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EV RESOURCES LTD Capital/Financing Update 2022

Feb 27, 2022

64887_rns_2022-02-27_cd3006c1-38c8-4e6a-b627-4ccdf8a1614d.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT 28 February 2022

EV Resources to Acquire Highly Prospective Don Enrique Copper Project in Peru

Highlights:

  • § EV Resources enters into an in-principle agreement with the principle shareholder of Minera Montserrat S.A.C., a Peruvian company, in order to acquire the Don Enrique Project.

  • § The Don Enrique Project consists of 4 licences covering 1,800Ha in an area 30km north east of Jauja and approximately 260km from the Nation’s capital, Lima.

  • § Significant copper, gold and silver values returned from previous sampling of an underground exploration adit and from surface outcrop of over 1500m extent indicate considerable potential for the Project.

  • § Underground rock chip values to 4.7% Cu, 1269ppm Ag and 0.33ppm Au. Underground continuous channel sampling across mineralisation returned a best zone of 12m at 1.56% Cu, 282ppm Ag, 0.06ppm Au. Surface samples 800m from the adit returned up to 4.8% Cu, 251ppm Ag and 0.15ppm Au.

  • § Only 90m (adit) of the sulphide zone over a 1500m mapped extent of breccia has been sampled to date. Further sampling, mapping and geophysics is required before drilling with the intention to apply for a licence under the PPM (Pequeno Productora Minera).

EV Resources Limited (ASX:EVR) (“ EVR ”, the “ Company ”), is pleased to announce that the Company has entered into an in-principle agreement with the principle shareholder of Minera Montserrat S.A.C, a Peruvian company and 100% owner of the Don Enrique Copper-GoldSilver Project, located in Peru. Total consideration for the acquisition of 100% of Minera Montserrat S.A.C. is US$1.3m, payable over 2 years.

Don Enrique Copper-Gold-Silver Project

The project consists of 4 licences covering 1,800Ha, in an area 21km northeast of Jauja, and approximately 260km from the Nation’s capital, Lima:

  • Don Enrique, Licence number: 0100769-12, 1000 Ha.

  • Chaupiloma 2007, Licence Number: 0105549-07, 100 Ha.

  • Chaupiloma 2008, Licence Number: 0101581-08, 100 Ha.

  • • COCOA BEACH, Licence Number: 010155815, 600 Ha.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

==> picture [450 x 321] intentionally omitted <==

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

DON ENRIQUE PROJECT
Cocoa Beach
Licence
Don Enrique
Licence
Chaupiloma 2008
Licence
ADIT Chaupiloma 2007
Licence
----- End of picture text -----

Figure 1. Don Enrique Copper-Gold-Silver Project Location

The Project is about one hour from Jauja, which is connected to Lima by airplane with daily flights. The Project has immediate access to both water and low voltage power as well as good all-weather unpaved access roads. The combination of significant previous copper, gold and silver sample results, available road, water and power infrastructure with no towns present in the Project area makes Don Enrique a compelling exploration project.

Initial site visits, reconnaissance mapping and sampling was conducted by an experienced Peruvian exploration geologist and this work was subsequently reviewed by EV Resources’ geologists and business development executives in multiple site visits conducted by way of due diligence.

Project Geology

Country rocks of the district consist of a sequence of clastic sediments, mainly sandstones and argillaceous shales, and pyroclastic volcanics and andesitic flow-porphyries. The sediments and volcanics are folded, faulted and intruded by a complex-igneous intrusive, varying in composition from microdiorite to dacite. These units have been later intruded by narrow

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

felsic (aplitic) dykes. The sedimentary-volcanic sequence is known in central Perú as the “Permian Mitu Group”, and the volcanic unit as “Catalina Volcanics”. The area is crossed diagonally by a large regional fault zone, striking NW-SE, and can be followed for at least 40km.

At the main Don Enrique Prospect, copper-gold-silver mineralisation is hosted by two parallel, subvertical to steeply east dipping, hydrothermal breccia structures that range from 5m to 20m in width and are separated by a 90m wide zone of andesite.

As observed in the underground adit (Zone 1), vein material is composed in part of massive sulphides with patches and pods of quartz and calcite veinlets. Sulphides mainly comprise a mixture of patches of chalcopyrite, minor bornite together with scattered molybdenite, some galena and rare sphalerite. At the hanging-wall of the vein there is a zone more than 2m thick of hydrothermal breccia composed of altered rock-fragments with disseminated sulphides, and quartz fragments in a matrix of argillised and silicified materials with milky quartz and calcite veinlets.

At surface, Zone 1 crops-out discontinuously over widths of 15m to 20m for about 1km showing abundant iron oxides and traces of remnant sulphide within milky quartz. Zone 2 can be traced as almost continuous outcrop for 1.2 to 1.5km over 5 to 10m widths as milky quartz, hosting some scattered old small pits and trenches.

The breccia bodies and veining are interpreted to extend from surface to the valley floor, a vertical distance of 300m. There is no evidence of drilling at the prospect, hence it is unknown whether observed mineralisation is continuous from surface to the adit level.

==> picture [438 x 257] intentionally omitted <==

Figure 2. View of Zone 1 (east) and Zone 2 (west) viewed to south. Distance from hill crest to valley floor is 300 metres.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

Mapping has identified an outcrop of breccia across the alluvium-filled valley to the north of the adit area that returned elevated copper-gold-silver values. The outcrop is located 800m from the most northerly mapped extent of Zone 2 and it is thought that this may represent an offset continuation of this zone.

Previous Exploration

The vendor has supplied EV Resources with copies of work undertaken by previous companies in the Don Enrique Prospect area, comprising surface and underground sampling and geological reports. There is no evidence of drilling from surface or underground to test the depth extent or lateral continuity of mineralisation.

The area was prospected during the 60's by the Andes Orientales Exploration Co. who excavated a 90m exploration adit to the east of breccia Zone 1 and completed 4 cross-cuts to 20m extent to access the breccia-hosted mineralisation.

==> picture [314 x 235] intentionally omitted <==

Figure 3. Exploration adit entrance.

Several companies have undertaken assessment work for the project since 2012 that has included surface and underground sampling. The most comprehensive work was undertaken by Stellar Mining Co. who undertook mapping and collected surface and underground samples to assess the Don Enrique Project during 2013 and 2014. In total 129 rock samples were collected, of which 54 were surface, 82 underground and additional standards, blanks and duplicates. This work included continuous channel sampling along the cross cuts. Other companies to undertake work include Copperfield Peru SAC, Masglas Americas Corporation and Solitario Exploration & Royalty Corp. Sufficient data has been provided to include results of sampling undertaken by these companies. Other information that cannot be verified has been excluded from this release.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

==> picture [596 x 576] intentionally omitted <==

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

N
DIORITE
SEDIMENTS
Several lower-grade values
to 0.44% Cu, 48ppm Ag and
0.07ppm Au BRECCIA
----- End of picture text -----

Figure 4. Higher-grade point and continuous channel results from underground sampling, eastern breccia lode. All sample points shown as green dots.

