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FireFly Metals Ltd. Capital/Financing Update 2021

Dec 1, 2021

48548_rns_2021-12-01_6e302a7b-5b41-4836-9800-1cf05f205e83.pdf

Capital/Financing Update

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ASX: AUT 2 December 2021

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ASX ANNOUNCEMENT

Pickle Crow Gold Project, Canada

More exceptional drilling results highlight potential for increase in 1.7Moz gold Resource

Latest intersections extend known mineralisation in high-grade areas as well as the alterationhosted gold which is potentially amenable to bulk mining; Resource update set for Feb 2022

KEY POINTS

  • Drilling of high-grade vein extensions outside the vein hosted Resource in the Shaft 1 and Shaft 3 areas continues to deliver significant intersections, including:

  • 2.0m @ 68.3g/t gold from 470.7m in hole AUDD0200 (136.6 gt*m)

  • o 2.1m @ 31.8g/t gold from 246.4m in hole AUDD0229 (66.8 gt*m)

  • 4.1m @ 11.2g/t gold from 423.8m in hole AUDD0200 (45.3 gt*m)

  • 4.7m @ 6.3g/t gold from 732.8m in hole AUDD0196 (29.6 gt*m)

  • o 2.4m @ 9.9g/t gold from 18.7m in hole AUDD0214 (23.3 gt*m)

  • 3.1m @ 6.9g/t gold from 370.7m in hole AUDD0183 (20.9 gt*m)

  • 1.0m @ 10.6g/t gold from 556.3m in hole AUDD0189 (10.6 gt*m)

  • o 0.3m @ 34.2g/t gold from 559.7m in hole AUDD0193 (10.3 gt*m)

  • The current high-grade vein hosted Resource at Pickle Crow stands at 1.47Moz at 10.1g/t

  • The alteration hosted Resource, which is predominantly Banded Iron Formation (BIF), currently totals 240,000oz at 3.7g/t gold and is potentially amenable to bulk mining

  • Initial exploration targeting of BIF mineralisation near Shaft 1 returned an intersection of:

  • 19.5m @ 3.3g/t gold from 340.7m in hole AUDD0220 (63.2 gt*m)

  • Follow-up drilling at the Carey discovery demonstrates further potential for bulk mineralisation. Significant intersections returned included:

  • 4.0m @ 9.9g/t gold from 266.6m in hole AUDD0194 (39.1 gt*m)

  • o 11.5m @ 1.5g/t gold from 163.5m in hole AUDD0181 (17.5 gt*m) o 1.5m @ 10.3g/t gold from 90.4m in hole AUDD0180 (15.4 gt*m) o 7.0m @ 2.0g/t gold from 289m in hole AUDD0188 (14.0 gt*m)

  • First-pass exploration drilling on the Carey trend ~600m to the north-east intersected shallow high-grade gold, with intersections including:

  • 0.5m @ 84.0g/t gold from 8.2m in AUDD0167 (42.0 gt*m)

  • 5 diamond rigs are currently drilling on site

  • An updated Resource estimate remains on track for delivery in February 2022

  • AuTECO remains well funded for its growth strategy, with A$16.4M in cash at 30 September 2021

ASX: AUT

Ray Shorrocks - Executive Chairman Michael Naylor - Non-Executive Director Stephen Parsons - Non-Executive Director Nicholas Katris - Company Secretary Darren Cooke - Chief Operating Officer

ACN: 110 336 733 Principal and Registered Office: Ground Floor 24 Outram Street West Perth WA 6005

T: +61 8 9220 9030 E: [email protected] W: www.autecominerals.com

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AuTECO Minerals Ltd (AUT.ASX) (‘ AuTECO ’ or ‘ the Company’ ) is pleased to report more outstanding drilling results which will help underpin a Resource update in the coming quarter.

The latest intersections from the 50,000m drilling program underway at the Pickle Crow project in Ontario, Canada continue to extend the known mineralisation outside the 1.7Moz Resource at 8.1g/t gold[1] .

AuTECO currently has five diamond drill rigs operating with a dual focus on Resource expansion and near-mine exploration. This includes growing the high-grade vein Resource, which comprises 1.47Moz at 10.1g/t, and the alteration-hosted Resource of 240,000oz at 3.7g/t.

It is envisaged that the higher and lower grade areas could potentially be mined using the same access infrastructure and a common processing plant, enabling the ore to be blended. However, the alteration-hosted areas would be mined using bulk mining methods.

In the high-grade veins, Resource expansion drilling in the Shaft 1 and Shaft 3 areas have returned significant drill intersections which increase the known extent of mineralised structures that comprise the current Resource. Results include a 120m step-out from the Vein 13 Resource intersecting 2.0m @ 68.3g/t gold.

Near-mine exploration for alteration-hosted mineralisation with bulk mining potential is in progress. Testing of a banded iron target near Shaft 1 delivered an intersection grading 19.5m @ 3.3g/t gold, further demonstrating the potential for mineralisation amenable to bulk mining methods in the Pickle Crow area. Additional results on the targeted BIF drilling are expected during the quarter.

Follow-up drilling of the Carey prospect continues to define broad mineralisation outside of the initial discovery area. Key results include 4m @ 9.9g/t, 11.5m @ 1.5g/t and 7.0m @ 2g/t gold. Furthermore, a conceptual step-out 600m to the north-east of the Carey-Albany area intersected 0.5m @ 84g/t gold at a shallow depth of 8.2m down the hole.

Drilling of the Tyson discovery is in progress, with assay results expected during the current quarter and into 2022.

AuTECO Executive Chairman Ray Shorrocks said: “These drilling results are exceptional and pave the way for a Resource update in February next year.

“Drilling continues to define mineralisation well outside of the current 1.7Moz Resource.

‘The results also support our plan to establish higher and lower-grade areas which can be mined using different methods but would take advantage of the same access infrastructure and processing plant, delivering significant economic benefits.”

1 For details on the Pickle Crow Resource estimate, and all future references, please refer to ASX release dated 15 July 2021

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ABOUT THE EXPLORATION PROGRAM

Following the success of the previous 45,000 metre drill campaign that delivered a 71% increase in the Inferred Resource to 1.7 million ounces of gold at a grade of 8.1g/t, the board of AuTECO approved an additional 50,000 metres of drilling in June 2021. The dual strategy of driving nearmine Resource growth combined with early-stage exploration targeting will continue to be the focus of the drilling program (Figure 1). A Resource update as at 31 December 2021 is scheduled for release in February 2022.

To date 27,500m of the program has been completed for 63 drill holes. A fifth rig has recently commenced on site to take advantage of favourable drill access conditions during the Canadian winter. The additional rig also ensures that the 50,000 metre program is on track to conclude in Q1 2022 despite the delays in July-August 2021 due to wildfire risk. Assay turn-around is variable, with the average 3 month rolling average reducing to 21 days. This is significantly ahead of industry standards for assay turnaround time in both Canada and Australia at present.

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Figure 1: Current AuTECO strategic work plan and key objectives from July 2021 until the scheduled release of the year end Resource update in December 2021. Please note that timeframes are indicative.

EXPLORATION AND GEOLOGICAL DETAIL

Deposit Overview

Geological Setting

The Pickle Crow deposit is located in the Uchi-Birch sub-province of the Archean aged Superior Craton (Figure 2). AuTECO manages approximately 500 square kilometres of tenure in the northern Pickle Lake greenstone belt (Figure 3).

The Pickle Crow deposit is a typical Mesothermal narrow-vein high grade Archean orogenic gold deposit, with mineralised veins present within local structures formed within a broader Riedel shear zone.

