Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

KINGSROSE MINING LIMITED M&A Activity 2021

Nov 9, 2021

65202_rns_2021-11-09_13eb01f2-c558-4bf9-ada4-6f39f3aaa457.pdf

M&A Activity

Open in viewer

Opens in your device viewer

ASX Announcement

10 November 2021

KINGSROSE TO ACQUIRE ELEMENT-46 AND A 100% INTEREST IN TWO PGENICKEL-COPPER EXPLORATION PROJECTS IN SCANDINAVIA

Kingsrose Mining Limited (ASX: KRM) (“Kingsrose” or the “Company”) is pleased to announce that it has entered into a binding, conditional agreement with the shareholders of Element-46 Limited (“E-46”) to acquire all of the shares in E-46, a private UK company with mineral exploration rights in respect of the Penikat PGE-nickel-copper deposit in Finland (“Penikat Project”) and Porsanger PGE-copper project in Norway (“Porsanger Project”).

Highlights

  • The Penikat Project is a high-grade PGE-nickel-copper-gold deposit .

  • Mineralisation is hosted in three outcropping parallel reefs with a combined strike length of 25 kilometres within a layered intrusion . Based on historical rock sampling and 4,158 meters of drilling in 95 holes with an average depth of only 43 meters, the deposit displays continuous high-grade over several kilometres of strike and mineralisation is open to depth (Figure 2).

  • Thick high-grade ‘potholes’ have been identified and represent an important exploration target, historical drill holes include:

    • 8.8 metres at 10.9 g/t PdEq (8.0 g/t Pd, 2.4 g/t Pt, 0.4 g/t Au, 0.4 % Cu, 0.2 % Ni) from surface (SI/KI-34)

    • 38.6 metres at 4.9 g/t PdEq (3.7 g/t Pd, 1.0 g/t Pt, 0.2 g/t Au, 0.2 % Cu, 0.1 % Ni) from surface (SI/KI-33)

  • Outside of the potholes each reef is typically 0.5 to 2 metres thick, historical drill holes include:

    • 1.4 metres at 22.5 g/t PdEq (11.3 g/t Pd, 7.8 g/t Pt, 0.1 g/t Au, 0.9 g/t Rh) from 7.9 metres (SJ Reef, Hole SI/KI-93)

    • 1.6 metres at 11.4 g/t PdEq (4.6 g/t Pd, 7.2 g/t Pt, 1.1 g/t Au, 0.9 % Cu, 0.2 % Ni) from 10.3 metres (PV Reef, SI/KI-51)

  • Mineralisation is analogous to the Bushveld Complex in South Africa, where mineralised reefs can be traced over multiple kilometres along strike and more than one kilometre down dip.

  • The Porsanger Project comprises 50km[2] of exploration licences in the Karasjok Greenstone Belt, and PGE-copper mineralisation is similar in age to Anglo American’s Sakatti nickel-copper-PGE deposit.

  • Historical drilling of outcropping magmatic sulphide PGE-copper mineralisation returned intersections of up to 43.2 metres at 1.2 g/t PdEq (0.9 g/t Pd, 0.4 g/t Pt, 0.1 % Cu) from 67 metres (PV-01) and 53.0 metres at 1.0 g/t PdEq (0.8 g/t Pd, 0.3 g/t Pt, 0.1 % Cu) from 2.85 metres (PV-02)

  • Additionally, narrow stratigraphically controlled high-grade copper mineralisation over 10 kilometres of strike length has been identified in historical rock sampling (Figure 4).

==> picture [595 x 122] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Fabian Baker, Kingsrose Managing Director, commented “ I am very pleased to announce the acquisition of Element-46 and their green energy metals focused exploration projects. This transaction is a pivotal step in our new discovery focused strategy, where we intend to utilise the proceeds of past production at Way Linggo towards acquiring and discovering exceptional new deposits. ”

Mr Baker continued “ There is no doubt that a green energy transition is fundamental to a low carbon future and is an enormous opportunity for the mining industry. We aim to ensure our projects meet the requirements of that future. Penikat, given its location and world-class grades, stands out for its potential to become a high tech, underground, low surface impact mine delivering critical metals responsibly and within Europe. ”

Andrew Dacey, E-46 Managing Director, added “ This transaction is a positive outcome for E-46 shareholders. Kingsrose is well funded with an experienced team, and our shareholders will benefit from this strong position to advance the E-46 projects and build a significant presence in a highly prospective part of the world. ”

Transaction Summary

Kingsrose has agreed to acquire Element-46 Limited and its 100% mineral exploration rights in respect of the Penikat and Porsanger Projects pursuant to a share sale and purchase agreement (“Sale Agreement”). Under the Sale Agreement, in consideration for the acquisition of 100% of the shares issued in the capital of E-46, Kingsrose has agreed to pay the following consideration to the shareholders of E-46:

  • upfront consideration : a cash payment of £293,750 (or A$536,893[1] ) and the issue of 16,419,167 shares of Kingsrose (“Shares”) representing 2.2% of the pro forma outstanding shares of Kingsrose; and

  • deferred consideration : a cash payment of £451,250 (or A$824,759) and the issue of 31,464,167 Shares, which together with the upfront consideration represents 6.2% of the pro forma outstanding shares of Kingsrose, subject to the occurrence of either of the following events:

  • Kingsrose being granted an exploration licence at the Penikat Project that allows Kingsrose to drill not less than 80% of the drill holes applied for; or

  • the completion of 5,000 metres of drilling at the Porsanger Project.

Completion of the Proposed Transaction is subject to:

  • registration of exploration licence applications in respect of the Penikat Project in the name of a subsidiary of the Company; and

  • ASX confirming the deferred consideration is equitable and appropriate for the purposes of ASX Listing Rule 6.1 and that the deferred consideration can be issued after the required period following the date of any approval or ratification for the purposes of ASX Listing Rules 7.4 and 10.11.

Kingsrose directors Fabian Baker and Tim Coughlin hold 0.9% and 10.8% of the shares of E-46 respectively, therefore Kingsrose will seek shareholder approval for the issue of new Shares to each of them at the Company’s 2021 annual general meeting, which will be held during January 2022 in

1 Based on £1.00:A$1.82772 by reference to the £:A$ rate specified on www.xe.com at 9.00am GMT on the last practicable date prior to the date of this announcement, being 9 November 2021. All further statements of consideration amounts in A$ are calculated in accordance with this foreign exchange rate.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

accordance with the extended timetable for holding company meetings made available by the Australian Securities and Investments Commission. In the event shareholder approval is not obtained for the issue of Shares to Mr Baker and Dr Coughlin, an equivalent cash amount will be paid to them in consideration for the acquisition of their shares in E-46. Completion of the Proposed Transaction is not subject to the approval of the Company’s shareholders.

Completion will occur on a split basis with completion in respect of the unrelated shareholders expected to occur during December 2021 (“First Completion Date”) and completion in respect of the related shareholders to occur following the Company’s 2021 annual general meeting (“Second Completion Date”) which is intended to be held during January 2022.

Additionally, among other customary restrictions to operate E-46 in the normal course of business during the interim period up to the First Completion Date, E-46 has committed to maintain a cash balance of at least £130,000 (A$237,604).

Overview of the Projects

Penikat Project, Finland

Penikat is located in southwestern Lapland, Finland, 15 kilometres east of the operating Kemi chrome mine. The project comprises a 36.87 square kilometre exploration reservation (“Penikat Reservation”), which is 100% held by Andrew Dacey, director of E-46. Three new exploration licence applications will be submitted before 14 November 2021 for areas within the Penikat Reservation (“Applications”) by Kingsrose Exploration Oy, a wholly owned Finnish subsidiary of Kingsrose. An additional two exploration reservations (“Keski-Penikat Reservations”) have been claimed by Kingsrose Exploration Oy immediately north of the Penikat Reservation, securing exploration rights over an additional eight kilometres strike length (10.6 square kilometres) of the Penikat intrusion.

The target area is overlain by a Natura 2000 and Mire conservation area, and an environmental impact assessment (“Natura Assessment”) is required to accompany the Applications. A Natura Assessment has been prepared by specialist consultancy Golder Associates for one of the three Applications to be submitted during 2021. The Company intends to complete Natura Assessments for the remaining two Applications during the summer of 2022 following completion of detailed habitat and protected species surveys. The Company anticipates approval of the Applications will take 12 to 24 months from submission of the Natura Assessments. Once approved, the exploration licences will be valid for four years and extendable for a total of 15 years, granting extensive exploration drilling rights. Several precedents exist for exploration licence approval and operating within Natura 2000 areas, incl. Anglo American’s Sakatti project. The Company will implement best-practice measures to mitigate exploration impact on local habitats, flora and fauna. See Appendix 3 for further details on the process to approval of the Applications.

Penikat is a magmatic reef-style PGE-Ni-Cu deposit, hosted by the early Proterozoic age Penikat intrusion, one of at least 20 intrusions that form the 300 kilometre-long Tornio-Näränkävaara Belt of intrusions within the Fennoscandian Shield. Penikat is a fault-bounded, 23 kilometre long by 1-3.5 kilometre wide and at least three kilometre thick mafic-ultramafic layered intrusion, dipping at 40 – 70° to the northwest. The intrusion contains three main mineralised reefs termed the Sompujärvi (SJ), Alu-Penikka (AP), and Paasivaara (PV) reefs. The intrusion and its mineralised layers formed due to magmatic processes similar to the South African Bushveld Complex, the world’s leading source of Platinum Group Elements, and the similar-scale Stillwater Complex, Montana, USA. The Penikat reefs outcrop along the entire 23-kilometre

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

intrusion exposure, whereas most mines within the Bushveld Complex are now operating at depths in excess of 500 metres.

The PGE mineralised layers were discovered during 1981 by Outokumpu Oy, who undertook extensive field mapping, geophysics, and diamond drilling of the shallow part of the intrusion. This work was accompanied by academic research and extensive petrographic and mineralogical study of the PGE speciation and associations. Foreign historic resource estimations (non-JORC compliant) were undertaken for localised parts of the intrusion. The intrusion was also briefly explored, and diamond drilled by Gold Fields during 2003.

The Geological Survey of Finland (“GTK”) database includes 95 historic diamond drill holes for 4,157.63 metres within the Penikat and Keski-Penikat Reservations. The historic drilling was completed along a significant strike length of each reef to shallow depth, averaging 43 metres with a maximum of 298 metres. This drilling and surface sampling consistently located the target reef horizons and confirmed their highgrade PGE and associated base metal mineralisation (refer to Figures 2 and 3, and Appendix 2).

Assay data from 68 historical diamond drillholes from the Penikat Reservation, after applying a 2.5 g/t Pd + Pt + Au cut-off to mineralised intervals, indicate mean Pd + Pt + Au grades of 6.0 g/t (AP Reef), 7.6 g/t (PV Reef) and 11.2 g/t (SJ Reef). Nickel and copper were sporadically sampled for and were not included in these calculations yet are known to be present in addition to these Pd + Pt + Au grades. These grades are comparable to or above those currently mined within other intrusions (Bushveld Complex, Great Dyke, Stillwater Complex).

Kingsrose considers the down dip exploration potential to be excellent based on the consistent nature of the shallowly defined mineralisation, and analogies to the Bushveld Complex in South Africa where the mineralised reefs are narrow (1-2 metres thick), consistently mineralised tabular layers which extend over several hundred kilometres of strike with down dip extent in excess of five kilometres.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

==> picture [454 x 437] intentionally omitted <==

FIGURE 1: Location of the Penikat Project and Porsanger Project within Scandinavia.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

==> picture [383 x 541] intentionally omitted <==

FIGURE 2: Penikat Reservation and applications, geology, historic drill collars overlain by Natura 2000 area.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

==> picture [383 x 541] intentionally omitted <==

FIGURE 3: Thematic historic surface samples showing PdEq distribution and select highlight drill intercepts, overlain on geology, Penikat Project.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Porsanger Project, Norway

The Porsanger Project is located immediately south of Lakselv town, Finnmark province, northern Norway, and comprises five contiguous 10 square kilometre exploration licences totalling 50 square kilometres (Figure 4). The exploration licences are 100% held by E-46. Initial expiry is in December 2025 with provision for extension.

Porsanger is within the Early Proterozoic Karasjok Greenstone Belt, a north-south trending unit approximately 150 kilometres long and an extension of the Lapland Greenstone Belt. The belts host numerous significant Ni-Cu-PGE, sedimentary copper, and gold deposits in the region, including the recently discovered Sakatti Ni-Cu-PGE project (Anglo American plc) and Ikkari gold project (Rupert Resources Limited).

Two magmatic feeder conduit-style mafic-ultramafic intrusions are present within the project area. The Porsvann and Karenhaugen intrusions are located within the west and east of the area. Both intrusions contain disseminated sulphide (pyrrhotite, chalcopyrite, pentlandite) with associated Pd, Pt, and Cu mineralisation. Surface outcrops are locally stained by malachite. Previous field mapping indicates that the mineralisation is concentrated towards the base of the intrusions and locally within the footwall. The best drill intersection is 43 metres at 1.2 g/t PdEq, including 15.2 metres at 2.1 g/t PdEq. Copper grades range between 0.01 – 0.5 %, this indicates that sulphur saturation was achieved and that the sulphide liquid interacted with a large enough magma volume to enable upgrade of the PGE content. Historic diamond drilling returned the following significant intercepts from the Porsvann prospect (Table 1 and Figure 5):

TABLE 1: Significant intercepts from historic drilling at the Porsvann Prospect

Significant intercepts from the 1993 NGU drilling program at Porsvann
Hole ID
From (m)
To (m)
Interval (m)
PdEq (g/t)
Pt (g/t)
Pd (g/t)
Cu (%)
PV-01
67.0
110.2
43.2
1.2
0.4
0.9
0.1
PV-02
2.9
55.8
53.0
1.0
0.3
0.8
0.1
PV-03
58.0
62.0
4.0
0.7
0.2
0.6
0.0
PV-04
16.0
90.9
74.9
0.9
0.2
0.7
0.1
Notes:

  1. Figures rounded to 1 decimal place

  2. Intervals reported using a 0.5 g/t PdEq cut-off

  3. Palladium Equivalent g/t (PdEq) = (Pd price (g) x Pd grade) + Pt price (g) x Pt grade) + (Au price (g) x Au grade) + ((Cu price x Cu grade)/100) + ((Ni price x Ni grade)/100) / Pd price. Metal recoveries of 100 % were applied in the PdEq calculations. PdEq was calculated using assumed metal prices of $1900/oz Pd, $1050/oz Pt, $1800/oz Au, $8000/t Cu and $18000/t Ni

Copper-dominant mineralisation also occurs more extensively across the property in the form of en echelon and tensional quartz vein arrays hosted by amphibolite and mica schist. Individual vein zones are localised into <30 metre by <2 metre lenticular bodies. These frequently occur along a ten-kilometre-long zone of intermittent mineralisation (Figure 4). The vein mineralogy is quartz with massive to semi massive intergrowths of chalcopyrite and bornite. Individual veins are typically <30cm thick.

The primary target at Porsanger is massive sulphide PGE-Ni-Cu deposits located at the basal contacts of the Porsvann and Karenhaugen magmatic conduit intrusions. Subject to local approvals, Kingsrose intends to conduct a ground-based electromagnetic geophysical survey to locate conductive bodies, which will require drill testing to assess whether the conductors are related to massive sulphide polymetallic PGENi-Cu mineralisation.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

==> picture [452 x 325] intentionally omitted <==

FIGURE 4: Porsanger exploration licences, geology and historical drill collars and thematic historical rock chip samples attributed by copper grade.