During assessment, previous companies undertook surface sampling along the 1500m extent of both zones with up to 1.39% Cu and 39ppm silver returned from sampling approximately 250m vertical distance above the adit level. A zone of breccia has been identified 800m northeast from the western breccia lode (Zone 2) and has been interpreted as a continuation of this zone based on geological mapping. Sampling of this breccia has returned up to 4.8% Cu, 251ppm Ag and 0.15ppm Au.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

==> picture [358 x 456] intentionally omitted <==

Figure 5. Mapped extent of breccia lodes on surface (yellow) and outcrop sampling. Interpreted continuation of western breccia lode across broad valley to north where high-grade results from surface sampling were returned.

Planned Work Programme

Prior to undertaking drill testing of the breccia lodes, initial work will involve further detailed sampling, mapping and geophysical surveys such as magnetics and IP to better define the mineralised zones at depth.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

The Company’s intention is to apply for a licence under the PPM (Pequeno Productora Minera), or small miner framework available to holders of licences <2000 hectares in extent. This permission will allow for the extraction and processing of up to 350 tonnes per day of ore, as well as undertaking drilling programmes. This application, which is expected to require no less than 3 months and up to 9 months, would in time be followed by an application for a conventional, larger scale project development licence.

On receipt of a drilling permit, the Company will execute a drilling programme utilising diamond core drilling of a size to be determined based on initial sampling and geophysical work. The results of this drilling programme will determine further drilling programmes, preparatory to feasibility studies.

Transaction Terms

EV Resources has entered into an in-principle agreement with Mr Maurizio Ledesma ( Vendor ) who is the 50% shareholder of Minera Montserrat S.A.C ( Montserrat ), a Peruvian company incorporated under the company reference number RUC Nº 20554377425 and 100% owner of the Don Enrique Project. The remaining 50% is held by several third parties.

Under the agreement EV Resources has agreed to acquire 100% of Montserrat on the following transaction terms:

  • On signing of a definitive agreement ( Definitive Agreement ), payment of US$300,000 in cash to buy 50% of the shares of Montserrat;

  • Up until the 24 month anniversary of signing the Definitive Agreement, EV Resources has the option to acquire the remaining 50% of the shares of Montserrat for the sum of US$1,000,000 (“ Option ”);

  • From the date 12 months after submission of a drilling permit application to expiry or exercise of the Option by EV Resources, the Vendor shall have the right to sell the remaining 50% shares in Montserrat to a 3[rd] party, provided that EV Resources shall have a right of first refusal to buy those shares on the same terms bid.

  • A 1% NSR shall be payable to the Vendor.

The agreement terminates:

  • When the Definitive Agreement is signed, by 14 March 2022; or

  • If the Vendor is unable to consolidate ownership of 100% of Montserrat prior to 14 March 2022.

ENDS

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

For further information, please contact:

Luke Martino Adrian Paul Non-Executive Chairman Executive Director Tel: +61 8 6489 0600 Tel: +61 8 6489 0600 E: [email protected] E: [email protected]

This ASX announcement was authorised for release by the Board of EV Resources Limited (EVR).

Forward Looking Statement

Forward Looking Statements regarding EVR´s plans with respect to its mineral properties and programs are forward-looking statements. There can be nо assurance that EVR’s plans for development of its mineral properties will proceed as currently expected. Therе can also be no assurance that EVR will be able to confirm the presence of additional mineral resources, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of EVR’s mineral properties. The performance of EVR may be influenced by a number of factors which are outside the control of the Company and its Directors, staff, and contractors. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the company’s prospects, properties and business strategy. Our audience is cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forwardlooking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

Competent Person’s Statement

The information in this announcement that relates to the Don Enrique Project, is based on information compiled by Mr Erik Norum who is a Member of the Australian Institute of Geoscientists. Mr Norum is employed by EV Resources. Mr Norum 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 as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Norum consents to the inclusion in this announcement of the matters based on information in the form and context in which it appears.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

Table 1. Don Enrique sample results

SAMPLEID COMPANY YEAR E_WGS84 N_WGS84 ELEVATION REFERENCE Survey METHOD LENGTH
(m)		 WIDTH
(m)		 ROCK_TYPE LAB ASSAY_METHOD Au_ppm Ag_ppm As_ppm Ba_ppm Cu_ppm Pb_ppm Zn_ppm
RRDE- 1 CopperField 2018 460005.846 8712317.008 4433 UNDERGROUND GPS / Tape CHIP CERTIMIN MS- ICPOES- MS 0.326 539 53.5 26 25700 3052 819
RRDE- 2 CopperField 2018 459997.857 8712315.676 4433 UNDERGROUND GPS / Tape CHIP CERTIMIN MS- ICPOES- MS 0.071 317 21.2 67 34900 1296 2753
RRDE- 3 CopperField 2018 459993.333 8712306.437 4433 UNDERGROUND GPS / Tape CHIP CERTIMIN MS- ICPOES- MS 0.027 42.7 21.9 15 14800 307 146
RRDE- 4 CopperField 2018 460001.864 8712304.867 4433 UNDERGROUND GPS / Tape CHIP CERTIMIN MS- ICPOES- MS 0.053 10.7 23.1 23 2248 152 216
RRDE- 5 CopperField 2018 460006.187 8712303.719 4433 UNDERGROUND GPS / Tape CHIP CERTIMIN MS- ICPOES- MS 0.15 14.8 23.2 32 5977 128 317
RRDE- 6 CopperField 2018 460005.945 8712272.557 4433 UNDERGROUND GPS / Tape CHIP CERTIMIN MS- ICPOES- MS 0.016 61.3 18.4 31 4382 3631 2638
109711 CUMBREX 2014 459992.883 8712261.549 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 1 581 26 109 246
109712 CUMBREX 2014 459991.983 8712262.109 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 1 1240 9 62 114
109713 CUMBREX 2014 459991.733 8712262.649 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 1 1190 98 26 35
109714 CUMBREX 2014 459991.253 8712263.749 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 1 1180 49 112 150
109715 CUMBREX 2014 459991.753 8712268.539 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.010 18 22.3 2130 590 102
109716 CUMBREX 2014 459990.753 8712270.499 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.008 13 38.4 1010 386 77
109717 CUMBREX 2014 459987.123 8712272.709 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.018 12 38 520 559 77
109718 CUMBREX 2014 459985.753 8712273.579 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Diorite CERTIMIN AR- ICPOES 0.003 1 278 45 67 78
109719 CUMBREX 2014 460007.753 8712274.009 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 1 309 106 179 450
109721 CUMBREX 2014 460005.963 8712274.739 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.015 11 261 884 606 2720
109722 CUMBREX 2014 460004.143 8712275.459 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.043 81 56.2 3590 665 1010
109723 CUMBREX 2014 460002.433 8712276.169 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.861 386 51 24500 482 473
109724 CUMBREX 2014 460000.483 8712276.869 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.023 68 37.6 3550 2890 2410
109725 CUMBREX 2014 459998.413 8712277.649 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.009 46 93.9 3430 662 320
109726 CUMBREX 2014 459996.543 8712278.239 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.074 49 21.2 4060 626 126
109727 CUMBREX 2014 459994.453 8712279.079 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.016 26 67.4 2040 159 89
109728 CUMBREX 2014 459992.663 8712279.959 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.007 6 202 288 386 132
109729 CUMBREX 2014 460005.764 8712292.394 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 9 215 368 183 186
109731 CUMBREX 2014 460003.784 8712292.364 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.008 7 202 579 212 137
109732 CUMBREX 2014 460001.784 8712292.364 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.013 14 34.1 793 325 114
109733 CUMBREX 2014 459999.804 8712292.364 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.018 51 32.1 3230 1160 454
109734 CUMBREX 2014 459997.834 8712292.314 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.009 18 54.8 1880 555 457
109735 CUMBREX 2014 459995.765 8712292.324 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.006 8 68.6 1020 472 994
109736 CUMBREX 2014 459993.835 8712292.384 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 1 256 391 248 684
109737 CUMBREX 2014 459999.784 8712294.344 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.027 24 45.6 1900 348 267
109738 CUMBREX 2014 459997.764 8712294.364 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.008 9 61.1 1440 1480 285

