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FireFly Metals Ltd. Capital/Financing Update 2022

May 2, 2022

48548_rns_2022-05-02_849ada55-b636-45c6-91d4-ab42d284eb9f.pdf

Capital/Financing Update

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ASX: AUT 3 May 2022

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ASX ANNOUNCEMENT

Pickle Crow Gold Project, Canada

Exceptional gold hits of up to 92g/t in near-mine and regional drilling

Results pave way for significant increase in 2.23Moz Resource later this year

KEY POINTS

  • Drilling at the Pickle Crow project in Ontario, Canada, has continued to deliver exceptional results outside of the 2.23Moz Inferred Resource at 7.8g/t gold

  • The latest results come from both near-mine and regional drilling, reflecting AuTECO’s dual strategy to continue growing the Pickle Crow Resource

REGIONAL DISCOVERY DRILLING (EARLY-STAGE EXPLORATION) WELL OUTSIDE OF CURRENT RESOURCE AREAS, RESULTS INCLUDE:

  • Cohen – MacArthur Zone (~1.5km NW of Shaft 3 Resource area):

  • 2.1m @ 92.0g/t gold from 147.8m RVDD0016

  • 0.7m @ 26.2g/t gold from 116.5m RVDD0016

  • 0.8m @ 11.3g/t gold from 17.8m RVDD0018

  • Swamp Zone (~2.2 km SW of Shaft 1 Resource area): o 3.5m @ 7.6g/t gold from 126.9m RVDD0022

  • North-East Powderhouse (~0.9km W of Shaft 1 Resource area):

  • 4.9m @ 3.6g/t gold from 175m RVDD0014 (BIF hosted)

  • Talia Zone (~1.1km SW of Shaft 1 Resource area):

  • 4.0m @ 3.1g/t gold from 160.5m RVDD0043

  • Crowshore (1.9km north-east of Shaft 3)

  • 1.3m @ 5.6g/t gold from 116.7m AUDD0269

  • These results are highly significant given the new and early-stage nature of the targets which demonstrates the huge prospectively of the greater Pickle Lake greenstone belt

RESOURCE EXTENSION DRILLING (TYSON AND SHAFT 3):

  • Near-mine drilling of high-grade veins outside the 2.23Moz gold Resource in the Shaft 3 and Tyson areas continues to deliver significant intersections, including:

  • 7.8m @ 17.0g/t gold from 335.3m in hole AUDD0266

  • 1.6m @ 73.2g/t gold from 37.9m in hole AUDD0249

  • 1.2m @ 37.5g/t gold from 284.5m in hole AUDD0266

  • 0.3m @ 134.0g/t gold from 422.8m in hole AUDD0253

  • 5.6m @ 4.9g/t gold from 441.9m in hole AUDD0266

  • 8.1m @ 3.3g/t gold from 615.8m in hole AUDD0260

  • 50,000m of drilling underway in 2022 with four diamond core rigs drilling at Pickle Crow

  • AuTECO remains well funded for its programs, with A$24.5M in cash at 31 March 2022

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

ASX: AUT ACN: 110 336 733 Principal and Registered Office: T: +61 8 9220 9030 Ground Floor E: [email protected] 24 Outram Street W: www.autecominerals.com West Perth WA 6005

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AuTECO Minerals Ltd (AUT.ASX) is pleased to report more exceptional results which demonstrate the outstanding growth potential 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 new regional discoveries as well as ongoing near-mine exploration.

The 50,000-metre drill campaign that started in June 2021 was successfully concluded in March 2022. However, a new drilling program is well underway with the aim of completing a further 50,000m by the end of this calendar year.

AuTECO Executive Chairman Ray Shorrocks said:

“ The regional exploration results are highly significant. We have only just started testing the land holding outside the mine area and to get hits like 2.1m at 92g/t 1.5km from the shaft highlights the enormous potential to keep growing the resource.

“The strong results from the in-mine area also point to future Resource growth. The 7.8m at 17g/t from the newly-discovered Tyson veins is among the best holes that AuTECO has drilled at Pickle Crow.

“AuTECO remains fully funded to continue the exploration and growth campaign and we expect to complete another 50,000 metres of drilling by the end of the year”.

Detail of Latest Results:

AuTECO manages ~500sqkm of tenure in the Pickle Lake district. First pass drilling was completed on five regional exploration targets located away from the historic Pickle Crow mine and the current 2.23Moz at 7.8g/t gold Resource (see ASX announcement dated 15[th] of February for details). All 5 targets returned results with anomalous mineralisation, with the highlight being the CohenMacArthur prospect which returned results including 2.1m @ 92.0g/t, 0.8m @ 11.3g/t and 1.2m @ 4.1g/t gold. The Cohen MacArthur shear zone is a structure subparallel to the Core Mine Shear that hosted the 1.5Moz of historic production at Pickle Crow.

Other significant results include an intersection of 3.5m @ 7.6g/t in the Swamp zone, a poorly tested hypothesised structure between the Springer and Central Patricia deposits. At the Powderhouse prospect, a mineralised banded iron formation was intersected that graded 4.9m at 3.6g/t gold.

Resource expansion drilling of the Tyson area continued to return significant drill intersections that increase the known extent of mineralised structures. Results reported in this release, including 7.8m @ 17.0g/t gold, point to a significant future increase in the Resource in the Tyson area.

