LATITUDE 66 LIMITED — Capital/Financing Update 2016

Jul 26, 2016

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Assets, Experience, Growth

ASX ANNOUNCEMENT – 27 July 2016

SYNDICATED METALS ACQUIRES HIGHLY PROSPECTIVE GOLD PROJECT IN WA’S LAVERTON DISTRICT

HIGHLIGHTS

• Syndicated to acquire 100% of the Monument Gold Project, located in WA’s world‐class Laverton region, through the purchase of private company Monument Exploration Pty Ltd for a combination of cash and shares and a royalty.

• The Monument Project comprises a 210km[2] tenement portfolio located adjacent to the 3.2Moz Mount Morgans Gold Project, currently being explored by Dacian Gold (ASX: DCN).

• The project covers a 16km strike length of the same BIF (banded iron formation)/porphyry sequence which hosts the key Westralia and Morgans North deposits at Mount Morgans. The project area covers +25km of the Ninnis and Claypan Fault Zones – key regional geological structures.

• The project area includes two lightly drilled zones of gold mineralisation at Korong and Waihi, which have returned ore grade intercepts from drilling by Carpentaria Exploration in the late 1980s. These two areas also contain numerous historical workings.

• The newly acquired project represents an attractive exploration and growth opportunity for Syndicated in the WA gold sector, following an extensive search for suitable new project opportunities outside of its Queensland copper‐gold assets.

Syndicated Metals Limited (ASX: SMD – “Syndicated” or “the Company”) is pleased to advise that it has reached agreement to acquire the highly prospective Monument Gold Project in WA’s Laverton gold province, through the purchase of unlisted company Monument Exploration Pty Ltd (“Monument”).

Syndicated will acquire Monument for $50,000 in cash and 23,767,082 fully paid ordinary Syndicated shares, to be issued to the Vendor at a price of 0.8415 cents each ($200,000 total share consideration), which is the 5‐day VWAP for Syndicated shares prior to execution of the agreement. Shareholder approval will not be sought for the issue of Syndicated shares to the Vendor. The Vendor will also receive a 0.5% gross royalty paid on future gold production of up to 100,000 ounces from the tenements.

The Monument Gold Project comprises a 210km[2] tenement package located ~55km west of Laverton in the world‐class Laverton gold district of WA, which hosts numerous multi‐million ounce gold mines such as Sunrise Dam (+10Moz), Wallaby (+8Moz), Granny Smith (+2Moz) and Lancefield (+2Moz).

The package comprises four contiguous tenements (three of which are granted and one of which is pending) which lie immediately to the north‐west of the 3.2Moz Mount Morgans Gold Project, currently being explored by Dacian Gold Limited (ASX: DCN) (refer Dacian Gold announcement 25 July 2016)(see Figure 1).

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Figure 1 – Location of the Monument Gold Project showing regional geology and nearby mining operations

This area is a well‐established mining district with excellent infrastructure and access including the sealed Leonora‐to‐Laverton road (which runs through the project), a new gas pipeline and a sealed airstrip at Laverton.

The Monument Gold Project tenements cover an approximate 25km strike length of the Ninnis and Claypan Fault Zones, the two significant regional geological structures which control gold and nickel mineralisation identified further south particularly at the Mount Morgan Gold Project (see Figure 1).

The acquisition provides Syndicated shareholders with exposure to an outstanding gold exploration opportunity in a world‐class gold province. The Laverton Tectonic Zone has produced more than 30 million ounces of gold and yielded some of Australia’s best known gold mines.

The last concerted phase of exploration on the Monument tenements was undertaken by Carpentaria Exploration and Western Mining Corporation in the late 1980s and early 1990s.

Carpentaria Exploration drilled the Waihi and Korong prospects, both of which contain near surface historical gold workings, some dating back to the last century.

The Korong mine produced some 2,875t of ore at an average grade of 35.6g/t Au while the Waihi mine produced 424 tonnes of ore at an average grade of 67.9g/t Au. Most of these workings were abandoned by 1910.

A total of 142 historical drill holes have been recorded on the tenements, most of which were drilled under and immediately along strike of the historical workings at the Waihi and Korong prospects. Drilling rarely penetrated the oxidized zone which in the area ranges from 20m to 80m.