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

SAMPLEID COMPANY YEAR E_WGS84 N_WGS84 ELEVATION REFERENCE Survey METHOD LENGTH
(m)		 WIDTH
(m)		 ROCK_TYPE LAB ASSAY_METHOD Au_ppm Ag_ppm As_ppm Ba_ppm Cu_ppm Pb_ppm Zn_ppm
109739 CUMBREX 2014 459995.784 8712294.384 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.018 15 98.9 2800 360 57
109741 CUMBREX 2014 459993.765 8712293.344 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 4 66 254 226 47
109742 CUMBREX 2014 460006.773 8712303.519 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 1 347 214 42 296
109743 CUMBREX 2014 460005.093 8712304.329 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.549 43 77.3 13800 158 808
109744 CUMBREX 2014 460003.283 8712304.909 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.072 65 69.6 7680 423 566
109745 CUMBREX 2014 460001.253 8712304.969 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.067 135 36.6 6840 3540 462
109746 CUMBREX 2014 459999.393 8712305.219 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.024 36 29.8 5230 873 334
109747 CUMBREX 2014 459997.253 8712305.699 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 4 70.2 1160 302 733
109748 CUMBREX 2014 459995.273 8712306.039 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.046 48 51.8 13400 300 161
109749 CUMBREX 2014 460008.293 8712317.229 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.055 7 207 2650 214 197
112861 CUMBREX 2014 460006.303 8712317.169 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.017 12 103 2980 182 202
112862 CUMBREX 2014 460004.403 8712316.979 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.090 82 47.2 8210 476 122
112863 CUMBREX 2014 460002.003 8712316.579 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.199 1296 20.4 38500 6950 2930
112864 CUMBREX 2014 460000.403 8712316.179 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.006 19 0.25 4060 285 237
112865 CUMBREX 2014 459998.613 8712315.989 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.003 15 46.7 2160 263 193
112866 CUMBREX 2014 459996.333 8712315.629 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.033 96 96.3 12000 447 444
112867 CUMBREX 2014 459994.743 8712315.509 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.059 186 111 28500 500 383
112868 CUMBREX 2014 460002.333 8712318.169 4433 UNDERGROUND GPS / Tape CHIP 1.2 0.9 Pyroclastic Rock CERTIMIN AR- ICPOES 0.023 42 21.9 9990 314 180
112869 CUMBREX 2014 460002.823 8712316.519 4433 UNDERGROUND GPS / Tape CHIP 1.2 0.9 Pyroclastic Rock CERTIMIN AR- ICPOES 0.114 655 33 34900 3110 784
112871 CUMBREX 2014 459995.763 8712317.559 4433 UNDERGROUND GPS / Tape CHIP 1.2 0.9 Pyroclastic Rock CERTIMIN AR- ICPOES 0.008 34 56.2 4750 221 414
112872 CUMBREX 2014 459995.783 8712315.549 4433 UNDERGROUND GPS / Tape CHIP 1.2 0.9 Pyroclastic Rock CERTIMIN AR- ICPOES 0.124 213 99.6 28500 538 196
112873 CUMBREX 2014 459984.783 8712345.548 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.033 102 73.7 4330 1020 1850
112874 CUMBREX 2014 459982.783 8712344.548 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.05 Pyroclastic Rock CERTIMIN AR- ICPOES 0.016 18 71.8 1410 434 96
112875 CUMBREX 2014 460056.102 8713248.223 4463 SURFACE GPS CHANNEL 0.4 0.05 Vein CERTIMIN AR- ICPOES 0.009 49 611 21400 9350 6260
112876 CUMBREX 2014 460064.102 8713243.223 4463 SURFACE GPS CHANNEL 1.5 0.05 Vein CERTIMIN AR- ICPOES 0.016 99 924 25900 21200 15000
117571 CUMBREX 2014 459975.412 8712336.171 4433 UNDERGROUND GPS / Tape CHANNEL 1.5 0.1 Not observed CERTIMIN AR- ICPOES 0.013 17 125 1750 170 404
117572 CUMBREX 2014 459979.486 8712333.388 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.1 Quartz vein CERTIMIN AR- ICPOES 0.021 85 41 7290 497 370
117573 CUMBREX 2014 459983.395 8712336.561 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.1 Quartz vein CERTIMIN AR- ICPOES 0.014 21 21.4 2460 621 288
117574 CUMBREX 2014 459983.271 8712340.500 4433 UNDERGROUND GPS / Tape CHANNEL 2 0.1 Quartz vein CERTIMIN AR- ICPOES 0.023 17 27.5 1890 343 1030
117575 CUMBREX 2014 460135.102 8712061.239 4520 SURFACE GPS CHANNEL 4 0.1 Breccia CERTIMIN AR- ICPOES 0.061 8 95.1 1880 238 59
117576 CUMBREX 2014 460133.102 8712059.239 4520 SURFACE GPS CHANNEL 2.1 0.1 Breccia CERTIMIN AR- ICPOES 0.003 1 396 585 56 69
117577 CUMBREX 2014 460128.102 8712058.239 4523 SURFACE GPS CHANNEL 4 0.1 Not observed CERTIMIN AR- ICPOES 0.003 2 185 587 40 42
117578 CUMBREX 2014 460124.102 8712059.239 4525 SURFACE GPS CHANNEL 3.5 0.1 Not observed CERTIMIN AR- ICPOES 0.003 3 543 1100 52 37
117579 CUMBREX 2014 460168.101 8712204.237 4519 SURFACE GPS CHANNEL 3 0.1 Breccia CERTIMIN AR- ICPOES 0.006 2 12.5 50 30 16
117581 CUMBREX 2014 460165.101 8712202.237 4519 SURFACE GPS CHANNEL 3.5 0.1 Quartz vein CERTIMIN AR- ICPOES 0.044 2 39.6 130 73 89
117582 CUMBREX 2014 460149.101 8712239.237 4512 SURFACE GPS CHANNEL 2.4 0.1 Quartz vein CERTIMIN AR- ICPOES 0.031 2 21.6 142 107 23