==> picture [448 x 161] intentionally omitted <==

FIGURE 5: Cross section through the Porsvann prospect showing historical drill intercepts.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

-ENDS-

This announcement has been authorised for release to the ASX by the Board.

For further information regarding the Company and its projects please visit www.kingsrosemining.com

For more information please contact:

Fabian Baker

Managing Director +61 8 9389 4494 [email protected]

About Kingsrose Mining Limited

Kingrose Mining Limited is an ASX-listed mineral exploration company. The Company ceased production at its Way Linggo and Talang Santo mines in Indonesia, having produced over 200koz gold and 1.5MOz silver during their operation, and is currently conducting regional exploration around the existing mine site. In 2021 the Company commenced a new discovery-focused strategy, targeting the acquisition and exploration of new mineral deposits.

Forward-looking statements

This announcement includes forward-looking statements, incl. forward looking statements relating to the future operation of the Company and E-46. These forward-looking statements are based on the Company’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement to reflect the circumstances or events after the date of this announcement.

You are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and the significant volatility, uncertainty and disruption caused by COVID19.

Competent person’s statement

Richard Hornsey, a competent person, consultant to Kingsrose and Member of the Society of Economic Geologists, South African Institute of Mining and Metallurgy, and a Fellow of the Geological Society of South Africa, confirms the information in this market announcement that relates to the exploration results in respect of the Penikat Project and the Porsanger Project and the styles of mineralisation described are accurate representations of the available data and studies for the Penikat Project and the Porsanger Project provided to Kingsrose by E-46. Richard Hornsey has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity being undertaken to qualify as a competent person for the reporting of exploration results in accordance with the JORC Code.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Richard Hornsey consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Appendices

  1. JORC Code Table 1 for the Penikat Project and Porsanger Project

  2. Historical drill data

  3. Further information relevant to the Deferred Consideration

  4. Pro forma issued capital

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Appendix 1 – JORC Code Table 1 for the Penikat Project and Porsanger Project

Penikat Project, Finland

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary
Sampling
techniques		 •Nature and quality of sampling (eg cut channels,
random chips, or specific industry standard
measurement tools appropriate to the minerals
under investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc). These
examples should not be taken as limiting the broad
meaning of sampling.
•Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or systems
used.
•Aspects of the determination of mineralization 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 1m samples
from which 3kg was pulverised to produce a 30g
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 results are based on historic work
completed by Outokumpu Oy between 1983 and
1987 and were not completed under the
supervision of the CP.
•Core diamond drilling was completed using BQ,
AQ and Winkie diameter drill core
•Drill core is archived by the Geological Survey of
Finland (GTK) and select intervals were observed
and sampled by Kingsrose during due diligence.
Results of this work are pending at the time of
writing.
•The GTK also holds a digital archive of drill logs,
maps, reports, and sections which Kingsrose has
reviewed as part of its due diligence.
•The historic drill core was logged and sampled by
Outokumpu Oy, incl. hard copy geological logging,
determination of sample intervals based on
lithology and sulphide content.
•Kingsrose has resampled the historic drill core to
verify the historic results reported by Outokumpu
Oy and the results are pending at the time of
writing.
•Historic rock chip sampling was not completed
under the supervision of the CP. Details of the
sampling techniques are not known.
Drilling
techniques		 •Drill type (eg core, reverse circulation, open-hole
hammer, rotary air blast, auger, Bangka, sonic,
etc) and details (eg core diameter, triple or
standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is oriented
and if so, by what method, etc).		 •Historic drilling by Outukumpo Oy was BQ, AQ and
Winkie diameter core drilling.
•Drill core was not orientated.
Drill sample
recovery		 •Method of recording and assessing core and chip
sample recoveries and results assessed.
•Measures taken to maximise sample recovery and
ensure representative nature of the samples.
•Whether a relationship exists between sample
recovery and grade and whether sample bias may
have occurred due to preferential loss/gain of
fine/coarse material.		 •Historic drill recoveries were not recorded
•Observations on historic drill core during
Kingsrose’s due diligence work indicates that the
drill core is very competent, and recoveries were
generally above 95%. However not all mineralised
intervals have been observed by Kingsrose and
further re-logging of historic drill core is required.
•The relationship between sample recovery and
grade has not been assessed as there is no
historic drill core recovery data.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Criteria JORC Code explanation Commentary
Logging •Whether core and chip samples have been
geologically and geotechnically logged to a level of
detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical
studies.
•Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.
•The total length and percentage of the relevant
intersections logged.		 •Drill core samples were previously logged to a
basic level of geological detail
•Future drilling will be required to obtain the level of
detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical
studies.
•Historic logging was qualitative.
•There is no photographic record of historic core.
•All historic drill core (100%) was logged by
Outukumpo Oy Oy.
Sub-
sampling
techniques
and sample
preparation		 •If core, whether cut or sawn and whether quarter,
half or all core taken.
•If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry.
•For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
•Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
•Measures taken to ensure that the sampling is
representative of the in situ material collected, incl.
for instance results for field duplicate/second-half
sampling.
•Whether sample sizes are appropriate to the grain
size of the material being sampled.		 •Outokumpu used a mechanical splitter to split the
historic drill core. Splitting the core does not result
in exact halves being produced and may introduce
some uncertainty as to the representivity of the
historic sampling.
•Quality control procedures employed by
Outokumpu Oy are not available.
•No results of duplicate or second-half sampling are
reported by Outokumpu Oy and it is not known if
this was completed historicly.
•Historic sample sizes are considered appropriate
to the grain size of the material 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 instruments, etc, the parameters used in
determining the analysis incl. instrument make and
model, reading times, calibrations factors applied
and their derivation, etc.
•Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(ie lack of bias) and precision have been
established.		 •The details of historic assaying and laboratory
procedures are not known.
•Quality control procedures employed by
Outokumpu Oy are not known and it is not possible
to determine the levels of accuracy and precision
for historic assays reported.
•Verification sampling by Kingsrose is required to
ascertain the reliability of historic assays.
Verification
of sampling
and
assaying		 •The verification of significant intersections by either
independent or alternative company personnel.
•The use of twinned holes.
•Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
•Discuss any adjustment to assay data.		 •Kingsrose has collected 95 samples from quarter
cut and half cut historic drill core to begin the
process of verifying historic drill results. Results of
this work are pending at the time of writing.
Location of
data points		 •Accuracy and quality of surveys used to locate drill
holes (collar and down-hole surveys), trenches,		 •Data points were located in the field by Outukumpo
Oy and their procedures are not known.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Criteria JORC Code explanation Commentary
mine workings and other locations used in Mineral
Resource estimation.
•Specification of the grid system used.
•Quality and adequacy of topographic control.		 •Kingsrose has identified historic drill collars in the
field and recorded their position using hand held
GPS to an accuracy of +/- 10 metres. This has
confirmed the position relative to historic maps and
drill collar records.
•The Finnish “ETRS-TM35FIN” transverse Mercator
grid system is used for Penikat.
•Publicly available LIDAR derived topographic data
is used for topographic control which is adequate
for the early stage of exploration.
Data
spacing and
distribution		 •Data spacing for reporting of Exploration Results.
•Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
•Whether sample compositing has been applied.		 •Historic drill holes were located 20 to 150 m apart.
•No Mineral Resource or Ore Reserve estimations
are being reported.
Orientation
of data in
relation to
geological
structure		 •Whether the orientation of sampling achieves
unbiased sampling of possible structures and the
extent to which this is known, considering the
deposit type.
•If the relationship between the drilling orientation
and the orientation of key mineralised structures is
considered to have introduced a sampling bias,
this should be assessed and reported if material.		 •Historic drilling was angled perpendicular to the
mapped mineralisation at surface to achieve
unbiased sampling.
•Localised deviations in the dip and strike of
mineralisation may cause overestimation of true
thicknesses given the early stage of exploration,
and future drilling is required to better understand
the morphology of the deposit.
Sample
security		 •The measures taken to ensure sample security. •Outokumpu Oy’s procedures to ensure sample
security are not known.
Audits or
reviews		 •The results of any audits or reviews of sampling
techniques and data.		 •There have been no audits of sampling techniques
and data.

Section 2 Reporting of Exploration Results

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status		 •Type, reference name/number, location and
ownership incl. agreements or material issues
with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historic sites, wilderness or national
park and environmental settings.
•The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.		 •Penikat is covered by an Exploration Reservation
of 36.87 km2with authorisation number
VA2019:0083. The Penikat Exploration
Reservation expires on 14thNovember 2021.
•The Exploration Reservation is held 100% by
Andrew Dacey a director of Element-46 Ltd.
•The Penikat Exploration Reservation covers part
of the Martimoaapa-Lumiaapa-Penikat Natura
2000 conservation area. An environmental
assessment is required to support the application
for an Exploration Licence.
•There are nine archaeological sites in the
reservation area and all of them are protected by
the Act on Archaeological Remains.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Criteria JORC Code explanation Commentary
•A stream in the centre of the Exploration
Reservation is protected by the Water Act, which
mandates that a permit would be required if there
were to be any change in the state, depth, water
level or flow, shore, or aquatic environment of the
water body or the quality or quantity of
groundwater.
•A royalty of 1% is payable to Andrew Dacey.
•Two additional Exploration Reservation
applications have been submitted to the north of
the Penikat Exploration Reservation, and a
decision from TUKES is pending.
Exploration
done by other
parties		 •Acknowledgment and appraisal of exploration by
other parties.		 •Penikat was discovered in 1981 by Outokumpu
Oy, who drilled 89 holes for 3,593.48 meters on
the Penikat Exploration Reservation and mapped
the deposit in detail.
•Arctic Platinum Partnership Ay held claims over
the area between 2000-2003. It is not known
what exploration was conducted in this period.
•Gold Fields Arctic Platinum Oy drilled six holes
for 564.15 meters on the PV reef in 2007.
•The GTK holds regional airborne geophysical
data for the region
•The drilling results reported herein are solely
those derived from historic reports and drilling
completed by Outukumpo Oy and Gold Fields.
The data has been sourced from publicly
available documentation available at the GTK.
Geology •Deposit type, geological setting and style of
mineralisation.		 •Penikat is a mafic-ultramafic intrusion hosted
PGE-nickel-copper deposit.
•The Penikat intrusion is 23 km long and 1-3km
wide in outcrop. The intrusion is not fully
preserved due to erosion of its upper part prior to
deposition of the overlying sedimentary units, but
is at least 3,000 m thick. Penikat is part of the
larger 300km long Tornio-Näränkävaara belt
which contains >20 mafic-ultramafic intrusions.
•The Penikat intrusion has been divided into five
layered megacylic units (MCU-I to MCU-V),
composed of alternating sequences of bronzite,
pyroxenite, gabbronorite, gabbro and anorthosite
cumulates.
•Mineralisation occurs in three sub-parallel reefs,
all of which are hosted in MCU-IV and are each
spatially and temporally related to compositional
reversals.
•Within the Penikat Exploration Reservation, the
mineralised reefs each strike over 4 km, and are
typically 0.5 to 1.5 metres thick, composed
primarily of disseminated sulphide type PGE
mineralisation hosted in websterite, gabbronorite
and anorthosite. Chromite and silicate type PGE
mineralisation is also observed.
•The reefs are termed, from the lowermost to
uppermost, as the SJ,APandPV reefs. The SJ

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Criteria JORC Code explanation Commentary
and AP reefs are typically 450 metres apart, and
the AP and PV reefs are typically 850 metres
apart. Locally the reefs may pinch and swell, with
the AP reef recording >20 metre thickness over
<100 metres strike at the colloquially termed ‘AP
Pothole’ structure.
Drill hole
Information		 •A summary of all information material to the
understanding of the exploration results incl. a
tabulation of the following information for all
Material drill holes:
-easting and northing of the drill hole collar
-elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole
collar
-dip and azimuth of the hole
-down hole length and interception depth
-hole length.
•If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the
case.		 •See Appendix 2 for tabulated historic drill data
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.
•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.		 •Significant intercepts from historic drill holes are
reported as weighted averages.
•Significant intercepts are reported using a lower
cut off of 2.5 g/t Pt+Pd
• Palladium Equivalent g/t (PdEq) = (Pd price (g) x
Pd grade) + Pt price (g) x Pt grade) + (Au price
(g) x Au grade) + ((Cu price x Cu grade)/100) +
((Ni price x Ni grade)/100) / Pd price. Metal
recoveries of 100 % were applied in the PdEq
calculations. PdEq was calculated using
assumed metal prices of $1900/oz Pd, $1050/oz
Pt, $1800/oz Au, $8000/t Cu and $18000/t Ni
Relationship
between
mineralisation
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’).		 •All intercepts are reported as downhole lengths.
True widths are not known.
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.		 •Maps and sections are provided in the body of
the report.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Criteria JORC Code explanation Commentary
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.		 •Assay results for all known historic holes are
presented in the appendices. Where assays are
not available, historic significant intercepts have
been used. All data is sourced from the GTK.
•Collar locations are presented in the appendices.
Other
substantive
exploration
data		 •Other exploration data, if meaningful and
material, should be reported incl. (but not limited
to): geological observations; geophysical survey
results; geochemical survey results; bulk samples
– size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or
contaminating substances.		 •No other substantive exploration data.
Further work •The nature and scale of planned further work (eg
tests for lateral extensions or depth extensions or
large-scale step-out drilling).
•Diagrams clearly highlighting the areas of
possible extensions, incl. the main geological
interpretations and future drilling areas, provided
this information is not commercially sensitive.		 •Further work will include large scale step-out
drilling of approximately 10,000 to 15,000 meters,
to explore the down-dip and lateral extents of the
mineralised reefs defined at shallow levels.
•Step out drilling will be completed at a typical
spacing of between 250 and 500 metres between
sample points.
•Step-out drilling will be accompanied by bench
scale metallurgical testing to characterise the
mineralogy and PGM deportment (i.e silicate,
chromite or sulphide hosted).

