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FireFly Metals Ltd. Capital/Financing Update 2022

Oct 10, 2022

48548_rns_2022-10-10_b680a802-c509-4374-8340-ac414ce17721.pdf

Capital/Financing Update

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ASX: AUT 11 October 2022

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ASX ANNOUNCEMENT

Pickle Crow Gold Project, Canada

Sampling returns results up to 569g/t just 6km from 2.2Moz Resource

Bonanza results highlight potential for a large regional inventory, with numerous targets to be drilled in coming months; Resource update set for early 2023

KEY POINTS

  • Exceptional exploration results continue to demonstrate the immense potential to expand the 2.23Moz at 7.8 g/t Inferred gold Resource at Pickle Crow

DISTRICT-SCALE POTENTIAL

  • Sampling of outcropping veins at the Metcalf prospect returned highly significant results, including assays of 569.0g/t, 35.5g/t, 27.4g/t and 9.0g/t gold.

  • The Metcalf prospect is located on the Tarp Lake shear ~6km north-west of the current 2.23Moz Resource

  • Drilling to start this quarter at Metcalf and other regional targets

NEAR-MINE DRILLING

  • Drilling at Pickle Crow continues to yield strong results that point to significant growth in the 2.23Moz Resource. Key results include:

  • 0.4m @ 91.0 g/t gold from 149.0m AUDD0319 (Vein Hosted)

  • 0.4m @ 32.2 g/t gold from 30.4m AUDD0327 (Vein Hosted)

  • 0.5m @ 23.6 g/t gold from 784.3m AUDD0290 (Vein Hosted)

  • 1.5m @ 20.2 g/t gold from 488.0m AUDD0298 (BIF Hosted)

  • 1.8m @ 8.3 g/t gold from 50.7m AUDD0330 (Vein Hosted)

  • 2.2m @ 5.5 g/t gold from 371.0m AUDD0294 (BIF Hosted)

  • 5.0m @ 1.9 g/t gold from 294.0m AUDD0286 (BIF Hosted)

  • 8.0m @ 1.8 g/t gold from 245.0m AUDD0281 (BIF Hosted)

  • Step-out drilling is in progress at the Tyson veins with results expected imminently

  • AuTECO remains well funded for its exploration programs, with A$17.4M in cash and receivables at 30 June 2022

AuTECO Minerals Ltd (AUT:ASX) is pleased to report exceptional sampling results just 6km form the 2.23Moz Resource at the Pickle Crow gold project in Ontario, Canada.

The results are considered particularly important because they demonstrate the scope to increase the Resource based on regional discoveries as well as ongoing near-mine exploration.

Ray Shorrocks - Executive Chairman ASX: AUT ACN: 110 336 733 Michael Naylor - Non-Executive Director Principal and Registered Office: Stephen Parsons - Non-Executive Director T: +61 8 9220 9030 Ground Floor Darren Cooke - Chief Executive Officer E: [email protected] 24 Outram Street William Nguyen - CFO & Joint Company Secretary W: www.autecominerals.com West Perth WA 6005 Maddison Cramer - Joint Company Secretary

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A 50,000-metre drill campaign is in progress and anticipated to conclude in early 2023. AuTECO intends to continue the dual focus on both in-mine Resource expansion at Pickle Crow and regional discovery that will provide the next generation of Resource growth for the company.

AuTECO Chief Executive Officer Darren Cooke said:

“These results provide strong evidence to support our view that we have an entire mineral district, which includes the Pickle Crow deposit.

“We will drill these outstanding regional targets over coming months as part of our strategy to continue growing the inventory, with a Resource update set for early 2023.

“AuTECO is fully funded to continue the exploration and growth campaign with two rigs planned to drill for the remainder of 2022”.

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Summary map showing AuTECO tenure with recent and historical drilling intersections relative to the current Resource and the historic Pickle Crow mine. Also noted are the location of surface samples reported in this release. Please refer to ASX release dated 26 March 2020 for further details on historical intersections.

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Details of Latest Results:

This release contains results from both near-mine and regional exploration activities. All work conducted has been outside of the current 2.23Moz at 7.8 g/t Inferred gold Resource (see ASX announcement dated 15 February 2022 for details).

AuTECO manages ~500km[2] of tenure in the Pickle Lake district. The company continues to pursue a dual track strategy of advancing both the near-mine Resource growth and regional exploration concurrently.

Regional Exploration Results

Regional exploration activities in recent months have focused on regional mapping, sampling and target generation. Due to climatic conditions and snow covering the surface, the field mapping season is between April and October.

Summer Seasonal Field Activities

Extensive mapping and sampling campaigns have been undertaken on the 500km[2] of exploration tenure, with a focus on the Tarp Lake and Cohen MacArthur shear zones. Numerous previously unknown veins structures have been identified. Rock chip sampling of veins has yielded highly anomalous results (Figure 1).

The Metcalf target, located on the Tarp Lake Shear returned rock chip results including 569.0g/t, 27.4g/t and 9.0g/t gold. This surface vein expression confirms the presence of a significant vein system, with historical drill intersections including 1.8m @ 66.9g/t and 1.8m @ 28.5g/t gold.

Approximately 3km south of Metcalf on the Tarp Lake shear, a rock chip sample of 35.5g/t gold was collected from an outcropping vein. These results confirm that the Tarp Lake Shear is a major regional gold bearing structure with strong potential for a significant discovery.

Other areas mapped and sampled include Cohen MacArthur target, with anomalous rock chips of up to 3.8g/t gold returned.

Preparations are in progress to drill test both the Metcalf, Tarp Lake and Cohen MacArthur propsects during the winter drill campaign.

