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LIGHTNING MINERALS LTD — Capital/Financing Update 2025
Jul 3, 2025
65212_rns_2025-07-03_20bd413c-0e8d-4094-8791-dea7f00c81e6.pdf
Capital/Financing Update
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Preparations for Drilling Begin at Mt Turner Gold Project ASX Announcement
04 July 2025
Lightning Minerals ( L1M or the Company ) is pleased to announce that preparations have begun for drilling at the Mt Turner Gold Project in Queensland. The Project is one of the assets to be acquired under the Proposed Acquisition of Lotus Minerals (ASX Announcement 30 June 2025).
HIGHLIGHTS
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Phase 1 drill program of at least 1,000m to begin at Mt Turner Gold Project in Queenland within 8 weeks. Site preparations underway including drill pad preparations
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Drilling aimed at identifying gold mineralisation beneath existing pits
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Soil sampling to begin in next week along 9km of the Drummer Hill Fault System to test for coherent linear gold anomalies
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Previous mining and drilling has demonstrated the near surface, high-grade potential of Mt Turner with results including[1] :
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16m @ 3.56 g/t Au (Hole UMDT95_D04)
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16.0m @ 3.60g/t Au (Hole UMDT95_D03)
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12m @ 6.5g/t Au (Hole UMDT95_D03)
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7m @ 1.7g/t Au and 43g/t Ag from 64m (Hole 21ISMDWRC001); and
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3m @ 5.1g/t Au and 51g/t Ag from 83m (Hole DH2)
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Recent placement of A$2.00M as part of the proposed acquisition means the Company is well funded for upcoming works
As part of the acquisition Lotus Minerals agreed to fund initial preparations for drilling at Mt Turner by completing road development, pad preparations and the beginning of a soil sampling program to begin testing along the 14km strike of the Drummer Fault. Drilling is expected to begin with 8-weeks. Multiple drill targets exist at the Mt Turner Gold Project with initial drilling targeted underneath existing open pits located along a 6.5km section of the Drummer Fault.
Cautionary Statement: The Company is optimistic about concluding the Proposed Acquisition (ASX Announcement 30 June 2025), however, at the date of this announcement there is no assurance that the conditions precedent with respect to the Proposed Acquisition will be met. Accordingly, investors are cautioned against making investment decisions based on this announcement.
Lightning Minerals’ Managing Director Alex Biggs said , “We are aggressively making preparations for our first round of drilling at the Mt Turner Gold Project in Queensland. With strong targets and excellent previous results we are confident that this is the beginning of a strong period for the Company. With gold at near all-time highs now is the opportunity to make a discovery. The Company has never had a brownfields project previously so it is exciting to see drill targeting taking place quickly and works underway. Our priority plan is drilling at the Mt Turner Gold Project but we are also evaluating the other assets to be acquired under the Lotus Minerals acquisition and will be beginning works on those assets imminently post deal completion and the Company’s EGM”.
Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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Mt Turner Gold Project – Preparations for Phase 1 Drilling Underway
Preparations have begun at the Mt Turner Gold Project for a phase one drilling campaign of a minimum of 1,000m. As part of the Proposed Acquisition of Lotus Minerals it was agreed that Lotus would fund an initial A$100,000 to support the start of soil sampling and preparations for drilling including roadworks and pad preparation.
These pre-works allow the Company to be in a position to begin drilling immediately post the Company’s EGM, the date of which will be announced shortly.
Mt Turner Gold Project – Phase 1 Drill Plan
An initial drill program has been designed to demonstrate the potential for extensions to, orientation of and style of mineralisation beneath the existing Rocky Reward, Drummer Girl, Drummer Boy, Drummer West and Drummer East pits. Existing pits were excavated to a maximum depth of 20m targeting highgrade oxide material during the 1990s with little exploration at depths below 100m. Application for clearance permits is currently underway.
Drill hole locations as shown in Figures 1 and 2 are indicative at this stage and subject to change.
Figure 1: Indicative drill targeting at the Mt Turner Gold Project – Drummer Deposits (Digital Terrain Model showing existing open pits, previous drill locations and planned drill hole locations)
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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Figure 2: Indicative drill targeting at the Mt Turner Gold Project – Rocky Reward Deposit (Digital Terrain Model showing existing open pits, previous drill locations and planned drill hole locations)
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 942
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Mt Turner Gold Project – Soil Sampling
A soil sampling program has been designed to test for coherent linear gold anomalies between the known Drummer and Rocky Reward open pits, over a strike length of 12.5 km as shown in Figure 3.
The soil sampling program will collect samples along the Drummer Hill Fault System on a fence line spacing of 100m, with samples collected along the fence lines every 20m.
Soils at Georgetown are skeletal except for sheet wash and recent sediments from active drainages. There are no deep soil profiles as the terrain is an emerging landscape. A handheld mechanical auger will be used to collect soil samples from ground within the B soil horizon. Samples will be sent to the ALS Global Laboratory in Townsville for sample preparation and chemical analysis.
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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Figure 3: Indicative soil sampling campaign along the Mt Drummer Hill Fault at the Mt Turner Gold Project (Digital Terrain Model showing soil sampling areas across total tenement area of EPM 27525 and EPM 27170)
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 942
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About the Mt Turner Gold Project
The Mt Turner Gold Project is located 15km to the northwest of Georgetown in North Queensland. The Mt Turner Gold Project is granted Exploration Permits (EPM 27170 and EPM 27525) and will be explored by the Company with the intention of identifying an economic gold resource with accessory silver along the Drummer Fault structure, a 14 km east-west structure readily visible on LiDAR and satellite imagery. Historically, several shallow oxide pits were mined for gold in the 1990’s along the Drummer Fault. In addition, northeast trending structures have intersected the Drummer Fault in a number of locations, with these structures potentially contributing to the formation of higher-grade mineralisation of yet undiscovered mineralised splay faults. Multiple targets exist along the Drummer Fault and below existing open pits.
