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GATEWAY MINING LIMITED Capital/Financing Update 2019

Oct 2, 2019

64999_rns_2019-10-02_3d7e61c7-a049-4947-bdb2-b4582355b25c.pdf

Capital/Financing Update

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ABN: 31 008 402 391 Level 11, 52 Phillips Street Sydney NSW 2000 GPO Box 225 Sydney NSW 2001 Tel: 61 2 8316 3998 Fax: 61 2 8316 3999 Website: www.gatewaymining.com.au

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ASX Announcement: 3 October 2019

MAIDEN 240,000oz RESOURCE SETS STRONG FOUNDATION FOR NEXT PHASE OF GROWTH AT GIDGEE GOLD PROJECT, WA

Outstanding growth potential to be tested by new drilling program, with maiden Resources open in all directions and covering only a small portion of an 18km long prospective contact

HIGHLIGHTS

  • Maiden JORC 2012 Mineral Resource estimate completed for the cornerstone Whistler and Montague Gold Deposits at Gateway’s 100%-owned Gidgee Gold Project, WA:

  • Inferred Resource of 3,425,000 tonnes @ 2.2g/t for 240,000 ounces of contained gold.

  • The Whistler Resource remains open in all directions, with immediate strong potential to extend the mineralisation along strike to the north and south, down-plunge and in a series of separate flat-lying structures discovered recently.

  • The Montague Resource also remains open in all directions and has demonstrated potential for multiple parallel structures at depth as well as expansion of the granite stockwork mineralisation.

  • The maiden Whistler and Montague Resources represent only a minor portion of the prospective contact of the Montague Granodiorite, which extends for at least 18 strike kilometres.

  • To advance the resource expansion and exploration push, a major new drilling program of ~16,000m of Reverse Circulation and air-core drilling has commenced this week. Drilling will target:

  • The immediate next stage of resource expansion at both the Whistler and Montague Gold Deposits;

  • Conversion of a newly-defined Exploration Target for the Achilles Target, which will be announced immediately after this announcement, into a JORC 2012 compliant Mineral Resource; and

  • A series of positions along the margin of the Montague Granodiorite that have been targeted using the recently acquired detailed gravity dataset.

Gateway Mining Limited (ASX: GML) ( Gateway or Company ) is pleased to report a maiden JORC 2012 Inferred Mineral Resource estimate (MRE) for the Company’s 100%-owned Gidgee Gold Project , Western Australia (Figure 1). This initial Mineral Resource position represents the first step in what is expected to be an ongoing process of resource growth and upgrade, over the short to medium term.

The reported Mineral Resources, comprising a total Inferred Resource of 3.425 million tonnes grading 2.2g/t Au 240,000 ounces of contained gold , relate to the Whistler Gold Deposit and Montague Gold Deposit , which are both located on the prospective margin of the Montague Granodiorite. The two Resources are located approximately 800m apart (see Figure 1). The Montague Resource has a component of quartz-stockwork gold mineralisation in the base of the historical open pit which is now referred to as the Boulder Gold Deposit.

Gateway Mining Managing Director, Mr Peter Langworthy, said the completion of a maiden Resource for these two key deposits represented an important first step in the Company’s strategy to develop a new large-scale gold project at Gidgee.

“We are pleased to publish our first JORC Mineral Resource statement for the Gidgee Project, which sets a strong initial foundation for us to unlock the broader potential of this exciting and highly prospective emerging gold project,” he said.

“We have already embarked on a major new drilling campaign following our recent highly successful raising designed to expand and upgrade both Resources, which remain open in all directions. The new drilling program will also focus on the exciting new Achilles Target, where we will today publish an Exploration Target, and other exciting prospects identified in recent months along the highly prospective Montague Granodiorite.

“This is an exciting time for Gateway as we begin to crystallise the value of the Gidgee Project and fast-track our broader exploration efforts to unlock new discoveries and rapidly build our Mineral Resource base.”

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Figure (1): Gidgee Gold Project Location Plan

Resource Summary

The maiden Mineral Resource Estimate for the Gidgee Gold Project is 3,425,000 tonnes @ 2.2g/t for 240,000 ounces of contained gold and is summarised in Table (1):

TABLE (1): GIDGEE GOLD PROJECT - OCTOBER 2019 MINERAL RESOURCE ESTIMATE SUMMARY

TABLE (1): GIDGEE GOLD PROJECT - OCTOBER 2019 MINERAL RESOURCE ESTIMATE SUMMARY TABLE (1): GIDGEE GOLD PROJECT - OCTOBER 2019 MINERAL RESOURCE ESTIMATE SUMMARY TABLE (1): GIDGEE GOLD PROJECT - OCTOBER 2019 MINERAL RESOURCE ESTIMATE SUMMARY TABLE (1): GIDGEE GOLD PROJECT - OCTOBER 2019 MINERAL RESOURCE ESTIMATE SUMMARY TABLE (1): GIDGEE GOLD PROJECT - OCTOBER 2019 MINERAL RESOURCE ESTIMATE SUMMARY
Resource Cut-off grade
(g/t Au)
INFERRED
Tonnes Grade (g/t) Contained Gold (oz)
Whistler Open Pit 0.5 1,600,000 2.16 109,000
Whistler Underground 2 100,000 3.32 11,000
Sub-Total Whistler 1,700,000 2.23 120,000
Montague Open Pit 0.5 1,165,000 2.13 80,000
Boulder Open Pit 0.5 500,000 1.30 20,000
Montague Underground 2 60,000 10.3 20,000
Sub-Total Montague 1,725,000 2.18 120,000
Total Gidgee Gold
Project
3,425,000 2.20 240,000

▪ The Mineral Resource Estimate has been classified as totally Inferred and is constrained within a A$2,400 per ounce gold price pit shell optimisation.

2

  • Geological interpretation and modeling was undertaken using Micromine software.

  • The model was built utilising Ordinary Kriging (OK) as the interpolation method using Maptek Vulcan 11.0.2 software.

  • For full detail, refer to the Summary of Mineral Resource Estimate at pages 5 to 12 in this announcement and to the JORC Table attached as Appendix 1 and Appendix 2.

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Figure (2): Whistler Plan – Optimised A$2,400 Pit Shell

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Figure (3): Whistler Long Section Resource and Exploration Summary

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Figure (4): Whistler Cross Section

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Figure (5): Montague Plan – Optimised A$2,400 Pit Shell

RESOURCE EXPANSION AND EXPLORATION – Whistler and Montague Gold Deposits

To advance the resource expansion and exploration push, a major new drilling program of ~16,000m of Reverse Circulation and air-core drilling has now commenced at the Gidgee Gold Project. A significant component of this program will be focused on expanding the Whistler and Montague Gold Deposits.

Whistler Gold Deposit

An opportunity exists to aggressively target a significant expansion of the Whistler Gold Deposit beyond the reported Mineral Resource. The gold deposit remains open in all directions, with immediate strong potential to extend the mineralisation along strike to the north and south, down-plunge and in a series of separate flat-lying structures that have recently been discovered.

4

The greater Whistler mineralised trend has been defined by shallow drilling over a strike length of approximately 1.25km.

Montague Gold Deposit

The Montague Gold Deposit remains open in all directions and is potentially part of a mineralised system consisting of multiple flat-lying shear zones with the mafic volcanic rock package and quartz-stockwork zones on the margin of the granodiorite. The prospective contact zone remains largely untested to the north and south for approximately 2.2km.

SUMMARY OF GIDGEE GOLD PROJECT MINERAL RESOURCE ESTIMATE

Whistler

Geology, Geological Interpretation and Mineralisation

The Whistler Gold Deposit, within Gateway Mining Ltd’s Gidgee Project is located approximately 630km NE of Perth and 70km north of Sandstone within mining tenement M57/217.

The geology at Whistler comprises of a basalt-granodiorite contact with granodiorite to the west and basalt and minor gabbro dykes to the east, with the mafic rocks being saprock to fresh at the water level. The contact dips steeply west and strikes 345°, and is relatively undeformed at both ends of the pit. The basalt on the east wall is intruded by two gabbro dykes oriented 55-90°→095°. The granodiorite is intruded by a swarm of 1-15m thick biotite-lamprophyre dykes oriented 85-90°→110-115°.

The ore zone at Whistler consists of an en echelon array of NNE-striking veins that cut across a N-S striking, 70° west-dipping foliation which is hosted predominantly in the granodiorite unit.

Drill hole Database

The drill hole database provided for the Whistler deposit contains data for 341 individual drill holes. A restriction has been applied to the database for the estimation of Whistler between the MGA northings of 6,967,900mN and 6,968,400mN and MGS eastings of 751,350mE and 752,000mE. Auger, air core (AC), rotary air blast (RAB) and water bore drill holes have been excluded.

In total, 45 diamond drill holes (DDH) for a total of 7,031.45m and 72 Reverse Circulation (RC) drill-holes for a total of 15,568m have been utilised in the Mineral Resource estimate.

The surface drill hole sections have been predominately drilled on an azimuth of ~270 degrees, with a general dip of -60 degrees. Approximately four historic drill holes were drilled ~090 degrees with a general dip of -60 degrees.

Sampling

Drilling at Whistler was historically drilled by CRA Exploration (1987-1989) and positioned on a grid with a nominal spacing of 20x25m. Verification of data was conducted from open file annual reports. Diamond core was generally half cut sampled over 1m downhole intervals, with infrequent sampling of up to 2m. RC samples were riffle split on 1m downhole intervals. All CRA samples were analysed via 50g fire assay method, a proportion of samples were also analysed for multi-elements.

Gateway RC sampling: 2kg - 3kg samples were split from dry 1m bulk samples. The sample was initially collected from the cyclone in an inline collection box with independent upper and lower shutters. A second 2kg-3kg sample was collected at the same time as the original sample. This sample was stored on site and retained for follow up analysis and test work. The bulk sample of the main ore zone was discharged from the cyclone directly into green bags.

Gateway Diamond sampling: Core was drilled by DDH1 Drilling Pty Ltd. Sample lengths were dominantly 1m in length, but where geological contacts were present, the core was sampled to this contact creating a sample less or greater than 1 metre. Minimum sample length was 0.2m and the maximum sample length was 1.2m. Duplicates were taken by taking a separate pulp in the preparation stage at the lab at a 1:50 ratio.

5

Assaying

CRA analysed all drill holes by AAS assay at 1-metre intervals. Where the value exceeded 0.5 g/t Au the sample was re-analysed by 50g fire assay. Where the fire assay exceeded 3 g/t Au or where spotty gold was suspected, the sample was re-analysed by screen fire assay. The protocol for a given sample was that screen fire assays were better than fire assays which were in turn better than AAS assays. For all resource/reserve calculations fire assays and screened fire assays only were used.

Gateway drill samples were submitted to ALS (Perth). All samples were analysed by a 50g fire assay (AAS finish) which is a total assay. Ore zones were also submitted for accelerated cyanide leachwell test work. This is involved a 2000g leach with AAS finish.

Field duplicates were collected at a rate of 1:25 with CRM’s inserted at a rate of 1:25 also. The grade ranges of the CRM’s were selected based on grade populations.

Resource Estimation

(a) Geological Modelling

Geological and mineralisation wireframes have been generated inhouse by creating lithology wireframes and applying a cutoff grade of 0.3 g/t Au.

The geological and weathering wireframes have been generated in LeapFrog Geo implicit software from logged lithology and oxidation records.

(b) Variography

Variography has been completed in Supervisor 8.7 software on a grouped domain basis where enough data is present. Domains with too few composites have borrowed variography.

Variograms have been modelled using the following approach:

  • All variograms are standardised to a sill of one;

  • The nugget effect has been modelled from the true downhole variogram;

  • Variograms have been modelled using two or three-structure nested spherical variograms;

  • The variograms have been evaluated using normal scores transforms rather than traditional variograms. This method produces a clearer image of the ranges of continuity, especially in skewed datasets;

  • All variogram models have been standardised to a sill of one. The nugget and sill values have been back-transformed in Supervisor to traditional variograms using the discrete Gaussian polynomials technique.

(c) Block Model Estimation

Grade estimation of gold g/t has been completed using Ordinary Kriging (OK) into 29 mineralised domains using Maptek Vulcan 11.0.2 software. Grade assignment of gold at 0 g/t has been undertaken in unestimated blocks only.

Top cutting of grade has not been assigned to any of the assays for the Whistler mineral resource estimation. This affects a single Domain and is not considered material to the total inferred resource. The Domain has a noted amount of coarse visible gold and is considered geological distinct from the rest of the resource and as such a decision was made to not to apply a top-cut. Additional drilling will be required in this Domain to confirm the full characteristics of the gold prior to any increase in resource confidence levels.

(d) Block Model Construction

The block model parent block size is 12.5m (X) by 12.5m (Y) by 5m (Z). A sub-block size of 0.5m (X) by 0.5m (Y) by 0.1m (Z) has been used to define the mineralisation edges, with the estimation undertaken at the parent block scale.

  • Pass 1 estimations have been undertaken using a minimum of 8 and a maximum of 30 samples into a search ellipse which ranges of 25m (Dir 1) by 25m (Dir 2) by 15m (Dir 3). A sample per drill hole

limit of 4 samples/drill hole has been applied in all domains.

  • Pass 2 estimations have been undertaken using a minimum of 8 and a maximum of 30 samples into a search ellipse which ranges of 50m (Dir 1) by 50m (Dir 2) by 30m (Dir 3). A sample per drill hole limit of 4 samples/drill hole has been applied in all domains.

  • Pass 3 estimations have been undertaken using a minimum of 4 and a maximum of 30 samples into a search ellipse which ranges of 100m (Dir 1) by 100m (Dir 2) by 60m (Dir 3). No sample per drill hole limit has been applied.

The following bulk densities have been applied to the resource estimation model:

Domain / Lithology Weathering Bulk Density Assigned
t/m3
Waste dumpfill NA 1.4
Basalt Oxide 1.8
Granodiorite Oxide 1.8
Biotite Schist Oxide 1.8
Basalt Fresh 2.9
Granodiorite Fresh 2.7
Biotite Schist Fresh 2.8

High grade yields have been applied in three domains in order to reduce the smearing of high grades during estimation.

(e) Resource Classification

Classification of the Whistler Mineral Resource estimate has been completed in accordance with the Australasian Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code, as prepared by the Joint Ore Reserve Committee of the AusIMM, AIG and MCA and updated in December 2012).

All classifications and terminologies have been adhered to. All directions and recommendations have been followed, in keeping with the spirit of the code. The categories of Mineral Resource as outlined by the code are as follows;

  • Measured - tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence.

  • Indicated - tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence.

