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EMETALS LIMITED Capital/Financing Update 2021

Feb 3, 2021

64850_rns_2021-02-03_4afbeb5e-36a9-4592-86c0-ad97e4d1921e.pdf

Capital/Financing Update

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EMETALS
LIMITED

4 February 2021

The Manager
Market Announcements Office
Level 40, Central Park,
152-158 St George's Terrace
PERTH WA 6000

ACQUISITION OF COWALINYA IONIC RARE EARTH PROJECT

The Directors of eMetals Limited (ACN 142 411 390) (ASX:EMT) (eMetals or the Company) are pleased to announce the acquisition of three new mineral exploration projects including the highly prospective Cowalinya Ionic Rare Earth Project (Cowalinya Project) located 100 kilometres south east of Norseman, Western Australia.

HIGHLIGHTS

  • Historical auger drilling within the Cowalinya Project area has defined laterite with up to 1,114ppm TREO + Y.
  • Historical Anglo Gold AC end of hole sampling show results of up to 1,174ppm REE (~0.13% TREO+Y).
  • The Vendor has lodged a Programme of Works over the Cowalinya Project to undertake regional aircore traversing and EMT will undertake this drilling once the acquisition is complete and all approvals are in place.
  • Alkaline gabbro with up to 0.13% TREO+Y at the Dodgey-Torquata Project

eMetals Director Mathew Walker commented:

"The acquisition of these three new projects is consistent with the Company's focus on rare and strategic minerals that are critical to the emerging technology industries. In particular, the highly prospective Cowalinya Ionic Rare Earth Project represents a near term exploration target in an area the Company believes has the potential to host a significant regolith hosted REE deposit similar to the Lynas Rare Earths (ASX:LYC) Mount Weld Deposit and Iconic Rare Earths (ASX:IXR) Makuutu Deposit."

COWALINYA PROJECT

The Cowalinya Project (E62/2049 and E63/2066) is located in the Yilgarn Craton, within the foreland of the Albany Fraser Orogen. The geology of the project is comprised of deeply weathered Archaean and Proterozoic gneisses.

  • 61 8 6489 1600 [email protected] www.emetalslimited.com.au
    Suite 9, 330 Churchill Avenue, Subiaco WA 6008 PO Box 866, Subiaco WA 6904

E

EMETALS

LIMITED

img-0.jpeg
Figure 1 Location of SOC Resources Projects

The Cowalinya Project is prospective for Ionic Adsorption Clay (IAC) Type REE deposits. The Project demonstrates the key features associated with ionic clay deposits; deep and intense weathering, and REE-enriched bedrock.

HISTORICAL EXPLORATION

The Cowalinya Project has been explored historically for gold, with 770 auger drill holes and 17 air core holes for 635m drilled on the tenements. Full details of these sample datasets within the tenure are presented in JORC Tables 1 and 2, and within the Appendices therein.

Auger samples were taken to analyse pedogenic calcrete for gold. Auger samples were assayed for 52 elements, including REE's, and Au using Aqua Regia B/ETA digest with a mass spectrometry or optical emissions spectrometry finish. Auger drilling in the Project area has defined laterite with up to 1,114ppm TREO + Y (NOR00702, 413798E 6338675N) with a substantial proportion of auger results in excess of 180ppm TREO+Y. Please refer to Figure 2, below.

+61 8 6489 1600
[email protected]
www.emetalslimited.com.au
Suite 9, 330 Churchill Avenue, Subiaco WA 6008
PO Box 866, Subiaco WA 6904

EMETALS

LIMITED

img-1.jpeg
Figure 2 Auger REE results (as TREO+Y), Cowalinya Project

Air core drilling was undertaken to geochemically survey the region for Au enrichments and to characterise bedrock lithology. Drill holes were sampled from surface to end of hole via four metre composites for Au, with the end of hole sample sent for a full characterisation suite of 52 elements, including REE's, using Aqua Regia B/ETA.

A total of seventeen aircore holes were drilled within the Cowalinya Project tenure, along the few established roads. These holes were not comprehensively sampled for REE's, with only one end of hole sample submitted for full characterisation. Within the project, six EOH samples returned results of >400ppm TREO with the maximum result of 1,380pp (0.13%) TREO. This forms a cluster of enriched REE's within the basement and remains open in all directions.

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 PO Box 866, Subiaco WA 6904

EMETALS

img-2.jpeg
Figure 3 End of hole aircore REE results (as TREO+Y), Cowalinya Project

EMT considers that the auger drilling has identified an anomalous concentration of rare earth elements within the surface. The aircore drilling end of hole samples have demonstrated that there are anomalous concentrations of REE within the fresh bedrock of the Project.

The Company has identified that the auger and aircore datasets do not adequately test the full regolith profile for ionic clay type REE mineralisation. The full regolith profile must be assayed to determine if REE's have accumulated in the saprolite clays. Exploration of the full regolith profile for REE is planned to test for development of IAC type mineralisation.

EXPLORATION PLAN

EMT has developed three target areas within the Cowalinya Project that show enriched REE within auger drilling that require testing at depth; refer to Figure 4. The Company is planning an aircore drilling program to sample the anomalous areas. These anomalies will be drilled at an approximate 800m x 100m pattern to identify areas with enriched saprolite REE contents.

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 PO Box 866, Subiaco WA 6904

EMETALS

LIMITED

img-3.jpeg
Figure 4 Ionic Clay REE target zones, Cowalinya Project

A Programme of Works has been lodged over the Cowalinya Project by the Vendor. EMT will undertake this drilling once all approvals are in place.

DODGEY-TORQUATA PROJECT

The Dodgey-Torquata (D-T) Project is a 25.5km², 9 sub-block tenement (E70/5654) located near Jerramungup, south west WA. The Project prospective for rare earth elements and base metals. The D-T prospect a circular magnetic 'bullseye' anomaly approximately 2km x 1.2km in size (Figure 5).

img-4.jpeg
Figure 5 Dodgey-Torquata Project REE Results, E70/5654

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Suite 9, 330 Churchill Avenue, Subiaco WA 6008 • PO Box 866, Subiaco WA 6904

EMETALS
LIMITED

D-T was previously explored via a ground magnetics survey that resolved a series of ‘dipping plate’ magnetic bodies. These modelled bodies were targeted by 8 reverse circulation drill holes for 1,236m. Please refer to JORC Table 1 and 2, and the Appendices therein, for full details of historical drilling.

Drilling encountered a series of gabbro intrusions. The drill holes were assayed for major and multi-elements plus rare earth elements on a 4m composite basis. The rare earth element intersections above a 500ppm TREO+Y cut-off with a maximum 4m internal dilution, are presented below:

GHC001 80m @ 0.07% (701ppm) TREO+Y from 112m to end of hole
GHC002 176m @ 0.09% (934ppm) TREO+Y from 4m to end of hole
Including 120m from 4m containing 213ppm Nd₂O₃, 54ppm Pr₂O₃
GHC004 48m @ 0.08% (871ppm) TREO+Y from 24m
52m @ 0.06% (667ppm) TREO+Y from 80m
GHC005 104m @ 0.08% (822ppm) TREO+Y from 0m to EOH
GHC006 40m @ 0.09% (888ppm) TREO+Y from 48m to EOH
Including 171ppm Nd₂O₃ and 44ppm Pr₂O₃
GHC007 20m @ 0.06% (631ppm) TREO+Y from 40m
40m @ 0.06% (638ppm) TREO+Y from 104m
4m @ 0.06% (630ppm) TREO+Y from 112m to EOH
GHC008 88m @ 0.09% (909ppm) TREO+Y from 0m
Including 12m @ 0.13% (1309ppm) TREO+Y from 24m
and 16m @ 0.13% (1344ppm) TREO+Y from 64m

Significant base metal anomalous was returned from the following holes associated with metagabbroic units;

GHC008 88m of 237ppm Cu from 88m to 172m
GHC009 108m at 305ppm Cu from 4m to 108m

The Dodgey-Torquata system shows elevated barium (to 0.7%), scandium (20-100ppm), and phosphorus (>0.5% to 4%) associated with hematite-biotite altered, alkaline gabbro-norite. Copper and REE enriched alkaline gabbros are associated with carbonatitic magma series.

