LODE RESOURCES LTD — Regulatory Filings 2021

Nov 16, 2021

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17 November 2021

First drill assays received for Webbs Consol Silver Project

Highlights

• Drill hole WCS006 intersection assays return 23.8 metres grading 135 g/t silver and 7.32% zinc (105.6m to 129.4m)[1,2,3] . See Table 1

• Follow-up Drill hole WCS007 intersects 24.1m of sulphide mineralisation containing an estimated 15% sphalerite (122.9m to 147.0m), with associated silver mineralisation also anticipated, proving down-dip continuity

• Drilling is testing additional Webbs Consol Silver Project targets before moving focus to Uralla Gold and Trough Gully Copper projects

Lode Resources Ltd (ASX: LDR or ‘Lode’ or ‘the Company’) is pleased to report first drill assays from the Main Shaft Prospect at the Webbs Consol Silver Project in NSW[1,2,3] . See Table 1.

Table 1: Webbs Consol Silver Project – Drill hole WCS006 intercept assays (Main Shaft Prospect)

Sample	From	To	Interval	Ag	Zn	Pb
No.	m	m	m	**g/t **	%	%
D00288	105.60	106.00	0.40	61.5	50.20	0.13
D00292	106.00	107.00	1.00	104.0	4.61	0.96
D00294	107.00	108.00	1.00	334.0	5.55	1.50
D00297	108.00	109.00	1.00	317.0	8.44	1.51
D00299	109.00	110.00	1.00	485.0	2.64	2.45
D00302	110.00	111.00	1.00	47.7	4.24	0.71
D00304	111.00	112.00	1.00	95.4	4.44	0.94
D00306	112.00	113.00	1.00	300.0	4.75	2.52
D00308	113.00	114.00	1.00	112.0	14.85	0.80
D00311	114.00	115.00	1.00	144.0	5.56	1.03
D00313	115.00	116.00	1.00	61.3	4.82	0.49
D00315	116.00	117.00	1.00	172.0	6.70	0.80
D00317	117.00	118.00	1.00	70.1	8.37	0.38
D00319	118.00	119.00	1.00	79.5	5.75	0.45
D00322	119.00	120.00	1.00	77.0	5.39	0.47
D00324	120.00	121.00	1.00	127.0	7.17	0.66
D00326	121.00	122.00	1.00	56.9	6.73	0.36
D00328	122.00	123.00	1.00	109.0	6.40	0.47
D00330	123.00	124.00	1.00	138.0	7.82	0.59
D00332	124.00	125.00	1.00	57.9	5.66	0.31
D00334	125.00	126.00	1.00	65.4	8.07	0.27
D00336	126.00	127.00	1.00	101.0	6.28	0.57
D00338	127.00	128.00	1.00	83.7	7.36	0.74
D00340	128.00	129.00	1.00	30.6	6.83	0.24
D00343	129.00	129.40	0.40	48.3	14.20	0.41
**Intercept **	105.60	129.40	23.80	135.0	7.32	0.82

Lode Resources Ltd ACN 637 512 415

Level 30, 264 George St Sydney NSW 2000 I www.loderesources.com

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Webbs Consol Silver Project[1,2,3 ] – Main Shaft Prospect Drill Intercepts

Drill hole WCS006 has intersected 23.8 metre down-hole at an average grade of 135.0 g/t silver and 7.32% zinc (105.6m to 129.4m) at the Webbs Consol Silver Project’s Main Shaft Prospect. Estimated true width is 12.2 metres. This is located within a broader 27.5 metre down-hole interval at an average grade of 118.1g/t silver and 6.52% zinc (104.6m to 132.1m). Estimated true width is 14.2 metres. See Table 1.

