AI assistant
LEGEND MINING LIMITED — Interim / Quarterly Report 2021
Oct 18, 2020
65223_rns_2020-10-18_c91cc8d3-e0d5-4bd7-bf0b-40dcec8ebc56.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
19 October 2020
==> picture [548 x 77] intentionally omitted <==
SEPTEMBER 2020 QUARTERLY REPORT
LEGEND MINING LIMITED
ASX Symbol: LEG ABN 22 060 966 145
Level 1, 8 Kings Park Road West Perth Western Australia 6005
PO Box 626
West Perth
Western Australia 6872
Phone: +61 8 9212 0600 Facsimile: +61 8 9212 0611 Email:
HIGHLIGHTS – Rockford Project, Fraser Range
-
12.95m of massive nickel-copper sulphide in RKDD023 (within a 90m mineralised zone) 200m from previously announced massive intercepts
-
15.45m of massive nickel-copper sulphide across three zones in RKDD027 (plus 10.8m of semi-massive and matrix sulphide)
-
3D modelling of detailed gravity survey highlights scale of Mawson Intrusive
-
Team and treasury bolstered by appointment of Executive Director and option exercise
Website: www.legendmining.com.au
CONTACT
Mr Mark Wilson Managing Director
OVERVIEW
Legend has completed its busiest ever quarter of field activities at the Rockford project with diamond, RC and aircore drilling ongoing and geophysics and assay reporting playing catch up. There has been further success, with massive nickel copper intercepts in diamond holes 23 and 27 along with broader zones of nickel copper sulphide mineralisation.
Mr Oliver Kiddie Executive Director
PROJECTS
Rockford - Fraser Range: Nickel-Copper (Ni-Cu) Copper-Zinc-Silver (Cu-Zn-Ag) Gold (Au)
The quality and scale of Rockford has been highlighted by the development of the Mawson 3D gravity model (with mag inversion, geochemistry and structural inputs) along with the regional MLTEM success at Hurley.
On the corporate front, Legend has also had a progressive quarter, with the appointment of Mr Oliver Kiddie as an Executive Director and +$6M of options being exercised. These are both important ingredients to give Legend the firepower to advance the Rockford project at the current rate of activity and expenditure, which was approximately double that of prior periods.
1 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
1. ROCKFORD PROJECT (Fraser Range District)
- Nickel-Copper, Copper-Zinc-Silver, Gold
Legend’s Rockford Project is located in the highly prospective Fraser Range district of Western Australia and considered prospective for mineralisation styles including magmatic nickel-copper, VMS zinc-copper-silver and structurally controlled gold.
The Rockford Project comprises 14 contiguous granted exploration licences covering a total area of 3,088km[2] (see Figure 1). A detailed breakdown of ownership, area and manager is given below:
-
Legend (100%) 238km[2]
-
Legend (70%)/Creasy Group (30%) two JVs covering 2,192 km[2] with Legend manager
-
IGO (60%)/Creasy Group (30%)/Legend (10% free carry) JV covering 634km[2 ] with IGO manager
-
IGO (70%)/Legend (30% free carry) JV covering 24km[2 ] with IGO manager
Exploration activities completed during the September 2020 Quarter at Rockford focussed on the Mawson prospect and included: diamond drilling, RC drilling, downhole electromagnetic (DHTEM) surveying, structural and lithogeochemical studies, and geophysical inversion modelling. Moving loop electromagnetic (MLTEM) surveying and modelling was also undertaken at the Hurley, Crean, and Worsley prospects at Rockford South (see Figure 1).
==> picture [434 x 378] intentionally omitted <==
Figure 1: Rockford Project with Current Prospect Locations over Regional Gravity
2 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
Mawson 3D Inversion Modelling
During the September 2020 Quarter datasets including detailed aeromagnetics and detailed gravity were combined to create the first constrained and unconstrained 3D inversion models over the Mawson Ni-Cu discovery (see Figure 2). The resultant 3D models give the first depiction of the scale of the Mawson Intrusion and the associated prospectivity for discovery of further Ni-Cu sulphide mineralisation not only at the Mawson Intrusion, but the greater 16km x 6km Mawson Intrusive Complex. These models form an exploration model foundation for Mawson, and will continue to evolve as additional geological, structural, geophysical, and geochemical data is continually added through ongoing exploration.
