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G11 RESOURCES LIMITED Capital/Financing Update 2025

Aug 5, 2025

64956_rns_2025-08-05_2bb275bd-00bd-4018-a88b-fbb643617655.pdf

Capital/Financing Update

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ASX Announcement

6 August 2024 ASX / MEDIA RELEASE

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Wilandra Copper Project Exploration Target

  • Maiden Exploration Target estimated for the Peveril, Central Gossan and Grasmere Zones within the Wilandra Copper Project.

  • The estimated range of potential mineralisation for the Exploration Target[*] is:

  • 15.6 to 21.2 Million Tonnes grading at 0.8% to 1.6% Cu for between 170,000 and 250,000 tonnes of copper.

* The size and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

  • The Exploration Target is for a 4.0 km long section of outcropping mineralisation which is open at depth and along strike.

  • Additional surface geophysical surveys and follow-up drill testing are planned to test for Cu-rich VMS mineralisation in the same host rock sequence and for structurally remobilised Cu-rich massive sulphides in structurally dilatant positions.

G11 Executive Chairman, Martin Donohue said:

“The maiden Exploration Target at Wilandra is very encouraging within the context of G11 Resources landholding. This area remains underexplored and as this Exploration Target is derived from VMS style mineralisation, there is still significant scope to expand on the size of this mineralised system, which remains open in all directions. Work continues at Wilandra with our technical team, and we look forward to updating the market as exploration work continues.”

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement 6 August 2024

G11 Resources Limited (ASX: G11) ( G11 or the Company ) is pleased to report the results of an Exploration Target estimate, which the Company believes demonstrates the potential scale of the Cu-rich massive sulphide mineralisation at the Wilandra Copper Project. The results are from a Cu-rich mineralised system considered to be a combination of volcanogenic massive sulphides (VMS) and structurally controlled massive sulphides that outcrops and extends over 4 km of strike (Figure 1).

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Figure 1: Plan view of the mineralisation projected to surface showing drill intercept locations and Cu% x metre values. Refer to the following announcements for further information, Competent Person’s consent, material assumptions and technical parameters concerning the intercepts for drillholes GR24RCD006 (G11 Resources’ ASX announcement dated 4/11/2024), GR24RC014 (G11 Resources’ ASX announcement dated 04/06/2024) and GSRD029, GSRD042, PD89GR05 & PD89GR06 (Odin Metals Ltd’s ASX announcement dated 06/04/2021).

Conarco Consulting (Conarco) were engaged to review the mineralisation at the 100% owned Wilandra Project with the aim of estimating an Exploration Target and reporting the results in accordance with the JORC Code (2012), including assuming Competent Person responsibility for the estimation work completed on the Peveril, Central Gossan and Grasmere zones.

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement 6 August 2024

Taking into consideration the geological setting, data available (mapping, drilling and geophysics) and possible extensions to known mineralisation, Conarco has estimated an Exploration Target* for Wilandra of:

15.6 – 21.2Mt @ 0.8 – 1.6% Cu for 170 – 250kt Copper

*For the Wilandra Exploration Target, the potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

Geological Setting

The Koonenberry Belt in far north-western NSW, is a narrow, poorly exposed, Neoproterozoic to Devonian belt of dominantly marine sedimentary rocks together with extrusive and intrusive units that has undergone deformation in the late Cambrian (Delamerian Orogeny — 504.5 ± 2.6 to 497.2 ± 2.6 Ma), the late Ordovician to earliest Silurian (Benambran Orogeny) and the Middle Devonian (Tabberabberan Orogeny). The area is dominated by poly-deformed Cambrian forearc sediments of the Teltawongee and Ponto Groups, which have undergone Greenschist Facies metamorphism. In addition to the potential deposition of VMS copper mineralisation in the Ponto Group, a major copper-mineralising event has been constrained to the Benambran Orogeny (D3) coincident with dextral strike-slip on the Koonenberry Fault and structurally controlled basin formation and volcanism.

The Peveril, Central Gossan and Grasmere zones are hosted within the Grasmere Formation, which forms part of the middle Cambrian Ponto Group. The basal part of the Ponto Group is dominated by generally deep water, turbiditic, fine-grained sedimentary rocks intercalated with minor mafic units whilst the upper part of the sequence includes significant mafic extrusive and intrusive rocks in addition to fine to medium grained sedimentary rocks and minor cherty felsic tuffs (interpreted to be related to the Mount Wright Volcanics). Thin quartz–magnetite, quartz–haematite and quartz– pyrrhotite units, interpreted to be exhalative horizons are present.

Mineralisation

The Peveril, Central Gossan and Grasmere massive sulphide lodes form a 4.0 km long northwest trending zone up to 4.5 m thick which extends to 500 m down dip and has been offset into at least six sulphide-rich lodes by later faulting.

The massive sulphides at Grasmere are hosted by silicified fine-grained thinly bedded meta shales and siltstones whereas the sequence at Peveril, 2.3 km to the northwest, also includes an epidote– actinolite–chlorite–carbonate—magnetite (mafic) unit in the immediate hanging wall to the massive sulphides.

It is considered that the mineralisation is a combination of syngenetic Besshi style volcanogenic massive sulphide (VMS) and epigenetic structurally controlled massive sulphide mineralisation. Given the tabular nature of the mineralisation, the style of deposit will not affect the estimation volume of the Exploration Target.

Drillhole Data

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement 6 August 2024

The drillhole data used in the estimation of the Exploration Target has been supplied by G11 Resources as comma delimited text files exported from the Company’s secure, relational drillhole database. Basic drillhole validation has been undertaken by Conarco with only minor errors identified which should not affect the quality of the Exploration Target.

Drilling within the Wilandra Project area comprises approximately 205 drillholes, 72 of which are from series GSRD drilled by Black Range Minerals in the mid 2000’s. Survey data for these holes shows that only dip measurements were taken and the holes were assumed to be straight along their collared azimuth. Hole GSRD073 has been re-surveyed by G11 Resources using a gyroscopic survey tool and showed that there was significant azimuth deviation with the hole projecting >175 m to the southeast from the original position. Therefore, the true position of the remaining holes is unknown and is a major contributing factor restricting the estimation of Mineral Resources for the Project.

The Competent Person considers that since GSRD073 is the deepest and longest hole in the dataset, this should result in the largest projected difference between a straight and curved hole. The remaining holes are generally <200 m in length, therefore resulting in less difference due to any downhole deviation. Although some deviation in azimuth is expected and given the tabular nature of the mineralisation, these intercepts are highly likely to form the same body of mineralisation. Since the exact location of drillhole intercepts is not required (although beneficial), the Competent Person deems it acceptable to include this data in the estimation of an Exploration Target.

Geophysics

G11 Resources have successfully utilised downhole electromagnetic (DHEM) surveys to identify and target Cu-rich massive sulphide mineralisation at the Peveril prospect (ASX Releases dated 4[th] June 2024 and 4[th] November 2024). Conarco has reviewed the results of the numerous DHEM surveys completed at Wilandra and considers that the relatively continuous modelled conductance plates at depth provides suitable supporting evidence for increased continuity at depth within the Peveril system.