  • Inferred - tonnage, grade, and mineral content can be estimated with a reduced level of confidence.

The resource classification has been applied to the Mineral Resource estimate based on the drilling data spacing, grade and geological continuity, and data integrity. The resource has been classified on the following basis;

  • The Measured Mineral Resource classification has not been applied to the Whistler mineral resource estimate;

  • The Indicated Mineral Resource classification has not been applied to the Whistler mineral resource estimate. Whilst drill spacing is sufficient, the limited documented hardcopy assay data reports and documented geological information reduces the confidence of the resource to lower than Indicated;

  • An Inferred Mineral Resource has been defined by a nominal drill spacing of 25m by 25m, to 25m by 50m.

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(f) Mineral Resource Optimised Pitshell

The current in situ, drill-defined resource inventory for the Whistler Deposit has been reported inside an optimized pit-shell at a cut-off of 0.5g/t Au at a gold price of AUD $2,400. The pit-shell has been generated in Whittle by Mining Plus by applying the costs/gold price.

Price
Unit
Amount Comments
Exchange Rate AUD:USD
Gold Price
AUD / ounce
Royalty
%
0.77
$2,400
2.50%
Nett Metal Value
AUD/ gram
75.23
Mining Cost (incremental cost per 10m bench)
Base Waste Mining Cost
AUD / tonne
Incremental costper bench
AUD/tonne
2.50
0.06
Mining parameters
Mining dilution
%
Miningrecovery
%
0%
100%
Geotechnical Parameters
Overall wall angles
Oxide
deg
Transitional
deg
Fresh
deg
45
45
45
Processing Cost
Milling Cost
AUD / tonne
Ore Differential
AUD/tonne
23.00
1.50
Total Processing Cost
AUD/tonne
24.50
Processing Recovery Assumption
Oxide
%
Transitional
%
Fresh
%
95%
95%
95%
Discounting
Annual discounting
%
10.0%
Fixed Costs
General and Admin
AUD / tonne
7.50
Whittle COSTP
AUD/tonne
32.00

No previous mineral resource estimate block model has been announced for the Whistler deposit.

Montague

Geology, Geological Interpretation and Mineralisation

The Montague Gold Deposit, within Gateway Mining Ltd’s Gidgee Project is located approximately 630km NE of Perth and 70km north of Sandstone within mining tenement M57/98.

The historic open cut pit is interpreted to comprise of two domains of mineralisation, separated by a NW-SE striking fault. The western extent of the pit contains WSW dipping mineralisation of the Montague Lode, and the eastern extent containing SSE dipping Boulder mineralisation.

The Montague and Gordon’s Lode is hosted entirely within a shallow westerly dipping biotite schist which displays significant sericite alteration on the hangingwall margin. This unit is hosted within the aphyric basalt unit on the western margin of the granodiorite. The Boulder lode is hosted entirely within the granodiorite unit.

Drill Hole Database

The drill hole database provided for the Montague deposit contains data from 371 individual drill holes. A restriction has been applied to the database for the estimation of Montague between the MGA northings of 6,967,550mN and 6,966,500mN and MGA eastings of 750,500mE and 751,500mE. Auger, air core (AC), rotary air blast (RAB), Grade Control (GC) and water bore drill holes have been excluded.

8

In total, 7 diamond drill holes (DDH) for a total of 1,668.9m and 364 Reverse Circulation (RC) drill-holes for a total of 18,886m have been utilised in the Mineral Resource estimate.

The surface drill hole sections have historically been drilled vertically while the more recent Gateway drilling has been drilled both vertically and with an azimuth of 090 degrees and a dip of -60. The more recent drilling has been targeting the shallow dipping Montague mineralised structure.

Sampling

Historic mining of the Boulder lode is reported recovering 7076.4 tonnes @ 19.9g/t Au from 1906 to 1913 underground “room and pillar stoping in a shallowly dipping main lode” (Clackline Ltd NOI report, mp 15, pg3, 1988). Operations drilling conducted by Herald Resources (1986-88) located south of the Boulder surface workings, contain downhole lengths where assays are missing from the hardcopy reports. It is unclear as to whether the samples were assayed or whether stoping was encountered during drilling. Due to the level of ambiguity with these samples, these drill holes were omitted from this resource estimation process.

From the documented assays, Herald Resources RC and diamond sampling was conducted over 1m intervals.

Gateway RC sampling: 2kg - 3kg samples were split from dry 1m bulk samples. The sample was initially collected from the cyclone in an inline collection box with independent upper and lower shutters. A second 2kg-3kg sample was collected at the same time as the original sample. This sample was stored on site and retained for follow up analysis and test work. The bulk sample of the main ore zone was discharged from the cyclone directly into green bags.

Gateway Diamond sampling: Core was drilled by DDH1 Drilling Pty Ltd. Sample lengths were dominantly 1m in length, but where geological contacts were present, the core was sampled to this contact creating a sample less or greater than 1 metre. Minimum sample length was 0.2m and the maximum sample length was 1.2m. Duplicates were taken by taking a separate pulp in the preparation stage at the lab at a 1:50 ratio.

Assaying

Herald Resources RC and diamond sampling was conducted over 1m intervals and submitted to Pilbara Laboratories for a 50g fire assay analysis.

Gateway drill samples were submitted to ALS (Perth). All samples were analysed by a 50g fire assay (AAS finish) which is a total assay. Ore zones were also submitted for accelerated cyanide leachwell test work. This is involved a 2000g leach with AAS finish.

Field duplicates were collected at a rate of 1:25 with CRM’s inserted at a rate of 1:25 also. The grade ranges of the CRM’s were selected based on grade populations.

Resource Estimation

(g) Geological Modelling

Geological and mineralisation wireframes have been generated inhouse by creating lithology wireframes and applying a cutoff grade of 0.5 g/t Au.

The geological and weathering wireframes have been generated in LeapFrog Geo implicit software from logged lithology and oxidation records.

(h) Variography

Variography has been completed in Supervisor 8.7 software on a grouped domain basis where enough data is present. Domains with too few composites have borrowed variography.

Variograms have been modelled using the following approach:

  • All variograms are standardised to a sill of one;

  • The nugget effect has been modelled from the true downhole variogram;

  • Variograms have been modelled using two or three-structure nested spherical variograms;

9

  • The variograms have been evaluated using normal scores transforms rather than traditional variograms. This method produces a clearer image of the ranges of continuity, especially in skewed datasets;

  • All variogram models have been standardised to a sill of one. The nugget and sill values have been back-transformed in Supervisor to traditional variograms using the discrete Gaussian polynomials technique.

(i) Block Model Estimation

Grade estimation of gold g/t has been completed using Ordinary Kriging (OK) into 21 mineralised domains using Maptek Vulcan 11.0.2 software. Grade assignment of gold at 0 g/t has been undertaken in unestimated blocks only.

Top cutting of grade has not been assigned to any of the assays for the Montague mineral resource estimation. The mafic volcanic hosted domains have a recognised nugget effect however the higher grades are considered to be representative on a geological basis. Additional drilling will be required in the mafic volcanic hosted domains to confirm the full characteristics and distribution of the gold prior to any increase in resource confidence levels.

(j) Block Model Construction

The drill hole data spacing is typically 20m by 20m with areas of extensional drilling at 80m by 80m in the downdip and along-strike extents.

The block model parent block size is 10.0m(X) by 10.0m (Y) by 5.0m (Z). A sub-block size of 2.0m (X) by 2.0m (Y) by 0.5m (Z) has been used to define the mineralisation edges, with the estimation undertaken at the parent block scale.

  • Pass 1 estimations have been undertaken using a minimum of 8 and a maximum of 20 samples into a search ellipse which ranges of 72m (Dir 1) by 30m (Dir 2) by 24m (Dir 3). A sample per drill hole limit of 4 samples/drill hole has been applied in all domains.

  • Pass 2 estimations have been undertaken using a minimum of 8 and a maximum of 20 samples into a search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). A sample per drill hole limit of 4 samples/drill hole has been applied in all domains.

  • Pass 3 estimations have been undertaken using a minimum of 4 and a maximum of 20 samples into a search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). No sample per drill hole limit has been applied.

The following bulk densities have been applied to the resource estimation model:

Domain / Lithology Weathering Bulk Density Assigned
t/m3
Waste dumpfill NA 1.4
Basalt Oxide 1.8
Granodiorite Oxide 1.8
Biotite Schist Oxide 1.8
Basalt Fresh 2.9
Granodiorite Fresh 2.7
Biotite Schist Fresh 2.8

High grade yields have been applied in seven domains in order to reduce the smearing of high grades during estimation.

(k) Resource Classification

Classification of the Montague Mineral Resource estimate has been completed in accordance with the Australasian Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code, as prepared

10

by the Joint Ore Reserve Committee of the AusIMM, AIG and MCA and updated in December 2012). All classifications and terminologies have been adhered to. All directions and recommendations have been followed, in keeping with the spirit of the code. The categories of Mineral Resource as outlined by the code are as follows;

  • Measured - tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence.

  • Indicated - tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence.

  • Inferred - tonnage, grade, and mineral content can be estimated with a reduced level of confidence.

The resource classification has been applied to the Mineral Resource estimate based on the drilling data spacing, grade and geological continuity, and data integrity. The resource has been classified on the following basis;

  • The Measured Mineral Resource classification has not been applied to the Montague mineral resource estimate;

  • The Indicated Mineral Resource classification has not been applied to the Montague mineral resource estimate. Whilst drill spacing is sufficient, the limited documented hardcopy assay data reports, historic missing assay data, ‘nugget effect’ associated with the Montague domain and limited documented geological information reduces the confidence of the resource to lower than Indicated;

  • An Inferred Mineral Resource has been defined by a nominal drill spacing of 20m by 20m to 80m by 80m in the down-dip and along strike extents.

(l) Mineral Resource Optimised Pitshell

The current in situ, drill-defined resource inventory for the Whistler Deposit has been reported inside an optimised pit-shell at a cut-off of 0.5g/t Au at a gold price of AUD $2,400. The pit-shell has been generated in Whittle by Mining Plus by applying the costs/gold price.

Price
Unit
Amount Comments
Gold Price
AUD / ounce
Aboriginal Heritage
AUD / ounce
Royalty
%
$2,400
-
2.50%
Nett Metal Value
AUD/ gram
75.23
Mining Cost (incremental cost per 10m bench)
Base Waste Mining Cost
AUD / tonne
Incremental costper bench
AUD/tonne
$2.50
$0.06
Mining parameters
Mining dilution
%
Miningrecovery
%
0%
100%
Geotechnical Parameters
Overall wall angles
Oxide
deg
Transitional
deg
Fresh
deg
45
45
45
Processing Cost
Milling Cost
AUD / tonne
Transport (mine to mill)
AUD / tonne
Grade Control
AUD / tonne
Ore Differential
AUD/tonne
$23.00
$-
$-
$1.50
Total Processing Cost
AUD / tonne
$24.50
Processing Recovery
Oxide
%
Transitional
%
95%
95%

11

Fresh
%
95%
Discounting
Annual discounting
%
10.0%
Fixed Costs
General and Admin
AUD / tonne
$7.50
Whittle COSTP
AUD/tonne
$32.00

No previous mineral resource estimate block model has been announced for the Montague deposit.

Peter Langworthy Managing Director

For and on behalf of GATEWAY MINING LIMITED

Competent Person Statement

The information in this release that relates to sampling techniques and data, exploration results, geological information and exploration targets is based on information compiled or reviewed by Mr Richard Pugh (Hons) and is a current Member of the Australian Institute of Mining and Metallurgy. Mr Pugh is a full-time employee of OMNI GeoX Pty Ltd and has sufficient experience with the style of mineralisation and types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code).

The information in the release that relates to the Estimation and Reporting of Mineral Resources has been compiled and reviewed by Mr Peter Langworthy who is a full-time employee of Gateway Mining Limited and is a current Member of the Australian Institute of Mining and Metallurgy. Mr Langworthy has sufficient experience, which is relevant to the style of mineralisation and types of deposits under consideration and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code).

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APPENDIX (1): SIGNIFICANT DRILLING INTERSECTIONS JORC Code, 2012 Edition

Table 1

Section 1 Sampling Techniques and Data Whistler

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary
Sampling
techniques

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 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 (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3
kg was pulverized to produce a 30 g 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) may warrant disclosure of detailed information.

DIAMOND Drilling– Core was drilled by DDH 1. Gateway staff collected the core
from the rig and took the core back to the core yard where the core was cleaned,
reassembled and marked up with metre marks for logging by Gateway geologists.
The geologist marked up the core for sampling and the HQ and NQ core was half cut
in half using a corewise automatic core saw. Sample lengths were dominantly 1m in
length, but where geological contacts were present, the core was sampled to this
contact creating a sample less or greater than 1 metre. Minimum sample length is
0.2m and maximum sample length is 1.2m. Duplicates were taken by taking a
separate pulp in the preparation stage at the lab at a 1:50 ratio

RC drilling - 2kg - 3kg samples were split from dry 1m bulk samples. The sample was
initially collected from the cyclone in an inline collection box with independent
upper and lower shutters. Once the metre was completed, the drill bit was lifted off
the bottom of the hole, to create a gap between samples, when the gap of air came
into the collection box the top shutter was closed off. Once the top shutter was
closed, the bottom shutter was opened, and the sample was dropped under gravity
thorough a Metzke cone splitter. Once drilling reached fresh rock a fine spray of
water was used to suppress dust and limit the loss of fines thorough the cyclone
chimney. A second 2kg-3kg sample was collected at the same time the original
sample. This sample has been stored on site. These duplicate samples have been
retained for follow up analysis and test work. The bulk sample of the main ore zone
was discharged from the cyclone directly into green bags.

The bulk sample from the waste was collected in wheelbarrows and dumped into
neat piles on the ground.

During the sample collection process, the cone split, original and duplicate calico
samples and the reject green bag samples were weighed to test for bias’s and
sample recoveries. The majority of the check work was undertaken through the
main ore zones.

Field duplicates were collected at a ratio of 1:20 through the mineralised zones and
collected at the same time as the original sample through the B chute of the cone
Criteria JORC Code explanation Commentary
splitter. OREAS certified reference material (CRM) was inserted at a ratio of 1:20
through the mineralised zone. The grade ranges of the CRM’s were selected based
on grade populations and economic grade ranges.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Diamond Drilling:HQ3 and NQ core drilled in fresh rock. Core orientated and
mineralised noted and marked for cutting. Sample lengths sampled on 0.5 to 2m
intervals and cut to half-core sub-sample collected.
Samples were analysed for Au by AAS technique with results greater than 0.5ppm Au re-
assayed by Fire Assay. Assays >3g/t Au re-assayed by Screen Fire Assay. This
methodology was applied to account for a recognized coarse gold component within the
mineralised zones.
RC Drilling:Samples were collected on 1m intervals, riffle split and 5m composite
samples prepared for assay. Re-assays were undertaken on selected 1m samples.
Analysis was carried out by Australian Laboratory Services and Sheen Analytical Services.
All holes were cased with 50mm PVC to facilitate downhole geophysical logging.
Drilling
techniques

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, by
what method, etc.).

