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DELTA LITHIUM LIMITED M&A Activity 2024

Oct 24, 2024

64775_rns_2024-10-24_1a132c0f-7546-4819-a138-edde93a7f546.pdf

M&A Activity

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ASX Announcement 25 October 2024

Javelin agrees to acquire Eureka Gold Mine near Kalgoorlie Eureka already hosts a JORC Mineral Resource Estimate of 112,000oz Au, with mineralisation open along strike and at depth

Highlights

  • Javelin to acquire Eureka Gold Mine from Delta Lithium Limited (ASX: DLI) for upfront consideration of $3m in cash and shares, plus $1m in deferred consideration shares

  • The deal will deliver Javelin its second brownfields exploration project in WA’s Eastern Goldfields, close to existing infrastructure including mills with production capacity

  • Eureka historical drill intercepts to be followed up in Q1 2025 drill program include 4m @ 134.52g/t Au, 3m @ 48.75 g/t Au and 4m at 32.08g/t Au

  • Javelin has secured $3m in firm commitments with Shaw and Partners to fund the Eureka acquisition and the Eureka exploration programs to commence in Q1 2025

  • Current JORC Mineral Resource Estimate at Eureka stands at 2.45Mt at 1.42 g/t Au totalling 112,000oz. All resources are hosted on granted historic mining leases.

  • Major gold deposits such as Paddington (>4Moz) are hosted within the same greenstone lithological sequence only 20km south-east of Eureka

  • Structural setting similar to Zoroastrian deposit (530Koz) at Bardoc Gold - 1.4km to the east of Eureka Gold Deposit

  • Javelin is set to start drilling at its Coogee Gold project near Kalgoorlie in this quarter

Javelin Minerals Limited (ASX: JAV) ( Javelin ) is pleased to advise that it has agreed to acquire 100% of the Eureka Gold Project ( Eureka Gold Project or the Project ) in WA from Delta Lithium Limited (ASX: DLI) ( Delta ) for upfront consideration of $1.5 million cash and $1.5m worth of Javelin shares to be escrowed for 12 months, and deferred consideration of $1.0m worth of Javelin shares vesting on Eureka Gold Project milestones being achieved, subject to Javelin shareholder approval.

Eureka is located 54km north-north-west of Kalgoorlie in the heart of the State’s greenstone belt. It sits 20km north-north-west of the world-famous Paddington gold mine and near several producing mines.

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ASX Announcement 25 October 2024

The Eureka Gold Project has a JORC Mineral Resource Estimate of 112,000oz at 1.42g/t at a cut-off grade of 0.5g/t. This includes an Indicated Mineral Resource Estimate of 62,000oz. The Project acquisition comprises four mining licences M24/0584, M24/0585, M24/0586 and M24/0189, one miscellaneous licence L24/0234 and the three prospecting licences P24/5116, P24/5549 and P24/5548 (the Tenements ).

Eureka was mined in the early 1990’s and then subject to tribute mining in 2018. The majority of the gold resource is currently hosted on granted mining leases in the immediate vicinity of the Eureka open pit, along strike and down-dip. The mineralisation is hosted within several steeply dipping sheared zones dipping at approximately 75 degrees to the east.

Resource drilling in 2021 by Delta (formerly TNT Mines Ltd) (ASX Announcement 28 July 2021: New Gold Lode at Eureka, ASX Announcement 7 October 2021: Eureka North Exploration Results Include High Grade Gold) led to the establishment of a new lode to the north of the pit. The successful drilling campaign confirmed additional mineralisation in addition to historical results in the ASX release including:

  • 4m @ 134.52g/t Au from 53m from drillhole ERC39, and

  • 4m at 32.08g/t Au from 104m from Drillhole WRRC106.

  • Drilling to the south of the pit extended the known mineralisation with additional high grade results including:

  • 6m at 13.88g/t from 38m, including 2m at 31.95g/t from drillhole WRRC0121.

Subsequent extensional drilling in 2021 by Delta (formerly Red Dirt Metals Ltd) at Eureka North resulted in more significant results (ASX Announcement 7 October 2021: Eureka North Exploration Results Including High Grade Gold). Significant assays returned include:

  • 3m @ 48.75 g/t Au from 129m in WRRC0135

  • 4m @ 11.2 g/t Au from 32m in WRRC0136 (within 4m composite), and

  • 1m @ 5.97 g/t Au from 108m in WRRC0127

Under the terms of the acquisition, Javelin will acquire from Delta 100% of the issued capital in Warriedar Mining Pty Ltd ( Warriedar ), a wholly owned subsidiary of Delta which owns 100% of the Eureka Project, for the following total acquisition consideration payable to Delta at settlement:

  • $1,500,000 in cash (from the proceeds of the $3m capital raising);

  • $1,500,000 worth of Shares, being 500,000,000 fully paid ordinary shares in Javelin ( Shares ), at a deemed issue price of $0.003 per Share, subject to shareholder approval. These shall be subject to 12 months voluntary escrow from their date of issue; and

  • $1,000,000 worth of deferred consideration Shares at a deemed issue price equal to the 10-day volume weighted average price ( VWAP ) of Shares as traded on the ASX up to and including the day prior to the relevant vesting date, subject to shareholder approval. The deferred consideration shares will vest upon the achievement of the earlier of:

  • the recommencement of mining operations on one or more of the Tenements; or

  • Javelin increasing the JORC compliant Inferred Mineral Resource across the Tenements to >200,000oz at a 0.5% g/t cut off, provided that the relevant milestone has been satisfied within the earlier of 3 years of settlement of the acquisition and 15 December 2027.

Delta will also have the right to appoint a representative to the Board of Javelin upon settlement of the acquisition.

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ASX Announcement 25 October 2024

The Eureka acquisition will deliver Javelin its second brownfields exploration project in WA’s Eastern Goldfields. The Company already owns the Coogee Project, where it is set to commence drilling this quarter. The Coogee Project is located next to the rich St Ives Goldfield and has a JORC Resource of 126,685oz of gold and 4,133 tonnes of contained copper (ASX Announcement 26 August 2024: 158% Increase in Coogee Gold MRE) (Appendix 2).

Javelin Executive Chairman Brett Mitchell said: “Eureka is an outstanding acquisition opportunity which has become available only because Delta is focussed on a wider Lithium strategy.

The Project meets our strategy perfectly. It has an established resource with further known mineralisation which remains open at depth and along strike. And like Coogee, it has been exposed to virtually no modern exploration.

Javelin now has two compelling brownfields exploration projects on mining leases, 50km either side of Kalgoorlie with immense exploration upside, giving us huge opportunities to create value for shareholders with further exploration”.

==> picture [446 x 299] intentionally omitted <==

Figure 1 – Aerial Photo showing the open cut Eureka Gold Pit looking east

Background on the Eureka Gold Project

The Eureka Gold Project tenements are located in the Eastern Goldfields of WA, 54 km north-north-west of Kalgoorlie and is accessed via the Goldfields Highway, Figure 2.

The region is considered prospective for gold mineralisation and contains a number of historical mines and mineral occurrences. The Project is situated in a highly fertile greenstone belt with numerous gold deposits and abundant gold occurrences nearby.

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ASX Announcement 25 October 2024

The Eureka gold deposit was first discovered in the 1890s, with historical underground mining worked until 1940. Historical information sources noted that gold mineralisation is associated with shearing and quartz veining within easterly dipping oxidised fine grained mafic rocks. Recorded production from 1897 up to 1940 totalled 809 tonnes averaging 27.8 g/t Au. From 1985 to 1988, mining of the Eureka open pit included 220,000 tonnes at 4.5 g/t Au for 32,000oz by West Coast Holdings Limited. Development to test for underground mineralisation potential at Eureka was started in mid-1996. In 2018, Tyranna Resources Limited also mined 50,600 tonnes of ore grading 3.16 g/t Au producing 5,374oz of gold.

==> picture [483 x 383] intentionally omitted <==

Figure 2 – Location Map showing the Eureka Project area with nearby Gold Mines and major infrastructure

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ASX Announcement 25 October 2024

Geology and Prospectivity

Regionally, the Eureka gold deposit occurs on the eastern limb of the major south-east plunging GoongarrieMt. Pleasant Anticline. The eastern limb consists predominantly of north-north-west trending mafic and ultramafic lithologies. This zone consists of multiple shear zones occurring within intercalated felsic, mafic and ultramafic lithologies in the vicinity of the synformal axis. The Eureka gold deposit is located within the Bardoc Tectonic Zone which hosts the Paddington and Bardoc gold deposits.

Gold mineralisation at Eureka occurs as a number of lens-shaped ore shoots up to 10m wide within the shear zone. The gold is hosted in quartz veins and quartz stringers within the altered mafic host rocks. The mineralisation at Eureka is hosted within basalts and is contained with a zone of shearing and foliation with quartz veining containing quartz, carbonate and low amounts of sulphides with some visible gold has a variable thickness of up to 20 metres. Mineralisation has been exploited in a 120m deep, 300m long open pit that was developed on a number of lens-shaped shoots up to 10 metre wide within an intensely sheared zone approximately 30 metres wide. The mineralisation is sub-vertically dipping and strikes in a north south orientation with several offsets and splays forming the main structure.

==> picture [493 x 385] intentionally omitted <==

----- Start of picture text -----

Footwall Shale
Unit
Narrow Quartz
Vein Hosted
Shear Zone
Historical
Underground
Adit
----- End of picture text -----

Figure 3 - Eureka Open Pit – Recent view of Open Pit workings, looking south (Cube, June 2021)

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ASX Announcement 25 October 2024

Eureka Gold Project Mineral Resource Estimate

The existing Eureka Gold Project Mineral Resource Estimate ( MRE ) stands at 2.45Mt at 1.42 g/t Au totalling 112,000 ounces of gold . Table 1 shows the Eureka Mineral Resource Estimate as of June 2021 based on tonnes and grades (also refer to Appendix 3 – Summary of JORC Table 1 and Listing Rule 5.8.1).

Table 1 : Eureka Gold Deposit Mineral Resource Estimate by Classification as of June 2021 (at a 0.5 g/t Au cut-off)

Classification Tonnage
t		 Grade
g/t Au		 Contained Metal
(Oz Gold)
Indicated 1,269,000 1.53 62,000
Inferred 1,183,000 1.3 50,000
Total 2,452,000 1.42 112,000

Exploration Potential

Strike potential north of the pit

Some 750m of strike north of the pit remain inadequately tested, which will be the focus of the planned Eureka exploration drilling program in early 2025. The previous exploration may have been ineffective as most of the drillholes were terminated at shallow depths thus not penetrating the zone of near-surface leaching. The drill traverses were restrictive in coverage and potentially have missed the best target zones.

Significant RC drilling results immediate north of the pit include:

  • ERC39: 4m @ 135 g/t Au from 53m

  • WRRC0106: 4m @ 32.6 g/t Au from 104m, including 1m @ 116 g/t Au from 104m

  • WRRC0019: 4m @ 11 g/t Au from 42m, including 2m @ 19.2 g/t from 43m

  • WRRC0135: 3m @ 48.75 g/t Au from 129m

  • WRRC0136: 4m @ 11.2 g/t Au from 32m

The full results are set out in Appendix 1.

Strike potential south of the pit

At surface, the main host structure strikes over the western boundary of the leases some 330m south of the pit. Due to the east dip of the host structure, the 200m strike length seen at surface extends at depth beneath the tenement.

Significant RC drilling results immediate south of the pit include:

  • WRRC0001: 13m @ 2.22 g/t Au from 51m

  • WRRC0121: 6m @ 13.88 g/t Au from 38m

  • WRRC0081: 13m @ 2.13 g/t Au from 110m, 9m @ 3.15 g/t Au from 127m, including 3m @ 7.9 g/t Au from 131m

  • WRRC0082: 3m @ 8.59 g/t Au from 74m

The full results are set out in Appendix 1.

Strike potential for parallel structures extends some 4,400m south of the pit. This zone remains poorly tested with all the drilling concentrating around the Eureka Pit.

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ASX Announcement 25 October 2024

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Figure 4 – Drillhole Collars Position in relation to the open Eureka Pit

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ASX Announcement 25 October 2024

Potential at depth beneath the underground resource

The mineralised veins have been drilled over 180 vertical metres below the bottom of the current pit. Deeper drilling is suggested to test the continuation of the subvertical east dipping gold mineralised zone. The northern zone along with the bottom of the pit remain open.

==> picture [557 x 422] intentionally omitted <==

Figure 5 – Long Section showing significant gold intersection south and north of the Eureka Pit (Cube, June 2021)

Firm Commitments Received for $3m Share Placement

The Company is pleased to advise that via lead manager and bookrunner Shaw and Partners it has received firm commitments for $3m via a two-tranche placement, from institutional and sophisticated investors at $0.0025 per Share ( Placement ). The Shares under the Placement will be issued as follows:

  • Tranche 1: 900,000,000 Shares at an issue price of $0.0025 per Share, to raise up to $2,250,000 utilising available placement capacity under ASX listing rule 7.1 (482,315,382 Shares) and 7.1A (417,684,618 Shares), will be issued on or about 1 November 2024; and

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ASX Announcement 25 October 2024

  • Tranche 2: 300,000,000 Shares at an issue price of $0.0025 per Share to raise up to $750,000 will be subject to shareholder approval at the Company’s Annual General Meeting to be held in November 2024 ( AGM ).

The Placement participants will also receive a 1:2 option excercisable $0.004 expiring 2 years from the date of grant ( Option ).

Fees of 5% of the amount raised under the Placement and 100,000,000 Options are payable to Shaw and Partners on the Placement. There is no retainer or right of first refusal contained in Shaw and Partners lead manager mandate.

Pareto Capital Pty Ltd will receive a fee of $30,000 (to be settled in shares post AGM) and 50,000,000 Options for the provision of corporate advisory services associated with the transaction.

All Options related to the capital raising will be issued subject to shareholder approval at the AGM.

Key Terms of the Eureka Gold Project Acquistion

The Company has agreed to acquire 100% of the issued capital of Warriedar, and the Eureka Gold Project on the terms as set out below.

