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EMERALD RESOURCES NL Capital/Financing Update 2022

Oct 6, 2022

64849_rns_2022-10-06_76b7b3a7-709c-4f8b-941c-a6a9565b9f34.pdf

Capital/Financing Update

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ASX Announcement & Media Release

7 October 2022

Fast Facts

ASX Code: EMR Shares on issue: 593,500,983 Market Cap: ~A$682 million Cash: A$43.0 million (at 30 June 2022) Bullion: A$15.8 million (at 30 June 2022)

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Significant Gold Exploration Results Continue at Okvau and Bullseye Prospects

Highlights

Okvau Gold Project (EMR 100%)

Board & Management

Simon Lee AO, Non-Executive Chairman Morgan Hart, Managing Director Mick Evans, Executive Director Ross Stanley, Non-Executive Director Billie Slott, Non-Executive Director Michael Bowen, Non-Executive Director Jay Hughes, Non-Executive Director Mark Clements, Non-Executive Director and Company Secretary Bernie Cleary, Operations Manager

Ongoing extensional drilling at Okvau continues to deliver significant gold mineralisation, in close proximity to existing resources including:

  • 10m @ 14.17g/t Au from 258m including 5m @ 23.26g/t from 258m (RCDD22OKV449).

The Company has commenced an update of the Okvau Gold Project’s Resource and Reserve. Recent results to be included, with the following intersections located outside the current Okvau Indicated Resource include:

  • 3m @ 14.28g/t Au from 432m (DD16OKV372); (refer ASX release 28 April 2017)

  • 6m @ 9.70g/t Au from 520m (DD16OKV373); (refer ASX release 28 April 2017)

Company Highlights

  • First mover in an emerging gold province in Cambodia;

  • Okvau Deposit: Indicated and Inferred Mineral Resource Estimate of 1.06Moz at

  • 15m @ 11.92g/t Au from 143m (RC19OKV390); (refer ASX release 2 July 2019)

  • 8m @ 19.98g/t Au from 172m (RC19OKV397); (refer ASX release 2 July 2019)

  • 6m @ 11.40g/t Au from 258m (RCDD20OKV424); (refer ASX release 29 January 2021)

  • 3m @ 15.61g/t from 48m (RCDD22OKV436); (refer ASX release 28 July 2022)

  • 6m @ 14.10g/t Au from 323m (RCDD22OKV444); (refer ASX release 28 July 2022)

  • 1.91g/t Au;

  • Project built in 2021 on time on budget and now in operation;

  • Forecast economics demonstrates high grade, low cost, compelling project;

  • Ore Reserve of 13.5Mt & 1.9g/t Au for 0.82Mozs in a single open pit with waste:ore ratio of 5.0:1;

  • LOM average annual production of 106,000ozs pa;

  • AISC US$754/oz over LOM (at a US$1,450 gold price assumption);

  • Mineral Investment Agreement governs significant tax and duty concessions for first 5 years and includes offshore arbitration process;

  • Highly credentialed gold project operational and development team;

  • Significant resource growth potential;

  • Focussed on a net positive impact on near-mine environmental and social values by targeting strict compliance with corporate governance, international guidelines (IFC PS’s) and local law by engaging and collaborating with all stakeholders.

Additionally, Emerald continues to drill at its ~60% owned (Bullseye Mining Limited) North Laverton Gold Project

Recent results from Boundary and Neptune Prospects Significant gold mineralisation from Bullseye’s RC resource exploration programme on the Boundary and Neptune Prospects demonstrate early upside potential early in the drill campaign:

  • 12m @ 4.94g/t from 62m including 1m @ 9.07g/t from 69m and 1m @ 42.9g/t from 72m (RC22NPT003);

  • 15m @ 2.48g/t from 108m including 1m @ 7.39g/t from 116m and 2m @ 7.79g/t from 118m (RC22NPT004);

  • 13m @ 2.54g/t from 76m including 1m @ 19.30g/t from 81m (RC22BDY001);

  • 32m @ 0.92g/t from 92m (RC22NPT006);

  • 7m @ 3.92g/t from 63m including 2m @ 9.28g/t from 63m and 1m @ 6.67g/t from 69m (RC22NPT005);

  • 16m @ 1.51g/t from 97m including 1m @ 16.00g/t from 112m (RC22BDY001);

  • 18m @ 0.83g/t from 146m (RC22NPT007); and

  • 8m @ 1.48g/t from 121m (RC22NPT010).

A resource update is expected by end of FY 2023, to be shortly followed by a reserve calculation. Previously completed high-grade intersections to be integrated in the resource update include:

  • 5m @ 60.25g/t from 171m (WDDH8) – Boundary Prospect;

  • 45m @ 6.07g/t from 73m (BDRC058) – Boundary Prospect;

  • 22m @ 4.87g/t from 17m (NPRD0056) – Neptune Prospect;

  • 9m @ 9.44g/t from 82m (NPRD0078) – Neptune Prospect;

  • 26m @5.83g/t from 33m (STRD0016) – Stirling Prospect;

Registered Office 1110 Hay Street West Perth WA 6005

T: +61 8 9286 6300

  • 12m @3.30g/t from 13m (HRRD0020) – Hurleys Prospect;

  • 14m @ 31.46g/t from 33m (LAVRD0126) – Bungarra Prospect; and

  • 19m @ 13.41g/t from 32m (DRP495) – Bungarra Prospect .

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Okvau Gold Project – Cambodia (EMR:100%)

Emerald’s exploration tenements, which comprise of a combination of 100% owned granted licences and joint venture agreements now cover a combined area of 1,239 km².

Figure 1 | Cambodian Gold Project | Exploration Licence Areas

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Okvau Near Mine Exploration

Emerald continues to progress an exploration drill programme, focusing on infilling and extending the mineralisation proximally within and beyond the reserve pit shell. The drilling to date includes 23 drill holes for 7,372m (3,022m RC and 4,350m diamond) with 300m of assays pending (refer to Figure 3).

The programme identified significant mineralisation (refer Appendix One and Figure 4) outside the current Indicated resource including:

  • 10m @ 14.17g/t Au from 258m with 5m @ 23.26g/t from 258m (RCDD22OKV449) (assays pending below 326m downhole);

  • 1.37m @ 16.70g/t from 386m (RCDD22OKV447A); and

  • 3m @ 7.18g/t from 510m (RCDD22OKV445).

Figure 2 | High grade sulphide (arsenopyrite) mineralisation in RCDD22OKV449 at 262.5m from intersection

10m @ 14.17g/t Au from 258m at Okvau Gold Project

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Figure 3 | Completed collars of the current 2022 Okvau Resource Drill programme, plan view

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Figure 4 | Okvau Cross Section showing RCDD22OKV449 intersection

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The best of the high-grade intersections are understood to be associated with the previously announced interpreted feeder zone (refer to ASX release dated 2 July 2019, 28 January 2021 and 29 July 2022). Another two holes, at a depth of 600m, have been planned to further test the depth and strike of this high-grade mineralised zone.

The Company has commenced a review of the Okvau 2017 Resource and maiden Reserve, with the recent results to be included with the ~16,000m of drilling (77 collars) completed since 2017. Other previously reported, high-grade intersections (refer Figure 5), located outside the current Indicated Resource include:

  • 3m @ 14.28g/t Au from 432m (DD16OKV372); (refer ASX release 28 April 2017);

  • 6m @ 9.70g/t Au from 520m (DD16OKV373); (refer ASX release 28 April 2017);

  • 15m @ 11.92g/t Au from 143m (RC19OKV390); (refer ASX release 2 July 2019);

  • 8m @ 19.98g/t Au from 172m (RC19OKV397); (refer ASX release 2 July 2019);

  • 6m @ 11.40g/t Au from 258m (RCDD20OKV424); (refer ASX release 29 January 2021);

  • 3m @ 15.61g/t from 48m (RCDD22OKV436); (refer ASX release 28 July 2022); and

  • 6m @ 14.10g/t Au from 323m (RCDD22OKV444), (refer ASX release 28 July 2022).

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Figure 5 | Long Section (Oblique) – Drill Hole Pierce Points of Eastern Fault Zone with Okvau Indicated Resource Block Model

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Bullseye Mining Limited (EMR:59.32%)

North Laverton Gold Project Resource Drill Programme

The North Laverton Gold Project consists of 34 exploration licences (including 4 applications) and 4 mining licences controlling the entire Dingo Range greenstone belt which covers more than 800km² of tenure (refer Figure 6) and has the potential to host multiple standalone deposits or satellite deposits to supply additional ore to central mill. It includes the Boundary, Neptune, Stirling, Hurleys and Bungarra Prospects over a 6.4km greenstone strike length.

The planned ~98km resource definition drilling programme across the Boundary, Neptune, Stirling, Hurleys and Bungarra prospects, began in July 2022. Once completed will total circa 150,000m of new drilling available to estimate an updated North Laverton resource and a maiden reserve estimate.

At the time of writing, 13 collars (2,760m) have been completed drilled (refer Appendix Three) and 2,552 samples returned (with 171 assays pending). The programme commenced on the Boundary and Neptune areas and significant results returned including:

  • 12m @ 4.94g/t from 62m including 1m @ 9.07g/t from 69m and 1m @ 42.90g/t from 72m (RC22NPT003);

  • 15m @ 2.48g/t from 108m including 1m @ 7.39g/t from 116m and 2m @ 7.79g/t from 118m (RC22NPT004);13m @ 2.54g/t from 76m including 1m @ 19.30g/t from 81m (RC22BDY001).

Figure 6 | North Laverton Tenement Map with the prospect locations

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The initial drill results, continue to delineate high-grade mineralised structures from the Boundary and Neptune prospects (refer Figures 7 and 8). Drilling on all prospects to date has only tested to ~120m vertical depth (average) and on significant portions across all prospects, mineralisation remains open at depth (refer Figure 8, 9 and 13).

Figure 7 | Boundary and Neptune Drill collars and significant results (plan view)

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Figure 8 | Cross section of Neptune with new results from hole RC22NPT003

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Figure 9 | Long section of Neptune with new results

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North Laverton Project Historic Significant Intersections

Bullseye’s current resource drill programme is designed to test the strike and down dip extension of historic significant intersections. These previous drill programmes include 84,028m (80,684m RC and 3,344m diamond) completed by Bullseye since 2014 and 45,583m of drilling completed by various previous tenement holders (34,695m RC, 4,587m diamond, 432m AC and 5,869m RAB), (refer Figures 10, 11 and 12 and Appendix Five). Drill results highlights from both programmes include:

Boundary

  • 5m @ 60.25g/t from 171m (WDDH8);

  • 45m @ 6.07g/t from 73m (BDRC058);

  • 27m @ 9.34g/t from 153m (BDRC035);

  • 53m @ 3.44g/t from 66m (WRC17) (EOH);

  • 47m @ 3.42g/t from 93m (BDRD0025);

  • 30m @ 5.16g/t from 151m (WDDH10);

  • 19m @ 7.89g/t from 58m (BRC1002);

  • 8m @ 17.14g/t from 38m (BDRC060);

  • 40m @ 3.17g/t from 55m (BDRD0022);

  • 27m @ 4.53g/t from 62m (BDRC014);9m @13.55g/t from 42m (WDDH1);30m @ 3.82g/t from 179m (BDRD0043);9m @ 12.55g/t from 42m (WRC23);27m @ 4.07g/t from 62m (BDRD0094).

  • Neptune (as reported in ASX announcement 28 July 2022):-

  • 22m @ 4.87g/t from 17m (NPRD0056);

  • 9m @ 9.44g/t from 82m (NPRD0078);

  • 33m @ 3.82g/t from 37m (NPMD1019);

  • 15m @ 6.60g/t from 67m (NPMD1007);3m @ 29.85g/t from 45m (NPMD1026);25m @ 5.24g/t from 0m (NPGC0053);40m @ 2.98g/t from 14m (NPGC0025);6m @ 14.24g/t from 37m (NPGC0018);9m @ 9.36g/t from 7m (NPGC0045).

Stirling

  • 26m @5.83g/t from 33m (STRD0016);

  • 38m @ 2.62 g/t from 16m (SRC7);31m @ 2.75g/t from 35m (STRD0008);27m @ 2.30g/t from 59m (STRD0007);27m @ 2.25g/t from 31m (STRD0019).

Hurleys

  • 12m @3.30g/t from 13m (HRRD0020);

  • 12m @ 2.77g/t from 47m (HRRD0050);3m @ 9.00g/t from 62m (HRRD0062);9m @2.27g/t from 64m (HRRD0032).

Bungarra

  • 14m @ 31.46g/t from 33m (LAVRD0126);

  • 19m @ 13.41g/t from 32m (DRP495);17m @ 13.28g/t from 49m (LAVRD0132);3m @ 67.37g/t from 30m (BFRC15);5m @ 39.41g/t from 31m (LAVRD0133);9m @ 17.02g/t from 33m (BFRC13);

  • 6m @ 23.26g/t from 89m (LAVRD0054);

  • 9m @ 15.45g/t from 39m (LAVRD0142);14m @ 9.74g/t from 30m (LAVGW0003);9m @ 14.58g/t from 75m (LAVRD0054);6m @ 19.28g/t from 53m (LAVRD0135).

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Figure 10 | Plan view of Bullseye tenement holdings and location of the prospects being targeted by the recently commenced resource drill

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programme
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Figure 11 | Plan view of the significant results on the Boundary, Neptune and Stirling Prospects

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Figure 12 | Plan view of the significant results on the Hurleys and Bungarra Prospects

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Figure 13 | Long section of North Laverton Project with Au gram metre intercepts

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Other Exploration and Development

The Company continues to complete other exploration activities such as drilling programmes, and soil geochemistry programmes on its Cambodian licences. The Company remains vigilant on opportunities to expand its regional footprint in Cambodia by identifying prospective tenure and advancing discussions with potential joint venture partners. The Company continues to assess additional gold development opportunities both in Australia and internationally with the aim to create a multi asset gold producing company.

This ASX release was authorised on behalf of the Emerald Board by: Morgan Hart, Managing Director.

For further information please contact Emerald Resources NL

Morgan Hart Managing Director

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About Emerald Resources NL

Overview

Emerald is a developer and explorer of gold projects. In particular, Emerald has been focused on the development and commissioning of its most advanced project, the Okvau Gold Mine in Cambodia which saw first production in June 2021. Since commercial production commenced in September 2021, Emerald has now poured over 3,000kgs of gold bullion from its operations.

Emerald also hold a number of other projects in Cambodia which are made up of a combination of granted mining licences (100% owned by Emerald), and interests joint venture agreements. Together, Emerald’s interest in its Cambodian Projects covers a combined area of 1,239km².

Emerald has a controlling interest in Bullseye Mining Limited (59.32%), an unlisted Australian public company with three Western Australian gold projects totalling in excess of 1,200km² of highly prospective gold tenure including the North Laverton Gold Project which covers in excess of 800km² of the entire Dingo Range greenstone belt.

Okvau Gold Mine

The Okvau Gold Mine Operation is the most advanced of Emerald’s projects. The Okvau Gold Mine is located approximately 275km north-east of Cambodia’s capital city of Phnom Penh in the province of Mondulkiri (refer Figures 14 and 15). The town of Kratie is located on the Mekong River approximately 90km to the west and the capital of Mondulkiri, Saen Monourom is located approximately 60km to the south-east.

The principal activity of the consolidated entity during the 2021 financial year was the development of Emerald’s 100% owned Okvau Gold Mine. On 26 June 2021 Emerald announced its maiden gold pour after successfully commissioning the processing plant and gold room. Subsequently, commissioning activities continued on the sulphide float regrind circuit which was successfully completed in July 2021. This marked the practical completion of the Okvau Gold Mine commissioning process and commencement of normal run of mine operations.

Figure 14 | Cambodian Gold Project | Location

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Figure 15 | Cambodian Gold Project | Exploration Licence Areas

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Table 1 | Okvau Mineral Resource Estimate

Okvau March 2022 Mineral Resource Estimate Okvau March 2022 Mineral Resource Estimate Okvau March 2022 Mineral Resource Estimate
Measured Resources Indicated Resources Inferred Resources Total Resources
Tonnage Grade Contained Tonnage
Grade		 Contained Tonnage
Grade
Contained		 Tonnage Grade Contained
(Mt) (g/t Au) Au (Koz) (Mt)
(g/t Au)		 Au (Koz) (Mt)
(g/t Au)
Au (Koz)		 (Mt) (g/t Au) Au (Koz)
1.67 0.94 51 12.93
2.10		 872 2.55
1.62
133		 17.15 1.91 1,056

Table 2 | Okvau Ore Reserve Estimate

Okvau March 2022 Ore Reserve Estimate Okvau March 2022 Ore Reserve Estimate
Tonnage Grade Contained
(Mt) (g/t Au) Au (Koz)
Proven Ore Reserve 1.67Mt 0.94g/t Au 51koz
Probable Ore Reserve 11.80Mt 2.02g/t Au 765koz
Total Ore Reserve 13.48Mt 1.88g/t Au 816koz

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 Announcements dated 1 May 2017 and 26 November 2019. 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.

Competent Persons Statements

The information in this report that relates to Exploration and Drill Results from Okvau (Appendix One) and from Bullseye Recent Drilling (Appendix Three) 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 Exploration and Drill Results from the Historic Drilling on the Boundary, Neptune, Stirling, Hurleys and Bungarra Prospects (Appendix Five) is based on information compiled by Mr Rob Cooke, who is an employee of Bullseye Mining Limited and who is a Member of The Australasian Institute of Mining & Metallurgy. Mr Rob Cooke 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 Rob Cooke 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".

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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 Member 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.

