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FireFly Metals Ltd. Interim / Quarterly Report 2021

Apr 28, 2021

48548_rns_2021-04-28_bb85dad5-3a7c-4c01-a189-c43cfba8d816.pdf

Interim / Quarterly Report

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ASX: AUT 29 April 2021

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MARCH 2021 QUARTERLY ACTIVITIES REPORT

Highly successful exploration campaign to underpin July Resource update

Host of high-grade results outside the 1Moz Resource at Pickle Crow, Canada

Auteco Minerals (Auteco or the Company) (ASX: AUT) is pleased to report on what has been a highly successful March quarter, with drilling returning a host of high-grade results which will underpin the Resource update planned for July.

KEY POINTS – OPERATIONAL

  • Auteco’s key focus in the quarter was on growing the Resource[1] (1Moz at 11.3 g/t) at Pickle Crow

  • An additional 176 square kilometre[2] land holding within the Pickle Lake greenstone belt was secured along strike of known mineralised structures

  • The current 45,000m drill campaign remains on track for completion by mid-year, with 30,000m completed by 31 March 2021. Up to five rigs were active on site during the quarter

  • Drilling[3] continued to identify additional high-grade gold mineralisation outside the Inferred Resource

  • Intersections from newly discovered veins outside of the Inferred Resource include:

  • 5.6m @ 33.4g/t gold from 20.3m in hole AUDD0078 (New Structure)

  • 0.3m @ 315.4 g/t gold from 41.7m in hole AUDD0102 (New Structure)

  • 1.0m @ 34.9 g/t gold from 191.2m in hole AUDD0104 (New Structure)

  • 1.2m @ 29.7 g/t gold from 249.7m in hole AUDD0079 (New Structure)

  • 1.6m @ 16.7 g/t gold from 12.7m in hole AUDD0077 (New Structure)

  • 2.3m @ 7.8 g/t gold from 39.8m in hole AUDD103 (New Structure)

  • 0.5m @ 33.7 g/t gold from 302.2m in hole AUDD120 (New Structure)

  • 4.0m @ 3.6 g/t gold from 432m in hole AUDD107 (New Structure)

  • In addition to the newly discovered veins, step out drilling extended the known mineralised vein structures outside of the Inferred Resource. Results included:

  • 0.6m @ 313.0 g/t gold from 338.8m in hole AUDD0119 (~20m extension to known vein)

  • 5.0 @ 9.5g/t gold from 46.2m in hole AUDD0092 (~120m extension to known vein)

  • 1.5m @ 19.3 g/t gold from 250.5m in hole AUDD102 (~20m extension to known vein)

  • 4.0m @ 5.9 g/t gold from 420m in hole AUDD0056 (~80m extension to known vein)

  • 2.0m @ 8.2 g/t gold from 396.5m in hole AUDD0056 (~80m extension to known vein)

  • 1.6m @ 6.1 g/t gold from 168.5m in hole AUDD085 (~80m extension to known vein)

  • 1.2m @ 11.9 g/t gold from 382.1m in hole AUDD112 (~160m extension to known vein)

  • 1.2m @ 8.0 g/t gold from 459.6m in hole AUDD100 (~70m extension to known vein)

1 See ASX release dated 1 September 2020 for details of the Resource

2 See ASX release dated 28 January 2021 information relating to ground additions during the quarter

3 See ASX releases dated 19 January 2021 and 7 April 2021 for details of drill results reported for the 2021 March quarter

ASX: AUT

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

Ray Shorrocks - Executive Chairman Michael Naylor - Non-Executive Director Stephen Parsons - Non-Executive Director Nicholas Katris - Company Secretary

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

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  • Drilling planned for the June quarter will focus primarily on establishing the continuity of newly discovered mineralisation to bring these areas into the Resource estimate.