Geophysical Data Acquisition

Lease wide collection of magnetic data is in progress over the entire 500km[2] of exploration tenure under management by AuTECO. Helicopter based acquisition is being flown conducted at 100 metre line spacing over the regional areas and 50 metre spacing near the main Pickle Crow deposit. Although ~60% complete, preliminary imaging shows a marked improvement in comparison to the existing data set (Figure 2).

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Figure 1: Map showing the location and key results of rock chip samples collected in August September 2022

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Figure 2: Progress to date of the lease-wide heli mag geophysical acquisition (in progress). Results to date show numerous geological targets in addition to refinement of the geological interpretation

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Near-Mine Results

Drilling has continued to focus on Resource growth potential in the historic Shaft 1 and Shaft 3 areas of Pickle Crow (Figure 3).

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Figure 3: Summary map showing AuTECO near mine drilling intersections. Please note that results from this release are highlighted in beige.

Recent drilling focused on extensions to the Vein 5 vein structure. Historically, more than 200,000 ounces of gold was extracted from the high-grade vein, with the continuous structure averaging approximately 0.5 metres in width. The recent AuTECO drilling has successfully demonstrated the vein continues along strike beyond the extents of historical mining. Significant intersections include: o 0.4m @ 91.0 g/t gold from 149.0m AUDD0319

  • 0.4m @ 32.2 g/t gold from 30.4m AUDD0327

  • 1.8m @ 8.3 g/t gold from 50.7m AUDD0330

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Near-mine exploration drilling has been conducted to test for mineralisation hosted in banded iron formation (BIF). Mineralisation within the BIF occurs in veins surrounded by a gold-bearing sulphide halo. The widths observed in historical intersections indicate the potential for bulk mining extraction within BIF style mineralisation. Recent BIF-hosted results include:

  • 1.5m @ 20.2 g/t gold from 488.0m AUDD0298 (BIF Hosted)

  • 2.2m @ 5.5 g/t gold from 371.0m AUDD0294 (BIF Hosted)

  • 3.8m @ 3.5 g/t gold from 339.2m AUDD0278 (BIF Hosted)

  • 5.0m @ 1.9 g/t gold from 294.0m AUDD0286 (BIF Hosted)

  • 8.0m @ 1.8 g/t gold from 245.0m AUDD0281 (BIF Hosted)

FORWARD WORK PLAN

The company intends to continue with a dual-tracked approach to drilling for the remainder of 2022, with a combination of extensional in-mine Resource growth drilling and regional exploration. AuTECO is in the midst of 50,000m drill campaign, of which ~20,000m is planned for early stage targets outside of the current 2.23Moz Resource.

In order to preserve cash, the number of drill rigs has been reduced to two.

As site accessibility improves in winter, the exploration focus from November 2022 through March 2023 will shift to regional exploration in addition to near mine targets that are inaccessable during summer, such as Tyson.

An updated Resource estimate remains on track for delivery in early 2023.

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 Inferred Mineral Resource of 2.23 Moz at 7.8g/t gold, with a 50,000m drilling program underway to expedite growth.

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

The Company also has 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, 5/10/2021, 2/12/2021, 18/1/2022, 15/2/2022, 3/5/2022 and 23/6/2022. 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 Darren Cooke, who is a Member of the Australasian Institute of Geoscientists. Mr Cooke 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 Cooke 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

The Company’s Mineral Resource estimate referred to in this announcement was first reported in accordance with ASX Listing Rule 5.8 in the Company’s announcement on 15 February 2022, "Resource increases by 500,000oz to 2.23Moz at 7.8 g/t ". 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.

Mineralisation Domain Lower
Cut-off
Tonnes
(Mt)
Gold Grade
(g/t)
Gold
(Million oz)
Variance to 30 June
2021 Resource
Quartz Lodes 3.5g/t 6.4 9.3 1.92 +0.45Moz
Alteration Hosted (BIF) 2.0g/t 2.5 3.8 0.30 +0.06Moz
TOTAL 8.9 7.8 2.23 +0.51Moz (+30%)

DISCLAIMER

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

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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.

APPENDIX A: DRILLING RESULTS

TABLE 1: Significant Intercept Table – Auteco Drilling

Cut-off grade of 0.5g/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
g/t
Comment
(m) (m) (m) (m) Au
AUDD0274 707,099 5,712,383 348 180 55 279 No sig assays
AUDD0275 703,459 5,708,965 353 180 60 348 174.00 175.05 1.05 1.46
333.30 334.00 0.70 1.10
AUDD0276 706,178 5,711,456 346 180 65 237 30.80 31.25 0.45 2.44
202.95 203.35 0.40 14.60
AUDD0277 704,452 5,709,778 349 300 55 228 No sig assays
AUDD0278 704,507 5,709,771 348 300 56 354 339.20 343.00 3.80 3.49
345.00 349.30 4.30 1.18
AUDD0279 704,550 5,709,750 349 300 63 579 358.75 359.30 0.55 5.66
527.05 527.45 0.40 2.16
AUDD0280 703,454 5,709,025 350 180 55 348 253.10 254.10 1.00 1.04
258.10 259.10 1.00 1.33
266.70 267.10 0.40 1.36
273.40 273.85 0.45 1.33
AUDD0281 703,508 5,709,062 351 180 -60 399 245.00 253.00 8.00 1.82
AUDD0282 705,489 5,711,249 354 115 73 456 60.25 61.40 1.15 0.52
AUDD0283 704,508 5,709,691 348 300 67 153 No sig assays
AUDD0284 704,506 5,709,715 348 300 70 582 No sig assays
AUDD0285 703,570 5,709,042 350 180 55 363 15.20 15.60 0.40 8.49
AUDD0286 705,433 5,711,199 352 180 55 498 110.20 110.60 0.40 1.21
118.00 119.80 1.80 2.49
159.00 163.90 4.90 1.34
170.70 171.10 0.40 1.04
276.85 277.30 0.45 1.40
281.10 284.00 2.90 1.12
288.65 289.50 0.85 3.21
294.00 299.00 5.00 1.91

