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FOCUS MINERALS LTD Capital/Financing Update 2023

Nov 30, 2023

64932_rns_2023-11-30_d4541f2f-983e-4248-95c8-a2a8f0984d97.pdf

Capital/Financing Update

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Market Announcement

1 December 2023

Coolgardie Gold Project Mineral Resource Updates

Highlights:

  • Infill drilling of the Greenfields open pit design delivers final pre-mining Mineral Resource update

  • RC drilling at CNX has improved definition of mineralisation and delivered a grade increase within the design pit

  • Total Big Blow Mineral Resources after depletion and infill drilling have increased by 62.5%

  • JORC 2004 Undaunted and Lady Charlotte Mineral Resources updated to JORC 2012 with overall 15% increase in ounces

  • Grade control drilling of selected low-grade stockpiles and tails delivers 194 Kt @ 0.8 g/t for 5,000 oz Indicated category Mineral Resource

West Australia’s newest gold producer Focus Minerals ( ASX: FML ) ( Focus or the Company ) is pleased to announce a compilation of Mineral Resources updates at the Coolgardie Gold Project ( CGP ).

The CGP covers 121km[2] of highly prospective tenements on the outskirts of the Coolgardie township in the Goldfields. Focus Minerals has recently recommissioned its Three Mile Hill plant ( TMH ) in the central part of the CGP.

Significant work has been conducted to support return to production at Coolgardie including a number of Mineral Resource updates. The following Mineral Resource updates are documented as a combined Mineral Resource announcement:

  • Greenfields Open Pit which is currently being mined. This pit is located a few hundred meters from TMH.

  • CNX Mineral Resource has been updated following a limited program of RC drilling. The additional drilling refined the modelling of flat and moderate dipping mineralised structures at CNX. This has enabled the Mineral Resource to be re-estimated using Ordinary Kriging to provide a higher resolution block model.

  • Depleted Big Blow Mineral Resource following reconciled toll milling production in the December Quarter 2022. The 2022 Big Blow toll milling pit was designed at A$2,200/oz and used a cut-off grade of 0.8 g/t Au. Mining at the pit was not completed leaving a portion of blasted stock now categorised as Measured Resources category. It is likely that mining will resume at Big Blow in the December Quarter 2023 for processing at TMH.

Market Announcement | Page 1 of 96

  • The historic Big Blow low grade stockpile Mineral Resource was assessed for mining as part of the toll milling campaign but remains in place as a standby option for processing at TMH.

  • The Empress Open Pit Mineral Resource has been updated from JORC 2004 to JORC 2012 reported, taking into account new drilling and pit reconnaissance. Additional historic low-grade materials and part of ROM pads that overly the Alicia Deposit have also been estimated for the first time.

  • The JORC 2004 Undaunted and adjacent Lady Charlotte Mineral Resources have been updated to JORC 2012 delivering 15% growth in total Mineral Resource ounces.

  • Three low-grade stockpiles and six tails deposits have been drilled by RC resulting in a new JORC 2012 Indicated Mineral Resource estimate totalling 194 Kt @ 0.8 g/t for 5 Koz. These stockpiles will be metallurgically assessed as additional optional feed for the TMH.

Following the Mineral Resource updates of the Company’s total Measured, Indicated and Inferred Mineral Resources at Coolgardie now comprises:

Classification Tonnage
(Mt)
Au Grade
(g/t)
Au Contained
Moz
Total Measured 3.5 1.6 0.2
Total Indicated 26.5 1.8 1.5
Total Inferred 16.2 2.0 1.0
Total Mineral Resource 46.2 1.8 2.7

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Figure 1: Key Coolgardie project deposits with recent Mineral Resource Estimates.

Market Announcement | Page 3 of 96

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Table 1 Summary of Combined Mineral Resources updates and changes versus previously reported Mineral Resources

Greenfields Open Pit Mineral Resource

Highlights:

  • Forty RC holes for 4,471m have been completed within and adjacent to the Greenfields open pit.

  • Total Measured Resource category (within the pit design) gold reported using 0.6 g/t cut off compares well with the previous Mineral Resource estimate (refer announcement dated 5 August 2022).

  • Greenfields is now being mined and producing first ore.

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Figure 2: Greenfields 2022 open pit site layout with surrounding tenements and infrastructure

Market Announcement | Page 5 of 96

Greenfields Summary Geology and Structure

The existing pit is located mostly on 100% Focus Minerals owned tenement M15/154 (Figure 2). The mineralisation at Greenfields averages 50m width and varies between 25 and +60m width. The mineralisation is primarily hosted by coarsely granophyric G2 gabbro near the contact with footwall Black Flag Group volcaniclastics (Figures 3 and 4). Like CNX and Three Mile Hill, gold at Greenfields is hosted by a well-developed stockwork of 1cm to +20cm wide quartz>>chlorite>pyrrhotite>carbonate veins with trace amounts of chalcopyrite and arsenopyrite.

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Figure 3: View northwest of the Greenfield open pit north west wall with: simplified labelled geology, red poly lines highlighting flat dipping vein sets and blue polylines highlighting steep fabric.

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Figure 4: Sectional view north-west of interpreted cross section in the central part of the Greenfields Open Pit. The sub-vertical reddish-orange polygon shows the location of the modelled G2 gabbro that hosts the majority of the Greenfields mineralisation. Red polygons show the location of the stockworks that host Greenfields mineralisation.

Greenfields Resource Development and Grade Control Drilling

The updated Greenfields Mineral Resource now includes 40 RC infill drill holes at a general 12 – 15m spacing and locally at 10m spacing. The new drilling includes a selection of twin holes (Figure 5) replacing several 1995 RC holes which have been identified as having compromised sampling. The affected 1995 holes were located at the margins of the open pit design and mostly affected Indicated Mineral Resources outside the design. The twin hole drilling has confirmed that several of this series of holes contained intervals of grade smearing (probable wet samples/poor sample recovery).

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Figure 5: Sectional view towards the NW at Greenfields open pit with drill assays and 2023 block model centroids cut at 0.6 g/t and coloured as per inset legend. Grade control holes have thick black hole traces. Labels have been added for twin holes showing examples on 1995 RC holes with good and poor correlation.

Market Announcement | Page 7 of 96

Greenfields Mineral Resource Estimation and Comparison

The updated Mineral Resource for Greenfields is reported on a dry tonnage basis using 0.6 g/t cut off to 230mRL. An Ordinary Kriging (OK) estimation technique was selected and variograms were modelled in Supervisor. Each domain was modelled using its own variogram and applicable top cut. At Greenfields there are two orientations of mineralisation comprising:

  • flat southwest dipping and,

  • steep southwest dipping.

The percent change in the updated Greenfields Mineral Resource is reported versus the pre grade control drilling Mineral Resource (refer to ASX Announcement dated 5 August 2022) as shown below.

Classification Tonnes
(Mt)

Change
(t)

Au Grade
(g/t)

Change
(g/t)

Au Contained
(Oz)
Change
Oz
Measured 1.42 1.9% 1.52 -6.4% 69,500 -4.6%
Indicated 1.05 -8.5% 1.26 -8.4% 42,500 -16.2%
Total Greenfields
Mineral Resource
2.54 -2.8% 1.51 -6.7% 112,000 -9.3%

Big Blow Updated and Depleted Open Pit Mineral Resource and Historic Big Blow Low Grade Stockpile Mineral Resources

Highlights:

  • Measured category blasted stock reported at 0.8 g/t cut off comprises 7.76Kt @ 4.91 g/t for 1,225oz. Material will be mined in the December Quarter 2023

  • 18 RC holes for 150m completed on the Big Blow LG stockpile for Mineral Resource estimation comprising 44.9Kt @ 0.56g/t for 810oz

  • 9 RC resource infill holes for 462m targeting Happy Jack with infill indicating some upside for the deposit

Big Blow – Happy Jack Location and Production

Big Blow and Happy Jack are located 2km south southeast of Coolgardie and 900m southwest of the Brilliant South Open Pit. The two deposits strike north northeast dipping steeply east southeast. Big Blow is located on the west side of Tindals Haul Road and Happy Jack is located adjacent and east of the Tindals Haul Road (Figure 6).

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Figure 6: Map showing location of 2022 Big Blow and Happy Jack RC drilling

The Big Blow and Happy Jack structures were originally mined by small-scale underground means in the early 1900s with stoping mainly at the south end of the Big Blow open pit.

Big Blow was previously mined by Focus, as an incomplete pit including remnant blasted stocks between January 2012 and July 2013. The pit produced 163 Kt @ 1.29 g/t for 6,804 oz. During the second half of 2022 Focus designed, permitted and mined a small-scale open pit within the footprint of the 2013 incomplete Big Blow pit. The new pit was designed using A$2,200/oz gold price and employed a steeper ramp in order to efficiently recover material exceeding 0.8 g/t cut off for toll milling.

Prior to finalising the pit design the optimised pit was grade controlled using RC so that the Mineral Resource could be confirmed, and final design adjustment completed. The small-scale pit was mined using contractors with material processed via toll milling agreement.

Low grade material mined and stockpiled during 2022 has been toll milled in the June quarter 2023 confirming the grade at 0.81 g/t.

The remaining blasted stock comprising 7.76 kt @ 4.91 g/t for 1,225 oz (0.8 g/t cut off) within the 2022 Big Blow toll milling design is expected to be mined and processed during the December quarter 2023 at TMH.

Market Announcement | Page 9 of 96

Big Blow – Happy Jack Geology and Structure Summary

The Big Blow mineralisation is predominantly hosted by a sub-vertical to steeply east-dipping 10-20m wide fault zone and associated breccia within the Burbanks Basalt. Both the Big Blow and Happy Jack structures have been intruded by north trending feldspar-hornblende porphyries of similar style to those associated with Brilliant. Happy Jack is sub-parallel to Big Blow and hosts lower grade though structurally analogous mineralisation also within the Burbanks Basalt.

Big Blow – Happy Jack Resource Development Drilling

Focus drilled 71 RC holes in the Big Blow Happy Jack area. Sixty-two of the RC holes provided grade control on material from Big Blow subject to economic evaluation as a small-scale mining project with toll milling.

18 RC grade control holes for 150m were located on low grade stockpile material left over from mining in 2012/13 for Mineral Resource Estimation purposes. 9 RC holes for 462m were also completed at Happy jack to recover samples for material classification and targeted resource infill.

Big Blow Mineral Resource Estimation

After grade control infill of the designed toll milling Big Blow Open Pit the Mineral Resource was upgraded to Measured category. The updated toll milling open pit Mineral Resource reported on a dry tonnage basis using 0.8 g/t cut off comprises:

Model Category
Tonnage
(Kt)

Au
Grade
(g/t)
Au
Contained
Oz
BigBlow including grade control drilling Measured
33.5
3.79 4,079
Change % vs the 2021 Indicated Mineral
Resource reported within approved pit +2.1% +6.6% +8.8%
design

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Figure 7: View East 11m wide long section following the main shoot at Big Blow. The Indicated category mineralisation Block model centroids cut at 0.8 g/t outside the 2022 toll milling pit are coloured as per inset legend. Grade control holes and assays cut at 0.8 g/t are also shown with selected labels.

The 2013 Big Blow Low Grade Stockpile was drilled at approximately 10m x 10m spacing for Inverse Distance Squared (IDS) Mineral Resource estimation. The Mineral Resource is reported on a dry tonnage basis without cut off as stockpiles are not mined to a cut off. Bulk density of 1.6 t/m[3] has been applied and is based on recent toll milling reconciliation with processed Empress-Dreadnought low grade stockpile. The Empress – Dreadnought stockpile comprises similar material and a toll milling campaign of more than 100,000t reconciled at 1.67t/ m[3] .

Model Category
Tonnage
(Kt)

Au
Grade
(g/t)
Au
Contained
Oz
Big Blow Low Grade Stockpile after grade
control drilling
Measured
44.9
0.56 811

The Big Blow Low Grade Stockpile reported a grade below cut off for toll milling and it has not been used for recent campaigns. The material can be utilised to support production at Coolgardie if required. Overall Mineral Resources after depletion at Big Blow including the historic low-grade stockpile have increased by 20 Koz or 62.5%.

CNX Mineral Resource Update

Highlights:

  • Measured Mineral Resource within optimised pit design improved with 18% increase in grade and 5% increase in overall ounces

CNX Location and Production

CNX is located on the north-west extension of the Three Mile Hill Open Pit which had historic production of 4.2 Mt @ 2.4 g/t Au for 324Koz. The strike of the Mineral Resource being reported is 700m and reported to a vertical depth of 230m from surface. The south-east extension of the mineralisation is cut off using an exclusion zone 97m north of the Great Eastern Highway centreline. CNX is located only 1.25 km north north-west of the Three Mile Hill ROM pad.

The CNX deposit was last mined as a 30m deep trial pit in 1991. Archives indicate the following premining Open Pit Mineral Resource estimate and post-mining reconciliation:

Classification Tonnes Au Grade
(g/t)

Au Contained
Oz
1991 Trial Pit Mineral Resource estimate 1g/t cut off 120,00 2.1 8,000
1991 Trial Pit Estimated 20% [email protected]/t 24,000 0.3 200
1991 Trial Pit Estimated Recovered Diluted Mineral
Resource 1 g/t cut off
143,000 1.8 8,200
Reconciled Trial Pit Recovered Mineral Resource at
1 g/t cut off
196,000 1.9 11,700
1991 Recovered lowgrade stockpile 9,000 1.0 300
Total Recovered 1991 CNX 205,000 1.82 12,000
1991 CNX Mineral Resource vs Reconciliation % +43.4% +5.9% +46.3%

Market Announcement | Page 11 of 96

CNX Geology and Structure Summary

The main control on the bulk-style tabular mineralisation at CNX is the G2 Gabbro (Figures 8 and 9). Within the G2 Gabbro, 0.5cm to +5cm quartz-chlorite-sulphide veins form a series of stacked, shallow south-west dipping stockworks. Higher-grade mineralisation dips south-east within the G2 Gabbro and is characterised by sets of 5cm to 30cm-thick quartz-chlorite-sulphide veins.

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Figure 8: View to north and down showing the location of CNX along strike from the Three Mile Hill deposit. CNX Measured category block model centroids cut at 0.6 g/t are coloured as per inset legend. The CNX V5 pit design is show with black triangulation strings. Section location is also shown. RC grade control holes are marked with black hole traces and significant intersections coloured as per inset legend. The location of sterilisation holes is shown with blue arrow hole traces. The location of section box for Figure 12 (red box) is also shown.

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Figure 9: Sectional view towards the north-west of the interpreted cross section for 20CNDD004. The sub-vertical yellow polygon shows the location of the modelled G2 Gabbro that hosts the majority of the CNX mineralisation. Red polygons show the location of the bulk-style CNX mineralisation.

CNX Resource Development Drilling

First round of drilling includes 23 RC holes for 1,110m, targeting the southeastern half of CNX between 35m and 45m vertical depth. The holes were drilled on a general 15m x 20m pattern. The new holes infill the drill spacing in the southeastern half of CNX to a general 15m x 10m spacing to about 35m vertical depth. This infill drilling program was completed in order to better define the grade and to improve modelling of the main mineralised structural sets. As a result of this infill, it has now been possible to remodel the CNX deposit and estimate the Mineral Resource using Ordinary Kriging (OK) thereby the mineralisation spatial accuracy and precision of grade.

CNX Mineral Resource Estimation

The previous Mineral Resource for CNX was compiled in 2021 (Refer to ASX announcement dated 24 November 2021).

The detailed infill RC drilling at CNX defined the relationship of flat and moderately dipping mineralisation. Furthermore, it resulted in confirmation that the moderate dip structures control the majority of the Mineral Resource ounces and provide priority for areas where flats and moderate structures intersect. The higher resolution OK Mineral Resource enables higher levels of mining selectivity assessment and staging of pit development.

The OK CNX Mineral Resource has now been used for advanced mine design ahead of permitting, and to update the boundary of Measured Mineral Resources. On a dry tonnage basis using a cut off of 0.5 g/t Au the OK Mineral Resource is reported/compared with the previous LUC Mineral Resources:

Classification Tonnage
(Mt)

Change
Tonnes


Au Grade
(g/t)

Change
Grade

OK Au
Koz
Chang
e oz
Measured 1.77 -17% 1.31 +23% 74,400 -3%
Indicated 1.63 -2% 1.11 +7% 57,900 +5%
Inferred 0.46 -43% 1.46 +46% 21,700 -17%
Total Mineral
Resource

4.6
-16% 1.06 +17% 157,900
-2%

Alicia - Empress Area Mineral Resources Update

Highlights:

  • Mineral Resource for Empress Pit updated to JORC 2012 following review

  • targeted RC drilling between Alicia and Empress

  • ROM pads of low-grade material overlying Alicia deposit estimated for the first time

Alicia - Empress Location and Past Production

The Alicia-Empress deposit is located approximately 3.5km due south of the Coolgardie townsite and 6.5km south southeast from TMH.

Alicia is a previously unmined, near-surface gold deposit with minor historic shafts in the vicinity of the mineralisation. Alicia is located to the east of Empress and runs parallel to the Empress open pit. Empress was subject to historical underground mining and a minor trial pit. The main stage of Empress

Market Announcement | Page 13 of 96

open pit mining was completed by Focus Minerals between 2011-2012 and produced 192,241 tonnes at 2.11 g/t for 13,052 oz . Empress was also mined underground by Focus as part of the greater Tindals Underground development.

The area to the northeast and east of the Empress Open Pit were utilised as a ROM/stockpile. Parts of these ROM/stockpiles overly the Alicia deposit. The historic Tindals Open Pit waste dumps partly onlap the eastern side of the Alicia deposit.

Alicia – Empress Summary Geology and Structure

The two deposits, Empress and Alicia, are interpreted as being the two distinct limbs of an antiform with the fold hinge forming a structurally complex deposit (Figure 10). Local geology consists of a quartz bearing intrusive diorite between a mafic basalt hanging wall and komatiite footwall that displays distinctive spinifex texture. The majority of the gold mineralisation is hosted by the diorite intrusions and associated mm-cm scale quartz veins.

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Figure 10: View to the north and down of geology map for the Alicia-Empress area. The updated Alicia and Empress Resource model block centroids cut at 0.6 g/t are coloured for gold g/t as per inset legend. Dashed box shows fold hinge area between Alicia and Empress where steeply north northwest dipping mineralisation was targeted by shallow RC grade control drilling.

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Figure 11: View northeast towards the southeast wall of the Empress Open Pit with car parked at Alicia in background to help illustrate scale of the pit. Steeply north northeast dipping mineralised structures from the southern part of Alicia and across the southern part of the Empress pit (marked with red dashed lines). In the southeast wall of Empress Open Pit, the cross faults can be seen as intervals of foliation fabric with preferential weathering. The structures may be related to the axial planar fabric of a large regional syncline located ~3km east northeast of Alicia near the Boundary Open Pit.

The Alicia deposit consists of 5 main lodes that dip steeply to the west and cover a strike length of up to 300m (open at depth).

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Figure 12: Cross-section view looking north of the Alicia main lodes representative section, including 2020 drill hole 20ALRC002 and interpreted mineralisation wireframes. Significant intersections are calculated using a 0.5 g/t cut-off and up to 3m internal dilution.

The fold hinge between Alicia and Empress is characterised by low grade shallow north dipping lodes crosscut by narrow high grade steeply north north-west dipping lodes (Figure 13).

Market Announcement | Page 15 of 96

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Figure 13: Cross-section view looking east of the Alicia-Empress fold nose representative section (Figure 10), including drill holes (thick black holes traces) and interpreted mineralisation wireframes. Significant intersections are calculated using a 0.5g/t cut-off and up to 3m internal dilution.

The Empress deposit consists of subvertical north and north northeast striking lodes cross cut by the same north northwest dipping features seen at the fold hinge (Figure 13).

Following recognition of this important mineralised structural orientation the Empress deposit was remodelled including where appropriate north northwest dipping mineralisation (Figure 13).

Alicia - Empress Resource Development

Twenty RC holes for 1,595m were completed at Alicia to mainly target shallow mineralisation that was optimizing to the west of Alicia. Within the optimised Alicia pit seventeen RC holes 1,038m were completed on a 12m x 20m pattern. The targeted area had previously been drilled by RAB and RC including multiple orientations of RC. Drill orientation was optimised based on 2021 diamond core data.

Alicia – Empress Mineral Resource Estimation

The updated open pit Mineral Resources for the adjacent Alicia and Empress deposits were completed via comprehensive review and incorporation of new RC drilling.

The main zone mineralisation at Alicia and Empress is open to extension along strike to the north and at depth. Currently 350m of strike at Alicia and 240m of strike at Empress are included in the Mineral Resource.

Updated Empress and Alicia Mineral Resource estimates are reported on a dry tonnage basis using 0.7 g/t cut off and depth limited to 300m RL (120m below surface).

Deposit Classificati
on
Tonnage
Change
T
Au
Grade
(g/t)
Change
g/t
Au
Contained
Oz
Change
% Oz
ALICIA Indicated
625,250
+24%
1.41
-10%
28,270
+11%
Inferred
1,900
+100%
1.15
+100%
70
+100%
Alicia Total
627,150
+24%
1.41
-10%
28,340
+11%
EMPRESS Indicated
144,800
+13%
1.57
-21%
7,290
-9%
Inferred
35,200
+193%
1.09
-26%
1,230
-5%
Empress Total
180,000
+29%
1.47
-26%
8,852
-5%
Grand total updated open
pit Mineral Resources
807,150
+25%
1.42
-15%
36,860
+7%
New ROM/stockpile Mineral Resource at Alicia is reported on a dry tonnage basis and without cut off
for the entire ROM/stockpile volume.
Deposit
Classification
Tonnage
Au Grade(g/t)
Au Contained Oz
ROM NORTH
Indicated
45,390
0.79
1,150
ROM SOUTH
Indicated
14,740
0.71
335
Grand Total ROM/Stockpile
60,130
0.77
1,490

New ROM/stockpile Mineral Resource at Alicia is reported on a dry tonnage basis and without cut off for the entire ROM/stockpile volume.

In total the updated Mineral Resources comprise 874,790t @ 1.37 g/t for 38,540 oz.

Depth confirmation of reinterpreted Undaunted-Lady Charlotte Mineral Resource model

Highlights:

Undaunted – Lady Charlotte Mineral Resource ounces increase 15%

Undaunted – Lady Charlotte Location and past production

Undaunted and Lady Charlotte are located just 300m north and northeast of the Tindals Mines Complex and 900m south of Brilliant Open Pit. The site is accessed by mine roads extending to the main ramp of the Tindals-Cyanide Open Pit and linking west back to the Tindals Haul Road.

Undaunted – Lady Charlotte Summary Geology and Structure

Undaunted and Lady Charlotte lie within an area of complexly folded and faulted Brilliant Ultramafic, and underlying Lindsays Basalt (lower basalt equivalent). The felsic intrusives of the Bayleys Porphyry Suite have intruded the folded and faulted contacts.

Market Announcement | Page 17 of 96

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Figure 14” View north and down for the updated Undaunted – Lady Charlotte Mineral Resource estimation with block model centroids cut at 0.6 g/t and coloured for gold grade g/t as per inset legend. Mapped/interpreted geology is also shown draped on topography. The outline and ramp for the Tindals – Cyanide Open Pit and Underground is also shown.

Undaunted (west side) and Lady Charlotte (east side) are subparallel NNE striking shears and diorite dyke-controlled lodes that dip steeply to the ESE. The two main lodes are linked by several curvilinear (S fabric) sub-vertical to steeply southeast dipping mineralised shears.

Undaunted and Lady Charlotte are typical of Tindals style mineralisation associated with diorite intrusions within the Brilliant Ultramafic unit.

The mineralisation domains have been interpreted over 570m strike length and 100m vertical depth, with mineralisation continuing along strike north and south and down dip.

Undaunted – Lady Charlotte Resource Development

A small program of reverse circulation (RC) drilling was completed at Undaunted and Lady Charlotte. This drilling tested the quality of historic drilling to confirm the tenor of interpreted and under drilled shoots which host higher grade and thickness of gold mineralisation (refer ASX announcement dated 26 April 2021).

This drilling successfully confirmed that higher grade shoots are present in these deposits from shallow levels. These high value shoots can be targeted for follow up resource development.

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Figure 15: View north of Undaunted and Lady Charlotte 2020 RC infill drilling (thicker drill traces) targeting mineralised shoots. Gold grade g/t is coloured as per inset legend and 2020 significant intersections calculated using 0.5 g/t cut off and up to 3m dilution have been labelled.

Undaunted – Lady Charlotte Mineral Resource Estimation

This Mineral Resource update for Undaunted and Lady Charlotte deposits now comply with JORC 2012 reporting. Only Inferred Category Mineral Resources are reported for the updated Mineral Resource estimates. This change in classification reflects results of data review including:

  • Identification of older drilling with incomplete sampling and or documentation

  • Removal of some holes from the database

  • Modelling less strike of mineralisation and in particular areas targeted by older holes.

The updated Mineral Resource estimation is reported on a dry tonnage basis to a depth of 90m (340mRL) and using a 0.5 g/t cut-off:

Undaunted updated Mineral Resource compared with 2012 Mineral Resource estimate:

Classification Tonnage
(Kt)

Tonnes
Change
%


Au Grade
(g/t)
Grade
Change
%

Au
Contained
Oz

Au
Ounces
Change %
Indicated 0 -100% 0 -100% 0 -100%
Inferred 382 203% 1.53 -20.9% 18,750 134.3%
Total 382 22% 1.53 -21.9% 18,750 -6.3%

Lady Charlotte update Mineral Resource compared with 2012 Mineral Resource estimate:

Classification Tonnage
(Kt)

Tonnes
Change
%
Au Grade
(g/t)

Grade
Change
%

Au
Contained
Oz

Au
Ounces
Change %
Indicated 0 -100% 0 -100% 0 -100%

Market Announcement | Page 19 of 96

Inferred 780 125.5% 1.27 -15.9% 31,850 87.4%
Total 780 61.6% 1.27 -17.9% 31,850 32.7%

The total updated Undaunted and Lady Charlotte Mineral Resources compared with 2012 Mineral Resource estimate:

Classification Tonnage
(Kt)

Tonnes
Change
%


Au Grade
(g/t)

Grade
Change %
Au
Contained
Oz

Au Ounces
Change %
Indicated 0 -100% 0 -100% 0 -100%
Inferred 1,162 146.2% 1.35 -17.8 50,600 102.4%
Total 1,162 46% 1.35 -21.2% 50,600 15%

Central Coolgardie Low Grade Stockpiles and Tails Mineral Resources

Highlights:

  • 375 RC holes completed at 15m x 15m spacing for 1,134m targeting 3 historic low-grade stockpiles and 6 historic tails

  • Seven of the nine targeted areas drilled have returned material suitable for processing at TMH

  • In total an additional Indicated Mineral Resource of 194 Kt @ 0.8 g/t for 5,000 oz has been added

Central Coolgardie Gold Project Stockpiles and Tails Location

The Coolgardie Gold Project hosts numerous historic mines with remnant low grade stockpiles and historic gold treatment areas including leach vats. Nine deposits of potential free dig mill feed were identified in the central part of the CGP for infill drilling and Mineral Resource estimation. The Dreadnought – Empress Low Grade Stockpile was targeted with 10 – 15m spaced RC drilling leading to IDS Mineral Resource estimation. Follow up campaigns of toll milling confirmed a very close reconciliation of mill production to the reported Mineral Resource.

The low-grade stockpiles comprise transitional and fresh rock material sourced from historic mining at Greenfields Open Pit and Tindals Underground. The tails vats comprise crushed/ground ore veins from a variety of sources including: Bayleys, Lindsays, Redemption, Queen of Sheba and Golden Bar.

==> picture [327 x 469] intentionally omitted <==

Figure 15: Plan view central Coolgardie Gold Project (CGP) with historic low-grade stockpiles and tails targeted by Stage 1 RC infill drilling in the first half of 2023.

Central CGP Stockpiles and Tails Resource Development

RC drilling at 15m x 15m spacing has been completed over stage 1 Central CGP low grade targets. In total 375 RC holes for 1,134m were drilled. The drill sampling was completed using a track mounted RC rig with onboard cone splitter. All holes were drilled dry with 1m split samples submitted for fire assay gold analysis. Regular QAQC protocols were used including inserting a range of standards into the sample sequence. The sampling provides a consistent database for modelling and Mineral Resource estimation with a high level of integrity and QAQC. Detailed collar pick up and surveys have been conducted to provide accurate digital terrain models (DTM) for the estimation.

Central CGP Stockpiles/Tails Mineral Resource Estimation

The data has been interpreted in Leapfrog to determine areas that are consistently mineralised and have sufficient gold mineralisation including any internal waste. These modelled solids are considered

Market Announcement | Page 21 of 96

recoverable using mechanised load and haul with processing at TMH. Furthermore, where appropriate HG and LG domains have been modelled to facilitate mining selectivity.

The resulting models have been estimated using Datamine and application of regular Mineral Resource Estimation protocols. The Mineral Resource estimation has been completed using Inverse Distance Squared (ID[2] ). Dry bulk density has been assigned to the stockpiles and tails at 1.6 T/m[3] . This is slightly lower than the 1.67 T/m[3] that has been consistently achieved from the Dreadnought – Empress low grade stockpile. Indicated Mineral Resources are reported for recoverable portions of the stockpiles/tails only. It is noted that all reported Mineral Resources exceed the 0.4 g/t cut off.

==> picture [451 x 134] intentionally omitted <==

The release of this ASX announcement was authorised by Mr Wanghong Yang, Executive Chairman of Focus Minerals Ltd.

For further information please contact: For media and investor enquiries please contact: Alex Aaltonen Nicholas Ong General Manager Exploration Company Secretary Focus Minerals Ltd. Focus Minerals Ltd. Phone: +61 8 9215 7888 Phone: +61 8 9215 7888 Email: [email protected] Email: [email protected]

About Focus Minerals Limited (ASX: FML)

Focus Minerals is Western Australia’s newest gold producer and focused on delivering shareholder value from its 100%-owned Coolgardie Gold Operation and Laverton Gold Project, in Western Australia’s Goldfields.

Focus is committed to delivering shareholder value from the Coolgardie Gold Operation, a 121km[2] tenement holding that includes a 1.2Mtpa processing plant at Three Mile Hill, with commencement of mining activities in mid2023. A new Life of Mine plan with 7-year production for 402,000oz of gold was announced to the ASX on 24 October 2022.

The Laverton Gold Project covers 384km[2] area of highly prospective ground that includes the historic Lancefield and Chatterbox Trend mines. Focus’ priority target is to confirm sufficient gold mineralisation to support production restart at Laverton.

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.