==> picture [481 x 271] intentionally omitted <==
Figure 2: Orthographic projection of the 3D Gravity Inversion Model of the Mawson Intrusion
Mawson Diamond Drilling
Diamond drilling continued at Mawson during the September 2020 Quarter, with the completion of seven holes (RKDD021-RKDD027) for 2622.4m (Figure 3 & Table 1). The diamond drillholes were following up massive sulphide Ni-Cu mineralisation intersected in previous drillholes as well as targeting DHTEM conductors generated from diamond and RC drilling. Assay results were received for RKDD015 and RKDD018 (see Table 2).
3 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
==> picture [492 x 349] intentionally omitted <==
Figure 3: Mawson Diamond Drillhole Locations over Aeromagnetics
==> picture [494 x 160] intentionally omitted <==
----- Start of picture text -----
Table 1: Mawson Diamond Drillhole Details
Hole MGA94-East MGA94-North RL Azimuth Dip Total Depth
RKDD015 638,645 6,598,600 202 270 [0] -60 [0] 341.6
RKDD018 638,462 6,598,560 202 88 [0] -60 [0] 337.1
RKDD021 638,605 6,598,630 202 090 -60 [0] 483.2
RKDD022 638,620 6,598,520 202 268 -63.5 [0] 333.9
RKDD023 638,580 6,598,655 202 088 -58.5 [0] 399.8
RKDD024 638,555 6,598,480 200 90 -60 [0] 367.2
RKDD025 638,583 6,598,655 200 88 -50 [0] 297.0
RKDD026 638,405 6,598,680 200 90 -50 [0] 449.9
RKDD027 638,617 6,598,540 200 268 -60 [0] 291.4
Total 3,301.1
----- End of picture text -----
- Drillholes reported in June 2020 Quarter GDA94 MGA Zone 51
4 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
Further significant massive sulphide intervals were intersected in drillholes RKDD023 and RKDD027, while broad intervals containing disseminated to semi-massive sulphides were intersected in RKDD015, RKDD018, RKDD021, RKDD022, RKDD024, and RKDD025. Drill sections displaying geology and mineralised intervals are presented in Figures 4, 5, and 6. (Further drillhole detail is provided in ASX announcements: 7 July 2020, 14 August 2020, 27 August 2020, 8 September 2020, and 5 October 2020).
==> picture [491 x 140] intentionally omitted <==
----- Start of picture text -----
Table 2: Mawson Diamond Drillhole Significant Assay Results
Hole From To Int Ni% Cu% Co% Sulphide Type
Disseminated, blebby, heavy
RKDD015 87.5 161.0 73.5 0.32 0.29 0.02 disseminated, net-textured semi-
massive
RKDD015 279.0 303.3m 24.3 0.22 0.26 0.02 Disseminated
RKDD018 97.9 117.1 19.2 1.69 1.23 0.09 Massive, matrix, disseminated
Incl. 103.7 108.2 4.5 3.05 2.32 0.19 Massive, semi-massive, matrix
Heavy disseminated, blebby,
RKDD018 130.7 165.35 34.65 0.51 0.35 0.03
disseminated
----- End of picture text -----
See Appendix 1 for Summary of Sulphide Mode, Type and Percentage
==> picture [487 x 355] intentionally omitted <==
Figure 4: Drill Section 6,598,600N Showing Diamond Drillhole RKDD015
5 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
==> picture [439 x 319] intentionally omitted <==
Figure 5: Drill Section 6,598,560N Showing Diamond Drillhole RKDD018
==> picture [442 x 322] intentionally omitted <==
Figure 6: Drill Section 6,598,540N Showing Diamond Drillhole RKDD027 *Note – this section does not accurately depict the actual 3D hole separation SEPTEMBER 2020 QUARTERLY REPORT 6 | PP
6 | PP a g e
==> picture [548 x 77] intentionally omitted <==
Mawson RC Drilling
A total of 21 RC holes (RKRC014 – RKRC034) have been completed for 6,587m during the September 2020 Quarter. The programme has been focused at the Mawson Ni-Cu discovery with an initial west to east traverse testing three targets; the upper Ni-Cu sulphide zone between diamond holes RKDD007 and RKDD015, the main gravity high and the eastern aircore Ni-Cu-Co geochemical anomaly (see Figure 7).