Consideration

Subject to the satisfaction of the conditions precedent, the total consideration to be payable by the Company to Delta for the acquisition is:

  • a) $1,500,000 cash;

  • b) 500,000,000 Shares, being $1,500,000 worth of Shares , at a deemed issue price of $0.003, which shall be subject to 12 months voluntary escrow from their date of issue ( Settlement Shares ); and

  • c) $1,000,000 worth of Shares at a deemed issue price equal to the 10-day VWAP up to and including the day prior to the relevant vesting date below ( Deferred Consideration Shares ), vesting upon the achievement of the earlier of:

  • (A) recommencement of mining operations on one or more of the Tenements; or

  • (B) Javelin increasing the JORC compliant Inferred Mineral Resource acrosst the Tenements to >200,000 oz at a 0.5% g/t cut off, provided that the relevant milestone has been satisfied within the earlier of 3 years from settlement of the acquisition and 15 December 2027.

In the event that the 10-day VWAP in respect of the Deferred Consideration Shares calculated in accordance with paragraph (c) above is less than $0.003 per Share at the relevant time, Javelin has agreed to (at its election):

  • (A) seek refreshed shareholder approval for the issue of up to $1,000,000 worth of Shares to Delta (or its nominee/s) at a deemed issue price equal to the 10-day VWAP up to and including the day prior to the relevant vesting date above; or

  • (B) pay the $1,000,000 in cash to Delta (or its nominee/s) into its nominated bank account.

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ASX Announcement 25 October 2024

Javelin will issue the Deferred Consideration Shares within 7 business days of achievement of the relevant milestone being achieved or if a refreshed shareholder approval is required (contemplated above), the Company will either:

  • (A) pay the $1,000,000 in cash to Delta (or its nominee/s) into its nominated bank account within 2 business days of the relevant milestone attaching to the Deferred Consideration Shares being achieved; or

  • (B) issue the Deferred Consideration Shares to Delta (or its nominee/s) within 7 business days of the refreshed shareholder approval being obtained or, should any such resolution(s) not be passed by the requisite majority of shareholders, pay the $1,000,000 in cash to Delta (or its nominee/s) within 2 business days of such shareholder meeting.

Any such refreshed shareholder approval must be sought, and the relevant shareholder meeting convened and held by the Company, as soon as practicable and within 3 months of the relevant milestone attaching to the Deferred Consideration Shares being achieved.

The Company will seek shareholder approval for the issue of the Settlement Shares and Deferred Consideration Shares at its upcoming AGM.

Conditions Precedent

The acquisition is subject to and conditional upon satisfaction of the following conditions ( Conditions Precedent

  • a) the Company completing a capital raising to raise a minimum of $2,500,000 (before costs) pursuant to a placement of Shares to sophisticated and professional investors; and

  • b) the Company obtaining any and all Shareholder approvals required to undertake the issue of both the Settlement Shares and Deferred Shares (assuming compliance with the requirements of the ASX waiver dated 9 October 2024) for the purposes of Listing Rule 7.1.

The Conditions Precedent must be satisfied on or before 5.00pm (WST) on the date that is 3 months after the date of execution of the agreement.

Board changes – Delta right to appoint a Director

Under the terms of the agreement, Delta will have the right to nominate a director of Delta to the board of Javelin, with effect from settlement of the acquisition.

This ASX announcement has been authorised for release by the Board of Javelin Minerals Limited.

-ENDS-

For further information, please contact:

Brett Mitchell Paul Armstrong Executive Chairman Investor Relations Consultant Javelin Minerals Limited Read Corporate [email protected] [email protected]

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ASX Announcement 25 October 2024

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Pedro Kastellorizos. Mr. Kastellorizos is the Non-Executive Director of Javelin Minerals Limited and is a Member of the AusIMM of whom have sufficient experience relevant to the styles of mineralisation under consideration and to the activity being reported 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. Kastellorizos has verified the data disclosed in this release and consent to the inclusion in this release of the matters based on the information in the form and context in which it appears. Mr Kastellorizos has reviewed all relevant data for the aircore drilling program and reported the results accordingly.

The information in this announcement that relates to estimation and reporting of Mineral Resource at the Eureka Project Is based on information compiled by Mr Brian Fitzpatrick. Mr Fitzpatrick is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which 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 (CP) as defined in the 2012 Edition of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Fitzpatrick is a full time employee of Cube Consulting Pty Ltd , which specialises in mineral resource estimation, evaluation and exploration. Neither Mr Fitzpatrick nor Cube Consulting Pty Ltd holds any interest in Javelin Minerals, its related parties, or in any of the mineral properties that are the subject of this announcement. Mr Fitzpatrick consented to the inclusion of the information in the original announcements of TNT Mines in which it appears and all technical statements based on his information in the form and context in which it appears.

The information in this report / ASX release that relates to Exploration Results, Exploration Targets and Mineral Resources at Coogee is based on information compiled and reviewed by Mr. Alfred Gillman, Director of independent consulting firm, Odessa Resource Pty Ltd. Mr. Gillman, a Fellow and Chartered Professional of the Australasian Institute of Mining and Metallurgy (the AusIMM) and has sufficient experience relevant to the styles of mineralisation under consideration and to the activity being reported to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Exploration Targets and Mineral Resources. Mr Gillman is a full-time employee of Odessa Resource Pty Ltd, who specialises in mineral resource estimation, evaluation, and exploration. Neither Mr Gillam nor Odessa Resource Pty Ltd holds any interest in Javelin Minerals Limited, its related parties, or in any of the mineral properties that are the subject of this announcement. Mr Gillman consents to the inclusion in this report / ASX release of the matters based on information in the form and context in which it appears. Additionally, Mr Gillman confirms that the entity is not aware of any new information or data that materially affects the information contained in the ASX releases referred to in this report.

Javelin Minerals Limited confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements and that all material assumptions and technical parameters underpinning Exploration Results, Exploration Targets and Mineral Resources included in the original ASX announcements continue to apply and have no materially changed, and the forma and context in which the relevant competent person’s findings are presented in this report have not been materially modified from the original ASX announcements.

Forward Statement

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget” “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved.” Forward-looking information is based on certain factors and assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, commodity prices, the estimation of initial and sustaining capital requirements, the estimation of labour costs, the estimation of mineral reserves and resources, assumptions with respect to currency fluctuations, the timing and amount of future exploration and development expenditures, receipt of required regulatory approvals, the availability of necessary financing for the project, permitting and such other assumptions and factors as set out herein.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in commodity prices; sources and cost of power and water for the Project; the estimation of initial capital requirements; the lack of historical operations; the estimation of labour costs; general global markets and economic conditions; risks associated with exploration of mineral deposits; the estimation of initial targeted mineral resource tonnage and grade for the project; risks associated with uninsurable risks arising during the course of exploration; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support exploration activities; risks associated with changes in the mining regulatory regime governing the Company and the Project; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalisation and liquidity risks including the risk that the financing necessary to fund continued exploration and development activities at the project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation.

Although the Company has attempted to identify important factors that cause results not to be as anticipated, estimated or intended, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward looking information is made as of the date of this announcement and the Company does not undertake to update or revise any forward-looking information this is included herein, except in accordance with applicable securities laws.

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ASX Announcement 25 October 2024

References

Hodgins, J. - Combined Annual Technical Report, Eureka Gold Project M24/189, M24/584, M24/585 and M24/586, 1 January 2017 to 31 December 2017. Combined Report C42-005. Central Iron Ore Ltd.

Revell, N - Combined Annual Technical Report, Eureka Gold Project M24/189, M24/584, M24/585 and M24/586, 1 January 2018 to 31 December 2018. Combined Report C42-005. Tyranna Resources Ltd.

Wilford J.W., Craig M.A., Tapley I. J. and Mauger A.J., 1998. Regolith-Landform Mapping and its Implications for Exploration over the Half Moon Lake region, Gawler Craton, South Australia. CRC LEME Restricted Report 92R / E&M Report 542C. 91 pp. (Unpublished).

For further information, please refer to previous ASX announcements

(ASX:DLI – Formerly ASX:RDT and ASX:TNT):

ASX Announcement 21 October 2021: Eureka North Exploration Results Including High Grade Gold

ASX Announcement 24 June 2021: TNT Mines drilling increases Eureka Resource to 112,000 oz gold

ASX Announcement 15 June 2021: Eureka Auger Programme delineates extensive Gold Anomaly

ASX Announcement 15 February 2021: Investor Presentation – Eureka and Warriedar Gold Projects

ASX Announcement 9 February 2021: Strong initial Gold Results Delivered from Eureka South

ASX Announcement 23 October 2010: TNT acquires Historical Western Australian Gold Projects

ASX Announcement 7 October 2010: Eureka North Exploration Results

(ASX: JAV)

ASX Announcement: 26 August 2024: 158% Increase in Coogee Gold MRE

This Announcement contains no new information on existing Javelin Projects.

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ASX Announcement 25 October 2024

PROFORMA CAPITAL STRUCTURE

PROFORMA CAPITAL STRUCTURE
Pre Eureka acquisition
and Placement		 Placement and Eureka
acquisition		 Post Placement and
Eureka acquisition
Shares 4,276,846,180 1,700,000,000 5,976,846,180
Unlisted Options ($0.004 exp
30/11/2026)		 154,300,007 750,000,000 754,300,007
Listed Options (JAVOA) – 31-
Dec-2028 – $0.002		 2,813,422,931 - 2,813,422,931
Listed Options (JAVO) – 31-
Dec-2024 – $0.03		 376,000,004 - 376,000,0004
Performance Rights 400,000,000 - -

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ASX Announcement 25 October 2024

APPENDIX 1 - Significant Drilling Intercept Table Cut-off grade of 0.5 g/t Gold allowing for 2m internal dilution All co-ordinates in GDA94/ MGA Zone 51

Drillhole Id From (m) To (m) Drill Interval (m) Au g/t
ERC01 90 101 11 2.445
ERC02 122 127 5 2.808
ERC02 131 132 1 8.580
ERC02 139 140 1 3.290
ERC04 30 34 4 1.158
ERC04 58 62 4 5.773
ERC05 102 104 2 6.830
ERC05 105 113 8 3.303
ERC05 114 118 4 0.810
ERC06 36 40 4 4.168
ERC06 60 72 12 7.875
ERC06 89 92 3 2.793
ERC07 59 60 1 1.850
ERC07 91 96 5 1.248
ERC08 144 146 2 1.485
ERC08 148 155 7 2.479
ERC08 164 165 1 2.750
ERC10 43 51 8 1.008
ERC10 54 59 5 1.262
ERC10 72 79 7 1.539
ERC11 56 57 1 1.190
ERC11 58 67 9 1.563
ERC11 70 79 9 1.864
ERC12 47 52 5 1.860
ERC12 57 58 1 1.140
ERC12 59 60 1 0.790
ERC15 4 15 11 3.938
ERC15 16 22 6 1.273
ERC15 27 32 5 0.632
ERC15 36 41 5 1.438
ERC16 40 44 4 1.468
ERC16 45 52 7 2.079
ERC17 78 83 5 2.402
ERC18 36 39 3 1.377
ERC18 60 71 11 5.508
ERC20 130 133 3 1.160
ERC20 135 136 1 1.900
ERC20 140 141 1 0.590
ERC21 162 167 5 0.968
ERC22 146 150 4 1.685
ERC23 20 21 1 2.230
ERC23 53 54 1 1.510
ERC24 69 70 1 1.750
ERC25 50 52 2 5.110
ERC25 59 63 4 0.840
ERC25 72 73 1 17.000
ERC26 41 46 5 1.060

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ASX Announcement 25 October 2024

Drillhole Id From (m) To (m) Drill Interval (m) Au g/t
ERC62 57 58 1 1.830
ERC62 62 63 1 0.520
ERC62 69 72 3 1.123
ERC39 23 24 1 0.970
ERC39 27 28 1 0.650
ERC39 53 57 4 134.520
ERC62 75 76 1 3.130
ERC62 86 89 3 3.463
ERC63 80 81 1 1.550
ERC64 221 224 3 3.503
ERC64 233 234 1 0.730
ERC65 74 76 2 2.455
ERC65 85 86 1 0.620
ERC66 53 55 2 1.025
ERC66 67 70 3 1.487
ERC67 63 65 2 3.335
ERC67 72 77 5 8.330
ERC68 46 49 3 1.393
ERC69 72 73 1 0.840
ERC69 90 102 12 1.585
ERC69 116 118 2 1.090
ERC70 7 13 6 2.085
ERC70 21 23 2 0.780
ERC72 10 11 1 0.630
ERC72 30 33 3 3.667
ERC72 37 38 1 0.590
ERC72 40 46 6 1.725
ERC73 32 35 3 2.103
ERC73 59 63 4 2.535
ERC74 50 58 8 2.138
ERC74 66 69 3 6.200
ERC74 85 86 1 0.920
ERC74 125 126 1 0.700
WRRC0001 51 64 13 2.225
WRRC0001 75 79 4 1.568
WRRC0002 3 6 3 0.683
WRRC0002 13 14 1 0.500
WRRC0002 51 52 1 0.660
WRRC0003 65 66 1 1.100
WRRC0003 78 79 1 1.960
WRRC0003 102 107 5 1.662
WRRC0004 75 76 1 0.910
WRRC0004 78 79 1 0.520
WRRC0005 6 7 1 0.520
WRRC0005 9 10 1 0.690
WRRC0008 148 156 8 2.510
WRRC0008 232 233 1 0.630
WRRC0008 240 241 1 0.750
WRRC0009 4 7 3 0.730
WRRC0009 9 12 3 0.867

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ASX Announcement 25 October 2024