Inspection of the existing modelling shows that a magnetic isosurface model remains untested at depth (Figure 6). This is a target for discovering deeper base metal bearing gabbros, or REE enriched intrusive units.

EMT will renew the magnetic inversion model to firm up a target at depth. The magmatic complex has not been explored by electrical geophysics, which is a priority for EMT once all usual land access and compensation agreements are in place.

  • 61 8 6489 1600 [email protected] www.emetalslimited.com.au
    Suite 9, 330 Churchill Avenue, Subiaco WA 6008 PO Box 866, Subiaco WA 6904

EMETALS

img-5.jpeg
Figure 6 Dodgey-Torquata historical magnetic models and drilling

CHIGGARIE ROCK PROJECT

Chiggarie Rock (E20/976) is an unexplored magnetic anomaly located in the Murchison, approximately 110 kilometres west of Cue. The tenement is approximately 15 kilometres west of the Poona Project and is accessible by station tracks and roads.

The Chiggarie Rock anomaly lies directly along strike from the Gnangooragoo Complex, on the interpreted terrane boundary between the Murchison Domain and the Narryer Terrane, and is a prominent magnetic feature composed of both positive and negative amplitude magnetic anomalies (Figure 7). A series of these magnetic anomalies are present within proximity to the interpreted terrane boundary.

+61 8 6489 1600 • [email protected] • www.emetalslimited.com.au
Suite 9, 330 Churchill Avenue, Subiaco WA 6008 • PO Box 866, Subiaco WA 6904

EMETALS

img-6.jpeg
Figure 7 E20/976. Chiggarie Rock Project. Interpreted regional setting on the terrane boundary

img-7.jpeg

EMT's recent discovery of the Mughal PGE prospect on E20/885 at Poona has highlighted the prospectivity of this area to host Ni-Cu-PGE mineralisation. EMT is planning a surface geochemical program over the area to detect any Ni-Cu-PGE or rare earth element anomalies and will evaluate the exploration opportunity of the project.

COMMERCIAL TERMS

EMT has entered into an agreement to acquire 100% of the fully paid ordinary shares in the capital of SOC Resources Pty Ltd (SOC), the legal and beneficial owner of the three projects, from Pennyweight Minerals Pty Ltd (ACN 641 738 141). SOC is the legal and beneficial holder of three (3) granted exploration licences and one (1) exploration licence application, each located in Western Australia.

In consideration for the acquisition EMT has agreed to issue the Vendor:

  • 5,000,000 fully paid ordinary shares in the capital of EMT; and
  • 5,000,000 options to acquire fully paid ordinary shares in the capital of EMT, exercisable at $0.05 on or before 31 December 2022.

The agreement is unconditional and is otherwise on ordinary commercial terms.

+61 8 6489 1600 • [email protected] • www.emetalslimited.com.au

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 • PO Box 866, Subiaco WA 6904

EMETALS
LIMITED

SOC Resources has four tenements in the state of Western Australia, as set out below.

Tenement ID Project Sub-Blocks Applied Granted Expiry Expenditure
E63/2046 Cowalinya North 26 06/07/2020 21/09/2020 20/09/2025 $30,000
E63/2066 Cowalinya South 31 26/10/2020 10/12/2020 25/10/2025 $32,000
E20/976 Chiggarie Rock 16 - N/A N/A $20,000
E70/5654 Dodgey-Torquata 9 5/11/20 23/12/20 22/12/2025 $20,000

DIRECTOR OPTIONS

Finally, EMT has considered the current equity-based remuneration of its directors and has agreed to issue eMetals Director Mathew Walker a total of 10 million options to acquire EMT shares on the same terms and conditions as the options which were approved by shareholders at EMT's 2020 Annual General Meeting.

This issue of options to Mr Walker will ensure all EMT directors have been issued the equivalent number of incentive equity.

This announcement has been authorised by the Board of eMetals Limited.

For, and on behalf of, the Board of the Company

Mathew Walker
Director
EMETALS Limited
-ENDS-

Shareholders and other interested parties can speak to Mr Sonu Cheema if they have any queries in relation to this announcement: +618 6489 1600

Forward looking statements

This announcement contains forward-looking statements which are identified by words such as 'may', 'could', 'believes', 'estimates', 'targets', 'expects', or 'intends' and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the directors and our management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this prospectus will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. We have no intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by law. These forward looking statements are subject to various risk factors that could cause our actual results to differ materially from the results expressed or anticipated in these statements.

+61 8 6489 1600 [email protected] www.emetalslimited.com.au
Suite 9, 330 Churchill Avenue, Subiaco WA 6008 PO Box 866, Subiaco WA 6904

EMETALS

LIMITED

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on and fairly represents information and supporting documentation prepared by Mr Roland Gotthard. Mr Gotthard is a consultant geologist for eMetals and a member of the Australian Institute of Mining and Metallurgy. Mr Gotthard has sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this announcement and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ("JORC Code"). Mr Gotthard consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

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JORC CODE, 2012 EDITION - TABLE 1

  • 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 (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.
• Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.
• Aspects of the determination of mineralisation that are Material to the Public Report.
• In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. • Auger drilling was sampled via grab sampling of the most carbonate reactive soil profile with a maximum depth of 2.5m
• Aircore drilling was sampled on a 4m composite basis from surface to end of hole, using scoop composites of saprolite, for gold assay
• Aircore drilling at Cowalinya was sampled at end of hole via scoop sampling for multi-element assay
• RC drilling at Dodgey-Torquata was undertaken using a truck mounted face-sampling reverse circulation drill method with samples collected every 1m using a conical splitter
Drilling techniques • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). • Auger drilling at Cowalinya was undertaken by a Land cruiser mounted auger drilling rig
• Aircore drilling at Cowalinya was undertaken by a truck mounted air core drilling rig with 3.5" air core blade to blade refusal
• RC drilling at Dodgey-Torquata was undertaken using a face-sampling RC drill bit
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. • Historical drill recoveries were not recorded in the WAMEX data files for all samples
• Sample recoveries are unlikely to be sufficiently bad for the intervals of interest and within the geology of interest to have unduly influenced the results
• No relationship between grade and sample recovery can be established at this time

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Criteria JORC Code explanation Commentary
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. • Rock chip samples were qualitatively logged
• Drilling is logged qualitatively by the on-site geologist from drill chip samples taken every metre
• Auger drilling was logged for colour, carbonate content
• All drill metres are logged
• 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. • Sampling techniques are considered adequate for all historical sampling for the purposes for which it was intended
• Auger drilling A100858 was scoop sampled from the most carbonate-rich section of the soil profile to detect calcrete-hosted Au; this methodology may not have adequately tested the REE content of laterite effectively and is considered partially effective
• AC end of hole sampling was via scoop or grab, and is adequate for whole rock geochemistry
• RC drilling at Dodgeq-Torquata was composited on a 4 metre basis from 1 metre sampled, cone split RC chips
• 1:50 samples as a minimum were duplicated in the field
• Grain size influence on REE results is unable to be adequately quantified based on historical information
• Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.
• For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
• Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. • Cowalinya Auger drilling was assayed via 25g aqua regia digest and ICP/OES (major elements) or ICP/MS for (trace elements and REE) This is considered a partial digest in the context of Rare Earth Elements.
• Cowalinya AC drilling was assayed via 25g aqua regia digest and ICP/OES (major elements) or ICP/MS for (trace elements and REE) This is considered a partial digest in the context of Rare Earth Elements.
• RC samples from Dodgeq-Torquata were digested by 4-Acid Digest 25g, with ICP-MS finish for trace and rare earth elements
• RC samples at Dodgeq-Torquata were assayed by XRF fusion for major elements and 25g fire assay for Au, Pt, Pd