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From
To
Width
Assay
g/t
Comment
(m) (m) (m) (m) Au
303.00 306.00 3.00 1.63
476.70 477.10 0.40 1.39
AUDD0287 704,450 5,709,740 349 300 68 450 233.00 234.00 1.00 2.33
AUDD0288 705,367 5,711,157 344 180 55 540 210.10 210.85 0.75 1.49
460.85 461.65 0.80 1.07
471.70 472.15 0.45 0.70
487.95 488.35 0.40 6.51
AUDD0289 704,448 5,709,738 349 300 65 321 219.75 221.05 1.30 5.29
287.80 288.20 0.40 5.70
318.70 319.15 0.45 2.83
AUDD0289
A
704,448 5,709,738 349 300 65 24 No sig assays
AUDD0290 705,510 5,711,055 348 250 73 870 133.55 136.10 2.55 1.58
155.90 159.05 3.15 1.00
167.00 169.00 2.00 1.53
194.00 195.80 1.80 1.15
272.55 274.20 1.65 2.28
396.60 397.80 1.20 0.82
400.30 400.95 0.65 1.76
524.15 525.00 0.85 4.00
548.95 549.40 0.45 1.75
619.30 620.15 0.85 1.14
645.40 649.75 4.35 1.36
672.70 673.10 0.40 1.12
675.95 677.25 1.30 1.34
784.30 784.80 0.50 23.60
802.65 806.00 3.35 1.26
834.70 835.10 0.40 1.18
839.25 840.00 0.75 1.99
AUDD0290
A
705,510 5,711,055 348 250 74 253 181.40 181.85 0.45 0.84
219.60 223.40 3.80 2.04
242.00 244.10 2.10 2.27
126.35 126.75 0.40 0.69
130.50 130.90 0.40 1.27
170.45 170.90 0.45 0.54
AUDD0291 705,236 5,711,063 341 180 55 87 43.00 44.95 1.95 1.91
AUDD0292 705,236 5,711,063 341 180 60 516 279.25 281.40 2.15 1.12
307.45 307.90 0.45 1.44
311.50 311.90 0.40 1.24
429.80 432.00 2.20 1.47

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From
To
Width
Assay
g/t
Comment
(m) (m) (m) (m) Au
433.90 434.65 0.75 0.69
457.95 458.50 0.55 1.20
492.70 494.70 2.00 3.31
AUDD0293 705,735 5,711,556 346 135 -65 639 271.90 272.85 0.95 0.71 Partial
Assay
275.20 276.45 1.25 1.63
279.75 283.15 3.40 0.61
282.15 283.15 1.00 1.01
286.90 287.75 0.85 1.34
295.20 295.60 0.40 1.65
351.50 352.50 1.00 3.03
356.80 357.20 0.40 1.16
390.30 390.70 0.40 1.02
497.80 498.60 0.80 1.70
539.25 540.25 1.00 1.16
AUDD0294 705,002 5,711,510 336 160 -82 777 45.00 46.00 1.00 1.70 Partial
Assay
347.55 348.00 0.45 0.53
350.50 351.50 1.00 1.41
355.55 355.95 0.40 5.48
371.00 373.20 2.20 5.54
534.05 534.90 0.85 0.80
649.45 650.50 1.05 2.02
AUDD0295 705,735 5,711,556 346 135 -73 401 54.00 55.15 1.15 1.17
AUDD0296 703,510 5,709,160 364 150 -60 468 172.80 173.20 0.40 4.39
284.10 285.00 0.90 1.35
319.90 320.90 1.00 1.60
323.40 324.20 0.80 2.17
406.75 407.15 0.40 1.28
AUDD0297 705,735 5,711,556 346 320 -50 285 50.25 51.00 1.75 0.63
236.80 237.20 0.40 1.66
AUDD0298 703,510 5,709,160 364 150 -71 540 287.80 288.20 0.40 5.70
297.05 297.45 0.40 0.55
318.70 319.15 0.45 2.83
372.45 373.25 0.80 3.57
377.10 377.55 0.45 1.92
480.45 481.70 1.25 1.58
488.00 489.50 1.50 20.20
inc: 488.00 488.45 0.45 48.10
inc: 488.45 489.00 0.55 11.90
AUDD0299 705,998 5,711,690 347 120 75 576 310.00 311.00 1.00 1.68

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From
To
Width
Assay
g/t
Comment
(m) (m) (m) (m) Au
325.00 326.00 1.00 0.52
343.85 344.80 0.95 0.73
383.70 384.50 0.80 1.08
429.10 429.68 0.58 0.68
439.70 442.55 2.85 0.48
498.90 499.60 0.70 3.83
649.45 650.50 1.05 2.02
AUDD0299
A
705,998 5,711,690 347 120 75 81 No sig assays
AUDD0299
B
705,998 5,711,690 347 120 75 93 No sig assays
AUDD0300 705,998 5,711,690 347 120 60 450 92.38 92.78 0.40 1.00
108.90 109.42 0.52 1.46
109.88 110.28 0.40 1.54
202.30 202.95 0.65 1.89
252.38 253.35 0.97 1.30
283.85 284.35 0.50 1.07
291.90 292.35 0.45 1.44
310.30 310.70 0.40 1.03
329.55 329.95 0.40 1.96
341.80 342.20 0.40 1.06
410.05 411.25 1.20 2.15
AUDD0301 706,049 5,711,734 349 110 69 363 126.55 126.95 0.40 3.38
344.20 346.40 2.20 1.08
AUDD0302 706,049 5,711,734 349 128 55 438 58.75 59.20 0.45 1.38
195.00 196.45 1.45 1.36
233.90 234.90 1.00 1.13
322.80 323.20 0.40 2.16
AUDD0303 703,985 5,709,669 341 160 55 387 234.40 234.80 0.40 2.90
255.80 258.00 2.20 1.78
329.50 330.10 0.60 4.09
AUDD0304 705,998 5,711,690 350 150 -65 465 238.00 240.00 2.00 1.49
242.55 243.10 0.55 1.66
351.00 352.00 1.00 2.08
441.00 443.00 2.00 0.96
AUDD0305 704,440 5,710,550 351 160 -65 405 70.10 71.10 1.00 0.73
284.90 286.05 1.15 2.58
AUDD0306 705,998 5,711,690 350 150 -52 426 174.75 175.90 1.15 0.79
inc: 174.75 175.30 0.55 0.93
426 197.00 198.00 1.00 0.75

