LOYAL METALS LTD — Capital/Financing Update 2021

Nov 2, 2021

ASX RELEASE

3 November 2021

==> picture [208 x 28] intentionally omitted <==

Results received from Auger Vacuum drilling and Rock Chips at Providence

Highlights:

• Auger vacuum results (from work undertaken by Torian Resources in March 2021) has been received for the Wombola Prospect (Mt Monger North)

• Significant intercepts include:

  • MMWV0101 1m @ 1.37 g/t Au from 38-39m (EOH),

  • MMWV0103 1m @ 6.80 g/t Au from 39-40m (EOH) m,

  • MMWV0106 1m @ 2.18 g/t Au from 20-21m

• Rock Chip sampling over the Providence and Wombola Prospects returned

• encouraging gold, silver and copper results, including:

  • 21.83 g/t Au and 1.7 g/t Ag (MMW-06)

  • 12.97 g/t Au and 2.74 g/t Ag (MMW-20)

  • 5.15 g/t Au, 4.96 g/t Ag and 0.52% Cu (MMW-23)

  • 7.32 g/t Au, 11.62 g/t Ag and 0.75 g/t Cu (MMW-25)

• Rock chip and AV results may bode well for the prospect of positive RC drilling results for the recent campaign at Providence.

• RC drilling results are beginning to come in from the lab, with full results expected to be received, collated and released within 2 weeks.

Monger Gold Limited (ASX: MMG , ‘ Monger ’ or ‘ the Company’ ) is pleased to provide an update in relation to its exploration program of work.

The Company has completed the in-fill reverse circulation (RC) drilling program (Figure 1) at its Providence Prospect (Mt Monger North Project). The analytical results have been received from the lab and will be collated and reported in the next 7 – 10 days.

The Company has also received analytical results from a vacuum drilling campaign which was conducted by Torian Resources over the Wombola Prospect (Mt Monger North) prior to the transfer of the tenements to Monger Gold.

Monger Gold’s Non-Executive Chairman, Peretz Schapiro says, “We are pleased to be able to complete the in-fill drilling program at Providence and are currently collating the analytical results for release in the next 2 weeks. The analytical results from the vacuum drilling and the extensive rock chip sampling programs at the Providence prospect, are an encouraging indication of what may be uncovered by the RC drilling campaign and further reinforce the Company’s strategy to prioritise the Providence prosecpt as we fully investigate the Mt Monger tenements.”

==> picture [84 x 39] intentionally omitted <==

Directors: Exploration Manager: Peretz Schapiro Michael O'Mara Andrew Graham Company Secretary: Romy Hersham Ian Pamensky

P: (08) 6245 2490 E: info@mongergold.com.au W: www.mongergold.com.au

Office : 602/566 St Kilda Road Melbourne VIC 3004

==> picture [121 x 16] intentionally omitted <==

==> picture [451 x 307] intentionally omitted <==

Figure 1: Location of the RC drill holes at the Providence Prospect.

The Company received analytical results from a vacuum drilling campaign which was conducted by Torian Resources over the Wombola Prospect (Mt Monger North) prior to the transfer of the tenements to Monger Gold. The vacuum drilling samples were taken at the end of each hole with the drilling depth determined by the refusal of the drill rod to penetrate the ground further. Penetration depths ranged from 2 – 50 metres. The drill holes are tabulated in Table 1:

Significant results from the vacuum drilling were:

• MMWV0101 1m @ 1.37 g/t Au from 38-39m (EOH),

• MMWV0103 1m @ 6.80 g/t Au from 39-40m (EOH),

• MMWV0106 1m @ 2.18 g/t Au from 20-21m

A rock chip sampling program was also conducted over the Providence and Wombola Prospects at Mt Monger North (Figure 2) with significant results tabled below:

Sample_ID	**Gold(Au) g/t **	**Silver(Ag) g/t **	Copper(Cu) %
MMW-02	1.44	<0.50	-
MMW-03	6.26	0.90	-
MMW-06	21.83	1.70	-
MMW-20	12.97	2.74	-
MMW-23	5.15	4.96	0.52
MMW-24	4.38	0.12	0.20
MMW-25	7.32	11.62	0.75
MMW-26	0.34	1.15	-

2

==> picture [121 x 16] intentionally omitted <==

MMW-27	0.19	1.41	-
MMW-42	0.40	1.41	-
MMW-43	0.40	0.49	-

==> picture [331 x 395] intentionally omitted <==

Figure 2: Mt Monger North tenements showing Providence and Wombola Prospects.

