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FOCUS MINERALS LTD Capital/Financing Update 2021

Dec 5, 2021

64932_rns_2021-12-05_065e3f38-033b-4743-b627-cf79c9dda586.pdf

Capital/Financing Update

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Market Announcement

6 December 2021

Maiden 45,600oz Mineral Resource for Green Light

Highlights:

  • Maiden Mineral Resource for Green Light deposit, part of Coolgardie Gold Project

  • Mineralisation similar to the bulk tonnage CNX deposit,

  • Adds to growing Mineral Resource footprint north of Great Eastern Highway and within 2km of Three Mile Hill mill

West Australian gold explorer Focus Minerals ( ASX: FML ) ( Focus or the Company ) is pleased to announce a maiden Mineral Resource of 45,600 ounces for the Green Light Gold Deposit ( Green Light ), part of the Company’s Coolgardie Gold Project.

Green Light is an emerging deposit at the Coolgardie Gold Project ( Coolgardie ), which covers 138km[2] of highly prospective tenements on the outskirts of the Coolgardie township in the Goldfields region. Focus is advancing work to prepare Coolgardie for a resumption of mining operations.

Green Light is a lookalike to the 157,800oz CNX Gold Deposit ( CNX ) (refer ASX announcement dated 24 November 2021), which is along strike. Just like CNX, where the mineralisation is characterised as bulk tonnage with widths between 30m and 45m over a 700m strike, Green Light is shaping as an open pittable resource option for the Coolgardie restart.

The Green Light maiden Mineral Resource is reported on a dry tonnage basis using a 0.5 g/t Au cut-off to 200mRL (depth of 230m):

Classification Tonnage (Mt) Au Grade(g/t) Contained Au oz
Indicated 0.44 1.14 16,300
Inferred 0.77 1.18 29,300
Total Mineral Resource 1.22 1.17 45,600

Commenting on the Green Light maiden Mineral Resource, Focus Minerals’ CEO, Mr Zhaoya Wang, said:

“Green Light is an emerging deposit that is shaping as an important part of our plan to define sufficient open pittable Mineral Resources close to our Three Mile Hill processing plant to underpin a resumption of mining operations at Coolgardie. This maiden Mineral Resource is another step in the right direction for Focus, with resource work on other Coolgardie deposits – and the maiden Ore Reserve for CNX – being advanced as we have previously flagged with shareholders.”

Focus Minerals Limited ACN 005 470 799 | ABN 56 005 470 799 | ASX: FML Level 2, 159 Adelaide Terrace, East Perth WA 6004 | PO Box 3233, East Perth WA 6892 T +61 (0) 8 9215 7888 | F +61 (0) 8 9215 7889 | E [email protected] | W focusminerals.com.au

Page 1 of 22

Green Light – a CNX lookalike

Emerging gold deposit to further enhance the Coolgardie mine plan

The Green Light target was identified during resource development at CNX with wide-spaced historical holes in the area locating anomalous mineralisation in the prospective Three Mile mine stratigraphy. Follow-up exploration drilling by Focus in 2020 and 2021 has confirmed that Green Light is a continuation of the mineralisation style seen at CNX and Three Mile Hill.

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Figure 1: Coolgardie location map highlighting recent Mineral Resource updates and Mineral Resources currently under review.

Market Announcement | Page 2 of 22

Green Light location and historic production

Green Light is located within the Three Mile Hill mine stratigraphy (Figure 1), 2km north-west of the Three Mile Hill ROM pad and processing plant. The resource sub-crops over a drill-defined strike of 400m and is open along strike and at depth.

Green Light is located on a hill composed of G2 Gabbro (Figure 2). The G2 Gabbro is the favourable host of Three Mile Hill-style mineralisation as presented at Greenfields, Three Mile Hill, CNX and Patricia Jean.

There has been no historic production at Green Light. Along strike to the south-east, the Three Mile Hill open pit had historic production of 4.2Mt @ 2.4 g/t Au for 324,000oz. In addition, the CNX trial pit delivered historic production of 196Kt @ 1.86 g/t for 11,700oz.

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----- Start of picture text -----

21CNRC015
19.00m @ 1.93g/t from 64m
for (GxM 36.7) 21CNRC001
33.00m @ 0.89g/t from 87m
for (GxM 29.4)
Gap Zone
310m strike
CNX
November 2021 Open Pit Resource 0.5 g/t cut off
Green Light Measured: 2.7Mt @ 1.08 g/t for 94Koz
Indicated: 1.1Mt @ 1.08 g/t for 38Koz
Maiden Open Pit Resource 0.5 g/t cut off
Inferred: 0.8Mt @ 1.0 g/t for 26Koz
Indicated: 0.44 Mt @ 1.14 g/t for 16.3 Koz
Total: 4.6Mt @ 1.06 g/t for 158Koz
Inferred: 0.77 Mt @ 1.18 g/t for 29.3 Koz
Total: 1.22 Mt @ 1.17 g/t for 45.6 Koz
21CNRC023
20.00m @ 0.9g/t from 85m
for (GxM 18)
20CNRC001
37.00m @ 3.49g/t from 59m
for (GxM 129.1)
21CNRD003
18.00m @ 1.6g/t from 125m
for (GxM 28.8)
21CNDD004
20.00m @ 5.2g/t from 178m
for (GxM 104)
21CNRD027
10.00m @ 7.14g/t from 185m
for (GxM 71.4)
----- End of picture text -----

Figure 2: Plan view showing the location of Green Light along strike from the Three Mile Hill and CNX deposits. The 2D location of significant intersections drilled in 2020-21 exceeding 0.5g/t and including up to 3m internal dilution are shown by dots, coloured as: CNX (red dots), Gap Zone (blue dots) and Green Light (green dots). The locations of 2020-21 drilling in the CNX/Green Light area are marked by black traces. The G2 Gabbro (pink semi-transparent polygon) is the host of the majority of the CNX, Green Light and Three Mile Hill mineralisation. The G2 Gabbro strikes north-west at Three Mile Hill, CNX and the Gap Zone. At the east side of Green Light, the G2 Gabbro is folded and strikes west south-west. The location of the section box for Figure 3 (white box) is also shown. Princess Midas shallow workings and minor shafts are shown as orange stars. The larger Princess Midas shaft is marked by a red star. An early draft November 2021 CNX open pit design is depicted as green strings.

Market Announcement | Page 3 of 22

Green Light structure summary and similarity to CNX geology

Infill drilling at Green Light and targeted diamond drilling have confirmed the orientation of two sets of mineralised veins hosted by the G2 Gabbro. This drilling has also confirmed that mineralisation style is analogous with the nearby CNX deposit. To date drilling has confirmed at least 400m strike of prospective G2 Gabbro at Green Light. However, at this early stage in the exploration development only a small portion of Green Light has had sufficient drilling to estimate Indicated Mineral Resources.

