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LODE RESOURCES LTD Regulatory Filings 2021

Sep 14, 2021

65220_rns_2021-09-14_7185c27b-8fe5-4997-a05d-009c7b21f977.pdf

Regulatory Filings

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15 September 2021

Drilling Commences at Webbs Consol Silver Project

Highlights

  • Drilling has commenced at Lode’s Webbs Consol Silver Project

  • Approximately 1,500m of diamond drill drilling will test high-grade silver mineralisation sampled at surface and underground extensions

  • To date 30 selective surface chip/grab sample silver assays grading >20 g/tAg have averaged 73 g/t Ag(up to 289 g/tAg) from an area of interest approximately 2,000m long

  • A separate single selective grab sample taken from the Webbs Consol main shaft waste dump graded 2,230 g/t silver and 32.5% zinc demonstrating an unusual association between the two metals

  • Uralla Gold RC drilling contracted to commence October 25[th]

Webbs Consol Silver Project Drilling

Lode Resources Ltd (ASX:LDR or ‘Lode’ or ‘the Company’) is pleased to announce the commencement of drilling at the Webbs Consol Silver Project (EL 89233), one of Lode’s three drill ready exploration projects. Approximately 1,500m of diamond drilling is planned, testing high grade silver mineralisation sampled at surface and extensions of mineralisation mapped in underground workings at the Webbs Consol main shaft. In addition, a tracked RC drill rig has been contracted to commence drilling at Lode’s Uralla Gold Project on 25 October.

Photo 1: Drilling underway at Lode’s Webbs Consol Silver Project

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Lode Resources Ltd ACN 637 512 415 Level 30, 264 George St Sydney NSW 2000 I www.loderesources.com

ASX I 15 September 2021

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Webbs Consol Silver Project Sampling

Rock chip description logging, sampling and mapping has revealed extensive occurrences of silver and lead mineralisation over a 2,000 metre north-south strike. See Figure 1. To date 30 chip/grab sample silver assays grading > 20 g/t have averaged 73 g/t (up to 289 g/t) from an area of interest approximately 2,000m long in a north-south orientation[1,2] . Chip/grab sampling is a spot sample technique and assay grade is not regarded as being representative of the grade of the mineralised occurrence in general nor an indication of the width of the mineralised occurrence.

Figure 1: Webbs Consol Silver Project – Rock chip/grab sampling silver and lead grades[1, 2 ]

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Drill Target - Webbs Consol North Highly anomalous soils
Ag & Pb in grab samples = Potential extension
Sample Ag g/t Pb % Not e
ID
R157 149 1.88 1
R165 126 5.21 1 Webbs Consol North
R163 84 5.63 1
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
R161 47 0.61 1
28708 39 1.30 2
28703 34 0.35 2 Drill Target - Lucky Lucy
WC10 32 1.84 2 Ag & Pb in grab samples
R164 28 2.55 1 Sample Ag g/t Pb % Not e
R160 25 0.40 1 ID
WC6 23 2.12 2 28715 272 0.09 2
R162 20 1.59 1 R173 130 0.02 1
28709 19 1.27 2 R169 70 0.20 1
R167 16 0.98 1 WC18 60 0.22 2
28717 37 0.85 2
R174 34 0.05 1
R172 33 0.03 1
Lucky Lucy R171 27 0.55 1
28713 21 0.12 2
28714 19 0.04 2
28716 18 0.11 2
Drill Target - Webbs Consol Central
Webbs Consol
Ag, Pb & Zn in grab samples
Main Shaft
Sample Ag g/t Pb % Zn % Not e
ID
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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1 Refer Appendix Table 1 of this announcement 2Refer LDR Prospectus 14 April 2021 p118 & 119 (IGR p44 & p45) & LDR Supplementary Prospectus 6 May 2021

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Three prospects have been defined, that being Webbs Consol North, Lucky Lucy and Webbs Consol Central. Each of these targets are to be drill tested in the current programme.

