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LIGHTNING MINERALS LTD Capital/Financing Update 2023

Mar 1, 2023

65212_rns_2023-03-01_8d642263-bbcb-4f06-aa14-4ab31c99b5ff.pdf

Capital/Financing Update

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ASX Announcement

02 March 2023

12,500 METER DRILL PLAN PROPOSED AND FURTHER SOIL SAMPLE RESULTS RECEIVED FOR DUNDAS PROJECT

Lightning Minerals (L1M or the Company) is pleased to report progress at its 100% owned Dundas project in Western Australia. Drill strategies have now been confirmed for tenement E63/2001 at the Dundas South project area. Further soil geochemistry results have also been received for tenement E63/2028, once again demonstrating the requirement for further exploration activity at the Dundas South Projects.

HIGHLIGHTS

  • Exploration strategy confirmed for a drilling program of up to 2,500m Reverse Circulation and 10,000m of Aircore, to commence in the second quarter of 2023.

  • Soil geochemistry results within E63/2028 provide further lithium-caesium targets for follow up exploration.

  • Aircore drilling Programme of Work approval received for E63/2001. Heritage and Environmental permitting negotiations continue as a priority.

Lightning Minerals Chief Executive Officer Alex Biggs said, “Our exploration at Dundas is gathering momentum. It is pleasing to see the speed of progress of both the on-ground works and the development of our inaugural drill program. With multiple exploration targets across the Dundas region and continued positive results it is exciting to see the Company establish itself as an active participant in an emerging lithium and critical minerals province”.

DRILL STRATEGY CONFIRMED FOR E63/2001

Drill program design has been completed for Dundas South tenement E63/2001, with ~2,500m Reverse Circulation (RC) and ~10,000m of Aircore (AC) now confirmed. Drill areas are shown in. This drilling will follow up a combination of recent priority targets identified through the mapping of outcropping pegmatites, geophysical reinterpretations[1] , and lithium-rubidium in soil anomalism identified in the south-eastern corner of tenement E63/2001[2] . Adjustments to final collar locations are expected as the drill program develops but target areas are based on collection of recent data and positive results from soil sampling, geophysics and field mapping.

Two ‘Programme of Work’ (PoW) applications for drilling activities have now been approved through the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS); and discussions with the Ngadju Native Title Aboriginal Corporation (NNTAC) are progressing well with final heritage agreements to be signed.

Drill contractor tendering processes can now progress subsequent to the PoW approvals.

1ASX Announcement 9 February 2023, 2ASX Announcement 23 January 2023

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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Figure 1 : Planned Phase 1 drilling areas within tenement E63/2001 at the Dundas South Project. Priority geophysical targets as reported on 9[th] Feb 2023 shown in red.

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DUNDAS LITHIUM-CAESIUM SOIL RESULTS (TENEMENT E63/2028)

The Company is currently undertaking a regional soil sampling campaign across its Dundas tenements to explore for lithium anomalies and indicators of potential lithium-caesium-tantalum (LCT) mineralisation. Assay results have now been returned for a further 184 soil samples from tenement E63/2028. The initial reconnaissance exploration campaign samples were collected on a nominal 400m x 400m grid across the tenement, analysis was completed using the Ultrafine + (UFF+) technique with chemical analysis for a suite of 62 elements including lithium and associated pathfinders for LCT mineralisation.

Analytical results from the UFF+ method employed by ‘LabWest Minerals Analysis’ have revealed areas of elevated lithium and caesium. The E63/2028 elevated zones occur within greenstone lithologies similar to those that are known to host a LCT deposit approximately 10km to the south-east, Liontown’s Buldania/Anna lithium project.

The ‘priority one’ areas for follow up are shown in red in Figure 2. These areas have broadly coincident elevations of both lithium and caesium, and importantly these occur within Archaean mafic and

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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ultramafic greenstone lithologies. Peak results of 60.9ppm lithium and 5.6ppm caesium have been returned for samples that lie above the interpreted greenstone terrains.

These results are encouraging as crustal mafic rocks typically have caesium values of <1ppm. The tenor of elevation of caesium in the weathered soil sample analysed may be further subdued. These ‘first pass’ results at a sample spacing of 400m x 400m are considered encouraging as potential pathfinder elements and warrant further follow up field investigation.

Figure 2 : UFF+ lithium (>40ppm) and caesium (>4ppm) soil geochemistry results on Interpreted 1:100k GSWA geology.