The main control on the bulk-style tabular mineralisation at Green Light is the G2 Gabbro (Figures 2 and 3). Within the G2 Gabbro, 0.5cm to +5cm quartz-chlorite-sulphide veins form a series of stacked, shallow north-dipping stockworks (Figure 3). Higher-grade mineralisation dips east south-east within the G2 Gabbro and is characterised by sets of 5cm to 30cm-thick quartz-chlorite-sulphide veins.

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Au g/t
South North
21CNRC015
19.00m @ 1.93g/t from 64m
for (GxM 37)
Patchy Black Shales
and Porphyritic Dykes
Relatively un altered/ Lower Basalt Unit
deformed Gabbro - Pillow Basalt
G2 Gabbro
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Figure 3: Sectional view west of interpreted Green Light cross section (Section location marked on Figure 2). The sub-vertical yellow polygon shows the location of the modelled G2 Gabbro that hosts the majority of the Green Light mineralisation. The labelled significant intersection was calculated using a 0.5g/t cut-off and up to 3m internal dilution. Red polygons show the location of the Green Light mineralisation.

Market Announcement | Page 4 of 22

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----- Start of picture text -----

Au g/t
NW SE
21CNRC015
19.00m @ 1.93g/t from 64m
for (GxM 37)
----- End of picture text -----

Figure 4: Long sectional view to the north-east of the Green Light Indicated Mineral Resource block model cut at 0.5g/t Au with:

  • Drilling to date assays using a 0.5 g/t Au cut-off

  • 2020-21 drilling with thick black drill traces

Significant intersections recorded at Green Light during drilling 2021, calculated using a 0.5 g/t cut-off and up to 3m internal dilution, include:

  • 21CNRC015 - 19m @ 1.93g/t from 64m (GxM 37)

  • 21CNRC054 - 21m @ 1.47g/t from 72m (GxM 31)

  • 21CNDD016 - 21m @ 1.38g/t from 71m (GxM 29)

  • 21CNRC057 - 17m @ 1.7g/t from 37m (GxM 29)

  • 21CNRC034 - 16m @ 1.53g/t from 128m (GxM 24)

  • 21CNRC017 - 14m @ 1.57g/t from 202m (GxM 22)

  • 21CNRC033 - 15m @ 1.45g/t from 169m (GxM 22)

Market Announcement | Page 5 of 22

CNX-Green Light technical study

During the June and September 2021 Quarters, technical studies leading to an updated assessment of the CNX-Green Light area have been underway and included:

  • Completing a heritage survey of mining and related infrastructure areas, which has cleared the area for follow-up works;

  • Advancing a hydrogeological assessment and progressing water table monitoring;

  • Preparing for updated flora fauna surveys, which were carried out during October and November 2021;

  • Completing composite metallurgical sampling for Green Light and CNX to prepare three fresh-rock samples.

It is noted that several drill intersections were composited into recent metallurgical test work for the CNX-Green Light area. The composited samples delivered very high gravity gold recovery in the range of 62.5% to 80.6%, which will have a positive impact on follow-up leaching. Leach recovery of the samples post-gravity recovery showed excellent recovery in the range of 96.9% to 98.2%, resulting in very low tenor leach tails and low reagent consumption.

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Market Announcement | Page 6 of 22

Green Light and CNX exploration target

Green Light is the west south-west trending limb of the folded mine stratigraphy starting immediately to the west of the Gap (Figure 2). Initial drilling at Green Light in the June and September 2021 Quarters confirmed a 400m strike of CNX-style mineralisation hosted by G2 Gabbro. There is a prominent shaft located on the north-east side of Green Light called Princess Midas. No production figures are available for the Princess Midas workings.

Drilling completed in the September 2021 Quarter has in-filled a portion of the Green Light deposit sufficiently to progress a maiden Mineral Resource estimate. Further exploration is warranted at Green Light over its currently drill-defined strike of 400m as the mineralisation remains open for extensions and resource upgrades.

CNX is located on the north-west continuation of the Three Mile Hill deposit. The CNX Mineral resource of 4.6Mt at 1.06g/t Au for 157,800oz (see ASX announcement dated 24 November 2021) remains a target below 90m depth over much of its length for further resource definition.

Current Combined Mineral Resources reported reported at 0.5 g/t Au cut off for Green Light and CNX comprise:

Classification Tonnage
(Mt)
Au Grade
(g/t)
LUC Contained
Au oz
Measured 2.7 1.08 93,800
Indicated 1.5 1.10 54,200
Inferred 1.6 1.09 55,500
Total Mineral Resource 5.8 1.09 203,400

Based on the current understanding of the Green Light-CNX-Three Mile Hill mine corridor, Focus has determined the combined additional Green Light-CNX open pit Exploration Target, using a 0.5 g/t cutoff, to comprise:

Green Light / CNX Exploration Target Tonnage
(Mt)		 Au Grade
(g/t)		 Contained Au oz
Green Light / CNX 4.0 – 6.0 1.0 – 1.2 128,000-230,000

The Green Light-CNX Exploration Target will be assessed by exploration drilling and resource modelling over the next 12 months.

The potential quantity and grade of the Exploration Target are conceptual in nature and therefore an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

Market Announcement | Page 7 of 22

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Figure 5: View south towards the Three Mile Hill crusher/ROM in December 2020 when drilling was underway at CNX.

Market Announcement | Page 8 of 22

The release of this ASX announcement was authorised by Mr Zhaoya Wang, CEO of Focus Minerals Ltd.

For further information For media and investor enquiries please contact: please contact:

Alex Aaltonen Peter Klinger General Manager Exploration Director, Investor Relations Focus Minerals Ltd. Cannings Purple Phone: +61 8 9215 7888 Phone: +61 411 251 540 Email: [email protected] Email: [email protected]

About Focus Minerals Limited (ASX: FML)

Focus Minerals is a Perth-based, ASX-listed gold exploration company focused on delivering shareholder value from its 100%-owned Coolgardie Gold Project and Laverton Gold Project, in Western Australia’s Goldfields.

Focus is committed to delivering shareholder value from the Coolgardie Gold Project, a 138km[2] tenement holding that includes the 1.4Mtpa processing plant at Three Mile Hill (on care and maintenance), by continuing exploration and value-enhancing activities. An updated PFS in September 2020 highlighted the potential for a low capital cost, fast-tracked return to mining at Coolgardie and delivered an NPV7.5% of $183 million. The Company’s efforts are now focused on increasing production-ready Mineral Resources at Coolgardie and delivering the approvals and permits required for a resumption of gold-mining operations.