The initial programme was extended and remains ongoing at the time of writing this September 2020 Quarterly Report. The RC drilling provides an excellent cost-effective and time-effective alternative to diamond drilling, whilst also providing broader coverage of geology as well as DHTEM platforms at Mawson. (Further drillhole detail is provided in ASX announcements: 28 July 2020, 8 September 2020, 5 October 2020).
Significant results from the completed RC drilling with assays received are below in Table 3.
==> picture [491 x 348] intentionally omitted <==
----- Start of picture text -----
Table 3: Mawson RC - Assay Results
Hole From To Interval Ni% Cu% Co%
RKRC011 50 69 19 0.17 0.08 0.02
RKRC011 106 118 12 0.16 0.11 0.02
RKRC011 141 146 5 1.63 1.29 0.09
RKRC012 51 137 86 0.44 0.36 0.03
Incl. 51 74 23 0.34 0.25 0.03
Incl. 74 93 19 0.57 0.62 0.04
Incl. 78 83 5 0.66 1.31 0.05
Incl. 117 137 20 0.52 0.36 0.03
RKRC015 53 62 9 0.20 0.07 0.04
RKRC015 124 128 4 0.10 0.07 0.01
RKRC016 61 110 49 0.22 0.08 0.02
Incl. 62 80 18 0.42 0.14 0.04
RKRC018 90 128 38 0.17 0.10 0.02
RKRC018 154 164 10 0.12 0.08 0.01
RKRC019 58 107 49 0.13 0.10 0.01
RKRC020 60 127 67 0.20 0.11 0.02
Incl. 62 73 11 0.40 0.18 0.05
RKRC022 58 70 12 0.18 0.08 0.02
RKRC022 124 132 8 0.12 0.07 0.01
----- End of picture text -----
7 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
==> picture [506 x 289] intentionally omitted <==
Figure 7: RC Drilling Completed over Gravity Image
Mawson Aircore Drilling
Assay results were received from aircore drillholes (RKAC832 - RKAC868) at Mawson. Anomalous NiCu values were returned from six of the 37 drillholes and are associated with olivine bearing mafic/ultramafic host rocks (see Figure 8, Table 4 & Appendix 2).
These and previously released aircore results have defined the NE-SW trending eastern geochemical anomaly over an area of 1,200m x 200m. The results from drillholes RKAC838-842 along with previous holes have returned broad intersections ranging from 21m to 43m with anomalous Ni-Cu over 400m in a north-south direction as depicted in Figure 8. (Further drillhole detail is provided in ASX announcement 21 July 2020) .
Table 4: Mawson Aircore Assay Results
==> picture [508 x 129] intentionally omitted <==
----- Start of picture text -----
Hole From To Interval Ni% Cu% Co%
RKAC832 64 94 EOH 30m 0.10 0.03 0.02
RKAC838 68 111 EOH 43m 0.09 0.06 0.01
RKAC839 76 97 EOH 21m 0.10 0.02 0.02
RKAC840 80 106 EOH 26m 0.10 0.02 0.02
RKAC841 72 110 EOH 38m 0.20 0.05 0.03
RKAC842 64 107 EOH 43m 0.12 0.02 0.02
----- End of picture text -----
8 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
==> picture [467 x 320] intentionally omitted <==
Figure 8: Anomalous Ni-Cu Aircore Results over Gravity Image
Regional Rockford Aircore Drilling
A further 160 aircore holes (RKAC869 – RKAC1028) for 10,387m were drilled across selected areas of the north western Rockford Project during the September 2020 Quarter. The drilling has been designed to test the geochemistry, rock type and depth of cover in areas which have received minimal or no previous exploration. This aircore programme has been extended by 16,000m as per ASX release 1 October 2020 (see Figure 9).
Samples from the aircore drilling have been submitted for assay, with results pending at the time of writing this September 2020 Quarterly Report.
9 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
==> picture [381 x 381] intentionally omitted <==
Figure 9: Proposed Regional Aircore Drilling Programme
Rockford Regional Geophysics
Geophysical results from innovative MLTEM surveys over the Hurley, Crean, and Worsley prospects were received, and modelling completed (see Figure 9 and Figure 10).
A total of five conductors were identified or better defined by the recent surveys and are summarised in Table 5.