Drillhole Id From (m) To (m) Drill Interval (m) Au g/t
WRRC0009 51 52 1 1.260
WRRC0009 69 70 1 0.750
WRRC0009 99 100 1 0.830
WRRC0010 181 182 1 2.540
WRRC0011 144 146 2 0.835
WRRC0011 152 153 1 1.020
WRRC0011 183 184 1 0.590
WRRC0011 239 244 5 0.590
WRRC0011 247 250 3 1.653
WRRC0011 257 259 2 0.585
WRRC0011 291 292 1 13.220
WRRC0013 8 16 8 1.200
WRRC0017 9 12 3 0.967
WRRC0018 24 29 5 2.880
WRRC0018 42 43 1 0.500
WRRC0018 54 55 1 1.070
WRRC0019 42 46 4 10.990
WRRC0019 74 75 1 0.840
WRRC0021 107 108 1 6.720
WRRC0022 70 71 1 1.290
WRRC0023 48 49 1 0.630
WRRC0023 84 87 3 1.967
WRRC0024 33 34 1 0.760
WRRC0024 36 37 1 0.600
WRRC0024 42 43 1 0.510
WRRC0024 109 110 1 1.350
WRRC0026 0 3 3 0.887
WRRC0027 2 8 6 0.708
WRRC0028 6 10 4 1.438
WRRC0029 2 6 4 1.008
WRRC0029 51 53 2 0.770
WRRC0030 1 8 7 0.943
WRRC0030 27 28 1 3.210
WRRC0030 47 48 1 0.750
WRRC0031 0 2 2 1.315
WRRC0032 6 8 2 0.615
WRRC0033 5 10 5 1.234
WRRC0034 10 11 1 1.560
WRRC0035 3 8 5 1.080
WRRC0036 4 9 5 1.070
WRRC0036 53 54 1 1.000
WRRC0037 4 5 1 0.980
WRRC0037 47 51 4 1.128
WRRC0037 55 56 1 3.460
WRRC0037 59 60 1 0.540
WRRC0038 93 94 1 0.610
WRRC0041 17 18 1 0.970
WRRC0041 37 38 1 0.690
WRRC0041 45 46 1 0.640
WRRC0042 41 42 1 0.710

Page 16

ASX Announcement 25 October 2024

Drillhole Id From (m) To (m) Drill Interval (m) Au g/t
WRRC0042 75 76 1 0.520
WRRC0051 0 4 4 1.190
WRRC0051 136 140 4 1.470
WRRC0051 247 252 5 2.488
WRRC0051 254 255 1 1.000
WRRC0051 271 275 4 1.633
WRRC0052 114 120 6 2.780
WRRC0053 152 156 4 1.180
WRRC0053 160 164 4 1.120
WRRC0053 201 202 1 0.990
WRRC0053 264 269 5 0.902
WRRC0053 275 276 1 2.670
WRRC0054 0 4 4 1.740
WRRC0054 81 82 1 0.510
WRRC0054 93 96 3 2.523
WRRC0054 140 141 1 2.220
WRRC0059 115 118 3 2.383
WRRC0065 45 46 1 0.540
WRRC0066 171 173 2 0.965
WRRC0066 178 181 3 2.553
WRRC0066 188 189 1 0.750
WRRC0067 264 272 8 1.039
WRRC0067 279 280 1 1.040
WRRC0070 3 4 1 1.570
WRRC0072 8 9 1 0.590
WRRC0072 45 46 1 1.200
WRRC0073 6 10 4 2.388
WRRC0074 0 2 2 0.615
WRRC0074 5 7 2 0.735
WRRC0074 8 12 4 0.573
WRRC0075 10 11 1 0.510
WRRC0075 48 49 1 0.500
WRRC0075 52 53 1 12.990
WRRC0075 54 58 4 0.823
WRRC0075 67 69 2 6.950
WRRC0075 78 79 1 0.620
WRRC0077 88 89 1 6.470
WRRC0077 103 104 1 0.670
WRRC0079 118 119 1 1.380
WRRC0079 130 132 2 2.040
WRRC0079 156 157 1 3.620
WRRC0080 112 116 4 0.750
WRRC0080 165 166 1 0.960
WRRC0080 201 203 2 6.125
WRRC0080 209 210 1 1.670
WRRC0080 217 218 1 1.190
WRRC0081 69 71 2 1.335
WRRC0081 77 79 2 0.750
WRRC0081 99 103 4 0.698
WRRC0081 110 119 9 1.821

Page 17

ASX Announcement 25 October 2024

Drillhole Id From (m) To (m) Drill Interval (m) Au g/t
WRRC0081 121 123 2 5.385
WRRC0081 127 128 1 2.790
WRRC0081 131 136 5 5.016
WRRC0082 3 5 2 0.680
WRRC0082 74 77 3 8.590
WRRC0082 120 121 1 0.590
WRRC0082 129 130 1 2.970
WRRC0082 131 136 5 1.090
WRRC0083 53 54 1 3.440
WRRC0083 125 127 2 0.665
WRRC0087 36 40 4 0.500
WRRC0090 26 27 1 14.720
WRRC0091 103 104 1 1.320
WRRC0092 112 113 1 1.240
WRRC0094 8 9 1 0.590
WRRC0094 82 86 4 1.395
WRRC0094 99 100 1 4.780
WRRC0095 48 49 1 0.930
WRRC0095 52 58 6 4.167
WRRC0097 29 30 1 0.660
WRRC0098 39 42 3 0.533
WRRC0102 43 45 2 1.880
WRRC0102 54 55 1 0.710
WRRC0102 59 62 3 0.837
WRRC0103 113 115 2 0.905
WRRC0104 151 153 2 0.765
WRRC0104 156 158 2 1.140
WRRC0106 48 52 4 1.730
WRRC0106 63 64 1 0.510
WRRC0106 104 108 4 32.083
WRRC0107 108 109 1 0.930
WRRC0108 169 172 3 1.180
WRRC0109 55 56 1 2.480
WRRC0114 5 6 1 0.580
WRRC0114 112 113 1 0.990
WRRC0115 86 88 2 2.725
WRRC0115 122 123 1 1.020
WRRC0116 66 69 3 1.250
WRRC0116 72 74 2 3.455
WRRC0117 82 83 1 0.550
WRRC0117 85 86 1 0.540
WRRC0121 32 33 1 0.860
WRRC0121 38 43 5 13.882
WRRC0121 87 88 1 0.790
WRRC0122 67 68 1 1.540
WRRC0122 73 75 2 2.680
WRRC0122 92 94 2 1.140
WRRC0122 97 102 5 1.010
WRRC0122 128 129 1 0.580
WRRC0122 133 134 1 43.100

Page 18

ASX Announcement 25 October 2024

Drillhole Id From (m) To (m) Drill Interval (m) Au g/t
WRRC0123 132 133 1 0.790
WRRC0123 141 142 1 0.740
WRRC0123 143 150 7 0.867
WRRC0124 64 65 1 0.960
WRRC0127 72 77 5 1.452
WRRC0127 80 81 1 0.920
WRRC0127 108 109 1 5.970
WRRC0129 66 68 2 0.680
WRRC0129 109 112 3 0.927
WRRC0130 98 105 7 0.659
WRRC0130 106 107 1 0.790
WRRC0130 112 114 2 0.825
WRRC0131 128 130 2 1.300
WRRC0133 102 103 1 0.730
WRRC0135 129 132 3 48.750
WRRC0136 85 86 1 0.740
WRRC0136 126 127 1 0.840
WRRC0136 162 163 1 0.570
DEK04 112.8 119.5 6.7 8.570
DEK04 120.5 128.3 7.8 1.100
DEK04 131.3 132.5 1.2 5.500
DEK04 133.5 135.1 1.6 1.730
19ERC12 33 38 5 25.620

Drilling Collar File

Hole ID Easting Northing Elevation Depth
(m)		 Collar
Dip		 Collar Azi
ERC01 332573 6643784 400.30 150 -77 270
ERC02 332600 6643773 397.20 148 -72 280.5
ERC04 332557 6643769 388.70 132 -65 264
ERC05 332596 6643746 392.50 166 -50 266
ERC06 332534 6643695 329.60 100 -87 270
ERC07 332562 6643626 344.80 97 -60 285
ERC08 332598 6643746 392.50 192 -75 266
ERC10 332553 6643604 343.30 82 -70 268
ERC11 332551 6643596 344.60 79 -73 270
ERC12 332550 6643587 346.00 70 -68 270
ERC15 332507 6643551 353.10 60 -67 255
ERC16 332523 6643547 369.25 70 -67 270
ERC17 332562 6643624 345.20 94 -55 277
ERC18 332534 6643717 330.30 80 -90 0
ERC19 332580 6643926 433.10 150 -60 271
ERC20 332592 6643875 432.98 174 -60 272
ERC21 332628 6643824 431.12 186 -60 274
ERC22 332520 6643480 429.20 174 -90 0
ERC23 332467 6643581 360.50 78 -90 0
ERC24 332457 6643621 364.40 78 -90 0
ERC25 332457 6643630 363.80 78 -90 0
ERC26 332455 6643640 365.00 78 -90 0

Page 19

ASX Announcement 25 October 2024

Hole ID Easting Northing Elevation Depth
(m)		 Collar
Dip		 Collar Azi
ERC27 332556 6643596 343.20 120 -90 0
ERC28 332539 6643568 344.10 120 -90 0
ERC29 332572 6643495 428.20 174 -65 273.5
ERC30 332570 6643495 428.40 151 -50 273.5
ERC31 332564 6643484 428.50 162 -50 267.5
ERC32 332563 6643484 428.60 168 -65 267.5
ERC33 332555 6643475 428.70 150 -50 270
ERC34 332556 6643475 428.70 156 -65 270
ERC35 332526 6643558 351.50 102 -90 0
ERC36 332571 6643788 400.40 156 -60 271
ERC37 332553 6643801 403.00 103 -75 293
ERC38 332506 6643922 433.63 115 -60 269
ERC39 332385 6644449 429.91 97 -60 270
ERC39a 332406 6644448 429.62 76 -60 270
ERC40 332425 6644447 430.09 109 -60 270
ERC41 332360 6644360 429.16 78 -60 270
ERC42 332380 6644359 429.71 101 -60 270
ERC43 332401 6644359 429.69 139 -60 270
ERC44 332443 6643983 430.20 115 -60 235
ERC45 332421 6644002 429.61 79 -60 235
ERC46 332375 6644450 429.57 54 -60 270
ERC47 332394 6644449 429.83 66 -60 270
ERC48 332386 6644439 429.41 60 -60 270
ERC49 332384 6644459 430.58 60 -60 270
ERC50 332346 6644358 429.22 90 -60 270
ERC51 332376 6644479 429.96 90 -60 270
ERC52 332374 6644529 430.44 52 -60 270
ERC53 332330 6644451 428.89 114 -60 90
ERC54 332385 6644444 429.52 66 -60 270
ERC55 332380 6644450 430.46 66 -60 270
ERC56 332390 6644449 429.64 66 -60 270
ERC57 332385 6644455 430.45 66 -60 270
ERC58 332392 6644528 430.09 65 -60 270
ERC59 332412 6644528 431.09 83 -60 270
ERC60 332376 6644631 431.49 51 -60 270
ERC61 332535 6643695 327.00 96 -75 233
ERC62 332541 6643683 329.60 102 -75 230
ERC63 332540 6643684 329.20 93 -72 212
ERC65 332602 6643561 400.00 140 -60 270
ERC66 332569 6643786 400.00 130 -60 270
ERC67 332566 6643787 400.00 130 -50 286
ERC68 332569 6643786 400.00 130 -50 250
ERC69 332569 6643786 401.00 130 -50 292
ERC70 332569 6643779 384.00 40 -70 270
ERC71 332529 6643778 385.00 50 -60 275
ERC72 332539 6643777 386.00 80 -60 275
ERC73 332553 6643769 388.00 100 -60 275
ERC74 332552 6643769 388.00 130 -65 270
ERC75 332570 6643788 400.00 55 -75 251

Page 20

ASX Announcement 25 October 2024

Hole ID Easting Northing Elevation Depth
(m)		 Collar
Dip		 Collar Azi
ERC76 332344 6644340 429.58 100 -60 270
ERC77 332360 6644340 429.27 100 -60 270
ERC78 332380 6644337 429.85 100 -60 270
ERC79 332403 6644341 430.14 100 -60 270
WRRC0001 332521 6643448 429.45 151 -60 277
WRRC0002 332478 6643455 428.51 100 -55 273
WRRC0003 332530 6643452 429.91 160 -75 275
WRRC0004 332461 6643430 428.22 100 -55 275
WRRC0005 332496 6643428 429.28 120 -55 276
WRRC0006 332442 6643398 425.45 80 -55 272
WRRC0007 332480 6643399 428.48 100 -55 272
WRRC0008 332700 6643806 426.43 340 -63 257
WRRC0009 332531 6643884 430.58 120 -60 273
WRRC0010 332657 6643859 427.86 230 -61 271
WRRC0011 332684 6643695 429.32 330 -56 250
WRRC0013 332554 6643348 444.29 272 -60 272
WRRC0014 332867 6642690 421.39 200 -57 274
WRRC0015 332848 6642604 419.31 200 -57 272
WRRC0017 332376 6644448 426.09 75 -60 268
WRRC0018 332391 6644470 426.48 90 -57 273
WRRC0019 332412 6644473 426.65 120 -57 272
WRRC0021 332337 6644400 425.20 120 -57 272
WRRC0022 332373 6644399 425.44 120 -57 266
WRRC0023 332399 6644399 425.94 150 -57 269
WRRC0024 332400 6644436 426.16 141 -51 275
WRRC0025 332411 6643849 431.78 30 -60 270
WRRC0026 332431 6643844 435.06 55 -60 270
WRRC0026 332431 6643844 435.06 55 -60 270
WRRC0027 332454 6643850 434.44 65 -60 270
WRRC0028 332477 6643851 433.32 80 -60 270
WRRC0029 332495 6643847 432.28 90 -60 270
WRRC0030 332518 6643846 431.23 90 -60 245
WRRC0031 332427 6643862 434.10 30 -60 272
WRRC0031 332427 6643862 434.10 30 -60 272
WRRC0032 332444 6643861 435.14 55 -60 270
WRRC0033 332466 6643860 434.18 65 -60 270
WRRC0034 332487 6643859 433.09 90 -60 270
WRRC0035 332509 6643861 431.96 100 -60 273
WRRC0036 332530 6643859 430.82 110 -60 270
WRRC0037 332550 6643857 429.94 120 -61 271
WRRC0038 332600 6643853 429.17 160 -61 273
WRRC0039 332341 6644329 425.95 80 -57 270
WRRC0040 332368 6644328 426.14 100 -57 273
WRRC0041 332341 6644378 425.13 90 -60 270
WRRC0042 332374 6644375 425.61 120 -60 273
WRRC0043 332266 6644550 425.61 100 -57 273
WRRC0044 332317 6644550 426.23 100 -60 270
WRRC0045 332341 6644520 426.34 100 -57 270