Further drilling results are anticipated in the June quarter.

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ABOUT THE EXPLORATION PROGRAM

Based on the outstanding results achieved in the mid-year 2021 Resource update, the board of AuTECO approved an additional 50,000 metres of drilling that commenced in June 2021. This program was successfully completed during March 2022. The key strategic objectives of the drill program (Figure 1) demonstrate AuTECO’s continued commitment to the dual pathways of driving near-mine Resource growth combined with early-stage exploration and discovery drilling on the 500 square kilometres of regional tenure.

The initial focus of program was on near mine discovery, extension and infill drilling that was used to calculate the Resource estimate as at 31 December 2021. On February 15[th] 2022, a 30% increase was announced, with the Inferred Resource totalling 2.23Moz at 7.8g/t gold.

The later phase of drill program (December 2021 to March 2022) focused on early-stage exploration targets outside of the main Pickle Crow Resource area. 5 diamond drill rigs were on site taking advantage of favourable drill access conditions during the Canadian winter until midApril 2022. Three of the drills were dedicated to exploration targets, and two remained on Resource extensional drilling (predominantly around the Tyson veins and Shaft 3).

As the ground thaws and access to areas adjacent to some areas is restricted, the number of drill rigs on site has been reduced to four.

Based on the exceptional Resource growth demonstrated, in addition to the promising exploration results delivered to date, AuTECO intends to complete a further 50,000 metres of drilling.

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Figure 1: Current AuTECO strategic work plan and key objectives for 2022. Please note that timeframes are indicative.

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EXPLORATION AND GEOLOGICAL DETAIL

Deposit Overview

Geological setting

The Pickle Crow deposit is 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 sub-province of the Superior Craton, Ontario, Canada

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 16.1 g/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.

Mineral Resource

The Inferred Mineral Resource for the Pickle Crow project as at 31 December 2021 is 8.9Mt @ 7.8 g/t for 2.23Moz of gold (Table 1). The reported Resource was subdivided based on the mineralisation style.

mineralisation style.
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%)

Table 1: Inferred Resource estimate for the Pickle Crow deposit as at 31 December 2021 (see release dated 15 February 2022)

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

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Drilling Strategy

The drilling strategy undertaken year to date is consistent with the broader AuTECO organic growth plan (Figure 5).

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

Recent Drilling

Drilling activity has focused on three primary areas since January 2022:

  • Cohen MacArthur Trend exploration prospects (Cohen MacArthur, Talia, NE Powderhouse)

  • Springer Central Patricia Link Zone (Swamp Zone, F Zone)

  • Tyson Vein Extension Drilling

  • Shaft 3 Resource Extension drilling

REGIONAL EXPLORATION

Early-stage exploration targeting commenced on prospects outside of the mine Resource area. AuTECO manages 500km[2] of tenure in the Pickle Lake district.

The Pickle Lake greenstone belt consists of several sub-parallel structural shear zones with known gold occurrences. The main trend, the Core Mine Shear, hosts the Pickle Crow deposit that historically produced 1.5Moz at a grade of 16.1g/t gold. The interpreted structures parallel to the Core Mine Shear have been relatively poorly tested. These include the Cohen-MacArthur, East Patricia and Tarp Lake Shear Zones.

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Initial testing focused on interpreted flexures and areas of high strain in the regional structures proximal to the main trend. Additionally, detailed drone based magnetic data acquired in 2021 was used to refine first pass targeting. Historic gold occurrences were noted on historic maps, however the precise location of samples collected is not known due to historic survey methods and the various historic grids used to record spatial information.

The key targets tested since January 2022 are shown in Figure 6.

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Figure 6: Location of early stage exploration prospects drilled between January and April 2022

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Results Summary

Key results from the exploration drilling campaign are shown in Figure 7.

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Figure 7: Location and results to date of regional exploration drilling completed in 2022. Note that assays are pending for 23 drill holes.

NEAR MINE RESOURCE EXTENSION DRILLING

Assays for the regional program and being analysed at Actlabs in Thunder Bay. The current turnaround time is approximately six weeks, and results are pending for 23 regional drill holes.

Cohen MacArthur Prospect

The Cohen MacArthur target is located on a major regional structure that is interpreted to be subparallel to the Core Mine shear proximal to the main Pickle Crow deposit (Figure 7). The area drill tested is located ~1.5 kilometres north-west of Shaft 3.

The target area was selected based on an interpreted flexure in the Cohen-MacArthur shear zone in addition to outcropping veins. Drilling reported in historic literature in the area encountered vein structures hosted in an undifferentiated basalt unit, however limited follow up work had been completed by previous operators.

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Significant mineralisation was intersected in all holes where assays have been received to date. Key intersections include:

  • 2.1m @ 92.0g/t gold from 147.8m in hole RVDD0016

  • 0.7m @ 26.2g/t gold from 116.5m in hole RVDD0016

  • 0.8m @ 11.3g/t gold from 17.8m in hole RVDD0018

  • 1.2m @ 4.1g/t gold from 32.0m in hole RVDD0019

An intersection of 2.1m @ 92.0g/t gold from 147.8m in drill hole RVDD0016 was returned. Visible gold was observed in a shear pyritic quartz vein hosted in altered basalt. This included an intersection of 0.5m @ 382g/t (Figure 8).