DIAMOND - was drilled by DDH1 (Perth) using a Boart Longyear KWL 1600H drill rig.

RC – Challenge Drilling drill rig was used. The rig consisted of a Schramm truck
mounted RC rig with 1150cfm x 350psi on board compressor, an Airsearch 1800cfm
x 900psi on board Booster, and a truck mounted Sullair 900cfm x 350psi auxiliary
compressor.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Diamond Drilling:RC percussion or HQ3 pre-collars were drilled to fresh rock. NQ core
drilled for remainder of holes. No details available on drilling rig specifications.
RC Drilling:RC percussion drilled as pre-collars to fresh rock. No details available on
drilling rig specifications.
Drill sample
recovery

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

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

Whether a relationship exists between sample recovery andgrade and whether

DIAMOND – the holes were rough cored from surface through the broken oxide
zone which is well understood from previous drilling. The remnant core was
examined by Gateway Geologists and then discarded. Once coherent coring was
established the drill sample recovery was measured routinely by Gateway
Geologists. Overall recoverywas excellent.

14

Criteria JORC Code explanation Commentary
sample bias may have occurred due to preferential loss/gain of fine/coarse material.
During the RC sample collection process, the cone split, original and duplicate calico
samples and the reject green bag samples were weighed to test for bias’s and
sample recoveries. The majority of the check work was undertaken through the
main ore zones. From this process showed that the majority of ore grade samples
had recoveries greater than 80%

Once drilling reached fresh rock a fine spray of water was used to suppress dust and
limit the loss of fines thorough the cyclone chimney.

At the end of each metre the bit was lifted off the bottom to separate each metre
drilled.

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

From the collection of recovery data, no identifiable bias exists. Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Diamond Drilling:Recoveries in fresh rock are recorded as being satisfactory and that
no inherent bias has been introduced from drilling or sampling techniques.
RC Drilling:There are no records available that capture information on drilling
recoveries. Typically a minimum 3kg sample was provided to the laboratory for assay.
Samples considered fit for purpose.
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.

Diamond core was put into core trays on the drill rig and then cleaned, reassembled
and marked up with metre marks for logging by Gateway geologists

Reverse circulation chips were washed and stored in chip trays in 1m intervals for
the entire length of each hole. Chips were visually inspected and logged to record
lithology, weathering, alteration, mineralisation, veining and structure.

Data on rock type, deformation, colour, structure, alteration, veining, mineralisation
and oxidation state were recorded.

Logging is both qualitative and quantitative or semi quantitative in nature.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Reverse circulation chips were washed and stored in chip trays in 1m intervals for the
entire length of each hole. Chips were visually inspected and logged to record lithology,
weathering, alteration, mineralisation, veining and structure.
Records of samples being wet or dry were taken.
Diamond core was presented and stored in industry standard core boxes. The core was
orientated and core loss noted.

15

Criteria JORC Code explanation Commentary
Data on rocktype, deformation, colour, structure, alteration, veining, mineralisation and
oxidation state were recorded. RQD, magnetic susceptibility and core recoveries were
recorded.
Logging is considered both qualitative and quantitative or semi-quantitative in nature.
The logging information is considered to be fit for purpose.
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
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.

All diamond core was cut based on geological boundaries or to a maximum length of
1m. Quarter core was sampled from each interval and retained in calico bags. Core
is then securely stored in a Perth warehouse.

Samples were split from dry, 1m bulk sample via a cone splitter directly from the
cyclone.

The QC procedure adopted through the process includes:
o
Weighing both calicos and reject sample to determine sample recovery and
check for sampling bias.
o
Field duplicates were collected at a rate of 1:25, these were collected
during RC drilling at the same time as the primary sample.
o
OREAS certified material (CRM) was inserted at a rate of 1:25, the grade
ranges of the CRM’s were selected based on grade populations.

2-3kgs of sample was submitted to the laboratory.

Samples oven dried at 10gdegC then pulverized in LM5 mills to 85% passing
75micron.

All samples were analysed for Au using the Au-AA26 technique which is a 50g lead
collection fire assay.

For Diamond core and RC samples the sample preparation technique is appropriate
and is standard industry practice for a gold deposit.

Quality control for maximising representivity of samples included sample weights,
insertion of field duplicates and laboratory duplicates.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
RC samples were split using a riffle splitter. 1m samples were collected and 5m
composites prepared for assay. Re-assays were undertaken on selected 1m samples.
Typically 3kg samples were submitted to the assay laboratory.
Only minor numbers of samples are recorded as being wet.
QA/QC data is not currently available.
Sampling processes are considered fit for purpose.
Diamond core waspresented and stored in industrystandard core boxes. The core was

16

Criteria JORC Code explanation Commentary
orientated and core loss noted. Once logged the core was marked up for sampling
ranging from 0.5m to 2.0m largely matching geological contacts. Half core samples were
collected and submitted to the assay laboratory.
Samples were analysed for Au by AAS technique with results greater than 0.5ppm Au re-
assayed by Fire Assay. Assays >3g/t Au re-assayed by Screen Fire Assay. This
methodology was applied to account for a recognized coarse gold component within the
mineralised zones.
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 (e.g. standards, blanks, duplicates,
external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of
bias) and precision have been established.

Drill samples were submitted to ALS (Perth). All samples were analysed by a 50g
fire assay (AAS finish) which is a total assay.

Ore zones were also submitted for accelerated cyanide leachwell test work. This is
involves a 2000g leach with AAS finish.

Field duplicates were collected at a rate of 1:25 with CRM’s inserted at a rate of
1:25 also. The grade ranges of the CRM’s were selected based on grade
populations.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
All samples were assayed at Australian Laboratory Services and Sheen Analytical
Services.
Samples were analysed for Au by AAS technique with results greater than 0.5ppm Au re-
assayed by Fire Assay. Assays >3g/t Au re-assayed by Screen Fire Assay. This
methodology was applied to account for a recognized coarse gold component within the
mineralised zones.
QA/QC data is not currently available.
Sampling processes are considered fit for purpose.
Verification of
sampling and
assaying

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.

Drilling results are cross checked by company geologists and consulting geologists
(OMNI GeoX Pty Ltd.)

Data is recorded digitally at the project within standard industry software, assay
results received digitally also.

All data is stored within a suitable database.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Logging and sampling were recorded directly into a Stratalog T500 digital logging unit.

17

Criteria JORC Code explanation Commentary
All drilling information is currently stored in a Gateway Access database.
All information has been plotted on section and in plan to match against neighbouring
holes and determine likely validity of the data
QA/QC data is not currently available.
Sampling and assay data are considered fit for purpose.
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.

Drill hole location is initially recorded with a handheld Garmin GPS (+/- 3m) and will
eventually be recorded by Digital GPs (+/-1cm). A Reflex EZ North Seeking Gyro is
used to record the deviation of the drill holes (+/- 1deg)
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
A truncated AMG grid was established across the project area and hole collars were
measure from fixed survey pegs. These collar locations have been validated using
detailed aerial photography.
Downhole surveys were undertaken with an Eastman single shot camera on intervals
ranging from 30 to 50m.
Location data is considered fit for purpose.
Data spacing
and distribution

Data spacing for reporting of Exploration Results.

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.

Whether sample compositing has been applied.

Refer to tables within text for data spacing.

Holes drilled within this program in combination with the historical holes and their
related samples are deemed to be appropriate for resource estimation.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Please See Appendix 3 Table 1 for Results
Historic drilling at Whistler was carried out on a 25 x 25m grid to define the historic
open pit resource. At depth the spacing varied between 25m x 25m spacing to 25m x
50m spacing.
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.

Drill lines were orientated as close to perpendicular as possible to the perceived
strike of the mineralized structure. Drilling at Whistler intercepts mineralisation at
an oblique angle to the dip (~15deg off). The orientation of drilling is suitable for the
mineralisation style and orientation of mineralisation.

18

Criteria JORC Code explanation Commentary
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Drilling at Whistler was drilled perpendicular to strike (270) and in the across dip
direction in most cases.
The majority of holes have been drilled at a 60 degree dip and intersected the
mineralisation at an appropriate angle.
In some cases reverse angled holes have been completed to test for short range
controls on the gold mineralisation.
The orientation of the drilling is suitable for the mineralisation style and orientation of
the mineralisation at the Whistler.
Sample security
The measures taken to ensure sample security.

Calico samples are sealed into green/poly weave bags and cable tied. These are then
sealed in bulka bags and transported to the laboratory in Perth by company staff or
trusted contractors or established freight companies.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
No information.
Audits or
reviews

The results of any audits or reviews of sampling techniques and data.

Drilling results are cross checked by company geologists and consulting geologists
(OMNI GeoX Pty Ltd.)
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.

19

Section 2 Reporting of Exploration Results Whistler

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Mineral Type, reference name/number, location and ownership including agreements or The Whistler gold deposit is situated on Mining Lease M57/217 which is held 100%
tenement and material issues with third parties such as joint ventures, partnerships, overriding by Gateway Mining Ltd.
land tenure royalties, native title interests, historical sites, wilderness or national park and
status 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.
Exploration done
Acknowledgment and appraisal of exploration by other parties. Whistler open cut was mined from November 1990 (Polaris Pacific NL) and ore was
by other parties toll treated through the Herald mill. Little attention was paid to mineralisation
other than gold.
Whistler mineralisation was discovered by CRA in 1987 by RAB drilling traverse and
defined by RC/Diamond drilling from 1987-89. Polaris Pacific conducted RC drilling
prior to identification of a measured and indicated reserve to 65m vertical depth
for 254,000t at 4.38g/t Au. Polaris drilling targeted promising CRA drill intersections
using shallow (<40m) often with vertical RC holes which are considered generally
too shallow to test sufficiently below 25m depth of near surface gold depletion.
Polaris conducted mining of the open cut to 64m depth from Nov. 1990 to Oct.
1991. Herald drilling targeted below the Whistler pit for which no downhole
surveys are known and dummy surveys inserted. WRC/Gateway JV drilled 2 depth
extension diamond holes in 2011 including the significant intersection in WRC017
(19m@19g/t Au)
Geology Deposit type, geological setting and style of mineralisation. The Whistler orebody is a N-S shear zone hosted at the contact between basalt
(east) and granodiorite (west) that contains an array of NNE-striking quartz veins
arranged_en echelon._
The Whistler orebody is hosted in a flat lying (30-45 degrees) N-S trending shear
zone hosted by basalt on the margin of a large granodiorite intrusion. The
mineralisation is typically within a defined shear zone with quartz-veining and
strong biotite-sericite alteration. Minor sulphides are generally present.
Drill hole A summary of all information material to the understanding of the exploration Exploration drill results are contained within Appendix 3: Table 1
Information results including a tabulation of the following information for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill
hole collar
o dip and azimuth of the hole
o down hole length and interception depth

20

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
o 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.
Data In reporting Exploration Results, weighting averaging techniques, maximum and/or A weighting average technique was used when generating the different domains at
aggregation minimum grade truncations (eg cutting of high grades) and cut-off grades are Whistler. From the geostatistical analysis on all available assay data, a cut-off grade
methods usually Material and should be stated. of 0.3g/t and a high grade cut-off of 5g/t were used to domain the different
Where aggregate intercepts incorporate short lengths of high grade results and wireframes.
longer lengths of low grade results, the procedure used for such aggregation should Compositing has been undertaken within domain boundaries at 1m with a variable
be stated and some typical examples of such aggregations should be shown in detail. length of 0.2m.
The assumptions used for any reporting of metal equivalent values should be clearly
stated.
Relationship These relationships are particularly important in the reporting of Exploration Results.
Drill lines were orientated perpendicular to the perceived strike of the mineralized
between If the geometry of the mineralisation with respect to the drill hole angle is known, its structure. Drilling at Whistler intercepts mineralisation at an oblique angle to the
mineralisation nature should be reported. dip (~15deg off). The orientation of drilling is suitable for the mineralisation style
widths and If it is not known and only the down hole lengths are reported, there should be a and orientation of mineralisation.
intercept lengths clear statement to this effect (eg ‘down hole length, true width not known’).
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be Appropriate maps and sections are included in the announcement
included for any significant discovery being reported These should include, but not be
limited to aplan view of drill hole collar locations and appropriate sectional views.
Balanced Where comprehensive reporting of all Exploration Results is not practicable, The accompanying document is considered to be a balanced report with a suitable
reporting representative reporting of both low and high grades and/or widths should be cautionary note.
practiced to avoid misleading reporting of Exploration Results.
Other Other exploration data, if meaningful and material, should be reported including 3D Gravity and airborne magnetic data is currently being processed, with the
substantive (but not limited to): geological observations; geophysical survey results; geochemical resultant model aiding future exploration programs.
exploration data survey results; bulk samples – size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical and rock characteristics; potential
deleterious or contaminating substances.
Further work The nature and scale of planned further work (eg tests for lateral extensions or depth
A substantial RC program to extend the known resource and test proximal high
extensions or large-scale step-out drilling). priority drill targets is ongoing.
Diagrams clearly highlighting the areas of possible extensions, including the main
geological interpretations and future drilling areas, provided this information is not
commercially sensitive.

21

Section 3: Estimation and Reporting of Mineral Resources Whistler

Criteria JORC Code explanation Commentary
Database integrity
Measures taken to ensure that data has not been
corrupted by, for example, transcription or keying
errors, between its initial collection and its use for
Mineral Resource estimation purposes.

Data validation procedures used.

The drill hole data is stored in a commercial referential SQL database (Datashed). The database is
managed by an external consultant, Katrina Garven.

Routine data validations are undertaken on import, such as over-lapping interval checks.

Logging and sampling codes are maintained in library tables ensuring that only valid codes can be stored
in the database.

Returned laboratoryassayfiles are loaded into the database usingstandardised loadingschemes.
Site visits
Comment on any site visits undertaken by the
Competent Person and the outcome of those visits.

If no site visits have been undertaken indicate why
this is the case.

Mr Peter Langworthy has undertaken numerous site visits.
Geological
interpretation

Confidence in (or conversely, the uncertainty of) the
geological interpretation of the mineral deposit.

Nature of the data used and of any assumptions
made.