Page 21

ASX Announcement 25 October 2024

Hole ID Easting Northing Elevation Depth
(m)		 Collar
Dip		 Collar Azi
WRRC0046 332395 6644501 426.87 100 -60 270
WRRC0047 332446 6644508 427.58 150 -57 270
WRRC0048 332486 6643923 431.25 75 -55 270
WRRC0049 332444 6643984 427.03 80 -60 270
WRRC0051 332673 6643739 429.26 295 -67 274
WRRC0051 332673 6643739 429.26 295 -67 274
WRRC0052 332599 6643953 429.88 200 -61 269
WRRC0053 332685 6643695 429.31 330 -66 251
WRRC0054 332552 6643476 428.02 200 -60 290
WRRC0055 332528 6644499 428.30 150 -60 210
WRRC0056 332518 6644418 427.21 150 -60 210
WRRC0057 332278 6644531 425.53 150 -60 200
WRRC0058 332283 6644588 426.11 150 -60 200
WRRC0059 332647 6644120 431.08 130 -60 268
WRRC0061 332993 6642500 417.57 150 -60 270
WRRC0062 333244 6642543 417.25 178 -60 270
WRRC0064 332551 6644302 429.64 250 -61 270
WRRC0065 332426 6644135 427.89 150 -57 267
WRRC0066 332620 6643431 445.49 214 -57 270
WRRC0067 332682 6643485 446.41 290 -62 289
WRRC0070 332437 6643875 434.44 30 -60 269
WRRC0071 332454 6643877 434.59 30 -60 270
WRRC0072 332469 6643876 433.76 80 -60 271
WRRC0073 332494 6643872 432.60 80 -60 270
WRRC0074 332507 6643872 431.94 90 -60 270
WRRC0075 332550 6643878 430.02 110 -60 273
WRRC0077 332350 6644265 427.06 150 -55 272
WRRC0078 332419 6644265 429.29 150 -55 270
WRRC0079 332637 6643803 427.95 192 -55 279
WRRC0080 332660 6643804 427.20 250 -68 275
WRRC0081 332520 6643476 429.35 190 -60 329
WRRC0082 332550 6643475 428.27 170 -52 285
WRRC0083 332559 6643576 350.97 140 -55 200
WRRC0085 332481 6643226 422.89 154 -55 270
WRRC0086 332672 6643002 421.53 200 -55 270
WRRC0087 332361 6644638 427.68 46 -55 271
WRRC0088 332469 6643891 433.52 75 -60 266
WRRC0089 332507 6643894 431.36 85 -60 269
WRRC0090 332515 6643926 429.94 80 -60 269
WRRC0091 332573 6643930 429.63 120 -60 270
WRRC0092 332555 6643399 439.85 180 -60 274
WRRC0093 332518 6643396 435.59 140 -61 273
WRRC0094 332551 6643429 436.69 170 -59 266
WRRC0095 332427 6644481 427.02 100 -61 272
WRRC0096 332416 6644573 428.18 100 -56 270
WRRC0097 332423 6644527 427.59 100 -55 273
WRRC0098 332428 6644501 427.28 100 -61 267
WRRC0099 332507 6643960 427.94 78 -61 276

Page 22

ASX Announcement 25 October 2024

Hole ID Easting Northing Elevation Depth
(m)		 Collar
Dip		 Collar Azi
WRRC0100 332556 6643951 428.32 120 -59 271
WRRC0101 332508 6643999 427.20 60 -59 273
WRRC0102 332556 6644000 428.51 102 -61 271
WRRC0103 332607 6644000 430.47 150 -62 270
WRRC0104 332655 6644000 430.28 192 -60 270
WRRC0105 332530 6644056 427.41 60 -60 270
WRRC0106 332576 6644058 428.69 120 -58 271
WRRC0107 332624 6644058 430.43 150 -60 275
WRRC0108 332675 6644060 430.99 180 -60 275
WRRC0109 332596 6644126 429.91 108 -60 275
WRRC0110 332596 6644194 432.69 102 -60 272
WRRC0111 332655 6644197 432.42 150 -60 273
WRRC0112 332325 6644422 425.22 120 -55 273
WRRC0113 332362 6644421 425.66 120 -55 271
WRRC0114 332401 6644421 425.83 150 -55 272
WRRC0115 332466 6644479 427.34 150 -53 272
WRRC0116 332467 6644501 427.73 156 -55 271
WRRC0117 332482 6644529 428.40 115 -54 271
WRRC0118 332524 6644593 430.51 120 -54 272
WRRC0119 332474 6644557 428.86 150 -53 270
WRRC0120 332455 6644430 426.68 150 -56 272
WRRC0121 332512 6643469 429.01 120 -54 272
WRRC0122 332548 6643471 428.27 150 -60 270
WRRC0123 332554 6643471 428.08 174 -75 271
WRRC0124 332164 6644624 424.51 102 -55 270
WRRC0125 332075 6644471 423.22 60 -55 271
WRRC0126 332115 6644471 423.60 60 -56 268
WRRC0127 332584 6644028 429.35 148 52 268
WRRC0128 332620 6644058 430.22 190 -56 271
WRRC0129 332587 6644079 429.07 130 -56 274
WRRC0130 332485 6644487 427.79 160 -55 270
WRRC0131 332527 6644501 428.33 196 -51 271
WRRC0132 332517 6644529 428.84 178 -54 272
WRRC0133 332500 6644558 429.43 148 -56 272
WRRC0134 332442 6644466 426.94 118 -55 270
WRRC0135 332473 6644441 426.92 148 -57 268
WRRC0136 332500 6644464 427.58 178 -57 268
DEK04 332577 6643607 425.50 136 -60 270
19ERC12 332528 6643651 333.86 38 -60 270

Page 23

ASX Announcement 25 October 2024

JORC CODE, 2012 EDITION – TABLE 1 REPORT – APPLICABLE TO EUREKA

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised
industry
standard
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.
Aspects of the determination of
mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’
work has been done this would be
relatively
simple
(e.g.,
‘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
(e.g., submarine nodules) may warrant
disclosure of detailed information.		 Historic drilling by various companies included reverse
circulation (RC) drill samples which were collected and split
in even metre intervals when sample was dry. Wet samples
were speared or on occasion scoop sampled. RC drill chips
from each metre were examined visually and logged by the
geologist.
Duplicate samples were collected at 1 m
intervals by scoop sampling reject bags.
Based on the historical drilling reviewed from Javelin
through WAMEX files, drilling commenced from 1982,
which included Vacuum, Augur, open hole percussion/
RAB, RC and diamond core drilling (mostly NQ, also PQ and
HQ). Sampling methods included chip samples collected
and split in even 1 metre or 4 metre composite intervals for
dry samples. Wet samples were speared or on occasion
scoop sampled. Diamond core was half core sampled at
selected intervals where the geologist recorded
Samples are collected from rig mounted cyclone cone
splitter at 1m intervals. Duplicate samples are collected
from reject bags every 10m (by spear sampling). Calico
samples are weighed to ensure minimum size of 2.5kg are
collected.
Current QAQC protocols include the analysis of field
duplicates and the insertion of appropriate commercial
standards (I, e., certified reference material (CRM).
Sample protocols where they are described from historical
reports sourced from WAMEX followed by historic
operators are in line with industry standards at the time.
RC drilling was used to obtain 1 m samples from which a 1
m samples (mineralisation zones) or 2m and 4m composite
samples (waste zones) of approximately 2.5 to 5kg was
also collected.
Drilling techniques Drill type (e.g., core, reverse
circulation, open-hole hammer, rotary
air blast, auger, Bangka, sonic, etc)
and details (e.g., 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).		 For the 2020-2021 drilling the RC rig specs are as follows:
Schramm T450 RC rig - 5 ½ inch diameter face sampling
hammer
LC36 KWL700 RC rig (for deep holes) – 5 inch face sampling
hammer
X350 RC rig - 4 ½ inch diameter face sampling hammer;
drilling since May 2021)
Historically, the project has been drilled using rotary air blast
(RAB), percussion (Perc), reverse circulation (RC) and
diamond core drilling (DD) over numerous campaigns by
several companies.
The majority of holes are on a grid either infilling within or
surrounding historical pit and underground (UG) workings or
extending along strike into geochemical or geophysical
(areo-mag) anomalies. The recent programs drilled in 2020
and 2021 have all been RC drilling. The majority of drill holes
have a dipof -55 or - 60° and azimuths mostlydrilled to

Page 24

ASX Announcement 25 October 2024

Criteria JORC Code explanation Commentary
270° MGA grid.
Drill sample recovery Method of recording and assessing
core 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.		 RC sample recovery is visually assessed and recorded in
drill logs. RC drilling programs showed good recoveries.
From WAMEX records, descriptions noted that the majority
of DD drilling had good recoveries >90%, although several
holes recorded recoveries of ~50% or lower within highly
fractured quartz vein intervals, and also where there was
intersection of historical UG workings.
RC samples were visually checked for recovery, moisture,
and contamination. A cyclone and splitter were used to
provide a uniform sample and these were routinely
cleaned. Wet samples and logged barren zone, 4 m
composites were
speared to obtain the most representative sample
possible.
Sample recoveries are mostly high with only a very small
number of wet samples recorded by geologists. No
significant sample loss has been recorded with a
corresponding increase in Au present. No sample bias
is anticipated, and no preferential loss/gain of grade
material has been noted
Logging Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
appropriate
Mineral
Resource
estimation,
mining
studies
and
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.		 RC chips are geologically logged at 1 metre intervals. RC
chip trays have been stored for future reference.
Detailed logging exists for more recent drilled prior to WRD
holes (18EKDD, and 19ERC prefix holes, but most of the
historical RC and DD holes drilled do not have the logging
digitally recorded in WRD database files provided,
although the WAMEX files do contain PDF copies of RC and
DD geology logs
WRD RC chip logging included the recording of colour,
lithology, regolith, oxidation state, colour, alteration,
mineralisation, and veining/quartz content. The entire
length of each hole was logged.
Previous RC and DD drilling completed by previous owners
contained similar detailed geological descriptions in PDF
logs.
Remaining core was examined from the 18EKDD drilling
program at the Eureka project field office. The core
remaining is in good condition but has been poorly labelled,
with
intervals
and
hole
identification
often
indistinguishable as no aluminium tags or more permanent
markers were used on core blocks or to label the core trays.
Percentage of drilling logged that was used in the 2021
MRE are record as follows:
•
2020-21 RC drilling – WRRC holes = 96%
logged, abandoned holes not logged
records in WRD DB
•
19ERC prefix – RC drilling 93% logged
records in WRD DB
•
18EKDD – RC/DD drilling88% logged
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ASX Announcement 25 October 2024

Criteria JORC Code explanation Commentary
records in WRD DB
•
ERC holes – RC drilling – 4% logged records
in WRD DB
•
DEK, WEK – RC/DD drilling – 8% logged
records in WRD DB
Sub-sampling techniques
and sample preparation		 If core, whether cut or sawn and
whether quarter, half or all core taken.
If non-core, whether riffled, tube
sampled, rotary split, etc and whether
sampled wet or dry.
For all sample types, the nature,
quality and appropriateness of the
sample preparation technique.
Quality control procedures adopted
for
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.		 Previous companies have conducted diamond drilling;
WAMEX records have noted that ½ core sampling was
mostly conducted, generally in highly selective intervals
based
RC chips were collected from rig mounted cyclone cone
splitter as 1m samples. 2 and 4m composites using a sample
scoop were taken from the 1m RC plastic sample bags.
Samples were generally dry. 1m RC samples are also
speared.
At the commercial laboratory, RC samples are dried at
minimum 60° C. If the sample weight is greater than 3 kg,
the sample is riffle split. It is then pulverised to a grind size
where 85% of the sample passes 75 micron.
Field QAQC procedures included the insertion of CRMs and
field duplicates for RC drilling after every 10 samples.
CRMs represented approximately 5% of total samples.
Field duplicates were collected during the RC drilling
programs in 2020-21.
Duplicate samples are submitted at a rate of one duplicate
submitted for every 10 samples. Duplicates samples
represent approximately 5% of total samples.
Based on statistical analysis of the field duplicate results,
there is no evidence to suggest the samples are not
representative.
A sample size of between 2.5 and 5 kg was collected. This
size is considered appropriate, and representative of the
material being sampled given the width and continuity of
the intersections, and the grain size of the material being
collected.
Quality of assay data and
laboratory tests		 The
nature,
quality
and
appropriateness of the assaying and
laboratory
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
analysis including instrument make
and model, reading times, calibrations
factors applied and their derivation,
etc.
Nature of quality control procedures
adopted
(e.g.,
standards,
blanks,
duplicates,
external
laboratory
checks)
and
whether
acceptable
levels of accuracy (i.e.,lack of bias)		 Both single 1 metre samples and 2 m or 4 m composite
samples have been analysed using a 30g fire assay
technique with an AAS finish.
No geophysical tools etc. have been used at Eureka.
Field QAQC procedures include the insertion of both field
duplicates and CRMs. No blanks were inserted by TIN.
Assay results to date have been satisfactory and
demonstrate an acceptable level of accuracy and
precision. Laboratory QAQC involves the use of internal
certified
reference
standards,
blanks,
splits,
and
replicates. Analysis of these results to date show an
acceptable level of precision and accuracy.

