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EMERALD RESOURCES NL Capital/Financing Update 2020

Jan 15, 2020

64849_rns_2020-01-15_8b892faf-6c49-4ab2-91b6-1dbb47b2767b.pdf

Capital/Financing Update

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ASX Announcement & Media Release

16 January 2020

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Fast Facts

ASX Code: EMR Shares on issue: 3,048 million Market Cap: ~$131 million Cash: A$14.9 million (30 September 2019) Listed Investments: $0.05 million (30 Sept 2019)

High Grade Gold Mineralisation Continues at Okvau Gold Project

Emerald Resources NL (ASX: EMR) (“Emerald”) is pleased to provide results from the most recent drill programme to delineate the oxide mineralised domain at the Okvau Gold Deposit.

Board & Management

Simon Lee AO, Non-Executive Chairman Morgan Hart, Managing Director Mick Evans, Executive Director Ross Stanley, Non- Executive Director Ross Williams, Non-Executive Director Mark Clements, Company Secretary Brett Dunnachie, Chief Financial Officer

Highlights

Results received to date from the drill programme include (refer Appendix 1 for

complete results):-

  • 5m @ 9.26g/t gold from 5m (G53001) (EOH);

  • 9m @ 4.82g/t gold from 0m (G47009) (EOH);

  • 9m @ 4.06g/t gold from 0m (G47011) (EOH);

Company Highlights

  • First mover in an emerging gold province in Cambodia

  • Mineral Investment Agreement and Industrial Mining Licence granted over the Okvau Gold Project (100% owned) allowing for the development of the Okvau Deposit

  • Okvau Deposit: Indicated and Inferred Mineral Resource Estimate of 1.14Moz at 2.0g/t Au

 DFS completed and demonstrates high grade, low cost, compelling development economics:

  • Ore Reserve of 14.3Mt & 2.0g/t Au for 0.9Mozs in a single open pit with waste:ore ratio of 5.8:1

  • LOM average annual production of 106,000ozs pa

  • AISC US$754/oz over LOM

  • Using US$1.450/oz Au gold price:

    • NPV(5%) US$337M pre-tax and US$238M post-tax

    • IRR 69% pa pre-tax and 57% posttax

    • Payback ~1.4 years pre-tax and 1.7 years post-tax

  • Highly credentialed gold project development team

  • Significant resource growth potential

Registered Office 1110 Hay Street West Perth WA 6005

T: +61 8 9286 6300 F: +61 8 6243 0032 W: www.emeraldresources.com.au

  • 7m @ 4.96g/t gold from 3m (G43062);

  • 9m @ 3.70g/t gold from 0m (G47010) (EOH);

  • 9m @ 3.53g/t gold from 0m (G45030) (EOH);

  • 7m @ 4.40g/t gold from 0m (G41045).

Additional mineralisation outside the current reserve blocks in the near surface oxide material

Okvau Gold Deposit Phase 3 Drilling Results

Emerald has embarked on a third phase of drilling to define the mineralised domain. The programme designed to delineate the mineralisation in the oxide portion of the Okvau Gold Project. This programme consists of a total of 1,200 shallow holes (~10m), infilling previous drilling to a 5m by 5m spacing (refer Figure 1). Currently 705 (5,542m) of the 835 (6,880m) drill collars have assay results returned.

Select results (+20gm) from these holes include (refer to Appendix 1):-

5m @ 9.26g/t from 5m (G53001) (EOH); 10m @ 2.75g/t from 0m (G39032) (EOH); 9m @ 4.82g/t from 0m (G47009) (EOH); 10m @ 2.62g/t from 0m (G41021); 9m @ 4.06g/t from 0m (G47011) (EOH); 10m @ 2.52g/t from 0m (G49010) (EOH); 7m @ 4.96g/t from 3m (G43062); 9m @ 2.65g/t from 0m (G45018) (EOH); 9m @ 3.70g/t from 0m (G47010) (EOH); 8m @ 2.78g/t from 0m (G43043); 9m @ 3.53g/t from 0m (G45030) (EOH); 3m @ 7.35g/t from 0m (G03004); 7m @ 4.40g/t from 0m (G41045); 7.5m @ 2.81g/t from 0m (G37015) (EOH); 0.5m @ 59.50g/t from 6m (G35008) EOH); 9m @ 2.25g/t from 0m (G42012) (EOH); 2m @ 13.78g/t from 0m (G39030); 6m @ 3.37g/t from 0m (G37020).

The results from the previously announced Phase 1 and Phase 2 simulated grade control drill programmes (refer ASX announcements 27 December 2017, 10 January 2018, 3 October 2018 and 24 October 2018) will be incorporated with this current drill programme to produce the final production ore blocks.

The results to date have indicated additional mineralisation outside the current reserve blocks in the near surface oxide material (refer Figure 2). This has likely been caused by a combination of natural processes such as supergene enrichment and the flattening of mineralised structures during the oxidation processes and the relocation of surface material by historical, artisanal mining activities.

Managing Director, Morgan Hart said: “The results to date strongly support the DFS Ore Reserve estimate in the area tested and strongly adds to our confidence in our ability to reconcile reserve grade and ounces (during operations) with the intended mining equipment type, scale of operation and grade control methodology.”

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Figure 1 | Drill Hole Plan

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Figure 2 | Drill Cross Sections of 455mN & 375mN (Local Grid) with significant intercepts

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Cambodian Gold Project Summary

Emerald’s main focus is the exploration and development of its Cambodian Gold Projects which comprise of a combination of 100% owned granted licences, applications and earn-in & joint venture agreements covering a combined area of 1,442 km². The 100% owned Okvau Gold Project (‘Okvau Gold Project’) is the Company’s most advanced project which is located approximately 275 kilometres north-east of Cambodia’s capital city of Phnom Penh in the province of Mondulkiri (refer Figures 3 and 4). The town of Kratie is located on the Mekong River approximately 90 kilometres to the west and the capital of Mondulkiri, Saen Monourom is located approximately 60 kilometres to the south-east. In May 2017, Emerald completed a Definitive Feasibility Study (‘DFS’) on the development of the Okvau Gold Project which demonstrated a robust project producing approximately 106,000 ounces of gold per annum on average over 7 years from a single open pit.

In July 2018 the Company was granted the Industrial Mining Licence covering 11.5 km² which allows for the development of the Okvau Gold Project. The Mining Licence has an initial 15-year period with the right to two renewals of up to 10-years for each renewal in accordance with Cambodian laws. The grant of the Mining Licence followed approval of the Okvau Gold Project by the Office of Council Ministers for both the rezoning of the project area to ‘Sustainable Use’ within the Phnom Prich Wildlife Sanctuary (‘PPWS’) and the granting of the Mining Licence. The rezoning of the Mining Licence area to ‘Sustainable Use’ lawfully permits commercial development under Cambodian law and follows the successful negotiation and approval by the Minister of Environment (‘MoE’) of the environmental contract (the ‘Environmental Contract’) and environmental licence (‘Environmental Licence’) in December 2017.

The Company has successfully completed the resettlement of 62 local families and site works to remove abandoned structures away from the Okvau Mining Licence area. Emerald has completed the installation of a security fence around the Project Development Area (“PDA”) to ensure the safety of personnel, visitors and wildlife. Construction of a 35 tonne bridge across the Prek Te River has now been completed with substantial completion of upgrades to the existing 50km of dirt roads and current finalisation of the construction of 14km of new road to site which will allow for all year continuous access to the Okvau site.

Topography of the tenure area is relatively flat with low relief of 80 metres to 200 metres above sea level. The Okvau Deposit and other gold occurrences within the tenure are directly associated with diorite and granodiorite intrusions and are best classed as Intrusive Related Gold mineralisation. Exploration to date has demonstrated the potential for large scale gold deposits with the geology and geochemistry analogous to other world class Intrusive Related Gold districts, in particular the Tintina Gold Belt in Alaska (Donlin Creek 38Moz, Pogo 6Moz, Fort Knox 10Moz, Livengood 20Moz).