Prior drilling has been completed by Essex Minerals Inc[2] during 2021, Union Mining NL[3] in the 1990s, and CRA Exploration Ltd[4] in the late 1980s intersecting multiple gold lodes with positive results including 16m @ 3.56 g/t Au (Hole UMDT95_D04), 16.0m @ 3.60g/t Au (Hole UMDT95_D03), 12m @ 6.5g/t Au (Hole UMDT95_D03) and 6m @ 2.9g/t Au (Hole PD86_RR2). These results formed the basis for open pit mining across six open pits in the 1990s. Minimal exploration has occurred beneath the historical open
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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pits but multiple targets exist with shallow mineralisation intercepts of up to 7.0m @ 1.74g/t Au (Hole 21ISMDWRC001) and 7.5m @ 1.6g/t Au (Hole QMCD83_D04).
Relevant information pertaining to the drill holes is listed in Appendix 3 - Table 1 and Table 2 at the back of this announcement.
Further information on Mt Turner and the Lotus Minerals acquisition in full can be found in the Company’s ASX Announcement dated 30 June 2025.
Figure 4: Isometric view of Mt Turner project demonstrating the 14km Drummer Fault (LANDSAT image)
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 942
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REFERENCES
1 Prior drilling results contained within this document have been reviewed and compiled by the Competent Person and reported in accordance with JORC Code 2012. See Company Announcement 30 June 2025 - Acquisition of Advanced Brownfields Gold and Copper Projects
2 Essex Minerals (TSX-V:ESX) TSXV Announcement - Essex Reports Numerous High-Grade Gold Intercepts At Drummer Fault, October 13, 2021 (https://essexminerals.com/wp-content/uploads/ESX2021-10-13-NR-Drummer-Fault-Drilling-FINAL.pdf)
3 Essex Minerals (TSX-V:ESX) TSXV Announcement – ESSEX Samples Up to 14.55 G/T Gold Extending Gold Mineralisation Along Drummer Fault, Mt Turner Gold Project (https://essexminerals.com/wpcontent/uploads/ESX-2021-07-13_NR-Mt-Turner-Exploration-FINAL.pdf)
4 CRA Exploration Ltd 1987 - Clark Creek A to P 4416M, North Queensland, Report On Investigations For The First Six Months Of Tenure, https://geoscience.data.qld.gov.au/data/report/cr016859
Approved for release by the Board of Directors -END-
More information at www.lightnmingminerals.com.au
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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ABOUT LIGHTNING MINERALS
Lightning Minerals is a mineral exploration company, listed on the Australian Securities Exchange (ASX:L1M) and focused on the exploration of gold, critical minerals and lithium. The acquisition of Lotus Minerals provides the Company with access the gold and copper markets through near term, brownfields projects in Australia. The Company also owns the Caraíbas, Canabrava and Esperança lithium projects in Minas Gerais, Brazil, the Dundas projects in Western Australia, the Dalmas and Hiver lithium projects in Quebec, Canada. The Company also holds other projects in Western Australia which include Mt Bartle and Mailman Hill which are prospective for gold, 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 Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 942 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 Matthew Watson, who is a Competent Person and a member of the Australasian Institute of Mining and Metallurgy. Mr Watson is a full-time employee of the Company. Mr Watson 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 Watson consents to the inclusion of his name in the matters based on the information in the form and context in which it appears. Mr Watson holds options in Lightning Minerals.
REFERENCES TO PREVIOUS ANNOUNCEMENTS
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 announcement.
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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Appendix 1: Project Acquisition – JORC Code 2012 Table 1 Criteria
The Table below summarises the assessment and reporting criteria used for exploration results for the Acquisition projects 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 explanaton | Commentary | |
|---|---|---|---|
| Sampling techniques | Nature and quality of sampling (eg cut channels, random chips, or specifc specialised industry standard measurement tools appropriate to the minerals under investgaton, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limitng the broad meaning of sampling. Include reference to measures taken to ensure sample representvity and the appropriate calibraton of any measurement tools or systems used. Aspects of the determinaton of mineralisaton that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatvely simple (eg ‘reverse circulaton drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fre assay’). In other cases more explanaton may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodites or mineralisaton types (eg submarine nodules) may warrant disclosure of detailed informaton. |
• The exploraton data contained within the announcement has been provided by Lotus Minerals and reviewed and compiled by the Company and its competent person. • The state scale opensource geology is sourced from the various state geological bodies, namely the Geological Survey of Queensland (GSQ). With respect to the 2021 drilling by Essex Minerals2 • Drilling consisted of two HQ diamond holes with RC pre-collars, the remaining four holes were completed as Reverse Circulaton using a 5.5-inch drill bit. • All samples were processed in Townsville by ALS Global, an independent accredited laboratory. Gold assays were completed by 50g screen fre assay with atomic absorpton fnish, with the over limit samples rechecked by 50 g fre assay with a gravimetric fnish. Silver and 33 mult-element analysis was undertaken by a four-acid digest followed by inductvely coupled plasma atomic emission spectroscopy (ICPAES). With respect to the 1995 drilling by Union Mining NL3 • Drilling consisted of forty-eight air core drill holes, with a sample interval of 2m, with no records for blade size. With respect to the 1987 QLD drilling by CRA Exploraton Pty Ltd4 • Drilling was by conventonal open hole percussion methods, with a sample interval of 2m, using a 4.5- inch hammer. • |
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| Drilling techniques | Drill type (eg core, reverse circulaton, 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). |
With respect to the 2021 drilling by Essex Minerals2 • Drilling consisted of two HQ diamond holes with RC pre-collars, the remaining four holes were completed as Reverse Circulaton using a 5.5-inch drill bit. With respect to the 1995 drilling by Union Mining NL3 • Drilling consisted of forty-eight air core drill holes, with a sample interval of 2m, with no records for blade size. • Samples were analysed for Au. No record of the laboratory, analytcal method or detecton limits has been found. With respect to the 1987 QLD drilling by CRA Exploraton Pty Ltd4 • Drilling was by conventonal open hole percussion methods, with a sample interval of 2m, using a 4.5- inch hammer. |
Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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|Drill sample recovery|Level 11 40 The Esplanade Perth WA 6000 Austr
Method of recording and assessing core and chip sample recoveries and results
assessed. Measures taken to maximise sample recovery and ensure
representatve nature of the samples.