The Laverton Gold Project covers 362km[2] area of highly prospective ground that includes the historic Lancefield and Chatterbox Trend mines. Focus’ priority target is to confirm sufficient gold mineralisation at the Beasley Shear Zone, Lancefield-Wedge Thrust, Karridale and Burtville to support a Stage 1 production restart at Laverton. In parallel, Focus is working to advance key Laverton resource growth targets including Sickle, Ida-H and Burtville South. Focus has delivered first results from a progressive Pre-Feasibility Study (Pre-Tax NPV5.0% A $132M) and is advancing study work utilising Laverton’s expanded Mineral Resource position.

Market Announcement | Page 9 of 22

Competent Person Statement

The information in this announcement that relates to Exploration Results is based on information compiled by Mr Alex Aaltonen, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Aaltonen is an employee of Focus Minerals Limited. Mr Aaltonen has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

The Mineral Resource estimates were undertaken by Ms Hannah Kosovich, an employee of Focus Minerals. Ms Hannah Kosovich is a member of Australian Institute of Geoscientists and has sufficient experience to qualify 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 Aaltonen and Ms Hannah Kosovich consent to the inclusion in the report of the matters based on the information in the form and context in which it appears.

The Green Light / CNX Exploration Target in this announcement were compiled by Mr Alex Aaltonen, who is a Member of AusIMM and, employee of Focus Minerals. Mr Aaltonen has sufficient experience with the style of mineralisation/deposit under consideration to qualify 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 Aaltonen consents to the release of the CNX and Green Light Exploration Targets for the form and context as it appears.

ASX Listing Rule 5.19.2

Green Light Mineral Resource is not included in the Coolgardie PFS results announced on 22 September 2020. Therefore, the material assumptions underpinning the production target, or the forecast financial information derived from the PFS continue to apply and have not materially changed.

Market Announcement | Page 10 of 22

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria Commentary
Sampling
techniques		 FML RC Sampling
• Focus Minerals Ltd (FML) RC percussion drill chips were collected through a
cyclone and riffle splitter. Samples were collected on a 1m basis. The spoils were
either bagged per metre in appropriately sized plastic bags or placed on the ground
and left in neat rows at 1m intervals with an accompanying cone split 1m calico
sample
FML Diamond Core Sampling
• Diamond core was collected into standard plastic core trays. Down hole depths were
marked onto wooden core blocks and stored in the trays.
• The diamond core was marked up for sampling by the supervising geologist during
the core logging process, with sample intervals determined by the presence of
mineralisation and/or alteration. Whenever possible the cutline was drawn parallel
to and close to the core orientation line to ensure the cutline was consistent over the
hole. The core was cut using an automatic core saw, with half-core samples (NQ
and HQ) and quarter core samples (PQ) submitted for analysis.
• At the assay laboratory all samples were oven dried, crushed to a nominal 10mm
using a jaw crusher (core samples only) and weighed. Samples in excess of 3kg in
weight were riffle split to achieve a maximum 3kg sample weight before being
pulverized to 90% passing 75μm.
• Goldfan collected 2kg samples as either 4m composites or as 1m samples through
mineralised ground or interesting geology. Samples were run through a cyclone and
then put through a riffle splitter. Where the 4m composite samples returned greater
than 0.25g/t Au, 1m samples were submitted.
• Clackline Ltd (Clackline) drilled RC pre-collars followed by NQ drill core. The RC
pre-collars were riffle split with 1m samples submitted for assay, while NQ core was
sawn and ½ core 1m samples submitted for analysis.
Drilling techniques • Years 2020 onward FML RC drilling was conducted using a 5 3/8inch face sampling
hammer for RC drilling.
• At hole completion, downhole surveys for RC holes were completed at a 10m
interval by using True North Seeking Gyro tool. Otherwise, a single shot Eastman
camera downhole survey was used either “in-rod” or “open hole”.
• Years 2020 onward FML diamond drilling core was drilled at NQ2/HQ3/PQ size. All
drill core was oriented where competent by the drilling contractor using an electronic,
accelerometer-based system.
• At hole completion diamond holes were open hole surveyed using an electronic
multi-shot (EMS) tool in single shot mode at a range of intervals between 20m and
50m on drilling advance, averaging 30m.
• Year 2012 FML drilling was completed using an RC face sampling hammer or
NQ2/HQ3 size diamond core. Where achievable, all drill core was oriented by the
drilling contractor. Most holes were surveyed upon completion of drilling using a
single shot camera.
• Goldfan used RC face sampling hammer. Holes were downhole surveyed by
Eastman single shot camera and later by Eastman multiple shot camera.
• Clackline drilled RC and holes were downhole surveyed by Eastman single shot
camera.

Page 11 of 22

Drill sample
recovery		 • FML sample recovery was recorded by a visual estimate during the logging process.
• All RC samples were drilled dry whenever possible to maximize recovery, with water
injection on the outside return to minimise dust.
• FML DD sample recovery was measured and calculated (core loss) during the
logging process. DD core had excellent recovery.
• Goldfan states a consistent sample recovery in the range of 80-90%.
• Clackline sample recovery is unknown.
Logging The information of logging techniques below applies to the drill holes drilled by FML
only.
• All core samples were oriented, marked into metre intervals and compared to the
depth measurements on the core blocks. Any loss of core was noted and recorded
in the drilling database.
• All RC samples were geologically logged to record weathering, regolith, rock type,
alteration, mineralisation, veining, structure and texture and any other notable
features that are present.
• All diamond core was logged for structure, and geologically logged using the same
system as that for RC.
• The logging information was transferred into the company’s drilling database once
the log was complete.
• Logging was qualitative, however the geologists often recorded quantitative mineral
percentage ranges for the sulphide minerals present.
• Diamond core was photographed one core tray at a time wet and dry using a
standardised photography jig.
• RC chip trays are wet photographed.
• The entire length of all holes is logged.
Historic RC holes have been logged at 1m intervals to record weathering, regolith, rock
type, colour, alteration, mineralisation, structure and texture and any other notable
features that are present.
Sub-sampling
techniques and
sample preparation		 • FML core samples were taken from quarter or half core, cut using an Almonte
automatic core saw. The remainder of the core was retained in core trays tagged
with a hole number and metre mark.
• FML RC samples were riffle split to a nominal 2.5kg to 3kg sample weight. The
drilling method was designed to maximise sample recovery and delivery of a clean,
representative sample into the calico bag.
• 2012 FML The samples were submitted to ALS or Kal Assay for analysis.
• 2020 onward FML samples were submitted to Jinning lab in Kalgoorlie with gold
analysed by fire assay
• Where possible all RC samples were drilled dry to maximise recovery. Sample
condition was recorded (wet, dry, or damp) at the time of sampling and recorded in
the database.
• The samples were collected in a pre-numbered calico bag bearing a unique sample
ID. Samples were crushed to 75μm at the laboratory and riffle split (if required) to a
maximum 3kg sample weight. Gold analysis was primarily a 40g Fire Assay for
individual samples with an ICP-OES or AAS Finish.
• The assay laboratories’ sample preparation procedures follow industry best
practice, with techniques and practices that are appropriate for this style of
mineralisation. Pulp duplicates were taken at the pulverising stage and selective
repeats conducted at the laboratories’ discretion.
• FML QAQC checks involved inserting a certified standard or blank alternating every
20 samples. A minimum of 3 standards was inserted for every sample batch
submitted.
• The sample sizes are considered to be appropriate for the type, style and
consistency of mineralisation encountered during this phase of exploration.
• Goldfan originally submitted its samples to Australian Laboratories Group
Kalgoorlie. The 2kg samples were oven dried, then crushed to a nominal 6mm and