No New Information

To the extent that announcement contains references to prior exploration results and Mineral Resource estimates, which have been cross referenced to previous market announcements made by the Company, unless explicitly stated, no new material information is contained. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

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Appendix One | New Drill Significant Intercepts Okvau Mine Site (>2 gram metre)

Hole Name Local
Easting		 Local
Northing		 RL Local
Azi		 Dip End
Depth		 From To Interval Gold
g/t
DD22OKV447A 694,106 1,396,771 135 315 -70 670 298 300 2 4.19
DD22OKV447A 694,106 1,396,771 135 315 -70 670 357.3 361 3.7 0.73
DD22OKV447A 694,106 1,396,771 135 315 -70 670 386 387.37 1.37 16.70
DD22OKV447A 694,106 1,396,771 135 315 -70 670 427 428 1 1.37
DD22OKV447A 694,106 1,396,771 135 315 -70 670 433 435 2 1.79
DD22OKV447A 694,106 1,396,771 135 315 -70 670 502 503 1 0.60
DD22OKV447A 694,106 1,396,771 135 315 -70 670 534 538 4 0.90
DD22OKV447A 694,106 1,396,771 135 315 -70 670 604 607 3 2.12
RCDD22OKV445 694,129 1,396,728 159 310 -62 673 358 360 2 5.12
RCDD22OKV445 694,129 1,396,728 159 310 -62 673 408 409 1 2.75
RCDD22OKV445 694,129 1,396,728 159 310 -62 673 417 418 1 1.52
RCDD22OKV445 694,129 1,396,728 159 310 -62 673 459 460 1 2.14
RCDD22OKV445 694,129 1,396,728 159 310 -62 673 510 513 3 7.18
including 510 511 1 19.35
RCDD22OKV445 694,129 1,396,728 159 310 -62 673 519 536 17 0.66
RCDD22OKV445 694,129 1,396,728 159 310 -62 673 552 560 8 0.88
RCDD22OKV445 694,129 1,396,728 159 310 -62 673 593 594 1 0.50
RCDD22OKV445 694,129 1,396,728 159 310 -62 673 614 616 2 1.29
RCDD22OKV446 694,214 1,396,946 146 310 -71 650 254 255 1 0.77
RCDD22OKV446 694,214 1,396,946 146 310 -71 650 260 261 1 4.05
RCDD22OKV446 694,214 1,396,946 146 310 -71 650 413 415 2 0.51
RCDD22OKV446 694,214 1,396,946 146 310 -71 650 425 428 3 2.25
RCDD22OKV446 694,214 1,396,946 146 310 -71 650 582 584 2 0.63
RCDD22OKV446 694,214 1,396,946 146 310 -71 650 621 622 1 0.78
RCDD22OKV446 694,214 1,396,946 146 310 -71 650 626 632 6 0.52
RCDD22OKV449* 694,168 1,396,856 141 310 -67 627 258 268 10 14.17
including 258 263 5 23.26
RCDD22OKV449* 694,168 1,396,856 141 310 -67 627 274 275 1 1.52
RCDD22OKV449* 694,168 1,396,856 141 310 -67 627 282 285 3 2.92
*RCDD22OKV449
results pending
below326m

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

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 (eg
‘reverse circulation drilling was used to obtain
1 m samples from which 3kg 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.
•
Standards are inserted in sample batches to test
laboratory performance.
•
For the recent Okvau RC drill, reverse circulation (RC)
drilling is used to collect both a 4m composite and 1m
samples in the precollar. The 4m programme
composited are taken from the excess bagged
material off the cone splitter taken every 1m. A spear
sampling technique is then used to produce a 3-5kg
composite sample. The 1m samples are split with a
cone splitter at the drill rig to produce a 3-5kg sub-
sample. These 1m samples are submitted after the
results of the 4m composites are received to identify
the zones of mineralisation.
•
Diamond core was sampled using half-core where the
core is cut in half down the longitudinal axis and
sample intervals were determined by the geologist
based on lithological contacts, with 80% of the sample
intervals being 1 metre in length. In areas of no
mineralised
(negligible
amounts
of
alteration/sulphides
typically
present
with
mineralisation) a 2m composite was submitted.
•
The Exploration drill samples 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.
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 rig is used to drill 5.5-inch
RC precollar holes and a LF90 rig is used to drill NQ2
Diamond Core.
•
Recent drilling used a REFLEX survey tool to survey
hole deviation. A typical downhole survey was taken at
12m depth and then every 30m to the end of hole.
Surveying of RC holes utilises 6m of stainless drill rod
to negate the magnetic interference from the rod
string and hammer assembly. All readings showed that
down hole deviation was negligible.
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 RC 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 RC chips and diamond core is 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.

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29 April 2022
Criteria JORC Code explanation Commentary

Standard
field
data
are
similarly
recorded
(qualitatively) routinely by a geologist for all soil
samplingsites.
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 beingsampled.		 •
Most samples are dry and there is no likelihood of
compromised results due to moisture.
•
All samples were 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 Keith King in April 2022. Samples
are dried for a minimum of 12 hours at 105˚C.
•
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 samples are sent to the NATA accredited ALS
Laboratory in Vientiane, Laos, for single Aqua Regia
digest with a 50g charge with an ICP-MS 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 then via a combination of ICP-MS
and ICP-AES. This method has a lower detection limit
of 1ppm gold.
•
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 any adjustment to assay data.		 •
All field data associated with sampling, and all
associated assay and analytical results, are archived in
a
relational
database,
with
industry-standard
verification protocols and security measures in place.
•
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
inplace.
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.		 •
Whilst, all sample locations are first surveyed with a
hand-held GPS instrument (which generates relatively
inaccurate RL values), not all samples were insitu. All
locations are surveyed to the Indian 60 grid.
•
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 usinga local base station reference).

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29 April 2022
Criteria JORC Code explanation Commentary

•
Down-hole surveys are routinely undertaken at 30m
intervals for all types of drilling, using a single-shot or
multi-shot REFLEX survey tool (operated by the driller
and checked bythe 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 compositing has been
applied.		 •
This drill spacing is considered to be sufficient to
establish geological and grade continuity appropriate
for the declaration of estimates of resources.
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.
•
Drilling has been done at various orientations.
•
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 and soil/auger samples from the field to the ALS
Sample Preparation facility in Phnom Penh is
managed by Renaissance personnel. Drill samples are
transported from the drill site to the Okvau
exploration core farm, 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
laboratoryin 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 data quality.
•
Keith King completed his most recent site visit and lab
audit of the ALS Phnom Penh facilities in 1st April
2022.

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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 obtaininga licence to operate in the area.
•
The licences are held (100%) in the name of
Renaissance Minerals (Cambodia) Limited which
is a wholly owned subsidiary of Emerald
Resources NL.
•
The tenure is considered to be secure.
Exploration done
by other parties		 •
Acknowledgment and appraisal of exploration
by other parties.		 •
Exploration has been completed by previous
explorers; Oxiana and Oz Minerals including soil
sampling, geophysical data collection and
drilling.
Geology •
Deposit type, geological setting and style of
mineralisation.		 •
Gold
occurrences
within
the
licences
is
interpreted as either a “intrusion-related gold
system” or “Porphyry” related mineralisation.
Gold mineralization is hosted within quartz
and/or sulphide veins and associated within or
proximal distance to a Cretaceous age diorite.
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 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 clearly
stated.		 •
No high grade top cuts have been applied.
•
The
reported
significant
intersections
in
Appendix One are above 2 gram metre
intersections and allow for up to 4m of internal
dilution with a lower cut trigger values of greater
than 0.5g/t.
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 (eg ‘down hole length,
true width not known’).		 •
All reported intersections are down hole lengths.
True widths are unknown and vary depending on
the orientation of target structures.
Diagrams •
Appropriate maps and sections (with scales)
and tabulations of intercepts should be		 •
Appropriate maps and sections are included in
the bodyof this release.

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29 April 2022
Criteria Explanation Commentary

included for any significant discovery being
reported These should include, but not be
limited to a plan view of drill hole collar
locations and appropriate sectional views.
Balanced 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 drilling results being intersections
with a minimum 2 ram metre values are reported
in Appendix One.
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
contaminatingsubstances.		 •
All mineralisation is associated with visible
amounts of pyrrhotite or arsenopyrite. This is
typical for the Okvau Deposit.
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 soil sampling programmes are being
planned on the identified regional targets.
•
Additional
drilling
programmes
are
being
planned across all exploration licences.

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Appendix Three | New Bullseye Drill results from Neptune and Boundary Resource Drill Program (>2 gram metre)

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Neptune RC22NPT003 345,294 6,971,252 499 -60 225 204 62 74 12 4.94
including 69 70 1 9.07
including 72 73 1 42.90
Neptune RC22NPT004 345,305 6,971,295 500 -61 225 300 108 123 15 2.48
including 116 117 1 7.39
including 118 120 2 7.79
Boundary RC22BDY001 345,359 6,971,848 495 -60 265 129 76 89 13 2.54
including 81 82 1 19.30
Neptune RC22NPT006 345,366 6,971,253 500 -60 225 300 92 124 32 0.92
Neptune RC22NPT005 345,348 6,971,236 500 -60 225 300 63 70 7 3.92
including 63 65 2 9.28
including 69 70 1 6.67
Boundary RC22BDY001 345,359 6,971,848 495 -60 265 129 97 113 16 1.51
including 112 113 1 16.00
Neptune RC22NPT007 345,383 6,971,271 500 -60 225 250 146 164 18 0.83
Neptune RC22NPT010 345,488 6,971,239 500 -60 225 300 121 129 8 1.48
Neptune RC22NPT008 345,443 6,971,218 500 -60 225 222 95 101 6 1.19
Neptune RC22NPT001 345,503 6,971,213 503 -60 225 203 151 158 7 0.88
Neptune RC22NPT008 345,443 6,971,218 500 -60 225 222 109 115 6 0.94
Neptune RC22NPT007 345,383 6,971,271 500 -60 225 250 126 133 7 0.79
Neptune RC22NPT007 345,383 6,971,271 500 -60 225 250 184 187 3 1.22
Neptune RC22NPT008 345,443 6,971,218 500 -60 225 222 210 214 4 0.91
Neptune RC22NPT008 345,443 6,971,218 500 -60 225 222 136 138 2 1.43
Neptune RC22NPT007 345,383 6,971,271 500 -60 225 250 248 250 2 1.36
Neptune RC22NPT009 345,463 6,971,239 500 -60 225 252 129 133 4 0.61
Neptune RC22NPT005 345,348 6,971,236 500 -60 225 300 53 55 2 1.17
Neptune RC22NPT010 345,488 6,971,239 500 -60 225 300 162 164 2 1.08
Boundary RC22BDY001 345,359 6,971,848 495 -60 265 129 47 50 3 0.69
Neptune RC22NPT004 345,305 6,971,295 500 -61 225 300 242 243 1 1.91
Neptune RC22NPT009 345,463 6,971,239 500 -60 225 252 155 158 3 0.63
Neptune RC22NPT009 345,463 6,971,239 500 -60 225 252 111 114 3 0.59
Boundary RC22BDY001 345,359 6,971,848 495 -60 265 129 123 125 2 0.84
Neptune RC22NPT009 345,463 6,971,239 500 -60 225 252 106 108 2 0.83
Neptune RC22NPT001 345,503 6,971,213 503 -60 225 203 95 98 3 0.54
Neptune RC22NPT008 345,443 6,971,218 500 -60 225 222 147 148 1 1.57

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

Section 1 Sampling Techniques and Data from Recent Bullseye Drilling

(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 (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.
•
Standards are inserted in sample batches to test
laboratory performance.
•
All Bullseye RC samples were put through a fixed
cone splitter at 1m intervals with the sample
reduced to between a 2kg to 4kg sample.
•
Bullseye drill programme used SGS Laboratories,
Kalgoorlie for RC samples:
•
SGS – samples crushed and milled to <75µm and
assayed using fire assay (50g) with additional AAS.
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 Schramm 685 drill rig is used to drill 5.5-inch RC
holes.
•
All Bullseye RC holes at Neptune were downhole
surveyed using a gyroscopic survey tool (a REFLEX
GYRO SPRINT-IQ™). A typical downhole survey
was taken at 10m depth to the end of hole.
Surveying of RC holes utilises 6m of stainless drill
rod to negate the magnetic interference from the
rod string and hammer assembly. All readings
showed that down hole deviation was negligible.
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 drill sample recovery averaged better than
99%.
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 RC chips and diamond core is routinely logged
(qualitatively) by a geologist, to record details of
regolith
(oxidation),
lithology,
structure,
mineralization and/or veining, and alteration. 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.		 •
Most samples are dry and there is no likelihood of
compromised results due to moisture.
•
This sample technique is industry norm and is
deemed appropriate for the material.
•
All RC samples were put through a fixed cone
splitter at 1m intervals with the sample reduced to
between a 2kgto 4kgsample.

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29 April 2022
Criteria JORC Code explanation Commentary

•
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 beingsampled.
•
The drilling used SGS Laboratories, Kalgoorlie for
RC samples: SGS– samples dried at 105° Celsius,
crushed and milled to 85% passing -75µm. Assay
was 50g fire assay with AAS finish for gold.
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 samples are sent to the accredited SGS
Laboratories, Kalgoorlie 50g fire assay with AAS
finish for gold. This method has a lower detection
limit of 0.01ppm gold.
•
Industry-standard QAQC protocols are routinely
followed for all sample batches sent for assay,
which includes the insertion of commercially
available pulp CRMs at rate of 1 for every 20 field
samples and pulp blanks at a rate of 1 for every 50
field samples. Field duplicates were collected at
the rig, directly from the cyclone at a rate of one
in every 50 samples for the entire programme.
•
QAQC data are routinely checked before any
associated
assay
results
are
reviewed
for
interpretation.
•
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 any adjustment to assay data.		 •
All field data associated with sampling, and all
associated assay and analytical results, are
archived in a relational database, with industry-
standard verification protocols in place.
•
The calculations of all significant intercepts (for
drill holes) are routinely checked by senior
management.
•
Data verification and validation procedures
undertaken included checks on collar position
against design and site survey collar pick-ups by
Licensed on site surveyors. Hole depths were
cross-checked in the geology logs, down hole
surveys, sample sheets and assay reports to
ensure consistency. All down hole surveys were
exposed to rigorous QAQC and drill traces were
plotted in 3D for validation and assessment of
global deviation trends.
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.		 •
The grid system used is MGA_94. The creation of
the topographic surface is based on a site survey
pick-up in March 2014 by GEMS (Glockner
Engineering
and
Mining
Services,
licensed
Australian surveyors) and again in July 2014,
August 2015 and August 2017 of all drill holes and
surface contour points in GDA_94.
•
To date the collars of holes drilled have been
picked up by a hand GPS. Although it is the
intention to use a licenced surveyor with DGPS
equipment to pick up the collars before any
resource calculation.
•
All Bullseye RC holes at Neptune were downhole
surveyed using a gyroscopic survey tool (a REFLEX
GYRO SPRINT-IQ™) and are routinely undertaken
at ~5m intervals for the drilling
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 continuityappropriate for the Mineral		 •
This drill spacing is considered to be sufficient to
establish
geological
and
grade
continuity
appropriate for the declaration of estimates of
resources.

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29 April 2022
Criteria JORC Code explanation Commentary

Resource and Ore Reserve estimation procedure(s)
and classifications applied.
•
Whether sample compositinghas been applied.
•
The drill programme adopted a standard sample
length of 1.0m.
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.		 •
All RC samples were sampled as single 1m calico
samples, each with a unique sample number.
These calicos were collected from the drill sites in
allotments of 1 tonne bulka bags. These bulka
bags were loaded by Bullseye field staff and
delivered to SGS Kalgoorlie by road transport
supplied bySGS.
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.

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Section 2 Reporting of Exploration Results from Neptune 2022 Drilling

(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
obtaininga licence to operate in the area.
•
The Neptune and Boundary Gold Prospects is
100% held by Bullseye Mining Limited. The tenure
is considered to be secure.
Exploration done
by other parties		 •
Acknowledgment and appraisal of exploration by
other parties.		 •
Historical drilling was conducted between 1989 –
2005 by companies Julia Mines NL, Eagle Mining
NL,DeepYellow NL and Korab Resources Ltd.
Geology •
Deposit type, geological setting and style of
mineralisation.		 •
Geology comprises a basalt country rock and BIF.
The Neptune deposit is associated with an
approximately 45 degree plunging mineralised
lode (or sheets) that have formed in association
with the basalt/BIF contact, a large antiform
structure and a large cross cutting structure. Gold
Mineralisation is as shallow as a few metres below
surface, extends to some 100m below surface and
is open at depth.
•
The weathering profile displays a surface laterite,
followed
by
clay/saprolite
weathering
predominately in association with the weathered
basalt.
Saprock
is
encountered
earlier
in
association with weathered BIF. Global fresh rock is
encountered from 70m down hole, but weathering
is not well advanced at Neptune and hard saprock
and fresh rock are encountered in more shallow
horizons.
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 Three.
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.		 •
No high grade top cuts have been applied.
•
The reported significant intersections in Appendix
Three are above 2 gram metre intersections and
allow for up to 4m of internal dilution with a lower
cut trigger values of greater than 0.5g/t.
Relationship
between
mineralisation		 •
These relationships are particularly important in
the reporting of Exploration Results.		 •
All reported intersections are down hole lengths.
True widths are unknown and vary depending on
the orientation of target structures.

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29 April 2022
Criteria Explanation Commentary
widths and
intercept lengths
•
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 (eg ‘down hole length, true width not
known’).
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 reporting
of both low and high grades and/or widths should
be practiced to avoid misleading reporting of
Exploration Results.		 •
All significant drilling results being intersections
with a minimum 2 gram metre values are reported
in Appendix Three.
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
contaminatingsubstances.		 •
Surface geological mapping and detailed structural
interpretation have helped inform the geological
models.
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.		 •
Additional drilling programmes are being planned
across all exploration licences.