Market Announcement | Page 23 of 96

JORC Code, 2012 Edition – Table 1 Greenfields Deposit

Section 1 Sampling Techniques and Data

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

Criteria Explanation
Sampling techniques This report relates to results from Reverse Circulation (RC) drilling and
diamond core (DD) drilling.
Focus Minerals Ltd (FML) RC percussion drill chips were collected at 1m intervals
via a riffle splitter orthrough a cyclone and cone splitterto achieve a sample
weight of approximately 3kg. Historically 2m composite samples were collected by
spear samplingthe bulk 1m sample. Where results returned greater than
0.2g/t Au, the 1m samples were submitted.
For FML diamond core, sample intervals are either cut on metre intervals or with
intervals selected to geological boundaries down to 10cm. Core is cut in half by
diamond bladed saw with half sent to the laboratory and half retained in the core
tray on site. Some of the diamond core has been ¼ core sampled, this is only in
the minority of cases.
Coolgardie Gold NL (CGNL) collected 1m samples or 2m composites for RC
holes, however, do not state their sub-sampling techniques.
CGNL diamond core was drilled at NQ size with an RC pre-collar. Half-core
samples were selectively taken over 1m intervals.
Gold Mines of Coolgardie (GMC) collected 1m RC samples from surface.
MPI collected 1m RC cuttings and were then passed through a trailer mounted
cyclone and stand-alone riffle splitter to provide a 4-6kg sample.
Diamond core was drilled at NQ2 size and after orienting and logging, was ½ core
sampled over the entire length of alteration zones up to a maximum of 1.5m
length.
The Redemption JV (RJV) established between companies Goldfan Ltd, Croesus
Mining NL, Matador Mining and Focus Minerals collected 1m RC samples from a
trailer mounted cyclone and riffle splitter to achieve a sample weight of 4-6kg.
Diamond core was NQ2 sized and ½ core sampled from 0.3m to a maximum of
1.5m.
Drilling techniques All FML drilling was completed using an RC face sampling hammer or NQ size
diamond core. Diamond core was orientated by the drilling contractor using an
Ezy-mark system. Most holes were surveyed upon completion of the drilling have
either been surveyed by single-shot camera, electronic multi-shot (EMS) or
Gyroscopic methods.
Historic RC holes were drilled using a face sampling hammer or NQ sized
diamond core. Holes were surveyed by either EMS or single shot surveys.
Diamond core was orientated using the Ezy-Mark system.
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.
Diamond core recovery is recorded as core-loss however there were no core-loss
issues at Greenfields.
Sample recovery has been recorded in the drill hole logs for the diamond holes
drilled by CGNL with no recovery issues. Historic RC drilling recovery is not
recorded.
Logging FML drill holes were logged for the entire length of the hole.
All diamond core samples were orientated, marked into metre intervals and
compared to the depth measurements on the core blocks. Any core loss was
noted and recorded in the database. All core was logged for structure and geology
using the same system as RC. The core wasphotographed wet and dry one tray

Page 24 of 96

at a time using a standardised photography jig.
All RC samples were geologically logged to record weathering, regolith, rock type,
colour, alteration, mineralisation, structure and texture and any other notable
features that are present.
Logging was qualitative; however, the geologists often record quantitative mineral
percentage ranges.
Historic RC and Diamond 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.
Original drill logs have been viewed and used to validate data stored in acQuire for
a majority of the pre-Focus drilling.
Sub-sampling
techniques and
sample preparation
FML diamond core samples were taken from half core or quarter core cut using an
Almonte automatic core saw. The remainder of the core was retained in core trays.
RC samples were riffle or cone 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. The use of a booster and
auxiliary compressor provide dry sample for depths below the water table.
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.
FML samples have been assayed by various laboratories, the 2021 and 2022 drill
samples were sent to Jinnings Laboratory in Kalgoorlie for a 40g Fire Assay
method with an AAS or ICP-OES 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.

The sample sizes were considered to be appropriate for the type, style and
consistency of mineralisation encountered during this phase of exploration.
Analytical methods for gold analysis for much of the historical drilling are 25g –
50g Fire Assay method and 50g Aqua Regia completed at various laboratories in
Kalgoorlie and Perth.
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.
Earlier FML QAQC checks involved inserting a standard or blank every 20
samples in RC or diamond drilling and taking a field duplicate every 20 samples in
RC. Field duplicates were collected from the cone splitter on the rig. Diamond core
field duplicates were not taken, a minimum of 3 standards were inserted for every
sample batch submitted.

Regular reviews of the sampling were carried out by the supervising geologist and
senior field staff, to ensure all procedures were followed and best industry practice
carried out.

All results from assay standards and duplicates were scrutinised to ensure they
fell within acceptable tolerances.

An umpire sampling program was carried out on a selection of samples from the
2022 RC drill program. Pulps from the primary Jinnings Laboratory analysis were
sent to ALS Laboratory for check analysis. From the 321 check analyses, the
correlation was generally very good, however did highlight the presence of
nuggety gold at Greenfields.
Very little in the way of quality control data is available from sampling of the
historical drilling that currently defines the resource. In 2002 MPI resampled some
of the CGNL diamond core with repeats showing high degree of grade variability
with a slight upgrade in mean grade.
RJV inserted a certified standard and a field blank every 20 samples, whilst the

Market Announcement | Page 25 of 96

ALS Chemex laboratory in Kalgoorlie inserted a blank or certified standard every
20 samples and a duplicate every 10 samples.
Drilling by Focus aimed to confirm the geometry of the ore envelope and grade
tenor encountered in historical drilling.
Verification of
sampling and
assaying
Significant intervals were visually inspected by company geologists to correlate
assay results to logged mineralisation.
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.
Historic holes were validated against paper copies and WAMEX reports where
possible.
The 2022 drill program highlighted inconsistences within a series of historic holes
drilled by CGNL/GMC in 1995. From the results of further drilling and umpire assay
results, 8 historic “GFC” series holes drilled by CGNL/GMC in 1995 were removed
from the MRE.
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 co-ordinates and bearings use the MGA94 Zone 51 grid system.
FML drill collars were surveyed by DGPS base station instruments.
Most of the RC and diamond holes have down hole surveys by either Eastman
single shot camera, Electronic Multi-shot or Gyroscopic methods.
CGNL used Surtron to carry out the downhole surveying.
Data spacing and
distribution
Drilling has been conducted on 20m by 10 – 15m spaced grid on sections
orientated across strike of the ore zone at an azimuth of either 020º or 200 º and at
various dips.
After mining commenced FML conducted RC Grade control drilling on a 10m x
10m staggered grid at different pit floor levels across the mineralisation, averaging
40m depth. Wider spaced drilling exists at depth up to as wide as 40m by 80m.
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.
Drill holes were orientated at right angles to the strike of the deposit, with dip
optimised for drill capabilities and dip of the mineralisation.
Sample security All samples were reconciled against the sample submission with any omissions or
variations reported to FML.
Historic sample security is not recorded.
Audits or reviews Significant data validation was completed by consultants Hellmann and Schofield
who completed a resource estimate in 2005.
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.

Section 2 Reporting of Exploration Results

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

Criteria Explanation
Mineral tenement and land
tenure status
Greenfields is located within Mining Lease M15/154, registered to Focus Minerals
Ltd. and Focus Operations Pty Ltd of Perth, Western Australia and which is
current until April 2027.
The Malinyu Ghoorlie 2017 and Maduwongga 2017 Claims cover the majority of
the Coolgardie tenure. At this stage no Coolgardie claims have progressed to
determined status.
Exploration done by other
parties
Greenfields is a site of numerous historic workings including small pits and
shafts, however no production figures are available for these workings. Modern
exploration by Coolgardie Gold NL includes trenching and multiple drill
campaigns including RAB, RC and Diamond drilling. Gold Mines of Coolgardie
Pty Ltd (GMC), MPI Gold Pty Ltd and FML have also run drilling campaigns of
RC and Diamond at Greenfields.
Mining atGreenfields OP has been completed in a number of campaigns:
Company
From
To
Tonnes
Grade
Ounces
CGNL
Jul-86
May-88
435,000
1.6
22,377
Herald
Mar-90
Oct-96
367,000
1.86
21,947
MPI
Dec-03
Feb-05
633,431
1.68
34,214
FML
Oct-12
Jul-13
93,072
1.14
3,397
TOTAL
1,528,503
1.67
81,935
Geology The Greenfields deposit is located within the Greenfield sill which is an equivalent
unit of the Three Mile Sill.
From footwall to hangingwall the geology of the Greenfields open pit comprises:

Non mineralised units comprising the steeply southwest dipping footwall shear
zone.
Ultramafic volcanics
Structurally repeated sequence of sheared ultramafics and overlying Black Flag
volcaniclastics,
Sheared Black Flag volcaniclastics.

Units from the hangingwall to the footwall shear zone:
A syncline defined by folded Black Flag Volcaniclastics is noted at the upper
NW and SE sides of the open pit. This syncline presumably overlaid gabbro
hosted mineralisation through the central parts of the now mined open pit.
The majority of the open pit is situated on the hangingwall of the unmineralized
footwall shear zone. The Hangingwall is composed predominantly of Three
Mile Sill equivalent differentiated layered intrusion. The chill margin of the
intrusion is dolerite. The central part of the intrusion comprises variable gabbro
sub-units including significantly mineralised G2 Gabbro unit.
Gold Mineralisation
Mineralisation is hosted by a quartz vein stockwork that exploits a conjugate set of
brittle-ductile fractures. The structural sets are dominantly:
Flat dipping to the south west and,
steep dipping to the southwest
The structural sets host Bucky quartz veins have accessory pyrrhotite and
arsenopyrite sulphides and sometimes visible gold is observed.
Veins display crack seal textures and are commonly weakly wall rock laminated.

The wall rock to the veins is commonly bleached over 0.2 - 0-.4m intervals.

Market Announcement | Page 27 of 96

Criteria Explanation Explanation Explanation Explanation
Drill hole Information Historic drilling information has been validated against publicly available WAMEX
reports. Not all drill holes can be found referenced in the WAMEX reports.
However, cross-checking of original drill surveys was verified against the
database. Most of these holes were drilled in the excavated pit area and has been
depleted from the reported resource.
Company Drill Hole Number WAMEX
Report
A-
Number
WAMEX
Report
Date
Coolgardie
Gold NL
GFC002, GFC003, GFC005, GFC006, GFC007,
GFC009, GFC010, GFC011, GFC013, GFC014,
GFC015, GFC017, GFC018, GFC019, GFC021,
GFC022, GFC023, GFC025, GFC026, GFC027,
GFC028, GFC030, GFC031, GFC033, GFC034,
GFC036, GFC037, GFC039, GFC040, GFC042,
GFC043, GFC044, GFC048, GFC050, GFC051,
GFC052, GFC054, GFC061, GFC062, GFC065,
GFC073, GFC075, GFC076, GFC077, GFC079
17821 Apr-86
GFD093, GFD094, GFD095, GFD096,
GFD097, GFD098, GFD099, GFD100,
GFD101, GFD102, GFD103, GFD104,
GFD105, GFD106, GFD107, GFD108,
GFD109, GFD110, GFD111, GFD112,
GFD113, GFD114, GFD115,
27478 01-Apr-89
GFW119, GFW120 30743 01-May-90
GFC119, GFC120, GFC122,GFC124, GFC126,
GFC127, GFC128, GFC129, GFC130, GFC131,
GFC132, GFC133, GFC134, GFC135, GFC136,
GFC143, GFC144, GFC145, GFC146
44537 01-May-95
GMC 8GFC147, GFC148, GFC150, GFC151,
GFC155, GFC156, GFC157, GFC158, GFC159
48019 01-May-96
GFC160, GFC161, GFC162, GFC164, GFC165,
GFC166, GFC167, GFC168
52248 01-Sep-97
MPI GFD432, GFD433 66091 01-Feb-03
GFR429, GFR430, GFR431, GFR434 66091 01-Feb-03
Redemption JV GFDD30160-1, GFDD30220-1, GFDD30300-
1, GFDD30340-1
74513 28-Feb-07
GFRC29990-1, GFRC30060-1, GFRC30100-1,
GFRC30120-1, GFRC30340-2, GFRC30340-3
74513 28-Feb-07
Focus Minerals
Ltd
TMHCD0009, TMHCD0011, TMHCD0017,
TMHCD0018
92766 09-Feb-11
TMHDD0019, TMHDD0020, TMHDD0021,
TMHDD0022, TMHDD0023
Criteria Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation Explanation

Previously reported drilling information NOT available on WAMEX reports:
Drill Hole ID
ASX Release Title
Date
GRC350-001, GRC350-002, GRC355-008, GRC355-013,
GRC355-014, GRC355-015, GRC355-016, GRC355-017,
GRC355-019, GRC355-020, GRC355-021, GRC355-022,
GRC355-027, GRC355-028, GRC355-029, GRC355-030,
GRC355-031, GRC355-032, GRC355-033, GRC355-034,
GRC355-035, GRC355-037, GRC355-038, GRC360-002,
GRC360-003, GRC360-004, GRC360-005, GRC360-006,
GRC360-007, GRC360-008, GRC360-009, GRC360-010,
GRC360-011, GRC360-012, GRC360-013, GRC360-014,
GRC360-016, GRC360-017, GRC360-019, GRC360-020,
GRC360-023, GRC360-024, GRC360-025, GRC360-026,
GRC360-027, GRC360-028, GRC360-029, GRC360-030,
GRC360-031, GRC360-032, GRC360-033, GRC360-034,
GRC360-035, GRC360-036, GRC360-038, GRC360-039,
GRC360-040, GRC360-042, GRC360-043, GRC360-044,
GRC360-045, GRC360-046, GRC360-049, GRC360-052,
GRC360-053, GRC360-054, GRC370-001, GRC370-002,
GRC370-003, GRC370-004, GRC370-005, GRC370-006,
GRC370-007, GRC370-008, GRC370-009, GRC370-010,
GRC370-011, GRC370-012, GRC370-013, GRC370-014,
GRC370-015, GRC370-016, GRC370-017, GRC370-018,
GRC370-019, GRC370-020, GRC370-021, GRC370-022,
GRC370-023, GRC370-024, GRC370-025, GRC370-026,
GRC370-027, GRC370-028, GRC370-029, GRC370-030,
GRC370-031, GRC370-032, GRC370-035, GRC370-036,
GRC370-037, GRC370-038, GRC370-039, GRC370-040,
GRC370-041, GRC370-042, GRC370-047, GRC370-049,
GRC370-050, GRC370-051, GRC360-021, GRC360-022,
GRC360-018, GRC360-047, GRC360-015, GRC360-048,
GRC360-037, GRC360-041, GRC355-001, GRC355-009,
GRC355-002, GRC350-007, GRC350-008, GRC350-012,
GRC350-011, GRC350-005, GRC350-009, GRC350-013,
GRC350-010, GRC350-003, GRC355-039, GT355-001,
GRC355-041, GT355-002, GRC355-023, GRC355-018,
GRC355-040, GRC355-024, GRC355-036, GRC355-012,
GT355-004, GT355-003, GRC350-014, GRC355-025,
GT355-005, GT355-006, 21GFDD001, GFD029,
GFD032, GFD035, GFD038, GFD041, GFD049, GFD053,
GFD055, GFD057, GFD064, GFD066, GFD068, GFD069,
GFD078, GFD080, GFD082, GFD083, GFD084, GFD085,
GFD086, GFD087, GFD088, GFD089, GFD090, GFD091,
GFD092
Measured
Resources Growth
at Greenfields
6-Aug-22

2022 FML holes not publicly available on WAMEX:
Drill Hole ID ASX Release Title Date
GRC350-001, GRC350-002, GRC355-008, GRC355-013,
GRC355-014, GRC355-015, GRC355-016, GRC355-017,
GRC355-019, GRC355-020, GRC355-021, GRC355-022,
GRC355-027, GRC355-028, GRC355-029, GRC355-030,
GRC355-031, GRC355-032, GRC355-033, GRC355-034,
GRC355-035, GRC355-037, GRC355-038, GRC360-002,
GRC360-003, GRC360-004, GRC360-005, GRC360-006,
GRC360-007, GRC360-008, GRC360-009, GRC360-010,
GRC360-011, GRC360-012, GRC360-013, GRC360-014,
GRC360-016, GRC360-017, GRC360-019, GRC360-020,
GRC360-023, GRC360-024, GRC360-025, GRC360-026,
GRC360-027, GRC360-028, GRC360-029, GRC360-030,
GRC360-031, GRC360-032, GRC360-033, GRC360-034,
GRC360-035, GRC360-036, GRC360-038, GRC360-039,
GRC360-040, GRC360-042, GRC360-043, GRC360-044,
GRC360-045, GRC360-046, GRC360-049, GRC360-052,
GRC360-053, GRC360-054, GRC370-001, GRC370-002,
GRC370-003, GRC370-004, GRC370-005, GRC370-006,
GRC370-007, GRC370-008, GRC370-009, GRC370-010,
GRC370-011, GRC370-012, GRC370-013, GRC370-014,
GRC370-015, GRC370-016, GRC370-017, GRC370-018,
GRC370-019, GRC370-020, GRC370-021, GRC370-022,
GRC370-023, GRC370-024, GRC370-025, GRC370-026,
GRC370-027, GRC370-028, GRC370-029, GRC370-030,
GRC370-031, GRC370-032, GRC370-035, GRC370-036,
GRC370-037, GRC370-038, GRC370-039, GRC370-040,
GRC370-041, GRC370-042, GRC370-047, GRC370-049,
GRC370-050, GRC370-051, GRC360-021, GRC360-022,
GRC360-018, GRC360-047, GRC360-015, GRC360-048,
GRC360-037, GRC360-041, GRC355-001, GRC355-009,
GRC355-002, GRC350-007, GRC350-008, GRC350-012,
GRC350-011, GRC350-005, GRC350-009, GRC350-013,
GRC350-010, GRC350-003, GRC355-039, GT355-001,
GRC355-041, GT355-002, GRC355-023, GRC355-018,
GRC355-040, GRC355-024, GRC355-036, GRC355-012,
GT355-004, GT355-003, GRC350-014, GRC355-025,
GT355-005, GT355-006, 21GFDD001, GFD029,
GFD032, GFD035, GFD038, GFD041, GFD049, GFD053,
GFD055, GFD057, GFD064, GFD066, GFD068, GFD069,
GFD078, GFD080, GFD082, GFD083, GFD084, GFD085,
GFD086, GFD087, GFD088, GFD089, GFD090, GFD091,
GFD092
Measured
Resources Growth
at Greenfields
6-Aug-22

2022 FML holes not publicly available on WAMEX:
Hole ID Easting Northing
RL
(MGA 94 Zone 51)
Dip Azimuth
(MGA94)
EOH
(m)
Intersection
Greenfields RC grade control significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal
dilution
22GFRC001 328197 6576424 358 -60 19.0 14.0 Abandoned collar collapsing
22GFRC002 328187 6576386 355 -52.4 29.9 102 22GFRC002 - [email protected]/t from 10m for(GxM 1)
22GFRC002 - [email protected]/t from 20m for(GxM 4)
22GFRC002 - [email protected]/t from 36m for(GxM 1)
22GFRC002 - [email protected]/t from 42m for(GxM 4)
22GFRC002 - [email protected]/t from 71m for(GxM 15)

Market Announcement | Page 29 of 96

Criteria Explanation

Hole ID Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
Dip Azimuth
(MGA94)
EOH
(m)
Intersection
Greenfields RC grade control significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal
dilution
22GFRC014 328026 6576450 350 -59.4 18.6 114 22GFRC014 - [email protected]/t from 0m for(GxM 2)
22GFRC014 - [email protected]/t from 5m for(GxM 7)
22GFRC014 - [email protected]/t from 31m for(GxM 1)
22GFRC014 - [email protected]/t from 39m for(GxM 1)
22GFRC014 - [email protected]/t from 58m for(GxM 26)
22GFRC014 - [email protected]/t from 74m for(GxM 21)
22GFRC014 - [email protected]/t from 91m for(GxM 1)
22GFRC014 - [email protected]/t from 96m for(GxM 14)
22GFRC015 328115 6576409 350 -60.1 19.6 114 22GFRC015 - [email protected]/t from 6m for(GxM 9)
22GFRC015 - [email protected]/t from 55m for(GxM 3)
22GFRC015 - [email protected]/t from 61m for(GxM 4)
22GFRC015 - [email protected]/t from 67m for(GxM 15)
22GFRC015 - [email protected]/t from 87m for(GxM 28)
22GFRC016 328176 6576390 355 -51.5 19.1 102 22GFRC016 - [email protected]/t from 21m for(GxM 13)
22GFRC016 - [email protected]/t from 38m for(GxM 147)
22GFRC016 - [email protected]/t from 59m for(GxM 6)
22GFRC016 - [email protected]/t from 70m for(GxM 63)
22GFRC016 - [email protected]/t from 87m for(GxM 13)
22GFRC017 328172 6576389 355 -60.4 18.3 120 22GFRC017 - [email protected]/t from 11m for(GxM 1)
22GFRC017 - [email protected]/t from 23m for(GxM 2)
22GFRC017 - [email protected]/t from 47m for(GxM 2)
22GFRC017 - [email protected]/t from 62m for(GxM 2)
22GFRC017 - [email protected]/t from 68m for(GxM 30)
22GFRC017 - [email protected]/t from 94m for(GxM 1)
22GFRC017 - [email protected]/t from 99m for(GxM 14)
22GFRC018 328188 6576418 358 -60.3 13.9 78 22GFRC018 - [email protected]/t from 7m for(GxM 1)
22GFRC018 - [email protected]/t from 17m for(GxM 9)
22GFRC018 - [email protected]/t from 28m for(GxM 1)
22GFRC018 - [email protected]/t from 38m for(GxM 46)
22GFRC019 328034 6576452 350 -50.5 28.7 102 22GFRC019 - [email protected]/t from 2m for(GxM 1)
22GFRC019 - [email protected]/t from 20m for(GxM 1)
22GFRC019 - [email protected]/t from 27m for(GxM 4)
22GFRC019 - [email protected]/t from 40m for(GxM 1)
22GFRC019 - [email protected]/t from 54m for(GxM 41)
22GFRC020 328057 6576433 349 -63.7 18.1 120 22GFRC020 - [email protected]/t from 36m for(GxM 57)
22GFRC020 - [email protected]/t from 58m for(GxM 1)
22GFRC020 - [email protected]/t from 68m for(GxM 50)
22GFRC020 - [email protected]/t from 107m for(GxM 8)
22GFRC021 328062 6576429 349 -52.0 12.0 12 22GFRC021 - [email protected]/t from 5m for(GxM 3)
22GFRC022 328064 6576429 349 -51.0 28.5 114 22GFRC022 - [email protected]/t from 4m for(GxM 75)
22GFRC022 - [email protected]/t from 13m for(GxM 4)
22GFRC022 - [email protected]/t from 55m for(GxM 2)
22GFRC022 - [email protected]/t from 62m for(GxM 1)
22GFRC022 - [email protected]/t from 75m for(GxM 55)
22GFRC023 328069 6576415 350 -51.0 323.1 120 22GFRC023 - [email protected]/t from 80m for(GxM 2)
22GFRC023 - [email protected]/t from 97m for(GxM 1)
22GFRC023 - [email protected]/t from 105m for(GxM 2)
22GFRC023 - [email protected]/t from 110m for(GxM 1)
22GFRC023 - [email protected]/t from 119m for(GxM 1)
22GFRC024 328097 6576409 350 -51.4 320.4 120 22GFRC024 - [email protected]/t from 3m for(GxM 1)
22GFRC024 - [email protected]/t from 21m for(GxM 1)
22GFRC024 - [email protected]/t from 27m for(GxM 2)
22GFRC024 - [email protected]/t from 53m for(GxM 4)
22GFRC024 - [email protected]/t from 62m for(GxM 3)
22GFRC024 - [email protected]/t from 81m for(GxM 2)
22GFRC024 - [email protected]/t from 94m for(GxM 1)
22GFRC024 - [email protected]/t from 101m for(GxM 4)
22GFRC024 - [email protected]/t from 115m for(GxM 4)
22GFRC025 328114 6576403 350 -53.3 322.7 150 22GFRC025 - [email protected]/t from 21m for(GxM 3)
22GFRC025 - [email protected]/t from 37m for(GxM 1)
22GFRC025 - [email protected]/t from 48m for(GxM 1)
22GFRC025 - [email protected]/t from 56m for(GxM 1)
22GFRC025 - [email protected]/t from 78m for(GxM 4)
22GFRC025 - [email protected]/t from 98m for(GxM 1)
22GFRC025 - [email protected]/t from 100m for(GxM 1)
22GFRC025 - [email protected]/t from 109m for(GxM 10)
22GFRC025 - [email protected]/t from 123m for(GxM 3)
22GFRC025 - [email protected]/t from 137m for(GxM 2)
22GFRC025 - [email protected]/t from 143m for(GxM 5)
22GFRC026 328126 6576400 351 -58.4 30.2 120 22GFRC026 - [email protected]/t from 10m for(GxM 2)
22GFRC026 - [email protected]/t from 27m for(GxM 1)
22GFRC026 - [email protected]/t from 32m for(GxM 1)
22GFRC026 - [email protected]/t from 44m for(GxM 1)
22GFRC026 - [email protected]/t from 51m for(GxM 18)
22GFRC026 - [email protected]/t from 83m for(GxM 14)
22GFRC026 - [email protected]/t from 111m for(GxM 3)
22GFRC026 - [email protected]/t from 118m for(GxM 1)

Market Announcement | Page 31 of 96

Hole ID Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
Dip Azimuth
(MGA94)
EOH
(m)
Intersection
Greenfields RC grade control significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal
dilution
22GFRC027 328164 6576375 355 -52.7 323.4 156 22GFRC027 - [email protected]/t from 10m for(GxM 1)
22GFRC027 - [email protected]/t from 22m for(GxM 1)
22GFRC027 - [email protected]/t from 43m for(GxM 1)
22GFRC027 - [email protected]/t from 98m for(GxM 5)
22GFRC027 - [email protected]/t from 117m for(GxM 1)
22GFRC027 - [email protected]/t from 144m for(GxM 27)
22GFRC028 328145 6576384 354 -51.3 325.0 156 22GFRC028 - [email protected]/t from 18m for(GxM 4)
22GFRC028 - [email protected]/t from 39m for(GxM 1)
22GFRC028 - [email protected]/t from 42m for(GxM 1)
22GFRC028 - [email protected]/t from 71m for(GxM 3)
22GFRC028 - [email protected]/t from 131m for(GxM 59)
22GFRC029 328186 6576368 356 -52.3 323.6 156 22GFRC029 - [email protected]/t from 16m for(GxM 1)
22GFRC029 - [email protected]/t from 46m for(GxM 1)
22GFRC029 - [email protected]/t from 53m for(GxM 1)
22GFRC029 - [email protected]/t from 77m for(GxM 1)
22GFRC029 - [email protected]/t from 82m for(GxM 1)
22GFRC029 - [email protected]/t from 91m for(GxM 1)
22GFRC029 - [email protected]/t from 109m for(GxM 1)
22GFRC029 - [email protected]/t from 129m for(GxM 1)
22GFRC029 - [email protected]/t from 142m for(GxM 10)
22GFRC030 328190 6576368 356 -57.1 327.5 156 22GFRC030 - [email protected]/t from 13m for(GxM 1)
22GFRC030 - [email protected]/t from 16m for(GxM 9)
22GFRC030 - [email protected]/t from 51m for(GxM 1)
22GFRC030 - [email protected]/t from 59m for(GxM 1)
22GFRC030 - [email protected]/t from 74m for(GxM 1)
22GFRC030 - [email protected]/t from 80m for(GxM 1)
22GFRC030 - [email protected]/t from 87m for(GxM 1)
22GFRC030 - [email protected]/t from 105m for(GxM 1)
22GFRC030 - [email protected]/t from 114m for(GxM 1)
22GFRC030 - [email protected]/t from 128m for(GxM 1)
22GFRC030 - [email protected]/t from 132m for(GxM 1)
22GFRC030 - [email protected]/t from 136m for(GxM 1)
22GFRC030 - [email protected]/t from 148m for(GxM 7)
22GFRC031 328192 6576367 356 -59.6 339.5 133 22GFRC031 - [email protected]/t from 14m for(GxM 2)
22GFRC031 - [email protected]/t from 33m for(GxM 3)
22GFRC031 - [email protected]/t from 44m for(GxM 1)
22GFRC031 - [email protected]/t from 63m for(GxM 1)
22GFRC031 - [email protected]/t from 82m for(GxM 1)
22GFRC031 - [email protected]/t from 93m for(GxM 1)
22GFRC031 - [email protected]/t from 97m for(GxM 5)
22GFRC031 - [email protected]/t from 118m for(GxM 2)
22GFRC031 - [email protected]/t from 126m for(GxM 3)
22GFRC032 328020 6576466 350 -83.0 28.3 150 22GFRC032 - [email protected]/t from 3m for(GxM 2)
22GFRC032 - [email protected]/t from 31m for(GxM 1)
22GFRC032 - [email protected]/t from 49m for(GxM 3)
22GFRC032 - [email protected]/t from 65m for(GxM 1)
22GFRC032 - [email protected]/t from 68m for(GxM 1)
22GFRC032 - [email protected]/t from 82m for(GxM 2)
22GFRC032 - [email protected]/t from 89m for(GxM 1)
22GFRC032 - [email protected]/t from 99m for(GxM 1)
22GFRC032 - [email protected]/t from 108m for(GxM 1)
22GFRC032 - [email protected]/t from 123m for(GxM 8)
22GFRC032 - [email protected]/t from 133m for(GxM 4)
22GFRC033 328027 6576454 350 -60.6 0.3 92 22GFRC033 - [email protected]/t from 4m for(GxM 1)
22GFRC033 - [email protected]/t from 21m for(GxM 2)
22GFRC033 - [email protected]/t from 38m for(GxM 4)
22GFRC033 - [email protected]/t from 61m for(GxM 2)
22GFRC033 - [email protected]/t from 68m for(GxM 21)
22GFRC033 - [email protected]/t from 87m for(GxM 1)
22GFRC034 328034 6576446 350 -67.4 22.8 132 22GFRC034 - [email protected]/t from 60m for(GxM 2)
22GFRC034 - [email protected]/t from 68m for(GxM 4)
22GFRC034 - [email protected]/t from 87m for(GxM 1)
22GFRC034 - [email protected]/t from 93m for(GxM 9)
22GFRC034 - [email protected]/t from 112m for(GxM 16)
22GFRC035 328056 6576439 349 -59.2 23.6 114 22GFRC035 - [email protected]/t from 44m for(GxM 3)
22GFRC035 - [email protected]/t from 65m for(GxM 113)
22GFRC036 328071 6576425 350 -65.5 21.4 138 22GFRC036 - [email protected]/t from 13m for(GxM 1)
22GFRC036 - [email protected]/t from 26m for(GxM 6)
22GFRC036 - [email protected]/t from 35m for(GxM 2)
22GFRC036 - [email protected]/t from 67m for(GxM 2)
22GFRC036 - [email protected]/t from 75m for(GxM 2)
22GFRC036 - [email protected]/t from 81m for(GxM 1)
22GFRC036 - [email protected]/t from 85m for(GxM 1)
22GFRC036 - [email protected]/t from 88m for(GxM 1)
22GFRC036 - [email protected]/t from 94m for(GxM 33)
22GFRC036 - [email protected]/t from 128m for(GxM 10)
Criteria Explanation

Hole ID
Easting Northing
RL Dip
Azimuth EOH
Intersection
(MGA94)
(m)
22GFRC037 - [email protected]/t from 9m for(GxM 1)
22GFRC037 - [email protected]/t from 12m for(GxM 1)
22GFRC037 - [email protected]/t from 17m for(GxM 2)
22GFRC037 - [email protected]/t from 60m for(GxM 25)
22GFRC038 - [email protected]/t from 10m for(GxM 1)
22GFRC038 - [email protected]/t from 19m for(GxM 5)
22GFRC038 - [email protected]/t from 80m for(GxM 1)
22GFRC038 - [email protected]/t from 109m for(GxM 1)
22GFRC038 - [email protected]/t from 114m for(GxM 7)
22GFRC038 - 6.00m @ 0.67g/t from 120m for (GxM 4)
22GFRC039 - [email protected]/t from 14m for(GxM 7)
22GFRC039 - [email protected]/t from 33m for(GxM 1)
22GFRC039 - [email protected]/t from 51m for(GxM 1)
22GFRC039 - [email protected]/t from 70m for(GxM 41)
22GFRC039 - [email protected]/t from 97m for(GxM 2)
22GFRC040 - [email protected]/t from 29m for(GxM 1)
22GFRC040 - [email protected]/t from 34m for(GxM 3)
22GFRC040 - [email protected]/t from 71m for(GxM 1)
22GFRC040 - [email protected]/t from 89m for(GxM 11)
22GFRC040 - 23.00m @ 1.22g/t from 113m for (GxM 28)
(MGA 94 Zone 51)
Greenfields RC grade control significant Intersections calculated at 0.5g/t Au cut off an up to 3m internal
dilution
126
24.2
-68.0
350
6576409
328105
22GFRC038
98
23.3
-60.7
350
6576415
328107
22GFRC037
148
19.0
-63.2
355
6576370
328178
22GFRC040
104
27.9
-64.2
355
6576385
328185
22GFRC039
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.
Diagrams Refer to Figures and Tables in body of the release.
Balanced reporting All drill assay results used in this estimation are published in previous news
releases.
Historic drill hole results available on WAMEX.
Other substantive
exploration data
There is no other material exploration data to report at this time.
Further work Preparations to resume open pit mining at Greenfields in June 2023 are
underway…..