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From
To
Width
Assay
g/t
Comment
(m) (m) (m) (m) Au
221.40 221.80 0.40 0.52
225.15 225.55 0.40 2.83
245.05 245.45 0.40 1.91
293.40 294.80 1.40 3.21
426 304.45 307.90 3.45 2.11
inc: 305.90 306.40 0.50 12.70
426 371.90 372.60 0.70 0.60
AUDD0307 704,436 5,710,634 343 160 -65 450 37.10 38.60 1.50 2.35
782.60 183.60 1.00 1.09
299.95 301.00 1.05 2.76
AUDD0308 706,152 5,711,627 355 190 -50 296 19.50 26.43 6.93 1.68 Partial
Assay
36.90 37.48 0.58 1.83
101.52 104.13 2.61 1.27
136.33 138.08 1.75 3.21
143.80 144.55 0.75 1.02
146.57 147.24 0.67 1.64
150.87 151.85 0.98 1.10
203.95 206.00 2.05 1.45
208.10 209.00 0.90 1.04
224.36 224.90 0.54 5.76
259.00 260.05 1.05 3.24
AUDD0309 704,036 5,709,422 351 160 -50 105 39.45 39.85 0.40 1.18
49.85 50.35 0.50 2.10
AUDD0310 705,888 5,711,695 343 176 -69 624 37.15 38.65 1.50 0.77 Partial
Assay
63.40 66.35 2.95 0.98
AUDD0311 704,625 5,711,306 338 160 -58 895 164.45 165.15 0.70 3.23 Partial
Assay
AUDD0311
A
704,625 5,711,306 338 160 -58 204 45.70 46.20 1.30 1.09
AUDD0312 704,025 5,709,450 351 160 -50 141 Awaiting Assay
AUDD0313 704,055 5,709,456 351 160 -55 135 Awaiting Assay
AUDD0314 704,066 5,709,426 351 160 -56 102 Awaiting Assay
AUDD0315 703,973 5,709,439 351 160 -56 171 Awaiting Assay
AUDD0316 703,982 5,709,412 350 160 -56 144 Awaiting Assay
AUDD0317 704,016 5,709,419 351 160 -56 126 Awaiting Assay
AUDD0318 704,043 5,709,537 352 160 -56 246 Awaiting Assay
AUDD0319 704,012 5,709,524 352 160 -56 171 149.00 149.40 0.40 91.00 Partial
Assay
AUDD0320 703,995 5,709,458 351 160 -56 171 147.70 148.65 0.95 2.42 Partial
Assay
AUDD0321 704,085 5,709,464 351 160 -56 171 Awaiting Assay

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From
To
Width
Assay
g/t
Comment
(m) (m) (m) (m) Au
AUDD0322 704,095 5,709,438 351 160 -56 129 Awaiting Assay
AUDD0323 704,120 5,709,460 351 160 -61 150 Awaiting Assay
AUDD0324 704,087 5,709,416 351 160 -56 120 Awaiting Assay
AUDD0325 704,177 5,709,476 351 160 -46 129 Awaiting Assay
AUDD0326 704,208 5,709,467 351 160 -46 60 Awaiting Assay
AUDD0327 704,321 5,709,526 350 160 -56 60 30.35 30.75 0.40 32.20 Partial
Assay
AUDD0328 704,341 5,709,562 350 160 -56 102 67.80 68.60 0.80 5.20 Partial
Assay
AUDD0329 704,349 5,709,541 350 160 -56 60 Awaiting Assay
AUDD0330 704,285 5,709,534 351 160 -56 105 50.70 52.45 1.75 8.26 Partial
Assay
AUDD0331 704,312 5,709,551 351 160 -56 102 Awaiting Assay
AUDD0332 704,329 5,709,597 350 160 -56 Awaiting Assay
AUDD0333 704,444 5,711,127 338 164 -75 Awaiting Assay
RVDD0039 703,197 5,709,147 355 150 50 180 139.70 140.30 0.60 3.94
RVDD0040 703,114 5,709,129 363 150 50 147 No sig assays
RVDD0042 703,356 5,709,311 349 190 55 231 76.40 77.00 0.60 1.04 Partial
Assay
RVDD0044 703,418 5,709,479 350 190 -56 309 No sig assays
RVDD0045 699,415 5,707,478 350 150 -45 150 No sig assays
RVDD0046 703,418 5,709,479 350 140 -50 357 No sig assays
RVDD0047 699,700 5,707,506 350 195 -45 174 93.05 94.00 0.95 2.89
RVDD0048 700,080 5,707,470 350 205 -45 150 No sig assays
RVDD0049 700,315 5,707,400 350 205 -45 21 No sig assays
RVDD0050 698,488 5,707,578 350 200 -45 156 No sig assays
RVDD0051 703,247 5,708,486 354 180 -55 279 160.70 161.10 0.40 0.52
211.00 211.40 0.40 2.22
212.95 213.45 0.50 1.48
inc: 262.60 263.50 0.90 14.71
262.60 263.00 0.40 30.20
RVDD0052 698,110 5,708,075 351 145 -50 207 53.00 57.00 4.00 1.05
RVDD0053 698,110 5,708,075 351 205 -50 150 79.80 80.35 0.55 1.34
RVDD0054 697,998 5,708,030 351 145 -50 264 No sig assays
RVDD0055 703,077 5,708,328 355 180 -55 297 152.10 153.10 1.00 1.28
276.40 277.40 1.00 1.27
RVDD0056 697,998 5,708,030 351 205 -50 156 No sig assays
RVDD0057 703,272 5,708,366 355 180 -55 231 86.10 86.50 0.40 1.95
146.85 147.30 0.45 1.37
152.60 153.05 0.45 1.13
182.90 183.30 0.40 1.49