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Appendix Five | Historic Bullseye Drill results (excluding Neptune Prospect as previously reported in July 2022 ASX announcement) (>2 gram metre)

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Stirling DRC10 345,765 6,970,693 507 -60 90 159 98 103 5 0.58
Stirling SRC5 345,876 6,970,669 506 -60 180 94 40 54 14 1.58
Stirling SRC5 345,876 6,970,669 506 -60 180 94 67 79 12 0.93
Stirling SRC7 345,837 6,970,645 508 -90 0 81 16 54 38 2.62
Stirling SRC7 345,837 6,970,645 508 -90 0 81 73 77 4 0.62
Stirling SRC8 345,813 6,970,670 507 -90 0 107 56 76 20 1.46
Stirling SRC9 345,765 6,970,693 507 -90 0 126 83 95 12 0.70
Stirling STRD0001 345,817 6,970,689 507 -60 270 129 74 78 4 1.53
Stirling STRD0001 345,817 6,970,689 507 -60 270 129 62 66 4 1.22
Stirling STRD0002 345,842 6,970,689 506 -60 270 109 90 100 10 1.62
Stirling STRD0003 345,839 6,970,700 506 -60 270 119 96 108 12 1.52
Stirling STRD0004 345,837 6,970,669 507 -60 270 129 55 67 12 0.77
Stirling STRD0007 345,862 6,970,670 506 -60 270 134 59 86 27 2.30
Stirling STRD0007 345,862 6,970,670 506 -60 270 134 38 45 7 0.59
Stirling STRD0008 345,862 6,970,652 507 -60 270 119 35 66 31 2.75
Stirling STRD0009 345,866 6,970,635 508 -60 270 124 41 46 5 0.56
Stirling STRD0013 345,812 6,970,634 508 -60 270 129 39 40 1 4.12
Stirling STRD0014 345,803 6,970,647 508 -60 86 75 58 75 17 2.26
Stirling STRD0014 345,803 6,970,647 508 -60 86 75 38 47 9 1.70
Stirling STRD0014 345,803 6,970,647 508 -60 86 75 27 28 1 3.83
Stirling STRD0015 345,817 6,970,634 508 -60 90 60 47 54 7 1.76
Stirling STRD0016 345,816 6,970,646 508 -60 90 60 33 59 26 5.83
Stirling STRD0017 345,825 6,970,634 508 -60 90 60 41 58 17 1.63
Stirling STRD0018 345,826 6,970,646 508 -60 90 60 42 44 2 1.24
Stirling STRD0019 345,825 6,970,656 507 -60 90 60 31 58 27 2.25
Stirling STRD0020 345,816 6,970,664 507 -60 90 60 38 60 22 1.86
Stirling STRD0021 345,843 6,970,669 507 -90 0 30 21 23 2 24.04
Stirling STRD0024 345,843 6,970,662 507 -90 0 30 11 18 7 1.67
Stirling STRD0024 345,843 6,970,662 507 -90 0 30 23 30 7 1.04
Stirling STRD0026 345,843 6,970,691 506 -60 100 100 76 89 13 1.25
Stirling STRD0029 345,872 6,970,652 507 -60 270 90 60 73 13 1.13
Stirling STRD0031 345,854 6,970,649 507 -60 90 70 32 44 12 1.06
Stirling STRD0031 345,854 6,970,649 507 -60 90 70 17 24 7 1.65
Stirling STRD0032 345,848 6,970,649 507 -60 270 90 36 44 8 3.38
Stirling STRD0040 345,872 6,970,631 508 -60 290 85 42 63 21 1.51
Stirling STRD0044 345,811 6,970,720 506 -60 270 140 91 96 5 1.22
Stirling STRD0046 345,853 6,970,658 507 -60 90 60 11 21 10 0.57
Stirling STRD0048 345,835 6,970,644 508 -60 0 30 16 30 14 0.73
Stirling STRGW0001 345,801 6,970,682 507 -90 0 91 59 82 23 1.22
Stirling STRGW0002 345,828 6,970,650 508 -90 0 88 30 54 24 1.19
Stirling STRGW0002 345,828 6,970,650 508 -90 0 88 21 22 1 3.35
Hurleys HRRD0011 348,223 6,969,395 510 -60 225 120 13 14 1 6.82
Hurleys HRRD0016 348,114 6,969,395 511 -60 45 120 66 67 1 5.41

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Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Hurleys HRRD0018 348,143 6,969,397 511 -60 45 120 7 13 6 2.94
Hurleys HRRD0018 348,143 6,969,397 511 -60 45 120 63 66 3 1.75
Hurleys HRRD0020 348,134 6,969,399 511 -60 45 120 13 25 12 3.30
Hurleys HRRD0020 348,134 6,969,399 511 -60 45 120 51 55 4 2.17
Hurleys HRRD0020 348,134 6,969,399 511 -60 45 120 66 76 10 0.64
Hurleys HRRD0022 348,134 6,969,398 511 -60 225 126 39 41 2 1.63
Hurleys HRRD0024 348,154 6,969,396 511 -60 225 120 18 28 10 1.61
Hurleys HRRD0026 348,141 6,969,398 511 -60 225 120 51 53 2 1.14
Hurleys HRRD0028 348,115 6,969,396 511 -60 46 138 30 33 3 2.24
Hurleys HRRD0028 348,115 6,969,396 511 -60 46 138 15 17 2 1.05
Hurleys HRRD0030 348,112 6,969,417 511 -60 225 132 65 66 1 6.52
Hurleys HRRD0030 348,112 6,969,417 511 -60 225 132 91 96 5 1.16
Hurleys HRRD0032 348,116 6,969,415 511 -60 45 120 64 73 9 2.27
Hurleys HRRD0033 348,255 6,969,417 510 -60 225 129 83 84 1 2.43
Hurleys HRRD0036 348,133 6,969,435 512 -60 45 120 66 67 1 2.70
Hurleys HRRD0037 348,203 6,969,392 510 -60 225 129 26 33 7 0.50
Hurleys HRRD0042 348,130 6,969,467 513 -60 45 138 25 31 6 2.07
Hurleys HRRD0044 348,102 6,969,438 512 -60 225 120 111 114 3 0.67
Hurleys HRRD0046 348,118 6,969,455 513 -60 225 132 106 108 2 7.32
Hurleys HRRD0048 348,074 6,969,415 511 -60 225 120 80 81 1 3.67
Hurleys HRRD0048 348,074 6,969,415 511 -60 225 120 44 45 1 2.38
Hurleys HRRD0050 348,056 6,969,393 510 -60 225 120 47 59 12 2.77
Hurleys HRRD0050 348,056 6,969,393 510 -60 225 120 103 113 10 1.44
Hurleys HRRD0050 348,056 6,969,393 510 -60 225 120 71 72 1 2.18
Hurleys HRRD0050 348,056 6,969,393 510 -60 225 120 38 39 1 2.10
Hurleys HRRD0051 348,253 6,969,299 508 -60 225 120 25 32 7 1.11
Hurleys HRRD0052 348,076 6,969,392 511 -60 225 120 44 46 2 3.78
Hurleys HRRD0052 348,076 6,969,392 511 -60 225 120 88 89 1 2.98
Hurleys HRRD0056 348,092 6,969,392 511 -60 225 132 97 98 1 5.48
Hurleys HRRD0056 348,092 6,969,392 511 -60 225 132 75 79 4 0.93
Hurleys HRRD0058 348,056 6,969,415 511 -60 225 120 92 97 5 2.40
Hurleys HRRD0058 348,056 6,969,415 511 -60 225 120 41 50 9 0.90
Hurleys HRRD0060 348,091 6,969,394 511 -60 45 138 94 97 3 0.70
Hurleys HRRD0062 348,055 6,969,394 511 -60 45 120 62 65 3 9.00
Hurleys HRRD0062 348,055 6,969,394 511 -60 45 120 42 43 1 7.19
Hurleys HRRD0064 348,075 6,969,394 511 -60 45 126 81 87 6 0.79
Hurleys HRRD0064 348,075 6,969,394 511 -60 45 126 112 113 1 2.61
Hurleys HRRD0066 348,074 6,969,417 511 -60 45 126 108 111 3 5.46
Hurleys HRRD0068 348,096 6,969,415 513 -60 45 126 53 55 2 1.17
Hurleys HRRD0068 348,096 6,969,415 513 -60 45 126 60 61 1 2.24
Hurleys HRRD0072 348,082 6,969,437 512 -60 45 120 79 83 4 1.08
Hurleys HRRD0072 348,082 6,969,437 512 -60 45 120 68 70 2 1.62
Hurleys HRRD0078 348,101 6,969,376 510 -60 45 120 66 70 4 2.47
Hurleys HRRD0078 348,101 6,969,376 510 -60 45 120 102 114 12 0.57
Hurleys HRRD0078 348,101 6,969,376 510 -60 45 120 89 90 1 2.18

Page 25 of 51

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Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Hurleys HRRD0084 348,073 6,969,486 513 -60 225 120 31 36 5 0.79
Hurleys HRRD0084 348,073 6,969,486 513 -60 225 120 53 54 1 2.20
Hurleys HRRD0086 348,092 6,969,467 513 -60 225 120 95 97 2 1.66
Hurleys HRRD0092 348,028 6,969,477 513 -60 225 120 119 120 1 15.00
Bungarra BFDDH1 348,349 6,968,221 505 -60 90 213 180.2 184.3 4 3.86
Bungarra BFDDH2 348,575 6,968,225 503 -60 270 216 209 216 7 0.59
Bungarra BFDDH2 348,575 6,968,225 503 -60 270 216 183 184 1 2.65
Bungarra BFDDH3 348,318 6,968,421 505 -60 90 168 110 114 4 22.13
Bungarra BFDDH3 348,318 6,968,421 505 -60 90 168 70 78 8 2.93
Bungarra BFDDH3 348,318 6,968,421 505 -60 90 168 63 64 1 9.37
Bungarra BFRC017 348,481 6,968,196 504 -90 0 63 24 31 7 9.39
Bungarra BFRC018 348,454 6,968,248 504 -90 0 67 59 66 7 0.61
Bungarra BFRC018 348,454 6,968,248 504 -90 0 67 35 42 7 0.58
Bungarra BFRC019 348,435 6,968,249 504 -90 0 66 29 36 7 2.26
Bungarra BFRC021 348,430 6,968,271 503 -90 0 64 41 47 6 2.33
Bungarra BFRC021 348,430 6,968,271 503 -90 0 64 53 59 6 0.52
Bungarra BFRC022 348,411 6,968,271 504 -90 0 70 44 46 2 6.57
Bungarra BFRC026 348,380 6,968,302 505 -90 0 74 39 40 1 5.92
Bungarra BFRC029 348,388 6,968,351 504 -90 0 52 30 42 12 0.58
Bungarra BFRC029 348,388 6,968,351 504 -90 0 52 47 52 5 1.15
Bungarra BFRC029 348,388 6,968,351 504 -90 0 52 16 20 4 0.68
Bungarra BFRC030 348,370 6,968,352 504 -90 0 58 56 58 2 5.51
Bungarra BFRC031 348,349 6,968,350 504 -90 0 80 62 65 3 9.36
Bungarra BFRC034 348,409 6,968,398 503 -90 0 59 16 23 7 4.21
Bungarra BFRC034 348,409 6,968,398 503 -90 0 59 29 44 15 1.02
Bungarra BFRC034 348,409 6,968,398 503 -90 0 59 51 59 8 0.98
Bungarra BFRC036 348,389 6,968,447 503 -90 0 72 16 27 11 1.34
Bungarra BFRC036 348,389 6,968,447 503 -90 0 72 44 56 12 1.12
Bungarra BFRC036 348,389 6,968,447 503 -90 0 72 66 68 2 1.43
Bungarra BFRC036 348,389 6,968,447 503 -90 0 72 36 39 3 0.75
Bungarra BFRC037 348,390 6,968,471 503 -90 0 84 33 41 8 0.97
Bungarra BFRC037 348,390 6,968,471 503 -90 0 84 47 48 1 5.35
Bungarra BFRC037 348,390 6,968,471 503 -90 0 84 20 24 4 0.86
Bungarra BFRC1 348,432 6,968,321 503 -60 269 71 57 68 11 1.21
Bungarra BFRC10 348,476 6,968,248 503 -60 268 111 82 84 2 6.89
Bungarra BFRC10 348,476 6,968,248 503 -60 268 111 50 55 5 0.70
Bungarra BFRC11 348,402 6,968,222 504 -60 90 86 70 73 3 3.00
Bungarra BFRC13 348,422 6,968,224 504 -60 88 136 33 42 9 17.02
Bungarra BFRC14 348,446 6,968,266 503 -60 182 111 40 53 13 2.40
Bungarra BFRC15 348,451 6,968,223 504 -90 0 60 30 33 3 67.37
Bungarra BFRC2 348,424 6,968,349 504 -60 274 88 75 84 9 2.66
Bungarra BFRC2 348,424 6,968,349 504 -60 274 88 46 48 2 2.27
Bungarra BFRC3 348,424 6,968,373 503 -60 272 80 17 19 2 1.02
Bungarra BFRC5 348,461 6,968,425 503 -60 271 76 35 45 10 2.11
Bungarra BFRC7 348,482 6,968,218 504 -60 268 113 36 43 7 8.34

Page 26 of 51

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Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Bungarra BFRC8 348,492 6,968,195 504 -60 268 132 26 50 24 1.99
Bungarra DRC18 348,348 6,968,421 504 -60 90 153 63 85 22 1.11
Bungarra DRC18 348,348 6,968,421 504 -60 90 153 46 58 12 0.92
Bungarra DRC19 348,349 6,968,396 504 -60 90 188 151 153 2 2.52
Bungarra DRC20 348,499 6,968,375 503 -60 90 128 52 62 10 4.61
Bungarra DRC20 348,499 6,968,375 503 -60 90 128 77 78 1 17.44
Bungarra DRP494 348,453 6,968,221 503 -60 270 64 45 53 8 1.04
Bungarra DRP494 348,453 6,968,221 503 -60 270 64 17 20 3 1.52
Bungarra DRP494 348,453 6,968,221 503 -60 270 64 60 61 1 4.14
Bungarra DRP495 348,473 6,968,221 503 -60 270 53 32 51 19 13.41
Bungarra DRP496 348,447 6,968,271 503 -60 270 60 47 60 13 1.52
Bungarra DRP615 348,370 6,968,421 503 -60 90 62 35 40 5 1.48
Bungarra DRP615 348,370 6,968,421 503 -60 90 62 56 62 6 0.97
Bungarra DRP616 348,330 6,968,420 503 -60 90 68 60 64 4 1.41
Bungarra DRP660 348,453 6,968,196 503 -90 0 48 22 26 4 3.04
Bungarra DRP660 348,453 6,968,196 503 -90 0 48 8 12 4 0.82
Bungarra DRP661 348,503 6,968,196 503 -90 0 54 16 20 4 2.90
Bungarra DRP668 348,524 6,968,121 503 -90 0 43 32 38 6 0.66
Bungarra DRP679 348,371 6,968,396 503 -90 0 58 48 57 9 0.54
Bungarra DRP680 348,396 6,968,396 503 -90 0 58 28 38 10 2.72
Bungarra DRP680 348,396 6,968,396 503 -90 0 58 48 50 2 1.62
Bungarra DRP681 348,421 6,968,396 503 -90 0 57 52 54 2 1.32
Bungarra DRP682 348,446 6,968,396 503 -90 0 56 28 40 12 6.25
Bungarra DRP682 348,446 6,968,396 503 -90 0 56 48 56 8 1.02
Bungarra FF-47-RB 348,340 6,968,502 500 -60 90 40 24 30 6 1.00
Bungarra FF-50-RB 348,457 6,968,479 500 -60 90 40 30 36 6 1.33
Bungarra FF-53-RB 348,360 6,968,294 500 -60 90 40 12 18 6 3.00
Bungarra LAVGW0001 348,396 6,968,424 503 -90 0 88 41 54 13 0.54
Bungarra LAVGW0001 348,396 6,968,424 503 -90 0 88 16 19 3 1.23
Bungarra LAVGW0001 348,396 6,968,424 503 -90 0 88 26 27 1 2.68
Bungarra LAVGW0002 348,478 6,968,216 504 -90 0 57 49 53 4 23.78
Bungarra LAVGW0003 348,446 6,968,243 503 -90 0 53 30 44 14 9.74
Bungarra LAVGW0003 348,446 6,968,243 503 -90 0 53 50 52 2 1.61
Bungarra LAVRD0001 348,401 6,968,380 503 -60 225 178 88 94 6 1.34
Bungarra LAVRD0001 348,401 6,968,380 503 -60 225 178 159 167 8 0.77
Bungarra LAVRD0001 348,401 6,968,380 503 -60 225 178 53 55 2 1.14
Bungarra LAVRD0002 348,372 6,968,379 504 -60 225 129 17 23 6 1.37
Bungarra LAVRD0003 348,418 6,968,379 503 -60 225 188 85 89 4 3.91
Bungarra LAVRD0003 348,418 6,968,379 503 -60 225 188 58 59 1 5.04
Bungarra LAVRD0003 348,418 6,968,379 503 -60 225 188 40 42 2 2.01
Bungarra LAVRD0003 348,418 6,968,379 503 -60 225 188 47 49 2 1.21
Bungarra LAVRD0004 348,398 6,968,398 503 -60 225 133 30 33 3 6.57
Bungarra LAVRD0004 348,398 6,968,398 503 -60 225 133 56 67 11 1.49
Bungarra LAVRD0004 348,398 6,968,398 503 -60 225 133 39 44 5 1.72
Bungarra LAVRD0005 348,413 6,968,418 503 -60 225 149 78 84 6 5.90

