21 16-12-20 02-02-21 01-12-20 06-12-20 28-11-20 09-01-21 13-02-21 08-01-21 18-01-21 29-01-21 01-02-21 01-02-21 31-01-21 01-02-21 22-02-21 21-02-21 23-02-21 16-01-21 17-01-21 17-01-21 16-01-21

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JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data Eureka Programme

Criteria	Commentary
Sampling techniques	• All samples were collected from a static cone splitter mounted directly below the cyclone on rig. Samples were taken as 1m splits or 4m composites utilizing by scoop collection directly after collection or a composite collected by addition of 4 individual 1m splits • This method of sampling is considered to be appropriate for this style of exploration
Drilling techniques	• All drilling was completed by Strike Drilling utilizing a Schramm T450 Reverse Circulation rig utilizing 4”1/4 face sampling bit. Industry standard drilling methods and equipment was utlised
Drill sample recovery	• No sample recovery was calculated or recorded for this program • Sample condition was recorded for every metre including noting presence of water or minimal sample return
Logging	• Geological logging of all drillholes followed standard company procedures. Qualitive logging of samples includes lithology, mineralogy, alteration, veining and weathering. All chip trays are photographed and and every metre is logged sieved and securely stored • Logging is suitable to support Mineral resource estimates and subsequent mining studies
Sub-sampling techniques and sample preparation	• 1m cyclone splits through a static splitter mounted directly beneath the cyclone and 4m composite samples were taken in the field. 4m composites were either scoop sampled from bagged sample. Samples were analysed at SGS Laboratories in Kalgoorlie. Samples were pulverized so that each sample had a nominal 85% passing 75 microns. A 30g allotment was then analysed by fire assay method FA30. All sample weights were recorded and reported. • All batches sent to lab included duplicate and industry standard CRM’s inserted at suitable frequency within the sample batches
Quality of assay data and laboratory tests	• All samples were prepared and assayed by industry standard techniques and methods
Verification of sampling and assaying	• Certified reference material and duplicates were inserted at approximately every 20 samples • A third party independent database consultant has processed and verified the QAQC data and sampling interval data
Location of data points	• Drillhole collars were designed and then pegged using a handheld GPS unit, all completed holes have been surveyed by an independent third party to an accuracy of approximately +/- 1cm, Locations are recorded in UTM coordinates • Downhole surveys were completed by Strike drilling using a Gyro instrument
Data spacing and distribution	• Drillhole spacing is variable throughout the program • Spacing is considered appropriate for this style of exploration and development drilling

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Criteria	Commentary
Orientation of data in relation to geological structure	• Drillholes are orientated perpendicular to the regional trend of the mineralisation previously drilled at the project, drillhole orientation does is not considered to have introduced any bias to sampling techniques utlised
Sample security	• All samples were collected processed and delivered directly to SGS Laboratories in Kalgoorlie by TNT Mines staff
Audits or reviews	• None carried out

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Section 2 Reporting of Exploration Results Eureka

Criteria	Commentary
Mineral tenement and land tenure status	• Drilling has been carried on 3 separate tenements, two mining and one prospecting licence M24/189, P24/5116 and M24/565 all controlled 100% by TNT Mines through its 100% owned subsidiary Warriedar Mining Pty Ltd. The tenements are located 51.5km North of Kalgoorlie at the existing Eureka mine site • All tenements are in good standing at the time of the drilling
Exploration done by other parties	• Eureka Mine site has mined for the most part in the early 1990’s and then subject to tribute mining in 2018. Limited exploration has been carried out since the 1990’s with drilling located close to existing pit with the objective of following the existing mineralisation down dip
Geology	• The Eureka gold project is located within a sequence of mafic and ultramafic rocks forming part of the Kalgoorlie-Menzies sector of the Norseman to Wiluna Greenstone belt. The sequence is approximately 6 kilometers wide with a northerly trend. In the vicinity of the Eureka mine the sequence generally has an easterly dip of between 65 to 70 degrees paralleled by regional foliation and metamorphism. • Mineralisation is hosted with a sheared/faulted mafic package dipping to the East at approximately 70 degrees, mineralisation is associated with numerous quartz veins with and associated proximal alteration, base of oxidation extends down to approximately 120m at the Eureka mine area mineralisation is up to 30m in thickness
Drill hole Information	• A list of the drill hole coordinates, orientations and metrics are provided as an appended table
Data aggregation methods	• No grade truncations were applied to these exploration results. A weighted average calculation was used to allow for bottom of hole composites that were less than the standard 4m. No metal equivalents are used
Relationship between mineralisation widths and intercept lengths	• The geometry of the mineralisation is known with the main quartz vein hosted mineralisation interpreted to be dipping at 70 degrees to the east all drill intercepts are estimated to represent 85-90% of the true width of mineralisation intersected, only drillhole WRRC0081 is considered to have been orientated in a manner where the intersected mineralisation represents approximately 60% of true width
Diagrams	• Figures have been included in the announcement
Balanced reporting	• It is not practical to report all historical exploration results from the Eureka project
Other substantive exploration data	• Exploration at the Eureka project was previously carried out by Tyranna resources during 2018-2019, results of this work have been previously released including a resource estimate and updated economic assessment