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The ‘priority two’ target area and the broad geochemical response shown in the southern extents of tenement E63/2028 are interpreted to occur as a result of the underlying geochemical signature of the intrusive ‘Buldania granodiorite’ bedrock. This unit has been described in the Geological Society of Western Australia (GSWA) literature as a composite intrusive biotite-hornblende granodiorite. The relationship between regional LCT mineralisation and the Buldania granodiorite are not yet understood. In this instance the granodiorite is thought to have less favourable fluid and structural trap conditions to host pegmatites; and as such the elevated values in this area will receive follow up investigation but as a secondary priority.

A full list of lithium-caesium results for tenement E63/2028 is attached in Appendix 2.

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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DUNDAS PROJECT ONGOING WORK PROGRAMS

Soil sampling programs continue across the Dundas projects, with Dundas North tenements E28/3027 and E28/3028 now the focus of field activities. To date the program has collected approximately 75% of the ~2,700 planned samples, with sampling initially being completed on a 400m x 400m grid spacing. Closer spaced sampling may be undertaken where geological prospectivity has been identified. All sampling on the Dundas South tenements has been completed.

DUNDAS PROJECT (LIGHTNING MINERALS 100%)

The Dundas Project area is located near Norseman in Western Australia and comprises eight tenements totalling approximately 454km[2] . Norseman has a strong history of mining dating back to 1892 and is located 190km south of Kalgoorlie. Historically, Norseman and the Dundas area has experienced mining in gold and nickel although over recent years the region has become an emerging lithium and critical minerals province with multiple discoveries and significant exploration activity.

There are two project areas at Dundas:

  • a) South/western tenements surrounding Liontown Resources’ Buldania/Anna lithium project, and,

  • b) North/eastern tenements approximately 30km to the east of Alliance Mineral Assets’ Bald Hill lithium-tantalum mine.

Figure 3 : Location of Lightning Minerals’ Dundas Projects

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This announcement has been approved for release by the Board of Directors. -ends

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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ABOUT LIGHTNING MINERALS

Lightning Minerals is a mineral exploration company, listed on the Australian Stock Exchange (ASX:L1M) and focused on the exploration of critical minerals and lithium at its tenements across Western Australia. The Company’s flagship Dundas project is located in the prolific Dundas region of Western Australia. The Company also has other projects in Western Australia, Mt Jewell, Mt Bartle and Mailman Hill prospective for base metals and critical minerals.

FORWARD LOOKING STATEMENTS

Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.

Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

COMPETENT PERSONS STATEMENT

The information contained herein that relates to exploration results is based on information compiled or reviewed by Mr Jarrad Woodland, who is a Competent Person and a member of the Australasian Institute of Mining and Metallurgy. Mr Woodland is a full-time employee of the company. Mr Woodland has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Persons as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Woodland consents to the inclusion of his name in the matters based on the information in the form and context in which it appears.

The Company 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 have not materially changed. The Company also 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.

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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APPENDIX 1: DUNDAS – JORC CODE 2012 TABLE 1 CRITERIA

The Table below summarises the assessment and reporting criteria used for exploration results for the Dundas Exploration Project and reflects the guidelines in Table 1 of The Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC 2012 Code).

SECTION 1 - SAMPLING TECHNIQUES AND DATA

Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or
specific specialised industry standard measurement tools appropriate to
the minerals under investigation, such as down hole 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 mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’ work has been done this would be
relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for fire
assay’). In other cases more explanation may be required, such as where
there is coarse gold that has inherent sampling problems. Unusual
commodities or mineralisation types (eg submarine nodules) may
warrant disclosure of detailed information.

The Dundas Project soil
samples are collected from
below the natural surface at a
depth of approximately
20cm.

Soil samples are sieved on site
and the ~2mm fraction is
retained for geochemical
analysis.

Dundas soil sample weights
are approximately 200 grams.
All sieved material is collected
in kraft packets (~200 grams).

The Ultrafine+ soil sampling
analysis technique utilised for
the Dundas Project is
considered acceptable and
standard industry practice.
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).

No drilling reported
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.

No drilling reported
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.

Soil sample sites are
photographed, described, and
journaled noting landform and
nature of soil media.

Soil sample descriptions are
considered qualitative in
nature.
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, including for instance results for field
duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of the material
being sampled.

Sample preparation for the
Dundas Project soil
geochemistry program follows
best practice as advised
LabWest Minerals Analysis
whom is accredited to
ISO17025.

Sample sizes of approximately
200gm are considered
appropriate for the Ultrafine+
analytical technique.