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

SAMPLEID COMPANY YEAR E_WGS84 N_WGS84 ELEVATION REFERENCE Survey METHOD LENGTH
(m)		 WIDTH
(m)		 ROCK_TYPE LAB ASSAY_METHOD Au_ppm Ag_ppm As_ppm Ba_ppm Cu_ppm Pb_ppm Zn_ppm
117583 CUMBREX 2014 460148.101 8712237.237 4513 SURFACE GPS CHANNEL 1.6 0.1 Quartz vein CERTIMIN AR- ICPOES 0.350 1 17.5 70 46 33
117584 CUMBREX 2014 460046.103 8712205.237 4497 SURFACE GPS CHANNEL 1.6 0.1 Quartz vein CERTIMIN AR- ICPOES 0.006 4 37.6 117 364 75
117585 CUMBREX 2014 460045.103 8712203.237 4498 SURFACE GPS CHANNEL 3 0.1 Quartz vein CERTIMIN AR- ICPOES 0.056 54 34.5 1590 333 339
117586 CUMBREX 2014 460040.103 8712203.237 4497 SURFACE GPS CHANNEL 2.6 0.1 Quartz vein CERTIMIN AR- ICPOES 0.012 16 26 599 228 148
117587 CUMBREX 2014 460036.103 8712205.237 4496 SURFACE GPS CHANNEL 2.5 0.1 Quartz vein CERTIMIN AR- ICPOES 0.038 12 94.7 410 488 283
117588 CUMBREX 2014 460033.103 8712201.237 4497 SURFACE GPS CHANNEL 4.5 0.1 Quartz vein CERTIMIN AR- ICPOES 0.003 4 229 674 271 622
117589 CUMBREX 2014 459989.104 8712326.236 4458 SURFACE GPS CHANNEL 1.3 0.1 Pyroclastic rock CERTIMIN AR- ICPOES 0.003 1 262 136 269 299
117591 CUMBREX 2014 459986.104 8712325.236 4459 SURFACE GPS CHANNEL 2.2 0.1 Quartz vein CERTIMIN AR- ICPOES 0.010 11 145 1730 638 384
117592 CUMBREX 2014 459983.104 8712326.236 4459 SURFACE GPS CHANNEL 3 0.1 Quartz vein CERTIMIN AR- ICPOES 0.061 44 39.4 5000 344 468
117593 CUMBREX 2014 459982.104 8712325.236 4458 SURFACE GPS CHANNEL 3 0.1 Quartz vein CERTIMIN AR- ICPOES 0.009 14 47.1 817 197 161
117594 CUMBREX 2014 459980.104 8712324.236 4459 SURFACE GPS CHANNEL 2 0.1 Quartz vein CERTIMIN AR- ICPOES 0.003 6 58.4 113 78 29
117595 CUMBREX 2014 459977.104 8712321.236 4457 SURFACE GPS CHANNEL 2.5 0.1 Quartz vein CERTIMIN AR- ICPOES 0.016 28 86.8 1300 225 81
117596 CUMBREX 2014 459977.104 8712319.236 4458 SURFACE GPS CHANNEL 2 0.1 Pyroclastic rock CERTIMIN AR- ICPOES 0.003 2 448 194 248 117
117597 CUMBREX 2014 460398.098 8711638.245 4611 SURFACE GPS CHANNEL 2.2 0.1 Not observed CERTIMIN AR- ICPOES 0.003 1 346 7 17 13
117598 CUMBREX 2014 460302.100 8711674.245 4612 SURFACE GPS CHANNEL 2.5 0.1 Not observed CERTIMIN AR- ICPOES 0.003 1 1160 35 9 24
117599 CUMBREX 2014 460403.098 8711787.243 4642 SURFACE GPS CHANNEL 3.2 0.1 Quartz vein CERTIMIN AR- ICPOES 0.983 8 274 147 2610 2820
109681 CUMBREX 2014 460404.098 8711783.243 4643 SURFACE GPS CHANNEL 2 0.1 Quartz vein CERTIMIN AR- ICPOES 0.557 5 129 118 1110 156
109682 CUMBREX 2014 460404.098 8711780.243 4643 SURFACE GPS CHANNEL 3 0.1 Quartz vein CERTIMIN AR- ICPOES 0.034 8 136 153 1630 132
109683 CUMBREX 2014 460520.097 8711789.243 4646 SURFACE GPS CHANNEL 2.3 0.1 Quartz vein CERTIMIN AR- ICPOES 0.020 2 37 168 78 40
109684 CUMBREX 2014 460381.098 8711971.241 4627 SURFACE GPS CHANNEL 2.5 0.1 Quartz vein CERTIMIN AR- ICPOES 0.009 1 16.8 93 40 31
109685 CUMBREX 2014 460288.100 8712027.240 4564 SURFACE GPS CHANNEL 2.5 0.1 Quartz vein CERTIMIN AR- ICPOES 0.034 3 26.5 99 213 24
109686 CUMBREX 2014 460281.100 8712014.240 4568 SURFACE GPS CHANNEL 2.5 0.1 Quartz vein CERTIMIN AR- ICPOES 0.007 1 58.3 205 357 312
109687 CUMBREX 2014 460279.100 8712013.240 4567 SURFACE GPS CHANNEL 1.8 0.1 Quartz vein CERTIMIN AR- ICPOES 0.018 1 58.2 200 344 427
109688 CUMBREX 2014 460236.100 8712062.239 4540 SURFACE GPS CHANNEL 2.4 0.1 Quartz vein CERTIMIN AR- ICPOES 0.003 1 31.9 64 74 23
109689 CUMBREX 2014 459984.063 8712347.639 4449 SURFACE GPS CHANNEL 4 0.1 Not observed CERTIMIN AR- ICPOES 0.003 1 149 249 77 250
109691 CUMBREX 2014 459982.125 8712346.759 4446 SURFACE GPS CHANNEL 2.5 0.1 Breccia CERTIMIN AR- ICPOES 0.007 22 42.2 1240 403 171
109692 CUMBREX 2014 459979.371 8712347.229 4445 SURFACE GPS CHANNEL 1.8 0.1 Breccia CERTIMIN AR- ICPOES 0.003 3 32.2 726 129 87
109693 CUMBREX 2014 459977.037 8712346.479 4444 SURFACE GPS CHANNEL 2.5 0.1 Breccia CERTIMIN AR- ICPOES 0.003 13 120 1890 188 63
109694 CUMBREX 2014 459973.235 8712346.449 4445 SURFACE GPS CHANNEL 1.5 0.1 Pyroclastic rock CERTIMIN AR- ICPOES 0.003 8 179 1040 141 87
109695 CUMBREX 2014 459927.104 8712535.233 4359 SURFACE GPS CHANNEL 2 0.1 Quartz vein CERTIMIN AR- ICPOES 0.003 1 131 56 55 43
109696 CUMBREX 2014 459925.104 8712536.233 4349 SURFACE GPS CHANNEL 2.3 0.1 Quartz vein CERTIMIN AR- ICPOES 0.003 1 13.9 99 5 13
817 SMC 457540.000 8712607.000 4557 UNDERGROUND GPS / Tape Linear Chip 0.70 CERTIMIN AR- ICPOES 0.005 3 45 26 17 73 212
818 SMC 457540.000 8712607.000 4557 UNDERGROUND GPS / Tape Linear Chip 4.00 CERTIMIN AR- ICPOES 0.005 2 24 4 29 46 423
819 SMC 458530.000 8714478.000 4643 UNDERGROUND GPS / Tape Linear Chip 0.50 CERTIMIN AR- ICPOES 0.042 146 6 18 17200 80000 58,800