Table 5: Rockford South MLTEM - Modelled Plate Parameters
==> picture [491 x 103] intentionally omitted <==
----- Start of picture text -----
Prospect Conductor Conductance Dimensions Depth to Top Orientation
Hurley H1 2,500-4,000S 250 x 1,250m 225-275m 15-25 [0] NNE
Hurley H2 200-300S 1,000 x 750m 100-150m 70-80 [0] SE
Hurley H3 4,000-7,000S 500 x 300m 100-150m ~90 [0] Strike NNE
Worsley W1 400-800S >1,000 x 1,000m 200-250m 50-60 [0] E/ESE
Crean C1 500-1,500S >1,000 x 1,000m 500-600m 60-70 [0] E/ESE
----- End of picture text -----
10 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
==> picture [476 x 326] intentionally omitted <==
Figure 10: MLTEM Survey over Worsley, Crean and Hurley Prospects
In addition, a recently completed geochemical review of the historic aircore drilling across the Rockford Project, including Mawson, highlighted Hurley as a highly-ranked geochemical target, falling within the 90[th] percentile of ranked data. Further aircore drilling is planned over these three conductors to test for anomalous geochemistry and provide information on bedrock lithologies prior to possible RC/diamond drill testing.
The previously identified Worsley conductor corresponds closely with anomalous Zn-Cu-Ag results in aircore drillholes and a 400m diamond drillhole has been designed to test this conductor. The Crean conductor requires aircore follow up to define the extent of previously identified anomalous Ni-Cu geochemistry.
Future Programmes
-
Continue diamond and RC drilling programmes at Mawson.
-
Continue aircore drill programme across the regional Rockford target areas.
-
Integration of geological and geophysical data into the Mawson 3D geological, structural and geophysical model.
-
Complete geochemical analysis of Mawson drill dataset.
-
RC/diamond drill test of Hurley and Crean dependant on aircore results.
11 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
2. CORPORATE
Director Appointment
Legend bolstered its team with the appointment of highly experienced ex-Creasy Group Geologist and Albany-Fraser Orogen expert, Mr Oliver Kiddie as Executive Director of the Company effective from 10 August 2020.
Following Mr Kiddie’s commencement as Executive Director, Mr Derek Waterfield stepped down from the Board and assumed the position of General Manager, Exploration.
Exercise of Options
During the September 2020 Quarter, 3.1 million 4 cent March 2021 unlisted options, 150 million 4 cent September 2020 unlisted options and 150,000 7.2 cent September 2022 unlisted options were exercised adding $6,134,800 to the Company’s Cash at Bank.
Jindal Receivable
Legend and Jindal agreed to a further revised repayment schedule of the outstanding debt of A$2.25M during the September 2020 Quarter. This new schedule was interest only for the first half of the calendar year 2020 with payments of $250,000 plus interest at various dates to March 2022. The interest payment for March 2020 and June 2020 of $44,774 was received on 28 July 2020. With the COVID-19 situation in India, Legend intends to show continued patience on this matter.
ASX Additional Information
-
ASX Listing Rule 5.3.1: Exploration and Evaluation Expenditure during the September 2020 Quarter was $3,168,000. Full details of exploration activity during the September 2020 Quarter are set out in this report.
-
ASX Listing Rule 5.3.2: There was no substantive mining production and development activities during the September 2020 Quarter.
-
ASX Listing Rule 5.3.5: Payments to related parties of the Company and their associates during the September 2020 Quarter: $183,000 - The Company advises that this relates to non-executive director’s fees and executive directors’ salaries and entitlements only. Please see Remuneration Report in the Annual Report for further details on Directors’ remuneration.
Authorised by Mark Wilson, Managing Director.
12 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
Competent Person Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr Oliver Kiddie, a Member of the Australasian Institute of Mining and Metallurgy and a full-time employee of Legend Mining Limited. Mr Kiddie 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 as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Kiddie consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
The information in this report that relates to Legend’s Exploration Results is a compilation of previously released to ASX by Legend Mining (7 July 2020, 21 July 2020, and 28 July 2020, 14 August 2020, 27 August 2020, 9 September 2020, 1 October 2020, 5 October 2020) and Mr Derek Waterfield and Mr Oliver Kiddie consent to the inclusion of these Results in this report. Mr Waterfield and Mr Kiddie have advised that this consent remains in place for subsequent releases by Legend of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent. Legend confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters in the market announcements continue to apply and have not materially changed. Legend confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.