Dundas soil samples were
collected on a 400mx400 grid
pattern, some minor variations
to sample site locations will
occur due to field
complexities.
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 analysis of soil samples by
LabWest using the Ultrafine+

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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For geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in determining the analysis including 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.
method is adequate at this
early stage of exploration, this
includes the assessment of
bedrock under moderate
quaternary cover.

LabWest uses internal QAQC
process

The remaining bulk sample (-
2mm) has been retained and
the coarse fraction/pulp (if
one existed) of each sample
has also beenpreserved.
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.

No drilling results reported.

No twinned holes or drilling
results are reported.

Primary soil sample location
data was collected
electronically.


No adjustments have been
applied to laboratory assay
results.
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.

Handheld Garmin GPS
instruments were used to
locate the sample sites, these
instruments are understood to
be accurate within a nominal
±5m in the horizontal and
vertical planes.

This spatial location accuracy is
considered adequate for early
grid soil sampling programs.


All samples were collected in
the Geocentric Datum of
Australia 1994 (GDA94)
system.(MGA94,Zone 51)
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.

Soil samples were taken on a
400m x 400m grid, these
samples spacings may require
minor and infrequent variation
dependent on field
conditions.

There is no known sample
representivity to
mineralisation at this early
stage of exploration sampling.


No compositing undertaken on
soil samples.
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.

The strike of geological units
across the Dundas project is
variable.

The 400m x 400m sample
spacing grid is sufficient to
ensure that no specific
structures or known trends of
mineralisation have received
biased targeting.
Sample security The measures taken to ensure sample security.
Samples were secured in
closed HDPE bags and stored
at secure premises during the
field campaign.

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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The field supervisor who
supervised the soil sample
collection delivered the
sample packets to the
laboratory.
Audits or reviews The results of any audits or reviews of sampling techniques and data.
No audits or reviews of
sampling techniques have
been conducted to date.

SECTION 2 - REPORTING OF EXPLORATION RESULTS

Criteria JORC Code explanation Commentary
Mineral tenement and
land tenure status
Type, reference name/number, location and ownership including
agreements or material issues with third parties such as joint ventures,
partnerships, overriding royalties, native title interests, historical sites,
wilderness or national 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.

The Dundas Projects are
located ~600km east of Perth
and 20 to 50 km ENE of
Norseman in Western
Australia.

The Dundas Project area totals
~450km2 and comprises eight
granted exploration licences
separated into two exploration
areas – Dundas North
(E28/3027 and E28/3028) and
Dundas South (E15/1748,
E63/1932, E63/1993,
E63/2000, E63/2001, and
E63/2028)

The Tenements are covered by
the Ngadju Determined Native
Title Claim (WCD2014/004).

The Tenements are considered
in good standing at the time of
this report.
Exploration done by
other parties
Acknowledgment and appraisal of exploration by other parties.
The Project area has been
explored predominantly for
Gold and Nickel by various
prior parties.

More recent exploration has
included a focus on Lithium via
explorers such as Matsa
Resources (2008-2018), West
Resource Ventures (2018 –
2019), and Liontown
Resources (2018-2020).

The result of this work is
described in numerous
publicly available Geological
Society of Western Australia
publications.

Review of the considerable
historic exploration activities is
ongoing; data is being collated
into company databases as per
industry standard data
collectionpractice.
Geology Deposit type, geological setting and style of mineralisation.
No known mineral deposits
occur within project tenure.

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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There are publicly reported
occurrences of Lithium –
Caesium-Tantalum (LCT)
pegmatites within acceptable
proximity to the Dundas
Project exploration tenure

The Dundas Project is located
at the southern-eastern end of
the Norseman-Wiluna Belt
within the Archaean Yilgarn
Craton. The project area sits
adjacent to the Jerdacuttup
Fault which represents the
boundary or the Archaean
Yilgarn Craton with the
adjacent Proterozoic Albany-
Fraser Province.
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:
o
easting and northing of the drill hole collar
o
elevation or RL (Reduced Level – elevation above sea
level in metres) of the drill hole collar
o
dip and azimuth of the hole
o
down hole length and interception depth
o
hole length.
If the exclusion of this information is justified on the basis that the
information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly explain
why this is the case.

No drilling reported
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.

No levelling of the raw
geochemical data was
undertaken.

Images of the individual
elements have been generated
using QGis software.

No metal equivalent values are
reported
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’).


Any relationship between
reported geochemical results
and potential mineralisation is
unknown at the time of the
report.
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.