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Figure 8: Photograph of core from hole RVDD0016 intersection 2.1m @ 92.0g/t gold.

Swamp Zone Prospect

The Swamp zone prospect is located ~2.1km south-west of Shaft 1. The drill targets were generated via a combination of field mapping and structural interpretation of detailed drone magnetic data acquired in 2021 (Figure 9).

A large east-west trending structural break is observed in the geophysical data. Ground mapping showed evidence of foliation and deformation associated with structural offsets. The host rock is predominantly sheared mafic volcanics.

This program represents the first time the area has been drill tested. A total of 10 holes were completed in the area. Assay results have only been received for two holes, with eight holes awaiting assays. Assays returned to date are:

  • 3.5m @ 7.6g/t gold from 126.9m in hole RVDD0022 (discovery)

  • 0.6m @ 2.1g/t gold from 201.7m in hole RVDD0023

Strong veining and mineralisation was encountered in the Swamp Zone discovery hole RVDD0022 (3.5m @ 7.6g/t gold) as shown in Figure 10. Brecciated multi-generational veining was observed, with the matrix dominated by chlorite and fine-grained sulphides (mostly pyrite). Small particles of visible gold were observed, and assays of up to 62.9g/t were returned within the broader 3.5 metre zone of veining. The vein was hosted within strongly foliated sericite altered basalt, consistent with large scale movement and fluid flow expected in an interpreted major structural corridor.

Further follow up work will be planned once the assay results from the eight outstanding holes are returned.

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Figure 9: Swamp zone prospect drone magnetic information and drill results returned to date

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Figure 10: Core photographs of the Swamp Zone discovery intersection of 3.5m @ 7.6g/t gold in drillhole RVDD0022

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North-East Powderhouse and Talia Prospects

Drilling at the North East Powderhouse (NEP) and Talia prospects was designed to test for mineralisation in folded silicified banded iron formation which occurs as interflow sediments within a mafic volcanic package approximately 1km west of the Pickle Crow deposit (Figure 11).

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Figure 11: Geology and drill results for the North East Powderhouse and Talia prospects

The concept was successfully proven, with anomalous intersections encountered in 5 out of 6 holes where assays have been received to date. Intersections include:

  • 4.9m @ 3.6g/t gold from 175m in hole RVDD0014

  • 10.5m @ 0.5g/t gold from 41m in hole RVDD0010

  • 4.0m @ 3.1g/t gold from 160.5m in hole RVDD0043

  • 2.2m @ 1.7g/t gold from 52.8m in hole RVDD0011

The mineralised core from hole RVDD0043 (Talia Zone) is shown in Figure 12. Mineralisation occurs in silicified banded iron with fine grained sulphides (dominantly pyrite with lesser pyrrhotite) that make up ~5% to 10% of the mineralised zone.

A similar exploration model to the Musselwhite Deposit (Newmont, +5Moz gold) is being utilised for exploration in this area, and information gathered from this drilling will be used to further vector into folded hinge zones within the BIF where high grade shoots may develop.

Assays for six holes are pending for the Talia Zone.

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Figure 12: Photograph of the significant intersection (4.0m @ 3.1g/t gold) in Talia hole RVDD0043. Assays are noted in Red.

IN-MINE RESOURCE EXTENSION

Since the beginning of the year, two rigs have been dedicated to testing for structural extensions and new veins in the mine area, which hosts a current Inferred Resource of 2.23Moz of gold at a grade of 7.8g/t.

Drilling between January and April has focused on definition of the Tyson vein discovery and the Shaft 3 area.

Results Summary

A summary of significant results from this release is presented in Figure 13.

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Figure 13: Map showing significant in-mine intersections reported in this release. Please see Appendix A Table 1 for a full list of intersections reported.

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Tyson Vein Drill Program

Step out and infill drilling was completed on the Tyson vein system located approximately 500 metres west of Shaft 3. The Tyson Veins are a series of stacked moderately north-west dipping quartz lodes that were discovered during 2021. The Tyson series consists of at least 4 separate vein structures.

Post discovery, the known vein system has now been drilled to a 160 metre by 80 metre drill spacing. The results successfully demonstrate continuity of both veining and mineralisation on a broad scale

Key results from the Tyson veins reported in this release include:

  • 7.8m @ 17.0g/t gold from 335.3m in hole AUDD0266

  • 1.2m @ 37.5g/t gold from 284.5m in hole AUDD0266

  • 0.3m @ 134.0g/t gold from 422.8m in hole AUDD0253

  • 1.3m @ 11.7g/t gold from 347.8 in hole AUDD0266

  • 2.5m @ 6.7g/t gold from 273m in hole AUDD0264

  • • 5.6m @ 5.0g/t gold from 441.9m in hole AUDD0266

  • 8.1m @ 3.3g/t gold from 615.8m in hole AUDD0260

  • 0.6m @ 18.5g/t gold from 540.6m in hole AUDD0253

  • 6.5m @ 2.4g/t gold from 196.2m in hole AUDD0264

Figure 14 is a schematic section through the Tyson veins showing the position of hole AUDD0266.

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Figure 14: Schematic cross section through the Tyson Veins, showing the location of hole AUDD0266 which successfully intersected four vein structures associated with the stacked system.