Exploration Target Basis

Wireframes of the interpreted mineralisation were supplied by G11 Resources to Conarco, with these modelling the mineralisation based on a Cu threshold grade of 100 to 200 ppm Cu. A review of this data by Conarco has resulted in the Competent Person concluding that although this approach is acceptable to provide targets for future exploration, it may overstate the potential tonnage and grade for an Exploration Target estimate.

Instead, Conarco utilised the compositing function in Maptek’s Vulcan mining software which allows for the generation of “minable” intervals at defined grades and minimum widths. The following criteria has been applied to the drillhole data that defines the mineralisation at Wilandra:

  • Mineralisation / waste cutoff value – 0.25% Cu (represents a distinct inflection point at the 90[th] percentile)

  • Minimum mineralised run length – 3 m

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement 6 August 2024

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  • Waste absorption max length – 2 m (where internal waste is >2 m, then two mineralised lengths are generated)

  • Upper waste dilution length – 2 m

  • Lower waste dilution length – 2 m

  • Dilution only if mineralised length < minimum length

  • Minimise dilution length

The true width of the interval has also been estimated using the following orientations based on the modelled mineralisation wireframes provided by G11 Resources:

  • Peveril – dip / dip direction of 70/202 degrees

  • Central Gossan – dip / dip direction of 80/040 degrees

  • Grasmere – dip / dip direction of 82/195 degrees

The results for Peveril are listed in Table 1 and for Grasmere in Table 2. For Central Gossan, there were no results with true width >3 m and Cu grades > 0.25% Cu.

Table 1: Mineralised Intercepts for Peveril Zone

**All results ** **TW > 3m ** Difference
No. Intercepts
Total(m)
Average Intercepts(m)
Average true thickness(m)
Avg Cu(%)
52 27 52%
242.4 139.1 57%
4.7 6.3 136%
3.2 4.8 149%
1.4 1.6 113%

Table 2: Mineralised Intercepts for Grasmere Zone

All results TW > 3m Difference
No. Intercepts 42 21 50%
Total(m) 180.3 90.5 50%
Average Intercepts(m) 4.3 6.5 151%
Average true thickness(m) 2.6 4.2 159%
Avg Cu(%) 1.3 1.6 124%

For Peveril and Grasmere, more than 50% of the intervals have a true width >3m. These widths have been used to assess the potential volume / tonnage range.

A total of 149 bulk density measurements taken throughout the mineralised and un-mineralised zones have been supplied to Conarco, who analysed this dataset relative to the assayed copper grade. Segregating the data using the same cutoff grade as used to define the mineralisation (0.25% Cu) results in an average bulk density of 3.72 g/cm[3] for the mineralised samples above 0.25% Cu with the non-mineralised samples having a bulk density of 2.84 g/cm3 (Table 3). Both these values are within expectations based on Conarco’s experience with other massive sulphide deposits.

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement 6 August 2024

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Table 3: Bulk Density Data relative to Cu Grade

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Cu Grade (%) No. Samples Bulk Density
>0.25 46 3.72
<0.25 103 2.84
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These values have been used in assessing the tonnage potential of the Exploration Target.

Exploration Target Estimation

The Exploration Target has been estimated using the total endowment less discounts based on geology and low copper grades.

The mineralisation wireframes provided indicate that Peveril is continuous over 1,700 m strike length (in three separate zones), Central Gossan continuous over 850 m, with Grasmere having modelled continuity in two zones of 1,100 m for a total of 3,650 m mineralised strike continuity. The following criteria have been applied to the various mineralised zones for the tonnage estimation:

  • Total endowment = strike (m) x average true width (m) x down dip extension (m) x bulk density (g/cm[3] )

  • Peveril – 1,700m x 4.8m x 500m x 3.7g/cm3 = 15.1Mt

  • Central Gossan – 850m x 3m x 500m x 3.7g/cm3 = 4.7Mt (a notional true width of 3m was used)

  • Grasmere – 1,100m x 4.2m x 500 x 3.7g/cm3 = 8.5Mt

  • Total = 28.3Mt

The minimum tonnage has been determined by the percentage of intercepts where the true width is greater than 3 m, as listed in Table 1 and Table 2. Peveril has been subdivided into two parts, with the top 200 m where there is more drilling, and the lower 200 m to 500 m below surface where the DhEM plate modelling suggests an increase in mineralised continuity. For Central Gossan, a notional 30% conversion was applied since there were no intercepts greater than the minimum width.

  • Peveril (0 – 200 m) – 1,700m x 4.8m x 200m x 3.7g/cm3 x 52% = 3.14Mt

  • Peveril (200 – 500 m) – 1,700m x 4.8m x 300m x 3.7g/cm3 x 75% = 6.8Mt

  • Central Gossan – 850m x 3m x 500m x 3.7g/cm3 x 30% = 1.4Mt

  • Grasmere – 1,100m x 4.2m x 500 x 3.7g/cm3 x 50% = 4.3Mt

The minimum tonnage is therefore estimated to be 15.6Mt .

The maximum tonnage has been determined by assuming it will be 75% of the maximum tonnage.

  • Maximum tonnage = 28.3Mt x 75% = 21.2Mt .

The tonnage of the Exploration Target is estimated to be between 15.6 – 21.2Mt

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement 6 August 2024

An historic JORC (2004) report completed in 2011 has estimated a Mineral Resource comprising of ~9.2Mt. Since the tonnage of the Exploration Target is significantly larger than the historic resource, this suggests upside of the tonnage potential at depth as defined by the EM geophysical surveys. Therefore, Conarco is of the opinion that the tonnage of the Exploration Target is appropriate.

The upper grade range of the Exploration Target has been determined from the average grade of intercepts where the true width is >3 m, which equates to 1.6% Cu. The lower grade range is more subjective with no definitive way to conclude this value. Therefore, the Competent Person has deemed it reasonable that the lower grade range should be half of the maximum range, therefore being 0.8% Cu.

The grade of the Exploration Target is estimated to be between 0.8 – 1.6% Cu .

Based on the information as summarised above, an Exploration Target* for Wilandra is estimated to be:

15.6 – 21.2Mt @ 0.8 – 1.6% Cu for 170 – 250kt Cu.

*For the Wilandra Exploration Target, the potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

This announcement has been approved for release by the Board of Directors of G11 Resources td.

-ENDS-

For further information, please visit www.g11resources.com.au or contact:

Martin Donohue Executive Chairman E: [email protected]

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement 6 August 2024

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Competent Person Statement

The information in this report that relates to the Exploration Targets, or Exploration Results is based on, and fairly represents, information compiled and conclusions derived by Mr John Collier, a Competent Person who is a Member of the AIG and is employed by Conarco Consulting. Mr Collier has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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 Collier consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

ABOUT THE KOONENBERRY PROJECT

The Koonenberry Project is an emerging, district scale, copper, nickel, and other base metals exploration package located 80km east of Broken Hill, New South Wales. The Company considers the Koonenberry Belt to be highly prospective for a number of styles of mineralisation including VMS hosted Cu–Zn–Au–Ag deposits, magmatic Ni-Cu-PGE, epithermal Ag-Pb-Cu and orogenic Au. The Koonenberry Project covers 3,300km[2] of land holding, containing over 200km of strike of the significantly under-explored Koonenberry Belt (Figure 2).