Follow-up Drill hole WCS007 has intersected 24.1 metre down-hole of sulphide mineralisation containing an estimated 15% sphalerite ((Zn,Fe)S) and 1% galena (PbS) (122.9m to 147.0m) proving down dip continuity of Webbs Consol Main Shaft prospect mineralisation. See Photo 1, Figure 1 and Table 2. Estimated true width is 10.4 metres. Significant silver mineralisation is also anticipated in assays.

Photo 1: Drill hole WCS007 NQ core showing 24.1 metre mineralised intercept (Main Shaft Prospect)

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Drill hole WCS007: 24.1 metre intercept (122.9 metres to 147.0 metres) containing an estimated 15% sphalerite ((Zn,Fe)S) and 1% galena (PbS). Significant silver mineralisation is also anticipated to be shown in assays.

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Figure 2: Cross Section of Webbs Consol Main Shaft Prospect with drill holes WCS006 & WCS007 mineralised intercepts. Historic reports state that the Webbs Consol mineralised structure strikes 190° and dips 70-75° east above 60m depth.

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West East
Drill hole
WSC006
Stoped
ore
Webbs Consol
60m main shaft
Drill hole
WSC007
27.5 metres grading of 118.1g/t
silver, 6.52% zinc & 0.77% lead
?
24.1 metres intercept (122.9 metres to
147.0 metres) containing an estimated
15% sphalerite ((Zn,Fe)S) and 1% galena
(PbS). Significant silver mineralisation is
EOH ? also anticipated to be shown in assays.
164.7m
EOH
188.7m
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• 1LDR Prospectus 14 April 2021 & LDR Supplementary Prospectus 6 May 2021

2LDR announcement 15 September 2021 titled “Drilling Commences at Webbs Consol Silver Project”

• 3LDR announcement 19 October 2021 titled “Significant sulphides intersected at Webbs Consol”

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The first phase diamond drilling programme at the Webbs Consol Silver Project is designed to test high grade silver mineralisation sampled at surface and extensions of mineralisation mapped in underground workings at a variety of prospects at the Webbs Consol Silver Project. See Figure 2.

Figure 2: Webbs Consol Silver Project – Rock chip/grab sampling and drill hole positions[1,2,3]

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Drill Target - Webbs Consol North
Ag & Pb in grab samples Highly anomalous soils
Sample ID Ag g/t Pb % Not e = Potential extension
R157 149 1.88 1
R165 126 5.21 1
R163 84 5.63 1 Webbs Consol North
WC11 82 4.47 2
28702 69 2.95 2
R166 65 6.56 1
WC2 54 0.85 2
28707 54 2.80 2 WCS004&
R161 47 0.61 1 WCS001, WCS005
28708 39 1.30 2 WCS002
28703 34 0.35 2 & WCS003
WC10 32 1.84 2
R164 28 2.55 1
R160 25 0.40 1
WC6 23 2.12 2
R162 20 1.59 1
28709 19 1.27 2 Drill Target - Lucky Lucy
R167 16 0.98 1 Ag & Pb in grab samples
Sample ID Ag g/t Pb % Not e
28715 272 0.09 2
R173 130 0.02 1
R169 70 0.20 1
WC18 60 0.22 2
Lucky Lucy 28717 37 0.85 2
R174 34 0.05 1
R172 33 0.03 1
R171 27 0.55 1
28713 21 0.12 2
28714 19 0.04 2
28716 18 0.11 2
Webbs Consol
Main Shaft
Drill Target - Webbs Consol Central
Ag, Pb & Zn in grab samples WCS006 &
Sample ID Ag g/t Pb % Zn % Not e WCS007
R176 2230 7.34 32.5 1
R177 289 18.65 0.9 1
R182 99 6.92 0.1 1
R178 94 3.36 3.6 1
R180 64 0.20 0.0 1
R181 21 2.34 3.8 1
R179 20 0.80 0.5 1
R183 14 0.63 0.3 1
Webbs Consol Central
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Table 2: Geological log for drill hole WCS007 (Main Shaft Prospect)