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Figure 2: Location of the Pickle Crow deposit within the Uchi subprovince of the Superior Craton, Ontario, Canada

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Figure 3: Geology and mining claims managed by AuTECO in the northern Pickle Lake greenstone belt. Note all work has been conducted by AuTECO to date is within the orange box.

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Mineralisation and Historic Production

There are two main styles of mineralisation (Figure 4) at the Pickle Crow deposit:

  • Quartz vein hosted mineralisation

  • Alteration hosted mineralisation (BIF or Porphyry)

Mining at the Pickle Crow deposit between 1935 and 1966 produced 1.5Moz of gold at a head grade of 16.1g/t. The historic production was sourced entirely from the vein-style mineralisation, mined from more than 10 individual quartz reefs.

To date >30 individual veins have been identified proximal to underground shaft infrastructure (Shaft 1, Shaft 3, and Albany Shaft).

Exploration results in this report have been grouped based on proximity to the main historic shafts.

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Figure 4: Summary of mineralisation styles at the Pickle Crow gold deposit

Mineral Resource

The Inferred Mineral Resource for the Pickle Crow project as at 30 June 2021 is 6.6Mt @ 8.1g/t for 1.7Moz of gold (Table 1). The reported Resource was subdivided based on the mineralisation style.

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Table 1: Inferred Mineral Resource estimate for the Pickle Crow deposit as at 30 June 2021

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Drilling Strategy

The drilling strategy undertaken in recent months is consistent with the broader AuTECO organic growth plan (Figure 5).

A phased approach to drilling was undertaken, with initial work programs targeting new mineralisation outside of the existing Resource, followed by infill drilling aiming to add additional Resource.

Drilling between July and October focused on key extensional targets inside the patented mining claims, predominantly in the Shaft 3 area and at the newly discovered Tyson veins. Near mine exploration targets were also tested in the Shaft 1 and Albany-Carey area.

During November, the focus shifted to infill drilling of newly identified mineralisation that will culminate in a Resource update planned for release in February 2021.

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Figure 5: AuTECO organic growth pathway to March 2022. Please note that timeframes are indicative.

Shaft 1 and Shaft 3 Extension Drilling

Drilling on the Core Mine trend in the Shaft 3 and Shaft 1 areas has identified numerous mineralised vein-style structures outside of the current mineral Resource. Recent drill intersections returned include:

  • 2.0m @ 68.3g/t gold from 470.7m in hole AUDD0200 (136.6 gt*m)

  • o 2.1m @ 31.8g/t gold from 246.4m in hole AUDD0229 (66.8 gt*m) o 4.1m @ 11.2g/t gold from 423.8m in hole AUDD0200 (45.3 gt*m) o 4.7m @ 6.3g/t gold from 732.8m in hole AUDD0196 (29.6 gt*m) o 2.4m @ 9.9g/t gold from 18.7m in hole AUDD0214 (23.3 gt*m) o 3.1m @ 6.9g/t gold from 370.7m in hole AUDD0183 (20.9 gt*m) o 9.4m @ 1.5g/t gold from 106.5m in hole AUDD0195 (14.4 gt*m) o 1.0m @ 10.6g/t gold from 556.3m in hole AUDD0189 (10.6 gt*m) o 0.3m @ 34.2g/t gold from 559.7m in hole AUDD0193 (10.3 gt*m)

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A plan map showing the collar locations of recent significant intersections in the Shaft 1 and Shaft 3 areas is presented in Figure 6.

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Figure 6: Location of recent significant drill intersections in the Shaft 1 and Shaft 3 areas.

Recent results include a 120m step-out hole drilled down plunge of the Vein 13 resource, with hole AUDD0200 intersecting 2.0m at 68.3g/t gold from 470.7m in vein style mineralisation (Figure 7). The veining cross cuts a conglomerate unit with semi-massive pyrite-pyrrhotite layers.

Step out drilling in the Shaft 1 area discovered a new vein that was previously unknown in hole AUDD0229. Mineralisation is contained in a quartz-carbonate-scheelite vein that contains visible gold within a sheared mafic volcanic unit. Figure 8 shows a photograph of the core with assays noted. Figure 9 is a photograph of the coarse visible gold observed in the drill core.

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Figure 7: Upper Photograph: drill core (with assays) from hole AUDD0200. The intersection graded 2.0m @ 68.3g/t gold. Lower Photograph: Close up showing coarse visible gold encountered a multi-phase quartz vein. The individual assay returned a grade of 437.1g/t gold

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Figure 8: Photograph of the intersection in hole AUDD0229 grading 2.1m @ 31.8g/t gold from 246.4m at Shaft 1. Gold occurs within quartz-carbonate-scheelite veins as small clusters (<5mm) and in blebs at the margin of shear veins.

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Figure 9: Photograph of coarse visible gold at the sheared vein margins in hole AUDD0229.

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Banded Iron (BIF) Hosted Alteration Mineralisation Exploration

A first-pass exploration campaign was undertaken to test the potential for broad alteration hosted mineralisation in an interpreted banded iron formation adjacent to the Core Mine Shear proximal to Vein 5 in the Shaft 1 area.

The assay results for the first hole in the program have been returned, with an intersection of 19.5m @ 3.3g/t gold successfully demonstrating the potential for mineralisation amenable to bulk mining (Figure 10 and 11).

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Figure 10: Map showing the location of BIF intersection in hole AUDD0220

Figure 11: Core photo of the BIF mineralisation in hole AUDD0220 (19.5m @ 3.3g/t) The consistent mineralisation is coincident with qtz, pyrrhotite, Py, +/- Asp

Further results from the BIF exploration program are expected during the quarter.

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Carey-Albany Drilling

Follow up drilling in the Carey discovery area continues to intersect shallow, broad widths of alteration hosted mineralisation combined with high grade vein hosted mineralisation (Figure 12). This continues to support the bulk mining potential of the Carey area. Recent intersections include:

  • 4.0m @ 9.9g/t gold from 266.6m in hole AUDD0194 (39.1 gt*m)

  • o 11.5m @ 1.5g/t gold from 163.5m in hole AUDD0181 (17.5 gt*m) o 1.5m @ 10.3g/t gold from 90.4m in hole AUDD0180 (15.4 gt*m) o 7.0m @ 2.0g/t gold from 289m in hole AUDD0188 (14.0 gt*m)

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Figure 12: Map of drillhole collars in the Carey-Albany area. AuTECO drilling is highlighted.

Hole AUDD0194 was drilled in the northern Carey-Albany area and successfully intersected 4.0m @ 9.9g/t gold in banded iron alteration hosted mineralisation (Figure 13)

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Figure 13: AUDD0194: 4.0m @ 9.9g/t gold from 266.6m. Mineralisation is alteration hosted and associated with pyrite replacement of iron minerals in Banded Iron Formation. Free gold was observed in the core as small 1mm size particles. Surrounding volcaniclastics exhibit strong sericite-ankerite-pyrite alteration.

An exploration hole was drilled ~600 metres north-east of Carey-Albany on the Core Mine shear trend (Figure 14). This drill hole intersected a shallow high-grade intersection of:

o 0.5m @ 84.0g/t gold from 8.2m in AUDD0167

(42.0 gt*m)

Further work is planned in the North Carey area during 2022.

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Figure 14: Location of exploration hole AUDD0167 that was drilled on the Core Mine Shear trend approximately 600 metres north of Carey-Albany. A result of 0.5m @ 84.0g/t gold from 8.2 metres down hole demonstrates the trend is fertile north of the Carey discovery.

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FORWARD WORK PLAN

Drilling is scheduled to continue with 5 drill rigs on site. The program for the remainder of 2021 will be focused predominantly in the near mine environment, with results expected to contribute to an updated Resource estimate anticipated for completion in February 2022.