In December 2019 the Mineral Investment Agreement (‘MIA’) was signed which provides certainty and stability of the fiscal regime for the development and operations of the Okvau Gold Project. Following confirmation of the key fiscal incentives of the MIA, the key assumptions and inputs of the DFS were reviewed resulting in a significant improvement in the NPV and IRR of the Project.

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Figure 3| Cambodian Gold Project | Location

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Figure 4| Cambodian Gold Project | Exploration Licence Areas

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Okvau Gold Project | Definitive Feasibility Study

Following the approval of the MIA by the Cambodian Council of Ministers and subsequent execution by the Minister of Mines & Energy and the Minister of Economy & Finance, Emerald reviewed key assumptions and inputs of its DFS and the financial incentives of the MIA. Based on the prevailing gold price of US$1,450/oz, and updating the key assumptions and inputs, the NPV (5%) of the Okvau Gold Project significantly improved to US$337M (A$488M) pre-tax and US$238M (A$345M) post-tax with an outstanding Internal Rate of Return (IRR) of 69% pa pre-tax and 57% post-tax. The payback of the total capital funding requirement is now expected to be 17 months pre-tax and 20 months post-tax, from first gold pour.

The significant improvement in the NPV and IRR is the result of an ongoing effort by Emerald to critically examine and pursue improvements in all aspects of the 1.14Moz at 2.0g/t Au Okvau Gold Project economics. The comparison to the NPV announced as part of the DFS is outlined at Tables 3-4. Of note, the uplift is primarily based upon a gold price of US$1,450/oz and concessions negotiated within the MIA.

An initial DFS was completed in May 2017 which was subsequently updated in November 2019 for the development of a 2.0Mtpa operation at the Okvau Gold Project and was completed to +/-15% level of accuracy (refer Table 3). The completion of the DFS fulfilled a milestone set by Emerald since becoming involved in the project in March 2016. The DFS confirms an initial operating LOM of over 7 years, producing approximately 106,000 ounces of gold per annum on average, with ore processed through a plant utilising a single stage crushing circuit and SAG mill, sulphide flotation, regrind mill followed by conventional cyanide leaching.

The estimated operating costs highlight a financially robust project with an average LOM AISC of US$731/oz. The estimated development costs are US$91M with a further US$7M in mining contractor establishment costs and pre-production mining costs. The development costs include a US$4.4M allowance for spare parts and first fills.

An updated independent JORC Indicated and Inferred Mineral Resource estimate for the Okvau Deposit of 17.7Mt grading 2.01g/t gold containing 1.141Moz (at 0.70g/t gold cut-off) was updated by independent resource consultant EGRM Consulting Pty Ltd as part of the DFS (refer Table 1).

Table 1 | Okvau Mineral Resource Estimate

Okvau Mineral Resource Estimate Okvau Mineral Resource Estimate
Indicated Resource Inferred Resource Total Resource
Cut-off Tonnage
Grade
Contained Tonnage
Grade (g/t
Contained
Tonnage Grade (g/t Contained
(Au g/t)
(Mt)
(g/t Au) Au (Koz) (Mt) Au)
Au (Koz)
(Mt) Au) Au (Koz)
0.70 15.11 2.08 1,008 2.57 1.61
133
17.68 2.01 1,141

The Project has a JORC Ore Reserve (Probable) estimate of 14.26Mt @ 1.98g/t Au for 907,000 ounces gold (refer Table 2).

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Table 2| Okvau Ore Reserve Estimate

Okvau Ore Reserve Estimate
Tonnage Grade Contained
(Mt) (g/t Au) Au (Koz)
Probable Ore Reserve 14.26Mt 1.98g/t Au 907koz

Key operating and financial outcomes of the DFS, prepared in accordance with the requirements of the JORC Code (2012 Edition), are presented in Table 3.

Table 3| DFS Economics[1]

Ore Reserve 14.3Mt @ 2.0g/t gold for 907koz contained
LOM Strip Ratio (waste t: ore t) 5.8:1
Throughput 2.0Mtpa
Life of Mine 7.2 years
Processing Recovery 84%
Recovered Ounces 762koz
Average Annual Production 106koz
Pre-production Capital Costs2 US$98M
SustainingCapital Costs3 US$23M
Gold Price US$1,250/oz US$1,450/oz
US$1,600/oz
Gross Revenue US$952M US$1,104M
US$1,219M
LOM Net Revenue(net of royalties4and refining) US$906M US$1,051M
US$1,160M
Operating Cash Flow pre-tax US$408M US$554M
US$663M
Project Cash Flow pre-tax US$290M US$435M
US$544M
NPV(5%)pre-tax US$217M US$337M
US$426M
NPV(5%)post-tax5 US$155M US$238M
US$296M
Payback pre-tax 2.2 years 1.4 years
1.2 years
Payback post-tax 2.4 years 1.7 years
1.3 years
IRR pre-tax 48% 69% pa
85%
IRR post-tax5 40% 57% pa
70%
LOM C1 Cash Costs6 US$658/oz US$658/oz
US$658/oz
LOM All-In SustainingCosts(‘AISC’)7 US$745/oz US$754/oz
US$761/oz

1 All economics are 100% attributable to Emerald.

2 Includes US$4.4M of capital spares and first fills and US$7.0M of mining capital and pre-production mining costs.

3 Includes US$14.4M of rehabilitation and closure costs.

4 Royalties include Government royalty of 3.0% gross and a third party royalty of 1.5% gross (capped to A$22.5M).

5 Taxation is based on the Mining Investment Agreement and includes tax incentives for the first 5 years.

6 C1 Cash Costs include site based mining, processing and admin operating costs plus transport and refining costs.

7 Includes C1 Cash Cost plus royalties, sustaining capital costs, contributions to environmental & community funds and rehabilitation & closure costs.

Detailed information on all aspects of Emeralds’ projects can be found on the Company’s website;

www.emeraldresources.com.au .

For further information please contact; Emerald Resources NL Morgan Hart Managing Director

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Forward Looking Statement

This document contains certain forward looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections about the industry in which Emerald Resources operates, and beliefs and assumptions regarding the Company’s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”’ “estimates”, “potential” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known or unknown risks, uncertainties and other factors, some of which are beyond the control of the Company, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, which reflect the view of Emerald Resources only as of the date of this announcement. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Emerald Resources will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

This document has been prepared in compliance with the current JORC Code 2012 Edition and the ASX listing Rules.

The Company believes that is has a reasonable basis for making the forward-looking statements in this announcement, including with respect to any production targets and financial estimates, based on the information contained in this announcement. Reference is made to ASX Announcement dated 1 May 2017. All material assumptions underpinning the production target or the forecast financial information continue to apply and have not materially changed.

100% of the production target referred to in this announcement is based on Probable Ore Reserves.

Emerald has a highly experienced management team, undoubtedly one of the best credentialed gold development teams in Australia with a proven history of developing projects successfully, quickly and cost effectively. They are a team of highly competent mining engineers and geologists who have overseen the successful development of gold projects in developing countries such as the Bonikro Gold Project in Cote d’Ivoire for Equigold NL and more recently, Regis Resources Ltd.

The Company believes it has a reasonable basis to expect to be able to fund and develop the Okvau Gold Project for the reason set out above and in this document. However, there is no certainty that the Company can raise funding when required.

Competent Persons Statements

The information in this report that relates to Exploration and Drill Results is based on information compiled by Mr Keith King, who is an employee to the Company and who is a Member of The Australasian Institute of Mining & Metallurgy. Mr Keith King has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Keith King has reviewed the contents of this release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

The information in this report that relates to Mineral Resources for the Okvau Gold Deposit was prepared by EGRM Consulting Pty Ltd, Mr Brett Gossage, who is a consultant to the Company, who is a Member of the Australasian Institute of Mining & Metallurgy (AIG), and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Gossage has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

Information in this announcement that relates to Ore Reserves for the Okvau Gold Deposit is based on, and fairly represents, information and supporting documentation prepared by Mr Glenn Williamson, an independent specialist mining consultant. Mr Williamson is a Fellow of the Australasian Institute of Mining & Metallurgy. Mr Williamson 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 (or ‘CP’) as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Williamson has reviewed the contents of this news release and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which it appears.