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length
From
To
Width
Assay
g/t
Comment
(m) (m) (m) (m) Au
RVDD0058 697,902 5,707,963 351 145 -50 267 No sig assays
RVDD0059 703,337 5,708,474 350 180 -55 285 51.75 52.30 0.55 1.47
219.40 220.00 0.60 1.47
226.30 230.35 4.05 3.44
inc: 229.95 230.35 0.40 21.00
RVDD0060 697,902 5,707,963 351 195 -52 228 No sig assays
RVDD0061 697,902 5,707,963 351 325 -50 162 No sig assays
RVDD0062 699,910 5,707,380 350 205 55 159 No sig assays
RVDD0063 699,930 5,707,340 350 0 50 225 No sig assays
RVDD0064 700,100 5,707,510 350 205 -55 258 No sig assays
RVDD0065 700,200 5,707,470 350 205 -55 171 No sig assays
RVDD0066 700,329 5,707,430 350 250 -45 170 No sig assays
RVDD0067 703,510 5,709,160 364 320 -55 191 No sig assays
RVDD0068 700,550 5,707,400 350 205 -55 156 No sig assays
RVDD0069 703,148 5,708,500 352 180 -52 375 7.70 8.10 0.40 0.97
35.60 36.10 0.50 0.53
104.55 105.05 0.50 1.00
RVDD0070 702,270 5,708,070 350 180 -55 225 No sig assays
RVDD0071 703,382 5,708,410 358 175 -55 197 68.75 69.15 0.40 1.68
145.30 145.70 0.40 34.60
RVDD0072 702,530 5,707,970 350 180 -50 258 No sig assays
RVDD0073 703,391 5,708,510 359 175 -55 348 237.45 238.20 0.75 1.75
RVDD0074 702,465 5,707,950 350 180 -55 240 No sig assays
RVDD0075 702,465 5,707,950 350 240 -55 234 No sig assays
RVDD0076 702,450 5,708,040 350 240 -55 238 No sig assays
RVDD0077 702,720 5,708,390 350 160 -55 261
RVDD0078 702,737 5,708,497 350 120 -55 351 No sig assays

APPENDIX B: GEOCHEMICAL SAMPLING RESULTS TABLE 2: Surface Rock Chip Sampling Results– Auteco Field Sampling

All coordinates are in the UTM NAD 83 z15 grid

Sample Number Easting Northing Assay
g/t
Au
Prospect
1394501 702,435 5,708,039 0.001 Springer
1394502 702,435 5,708,039 0.001 Springer

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Sample Number Easting Northing Assay
g/t
Au
Prospect
1394503 703,661 5,716,396 0.001 Tarp Lake Shear Zone
1394504 703,616 5,716,442 0.002 Tarp Lake Shear Zone
1394505 703,850 5,716,304 0.001 Tarp Lake Shear Zone
1394506 703,978 5,716,134 27.4 Tarp Lake Shear Zone
1394507 702,659 5,715,490 0.024 Tarp Lake Shear Zone
1394508 702,633 5,715,414 0.012 Tarp Lake Shear Zone
1394509 702,615 5,715,499 0.003 Tarp Lake Shear Zone
1394510 702,836 5,715,519 0.001 Tarp Lake Shear Zone
1394511 702,377 5,713,526 35.5 Tarp Lake Shear Zone
1394512 702,336 5,713,554 0.022 Tarp Lake Shear Zone
1394651 702,061 5,712,954 0.003 Tarp Lake Shear Zone
1394652 702,047 5,712,964 0.004 Tarp Lake Shear Zone
1394653 702,047 5,712,962 0.015 Tarp Lake Shear Zone
1394654 702,745 5,712,970 0.786 Tarp Lake Shear Zone
1394655 702,035 5,712,975 0.005 Tarp Lake Shear Zone
1394656 702,082 5,712,996 0.005 Tarp Lake Shear Zone
1394657 702,082 5,713,339 0.004 Tarp Lake Shear Zone
1394513 703,601 5,715,819 4.79 Tarp Lake Shear Zone
1394514 703,601 5,715,818 1.61 Tarp Lake Shear Zone
1394515 703,593 5,715,814 0.807 Tarp Lake Shear Zone
1394516 703,586 5,715,807 0.305 Tarp Lake Shear Zone
1394517 703,571 5,715,788 0.987 Tarp Lake Shear Zone
1394518 703,716 5,715,676 0.003 Tarp Lake Shear Zone
1394519 703,745 5,715,696 0.011 Tarp Lake Shear Zone
1394520 699,738 5,711,828 0.025 Tarp Lake Shear Zone
1394521 699,769 5,711,842 0.002 Tarp Lake Shear Zone
1394522 699,769 5,711,842 0.002 Tarp Lake Shear Zone
1394523 699,769 5,711,842 0.001 Tarp Lake Shear Zone
1341851 704,244 5,711,726 0.003 Cohen-MacArthur Shear Zone
1341852 704,244 5,711,723 0.092 Cohen-MacArthur Shear Zone
1341853 704,278 5,711,743 0.001 Cohen-MacArthur Shear Zone
1341854 704,260 5,711,747 0.002 Cohen-MacArthur Shear Zone
1341855 704,308 5,711,774 0.569 Cohen-MacArthur Shear Zone
1341856 704,251 5,711,719 0.005 Cohen-MacArthur Shear Zone
1341857 704,008 5,711,446 1.254 Cohen-MacArthur Shear Zone
1341858 704,053 5,711,461 0.004 Cohen-MacArthur Shear Zone
1341859 704,269 5,711,545 0.003 Cohen-MacArthur Shear Zone
1341860 704,266 5,711,662 0.001 Cohen-MacArthur Shear Zone
1341861 704,336 5,711,646 0.001 Cohen-MacArthur Shear Zone
1341862 703,091 5,710,546 0.002 Cohen-MacArthur Shear Zone
1341863 703,051 5,710,521 0.002 Cohen-MacArthur Shear Zone
1341864 702,985 5,710,412 0.002 Cohen-MacArthur Shear Zone