Appropriate two-dimensional
plans have been included in
the body of this
announcement; these plans
suitably represent the nature
of surface geochemical
sampling.
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.

Representative reporting of
soil results is shown in Figure 2
of the above report.

Raw assay data is shown in
Appendix 2
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.

All meaningful data and
relevant information has been
included in the body of the
report.
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, including the
main geological interpretations and future drilling areas, provided this
information is not commercially sensitive.

Field validation of elevated
Lithium and Caesium results is
planned within E63/2028 by
company geologists.

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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Infill soil and auger sampling
campaigns will be considered
to infill the 400m x 400m
sampling grid to a higher
resolution.
Planning of follow up Aircore,
Reverse Circulation or
Diamond Drilling of
Geochemical targets within
tenements other than
E63/2001 remains under
consideration.

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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APPENDIX 2: DUNDAS SOIL SAMPLING RESULTS RAW DATA

Project Sample
**Type **
Sample ID Easting
(MGA94_Z51)
Northing
(MGA94_Z51)
Caesium
(ppm)
Lithium
(ppm)
Dundas South Soil DS02500 398000 6460801 1.26 24.1
Dundas South Soil DS02501 398400 6460802 1.73 26
Dundas South Soil DS02502 398798 6460795 1.13 23.8
Dundas South Soil DS02503 399202 6460799 1.6 24
Dundas South Soil DS02504 397998 6460400 1.33 25
Dundas South Soil DS02505 398401 6460402 0.89 14.6
Dundas South Soil DS02506 398801 6460400 0.4 12.7
Dundas South Soil DS02507 399197 6460401 1.27 18.1
Dundas South Soil DS02508 398001 6459999 1.91 17.2
Dundas South Soil DS02509 398406 6460001 0.2 2.49
Dundas South Soil DS02510 398799 6460000 0.68 8.12
Dundas South Soil DS02511 399202 6459997 1.84 19.5
Dundas South Soil DS02512 398002 6459602 2.34 29.4
Dundas South Soil DS02513 398405 6459599 3.62 30.3
Dundas South Soil DS02514 398804 6459600 2.73 28
Dundas South Soil DS02515 399200 6459600 3.06 28.2
Dundas South Soil DS02516 398002 6459198 2.78 35.8
Dundas South Soil DS02517 398401 6459202 3.18 26.7
Dundas South Soil DS02518 398800 6459200 2.49 24.2
Dundas South Soil DS02519 399203 6459197 2.41 25.7
Dundas South Soil DS02520 397999 6458797 3.26 39.2
Dundas South Soil DS02521 398397 6458803 1.88 23
Dundas South Soil DS02522 398804 6458798 3.33 34.1
Dundas South Soil DS02523 399203 6458802 3.23 29.6
Dundas South Soil DS02524 399598 6458799 3.42 25.5
Dundas South Soil DS02525 400001 6458799 2.33 20.4
Dundas South Soil DS02526 400401 6458802 3.06 22.2
Dundas South Soil DS02527 400800 6458802 3.9 32
Dundas South Soil DS02528 398002 6458402 2.62 30
Dundas South Soil DS02529 398404 6458404 3.29 33.7
Dundas South Soil DS02530 398803 6458398 2.83 25.6
Dundas South Soil DS02531 399201 6458402 3.55 31.7
Dundas South Soil DS02532 399600 6458402 3.11 23.5
Dundas South Soil DS02533 400003 6458397 2.73 19.7
Dundas South Soil DS02534 400400 6458402 1.98 20.6
Dundas South Soil DS02535 400797 6458403 2.32 16.9
Dundas South Soil DS02536 398002 6457999 3.65 28
Dundas South Soil DS02537 398406 6458001 1.63 24.7
Dundas South Soil DS02538 398804 6458001 3.14 31
Dundas South Soil DS02539 399203 6458005 2.62 33.7
Dundas South Soil DS02540 399600 6457998 2.13 27.5
Dundas South Soil DS02541 399998 6458003 1.87 25.3
Dundas South Soil DS02542 400405 6458000 2.33 25.9

