FALCON METALS LTD — Capital/Financing Update 2022

Oct 12, 2022

13 October 2022

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ASX / Media Announcement
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Mineralised Zones Intersected at the Viking Gold Project

• Falcon’s maiden 10-hole reverse circulation (RC) drilling program completed at the Viking Gold Project in Norseman, Western Australia

• Primary mineralised zones intersected down-dip and down-plunge from existing gold zones at the Beaker 1 & 2 Prospects

• Visible gold grains logged in panning of RC chips in 5 of the 10 holes completed

• Assay results expected in 4-6 weeks

Falcon Metals Limited ( ASX: FAL ) (“ Falcon ” or “ the Company ”) advises that it has completed its first reverse circulation ( RC ) drilling program comprising 10 holes for 1,691m at the Company’s Viking Gold Project in the Albany-Fraser province of Western Australia.

Falcon is earning a 70% interest in the Viking Project from ASX-listed Metal Hawk Limited ( ASX: MHK ) (“ Metal Hawk ”). The Project is located 30km southeast of Norseman in the Northern Foreland of the Albany Fraser Province, where historical drilling programs intersected numerous high-grade shallow intercepts in the oxide zone, with limited follow-up drilling. Significant historical results[1] that were yet to be effectively followed up included:

• 5m @ 44.5g/t Au from 50m

• 4m @ 15.4g/t Au from 40m

• 3m @ 8.2g/t Au from 40m

• 3m @ 15.3g/t Au from 28m

The recently completed drilling by Falcon targeted the down-dip and potential down-plunge extensions to these mineralised structures, in fresh bedrock. Geological logging of this drilling has identified several shear zones with sulphides and quartz veining up to 6m wide. RC samples from these prospective zones were panned, with visible gold being observed in 10 of the 25 zones identified, from 5 of the RC holes drilled. Although not always indicative of high-grade, the presence of visible gold is seen as highly encouraging and confirms a primary source to the historical results. Assay results are expected in 4-6 weeks.

Falcon Metals’ Managing Director Tim Markwell said:

“Falcon is delighted by the initial observations from our first drill program at Viking. Although our expectations were high given the gold grades from the historical drilling, the fact mineralised zones were encountered in fresh bedrock down-dip and down-plunge from previous oxide intercepts is a significant positive. We are encouraged by the presence of visible gold from panning, but a degree of caution is required until we receive the assays, as it does not always translate to high-grade results. Once we receive the results, planning will commence for the next phase of work at Viking.”

1 Refer Falcon Prospectus dated 3 November 2021

Falcon Metals Limited ASX: FAL Level 6, 350 Collins St, Melbourne VIC 3000 PO Box 106, Flinders Lane VIC 8009

T : +61 3 8648 6684 E : info@falconmetals.com.au www.falconmetals.com.au ABN 87 651 893 097

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Figure 1 Gold panned from VKB2RC001 43-47m

Drilling Completed at Viking

Falcon has completed 10 RC drill holes for 1,691m at the Viking Gold Project in Norseman (see Figure 2), at the Beaker 1 and 2 Prospects, with 5 RC holes drilled at each prospect (See Figure 3 and Appendix 1). Drilling was targeting the down-dip and potential down-plunge extensions to historical drill intercepts.

Relogging of selected diamond drill holes from previous drilling at Beaker 1 and Beaker 2 confirmed that mineralisation was associated with shallow south-easterly dipping shear zones within relatively undeformed granodiorites and diorites. These shear zones generally consist of muscovite-chloritebiotite schists with varying amounts of quartz veining and sulphides.

During the geological logging of the current RC program, these shear zones were readily identified, and panning was undertaken to assess the presence of visible gold. Initially panning was done on 3m composites and where appropriate on an individual metre basis. The shear zones identified in this program are summarised in Appendix 2 which includes a geological description, the thickness of the zone, and a comment on the amount of visible gold present, if any. Visible gold was detected in the panned concentrates in 5 of the 10 holes drilled, and in 10 of the 25 shear zones that were identified.

