FORTUNA METALS LTD — Capital/Financing Update 2016

Dec 15, 2016

ADDRESS PHONE EMAIL Unit 5, Ground Floor +61 (8) 9486 4036 pmcneil@frontierresources.com.au 1 Centro Ave, Subiaco ABN WEBSITE WA, 6005 Australia 96 095 684 3 www.frontierresources.com.au

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ASX: FNT

Market Announcements Platform

16[th] December 2016

Frontier Wins Ballot for Former Sinivit Gold Mine ML / EL Areas Plus Highly Prospective Sections of our Former East New Britain EL

Frontier Resources Limited ( Frontier ) is very pleased to announce that it won the application ballot for the former Sinivit gold Mine (ML) and associated former Exploration Licence (EL), plus much of our former East New Britain EL (formerly Joint Ventured with Ok Tedi Mining Ltd), located on the Gazelle Peninsula, East New Britain Province, Papua New Guinea.

The EL application area has excellent access with an all-weather road from Sinivit to Rabaul (located 50km to the NE) and has landowners that are supportive of exploration and mining. New Guinea Gold Corp ( NGGTSX: V ) operated the modest vat leach gold Mine from late 2007 until 2011 and finished processing ore in early 2013.

The quartz vein system is present for about 10 km within the EL application, so exploration potential is excellent. In addition, the area covering Frontier’s former EL 1592 contains two large aeromagnetic porphyry copper -gold signatures and various other copper and gold prospects that have never been really explored.

The Application will now go through the normal process involving a Warden’s Court Hearing, review /evaluation by the Mining Advisory Council with their recommendation to the Minister for Mining who decides to grant or refuse. The Hearing will likely occur in early February 2017. The Mining, Easement Lease and Exploration Licences were refused renewal 1 month ago, by the Minister for Mining. The expenditure commitment offered is K100,000 in Year 1 and K150,000 in year 2 (about A$42,000 in Year 1 and A$53,000 in Year 2). There are no assumed liabilities.

The PNG Mineral Resource Authority Assistant Registrar informed me that NGG implied it would undertake a Judicial Review regarding the decision. However, NGG’s last release to the TSX is dated November 20, 2015 (13 months ago), they have had multiple issues filing their required TSX regulatory documents, are yet to announce the refusal of the ML to the TSX / their shareholders and thus likely do not have the financial capability to undertake a Judicial Review.

Chairman /Managing Director - Peter McNeil M.Sc. commented:

Frontier is very pleased that we have the opportunity to obtain and potentially re-develop the former Sinivit Gold Mine and explore the surrounding areas to increase total contained resources / reserves to enable a

more efficient and profitable operation in the future. In addition, there are three porphyry copper targets that offer the Company excellent upside to the recently rapidly rising copper price.

I was a founding Director, Former President and Exploration Manager for NGG from 1996 until 2009, when I resigned to concentrate solely on Frontier Resources. The mineralisation was discovered by Esso in the early 1980s, where I started my career with in PNG in 1985. Sinivit was later drilled out by City Resources, for whom I supervised their Wapolu gold Project in Milne Bay. I have a very good understanding of the area and its gold and copper potential, plus already personally own virtually all existing digital and a lot of hard copy exploration data.

The data and intellectual property is mine, hence it is proposed that Exploration & Management Consultants Pty Ltd (EMC -in which I have a 50% interest) will obtain a 10% free carried interest in the EL if it is granted (subject to FNT shareholder approval or reversion of the EL title 100% to EMC).

Mining Associates Pty Ltd prepared an Independent Technical Report (called a 43-101) in October 2011 for NGG on the Indicated Resources on the Sinivit Gold Project, that covered an estimate of the mineral resources remaining at Sinivit Mine (also JORC compliant) and an appraisal of its exploration potential.

In addition, Mining Associates prepared a 43-101 report estimating an Indicated Resource at the Kavursuki gold Deposit (an unmined resource adjoining and to the north the Sinivit pits) in April 2013.

The 43-101 reports relating to the Sinivit and Kavursuki Resources can be obtained from the Canadian regulator SEDAR website, but have also been posted to the Reports section of the Frontier website (they are too large to include herein).

The October 2011 43-101 report noted Resources remaining within the current pit design total 135,000t at 4.44 g/t gold for 19,200 ounces. No mining dilution or loss has been applied. This comes with a penalty of 0.35% copper. These in-situ resources remaining have not been modified with mining or metallurgical factors.

