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LODE RESOURCES LTD Regulatory Filings 2026

Mar 16, 2026

65220_rns_2026-03-16_a8516c4d-8d2d-4ca4-b578-4182d0bf97f9.pdf

Regulatory Filings

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ASX Announcement | 17 March 2026 ASX Code: LDR

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HIGH-GRADE SILVER & ANTIMONY IDENTIFIED AT SILVER HILLS PROJECT, TAS

Highlights

  • High-grade silver–antimony mineralisation identified at the Silver Cliffs prospect within the recently acquired Silver Hills Project (EL6/2025) , located near Waratah in Tasmania’s premier West Coast mining district .

  • The exploration license completely surrounds the historic Mt Bischoff Mine , one of Tasmania’s most significant mining centres, positioning the project within a proven highgrade mineralised system.

  • Exceptional high-grade silver, antimony and lead assays returned from historical waste dump grab samples demonstrating potential for a high-grade mineral system:

  • 9,370 g/t Ag, 8.48% Sb and 16.05% Pb

  • 4,110 g/t Ag, 2.27% Sb and 81.00% Pb

  • 726 g/t Ag, 18.60% Sb and 43.40% Pb

  • 2,400 g/t Ag, 10.60% Sb and 23.60% Pb

  • 1,485 g/t Ag, 6.81% Sb and 37.70% Pb

  • 668 g/t Ag, 0.41% Sb and 21.6% Pb

  • 624 g/t Ag, 0.58% Sb and 33.10% Pb

  • Historical workings extend over 300 metres of strike , with multiple historical adits and waste dumps, highlighting the scale and continuity potential of the mineralised system .

  • Drilling approvals submitted to Mineral Resources Tasmania , positioning the Company for near-term drill testing .

  • Silver Cliffs becomes Lode’s third high-grade silver–antimony prospect in Tasmania , alongside Montezuma and Fahlore.

  • The prospect shares similar mineralogy with Lode’s more advanced Montezuma and Fahlore silver–antimony projects , suggesting potential for repeatable high-grade mineralisation across the portfolio .

  • Ongoing fieldwork at the Silver Hills Project, is targeting additional critical mineral occurrences, previously unexplored by modern exploration techniques .

  • Lode has expanded its Tasmanian exploration footprint from 155 km[2] to a total of 250 km[2] through the addition of EL2/2020 and EL6/2025 , consolidating a strategic landholding in a globally recognised mineral province.

  • Active drilling programs underway at the Montezuma Silver & Antimony deposit (Tasmania) and at Uralla Gold Project (NSW) provide multiple near-term catalysts.

ASX Code: LDR | ACN: 637 512 415 | www.loderesources.com A: Suite 506, Level 5, 50 Clarence Street Sydney NSW 2000| P: +61 (2) 9078 7176 | E: [email protected]

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Lode Resources Ltd (‘Lode’ or ‘Company’) (ASX: LDR) is pleased to announce that initial reconnaissance sampling at the Silver Cliffs prospect, located within the newly acquired Silver Hills Project in Tasmania, has returned exceptionally high grades of up to 9,370 g/t silver and 18.6% antimony .

Silver Cliffs represents Lode’s third high-grade silver-antimony project in Tasmania and significantly expands the Company’s growing portfolio of critical minerals assets in the State’s highly prospective West Coast mining district .

Lode Resources Managing Director Keith Mayes said: “The identification of high-grade silver and antimony mineralisation at the recently acquired Silver Hills Project highlights the effectiveness of Lode’s exploration targeting and reinforces the significant, yet underexplored, prospectivity of Tasmania’s West Coast.

Silver Hills is an exciting addition to Lode’s growing portfolio of high-grade projects in the area, and we have only just begun to evaluate the full potential of this highly prospective new asset.”

Executive Director - Exploration Ted Leschke said: “The silver grades returned from the Silver Cliffs workings are exceptional – the highest recorded to date across any of Lode’s projects – and are accompanied by very high antimony values.

The Silver Hills exploration license completely surrounds the historic Mt Bischoff Mine, further highlighting the prospectivity of the area. We are very excited about advancing the project and look forward to commencing drilling once approvals are in place.”

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Super High-Grade Silver & Antimony Identifed at Silver Cliffs[5]

Initial reconnaissance sampling from historical waste dumps at the Silver Cliffs workings, the first prospect to be investigated within the recently acquired Silver Hills Project (EL6/2025), have returned exceptionally highgrade silver, antimony, lead and zinc assays (see Table 1 and Figure 2). These results highlight the strong potential for a high-grade mineralised system within the project area and further demonstrate the prospectivity of Lode’s newly expanded Tasmanian landholding.