Infill drilling of the Tyson discovery is in progress, with first results anticipated during the December quarter. The Tyson drilling will continue into the March quarter of 2022.

Regional exploration will accelerate in the January quarter as access to priority exploration targets is assisted by favourable conditions over the Canadian winter.

For and on behalf of the Board.

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Mr Ray Shorrocks Executive Chairman Auteco Minerals Ltd Phone: +61 8 9220 9030

Media:

Paul Armstrong Read Corporate +61 8 9388 1474

ABOUT AUTECO MINERALS

Auteco Minerals Ltd (ASX: AUT) is an emerging mineral exploration company focused on advancing high-grade gold resources at the Pickle Crow Gold Project in the world-class Uchi subprovince of Ontario, Canada.

The Pickle Crow Gold Project currently hosts a JORC 2012 Mineral Resource of 1.7 Moz at 8.1g/t gold, with a 50,000m drilling program underway to expedite Resource growth.

Pickle Crow is one of Canada’s highest-grade gold mines – historically producing 1.5 Moz at 16g/t gold.

The Company also has a joint venture on the Limestone Well Vanadium-Titanium Project in Western Australia.

For further information regarding Auteco Minerals Ltd please visit the ASX platform (ASX:AUT) or the Company’s website https://www.autecominerals.com

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COMPETENT PERSONS STATEMENT

Certain Exploration Results referred to in this announcement were first reported in accordance with ASX Listing Rule 5.7 in the Company's announcements of 28/01/2020, 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020, 19/01/2021, 7/04/2021, 16/06/2021, 15/07/2021, 2/8/2021 and 5/10/2021. Auteco confirms that it is not aware of any new information or data that materially affects the information included in the original announcements. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

The information in this announcement that relates to new Exploration Results is based on and fairly represents information and supporting information compiled by Mr Marcus Harden, who is a Member of the Australasian Institute of Geoscientists. Mr Harden is an employee of the Company and has sufficient experience in the style of mineralisation and type of deposit under consideration and qualifies 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 Harden holds securities in Auteco Minerals Limited and consents to the inclusion of all technical statements based on his information in the form and context in which it appears.

NOTE

As announced on 15 July 2021, "Resource increases 71% to 1.7Moz", Auteco confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.

DISCLAIMER

References to previous ASX announcements should be read in conjunction with this release.

FORWARD LOOKING INFORMATION

Various statements in this announcement constitute statements relating to intentions, future acts and events. Such statements are generally classified as “forward looking statements” and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. The Company gives no assurances that the anticipated results, performance or achievements expressed or implied in these forward-looking statements will be achieved.

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APPENDIX A: DRILLING RESULTS

TABLE 1: Significant Intercept Table – Auteco Drilling

Cut-off grade of 1 g/t Gold allowing for 1m internal dilution (NSI – No significant Intercept). All cords in UTM NAD 83 z15

Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From To Width Assay Comment
(m) (m) (m) (m) g/t Au
AUDD0150 705964 5711328 350 200 50 252 83.75 84.75 1.00 1.28
126.05 127.00 0.95 1.11
140.30 150.10 9.80 3.07
190.30 190.70 0.40 9.04
237.45 237.80 0.35 1.13
AUDD0164 704485 5710851 340 160 57 585 215.75 216.05 0.30 5.55
AUDD0167 706648 5712082 345 320 50 144 8.15 8.65 0.50 84.00
88.55 89.65 1.10 0.96
AUDD0168 705615 5711100 351 180 55 267 101.80 102.30 0.50 1.87
AUDD0169 705146 5711502 338 180 78 621 127.50 129.50 2.00 2.69
152.60 153.60 1.00 1.91
223.60 224.60 1.00 1.13
267.85 269.20 1.35 2.62
320.60 320.90 0.30 5.26
587.20 587.55 0.35 2.27
AUDD0173 704549 5710828 340 160 62 600 213.00 213.35 0.35 4.33
219.80 221.95 2.15 2.08
229.20 230.00 0.80 1.01
256.65 257.05 0.40 2.27
266.70 267.30 0.60 2.32
284.40 284.80 0.40 2.24
355.35 355.65 0.30 1.06
447.50 447.80 0.30 1.81
466.55 467.30 0.75 1.05
566.50 572.05 5.55 4.09
575.95 576.80 0.85 2.48
578.25 581.05 2.80 17.86
AUDD0174 706548 5711976 348 180 45 171 24.10 24.50 0.40 1.81
107.60 107.90 0.30 1.12
AUDD0175 706477 5711848 348 160 45 87 NSA
AUDD0176 705559 5711261 357 180 57 411 81.75 82.30 0.55 1.02
94.60 94.90 0.30 1.76
193.80 194.20 0.40 1.14
277.40 279.20 1.80 3.23
388.50 388.85 0.35 4.10
AUDD0177 706205 5711651 347 180 60 282 88.20 89.10 0.90 1.27
214.00 214.35 0.35 1.59
245.50 246.00 0.50 1.50

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From To Width Assay Comment
(m) (m) (m) (m) g/t Au
AUDD0178 704489 5711151 338 160 57 861 49.15 49.65 0.50 1.06
262.80 263.10 0.30 17.40
433.30 433.65 0.35 1.38
514.05 518.90 4.85 4.70
inc: 514.05 516.10 2.05 10.43
526.30 526.90 0.60 2.19
528.90 529.30 0.40 2.16
534.60 535.70 1.10 4.09
567.15 567.45 0.30 1.19
572.35 572.70 0.35 1.04
574.90 577.00 2.10 2.03
604.30 604.75 0.45 3.27
609.00 609.90 0.90 6.92
619.60 620.10 0.50 2.33
590.60 592.00 1.40 1.06
AUDD0179 704586 5710883 340 160 62 606 22.30 22.60 0.30 2.38
280.70 281.00 0.30 1.70
289.00 289.50 0.50 2.01
340.00 340.30 0.30 1.11
343.40 343.70 0.30 18.90
395.55 395.95 0.40 3.37
402.90 403.20 0.30 8.70
426.55 427.95 1.40 2.44
431.95 432.90 0.95 14.08
463.50 463.80 0.30 7.77
AUDD0180 706,178 5,711,511 347 0 55 348 9.00 10.00 1.00 1.01
16.00 16.75 0.75 2.10
62.00 64.00 2.00 1.56
90.35 91.85 1.50 10.28
109.00 110.00 1.00 1.62
273.00 274.10 1.10 6.73
286.80 288.15 1.35 6.98
324.00 324.30 0.30 15.00
AUDD0181 705,755 5,711,177 351 30 55 509.5 41.00 42.00 1.00 1.23
91.35 94.30 2.95 1.37
128.85 129.20 0.35 1.75
137.00 138.00 1.00 1.37
141.05 141.90 0.85 1.10
149.70 150.00 0.30 1.51
153.30 154.30 1.00 1.53
163.50 175.00 11.50 1.52
1819.00 182.45 0.55 1.64