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Criteria JORC Code explanation Commentary
• 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. • Historical data was downloaded from WAMEX. Anglo American data from A100858 is presumed to have been substantially verified and stored in a relational database
• Historical data from Dodgeq-Torquata has no known data verification or QAQC processes, however it is considered substantially reliable
• Rare Earth Element (REE) results in this release are presented as oxides (TREO+Y), with conversion factors applied to convert from element to oxide.
• Element oxides for rare earth elements, including Y were converted from elemental assays using conversion factors from https://www.jcu.edu.au/advanced-analytical-centre/services-and-resources/resources-and-extrac/element-to-stoichiometric-oxide-conversion-factors
• 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. • Auger drilling was located using a Trimble GPS unit in the field
• Aircore drilling was located using handheld GPS
• Datum is MGA 1994 Zone 50 or 51 South, with AC collars presented in Lat/Long WGS84S
• Accuracy is +/-3m and adequate
• 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. N/A
• 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. • Vertical drilling was undertaken to test the saprolite for Au mineralisation and is considered appropriate for discussion of REE in the manner and context herein
• Vertical drilling is the most appropriate method to test flat blanket style geology
• Sample security • The measures taken to ensure sample security. N/A
• Audits or reviews • The results of any audits or reviews of sampling techniques and data. N/A

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Section 2 Reporting of Exploration Results

Criteria listed in the preceding section also apply to this section

Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
• The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. • All tenure is held 100% by SOC Resources Pty Ltd
• E20/976 is under application and may require heritage protection agreements with affected Native Title Parties prior to grant
• E70/5654 is granted, but will require negotiation of a land access agreement with affected landholders prior to conducting exploration
Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. • Exploration results were sourced from WAMEX exploration reports available from the Department of Mines and Resources of Western Australia online databases as detailed on 28th January 2021
• Substantive data was obtained from;
• A100858
• A106095
Geology • Deposit type, geological setting and style of mineralisation. • Cowalinya is saprolite hosted REE, potentially of ionic adsorption clay (IAC) type
• Dodge- Torquate is an alkaline gabbro-norite intrusion enriched in phosphorus and REE
• Chiggarie Rock is hosted within Archaean granite-gneiss, granite and probable Proterozoic sills or dykes of unknown type
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. • Drill location data for historical AC and RC drilling is tabulated in Appendix 1
• Auger drilling is not tabulated due to brevity; all data is available in standardised format from the online WAMEX database maintained by the Western Australian Government

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EMETALS

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Criteria JORC Code explanation Commentary
• Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.
• Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should 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. • Total Rare Earth Oxide + Yttrium is a widely used ‘industry standard’ convention for reporting Rare Earth Elements
• TREO+Y is calculated by conversion of element assays (in ppm) into oxide (in ppm) and the sum of all REE’s plus Yttrium is then calculated
• Scandium is sometimes included, but is excluded here as no recoverability of Sc is expected from the mineralisation
• Relationship between mineralisation widths and intercept lengths • These relationships are particularly important in the reporting of Exploration Results.
• If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.
• If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’). N/A
• 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. • A map showing tenement locations has been included
• Maps showing the distribution of mineralised occurrences and anomalies has been provided
• 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. • It is unfeasible and not considered relevant to present auger assays in tabulated form
• All significantly anomalous samples referred to in the text are presented in the Appendices where appropriate
• The reader is referred to the appropriate historical exploration information that is readily available from Government websites. The Company does not republish WAMEX reports in order to maintain the integrity of the data as presented by the Department of Mines and Resources.
• 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. N/A
• Further work • The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).
• Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. • Drilling of the Cowalinya tenement and assaying of all saprolite with appropriate digestion methods
• Electromagnetic Geophysical surveys of Dodgey-Torquata
• Basic reconnaissance and mapping of Chiggarie Rock

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Appendix 1: Tabulated Data
Table 1: Collar Locations

Hole_id Project MGA_E MGA_N RL Azimuth Dip Depth
GHC001 Dodgey 6208352 646487 110.36 270 -60 186
GHC002 Dodgey 6208140 646110 111.6 90 -60 180
GHC004 Dodgey 6207760 646145 115.01 270 -60 180
GHC005 Dodgey 6208048 645958 118.78 270 -61 100
GHC006 Dodgey 6207844 646155 113.16 270 -60 86
GHC007 Dodgey 6207680 645945 121.47 270 -60 150
GHC008 Dodgey 6208050 645960 118.78 135 -60 180
GHC009 Dodgey 6208010 646262 108.83 45 -60 174
Hole_ID Project Longitude Latitude RL Azimuth Dip Depth
--- --- --- --- --- --- --- ---
SGA095 Cowalinya 122.0733 -33.0871 231 333 -90 21
SGA096 Cowalinya 122.0839 -33.0871 235 333 -90 58
SGA097 Cowalinya 122.0946 -33.0871 230 333 -90 65
SGA098 Cowalinya 122.1055 -33.087 231 333 -90 26
SGA099 Cowalinya 122.116 -33.087 225 333 -90 13
SGA101 Cowalinya 122.1269 -33.0869 226 333 -90 60
SGA102 Cowalinya 122.1333 -33.0812 229 333 -90 29
SGA103 Cowalinya 122.1412 -33.0754 233 333 -90 18
SGA104 Cowalinya 122.1402 -33.0666 236 333 -90 27
SGA105 Cowalinya 122.144 -33.0577 244 333 -90 24
SGA106 Cowalinya 122.1488 -33.0511 248 333 -90 15
SGA107 Cowalinya 122.1539 -33.0439 248 333 -90 25
SGA108 Cowalinya 122.1578 -33.0358 250 333 -90 57
SGA109 Cowalinya 122.1607 -33.0274 248 333 -90 53
SGA110 Cowalinya 122.1645 -33.0193 247 333 -90 16
SGA111 Cowalinya 122.1683 -33.0114 249 333 -90 51
SGA112 Cowalinya 122.1716 -33.0035 249 333 -90 67

Table 2: End of Hole Assays with TREO+Y, from collars on SOC Resources Pty Ltd Tenements

Hole_ID Depth TREO+Y Ce203 Da203 Er203 Eu203 Gd203 He203 Le203 Lu203 Nd203 Pr203 Sm203 Th407 Ym203 Yb203 Y203 P_ppm Th_ppm D_ppm
SGA095 21 139.38 55.4 3.0 1.9 0.7 3.3 0.6 21.5 * 25.1 6.6 4.9 0.5 0.3 2.3 13.3 32.0 10.9 11.0
SGA096 58 287.03 99.1 5.0 2.4 1.3 7.5 0.9 63.5 * 54.4 13.9 9.4 0.9 0.3 2.0 26.4 458.0 11.2 3.5
SGA097 65 169.80 54.4 5.1 3.0 1.0 5.9 1.1 25.5 * 27.5 6.6 5.6 0.8 0.4 2.3 30.6 430.0 5.4 1.8
SGA098 26 423.11 183.0 6.1 2.3 2.5 9.1 1.0 76.9 * 82.2 22.0 12.9 1.1 0.3 1.5 22.2 373.0 8.3 2.9
SGA099 13 119.99 48.1 2.0 1.0 0.5 2.8 0.4 23.9 * 20.5 5.4 3.5 0.3 0.1 0.8 10.6 376.0 4.9 3.7
SGA101 60 198.53 72.7 3.9 1.9 1.2 5.5 0.7 37.1 * 36.2 9.1 6.7 0.7 0.3 1.6 20.9 375.0 6.2 4.5
SGA102 29 134.08 58.9 2.1 0.8 0.6 2.9 0.3 24.8 * 23.9 6.6 4.2 0.4 0.1 0.5 8.0 66.0 13.4 8.1
SGA103 18 458.03 212.1 7.7 3.0 2.2 10.0 1.3 79.1 * 76.0 20.4 13.3 1.4 0.4 2.2 28.6 283.0 10.0 3.0
SGA104 27 136.37 58.5 1.8 0.6 0.5 2.4 0.3 31.5 * 22.1 6.7 3.8 0.3 0.1 0.4 7.4 61.0 8.5 5.2
SGA105 24 24.72 10.5 0.5 0.2 0.1 0.5 0.1 4.6 * 3.8 1.1 0.7 0.1 0.0 0.2 2.3 30.0 4.2 6.5
SGA106 15 9.55 3.5 0.2 0.1 0.0 0.2 0.0 1.9 * 1.3 0.4 0.3 0.0 0.0 0.1 1.3 0.0 4.7 6.8
SGA107 25 1005.24 418.9 21.5 9.9 6.2 27.0 3.9 149.9 * 177.5 43.1 34.3 3.7 1.3 8.3 99.8 299.0 25.7 8.3
SGA108 57 260.98 102.7 5.3 2.9 1.1 6.2 1.0 46.1 * 42.3 11.4 7.3 0.9 0.4 2.4 30.9 86.0 16.1 24.5
SGA109 53 835.24 113.9 21.8 12.1 8.2 28.7 4.5 213.7 * 153.3 37.8 26.3 3.7 1.5 8.1 201.6 208.0 2.1 4.7
SGA110 16 612.87 285.0 2.6 1.0 2.5 5.4 0.4 162.2 * 100.8 28.7 10.7 0.5 0.1 0.8 12.1 200.0 17.5 5.2
SGA111 51 246.71 106.9 2.4 1.2 1.2 3.5 0.5 56.6 * 41.2 11.7 5.3 0.4 0.2 1.1 14.5 404.0 7.2 13.8
SGA112 67 1379.79 279.0 21.4 9.6 14.4 32.5 3.8 376.4 * 367.4 103.7 54.0 3.9 1.3 7.9 104.4 250.0 17.1 12.4

