GREENWING RESOURCES LTD — Capital/Financing Update 2025

May 18, 2025

www.greenwingresources.com

ASX Announcement – 19 May 2025

Que River Project: Exploration Update High Grade Targets Identified between N Lens & QR32 Open Cut

Greenwing Resources Ltd (‘Greenwing’ or the ‘Company’) (ASX: GW1) is pleased to provide a further update on its 100% owned Que River Polymetallic Project, located in northwest Tasmania. The Company sees considerable scope to add value to the Que River project following the recent update tabling of an updated JORC 2012 compliant mineral resource estimate.

Highlights

• Greenwing is evaluating several development opportunities at Que River with commodity prices, notably Gold and Silver, having improved materially since the mine last produced concentrates in 2010

• In addition to the recently announced high-grade intercepts below the QR32 open pit (2 April 2025), Greenwing has identified a further high-grade zone and extensional drill targets between the QR32 existing open pit and mineralised zone and the N Lens which has never been mined or effectively drill tested.

• Significant potential is immediately obvious with no drilling intercepts between the two mineralised lenses presenting both a high-grade open cut target together with a deeper underground target zone.

• High-grade intercepts on the northern margin of the N Lens which has never been developed and additionally never followed up along strike with further drilling:

• QR1145 → 5.55m @ 22.9% ZnEq – 6.55% Zn; 4.25% Pb; 0.24% Cu; 167 g/t Ag & 1.87g/t Au, including 1.1m @ 49.2% ZnEq – 15.1% Zn; 10.5% Pb; 0.62% Cu; 240 g/t Ag & 4.79 g/t Au, and 1m @ 41.1% ZnEq – 13.6% Zn; 8.25% Pb; 0.33% Cu; 200 g/t Ag & 1.63 g/t Au.

• QRD1263 → 5.4m @ 22.7% ZnEq – 10.79% Zn; 5.76% Pb; 0.24% Cu; 109 g/t Ag & 1.45g/t Au, including 0.45m @ 52.5% ZnEq – 25.3% Zn; 1.23% Pb; 0.42% Cu; 340 g/t Ag & 3.6 g/t Au.

• QRD1248 → 0.95m @ 25.6% ZnEq – 9.9% Zn; 6.47% Pb; 0.29% Cu; 153 g/t Ag & 1.36g/t Au.

• QR0015 → 22.5m @ 22.5% ZnEq – 8.46% Zn; 5.35% Pb; 0.26% Cu; 109 g/t Ag & 1.63g/t Au, including 0.61m @ 38.7% ZnEq – 16.7% Zn; 8.56% Pb; 0.4% Cu; 190 g/t Ag & 2.3 g/t Au, and 1.43m @ 35.2% ZnEq – 12.66% Zn; 8.72% Pb; 0.38% Cu; 135 g/t Ag & 3.1 g/t Au.

• QRD1265 → 5.4m @ 22.7% ZnEq – 10.79% Zn; 5.76% Pb; 0.24% Cu; 109 g/t Ag & 1.45g/t Au, including 0.45m @ 52.5% ZnEq – 25.3% Zn; 1.23% Pb; 0.42% Cu; 340 g/t Ag & 3.6 g/t Au.

• QRD1285 → 5.38m @ 18.3% ZnEq – 5.02% Zn; 3.12% Pb; 0.1% Cu; 113 g/t Ag & 1.92g/t Au, including 2.48m @ 36.4% ZnEq – 9.75% Zn; 6.08% Pb; 0.18% Cu; 235 g/t Ag & 3.81 g/t Au.

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• The previously reported QR zone requoted below, is unmined below the southern end of the QR32 open cut, the pit is located approximately 80m north of the N lens last line drilling

• QR1278 → 5.85m @ 28.9% ZnEq - 2.05% Zn; 6.88% Pb; 0.29% Cu; 116g/t Ag & 2.08 g/t Au, Including 1.5m @ 64.9% ZnEq – 28.9% Zn; 16.2% Pb; 0.64% Cu; 223 g/t Ag & 4.36 g/t Au.

• These high grade intercepts are high priority targets for follow up drilling, as well as mine planning works, and the potential for an open pit cut back and extension from the current QR32 pit for the near surface extraction in addition to the possibility of underground mining.

• Following a full evaluation of the resource blocks, Greenwing intends to investigate a targeted exploration program in conjunction with first pass mine planning reviews of possible options for the development of the significant existing Mineral Resource and the possibility to expand further to the Mineral Resource with targeted exploration drilling.

Note that Zinc Equivalent (ZnEq) calculations can be seen on pages 12 and 13. Based on this information it is the Company’s opinion that the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold.

Full drill data and details can be found in the Appendix 2, 3 & 4.

EXECUTIVE DIRECTOR / CEO, PETER WRIGHT:

Post the recent tabling of an updated JORC 2012 mineral resource estimate at Que River the Company has established a strong basis to add value to the Que River project. The project has considerable exploration potential and sits in an established mining jurisdiction and in direct proximity to several operating mines.

Que River only reinforces the long-term value of the Company with Que River being a meaningful addition to a portfolio already including the San Jorge Lithium Project and the Graphmada Graphite Mine.

==> picture [443 x 252] intentionally omitted <==

Figure 1 N Lens West Section - Long Sections of Target Area relative to Mineral Resource blocks

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The current QR32 Open pit was successfully mined by BSM in 2010 to approximately 40m depth and then abandoned. The previously announced open pit extension identified as part of the 2 April ASX announcement demonstrate additional potential along strike mineralisation extensions Greenwing expect with the current increased metal prices that a cut back of the open cut may be economic, moving forward additional drilling will be planned to target these significant gaps in drill data targeting additional higher grade zones between the QR Open Pit and the N Lens mineralisation. Detailed mine design and planning must be undertaken to further evaluate these economics.

Greenwing will continue to evaluate the significant data sets available at Que River while aiming to deliver increased shareholder value through smart exploration, resource development and mining potential within the Project.