Whether a relatonship exists between sample recovery and grade and whether
sample bias may have occurred due to preferental loss/gain of fne/coarse
material.|alia | [email protected] | (08) 9429 8806
With respect to the 2021 drilling by Essex Minerals2
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No informaton regarding sample recovery is available.
With respect to the 1995 drilling by Union Mining NL3
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No record of sample recovery is documented.
With respect to the 1987 QLD drilling by CRA Exploraton Pty Ltd4
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No record of sample recovery is documented.
•
Anecdotal comments by the supervising geologist suggest a lack of sample return, the exact details of
which are unknown.|
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|Logging|Whether core and chip samples have been geologically and geotechnically
logged to a level of detail to support appropriate Mineral Resource estmaton,
mining studies and metallurgical studies.
Whether logging is qualitatve or quanttatve in nature. Core (or costean,
channel, etc) photography.
The total length and percentage of the relevant intersectons logged.|With respect to the 2021 drilling by Essex Minerals2
•
All holes have been geologically logged at 1m intervals for weathering, rock type, colour, mineralogy
and where possible, protolith, texture, and grainsize.
•
The logging is qualitatve and appears to be consistent, both between adjacent drill holes, and with
respect to the assay data for the corresponding sample interval. The data appears to be of an
industry standard, however further confrmaton of the logging is required to increase the level of
confdence in the logging data. At present the data quality is not comprehensive enough to support
mineral resource estmaton.
With respect to the 1995 drilling by Union Mining NL3
•
Logging data is not reported and remains unknown.
With respect to the 1987 QLD drilling by CRA Exploraton Pty Ltd4
•
Samples have been qualitatvely geologically logged at 2m intervals, the logging is considered to be of
a high standard however remains insufcient to be used within anymodern mineral estmatons.|
|Sub-sampling techniques
and sample preparaton|If core, whether cut or sawn and whether quarter, half or all core taken.
If non-core, whether rifed, tube sampled, rotary split, etc and whether
sampled wet or dry.
For all sample types, the nature, quality and appropriateness of the sample
preparaton technique.
Quality control procedures adopted for all sub-sampling stages to maximise
representvity of samples.
Measures taken to ensure that the sampling is representatve of the in situ
material collected, including for instance results for feld duplicate/second-half
sampling.
Whether sample sizes are appropriate to the grain size of the material being
sampled.|With respect to the 2021 drilling by Essex Minerals2
•
Core samples were cut in half with a diamond saw, with one half of each interval sent for laboratory
analysis.
•
It is unclear how RC chip samples were prepared and sampling technique remains unknown.
•
No menton of certfed reference materials has been identfed in the original reports.
With respect to the 1995 drilling by Union Mining NL3
•
The method of subsampling is not reported and remains unknown.
With respect to the 1987 QLD drilling by CRA Exploraton Pty Ltd4
•
The method of subsampling is not reported and remains unknown.|
|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 partal or total.
For geophysical tools, spectrometers, handheld XRF instruments, etc, the
parameters used in determining the analysis including instrument make and
model, reading tmes, calibratons factors applied and their derivaton, 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.|With respect to the 2021 drilling by Essex Minerals2
•
All samples were processed in Townsville QLD by ALS Global, an independent accredited laboratory.
Gold assays were completed by 50g screen fre assay with atomic absorpton fnish, with the over
limit samples rechecked by 50 g fre assay with a gravimetric fnish. Silver and 33 mult-element
analysis was undertaken by a four-acid digest followed by inductvely coupled plasma atomic
emission spectroscopy (ICPAES).
•
Analytcal techniques were Au_SCR24, Au-AA26 and ME-ICP61.
With respect to the 1995 drilling by Union Mining NL3
•
Samples were analysed for Au. The laboratory, analytcal method and detecton limits remain
unknown.