Forward Looking Statements
This announcement contains “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forwardlooking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. These forward-looking statements are based upon a number of estimates, assumptions and expectations that, while considered to be reasonable by Legend Mining Limited, are inherently subject to significant uncertainties and contingencies, involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Legend Mining Limited and any of its officers, employees, agents or associates.
Actual results, performance or achievements may vary materially from any projections and forwardlooking statements and the assumptions on which those statements are based. Exploration potential is conceptual in nature, to date there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. Readers are cautioned not to place undue reliance on forward-looking statements and Legend Mining Limited assumes no obligation to update such information made in this announcement, to reflect the circumstances or events after the date of this announcement.
Visit www.legendmining.com.au for further information and announcements.
For more information: Mr Mark Wilson Mr Oliver Kiddie Managing Director Executive Director - Technical Ph: (08) 9212 0600 Ph: (08) 9212 0600
13 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
– Appendix 1 Summary of Sulphide Mode, Type and Percentage
==> picture [498 x 681] intentionally omitted <==
----- Start of picture text -----
Hole Interval Sulphide Mode Sulphide Type Sulphide %
Disseminated, blebby,
1-5%, 5-20%,
heavy disseminated, Pyrrhotite-chalcopyrite-
RKDD015 87.5-161.0 20-40%,
net-textured semi- pentlandite
>40% to <80%
massive
Pyrrhotite-chalcopyrite-
RKDD015 279.0-303.3 Disseminated 1-5%
pentlandite
Massive, matrix, Pyrrhotite-chalcopyrite- >80%, 20-40%,
RKDD018 97.9-117.1
disseminated pentlandite 1-5%
Massive, semi-massive, Pyrrhotite-chalcopyrite- >80%, >40% to
Incl. 103.7-108.2
matrix pentlandite <80%, 20-40%
Heavy disseminated, Pyrrhotite-chalcopyrite-
RKDD018 130.7-165.35 5-20%, 1-5%
blebby, disseminated pentlandite
Pyrrhotite-chalcopyrite-
RKDD021 132.2-140.0m Heavy disseminated 5-20%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD021 140.0-141.5m Net-textured 20-40%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD021 148.05-157.6m Disseminated 1-5%
pentlandite
Disseminated, Pyrrhotite-chalcopyrite- 1-5%,
RKDD021 175.1-179.9m
Net-textured pentlandite 20-40%
Pyrrhotite-chalcopyrite-
RKDD021 219.1-219.75m Semi-massive >40% to <80%
pentlandite
RKDD021 219.75-234.45m [Heavy disseminated, ] Pyrrhotite-chalcopyrite- 5-20%,
Net-textured pentlandite 20-40%
RKDD023 216.45 – 219.2m [Heavy disseminated, ] Pyrrhotite-chalcopyrite- 1-5%,
Massive pentlandite >80%
Pyrrhotite-chalcopyrite- 1-5%,
RKDD023 219.2 – 221.9m [Vein, Stringer, Semi-]
massive pentlandite >40% to <80%
Pyrrhotite-chalcopyrite-
RKDD023 221.9 – 223.75m Massive Sulphide >80%
pentlandite
>40% to <80%,
RKDD023 223.75 – 228.7m [Semi-massive, Matrix, ] Pyrrhotite-chalcopyrite- 20-40%,
Heavy Disseminated pentlandite 5-20%
Pyrrhotite-chalcopyrite-
RKDD023 228.7 – 236.9m Massive Sulphide >80%
pentlandite
Pyrrhotite-chalcopyrite- 5-20%,
RKDD023 236.9 – 237.8m [Heavy disseminated, ]
Semi-massive pentlandite >40% to <80%
Pyrrhotite-chalcopyrite-
RKDD023 237.8 – 240.7m Massive Sulphide >80%
pentlandite
Heavy disseminated, 5-20%,
Pyrrhotite-chalcopyrite-
RKDD023 240.7 – 243.95m Semi-massive, >40% to <80%,
Disseminated pentlandite 1-5%
RKDD023 243.95 – 247.3m [Heavy Disseminated, ] Pyrrhotite-chalcopyrite- 5-20%,
Net-textured pentlandite 20-40%
5-20%,
RKDD023 251.8 – 257.05m [Heavy Disseminated, ] Pyrrhotite-chalcopyrite- 20-40%,
Net-textured, Massive pentlandite >80%
RKDD023 257.05 – 263.1m [Disseminated, Blebby, ] Pyrrhotite-chalcopyrite- 1-5%,