LOCATION & HISTORY

The Que River Project is located in Northwest Tasmania immediately adjacent to the operating Hellyer Mine with a private connecting access/haul road. Additionally, it is within 14 km of currently operating processing mills at Roseberry and Renison Bell. Within the mineral rich Mount Read Volcanics.

Que River was discovered in the early 1970’s and previously mined, initially by Aberfoyle between 1980 and 1990 mostly via underground operations. Subsequently Bass Metals (BSM) (now Greenwing) conducted open cut mining from 2007 to 2010 from four open cut mines. Both operations were largely toll treated at the Rosebery mill to produce gravity, copper, lead and zinc concentrates.

The potential for extensions along the known mineralised zones will. The potential for additional poly-metallic mineralisation within the Mount Read Volcanic Corridor which currently has several world class deposits identified, including the Hellyer Deposit which sits immediately along strike and adjacent to Que River Mining Lease.

==> picture [223 x 318] intentionally omitted <==

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Historical Drilling

Aberfoyle discovered the deposit and complete exploration and definition drilling from 1974 to 1990 from surface as well as extensively from underground development. BSM completed some surface drilling targeting their planned open pits as well as some resource extensions and more regional exploration targets.

Drilling was completed in only two significant phases originally by Aberfoyle from 1980-1990 while operating Que River as an underground mine, then by Bass Metals 2005 – 2010 who also mined 4 open cuts during the period 20072010, no drilling has been completed since this time.

Some drilling data has not been recovered, and the team is still trying to find this data to inform some exploration zones and data points, but they have been assumed as null values at this time

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COMPETENT PERSON STATEMENT

The information in this report that relates to site conditions and Exploration Results is based on information compiled by Mr Scott Hall who is a member of the Australian Institute of Mining and Metallurgy. Mr Hall is an independent consultant to the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are 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 Hall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This information was prepared under the JORC Code 2012 with additional details provided in the following JORC Table 1 assessment (see Appendix 1).

The information relating to the Mineral Resources at the Que River is extracted from ASX Announcement dated 25 March 2025 titled ‘Greenwing tables updated Polymetallic Mineral Resource at Que River’.

The report is available to view on the Greenwing website www.greenwing.com.au. The report was issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

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This announcement is approved for release by the Board of Greenwing Resources Ltd.

For further information please contact

Peter Wright

Executive Director/CEO peter@greenwingresources.com

ABOUT GREENWING RESOURCES

Greenwing Resources Limited ( ASX:GW1 ) is an Australian-based critical minerals exploration and development company committed to sourcing metals and minerals required for a cleaner future. With lithium and graphite projects across Madagascar and Argentina, Greenwing plans to supply electrification markets, while researching and developing advanced materials and products.

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APPENDIX 1 JORC 2012 Table 1 assessment

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sampling techniques	•	Nature and quality of sampling (eg cut channels, random chips, or specific specialised	•	Underground channel and stockpile sampling if undertaken during past mining is not currently available and not relied on.
		industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF	•	All sampling from drilling was core sawn half-core on nominal 1 m intervals, adjusted to any lithological boundaries. Core sampling is selective targeting mineralised zones as well as several meters of
		instruments, etc). These		surrounding waste.
		examples should not be taken	•	Sampling and drilling are industry standards. Though
	•	as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the		early underground drilling core sizes are narrow they are suitable for a base metals deposit and have been verified by previous mining that did not record any significant production bias.
		appropriate calibration of any
		measurement tools or systems
		used.
	•	Aspects of the determination of
		mineralisation that are Material
		to the Public Report.
	•	In cases where ‘industry
		standard’ work has been done
		this would be relatively simple
		(eg ‘reverse circulation drilling
		was used to obtain 1 m samples
		from which 3 kg was pulverised
		to produce a 30 g charge for
		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 techniques	•	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if	• •	The current resource estimate is based on 1316 mostly completed drill holes on nominal 12.5 m east- west sections to define past underground mine stopes. The drilling includes 92 Bass Metals Ltd (BSM) surface holes, 232 older Aberfoyle surface holes and 992 Aberfoyle underground holes. Historic Aberfoyle holes were diamond-drilled and
		so, by what method, etc).		are of NQ or BQ core size (47.6mm or 36.4mm
				diameter respectively).
			•	More recent BSM holes were diamond drilled and
				NTW, NQ or LTK60-sized core recovered (diameters
				of 56 mm, 47.6 mm or 45.2 mm respectively).
			•	All drilling used standard core tubes and the core
				was generally not oriented.
			•	Drilling was the principal stope design basis with
				historic grade control drilling completed on 12.5 m
				spaced sections and comprised of both surface
				drilling is on E-W sections and underground holes are
				drilled as skewed fans from several underground
				sites.
Drill sample recovery	•	Method of recording and assessing core and chip sample recoveries and results assessed.	•	For BSM drilling  All core runs were measured and checked against core blocks. Drillers record zones of lost