Source WAMEX A100858
Method B2S/MS

+61 8 6489 1600
[email protected]
www.emetalslimited.com.au
Suite 9, 330 Churchill Avenue, Subiaco WA 6008
PO Box 866, Subiaco WA 6904

EMETALS

Table 3: Significant Auger Samples, Cowalinya Project

SampleID MGA_E MGA_N RL Depth TREO_Y La2O3 CeO2 Nd2O3 Pr2O3 Sm2O3 Gd2O3 Eu2O3 Dy2O3 Er2O3 Ho2O3 Tb2O3 Tm2O3 Yb2O3 Y2O3
NOR00702 413,798 6,338,675 231 1 1114 151 509 180 46 32 29 5 24 11 4 4.2 1.5 9 108
NOR03942 415,797 6,342,499 247 1 441 109 76 115 28 22 18 5 15 8 2.6 2.5 1.1 6 114
NOR03984 417,004 6,340,493 240 1 320 38 187 53 13 12 9 2 8 4 1.4 1.3 0.7 5 44
VKU15199 420,397 6,344,507 237 1 320 76 82 72 18 13 13 3 10 6 1.8 1.7 0.8 5 75
VKU15146 425,804 6,345,501 247 1 298 67 57 81 19 16 15 4 10 6 1.8 1.8 0.7 4 71
VKU15247 415,595 6,341,499 237 1 291 7 295 11 3 3 2 1 3 2 0.5 0.5 0.3 2 10
NOR00683 416,791 6,337,601 219 7 281 62 57 72 17 13 13 3 11 6 2.0 1.8 0.8 5 68
NOR04027 425,991 6,340,615 235 1 280 59 65 64 16 12 11 3 9 6 1.7 1.5 0.7 5 80
VKU15284 422,797 6,341,500 241 1 272 69 59 72 18 13 12 3 9 5 1.5 1.5 0.6 4 55
NOR03949 417,182 6,342,544 264 1 272 65 114 65 17 10 7 2 5 2 0.7 0.8 0.3 2 30
VKU15196 420,999 6,344,506 235 1 268 64 69 62 16 12 11 3 9 5 1.6 1.4 0.7 4 59
VKU15036 424,802 6,348,501 246 1 263 67 67 64 16 12 11 3 8 4 1.4 1.4 0.6 3 52
VKU15288 423,599 6,341,500 245 1 258 56 76 64 16 13 11 3 8 4 1.4 1.4 0.6 4 47
VKU15198 420,603 6,344,503 240 1 258 61 67 59 15 11 10 3 8 5 1.5 1.4 0.7 4 58
VKU15187 422,800 6,344,500 255 1 255 62 63 65 16 12 10 3 8 4 1.4 1.4 0.5 3 51
VKU15949 425,996 6,339,608 214 1 248 50 55 50 12 10 11 2 10 6 1.9 1.6 0.8 5 79
NOR03256 425,402 6,343,534 251 1 247 58 58 61 15 12 11 3 8 5 1.4 1.6 0.6 4 53
NOR03257 425,606 6,343,508 251 1 246 57 58 59 15 12 11 3 8 5 1.5 1.6 0.6 4 58
NOR00681 416,399 6,337,601 218 7 244 48 67 56 14 10 11 3 9 5 1.6 1.4 0.7 4 58
NOR01079 423,002 6,338,776 220 7 240 40 106 44 11 8 8 2 7 4 1.2 1.1 0.5 3 48
VKU15201 420,201 6,344,504 244 1 238 54 66 57 14 11 10 3 8 5 1.4 1.4 0.6 4 46
VKU15167 426,804 6,344,501 249 1 234 49 67 55 14 11 10 3 8 4 1.4 1.3 0.6 3 50
NOR03078 421,998 6,347,499 242 1 227 53 75 50 13 9 9 2 7 4 1.1 1.2 0.5 3 40
NOR03147 421,004 6,346,500 238 1 223 59 55 55 14 10 9 2 7 4 1.2 1.3 0.5 3 42
VKU15281 422,200 6,341,495 243 1 220 45 83 47 11 9 8 2 6 3 1.1 1.1 0.4 3 40
NOR03971 419,587 6,340,506 232 1 219 52 48 54 14 11 9 2 7 4 1.3 1.2 0.5 3 53
VKU15188 422,604 6,344,505 250 1 219 50 58 55 13 11 9 2 7 4 1.2 1.2 0.5 3 44
VKU15205 419,403 6,344,505 247 1 218 45 66 48 12 10 9 2 7 4 1.3 1.2 0.5 3 48
NOR03237 421,802 6,343,497 252 1 218 50 61 51 13 10 9 2 7 4 1.2 1.3 0.5 3 45
NOR03255 425,193 6,343,506 247 1 217 49 46 55 13 11 10 2 7 4 1.3 1.4 0.6 3 51
NOR03960 419,198 6,342,505 260 1 213 53 53 52 13 10 8 2 7 3 1.1 1.1 0.4 3 44
VKU14973 423,204 6,349,495 246 1 209 50 69 48 13 9 8 2 6 3 0.9 1.0 0.4 2 36
VKU15079 423,399 6,349,502 250 1 206 49 60 47 12 9 8 2 6 4 1.1 1.1 0.5 3 42
NOR03214 417,407 6,343,496 263 1 204 46 53 52 13 10 9 2 7 4 1.2 1.3 0.5 3 40
VKU15192 421,805 6,344,498 250 1 204 47 57 47 12 9 8 2 7 4 1.2 1.1 0.5 3 43
NOR04017 423,992 6,340,599 235 1 203 34 112 34 9 7 5 1 4 2 0.8 0.7 0.3 2 27
NOR03117 427,003 6,346,509 243 1 202 53 46 48 12 9 9 2 7 4 1.2 1.2 0.5 3 44
NOR03098 426,002 6,347,496 250 1 201 43 73 42 11 8 8 2 6 3 1.1 1.2 0.5 3 35
NOR03236 421,600 6,343,498 251 1 201 46 58 47 12 9 8 2 6 4 1.1 1.2 0.5 3 39

Source: WAMEX A100858
Method: B2S/MS

+61 8 6489 1600
[email protected]
www.emetalslimited.com.au
Suite 9, 330 Churchill Avenue, Subiaco WA 6008
PO Box 866, Subiaco WA 6904