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Sample Number Easting Northing Assay
g/t
Au
Prospect
1341865 702,947 5,710,348 0.001 Cohen-MacArthur Shear Zone
1341866 702,899 5,710,206 0.001 Cohen-MacArthur Shear Zone
1395501 702,407 5,710,589 0.001 Central Patricia
1395502 703,400 5,710,319 0.004 Central Patricia
1395503 703,494 5,710,494 0.006 Cohen-MacArthur Shear Zone
1395504 703,495 5,710,494 0.002 Cohen-MacArthur Shear Zone
1394041 704,246 5,711,784 0.002 Cohen-MacArthur Shear Zone
1394042 704,193 5,711,810 0.002 Cohen-MacArthur Shear Zone
1394043 704,135 5,711,851 0.001 Cohen-MacArthur Shear Zone
1394044 704,201 5,711,768 0.001 Cohen-MacArthur Shear Zone
1394045 704,565 5,711,802 0.001 Cohen-MacArthur Shear Zone
1394046 704,438 5,711,945 0.683 Cohen-MacArthur Shear Zone
1394047 704,437 5,711,946 0.332 Cohen-MacArthur Shear Zone
1394048 703,531 5,710,528 3.03 Cohen-MacArthur Shear Zone
1394049 703,581 5,710,575 0.007 Cohen-MacArthur Shear Zone
1394050 703,618 5,710,586 3.768 Cohen-MacArthur Shear Zone
1394659 704,120 5,715,867 3.72 Tarp Lake Shear Zone
1394660 704,124 5,715,875 0.188 Tarp Lake Shear Zone
1394661 704,124 5,715,875 0.394 Tarp Lake Shear Zone
1394662 704,135 5,715,898 0.064 Tarp Lake Shear Zone
1394663 704,136 5,715,898 9 Tarp Lake Shear Zone
1394664 704,137 5,715,896 569 Tarp Lake Shear Zone
1394665 704,146 5,715,911 0.142 Tarp Lake Shear Zone
1394666 704,143 5,715,910 0.637 Tarp Lake Shear Zone
1394667 704,151 5,715,926 0.044 Tarp Lake Shear Zone
1394668 704,165 5,715,964 0.052 Tarp Lake Shear Zone
1394524 704,142 5,716,102 0.009 Tarp Lake Shear Zone
1394525 704,088 5,715,818 0.096 Tarp Lake Shear Zone
1394526 704,084 5,715,820 0.143 Tarp Lake Shear Zone
1394527 704,081 5,715,812 0.081 Tarp Lake Shear Zone
1394528 704,078 5,715,816 0.698 Tarp Lake Shear Zone
1394529 704,075 5,715,810 0.031 Tarp Lake Shear Zone

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APPENDIX C - 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 measurement was recovered from drilling. Noramco drilling, CP-
tools appropriate to the minerals under prefix is BQ diameter (36.5mm). All other quoted
investigation, such as down hole gamma intercepts and the bulk of historical drilling data is of
sondes, or handheld XRF instruments, etc). NQ diameter including Auteco drilling subject to this
These examples should not be taken as release (prefix AUDD**).
limiting the broad meaning of sampling. The core was sawn in half following a sample cutting
Include reference to measures taken to line determined by geologists during logging and
ensure sample representivity and the submitted for analysis on nominal 1m (1ft for historical
appropriate calibration of any measurement drillholes) intervals or defined by geological boundaries
tools or systems used. determined by the logging geologist.
Aspects of the determination of Samples from PC Gold holes (PC- prefix) post 2008
mineralisation that are Material to the Public were submitted to ALS Chemex in Thunder Bay and
Report. North Vancouver for analysis. Samples were prepared
In cases where ‘industry standard’ work has for analysis using a jaw crusher which was cleaned
been done this would be relatively simple with a silica abrasive between samples resulting in 90%
(eg ‘reverse circulation drilling was used to of the sample passing through an 8 mesh screen. A
obtain 1m samples from which 3 kg was split of the crushed sample weighing 1000g was then
pulverised to produce a 30 g charge for fire pulverised to 90% passing a 150 mesh screen. Sample
assay’). In other cases, more explanation pulps were analysed for gold by Fire Assay using 50g
may be required, such as where there is sample charge with atomic absorption spectroscopy
coarse gold that has inherent sampling (AAS) finish. If the returned assay result was equal to
problems. Unusual commodities or or greater than 5g/t then the sample was reassayed by
mineralisation types (eg submarine Fire Assay with a gravimetric finish. Samples from
nodules) may warrant disclosure of detailed historical diamond drilling programs conducted
information. between 1981 and 2008 were dispatched to a variety
of accredited laboratories in Canada for Fire Assay
analysis. Historical 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.
Rock chip samples reported in this release are
selective field samples from outcrops encountered
during geological reconnaissance exploration
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, auger, exploration with NQ diameter (47.6mm) drill core was
Bangka, sonic, etc) and details (eg core recovered from drilling. Noramco drilling, CP- prefix is
diameter,triple or standard tube,depth of BQ diameter(36.5mm). All other drillingis NQ