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
	•	Measures taken to maximise		core with core blocks and sample recovery
		sample recovery and ensure		measured and recorded in the drill hole
	•	representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to		database with 89% length weighted recovery overall and 96% in mineralization.  The drilling process occurs under daily geological supervision which provides a means to ensure maximum sample recovery and proper core
		preferential loss/gain of		presentation.
		fine/coarse material.		 Other than daily geology review of core and
				recovery no other measures are taken to
				maximise core recovery.
				 There is no evident relationship between sample
				recovery and grade.
			•	Historic Aberfoyle drill records for recovery have not
				yet been recovered. Available reports do not
				indicate there were any significant drilling recovery
				issues or that recovery significantly differs from more
				recent drilling.
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.	• •	All drill-core has been geologically logged in detail for lithology, alteration, structure, mineralisation, veining and weathering using standard Que-Hellyer logging codes. Wet and dry digital photographs of all BSM core were taken with older drilling photographed on slide film but are not current located.
	•	Whether logging is qualitative	•	All drilling is logged for RQD (rock quality)
		or quantitative in nature. Core		measurements were recorded at per drill-run
		(or costean, channel, etc) photography.		intervals (average of 3 m).
	•	The total length and
		percentage of the relevant
		intersections logged.
Sub-	•	If core, whether cut or sawn	•	All drilling is by diamond drilling and sampled as
sampling techniques and sample preparation	• •	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,	•	sawn half-core on nominal 1 m intervals, adjusted to lithological boundaries. Core sampling is selective targeting mineralised zones as well as several meters of surrounding waste. Core was cut in half onsite using a core saw, perpendicular to mineralisation or geology, to
		quality and appropriateness of		produce two mirrored halves.
		the sample preparation	•	For BSM samples sample preparation was at
	• •	technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that	•	commercial laboratories using industry standard approach with oven drying, coarse crushing and then 100% of the sample was pulverised to a nominal 80% passing 75µm. Sample preparation is unknown for historic Aberfoyle
		the sampling is representative		samples but mostly undertaken at an in-house
		of the in situ material collected,		laboratory.
		including for instance results for	•	For some early BSM surface holes material was
	•	field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.	•	provided for metallurgical testing by pulverizing a 50% split for assay and retaining the remainder of the coarse crush material for metallurgical testing. Duplicate samples for BSM programs were obtained by splitting nominated half core samples, at the rate
				of about one in 25 samples, into two quarter core
				samples, which were then submitted in the same
				batch. No significant bias was noted between the
				original and duplicate samples. For the resource
				estimate all ¼ core duplicates were composited
				usingdensityweightingtoprovide an equivalent ½

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				core assay.
			•	Sample types, sizes, preparation and quality are
				considered to be appropriate for the style of
				mineralisation being sampled.
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	•	For BSMdrilling half core samples were submitted to Ammtec Laboratories located in Burnie (now ALS), Tasmania for:  Cu, Pb, Zn, Ag, As, Fe (triple acid digest and AAS)  Au (50 g fire assay with AAS finish  Ba (pressed powder XRF) and at times S and Si  Density determination was conducted by the
		instruments, etc, the		laboratory on each assay sample using an
		parameters used in determining		Archimedes method on core specimens.
	•	the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg	• •	BSM QAQC sampling included  1 in 25 Certified Reference Materials (standards)  1 in 25 blanks  1 in 200 check assays (to three labs in total) Historic assays were carried out at Aberfoyle’s company laboratory (now the Ammtec Burnie lab)
		standards, blanks, duplicates,		using
		external laboratory checks)		 pressed powder XRF for Cu, Pb, Zn; AAS for Ag
		and whether acceptable levels		and As
		of accuracy (ie lack of bias) and precision have been established.		 Au by fire assay  Density on many samples was by air pycnometer on pulp samples
				 Internal laboratory blanks and standards were
				the only QA-QC for historic holes.
			•	The nature, quality and appropriateness of the assay
				techniques used at are to industry standard. All
				assays are considered reasonable representation for
				total assay content.
Verification	•	The verification of significant	•	No twinned holes have been drilled. Both major
of sampling and assaying	• •	intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures,	•	drilling programs are in part verified by mine production that did not report any significant reconciliation issues. No original records for the Aberfoyle drilling has been discovered at this stage to verify the drilling
		data verification, data storage		database with the exception of a few peripheral drill
		(physical and electronic)		holes reported under the surrounding exploration
		protocols.		lease but which do not contribute to the Mineral
	•	Discuss any adjustment to assay		Resource
		data.	•	For BSM drilling laboratory certificates are not
				available but original dispatch and laboratory
				spreadsheet data is available. 7 of the 44 assay
				batches were compared to the drilling database
				and confirmed the assay data were loaded
				correctly. 17% did not match but were confirmed as
				QAQC samples and one duplicate confirms BSM
				averaged the duplicate and original assays.
			•	Primary geological data is based on an Aberfoyle
				database extract with BSM drilling information
				added to an Access database. Logging by BSM was
				reportedly on paper logs and entered into Excel
				spreadsheet templates. Information was transferred,
				complied, and managed by the Company’s in-
				house database geologist in an Access database.
				Assay data was provided digitally by the assay
				laboratory.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
			•	Aberfoyle density measurement are by air
				pycnometer. These are adjusted downwards by 2.5%
				to account for porosity. Also some density
				measurements are missing for the available assays
				and are calculated from grade relationships (both
				are discussed later).
			•	Top cutting was used to limit the topmost grades in
				the MRE’s though these have minimal impact on the
				average grade they potentially limit local high
				variance, particularly for gold and silver. The top cuts
				include:
				 4.7 t/m3Density.
				 For high grade PQ domains 25 g/t Au, 1500 g/t
				Ag
				 For low grade and outer domains 10 g/t Au, 500
				g/t Ag
				 30% Pb
				 40% Zn
				 5% Cu except 12% for S Lens (a high copper
				domain)
Location of	•	Accuracy and quality of	•	The Que River, Hellyer and Fossey areas is covered
data points		surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.		by an historic Mine Grid system (the Mackintosh Grid) set up by Aberfoyle in the 1970’s. This grid has been used for all exploration work in the Que-Hellyer area and at the Que River, Hellyer and Fossey mines. Mine
	•	Specification of the grid system used.	•	Grid north is 22.1228° east of AMG north. Historic drill-hole collar survey data is understood to
	•	Quality and adequacy of		be located by mine surveyors.
		topographic control.	•	All BSM surface hole-collars were surveyed by a
				licensed surveyor.
			•	Although no direct comparison of historic and BSM
				surveys are available for Que River some resurvey of
				Aberfoyle holes are reported for the nearby Fossey
				mine without issues.
			•	Drill holes were surveyed down hole during drilling,
				using an Eastman single shot camera, at nominal 30
				m intervals. Cameras were reportedly calibrated
				using survey jigs set up approximately along mine
				east-west. Hole azimuth and inclination data were
				plotted against depth. The trend of hole deviation
				was reviewed to discard spurious (mainly azimuth)
				readings. 25m spaced data were read from the
				graph and entered into the survey database.
Data	•	Data spacing for reporting of	•	Historic mine production areas are drilling on fans of
spacing and distribution	•	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	•	underground and surface drilling on 12.5 mN section spacing Remaining remnant Mineral Resource areas include both areas drilling to either 12.5 or 25 m section spacing as well as some lenses drilled on wider exploration spacing.
		Reserve estimation	•	The main Mineral Resource areas and drilling was
		procedure(s) and classifications		interpreted by the mine geologists based on
	•	applied. Whether sample compositing	•	detailed knowledge of the day. Some minor additional Mineral Resource
		has been applied.		interpretations are only defined in areas with
				sufficient drilling and close enough spacing to
				provide confidence in the continuity. Extrapolation
				beyond the drillingis limited since VMS deposits can