E

EMETALS

LIMITED

Table 4: Assay data for Dodgey-Torquata RC Holes

Hole From To Cu TREO+Y La Ce Nd Pr Gd Sm Er Eu Ho Lu Dy Tb Tl Y Yb
GHC001 112 116 47 808 171 360 135 40 18.0 25 3 5.5 1.1 0.22 7 1.9 0.4 37.3 1.8
116 120 25 806 176 360 132 40 17.2 24 3 5.4 1.1 0.24 7 1.9 0.6 36.7 1.9
120 124 25 830 186 375 133 41 16.8 24 3 5.9 1.0 0.22 7 1.8 0.4 33.5 1.7
124 128 25 846 190 381 138 42 17.2 24 3 6.1 1.0 0.22 7 1.8 0.4 33.5 1.7
128 132 29 706 155 314 112 34 15.2 20 3 5.1 1.0 0.27 7 1.7 0.4 35.3 2.2
132 136 21 545 125 245 91 27 9.9 14 2 3.5 0.6 0.15 4 1.1 0.6 19.9 1.1
136 140 24 630 143 282 101 31 12.8 18 2 4.2 0.8 0.17 5 1.4 0.6 25.9 1.4
136 140 22 639 143 286 109 31 12.2 17 2 4.2 0.7 0.18 5 1.3 0.4 25.0 1.4
140 144 20 525 118 234 88 27 9.7 14 2 3.6 0.6 0.15 4 1.1 0.6 19.9 1.1
144 148 26 628 144 282 100 31 12.6 18 2 4.5 0.7 0.17 5 1.4 0.6 25.1 1.4
148 152 29 765 172 349 122 38 15.1 21 3 5.4 0.9 0.19 6 1.6 0.4 28.7 1.5
152 156 37 931 209 423 150 46 18.7 26 3 6.3 1.0 0.23 7 2.0 0.4 35.2 1.8
156 160 39 878 195 398 149 44 16.4 24 4 5.7 1.0 0.20 6 1.8 0.3 30.2 1.6
160 164 33 703 158 316 118 35 13.4 19 3 4.5 0.9 0.19 6 1.4 0.4 26.2 1.5
164 168 61 681 155 309 111 34 12.3 18 3 4.4 0.8 0.18 5 1.4 0.4 25.4 1.4
168 172 18 540 123 242 80 23 10.7 14 3 3.4 0.9 0.20 5 1.3 0.4 29.1 1.6
172 176 37 764 176 348 125 37 13.4 20 3 4.8 0.9 0.18 6 1.5 0.4 26.9 1.5
176 180 21 628 143 282 102 31 11.5 17 3 3.9 0.8 0.18 5 1.3 0.6 24.9 1.4
180 184 23 563 131 258 91 28 9.6 14 2 3.7 0.6 0.14 4 1.0 0.4 18.2 1.0
184 186 31 612 149 281 97 30 9.7 15 2 3.9 0.6 0.14 4 1.1 0.4 17.4 1.0
GHC002 0 4 25 140 30 59 25 6 3.1 4 1 0.6 0.3 0.11 2 0.4 0.2 7.8 0.9
4 8 16 1658 369 750 289 79 29.2 46 7 9.7 2.0 0.44 14 3.3 0.6 56.1 3.5
8 12 18 1353 287 569 253 64 27.9 40 7 9.1 2.1 0.52 13 3.1 0.7 71.9 4.1
12 16 15 1141 242 495 218 55 22.2 34 5 7.2 1.4 0.34 10 2.5 0.6 44.4 2.6
16 20 15 1282 280 548 247 64 25.1 38 5 8.8 1.4 0.31 10 2.7 0.3 48.0 2.5
20 24 16 1279 278 556 240 65 24.9 37 5 8.8 1.4 0.30 10 2.7 0.3 47.6 2.4
24 28 22 766 172 331 141 37 14.2 21 3 4.0 0.9 0.22 6 1.6 0.4 31.4 1.6
28 32 22 1237 264 528 248 60 23.5 36 5 8.1 1.4 0.30 10 2.6 0.3 47.4 2.4
32 36 28 1195 254 507 239 58 23.5 35 5 7.8 1.4 0.31 10 2.5 0.4 48.1 2.4
36 40 17 790 177 340 152 39 13.7 22 3 5.0 0.9 0.19 6 1.5 0.4 29.7 1.6
40 44 23 1101 240 466 209 52 21.8 31 5 6.3 1.5 0.34 10 2.5 0.6 51.0 2.7
44 48 15 1161 266 517 212 55 19.5 30 4 5.4 1.1 0.23 8 2.1 0.3 38.6 1.8
48 52 15 1264 272 552 246 62 23.2 36 4 7.9 1.3 0.28 10 2.5 0.3 45.3 2.3
52 56 12 1041 224 456 204 51 18.6 29 4 7.1 1.1 0.22 8 2.0 0.3 34.7 1.7
52 56 13 1158 257 508 222 57 20.5 32 4 7.7 1.1 0.24 8 2.2 0.3 35.8 1.8
56 60 6 424 109 185 71 19 6.1 9 1 5.2 0.4 0.10 3 0.7 0.4 12.8 0.8
60 64 16 1057 236 465 201 51 18.6 28 3 6.6 1.0 0.22 7 2.0 0.3 35.0 1.7
64 68 17 817 195 350 145 38 13.6 20 4 5.5 1.0 0.28 7 1.6 0.4 35.0 2.2
68 72 47 1365 298 596 234 65 26.4 37 8 6.6 2.2 0.52 14 3.3 0.4 68.6 4.6
72 76 19 1179 251 512 230 58 21.4 33 4 7.4 1.3 0.30 9 2.4 0.3 45.3 2.4
76 80 18 1270 271 551 253 62 23.9 36 5 8.4 1.3 0.28 10 2.6 0.3 43.9 2.3
80 84 20 942 203 401 188 46 18.0 27 4 6.1 1.1 0.24 7 1.9 0.3 37.8 1.8
84 88 30 1175 243 508 233 58 23.4 35 4 7.7 1.3 0.28 10 2.5 0.3 46.2 2.4
88 92 18 1111 236 472 223 54 22.1 33 4 7.3 1.3 0.27 9 2.4 0.3 43.8 2.2
92 96 18 1084 224 459 222 54 22.1 33 4 7.4 1.3 0.27 9 2.4 0.3 43.6 2.2
96 100 18 1002 208 424 204 50 20.7 31 4 7.1 1.2 0.25 8 2.2 0.2 39.0 1.9
100 104 19 1042 219 442 215 51 20.3 31 4 7.2 1.2 0.24 8 2.2 0.2 40.1 1.9
104 108 16 1006 210 430 203 49 20.2 30 4 7.0 1.2 0.24 8 2.1 0.3 39.1 1.9
108 112 19 1085 219 474 217 54 21.2 32 4 7.7 1.2 0.24 8 2.3 0.2 41.7 1.9
112 116 20 1095 223 472 225 53 21.8 33 4 7.4 1.2 0.24 9 2.3 0.2 41.5 1.9
116 120 21 1044 216 444 212 52 21.2 32 4 7.4 1.2 0.25 9 2.3 0.2 40.9 1.9

+61 8 6489 1600 [email protected] www.emetalslimited.com.au Suite 9, 330 Churchill Avenue, Subiaco WA 6008 PO Box 866, Subiaco WA 6904