The Koonenberry Belt is a northern continuation of the Cambrian Delamerian Orogen, situated between the Curnamona Province to the west, and the Thomson Orogen to the east.

The Koonenberry Belt developed over several million years along the eastern margin of Australia during the continent’s breakup with Antarctica and the resulting formation of the Pacific Ocean. Since that time, the Belt has been subject to periods of uplift, sedimentation, and intense deformation. Today the Belt is expressed as a low range of hills comprised of shallow marine sediments, turbidites, & volcaniclastic sediments. These rocks have been variously intruded with tholeiitic basalts, gabbroic plutons, & felsic dykes. Adjacent granites and granitoids are associated with orogenic gold mineralisation.

The Belt is navigated it’s entire length by the Koonenberry Fault system. The Koonenberry Fault is a narrow, brittle, shear zone with numerous associated splays and faults. The diverse structural architecture of the Koonenberry Belt’s faults, folds, and shear zones has played a crucial role in the concentration and localization of mineralisation. These geological structures have acted as conduits for polymetallic mineralizing fluids and provided zones of enhanced permeability where metals could accumulate.

The Belt’s prospectivity for a range of metals including Copper, Nickel, Gold, & Silver, it’s geologic significance, and rich mineralogical diversity make the Koonenberry Belt a compelling region for modern explorers.

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement 6 August 2024

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Figure 2: Location and tectonic setting of G11 Resource’s Koonenberry Project (left) and the main prospective corridors within the Project (right).

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement 6 August 2024

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Appendix I: JORC Code, 2012 Edition – Table 1

Section 1: Sampling Techniques and Data

The information reported as Pre- G11 Resources has been sourced from a previous Mineral Resource estimation completed by DataGeo and reported under the JORC Code 2004. Therefore, some information is not available.

Criteria
JORC Code explanation
Commentary
Sampling
techniques

Nature and quality of
sampling (eg cut channels,
random chips, or specifc
specialised industry standard
measurement
tools
appropriate to the minerals
under investigation, such as
down hole gamma sondes, or
handheld XRF instruments,
etc). These examples should
not be taken as limiting the
broad meaning of sampling.

Include reference to
measures taken to ensure
sample representivity and the
appropriate calibration of any
measurement tools or systems
used.

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 (eg ‘reverse
circulation drilling was used to
obtain 1 m samples from which
3 kg was pulverised to produce
a 30 g charge for fre 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 (eg submarine nodules)
may warrant disclosure of
detailed information.
Pre–G11 Resources

The diamond drilling collected samples over geological
intervals with core sizes of HQ and NQ the most frequent (advised
by client).

The core was stored in metal core trays in a secure site
location. The RC drilling collected samples at 1m intervals with
some compositing of adjacent samples in the less mineralised
locations.

If required re-sampling was carried out.

The RAB drilling collected samples over 1m intervals but
submitted composites of anywhere up to 6 adjacent samples. In
both instances composites were made by spearing sample piles
G11 Resources

Reverse Circulation (RC) drilling samples were collected
on the rig as individual 1m samples from a cone splitter mounted
beneath the cyclone return system.

Only those 1m samples within sulphide mineralised
zones for the RC component of each drillhole were submitted for
assay.

The cyclone and cone splitter were routinely cleaned
between drill rods and drillholes to maintain sample hygiene. All
sampling equipment was levelled to ensure even distribution of
sample material. No sampling instruments or tools requiring
calibration have been used as part of the sampling process.

Diamond drill core samples have been sawn in half
through zones identified by a qualified geologist as being
potentially mineralised.

The core has been cut either along a cut line or adjacent
to an orientation line to ensure that one side of the core is
consistently sampled, and that any orientation line is preserved in
the unsampled part of the core.

The RC and diamond drill core sampling techniques are
considered appropriate and representative for the style of
mineralisation evident at the Wilandra Copper Corridor.
Drilling
techniques

Drill type (eg core,
reverse circulation, open-hole
hammer,
rotary
air
blast,
auger, Bangka, sonic, etc) and
details (eg core diameter, triple
or standard tube, depth of
diamond tails, face-sampling
bit or other type, whether core
is oriented and if so, by what
method, etc).
G11 Resources

Reverse Circulation (RC) with HQ Diamond tail drilling
was completed.

RC drilling utilising an 8-inch diameter open-hole hammer
for the first 6m (pre-collar) and a 5.5-inch diameter face sampling
bit with a sample shroud, attached to a pneumatic piston hammer.

Diamond drilling was completed using HQ core size (47.6
mm core diameter).

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement
6 August 2024
Criteria
JORC Code explanation
Commentary

Orientation measurements were routinely collected each
run using a Reflex ACT III core orientation tool, with the core
oriented on site by G11 contractors.
Drill sample
recovery

Method of recording
and assessing core and chip
sample recoveries and results
assessed

Measures
taken
to
maximise
sample recovery
and
ensure
representative
nature of the samples.

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.
G11 Resources

The sample reject piles and 1m samples in calico bags
were visually inspected to assess drill recoveries. A qualitative
estimate of sample recovery, moisture & quality were recorded in
the geological log.

The majority of samples were of good quality with ground
water having minimal impact on recovery or quality.

Core recovery for the HQ core drilled was measured by the
field technician on a drill run by run basis, with core recovery in
excess of 95% recorded for all intervals.

There is no evidence of a material relationship between
sample recovery and grade.
Logging

Whether core and chip
samples
have
been
geologically
and
geotechnically logged to a
level of detail to support
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.

Whether
logging
is
qualitative or quantitative in
nature. Core (or costean,
channel, etc) photography.

The total length and
percentage of the relevant
intersections logged.
Pre–G11 Resources

All sample intervals are logged for material-type and
quantitative description of lithology, mineral content, alteration
and weathering conditions.

Hardcopy logs for some holes were reviewed in the
client’s office and found to be of acceptable detail and appropriate
for use in the mineralisation interpretation.

RC chip trays were collected and retained.

Core was photographed.

DataGeo was advised by the client that sample recovery
was in excess of 90% for diamond core and at similar levels for RC
and RAB sample returns. No details were provided.
G11 Resources

RC drill chips were washed and stored in chip trays in 1m
intervals for the entire length of each drillhole. RC chip trays have
been stored for future reference and chip tray photography is
available.

RC drill chips were visually inspected and qualitatively
logged by an onsite geologist to record weathering, lithology,
alteration, mineralisation, veining, and sample quality.

The RC drill chips have been geologically logged to a level
of detail to support appropriate geological and mineralisation
modelling for future mineral resource estimation.

Diamond drill core has been orientated, metre marked
and qualitatively logged by an onsite geologist for weathering,
lithology, alteration, mineralisation, veining, structure and sample
quality.

All diamond drill core has been quantitatively logged for
Rock Quality Designations (RQD) using Core10 methodology.
Sub-
sampling
techniques
and sample
preparation

If core, whether cut or
sawn and whether quarter, half
or all core taken.

If non-core, whether
riffled, tube sampled, rotary
split, etc and whether sampled
Pre–G11 Resources

Chip samples were dried, crushed and split to
approximately 1Kg and then pulverised to 80% passing 75micron.

