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GOLDEN CROSS RESOURCES LTD Capital/Financing Update 2025

Jul 3, 2025

64971_rns_2025-07-03_ed3793ab-83e7-42a0-8ab1-82ab4d86559e.pdf

Capital/Financing Update

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GOLDEN CROSS RESOURCES LTD ABN 65 063 075 178

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401 / 781 Pacific Highway CHATSWOOD NSW 2760 Phone (02) 8379 5705

4 July 2025

ASX Market Announcements

COPPER HILL EL6391, NSW SURFACE GEOCHEMISTRY RESULTS

Results for 262 sites from the infill and extension surface soil sampling conducted over EL6391 during March and April 2025 have now been received. This soil sampling followed completion of a tenement wide gravity survey in February 2025.

Previous soil sampling surveys have selectively targeted prospective locations in the Copper Hill licence. In 2021-2023, extension and infill soil sampling, generally at 200m spacings, was undertaken to follow up previously sampled areas that had:-

  • Older analytical techniques;

  • Selected and limited elemental suite (eg. only copper, lead, zinc);

  • Varying and evolving sample collection techniques;

  • Gaps in coverage, or limited area of sampling (eg. due to access restrictions, agricultural activity, weather impacts etc);

  • Zones of elevated geochemistry not closed off; and

  • Data inconsistencies (isolated highs, end of line highs etc)

A review in 2024 revealed potential for improved definition of anomalies in a further seven sub-areas, supplementing the previous work in 2022-2023. (Areas 1 – 3) ( Figure 1, 2 and 3 ).

This time in 2025 gold and a suite of 36 elements were analysed by ALS Global laboratory using 50 gram fire assay for gold (Method AA-22 and AA26) and ICP (Method ICP41) for the elemental suite. A summary of results for potentially economic elements gold, silver and molybdenum, and relevant pathfinder elements are attached in Appendix 1 .

Soil geochemical values were generally low tenor, closing off open zones or reflecting potential deeper mineralisation; isolated highs of 2,060 ppm copper and 0.43 ppm gold were returned.

Further evaluation of the new results following integration with relevant previous results is planned, to expand the geochemical dataset, identify infill sampling where warranted, and to assist exploration targeting.

GCR ASX Announcement – Copper Hill Surface Geochemistry Sampling Completion Page 1 of 20

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Figure 1: Geochemistry: Infill & extension sample areas

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 2 of 20

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Figure 2: Geochemistry: Infill & Extension Areas - sample locations
[red, blue and purple dots = 2022-23 sampling]
[showing fundamental interpretation of lithostructural features]
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GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 3 of 20

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Figure 3: Geochemistry: Infill & Extension Areas – Soil Copper [copper is strongly elevated along the Copper Hill Mineral Trend, with an unexplained weak to moderate tenor zone at Larras Lee West ]

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 4 of 20

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Figure 4: Geochemistry: Infill & Extension Areas – Soil Gold
[gold is moderately elevated along the Copper Hill Mineral Corridor]
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GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 5 of 20

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Figure 5: Geochemistry: Infill & Extension Areas – Pathfinders: Soil Molybdenum [molybdenum is weakly elevated over parts of the Copper Hill porphyry, reflecting sporadic distribution in the mineralised zones. eg. western side]

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 6 of 20

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Figure 6: Geochemistry: Infill & Extension Areas – Pathfinders: Soil Arsenic [arsenic is weakly elevated in areas north of Copper Hill and in the vicinity of Shades Rd and Dash prospects, where skarn mineralisation has been observed]

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 7 of 20

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Figure 7: Geochemistry: Infill & Extension Areas – Pathfinders: Soil Zinc
[zinc is moderately elevated in peripheral zones of the Copper Hill porphyry, reflecing changed lithology (Fairbridge
Volcanics) and possible basemetal veins]
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GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 8 of 20

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Figure 8: Geochemistry: Molong South – Area 7. Gamboola Completed validation samples

Evaluation

A tabulated summary of results for potentially economic elements gold, silver and molybdenum, and relevant pathfinder elements is attached in Appendix 1 .

Soil geochemical values were generally low tenor, with copper, gold and molybdenum weakly to moderately elevated in some areas, closing off open zones or reflecting potential deeper mineralisation; isolated highs of 2060 ppm copper (Wattle Hill) and 0.43 ppm gold (Shades Road) were returned ( Figure 3 and 4 ).

Area 4: Roseleigh & Copper Hill East – 50 sites

The area east of Copper Hill that is suitable for future development infrastructure has had limited previous exploration. No significant soil geochemical zones were outlined to date.

Area 5. Wattle Hill Southeast – 48 sites

The Copper Hill Mineral Corridor is a 5 kilometre long alignment of copper-gold occurrences, where previous sampling outlines an open soil copper zone that extends south and east of Wattle Hill. But there have been no gold analyses, or trace element analyses of significant elements (eg. molybdenum) recorded. Extension sampling returned moderately elevated copper and gold values with a peak 2060 ppm copper ( Figure 3 ). that extends the Wattle Hill zone further to the southeast towards Vale Head.

Area 6. Dash North – 54 sites

Strong north-south unexplained arsenic (As) trend at the Dash Prospect (with associated high silver (Ag up to 36 ppm) in rock chips, and a malachite occurrence in outcrop). The stratigraphy correlates with a limestone formation, which hosts sporadic skarn mineralisation along strike to the south at Little Copper Hill, Gamboola, Reedy Creek and Printhie occurrences. New sampling extends the zone into Larras Lee area, west of the highway ( Figure 3 ) with moderately elevated copper, gold and molybdenum values over an area of ~ 1km x 1km that warrants infill of the current 400m spaced sampling at 100m spacing to verify the zone and potential for previously unrecognised subsurface mineralisation.

