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GATEWAY MINING LIMITED Capital/Financing Update 2022

Oct 23, 2022

64999_rns_2022-10-23_d15afd83-e225-4aca-a393-25414ebaac44.pdf

Capital/Financing Update

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ASX Announcement ASX: GML

24 October 2022

Bedrock and paleochannel gold intersected at Edjudina

Gateway Mining Limited ( Company ) provides the attached announcement by DiscovEx Resources Limited (ASX:DCX) ( DCX ).

The announcement details initial drilling results intersecting bedrock and paleochannel gold intersected at the highly encouraging Spartan prospect. Spartan is part of the 80/20 joint venture between DCX and the Company over E39/1765 and E39/1882, located at Edjudina in Western Australia ( Tenements ) ( Joint Venture ). Under the terms of the Joint Venture, following the Company’s sale of an 80% interest in the Tenements, the Company has a 20% free carried interest over the Tenements up until a decision to mine over the Tenements is made. The Company also owns a 1.5% gross revenue royalty over the Tenements (excluding iron ore).

This released has been authorised by:

Mark Cossom Managing Director

For and on behalf of GATEWAY MINING LIMITED

Investors Mark Cossom Managing Director T: 08 6383 9969 or Kar Chua Company Secretary T: 02 8316 3998

Media

Nicholas Read Read Corporate T: 08 9388 1474

Gateway Mining Ltd B1/431 Roberts Road Subiaco WA 6008

LinkedIn: @gateway-mining Twitter: @gateway_mining www.gatewaymining.com.au

ASX ANNOUNCEMENT – DISCOVEX RESOURCES LIMITED

24/10/2022

Bedrock and paleochannel gold intersected at Spartan Anomalous gold intersected across multiple horizons.

  • Results returned from the first 37 AC holes at Spartan.

  • Gold anomalism intersected within both transported and in-situ material.

  • Significant intersections within weathered bedrock include:

  • Significant intersections within paleochannel include:

  • [email protected]/t Au from 32m within [email protected]/t Au from 28m (SPAC017),

  • [email protected]/t Au from 32m within [email protected]/t Au from 28m (SPAC029),

  • [email protected]/t Au from 36m (SPAC025).

  • Drilling currently ongoing with an additional 104 holes completed pending assay.

  • Multiple structural trends identified coincident with elevated bedrock gold.

  • Infill soil sampling confirming scale and high-grade tenor of gold anomalism at

  • the nearby Falcon Prospect.

Putting the Explore back into Modern Exploration

DiscovEx Resources Limited ( ASX: DCX, DiscovEx or the Company) is pleased to announce initial results from drilling activities at the Spartan Prospect, part of an 80:20 joint venture with Gateway Mining Limited (ASX:GML). First pass aircore drilling was targeted on the previously generated 1.3km long +50ppb surface gold anomaly with a peak value of 0.54g/t Au ( previously reported on 21[st] July 2022 “Infill Surface

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Sampling upgrades Spartan Anomaly” ). Drilling was undertaken to determine the potential for gold mineralisation within insitu, weathered basement rocks and to determine the extent and distribution of gold within the overlying transported cover. Initial assays have been received from the first 37 holes of the ongoing drill program with an additional 104 holes completed thus far for which assay results are yet to be received.

The results returned to date have identified gold mineralisation across multiple horizons, the first being within carbonate rich sandy soils at surface (0-8m), repeating the original surface geochemical anomaly. Elevated gold results have also been returned from a shallow, quartz gravel (+silcrete) paleochannel at or close to the base of transported material (~32-40m) and more significantly, anomalous gold (and copper) values have also been intersected within in-situ bedrock material beneath the paleochannel gold results.

These initial positive gold (and copper) results returned from the insitu bedrock beneath and adjacent to an extensive transported gold accumulation is extremely encouraging. This large-scale greenfields target has been generated in an area of no previous exploration and the extent and tenor of gold anomalism at Spartan confirms it as a high potential target.

In addition to the drilling at Spartan, infill soil sampling has been competed at the Falcon Prospect, located 5km east of Spartan, with results confirming a 3km long trend of surface gold peaking at 98ppb Au (0.098g/t Au) as well as defining a new area of anomalous gold at surface, known as the Hercules Prospect. Both the Falcon and Spartan prospect areas are located within the Edjudina Project, approximately 250km north-east of Kalgoorlie, WA ( Figure 6 ).