Diamond core was halved prior to presentation to the
laboratory

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement
6 August 2024
Criteria
JORC Code explanation
Commentary
wet or dry

For all sample types,
the
nature,
quality
and
appropriateness of the sample
preparation technique

Quality
control
procedures adopted for all
sub-sampling
stages
to
maximise
representivity
of
samples.

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.

Whether sample sizes
are appropriate to the grain
size of the material being
sampled.

The analytical techniques applied was mostly a mixture of
ICP with atomic absorption finish or fire assay.
G11 Resources

RC drill samples were collected on the rig at 1m intervals.
Subsampling was carried out using a cone splitter beneath the
cyclone return system producing approximately mass splits of: o
Primary sample – 1m analytical sample – 7.5% - up to 3kg o Bulk
reject –92.5%.

All samples collected were dry with no wet samples
recorded.

As only a small proportion of the RC precollars were sent
for analysis, no field duplicate samples were collected and
submitted for analysis.

RC drill samples were submitted to ALS Adelaide for
preparation and sub-sampling prior to analysis. Laboratory
preparation involved:

Registering and weighing of the raw samples upon receipt.
o Pulverise up to 3kg of raw sample to better than 85% of the
sample passing 75 microns.

Samples over 3kg were split in a cone splitter prior to
pulverising.

200g sub-sample from the pulverising bowl using a
spatula to a numbered pulp bag.

The multielement samples were taken from the 200g pulp
after ensuring the sample selected is homogenous.

HQ diamond drill core sampling methodology utilised a
minimum sample of 0.3m and a maximum sample length of 0.8m,
with sample intervals selected to match geological intervals. The
sample lengths have been chosen so that the weight of the sample
submitted to the laboratory is under the 3kg threshold applied by
the laboratory (any sample above 3kg is crushed and then split to
be less than 3kg prior to pulverization).

The core has been cut along either a cut-line or adjacent
to an orientation line in a manner to ensure that one side of the core
is consistently sampled and that any orientation line is preserved
in the un-sampled part of the core.

Routine field duplicate samples within the main target
zones have been collected, with the original half core, sawn in half
again so that the primary and duplicate sample sizes are
consistent. At least one field duplicate has been selected for each
mineralised intercept, with any intercept containing more than 20
samples, having field duplicates taken at 1:20 samples.

Diamond drill samples were submitted to ALS Adelaide for
preparation and sub-sampling prior to analysis. Laboratory
preparation involved:

Registering and weighing of the raw samples upon receipt.
o Crush and pulverise up to 3kg of raw sample to better than 85%
of the sample passing 75 microns.

200g sub-sample from the pulverising bowl using a
spatula to a numbered pulp bag.

The multielement samples were taken from the 200g pulp

G11 Resources Limited

ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement
6 August 2024
Criteria
JORC Code explanation
Commentary
after ensuring the sample selected is homogenous.

The RC and diamond core sub-sampling techniques are
considered representative of the in-situ material and the
procedures and sample sizes are appropriate for the style and
grainsize of the mineralisation being tested.
Quality of
assay data
and
laboratory
tests

The nature, quality and
appropriateness
of
the
assaying
and
laboratory
procedures used and whether
the technique is considered
partial or total.

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.

Nature
of
quality
control procedures adopted
(eg
standards,
blanks,
duplicates, external laboratory
checks)
and
whether
acceptable levels of accuracy
(ie lack of bias) and precision
have been established.
Pre–G11 Resources

The client advised that both internal and laboratory
results from the analysis of standards, blanks and duplicates was
within acceptable ranges. The client did not provide this
information to DataGeo.
G11 Resources

All RC and HQ diamond core samples were analysed by
ALS Adelaide and Perth, an independent National Association of
Testing Authorities (NATA) certified laboratory.

All RC and HQ diamond core samples were analysed
using a multi-element ultra trace method combining a near-total,
fouracid digestion with ICP-MS instrumentation (ME-MS61).

Samples returning >10,000ppm triggered analysis of ore
grade Cu, Zn & S using an aqua regia digestion and conventional
ICPAES analysis (ME-OG62).

Selected HQ diamond core samples were analysed for
gold using a fire assay fusion and AAS analysis on a 50g nominal
sample weight. The samples selected corresponded to sulphide
intersections.

Specific gravity measurements were taken for selected
half core, HQ diamond core samples by method OA-GRA08, a
standard water immersion method (no wax coating).

Quality control procedures included regular submission
of Certified Reference Material (CRM), blank and field duplicate
samples.

Matrix matched CRM’s were inserted at a rate of 1 in 20
samples. Five different CRM’s were used to cover the expected
range of base metal grades. The site geologist selected the
appropriate CRM based on the expected grade of the mineralised
intersections in the drillhole. The performance of the CRM was
assessed on a batch-by-batch basis using a 2SD error limit from the
expected value, with no failures reported for any of the five CRM’s
used.

Coarse blanks were inserted at a rate of 1 in 20 samples.
The analytical results of the blank were reviewed to detect any
potential contamination in the laboratory preparation. A result
greater than 100ppm Cu or Zn was used to determine failure of the
coarse blank. No contamination issues were identified.

Field duplicate samples were inserted at a rate of 1 in 20
samples in and around mineralised intercepts. The results of the
field duplicates are in line with the expected variability for the style
of mineralisation being targeted.

The assaying protocols for the RC and diamond core
samples was developed to ensure that the expected levels of
accuracy and precision are met for the style of mineralisation being
targeted.

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement
6 August 2024
Criteria JORC Code explanation
Commentary
Verification
of sampling
and
assaying

A review of the quality control sample results indicates no
significant analytical bias or preparation errors in the reported
assays.

The
verification
of
significant
intersections
by
either
independent
or
alternative
company
personnel.

The use of twinned
holes.

Documentation
of
primary
data,
data
entry
procedures, data verification,
data storage (physical and
electronic) protocols.

Discuss
any
adjustment to assay data.
G11 Resources

Sampling intervals and numbering were systematically
checked by the site geologist and field technician during the RC and
diamond core sampling.

Core photographs have been taken and include the
sample interval marks so that verification can be completed once
assays are received.

Internal verification of the significant intercepts was
completed by the Senior Geologist through the comparison of the
chip trays and diamond core photos and the assays received to
ensure
the
mineralised
intercepts
matched
the
logged
mineralisation.

No twinned holes have been completed to date.

Field data was logged directly onto field laptops using
preformatted and validated logging templates. The field data was
imported to the Plexer cloud-based, restricted-access database
post drilling. Assay data was imported automatically through the
ALS – Plexer integration function. In-built checks in Plexer flags
errors and ensures assay batches pass validation checks prior to
upload. A batch QAQC control chart report was generated after
assays were successfully loaded into Plexer.

No adjustments or calibrations were made to any assay
data.
Location of
data points

Accuracy and quality
of surveys used to locate drill
holes (collar and down-hole
surveys),
trenches,
mine
workings and other locations
used in Mineral Resource
estimation

Specification of the
grid system used.

Quality and adequacy
of topographic control.
Pre–G11 Resources

The location of the drill hole collars was reportedly
surveyed using standard surveying equipment from a local base
station (It is not known whether this was carried out by licensed
surveyors).