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 9 of 20

Area 7. Gamboola – 24 sites

Unusually elevated silver (Ag) zones up to 21 ppm silver south of Molong in previous soil sampling are unexplained. Further sampling ( Figure 8 ) was undertaken to assess the possibility of batch effects in the analyses. The previous values were not replicated and a review of similar batches in that area will be undertaken.

Area 8. Shades North – 43 sites

Previous close spaced sampling outlined a moderate copper anomaly which yielded elevated results in shallow drilling, interpreted to represent indications of deeper source mineralisation which remains a target for future drilling. Current sites were selected to close off the sampling pattern and infill gaps. Results continued to return weak to moderate copper values, with a 0.43ppm point high for gold ( Figure 4 ). Moderately elevated zinc values ( Figure 7 ). are interpreted to reflect changed subsurface lithology within the Fairbridge Volcanics unit, and the possibility of low temperature basemetal veins..

Area 9. Larras Lee South – 17 sites

Sites were selected to fill in gaps in previous coverage between Larras Lee and Shades Road, and where weakly elevated soil copper values were recorded in previous sampling. Current sampling retuned similar results with no significant zone detected.

Area 10. Larras Lee– 26 sites

A low level copper (Cu) zone at Larras Lee is open to south [also has a single point 800 ppb (0.8 ppm) gold result at Larras North in previous 400m wide spaced soil sampling. At the Larras Lee prospect, weakly elevated copper and pathfinder arsenic geochemistry is associated with moderately elevated copper values in previous drilling. Limited current sampling did not enhance the zones.

Evaluation of the 2025 gravity survey completed by GCR, concluded that the Larras Lee area warranted further work, either gravity infill or IP surveying.

Next Steps

Further evaluation of the spatial distribution of new results following integration with relevant previous results is planned, to update geochemical dataset images, identify infill sampling where warranted, and to assist exploration targeting.

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 10 of 20

About Copper Hill Project

Copper Hill is within the same Ordovician-age Macquarie Arc volcanic belt (the Molong Volcanic Belt – “MVB”) that hosts Cadia-Ridgeway and other significant gold-copper deposits in the Central West Region of NSW ( Figure 9 ).

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Figure 9: Copper-gold deposits of the Macquarie Arc

Copper Hill is approximately 50 kilometres north of Cadia on the northern edge of a structural corridor formed by the interpreted west-northwest (WNW) trending Lachlan Transverse Zone (LTZ). Cadia is one of Australia’s larger producing gold mines and was a significant component of the resource portfolio that led to acquisition of Newcrest Mining Ltd by Newmont in late 2023.

The Boda Prospect and the Kaiser Prospect of Alkane Exploration Limited (ASX:ALK) also in the Molong Volcanic Belt are approximately 60 kilometres north of Copper Hill,

In September 2022, GCR announced an updated Mineral Resource Estimate (“MRE”). (see GCR ASX Announcement of 6 September 2022: Substantial Increase Mineral Resource Estimate – Copper Hill)

Table 1: 2022 MRE by Classification

(above either 0.2% Cu or 0.2g/t Au Cut-off Grades, within 2022 Pit Shell)

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GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 11 of 20

References to Previous ASX Releases

5 January 2022: Copper Hill Tenement: Planned Geochemistry Surface Sampling Completed 13 July 2022: Copper Hill: Geochemistry Surface Sampling Update

6 September 2022: Substantial Increase Mineral Estimate – Copper Hill

3 June 2023: Copper Hill: Geochemistry Surface Sampling Update

18 February 2025: Copper Hill Gravity Surveys Completed

26 February 2025: Copper Hill: Surface Geochemistry Activities

19 March 2025: Copper Hill Tenement Gravity Survey Interpretation

20 March 2025 Copper Hill: Surface Geochemistry Progress 17 April 2025: Quarterly Activities/Appendix 5B Cash Flow Report 28 April 2025 Copper Hill EL6391,NSW. Surface Geochemistry Completion

Details from the MRE report were released in a GCR ASX announcement on 6 September 2022. GCR confirms that it is not aware of any new information or data that materially affects the information included in that ASX announcement. GCR confirms that all material assumptions and technical parameters underpinning the MRE in that ASX announcement continue to apply and have not materially changed. The MRE report is based on work compiled by Mr Arnold van der Heyden, a Member and Chartered Professional (Geology) of the Australasian Institute of Mining & Metallurgy (AusIMM) and a director of H&S Consultants Pty Ltd (HSC). GCR confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original ASX announcements.

Competent Person Statement

The information in this report that relates to Exploration Results is based on information from previous reports, compiled by Mr Bret Ferris, who is a Member of the Australasian Institute of Geoscientists. (AIG). Mr Ferris is a geological consultant to Golden Cross Resources Ltd, and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity 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”. Mr Ferris consents to the inclusion in this report of the matters based on that information in the form and context in which it appears.

Forward-Looking Statement

This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning planned exploration program and other statements that are not historical facts. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements. Although Golden Cross Resources Ltd believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

Authorised for release by Jordan Li Executive Chairman .