DCX Managing Director, Toby Wellman, commented:

“The initial results returned from the first phase of drilling at Spartan have returned numerous elevated gold and copper assays confirming there is widespread mineralisation within the Project.

Gold mineralisation has been intersected at multiple levels within the weathered profile with results suggesting the paleochannel gold is remobilised from either immediately below or further along strike to the north-east. A huge amount of information has been unpacked from this drilling, with the company’s systematic approach to exploration to continue.

Given the size and widths of mineralisation intersected, as well as the multi-element signature of the bedrock mineralisation, we may well be dealing with a large mineralised system where we have only just scratched the surface. The exploration team looks forward to completing the expanded drill program and receiving the follow-up results in due course.”

AIRCORE DRILLING

A first pass aircore drilling program is ongoing with 141 holes completed to date at the Spartan Prospect ( Figure 1 ). Drilling aims to test insitu bedrock beneath and adjacent to the footprint of a high priority surface gold anomaly, generated through systematic soil sampling. The drilling also

aims to test the extent and distribution of gold within the transported cover sequence and also targets a number of geophysical features defined in various datasets.

Completed holes were drilled on 200 x 50m and 200 x 100m centres, with drilling focussed on penetrating the transported cover sequence to obtain samples of the weathered bedrock. Samples from the entire hole were assayed for gold with anomalous results intersected at the surface (0-8m), base of transported interface (28-40m) as well as within weathered and fresh bedrock. End of hole samples of predominantly fresh bedrock were also collected and assayed for a broader suite of elements, with anomalous copper results also returned from the bottom of some holes.

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Figure 1: AC drill collars completed at the Spartan Prospect.

Significant gold results returned from the initial 37 holes within the broader program are listed below (significant results above 0.1g/t Au):

Surface mineralisation

Base of paleochannel mineralisation

Weathered bedrock mineralisation

Intersected geology consisted of transported cover sequence to depths of between 10-40m. This cover sequence is aeolian sand +/- carbonate at surface overlying a fine to coarse grained sand, often with a basal layer of quartz-rich gravels. Several bands of silcrete were intersected throughout the transported profile with the thickest horizon (between 1 and 5 metres thick) generally being intersected coincident with the gravel layer. A digital elevation model has been generated based on the depth of the transported cover which suggests drainage is being sourced from the north-east, where additional drilling has now been undertaken (results pending). Figure 1 .

Beneath the transported interface, variably weathered tonalite and minor amphibolite was intersected with increased weathering development coincident with zones of increased strain (i.e. lithological contacts and shear zones). Several intersections of amphibolite showed evidence of strong chlorite alteration and minor sulphide (pyrite +/- chalcopyrite), in particular drillhole SPAC012 which returned [email protected]% Cu at the end of hole. The north-south orientation of the multiple shear zones intersected is interpreted based on geophysics, with the geological trend

interpreted as being north-west ( Figure 2 ). The key intersection of the main structures with the amphibolite unit has now been tested with multiple holes ( Figure 1 ) with results pending.

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Figure 2: Significant intersections from weathered bedrock and paleochannel mineralisation.

Distribution of gold in calcareous soils at surface appears to correlate very well with the deeper paleochannel mineralisation, with interpreted gold redistribution vertically to surface by chemical remobilisation within the transported material ( Figures 3 & 4 ). Further work is being undertaken to determine the potential transport mechanism of gold within the deeper interpreted palaeochannel position. The presence of anomalous gold (and copper) within insitu basement rocks beneath and immediately adjacent to the palaeochannel gold is very encouraging and suggests potential for a local primary source for this significant accumulation of secondary gold mineralisation. The implications this has on the regional exploration efforts going forward is significant as it has validated the effectiveness of surface sampling in the area as a means for defining bedrock targets. The Company will continue to use this methodology to define additional targets within its large land position at Edjudina.