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Appendix One | Significant Intercepts from Drill Programme

Hole Name Easting Northing RL Azi Dip End
Depth
From To Interval Gold
(m) (m) (m) (m) (g/t)
G53001 694,516 1,396,747 143 315 -60 10 5 10 5.0 9.26
G03004 694,357 1,396,552 157 315 -60 6 0 3 3 7.35
G05001 694,286 1,396,637 156 315 -60 7 0 2 2 2.41
G05005 694,301 1,396,623 159 315 -60 11 0 3 3 1.60
G05009 694,315 1,396,609 162 315 -60 14 8 11 3 1.58
G05021 694,357 1,396,567 158 315 -60 9 8 9 1 7.75
G05023 694,364 1,396,559 156 315 -60 8 0 4 4 0.98
G07009 694,308 1,396,630 159 315 -60 14 0 3 3 0.74
G07013 694,322 1,396,616 161 315 -60 14 0 10 10 1.88
G07021 694,350 1,396,588 160 315 -60 7 0 2 2 1.24
G07025 694,364 1,396,574 157 315 -60 7 0 3 3 0.91
G07029 694,378 1,396,559 155 315 -60 11 0 4 4 0.69
G09020 694,371 1,396,581 156 315 -60 11 2 5 3 3.02
G09021 694,375 1,396,577 155 315 -60 8 0 5 5 0.81
G09022 694,378 1,396,574 155 315 -60 11 0 7 7 1.10
G09023 694,382 1,396,570 155 315 -60 8 0 8 8 0.83
G09024 694,385 1,396,567 154 315 -60 11 0 11 11 0.89
G09028 694,400 1,396,552 154 315 -60 10 8 10 2 6.56
G11010 694,382 1,396,584 154 315 -60 9 0 4 4 0.86
G11011 694,385 1,396,581 154 315 -60 11 4 7 3 0.73
G11012 694,389 1,396,577 154 315 -60 10 0 10 10 0.72
G11013 694,392 1,396,574 154 315 -60 10 0 7 7 0.75
G11014 694,396 1,396,570 153 315 -60 10 0 5 5 0.67
G11016 694,403 1,396,563 153 315 -60 10 0 9.5 9.5 1.13
G11017 694,407 1,396,559 153 315 -60 9 6 9 3 1.31
G11021 694,421 1,396,545 153 315 -60 4 0 4 4 0.86
G13002 694,357 1,396,623 149 315 -60 5 0 3 3 1.19
G13003 694,361 1,396,620 148 315 -60 5 0 5 5 1.23
G13004 694,364 1,396,616 148 315 -60 4 0 4 4 0.60
G13006 694,371 1,396,609 147 315 -60 3 0 3 3 0.65
G13010 694,385 1,396,595 149 315 -60 5 0 3 3 2.22
G13011 694,389 1,396,591 149 315 -60 5 0 5 5 1.50
G13012 694,392 1,396,588 150 315 -60 6 0 6 6 1.60
G13013 694,396 1,396,584 150 315 -60 7 0 5 5 1.22
G13015 694,403 1,396,577 152 315 -60 7 0 6 6 1.02
G13016 694,407 1,396,574 152 315 -60 9 5 8.5 3.5 1.15
G13017 694,410 1,396,570 153 315 -60 9 0 7 7 0.71
G13020 694,421 1,396,559 153 315 -60 8 0 4 4 1.11
G13022 694,428 1,396,552 152 315 -60 5 0 4 4.0 1.16
G15011 694,389 1,396,605 148 315 -60 9 8 8.5 0.5 7.60
G15013 694,396 1,396,598 148 315 -60 10 0 8 8 0.67
G15022 694,428 1,396,567 154 315 -60 13 0 6 6 1.06
G17013 694,407 1,396,602 148 315 -60 10 0 9 9 0.67
G17021 694,435 1,396,574 153 315 -60 11 0 6 6 1.29
G17025 694,449 1,396,559 150 315 -60 8 0 8 8 0.71
G19017 694,428 1,396,595 152 315 -60 3 1 3 2 3.23

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G19021 694,442 1,396,581 152 315 -60 9 0 3 3 0.66
G19025 694,456 1,396,567 150 315 -60 12 0 5 5 1.15
G19027 694,463 1,396,559 149 315 -60 9 0 4 4 0.82
G21005 694,375 1,396,662 148 315 -60 10 0 7 7 1.84
G21006 694,378 1,396,658 148 315 -60 10 0 5 5 1.05
G21007 694,382 1,396,655 147 315 -60 9 0 5 5 1.15
G21008 694,385 1,396,651 146 315 -60 9 0 6 6 1.07
G21015 694,410 1,396,627 144 315 -60 5 0 5 5 1.65
G21016 694,414 1,396,623 144 315 -60 5 1 5 4 1.01
G21017 694,417 1,396,620 144 315 -60 6 1 5 4 1.29
G21027 694,453 1,396,584 149 315 -60 8 0 8 8 1.90
G23002 694,307 1,396,743 148 315 -60 6 0 3 3 0.97
G23003 694,311 1,396,740 148 315 -60 9 0 4 4 0.67
G23004 694,314 1,396,736 148 315 -60 7 0 5 5 1.19
G23005 694,318 1,396,732 149 315 -60 10 0 3 3 0.85
G23006 694,321 1,396,729 149 315 -60 7 0 5 5 0.73
G23007 694,325 1,396,725 149 315 -60 9 0 6 6 0.64
G23008 694,328 1,396,721 149 315 -60 11 0 4 4 2.15
G23011 694,370 1,396,679 145 315 -60 6 1 5 4 1.61
G23015 694,385 1,396,665 147 315 -60 8 0 4 4 1.03
G23016 694,389 1,396,661 146 315 -60 7 0 5 5 1.23
G23017 694,392 1,396,658 145 315 -60 7 0 5 5 1.71
G23018 694,396 1,396,654 145 315 -60 6 0 6 6 2.06
G23019 694,399 1,396,651 144 315 -60 5 0 5 5 1.85
G23020 694,403 1,396,648 144 315 -60 5 0 5 5 1.50
G23021 694,406 1,396,644 144 315 -60 5 2 5 3 1.10
G23022 694,410 1,396,641 144 315 -60 5 0 5 5 0.76
G23023 694,414 1,396,637 144 315 -60 5 1 5 4 0.89
G23024 694,417 1,396,634 144 315 -60 5 2 5 3 1.14
G23041 694,339 1,396,710 147 315 -60 6 0 3 3 0.90
G23042 694,342 1,396,707 147 315 -60 7 3 6 3 0.93
G23043 694,346 1,396,703 146 315 -60 7 1 7 6 0.95
G23044 694,349 1,396,700 146 315 -60 7 1 7 6 1.02
G25003 694,317 1,396,748 148 315 -60 8 0 3 3 1.14
G25004 694,321 1,396,744 148 315 -60 9 0 4 4 0.77
G25006 694,328 1,396,738 148 315 -60 7 0 5 5 0.78
G25008 694,335 1,396,730 149 315 -60 10 0 4 4 0.79
G25014 694,356 1,396,709 145 315 -60 7 4 7 3 0.77
G25016 694,363 1,396,702 145 315 -60 6 0 4 4 0.71
G25017 694,366 1,396,699 145 315 -60 6 3 6 3 0.90
G25018 694,370 1,396,695 145 315 -60 6 3 6 3 1.02
G25019 694,373 1,396,692 145 315 -60 6 0 6 6 0.70
G25020 694,377 1,396,688 145 315 -60 6 0 6 6.0 0.77
G25021 694,380 1,396,684 145 315 -60 7 0 7 7 0.92
G25022 694,384 1,396,681 146 315 -60 7 0 6 6 0.62
G25023 694,387 1,396,677 146 315 -60 4 0 2 2 1.28
G25024 694,391 1,396,673 146 315 -60 7 0 4 4 0.76
G25027 694,402 1,396,663 145 315 -60 6 0 3 3 1.01
G25028 694,406 1,396,659 145 315 -60 6 0 6 6 1.11
G25029 694,410 1,396,656 144 315 -60 5 0 5 5 1.32

