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FIN RESOURCES LIMITED Capital/Financing Update 2023

May 17, 2023

64920_rns_2023-05-17_e5e7a8db-83f5-4425-a980-dd43a076897a.pdf

Capital/Financing Update

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ASX Release

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Outcropping Lithium Targets Identified and Additional Ground Staked at the Cancet West Lithium Project

Highlights

  • High-resolution satellite imagery analysis completed over the Cancet West Lithium Project by Dr Neil Pendock has identified a significant number of possible Lithium-CaesiumTantalum (LCT) pegmatite outcrops which require priority field confirmation and follow up work.

  • FIN have now staked an additional 10 claims for a total of 510 hectares , covering an area of open ground directly west of Cancet West that appears highly prospective for LCT pegmatites and was highlighted by Dr Pendock’s work.

18 May 2023 ASX: FIN

Corporate Directory

Technical Director Brian Talbot Non-Executive Director Jason Bontempo

Non-Executive Director and Company Secretary Aaron Bertolatti

  • Compilation of the historical exploration data is now underway which is likely be followed by detailed field mapping, outcrop sampling and geochemical sampling which is expected to be completed during the upcoming Canadian summer field season.

  • This field work will allow FIN to evaluate and rank areas of highest prospectivity and verify interpreted pegmatite outcrops with the aim of generating drill ready targets.

  • Geologist Mr Tom Ridges appointed as technical advisor to FIN. Tom’s most recent roles include MD/CEO of Great Western Exploration (GTE.ASX) and Exploration Manager at Mineral Resources (MIN.ASX)

Fin Chairman, Mr Jason Bontempo stated “We are very excited by the results from our earlystage work undertaken at the Cancet West Lithium Project which represents the first step towards fully realising the value of our recently acquired Mont Tremblant Lithium Project package. Additionally, I am delighted that Tom has agreed to join us as our technical advisor. He is a welcome addition and strong appointment to our team as we push this exciting portfolio of properties forward during the upcoming field season and beyond.”

OUTCROPPING IDENTIFIED AT CANCET WEST LITHIUM PROJECT

Consultant Dr Neil Pendock (Dirt Exploration) was engaged by Fin Resources Ltd (FIN) to complete multispectral analysis across the Mount Tremblant Lithium Projects (which include the Cancet West, Gaspe and Ross projects). Results have now been received for the Cancet West Project where a significant number of exploration targets interpeted as potential LCT Pegmatites have been mapped. A spectral unmixing of a summer 2022 Sentinel-2 scene has produced two minerals, interpreted as pyrite and spodumene which are spatially correlated with nearly 300 rock chip samples within the region of interest that were assayed for lithium from the government geochemistry database (Figure 1).

Registered Office 35 Richardson Street West Perth WA 6005

[email protected] www.finresources.com.au

ABN: 25 009 121 644

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Figure 1 Spectral anomalies/Li targets Defined at Cancet West

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Figure 2 Newly staked highly prospective ground directly west of Cancet West

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The exploration targets were generated by training a multivariate statistical classifier on the location of the governments rock chip samples. The classifier is a digital fingerprint of the lithium response in the region of interest that was selected surrounding Cancet West.

Following a thorough review of Dr Pendock’s work, FIN have now staked an additional 10 claims for a total of 510 hectares, covering an area of open ground directly west of the Cancet West Project. This newly staked ground appears highly prospective for LCT pegmatites and was highlighted by Dr Pendock’s work (Figure 2). These recently defined and highly prospective Lithium targets highlighted within the newly staked ground at Cancet West, appear to be striking parallel to the Lac Guyer Greenstone Belt and will now be ground truthed during the upcoming field season.

About Cancet West

The Cancet West Project (“Cancet West” or the “Project”) is located within the prolific James Bay area of Quebec, Canada, and covers an area of 35.8 km[2] . The Project’s claims are centred on 14 km of prospective greenstone strike length of the Lac Guyer Greenstone Belt located within the La Grande Sub province of the Archean Superior Province. The Lac Guyer Greenstone Belt is an east-west trending greenstone belt which is host to multiple gold, base-metal and lithium occurrences and deposits. Lithium mineralisation is in the form of spodumene-bearing pegmatites. The Lac Guyer Greenstone Belt is host to two major lithium projects, both of which are along strike to the east of the Cancet West Project:

  • Corvette Project (Patriot Battery Metals Inc – ASX:PMT) which has recently achieved exciting drilling results, including 156.9m at 2.12% Li[2] O and 159.7m at 1.65% Li[2] O[1] and confirmed strike continuity of the CV5 spodumene pegmatite of at least 3.7km. To date PMT have discovered six distinct clusters of lithium bearing pegmatite7; and

  • Cancet Project (Winsome Resources – ASX:WR1) covers a strike length of some 6km within a much larger tenement package within which there are several significant spodumene pegmatites mapped and in the process of being drill tested. Better drill intersections at the main Cancet deposit include 18m at 3.15% Li[2] from 8m.[2]

The location of the Cancet West, Corvette and Cancet Projects are shown on Figure 2. The Lac Guyer Greenstone Belt is known to host numerous spodumene bearing pegmatites, several of which are interpreted to have the size, grade and metallurgical characteristics required for economic development.

1 See Patriot Battery Metals (TSX-V:PMET, ASX:PMT) ASX announcement released 19 January 2023

2 See Winsome Resources Limited (ASX:WR1) company presentation released December 2021

7 See Patriot Battery Metals (TSX-V:PMET, ASX:PMT) ASX announcement released 2 May 2023

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Figure 3: Cancet West Project location showing neighbouring lithium explorers and developers

Upcoming Works Programmes across the Mt Tremblant Lithium Projects

Near-term works programme for the three project areas to include;

  • In-depth review of historical datasets and mapped outcrops across the Projects.

  • High-resolution satellite imagery acquisition and interpretation.

  • Remote sensing and geophysics as required, with interpretation in conjunction with the historic datasets and satellite imagery to highlight areas for ground-proofing and sampling during the upcoming summer season.

  • Preparations for the upcoming field season are underway with commencement planned during Q3 2023.

Appointment of Technical Advisor

The Company is pleased it has appointed Mr Tom Ridges as technical advisor. Tom will be responsible for project management of all geological and technical programs across all of FIN’s assets.

Tom is a geologist with more than 16 years’ experience and a proven track record in gold and base metals exploration, mining, and project development. Tom’s most recent roles include MD/CEO of Great Western Exploration (GTE.ASX) and Exploration Manager at Mineral Resources (MIN.ASX) where he led the team and undertook exploration, project evaluation, mine geology, and oversaw resource modelling.

Prior to that, Tom spent more than 12 years at Regis Resources where he held several senior geology and mine management roles such as Geology Superintendent and Alternate Mine Manager.

Authorised for release by: Jason Bontempo - Non-Executive Director

For further information contact:

Jason Bontempo - [email protected]

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Cautionary Note

The interpreted presence of pegmatite, pegmatite granite or visual spodumene does not equate to lithium mineralisation. The Company is encouraged by the geology identified by the initial work programmes within Cancet West, but no quantitative or qualitative assessment of mineralisation is possible at this stage. The Company plans to undertake field work to test for potential lithium mineralisation and laboratory analysis of rock chip samples is required to determine if the remote-sensing has mapped pegmatites and pegmatite granites that have the potential to host mineralisation.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by FIN and reviewed by Mr. Thomas Ridges who is a member of the Australian Institute of Mining and Metallurgy. Mr. Thomas Ridges is an employee of Sustainable Resources Pty Ltd consulting to FIN 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Ridges consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward looking statements

This release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on FIN’s current expectations, estimates and assumptions about the industry in which FIN operates, and beliefs and assumptions regarding FIN‘s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “potential” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are only predictions and not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of FIN. Actual values, results or events may be materially different to those expressed or implied in this release. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this release speak only at the date of issue of this release. Subject to any continuing obligations under applicable law and the ASX Listing Rules, FIN does not undertake any obligation to update or revise any information or any of the forward-looking statements in this release or any changes in events, conditions or circumstances on which any such forward looking statement is based. Actual values, results, interpretations or events may be materially different to those expressed or implied in this announcement.