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
diamond tails, face-sampling bit or other diameter including Auteco drilling subject to this
type, whether core is oriented and if so, by release (prefix AUDD**).
what method, etc).
Drill sample recovery Method of recording and assessing core All drilling quoted is NQ diamond core (including
and chip sample recoveries and results Auteco drilling subject to this release -prefix AUDD**)
assessed. with the exception of Noramco drillholes (CP- prefix).
Measures taken to maximise sample RQD was recorded for all diamond drilling as per
recovery and ensure representative nature industry standard. A review of the available diamond
of the samples. drill core RQD’s from the Pickle Crow project (PC-
Whether a relationship exists between prefix and recently completed Auteco drilling - AUDD*
sample recovery and grade and whether prefix) indicated that nearly all of the holes produced
sample bias may have occurred due to excellent recoveries with an average of >90%. For
preferential loss/gain of fine/coarse drilling conducted by other operators recoveries are
material. unknown 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 anysample bias due to loss of material.
Logging Whether core and chip samples have been All PC Gold and Auteco samples (PC- and AUDD* hole
geologically and geotechnically logged to a prefix) were geologically logged. Lithology, veining,
level of detail to support appropriate alteration, mineralisation and weathering are all
Mineral Resource estimation, mining recorded in the geology table of the drill hole database.
studies and metallurgical studies. Other historical drillholes have been similarly logged
Whether logging is qualitative or and records have been digitised from report format.
quantitative in nature. Core (or costean, Geological logging of Diamond Core samples is
channel, etc) photography. qualitative and descriptive in nature.
The total length and percentage of the All holes quoted have been logged in their entirety.
relevant intersections logged.
Sub-sampling techniques If core, whether cut or sawn and whether All drilling quoted from PC Gold and Auteco
and sample preparation quarter, half or all core taken. exploration (PC-and AUDD* hole prefix) is.NQ diameter
If non-core, whether riffled, tube sampled, (47.6mm) drill core recovered from drilling. All other
rotary split, etc and whether sampled wet or quoted intercepts are NQ diameter with the exception
dry. of Noramco drilling (CP- Prefix) which is BQ (36.5mm)
For all sample types, the nature, quality and diameter. The core was sawn in half following a sample
appropriateness of the sample preparation cutting line determined by geologists during logging
technique. and submitted for analysis on nominal 1m (or 1ft)
Quality control procedures adopted for all intervals or defined by geological boundaries
sub-sampling stages to maximise determined by the logging geologist.
representivity of samples. This sampling technique is industry standard and
Measures taken to ensure that the sampling deemed appropriate.
is representative of the in-situ material PC Gold QA/QC protocols include the use of crush
collected, including for instance results for duplicates, ¼ core field duplicates, the insertion of
field duplicate/second-half sampling. certified reference materials (CRM’s) including low,
Whether sample sizes are appropriate to medium and high-grade standards and coarse blanks.
the grain size of the material being This was accomplished by inserting the QA/QC
sampled. samples sequentially in the drill core sample
numbering system. 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

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
precision and accuracy of results. Whist there is no
documentation available for earlier 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
Mining Inc.
Rock chip samples were crushed and split prior to
sampling. The assay techniques were consistent with
the methods used for AuTECO drilling.
Quality of assay data and The nature, quality and appropriateness of Samples were submitted to ALS Chemex in Thunder
laboratory tests the assaying and laboratory procedures Bay and North Vancouver for analysis. Samples were
used and whether the technique is prepared for analysis using a jaw crusher which was
considered partial or total. cleaned with a silica abrasive between samples
For geophysical tools, spectrometers, resulting in 90% of the sample passing through an 8
handheld XRF instruments, etc, the mesh screen. A split of the crushed sample weighing
parameters used in determining the 1000g was then pulverised to 90% passing a 150 mesh
analysis including instrument make and screen. Sample pulps were analysed for gold by Fire
model, reading times, calibrations factors Assay using 50g sample charge with atomic absorption
applied and their derivation, etc. spectroscopy (AAS) finish. If the returned assay result
Nature of quality control procedures was equal to or greater than 5g/t then the sample was
adopted (eg standards, blanks, duplicates, reassayed by Fire Assay with a gravimetric finish. .
external laboratory checks) and whether Samples from historical diamond drilling programs
acceptable levels of accuracy (i.e. lack of conducted between 1981 and 2008 were dispatched to
bias) and precision have been established. a variety of accredited laboratories in Canada for Fire
Assay analysis. Historical 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