Market Announcement | Page 33 of 96

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 Explanation
Database integrity 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
o Checks for character data in numeric fields.
The historical Greenfields drill data was validated by the Focus data
management team and the Project Geologist. This involved collaborating all
collar, downhole survey, geology and assay data with existing hardcopy material
as well as displaying the holes in three dimensions in Surpac to determine any
unusual or unlikely trends in the data so that it could be rectified before loading
into the Focus site database. This process was thorough and took a couple of
months for the team to complete.
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.
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
Minor changes were made to the geological interpretation from the August
2022 Mineral Resource release.

All available drill hole, mining data and pit mapping was used to guide the
geological interpretation of the mineralisation.

The mineralised geological interpretation was generated in Seequent
Leapfrog Geo implicit modelling software. An approximate 0.5ppm Au cut-off
was implemented.

The primary mineralisation is hosted in a set of 25 stacked lodes moderately
dipping ~ 30° towards 200°.

A secondary interpretation of seven stacked steep lodes that dip 50° towards
190° that terminate at the footwall contact of the dolerite-black flag volcanic unit
(dipping 75° towards 201°) in the northern part of the pit.

Minor deviation of the lode geometry was modelled between drill holes down
dip and along strike.
Dimensions
The Mineral Resource extends over a NW strike length of over 480m and
includes the ~150m interval from the base of the final mined surface down to the
150mRL, some 250m below surface. The thickness of the seven steeper lodes
vary from average thickness of 20m near surface pinching to an average
thickness of 3m at depth. The 25 flatter lying lodes vary from 1m to 8m wide
have an average thickness of 3m.
Estimation and modelling
techniques

An Ordinary Kriging (OK) estimate was run using Datamine software, following
the process below:

Drill hole samples were selected within the mineralised lodes and composited
to 1m downhole intervals, the dominant sample interval from historic drilling.
Residual samples that did not meet the minimum length criteria (less than
0.2m) of the compositing process were appended to the adjacent sample so
that all material within the wireframe was included.

Where the steeper lodes intersected the shallow dipping lodes near surface
10m soft boundaries were used. Meaning within the steep lodes the grade at
the intersection points of the flat is used in the estimate within a 10m radius.

The composited data was imported into Supervisor software for statistical and
geostatistical analysis.

After a review of the individual lode statistics, higher Au samples that were
outliers to the main population were “top-capped” to a selected value for each
lode. An average of 10ppm Au was used with a maximum of 22ppm Au.

Variography was modelled on data transformed to normal scores, the
variogram models were back transformed to original units before exporting.

Variography was performed on the individual lodes with larger sample
numbers ~ 150 samples. Lodes without variography shared the structure from
a nearby lode. Thirty variograms were modelled.

The back-transformed variogram models had moderate to high nugget effects
(20 to 60% of total sill), with a range from 20m to 200m for the lodes.

Estimation (via Ordinary Kriging) was into a non-rotated block model in
MGA94 grid, with a parent block size of 10 mE x 5 mN x 5 mRL – this is about
the average drill spacing in the deposit. Sub-blocking was used to best fill the
wireframes and inherit the grade of the parent block. No rotation was applied
to the orientation of the blocks.

Where the steeper lodes intersected the flat lodes a “10m soft boundary” was
applied to the samples within the steep lodes. Meaning data was shared
between the intersecting lodes up to a 10m radius. Outside this 10m search
distance only samples within the steep structure and not shared with a flat
structure were used in the estimation.

Given the high nugget effect and need to produce a localised estimate for
grade control planning, a distance limited search function was introduced on
all lodes. The distance limited search function restricts samples above a
certain grade from being used to estimate blocks beyond a set distance. In
the case of Greenfields, a 20m elliptical radius was set for all grades above
5ppm Au. Samples below 5ppm were “unrestricted” within the search
distances.

A minimum of 8 samples and a maximum of 16 samples per block were used
for the first search pass, a maximum number of samples per drillhole was set
to 4. Block discretisation was set to 5 x 5 x 5 points per parent block.

The ellipsoid search parameters used the variogram ranges. After the first
pass 81% of blocks had estimated. For un-estimated blocks after this first
pass, the search distance was expanded by a factor of two and the minimum
number of samples dropped to 4. In the second pass 18% of blocks
estimated. A third pass was then run with an increased search distance by a
factor of four and the same minimum number of samples. Only 1% of blocks
estimated in the third search pass.

The estimate was validated by visually stepping through the estimated blocks
and sample data in Datamine. Comparing the estimated block statistics with
composited sample data and generate trend (Swath) plots to ensure the
estimate was honouring the trends of the data. Also, a review of the output

Market Announcement | Page 35 of 96

parameters from the estimation process like kriging variance, negative
weights, search distances and sample numbers.
Moisture
Tonnages are estimated on a dry basis.
Cut-off parameters
The Resources for Greenfields have been reported above a 0.6g/t cut-off for the
V23 open pit design.
Mining factors or
assumptions

An existing open pit exists at Greenfields, mining would continue by cut-back
and open cut extraction.

The V23 Greenfields open pit design is considered the ultimate open pit design
for Greenfields and represents the maximum amount of open pit extraction
possible within the area available for open pit mining.
Metallurgical factors or
assumptions

Metallurgical testwork has been conducted on Greenfields samples:

Historical recoveries in a variety of tests (N=13) average more than 95%gold
recovery.

Recent testwork to simulate processing at TMH on composite representative
samples (n=2) from Greenfields delivered very high gravity gold recovery
averaging 70.5% and overall average gold recovery exceeding 93.5%

MPI who mined Greenfields from Dec 2003 to Jan 2005 had an overall
reconciliation of ~96.9% of tonnes, 100.7% of grade and 101% of ounces milled
compared to mined.
Environmental factors or
assumptions

Greenfields deposit occurs in an area of previous disturbance with an open cut
pit and associated waste dump.

The Three Mile Hill Processing Plant is currently undergoing a refurbishment in
preparation for the re-commencement of mining activities by FML in June 2023.
Bulk density
Bulk density test work was carried out on diamond core samples using a water
immersion method for these determinations.

Average bulk densities were applied to modelled weathering profiles.

Bulk densities of 2.07, 2.43 and 2.87 t/m³ were applied to Oxide, Transitional
and Fresh resources, respectively.
Classification Mineral Resources have been classified as either Measured or Indicated based
mainly on geological confidence in the geometry and continuity of the lodes. 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.
Measured resources have been reported inside the V23 2022 open pit design.

Indicated resources have been reported outside the V23 2022 open pit design
using the 0.6g/t Au open pit cut off and above 230mRL.
Audits or reviews
No external audits of the mineral resource have been conducted.
Discussion of relative
accuracy/ confidence
The Mineral Resource relates to global tonnage and grade estimates.

JORC Code, 2012 Edition – Table 1 Big Blow and Big Blow Low Grade Stockpile

Section 1 Sampling Techniques and Data

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

Criteria Commentary
Sampling
techniques

This report relates to results from Reverse Circulation (RC) drilling and diamond
core (DD) drilling.

The information of sampling techniques below applies to the drill holes drilled by
Focus Minerals (FML) only.

RC percussion drill chips were collected through a cyclone and cone splitter.
Samples were collected on a 1m basis. Diamond core was sampled across
identified zones of mineralisation by site geologists, the sample widths varied
between a minimum of 0.3m and a maximum of 1m.

RC chips were passed through a cone splitter to achieve a sample weight of
approximately 3kg.

4m composite samples were taken by spear sampling the green spoils bag.
Where results returned greater than 0.2g/t Au, the 1m samples were submitted.

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.

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. The core was cut in half using an
Almonte automatic core saw.

Goldfan collected 2kg samples as either 4m composites or as 1m samples
through mineralised ground or interesting geology. Samples were run through a
cyclone. Where the 4m composite samples returned greater than 0.2g/t Au, 1m
samples were submitted.

MPI collected drill cuttings at one metre intervals which were passed through a
trailer mounted cyclone and stand-alone riffle splitter to provide a 4-6kg split
sample and a bulk residue for logging. All samples were dry. Initially samples
were spear-sampled to form up to 5m composites and submitted for analysis. Any
results above 0.5g/t Au resulted in the 1m samples then being submitted. Two
Diamond core tails were drilled off RC pre-collars, after the core was orientated
and logged, alteration zones were cut in half, with half core submitted for analysis
up to 1.5m in length.

Holes drilled as part of the Redemption Joint Venture (RJV) between Matador
Exploration Pty Ltd and Focus followed similar standard to Focus drilling and
sampling techniques. Composite RC samples were submitted for analysis with
1m samples submitted in areas of known mineralisation.
Drilling techniques All FML drilling was completed using an RC face sampling hammer or HQ size
diamond core. Where achievable, all drill core was oriented by the drilling
contractor using an Ezy-mark system. Most holes were surveyed upon completion
of drilling initially using an electronic multi-shot (EMS) camera.
Goldfan used RC face sampling hammer, holes were downhole surveyed by
Eastman single shot camera and later by Eastman multiple shot camera.
MPI used RC drilling methods or NQ2 diamond core size and downhole surveys
by Eastman single shot camera.

Market Announcement | Page 37 of 96

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.
Goldfan states a consistent sample recovery in the range of 80-90%
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,
colour, alteration, mineralisation, 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 using a standardised
photography jig.
The entire length of all holes are 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.
MPI logged diamond core to lithological boundaries, core was photographed.
Sub-sampling
techniques and
sample preparation
The information of sub-sampling and sample preparation below applies to the drill
holes drilled by FML only.
Core samples were taken from 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.
RC samples were cone split to a nominal 3 - 5kg sample weight. The drilling
method was designed to maximise sample recovery and delivery of a clean,
representative sample into the calico bag.
Where possible all RC samples were drilled dry to maximise recovery. The use of
a booster and auxiliary compressor provide dry sample for depths below the water
table. 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 initially by 40g
aqua regia for the composite samples then 30g 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.
Earlier FML QAQC checks involved inserting a standard or blank every 20
samples in RC or diamond drilling and taking a field duplicate every 20 samples in
RC. Field duplicates were collected from the cone splitter on the rig. Diamond core
field duplicates were not taken, a minimum of 1 standard was inserted for every
sample batch submitted.
Sampling was carried out by the supervising geologist and senior field staff, to
ensure all procedures were followed and best industry practice carried out.
The sample sizes are considered to be appropriate for the type, style and
consistency of mineralisation encountered during thisphase 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
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.
Diamond core and 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.
MPI submitted their samples to Analabs in Perth or to Aminya Laboratories in
Perth for analysis for gold by 50g fire assay for a 0.01g/t detection limit. Some
samples were submitted to Analabs Perth for screen fire assay.
Laboratory repeat checks were also run, it appears minimum 3 analysis checks
run for most of the drill holes.
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
FML drill collars were surveyed after completion, using a DGPS instrument. All drill
core was oriented by the drilling contractor using an Ezy-mark system. Most holes
were surveyed upon completion of drilling. An electronic multi-shot camera was
used, holes were surveyed open hole.
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.
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.
MPI collar survey methods are unknown, down hole surveys were by Eastman
single shot camera.
Data spacing and
distribution
Drill spacing along the Big Blow trend is 10m x 10m Happy Jack trend quite narrow
with drilling spacing approximately 10m x 20m along strike.
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.

Market Announcement | Page 39 of 96

Drill holes were oriented at right angles to strike of deposit, with dip optimised for
drill capabilities and the dip of the ore body.
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 No external audits of the mineral resource have been conducted.

Section 2 Reporting of Exploration Results

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

Criteria Commentary Commentary Commentary Commentary
Mineral tenement
and land tenure
status
All exploration was conducted on tenements 100% owned by Focus Minerals
Limited or its subsidiary companies Focus Operations Pty Ltd. All tenements are in
good standing.
There are currently no registered Native Title claims over the project areas.
Exploration done by
other parties

Big Blow was historically mined up until the 1930’s by underground shafts and
minor stoping.

Various companies have explored for gold at Big Blow and Happy Jack.

In October 2011 Focus commenced open pit mining at Big Blow from the natural
surface (430mRL). Mining ceased in July 2013 when the Coolgardie Operation
was placed in care and maintenance, with the main pit excavated 50m below
surface to the 380mRL and a small southern pit mined 32.5m below surface to the
397.5mRL. Mining by Focus produced 163Kt @1.29 g/t Au for 6,804 contained
ounces.
Geology
The deposits lie on the western margin of the Archaean Norseman – Menzies
Greenstone Belt and sit within a sequence of mafic rocks striking 20° that has
been overprinted by the Big Blow Fault and cores the Big Blow Anticline. Field
Mapping at Big Blow by a consultant geologist identified the mineralisation is
hosted in a breccia and silicified zone within a discontinuous interflow sedimentary
horizon. To the east is a basalt with large feldspar phenocrysts and to the west, a
high-Mg basalt, followed by different basalt units, another continuous interflow
sediment unit and finally another basalt.
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
Goldfan
TNG0416R, TNG0417R, TNG0418R,
TNG0419R, TNG0420R, TNG0421R,
TNG0422R, TNG0423R, TNG0424R,
TNG0425R, TNG0426R, TNG0427R,
TNG0428R,TNG0429R
44166
Mar-95
TNG0446R, TNG1048R, TNG0449R,
TNG0450R
47168
31-Mar-
96
TNG1516R, TNG1517R, TNG1518R,
TNG1519R, TNG1520R, TNG1521R
55321
1-Jun-98
MPI
BB015R, BB016R, BB017R, BB018R,
BB019R, BB020R, BB005R, BB006R,
BB007R, BB008R, BB009R, BB010R,
BB011R,BB012R,BB013R,TNG1747R,
66091
Feb-03
Company **Drill Hole Number ** WAMEX
Report
A-
**Number **
WAMEX
Report
Date
Goldfan TNG0416R, TNG0417R, TNG0418R,
TNG0419R, TNG0420R, TNG0421R,
TNG0422R, TNG0423R, TNG0424R,
TNG0425R, TNG0426R, TNG0427R,
TNG0428R,TNG0429R
44166 Mar-95
TNG0446R, TNG1048R, TNG0449R,
TNG0450R
47168 31-Mar-
96
TNG1516R, TNG1517R, TNG1518R,
TNG1519R, TNG1520R, TNG1521R
55321 1-Jun-98
MPI BB015R, BB016R, BB017R, BB018R,
BB019R, BB020R, BB005R, BB006R,
BB007R, BB008R, BB009R, BB010R,
BB011R,BB012R,BB013R,TNG1747R,
66091 Feb-03
TNG1748R, TNG1749R, TNG1750R,
BB014RD
BB021R, BB023R, BB024R, BB025R,
BB026R, BB027R, BB028R, BB029R,
BB030R, BB031R, BB032R, BB033R,
BB034R, BB035R, BB036R, BB037R,
BB038R, BB039R, BB040R, BB041R,
BB042R, BB043R, BB044R, BB045R,
BB046R, BB047R, BB048R, BB049R,
BB022RD
68648 May-04
BB050R, BB051R, BB052R, BB053R,
BB054R, BB055R, BB056R, BB058R,
BB059R, BB060R, BB061R, BB062R,
BB063R,BB064R
70515 Jan-05
Redemptio
n JV
05BBC001, 05BBC003, 05BBC004,
05HJC001, 05HJC002
72821 1-Dec-05
06HJC004, 06BBD001, 06BBD002,
06BBD003
74513 28-Feb-
07
Focus TNDD0001, TNDD0002, TNDC0066,
TNDC0067, TNDC0069, TNDC0070,
TNDC0072, TNDC0074, TNDC0161,
TNDC0162, TNDCD0068, TNDCD0128,
TNDD0001, TNDD0002
85889 23-Feb-
10
TNDC0193, TNDC0202, TNDC0303,
TNDC0304, TNDC0305, TNDC0307,
TNDC0307A, TNDC0308, TNDC0310,
TNDC0311, TNDC0312, TNDC0313,
TNDC0314, TNDC0315, TNDC0316,
TNDC0317, TNDC0318, TNDC0320,
TNDC0322, TNDC0323, TNDC0325,
TNDC0326, TNDC0328, TNDC0329,
TNDC0331, TNDC0333, TNDC0341,
TNDC0342, TNDC0343, TNDC0344,
TNDCD0127, TNDCD0129, TNDCD0130A,
TNDCD0131, TNDCD0132, TNDCD0133,
TNDCD0134, TNDCD0135A
89322 23-Feb-
11
BGC128, BGC129, BGC130, BGC131,
BGC132, BGC133, BGC134, BGC135,
BGC136, BGC137, BGC138, BGC139,
BGC140, BGC141, BGC143, BGC144,
BGC146, BGC147, BGC148, BGC151,
BGC164, BGC165, BGC176, BGC177,
HJC004, HJC005, HJC006, HJC007,
HJC012, HJC013, HJC014, HJC015,
HJC021, HJC022, HJC024, HJC027,
HJC028, HJC032, HJC033, HJC037,
HJC038, HJC039, HJC040, HJC041,
HJC043, HJC044, HJC046, HJC047,
HJC048, HJC052, HJC053, HJC054,
HJC055, HJC056, HJC057, HJC058,
HJC059, HJC060, HJC061, HJC062,
HJC063, HJC064, HJC070, HJC071,
HJC072, HJC073, HJC074, HJC075,
HJC088, HJC089, HJC090, HJC093,
HJC094, HJC095, HJC096, HJC101,
HJC102, HJC103, HJC108, HJC109,
HJC113, HJC114, HJC115, HJC116,
HJC117, HJC128, HJC129, HJC130,
TNDC0330, TNDC0332, TNDC0335,
TNDC0336, TNDC0338, TNDC0399,
TNDC0400, TNDC0401A, TNDC0402,
TNDC0407, TNDC0429, TNDC0431,
TNDC0433, TNDC0434, TNDC0435,
TNDC0436,TNDC0437,TNDC0438,
92766 9-Feb-12

Market Announcement | Page 41 of 96

TNDC0439, TNDC0440, TNDC0441,
BGC166, BGC167, BGC169, BGC170,
BGC172, BGC174, BGC175
TNDC0439, TNDC0440, TNDC0441,
BGC166, BGC167, BGC169, BGC170,
BGC172, BGC174, BGC175
TNDC0439, TNDC0440, TNDC0441,
BGC166, BGC167, BGC169, BGC170,
BGC172, BGC174, BGC175
TNDC0439, TNDC0440, TNDC0441,
BGC166, BGC167, BGC169, BGC170,
BGC172, BGC174, BGC175
BGC179, BGC180, BGC186, BGC187,
BGC188, BGC193, BGC194, BGC198,
BGC199, BGC200, BGC201, BGC202,
BGC204, BGC205, BGC206, BGC207,
BGC208, BGC210, BGC211, BGC212,
BGC214, BGC215, BGC217, BGC218,
BGC220, BGC221, BGC222, BGC223,
BGC224, BGC228, BGC229, BGC230,
BGC235, BGC238, BGC242, BGC243,
BGC244, BGC245, BGC246, BGC247,
BGC248, BGC249, BGC250, BGC251,
BGC252, BGC253, BGC254, BGC255,
BGC256, BGC257, BGC258, BGC259,
BGC260, BGC261, BGC262, BGC263,
BGC264, BGC265, BGC266, BGC267,
BGC268, BGC269, BGC270, BGC271,
BGC272, BGC273, BGC274, BGC275,
BGC276, BGC277, BGC278, BGC279,
BGC280, BGC281, BGC282, BGC283,
BGC284, BGC285, BGC286, BGC287,
BGC288, BGC289, BGC290, BGC291,
BGC292, BGC293, HJC118, HJC119,
HJC120, HJC121, HJC122, HJC123,
HJC124,HJC125,HJC126,HJC127
96924 27-Feb-
13

The details of 131 Focus drilled RC holes not previously
below:
HOLEID EAST NORTH RL DEPTH AZIMUTH DIP
BGC006 325569.73 6572013.1 422.13 48 271.05 -60.5
BGC007 325559.77 6572012.3 422.36 48 260.05 -60
BGC008 325550.31 6572010.3 422.68 48 264.05 -60
BGC011 325569.7 6571999.8 422.05 48 270.05 -61
BGC012 325557.2 6572000 422.6 48 270.05 -61
BGC013 325548.13 6571999.9 423.1 42 274.05 -63
BGC016 325564.79 6571989.8 422.08 48 280.05 -60
BGC017 325554.12 6571990.7 422.69 48 270.05 -60
BGC018 325542.69 6571990.3 423.24 36 275.05 -60
BGC019 325534.98 6571990 423.96 30 272.05 -60
BGC021 325594.61 6571979.9 421.61 48 279.05 -60
BGC023 325534.22 6571980.2 423.78 24 278.05 -45
BGC025 325564.64 6571970.1 422.46 48 270.05 -59
BGC026 325555.3 6571970.1 422.72 48 261.05 -60
BGC027 325544.9 6571969.8 422.94 48 266.05 -60
BGC028 325533.84 6571970.1 423.28 36 270.05 -52
BGC029 325544.38 6571959.3 423.38 48 262.05 -61
BGC030 325534.8 6571960.1 423.39 30 265.05 -56
BGC031 325529.97 6571960.2 423.65 18 270.05 -50
BGC032 325559.81 6571949.9 423.89 48 270.05 -60
BGC033 325549.62 6571949.9 424.01 48 261.05 -58
BGC034 325539.31 6571949.9 423.89 48 265.05 -58
BGC035 325524.8 6571952.7 424.06 24 277.05 -55
BGC036 325544.7 6571940.1 424.84 48 263.05 -60
BGC037 325533.94 6571940.1 424.63 42 270.05 -60
BGC039 325549.5 6571929.6 425.69 48 263.05 -54
BGC040 325539.41 6571930.2 425.99 46 270.05 -55
BGC041 325529.77 6571929.6 426.01 30 258.05 -50
BGC042 325524.13 6571929.7 425.78 24 255.04 -46
BGC043 325533.78 6571919.4 427.82 36 255.04 -50
BGC044 325530.97 6571920.1 427.62 36 275.05 -45
BGC045 325545.92 6571909.7 428.61 48 282.05 -55
BGC046 325536.69 6571910.1 429.46 48 270.05 -60
BGC047 325525.95 6571910.2 428.77 30 274.05 -50
BGC048 325529.78 6571901 430.78 42 263.05 -41
BGC049 325535.34 6571890.3 432.86 48 270.05 -57
BGC050 325531.05 6571890.5 432.72 42 278.05 -48
BGC052 325528.8 6571880.4 433.63 42 281.05 -47
BGC053 325529.5 6571870 433.15 44 269.05 -54
BGC054 325519.4 6571871 432.56 18 286.05 -48
BGC055 325528.65 6571860.1 432.52 48 270.04 -60
BGC056 325519.8 6571860 432.25 48 325.05 -58
BGC056A 325519.42 6571860.1 432.23 48 264.44 -59.3
BGC057 325529 6571849 431.6 48 320.05 -60
BGC057A 325530 6571850 431 48 270.04 -60
BGC058 325513 6571850 431.83 26 320.05 -58
BGC058A 325513 6571850 432 48 270.04 -60
BGC059 325520.3 6571842 431.39 48 320.05 -59
BGC059A 325519.96 6571842.1 431.39 37 270.04 -60
BGC060 325509.6 6571839 431.78 48 270.05 -60
BGC061 325519.8 6571830 430.84 48 271.04 -60
BGC062 325509.4 6571830 431.6 42 270.04 -61
BGC063 325499.08 6571831.1 432.52 48 270.04 -60
BGC067 325519.26 6571820.3 430.59 48 270.04 -60
BGC068 325510.63 6571820.4 431.55 48 270.04 -60
BGC069 325501.25 6571819.6 432.69 48 269.04 -57

Market Announcement | Page 43 of 96

BGC072 325519.67 6571810.7 430.45 48 275.04 -60
BGC073 325510.43 6571810.4 431.56 48 272.04 -63
BGC074 325500.57 6571811.3 432.58 48 270.04 -60
BGC075 325489.97 6571809.9 433.71 48 270.04 -60
BGC078 325510.36 6571799.7 431.14 48 270.04 -60
BGC079 325499.78 6571800 432.32 48 256.04 -64
BGC081 325510.08 6571789.5 430.52 48 257.04 -60
BGC082 325500.37 6571790.7 432.52 48 266.04 -60
BGC084 325505.5 6571779.7 430.29 48 270.04 -60
BGC085 325495 6571780 431.97 48 283.04 -56
BGC089 325510.36 6571769.7 428.77 48 275.04 -58
BGC090 325501.1 6571770 430.02 36 268.04 -57
BGC091 325489.61 6571769.8 431.76 48 270.04 -60
BGC095 325510.28 6571760 427.75 48 266.04 -57
BGC096 325510.35 6571750.3 426.71 48 271.04 -62
BGC097 325500.43 6571749.4 427.59 48 282.34 -60.4
BGC098 325509.42 6571739.8 425.8 48 270.04 -60
BGC099 325500.61 6571741.1 426.49 48 301.04 -66
BGC100 325510.1 6571729.8 425.08 48 281.04 -59
BGC101 325500.03 6571730 425.61 48 270.04 -60
BGC102 325509.52 6571718.7 424.32 48 267.04 -57
BGC103 325499.88 6571719.8 425.04 36 235.04 -58
BGC103A 325500.06 6571718.1 424.92 48 276.04 -59
BGC104 325509.44 6571709.9 424.09 48 273.04 -58
BGC105 325499.62 6571710.2 424.62 48 273.04 -61
BGC106 325489.8 6571710.1 425.11 48 275.04 -59
BGC116 325513.57 6571932.1 424.86 30 270.04 -45
BGC119 325501.14 6571901.2 427.51 48 88.74 -44.6
BGC120 325492.09 6571891.7 428.09 48 90.04 -45
BGC121 325498.74 6571881.4 429.3 48 90.04 -50
BGC122 325509.08 6571869.1 432.24 24 270.04 -50
HJC001 325729.77 6572389.7 415.13 48 274.05 -61
HJC002 325739.67 6572390.1 414.82 48 274.05 -58
HJC003 325749.91 6572390 414.81 48 270.55 -59.5
HJC008 325729.67 6572350 415.68 48 276.05 -60
HJC009 325738.09 6572349.9 415.79 48 273.05 -61
HJC010 325749.6 6572350.1 415.73 48 266.05 -61
HJC011 325759.37 6572350.1 415.58 48 272.05 -60
HJC016 325720.23 6572310.1 416.78 48 270.05 -60
HJC017 325729.14 6572309.8 416.95 48 274.05 -60
HJC018 325740.48 6572311.1 416.73 48 272.05 -65
HJC019 325750.22 6572311.3 416.92 48 272.05 -61
HJC025 325740 6572270 418.86 48 270.05 -60
HJC026 325715.13 6572271.1 418.91 48 271.05 -62.5
HJC030 325733.77 6572229.9 420.65 48 269.05 -65
HJC031 325743 6572230 420.96 48 270.05 -60
HJC034 325719.97 6572183.4 421.09 48 267.35 -61.9
HJC035 325729.63 6572190.2 421.86 48 270.05 -60
HJC036 325739.45 6572190.2 422.51 48 270.05 -60
HJC045 325719.42 6572149.3 419.48 48 279.94 -62
HJC049 325689.26 6572109.7 418.4 48 270.05 -60
HJC050 325700.15 6572110.2 418.2 48 271.45 -64.5
HJC065 325679.6 6572009.9 419.4 48 264.45 -59.1
HJC066 325689.82 6572010.1 419.32 48 264.45 -65.8
HJC067 325700.11 6572010.3 419.26 48 266.05 -64.8
HJC068 325710.53 6572009.9 419.39 48 270.25 -59.7
HJC069 325680.77 6571990 419.872 48 263.25 -60.5
HJC076 325701.9 6571950 420.97 48 264.05 -61
HJC077 325690.02 6571930 421.095 48 270.04 -60
HJC078 325699.5 6571929.8 421.255 48 270.04 -60
HJC079 325679.61 6571909.5 421.28 48 265.64 -59
HJC080 325690.04 6571910.1 421.2 48 266.85 -60.7
HJC082 325689.75 6571890.3 421.309 48 270.04 -60
HJC083 325699.89 6571890.1 421.27 48 270.04 -60
HJC084 325689.88 6571870 421.16 45 268.35 -61.3
HJC085 325699.93 6571869.9 421.1 48 270.44 -60.8
HJC086 325710.76 6571869.8 421.13 48 268.75 -60.6
HJC087 325689.52 6571849.6 420.971 48 270.04 -60
HJC091 325700.83 6571829.9 420.34 37 266.64 -59.8
HJC092 325710.27 6571830 420.36 48 272.35 -59.6
HJC097 325680.18 6571770.9 420.11 45 272.05 -59
HJC098 325690.65 6571770 419.86 48 269.35 -62
HJC099 325700.08 6571770.5 419.55 36 271.05 -60.8
HJC106 325680.15 6571710 419.33 48 267.44 -59.7