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Figure 3: Drillhole section 6716950mN

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Figure 4: Drillhole section 6716750mN

Soil Sampling – Falcon Prospect

Additional surface geochemical sampling was completed at the Falcon Prospect, located approximately 5km east of the Spartan Prospect. The sampling was completed to infill previous 200 x 400m spaced samples. Results have confirmed the scale of the original anomaly (~3km) and upgraded the tenor, with best results returned of 98ppb Au, 95ppb Au and 51ppb Au, proximal to a previously returned sample of 48ppb Au ( previously reported on 21[st] July 2022 “Infill Surface Sampling upgrades Spartan Anomaly” ). A new anomaly was also generated approximately ~2km to the east of Falcon, peaking at 76ppb Au ( Figure 5 ). This anomaly, known as the Hercules Prospect remains open to the north and will be the subject of an additional soil sampling campaign once E39/2334 has been granted.

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Figure 5: Infill surface sampling locations completed at the Falcon Prospect, with contoured gold image as background.

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Figure 6: The Edjudina Project with contoured gold in soil results.
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Table 1: Significant intersections (>0.1g/t Au) from drilling at the Spartan Prospect

HoleID Max Depth Easting Northing RL Dip Azimuth mFrom mTo Au(g/t) Cu(%)
SPAC001 78 476553 6717149 453.6 -60 269 77 78 0.22 -
SPAC002 78 476648 6717148 454.4 -60 270 - - NSA -
SPAC003 84 476750 6717149 455.7 -60 269 - - NSA -
SPAC004 83 476800 6717147 455.9 -60 270 - - NSA -
SPAC005 75 476852 6717153 455.9 -60 270 - - NSA -
SPAC006 81 476898 6717153 456.3 -60 268 - - NSA -
SPAC007 70 476951 6717151 456.3 -60 271 - - NSA -
SPAC008 69 477002 6717152 456.7 -60 268 - - NSA -
SPAC009 63 477047 6717151 457.0 -60 269 0 4 0.10 -
" " " " " " " 4 8 0.10 -
SPAC010 71 477095 6717151 457.4 -60 270 32 36 0.16 -
" " " " " " " 36 40 0.40 -
SPAC011 72 477150 6717151 457.9 -60 268 36 40 0.40 -
SPAC012 87 476645 6716958 453.0 -60 271 0 4 0.16 -
" " " " " " " 32 36 0.12 -
" " " " " " " 36 40 0.33 -
" " " " " " " 86 87 0.04 0.13
SPAC013 77 476699 6716950 453.1 -60 268 0 4 0.16 -
" " " " " " " 4 8 0.11 -
" " " " " " " 8 12 0.10 -
" " " " " " " 36 40 0.10 -
SPAC014 90 476748 6716948 453.4 -60 271 0 4 0.13 -
" " " " " " " 4 8 0.17 -
SPAC015 109 476798 6716951 453.9 -60 269 0 4 0.10 -
SPAC016 92 476849 6716952 454.4 -90 270 0 4 0.19 -
" " " " " " " 80 84 0.32 -
" " " " " " " 84 88 0.11 -
SPAC017 87 476898 6716952 454.7 -90 270 0 4 0.26 -
" " " " " " " 4 8 0.46 -
" " " " " " " 8 12 0.10 -
" " " " " " " 12 16 0.10 -
" " " " " " " 28 32 0.34 -
" " " " " " " 32 36 2.06 -
" " " " " " " 36 40 0.21 -
SPAC018 75 477004 6716954 455.4 -60 269 - - NSA -
SPAC019 71 477054 6716952 455.5 -60 270 0 4 0.16 -
" " " " " " " 4 8 0.10 -
" " " " " " " 12 16 0.11 -
" " " " " " " 36 40 0.12 -
SPAC020 67 477101 6716953 456.1 -60 271 0 4 0.10 -
" " " " " " " 32 36 0.14 -
SPAC021 66 477148 6716951 456.6 -60 269 - - NSA -
SPAC022 61 476345 6716752 448.9 -60 270 - - NSA -
SPAC023 52 476404 6716750 449.0 -60 269 0 4 0.10 -
SPAC024 53 476452 6716755 449.5 -60 269 - - NSA -
SPAC025 56 476505 6716747 450.0 -60 270 0 4 0.10 -
" " " " " " " 32 36 0.10 -
" " " " " " " 36 40 0.64 -
SPAC026 77 476551 6716748 450.4 -60 268 0 4 0.18 -
" " " " " " " 32 36 0.13 -
" " " " " " " 72 76 0.27 -
SPAC027 76 476601 6716744 450.9 -60 268 0 4 0.14 -
SPAC028 80 476654 6716760 451.5 -60 274 0 4 0.14 -
SPAC029 76 476703 6716750 451.9 -60 272 28 32 0.74 -
" " " " " " " 32 36 0.95 -
" " " " " " " 40 44 0.12 -
" " " " " " " 68 72 0.10 -
SPAC030 91 476753 6716748 452.2 -60 269 - - NSA -
SPAC031 96 476800 6716749 452.6 -60 270 - - NSA -
SPAC032 99 476858 6716755 453.0 -60 268 96 98 0.16 -
SPAC033 39 476303 6716549 447.3 -60 270 - - NSA -
SPAC034 48 476348 6716553 447.6 -60 272 0 4 0.11 -
" " " " " " " 28 32 0.12 -
SPAC035 58 476402 6716559 448.2 -60 267 - - NSA -
SPAC036 58 476452 6716553 448.7 -60 269 - - NSA -
SPAC037 75 476500 6716554 449.2 -60 270 - - NSA -