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				terminate rapidly.
			•	Drill data spacing is considered representative in
				classification approach and description.
			•	Assayed drill samples are generally 1 m in length.
			•	1 m was used for compositing.
Orientation	•	Whether the orientation of	•	Surface and underground drilling is on largely E-W
of data in relation to geological structure	•	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	•	sections, close to perpendicular to the strike of mineralisation. Drilling fans result in variable angles of intersection with occasional surface holes intersecting deep areas at low, near down dip orientations. The VMS massive sulphides mineralization is unlikely to
		orientation of key mineralised		inherently introduce any sampling bias due to
		structures is considered to have		orientation and there is no record of past bias due to
		introduced a sampling bias, this should be assessed and		the drilling intersection orientations.
		reported if material.
Sample security	•	The measures taken to ensure sample security.	•	Samples were reportedly transported by company light vehicle to the assay laboratory at the completion of core cutting.
			•	Pulps were returned the same way, for storage at the
				onsite core shed.
			•	Sample security was and is not considered a
				significant risk given the style of mineralisation.
Audits or	•	The results of any audits or	•	For this estimate various database sources were
reviews		reviews of sampling techniques and data.		recovered and the drilling data compared. The original BSM Que River data contained only QR series
				drilling completed by Aberfoyle and BSM at the Que
				River mine. 15 additional drill holes within the Que
				River Mining Lease were recovered with geology but
				without assay data. Some of these holes are
				reported in open file exploration reports with assays.
				Further work remains to source the missing assays
				digitally but since these holes are peripheral, they
				are not relevant to the current Mineral Resource.
			•	A 10% audit of the Bass drilling against available
				laboratory digital files indicated no database issues.
			•	Records of any reviews of the historic Aberfoyle
				drilling are not available.
			•	In 2009 BSM completed a Feasibility Study for Hellyer-
				Fossey that included Que River Mining Lease. This
				included a 2009 report by Hellman & Schofield Pty
				Ltd to follow-up on BSM concerns with some higher
				grades for ALS check samples. The assessment was
				focused on Fossey but also include Que River
				assaying by Bass from 2005 to 2009. The report
				concluded very high lead or barite samples were
				likely under reported particularly for Pb and Ba. It is
				understood the assaying issue was addressed after
				2009 but the problematic samples pertain to Fossey.
			•	It is reported that Snowden mining consultants
				reviewed the Fossey Mineral Resource in 2011 and
				were of the opinion that drilling and sampling has
				been conducted to a standard appropriate for
				resource evaluation. Since BSM was active at both
				Fossey and Que River the conclusion is relevant to
				Que River.
			•	BSM prepared an information memorandum for the
				Que River,Hellyer and Fosseydeposits in 2013 which

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Criteria	JORC Code explanation	Commentary
		included several independent consultants. These
		consultants were mainly focused on geology, soils,
		geophysical surveys and litho-geochemical aspects
		for exploration potential and included Jigsaw
		Geoscience, Mineral Mapping and OreFind.

Section 2 Reporting of Exploration Results

Criteria	JORC Code	JORC Code	Commentary	Commentary
	explanation
Mineral	•	Type, reference	•	All Mineral Resources are well within the Que River Mining
tenement and land tenure status		name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title	•	Lease 68M/84 and is wholly owned by BSM. Details of 68M/84 were reviewed online on 5thFeb 2025 indicating:  Holder Greenwing Resources Ltd  Size 300 Ha  Granted 29/3/1988 (applied 12/6/1984)
		interests, historical sites,		 Expired 9/12/2020 renewal lodged & pending
		wilderness or national	•	Greenwing have been working closely with the Mineral
	•	park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to		Resources Tasmania (MRT) and the Tasmanian EPA to bring the historic Que River mine site surface working into compliance and arrive at a manageable security deposit. This is progressing and Greenwing understand that the additional environmental bond required will be on the
		obtaining a licence to		order of 2 million dollars.
		operate in the area.
Exploratio n done by other	•	Acknowledgment and appraisal of exploration by other parties.	• •	Earliest known exploration in the Que-Hellyer area was prospecting carried out around 1920. Modern exploration effectively began in the early 1970’s by
parties				Aberfoyle Resources (initially Cominco / Abminco) with the discovery of the Que River deposit in 1974 was carried out
				intensively up to 1998. From 1998 to the closure of Hellyer
				mine in 2000, exploration was centred on the immediate
				Hellyer mine area.
			•	No exploration occurred between the Hellyer mine closure
				in 2000 and BSM involvement in 2005.
			•	BSM started exploration drilling in 2005 and commenced
				open pit production in 2007 with drilling and mining
				completed 2010. Up until 2015 Bass completed various
				exploration reviews and studies as well as rehabilitation of
				the open pits and disturbed areas.
			•	No further drilling or exploration has been completed
				subsequently.
Geology	•	Deposit type, geological setting and style of mineralisation.	•	Historically four base metal resources occur in lenses at Que River, N Lens (Nico), PQ & PNth Lenses, QR32 Lens and S Lens.
			•	The deposits are examples of Volcanic Hosted Massive
				Sulphide (VMS) deposits.
			•	Mineralisation style is diverse and includes footwall stringer
				veins and local replacement, to massive high-grade base
				metal sulphide, to epiclastic breccia hosted mineralisation.
Drill hole	•	A summary of all	•	No exploration drilling has been completed since 2010
Informatio n		information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:	•	The complete drilling database includes 1316 drill holes that are within the Mining Lease. 324 are drilled from surface and the remainder are underground. Drilling includes numerous holes now essentially mined out or drilled for grade control/production definition.
		o easting and northing	•	Due to the volume of drillingdata a full listingof the drill