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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Dundas South Soil DS02543 400798 6457998 2.39 28.2
Dundas South Soil DS02544 398002 6457598 1.8 27.1
Dundas South Soil DS02545 398401 6457596 2.72 29.9
Dundas South Soil DS02546 398799 6457601 2.99 36.6
Dundas South Soil DS02547 399201 6457595 2.65 32.8
Dundas South Soil DS02548 399599 6457600 1.41 18.5
Dundas South Soil DS02549 400003 6457601 1.12 20
Dundas South Soil DS02550 400402 6457597 2.55 31.1
Dundas South Soil DS02551 400802 6457601 3.03 27
Dundas South Soil DS02552 399601 6457202 2.28 37.2
Dundas South Soil DS02553 400000 6457199 1.84 19.7
Dundas South Soil DS02554 400401 6457200 2.43 23.2
Dundas South Soil DS02555 400796 6457202 2.79 27.3
Dundas South Soil DS02556 401198 6457196 3.3 30.9
Dundas South Soil DS02557 401598 6457198 2.46 26.3
Dundas South Soil DS02558 402002 6457200 2.36 33.3
Dundas South Soil DS02559 402405 6457199 2.35 38.6
Dundas South Soil DS02560 402798 6457204 2.42 35.6
Dundas South Soil DS02561 403199 6457199 2.79 28.3
Dundas South Soil DS02562 403604 6457200 1.04 16.9
Dundas South Soil DS02563 399593 6456797 2.15 29.4
Dundas South Soil DS02564 400000 6456803 4.66 45.2
Dundas South Soil DS02565 400398 6456798 3.38 39.5
Dundas South Soil DS02566 400802 6456798 3.34 41.2
Dundas South Soil DS02567 401202 6456801 4.19 43.5
Dundas South Soil DS02568 401595 6456801 3.5 38
Dundas South Soil DS02569 401999 6456801 4.4 49.2
Dundas South Soil DS02570 402402 6456803 3.6 39.8
Dundas South Soil DS02571 402797 6456801 3.07 33.5
Dundas South Soil DS02572 403200 6456801 3.03 30.8
Dundas South Soil DS02573 403599 6456802 2.3 24.7
Dundas South Soil DS02574 399600 6456398 3.88 31.8
Dundas South Soil DS02575 400001 6456397 3.94 41.8
Dundas South Soil DS02576 400399 6456403 3.5 32.9
Dundas South Soil DS02577 400797 6456402 4.44 37.9
Dundas South Soil DS02578 401198 6456394 3.34 39
Dundas South Soil DS02579 401600 6456397 2.64 30
Dundas South Soil DS02580 402000 6456399 3.57 32.6
Dundas South Soil DS02581 402403 6456402 3.35 28.5
Dundas South Soil DS02582 402802 6456394 3.91 27.2
Dundas South Soil DS02583 403193 6456399 2.32 24.8
Dundas South Soil DS02584 403608 6456401 2.42 21.4
Dundas South Soil DS02585 399598 6455998 3.97 44.6
Dundas South Soil DS02586 400002 6455998 4.01 39.7
Dundas South Soil DS02587 400398 6455996 3.64 37.9
Dundas South Soil DS02588 400802 6455999 3.34 33.5

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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==> picture [182 x 38] intentionally omitted <==

Dundas South Soil DS02589 401200 6455998 1.77 24.4
Dundas South Soil DS02590 401601 6456001 3.35 36.9
Dundas South Soil DS02591 402005 6456003 4.7 35.9
Dundas South Soil DS02592 402409 6456003 2.48 25.5
Dundas South Soil DS02593 402807 6456005 4.01 32.2
Dundas South Soil DS02594 403206 6456001 3.95 30.2
Dundas South Soil DS02595 403600 6456000 3.31 25.2
Dundas South Soil DS02596 399599 6455597 2.03 21.7
Dundas South Soil DS02597 400001 6455599 2.85 29.4
Dundas South Soil DS02598 400399 6455601 1.8 26.2
Dundas South Soil DS02599 400798 6455599 2.48 29.8
Dundas South Soil DS02600 401199 6455600 3.83 34.5
Dundas South Soil DS02601 401603 6455602 4.85 42.7
Dundas South Soil DS02602 401995 6455602 4.23 40.6
Dundas South Soil DS02603 402373 6455606 3.9 39.6
Dundas South Soil DS02604 402797 6455601 4.11 35.8
Dundas South Soil DS02605 403198 6455596 1.74 23.8
Dundas South Soil DS02606 403600 6455599 4.21 29.6
Dundas South Soil DS02607 404000 6455601 1.92 22.4
Dundas South Soil DS02608 399602 6455196 3.13 27.1
Dundas South Soil DS02609 400000 6455198 3.75 33.2
Dundas South Soil DS02610 400403 6455203 3.57 42.2
Dundas South Soil DS02611 400802 6455198 2.44 32.1
Dundas South Soil DS02612 401201 6455199 2.25 26.3
Dundas South Soil DS02613 401599 6455198 3.65 35.6
Dundas South Soil DS02614 402001 6455200 4.22 28.3
Dundas South Soil DS02615 402394 6455201 2.77 27
Dundas South Soil DS02616 402793 6455203 4 26.5
Dundas South Soil DS02617 403196 6455203 3.57 28.4
Dundas South Soil DS02618 403598 6455201 2.38 25.3
Dundas South Soil DS02619 403999 6455199 4.11 22.9
Dundas South Soil DS02620 399601 6454797 3.39 44.6
Dundas South Soil DS02621 399999 6454798 2.93 35.4
Dundas South Soil DS02622 400398 6454800 2.97 36
Dundas South Soil DS02623 400797 6454801 2.66 29.7
Dundas South Soil DS02624 401202 6454799 1.22 18.3
Dundas South Soil DS02625 401592 6454802 1.22 18.9
Dundas South Soil DS02626 401998 6454804 2.41 31.5
Dundas South Soil DS02627 402401 6454803 2.76 24.8
Dundas South Soil DS02628 402801 6454800 1.92 28
Dundas South Soil DS02629 403196 6454799 2.34 17.1
Dundas South Soil DS02630 403601 6454801 2.72 19.1
Dundas South Soil DS02631 403999 6454800 4.49 32.9
Dundas South Soil DS02632 399597 6454401 4.46 42.4
Dundas South Soil DS02633 399998 6454400 4.01 43.7
Dundas South Soil DS02634 400396 6454406 3.81 28.5