EMETALS

Hole From To Cu TREO+Y La Ce Nd Pr Gd Sm Er Eu Ho Lu Dy Tb Tl Y Yb
GHC002 120 124 20 661 135 272 134 32 14.2 20 3 4.5 0.9 0.22 6 1.6 0.4 34.4 1.7
124 128 18 721 147 299 148 35 16.3 23 3 5.5 1.0 0.23 7 1.8 0.3 32.0 1.8
128 132 17 763 168 340 141 37 13.4 20 3 3.5 0.8 0.23 6 1.5 0.8 26.3 1.7
132 136 18 653 133 273 129 31 14.6 21 3 4.9 1.0 0.20 7 1.6 0.3 32.3 1.7
132 136 20 699 140 290 141 34 15.6 22 3 5.2 1.0 0.22 7 1.7 0.3 35.6 1.8
136 140 21 656 131 268 134 32 15.2 21 3 4.9 1.0 0.23 7 1.7 0.3 34.0 1.8
140 144 15 663 136 276 128 32 14.3 20 4 4.5 1.0 0.23 7 1.6 0.2 35.9 1.8
144 148 14 659 135 274 131 32 14.4 21 3 4.5 1.0 0.20 7 1.6 0.2 32.4 1.8
148 152 24 585 121 247 113 28 12.4 18 3 4.2 0.8 0.17 6 1.4 0.2 28.6 1.5
152 156 31 653 147 289 118 31 11.5 17 3 3.5 0.7 0.17 5 1.3 0.3 25.0 1.4
156 160 61 654 137 275 127 31 13.1 19 3 4.4 0.9 0.23 6 1.5 0.2 32.4 1.8
160 164 45 716 145 305 135 36 15.4 21 4 4.5 1.1 0.26 8 1.8 0.2 37.2 2.2
164 168 20 542 106 227 106 27 12.6 17 3 3.9 0.9 0.20 6 1.4 0.2 29.8 1.7
168 172 36 535 102 219 109 27 12.7 17 3 4.1 0.9 0.19 6 1.4 0.2 30.6 1.7
172 176 20 87 19 32 14 4 2.0 2 1 0.5 0.3 0.18 2 0.3 0.1 7.7 1.4
176 180 31 607 128 257 117 30 12.6 18 3 4.2 0.9 0.20 6 1.4 0.3 28.4 1.6
GHC004 12 16 43 917 211 416 153 44 15.7 22 5 4.5 1.2 0.31 8 1.8 0.3 32.6 2.5
16 20 17 616 163 281 88 28 8.4 12 3 2.7 0.7 0.25 4 1.0 0.8 21.2 1.8
20 24 21 393 104 185 53 17 5.0 7 2 1.9 0.4 0.15 3 0.6 0.9 12.8 1.0
20 24 17 355 91 163 51 16 5.0 7 2 2.0 0.4 0.15 3 0.6 0.8 13.5 1.0
24 28 35 827 181 358 142 39 16.1 22 5 6.4 1.2 0.32 8 1.8 0.6 43.0 2.4
28 32 40 1161 237 491 226 58 25.7 35 6 9.1 1.6 0.35 11 2.8 0.6 54.0 2.8
32 36 80 998 206 430 189 50 21.9 29 5 6.6 1.4 0.28 10 2.4 0.4 44.2 2.4
36 40 47 648 130 273 118 31 15.0 19 5 3.8 1.2 0.28 8 1.8 0.7 39.4 2.5
40 44 52 954 213 415 175 46 18.2 25 4 7.0 1.1 0.23 8 2.0 0.4 37.1 1.9
44 48 56 918 199 406 171 44 17.5 25 4 6.2 1.0 0.20 7 1.9 0.3 32.0 1.7
48 52 53 891 192 385 173 44 17.3 25 4 6.2 1.0 0.20 7 1.9 0.3 31.7 1.8
52 56 66 917 194 406 173 45 18.3 25 4 6.2 1.0 0.22 7 2.0 0.2 32.5 1.7
56 60 39 832 181 363 157 42 16.4 23 3 5.8 0.9 0.18 7 1.7 0.4 29.2 1.6
60 64 39 1062 236 461 196 52 21.2 30 5 6.9 1.2 0.25 9 2.3 0.4 39.5 2.2
64 68 177 648 143 281 121 32 12.4 18 3 4.4 0.8 0.17 5 1.4 0.3 23.5 1.4
68 72 130 592 131 255 108 28 11.8 16 3 4.3 0.7 0.18 5 1.3 0.3 24.9 1.5
72 76 96 483 101 206 91 24 9.9 14 3 4.0 0.7 0.16 5 1.2 0.3 21.3 1.3
76 80 94 504 111 214 95 25 10.5 14 3 4.1 0.7 0.17 5 1.1 0.3 20.1 1.3
80 84 96 521 115 228 95 26 9.8 14 2 3.9 0.6 0.15 4 1.1 0.4 19.3 1.3
84 88 59 567 124 242 103 28 11.6 16 3 4.1 0.8 0.19 5 1.3 0.4 25.3 1.5
88 92 38 794 186 357 135 36 13.4 20 3 4.4 0.8 0.19 6 1.5 0.7 27.0 1.6
92 96 51 805 188 351 140 39 13.9 20 4 4.5 0.9 0.22 6 1.6 0.6 33.5 1.7
96 100 57 523 111 218 100 25 11.6 15 3 3.7 0.8 0.17 5 1.3 0.4 26.7 1.5
96 100 56 503 104 217 94 24 10.6 14 3 3.6 0.7 0.17 5 1.2 0.4 24.3 1.4
100 104 31 1059 250 485 178 50 16.3 24 4 5.7 1.0 0.23 7 1.8 0.7 32.9 1.8
104 108 38 967 230 431 161 46 16.4 23 4 5.0 1.1 0.27 8 1.8 0.6 36.3 2.2
108 112 48 779 194 344 127 36 12.9 18 4 4.1 0.9 0.23 6 1.5 0.7 28.3 1.7
112 116 57 444 100 193 77 21 9.1 12 2 3.3 0.6 0.15 4 1.0 0.4 19.9 1.1
116 120 47 592 127 254 108 29 12.3 16 3 4.1 0.9 0.20 6 1.4 0.6 28.7 1.6
120 124 38 642 140 274 119 30 13.4 17 3 4.5 0.9 0.22 6 1.4 0.7 29.2 1.6
124 128 34 567 127 239 105 27 11.4 16 3 4.1 0.8 0.18 5 1.2 0.7 25.5 1.5
128 132 49 575 124 244 109 27 11.9 16 3 4.0 0.8 0.19 6 1.3 0.6 26.5 1.6
GHC005 0 4 48 639 142 282 102 31 14.1 19 3 4.7 1.0 0.22 7 1.6 0.2 29.2 1.7
4 8 58 690 145 300 111 34 16.3 21 4 5.2 1.2 0.32 8 1.9 0.3 39.7 2.5
8 12 78 857 172 365 140 41 21.4 27 7 6.4 1.8 0.56 11 2.5 0.4 56.5 4.1
12 16 91 1021 218 454 166 50 22.8 30 6 7.4 1.5 0.40 10 2.5 0.9 47.9 3.2
16 20 48 1722 360 770 293 87 37.5 54 8 12.0 2.2 0.48 15 4.0 1.2 74.9 3.9
20 24 122 1549 339 707 250 78 31.9 45 7 9.9 1.9 0.39 13 3.4 0.8 59.2 3.2
24 28 52 693 151 303 109 33 15.8 20 4 4.7 1.2 0.28 8 1.8 0.6 38.4 2.3
28 32 51 731 157 320 118 35 16.4 22 4 5.2 1.1 0.26 8 1.8 0.4 39.1 2.2
32 36 50 710 154 314 114 35 15.8 21 4 5.2 1.1 0.24 7 1.8 0.6 35.8 2.0
36 40 5 264 56 111 41 12 6.3 8 2 1.4 0.6 0.16 4 0.8 0.9 19.4 1.3