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The remaining resources and reserves at the 3 mined Sinivit deposits are unknown, but given the timeframes between issuing the 43-101 Sinivit Resource Estimation and the shutdown of mining, they cannot have been significantly depleted.

A comprehensive summary report will be complied by Frontier relating to the entire application area as soon as possible and will be posted on the Frontier website after completion. Facilities at site are believed to include an 80-man camp, office and core farm.

The EL application covers the strike extensions of the Nengmutka vein system to the north and south of the former ML, as well as a number of other exploration targets for precious and base metals.

In January 2006, NGG announced an Indicated Mineral Resource of 306,000 tonnes having an uncut grade of 5.3 g/t Au (4.0 g/t Au cut) covering the planned Southern, Central and Northern Oxide zone open pits. The Sinivit Gold Mine processed oxide ore from three shallow open pits within the Nengmutka vein system.

Commissioning commenced during the second half of 2007 and commercial production was achieved in April 2008. The mine produced approximately 23,550 oz. to the end of June 2011 and mining of oxide mineralisation was expected to be completed in that year. However, gold production was originally planned for 2,500 oz. to 3,000 oz. per month, but this was not achieved on a consistent basis due to issues with the VAT leach processing method.

The figures tables and text below are derived /quoted from Mining Associates’ 43-101 reports.

Geology and Mineralisation

The mineralisation at Sinivit, with current resources, is considered to be an epithermal style vein system with both low and high sulphidation alteration and mineralogy styles. Low sulphidation gold-telluride mineralisation was deposited within fractured silicified host rocks that are more typical of a high sulphidation system.

The Sinivit gold project consists of the Nengmutka vein system, which is hosted by the Nengmutka Volcanics, a flat-lying, epiclastic sequence of volcanic sandstone and conglomerate. The Nengmutka Volcanics are thought to represent a caldera margin deposit. There are indications from mapping and sampling (e.g. circular breccia targets with advanced argillic alteration) within the larger Sinivit project that the area may be prospective for buried diatreme-related gold-copper mineralisation (e.g. Wafi, PNG).

The Wild Dog structure has been traced at surface over a strike length of about 3 km, of which a central 900m makes up the strike length of the Sinivit resource area (Sinivit Gold Deposit). This vein system is hosted within the regional scale Nengmutka vein system which has a strike length of at least 10 km. It is estimated that some seventy per cent of the Nengmutka vein system within a 3-km radius of the Sinivit resource is non-outcropping, being capped by hydrothermal clays and younger volcanic ash. The parallel Gunsap Mountain structure lies approximately 1 km west of the Wild Dog structure and is predominantly clay covered although outcropping veins are present at its southern mapped extent.

The mineralisation at Sinivit occurs in multi-phase steeply dipping hydrothermal quartz tension veins which cross cut the more moderately dipping northwest trending silicified zones. Mineralisation is best developed near local cross structures. Later mineralisation fills open fractures and cavities in the quartz veins as dark sulphide stringers comprising copper sulphides (chalcopyrite with minor bornite, chalcocite and tennantite) with local occurrences of a wide variety of Cu-Bi-Pb-Ag sulphide, telluride and selenide minerals. Gold generally occurs as Au-Ag telluride minerals, and native 'mustard' gold occurs as a weathering product of these tellurides.

Intense tropical weathering and leaching has developed a surface profile depleted in copper and silver minerals. The Sinivit operation is currently mining this oxide material in three pits (northern, central and southern) on the Wild Dog structure. Further oxide resources are currently being delineated along strike at the Kavursuki Vein.

Exploration

Recent exploration carried out by NGG includes a 3D IP (induced polarisation) survey to define zones of sulphide mineralisation (chargeability) and/or silica mineralisation (resistivity). This work has highlighted some areas for future exploration. The results of the 3D IP survey, when taken in conjunction with the previous mapping of geology and alteration and previous surface sampling, provide ample justification for a substantial drilling program targeted at:

• Magiabe anomaly (possible diatreme related copper gold mineralisation);

• Gorocha Hill anomaly (interpreted dilational jog);

• Wild Dog & Kavursuki (potential depth extent of hybrid high-low sulphidation mineralisation);

• Shallow fences across strike length of Nengmutka vein system penetrating clay alteration cap and targeting vuhgy silica alteration; and

• Further 3D IP should be extended south throughout the tenement based on Wild Dog structure as intrusive hosted mineralisation (i.e. Regess Intrusive) along the structure may be resistive to IP.