Matrix pentlandite 20-40%
Semi-massive, Massive, >40% to <80%,
Pyrrhotite-chalcopyrite-
RKDD023 263.1 – 267.2m Matrix, Heavy >80%,
Disseminated pentlandite 20-40%
----- End of picture text -----
14 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
==> picture [498 x 326] intentionally omitted <==
----- Start of picture text -----
5-20%
Pyrrhotite-chalcopyrite- 1-5%,
RKDD023 271.2 – 275.1m [Disseminated, Net-]
textured pentlandite 20-40%
Pyrrhotite-chalcopyrite- >40% to <80%,
RKDD023 281.4 – 284.0m Semi-massive, Massive
pentlandite >80%
Pyrrhotite-chalcopyrite-
RKDD023 284.0 – 305.7m Disseminated, Blebby 1-5%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD023 305.7 – 310.4m Disseminated 1-5%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 153.7 – 162.0m Disseminated 1-5%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 162.0 – 174.9m Massive >80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 174.9 – 175.6m Matrix 20-40%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 175.6 – 176.45m Massive >80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 188.85 – 190.45m Semi-massive >40% to <80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 190.45 – 195.2m Matrix 20-40%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 215.8 – 219.55m Semi-massive >40% to <80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 231.8 – 233.5m Massive >80%
pentlandite
----- End of picture text -----
Cautionary Statement: The sulphide percentage is a visual estimate of total sulphide.
Legend Field Logging Guidelines
==> picture [221 x 92] intentionally omitted <==
----- Start of picture text -----
Sulphide Mode Percentage Range
Disseminated & blebby 1-5%
Heavy Disseminated 5-20%
Matrix 20-40%
Net-Textured 20-40%
Semi-Massive >40% to <80%
Massive >80%
----- End of picture text -----
15 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT
==> picture [548 x 77] intentionally omitted <==
Appendix 2 – Mawson Aircore Drillhole Details
==> picture [476 x 93] intentionally omitted <==
----- Start of picture text -----
Hole MGA94-East MGA94-North RL Azimuth Dip Total Depth
RKAC832 639,608 6,599,099 206 0 -90 94
RKAC838 639,785 6,598,949 206 0 -90 111
RKAC839 639,785 6,599,049 206 0 -90 97
RKAC840 639,780 6,599,101 206 0 -90 106
RKAC841 639,785 6,599,301 207 0 -90 110
RKAC842 639,787 6,599,351 207 0 -90 107
----- End of picture text -----
GDA94 MGA Zone 51
Appendix 3: Tenement Schedule as at 30 September 2020
Mining Tenements
==> picture [490 x 241] intentionally omitted <==
----- Start of picture text -----
Tenement Location Interest at Acquired / Interest at Comments
Reference beginning Withdrawn end of
of Quarter Quarter
E28/1716 Fraser Range, Western Australia 70% N/A 70% 70:30 JV
E28/1717 Fraser Range, Western Australia 70% N/A 70% 70:30 JV
E28/1718 Fraser Range, Western Australia 70% N/A 70% 70:30 JV
E28/1727 Fraser Range, Western Australia 70% N/A 70% 70:30 JV
E28/2188 Fraser Range, Western Australia 70% N/A 70% 70:30 JV
E28/2189 Fraser Range, Western Australia 70% N/A 70% 70:30 JV
E28/2190 Fraser Range, Western Australia 10% N/A 10% 10:60:30 JV
E28/2191 Fraser Range, Western Australia 10% N/A 10% 10:60:30 JV
E28/2192 Fraser Range, Western Australia 70% N/A 70% 70:30 JV
E28/2404 Fraser Range, Western Australia 100% N/A 100% 100% Legend
E28/2405 Fraser Range, Western Australia 100% N/A 100% 100% Legend
E28/2675 Fraser Range, Western Australia 30% N/A 30% 30:70 JV
E28/2676 Fraser Range, Western Australia 30% N/A 30% 30:70 JV
E28/2677 Fraser Range, Western Australia 30% N/A 30% 30:70 JV
----- End of picture text -----
Farm-In or Farm-Out Arrangements
| Tenement Reference |
Location | Interest at beginning of Quarter |
Acquired / Withdrawn |
Interest at end of Quarter |
Comments |
|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A |
16 | P a g e
SEPTEMBER 2020 QUARTERLY REPORT