This announcement has been approved for release by the Board of MMG.

For further information:

Peretz Schapiro – Non-Executive Chairman

info@mongergold.com.au

3

==> picture [121 x 16] intentionally omitted <==

Table 1: Drill hole locations for the auger vacuum drilling program.

				E	N
Tenement	Hole ID	Dip	Azimuth	GDA94_51	GDA94_51	RL	Depth
P26/4292	MMWV0001	-90	360	385989	6568460	400	40
P26/4142	MMWV0002	-90	360	386021	6568494	400	40
P26/4142	MMWV0003	-90	360	386042	6568513	400	33
P26/4142	MMWV0004	-90	360	386079	6568545	400	46
P26/4142	MMWV0005	-90	360	386108	6568571	400	50
P26/4142	MMWV0006	-90	360	386139	6568598	400	28
P26/4142	MMWV0007	-90	360	386171	6568618	400	34
P26/4142	MMWV0008	-90	360	386203	6568645	400	24
P26/4142	MMWV0009	-90	360	386388	6568588	400	19
P26/4142	MMWV0010	-90	360	386357	6568563	400	2
P26/4142	MMWV0011	-90	360	386321	6568533	400	1
P26/4142	MMWV0012	-90	360	386261	6568491	400	1
P26/4292	MMWV0013	-90	360	385910	6568608	400	10
P26/4292	MMWV0014	-90	360	385941	6568641	400	17
P26/4292	MMWV0015	-90	360	385968	6568660	400	12
P26/4292	MMWV0016	-90	360	385999	6568687	400	23
P26/4142	MMWV0017	-90	360	386157	6568812	400	32
P26/4142	MMWV0018	-90	360	386188	6568838	400	14
P26/4142	MMWV0019	-90	360	386228	6568868	400	14
P26/4142	MMWV0020	-90	360	386253	6568895	400	18
P26/4142	MMWV0021	-90	360	386312	6568940	400	15
P26/4142	MMWV0022	-90	360	386427	6568819	400	31
P26/4142	MMWV0023	-90	360	386389	6568794	400	24
P26/4142	MMWV0024	-90	360	386353	6568774	400	4
P26/4142	MMWV0025	-90	360	386327	6568751	400	40
P26/4142	MMWV0026	-90	360	386298	6568726	400	25
P26/4142	MMWV0027	-90	360	386290	6568507	400	1
P26/4292	MMWV0028	-90	360	385987	6569086	400	27
P26/4292	MMWV0029	-90	360	386020	6569111	400	27
P26/4292	MMWV0030	-90	360	386051	6569134	400	3
P26/4142	MMWV0031	-90	360	385963	6569054	400	3
P26/4142	MMWV0032	-90	360	385930	6569031	400	4
P26/4142	MMWV0033	-90	360	385899	6568999	400	23
P26/4292	MMWV0034	-90	360	386150	6569014	400	33
P26/4292	MMWV0035	-90	360	386120	6568988	400	19
P26/4292	MMWV0036	-90	360	386092	6568966	400	22
P26/4292	MMWV0037	-90	360	386057	6568946	400	19
P26/4292	MMWV0038	-90	360	386024	6568918	400	6
P26/4292	MMWV0039	-90	360	385995	6568887	400	1
P26/4292	MMWV0040	-90	360	385962	6568873	400	20
P26/4292	MMWV0041	-90	360	385934	6568840	400	15
P26/4292	MMWV0042	-90	360	385899	6568809	400	16
P26/4292	MMWV0043	-90	360	385874	6568780	400	2
P26/4115	MMWV0044	-90	360	389249	6571986	400	32
P26/4115	MMWV0045	-90	360	389215	6571961	400	28