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11

Criteria JORC Code explanation	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary	Commentary
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.	•	holes is not provided. Drilling phases, company and timing are shown in the below table Drill Holes specifically highlighted in this announcement can be found in Appendix 2, 3 & 4 Company Period (Year) Collar Loc- ation Hole Pre-fixesHoles Total Depth (m) Number of assays/measurements Density Cu Pb Zn Ag Au Aberfoyle Exploration 1984-85 Surf DA 2 770 - 159 159 159 159 55 1988-90 Surf HED, MAC 13 5,531 - - - - - - Aberfoyle Mine 1974-90 Surf QR 217 40,697 1,638 4,683 4,683 4,683 4,683 4,558 UG QR 992 61,178 18,040 18,148 18,148 18,148 18,148 18,092 BSM 2005-10 Surf QRD 92 8,222 1,197 1,566 1,566 1,566 1,563 1,557 Total 1,316 116,397 20,875 24,556 24,556 24,556 24,553 24,262
		Company		Period (Year)		Collar Loc- ation		Hole Pre-fixes		Holes	Total Depth (m)		Number of assays/measurements
													Density		Cu	Pb		Zn	Ag		Au
		Aberfoyle Exploration		1984-85		Surf		DA		2	770		-		159	159		159	159		55
				1988-90		Surf		HED, MAC		13	5,531		-		-	-		-	-		-
		Aberfoyle Mine		1974-90		Surf		QR		217	40,697		1,638		4,683	4,683		4,683	4,683		4,558
						UG		QR		992	61,178		18,040		18,148	18,148		18,148	18,148		18,092
		BSM		2005-10		Surf		QRD		92	8,222		1,197		1,566	1,566		1,566	1,563		1,557
		Total								1,316	116,397		20,875		24,556	24,556		24,556	24,553		24,262
		Drill Holes specifically highlighted be found in Appendix 2, 3 & 4
Data aggregati on 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. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated.	• • • • •
	Elem	ent	Metalprice				Priceper ore tonne					Metallurgical and PayabilityFactors
			USD		Unit		USD		Unit			Recovery		Payability			Combined			Zn Factor
	Z	n	2800		t		28.0		10kg			86%		46%			40%			1.0
	P	b	2000		t		20.0		10kg			76%		63%			48%			0.9
	C	u	9300		t		93.0		10kg			66%		97%			65%			5.4
	A	u	2800		oz		90.0		g			84%		88%			74%			6.0
	Ag		31		oz		1.0		g			81%		90%			73%			0.07

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Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary
• •	Element	Metalprice		Priceper ore tonne		Bass Metals Contract
		USD	Unit	USD	Unit	Payability	Zn Factor
	Zn	2800	t	28	10kg	39.5%	1.0
	Pb	2000	t	20	10kg	38.5%	0.7
	Cu	9300	t	93	10kg	25%	2.1
	Au	2800	oz	90	g	40%	3.3
	Ag	31	oz	1.0	g	40%	0.04
Relationshi p between mineralisat ion widths and intercept lengths • These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). • • •	Drill holes are designed to try and achieve intersections as close to orthogonal as possible, within the limitations of available drilling sites. True thicknesses have not been calculated in this report drill intervals are quoted, however figures show relative relationship between resource blocks and drilling. For drill intercept reporting in Appendix 2 the east-west width is provided as a suitable indication of true width as most domains are nearly vertical in orientation.
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. •	Geological, drilling and interpretive plans and sections are included in the body of the report & appendices
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. •	The subset drill hole listing in Appendix 3 should provide a balanced indication of the drilling with the greatest input to this announcement.
Other substantiv e exploratio n 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, •	Geophysical methods are typically used for exploration of VMS deposits. These have been used previously to target drilling but are not integral to the Mineral Resource or Exploration Results.

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Criteria	JORC Code	JORC Code	Commentary	Commentary
	explanation
		geotechnical and rock
		characteristics; potential
		deleterious or
		contaminating
		substances.
Further	•	The nature and scale of	•	The Que River underground mine is currently flooded, with a
work	•	planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of	•	Portal plug in place to manage high water in-flows. Mine rehabilitation will may be required to extract the remaining resources. Additional drilling is being reviewed to firm up areas of potential Open Cut and / or cut back. Additionally deeper drilling will be assessed to expand the current MRE and
		possible extensions,		inform mine planning with the view of increasing
		including the main		confidence in resource blocks and ground conditions. .
		geological interpretations
		and future drilling areas,
		provided this information
		is not commercially
		sensitive.

Appendix 2 Drilling details

The Que River Mine Lease contains 1316 drill holes, many of which were drilled to define high grade zinc-lead ore now largely mined out. The table below shows collar locations for selected drill -hole results highlighted as part of this announcement, the table below shows their locations .

Due to the location of the majority of the drill holes shown being drilled / collared from underground access drives a plan of collars has not been included. However, hole location and survey data can be seen tabulated below