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Drillhole AUDD0266 intersected four distinct stacked mineralised structures in the one hole. The intersections included:

  • 1.2m @ 37.5g/t gold between 284.5m and 285.7m (Vein 2)

  • 7.8m @ 16.7g/t gold between 335.3m and 343.1m (Figure 15,16)

  • A barren zone of 4.7m, followed by a further 1.3m @ 11.7g/t gold between 347.8m and 349.1m

  • 5.6m @ 5.0g/t gold between 441.9m @ 447.5m

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Figure 15: Core photographs of hole AUDD0266, showing the intersection that graded 7.8m @ 16.7g/t gold. This is a newly discovered vein situated between Vein 2 and Vein 110.

The intersection of 7.8m @ 16.7g/t gold (Figure 15) contains numerous brittle quartz-carbonatescheelite-tourmaline veins within a foliated sericite altered quartz-feldspar porphyry. Coarse gold occurs as pin-head size clusters associated microfractures and fine pyrite (Figure 16).

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Figure 16: Visible gold occurrence in hole AUDD0266 at ~340.2m. The sample graded 103.0g/t gold

The vein system remains open along strike to the south-west and at depth. Infill drilling will be completed during the second half of 2022 with aim to determine sufficient continuity to declare further Resources.

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Shaft 3 Drilling

Drilling continued in the Shaft 3 area targeting vein material outside of the 2.23Moz Resource.

Key vein results returned in recent drilling include:

  • 1.6m @ 73.2g/t gold from 37.9m in hole AUDD0249

  • 1.9m @ 8.8g/t gold from 43.1m in hole AUDD0249

  • 4.0m @ 4.4g/t gold from 355.5m in hole AUDD0251

  • 5.4m @ 3.2g/t gold from 7.0m in hole AUDD0248

  • 0.4m @ 29.5g/t gold from 49.9m in hole AUDH0001

  • 2.6m @ 4.1g/t gold from 355.5m in hole AUDH0001

  • 1.0m @ 6.8g/t gold from 545.1m in hole AUDD0255

Drillhole AUDD0249 intersected multiple quartz lodes at a relatively shallow depth. A strongly mineralised structure hosted in sericite altered porphyry was encountered at 37.9 metres down hole. This zone contained an intersection of 1.6m @ 73.2g/t gold (Figure 17).

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Figure 17: Core from drillhole AUDD0249 with assays shown in red. The intersection from 37.9m grades 1.6m @ 73.2g/t gold, and includes a local area where the assay returned was 0.3m @ 361g/t gold. The red box notes the location of core in the photograph shown in Figure 18.

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The mineralisation was hosted predominantly within a discreet quartz-carbonate-scheelite vein with local areas of coarse visible gold particles >1mm in diameter (Figure 18). A weakly mineralised 3.6 metre wide zone of altered porphyry immediately followed the vein before another mineralised structure grading 1.9m @ 8.8g/t gold was intersected at 43.1 metres downhole.

Follow up drilling is planned the area in the June quarter of 2022.

Figure 18: Photograph of coarse visible gold in hole AUDD0249 (~38m down hole). The sample shown graded 0.3m @ 361g/t gold. The location the sample was collected from is denoted by a red box in Figure 17.

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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 has commenced a further 50,000m drill campaign, of which ~20,000m is planned for early stage targets outside of the current 2.23Moz Resource.

Detailed analysis and interpretation of regional exploration results is in progress. As the temperature increases, regional work will focus on summer field activities (mapping and sampling) in addition to a lease wide magnetic geophysical survey that will commence in late May 2022.

Drilling for the remainder of the current quarter will focus on extension and discovery proximal to the current Resource.

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 2.23 Moz at 7.8 g/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 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, 5/10/2021, 2/12/2021, 18/1/2022 and 15/2/2022. 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

As announced on 15 February 2022, "Resource increases by 500,000oz to 2.23Moz at 7.8g/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.

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 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 Comment
(m) (m) (m) (m) g/t Au
AUDD0179 704,586 5,710,883 340 160 62 606 22.30 22.60 0.30 2.38
211.20 214.65 3.45 2.47
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
AUDD0187 704,604 5,710,821 342 160 55 429 25.30 27.85 2.55 2.28
164.25 169.00 4.75 1.07
275.00 276.00 1.00 0.62
288.65 290.00 1.35 3.24
333.00 334.00 1.00 1.11
AUDD0210 704,226 5,710,554 342 160 65 645 40.00 40.55 0.55 1.22 Partial
Assay
252.50 253.20 0.70 1.12
614.45 615.35 0.90 1.27
AUDD0214 705,308 5,710,898 344 260 65 600 14.80 15.70 0.90 1.01
18.65 21.00 2.35 9.90
86.00 87.00 1.00 1.16
256.85 257.20 0.35 2.74
372.90 373.50 0.60 1.92
391.60 391.90 0.30 6.50
412.10 412.45 0.35 3.04
446.40 449.35 2.95 1.62
452.00 453.40 1.40 2.18
AUDD0216 704,332 5,710,525 343 160 55 531 143.80 144.10 0.30 1.99
345.90 346.20 0.30 1.54
348.00 348.30 0.30 2.80
AUDD0217 705,308 5,710,898 344 260 77 624 15.95 17.70 1.75 1.39
17.70 19.00 1.30 2.76
68.25 69.00 0.75 7.53
172.20 172.50 0.30 1.81
231.85 234.25 2.40 3.74
445.60 447.15 1.55 2.91