4

==> picture [121 x 16] intentionally omitted <==

P26/4115	MMWV0046	-90	360	389184	6571943	400	26
P26/4115	MMWV0047	-90	360	389153	6571912	400	28
P26/4115	MMWV0048	-90	360	389125	6571884	400	1
P26/4115	MMWV0049	-90	360	389202	6571742	400	1
P26/4115	MMWV0050	-90	360	389227	6571767	400	38
P26/4115	MMWV0051	-90	360	389265	6571793	400	38
P26/4115	MMWV0052	-90	360	389290	6571814	400	35
P26/4115	MMWV0053	-90	360	389321	6571838	400	37
P26/4115	MMWV0054	-90	360	389387	6571687	400	48
P26/4115	MMWV0055	-90	360	389359	6571663	400	46
P26/4115	MMWV0056	-90	360	389317	6571637	400	44
P26/4115	MMWV0057	-90	360	389292	6571608	400	38
P26/4115	MMWV0058	-90	360	389260	6571580	400	1.3
P26/4115	MMWV0059	-90	360	389229	6571558	400	37
P26/4101	MMWV0060	-90	360	389308	6571205	400	31
P26/4101	MMWV0061	-90	360	389370	6571259	400	26
P26/4101	MMWV0062	-90	360	389434	6571309	400	35
P26/4101	MMWV0063	-90	360	389490	6571358	400	40
P26/4101	MMWV0064	-90	360	389563	6571412	400	10.1
P26/4101	MMWV0065	-90	360	389624	6571470	400	46
P26/4101	MMWV0066	-90	360	389655	6571437	400	38
P26/4101	MMWV0067	-90	360	389683	6571507	400	42
P26/4101	MMWV0068	-90	360	389747	6571558	400	38
P26/4101	MMWV0069	-90	360	389828	6571516	400	1
P26/4101	MMWV0070	-90	360	389866	6571457	400	32
P26/4101	MMWV0071	-90	360	389736	6571459	400	36
P26/4101	MMWV0072	-90	360	389800	6571402	400	64
P26/4101	MMWV0073	-90	360	389680	6571405	400	39
P26/4101	MMWV0074	-90	360	389630	6571363	400	36
P26/4101	MMWV0076	-90	360	389670	6571290	400	12
P26/4101	MMWV0077	-90	360	389613	6571258	400	36
P26/4101	MMWV0078	-90	360	389560	6571202	400	21
P26/4101	MMWV0079	-90	360	389500	6571153	400	21
P26/4101	MMWV0080	-90	360	389428	6571100	400	44
P26/4101	MMWV0081	-90	360	389389	6571075	400	56
P26/4089	MMWV0082	-90	360	389736	6571245	400	39
P26/4089	MMWV0083	-90	360	389697	6571215	400	35
P26/4089	MMWV0085	-90	360	389772	6571122	400	26
P26/4101	MMWV0086	-90	360	389862	6571344	400	45
P26/4089	MMWV0087	-90	360	389865	6571247	400	19
P26/4089	MMWV0088	-90	360	389808	6571195	400	16
P26/4089	MMWV0089	-90	360	389746	6571145	400	16
P26/4101	MMWV0101	-90	360	389338	6571440	400	40
P26/4101	MMWV0102	-90	360	389314	6571418	400	37
P26/4115	MMWV0103	-90	360	389377	6571478	400	39
P26/4115	MMWV0104	-90	360	389413	6571498	400	20
P26/4115	MMWV0105	-90	360	389439	6571517	400	35
P26/4089	MMWV0106	-90	360	389675	6571088	400	21