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Figure 2 Location of the Viking Project

The drilling was focussed on testing for a primary source for the shallow high-grade zones that had previously been intersected at these prospects. The logging and subsequent panning has confirmed gold mineralisation in fresh rock at both the Beaker 1 and Beaker 2 Prospects and suggests that within the overall east-dipping shear zones, a south-southeast plunge component may be an important control for the higher-grade shoots. Once all assays are returned, a thorough review will be completed to determine the next steps for this project.

Falcon would like to acknowledge the Ngadju people, the traditional custodians of the land where the Viking Project is located. We would also like to thank Whistlepipe Exploration, Strike Drilling and Norseman Concrete for their assistance with completing the program.

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Figure 3 Drilling results to date on the Beaker Prospects[2] with the location of the recently completed RC drill holes

Viking Background

Viking is located 30km southeast of Norseman in WA, within the Dundas Nature Reserve and is held via a joint-venture arrangement with Metal Hawk. The key terms of the joint venture are as follows:

• Initial A$1,000,000 expenditure for Falcon to earn a 51% interest within two years from the grant of the permit

• On achieving 51% Falcon has the right, but not obligation, to earn a further 19% (70% in total) by funding an additional A$1,750,000 over 30 months

2 Refer Falcon Prospectus dated 3 November 2021

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Upon completion of the earn in period, a joint venture will be formed to fund exploration on an ongoing basis.

The Albany-Fraser Province is a high-metamorphic grade terrain dominated by gneisses and reworked granitoids. It is known to host several world-class deposits including the Nova-Bollinger Nickel Mine operated by ASX-listed IGO and the Tropicana Gold Mine operated by AngloGold Ashanti (“ Anglo ”).

Following the discovery of Tropicana in 2005, Anglo stepped up its regional exploration and discovered Viking in 2011 using surface auger sampling. This work defined the four prospects, referred to as Beaker 1-4. Anglo drilled 513 aircore holes, 14 RC holes and 20 diamond holes prior to divesting the project to Genesis Minerals which continued exploration, drilling a further 87 aircore holes and 29 RC holes until 2019 when the tenement was dropped.

Metal Hawk pegged E63/1963 in 2019 and it was granted in March 2021. This project was joint ventured to Chalice Mining in 2020 and was part of the project portfolio demerged into Falcon in December 2021.

Although the project is located in the Dundas Nature Reserve, Falcon has the required approvals to undertake exploration activities within its permit area.

This announcement has been approved for release by the Board of Falcon Metals.

For more information, please contact:

For more information, please contact:
Tim Markwell	Media and Investor Queries
Managing Director	Victoria Humphries / Ben Creagh
tmarkwell@falconmetals.com.au	victoria@nwrcommunications.com.au
	benc@nwrcommunications.com.au

COMPETENT PERSON STATEMENT:

The information contained within this announcement relates to exploration results based on and fairly represents information compiled and reviewed by Mr Doug Winzar who is a Member of the Australian Institute of Geoscientists. Mr Winzar is a fulltime employee of Falcon Metals Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr Winzar consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.

FORWARD LOOKING STATEMENT:

This announcement may contain certain forward-looking statements, guidance, forecasts, estimates, prospects, projections or statements in relation to future matters that may involve risks or uncertainties and may involve significant items of subjective judgement and assumptions of future events that may or may not eventuate (Forward Statements). Forward Statements can generally be identified by the use of forward looking words such as "anticipate", "estimates", "will", "should", "could", "may", "expects", "plans", "forecast", "target" or similar expressions and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production and expected costs. Indications of, and guidance on future earnings, cash flows, costs, financial position and performance are also forward looking statements. Forward looking statements, opinions and estimates included in this announcement are based on assumptions and contingencies which are subject to change, without notice, as are statements about market and industry trends, which are based on interpretation of current market conditions. Forward looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance.