EMETALS

Hole From To Cu TREO+Y La Ce Nd Pr Gd Sm Er Eu Ho Lu Dy Tb Tl Y Yb
GHC005 40 44 43 543 114 235 94 28 12.0 16 3 3.5 0.8 0.19 6 1.4 0.8 27.8 1.6
44 48 64 835 177 364 136 40 19.1 25 5 5.8 1.4 0.34 9 2.2 0.6 45.2 2.8
48 52 64 800 172 354 129 40 17.9 24 4 5.6 1.2 0.28 8 2.0 0.4 38.5 2.3
52 56 55 655 141 288 106 32 14.6 19 4 4.4 1.0 0.24 7 1.6 0.4 35.2 1.9
56 60 78 929 198 415 153 46 20.5 28 5 6.1 1.3 0.27 9 2.3 0.3 42.5 2.4
60 64 54 681 138 294 115 34 16.6 22 4 5.0 1.1 0.24 7 1.8 0.4 38.5 2.0
64 68 35 607 127 257 105 29 14.1 18 4 4.2 1.1 0.27 7 1.6 0.6 37.3 2.2
68 72 54 756 154 329 131 38 18.6 24 4 5.8 1.1 0.24 8 2.0 0.3 38.6 1.9
72 76 48 811 172 360 133 40 18.7 25 4 5.5 1.2 0.26 8 2.0 0.4 38.9 2.2
76 80 43 732 158 321 121 36 16.1 22 4 5.1 1.0 0.24 7 1.8 0.4 35.4 1.9
80 84 33 772 171 344 125 38 16.3 22 4 5.6 1.0 0.23 7 1.7 0.3 33.7 1.8
84 88 35 750 167 335 121 37 15.4 21 4 5.6 1.0 0.22 6 1.7 0.3 32.9 1.8
88 92 36 1647 368 767 257 81 34.9 46 7 3.7 2.0 0.38 14 3.8 0.3 58.4 3.0
92 96 50 1006 230 459 154 48 21.0 28 5 3.6 1.3 0.28 9 2.3 0.4 41.8 2.4
96 100 16 263 57 111 42 13 4.1 8 2 1.6 0.5 0.13 3 0.7 0.6 16.6 1.0
60 64 57 717 145 309 122 35 17.6 23 4 5.2 1.2 0.25 8 1.9 0.4 40.5 2.0
GHC006 48 52 19 639 122 266 132 32 15.0 21 3 5.5 1.0 0.23 7 1.6 0.2 31.5 1.8
52 56 21 527 104 221 102 26 12.0 16 3 4.2 0.8 0.22 6 1.4 0.4 27.2 1.8
56 60 26 1421 297 623 275 72 28.1 41 5 9.1 1.6 0.32 11 3.0 0.3 51.0 2.6
60 64 26 1224 256 535 231 62 25.2 37 5 7.1 1.5 0.30 10 2.6 0.3 47.9 2.6
64 68 19 886 203 389 161 43 15.7 23 3 5.4 1.0 0.24 7 1.7 0.8 31.2 1.7
68 72 19 740 163 323 136 36 14.2 19 3 4.0 0.9 0.23 6 1.6 0.4 29.5 1.7
72 76 31 1121 233 484 220 56 22.5 32 5 7.4 1.4 0.28 10 2.4 0.3 43.8 2.4
76 80 37 970 205 417 189 47 19.5 28 4 6.8 1.2 0.25 8 2.2 0.4 38.7 2.0
80 84 92 768 165 335 147 38 14.6 21 3 5.2 0.8 0.19 6 1.6 0.6 28.1 1.5
84 86 79 583 123 248 112 29 11.9 17 3 4.1 0.8 0.18 5 1.3 0.6 25.8 1.5
GHC007 0 4 68 603 123 261 107 32 14.5 19 3 5.0 1.1 0.24 8 1.8 0.1 25.0 1.9
40 44 68 583 117 251 108 29 13.4 18 3 4.1 1.0 0.24 6 1.5 0.1 28.8 1.8
44 48 25 468 103 211 79 23 8.8 13 2 2.7 0.6 0.18 4 1.0 0.3 18.5 1.3
48 52 57 896 194 398 167 46 17.1 27 3 6.3 0.9 0.18 7 1.8 0.2 27.4 1.5
52 56 32 688 152 309 122 34 12.6 19 2 4.3 0.8 0.18 6 1.4 0.4 21.6 1.4
56 60 63 520 114 233 91 26 9.9 14 2 3.4 0.6 0.14 4 1.1 0.3 19.3 1.0
104 108 89 532 117 237 94 26 10.1 15 2 3.9 0.7 0.16 5 1.1 0.2 19.6 1.3
108 112 85 523 114 232 92 26 10.1 15 2 3.7 0.7 0.15 5 1.1 0.3 19.9 1.1
112 116 98 540 116 239 98 27 10.4 16 2 4.1 0.7 0.16 5 1.2 0.2 19.9 1.3
116 120 83 699 135 302 139 36 16.5 25 2 5.5 0.9 0.18 7 1.8 0.3 26.8 1.5
120 124 117 1139 211 492 236 62 26.6 41 4 8.9 1.4 0.27 11 2.8 0.3 40.8 2.2
124 128 78 753 138 321 152 39 18.4 27 3 6.1 1.1 0.24 8 2.0 0.3 33.8 1.9
128 132 128 555 101 227 114 28 15.9 22 3 5.1 0.9 0.19 7 1.7 0.2 28.1 1.5
132 136 115 507 97 213 100 26 13.0 19 2 4.2 0.8 0.19 6 1.4 0.3 23.4 1.5
136 140 69 444 90 189 81 22 9.9 14 2 3.5 0.8 0.20 5 1.2 0.4 23.7 1.6
140 144 72 690 136 296 132 35 15.6 23 3 5.3 1.0 0.25 7 1.7 0.2 31.6 1.9
144 148 63 406 88 176 71 20 8.1 12 2 3.3 0.5 0.14 4 0.9 0.3 18.8 1.0
148 150 50 359 81 155 61 17 7.3 11 2 3.0 0.6 0.17 4 0.9 0.3 16.4 1.3
112 116 75 630 133 278 115 31 12.6 19 2 4.2 0.8 0.18 6 1.4 0.3 24.8 1.5
GHC008 0 4 41 761 170 340 136 39 14.2 22 2 4.8 0.9 0.17 6 1.6 -0.1 22.7 1.4
4 8 61 1019 202 431 189 50 23.9 32 5 7.8 1.8 0.40 12 2.7 -0.1 57.9 3.2
8 12 32 613 135 274 101 29 11.4 16 3 3.7 0.9 0.26 6 1.4 0.3 27.8 1.9
12 16 43 875 184 387 152 43 18.1 26 4 5.5 1.4 0.38 9 2.1 0.2 39.1 2.8
16 20 35 513 108 226 87 24 10.7 15 3 3.5 0.9 0.30 6 1.3 0.7 25.1 2.2
20 24 51 975 204 437 174 48 18.9 29 4 6.7 1.3 0.35 9 2.2 0.6 37.1 2.6
24 28 62 1401 310 642 247 73 23.4 38 4 8.6 1.3 0.31 10 2.6 0.7 37.8 2.3
28 32 258 1218 264 549 217 62 22.6 35 4 7.7 1.3 0.32 10 2.4 0.7 40.6 2.4
32 36 69 1309 291 587 225 66 24.6 36 5 6.6 1.6 0.41 11 2.8 0.8 48.6 3.1
36 40 132 726 150 315 132 37 15.4 22 3 5.0 1.1 0.27 8 1.8 0.3 33.3 2.2

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 PO Box 866, Subiaco WA 6904