5

==> picture [121 x 16] intentionally omitted <==

P26/4089	MMWV0107	-90	360	389631	6571037	400	22
P26/4101	MMWV0108	-90	360	389557	6570991	400	7
P26/4101	MMWV0109	-90	360	389527	6570968	400	21
P26/4101	MMWV0110	-90	360	389919	6571202	400	23
P26/4101	MMWV0111	-90	360	389863	6571152	400	22
P26/4101	MMWV0112	-90	360	389813	6571086	400	31
P26/4101	MMWV0113	-90	360	389756	6571038	400	13
P26/4101	MMWV0114	-90	360	389695	6570978	400	2
P26/4101	MMWV0115	-90	360	389740	6570922	400	30
P26/4101	MMWV0116	-90	360	389806	6570980	400	24
P26/4101	MMWV0117	-90	360	389920	6571077	400	6
P26/4101	MMWV0118	-90	360	389858	6571027	400	7
P26/4101	MMWV0119	-90	360	389985	6571109	400	7
P26/4103	MMWV0120	-90	360	392211	6571314	400	31
P26/4103	MMWV0121	-90	360	392173	6571287	400	50
P26/4103	MMWV0122	-90	360	392149	6571260	400	46
P26/4103	MMWV0123	-90	360	392116	6571240	400	17
P26/4103	MMWV0124	-90	360	392087	6571221	400	45
P26/4103	MMWV0125	-90	360	392057	6571187	400	4
P26/4103	MMWV0126	-90	360	392020	6571150	400	33
P26/4103	MMWV0127	-90	360	391991	6571131	400	25
P26/4103	MMWV0128	-90	360	391962	6571111	400	29
P26/4103	MMWV0129	-90	360	391885	6571263	400	50
P26/4276	MMWV0201	-90	360	391169	657007	400	45
P26/4276	MMWV0202	-90	360	391201	6575030	400	24
P26/4276	MMWV0203	-90	360	391228	6575055	400	29
P26/4276	MMWV0204	-90	360	391259	6575079	400	39
P26/4276	MMWV0205	-90	360	391294	6575109	400	45
P26/4276	MMWV0206	-90	360	391324	6575134	400	45
P26/4276	MMWV0207	-90	360	391351	6575155	400	13
P26/4276	MMWV0208	-90	360	391494	6575068	400	22
P26/4276	MMWV0209	-90	360	391466	6575039	400	33
P26/4276	MMWV0210	-90	360	391401	6574995	400	26
P26/4276	MMWV0211	-90	360	391370	6574965	400	48
P26/4276	MMWV0212	-90	360	391338	6574936	400	43

6

ASX RELEASE

3 November 2021

==> picture [208 x 28] intentionally omitted <==

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

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

Criteria	JORC Code explanation	Commentary	Commentary
	• Nature and quality of sampling (e.g.,
	cut channels, random chips, or
	specific specialised industry standard
	measurement tools appropriate to the
	minerals under investigation, such as	•	The auger vacuum drilling was
	down hole gamma sondes, or		sampled at one (1) metre intervals to
	handheld XRF instruments, etc).		the end of hole.
	These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and	• •	A sample was collected at the end of each drill hole (EOH) An approximately 2-kilogram sample was collected from each one (1) metre interval down the hole.
Sampling techniques	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 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	• • • •	The samples were placed into plastic bags and labelled prior to despatch to the laboratory. The samples were dried, crushed and split (where there was excess sample) and submitted to the laboratory for analysis. The samples were assayed via 2 cycle photon assay (considered to be a superior method to fire assay for gold detection). The rock chip samples were taken were outcrop was observed and the locations recorded via GPS.
	inherent sampling problems. Unusual
	commodities or mineralisation types
	(e.g., submarine nodules) may
	warrant disclosure of detailed
	information.
	• Drill type (e.g., core, reverse
Drilling techniques	circulation,open-holehammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g., core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type,	•	Auger (vacuum) drilling. All holes were drilled vertically and drilled to refusal (considered to be bedrock / basement material).
	whether core is oriented and if so, by
	_what method, etc). _
	• Method of recording and assessing
Drill sample recovery	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	•	Drill sample recovery was not measured but sample size was observed (visually) throughout the drilling to ensure sufficient sample size was acquired.
	sample recovery and grade and