Hole ID Easting Northing GDA94 Z56	Hole ID Easting Northing GDA94 Z56	Dip Azimuth From To Observations Grid (m) (m)
WCS007 352607	6737624	-55 148.5 0.00 1.10 Core Loss
		1.10 16.00 Weakly weathered coarse grained porphyritic granite with moderate pervasive sericitic alteration.
		16.00 56.40 Fresh coarse grained porphyritic granite with weak pervasive sericitic alteration.
		56.40 56.85 Coarse grained porphyritic granite with strong pervasive sericitic & chlorite alteration, 1% blebby sphalerite and galena.
		56.85 96.40 Fresh coarse grained porphyritic granite.
		96.40 122.90 Fresh coarse grained porphyritic granite with weak pervasive sericitic alteration.
		122.90 124.00 Coarse grained porphyritic granite with strong pervasive sericitic & chlorite alteration, trace blebby sphalerite and galena.
		124.00 125.05 Fresh coarse grained porphyritic granite with weak pervasive sericitic alteration.
		125.05 147.05 Coarse grained porphyritic granite with Intense pervasive sericitic & chlorite alteration, 15% blebby sphalerite, 1% blebby galena and arsenopyrite.
		147.05 164.70 Fresh coarse grained porphyritic granite with weak pervasive sericitic alteration.

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Photo 1: Webbs Consol Silver Project – Drilling at Luck Lucy Prospect
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Webbs Consol North

Drill holes WCS001 to WCS005 have intersected multiple sulphides zones at the Webbs Consol North Prospect where mineralisation was previously sampled at surface. Drill holes WCS001, WCS002 & WCS005 intersected wide zones of anomalous silver, zinc and lead mineralisation whereas drill holes WCS003 and WCS004 intersected zones of low-grade silver, zinc and lead mineralisation (See Tables 3 & 4). In combination these drill holes have demonstrated the continuity of Webbs Consol mineral system 2km north of the Webbs Consol Main Shaft prospect. Follow-up geophysics and soil geochemistry may be implemented at a later date to help detect stronger accumulations of mineralisation at depth and/or along strike so as to refine targeting of future drilling.

Table 3: Webbs Consol Silver Project – Drill hole WCS003 intercept assays (Webbs Consol North Prospect)

Sample	From	To	Interval	Ag	Zn	Pb
No.	m	m	m	**g/t **	%	%
D00102	9.40	10.00	0.60	31.8	0.55	0.91
D00103	10.00	10.70	0.70	14.7	0.54	0.49
D00104	10.70	11.00	0.30	62.5	0.37	1.19
D00105	11.00	12.00	1.00	14.6	0.60	0.38
D00106	12.00	12.50	0.50	4.5	0.33	0.45
D00107	12.50	13.10	0.60	2.4	0.10	0.13
D00108	13.10	13.80	0.70	1.1	0.06	0.04
D00109	13.80	14.20	0.40	1.3	0.05	0.04
D00110	14.20	14.85	0.65	3.4	0.07	0.06
D00111	14.85	15.50	0.65	13.2	1.52	0.49
D00112	15.50	15.80	0.30	11.9	0.23	0.19
D00113	15.80	16.80	1.00	17.7	0.31	0.75
D00116	16.80	17.80	1.00	89.4	0.24	1.98
D00119	17.80	18.60	0.80	3.0	0.02	0.11
D00122	18.60	19.15	0.55	14.5	0.60	0.33
D00124	19.15	19.50	0.35	7.7	0.51	0.50
**Intercept **	9.40	19.50	10.10	20.0	0.38	0.55

Table 4: Webbs Consol Silver Project – Drill hole WCS004 intercept assays (Webbs Consol North Prospect)