The last recorded drill hole was completed in 2003.

Exploration on the adjoining tenements by Dacian has highlighted the importance of the confluence of the Ninnis Fault Zones with the BIF/Ultramafic unit, which hosts the Westralia and Morgans North deposits in localizing high‐grade gold mineralisation. The Korong and Waihi mineralisation further north displays similar quartz veining and sulphide alteration at contacts between the BIF/porphyry and ultramafic unit as seen at Westralia (see Figure 2).

Syndicated believes this horizon is highly prospective for gold discoveries, and intends to concentrate initially on the main 16km long Korong‐Waihi trend as a focus for near‐term exploration activities.

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Figure 2 – Monument Project tenements showing the Korong and Waihi gold prospects over regional magnetics

Baseline geophysical surveys were undertaken in 2011 using Induced Polarisation (IP). These IP surveys have revealed a number of untested targets along the Korong‐Waihi trend which represent potential additional drilling targets.

The Korong prospect is covered by granted Exploration Licences, which means that Syndicated can commence drilling activities on these tenements almost immediately. While previous near surface drilling returned ore grade intercepts from the sequence it is envisaged that deeper drilling into the footwall of the ultramafic sequence will be required to fully test the targets at Korong.

A cross‐section of the Korong prospect based on historical drilling is shown in Figure 3 and listed in Appendix 1. The crossection, highlights the BIF sequence which hosts the gold mineralisation. A representative section from the Westralia deposit at Dacian Gold’s nearby Mount Morgans Gold Project is shown for comparative purposes on the right.

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Figure 3 ‐ Korong cross‐section (left); representative cross‐section from the Westralia deposit (Dacian Gold) (right) (See Dacian Gold announcement 30 July 2015)

Management Comment

Syndicated Metals’ Managing Director, Mr Andrew Munckton, said the Company had identified and secured the Monument Gold Project following an extensive search for potential new precious and base metal opportunities Australia‐wide.

“This opens up an exciting new exploration opportunity for the Company in the gold sector, which is currently enjoying a high level of investor interest,” he said.

“The Laverton district is a prime address for gold exploration, and this project is strategically located immediately along strike from one of the most significant new gold projects currently being developed in Australia at Mount Morgans.

“From a geological, structural and geophysical perspective, it ticks virtually every box for us as a greenfields exploration opportunity in gold, and we are very much looking forward to getting on the ground to commence exploration.”

ENDS

For further information:

Investors

Andrew Munckton – Syndicated Metals Mobile: 0435 635 598

Media

Nicholas Read – Read Corporate Mobile: 0419 929 046

Competent Person’s Statement

The information in this report that relates to Exploration Targets, Exploration Results and Mineral Resources is based on and fairly represents information and supporting documentation compiled by Mr Andrew Munckton who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”). Mr Munckton is a full‐time employee of Syndicated Metals Limited and consents to the inclusion in the report of the Exploration Targets, Exploration Results and Mineral Resources in the form and context in which they appear.

Exploration Targets

This report comments on and discusses Syndicated Metals Limited’s exploration in terms of target size and type. The information relating to Exploration Targets should not be misunderstood or misconstrued as an estimate of Mineral Resources or Ore Reserves. The potential quantity and quality of material discussed as Exploration Targets is conceptual in nature since there has been insufficient work completed to define them as Mineral Resources or Ore Reserves. It is uncertain if further exploration work will result in the determination of a Mineral Resource or Ore Reserve.