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G25030 694,413 1,396,653 144 315 -60 5 0 3 3 0.66
G25031 694,417 1,396,649 144 315 -60 5 0 5 5 0.83
G25040 694,453 1,396,613 145 315 -60 6 0 6 6 0.98
G25042 694,462 1,396,603 146 315 -60 7 0 2 2 1.00
G25046 694,477 1,396,589 146 315 -60 7 0 2 2 1.35
G25047 694,480 1,396,585 146 315 -60 4 0 4 4 1.44
G25048 694,484 1,396,582 146 315 -60 7 1 7 6 2.35
G27001 694,320 1,396,759 147 315 -60 8 0 3 3 1.46
G27002 694,324 1,396,755 147 315 -60 4 0 3 3 1.34
G27003 694,328 1,396,752 147 315 -60 9 0 3 3 0.72
G27004 694,331 1,396,748 148 315 -60 9 0 7 7 1.47
G27005 694,335 1,396,744 148 315 -60 9 0 6 6 1.94
G27006 694,338 1,396,741 148 315 -60 9 0 5 5 1.34
G27007 694,342 1,396,737 148 315 -60 10 0 4 4 1.20
G27010 694,353 1,396,726 146 315 -60 7 0 2 2 2.12
G27011 694,356 1,396,723 146 315 -60 7 1 5 4 1.17
G27013 694,364 1,396,716 144 315 -60 6 3 6 3 0.97
G27019 694,385 1,396,695 145 315 -60 6 0 4 4 0.67
G27020 694,388 1,396,691 145 315 -60 5 0 5 5 0.62
G27021 694,392 1,396,688 145 315 -60 7 0 7 7 1.17
G27022 694,395 1,396,684 146 315 -60 7 5 7 2 2.03
G27025 694,406 1,396,674 146 315 -60 7 2 7 5 2.05
G27027 694,413 1,396,667 145 315 -60 6 0 5 5 0.73
G27028 694,417 1,396,663 144 315 -60 5 0 3 3 0.93
G27029 694,420 1,396,660 144 315 -60 5 1 5 4 0.94
G27030 694,424 1,396,656 144 315 -60 5 0 5 5 0.70
G27031 694,427 1,396,653 144 315 -60 5 0 5 5 0.99
G27032 694,431 1,396,649 143 315 -60 5 0 5 5 1.30
G27037 694,449 1,396,632 144 315 -60 5 1 5 4 1.77
G27038 694,452 1,396,628 144 315 -60 5 0 5 5 1.03
G27039 694,456 1,396,625 144 315 -60 5 0 5 5 0.99
G27042 694,466 1,396,615 145 315 -60 6 2 5 3.0 1.30
G27043 694,470 1,396,611 146 315 -60 7 1 3 2 1.13
G27044 694,474 1,396,607 146 315 -60 7 1 6 5 0.69
G27046 694,480 1,396,600 146 315 -60 4 0 3 3 2.10
G27048 694,488 1,396,593 146 315 -60 7 0 3 3 1.05
G27049 694,491 1,396,590 146 315 -60 7 0 2 2 1.31
G27050 694,495 1,396,586 146 315 -60 7 0 5 5 1.58
G29004 694,342 1,396,751 146 315 -60 7 2 6 4 1.36
G29009 694,360 1,396,733 145 315 -60 7 1 7 6 0.97
G29010 694,363 1,396,730 144 315 -60 7 0 7 7 0.71
G29011 694,366 1,396,726 144 315 -60 5 0 3 3 0.90
G29013 694,373 1,396,719 144 315 -60 5 0 5 5 0.81
G29014 694,377 1,396,715 144 315 -60 5 2 5 3 0.85
G29015 694,380 1,396,712 144 315 -60 5 1 5 4 1.55
G29016 694,384 1,396,709 144 315 -60 9 0 2 2 1.18
G29017 694,388 1,396,705 144 315 -60 10 1 3 2 1.06
G29019 694,395 1,396,698 145 315 -60 12 0 6 6 2.20
G29020 694,398 1,396,695 145 315 -60 13 0 5 5 0.80
G29023 694,409 1,396,685 146 315 -60 13 9 12 3.0 0.90

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==> picture [137 x 33] intentionally omitted <==

G29026 694,420 1,396,674 145 315 -60 6 0 6 6 1.26
G29027 694,424 1,396,670 144 315 -60 10 0 10 10 0.88
G29028 694,427 1,396,667 143 315 -60 10 0 4 4.0 0.89
G29029 694,431 1,396,663 143 315 -60 9 0 6 6 1.07
G29030 694,434 1,396,660 143 315 -60 10 0 9 9 1.02
G29031 694,438 1,396,657 143 315 -60 10 0 4 4 0.73
G29036 694,455 1,396,639 143 315 -60 6 1 3 2 1.05
G29037 694,459 1,396,635 143 315 -60 9 0 8 8 1.19
G29038 694,462 1,396,632 143 315 -60 10 0 10 10 0.81
G29040 694,469 1,396,625 144 315 -60 10 7 8 1 2.27
G29043 694,480 1,396,614 145 315 -60 4 0 3 3 0.74
G31013 694,354 1,396,754 145 315 -60 7 0 4 4 0.91
G31014 694,357 1,396,750 145 315 -60 7 0 7 7 1.36
G31021 694,385 1,396,722 144 315 -60 11 0 3 3 1.63
G31022 694,391 1,396,716 144 315 -60 8 0 6 6 2.42
G31023 694,394 1,396,712 144 315 -60 11 0 3 3 1.25
G31024 694,398 1,396,709 145 315 -60 11 0 10 10 0.91
G31025 694,402 1,396,705 145 315 -60 12 0 12 12 0.73
G31026 694,405 1,396,702 145 315 -60 13 0 8 8 1.03
G31027 694,409 1,396,698 146 315 -60 13 0 5 5 1.38
G31028 694,412 1,396,695 146 315 -60 13 0 4 4 1.43
G31029 694,416 1,396,691 146 315 -60 14 0 2 2 2.10
G31030 694,420 1,396,688 146 315 -60 13 8 9 1 2.43
G31033 694,430 1,396,677 144 315 -60 11 0 5 5 1.66
G31034 694,434 1,396,674 143 315 -60 10 0 5 5 1.39
G31035 694,438 1,396,671 143 315 -60 10 0 6 6 0.85
G31036 694,441 1,396,667 143 315 -60 10 0 9 9 1.23
G31037 694,445 1,396,663 143 315 -60 10 0 10 10 0.94
G31042 694,462 1,396,646 143 315 -60 9 0 5 5 2.14
G31043 694,466 1,396,642 143 315 -60 9 0 5 5 0.73
G31044 694,469 1,396,638 143 315 -60 10 0 5 5 0.91
G31047 694,388 1,396,719 144 315 -60 8 0 7 7 1.55
G33023 694,391 1,396,730 144 315 -60 10 1 3 2 1.60
G33024 694,395 1,396,726 144 315 -60 10 0 7 7 1.43
G33025 694,398 1,396,723 144 315 -60 10 0 2 2 1.63
G33026 694,402 1,396,719 144 315 -60 10 0 8 8 1.59
G33027 694,406 1,396,715 145 315 -60 11 0 11 11 0.90
G33028 694,409 1,396,712 145 315 -60 12 0 12 12 1.37
G33029 694,413 1,396,710 145 315 -60 13 0 5 5 0.85
G33031 694,421 1,396,703 146 315 -60 13 0 3 3 0.82
G33032 694,424 1,396,698 146 315 -60 13 1 7 6 0.70
G33033 694,427 1,396,695 146 315 -60 13 0 3 3 2.10
G33034 694,430 1,396,691 145 315 -60 12 0 3 3 1.33
G33035 694,434 1,396,688 145 315 -60 12 0 4 4 0.84
G33036 694,438 1,396,684 144 315 -60 11 7 8 1 3.77
G33037 694,441 1,396,681 143 315 -60 10 0 9 9 1.11
G33038 694,445 1,396,677 143 315 -60 10 3 6 3 1.21
G35008 694,346 1,396,790 143 315 -60 7 6 6.5 0.5 59.50
G35009 694,349 1,396,787 143 315 -60 7 0 4 4 1.84
G35024 694,402 1,396,734 144 315 -60 11 0 2 2 1.14