Grab sampling is selective in nature with resultant assay grades considered to be indicative only, providing qualitative evidence of mineralisation, rather than representative grades of which may be lower or higher.

Table 1. Silver Hills Project – Silver Cliffs workings dump assays

Sample Prospect Easting Northing Ag Sb Pb Zn Cu
Number GDA 94 GDA 94 (g/t) (%) (%) (%) (%)
MR0018 Silver Cliffs 375237 5413176 92 3.51 7.18 5.39 0.11
MR0019 Silver Cliffs 375230 5413164 198 7.01 14.60 9.11 0.19
MR0020 Silver Cliffs 375227 5413273 9370 8.48 16.05 25.30 1.48
MR0021 Silver Cliffs 375247 5413331 4110 2.27 81.00 0.57 0.08
MR0022 Silver Cliffs 375250 5413335 726 18.60 43.40 9.42 0.17
MR0023 Silver Cliffs 375308 5413481 65 1.16 2.47 0.80 0.01
MR0024 Persic 375082 5414137 1205 0.81 26.60 5.00 0.07
MR0025 Persic 375019 5414175 212 0.26 3.80 1.97 0.02
SC001 Silver Cliffs 375225 5413205 5.7 0.36 0.82 1.38 0.01
SC002 Silver Cliffs 375296 5413265 470 2.90 6.18 5.76 0.10
SC003 Silver Cliffs 375330 5413455 2400 10.60 23.60 9.17 0.38
SC004 Silver Cliffs 375235 5413335 1485 6.81 37.70 20.40 0.33
SC005 Silver Cliffs 375350 5413402 668 0.41 21.60 1.08 0.03
SC006 Silver Cliffs 375370 5413410 624 0.58 33.10 2.45 0.05

The Silver Cliffs prospect is located within the recently acquired Silver Hills Project (EL6/2025) located near the township of Waratah, part of Tasmania’s premier West Coast mining district. The Exploration License surrounds the historic Mt Bischoff tin mine held by Bluestone Metals on Mine Lease 12M/2006, highlighting the strong mineral endowment of the area and placing the project within an established and well-endowed mining province

The Silver Cliffs workings extend over more than 300 metres of strike and comprise a series of historical adits and waste dumps, indicating the presence of a potentially significant mineralised system. The prospect represents Lode’s third high-grade silver–antimony project in Tasmania , strengthening the Company’s growing portfolio of critical mineral assets.

Mineralisation at Silver Cliffs is characterised by high-grade epithermal silver, antimony, lead and zinc. Minerals present include jamesonite, galena, tetrahedrite, sphalerite and chalcopyrite.

Silver Cliffs mineralogy is similar to the Montezuma Silver & Antimony deposit, located near the township of Zeehan, and the Fahlore Silver & Antimony deposit, located near Rosebery – all three owned by Lode.

Fieldwork is ongoing at the Silver Hills Project, with the Company targeting additional mineralised systems that have not been subject to modern exploration techniques . In addition to Silver Cliffs, the Persic and North Valley prospects are of particular interest with historical records indicating the presence of silver and antimony as well as base metals.

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Lode recently expanded its Tasmanian exploration footprint from 155 km² to 250 km² through the addition of exploration licenses EL2/2020 and EL6/2025 , Lode’s newly expanded tenure is strategically located amongst established Tasmanian mining centres including Rosebery (Zn, Pb, Cu, Ag, Au), Hercules (Pb, Zn, Ag, Au), Renison Bell (Sn), Henty (Au), Zeehan (Pb, Ag, Sn), Waratah (Sn) and Mt Lyell (Cu).

Lode’s exploration strategy is aligned with the Tasmanian Government’s Critical Minerals Strategy , positioning the Company to benefit from increasing demand and policy support for strategic metals including antimony .