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From To Width Assay Comment
(m) (m) (m) (m) g/t Au
225.60 227.30 1.70 0.89
336.55 337.00 0.45 2.44
416.40 417.20 0.80 2.56
AUDD0182 705,898 5,711,415 361 210 55 405 23.30 24.15 0.85 7.54
28.00 28.35 0.35 1.62
41.40 41.95 0.55 1.85
227.40 228.65 1.25 2.25
305.80 306.20 0.40 1.23
340.30 341.15 0.85 3.35
AUDD0183 704,857 5,711,397 341 180 56 636 47.45 48.05 0.60 1.11
78.70 79.80 1.10 1.76
113.15 114.35 1.20 2.33
257.95 258.25 0.30 3.08
312.25 312.55 0.30 1.86
370.65 373.70 3.05 6.86
379.75 380.05 0.30 3.80
404.80 405.80 1.00 4.26
503.85 504.85 1.00 1.09
636.65 636.95 0.30 1.66
AUDD0184 704,586 5,710,868 342 160 72 564 75.45 75.95 0.50 2.55 Partial Assay
93.45 93.80 0.35 4.35
113.70 114.20 0.50 1.27
122.05 123.90 1.85 1.09
146.90 147.95 1.05 1.66
152.35 153.95 1.60 1.96
231.40 231.80 0.40 1.65
235.00 236.50 1.50 2.04
271.65 274.00 2.35 1.29
281.40 281.70 0.30 1.54
333.15 333.45 0.30 1.31
359.20 359.80 0.60 2.16
374.70 375.05 0.35 1.58
385.00 385.30 0.30 1.07
389.95 390.30 0.35 1.08
455.00 455.50 0.50 88.70
532.25 533.05 0.80 1.09
AUDD0185 705,899 5,711,414 360 140 55 312 32.00 35.45 3.45 1.16
38.30 38.75 0.45 2.71
68.65 70.45 1.80 2.27
109.00 111.85 2.85 2.19
136.05 136.85 0.80 1.52
161.10 161.40 0.30 1.07

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From To Width Assay Comment
(m) (m) (m) (m) g/t Au
193.65 193.95 0.30 13.00
236.20 236.65 0.45 1.54
241.05 245.10 4.05 2.32
269.00 269.60 0.60 14.82
AUDD0186 705,899 5,711,323 355 210 55 288 79.40 79.75 0.35 1.20 Partial Assay
93.70 94.00 0.30 1.15
140.95 142.55 1.60 2.09
211.00 211.50 0.50 1.87
AUDD0187 704,604 5,710,821 342 160 55 429 164.25 169.00 4.75 1.07 Partial Assay
AUDD0188 705,814 5,711,349 359 210 55 315 17.35 18.60 1.25 3.74
72.15 73.00 0.85 1.84
89.50 90.60 1.10 1.27
95.80 96.65 0.85 2.81
120.60 121.10 0.50 1.69
159.00 159.50 0.50 2.07
185.80 186.50 0.70 10.00
199.70 200.00 0.30 15.00
204.00 205.00 1.00 1.68
233.40 234.20 0.80 2.85
257.10 257.80 0.70 2.28
274.00 276.00 2.00 1.84
289.00 296.00 7.00 1.98
AUDD0189 704,857 5,711,397 341 180 65 699 345.25 346.25 1.00 1.27
443.40 445.00 1.60 2.75
456.50 458.70 2.20 2.36
470.70 471.00 0.30 1.33
524.50 525.00 0.50 1.21
547.00 547.35 0.35 2.43
556.25 557.25 1.00 10.60
578.40 578.80 0.40 4.40
AUDD0190 704,645 5,710,713 342 160 55 305 110.55 110.85 0.30 3.71
113.60 114.25 0.65 1.22
AUDD0192 705,867 5,711,371 358 140 55 309 15.05 15.00 0.75 1.51
41.95 46.65 4.70 1.27
82.75 84.30 1.55 6.04
90.80 91.80 1.00 1.11
82.75 100.70 17.95 1.00
133.65 134.65 1.00 1.69
157.45 169.30 11.85 1.15
199.35 200.30 0.95 2.38
AUDD0193 704,488 5,709,717 351 277 77 654 236.30 236.70 0.40 2.08
559.65 559.95 0.30 34.20

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From To Width Assay Comment
(m) (m) (m) (m) g/t Au
644.80 645.20 0.40 1.76
AUDD0194 706,152 5,711,627 355 180 65 351 27.85 28.55 0.70 1.63
129.00 129.35 0.35 12.00
215.95 216.25 0.30 1.08
250.75 251.05 0.30 9.81
266.55 270.50 3.95 9.89
283.00 283.95 0.95 3.60
AUDD0195 704,800 5,711,360 339 180 56 645 106.50 115.85 9.35 1.54 Partial Assay
289.80 290.20 0.40 1.33
339.80 340.40 0.60 3.53
357.00 359.00 2.00 2.20
385.25 385.55 0.30 1.12
409.70 410.00 0.30 1.06
571.10 571.40 0.30 3.56
589.85 590.30 0.45 1.15
620.00 621.00 1.00 3.81
AUDD0196 704,503 5,709,717 350 764 77 284 732.80 737.50 4.70 6.27
AUDD0197 706,272 5,711,683 346 180 55 369 23.80 24.25 0.45 1.39 Partial Assay
31.00 32.00 1.00 1.11
AUDD0198 704,083 5,710,174 343 145 45 252 NSA
AUDD0199 704,474 5,710,476 345 160 55 351 Awaiting Assay
AUDD0200 705,308 5,710,898 344 260 70 510 181.35 182.15 0.80 2.09
246.25 246.60 0.35 4.06
262.75 268.35 5.60 1.09
423.75 427.80 4.05 11.19
449.85 450.15 0.30 9.43
463.30 463.90 0.60 2.78
465.85 466.25 0.40 1.44
470.70 472.70 2.00 68.28
inc: 471.30 471.60 0.30 437.10
489.05 489.40 0.35 1.22
AUDD0201 703,640 5,709,032 352 180 55 249 29.70 30.00 0.30 6.12
64.50 66.40 1.90 3.37
133.00 133.90 0.90 2.61
192.10 196.70 4.60 2.74
232.90 233.25 0.35 1.23
AUDD0202 704,920 5,711,393 339 180 65 694 429.60 431.15 1.55 3.66 Partial Assay
460.00 461.05 1.05 1.36
498.40 499.00 0.60 2.09
648.75 649.45 0.70 1.59
653.05 653.40 0.35 3.78
666.30 671.00 4.20 1.05

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From To Width Assay Comment
(m) (m) (m) (m) g/t Au
AUDD0203 704,640 5,710,000 347 145 65 165 78.30 80.10 1.80 1.61 Partial Assay
AUDD0204 704,640 5,710,000 347 195 75 145 107.10 107.50 0.40 1.04
112.90 113.20 0.30 1.15
115.20 115.65 0.45 1.57
116.60 116.90 0.30 2.36
AUDD0205 703,958 5,709,804 342 145 60 264 Awaiting Assay
AUDD0206 703,688 5,709,031 352 180 55 261 Awaiting Assay
AUDD0207 704,623 5,710,770 341 160 55 483 Awaiting Assay
AUDD0208 703,740 5,709,055 352 180 55 258 Awaiting Assay
AUDD0209 704,343 5,710,965 339 165 68 801 Awaiting Assay
AUDD0210 704,226 5,710,554 342 160 65 645 Awaiting Assay
AUDD0211 704,694 5,710,407 343 180 65 387 Awaiting Assay
AUDD0212 704,294 5,709,580 350 240 55 111 Awaiting Assay
AUDD0213 704,349 5,710,467 344 160 55 471 Awaiting Assay
AUDD0214 705,308 5,710,898 344 260 65 600 18.65 21.00 2.35 9.90 Partial Assay
AUDD0215 704,269 5,710,478 343 160 55 537 Awaiting Assay
AUDD0216 704,332 5,710,525 343 160 55 531 Awaiting Assay
AUDD0217 705,308 5,710,898 344 260 77 624 Awaiting Assay
AUDD0218 704,512 5,710,885 340 160 65 712 Awaiting Assay
AUDD0219 704,482 5,710,961 339 162 62 822 Awaiting Assay
AUDD0220 703,965 5,709,717 342 175 65 382 340.70 360.15 19.45 3.25 Partial Assay
AUDD0221 705,308 5,710,898 344 280 65 528 Awaiting Assay
AUDD0222 705,308 5,710,898 344 284 70 522 Awaiting Assay
AUDD0223 704,381 5,709,744 350 300 60 372 289 Awaiting Assay
AUDD0224 704,073 5,709,640 349 140 65 235 180 Awaiting Assay
AUDD0225 703,509 5,709,006 351 180 45 305 300 Awaiting Assay
AUDD0226 704,287 5,710,585 342 160 60 644 Awaiting Assay
AUDD0227 705,308 5,710,898 344 289 75 690 Awaiting Assay
AUDD0228 703,509 5,709,006 351 180 60 306 Awaiting Assay
AUDD0229 704,431 5,709,686 350 300 58 462 93.35 94.30 0.95 7.06 Partial Assay
246.40 248.50 2.10 31.84