Contact for enquiries: Jordan Li Executive Chairman

Telephone: 61 2 8379 5705 Email: [email protected]

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 12 of 20

Appendix 1: Copper Hill Soils: Tabulation of Key Elements

ME-ICP41 ME-ICP41 Au-AA26
Au-AA22
ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41
Area Site
#
Locality Easting
MGA
Northing
MGA
Sample
Number
Cu Au Mo Ag Pb Zn As
ppm ppb ppm ppm ppm ppm ppm
4 233 Roseleigh 677000 6341500 A37897 33 -10 <1 <0.2 14 37 10
4 232 Roseleigh 676800 6341500 A37898 33 10 <1 <0.2 12 41 4
4 231 Roseleigh 676600 6341500 A37899 29 -10 1 <0.2 14 30 5
4 230 Roseleigh 676400 6341500 A37900 21 -10 1 <0.2 13 24 4
4 229 Roseleigh 676200 6341500 A37901 27 -10 1 <0.2 14 26 3
4 228 Roseleigh 676000 6341500 A37902 36 -10 <1 <0.2 17 32 4
4 227 Roseleigh 675800 6341500 A37903 47 -10 <1 <0.2 16 43 5
4 234 Roseleigh 675800 6341300 A37904 49 10 <1 <0.2 18 87 6
4 235 Roseleigh 676000 6341300 A37905 41 -10 1 <0.2 15 53 5
4 236 Roseleigh 676200 6341300 A37906 27 -10 <1 <0.2 14 29 5
4 237 Roseleigh 676400 6341300 A37907 49 -10 <1 <0.2 16 36 7
4 238 Roseleigh 676600 6341300 A37908 23 -10 <1 <0.2 12 25 3
4 239 Roseleigh 676800 6341300 A37909 37 -10 1 <0.2 15 55 10
4 240 Roseleigh 677000 6341300 A37910 46 10 1 <0.2 14 47 26
4 218 Roseleigh 675400 6342100 A37911 133 10 1 <0.2 26 82 6
4 219 Roseleigh 675600 6342100 A37912 77 -10 <1 <0.2 9 128 5
4 220 Roseleigh 675800 6342100 A37913 61 -10 <1 <0.2 15 68 6
4 223 Roseleigh 675800 6341900 A37914 55 -10 <1 <0.2 14 70 3
4 226 Roseleigh 675800 6341700 A37915 65 -10 1 <0.2 10 102 3
4 225 Roseleigh 675600 6341700 A37916 36 -10 <1 <0.2 15 40 4
4 224 Roseleigh 675400 6341700 A37917 68 10 <1 <0.2 18 76 10
4 221 Roseleigh 675400 6341900 A37918 54 -10 <1 <0.2 16 60 4
4 222 Roseleigh 675600 6341900 A37919 44 10 1 <0.2 17 40 5
4 215 Roseleigh 675400 6342300 A37920 99 -10 <1 <0.2 15 101 7
4 216 Roseleigh 675600 6342300 A37921 67 -10 1 <0.2 32 77 8
4 217 Roseleigh 675800 6342300 A37922 128 10 <1 <0.2 12 94 4
4 247 CH East 677000 6341100 A37923 33 -10 1 <0.2 14 52 8
4 246 CH East 676800 6341100 A37924 39 -10 <1 <0.2 13 39 10
4 245 CH East 676600 6341100 A37925 30 -10 1 <0.2 15 27 5
4 244 CH East 676400 6341100 A37926 35 -10 <1 <0.2 14 39 6
4 243 CH East 676200 6341100 A37927 38 -10 <1 <0.2 8 63 3
4 250 CH East 676200 6340900 A37928 42 -10 <1 <0.2 11 46 5
4 251 CH East 676400 6340900 A37929 38 -10 <1 <0.2 9 40 6
4 252 CH East 676600 6340900 A37930 32 -10 1 <0.2 13 40 16
4 253 CH East 676800 6340900 A37931 63 -10 <1 <0.2 8 65 20
4 254 CH East 677000 6340900 A37932 43 -10 <1 <0.2 9 34 9
4 261 CH East 677000 6340700 A37933 42 -10 <1 <0.2 13 31 7
4 260 CH East 676800 6340700 A37934 93 30 <1 <0.2 16 26 15
4 259 CH East 676600 6340700 A37935 98 20 <1 <0.2 7 33 40
4 258 CH East 676400 6340700 A37936 44 -10 1 <0.2 14 32 15
4 257 CH East 676200 6340700 A37937 46 -10 <1 <0.2 6 108 7
4 256 CH East 676000 6340700 A37938 114 50 <1 <0.2 13 233 16
4 255 CH East 675800 6340700 A37939 42 -10 <1 <0.2 12 105 3
4 160 Wattle Hill 675800 6340500 A37940 85 10 <1 <0.2 7 94 8
4 161 Wattle Hill 676000 6340500 A37941 124 10 <1 <0.2 10 79 5
4 162 Wattle Hill 676200 6340500 A37942 50 10 1 <0.2 19 47 7
4 163 Wattle Hill 676400 6340500 A37943 85 10 <1 <0.2 10 130 7
4 164 Wattle Hill 676600 6340500 A37944 58 10 <1 <0.2 15 30 4
4 165 Wattle Hill 676800 6340500 A37945 53 10 <1 <0.2 11 30 9
4 166 Wattle Hill 677000 6340500 A37946 57 -10 <1 <0.2 7 39 4