==> picture [84 x 39] intentionally omitted <==

Directors: Exploration Manager: Peretz Schapiro Michael O'Mara Andrew Graham Company Secretary: Romy Hersham Ian Pamensky

Office : P: (08) 6245 2490 602/566 St Kilda Road E: info@mongergold.com.au Melbourne VIC 3004 W: www.mongergold.com.au

==> picture [121 x 16] intentionally omitted <==

Criteria	JORC Code explanation	Commentary
	whether sample bias may have
	occurred due to preferential loss/gain
	of fine/coarse material.
	• Whether core and chip samples have
Logging	been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or	•The drill chips from the auger vacuum drilling were logged qualitatively using the Company’s logging code. •The drill chip sample piles were photographed at the completion of each hole.
	quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the	•The rock chip samples were logged using the Company’s logging code.
	_relevant intersections logged. _
	• If core, whether cut or sawn and
	whether quarter, half or all cores taken.	•Auger vacuum drilling is considered to
Sub- sampling techniques and sample preparation	• 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	produce clean, uncontaminated samples. •Approximately 2 kg of sample was taken from each 1-metre interval and the samples were bagged and labelled for dispatch to the laboratory. •Full QA/QC and chain of custody procedures were undertaken by MinAnalytical, and all results were recorded and dispatched to Monger
	sampling is representative of the in- situ material collected, including for instance results for field	Gold via the same QA/QC and chain of custody procedures. •Sample sizes were considered to be
	duplicate/second-half sampling. • Whether sample sizes are appropriate	appropriate for the analytical process being used (2 cycle photon assay)
	to the grain size of the material being
	_sampled. _
	• The nature, quality and
Quality of assay data and laboratory tests	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 (e.g., standards, blanks, duplicates, external laboratory checks) and whether acceptable	•The drill chip samples were submitted to MinAnalytical Laboratory Services Australia Pty Ltd (“MinAnalytical”)for determination of gold (au) via 2 cycle photon assay technique which is considered to be a superior analytical technique to fire assay for gold. •All QA/QC and chain of custody information was provided by MinAnalytical. •All sample runs were accompanied by Standard Samples, Blanks and Duplicates to ensure the analytical process was both precise and accurate.
	levels of accuracy (i.e., lack of bias)
	_and precision have been established. _
Verification of sampling and	• The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes.	•No verification of the sampling occurred. •The assaying was verified by the use of Standards, Blanks and Duplicates
assaying	• Documentation of primary data, data	throughout the analytical procedure.

2

==> picture [121 x 16] intentionally omitted <==

Criteria	JORC Code explanation	Commentary
	entry procedures, data verification,
	data storage (physical and electronic)
	protocols.
	• Discuss any adjustment to assay
	_data. _
		•All coordinate information for both the
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.	rock chip and auger vacuum drilling (collar locations) was obtained via GPS. The grid system used is GDA94. •Topographic control was only
	• Specification of the grid system used. • Quality and adequacy of topographic control.	provided via GPS readings but given the flat nature of the environment this was considered satisfactory for the
		program of work.
	• Data spacing for reporting of
	Exploration Results.
Data spacing and distribution	• 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	•The data spacing was not suitable for any resource estimation as this program was essentially aimed at gathering additional information over the nominated tenements.
	classifications applied.
	• Whether sample compositing has
	_been applied. _
	• Whether the orientation of sampling
	achieves unbiased sampling of
Orientation of data in relation to geological structure	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	•No orientation undertaken. The auger drilling was all vertical holes.
	to have introduced a sampling bias,
	this should be assessed and reported
	if material.
		•QA/QC and chain of custody
Sample	• The measures taken to ensure	procedures were established with
security	sample security.	MinAnalytical as part of their service agreement.
Audits or reviews	• The results of any audits or reviews of sampling techniques and data.	•Not applicable.

