M3 MINING LIMITED — Capital/Financing Update 2022

Dec 20, 2022

ASX Announcement

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PRIMARY GOLD INTERCEPTED IN MAIDEN EDJUDINA AIRCORE PROGRAM

HIGHLIGHTS

• Significant gold mineralisation intercepted at the Jump Up 1 Prospect from the Company’s first aircore (AC) drilling program undertaken at the Edjudina Gold Project (Edjudina or Project)

• The program successfully returned multiple significant gold intercepts:

• 12m at 0.84 g/t Au from 68m (Incl. 4m at 1.92 g/t Au from 72m) (EDJAC085)

• 3m at 1.50 g/t Au from 76m (EDJAC071)

• 20m at 0.24 g/t Au from 16m (EDJAC075)

• 12m at 0.20 g/t Au from 72m (EDJAC070)

• The Jump Up 1 Prospect remains open at depth and along strike

• Reverse circulation (RC) drilling is planned for Q1 CY2023 to test extensions of mineralisation at depth

• Further AC drilling is planned to test the 2.5km long gold-in-soil anomaly along strike of Jump Up 1, in addition to testing additional prospects Jump Up 2 – 4

• Following the successful entitlement offer completed in November, M3M is well funded to commence follow-up drilling in 2023

M3 Mining Limited (ASX: M3M) ( M3 Mining or the Company ) is pleased to provide an update on the recently completed maiden AC drilling program at the Edjudina Gold Project ( Edjudina or the Project ), located in the Eastern Goldfields, approximately 150km northeast of Kalgoorlie, WA.

EXECUTIVE DIRECTOR SIMON ELEY:

“Our maiden drilling program completed in September at Edjudina was successful in uncovering primary gold mineralisation that warrants follow up RC drill testing. The intersections from the Jump Up 1 prospect indicate a mineralised system that is open along strike and at depth. The Company is actively planning a follow up RC program which will provide us with a greater understanding on the style of mineralisation at Jump Up.”

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Registered Address M3 Mining Limited ACN 644 548 434 ABN 98 644 548 434 Level 1, 3 Ord Street, West Perth, WA 6005 www.m3mining.com.au

Directors

Projects

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Edjudina Gold Project Drilling Summary

A total of 7,826m of AC drilling was completed by Raglan Drilling in September 2022. A total of 119 holes were drilled across six of the nine prospects at the Project. The program was successful in uncovering and confirming primary gold mineralisation that warrants further work.

The prospects drilled have a much deeper weathering profile than previously thought. The average hole depth was 66m, eleven holes exceeded 100m depth with the deepest hole drilled being 145m. The deeper weathering profile is encouraging for a geological system that has undergone strong alteration and deformation; an indicator for a potentially large mineralised system.

All holes were inclined and drilled until drill-bit refusal. Hole spacing varied from 25m – 80m and line spacing varied from 60m – 200m. Sampling for gold was undertaken in four metre composites downhole, except at the bottom of each hole where variable composites were taken to achieve a one metre sample for the last metre drilled. The bottom of hole sample was assayed for gold in addition to 60-element analysis in order to provide the company with a detailed geochemical dataset of the drilled prospects.

The best results from this initial drilling program were recorded at the Jump Up 1 prospect, where drilling was designed to follow-up a historical intercept of 2m at 5.69 g/t Au from 37m in drill hole JURB093 (see Figure 1). Results confirmed the historical intercept and outlined the presence of a 1.2km long northwest striking gold system that is open both along strike and depth.

The Jump Up 1 prospect contains a sequence of NW-SE striking volcanic and intrusive mafic units to the east with a narrow metasedimentary unit to the west intercepted on the two northernmost lines. Mineralisation occurs within a sheared mafic volcanic unit, interpreted to be a basalt. The higher-grade zones are associated with chlorite-carbonate-sericite alteration and minor disseminated sulphides. There is also a lesser zone of mineralisation associated with the contact between the basalt and the metasedimentary unit. This style of mineralisation was encountered in all four drill lines at Jump Up 1 which increases the confidence of success in further drill programs.

In addition to current and historical high-grade intercepts at Jump Up 1, there has also been extensive soil sampling completed in the past by other parties around Jump Up 1 that indicate an additional 2.5km gold-in-soils anomaly continues to the southeast along strike from where the recent drilling was completed.

Three further prospects (Jump Up 2 – 4) were initially planned to be drilled, however, due to limited availability of the AC drilling rig these were not drilled in the September program. These prospects are associated with historical soil anomalies and will be drilled in the next phase of AC drilling at Edjudina.

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Figure 1 – Plan view of aircore drilling at the Jump Up 1 Prospect at Edjudina Gold Project

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Edjudina Gold Project Drilling Summary (continued)

The Rainbow and Rainbow North prospects are located 7km and 12km respectively to the northeast from the Jump Up prospects (see Figure 2). These targets were identified by previous geochemical soil sampling and ground magnetic surveys (See ASX releases; High Priority Gold Targets Identified at Edjudina and Robust Drill Targets Identified at Edjudina Gold Project released on 1/12/21 and 5/7/22 respectively).