Market Announcement | Page 12 of 22

split once through a Jones riffle splitter. A 1kg sub-sample was fine pulverised in a
Keegor Pulveriser to a nominal 100 microns. This sample was homogenised and
400-500g split as the assay pulp for analysis. Assaying was by a classical fire assay
on a 50g charge to a lower detection limit of 0.01 ppm gold.
• Later RC drilled by Goldfan was submitted to Minlab Kalgoorlie where the whole of
the sample is pulverised in a ring mill before 300g sample is split as the assay pulp.
Assaying was by fire assay on a 50g charge to a lower detection limit of 0.01 ppm
gold.
• Goldfan conducted inter-laboratory check sampling over approx. 10% of holes over
the whole program with results found to be within acceptable limits.
• Laboratory repeat checks were also run on the assay data.
• Clackline submitted 1m RC samples or 1m ½ core diamond samples to Australian
Assay Laboratories for fire assay on a 50g charge.
Quality of assay
data and laboratory
tests		 • The assay method and laboratory procedures were appropriate for this style of
mineralisation. The fire assay technique was designed to measure total gold in the
sample.
• No geophysical tools, spectrometers or handheld XRF instruments were used.
• The QA/QC process described above was sufficient to establish acceptable levels
of accuracy and precision. All results from assay standards and duplicates were
scrutinised to ensure they fell within acceptable tolerances.
Verification of
sampling and
assaying		 • Significant intervals were visually inspected by company geologists to correlate
assay results to logged mineralisation. Consultants were not used for this process.
• Primary data is sent in digital format to the company’s Database Administrator (DBA)
as often as was practicable. The DBA imports the data into an acQuire database,
with assay results merged into the database upon receipt from the laboratory. Once
loaded, data was extracted for verification by the geologist in charge of the project.
• No adjustments were made to any current or historic data. If data could not be
validated to a reasonable level of certainty it was not used in any resource
estimations.
Location of data
points		 • All 2020 onwards FML drill core was oriented by electronic accelerator system. All
diamond holes were surveyed on advance during drilling single shot, open hole
using a reflex system.
• All 2020 onwards FML RC holes were down hole surveyed using a north seeking
gyro.
• All 2012 FML holes were surveyed using a single shot camera.
• After completion, the drill hole locations were picked up by DGPS with accuracy of
+/-20cm.
• All coordinates and bearings use the MGA94 Zone 51 grid system.
• FML utilises Landgate sourced regional topographic maps and contours as well as
internally produced survey pick-ups produced by the mining survey teams utilising
DGPS base station instruments.
• Detailed drone topography and imagery has also been acquired over the project
area to provide additional topographic detail and spatial accuracy.
• Goldfan holes were laid out and picked up by the Three Mile Hill Survey Department.
Down hole surveying was conducted by Down Hole Surveys using Eastman multiple
shot cameras.
• Clackline used Eastman single shot cameras for down hole surveying and state
collars were surveyed with respect to local grids that existed at the time.
Data spacing and
distribution		 • Drill spacing at Green Light in indicated resource areas is approximately 20m x 10m.
Inferred parts of the Green Light resource have a drill spacing approximating 40m x
40m. The average vertical depth of the RC drilling is 100m, with a maximum depth
of 200m and the average depth of the diamond drilling was 160m with a maximum
depth of 200m.

Market Announcement | Page 13 of 22

Orientation of data
in relation to
geological structure		 • Drilling was designed based on known geological models, field mapping, verified
historical data and cross-sectional interpretation.
• The vast majority of holes are oriented at right angles to the strike of the host G2
Gabbro intrusion, with dip optimised for drill capabilities and the dip of the ore body.
• During 2020 and 2021 significant additional structural data was acquired from
diamond drilling.
Sample security • All samples were reconciled against the sample submission with any omissions or
variations reported to FML.
• All samples were bagged in a tied numbered calico bag, grouped into green plastic
bags. The bags were placed into cages with a sample submission sheet and
delivered directly from site to the Kalgoorlie laboratories by FML personnel.
• Historic sample security is not recorded.
Audits or reviews • A review of sampling techniques was carried out by rOREdata Pty Ltd in late 2013
as part of a database amalgamation project. Their only recommendation was to
change the QA/QC intervals to bring them into line with the FML Laverton system,
which uses the same frequency of standards and duplicates but has them inserted
at different points within the numbering sequence.