The effect, if any, of alternative interpretations on
Mineral Resource estimation.

The use of geology in guiding and controlling
Mineral Resource estimation.

The factors affecting continuity both of grade and
_geology. _

Surface diamond and reverse circulation (RC) drill holes have been logged for lithology, structure,
alteration and mineralisation data.

The geological interpretation has been undertaken in Micromine using a nominal cut-off of 0.3 g/t gold
and logged geological codes.

The geological and weathering wireframes have been generated in LeapfFrog Geo implicit software from
logged lithology and oxidation records.
Dimensions
The extent and variability of the Mineral Resource
expressed as length (along strike or otherwise), plan
width, and depth below surface to the upper and
lower limits of the Mineral Resource

Whistler has a strike extent of 400 m and a down-dip extent of 200 m.

Whistler varies in width from 5 to 60 m, averaging 30 m.

The mineralisation is within 5 to 10 vertical metres of the surface.
Estimation and
modelling techniques

The nature and appropriateness of the estimation
technique(s) applied and key assumptions, including
treatment of extreme grade values, domaining,
interpolation parameters and maximum distance of
extrapolation from data points. If a computer
assisted estimation method was chosen include a

Grade estimation of gold g/t has been completed using Ordinary Kriging (OK) into 29 mineralised
domains using Maptek Vulcan 11.0.2 software. Grade assignment of gold 0g/t has been undertaken in
unestimated blocks only.

Compositing has been undertaken within domain boundaries at 1m with a variable length of 0.2m.

Variography has been completed in Supervisor 8.7 software on a grouped domain basis where enough
data is present. Domains with too few samples have borrowed variography.

The Mineral Resource estimate has been validated usingvisual validation tools,meangrade comparisons

22

description of computer software and parameters
used.

The availability of check estimates, previous
estimates and/or mine production records and
whether the Mineral Resource estimate takes
appropriate account of such data.

The assumptions made regarding recovery of by-
products.

Estimation of deleterious elements or other non-
grade variables of economic significance (e.g.
sulphur for acid mine drainage characterisation).

In the case of block model interpolation, the block
size in relation to the average sample spacing and
the search employed.

Any assumptions behind modelling of selective
mining units.

Any assumptions about correlation between
variables

Description of how the geological interpretation was
used to control the resource estimates.

Discussion of basis for using or not using grade
cutting or capping.

The process of validation, the checking process used,
the comparison of model data to drill hole data, and
use of reconciliation data if available.

between the block model and composite grade means and swath plots comparing the composite grades
and block model grades by Northing, Easting and RL.

No assumptions have been made regarding recovery of any by-products.

The drill hole data spacing is typically 25m by 25m with areas of extensional drilling at 50m by 50m in the
down-dip and strike extents.

The block model parent block size is 12.5m (X) by 12.5m (Y) by 5m (Z). A sub-block size of 0.5m (X) by
0.5m (Y) by 0.1m (Z) has been used to define the mineralisation edges, with the estimation undertaken at
the parent block scale.
o Pass 1 estimations have been undertaken using a minimum of 8 and a maximum of 30 samples into
a search ellipse which ranges of 25m (Dir 1) by 25m (Dir 2) by 15m (Dir 3). A sample per drill hole
limit of 4 samples/drill hole has been applied in all domains.
o Pass 2 estimations have been undertaken using a minimum of 8 and a maximum of 30 samples into
a search ellipse which ranges of 50 m (Dir 1) by 50 m (Dir 2) by 30m (Dir 3). A sample per drill hole
limit of 4 samples/drill hole has been applied in all domains.
o Pass 3 estimations have been undertaken using a minimum of 4 and a maximum of 30 samples into
a search ellipse which ranges of 100 m (Dir 1) by 100 m (Dir 2) by 60m (Dir 3). No sample per drill
hole limit has been applied.
The search ellipses and variographic rotations applied during the estimation of all domain blocks has been
determined using a central trend surface and coded into the model. The estimation has been undertaken
using the dynamic anisotropy function in Maptek Vulcan v11.0.2 (LVA).

No selective mining units are assumed in this estimate.

No correlation between variables has been assumed.

The drill holes have been flagged with the domain code and composited using the domain code to
segregate the data. Hard boundaries have been used at all domain boundaries.

Top cutting has not been assigned to any of the assays. This affects one single domain and is not material
to outcome of the inferred resource.

Model validation has been carried out, including visual comparison between composites and estimated
blocks; check for negative or absent grades; statistical comparison against the input drill hole data and
graphicalplots.
between the block model and composite grade means and swath plots comparing the composite grades
and block model grades by Northing, Easting and RL.

No assumptions have been made regarding recovery of any by-products.

The drill hole data spacing is typically 25m by 25m with areas of extensional drilling at 50m by 50m in the
down-dip and strike extents.

The block model parent block size is 12.5m (X) by 12.5m (Y) by 5m (Z). A sub-block size of 0.5m (X) by
0.5m (Y) by 0.1m (Z) has been used to define the mineralisation edges, with the estimation undertaken at
the parent block scale.
o Pass 1 estimations have been undertaken using a minimum of 8 and a maximum of 30 samples into
a search ellipse which ranges of 25m (Dir 1) by 25m (Dir 2) by 15m (Dir 3). A sample per drill hole
limit of 4 samples/drill hole has been applied in all domains.
o Pass 2 estimations have been undertaken using a minimum of 8 and a maximum of 30 samples into
a search ellipse which ranges of 50 m (Dir 1) by 50 m (Dir 2) by 30m (Dir 3). A sample per drill hole
limit of 4 samples/drill hole has been applied in all domains.
o Pass 3 estimations have been undertaken using a minimum of 4 and a maximum of 30 samples into
a search ellipse which ranges of 100 m (Dir 1) by 100 m (Dir 2) by 60m (Dir 3). No sample per drill
hole limit has been applied.
The search ellipses and variographic rotations applied during the estimation of all domain blocks has been
determined using a central trend surface and coded into the model. The estimation has been undertaken
using the dynamic anisotropy function in Maptek Vulcan v11.0.2 (LVA).

No selective mining units are assumed in this estimate.

No correlation between variables has been assumed.

The drill holes have been flagged with the domain code and composited using the domain code to
segregate the data. Hard boundaries have been used at all domain boundaries.

Top cutting has not been assigned to any of the assays. This affects one single domain and is not material
to outcome of the inferred resource.

Model validation has been carried out, including visual comparison between composites and estimated
blocks; check for negative or absent grades; statistical comparison against the input drill hole data and
graphicalplots.
Moisture
Whether the tonnages are estimated on a dry basis or
with natural moisture, and the method of
determination of the moisture content.

The tonnes have been estimated on a dry basis.
Cut-off parameters
The basis of the adopted cut-off grade(s) or quality
parameters applied

A nominal cut-off of 0.3 g/t gold has been applied during the wireframe creation process following a cut-
off grade review which indicated a natural grade cut-off at 0.3 g/t gold.
Mining factors or
assumptions

Assumptions made regarding possible mining
methods, minimum mining dimensions and internal
(or, if applicable, external) mining dilution. It is
always necessary as part of the process of
determining reasonable prospects for eventual
economic extraction to consider potential mining

A whittle pit optimisation has been run in order to generate a pit shell wireframe for MRE reporting
purposes. The mining assumptions/parameters applied to the optimisation are:
Price
Unit
Amount
Comments
Price
Unit
Amount
Comments

23

methods, but the assumptions made regarding
mining methods and parameters when estimating
Mineral Resources may not always be rigorous.
Where this is the case, this should be reported with
an explanation of the basis of the mining
assumptions made.
Exchange Rate AUD:USD
Gold Price
AUD / ounce
Royalty
%
0.77
$2,400
2.50%
Nett Metal Value
AUD/ gram
75.23
Mining Cost (incremental cost per 10m bench)
Base Waste Mining Cost
AUD / tonne
Incremental costper bench
AUD/tonne
2.50
0.06
Mining parameters
Mining dilution
%
Miningrecovery
%
0%
100%
Geotechnical Parameters
Overall wall angles
Oxide
deg
Transitional
deg
Fresh
deg
45
45
45
Processing Cost
Milling Cost
AUD / tonne
Ore Differential
AUD/tonne
23.00
1.50
Total Processing Cost
AUD/tonne
24.50
Processing Recovery Assumption
Oxide
%
Transitional
%
Fresh
%
95%
95%
95%
Discounting
Annual discounting
%
10.0%
Fixed Costs
General and Admin
AUD / tonne
Whittle COSTP
AUD/tonne
7.50
32.00
Metallurgical factors
or assumptions

The basis for assumptions or predictions regarding
metallurgical amenability. It is always necessary as
part of the process of determining reasonable
prospects for eventual economic extraction to
consider potential metallurgical methods, but the
assumptions regarding metallurgical treatment
processes and parameters made when reporting
Mineral Resources may not always be rigorous.
Where this is the case, this should be reported with
an explanation of the basis of the metallurgical
assumptions made.

A processing recovery of 95% has been applied to all material.
Environmental factors
or assumptions

Assumptions made regarding possible waste and
process residue disposal options. It is always
necessary aspart of theprocess of determining

No environmental factors or assumptions have been applied to the Mineral Resource estimation.

24

reasonable prospects for eventual economic
extraction to consider the potential environmental
impacts of the mining and processing operation.
While at this stage the determination of potential
environmental impacts, particularly for a greenfields
project, may not always be well advanced, the status
of early consideration of these potential
environmental impacts should be reported. Where
these aspects have not been considered this should
be reported with an explanation of the
environmental assumptions made
Bulk density
Whether assumed or determined. If assumed, the
basis for the assumptions. If determined, the method
used, whether wet or dry, the frequency of the
measurements, the nature, size and
representativeness of the samples.

The bulk density for bulk material must have been
measured by methods that adequately account for
void spaces (vugs, porosity, etc), moisture and
differences between rock and alteration zones within
the deposit,

Discuss assumptions for bulk density estimates used
in the evaluation process of the different materials.

Densities have been assigned by lithology and weathering state.

The selection of bulk density samples is determined by the logging geologist and is undertaken in a
manner designed to determine the density of all material types. The diamond drill core is competent and
does not display evidence of voids or vugs.

Density has been assigned to the waste dump fill material.

The densities applied are considered appropriate for this material.
Domain / Lithology
Weathering
Bulk Density Assigned (t/m3)
Waste dump fill
NA
1.4
Basalt(3)
Oxide
1.8
Granodiorite(1)
Oxide
1.8
Biotite Schist(4)
Oxide
1.8
Basalt(3)
Fresh
2.9
Granodiorite(1)
Fresh
2.7
Biotite Schist(4)
Fresh
2.8
Classification
The basis for the classification of the Mineral
Resources into varying confidence categories

Whether appropriate account has been taken of all
relevant factors (i.e. relative confidence in
tonnage/grade estimations, reliability of input data,
confidence in continuity of geology and metal
values, quality, quantity and distribution of the
data).

Whether the result appropriately reflects the
Competent Person’s view of the deposit.

The resource classification has been applied to the MRE based on the drilling data spacing, grade and
geological continuity, and data integrity.

The classification takes into account the relative contributions of geological and data quality and
confidence, as well as grade confidence and continuity.

The classification reflects the view of the Competent Person.
Audits or reviews
The results of any audits or reviews of Mineral
Resource estimates.

This Mineral Resource estimate for Whistler has not been audited by an external party.

25

Discussion of relative
accuracy/confidence

Where appropriate a statement of the relative
accuracy and confidence level in the Mineral
Resource estimate using an approach or procedure
deemed appropriate by the Competent Person. For
example, the application of statistical or
geostatistical procedures to quantify the relative
accuracy of the resource within stated confidence
limits, or, if such an approach is not deemed
appropriate, a qualitative discussion of the factors
that could affect the relative accuracy and
confidence of the estimate

The statement should specify whether it relates to
global or local estimates, and, if local, state the
relevant tonnages, which should be relevant to
technical and economic evaluation. Documentation
should include assumptions made and the
procedures used

These statements of relative accuracy and
confidence of the estimate should be compared with
production data, where available

The relative accuracy of the Mineral Resource estimate is reflected in the reporting of the Mineral
Resource as per the guidelines of the 2012 JORC Code.

26

APPENDIX (2): SIGNIFICANT DRILLING INTERSECTIONS JORC Code, 2012 Edition Table 1 - Montague

Section 1 Sampling Techniques and Data Montague (Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary
Sampling
techniques

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 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 (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3
kg was pulverized to produce a 30 g 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) may warrant disclosure of detailed information.

DIAMOND Drilling– Core was drilled by DDH 1. Gateway staff collected the core
from the rig and took the core back to the core yard where the core was cleaned,
reassembled and marked up with metre marks for logging by Gateway geologists.
The geologist marked up the core for sampling and the HQ and NQ core was half cut
in half using a corewise automatic core saw. Sample lengths were dominantly 1m in
length, but where geological contacts were present, the core was sampled to this
contact creating a sample less or greater than 1 metre. Minimum sample length is
0.2m and maximum sample length is 1.2m. Duplicates were taken by taking a
separate pulp in the preparation stage at the lab at a 1:50 ratio

RC drilling - 2kg - 3kg samples were split from dry 1m bulk samples. The sample was
initially collected from the cyclone in an inline collection box with independent
upper and lower shutters. Once the metre was completed, the drill bit was lifted off
the bottom of the hole, to create a gap between samples, when the gap of air came
into the collection box the top shutter was closed off. Once the top shutter was
closed, the bottom shutter was opened, and the sample was dropped under gravity
thorough a Metzke cone splitter. Once drilling reached fresh rock a fine spray of
water was used to suppress dust and limit the loss of fines thorough the cyclone
chimney. A second 2kg-3kg sample was collected at the same time the original
sample. This sample has been stored on site. These duplicate samples have been
retained for follow up analysis and test work. The bulk sample of the main ore zone
was discharged from the cyclone directly into green bags.

The bulk sample from the waste was collected in wheelbarrows and dumped into
neat piles on the ground.

During the sample collection process, the cone split, original and duplicate calico
samples and the reject green bag samples were weighed to test for bias’s and
sample recoveries. The majority of the check work was undertaken through the
main ore zones.