Metallurgy

The oxide ore from the current operations is processed via vat and heap leaches. There are currently 17 vats and 2 heaps over vats reported by NGG to contain approximately 280,000 tonnes of material. Each vat has been leached with cyanide for varying time spans with gold recoveries estimated by NGG of about 66%.

Metallurgical testing was carried out in 2010 by a third party to determine distribution and possible recovery of gold remaining in the vat leached ore and to determine a recovery method for tellurium. Results indicated Tellurium would require an acid leach, subsequent gold leaching would require a basic leach.

There has been little metallurgical testing to determine the required process for optimum treatment of the primary sulphide ore, although recovery of this is likely to be based on a floatation circuit due to the copper and telluride mineralisation.

Resource Estimates The Mineral resources for the Sinivit Gold Project have been estimated by MA for the preparation of this report and quoted above a 1.5g/t Au cut off. Southern

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Oxide, Central Oxide, Western Oxide (part of central oxide pit) and Northern Oxide are equivalent to the Southern Area as quoted in the 2005 Resource Estimates. These resource estimate figures have been classified as defined in the Canadian National Instrument 43-101.

Inferred Resources by Area above 1.5g/t cut off

Area K tonnes	Area K tonnes	Gold capped (g/t)	Gold capped (g/t)	Copper capped (%)	Gold (koz)
Southern Oxide	47		2.8	0.40	4.2
Central Oxide	26		5.5	0.32	4.6
Northern Oxide	7		2.8	0.08	0.6
Northern Sulphide	1,004		4.0	0.37	129.8
Kavursuki	613		2.3	0.03	44.5
Total	1,697		3.4	0.25	183.7
Indicated Resources by Area above 1.5g/t cut off
Area K tonnes		Gold capped (g/t)		Copper capped (%)	Gold (koz)
Southern Oxide	103		4.4	0.67	14.6
Central Oxide	184		3.8	0.17	22.7
Northern Oxide	67		3.1	0.06	6.5
Northern Sulphide	-		-	-	-
Kavursuki	-		-	-	-
Total	354		3.8	0.29	43.8
Indicated Resources Remaining within Designed Pit Shell
PIT Weathering	Tonnes		Gold (g/t)	Au Oz Copper (%)
Oxide	8,600		5.32	1,460 0.64
SOX Fresh	29,300		6.77	6,370 0.97
Oxide	33,200		3.06	3,260 0.10
COX Fresh	54,600		3.91	6,860 0.16
Oxide	1,500		2.52	120 0.03
NOX Fresh	7,800		4.64	1,160 0.08
TOTAL	135,000		4.44	19,230 0.35

figures have been reported to significant figures; (discrepancies may occur in the addition of rounded figures) No inferred or measured has been defined with the Designed Pit Shells

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Southern Oxide (“SOX”), Central Oxide (“COX”) and Northern Oxide (“NOX”) are equivalent to the 2005 Southern Area. The western oxide area is included Central Oxide.

Notes relating to the resource estimation:

1. The resource is based on holes drilled to August 31 2011;

2. The resource is depleted with mining to June 30th 2011;

3. East-west section interpretations at a 0.5g/t halo, from which three dimensional wireframes were constructed for each domain;

4. Assay results were composited to 2 metre downhole intervals;

5. Capped gold grade estimates were made, grade capping was varied for gold domains, between 97.5 and 99th percentile dependent on vein, Copper was estimated with uncapped data;

6. Base of Oxidation has been projected 10m below topography with local adjustments where drill data existed;

7. Block Model extents cover interpreted mineralisation with a block size of 20mN x 5mE x 8mRL for estimation with sub-blocking for volume to of 5mN x 1.25mE x 2mRL;

8. Grade interpolated into a constrained block model by domain using ordinary kriged estimation in one pass with anisotropy applied. Estimates were validated against informing samples and nearest neighbour estimates;

9. Historical Density records were not sighted, historical resources have used 2.5 and 2.6, and current resource uses 2.6 for fresh material and 2.5 for oxidised material. Average Kavursuki Ore measures 2.64;

10. Resources have been classified in compliance with the National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101), as Indicated and Inferred. Categories are allocated by block by domain, based on sample spacing and type, number of informing samples, geological continuity and Krige estimate confidence.