Page 10 of 20

==> picture [137 x 33] intentionally omitted <==

G35025 694,406 1,396,730 144 315 -60 9 0 6 6 1.22
G35026 694,409 1,396,726 144 315 -60 10 0 5 5 1.23
G35027 694,413 1,396,723 144 315 -60 11 0 11 11 0.93
G35028 694,416 1,396,720 145 315 -60 12 10 12 2 1.98
G35028 694,416 1,396,720 145 315 -60 12 0 2 2 1.77
G35030 694,423 1,396,713 145 315 -60 11 0 4 4 0.65
G35031 694,427 1,396,709 145 315 -60 12 1 4 3 1.59
G35032 694,430 1,396,706 145 315 -60 12 0 4 4 1.68
G35033 694,434 1,396,702 145 315 -60 12 0 7 7 1.83
G35038 694,452 1,396,684 143 315 -60 9 0 5 5 0.96
G35039 694,456 1,396,680 143 315 -60 9 1 9 8 1.50
G35045 694,480 1,396,657 142 315 -60 7 0 4 4 0.80
G35046 694,483 1,396,653 143 315 -60 9 2 9 7 0.65
G35047 694,487 1,396,649 143 315 -60 9 1 9 8 0.84
G35048 694,490 1,396,646 143 315 -60 9 0 5 5 0.60
G37003 694,341 1,396,808 143 315 -60 7 0 1 1 2.69
G37005 694,349 1,396,801 142 315 -60 5 0 4 4 1.01
G37006 694,352 1,396,797 143 315 -60 6 0 6 6 0.57
G37007 694,357 1,396,794 143 315 -60 7 0 3 3 1.25
G37008 694,360 1,396,790 142 315 -60 5 0 4 4 1.31
G37011 694,371 1,396,780 142 315 -60 5 0 5 5 1.02
G37012 694,374 1,396,776 142 315 -60 5 0 4 4 1.63
G37013 694,378 1,396,773 142 315 -60 6 0 6 6 0.81
G37014 694,381 1,396,768 142 315 -60 6 0 4 4 1.23
G37015 694,389 1,396,761 144 315 -60 8 0 7.5 7.5 2.81
G37016 694,395 1,396,755 144 315 -60 11 0 6 6 1.94
G37020 694,409 1,396,741 144 315 -60 11 0 6 6 3.37
G37021 694,413 1,396,737 144 315 -60 9 0 6 6 1.75
G37022 694,417 1,396,733 144 315 -60 11 0 8 8 1.80
G37023 694,420 1,396,730 144 315 -60 11 0 8 8 0.77
G37024 694,424 1,396,726 144 315 -60 11 10 11 1 2.35
G37024 694,424 1,396,726 144 315 -60 11 0 3 3 0.65
G37025 694,428 1,396,722 144 315 -60 11 0 7 7 0.63
G37028 694,437 1,396,713 145 315 -60 11 0 3 3 0.84
G37029 694,441 1,396,709 144 315 -60 11 0 6 6 1.42
G37030 694,445 1,396,706 144 315 -60 11 0 3 3 0.74
G37031 694,448 1,396,702 143 315 -60 10 3 5 2 1.61
G37034 694,459 1,396,692 142 315 -60 9 0 4 4 0.83
G37035 694,465 1,396,684 142 315 -60 9 0 9 9 0.86
G37043 694,494 1,396,657 143 315 -60 9 0 7 7 0.82
G37045 694,501 1,396,649 144 315 -60 10 0 2 2 1.24
G37046 694,505 1,396,646 144 315 -60 7 0 2 2 1.36
G37048 694,511 1,396,639 144 315 -60 10 0 3 3.0 0.84
G37049 694,385 1,396,764 143 315 -60 7 0 5 5 1.01
G37050 694,462 1,396,688 142 315 -60 9 0 4 4 1.22
G39003 694,341 1,396,822 142 315 -60 6 0 6 6 0.86
G39004 694,345 1,396,819 142 315 -60 6 0 4 4 1.16
G39007 694,360 1,396,804 141 315 -60 5 0 5 5 0.86
G39008 694,364 1,396,801 141 315 -60 5 1 3 2 1.40
G39009 694,367 1,396,797 141 315 -60 5 1 5 4 1.13

Page 11 of 20

==> picture [137 x 33] intentionally omitted <==

G39012 694,381 1,396,783 142 315 -60 6 0 5.5 5.5 0.81
G39013 694,384 1,396,779 142 315 -60 8 1 3 2 1.15
G39015 694,392 1,396,771 143 315 -60 9 0 4 4 1.06
G39016 694,395 1,396,769 143 315 -60 10 0 8 8 1.22
G39017 694,399 1,396,766 144 315 -60 11 0 7 7 1.34
G39018 694,403 1,396,762 145 315 -60 12 0 2 2 2.81
G39019 694,407 1,396,758 145 315 -60 12 0 2 2 2.70
G39022 694,416 1,396,749 145 315 -60 11 0 3 3 1.19
G39023 694,420 1,396,744 144 315 -60 11 1 2 1 4.76
G39025 694,428 1,396,737 144 315 -60 11 0 4 4 1.29
G39026 694,431 1,396,733 144 315 -60 11 0 8 8 0.86
G39027 694,435 1,396,730 144 315 -60 11 0 8 8 0.79
G39028 694,438 1,396,726 144 315 -60 11 0 6 6 0.97
G39029 694,442 1,396,722 144 315 -60 11 0 9 9 0.58
G39030 694,444 1,396,720 144 315 -60 11 0 2 2 13.78
G39031 694,448 1,396,717 144 315 -60 11 0 5 5 2.77
G39032 694,452 1,396,713 143 315 -60 10 0 10 10 2.75
G39033 694,456 1,396,709 142 315 -60 9 0 4 4 2.59
G39034 694,460 1,396,705 142 315 -60 9 0 3 3 0.68
G39035 694,463 1,396,702 142 315 -60 9 0 3 3 1.43
G39036 694,467 1,396,698 142 315 -60 9 0 6 6 0.83
G39037 694,469 1,396,695 142 315 -60 9 0 6 6 1.12
G39038 694,472 1,396,691 142 315 -60 9 0 5 5 1.01
G39049 694,511 1,396,653 144 315 -60 8 4 5 1 2.73
G39050 694,515 1,396,649 144 315 -60 10 0 6 6 2.52
G39052 694,522 1,396,642 145 315 -60 8 0 4 4 1.26
G39053 694,353 1,396,812 141 315 -60 5 3 5 2.0 1.01
G40002 694,343 1,396,828 142 315 -60 8 4 7 3 0.89
G40003 694,350 1,396,821 141 315 -60 7 3 5 2 1.47
G40004 694,354 1,396,818 141 315 -60 7 0 7 7 1.18
G40006 694,364 1,396,807 141 315 -60 7 0 6 6 0.86
G40007 694,371 1,396,800 141 315 -60 6 0 6 6 0.82
G40009 694,382 1,396,789 142 315 -60 8 0 3 3 0.77
G40010 694,385 1,396,786 142 315 -60 9 0 4 4 0.95
G40011 694,389 1,396,782 143 315 -60 8 0 3 3 1.09
G40012 694,392 1,396,779 143 315 -60 8 0 6 6 0.98
G40013 694,396 1,396,775 143 315 -60 10 0 10 10 0.80
G40014 694,400 1,396,772 144 315 -60 11 0 10 10 1.26
G40016 694,407 1,396,765 145 315 -60 11 0 3 3 1.88
G40017 694,415 1,396,757 145 315 -60 11 6 7 1 3.49
G40019 694,429 1,396,742 144 315 -60 10 0 2 2 1.60
G40020 694,436 1,396,736 144 315 -60 11 0 9 9 0.74
G40021 694,442 1,396,729 144 315 -60 11 0 4 4 0.65
G40022 694,450 1,396,721 144 315 -60 11 0 8 8 0.68
G40023 694,456 1,396,715 143 315 -60 9 0 6 6 0.94
G40024 694,463 1,396,708 142 315 -60 9 0 4 4 0.62
G40025 694,471 1,396,700 142 315 -60 9 0 8 8 0.77
G40026 694,477 1,396,694 142 315 -60 9 0 5 5 0.74
G41006 694,346 1,396,833 142 315 -60 8 2 7.5 5.5 1.06
G41007 694,349 1,396,829 141 315 -60 8 4 8 4.0 1.32