The trace of the RC and diamond drill holes has been
downhole surveyed using a camera.
G11 Resources

The drill collar locations were determined by handheld
GPS with an accuracy of +/-5m. Drill collar locations will be
surveyed by a licensed surveyor at a later date, prior to any Mineral
Resource modelling and estimation.

Downhole surveys were carried out every 30m using an
Axis Champ north seeking gyroscope.

The grid system used is Map Grid of Australia 1994 – Zone
54.

Surface RL data will be approximated using a Digital
Elevation Model derived for SRTM data, until adequate collar
surveys are collected.
Data
spacing and
distribution

Data
spacing
for
reporting
of
Exploration
Results.

Whether
the
data
spacing and distribution is
sufficient to establish the
Pre–G11 Resources

The drill holes are positioned along the strike of the
deposit ranging in spacing from 40 to 150m depending on the
prospect.
G11 Resources

G11 Resources Limited

ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement
6 August 2024
Criteria
JORC Code explanation
Commentary
degree of geological and grade
continuity appropriate for the
Mineral Resource and Ore
Reserve
estimation
procedure(s)
and
classifications applied.

Whether
sample
compositing has been applied.

Drillhole spacing was variable throughout the program
dependant on the exploration target.

RC drillhole sample distribution included 1m samples
taken in zones of interest.

Diamond drill sample distribution included between
30cm & 80cm length samples in zones of interest.

Data spacing and distribution is considered appropriate
for the stage of exploration and style of mineralisation.
Orientation
of data in
relation to
geological
structure

Whether
the
orientation
of
sampling
achieves unbiased sampling of
possible structures and the
extent to which this is known,
considering the deposit type.

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
if
material.

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
if
material.
G11 Resources

The general orientation of copper mineralisation is NW
striking and moderately to steeply dipping.

The RC – diamond tail drilling was designed perpendicular
in azimuth to the general NW striking trend of the regional geology.

It is too early to establish if the drilling orientation has
introduced a sampling bias for the majority of the drilling.
Sample
security

The measures taken to
ensure sample security.
G11 Resources

Chain of custody protocols to ensure sample security
were standard procedure for the RC diamond tail drilling program.

Prenumbered calico bags were tied, grouped by sample
ID into polywoven bags and cable tied. The polywoven bags were
placed into larger bulka bags for transport by a registered freight
company to ALS Adelaide. Consignment notes were issued to track
the sample delivery to the laboratory.

For the diamond drill core, full core trays for the zones of
interest were transported off-site by G11 staff or Contractors and
delivered to either the core processing facility or to a registered
freight company for delivery to the core processing facility.

Each sample dispatch was itemised and emailed to the

laboratory for reconciliation upon arrival.
Audits or
reviews

The results of any
audits or reviews of sampling
techniques
Pre–G11 Resources

Review and checks on samples locations were carried out
by the Database Consultant during the data compilation stage.
G11 Resources

No audits were undertaken as sample techniques were
considered sufficient for the stage of exploration.

Section 2 Reporting of Exploration Results

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement
6 August 2024
Criteria
JORC Code explanation
Mineral
tenement
and land
tenure
status

Type,
reference
name/number, location and
ownership
including
agreements or material issues
with third parties such as joint
ventures,
partnerships,
overriding royalties, native title
interests,
historical
sites,
wilderness or national park
and environmental settings.

The security of the
tenure held at the time of
reporting along with any known
impediments to obtaining a
licence to operate in the area.
G11 Resources

The Koonenberry Project is in the Koonenberry Belt, New
South Wales. The project is made up of twelve exploration licences
held by Evandale Minerals Pty Ltd & Great Western Minerals Pty Ltd,
both wholly owned subsidiaries of G11 Resources Ltd.

100% of the drillholes were completed on EL6400.

Third party rights include:
o
NSR royalty on all products produced from tenements
EL8721, EL8722, EL8791, EL8909.

EL6400 and EL9289 do not contain any third-party rights.

There is no native title in place.
Exploration
done by
other parties

Acknowledgment and
appraisal of exploration by
other parties.
G11 Resources

High-grade copper was extracted from the historic
Grasmere copper mine in the Wilandra Copper Corridor during the
late 1800’s and early 1900’s. Historic production was reported to
have been 600 tonnes at grades of 10-30% copper.

Exploration within the Wilandra Copper Corridor has been
ongoing on a semi-consistent basis since the mid 1970’s with a
summary of the key work programs provided below:
o
Esso Exploration (1975 – 1977): Mapping, surface
geochemical
sampling,
trenching,
and
various
geophysical surveys (EM, magnetics, Mise-a-la-Mass and
IP) completed along with 3,172.3m of a combination of
mostly percussion and minor DD in 54 holes on 22 Fence
lines across the outcropping gossan.
o
Amoco Minerals (1980 – 1982): Mapping, surface
geochemical sampling, geophysical surveys (gravity and
EM) and 971m of percussion drilling in 5 holes following
up the Esso Exploration drilling.
o
Seltrust BP Minerals (1984 – 1985): Mapping, surface
geochemical sampling, Aeromag survey and 3,246m of
shallow percussion drilling in 164 holes testing aeromag
anomalies.
o
CRAE (1989 – 1992): Surface geochemical sampling,
geophysical surveys (HeliMag and EM) and 2,112.2m of
RC & DD in 11 holes.
o
Platsearch NL (1998 – 2004): Field reconnaissance,
surface geochemical sampling and EM geophysical
surveys.
o
Black Range Minerals (2005 – 2009): Structural mapping
and interpretation, surface geochemical sampling,
geophysical surveys (EM and gravity) and 11,050.6m of RC
& DD in 72 holes for use in a mineral resource estimate. o
Ausmon Resources (2009 – 2020): Geological mapping,
data review, geophysical surveys (magnetic and
radiometrics), petrographic analysis, and 1,769.7m of RC
& DD in 13 holes

The relevant information from previous exploration is
collated in reports that were evaluated by the Company and used

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement
6 August 2024
Criteria
JORC Code explanation
by the Company to determine areas of priority for exploration.
Geology

Deposit
type,
geological setting and style of
mineralisation.
G11 Resources

The Koonenberry Project lies within the Koonenberry Belt,
on the eastern margin of the Curnamona Craton in western NSW.
The Koonenberry Belt consists of multiple deformed Late
Proterozoic and Cambrian sedimentary and volcanic rocks with
less deformed cover sequences that range from Late Cambrian to
Cretaceous in age.

Copper mineralisation in the Wilandra Copper Corridor
occur as a magnetite-bearing, massive sulphide body associated
with a zone of silicification and deformation along the contact of a
magnetic meta-andesite-basalt and a metasediment package. The
copper mineralisation outcrops as semi continuous gossans
traceable over several kilometres in strike.

Two deposit models have been proposed: a) Beshi
(peliticmafic) volcanic associated massive sulphide (VAMS), where
copper mineralisation has subsequently been deformed and
remobilised into a fault/shear zone; b) Epigenetic, structurally
controlled high sulphide deposit.

Recent drilling supports the model of two mineralisation
episodes, a primary syngenetic event, and a later remobilisation in
a controlling structure.
Drill hole
Information

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:

easting and northing of
the drill hole collar

elevation
or
RL
(Reduced Level – elevation
above sea level in metres) of
the drill hole collar

dip and azimuth of the
hole

down hole length and
interception depth

hole length.