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Electronic Document Analysis and Retrieval
(www.sedar.com)for First MiningInc.
Verification of sampling and The verification of significant intersections Historical significant intersections quoted have been
assaying by either independent or alternative verified by Independent Geological Consultants Micon
company personnel. International Limited. For more details see document
The use of twinned holes. ‘Updated Mineral Resource Estimate for the Pickle
Documentation of primary data, data entry Crow Property, Patricia Mining Division, Northwestern
procedures, data verification, data storage Ontario, Canada’ NI-43-101 dated 15 June 2018 and
(physical and electronic) protocols. available from System for Electronic Document
Discuss any adjustment to assay data. Analysis and Retrieval (www.sedar.com) for First
Mining Inc.
There are no twinned holes in the dataset but a
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-
holeprefix)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 +/-
other locations used in Mineral Resource 1m using an SX Blue. For all other drilling hole collars
estimation. were 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

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
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 by TECH
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.
Rock chip sample locations reported in this release
were determined via hand-held differential GPS with an
accuracy of +/-5m.
Data spacing and Data spacing for reporting of Exploration Due to the nature of mineralisation the hole spacing is
distribution Results. highly variable and of a progressive exploration in
Whether the data spacing, and distribution nature.
is sufficient to establish the degree of Data spacing is considered sufficient to establish
geological and grade continuity appropriate geological and grade continuities for mineral resource
for the Mineral Resource and Ore Reserve estimation at the Inferred Category
estimation procedure(s) and classifications No sample compositing was applied.
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
structures and the extent to which this is of the intersected mineralisation. Drilling was typically
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
should be assessed and reported if drilling perpendicular to mineralized bodies there is
material. limited bias introduced bydrillhole orientation.

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Sample security The measures taken to ensure sample For PC Gold and Auteco drilling (PC- and AUDD*
security. prefix), 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.
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 Type, reference name/number, location and
The mineral concessions of the Pickle Crow project
land tenure status ownership including agreements or material consist of 106 patented mining claims covering
issues with third parties such as joint 1,712ha and 88 contiguous, unpatented claims
ventures, partnerships, overriding royalties, covering approximately 14,048ha. Of the 106
native title interests, historical sites, patented claims 98 (the Pickle Crow Lease) are held
wilderness or national park and in the name of Teck Cominco Limited (Teck) and 8
environmental settings. are held in the name of PC Gold. The unpatented
The security of the tenure held at the time claims are held in the name of PC gold. PC Gold has
of reporting along with any known a lease on the 98 patented claims held by Teck
impediments to obtaining a license to which expires in 2067. These leasehold claims are
operate in the area. subject to two net smelter return (NSR) royalties
totaling 1.25%. The other 8 patented claims (the
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 signinga formal agreement: A further

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
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 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 Acknowledgment and appraisal of The first government survey of the area was
other parties exploration by other parties. performed 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 Albanyshaft to a depth of 190m between

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Criteria JORC Code explanation Commentary
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 during this period as well.
Ground and 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

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Criteria JORC Code explanation JORC Code explanation JORC Code explanation Commentary Commentary
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 style of
The Pickle Crow Gold Deposit is considered to be an
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 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 the
Refer to Appendix A in ASX release’s 28/01/2020,
understanding of the exploration results 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020,
including a tabulation of the following 19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021,
information for all Material drill holes: 02/08/2021, 05/10/202, 02/12/20211, 18/1/2022,
o easting and northing of the drill hole 3/5/2022, 23/6/2022 as well as the current release
collar for drill hole information for all reported drill holes for
o elevation or RL (Reduced Level – this JORC 2012 Table 1 and in accordance with ASX
elevation above sea level in meters) of listing rule 5.7.2.
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
clearlyexplain whythis is the case.

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Data aggregation In reporting Exploration Results, weighting All drill hole intersections are reported above a lower
methods averaging techniques, maximum and/or cut-off grade of 0.5g/t Gold or 1g/t as indicated, with
minimum grade truncations (eg cutting of no upper cut off grade has been applied. A maximum
high grades) and cut-off grades are usually of 1m internal waste was allowed. Tabulated results
Material and should be stated. are presented in ASX announcements 28/01/2020,
Where aggregate intercepts incorporate 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020,
short lengths of high-grade results and 19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021,
longer lengths of low-grade results, the 02/08/2021, 05/10/2021, 02/12/2021, 18/1/2022,
procedure used for such aggregation 3/5/2022 and Appendix A of this release)
should be stated and some typical Metal equivalent values are not used
examples of such aggregations should be
shown in detail.
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.
Relationship between These relationships are particularly All intersections reported in the body of this release
mineralisation widths important in the reporting of Exploration are down hole
and intercept lengths Results. The majority of the drill holes are drilled as close to
If the geometry of the mineralisation with orthogonal to the plane of the mineralized lodes as
respect to the drill hole angle is known, its possible. A number of drill holes have intersected the
nature should be reported. mineralisation at high angles.
If it is not known and only the down hole Only down hole lengths are reported.
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 should release as deemed appropriate by the competent
be included for any significant discovery person.
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
Exploration Results is not practicable, drilling quoted in this release have been reported in
representative reporting of both low and ASX announcements 28/01/2020, 26/03/2020 and
high grades and/or widths should be Appendix A of this release)
practiced to avoid misleading reporting of All results above 0.5g/t lower cut-off or 1g/t quoted in
Exploration Results. 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,
05/10/2021, 02/12/2021, 18/1/2022, 3/5/2022 and
Appendix A of this release)
Other substantive Other exploration data, if meaningful and Appropriate plans are included in the body of this
exploration data material, should be reported including (but release.
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.

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
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
depth extensions or large-scale step-out infill drilling of existing lodes to further enhance the
drilling). resources quoted in this release. More information is
Diagrams clearly highlighting the areas of presented in the body of this report.
possible extensions, including the main Diagrams in the main body of this release show
geological interpretations and future drilling areas of possible resource extension on existing
areas, provided this information is not lodes. The company continues to identify and assess
commercially sensitive. multiple other target areas within the property
boundaryfor additional resources.

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