Sample	From	To	Interval	Ag	Zn	Pb
No.	m	m	m	**g/t **	%	%
D00146	24.00	24.40	0.40	5.3	0.31	0.30
D00147	24.40	25.40	1.00	45.4	1.86	0.70
D00148	25.40	26.00	0.60	92.1	0.21	1.53
D00149	26.00	27.00	1.00	161.0	1.36	2.52
D00150	27.00	28.00	1.00	35.0	1.44	0.54
D00151	28.00	28.20	0.20	51.2	1.15	0.73
D00153	28.20	29.40	1.20	2.0	0.08	0.06
D00155	29.40	30.00	0.60	85.3	1.74	1.65
D00156	30.00	30.90	0.90	42.0	0.47	0.77
D00157	30.90	31.40	0.50	1.0	0.05	0.03
D00158	31.40	32.10	0.70	12.4	0.94	0.74
**Intercept **	24.00	32.10	8.10	50.6	0.91	0.89

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Webbs Consol Silver Project Overview

Located 16km west-south-west of Emmaville, Webbs Consol was discovered in 1890 with intermittent mining up to the mid-1950s. The Webbs Consol Silver Project (EL8933) contains several small, but high grade, silver-lead-zinc-gold deposits hosted by the Webbs Consol Leucogranite which has intruded the Late Permian Emmaville Volcanics and undifferentiated Early Permian sediments.

Several mine shafts were worked for the high-grade galena and silver content only with high-grade zinc mineralisation discarded. Mineral concertation was via basic Chilean milling techniques and sluicing. Some subsequent rough floatation of galena was carried out with no attempt to recover sphalerite.

Ore mineralogy includes galena, sphalerite, marmatite, arsenopyrite, pyrite, chalcopyrite, minor bismuth and gold. Chief minerals generally disseminated but also high grade “bungs” where emplacement is a combination of fracture infilling and country rock replacement. Gangue mineralogy includes quartz, chlorite and sericite with quartz occurring as veins and granular relicts.

Historical sampling shows potential for high grade silver and zinc mineralisation at Webbs Consol. It was reported that 12 samples taken from the lowest level of the main Webbs Consol shaft (“205’ Level” or 60m depth) averaged 210g/t silver, 22.6% zinc and 2.74% lead. Epithermal style mineralisation occurs in ‘en échelon’ vertical pipe like bodies at the intersection of main north-south shear and secondary northeastsouthwest fractures. No leaching or secondary enrichment has been identified.

Figure 3: Webbs Consol Main Shaft oblique view

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North
Webbs Consol
mined stopes
Open-ended high-grade
mineralisation at 60m depth:
12 samples averaged 210g/t
Ag, 22.6% Zn and 2.74% Pb
?
? Main lode remains
Mineralised veins in
face and conductive
anomaly to north Drill
indicate potential new Target
lode along strike and ?
at depth
?
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Photo 4: Webbs Consol Main Shaft Specimen showing coarse galena mineralisation

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Figure 4: Lode’s Project Locations (yellow polygons)

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Mt Carrington
Twin Hills
Gold & Silver
Gold &
Silver
Webbs Consol
Silver
Webbs Timbarra
Silver Gold &
Silver
NSW Sandon
Base Metals
Elsinore
Thor Tea Tree Copper
Gold Gold
Uralla
Gold
Hillgrove
Gold &
Rocky River Antinomy
Gold
Okapi Resources
Enmore Gold Discovery
Newmont
Fender
Gold
Copper
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This announcement has been approved and authorised by Lode Resource Ltd’s Managing Director, Ted Leschke.

Competent Person’s Statement

The information in this Report that relates to Exploration Results is based on information compiled by Mr Mitchell Tarrant, who is a Member of the Australian Institute of Geoscientists. Mr Tarrant, who is the Project Manager for Lode Resources, has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Tarrant consents to the inclusion in this Report of the matters based on the information in the form and context in which it appears.