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SAMPLEID COMPANY YEAR E_WGS84 N_WGS84 ELEVATION REFERENCE Survey METHOD LENGTH
(m)		 WIDTH
(m)		 ROCK_TYPE LAB ASSAY_METHOD Au_ppm Ag_ppm As_ppm Ba_ppm Cu_ppm Pb_ppm Zn_ppm
820 SMC 460563.000 8711967.000 4622 UNDERGROUND GPS / Tape Linear Chip 3.00 CERTIMIN AR- ICPOES 0.020 2 18 9 259 193 103
821 SMC 461002.000 8711659.000 4650 UNDERGROUND GPS / Tape Linear Chip 0.50 CERTIMIN AR- ICPOES 0.005 0 3 11 29 98 51
822 SMC 460628.000 8711595.000 4641 UNDERGROUND GPS / Tape Linear Chip 2.00 CERTIMIN AR- ICPOES 0.080 8 79 12 264 419 83
823 SMC 460404.000 8711779.000 4636 UNDERGROUND GPS / Tape Linear Chip 2.00 CERTIMIN AR- ICPOES 8.231 133 35 5 1390 31200 14,800
7067 SMC 2013 459991.873 8712261.793 4433 UNDERGROUND GPS / Tape Linear Chip 2.40 CERTIMIN AR- ICPOES 0.003 0 13 30 55 41 81
7068 SMC 2013 459990.578 8712270.601 4433 UNDERGROUND GPS / Tape Linear Chip 1.50 CERTIMIN AR- ICPOES 0.008 16 215 15 4440 1272 231
7069 SMC 2013 459985.375 8712274.501 4433 UNDERGROUND GPS / Tape Linear Chip 2.50 CERTIMIN AR- ICPOES 0.003 0 6 21 58 62 65
7071 SMC 2013 459987.379 8712274.701 4433 UNDERGROUND GPS / Tape Linear Chip 2.20 CERTIMIN AR- ICPOES 0.003 4 14 14 651 2045 3,120
7072 SMC 2013 460008.572 8712272.701 4433 UNDERGROUND GPS / Tape Linear Chip 1.40 CERTIMIN AR- ICPOES 0.003 1 17 20 103 212 288
7073 SMC 2013 460006.675 8712272.701 4433 UNDERGROUND GPS / Tape Linear Chip 1.30 CERTIMIN AR- ICPOES 0.025 40 94 10 2870 371 283
7074 SMC 2013 460001.975 8712274.701 4433 UNDERGROUND GPS / Tape Linear Chip 2.15 CERTIMIN AR- ICPOES 0.010 40 19 7 2940 3266 2,140
7075 SMC 2013 459995.872 8712276.800 4433 UNDERGROUND GPS / Tape Linear Chip 1.10 CERTIMIN AR- ICPOES 0.003 17 16 9 1870 128 70
7076 SMC 2013 459993.176 8712277.900 4433 UNDERGROUND GPS / Tape Linear Chip 1.60 CERTIMIN AR- ICPOES 0.008 12 8 12 454 4979 1,370
7077 SMC 2013 459991.172 8712278.200 4433 UNDERGROUND GPS / Tape Linear Chip 1.00 CERTIMIN AR- ICPOES 0.025 30 21 8 3050 475 411
7078 SMC 2013 459991.972 8712284.699 4433 UNDERGROUND GPS / Tape Linear Chip 1.80 CERTIMIN AR- ICPOES 0.017 29 75 6 2210 473 152
7079 SMC 2013 459997.175 8712292.797 4433 UNDERGROUND GPS / Tape Linear Chip 0.80 CERTIMIN AR- ICPOES 0.014 14 22 5 1680 650 124
7081 SMC 2013 460005.776 8712292.797 4433 UNDERGROUND GPS / Tape Linear Chip 1.00 CERTIMIN AR- ICPOES 0.054 25 35 13 1420 355 84
7082 SMC 2013 460003.071 8712304.895 4433 UNDERGROUND GPS / Tape Linear Chip 1.00 CERTIMIN AR- ICPOES 0.154 18 18 17 5340 122 358
7083 SMC 2013 459996.878 8712305.895 4433 UNDERGROUND GPS / Tape Linear Chip 1.40 CERTIMIN AR- ICPOES 0.006 3 64 3 1500 105 143
7084 SMC 2013 459993.473 8712308.794 4433 UNDERGROUND GPS / Tape Linear Chip 1.40 CERTIMIN AR- ICPOES 0.005 7 27 4 2260 97 83
7085 SMC 2013 460006.873 8712317.593 4433 UNDERGROUND GPS / Tape Linear Chip 1.20 CERTIMIN AR- ICPOES 0.003 4 52 24 914 181 86
7086 SMC 2013 460001.777 8712316.993 4433 UNDERGROUND GPS / Tape Linear Chip 1.00 CERTIMIN AR- ICPOES 0.115 1089 109 4 36500 3918 1,170
7087 SMC 2013 459995.172 8712315.893 4433 UNDERGROUND GPS / Tape Linear Chip 1.00 CERTIMIN AR- ICPOES 0.017 0 2 5 55 1 0
7088 SMC 2013 459979.677 8712333.000 4433 UNDERGROUND GPS / Tape Linear Chip 1.80 CERTIMIN AR- ICPOES 0.029 44 21 9 4980 143 70
7089 SMC 2013 459980.145 8712349.324 4433 UNDERGROUND GPS / Tape Linear Chip 2.00 CERTIMIN AR- ICPOES 0.011 37 9 9 1920 605 1,280
7091 SMC 2013 459983.479 8712336.299 4433 UNDERGROUND GPS / Tape Linear Chip 1.80 CERTIMIN AR- ICPOES 0.031 14 68 5 3360 508 351
7092 SMC 2013 459975.000 8712346.000 4418 SURFACE GPS Linear Chip 0.50 15.00 CERTIMIN AR- ICPOES 0.006 13 2 2 3110 278 1,950
7093 SMC 2013 460031.000 8712207.000 4487 SURFACE GPS Linear Chip 1.00 16.00 CERTIMIN AR- ICPOES 0.018 12 19 3 481 70 99
7094 SMC 2013 460056.000 8712152.000 4500 SURFACE GPS Linear Chip 1.40 3.00 CERTIMIN AR- ICPOES 0.007 4 283 14 3330 58 90
7095 SMC 2013 460143.000 8712239.000 4505 SURFACE GPS Linear Chip 1.80 5.00 CERTIMIN AR- ICPOES 0.086 1 9 3 82 17 15
7096 SMC 2013 460187.000 8712164.000 4521 SURFACE GPS Linear Chip 2.50 CERTIMIN AR- ICPOES 0.005 2 23 2 127 323 68
7097 SMC 2013 460078.000 8712113.000 4515 SURFACE GPS Linear Chip 1.50 CERTIMIN AR- ICPOES 0.024 14 936 7 895 399 163
7098 SMC 2013 460398.000 8711782.000 4630 SURFACE GPS Linear Chip 1.00 CERTIMIN AR- ICPOES 0.930 19 242 11 272 3867 7,240
7099 SMC 2013 460428.000 8711775.000 4633 SURFACE GPS Linear Chip 1.20 3.00 CERTIMIN AR- ICPOES 0.015 10 182 7 1080 10700 1,620