Market Announcement | Page 45 of 96

Hole ID Easting
Northing
RL
(MGA 94 Zone 51)
Easting
Northing
RL
(MGA 94 Zone 51)
Easting
Northing
RL
(MGA 94 Zone 51)
Dip Azimuth
(MGA94)
EOH
(m)
Intersection calculated using
0.5g/t cut off and up to 3m internal dilution
22BBRC001 325493 6572071 422 -44 137 160 22BBRC001 - [email protected]/t from 6m for(GxM 3)
22BBRC001 - [email protected]/t from 91m for(GxM 2)
22BBRC001 - [email protected]/t from 94m for(GxM 2)
22BBRC001 - [email protected]/t from 105m for(GxM 1)
22BBRC001 - [email protected]/t from 111m for(GxM 4)
22BBRC001 - [email protected]/t from 137m for(GxM 1)
22BBRC001 - [email protected]/t from 146m for(GxM 1)
22BBRC002 325660 6572055 419 -49 90 60 22BBRC002 - [email protected]/t from 16m for(GxM 29)
22BBRC002 - [email protected]/t from 53m for(GxM 3)
22BBRC003 325660 6571981 420 -50 91 60 22BBRC003 - [email protected]/t from 21m for(GxM 1)
22BBRC003 - [email protected]/t from 23m for(GxM 1)
22BBRC003 - [email protected]/t from 26m for(GxM 1)
22BBRC003 - [email protected]/t from 29m for(GxM 1)
22BBRC003 - [email protected]/t from 37m for(GxM 1)
22BBRC004 325750 6572438 414 -50 270 30 NSI
22BBRC005 325731 6572350 416 -50 270 24 22BBRC005 - [email protected]/t from 3m for(GxM 18)
22BBRC005 - [email protected]/t from 15m for(GxM 3)
22BBRC006 325737 6572194 423 -50 270 42 22BBRC006 - [email protected]/t from 31m for(GxM 9)
22BBRC007 325681 6572165 419 -50 89 60 22BBRC007 - [email protected]/t from 15m for(GxM 1)
22BBRC007 - [email protected]/t from 22m for(GxM 2)
22BBRC007 - [email protected]/t from 27m for(GxM 11)
22BBRC007 - [email protected]/t from 46m for(GxM 17)
22BBRC008 325724 6572140 419 -50 265 66 22BBRC008 - [email protected]/t from 27m for(GxM 1)
22BBRC008 - [email protected]/t from 39m for(GxM 1)
22BBRC008 - [email protected]/t from 44m for(GxM 2)
22BBRC009 325707 6572021 419 -50 265 60 22BBRC009 - [email protected]/t from 15m for(GxM 1)
22BBRC009 - [email protected]/t from 41m for(GxM 6)
22BBRC010 325704 6572063 418 -50 264 60 22BBRC010 - [email protected]/t from 15m for(GxM 1)
22BBRC010 - [email protected]/t from 19m for(GxM 1)
22BBRC010 - [email protected]/t from 23m for(GxM 47)
22BBRC010 - [email protected]/t from 48m for(GxM 4)
22BBRC011 325427 6571720 438 -90 0 14 22BBRC011 - [email protected]/t from 0m for(GxM 5)
22BBRC011 - [email protected]/t from 9m for(GxM 1)
22BBRC012 325427 6571730 438 -90 0 12 22BBRC012 - [email protected]/t from 1m for(GxM 33)
22BBRC013 325427 6571750 437 -90 0 8 22BBRC013 - [email protected]/t from 2m for(GxM 6)
22BBRC014 325427 6571760 437 -90 0 8 22BBRC014 - [email protected]/t from 0m for(GxM 2)
22BBRC015 325427 6571779 436 -90 0 8 NSI
22BBRC016 325416 6571720 438 -90 0 14 22BBRC016 - [email protected]/t from 2m for(GxM 3)
22BBRC016 - [email protected]/t from 9m for(GxM 1)
22BBRC017 325418 6571731 438 -90 0 12 22BBRC017 - [email protected]/t from 1m for(GxM 6)
22BBRC018 325419 6571740 438 -90 0 10 22BBRC018 - [email protected]/t from 0m for(GxM 5)
22BBRC019 325420 6571760 437 -90 0 8 22BBRC019 - [email protected]/t from 5m for(GxM 1)
22BBRC020 325421 6571770 436 -90 0 8 22BBRC020 - [email protected]/t from 1m for(GxM 4)
22BBRC021 325423 6571790 435 -90 0 6 22BBRC021 - [email protected]/t from 0m for(GxM 4)
22BBRC022 325427 6571800 434 -90 0 6 22BBRC022 - [email protected]/t from 3m for(GxM 1)
22BBRC023 325424 6571810 433 -90 0 6 22BBRC023 - [email protected]/t from 0m for(GxM 3)
22BBRC024 325427 6571820 432 -90 0 6 22BBRC024 - [email protected]/t from 0m for(GxM 1)
22BBRC025 325426 6571830 431 -90 0 6 22BBRC025 - [email protected]/t from 0m for(GxM 3)
22BBRC026 325427 6571840 430 -90 0 6 22BBRC026 - [email protected]/t from 0m for(GxM 1)
22BBRC027 325427 6571850 429 -90 0 6 22BBRC027 - [email protected]/t from 0m for(GxM 1)
22BBRC028 325429 6571860 429 -90 0 6 NSI
22BBRC029 325531 6571923 378 -50 242 24 22BBRC029 - [email protected]/t from 0m for(GxM 22)
22BBRC029 - [email protected]/t from 18m for(GxM 1)

==> picture [346 x 573] intentionally omitted <==

KtData aggregation Mineralised intersections are reported at a 0.5g/t Au cut-off with a minimum
methods reporting width of 1m for RC holes and 0.3m for diamond holes, composited to
1m.
Relationship Holes were drilled orthogonal to mineralisation as much as possible, however the
between exact relationship between intercept width and true width cannot be estimated
mineralisation exactly in all cases.

Market Announcement | Page 47 of 96

widths and
intercept lengths
Diagrams Refer to Figures and Tables in body of the release.
Balanced reporting Historic drill hole results available on WAMEX.
Other substantive
exploration data
There is no other material exploration data to report at this time.
Further work Complete Geotechnical, Hydrogeological and material classification assessments.
Follow up pit design, incorporation into mine schedule and economic assessment

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
o
Checks for character data in numeric fields

Data extracted from the database were validated visually in GEOVIA Surpac
software and ARANZ Geo 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.
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 mining data was used to guide the geological
interpretation of the mineralisation.

The mineralised geological interpretation was constructed in Seequent Leapfrog
Geo software.

Big Blow and Happy Jack are modelled as separate deposits but combined into
one block model due to the proximity to one another with Happy Jack sitting ~
150m to the East of Big Blow.

Big Blow consists of one continuous main lode with a smaller high-grade, internal
lode. A continuous footwall lode and two discontinuous hanging wall lodes that
have a flatter dip to the main and footwall lodes.

Happy Jack consists of four discontinuous thin stacked lodes steeply dipping to
the East.
Dimensions
The Big Blow deposit strikes NNE over an approximate 800m strike length. The
main lode and continuous footwall lode dip sub-vertically to the east and have
been modelled to approximately 280m below surface. The discrete high-grade
core within the main lode has been modelled over a 490m strike and is entire
enclosed within the main lode. Two smaller hanging wall lodes are flatter dipping
to the east. The average thickness of the main lode and it’s high-grade core varies
from 1m to up to 12m thick. The minor lodes average 3m thick.

Happy Jack deposit strikes NNE over approximately 900m strike length. The thin
discontinuous stacked lodes dip sub-vertically to the east and have been
interpreted approximately 200m below surface. The lodes have an average
thickness of 4m.
Estimation and
modelling
techniques

The drill hole samples were composited to 1m within each domain. This is the
dominant sampling interval.

All domain boundaries were considered “hard” boundaries and no drill hole
information was used by another domain in the estimation including the high-grade
core and surrounding lower grade main lode halo.

Composited assay values of each domain were exported to a text file (.csv) and
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.

For the main Big Blow and Happy Jack domain, a top-cut of 20g/t Au was
selected, with the high-grade core capped at 30g/t. The different smaller domains
had different top-cuts as required.

Variograms were modelled in Supervisor on the domains that had greater than
100 samples, which was all but one domain. The one domain without its own
variogram model shared the variogram of an adjacent lode. 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
high-grade core and surrounding main lode were modelled as one.

GEOVIA Surpac Software was used for the estimation and modelling process. The
model was created in GDA 94 grid co-ordinates. Block sizes for the model were
10m in Y, 5m in X and 5m in Z direction. Sub celling of the parent blocks was
permitted to 0.625m in the Y direction, 0.625m in the X direction and 0.625m in the
Z direction. Sub-blocking was used to best fill the wireframes and inherit the grade
of the parent block.

A rotation of 10° around the Y axis was applied to the orientation of the blocks to
best fit the NNE strike of the lodes.

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. Each domain was estimated separately using
only its own sample values.

Minimum (8) and maximum (18) 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.

Market Announcement | Page 49 of 96


Three search passes were run in order to fill the block model with estimated Au
values. The search distances were doubled between the first and second search
pass and doubled again between the second and third search pass.

A grade dependent search limit was applied, restricting gold values greater than
10ppm to be used in estimating blocks greater than 30m away from the sample
location. This technique helps minimise the “smearing” of high-grade values in
areas of less drill density.

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 northing, easting and
RL were generated for all domains in Supervisor software 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 Big Blow and Happy Jack have been reported above a 0.7g/t
cut-off for open pit above 270mRL, this is based on an inhouse pit optimisation.
Mining factors or
assumptions

Big Blow and Happy Jack would be mined by open-cut mining methods.
Metallurgical
factors or
assumptions

Big Blow has been previously mined by Focus with recoveries from milling
reconciliations around 97%
Environmental
factors or
assumptions

The Big Blow deposit has been previously excavated and nearby Happy Jack sit
within an area of previous ground disturbance including haul roads and waste
dumps.

There are no unforeseen environmental considerations that would prevent open
pit mining from re-commencing in the area.
Bulk density
Density values were assigned based on weathering profile using SG test work on
FML diamond core samples and historic figures used in the region. An average
density of 1.8 for oxidised t/m3, 2.4 t/m3 for transitional and 2.7 t/m3 for fresh rock
were applied to the model.
Classification
Resources have been classified as either Indicated or Inferred based mainly on
geological confidence in the geometry and continuity of the lodes. 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.

Above the 270mRL significant drilling exists mostly pattern drilled to 10m x 20m,
along with mining of resources from the pit over a number of years; therefore,
blocks that estimated in the first search pass were classified as Indicated.

Estimated blocks in the second search pass above the 270mRL were classified as
Inferred.

Remaining estimated blocks were assigned a ‘not classified’ code and are not
included in the reported mineral resource estimate.
Audits or reviews
No external audits of the mineral resource have 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.

JORC Code, 2012 Edition – Table 1 CNX Deposit

Section 1 Sampling Techniques and Data

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

Criteria Commentary
Sampling
techniques
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
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 down hole core orientation line to ensure the cut-line was
consistent over the hole. The core was cut in half using an automatic core saw,
with half-core samples 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.
The diamond core was orientated and 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. The core was cut in half using an
Almonte automatic core saw.
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.
Cord Holdings (Cord) collected 1m samples off the RC rig, split the samples by
unknown methods and submitted them for assay.
Information on the seven Diamond holes drilled by Northland Minerals Ltd is
limited and only referred to as an internal report on WAMEX. However, four of
these holes were targeted within the current CNX pit. Samples were taken as
predominantly 1m intervals, with 2m composites taken from surface to approx.
18m below surface. Samples were also taken to geological contacts.
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
electronic digital, accelerometer-based system.
At hole completion diamond holes were open hole surveyed using an EMS single
shot tool at a range of intervals between 20m and 50m, averaging 30m
2014 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

Market Announcement | Page 51 of 96

contractor using an Ezy-mark system. Most holes were surveyed upon completion
of drilling using an electronic multi-shot (EMS) camera open hole.
Goldfan used RC face sampling hammer. Holes were downhole surveyed by
Eastman single shot camera and later by Eastman multiple shot camera.
Cord RC holes were completed using RC roller and hammer.
Clackline drilled RC pre-collars followed by NQ diamond core tails. Holes were
downhole surveyed by Eastman single shot camera.
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 generally excellent recovery.
Goldfan states a consistent sample recovery in the range of 80-90%.
Cord, Clackline and Northland 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,
colour, alteration, mineralisation, 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 using a standardised
photography jig.
RC chip trays are wet and dry photographed on a hole-by-hole basis
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 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. Samples were submitted to ALS Kalgoorlie for analysis.
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.
2014 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 andpractices 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 standard or blank alternating every 20
samples in RC. Diamond core field duplicates were not taken, a minimum of 1
standard 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
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.
Cord submitted 1m samples to Kalgoorlie Assay Laboratory.
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 the drilling electronic accelerator
system. Most holes were surveyed upon completion of drilling.
All 2020 onwards FML RC holes were down hole surveyed using a north seeking
gyro.
All 2020 onwards FML diamond holes were single shot open hole surveyed using
a reflex system
All 2014 FML holes were surveyed using an EMS system.
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 bee acquired over the project
area toprovide additional topographic detail and spatial accuracy

Market Announcement | Page 53 of 96

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 along CNX is approximately 10m x 10m to 20m x 10m through the
main lode horizon, increasing to 40m x 20m at the far south-eastern extension of
the mineralisation as it nears the Highway. The average depth of the RC drilling is
80m, with a maximum depth of 149m and the average depth of the diamond
drilling was 100m with a maximum depth of 131.05m.
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
Geotechnical drilling. Based on this data 8 RC/DD holes were drilled with dips to
the NW in order to facilitate the best possible orientation of drilling to test the CNX
stockwork and convert significant parts of the resource to indicated status
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.

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
CNX 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 cover the majority of
the Coolgardie tenure. At this stage no Coolgardie claims have progressed to
determined status.
Exploration done by
other parties
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, Ground Magnetics, Aeromagnetics and soil sampling have
also been routinely carried out by otherparties since the mid 1980’s.
Herald Resources briefly mined CNX in the 1990’s 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 CNX OP are not available however the portion of the
new resource within the old pit can be calculated and reports at 0.7 g/t cut off as
319Kt @ 1.7g/t for 18Koz (Figures rounded). Further to the southeast 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.
Herald Resources briefly mined CNX in the 1990’s 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 CNX OP are not available however the portion of the
new resource within the old pit can be calculated and reports at 0.7 g/t cut off as
319Kt @ 1.7g/t for 18Koz (Figures rounded). Further to the southeast 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.
Herald Resources briefly mined CNX in the 1990’s 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 CNX OP are not available however the portion of the
new resource within the old pit can be calculated and reports at 0.7 g/t cut off as
319Kt @ 1.7g/t for 18Koz (Figures rounded). Further to the southeast 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.
Herald Resources briefly mined CNX in the 1990’s 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 CNX OP are not available however the portion of the
new resource within the old pit can be calculated and reports at 0.7 g/t cut off as
319Kt @ 1.7g/t for 18Koz (Figures rounded). Further to the southeast 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 CNX Main

The CNX deposit mineralisation is located within steeply southwest dipping and
northwest striking 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 vast majority 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 southwest.

Higher grade generally 5 to +30cm laminated quartz veins dip moderately to the
SE.

Together the two orientations of quartz vein stockworks have developed a bulk
style tabular ore body at CNX main within the G2 Gabbro. This mineralisation
extends under Great Eastern Highway and has been confirmed by drilling to be
contiguous with the Three Mile Hill OP 190m to the southeast.

The main part of the CNX deposit averages 35 to 45m width and
outcrops/subcrops over more than 700m strike

Infill and extensional drilling conducted since late 2020 has shown the
mineralisation at CNX main to be remarkably consistent and predictable with new
drill holes beneath the indicated parts of the resource confirming potential for
future resource expansion
CNX Gap zone/Princess Midas

Recent drilling north of CNX OP has confirmed the location of the G2 Gabbro
extending a further 190m to the NW before folding and extending an additional
400m to the west – southwest.

Stockworks have been intersected between the north end of CNX main and the
fold nose over 190m strike. However, the tenor and width of the mineralisation
declines in this area and it is now termed the “Gap zone”. It is also noted the Gap
zone is crosscut by several faults resulting in some block faulting of the
stratigraphy.

Several shallow workings and a single significantly larger shaft are located at the
north end of the Gap zone. These working have historically been called “Princess
Midas” the workings have targeted some of the Gap zone cross cutting faults and
also, the eastern margin of the fold hinge where the mine stratigraphy changes
orientation and extends west- southwest.
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
Company Drill Hole Number WAMEX
Report A-
Number
WAMEX
Report
Date

Market Announcement | Page 55 of 96

CLACKLINE TMH004R, TMH011R, TMH013R, TMH014R,
TMH016R, TMH018R, TMH019R, TMH021R,
TMH022R, TMH023R, TMH024R, TMH031R,
TMH032R, TMH033R, TMH034R, TMH035R,
TMH036R, TMH037R, TMH038R, TMH039R,
TMH040R,TMH041R,TMH042R
20750 Jan-86
ECN001RD,ECN002RD 20750 Jan-86
ECN003RD,ECN004RD 20344 1986
CORD-PAL RC1, RC10, RC11, RC12, RC13, RC14, RC15,
RC16, RC17, RC18, RC19, RC2, RC20, RC21,
RC22, RC23, RC24, RC3, RC4, RC5, RC6, RC7,
RC8
19363 Jun-86
GOLDFAN TMH001RD, TMH012RD, TMH072RD,
TMH098RD, TMH099RD, TMH102RD,
TMH015RD, TMH071RD, TMH353RD,
TMH354RD,TMH355RD
25383 Oct-88
TMH185R, TMH186R, TMH188R, TMH189R,
TMH190R, TMH191R, TMH192R, TMH193R,
TMH194R, TMH205R, TMH180R, TMH181R,
TMH196R, TMH197R, TMH198R, TMH199R,
TMH200R, TMH201R, TMH202R, TMH203R,
TMH204R, TMH206R, TMH207R, TMH209R,
TMH210R, TMH211R, TMH212R, TMH164RD,
TMH165RD, TMH166RD, TMH167RD,
TMH168RD, TMH169RD, TMH170RD,
TMH171RD, TMH172RD, TMH173RD,
TMH176RD, TMH177RD, TMH179RD,
TMH182RD, TMH183RD, TMH174RD,
TMH175RD,TMH178RD,TMH208RD
33456 Jun-91
TMH222R, TMH223R, TMH224R, TMH225R,
TMH226R, TMH227R, TMH228R, TMH229R,
TMH230R, TMH231R, TMH232R, TMH242R,
TMH243R, TMH244R, TMH245R, TMH246R,
TMH247R, TMH248R, TMH249R, TMH250R,
TMH251R
43021 Dec-94
TMH255R, TMH256R, TMH258R, TMH259R,
TMH260R, TMH261R, TMH262R, TMH263R,
TMH264R, TMH265R, TMH266R, TMH267R,
TMH268R, TMH269R, TMH270R, TMH271R,
TMH272R, TMH273R, TMH275R, TMH276R,
TMH279R, TMH280R, TMH282R, TMH283R,
TMH284R, TMH285R, TMH287R, TMH288R,
TMH289R, TMH290R, TMH291R, TMH292R,
TMH294R, TMH296R, TMH297R, TMH299R,
TMH300R, TMH301R, TMH302R, TMH303R,
TMH304R, TMH305R, TMH306R, TMH307R,
TMH308R, TMH309R, TMH310R, TMH311R,
TMH312R, TMH313R, TMH314R, TMH315R,
TMH316R, TMH317R, TMH321R, TMH322R,
TMH323R, TMH324R, TMH327R, TMH328R,
TMH329R, TMH330R, TMH331R, TMH333R,
TMH334R, TMH335R, TMH336R, TMH337R,
TMH338R,TMH339R,TMH340R,TMH341R
46486 Dec-95
TMH579R,TMH578RD 53195 Dec-97
GMC
/GOLDFAN
TMH338R, TMH339R, TMH340R, TMH341R,
TMH344RD, TMH345RD, TMH346RD,
TMH347RD, TMH352RD, TMH353RD,
TMH354RD,TMH355RD
49956 Jan-97

Holes not available through WAMEX but previously reported:
Company
Drill Hole Number
Announcement
Release
Date
Northland
TMDDH-2, TMDDH-3, TMDDH-4, TMDDH-5,
TMDDH-6, TMDDH-7, TMDDH-8
Large-Scale
Mineral
Resource
at
Coolgardie
Gold Project's CNX Deposit
17-Dec-20
FOCUS
20CNDD001,
20CNRC001,
20CNRC002,
20CNRC003
Exploration
Update
-
Coolgardie Gold Project
26-Apr-21
21CNDD001,
21CNDD002,
21CNDD003,
21CNDD004,
21CNDD005,
21CNDD006,
21CNDD007,
21CNDD008,
21CNDD009,
21CNDD010,
21CNDD011,
21CNDD012,
21CNDD013,
21CNDD014,
21CNDD015,
21CNDD016,
21CNDD017,
21CNRC001,
21CNRC002,
21CNRC003,
21CNRC004,
21CNRC005,
21CNRC006,
21CNRC007,
21CNRC008,
21CNRC009,
21CNRC010,
21CNRC011,
21CNRC012,
21CNRC013,
21CNRC014,
21CNRC015,
21CNRC016,
21CNRC017,
21CNRC018,
21CNRC019,
21CNRC020,
21CNRC021,
21CNRC022,
21CNRC023,
21CNRC024,
21CNRC026,
21CNRC028,
21CNRC029,
21CNRC030,
21CNRD001,
21CNRD002,
21CNRD003,
21CNRD004,
21CNRD005,
21CNRD025,
21CNRD027
CNX’s Mineral Resource
increases 30% in major
boost for Coolgardie Gold
Project
24-Jun-21
21CNRD007,
21CNRD035,
21CNRD036,
21CNRD037,
21CNRD038,
21CNRD039,
21CNRD040,
21CNRD041,
21CNRD042,
21CNRD043,
21CNRD044,
21CNRD045,
21CNRD046,
21CNRD047,
21CNRD048,
21CNRD049,
21CNRD050,
21CNRD051,
21CNRD052, 21CNRD053, CNDD014
CNX
Mineral
Resource
Update
24-Nov-21

Holes drilled by FML not previously reported:

Market Announcement | Page 57 of 96

Hole ID Easting
Northing
RL
(MGA 94 Zone 51)
Easting
Northing
RL
(MGA 94 Zone 51)
Easting
Northing
RL
(MGA 94 Zone 51)
Dip Azimuth
(MGA94)
EOH
(m)
Intersection calculated using
0.5g/t cut off and up to 3m internal dilution
22CNRC001 327296 6577728 422 -57.6 320.0 42 22CNRC001 - [email protected]/t from 11m for(GxM 3)
22CNRC001 - [email protected]/t from 25m for(GxM 17)
22CNRC002 327319 6577706 424 -57.7 314.0 54 22CNRC002 - [email protected]/t from 2m for(GxM 15)
22CNRC002 - [email protected]/t from 14m for(GxM 19)
22CNRC002 - [email protected]/t from 33m for(GxM 1)
22CNRC002 - [email protected]/t from 47m for(GxM 4)
22CNRC003 327345 6577685 426 -62.2 310.0 54 22CNRC003 - [email protected]/t from 16m for(GxM 1)
22CNRC003 - [email protected]/t from 45m for(GxM 4)
22CNRC004 327359 6577672 427 -59.0 317.7 48 22CNRC004 - [email protected]/t from 0m for(GxM 16)
22CNRC004 - [email protected]/t from 24m for(GxM 1)
22CNRC004 - [email protected]/t from 41m for(GxM 2)
22CNRC004 - [email protected]/t from 47m for(GxM 1)
22CNRC005 327374 6577656 428 -59.4 316.1 42 22CNRC005 - [email protected]/t from 0m for(GxM 10)
22CNRC005 - [email protected]/t from 19m for(GxM 16)
22CNRC005 - [email protected]/t from 36m for(GxM 1)
22CNRC006 327388 6577643 428 -59.6 315.7 54 22CNRC006 - [email protected]/t from 0m for(GxM 22)
22CNRC006 - [email protected]/t from 18m for(GxM 41)
22CNRC006 - [email protected]/t from 29m for(GxM 5)
22CNRC006 - [email protected]/t from 42m for(GxM 4)
22CNRC007 327399 6577633 426 -62.8 315.2 60 22CNRC007 - [email protected]/t from 14m for(GxM 26)
22CNRC007 - [email protected]/t from 31m for(GxM 1)
22CNRC007 - [email protected]/t from 43m for(GxM 11)
22CNRC008 327415 6577617 425 -60.0 308.0 72 22CNRC008 - [email protected]/t from 25m for(GxM 1)
22CNRC008 - [email protected]/t from 28m for(GxM 1)
22CNRC008 - [email protected]/t from 42m for(GxM 1)
22CNRC008 - [email protected]/t from 54m for(GxM 3)
22CNRC008 - [email protected]/t from 61m for(GxM 6)
22CNRC009 327428 6577601 425 -60.9 317.1 36 22CNRC009 - [email protected]/t from 17m for(GxM 2)
22CNRC009 - [email protected]/t from 32m for(GxM 1)
22CNRC010 327443 6577589 425 -60.1 314.9 42 22CNRC010 - [email protected]/t from 40m for(GxM 1)
22CNRC011 327454 6577564 424 -60.8 315.4 42 22CNRC011 - [email protected]/t from 12m for(GxM 1)
22CNRC011 - [email protected]/t from 18m for(GxM 2)
22CNRC011 - [email protected]/t from 37m for(GxM 9)
22CNRC012 327300 6577708 422 -60.4 316.2 42 22CNRC012 - [email protected]/t from 4m for(GxM 1)
22CNRC012 - [email protected]/t from 8m for(GxM 1)
22CNRC012 - [email protected]/t from 23m for(GxM 2)
22CNRC012 - [email protected]/t from 34m for(GxM 8)
22CNRC013 327324 6577687 425 -59.7 313.0 42 22CNRC013 - [email protected]/t from 16m for(GxM 10)
22CNRC013 - [email protected]/t from 30m for(GxM 7)
22CNRC014 327334 6577670 425 -59.9 315.1 54 22CNRC014 - [email protected]/t from 18m for(GxM 2)
22CNRC014 - [email protected]/t from 29m for(GxM 1)
22CNRC014 - [email protected]/t from 31m for(GxM 1)
22CNRC014 - [email protected]/t from 52m for(GxM 1)
22CNRC015 327357 6577643 426 -60.3 311.2 42 22CNRC015 - [email protected]/t from 15m for(GxM 13)
22CNRC015 - [email protected]/t from 31m for(GxM 2)
22CNRC016 327376 6577632 427 -57.7 319.4 42 22CNRC016 - [email protected]/t from 1m for(GxM 6)
22CNRC016 - [email protected]/t from 32m for(GxM 7)
22CNRC017 327395 6577612 424 -59.5 314.1 48 22CNRC017 - [email protected]/t from 4m for(GxM 1)
22CNRC017 - [email protected]/t from 7m for(GxM 3)
22CNRC017 - [email protected]/t from 16m for(GxM 8)
22CNRC017 - [email protected]/t from 27m for(GxM 1)
22CNRC018 327402 6577593 423 -61.3 314.6 30 22CNRC018 - [email protected]/t from 18m for(GxM 1)
22CNRC018 - [email protected]/t from 23m for(GxM 11)
Hole ID Easting
Northing
RL
(MGA 94 Zone 51)
Easting
Northing
RL
(MGA 94 Zone 51)
Easting
Northing
RL
(MGA 94 Zone 51)
Dip Azimuth
(MGA94)
EOH
(m)
Intersection calculated using
0.5g/t cut off and up to 3m internal dilution
22CNRC019 327427 6577573 424 -60.4 315.0 42 22CNRC019 - [email protected]/t from 7m for(GxM 2)
22CNRC019 - [email protected]/t from 16m for(GxM 8)
22CNRC019 - [email protected]/t from 41m for(GxM 1)
22CNRC020 327277 6577716 420 -59.7 314.7 54 22CNRC020 - [email protected]/t from 0m for(GxM 11)
22CNRC020 - [email protected]/t from 25m for(GxM 1)
22CNRC020 - [email protected]/t from 32m for(GxM 2)
22CNRC020 - [email protected]/t from 39m for(GxM 15)
22CNRC021 327284 6577698 420 -59.9 311.5 66 22CNRC021 - [email protected]/t from 2m for(GxM 1)
22CNRC021 - [email protected]/t from 63m for(GxM 2)
22CNRC022 327301 6577688 422 -60.5 313.8 54 22CNRC022 - [email protected]/t from 4m for(GxM 2)
22CNRC022 - [email protected]/t from 10m for(GxM 3)
22CNRC022 - [email protected]/t from 18m for(GxM 8)
22CNRC022 - [email protected]/t from 52m for(GxM 5)
22CNRC023 327312 6577672 422 -60.7 317.6 48 22CNRC023 - [email protected]/t from 1m for(GxM 1)
22CNRC023 - [email protected]/t from 12m for(GxM 1)
22CNRC023 - [email protected]/t from 18m for(GxM 2)
22CNRC023 - [email protected]/t from 33m for(GxM 3)
23CNRC001 327193 6577400 410 -50.0 65.0 27 NA
23CNRC002 327195 6577401 410 -50.0 65.0 150 NA
23CNRC003 327107 6577360 410 -50.0 65.0 150 NA
23CNRC004 327048 6577333 412 -50.0 65.0 150 NA
23CNRC005 326991 6577305 414 -60.0 65.0 150 NA
23CNRC006 327016 6577497 414 -50.0 65.0 150 NA
23CNRC007 326946 6577460 418 -50.0 65.0 150 NA
23CNRC008 326872 6577425 418 -50.0 65.0 150 NA
23CNRC009 326798 6577395 417 -50.0 65.0 150 NA
23CNRC010 326914 6577621 419 -50.0 65.0 94 NA
23CNRC011 326841 6577588 422 -50.0 65.0 150 NA
23CNRC012 326769 6577554 422 -50.0 65.0 150 NA
23CNRC013 326699 6577523 419 -50.0 65.0 150 NA
23CNRC014 326887 6577770 414 -50.0 65.0 150 NA
23CNRC015 326811 6577750 414 -50.0 65.0 150 NA
23CNRC016 326776 6577899 416 -50.0 65.0 150 NA
23CNRC017 326701 6577889 416 -50.0 65.0 150 NA
23CNRC018 326632 6577843 416 -50.0 65.0 150 NA
23CNRC019 326560 6577810 417 -50.0 65.0 150 NA
23CNRC020 326529 6577972 419 -50.0 65.0 150 NA
23CNRC021 326455 6577939 419 -50.0 65.0 150 NA
23CNRC022 326736 6577715 416 -50.0 65.0 150 NA
23CNRC023 326667 6577680 418 -50.0 55.0 150 NA
23CNRC024 327115 6577497 411 -50.0 45.0 150 NA
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 0.3m 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.