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Porsanger Project, Norway

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

Criteria JORC Code explanation Commentary
Sampling
techniques		 •Nature and quality of sampling (eg cut channels,
random chips, or specific industry standard
measurement tools appropriate to the minerals
under investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc). These
examples should not be taken as limiting the broad
meaning of sampling.
•Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or systems
used.
•Aspects of the determination of mineralization 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 1m samples
from which 3kg was pulverised to produce a 30g
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 results are based on historic work
completed by Porsanger malmfelter in 1939 and
the NGU in 1992, which was not completed under
the supervision of the CP.
•Historic rock chip sampling was not completed
under the supervision of the CP. Details of the
sampling techniques are not known.
•Core diamond drilling was completed using BQ
and AQ diameter drill core
•Drill core is archived by the Geological Survey of
Norway (NGU) and select intervals were observed
by Kingsrose during due diligence.
•The NGU also holds a digital archive of drill logs,
maps, reports and sections which Kingsrose has
reviewed as part of its due diligence.
•The historic drill core was logged and sampled by
the previous/historic operators, incl. hard copy
geological logging and determination of sample
intervals based on lithology and sulphide content.
•The details of sample selection and sample
preparation are not known due to the historic
nature of the work completed and lack of detailed
records describing the protocols employed.
Drilling
techniques		 •Drill type (eg core, reverse circulation, open-hole
hammer, rotary air blast, auger, Bangka, sonic,
etc) and details (eg core diameter, triple or
standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is oriented
and if so, by what method, etc).		 •Historic drilling was BQ and AQ diameter core
drilling.
•Drill core was not orientated.
Drill sample
recovery		 •Method of recording and assessing core and chip
sample recoveries and results assessed.
•Measures taken to maximise sample recovery and
ensure representative nature of the samples.
•Whether a relationship exists between sample
recovery and grade and whether sample bias may
have occurred due to preferential loss/gain of
fine/coarse material.		 •Historic drill recoveries were not recorded
•Observation of historic drill core during Kingsrose’s
due diligence work indicates that the drill core is
very competent and recoveries were generally
above 95%. However not all mineralised intervals
have been observed by Kingsrose and further re-
logging of historic drill core is required.
•The relationship between sample recovery and
grade has not been assessed as there is no
historic drill core recovery data.
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.		 •Drill core samples were previously logged to a
basic level of geological detail
•
Future drilling will be required to obtain a level of
detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical
studies.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Criteria JORC Code explanation Commentary
•
Whether logging is qualitative or quantitative in
nature.
Core
(or
costean,
channel,
etc)
photography.
•
The total length and percentage of the relevant
intersections logged.		 •
Historic logging was qualitative.
•
There is no photographic record of historic core.
•
All historic drill core (100%) was 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 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, incl.
for instance results for field duplicate/second-half
sampling.
•Whether sample sizes are appropriate to the grain
size of the material being sampled.		 •A mechanical splitter was used to split the historic
drill core. Splitting the core does not result in exact
halves being produced and may introduce some
uncertainty as to the representivity of the historic
sampling.
•Historic quality control procedures are not known
to Kingsrose.
•No results of historic duplicate or second-half
sampling are reported and it is not known if this
was completed.
•Historic sample sizes are considered appropriate
to the grain size of the material 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 instruments, etc, the parameters used in
determining the analysis incl. instrument make and
model, reading times, calibrations factors applied
and their derivation, etc.
•Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(ie lack of bias) and precision have been
established.		 •The details of historic assaying and laboratory
procedures are not known.
•Quality control procedures employed for the
historic drill samples are not known and it is not
possible to determine the levels of accuracy and
precision for historic assays reported.
•Verification sampling by Kingsrose is required to
ascertain the reliability of historic assays.
Verification
of sampling
and
assaying		 •The verification of significant intersections by either
independent or alternative company personnel.
•The use of twinned holes.
•Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
•Discuss any adjustment to assay data.		 •Kingsrose has visually confirmed mineralisation in
drill core. Follow up re-sampling of historic drill
core intervals is planned.
•There are no twin holes
•Historic drill data entry was by manual hard copy.
These historic records have been digitally scanned
by the NGU and partially digitised.
Location of
data points		 •Accuracy and quality of surveys used to locate drill
holes (collar and down-hole surveys), trenches,
mine workings and other locations used in Mineral
Resource estimation.
•Specification of the grid system used.
•Quality and adequacy of topographic control.		 •Historic data point location procedures are not
known.
•Kingsrose has identified historic drill collars in the
field and recorded their position using hand held
GPS to an accuracy of +/- 10 metres. This has
confirmed the position relative to historic maps and
drill collar records.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Criteria JORC Code explanation Commentary
•The grid system used is “UTM WGS 84 Zone 35
Northern Hemisphere”.
•Publicly available topographic maps give adequate
support for exploration activities.
Data
spacing and
distribution		 •Data spacing for reporting of Exploration Results.
•Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
•Whether sample compositing has been applied.		 •Historic drill holes were located 50 to 75 m apart.
•No Mineral Resource or Ore Reserve estimations
are being reported.
Orientation
of data in
relation to
geological
structure		 •Whether the orientation of sampling achieves
unbiased sampling of possible structures and the
extent to which this is known, considering the
deposit type.
•If the relationship between the drilling orientation
and the orientation of key mineralised structures is
considered to have introduced a sampling bias,
this should be assessed and reported if material.		 •Historic drilling was angled perpendicular to the
mapped mineralisation at surface in order to
achieve unbiased sampling.
•Localised deviations in the dip and strike of
mineralisation may cause overestimation of true
thicknesses given the early stage of exploration,
and future drilling is required to better understand
the morphology of the deposit.
Sample
security		 •The measures taken to ensure sample security. •Historic procedures to ensure sample security are
not known.
Audits or
reviews		 •The results of any audits or reviews of sampling
techniques and data.		 •There have been no audits of sampling techniques
and data.

Section 2 Reporting of Exploration Results

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status		 •Type, reference name/number, location and
ownership incl. agreements or material issues
with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.
•The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.		 •Porsanger comprises five contiguous exploration
licences. Each licence is 10km2 for a total of 50
km2.
•The Exploration Licences were granted on 24th
July 2019 and are valid until July 2025 with the
following licence numbers: 0165/2019,
0166/2019, 0167/2019, 0168/2019 and
0169/2019
•The Exploration Licences are 100% held by
Element-46 Ltd.
•The Porsanger project partially overlies a
protected drinking water catchment area under
the Lakslev municipal master plan which will
require approval of the municipal council to
permit exploration drilling.
Exploration
done by other
parties		 •Acknowledgment and appraisal of exploration by
other parties.		 •Copper mineralisation was discovered at
Porsanger in the early 1900s resulting in small
scale near surface mining which produced
approximately 110kt of mineralised material.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Criteria JORC Code explanation Commentary
•In the 1980s BP Norsk Hydro investigated the
gold potential of the copper occurrences through
mapping and rock chip sampling.
•At Porsvann prospect, in 1992 four holes for
357.45 meters were drilled by the NGU targeting
PGE mineralisation
•At Karenhaugen prospect, in 1939 eight holes
totalling 531 meters were drilled to test copper-
nickel mineralisation at surface. In 1993, the
NGU drilled five holes shallow holes. Depths are
unknown at the time of writing.
•Between 2001 and 2003, the Porsvann and
Karenhaugen projects were explored by Tertiary
Minerals plc. No drilling was completed.
Geology •Deposit type, geological setting and style of
mineralisation.		 •Porsanger is located in the Early Proterozoic
Karasjok Greenstone Belt in northern Norway,
which is composed of strongly deformed gneiss,
amphibolite, mica-schist, metabasalt and mafic-
ultramafic intrusions (gabbro, pyroxenite and
peridotite).
•Two mafic-ultramafic intrusions have been
identified at the Porsvann prospect in the west
and the Karenhaugen prospect in the east. Both
intrusions contain disseminated sulphide
(pyrrhotite, chalcopyrite, pentlandite) with
associated palladium, platinum, and copper
mineralisation. Surface outcrops are locally
stained with malachite.
•Copper-only mineralisation also occurs more
extensively across the property in the form of en
echelon and tensional quartz vein arrays hosted
in amphibolite and mica schist. Individual vein
zones are localised to <30 m by <2m lenticular
bodies. These are observed frequently along a
10 km long zone of intermittent mineralisation.
The veins are composed of quartz with massive
to semi massive intergrowths of chalcopyrite and
bornite. Individual veins are typically <30cm thick.
Drill hole
Information		 •A summary of all information material to the
understanding of the exploration results incl. a
tabulation of the following information for all
Material drill holes:
-
easting and northing of the drill hole collar
-
elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole
collar
-
dip and azimuth of the hole
-
down hole length and interception depth
-
hole length.
•If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent		 •See Appendix 2 for tabulated historic drill data

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Criteria JORC Code explanation Commentary
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.
•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.		 •Significant intercepts from historic drill holes are
reported as weighted averages.
•Significant intercepts were truncated using a
lower cut-off of 0.5 g/t Pt+Pd. No cutting of high-
grades was applied.
• Palladium Equivalent g/t (PdEq) = (Pd price (g) x
Pd grade) + Pt price (g) x Pt grade) + (Au price
(g) x Au grade) + ((Cu price x Cu grade)/100) +
((Ni price x Ni grade)/100) / Pd price. Metal
recoveries of 100 % were applied in the PdEq
calculations. PdEq was calculated using
assumed metal prices of $1900/oz Pd, $1050/oz
Pt, $1800/oz Au, $8000/t Cu and $18000/t Ni
Relationship
between
mineralisation
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’).		 •All intercepts are reported as downhole lengths.
True widths are not known.
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.		 •Maps and sections are provided in the body of
the report.
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.		 •Assay results for all known historic holes are
presented in the appendices.
•Collar locations are presented in the appendices.
Other
substantive
exploration
data		 •Other exploration data, if meaningful and
material, should be reported incl. (but not limited
to): geological observations; geophysical survey
results; geochemical survey results; bulk samples
– size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or
contaminating substances.		 •No other substantive exploration data.
Further work •The nature and scale of planned further work (eg
tests for lateral extensions or depth extensions or
large-scale step-out drilling).
•Diagrams clearly highlighting the areas of
possible extensions, incl. the main geological
interpretations and future drilling areas, provided
this information is not commercially sensitive.		 •Further work should include ground based
electromagnetic surveys over the known intrusive
bodies to explore the potential for buried massive
sulphide deposits.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Appendix 2 – Historical drill data

Penikat Historical Drill Collar Data

DDH_ID Company Year Easting Northing RL (m) Azimuth
Dip		 EOH (m)
SI/KI-16 Outokumpu OY 1983 408691 7301099 115 90 -45 167.33
SI/KI-17 Outokumpu OY 1983 408707 7301699 130 90 -45 155.64
SI/KI-18 Outokumpu OY 1983 407310 7300015 60 90 -55 57.6
SI/KI-19 Outokumpu OY 1983 407389 7300258 72 90 -55 69.3
SI/KI-20 Outokumpu OY 1982 407509 7300430 85 90 -56 233.3
SI/KI-21 Outokumpu OY 1982 407147 7300574 59 100 -54 298.5
SI/KI-32 Outokumpu OY 1983 408827 7301085 124 284 -45 25.5
SI/KI-33 Outokumpu OY 1983 408822 7301088 126 329 -30 42.55
SI/KI-34 Outokumpu OY 1983 408818 7301091 127 114 -45 14.05
SI/KI-35 Outokumpu OY 1983 408795 7301141 130 109 -50 47.2
SI/KI-36 Outokumpu OY 1983 408815 7301123 128 109 -49 22.8
SI/KI-37 Outokumpu OY 1983 408822 7301151 129 90 -55 29.25
SI/KI-38 Outokumpu OY 1983 408824 7301182 132 90 -55 24.1
SI/KI-39 Outokumpu OY 1983 408803 7301113 130 114 -50 42
SI/KI-40 Outokumpu OY 1983 407967 7301534 105 80 -54 48.2
SI/KI-41 Outokumpu OY 1983 407978 7301477 99 80 -52 32.75
SI/KI-42 Outokumpu OY 1983 408011 7301427 96 75 -54 25.5
SI/KI-43 Outokumpu OY 1983 407927 7301400 94 111 -54 44.8
SI/KI-44 Outokumpu OY 1983 407820 7301298 94 111 -54 52.4
SI/KI-45 Outokumpu OY 1983 407786 7301235 93 111 -54 44.4
SI/KI-46 Outokumpu OY 1983 407758 7301156 94 111 -54 38.7
SI/KI-47 Outokumpu OY 1983 407711 7301018 97 111 -55 44.60
SI/KI-48 Outokumpu OY 1983 407669 7300903 105 111 -55 41.70
SI/KI-49 Outokumpu OY 1983 407674 7300833 102 111 -55 24.85
SI/KI-50 Outokumpu OY 1983 407635 7300734 99 111 -54 21.80
SI/KI-51 Outokumpu OY 1983 407605 7300693 96 111 -55 22.90
SI/KI-52 Outokumpu OY 1983 407597 7300670 96 111 -55 21.30
SI/KI-53 Outokumpu OY 1983 407584 7300647 93 111 -55 18.60
SI/KI-54 Outokumpu OY 1983 407554 7300530 88 111 -56 18.45
SI/KI-55 Outokumpu OY 1983 407535 7300506 87 111 -56 23.75
SI/KI-56 Outokumpu OY 1983 407497 7300409 83 111 -55 29.20
SI/KI-57 Outokumpu OY 1983 407473 7300392 83 111 -54 27.25
SI/KI-58 Outokumpu OY 1983 407436 7300356 79 111 -56 41.55
SI/KI-59 Outokumpu OY 1983 407420 7300338 79 111 -56 41.35
SI/KI-60 Outokumpu OY 1983 407420 7300310 77 111 -56 27.30

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Company Year Easting Northing RL (m) Azimuth
Dip		 EOH (m)
SI/KI-61 Outokumpu OY 1983 407398 7300295 76 111 -54 36.15
SI/KI-62 Outokumpu OY 1983 407367 7300251 71 111 -55 44.45
SI/KI-63 Outokumpu OY 1983 407345 7300236 71 111 -55 45.55
SI/KI-86 Outokumpu OY 1984 409916 7307489 135 116 -51 22.15
SI/KI-87 Outokumpu OY 1984 409881 7307305 139 116 -50 29.25
SI/KI-88 Outokumpu OY 1984 409903 7307193 146 116 -50 15.50
SI/KI-89 Outokumpu OY 1984 409880 7307156 146 116 -50 14.95
SI/KI-90 Outokumpu OY 1984 409872 7307120 148 116 -51 6.00
SI/KI-91 Outokumpu OY 1984 409826 7307029 153 116 -50 28.50
SI/KI-92 Outokumpu OY 1984 409746 7306898 154 116 -51 32.85
SI/KI-93 Outokumpu OY 1984 409739 7306742 156 116 -50 10.10
SI/KI-94 Outokumpu OY 1984 409723 7306700 155 116 -50 15.70
SI/KI-95 Outokumpu OY 1984 409687 7306529 151 116 -50 11.30
SI/KI-96 Outokumpu OY 1984 409674 7306474 151 116 -49 11.30
SI/KI-97 Outokumpu OY 1984 409662 7306416 151 116 -50 17.00
SI/KI-98 Outokumpu OY 1984 409643 7306365 149 116 -50 14.00
SI/KI-99 Outokumpu OY 1984 409616 7306328 145 116 -50 8.85
SI/KI-100
Outokumpu OY		 1984 408954 7306079 139 116 -50 36.36
SI/KI-101
Outokumpu OY		 1984 408921 7305949 141 116 -50 36.70
SI/KI-102
Outokumpu OY		 1984 408905 7305923 141 116 -51 35.90
SI/KI-103
Outokumpu OY		 1984 408849 7305812 142 116 -50 36.90
SI/KI-104
Outokumpu OY		 1984 408847 7305769 143 116 -49 43.05
SI/KI-105
Outokumpu OY		 1984 408852 7305687 143 116 -51 29.90
SI/KI-106
Outokumpu OY		 1984 408815 7305616 141 116 -49 25.65
SI/KI-107
Outokumpu OY		 1984 408799 7305313 141 116 -48 14.60
SI/KI-108
Outokumpu OY		 1984 408752 7305251 142 116 -50 23.50
SI/KI-109
Outokumpu OY		 1984 408716 7305185 143 116 -50 36.65
SI/KI-110
Outokumpu OY		 1984 408704 7305152 140 116 -50 32.75
SI/KI-111
Outokumpu OY		 1984 408673 7305044 137 116 -50 24.65
SI/KI-112
Outokumpu OY		 1984 408651 7304989 137 116 -50 38.05
SI/KI-113
Outokumpu OY		 1984 408614 7304901 116 116 -51 33.90
SI/KI-114
Outokumpu OY		 1984 408591 7304849 135 116 -51 31.95
SI/KI-115
Outokumpu OY		 1984 408564 7304803 135 116 -51 44.30
SI/KI-116
Outokumpu OY		 1984 408545 7304699 133 116 -50 38.35
SI/KI-117
Outokumpu OY		 1984 408563 7304660 129 116 -51 17.70
SI/KI-118
Outokumpu OY		 1984 408490 7304527 126 116 -50 39.75
SI/KI-122
Outokumpu OY		 1984 408740 7305128 139 116 -49 8.05
SI/KI-123
Outokumpu OY		 1984 408461 7304465 124 116 -44 43.85
SI/Kl-313
Outokumpu OY		 1987 409089 7300729 83 90 -63 48.40