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ASX Announcement 25 October 2024

Criteria JORC Code explanation Commentary
and precision have been established.
Verification of sampling and
assaying		 The
verification
of
significant
intersections by either independent or
alternative company personnel.
The use of twinned holes.
Documentation of primary data, data
entry procedures, data verification,
data storage (physical and electronic)
protocols.
Discuss any adjustment to assay data.		 All significant intersections were assessed by Javelin
Minerals through current access and historical databases.
Version 2024 Micoomine has been used to delineate gold
grades above 0.5 g/t Au level from the Javelin geologist as
part of the over verification of assay results comparing to
the
historically
significant
intersections
previously
reported.
No specific twinned holes have been drilled to date.
Recent drilling from 2018 to the current programs have
some infill holes in close proximity to historical drilling, and
mostly confirm the presence of Au mineralisation, and also
intersect significant mineralisation where historical hole
intervals that were not sampled.
Field data and logging is collected and entered using
Toughbook field computers.
The data is sent via a
SharePoint site, to a contract database administrator for
validation and compilation into an MS Access database.
No adjustments have been made to assay data apart from
values below the detection limit which are assigned a value
of negative the detection limit for the 2021 MRE work.
Location of data points Accuracy and quality of surveys used
to locate drill holes (collar and down-
hole
surveys),
trenches,
mine
workings and other locations used in
Mineral Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic
control.		 All recently drilled hole collars have been surveyed by hand-
held GPS (Garmin 64 GPS) to an accuracy of about 3m. The
drill holes are then picked up using a DGPS by Cardno
Spectrum Survey, Kalgoorlie at the completion of each drill
program.
Downhole
surveying
is
conducted
by
the
drilling
contractor, using EZ-Shot single shot downhole camera at
30 m intervals at the completion of each hole
The grid system is MGA_GDA94 Zone 51. Topographic
datum is AHD71(Australian Height Datum 1971).
The topographic surfaces include a very high resolution
DTM surface (LiDAR survey) was initially used for hole collar
location verification.
Part of the project area that was not covered by the DTM
surfaces was validated or edited using the collar
coordinates based on DGPS surveys.
Data spacing and distribution Data
spacing
for
reporting
of
Exploration Results. Whether the data
spacing and distribution is sufficient to
establish the 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.		 Historical exploration and drilling at Eureka targeted
discrete areas based on surface geochemical and
geophysical anomalies, historical workings that identified
the location of host mineralisation. Consequently, current
drilling is not grid based, but across the historical open pit
and UG workings the drill spacing is nominally 10m N x 10m
E.
Extensions to the north and south have been nominally
drilled at 20m N x 20m/10m spaced drilling.
The mineralised domains have sufficient continuity in both
geology and grade to be considered appropriate for the
Mineral Resource and Ore Reserve estimationprocedures
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ASX Announcement 25 October 2024

Criteria JORC Code explanation Commentary
and classification applied under the 2012 JORC Code
4m composite samples were collected from RC drill holes
within the logged barren intervals
Orientation of data in
relation to geological
structure		 Whether the orientation of sampling
achieves
unbiased
sampling
of
possible structures and the extent to
which this is 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.		 Drill hole collars are set-out on the MGA grid and drill lines
were generally at E- W direction Drilling sections are
orientated perpendicular to the strike of the overall shear
orientation and mineralised host rocks.
Several shallow dipping vein structures are noted in the
southern pit wall, but overall, the mineralised vein structures
appear parallel to sub-parallel with the shear orientation
from north to south.
The drilling is angled at either -55° or -60°which is close to
perpendicular to the dip of the shear trend and host units.
No orientation-based sampling bias has been identified in the
data at this point.
Sample security The measures taken to ensure sample
security.		 All samples are selected, cut, and bagged in tied numbered
calico bags, grouped in larger tied plastic bags, and placed
in large sample cages with a sample submission sheet to
the assaylaboratoryin Kalgoorlie.
Audits or reviews The results of any audits or reviews of
sampling techniques and data.		 Data is validated by the contract database administrator
whilst loading into the Javelin MS Access database.
Pre Javelin data audits found to be satisfactory in regard to
QAQC though in line with industrystandards of the time.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section)

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.		 The Project acquisition comprises 4 mining licences M24/0584, M24/0585,
M24/0586 and M24/0189 and 3 prospecting licence P24/5116, P24/5549 and
P24/5548.
The tenements are in good standing and no known impediments exist.
Exploration done
by other parties		 Acknowledgment
and
appraisal of exploration by
other parties.		 Discovery and initial UG workings commenced 1897. UG mining up to 1941
produced 797 oz Au from 809 tonnes at 27g/t Au. More recently, the tenement
area has been previously explored by numerous companies including:
•
CSR(1982-83)– included 4.4km of RC drilling
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ASX Announcement 25 October 2024

Criteria JORC Code explanation Commentary
•
West Coast Holdings (WCH) (1984-87) – Surface geochemistry
(including Augur drilling), aero-mag surveys, vacuum drilling, Percussion,
DC and DD drilling; surface mapping and gridding; evaluation and
mining of oxide resources Open Pit) and evaluation of UG resources –
open pit mining produced 45,865 tonnes at 4.64g/t Au, for 6,842 oz Au
(WCH, 1986).
•
Glengarry Mining NL (1994) – Aeromag Interpretation, RAB Drilling
•
Jasper Mining NL (+ JV partners) (1996-2004) – UG mine refurbishment
& trial mining from November 1998 to June 1999 – approx. 400t @ 6g/t
Au from 80m Level (JMM, 2000); Project management plan (1998-99)
•
Sherlock Bay Nickel Corp (SBNC) (2004-2006) – Ground Mag survey;
gridding; surface mapping; RC drilling (ERC)
•
International Gold P/L (2007-2010) – Mag-radiometric survey, Augur
drilling; UG design study (41,000 t @ 10.1 g/t, 13.3k Oz Au)
•
Central Iron Ore Ltd (2011-14) – Resource evaluation (451,000y @ 4.4g/t,
64,200 oz Au);Geophysical data review.
Geology Deposit
type,
geological
setting,
and
style
of
mineralisation.		 The Eureka gold deposit occurs on the eastern limb of the major south-east
plunging
Goongarrie-Mt. Pleasant Anticline. The eastern limb consists
predominantly of north-north-west trending mafic and ultramafic lithologies, with
minor thin mainly interflow sediments, bounded to the west by pre-to syntectonic
granitoid forming the core of the regional anticline.
To the east, the Bardoc-Broad Arrow Synform occurring between the major
Goongarrie- Mt. Pleasant and Scotia-Kanowma Anticlines is subject to significant
disruption by the broad Bardoc Tectonic Zone.
This zone consists of multiple shear zones occurring within intercalated felsic,
mafic and ultramafic lithologies in the vicinity of the synformal axis. The Bardoc
Tectonic Zone is host to the Paddington and Bardoc gold deposits.
Local Geology and Mineralisation
The Eureka deposit is located within a sequence of mafic and ultramafic rocks
forming part of the Kalgoorlie – Menzies greenstone belt. The layered sequence
is approximatley 6 km wide with a northerly trend. The sequence is intruded by
east-west trending Proterozoic mafic dykes and is bunded to the east and west
by complex granitic plutons.
In the vicinity of the Eureka Mine the sequence has a generally easterly dip of 65°
to 70°, parallel by the regional foliation. Regional metamorphism of the sequence is
lower greenschist facies.
Two distinct shale units are present, the western or footwall unit being the Copper
Mine Shale which marks the top of the sill and the hanging wall unit, an interflow
unit amongst the basalt.
Weathering profile is extensive with the deepest weathering along the main shear
zones and contacts causing a weathering trough of highly oxidised rock that
extends down the main shear to the bottom of the pit exposures. Both the north
end and south end exposures of the pit show massive and blocky clay altered
rock masses bounded by narrow, highly sheared zones, commonly containing
limonitic quartz veining. The quartz vein hosted shears run parallel or sub-parallel
to the main N-S shear trend, and less commonly cross cutting, shallow dipping
quartz veins.
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ASX Announcement 25 October 2024

Criteria JORC Code explanation Commentary
High grade gold mineralisation at Eureka is associated with veining within the
altered lower mafics. The vein system typically consists of quartz, carbonate and
sulphide and has a variable thickness of up to 20m. The mineralisation exploited in
the open pit consists of a number of lens shaped shoots up to 10m wide within an
intenselysheared zone some 30m wide.
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 –
o 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.		 All relevant drill hole details were presented in ASX release in Appendix 1
Data aggregation
methods		 In
reporting
Exploration
Results,
weighting
averaging
techniques,
maximum and/or minimum
grade
truncations
(e.g.,
cutting of high grades) and
cut-off grades are 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		 All reported assays have been length weighted if appropriate. No top cuts have
been applied.
A nominal 0.5g/t Au lower cut off has been applied, with only intersections >0.5g/t
considered significant.
High grade Au intervals lying within broader zones of Au mineralisation are
reported as included intervals. In calculating the zones of mineralisation, a
maximum of 2 metres of internal dilution is allowed.
Metal equivalent values have not been used. Only gold grade is reported.

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ASX Announcement 25 October 2024

Criteria JORC Code explanation Commentary
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
between
mineralisation
widths and
intercept lengths		 These
relationships
are
particularly important in the
reporting
of
Exploration
Results.
If the geometry of the
mineralisation with respect
to the drill hole angle is
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
(e.g., ‘down hole length, true
width not known’).		 The mineralised zones vary in strike between the Main and North prospects. Gold
mineralisation is steeply dipping in the Main zone but more shallow drilling in the
North prospect.
Drill hole orientation reflects the change in strike of the rocks.
Reported down hole intersections are believed to approximate true width.
Diagrams Appropriate
maps
and
sections (with 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.		 All relevant drill hole details were presented in ASX release.
Balanced
reporting		 Where
comprehensive
reporting of all Exploration
Results is not practicable,
representative reporting of
both low and high grades
and/or widths should be
practiced
to
avoid
misleading
reporting
of
Exploration Results.		 All significant results above the stated reporting criteria have previously been
reported, not just the higher-grade intercepts.
Other
substantive
exploration data		 Other exploration data, if
meaningful
and
material,
should be reported including
(but
not
limited
to):
geological
observations;
geophysical survey results;
geochemical surveyresults;		 Groundwater, and geotechnical studies have not commenced as part of the
assessment of the project.
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ASX Announcement 25 October 2024

Criteria JORC Code explanation Commentary
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 work (eg
tests for lateral extensions
or depth extensions or large-
scale step-out drilling).
Diagrams clearly highlighting
the
areas
of
possible
extensions,
including
the
main
geological
interpretations and future
drilling areas, provided this
information
is
not
commercially sensitive.		 Planned further work includes additional drilling to test extensions at depth and
to the south of the higher-grade zone south of the as-mined pit, and drill testing
of the supergene mineralisation in the northern part of the deposit.
The Eureka project will continue to be drilled to extend the known Au
mineralisation and delineate further Au mineralisation and potential resources at
other nearby prospects.
All relevant drill hole details were presented in this ASX release.

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)

Criteria JORC Codeexplanation Commentary
Database integrity
Measures taken to ensure
that data has not been
corrupted by, for example,
transcription or keying errors,
between its initial collection
and its use for Mineral
Resource estimation purposes.
Data validation procedures
used.		 The drilling database for the Eureka deposit is maintained by a contract
database administrator from Delta Lithium. The below data was given to
Javelin as part of the total data review.
The Eureka drilling data was supplied to Cube in two MS Access files formats
for the purposes of the 2021 MRE: They include the below access database.
EUREKA_HIST_DB_Extract_Z51_20210323.accdb = (old holes)
EUREKA_WAR_DB_Extract_Z51_20210430.accdb = (TIN holes, 2020- 21)
Cube compiled the data for importing into a standard resource database in
MS Access for use in the May 2021 Mineral Resource estimate.
This database has been relied upon as the source of data for the 2021 MRE
work.
Cube carried out a database validation review of the supplied drilling data,
supplied digital terrain models (DTM) prior to undertaking the resource
estimation update.
There were no old survey plans in digital format and no survey 3DM
wireframes of the historical UG workings from 1897-1940, or the recent UG
trial mining in 1998.
Validation checks completed prior to MRE work for the MRE included the
following:

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ASX Announcement 25 October 2024

Collar duplications, hole collar checks with natural surface topography
Downhole survey deviation checks in 3D software, survey quality ranking
Maximum hole depths check between sample/logging tables and the collar
records
Checking for sample and logging overlaps; Reporting of missing assay
intervals
A validated assay field was included into the Assay table (to convert any
intercepts that have negative values or blanks in the primary Au field (Au
ppm).
Javelin Resources Ltd conducted independent data research on WAMEX to
source historical reports and information on previous drilling programs
conducted at Eureka prior to 2020.
Current database records was reviewed by Javelin for the drilling, sampling,
and assayingconducted within the deposit area.
Site visits Comment on any site
visits undertaken by the
Competent Person and the
outcome of those visits.
If no site visits have been
undertaken indicate why this is
the case.		 Brian Fitzpatrick (Principal Geologist at Cube conducted a site visit on 9 June
2021.
Inspection and reconnaissance mapping of the open pit workings
Locate and GPS survey pickup of the approximate location of 26 WRRC holes
Inspect available core from the 18EKDD program at the site field office
facilities
Review sample despatch and sample security facilities and procedures at the
site field office.
Review hard copies of CRMs, lab forms and logging documentation
Discussions with geology and field staff regarding drilling and sampling
protocols, QAQC procedures, drilling methods and equipment used,
surveying, logging.
The site visit noted that no bulk density (BD) sampling has been conducted and
recommends that BD sampling take place in the near future. No previous BD
information was source from historical documentation.
The CP concluded from the site visit that apart from lack of BD sampling,
other processes were deemed appropriate for the type of deposit and are
carried out in accordance with standard industry practice.
Geological
interpretation		 Confidence in (or
conversely, the uncertainty of)
the geological interpretation of
the mineral deposit.
Nature of the data used and of
any assumptions made.
The effect, if any, of alternative
interpretations on Mineral
Resource estimation.
The use of geology in guiding
and controlling Mineral
Resource estimation.
The factors affecting continuity
both of grade and geology.		 The confidence in the geological interpretation of the mineral deposit is good
as a result of the close, optimally spaced RC drilling confirming the location and
tenor of mineralisation previously intersected by historical RC and DD drilling.
In addition, previous mining activities such as the historical UG workings and
open pit mining in 1985-86 indicate the presence of economic gold
mineralisation based on the historical production figures:
•
UG Mining - 1897 to 1940: 809 tonnes at 27g/t Au, produced 797oz
Au (Ransted, 1985)
•
Open Pit Production – 1985 to 1986: 45,865 tonnes at 4.64g/t Au, for
6,842 oz Au (WCH, 1986).
The historical underground Eureka Gold Mine consists of several parallel gold
lodes in a Main zone mineralisation modelled for the 2021 MRE. The gold is
associated with quartz veins inside a north south trending, steeply east
dipping shear zone.
Within the northern zone the gold lodes appear to be parallel to the more
shallow, east dipping shear planes. Grades are highly inconsistent within two
main mineralised envelopes and appear to be offset by a NE-SW trend fault
structure.
A significant and highly visible footwall maker unit – a thin graphitic shale
horizon follows the N-S shear trend continuouslywithin the Main zone