8 RC/DD holes have been drilled with dips toward the northwest 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.

Market Announcement | Page 59 of 96

Further work

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 GEOVIA Surpac
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 and early December.
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.

Drilling by FML in 2022 filled in gaps in the drill spacing and further confirmed the
mineralisation interpretation from the November 2021 mineral resource update for
CNX.

Only minor modifications were made to the interpretation when adding in the new
drill holes.
o
The mineralised geological interpretation was created and updated in Leapfrog
Geo software.
o
The two different vein sets were modelled independently.
o
A series of closely spaced, stacked flatter dipping lodes (33 in total) were
modelled as dipping 30° to the SW.
o
A further 29 regularly spaced steeper SE dipping feeder/cross faults were also
interpreted as controlling the distribution of higher grade and thicker shoots.
This population of veins is well supported from oriented drill core structural
measurements and is mostly contained within the G2 Gabbro.
o
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
The CNX – Three Mile Hill trend strikes NW – SE over 1.6km

The reported CNX resource has been truncated using the Great Eastern Highway
as a divide and only the northern portion of the resource is reported.

The CNX mineralisation has been modelled over 700m, the lodes have been
interpreted from near surface to approximately 250m below surface to the
150mRL.

The average thickness of the flatter lodes is 4m. However, as the lodes are
stacked the bulk style mineralisation combines to form a tabular style of very
steeply southwest dipping mineralisation averaging 35-46m width over 700m strike
currently defined by drilling.
Estimation and
modelling
techniques

An Ordinary Kriging (OK) estimate was run using Datamine software, following
the process below:

Extracts in a csv format from the FML acQuire database for drillhole collar, survey,
assay and geology were imported into Datamine. A basic data validation in
Datamine was undertaken revealing no errors. A “static” de-surveyed 3D drill hole
file was then created. All holes other than RC, DD or RC/DD were filtered out.

The drillhole samples were then coded within individual lodes, for the 2022 MRE
no sharing of samples between vein sets was allowed. Where the different
oriented veins over-lapped, the sample was assigned to the steep lode.

Samples within the wireframes were composited to 1m, the dominant original
sample interval, with a minimum of 0.2m. Core-loss intervals were left as null and
ignored in the compositing process.

Composited assay values of each lode 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 8.5ppm Au was used and a maximum top-cap of 20ppm
Au.

Variography was modelled on data transformed to normal scores, the variogram
models were back transformed to original units before exporting.

Variography was performed on the individual lodes with larger sample numbers, in
total 23 variograms were modelled.

These models were shared with the other lodes of similar orientation and
proximity.

The back-transformed variogram models had moderate to high nugget effects
(18% to 57% of total sill), with a range from 30m to greater than 300m for some of
the flat stacked lodes.

No “unfolding” of the mineralised wireframes was required.

A non-rotated 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. Each domain was estimated separately.

For the first estimation pass a minimum (8) and maximum (12 - 16) sample
numbers were selected, using an elliptical search radius based on the range of the
variograms. After the first pass 66% of blocks had estimated. A second and third
estimation pass was run with a minimum (4) samples, with the search distance
doubled between each estimation run. After the second pass 30% of blocks had
estimated and a remaining 4% estimated in the third.

Market Announcement | Page 61 of 96


The estimate was validated by a number of methods including an initial visual
review 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.

After the initial review of the estimate, four steep HG veins had blocks at depth
“over-estimating” whereby few HG samples had greater influence in the sparser
drilled area. A “grade restricted search” methodology was used on these four
lodes, whereby samples 5ppm Au or greater were restricted to within a 10m
ellipsoid search distance. Outside of this 10m search distance samples below
5ppm Au were used in the remaining un-estimated blocks.

Swath plots were generated in Snowden Supervisor to compare the average
grade trend over distance for both the estimate and composited sample data 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 CNX have been reported above a 0.5g/t cut-off for open pit
above 200mRL (~190m depth). This is based on an AUD $2,200 gold price.
Mining factors or
assumptions

The CNX open pit mine schedule is included in the recently released (Oct 22)
Coolgardie resumption of production - Life of Mine Plan.
Metallurgical
factors or
assumptions

Results from the gravity separation and direct cyanide leach test work carried out
in 2021 showed very high total extraction ranging from 96.9% to 98.2%. Gravity
gold recovery ranged from 62.5% to 80.6% with low cyanide consumption.
Environmental
factors or
assumptions

The CNX deposit occurs within an area of significant previous ground disturbance
including:

the existing CNX pit,

Large scale alluvial/elluvial washing plants,

Shaft/ trenches.

The deposit is located just 1.25km north of the Three Mile Hill ROM pad.

The southern margin of the reported Minera Resource has been truncated ~ 80m
north of Great Eastern Highway which is seen as a reasonable break between
what is considered CNX to the northwest and Three Mile Hill Mineral Resource
(Not being Reported Here) to the southeast.
Bulk density
Density values were assigned based on weathering profile. CNX has a very
shallow weathering profile and the bulk to the deposit occurs in Fresh Rock. The
same density values used in the November 2021 MRE were applied. These
figures are based on diamond core from the 2020 and 2021 drill campaigns using
the water immersion technique. The 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.
Classification
Resources have been classified as Measured, Indicated and Inferred based
mainly on geological confidence in the geometry and continuity of the lodes, close
spaced (10m x 10m to 20m x 10m) drilling across the bulk of the deposit and
prospect for economic extraction. 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.

Wireframe solids were created to encapsulate blocks that fit each classification
criteria.

Measured blocks were those that filled in the first search pass and were
within the 10 – 20m x 10m drill spacing.

Indicated blocks were blocks not classified as measured that filled
predominantly in the first search pass and were above a reasonable open pit
depth.

Blocks that filled in the second and third search pass and supported by
recent FML drilling were classified as Inferred.

Sub-inferred blocks exist at depth where drill spacing is sparse but and are
not included in the reported mineral resources. These blocks are a future
exploration target.
Audits or reviews
The CNX estimate has not been externally audited or reviewed.
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.
While production figures for CNX trial pit are unavailable, the adjacent Three Mile
Hill was successfully mined.

JORC Code, 2012 Edition – Table 1 Alicia, Empress

Deposits and overlying ROM stockpiles

Section 1 Sampling Techniques and Data

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

Criteria Commentary
Sampling
techniques

This report relates to results from Reverse Circulation (RC) drilling and diamond
core (DD) drilling.

The information of sampling techniques below applies to the drill holes drilled by
Focus Minerals (FML) only.

RC percussion drill chips were collected through a cyclone and cone splitter.
Samples were collected on a speared 4m composite and cone split 1m basis.
Diamond core was sampled across identified zones of mineralisation by site
geologists, the sample widths varied between a minimum of 0.3m and a maximum
of 1m.

RC chips were passed through a cone splitter to achieve a sample weight of
approximately 3kg.

4m composite samples were taken by spear sampling the bulk 1m sample. Where
results returned greater than 0.2g/t Au, the 1m samples were submitted.

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.

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. The core was cut in half using an Almonte
automatic core saw.

Goldfan collected 2kg samples as either 4m composites or as 1m samples through
mineralised ground or interesting geology. Samples were run through a cyclone.
Where the 4m composite samples returned greater than 0.2g/t Au, 1m samples
were submitted.

MPI collect RC drill cuttings at 1m intervals through a trailer mounted cyclone and
stand-alone riffle splitter to provide 4-6kg samples. Composite samples up to 5m
were initially taken using spear sampling methods from the 1m bulk resides. Where
results returned > 0.5Auppm the 1m split samples were submitted for analysis.
Diamond NQ2 core was ½ core sampled over zones of alteration up to 1.5m.

One shallow hole (46m) drilled by Aberfoyle in 1981, 17 holes drilled by Electrum in
early 1988, 9 shallow RC holes (av. 64m depth) and 6 av depth 110m RC/DD
holes, have been included in the estimate without WAMEX references on drilling
and sampling methodology. An early resource report by Goldfan for Alicia states
they extensively checked the data fromprevious companies before amalgamating

Market Announcement | Page 63 of 96

the data into one database and considered it reliable for use in their resource
estimates.
Drilling techniques All FML drilling was completed using an RC face sampling hammer or PQ3-HQ3
size diamond core. Where achievable, all drill core was oriented by the drilling
contractor using an Ezy-mark system. Most holes were surveyed upon completion of
drilling initially using an electronic multi-shot (EMS) camera.
Goldfan used RC face sampling hammer, holes were downhole surveyed by
Eastman single shot camera and later by Eastman multiple shot camera.
MPI used an RC face sampling hammer or NQ2 size diamond core which was
oriented by the drilling contractor. Holes were surveyed upon completion of drilling
by using either an electronic multi-shot (EMS) camera or gyro-clinometer.
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.
Goldfan states a consistent sample recovery in the range of 80-90%
MPI stated all samples were dry.
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,
veining, alteration, mineralisation, 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 using a standardised
photography jig.
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
The information of sub-sampling and sample preparation below applies to the drill
holes drilled by FML only.
Core samples were taken from 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.
RC samples were cone split to a nominal 3 - 5kg sample weight. The drilling method
was designed to maximise sample recovery and delivery of a clean, representative
sample into the calico bag.
Where possible all RC samples were drilled dry to maximise recovery. The use of a
booster and auxiliary compressor provide dry sample for depths below the water
table. Sample condition and recovery percentage 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 initially by 40g aqua regia for the
composite samples then 30g Fire Assay for individual samples with an ICP-OES or
AAS Finish.
The assay laboratories’ sample preparation procedures follow industry best practice,
with techniques andpractices that are appropriate for this style of mineralisation.
Pulp duplicates were taken at the pulverising stage and selective repeats conducted
at the laboratories’ discretion.
Earlier FML QAQC checks involved inserting a standard or blank every 20 samples
in RC or diamond drilling and taking a field duplicate every 20 samples in RC. Field
duplicates were collected from the cone splitter on the rig. Diamond core field
duplicates were not taken, a minimum of 3 standards were inserted for every sample
batch submitted.
Sampling was carried out by the supervising geologist and senior field staff, to
ensure all procedures were followed and best industry practice carried out.
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 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.
Diamond core and 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.
MPI submitted samples to Analabs in Perth for analysis by 50g Fire Assay for
0.01ppm detection limit.
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.
In late 2020 FML twinned select historic holes with higher grade intersections. The
results of these holes confirmed the width and grade tenor of the historic drilling
used in the estimate.
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
FML drill collars were surveyed after completion, using a DGPS instrument. All drill
core was oriented by the drilling contractor using an Ezy-mark system. Most holes
were surveyed upon completion of drilling. An electronic multi-shot camera was
used, holes were surveyed open hole.
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.

Market Announcement | Page 65 of 96

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.
Data spacing and
distribution
Drill spacing along the Alicia/Empress trend is 20m x 10m with the average depth of
RC holes 70m below surface. The average depth of the diamond drilling including
RC pre-collared diamond tails is 167.5m.
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.
Drill holes were oriented at right angles to strike of deposit, with dip optimised for drill
capabilities and the dip of the ore body, which was to the East.
The southern extent of Alicia was historically interpreted as a fold-nose and the
orientation of drilling was adjusted and drilled from both North and South
orientations.
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.

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
All exploration was conducted on tenements 100% owned by Focus Minerals
Limited or its subsidiary companies Focus Operations Pty Ltd. All tenements are in
good standing.
Alicia and Empress are situated on tenement M15/646, part of the Tindals Mines
Complex.
The Malinyu Ghoorlie 2017 and Maduwongga 2017 Claims cover the majority of the
Coolgardie tenure. At this stage no Coolgardie claims have progressed to
determined status.
Exploration done by
other parties

Alicia and Empress lie within close proximity to other historically open pit mined
deposits. Empress deposit was historically mined between 1897-1936. Some shafts
and underground mining took place at Alicia but has not been well documented.
Empress was mined open pit by FML from May 2011 to September 2012 with
production figures of 192,241t @ 2.11g/t Au for 13,052 ounces. To the North of
Alicia is the Tindals North open pit, mined in the 1980’s to 1990’s.

The region has been explored in more modern times by various company drill
programs since the late 1970’s by Greenex, then Aberfoyle, Electrum, Goldfan, MPI
and finally Focus.
Geology
The deposit lies on the western margin of the Archaean Norseman – Menzies
Greenstone Belt. Local geology is characterised by a quartz bearing diorite between
a mafic basalt hanging wall and komatiite footwall that displays a distinctive spinifex
texture. The majority of gold mineralisation is hosted by the diorite intrusions and
associated quartz veining.
Drill hole
Information

Historic drilling information has been validated against publicly available WAMEX
reports.

Historic drilling information has been validated against publicly available WAMEX
reports.

Historic drilling information has been validated against publicly available WAMEX
reports.

Historic drilling information has been validated against publicly available WAMEX
reports.
Company Drill Hole Number WAMEX Report
A-Number
WAMEX
Report Date
Goldfan TNG0451R, TNG0452R, TNG0453R, TNG0454R,
TNG0455R, TNG0456R, TNG0459R, TNG0460R,
TNG0461R, TNG0463R, TNG0464R, TNG0465R,
TNG0466R, TNG0467R, TNG0468R, TNG0469R,
TNG0470R,TNG0471R
44166 Mar-95
TNG1130R, TNG1131R, TNG1132R, TNG1133R,
TNG1134R, TNG1135R, TNG1136R, TNG1137R,
TNG0991R, TNG0992R, TNG0993R, TNG0994R,
TNG0995R, TNG0996R, TNG0997R, TNG0998R,
TNG0999R, TNG1000R, TNG1001R, TNG1002R,
TNG1003R, TNG1004R, TNG1005R, TNG1006R,
TNG1010R, TNG1012R, TNG1013R, TNG1014R,
TNG1034R, TNG1035R, TNG1036R, TNG1037R,
TNG1038R, TNG1149R, TNG1150R, TNG1151R,
TNG1152R, TNG1153R, TNG1154R, TNG1155R,
TNG1156R, TNG1157R, TNG1158R, TNG1159R,
TNG1160R, TNG1161R, TNG1162R, TNG1163R,
TNG1164R
47168 31-Mar-96
TNG1647-R 60899 1-Aug-00
MPI TNG1702-R, TNG1704-RD 63533 Sep-01
TNG1722-R, TNG1723-R, TNG1724-RD,
TNG1725-RD,TNG1726-RD
66091 Feb-03
Focus TNDC0108,TNDC0109,TNDC0110,TNDC0111 85889 23-Feb-10
TNDC0076, TNDC0077, TNDC0079, TNDC0080,
TNDC0081, TNDC0082, TNDC0083, TNDC0084,
TNDC0085, TNDC0087, TNDC0088, TNDC0090,
TNDC0091, TNDC0092, TNDC0094, TNDC0096,
TNDC0097, TNDC0098, TNDC0099, TNDC0100,
TNDC0104, TNDC0104A, TNDC0105,
TNDC0107, TNDC0163, TNDC0164, TNDC0165,
TNDC0166, TNDC0167, TNDC0168, TNDC0169,
TNDC0170, TNDC0171, TNDC0172,
TNDC0172A, TNDC0173, TNDC0174,
TNDC0175, TNDC0176, TNDC0177, TNDC0178,
TNDC0179, TNDC0180, TNDC0181,
TNDCD0086, TNDD0003, TNDD0004,
TNDD0005
89322 23-Feb-11
EMC293, EMC295, EMC297, EMC299, EMC301,
EMC322, EMC323, EMC324, EMC325, EMC327,
EMC328, EMC329, EMC330, EMC331, EMC332,
EMC333, EMC334, EMC335, EMC336, EMC337,
EMC338, EMC339, EMC340, EMC341, EMC342,
EMC372, EMC375, EMC377, EMC380, EMC382,
EMC383, EMC384, EMC386, EMC387, EMC388,
EMC389, EMC390, EMC391, EMC393, EMC394,
EMC395, EMC398, EMC400, EMC401, EMC402,
EMC403, EMC404, EMC405, EMC406, EMC407,
EMC408, EMC409, EMC410, EMC411, EMC412,
EMC413, EMC414, EMC415, EMC416, EMC417,
EMC418, EMC419, EMC420, EMC421, EMC422,
EMC423, EMC424, EMC425, EMC426, EMC427,
EMC428, EMC429, EMC431, EMC432, EMC433,
EMC434,EMC435,EMC436,EMC437
92766 9-Feb-12

Market Announcement | Page 67 of 96

EMC438, EMC439, EMC441, EMC442, EMC444,
EMC445, EMC448, EMC451, EMC452, EMC455,
EMC459, EMC463, EMC467, EMC468, EMC469,
EMC470, EMC471, EMC472, EMC473, EMC474,
EMC475, EMC476, EMC477, EMC478, EMC479,
EMC480, EMC481, EMC482, EMC483, EMC484,
EMC485, EMC486, EMC487, EMC488, EMC489,
EMC490
EMC438, EMC439, EMC441, EMC442, EMC444,
EMC445, EMC448, EMC451, EMC452, EMC455,
EMC459, EMC463, EMC467, EMC468, EMC469,
EMC470, EMC471, EMC472, EMC473, EMC474,
EMC475, EMC476, EMC477, EMC478, EMC479,
EMC480, EMC481, EMC482, EMC483, EMC484,
EMC485, EMC486, EMC487, EMC488, EMC489,
EMC490
EMC438, EMC439, EMC441, EMC442, EMC444,
EMC445, EMC448, EMC451, EMC452, EMC455,
EMC459, EMC463, EMC467, EMC468, EMC469,
EMC470, EMC471, EMC472, EMC473, EMC474,
EMC475, EMC476, EMC477, EMC478, EMC479,
EMC480, EMC481, EMC482, EMC483, EMC484,
EMC485, EMC486, EMC487, EMC488, EMC489,
EMC490
EMC438, EMC439, EMC441, EMC442, EMC444,
EMC445, EMC448, EMC451, EMC452, EMC455,
EMC459, EMC463, EMC467, EMC468, EMC469,
EMC470, EMC471, EMC472, EMC473, EMC474,
EMC475, EMC476, EMC477, EMC478, EMC479,
EMC480, EMC481, EMC482, EMC483, EMC484,
EMC485, EMC486, EMC487, EMC488, EMC489,
EMC490
EMC438, EMC439, EMC441, EMC442, EMC444,
EMC445, EMC448, EMC451, EMC452, EMC455,
EMC459, EMC463, EMC467, EMC468, EMC469,
EMC470, EMC471, EMC472, EMC473, EMC474,
EMC475, EMC476, EMC477, EMC478, EMC479,
EMC480, EMC481, EMC482, EMC483, EMC484,
EMC485, EMC486, EMC487, EMC488, EMC489,
EMC490
EMC438, EMC439, EMC441, EMC442, EMC444,
EMC445, EMC448, EMC451, EMC452, EMC455,
EMC459, EMC463, EMC467, EMC468, EMC469,
EMC470, EMC471, EMC472, EMC473, EMC474,
EMC475, EMC476, EMC477, EMC478, EMC479,
EMC480, EMC481, EMC482, EMC483, EMC484,
EMC485, EMC486, EMC487, EMC488, EMC489,
EMC490
96924 96924 96924 27-Feb-13
TND16063,TND16064 112010 19-Feb-17

Previously reported drilling information NOT available on WAMEX reports:
Drill Hole Number ASX Release Title Date
AE010-2, AE020-3, AE020-4, AE020-5, AE060-5,
AE100-2, AE100-3, AE120-4, AE120-6, AE140-2,
AE160-2, AE983-1, AE990-2, AE990-3, AE990-4,
TD220-1, TD340-1, EMC139, EMC140, EMC143,
EMC144, EMC146, EMC147, EMC152, EMC153,
EMC154, EMC303, EMC305, EMC307, EMC309,
EMC311, EMC316, EMC317, EMC319, EMC320,
EMC321,PDH117
Resource Update for
Coolgardie's Alicia Gold
Deposit
20-Jul-21
20ALRC001, 20ALRC002, 20ALRC003, 20ALRC004,
20ALRC005, 20ALRC006, 20ALRC007, 20ALRC008,
20ALRC009, 20ALRC010, 20ALRC011, 20ALRC012,
20ALRC013, 20ALRC014, 20ALRC015, 20ALRC016,
20ALRC017, 20ALRC018, 20ALRC019, 20ALRC020,
20ALRC021, 20ALRC022, 20ALRC023, 20ALRC024,
20ALRC025, 20ALRC026, 20ALRC027, 20ALRC028,
20ALRC029, 20ALRC030, 20ALRC031, 20ALRC032,
20ALRC033, 20ALRC034, 20ALRC035, 20ALRC036,
20ALRC037, 20ALRC038, 20ALRC039, 20ALRC040,
20ALRC041,20ALRC042
Exploration Update -
Coolgardie Gold Project
26-Apr-21

Focus drilling information NOT previously reported.
DRILL
TYPE
HOLE ID EAST NORTH RL DEPTH
(m)
AZIMUTH DIP
DD COD084 325640.51 6570536 324.79 350.5 210.12 -1.5
RC EMC149 325476.98 6570129.7 421.69 40 90.05 -61
RC EMC151 325483.93 6570110.1 422.55 40 90.05 -60
RC EMC156 325279.26 6570249.8 422.89 48 90.05 -60
RC EMC157 325299.72 6570249.3 421.85 48 90.05 -60
RC EMC158 325296.14 6570239.9 421.95 48 90.05 -60
RC EMC159 325305.29 6570240.2 421.76 48 93.04 -59
RC EMC161 325312.06 6570230.1 421.66 44 98.05 -63
RC EMC162 325328.85 6570231.1 421.71 34 94.04 -57
RC EMC164 325300.39 6570219.5 421.53 48 90.05 -58
RC EMC165 325307.65 6570220.4 421.48 48 84.05 -58
RC EMC166 325319.72 6570219.6 421.56 48 90.05 -58
RC EMC167 325330.24 6570220.1 421.86 48 85.05 -58
RC EMC168 325338.05 6570219.7 422.3 48 96.05 -60
RC EMC169 325299.62 6570194.9 421.42 48 94.05 -60
RC EMC170 325309.58 6570194.8 421.53 48 90.05 -60
RC EMC171 325319.41 6570195 421.78 48 90.05 -64
RC EMC176 325327.11 6570173.3 422.95 48 91.04 -62
RC EMC177 325281.02 6570159.8 420.63 48 90.05 -60
RC EMC178 325300.67 6570159.5 421.46 48 90.05 -60
RC EMC179 325319.92 6570159.6 422.56 48 96.05 -63
RC EMC180 325265.88 6570139.7 420.65 48 93.04 -62
RC EMC181 325274.97 6570140 420.63 48 90.05 -60
RC EMC182 325285.13 6570139.8 420.8 48 90.05 -60
RC EMC183 325295.12 6570140.2 420.98 48 90.05 -60
RC EMC184 325305.5 6570139.6 421.34 42 90.05 -60
RC EMC185 325270.2 6570115 420.38 48 90.05 -61
RC EMC186 325279.92 6570114.8 420.24 48 90.04 -61
RC EMC187 325290.12 6570115.2 420.69 48 88.04 -60
RC EMC188 325265.31 6570099.9 420.52 48 90.05 -60
RC EMC189 325274.77 6570099.5 420.24 48 92.05 -61
RC EMC190 325285.22 6570100 420.2 48 90.05 -59
RC EMC191 325294.82 6570100 420.52 36 93.04 -59
RC EMC192 325259.91 6570080.3 420.29 48 90.04 -58
RC EMC193 325270.29 6570079.9 420.19 48 89.04 -62
RC EMC194 325280.18 6570079.7 419.87 48 91.04 -60
RC EMC195 325289.5 6570079.8 419.57 48 98.04 -60
RC EMC196 325254.92 6570059.8 420.41 48 90.04 -59
RC EMC197 325264.84 6570060.1 420.16 48 90.04 -58
RC EMC198 325274.86 6570059.5 420 48 90.04 -60
RC EMC199 325284.91 6570060.5 419.73 48 92.04 -61
RC EMC200 325294.78 6570060.2 419.69 48 90.04 -60
RC EMC201 325304.67 6570060.2 420.88 48 90.04 -57
RC EMC202 325255.12 6570039.9 419.89 48 95.04 -61
RC EMC203 325264.99 6570039.7 419.98 48 92.04 -62
RC EMC204 325275.51 6570039.9 419.73 48 93.04 -61
RC EMC205 325284.63 6570039.9 419.68 48 91.04 -62
RC EMC206 325294.55 6570040.3 419.64 48 90.04 -60
RC EMC207 325311.71 6570040.5 419.94 48 90.04 -60
RC EMC208 325247.74 6570020.4 419.89 48 94.04 -62
RC EMC209 325255 6570020.1 419.9 48 94.04 -57
RC EMC210 325265.37 6570020.2 419.95 48 94.04 -62
RC EMC211 325274.73 6570020 419.75 48 89.04 -58
RC EMC212 325285.41 6570019.8 419.58 48 92.04 -60
RC EMC213 325294.43 6570020 419.35 48 90.04 -60
RC EMC214 325351.57 6570168.4 424.25 36 277.04 -45
RC EMC215 325356.01 6570167.8 424.75 42 275.04 -52
RC EMC218 325359.63 6570147.5 424.5 38 266.04 -46
RC EMC219 325343.09 6570148.2 423.96 38 281.04 -49
RC EMC220 325318.15 6570115.9 424.36 37 275.04 -51
RC EMC221 325312.47 6570115.8 423.33 30 270.04 -45
RC EMC222 325318.13 6570108.2 424.58 37 267.04 -52
RC EMC223 325314.13 6570108.3 424.48 30 278.04 -48
RC EMC224 325330.06 6570088 424.4 48 272.04 -60
RC EMC225 325319.82 6570088.1 424.63 48 281.04 -61
RC EMC227 325323.57 6570067.5 422.21 43 270.04 -52
RC EMC228 325317.33 6570068.3 422.5 36 288.04 -45