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 13 of 20

ME-ICP41 ME-ICP41 Au-AA26
Au-AA22
ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41
Area Site
#
Locality Easting
MGA
Northing
MGA
Sample
Number
Cu Au Mo Ag Pb Zn As
ppm ppb ppm ppm ppm ppm ppm
5 167 Wattle Hill 674000 6340300 A37947 16 -10 <1 <0.2 8 16 -2
5 168 Wattle Hill 674200 6340300 A37948 72 10 <1 <0.2 10 61 4
5 169 Wattle Hill 674400 6340300 A37949 42 50 <1 <0.2 11 41 5
5 170 Wattle Hill 674600 6340300 A37950 90 10 1 <0.2 15 96 7
5 171 Wattle Hill 674800 6340300 A37951 136 30 7 0.2 42 52 21
5 172 Wattle Hill 675000 6340300 A37952 313 40 10 <0.2 38 66 19
5 173 Wattle Hill 675200 6340300 A37953 257 50 13 0.2 65 69 27
5 174 Wattle Hill 675400 6340300 A37954 143 100 3 0.4 45 16 9
5 190 Wattle Hill 675400 6340100 A37955 64 90 3 0.2 22 38 6
5 189 Wattle Hill 675200 6340100 A37956 153 300 7 0.4 121 26 18
5 188 Wattle Hill 675000 6340100 A37957 73 80 3 0.3 143 58 12
5 187 Wattle Hill 674800 6340100 A37958 2060 110 7 1.3 28 226 18
5 186 Wattle Hill 674600 6340100 A37959 52 10 <1 <0.2 6 73 12
5 185 Wattle Hill 674400 6340100 A37960 42 10 <1 <0.2 6 77 2
5 184 Wattle Hill 674200 6340100 A37961 69 20 3 <0.2 19 130 7
5 183 Wattle Hill 674000 6340100 A37962 37 20 1 <0.2 19 24 5
5 199 Wattle Hill 674000 6339900 A37963 29 -10 <1 <0.2 12 21 5
5 200 Wattle Hill 674200 6339900 A37964 44 10 1 <0.2 15 48 3
5 201 Wattle Hill 674400 6339900 A37965 31 -10 <1 <0.2 10 34 3
5 202 Wattle Hill 674600 6339900 A37966 33 10 1 <0.2 11 26 5
5 203 Wattle Hill 674800 6339900 A37967 30 -10 <1 <0.2 8 34 2
5 204 Wattle Hill 675000 6339900 A37968 37 10 1 <0.2 10 31 6
5 205 Wattle Hill 675200 6339900 A37969 60 10 1 <0.2 16 63 6
5 206 Wattle Hill 675400 6339900 A37970 66 20 1 <0.2 15 58 6
5 207 Wattle Hill 675600 6339900 A37971 276 80 1 <0.2 44 148 9
5 208 Wattle Hill 675800 6339900 A37972 81 20 1 <0.2 29 134 7
5 209 Wattle Hill 676000 6339900 A37973 89 20 <1 <0.2 38 134 11
5 210 Wattle Hill 676200 6339900 A37974 61 10 <1 <0.2 9 89 6
5 211 Wattle Hill 676400 6339900 A37975 339 80 4 0.2 28 338 43
5 212 Wattle Hill 676600 6339900 A37976 74 10 1 <0.2 15 108 12
5 213 Wattle Hill 676800 6339900 A37977 59 10 <1 <0.2 11 61 6
5 214 Wattle Hill 677000 6339900 A37978 41 10 <1 <0.2 10 33 2
5 198 Wattle Hill 677000 6340100 A37979 59 20 <1 <0.2 8 35 4
5 197 Wattle Hill 676800 6340100 A37980 91 30 <1 <0.2 5 32 5
5 196 Wattle Hill 676600 6340100 A37981 98 20 <1 <0.2 5 70 5
5 195 Wattle Hill 676400 6340100 A37982 37 40 <1 <0.2 12 28 4
5 194 Wattle Hill 676200 6340100 A37983 33 10 <1 <0.2 12 26 4
5 193 Wattle Hill 676000 6340100 A37984 29 -10 <1 <0.2 12 27 3
5 192 Wattle Hill 675800 6340100 A37985 42 10 <1 <0.2 14 40 4
5 191 Wattle Hill 675600 6340100 A37986 43 -10 <1 <0.2 15 112 9
5 175 Wattle Hill 675600 6340300 A37987 42 10 <1 <0.2 15 108 10
5 176 Wattle Hill 675800 6340300 A37988 60 10 <1 <0.2 11 165 10
5 177 Wattle Hill 676000 6340300 A37989 70 10 <1 <0.2 4 108 9
5 178 Wattle Hill 676200 6340300 A37990 122 20 <1 <0.2 20 451 23
5 179 Wattle Hill 676400 6340300 A37991 42 10 <1 <0.2 10 32 4
5 180 Wattle Hill 676600 6340300 A37992 32 -10 <1 <0.2 11 27 2
5 181 Wattle Hill 676800 6340300 A37993 51 10 <1 <0.2 14 34 3
5 182 Wattle Hill 677000 6340300 A37994 85 10 <1 <0.2 7 46 6