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Company Year Easting Northing RL (m) Azimuth
Dip		 EOH (m)
SI/Kl-314
Outokumpu OY		 1987 409106 7300778 87 90 -66 33.60
SI/Kl-315
Outokumpu OY		 1987 409114 7300828 85 90 -65 30.40
SI/Kl-316
Outokumpu OY		 1987 409106 7300879 86 90 -63 38.30
SI/Kl-317
Outokumpu OY		 1987 409123 7300928 88 90 -60 34.50
SI/Kl-318
Outokumpu OY		 1987 409087 7300689 81 90 -65 50.70
SI/Kl-319
Outokumpu OY		 1987 409078 7300630 77 90 -65 48.50
SI/Kl-320
Outokumpu OY		 1987 409121 7300978 89 90 -63 35.20
SI/Kl-321
Outokumpu OY		 1987 409098 7301029 91 90 -65 30.60
SI/Kl-322
Outokumpu OY		 1987 409065 7301081 94 90 -64 44.50
SI/Kl-323
Outokumpu OY		 1987 409023 7301233 96 90 -72 37.70
SI/Kl-324
Outokumpu OY		 1987 409074 7301331 99 90 -70 32.40
SI/Kl-325
Outokumpu OY		 1987 409071 7301610 101 90 -62 64.00
SI/Kl-455
Outokumpu OY		 Unknown 408846 7301159 130 90 -51 38.60
SI/Kl-456
Outokumpu OY		 Unknown 408842 7301202 130 90 -50 42.30
SI/Kl-457
Outokumpu OY		 Unknown 408822 7301203 130 90 -50 27.20
PV-1 Goldfields Arctic Platinum 2007 407210 7299936 59 110 -55 60.30
PV-2 Goldfields Arctic Platinum 2007 407277 7299990 61 111 -56 82.45
PV-3 Goldfields Arctic Platinum 2007 407189 7300009 61 111 -55 140.00
PV-4 Goldfields Arctic Platinum 2007 407291 7300078 66 110 -54 75.50
PV-5 Goldfields Arctic Platinum 2007 407337 7300199 70 110 -55 65.40
PV-6 Goldfields Arctic Platinum 2007 407229 7300218 69 111 -56 140.50

Penikat Significant Intercepts Table

Hole ID From To Interval PdEq Pt Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t) (%) (%)
PV-2 56.12 57.12 1.00 3.40 1.65 1.37 0.49 0.18 0.14
PV-3 116.85 117.40 0.55 2.92 1.52 1.52 0.26 0.08 0.07
PV-4 35.65 36.15 0.50 2.44 1.45 1.30 0.12 0.06 0.05
SI/KI-18 30.36 32.13 1.77 4.49 2.53 2.25 0.53 0.06 0.09
incl. 30.86 31.06 0.20 12.49 6.84 6.22 1.65 0.25 0.21
SI/KI-33 0.00 38.60 38.60 4.93 1.01 3.67 0.15 0.23 0.09
incl. 3.26 5.66 2.40 14.64 3.20 10.79 0.54 0.62 0.26
SI/KI-34 0.00 8.78 8.78 10.87 2.39 8.03 0.44 0.43 0.18
incl. 0.00 5.84 5.84 14.05 2.99 10.57 0.47 0.54 0.23
SI/KI-39 17.25 18.02 0.77 10.77 2.80 8.44 0.18 0.29 0.08
and 22.08 37.88 15.80 5.73 1.04 3.69 0.31 0.49 0.18
SI/KI-45 32.02 36.05 4.03 4.62 3.62 1.79 0.15 0.11 0.18
incl. 34.01 34.60 0.59 13.60 9.96 6.14 0.44 0.24 0.42

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Hole ID From To Interval PdEq Pt Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-49 9.92 11.25 1.33 11.94 10.50 4.28 0.96 0.32 0.18
SI/KI-51 10.34 11.95 1.61 11.44 7.22 4.56 1.09 0.94 0.21
SI/KI-63 33.78 35.97 2.19 10.02 6.31 4.49 0.74 0.36 0.29
SI/KI-321
25.22		 28.23 3.01 11.63 5.37 7.72 0.37 0.13 0.14
incl. 25.22 25.92 0.70 27.99 18.92 16.31 0.48 0.15 0.19
SI/KI-16 No from/to data 0.50 0.34 0.20 0.14 0.02 0.01 0.02
SI/KI-17 11.00 11.25 0.25 4.55 1.10 3.68 0.10 0.04 0.04
Sl/Kl-20 2.50 3.44 0.94 4.31 2.49 2.08 0.43 0.34 0.00
SI/KI-32 No from/to data 2.10 6.77 1.98 4.70 0.33 0.26 0.11
SI/KI-35 15.00 20.22 5.22 3.69 0.73 2.57 0.29 0.20 0.06
SI/KI-36 14.50 15.88 1.38 0.81 0.20 0.55 0.10 0.02 0.01
SI/KI-37 25.00 25.73 0.73 3.57 0.60 2.90 0.08 0.09 0.05
SI/KI-38 23.00 28.17 5.17 3.15 0.58 2.42 0.11 0.10 0.06
Sl/Kl-40 26.50 27.86 1.36 0.49 0.01 0.10 0.05 0.01 0.11
Sl/Kl-41 21.50 21.99 0.49 0.63 0.20 0.25 0.00 0.00 0.09
Sl/Kl-42 15.00 17.15 2.15 0.48 0.10 0.24 0.08 0.06 0.01
Sl/Kl-43 37.50 38.95 1.45 0.89 0.60 0.46 0.00 0.01 0.03
Sl/Kl-44 37.10 38.46 1.36 1.31 0.50 0.48 0.04 0.04 0.06 0.04
Sl/Kl-46 32.50 34.07 1.57 0.28 0.00 0.17 0.00 0.02 0.03
Sl/Kl-47 35.00 35.85 0.85 5.63 4.20 1.68 0.38 0.25 0.32
Sl/Kl-48 30.00 30.83 0.83 15.25 3.20 2.92 0.55 0.47 3.20
Sl/Kl-50 7.10 8.07 0.97 0.63 0.30 0.19 0.00 0.03 0.08
Sl/Kl-52 7.00 8.27 1.27 0.64 0.40 0.06 0.16 0.02 0.06
Sl/Kl-53 10.50 11.80 1.30 0.15 0.00 0.08 0.00 0.03 0.01
Sl/Kl-54 8.50 9.05 0.55 1.70 0.67 0.70 0.36 0.06 0.07
Sl/Kl-55 10.90 11.59 0.69 1.06 0.50 0.50 0.14 0.05 0.03
Sl/Kl-56 11.80 13.46 1.66 1.55 0.60 0.65 0.16 0.14 0.08
Sl/Kl-57 14.50 15.77 1.27 0.20 0.00 0.11 0.00 0.02 0.02
Sl/Kl-58 21.00 21.50 0.50 0.74 0.50 0.25 0.00 0.03 0.06
Sl/Kl-59 28.00 28.44 0.44 4.34 1.32 1.95 0.26 0.03 0.45 0.20
Sl/Kl-60 20.50 21.14 0.64 0.32 0.00 0.08 0.00 0.00 0.08
Sl/Kl-61 26.00 27.38 1.38 1.43 0.60 0.55 0.24 0.02 0.10
Sl/Kl-62 28.00 33.41 5.41 3.89 1.88 1.58 0.26 0.04 0.23 0.14
SI/KI-86 19.05 21.35 2.30 5.43 3.14 3.55 0.15 0.00
SI/KI-87 27.50 27.88 0.38 1.70 0.30 1.39 0.03 0.09
SI/KI-88 10.00 14.10 4.10 5.93 2.55 4.15 0.13 0.19
SI/KI-89 9.00 9.30 0.30 26.89 8.44 15.80 0.20 0.79 0.00
SI/KI-90 3.79 4.41 0.62 4.94 1.98 3.49 0.22 0.11 0.00
SI/KI-91 23.45 23.89 0.44 0.53 0.40 0.31 0.00
SI/KI-92 30.42 30.84 0.42 5.84 2.40 4.43 0.09 0.00

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Hole ID From To Interval PdEq Pt Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-93 7.94 9.31 1.37 22.49 7.83 11.28 0.13 0.85 0.04
SI/KI-94 8.55 9.47 0.92 11.36 5.99 7.98 0.06 0.01
SI/KI-95 7.80 8.10 0.30 1.41 0.30 1.12 0.12 0.01 0.00
SI/KI-96 8.30 9.01 0.71 6.02 2.55 4.40 0.10 0.09 0.00
SI/KI-97 13.01 13.58 0.57 19.98 6.40 8.51 0.07 0.96 0.22
SI/KI-98 9.74 10.06 0.32 0.87 0.20 0.72 0.03 0.01 0.00
SI/KI-99 4.39 6.59 2.20 1.67 0.74 1.22 0.03 0.01 0.00
SI/KI-100
29.66		 31.50 1.84 4.94 1.03 3.53 0.05 0.10
SI/KI-101
34.79		 35.50 0.71 2.81 1.25 1.15 0.02 0.12
SI/KI-102
30.96		 31.60 0.64 2.43 0.96 1.17 0.02 0.09
SI/KI-103
34.63		 34.95 0.32 5.41 1.90 2.80 0.06 0.19
SI/KI-105
26.82		 27.18 0.36 19.17 8.84 9.61 0.18 0.57
SI/KI-107
10.61		 11.92 1.31 2.57 1.04 1.19 0.02 0.10
SI/KI-108
20.03		 20.34 0.31 6.12 1.12 4.52 0.12 0.11
SI/KI-109
34.02		 34.38 0.36 62.52 10.60 35.80 0.35 2.60
SI/KI-110
27.80		 28.06 0.26 17.41 5.83 10.90 0.14 0.40
SI/KI-111
21.60		 22.09 0.49 8.55 3.37 4.02 0.07 0.33
SI/KI-112
25.58		 25.82 0.24 2.00 1.10 0.52 0.00 0.11
SI/KI-113
28.64		 29.30 0.66 2.49 0.83 1.38 0.02 0.08
SI/KI-115
41.80		 42.48 0.68 33.28 13.10 15.50 0.21 1.31
SI/KI-116
34.40		 35.36 0.96 3.41 1.55 1.34 0.03 0.15
SI/KI-117
14.17		 14.87 0.70 12.00 5.51 5.17 0.08 0.47
SI/KI-122
4.33		 5.52 1.19 3.82 1.36 1.99 0.06 0.13
SI/KI-123
40.85		 41.22 0.37 2.05 1.10 0.57 0.00 0.11
SI/KI-313
22.57		 24.07 1.50 9.56 5.80 3.50 0.10 0.35
SI/KI-315
22.90		 23.38 0.48 10.64 4.16 5.10 0.00 0.41
SI/KI-316
31.66		 32.02 0.36 4.13 1.90 1.52 0.06 0.19
SI/KI-320
25.83		 27.04 1.21 6.64 1.20 3.17 0.13 0.34
SI/KI-326
10.69		 12.20 1.51 32.66 10.70 18.80 0.30 0.97
SI/KI-456
3.19		 7.20 4.01 1.64 0.66 0.26

Penikat Historical Drill Assay Data

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
PV-1 16.00 16.60 0.60 0.00 0.00 0.00 0.00 0.02
PV-1 16.60 17.75 1.15 0.00 0.00 0.00 0.00 0.02
PV-1 17.75 18.56 0.81 0.00 0.00 0.00 0.00 0.02
PV-1 18.56 19.06 0.50 0.00 0.00 0.00 0.00 0.02
PV-1 19.06 19.56 0.50 0.00 0.00 0.00 0.00 0.03

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
PV-1 19.56 20.06 0.50 0.00 0.02 0.00 0.00 0.03
PV-1 20.06 20.56 0.50 0.06 0.09 0.01 0.00 0.04
PV-1 20.56 21.06 0.50 0.01 0.07 0.00 0.00 0.01
PV-1 21.06 21.56 0.50 0.00 0.01 0.00 0.00 0.01
PV-1 21.56 22.06 0.50 0.00 0.00 0.00 0.00 0.00
PV-1 22.06 22.78 0.72 0.00 0.00 0.00 0.00 0.01
PV-1 22.78 23.78 1.00 0.00 0.00 0.00 0.01 0.01
PV-1 23.78 24.93 1.15 0.00 0.00 0.00 0.00 0.03
PV-1 24.93 26.00 1.07 0.00 0.00 0.00 0.00 0.01
PV-1 26.00 27.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-1 27.00 28.00 1.00 0.00 0.00 0.01 0.00 0.00
PV-1 28.00 29.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-1 29.00 30.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-1 30.00 31.00 1.00 0.00 0.00 0.03 0.01 0.01
PV-1 31.00 32.00 1.00 0.00 0.00 0.00 0.00 0.02
PV-1 32.00 33.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-1 33.00 34.00 1.00 0.00 0.00 0.00 0.00 0.02
PV-1 34.00 35.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-1 35.00 36.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-1 36.00 37.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-1 37.00 38.00 1.00 0.01 0.00 0.00 0.00 0.01
PV-1 38.00 39.00 1.00 0.01 0.01 0.00 0.00 0.01
PV-1 39.00 40.00 1.00 0.00 0.01 0.00 0.00 0.00
PV-1 40.00 41.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-1 49.29 50.35 1.06 0.01 0.09 0.01 0.00 0.00
PV-2 52.00 52.78 0.78 0.00 0.00 0.00 0.00 0.01
PV-2 52.78 53.67 0.89 0.02 0.00 0.01 0.00 0.02
PV-2 53.67 54.17 0.50 0.01 0.00 0.01 0.00 0.02
PV-2 54.17 54.67 0.50 0.03 0.01 0.01 0.00 0.02
PV-2 54.67 55.17 0.50 0.02 0.00 0.00 0.00 0.02
PV-2 55.17 55.62 0.45 0.41 0.33 0.09 0.01 0.06
PV-2 55.62 56.12 0.50 0.29 0.21 0.07 0.03 0.06
PV-2 56.12 56.62 0.50 1.56 1.47 0.30 0.21 0.16
PV-2 56.62 57.12 0.50 1.73 1.27 0.68 0.16 0.13
PV-2 57.12 57.62 0.50 0.81 0.84 0.15 0.07 0.06
PV-2 57.62 58.17 0.55 0.03 0.01 0.00 0.01 0.03
PV-2 58.17 58.67 0.50 0.31 0.21 0.05 0.03 0.03
PV-2 58.67 59.17 0.50 0.59 0.40 0.11 0.04 0.04
PV-2 59.17 60.00 0.83 0.20 0.07 0.03 0.02 0.02
PV-2 60.00 61.00 1.00 0.14 0.06 0.01 0.00 0.02