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SAMPLEID COMPANY YEAR E_WGS84 N_WGS84 ELEVATION REFERENCE Survey METHOD LENGTH
(m)		 WIDTH
(m)		 ROCK_TYPE LAB ASSAY_METHOD Au_ppm Ag_ppm As_ppm Ba_ppm Cu_ppm Pb_ppm Zn_ppm
7101 SMC 2013 460278.000 8712028.000 4564 SURFACE GPS Linear Chip 2.00 2.00 CERTIMIN AR- ICPOES 0.007 2 190 6 101 135 19
7102 SMC 2013 460628.000 8711630.000 4626 SURFACE GPS Linear Chip 1.10 CERTIMIN AR- ICPOES 0.583 23 118 14 2440 38600 51,200
112987 CUMBREX 2014 459957.400 8712321.000 4432 SURFACE GPS CHANNEL 1.1 0.2 Int Volcanics CERTIMIN AR- ICPOES 0.007 3 35.8 27 767 113 169
112988 CUMBREX 2014 459954.430 8712320.500 4432 SURFACE GPS CHANNEL 1 0.2 Quartz vein CERTIMIN AR- ICPOES 0.135 959 75.3 3 40800 4498 1310
112989 CUMBREX 2014 460004.000 8712258.000 4478 SURFACE GPS CHIP 5 5 Quartz vein CERTIMIN AR- ICPOES 0.003 3 5.2 135 117 22.5 102
112991 CUMBREX 2014 458518.000 8711323.000 4455 SURFACE GPS CHIP 2 2 Not Observed CERTIMIN AR- ICPOES 0.015 28 46.3 10 199 96.9 27.5
25525 SOLITARIO 2018 459998.787 8712315.551 4433 UNDERGROUND GPS / Tape Linear Chip 1 1 VOLCANIC CERTIMIN MS- ICPOES- MS 0.133 997 71.7 24 50100 4744 3003
25526 SOLITARIO 2018 459992.787 8712317.551 4433 UNDERGROUND GPS / Tape Linear Chip 1 1 CERTIMIN MS- ICPOES- MS 0.066 278 29 36 47300 496 339
25527 SOLITARIO 2018 459995.787 8712315.551 4433 UNDERGROUND GPS / Tape Linear Chip 5 0.5 CERTIMIN MS- ICPOES- MS 0.005 10.8 8.4 165 1890 964 1579
25528 SOLITARIO 2018 459990.787 8712305.551 4433 UNDERGROUND GPS / Tape Linear Chip 1.3 0.15 VOLCANO- CERTIMIN MS- ICPOES- MS 0.027 66.6 8.5 21 17100 320 201
25529 SOLITARIO 2018 459976.000 8712349.000 4443 SURFACE GPS Linear Chip 1.2 0.2 BRECHA CERTIMIN MS- ICPOES- MS 0.017 45.9 8.4 44 2004 671 607
25530 SOLITARIO 2018 460057.000 8713232.000 4443 SURFACE GPS Linear Chip 2 2 DACITA CERTIMIN MS- ICPOES- MS 0.008 54.4 0.05 27 13200 3278 4598
25531 SOLITARIO 2018 460056.000 8713232.000 4441 SURFACE GPS Linear Chip VNQZ CERTIMIN MS- ICPOES- MS 0.155 251 58 130 48100 127700 75800
25532 SOLITARIO 2018 460047.000 8713243.000 4450 SURFACE GPS Linear Chip DACITA CERTIMIN MS- ICPOES- MS 0.0025 6.2 0.05 31 2384 2486 2644
75411 SOLITARIO 2012 459927.000 8712283.000 4461 SURFACE GPS Linear Chip 50 ALS MS- ICPOES- MS <0.005 0.06 10.4 30 6.6 18 17
75412 SOLITARIO 2012 460088.000 8712045.000 4537 SURFACE GPS Linear Chip MILKY QTZ ALS MS- ICPOES- MS <0.005 0.13 11.7 20 7.3 18.9 26
75413 SOLITARIO 2012 460031.000 8711979.000 4556 SURFACE GPS Linear Chip 5 VDF ALS MS- ICPOES- MS <0.005 0.04 3.8 10 4.4 4.9 18
75414 SOLITARIO 2012 460041.000 8712068.000 4535 SURFACE GPS Linear Chip 7 VOLC BX ALS MS- ICPOES- MS <0.005 0.05 7.7 60 6.3 8.3 10
75415 SOLITARIO 2012 459954.000 8712081.000 4521 SURFACE GPS Linear Chip 3 V ALS MS- ICPOES- MS <0.005 0.55 23.4 40 45.6 45.3 50
75416 SOLITARIO 2012 460093.000 8713189.000 4440 SURFACE GPS Linear Chip 0.3 VOLC SANDSTONE? ALS MS- ICPOES- MS <0.005 0.06 3.8 20 5.6 17.4 61
95649 SOLITARIO 2012 459970.000 8712353.000 4424 SURFACE GPS Linear Chip 2 VNQZ ALS MS- ICPOES- MS 0.01 36.9 17.1 10 2010 386 478
95650 SOLITARIO 2012 459973.000 8712357.000 4425 SURFACE GPS Linear Chip RHYODACITE? ALS MS- ICPOES- MS <0.005 0.3 10.4 30 58.2 19.6 31
26030 SOLITARIO 2012 459993.840 8712317.270 4450 SURFACE GPS Linear Chip 3 VNQZ ALS MS- ICPOES- MS 0.03 17.25 43.4 10 3800 121 93
26031 SOLITARIO 2012 459986.220 8712293.270 4450 SURFACE GPS Linear Chip 1.5 VNQZ ALS MS- ICPOES- MS 0.005 1.91 59.1 10 164.5 105.5 34
26032 SOLITARIO 2012 459987.720 8712271.000 4450 SURFACE GPS Linear Chip 1.5 VNQZ ALS MS- ICPOES- MS 0.013 31.9 13.1 10 2720 421 224
26033 SOLITARIO 2012 460398.000 8711783.000 4614 SURFACE GPS Linear Chip 3.8 3.8 VNQZ ALS MS- ICPOES- MS 0.319 8.91 157 10 265 2870 2820
26034 SOLITARIO 2012 460514.000 8711786.000 4642 SURFACE GPS Linear Chip 4 4 VNQZ ALS MS- ICPOES- MS 0.013 1.25 16.7 10 107.5 65.4 27
26035 SOLITARIO 2012 460361.000 8711986.000 4606 SURFACE GPS Linear Chip VNQZ ALS MS- ICPOES- MS 0.012 1.78 182.5 10 193 141 33
26036 SOLITARIO 2012 460066.000 8712138.000 4515 SURFACE GPS Linear Chip VNQZ ALS MS- ICPOES- MS 0.01 5.04 297 10 814 844 83
26037 SOLITARIO 2012 460100.000 8713197.000 4443 SURFACE GPS Linear Chip VNQZ ALS MS- ICPOES- MS 0.01 1.69 65.6 20 1290 1475 1420
26038 SOLITARIO 2012 460094.000 8713214.000 4453 SURFACE GPS Linear Chip VNQZ ALS MS- ICPOES- MS 0.015 15.8 21.1 30 8450 702 280
RDEN- 1 MASGLAS 2019 459997 8712314 4433 UNDERGROUND GPS / Tape Linear Chip 1 CERTIMIN AR- ICPOES 0.136 1269 134 4 71700 6997 2364
RDEN- 2 MASGLAS 2019 459997 8712274 4433 UNDERGROUND GPS / Tape Linear Chip 2 CERTIMIN AR- ICPOES 0.112 302 14 9 13400 1520 1962
RDEN- 3 MASGLAS 2019 459999 8712302 4433 UNDERGROUND GPS / Tape Linear Chip 2 CERTIMIN AR- ICPOES 0.11 23.2 60 11 7291 152 358