Field duplicates were collected at a ratio of 1:20 through the mineralised zones and
collected at the same time as the original sample through the B chute of the cone
splitter. OREAS certified reference material (CRM) was inserted at a ratio of 1:20
through the mineralised zone. Thegrade ranges of the CRM’s were selected based

27

Criteria JORC Code explanation Commentary
on grade populations and economic grade ranges.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Diamond Drilling:HQ3 and NQ core drilled in fresh rock. Core orientated and
mineralised noted and marked for cutting. Sample lengths sampled on 0.5 to 2m
intervals and cut to half-core sub-sample collected.
Samples were analysed for Au by AAS technique with results greater than 0.5ppm Au re-
assayed by Fire Assay. Assays >3g/t Au re-assayed by Screen Fire Assay. This
methodology was applied to account for a recognized coarse gold component within the
mineralised zones.
RC Drilling:Samples were collected on 1m intervals, riffle split and 5m composite
samples prepared for assay. Re-assays were undertaken on selected 1m samples.
Herald Resources RC and diamond sampling was conducted over 1m intervals
and submitted to Pilbara Laboratories for a 50g fire assay analysis.
There are several instances with the historic MOA prefixed RC holes where the
assay results are missing from the historic hardcopy reports. GML believe that
the assay results are missing as opposed to the drill hole not being analysed.
These missing intercepts are recorded as -99 in the database and these holes
were omitted from the inferred resource model.
Drilling
techniques

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, by
what method, etc.).

DIAMOND - was drilled by DDH1 (Perth) using a Boart Longyear KWL 1600H drill rig.

RC – Challenge Drilling drill rig was used. The rig consisted of a Schramm truck
mounted RC rig with 1150cfm x 350psi on board compressor, an Airsearch 1800cfm
x 900psi on board Booster, and a truck mounted Sullair 900cfm x 350psi auxiliary
compressor.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Diamond Drilling:RC percussion or HQ3 pre-collars were drilled to fresh rock. NQ core
drilled for remainder of holes. No details available on drilling rig specifications.
RC Drilling:RC percussion drilled as pre-collars to fresh rock. No details available on
drilling rig specifications.
Drill sample
Method of recording and assessing core and chip sample recoveries and results

DIAMOND – the holes were rough cored from surface through the broken oxide

28

Criteria JORC Code explanation Commentary
recovery assessed.

Measures taken to maximize 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.
zone which is well understood from previous drilling. The remnant core was
examined by Gateway Geologists and then discarded. Once coherent coring was
established the drill sample recovery was measured routinely by Gateway
Geologists. Overall recovery was excellent.

During the RC sample collection process, the cone split, original and duplicate calico
samples and the reject green bag samples were weighed to test for bias’s and
sample recoveries. The majority of the check work was undertaken through the
main ore zones. From this process showed that the majority of ore grade samples
had recoveries greater than 80%

Once drilling reached fresh rock a fine spray of water was used to suppress dust and
limit the loss of fines thorough the cyclone chimney.

At the end of each metre the bit was lifted off the bottom to separate each metre
drilled.

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

From the collection of recovery data, no identifiable bias exists. Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Diamond Drilling:Recoveries in fresh rock are recorded as being satisfactory and that
no inherent bias has been introduced from drilling or sampling techniques.
RC Drilling:There are no records available that capture information on drilling
recoveries. Typically a minimum 3kg sample was provided to the laboratory for assay.
Samples considered fit for purpose.
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.

Diamond core was put into core trays on the drill rig and then cleaned, reassembled
and marked up with metre marks for logging by Gateway geologists

Reverse circulation chips were washed and stored in chip trays in 1m intervals for
the entire length of each hole. Chips were visually inspected and logged to record
lithology, weathering, alteration, mineralisation, veining and structure.

Data on rock type, deformation, colour, structure, alteration, veining, mineralisation
and oxidation state were recorded.

Logging is both qualitative and quantitative or semi quantitative in nature.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Reverse circulation and Aircore chips were washed and stored in chip trays in 1m
intervals for the entire length of each hole. Chips were visually inspected and logged to
record lithology, weathering, alteration, mineralisation, veining and structure.

29

Criteria JORC Code explanation Commentary
Records of samples being wet or dry were taken.
Diamond core was presented and stored in industry standard core boxes. The core was
orientated and core loss noted.
Data on rocktype, deformation, colour, structure, alteration, veining, mineralisation and
oxidation state were recorded. RQD, magnetic susceptibility and core recoveries were
recorded.
Logging is considered both qualitative and quantitative or semi-quantitative in nature.
The logging information is considered to be fit for purpose.
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
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.

All diamond core was cut based on geological boundaries or to a maximum length of
1m. Quarter core was sampled from each interval and retained in calico bags. Core
is then securely stored in a Perth warehouse.

Samples were split from dry, 1m bulk sample via a cone splitter directly from the
cyclone.

The QC procedure adopted through the process includes:
o
Weighing both calicos and reject sample to determine sample recovery and
check for sampling bias.
o
Field duplicates were collected at a rate of 1:25, these were collected
during RC drilling at the same time as the primary sample.
o
OREAS certified material (CRM) was inserted at a rate of 1:25, the grade
ranges of the CRM’s were selected based on grade populations.

2-3kgs of sample was submitted to the laboratory.

Samples oven dried at 10gdegC then pulverized in LM5 mills to 85% passing
75micron.

All samples were analysed for Au using the Au-AA26 technique which is a 50g lead
collection fire assay.

For Diamond core and RC samples the sample preparation technique is appropriate
and is standard industry practice for a gold deposit.

Quality control for maximising representivity of samples included sample weights,
insertion of field duplicates and laboratory duplicates.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
RC samples were split using a riffle splitter. 1m samples were collected and 5m
composites prepared for assay. Re-assays were undertaken on selected 1m samples.
Typically 3kg samples were submitted to the assay laboratory.
Only minor numbers of samples are recorded as being wet.

30

Criteria JORC Code explanation Commentary
QA/QC data is not currently available.
Sampling processes are considered fit for purpose.
Diamond core was presented and stored in industry standard core boxes. The core was
orientated and core loss noted. Once logged the core was marked up for sampling
ranging from 0.5m to 2.0m largely matching geological contacts. Half core samples were
collected and submitted to the assay laboratory.
Samples were analysed for Au by AAS technique with results greater than 0.5ppm Au re-
assayed by Fire Assay. Assays >3g/t Au re-assayed by Screen Fire Assay. This
methodology was applied to account for a recognized coarse gold component within the
mineralised zones.
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 (e.g. standards, blanks, duplicates,
external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of
bias) and precision have been established.

Drill samples were submitted to ALS (Perth). All samples were analysed by a 50g
fire assay (AAS finish) which is a total assay.

Ore zones were also submitted for accelerated cyanide leachwell test work. This is
involves a 2000g leach with AAS finish.

Field duplicates were collected at a rate of 1:25 with CRM’s inserted at a rate of
1:25 also. The grade ranges of the CRM’s were selected based on grade
populations.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
All samples were assayed at either Analabs or ALS in Perth.
Samples were analysed for Au by AAS technique with results greater than 0.5ppm Au re-
assayed by Fire Assay. Assays >3g/t Au re-assayed by Screen Fire Assay. This
methodology was applied to account for a recognized coarse gold component within the
mineralised zones.
QA/QC data is not currently available.
Sampling processes are considered fit for purpose.
Verification of
sampling and
assaying

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.

Drilling results are cross checked by company geologists and consulting geologists
(OMNI GeoX Pty Ltd.)

Data is recorded digitally at the project within standard industry software, assay
results received digitally also.

All data is stored within a suitable database.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital

31

Criteria JORC Code explanation Commentary
databases.
Logging and sampling were recorded directly into a Stratalog T500 digital logging unit.
All drilling information is currently stored in a Gateway Access database.
All information has been plotted on section and in plan to match against neighbouring
holes and determine likely validity of the data
QA/QC data is not currently available.
Sampling and assay data are considered fit for purpose.
All data relating to historic drilling across the Montague deposit are stored in hardcopy
format at Gateway’s office. Several assays relating to historic MOA prefixed RC holes
have not been recorded in these historic reports. Gateway believes that these drill holes
were assayed, but that the assay value were recorded. Regardless of this, these holes
were omitted from the inferred resource calculation.
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.

Drill hole location is initially recorded with a handheld Garmin GPS (+/- 3m) and will
eventually be recorded by Digital GPs (+/-1cm). A Reflex EZ North Seeking Gyro is
used to record the deviation of the drill holes (+/- 1deg)
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
A truncated AMG grid was established across the project area and hole collars were
measure from fixed survey pegs. These collar locations have been validated using
detailed aerial photography.
Downhole surveys were undertaken with an Eastman single shot camera on intervals
ranging from 30 to 50m.
Hardcopy mine plans have been scanned and geo-referenced, with the resultant MGA
coordinates entered into the Gateway database. These have also been validated in the
field.
Location data is considered fit for purpose.
Data spacing
and distribution

Data spacing for reporting of Exploration Results.

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.

Whether sample compositing has been applied.

Refer to tables within text for data spacing.

Holes drilled within this program in combination with the historical holes and their
related samples are deemed to be appropriate for resource estimation.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital

32

Criteria JORC Code explanation Commentary
databases.
Please See Appendix 3 Table 2 for Results

Drilling at Montague was drilled on a spacing of 20m x 20m to
define the historic open pit resource. Below the historical open pit
mines the spacing is up to 80m by 80m in some down-dip and along
strike extents.
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.

Drill lines were orientated as close to perpendicular as possible to the perceived
strike of the mineralized structure. The orientation of drilling is suitable for the
mineralisation style and orientation of mineralisation.

Vertical drilling has been utilised at Montague to allow for room on the pit edge and
to facilitate drilling through a low level waste dump.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
Drilling at Montague has been drilled perpendicular to strike and in the across dip
direction in most cases.
The majority of holes have been drilled at a -60 to -90 degree dip and intersected the
mineralisation at an appropriate angle.
In some cases reverse angled holes have been completed to test for short range
controls on the gold mineralisation.
The orientation of the drilling is suitable for the mineralisation style and orientation of
the mineralisation at Montague.
Sample security
The measures taken to ensure sample security.

Calico samples are sealed into green/poly weave bags and cable tied. These are then
sealed in bulka bags and transported to the laboratory in Perth by company staff or
trusted contractors or established freight companies.
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.
No information.
Audits or
reviews

The results of any audits or reviews of sampling techniques and data.

Drilling results are cross checked by company geologists and consulting geologists
(OMNI GeoX Pty Ltd.)

33

Criteria JORC Code explanation Commentary
Historical Drilling:
All information referred in this report not collected in this current program has been
accessed through verifying historical company reports and/or available digital
databases.

Section 2 Reporting of Exploration Results Montague

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Mineral Type, reference name/number, location and ownership including agreements or The Montague Gold Deposit is situated on Mining Lease M57/98 which is held 100%
tenement and material issues with third parties such as joint ventures, partnerships, overriding by Gateway Mining Ltd.
land tenure royalties, native title interests, historical sites, wilderness or national park and
status 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.
Exploration done
Acknowledgment and appraisal of exploration by other parties. Montague open cut was mined from 1989-1990 (Herald Resource Ltd) and ore was
by other parties toll treated through the Herald mill. Little attention was paid to mineralisation
other thangold.
Geology Deposit type, geological setting and style of mineralisation. The historic open cut pit is interpreted to comprise of two domains of
mineralisation, separated by a NW-SE striking fault. The western extent of the pit
contains WSW dipping mineralisation of the Montague Lode, and the eastern
extent containing SSE dipping Boulder mineralisation.
The Montague and Gordon’s Lode is hosted entirely within a shallow westerly
dipping biotite schist which displays significant sericite alteration on the
hangingwall margin. This unit is hosted within the aphyric basalt unit on the
western margin of the granodiorite. The Boulder lode is hosted entirely within the
granodiorite unit.
Drill hole A summary of all information material to the understanding of the exploration Exploration drill results that were used to define the inferred resource are contained
Information results including a tabulation of the following information for all Material drill holes: within Appendix 3 Table 2
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill
hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified on the basis that the information is not
Material and this exclusion does not detractfrom the understanding of the report,

34

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
the Competent Person should clearly explain why this is the case.
Data In reporting Exploration Results, weighting averaging techniques, maximum and/or A nominal cut-off of 0.3 g/t gold has been applied during the wireframe creation
aggregation minimum grade truncations (eg cutting of high grades) and cut-off grades are process following a cut-off grade review which indicated a natural grade cut-off at
methods usually Material and should be stated. 0.3 g/t gold.
Where aggregate intercepts incorporate short lengths of high grade results and Compositing has been undertaken within domain boundaries at 1m with a variable
longer lengths of low grade results, the procedure used for such aggregation should length of 0.2m.
be stated and some typical examples of such aggregations should be shown in detail.
Variography has been completed in Supervisor 8.7 software on a lode basis where
The assumptions used for any reporting of metal equivalent values should be clearly enough data is present. Domains with too few samples have borrowed
stated. variography.
Relationship These relationships are particularly important in the reporting of Exploration Results.
Drill lines were orientated perpendicular to the perceived strike of the mineralized
between If the geometry of the mineralisation with respect to the drill hole angle is known, its structure. The orientation of drilling is suitable for the mineralisation style and
mineralisation nature should be reported. orientation of mineralisation.
widths and If it is not known and only the down hole lengths are reported, there should be a
intercept lengths clear statement to this effect (eg ‘down hole length, true width not known’).
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be Appropriate maps and sections are included in the announcement
included for any significant discovery being reported These should include, but not be
limited to aplan view of drill hole collar locations and appropriate sectional views.
Balanced Where comprehensive reporting of all Exploration Results is not practicable, The accompanying document is considered to be a balanced report with a suitable
reporting representative reporting of both low and high grades and/or widths should be cautionary note.
practiced to avoid misleading reporting of Exploration Results.
Other Other exploration data, if meaningful and material, should be reported including 3D Gravity and airborne magnetic data is currently being processed, with the
substantive (but not limited to): geological observations; geophysical survey results; geochemical resultant model aiding future exploration programs
exploration data survey results; bulk samples – size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical and rock characteristics; potential
deleterious or contaminating substances.
Further work The nature and scale of planned further work (eg tests for lateral extensions or depth
A substantial RC program to extend the known resource and test proximal high
extensions or large-scale step-out drilling). priority drill targets is ongoing.
Diagrams clearly highlighting the areas of possible extensions, including the main
geological interpretations and future drilling areas, provided this information is not
commercially sensitive.

Section 3: Estimation and Reporting of Mineral Resources Montague

Criteria JORC Code explanation Commentary
Database integrity
Measures taken to ensure that data has not
been corrupted by, for example, transcription
or keying errors, between its initial collection

The drill hole data is stored in a commercial referential SQL database (Datashed). The database is managed by
an external consultant, Katrina Garven.

Routine data validations are undertaken on import, such as over-lapping interval checks.

Loggingand samplingcodes are maintained in librarytables ensuringthat onlyvalid codes can be stored in the

35

and its use for Mineral Resource estimation
purposes.