  • Auteco intends to accelerate exploration activities in the June quarter, with vein corridors to the north and south of the Pickle Crow mine area to undergo initial drill testing

  • The updated Resource estimate as at 30 June 2021 is anticipated to be completed and reported in early July

  • A 1,233m 7-hole RC drill program was completed at the Limestone Well Vanadium project in Western Australia during the quarter (JV with Mithril, Auteco earning to 80%). Assay results are pending

KEY POINTS – CORPORATE

  • Auteco is well funded to continue its growth strategy with cash reserves of ~A$26.8M at 31 March 2021

  • The Company successfully completed the Stage 1 earn-in expenditure requirements[4] to secure 51% of Pickle Crow project (CAD$5M over 3 years). A General Meeting of shareholders is scheduled to be held on 13 May 2021 to approve the issue of 100 million shares to First Mining as per the Pickle Crow Earn-In Agreement

  • Auteco remains on track to secure 80% of the Pickle Crow project by the end of this calendar year

  • Auteco was notified of inclusion into the All Ordinaries S&P/ASX 500 Index during the quarter

  • Experienced mining executive Darren Cooke commenced as Chief Operating Officer during the quarter

Auteco Executive Chairman Ray Shorrocks said: “It has been a highly successful quarter, marked by the strong drilling results which have extended the known mineralisation and led to the discovery of new veins.

“These results are high-grade and outside the existing 1Moz Resource, meaning they will form part of the Resource update set for July.

“We are continuing to drill flat-out, with several rigs targeting areas of known high-grade mineralisation to bring them into the Resource, with mineralisation open in all directions”.

Mr Shorrocks said the Company’s strong belief in the prospectivity of the region was highlighted by its decision to secure another 176km[2] along strike from its current Pickle Crow landholding.

“We now have 496km[2 ] of under-explored, highly prospective ground in one of Canada’s most prolific and highgrade gold districts,” he said.

“We have completed the Stage 1 earn in requirements for a 51% stake in the Pickle Crow project, and it is a testament to the dedication of our team that we have achieved this within the first year of taking management responsibility for the project.

“We are well funded to deliver our exploration and growth plans at Pickle Crow, and look forward to continuing to grow the project.”

4 See ASX release dated 28 January 2020 for details of the Pickle Crow Earn-in Agreement with First Mining

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ABOUT THE GROWTH AND EXPLORATION PROGRAM

Auteco has a detailed and systematically phased strategic plan designed to unlock the potential of the Pickle Crow deposit in Ontario, Canada (Figure 1).

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Figure 1: Pickle Crow Strategic Work Plan to Mid-2021. The forward work plan timetable is indicative and is subject to change.

A 45,000m drill program is underway with the key objectives of:

  • Extending and discovering mineralised vein structures proximal to historic workings and outside of the current Inferred Resource (1Moz at a grade of 11.3g/t gold)

  • Infill drilling of newly extended or discovered vein structures, with the aim of delivering an updated mineral Resource estimate as at 30 June 2021

  • First pass testing of regional drill targets away from the main Pickle Crow deposit

To date, a total of 120 diamond drill holes for 31,160m are complete, with assays yet to be received for 21 holes (refer to ASX release 7/04/2021), with the balance of the assay results expected to be received and reported during the June quarter. The drilling thus far has focused exclusively on near mine extensions and discovery of mineralised structures outside of the reported Inferred Resource.

In the short term, the program will transition towards infill drilling aiming to provide sufficient data density on newly identified or extended structures to enable calculation of an updated mineral Resource estimate. Concurrently, at least one drill rig will be allocated to complete preliminary testing of the high-quality drill targets within the 496km[2] of regional tenure held by Auteco in the greater Pickle Crow camp.

PICKLE CROW, EXPLORATION AND GEOLOGICAL DETAIL

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. Historically between 1935 and 1966, 1.5Moz of gold at a grade of 16.1 g/t was mined from more than 10 individual quartz reefs. To date more than 30 individual veins have been identified proximal to underground shaft infrastructure (Shaft 1, Shaft 3, and Albany Shaft). Exploration results have been grouped based on proximity to the three main production shafts.

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Drilling completed in the period has identified several new high grade gold veins and the extensions of previously known structures proximal to Shaft 1 & 3 (Figure 2). Mineralisation remains open in all directions on targeted structures, and work will now focus on defining high-grade gold shoots within the mineralised envelopes. Key results included:

Shaft 1

  • 2m @ 8.2 g/t gold from 396.5m in AUDD0056 – Extension of Structure

  • 4m @ 5.9 g/t gold from 420m in AUDD0056 – Extension of Structure

Shaft 3

  • 1.6m @ 16.7 g/t gold from 12.7m in hole AUDD0077 – New Structure

  • 5.6m @ 33.4 g/t gold from 20.3m in hole AUDD0078 – New Structure

  • 0.3m @ 315.4 g/t gold from 41.7m in hole AUDD0102 – New Structure

  • 0.6m @ 313.0 g/t gold from 338.8m in hole AUDD0119 – Extension of Structure

  • 4.95 @ 9.5 g/t gold from 46.15m in hole AUDD0092 – Extension of Structure

  • 1.2m @ 29.7 g/t gold from 249.7m in hole AUDD0079 – New Structure

  • 1m @ 34.9 g/t gold from 191.2m in hole AUDD0104 – New Structure

  • 1.45m @ 19.3 g/t gold from 250.45m in hole AUDD102 – Extension of Structure

  • 2.3m @ 7.8 g/t gold from 39.8m in hole AUDD103 – New Structure

  • 0.5m @ 33.7 g/t gold from 302.2m in hole AUDD120 – New Structure

  • 1.2m @ 11.9 g/t gold from 382.1m in hole AUDD112 – Extension of Structure

  • 4.0m @ 3.6 g/t gold from 432m in hole AUDD107 – New Structure

Results from the Shaft 3 area summarised in Figure 3. Recent near mine extensional drilling has been focused on defining shallow, high-grade mineral resources. The significant intercepts above have been selected to demonstrate prospectivity. For comprehensive results please refer to the relevant ASX announcements referred to in the section marked JORC Compliance Statements.

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Figure 2: Summary of extensional drilling results completed by Auteco. Collars positions of drill holes are colour coded by maximum metal accumulation intersections (grade multiplied by width) encountered in the hole.

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Figure 3: Plan View of Shaft 3 drilling area highlighting location of recent drilling. Collars represented as max gram x metre results (gm), Yellow labels represent intervals subject to this release, results <10gm not represented by labels (refer to ASX release 19/01/2021).

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Multiple occurrences of visible gold were observed with Individual grades of up to 315.4 g/t gold returned in AUDD0102 (Figure 4). The Vein 2 hangingwall structure encountered in hole AUDD0092 contained multiple laminated auriferous quartz veins in altered mafic volcanics over a width of 4.95 metres.

Figure 4: AUDD0102: Visible gold in laminated quartz-tourmaline-gold vein within strongly sericite-calcite-pyrite altered Mafic Volcanics in the shaft 3 area. Sample 30cm at 315.4 g/t gold from 41.7m. Diamond core NQ diameter (image 47.6mm width).

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REGIONAL EXPLORATION

Auteco completed a ground magnetic survey as part of its regional exploration program to identify geophysical signatures associated with high grade, Quartz-Scheelite-Tourmaline-Gold bearing structures at Shaft 1 (Vein 1 and Vein 5 targets). This newly acquired data provides a greater level of detail in comparison to previous airborne surveys.

The survey highlighted displacement and demagnetisation of the magnetic Banded Iron Formation coincident with mineralised cross structures (Figure 5). Analogous geophysical target signatures have now been identified both to the South West of Vein 5 and in the Crowshore area to the North East of the Albany shaft. Neither of the target areas have been historically drilled, and represent compelling targets that will undergo preliminary testing by Auteco in coming months.

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Figure 5: High quality ground magnetic survey data completed by Auteco in the Shaft 1 (left) and Crowshore (right) areas. Structural displacement of the BIF units is observed, in addition to demagnetisation at structural intersections.

EXPANDED LAND HOLDING AT PICKLE CROW

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In January 2021, Auteco announced it secured a large, highly strategic land holding along strike from Pickle Crow gold project in Ontario, Canada. It has increased its land position around the high-grade, tenure to more than 496km[2] (Figure 6).

This additional staking adds 12km of the highly prospective Tarp Lake Shear Zone.

The increased land holding staked by Auteco is subject to the earn-in agreement entered into with First Mining Gold Corp on 12 March 2020 (refer to ASX release 13 March 2020) which has the option to allow some or all the increased land holding to form part of the earn-in and joint venture on the Pickle Crow Gold Project.

Figure 6: Location of the landholding surrounding the HighGrade, Pickle Crow Gold Project.

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LIMESTONE WELL, EXPLORATION AND GEOLOGICAL DETAIL

Auteco Minerals is earning up to 80% of the Limestone Well Vanadium – Titanium project in Western Australia via joint venture[5] with Mithril Resources (ASX:MTH). The joint venture agreement was entered into prior to Auteco commencing the Pickle Crow joint venture.