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
PV-2 61.00 61.70 0.70 0.16 0.11 0.02 0.02 0.01
PV-2 61.70 62.38 0.68 0.09 0.08 0.01 0.00 0.01
PV-2 62.38 63.00 0.62 0.02 0.01 0.01 0.01 0.01
PV-2 63.00 64.00 1.00 0.07 0.06 0.01 0.02 0.01
PV-2 64.00 65.00 1.00 0.00 0.00 0.01 0.00 0.01
PV-2 65.00 66.00 1.00 0.00 0.00 0.00 0.00 0.02
PV-2 66.00 67.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-2 67.00 68.00 1.00 0.00 0.00 0.01 0.00 0.01
PV-2 68.00 69.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-2 69.00 70.00 1.00 0.00 0.00 0.00 0.01 0.01
PV-2 70.00 71.00 1.00 0.00 0.00 0.00 0.01 0.00
PV-2 71.00 72.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-2 72.00 73.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-2 73.00 74.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-2 74.00 75.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-2 75.00 76.00 1.00 0.00 0.00 0.00 0.00 0.00
PV-2 76.00 77.00 1.00 0.00 0.00 0.00 0.00 0.00
PV-2 77.00 78.10 1.10 0.00 0.00 0.01 0.00 0.00
PV-2 78.10 79.23 1.13 0.00 0.00 0.00 0.00 0.01
PV-2 79.23 80.00 0.77 0.00 0.00 0.00 0.01 0.01
PV-2 80.00 81.20 1.20 0.00 0.00 0.00 0.01 0.01
PV-2 81.20 82.45 1.25 0.00 0.00 0.00 0.01 0.01
PV-3 110.47 111.00
0.53		 0.00 0.00 0.00 0.00 0.02
PV-3 111.00 111.50
0.50		 0.00 0.00 0.00 0.00 0.02
PV-3 111.50 112.00
0.50		 0.00 0.00 0.00 0.00 0.02
PV-3 112.00 112.50
0.50		 0.00 0.00 0.01 0.00 0.02
PV-3 112.50 113.00
0.50		 0.00 0.00 0.00 0.00 0.02
PV-3 113.00 113.50
0.50		 0.00 0.00 0.01 0.01 0.01
PV-3 113.50 114.00
0.50		 0.00 0.00 0.00 0.02 0.01
PV-3 114.00 114.50
0.50		 0.00 0.00 0.00 0.02 0.02
PV-3 114.50 115.00
0.50		 0.00 0.00 0.00 0.01 0.02
PV-3 115.00 115.50
0.50		 0.00 0.00 0.00 0.00 0.01
PV-3 115.50 116.00
0.50		 0.00 0.00 0.00 0.00 0.01
PV-3 116.00 116.40
0.40		 0.01 0.00 0.00 0.01 0.02
PV-3 116.40 116.85
0.45		 0.51 0.52 0.07 0.06 0.07
PV-3 116.85 117.40
0.55		 1.52 1.52 0.26 0.08 0.07
PV-3 117.40 117.90
0.50		 0.55 0.54 0.06 0.02 0.05
PV-3 117.90 118.40
0.50		 0.41 1.11 0.08 0.02 0.03
PV-3 118.40 118.90
0.50		 0.12 0.15 0.03 0.01 0.04
PV-3 118.90 119.40
0.50		 0.02 0.04 0.01 0.01 0.03

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
PV-3 119.40 119.90
0.50		 0.09 0.11 0.01 0.01 0.01
PV-3 119.90 120.40
0.50		 0.00 0.00 0.01 0.00 0.01
PV-3 120.40 120.90
0.50		 0.00 0.00 0.01 0.00 0.01
PV-3 120.90 121.40
0.50		 0.00 0.00 0.01 0.01 0.01
PV-3 121.40 121.90
0.50		 0.00 0.00 0.00 0.01 0.02
PV-3 121.90 122.40
0.50		 0.00 0.00 0.00 0.00 0.01
PV-3 122.40 122.90
0.50		 0.00 0.00 0.01 0.01 0.01
PV-3 122.90 123.40
0.50		 0.00 0.00 0.00 0.01 0.01
PV-3 123.40 123.90
0.50		 0.00 0.00 0.01 0.01 0.01
PV-3 123.90 124.40
0.50		 0.00 0.00 0.00 0.01 0.00
PV-3 124.40 124.90
0.50		 0.00 0.00 0.00 0.00 0.00
PV-3 124.90 125.40
0.50		 0.00 0.00 0.00 0.00 0.00
PV-3 125.40 125.90
0.50		 0.00 0.00 0.00 0.00 0.00
PV-3 125.90 126.40
0.50		 0.00 0.00 0.00 0.00 0.00
PV-3 126.40 126.90
0.50		 0.00 0.00 0.00 0.00 0.00
PV-3 126.90 127.60
0.70		 0.00 0.00 0.00 0.01 0.00
PV-3 127.60 128.24
0.64		 0.00 0.00 0.00 0.00 0.00
PV-3 128.24 129.00
0.76		 0.00 0.00 0.00 0.01 0.01
PV-3 129.00 130.00
1.00		 0.00 0.00 0.00 0.00 0.01
PV-3 130.00 131.00
1.00		 0.00 0.00 0.00 0.00 0.01
PV-3 131.00 132.00
1.00		 0.00 0.00 0.00 0.00 0.01
PV-4 32.00 32.79 0.79 0.00 0.00 0.01 0.01 0.01
PV-4 32.79 33.30 0.51 0.00 0.00 0.01 0.01 0.02
PV-4 33.30 33.80 0.50 0.00 0.00 0.00 0.00 0.02
PV-4 33.80 34.30 0.50 0.00 0.00 0.00 0.00 0.02
PV-4 34.30 34.80 0.50 0.34 0.30 0.01 0.00 0.04
PV-4 34.80 35.20 0.40 0.47 0.38 0.01 0.00 0.04
PV-4 35.20 35.65 0.45 0.66 0.50 0.02 0.01 0.05
PV-4 35.65 36.15 0.50 1.45 1.30 0.12 0.06 0.05
PV-4 36.15 36.65 0.50 1.30 1.04 0.10 0.07 0.04
PV-4 36.65 37.15 0.50 0.48 0.37 0.03 0.03 0.01
PV-4 37.15 37.65 0.50 0.07 0.05 0.01 0.01 0.01
PV-4 37.65 38.33 0.68 0.00 0.01 0.02 0.00 0.02
PV-4 38.33 39.00 0.67 0.00 0.00 0.01 0.01 0.01
PV-4 39.00 40.00 1.00 0.00 0.00 0.01 0.01 0.01
PV-5 22.03 22.77 0.74 0.02 0.00 0.00 0.01 0.02
PV-5 22.77 23.27 0.50 0.01 0.00 0.00 0.01 0.02
PV-5 23.27 23.77 0.50 0.00 0.00 0.00 0.01 0.02
PV-5 23.77 24.27 0.50 0.00 0.00 0.00 0.01 0.01
PV-5 24.27 24.77 0.50 0.00 0.00 0.00 0.01 0.01

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
PV-5 24.77 25.27 0.50 0.00 0.00 0.00 0.01 0.02
PV-5 25.27 25.69 0.42 0.00 0.00 0.00 0.00 0.02
PV-5 25.69 26.11 0.42 0.02 0.00 0.00 0.01 0.04
PV-5 26.11 26.69 0.58 0.00 0.00 0.00 0.00 0.00
PV-5 26.69 27.27 0.58 0.01 0.03 0.01 0.01 0.01
PV-5 27.27 27.77 0.50 0.08 0.09 0.01 0.01 0.00
PV-5 27.77 28.27 0.50 0.16 0.26 0.01 0.01 0.01
PV-5 28.27 28.98 0.71 0.10 0.04 0.01 0.01 0.01
PV-5 28.98 30.00 1.02 0.00 0.00 0.01 0.01 0.03
PV-5 30.00 31.00 1.00 0.00 0.00 0.00 0.00 0.03
PV-5 31.00 32.00 1.00 0.04 0.00 0.00 0.00 0.02
PV-5 32.00 33.00 1.00 0.04 0.00 0.00 0.00 0.03
PV-5 33.00 34.00 1.00 0.00 0.00 0.00 0.01 0.02
PV-5 34.00 35.00 1.00 0.00 0.00 0.00 0.01 0.03
PV-5 35.00 36.00 1.00 0.00 0.00 0.00 0.00 0.03
PV-5 36.00 37.00 1.00 0.00 0.00 0.01 0.01 0.03
PV-5 37.00 38.00 1.00 0.00 0.00 0.00 0.00 0.02
PV-5 38.00 39.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-5 39.00 40.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-5 40.00 41.00 1.00 0.01 0.00 0.00 0.00 0.02
PV-5 41.00 42.00 1.00 0.00 0.00 0.00 0.00 0.02
PV-5 42.00 43.00 1.00 0.00 0.00 0.00 0.00 0.02
PV-5 43.00 44.00 1.00 0.00 0.00 0.01 0.01 0.02
PV-5 44.00 45.00 1.00 0.00 0.00 0.01 0.00 0.02
PV-5 45.00 46.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-5 46.00 47.00 1.00 0.00 0.00 0.00 0.00 0.02
PV-5 47.00 48.00 1.00 0.00 0.00 0.00 0.01 0.03
PV-5 48.00 49.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-5 49.00 50.00 1.00 0.00 0.00 0.00 0.00 0.02
PV-6 80.82 81.45 0.63 0.00 0.00 0.00 0.01 0.02
PV-6 81.45 81.95 0.50 0.00 0.00 0.00 0.02 0.01
PV-6 81.95 82.45 0.50 0.00 0.00 0.01 0.00 0.01
PV-6 82.45 82.95 0.50 0.00 0.00 0.01 0.00 0.01
PV-6 82.95 83.45 0.50 0.02 0.01 0.00 0.00 0.02
PV-6 83.45 83.95 0.50 0.05 0.07 0.01 0.00 0.02
PV-6 83.95 84.45 0.50 0.00 0.00 0.00 0.00 0.01
PV-6 84.45 84.95 0.50 0.00 0.00 0.00 0.00 0.01
PV-6 84.95 85.45 0.50 0.00 0.01 0.00 0.00 0.01
PV-6 85.45 85.95 0.50 0.00 0.00 0.00 0.00 0.00
PV-6 85.95 86.68 0.73 0.00 0.00 0.01 0.00 0.00

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
PV-6 86.68 87.20 0.52 0.00 0.00 0.00 0.01 0.02
PV-6 87.20 88.00 0.80 0.00 0.00 0.00 0.00 0.01
PV-6 88.00 89.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-6 89.00 90.00 1.00 0.00 0.00 0.00 0.01 0.01
PV-6 90.00 91.00 1.00 0.00 0.00 0.00 0.01 0.00
PV-6 91.00 92.00 1.00 0.00 0.00 0.03 0.00 0.00
PV-6 92.00 93.00 1.00 0.00 0.00 0.02 0.02 0.01
PV-6 93.00 94.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-6 94.00 95.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-6 95.00 96.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-6 96.00 97.00 1.00 0.00 0.00 0.00 0.00 0.01
PV-6 97.00 98.00 1.00 0.00 0.00 0.01 0.03 0.01
PV-6 98.00 99.00 1.00 0.00 0.00 0.01 0.01 0.01
PV-6 99.00 100.00
1.00		 0.00 0.00 0.00 0.00 0.01
PV-6 100.00 101.00
1.00		 0.00 0.00 0.00 0.00 0.01
PV-6 101.00 102.00
1.00		 0.00 0.00 0.00 0.00 0.01
PV-6 102.00 103.00
1.00		 0.00 0.00 0.00 0.00 0.01
PV-6 103.00 104.00
1.00		 0.00 0.00 0.00 0.00 0.01
PV-6 104.00 105.00
1.00		 0.05 0.02 0.01 0.01 0.02
PV-6 105.00 106.00
1.00		 0.07 0.00 0.01 0.01 0.02
PV-6 106.00 107.00
1.00		 0.01 0.00 0.03 0.01 0.01
PV-6 107.00 108.00
1.00		 0.01 0.00 0.01 0.01 0.01
PV-6 108.00 109.00
1.00		 0.01 0.00 0.01 0.01 0.01
PV-6 109.00 110.00
1.00		 0.05 0.02 0.06 0.01 0.01
PV-6 110.00 111.00
1.00		 0.06 0.07 0.01 0.02 0.01
PV-6 111.00 112.00
1.00		 0.03 0.03 0.01 0.03 0.01
PV-6 112.00 113.00
1.00		 0.02 0.00 0.00 0.00 0.01
PV-6 113.00 114.00
1.00		 0.08 0.06 0.00 0.01 0.00
PV-6 114.00 115.00
1.00		 0.18 0.19 0.00 0.00 0.00
PV-6 115.00 116.00
1.00		 0.01 0.02 0.00 0.00 0.01
SI/KI-18 6.60 6.80 0.20 0.00 0.00 0.00 0.00 0.02
SI/KI-18 13.80 14.80 1.00 0.00 0.00 0.00 0.00 0.02
SI/KI-18 17.50 17.70 0.20 0.00 0.00 0.00 0.00 0.02
SI/KI-18 19.80 20.00 0.20 0.00 0.00 0.00 0.00 0.01
SI/KI-18 22.55 22.75 0.20 0.00 0.00 0.00 0.00 0.03
SI/KI-18 25.50 25.70 0.20 0.00 0.00 0.00 0.00 0.02
SI/KI-18 26.66 27.16 0.50 0.00 0.00 0.00 0.01 0.02
SI/KI-18 27.16 27.66 0.50 0.00 0.00 0.00 0.01 0.02
SI/KI-18 27.66 28.05 0.39 0.00 0.00 0.00 0.00 0.02
SI/KI-18 28.05 28.55 0.50 0.00 0.00 0.00 0.00 0.04

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-18 28.55 29.05 0.50 0.00 0.00 0.00 0.00 0.04
SI/KI-18 29.05 29.55 0.50 0.00 0.00 0.00 0.00 0.04
SI/KI-18 29.55 30.36 0.81 0.00 0.00 0.00 0.00 0.05
SI/KI-18 30.36 30.86 0.50 2.24 2.36 0.68 0.01 0.09
SI/KI-18 30.86 31.06 0.20 6.84 6.22 1.65 0.25 0.21
SI/KI-18 31.06 31.24 0.18 3.48 2.04 0.45 0.08 0.08
SI/KI-18 31.24 31.54 0.30 1.29 1.47 0.14 0.06 0.05
SI/KI-18 31.54 31.76 0.22 2.48 1.88 0.49 0.07 0.10
SI/KI-18 31.76 32.00 0.24 0.92 0.75 0.04 0.03 0.03
SI/KI-18 32.00 32.13 0.13 1.59 1.26 0.15 0.03 0.08
SI/KI-18 32.13 32.26 0.13 0.00 0.08 0.00 0.01 0.03
SI/KI-18 32.26 32.54 0.28 0.00 0.00 0.00 0.00 0.03
SI/KI-18 32.54 32.89 0.35 0.00 0.00 0.00 0.01 0.03
SI/KI-18 32.89 33.30 0.41 0.00 0.00 0.00 0.01 0.02
SI/KI-18 33.30 33.65 0.35 0.00 0.00 0.00 0.01 0.02
SI/KI-18 33.65 34.15 0.50 0.00 0.00 0.00 0.01 0.04
SI/KI-18 34.15 34.65 0.50 0.00 0.00 0.00 0.00 0.02
SI/KI-18 34.65 35.15 0.50 0.00 0.00 0.00 0.00 0.02
SI/KI-18 35.15 35.65 0.50 0.00 0.00 0.00 0.01 0.02
SI/KI-18 35.65 36.15 0.50 0.00 0.00 0.00 0.00 0.02
SI/KI-18 36.15 36.65 0.50 0.00 0.00 0.00 0.01 0.02
SI/KI-18 36.65 37.15 0.50 0.00 0.00 0.00 0.01 0.02
SI/KI-18 37.15 37.65 0.50 0.00 0.00 0.00 0.00 0.03
SI/KI-18 37.65 38.15 0.50 0.00 0.00 0.00 0.00 0.02
SI/KI-18 38.15 38.65 0.50 0.27 0.02 0.00 0.01 0.02
SI/KI-18 38.65 39.15 0.50 0.00 0.00 0.00 0.00 0.02
SI/KI-18 39.15 39.55 0.40 0.00 0.00 0.00 0.00 0.02
SI/KI-18 39.55 40.55 1.00 0.00 0.00 0.00 0.01 0.01
SI/KI-18 40.55 41.55 1.00 0.00 0.00 0.00 0.00 0.02
SI/KI-18 41.55 42.50 0.95 0.00 0.00 0.00 0.00 0.02
SI/KI-18 42.50 43.50 1.00 0.00 0.00 0.00 0.01 0.02
SI/KI-18 43.50 44.50 1.00 0.00 0.00 0.00 0.01 0.02
SI/KI-18 44.50 45.50 1.00 0.00 0.00 0.00 0.01 0.02
SI/KI-18 45.50 46.50 1.00 0.00 0.00 0.00 0.01 0.02
SI/KI-18 47.50 48.50 1.00 0.00 0.00 0.14 0.02 0.02
SI/KI-18 48.50 49.50 1.00 0.00 0.00 0.05 0.01 0.02
SI/KI-18 49.50 50.50 1.00 0.00 0.00 0.04 0.01 0.02
SI/KI-18 50.50 51.50 1.00 0.00 0.00 0.00 0.01 0.02
SI/KI-18 51.50 52.50 1.00 0.00 0.04 0.02 0.01 0.02
SI/KI-18 52.50 53.50 1.00 0.00 0.11 0.00 0.01 0.02