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 14 of 20

ME-ICP41 ME-ICP41 Au<AA26
Au<AA22
ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41
Area Site
#
Locality Easting
MGA
Northing
MGA
Sample
Number
Cu Au Mo Ag Pb Zn As
ppm ppb ppm ppm ppm ppm ppm
6 339 Dash North 673900 6344400 A37995 82 4 1 <0.2 13 68 9
6 338 Dash North 673700 6344400 A37996 14 2 1 <0.2 10 28 7
6 336 Dash North 673700 6344600 A37997 25 2 1 <0.2 12 87 41
6 337 Dash North 673900 6344600 A37998 28 4 1 <0.2 15 32 8
6 335 Dash North 674000 6344800 A37999 30 3 1 <0.2 11 46 19
6 334 Dash North 673800 6344800 A38000 49 8 1 0.2 13 63 47
6 333 Dash North 673600 6344800 A38001 64 56 1 <0.2 13 59 58
6 332 Dash North 673400 6344800 A38002 16 <2 1 <0.2 7 34 3
6 331 Dash North 673200 6344800 A38003 15 <2 1 <0.2 8 34 3
6 330 Dash North 673000 6344800 A38004 9 <2 1 <0.2 11 15 2
6 324 Dash North 673000 6345000 A38005 12 3 -1 <0.2 10 22 3
6 325 Dash North 673200 6345000 A38006 10 <2 1 <0.2 8 17 2
6 326 Dash North 673400 6345000 A38007 19 <2 1 <0.2 10 30 5
6 327 Dash North 673600 6345000 A38008 50 9 1 <0.2 19 61 61
6 328 Dash North 673800 6345000 A38009 29 5 1 <0.2 11 41 31
6 329 Dash North 674000 6345000 A38010 25 6 1 <0.2 12 34 25
6 323 Dash North 674000 6345200 A38011 28 2 1 <0.2 14 40 12
6 322 Dash North 673800 6345200 A38012 25 2 1 <0.2 10 43 18
6 321 Dash North 673600 6345200 A38013 20 <2 1 <0.2 12 28 8
6 320 Dash North 673400 6345200 A38014 19 <2 1 <0.2 8 28 2
6 319 Dash North 673200 6345200 A38015 15 <2 1 <0.2 8 20 2
6 318 Dash North 673000 6345200 A38016 29 <2 1 <0.2 9 43 5
6 312 Dash North 673000 6345400 A38017 34 <2 1 <0.2 10 26 4
6 313 Dash North 673200 6345400 A38018 29 5 1 <0.2 12 27 4
6 314 Dash North 673400 6345400 A38019 79 2 1 <0.2 8 51 6
6 315 Dash North 673600 6345400 A38020 42 <2 -1 <0.2 10 51 2
6 316 Dash North 673800 6345400 A38021 182 <2 -1 <0.2 6 87 24
6 310 Dash North 673800 6345600 A38022 58 3 1 <0.2 9 79 5
6 309 Dash North 673600 6345600 A38023 106 5 -1 <0.2 12 143 6
6 308 Dash North 673400 6345600 A38024 67 <2 -1 <0.2 7 66 3
6 307 Dash North 673200 6345600 A38025 8 <2 1 <0.2 8 17 2
6 306 Dash North 673000 6345600 A38026 10 <2 1 <0.2 14 27 4
6 300 Dash North 673000 6345800 A38027 10 <2 1 <0.2 10 33 2
6 301 Dash North 673200 6345800 A38028 11 <2 1 <0.2 10 38 3
6 302 Dash North 673400 6345800 A38029 152 3 1 <0.2 7 71 8
6 303 Dash North 673600 6345800 A38030 122 7 -1 <0.2 8 105 6
6 304 Dash North 673800 6345800 A38031 64 2 1 <0.2 11 47 6
6 2304 Larras lee 673000 6346000 A38032 10 <2 1 <0.2 12 28 3
6 2305 Larras lee 673400 6346000 A38033 55 2 1 <0.2 10 87 6
6 2306 Larras lee 673800 6346000 A38034 83 3 1 <0.2 5 80 8
6 2307 Larras lee 674200 6346000 A38035 67 6 1 <0.2 6 101 8
6 71 Larras Lee 674200 6346400 A38036 37 2 1 <0.2 18 56 16
6 70 Larras Lee 673800 6346400 A38037 57 8 -1 <0.2 10 35 7
6 69 Larras Lee(West) 673400 6346400 A38038 181 55 9 <0.2 18 66 7
6 68 Larras Lee(West) 673000 6346400 A38039 209 47 11 <0.2 21 102 8
6 61 Larras Lee(West) 673000 6346800 A38040 204 148 10 <0.2 20 68 7
6 62 Larras Lee(West) 673400 6346800 A38041 133 46 9 0.3 29 45 11
6 63 Larras Lee(West) 673800 6346800 A38042 231 70 9 0.3 30 66 12
6 64 Larras Lee(West) 674200 6346800 A38043 190 69 10 0.2 23 81 6
6 51 Larras Lee(West) 673800 6347200 A38044 194 41 7 0.2 23 81 5
6 50 Larras Lee(West) 673400 6347200 A38045 257 51 8 <0.2 63 83 8
6 49 Larras Lee(West) 673000 6347200 A38046 246 74 10 0.2 26 121 9
6 38 Larras Lee 673400 6347600 A38047 47 3 1 <0.2 10 42 10
6 37 Larras Lee 673000 6347600 A38048 20 2 1 <0.2 10 32 3