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.
G11 Resources

A full list of information can be found in previous ASX
releases by G11 Resources. A select list of holes relevant to this
study is listed in Appendix II.
Data
aggregation
methods

In
reporting
Exploration Results, weighting
averaging
techniques,
maximum and/or minimum
grade truncations (eg cutting of
high grades) and cut-off grades
are
usually
Material
and
G11 Resources

The data used to estimate the Exploration Target has used
exploration results previously reported by G11 Resources.

The following criteria was used to aggregate the data:
o
Ore / waste cutoff value – 0.25% Cu

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement
6 August 2024
Criteria
JORC Code explanation
should be stated.

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.

The assumptions used
for any reporting of metal
equivalent values should be
clearly stated.
o
o
o
o
o
o
o
Minimum ore run length – 3m
Waste absorption max length – 2m (where internal waste
is >2m, then two ore lengths are generated)
Upper waste dilution length – 2m
Lower waste dilution length – 2m
Dilution only if ore length < minimum length
Minimise dilution length
No metal equivalent values have been reported
Relationship
between
mineralisati
on widths
and
intercept
lengths

These
relationships
are particularly important in
the reporting of Exploration
Results.

If the geometry of the
mineralisation with respect to
the 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
(eg ‘down hole length, true
width not known’).
G11 Resources

Appendix III lists the intervals and true widths of the
drillhole intercepts. The true width of each zone has been
calculated using the following mineralised orientations:
o
Peveril - dip / dip direction of 70/202 degrees
o
Central Gossan - dip / dip direction of 80/040 degrees
o
Grasmere - dip / dip direction of 82/195 degrees

Figure 3 and Figure 4 show a plot of copper grades and
true width. This data suggests that there is weak association (but
not a correlation) with width and grade.
Figure 3 – Grade vs True Width (Peveril)
Figure 4 – Grade vs true width (Grasmere)
Diagrams

Appropriate maps and
sections (with scales) and
tabulations
of
intercepts
should be included for any
significant
discovery
being
G11 Resources
The appropriate diagrams are included in this report

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement
6 August 2024
Criteria
JORC Code explanation
reported
These
should
include, but not be limited to a
plan view of drill hole collar
locations
and
appropriate
sectional views.
Balanced
reporting

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 misleading
reporting
of
Exploration
Results.
G11 Resources
The information within is considered a balanced report
Other
substantive
exploration
data

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 contaminating
substances.
G11 Resources

There is no other substantive exploration data related to
the Exploration target. Further and additional information relating
to the overall geology of the Wilandra prospected can be found in
previous ASX releases.
Further work

The nature and scale
of planned further work (eg
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
commercially sensitive.
G11 Resources

Further work includes ground-based Moving Loop EM and
In-Line IP surveys will be completed over key target areas at
Wilandra.

In addition, RC and diamond core drilling programs at
Wilandra Central to extend the identified copper mineralisation
along strike and at depth and test new EM plates identified by the
MLEM and IP surveys

Appendix II: Drillhole Collar Information

HOLE ID TYPE Collar X Collar Y Collar Z Dip Azi TD
ADD01 DD 661,443 6,537,351 206 -60 200 287.7
ADD02 DD 661,075 6,537,331 203 -60 20 192.8
ADD04 DD 661,365 6,537,401 206 -60 200 289.2
DD89GR01 DD 663,205 6,535,732 210 -60 12 136.5
DD89GR03 DD 661,353 6,537,333 205 -60 193 160
DD90GR07 DD 663,170 6,535,639 209 -55 12 257
DD90GR08 DD 663,092 6,535,722 211 -70 12 220.3
DD90GR09 DD 663,286 6,535,660 208 -73 12 210.9

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement

6 August 2024

==> picture [107 x 100] intentionally omitted <==

DD91GR11 DD 663,106 6,535,604 212 -65 5 404
ESSO02 RC 663,549 6,535,553 204 -60 38 86
ESSO04 RC 662,727 6,536,094 204 -60 188 54
ESSO05 RC 662,742 6,536,113 204 -60 188 80
ESSO07 RC 662,250 6,536,448 208 -60 18 46
ESSO08 RC 662,240 6,536,432 209 -60 18 102
ESSO11 RC 661,325 6,537,250 205 -60 18 38
ESSO12 RC 661,319 6,537,233 205 -60 18 98
ESSO18 RC 661,193 6,537,337 204 -60 28 70
ESSO22 RC 662,927 6,535,839 209 -61 14 48
ESSO25 RC 660,683 6,537,561 203 -58 23 58
ESSO26 RC 660,647 6,537,576 205 -62 18 42
ESSO27 RC 660,641 6,537,561 205 -60 18 68
ESSO28 RC 660,463 6,537,624 208 -60 18 68
ESSO43 RC 661,314 6,537,235 205 -55 23 66
GP01 RC 661,537 6,537,133 210 -70 20 198
GP04 RC 661,313 6,537,216 205 -65 20 220
GP05 RC 661,551 6,537,175 209 -60 200 151
GR24RC014 RC 661,588 6,537,003 212 -62 18 362
GR24RC015 RC 661,608 6,537,006 212 -65.8 14 304
GR24RC017 RC 661,642 6,537,275 208 -66 198 346
GR24RC019 RC 661,671 6,537,265 209 -66 198 382
GR24RCD006 DD 660,693 6,537,382 205 -72 20 364.6
GR24RCD007 DD 661,115 6,537,235 202 -73.5 13.4 351.6
GS0001 RC 663,332 6,535,672 206 -61.12 20.83 180
GS0003 RC 663,219 6,535,708 210 -56.4 26.3 150
GS0004 RC 663,594 6,535,531 202 -60.95 23.35 84
GS0006 RC 663,185 6,535,812 209 -60.65 201.14 138
GS0007 RC 661,568 6,537,059 211 -62.36 23.69 174
GS0008 RC 661,404 6,537,152 207 -59.88 22.7 138
GS0009 RC 661,341 6,537,201 206 -59.4 22.75 138
GS0011 RC 663,492 6,535,619 203 -60.1 200.19 198
GS0012 RC 663,288 6,535,852 206 -58.95 201.74 194
GS0014 RC 663,165 6,535,710 210 -60.46 21.54 180
GS0015 RC 663,155 6,535,689 210 -60.18 22.12 198
GS0016 RC 663,180 6,535,751 210 -61.24 20.43 150
GS0017 RC 663,173 6,535,731 210 -60.4 21.32 102
GS0018 RC 660,745 6,537,452 202 -60.26 18.32 240
GS0019 RC 660,790 6,537,559 203 -60.32 24.42 120
GS0020 RC 660,687 6,537,552 203 -60.89 23.6 192
GS0022 RC 661,559 6,537,039 211 -61.05 24.11 228
GSD01 DD 663,676 6,535,466 200 -50 20 122.52
GSD02 DD 663,244 6,535,675 209 -50 20 123.44
GSRC001 RC 663,379 6,535,622 206 -65 15 163
GSRD004 RC 663,009 6,535,777 210 -65 15 120
GSRD005 RC 662,907 6,535,791 210 -65 15 144