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Appendix 1:

Summary of Historical Exploration Across Cancet West Claims

SAGEOM
Report
Company Year English -Title Summary
GM60628 Dianor Inc 2003 Field Report And Interpretation, Till
Sampling Within Snrc 33g
Baseline till sampling which identified geochemical anomalies targeting
kimberlite bodies
GM34044 Calvin Pride 1974 Lake Sediment Geochemistry N/A
GM66018 Virginia Mines Inc 2011 Technical Report And
Recommendations, Summer 2010
Geological Reconnaissance Program,
Poste Lemoyne Extension Property
Gold and base metal sampling at the SE boundary of the project area
highlighted several anomalous gold and base metals surface samling in the Lac
Gruyere greenstone belt to the south
GM34040 So iéte- de Dev eppe
de la Baie Ja es
1973 Field Work Report, Lake Bottom, The
Great River
Regional geochemical survey
GM37021 Jean-Paul Gueniot 1979 Report,Center Area Regional scale mappingto the northern boundary
GM38176 Denis Tremblay 1979 Report On The Bezier And Doureau
Sectors
Uranium focused investigation
GM32951 Robert Demers 1969 Evaluation On The Accessibility And
Development Of The North-West
Quebec Region
Summary
GM34114 SES 1976 Report On The Photo-Interpretation
Of The Southern Part Of The Permit
(Unmapped)
Regional mapping
GM34117 SES 1975 HuntingDogProspectingReport
GM34128 GEOTERREX LIMITED 1975 Interpretation Report On An Airborne
Geophysical Survey In The James Bay
Area

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Appendix 2:

Cancet West Mineral Claims

Project Title No Status Expiry Date Area (Ha)
Cancet West (E) 2726037 Actve 07/02/2026 23:59 51,2
Cancet West (E) 2726038 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726039 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726040 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726041 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726042 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726043 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726044 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726045 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726046 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726047 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726048 Actve 07/02/2026 23:59 51,17
Cancet West (E) 2726049 Actve 07/02/2026 23:59 51,17
Cancet West (E) 2726050 Actve 07/02/2026 23:59 51,17

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Project Title No Status Expiry Date Area (Ha)
Cancet West (E) 2726051 Actve 07/02/2026 23:59 51,17
Cancet West (E) 2726052 Actve 07/02/2026 23:59 51,17
Cancet West (E) 2726053 Actve 07/02/2026 23:59 51,17
Cancet West (E) 2726054 Actve 07/02/2026 23:59 51,16
Cancet West (E) 2726055 Actve 07/02/2026 23:59 51,16
Cancet West (E) 2726056 Actve 07/02/2026 23:59 51,21
Cancet West (E) 2726057 Actve 07/02/2026 23:59 51,21
Cancet West (E) 2726058 Actve 07/02/2026 23:59 51,21
Cancet West (E) 2726059 Actve 07/02/2026 23:59 51,21
Cancet West (E) 2726060 Actve 07/02/2026 23:59 51,21
Cancet West (E) 2726061 Actve 07/02/2026 23:59 51,21
Cancet West (E) 2726062 Actve 07/02/2026 23:59 51,2
Cancet West (E) 2726063 Actve 07/02/2026 23:59 51,2
Cancet West (E) 2726064 Actve 07/02/2026 23:59 51,2
Cancet West (E) 2726065 Actve 07/02/2026 23:59 51,2
Cancet West (E) 2726066 Actve 07/02/2026 23:59 51,2
Cancet West (E) 2726067 Actve 07/02/2026 23:59 51,2

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Project Title No Status Expiry Date Area (Ha)
Cancet West (E) 2726068 Actve 07/02/2026 23:59 51,2
Cancet West (E) 2726069 Actve 07/02/2026 23:59 51,2
Cancet West (E) 2726070 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726071 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726072 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726073 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726074 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726075 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726076 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726077 Actve 07/02/2026 23:59 51,19
Cancet West (E) 2726078 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726079 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726080 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726081 Actve 07/02/2026 23:59 51,18
Cancet West (E) 2726082 Actve 07/02/2026 23:59 51,17
Cancet West (W) 2727942 Actve 08/02/2026 23:59 51,21
Cancet West (W) 2727943 Actve 08/02/2026 23:59 51,21