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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==> picture [182 x 38] intentionally omitted <==

Dundas South Soil DS02635 400801 6454401 2.46 29
Dundas South Soil DS02636 401199 6454400 3.96 37.7
Dundas South Soil DS02637 401604 6454401 3.87 42
Dundas South Soil DS02638 401997 6454404 2.94 25.5
Dundas South Soil DS02639 402403 6454399 2.63 23.4
Dundas South Soil DS02640 402800 6454399 1.66 19.3
Dundas South Soil DS02641 403202 6454403 1.53 14.9
Dundas South Soil DS02642 403603 6454400 1.6 17.6
Dundas South Soil DS02643 403998 6454399 5 20.9
Dundas South Soil DS02644 399602 6454007 3.31 29.8
Dundas South Soil DS02645 399998 6454005 3.89 38.1
Dundas South Soil DS02646 400406 6454003 3.78 37.2
Dundas South Soil DS02647 400801 6454004 1.85 26.8
Dundas South Soil DS02648 401197 6454002 3 31.8
Dundas South Soil DS02649 401600 6454003 1.34 19.7
Dundas South Soil DS02650 402001 6454001 2.12 18.6
Dundas South Soil DS02651 402395 6454002 3.31 32.8
Dundas South Soil DS02652 402802 6453995 3.91 36.1
Dundas South Soil DS02653 403200 6454004 2.52 19.3
Dundas South Soil DS02654 403603 6453999 1.34 14
Dundas South Soil DS02655 403994 6454005 2.36 19.8
Dundas South Soil DS02656 399600 6453601 3.13 33.8
Dundas South Soil DS02657 400000 6453604 4.19 30.5
Dundas South Soil DS02658 400398 6453605 4.06 38.6
Dundas South Soil DS02659 400800 6453599 3.64 42
Dundas South Soil DS02660 401199 6453674 1.89 24.9
Dundas South Soil DS02661 401601 6453602 3.66 36.9
Dundas South Soil DS02662 401998 6453605 4.01 36.7
Dundas South Soil DS02663 402400 6453600 2.37 27.4
Dundas South Soil DS02664 402799 6453602 1.88 19.6
Dundas South Soil DS02665 403196 6453599 2.83 26.7
Dundas South Soil DS02666 403597 6453603 1.51 19
Dundas South Soil DS02667 403802 6453658 2.24 18.5
Dundas South Soil Ds02668 402800 6453199 1.09 28
Dundas South Soil Ds02669 403206 6453194 1.69 30.2
Dundas South Soil Ds02670 403605 6453204 2.06 27.4
Dundas South Soil Ds02671 404000 6453198 5.65 31.8
Dundas South Soil Ds02672 402806 6452804 1.1 26.8
Dundas South Soil Ds02673 403200 6452801 1.21 16.1
Dundas South Soil Ds02674 403598 6452796 2.85 28.2
Dundas South Soil Ds02675 404000 6452805 3.45 31.4
Dundas South Soil Ds02676 402799 6452397 1.36 19.5
Dundas South Soil Ds02677 403194 6452402 2.44 20.4
Dundas South Soil Ds02678 403599 6452403 1.54 21
Dundas South Soil Ds02679 404004 6452403 2.29 23.7
Dundas South Soil Ds02680 402798 6452000 2.51 33.2