For further information, please contact:

Investor Enquiries

Ted Leschke Managing Director Ted@loderesources.com

About Lode Resources

Lode Resources is an ASX-listed explorer focused on the highly prospective but underexplored New England Fold Belt in north eastern NSW. The Company has assembled a portfolio of brownfield precious and base metal assets characterised by demonstrated high grade mineralisation and/or potential for large mineral occurrences. For more information on Lode Resources and to subscribe for our regular updates, please visit our website at www.loderesources.com

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JORC Code, 2012 Edition - Table 1.

Section 1 Sampling Techniques and Data

(Criteria	in this section apply to all succeeding sections.)
Criteria	JORC Code explanation	Commentary
Sampling techniques	• Nature and quality of sampling (eg cut channels, random chips, or specific 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.	• Diamond drilling techniques were used to obtain samples. • NQ2 core was logged and sample intervals assigned based on the geology. • The core to be sampled was sawn in half and bagged according to sample intervals. Intervals range from 0.2m to 1.2m • Blanks and standards were inserted at >5% where appropriate. • Samples were sampled by a qualified geologist. • Samples were sent to ALS in Brisbane. • Sample preparation comprised drying (DRY-21), weighed, crushing (CRU-31) and pulverised (PUL- 32), refer to ALS codes. • The assay methods used were ME-ICP61 and Au- AA25 (refer to ALS assay codes). ME-ICP61 (25g) is a four-acid digestion with ICP-AES finish. Au-AA25 (30g) is a fire assay method.
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,bywhat method,etc).	• All drilling is Diamond drilling (core), NQ2 in size. • Core was collected using a standard tube. • Core is orientated every run (3m) using the truecoreMT UPIX system.
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.	• Core recoveries are measured using standard industry best practice. • Core loss is recorded in the logging. • Core recovery in the surface lithologies is poor. • Core recovery in fresh rock is excellent with >99% recovered from 12m downhole depth.
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.	• Holes are logged to a level of detail that would support mineral resource estimation. • Qualitative logging includes lithology, alteration, texture, colour and structures. • Quantitative logging includes sulphide and gangue mineral percentages. • All drill core was photographed wet and dry. • All drill holes have been logged in full.

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	• Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged.
Sub- sampling techniques and sample preparation	• If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material beingsampled.	• Core was prepared using standard industry best practice. • The core was sawn in half using a diamond core saw and half core was sent to ALS Brisbane for assay. • No duplicate sampling has been conducted. • Samples intervals ranged from 0.2m to 1.2m. The average sample size was 1m in length. The sample size is considered appropriate for the material being sampled.
Quality of assay data and laboratory tests	• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis 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.	• Samples were stored in a secure location and transported to the ALS laboratory in Brisbane QLD via a certified courier. Sample preparation comprised drying (DRY-21), weighed, crushing (CRU-31) and pulverised (PUL-32). • The assay methods used were ME-ICP61 and Au- AA25 (refer to ALS assay codes). ME-ICP61 (25g) is a four-acid digestion with ICP-AES finish. Au- AA25 (30g) is a fire assay method. • Certified standards and blanks were inserted at a rate of >5% at the appropriate locations. These are checked when assay results are received to make sure they fall within the accepted limits. • The assay methods employed are considered appropriate for near total digestion.
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 anyadjustment to assaydata.	• Laboratory results have been reviewed by the Exploration Manager. • Significant intersections are reviewed by the Exploration Manager and Managing Director. • No twin holes were drilled. • Commercial laboratory certificates are supplied by ALS. • The certified standards and blanks are checked.
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.	• Drill hole collar locations were picked up using a RTK GPS (+- 0.025m). • Grid system used is GDA94 UTM zone 56 • Down hole surveys are conducted with a digital magnetic multi-shot camera at 30m intervals.
Data spacing and distribution	• Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree ofgeological	• The holes drilled were for exploration purposes and were not drilled on a grid pattern. • Drill hole spacing is considered appropriate for explorationpurposes.