Page 27 of 51

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Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Bungarra LAVRD0005 348,413 6,968,418 503 -60 225 149 48 57 9 0.70
Bungarra LAVRD0005 348,413 6,968,418 503 -60 225 149 21 25 4 1.54
Bungarra LAVRD0006 348,433 6,968,378 503 -60 225 169 163 168 5 7.10
Bungarra LAVRD0006 348,433 6,968,378 503 -60 225 169 129 136 7 2.38
Bungarra LAVRD0006 348,433 6,968,378 503 -60 225 169 33 34 1 7.57
Bungarra LAVRD0006 348,433 6,968,378 503 -60 225 169 46 49 3 1.74
Bungarra LAVRD0006 348,433 6,968,378 503 -60 225 169 3 5 2 1.02
Bungarra LAVRD0007 348,437 6,968,440 503 -60 225 78 33 46 13 1.11
Bungarra LAVRD0007 348,437 6,968,440 503 -60 225 78 23 25 2 1.69
Bungarra LAVRD0008 348,466 6,968,442 502 -60 225 188 53 54 1 4.77
Bungarra LAVRD0008 348,466 6,968,442 502 -60 225 188 179 183 4 0.99
Bungarra LAVRD0008 348,466 6,968,442 502 -60 225 188 124 128 4 0.53
Bungarra LAVRD0009 348,416 6,968,460 503 -60 225 178 102 110 8 10.09
Bungarra LAVRD0009 348,416 6,968,460 503 -60 225 178 21 70 49 1.18
Bungarra LAVRD0010 348,395 6,968,463 503 -61 225 158 4 6 2 3.50
Bungarra LAVRD0010 348,395 6,968,463 503 -61 225 158 15 21 6 0.77
Bungarra LAVRD0010 348,395 6,968,463 503 -61 225 158 134 138 4 1.11
Bungarra LAVRD0010 348,395 6,968,463 503 -61 225 158 35 39 4 0.75
Bungarra LAVRD0011 348,445 6,968,239 504 -61 225 93 41 44 3 1.10
Bungarra LAVRD0012 348,458 6,968,237 503 -60 225 98 32 45 13 4.37
Bungarra LAVRD0013 348,469 6,968,238 503 -60 225 118 33 38 5 9.60
Bungarra LAVRD0013 348,469 6,968,238 503 -60 225 118 68 74 6 1.31
Bungarra LAVRD0016 348,447 6,968,257 503 -61 225 88 42 48 6 2.55
Bungarra LAVRD0016 348,447 6,968,257 503 -61 225 88 33 37 4 1.12
Bungarra LAVRD0017 348,447 6,968,279 503 -61 225 88 47 48 1 7.22
Bungarra LAVRD0017 348,447 6,968,279 503 -61 225 88 56 57 1 2.36
Bungarra LAVRD0019 348,427 6,968,300 504 -60 225 88 51 54 3 1.75
Bungarra LAVRD0020 348,404 6,968,293 504 -61 225 93 41 49 8 10.88
Bungarra LAVRD0021 348,396 6,968,319 504 -60 225 78 52 57 5 3.88
Bungarra LAVRD0021 348,396 6,968,319 504 -60 225 78 69 70 1 11.20
Bungarra LAVRD0021 348,396 6,968,319 504 -60 225 78 41 42 1 5.57
Bungarra LAVRD0022 348,448 6,968,320 503 -60 225 134 54 60 6 0.69
Bungarra LAVRD0024 348,428 6,968,341 504 -60 225 93 88 93 5 3.02
Bungarra LAVRD0024 348,428 6,968,341 504 -60 225 93 71 72 1 4.25
Bungarra LAVRD0024 348,428 6,968,341 504 -60 225 93 48 53 5 0.56
Bungarra LAVRD0025 348,415 6,968,342 504 -60 225 93 23 24 1 3.00
Bungarra LAVRD0025 348,415 6,968,342 504 -60 225 93 63 66 3 0.67
Bungarra LAVRD0026 348,466 6,968,379 503 -60 225 203 81 84 3 0.85
Bungarra LAVRD0029 348,468 6,968,339 503 -60 225 209 83 94 11 1.69
Bungarra LAVRD0029 348,468 6,968,339 503 -60 225 209 202 203 1 6.22
Bungarra LAVRD0029 348,468 6,968,339 503 -60 225 209 104 111 7 0.59
Bungarra LAVRD0029 348,468 6,968,339 503 -60 225 209 157 164 7 0.55
Bungarra LAVRD0029 348,468 6,968,339 503 -60 225 209 71 74 3 1.27
Bungarra LAVRD0030 348,509 6,968,277 502 -60 225 241 178 194 16 1.34
Bungarra LAVRD0031 348,534 6,968,276 502 -60 225 264 182 210 28 1.33

Page 28 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Bungarra LAVRD0031 348,534 6,968,276 502 -60 225 264 164 176 12 1.03
Bungarra LAVRD0031 348,534 6,968,276 502 -60 225 264 250 255 5 0.53
Bungarra LAVRD0032 348,471 6,968,280 503 -60 225 164 74 80 6 1.56
Bungarra LAVRD0034 348,381 6,968,420 504 -60 225 126 52 64 12 6.59
Bungarra LAVRD0034 348,381 6,968,420 504 -60 225 126 38 44 6 0.50
Bungarra LAVRD0035 348,378 6,968,401 504 -60 225 126 70 74 4 1.13
Bungarra LAVRD0036 348,396 6,968,437 504 -61 225 126 37 48 11 2.02
Bungarra LAVRD0036 348,396 6,968,437 504 -61 225 126 56 69 13 0.83
Bungarra LAVRD0036 348,396 6,968,437 504 -61 225 126 29 32 3 2.28
Bungarra LAVRD0036 348,396 6,968,437 504 -61 225 126 19 24 5 1.23
Bungarra LAVRD0037 348,423 6,968,436 503 -60 225 126 11 33 22 1.01
Bungarra LAVRD0037 348,423 6,968,436 503 -60 225 126 47 55 8 1.41
Bungarra LAVRD0038 348,379 6,968,439 504 -60 225 126 48 55 7 5.86
Bungarra LAVRD0038 348,379 6,968,439 504 -60 225 126 34 37 3 4.91
Bungarra LAVRD0038 348,379 6,968,439 504 -60 225 126 25 26 1 7.92
Bungarra LAVRD0038 348,379 6,968,439 504 -60 225 126 69 72 3 2.47
Bungarra LAVRD0053 348,415 6,968,398 503 -60 225 81 30 48 18 1.14
Bungarra LAVRD0053 348,415 6,968,398 503 -60 225 81 11 25 14 0.94
Bungarra LAVRD0054 348,489 6,968,235 503 -60 225 101 89 95 6 23.26
Bungarra LAVRD0054 348,489 6,968,235 503 -60 225 101 75 84 9 14.58
Bungarra LAVRD0054 348,489 6,968,235 503 -60 225 101 48 56 8 12.38
Bungarra LAVRD0056 348,456 6,968,279 503 -60 225 81 46 48 2 15.39
Bungarra LAVRD0056 348,456 6,968,279 503 -60 225 81 57 58 1 2.32
Bungarra LAVRD0057 348,433 6,968,281 503 -60 225 81 47 49 2 1.77
Bungarra LAVRD0079 348,406 6,968,470 503 -60 225 81 18 27 9 2.11
Bungarra LAVRD0079 348,406 6,968,470 503 -60 225 81 36 42 6 1.98
Bungarra LAVRD0079 348,406 6,968,470 503 -60 225 81 75 81 6 1.87
Bungarra LAVRD0079 348,406 6,968,470 503 -60 225 81 63 70 7 1.51
Bungarra LAVRD0080 348,417 6,968,472 503 -60 225 81 51 54 3 7.13
Bungarra LAVRD0080 348,417 6,968,472 503 -60 225 81 21 23 2 1.04
Bungarra LAVRD0081 348,426 6,968,472 503 -60 225 81 51 68 17 0.96
Bungarra LAVRD0081 348,426 6,968,472 503 -60 225 81 74 79 5 1.76
Bungarra LAVRD0082 348,428 6,968,461 503 -60 225 81 30 34 4 8.13
Bungarra LAVRD0082 348,428 6,968,461 503 -60 225 81 46 50 4 0.50
Bungarra LAVRD0083 348,458 6,968,258 503 -60 225 81 37 41 4 18.10
Bungarra LAVRD0084 348,450 6,968,218 504 -60 225 81 25 37 12 0.51
Bungarra LAVRD0085 348,460 6,968,217 504 -60 225 81 29 31 2 2.83
Bungarra LAVRD0087 348,471 6,968,217 504 -60 225 81 39 45 6 3.11
Bungarra LAVRD0087 348,471 6,968,217 504 -60 225 81 28 34 6 1.04
Bungarra LAVRD0089 348,482 6,968,217 504 -60 225 81 28 47 19 4.54
Bungarra LAVRD0090 348,472 6,968,194 504 -61 225 81 27 29 2 1.47
Bungarra LAVRD0091 348,491 6,968,217 504 -60 225 81 37 39 2 5.31
Bungarra LAVRD0091 348,491 6,968,217 504 -60 225 81 73 74 1 2.34
Bungarra LAVRD0093 348,505 6,968,216 504 -60 225 81 50 56 6 6.65
Bungarra LAVRD0093 348,505 6,968,216 504 -60 225 81 74 75 1 2.79

Page 29 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Bungarra LAVRD0096 348,423 6,968,214 504 -60 90 81 24 26 2 4.56
Bungarra LAVRD0096 348,423 6,968,214 504 -60 90 81 53 54 1 2.64
Bungarra LAVRD0098 348,446 6,968,289 503 -60 270 80 72 79 7 1.19
Bungarra LAVRD0098 348,446 6,968,289 503 -60 270 80 46 48 2 3.23
Bungarra LAVRD0101 348,394 6,968,304 504 -58 225 65 36 47 11 0.71
Bungarra LAVRD0103 348,398 6,968,345 504 -60 225 80 64 66 2 20.78
Bungarra LAVRD0103 348,398 6,968,345 504 -60 225 80 22 25 3 5.00
Bungarra LAVRD0104 348,407 6,968,344 504 -60 225 80 54 60 6 0.94
Bungarra LAVRD0105 348,319 6,968,434 505 -60 90 120 71 78 7 2.75
Bungarra LAVRD0105 348,319 6,968,434 505 -60 90 120 34 35 1 4.58
Bungarra LAVRD0109 348,461 6,968,205 504 -60 225 83 27 33 6 0.56
Bungarra LAVRD0110 348,471 6,968,204 504 -60 225 83 26 36 10 0.92
Bungarra LAVRD0111 348,356 6,968,295 505 -60 45 228 60 70 10 8.38
Bungarra LAVRD0111 348,356 6,968,295 505 -60 45 228 178 195 17 0.53
Bungarra LAVRD0111 348,356 6,968,295 505 -60 45 228 221 228 7 0.83
Bungarra LAVRD0112 348,347 6,968,296 505 -60 45 185 63 70 7 1.59
Bungarra LAVRD0112 348,347 6,968,296 505 -60 45 185 133 138 5 0.66
Bungarra LAVRD0112 348,347 6,968,296 505 -60 45 185 80 83 3 0.89
Bungarra LAVRD0112 348,347 6,968,296 505 -60 45 185 145 149 4 0.52
Bungarra LAVRD0115 348,481 6,968,205 504 -60 225 84 45 47 2 4.54
Bungarra LAVRD0115 348,481 6,968,205 504 -60 225 84 25 33 8 0.83
Bungarra LAVRD0116 348,489 6,968,204 504 -60 225 84 28 34 6 6.60
Bungarra LAVRD0116 348,489 6,968,204 504 -60 225 84 76 78 2 1.92
Bungarra LAVRD0117 348,499 6,968,205 504 -60 225 84 29 35 6 0.66
Bungarra LAVRD0118 348,517 6,968,236 503 -60 225 196 171 173 2 7.05
Bungarra LAVRD0118 348,517 6,968,236 503 -60 225 196 64 66 2 2.01
Bungarra LAVRD0119 348,526 6,968,236 503 -60 225 275 65 86 21 1.16
Bungarra LAVRD0119 348,526 6,968,236 503 -60 225 275 186 188 2 2.76
Bungarra LAVRD0119 348,526 6,968,236 503 -60 225 275 213 214 1 3.92
Bungarra LAVRD0119 348,526 6,968,236 503 -60 225 275 251 253 2 1.23
Bungarra LAVRD0121 348,369 6,968,355 504 -60 45 150 54 59 5 2.84
Bungarra LAVRD0121 348,369 6,968,355 504 -60 45 150 44 49 5 1.63
Bungarra LAVRD0121 348,369 6,968,355 504 -60 45 150 33 39 6 1.08
Bungarra LAVRD0122 348,357 6,968,355 504 -60 45 149 48 77 29 2.61
Bungarra LAVRD0123 348,348 6,968,355 504 -60 45 195 29 31 2 6.66
Bungarra LAVRD0123 348,348 6,968,355 504 -60 45 195 55 68 13 0.89
Bungarra LAVRD0123 348,348 6,968,355 504 -60 45 195 82 85 3 1.12
Bungarra LAVRD0125 348,492 6,968,243 503 -60 225 184 36 37 1 2.22
Bungarra LAVRD0126 348,478 6,968,222 504 -60 225 124 33 47 14 31.46
Bungarra LAVRD0126 348,478 6,968,222 504 -60 225 124 96 102 6 1.67
Bungarra LAVRD0126 348,478 6,968,222 504 -60 225 124 107 114 7 1.05
Bungarra LAVRD0127 348,488 6,968,220 504 -60 225 114 30 37 7 2.12
Bungarra LAVRD0127 348,488 6,968,220 504 -60 225 114 69 74 5 1.47
Bungarra LAVRD0128 348,528 6,968,273 502 -60 225 230 160 173 13 3.80
Bungarra LAVRD0128 348,528 6,968,273 502 -60 225 230 187 205 18 0.75

Page 30 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Bungarra LAVRD0130 348,494 6,968,238 503 -60 225 120 55 61 6 0.70
Bungarra LAVRD0131 348,472 6,968,243 503 -60 225 100 44 46 2 9.83
Bungarra LAVRD0132 348,480 6,968,245 503 -60 225 100 49 66 17 13.28
Bungarra LAVRD0132 348,480 6,968,245 503 -60 225 100 85 92 7 4.18
Bungarra LAVRD0133 348,449 6,968,248 503 -60 225 84 31 36 5 39.41
Bungarra LAVRD0134 348,458 6,968,257 503 -60 225 90 33 42 9 2.50
Bungarra LAVRD0135 348,468 6,968,266 503 -60 225 100 53 59 6 19.28
Bungarra LAVRD0135 348,468 6,968,266 503 -60 225 100 39 46 7 0.56
Bungarra LAVRD0135 348,468 6,968,266 503 -60 225 100 80 81 1 3.44
Bungarra LAVRD0136 348,476 6,968,274 503 -60 225 120 73 80 7 3.94
Bungarra LAVRD0136 348,476 6,968,274 503 -60 225 120 59 60 1 7.85
Bungarra LAVRD0137 348,349 6,968,427 504 -60 90 100 79 87 8 4.07
Bungarra LAVRD0137 348,349 6,968,427 504 -60 90 100 54 74 20 0.78
Bungarra LAVRD0137 348,349 6,968,427 504 -60 90 100 41 46 5 1.10
Bungarra LAVRD0138 348,347 6,968,410 504 -60 90 100 79 89 10 4.93
Bungarra LAVRD0138 348,347 6,968,410 504 -60 90 100 31 72 41 0.62
Bungarra LAVRD0140 348,321 6,968,410 505 -60 90 130 121 122 1 2.56
Bungarra LAVRD0140 348,321 6,968,410 505 -60 90 130 64 67 3 0.84
Bungarra LAVRD0142 348,347 6,968,451 504 -60 90 100 39 48 9 15.45
Bungarra LAVRD0142 348,347 6,968,451 504 -60 90 100 83 91 8 0.74
Bungarra LAVRD0144 348,327 6,968,375 505 -60 90 100 69 71 2 16.24
Bungarra LAVRD0144 348,327 6,968,375 505 -60 90 100 62 63 1 3.17
Bungarra LAVRD0145 348,360 6,968,275 505 -60 66 120 105 114 9 2.12
Bungarra LAVRD0145 348,360 6,968,275 505 -60 66 120 46 52 6 2.87
Bungarra LAVRD0147 348,385 6,968,481 503 -60 225 110 24 29 5 12.79
Bungarra LAVRD0147 348,385 6,968,481 503 -60 225 110 41 43 2 2.38
Bungarra LAVRD0148 348,405 6,968,487 503 -60 225 120 51 59 8 6.08
Bungarra LAVRD0148 348,405 6,968,487 503 -60 225 120 42 45 3 1.86
Bungarra LAVRD0149 348,385 6,968,470 503 -60 225 100 46 54 8 5.68
Bungarra LAVRD0149 348,385 6,968,470 503 -60 225 100 32 39 7 3.30
Bungarra LAVRD0149 348,385 6,968,470 503 -60 225 100 24 27 3 2.09
Bungarra LAVRD0150 348,414 6,968,491 503 -60 225 140 112 114 2 4.14
Bungarra LAVRD0150 348,414 6,968,491 503 -60 225 140 51 55 4 1.84
Bungarra LAVRD0150 348,414 6,968,491 503 -60 225 140 69 70 1 2.79
Bungarra LAVRD0151 348,413 6,968,470 503 -60 225 130 20 26 6 1.40
Bungarra LAVRD0151 348,413 6,968,470 503 -60 225 130 52 64 12 0.55
Bungarra LAVRD0153 348,382 6,968,493 503 -60 225 70 41 47 6 2.83
Bungarra LAVRD0154 348,396 6,968,504 503 -60 225 90 52 63 11 1.97
Bungarra LAVRD0154 348,396 6,968,504 503 -60 225 90 71 72 1 3.79
Bungarra LAVRD0155 348,402 6,968,519 503 -60 225 120 98 100 2 1.01
Bungarra LAVRD0156 348,405 6,968,502 503 -60 225 80 59 65 6 16.16
Bungarra LAVRD0157 348,413 6,968,500 503 -60 225 80 64 71 7 0.63
Bungarra LAVRD0158 348,386 6,968,532 503 -60 225 100 78 92 14 2.05
Bungarra LAVRD0161 348,432 6,968,449 503 -60 225 100 49 62 13 1.11
Bungarra LAVRD0162 348,454 6,968,454 502 -60 225 100 29 33 4 1.21