With respect to the 1987 QLD drilling by CRA Exploraton Pty Ltd4
|
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Samples were analysed for Cu,Pb,Zn,Ag,As,and Au byTetchem Laboratories of Cairns.|
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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| • The Analytcal Method and detecton limits are not recorded. |
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|---|---|---|
| Verifcaton of sampling and assaying |
Level 11 40 The Esplanade Perth WA 6000 Austra The verifcaton of signifcant intersectons by either independent or alternatve company personnel. The use of twinned holes. Documentaton of primary data, data entry procedures, data verifcaton, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. |
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| Locaton of data points | Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locatons used in Mineral Resource estmaton. Specifcaton of the grid system used. Quality and adequacy of topographic control. |
• No drill data has been used for mineral resource estmaton purposes. • Sample and drill hole locatons are regularly digitsed from georeferenced maps and as such are considered accurate to with ±20m on the X and Y planes. This level of accuracy is considered acceptable at this early stage of exploraton, and prior to feld validaton of exploraton data. • All drill holes have been converted to GDA94 / MGA zone 54 - EPSG:28354 • Topography control over the Mt Turner Project is excellent. A LiDAR survey was completed in 2020 with horizontal and vertcal accuracyto within 0.05m. |
| Data spacing and distributon |
Data spacing for reportng of Exploraton Results. Whether the data spacing and distributon is sufcient to establish the degree of geological and grade contnuity appropriate for the Mineral Resource and Ore Reserve estmaton procedure(s) and classifcatons applied. Whether sample compositng has been applied. |
• The sample spacing of the reported data is considered appropriate for early exploraton drilling • No Mineral Resource or Ore Reserve Estmates have been completed. • No sample compositng has been applied to previously reported exploraton informaton. |
| Orientaton of data in relaton to geological structure |
Whether the orientaton of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relatonship between the drilling orientaton and the orientaton of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. |
With respect to the 2021 drilling by Essex Minerals2 • The orientaton of the drilling program is considered sufciently perpendicular to the strike and dip of the mineralisaton given the early stage of exploraton. With respect to the 1995 drilling by Union Mining NL3 The drilling was conducted at approximately perpendicular to the strike of the exploraton target, drill hole dip was approximately 60° and are specifed in Appendix 3 below. With respect to the 1987 QLD drilling by CRA Exploraton Pty Ltd4 • The drilling was conducted at approximately perpendicular to the strike of the exploraton target, drill hole dipwas approximately60° and are specifed in Appendix 3 below. |
| Sample security | The measures taken to ensure sample security. | • The chain of custody for sampling procedures within previously reported exploraton drilling is not known. |
| 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
| JORC Code explanaton | Commentary |
|---|---|
| Type, reference name/number, locaton and ownership including agreements or material issues with third partes such as joint ventures, partnerships, overriding royaltes, natve ttle interests, historical sites, wilderness or natonal park and environmental setngs. |
• Lotus Minerals Pty Ltd holds exclusive optons to acquire the Tenements that comprise the ‘Mt Drummer’ tenure. • The Mt Drummer Project includes exploraton licences EPM27525, and EPM27170 • The Tenements are considered ingood standingat the tme of this report. |
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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| The security of the tenure held at the tme of reportng along with any known impediments to obtaining a licence to operate in the area. |
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|---|---|---|
| Exploraton done by other partes |
Level 11 40 The Esplanade Perth WA 6000 Austra Acknowledgment and appraisal of exploraton by other partes. |