11. Resources are reported above a cut-off of 1.5g/t Au;

Resources remaining within the current pit design total 135,000t at 4.44 g/t gold for 19,200 ounces. No mining dilution or loss has been applied. This comes with a penalty of 0.35% copper. These in-situ resources remaining have not been modified with mining or metallurgical factors.

Interpretation and Conclusions

The resource estimates reported here are reported in accordance with National Instrument 43101 standards of disclosure of Mineral Projects (NI43-101). Classification of resource categories considered; sample density and type, geology continuity, density measurements, oxidation profile and Quality Assurance and Quality Control data.

The extensive grade control drilling available provides a high level of confidence in the estimate within the upper levels, at depth sparse diamond drill data is available.

This resource estimate has been constructed from “first principals” based on sectional interpretation of the geological controls and including the results of the recent grade control drilling at the Wild Dog Vein. Shallow diamond core data is available at Kavursuki.

The recently completed drill holes and the Sinivit Resource Estimate are focused on the areas proximal to the Sinivit Gold Mine to define the best potential for near-term production. Only limited exploration drilling of the total complex has been undertaken and there remains good potential for further discoveries of gold, particularly at nearby prospects of Kavursuki, Mengmut and Keamgi Hill.

In terms of extensions of mineralisation and new resources, the Northern Sulphide Mineralisation is only drilled with exploration data on a broad pattern, and is thus of less confidence; the highgrade section 10,300mN in particular, requires more drilling to determine the strike extent of the prospective high grade (>10 g/tAu) mineralisation. The additional mineralisation further along strike in the same structure outlined at the Kavursuki Project area where a new inferred resource of 613kt at 2.3g/t for 44,500 ounces of gold is based on 30 diamond holes (2,170m) as reported.

Regionally, exploration success relies on discriminating between clay caps that overlay barren veins versus those that overlie gold-mineralised veins; therefore, future work therefore requires a combination of very specific surface sampling, clay mineralogy sampling/mapping (e.g. Portable Infrared Mineral Analyzer “PIMA”), ground geophysics and drilling.

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For additional information please visit our website at www.frontierresources.com.au FRONTIER RESOURCES LTD

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P.A. McNeil, M.Sc., MAIG Chairman and Managing Director

Frontier Resources Ltd Exploration Licence Information	Frontier Resources Ltd Exploration Licence Information	Frontier Resources Ltd Exploration Licence Information	Frontier Resources Ltd Exploration Licence Information	Frontier Resources Ltd Exploration Licence Information
	Licence No.	Date From	Date To	Ownership	Area (SQ KM)	Lat. Sub Blocks
Bulago River*	EL 1595	7/07/2014	6/7/2016	100% Frontier Gold PNG Ltd	100	30
Muller Range	EL 2356	31/12/2015	30/12/2017	100% Frontier Copper PNG Ltd	330	99
Sewatupwa River	ELA 2476	Application only		90% Frontier Copper PNG Ltd	436	131
Lake Lavu	ELA 2477	Application only		90% Frontier Copper PNG Ltd	839	252
Gazelle	ELA ?	Application only		90% Frontier Copper PNG Ltd	722	217
* Under renewal - Hearing completed					2,427 SQ KM
NB: The Papua New Guinea Mining Act of and the PNG Government maint		1992 stipulates that ELs are granted for renewable 2 year Terms (subject to Work and Financial Commitments) ains the right to purchase up to 30% project equity at "Sunk Cost" if/when a Mining Lease is granted.

The information in this report that relates to Exploration Results is based on information compiled by Peter A. McNeil - Member of the Aust. Inst. of Geoscientists. Peter McNeil is the Chairman/Managing Director of Frontier Resources, who consults to the Company. Peter McNeil has sufficient experience which is relevant to the type of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code of Reporting Exploration Results, Mineral Resources and Ore Resources. Peter McNeil consents to the Inclusion in the report of the matters based on the information in the form and context in which it appears.