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SAMPLEID COMPANY YEAR E_WGS84 N_WGS84 ELEVATION REFERENCE Survey METHOD LENGTH
(m)		 WIDTH
(m)		 ROCK_TYPE LAB ASSAY_METHOD Au_ppm Ag_ppm As_ppm Ba_ppm Cu_ppm Pb_ppm Zn_ppm
RDEN- 4 MASGLAS 2019 459991 8712313 4433 UNDERGROUND GPS / Tape Linear Chip 2 CERTIMIN AR- ICPOES 0.034 155 20 12 20900 526 219
RDEN- 5 MASGLAS 2019 460222 8711928 4536 SURFACE GPS Linear Chip 1.5 CERTIMIN AR- ICPOES 0.04 38.7 42 8 10200 71 140
RDEN- 6 MASGLAS 2019 460397 8711783 4626 SURFACE GPS Linear Chip 1.5 CERTIMIN AR- ICPOES 0.502 25.6 207 11 489 8508 764
RDEN- 7 MASGLAS 2019 460097 8713214 4436 SURFACE GPS Linear Chip 2.5 CERTIMIN AR- ICPOES 0.025 21.7 21 46 10900 384 154
RDEN- 8 MASGLAS 2019 460057 8713235 4443 SURFACE GPS Linear Chip 0.1 CERTIMIN AR- ICPOES 0.049 142 45 56 27100 216400 129900
RDEN- 9 MASGLAS 2019 460055 8713235 4442 SURFACE GPS Linear Chip 1.2 CERTIMIN AR- ICPOES 0.006 79.9 12 39 18100 4203 3271

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JORC Code, 2012 Edition – Table 1 report for Don Enrique

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria 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.		 Sampling methods employed by various companies as follows:
Underground
SMC: “CHANNEL” - cut channel samples over 0.5m width, perpendicular
to orientation of structure, with continuous sampling over 2m intervals.
“Chip” & “Linear Chip” – 0.5m to 4m continuous sample perpendicular to
orientation of structure. Samples collected by hammer and chisel.
Copperfield: only noted as ”chip”.
Maglas: “Linear Chip” - 1m to 2m continuous sample perpendicular to
orientation of structure.
Solitario: “Linear Chip” - 1m to 5m continuous sample perpendicular to
orientation of structure.
Surface
SMC: “Chip” & “Linear Chip” – 0.5m to 5m continuous sample
perpendicular to orientation of structure.
Maglas: “Linear Chip” - 0.1m to 2.5m continuous sample perpendicular
to orientation of structure.
Solitario: “Linear Chip” – 1.2m to 4m sample perpendicular to orientation
of structure.
No tools used that require calibration.
No sampling problems noted.
Drilling
techniques		 • Drill type (e.g. core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,		 No drilling methods were used to collect the samples.