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Limestone Well is located in the Barrambie igneous complex, which is a fractionated layered mafic intrusion. Vanadium and Titanium mineralisation is associated with ilmenite-magnetite rich layers. The project is located along strike of the Neometals Barrambie project.

As part of the earn-in expenditure commitment, Auteco completed a seven-hole 1,233m RC program during the quarter (Figure7). Assay results are pending.

Figure 7: Location of drilling completed at the Limestone Well JV during the March quarter 2021. Assays are pending.

CORPORATE

CASH POSITION

Auteco ended the quarter in a strong cash position with cash reserves of ~A$26.8M.

During the March 2021 quarter;

  • Net cash used in exploration activities (expensed and capitalised) totalled ~$2.3M; and

  • Payments to related parties of the Company and their associates for Executive and Non-executive Directors fees, including (where applicable) superannuation totalled ~$118K, as reported at item 6.1 of the Appendix 5B.

Further details with respect to Consolidated quarterly cash flows are available in the Appendix 5B.

ADDITION TO ALL ORDINARIES INDEX

As part of the S&P/ASX Indices Quarterly Rebalance, Auteco was added to the All Ordinaries Index, effective at open of trading on 22 March 2021.

The index represents the 500 largest companies in the Australian equities market.

5 Please refer to ASX release from Monax Mining Ltd dated 20 August 2018 for details of the Limestone Well JV earn-in agreement.

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STAGE 1 EARN IN COMPLETED

In March, Auteco completed the Stage 1 Earn In expenditure requirements for the Pickle Crow Gold Project pursuant to the terms of the Earn In Agreement announced on 28 January 2020.

Auteco has capacity to earn up to 80% of the project, and with the current planned expenditure should see the 80% milestone achieved by the end of 2021.

CHANGE OF AUDITOR

During the quarter, Auteco appointed Ernst & Young as its auditor, effective 2 February 2021.

In accordance with s327C of the Act, a resolution will be tabled at the Company’s 2021 Annual General Meeting to confirm the appointment of EY as the Company’s auditor.

HEALTH & SAFETY

COVID-19 prevention practices remained in place at Pickle Crow, which has recorded nil cases to date.

The Pickle Crow gold Project 12-month rolling average Lost Time Injury Frequency Rate (LTIFR) as of 31 March 2021 remains at zero (0.0). There were no reportable incidents recorded during the quarter.

For and on behalf of the Board.

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Ray Shorrocks

Media:

Executive Chairman Paul Armstrong Auteco Minerals Ltd Read Corporate Phone: +61 8 9220 9030 +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 sub-province of Ontario, Canada.

The Pickle Crow Gold Project currently hosts a JORC 2012 Mineral Resource of 1 Moz at 11.3 g/t gold, with a 45,000m drilling program underway to expedite Resource growth.

Pickle Crow is one of Canada’s highest-grade gold mines – which historically produced 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.au

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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.

JORC COMPLIANCE STATEMENTS

Information regarding Exploration Results and Mineral Resource estimates referred to in this announcement were first reported in accordance with ASX Listing Rule 5.7 in the following previously released announcements:

  • 28/01/2020, Acquisition of Pickle Crow High-Grade Gold Project;

  • 26/03/2020, Drill Targets Identified at Pickle Crow Gold Project;

  • 01/09/2020, Resource Grows to 1 Moz at 11.3 g/t Gold at Pickle Crow;

  • 11/11/2020 High-Grade Drill Results Include 17 g/t Gold at Pickle Crow;

  • 19/01/2021 Shallow High-Grade Gold Lodes Identified Outside Resource; and

  • 7/04/2021 Discovery of more high-grade gold to help drive upcoming Resource increase.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements above, and in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements 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 announcements.

The Inferred Resource Estimate of 1Moz @ 11.3 g/t gold announced on the ASX 1 September 2020 is from within a 3.5km section of the core mineralised shear zone and incorporates multiple high-grade Lodes within a large, mineralised corridor. All resources are reported at a 3.5 g/t gold lower cut-off which is deemed acceptable based on industry costings associated with the likely mining method (narrow vein underground). 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 announcement continue to apply and have not materially changed.