Page 31 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Bungarra LAVRD0163 348,407 6,968,406 503 -60 90 80 35 60 25 1.00
Bungarra LAVRD0163 348,407 6,968,406 503 -60 90 80 15 18 3 2.27
Bungarra LAVRD0164 348,388 6,968,407 503 -60 90 80 21 30 9 1.28
Bungarra LAVRD0165 348,407 6,968,408 503 -60 270 80 18 33 15 1.99
Bungarra LAVRD0165 348,407 6,968,408 503 -60 270 80 47 54 7 0.56
Bungarra LAVRD0166 348,405 6,968,403 503 -60 0 80 26 44 18 1.88
Bungarra LAVRD0166 348,405 6,968,403 503 -60 0 80 56 70 14 0.81
Bungarra LAVRD0167 348,454 6,968,419 503 -60 225 80 35 36 1 8.72
Bungarra LAVRD0168 348,369 6,968,422 504 -60 90 100 25 33 8 2.52
Bungarra LAVRD0168 348,369 6,968,422 504 -60 90 100 93 98 5 3.37
Bungarra LAVRD0168 348,369 6,968,422 504 -60 90 100 50 56 6 1.44
Bungarra LAVRD0169 348,358 6,968,427 504 -60 90 100 22 32 10 2.05
Bungarra LAVRD0169 348,358 6,968,427 504 -60 90 100 43 64 21 0.85
Bungarra LAVRD0169 348,358 6,968,427 504 -60 90 100 85 91 6 1.47
Bungarra LAVRD0169 348,358 6,968,427 504 -60 90 100 69 77 8 0.88
Bungarra LAVRD0170 348,337 6,968,450 504 -60 90 120 75 79 4 4.17
Bungarra LAVRD0170 348,337 6,968,450 504 -60 90 120 51 61 10 1.17
Bungarra LAVRD0170 348,337 6,968,450 504 -60 90 120 96 97 1 4.88
Bungarra LAVRD0170 348,337 6,968,450 504 -60 90 120 34 35 1 3.52
Bungarra LAVRD0173 348,346 6,968,470 504 -60 90 110 44 53 9 4.32
Bungarra LAVRD0174 348,361 6,968,413 504 -60 90 100 34 46 12 0.89
Bungarra LAVRD0174 348,361 6,968,413 504 -60 90 100 26 29 3 0.88
Bungarra LAVRD0176 348,397 6,968,369 504 -60 90 90 47 49 2 1.35
Bungarra LAVRD0176 348,397 6,968,369 504 -60 90 90 54 58 4 0.67
Bungarra LAVRD0177 348,427 6,968,351 504 -60 90 60 24 29 5 0.72
Bungarra LAVRD0178 348,409 6,968,354 504 -60 90 90 37 44 7 5.09
Bungarra LAVRD0178 348,409 6,968,354 504 -60 90 90 53 60 7 0.80
Bungarra LAVRD0180 348,399 6,968,315 504 -60 90 90 48 68 20 0.62
Bungarra LAVRD0180 348,399 6,968,315 504 -60 90 90 31 32 1 3.62
Bungarra LAVRD0180 348,399 6,968,315 504 -60 90 90 89 90 1 3.46
Bungarra LAVRD0180 348,399 6,968,315 504 -60 90 90 73 75 2 1.23
Bungarra RC1 348,390 6,968,322 504 -90 0 75 49 60 11 0.64
Bungarra RC11 348,355 6,968,337 504 -60 90 71 52 71 19 1.30
Bungarra RC11 348,355 6,968,337 504 -60 90 71 38 43 5 0.69
Bungarra RC12 348,375 6,968,271 505 -60 90 90 42 47 5 0.52
Bungarra RC14 348,403 6,968,372 504 -90 0 73 49 52 3 0.87
Bungarra RC15 348,411 6,968,372 503 -60 90 81 46 60 14 1.20
Bungarra RC16 348,438 6,968,423 503 -90 0 80 30 48 18 0.89
Bungarra RC16 348,438 6,968,423 503 -90 0 80 20 25 5 0.96
Bungarra RC2 348,359 6,968,372 504 -60 90 59 39 49 10 0.75
Bungarra RC3 348,380 6,968,372 504 -60 90 85 34 42 8 0.75
Bungarra RC3 348,380 6,968,372 504 -60 90 85 27 33 6 0.57
Bungarra RC4 348,380 6,968,322 504 -90 0 72 48 69 21 3.55
Bungarra RC5 348,370 6,968,322 504 -90 0 79 42 51 9 0.53
Bungarra RC6 348,398 6,968,423 504 -90 0 66 12 28 16 1.17

Page 32 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Bungarra RC7 348,419 6,968,422 503 -90 0 70 6 47 41 1.02
Boundary BDDD071 345,460 6,971,855 500 -60 277 218 161 169 8 0.91
Boundary BDDD088 345,055 6,971,926 495 -60 90 395 280 285 5 6.45
Boundary BDDD088 345,055 6,971,926 495 -60 90 395 258 264 6 3.12
Boundary BDDD088 345,055 6,971,926 495 -60 90 395 245 252 7 1.01
Boundary BDDD088 345,055 6,971,926 495 -60 90 395 234 238 4 0.59
Boundary BDDD089 345,059 6,971,876 495 -60 90 330 282 287 5 2.91
Boundary BDDD089 345,059 6,971,876 495 -60 90 330 247 249 2 1.48
Boundary BDDD089 345,059 6,971,876 495 -60 90 330 270 271 1 2.57
Boundary BDGW0003 345,221 6,971,893 494 -90 0 130 72 78 6 12.11
Boundary BDGW0003 345,221 6,971,893 494 -90 0 130 83 94 11 1.48
Boundary BDGW0003 345,221 6,971,893 494 -90 0 130 40 43 3 2.91
Boundary BDGW0003 345,221 6,971,893 494 -90 0 130 111 118 7 1.14
Boundary BDGW0007 345,236 6,971,889 494 -90 0 121 60 79 19 2.84
Boundary BDGW0007 345,236 6,971,889 494 -90 0 121 84 103 19 1.00
Boundary BDGW0007 345,236 6,971,889 494 -90 0 121 118 119 1 4.73
Boundary BDGW0008 345,210 6,971,489 497 -90 0 127 52 71 19 1.14
Boundary BDGW0008 345,210 6,971,489 497 -90 0 127 26 32 6 0.56
Boundary BDGW0011 345,144 6,971,839 495 -90 0 121 72 77 5 1.16
Boundary BDRC001 345,273 6,971,941 494 -60 270 136 109 129 20 1.91
Boundary BDRC001 345,273 6,971,941 494 -60 270 136 88 100 12 0.67
Boundary BDRC001 345,273 6,971,941 494 -60 270 136 32 34 2 1.29
Boundary BDRC001 345,273 6,971,941 494 -60 270 136 54 57 3 0.81
Boundary BDRC002 345,314 6,971,943 494 -60 270 180 127 161 34 2.21
Boundary BDRC002 345,314 6,971,943 494 -60 270 180 101 117 16 1.31
Boundary BDRC002 345,314 6,971,943 494 -60 270 180 36 38 2 2.46
Boundary BDRC002 345,314 6,971,943 494 -60 270 180 168 174 6 0.55
Boundary BDRC003 345,325 6,971,971 494 -60 270 190 120 124 4 13.62
Boundary BDRC003 345,325 6,971,971 494 -60 270 190 129 139 10 1.85
Boundary BDRC003 345,325 6,971,971 494 -60 270 190 94 96 2 8.79
Boundary BDRC003 345,325 6,971,971 494 -60 270 190 172 178 6 0.63
Boundary BDRC003 345,325 6,971,971 494 -60 270 190 156 160 4 0.70
Boundary BDRC004 345,323 6,971,820 495 -60 270 106 91 96 5 0.81
Boundary BDRC005 345,316 6,971,845 495 -60 270 145 76 92 16 1.06
Boundary BDRC005 345,316 6,971,845 495 -60 270 145 128 132 4 0.51
Boundary BDRC006 345,351 6,971,847 495 -60 270 77 76 77 1 5.18
Boundary BDRC008 345,264 6,971,867 494 -60 270 132 97 103 6 3.60
Boundary BDRC008 345,264 6,971,867 494 -60 270 132 21 24 3 3.54
Boundary BDRC009 345,304 6,971,868 494 -60 270 150 115 122 7 2.77
Boundary BDRC009 345,304 6,971,868 494 -60 270 150 16 27 11 1.46
Boundary BDRC009 345,304 6,971,868 494 -60 270 150 32 35 3 1.11
Boundary BDRC011 345,301 6,971,968 494 -60 270 154 80 85 5 9.42
Boundary BDRC011 345,301 6,971,968 494 -60 270 154 125 127 2 4.50
Boundary BDRC011 345,301 6,971,968 494 -60 270 154 140 144 4 1.73
Boundary BDRC011 345,301 6,971,968 494 -60 270 154 113 114 1 3.10

Page 33 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary BDRC012 345,340 6,971,871 495 -65 270 176 77 80 3 3.65
Boundary BDRC012 345,340 6,971,871 495 -65 270 176 158 159 1 3.94
Boundary BDRC012 345,340 6,971,871 495 -65 270 176 126 127 1 2.15
Boundary BDRC014 345,275 6,971,916 494 -60 270 154 62 89 27 4.53
Boundary BDRC014 345,275 6,971,916 494 -60 270 154 128 139 11 4.25
Boundary BDRC014 345,275 6,971,916 494 -60 270 154 20 24 4 6.90
Boundary BDRC014 345,275 6,971,916 494 -60 270 154 52 55 3 2.12
Boundary BDRC015 345,243 6,971,938 494 -60 270 120 47 48 1 7.78
Boundary BDRC016 345,246 6,971,964 494 -60 270 154 47 52 5 3.21
Boundary BDRC017 345,247 6,972,013 493 -60 270 190 149 159 10 2.03
Boundary BDRC018 345,354 6,971,922 494 -60 270 196 100 117 17 0.92
Boundary BDRC018 345,354 6,971,922 494 -60 270 196 138 140 2 4.94
Boundary BDRC018 345,354 6,971,922 494 -60 270 196 89 92 3 1.42
Boundary BDRC018 345,354 6,971,922 494 -60 270 196 162 165 3 1.23
Boundary BDRC018 345,354 6,971,922 494 -60 270 196 172 173 1 2.60
Boundary BDRC019 345,248 6,971,739 495 -60 270 150 67 73 6 2.61
Boundary BDRC022 345,325 6,971,995 494 -60 270 150 128 132 4 2.98
Boundary BDRC022 345,325 6,971,995 494 -60 270 150 140 144 4 1.71
Boundary BDRC025 345,225 6,971,813 495 -60 268 124 114 117 3 1.87
Boundary BDRC026 345,363 6,971,822 495 -60 268 168 108 118 10 1.86
Boundary BDRC026 345,363 6,971,822 495 -60 268 168 62 63 1 3.10
Boundary BDRC026 345,363 6,971,822 495 -60 268 168 76 77 1 2.80
Boundary BDRC027 345,257 6,971,840 494 -60 268 118 18 23 5 4.74
Boundary BDRC028 345,372 6,971,848 495 -60 268 190 104 111 7 3.35
Boundary BDRC028 345,372 6,971,848 495 -60 268 190 81 86 5 1.06
Boundary BDRC030 345,206 6,971,911 494 -70 268 150 89 104 15 3.03
Boundary BDRC030 345,206 6,971,911 494 -70 268 150 73 82 9 2.99
Boundary BDRC030 345,206 6,971,911 494 -70 268 150 121 134 13 1.59
Boundary BDRC030 345,206 6,971,911 494 -70 268 150 145 150 5 1.76
Boundary BDRC030 345,206 6,971,911 494 -70 268 150 113 116 3 0.75
Boundary BDRC031 345,255 6,971,914 494 -60 268 140 24 32 8 0.64
Boundary BDRC032 345,304 6,971,918 494 -60 268 183 170 177 7 3.88
Boundary BDRC032 345,304 6,971,918 494 -60 268 183 79 97 18 1.16
Boundary BDRC032 345,304 6,971,918 494 -60 268 183 125 150 25 0.82
Boundary BDRC032 345,304 6,971,918 494 -60 268 183 57 63 6 0.83
Boundary BDRC032 345,304 6,971,918 494 -60 268 183 112 117 5 0.84
Boundary BDRC033 345,374 6,971,924 495 -60 268 180 149 152 3 2.63
Boundary BDRC033 345,374 6,971,924 495 -60 268 180 134 140 6 0.59
Boundary BDRC033 345,374 6,971,924 495 -60 268 180 84 86 2 1.47
Boundary BDRC033 345,374 6,971,924 495 -60 268 180 108 111 3 0.76
Boundary BDRC034 345,393 6,971,926 495 -60 268 180 140 152 12 1.28
Boundary BDRC034 345,393 6,971,926 495 -60 268 180 130 134 4 1.56
Boundary BDRC034 345,393 6,971,926 495 -60 268 180 166 170 4 1.40
Boundary BDRC035 345,334 6,971,945 494 -60 268 200 153 180 27 9.34
Boundary BDRC035 345,334 6,971,945 494 -60 268 200 124 148 24 1.30

Page 34 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary BDRC035 345,334 6,971,945 494 -60 268 200 109 112 3 2.65
Boundary BDRC036 345,379 6,971,949 495 -60 268 200 140 150 10 4.44
Boundary BDRC036 345,379 6,971,949 495 -60 268 200 130 131 1 2.85
Boundary BDRC038 345,383 6,971,823 495 -60 268 180 166 177 11 1.66
Boundary BDRC038 345,383 6,971,823 495 -60 268 180 79 85 6 0.87
Boundary BDRC040 345,413 6,971,977 496 -60 268 184 97 117 20 0.81
Boundary BDRC040 345,413 6,971,977 496 -60 268 184 81 88 7 0.93
Boundary BDRC041 345,300 6,971,993 494 -60 268 202 180 182 2 5.14
Boundary BDRC041 345,300 6,971,993 494 -60 268 202 132 135 3 1.75
Boundary BDRC041 345,300 6,971,993 494 -60 268 202 123 124 1 2.35
Boundary BDRC043 345,351 6,971,851 495 -60 268 141 81 100 19 0.73
Boundary BDRC045 345,391 6,971,849 495 -60 268 150 115 117 2 14.38
Boundary BDRC045 345,391 6,971,849 495 -60 268 150 72 75 3 1.89
Boundary BDRC045 345,391 6,971,849 495 -60 268 150 57 63 6 0.84
Boundary BDRC046 345,231 6,972,037 493 -60 268 184 162 164 2 14.30
Boundary BDRC051 345,380 6,971,873 495 -60 270 200 154 157 3 1.67
Boundary BDRC051 345,380 6,971,873 495 -60 270 200 142 146 4 0.83
Boundary BDRC058 345,289 6,971,917 495 -60 270 180 73 118 45 6.07
Boundary BDRC058 345,289 6,971,917 495 -60 270 180 61 64 3 8.93
Boundary BDRC058 345,289 6,971,917 495 -60 270 180 152 160 8 1.05
Boundary BDRC058 345,289 6,971,917 495 -60 270 180 127 132 5 1.57
Boundary BDRC058 345,289 6,971,917 495 -60 270 180 174 176 2 2.50
Boundary BDRC059 345,412 6,971,926 500 -60 270 200 21 23 2 7.44
Boundary BDRC059 345,412 6,971,926 500 -60 270 200 28 31 3 2.05
Boundary BDRC059 345,412 6,971,926 500 -60 270 200 128 131 3 2.01
Boundary BDRC059 345,412 6,971,926 500 -60 270 200 197 199 2 1.93
Boundary BDRC059 345,412 6,971,926 500 -60 270 200 160 161 1 3.04
Boundary BDRC060 345,257 6,971,939 494 -60 270 120 38 46 8 17.14
Boundary BDRC060 345,257 6,971,939 494 -60 270 120 20 23 3 10.33
Boundary BDRC061 345,295 6,971,941 494 -60 270 170 73 96 23 4.16
Boundary BDRC061 345,295 6,971,941 494 -60 270 170 62 67 5 3.16
Boundary BDRC061 345,295 6,971,941 494 -60 270 170 105 114 9 1.37
Boundary BDRC061 345,295 6,971,941 494 -60 270 170 119 121 2 4.31
Boundary BDRC061 345,295 6,971,941 494 -60 270 170 53 55 2 2.51
Boundary BDRC061 345,295 6,971,941 494 -60 270 170 131 134 3 1.43
Boundary BDRC061 345,295 6,971,941 494 -60 270 170 150 154 4 0.74
Boundary BDRC062 345,433 6,971,979 496 -60 270 170 148 150 2 10.62
Boundary BDRC062 345,433 6,971,979 496 -60 270 170 109 118 9 1.72
Boundary BDRC062 345,433 6,971,979 496 -60 270 170 97 98 1 3.95
Boundary BDRC063 345,392 6,971,975 495 -60 270 140 64 67 3 1.80
Boundary BDRC064 345,399 6,971,950 495 -60 270 200 45 72 27 1.11
Boundary BDRC064 345,399 6,971,950 495 -60 270 200 192 199 7 3.81
Boundary BDRC065 345,425 6,972,001 497 -60 270 159 126 156 30 2.15
Boundary BDRC066 345,163 6,971,741 495 -60 90 110 67 78 11 2.56
Boundary BDRC066 345,163 6,971,741 495 -60 90 110 57 60 3 3.22