Market Announcement | Page 14 of 22

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria Commentary
Mineral tenement
and land tenure
status		 • Green Light is located within Mining Lease M15/645, registered to Focus Minerals Ltd.
and Focus Operations Pty Ltd of Perth, Western Australia and which is current until
March 2035.
• The Malinyu Ghoorlie 2017 and Maduwongga 2017 Claims overlap this resource area.
Exploration done by
other parties		 • Both Green Light, CNX and the adjacent Three Mile Hill deposits have been explored
by numerous parties over the years. A 1986 Cord WAMEX report references the lease
mentioned in 1947 Department of Mines Annual Reports. They also indicate earlier
prospecting activity was evident by:
• two shallow shafts
• several shallow pits sunk within the mineralised dolerite belt.
• large scale alluvial/elluvial surface mining by previous holders
• More modern exploration of the deposit has involved various drilling campaigns by
various drilling methods such as RAB, RC and Diamond since the mid 1960’s.
• Geological mapping, trenching, ground magnetics, aeromagnetics and soil sampling
have also been routinely carried out by other parties since the mid 1980’s.
• Herald Resources briefly mined CNX to the southeast of Green Light in 1991 by open
pit extraction while it was mining the adjacent Three Mile Hill deposit to the SE of the
Great Eastern Highway. A 1.2Mtpa processing plant was constructed at the Three
Mile Hill deposit.
• The existing CNX pit is 275m long, 75m wide and has been mined to a depth of 30m.
• Production figures for the historic CNX OP are 196Kt @ 1.9 g/t for 11,700oz (figures
rounded).
• Further to the south-east along the strike of the host G2 Gabbro is the Three Mile Hill
OP. TMH OP has reported production of 4.2Mt at a grade of 2.4g/t Au for 324,116
ounces.
Geology Green Light
•
The Green Light deposit mineralisation is located within the Three Mile Hill Meta-
gabbro. The Three Mile Hill Gabbro is a layered sill which includes a differentiated
coarse grained granophyric quartz-hornblende granodiorite unit locally called “G2
Gabbro”. The G2 dips sub-vertically south and strikes west – sout west at Green
Light.
•
The bulk of the quartz stockwork hosted mineralisation is developed within the G2
Gabbro.
•
Bulk style stockwork mineralisation is hosted by networks of 1 to +5cm quartz veins
with general very shallow dips to the north-east.
•
Higher grade, generally 5 to +30cm laminated quartz veins, dip moderately to the
east.
•
Together the two orientations of quartz vein stockworks have developed a bulk-style,
tabular ore body at Green Light within the G2 Gabbro.
•
Green Light deposit averages 20 to 35m width and outcrops/subcrops over more than
400m strike.

Market Announcement | Page 15 of 22

|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)|Market Announcement | Page16of22
Drill hole
Information
•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release Date
FOCUS
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030
CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
•
Green Light Significant Intercepts:
Hole ID
Easting
Northing
RL
Dip
Azimuth
Depth
Intersection
(MGA 94 Zone 51)
(MGA94)
(m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
21CNDD015 327056 6578002
423
-50
260
229.4
1.00m @ 0.93g/t from 127m for (GxM 1)
12.00m @ 0.7g/t from 149m for (GxM 8)
21CNDD016 326867 6578186
424
-65
270
219.5
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
21CNDD017 326899 6578124
426
-55
300
224.6
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
8.00m @ 0.65g/t from 112m for (GxM 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
21CNRC031 326718 6578235
428
-63
241
180
12.00m @ 0.88g/t from 1m for (GxM 11)
7.00m @ 2.61g/t from 33m for (GxM 18)||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Drill hole
Information||•
Historic drilling information has been validated against publicly available WAMEX
reports.
Company
Drill Hole Number
WAMEX
Report A-
Number
WAMEX
Report
Date
CLACKLINE
EGH1
20750
Jan-86
GOLDFAN
TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R
43021
Dec-94
FOCUS
PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
•
Holes not available through WAMEX but previously reported:|||||||||||||||
||||Company|||Drill Hole Number|||||||WAMEX
Report A-
Number|WAMEX
Report
Date||||
||||CLACKLINE|||EGH1|||||||20750|Jan-86||||
||||GOLDFAN|||TMH220R, TMH221R, TMH234R,
TMH235R, TMH236R, TMH237R,
TMH238R, TMH239R, TMH240R|||||||43021|Dec-94||||
||||FOCUS|||PMC001,PMC002,PMC004,PMDD008|||||||96924|Feb-12||||
||||•
Holes not available through WAMEX but previously reported:|||||||||||||||
||||Company||Drill Hole Number||||||Announcement||||Release Date|||
||||FOCUS||21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC029,21CNRC030||||||CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project||||24-Jun-21|||
||||•
Green|Light Significant Intercepts:||||||||||||||
|||||||||||||||||||
||||Hole ID|Easting|||Northing|RL|Dip|Azimuth|Depth|
Intersection||||||
|||||||||||||||||||
|||||||||||||||||||
|||||(MGA 94 Zone 51)||||||(MGA94)|(m)|||||||
|||||||||||||||||||
|||||||||||||||||||
||||Gr|een Light|||Drill Collars.|Significant Int||ersections ca|lculate|d at 0.5g/t Au cut off an up to 3m internal dilution||||||
||||21CNDD015|327056|||6578002|423|-50|260|229.4|1.00m @ 0.93g/t from 127m for (GxM 1)||||||
|||||||||||||12.00m @ 0.7g/t from 149m for (GxM 8)||||||
||||21CNDD016|326867|||6578186|424|-65|270|219.5|2.00m @ 1.28g/t from 42m for (GxM 3)||||||
|||||||||||||1.00m @ 0.62g/t from 48m for (GxM 1)||||||
|||||||||||||21.00m @ 1.38g/t from 71m for (GxM 29)||||||
|||||||||||||
7.00m @ 0.65g/t from 98m for (GxM 5)||||||
|||||||||||||1.00m @ 0.87g/t from 110m for (GxM 1)||||||
|||||||||||||8.00m @ 0.61g/t from 159m for (GxM 5)||||||
|||||||||||||8.00m @ 0.66g/t from 176m for (GxM 5)||||||
||||21CNDD017|326899|||6578124|426|-55|300|224.6|1.00m @ 1.22g/t from 92m for (GxM 1)||||||
|||||||||||||1.00m @ 0.64g/t from 97m for (GxM 1)||||||
|||||||||||||4.00m @ 0.76g/t from 102m for (GxM 3)||||||
|||||||||||||
8.00m @ 0.65g/t from 112m for (GxM 5)||||||
|||||||||||||12.36m @ 0.97g/t from 125.64m for (GxM 12)||||||
|||||||||||||20.00m @ 0.72g/t from 165m for (GxM 14)||||||
|||||||||||||12.40m @ 1.31g/t from 192.6m for (GxM 16)||||||
|||||||||||||12.00m @ 0.88g/t from 1m for (GxM 11)||||||
||||21CNRC031|326718|||6578235|428|-63|241|180|7.00m @ 2.61g/t from 33m for (GxM 18)||||||
|||||||||||||||||||