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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==> picture [182 x 38] intentionally omitted <==

Dundas South Soil Ds02681 403199 6451996 2.5 29.2
Dundas South Soil Ds02682 403602 6451996 2.42 29.4
Dundas South Soil Ds02683 404002 6451999 3.78 38.3
Dundas South Soil Ds02684 399597 6451597 3.59 44.2
Dundas South Soil Ds02685 400002 6451597 4.49 41.5
Dundas South Soil Ds02686 400398 6451596 2.15 34.2
Dundas South Soil Ds02687 400798 6451595 2.59 29
Dundas South Soil Ds02688 401195 6451598 1.76 33.9
Dundas South Soil Ds02689 401599 6451599 2.56 37.3
Dundas South Soil Ds02690 402001 6451598 2.73 38.1
Dundas South Soil Ds02691 402398 6451598 3.51 36.7
Dundas South Soil Ds02692 402799 6451600 2.92 37.6
Dundas South Soil Ds02693 403200 6451600 3.33 40.4
Dundas South Soil Ds02694 403594 6451600 3.52 37.3
Dundas South Soil Ds02695 403998 6451599 3.27 39.2
Dundas South Soil Ds02696 404399 6451600 3.11 30.4
Dundas South Soil Ds02697 404798 6451599 3.32 42.3
Dundas South Soil Ds02698 405198 6451594 3.2 40.6
Dundas South Soil Ds02699 405599 6451599 3.1 36.8
Dundas South Soil Ds02700 399597 6451197 3.39 48.6
Dundas South Soil Ds02701 399999 6451200 4.28 40.6
Dundas South Soil Ds02702 400402 6451202 4.48 51.1
Dundas South Soil Ds02703 400797 6451200 3.26 60.9
Dundas South Soil Ds02704 401200 6451202 2.92 37.5
Dundas South Soil Ds02705 401601 6451196 3.89 50.6
Dundas South Soil Ds02706 402002 6451200 3.08 43.9
Dundas South Soil Ds02707 402395 6451196 5.04 50.9
Dundas South Soil Ds02708 402800 6451198 3.09 49.7
Dundas South Soil Ds02709 403196 6451197 2.49 47.2
Dundas South Soil Ds02710 403604 6451195 4.61 40.4
Dundas South Soil Ds02711 404002 6451199 1.4 22.8
Dundas South Soil Ds02712 404398 6451197 2.41 37.6
Dundas South Soil Ds02713 404796 6451196 2.52 43.4
Dundas South Soil Ds02714 405197 6451194 3.32 47
Dundas South Soil Ds02715 405597 6451202 2.71 46.9
Dundas South Soil Ds02716 399601 6450800 3.4 46.1
Dundas South Soil Ds02717 400003 6450799 2.71 51.9
Dundas South Soil Ds02718 400400 6450792 3.81 58.6
Dundas South Soil Ds02719 400798 6450797 3.35 48.2
Dundas South Soil Ds02720 401184 6450785 3.17 49.1
Dundas South Soil Ds02721 401600 6450799 3.86 59.3
Dundas South Soil Ds02722 401978 6450773 3 56.8
Dundas South Soil Ds02723 402399 6450799 2.1 47.9
Dundas South Soil Ds02724 402798 6450797 2.12 37.7
Dundas South Soil Ds02725 403199 6450803 3.81 43.2
Dundas South Soil Ds02726 403599 6450800 3.29 37.4

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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==> picture [182 x 38] intentionally omitted <==