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APPENDIX B - JORC CODE, 2012 EDITION

Table 1 – JORC Code 2012 Edition

Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Sampling techniques Nature and quality of sampling (eg cut Drilling since 2008, quoted with PC- prefix is from PC
channels, random chips, or specific Gold exploration with NQ diameter (47.6mm) drill core
specialised industry standard was recovered from drilling. Noramco drilling, CP- prefix
measurement tools appropriate to the is BQ diameter (36.5mm). All other quoted intercepts and
minerals under investigation, such as the bulk of historical drilling data is of NQ diameter
down hole gamma sondes, or handheld including Auteco drilling subject to this release (prefix
XRF instruments, etc). These examples AUDD**).
should not be taken as limiting the The core was sawn in half following a sample cutting line
broad meaning of sampling. determined by geologists during logging and submitted
Include reference to measures taken to for analysis on nominal 1m (1ft for historical drillholes)
ensure sample representivity and the intervals or defined by geological boundaries determined
appropriate calibration of any by the logging geologist.
measurement tools or systems used. Samples from PC Gold holes (PC- prefix) post 2008 were
Aspects of the determination of submitted to ALS Chemex in Thunder Bay and North
mineralisation that are Material to the Vancouver for analysis. Samples were prepared for
Public Report. analysis using a jaw crusher which was cleaned with a
In cases where ‘industry standard’ work silica abrasive between samples resulting in 90% of the
has been done this would be relatively sample passing through an 8 mesh screen. A split of the
simple (eg ‘reverse circulation drilling crushed sample weighing 1000g was then pulverised to
was used to obtain 1m samples from 90% passing a 150 mesh screen. Sample pulps were
which 3 kg was pulverised to produce a analysed for gold by Fire Assay using 50g sample charge
30 g charge for fire assay’). In other with atomic absorption spectroscopy (AAS) finish. If the
cases, more explanation may be returned assay result was equal to or greater than 5g/t
required, such as where there is coarse then the sample was reassayed by Fire Assay with a
gold that has inherent sampling gravimetric finish. Samples from historical diamond
problems. Unusual commodities or drilling programs conducted between 1981 and 2008
mineralisation types (eg submarine were dispatched to a variety of accredited laboratories in
nodules) may warrant disclosure of Canada for Fire Assay analysis. Historical drill results
detailed information. prior to 1981are Fire Assay conducted by unknown
laboratories (most likely the mine laboratory during the
operational life of the Pickle Crow Mine) and with
unknown preparation methods and assay charge,
however previous operators have duplicated and verified
results. Recent sampling by Auteco minerals on drill
holes subject to this release (prefix AUDD**) were
submitted to AGAT Laboratories, Thunder Bay for
analysis. Auteco samples undergo the same preparation
and analysis techniques previously used for PC Gold.
All samples >10g/t gold and samples collected from PC
gold drilling (PC- prefix) suspected of nugget gold were
additionally sent for pulp metallics analysis.
For a more complete discussion of historical sampling
techniques see document ‘Updated Mineral Resource
Estimate for the Pickle Crow Property, Patricia Mining
Division, Northwestern Ontario, Canada’ NI-43-101 dated
15 June 2018 and available from System for Electronic
Document Analysis and Retrieval (www.sedar.com) for
First MiningInc.
Drilling techniques Drill type (eg core, reverse circulation, Drilling quoted with PC- prefix is from PC Gold
open-hole hammer, rotary air blast, exploration with NQ diameter (47.6mm) drill core was
auger, Bangka, sonic, etc) and details recovered from drilling. Noramco drilling, CP- prefix is
(eg core diameter, triple or standard BQ diameter (36.5mm). All other drilling is NQ diameter
tube, depth of diamond tails, face- including Auteco drilling subject to this release (prefix
sampling bit or other type, whether AUDD**).

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
core is oriented and if so, by what
method,etc).
Drill sample recovery Method of recording and assessing All drilling quoted is NQ diamond core (including Auteco
core and chip sample recoveries and drilling subject to this release -prefix AUDD**) with the
results assessed. exception of Noramco drillholes (CP- prefix). RQD was
Measures taken to maximise sample recorded for all diamond drilling as per industry
recovery and ensure representative standard. A review of the available diamond drill core
nature of the samples. RQD’s from the Pickle Crow project (PC- prefix and
Whether a relationship exists between recently completed Auteco drilling - AUDD* prefix)
sample recovery and grade and indicated that nearly all of the holes produced excellent
whether sample bias may have recoveries with an average of >90%. For drilling
occurred due to preferential loss/gain conducted by other operators recoveries are unknown
of fine/coarse material. although reports do not highlight significant core loss.
A review of RQD results does not highlight a relationship
between sample recovery and grade or highlight any
sample bias due to loss of material.
Logging Whether core and chip samples have All PC Gold and Auteco samples (PC- and AUDD* hole
been geologically and geotechnically prefix) were geologically logged. Lithology, veining,
logged to a level of detail to support alteration, mineralisation and weathering are all recorded
appropriate Mineral Resource in the geology table of the drill hole database. Other
estimation, mining studies and historical drillholes have been similarly logged and
metallurgical studies. records have been digitised from report format.
Whether logging is qualitative or Geological logging of Diamond Core samples is
quantitative in nature. Core (or costean, qualitative and descriptive in nature.
channel, etc) photography. All holes quoted have been logged in their entirety.
The total length and percentage of the
relevant intersections logged.
Sub-sampling techniques and If core, whether cut or sawn and All drilling quoted from PC Gold and Auteco exploration
sample preparation whether quarter, half or all core taken. (PC-and AUDD* hole prefix) is.NQ diameter (47.6mm)
If non-core, whether riffled, tube drill core recovered from drilling. All other quoted
sampled, rotary split, etc and whether intercepts are NQ diameter with the exception of
sampled wet or dry. Noramco drilling (CP- Prefix) which is BQ (36.5mm)
For all sample types, the nature, quality diameter. The core was sawn in half following a sample
and appropriateness of the sample cutting line determined by geologists during logging and
preparation technique. submitted for analysis on nominal 1m (or 1ft) intervals or
Quality control procedures adopted for defined by geological boundaries determined by the
all sub-sampling stages to maximise logging geologist.
representivity of samples. This sampling technique is industry standard and
Measures taken to ensure that the deemed appropriate.
sampling is representative of the in-situ PC Gold QA/QC protocols include the use of crush
material collected, including for duplicates, ¼ core field duplicates, the insertion of
instance results for field certified reference materials (CRM’s) including low,
duplicate/second-half sampling. medium and high-grade standards and coarse blanks.
Whether sample sizes are appropriate This was accomplished by inserting the QA/QC samples
to the grain size of the material being sequentially in the drill core sample numbering system.
sampled. One set of the four QA/QC types were inserted every 30
samples consisting of 1 crush duplicate, 1 ¼ split field
duplicate, 1 CRM (altering between low, medium and
high standard) and 1 blank. This resulted in
approximately every seventh sample being a QA/QC
sample. Auteco minerals (AUDD* prefix holes) follows
the same QA/QC protocols but with CRM’s and
duplicates inserted every 25 samples. QAQC procedures
are not disclosed in previous reporting but results are
consistent with visual observations of mineralisation as
recorded in the geological logs and qualitative
proportions of logged veining and sulphide content. Post-
Mining Pickle Crow Property operators employed the
usual in-laboratory blanks, standards and duplicate
analyses to ensure precision and accuracy of results.
Whist there is no documentation available for earlier

