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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
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Auteco’s key focus in the quarter was on growing the Resource[1] (1Moz at 11.3 g/t) at Pickle Crow
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An additional 176 square kilometre[2] land holding within the Pickle Lake greenstone belt was secured along strike of known mineralised structures
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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
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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:
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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)
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1.0m @ 34.9 g/t gold from 191.2m in hole AUDD0104 (New Structure)
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1.2m @ 29.7 g/t gold from 249.7m in hole AUDD0079 (New Structure)
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1.6m @ 16.7 g/t gold from 12.7m in hole AUDD0077 (New Structure)
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2.3m @ 7.8 g/t gold from 39.8m in hole AUDD103 (New Structure)
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0.5m @ 33.7 g/t gold from 302.2m in hole AUDD120 (New Structure)
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4.0m @ 3.6 g/t gold from 432m in hole AUDD107 (New Structure)
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In addition to the newly discovered veins, step out drilling extended the known mineralised vein structures outside of the Inferred Resource. Results included:
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0.6m @ 313.0 g/t gold from 338.8m in hole AUDD0119 (~20m extension to known vein)
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5.0 @ 9.5g/t gold from 46.2m in hole AUDD0092 (~120m extension to known vein)
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1.5m @ 19.3 g/t gold from 250.5m in hole AUDD102 (~20m extension to known vein)
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4.0m @ 5.9 g/t gold from 420m in hole AUDD0056 (~80m extension to known vein)
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2.0m @ 8.2 g/t gold from 396.5m in hole AUDD0056 (~80m extension to known vein)
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1.6m @ 6.1 g/t gold from 168.5m in hole AUDD085 (~80m extension to known vein)
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1.2m @ 11.9 g/t gold from 382.1m in hole AUDD112 (~160m extension to known vein)
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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
Page | 1
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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.
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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
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The updated Resource estimate as at 30 June 2021 is anticipated to be completed and reported in early July
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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
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Auteco remains on track to secure 80% of the Pickle Crow project by the end of this calendar year
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Auteco was notified of inclusion into the All Ordinaries S&P/ASX 500 Index during the quarter
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• 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
Page | 2
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.
Page | 3
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).
Page | 5
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.
Page | 6
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.
Page | 7
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
Page | 8
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:
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28/01/2020, Acquisition of Pickle Crow High-Grade Gold Project;
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26/03/2020, Drill Targets Identified at Pickle Crow Gold Project;
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01/09/2020, Resource Grows to 1 Moz at 11.3 g/t Gold at Pickle Crow;
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11/11/2020 High-Grade Drill Results Include 17 g/t Gold at Pickle Crow;
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19/01/2021 Shallow High-Grade Gold Lodes Identified Outside Resource; and
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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.
Page | 9
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 |
Page | 10
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 |
Page | 11
| 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 |
Page | 12
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
Page | 13