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-18 53.50 54.50 1.00 0.00 0.13 0.00 0.01 0.02
SI/KI-18 54.50 55.50 1.00 0.00 0.19 0.00 0.01 0.02
SI/KI-18 55.50 57.25 1.75 0.00 0.13 0.00 0.01 0.02
SI/KI-33 0.00 0.97 0.97 2.10 6.98 0.37 0.40 0.16
SI/KI-33 0.97 1.76 0.79 0.00 0.21 0.00 0.02 0.02
SI/KI-33 1.76 3.26 1.50 2.00 7.45 0.32 0.38 0.16
SI/KI-33 3.26 4.76 1.50 3.20 10.80
0.53		 0.63 0.26
SI/KI-33 4.76 5.66 0.90 3.20 10.77
0.55		 0.61 0.26
SI/KI-33 5.66 7.80 2.14 0.00 0.18 0.00 0.02 0.02
SI/KI-33 7.80 9.37 1.57 0.00 0.00 0.00 0.01 0.02
SI/KI-33 9.37 11.22 1.85 0.00 0.04 0.00 0.01 0.02
SI/KI-33 11.22 12.52 1.30 0.00 0.00 0.00 0.01 0.02
SI/KI-33 12.52 13.40 0.88 0.90 3.90 0.14 0.29 0.13
SI/KI-33 13.40 14.13 0.73 0.00 0.34 0.00 0.04 0.03
SI/KI-33 14.13 15.87 1.74 2.00 7.18 0.53 0.77 0.26
SI/KI-33 15.87 16.79 0.92 0.80 5.10 0.15 0.25 0.11
SI/KI-33 16.79 18.27 1.48 0.70 2.66 0.11 0.10 0.07
SI/KI-33 18.27 19.07 0.80 1.10 3.90 0.31 0.22 0.10
SI/KI-33 19.07 20.57 1.50 1.00 3.75 0.18 0.27 0.11
SI/KI-33 20.57 22.07 1.50 1.70 4.95 0.22 0.38 0.14
SI/KI-33 22.07 23.60 1.53 1.30 4.80 0.21 0.37 0.14
SI/KI-33 23.60 25.00 1.40 1.30 4.95 0.16 0.33 0.10
SI/KI-33 25.00 26.51 1.51 1.60 5.70 0.16 0.38 0.12
SI/KI-33 26.51 28.05 1.54 1.40 5.55 0.10 0.36 0.10
SI/KI-33 28.05 29.45 1.40 1.10 4.21 0.05 0.19 0.08
SI/KI-33 29.45 30.95 1.50 0.00 0.45 0.00 0.03 0.02
SI/KI-33 30.95 32.51 1.56 1.00 2.95 0.06 0.11 0.04
SI/KI-33 32.51 34.10 1.59 0.50 1.43 0.02 0.08 0.03
SI/KI-33 34.10 35.61 1.51 0.80 3.20 0.04 0.06 0.03
SI/KI-33 35.61 37.10 1.49 0.50 1.86 0.02 0.05 0.02
SI/KI-33 37.10 38.60 1.50 0.70 2.54 0.05 0.07 0.03
SI/KI-33 38.60 40.10 1.50 0.50 1.64 0.03 0.09 0.04
SI/KI-33 40.10 42.55 2.45 0.00 0.20 0.00 0.02 0.02
SI/KI-34 0.00 1.20 1.20 3.90 13.35
0.70		 0.65 0.28
SI/KI-34 1.20 2.05 0.85 3.90 13.78
0.50		 0.60 0.24
SI/KI-34 2.05 2.48 0.43 0.60 3.10 0.13 0.12 0.07
SI/KI-34 2.48 3.99 1.51 2.70 8.92 0.34 0.47 0.20
SI/KI-34 3.99 5.31 1.32 3.00 11.25
0.52		 0.65 0.27
SI/KI-34 5.31 5.84 0.53 2.20 8.23 0.46 0.48 0.20
SI/KI-34 5.84 6.45 0.61 1.90 5.10 0.22 0.28 0.13

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-34 6.45 7.90 1.45 0.90 2.85 0.53 0.15 0.08
SI/KI-34 7.90 8.78 0.88 1.20 1.76 0.20 0.22 0.10
SI/KI-34 8.78 9.32 0.54 0.00 0.09 0.00 0.01 0.02
SI/KI-39 2.40 2.80 0.40 0.00 0.00 0.00 0.01 0.02
SI/KI-39 3.99 4.82 0.83 0.00 0.00 0.00 0.01 0.02
SI/KI-39 12.19 13.02 0.83 0.00 0.00 0.00 0.01 0.01
SI/KI-39 13.82 14.70 0.88 0.00 0.10 0.00 0.01 0.01
SI/KI-39 14.70 15.76 1.06 0.00 0.28 0.00 0.01 0.01
SI/KI-39 15.76 17.25 1.49 0.40 1.10 0.03 0.04 0.02
SI/KI-39 17.25 18.02 0.77 2.80 8.44 0.18 0.29 0.08
SI/KI-39 18.02 18.99 0.97 0.20 0.48 0.05 0.05 0.02
SI/KI-39 18.99 20.22 1.23 1.10 0.90 0.26 0.22 0.09
SI/KI-39 20.22 21.24 1.02 1.00 1.08 0.23 0.36 0.13
SI/KI-39 21.24 22.08 0.84 0.00 0.03 0.00 0.01 0.02
SI/KI-39 22.08 23.19 1.11 0.70 2.66 0.21 0.25 0.11
SI/KI-39 23.19 24.60 1.41 0.70 1.92 0.16 0.23 0.09
SI/KI-39 24.60 25.34 0.74 0.60 2.50 0.17 0.24 0.10
SI/KI-39 25.34 26.48 1.14 0.00 0.42 0.07 0.08 0.04
SI/KI-39 26.48 26.95 0.47 0.90 3.43 0.24 0.38 0.16
SI/KI-39 26.95 27.50 0.55 1.10 2.87 0.17 0.30 0.16
SI/KI-39 27.50 29.01 1.51 0.80 3.08 0.22 0.36 0.15
SI/KI-39 29.01 30.50 1.49 1.20 3.05 0.29 0.50 0.19
SI/KI-39 30.50 32.01 1.51 1.30 4.69 0.32 0.63 0.23
SI/KI-39 32.01 33.20 1.19 1.40 5.11 0.34 0.68 0.25
SI/KI-39 33.20 34.70 1.50 1.70 6.49 0.66 0.88 0.31
SI/KI-39 34.70 36.12 1.42 1.40 5.19 0.46 0.72 0.25
SI/KI-39 36.12 37.46 1.34 1.30 4.69 0.50 0.67 0.22
SI/KI-39 37.46 37.88 0.42 0.80 3.25 0.27 0.44 0.18
SI/KI-45 2.83 3.41 0.58 0.00 0.00 0.00 0.00 0.02
SI/KI-45 7.40 7.95 0.55 0.00 0.00 0.00 0.00 0.02
SI/KI-45 11.65 12.24 0.59 0.00 0.00 0.00 0.00 0.02
SI/KI-45 15.68 16.30 0.62 0.00 0.00 0.00 0.00 0.02
SI/KI-45 19.34 19.98 0.64 0.00 0.00 0.00 0.01 0.03
SI/KI-45 24.20 24.74 0.54 0.00 0.00 0.00 0.00 0.02
SI/KI-45 28.29 28.90 0.61 0.00 0.00 0.00 0.01 0.02
SI/KI-45 28.90 29.54 0.64 0.00 0.00 0.00 0.00 0.04
SI/KI-45 32.02 33.35 1.33 2.20 1.13 0.14 0.19 0.22
SI/KI-45 33.35 34.01 0.66 0.00 0.00 0.00 0.01 0.05
SI/KI-45 34.01 34.60 0.59 9.96 6.14 0.44 0.24 0.42
SI/KI-45 34.60 36.05 1.45 4.00 1.44 0.10 0.05 0.11

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-45 36.05 37.23 1.18 0.00 0.00 0.00 0.01 0.03
SI/KI-45 37.23 37.94 0.71 0.00 0.00 0.00 0.01 0.04
SI/KI-49 0.52 0.99 0.47 0.00 0.00 0.00 0.00 0.02
SI/KI-49 4.80 5.28 0.48 0.00 0.00 0.00 0.00 0.02
SI/KI-49 6.00 6.54 0.54 0.00 0.00 0.00 0.00 0.02
SI/KI-49 6.54 7.90 1.36 0.00 0.00 0.00 0.00 0.04
SI/KI-49 7.90 9.33 1.43 0.00 0.00 0.00 0.00 0.05
SI/KI-49 9.33 9.92 0.59 0.20 0.07 0.00 0.00 0.07
SI/KI-49 9.92 11.25 1.33 10.50
4.28		 0.96 0.32 0.18
SI/KI-49 11.25 12.50 1.25 0.00 0.06 0.00 0.02 0.01
SI/KI-49 12.50 13.76 1.26 0.00 0.08 0.00 0.02 0.02
SI/KI-49 13.76 15.18 1.42 0.00 0.03 0.00 0.01 0.03
SI/KI-49 18.70 19.22 0.52 0.00 0.00 0.00 0.01 0.02
SI/KI-49 22.92 23.40 0.48 0.00 0.00 0.00 0.00 0.01
SI/KI-51 0.00 0.51 0.51 0.00 0.00 0.00 0.00 0.02
SI/KI-51 4.95 5.49 0.54 0.00 0.00 0.00 0.00 0.02
SI/KI-51 5.49 6.06 0.57 0.00 0.00 0.00 0.00 0.04
SI/KI-51 6.06 7.51 1.45 0.00 0.00 0.00 0.01 0.04
SI/KI-51 7.51 9.05 1.54 0.00 0.00 0.00 0.01 0.05
SI/KI-51 9.05 10.34 1.29 0.60 0.23 0.00 0.01 0.09
SI/KI-51 10.34 11.10 0.76 9.36 4.98 1.40 0.16 0.16
SI/KI-51 11.10 11.95 0.85 5.31 4.19 0.82 1.63 0.26
SI/KI-51 11.95 13.59 1.64 0.10 0.07 0.00 0.02 0.02
SI/KI-51 13.59 14.44 0.85 0.00 0.08 0.00 0.01 0.01
SI/KI-51 14.44 15.99 1.55 0.00 0.05 0.00 0.01 0.03
SI/KI-51 19.55 20.01 0.46 0.00 0.00 0.00 0.01 0.02
SI/KI-51 22.40 22.90 0.50 0.00 0.00 0.00 0.00 0.02
SI/KI-63 3.10 3.40 0.30 0.00 0.00 0.00 0.00 0.02
SI/KI-63 16.50 16.80 0.30 0.00 0.00 0.00 0.00 0.02
SI/KI-63 23.20 23.50 0.30 0.00 0.00 0.00 0.00 0.03
SI/KI-63 29.23 30.23 1.00 0.00 0.00 0.00 0.00 0.02
SI/KI-63 30.23 32.00 1.77 0.00 0.00 0.00 0.01 0.04
SI/KI-63 32.00 33.22 1.22 0.00 0.00 0.00 0.01 0.05
SI/KI-63 33.22 33.78 0.56 0.00 0.00 0.00 0.01 0.05
SI/KI-63 33.78 34.29 0.51 6.03 4.51 0.43 0.28 0.28
SI/KI-63 34.29 34.84 0.55 7.85 5.38 1.36 0.48 0.38
SI/KI-63 34.84 35.42 0.58 8.34 5.97 0.80 0.44 0.34
SI/KI-63 35.42 35.97 0.55 2.89 2.04 0.36 0.23 0.17
SI/KI-63 35.97 36.47 0.50 0.27 0.27 0.03 0.05 0.06
SI/KI-63 36.47 36.92 0.45 0.00 0.03 0.00 0.01 0.04

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-63 36.92 37.32 0.40 0.00 0.00 0.00 0.01 0.01
SI/KI-63 37.32 37.82 0.50 0.00 0.00 0.00 0.00 0.04
SI/KI-63 37.82 38.32 0.50 0.00 0.00 0.00 0.00 0.03
SI/KI-63 38.32 38.82 0.50 0.00 0.00 0.00 0.01 0.04
SI/KI-63 38.82 39.32 0.50 0.00 0.00 0.00 0.01 0.05
SI/KI-63 39.32 39.85 0.53 0.00 0.00 0.00 0.01 0.02
SI/KI-63 39.85 40.85 1.00 0.00 0.00 0.00 0.00 0.01
SI/KI-63 40.85 41.85 1.00 0.00 0.00 0.00 0.01 0.04
SI/KI-63 41.85 42.85 1.00 0.00 0.00 0.00 0.00 0.03
SI/KI-63 42.85 43.37 0.52 0.00 0.00 0.00 0.01 0.04
SI/KI-63 43.37 43.86 0.49 0.00 0.00 0.00 0.00 0.07
SI/KI-63 43.86 45.55 1.69 0.00 0.02 0.00 0.01 0.01
SI/KI-321 18.80 20.50 1.70 0.00 0.00 0.00 0.00 0.13
SI/KI-321 20.50 21.50 1.00 0.00 0.00 0.00 0.00 0.15
SI/KI-321 21.50 22.50 1.00 0.00 0.00 0.10 0.00 0.14
SI/KI-321 22.50 23.32 0.82 0.00 0.05 0.14 0.00 0.14
SI/KI-321 23.32 24.32 1.00 0.00 0.07 0.12 0.00 0.15
SI/KI-321 24.32 24.62 0.30 0.00 0.15 0.17 0.00 0.15
SI/KI-321 24.62 24.92 0.30 0.17 0.58 0.19 0.00 0.16
SI/KI-321 24.92 25.22 0.30 0.18 0.51 0.23 0.06 0.16
SI/KI-321 25.22 25.54 0.32 32.50
25.00
0.70		 0.09 0.17
SI/KI-321 25.54 25.92 0.38 7.48 9.00 0.30 0.19 0.22
SI/KI-321 25.92 26.22 0.30 3.17 5.80 0.20 0.05 0.14
SI/KI-321 26.22 26.64 0.42 1.73 7.20 0.20 0.00 0.15
SI/KI-321 26.64 27.00 0.36 0.90 6.30 0.40 0.17 0.15
SI/KI-321 27.00 27.36 0.36 1.28 7.20 0.90 0.37 0.19
SI/KI-321 27.36 27.63 0.27 0.57 2.50 0.20 0.11 0.09
SI/KI-321 27.63 27.93 0.30 0.45 2.30 0.30 0.11 0.06
SI/KI-321 27.93 28.23 0.30 0.53 2.80 0.10 0.09 0.07
SI/KI-321 28.23 28.53 0.30 0.00 0.63 0.00 0.03 0.04
SI/KI-321 28.53 29.20 0.67 0.00 0.00 0.00 0.01 0.02
SI/KI-321 29.20 30.60 1.40 0.00 0.60 0.00 0.01 0.02
SI/KI-456 3.19 3.50 0.31 0.00 0.00 0.00 0.81 0.31
SI/KI-456 3.50 4.00 0.50 0.00 0.00 0.00 0.81 0.30
SI/KI-456 4.00 4.50 0.50 0.00 0.00 0.00 0.79 0.31
SI/KI-456 4.50 5.00 0.50 0.00 0.00 0.00 0.70 0.29
SI/KI-456 5.00 5.50 0.50 0.00 0.00 0.00 0.73 0.29
SI/KI-456 5.50 6.00 0.50 0.00 0.00 0.00 0.71 0.29
SI/KI-456 6.00 6.60 0.60 0.00 0.00 0.00 0.65 0.26
SI/KI-456 6.60 7.20 0.60 0.00 0.00 0.00 0.25 0.10