Market Announcement | Page 69 of 96

Hole ID Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
**Dip ** Azimuth
(MGA94)
EOH
(m)
Intersection calculated using
0.5g/t cut off and up to 3m internal dilution
20ALDD001 325469 6570138 424 -49 89 82.8 20ALDD001 - [email protected]/t from 29m for(GxM 15)
20ALDD001 - [email protected]/t from 48m for(GxM 3)
20ALDD002 325420 6570139 426 -50 91 117.2 20ALDD002 - [email protected]/t from 56.8m for(GxM 0)
20ALDD002 - [email protected]/t from 63m for(GxM 1)
20ALDD002 - [email protected]/t from 77m for(GxM 14)
20ALDD002 - [email protected]/t from 100.8m for(GxM 1)
20ALDD002 - [email protected]/t from 105m for(GxM 1)
20ALDD003 325495 6570272 427 -50 270 91.6 20ALDD003 - [email protected]/t from 27m for(GxM 1)
20ALRC001 325378 6570028 419 -47 25 102 20ALRC001 - [email protected]/t from 7m for(GxM 2)
20ALRC001 - [email protected]/t from 15m for(GxM 2)
20ALRC001 - [email protected]/t from 30m for(GxM 1)
20ALRC001 - [email protected]/t from 35m for(GxM 7)
20ALRC001 - [email protected]/t from 51m for(GxM 4)
20ALRC001 - [email protected]/t from 61m for(GxM 1)
20ALRC001 - [email protected]/t from 80m for(GxM 1)
20ALRC001 - [email protected]/t from 84m for(GxM 1)
20ALRC001 - [email protected]/t from 91m for(GxM 1)
20ALRC002 325453 6570239 426 -60 85 90 20ALRC002 - [email protected]/t from 0m for(GxM 1)
20ALRC002 - [email protected]/t from 36m for(GxM 1)
20ALRC002 - [email protected]/t from 44m for(GxM 13)
20ALRC002 - [email protected]/t from 55m for(GxM 63)
20ALRC003 325415 6570031 420 -45 5 108 20ALRC003 - [email protected]/t from 0m for(GxM 1)
20ALRC003 - [email protected]/t from 31m for(GxM 21)
20ALRC003 - [email protected]/t from 48m for(GxM 19)
20ALRC003 - [email protected]/t from 65m for(GxM 2)
20ALRC003 - [email protected]/t from 87m for(GxM 1)
20ALRC003 - [email protected]/t from 90m for(GxM 1)
20ALRC003 - [email protected]/t from 103m for(GxM 2)
20ALRC004 325489 6570134 425 -64 104 60 20ALRC004 - [email protected]/t from 1m for(GxM 3)
20ALRC004 - [email protected]/t from 18m for(GxM 4)
20ALRC004 - [email protected]/t from 32m for(GxM 1)
20ALRC005 325479 6570352 426 -46 90 54 20ALRC005 - [email protected]/t from 0m for(GxM 2)
20ALRC005 - [email protected]/t from 20m for(GxM 1)
20ALRC005 - [email protected]/t from 29m for(GxM 7)
20ALRC006 325472 6570317 426 -46 88 54 20ALRC006 - [email protected]/t from 20m for(GxM 5)
Hole ID Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
**Dip ** Azimuth
(MGA94)
EOH
(m)
Intersection calculated using
0.5 g/t cut off and up to 3m internal dilution
20ALRC006 325472 6570317 426 -46 88 54 20ALRC006 - [email protected]/t from 20m for(GxM 5)
20ALRC007 325496 6570372 424 -49 86 54 20ALRC007 - [email protected]/t from 28m for(GxM 1)
20ALRC007 - [email protected]/t from 46m for(GxM 1)
20ALRC008 325440 6570123 421 -50 98 96 20ALRC008 - [email protected]/t from 31m for(GxM 4)
20ALRC008 - [email protected]/t from 41m for(GxM 22)
20ALRC008 - [email protected]/t from 75m for(GxM 9)
20ALRC009 325408 6570069 420 -61 3 54 20ALRC009 - [email protected]/t from 0m for(GxM 13)
20ALRC009 - [email protected]/t from 26m for(GxM 1)
20ALRC009 - [email protected]/t from 35m for(GxM 1)
20ALRC010 325399 6570055 420 -65 14 108 20ALRC010 - [email protected]/t from 22m for(GxM 1)
20ALRC010 - [email protected]/t from 44m for(GxM 3)
20ALRC010 - [email protected]/t from 64m for(GxM 1)
20ALRC010 - [email protected]/t from 104m for(GxM 3)
20ALRC011 325450 6570160 423 -56 90 102 20ALRC011 - [email protected]/t from 25m for(GxM 1)
20ALRC011 - [email protected]/t from 42m for(GxM 12)
20ALRC011 - [email protected]/t from 69m for(GxM 2)
20ALRC011 - [email protected]/t from 98m for(GxM 2)
20ALRC012 325440 6570159 424 -60 92 114 20ALRC012 - [email protected]/t from 0m for(GxM 1)
20ALRC012 - [email protected]/t from 55m for(GxM 14)
20ALRC012 - [email protected]/t from 85m for(GxM 1)
20ALRC012 - [email protected]/t from 91m for(GxM 1)
20ALRC013 325459 6570219 426 -61 90 78 20ALRC013 - [email protected]/t from 20m for(GxM 1)
20ALRC013 - [email protected]/t from 44m for(GxM 30)
20ALRC014 325445 6570218 426 -61 88 96 20ALRC014 - [email protected]/t from 42m for(GxM 1)
20ALRC014 - [email protected]/t from 52m for(GxM 1)
20ALRC014 - [email protected]/t from 54m for(GxM 1)
20ALRC014 - [email protected]/t from 57m for(GxM 2)
20ALRC014 - [email protected]/t from 63m for(GxM 13)
20ALRC014 - [email protected]/t from 90m for(GxM 1)
20ALRC015 325430 6570255 426 -55 83 96 20ALRC015 - [email protected]/t from 66m for(GxM 44)
20ALRC016 325447 6570268 426 -56 105 96 20ALRC016 - [email protected]/t from 37m for(GxM 2)
20ALRC016 - [email protected]/t from 45m for(GxM 28)
20ALRC017 325444 6570269 426 -61 91 90 20ALRC017 - [email protected]/t from 0m for(GxM 1)
20ALRC017 - [email protected]/t from 47m for(GxM 1)
20ALRC017 - [email protected]/t from 57m for(GxM 32)
20ALRC018 325456 6570166 423 -50 90 78 20ALRC018 - [email protected]/t from 0m for(GxM 1)
20ALRC018 - [email protected]/t from 35m for(GxM 6)
20ALRC018 - [email protected]/t from 60m for(GxM 1)
20ALRC018 - [email protected]/t from 65m for(GxM 2)
20ALRC019 325457 6570196 427 -60 99 96 20ALRC019 - [email protected]/t from 0m for(GxM 1)
20ALRC019 - [email protected]/t from 38m for(GxM 1)
20ALRC019 - 18.00m@1g/t from 43m for(GxM 18)
20ALRC019 - [email protected]/t from 73m for(GxM 1)
20ALRC020 325452 6570199 427 -60 90 78 20ALRC020 - [email protected]/t from 0m for(GxM 1)
20ALRC020 - [email protected]/t from 39m for(GxM 2)
20ALRC020 - [email protected]/t from 52m for(GxM 20)
20ALRC021 325458 6570063 420 -61 358 54 20ALRC021 - [email protected]/t from 1m for(GxM 1)
20ALRC021 - [email protected]/t from 14m for(GxM 2)
20ALRC021 - [email protected]/t from 53m for(GxM 1)
20ALRC022 325471 6570080 420 -61 91 54 20ALRC022 - [email protected]/t from 14m for(GxM 15)
20ALRC023 325462 6570092 420 -65 91 72 20ALRC023 - [email protected]/t from 0m for(GxM 2)
20ALRC023 - [email protected]/t from 16m for(GxM 6)
20ALRC023 - [email protected]/t from 50m for(GxM 10)
20ALRC024 325481 6570260 425 -61 90 84 20ALRC024 - [email protected]/t from 0m for(GxM 1)
20ALRC024 - [email protected]/t from 70m for(GxM 4)
20ALRC025 325466 6570261 426 -62 88 72 20ALRC025 - [email protected]/t from 8m for(GxM 1)
20ALRC025 - [email protected]/t from 21m for(GxM 44)
20ALRC025 - [email protected]/t from 60m for(GxM 1)
20ALRC026 325456 6570272 427 -61 89 78 20ALRC026 - [email protected]/t from 0m for(GxM 1)
20ALRC026 - [email protected]/t from 33m for(GxM 2)
20ALRC026 - [email protected]/t from 39m for(GxM 40)
20ALRC026 - [email protected]/t from 54m for(GxM 1)
20ALRC026 - [email protected]/t from 61m for(GxM 1)
20ALRC027 325444 6570278 426 -59 89 90 20ALRC027 - [email protected]/t from 52m for(GxM 24)
20ALRC027 - [email protected]/t from 78m for(GxM 5)
20ALRC028 325454 6570290 426 -61 87 84 20ALRC028 - [email protected]/t from 48m for(GxM 6)
20ALRC029 325458 6570300 426 -61 87 66 20ALRC029 - [email protected]/t from 42m for(GxM 2)
20ALRC029 - [email protected]/t from 49m for(GxM 1)
20ALRC030 325467 6570330 426 -46 87 42 20ALRC030 - [email protected]/t from 31m for(GxM 2)

Market Announcement | Page 71 of 96

Hole ID Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
**Dip ** Azimuth
(MGA94)
EOH
(m)
Intersection calculated using
0.5 g/t cut off and up to 3m internal dilution
20ALRC031 325426 6570070 420 -62 4 96 20ALRC031 - [email protected]/t from 0m for(GxM 4)
20ALRC031 - [email protected]/t from 22m for(GxM 14)
20ALRC031 - [email protected]/t from 38m for(GxM 3)
20ALRC031 - [email protected]/t from 54m for(GxM 1)
20ALRC031 - [email protected]/t from 68m for(GxM 1)
20ALRC031 - [email protected]/t from 82m for(GxM 1)
20ALRC032 325420 6570048 419 -63 2 120 20ALRC032 - [email protected]/t from 23m for(GxM 1)
20ALRC032 - [email protected]/t from 33m for(GxM 44)
20ALRC032 - [email protected]/t from 55m for(GxM 10)
20ALRC032 - [email protected]/t from 70m for(GxM 3)
20ALRC032 - [email protected]/t from 76m for(GxM 83)
20ALRC032 - [email protected]/t from 104m for(GxM 3)
20ALRC032 - [email protected]/t from 114m for(GxM 1)
20ALRC033 325411 6570070 420 -51 268 42 20ALRC033 - [email protected]/t from 0m for(GxM 4)
20ALRC033 - [email protected]/t from 12m for(GxM 29)
20ALRC033 - [email protected]/t from 34m for(GxM 2)
20ALRC033 - [email protected]/t from 39m for(GxM 1)
20ALRC034 325468 6570100 422 -61 90 72 20ALRC034 - [email protected]/t from 24m for(GxM 1)
20ALRC034 - [email protected]/t from 31m for(GxM 32)
20ALRC035 325486 6570112 422 -61 89 66 20ALRC035 - [email protected]/t from 7m for(GxM 32)
20ALRC036 325474 6570131 423 -58 91 66 20ALRC036 - [email protected]/t from 20m for(GxM 56)
20ALRC036 - [email protected]/t from 54m for(GxM 1)
20ALRC037 325448 6570138 422 -61 90 90 20ALRC037 - [email protected]/t from 45m for(GxM 2)
20ALRC037 - [email protected]/t from 59m for(GxM 2)
20ALRC037 - [email protected]/t from 67m for(GxM 1)
20ALRC037 - [email protected]/t from 84m for(GxM 2)
20ALRC038 325488 6570115 423 -52 90 60 20ALRC038 - [email protected]/t from 5m for(GxM 29)
20ALRC039 325479 6570152 424 -55 89 60 20ALRC039 - [email protected]/t from 0m for(GxM 1)
20ALRC039 - [email protected]/t from 5m for(GxM 2)
20ALRC039 - [email protected]/t from 13m for(GxM 57)
20ALRC040 325474 6570171 423 -49 90 54 20ALRC040 - [email protected]/t from 0m for(GxM 1)
20ALRC040 - [email protected]/t from 11m for(GxM 21)
20ALRC040 - [email protected]/t from 39m for(GxM 7)
20ALRC041 325475 6570218 425 -62 89 78 20ALRC041 - [email protected]/t from 6m for(GxM 18)
20ALRC041 - [email protected]/t from 17m for(GxM 1)
20ALRC041 - [email protected]/t from 25m for(GxM 2)
20ALRC041 - [email protected]/t from 58m for(GxM 1)
20ALRC042 325469 6570230 425 -74 85 96 20ALRC042 - [email protected]/t from 0m for(GxM 1)
20ALRC042 - [email protected]/t from 11m for(GxM 1)
20ALRC042 - [email protected]/t from 23m for(GxM 4)
20ALRC042 - [email protected]/t from 34m for(GxM 3)
20ALRC042 - [email protected]/t from 41m for(GxM 80)
20ALRC042 - [email protected]/t from 79m for(GxM 4)
20ALRC042 - [email protected]/t from 88m for(GxM 2)
21ALDD001 325384 6570060 421 -55 64 126.3 21ALDD001 - [email protected]/t from 30m for(GxM 1)
21ALDD001 - [email protected]/t from 42m for(GxM 8)
21ALDD001 - [email protected]/t from 60m for(GxM 1)
21ALDD001 - [email protected]/t from 67m for(GxM 1)
21ALDD001 - [email protected]/t from 81m for(GxM 8)
21ALDD001 - [email protected]/t from 92m for(GxM 2)
21ALDD001 - [email protected]/t from 102m for(GxM 15)
21ALDD001 - [email protected]/t from 117m for(GxM 15)
21ALRC001 325443 6570421 427 -90 360 84 21ALRC001 - [email protected]/t from 1m for(GxM 3)
22ALRC001 325381 6570067 420 -46 171 36 22ALRC001 - [email protected]/t from 0m for(GxM 1)
22ALRC001 - [email protected]/t from 25m for(GxM 1)
22ALRC002 325381 6570079 420 -50 170 56 22ALRC002 - [email protected]/t from 0m for(GxM 1)
22ALRC002 - [email protected]/t from 38m for(GxM 1)
22ALRC003 325383 6570091 421 -56 184 72 22ALRC003 - [email protected]/t from 10m for(GxM 1)
22ALRC003 - [email protected]/t from 21m for(GxM 1)
22ALRC003 - [email protected]/t from 31m for(GxM 22)
22ALRC003 - [email protected]/t from 65m for(GxM 2)
22ALRC004 325399 6570092 420 -49 171 66 22ALRC004 - [email protected]/t from 28m for(GxM 72)
22ALRC004 - [email protected]/t from 42m for(GxM 9)
22ALRC005 325395 6570105 421 -52 169 86 22ALRC005 - [email protected]/t from 34m for(GxM 12)
22ALRC005 - [email protected]/t from 47m for(GxM 2)
22ALRC005 - [email protected]/t from 55m for(GxM 2)
22ALRC005 - [email protected]/t from 71m for(GxM 12)
22ALRC005 - [email protected]/t from 79m for(GxM 9)
22ALRC006 325440 6570078 420 -46 170 56 22ALRC006 - [email protected]/t from 0m for(GxM 2)
22ALRC007 325439 6570091 420 -48 170 54 22ALRC007 - [email protected]/t from 0m for(GxM 1)
22ALRC007 - [email protected]/t from 5m for(GxM 2)
22ALRC007 - [email protected]/t from 24m for(GxM 4)
Hole ID Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
**Dip ** Azimuth
(MGA94)
EOH
(m)
Intersection calculated using
0.5 g/t cut off and up to 3m internal dilution
22ALRC008 325437 6570103 420 -51 170 66 22ALRC008 - [email protected]/t from 7m for(GxM 1)
22ALRC008 - [email protected]/t from 33m for(GxM 3)
22ALRC008 - [email protected]/t from 42m for(GxM 2)
22ALRC009 325434 6570116 421 -50 172 78 22ALRC009 - [email protected]/t from 43m for(GxM 6)
22ALRC009 - [email protected]/t from 61m for(GxM 1)
22ALRC010 325400 6570070 419 -43 170 36 22ALRC010 - [email protected]/t from 1m for(GxM 3)
22ALRC010 - [email protected]/t from 24m for(GxM 5)
22ALRC011 325403 6570081 420 -46 171 54 22ALRC011 - [email protected]/t from 0m for(GxM 1)
22ALRC011 - [email protected]/t from 11m for(GxM 7)
22ALRC011 - [email protected]/t from 33m for(GxM 25)
22ALRC012 325420 6570075 419 -47 173 36 22ALRC012 - [email protected]/t from 1m for(GxM 1)
22ALRC012 - [email protected]/t from 27m for(GxM 1)
22ALRC013 325420 6570084 420 -48 170 54 22ALRC013 - [email protected]/t from 1m for(GxM 1)
22ALRC013 - [email protected]/t from 3m for(GxM 1)
22ALRC013 - [email protected]/t from 35m for(GxM 1)
22ALRC014 325417 6570097 420 -51 172 66 22ALRC014 - [email protected]/t from 45m for(GxM 10)
22ALRC014 - [email protected]/t from 59m for(GxM 1)
22ALRC015 325414 6570111 421 -51 170 78 22ALRC015 - [email protected]/t from 46m for(GxM 2)
22ALRC015 - [email protected]/t from 53m for(GxM 9)
22ALRC015 - [email protected]/t from 61m for(GxM 1)
22ALRC015 - [email protected]/t from 70m for(GxM 1)
22ALRC016 325457 6570107 421 -51 167 66 22ALRC016 - [email protected]/t from 25m for(GxM 1)
22ALRC016 - [email protected]/t from 50m for(GxM 1)
22ALRC017 325455 6570120 421 -51 168 78 22ALRC017 - [email protected]/t from 24m for(GxM 1)
22ALRC017 - [email protected]/t from 33m for(GxM 1)
22ALRC017 - [email protected]/t from 38m for(GxM 4)
22ALRC017 - [email protected]/t from 45m for(GxM 1)
22ALRC017 - [email protected]/t from 57m for(GxM 2)
22ALRC017 - [email protected]/t from 64m for(GxM 1)
22ALRC018 325530 6570256 424 -50 90 137 NA
22ALRC019 325509 6570225 424 -46 144 210 22ALRC019 - [email protected]/t from 57m for(GxM 1)
22ALRC019 - [email protected]/t from 144m for(GxM 11)
22ALRC020 325509 6570301 424 -46 141 210 22ALRC020 - [email protected]/t from 8m for(GxM 6)
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.
Diagrams Accurate plans are included in this announcement.
Balanced reporting Drilling results are reported in a balanced reporting style.
FML drill assay results and historic drill hole results are predominantly available on
WAMEX.
Other substantive
exploration data
There is no other material exploration data to report at this time.
Further work Future works at Alicia and Empress are under review.

Market Announcement | Page 73 of 96

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 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.
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 mining data was used to guide the geological
interpretation of the mineralisation.

Knowledge and information generated from the Empress open pit and underground,
Dreadnaught and Tindals mining operations also guided the interpretation.

An approximate cut-off grade of 0.5g/t was implemented.

At Alicia, the two distinctly different zones of mineralisation were modified from the
July 2021 Alicia MRE in Seequent Leapfrog Geo software on a sectional basis.

Only minor modifications to the steeply dipping N-S lodes were made to include the
April 2022 drilling. The three continuous HG “core” lodes remain within the larger N-
S striking Lodes.

The southern “fold-nose” region was re-interpreted to more recent understandings
on the geological controls of mineralisation in the area.

The re-interpreted southern region has 9 NW-SE trending stacked flat dipping ~ 10°
to WNW lodes that are cross-cut by 5 WSW trending lodes that are moderately
steeply dipping ~ 70° WNW. These lodes link Alicia to Empress deposit.

At Empress 13 NNE to NE striking sub-vertical lodes that intersect one another were
interpreted. The WSW lodes at Empress aren’t as well developed as at Alicia and
have been interpreted as cross cutting the NNE lodes as a series of 17 stacked
lodes that also dip ~ 70° WNW.

Two remanent historic ROM pads from Tindals mining have been modelled. One
larger ROM covering the Northern N-S lodes and a smaller pad covering the
southern lodes.
Dimensions
The entire interpreted Alicia/Empress mineralisation extends over 400m.

The Northern, Alicia N -S trending sub-vertical lodes (6) extend over a 340m strike
length. The main N-S lode has been modelled from near surface to approximately
120m below surface. The average true thickness of the mineralised lodes is 2-5m.

The Southern lodes extend over 160m strike length and 140m below the surface to
the 280mRL and link Alicia to Empress

The Empress NNE lodes strike over a 240m and have been modelled to
approximately 130m below surface (290mRL).

The southern stacked WSW lodes at Empress and have limited strike ~ 90m and
extend approx. 150m below surface to the 280mRL.

The Northern ROM pad covers an area approx. 200m x 180m, while the Southern
ROM pad covers an area approx. 50m x 100m. The ROM pads vary from 2m to 7m
thick.
Estimation and
modelling
techniques

An Ordinary Kriging (OK) estimate was run using Datamine software, following the
process below:

Drill hole data was selected within mineralised lodes and then within the internal HG
core.

All domain boundaries were considered “hard” boundaries and no drill hole
information was used by another lode in the estimation. This includes the HG core
lodes and the southern intersecting lodes where priority was given to the 5
moderately dipping WSW lodes at Alicia. The NNE sub-vertical lodes at Empress
had priority over the WSW lodes.

All drill hole data was composited to 1m downhole intervals – 1m is the dominant
raw sampling interval.

The composited assay values of each lode were imported into Snowden Supervisor
for geostatistical analysis.

A review of histograms, probability plots and mean/variance plots for each lode
revealed some outlier sample values.

Top capping of higher Au values within each lode was carried out with Au values
above the cut-off grade reset to the cut-off grade. Not all lodes were top-cut.

The different lodes have different top-cuts as required, a maximum top-cap of
20ppm was used with an average of 7ppm Au.

Variography was modelled on data transformed to normal scores, the variogram
models were back transformed to original units before exporting.

Variography was performed on the individual lodes with larger sample numbers, in
total 23 variograms were modelled.

These models were shared with the other lodes of similar orientation and proximity.

The back-transformed variogram models had moderate to high nugget effects (19%
to 57% of total sill), with a range from 20m to 150m for the lodes.

No “unfolding” of the mineralised wireframes was required.

Estimation (via Ordinary Kriging) was into a non-rotated block model in MGA94
grid, with a parent block size of 5 mE x 10 mN x 5 mRL – this is about the average
drill spacing in the deposit. Sub-blocking was used to best fill the wireframes and
inherit the grade of the parent block.

The ellipsoid search parameters used the variogram ranges, with a minimum of 8
and maximum of 16 samples per block estimate was used. After the first pass 85%
of blocks had estimated. For un-estimated blocks after this first pass, the search
distance was expanded by a factor of two and the minimum number of samples
dropped to 4. In the second pass 12% of blocks estimated. A third pass was then
run with an increased search distance by a factor of four and the minimum number

Market Announcement | Page 75 of 96

of samples 3 (for the smaller Empress WSW lodes) or 4. Only 2.8% of blocks
estimated in the third search pass.

The estimate was validated by visually stepping through the estimated blocks and
sample data in Datamine. Comparing the estimated block statistics with composited
sample data and generate trend (Swath) plots to ensure the estimate was
honouring the trends of the data. Also, a review of the output parameters from the
estimation process like kriging variance, negative weights, search distances and
sample numbers.

After an initial estimation run and validation check, a few lodes with higher grade
values in sparsely drilled areas had a “distance limited search” function used
whereby grades above a certain cut-off (5ppm AU) were restricted to only estimate
blocks within a 10m search ellipse range. This helps to reduce the influence of
higher grades into blocks of fewer low grade sample points.

The two remanent ROM pads were estimated by using an Inverse Distance Squared
approach with a 150m isotropic search and a minimum of 4 samples and a
maximum of 18 samples. A top-cap of 3.5ppm Au was applied to the samples to
remove any high-grade outliers. The ROM pads estimated in a single search pass.
Moisture
Tonnages are estimated on a dry basis.
Cut-off parameters
The Mineral Resources at Alicia/Empress have been reported above a 0.7g/t cut-off
for open pit.

The ROM pads have been reported without a lower cut-off as it has already had a
cut-off applied during the mining process.
Mining factors or
assumptions

Alicia/Empress deposit would be mined by open-cut mining methods.
Metallurgical
factors or
assumptions

Two core samples from the 2021 diamond drilling at Alicia were submitted to ALS
Laboratories in July 2021 for gravity separation and direct cyanide leach testwork
and intensive cyanide leach testwork.

Results for the gravity gold recovery were between 48.1% to 75.9% while total
extraction was very high for both samples 95.5% to 96.4% with low cyanide
consumption.

Intensive cyanidation was conducted on the two whole ore samples ground to
75µm to test leach performance using aggressive leaching at a finer grind size.

Both samples had similar and slightly higher responses compared to the standard
gravity leach test outlined above.
Environmental
factors or
assumptions

The Alicia/Empress deposits sit within an area of previous ground disturbance to the
immediate North is the Tindals open pit and waste dump. A small trial pit currently
exists on the Empress deposit

There are no unforeseen environmental considerations that would prevent open pit
mining from re-commencing in the area.
Bulk density
Density values were assigned based on weathering profile using SG test work on
recently drilled FML diamond core samples and historic figures used in the region.
An average density of 1.8 for oxidised t/m3, 2.4 t/m3 for transitional and 2.85 t/m3 for
fresh rock were applied to the model.

A density of 1.7 t/m3 was applied to the ROM stockpiles.
Classification
Mineral Resources have been classified as either Indicated or Inferred based mainly
on geological confidence in the geometry and continuity of the lodes. 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.

Significant drilling exists mostly pattern drilled to 10m x 20m and the relatively
shallow modelling of mineralisation and high percentage of blocks estimating in the
first search pass therefore, the majority of the resource was classified as Indicated.
Minor extension of the interpretation in the WSW lodes at Alicia that lead to blocks
filling in the second search pass were constrained within a digitised wireframe and
classified Inferred. The smaller WSW lodes at Empress were classified as Inferred.
Audits or reviews
No external audits of the mineral resource have 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.

JORC Code, 2012 Edition – Table 1 Undaunted and Lady

Charlotte Deposits

Section 1 Sampling Techniques and Data

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

Criteria Commentary
Sampling
techniques

The information of sampling techniques below applies to the drill holes drilled by
Focus Minerals (FML).

RC percussion drill chips were collected through a cyclone and cone or riffle
splitter. Samples were collected on a 1m basis to achieve a sample weight of
approximately 3 - 5kg. The splitter was levelled at the beginning of each hole using
a bullseye level. The spoils were collected at 1m intervals and either placed directly
on the ground or collected in large “green bags”.

FML collected composite samples by spear sampling the 1m spoils and the
corresponding 1m samples collected off the drill rig were submitted if the composite
returned an assay >0.2ppm Au.

Eltins submitted 5m composites of RC drill chips for analysis and re-submitted 1m
samples where results returned >0.2ppm Au.

Matador and RJV submitted 4m composites by spear sampling the 1m spoils or 1m
RC chip samples from the rig splitter for analysis.
Drilling techniques All FML drilling was completed using a Reverse Circulation (RC) face sampling
hammer with booster auxiliary.
Eltins drilling was completed using an RC face sampling hammer.
Matador/RJV drilling was completed using an RC face sampling hammer.
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.
Historic sample recovery is poorly recorded.
Logging FML RC samples were geologically logged to record weathering, regolith, rock type,
colour, alteration, mineralisation, structure and texture and any other notable
features that are present.
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.
The entire length of all holes is logged.
RC chips were washed and stored in chip trays, while diamond core was orientated
and photographed prior to being ½ core sampled with remaining core stored at the
TMH core yard.
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 arepresent.

Market Announcement | Page 77 of 96

Sub-sampling
techniques and
sample preparation
FML RC samples were drilled dry to maximise recovery where possible. The use of
a booster and auxiliary compressor provide dry sample for depths below the water
table. Sample condition was recorded (wet, dry, or damp) at the time of sampling
and recorded in the database.

FML utilised various laboratories over the years, however most Undaunted
samples were sent to ALS. Samples were collected in a pre-numbered calico bag
bearing a unique sample ID. 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.
Initial 4m composite samples were analysed by 40g Aqua Regia. Where results
returned >0.2ppm Au, 1m samples were submitted for 40g Fire Assay.
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.
Regular reviews of the sampling were carried out by the supervising geologist and
senior field staff, to ensure all procedures were followed and best industry practice
carried out.
The sample sizes are considered to be appropriate for the type, style and
consistency of mineralisation encountered during this phase of exploration.
Etlin’s assay methodology is not stated.
Matador/RJV submitted assays for Fire Assay with 30g charge to ALS Laboratory.
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.
FML QAQC checks involved inserting a standard or blank every 10 to 20 samples. A
minimum of 1 standard was inserted for every sample batch submitted. Pulp
samples were submitted to a different laboratory for check sampling.
All results from assay standards and duplicates were scrutinised to ensure they fell
within acceptable tolerances.
Matador/RJV utilised lab repeats as part of their QAQC checks.
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
FML drill collars were surveyed after completion, using a DGPS instrument. Holes
were open hole surveyed upon completion of drilling using an electronic multi-shot
camera or north-seeking gyroscope tool whilst drilling was in progress.
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.
Eltin collar survey methods are unknown, no down-hole surveying was conducted.
Matador and RJV used electronic multi-shot camera for downhole surveys.
Data spacing and
distribution
Drill collars are on an approximate 10m x 10m narrow spacing along the core of the
deposit with 20m x 20m spacing at the extents of the deposit.
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.
Drill holes were oriented at right angles to strike of the main deposit, however given
the differing orientations of the Undaunted mineralisation not all holes were
orientated to best delineate the geology.
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.

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
All exploration was conducted on tenements 100% owned by Focus Minerals
Limited or its subsidiary companies Focus Operations Pty Ltd. All tenements are in
good standing.
Undaunted is primarily located on tenement M15/646, part of the Tindals Mining
Centre. The historically defined Lady Charlotte deposit area is on tenement
M15/1294 which is wholly surrounded by M15/646.
The Malinyu Ghoorlie 2017 and Maduwongga 2017 Claims cover the majority of the
Coolgardie tenure. At this stage no Coolgardie claims have progressed to
determined status.
Exploration done by
other parties

Lady Charlotte has been historically mined by underground shafts and drives.
Historic figures indicate 9,859 tonnes were mined at an average grade of 20.1g/t
Au.

Other exploration works carried out consisted of mapping, soil sampling, RAB, RC
and Diamond drilling, aerial surveys, ground magnetics.
Geology
Regionally the deposit is located on the western margin of the Archaean Norseman
– Menzies Greenstone Belt. The province is sub-divided into three Terranes, with
Undaunted occurring within the Kalgoorlie Terrane and further sub-divided into the
Coolgardie Domain. The dominant rock types throughout the Coolgardie Domain
are mafic to ultramafic volcanic rocks overlain by a thick succession of felsic
volcanic and volcaniclastic rocks which in turn are intruded by a suite of felsic to
intermediate porphyries and differentiated to undifferentiated dolerites and gabbros.

Locally the prospect is within an area of complex interactions between the Brilliant
Ultramafic, the underlying Lindsays Basalt and the felsic intrusives of the Bayleys
Porphyry Suite. The area is also structurally complex with N-NNE trending shears
and faults intersecting SW faults.

Mineralisation is associated with the diorite intrusions and quartz veining,
silicification and base metal sulphides.

Market Announcement | Page 79 of 96

Drill hole
Information

Historic drilling information has been validated against publicly available WAMEX
reports.

Historic drilling information has been validated against publicly available WAMEX
reports.

Historic drilling information has been validated against publicly available WAMEX
reports.

Historic drilling information has been validated against publicly available WAMEX
reports.
Company Drill Hole Number WAME
X
Report
A-
Numbe
r
WAME
X
Report
Date
ELTINS LC001, LC002, LC003, LC004, LC005, LC006,
LC007, LC008, LC010, LC011, LC012, LC013,
LC015,LC017,LC019
42470 Oct-94
MATADOR 05LCC001, 05LCC002, 05LCC005, 05LCC006,
05LCC007
72821 Jul-06
REDEMPTION
JV
06LCC016, 06LCC017 74513 Feb-07
FOCUS UNC015, UNC020, UNC021, UNC022, UNC024,
UNC025, UNC026, UNC028, UNC029, UNC030,
UNC031, UNC032, UNC033, UNC034, UNC035,
UNC036, UNC037, UNC038, UNC039, UNC040,
UNC042, UNC043, UNC044, UNC045, UNC046,
UNC047, UNC048, UNC049, UNC050, UNC051,
UNC052, UNC053, UNC054, UNC055, UNC056,
UNC057, UNC058, UNC059, UNC060, UNC065,
UNC066, UNC067, UNC068, UNC069, UNC070,
UNC072, UNC073, UNC074, UNC077, UNC078,
UNC079, UNC081, UNC082, UNC083, UNC085,
UNC086, UNC087, UNC089, UNC090, UNC093,
UNC094, UNC095, UNC129, UNC130, UNC132,
UNC133, UNC134, UNC135, UNC140, UNC141,
UNC142, UNC143, UNC144, UNC145, UNC146,
UNC148, UNC149, UNC150, UNC153, UNC232,
UNC234, UNC236, UNC240, UNC244, UNC245,
UNC246, UNC247, UNC248, UNC249, UNC250,
UNC251, UNC252, UNC253, UNC256, UNC257,
UNC258, UNC259, UNC260, UNC261, UNC262,
UNC263, UNC264, UNC266, UNC267, UNC269,
UNC270, UNC273, UNC274, UNC275, UNC276,
UNC277, UNC278, UNC279, UNC280, UNC281,
UNC282, UNC283, UNC284, UNC285, UNC290,
UNC291, UNC292, UNC293, UNC294, UNC295,
UNC300, UNC301, UNC303, UNC304, UNC305,
UNC307
92766 Feb-11
UNC322, UNC324, UNC327, UNC328, UNC329,
UNC330, UNC331, UNC332, UNC333, UNC334,
UNC335, UNC336, UNC337, UNC338, UNC339,
UNC340,UNC375,UNC425,UNC426
96924 Feb-13
TND1515 107812 Feb-16

Focus drilling information NOT available

Focus drilling information NOT available

Focus drilling information NOT available

Focus drilling information NOT available
WAMEX reports. WAMEX reports.
DRILL
TYPE
HOLE ID EAST NORTH RL DEPTH
(m)
AZIMUTH DIP
RC UNC001 326279.9 6570910 426.27 48 90.04 -60
RC UNC002 326271 6570907 425.81 48 90.04 -60
RC UNC003 326280.3 6570930 426.55 48 90.04 -60
RC UNC004 326270 6570930 425.45 48 90.04 -60
RC UNC006 326280.3 6570885 426.29 48 90.04 -60
RC UNC007 326269.7 6570890 426.43 48 90.04 -60
RC 20UNRC
001
326275.6 6570910 427.73 78 89.74 -59.97
RC 20UNRC
002
326405.9 6570897 432.46 72 91.16 -60.69
RC 20UNRC
003
326403.2 6570707 432.23 138 269.35 -50.86
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.
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.
Diagrams Accurate plans are included in this announcement.
Balanced reporting Drilling results are reported in a balanced reporting style.
FML drill assay results and historic drill hole results are predominantly available on
WAMEX.
Other substantive
exploration data
There is no other material exploration data to report at this time.
Further work A review of the revised modelling and estimation is underway, with respect to
planning future drillholes.