Competent Person’s Statement

The information in this announcement that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Mr Toby Wellman, a competent person who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Wellman has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”). Mr Wellman is the Executive Managing Director of DiscovEx Resources Limited and consents to the inclusion in this announcement of the Exploration Results in the form and context in which they appear.

The forward-looking statements in this announcement are based on the Company’s current expectations about future events. They are, however, subject to known and unknown risks, uncertainties and assumptions, many of which are outside the control of the Company and its Directors, which could cause actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by the forwardlooking statements in this announcement. Forward looking statements generally (but not always) include those containing words such as ‘anticipate’, ‘estimates’, ‘should’, ‘will’, ‘expects’, ‘plans’ or similar expressions.

Authorised for release by and investor enquiries to:

Mr Toby Wellman

Managing Director T: 08 9380 9440

JORC CODE 2012 EDITION TABLE 1

Section 1 Sampling Techniques and Data

Criteria JORC Code explanation JORC Code explanation Commentary
Sampling • Nature and quality of sampling (eg cut channels, Drilling sampling - A cyclone was provided by the
techniques random chips, or specific specialised industry standard contracted drilling company to ensure the reliability
measurement tools appropriate to the minerals under and accuracy of samples collected. In-house field
investigation, such as down hole gamma sondes, or personnel then collected the samples using a clean
handheld XRF instruments, etc). These examples scoop, achieving a weight between 2kg - 4kg.
• 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		 Drilling samples were collected by an in-house field
crew, with drilling operations performed by an
external contractor (Raglan Drilling).
measurement tools or systems used. Soil sampling – Samples were collected from a depth
• Aspects of the determination of mineralisation that between 5-30cm below surface and sieved in the field
are Material to the Public Report. to -0.5mm, achieving a sample weight between 100g -
• In cases where ‘industry standard’ work has been done
200g.
this would be relatively simple (eg ‘reverse circulation
drilling was used to obtain 1 m samples from which 3
kg was pulverised to produce a 30 g charge for 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 (eg submarine nodules) may
warrant disclosure of detailed information.
Drilling • Drill type (eg core, reverse circulation, open-hole Drilling sampling – AC drilling
techniques hammer, rotary air blast, auger, Bangka, sonic, etc)
and details (eg core diameter, triple or standard tube,
depth of diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by what
method, etc).		 Soil sampling – Completed by DCX field crew. Crews
are familiar with industry standard sampling as
detailed in their Company’s standard operating
procedures.
Drill sample • Method of recording and assessing core and chip Drilling sampling – Drilling intervals were assessed to
recovery sample recoveries and results assessed. determine the approximate recovery as a percent.
• Measures taken to maximise sample recovery and Recovery and condition of samples were recorded.
• ensure representative nature of the samples.
Whether a relationship exists between sample
recovery and grade and whether sample bias may		 The cyclone was also kept balanced to prevent
potential build up and contamination.
have occurred due to preferential loss/gain of No bias between sample recovery and grade has been
fine/coarse material. identified.
No drilling results reported within this announcement
Logging • Whether core and chip samples have been geologically
Drilling sampling – All drilling logged in detail.
and geotechnically logged to a level of detail to Qualitative: Lithology, alteration, mineralisation etc.
support appropriate Mineral Resource estimation,
mining studies and metallurgical studies.
• Whether logging isqualitative orquantitative in
Criteria
JORC Code explanation
Commentary
nature. Core (or costean, channel, etc) photography.
•
The total length and percentage of the relevant
intersections logged.
Soil sampling – Additional comments were added
summarising the type of soil sampled and the
lithology of nearby subcrop/outcrop.
.
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.
Drilling sampling – A cyclone was provided by the
contracted drilling company to ensure the reliability
and accuracy of samples collected. In-house field
personnel then collected the samples using a clean
scoop and placed into a calico. Duplicates were
inserted with a frequency of 1:50. Standards were
inserted with a frequency of 1:50. Samples were then
pulverised, collected and assayed at
Minanalytical/ALS. Composite samples were assayed