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 15 of 20

ME-ICP41 ME-ICP41 Au<AA26
Au<AA22
ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41
Area Site
#
Locality Easting
MGA
Northing
MGA
Sample
Number
Cu Au Mo Ag Pb Zn As
ppm ppb ppm ppm ppm ppm ppm
7 619 Gamboola 674400 6334700 A38049 53 10 1 <0.2 11 45 41
7 620 Gamboola 674600 6334700 A38050 72 <10 3 <0.2 12 68 28
7 621 Gamboola 674800 6334700 A38051 52 20 1 <0.2 11 81 25
7 622 Gamboola 675000 6334700 A38052 41 20 2 <0.2 14 89 59
7 623 Gamboola 675200 6334700 A38053 44 20 1 <0.2 9 58 37
7 618 Gamboola 675200 6334900 A38054 53 20 1 <0.2 12 62 21
7 617 Gamboola 675000 6334900 A38055 48 <10 1 <0.2 9 123 15
7 616 Gamboola 674800 6334900 A38056 40 <10 1 <0.2 31 68 10
7 615 Gamboola 674600 6334900 A38057 58 <10 1 <0.2 12 54 19
7 614 Gamboola 674400 6334900 A38058 34 <10 1 <0.2 12 37 17
7 610 Gamboola 674600 6335100 A38059 50 <10 3 <0.2 10 72 38
7 611 Gamboola 674800 6335100 A38060 46 <10 1 <0.2 7 60 12
7 612 Gamboola 675000 6335100 A38061 38 10 1 <0.2 19 56 19
7 613 Gamboola 675200 6335100 A38062 61 <10 1 <0.2 15 75 21
7 609 Gamboola 675200 6335300 A38063 95 20 1 <0.2 11 77 5
7 608 Gamboola 675000 6335300 A38064 50 10 1 <0.2 12 63 13
7 607 Gamboola 674800 6335300 A38065 34 <10 1 <0.2 9 53 6
7 606 Gamboola 674600 6335300 A38066 39 <10 1 <0.2 11 44 13
7 603 Gamboola 674600 6335500 A38067 44 10 2 <0.2 10 57 10
7 604 Gamboola 674800 6335500 A38068 37 <10 1 <0.2 11 67 15
7 605 Gamboola 675000 6335500 A38069 50 <10 2 <0.2 9 86 20
7 602 Gamboola 675000 6335700 A38070 44 10 1 <0.2 34 62 22
7 601 Gamboola 674800 6335700 A38071 38 10 2 <0.2 15 66 30
7 600 Gamboola 674600 6335700 A38072 93 <10 2 <0.2 10 81 14
8 74 Shades Rd 673800 6342300 A38073 106 17 1 0.2 36 287 20
8 75 ShadesRd 674000 6342300 A38074 87 20 1 <0.2 23 157 13
8 76 Shades Rd 674200 6342300 A38075 75 11 1 <0.2 46 232 19
8 77 ShadesRd 674400 6342300 A38076 47 5 1 <0.2 17 129 10
8 408 Shades 674600 6342400 A38077 168 430 1 <0.2 14 121 24
8 407 Shades 674500 6342400 A38078 145 26 1 <0.2 17 143 10
8 406 Shades 674400 6342400 A38079 78 13 1 <0.2 13 174 12
8 405 Shades 674300 6342400 A38080 64 17 1 <0.2 41 192 21
8 404 Shades 674200 6342400 A38081 83 11 1 <0.2 57 304 11
8 403 Shades 674100 6342400 A38082 85 9 1 <0.2 44 261 11
8 402 Shades 674000 6342400 A38083 54 14 1 0.2 29 146 12
8 401 Shades 673900 6342400 A38084 83 160 <1 <0.2 24 227 10
8 400 Shades 673800 6342400 A38085 80 82 1 0.4 111 786 75
8 420 Shades 674600 6342600 A38086 134 3 1 <0.2 11 102 9
8 409 Shades 674400 6342500 A38087 175 5 1 <0.2 53 156 14
8 410 Shades 674500 6342500 A38088 84 16 1 <0.2 26 110 11
8 411 Shades 674600 6342500 A38089 107 17 1 <0.2 115 292 17
8 412 Shades 674700 6342500 A38090 95 3 1 <0.2 25 155 11
8 413 Shades 674800 6342500 A38091 120 4 1 <0.2 10 79 17
8 414 Shades 674900 6342500 A38092 100 9 1 <0.2 25 111 17
8 415 Shades 675000 6342500 A38093 72 4 2 <0.2 20 91 13
8 416 Shades 675200 6342500 A38094 100 2 1 <0.2 16 124 9
8 417 Shades 675400 6342500 A38095 65 2 1 <0.2 14 82 7
8 418 Shades 675600 6342500 A38096 62 2 1 <0.2 16 73 4
8 419 Shades 675800 6342500 A38097 45 3 1 <0.2 15 52 5
8 421 Shades 674700 6342600 A38098 138 15 1 <0.2 36 227 12
8 422 Shades 674800 6342600 A38099 122 22 1 <0.2 14 105 17
8 423 Shades 674900 6342600 A38100 120 5 1 <0.2 37 143 32
8 424 Shades 675000 6342600 A38101 84 6 1 <0.2 17 119 13
8 425 Shades 674800 6342700 A38102 135 9 1 <0.2 15 132 32