The drilling at Rainbow North ?LH2 & 3, and Rainbow 2 was completed over the centers of previously announced gold-in-soils anomalies and along strike to the northwest of Legacy Iron Ore’s Golden Rainbow deposit. The lines drilled intercepted a mixed group of sediments and volcaniclastic material, mainly metamorphosed siltstones and sandstones with varying degrees of interbedded tuff. At these three prospects, notable intercepts include; 4m at 0.32 g/t Au from 36m (EDJAC001) and 16m at 0.13 g/t Au from 60m (EDJAC043). The Company is currently reviewing the multi-element data from bottom of hole and may decide to follow up these intercepts with RC drilling to test continuation of mineralisation.

The remaining prospects drilled – Rainbow North 1 and Rainbow 1 – were to the east of the other Rainbow prospects and intercepted varying compositions of a fine-grained felsic mica schist. These prospects were also targeting gold-in-soil anomalism, however, in a geological zone that has never previously been drill tested. Only minor gold mineralisation (Au < 0.1 g/t) was encountered over these two prospects with a significant intercept of 4m at 0.05 g/t Au from 8m (EDJAC050).

Next Steps

The Company is planning follow-up RC and AC drilling – the Jump Up 1 prospect being the number one priority. RC drilling will be able to determine the continuation of mineralisation at depth which AC drilling was not able to discern due to drill depth limitations. It will also provide the Company with a greater detail of structural knowledge on the trend of mineralisation.

AC drilling will test the remaining prospects at Jump Up that were not drilled in the previous program due to rig availability. These prospects are a high priority for the Company as they are each centred over untested historical gold-in-soils anomalies and could represent zones of new mineralisation. AC drilling will also test extensions to mineralisation at Jump Up 1 to the southeast along a historically sampled 2.5km gold-in-soil anomaly.

The follow-up drill programs are planned for the new year and is subject to DMIRS approval. M3 Mining will update shareholders as the project advances.

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Figure 2 – Plan view of aircore drilling at the Rainbow and Rainbow North Prospects at Edjudina Gold Project

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Figure 3 – Overview of the Edjudina Gold Project

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-END-

This announcement has been authorised for issue by the Board of M3 Mining Limited in accordance with ASX Listing Rule 15.5.

For further information please contact:

Simon Eley Media Executive Director David Tasker M3 Mining Ltd Chapter One Advisors T +61 8 6365 5200 T +61 433 112 936 E info@m3mining.com.au E dtasker@chapteroneadvisors.com.au

About M3 Mining

M3 Mining Limited (ASX:M3M) is a Perth-based mineral exploration company focused on creating value for shareholders through exploration and development of a high-quality copper and gold exploration portfolio. M3 Mining’s projects are strategically located in regions surrounded by majors and has experienced minimal modern, systematic exploration across both projects. The Company’s strategy is to apply a systematic approach to the assessment and prioritisation of its projects, all of which have the potential to produce material discoveries.

The information in this announcement that relates to exploration results is based on and fairly represents information compiled by Jeremy Clark, a competent person who is a member of the AusIMM. Jeremy Clark is the sole director of Lily Valley International Pty. Ltd. Jeremy Clark has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves. Jeremy Clark consents to the inclusion in this announcement of the matters based on his work in the form and context in which it appears.

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Appendix 1 – Drilling Hole Information and Significant Drill Intercepts

Significant Intercepts (Au > 0.1 g/t)

Hole ID	Sample ID	From	To	Au (g/t)
EDJAC001	EDJAC0010	36	40	0.32
EDJAC012	EDJAC0197	16	20	0.11
EDJAC012	EDJAC0198	20	24	0.11
EDJAC018	EDJAC0317	16	20	0.11
EDJAC020	EDJAC0392	44	48	0.11
EDJAC022	EDJAC0440	48	52	0.11
EDJAC033	EDJAC0634	40	44	0.11
EDJAC034	EDJAC0653	48	52	0.14
EDJAC043	EDJAC0869	60	64	0.13
EDJAC043	EDJAC0872	72	76	0.35
EDJAC070	EDJAC1416	24	28	0.35
EDJAC070	EDJAC1421	44	48	0.17
EDJAC070	EDJAC1428	72	76	0.16
EDJAC070	EDJAC1429	76	80	0.18
EDJAC070	EDJAC1432	80	84	0.28
EDJAC071	EDJAC1449	24	28	0.13
EDJAC071	EDJAC1464	76	79	1.50
EDJAC073	EDJAC1519	80	84	0.10
EDJAC075	EDJAC1564	16	20	0.12
EDJAC075	EDJAC1565	20	24	0.45
EDJAC075	EDJAC1566	24	28	0.22
EDJAC075	EDJAC1567	28	32	0.26
EDJAC075	EDJAC1568	32	36	0.15
EDJAC085	EDJAC1689	24	28	0.10
EDJAC085	EDJAC1702	68	72	0.28
EDJAC085	EDJAC1703	72	76	1.92
EDJAC085	EDJAC1704	76	80	0.31
EDJAC086	EDJAC1733	85	86	0.14
EDJAC089	EDJAC1807	48	52	0.21
EDJAC098	EDJAC1948	16	20	0.20
EDJAC099	EDJAC1969	40	44	0.11
EDJAC107	EDJAC2024	8	12	0.10