Page 35 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary BDRC067 345,346 6,972,046 496 -60 270 153 125 130 5 1.26
Boundary BDRC072 345,436 6,971,903 496 -60 277 200 58 79 21 1.71
Boundary BDRC072 345,436 6,971,903 496 -60 277 200 24 33 9 1.87
Boundary BDRC072 345,436 6,971,903 496 -60 277 200 140 146 6 0.98
Boundary BDRC073 345,453 6,971,954 496 -60 276 102 96 102 6 1.88
Boundary BDRC074 345,389 6,971,999 500 -60 270 150 103 115 12 1.91
Boundary BDRC074 345,389 6,971,999 500 -60 270 150 134 144 10 1.21
Boundary BDRC077 345,092 6,971,827 495 -60 90 200 104 119 15 0.68
Boundary BDRC080 345,291 6,972,093 500 -60 270 172 148 158 10 1.17
Boundary BDRC083 345,434 6,971,877 495 -60 270 135 63 73 10 1.56
Boundary BDRC083 345,434 6,971,877 495 -60 270 135 51 58 7 0.83
Boundary BDRC083 345,434 6,971,877 495 -60 270 135 82 87 5 0.76
Boundary BDRC085 345,112 6,971,830 495 -60 90 121 69 81 12 2.51
Boundary BDRC089 345,059 6,971,876 495 -60 90 201 127 129 2 5.15
Boundary BDRD0001 345,344 6,971,758 495 -60 225 294 87 88 1 17.60
Boundary BDRD0002 345,276 6,971,835 495 -60 270 299 45 54 9 9.58
Boundary BDRD0002 345,276 6,971,835 495 -60 270 299 104 113 9 7.16
Boundary BDRD0002 345,276 6,971,835 495 -60 270 299 60 74 14 0.90
Boundary BDRD0002 345,276 6,971,835 495 -60 270 299 89 91 2 2.30
Boundary BDRD0002 345,276 6,971,835 495 -60 270 299 81 84 3 1.16
Boundary BDRD0002 345,276 6,971,835 495 -60 270 299 19 21 2 1.64
Boundary BDRD0002 345,276 6,971,835 495 -60 270 299 150 152 2 1.64
Boundary BDRD0003 345,255 6,971,759 495 -60 225 204 133 139 6 1.75
Boundary BDRD0003 345,255 6,971,759 495 -60 225 204 73 79 6 1.60
Boundary BDRD0004 345,284 6,971,756 495 -60 225 199 129 134 5 1.00
Boundary BDRD0004 345,284 6,971,756 495 -60 225 199 140 143 3 1.25
Boundary BDRD0006 345,207 6,971,761 495 -60 225 210 203 210 7 1.05
Boundary BDRD0006 345,207 6,971,761 495 -60 225 210 60 62 2 2.45
Boundary BDRD0007 345,240 6,971,739 495 -60 225 195 169 175 6 1.40
Boundary BDRD0007 345,240 6,971,739 495 -60 225 195 119 124 5 0.79
Boundary BDRD0007 345,240 6,971,739 495 -60 225 195 77 79 2 1.86
Boundary BDRD0007 345,240 6,971,739 495 -60 225 195 102 107 5 0.50
Boundary BDRD0007 345,240 6,971,739 495 -60 225 195 59 60 1 2.40
Boundary BDRD0008 345,226 6,971,761 495 -60 225 200 68 85 17 1.53
Boundary BDRD0008 345,226 6,971,761 495 -60 225 200 27 30 3 7.99
Boundary BDRD0009 345,384 6,971,922 495 -60 246 300 146 150 4 5.39
Boundary BDRD0009 345,384 6,971,922 495 -60 246 300 236 238 2 1.71
Boundary BDRD0010 345,287 6,971,920 494 -60 246 300 62 107 45 2.01
Boundary BDRD0010 345,287 6,971,920 494 -60 246 300 137 148 11 2.38
Boundary BDRD0010 345,287 6,971,920 494 -60 246 300 195 200 5 2.36
Boundary BDRD0010 345,287 6,971,920 494 -60 246 300 115 128 13 0.79
Boundary BDRD0010 345,287 6,971,920 494 -60 246 300 281 283 2 3.17
Boundary BDRD0010 345,287 6,971,920 494 -60 246 300 221 230 9 0.70
Boundary BDRD0010 345,287 6,971,920 494 -60 246 300 36 37 1 4.88
Boundary BDRD0011 345,346 6,971,851 495 -60 246 300 51 66 15 4.32

Page 36 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary BDRD0011 345,346 6,971,851 495 -60 246 300 98 108 10 1.93
Boundary BDRD0011 345,346 6,971,851 495 -60 246 300 205 211 6 1.73
Boundary BDRD0011 345,346 6,971,851 495 -60 246 300 88 91 3 3.22
Boundary BDRD0011 345,346 6,971,851 495 -60 246 300 73 82 9 0.91
Boundary BDRD0011 345,346 6,971,851 495 -60 246 300 244 247 3 2.03
Boundary BDRD0011 345,346 6,971,851 495 -60 246 300 238 239 1 2.47
Boundary BDRD0011 345,346 6,971,851 495 -60 246 300 133 137 4 0.58
Boundary BDRD0013 345,440 6,971,880 495 -60 270 90 71 75 4 1.37
Boundary BDRD0016 345,461 6,971,917 496 -60 270 90 82 84 2 1.06
Boundary BDRD0018 345,423 6,971,902 495 -60 270 90 60 67 7 0.83
Boundary BDRD0018 345,423 6,971,902 495 -60 270 90 51 52 1 3.50
Boundary BDRD0019 345,420 6,971,920 495 -60 270 90 34 38 4 1.66
Boundary BDRD0020 345,438 6,971,918 495 -60 270 90 57 64 7 1.30
Boundary BDRD0020 345,438 6,971,918 495 -60 270 90 70 80 10 0.66
Boundary BDRD0020 345,438 6,971,918 495 -60 270 90 47 52 5 0.81
Boundary BDRD0021 345,419 6,971,948 495 -60 270 90 43 88 45 0.97
Boundary BDRD0022 345,270 6,971,878 494 -60 270 150 55 95 40 3.17
Boundary BDRD0022 345,270 6,971,878 494 -60 270 150 122 126 4 8.81
Boundary BDRD0022 345,270 6,971,878 494 -60 270 150 25 38 13 1.39
Boundary BDRD0022 345,270 6,971,878 494 -60 270 150 104 106 2 2.73
Boundary BDRD0023 345,250 6,971,929 494 -60 270 70 39 40 1 3.68
Boundary BDRD0024 345,268 6,971,933 494 -60 270 150 107 118 11 2.61
Boundary BDRD0024 345,268 6,971,933 494 -60 270 150 48 66 18 0.90
Boundary BDRD0024 345,268 6,971,933 494 -60 270 150 27 29 2 4.84
Boundary BDRD0024 345,268 6,971,933 494 -60 270 150 91 93 2 3.77
Boundary BDRD0024 345,268 6,971,933 494 -60 270 150 35 36 1 5.93
Boundary BDRD0025 345,296 6,971,930 494 -60 270 150 93 140 47 3.42
Boundary BDRD0025 345,296 6,971,930 494 -60 270 150 62 85 23 1.29
Boundary BDRD0025 345,296 6,971,930 494 -60 270 150 51 53 2 2.64
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 210 250 40 0.85
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 87 100 13 1.89
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 113 120 7 2.89
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 185 205 20 0.75
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 280 297 17 0.84
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 129 139 10 1.22
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 171 173 2 2.56
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 259 264 5 0.82
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 72 73 1 2.45
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 163 166 3 0.79
Boundary BDRD0026 345,349 6,971,881 495 -60 270 300 105 106 1 2.35
Boundary BDRD0027 345,289 6,971,873 494 -60 270 150 69 81 12 1.55
Boundary BDRD0027 345,289 6,971,873 494 -60 270 150 135 144 9 1.99
Boundary BDRD0027 345,289 6,971,873 494 -60 270 150 119 130 11 0.80
Boundary BDRD0027 345,289 6,971,873 494 -60 270 150 23 27 4 1.77
Boundary BDRD0027 345,289 6,971,873 494 -60 270 150 111 113 2 1.71

Page 37 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary BDRD0028 345,369 6,971,894 495 -60 270 250 69 74 5 3.81
Boundary BDRD0028 345,369 6,971,894 495 -60 270 250 174 175 1 5.38
Boundary BDRD0028 345,369 6,971,894 495 -60 270 250 243 250 7 0.73
Boundary BDRD0030 345,308 6,971,880 494 -60 270 150 74 82 8 10.78
Boundary BDRD0030 345,308 6,971,880 494 -60 270 150 146 150 4 2.45
Boundary BDRD0030 345,308 6,971,880 494 -60 270 150 50 52 2 2.90
Boundary BDRD0030 345,308 6,971,880 494 -60 270 150 117 126 9 0.61
Boundary BDRD0030 345,308 6,971,880 494 -60 270 150 91 95 4 0.60
Boundary BDRD0031 345,327 6,971,879 494 -60 270 170 75 94 19 0.78
Boundary BDRD0031 345,327 6,971,879 494 -60 270 170 147 149 2 2.14
Boundary BDRD0032 345,410 6,971,972 496 -60 225 250 46 82 36 0.87
Boundary BDRD0032 345,410 6,971,972 496 -60 225 250 177 186 9 0.85
Boundary BDRD0032 345,410 6,971,972 496 -60 225 250 138 139 1 3.10
Boundary BDRD0033 345,293 6,972,008 494 -60 225 249 114 116 2 24.21
Boundary BDRD0033 345,293 6,972,008 494 -60 225 249 136 159 23 1.42
Boundary BDRD0033 345,293 6,972,008 494 -60 225 249 240 245 5 1.50
Boundary BDRD0033 345,293 6,972,008 494 -60 225 249 165 173 8 0.90
Boundary BDRD0033 345,293 6,972,008 494 -60 225 249 121 123 2 2.30
Boundary BDRD0033 345,293 6,972,008 494 -60 225 249 188 194 6 0.60
Boundary BDRD0034 345,312 6,971,859 494 -60 270 138 73 89 16 0.95
Boundary BDRD0034 345,312 6,971,859 494 -60 270 138 104 110 6 0.53
Boundary BDRD0034 345,312 6,971,859 494 -60 270 138 118 120 2 1.55
Boundary BDRD0035 345,289 6,972,010 494 -60 180 138 127 138 11 0.87
Boundary BDRD0035 345,289 6,972,010 494 -60 180 138 90 92 2 1.79
Boundary BDRD0036 345,238 6,971,797 495 -60 225 199 81 94 13 1.23
Boundary BDRD0037 345,387 6,971,797 495 -60 270 200 108 111 3 0.84
Boundary BDRD0039 345,284 6,971,708 495 -60 225 180 83 86 3 0.83
Boundary BDRD0040 345,229 6,971,648 496 -60 225 150 69 82 13 0.82
Boundary BDRD0040 345,229 6,971,648 496 -60 225 150 50 62 12 0.56
Boundary BDRD0040 345,229 6,971,648 496 -60 225 150 90 92 2 2.56
Boundary BDRD0041 345,253 6,971,647 496 -60 225 150 48 55 7 1.33
Boundary BDRD0041 345,253 6,971,647 496 -60 225 150 114 115 1 2.30
Boundary BDRD0042 345,281 6,971,675 496 -60 270 200 59 64 5 0.85
Boundary BDRD0043 345,292 6,971,906 494 -60 260 245 179 209 30 3.82
Boundary BDRD0043 345,292 6,971,906 494 -60 260 245 84 97 13 1.06
Boundary BDRD0043 345,292 6,971,906 494 -60 260 245 65 76 11 0.95
Boundary BDRD0043 345,292 6,971,906 494 -60 260 245 161 166 5 1.53
Boundary BDRD0043 345,292 6,971,906 494 -60 260 245 18 26 8 0.67
Boundary BDRD0043 345,292 6,971,906 494 -60 260 245 138 141 3 1.70
Boundary BDRD0043 345,292 6,971,906 494 -60 260 245 59 60 1 4.02
Boundary BDRD0043 345,292 6,971,906 494 -60 260 245 102 106 4 0.88
Boundary BDRD0044 345,284 6,971,692 496 -60 270 200 163 166 3 2.45
Boundary BDRD0044 345,284 6,971,692 496 -60 270 200 51 59 8 0.92
Boundary BDRD0044 345,284 6,971,692 496 -60 270 200 114 127 13 0.51
Boundary BDRD0044 345,284 6,971,692 496 -60 270 200 137 139 2 1.09

Page 38 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary BDRD0046 345,189 6,971,646 496 -60 225 258 56 64 8 2.58
Boundary BDRD0046 345,189 6,971,646 496 -60 225 258 158 161 3 0.67
Boundary BDRD0048 345,235 6,971,554 497 -60 225 306 35 51 16 1.24
Boundary BDRD0049 345,330 6,972,032 495 -60 225 299 195 209 14 1.92
Boundary BDRD0049 345,330 6,972,032 495 -60 225 299 218 240 22 1.03
Boundary BDRD0049 345,330 6,972,032 495 -60 225 299 178 187 9 1.52
Boundary BDRD0049 345,330 6,972,032 495 -60 225 299 258 273 15 0.54
Boundary BDRD0049 345,330 6,972,032 495 -60 225 299 279 280 1 4.10
Boundary BDRD0049 345,330 6,972,032 495 -60 225 299 132 133 1 3.21
Boundary BDRD0049 345,330 6,972,032 495 -60 225 299 252 253 1 2.85
Boundary BDRD0051 345,364 6,972,018 495 -60 225 320 109 111 2 4.86
Boundary BDRD0051 345,364 6,972,018 495 -60 225 320 292 293 1 4.98
Boundary BDRD0051 345,364 6,972,018 495 -60 225 320 240 245 5 0.89
Boundary BDRD0051 345,364 6,972,018 495 -60 225 320 50 54 4 0.65
Boundary BDRD0051 345,364 6,972,018 495 -60 225 320 158 160 2 1.09
Boundary BDRD0052 345,201 6,971,671 496 -60 225 204 116 118 2 9.85
Boundary BDRD0052 345,201 6,971,671 496 -60 225 204 26 28 2 1.49
Boundary BDRD0053 345,385 6,972,032 496 -60 225 249 106 113 7 1.19
Boundary BDRD0053 345,385 6,972,032 496 -60 225 249 153 166 13 0.52
Boundary BDRD0053 345,385 6,972,032 496 -60 225 249 134 136 2 1.38
Boundary BDRD0053 345,385 6,972,032 496 -60 225 249 142 145 3 0.75
Boundary BDRD0054 345,172 6,971,673 496 -60 225 186 75 78 3 0.89
Boundary BDRD0055 345,417 6,972,009 497 -60 225 251 155 170 15 1.79
Boundary BDRD0055 345,417 6,972,009 497 -60 225 251 107 121 14 1.56
Boundary BDRD0055 345,417 6,972,009 497 -60 225 251 192 204 12 1.39
Boundary BDRD0055 345,417 6,972,009 497 -60 225 251 95 98 3 5.09
Boundary BDRD0055 345,417 6,972,009 497 -60 225 251 209 214 5 2.26
Boundary BDRD0061 345,410 6,971,994 496 -60 225 251 74 123 49 1.89
Boundary BDRD0061 345,410 6,971,994 496 -60 225 251 167 174 7 2.34
Boundary BDRD0063 345,404 6,971,943 495 -60 225 250 180 182 2 11.87
Boundary BDRD0063 345,404 6,971,943 495 -60 225 250 76 82 6 0.84
Boundary BDRD0063 345,404 6,971,943 495 -60 225 250 31 32 1 2.04
Boundary BDRD0064 345,235 6,971,706 496 -60 225 210 65 68 3 2.29
Boundary BDRD0064 345,235 6,971,706 496 -60 225 210 97 105 8 0.58
Boundary BDRD0064 345,235 6,971,706 496 -60 225 210 81 83 2 1.15
Boundary BDRD0064 345,235 6,971,706 496 -60 225 210 39 42 3 0.73
Boundary BDRD0065 345,400 6,971,917 495 -60 225 250 155 156 1 2.17
Boundary BDRD0066 345,242 6,971,619 496 -60 225 204 39 48 9 0.90
Boundary BDRD0067 345,372 6,971,946 495 -60 225 250 200 203 3 1.28
Boundary BDRD0067 345,372 6,971,946 495 -60 225 250 131 133 2 1.60
Boundary BDRD0067 345,372 6,971,946 495 -60 225 250 89 91 2 1.41
Boundary BDRD0068 345,355 6,972,059 496 -60 225 250 242 250 8 7.07
Boundary BDRD0068 345,355 6,972,059 496 -60 225 250 115 118 3 1.04
Boundary BDRD0068 345,355 6,972,059 496 -60 225 250 132 134 2 1.45
Boundary BDRD0068 345,355 6,972,059 496 -60 225 250 107 108 1 2.02

Page 39 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary BDRD0069 345,429 6,971,997 497 -60 225 250 95 101 6 8.01
Boundary BDRD0069 345,429 6,971,997 497 -60 225 250 159 171 12 1.45
Boundary BDRD0069 345,429 6,971,997 497 -60 225 250 218 221 3 2.00
Boundary BDRD0069 345,429 6,971,997 497 -60 225 250 194 198 4 0.65
Boundary BDRD0070 345,411 6,972,053 497 -60 225 250 158 166 8 0.67
Boundary BDRD0070 345,411 6,972,053 497 -60 225 250 207 210 3 1.24
Boundary BDRD0071 345,384 6,971,999 496 -60 225 250 68 76 8 4.79
Boundary BDRD0071 345,384 6,971,999 496 -60 225 250 189 190 1 2.42
Boundary BDRD0073 345,432 6,971,946 496 -60 235 250 45 52 7 1.29
Boundary BDRD0073 345,432 6,971,946 496 -60 235 250 60 62 2 3.50
Boundary BDRD0073 345,432 6,971,946 496 -60 235 250 106 113 7 0.96
Boundary BDRD0073 345,432 6,971,946 496 -60 235 250 76 83 7 0.64
Boundary BDRD0073 345,432 6,971,946 496 -60 235 250 133 138 5 0.69
Boundary BDRD0073 345,432 6,971,946 496 -60 235 250 88 90 2 1.21
Boundary BDRD0074 345,235 6,971,586 496 -60 225 200 32 41 9 1.51
Boundary BDRD0074 345,235 6,971,586 496 -60 225 200 46 51 5 0.98
Boundary BDRD0074 345,235 6,971,586 496 -60 225 200 84 85 1 2.57
Boundary BDRD0076 345,262 6,971,709 496 -60 225 200 140 160 20 1.45
Boundary BDRD0076 345,262 6,971,709 496 -60 225 200 167 171 4 0.67
Boundary BDRD0077 345,196 6,971,612 496 -60 225 100 61 66 5 0.75
Boundary BDRD0078 345,237 6,971,519 497 -60 225 100 45 67 22 1.75
Boundary BDRD0078 345,237 6,971,519 497 -60 225 100 76 85 9 1.16
Boundary BDRD0078 345,237 6,971,519 497 -60 225 100 90 97 7 1.06
Boundary BDRD0079 345,208 6,971,613 496 -60 225 100 87 89 2 6.79
Boundary BDRD0080 345,197 6,971,506 497 -60 225 100 56 58 2 1.02
Boundary BDRD0080 345,197 6,971,506 497 -60 225 100 83 84 1 2.02
Boundary BDRD0081 345,194 6,971,585 496 -60 225 100 56 61 5 0.84
Boundary BDRD0084 345,184 6,971,489 497 -60 225 100 57 72 15 1.81
Boundary BDRD0085 345,244 6,971,585 496 -60 225 100 56 76 20 0.80
Boundary BDRD0086 345,164 6,971,466 497 -60 225 100 20 22 2 3.45
Boundary BDRD0086 345,164 6,971,466 497 -60 225 100 27 29 2 1.96
Boundary BDRD0088 345,186 6,971,462 497 -60 225 100 95 98 3 9.61
Boundary BDRD0089 345,215 6,971,554 497 -60 225 100 68 70 2 3.29
Boundary BDRD0090 345,200 6,971,486 497 -60 225 100 95 96 1 9.05
Boundary BDRD0094 345,241 6,971,434 498 -60 225 100 62 89 27 4.07
Boundary BDRD0094 345,241 6,971,434 498 -60 225 100 28 45 17 1.44
Boundary BDRD0094 345,241 6,971,434 498 -60 225 100 95 100 5 1.44
Boundary BDRD0094 345,241 6,971,434 498 -60 225 100 50 52 2 1.69
Boundary BDRD0095 345,242 6,971,465 498 -60 225 100 67 96 29 0.77
Boundary BDRD0095 345,242 6,971,465 498 -60 225 100 56 62 6 0.89
Boundary BDRD0096 345,227 6,971,463 497 -60 225 100 14 26 12 3.05
Boundary BDRD0097 345,243 6,971,496 497 -60 225 100 52 86 34 1.32
Boundary BDRD0097 345,243 6,971,496 497 -60 225 100 93 95 2 1.20
Boundary BDRD0100 345,197 6,971,428 497 -60 225 100 55 61 6 4.23
Boundary BDRD0100 345,197 6,971,428 497 -60 225 100 67 82 15 1.13