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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
459.10 460.15 1.05 1.44
461.85 462.20 0.35 1.46
483.35 483.85 0.50 1.79
AUDD0219 704,482 5,710,961 339 162 62 822 215.00 216.30 1.30 1.82 Partial
Assay
306.00 307.05 1.05 1.17
373.60 373.90 0.30 1.36
479.70 480.00 0.30 1.02
526.20 526.55 0.35 17.30
567.65 567.95 0.30 1.14
572.50 572.80 0.30 3.57
577.95 579.00 1.05 1.26
AUDD0223 704,381 5,709,744 350 300 60 372 103.15 106.30 3.15 3.40
AUDD0230 704,234 5,710,398 342 160 60 540 355.60 357.10 1.50 1.91
AUDD0232 704,286 5,710,583 344 162 77 1,062 27.60 28.40 0.80 1.50 Partial
Assay
114.55 114.90 0.35 1.17
115.40 115.90 0.50 2.05
330.25 331.20 0.95 1.38
733.85 734.55 0.70 1.27
736.60 737.65 1.05 1.25
826.50 827.85 1.35 4.02
834.60 834.95 0.35 1.66
858.35 858.70 0.35 2.39
860.15 860.45 0.30 8.27
871.70 872.15 0.45 1.97
AUDD0233 705,238 5,711,004 344 180 55 498 18.35 18.35 1.00 4.40
30.90 31.40 0.50 1.76
57.65 59.00 1.35 2.30
178.40 178.75 0.35 4.61
215.00 216.00 1.00 1.94
343.00 344.15 1.15 3.06
415.35 415.65 0.30 3.63
AUDD0234 704,385 5,709,709 352 300 55 348 143.65 144.45 0.80 2.08
AUDD0235 704,184 5,710,517 342 160 60 651 83.70 84.90 1.20 3.08
210.85 212.85 2.00 1.78
AUDD0236 704,351 5,709,621 351 320 58 498 120.50 120.85 0.35 1.64 Partial
Assay
286.00 286.75 0.75 2.27
299.55 300.70 1.15 1.06
301.70 302.00 0.30 1.47
397.45 397.75 0.30 1.38
AUDD0237 704,036 5,709,668 348 140 75 330 292.00 294.00 2.00 2.78 Partial
Assay
298.95 300.00 1.05 1.54
300.95 303.00 2.05 1.21

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length		 From To
Width		 To
Width		 Assay Comment
(m) (m) (m)
(m)		 g/t Au
AUDD0238 705,300 5,711,056 346 178 55 489 235.50 236.75 1.25 2.87 Partial
Assay
239.50 240.65 1.15 2.35
301.00 302.00 1.00 1.14
454.45 455.00 0.55 1.23
AUDD0239 704,332 5,709,728 352 300 60 300 258.15 258.50 0.35 1.31 Partial
Assay
AUDD0240 704,450 5,709,730 349 300 55 465 205.80 209.80 4.00 11.03
373.90 376.30 2.40 2.03
373.90 374.60 0.70 4.73
375.30 376.30 1.00 1.15
AUDD0241 704,421 5,709,684 351 300 70 603 Awaiting Assays
AUDD0242 705,367 5,711,096 349 180 50 612 12.65 13.20 0.55 1.79
340.55 341.65 1.10 2.39
452.00 452.55 0.55 1.80
AUDD0243 704,236 5,710,717 340 160 68 902 420.25 421.00 0.75 7.42
AUDD0244 704,421 5,709,684 351 300 70 674 319.15 319.80 0.65 2.65
AUDD0245 704,470 5,709,839 344 278 55 399 151.85 152.85 1.00 7.26
380.05 381.00 0.95 3.94
AUDD0246 705,434 5,711,140 350 180 50 627 9.35 16.60 7.25 33.26
inc: 9.95 10.35 0.40 587.00
11.90 12.55 0.65 2.72
15.55 16.60 1.05 1.63
177.80 178.20 0.40 1.98
208.50 208.85 0.35 1.08
384.00 386.30 2.30 1.48
416.45 416.75 0.30 1.60
418.70 419.00 0.30 1.83
447.40 448.40 1.00 1.01
457.60 457.95 0.35 5.147
529.80 530.70 0.90 3.49
565.30 565.70 0.40 1.06
568.00 568.30 0.30 2.63
AUDD0247 706,179 5,711,516 348 180 65 282 9.70 13.50 3.80 1.35
17.90 23.10 5.20 1.36
82.30 83.00 0.70 1.36
232.70 233.05 0.35 1.34
AUDD0248 704,890 5,710,803 341 160 65 102 6.95 12.30 5.35 3.16
inc: 6.95 7.25 0.3 16.2
inc: 9.25 9.65 0.4 10.8
AUDD0249 704,911 5,710,810 340 270 80 180 37.90 39.50 1.60 73.18
inc: 37.90 38.20 0.30 361.00
43.10 45.00 1.90 8.76
inc: 43.40 43.70 0.30 21.00