Appendix 1 ‐ Drill Hole Summary

Hole ID	Northing (m)	Easting (m)	Depth (m)	Dip	Azi	From (m)	To (m)	Interval (m)	Au (ppm)
MKRC‐54	6831492	398698	7	‐60	239	2	4	2	2.4
MKRC‐55	6831495	398702	12	‐60	239	8	10	2	1.7
MKRC‐56	6831497	398706	18	‐60	239	11	13	2	1.7
MKRC‐4	6831501	398711	25	‐60	239	14	18	4	1.4
MKRC‐49	6831508	398729	27	‐60	239		NSA
MKRC‐50	6831518	398747	39	‐60	239		NSA
MKRC‐11	6831525	398763	71.4	‐90	360	44	46	14	3.2
MKRC‐15	6831536	398770	74	‐60	239	50	52	2	2.6
						60	62	2	1.7
						66	68	2	1.6
MKRC‐24	6831548	398790	74.8	‐60	239	64	66	2	1.4
						72	74.9	2.9	7.5
MK‐12	6831550	398795	120.2	‐90	360	104.2	108.2	4.0	5.3
MKRC‐9	6831563	398804	27	‐60	239		NSA
MKRC‐25	6831567	398811	95.4	‐60	239	93	94	1	3.0
MKRC‐10	6831569	398825	24	‐60	239		NSA
KRC‐2	6831564	398830	148	‐90	360	132	133	1	2.7
MK‐37	6831589	398866	153	‐90	360	142.6	146.1	3.5	3.0
MK5‐6RC7	6836471	394566	27	‐60	218		NSA
MK‐32	6836481	394578	62	‐60	220	38	40	2	8.8
MK‐33	6836505	394600	110.6	‐70	220	90.6	91.6	1	10.8

Criteria JORC Code explanation	Criteria JORC Code explanation
Section 1 ‐ Sampling Techniques and Data
Sampling techniques	Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	Exploration was undertaken by Carpentaria Exploration Pty Ltd between 1977 and 1988 and by Carpentaria Gold Pty Ltd between 1994 and 1995. Eighty two (82) RC holes, and 15 Diamond Drill Holes were completed during this period. A total of 7459 metres of drilling was reported principally at the Korong and Waihi Prospects with gold mineralisation the principal target. Western Mining Corporation completed follow up drilling between 1989 and 1993 with gold and nickel mineralisation the focus principally at the Anomaly 39 prospect. 38 RC holes and 5 diamond holes were completed for 1993 metres. RC and Percussion results were generally at 1.0m samples. Diamond drilling results were reported as assays of ½ or ¼ cores with mineralised intercepts varying between 0.1m and 14.0 metres with average length of 2.2m.
	Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.	Sampling was carried out using standard RC and Percussion drilling procedures applicable to Carpentaria Exploration and Western Mining Exploration at the time. RC and Percussion Drilling was undertaken by reputable drilling contractors. No QA/QC data is available to provide a measurement of representivity of the RC or Percussion drilling sampling system or tools. Sample recovery was recorded as good for the various RC and Percussion programs. Diamond drilling was undertaken by Glindemann and Kitching using NQ and HQ sized core after drilling of an RC precollar to base of oxidized rock. Cores of mineralisation were sawn in ½ core or ¼ core sections of the mineralisation intersection length.
	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 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	Drilling was used to obtain a generally 1m sample in RC or Percussion drilling. Samples were Riffle split to approximately 2.5kg for assay. The samples submitted for assay were given a unique sample ID and shipped to a variety of laboratories. Labs included SGS, Genalysis, Ultratrace and Australian Assay Labs in Leonora, Kalgoorlie and Perth. Samples were dried, pulverised and generallyassayed for Au. Gold was analysed using

	detailed information.	fire assay. Fire assay charge varied between 30g and 50g. In Diamond Drilling, samples were obtained from split core. Samples were generally 3.0kg and dispatched to assay labs as for RC samples. Assaying of drill core was for Au, Ag, Ni, Cu, Co, As, and Zn by acid digest with an AAS finish. Gold was analysed using fire assay. Fire assay varied between 30g and 50g charge.
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).	RC Drilling has been undertaken using a face sampling percussion hammer with 5 ¼” to 5 ½" bits. Earlier drill programs (Carpentaria Exploration) prior to 1981 used Percussion and RC drilling with “crossover” sample collection approximately 1.0m from the sample face. Diamond core used standard tube and wireline recovery systems. Core was oriented using pencil impact or Craeleus method.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed.	RC drilling recoveries were monitored visually by means approximating bag weight to theoretical weight followed by checking sample loss through outside return and sampling equipment. Sample recoveries were recorded on drilling logs. “Wet” samples were recorded as having lower quality sample recovery. Core Recovery was recorded on Drilling logs. Core recovery was generally >98% except were fractured ground was recorded on drilling logs.
	Measures taken to maximise sample recovery and ensure representative nature of the samples.	RC holes were collared with a well‐fitting stuffing box to ensure material to outside return was minimized. Comments around sample recovery were recorded on drilling logs.
	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.	Recovery was visually checked and sample loss of the fine or coarse fraction was minimized by monitoring drilling procedure.
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.	Logging was completed by a Geologist using standard logging procedures and standard logging codes for both Carpentaria Exploration and Western Mining Corporation Exploration. This logging was developed to accurately reflect the geology of the area and mineralisation styles. Paper recorded logging has been reported for all drill holes.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	Logging is qualitative and quantitative in nature and captured downhole depth, colour, lithology, texture, alteration, sulphide type, sulphide percentage and structure.
	The total length and percentage of the relevant intersections logged.	All RC and Diamond drillholes are logged in full.