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement

6 August 2024

==> picture [107 x 100] intentionally omitted <==

GSRD014 RC 662,108 6,536,525 210 -60 10 106
GSRD019 RC 661,527 6,537,093 211 -62.5 10 80
GSRD026 RC 663,237 6,535,529 210 -66 10 282
GSRD027 RC 663,529 6,535,487 202 -64 10 172
GSRD028 RC 663,293 6,535,832 207 -63 190 220
GSRD029 RC 661,385 6,537,196 207 -62 10 64
GSRD030 RC 661,501 6,537,031 210 -65 10 224
GSRD032 RC 662,632 6,536,084 205 -62 10 69
GSRD034 RC 663,296 6,535,689 208 -62 10 76
GSRD035 RC 663,183 6,535,680 211 -63 10 160
GSRD036 RC 663,141 6,535,687 211 -65 10 160
GSRD037 RC 663,104 6,535,759 210 -62 10 76
GSRD038 RC 660,675 6,537,514 203 -65 10 207
GSRD040 RC 661,469 6,537,107 209 -60 12 82
GSRD041 RC 661,452 6,537,062 209 -60 12 244
GSRD042 RC 661,436 6,537,148 208 -60 12 76
GSRD043 RC 661,417 6,537,101 208 -60 12 171
GSRD045 RC 660,562 6,537,539 205 -60 12 130
GSRD046 RC 660,769 6,537,521 203 -60 6 147
GSRD050 RC 662,609 6,536,026 206 -65 12 184
GSRD053 RC 663,347 6,535,546 207 -65 12 148
GSRD054 DD 663,216 6,535,474 212 -65 12 423
GSRD056 RC 663,743 6,535,436 200 -65 12 130
GSRD057 DD 663,338 6,535,461 208 -70 12 327.3
GSRD058 RC 662,711 6,535,989 206 -60 12 172
GSRD060 RC 661,261 6,537,258 204 -65 12 130
GSRD061 RC 661,055 6,537,425 205 -65 12 94
GSRD062 RC 660,954 6,537,434 206 -65 12 106
GSRD064 RC 660,372 6,537,623 209 -65 12 100
GSRD065 RC 660,756 6,537,487 202 -65 12 178
GSRD067 RC 661,035 6,537,373 204 -65 12 160
GSRD068 RC 661,150 6,537,387 204 -70 12 82
GSRD069 RC 661,141 6,537,323 203 -65 12 164
GSRD073 DD 661,470 6,536,947 210 -68 12 522.2
PD89GR06 RC 663,165 6,535,745 210 -65 350 80

Appendix III: Drillhole Mineralised Interval Details

Peveril

HOLE ID MID X MID Y MID Z FROM
(m)
TO(m) LENGTH
(m)
TRUE
THICKNESS
(m)
Cu(%)
ADD01 661396.38 6537217.83 -7.15 252.75 259.00 6.25 1.72 1.90
ADD02 661109.48 6537406.78 68.08 157.30 160.30 3.00 2.36 0.26
ADD04 661323.16 6537271.04 -25.96 268.15 271.15 3.00 0.65 2.58
DD89GR03 661327.59 6537276.08 105.33 116.25 119.25 3.00 0.67 0.36

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement

6 August 2024

ASX An nounce
6 Augus
HOLE ID MID X MID Y MID Z FROM
(m)
TO(m) LENGTH
(m)
TRUE
THICKNESS
(m)
Cu(%)
ESSO11 661327.16 6537256.66 192.96 10.00 18.00 8.00 6.12 0.30
ESSO12 661332.91 6537275.80 127.44 84.00 96.00 12.00 9.18 1.54
ESSO18 661205.91 6537361.28 156.51 52.00 58.00 6.00 4.58 0.44
ESSO25 660690.66 6537579.05 171.72 35.50 38.50 3.00 2.36 0.19
ESSO26 660652.08 6537591.63 173.61 33.50 36.50 3.00 2.23 0.34
ESSO27 660648.57 6537584.30 162.17 47.50 50.50 3.00 2.30 0.20
ESSO28 660471.50 6537650.15 160.13 53.50 56.50 3.00 2.30 0.48
ESSO28 660472.27 6537652.53 155.80 58.00 62.00 4.00 3.06 0.45
ESSO43 661328.04 6537268.07 154.06 61.14 64.14 3.00 2.46 2.06
GP01 661537.54 6537134.35 205.31 0.00 10.00 10.00 6.43 0.46
GP04 661325.68 6537251.71 124.67 85.00 93.00 8.00 5.66 0.70
GP05 661532.23 6537124.02 115.17 104.00 113.00 9.00 1.56 0.99
GR24RC014 661604.54 6537109.90 -82.73 310.00 319.00 9.00 5.25 2.69
GR24RC015 661634.55 6537091.51 -37.72 264.00 267.00 3.00 1.73 1.71
GR24RC017 661577.58 6537127.87 -77.97 327.00 332.00 5.00 1.51 2.48
GR24RC017 661574.07 6537122.09 -86.64 339.00 342.00 3.00 0.90 0.17
GR24RC019 661610.17 6537112.40 -115.18 363.00 367.00 4.00 1.20 1.48
GR24RCD006 660791.51 6537506.87 -98.76 341.2 347.4 6.20 5.00 2.07
GR24RCD007 661197.75 6537316.18 -105.92 327.90 334.00 6.10 3.82 1.34
GS0007 661585.51 6537116.79 78.47 143.00 149.00 6.00 4.43 2.70
GS0008 661429.15 6537202.48 129.39 94.00 99.00 5.00 4.30 2.72
GS0009 661360.06 6537238.64 141.63 75.00 79.00 4.00 3.34 0.91
GS0018 660814.53 6537546.37 48.85 193.00 196.00 3.00 2.53 0.15
GS0019 660815.91 6537593.70 122.53 90.50 93.50 3.00 2.05 1.16
GS0020 660695.65 6537567.75 168.56 37.00 42.00 5.00 3.64 1.25
GS0020 660697.03 6537569.87 163.68 43.50 46.50 3.00 2.23 0.27
GS0022 661566.68 6537125.82 14.73 214.50 217.50 3.00 1.97 1.68
GSRD019 661537.65 6537115.95 167.84 48.00 52.00 4.00 3.16 0.45
GSRD019 661540.98 6537122.28 157.00 60.00 66.00 6.00 4.99 0.93
GSRD029 661395.41 6537217.85 162.46 46.00 55.00 9.00 6.77 4.38
GSRD030 661555.11 6537135.39 29.59 214.00 218.00 4.00 3.38 2.02
GSRD038 660724.72 6537610.83 38.60 196.00 200.00 4.00 3.36 1.19
GSRD040 661482.35 6537140.37 150.66 66.00 71.00 5.00 4.05 2.02
GSRD041 661493.79 6537166.48 12.13 225.00 230.00 5.00 3.72 2.28
GSRD042 661446.80 6537175.00 159.63 52.00 61.00 9.00 7.19 2.44
GSRD042 661448.21 6537178.54 153.76 62.00 65.00 3.00 2.40 0.21
GSRD043 661447.53 6537177.34 81.71 148.00 154.00 6.00 5.25 1.11
GSRD043 661449.12 6537181.30 76.80 156.00 159.00 3.00 2.62 0.16
GSRD045 660582.48 6537590.20 112.19 106.00 110.00 4.00 3.15 1.14
GSRD046 660788.12 6537588.58 91.69 130.00 133.00 3.00 2.45 2.75
GSRD060 661280.92 6537307.81 109.01 107.00 111.00 4.00 2.95 1.03
GSRD061 661063.55 6537446.37 158.55 50.50 53.50 3.00 2.40 0.86
GSRD062 660971.86 6537478.65 121.87 95.50 98.50 3.00 2.46 1.33
GSRD064 660386.76 6537659.90 130.30 86.50 89.50 3.00 2.26 0.49
GSRD065 660786.64 6537563.60 68.11 156.50 159.50 3.00 2.52 0.84