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TNT Mines | ACN 107 244 039 | tntmines.com.au
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Criteria	Commentary
Further work	• Further exploration and development drilling will be designed once the full program has been completed and data checked and interpreted. A full resource update is will be initiated on completion of this phase of drilling • Images included identify areas of potential future targets, further work is discussed in the announcement

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data Reids Ridge Programme

Criteria	Commentary
Sampling techniques	• All samples were collected from a static cone splitter mounted directly below the cyclone on rig. Samples were taken as 1m splits directly into Calico bags with the remainder stored in green plastics • This method of sampling is considered to be appropriate for this style of exploration
Drilling techniques	• All drilling was completed by Three Rivers Drilling utilizing a Schramm T450 Reverse Circulation rig utilizing 5”1/2 face sampling bit. Industry standard drilling methods and equipment was utilised
Drill sample recovery	• No sample recovery was calculated or recorded for this program • Sample condition was recorded for every metre including noting presence of water or minimal sample return
Logging	• Geological logging of all drillholes followed standard company procedures. Qualitive logging of samples includes lithology, mineralogy, alteration, veining and weathering. All chip trays are photographed and and every metre is logged sieved and securely stored • Logging is suitable to support Mineral resource estimates and subsequent mining studies
Sub-sampling techniques and sample preparation	• 1m cyclone splits through a static splitter mounted directly beneath the cyclone Samples have been sent to Bureau Veritas Laboratories in Perth for analysis. Samples were pulverized so that each sample had a nominal 85% passing 75 microns. A 40g allotment was then analysed by fire assay method FA0001. All sample weights were recorded and reported.

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		• All batches sent to lab included duplicate and industry standard CRM’s inserted at suitable frequencywithin the sample batches
Quality of assay data and laboratory tests		• All samples were prepared and assayed by industry standard techniques and methods
Verification of sampling and assaying		• Certified reference material and duplicates were inserted at approximately every 20 samples • A third party independent database consultant has processed and verified the QAQC data and samplinginterval data
Location of data points		• Drillhole collars were designed and then pegged using a handheld GPS unit, all completed holes will be surveyed by an independent third party to an accuracy of approximately +/- 1cm, Locations are recorded in UTM coordinates • Downhole surveys were completed by Three Rivers Drilling drilling using a Gyro instrument at 30m intervals
Data spacing and distribution		• Drillhole spacing is variable throughout the program • Spacing is considered appropriate for this style of exploration and development drilling
Orientation of data in relation to geological structure		• Drillholes are orientated perpendicular to the regional trend of the mineralisation previously drilled at the project, drillhole orientation does is not considered to have introduced any bias to sampling techniques utilised
Sample security		• All samples were collected processed and delivered directly to Bureua Veritas Labs in Perth by TNT Mines staff
Audits or reviews		• None carried out
Criteria	Commentary
Mineral tenement and land tenure status	• Drilling has been carried on 1 tenement only M59- 0755 which is 100% by TNT Mines through its 100% owned subsidiary Warriedar Mining Pty Ltd. The tenements are located 40km North West of Paynes Find • All tenements are in good standing at the time of the drilling
Exploration done by other parties	• Reids Ridge minesite was last explorerd by Norwest Minerals up to 2020 and previously Aphex Minerals in 2015-2018, Warriedar Mining purchased the asset from Norwest Minerals in Q3 2020

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Geology Drill hole Information	• Epigenetic gold mineralisation in the Warriedar Fold Belt is associated with pyritic alteration of intensely folded and brecciated banded ironstones, forming quartz or quartz-tourmaline veins and stock works in felsic and mafic volcanic rocks (Aphex Annual Report 2016). Additionally, high gold grades have been reported in narrow vein quartz-bearing structures along structural shear zones which are prevalent throughout the tenement area
	• A list of the drill hole coordinates, orientations and metrics are provided as an appended table
Data aggregation methods	• No grade truncations were applied to these exploration results. A weighted average calculation was used to allow for bottom of hole composites that were less than the standard 4m. No metal equivalents are used
Relationship between mineralisation widths and intercept lengths	• The geometry of the mineralisation is known with the main quartz vein hosted mineralisation interpreted to be dipping at 90 degrees all drill intercepts are estimated to represent 75-80% of the true width of mineralisation intersected, All 3 holes have been drilled form the same location with differing dips and Azimuths
Diagrams	• Figures have been included in the announcement
Balanced reporting	• It is not practical to report all historical exploration results from the Eureka project
Other substantive exploration data	• Exploration at the Reids Ridge project was previously carried out by Tnorwest Minerals and Aphex Minaerals resources during 2015-2020, results of this work have been previously released
Further work	• Further exploration and development drilling will be designed once the full program has been completed and data checked and interpreted. • Images included identify areas of potential future targets, further work is discussed in the announcement

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