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length		 From To
Width
Assay		 To
Width
Assay		 To
Width
Assay		 Comment
(m) (m) (m)
(m)
g/t Au
inc: 43.70 44.00 0.30 17.90
150.00 151.50 1.50 2.52
AUDD0250 705,002 5,711,497 337 185 80 333 No significant assays
AUDD0251 704,898 5,710,717 341 260 80 300 9.65 13.60 3.95 4.39
96.40 97.45 1.05 4.66
inc: 96.40 96.80 0.40 10.10
98.95 100.05 1.10 1.63
119.30 120.95 1.65 1.69
128.05 128.40 0.35 3.69
147.55 148.70 1.15 2.35
218.65 219.15 0.50 1.50
237.75 238.05 0.30 5.22
AUDD0252 706,671 5,712,173 338 140 45 218 No significant assays
AUDD0253 704,723 5,711,156 338 160 62 819 278.40 278.70 0.30 2.04
422.75 423.05 0.30 134.00
540.55 541.15 0.60 18.45
inc: 540.55 540.85 0.30 28.60
574.35 575.30 0.95 2.13
585.00 586.20 1.20 1.60
588.00 590.20 2.20 1.06
615.65 615.95 0.30 1.28
AUDD0254 704,569 5,711,140 338 160 62 399 340.90 341.20 0.30 6.98 Partial
Assay
AUDD0255 705,002 5,711,497 337 185 74 915 490.60 491.00 0.40 1.17 Partial
Assay
492.95 494.00 1.05 1.97
545.05 546.00 0.95 6.57
564.40 564.70 0.30 1.82
629.75 630.05 0.30 1.00
748.20 748.60 0.40 4.20
797.50 798.30 0.80 1.14
AUDD0256 707,176 5,712,845 337 145 45 342 161.80 162.20 0.40 8.23
AUDD0257 704,569 5,711,140 338 160 62 849 192.05 192.35 0.30 1.15
192.95 193.35 0.40 1.27
346.40 347.70 1.30 2.18
349.10 349.40 0.30 5.60
468.10 468.40 0.30 2.93
508.05 508.85 0.80 1.43
711.50 712.30 0.80 1.68
764.75 765.70 0.95 1.21
AUDD0258 707,271 5,712,731 338 145 45 198 Awaiting Assays
AUDD0259 704,639 5,711,184 339 160 60 810 212.20 212.60 0.40 1.14 Partial
Assay
216.00 216.90 0.90 1.20
359.00 359.30 0.30 4.31

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length		 From To
Width
Assay		 To
Width
Assay		 To
Width
Assay		 Comment
(m) (m) (m)
(m)
g/t Au
386.15 386.50 0.35 4.13
560.25 560.60 0.35 1.26
AUDD0260 704,466 5,711,203 338 158 70 1,014 157.15 157.65 0.50 1.38 Partial
Assay
171.85 172.45 0.60 1.46
383.20 384.35 1.15 1.15
399.75 401.50 1.75 1.21
403.00 404.25 1.25 1.51
600.20 601.30 1.10 2.57
604.00 605.50 1.50 1.09
615.75 623.85 8.10 3.29
711.75 713.20 1.45 4.97
760.00 761.00 1.00 1.95
842.45 842.85 0.40 1.21
847.65 848.05 0.40 13.40
960.60 961.20 0.60 2.72
AUDD0261 707,346 5,712,645 338 145 50 201 68.25 69.50 1.25 1.15
82.35 82.80 0.45 2.14
AUDD0262 707,437 5,712,538 338 145 50 201 Awaiting Assays
AUDD0263 707,584 5,712,570 338 180 50 465 No significant assays
AUDD0264 704,631 5,710,967 339 160 62 675 81.70 82.15 0.45 4.49
91.40 91.80 0.40 2.33
196.20 202.70 6.50 2.37
inc: 201.70 202.10 0.40 14.20
272.95 275.40 2.45 6.70
inc: 274.00 274.40 0.40 40.10
279.90 281.20 1.30 3.14
293.70 295.10 1.40 2.75
404.75 405.75 1.00 1.31
444.80 445.20 0.40 1.79
AUDD0265 707,854 5,712,754 342 170 50 306 No significant assays
AUDD0266 704,714 5,710,974 340 161 62 696 284.50 285.70 1.20 37.52 Partial
Assay
inc: 285.30 285.70 0.40 112.00
335.30 343.10 7.80 16.71
inc: 337.30 337.80 0.50 132.00
inc: 339.30 339.70 0.40 28.30
inc: 339.70 340.10 0.40 103.00
347.75 349.00 1.25 11.66
inc: 347.75 348.20 0.45 31.20
441.90 447.45 5.55 5.03
inc: 444.05 444.45 0.40 17.60
inc: 446.10 446.50 0.40 21.10
455.30 458.10 2.80 2.43