for gold using Aqua regia with an ICP-MS finish, except
for the last metre of every hole, which was assayed for
multi-elements, including gold.
The sample sizes are appropriate for the first pass
nature of the exploration.
Soil Sampling – sieved to -0.5mm in the field and sent
to the laboratory for further sieving down to -80mesh.
No further sample preparation was completed. No
standards or blanks were completed by DiscovEx with
all QAQC samples submitted by Minanalytical
including Standards inserted every 25th sample and
blanks inserted every 50th sample.
Field duplicates were taken every 100thsample; Lab
checks were completed every ~25-30 samples.
The sample sizes are appropriate for the first pass
nature of the exploration.
Quality of
assay data
and
laboratory
tests
•
The nature, quality and appropriateness of the
assaying and laboratory procedures used and whether
the technique is considered partial or total.
•
For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in determining
the analysis including instrument make and model,
reading times, calibrations factors applied and their
derivation, etc.
•
Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy (ie
lack of bias) and precision have been established.
Drilling sampling– submitted to Minanalytical/ALS
(Perth). Samples were assayed for gold using Aqua
regia with an ICP-MS finish, except for the last metre
of every hole, which was assayed for multi-elements,
including gold.
Aqua regia is considered a partial digest.
No geophysical tools were used to determine any
element concentrations used in the reported results.
Drilling sampling - Duplicates were inserted with a
frequency of 1:50. Standards were inserted with a
frequency of 1:50.
Soil sampling– submitted to Minanalytical (Perth).
Gold analysis was completed using 10g aqua regia
with an MS finish.
Aqua regia is considered a partial digest.
No geophysical tools were used to determine any
element concentrations used in the reported results.
Criteria
JORC Code explanation
Commentary
No standards or blanks were completed by DiscovEx
with all QAQC samples submitted by Minanalytical
including Standards inserted every 25th sample and
blanks inserted every 50th sample.
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.
No twinning of holes was completed
Data is recorded digitally at the project within standard
industry software with assay results received digitally
also.
All data is stored within a suitable database. No assay
adjustments have been made.
Soil sampling personnel movements are logged via
GPS and spot trackers, confirming locations of
sampling points. Sampling from drilling was
supervised by senior personnel to ensure samples
were collected from their corresponding interval.
Data is recorded digitally at the project within standard
industry software with assay results received digitally
also.
All data is stored within a suitable database. No assay
adjustments have been made.
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.
Sample and drill locations recorded with a handheld
Garmin GPS (+/- 3m). Sampling personnel movements
are logged via GPS and spot trackers, confirming
locations of sampling points.
Grid System – MGA94 zone 51
Drill holes – completed on 200 x 50 and 200 x 100m
spacing.
Soil samples - Collected on 100 x 200m grid pattern.
No information is available on the quality or adequacy
of topographic control.
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.
Drilling sampling – samples were collected as 4 m
composites, with intervals of interest sampled as 1 m
samples. Additionally, the end of holes were sampled
as 1 m intervals.
Soil samples - Sample spacing is insufficient to
establish geological or grade continuity.
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
Drilling Sampling – Drill holes were designed at 100 x
200 m spacing, with density increasing to 50 m x 200
m over areas of interest.
Soil sampling – Samples were collected on 100 x 400m
and 100 x 200m grid pattern, avoiding locations which
have already been sampled.
Criteria JORC Code explanation JORC Code explanation Commentary
should be assessed and reported if material.
Sample • The measures taken to ensure sample security. Drilling sampling – Samples were placed in bulka bags
security at ALS Kalgoorlie, delivered directly by DCX staff.
Soil sampling - Sample paper packets were stored in
boxes of 100 and delivered by sample crews directly to
the ALS Kalgoorlie lab.
Audits or • The results of any audits or reviews of sampling No audits or reviews of the sampling technique were
reviews techniques and data. completed.
Criteria
JORC Code explanation		 Criteria
JORC Code explanation
Section 2 – Reporting of Exploration Results
Mineral tenement and
land tenure status		 Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.		 Exploration activities were conducted within
tenements E39/1882 and E39/2178. DCX holds an 80%
interest in E39/1882 with the remaining 20% owned by
Gateway Projects WA Pty Ltd.
A 1.5% royalty on future production greater than 200,000