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ASX Announcement 25 October 2024

mineralisation and is also highly visible I the current open pit workings. The mineralisation and is also highly visible I the current open pit workings. The
footwall shale has been readily logged in most drill holes intersecting through
the Main zone workings. A similar hanging wall shale is also visible in the NE
corner of the pit but is more inconsistent and clearly pinches out in the pit
outcrops.
In summary, mineralisation continuity in the Main zone mineralisation
consisting of 2 main zones in close proximity, following the trend of the main
shear. Along the hanging wall and in the North zone, mineralisation is more
inconsistent, although many old holes have selective sampling.
Several significant gold intersections footwall to the FW graphitic shale were
modelled into a single Au domain and may indicate further mineralisation along
the footwall sequence yet to be uncovered.
• Data is sourced from the recent and historical drill logging and RC chip
logging/ DD core logging, and surface mapping interpretations from
previous work.
• Interpreted projections for structures and local mineralisation trends
were made between drill sections and extending along strike and down
dip based on a drill spacing down to 10 m x 10 m.
• The logging and mining information has been used to inform the
mineralisation domains used for the estimation.
• Weathering surfaces were interpreted for oxide, transitional and
primary weathering boundaries from available logging data. This data
allowed the density values for the mineral resource estimate to
be sub-divided by weathering domains
• Previous mineralisation interpretations used for an UG study in 2008,
and further studies for pit and UG development in 2011 were reviewed
by Javelin from reports sourced from WAMEX.
• The 2008 UG study defined three ‘ore shoots’ based on DD drilling at a
cut-off grade (COG) of 4.0g/t. The shoots were defined over an area of
350m north to south strike, 170m wide and 110m deep area.
• It appears the 2011 study, relied on historical interpretations and
assumptions from work done in 2003, and 2008, but assuming a lower
COG applied for the open pit resource. The 2011 resource was
classified entirely as Measure Resources
Javelin has not relied on any of this previous information or the underlying
assumptions for the 2021 MRE.
Drillhole geology logging information containing lithology codes,
weathering, quartz vein percentages, and general lithological
descriptions were used to assist and guide geology and mineralisation
interpretations informing the estimate.
• Surface geology mapping provide exposure to some of the deposit rock
types, structures and styles of mineralisation.
• Historical documents contain minimal information on UG backs
mapping of development, stopes or rises on no 3DM modelling was
completed due to the uncertainty with converting the local coordinates
back to MGA
Geological and mineralisation interpretations in plan and cross section views
have been followed up with 3D wireframe models based on analysis of the
collated historical and recent drilling information.
• The bulk of the mineralisation in the Main zone has been constrained
within two main mineralised zones within the overall shear zone striking
north to south and dipping to the east at 70°. The north zone
mineralisation has a similar strike orientation but with a shallower dip
averaging 42° to the east and bisected by apparent NE-SW fault.
• Gold mineralisation are mostlyrestricted in 2parallel to thequartz vein

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ASX Announcement 25 October 2024

hosted shear orientations, although there is evidence of discontinuous linking quartz vein structures are evident within the main shear zones and may contain significant high grade mineralisation. These oblique vein structures are clearly visible in the southern wall of the pit. A mineralised laterite zone has been modelled horizontally across the north end of the Eureka Pit. A COG of 0.2g/t Au has been applied in order to maintain wireframe continuity and thickness amenable to surface mining dimensions.

hosted shear orientations, although there is evidence of discontinuous
linking quartz vein structures are evident within the main shear zones
and may contain significant high grade mineralisation. These oblique
vein structures are clearly visible in the southern wall of the pit.
A mineralised laterite zone has been modelled horizontally across the north
end of the Eureka Pit. A COG of 0.2g/t Au has been applied in order to maintain
wireframe continuity and thickness amenable to surface mining dimensions.
Dimensions The extent and
variability of the Mineral
Resource expressed as length
(along strike or otherwise), plan
width, and depth below surface
to the upper and lower limits of
the Mineral Resource.
whether the Mineral
Resource estimate takes
appropriate account of such
data.
The assumptions made
regarding recovery of by-
products.
Estimation of deleterious
elements or other non- grade
variables of economic
significance (eg sulphur for acid
mine drainage characterisation).
In the case of block model
interpolation, the block size in
relation to the average sample
spacing and the search
employed.
Any assumptions behind
modelling of selective mining
units.
Any assumptions about
correlation between variables.
Description of how the
geological interpretation was
used to control the resource
estimates.
Discussion of basis for using or
not using grade cutting or
capping.
The process of validation, the
checking process used, the
comparison of model data to
drill hole data, and use of
reconciliation data if available.

•
One block model was constructed to enable efficient gold estimation
of all mineralisation domains
Estimation Methods:
•
Ordinary Kriging (OK) and Inverse distance to the power of 2 (ID2) were
the estimation methods used for the May 2021 MRE. The data is
informed by good quality drilling on regular drill spacing – down to 10 m
x 10 m for the central area, broadening out to a nominal 25mE x 25 mN
to the north and south of the Main zone. Maximum extrapolation of
wireframes from drilling was 20m along strike or 10m down-dip.
Maximum extrapolation along strike and below the deepest drilling was
generally half drill hole spacing.
Domaining and Compositing:
•
Drill hole sample data was flagged using domain codes generated from
3D mineralisation domains. Sample data was composited over the full
downhole interval. Intervals with no assays were initially assigned
background grades for the compositing routine as these un-assayed
intervals in the drill holes were assumed to be waste or ‘barren’ during
logging and sampling. It was decided therefore that unsampled
intervals in the old holes used for the 2021 MRE were to be ignored in
the compositing routine.
•
Assessment of the raw assay interval lengths and raw gold assay values
were completed in order to determine the most appropriate length for
compositing of the samples. The most common sample length is 1.0 m
and covers the range of the Au grades. Therefore, 1 m composes were
used as the source data for the gold grade estimates.
•
All
domain
composites
included
coding
by
weathering
for
oxide/transition versus fresh material. Statistical analysis of grade
distribution for the well- informed domains by weathering was
conducted, mainly to assess if further sub-domaining was required
(e.g., evidence of supergene enrichment). No consistent variability in
the sub-domaining by weathering was noted across the zones.
Treatment of Extreme Grades:
Gold grade distributions within the estimation domains were assessed to
determine if high grade cuts or distance limiting should be applied. Distance
limiting thresholds and the effects of grade capping were reviewed and
applied on a domain basis where it was deemed appropriate i.e. for extreme
high-grade outliers, high grade clustering or a high coefficient of variation
(CV).
Variography:
Variogram calculations were carried out on the 1m composites for three well
informed domains (1001, 1002, 1004). Variography failed to produce
satisfactory results for other domains due to lack of samples.
Indicator estimation was considered but did not provide sufficient data in the
higher bins to produce well-structured variograms.

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Grade Interpolation and Search Parameters :

The mineralised domain wireframes were used to code the block model and the volume between the wireframe models and the coded block model were checked in order to ensure that the sub-blocking size are appropriate for the interpreted domains. Estimation was carried out on capped and uncapped gold grade. Hard domain boundaries were used between the mineralised domains, meaning only composites within the domain are used to estimate inside that domain. The variogram orientations were used as the orientation of the search ellipse. The variogram and search parameters for well-informed were used to represent the poorly informed domains.

Gold was estimated in two passes – first pass using optimum search distances for each domain (mostly 40 m) as determined through the KNA process, second pass set at longer distances in order to populate all blocks (2nd = max 120 m).

A waste domain boundary encompassing the mineralisation domains and within the limits of the drilling and host units was modelled for each deposit and included in the grade estimation runs. This allowed for any isolated zones and any mineralised haloes proximal to the hard boundary mineralised blocks to be estimated for estimation of dilution within pit optimisation limits. Interpolation parameters were set to a minimum number of 6 composites and a maximum number of 16 composites for the estimate. A maximum of 6 samples per hole was used.

Software Used : Leapfrog Geo – Database validation, mineralisation zone economic compositing at lower grade cut-offs, mineralisation trends along with Surpac v6.9.0 used for Drillhole validation, weathering surface DTMs, final mineralisation interpretation and wireframe modelling and minor zones OK estimation.

  • Estimation and The nature and • One block model was constructed to enable efficient gold estimation modelling appropriateness of the estimation of all mineralisation domains techniques technique(s) applied and key Estimation Methods: assumptions, including treatment of extreme grade values, • Ordinary Kriging (OK) and Inverse distance to the power of 2 (ID[2] ) were domaining, interpolation the estimation methods used for the May 2021 MRE. The data is parameters and maximum informed by good quality drilling on regular drill spacing – down to 10 m distance of extrapolation from x 10 m for the central area, broadening out to a nominal 25mE x 25 mN data points. If a computer to the north and south of the Main zone. Maximum extrapolation of assisted estimation method was wireframes from drilling was 20m along strike or 10m down-dip. chosen include a description of Maximum extrapolation along strike and below the deepest drilling was computer software and generally half drill hole spacing.

  • parameters used. Domaining and Compositing: • Drill hole sample data was flagged using domain codes generated from

  • The availability of check estimates, previous 3D mineralisation domains. Sample data was composited over the full estimates and/or mine production downhole interval. Intervals with no assays were initially assigned records and whether the Mineral background grades for the compositing routine as these un-assayed Resource estimate takes intervals in the drill holes were assumed to be waste or ‘barren’ during appropriate account of such data. logging and sampling The assumptions made regarding • Assessment of the raw assay interval lengths and raw gold assay values recovery of by- products. were completed in order to determine the most appropriate length for

  • Estimation of deleterious compositing of the samples. The most common sample length is 1.0 m and covers the range of the Au grades. Therefore, 1 m composites were

  • elements or other non- grade variables of economic used as the source data for the gold grade estimates. significance (eg sulphur for acid • All domain composites included coding by weathering for mine drainage characterisation). oxide/transition versus fresh material. Statistical analysis of grade distribution for the well- informed domains by weathering was

  • In the case of block model conducted, mainly to assess if further sub-domaining was required

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ASX Announcement 25 October 2024

interpolation, the block size in
relation to the average sample
spacing and the search employed.
Any assumptions behind
modelling of selective mining
units.
Any assumptions about correlation
between variables.
Description of how the geological
interpretation was used to control
the resource estimates.
Discussion of basis for using or
not using grade cutting or capping.
The process of validation, the
checking process used, the
comparison of model data to drill
hole data, and use of reconciliation
data if available.		 (e.g., evidence of supergene enrichment). No consistent variability in
the sub-domaining by weathering was noted across the zones.
Treatment of Extreme Grades:
•
Gold grade distributions within the estimation domains were assessed
to determine if high grade cuts or distance limiting should be applied.
Distance limiting thresholds and the effects of grade capping were
reviewed and applied on a domain basis where it was deemed
appropriate i.e. for extreme high-grade outliers, high grade clustering
or a high coefficient of variation (CV).
Variography:
Variogram calculations were carried out on the 1m composites for three well
informed domains (1001, 100l2, 1004). Variography failed to produce
satisfactory results for other domains due to lack of samples
Indicator estimation was considered but did not provide sufficient data in the
higher bins to produce well-structured variograms.
Grade Interpolation and Search Parameters:
The mineralised domain wireframes were used to code the block model and
the volume between the wireframe models and the coded block model were
checked in order to ensure that the sub-blocking size are appropriate for the
interpreted domains.
Estimation was carried out on capped and uncapped gold grade. Hard domain
boundaries were used between the mineralised domains, meaning only
composites within the domain are used to estimate inside that domain. The
variogram orientations were used as the orientation of the search ellipse.
The variogram and search parameters for well-informed were used to
represent the poorly informed domains.
Gold was estimated in two passes – first pass using optimum search distances
for each domain (mostly 40 m) as determined through the KNA process,
second pass set at longer distances in order to populate all blocks (2nd = max
120 m).
A waste domain boundary encompassing the mineralisation domains and
within the limits of the drilling and host units was modelled for each deposit
and included in the grade estimation runs. This allowed for any isolated zones
and any mineralised haloes proximal to the hard boundary mineralised blocks
to be estimated for estimation of dilution within pit optimisation limits.
Interpolation parameters were set to a minimum number of 6 composites and
a maximum number of 16 composites for the estimate. A maximum of 6
samples per hole was used.
Software Used:
Leapfrog Geo – Database validation, mineralisation zone economic
compositing at lower grade cut-offs, mineralisation trends
Surpac v6.9.0 – Drillhole validation, weathering surface DTMs, final
mineralisation interpretation and wireframe modelling and minor zones OK
estimation
The parent block dimensions used in the block model were:
5 m N by 2.5 m E by 2.5 m RL, with sub-cells of 2.5 m by 1.25 m by 1.25 m.
The parent block size was selected on the basis one half/one quarter of the
minimum drill spacing of 10/20 m E by 10 m N in Indicated areas and one
quarter of the maximum drill spacing of 40 m E by 20 m N in Inferred areas.
For the block model definition parameters, the primary block size and sub-
blocking deemed appropriate for the mineralisation and to provide adequate
volume definition where there are narrow zones or terminations, or disrupted
zones due to contacts or surface boundaries.

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The block model definition parameters included a primary block size and subblocking deemed appropriate for the mineralisation and to provide adequate volume definition where there are narrow or complex zones modelled. These dimensions are suitable for block estimation and modelling the selectivity for an open pit operation.

No correlation analysis has been undertaken due to limited number of multielement samples in the database provided.

The mineralisation domain interpretation was used at all stages to control the estimation. Overall, the mineralisation was constrained by wireframes constructed using a nominal 0.5 g/t Au cut-off grade lower threshold within shear-hosted, quartz veins and vein selvedges within a predominantly mafic/interflow sediments host units.