Figure 1 . Silver Cliffs mine workings and dump assays

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65 g/t Ag, 1.1% Sb,
2.5% Pb, 0.8% Zn (MR0023)
2400/t Ag, 106% Sb,
23.6% Pb, 9.2% Zn (SC003)
668/t Ag, 0.4% Sb,
21.6% Pb, 1.08% Zn (SC005)
624/t Ag, 0.58% Sb,
33.1% Pb, 2.5% Zn (SC006)
1485/t Ag, 6.8% Sb,
37.7% Pb, 20.4% Zn (SC004)
726 g/t Ag, 18.6% Sb,
43.4% Pb, 9.4% Zn
4110 g/t Ag, 2.3% Sb,
81.0% Pb, 0.6% Zn
470/t Ag, 2.9% Sb,
6.2% Pb, 5.8% Zn (SC002)
9370 g/t Ag, 8.5% Sb,
16.1% Pb, 25.3% Zn
92 g/t Ag, 3.5% Sb,
7.2% Pb, 5.4% Zn (MR0018)
198 g/t Ag, 7.0% Sb,
14.6% Pb, 9.1% Zn
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Figure 2. Waratah district MRT 250K geology, prospects and Silver Hills (EL6/2025) location

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Lode - EL6/2025
Silver Cliffs Ag-Sb-Zn-Pb
Bluestone – 12M/2006
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Figure 3. Historically recognised zonation of Ag-Sb-Zn-Pb mineralisation (red) surrounding the Mt Bishoff tin mine (blue).

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Persic Ag-Sb-Zn-Pb
North Valley Lodes
Silver Cliff Ag-Sb-Zn-Pb
Mt Bischoff Sn mine
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Silver Cliffs Augments Lode’s High-Grade Prospect Portfolio[1-6]

Lode has accumulated a strong portfolio of high-quality exploration prospects based on a focused strategy of 100% ownership and demonstrated high-grade mineralisation and/or potential for large mineral occurrences. The addition of Silver Cliffs prospect further enhances the Company’s already compelling project portfolio, strengthening its exposure to high-grade silver and antimony mineralisation in Tasmania’s highly prospective West Coast mining district. Furthermore, six of Lode’s 7 main prospects grade significant critical minerals.

Table 2. Summary of Lode’s Prospects of which 6 are prospective for critical metals

Main
Commodities
Exploration Status
Exploration Results Highlight To Date
Prospect
State
Main
Commodities
Exploration Status
Exploration Results Highlight To Date
Prospect
State
Main
Commodities
Exploration Status
Exploration Results Highlight To Date
Prospect
State
Main
Commodities
Exploration Status
Exploration Results Highlight To Date
Prospect
State
Main
Commodities
Exploration Status
Exploration Results Highlight To Date
Prospect
State
Montezuma Tasmania Ag,Sb,Pb,Au,Sn Resource drillingongoing 76 mineralised intercepts to date
19 intercepts >1000 AgEq g/t.m(25%)
34 intercepts >500 AgEq g/t.m(45%)
63 intercepts >100 AgEq g/t.m(83%)
Magwood NSW Sb Initial scout drillingcompleted DH hole MAG010 [email protected]% Sb
incl. [email protected]% Sb
incl. [email protected]% Sb
incl. [email protected] Sb
Fahlore Tasmania Ag,Sb,Cu Planned inaugural drillingin 2026 Grab samples upto 2480g/t Ag
2.35% Sb
3.73% Cu
Silver Cliffs **Tasmania ** Ag, Sb, Pb, Zn Planned inaugural drilling in 2026 Grab samples up to 9370 g/t Ag
18.60% Sb
81.00% Pb
25.30% Zn
1.48% Cu
Granville Tasmania Sn Planned inaugural drillingin 2026 Awaitinginitial assays
Rock Abbey NSW Sb Planned inaugural drillingin 2026 Grab samples upto 31.5% Sb
Uralla NSW Au Follow-updrillingcommenced 32 mineralised intercepts to date
9 intercepts >30 AuEq g/t.m(28%)
18 intercepts >15 AuEq g/t.m(56%)
26 intercepts >7.5 AuEq g/t.m(81%)

This announcement has been approved and authorised by Lode Resources Ltd’s Managing Director, Keith Mayes.

For more information on Lode Resources and to subscribe for our regular updates, please visit our website at www.loderesources.com or email [email protected]

No Material Changes

The Company confirms it is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning the exploration activities in this market announcement continue to apply and have not materially changed.

Competent Person’s Statement

The information in this market announcement that relates to exploration results is based on information compiled by Mr Tim Callaghan, who is a Member of the Australian Institute of Geoscientists. The information in this market announcement is an accurate representation of the available data for Montezuma project. Mr. Callaghan 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 Callaghan consents to the inclusion in this announcement of the matters based on the information in the form and context in which it appears.