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APPENDIX 1: RC drill holes details

Prospect	Hole ID	Easting (m)	Northing (m)	RL (m)	Zone	Grid	Azimuth UTM(⁰)	Dip (⁰)	Depth (m)
Beaker 1	VKB1RC001	411963	6417011	284	51	MGA94	303.3	-60.2	202
Beaker 1	VKB1RC002	411931	6416601	314	51	MGA94	272.1	-60.5	148
Beaker 1	VKB1RC003	411698	6416011	298	51	MGA94	320.9	-59.15	301
Beaker 1	VKB1RC004	411701	6416010	302	51	MGA94	0.6	-90	166
Beaker 1	VKB1RC005	411888	6416396	292	51	MGA94	272.1	-59.5	136
Beaker 2	VKB2RC001	413044	6420126	292	51	MGA94	302.3	-59.8	118
Beaker 2	VKB2RC002	413127	6420087	274	51	MGA94	300.6	-60.2	150
Beaker 2	VKB2RC003	413210	6420026	279	51	MGA94	300.1	-60.3	123
Beaker 2	VKB2RC004	413085	6419996	287	51	MGA94	302.0	-60.0	157
Beaker 2	VKB2RC005	413038	6419958	281	51	MGA94	303.3	-60.2	190

APPENDIX 2: Summary logs –mineralised zones

Hole ID	From	To	Length	Lithology	Gold observed in panned concentrate*
	(m)	(m)	(m)
VKB1RC001	90	93	3	Quartz vein with chlorite-muscovite-biotite schists with trace of pyrite	-
VKB1RC001	127	129	2	Biotite-hornblende schist with trace of pyrite	-
VKB1RC001	136	137	1	Biotite-quartz-garnet schist	-
VKB1RC001	155	157	2	Muscovite-chlorite schist with trace of pyrite	-
VKB1RC002	83	89	6	Muscovite-chlorite schists with quartz veining & trace of pyrite	5-10 grains
VKB1RC002	140	142	2	Biotite-hornblende schists with granodiorite & trace of pyrite	-
VKB1RC003	112	115	3	Quartz veining in granodiorite, no alteration, possibly late	-
VKB1RC003	124	128	4	Muscovite-chlorite-biotite schists with pyrite stringers & quartz veins	20-30 grains
VKB1RC003	217	220	3	Laminated quartz vein with biotite schists	< 5 grains
VKB1RC004	142	147	5	Muscovite-biotite schist	-
VKB1RC005	91	94	3	Muscovite-chlorite schists with minor quartz veining & trace of pyrite	-
VKB1RC005	115	119	4	Muscovite-chlorite schist with stringers of pyrite & chalcopyrite	< 5 grains
VKB2RC001	43	47	4	Lower saprolite with rare muscovite-chlorite schists	10-20 grains
VKB2RC001	70	71	1	Weathered saprock, secondary iron oxides	< 5 grains
VKB2RC001	103	104	1	Biotite schist with trace of pyrite	< 5 grains
VKB2RC001	111	112	1	Mylonite with quartz veining & trace of pyrite	< 5 grains
VKB2RC002	81	87	6	Chlorite-biotite-muscovite schist with trace of pyrite	-
VKB2RC002	136	137	1	Biotite-amphibole schist with trace of pyrite	-
VKB2RC003	65	69	4	Muscovite-biotite schist with minor quartz veining	-
VKB2RC003	111	112	1	Biotite-chlorite-muscovite schist with trace of pyrite	-
VKB2RC004	86	92	6	Chlorite-biotite schist with abundant quartz veining & trace of pyrite	-
VKB2RC004	141	142	1	Quartz vein with chlorite-biotite schist & trace of pyrite	10-20 grains
VKB2RC004	147	149	2	Quartz vein with chlorite-biotite schist & trace of pyrite	-
VKB2RC004	155	156	1	Quartz vein in granodiorite	< 5 grains
VKB2RC005	97	100	3	Chlorite-biotite-muscovite schist	-
VKB2RC005	136	140	4	Chlorite-biotite-muscovite schist	-
*Note: Panning of concentrates is conducted to assess if the mineralized structures have been intersected and are not a reliable estimate of grade

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Appendix 3: JORC Table 1 – Viking Gold Project