Page 12 of 20

==> picture [137 x 33] intentionally omitted <==

G41008 694,353 1,396,825 141 315 -60 8 0 8 8 2.45
G41014 694,374 1,396,804 141 315 -60 8 0 3 3 0.87
G41017 694,385 1,396,794 142 315 -60 8 0 5 5 1.52
G41018 694,388 1,396,790 142 315 -60 9 0 9 9 1.03
G41019 694,391 1,396,787 143 315 -60 10 0 3 3 2.09
G41020 694,399 1,396,779 144 315 -60 10 0 7 7 0.91
G41021 694,402 1,396,776 144 315 -60 11 0 10 10 2.62
G41022 694,406 1,396,773 144 315 -60 11 1 6 5 0.77
G41023 694,410 1,396,769 145 315 -60 12 0 6 6 2.05
G41024 694,413 1,396,765 145 315 -60 12 0 1 1 3.09
G41025 694,417 1,396,761 145 315 -60 12 0 3 3 1.40
G41026 694,420 1,396,758 145 315 -60 10 1 7 6 2.74
G41027 694,424 1,396,754 144 315 -60 10 0 5 5 1.49
G41028 694,426 1,396,751 144 315 -60 10 0 7 7 1.66
G41029 694,430 1,396,748 144 315 -60 11 9 11 2 2.91
G41030 694,433 1,396,744 144 315 -60 10 0 3 3 1.56
G41031 694,438 1,396,741 144 315 -60 11 0 8 8 0.88
G41032 694,441 1,396,737 144 315 -60 11 0 11 11 0.92
G41033 694,445 1,396,734 144 315 -60 11 0 3 3 1.13
G41034 694,449 1,396,730 144 315 -60 10 0 3 3 0.80
G41035 694,451 1,396,728 144 315 -60 11 0 2 2 2.71
G41036 694,455 1,396,724 143 315 -60 10 1 9 8 1.26
G41037 694,459 1,396,720 143 315 -60 10 0 5 5 1.43
G41038 694,463 1,396,716 142 315 -60 9 0 6 6 2.19
G41041 694,473 1,396,705 142 315 -60 9 0 5 5 1.11
G41042 694,477 1,396,702 142 315 -60 9 0 5 5 0.88
G41043 694,480 1,396,698 142 315 -60 9 0 7 7 0.87
G41044 694,484 1,396,695 142 315 -60 9 0 4 4 0.75
G41045 694,487 1,396,691 142 315 -60 9 0 7 7 4.40
G41047 694,498 1,396,681 142 315 -60 9 0 8 8 0.72
G41053 694,519 1,396,660 143 315 -60 10 1 6 5 1.15
G41054 694,522 1,396,656 144 315 -60 10 0 4 4 1.20
G41056 694,529 1,396,649 144 315 -60 11 0 2 2 1.03
G41058 694,343 1,396,835 142 315 -60 5 0 5 5 1.53
G41059 694,395 1,396,783 143 315 -60 9 0 4 4 0.83
G41060 694,490 1,396,688 142 315 -60 9 0 3 3 1.08
G42003 694,339 1,396,846 142 315 -60 6 5 6 1 2.15
G42004 694,346 1,396,839 142 315 -60 4 3 4 1 2.41
G42006 694,354 1,396,832 141 315 -60 8 0 8 8 1.16
G42007 694,357 1,396,828 141 315 -60 7 0 7 7 1.59
G42008 694,361 1,396,825 141 315 -60 7 0 7 7 1.64
G42009 694,368 1,396,818 141 315 -60 7 0 7 7 0.80
G42010 694,374 1,396,811 142 315 -60 8 0 5 5 1.25
G42012 694,389 1,396,796 142 315 -60 9 0 9 9 2.25
G42013 694,396 1,396,789 143 315 -60 9 0 6 6 2.14
G42014 694,403 1,396,782 144 315 -60 10 0 9 9 0.87
G42015 694,410 1,396,775 144 315 -60 10 0 3 3 1.13
G42019 694,432 1,396,753 144 315 -60 9 7 9 2 3.08
G42020 694,438 1,396,747 144 315 -60 9 0 2 2 2.12
G42021 694,442 1,396,743 144 315 -60 11 0 9 9 0.72

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==> picture [137 x 33] intentionally omitted <==

G42022 694,445 1,396,740 144 315 -60 11 0 5 5 1.17
G42023 694,453 1,396,733 144 315 -60 10 0 6 6 0.95
G42024 694,460 1,396,726 143 315 -60 9 0 6 6 1.78
G42025 694,467 1,396,719 142 315 -60 9 0 8 8 0.91
G42026 694,474 1,396,711 142 315 -60 8 0 3 3 0.74
G43006 694,332 1,396,859 142 315 -60 6 0 5 5 0.94
G43008 694,340 1,396,852 142 315 -60 7 4 5 1.0 2.51
G43012 694,354 1,396,838 141 315 -60 8 3 8 5 2.53
G43013 694,358 1,396,835 141 315 -60 7 0 7 7 0.93
G43014 694,361 1,396,831 141 315 -60 8 0 8 8 1.15
G43015 694,365 1,396,828 141 315 -60 7 0 7 7 1.58
G43016 694,369 1,396,824 141 315 -60 6 0 6 6 0.79
G43017 694,372 1,396,820 141 315 -60 8 0 8 8 0.98
G43018 694,375 1,396,817 141 315 -60 8 0 8 8 0.91
G43019 694,379 1,396,813 142 315 -60 8 0 4 4 0.95
G43022 694,390 1,396,802 143 315 -60 9 0 2 2 1.34
G43023 694,393 1,396,799 143 315 -60 10 0 4 4 2.41
G43024 694,399 1,396,794 143 315 -60 10 0 4 4 1.62
G43025 694,403 1,396,790 143 315 -60 10 4 7 3 0.65
G43026 694,407 1,396,786 143 315 -60 10 0 8 8 0.59
G43027 694,410 1,396,783 144 315 -60 10 7 10 3 0.69
G43028 694,413 1,396,780 144 315 -60 11 0 3 3 0.71
G43031 694,424 1,396,769 144 315 -60 9 0 6 6 1.74
G43033 694,431 1,396,762 145 315 -60 9 0 1 1 2.03
G43035 694,437 1,396,756 144 315 -60 10 0 1 1 2.54
G43036 694,441 1,396,752 144 315 -60 11 0 3 3 1.27
G43037 694,444 1,396,748 144 315 -60 10 0 9 9 0.81
G43038 694,447 1,396,744 144 315 -60 11 0 7 7 1.47
G43039 694,451 1,396,741 144 315 -60 10 0 4 4 1.60
G43040 694,455 1,396,738 144 315 -60 10 3 9 6 1.18
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G43042 694,462 1,396,731 143 315 -60 10 0 10 10 1.55
G43043 694,466 1,396,726 143 315 -60 9 0 8 8 2.78
G43044 694,470 1,396,723 142 315 -60 9 0 6 6 2.13
G43045 694,473 1,396,720 142 315 -60 9 0 5 5 1.07
G43046 694,477 1,396,716 142 315 -60 9 2 5 3 1.17
G43047 694,480 1,396,713 142 315 -60 9 0 5 5 0.84
G43048 694,484 1,396,709 142 315 -60 9 0 4 4 1.10
G43049 694,487 1,396,705 142 315 -60 9 0 3 3 0.90
G43050 694,491 1,396,702 142 315 -60 9 0 8 8 1.12
G43051 694,494 1,396,698 142 315 -60 9 4 5 1 4.22
G43053 694,502 1,396,691 143 315 -60 9 0 7 7 0.98
G43054 694,505 1,396,688 142 315 -60 9 0 9 9 1.55
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G43062 694,533 1,396,660 144 315 -60 11 3 10 7 4.96
G43063 694,396 1,396,796 143 315 -60 10 0 5 5 3.34