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| Geology | Deposit type, geological setng and style of mineralisaton. | • The Mt Drummer Tenements are prospectve for Orogenic and Epithermal Gold and Porphyry Cu- Au. They lie in the central porton of the Georgetown Inlier (GTI), which consttutes the bulk of the Etheridge Province. The GTI consists of variably metamorphosed and deformed sedimentary and volcanic rocks of Palaeo to Mesoproterozoic age, intruded by Mesoproterozoic granites. The Proterozoic rocks have been intruded by Siluro-Devonian age I type granitc rocks during a period of subducton and underplatng that is thought to have occurred during the Tabberabberan cycle of the Tasman Orogen (ca 430-380 Ma). • The target commodity is primarily gold, silver and copper however a discovery of any commodity asset class will be investgated. |
| Drill hole Informaton | A summary of all informaton material to the understanding of the exploraton results including a tabulaton of the following informaton for all Material drill holes: oeastng and northing of the drill hole collar oelevaton or RL (Reduced Level – elevaton above sea level in metres) of the drill hole collar odown hole length and intercepton depth, ohole length. If the exclusion of this informaton is justfed on the basis that the informaton 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. |
• Appendix 3 Table 1 below summarises all material previously reported drill informaton |
| Data aggregaton methods |
In reportng Exploraton Results, weightng averaging techniques, maximum and/or minimum grade truncatons (eg cutng of high grades) and cut-of 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 aggregaton should be stated and some typical examples of such aggregatons should be shown in detail. |
• No data aggregaton or grade truncatons have been applied. |
| Relatonship between mineralisaton widths and intercept lengths |
These relatonships are partcularly important in the reportng of Exploraton Results. If the geometry of the mineralisaton 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 efect (eg ‘down hole length, true width not known’). |
• All intersectons are reported as down hole lengths. True widths are not known with certainty. Qualitatvely, the geology dips steeply, and the drill holes are oriented at approximately 60° Dip, so it is antcipated that the down hole intersecton width would be similar to the true width. |
| Diagrams | Appropriate maps and sectons (with scales) and tabulatons of intercepts should be included for any signifcant discovery being reported These should include, but not be limited to aplan view of drill hole collar locatons and appropriate sectonal views. |
• Appropriate reportng of results has been included in the body of this announcement; the plans, or lack thereof suitably represent the nature of the prior exploraton results. |
| Balanced reportng | Where comprehensive reportng of all Exploraton Results is not practcable, representatve reportng of both low and high grades and/or widths should be practced to avoid misleading reportng of Exploraton Results. |
• Comprehensive reportng of all noteworthy material prior exploraton data within the Acquisiton Projects has been reported within the document. |
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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| • Pertnent informaton has been communicated to ensure balanced and representatve reportng of exploraton results has been achieved. |
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|---|---|---|
| Other substantve exploraton data |
Level 11 40 The Esplanade Perth WA 6000 Austral Other exploraton data, if meaningful and material, should be reported including (but not limited to): geological observatons; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristcs; potental deleterious or contaminatng substances. |
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| 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 highlightng the areas of possible extensions, including the main geological interpretatons and future drilling areas, provided this informaton is not commercially sensitve. |
• Further work is outlined, budgeted and scheduled in secton ‘Program of Works and Use of Funds’ contained within the body of the report. • The undertaking of drilling at the gold targets is dependent on future phases of exploraton providingsatsfactoryresults to warrant that scale of exploraton works. |
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Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
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APPENDIX 2 – Table 1 - Summary of Tenements
| Project | Tenement | Area | Annual Rent | ||||
|---|---|---|---|---|---|---|---|
| Status | Grant Date | Expiry Date | Royalty | ||||
| **(km2) ** | (A$) | ||||||
| ~~Level 11 40 Th~~ | ~~e Eslanade Perth WA~~ | ~~6000 Australia | admi~~ | ~~@lihtninmineralsc~~ | ~~omau | ||
| Mt Turner | EPM 27170 | Granted |
~~p~~ 52.2 |
31/10/2019 |
~~gg.~~ 30/10/2029 |
~~.~~ 0 |
3% NSR with buyback provision* |
| EPM 27525 | Granted | 52.2 | 26/11/2020 | 25/11/2025 | 0 | 3% NSR with buyback provision* |