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 16 of 20

ME-ICP41 ME-ICP41 Au-AA26
Au-AA22
ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41
Area Site
#
Locality Easting
MGA
Northing
MGA
Sample
Number
Cu Au Mo Ag Pb Zn As
ppm ppb ppm ppm ppm ppm ppm
8 426 Shades 674900 6342700 A38103 64 5 1 <0.2 8 72 6
8 427 Shades 675000 6342700 A38104 139 11 <1 <0.2 16 161 10
8 428 Shades 675200 6342700 A38105 137 13 1 <0.2 7 91 23
8 429 Shades 675400 6342700 A38106 124 5 1 <0.2 9 77 24
8 430 Shades 675600 6342700 A38107 117 7 1 <0.2 15 109 26
8 431 Shades 675800 6342700 A38108 135 12 1 <0.2 9 83 10
8 437 Shades 675800 6342900 A38109 120 5 1 <0.2 8 68 7
8 436 Shades 675600 6342900 A38110 106 3 1 <0.2 6 69 6
8 435 Shades 675400 6342900 A38111 129 4 1 <0.2 7 78 3
8 434 Shades 675200 6342900 A38112 136 7 1 <0.2 15 101 21
8 433 Shades 675000 6342900 A38113 101 8 1 <0.2 10 70 10
8 432 Shades 675600 6342800 A38114 93 7 1 <0.2 5 53 10
8 438 Shades 675000 6343000 A38115 127 4 <1 <0.2 8 78 5
9 439 Larras South 675800 6343000 A38116 132 8 <1 <0.2 12 81 16
9 440 Larras South 675800 6343400 A38117 92 5 1 <0.2 11 159 8
9 441 Larras South 675200 6343800 A38118 131 5 <1 <0.2 9 89 7
9 442 Larras South 675400 6343800 A38119 99 4 <1 <0.2 8 63 7
9 443 Larras South 675600 6343800 A38120 86 5 <1 <0.2 8 128 4
9 444 Larras South 675800 6343800 A38121 75 3 1 <0.2 10 51 7
9 445 Larras South 675800 6344200 A38122 52 2 <1 <0.2 11 45 5
9 446 Larras South 675800 6344600 A38123 82 4 <1 <0.2 8 74 8
9 447 Larras South 675100 6345000 A38124 87 3 <1 <0.2 8 81 11
9 450 Larras South 675100 6345400 A38125 92 4 <1 <0.2 8 274 8
9 449 Larras South 674900 6345400 A38126 93 4 <1 <0.2 9 60 5
9 448 Larras South 674700 6345400 A38127 113 3 <1 <0.2 6 87 6
9 451 Larras South 674800 6345600 A38128 67 2 <1 <0.2 5 77 4
9 452 Larras South 675000 6345600 A38129 56 2 <1 <0.2 6 76 4
9 453 Larras South 675200 6345600 A38130 51 2 <1 <0.2 5 53 4
9 454 Larras South 675400 6345600 A38131 143 9 <1 <0.2 7 82 5
9 455 Larras South 675800 6345600 A38132 79 7 <1 <0.2 5 51 5
10 471 Larras Lee 675200 6346000 A38133 89 8 <1 <0.2 4 47 6
10 470 Larras Lee 674800 6346000 A38134 50 5 <1 <0.2 5 49 7
10 465 Larras Lee 674600 6346200 A38135 112 9 <1 <0.2 5 41 6
10 466 Larras Lee 674800 6346200 A38136 93 9 <1 <0.2 5 44 5
10 467 Larras Lee 675000 6346200 A38137 85 14 <1 <0.2 27 55 6
10 468 Larras Lee 675200 6346200 A38138 82 21 1 <0.2 4 61 7
10 469 Larras Lee 675400 6346200 A38139 77 14 <1 <0.2 5 52 3
10 464 Larras Lee 675200 6346400 A38140 121 15 <1 <0.2 4 73 4
10 463 Larras Lee 674800 6346400 A38141 92 17 <1 <0.2 5 56 6
10 458 Larras Lee 674600 6346600 A38142 81 10 <1 <0.2 4 59 4
10 459 Larras Lee 674800 6346600 A38143 79 24 <1 <0.2 5 51 6
10 460 Larras Lee 675000 6346600 A38144 75 17 <1 <0.2 5 70 4
10 461 Larras Lee 675200 6346600 A38145 63 4 <1 <0.2 5 84 6
10 462 Larras Lee 675400 6346600 A38146 69 10 <1 <0.2 4 51 5
10 457 Larras Lee 675200 6346800 A38147 115 7 <1 <0.2 4 57 7
10 456 Larras Lee 674800 6346800 A38148 89 23 <1 <0.2 5 44 4
10 472 Larras Lee Nth
675400
6348600 A38149 62 3 1 <0.2 7 63 7
10 473 Larras Lee Nth
675600
6348600 A38150 42 6 1 <0.2 11 38 5
10 474 Larras Lee Nth
675800
6348600 A38151 61 6 <1 <0.2 8 79 6
10 475 Larras Lee Nth
676000
6348600 A38152 109 4 <1 <0.2 7 45 5
10 476 Larras Lee Nth
675600
6348400 A38153 36 3 1 <0.2 14 44 8
10 477 Larras Lee Nth
676000
6348400 A38154 136 3 <1 <0.2 6 61 6
10 478 LarrasLeeNth
675400
6348200 A38155 20 3 <1 <0.2 12 26 4
10 479 Larras Lee Nth
675600
6348200 A38156 58 5 1 <0.2 24 176 14
10 480 LarrasLeeNth
675800
6348200 A38157 48 3 <1 <0.2 12 72 5
10 481 Larras Lee Nth
676000
6348200 A38158 68 <2 <1 <0.2 8 67 6