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==> picture [137 x 33] intentionally omitted <==

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G45020 694,473 1,396,734 142 315 -60 9 0 5 5 0.99
G45021 694,477 1,396,730 142 315 -60 6 0 5 5 1.79
G45022 694,480 1,396,727 142 315 -60 8 0 4 4 1.07
G45023 694,484 1,396,724 142 315 -60 8 1 8 7 0.99
G45024 694,487 1,396,720 142 315 -60 8 0 7 7 1.17
G45025 694,491 1,396,716 142 315 -60 8 0 6 6 0.94
G45026 694,494 1,396,713 142 315 -60 8 0 5 5 1.27
G45030 694,508 1,396,699 142 315 -60 9 0 9 9 3.53
G45031 694,512 1,396,695 142 315 -60 9 2 9 7 1.48
G45035 694,525 1,396,681 143 315 -60 8 3 8 5 1.12
G45036 694,529 1,396,677 143 315 -60 10 1 10 9 0.86
G45037 694,533 1,396,674 143 315 -60 10 2 10 8 1.26
G45038 694,536 1,396,670 144 315 -60 10 1 9 8 0.86
G47001 694,481 1,396,740 141 315 -60 8 0 8 8 0.96
G47003 694,488 1,396,733 142 315 -60 8 0 6 6 1.53
G47007 694,502 1,396,719 142 315 -60 8 1 8 7 1.91
G47008 694,506 1,396,715 142 315 -60 9 0 3 3 0.81

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G47009 694,509 1,396,712 143 315 -60 9 0 9 9 4.82
G47010 694,513 1,396,708 143 315 -60 9 0 9 9 3.70
G47011 694,516 1,396,705 143 315 -60 9 0 9 9 4.06
G47012 694,520 1,396,701 143 315 -60 9 0 6 6 1.76
G49001 694,492 1,396,744 140 315 -60 7 0 6 6 2.10
G49002 694,495 1,396,740 141 315 -60 7 6 7 1 3.94
G49003 694,499 1,396,737 142 315 -60 8 1 8 7 2.24
G49004 694,502 1,396,733 142 315 -60 9 2 8 6 0.91
G49005 694,506 1,396,729 142 315 -60 9 0 9 9 1.40
G49006 694,509 1,396,726 142 315 -60 9 0 1 1 17.90
G49008 694,516 1,396,719 143 315 -60 9 0 6 6 1.83
G49009 694,520 1,396,715 143 315 -60 10 0 9 9 1.54
G49010 694,523 1,396,712 143 315 -60 10 0 10 10 2.52
G49011 694,527 1,396,708 143 315 -60 10 0 6 6 2.08
G49012 694,530 1,396,704 143 315 -60 10 6 7 1.0 2.02
G51001 694,506 1,396,744 142 315 -60 9 1 7 6 1.80
G51002 694,510 1,396,740 142 315 -60 9 0 9 9 1.48
G51003 694,513 1,396,737 142 315 -60 9 5 9 4 1.79
G51009 694,534 1,396,715 144 315 -60 10 0 9 9 0.99
G53003 694,523 1,396,740 144 315 -60 7 0 1 1 2.74
G53004 694,527 1,396,736 144 315 -60 11 0 4 4 0.94

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Appendix Two | JORC Code, 2012 Edition | ‘Table 1’ Report

Section 1 Sampling Techniques and Data

Section 1 Sampling Techniques and Data
(Criteria in this section applyto all succeedingsections).
Criteria
JORC Code explanation
Commentary
(Criteria in this section applyto all succeedingsections).
Criteria
JORC Code explanation
(Criteria in this section applyto all succeedingsections).
Criteria
JORC Code explanation
(Criteria in this section applyto all succeedingsections).
Criteria
JORC Code explanation
(Criteria in this section applyto all succeedingsections).
Criteria
JORC Code explanation
(Criteria in this section applyto all succeedingsections).
Criteria
JORC Code explanation
Criteria JORC Code explanation Commentary
Sampling techniques
Nature and quality of sampling (e.g. 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 (eg ‘reverse circulation drilling was used to
obtain 1 m samples from which 3 kg was pulverised to produce a
30g charge for fire assay’). In other cases, more explanation may
be required, such as where there is coarse gold that has inherent
sampling problems. Unusual commodities or mineralisation types
(eg submarine nodules) may warrant disclosure of detailed
information.

For the drill programme, air core (AC) drilling is used to collect
1m samples these are split with a cone splitter at the drill rig to
produce a 3-5kg sub-sample.

Drilling sample preparation is carried out at a commercial off-
site laboratory (ALS Phnom Penh). Gold assays are conducted at
ALS Vientiane, Laos utilising a 50gram subsample of 85%
passing 75µm pulped sample using Fire Assay with AAS finish on
and Aqua Regia digest of the lead collection button. Multi-
element assay is completed at ALS, Perth, Australia on a 1g pulp
subsample digested by Aqua Regia and determined by ICP-AES
or ICP-MS for lowest available detection for the respective
element.

Oxide matrix standards, field duplicates and pulp blanks are
inserted in sample batches to test laboratory performance.
Drilling techniques
Drill type (eg 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).

A track mounted UDR650 multipurpose drill rig is used to drill 5.5-
inch AC holes.
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.

All AC 1m samples and sub-samples (pre- and post-split) are
weighed at the rig, to check that there is adequate sample
material for assay. Any wet or damp samples are noted and
that information is recorded in the database; samples are
usually dry.
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.

All AC drill chips are routinely logged (qualitatively) by a
geologist, to record details of regolith (oxidation), lithology,
structure, mineralization and/or veining, and alteration. In
addition, the magnetic susceptibility of all samples is routinely
measured. All logging and sampling data are captured into a
database, with appropriate validation and security features.
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.

Most AC samples are dry and there is no likelihood of
compromised results due to moisture.

All types of samples are prepared for assay at the NATA
accredited ALS Cambodia sample preparation facility in Phnom
Penh; and that facility has been inspected, at the request of
Renaissance, numerous times and most recently by Mr Brett
Gossage, Mr Keith King and Mr Morgan Hart in Dec 2016.
Samples are dried for a minimum of 12 hours at 105˚C;

AC samples are split to 1kg and pulverized in an Essa LM2 Ring
Mill. A standard >85% pass rate is achieved (with particle size
analysis performed on every tenth sample as a check).

Field duplicate samples are collected at an AC drill rig to monitor
sampling precision.

This sample technique is industry norm, and is deemed
appropriate for the material.
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 (eg standards,
blanks, duplicates, external laboratory checks) and whether
acceptable levels of accuracy (ie lack of bias) and precision have
been established.

All drill samples are sent to the NATA accredited ALS Laboratory
in Vientiane, Laos, for fire assay (Au-AA25: 30g ore grade
method, total extraction by fusion, with an AA finish). Samples
reporting >100ppm upper detection limit are repeated by Au-
AAGRA22 method, Graphite furnace with gravimetric finish.

Samples are sent to the similarly accredited ALS Lab in Brisbane,
Australia and ALS Lab Perth, Australia, for multi-element ICP
analysis, after partial extraction by aqua regia digest ME-MS42:
ICP-MS for Ag, As, Bi, Sb, Te, Hg and Cu by ME-MS-41 ICP-AES.