• • Historic drilling information Historic drilling information Historic drilling information Historic drilling information has been validated has been validated against publicly available WAMEX against publicly available WAMEX against publicly available WAMEX
reports.
WAMEX
WAMEX
Company Drill Hole Number Report A-
Report
Number
Date
CLACKLINE EGH1 20750
Jan-86
TMH220R, TMH221R, TMH234R,
GOLDFAN TMH235R, TMH236R, TMH237R, 43021
Dec-94
TMH238R, TMH239R, TMH240R
FOCUS PMC001,PMC002,PMC004,PMDD008
96924
Feb-12
• Holes not available through WAMEX but previously reported:
Company Drill Hole Number Announcement
Release Date
21CNDD016, 21CNDD017,
21CNRC001, 21CNRC002,
FOCUS 21CNRC003,
21CNRC011,
21CNRC013,
21CNRC015,
21CNRC017,		 21CNRC010,
21CNRC012,
21CNRC014,
21CNRC016,
21CNRC018,		 CNX’s
Mineral
Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
21CNRC019, 21CNRC020,
21CNRC029, 21CNRC030
• Green Light Significant Intercepts:
Hole ID Easting
Northing		 RL Dip
Azimuth		 Depth
Intersection
(MGA 94 Zone 51) (MGA94) (m)
Green Light Drill Collars. Significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal dilution
1.00m @ 0.93g/t from 127m for (GxM 1)
21CNDD015 327056 6578002 423 -50
260		 229.4
12.00m @ 0.7g/t from 149m for (GxM 8)
2.00m @ 1.28g/t from 42m for (GxM 3)
1.00m @ 0.62g/t from 48m for (GxM 1)
21.00m @ 1.38g/t from 71m for (GxM 29)
21CNDD016 326867 6578186 424 -65
270		 219.5
7.00m @ 0.65g/t from 98m for (GxM 5)
1.00m @ 0.87g/t from 110m for (GxM 1)
8.00m @ 0.61g/t from 159m for (GxM 5)
8.00m @ 0.66g/t from 176m for (GxM 5)
1.00m @ 1.22g/t from 92m for (GxM 1)
1.00m @ 0.64g/t from 97m for (GxM 1)
4.00m @ 0.76g/t from 102m for (GxM 3)
21CNDD017 326899 6578124 426 -55
300		 224.6
8.00m @ 0.65g/t from 112m for (GxM		 5)
12.36m @ 0.97g/t from 125.64m for (GxM 12)
20.00m @ 0.72g/t from 165m for (GxM 14)
12.40m @ 1.31g/t from 192.6m for (GxM 16)
12.00m @ 0.88g/t from 1m for (GxM 11)
21CNRC031 326718 6578235 428 -63
241		 180
7.00m @ 2.61g/t from 33m for (GxM 18)