Photo 2: Drill core at Lode’s Webbs Consol Silver Project

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Mineralisation at the Webbs Consol Silver Project appears to spatially related to the contact between the Webbs Consol Leucogranite and the Emmaville Volcanics. It is not unusual for mineralised structures to develop along the contact between rock units of differing competency. Generally, most surface samples that returned silver values also returned high lead values, however zinc values were generally quite low. This may reflect either the depletion and dispersion of zinc due to surface weathering effects or vertical zonation of metal distribution, or both.

Soil sampling on three traverses north of Webbs Consol North returned highly anomalous lead values, indicating the potential for mineralisation to extend a further 300 metres north below soil cover along the Webbs Consol Leucogranite/Emmaville Volcanics contact. See Figure 1.

Two selective grab samples were taken from the Webbs Consol main shaft waste dump. Sample R176 graded a spectacular 2,230 g/t silver and 32.5 % zinc[1] . Whilst this sample was taken selectively the silver mineralisation appears to have a strong association with zinc mineralisation (sphalerite) in addition to the usual association with lead mineralisation (galena). See Table 1 overleaf.

1 Refer Appendix Table 1 of this announcement

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Table 1: Webbs Consol Main Shaft Ag, Pb & Zn in selective grab samples from mine dump[1]

Sample
Number
Sample
Width
Ag
**g/t **
Pb
%
Zn
%
R176 Grab 2,230
7.3
32.5
R177 Grab 289
18.7
0.9

Metallurgical tests and petrological studies are planned for drill intercepts of unweather mineralisation to further investigate this metal association, however these preliminary assays are supported by pre-JORC code historical selective sampling[3] of Webbs Consol underground workings at 60 metres depth where high grade silver also appears to be associate with both high grade zinc and high grade lead mineralisation. See Table 2 & Figure 2.

Figure 2: Webbs Consol Main Shaft Level 3 (60m depth) Geology and historical sample points[3]

Table 2: Webbs Consol Main Shaft Ag, Pb & Zn in historical selective channel sampling (pre-JORC code) from workings at 60m depth[3 ]

Sample
Number
Sample
Width
Ag
**g/t **
Pb
%
Zn
%
1 1.32 472 3.0 16.1
2 0.81 123 - 51.7
3 1.55 142 1.7 8.8
4 1.52 310 2.3 5.4
5 1.22 46 0.2 50.1
6 0.97 235 0.9 35.5
7 1.83 522 9.4 4.9
8 0.66 73 - 38.1
9 1.07 51 0.2 12.3
10 1.22 146 0.3 13.9
14 1.52 266 11.5 2.2
15 0.30 4,665 70.0 -

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Workings driven north on
mineralized structures
Mineralisation & alteration
envelop suggest potential for
larger mineralized body at
depth
Two compartment
vertical shaft
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It has been historically recorded that mined zinc mineralisation was discarded as it could not be beneficiated economically using primitive gravity methods such as sluicing due to sphalerite’s relatively low specific gravity which is almost half that of galena. This implies that a substantial amount of associated silver was also discarded.

1 Refer Appendix Table 1 of this announcement

3 Refer Phipps, C., 1956. Geological Report on the Webb's Consul Mine, Emmaville, NSW, s.l.: Geological Survey of NSW, Mine Record 2708

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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 occurring in ‘en échelon’ vertical pipe like bodies at intersection of main north-south shear and secondary northeast-southwest fractures. No leaching or secondary enrichment 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 3: 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
Silver Timbarra
Gold &
Silver
NSW
Elsinore
Thor
Copper
Gold Tea Tree
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 [email protected]

About Lode Resources

Lode Resources is an ASX-listed explorer focused on the highly prospective but underexploited 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.

Samples were collected by a qualified geologist.

28 rock samples were collected from outcrop and
historic waste dumps.

The rock sample weight range is between 1.16kg to
2.68kg. This is considered appropriate for this style
of sampling.

48 soil samples were collected.

Sample locations were surveyed with a handheld
GPS (+- 5m) and marked into sample books and on
sample bags.
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).