Fire assay is considered a total gold assay.

The Au-AA25 method has a lower detection limit of 0.01g/t
gold.

All magnetic susceptibility measurements of drill samples are
made with a Terraplus KT-10 magnetic susceptibility meter.

An appropriate sample preparation and analytical quality
control programme confirms that the gold fire assay values are
of acceptablequalityto underpin mineral resource estimation.

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Criteria JORC Code explanation Commentary

Industry-standard QAQC protocols are routinely followed for
all sample batches sent for assay, which includes the insertion of
commercially available pulp CRMs and pulp blanks into all
batches - usually 1 of each for every 20 field samples.
Additional blanks used are home-made from barren quarry
basalt. QAQC data are routinely checked before any
associated assay results are reviewed for interpretation, and
any problems are investigated before results are released to
the market - no issues were raised with the results reported
here.

All assay data, including internal and external QA/QC data
and control charts of standard, replicate and duplicate assay
results,are communicated electronically.
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 anyadjustment to assaydata.

The calculations of all significant intercepts (for drill holes) are
routinely checked by senior management.

All field data associated with drilling and sampling, and all
associated assay and analytical results, are archived in a
relational database, with industry-standard verification
protocols and security measures in place.
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.

Drill hole collar locations are first surveyed with a hand-held
GPS instrument (which generates relatively inaccurate RL
values). The locations of all holes used in Mineral Resource
estimates are verified or amended by survey using a
differential GPS by and external contractor with excellent
accuracy in all dimensions using a local base station reference).
All locations are surveyed to the Indian 1960 Zone 48N UTM
grid. Collar coordinates are routinely converted to a local grid
(local N is approx. equivalent to UTM 045˚), with an
appropriate transformation about a common point - to simplify
the interpretation of drill cross sections.

Down-hole surveys are routinely undertaken at 25-30m intervals
for all types of drilling, using a single-shot or multi-shot REFLEX
survey tool (operated by the driller and checked by the
supervising geologist).
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 compositinghas been applied.

This drill spacing is considered to be sufficient to establish
geological and grade continuity appropriate for the
declaration of estimates of resources.

No samples within a “zone of interest” are ever composited.
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 holes are usually designed to intersect target structures with
a “close-to-orthogonal” intercept.

Most of the drill holes intersect the mineralised zones at
sufficient angle for the risk of significant sampling orientation
bias to be low.
Sample security
The measures taken to ensure sample security.

The chain of custody for all drill samples from the drill rig to the
ALS Sample Preparation facility in Phnom Penh is managed by
Renaissance personnel. AC drill samples are transported from
the drill site to the Okvau field camp, where they are logged
and all samples are batched up for shipment to Phnom Penh.

Sample submission forms are sent to the ALS Sample Prep
facility in paper form (with the samples themselves) and also as
an electronic copy. Delivered samples are reconciled with the
batch submission form prior to the commencement of any sample
preparation.

ALS is responsible for shipping sample pulps from Phnom Penh
to the analytical laboratories in Vientiane, Brisbane and Perth
and all samples are tracked via their Global Enterprise
Management System.

All bulk residues are stored permanently at the ALS laboratory
in Vientiane.
Audits or reviews
The results of any audits or reviews of sampling techniques and
data.

All QAQC data are reviewed routinely, batch by batch, and on
a quarterly basis to conduct trend analyses, etc. Any issues
arising are dealt with immediately and problems resolved
before results are interpreted and/or reported.

Comprehensive QAQC audits have been conducted on this
project by Duncan Hackman (August 2009, February 2010 &
November 2011), SRK (February 2013) and Nola Hackman
(January 2014), Wolfe (July 2015).

Mr Brett Gossage reviewed the data used in the Okvau
Resource up to December 2016 and concluded that there are
no concerns about dataquality.

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Section 2 Reporting of Exploration Results

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

Criteria 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 Okvau drill programme is located within the Okvau
exclusivity licence and within the 11.5km2that is currently under
the application for an Industrial Mining Licence. Both the licences
are held or applied for (100%) in the name of Renaissance
Minerals (Cambodia) Limited which is a wholly owned subsidiary
of Emerald Resources NL.

Industrial Mining Licence was issued on 27thJune 2018.

Tenure is considered secure.
Exploration done by
other parties

Acknowledgment and appraisal of exploration by other parties.

Renaissance Minerals (Cambodia) Ltd was formerly named OZ
Minerals (Cambodia) Ltd, a 100% owned subsidiary of OZ
Minerals Ltd. OZ Minerals was formed in 2009 by the merger
of Oxiana Ltd (who initiated the Okvau Project) and Zinifex.

Oxiana and OZ Minerals completed the following work at
Okvau between 2006 and 2011: a resource drill-out of the
Okvau deposit; plus, a regional geological interpretation of
Landsat imagery; stream sediment geochemistry, with some soil
sampling follow-up; airborne magnetic and radiometric surveys
over both ELs, and various ground geophysical surveys (including
gradient array IP); geological mapping and trenching; and the
initial drill testingof various exploration targets.
Geology
Deposit type, geological setting and style of mineralisation.

The Okvau deposit is interpreted as an “intrusion-related gold
system”. It is hosted mostly in Cretaceous age diorite and, to a
lesser extent, in surrounding hornfels (metamorphosed, fine-
grained clastic sediments). Gold mineralization is hosted within a
complex array of sulphide veins, which strike northeast to east-
west, and dip at shallow to moderately steep angles, to the
south and southeast.

Mineralisation is structurally controlled and mostly confined to
the diorite. The highest-grade intersections generally occur at the
diorite-hornfels contact.

The host diorite at Okvau is one of numerous similar Cretaceous-
aged intrusions in eastern Cambodia, which are believed to be
related to an ancient subduction zone that was located to the
east, off the coast of current Vietnam.
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:
-
easting and northing of the drill hole collar;
-
elevation or RL (Reduced Level – elevation above sea
level in metres) of the drill hole collar;
-
dip and azimuth of the hole;
-
down hole length and interception depth;
-
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.

Details of significant drilling results are shown in Appendix One.
Data aggregation
methods

In reporting Exploration Results, weighting averaging techniques,
maximum and/or minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material and should be
stated.

Where aggregate intercepts incorporate short lengths of high
grade results and longer lengths of low grade results, the
procedure used for such aggregation should be stated and some
typical examples of such aggregations should be shown in
detail.

The assumptions used for any reporting of metal equivalent
values should be clearlystated.

Drill intercepts are identified at a 0.5g/t Au cut-off grade, with
a continuous internal dilution of 4m (in any single zone of waste).
A weighted average grade is calculated as the sum of the
products of sample length and grade for each sample in the
relevant interval, divided by the total length of the interval. All
intercepts reported have a value greater than 2 gram metres.

No high grade top cuts have been applied.

No rounding has been applied.

All results reported are gold only.
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’).

Most of the drill holes intersect the mineralised zones at sufficient
angle for the risk of significant sampling orientation bias to be
low.

The drill programme was planned with a consistent dip and
azimuth (-60 degrees towards 315) due to floor conditions, some
holes were drilled with a vertical dip.
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.

Appropriate maps and sections are included in the body of this
release.
Balanced reporting
Where comprehensive reporting of all Exploration Results is not
practicable,representative reportingof both low and high

All significant drilling results being intersections with a minimum 2
gram metre values are reported in Appendix One.

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Criteria Explanation Commentary
grades and/or widths should be practiced to avoid misleading
reportingof Exploration Results.
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 survey results; bulk
samples – size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating substances.

Surface geological mapping and detailed structural studies have
helped inform the geological model of the Okvau Deposit.

The Company completed a Definitive Feasibility Study in May
2017 which was subsequently updated in November 2019. The
DFS included metallurgical, geotechnical and hydrological
studies.
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 commerciallysensitive.

Further drilling is being undertaken at the Okvau Deposit,
including infill drilling and extensional drilling to test lateral and
depth extensions of the known mineralisation.

Further drilling will be undertaken to test new regional targets,
as potential is recognized.

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