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement

6 August 2024

ASX An nounce
6 Augus
HOLE ID MID X MID Y MID Z FROM
(m)
TO(m) LENGTH
(m)
TRUE
THICKNESS
(m)
Cu(%)
GSRD067 661057.82 6537430.04 71.98 145.00 148.00 3.00 2.49 2.47
GSRD068 661160.40 6537413.00 139.40 69.00 72.00 3.00 2.23 1.87
GSRD069 661167.72 6537389.80 69.69 151.00 154.00 3.00 2.56 1.78
GSRD073 661703.36 6537005.22 -216.80 491.39 494.39 3.00 1.58 0.83

Central Gossan

HOLE ID MID X MID Y MID Z FROM
(m)
TO(m) LENGTH
(m)
TRUE
THICKNESS
(m)
Cu(%)
ESSO04 662724.91 6536079.15 177.98 28.00 32.00 4.00 2.27 0.80
ESSO05 662737.16 6536078.59 143.86 68.00 71.00 3.00 1.70 0.65
ESSO07 662255.72 6536465.60 176.05 34.00 40.00 6.00 1.84 1.53
ESSO08 662253.29 6536472.90 134.39 84.50 87.50 3.00 0.92 0.59
ESSO08 662254.22 6536475.75 129.20 90.00 94.00 4.00 1.23 0.74
GSRD014 662124.44 6536563.65 135.66 83.50 86.50 3.00 0.96 0.37
GSRD032 662644.40 6536111.71 154.70 56.00 61.00 5.00 2.05 1.23
GSRD050 662647.21 6536121.53 71.01 170.00 173.00 3.00 1.80 0.39
GSRD058 662752.34 6536092.36 92.11 159.50 162.50 3.00 2.07 0.51

Grasmere

HOLE ID MID X MID Y MID Z FROM
(m)
TO(m) LENGTH
(m)
TRUE
THICKNESS
(m)
Cu(%)
DD89GR01 663218.45 6535765.40 148.44 68.40 73.60 5.20 3.18 2.80
DD90GR07 663221.11 6535745.25 56.76 189.90 196.00 6.10 4.43 2.73
DD90GR08 663112.64 6535778.58 45.39 174.20 178.00 3.80 1.78 1.93
DD90GR09 663306.19 6535696.67 93.52 120.00 123.60 3.60 1.74 3.78
DD90GR09 663310.59 6535703.98 73.92 141.05 145.30 4.25 2.19 2.48
DD91GR11 663162.07 6535761.12 -112.38 363.65 366.65 3.00 1.89 0.08
ESSO02 663562.24 6535569.94 166.45 40.00 46.00 6.00 3.46 0.84
ESSO22 662930.64 6535853.58 182.13 28.00 34.00 6.00 3.61 0.67
GS0001 663351.56 6535700.48 138.33 74.00 79.00 5.00 2.53 0.66
GS0003 663243.42 6535751.18 138.31 83.00 91.00 8.00 5.45 1.62
GS0004 663607.21 6535549.97 163.40 43.50 46.50 3.00 1.77 0.44
GS0006 663160.81 6535768.66 136.70 86.00 89.00 3.00 1.38 1.70
GS0011 663491.23 6535616.90 199.51 3.00 6.00 3.00 1.11 0.30
GS0011 663490.07 6535613.68 193.40 7.00 16.00 9.00 3.12 0.55
GS0011 663487.51 6535606.15 178.37 27.00 30.00 3.00 1.02 0.18
GS0011 663486.42 6535603.47 173.13 33.00 36.00 3.00 1.18 0.91
GS0011 663478.29 6535589.65 147.77 63.00 66.00 3.00 1.20 0.15
GS0011 663466.99 6535572.65 116.92 100.00 103.00 3.00 1.23 0.26
GS0012 663214.96 6535752.21 60.61 191.00 194.00 3.00 1.47 2.31
GS0014 663198.71 6535766.05 105.26 122.00 126.00 4.00 2.51 0.62
GS0015 663208.30 6535760.46 84.97 153.00 156.00 3.00 1.95 0.82

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000

ASX Announcement

6 August 2024

ASX An nounce
6 Augus
HOLE ID MID X MID Y MID Z FROM
(m)
TO(m) LENGTH
(m)
TRUE
THICKNESS
(m)
Cu(%)
GS0016 663191.92 6535775.87 161.22 52.00 60.00 8.00 4.79 2.06
GS0017 663194.13 6535770.89 140.34 79.00 88.00 9.00 6.25 2.01
GSD01 663695.97 6535521.61 129.11 90.98 94.03 3.05 2.26 0.86
GSD02 663265.83 6535734.98 133.34 97.80 100.80 3.00 2.22 0.98
GSRC001 663388.42 6535637.43 166.58 41.50 44.50 3.00 1.62 0.24
GSRD004 663030.55 6535813.78 140.96 80.00 83.00 3.00 2.00 0.27
GSRD005 662940.92 6535846.89 110.75 118.00 123.00 5.00 4.06 1.07
GSRD026 663309.96 6535670.41 10.42 255.50 258.60 3.10 2.32 0.88
GSRD027 663555.52 6535537.69 57.42 154.00 157.00 3.00 1.34 0.47
GSRD028 663238.04 6535724.37 38.15 207.00 210.00 3.00 1.63 2.44
GSRD034 663307.28 6535715.30 158.33 55.00 60.00 5.00 3.21 1.48
GSRD035 663223.56 6535759.64 97.30 144.00 148.00 4.00 3.45 0.94
GSRD036 663183.67 6535772.98 100.52 148.50 151.50 3.00 2.77 0.31
GSRD037 663117.41 6535789.34 163.82 54.00 62.00 8.00 6.41 1.32
GSRD053 663376.95 6535620.89 98.22 135.50 138.50 3.00 2.50 1.39
GSRD054 663287.99 6535642.99 -136.67 394.10 397.10 3.00 1.93 1.51
GSRD054 663290.13 6535647.63 -144.68 403.60 406.60 3.00 1.93 0.13
GSRD056 663767.11 6535496.29 97.53 120.00 123.00 3.00 2.22 0.17
GSRD057 663394.34 6535601.85 -54.75 302.35 307.00 4.65 3.33 0.81
GSRD057 663395.64 6535605.11 -59.24 308.88 311.88 3.00 2.15 0.26
PD89GR06 663165.01 6535772.08 152.30 60.50 67.00 6.50 3.45 2.85

G11 Resources Limited ABN: 32 141 804 104 Level 21, 459 Collins Street, Melbourne, Vic 3000