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	and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied.	• The data spacing, distribution and geological understanding is not currently sufficient for the estimation of mineral resource estimation. • No sample compositing has been applied.
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.	• Drill holes are orientated perpendicular to the perceived strike where possible. • The orientation of drilling relative to key mineralised structures is not considered likely to introduce sampling bias. • The orientation of sampling is considered appropriate for the current geological interpretation of the mineral style. • The WCS006 and WCS007 drill hole intersects the Webbs Consol mineralised structure at approximately 70° laterally. • The exact orientation of the mineralisation intersected in holes WCS001-WCS005 is not known at this time.
Sample security	• The measures taken to ensure sample security.	• Samples have been overseen by the Project Manager during transport from site to the assay laboratories.
Audits or reviews	• The results of any audits or reviews of sampling techniques and data.	• No audits or reviews have been carried out at this point.

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	Criteria		JORC Code explanation	JORC Code explanation	JORC Code explanation	JORC Code explanation	JORC Code explanation	Commentary	Commentary	Commentary	Commentary	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 sampling was conducted on EL8933 • EL8933 is 100% held by Lode Resources Ltd. • Native title does not exist over EL8933 • All leases/tenements are in good standing
Exploration done by other parties			• Acknowledgment and appraisal of exploration by other parties.					• Historic rock and soil sampling (Figure 1)
Geology			• Deposit type, geological setting and style of mineralisation.					• EL8933 falls within the southern portion of the New England Orogen (NEO). EL8933 hosts numerous base metal occurrences. The Webbs Consol mineralisation is likely intrusion related and hosted within the Webbs Consol Leucogranite.
Drill holeInformation			• 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, including, easting and northing, elevation or RL, dip and azimuth, down hole length, interception depth and hole length. • If the exclusion of this information is justified the Competent Person should clearly explain why this is the case.					• See row below. • The exact orientation of the mineralisation intersected in holes WCS001-WCS005 is not known at this time. • Only drill assays from meaningful mineralised intercepts are tabulated below. A meaningful intercept is generally determined as being a series of consecutive assays grading >1g/t Ag, >0.1% Zn and/or >0.1% Pb.
Hole ID	Easting	Northing		RL	Dip	Azimuth	EOH Depth		Intercept depth		Width	TW
	GDA94 Z56	GDA94 Z56				(Grid)	(m)		From(m)	to(m)	(m)	(m)
WCS001	352604	6737624		780	-55	148.5	158.7		82	85	3	Unknown
WCS002	352605	6737624		780	-55	181	140.7		114.2	124.2	10	Unknown
WCS003	352600	6737590		780	-50	166	35.2		14.85	18.6	3.75	Unknown

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WCS004	352681	6737810	760	-55	129	219	24	32.1	8.1	Unknown
WCS005	352757	6737768	770	-55	269	71.5	47.3	55	7.7	Unknown
WCS006	352519	6736346	780	-60	303	188.7	104.6	132.1	27.5	14.2
WCS007	352519	6736346	780	-64	303	164.7	122.9	147	24.1	10.4
Drill hole WCS001 intercept