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TENEMENT HOLDINGS AND MOVEMENTS

Mining tenements held at the end of March 2021 quarter:

Auteco Minerals Ltd

Western Australia

PROJECT TENEMENT NO. STATUS INTEREST DETAILS TENURE HOLDER
Limestone Well E20/846 Granted 0% Earning up to 80% Mithril Resources Ltd
Limestone Well E57/1069 Granted 0% Earning up to 80% Mithril Resources Ltd

Monax Alliance Pty Ltd

South Australia

South Australia
PROJECT TENEMENT NO. STATUS INTEREST TENURE HOLDER
Kulitjara ELA 2013/168 Application 100% Monax Alliance Pty Ltd
Anmuryinna ELA 2013/169 Application 100% Monax Alliance Pty Ltd
Poole Hill ELA 2013/170 Application 100% Monax Alliance Pty Ltd

Revel Resources (JV Project) Ltd

Ontario, Canada

Ontario, Canada
PROJECT TENEMENT NO. STATUS INTEREST TENURE HOLDER
Pickle Crow 625653 to 625936 Granted 100%* Revel Resources (JV Projects) Ltd
625949 to 625971
626339 to 626615
627834 to 628001
628189 to 628334
  • Landholding staked by Auteco is subject to the earn-in agreement entered into with First Mining Gold Corp on March 12, 2020 (refer ASX release 13 March 2020) which has the option to allow some or all the increased landholding to form part of the earn-in and joint venture on the Pickle Crow Gold Project.

Revel Resources Ltd

Ontario, Canada

Ontario, Canada
PROJECT TENEMENT NO. STATUS INTEREST TENURE HOLDER
Trappers Cabin 604520 to 605119 Granted 100% Revel Resources Ltd
605437 to 605480
Gold Thrust 605481 to 605784 Granted 100% Revel Resources Ltd

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Revel Resources (JV Project) Ltd

Ontario, Canada

Pickle Crow Project: Auteco has entered into a binding term sheet agreement to acquire up to 80% of the Pickle Crow Gold Project through PC Gold Inc, which is a wholly owned subsidiary of First Mining Ltd. For further details refer to ASX announcements on the 28/01/2020 and 17/02/2020.

TENEMENT NO.

102631 118095 153013 171655 196962 218448
102632 118115 153037 171905 196963 218449
102636 118121 153039 173067 196967 to 196969 218450
102637 118227 153040 173068 196984 to 196986 218470
102655 118288 153068 173091 202396 218471
102656 124493 to 124496 153615 173136 203622 218480
102688 124519 153617 173138 207336 218481
102716 124522 153633 173544 207590 219051 to 219055
102717 124523 153740 173853 207603 219145 to 219147
102720 125042 153741 173854 207626 219166
102773 125043 153759 173875 207649 219167
102796 125075 154984 182415 207652 to 207655 220349
102797 125076 154985 182433 207657 220350
102827 125145 155002 182434 207720 220351
102882 125147 155022 182438 208244 225800 to 225802
102979 125150 157233 182440 208316 225804
103184 125151 157234 182468 208340 225818
103203 125176 161424 182472 208385 225819
112269 125177 169618 182473 208401 225833 to 225835
112270 125772 169638 183017 208405 226401
117286 125797 169639 183069 208406 226403
117311 125837 169646 183090 to 183093 208936 227038
117314 125856 169672 183115 208938 227086
117315 127040 169674 183118 209208 227087
117334 127041 169675 188411 209914 227106
117335 127444 169709 to 169711 188414 209915 227793
117935 135139 170264 188415 210048 227821
117936 137058 to 137060 170269 188422 to 188446 215596 227822
117942 137199 170280 188502 217803 238344
117947 137200 170281 188519 217811 238522
117948 137848 170302 to 170304 188547 217812 247646
117969 143310 170362 189122 218333 247647
117970 147879 170363 189170 218335 249298
117977 151198 170889 189214 218362 to 218365 257912
117998 152985 170936 189695 218368 265530
117999 152991 to 152993 170957 189900 218369 265531
118002 152998 171607 189903 218381 265581
118032 153006 to 153009 171632 189922 218392 265585
118094 153012 171633 189923 218393 265601