*3% NSR to Optegra Ventures Inc with 100% buyback provision of A$100,000 cash plus A$400,000 in L1M ordinary shares at any time
==> picture [100 x 31] intentionally omitted <==
Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
==> picture [842 x 52] intentionally omitted <==
APPENDIX 3 – Table 1 - Previous Drillhole Collar Locations within acquired projects
| Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PROSPECT | Level 1 COMPANY |
1 40 The Esplanade Pe DRILLHOLE_ID |
rth WA 60 TYPE |
00 Austr YEAR |
alia | admin@light GRID |
ningmine AZI (MN) |
rals.co DIP |
m.au | (08) TOTAL DEPTH |
9429 8806 EASTING |
| Drummer | QLD Metals Corp |
QMCD83_D01 |
DD |
1983 |
GDA94_Z54 |
336 |
-45 |
41.1 |
757161 |
7983358 | 280 |
| Drummer | QLD Metals Corp | QMCD83_D02 | DD | 1983 | GDA94_Z54 | 336 | -45 | 35.5 | 757115 | 7983340 | 280 |
| Drummer | QLD Metals Corp | QMCD83_D03 | DD | 1983 | GDA94_Z54 | 156 | -45 | 35.5 | 757045 | 7983341 | 280 |
| Drummer | QLD Metals Corp | QMCD83_D04 | DD | 1983 | GDA94_Z54 | 156 | -45 | 35.5 | 756991 | 7983322 | 280 |
| RockyReward | CRA Exploration | PD86_RR1 | PERC | 1986 | GDA94_Z54 | 0 | -60 | 26.2 | 750967 | 7982799 | 275 |
| RockyReward | CRA Exploration | PD86_RR2 | PERC | 1986 | GDA94_Z54 | 0 | -60 | 34.0 | 751030 | 7982794 | 275 |
| RockyReward | CRA Exploration | PD86_RR3 | PERC | 1986 | GDA94_Z54 | 0 | -60 | 33.8 | 751265 | 7982820 | 275 |
| RockyReward | CRA Exploration | PD86_RR4 | PERC | 1986 | GDA94_Z54 | 0 | -60 | 32.0 | 751331 | 7982842 | 275 |
| Drummer Girl | Union MiningNL | UMDG95_D01 | AC | 1995 | GDA94_Z54 | 357 | -45 | 17 | 755964 | 7983150 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D02 | AC | 1995 | GDA94_Z54 | 357 | -45 | 17 | 755922 | 7983137 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D03 | AC | 1995 | GDA94_Z54 | 357 | -45 | 17 | 755910 | 7983135 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D04 | AC | 1995 | GDA94_Z54 | 357 | -45 | 17 | 755887 | 7983130 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D05 | AC | 1995 | GDA94_Z54 | 357 | -45 | 20 | 755857 | 7983130 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D06 | AC | 1995 | GDA94_Z54 | 357 | -45 | 17 | 755824 | 7983122 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D07 | AC | 1995 | GDA94_Z54 | 357 | -45 | 20 | 755828 | 7983137 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D08 | AC | 1995 | GDA94_Z54 | 357 | -45 | 20 | 755883 | 7983144 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D09 | AC | 1995 | GDA94_Z54 | 357 | -45 | 20 | 755910 | 7983161 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D10 | AC | 1995 | GDA94_Z54 | 357 | -45 | 16 | 755929 | 7983164 | 280 |
| Drummer Girl | Union MiningNL | UMDG95_D11 | AC | 1995 | GDA94_Z54 | 357 | -45 | 16 | 755950 | 7983170 | 280 |
| Drummer Boy | Union MiningNL | UMDB95_D01 | AC | 1995 | GDA94_Z54 | 357 | -45 | 18 | 756410 | 7983229 | 280 |
| Drummer Boy | Union MiningNL | UMDB95_D02 | AC | 1995 | GDA94_Z54 | 357 | -45 | 18 | 756409 | 7983236 | 280 |
| Drummer Boy | Union MiningNL | UMDB95_D03 | AC | 1995 | GDA94_Z54 | 357 | -45 | 16 | 756385 | 7983229 | 280 |
| Drummer Boy | Union MiningNL | UMDB95_D04 | AC | 1995 | GDA94_Z54 | 357 | -45 | 16 | 756384 | 7983237 | 280 |
| Drummer Boy | Union MiningNL | UMDB95_D05 | AC | 1995 | GDA94_Z54 | 351 | -45 | 18 | 756361 | 7983229 | 280 |
| Drummer Boy | Union MiningNL | UMDB95_D06 | AC | 1995 | GDA94_Z54 | 351 | -45 | 18 | 756359 | 7983236 | 280 |
==> picture [100 x 31] intentionally omitted <==
Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
==> picture [842 x 52] intentionally omitted <==
| Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PROSPECT | COMPANY | DRILLHOLE_ID | TYPE | YEAR | GRID | AZI (MN) |
DIP | TOTAL DEPTH |
EASTING | NORTHING | RL(AHD) |
| Drummer Boy | Union MiningNL | UMDB95_D07 | AC | 1995 | GDA94_Z54 | 351 | -45 | 17 | 756342 | 7983225 | 280 |
| Drummer Boy | Level 1 Union MiningNL |
1 40 The Esplanade Pe UMDB95_D08 |
rth WA 60 AC |
00 Austr 1995 |
alia | admin@light GDA94_Z54 |
ningmine 351 |
rals.co -45 |
m.au | (08) 17 |
9429 8806 756341 |
| Drummer Boy | Union MiningNL | UMDB95_D09 | AC | 1995 | GDA94_Z54 | 351 | -45 | 17 | 756329 | 7983231 | 280 |
| Drummer Boy | Union MiningNL | UMDB95_D10 | AC | 1995 | GDA94_Z54 | 351 | -45 | 14 | 756306 | 7983232 | 280 |
| Drummer Boy | Union MiningNL | UMDB95_D11 | AC | 1995 | GDA94_Z54 | 351 | -45 | 12 | 756288 | 7983232 | 280 |
| Drummer Toy | Union MiningNL | UMDT95_D01 | AC | 1995 | GDA94_Z54 | 10 | -60 | 10 | 757517 | 7983433 | 280 |
| Drummer Toy | Union MiningNL | UMDT95_D02 | AC | 1995 | GDA94_Z54 | 10 | -60 | 14 | 757545 | 7983430 | 280 |
| Drummer Toy | Union MiningNL | UMDT95_D03 | AC | 1995 | GDA94_Z54 | 360 | -60 | 10 | 757578 | 7983428 | 280 |
| Drummer Toy | Union MiningNL | UMDT95_D04 | AC | 1995 | GDA94_Z54 | 185 | -60 | 16 | 757563 | 7983436 | 280 |