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Criteria Explanation Commentary
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). _
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.		 No drilling methods were used to collect the samples.
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.		 No drilling methods were used to collect the samples.
Geology of rock chip samples was recorded. Geological records have
primarily been quantitative.
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.		 No drilling methods were used to collect the samples.
“Channel” samples were collected as continuous samples over a
consistent width. “Chip” and “linear chip” samples were collected at
various lengths perpendicularly across the zone of interest. Samples
were collected in numbered bags as per industry standard.

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Criteria 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 being sampled.		 SMC note that duplicate samples were collected. Other companies have
not employed duplicates.
Samples were at least 3kg in weight.
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.		 SMC, Maglas and Copperfield rock chip sample analysis was
undertaken by CERTIMIN in Lima, Peru. Samples were sorted ,
dried, crushed, split to 2kg and pulverised to 80% passing -75um. Au,
Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg, K, La, Mg,
Mn, Mo, Na, Nb, Ni, P, Pb, S, Sb, Sc, Sn, Sr, Ti, Tl, V, W, Y, Zn, Zr
were analysed by method AR-ICPOES (Argon Inductively Coupled
Plasma Atomic Emission Spectrometry.
Solitaro samples were analysed by ALS, in Lima, Peru by method MS-
ICPOES for Au, Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga,
Hg, K, La, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, S, Sb, Sc, Sn, Sr, Ti, Tl, V,
W, Y, Zn, Zr.
No geophysical or hand held XRF instruments were used.
Laboratory QAQC was undertaken.
SMC utilised blanks and standard samples. The company reported
acceptable levels of accuracy for the sample medium and purpose of
samplingundertaken.
Verification of
sampling and
assaying		 • The verification of significant intersections by
either independent or alternative company
personnel.
• The use of twinned holes.		 No drilling methods were used to collect the samples.

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Criteria Explanation Commentary
• Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
• Discuss any adjustment to assay data.		 Data was collected and documented by qualified geologists in the field.
Data was stored in electronic media and results provided by the
laboratory in electronic format. No adjustment was made to results.
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.		 Underground sample locations were determined by tape measure from a
point defined by GPS.
Surface rock chip locations were surveyed using handheld GPS.
The grid used was WGA84 Zone 18S.
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.		 Underground sample sites were dictated by orientation of workings and
widths of visible mineralisation.
Distance between rock chip sample sites vary, data spacing dictated by
availability of outcrop.
Data spacing is not sufficient to determine geological and grade
continuity. Sampling was of a reconnaissance nature and not intended
for determination of resources. No compositing of samples or results
was applied.
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.		 No drilling methods were used to collect the samples.
Sample security _• The measures taken to ensure sample security. _ No detailprovided for sample security.
Audits or
reviews		 • The results of any audits or reviews of sampling
techniques and data.		 No audits or reviews were deemed necessary as this was for exploration
assessmentpurposes.

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311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600

Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.)

Criteria Explanation Commentary
Mineral
tenement and
land tenure
status		 • Type, reference name/number, location
and ownership including agreements or
material issues with third parties such as
joint ventures, partnerships, overriding
royalties, native title interests, historical
sites, wilderness or national park and
environmental settings.
• The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a licence to
operate in the area.		 The Don Enrique Project is located in Peru, on 4 licences covering
1,800Ha, Licence numbers 0100769-12, 0105549-07, 0101581-08,
010155815. Licences are held by Minera Montserrat S.A.C of Peru.
EV Resources Limited is in the process of acquiring the tenements.
There are no identified issues with the security of the tenure.
Exploration
done by other
parties		 • Acknowledgment and appraisal of
exploration by other parties.		 Results of samples as they appear in this release and descriptions of
geology can be attributed to Stellar Mining Co., Copperfield Peru
SAC, Masglas Americas Corporation and Solitario Exploration &
Royalty Corp. EV Resources geologists Hugh Callaghan and
Gonzalo Lemuz also visited the Project and provided reports.
Geology • Deposit type, geological setting and style
of mineralisation.		 Mineralisation containing potentially economic concentrations of
copper, silver and gold is hosted with two sub-parallel hydrothermal

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

Criteria Explanation Commentary
breccia zones. The source of the mineralisation fluids and hence the
breccia is at this stage unknown.
Country rocks of the district consist of a sequence of clastic
sediments and volcanics. The sediments are mainly sandstones and
argillaceous shales; the volcanics are pyroclastics and andesitic flow-
porphyries. Both the sediments as to the volcanics are folded,
faulted and intruded by a complex-igneous intrusive, varying in
composition from microdiorite to dacite. The sedimentary-volcanic
sequence is known in central Perú as the “Permian Mitu Group”,
and the volcanic unit as ”Catalina Volcanics”. The area is crossed
diagonally by a large regional fault zone, striking NW-SE, and can be
followed for at least 40 km.
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		 No drilling was undertaken.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

Criteria Explanation Commentary
• 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.
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.		 No drilling was undertaken.
No averaging or aggregating of rock chip results was undertaken.
Individual results have been reported or entire sections of
continuous channel sampling as an average grade over the extent
of the channel.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

Criteria Explanation Commentary
• The assumptions used for any reporting
of metal equivalent values should be
clearly stated.
Relationship
between
mineralisation
widths and
intercept
lengths		 • These relationships are particularly
important in the reporting of Exploration
Results.
• If the geometry of the mineralisation
with respect to the drill hole angle is
known, its nature should be reported.
• If it is not known and only the down hole
lengths are reported, there should be a
clear statement to this effect (e.g. ‘down
hole length, true width not known’).		 No drilling was undertaken.
Width of rock chip samples have been reported where relevant.
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.		 No drilling was undertaken.
A sample location plan is included as Figure 4 and Figure 5.
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		 All results have been reported that can be verified and validated.
Additional samples that were lacking documentation were not
reported in this release.

evresources.com.au

311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

Criteria Explanation Commentary
practiced to avoid misleading reporting
of Exploration Results.
Other
substantive
exploration
data		 • Other exploration data, if meaningful
and material, should be reported
including (but not limited to): geological
observations; geophysical survey results;
geochemical survey results; bulk samples
– size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.		 All meaningful & material exploration data has been reported.
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.		 Upon completion of acquisition, EV Resources intends to undertake
detailed surface and underground sampling, mapping and
geophysical surveys to better define the mineralised zones at depth.
Once targets have been identified, diamond core drilling will be
completed to test the extent and continuity of mineralisation.

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311-313 Hay St Subiaco, Western Australia 6008 +61 (0) 8 6489 0600 [email protected]

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