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Project Title No Status Expiry Date Area (Ha)
Cancet West (W) 2727944 Actve 08/02/2026 23:59 51,21
Cancet West (W) 2727945 Actve 08/02/2026 23:59 51,21
Cancet West (W) 2727946 Actve 08/02/2026 23:59 51,21
Cancet West (W) 2727947 Actve 08/02/2026 23:59 51,21
Cancet West (W) 2727948 Actve 08/02/2026 23:59 51,21
Cancet West (W) 2727949 Actve 08/02/2026 23:59 51,2
Cancet West (W) 2727950 Actve 08/02/2026 23:59 51,2
Cancet West (W) 2727951 Actve 08/02/2026 23:59 51,2
Cancet West (W) 2727952 Actve 08/02/2026 23:59 51,2
Cancet West (W) 2727953 Actve 08/02/2026 23:59 51,2
Cancet West (W) 2727954 Actve 08/02/2026 23:59 51,2
Cancet West (W) 2727955 Actve 08/02/2026 23:59 51,19

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Appendix 3

JORC Code, 2012 Edition (Table 1) – Cancet West Hyperspectral Survey

Secton 1 Sampling Techniques and Data

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

Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling (eg cut Geophysical/Hyperspectral Survey
techniques channels, random chips, or specific specialised
industry standard measurement tools
The Hyperspectral programme use Sentinel-2 satellite visible/near-infrared
appropriate to the minerals under investigation, (VNIR) and shortwave infrared (SWIR) imagery for interpretation across the
such as down hole gamma sondes, or handheld
XRF instruments, etc). These examples should
not be taken as limiting the broad meaning of
Cancet West Project. The results identified a number of Lithium exploration
targets within the Region of Interest [ROI] (given to Dr Pendock by FIN)
sampling. consists of two exploration licenses north of the Trans-Taiga road in Northern
Include reference to measures taken to ensure Quebec. A spectral unmixing of a summer 2022 Sentinel-2 scene produced
sample representivity and the appropriate two minerals, interpreted as pyrite and spodumene, which are spatially
calibration of any measurement tools or
systems used.
Aspects of the determination of mineralisation
that are Material to the Public Report. In cases
correlated with nearly 300 rock chip samples containing Li from the Canadian
government geochemistry database.
The targets were generated by training a multivariate statistical classifier on
where ‘industry standard’ work has been done the location of the rock chip samples. The classifier is a digital fingerprint of
this would be relatively simple (eg ‘reverse the Li response in the ROI.
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
Vegetation cover and glacial till is an issue in the ROI as it may obscure
spectral signals from buried deposits. Spectral unmixing may be used to
separate vegetation spectra from other signatures if vegetation cover is <
as where there is coarse gold that has inherent 100%.
sampling problems. Unusual commodities or
mineralisation types (eg submarine nodules)
may warrant disclosure of detailed information.
Gas estimated from Sentinel-2 VNIR can penetrate vegetation and shallow
soil cover and the rock chip sample locations are reported as being
anomalous in hydrogen and methane.

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Drilling techniques Drill type (eg core, reverse circulation, open- Not Applicable no drilling reported
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is
_oriented and if so, by what method, etc). _
Drill sample Method of recording and assessing core and Not Applicable no drilling reported
chip sample recoveries and results assessed.
recovery 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.
Logging Whether core and chip samples have been Not applicable no drilling reported
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.
Sub-sampling If core, whether cut or sawn and whether Not applicable no drilling reported, geophysical data only.
techniques and quarter, half or all core taken.
If non-core, whether riffled, tube sampled,
sample preparation 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 representativity of
samples.

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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.
Quality of assay The nature, quality and appropriateness of the Not applicable no drilling reported, geophysical data only.
data and laboratory assaying and laboratory procedures used and
whether the technique is considered partial or
tests total.
For geophysical tools, spectrometers, handheld
XRF instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
Nature of quality control procedures adopted
(eg standards, blanks, duplicates, external
laboratory checks) and whether acceptable
levels of accuracy (i.e. lack of bias) and
precision have been established.
Verification of The verification of significant intersections by Geophysical Survey - verification of assaying and sampling not applicable.
sampling and either independent or alternative company
personnel.
assaying 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.
Location of data Accuracy and quality of surveys used to locate Geophysical Survey - sample locations/ drill collar locations and other
points drill holes (collar and down-hole surveys),
trenches, mine workings and other locations
locations of relevance not applicable
used in Mineral Resource estimation. NAD83 / UTM zone 18N
Specification of the grid system used.
Quality and adequacy of topographic control.