No drilling results have been reported.

Diamond drilling has commenced.

The core is NQ in size.

No drill core has been processed.
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 results have been 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.

The geology, mineralogy, nature and
characteristics of mineralisation and host rock
geology, and orientation of the associated
mineralised structures, was logged by a qualified
geologist and subsequently entered into a
geochemical database. Photographs taken for
reference.

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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.

Whether logging is qualitative or quantitative
in nature. Core (or costean, channel, etc)
photography.

The total length and percentage of the
relevant intersections logged.

Whether logging is qualitative or quantitative
in nature. Core (or costean, channel, etc)
photography.

The total length and percentage of the
relevant intersections logged.

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.


No drilling results have been reported.
Samples were dry and not split in the field.
Sample sizes are considered appropriate.
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 are stored in a secure location and
transported to the ALS laboratory in Brisbane
QLD via a certified courier. Sample preparation
initially comprises drying (DRY-21), weighing,
crushing (CRU-31), riffle split and pulverizing of
1kg to 85% < 75μm (PUL-32).
The assay methods used were ME-ICP61 and Au-
AA25 (refer to ALS assay codes). ME-ICP61 is a
four-acid digest with ICP-AES finish with various
detection limits. Au-AA25 is a fire assayed for Au
using a 30g sample, detection is 0.01-100 ppm
Au.
Only internal laboratory checks were used for
QACQ.
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.


Laboratory results have been reviewed by Project
Manager.
Laboratory CSV files are merged with GPS Location
data files using unique sample numbers as the key.
No adjustments made to assay data.
Location of
data points

Accuracy and quality of surveys used to locate
drill holes (collar and down-hole surveys),
trenches, mine workings and other locations
used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.



Sample points were recorded using a handheld
GPS (+- 5m).
Sampling points are recorded as x, y & z
coordinates.
Accuracy is assumed to be +/-5m
Grid system used is GDA94 UTM zone 56
Sample ID Sample Type Easting Northing Ag ppm Pb % Zn %
R157 DumpGrab 352693 6737799 149 1.88 0.02
R158 Rock Chip 352807 6737792 8.6 1.30 0.04
R159 Rock Chip 352750 6737778 7.1 0.16 0.01

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R160 DumpGrab 352740 6737771 24.7 0.40 0.01
R161 Rock Chip 352732 6737750 47.3 0.61 0.02
R162 Rock Chip 352711 6737664 19.5 1.59 0.06
R163 Rock Chip 352645 6737672 84.2 5.63 0.02
R164 DumpGrab 352641 6737649 27.6 2.55 0.01
R165 Rock Chip 352628 6737630 126 5.21 0.05
R166 DumpGrab 352612 6737602 64.6 6.56 0.00
R167 DumpGrab 352599 6737580 16.4 0.98 0.16
R168 Rock Chip 352490 6737151 6 0.39 0.11
R169 Rock Chip 352454 6737009 69.8 0.20 0.02
R170 DumpGrab 352444 6736995 8.1 0.04 0.28
R171 DumpGrab 352369 6736725 26.8 0.55 0.07
R172 Rock Chip 352314 6736824 33.2 0.03 0.02
R173 DumpGrab 352336 6736880 130 0.02 0.00
R174 DumpGrab 352447 6737196 33.5 0.05 0.03
R175 Rock Chip 352673 6737616 7.4 0.56 0.02
R176 DumpGrab 352464 6736402 2,230 7.34 32.5
R177 DumpGrab 352466 6736397 289 18.65 0.94
R178 DumpGrab 352492 6736149 94.4 3.36 3.57
R179 DumpGrab 352457 6735960 20.3 0.80 0.51
R180 DumpGrab 352413 6735903 63.5 0.20 0.02
R181 DumpGrab 352537 6735797 20.5 2.34 3.79
R182 DumpGrab 352655 6735754 99.1 6.92 0.08
R183 DumpGrab 352456 6735669 14.3 0.63 0.27
R184 DumpGrab 352918 6734513 27.4 2.30 0.02
Sample ID Sample Type Easting Northing Ag ppm Pb
ppm
Zn
ppm
S445 Soil 352650 6737900 0.12 45.6 1.95
S446 Soil 352675 6737900 0.12 66.1 0.85
S447 Soil 352700 6737900 0.22 67.4 2.40
S448 Soil 352725 6737900 0.38 122.5 1.40
S449 Soil 352750 6737900 0.13 144.0 3.52
S450 Soil 352775 6737900 0.14 173.0 2.46
S451 Soil 352800 6737900 0.14 142.0 2.62
S452 Soil 352825 6737900 0.16 198.5 1.40
S453 Soil 352850 6737900 0.18 310.0 1.89
S454 Soil 352875 6737900 0.29 227.0 1.68
S455 Soil 352900 6737900 2.62 401.0 8.80
S456 Soil 352925 6737900 0.13 85.4 1.47
S457 Soil 352950 6737900 0.22 55.9 2.07
S458 Soil 352975 6737900 0.10 45.2 2.06
S459 Soil 353000 6737900 0.11 44.3 3.61
S460 Soil 353025 6737900 0.10 58.1 2.25
S461 Soil 353050 6737900 0.09 37.6 1.35
S462 Soil 352700 6738000 0.08 53.6 2.88