Hole ID Local East Local North RL Hole Type Total DepthCollar Location Azimuth Dip	Hole ID Local East Local North RL Hole Type Total DepthCollar Location Azimuth Dip	Hole ID Local East Local North RL Hole Type Total DepthCollar Location Azimuth Dip	Hole ID Local East Local North RL Hole Type Total DepthCollar Location Azimuth Dip	Hole ID Local East Local North RL Hole Type Total DepthCollar Location Azimuth Dip	Hole ID Local East Local North RL Hole Type Total DepthCollar Location Azimuth Dip	Hole ID Local East Local North RL Hole Type Total DepthCollar Location Azimuth Dip	Hole ID Local East Local North RL Hole Type Total DepthCollar Location Azimuth Dip	Hole ID Local East Local North RL Hole Type Total DepthCollar Location Azimuth Dip
QR0015	5,081	7,801	692	DDH	293.5	SURFACE	89.3	-52
QR0018	5,140	7,801	689	DDH	233.9	SURFACE	88.3	-47
QR0089	5,266	7,805	693	DDH	195.4	SURFACE	276.7	-55.4
QR0822	5,300	7,775	514	DDH	199.0	708 N	269.2	33.6
QR1137	5,186	7,797	689	DDH	67.5	SURFACE N-LENS	270.5	-32.9
QR1139	5,187	7,797	689	DDH	96.5	SURFACE	269.2	-51.4
QR1143	5,187	7,798	689	DDH	94.2	SURFACE	319.1	-65
QR1145	5,188	7,798	689	DDH	116.5	SURFACE	312.6	-68
QR1148	5,188	7,797	689	DDH	116.5	SURFACE	269.1	-75.8
QRD1263	5,172	7,774	690	DDH	74.9	SURFACE	270.0	-30
QRD1264	5,172	7,774	690	DDH	89.7	SURFACE	270.0	-49
QRD1265	5,172	7,774	690	DDH	95.9	SURFACE	272.7	-63
QRD1283	5,160	7,783	690	DDH	74.9	SURFACE	269.5	-31
QRD1284	5,185	7,826	690	DDH	89.6	SURFACE	271.0	-63
QRD1285	5,184	7,826	690	DDH	77.0	SURFACE	271.5	-43.5

Table 1 Selected drill hole collar locations

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Appendix 3 Drill Interval Information

• *NB: Drill Interval is Down-Hole Interval not True Width

• Suffix A, B & C represent same drill hole but separate drill interval

• Reported Drill Composite Interval may contain internal dilution <5% ZnEq by Geological Discretion

• -9 indicates Interval was not assayed. Sampling for Assay was generally by visual geological selection of mineralisation.

Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Hole Name Section Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t
QR0822	7775N	177.55	178.7	1.15	9.0	4.20	3.35	0.05	50	0.12
QR0822	7775N	178.7	179.1	0.40	6.7	3.70	1.30	0.07	1	0.57
QR0822 Interval	7775N	177.55	179.10	1.55 8.4 4.07			2.82	0.06	37	0.24
QRD1263A	7775N	38.15	39.2	1.05	19.9	6.94	4.61	0.30	76	1.84
QRD1263A	7775N	39.2	40.3	1.10	10.1	2.49	1.85	0.28	52	1.10
**QRD1263A Interval **	7775N	38.15	40.30	2.15 16.0 5.01			3.44	0.31	69	1.57
QRD1263B	7775N	49	50	1.00	9.1	2.67	1.48	0.11	39	1.09
QRD1263B	7775N	50	51	1.00	15.9	5.30	3.65	0.22	69	1.46
**QRD1263B Interval **	7775N	49.00	51.00	2.00 12.5 3.99			2.57	0.16	54	1.28
QRD1263C	7775N	57.5	57.95	0.45	52.5	25.30	1.23	0.42	340	3.60
QRD1263C	7775N	57.95	58.9	0.95	29.6	14.70	1.05	0.24	220	1.46
QRD1263C	7775N	58.9	59.9	1.00	21.6	6.93	4.42	0.16	74	2.50
QRD1263C	7775N	59.9	60.9	1.00	13.9	8.08	2.21	0.13	36	0.78
QRD1263C	7775N	60.9	61.9	1.00	15.2	7.11	3.58	0.36	67	0.64
QRD1263C	7775N	61.9	62.9	1.00	20.2	10.80	5.76	0.23	48	0.91
**QRD1263C Interval **	7775N	57.50	62.90	5.40 22.7 10.79			3.24	0.24	109	1.45
QRD1264	7775N	47.8	48.8	1.00	18.8	7.25	4.23	0.22	97	1.27
QRD1264	7775N	48.8	49.9	1.10	27.0	11.10	7.67	0.19	89	1.99
QRD1264	7775N	49.9	51	1.10	11.9	4.60	2.54	0.14	26	1.28
QRD1264	7775N	51	52	1.00	7.6	2.74	1.63	0.11	28	0.72
QRD1264	7775N	52	53	1.00	16.6	4.62	3.76	0.30	59	1.94
QRD1264	7775N	53	54	1.00	8.6	0.16	0.15	0.20	35	1.98
QRD1264	7775N	54	55	1.00	12.9	1.31	1.07	0.37	54	2.40
QRD1264	7775N	55	56	1.00	1.9	0.21	0.19	0.03	14	0.29
QRD1264	7775N	56	57	1.00	2.9	0.56	0.47	0.07	14	0.41
QRD1264	7775N	57	57.8	0.80	0.9	0.35	0.21	0.01	5	0.06
QRD1264	7775N	57.8	58.3	0.50	15.1	6.13	3.51	0.11	26	1.58
QRD1264	7775N	58.3	59.5	1.20	0.3	0.06	0.11	0.00	4	0.01
QRD1264	7775N	59.5	60.7	1.20	0.8	0.16	0.09	0.01	9	0.05
QRD1264	7775N	60.7	62.3	1.60	10.1	3.78	2.10	0.13	39	0.92
QRD1264	7775N	62.3	63.5	1.20	0.2	0.02	0.03	0.00	4	0.01
QRD1264	7775N	63.5	64.5	1.00	1.9	0.16	0.24	0.03	13	0.29
QRD1264	7775N	64.5	65.4	0.90	0.7	0.12	0.13	0.01	5	0.08
QRD1264	7775N	65.4	66.2	0.80	4.8	2.47	0.40	0.04	27	0.27
QRD1264	7775N	66.2	67.3	1.10	57.1	25.60	18.90	1.04	390	0.15
QRD1264	7775N	67.3	68	0.70	6.9	3.99	0.78	0.07	34	0.26
QRD1264	7775N	68	69	1.00	9.0	5.32	1.25	0.07	28	0.46
QRD1264	7775N	69	70.1	1.10	3.9	2.47	0.67	0.03	14	0.09
QRD1264	7775N	70.1	71.1	1.00	13.0	5.05	3.67	0.26	67	0.66
QRD1264	7775N	71.1	72.1	1.00	11.7	5.41	3.69	0.24	42	0.45
QRD1264 Interval	7775N	47.80	72.10	24.30 10.3 3.93			2.45	0.16	48	0.72
QRD1265	7775N	78.6	79.6	1.00	12.0	6.00	3.03	0.13	64	0.31
QRD1265	7775N	79.6	80.6	1.00	2.3	0.61	0.38	0.02	12	0.27
QRD1265	7775N	80.6	81.3	0.70	2.2	0.93	0.25	0.02	15	0.13
QRD1265	7775N	81.3	82.9	1.60	2.1	0.74	0.39	0.02	17	0.10
QRD1265	7775N	82.9	83.2	0.30	62.2	18.60	11.30	0.36	370	6.09
QRD1265	7775N	83.2	84.8	1.60	33.8	14.50	8.46	0.30	170	1.81
QRD1265	7775N	84.8	85.8	1.00	8.4	3.90	2.57	0.12	41	0.24
QRD1265	7775N	85.8	86.8	1.00	5.9	2.75	1.71	0.09	30	0.17
QRD1265 Interval	7775N	78.60	86.80	8.20 12.9 5.35			3.10	0.12	69	0.73