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About Lode Resources

Lode Resources Ltd (LDR) is an ASX-listed explorer focused on the highly prospective but under-explored New England Fold Belt in north-eastern NSW and the Montezuma Silver & Antimony Project located in Tasmanian’s premier West Coast Mining Province. The Company has assembled a portfolio of brownfield precious and base metal assets characterised by:

  • 100% ownership;

  • Significant historical geochemistry and/or geophysics;

  • Under-drilled and/or open-ended mineralisation; and

  • Demonstrated high-grade mineralisation and/or potential for large mineral occurrences.

This has resulted in a portfolio of assets with diverse mineralisation styles consisting of four core projects of current focus

  1. Montezuma Silver & Antimony Project – Located on the west coast of Tasmania, a region well known for mining activity, the Project consists of a high-grade antimony-silver-lead deposit with initial development, advanced metallurgical test work and significant beneficiation infrastructure.

  2. Uralla Gold – Located 8km west of the Uralla township, this goldfield was one of the earlier goldfields discovered in NSW and a significant gold producer in the 1850’s. Despite this long history the mineralisation style has only recently been recognised as being an Intrusive Related Gold System (IRGS) and this has strong implications for this project’s discovery potential. Lode’s holdings cover over 300 square kilometres.

  3. New England Antimony Project – Located in one of Australia’s most prolific antimony producing provinces, 19 antimony prospects have already been identified within the Exploration Licences (EL) EL9662 and EL9319, both controlled 100% by Lode. The project is anchored by the Magwood Mine, discovered in the 1880s and mainly worked between 1941 and 1970, and was Australia’s primary producer of antimony.

  4. Granville Tin Project – Located approximately 5 km west of Zeehan in Tasmania, this project is known for its high-grade tin skarn mineralisation. Infrastructure includes connection to grid power, ball mill, gravity tables, spirals, tankage, raw water and a recently constructed tailings dam.

Lode’s New England Project Locations

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Twin Hills Mt Carrington
Gold & Silver Gold & Silver
Timbarra
Webbs Gold & Silver
Consol Webbs
Silver
Sandon New England
Base Metals Antimony
Thor Tea Tree
Gold Gold NSW
Uralla
Gold Hillgrove
Gold &
Rocky River
Gold
Fender
Copper/Zinc
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Lode’s Tasmanian Project Locations

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Silver Hills EL6/2025
• 71 sqkm recently added to LDR’s EL acreage
• Silver & Antimony
Greater Montezuma EL2/2020
• 84 sqkm recently added to LDR’s EL acreage
• Silver & Antimony
• Potential for VMS base metal deposits
• Surrounded by Tasmania’s largest mining
centres
----- End of picture text -----

References

  1. LDR announcement 30 September 2025 “Montezuma Regional High-Grade Silver & Antimony Assays”

  2. LDR announcement 17 October 2025 “31.1% Antimony Intercepted in Inaugural Drilling at Magwood NSW”

  3. LDR announcement 6 January 2026 “Up To 1,948g/t Silver Eq in Latest Drill Results from the Montezuma Silver & Antimony Deposit”

  4. LDR announcement 25 Feb 2026 “High Grade Antimony and Gold Mineralisation at Rock Abbey”

  5. LDR announcement 4 March 2026 “Lode Secures 155km[2] of Highly Prospective Ground in Tasmania’s Premier West Coast Mining District” 6. LDR announcement 10 March 2026 “Drilling Commences at the Uralla Gold Project”

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Appendix I

JORC Code, 2012 Edition - Table 1.

(Criteria in this section apply to all succeeding sections.)


Criteria

• JORC Code explanation
• Commentary
Sampling
techniques
• Nature and Quality of sampling (e.g. cut channels,
random chips or specific specialized industry
standard measurement tools appropriate to the
minerals under investigation, such as downhole
gamma sondes, or handheld XRF instruments etc.).
• 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 (e.g. ‘reverse circulation drilling
was used to obtain 1m samples from which 3kg was
pulverized to produce 30g 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
sampling types (e.g. submarine nodules) may
warrant disclosure of detailed information.
• Rock chip samples of 1-2kg
obtained by LDR staff.
• Sampling techniques are considered
an appropriate method for
greenfields exploration.
Drilling
techniques
• Drill type (eg core, reverse circulation, open-hole
hammer, rotary air blast, auger, Bangka, sonic, etc) and
details (eg core diameter, triple or standard tube, depth
of diamond tails, face-sampling bit
• or other type, whether core is oriented and if so, by
what method,etc).
• Not applicable. No Drilling
completed as this report relates
initial grab sampling of historical
mine dumps.
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.
• Not applicable. No Drilling
completed as this report relates
initial grab sampling of historical
mine dumps.
Logging • Whether core and chip samples have been geologically
and geotechnically logged to a level of detail to support
appropriate Mineral Resource estimation, mining
studies and metallurgical studies.
• Whether logging is qualitative of quantitative in
nature. Core (or costean, channel etc) photography.
• Not applicable. No Drilling
completed as this report relates
initial grab sampling of historical
mine dumps.
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,
includingfor instance results for field duplicate/second-
• Rock chip preparation comprised
drying (DRY-21), weighing,
crushing to 85% passing 2mm
(CRU-36) and a 3kg split pulverised
to 85% passing 75um (PUL-33).