| Drummer Toy | Union MiningNL | UMDT95_D05 | AC | 1995 | GDA94_Z54 | 10 | -60 | 16 | 757533 | 7983429 | 280 |
| Drummer Toy | Union MiningNL | UMDT95_D06 | AC | 1995 | GDA94_Z54 | 360 | -60 | 18 | 757578 | 7983425 | 280 |
| Drummer East | Union MiningNL | UMDE96_D01 | AC | 1996 | GDA94_Z54 | 351 | -60 | 20 | 757373 | 7983431 | 280 |
| Drummer East | Union MiningNL | UMDE96_D02 | AC | 1996 | GDA94_Z54 | 353 | -60 | 20 | 757395 | 7983432 | 280 |
| Drummer East | Union MiningNL | UMDE96_D03 | AC | 1996 | GDA94_Z54 | 354 | -60 | 20 | 757410 | 7983432 | 280 |
| Drummer East | Union MiningNL | UMDE96_D04 | AC | 1996 | GDA94_Z54 | 347 | -60 | 20 | 757435 | 7983432 | 280 |
| Drummer East | Union MiningNL | UMDE96_D05 | AC | 1996 | GDA94_Z54 | 353 | -60 | 20 | 757460 | 7983438 | 280 |
| Drummer East | Union MiningNL | UMDE96_D06 | AC | 1996 | GDA94_Z54 | 352 | -60 | 18 | 757379 | 7983391 | 280 |
| Drummer East | Union MiningNL | UMDE96_D07 | AC | 1996 | GDA94_Z54 | 354 | -60 | 20 | 757409 | 7983395 | 280 |
| Drummer East | Union MiningNL | UMDE96_D08 | AC | 1996 | GDA94_Z54 | 310 | -60 | 18 | 757427 | 7983399 | 280 |
| Drummer East | Union MiningNL | UMDE96_D09 | AC | 1996 | GDA94_Z54 | 349 | -60 | 18 | 757434 | 7983400 | 280 |
| Drummer ToyEast | Union MiningNL | UMDTE96_D01 | AC | 1996 | GDA94_Z54 | 360 | -60 | 20 | 757600 | 7983422 | 280 |
| Drummer ToyEast | Union MiningNL | UMDTE96_D02 | AC | 1996 | GDA94_Z54 | 360 | -60 | 20 | 757615 | 7983423 | 280 |
| Drummer ToyEast | Union MiningNL | UMDTE96_D03 | AC | 1996 | GDA94_Z54 | 360 | -60 | 20 | 757635 | 7983422 | 280 |
| Drummer ToyEast | Union MiningNL | UMDTE96_D04 | AC | 1996 | GDA94_Z54 | 360 | -60 | 20 | 757661 | 7983423 | 280 |
| Drummer ToySouth | Union MiningNL | UMDTS96_D01 | AC | 1996 | GDA94_Z54 | 360 | -60 | 20 | 757509 | 7983408 | 280 |
| Drummer ToySouth | Union MiningNL | UMDTS96_D02 | AC | 1996 | GDA94_Z54 | 360 | -60 | 20 | 757538 | 7983407 | 280 |
| Drummer ToySouth | Union MiningNL | UMDTS96_D03 | AC | 1996 | GDA94_Z54 | 360 | -60 | 20 | 757552 | 7983407 | 280 |
==> picture [100 x 31] intentionally omitted <==
Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
==> picture [842 x 52] intentionally omitted <==
| Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | Table 1 Drill Hole Locations | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PROSPECT | COMPANY | DRILLHOLE_ID | TYPE | YEAR | GRID | AZI (MN) |
DIP | TOTAL DEPTH |
EASTING | NORTHING | RL(AHD) |
| Drummer ToySouth | Union MiningNL | UMDTS96_D04 | AC | 1996 | GDA94_Z54 | 360 | -60 | 10 | 757576 | 7983406 | 280 |
| Drummer ToySouth | Level 1 Union MiningNL |
1 40 The Esplanade Pe UMDTS96_D05 |
rth WA 60 AC |
00 Austr 1996 |
alia | admin@light GDA94_Z54 |
ningmine 360 |
rals.co -60 |
m.au | (08) 10 |
9429 8806 757598 |
| Drummer ToySouth | Union MiningNL | UMDTS96_D06 | AC | 1996 | GDA94_Z54 | 360 | -60 | 10 | 757497 | 7983410 | 280 |
| Drummer ToySouth | Union MiningNL | UMDTS96_D07 | AC | 1996 | GDA94_Z54 | 360 | -60 | 10 | 757486 | 7983409 | 280 |
| Drummer Toy | Essex Minerals Inc | DH_1 | RCD | 2021 | GDA94_Z54 | 183 | -56 | 132 | 757573 | 7983467 | 280 |
| Drummer Toy | Essex Minerals Inc | DH_2 | RCD | 2021 | GDA94_Z54 | 204 | -56 | 141 | 757566 | 7983471 | 280 |
| Drummer Toy | Essex Minerals Inc | DH_3 | RC | 2021 | GDA94_Z54 | 170 | -57 | 150 | 757583 | 7983464 | 280 |
| Drummer Toy | Essex Minerals Inc | DH_4 | RC | 2021 | GDA94_Z54 | 321 | -58 | 156 | 757642 | 7983371 | 280 |
| Drummer Toy | Essex Minerals Inc | DH_5 | RC | 2021 | GDA94_Z54 | 182 | -57 | 228 | 757582 | 7983502 | 280 |
| Drummer West | Essex Minerals Inc | 21ISMDWRC001 (DH_6) |
RC | 2021 | GDA94_Z54 | 333 | -58 | 144 | 757021 | 7983261 | 285 |
==> picture [100 x 31] intentionally omitted <==
Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
==> picture [842 x 52] intentionally omitted <==
APPENDIX 3 – Table 2 - Previous Sample Results within acquired projects
Table 2 Significant Intercepts
| Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts |
|---|---|---|---|---|---|---|
| PROSPECT | DRILLHOLE_ID | From(m) | To(m) | Int(m) | Au(g/t) | Ag (g/t) |
| Drummer | QMCD83_D01 | 35 | 36 | 1 | 1.00 | 6.00 |
| Drummer | Level 11 40 The Esplanade Perth WA 6000 Australia | adm QMCD83_D02 |
in@lightningmine 25 |
rals.com.au | (08) 29 |
9429 8806 4 |
| Drummer | QMCD83_D03 | 30 | 31 | 1 | 3.40 | 100.00 |
| Drummer | QMCD83_D04 | 11.5 | 16.7 | 5.2 | 1.52 | 80.00 |
| Drummer | QMCD83_D04 | 28 | 35.5 | 7.5 | 1.60 | 19.00 |
| RockyReward | PD86_RR1 | 2 | 12 | 10 | 0.14 | - |
| RockyReward | PD86_RR1 | 12 | 18 | 6 | 0.99 | - |
| RockyReward | PD86_RR1 | 18 | 20 | 2 | 2.08 | - |
| RockyReward | PD86_RR1 | 20 | 24 | 4 | 0.99 | - |
| RockyReward | PD86_RR1 | 24 | 26.2 | 2.2 | 0.14 | - |
| RockyReward | PD86_RR2 | 4 | 8 | 4 | 0.35 | - |