A-1 Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation Commentary	JORC Code explanation Commentary	JORC Code explanation Commentary
Sampling	•	Nature and quality of sampling (eg. cut channels, •	The RC samples were collected in 1m calico bags that
techniques		random chips, or specific specialised industry	were split on an orbital splitter attached to the rig.
		standard measurement tools appropriate to the	The remaining sample was collected in a compostable
		minerals under investigation, such as down hole	green sample bag.
		gamma sondes, or handheld XRF instruments, •	4m composite samples were collected using a spear
		etc). These examples should not be taken as	from the green bags.
		limiting the broad meaning of sampling. •	The 4m composite samples from the entire hole will
	•	Include reference to measures taken to ensure	be submitted for analysis and the 1m samples will be
		sample representivity and the appropriate	submitted from geological zones of interest. At the
		calibration of any measurement tools or systems	Viking Project this means any shear zones and/or
		used.	quartz veins.
	•	Aspects of the determination of mineralisation •	Geological zones of interest that were identified by
		that are Material to the Public Report.	the geologist were panned to see if any visible gold
	•	In cases where ‘industry standard’ work has been	could be observed. Approximately 3kg of material
		done this would be relatively simple (eg. ‘reverse	from the green bags was collected and panned for 3
		circulation drilling was used to obtain 1 m	metre composites of the zones. If any gold grains
		samples from which 3 kg was pulverised to	were observed in the composite sample then
		produce a 30 g charge for fire assay’). In other	approximately 3kg of material was panned from each
		cases more explanation may be required, such as	metre.This information was to assess for the
		where there is coarse gold that has inherent	presence of gold and is not intended to be used for
		sampling problems. Unusual commodities or	grade estimation.
		mineralisation types (eg. submarine nodules)
		may warrant disclosure of detailed information.
Drilling	•	Drill type (eg. core, reverse circulation, open-hole •	The RC drilling was completed by Strike Drilling.
techniques		hammer, rotary air blast, auger, Bangka, sonic,	Tungsten-carbide button hammer face sampling bits
		etc) and details (eg. core diameter, triple or	were initially used. Due to slow penetration caused by
		standard tube, depth of diamond tails, face-	the hard nature of the host rock a change to a
		sampling bit or other type, whether core is	polycrystalline diamond hammer bit was made. The
		oriented and if so,bywhat method,etc).	face samplingbits had a diameter of 127mm.
Drill sample	•	Method of recording and assessing core and chip •	The sample recovery was estimated by the size and
recovery		sample recoveries and results assessed.	weight of the material in each sample bag.
	•	Measures taken to maximise sample recovery •	Sample quality was recorded during logging (wet/dry)
		and ensure representative nature of the samples.	and qualitative recovery codes (Good, Low, Oversize)
	•	Whether a relationship exists between sample	with contamination recorded if evidence of this was
		recovery and grade and whether sample bias	identified.
		may have occurred due to preferential loss/gain
		of fine/coarse material.
Logging	•	Whether core and chip samples have been •	The RC chips were geologically logged in 1m intervals.
		geologically and geotechnically logged to a level	This included weathering, regolith, lithology, texture,
		of detail to support appropriate Mineral	alteration and mineralisation.
		Resource estimation, mining studies and •	Logging is considered quantitative in nature.
		metallurgical studies. •	The RC chips were logged and sampled at the rig with
	•	Whether logging is qualitative or quantitative in	the entire hole being logged.
		nature. Core (or costean, channel, etc)
		photography.
	•	The total length and percentage of the relevant
		intersections logged.
Sub-sampling	•	If core, whether cut or sawn and whether •	The 1m RC samples were split using an orbital splitter
techniques and		quarter, half or all core taken.	attached to the drill rig.
sample	•	If non-core, whether riffled, tube sampled, rotary •	The 4m composite samples were collected using a
preparation		split,etc and whether sampled wet or dry.	spear.