Page 40 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary BDRD0101 345,169 6,971,375 498 -60 225 100 18 20 2 1.04
Boundary BDRD0102 345,180 6,971,431 497 -60 225 100 3 6 3 10.28
Boundary BDRD0102 345,180 6,971,431 497 -60 225 100 13 15 2 6.33
Boundary BDRD0102 345,180 6,971,431 497 -60 225 100 61 68 7 0.59
Boundary BDRD0103 345,179 6,971,373 498 -60 225 100 88 90 2 1.01
Boundary BDRD0105 345,195 6,971,379 498 -60 225 100 51 53 2 1.33
Boundary BDRD0106 345,325 6,971,807 495 -60 225 160 72 84 12 0.71
Boundary BDRD0107 345,211 6,971,368 498 -60 225 100 74 84 10 1.43
Boundary BDRD0107 345,211 6,971,368 498 -60 225 100 91 98 7 0.53
Boundary BDRD0108 345,287 6,971,810 495 -60 225 160 86 89 3 2.01
Boundary BDRD0111 345,188 6,971,338 498 -60 225 100 77 80 3 2.97
Boundary BDRD0111 345,188 6,971,338 498 -60 225 100 45 46 1 4.28
Boundary BDRD0112 345,282 6,971,789 495 -60 225 160 130 138 8 3.29
Boundary BDRD0112 345,282 6,971,789 495 -60 225 160 75 83 8 0.56
Boundary BDRD0112 345,282 6,971,789 495 -60 225 160 114 116 2 1.50
Boundary BDRD0114 345,266 6,971,782 495 -60 225 141 91 95 4 2.60
Boundary BDRD0114 345,266 6,971,782 495 -60 225 141 75 84 9 0.79
Boundary BDRD0114 345,266 6,971,782 495 -60 225 141 63 69 6 0.99
Boundary BDRD0115 345,171 6,971,852 494 -60 225 140 64 68 4 0.80
Boundary BDRD0116 345,264 6,971,766 495 -60 225 130 76 81 5 1.78
Boundary BDRD0117 345,182 6,971,861 494 -60 225 140 71 82 11 3.05
Boundary BDRD0117 345,182 6,971,861 494 -60 225 140 50 58 8 0.58
Boundary BDRD0118 345,158 6,971,873 494 -60 225 140 85 89 4 0.83
Boundary BDRD0120 345,247 6,971,806 495 -60 225 160 30 33 3 1.01
Boundary BDRD0120 345,247 6,971,806 495 -60 225 160 65 67 2 1.20
Boundary BDRD0120 345,247 6,971,806 495 -60 225 160 23 25 2 1.12
Boundary BDRD0122 345,346 6,971,800 495 -60 225 160 38 42 4 1.20
Boundary BDRD0125 345,226 6,971,805 495 -60 225 138 60 72 12 0.79
Boundary BDRD0127 345,247 6,971,784 495 -60 225 160 65 71 6 1.14
Boundary BDRD0130 345,180 6,971,877 494 -60 225 140 84 107 23 0.98
Boundary BDRD0130 345,180 6,971,877 494 -60 225 140 66 75 9 1.32
Boundary BDRD0131 345,265 6,971,746 495 -60 225 160 62 66 4 1.94
Boundary BDRD0132 345,166 6,971,887 494 -60 225 140 111 113 2 2.80
Boundary BDRD0133 345,215 6,971,789 495 -60 225 160 22 25 3 0.74
Boundary BDRD0135 345,159 6,971,902 494 -60 225 140 94 101 7 1.12
Boundary BDRD0137 345,147 6,971,922 494 -60 225 140 121 122 1 2.16
Boundary BDRD0138 345,208 6,971,810 495 -60 225 140 123 137 14 0.98
Boundary BDRD0138 345,208 6,971,810 495 -60 225 140 61 62 1 2.78
Boundary BDRD0139 345,264 6,971,808 495 -60 225 159 77 89 12 0.98
Boundary BDRD0139 345,264 6,971,808 495 -60 225 159 66 72 6 0.74
Boundary BDRD0140 345,259 6,971,434 498 -60 225 170 142 146 4 0.68
Boundary BDRD0142 345,182 6,971,517 497 -60 225 120 96 104 8 2.17
Boundary BDRD0144 345,259 6,971,681 496 -60 225 190 36 47 11 1.10
Boundary BDRD0148 345,200 6,971,704 495 -60 225 232 58 61 3 3.08
Boundary BRC1001 345,245 6,971,856 495 -60 0 155 88 110 22 2.09

Page 41 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary BRC1001 345,245 6,971,856 495 -60 0 155 64 82 18 1.02
Boundary BRC1001 345,245 6,971,856 495 -60 0 155 132 133 1 4.30
Boundary BRC1001 345,245 6,971,856 495 -60 0 155 118 123 5 0.72
Boundary BRC1002 345,248 6,971,821 495 -60 0 162 58 77 19 7.89
Boundary BRC1002 345,248 6,971,821 495 -60 0 162 89 110 21 1.58
Boundary BRC1002 345,248 6,971,821 495 -60 0 162 15 22 7 1.42
Boundary BRC1002 345,248 6,971,821 495 -60 0 162 129 132 3 3.00
Boundary BRC1002 345,248 6,971,821 495 -60 0 162 120 124 4 1.14
Boundary BRC1003 345,225 6,971,860 494 -60 0 156 126 128 2 19.35
Boundary BRC1003 345,225 6,971,860 494 -60 0 156 91 98 7 1.12
Boundary BRC1004 345,227 6,971,825 495 -60 0 152 30 36 6 5.70
Boundary BRC1004 345,227 6,971,825 495 -60 0 152 82 84 2 7.90
Boundary BRC1004 345,227 6,971,825 495 -60 0 152 89 91 2 1.83
Boundary BRC1004 345,227 6,971,825 495 -60 0 152 124 129 5 0.65
Boundary BRC1005 345,255 6,971,702 496 -60 0 160 60 96 36 1.36
Boundary BRC1005 345,255 6,971,702 496 -60 0 160 18 30 12 0.70
Boundary BRC1005 345,255 6,971,702 496 -60 0 160 51 53 2 2.45
Boundary BRC1005 345,255 6,971,702 496 -60 0 160 115 122 7 0.66
Boundary BRC1005 345,255 6,971,702 496 -60 0 160 101 102 1 2.60
Boundary DAC7 345,204 6,972,036 494 -60 270 60 0 4 4 0.96
Boundary DD005 345,235 6,971,939 494 -75 90 125 86 94 8 0.63
Boundary DD005 345,235 6,971,939 494 -75 90 125 102 104 2 1.01
Boundary DRC13 345,234 6,971,539 497 -60 270 207 30 35 5 8.12
Boundary DRC13 345,234 6,971,539 497 -60 270 207 60 61 1 2.22
Boundary DRC14 345,280 6,971,816 495 -60 270 152 64 95 31 1.07
Boundary DRC14 345,280 6,971,816 495 -60 270 152 147 152 5 1.36
Boundary DRC15 345,343 6,971,821 495 -60 270 132 68 77 9 1.93
Boundary DRC15 345,343 6,971,821 495 -60 270 132 114 115 1 3.47
Boundary DRC16 345,354 6,971,871 495 -66 270 201 186 200 14 1.01
Boundary DRC16 345,354 6,971,871 495 -66 270 201 135 152 17 0.57
Boundary DRC16 345,354 6,971,871 495 -66 270 201 77 81 4 2.22
Boundary DRC16 345,354 6,971,871 495 -66 270 201 93 101 8 1.08
Boundary DRC16 345,354 6,971,871 495 -66 270 201 108 115 7 1.22
Boundary DRC16 345,354 6,971,871 495 -66 270 201 123 127 4 1.20
Boundary DRC17 345,258 6,971,890 494 -65 270 147 76 80 4 0.59
Boundary DRC17 345,258 6,971,890 494 -65 270 147 28 32 4 0.57
Boundary DRC17 345,258 6,971,890 494 -65 270 147 96 100 4 0.57
Boundary DRP175 345,235 6,971,940 494 -90 0 53 41 53 12 1.61
Boundary DRP176 345,259 6,971,941 494 -90 0 44 20 44 24 3.88
Boundary DRP352 345,247 6,971,742 495 -60 270 73 23 34 11 0.83
Boundary DRP357 345,208 6,971,640 496 -60 268 71 62 64 2 1.42
Boundary DRP361 345,250 6,971,614 496 -60 265 52 44 52 8 1.24
Boundary DRP376 345,273 6,971,793 495 -60 266 74 68 72 4 0.79
Boundary DRP378 345,322 6,971,796 495 -60 272 69 63 69 6 1.00
Boundary DRP470 345,222 6,971,690 496 -60 270 74 58 66 8 1.00

Page 42 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary NPRD0019 345,221 6,971,343 498 -60 225 100 88 91 3 2.19
Boundary NPRD0019 345,221 6,971,343 498 -60 225 100 73 76 3 0.82
Boundary NPRD0075 345,239 6,971,411 498 -60 225 200 92 103 11 1.33
Boundary NPRD0075 345,239 6,971,411 498 -60 225 200 187 197 10 0.53
Boundary NPRD0075 345,239 6,971,411 498 -60 225 200 126 127 1 2.22
Boundary NPRD0076 345,211 6,971,391 498 -60 225 200 63 72 9 3.19
Boundary NPRD0076 345,211 6,971,391 498 -60 225 200 109 125 16 1.24
Boundary NPRD0076 345,211 6,971,391 498 -60 225 200 77 79 2 8.39
Boundary NPRD0076 345,211 6,971,391 498 -60 225 200 102 103 1 3.67
Boundary NPRD0077 345,234 6,971,345 498 -60 225 200 96 109 13 1.01
Boundary NPRD0077 345,234 6,971,345 498 -60 225 200 83 84 1 3.55
Boundary NPRD0078 345,215 6,971,344 498 -60 225 150 82 91 9 9.44
Boundary NPRD0079 345,195 6,971,344 498 -60 225 200 87 92 5 0.57
Boundary NPRD0082 345,197 6,971,411 497 -60 225 200 67 69 2 1.21
Boundary NPRD0083 345,184 6,971,410 498 -60 225 150 12 17 5 0.51
Boundary NPRD0084 345,167 6,971,431 498 -60 225 150 16 19 3 1.99
Boundary NPRD0084 345,167 6,971,431 498 -60 225 150 75 77 2 1.80
Boundary NPRD0085 345,250 6,971,519 497 -60 225 200 112 114 2 2.10
Boundary NPRD0086 345,250 6,971,554 497 -60 225 150 77 94 17 2.12
Boundary NPRD0087 345,255 6,971,585 496 -60 225 150 148 150 2 11.61
Boundary NPRD0087 345,255 6,971,585 496 -60 225 150 83 88 5 0.86
Boundary NPRD0088 345,257 6,971,612 496 -60 225 150 134 135 1 3.24
Boundary NPRD0088 345,257 6,971,612 496 -60 225 150 72 74 2 1.16
Boundary WDDH1 345,294 6,971,843 495 -60 270 215 42 51 9 13.55
Boundary WDDH1 345,294 6,971,843 495 -60 270 215 120.1 144 24 2.55
Boundary WDDH1 345,294 6,971,843 495 -60 270 215 59 78 19 2.18
Boundary WDDH1 345,294 6,971,843 495 -60 270 215 155.5 164.9 9 2.21
Boundary WDDH1 345,294 6,971,843 495 -60 270 215 149 150 1 11.90
Boundary WDDH1 345,294 6,971,843 495 -60 270 215 22 24 2 2.77
Boundary WDDH1 345,294 6,971,843 495 -60 270 215 97 101 4 0.59
Boundary WDDH10 345,337 6,971,921 494 -60 270 250 151 181 30 5.16
Boundary WDDH10 345,337 6,971,921 494 -60 270 250 121 138 17 2.15
Boundary WDDH10 345,337 6,971,921 494 -60 270 250 218 224 6 2.55
Boundary WDDH10 345,337 6,971,921 494 -60 270 250 66 83 17 0.63
Boundary WDDH10 345,337 6,971,921 494 -60 270 250 204 210 6 0.53
Boundary WDDH10 345,337 6,971,921 494 -60 270 250 90 92 2 1.52
Boundary WDDH10 345,337 6,971,921 494 -60 270 250 243 244 1 2.70
Boundary WDDH10 345,337 6,971,921 494 -60 270 250 99 100 1 2.21
Boundary WDDH10 345,337 6,971,921 494 -60 270 250 235 236 1 2.14
Boundary WDDH11 345,332 6,971,846 495 -60 270 262 251 254 3 2.35
Boundary WDDH11 345,332 6,971,846 495 -60 270 262 104 114 10 0.66
Boundary WDDH11 345,332 6,971,846 495 -60 270 262 152 158 6 0.53
Boundary WDDH11 345,332 6,971,846 495 -60 270 262 18 19 1 2.59
Boundary WDDH11 345,332 6,971,846 495 -60 270 262 90 92 2 1.07
Boundary WDDH12 345,354 6,971,947 494 -60 270 228 226 227 1 23.94

Page 43 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary WDDH12 345,354 6,971,947 494 -60 270 228 156 157 1 9.33
Boundary WDDH12 345,354 6,971,947 494 -60 270 228 133 142 9 0.98
Boundary WDDH12 345,354 6,971,947 494 -60 270 228 186 192 6 1.11
Boundary WDDH12 345,354 6,971,947 494 -60 270 228 87 90 3 1.68
Boundary WDDH13 345,321 6,971,919 494 -60 270 150 23 25 2 21.00
Boundary WDDH13 345,321 6,971,919 494 -60 270 150 86 106 20 1.86
Boundary WDDH13 345,321 6,971,919 494 -60 270 150 137 149 12 2.46
Boundary WDDH13 345,321 6,971,919 494 -60 270 150 125 129 4 6.87
Boundary WDDH13 345,321 6,971,919 494 -60 270 150 72 80 8 1.73
Boundary WDDH13 345,321 6,971,919 494 -60 270 150 115 119 4 1.32
Boundary WDDH13 345,321 6,971,919 494 -60 270 150 65 66 1 2.73
Boundary WDDH14 345,288 6,971,892 495 -60 270 150 131 137 6 5.59
Boundary WDDH14 345,288 6,971,892 495 -60 270 150 53 59 6 4.12
Boundary WDDH14 345,288 6,971,892 495 -60 270 150 99 111 12 1.32
Boundary WDDH14 345,288 6,971,892 495 -60 270 150 15 23 8 1.84
Boundary WDDH14 345,288 6,971,892 495 -60 270 150 86 94 8 1.60
Boundary WDDH14 345,288 6,971,892 495 -60 270 150 66 78 12 0.58
Boundary WDDH2 345,152 6,971,833 494 -60 90 189 133 135 2 31.32
Boundary WDDH2 345,152 6,971,833 494 -60 90 189 146 147.2 1 3.47
Boundary WDDH3 345,174 6,971,889 494 -72 135 284 216 234 18 2.98
Boundary WDDH3 345,174 6,971,889 494 -72 135 284 239 242 3 9.46
Boundary WDDH3 345,174 6,971,889 494 -72 135 284 198 207 9 1.21
Boundary WDDH3 345,174 6,971,889 494 -72 135 284 185 189 4 1.98
Boundary WDDH3 345,174 6,971,889 494 -72 135 284 135.1 138.7 4 1.29
Boundary WDDH4 345,412 6,971,852 495 -60 270 111 68 70 2 2.53
Boundary WDDH4 345,412 6,971,852 495 -60 270 111 89 93 4 0.66
Boundary WDDH5 345,305 6,971,818 495 -60 270 257 67 85 18 0.83
Boundary WDDH5 345,305 6,971,818 495 -60 270 257 105 108 3 0.84
Boundary WDDH7 345,325 6,971,870 495 -60 270 276 181 182 1 15.30
Boundary WDDH7 345,325 6,971,870 495 -60 270 276 71 86 15 0.93
Boundary WDDH7 345,325 6,971,870 495 -60 270 276 256 259 3 3.49
Boundary WDDH7 345,325 6,971,870 495 -60 270 276 213 219 6 0.74
Boundary WDDH7 345,325 6,971,870 495 -60 270 276 142 147 5 0.65
Boundary WDDH7 345,325 6,971,870 495 -60 270 276 103 105.5 3 1.02
Boundary WDDH7 345,325 6,971,870 495 -60 270 276 38 43 5 0.61
Boundary WDDH8 345,313 6,971,894 494 -60 270 204 171 176 5 60.25
Boundary WDDH8 345,313 6,971,894 494 -60 270 204 23 24 1 17.39
Boundary WDDH8 345,313 6,971,894 494 -60 270 204 105 122 17 0.96
Boundary WDDH8 345,313 6,971,894 494 -60 270 204 69 80 11 0.61
Boundary WDDH8 345,313 6,971,894 494 -60 270 204 145 146 1 5.54
Boundary WDDH8 345,313 6,971,894 494 -60 270 204 94 99.4 5 0.67
Boundary WDDH9 345,333 6,971,896 494 -60 270 250 196 207 11 16.56
Boundary WDDH9 345,333 6,971,896 494 -60 270 250 212 229 17 1.67
Boundary WDDH9 345,333 6,971,896 494 -60 270 250 243 244 1 16.92
Boundary WDDH9 345,333 6,971,896 494 -60 270 250 120 123 3 3.08