Sub‐sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken.	Core was cut into either ½ core or ¼ core.
	If non‐core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	The RC samples were split by the multiple pass riffle splitter after collection in plastic bags within the cyclone of the drilling rig. Majority of the samples were recorded as dry and minimal wet samples were encountered.
	For all sample types, the nature, quality and appropriateness of the sample preparation technique.	The samples were sent to an accredited laboratory for sample preparation and analysis. SGS, Genalysis, Ultratrace and ALS Laboratories follows industry best standards in sample preparation including: optimal drying of the sample, crushing and pulverization of the entire sample to a grind size of 80%passingat either 106 or 75 microns.
	Quality control procedures adopted for all sub‐ sampling stages to maximise representivity of samples.	Quality Control (QC) procedures involved the use of reference material ‐ with blanks and field sample duplicates. For the analysis of RC and Percussion samples the Quality Control (QC) procedures involved the use of laboratory duplicates and Standards to determine accuracy and precision. The Standards used were analysed at a rate of 1 per 20 samples. Laboratory Duplicates were analysed at a rate of 1 in 10 generally with a repeat bias toward ore grade (>1.0g/t Au) material
	Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field _duplicate/second‐half sampling. _	Nil available.
	Whether sample sizes are appropriate to the grain size of the material being sampled.	The sample sizes are believed to be appropriate to correctly represent the style and thickness of gold mineralisation in the Laverton region.
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.	The use of AAS for gold is considered a total leachable gold assay. Fire assay are classified as total assays.
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibration factors applied and their derivation, etc.	No geophysical tools were used to determine any element concentrations used in the resource estimate.
	Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) andprecision have been established.	Carpentaria Exploration and WMC Exploration required laboratories to insert certified standards, blanks, and check replicates as part of their own internalprocedures.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	None undertaken for this historical drilling data.
	The use of twinned holes.	None undertaken for this historical drilling data.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	Geological and sampling information was collected using a paper logging system. Paper logs have been converted to electronic data storage.
	Discuss any adjustment to assay data.	None undertaken for this historical drilling data.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down‐hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	Initial collar locations were determined by hand held survey instruments and recorded on drilling logs. Final drillhole collarpositions were surveyed by

		licenced surveyors. Nil downhole surveys are recorded for RC or Percussion drilling. Diamond drilling has recorded downhole surveys by Eastman single shot and multishot camera.
	Specification of the grid system used.	Local grid converted to AMG.
	Quality and adequacy of topographic control.	Drillholes are surveyed by licensed surveyors at the conclusion of theprogram.
Data spacing and distribution	Data spacing for reporting of Exploration Results.	Drill spacing in these historical programs were generally 40 metres by 20 metres. However spacing varies significantly away from the Korong and Waihiprospect drilling.
	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.	The drill spacing in these historical programs is sufficient to establish geological continuity at Korong and Waihi prospects only. The spacing is considered not sufficient to classify these prospects as a Mineral Resource. Away from Korong and Waihi prospects the drill spacing is insufficent to establish geological continuity.
	Whether sample compositing has been applied.	All samples were collected at 1m sample intervals. No compositing was completed.
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.	The predominant drill orientation of the drilling is –60 to local grid west. At this orientation the intercepts are approximately 90% of true widths. Deeper drilling at Korong was oriented vertically. At this orientation intercepts are approximately 75% of true width. From the sampling to date no bias has been identified due to the orientation.
	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.	No bias is currently known.
Sample security	The measures taken to ensure sample security.	No documentation of the sample security procedures is available for the historical information.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	No audits or reviews have been undertaken.