Data validationprocedures used.
database.

Returned laboratory assay files are loaded into the database using standardised loading schemes.
Site visits
Comment on any site visits undertaken by the
Competent Person and the outcome of those
visits.

If no site visits have been undertaken indicate
why this is the case.

Mr Peter Langworthy has undertaken numerous site visits.
Geological
interpretation

Confidence in (or conversely, the uncertainty of)
the geological interpretation of the mineral
deposit.

Nature of the data used and of any
assumptions made.

The effect, if any, of alternative interpretations
on Mineral Resource estimation.

The use of geology in guiding and controlling
Mineral Resource estimation.

The factors affecting continuity both of grade
_andgeology. _

Surface diamond and reverse circulation (RC) drill holes have been logged for lithology, structure, alteration
and mineralisation data.

The geological interpretation has been undertaken in Micromine using a nominal cut-off of 0.3 g/t gold and
logged geological codes.

The geological and weathering wireframes have been generated in LeapFrog Geo implicit software from
logged lithology and oxidation records.
Dimensions
The extent and variability of the Mineral
Resource expressed as length (along strike or
otherwise), plan width, and depth below
surface to the upper and lower limits of the
Mineral Resource

The Montague lode is hosted within a foliated biotite schist unit and has a lateral extent of 540 metres, strikes
325 degrees and dips approximately 40 degrees to the west. The Montague lode also has a variable thickness
from 40m in the oxide component to around 5 metres in thickness along strike. The Boulder lode is comprised
of several domains (8) which are hosted within the granodiorite unit and are more of a stockwork style
mineralisation zone. Each domain has a variable strike extent and thickness but each domain has a rough strike
of 290 degrees with a dipof 30 degrees to the south.
Estimation and
modelling techniques

The nature and appropriateness of the
estimation technique(s) applied and key
assumptions, including treatment of extreme
grade values, domaining, interpolation
parameters and maximum distance of
extrapolation from data points. If a computer
assisted estimation method was chosen include
a description of computer software and
parameters used.

The availability of check estimates, previous
estimates and/or mine production records and
whether the Mineral Resource estimate takes
appropriate account of such data.

The assumptions made regarding recovery of
by-products.

Estimation of deleterious elements or other
non-grade variables of economic significance

Grade estimation of gold g/t has been completed using Ordinary Kriging (OK) into 21 mineralised domains
using Maptek Vulcan 11.0.2 software. Grade assignment of gold 0g/t has been undertaken in unestimated
blocks only.

Compositing has been undertaken within domain boundaries at 1m with a variable length of 0.2m.

Variography has been completed in Supervisor 8.7 software on a lode basis where enough data is present.
Domains with too few samples have borrowed variography.

The Mineral Resource estimate has been validated using visual validation tools, mean grade comparisons
between the block model and composite grade means and swath plots comparing the composite grades and
block model grades by Northing, Easting and RL.

No assumptions have been made regarding recovery of any by-products.

The drill hole data spacing is typically 20m by 20m with areas of extensional drilling at 80m by 80m in the
down-dip and along-strike extents.

The block model parent block size is 10.0.m(X) by 10.0m (Y) by 5.0m (Z). A sub-block size of 2.0m (X) by 2.0m
(Y) by 0.5m (Z) has been used to define the mineralisation edges, with the estimation undertaken at the parent
block scale.
o Pass 1 estimations have been undertaken using a minimum of 8 and a maximum of 20 samples into a
search ellipse which ranges of 72m (Dir 1) by 30m (Dir 2) by 24m (Dir 3). A sample per drill hole limit of 4
samples/drill hole has been applied in all domains.

36

(e.g. sulphur for acid mine drainage
characterisation).

In the case of block model interpolation, the
block size in relation to the average sample
spacing and the search employed.

Any assumptions behind modelling of selective
mining units.

Any assumptions about correlation between
variables

Description of how the geological
interpretation was used to control the resource
estimates.

Discussion of basis for using or not using grade
cutting or capping.

The process of validation, the checking process
used, the comparison of model data to drill hole
data, and use of reconciliation data if available.
o Pass 2 estimations have been undertaken using a minimum of 8 and a maximum of 20 samples into a
search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). A sample per drill hole limit of
4 samples/drill hole has been applied in all domains.
o Pass 3 estimations have been undertaken using a minimum of 4 and a maximum of 20 samples into a
search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). No sample per drill hole limit
has been applied.

No selective mining units are assumed in this estimate.

No correlation between variables has been assumed.

The drill holes have been flagged with the domain code and composited using the domain code to segregate
the data. Hard boundaries have been used at all domain boundaries.

Top-cuts have not been assigned to the various domains.

Model validation has been carried out, including visual comparison between composites and estimated blocks;
check for negative or absent grades; statistical comparison against the input drill hole data and graphical plots.
o Pass 2 estimations have been undertaken using a minimum of 8 and a maximum of 20 samples into a
search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). A sample per drill hole limit of
4 samples/drill hole has been applied in all domains.
o Pass 3 estimations have been undertaken using a minimum of 4 and a maximum of 20 samples into a
search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). No sample per drill hole limit
has been applied.

No selective mining units are assumed in this estimate.

No correlation between variables has been assumed.

The drill holes have been flagged with the domain code and composited using the domain code to segregate
the data. Hard boundaries have been used at all domain boundaries.

Top-cuts have not been assigned to the various domains.

Model validation has been carried out, including visual comparison between composites and estimated blocks;
check for negative or absent grades; statistical comparison against the input drill hole data and graphical plots.
o Pass 2 estimations have been undertaken using a minimum of 8 and a maximum of 20 samples into a
search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). A sample per drill hole limit of
4 samples/drill hole has been applied in all domains.
o Pass 3 estimations have been undertaken using a minimum of 4 and a maximum of 20 samples into a
search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). No sample per drill hole limit
has been applied.

No selective mining units are assumed in this estimate.

No correlation between variables has been assumed.

The drill holes have been flagged with the domain code and composited using the domain code to segregate
the data. Hard boundaries have been used at all domain boundaries.

Top-cuts have not been assigned to the various domains.

Model validation has been carried out, including visual comparison between composites and estimated blocks;
check for negative or absent grades; statistical comparison against the input drill hole data and graphical plots.
o Pass 2 estimations have been undertaken using a minimum of 8 and a maximum of 20 samples into a
search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). A sample per drill hole limit of
4 samples/drill hole has been applied in all domains.
o Pass 3 estimations have been undertaken using a minimum of 4 and a maximum of 20 samples into a
search ellipse which ranges of 120m (Dir 1) by 50m (Dir 2) by 40m (Dir 3). No sample per drill hole limit
has been applied.

No selective mining units are assumed in this estimate.

No correlation between variables has been assumed.

The drill holes have been flagged with the domain code and composited using the domain code to segregate
the data. Hard boundaries have been used at all domain boundaries.

Top-cuts have not been assigned to the various domains.

Model validation has been carried out, including visual comparison between composites and estimated blocks;
check for negative or absent grades; statistical comparison against the input drill hole data and graphical plots.
Moisture
Whether the tonnages are estimated on a dry
basis or with natural moisture, and the method
of determination of the moisture content.

The tonnes have been estimated on a dry basis.
Cut-off parameters
The basis of the adopted cut-off grade(s) or
quality parameters applied

A nominal cut-off of 0.3 g/t gold has been applied during the wireframe creation process following a cut-off
grade review which indicated a natural grade cut-off at 0.3 g/t gold.
Mining factors or
assumptions

Assumptions made regarding possible mining
methods, minimum mining dimensions and
internal (or, if applicable, external) mining
dilution. It is always necessary as part of the
process of determining reasonable prospects
for eventual economic extraction to consider
potential mining methods, but the assumptions
made regarding mining methods and
parameters when estimating Mineral Resources
may not always be rigorous. Where this is the
case, this should be reported with an
explanation of the basis of the mining
assumptions made.

A whittle pit optimisation has been run in order
The mining assumptions/parameters applied to
Price
Unit
Gold Price
AUD / ounce
Aboriginal Heritage
AUD / ounce
Royalty
%
Nett Metal Value
AUD/ gram
Mining Cost
Base Waste Mining Cost
AUD / tonne
Incremental costper bench
AUD/tonne
Mining parameters
Mining dilution
%
Miningrecovery
%
Geotechnical Parameters
Overall wall angles
Oxide
deg
Transitional
deg
to generate a pit shell wireframe for MRE reporting purposes.
the optimisation are
Amount
Comments
$2,400
-
2.50%
75.23
$2.50
(incremental cost per 10m bench)
$0.06
0%
100%
45
45
Price
Unit
Amount Comments
Gold Price
AUD / ounce
Aboriginal Heritage
AUD / ounce
Royalty
%
$2,400
-
2.50%
Nett Metal Value
AUD/ gram
75.23
Mining Cost (incremental cost per 10m bench)
Base Waste Mining Cost
AUD / tonne
Incremental costper bench
AUD/tonne
$2.50
$0.06
Mining parameters
Mining dilution
%
Miningrecovery
%
0%
100%
Geotechnical Parameters
Overall wall angles
Oxide
deg
Transitional
deg
45
45

37

Fresh
deg
45
Processing Cost
Milling Cost
AUD / tonne
Transport (mine to mill)
AUD / tonne
Grade Control
AUD / tonne
Ore Differential
AUD/tonne
$23.00
$-
$-
$1.50
Total Processing Cost
AUD / tonne
$24.50
Processing Recovery
Oxide
%
Transitional
%
Fresh
%
95%
95%
95%
Discounting
Annual discounting
%
10.0%
Fixed Costs
General and Admin
AUD / tonne
$7.50
Whittle COSTP
AUD/tonne
$32.00
Metallurgical factors
or assumptions

The basis for assumptions or predictions
regarding metallurgical amenability. It is
always necessary as part of the process of
determining reasonable prospects for eventual
economic extraction to consider potential
metallurgical methods, but the assumptions
regarding metallurgical treatment processes
and parameters made when reporting Mineral
Resources may not always be rigorous. Where
this is the case, this should be reported with an
explanation of the basis of the metallurgical
assumptions made.

A processing recovery of 95% has been applied to all material.
Environmental factors
or assumptions

Assumptions made regarding possible waste
and process residue disposal options. It is
always necessary as part of the process of
determining reasonable prospects for eventual
economic extraction to consider the potential
environmental impacts of the mining and
processing operation. While at this stage the
determination of potential environmental
impacts, particularly for a greenfields project,
may not always be well advanced, the status of

No environmental factors or assumptions have been applied to t
he Mineral Resource estimation.

38

early consideration of these potential
environmental impacts should be reported.
Where these aspects have not been considered
this should be reported with an explanation of
the environmental assumptions made
Bulk density
Whether assumed or determined. If assumed,
the basis for the assumptions. If determined,
the method used, whether wet or dry, the
frequency of the measurements, the nature,
size and representativeness of the samples.

The bulk density for bulk material must have
been measured by methods that adequately
account for void spaces (vugs, porosity, etc),
moisture and differences between rock and
alteration zones within the deposit,

Discuss assumptions for bulk density estimates
used in the evaluation process of the different
materials.

Densities have been assigned by lithology and weathering state.

The selection of bulk density samples is determined by the logging geologist and is undertaken in a manner
designed to determine the density of all material types. The diamond drill core is competent and does not
display evidence of voids or vugs.

A density data review of 36 bulk density determinations has been undertaken by lithology and
weathering/oxidation state. Mean density values have been applied to material types represented in the
density determination data.

Density has been assigned to the waste dump fill material. The densities applied are considered appropriate
for this material.

Densities applied to the block model are :
Domain / Lithology
Weathering
Bulk Density Assigned (t/m3)
Waste dump fill
NA
1.4
Basalt(3)
Oxide
1.8
Granodiorite(1)
Oxide
1.8
Biotite Schist(4)
Oxide
1.8
Basalt(3)
Fresh
2.9
Granodiorite(1)
Fresh
2.7
Biotite Schist(4)
Fresh
2.8
Classification
The basis for the classification of the Mineral
Resources into varying confidence categories

Whether appropriate account has been taken
of all relevant factors (i.e. relative confidence in
tonnage/grade estimations, reliability of input
data, confidence in continuity of geology and
metal values, quality, quantity and distribution
of the data).

Whether the result appropriately reflects the
Competent Person’s view of the deposit.

The resource classification has been applied to the MRE based on the drilling data spacing, grade and
geological continuity, and data integrity.

The classification takes into account the relative contributions of geological and data quality and confidence,
as well as grade confidence and continuity.

The classification reflects the view of the Competent Person.
Audits or reviews
The results of any audits or reviews of Mineral
Resource estimates.

This Mineral Resource estimate for Whistler has not been audited by an external party.