EMETALS

Hole From To Cu TREO+Y La Ce Nd Pr Gd Sm Er Eu Ho Lu Dy Tb Tl Y Yb
GCH008 40 44 76 727 147 315 134 36 16.1 23 3 4.9 1.2 0.27 8 1.8 0.3 33.8 2.2
44 48 80 733 148 319 136 37 16.1 23 3 5.4 1.1 0.26 8 1.8 0.3 32.5 2.0
48 52 79 688 135 292 129 34 16.1 22 3 4.9 1.2 0.27 8 1.9 0.3 37.0 2.2
52 56 81 817 160 351 154 41 18.1 26 4 5.8 1.4 0.32 9 2.1 0.4 40.6 2.5
56 60 77 682 134 289 128 34 15.9 22 3 4.9 1.2 0.28 8 1.9 0.4 35.9 2.2
60 64 58 638 129 274 119 32 14.1 19 3 4.8 1.1 0.24 7 1.6 0.3 30.7 1.9
64 68 46 1180 245 517 223 61 23.5 36 4 8.2 1.4 0.32 10 2.5 0.4 44.4 2.6
68 72 43 1396 281 608 272 75 29.9 46 4 9.9 1.6 0.33 12 3.2 0.4 49.1 2.6
72 76 65 1451 279 624 295 80 32.3 50 5 10.9 1.8 0.34 13 3.5 0.2 53.0 2.8
76 80 62 1348 271 595 261 73 27.7 43 4 9.7 1.5 0.30 11 3.0 0.3 43.9 2.4
80 84 53 769 155 331 139 38 16.3 23 4 4.5 1.4 0.43 9 1.9 0.3 41.0 3.4
84 88 110 540 102 226 100 27 12.8 18 3 4.1 1.1 0.31 7 1.6 0.2 34.0 2.4
84 88 115 527 100 220 98 26 12.8 17 3 4.0 1.1 0.33 7 1.5 0.2 33.0 2.5
88 92 225 253 39 90 42 11 8.2 9 4 2.3 1.2 0.49 7 1.2 0.1 35.7 3.5
92 96 275 162 18 43 24 6 7.0 6 4 1.8 1.3 0.58 7 1.1 0.1 38.2 4.2
96 100 159 460 84 189 83 22 11.8 15 4 3.6 1.2 0.39 7 1.5 0.1 34.5 3.0
100 104 189 377 65 146 67 18 10.4 13 4 3.1 1.3 0.47 7 1.4 0.2 36.2 3.3
104 108 268 229 34 76 36 9 7.8 8 4 2.1 1.3 0.53 7 1.2 0.2 37.2 3.9
108 112 223 272 42 96 45 12 8.6 10 4 2.5 1.3 0.51 7 1.3 0.1 37.8 3.8
112 116 266 184 24 55 27 7 6.9 6 4 1.8 1.3 0.56 7 1.1 0.2 37.0 4.0
116 120 252 179 23 52 27 7 7.1 7 4 1.9 1.3 0.57 7 1.1 0.1 36.3 4.2
120 124 255 152 16 39 22 5 6.7 6 4 1.8 1.3 0.58 7 1.1 0.2 37.5 4.1
124 128 252 141 15 35 20 5 6.3 5 4 1.7 1.3 0.55 7 1.0 0.2 35.6 3.9
128 132 259 173 22 51 25 6 6.8 6 4 1.8 1.3 0.56 7 1.1 0.2 34.8 3.9
132 136 266 159 18 42 23 6 6.6 6 4 1.8 1.3 0.56 7 1.1 0.2 37.7 4.1
136 140 255 302 51 112 48 13 9.0 10 4 1.9 1.3 0.56 7 1.3 0.2 39.0 3.9
140 144 223 373 71 148 60 17 9.7 11 4 2.0 1.3 0.50 7 1.4 0.2 37.3 3.5
144 148 269 260 38 86 41 11 9.0 9 5 2.2 1.5 0.65 8 1.4 0.2 43.0 4.7
148 152 133 538 104 225 98 26 12.3 17 4 3.9 1.2 0.39 7 1.5 0.2 34.9 3.0
152 156 168 340 60 132 59 16 9.1 11 4 2.9 1.1 0.43 7 1.2 0.1 32.9 3.1
156 160 249 185 24 55 28 7 7.0 7 4 2.0 1.3 0.55 7 1.1 0.1 37.2 4.0
160 164 248 232 36 79 36 9 7.6 8 4 1.8 1.3 0.53 7 1.1 0.1 36.4 4.0
160 164 254 227 34 76 34 9 7.7 8 4 1.9 1.3 0.56 7 1.2 0.2 37.5 3.9
164 168 253 279 47 102 43 12 8.3 9 4 1.9 1.3 0.52 7 1.2 0.2 38.2 3.8
168 172 280 156 17 40 22 5 6.8 6 4 1.8 1.3 0.57 7 1.1 0.2 38.4 4.1
172 176 43 123 27 50 18 5 2.8 3 1 1.1 0.4 0.14 2 0.4 0.3 10.1 1.0
176 180 7 75 16 30 12 3 1.8 2 1 0.7 0.2 0.07 1 0.3 0.2 5.8 0.5

+61 8 6489 1600 [email protected] www.emetalslimited.com.au

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 PO Box 866, Subiaco WA 6904

EMETALS

Hole From To Cu TREO+Y La Ce Nd Pr Gd Sm Er Eu Ho Lu Dy Tb Tl Y Yb
GHC009 0 4 34 86 18 34 13 4 1.8 2 1 0.7 0.3 0.13 1 0.3 0.4 8.2 0.9
4 8 291 211 31 62 29 7 7.0 6 6 1.7 1.3 0.55 7 1.0 0.4 47.5 3.9
8 12 281 177 20 45 26 6 7.3 6 6 2.0 1.4 0.58 7 1.1 0.4 45.2 4.3
12 16 330 171 20 45 26 6 6.9 6 5 2.0 1.3 0.52 7 1.1 0.2 40.6 3.8
16 20 364 173 18 44 26 6 7.4 6 6 2.0 1.4 0.59 7 1.2 0.2 41.9 4.3
20 24 324 157 16 39 23 5 6.6 5 5 1.8 1.3 0.52 7 1.0 0.2 40.9 4.0
24 28 289 157 16 40 23 5 6.7 6 6 1.7 1.3 0.56 7 1.0 0.2 39.5 4.1
28 32 309 157 16 39 23 5 6.8 6 5 1.8 1.3 0.57 7 1.0 0.2 39.9 4.2
32 36 323 155 16 37 23 5 6.7 6 5 1.8 1.3 0.56 7 1.0 0.2 41.3 4.1
36 40 314 160 17 39 23 5 6.9 6 6 1.8 1.4 0.55 7 1.1 0.2 40.3 4.2
40 44 305 158 16 39 23 5 6.8 6 5 1.9 1.3 0.56 7 1.0 0.2 41.1 4.1
44 48 305 160 17 41 24 5 6.6 6 5 1.8 1.2 0.57 7 1.1 0.2 40.3 4.2
48 52 303 156 16 39 23 5 6.6 6 5 1.9 1.3 0.56 7 1.1 0.2 39.0 4.0
52 56 301 144 15 36 21 5 6.2 5 5 1.7 1.2 0.52 7 1.0 0.2 36.2 3.9
56 60 307 155 16 38 23 5 6.7 6 6 1.8 1.3 0.56 7 1.1 0.2 40.1 4.0
60 64 317 152 15 37 22 5 6.6 5 5 1.7 1.2 0.55 7 1.1 0.2 39.4 3.9
64 68 307 147 15 35 22 5 6.3 5 5 1.6 1.2 0.51 6 1.0 0.2 39.0 3.9
68 72 314 145 15 35 21 5 6.1 5 5 1.7 1.2 0.50 7 1.0 0.2 38.1 3.9
72 76 312 138 14 33 20 4 6.0 5 5 1.6 1.2 0.51 6 0.9 0.2 35.9 3.9
72 76 316 140 14 34 20 4 6.0 5 5 1.6 1.2 0.52 6 1.0 0.2 36.6 3.8
76 80 308 166 17 40 24 5 6.9 6 6 1.9 1.3 0.59 7 1.1 0.2 44.3 4.3
80 84 293 167 18 41 25 5 7.0 6 6 1.9 1.4 0.59 7 1.1 0.2 42.2 4.3
84 88 275 178 18 45 26 6 7.5 6 6 2.0 1.4 0.64 8 1.2 0.2 45.3 4.8
88 92 298 158 17 39 23 5 6.6 6 6 1.9 1.3 0.56 7 1.1 0.2 40.0 4.2
92 96 299 163 17 41 24 5 7.1 6 6 1.9 1.4 0.59 7 1.1 0.2 41.3 4.2
96 100 288 167 17 42 25 5 7.0 6 6 1.9 1.4 0.58 7 1.1 0.2 41.3 4.3
100 104 296 172 18 43 25 6 7.1 6 6 1.9 1.4 0.61 7 1.1 0.3 43.9 4.4
104 108 289 163 17 41 24 5 6.9 6 6 1.8 1.3 0.58 7 1.1 0.2 41.5 4.1

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 PO Box 866, Subiaco WA 6904

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