Statistical analysis was carried out for all domains. This involved a combination of grade capping analysis tools (grade histograms, log probability plots and coefficient of variation (CV)), and spatial analysis. The high CV and the presence of extreme grade values observed on the histogram for some of the domains suggested that high grade cuts were required for subsequent geostatistical analysis. The remaining domains were left uncut.

Top cuts were applied on a domain basis by application of grade capping for a domain composite data or using a grade distance threshold option in the interpolation module in Surpac.

The influence of extreme grade values was reduced by applying a gradedistance threshold limit for the estimation domains containing high grade outliers. Outside a distance of 20 m diameter (overall average drill spacing distance), a top cut was applied to the estimation domains. Grade capping values and effects are summarised as follows: range of top cut values = 10 g/t to 40 g/t (total of 17 samples cut) Metal loss based on composite mean and ratio of samples = -16%.

  • Block model validation was conducted by the following means: • Visual inspection of block model estimation in relation to raw drill data on a section by section basis.

  • Volumetric comparison of the wireframe/solid volume to that of the block model volume for each domain.

  • A global statistical comparisons of input and block grades, and local composite grade (by Easting and RL) relationship plots (swath plots), to the block model estimated grade for each domain.

  • • Comparison of the cut grade drill hole composites with the block model grades for each lode domain in 3D.

  • • Comparison with check estimates (OK or ID[2] )

  • No significant validation issues were noted from the model validation process. During interpolation runs, adjustments were made to search parameters to improve local and semi-local representation of grades where possible.

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Moisture Whether the tonnages are
estimated on a dry basis or with
natural moisture, and the
method of determination of the
moisture content.
The tonnages are estimated on a dry tonnes basis. Moisture was not
considered in the density assignment.
Cut-off
parameters		 The basis of the adopted
cut-off grade(s) or quality
parameters applied.		 For Open Pit areas a Cut-off grade of 0.4 g/t Au was applied to all material
within mineral resource defined by specific open optimisation pit shells.
Mining factors or
assumptions		 Assumptions made
regarding possible mining
methods, minimum mining
dimensions and internal (or, if
applicable, external) mining
dilution. It is always
necessary as part of the
process of determining
reasonable prospects for
eventual economic extraction to
consider potential mining
methods, but the assumptions
made regarding mining methods
and parameters when
estimating Mineral Resources
may not always be rigorous.
Where this is the case, this
should be reported with an
explanation of the basis of the
mining assumptionsmade.

For Open pit areas Optimisation pit shells were generated in Whittle based on:
Gold Price assumption of $AUD 2500/oz
Cost experience for Mining, Processing and Administration
Metallurgical
factors or
assumptions		 The basis for assumptions
or predictions regarding
metallurgical amenability. It is
always necessary as part of the
process of determining
reasonable prospects for
eventual economic extraction to
consider potential metallurgical
methods, but the assumptions
regarding metallurgical
treatment processes and
parameters made when
reporting Mineral Resources
may not always be rigorous.
Where this is the case, this
should be reported with an
explanation of the basis of the
metallurgical assumptions
made.
No recent metallurgical testwork and reporting have been conducted.
Metallurgical factors and assumption are based on similar mineralisation styles
from examples in Western Australia.
For oxide and transition a recovery of 95% has been assumed for the pit
optimisation input parameters
For fresh rock, a recovery of 90% has been assumed for the pit
optimisation input parameters

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ASX Announcement 25 October 2024

Environmental greenfields project, may factors or not always be well advanced, assumptions the status of early consideration of these potential environmental impacts should be reported. Where these aspects have not been considered this should be reported with an explanation of the environmental assumptions made.

Whether assumed or

Bulk density Whether assumed or determined. If assumed, the basis for the assumptions. If determined, the method used, whether wet or dry, the frequency of the measurements, the nature, size and representativeness of the samples.

The bulk density for bulk material must have been measured by methods that adequately account for void spaces (vugs, porosity, etc), moisture and differences between rock and alteration zones within the deposit.

Discuss assumptions for bulk density estimates used in the evaluation process of the different materials.

No environmental factors have been considered as part of the May 2021 MRE. The deposit areas have previous been the subject of historical underground and open pit mining and extensive surface work.

There were no bulk density (BD) results available for review for the 2021 MRE. No BD data was found from reports found in WAMEX. For preliminary resource work conducted in 2011, a BD of 2.65 was applied for all material rock types, regardless of degree of weathering.

BD assignment for the 2021 MRE has therefore been estimated from industry experience of similar material types in moderately to deeply weathered greenstone hosted gold deposits in Western Australia.

For the 2021 MRE, Cube assigned BD values for laterite, oxide, transitional and fresh material for both ore and waste:

Material Ore Waste
Type
gm/cm3 gm/cm3
Laterite 2.2 2.2
Oxide 2.2 2.2
Transition 2.4 2.4
Fresh 2.75 2.8
Voids 0 0

It is assumed that the bulk density will have little variation within the separate material types across the breadth of the project area. Therefore, a single value applied to each material type is considered acceptable.

Classification The basis for the classification of the Mineral Resources into varying confidence categories. Whether appropriate account has been taken of all relevant factors (ie relative confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and distribution of the data). Whether the result appropriately reflects the Competent Person’s view

The Mineral Resource estimate is reported here in compliance with the 2012. The resource was classified as Indicated, and Inferred Mineral Resource based on data quality, sample spacing, and lode continuity. The Indicated Mineral Resource was defined within areas of close spaced diamond and RC drilling (mostly 2020-2021 drilling) of less than 20 m by 20 m and where the continuity and predictability of the lode positions was good.

The Inferred Mineral Resource was assigned to areas of the deposit where drill hole spacing was greater than 20 m by 20 m and where small, isolated pods of mineralisation occur outside the main mineralised trends.

  • The resource classification is based on the quality of information for the drill types (recent RC and DD), geological domaining, as well as the drill spacing and geostatistical measures to provide confidence in the tonnage and grade estimates

  • The input data is comprehensive in its coverage of the mineralisation

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ASX Announcement 25 October 2024

of the deposit. and does not favour or misrepresent in-situ mineralisation. The
definition of mineralised zones is based on high level geological
understanding producing a robust model of mineralised domains.
•
Validation of the block model shows good correlation of the input data
to the estimated grades.
•
Open hole percussion holes (RAB and Perc) and some older RC holes
were excluded from the estimation and data spacing when
determining relative confidence for classification.
The Mineral Resource estimate appropriately reflects the Competent Person’s
view of the deposit.
Audits or reviews The results of any audits
or reviews of Mineral Resource
estimates.		 The current estimation domaining, MRE parameters, classification and
reporting have all been internally peer reviewed by qualified professionals at
Cube and Javelin Minerals Ltd.
Discussion of
relative
accuracy/
confidence		 Where appropriate a
statement of the relative
accuracy and confidence level
in the Mineral Resource
estimate using an approach or
procedure deemed
appropriate by the Competent
Person.
For example, the application of
statistical or geostatistical
procedures to quantify the
relative accuracy of the
resource within stated
confidence limits, or, if such
an approach is not deemed
appropriate, a qualitative
discussion of the factors that
could affect the relative
accuracy and confidence of
the estimate.
The statement should specify
whether it relates to global or
local estimates, and, if local,
state the relevant tonnages,
which should be relevant to
technical and economic
evaluation. Documentation
should
include assumptions made
and the procedures used.
These statements of relative
accuracy and confidence of the
estimate should be compared
with production data, where
available.
The Eureka 2021 MRE is made up predominantly of moderately thick to narrow,
very continuous mineralised gold zones hosted within sheared alteration
zones containing high grade quartz veining.
The close density of drilling supports the classification of 56% of the Mineral
Resource to be classified as Indicated (by contained metal).
The deposit geometry and continuity has been adequately interpreted to
reflect the applied level for Indicated and Inferred Mineral Resources. The data
quality is good, and the drill holes have detailed logs produced by qualified
geologists. A recognised laboratory has been used for all analyses.
The current modelled MRE is a reasonable representation of the global
contained metal but not a local estimation.
Confidence in the 2021 MRE is such that it will provide adequate accuracy for
global resource evaluation for selective open pit mining.
•
1897 to 1940 includes 809 tonnes recovery of 797oz of gold at an
average grade of 27 g/t Au (Ransted, 1985).
•
Previously recorded gold production for the Eureka open pit mine
during the period 1985 to 1986 includes 45,865 tonnes at an average
grade of 4.64 g/t Au. Gold recovered has not been recorded. (WCH,
1987).
•
UG mine refurbishment & trial mining from November 1998 to June
1999 – approx. 400t @ 6g/t Au from 80m Level (JMM, 2000).
•
The historical mining figures indicate the presence of high-grade
quartz vein hosted mineralisation also logged and sampled by more
recent drilling.
•
The May 2021 MRE has been depleted by open pit mining based on
open pit survey DTM. The accuracy of the depleted resource is affected
to a minor degree by the exclusion of historical voids, although as only
809 tonnes was recorded as being mined (Ransted, 1985), it is not
deemed significant for the global estimate.

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ASX Announcement 25 October 2024

APPENDIX 2: COOGEE GOLD RESOURCE

Table 1 : Coogee Gold Deposit Mineral Resource Estimate by Classification as of July 2024 (at a 0.5 g/t Au cut-off)

Classification Weathering
Zone		 Volume
m2		 Density
g/cm2		 Tonnage
T		 Grade
g/t Au		 Contained
Metal
ounces Au
Indicated Supergene 7,531 2.10 15,816 1.17 593
Primary 350.898 2.70 947,426 1.31 39,969
Inferred Supergene 11,715 2.10 24,601 0.56 445
Primary 987,773 2.70 2,666,988 1.00 85,677
Total Supergene 19,246 2.10 40,417 0.80 1,038
Fresh 1,338,672 2.70 3,614,414 1.08 125,647
Total 1,357,918 2.69 3,654,831 1.08 126,685

Table 2 : Coogee Gold Deposit Mineral Resource Estimate by Classification as of July 2024 (at a >2,000 ppm Cu cut-off)

Classification Weathering
Zone		 Volume
m2		 Density
g/cm2		 Tonnage
T		 Grade
g/t Au		 Contained
Metal
ounces Au
Inferred Primary
within Gold
Domian		 122,358 2.7 330,366 5.546 1,832
Inferred Supergene 129,402 2.1 271,745 3,619 983
Inferred Primary
without
Gold
Domain		 153,887 2.7 415,494 3,144 1,306
Total 405,647 1,017,606 4,103 4,122

Table 3 : Coogee Au Minerals Resource Estimate by Classification of Block Id as of July 2024 (at a 0.5 g/t Au cut-off)

Mineralised
Block ID		 Classification Volume
m2		 Density
g/cm2		 Tonnage
t		 Grade
g/t Au		 Contained
Metal
ounces Au
Northern Indicated 185,074 2.68 495,969 1.14 18,190
Inferred 913,813 2.69 2,461,114 0.98 77,846
Total 1,098,887 2.69 2,957,084 1.01 96,036

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Central
(under pit)		 Indicated 99,695 2.70 268,881 1.36 11,735
Inferred 32,918 2.70 88,879 1.09 3,106
Total 132,613 2.70 357,759 1.29 14,841
Southern Indicated 73,660 2.69 198,391 1.67 10,637
Inferred 52,758 2.68 141,596 1.14 5,171
Total 126,418 2.69 339,988 1.45 15,808
Northern Indicated 185,074 2.68 495,969 1.14 18,190
Inferred 913,813 2.69 2,461,114 0.98 77,846
Total 1,098,887 2.69 2,957,084 1.01 96,036

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ASX Announcement 25 October 2024

APPENDIX 3 – SUMMARY OF JORC TABLE 1 AND LISTING RULE 5.8.1

The following is a summary of material information used to estimate the Eureka Mineral Resource, as required by Listing Rule 5.8.1 and JORC 2012 Reporting Guidelines.

1. MINING HISTORY

The Eureka gold deposit was first discovered in the 1890s, with historical underground mining worked until 1940. Historical information sourced from WAMEX noted that gold mineralisation is associated with shearing and quartz veining within easterly dipping oxidised fine grained mafic rocks. Recorded production from 1897 up to 1940 totalled 809 tonnes averaging 27.8 g/t Au (Ransted, 1985).

More recently, the Eureka tenement area has been explored and operated by numerous companies, with the major work completed outlines as follows:

  • CSR (1982-83) – included 4.4km of RC drilling

  • West Coast Holdings (WCH) (1984-87) o Surface geochemistry (including Augur drilling), aero-mag surveys, vacuum drilling, Percussion, DC and DD drilling; surface mapping and gridding

  • Evaluation and mining of oxide resources (Open Pit) and evaluation of UG resources

  • Eureka Open Pit - mining produced 45,865 tonnes at 4.64g/t Au, for 6,842 oz Au (WCH, 1986).

  • Glengarry Mining NL (1994) – Aeromag Interpretation, RAB Drilling

  • Jasper Mining NL (+ JV partners) (1996-2004)

  • UG mine evaluation, refurbishment & trial mining

  • Limited ore drive development from November 1998 to June 1999 produced 400 t @ 6g/t Au from 80m Level (JMM, 2000);

  • Sherlock Bay Nickel Corp (SBNC) (2004-2006) – Ground Mag survey; gridding; surface mapping; RC drilling (ERC holes)

  • International Gold P/L (2007-2010) – Mag-radiometric survey, Augur drilling; UG design study (41,000 t @ 10.1 g/t, for 13,300 oz Au)

  • Central Iron Ore Ltd (2011-14) – Resource evaluation (451,000t @ 4.4g/t for 64,200 oz Au); Geophysical data review

2. MINERAL TENEMENT AND LAND TENURE STATUS

The Eureka project is situated on tenement numbers M24/189, M24/584, M24/585 and M24/586 and P24/5116. The suite of five tenements is located 50 Kilometres north-west of Kalgoorlie. The tenements are owned 100% by Warriedar Mining (WRM). WRM is the operator of the tenement package. All licences are in good standing with no known impediments.