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S463 Soil 352725 6738000 0.30 0.30 78.7 1.38
S464 Soil 352750 6738000 0.12 105.5 1.71
S465 Soil 352775 6738000 0.07 84.8 3.48
S466 Soil 352800 6738000 0.14 84.7 2.34
S467 Soil 352825 6738000 0.22 86.9 1.55
S468 Soil 352850 6738000 0.20 133.5 3.55
S469 Soil 352875 6738000 0.51 372.0 3.12
S470 Soil 352900 6738000 0.98 428.0 2.31
S471 Soil 352925 6738000 5.02 1780.0 8.47
S472 Soil 352950 6738000 0.44 162.5 2.31
S473 Soil 352975 6738000 0.28 115.0 1.57
S474 Soil 353000 6738000 0.08 30.8 1.49
S475 Soil 353025 6738000 0.22 79.5 1.93
S476 Soil 353050 6738000 0.06 23.2 1.71
S477 Soil 353075 6738000 0.10 26.0 2.32
S478 Soil 353100 6738000 0.45 220.0 2.22
S479 Soil 352650 6734770 0.06 32.9 1.00
S480 Soil 352675 6734770 0.06 30.2 3.25
S481 Soil 352700 6734770 0.03 44.8 1.58
S482 Soil 352725 6734770 0.04 29.3 0.71
S483 Soil 352750 6734770 0.03 18.9 0.57
S484 Soil 352775 6734770 0.03 15.5 0.54
S485 Soil 352800 6734770 0.03 15.1 0.73
S486 Soil 352825 6734770 0.02 15.2 0.72
S487 Soil 352850 6734770 0.03 12.6 1.49
S488 Soil 352875 6734770 0.03 11.7 0.64
S489 Soil 352900 6734770 0.03 18.4 0.62
S490 Soil 352925 6734770 0.03 28.9 1.11
S491 Soil 352950 6734770 0.03 27.1 1.28
S492 Soil 352975 6734770 0.05 40.5 0.64
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.



Results will not be used for resource estimation.
Sampling consisted of 28 rock samples and 48 soil
samples.
The rock sample weight range (1.16-2.68kg) is
considered appropriate for this style of sampling.
No composting 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
No drilling results have been reported.

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material.
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.

Section 2 Reporting of Exploration Results

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

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 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 sampling
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 Consols
mineralisation is likely intrusion related and
appears to be hosted within both the Webbs
Consol Leucogranite and Emmaville Volcanics.

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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.

No drilling results have been 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 clearlystated.

No drilling results have been 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’).

No drilling results have been reported.
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
belimited to a plans and sections.

Refer to plans and sections within report

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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).

Sampling and mapping activities are ongoing.
Diamond drilling is also ongoing.

13