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Criteria	JORC Code explanation Commentary	JORC Code explanation Commentary	JORC Code explanation Commentary
	•	For all sample types, the nature, quality and •	Duplicate samples were taken in mineralised zones
		appropriateness of the sample preparation	every 50thsample.
		technique. •	Sample sizes are considered appropriate for the style
	•	Quality control procedures adopted for all sub-	of mineralisation sought and the initial
		sampling stages to maximise representivity of	reconnaissance nature of the drilling programme.
		samples. •	For the RC drilling 4m composite samples were
	•	Measures taken to ensure that the sampling is	routinely collected.
		representative of the in-situ material collected,
		including for instance results for field
		duplicate/second-half sampling.
	•	Whether sample sizes are appropriate to the
		grain size of the material beingsampled.
Quality of assay	•	The nature, quality and appropriateness of the •	The Samples have been sent to the ALS laboratory in
data and		assaying and laboratory procedures used and	Perth.
laboratory tests		whether the technique is considered partial or •	Additional information relating to this will be defined
		total.	when results from the drilling program are released.
	•	For geophysical tools, spectrometers, handheld •	Falcon has its own internal QAQC procedure involving
		XRF instruments, etc, the parameters used in	the use of certified reference materials. For
		determining the analysis including instrument	exploration RC drilling, one blank per sample
		make and model, reading times, calibrations	consignment and two standards per 100 samples are
		factors applied and their derivation, etc.	submitted.
	•	Nature of quality control procedures adopted
		(eg. standards, blanks, duplicates, external
		laboratory checks) and whether acceptable levels
		of accuracy (ie. lack of bias) and precision have
		been established.
Verification of	•	The verification of significant intersections by •	Significant intersections are checked by the Project
sampling and		either independent or alternative company	Geologist and the Exploration Manager. Significant
assaying		personnel.	intersections are cross-checked with the geology
	•	The use of twinned holes.	logged after final assays are received.
	•	Documentation of primary data, data entry •	No twin holes have been drilled for comparative
		procedures, data verification, data storage	purposes. The targets are still considered to be in an
		(physical and electronic) protocols.	early exploration stage.
	•	Discuss any adjustment to assay data. •	Primary data was digitally collected and entered via a
			field Toughbook computer using in house logging
			codes. The data is sent to the database manager
			where the data is validated and loaded into the
			master database.
		•	No assaydata has been received.
Location of data	•	Accuracy and quality of surveys used to locate •	Hole collar locations have been picked up by Falcon
points		drill holes (collar and down-hole surveys),	employees using a handheld GPS with a +/- 3m error.
		trenches, mine workings and other locations •	The grid system used for the location of all drill holes
		used in Mineral Resource estimation.	is MGA_GDA94 (Zone 51).
	•	Specification of the grid system used. •	RL data is considered unreliable although topography
	•	Quality and adequacy of topographic control.	around the drill area is flat and hence should not have
			anysignificant effect on the interpretation of data.
Data spacing and	•	Data spacing for reporting of Exploration Results. •	Spacing of the RC drilling was variable and designed to
distribution	•	Whether the data spacing and distribution is	test conceptual plunge directions from shallower
		sufficient to establish the degree of geological	mineralised zones in previous drilling.
		and grade continuity appropriate for the Mineral •	The current spacing is considered sufficient to assume
		Resource and Ore Reserve estimation	any geological or grade continuity of the results
		procedure(s) and classifications applied.	intersected.
	•	Whether sample compositing has been applied. •	No sample compositing has been applied.
Orientation of	•	Whether the orientation of sampling achieves •	Sampling of the entire hole with 4m composites is
data in relation		unbiased samplingofpossible structures and the	done to ensure that no zones of mineralisation are

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
to geological		extent to which this is known, considering the		missed.
structure		deposit type.	•	Mineralisation appears to be shallow-moderately east
	•	If the relationship between the drilling		dipping associated with both quartz veining and shear
		orientation and the orientation of key		zones. Drilling orientations for the most part are
		mineralised structures is considered to have		considered appropriate for the geometry of
		introduced a sampling bias, this should be		mineralisation intersected to date, hence most
		assessed and reported if material.		intersections presented are likely to be near true
				width.
Sample security	•	The measures taken to ensure sample security.	•	Chain of custody is managed by Falcon. Samples are
				stored on site before being transported in Bulka Bags
				directlyto the ALS lab in Perth byFalconpersonnel.
Audits or reviews	•	The results of any audits or reviews of sampling	•	No review has been carried out to date.
		techniques and data.