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 were 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 programs 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:

Market Announcement | Page 81 of 96


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 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 conducted regular site visits throughout 2021.
Hannah Kosovich, the Competent Person for Section 3 of Table 1 is FML’s Resource
Geologist and visited site in 2014.
Geological
interpretation

All available drill hole and pit mapping data was used to guide the geological
interpretation of the mineralisation.

The mineralised geological interpretation was completed using Seequent Leapfrog
software on a section-by-section basis.

A total of 28 lodes were modelled, an additional 9 lodes have been interpreted as
splays coming off the main NNE trending lode. While the lodes all follow the same N-
NNE trend they are clustered in five sets of 4 – 8 veins surrounding the main NE lode.
All lodes are thin and dip sub-vertically to the East.
Dimensions
Mineralisation has been modelled over 570m strike and have been interpreted from
near surface to approx. 140m below surface. The average thickness of the individual
lodes varies from 1m up to 10m thick.
Estimation and
modelling
techniques

An Ordinary Kriging (OK) estimate was run using Datamine software, following the
process below:

Drill hole data was selected within mineralised lodes, boundaries between each
lode were considered hard boundaries and no data is shared between lodes. All
drill hole data was composited to 1m downhole intervals – 1m is the dominant
sampling interval.

The composited data was imported into Supervisor software for statistical and
geostatistical analysis.

After a review of the individual lode statistics, higher Au samples that were outliers
to the main population were “top-capped” to a selected value for each lode. An
average of 5ppm Au was used with a maximum of 12ppm Au.

Variography was modelled on data transformed to normal scores, the variogram
models were back transformed to original units before exporting.

Variography was performed on the individual lodes with larger sample numbers, in
total 6 variograms were modelled. These models were shared with the other lodes
that fell within that domain of similar orientation and proximity.

The back-transformed variogram models had moderate nugget effects (20 to 34%
of total sill), with a range from 30m for the smaller lodes to 139m for the Main lode.

Estimation (via Ordinary Kriging) was into a non-rotated block model in MGA94
grid, with a parent block size of 5 mE x 10 mN x 5 mRL – this is about the average
drill spacing in the deposit. Sub-blocking was used to best fill the wireframes and
inherit thegrade of theparent block.

The ellipsoid search parameters used the variogram ranges, with a minimum of 8
and maximum of 18 samples per block estimate was used. After the first pass 46%
of blocks had estimated. For un-estimated blocks after this first pass, the search
distance was expanded by a factor of two and the minimum number of samples
dropped to 4. In the second pass 43% of blocks estimated. A third pass was then
run with an increased search distance by a factor of four and the same minimum
number of samples. The remaining 11% of blocks estimated in the third search
pass. The poor estimation of blocks is attributed to fact most drillholes are shallow
and few targeted the mineralization at depth.


The estimate was validated by visually stepping through the estimated blocks and
sample data in Datamine. Comparing the estimated block statistics with composited
sample data and generate trend (Swath) plots to ensure the estimate was
honouring the trends of the data. Also, a review of the output parameters from the
estimation process like kriging variance, negative weights, search distances and
sample numbers.
Moisture
Tonnages are estimated on a dry basis.
Cut-off parameters
The Resources for Undaunted have been reported above a 0.5g/t Au cut-off and
above the 340mRL. This is based on an AUD $2,200 gold price and processing
through FML’s TMH Mill.
Mining factors or
assumptions

FML anticipates mining by open pit methods with ore to be processed through the
Three Mile Hill plant some 6km to the north of Undaunted.
Metallurgical
factors or
assumptions
Environmental
factors or
assumptions

The deposits occur within an area of significant previous ground disturbance including
open pits and waste dumps.
Bulk density
Density values were assigned based weathering profile, using the values from the
previous MRE that are based on the typical averages for the Coolgardie region.

An oxide density of 1.80t/m3: transitional 2.40 t/m3 and 2.80 t/m3 was used for fresh.
Classification
Mineral Resources have been classified as Inferred. Whilst there is close-spaced
drilling along strike of the deposit and a large proportion of FML drill holes the shallow
nature of the drilling resulting in a large proportion of the resource filling in the second
search pass, the deposit has been classed as Inferred.

Some blocks with low drill density at depth were set as unclassified and not reported.
Audits or reviews
No independent audits or reviews of the mineral resource estimate have 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.

Market Announcement | Page 83 of 96

JORC Code, 2012 Edition – Table 1 for Central

Coolgardie Gold Project Low grade Stockpiles and Tails

Section 1 Sampling Techniques and Data

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

Criteria Commentary
Sampling
techniques

This report relates to results from Reverse Circulation (RC) drilling. The information
of sampling techniques below applies to the drill holes drilled by Focus Minerals
(FML) only.

RC percussion drill chips were collected through a cyclone and cone splitter.
Samples were collected on a 1m basis through the targeted stockpiles and tails
deposits.

RC chips were passed through a cone splitter to achieve a sample weight of
approximately 3kg. The splitter was levelled at the beginning of each hole using a
bullseye level. At the assay laboratory all samples were oven dried before being
pulverized to 90% passing 75μm. The samples were then prepared for fire assay.
Drilling techniques
FML drilling was completed using an RC face sampling hammer.

Hole were not down hole surveyed due to short length and orientation as vertical
holes were used. All collars were picked up with high resolution DGPS and drone
surveys were also used to improve topography control
Drill sample
recovery

FML Sample recovery was recorded by a visual estimate during the logging
process.

All RC samples were drilled dry
Logging
All RC samples were geologically logged to primarily record the boundary of the
deposit and any variations in oxidation state.

The logging information was recorded into acQuire format using a Toughbook
notepad and then 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.

The entire length of all holes is logged.
Sub-sampling
techniques and
sample
preparation

RC samples were cone 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.

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 determined by a 30g to 50g fire
assay 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.

A standard is inserted every 20th sample and all batches delivered to the lab have
at least three standards in them.

Regular reviews of the sampling were carried out by the supervising geologist and
senior field staff, to ensure all procedures were followed and best industry practice
carried out.

The sample sizes were considered to be appropriate for the type, style and
Criteria Commentary
consistency of mineralisation encountered during this phase of exploration.
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.

Normally if old historic drilling was present, twinned holes are occasionally drilled to
test the veracity of historic assay data; however, no twinned holes were drilled
during this program.

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.

Historic holes were validated against paper copies and WAMEX reports where
possible.
Location of data
points

FML drill collars were surveyed after completion, using a DGPS instrument.

As holes were vertical and very short no down hole dip/azimuth surveys were
required.

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 and drones.
Data spacing and
distribution

RC drill spacing was better or equal to 15m x 15m
Orientation of data
in relation to
geological
structure

Drill holes were vertical and generally oriented at right angles to the flat lying
deposits
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.
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 85 of 96

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

All exploration was conducted on tenements 100% owned by Focus Minerals
Limited or its subsidiary companies Focus Operations Pty Ltd. All tenements are in
good standing.
The Malinyu Ghoorlie 2017 Claim cover the majority of the Coolgardie tenure. At this
stage no Coolgardie claims have progressed to determined status.
Exploration done
by other parties

The targeted stockpiles and tails have negligible amounts of previous sampling
Geology
The stockpiles and tails come from a variety of sources:

Three Mile Hill Stockpile is comprised of Low Grade mined by FML at the
adjacent Greenfields open pit 2012 – 2013

Tindals East stockpile is composed of material mined by FML from the adjacent
Tindals UG to 2012

Bayleys, Redemption, Queen of Sheba. Lyndsays tails are all sourced from the
Bayleys/Lyndsays gold system and have been previously processed

Golden Bar tails are from unknown source but, are likely to have been mined
from underground on the SE continuation of the Bayleys system. These tails
have been previously processed.
Drill hole
Information

New holes drilled by FML in 2023:
Hole ID
Easting Northing
RL
Dip Azimuth EOH
Intersection calculated using
(MGA94) (m)
0.4g/t cut off and up to 2m internal dilution
23CGRC001 326835 6574942 400 -90
0
3
23CGRC001 - [email protected]/t from 0m for(GxM 0.54)
23CGRC002 326848 6574948 400 -90
0
3
NA
23CGRC003 326862 6574954 400 -90
0
3
23CGRC003 - [email protected]/t from 2m for(GxM 0.47)
23CGRC004 326876 6574961 400 -90
0
3
23CGRC004 - [email protected]/t from 0m for(GxM 1.78)
23CGRC005 326889 6574967 400 -90
0
3
23CGRC005 - [email protected]/t from 0m for(GxM 1.84)
23CGRC006 326897 6574974 400 -90
0
3
23CGRC006 - [email protected]/t from 1m for(GxM 0.4)
23CGRC007 326891 6574985 400 -90
0
3
23CGRC007 - [email protected]/t from 0m for(GxM 0.63)
23CGRC008 326883 6574981 400 -90
0
3
23CGRC008 - [email protected]/t from 0m for(GxM 1.28)
23CGRC009 326870 6574975 400 -90
0
3
NA
23CGRC010 326856 6574968 400 -90
0
3
23CGRC010 - [email protected]/t from 0m for(GxM 0.7)
23CGRC011 326843 6574962 400 -90
0
3
23CGRC011 - [email protected]/t from 0m for(GxM 0.49)
23CGRC012 326829 6574956 400 -90
0
3
23CGRC012 - [email protected]/t from 0m for(GxM 1)
23CGRC013 326823 6574969 400 -90
0
3
23CGRC013 - [email protected]/t from 0m for(GxM 2.25)
23CGRC014 326836 6574976 400 -90
0
3
NA
23CGRC015 326850 6574982 400 -90
0
3
23CGRC016 326863 6574988 400 -90
0
3
23CGRC016 - [email protected]/t from 0m for(GxM 0.44)
23CGRC017 326877 6574994 400 -90
0
3
23CGRC017 - [email protected]/t from 0m for(GxM 1.64)
23CGRC018 326885 6574998 400 -90
0
3
23CGRC018 - [email protected]/t from 0m for(GxM 1.24)
23CGRC022 326455 6573875 410 -90
0
3
23CGRC022 - [email protected]/t from 1m for(GxM 0.4)
23CGRC023 326462 6573861 409 -90
0
2
NA
23CGRC024 326471 6573848 409 -90
0
2
23CGRC024 - [email protected]/t from 0m for(GxM 0.95)
23CGRC025 326483 6573856 409 -90
0
2
23CGRC025 - [email protected]/t from 0m for(GxM 0.4)
23CGRC026 326475 6573868 409 -90
0
2
23CGRC026 - [email protected]/t from 0m for(GxM 0.49)
23CGRC027 326468 6573881 410 -90
0
3
23CGRC027 - [email protected]/t from 0m for(GxM 1.21)
23CGRC028 326477 6573896 409 -90
0
2
NA
23CGRC029 326482 6573889 409 -90
0
2
23CGRC029 - [email protected]/t from 0m for(GxM 1.42)
23CGRC030 326488 6573876 409 -90
0
2
23CGRC030 - [email protected]/t from 0m for(GxM 0.43)
23CGRC031 326494 6573863 409 -90
0
2
NA
23CGRC032 326494 6573896 408 -90
0
2
NA
23CGRC033 326506 6573900 408 -90
0
2
NA
23CGRC034 326497 6573916 408 -90
0
2
NA
(MGA 94 Zone 51)
Criteria Commentary Commentary Commentary Commentary Commentary Commentary Commentary
Hole ID Easting Northing
RL
(MGA 94 Zone 51)
**Dip ** Azimuth
**(MGA94) **
EOH
(m)
Intersection calculated using
0.4g/t cut off and up to 2m internal dilution
23CGRC035 326491 6573929 408 -90 0 2 NA
23CGRC036 326488 6573935 408 -90 0 2 NA
23CGRC037 326477 6573930 408 -90 0 2 NA
23CGRC038 326481 6573923 408 -90 0 2 NA
23CGRC039 326486 6573912 408 -90 0 2 NA
23CGRC040 326688 6573767 406 -90 0 2 NA
23CGRC041 326701 6573761 406 -90 0 2 NA
23CGRC042 326715 6573755 406 -90 0 2 NA
23CGRC043 326728 6573749 406 -90 0 2 NA
23CGRC044 326739 6573743 407 -90 0 2 NA
23CGRC045 326721 6573716 406 -90 0 2 NA
23CGRC046 326715 6573721 406 -90 0 2 NA
23CGRC047 326703 6573727 406 -90 0 2 NA
23CGRC048 326689 6573734 406 -90 0 2 NA
23CGRC049 326676 6573741 406 -90 0 2 NA
23CGRC050 326682 6573752 406 -90 0 2 NA
23CGRC051 326696 6573747 406 -90 0 2 NA
23CGRC052 326708 6573741 406 -90 0 2 NA
23CGRC053 326722 6573734 406 -90 0 2 NA
23CGRC054 326736 6573728 406 -90 0 2 NA
23CGRC055 327740 6572707 401 -90 0 3 23CGRC055 - [email protected]/t from 1m for(GxM 3.22)
23CGRC056 327732 6572696 402 -90 0 3 23CGRC056 - [email protected]/t from 0m for(GxM 3.6)
23CGRC057 327721 6572684 402 -90 0 2 23CGRC057 - [email protected]/t from 1m for(GxM 0.69)
23CGRC058 327717 6572678 402 -90 0 3 NA
23CGRC059 327723 6572672 402 -90 0 3 23CGRC059 - [email protected]/t from 0m for(GxM 1.61)
23CGRC060 327731 6572677 402 -90 0 3 23CGRC060 - [email protected]/t from 0m for(GxM 2.57)
23CGRC061 327739 6572689 402 -90 0 3 23CGRC061 - [email protected]/t from 0m for(GxM 2.33)
23CGRC062 327749 6572700 402 -90 0 3 23CGRC062 - [email protected]/t from 0m for(GxM 1.41)
23CGRC063 327760 6572690 402 -90 0 3 23CGRC063 - [email protected]/t from 2m for(GxM 0.8)
23CGRC064 327751 6572679 402 -90 0 3 23CGRC064 - [email protected]/t from 0m for(GxM 3.4)
23CGRC065 327742 6572667 402 -90 0 3 23CGRC065 - [email protected]/t from 0m for(GxM 5.96)
23CGRC066 327738 6572661 402 -90 0 2 23CGRC066 - [email protected]/t from 0m for(GxM 3)
23CGRC067 327752 6572658 402 -90 0 2 23CGRC067 - [email protected]/t from 0m for(GxM 0.54)
23CGRC068 327762 6572669 403 -90 0 3 23CGRC068 - [email protected]/t from 0m for(GxM 1.67)
23CGRC069 327769 6572680 402 -90 0 3 NA
23CGRC070 327783 6572669 402 -90 0 2 23CGRC070 - [email protected]/t from 0m for(GxM 0.59)
23CGRC071 327774 6572660 402 -90 0 3 23CGRC071 - [email protected]/t from 0m for(GxM 2.92)
23CGRC072 327765 6572648 402 -90 0 2 23CGRC072 - [email protected]/t from 0m for(GxM 3.13)
23CGRC073 327751 6572648 402 -90 0 2 23CGRC073 - [email protected]/t from 0m for(GxM 1.42)
23CGRC074 327755 6572637 401 -90 0 2 23CGRC074 - [email protected]/t from 0m for(GxM 3.31)
23CGRC075 327749 6572627 401 -90 0 2 23CGRC075 - [email protected]/t from 0m for(GxM 3.23)
23CGRC076 327760 6572618 402 -90 0 2 23CGRC076 - [email protected]/t from 0m for(GxM 1.22)
23CGRC077 327772 6572609 403 -90 0 2 23CGRC077 - [email protected]/t from 0m for(GxM 1.3)
23CGRC078 327778 6572617 402 -90 0 2 23CGRC078 - [email protected]/t from 0m for(GxM 1.28)
23CGRC079 327786 6572629 402 -90 0 2 23CGRC079 - [email protected]/t from 0m for(GxM 0.86)
23CGRC080 327795 6572643 402 -90 0 2 23CGRC080 - [email protected]/t from 0m for(GxM 1.34)
23CGRC081 327801 6572649 402 -90 0 2 NA
23CGRC082 327793 6572659 402 -90 0 2 23CGRC082 - [email protected]/t from 0m for(GxM 0.58)
23CGRC083 327785 6572650 402 -90 0 2 23CGRC083 - [email protected]/t from 0m for(GxM 1.91)
23CGRC084 327778 6572642 402 -90 0 2 23CGRC084 - [email protected]/t from 0m for(GxM 2.53)
23CGRC085 327767 6572627 402 -90 0 2 23CGRC085 - [email protected]/t from 0m for(GxM 2.3)
23CGRC086 326214 6570648 438 -90 0 6 23CGRC086 - [email protected]/t from 0m for(GxM 2.46)
23CGRC087 326213 6570659 438 -90 0 6 23CGRC087 - [email protected]/t from 0m for(GxM 4.97)
23CGRC088 326213 6570669 437 -90 0 6 23CGRC088 - [email protected]/t from 0m for(GxM 17.75)
23CGRC089 326207 6570660 437 -90 0 6 23CGRC089 - [email protected]/t from 0m for(GxM 4.23)
23CGRC090 326207 6570650 437 -90 0 6 23CGRC090 - [email protected]/t from 0m for(GxM 1.1)
23CGRC091 326204 6570632 438 -90 0 6 23CGRC091 - [email protected]/t from 2m for(GxM 1.9)
23CGRC092 326195 6570639 438 -90 0 6 23CGRC092 - [email protected]/t from 0m for(GxM 0.47)
23CGRC092 326195 6570639 438 -90 0 6 23CGRC092 - [email protected]/t from 3m for(GxM 2.2)
23CGRC093 326189 6570630 438 -90 0 6 23CGRC093 - [email protected]/t from 2m for(GxM 2.23)
23CGRC094 326183 6570638 438 -90 0 6 23CGRC094 - [email protected]/t from 2m for(GxM 0.45)
23CGRC094 - [email protected]/t from 4m for(GxM 1.12)
23CGRC095 326169 6570637 438 -90 0 6 NA

Market Announcement | Page 87 of 96

Hole ID Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
Easting Northing
RL
(MGA 94 Zone 51)
**Dip ** Azimuth
**(MGA94) **
EOH
(m)
Intersection calculated using
0.4g/t cut off and up to 2m internal dilution
23CGRC096 326148 6570637 437 -90 0 6 23CGRC096 - [email protected]/t from 2m for(GxM 1.94)
23CGRC097 326127 6570630 436 -90 0 6 23CGRC097 - [email protected]/t from 2m for(GxM 1.27)
23CGRC098 326117 6570630 435 -90 0 5 23CGRC098 - [email protected]/t from 0m for(GxM 0.45)
23CGRC098 - [email protected]/t from 2m for(GxM 2.48)
23CGRC099 326107 6570630 434 -90 0 4 NA
23CGRC100 326098 6570630 433 -90 0 3 23CGRC100 - [email protected]/t from 2m for(GxM 0.7)
23CGRC101 326088 6570630 432 -90 0 2 NA
23CGRC191 324732 6569784 439 -90 0 1 NA
23CGRC192 324734 6569796 439 -90 0 1 NA
23CGRC193 324735 6569804 440 -90 0 1 NA
23CGRC194 324736 6569791 439 -90 0 1 NA
23CGRC195 324744 6569785 438 -90 0 1 NA
23CGRC196 324735 6569778 438 -90 0 1 NA
23CGRC197 324728 6569774 439 -90 0 1 NA
23CGRC198 324753 6569756 435 -90 0 1 NA
23CGRC199 324765 6569760 435 -90 0 1 NA
23CGRC200 324776 6569762 434 -90 0 1 NA
23CGRC201 324771 6569768 434 -90 0 1 NA
23CGRC202 324766 6569753 434 -90 0 1 NA
23CGRC203 324760 6569753 435 -90 0 1 NA
23CGRC204 324798 6569737 432 -90 0 1 NA
23CGRC205 324805 6569745 432 -90 0 1 NA
23CGRC206 324795 6569751 432 -90 0 1 NA
23CGRC207 324791 6569743 432 -90 0 1 NA
23CGRC208 324792 6569738 432 -90 0 1 NA
23CGRC209 324817 6569714 430 -90 0 1 NA
23CGRC210 324830 6569715 430 -90 0 1 NA
23CGRC211 324844 6569716 430 -90 0 1 NA
23CGRC212 324848 6569723 430 -90 0 1 NA
23CGRC213 324838 6569724 430 -90 0 1 NA
23CGRC214 324839 6569708 430 -90 0 1 NA
23CGRC215 324835 6569700 430 -90 0 1 NA
23CGRC216 324830 6569696 430 -90 0 1 NA
23CGRC217 324826 6569706 430 -90 0 1 23CGRC217 - [email protected]/t from 0m for(GxM 0.41)
23CGRC218 324820 6569698 430 -90 0 1 NA
23CGRC219 324824 6569719 431 -90 0 1 23CGRC219 - [email protected]/t from 0m for(GxM 1.06)
23CGRC220 324923 6569721 431 -90 0 6 NA
23CGRC221 324917 6569715 431 -90 0 6 NA
23CGRC222 324911 6569707 431 -90 0 6 23CGRC222 - [email protected]/t from 2m for(GxM 1.7)
23CGRC223 324905 6569699 431 -90 0 6 23CGRC223 - [email protected]/t from 0m for(GxM 4.3)
23CGRC224 324904 6569679 430 -90 0 6 23CGRC224 - [email protected]/t from 2m for(GxM 3.4)
23CGRC225 324908 6569685 431 -90 0 6 23CGRC225 - [email protected]/t from 0m for(GxM 3.56)
23CGRC226 324913 6569693 431 -90 0 6 23CGRC226 - [email protected]/t from 0m for(GxM 36.7)
23CGRC227 324919 6569701 430 -90 0 6 23CGRC227 - [email protected]/t from 2m for(GxM 0.9)
23CGRC228 324925 6569709 431 -90 0 6 NA
23CGRC229 324931 6569717 431 -90 0 6 23CGRC229 - [email protected]/t from 0m for(GxM 0.82)
23CGRC230 324936 6569709 430 -90 0 6 NA
23CGRC231 324933 6569703 431 -90 0 6 23CGRC231 - [email protected]/t from 4m for(GxM 1.92)
23CGRC232 324927 6569695 430 -90 0 6 NA
23CGRC233 324922 6569687 430 -90 0 6 NA
23CGRC234 324916 6569679 430 -90 0 6 NA
23CGRC235 324911 6569672 430 -90 0 6 NA
23CGRC236 324917 6569666 429 -90 0 6 NA
23CGRC237 324924 6569673 429 -90 0 6 NA
23CGRC238 324930 6569681 430 -90 0 6 23CGRC238 - [email protected]/t from 0m for(GxM 1)
23CGRC239 324952 6569713 429 -90 0 4 23CGRC239 - [email protected]/t from 2m for(GxM 7.98)
23CGRC240 324960 6569708 428 -90 0 4 NA
23CGRC241 324966 6569695 426 -90 0 2 NA
23CGRC242 326308 6575456 405 -90 0 1 NA
23CGRC243 326316 6575469 406 -90 0 1 23CGRC243 - [email protected]/t from 0m for(GxM 0.57)
23CGRC244 326325 6575480 407 -90 0 2 23CGRC244 - [email protected]/t from 0m for(GxM 1.04)
23CGRC245 326339 6575490 407 -90 0 2 23CGRC245 - [email protected]/t from 0m for(GxM 1.16)
23CGRC246 326351 6575498 407 -90 0 2 23CGRC246 - [email protected]/t from 0m for(GxM 1.29)
23CGRC247 326364 6575506 406 -90 0 2 23CGRC247 - [email protected]/t from 0m for(GxM 1.2)
23CGRC248 326361 6575511 406 -90 0 2 23CGRC248 - [email protected]/t from 0m for(GxM 1.65)
Criteria Commentary Commentary Commentary Commentary Commentary Commentary Commentary
Hole ID Easting Northing
RL
(MGA 94 Zone 51)
**Dip ** Azimuth
**(MGA94) **
EOH
(m)
Intersection calculated using
0.4g/t cut off and up to 2m internal dilution
23CGRC249 326376 6575513 405 -90 0 2 23CGRC249 - [email protected]/t from 0m for(GxM 1.31)
23CGRC250 326390 6575521 404 -90 0 1 23CGRC250 - [email protected]/t from 0m for(GxM 0.65)
23CGRC251 326319 6575461 406 -90 0 2 23CGRC251 - [email protected]/t from 0m for(GxM 1.09)
23CGRC252 326330 6575472 406 -90 0 2 23CGRC252 - [email protected]/t from 0m for(GxM 1.02)
23CGRC253 326340 6575483 406 -90 0 2 23CGRC253 - [email protected]/t from 0m for(GxM 1.06)
23CGRC254 326355 6575494 406 -90 0 3 23CGRC254 - [email protected]/t from 0m for(GxM 1.16)
23CGRC255 326434 6575531 404 -90 0 2 23CGRC255 - [email protected]/t from 0m for(GxM 1.48)
23CGRC256 326443 6575550 404 -90 0 2 23CGRC256 - [email protected]/t from 0m for(GxM 1.24)
23CGRC257 326457 6575557 404 -90 0 2 23CGRC257 - [email protected]/t from 0m for(GxM 1.29)
23CGRC258 326471 6575563 404 -90 0 2 23CGRC258 - [email protected]/t from 0m for(GxM 1.45)
23CGRC259 326477 6575552 404 -90 0 2 23CGRC259 - [email protected]/t from 0m for(GxM 1.21)
23CGRC260 326463 6575544 405 -90 0 2 23CGRC260 - [email protected]/t from 0m for(GxM 1.34)
23CGRC261 326450 6575538 404 -90 0 2 23CGRC261 - [email protected]/t from 0m for(GxM 1.46)
23CGRC262 326486 6575537 403 -90 0 2 23CGRC262 - [email protected]/t from 0m for(GxM 1.14)
23CGRC263 326471 6575531 403 -90 0 2 23CGRC263 - [email protected]/t from 0m for(GxM 1.1)
23CGRC264 326459 6575525 403 -90 0 2 23CGRC264 - [email protected]/t from 0m for(GxM 0.6)
23CGRC265 326462 6575513 403 -90 0 2 23CGRC265 - [email protected]/t from 0m for(GxM 0.42)
23CGRC266 326476 6575520 404 -90 0 2 23CGRC266 - [email protected]/t from 0m for(GxM 1.05)
23CGRC267 326488 6575526 403 -90 0 2 23CGRC267 - [email protected]/t from 0m for(GxM 1.55)
23CGRC268 326078 6575182 410 -90 0 2 23CGRC268 - [email protected]/t from 0m for(GxM 0.92)
23CGRC269 326065 6575183 410 -90 0 2 23CGRC269 - [email protected]/t from 0m for(GxM 1.85)
23CGRC270 326049 6575184 410 -90 0 2 23CGRC270 - [email protected]/t from 0m for(GxM 4.87)
23CGRC271 326034 6575183 411 -90 0 2 23CGRC271 - [email protected]/t from 0m for(GxM 3.84)
23CGRC272 326002 6575153 411 -90 0 2 23CGRC272 - [email protected]/t from 0m for(GxM 8.9)
23CGRC273 326018 6575154 411 -90 0 2 23CGRC273 - [email protected]/t from 0m for(GxM 3.86)
23CGRC274 326032 6575154 411 -90 0 2 23CGRC274 - [email protected]/t from 1m for(GxM 0.87)
23CGRC275 326047 6575154 411 -90 0 2 23CGRC275 - [email protected]/t from 0m for(GxM 0.94)
23CGRC276 326062 6575154 411 -90 0 2 23CGRC276 - [email protected]/t from 0m for(GxM 1.22)
23CGRC277 326076 6575154 410 -90 0 2 23CGRC277 - [email protected]/t from 0m for(GxM 1.33)
23CGRC278 326064 6575138 411 -90 0 2 23CGRC278 - [email protected]/t from 0m for(GxM 0.88)
23CGRC279 326048 6575137 411 -90 0 2 23CGRC279 - [email protected]/t from 0m for(GxM 1)
23CGRC280 326033 6575138 411 -90 0 2 23CGRC280 - [email protected]/t from 0m for(GxM 0.9)
23CGRC281 326019 6575138 411 -90 0 2 23CGRC281 - [email protected]/t from 1m for(GxM 0.58)
23CGRC282 326006 6575137 411 -90 0 2 NA
23CGRC283 325990 6575260 409 -90 0 2 23CGRC283 - [email protected]/t from 0m for(GxM 0.45)
23CGRC284 325990 6575246 410 -90 0 2 23CGRC284 - [email protected]/t from 1m for(GxM 0.48)
23CGRC285 325975 6575215 411 -90 0 3 23CGRC285 - [email protected]/t from 1m for(GxM 1.24)
23CGRC286 325975 6575229 411 -90 0 3 23CGRC286 - [email protected]/t from 0m for(GxM 3.33)
23CGRC287 325975 6575245 411 -90 0 3 23CGRC287 - [email protected]/t from 1m for(GxM 0.55)
23CGRC288 325975 6575259 411 -90 0 3 23CGRC288 - [email protected]/t from 1m for(GxM 1.69)
23CGRC289 325975 6575274 411 -90 0 3 23CGRC289 - [email protected]/t from 0m for(GxM 1.37)
23CGRC290 325975 6575289 411 -90 0 3 23CGRC290 - [email protected]/t from 0m for(GxM 2.1)
23CGRC291 325962 6575285 411 -90 0 3 23CGRC291 - [email protected]/t from 0m for(GxM 1.83)
23CGRC292 325960 6575275 411 -90 0 3 23CGRC292 - [email protected]/t from 0m for(GxM 2.38)
23CGRC293 325961 6575260 411 -90 0 3 23CGRC293 - [email protected]/t from 0m for(GxM 1.5)
23CGRC294 325960 6575244 412 -90 0 3 23CGRC294 - [email protected]/t from 1m for(GxM 1.56)
23CGRC295 325961 6575230 412 -90 0 3 23CGRC295 - [email protected]/t from 2m for(GxM 1.1)
23CGRC296 325961 6575215 411 -90 0 3 23CGRC296 - [email protected]/t from 1m for(GxM 1.07)
23CGRC297 325945 6575215 412 -90 0 3 23CGRC297 - [email protected]/t from 0m for(GxM 1.64)
23CGRC298 325944 6575229 412 -90 0 3 23CGRC298 - [email protected]/t from 0m for(GxM 2)
23CGRC299 325945 6575245 412 -90 0 3 23CGRC299 - [email protected]/t from 1m for(GxM 1.59)
23CGRC300 325945 6575260 412 -90 0 3 23CGRC300 - [email protected]/t from 0m for(GxM 2.54)
23CGRC301 325944 6575276 411 -90 0 3 23CGRC301 - [email protected]/t from 0m for(GxM 3.43)
23CGRC302 325946 6575284 411 -90 0 3 23CGRC302 - [email protected]/t from 0m for(GxM 3.09)
23CGRC303 325930 6575290 412 -90 0 3 23CGRC303 - [email protected]/t from 0m for(GxM 2.23)
23CGRC304 325927 6575276 412 -90 0 3 23CGRC304 - [email protected]/t from 1m for(GxM 2.24)
23CGRC305 325930 6575260 412 -90 0 3 23CGRC305 - [email protected]/t from 0m for(GxM 2.86)
23CGRC306 325931 6575246 412 -90 0 3 23CGRC306 - 3m@1g/t from 0m for(GxM 3.01)
23CGRC307 325932 6575228 412 -90 0 3 23CGRC307 - [email protected]/t from 0m for(GxM 1.51)
23CGRC308 325930 6575215 413 -90 0 3 23CGRC308 - [email protected]/t from 0m for(GxM 2.57)
23CGRC309 325915 6575215 413 -90 0 3 23CGRC309 - 3m@1g/t from 0m for(GxM 3)
23CGRC310 325915 6575230 411 -90 0 3 23CGRC310 - [email protected]/t from 0m for(GxM 0.41)
23CGRC310 - [email protected]/t from 2m for(GxM 0.42)