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-456 7.20 7.82 0.62 0.00 0.00 0.00 0.13 0.07
SI/KI-456 7.82 8.38 0.56 0.00 0.00 0.00 0.03 0.03
SI/KI-456 8.38 9.20 0.82 0.00 0.00 0.00 0.02 0.03
SI/KI-456 16.70 16.80 0.10 0.00 0.00 0.00 0.01 0.02
SI/KI-456 23.55 23.65 0.10 0.00 0.00 0.00 0.00 0.02
SI/KI-456 25.53 25.66 0.13 0.00 0.00 0.00 0.00 0.00
SI/KI-456 26.40 26.50 0.10 0.00 0.00 0.00 0.01 0.02
SI/KI-456 31.80 31.90 0.10 0.00 0.00 0.00 0.01 0.02
SI/KI-456 38.50 38.60 0.10 0.00 0.00 0.00 0.00 0.02
SI/KI-457 0.00 0.80 0.80 0.00 0.00 0.00 0.00 0.01
SI/KI-457 0.80 1.80 1.00 0.00 0.00 0.00 0.01 0.01
SI/KI-457 1.80 2.70 0.90 0.00 0.00 0.00 0.00 0.01
SI/KI-457 2.70 3.20 0.50 0.00 0.00 0.00 0.00 0.02
SI/KI-457 3.20 3.70 0.50 0.00 0.00 0.00 0.00 0.02
SI/KI-457 3.70 4.20 0.50 0.00 0.00 0.00 0.02 0.03
SI/KI-457 4.20 4.70 0.50 0.00 0.00 0.00 0.09 0.04
SI/KI-457 4.70 5.20 0.50 0.00 0.00 0.00 0.14 0.05
SI/KI-457 5.20 5.70 0.50 0.00 0.00 0.00 0.09 0.05
SI/KI-457 5.70 6.20 0.50 0.00 0.00 0.00 0.11 0.06
SI/KI-457 6.20 7.00 0.80 0.00 0.00 0.00 0.05 0.04
SI/KI-457 7.00 7.50 0.50 0.00 0.00 0.00 0.18 0.09
SI/KI-457 7.50 8.00 0.50 0.00 0.00 0.00 0.09 0.05
SI/KI-457 8.00 8.68 0.68 0.00 0.00 0.00 0.04 0.04
SI/KI-457 8.68 9.68 1.00 0.00 0.00 0.00 0.02 0.03
SI/KI-457 9.68 10.63 0.95 0.00 0.00 0.00 0.02 0.03
SI/KI-457 10.63 12.00 1.37 0.00 0.00 0.00 0.02 0.02
SI/KI-457 12.00 12.70 0.70 0.00 0.00 0.00 0.05 0.03
SI/KI-457 12.70 13.13 0.43 0.00 0.00 0.00 0.23 0.08
SI/KI-457 13.13 13.80 0.67 0.00 0.00 0.00 0.03 0.02
SI/KI-457 13.80 14.50 0.70 0.00 0.00 0.00 0.02 0.02
SI/KI-457 14.50 15.20 0.70 0.00 0.00 0.00 0.02 0.01
SI/KI-457 15.20 16.20 1.00 0.00 0.00 0.00 0.01 0.02
SI/KI-457 16.20 17.20 1.00 0.00 0.00 0.00 0.01 0.02
SI/KI-457 17.20 18.23 1.03 0.00 0.00 0.00 0.01 0.03
SI/KI-457 18.23 18.70 0.47 0.00 0.00 0.00 0.01 0.02
SI/KI-457 18.70 19.22 0.52 0.00 0.00 0.00 0.02 0.03
SI/KI-457 19.22 19.90 0.68 0.00 0.00 0.00 0.00 0.02
SI/KI-457 19.90 20.60 0.70 0.00 0.00 0.00 0.01 0.02
SI/KI-457 20.60 21.80 1.20 0.00 0.00 0.00 0.00 0.02
SI/KI-457 27.10 27.20 0.10 0.00 0.00 0.00 0.01 0.02

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-16 No From To 0.50 0.20 0.14 0.02 0.00 0.01 0.02
SI/KI-17 No Assay Data, significant interval only 11.00 11.25 0.25 1.10 3.68 0.10 0.00 0.04 0.04
Sl/Kl-20 No Assay Data, significant interval only 2.50 3.44 0.94 2.49 2.08 0.43 0.00 0.34
SI/KI-32 No Assay Data, significant interval only 2.10 1.98 4.70 0.33 0.00 0.26 0.11
SI/KI-35 No Assay Data, significant interval only 15.00 20.22 5.22 0.73 2.57 0.29 0.00 0.20 0.06
SI/KI-36 No Assay Data, significant interval only 14.50 15.88 1.38 0.20 0.55 0.10 0.00 0.02 0.01
SI/KI-37 No Assay Data, significant interval only 25.00 25.73 0.73 0.60 2.90 0.08 0.00 0.09 0.05
SI/KI-38 No Assay Data, significant interval only 23.00 28.17 5.17 0.58 2.42 0.11 0.00 0.10 0.06
Sl/Kl-40 No From To info in report table, estimated 26.50 27.86 1.36 0.01 0.10 0.05 0.00 0.01 0.11
from section
Sl/Kl-41 No From To info in report table, estimated 21.50 21.99 0.49 0.20 0.25 0.00 0.00 0.00 0.09
from section
Sl/Kl-42 No From To info in report table, estimated 15.00 17.15 2.15 0.10 0.24 0.08 0.00 0.06 0.01
from section
Sl/Kl-43 No From To info in report table, estimated 37.50 38.95 1.45 0.60 0.46 0.00 0.00 0.01 0.03
from section
Sl/Kl-44 No From To info in report table, estimated 37.10 38.46 1.36 0.50 0.48 0.04 0.04 0.06 0.04
from section
Sl/Kl-46 No From To info in report table, estimated 32.50 34.07 1.57 0.00 0.17 0.00 0.00 0.02 0.03
from section
Sl/Kl-47 No From To info in report table, estimated 35.00 35.85 0.85 4.20 1.68 0.38 0.00 0.25 0.32
from section
Sl/Kl-48 No From To info in report table, estimated 30.00 30.83 0.83 3.20 2.92 0.55 0.00 0.47 3.20
from section
Sl/Kl-50 No From To info in report table, estimated 7.10 8.07 0.97 0.30 0.19 0.00 0.00 0.03 0.08
from section
Sl/Kl-52 No From To info in report table, estimated 7.00 8.27 1.27 0.40 0.06 0.16 0.00 0.02 0.06
from section
Sl/Kl-53 No From To info in report table, estimated 10.50 11.80 1.30 0.00 0.08 0.00 0.00 0.03 0.01
from section
Sl/Kl-54 No From To info in report table, estimated 8.50 9.05 0.55 0.67 0.70 0.36 0.00 0.06 0.07
from section
Sl/Kl-55 No From To info in report table, estimated 10.90 11.59 0.69 0.50 0.50 0.14 0.00 0.05 0.03
from section
Sl/Kl-56 No From To info in report table, estimated 11.80 13.46 1.66 0.60 0.65 0.16 0.00 0.14 0.08
from section
Sl/Kl-57 No From To info in report table, estimated 14.50 15.77 1.27 0.00 0.11 0.00 0.00 0.02 0.02
from section
Sl/Kl-58 No From To info in report table, estimated 21.00 21.50 0.50 0.50 0.25 0.00 0.00 0.03 0.06
from section
Sl/Kl-59 No From To info in report table, estimated 28.00 28.44 0.44 1.32 1.95 0.26 0.03 0.45 0.20
from section
Sl/Kl-60 No From To info in report table, estimated 20.50 21.14 0.64 0.00 0.08 0.00 0.00 0.00 0.08
from section
Sl/Kl-61 No From To info in report table, estimated 26.00 27.38 1.38 0.60 0.55 0.24 0.00 0.02 0.10
from section
Sl/Kl-62 No From To info in report table, estimated 28.00 33.41 5.41 1.88 1.58 0.26 0.04 0.23 0.14
from section
SI/KI-86 No Assay Data, significant interval only 19.05 21.35 2.30 3.14 3.55 0.15 0.00
SI/KI-87 No Assay Data, significant interval only 27.50 27.88 0.38 0.30 1.39 0.03 0.09
SI/KI-88 No Assay Data, significant interval only 10.00 14.10 4.10 2.55 4.15 0.13 0.19
SI/KI-89 No Assay Data, significant interval only 9.00 9.30 0.30 8.44 15.80
0.20		 0.79 0.00
SI/KI-90 No Assay Data, significant interval only 3.79 4.41 0.62 1.98 3.49 0.22 0.11 0.00
SI/KI-91 No Assay Data, significant interval only 23.45 23.89 0.44 0.40 0.31 0.00 0.00
SI/KI-92 No Assay Data, significant interval only 30.42 30.84 0.42 2.40 4.43 0.09 0.00
SI/KI-93 No Assay Data, significant interval only 7.94 9.31 1.37 7.83 11.28
0.13		 0.85 0.04
SI/KI-94 No Assay Data, significant interval only 8.55 9.47 0.92 5.99 7.98 0.06 0.00 0.01
SI/KI-95 No Assay Data, significant interval only 7.80 8.10 0.30 0.30 1.12 0.12 0.01 0.00
SI/KI-96 No Assay Data, significant interval only 8.30 9.01 0.71 2.55 4.40 0.10 0.09 0.00

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID Comments From To Interval
Pt		 Pd Au Rh Cu Ni
(m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%)
SI/KI-97 No Assay Data, significant interval only 13.01 13.58 0.57 6.40 8.51 0.07 0.96 0.22
SI/KI-98 No Assay Data, significant interval only 9.74 10.06 0.32 0.20 0.72 0.03 0.01 0.00
SI/KI-99 No Assay Data, significant interval only 4.39 6.59 2.20 0.74 1.22 0.03 0.01 0.00
SI/KI-100 No Assay Data, significant interval only 29.66 31.50 1.84 1.03 3.53 0.05 0.10
SI/KI-101 No Assay Data, significant interval only 34.79 35.50 0.71 1.25 1.15 0.02 0.12
SI/KI-102 No Assay Data, significant interval only 30.96 31.60 0.64 0.96 1.17 0.02 0.09
SI/KI-103 No Assay Data, significant interval only 34.63 34.95 0.32 1.90 2.80 0.06 0.19
SI/KI-105 No Assay Data, significant interval only 26.82 27.18 0.36 8.84 9.61 0.18 0.57
SI/KI-107 No Assay Data, significant interval only 10.61 11.92 1.31 1.04 1.19 0.02 0.10
SI/KI-108 No Assay Data, significant interval only 20.03 20.34 0.31 1.12 4.52 0.12 0.11
SI/KI-109 No Assay Data, significant interval only 34.02 34.38 0.36 10.60
35.80
0.35		 2.60
SI/KI-110 No Assay Data, significant interval only 27.80 28.06 0.26 5.83 10.90
0.14		 0.40
SI/KI-111 No Assay Data, significant interval only 21.60 22.09 0.49 3.37 4.02 0.07 0.33
SI/KI-112 No Assay Data, significant interval only 25.58 25.82 0.24 1.10 0.52 0.00 0.11
SI/KI-113 No Assay Data, significant interval only 28.64 29.30 0.66 0.83 1.38 0.02 0.08
SI/KI-115 No Assay Data, significant interval only 41.80 42.48 0.68 13.10
15.50
0.21		 1.31
SI/KI-116 No Assay Data, significant interval only 34.40 35.36 0.96 1.55 1.34 0.03 0.15
SI/KI-117 No Assay Data, significant interval only 14.17 14.87 0.70 5.51 5.17 0.08 0.47
SI/KI-122 No Assay Data, significant interval only 4.33 5.52 1.19 1.36 1.99 0.06 0.13
SI/KI-123 No Assay Data, significant interval only 40.85 41.22 0.37 1.10 0.57 0.00 0.11
SI/KI-313 No Assay Data, significant interval only 22.57 24.07 1.50 5.80 3.50 0.10 0.35
SI/KI-315 No Assay Data, significant interval only 22.90 23.38 0.48 4.16 5.10 0.00 0.41
SI/KI-316 No Assay Data, significant interval only 31.66 32.02 0.36 1.90 1.52 0.06 0.19
SI/KI-320 No Assay Data, significant interval only 25.83 27.04 1.21 1.20 3.17 0.13 0.34
SI/KI-326 No Assay Data, significant interval only 10.69 12.20 1.51 10.70
18.80
0.30		 0.97

Porsvann Historical Drill Collar Data

DDH_ID Easting Northing RL (m) Azimuth Inclination
EOH (m)
PV-01 423649 7768460 84 300 60 126.50
PV-02 423575 7768447 88 300 60 70.00
PV-03 423562 7768494 90 300 60 67.45
PV-04 423600 7768385 85 300 60 93.50

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Porsvann Historical Drill Assay Data