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D00106	12.00	12.50	0.50	4.5	0.33	0.45
D00107	12.50	13.10	0.60	2.4	0.10	0.13
D00108	13.10	13.80	0.70	1.1	0.06	0.04
D00109	13.80	14.20	0.40	1.3	0.05	0.04
D00110	14.20	14.85	0.65	3.4	0.07	0.06
D00111	14.85	15.50	0.65	13.2	1.52	0.49
D00112	15.50	15.80	0.30	11.9	0.23	0.19
D00113	15.80	16.80	1.00	17.7	0.31	0.75
D00116	16.80	17.80	1.00	89.4	0.24	1.98
D00119	17.80	18.60	0.80	3.0	0.02	0.11
D00122	18.60	19.15	0.55	14.5	0.60	0.33
D00124	19.15	19.50	0.35	7.7	0.51	0.50
Intercept	9.40	19.50	10.10	20.0	0.38	0.55
Drill hole WCS004intercept assays			(Webbs	Consol North Prospect)
Sample	From	To	Interval	Ag	Zn	Pb
No.	m	m	m	g/t	%	%
D00146	24.00	24.40	0.40	5.3	0.31	0.30
D00147	24.40	25.40	1.00	45.4	1.86	0.70
D00148	25.40	26.00	0.60	92.1	0.21	1.53
D00149	26.00	27.00	1.00	161.0	1.36	2.52
D00150	27.00	28.00	1.00	35.0	1.44	0.54
D00151	28.00	28.20	0.20	51.2	1.15	0.73
D00153	28.20	29.40	1.20	2.0	0.08	0.06
D00155	29.40	30.00	0.60	85.3	1.74	1.65
D00156	30.00	30.90	0.90	42.0	0.47	0.77
D00157	30.90	31.40	0.50	1.0	0.05	0.03
D00158	31.40	32.10	0.70	12.4	0.94	0.74
Intercept	24.00	32.10	8.10	50.6	0.91	0.89
Drill hole WCS005intercept assays			(Webbs	Consol North Prospect)
Sample	From	To	Interval	Ag	Zn	Pb
No.	m	m	m	g/t	%	%
D00221	1.80	2.40	0.60	6.9	0.63	0.35
D00222	2.40	3.00	0.60	4.7	0.37	0.23
D00223	3.00	3.85	0.85	1.7	0.25	0.20
D00224	3.85	4.05	0.20	10.9	0.96	1.01
D00227	4.05	4.60	0.55	3.7	0.35	0.32
Intercept	1.80	4.60	2.80	4.5	0.43	0.32
Sample	From	To	Interval	Ag	Zn	Pb
No.	m	m	m	g/t	%	%
D00237	47.30	48.00	0.70	11.7	0.50	0.52
D00238	48.00	49.00	1.00	10.2	0.40	0.21
D00239	49.00	49.60	0.60	9.4	0.43	0.40
D00240	49.60	50.20	0.60	7.7	0.55	0.22
D00243	50.20	50.80	0.60	28.8	0.33	0.64
D00245	50.80	51.10	0.30	70.8	2.21	1.64
D00248	51.10	52.00	0.90	2.9	0.04	0.01
D00251	52.00	53.00	1.00	1.5	0.01	0.00
D00253	53.00	53.90	0.90	6.0	0.02	0.04
D00255	53.90	54.40	0.50	16.3	1.28	0.14
D00258	54.40	55.00	0.60	9.7	0.29	0.21
D00260	55.00	56.10	1.10	0.5	0.04	0.02
D00261	56.10	56.60	0.50	4.1	0.41	0.47
Intercept	47.30	56.60	9.30	10.0	0.36	0.25
Drill hole WCS006 intercept assays			(Webbs	Consol Main Shaft Prospect)
Sample	From	To	Interval	Ag	Zn	Pb
No.	m	m	m	g/t	%	%
D00282	104.6	105.1	0.50	7.2	0.49	0.57
D00283	105.1	105.6	0.50	13.2	0.92	0.82