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
results sample duplicate verification has been
conducted.
Sample size is deemed industry standard for Orogenic
Gold deposits.
For a more complete discussion of historical sampling
techniques and sample preparation see document
‘Updated Mineral Resource Estimate for the Pickle Crow
Property, Patricia Mining Division, Northwestern Ontario,
Canada’ NI-43-101 dated 15 June 2018 and available
from System for Electronic Document Analysis and
Retrieval(www.sedar.com)for First MiningInc.
Quality of assay data and The nature, quality and appropriateness
Samples were submitted to ALS Chemex in Thunder Bay
laboratory tests of the assaying and laboratory and North Vancouver for analysis. Samples were
procedures used and whether the prepared for analysis using a jaw crusher which was
technique is considered partial or total. cleaned with a silica abrasive between samples resulting
For geophysical tools, spectrometers, in 90% of the sample passing through an 8 mesh screen.
handheld XRF instruments, etc, the A split of the crushed sample weighing 1000g was then
parameters used in determining the pulverised to 90% passing a 150 mesh screen. Sample
analysis including instrument make and pulps were analysed for gold by Fire Assay using 50g
model, reading times, calibrations sample charge with atomic absorption spectroscopy
factors applied and their derivation, etc. (AAS) finish. If the returned assay result was equal to or
Nature of quality control procedures greater than 5g/t then the sample was reassayed by Fire
adopted (eg standards, blanks, Assay with a gravimetric finish. . Samples from historical
duplicates, external laboratory checks) diamond drilling programs conducted between 1981 and
and whether acceptable levels of 2008 were dispatched to a variety of accredited
accuracy (i.e. lack of bias) and laboratories in Canada for Fire Assay analysis. Historical
precision have been established. drill results prior to 1981are Fire Assay conducted by
unknown laboratories (most likely the mine laboratory
during the operational life of the Pickle Crow Mine) and
with unknown preparation methods and assay charge,
however previous operators have duplicated and verified
results. Recent sampling by Auteco minerals on drill
holes subject to this release (prefix AUDD**) were
submitted to AGAT Laboratories, Thunder Bay for
analysis. Auteco samples undergo the same preparation
and analysis techniques previously used for PC Gold.
In addition to the Company QAQC samples (described
earlier) included within the batch the laboratory included
its own CRM’s (Certified Reference Materials), blanks
and duplicates.
Sample assay results continue to be evaluated through
control charts, log sheets, sample logbook and signed
assay certificates to determine the nature of any
anomalies or failures and failures were re-assayed at the
laboratory. Check assaying was also conducted on 1 in
every 20 samples. QAQC protocols are unknown for
historical drill programs (without the PC- hole prefix).
QA/QC work is industry standard and acceptable levels
of accuracy and precision have been established.
For a more complete discussion of QA/QC techniques
and levels of accuracy obtained from historical sampling
see document ‘Updated Mineral Resource Estimate for
the Pickle Crow Property, Patricia Mining Division,
Northwestern Ontario, Canada’ NI-43-101 dated 15 June
2018 and available from System for Electronic Document
Analysis and Retrieval (www.sedar.com) for First Mining
Inc.
Verification of sampling and The verification of significant Historical significant intersections quoted have been
assaying intersections by either independent or verified by Independent Geological Consultants Micon
alternative company personnel. International Limited. For more details see document
The use of twinned holes. ‘Updated Mineral Resource Estimate for the Pickle Crow
Property,Patricia MiningDivision,Northwestern Ontario,

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Documentation of primary data, data Canada’ NI-43-101 dated 15 June 2018 and available
entry procedures, data verification, data from System for Electronic Document Analysis and
storage (physical and electronic) Retrieval (www.sedar.com) for First Mining Inc.
protocols. There are no twinned holes in the dataset but a
Discuss any adjustment to assay data. comparison of the results of different drilling generations
showed that results were comparable. In addition
previous operators have duplicated and verified results
by re-sampling historical core. For more details see
document ‘Updated Mineral Resource Estimate for the
Pickle Crow Property, Patricia Mining Division,
Northwestern Ontario, Canada’ NI-43-101 dated 15 June
2018 and available from System for Electronic Document
Analysis and Retrieval (www.sedar.com) for First Mining
Inc.
For PC Gold drilling (PC- prefix), once all logging data
was completed, core marked up, logging and sampling
data was entered directly into the Gems Logger program
(an MS Access-based database and stored on the onsite
server. At approximately weekly intervals the server
onsite was synchronised with the main server in Thunder
Bay. Only one individual was responsible for
synchronising the field and office databases. Auteco
records new drilling data in Excel spreadsheet format
synchronized with the Auteco server in Perth, Australia.
No adjustments were made to assay data but the
procedure to determine which gold assay to enter into
the database is as follows. If a pulp metallic assay was
performed it was used. If a pulp metallic assay was not
performed, then a gravimetric assay was used. If a
gravimetric assay was not performed, then the AAS
assay was used. If re-assays were preformed then the
first analysis was used unless a QA/QC investigation
proved that the first assay was suspect, in which case the
second analysis was then used. For more details of
historical procedures see document ‘Updated Mineral
Resource Estimate for the Pickle Crow Property, Patricia
Mining Division, Northwestern Ontario, Canada’ NI-43-
101 dated 15 June 2018 and available from System for
Electronic Document Analysis and Retrieval
(www.sedar.com) for First Mining Inc. For all drilling not
conducted by PC Gold (without the PC- hole prefix) no
adjustments were made to the data.
Location of data points Accuracy and quality of surveys used to
Upon completion of PC Gold drillholes collars (PC Gold
locate drill holes (collar and down-hole prefix) were surveyed by third party contractors Delta
surveys), trenches, mine workings and Surveying and J.D.Barnes of Thunder Bay to with +/- 1m
other locations used in Mineral using an SX Blue. For all other drilling hole collars were
Resource estimation. converted from local grids or digitised from
Specification of the grid system used. georeferenced maps. Where possible these historical
Quality and adequacy of topographic surface drillholes have been re-located, surveyed and
control. verified in the field. Drillhole locations are also recorded
by the Ontario Ministry of Northern Development and
Mines in freely available GIS datasets. Auteco drilling
(AUDD* prefix) has been surveyed with a hand-held GPS
to an accuracy of less than 3m.
A variety of down hole survey tools have been used on
the property. All holes were surveyed at 50m intervals
while drilling using an EZY Shot magnetic compass
based tool supplied by the drillers. In conjunction with
this, all holes were surveyed after completion with a non-
magnetic down-hole instrument. A variety of tools were
trialed including Maxibore tool provided by Reflex
Instruments,a Devifelx tool operated byTECH