Market Announcement | Page 16 of 22

6.00m @ 0.58g/t from 46m for (GxM 3) 6.00m @ 0.58g/t from 46m for (GxM 3)
6.00m @ 0.58g/t from 46m for (GxM 3)
1.00m @ 1g/t from 55m for (GxM 1)
2.00m @ 0.57g/t from 73m for (GxM 1)
2.00m @ 0.75g/t from 99m for (GxM 2)
2.00m @ 0.67g/t from 112m for (GxM 1)
1.00m @ 1.27g/t from 148m for (GxM 1)
1.00m @ 0.58g/t from 157m for (GxM 1)
1.00m @ 0.57g/t from 160m for (GxM 1)
1.00m @ 0.62g/t from 164m for (GxM 1)
1.00m @ 0.53g/t from 172m for (GxM 1)
1.00m @ 0.51g/t from 174m for (GxM 1)
21CNRC032 326753 6578231 427 -64 241 180 1.00m @ 0.69g/t from 0m for (GxM 1)
1.00m @ 1g/t from 7m for (GxM 1)
7.00m @ 1.17g/t from 18m for (GxM 8)
1.00m @ 20.49g/t from 30m for (GxM 20)
10.00m @ 1.28g/t from 70m for (GxM 13)
1.00m @ 0.65g/t from 107m for (GxM 1)
1.00m @ 0.86g/t from 116m for (GxM 1)
1.00m @ 0.56g/t from 143m for (GxM 1)
1.00m @ 0.51g/t from 145m for (GxM 1)
3.00m @ 0.51g/t from 150m for (GxM 2)
1.00m @ 0.5g/t from 162m for (GxM 1)
1.00m @ 0.63g/t from 168m for (GxM 1)
21CNRC033 326682 6578233 429 -61 240 186 9.00m @ 0.77g/t from 9m for (GxM 7)
1.00m @ 3.91g/t from 73m for (GxM 4)
3.00m @ 0.51g/t from 148m for (GxM 2)
3.00m @ 0.83g/t from 158m for (GxM 2)
15.00m @ 1.45g/t from 169m for (GxM 22)
21CNRC034 326628 6578208 437 -64 260 180 1.00m @ 1.27g/t from 39m for (GxM 1)
1.00m @ 0.77g/t from 43m for (GxM 1)
1.00m @ 0.55g/t from 74m for (GxM 1)
2.00m @ 0.59g/t from 123m for (GxM 1)
16.00m @ 1.53g/t from 128m for (GxM 24)
5.00m @ 1.15g/t from 148m for (GxM 6)
1.00m @ 1.13g/t from 176m for (GxM 1)
21CNRC054 326856 6578190 423 -54 275 210 5.00m @ 1.52g/t from 31m for (GxM 8)
1.00m @ 2.96g/t from 44m for (GxM 3)
1.00m @ 0.84g/t from 61m for (GxM 1)
2.00m @ 0.77g/t from 66m for (GxM 2)
21.00m @ 1.47g/t from 72m for (GxM 31)
2.00m @ 2.25g/t from 119m for (GxM 5)
Market Announcement Page17of22
9.00m @ 0.67g/t from 131m for (GxM 6) 9.00m @ 0.67g/t from 131m for (GxM 6)
9.00m @ 0.67g/t from 131m for (GxM 6)
1.00m @ 0.75g/t from 144m for (GxM 1)
2.00m @ 1.32g/t from 155m for (GxM 3)
6.00m @ 1.13g/t from 163m for (GxM 7)
1.00m @ 0.77g/t from 176m for (GxM 1)
1.00m @ 0.9g/t from 198m for (GxM 1)
1.00m @ 6.64g/t from 207m for (GxM 7)
21CNRC055 326864 6578186 423 -59 273 210 14.00m @ 0.84g/t from 35m for (GxM 12)
3.00m @ 0.78g/t from 60m for (GxM 2)
17.00m @ 1.15g/t from 70m for (GxM 20)
1.00m @ 1.25g/t from 101m for (GxM 1)
1.00m @ 0.56g/t from 105m for (GxM 1)
19.00m @ 0.55g/t from 132m for (GxM 10)
11.00m @ 0.69g/t from 158m for (GxM 8)
1.00m @ 0.7g/t from 175m for (GxM 1)
1.00m @ 1.11g/t from 180m for (GxM 1)
1.00m @ 0.53g/t from 188m for (GxM 1)
4.00m @ 0.85g/t from 200m for (GxM 3)
21CNRC056 326819 6578199 425 -58 272 210 10.00m @ 1.31g/t from 12m for (GxM 13)
2.00m @ 0.91g/t from 33m for (GxM 2)
1.00m @ 1.22g/t from 44m for (GxM 1)
1.00m @ 1.09g/t from 50m for (GxM 1)
5.00m @ 1.21g/t from 63m for (GxM 6)
1.00m @ 1.21g/t from 78m for (GxM 1)
1.00m @ 0.53g/t from 87m for (GxM 1)
1.00m @ 0.82g/t from 95m for (GxM 1)
1.00m @ 0.86g/t from 105m for (GxM 1)
22.00m @ 0.87g/t from 118m for (GxM 19)
1.00m @ 0.53g/t from 154m for (GxM 1)
21CNRC057 326782 6578207 427 -80 267 180 2.00m @ 1.73g/t from 0m for (GxM 3)
17.00m @ 1.7g/t from 37m for (GxM 29)
1.00m @ 0.58g/t from 63m for (GxM 1)
4.00m @ 0.82g/t from 73m for (GxM 3)
1.00m @ 0.53g/t from 81m for (GxM 1)
1.00m @ 0.64g/t from 130m for (GxM 1)
4.00m @ 0.75g/t from 143m for (GxM 3)
21CNRC058 326778 6578207 427 -63 264 198 1.00m @ 1.26g/t from 7m for (GxM 1)
4.00m @ 1.41g/t from 38m for (GxM 6)
3.00m @ 1.25g/t from 61m for (GxM 4)
15.00m @ 0.74g/t from 68m for (GxM 11)
1.00m @ 2.44g/t from 90m for (GxM 2)
Market Announcement Page18of22
2.00m @ 0.91g/t from 102m for (GxM 2) 2.00m @ 0.91g/t from 102m for (GxM 2)
2.00m @ 0.91g/t from 102m for (GxM 2)
1.00m @ 0.57g/t from 136m for (GxM 1)
1.00m @ 0.82g/t from 197m for (GxM 1)
21CNRC059 326754 6578229 427 -79 200 180 2.00m @ 0.61g/t from 13m for (GxM 1)
7.00m @ 0.78g/t from 26m for (GxM 5)
1.00m @ 0.55g/t from 37m for (GxM 1)
1.00m @ 0.66g/t from 52m for (GxM 1)
2.00m @ 0.66g/t from 60m for (GxM 1)
1.00m @ 2.4g/t from 78m for (GxM 2)
3.00m @ 1.33g/t from 90m for (GxM 4)
1.00m @ 1.64g/t from 99m for (GxM 2)
6.00m @ 1.1g/t from 105m for (GxM 7)
6.00m @ 0.65g/t from 121m for (GxM 4)
1.00m @ 0.62g/t from 131m for (GxM 1)
1.00m @ 0.84g/t from 142m for (GxM 1)
1.00m @ 1.2g/t from 163m for (GxM 1)
2.00m @ 0.63g/t from 178m for (GxM 1)
Data aggregation
methods		 •
Mineralised intersections are reported at a 0.5g/t Au cut-off with a minimum reporting
width of 1m for RC holes and 0.2m for diamond holes, composited to 1m.
Relationship
between
mineralisation
widths and
intercept lengths		 •
Holes were drilled orthogonal to mineralisation as much as possible, however the
exact relationship between intercept width and true width cannot be estimated
exactly in all cases.
•
11 RC holes have been drilled with dips toward the west, sub parallel and cutting
across the G2 Gabbro. These holes were completed to test the resource model in
areas being converted to Indicated status with holes planned to drill right across the
host stratigraphy. This orientation while not perpendicular to the overall tabular
mineralisation is in fact closer to orthogonal to the mineralised stockwork system
developed within the host G2 Gabbro.
Diagrams • Refer to Figures and Tables in body of the release.
Balanced reporting • Drill hole results available on WAMEX.
Other substantive
exploration data		 • There is no other material exploration data to report at this time.
Further work • Initial economic assessment to be progressed for delivery of Maiden CNX Open Pit
Reserve Estimation due during the March 2022 quarter

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section)

Criteria Commentary
Database integrity •
FML data was geologically logged electronically, collar and downhole surveys were
also received electronically as was the laboratory analysis results. These electronic
files were loaded into an acQuire database by either consultants rOREdata or the
company in-house Database Administrator. Data was routinely extracted to Microsoft
Access during the drilling program for validation by the geologist in charge of the
project.
•
FML’s database is a Microsoft SQL Server database (acQuire), which is case
sensitive, relational, and normalised to the Third Normal Form. As a result of
normalisation, the following data integrity categories exist:
•
Entity Integrity: no duplicate rows in a table, eliminated redundancy and chance
of error.
•
Domain Integrity: Enforces valid entries for a given column by restricting the
type, the format, or a range of values.
•
Referential Integrity: Rows cannot be deleted which are used by other records.
•
User-Defined Integrity: business rules enforced by acQuire and validation codes
set up by FML.
•
Additionally, in-house validation scripts are routinely run in acQuire on FML’s
database and they include the following checks:
•
Missing collar information
•
Missing logging, sampling, downhole survey data and hole diameter
•
Overlapping intervals in geological logging, sampling, down hole surveys
•
Checks for character data in numeric fields.
•
Data extracted from the database were validated visually in Datamine Studio software
and Seequent Leapfrog software. Also, when loading the data any errors regarding
missing values and overlaps are highlighted.
•
Historic data has been validated against WAMEX reports where possible.
Site visits • Alex Aaltonen, the Competent Person for Sections 1 and 2 of Table 1 is FML’s General
Manager - Exploration and conducts regular site visits including October 27 2020
continuing into 2021.
• Hannah Kosovich, the Competent Person for Section 3 of Table 1 is FML’s Resource
Geologist and last visited site in February 2014.
Geological
interpretation		 •
All available drill hole and pit mapping data was used to guide the geological
interpretation of the mineralisation.
•
The neighbouring CNX mineralisation model was used to guide the Green Light
interpretation, with a series of cross-cutting vein structures modelled within the G2
Gabbro unit.
•
15 closely spaced, stacked flatter dipping ~ 025° to the NE, lodes were modelled that
gently following the folding of the G2 Gabbro to an almost EW strike compared to the
NW strike at CNX.
•
Steeper Easterly dipping lodes (17 in total) are cross faults to the flat lodes and have
been interpreted at CNX as controlling the higher grades within the deposit. These
vein sets are supported from orientated drill core structural measurements.
•
The mineralised geological interpretation was created in Leapfrog Geo software.
•
Minor deviation only of the lode geometry was noticed between drill holes along strike
and down-dip within each of the two different mineralisation sets.
Dimensions •
Green Light strikes almost E-W over 420m before curving around to the SE towards
CNX which is situated less than 350m to the SE, along strike of the G2 Gabbro.
•
CNX and further along strike – Three Mile Hill trends NW – SE over 1.6km
•
Green Light mineralisation has been modelled from near surface to approximately
190m below surface to the 225mRL.