		JORC CODE 2012
		Section 1 -- Sampling Techniques and Data
Criteria		Explanation	Commentary
Sampling techniques	o	Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down whole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.	As noted herein
	o	Include reference to measures taken to ensure sample representivity and the appropriate calibration of anymeasurement tools or systems used.	Historical data quoted

	o	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1m samples from which 3 kg was pulverised to produce a 30g charge for fire assay’) In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules)maywarrant disclosure of detailed information.	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1m samples from which 3 kg was pulverised to produce a 30g charge for fire assay’) In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules)maywarrant disclosure of detailed information.	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1m samples from which 3 kg was pulverised to produce a 30g charge for fire assay’) In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules)maywarrant disclosure of detailed information.	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1m samples from which 3 kg was pulverised to produce a 30g charge for fire assay’) In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules)maywarrant disclosure of detailed information.	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1m samples from which 3 kg was pulverised to produce a 30g charge for fire assay’) In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules)maywarrant disclosure of detailed information.	Historical data quoted
Drilling techniques	o	Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type,whether core is oriented and if so,bywhat method,etc.).					Historical data quoted
Drill sample recovery	o	Method of recording and assessing core and chip sample recoveries and results assessed					Historical data quoted
	o	Measures taken to maximise sample recovery and ensure representative nature of the samples.					Historical data quoted
	o	Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.					Historical data quoted
Logging	o	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation,miningstudies and metallurgical studies.					Historical data quoted
	o	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.					Historical data quoted
	o	The total length and percentage of the relevant intersections logged					Historical data quoted
Sub-sampling techniques and sample preparation	o	If core, whether cut or sawn and whether quarter, half or all core taken.					Historical data quoted
	o	If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.					Historical data quoted
	o	For all sample types, the nature, quality and appropriateness of the sample preparation technique.					Historical data quoted
	o	Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.				Historical data quoted
	o	Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate /second-half sampling.				Historical data quoted
	o	Whether sample sizes are appropriate to the grain size of the material being sampled.				Historical data quoted
Quality of assay data and laboratory tests	o	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias)andprecision have been established.				Historical data quoted
	o	For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.					Historical data quoted
Verification of sampling and assaying	o	The verification of significant intersections by either independent or alternative company personnel.					Historical data quoted
	o	The use of twinned holes.					Historical data quoted
	o	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.					Historical data quoted
	o	Discuss any adjustments to assay data.					Historical data quoted
Location of data points	o	Accuracy + quality of surveys used to locate drill holes (collar + down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.					Historical data quoted
	o o	Specification of the grid system used. Qualityand adequacyof topographic control.		Map datum is AGD 066. 40m contours - 1:100,000plans,10m -DTM contours.
Data spacing and distribution	o	Data spacing for reporting of Exploration Results.		As noted herein and refer to any attached plans for details.
	o	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied					Historical data quoted
	o	Whether sample compositing has been applied.					Historical data quoted
Orientation of data in relation to geological structure	o	Whether the orientation of sampling achieves unbiased sampling of possible structures to the extent this is known, considering the deposit type.					Historical data quoted
	o	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported.					Historical data quoted
Sample security	o	The measures taken to ensure sample security			Historical data quoted
Audits or reviews	o	The results of any audits or reviews of sampling techniques and data.			Historical data quoted
		Section 2 -- Reporting of Exploration Results
Criteria		Explanation	Commentary
Tenure	o	The security of the tenure held at the time of reporting along with any known impediments to obtaininga licence to operate in the area.			As noted herein

Exploration done by others	o	Acknowledgment and appraisal of exploration byotherparties.	Historical data quoted	Historical data quoted
Geology	o	Deposit type, geological setting and style of mineralisation.	Gold epithermal related targets and porphyry copper-gold - molybdenum targets.
Drill hole information	o	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:		Historical data quoted
		Eastingand northingof the drill hole collar		Historical dataquoted
		Elevation or RL (Reduced Level- elevation above sea level in metres) of the drill hole collar		Historical data quoted
		Dipand azimuth of the hole		Historical dataquoted
		Down hole length and interception depth		Historical dataquoted
		Hole length		Historical dataquoted
	o	If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.		Historical data quoted
Data aggregation methods	o	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usuallyMaterial and should be stated.		Historical data quoted
		Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail		Historical data quoted
	o	The assumptions used for any reporting of metal equivalent values should be clearlystated.		Historical data quoted
Relationship between mineralisation widths & intercept lengths	o	These relationships are particularly important in the reporting of Exploration Results.		Historical data quoted
	o o	If the geometry of the mineralisation with respect to drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. 'down hole length, true width not known').		Historical data quoted
Diagrams	o	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.		Historical data quoted
Balanced reporting	o	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleadingreportingof Exploration Results.		Historical data quoted
Other substantive exploration data	o	Other exploration data, if meaningful and material should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminatingsubstances		Historical data quoted
Further work	o o	The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commerciallysensitive.		Future work is dependent on the application being granted.