Criteria	JORC Code explanation
Section 2 – Reporting of Exploration Results
	Type, reference name/number,				location		and	The Waihi deposit is located within E39/1866. The
	ownership including agreements or material issues							current registered holder for E39/1866 is
	with third parties such		as	joint		ventures,		Monument Exploration Pty Ltd. E39/1866 is an
	partnerships, overriding	royalties,			native		title	application for an Exploration Licence. There are
	interests, historical sites, wilderness			or national park				no objections to the grant of the application.
	and environmental settings.
								The Korong deposit is located within P39/5520.
								The current registered holder of tenements
Mineral tenement and land tenure								P39/5520, P39/5519 and E39/1846 is Robin C Cooper. These tenements are currently in the process of being transferred to Monument Exploration Pty Ltd.
status
								5 small registered Aboriginal Sites are located
								within the boundary of the Application E39/1886.
								No native title exists over P39/5520, P39/5519 and
								E39/1846.
	The security of the tenure		held	at the		time of		The tenements are in good standing and no known
	reporting along with any	known		impediments to				impediments exist.
	obtaining a licence to operate		in the	area.

	Criteria JORC Code explanation	Criteria JORC Code explanation	Criteria JORC Code explanation
	Section 2 – Reporting of Exploration Results
	Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.	The Waihi deposit is located within E39/1866. The current registered holder for E39/1866 is Monument Exploration Pty Ltd. E39/1866 is an application for an Exploration Licence. There are no objections to the grant of the application. The Korong deposit is located within P39/5520. The current registered holder of tenements P39/5520, P39/5519 and E39/1846 is Robin C Cooper. These tenements are currently in the process of being transferred to Monument Exploration Pty Ltd. 5 small registered Aboriginal Sites are located within the boundary of the Application E39/1886. No native title exists over P39/5520, P39/5519 and E39/1846.
		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.	The tenements are in good standing and no known impediments exist.
Exploration done by other parties		Acknowledgment and appraisal of exploration by other parties.	No work by other parties is reported as part of this announcement.
Geology		Deposit type, geological setting and style of mineralisation.	The deposit(s) are shear hosted deposits within Banded Iron Formation of the Laverton belt associated with the Ninnis and Claypan Fault Zones. The N and NW striking surface expressions of gold mineralisation indicate steep east dips associated with shear zones, and varies from 2m to 15m true thickness within an alteration zone generally considered to be typical of shear zones and vein style gold mineralisation found elsewhere in the Laverton district.
Drill hole Information		A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:	Refer to attached Appendix 1.
		Easting and northing of the drill hole collar	Refer to attached Appendix 1.
		Elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar	Refer to attached Appendix 1.
		Dip and azimuth of the hole	Refer to attached Appendix 1.
		Down hole length and interception depth	Refer to attached Appendix 1.
		Hole length.	Refer to attached Appendix 1.
		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.	Refer to attached Appendix 1.
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.	Refer to attached Appendix 1.

	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 high grades in the exploration results have not been cut. Weighted averaging has only occurred in diamond drilling, where irregular sample intervals were taken.
	The assumptions used for any reporting of metal equivalent values should be clearly stated.	No metal equivalent values are used for reporting exploration results.
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results.	No metal equivalent values are used for reporting exploration results.
	If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.	Drilling at Korong and Waihi was undertaken at an azimuth of 225 Degrees to SSW and a dip of ‐60 to ‐90, The orientation of the target area/ore zone has a strike of 315 degrees and dips ‐45 to the east. The intersection angles for the majority of drilling were at an angle ‐75 to 90 degrees to the mineralised zones. Therefore reported downhole intersections for ‐60 degree holes are approximate to 90% of true width of the ore zone. The degree of this depends on the orientation of the hole.
	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’). _	Refer to attached Appendix 1. See above.
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Refer Figures 1, 2 and 3.
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.	Results for Korong section illustrated in Figure 3 are reported.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	Geological observations reported for Korong and Waihi deposits are taken from historical drilling reports by Carpentaria Exploration and Western Mining Corporation.
Further work	The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large‐scale step‐out drilling).	N/A.
	Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	Refer Figures 1, 2 and 3.