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Hole Name	Section	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t
QR0015	7800N	98.77	99.38	0.61	38.7	16.70	8.56	0.40	190	2.30
QR0015	7800N	99.38	99.89	0.51	6.6	2.81	2.00	0.06	25	0.38
QR0015	7800N	99.89	100.37	0.48	10.1	3.75	2.10	0.05	37	1.00
QR0015	7800N	100.37	100.83	0.46	21.5	8.73	6.32	0.29	110	1.00
QR0015	7800N	100.83	101.3	0.47	30.8	13.30	10.40	0.34	72	2.00
QR0015	7800N	101.3	101.76	0.46	35.3	11.20	7.01	0.38	130	4.00
QR0015	7800N	101.76	102.26	0.50	39.3	13.40	8.72	0.43	200	3.30
QR0015	7800N	102.26	102.76	0.50	21.1	4.35	3.54	0.34	150	2.30
QR0015	7800N	102.76	103.26	0.50	14.1	4.64	3.21	0.10	69	1.30
QR0015	7800N	103.26	104.06	0.80	20.8	10.30	5.56	0.27	130	0.24
QR0015	7800N	104.06	104.6	0.54	8.8	1.98	1.39	0.15	56	1.00
QR0015 Interval	7800N	98.77	104.60	5.83 22.5 8.46			5.35	0.26	109	1.63
QR0018	7800N	96.52	97.08	0.56	7.5	2.36	1.48	0.06	18	1.00
QR0018	7800N	97.08	97.87	0.79	2.8	0.86	0.69	0.03	12	0.28
QR0018	7800N	97.87	98.41	0.54	4.4	0.94	0.66	0.03	15	0.70
QR0018	7800N	98.41	99.13	0.72	6.2	0.70	0.69	0.02	18	1.30
QR0018	7800N	99.13	99.73	0.60	10.0	2.83	1.53	0.02	45	1.30
QR0018	7800N	99.73	100.9	1.17	9.5	4.22	2.96	0.09	59	0.20
QR0018	7800N	100.9	101.52	0.62	2.1	0.41	0.43	0.00	15	0.25
QR0018	7800N	101.52	102.07	0.55	6.3	2.59	1.05	0.13	44	0.28
QR0018	7800N	102.07	102.66	0.59	2.6	0.91	0.63	0.02	17	0.16
QR0018	7800N	102.66	103.36	0.70	6.8	2.61	2.23	0.12	31	0.35
QR0018 Interval	7800N	96.52	103.36	6.84 6.1 2.00			1.37	0.05	30	0.55
QR0089	7800N	87.3	90.8	3.50	2.8	1.26	0.69	0.03	20	0.06
QR0089	7800N	90.8	93	2.20	3.1	0.60	0.36	0.03	20	0.41
QR0089 Interval	7800N	87.30	93.00	5.70 2.9 1.01			0.56	0.03	20	0.20
QR1137	7800N	39.5	40.75	1.25	9.5	3.55	2.30	0.09	40	0.76
QR1137 Interval	7800N	39.50	40.75	1.25 9.5 3.55			2.30	0.09	40	0.76
QR1139	7800N	57.05	57.85	0.80	12.0	3.80	1.85	0.38	50	1.24
QR1139	7800N	57.85	58.65	0.80	27.3	8.65	5.45	0.38	160	2.30
QR1139	7800N	58.65	59.3	0.65	7.3	0.80	0.55	0.24	40	1.22
QR1139	7800N	59.3	60.25	0.95	21.3	6.60	3.45	0.24	80	2.59
QR1139	7800N	60.25	61	0.75	10.1	0.10	0.25	0.34	50	2.15
QR1139 Interval	7800N	57.05	61.00	3.95 16.2 4.26			2.45	0.32	78	1.95
QR1148	7800N	106.8	107.8	1.00	13.8	6.25	4.20	0.29	100	0.00
QR1148	7800N	107.8	108.8	1.00	11.7	7.00	2.15	0.17	70	0.00
QR1148	7800N	108.8	109.8	1.00	11.1	5.85	3.80	0.08	60	0.00
QR1148	7800N	109.8	110.8	1.00	5.8	2.55	1.90	0.07	45	0.00
QR1148	7800N	110.8	111.8	1.00	5.4	2.55	1.25	0.07	45	0.00
QR1148 Interval	7800N	106.80	111.80	5.00 9.6 4.84			2.66	0.14	64	0.00