oz of gold or equivalent is also in place over E39/1882.
E39/2178 is owned 100% byDCX with no royalties.
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.		 All tenements are in good standing
Exploration done by
other parties		 Acknowledgment and appraisal of exploration
by other parties.		 Exploration has been undertaken by several companies
over time including but not limited to Dominion Mining,
Arimco Mining Limited and Delta Gold. This work was
largely
limited
to
surface
geochemistry,
surface
geophysics and shallow aircore and RAB drilling with only
minor deeper RC drillingbeingundertaken.
Geology Deposit type, geological setting and style of
mineralisation.		 Exploration is for shear hosted gold and komatiitic nickel
deposits typical of the Yilgarn Region of Western
Australian
Drill hole Information A summary of all information material to the
understanding of the exploration results
including a tabulation of the following
informationfor all Material drill holes:		 Refer to Table 1 within this Announcement.
Easting and northing of the drill hole collar Refer to Table 1 within this Announcement.
Elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole collar		 Refer to Table 1 within this Announcement.
Dip and azimuth of the hole Refer to Table 1 within this Announcement.
Down hole length and interception depth Refer to Table 1 within this Announcement.
Hole length. Refer to Table 1 within this Announcement.
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.		 No drilling results reported within this announcement
No alteration to the results were completed.
No drilling results reported within this announcement
No metal equivalents have been used within this
announcement
No relationship between widths and intercept lengths
have been made as all results are point samples
Mineralisation is poorly understood and no comments on
its nature can be made with confidence at this stage.
No drilling results reported within this announcement
Refer to figures 1 and 2 within this Announcement.
All results (both high and/or low) have been used when
included within this announcement.
No other exploration other than that mentioned above
has been used.
Additional soil sampling is proposed to extent the existing
anomalies.
Refer to figures 1,2, 3 & 4 within this Announcement.
Data aggregation
methods		 In reporting Exploration Results, weighting
averaging
techniques,
maximum
and/or
minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material
and should be stated.		 No alteration to the results were completed.
Where aggregate intercepts incorporate short
lengths of high grade results and longer lengths
of low grade results, the procedure used for
such aggregation should be stated and some
typical examples of such aggregations should
be shown in detail.		 No drilling results reported within this announcement
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.		 No metal equivalents have been used within this
announcement
Relationship between
mineralisation widths
and intercept lengths		 These relationships are particularly important in
the reporting of Exploration Results.		 No relationship between widths and intercept lengths
have been made as all results are point samples
If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.		 Mineralisation is poorly understood and no comments on
its nature can be made with confidence at this stage.
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (eg ‘down hole length,
_true width not known’). _		 No drilling results reported within this announcement
Diagrams Appropriate maps and sections (with scales)
and tabulations of intercepts should be included
for any significant discovery being reported.
These should include, but not be limited to a
plan view of drill hole collar locations and
appropriate sectional views.		 Refer to figures 1 and 2 within this Announcement.
Balanced reporting Where
comprehensive
reporting
of
all
Exploration
Results
is
not
practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.		 All results (both high and/or low) have been used when
included within this announcement.
Other substantive
exploration data		 Other exploration data, if meaningful and
material, should be reported including (but not
limited
to):
geological
observations;
geophysical survey results; geochemical survey
results; bulk samples – size and method of
treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics;
potential
deleterious
or
contaminating substances.		 No other exploration other than that mentioned above
has been used.
Further work The nature and scale of planned further work
(eg tests for lateral extensions or depth
extensions or large-scale step-out drilling).		 Additional soil sampling is proposed to extent the existing
anomalies.
Diagrams clearly highlighting the areas of
possible
extensions,
including
the
main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.		 Refer to figures 1,2, 3 & 4 within this Announcement.

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