Section 2 Reporting of Exploration Results

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

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number,	•Specific tenements are not outlined
tenement and	location and ownership including	in this announcement which
land tenure	agreements or material issues with	references the Providence Prospect.
status	third parties such as joint ventures,	The tenements that make up the
	partnerships, overriding royalties,	Providence Prospect can be found in
	native title interests, historical sites,	on the DMIRS public spatial
	wilderness or national parkand	datasets or inthe Company’s

3

==> picture [121 x 16] intentionally omitted <==

Criteria	JORC Code explanation	Commentary	Commentary
	environmental settings.		Independent Geologist Report or
	• The security of the tenure held at the		Prospectus document.
	time of reporting along with any
	known impediments to obtaining a
	_licence to operate inthe area. _
Exploration	• Acknowledgment and appraisal of	•	The auger drilling was conducted by
done by other	exploration by other parties.		Torian Resources, but the sampling
parties			and analysis work was
			commissioned out by Monger Gold.
		•	All relevant WAMEX open files.
Geology	• Deposit type, geological setting and	•	Monger Gold Limited are located
	style of mineralisation.		within the Eastern goldfield’s
			greenstone belts. Mesothermal
			shear zone hosted gold deposits are
			the exploration and development
			targets.
Drill hole	• A summary of all information	•	Drill hole collars were located using
Information	material to the understanding of the		hand held GPS.
	exploration results including a	•	The Easting, Northing, RL, Dip and
	tabulation of the following		Azimuth details are fully outlined in
	information for all Material drill holes:		Table 1 in the ASX release.
	o easting and northing of the drill
	hole collar
	o elevation or RL (Reduced Level –
	elevation above sea level in
	metres) of the drill hole collar
	o dip and azimuth of the hole
	o down hole length and
	interception depth
	o hole length.
	• If the exclusion of this information is
	justified on the basis that the
	information is not Material and this
	exclusion does not detract from the
	understanding of the report, the
	Competent Person should clearly
	_explain why this is the case. _
Data	• In reporting Exploration Results,	•	Not relevant.
aggregation	weighting averaging techniques,
methods	maximum and/or minimum grade
	truncations (e.g., 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	•	No sample aggregation is used in reporting these results only individual sample results over the given assay length of 1 metre.
	stated and some typical examples of
	such aggregations should be shown
	in detail.
	• The assumptions used for any	•	Not relevant
	reporting of metal equivalent values
	_should be clearly stated. _

4

==> picture [121 x 16] intentionally omitted <==

Criteria	JORC Code explanation	Commentary
Relationship	• These relationships are particularly	•All intercepts quoted in this report
between	important in the reporting of	are quoted as vertical metres down
mineralisation	Exploration Results.	hole. The true width of any cross-
widths and	• If the geometry of the mineralisation	cutting veins / features is not known.
intercept	with respect to the drill hole angle is
lengths	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 (e.g., ‘down hole length, true
	_width not known’). _
Diagrams	• Appropriate maps and sections (with	•Appropriate maps are included in
	scales) and tabulations of intercepts	this ASX announcement.
	should be included for any
	significant discovery being reported
	These should include, but not be
	limited to a plan view of drill hole
	collar locations and appropriate
	_sectional views. _
Balanced	• Where comprehensive reporting of	•Only intercepts that are significant
reporting	all Exploration Results is not	and relevant to gold, silver and
	practicable, representative reporting	copper are included in this
	of both low and high grades and/or	announcement.
	widths should be practiced avoiding
	misleading reporting of Exploration
	_Results. _
Other	• Other exploration data, if meaningful	•Not relevant for this announcement.
substantive	and material, should be reported
exploration	including (but not limited to):
data	geological observations; geophysical
	survey results; geochemical survey
	results; bulk samples – size and
	method of treatment; metallurgical
	test results; bulk density,
	groundwater, geotechnical and rock
	characteristics; potential deleterious
	_or contaminating substances. _
Further work	• The nature and scale of planned	•Further work will be considered
	further work (e.g., tests for lateral	based on the outcome of the reverse
	extensions or depth extensions or	circulation (RC) drilling program that
	large-scale step-out drilling).	is currently being assessed.
	• Diagrams clearly highlighting the
	areas of possible extensions,
	including the main geological
	interpretations and future drilling
	areas, provided this information is
	_not commercially sensitive. _

5