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Criteria • JORC Code explanation • Commentary
half sampling.
• Whether sample sizes are appropriate to the grain size
of 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.
• LDR rock chip assay methods
included 4 acid digest followed by
multi element ICP-AES
spectrometry (ME-ICP61). Gold
was analysed by 30g fire assay
method Au-AA25. Sn and Sb ore
grade was analysed by fused disc
XRF(XRF15c) (refer to ALS assay
codes). High grade samples
triggered further OG62 OG46 and
XRF15 analysis.
• Certified reference materials and
blanks were inserted at a rate of
>5% at the appropriate locations.
Coarse and pulp duplicates were
requested at >5%. All QAQC fall
within the accepted limits.
• The assay methods employed are
considered appropriate for total
analysis.
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.
• LDR rock chip sample results
received electronically.
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.
• Qualityand adequacyof topographic control.
• Rock chips located by handheld
GPS (+/-5m) as GDA94 Zone 55
coordinates.
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 compositinghas been applied.
• Rock chip sampling randomly
oriented according to field locations
of outcrop and rock dumps.
• 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.
• Orientation is not applicable for
LDR rock chip samples.
Sample security • The measures taken to ensure sample security. • LDR rock chips delivered to ALS
laboratories byLDR staff.
Audits or reviews • The results of any audits or reviews of sampling • No audits or reviews have been

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Criteria • JORC Code explanation • Commentary
techniques and data. carried out at thispoint.

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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 thetime
of reporting along with any known
impediments to obtaining a
• licence to operateinthe area.
• The Silver Hills Project is located on tenement
EL6/2025.
• These tenements are 100% held by Spero Mining Pty
Ltd, a 100% owned subsidiary of Lode Resources Ltd.
• Native title does not exist over the above tenements.
• All leases/tenements are in good standing.
Exploration
done by other
parties
• Acknowledgment and appraisal of
exploration by other parties.
• The Waratah mining district has seen extensive
albeit intermittent historic mining activity since the
1880’s up to 2010. The Mt Bishoff tin mine was the
most dominant mine in the district.
Geology • Deposit type, geological setting and style
of mineralisation.
• The Silver Cliff silver and antimony deposit is a
structurally controlled lode, associated with N-S fault
structures. Fault related fissure vein mineralisation is
associated with Silurian granite intrusions associated
with widespread Sn-W and Pb-Zn-Ag-Sb
mineralising event in western Tasmania. The district
is prospective for this under-explored style of
mineralisation. This project area is also prospective
forgold,zinc,copper,tin and tungsten.
Drill hole
Information
• A summary of all information material
to the understanding of the exploration
results including a tabulation of the
following information for all Material
drill holes, 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 tables and figures containing relevant sample
locations in the body of this report.
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
• No grade capping, aggregating or averaging has been
applied.

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Criteria • JORC Code explanation • Commentary
clearly stated.
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’).
• Not applicable. This report refers rock chip samples.
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 plans and
sections.
• Refer to plans and maps within this 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.
• All exploration results discussed in this report are
included in the tables and figures associated with this
report.
• Exploration results previously reported in LDR ASX
announcements are listed at the end of this report.
Other
substantive
exploration data
• Other exploration data, if meaningful
and material, should be reported
including (but not limited to): geological
observations; geophysical survey results;
geochemical survey results; bulk samples
– size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminatingsubstances.
• Structurally controlled lode silver and antimony
mineralisation has not been subject to modern
exploration. Lode is the first modern exploration
company to initiate exploration on this style of
mineralisation.
Further work • The nature and scale of planned further
work (eg tests for lateral extensions or
depth extensions or large-scale step-out
drilling).
• Diagrams clearly highlighting the areas
of possible extensions, including the
main geological interpretations and
future drilling areas, provided this
information is not commercially
sensitive.
• Lode has submitted an application for inaugural
drilling at the Silver Cliffs prospect application with
Mineral Resources Tasmania.

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