3. EUREKA DEPOSIT GEOLOGY AND MINERALISATION

Regional Geology

The Eureka gold deposit occurs on the eastern limb of the major south-east plunging Goongarrie-Mt. Pleasant Anticline. The eastern limb consists predominantly of north-north-west trending mafic and ultramafic lithologies, with minor thin mainly interflow sediments, bounded to the west by pre-to syntectonic granitoid forming the core of the regional anticline.

To the east, the Bardoc-Broad Arrow Synform occurring between the major Goongarrie- Mt. Pleasant and ScotiaKanowma Anticlines is subject to significant disruption by the broad Bardoc Tectonic Zone.

This zone consists of multiple shear zones occurring within intercalated felsic, mafic and ultramafic lithologies in the vicinity of the synformal axis. The Bardoc Tectonic Zone is host to the Paddington and Bardoc gold deposits.

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Local Geology and Mineralisation

The Eureka deposit is located within a sequence of mafic and ultramafic rocks forming part of the Kalgoorlie – Menzies greenstone belt. The layered sequence is approximatley 6 km wide with a northerly trend (Figure 1). The sequence is intruded by east-west trending Proterozoic mafic dykes and is bunded to the east and west by complex granitic plutons.

==> picture [295 x 397] intentionally omitted <==

----- Start of picture text -----

North
Zone
Main Zone
----- End of picture text -----

Figure 1 – Eureka Gold Project - Simplified Local Geology (from Hodgins, 2014, based on historical work)

In the vicinity of the Eureka Mine the sequence has a generally easterly dip of 65° to 70°, parallel by the regional foliation. Regional metamorphism of the sequence is lower greenschist facies.

Two distinct shale units are present, the western or footwall unit being the Copper Mine Shale which marks the top of the sill and the hanging wall unit, an interflow unit amongst the basalt (Figure 2).

Weathering profile is extensive with the deepest weathering along the main shear zones and contacts causing a weathering trough of highly oxidised rock that extends down the main shear to the bottom of the pit exposures. Both the north end and south end exposures of the pit show massive and blocky clay altered rock masses bounded by narrow, highly sheared zones, commonly containing limonitic quartz veining. The quartz vein hosted shears run parallel or sub-parallel to the main N-S shear trend, and less commonly cross cutting, shallow dipping quartz veins (Figure 2).

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ASX Announcement 25 October 2024

High grade gold mineralisation at Eureka is associated with veining within the altered lower mafics. The vein system typically consists of quartz, carbonate and sulphide and has a variable thickness of up to 20m. The mineralisation exploited in the open pit consists of a number of lens shaped shoots up to 10m wide within an intensely sheared zone some 30m wide.

==> picture [461 x 348] intentionally omitted <==

Figure 2 – Eureka Open Pit – Recent view of Open Pit workings, looking south (Cube, June 2021)

4. DRILLING TECHNIQUES AND HOLE SPACING

Historically, the project has been drilled using rotary air blast (RAB), percussion (Perc), reverse circulation (RC) and diamond core drilling (DD) over numerous campaigns by several companies and currently by TIN.

Eureka Open Pit – Recent view of Open Pit workings, looking south (Cube, June 2021)

For the 2020-2021 all drilling was completing using RC rigs. The RC rig specs are as follows:

  • Schramm T450 RC rig - 5 ½ inch diameter face sampling hammer

  • LC36 KWL700 RC rig (for deep holes) – 5 inch face sampling hammer

  • X350 RC rig - 4 ½ inch diameter face sampling hammer; drilling since May 2021)

The majority of holes are on a grid either infilling within or surrounding historical pit and underground (UG) workings or extending along strike into geochemical or geophysical (areo- mag) anomalies. The recent programs drilled in 2020 and 2021 have all been RC drilling. The majority of drill holes have a dip of -55 or -60° and azimuths mostly drilled to 270° MGA grid.

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ASX Announcement 25 October 2024

Historical exploration and drilling at Eureka targeted discrete areas based on surface geochemical and geophysical anomalies, historical workings that identified the location of host mineralisation. Consequently, current drilling is not grid based, but across the historical open pit and UG workings the drill spacing is nominally 10m N x 10m E. Extensions to the north and south have been nominally drilled at 20m N x 20m/10m spaced drilling. A plan view showing the drill spacing of holes used for the 2021 MRE within the Eureka project area are highlighted in Figure 3.

==> picture [284 x 407] intentionally omitted <==

----- Start of picture text -----

2021
Resourc
e Area
ML
Boundary:
Eureka Pit Wast
e
Dum
----- End of picture text -----

Figure 3 - Drillhole Location Plan with Resource Estimation Area and Project Mineral Licences

5. SAMPLING METHODS

Historical drilling reviewed from WAMEX files and carried out from 1982, included Vacuum, Augur, open hole percussion/ RAB, RC and diamond core drilling (mostly NQ, also PQ and HQ). Sampling methods included chip samples collected and split in even 1 metre or 4 metre composite intervals for dry samples. Wet samples were speared or on occasion scoop- sampled. Diamond core was half core sampled at selected intervals where the geologist recorded evidence of the presence of mineralisation.

For the recent drilling by TNT Mines Ltd (TIN), reverse circulation (RC) drill samples are collected from rig mounted cyclone cone splitter at 1m intervals. Duplicate samples are collected from reject bags every 10m (by spear sampling). Calico

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samples are weighed to ensure minimum size of 2.5kg are collected. Rarely where wet samples were encountered, the samples were speared or on occasion scoop-sampled. RC drill chips from each metre were examined visually and logged by the geologist. Duplicate samples were collected at 1 m intervals by scoop sampling reject bags.

Certified reference materials (CRM), analytical blanks, and field duplicates were used as part of the QAQC procedures used for the 2020-2021 RC drilling programs at Eureka and summarised as follows:

  • Insertion of CRMs after every 10 samples which represents approximately 5% of total samples. No blanks were inserted for the 2020-2021 RC drilling programs.

  • Insertion of field duplicates at a rate of one duplicate submitted for every 10 samples. Duplicates samples represent approximately 5% of total samples.

  • Based on the independent statistical analysis of the QAQC results, there is no evidence to suggest the samples are not representative. Analysis of the results to date show an acceptable level of precision and accuracy.

6. SAMPLE SECURITY AND LABORATORY ANALYSIS

Chain of custody is managed by TIN staff at the site office and core storage facility at Eureka. Between 300-400 samples are delivered in a batch directly by TIN personnel to the assay laboratory in Kalgoorlie by light vehicle and trailer with enclosed cage. Samples are securely packed in wire-tied, large hessian bags.

Two laboratories have been used for the 2020-2021 RC drilling, sample preparation and analysis: -

  • ALS, Kalgoorlie, certified ISO 9001

  • SGS, Kalgoorlie, certified ISO 9001

At the commercial laboratory, RC samples are dried at minimum 60° C. If the sample weight is greater than 3 kg, the sample is riffle split. It is then pulverised to a grind size where 85% of the sample passes 75 micron. All samples have been analysed using a 30g fire assay technique with an AAS finish.

All assay results are forwarded electronically to TIN for review by the CEO prior to validation and importing into the TIN database by contract database administrator.

7. ESTIMATION METHODOLOGY

Data is sourced from the recent and historical drill logging and RC chip logging/ DD core logging, and surface mapping interpretations from previous work. Interpreted projections for structures and local mineralisation trends were made between drill sections and extending along strike and down dip based on a drill spacing down to 10 m x 10 m. The logging and mining information has been used to inform the mineralisation domains used for the estimation.

Weathering surfaces were interpreted for oxide, transitional and primary weathering boundaries from available logging data. This data allowed the density values for the mineral resource estimate to be sub-divided by weathering domains.

Mineralisation continuity in the Main zone mineralisation consisting of 2 main zones in close proximity, following the trend of the main shear. Along the hanging wall and in the North zone, mineralisation is more inconsistent, although many old holes have selective sampling. Several significant gold intersections footwall to the FW graphitic shale were modelled into Au domain, and may indicate anomalous Au mineralisation along the footwall sequence.

Estimation domains were based on grouping of the gold mineralisation domains into five zones as defined by domain boundary threshold, nominally at 0.5g/t Au:

  • Domain 1001 to 1008 – Main Zone Au mineralisation

  • Domain 2001 to 2004 – North Zone Au mineralisation

  • Domain 3001 – Laterite Au mineralisation

  • Domain 100 – Min/Waste halo domain covering background mineralisation across the Main and North zones.

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Drill hole sample data was flagged using domain codes generated from three-dimensional mineralisation domains. Sample data was composited to one-metre downhole lengths using a best fit-method. No residuals were generated. Statistical analysis was carried out on data from all estimated domains, with hard boundary techniques employed within each estimation domain.

Gold grade distributions within the estimation domains were assessed to determine if high grade cuts or distance limiting should be applied. Distance limiting thresholds and the effects of grade capping were reviewed and applied on a domain basis where it was deemed appropriate i.e., for extreme high-grade outliers, high grade clustering or a high coefficient of variation (CV).

The mineralised domain wireframes were used to code the block model and the volume between the wireframe models and the coded block model were checked in order to ensure that the sub-blocking size are appropriate for the interpreted domains. Estimation was carried out on capped and uncapped gold grade. Hard domain boundaries were used between the mineralised domains, meaning only composites within the domain are used to estimate inside that domain. The variogram orientations were used as the orientation of the search ellipse. The variogram and search parameters for well-informed were used to represent the poorly informed domains.

Gold was estimated in two passes – first pass using optimum search distances for each domain (mostly 40 m) as determined through the KNA process, second pass set at longer distances in order to populate all blocks (2nd = max 120 m). A waste domain boundary encompassing the mineralisation domains and within the limits of the drilling and host units was modelled for each deposit and included in the grade estimation runs. This allowed for any isolated zones and any mineralised haloes proximal to the hard boundary mineralised blocks to be estimated for estimation of dilution within pit optimisation limits. Interpolation parameters were set to a minimum number of 6 composites and a maximum number of 16 composites for the estimate. A maximum of 6 samples per hole was used.

The parent block dimensions used in the block model were:

  • 5 m N by 2.5 m E by 2.5 m RL, with sub-cells of 2.5 m by 1.25 m by 1.25 m.

The parent block size was selected on the basis one half/one quarter of the minimum drill spacing of 10/20 m E by 10 m N in Indicated areas and one quarter of the maximum drill spacing of 40 m E by 20 m N in Inferred areas. For the block model definition parameters, the primary block size and sub-blocking deemed appropriate for the mineralisation and to provide adequate volume definition where there are narrow zones or terminations, or disrupted zones due to contacts or surface boundaries.

The block model definition parameters included a primary block size and sub-blocking deemed appropriate for the mineralisation and to provide adequate volume definition where there are narrow or complex zones modelled. These dimensions are suitable for block estimation and modelling the selectivity for an open pit operation. A view of the block model constrained within the estimation domains is illustrated in Figure 4.

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==> picture [452 x 276] intentionally omitted <==

----- Start of picture text -----

Cross Section
Ref. Line:
6643780 N
----- End of picture text -----

Figure 4 – Eureka Project – Composite Long Section (looking west) with block grades within defined

estimation domains and drilling density (May 2021)

The block model was validated using a combination of visual and statistical techniques including global statistics comparisons, correlation coefficients comparisons, and trend plots.

A cross section looking north with estimated block grades constrained by the estimation domains within the Main Zone is presented in Figure 5.

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==> picture [368 x 330] intentionally omitted <==

----- Start of picture text -----

Topo Surface
----- End of picture text -----

Figure 5 – Eureka Project – Main Zone Cross section 6643780N (looking north) with block grades compared with downhole 1m composite grades (May 2021)

8. RESOURCE CLASSIFICATION

A range of criteria was considered by Cube when addressing the suitability of the classification boundaries. These criteria include:

  • Geological continuity and volume;

  • Drill spacing and drill data quality;

  • Modelling technique; and

  • Estimation properties, including search strategy, number of informing composites, average distance of composites from blocks and kriging quality parameters.

Blocks have been classified in both the Indicated (56% of total metal) and Inferred (44%) categories, primarily based on drill data spacing and well-defined Au mineralisation continuity, in combination with other model estimate quality parameters.

For Eureka, the following criteria was adopted for identifying the resource classification boundaries:

  • The Indicated Mineral Resource was defined within areas of close spaced diamond and RC drilling (mostly 2020-2021 drilling) of less than 20 m by 20 m, and where the continuity and predictability of the lode positions was good.

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  • The Inferred Mineral Resource was assigned to areas of the deposit where drill hole spacing was greater than 20 m by 20 m and where small, isolated pods of mineralisation occur outside the main mineralised trends

9. REPORTING

In situ Resources

A summary of the in-situ Eureka Mineral Resources, as of 30 June 2021 is presented in Table 2. All resources have been depleted by previous open pit mining activity and are reported at a range of cut-off grades (COG). As the resources occur at or near surface, the models were constructed with a view towards selective open pit mining. Therefore, the selected Au lower cut-off ranges were deemed appropriate

Table 2 : Eureka Gold Project– In Situ Mineral Resources (as of 23 June 2021)

Resource Category COG Tonnes (t) Grade (g/t Au) Contained (Oz
Au)
Indicated 0.3 1,437,000 1.4 65,000
0.5 1,269,000 1.5 62,000
0.8 983,000 1.8 56,000
1.0 811,000 2.0 52,000
Inferred 0.3 1,341,000 1.2 52,000
0.5 1,183,000 1.3 50,000
0.8 887,000 1.5 43,000
1.0 666,000 1.7 37,000
All Resouces 0.3 2,778,000 1.3 116,000
0.5 2,452,000 1.4 112,000
0.8 1,870,000 1.7 100,000
1.0 1,477,000 1.9 88,000

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Notes:

  • Figures may not add up due to rounding.

  • All resources have been depleted by open pit mining based on the most recent surface topography DTM. No resources have been depleted by historical UG mining.

  • The average bulk density assigned to the mineralisation is 2.2 g/cm[3] for oxide material, 2.4 g/cm[3] for transition, and 2.75 g/cm[3] for fresh rock.

  • Mineral Resources that are not Mineral Reserves have not demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

  • No mining or metallurgical factors have been applied to the In Situ Mineral Resources

10. CUT-OFF GRADE

As the resources occur at or near surface, and have been mined previously by this method, the models were constructed with a view towards selective open pit mining.

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