Page 44 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary WDDH9 345,333 6,971,896 494 -60 270 250 145 151 6 1.04
Boundary WDDH9 345,333 6,971,896 494 -60 270 250 103 104 1 4.57
Boundary WDDH9 345,333 6,971,896 494 -60 270 250 157 160 3 1.46
Boundary WDDH9 345,333 6,971,896 494 -60 270 250 130 134 4 1.03
Boundary WRC1 345,224 6,971,838 495 -60 89 78 64 78 14 2.33
Boundary WRC1 345,224 6,971,838 495 -60 89 78 16 26 10 1.57
Boundary WRC1 345,224 6,971,838 495 -60 89 78 48 49 1 4.57
Boundary WRC10 345,212 6,971,910 494 -60 89 82 74 82 8 1.73
Boundary WRC10 345,212 6,971,910 494 -60 89 82 56 68 12 0.80
Boundary WRC11 345,234 6,971,865 494 -60 88 64 48 50 2 3.36
Boundary WRC11 345,234 6,971,865 494 -60 88 64 20 22 2 1.25
Boundary WRC12 345,208 6,971,587 496 -70 89 58 31 58 27 1.47
Boundary WRC13 345,263 6,971,540 497 -60 270 106 82 93 11 1.07
Boundary WRC14 345,265 6,971,588 496 -60 270 94 62 69 7 0.59
Boundary WRC17 345,275 6,971,842 495 -60 269 114 66 114 48 3.44
Boundary WRC17 345,275 6,971,842 495 -60 269 114 43 45 2 8.21
Boundary WRC17 345,275 6,971,842 495 -60 269 114 27 29 2 2.92
Boundary WRC17 345,275 6,971,842 495 -60 269 114 19 20 1 2.77
Boundary WRC18 345,300 6,971,844 494 -60 269 103 20 23 3 4.80
Boundary WRC18 345,300 6,971,844 494 -60 269 103 86 100 14 0.91
Boundary WRC18 345,300 6,971,844 494 -60 269 103 64 69 5 2.53
Boundary WRC18 345,300 6,971,844 494 -60 269 103 74 76 2 4.49
Boundary WRC19 345,272 6,971,892 494 -60 269 87 61 87 26 1.04
Boundary WRC19 345,272 6,971,892 494 -60 269 87 16 23 7 0.52
Boundary WRC2 345,190 6,971,835 494 -60 89 97 75 92 17 0.70
Boundary WRC21 345,299 6,971,944 494 -60 269 81 64 80 16 0.56
Boundary WRC21 345,299 6,971,944 494 -60 269 81 51 56 5 1.41
Boundary WRC23 345,298 6,971,844 495 -60 269 88 42 51 9 12.55
Boundary WRC23 345,298 6,971,844 495 -60 269 88 72 78 6 5.14
Boundary WRC23 345,298 6,971,844 495 -60 269 88 22 24 2 2.82
Boundary WRC24 345,285 6,971,867 494 -60 269 126 66 119 53 3.55
Boundary WRC24 345,285 6,971,867 494 -60 269 126 44 48 4 6.48
Boundary WRC24 345,285 6,971,867 494 -60 269 126 33 37 4 1.40
Boundary WRC24 345,285 6,971,867 494 -60 269 126 22 26 4 0.91
Boundary WRC24 345,285 6,971,867 494 -60 269 126 14 15 1 3.19
Boundary WRC25 345,279 6,971,820 495 -60 270 126 66 90 24 1.95
Boundary WRC25 345,279 6,971,820 495 -60 270 126 106 119 13 0.65
Boundary WRC26 345,294 6,971,891 494 -60 269 128 65 88 23 1.52
Boundary WRC26 345,294 6,971,891 494 -60 269 128 94 101 7 0.89
Boundary WRC26 345,294 6,971,891 494 -60 269 128 118 128 10 0.56
Boundary WRC27 345,307 6,971,918 494 -60 269 119 86 111 25 1.09
Boundary WRC27 345,307 6,971,918 494 -60 269 119 59 70 11 2.20
Boundary WRC27 345,307 6,971,918 494 -60 269 119 23 24 1 16.57
Boundary WRC27 345,307 6,971,918 494 -60 269 119 118 119 1 2.53
Boundary WRC29 345,167 6,971,588 496 -60 87 100 79 88 9 1.06

Page 45 of 51

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

Prospect Hole Name Easting Northing RL Azi Dip End
Depth
(m)		 From
(m)		 To (m) Interval
(m)		 Gold
g/t
Boundary WRC3 345,236 6,971,889 494 -60 89 65 48 57 9 0.66
Boundary WRC4 345,212 6,971,887 494 -60 86 68 60 68 8 0.79
Boundary WRC6 345,189 6,971,935 494 -60 88 88 50 52 2 2.63
Boundary WRC8 345,204 6,971,960 494 -60 89 76 54 58 4 0.91

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

Section 1 Sampling Techniques and Data from Historic Bullseye and previous tenement holders drilling (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 (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.		 •
Previously completed Bullseye Drill programmes are
the reported holes with the prefix NPRD, NPGC, NPMD,
STRD, STRGW, BDRD, BDGW, LAVRD, LAVGW &
HRRD). All others are historic drill results.
•
The Bullseye completed RC holes were processed
through a fixed cone splitter in 1m intervals to reduce
the RC sample to between a 2kg to 4kg sample.
•
The Bullseye diamond holes were sampled on
geological logging and cut in half, with a minimal
sample length of 0.1m; Bullseye’s Core sampling was
limited
to
metallurgical
testwork
on
selected
mineralised zones.
•
Most of the historic drilling samples were processed
through a cyclone on a 1 metre basis. The specific sub-
sampling equipment utilised is not known and
therefore representivity is not known. Historical drilling
results in this ASX release were completed by either
Ausmet/Deep Yellow, Eagle Mining, Julia Mines NL and
Korab Resources Ltd.
•
Bullseye undertook field investigations to confirm
collar locations (with a licenced surveyor and DGPS
equipment) and evidence of work areas. The findings
of this field investigation corresponded well with the
reported works.
•
The Bullseye drill holes had standard samples inserted
in sample batches to test laboratory performance. The
historic drilling’s use of standards is unknown.
•
The Bullseye drill programmes used the following labs
and methodology:
•
Bureau Veritas, Kalgoorlie; Milled to <75um and
assayed using fire assay (40g) with additional
atomic absorption spectrometry (AAS).
•
Jinning Labs, Kalgoorlie; Milled to <75µm and
assayed using fire assay (50g) with additional AAS
•
Historic Drill results were processed at various
laboratories including:
•
ALS Metallurgy, where the samples were tested
using Fire Assay with an ICP-MS finish;
•
Amdel Kalgoorlie by Julia Mines NL in 2000;
o
Diamond holes were assayed by FA1,
ARM1, and AA7;
o
RC holes were composite assayed by
Aqua Regia, but 1m samples were
tested using Fire Assay.
•
Assayed at Analabs specific technique is
unknown.
•
Australian Laboratory Services, Kalgoorlie using
Aqua Regia Digest. Assay results of 100gm or
greater were fire assayed using 50g charge and
AAS finish;
•
SGS Kalgoorlie usingF650(50g)Fire Assay.

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29 April 2022
Criteria JORC Code explanation Commentary

Kalgoorlie Assay Laboratories where samples were
crushed and milled to <75um and assayed using aqua
regia digest followed by ICP-MS.
Australian Assay Laboratories, Boulder, where the
samples were crushed and milled to <75um and
assayed usinga 50gFire assaywith additional AAS.
Drilling
techniques		 •
Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is
oriented and if so, by what method, etc).		 •
Bullseye Drill Programmes (1,118 collars for 84,028m)
included 80,684m RC using a 5.5 inch hammer and
3,344m Diamond core (HQ & NQ2).
•
All collars completed by Bullseye were picked up by a
licensed onsite surveyor. Bullseye undertook field
investigations to confirm historic collar locations (with
a licenced surveyor and DGPS equipment) and
evidence of work areas. The findings of this field
investigation corresponded well with the reported
works.
•
Most non vertical Bullseye holes (99%) were downhole
surveyed using a gyroscopic survey tool (a REFLEX
GYRO SPRINT-IQ™ or similar).
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 Bullseye RC 1m samples and sub-samples (pre- and
post-split) are weighed at the drill 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. Both
the Bullseye RC and Diamond sample recovery was
+95% recovery.
•
The drilling results relate to historical sampling results.
Drill recoveries are not known.
•
It is not possible to confirm the relationship between
sample recoveryandgrade.
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 holes drilled by Bullseye Mining Limited have been
geologically logged. Logging recorded lithology,
mineralogy, alteration, weathering, texture, sulphide
content, veining and macro structure;
•
The geological legend has evolved from historic
observations and recent logging determinations and is
consistent with the regional and local geology;
•
Bullseye cannot verify the detail and full scope of the
historical logging from the available reports.
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.		 •
All Bullseye Mining Limited RC samples were processed
through a fixed cone splitter at 1m intervals with the
sample to reduce the RC sample to between a 2kg to
4kg sample. Any wet or damp samples are noted and
that information is recorded in the database; samples
are usually dry. The Bullseye diamond holes were
sampled on geological logging and cut in half, with a
minimal sample length of 0.1m. Assaying was
completed at Bureau Veritas – samples dried at 85°
Celsius, crushed and milled to 90% passing -75µm.
Assay was 40g fire assay with AAS finish for gold.
•
Historic Drill results were processed at various
laboratories including:
-
ALS Metallurgy, where they were tested using
Fire Assay with an ICP-MS finish;
Amdel Kalgoorlie by Julia Mines NL in 2000;
o Diamond holes were assayed by FA1, ARM1, and AA7;
o RC holes were composite assayed by Aqua Regia, but
1m samples were tested using Fire Assay.
Assayed at Analabs specific technique is unknown.
Australian Laboratory Services, Kalgoorlie using Aqua
Regia Digest. Assay results of 100gm or greater were
fire assayed using 50g charge and AAS finish;
SGS Kalgoorlie usingF650(50g)Fire Assay.

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29 April 2022
Criteria JORC Code explanation Commentary

Kalgoorlie Assay Laboratories where samples were
crushed and milled to <75um and assayed using aqua
regia digest followed by ICP-MS.
Australian Assay Laboratories, Boulder, where they were
crushed and milled to <75um and assayed using a 50g
Fire assay with additional AAS.
•
The historical data available to Emerald is such that
Emerald cannot reliably confirm that the historical RC
samples were dry and free of free of significant
contamination. Emerald cannot specifically confirm
that the RC drilling results have not been compromised
due to excessive moisture of contamination.
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.		 •
The bullseye drill programmes followed Industry-
standard QAQC protocols
•
QAQC protocols are routinely followed for all sample
batches sent for assay, which includes the insertion of
commercially available pulp CRMs at rate of 1 for every
20 field samples and pulp blanks at a rate of 1 for every
50 field samples. Field duplicates were collected at the
drill rig, directly from the cyclone at a rate of one in
every 50 samples for all Bullseye drilling programmes.
•
Adherence to appropriate sample preparation and
analytical quality control programmes for the historical
sampling cannot be verified. Adherence to industry
standard QAQC protocols for the historical sampling
and assays cannot be verified
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 field data associated with sampling, and all
associated assay and analytical results, are archived in
a
relational
database,
with
industry-standard
verification protocols in place.
•
Data verification and validation procedures undertaken
by Bullseye included checks on collar position against
design and site survey collar pick-ups by GEMS. Hole
depths were cross-checked in the geology logs, down
hole surveys, sample sheets and assay reports to
ensure consistency. All down hole surveys were
exposed to rigorous QAQC and drill traces were
plotted in 3D for validation and assessment of global
deviation trends.
•
Bullseye have conducted a comparison of historic
drilling holes against the recent Bullseye drill
programme results. The comparison has showed solid
correlation between the historic priority one holes and
the recent drillingfor bothgeologyandgrade.
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.		 •
The grid system used is MGA_94. The creation of the
topographic surface is based on a site survey pick-up
by GEMS;
•
Collars of holes drilled by Bullseye Mining have been
picked up by GEMS or alternative licensed on-site
surveyor using a Trimble GNSS DGPS. Where
identified, historical drill holes have also been picked
using the DGPS;
•
The Bullseye RC and diamond holes were downhole
surveyed using a gyroscopic survey tool. Vertical holes
were not surveyed;
•
Historical priority one holes were not down hole
surveyed.
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.		 •
This drill spacing is considered to be sufficient to
establish geological and grade continuity appropriate
for the declaration of estimates of resources.

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Criteria JORC Code explanation Commentary
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.		 •
All RC samples were sampled each with a unique
sample number. These calicos were collected from the
drill sites in allotments of 1 tonne bulka bags. These
bulka bags were loaded by Bullseye field staff and
delivered to respective Laboratories by road freight.
•
The process for collection and transportation for
historic drill samples cannot be confirmed
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
•
Bullseye have audited and reviewed the historical
Bungarra database (including cataloguing, validating
and verifying all hardcopy and softcopy historical data
from Julia Mines NL, Eagle Mining NL, Deep Yellow NL
and Korab Resources Ltd).

Section 2 Reporting of Exploration Results from Historic Bullseye and previous tenement holders drilling

(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 Boundary Gold Project is 100% held by Bullseye
Mining Limited.
•
The Bungarra Gold Project is 100% held by Bullseye
Mining Limited.
•
The Stirling Gold Project is 100% held by Bullseye
Mining Limited.
•
The Hurleys Gold Project is 100% held by Bullseye
Mining Limited.
•
All tenure is considered to be secure.
Exploration done
by other parties		 •
Acknowledgment
and
appraisal
of
exploration by other parties.		 •
Historical drilling was conducted between 1989 – 2005
by companies Julia Mines NL, Eagle Mining NL, Deep
Yellow NL and Korab Resources Ltd.
Geology •
Deposit type, geological setting and style of
mineralisation.		 •
Boundary:geology comprises a surrounding basalt
country rock and banded iron formation (BIF). The
Boundary deposit is associated with quartz veining in
weathered saprolite and saprock predominately
overlying a steeply plunging granodiorite. Gold
Mineralisation is within the quartz veins but extends
well into the fresh granodiorite to a depth of some
160m below surface. Additional gold mineralisation is
seen in the surrounding basalt proximal to the contacts
with the granodiorite;
The weathering profile has a partially oxidized ‘saprock’
unit overlying fresh rock at about 50m depth in the
north deepening to about 70m in the south, forming a
weathered basin overlying the granodiorite. Within the
basin, a saprolite unit occurs in association with a more
extensive clay/sand (palaeochannel) infill zone and an
extensive laterite overlies all units.
•
Bungarra:Geology comprises a basalt/mafic country
rock with a steep plunging gabbro and lamprophyre
occurring
at
the
southern
end
of
identified
mineralisation. A sheared basalt unit and flat lying
quartz vein zone occur above the base of oxidation;

Page 49 of 51

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29 April 2022
Criteria Explanation Commentary

The weathering profile has a partially oxidized ‘saprock’
unit overlying fresh rock at about 25m depth in the
south deepening to about 65m in the north. A small
saprolite unit occurs in association with a more
extensive clay saprolite zone and an extensive laterite
overlies all units;
Mineralisation is interpreted into five discrete domains
albeit with some degree of connectivity. The main
domain is a number of interconnected sub-horizontal
lenses largely coincident with the quartz veining
(Domain 1). Deeper, southerly plunging domains occur
in the area of the gabbro to the south. Two additional
domains are identified occurring within the fresh rock
below the main sub-horizontal lode.
•
Stirling:The geology at Stirling comprises a ‘BIF’ unit
overlaying a basalt with a minor granodiorite intrusion;
The weathering profile is typical of the northern
Goldfields area with a thing cover (‘Laterite’) unit
overlying clay/saprolite, over a partially oxidised
‘saprock’ unit, all overlying fresh rock. Fresh rock is
50m below surface in the south and 65m below surface
in the northwest;
The majority of Au mineralisation is hosted in the
overlying BIF but mineralisation does continue into the
underlying basalt. The mineralisation is thought to
have a structural control following a northwest strike
and a plunge of 40° northwest. The mineralisation at
Stirling is seen in all weathering domains except the
surface laterite. Au mineralisation was interpreted into
a nominal >0.6g/t Au wireframe shell using Leapfrog
software. It demonstrated a solid volume of
concentrated higher Au grade close to surface (within
10m from surface) and a narrower plunge at depth to
the northwest.
•
Hurleys:Geology comprises a basalt country rock,
sulphidic black shale, a highly mafic unit, likely a
peridotite and gabbro. Gold Mineralisation is as
shallow as a few metres below surface, extends to some
100m below surface and is open at depth;
The weathering profile displays a surface laterite,
followed by clay/saprolite weathering. Saprock is
sharply encountered at approximately 45m down-hole
depth with weathering predominately along fracture
lines. Fresh rock is encountered at approximately 70m
down-hole depth.
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 Five.
Data aggregation
methods		 •
In reporting Exploration Results, weighting
averaging
techniques,
maximum
and/or		 •
No high grade top cuts have been applied.

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29 April 2022
Criteria Explanation Commentary

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 clearly
stated.
•
The reported significant intersections in Appendix Five
are above 2 gram metre intersections and allow for up
to 4m of internal dilution with a lower cut trigger values
of greater than 0.5g/t.
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 (eg ‘down hole length,
true width not known’).		 •
The majority of the drill holes intersect the mineralised
zones at sufficient angle for the risk of significant
sampling orientation bias to be low.
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 diagrams are included in the
body of this 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.		 •
Significant drilling results above 2 gram metre are
reported in Appendix Five.
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
interpretation have helped inform the geological
models.
•
Initial metallurgical, geotechnical and hydrogeological
drilling has been carried out.
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.		 •
Additional drilling programmes are being planned
across all exploration licences.

Page 51 of 51

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