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Data spacing and Data spacing for reporting of Exploration The Hyperspectral program used Sentinel-2 satellite visible/near-infrared
distribution Results.
Whether the data spacing and distribution is
sufficient to establish the degree of geological
and grade continuity appropriate for the
(VNIR), and shortwave infrared (SWIR) imagery for interpretation across the
Cancet West Project. This is early-stage high level exploration data that is
appropriate at this stage of the Project.
Mineral Resource and Ore Reserve estimation
procedure(s) and classifications applied.
No sample compositing was applied.
Whether sample compositing has been applied.
Orientation of data Whether the orientation of sampling achieves Not Applicable, early stage high level broad data to be used for initial
in relation to unbiased sampling of possible structures and
the extent to which this is known, considering
interpretation of the Li prospectivity within the Cancet West Project.
geological structure 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.
Sample security The measures taken to ensure sample security. Data received directly from the geophysical contractor including raw data.
Audits or reviews The results of any audits or reviews of sampling No specific external audits or reviews have been undertaken on the data by
techniques and data. the Company.
All data collected and reviewed validated by the independent consultant.

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Secton 2 Reportng of Exploraton Results

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

Criteria JORC Code explanation JORC Code explanation Commentary
Mineral tenement and land tenure status Type, reference name/number, location and ownership See Appendix 2 for a full list of Mineral
including agreements or material issues with third Claims related to Cancet West.
parties such as joint ventures, partnerships, overriding
royalties, native title interests, historical sites, The mineral claims are 100% owned by Fin
wilderness or national park and environmental settings. Resources Ltd.
The security of the tenure held at the time of reporting
along with any known impediments to obtaining a The minerals claims have no underlying
licence to operate in the area. royalties.
No encumbrances are known.
The mineral claims are in good standing.
Exploration done by other parties Acknowledgment and appraisal of exploration by other Limited previous exploration for Lithium
parties. within the region.
See Appendix 1 for a summary of historical
exploration across Cancet West.
Geology Deposit type, geological setting and style of The Project’s claims are centred on 14 km of
mineralisation. prospective greenstone strike length of the
Lac Guyer Greenstone Belt located within
the La Grande Sub province of the Archean
Superior Province in Quebec Canada. The Lac
Guyer Greenstone Belt is an east-west
trending greenstone belt which is host to
multiple gold, base-metal and lithium
occurrences and deposits. Lithium

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mineralisation is in the form of spodumene-
bearing pegmatites.
The Lac Guyer Greenstone Belt is host to two
major lithium projects, both of which are
along strike to the east of the Cancet West
Project; Patriot Battery Metals (ASX: PMT)
Corvette Project and Winsome Resources
Limited (ASX:WR1) Cancet Project
Drill hole Information A summary of all information material to the Not Applicable, no drilling being reported.
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 methods In reporting Exploration Results, weighting averaging Not Applicable, no drilling being reported.
techniques, maximum and/or minimum grade
truncations (eg cutting of high grades) and cut-off
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths
of high grade results and longer lengths of low grade
results, the procedure used for such aggregation should
be stated and some typical examples of such
aggregations should be shown in detail.
The assumptions used for any reporting of metal
equivalent values should be clearly stated.

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Relationship between mineralisation These relationships are particularly important in the Not Applicable, no drilling being reported.
widths and intercept lengths reporting of Exploration Results.
If the geometry of the mineralisation with respect to
the drill hole angle is known, its nature should be
reported.
If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
_effect(eg ‘down hole length, true width not known’). _
Diagrams Appropriate maps and sections (with scales) and Diagrams are included in the body of the
tabulations of intercepts should be included for any document.
significant discovery being reported These should
include, but not be limited to a plan view of drill hole
collar locations and appropriate sectional views.
Balanced reporting Where comprehensive reporting of all Exploration All results reported are exploration results in
Results is not practicable, representative reporting of
both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration
nature. No representative significance was
applied to the results.
Results.
Other substantive exploration data Other exploration data, if meaningful and material, Assessment of other substantive exploration
should be reported including (but not limited to):
geological observations; geophysical survey results;
geochemical survey results; bulk samples – size and
data is not yet complete however considered
immaterial at this stage.
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating
substances.
Further work The nature and scale of planned further work (eg tests Follow up work programmes will be subject
for lateral extensions or depth extensions or large-scale
step-out drilling).
Diagrams clearly highlighting the areas of possible
to interpretation of recent and historic
results which is ongoing.
extensions, including the main geological
interpretations and future drilling areas, provided this
information is not commercially sensitive.

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