39

  • Discussion of relative • The relative accuracy of the Mineral Resource estimate is reflected in the reporting of the Mineral Resource as accuracy/confidenceWhere appropriate a statement of the relative per the guidelines of the 2012 JORC Code. accuracy and confidence level in the Mineral Resource estimate using an approach or procedure deemed appropriate by the Competent Person. For example, the application of statistical or geostatistical procedures to quantify the relative accuracy of the resource within stated confidence limits, or, if such an approach is not deemed appropriate, a qualitative discussion of the factors that could affect the relative accuracy and confidence of the estimate

  • The statement should specify whether it relates to global or local estimates, and, if local, state the relevant tonnages, which should be relevant to technical and economic evaluation. Documentation should include assumptions made and the procedures used

  • These statements of relative accuracy and confidence of the estimate should be compared with production data, where available

APPENDIX (3): RESOURCE DRILL INTERCEPTS (RAW DATA)

Table 1: Whistler

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
89MRP70 RC 751,639 6,967,962 513.0 -60 270 61 32 35 3 0.49
89MRP69 RC 751,619 6,967,962 513.0 -60 270 60 26 27 1 0.24
28 30 2 0.26
35 36 1 0.39
GRC374 RC 751715 6967980 513 -50 270 148 21 28 7 2.26
110 113 3 0.25
89MRP73 RC 751659 6967987 513 -60 270 92 66 67 1 0.55
89MRP47 RC 751639 6967987 513 -60 270 76 24 26 2 0.43
29 54 25 1.62
65 72 7 1.06
89MRP46 RC 751619 6967987 513 -60 270 60 23 35 12 0.76
39 43 4 0.63
55 57 2 0.67
89MRP45 RC 751599 6967987 513 -60 270 60 27 31 4 0.60

40

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
GRC348 RC 751725 6968012 513 -60 270 198 15 17 2 1.06
67 68 1 0.53
GRC376 RC 751710 6968020 513 -50 270 148 44 46 2 0.24
113 121 8 5.78
131 133 2 1.46
87MRD6 Diamond 751672 6968008 513 -60 270 57 44 48 4 0.31
87MRD6A Diamond 751670 6968008 513 -60 270 200 41 48 7 1.19
76 78 2 0.38
80 82 2 0.93
95 97 2 1.23
118 121 3 0.55
89MRP43 RC 751639 6968012 513 -60 270 90 20 21 1 0.60
22 29 7 1.22
41 59 18 1.56
65 71 6 1.91
89MRP42 RC 751619 6968012 513 -60 270 60 16 39 23 1.95
43 47 4 0.70
58 60 2 0.53
89MRP41 RC 751600 6968012 514 -60 270 60 12 18 6 2.71
27 36 9 0.86
89MRP40 RC 751579 6968012 513 -60 270 60 21 28 7 0.80
89MRD41 Diamond 751659 6968037 513 -60 270 102 20 32 12 1.04
36 39 3 0.22
71 82 11 2.16
84 86 2 2.28
90 100 10 1.29
89MRP39 Diamond 751639 6968037 513 -60 270 75 21 25 4 1.33
47 75 27 2.08
89MRP38 RC 751619 6968037 513 -60 270 60 28 40 12 2.47
58 59 1 0.18
89MRP37 RC 751599 6968037 513 -60 270 60 27 28 1 0.38
30 32 2 1.78
89MRP36 RC 751579 6968037 513 -60 270 60 16 22 6 1.82
89MRP35 RC 751559 6968037 513 -60 270 60 10 11 1 0.91
GRC349 RC 751743 6968051 513 -60 270 101 10 16 6 0.81
GRC350 RC 751741 6968053 513 -60 270 263 95 97 2 1.11
119 120 1 1.15
162 167 5 1.24
168 169 1 4.59
236 238 2 0.41
GRC314 RC 751719 6968048 513 -60 270 215 59 61 2 4.61

41

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
78 89 11 0.62
143 145 2 0.68
168 170 2 0.96
176 181 5 0.45
89MRD41 Diamond 751659 6968037 513 -60 270 102 20 32 12 1.04
36 39 3 0.22
71 82 11 2.16
84 86 2 2.28
90 100 10 1.29
89MRP39 RC 751639 6968037 513 -60 270 75 21 25 4 1.33
47 75 27 2.08
89MRP38 RC 751619 6968037 513 -60 270 60 28 40 12 2.47
58 59 1 0.18
89MRP37 RC 751599 6968037 513 -60 270 60 27 28 1 0.38
30 32 2 1.78
89MRP36 RC 751579 6968037 513 -60 270 60 16 22 6 1.82
89MRP35 RC 751559 6968037 513 -60 270 60 10 11 1 0.91
88MRD15 Diamond 751589 6968061 513 -60 90 144 10 34 24 3.71
47 50 3 7.44
57 123 60 1.86
88MRD16 Diamond 751559 6968061 513 -60 90 203.5 10 12 2 2.90
48 50 2 0.69
114 116 2 0.57
148 151 3 1.07
170 190 20 2.01
GRC345 RC 751709 6968057 513 -60 270 183 66 68 2 0.76
120 154 33 1.10
167 169 2 0.53
180 183 3 0.38
GRC344 RC 751700 6968059 513 -60 270 143 94 113 19 0.71
121 123 2 0.24
141 142 1 0.30
89MRD40 Diamond 751660 6968062 513 -70 270 120 28 30 2 0.54
68 69 1 7.66
73 75 2 0.42
81.15 109.30 28.15 1.16
89MRD31 Diamond 751660 6968062 513 -60 270 102 24 26 2 0.53
30 34 4 3.46
59 80 21 1.60
97 99 2 0.14
88MRP14 RC 751639 6968062 513 -60 270 90 29 31 2 0.26

42

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
37 53 16 2.97
60 73 11 0.87
88MRP13 RC 751619 6968062 513 -60 270 80 16 18 2 0.18
24 31 7 1.76
34 38 4 3.88
57 59 2 0.12
88MRP12 RC 751599 6968061 513 -60 270 60 7 33 24 1.79
88MRP11 RC 751579 6968061 513 -60 270 60 14 15 1 1.90
24 25 1 0.25
89MRP34 RC 751559 6968063 513 -60 270 60 16 19 3 1.14
89MRP33 RC 751540 6968062 513 -60 270 60 16 18 2 2.76
GRC341 RC 751738 6968081 513 -70 270 302 120 122 2 0.41
169 172 3 2.31
GRC310 RC 751735 6968079 513 -60 270 247 79 85 6 1.46
143 149 8 0.61
161 173 12 1.10
183 204 21 2.89
208 209 1 0.33
219 220 1 0.13
MW4RD Diamond 751719 6968087 513 -60 270 173.78 48 50 2 0.38
68 72 4 0.27
115 173 46 2.91
GRC309 RC 751707 6968080 513 -60 270 203 45 46 1 0.40
99 114 12 2.13
120 168 46 1.37
GRC356 RC 751703 6968089 513 -60 270 177 15 18 3 0.35
96 100 4 0.26
105 106 1 0.45
108 109 1 1.13
115 152 37 1.92
157 158 1 1.95
165 166 1 5.61
171 173 2 3.03
GRC353 RC 751696 6968089 513 -50 270 111 82 84 2 0.63
100 111 11 1.78
89MRD39 Diamond 751660 6968087 513 -70 270 108 56 62 6 0.84
82 105 23 1.75
89MRD29 Diamond 751659 6968087 513 -60 270 108 44 48 4 2.19
52 76 24 4.47
85.00 91.36 6.36 2.02
88MRP09 RC 751639 6968088 513 -60 270 100 24 26 2 0.69

43

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
33 61 28 6.72
68 72 4 0.39
88MRP08 RC 751619 6968088 513 -60 270 80 18 43 24 2.37
54 62 8 0.45
88MRP07 RC 751599 6968087 513 -60 270 60 11 26 15 3.68
29 36 7 2.33
42 44 2 0.30
88MRP06 RC 751579 6968088 513 -60 270 60 11 13 2 4.24
23 25 2 0.34
WRC018 Diamond 751777 6968112 513 -60 270 339.9 96 102 6 4.34
180 182 2 10.53
217 219 2 1.06
88MRD8A Diamond 751743 6968111 513 -60 270 253.6 99 101 2 2.78
208.00 219.25 11.25 5.46
229 230 2 0.47
GRC311 RC 751730 6968107 513 -60 270 251 41 44 3 3.13
138 140 2 0.63
178 200 19 5.08
WRC017 Diamond 751712 6968112 513 -60 270 159.6 106 108 2 0.52
123 124 1 0.76
129 155 26 14.14
GRC355 RC 751702 6968112 513 -60 270 153 10 17 7 0.85
101 106 5 0.27
111 132 21 2.51
148 149 1 0.42
GRC354 RC 751699 6968125 513 -60 270 177 101 107 6 2.52
110 111 1 0.95
115 134 19 3.67
137 141 4 1.60
151 152 1 0.18
162 164 2 0.43
87MRD5 Diamond 751680 6968108 513 -60 270 210 64 65 1 1.66
69 70 1 9.00
88 96 8 10.00
112 116 4 2.21
123 125 2 0.74
138 140 2 0.25
89MRD42 Diamond 751650 6968112 513 -70 270 114 39.00 42.50 3.50 7.51
53 73 20 2.59
80 82 2 3.26
91 93 2 7.55

44

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
88MRD20 Diamond 751640 6968112 513 -60 270 57 27 57 30 4.56
88MRD21 Diamond 751620 6968112 513 -60 270 50 18 22 4 1.44
32.30 35.10 2.80 0.86
39.00 46.50 7.50 0.74
88MRP16 RC 751599 6968112 513 -60 270 60 14 24 10 7.06
29 35 6 0.72
39 41 2 0.51
88MRP15 RC 751577 6968112 513 -60 270 60 20 24 4 1.50
30 32 2 0.56
89MRD43 Diamond 751599 6968112 513 -60 90 108 17 22 5 0.37
28 56 28 4.71
59 64 5 1.15
72 73 1 1.75
92.00 96.50 4.50 1.31
88MRD9 Diamond 751589 6968112 513 -60 90 202.8 16 64 48 0.94
68 69 1 0.23
70.90 75.00 4.10 2.31
100 111 11 7.68
129 131 2 0.30
183 187 4 0.56
88MRD13 Diamond 751559 6968112 513 -60 90 239.05 22 24 2 1.32
38 42 4 0.37
122 124 2 0.46
157 184 27 2.66
212 213 2 2.73
88MRD45 Diamond 751529 6968136 513 -60 90 250 193.40 194.85 1.45 0.31
211 215 4 2.66
224 226 2 0.18
GDD012 Diamond 751760 6968140 513 -60 270 270.1 130 132 2 6.92
186 188 2 4.41
217 219 2 1.62
250.00 250.50 0.50 37.50
GRC343 RC 751728 6968138 513 -60 270 263 15 17 2 1.30
197 210 13 6.90
GRC364 RC 751726 6968130 513 -60 270 245 18 20 2 1.89
148 150 2 0.51
188 198 10 4.88
216 221 5 2.36
GRC346 RC 751710 6968141 513 -60 270 243 103 104 1 1.03
121 123 2 0.48
149 172 23 4.85

45

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
177 187 10 2.77
210 218 8 0.44
GDD006 Diamond 751704 6968138 513 -60 270 234.5 128 156 28 3.89
162 164 2 4.45
174.90 178.40 3.50 57.26
GRC354 RC 751699 6968125 513 -60 270 177 101 107 6 2.52
110 111 1 0.95
115 134 19 3.67
137 141 4 1.60
151 152 1 0.18
162 164 2 0.43
89MRD35 Diamond 751659 6968137 513 -70 270 120.2 52.00 54.10 2.10 0.25
81.90 99.00 17.10 2.24
105 110 5 1.72
89MRD34 Diamond 751659 6968137 513 -60 270 108 46 48 2 0.35
67.00 84.50 17.50 1.27
90.00 95.50 5.50 0.65
89MRD33 Diamond 751639 6968137 513 -60 270 102 28.00 32.00 4.00 0.42
38.00 62.30 24.30 1.51
68.00 73.00 5.00 0.39
88MRP20 RC 751619 6968137 513 -60 270 80 19 21 2 0.83
28 40 12 2.01
42 48 6 0.50
55 58 3 0.32
88MRP19 RC 751599 6968137 513 -60 270 60 33 36 3 1.21
42 46 4 0.64
88MRP18 RC 751578 6968136 513 -60 270 59 25 28 3 0.37
30 38 8 0.78
88MRD14 Diamond 751530 6968162 513 -60 90 264 170 190 20 2.66
220 222 2 0.82
MW3RD Diamond 751704 6968162 513 -60 270 203.8 143 167 24 1.02
195 202 7 1.51
GRC315 RC 751695 6968170 513 -60 270 233 131 155 23 1.91
164 179 15 0.84
88MRD11 Diamond 751680 6968162 513 -60 270 199.5 95.80 114.00 18.20 1.96
121.00 123.85 2.85 1.46
142 143 1 1.47
89MRD37 Diamond 751659 6968162 513 -60 270 114 46 50 4 0.18
87.50 93.00 5.50 6.50
103 105 2 2.63
89MRD36 Diamond 751640 6968162 513 -60 270 90 31 33 2 0.26

46

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
51.00 62.20 11.20 0.98
76.50 83.70 7.20 0.70
88MRP25 RC 751620 6968162 513 -60 270 90 21 22 1 0.30
29 44 15 2.94
47 51 4 0.24
88MRP24 RC 751599 6968162 513 -60 270 60 15 34 19 2.18
37 44 7 0.70
50 52 2 0.26
88MRP23 RC 751579 6968162 513 -60 270 60 2 4 2 0.22
33 37 4 0.49
41 43 2 0.39
MW1RD RC 751684 6968187 513 -60 270 152.91 130 136 6 3.04
141 143 2 1.17
89MRD38 Diamond 751638 6968187 513 -70 270 102 50.00 55.40 5.40 0.30
68.58 86.50 17.92 0.52
89MRP29 RC 751619 6968187 513 -60 270 75 31 45 14 3.41
48 50 2 1.08
56 67 11 0.37
89MRP27 RC 751580 6968187 513 -60 270 60 42 45 3 0.24
GRC317 RC 751725 6968202 513 -60 270 275 192 194 2 0.26
214 228 14 0.97
250 251 1 0.22
GRC316 RC 751673 6968201 513 -60 270 179 92 93 1 0.72
110 125 15 2.41
129 134 5 0.78
GRC375 RC 751645 6968240 513 -50 230 123 60 64 4 0.11
79 91 12 4.96
89MRP32 RC 751619 6968212 513 -60 270 31.5 30 31 1 0.32
89MRP31 RC 751599 6968212 513 -60 270 60 22 30 8 0.32
GRC377 RC 751705 6968230 513 -60 270 228 154 156 2 0.21
184 193 9 0.41
206 212 6 1.60
GRC318 RC 751660 6968225 513 -60 270 155 78 80 2 1.83
98 102 4 1.54
116 118 2 0.36
GRC320 RC 751637 6968266 513 -60 270 125 76 77 1 1.02
GRC090 RC 751577 6968262 513 -60 180 160 24 29 5 0.38

Table 2: Montague

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH (m) From (m) To (m) Width (m) Au (g/t)