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length		 From To
Width
Assay		 To
Width
Assay		 To
Width
Assay		 Comment
(m) (m) (m)
(m)
g/t Au
inc: 455.30 455.70 0.40 13.40
AUDD0267 707,609 5,712,785 340 165 50 312 Awaiting Assays
AUDD0268 704,506 5,709,771 348 300 63 795 Partial Assay
AUDD0269 707,334 5,712,579 340 190 49 237 116.70 118.00 1.30 5.64 Partial
Assay
AUDD0270 704,679 5,711,067 347 162 61 723 Awaiting Assays
AUDD0271 707,230 5,712,500 338 190 50 219 Awaiting Assays
AUDD0272 707,167 5,712,418 338 190 50 234 Awaiting Assays
AUDD0273 703,396 5,708,960 348 180 55 399 Awaiting Assays
AUDH0001 705,022 5,711,165 341 145 50 369 49.90 50.30 0.40 29.50 Partial
Assay
241.60 242.00 0.40 1.24
306.00 306.40 0.40 2.08
316.45 316.85 0.40 1.97
329.50 329.90 0.40 1.35
355.50 358.05 2.55 4.14
AUDH0002 704,789 5,710,898 341 190 50 150 51.80 54.25 2.45 3.31
inc: 52.20 52.65 0.45 14.90
67.80 68.45 0.65 5.74
93.00 94.00 1.00 2.67
AUDH0003 704,868 5,710,798 342 160 60 201 6.90 8.70 1.80 1.46
11.55 12.75 1.20 15.89
inc: 12.35 12.75 0.40 22.40
AUDH0004 705,003 5,710,694 343 245 55 162 Awaiting Assays
AUDH0005 704,172 5,709,524 354 160 50 129 Awaiting Assays
AUDH0006 705,097 5,711,236 341 175 55 198 Awaiting Assays
RVDD0001 703,253 5,708,285 359 180 55 156 No significant assays
RVDD0002 703,301 5,708,298 359 180 55 150 No significant assays
RVDD0003 703,365 5,708,303 362 180 55 99 No significant assays
RVDD0004 703,365 5,708,303 362 180 55 216 61.00 61.40 0.40 1.25
190.70 191.00 0.30 8.02
RVDD0005 703,075 5,708,224 357 140 55 153 69.90 70.35 0.45 7.63
RVDD0006 703,063 5,708,155 359 140 55 153 No significant assays
RVDD0007 703,190 5,708,561 355 230 55 102 No significant assays
RVDD0008 703,293 5,708,722 353 180 55 180 42.10 42.70 0.60 1.14
152.40 152.70 0.30 1.07
RVDD0009 703,390 5,708,836 351 145 55 150 No significant assays
RVDD0010 703,334 5,709,990 350 300 51 369 27.00 28.30 1.30 0.90
41.00 51.50 10.50 0.50
RVDD0011 703,290 5,709,912 353 300 51 171 48.00 48.60 0.60 0.68
52.80 55.00 2.20 1.17
68.00 69.00 1.00 0.53
RVDD0012 703,285 5,709,813 349 300 50 102 No significant assays
RVDD0013 703,285 5,709,812 349 250 50 207 62.55 63.10 0.55 0.96

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Hole No. Easting Northing Elevation Azimuth Dip Drilled
Length		 From To
Width
Assay		 To
Width
Assay		 To
Width
Assay		 Comment
(m) (m) (m)
(m)
g/t Au
RVDD0014 703,399 5,709,883 346 300 50 242 175.00 179.85 4.85 3.58
RVDD0015 703,356 5,710,028 351 210 60 372 No significant assays
RVDD0016 703,952 5,711,569 343 180 50 216 116.45 117.10 0.65 26.20
147.00 149.10 2.10 91.96
inc: 147.85 148.35 0.50 382.00
156.30 156.80 0.50 4.62
159.35 162.30 2.95 1.00
RVDD0017 703,906 5,711,525 342 180 50 108 Awaiting Assays
RVDD0018 703,932 5,711,461 342 181 50 171 17.75 18.50 0.75 11.28 Partial
Assay
RVDD0019 704,018 5,711,480 342 180 51 171 32.00 33.20 1.20 3.65 Partial
Assay
RVDD0020 704,042 5,711,539 342 180 50 108 Awaiting Assays
RVDD0021 702,208 5,708,910 355 180 45 108 Awaiting Assays
RVDD0022 702,265 5,708,920 350 180 45 228 126.85 130.30 3.45 7.61 Partial
Assay
inc: 129.40 129.70 0.30 62.90
RVDD0023 702,255 5,708,988 357 180 45 261 193.40 194.10 0.70 1.17 Partial
Assay
201.70 202.30 0.60 2.12
204.40 206.00 1.60 1.29
RVDD0024 702,326 5,708,926 355 181 45 297 Awaiting Assays
RVDD0025 702,315 5,708,693 354 220 50 288 Awaiting Assays
RVDD0026 702,419 5,708,850 355 190 50 228 Awaiting Assays
RVDD0027 701,029 5,708,701 352 140 45 288 Awaiting Assays
RVDD0028 702,504 5,708,921 356 190 50 246 Awaiting Assays
RVDD0029 702,209 5,708,910 355 180 45 210 Awaiting Assays
RVDD0030 703,278 5,708,561 354 180 55 210 Awaiting Assays
RVDD0031 702,614 5,708,837 356 190 50 151 Awaiting Assays
RVDD0032 703,302 5,708,627 353 180 55 147 Awaiting Assays
RVDD0033 702,672 5,708,830 357 189 50 153 Awaiting Assays
RVDD0034 703,154 5,708,316 357 180 55 180 Partial Assays
RVDD0035 702,655 5,708,890 357 190 50 176 Awaiting Assays
RVDD0036 703,366 5,708,300 362 160 60 201 Partial Assays
RVDD0037 703,350 5,709,230 343 150 50 189 Awaiting Assays
RVDD0038 703,270 5,709,222 354 150 50 195 Awaiting Assays
RVDD0039 703,197 5,709,147 355 150 50 180 Awaiting Assays
RVDD0040 703,114 5,709,129 363 150 50 147 Awaiting Assays
RVDD0041 703,107 5,709,125 364 150 55 236 Awaiting Assays
RVDD0042 703,356 5,709,311 349 190 55 231 Awaiting Assays
RVDD0043 703,349 5,709,523 347 190 45 255 160.50 164.45 3.95 3.08 Partial
Assay