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Directional services and an SPT North Seeking Gyro. For
Auteco drilling subject to this release down hole surveys
have been conducted by a REFLEX North Seeking Gyro.
For further historical details of survey reproducibility and
tools used please refer to document ‘Updated Mineral
Resource Estimate for the Pickle Crow Property, Patricia
Mining Division, Northwestern Ontario, Canada’ NI-43-
101 dated 15 June 2018 and available from System for
Electronic Document Analysis and Retrieval
(www.sedar.com) for First Mining Inc. For all drilling not
conducted by PC Gold (lacking the PC- prefix) surveys
were conducted during drilling with hole orientation
recorded by the geologist in the field. Downhole surveys
of dip are recorded by azimuths away from the collar are
generally lacking.
All location data is in UTM grid (NAD83 Zone 15) except
where noted.
Topographic Control for PC Gold and Auteco drilling
(PC- and AUDD* prefix) is from a DTM created
generated from a LIDAR survey completed in 2008 and
are to an accuracy of <1m and verified by drill collar
surveys. For all other collar data elevation was estimated
from contours provided from SRTM. Topographic control
for underground drillhole collars has been digitised from
level plans or converted from mine grids. All surface
collars have now been projected to a DTM generated
from a LIDAR survey completed in 2008 and are to an
accuracy of <1m.
Data spacing and distribution Data spacing for reporting of Due to the nature of mineralisation the hole spacing is
Exploration Results. highly variable and of a progressive exploration in nature.
Whether the data spacing, and Data spacing is considered sufficient to establish
distribution is sufficient to establish the geological and grade continuities for mineral resource
degree of geological and grade estimation at the Inferred Category
continuity appropriate for the Mineral No sample compositing was applied.
Resource and Ore Reserve estimation
procedure(s) and classifications
applied.
Whether sample compositing has been
applied.
Orientation of data in relation Whether the orientation of sampling Drill hole orientations were designed to test
to geological structure achieves unbiased sampling of possible perpendicular or sub-perpendicular to the orientation of
structures and the extent to which this the intersected mineralisation. Drilling was typically
is known, considering the deposit type. oriented perpendicular to the trend of geophysical
If the relationship between the drilling anomalism and the mapped strike and dip of observed
orientation and the orientation of key mineralisation on surface and elsewhere in the project
mineralised structures is considered to area.
have introduced a sampling bias, this Due to the density of drilling and the orientation of drilling
should be assessed and reported if perpendicular to mineralized bodies there is limited bias
material. introduced bydrillhole orientation.
Sample security The measures taken to ensure sample For PC Gold and Auteco drilling (PC- and AUDD* prefix),
security. once the core samples are cut, bagged and sealed with
zip ties, ten samples are put into rice bags which are
sealed and secured with numbered security tags. Once
samples arrive at the laboratory the security tags and
corresponding samples were verified against onsite logs.
Prior to shipment samples are stored in a locked building
onsite. Site is always occupied, and no samples are left
at the project during field breaks. For all other drillholes
the measures taken to ensure sample security are
unknown.

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  • Criteria JORC Code explanation Commentary Audits or reviews • The results of any audits or reviews of • An audit and review of sampling techniques and data sampling techniques and data. was conducted as part of NI-43-101 resource estimation by Independent Consultants Micon International in 2018. Please refer to document ‘Updated Mineral Resource Estimate for the Pickle Crow Property, Patricia Mining Division, Northwestern Ontario, Canada’ NI-43-101 dated 15 June 2018 and available from System for Electronic Document Analysis and Retrieval (www.sedar.com) for First Mining Inc.

  • • An additional audit and review of sampling techniques and data was conducted by Cube Consulting as part of the Resource Estimation subject to this release and consisted of an audit of QAQC data from previous operators PC Gold Inc. (2011-2017).

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

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Mineral tenement and land Type, reference name/number, location
The mineral concessions of the Pickle Crow project
tenure status and ownership including agreements or consist of 106 patented mining claims covering 1,712ha
material issues with third parties such and 88 contiguous, unpatented claims covering
as joint ventures, partnerships, approximately 14,048ha. Of the 106 patented claims 98
overriding royalties, native title (the Pickle Crow Lease) are held in the name of Teck
interests, historical sites, wilderness or Cominco Limited (Teck) and 8 are held in the name of
national park and environmental PC Gold. The unpatented claims are held in the name of
settings. PC gold. PC Gold has a lease on the 98 patented claims
The security of the tenure held at the held by Teck which expires in 2067. These leasehold
time of reporting along with any known claims are subject to two net smelter return (NSR)
impediments to obtaining a license to royalties totaling 1.25%. The other 8 patented claims (the
operate in the area. Crowshore Patents), plus certain unpatented claims are
subject to NSR royalties ranging from 2% to 3%. A full list
of tenements along with details of relevant NSR’s as they
pertain to individual properties is given in Auteco ASX
releases dated: 28/01/2020 and 17/02/2020. An
additional 600 claims were staked by Auteco subsidiary,
Revel Resource (JV) Ltd. and are subject to the terms of
the Earn-In-Arrangement.
Auteco has entered into a binding term sheet agreement
to acquire up to 80% of the Pickle Crow Gold Project
from First Mining. A payment of C$50,000 has been
made to First Mining. Subject to the completion of a
formal agreement, the consideration for acquisition of the
assets are as follows: Upon signing a formal agreement:
A further C$50,000 and 25,000,000 Shares in the capital
of Auteco at a deemed issue price of A$0.008 per share.
Stage 1 Earn-In (51%): Spending C$5,000,000 over three
years comprising: Spending C$750,000 within a 12-
month period ('Expenditure Payment 1'): and Spending
C$4,250,000 within a 24-month period after Expenditure
Payment 1 is satisfied; and Subject to shareholder
approval by Auteco, issuing to First Mining 100,000,000
Shares in Auteco. (together 'Stage 1 earn in'). Stage 2
Earn-In (a further 19%): Expending exploration
expenditure in the 24-month period commencing on the
date that Auteco satisfies the Stage 1 Earn-in of
C$5,000,000 ('Expenditure Payment 3'); and Within 90
days of completing expenditure Payment 3, making a
cash payment to Seller in the amount of C$1,000,000
('Expenditure Payment 4'), (together the 'Stage 2 Earn

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
In'). Also, Buy In: May buy a further 10% interest by
paying C$3,000,000 to First Mining; and a 2% Net
Smelter Return granted after the Stage 2 Earn-In. Further
details are included in ASX release (17/02/2020).
For a more complete discussion of 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 relating to the Pickle Crow
Project please refer to document ‘Updated Mineral
Resource Estimate for the Pickle Crow Property, Patricia
Mining Division, Northwestern Ontario, Canada’ NI-43-
101 dated 15 June 2018 and available from System for
Electronic Document Analysis and Retrieval
(www.sedar.com)for First MiningInc.
Exploration done by other Acknowledgment and appraisal of The first government survey of the area was performed
parties exploration by other parties. by William McInnes of the Geological Survey of Canada
(GSC) along the Crow River from 1903 to 1905.
Prospecting in the Pickle Lake area commenced in 1926.
In 1927, Lois Cohen of Haileybury formed a prospecting
group and early that winter sent Alex and Murdock
Mosher in to stake the first claims (December 1927) on
what ultimately became the Central Patricia Gold Mines
property. These claims were optioned by F.M Connell
and Associates in August 1928 and Central Patricia Gold
Mines Limited was incorporated on 19 February, 1929.
Diamond drilling commenced at Central Patricia in
February 1929 and production in March 1930. The
Central Patricia discovery paved the way from
exploration in the region which led to the discovery and
initial drilling (1929) of the first Pickle Crow orebody the
No.1 Vein by Northern Aerial Mineral Exploration Limited,
a company set up in 1928 by J.E. (Jack) Hammell. In
1929 gold was also discovered by Albany River Miners
Ltd. (Albany River) at the No.16 vein on the Albany River
claims to the east of the then Pickle Crow property.
Northern Aerial was acquired by Pickle Crow Gold Mines
Limited (PCGM) in 1934 with Jack Hammell continuing
as president. Production from the Pickle Crow mine
began on 17 April, 1935. Albany river sank the Albany
shaft to a depth of 190m between 1933 and 1938 and
completed extensive underground development. Winoga
Patricia Gold Mines was created in 1936 and drilled 73
surface diamond drill holes on a pie-shaped property
located between PCGM’s holdings and the Albany River
Mines ground to the east. A mine shaft was subsequently
sunk on the property in 1938. That same year, PCGM
took over ownership of both Albany River Mines and
Winoga Patricia Gold Mines through a new company
called Albany River Gold Mines Ltd. It is believed that the
Winoga Patricia Gold Mines shaft later became the No.3
Shaft of the Pickle Crow operation. The Cohen-
MacArthur zone, located 2km to the north of the
developing Pickle Crow mine, was discovered in 1933. A
total of 14 surface diamond holes were drilled at Cohen-
MacArthur in the winter of 1936. This property was
optioned by PCGM in 1938, With the acquisition of the
Cohen-MacArthur claims, PCGM became one of the
largest land holders in the Pickle Lake area. The GSC
completed a regional synthesis of the Pickle Crow
Greenstone belt duringthisperiod as well. Ground and