Dundas South Soil Ds02727 403996 6450797 1.55 32.9
Dundas South Soil Ds02728 404400 6450800 3.99 39.8
Dundas South Soil Ds02729 404796 6450801 2.76 44.1
Dundas South Soil Ds02730 405195 6450798 3.32 63.2
Dundas South Soil Ds02731 405592 6450800 3.36 44
Dundas South Soil Ds02732 399606 6450408 3.38 49
Dundas South Soil Ds02733 399986 6450380 3.57 52.7
Dundas South Soil Ds02734 400399 6450403 3.77 52.4
Dundas South Soil Ds02735 400802 6450395 3.15 38.3
Dundas South Soil Ds02736 401205 6450392 3.26 45.1
Dundas South Soil Ds02737 401593 6450390 1.57 25.3
Dundas South Soil Ds02738 401990 6450395 3.23 49.9
Dundas South Soil Ds02739 402393 6450416 2.53 47.5
Dundas South Soil Ds02740 402793 6450403 2.28 42.5
Dundas South Soil Ds02741 403196 6450401 3.71 39.7
Dundas South Soil Ds02742 403598 6450395 3.23 37
Dundas South Soil Ds02743 404002 6450393 3.95 37.2
Dundas South Soil Ds02744 404397 6450399 2.59 40.9
Dundas South Soil Ds02745 404800 6450396 3.59 57.5
Dundas South Soil Ds02746 405201 6450397 3.99 51.1
Dundas South Soil Ds02747 405602 6450408 3.52 48.4
Dundas South Soil Ds02748 404000 6450003 3.36 51.2
Dundas South Soil Ds02749 404399 6450004 3.32 50.2
Dundas South Soil Ds02750 404799 6450001 2.24 42.1
Dundas South Soil Ds02751 405200 6450002 4.22 48.8
Dundas South Soil Ds02752 405597 6450000 3.14 41.1
Dundas South Soil Ds02753 399603 6450005 3.16 36.3
Dundas South Soil Ds02754 400007 6450001 2.54 31.4
Dundas South Soil Ds02755 400398 6450004 3.57 38.8
Dundas South Soil Ds02756 400800 6450003 2.95 27.1
Dundas South Soil Ds02757 401194 6449995 2.99 33.6
Dundas South Soil Ds02758 401600 6450003 3.83 44.4
Dundas South Soil Ds02759 401997 6450006 2.82 39.7
Dundas South Soil Ds02760 402398 6449999 4.07 52.6
Dundas South Soil Ds02761 402797 6449981 3.12 40
Dundas South Soil Ds02762 403200 6450006 3.57 44.5
Dundas South Soil Ds02763 403602 6449994 3.94 62.3
Dundas South Soil Ds02764 399603 6449599 1.95 26
Dundas South Soil Ds02765 399997 6449598 2.61 32.5
Dundas South Soil Ds02766 400402 6449599 3.92 33.2
Dundas South Soil Ds02767 400804 6449605 1.36 42.6
Dundas South Soil Ds02768 401200 6449601 2.75 28.6
Dundas South Soil Ds02769 401594 6449603 3.03 38.6
Dundas South Soil Ds02770 401998 6449606 4.15 49.2
Dundas South Soil Ds02771 402399 6449598 2.99 36.3
Dundas South Soil Ds02772 399604 6449199 3.14 36.6

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806

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==> picture [182 x 38] intentionally omitted <==

Dundas South Soil Ds02773 399999 6449200 2.53 31.7
Dundas South Soil Ds02774 400399 6449198 3.25 43.2
Dundas South Soil Ds02775 400799 6449200 2.98 38.1
Dundas South Soil Ds02776 401198 6449197 2.68 45.3
Dundas South Soil Ds02777 401601 6449200 4.28 46
Dundas South Soil Ds02778 401999 6449201 3.25 40.6
Dundas South Soil Ds02779 402397 6449198 2.45 26.5
Dundas South Soil Ds02780 399599 6448794 2.28 22.6
Dundas South Soil Ds02781 399999 6448802 2.19 23.1
Dundas South Soil Ds02782 400403 6448800 2.11 35
Dundas South Soil Ds02783 400800 6448800 2.94 46.6
Dundas South Soil Ds02784 401198 6448803 3.37 53.2
Dundas South Soil Ds02785 401598 6448802 3.04 34.6
Dundas South Soil Ds02786 402001 6448795 3.14 28
Dundas South Soil Ds02787 402401 6448798 2.32 27.7
Dundas South Soil Ds02788 399597 6448402 2.73 28.2
Dundas South Soil Ds02789 399999 6448401 3.89 35.6
Dundas South Soil Ds02790 400401 6448400 3.92 49.2
Dundas South Soil Ds02791 400797 6448400 2.51 54.8
Dundas South Soil Ds02792 401200 6448403 2.62 34.5
Dundas South Soil Ds02793 401598 6448400 2.86 31.8
Dundas South Soil Ds02794 402001 6448402 2.87 36
Dundas South Soil Ds02795 402398 6448411 1.83 33.7

Level 6, 505 Little Collins Street, Melbourne VIC 3000 | [email protected] | www.lightningminerals.com.au | (08) 9429 8806