47

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
HRC045 RC 750,993 6,966,737 506.0 -60 90 40 30 32 2 0.50
GRC303 RC 750,947 6,966,738 506.0 -60 90 111 48 58 10 0.59
85MORC19 RC 751,069 6,966,760 506.0 -60 0 35 16 23 7 0.83
85MORC18 RC 751,029 6,966,760 506.0 -60 0 28 22 28 6 0.69
HRC038 RC 750989 6966757 506 -60 90 40 26 30 4 0.45
HRC037 RC 750984 6966757 506 -60 90 40 28 32 4 1.07
85MORC25 RC 750989 6966768 506 -60 0 41 32 41 9 3.21
MOA37R RC 751005 6966799 506 -90 0 48 32 36 4 0.39
MOA66R RC 750985 6966798 506 -90 0 42 22 27 5 3.50
MOA67R RC 750965 6966797 506 -90 0 54 29 31 2 0.63
86MOD1 RC 750948 6966794 506 -90 0 70 39 43 4 1.11
GRC323 RC 750877 6966800 507 -60 90 155 65 70 5 1.13
GRC380 RC 750850 6966800 505 -90 0 119 73 86 13 3.78
MOA72R RC 751005 6966819 506 -90 0 42 29 36 7 0.58
MOA65R RC 750985 6966819 506 -90 0 42 19 23 4 0.64
MOA30R RC 750965 6966819 506 -90 0 54 20 51 31 1.52
86MOPD1 RC 750948 6966815 506 -60 0 70 24 70 46 0.99
MOA31R RC 750945 6966819 506 -90 0 59 20 54 34 1.26
MOA33R RC 750925 6966819 506 -90 0 65 46 59 13 1.05
86MOPD10 RC 751025 6966821 507 -60 0 48 31 34 3 0.39
HRC039 RC 751024 6966837 506 -90 0 36 26 30 4 0.94
MOA71R RC 751004 6966839 507 -90 0 38 26 28 2 1.08
86MOPD14 RC 750985 6966837 507 -60 0 48 18 38 20 1.34
MOA64R RC 750984 6966839 507 -90 0 48 17 20 3 1.21
MOA29R RC 750965 6966838 507 -90 0 56 21 56 35 0.67
86MOPD1 RC 750948 6966815 507 -60 0 70 24 70 46 0.99
MOA22R RC 750949 6966827 507 -60 0 49 28 49 21 1.38
MOA32R RC 750925 6966839 507 -90 0 63 45 52 7 3.02
MOA36R RC 750905 6966840 507 -90 0 65 54 60 6 1.71
GRC360 RC 750859 6966841 507 -60 90 105 64 68 4 1.67
GRC359 RC 750857 6966841 507 -90 0 124 60 69 9 0.50
86MOPD13 RC 751105 6966865 507 -90 0 36 25 36 11 0.83
GRC327 RC 751083 6966838 507 -60 0 143 33 38 5 0.40
MORC19 RC 751026 6966843 507 -60 0 48 24 27 3 0.55
MOA70R RC 751005 6966857 507 -90 0 37 16 23 7 0.67
24 27 3 0.77
MORC18 RC 750986 6966858 507 -60 0 28 9 28 19 0.41
MOA26R RC 750965 6966860 507 -60 0 51 9 13 4 0.28
14 23 9 0.45
25 28 3 1.77
86MOPD2 RC 750949 6966838 507 -60 0 53 25 53 28 1.55

48

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
MORC25 RC 750948 6966838 507 -60 0 41 27 41 14 2.16
MOA21R RC 750948 6966849 507 -60 0 40 24 40 16 2.59
MOA24R RC 750925 6966849 507 -60 0 51 35 49 14 5.99
GRC324 RC 750857 6966861 507 -60 90 101 56 65 9 1.19
GRC325 RC 750854 6966861 507 -90 0 120 70 74 4 5.54
MOA130R RC 751098 6966885 507 -90 0 44 23 37 14 0.55
86MOPD11 RC 751066 6966878 507 -60 0 54 15 20 5 0.35
35 54 19 0.73
MORC19 RC 751026 6966866 507 -60 0 35 16 23 7 0.83
MOA28R RC 750986 6966877 507 -60 0 42 6 25 19 2.18
MOA25R RC 750966 6966880 507 -60 0 43 11 15 4 0.18
MOA27R RC 750965 6966839 507 -60 0 58 26 48 22 0.58
MORC17 RC 750947 6966881 507 -60 0 21 6 8 2 6.55
9 13 4 0.54
MOA23R RC 750925 6966870 507 -60 0 49 25 37 12 2.65
86MOPD5 RC 750889 6966859 507 -60 45 66 41 50 9 0.35
86MOPD4 RC 750905 6966875 507 -60 45 53 26 45 19 1.01
86MOPD3 RC 750918 6966885 507 -60 45 42 15 30 15 0.77
MOA130R RC 751098 6966885 507 -90 0 44 23 37 14 0.55
86MOPD11 RC 751066 6966878 507 -90 0 54 15 20 5 0.35
MOA52R RC 750885 6966880 507 -90 0 63 44 50 6 0.70
GRC362 RC 750843 6966880 507 -60 0 99 53 70 17 0.50
GRC361 RC 750841 6966880 507 -90 0 124 78 85 7 1.56
MOA120R RC 751135 6966893 507 -90 0 50 31 36 5 0.37
MOA129R RC 751119 6966894 507 -90 0 50 20 24 4 0.30
33 42 9 1.34
MOA131R RC 751097 6966896 507 -90 0 48 10 24 14 1.55
31 48 17 1.58
MOA132R RC 751083 6966896 508 -90 0 46 12 13 1 0.34
25 46 21 2.61
MOA88R RC 751045 6966899 508 -90 0 39 13 15 2 0.52
18 34 16 0.96
MOA76R RC 751023 6966899 507 -90 0 30 7 10 3 1.14
MOA41R RC 750933 6966900 507 -90 0 36 0 17 17 0.62
MOA42R RC 750914 6966900 507 -90 0 42 26 30 4 0.73
MOA37R RC 750905 6966899 507 -90 0 49 36 42 6 11.77
MOA43R RC 750885 6966899 507 -90 0 64 54 57 3 1.37
GRC342 RC 750820 6966910 510 -90 0 227 89 107 18 2.29
GRC371 RC 750770 6966910 514 -90 0 165 141 145 4 1.69
GRC330 RC 750844 6966918 506 -90 0 252 70 85 15 2.11
239 245 6 16.21

49

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
MOA115R RC 751103 6966917 508 -90 0 40 29 39 10 5.29
MOA114R RC 751087 6966919 508 -90 0 47 2 6 4 0.80
30 47 17 1.52
MOA89R RC 751065 6966919 509 -90 0 45 14 38 24 0.94
MOA87R RC 751045 6966917 508 -90 0 45 13 30 17 0.71
MOA75R RC 751023 6966920 508 -90 0 36 0 10 10 2.25
MOA57R RC 751002 6966922 508 -90 0 48 0 9 9 1.73
MOA54R RC 750965 6966923 507 -90 0 50 0 29 29 0.95
MOA45R RC 750943 6966919 507 -90 0 40 0.00 30.00 30.00 0.86
86MOPD6 RC 750917 6966919 507 -60 90 30 17 30 13 0.50
86MOPD7 RC 750893 6966920 507 -60 90 48 30 37 7 0.76
MOA44R RC 750885 6966919 508 -90 0 62 41 51 10 0.93
GDD007 Diamond 750849 6966919 507 -60 90 369.9 46.50 56.50 10.00 1.24
GDD016 Diamond 750795 6966920 511 -90 0 162.5 124.90 127.40 2.50 1.08
MOA116R RC 751103 6966938 509 -90 0 41 8 21 13 7.37
31 41 10 0.85
MOA113R RC 751086 6966939 510 -90 0 45 10 23 13 1.75
42 45 3 1.59
MOA86R RC 751065 6966939 509 -90 0 55 10 31 21 3.64
48 55 7 0.50
MOA85R RC 751045 6966939 509 -90 0 51 6 27 21 4.32
49 51 2 0.59
MOA84R RC 751030 6966939 508 -90 0 57 0 13 13 4.41
14 29 15 3.81
MOA111R RC 751005 6966939 508 -90 0 58 0 14 14 0.93
35 40 5 1.12
41 43 2 0.57
MOA77R RC 750984 6966941 508 -90 0 56 32 52 20 3.77
MOA55R RC 750964 6966939 507 -90 0 60 0 2 2 0.50
13 36 13 1.52
37 39 2 0.95
40 42 2 1.01
43 45 2 0.46
MOA46R RC 750944 6966940 507 -90 0 44 20 44 24 3.12
MOA38R RC 750923 6966940 507 -90 0 45 0 5 5 0.68
9 30 21 0.71
MOA39R RC 750904 6966939 506 -90 0 43 10 16 6 0.62
22 43 21 0.81
GRC358 RC 750816 6966940 510 -60 90 111 63 77 14 1.06
GRC357 RC 750818 6966940 510 -90 0 130 104 112 8 7.28
GRC370 RC 750770 6966940 514 -90 0 180 137 147 8 25.20

50

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
GRC367 RC 750720 6966930 515 -90 0 183 171 174 3 0.35
MOA126R RC 751120 6966969 508 -90 0 40 34 36 2 0.41
MOA117R RC 751105 6966958 510 -90 0 42 0 4 4 1.98
13 17 4 0.32
32 39 7 0.63
MOA133R RC 751098 6966970 510 -90 0 40 5 11 6 4.71
24 36 12 0.56
MOA112R RC 751085 6966959 510 -90 0 44 0 11 11 3.65
17 21 4 0.99
22 36 14 0.70
MOA134R RC 751085 6966969 509 -90 0 44 10 18 8 11.33
MOA83R RC 751065 6966959 509 -90 0 51 6 20 14 0.78
21.00 25.00 4.00 3.08
37 51 14 0.55
MOA82R RC 751045 6966959 509 -90 0 50 7 22 15 1.23
37 48 11 1.73
MOA58R RC 751023 6966960 508 -90 0 64 14 26 12 0.74
37 53 16 2.20
MOA110R RC 751005 6966959 508 -90 0 76 0 22 22 0.60
28 50 22 1.58
MOA59R RC 750984 6966960 508 -90 0 65 25 51 26 1.40
MOA109R RC 750965 6966959 507 -90 0 53 0 23 23 0.41
27 53 26 1.23
MOA47R RC 750953 6966960 507 -90 0 56 25 34 9 1.01
35 53 18 1.42
MOA40R RC 750934 6966960 507 -90 0 52 17 52 35 0.84
MOA118R RC 750923 6966960 506 -90 0 46 5 10 5 0.65
21.00 43.00 22.00 1.20
86MOPD8 RC 750910 6966959 506 -60 90 30 8 17 9 1.13
26 30 4 2.49
MOA48R RC 750904 6966960 506 -90 0 48 18 21 3 1.02
26 36 10 3.68
MOA49R RC 750885 6966959 506 -90 0 64 36 40 4 0.92
GRC369 RC 750770 6966970 513 -90 0 180 139 142 3 1.14
GDD014 Diamond 750700 6966970 510 -90 0 216.6 173.80 176.00 2.20 1.31
MOA125R RC 751121 6966991 509 -90 0 34 25 32 7 1.01
MOA150R RC 751065 6966981 508 -90 0 44 6 15 9 0.81
19 26 7 1.21
MOA104R RC 751043 6966980 508 -90 0 51 3 14 11 2.24
22 28 6 0.56
MOA79R RC 751024 6966980 508 -90 0 59 11 23 12 0.54

51

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
MOA107R RC 751005 6966979 508 -90 0 70 0 4 4 1.09
23 35 12 1.63
62 70 8 2.27
MOA108R RC 750965 6966979 508 -90 0 58 11 43 32 1.09
56 58 2 0.67
MOA62R RC 750904 6966980 506 -90 0 40 24 32 8 0.37
MOA63R RC 750885 6966978 506 -90 0 48 28 35 7 2.61
MOA119R RC 750865 6966978 506 -90 0 58 29 31 2 0.64
38 40 2 0.34
GRC372 RC 750820 6966980 509 -60 90 108 56 58 2 0.91
68.00 71.00 3.00 3.24
GRC373 RC 750819 6966980 509 -90 0 121 80 81 1 0.35
GRC366 RC 750720 6966990 507 -90 0 198 154 161 7 1.51
AGRC008 RC 751135 6966999 509 -60 270 197 30 35 5 0.14
MOA106R RC 751064 6967000 508 -90 0 45 9 14 5 1.13
MOA100R RC 751023 6967000 508 -90 0 51 0 1 1 0.79
MOA99R RC 751003 6967000 508 -90 0 51 0.00 1.00 1.00 0.70
31.00 36.00 5.00 0.52
MOA98R RC 750983 6967000 508 -90 0 57 0 1 1 0.64
38 40 2 1.21
MOA97R RC 750963 6967000 508 -90 0 51 25 29 4 0.57
33 40 7 0.84
HRC001 RC 751058 6967017 508 -60 90 36 10 18 8 0.51
HRC002 RC 751043 6967017 508 -60 90 39 10 16 6 0.83
MOA102R RC 751043 6967024 508 -90 0 33 8 14 6 0.50
HRC013 RC 751028 6967017 508 -60 90 40 8 14 6 8.29
MOA80R RC 751026 6967020 508 -90 0 48 4 13 9 1.00
HRC012 RC 751013 6967017 508 -60 90 40 8.00 12.00 4.00 2.03
16 18 2 0.90
MOA103R RC 751003 6967019 508 -90 0 27 10 14 4 0.47
HRC005 RC 750908 6967017 508 -60 90 40 14.00 16.00 2.00 0.36
MOA91R RC 750903 6967019 508 -90 0 36 14 15 1 1.04
HRC004 RC 750893 6967017 509 -60 90 40 20 22 2 0.24
AGRC009 RC 750885 6967020 509 -60 90 137 20 25 5 0.99
HRC003 RC 750878 6967017 509 -60 90 40 24 28 4 0.47
MOA90R RC 750885 6967018 509 -90 0 43 22 25 3 0.31
HRC014 RC 750863 6967017 508 -60 90 40 30 32 2 0.22
38 40 2 0.30
HRC015 RC 750848 6967017 507 -60 90 40 32.00 38.00 6.00 1.39
MOA92R RC 750862 6967018 508 -90 0 56 27 35 8 1.00
43 52 9 0.32

52

Hole ID Hole Type MGA_E MGA_N RL Dip Azi EOH(m) From(m) To(m) Width(m) Au(g/t)
MOA93R RC 750845 6967019 507 -90 0 50 30 32 2 2.27
HRC073 RC 751063 6967037 508 -60 90 40 0 4 4 0.40
HRC074 RC 751048 6967037 508 -60 90 40 4 8 4 2.62
HRC075 RC 751033 6967037 508 -60 90 40 4.00 10.00 6.00 6.91
HRC121 RC 751008 6967037 508 -60 90 40 2 6 4 0.60
HRC019 RC 750883 6967057 508 -60 90 40 16 20 4 0.73
MOA94R RC 750886 6967059 508 -90 0 45 18 21 3 1.34
22 26 4 1.67
HRC020 RC 750868 6967057 508 -60 90 40 24 30 6 0.17
HRC021 RC 750853 6967057 508 -60 90 32 30 32 2 1.06
HRC109 RC 750838 6967057 508 -60 90 37 34 37 3 1.22
HRC027 RC 750913 6967097 508 -60 90 40 30 32 2 6.00
HRC028 RC 750898 6967097 508 -60 90 40 28 30 2 0.40
HRC029 RC 750883 6967097 508 -60 90 40 34 40 6 0.43
HRC030 RC 750868 6967097 508 -60 90 40 32 36 4 1.00
HRC105 RC 750898 6967117 508 -60 90 40 34 38 4 0.59
GRC212 RC 750867 6967252 509 -60 90 120 55 60 5 0.50

53