Market Announcement | Page 89 of 96

Criteria Commentary
Hole ID
Easting Northing
RL
Dip Azimuth EOH
Intersection calculated using
(MGA94) (m)
0.4g/t cut off and up to 2m internal dilution
23CGRC311 325914 6575241 411 -90
0
3
23CGRC311 - [email protected]/t from 0m for(GxM 2.15)
23CGRC312 325901 6575246 411 -90
0
3
23CGRC312 - [email protected]/t from 0m for(GxM 3.68)
23CGRC313 325885 6575245 413 -90
0
3
23CGRC313 - [email protected]/t from 0m for(GxM 0.98)
23CGRC314 325871 6575260 413 -90
0
2
23CGRC314 - [email protected]/t from 0m for(GxM 0.55)
23CGRC315 325885 6575256 412 -90
0
2
23CGRC315 - [email protected]/t from 0m for(GxM 0.76)
23CGRC316 325898 6575258 412 -90
0
3
23CGRC316 - [email protected]/t from 0m for(GxM 0.64)
23CGRC317 325900 6575275 412 -90
0
3
23CGRC317 - [email protected]/t from 0m for(GxM 1.81)
23CGRC318 325900 6575290 412 -90
0
3
23CGRC318 - [email protected]/t from 0m for(GxM 1.77)
23CGRC319 325900 6575305 412 -90
0
3
23CGRC319 - [email protected]/t from 0m for(GxM 2.02)
23CGRC320 325883 6575299 412 -90
0
3
23CGRC320 - [email protected]/t from 0m for(GxM 1.01)
23CGRC321 325885 6575290 412 -90
0
3
23CGRC321 - [email protected]/t from 0m for(GxM 1.66)
23CGRC322 325871 6575290 411 -90
0
2
NA
23CGRC323 325872 6575275 412 -90
0
2
23CGRC323 - [email protected]/t from 0m for(GxM 0.65)
23CGRC324 325885 6575275 412 -90
0
3
23CGRC324 - [email protected]/t from 0m for(GxM 1.5)
23CGRC325 325856 6575290 413 -90
0
2
NA
23CGRC326 325858 6575300 413 -90
0
2
NA
23CGRC327 325854 6575304 413 -90
0
2
NA
23CGRC328 325794 6575215 415 -90
0
2
NA
23CGRC329 325809 6575215 415 -90
0
2
NA
23CGRC330 325824 6575214 415 -90
0
2
NA
23CGRC331 325824 6575200 415 -90
0
2
NA
23CGRC332 325839 6575201 415 -90
0
2
NA
23CGRC333 325810 6575200 415 -90
0
2
NA
23CGRC334 325795 6575200 414 -90
0
2
NA
23CGRC335 325795 6575186 414 -90
0
2
NA
23CGRC336 325811 6575185 415 -90
0
2
NA
23CGRC337 325823 6575185 415 -90
0
2
NA
23CGRC338 325840 6575185 415 -90
0
2
NA
23CGRC339 325840 6575170 415 -90
0
2
NA
23CGRC340 325825 6575172 415 -90
0
2
NA
23CGRC341 325810 6575169 415 -90
0
2
NA
23CGRC342 325795 6575170 414 -90
0
2
NA
23CGRC343 325796 6575156 415 -90
0
2
NA
23CGRC344 325810 6575155 414 -90
0
2
NA
23CGRC345 325841 6575140 413 -90
0
2
NA
23CGRC346 325852 6575124 413 -90
0
2
NA
23CGRC347 325868 6575122 414 -90
0
2
NA
23CGRC348 325842 6575111 413 -90
0
1
NA
23CGRC349 325853 6575108 413 -90
0
1
23CGRC349 - [email protected]/t from 0m for(GxM 0.49)
23CGRC350 325868 6575109 414 -90
0
2
NA
23CGRC351 325882 6575108 414 -90
0
2
NA
23CGRC352 325893 6575108 413 -90
0
2
NA
23CGRC353 325992 6575099 413 -90
0
2
NA
23CGRC354 325976 6575094 412 -90
0
2
23CGRC354 - [email protected]/t from 0m for(GxM 0.51)
23CGRC355 325973 6575108 412 -90
0
2
NA
23CGRC356 325972 6575122 412 -90
0
2
NA
23CGRC357 325978 6575138 412 -90
0
2
23CGRC357 - [email protected]/t from 0m for(GxM 0.96)
23CGRC358 325973 6575152 412 -90
0
2
23CGRC358 - 2m @ 1.44 g/t from 0m for (GxM 2.87)
23CGRC359 325983 6575141 412 -90
0
1
NA
23CGRC360 325958 6575112 413 -90
0
1
23CGRC360 - 1m @ 0.5 g/t from 0m for (GxM 0.5)
23CGRC361 325943 6575109 414 -90
0
2
NA
23CGRC362 325931 6575107 414 -90
0
1
NA
23CGRC363 325912 6575108 414 -90
0
2
NA
23CGRC364 325959 6575095 413 -90
0
1
NA
23CGRC365 325945 6575095 413 -90
0
2
23CGRC365 - 2m @ 0.97 g/t from 0m for (GxM 1.94)
23CGRC366 325930 6575095 413 -90
0
2
23CGRC366 - [email protected]/t from 1m for(GxM 0.53)
23CGRC367 325915 6575096 413 -90
0
2
23CGRC367 - [email protected]/t from 0m for(GxM 2.23)
23CGRC368 325900 6575095 413 -90
0
2
23CGRC368 - [email protected]/t from 0m for(GxM 2.11)
23CGRC369 325885 6575095 413 -90
0
2
NA
23CGRC370 325870 6575095 413 -90
0
2
NA
23CGRC371 325856 6575097 413 -90
0
2
23CGRC371 - [email protected]/t from 0m for(GxM 3.13)
23CGRC372 325842 6575096 413 -90
0
2
23CGRC372 - [email protected]/t from 0m for(GxM 1.52)
23CGRC373 325845 6575089 413 -90
0
2
23CGRC373 - [email protected]/t from 0m for(GxM 0.91)
(MGA 94 Zone 51)
Criteria Commentary
Hole ID
Easting Northing
RL
Dip Azimuth EOH
Intersection calculated using
(MGA94) (m)
0.4g/t cut off and up to 2m internal dilution
23CGRC374 325853 6575080 413 -90
0
2
NA
23CGRC375 325870 6575080 413 -90
0
2
NA
23CGRC376 325884 6575079 413 -90
0
2
23CGRC376 - [email protected]/t from 0m for(GxM 0.88)
23CGRC377 325899 6575080 412 -90
0
2
23CGRC377 - [email protected]/t from 1m for(GxM 0.71)
23CGRC378 325916 6575078 412 -90
0
2
23CGRC378 - [email protected]/t from 0m for(GxM 2.21)
23CGRC379 325930 6575077 413 -90
0
2
23CGRC379 - [email protected]/t from 0m for(GxM 1.36)
23CGRC380 325945 6575080 412 -90
0
2
NA
23CGRC381 325961 6575079 412 -90
0
2
23CGRC381 - [email protected]/t from 0m for(GxM 0.94)
23CGRC382 325974 6575079 412 -90
0
2
23CGRC382 - [email protected]/t from 1m for(GxM 0.69)
23CGRC383 325988 6575078 411 -90
0
2
23CGRC383 - [email protected]/t from 0m for(GxM 0.98)
23CGRC384 325975 6575065 411 -90
0
2
23CGRC384 - [email protected]/t from 1m for(GxM 0.61)
23CGRC385 325960 6575069 412 -90
0
2
NA
23CGRC386 325945 6575067 412 -90
0
2
NA
23CGRC387 325930 6575065 412 -90
0
2
23CGRC387 - [email protected]/t from 1m for(GxM 0.44)
23CGRC388 325915 6575064 412 -90
0
2
23CGRC388 - [email protected]/t from 1m for(GxM 0.76)
23CGRC389 325900 6575065 412 -90
0
2
23CGRC389 - [email protected]/t from 0m for(GxM 2.92)
23CGRC390 325885 6575065 413 -90
0
2
23CGRC390 - [email protected]/t from 0m for(GxM 0.49)
23CGRC391 325871 6575065 413 -90
0
2
23CGRC391 - [email protected]/t from 0m for(GxM 0.57)
23CGRC392 325855 6575065 412 -90
0
2
NA
23CGRC393 325855 6575050 412 -90
0
2
NA
23CGRC394 325870 6575050 412 -90
0
2
23CGRC394 - [email protected]/t from 0m for(GxM 0.77)
23CGRC395 325884 6575050 413 -90
0
2
23CGRC395 - [email protected]/t from 1m for(GxM 0.54)
23CGRC396 325885 6575036 412 -90
0
2
NA
23CGRC397 325899 6575051 412 -90
0
2
23CGRC397 - [email protected]/t from 0m for(GxM 0.87)
23CGRC398 326078 6575167 410 -90
0
2
23CGRC398 - [email protected]/t from 0m for(GxM 1.14)
23CGRC399 326064 6575166 411 -90
0
2
23CGRC399 - [email protected]/t from 0m for(GxM 2.36)
23CGRC400 326048 6575167 411 -90
0
2
23CGRC400 - [email protected]/t from 0m for(GxM 1.34)
23CGRC401 326032 6575167 411 -90
0
2
23CGRC401 - [email protected]/t from 0m for(GxM 1.3)
23CGRC402 326019 6575167 411 -90
0
2
23CGRC402 - [email protected]/t from 0m for(GxM 2.61)
23CGRC403 326004 6575167 411 -90
0
2
23CGRC403 - [email protected]/t from 0m for(GxM 1.93)
23CGRC404 325987 6575153 412 -90
0
2
23CGRC404 - [email protected]/t from 0m for(GxM 2.33)
23CGRC405 326019 6575183 411 -90
0
2
23CGRC405 - [email protected]/t from 0m for(GxM 2.76)
23CGRC406 326004 6575183 411 -90
0
2
23CGRC406 - [email protected]/t from 0m for(GxM 2.66)
23CGRC407 325989 6575184 411 -90
0
2
23CGRC407 - [email protected]/t from 0m for(GxM 1.15)
23CGRC408 325972 6575184 411 -90
0
2
23CGRC408 - [email protected]/t from 1m for(GxM 0.56)
23CGRC409 325957 6575181 414 -90
0
3
23CGRC409 - [email protected]/t from 0m for(GxM 2.26)
23CGRC410 325945 6575183 414 -90
0
3
23CGRC410 - [email protected]/t from 0m for(GxM 1.9)
23CGRC411 325929 6575182 414 -90
0
3
23CGRC411 - [email protected]/t from 0m for(GxM 2.1)
23CGRC412 325930 6575195 414 -90
0
3
23CGRC412 - [email protected]/t from 0m for(GxM 0.87)
23CGRC413 325929 6575167 414 -90
0
3
23CGRC413 - [email protected]/t from 0m for(GxM 0.99)
23CGRC414 325928 6575154 414 -90
0
3
23CGRC414 - 3m @ 1.23 g/t from 0m for (GxM 3.7)
23CGRC415 325928 6575138 414 -90
0
3
23CGRC415 - 3m @ 1.46 g/t from 0m for (GxM 4.38)
23CGRC416 325915 6575140 414 -90
0
3
23CGRC416 - 1m @ 0.85 g/t from 0m for (GxM 0.85)
23CGRC417 325900 6575139 416 -90
0
2
NA
23CGRC418 325886 6575139 417 -90
0
2
NA
23CGRC419 325883 6575124 415 -90
0
2
NA
23CGRC420 325897 6575124 415 -90
0
2
23CGRC420 - [email protected]/t from 1m for(GxM 0.46)
23CGRC421 325913 6575124 414 -90
0
2
NA
23CGRC422 325927 6575124 414 -90
0
2
23CGRC422 - [email protected]/t from 1m for(GxM 0.4)
23CGRC423 325943 6575125 414 -90
0
3
23CGRC423 - 2m @ 0.52 g/t from 1m for (GxM 1.03)
23CGRC424 325943 6575138 414 -90
0
3
23CGRC424 - [email protected]/t from 2m for(GxM 0.67)
23CGRC425 325942 6575154 413 -90
0
3
23CGRC425 - [email protected]/t from 0m for(GxM 1.11)
23CGRC426 325944 6575167 413 -90
0
3
23CGRC426 - [email protected]/t from 1m for(GxM 0.65)
23CGRC427 325958 6575167 413 -90
0
3
23CGRC427 - [email protected]/t from 0m for(GxM 3.31)
23CGRC428 325958 6575152 413 -90
0
3
23CGRC428 - 3m @ 0.6 g/t from 0m for (GxM 1.81)
23CGRC429 325958 6575139 414 -90
0
3
23CGRC429 - [email protected]/t from 1m for(GxM 0.74)
23CGRC430 325958 6575123 414 -90
0
3
23CGRC430 - [email protected]/t from 0m for(GxM 1.93)
23CGRC431 325950 6575199 412 -90
0
2
23CGRC431 - [email protected]/t from 0m for(GxM 4.25)
23CGRC432 325959 6575200 412 -90
0
2
23CGRC432 - [email protected]/t from 1m for(GxM 0.71)
23CGRC433 325974 6575203 411 -90
0
2
23CGRC433 - 2m @ 0.91 g/t from 0m for (GxM 1.82)
23CGRC434 325990 6575200 411 -90
0
2
23CGRC434 - [email protected]/t from 0m for(GxM 2.57)
23CGRC435 326004 6575199 411 -90
0
2
23CGRC435 - [email protected]/t from 0m for(GxM 2.8)
23CGRC436 326020 6575196 411 -90
0
2
23CGRC436 - [email protected]/t from 0m for(GxM 1.85)
(MGA 94 Zone 51)

Market Announcement | Page 91 of 96

Criteria Commentary Commentary Commentary Commentary Commentary Commentary Commentary Commentary
Hole ID Easting Northing
RL
(MGA 94 Zone 51)
**Dip ** Azimuth
**(MGA94) **
EOH
(m)
Intersection calculated using
0.4g/t cut off and up to 2m internal dilution
23DNRC102 325139 6569000 420 -90 0 3 NA
23DNRC103 325149 6569001 420 -90 0 4 NA
23DNRC104 325161 6569007 420 -90 0 3 NA
23DNRC105 325178 6569013 420 -90 0 3 NA
23DNRC106 325192 6569016 420 -90 0 3 NA
23DNRC107 325206 6569016 420 -90 0 3 NA
23DNRC108 325223 6569019 420 -90 0 3 NA
23DNRC109 325237 6569023 419 -90 0 3 NA
23DNRC110 325251 6569027 419 -90 0 3 NA
23DNRC111 325266 6569031 419 -90 0 3 NA
23DNRC112 325281 6569033 418 -90 0 3 NA
23DNRC113 325294 6569035 419 -90 0 3 NA
23DNRC114 325312 6569041 419 -90 0 3 23DNRC114 - [email protected]/t from 2m for(GxM 0.4)
23DNRC115 325307 6569051 419 -90 0 3 23DNRC115 - [email protected]/t from 1m for(GxM 0.46)
23DNRC116 325292 6569049 419 -90 0 3 NA
23DNRC117 325278 6569046 419 -90 0 3 NA
23DNRC118 325264 6569042 419 -90 0 3 23DNRC118 - [email protected]/t from 2m for(GxM 0.91)
23DNRC119 325249 6569039 419 -90 0 3 NA
23DNRC120 325234 6569035 419 -90 0 3 NA
23DNRC121 325220 6569032 420 -90 0 3 NA
23DNRC122 325205 6569029 420 -90 0 3 NA
23DNRC123 325190 6569026 420 -90 0 4 NA
23DNRC124 325175 6569022 420 -90 0 4 NA
23DNRC125 325162 6569019 420 -90 0 4 NA
23DNRC126 325146 6569016 420 -90 0 4 NA
23DNRC127 325133 6569012 420 -90 0 4 NA
23DNRC128 325130 6569028 420 -90 0 3 NA
23DNRC129 325142 6569030 420 -90 0 4 NA
23DNRC130 325157 6569034 421 -90 0 4 NA
23DNRC131 325172 6569037 421 -90 0 4 NA
23DNRC132 325186 6569041 421 -90 0 5 NA
23DNRC133 325201 6569044 421 -90 0 4 NA
23DNRC134 325215 6569047 420 -90 0 4 NA
23DNRC135 325230 6569050 420 -90 0 4 NA
23DNRC136 325245 6569054 420 -90 0 4 NA
23DNRC137 325259 6569057 420 -90 0 4 23DNRC137 - [email protected]/t from 3m for(GxM 0.76)
23DNRC138 325275 6569060 420 -90 0 4 NA
23DNRC139 325289 6569064 419 -90 0 4 NA
23DNRC140 325303 6569067 419 -90 0 4 NA
23DNRC141 325298 6569075 419 -90 0 4 NA
23DNRC142 325286 6569078 420 -90 0 4 NA
23DNRC143 325271 6569074 420 -90 0 4 NA
23DNRC144 325257 6569071 421 -90 0 4 NA
23DNRC145 325242 6569068 421 -90 0 4 NA
23DNRC146 325228 6569065 421 -90 0 3 NA
23DNRC147 325213 6569061 421 -90 0 4 NA
23DNRC148 325198 6569058 421 -90 0 4 NA
23DNRC149 325183 6569054 421 -90 0 4 NA
23DNRC150 325169 6569051 421 -90 0 4 NA
23DNRC151 325154 6569048 421 -90 0 4 NA
23DNRC152 325140 6569045 421 -90 0 4 NA
23DNRC153 325127 6569041 421 -90 0 4 NA
23DNRC154 325129 6569052 421 -90 0 4 23DNRC154 - [email protected]/t from 0m for(GxM 0.41)
23DNRC155 325136 6569054 421 -90 0 3 NA
23DNRC156 325149 6569060 421 -90 0 4 23DNRC156 - [email protected]/t from 2m for(GxM 1.62)
23DNRC157 325163 6569068 422 -90 0 3 23DNRC157 - [email protected]/t from 1m for(GxM 1.28)
23DNRC158 325165 6569066 422 -90 0 3 23DNRC158 - [email protected]/t from 1m for(GxM 0.41)
23DNRC159 325180 6569070 422 -90 0 3 NA
23DNRC160 325177 6569079 422 -90 0 2 NA
23DNRC161 325194 6569073 422 -90 0 3 23DNRC161 - [email protected]/t from 1m for(GxM 0.51)
23DNRC162 325192 6569084 422 -90 0 2 23DNRC162 - [email protected]/t from 1m for(GxM 0.44)
23DNRC163 325209 6569077 422 -90 0 4 23DNRC163 - [email protected]/t from 0m for(GxM 0.46)
Criteria Commentary Commentary Commentary Commentary Commentary Commentary Commentary
Hole ID Easting Northing
RL
(MGA 94 Zone 51)
**Dip ** Azimuth
**(MGA94) **
EOH
(m)
Intersection calculated using
0.4g/t cut off and up to 2m internal dilution
23DNRC164 325224 6569079 422 -90 0 4 NA
23DNRC165 325238 6569082 422 -90 0 4 NA
23DNRC166 325252 6569086 421 -90 0 4 23DNRC166 - [email protected]/t from 0m for(GxM 1.7)
23DNRC167 325268 6569089 421 -90 0 4 23DNRC167 - [email protected]/t from 1m for(GxM 0.41)
23DNRC168 325283 6569093 420 -90 0 3 23DNRC168 - [email protected]/t from 2m for(GxM 0.55)
23DNRC169 325291 6569109 418 -90 0 1 NA
23DNRC170 325307 6569099 418 -90 0 2 23DNRC170 - [email protected]/t from 0m for(GxM 0.58)
23DNRC171 325317 6569086 418 -90 0 2 NA
23DNRC172 325332 6569076 418 -90 0 2 NA
23DNRC173 325341 6569075 418 -90 0 1 NA
23DNRC174 325351 6569078 418 -90 0 2 NA
23DNRC175 325361 6569080 418 -90 0 2 NA
23DNRC176 325371 6569082 417 -90 0 2 NA
23DNRC177 325381 6569084 417 -90 0 2 NA
23DNRC178 325377 6569097 416 -90 0 2 NA
23DNRC179 325368 6569097 417 -90 0 2 NA
23DNRC180 325357 6569094 417 -90 0 2 NA
23DNRC181 325348 6569092 418 -90 0 2 23DNRC181 - [email protected]/t from 1m for(GxM 0.42)
23DNRC182 325338 6569090 417 -90 0 2 NA
23DNRC183 325327 6569087 418 -90 0 2 NA
23DNRC184 325322 6569104 417 -90 0 2 NA
23DNRC185 325336 6569109 417 -90 0 2 23DNRC185 - [email protected]/t from 1m for(GxM 0.42)
23DNRC186 325343 6569106 418 -90 0 2 NA
23DNRC187 325355 6569106 417 -90 0 2 NA
23DNRC188 325328 6569121 416 -90 0 2 23DNRC188 - [email protected]/t from 0m for(GxM 0.91)
23DNRC189 325316 6569118 416 -90 0 2 NA
23DNRC190 325302 6569113 418 -90 0 3 23DNRC190 - [email protected]/t from 0m for(GxM 0.42)
23TMRC001 327562 6576568 419 -90 0 6 23TMRC001 - [email protected]/t from 4m for(GxM 0.4)
23TMRC002 327570 6576553 418 -90 0 4 23TMRC002 - [email protected]/t from 0m for(GxM 3.45)
23TMRC003 327569 6576568 419 -90 0 6 23TMRC003 - [email protected]/t from 0m for(GxM 0.54)
23TMRC003 327569 6576568 419 -90 0 6 23TMRC003 - [email protected]/t from 2m for(GxM 1.83)
23TMRC004 327570 6576583 420 -90 0 10 23TMRC004 - [email protected]/t from 2m for(GxM 2.84)
23TMRC005 327577 6576594 420 -90 0 10 23TMRC005 - [email protected]/t from 0m for(GxM 0.54)
23TMRC005 - [email protected]/t from 4m for(GxM 0.62)
23TMRC006 327584 6576539 417 -90 0 4 23TMRC006 - [email protected]/t from 0m for(GxM 0.71)
23TMRC007 327585 6576554 418 -90 0 5 23TMRC007 - [email protected]/t from 0m for(GxM 4.03)
23TMRC008 327584 6576568 419 -90 0 10 23TMRC008 - [email protected]/t from 0m for(GxM 2.77)
23TMRC009 327584 6576583 420 -90 0 12 23TMRC009 - [email protected]/t from 0m for(GxM 8.21)
23TMRC010 327585 6576599 420 -90 0 10 23TMRC010 - [email protected]/t from 0m for(GxM 1.41)
23TMRC011 327586 6576607 420 -90 0 10 23TMRC011 - [email protected]/t from 0m for(GxM 4.87)
23TMRC012 327600 6576540 0 -90 0 4 NA
23TMRC013 327596 6576554 418 -90 0 5 23TMRC013 - [email protected]/t from 0m for(GxM 6.23)
23TMRC014 327598 6576569 419 -90 0 10 23TMRC014 - [email protected]/t from 0m for(GxM 3.43)
23TMRC015 327599 6576584 420 -90 0 12 23TMRC015 - [email protected]/t from 2m for(GxM 3.48)
23TMRC016 327599 6576598 420 -90 0 10 23TMRC016 - [email protected]/t from 0m for(GxM 0.42)
23TMRC017 327599 6576612 420 -90 0 9 23TMRC017 - [email protected]/t from 0m for(GxM 5.1)
23TMRC017 - [email protected]/t from 8m for(GxM 0.54)
23TMRC018 327615 6576555 0 -90 0 10
23TMRC019 327618 6576571 421 -90 0 10 23TMRC019 - [email protected]/t from 3m for(GxM 1.37)
23TMRC020 327614 6576584 421 -90 0 10 23TMRC020 - [email protected]/t from 1m for(GxM 2.58)
23TMRC021 327614 6576598 421 -90 0 10 23TMRC021 - [email protected]/t from 0m for(GxM 1.53)
23TMRC022 327614 6576614 421 -90 0 10 23TMRC022 - [email protected]/t from 0m for(GxM 2.01)
23TMRC023 327630 6576555 0 -90 0 10 NA
23TMRC024 327630 6576568 421 -90 0 10 23TMRC024 - [email protected]/t from 0m for(GxM 3.02)
23TMRC025 327629 6576584 421 -90 0 10 23TMRC025 - [email protected]/t from 0m for(GxM 0.47)
23TMRC026 327629 6576598 421 -90 0 10 23TMRC026 - [email protected]/t from 0m for(GxM 1.42)
23TMRC027 327629 6576613 421 -90 0 9
23TMRC028 327643 6576572 421 -90 0 10 23TMRC028 - [email protected]/t from 0m for(GxM 1.85)
23TMRC029 327644 6576584 421 -90 0 10 NA
23TMRC030 327644 6576598 421 -90 0 10 23TMRC030 - [email protected]/t from 0m for(GxM 0.69)
23TMRC031 327639 6576608 421 -90 0 16 23TMRC031 - [email protected]/t from 0m for(GxM 0.65)

Market Announcement | Page 93 of 96

Criteria Commentary
Data aggregation
methods

Mineralised intersections are reported at a 0.4g/t Au cut-off with a minimum
reporting width of 1m for RC holes
Relationship
between
mineralisation
widths and
intercept lengths

Holes were drilled orthogonal to deposits as much as possible
Diagrams
Refer to Figures and Tables in body of the release.
Balanced reporting
The majority of historic drill assay results used in this estimation are published in
previous news releases.
Other substantive
exploration data

There is no other material exploration data to report at this time.
Further work
Metallurgical testwork on selected representative samples is still in progress

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
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 ARANZ Geo Leapfrog software. Also, when loading the data any
errors regarding missing values and overlaps are highlighted.
Site visits
Alex Aaltonen, the Competent Person for Sections 1 and 2 of Table 1 is FML’s
General Manager of Exploration and Geology, conducts regular site visits.

Hannah Kosovich, the Competent Person for Section 3 of Table 1 is FML’s
Resource Geologist and has conducted site visits in the past.
Criteria Commentary
Geological
interpretation

All available drill hole and historic mining data was used to guide the geological
interpretation of the mineralisation.

An approximate cut-off grade of 0.4g/t was implemented. Some internal dilution was
included for consistency.

The mineralised geological interpretation was constructed in Seequent Leapfrog Geo
software.

The stockpiles and tails were interpreted in Leapfrog Geo software with solids
constructed within the surveyed deposits around zones of consistently thicker
mineralisation. Cut off for the previously milled quartz vein tails is estimated at 0.4
g/t and mineable/recoverable volumes have been built that exceed this cut off.
Furthermore, where consistently higher metal content areas were delineated, these
were sub domained and estimated separately.
Dimensions
The historic stockpiles and tails averaged 2 -3m thickness with variable extents.
The largest extending ~ 200m x 150m, smaller tails around 30m x 30m. Within
each stockpile the recoverable volumes varied from 719m3 to 42,219m3.
Estimation and
modelling
techniques

The tails stockpiles were estimated in Datamine software by Inverse Distance (ID2)
into a separate unrotated block model in MGA 94 grid, with a parent block size of 5
mE x 5 mN x 1 mRL – ½ the average drill spacing. Sub-blocking was used to best
fill the wireframes and inherit the grade of the parent block. The sample spacing
was all 1m and no compositing was required. A top cap of 3ppm Au was applied to
only 2 samples. An isotropic search distance of 50m x 50m x 5m was run with a
minimum of 4 samples and a maximum of 8 samples to estimate a parent block.
After the initial first pass only a small handful of blocks had not estimated and were
assigned the average grade of the surrounding estimated blocks.
Moisture
Tonnages are estimated on a dry basis.
Cut-off parameters
The tails stockpiles have only been reported within mineable/recoverable volumes
that exceed 0.4ppm Au cut-off.

Operating costs considered include underground mining, transport to and
processing at FML’s Three Mile Hill processing plant (<7km km away) and
administration.
Mining factors or
assumptions

The Three Mile Hill Processing Plant (TMH Plant) has been commissioned as is
running up towards name plate 1.2Mtpa rate.

Grade controlled stockpiles and tails comprise recoverable geometries of free dig
material suitable for mechanised load and haul. The targeted stockpiles and tails
are located within close proximity to transport routes and between 150m and 7km
from the Three Mile Hill ROM

The recoverable material will be blended as an additional feed to primary ore from
open pits and underground sources. Given tails material represent previously
milled quartz veins it is likely that this material can be blended for processing
without displacing primary material considered by the life of mine plan.
Metallurgical
factors or
assumptions

Representative metallurgical samples have been collected from the 2023 grade
control drilling. Follow up metallurgical testwork is yet to be conducted.

The Greenfields and Tindals low grade stockpiles are generated from sources last
mined by FML to 2013. These ore sources historically provided very good
recoveries at Three Mile Hill Mill.

Market Announcement | Page 95 of 96

Criteria Commentary
Environmental
factors or
assumptions

All grade controlled stockpiles and tails fall within the foot print of current and
previous mining areas.

Gradual processing of stockpiles and tails with storage within approved tails
management facilities will enable the current mine footprints to be reduced ahead
of rehabilitation works.
Bulk density
A bulk density of 1.6 t/m3 was applied to the tail’s stockpiles. This figure is based on
the approximate bulk density of sand similar to the processed quartz material.
Classification
The recoverable portions of the stockpiles and tails have undergone grade control
RC drilling at 15m x 15m spacing.

The recoverable parts of the stockpiles/tails exceed the 0.4 g/t economic cut off by
a considerable margin and have been classified as Indicated Mineral Resources. .
Audits or reviews
No external audits of the mineral resource have been conducted.
Discussion of
relative accuracy/
confidence

This is addressed in the relevant paragraph on Classification above.