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Hole Name	Section	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t	Depth From Depth To Drill Interval* ZnEq % Zn % Pb % Cu % Ag g/t Au g/t
QR1143	7825N	68	69	1.00	18.7	4.55	3.10	1.15	240	0.00
QR1143	7825N	69	70	1.00	11.3	5.60	3.10	0.16	80	0.00
QR1143	7825N	70	71	1.00	12.2	5.55	3.85	0.19	90	0.00
QR1143	7825N	71	72	1.00	8.5	3.85	2.65	0.21	60	0.00
QR1143	7825N	72	73	1.00	26.0	12.00	7.80	0.45	190	0.00
QR1143	7825N	73	74	1.00	18.4	8.00	4.60	0.35	160	0.00
QR1143	7825N	74	75	1.00	26.5	12.80	7.60	0.35	190	0.00
QR1143	7825N	75	75.95	0.95	20.1	9.45	6.15	0.33	140	0.00
QR1143	7825N	75.95	76.95	1.00	24.3	12.40	8.00	0.33	140	0.00
QR1143	7825N	76.95	77.75	0.80	23.1	12.10	5.10	0.32	170	0.00
QR1143	7825N	77.75	78.75	1.00	2.8	0.95	0.80	0.03	30	0.00
QR1143	7825N	78.75	79.75	1.00	1.2	0.00	0.00	0.02	30	0.00
QR1143	7825N	79.75	80.75	1.00	0.8	0.00	0.00	0.01	20	0.00
QR1143	7825N	80.75	82.15	1.40	9.0	2.15	0.65	0.38	140	0.00
QR1143	7825N	82.15	83.15	1.00	2.8	1.25	0.95	0.04	20	0.00
QR1143	7825N	83.15	83.95	0.80	20.4	8.90	7.10	0.24	150	0.00
QR1143	7825N	83.95	84.95	1.00	3.5	1.45	1.10	0.05	30	0.00
QR1143	7825N	84.95	85.95	1.00	20.3	10.30	5.70	0.20	140	0.00
QR1143	7825N	85.95	86.95	1.00	16.0	7.75	4.45	0.36	110	0.00
QR1143	7825N	86.95	88.2	1.25	12.3	7.10	3.40	0.19	60	0.00
QR1143	7825N	88.2	89.2	1.00	6.0	1.60	1.00	0.23	80	0.00
QR1143 Interval	7825N	68.00	89.20	21.20 13.3 5.93			3.56	0.27	107	0.00
QR1145	7825N	93.75	94.85	1.10	49.2	15.10	10.50	0.62	240	4.79
QR1145	7825N	94.85	96.3	1.45	12.9	4.15	2.55	0.20	100	0.76
QR1145	7825N	96.3	97.3	1.00	12.2	0.05	0.05	0.01	300	0.03
QR1145	7825N	97.3	98.3	1.00	1.0	0.05	0.05	0.01	20	0.04
QR1145	7825N	98.3	99.3	1.00	41.1	13.60	8.25	0.33	200	3.95
QR1145 Interval	7825N	93.75	99.30	5.55 22.9 6.55			4.25	0.24	167	1.87
QRD1284A	7825N	42	43	1.00	8.3	3.23	2.22	0.14	20	0.72
QRD1284A	7825N	43	44.7	1.70	9.0	2.46	2.01	0.20	28	1.09
QRD1284A	7825N	44.7	46.15	1.45	0.1	0.02	0.01	0.00	1	0.01
QRD1284A	7825N	46.15	50.4	4.25	0.3	0.14	0.09	0.01	1	0.03
QRD1284A	7825N	50.4	51.2	0.80	12.3	4.17	2.83	0.15	48	1.17
QRD1284A	7825N	51.2	53	1.80	6.3	2.46	1.73	0.10	22	0.47
QRD1284A	7825N	53	54	1.00	16.1	5.30	4.77	0.41	69	1.15
QRD1284A	7825N	54	55	1.00	4.8	1.90	0.92	0.04	14	0.48
QRD1284A	7825N	55	56	1.00	12.2	4.93	2.99	0.14	39	1.00
**QRD1284A Interval **	7825N	42.00	56.00	14.00 5.7 2.00			1.44	0.10	19	0.51
QRD1284B	7825N	81.85	82.7	0.85	21.8	7.82	5.41	0.26	136	1.26
QRD1284B	7825N	82.7	82.8	0.10	58.7	27.57	15.47	0.50	302	2.18
**QRD1284B Interval **	7825N	81.85	82.80	0.95 25.6 9.90			6.47	0.29	153	1.36
QRD1285A	7825N	20.8	21.8	1.00	8.6	3.26	2.18	0.10	19	0.87
**QRD1285A Interval **	7825N	20.80	21.80	1.00 8.6 3.26			2.18	0.10	19	0.87
QRD1285B	7825N	42.12	43	0.88	45.2	11.10	6.98	0.18	261	5.58
QRD1285B	7825N	43	43.8	0.80	31.8	9.35	5.20	0.19	220	2.91
QRD1285B	7825N	43.8	44.6	0.80	31.2	8.65	5.98	0.19	222	2.77
QRD1285B	7825N	44.6	45.6	1.00	0.6	0.06	0.04	0.01	3	0.12
QRD1285B	7825N	45.6	46.6	1.00	2.4	1.09	0.59	0.02	8	0.15
QRD1285B	7825N	46.6	47.5	0.90	5.7	1.90	1.21	0.05	15	0.67
**QRD1285B Interval **	7825N	42.12	47.50	5.38 18.3 5.02			3.12	0.10	113	1.92
QRD1285C	7825N	64.7	66.4	1.70	17.1	7.71	6.53	0.22	52	0.70
QRD1285C	7825N	66.4	67.4	1.00	8.2	3.64	1.94	0.09	18	0.69
QRD1285C	7825N	67.4	68.4	1.00	4.6	2.20	1.13	0.04	14	0.31
**QRD1285C Interval **	7825N	64.70	68.40	3.70 11.3 5.12			3.83	0.13	33	0.59

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Appendix 4 Drill Sections & Plan

• N Lens Drill Sections - Section View 25m +/- 12.5m from Mine Grid Section Northing

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7975 N
Undrilled Target Area
7825 N
7800 N
7775 N
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QR32 Open Pit – 7975N Drill Section 150m North of N Lens 7825N Section

Section View 5m +/- 12.5m from Mine Grid Section Northing

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