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265604 285709 321673 344745 PA 63 PA 730
265623 285732 321683 345282 PA 637 PA 735
265624 285734 321699 345328 PA 638 PA 736
266182 285759 321700 345347 PA 639 PA 737
266185 286396 322281 345348 PA 64 PA 738
266188 286415 322284 562622 PA 640 PA 739
266203 287100 322303 562636 PA 644 PA 740
266205 287122 322304 562648 to 562779 PA 646 PA 741
266847 287631 322361 562781 PA 65 PA 742
266850 292388 322387 571385 to 571495 PA 66 PA 743
267574 292389 322388 571497 to 571541 PA 665 (PA 2073) PA 744
272992 292410 322949 571543 to 571574 PA 666 (PA 2076) PA 745
273007 292411 322950 571576 to 571592 PA 667 (PA 2077) PA 746
273011 292412 322951 572071 to 572089 PA 668 (PA 2075) PA 747
273012 292416 323594 572133 to 572166 PA 669 (PA 2078) PA 748
273017 292417 323613 to 323616 572168 to 572182 PA 67 PA 749
273572 292431 323620 572215 to 572264 PA 670 (PA 2070) PA 750
273618 292453 323640 572380 to 572428 PA 671 (PA 2074) PA 751
273619 292454 324716 572561 to 572606 PA 675 PA 755
273620 292455 325337 572608 PA 676 PA 756
273642 293007 325338 572609 PA 677 PA 757
273643 293008 333761 572686 to 572735 PA 68 PA 758
273644 293009 334628 574592 to 574691 PA 684 PA 759
273663 293032 334629 574742 to 574791 PA 685 PA 760
273664 293035 335092 574842 to 574863 PA 686 PA 761
274255 293058 335442 PA 185 (PA 2061) PA 69 PA 762
274303 293547 335443 PA 186 (PA 2062 & PA 696 PA 763
274325 293548 335446 PA 187 (PA2063) PA 697 PA 773
275021 293675 335468 PA 188 (PA 2064) PA 698 PA 774
275022 293710 344008 PA 189 (PA 2065) PA 699 PA 775
275031 294406 344010 PA 199 (PA 2067) PA 70 PA 776
275087 294432 344012 PA 200 (PA 2068) PA 700 PA 777
275551 294433 344013 PA 201 (PA 2066) PA 701 PA 778
276008 305805 344014 PA 2011 PA 702 PA 779
285057 to 285060 312407 344029 PA 202 (PA 2069) PA 703 PA 780
285069 312408 344030 PA 2062A) PA 704 PA 781
285076 312492 344031 PA 2071e (PA 2071 PA 705 PA 90 (PA 2161)
285088 to 285091 321608 344580 to 344584 & PA 2072) PA 706 PA 91 (PA 2157)
PA 2133
285629 321614 344633 PA 707 PA 92 (PA 2158)
PA 2139
285634 321616 to 321619 344637 PA 725 PA 93 (PA 2159)
PA 2140
285635 321622 344655 PA 726 PA 94 (PA 2162)
PA 2141
285652 321636 344659 PA 727 PA 95 (PA 2163)
PA 2185
285657 321667 344681 PA 728 PA 96 (PA 2160)
PA 2586
285708 321669 344683 PA 729

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Mining Tenements and Beneficial Interests acquired during the March 2021 Quarter:

Revel Resources (JV Projects) Ltd

Ontario, Canada

Ontario, Canada
PROJECT TENEMENT NO. STATUS INTEREST TENURE HOLDER
Pickle Crow 625653 to 625936 Granted 100%* Revel Resources (JV Projects) Ltd
625949 to 625971
626339 to 626615
627834 to 628001
628189 to 628334
  • Landholding staked by Auteco is subject to the earn-in agreement entered into with First Mining Gold Corp on March 12, 2020 (refer ASX release 13 March 2020) which has the option to allow some or all the increased landholding to form part of the earn-in and joint venture on the Pickle Crow Gold Project.

Revel Resources Ltd

Ontario, Canada

PROJECT TENEMENT NO. STATUS INTEREST TENURE HOLDER
Trappers Cabin 604520 to 605119 Granted 100% Revel Resources Ltd
605437 to 605480
Gold Thrust 605481 to 605784 Granted 100% Revel Resources Ltd

Mining Tenements and Beneficial Interests Disposed of during the March 2021 Quarter:

Nil

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