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 17 of 20

Appendix 2: JORC Compliance Statement

Surface Geochemical Sampling: Soil

Sections 1 and 2 of Table 1, JORC Code, 2012 Edition

Section 1: Sampling Techniques and Data

Criteria JORC Code explanation
Commentary
JORC Code explanation
Commentary
JORC Code explanation
Commentary
JORC Code explanation
Commentary
Sampling
techniques
Nature and quality of sampling (eg cut channels, random chips, or
specific specialised industry standard measurement tools
appropriate to the minerals under investigation, such as down hole
Samples were collected from skeletal soils at a depth
of approximately 25cm using shovel & mattock and
sieved in the field to -2mm, producing a sample of
gamma sondes, or handheld XRF instruments, etc). These examples ~100-200grams in kraft paper packets for lab
should not be taken as limiting the broad meaning of sampling. submission. Site characteristics were noted in field
Include reference to measures taken to ensure sample representivity sample books
and the appropriate calibration of any measurement tools or
systems used.
Drilling
techniques
Drill type (eg core, reverse circulation, open-hole hammer, rotary air
blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-sampling bit or other
N/A
_type, whether core is oriented and if so, by what method, etc). _
Drill sample
Method of recording and assessing core and chip sample recoveries
and results assessed.
N/A
recovery Measures taken to maximise sample recovery and ensure
representative nature of the samples.
Whether a relationship exists between sample recovery and grade
and whether sample bias may have occurred due to preferential
loss/gain of fine/coarse material.
Logging Whether core and chip samples have been geologically and
geotechnically logged to a level of detail to support appropriate
Sample site characteristics and soil properties are
noted in field sample books.
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.
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
N/A
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.
Quality of
assay data
and
The nature, quality and appropriateness of the assaying and
laboratory procedures used and whether the technique is
considered partial or total.
Sample preparation was maintained to match previous
procedures - Assays undertaken after pulverising whole
sample to >90% passing 75 microns.
laboratory
tests
Aqua Regia digest and analysis by ALS method ME-
ICP41 (33 elements, low detection levels). Gold assays
by 50g Fire Assay, ALS method Au-AA26. Analyses
greater than 1% by method OG62
No instrumental analyses undertaken.
For geophysical tools, spectrometers, handheld XRF instruments,
etc, the parameters used in determining the analysis including All samples analysed by Australian Laboratory Services.
instrument make and model, reading times, calibrations factors Preparation at the Brisbane laboratory and analysis at
applied and their derivation, etc. Orange. Standard internal checks, matching checks
Nature of quality control procedures adopted (eg standards, with other ALS labs and annual ‘round robin’
blanks, duplicates, external laboratory checks) and whether comparisons with competitor labs.
acceptable levels of accuracy (ie lack of bias) and precision have Acceptable levels of accuracy and precision have been
been established. established
Verification
of sampling
and


The verification of significant intersections by either independent
or alternative company personnel.
The use of twinned holes.
N/A for soils samples
assaying Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 18 of 20

Criteria JORC Code explanation
Commentary
JORC Code explanation
Commentary
JORC Code explanation
Commentary
JORC Code explanation
Commentary
Discuss any adjustment to assay data.
Location of
data points
Accuracy and quality of surveys used to locate drill holes (collar
and down-hole surveys), trenches, mine workings and other
locations used in Mineral Resource estimation.

Sample sites are located by handheld GPS.
MGA grid system; zone 55, using GDA94 datum.
Specification of the grid system used.
Quality and adequacy of topographic control.
Data
spacing
and

Data spacing for reporting of Exploration Results.
Whether the data spacing and distribution is sufficient to
establish the degree of geological and grade continuity
Sites are spaced 200 x 200 metres
distribution appropriate for the Mineral Resource and Ore Reserve estimation
procedure(s) and classifications applied.
Whether sample compositing has been applied.
N/A.
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

Copper Hill shows typical ‘porphyry-style’
mineralisation related to multi-phase intrusives and
mineralisation disseminated and veined within various
phases of porphyry intrusions and in veins and breccias
within the adjacent country rock.
N/A.
introduced a sampling bias, this should be assessed and reported
if material.
Sample
security
The measures taken to ensure sample security. No specific measures. The ALS Laboratory is 40 km
from Copper Hill and GCR personnel prepared and
transported all samples, which were receipted at lab.
Audits or
reviews
The results of any audits or reviews of sampling techniques and
data.
No audits have been carried out specifically on the
sampling techniques.

Section 2: Reporting of Exploration Results

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
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
The Copper Hill – Molong Project is held 100% by GCR
under EL6391 (33 units, 95 square kilometres).
park and environmental settings.
The security of the tenure held at the time of reporting along EL6391 is current to 10thMarch 2025.
with any known impediments to obtaining a licence to
operate in the area.
Exploration
done by other
parties
Acknowledgment and appraisal of exploration by other
parties.
Since 1960’s Anaconda, Amax Australia, Le Nickel, BHP,
and a series of Joint Ventures between Metallic
Resources and Homestake, Cyprus Minerals, MIM and
Newcrest.
Geology Deposit type, geological setting and style of mineralisation. Porphyry-style; tonalite–dacite multi-phase
intrusions into andesitic island-arc volcanics with
copper-gold in disseminations, sheeted veins,
multidirectional stockworks, breccias and adjacent
exoskarns
Drill hole
Information
A summary of all information material to the understanding of
the exploration results including a tabulation of the following
information for all Material drill holes:
Not applicable for surface sampling
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
detract from the understanding of the report, the Competent
Person should clearly explain why this is the case.
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.
Not applicable for surface sampling
Where aggregate intercepts incorporate short lengths of high
grade results and longer lengths of low grade results, the
procedure usedfor such aggregation should be stated and

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 19 of 20

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
some typical examples of such aggregations should be shown in
detail.
The assumptions used for any reporting of metal equivalent
values should be clearly stated.
Relationship
between
mineralisation

These relationships are particularly important in the reporting
of Exploration Results.
If the geometry of the mineralisation with respect to the drill
Not applicable for surface sampling
widths and hole angle is known, its nature should be reported.
intercept If it is not known and only the down hole lengths are reported,
lengths there should be a 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 included for any significant discovery being

Data maps are compiled at appropriate scale for
further interpretation
reported These should include, but not be limited to a plan view
of drill hole collar locations and appropriate sectional views.
Balanced
reporting
Where comprehensive reporting of all Exploration Results is not
practicable, representative reporting of both low and high
grades and/or widths should be practiced to avoid misleading
Results for all samples have been reported
reporting of Exploration Results.
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
The sites of previous sampling are shown in Figure 3.
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 extensions or large-scale step-out
Future sampling may include infill, and further
extensions of open geochemical zones, and parts of
drilling). EL6391 where surface geochemistry may be useful
in targeting.
Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling
areas, provided this information is not commercially sensitive.

GCR ASX Announcement – Copper Hill Geochemical Sampling Completion Page 20 of 20