DDH_ID From (m) To (m) Interval Cu Pt Pd
(m) (%) (g/t) (g/t)
PV-01 0.00 25.00 25.00 0.00 0.00 0.00
PV-01 25.00 27.00 2.00 0.00 0.01 0.01
PV-01 27.00 28.25 1.25 0.00 0.01 0.01
PV-01 28.25 30.00 1.75 0.00 0.10 0.07
PV-01 30.00 32.60 2.60 0.00 0.19 0.25
PV-01 32.60 35.10 2.50 0.00 0.20 0.27
PV-01 35.10 36.90 1.80 0.01 0.17 0.18
PV-01 36.90 37.30 0.40 0.01 0.00 0.01
PV-01 37.30 39.00 1.70 0.01 0.16 0.22
PV-01 39.00 41.00 2.00 0.01 0.16 0.16
PV-01 41.00 43.00 2.00 0.00 0.16 0.18
PV-01 43.00 45.00 2.00 0.00 0.18 0.17
PV-01 45.00 47.00 2.00 0.00 0.14 0.14
PV-01 47.00 49.00 2.00 0.00 0.14 0.15
PV-01 49.00 52.00 3.00 0.00 0.17 0.16
PV-01 52.00 54.00 2.00 0.01 0.16 0.16
PV-01 54.00 55.40 1.40 0.15 0.16 0.44
PV-01 55.40 57.05 1.65 0.01 0.13 0.32
PV-01 57.05 59.00 1.95 0.01 0.05 0.11
PV-01 59.00 61.00 2.00 0.01 0.04 0.12
PV-01 61.00 63.00 2.00 0.01 0.05 0.11
PV-01 63.00 65.00 2.00 0.08 0.08 0.33
PV-01 65.00 67.00 2.00 0.02 0.12 0.24
PV-01 67.00 70.00 3.00 0.06 0.16 0.54
PV-01 70.00 72.00 2.00 0.12 0.24 0.61
PV-01 72.00 74.00 2.00 0.06 1.01 0.91
PV-01 74.00 76.00 2.00 0.01 0.13 0.33
PV-01 76.00 78.00 2.00 0.04 0.17 0.70
PV-01 78.00 80.00 2.00 0.04 0.17 0.53
PV-01 80.00 82.00 2.00 0.08 0.27 0.79
PV-01 82.00 84.00 2.00 0.04 0.14 0.22
PV-01 84.00 86.00 2.00 0.06 0.25 0.76
PV-01 86.00 88.00 2.00 0.06 0.12 0.37
PV-01 88.00 90.00 2.00 0.03 0.12 0.26
PV-01 90.00 92.00 2.00 0.12 0.41 1.08
PV-01 92.00 94.00 2.00 0.20 0.72 1.74
PV-01 94.00 96.00 2.00 0.23 0.99 2.48
PV-01 96.00 98.00 2.00 0.14 0.30 0.84
PV-01 98.00 100.00 2.00 0.13 0.58 1.72
PV-01 100.00 102.00 2.00 0.19 0.64 1.67
PV-01 102.00 104.00 2.00 0.12 0.38 0.99

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID From (m) To (m) Interval Cu Pt Pd
(m) (%) (g/t) (g/t)
PV-01 104.00 105.20 1.20 0.16 0.52 1.43
PV-01 105.20 107.00 1.80 0.10 0.18 0.35
PV-01 107.00 109.00 2.00 0.01 0.14 0.13
PV-01 109.00 110.15 1.15 0.05 0.16 0.48
PV-01 110.15 113.50 3.35 0.00 0.01 0.03
PV-01 113.50 116.00 2.50 0.02 0.06 0.08
PV-01 116.00 118.00 2.00 0.01 0.02 0.03
PV-01 118.00 120.00 2.00 0.01 0.01 0.01
PV-02 0.00 2.85 2.85 0.00 0.00 0.00
PV-02 2.85 3.65 0.80 0.04 0.53 1.65
PV-02 3.65 4.45 0.80 0.06 0.22 0.27
PV-02 4.45 5.95 1.50 0.01 0.04 0.06
PV-02 5.95 8.05 2.10 0.28 0.74 2.45
PV-02 8.05 8.75 0.70 0.03 0.27 1.19
PV-02 8.75 9.87 1.12 0.06 0.23 0.78
PV-02 9.87 11.22 1.35 0.04 0.02 0.04
PV-02 11.22 11.55 0.33 0.62 1.68 3.63
PV-02 11.55 13.30 1.75 0.02 0.12 0.21
PV-02 13.30 15.45 2.15 0.02 0.06 0.05
PV-02 15.45 15.80 0.35 0.03 0.04 0.03
PV-02 15.80 18.00 2.20 0.03 0.09 0.17
PV-02 18.00 20.00 2.00 0.05 0.16 0.47
PV-02 20.00 22.00 2.00 0.16 0.27 1.14
PV-02 22.00 24.10 2.10 0.08 0.08 0.37
PV-02 24.10 26.55 2.45 0.02 0.24 0.68
PV-02 26.55 29.50 2.95 0.07 0.11 0.31
PV-02 29.50 32.40 2.90 0.01 0.06 0.08
PV-02 32.40 35.00 2.60 0.14 0.46 1.26
PV-02 35.00 37.40 2.40 0.08 0.18 0.46
PV-02 37.40 38.97 1.57 0.03 0.06 0.15
PV-02 38.97 41.00 2.03 0.11 0.24 0.69
PV-02 41.00 42.25 1.25 0.05 0.08 0.16
PV-02 42.25 44.00 1.75 0.02 0.10 0.25
PV-02 44.00 45.60 1.60 0.15 0.54 1.88
PV-02 45.60 48.10 2.50 0.09 0.54 1.41
PV-02 48.10 48.62 0.52 0.38 1.09 2.89
PV-02 48.62 50.60 1.98 0.04 0.21 0.45
PV-02 50.60 51.80 1.20 0.22 0.89 2.10
PV-02 51.80 53.25 1.45 0.13 0.50 1.51
PV-02 53.25 55.80 2.55 0.13 0.42 1.38
PV-02 55.80 57.80 2.00 0.02 0.10 0.17
PV-02 57.80 60.00 2.20 0.00 0.06 0.08
PV-02 60.00 62.15 2.15 0.28 0.05 0.06
PV-02 62.15 63.05 0.90 0.13 0.05 0.07
PV-02 63.05 65.05 2.00 0.01 0.06 0.05
PV-02 65.05 68.05 3.00 0.05 0.10 0.13
PV-02 68.05 70.00 1.95 0.00 0.01 0.01

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID From (m) To (m) Interval Cu Pt Pd
(m) (%) (g/t) (g/t)
PV-03 0.00 13.00 13.00 0.00 0.00 0.00
PV-03 13.00 15.00 2.00 0.01 0.01 0.01
PV-03 15.00 15.40 0.40 0.01 0.08 0.11
PV-03 15.40 17.00 1.60 0.00 0.18 0.22
PV-03 17.00 19.00 2.00 0.01 0.19 0.26
PV-03 19.00 21.00 2.00 0.01 0.25 0.33
PV-03 21.00 23.00 2.00 0.01 0.20 0.24
PV-03 23.00 25.00 2.00 0.01 0.18 0.25
PV-03 25.00 27.00 2.00 0.01 0.17 0.27
PV-03 27.00 29.00 2.00 0.01 0.12 0.10
PV-03 29.00 31.00 2.00 0.00 0.16 0.15
PV-03 31.00 33.00 2.00 0.00 0.18 0.17
PV-03 33.00 35.00 2.00 0.00 0.19 0.19
PV-03 35.00 37.00 2.00 0.02 0.28 0.17
PV-03 37.00 39.00 2.00 0.04 0.14 0.13
PV-03 39.00 41.00 2.00 0.03 0.10 0.17
PV-03 41.00 43.00 2.00 0.05 0.13 0.11
PV-03 43.00 44.00 1.00 0.01 0.05 0.07
PV-03 44.00 46.00 2.00 0.00 0.04 0.06
PV-03 46.00 48.00 2.00 0.00 0.01 0.02
PV-03 48.00 50.30 2.30 0.00 0.01 0.00
PV-03 50.30 52.00 1.70 0.00 0.04 0.02
PV-03 52.00 54.00 2.00 0.05 0.19 0.26
PV-03 54.00 56.00 2.00 0.07 0.13 0.17
PV-03 56.00 58.00 2.00 0.01 0.09 0.35
PV-03 58.00 60.00 2.00 0.00 0.19 0.36
PV-03 60.00 62.00 2.00 0.01 0.28 0.81
PV-03 62.00 64.00 2.00 0.00 0.09 0.09
PV-03 64.00 64.90 0.90 0.00 0.12 0.19
PV-03 64.90 65.20 0.30 0.00 0.01 0.01
PV-03 65.20 67.45 2.25 0.00 0.00 0.00
PV-04 0.00 0.35 0.35 0.00 0.00 0.00
PV-04 0.35 2.00 1.65 0.01 0.22 0.22
PV-04 2.00 4.00 2.00 0.03 0.16 0.11
PV-04 4.00 6.00 2.00 0.02 0.11 0.07
PV-04 6.00 8.00 2.00 0.03 0.06 0.04
PV-04 8.00 10.00 2.00 0.01 0.10 0.06
PV-04 10.00 12.00 2.00 0.00 0.08 0.06
PV-04 12.00 14.00 2.00 0.00 0.07 0.07
PV-04 14.00 16.00 2.00 0.00 0.18 0.17
PV-04 16.00 18.00 2.00 0.08 0.79 2.06
PV-04 18.00 20.00 2.00 0.01 0.18 0.43
PV-04 20.00 22.00 2.00 0.07 0.42 2.04
PV-04 22.00 24.00 2.00 0.03 0.19 0.25
PV-04 24.00 26.00 2.00 0.10 0.51 0.96
PV-04 26.00 28.00 2.00 0.03 0.18 1.47
PV-04 28.00 30.00 2.00 0.01 0.02 0.08

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

DDH_ID From (m) To (m) Interval Cu Pt Pd
(m) (%) (g/t) (g/t)
PV-04 30.00 32.00 2.00 0.03 0.08 0.15
PV-04 32.00 34.00 2.00 0.02 0.26 0.78
PV-04 34.00 36.00 2.00 0.19 0.68 1.66
PV-04 36.00 38.00 2.00 0.12 0.23 0.58
PV-04 38.00 40.00 2.00 0.18 0.31 0.81
PV-04 40.00 41.00 1.00 0.21 0.44 1.48
PV-04 41.00 43.00 2.00 0.07 0.21 0.55
PV-04 43.00 45.00 2.00 0.05 0.16 0.39
PV-04 45.00 47.00 2.00 0.03 0.38 1.37
PV-04 47.00 49.00 2.00 0.15 0.36 0.95
PV-04 49.00 50.00 1.00 0.01 0.06 0.09
PV-04 50.00 51.00 1.00 0.01 0.02 0.02
PV-04 51.00 53.00 2.00 0.01 0.07 0.10
PV-04 53.00 54.95 1.95 0.01 0.16 0.19
PV-04 54.95 57.00 2.05 0.06 0.24 0.87
PV-04 57.00 59.00 2.00 0.01 0.11 0.35
PV-04 59.00 60.00 1.00 0.00 0.09 0.05
PV-04 60.00 62.00 2.00 0.01 0.11 0.09
PV-04 62.00 64.00 2.00 0.05 0.30 0.90
PV-04 64.00 66.00 2.00 0.05 0.22 0.66
PV-04 66.00 68.00 2.00 0.05 0.15 0.44
PV-04 68.00 70.00 2.00 0.02 0.10 0.19
PV-04 70.00 72.00 2.00 0.01 0.10 0.16
PV-04 72.00 74.00 2.00 0.02 0.12 0.22
PV-04 74.00 76.00 2.00 0.08 0.08 0.37
PV-04 76.00 78.00 2.00 0.03 0.08 0.12
PV-04 78.00 80.00 2.00 0.04 0.13 0.27
PV-04 80.00 82.00 2.00 0.01 0.15 0.44
PV-04 82.00 84.00 2.00 0.11 0.41 1.40
PV-04 84.00 86.00 2.00 0.06 0.19 0.65
PV-04 86.00 88.00 2.00 0.06 0.16 0.43
PV-04 88.00 89.20 1.20 0.09 0.18 0.89
PV-04 89.20 90.90 1.70 0.04 0.20 0.89
PV-04 90.90 93.50 2.60 0.00 0.01 0.01

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Appendix 3 – Further information relevant to the deferred consideration

Exploration Licence Milestone

E-46’s Penikat Project is in an area designated as a Natura 2000 environmental site. Stretching over 18% of the EU’s land area and more than 8% of its marine territory, Natura 2000 is the largest coordinated network of protected areas in the world. It is also designated as a ‘Mire Conservation Area’ under Finnish law.

The outcome of the Applications will heavily impact the value of the Transaction and Kingsrose’s intentions to continue exploring the Penikat Project pursuant to the licences (“Exploration Licences”).

Customary to Finnish Law, and by reason of the environmental protections over the Penikat Project, the ‘performance’ of granting the Exploration Licences requires extensive regulatory review and is not without risk.

The granting an Exploration Licence will require:

  • the preparation of a Natura Assessment to identify (among other things) protected species and habitats;

  • based on the Natura Assessment findings there may be restrictions on the exploration activities allowed or ‘no-go’ areas, and in order to achieve an Exploration Licence Kingsrose will need to put forward a plan to avoid sensitive habitats and implement mitigating measures to protect the environment (potentially including and not limited to only drilling during periods of snow cover, not operating near protected bird nests during nesting seasons etc.); and

  • the Ministry of Environment (“MoE”) will assess and provide an opinion on the Natura Assessment submissions before TUKES (the authority that grants exploration licences in Finland) can approve an exploration licence that may contain operating restrictions recommended by the MoE. The extent of these restrictions may preclude Kingsrose from being able to access and work on a sufficient area to justify work on the exploration licence and payment of the deferred consideration, hence the Transaction includes the ‘performance milestone’ of achieving approval to access not less than 80% of the currently planned drill sites.

Additionally, prior to the award of an Exploration Licence there is an opportunity for public appeal, and such appeals may result in an Administrative Court process, further delaying the grant of an Exploration Licence and putting the outcome at risk if the appeal is upheld, however there is recent precedent of the exploration licence award being upheld by the administrative court in similar settings.

The typical timeframes are as follows:

  • preparation and submission of Natura Assessment and Applications: 1 year

  • MoE review followed by TUKES grant of licence (with conditions): 1-2 years

  • Administrative Court appeal process (if commenced): 1-2 years

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Note that the Company intends to submit an Application and Natura Assessment over a portion of the Penikat Project during 2021, and the additional Natura Assessments and Applications are intended to be made in Q3 2022.

Porsanger Drilling Milestone

With regards to the Drilling Milestone (completion of 5,000 metres of drilling) in respect of the Porsanger concessions in Norway, a drilling programme has not been commenced nor attempted by E-46.

The drilling programme in respect of the Porsanger concessions will only be made possible as a consequence of completion of the future funding of that drilling programme by Kinsrose, as E-46’s ultimate holding company.

The drill programme will only be capable of successful conclusion should Kingsrose Mining:

  • fund the drilling programme from its existing cash balances, any revenue from its existing assets and/or further debt or equity financing; and

  • be successful in acquiring additional land user approvals.

==> picture [595 x 63] intentionally omitted <==

==> picture [595 x 83] intentionally omitted <==

Appendix 4 – Pro Forma Issued Capital

Security Prior to Completion Following Completion Following issue of
Deferred Consideration
Ordinary shares 730,007,352 746,426,519 777,890,686
Options 13,200,000 13,200,000 13,200,000
Performance rights 5,000,000 5,000,000 5,000,000

==> picture [595 x 63] intentionally omitted <==

More from KINGSROSE MINING LIMITED

Director's Dealing 2026
Jun 2
Director's Dealing 2026
May 21
Regulatory Filings 2026
May 20
Regulatory Filings 2026
May 19
Board/Management Information 2026
May 18
Director's Dealing 2026
May 11
Director's Dealing 2026
May 7
Board/Management Information 2026
May 5
Share Issue/Capital Change 2026
May 5
Interim / Quarterly Report 2026
Apr 29
View all filings →