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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
specialised industry standard measurement core was recovered from drilling. Noramco drilling,
tools appropriate to the minerals under CP- 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
appropriate calibration of any measurement historical drillholes) intervals or defined by geological
tools or systems used. boundaries 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
• In cases where ‘industry standard’ work has prepared for analysis using a jaw crusher which was
been done this would be relatively simple cleaned with a silica abrasive between samples
(eg ‘reverse circulation drilling was used to resulting in 90% of the sample passing through an 8
obtain 1m samples from which 3 kg was mesh screen. A split of the crushed sample weighing
pulverised to produce a 30 g charge for fire 1000g was then pulverised to 90% passing a 150
assay’). In other cases, more explanation mesh screen. Sample pulps were analysed for gold
may be required, such as where there is by Fire Assay using 50g sample charge with atomic
coarse gold that has inherent sampling absorption spectroscopy (AAS) finish. If the returned
problems. Unusual commodities or assay result was equal to or greater than 5g/t then
mineralisation types (eg submarine the sample was reassayed by Fire Assay with a
nodules) may warrant disclosure of detailed gravimetric finish. Samples from historical diamond
information. drilling programs conducted 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.
• 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
Bangka, sonic, etc) and details (eg core was recovered from drilling. Noramco drilling, CP-
diameter,triple or standard tube,depth of prefix is BQ diameter(36.5mm). All other drillingis

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

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
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 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 • The nature, quality and appropriateness of • Samples were submitted to ALS Chemex in Thunder
and 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
analysis including instrument make and mesh screen. Sample pulps were analysed for gold
model, reading times, calibrations factors by Fire Assay using 50g sample charge with atomic
applied and their derivation, etc. absorption spectroscopy (AAS) finish. If the returned
• Nature of quality control procedures assay result was equal to or greater than 5g/t then
adopted (eg standards, blanks, duplicates, the sample was reassayed by Fire Assay with a
external laboratory checks) and whether gravimetric finish. . Samples from historical diamond
acceptable levels of accuracy (i.e. lack of drilling programs conducted between 1981 and 2008
bias) and precision have been established. 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.
• 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 samplingsee document ‘Updated Mineral

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
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.
Verification of • The verification of significant intersections • Historical significant intersections quoted have been
sampling and assaying by either independent or alternative verified by Independent Geological Consultants
company personnel. Micon International Limited. For more details see
• The use of twinned holes. document ‘Updated Mineral Resource Estimate for
• Documentation of primary data, data entry the Pickle Crow Property, Patricia Mining Division,
procedures, data verification, data storage Northwestern Ontario, Canada’ NI-43-101 dated 15
(physical and electronic) protocols. June 2018 and available from System for Electronic
• Discuss any adjustment to assay data. Document 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- 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
locate drill holes (collar and down-hole Gold prefix) were surveyed by third party contractors
surveys), trenches, mine workings and Delta Surveying and J.D.Barnes of Thunder Bay to
other locations used in Mineral Resource with +/- 1m using an SX Blue. For all other drilling
estimation. hole collars were converted from local grids or
• Specification of the grid system used. digitised from georeferenced maps. Where possible
these historical surface drillholes have been re-

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
• Quality and adequacy of topographic located, surveyed and verified in the field. Drillhole
control. 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 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.
Data spacing and • Data spacing for reporting of Exploration • Due to the nature of mineralisation the hole spacing
distribution Results. is 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
for the Mineral Resource and Ore Reserve resource 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 • Whether the orientation of sampling • Drill hole orientations were designed to test
relation to geological achieves unbiased sampling of possible perpendicular or sub-perpendicular to the orientation
structure structures and the extent to which this is of the intersected mineralisation. Drilling was
known, considering the deposit type. typically oriented perpendicular to the trend of
• If the relationship between the drilling geophysical anomalism and the mapped strike and
orientation and the orientation of key dip of observed mineralisation on surface and
mineralised structures is considered to elsewhere in theproject area.

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
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.
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 upto 80% of the Pickle Crow

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
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 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 Crowproperty. Northern

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Criteria JORC Code explanation Commentary
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 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

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Criteria JORC Code explanation JORC Code explanation JORC Code explanation Commentary Commentary
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 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 as well as the
o easting and northing of the drill hole current release for drill hole information for all
collar reported drill holes for this JORC 2012 Table 1 and
o elevation or RL (Reduced Level – in accordance with ASX listing rule 5.7.2.
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
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 and Appendix A
procedure used for such aggregation 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 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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