Market Announcement | Page 20 of 22

•
The average down hole thickness of the stacked/sheeted lodes is 4.2m, similar to
CNX.
Estimation and
modelling
techniques		 •
Datamine Studio software was used to complete the estimation and modelling
process.
•
The drill hole samples were composited to 1m within each domain. This is the
dominant sampling interval.
•
Composited assay values of each domain were imported into Snowden Supervisor
for geostatistical analysis.
•
A review of histograms, probability plots and mean/variance plots for each domain
revealed some outlier sample values.
•
Top capping of higher Au values within each domain was carried out with Au values
above the cut-off grade reset to the cut-off grade.
•
An average top-cap of 6 ppm was applied.
•
Variograms were modelled in Supervisor. The flat lode with the largest population
was modelled and the largest of the steep cross fault lodes. Due to the skewed nature
of the dataset a Normal Scores transformation was applied to obtain better
variograms. A back-transformation was then applied before being exported. The other
lodes shared the variograms.
•
A moderate to high nugget value was modelled ~ 50 to 60% of the total sill, down
plunge range averaged 80m and across dip averaged of 5.5m wide.
•
The model was created in GDA 94 grid co-ordinates. Block sizes for the model were
5m in Y, 10m in X and 5m in Z direction. Sub celling of the parent blocks was permitted
to 1.25m in the Y direction, 2.5m in the X direction and 1.25m in the Z direction. Sub-
blocking was used to best fill the wireframes and inherit the grade of the parent block.
•
Block size is approximately ½ of the average drill hole spacing.
•
An Ordinary Kriging (OK) estimation technique was selected and used the variograms
modelled in Supervisor.
•
The Steeper fault lodes overprint the flat lying lodes. Where the two lodes intersected,
the grade was assigned to the Steep Lodes.
•
Minimum (6) and maximum (16) sample numbers were selected based on a Kriging
Neighbourhood analysis in Supervisor. This was dropped to a minimum (4) samples
on the second and third search pass.
•
An elliptical search was used based on range of the Variograms.
•
Three search passes were run in order to fill the block model with estimated Au
values. The search distance was doubled between each estimation run. In the first
search pass 34% of blocks estimated, of this 77% was in the Steep lodes which have
sample priority in intersecting areas. In the second pass, 55% of blocks estimated
with the bulk of the flat lodes (66%) estimating in the second pass due to the removal
of samples at intersections, 12% of total blocks estimated in the third search pass.
•
The estimate was validated by a number of methods. An initial visual review was done
by comparing estimated blocks and raw drill holes.
•
Tonnage weighted mean grades were compared for all lodes with the raw and top-
capped drill hole values. There were no major differences.
•
Swath plots of drill hole values and estimated Au grades by easting and RL were
reviewed and showed that the estimated grades honoured the trend of the drilling
data.
Moisture •
Tonnages are estimated on a dry basis.
Cut-off parameters •
The Resources for Green Light have been reported above a 0.5g/t cut-off for open pit
above 225mRL (~190m depth), which is the current base of the modelled
mineralisation.
•
A 0.5 g/t cut-off was also used at CNX and is above the economic cut off expected for
this style of orebody based on the 2020 PFS Update for Coolgardie open pits.
Mining factors or
assumptions		 •
The Green Light deposit would be mined by open-cut methods.
•
No previous mining has occurred at Green Light.

Market Announcement | Page 21 of 22

•
The assumptions based on Geotech work at CNX would be applicable to Green Light
pit development.
Metallurgical
factors or
assumptions		 • FML conducted metallurgical test work on three composite fresh rock CNX/ Green
Light samples collected in April/May 2021 with results received in August 2021. The
Metallurgical testwork further confirmed high gravity gold recoveries indicated by
historic sampling and very high leach recoveries with limited reagent consumption.
Environmental
factors or
assumptions		 •
The Green Light deposit occurs within an area of significant previous ground
disturbance including:
•
the existing 270m strike and 30m deep 1991 CNX pit,
•
large scale alluvial/elluvial washing plants,
•
shafts/ trenches.
•
Green Light is located just 1.9km north of the Three Mile Hill ROM pad.
•
A CNX/Green Light Flora & Fauna survey was conducted in October/November 2021,
the report has not been made available at the time of reporting resources. A previous
survey of CNX in 2013 found no significant habitats.
Bulk density •
Density values were assigned based on weathering profile. Green Light, like CNX has
a very shallow weathering profile with the bulk to the deposit occurring in Fresh Rock.
The diamond core from CNX drilling campaigns in 2020 and 2021 were used for water
immersion technique density test work. Averages from the extensive testing were
applied based on updated weathering surfaces.
•
A value of 1.85 t/m3 was applied to oxide blocks, 2.70 t/m3 was applied to transitional
material blocks and a value of 2.99 t/m3 applied to Fresh Rock.
•
Follow up down hole in situ density logging was completed in 2021 to validate the
large water immersion bulk density dataset. The down hole data indicates our
currently assigned fresh rock bulk density values are slightly conservative.
Classification •
Resources have been classified as Indicated and Inferred based mainly on geological
confidence in the geometry and continuity of the lodes and large proportion of recent
FML drilling. In addition, various estimation output parameters such as number of
samples, search pass, kriging variance, and slope of regression have been used to
assist in classification.
•
The block model, drilling data and geological wireframes were loaded and stepping
through the model in plan view, wireframe solids were created. A wireframe was
generated for Indicated using the G2 Sill boundary and blocks primarily estimating in
the first pass where the highest concentration of drilling exists. Blocks that filled
outside this wireframe solid were classified as Inferred.
Audits or reviews •
No external audit of Green Light has been conducted.
Discussion of
relative accuracy/
confidence		 •
This is addressed in the relevant paragraph on Classification above.
• The Mineral Resource relates to global tonnage and grade estimates.
• Green Light is in close proximity to the documented CNX trial pit which was compared
to the recent CNX resource update.

Market Announcement | Page 22 of 22

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