| RockyReward | PD86_RR2 | 8 | 12 | 4 | 3.80 | - |
| RockyReward | PD86_RR2 | 12 | 14 | 2 | 1.10 | - |
| RockyReward | PD86_RR2 | 14 | 32 | 18 | 0.35 | - |
| RockyReward | PD86_RR3 | 14 | 18 | 4 | 0.96 | - |
| RockyReward | PD86_RR3 | 18 | 28 | 10 | 0.20 | - |
| RockyReward | PD86_RR4 | 4 | 10 | 6 | 0.23 | - |
| RockyReward | PD86_RR4 | 10 | 14 | 4 | 0.31 | - |
| RockyReward | PD86_RR4 | 14 | 16 | 2 | 0.96 | - |
| RockyReward | PD86_RR4 | 16 | 24 | 8 | 0.31 | - |
| Drummer Boy | UMDB95_D01 | 8 | 10 | 2 | 1.00 | - |
| Drummer Boy | UMDB95_D02 | 0 | 8 | 8 | 1.79 | - |
| Drummer Boy | UMDB95_D03 | 0 | 2 | 2 | 1.20 | - |
| Drummer Boy | UMDB95_D07 | 0 | 4 | 4 | 2.72 | - |
| Drummer Boy | UMDB95_D08 | 8 | 10 | 2 | 1.24 | - |
| Drummer Boy | UMDB95_D10 | 6 | 8 | 2 | 4.12 | - |
| Drummer East | UMDE96_D01 | 6 | 20 | 14 | 0.05 | - |
==> picture [100 x 31] intentionally omitted <==
Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
==> picture [842 x 52] intentionally omitted <==
Table 2 Significant Intercepts
| Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts |
|---|---|---|---|---|---|---|
| PROSPECT | DRILLHOLE_ID | From(m) | To(m) | Int(m) | Au(g/t) | Ag (g/t) |
| Drummer East | UMDE96_D02 | 0 | 20 | 20 | 0.13 | - |
| Drummer East | UMDE96_D03 | 2 | 20 | 18 | 0.54 | - |
| Drummer East | Level 11 40 The Esplanade Perth WA 6000 Australia | adm UMDE96_D04 |
in@lightningmine 0 |
rals.com.au | (08) 20 |
9429 8806 20 |
| Drummer East | UMDE96_D05 | 2 | 20 | 18 | 0.06 | - |
| Drummer East | UMDE96_D06 | 0 | 18 | 18 | 0.27 | - |
| Drummer East | UMDE96_D07 | 2 | 10 | 8 | 2.15 | - |
| Drummer East | UMDE96_D07 | 10 | 18 | 8 | 0.37 | - |
| Drummer East | UMDE96_D08 | 0 | 12 | 12 | 0.06 | - |
| Drummer East | UMDE96_D09 | 2 | 14 | 12 | 0.18 | - |
| Drummer Girl | UMDG95_D01 | 14 | 17 | 3 | 1.34 | - |
| Drummer Girl | UMDG95_D02 | 14 | 17 | 3 | 1.34 | - |
| Drummer Girl | UMDG95_D03 | 2 | 6 | 4 | 1.34 | - |
| Drummer Girl | UMDG95_D03 | 8 | 12 | 4 | 2.42 | - |
| Drummer Girl | UMDG95_D04 | 12 | 14 | 2 | 1.68 | - |
| Drummer Girl | UMDG95_D10 | 2 | 4 | 2 | 1.55 | - |
| Drummer Girl | UMDG95_D10 | 6 | 10 | 4 | 1.87 | - |
| Drummer Girl | UMDG95_D11 | 4 | 6 | 2 | 1.11 | - |
| Drummer Toy | UMDT95_D01 | 4 | 8 | 4 | 2.24 | - |
| Drummer Toy | UMDT95_D02 | 12 | 14 | 2 | 1.01 | - |
| Drummer Toy | UMDT95_D03 | 2 | 8 | 6 | 4.91 | - |
| Drummer Toy | UMDT95_D04 | 0 | 16 | 16 | 3.56 | - |
| Drummer Toy | UMDT95_D05 | 0 | 2 | 2 | 1.07 | - |
| Drummer Toy | UMDT95_D05 | 12 | 16 | 4 | 5.21 | - |
| Drummer Toy | UMDT95_D06 | 6 | 12 | 6 | 2.85 | - |
| Drummer Toy | UMDT95_D06 | 12 | 18 | 6 | 10.05 | - |
| Drummer East | UMDTE96_D02 | 8 | 10 | 2 | 1.18 | - |
| Drummer ToyEast | UMDTE96_D03 | 0 | 20 | 20 | 0.10 | - |
| Drummer ToyEast | UMDTE96_D04 | 0 | 20 | 20 | 0.20 | - |
==> picture [100 x 31] intentionally omitted <==
Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806
==> picture [842 x 52] intentionally omitted <==
| Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | Table 2 Significant Intercepts | |||
|---|---|---|---|---|---|---|
| PROSPECT | DRILLHOLE_ID | From(m) | To(m) | Int(m) | Au(g/t) | Ag (g/t) |
| Drummer ToySouth | UMDTS96_D01 | 0 | 12 | 12 | 0.33 | - |
| Drummer ToySouth | UMDTS96_D01 | 12 | 14 | 2 | 4.52 | - |
| Drummer ToySouth | Level 11 40 The Esplanade Perth WA 6000 Australia | adm UMDTS96_D01 |
in@lightningmine 14 |
rals.com.au | (08) 20 |
9429 8806 6 |
| Drummer ToySouth | UMDTS96_D03 | 0 | 8 | 8 | 0.59 | - |
| Drummer ToySouth | UMDTS96_D03 | 8 | 10 | 2 | 9.70 | - |
| Drummer ToySouth | UMDTS96_D03 | 10 | 20 | 10 | 0.59 | - |
| Drummer ToySouth | UMDTS96_D04 | 0 | 6 | 6 | 0.15 | - |
| Drummer ToySouth | UMDTS96_D04 | 6 | 8 | 2 | 3.06 | - |
| Drummer ToySouth | UMDTS96_D04 | 8 | 10 | 2 | 0.15 | - |
| Drummer ToySouth | UMDTS96_D05 | 0 | 10 | 10 | 0.04 | - |
| Drummer ToySouth | UMDTS96_D06 | 0 | 10 | 10 | 0.50 | - |
| Drummer ToySouth | UMDTS96_D07 | 0 | 10 | 10 | 0.10 | - |
| Drummer Toy | DH_1 | 60 | 63 | 3 | 0.44 | 21.90 |
| Drummer Toy | DH_1 | 93 | 105 | 12 | 0.33 | 1.86 |
| Drummer Toy | DH_1 | 115 | 116 | 1 | 0.03 | 3.20 |
| Drummer Toy | DH_2 | 0 | 5 | 5 | 0.36 | 6.84 |
| Drummer Toy | DH_2 | 83 | 86 | 3 | 5.06 | 51.23 |
| Drummer Toy | DH_3 | 52 | 54 | 2 | 2.03 | 2.95 |
| Drummer Toy | DH_3 | 75 | 103 | 28 | 0.60 | 2.41 |
| Drummer Toy | DH_4 | 84 | 130 | 46 | 0.06 | 1.29 |
| Drummer Toy | DH_4 | 145 | 150 | 5 | 0.01 | 1.48 |
| Drummer Toy | DH_5 | 131 | 134 | 3 | 1.53 | 4.33 |
| Drummer Toy | DH_5 | 138 | 168 | 30 | 0.05 | 1.96 |
| Drummer West | 21ISMDWRC001(DH_6) | 54 | 58 | 4 | 0.56 | 2.23 |
| Drummer West | 21ISMDWRC001(DH_6) | 64 | 71 | 7 | 1.74 | 67.67 |
==> picture [100 x 31] intentionally omitted <==
Level 11 40 The Esplanade Perth WA 6000 Australia | [email protected] | (08) 9429 8806