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A-2 Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation Commentary	JORC Code explanation Commentary	JORC Code explanation Commentary
Mineral tenement	•	Type, reference name/number, location and •	Drilling has been carried out within E63/1963 that is
and land tenure		ownership including agreements or material	wholly owned by Metal Hawk Limited . The
status		issues with third parties such as joint ventures,	tenement areas are located within the Dundas
		partnerships, overriding royalties, native title	Nature Reserve. E(A)63/1994 is wholly owned by
		interests, historical sites, wilderness or	Falcon Metals Limited (to be transferred from CGM
		national park and environmental settings.	(WA) Pty Ltd. Falcon is subject to a farm-in
	•	The security of the tenure held at the time of	agreement with Metal Hawk Limited on E63/1963,
		reporting along with any known impediments	whereby Falcon has a commitment to spend a
		to obtaining a licence to operate in the area.	minimum $200,000 within two years as part of a
			$1,000,000 earn-in for an initial 51% interest in the
			Project. On achieving a 51% interest, Falcon has the
			right but not the obligation to earn a further 19%
			(70% total) by funding an additional $1,750,000 of
			expenditure over 30 months. Upon completion of
			the earn-in period, a joint venture will be formed to
			fund ongoing exploration on the project on a pro-
			rata basis.
Exploration done by	•	Acknowledgment and appraisal of exploration •	The area was initially explored by AngloGold Ashanti
other parties		by other parties.	and subsequent work was completed by Genesis
			Minerals Limited.
		•	Specific Table 1 information relating to this work can
			be found in the Falcon Metals Prospectus dated 3
			November 2021
Geology	•	Deposit type, geological setting and style of •	The mineralisation being explored for is orogenic
		mineralisation.	style similar to that seen in the eastern goldfields
			and/or elsewhere in the AlbanyFraser Orogen.
Drill hole	•	A summary of all information material to the •	Refer Appendices
Information		understanding of the exploration results
		including a tabulation of the following
		information for all Material drill holes:
		o easting and northing of the drill hole collar
		o elevation or RL (Reduced Level – elevation
		above sea level in metres) of the drill hole
		collar
		o dip and azimuth of the hole
		o down hole length and interception depth
		o hole length.
	•	If the exclusion of this information is justified
		on the basis that the information is not
		Material and this exclusion does not detract
		from the understanding of the report, the
		Competent Person should clearly explain why
		this is the case.
Data aggregation	•	In reporting Exploration Results, weighting •	No new assay results are being reported here.
methods		averaging techniques, maximum and/or •	Zones where gold was panned is reported for full
		minimum grade truncations (eg. cutting of	disclosure but is not considered to be a reliable
		high grades) and cut-off grades are usually	estimate of grade and was undertaken to ensure that
		Material and should be stated.	the prospective zones had been tested and to aid in
	•	Where aggregate intercepts incorporate short	selecting areas for one metre sampling.
		lengths of high-grade results and longer •	Not Applicable.
		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 anyreportingof

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		metal equivalent values should be clearly
		stated.
Relationship	•	These relationships are particularly important •	The relationship between gold anomalism and true
between		in the reporting of Exploration Results.	width remains poorly constrained however a
mineralisation	•	If the geometry of the mineralisation with	moderate easterly dip to mineralisation appears to
widths and		respect to the drill hole angle is known, its	be well justified and hence, when drilling at
intercept lengths		nature should be reported.	moderate angles to the west, drill intercepts should
	•	If it is not known and only the down hole	be near or close to true widths.
		lengths are reported, there should be a clear •	No assay results are reported.
		statement to this effect (eg. ‘down hole
		length,true width not known’).
Diagrams	•	Appropriate maps and sections (with scales) •	A plan view of the completed holes is shown.
		and tabulations of intercepts should be	Appropriate cross section will be generated once
		included for any significant discovery being	assay results are returned.
		reported These should include, but not be
		limited to a plan view of drill hole collar
		locations and appropriate sectional views.
Balanced reporting	•	Where comprehensive reporting of all •	Not Applicable.
		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.
Other substantive	•	Other exploration data, if meaningful and •	Not Applicable.
exploration data		material, should be reported including (but not
		limited to): geological observations;
		geophysical survey results; geochemical survey
		results; bulk samples – size and method of
		treatment; metallurgical test results; bulk
		density, groundwater, geotechnical and rock
		characteristics; potential deleterious or
		contaminatingsubstances.
Further work	•	The nature and scale of planned further work •	Further drilling may be required, however, this can
		(eg. tests for lateral extensions or depth	only be assessed once the assay results are returned.
		extensions or large-scale step-out drilling).
	•	Diagrams clearly highlighting the areas of
		possible extensions, including the main
		geological interpretations and future drilling
		areas, provided this information is not
		commerciallysensitive.

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