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
airborne geophysical surveys have been completed over
all or parts of the Pickle Crow property at various times
during its early history. A dip-needle survey completed in
1936 on the Pickle Crow property was useful in tracing
out the bands of the iron formation. A detailed magnetic
survey was carried out over the property by Teck (or its
predecessor companies) around 1960. The property
then underwent a series of ownerships until it became
wholly owned by Teck in 1971. The property then sat
dormant until 1973 when Pickle Crow Exploration Ltd.
Reviewed the economics of reopening the mine. In 1978,
a merger between Pickle Crow Explorations Ltd. And
four other companies saw Teck’s ownership reduced to
44.6% and a new exploration company called Highland-
Crow Resources Ltd. Highland Crow went on to option
the property to Galant Gold Mines Limited in 1979.
Gallant performed a VLF_EM geophysical survey and
drilled 47 surface diamond drill holes for 7,356m. The
only known soil geochemical survey done on the Pickle
Crow property was completed for Gallant in 1983. Soil
values ranged from 10 to 12,000ppb with the high values
attributed to mine tailings and cultural anomalies. In 1983
the property returned to Highland-Crow. Noramco
Mining Corp. bought Highland-Crow in 1988. Between
1985 and 1987 Highland-Crow completed line-cutting,
magnetometer and IP, geophysical surveying, geological
mapping, surface trenching, diamond drilling and
environmental baseline studies. Noramco drilled surface
exploration holes, completed geophysical surveys and
commenced dewatering of the No.1 shaft. Noramco
drilled 286 surface diamond drill holes for 46,189m and
79 underground holes for 9,341m. Noramco also
commissioned Historic (non-compliant) Resource
Estimates. In 1994 Noramco changed its name to Quest
Capital. Quest assigned its interest to Pickle Crow
Resources Inc. A total of 4 surface diamond drill holes for
2,287m were completed. Quest then sold its interest to
Wolfden Resource Inc who entered into an option
agreement with Jonpol Explorations Ltd. Who drilled 18
surface diamond holes for 2,173.5m. Wolfden also
entered into a surface mining agreement with Cantera
Mining Limited in 2000. Canterra commenced building a
225tpd gravity mill on site in 2002 but was placed into
receivership in 2004. In 2006 Wolfden transferred Pickle
Crow to Premier Gold Mines Ltd. Before the property
was sold to PC Gold in 2007. PC Gold then explored the
property completing 184 holes for 62,968m by 2011 and
173 holes for 35,840.4m from 2011 to 2014 before
commissioning an NI-43-101 compliant Resource
Estimate. For further details please refer to document
‘Updated Mineral Resource Estimate for the Pickle Crow
Property, Patricia Mining Division, Northwestern Ontario,
Canada’ NI-43-101 dated 15 June 2018 and available
from System for Electronic Document Analysis and
Retrieval(www.sedar.com)for First MiningInc.
Geology Deposit type, geological setting and The Pickle Crow Gold Deposit is considered to be an
style of mineralisation. Archean low-sulphide gold-quartz vein type deposit, also
known as shear-hosted gold, Archean quartz-carbonate
vein gold deposits, Archean lode gold, Archean
mesothermal gold deposits or simply orogenic gold. The
deposit occurs primarily within mafic volcanics and
banded iron formation(BIF)units in the Pickle Crow

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
assemblage of the Pickle Lake Greenstone belt in the
Uchi Lake Subprovince of the Superior Craton of the
Canadian Shield.
Drill hole Information A summary of all information material to
Refer to Appendix A in ASX release 28/01/2020 and
the understanding of the exploration 26/03/2020 as well as the current release for drill hole
results including a tabulation of the information for all reported drill holes for this JORC 2012
following information for all Material drill Table 1 and in accordance with ASX listing rule 5.7.2.
holes:
o
easting and northing of the drill hole
collar
o
elevation or RL (Reduced Level –
elevation above sea level in meters)
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 whythis is the case.
Data aggregation methods In reporting Exploration Results, All drill hole intersections are reported above a lower cut-
weighting averaging techniques, off grade of 0.5g/t Gold or 1g/t as indicated, with no
maximum and/or minimum grade upper cut off grade has been applied. A maximum of 1m
truncations (eg cutting of high grades) internal waste was allowed. Tabulated results are
and cut-off grades are usually Material presented in ASX announcements 28/01/2020,
and should be stated. 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020,
Where aggregate intercepts 19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021,
incorporate short lengths of high-grade 02/08/2021 and Appendix A of this release)
results and longer lengths of low-grade Metal equivalent values are not used
results, the procedure used for such
aggregation should be stated and some
typical examples of such aggregations
should be shown in detail.
The assumptions used for any reporting
of metal equivalent values should be
clearlystated.
Relationship between These relationships are particularly All intersections reported in the body of this release are
mineralisation widths and important in the reporting of Exploration down hole
intercept lengths Results. The majority of the drill holes are drilled as close to
If the geometry of the mineralisation orthogonal to the plane of the mineralized lodes as
with respect to the drill hole angle is possible. A number of drill holes have intersected the
known, its nature should be reported. mineralisation at high angles.
If it is not known and only the down Only down hole lengths are reported.
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 Maps and sections are included in the body of this
scales) and tabulations of intercepts release as deemed appropriate by the competent
should be included for any significant person.
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 Any significant higher-grade zones in historical drilling
Exploration Results is not practicable, quoted in this release have been reported in ASX
representative reportingof both low

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
and high grades and/or widths should announcements 28/01/2020, 26/03/2020 and Appendix A
be practiced to avoid misleading of this release)
reporting of Exploration Results. All results above 0.5g/t lower cut-off or 1g/t quoted in this
release have been reported in ASX announcements
28/01/2020, 26/03/2020, 29/06/2020, 01/09/2020,
11/11/2020, 19/01/2021, 07/04/2021, 16/06/2021,
15/07/2021, 02/08/2021, 5/10/2021 and Appendix A of
this release)
Other substantive exploration Other exploration data, if meaningful Appropriate plans are included in the body of this
data and material, should be reported release.
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.
Further work The nature and scale of planned further
Auteco Minerals Limited is currently conducting drill
work (e.g. tests for lateral extensions or testing of additional lodes as well as step out and infill
depth extensions or large-scale step- drilling of existing lodes to further enhance the resources
out drilling). quoted in this release. More information is presented in
Diagrams clearly highlighting the areas the body of this report.
of possible extensions, including the Diagrams in the main body of this release show areas of
main geological interpretations and possible resource extension on existing lodes. The
future drilling areas, provided this company continues to identify and assess multiple other
information is not commercially target areas within the property boundary for additional
sensitive. resources.

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