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ASX I 17 November 2021

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D00288 D00292 D00294 D00297 D00299 D00302 D00304 D00306 D00308 D00311 D00313 D00315 D00317 D00319 D00322 D00324 D00326 D00328 D00330 D00332 D00334 D00336 D00338 D00340 D00343 D00345 D00347 D00349	105.60 106.00 0.40 61.5 50.20 0.13 106.00 107.00 1.00 104.0 4.61 0.96 107.00 108.00 1.00 334.0 5.55 1.50 108.00 109.00 1.00 317.0 8.44 1.51 109.00 110.00 1.00 485.0 2.64 2.45 110.00 111.00 1.00 47.7 4.24 0.71 111.00 112.00 1.00 95.4 4.44 0.94 112.00 113.00 1.00 300.0 4.75 2.52 113.00 114.00 1.00 112.0 14.85 0.80 114.00 115.00 1.00 144.0 5.56 1.03 115.00 116.00 1.00 61.3 4.82 0.49 116.00 117.00 1.00 172.0 6.70 0.80 117.00 118.00 1.00 70.1 8.37 0.38 118.00 119.00 1.00 79.5 5.75 0.45 119.00 120.00 1.00 77.0 5.39 0.47 120.00 121.00 1.00 127.0 7.17 0.66 121.00 122.00 1.00 56.9 6.73 0.36 122.00 123.00 1.00 109.0 6.40 0.47 123.00 124.00 1.00 138.0 7.82 0.59 124.00 125.00 1.00 57.9 5.66 0.31 125.00 126.00 1.00 65.4 8.07 0.27 126.00 127.00 1.00 101.0 6.28 0.57 127.00 128.00 1.00 83.7 7.36 0.74 128.00 129.00 1.00 30.6 6.83 0.24 129.00 129.40 0.40 48.3 14.20 0.41 129.40 130.00 0.60 14.0 2.42 0.25 130.00 131.00 1.00 10.7 2.04 0.09 131.00 132.10 1.10 6.3 0.83 0.65 104.60 132.10 27.50 118.1 6.52 0.77	105.60 106.00 0.40 61.5 50.20 0.13 106.00 107.00 1.00 104.0 4.61 0.96 107.00 108.00 1.00 334.0 5.55 1.50 108.00 109.00 1.00 317.0 8.44 1.51 109.00 110.00 1.00 485.0 2.64 2.45 110.00 111.00 1.00 47.7 4.24 0.71 111.00 112.00 1.00 95.4 4.44 0.94 112.00 113.00 1.00 300.0 4.75 2.52 113.00 114.00 1.00 112.0 14.85 0.80 114.00 115.00 1.00 144.0 5.56 1.03 115.00 116.00 1.00 61.3 4.82 0.49 116.00 117.00 1.00 172.0 6.70 0.80 117.00 118.00 1.00 70.1 8.37 0.38 118.00 119.00 1.00 79.5 5.75 0.45 119.00 120.00 1.00 77.0 5.39 0.47 120.00 121.00 1.00 127.0 7.17 0.66 121.00 122.00 1.00 56.9 6.73 0.36 122.00 123.00 1.00 109.0 6.40 0.47 123.00 124.00 1.00 138.0 7.82 0.59 124.00 125.00 1.00 57.9 5.66 0.31 125.00 126.00 1.00 65.4 8.07 0.27 126.00 127.00 1.00 101.0 6.28 0.57 127.00 128.00 1.00 83.7 7.36 0.74 128.00 129.00 1.00 30.6 6.83 0.24 129.00 129.40 0.40 48.3 14.20 0.41 129.40 130.00 0.60 14.0 2.42 0.25 130.00 131.00 1.00 10.7 2.04 0.09 131.00 132.10 1.10 6.3 0.83 0.65 104.60 132.10 27.50 118.1 6.52 0.77
Intercept
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 clearlystated.	• All stated average grades are length weighted. • No grade capping has been applied. • No equivalent formula has been used.
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’).	• The reported historic strike and dip of the Webbs Consol mineralised lode is; Strike 190°, dip 70-75° east. • The WCS006 and WCS007 drill hole intersects the Webbs Consol mineralised structure at approximately 70° laterally (20° off perpendicular). • The orientation of the mineralisation intersected in holes WCS001-WCS005 is not known at this time.

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ASX I 17 November 2021

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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 plans and sections.	• Refer to plans and sections within report
Balanced reporting	• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	• The accompanying document is considered to represent a balanced report.
Other substantive exploration data	• Other exploration data, if meaningful and material, should be reported.	• All meaningful and material data is reported.
Further work	• The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).	• Diamond drilling is ongoing.

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