Hole Location

Hole ID Prospect	Easting Northing Elevation	Depth Azimuth Dip
EDJAC001 Rainbow 2 EDJAC002 Rainbow 2 EDJAC003 Rainbow 2 EDJAC004 Rainbow 2 EDJAC005 Rainbow 2 EDJAC006 Rainbow 2 EDJAC007 Rainbow 2 EDJAC008 Rainbow 2 EDJAC009 Rainbow 2 EDJAC010 Rainbow 2 EDJAC011 Rainbow 2 EDJAC012 Rainbow 2 EDJAC013 Rainbow 2 EDJAC014 Rainbow 2 EDJAC015 Rainbow 2 EDJAC016 Rainbow 2	417,753 6,717,375 380 417,792 6,717,381 380 417,829 6,717,394 380 417,869 6,717,404 377 417,906 6,717,417 377 417,870 6,717,467 378 417,836 6,717,457 378 417,794 6,717,445 378 417,755 6,717,435 379 417,829 6,717,516 378 417,792 6,717,506 378 417,754 6,717,495 379 417,793 6,717,572 379 417,755 6,717,564 379 417,791 6,717,631 378 417,752 6,717,624 378	43 75 -60 65 75 -60 60 75 -60 58 75 -60 80 75 -60 66 75 -60 63 75 -60 62 75 -60 55 75 -60 58 75 -60 57 75 -60 62 75 -60 68 75 -60 57 75 -60 72 75 -60 77 75 -60

	EDJAC017	Rainbow	North	3	416,825	6,720,093	370	96	70	-60
	EDJAC018	Rainbow	North	3	416,739	6,720,062	370	102	70	-60
	EDJAC019	Rainbow	North	3	416,666	6,720,040	370	136	70	-60
	EDJAC020	Rainbow	North	3	416,588	6,720,011	369	90	70	-60
	EDJAC021	Rainbow	North	3	416,553	6,720,000	369	81	70	-60
	EDJAC022	Rainbow	North	3	416,515	6,719,983	369	72	70	-60
	EDJAC023	Rainbow	North	3	416,477	6,719,971	370	69	70	-60
	EDJAC024	Rainbow	North	2	416,118	6,721,537	361	67	70	-60
	EDJAC025	Rainbow	North	2	416,149	6,721,548	363	60	70	-60
	EDJAC026	Rainbow	North	2	416,205	6,721,572	363	70	70	-60
	EDJAC027	Rainbow	North	2	416,238	6,721,584	361	63	70	-60
	EDJAC028	Rainbow	North	2	416,279	6,721,596	361	49	70	-60
	EDJAC029	Rainbow	North	2	416,318	6,721,609	360	49	70	-60
	EDJAC030	Rainbow	North	2	416,358	6,721,622	360	59	70	-60
	EDJAC031	Rainbow	North	2	416,395	6,721,637	361	58	70	-60
	EDJAC032	Rainbow	North	2	416,439	6,721,656	361	72	70	-60
	EDJAC033	Rainbow	North	2	416,043	6,721,721	362	63	70	-60
	EDJAC034	Rainbow	North	2	416,084	6,721,739	361	93	70	-60
	EDJAC035	Rainbow	North	2	416,130	6,721,757	361	99	70	-60
	EDJAC036	Rainbow	North	2	416,182	6,721,772	362	88	70	-60
	EDJAC037	Rainbow	North	2	416,229	6,721,789	360	84	70	-60
	EDJAC038	Rainbow	North	2	416,259	6,721,801	360	88	70	-60
	EDJAC039	Rainbow	North	2	416,295	6,721,817	360	81	70	-60
	EDJAC040	Rainbow	North	2	416,337	6,721,833	359	83	70	-60
	EDJAC041	Rainbow	North	2	416,375	6,721,845	359	77	70	-60
	EDJAC042	Rainbow	North	2	415,977	6,721,909	361	69	70	-60
	EDJAC043	Rainbow	North	2	416,017	6,721,925	359	81	70	-60
	EDJAC044	Rainbow	North	2	416,051	6,721,938	359	127	70	-60
	EDJAC045	Rainbow	North	2	416,111	6,721,960	357	99	70	-60
	EDJAC046	Rainbow	North	2	416,158	6,721,974	357	93	70	-60
	EDJAC047	Rainbow	North	2	416,201	6,721,991	357	88	70	-60
	EDJAC048	Rainbow	North	2	416,256	6,722,012	357	84	70	-60
	EDJAC049	Rainbow	North	2	416,296	6,722,028	357	70	70	-60
	EDJAC050	Rainbow	North	1	417,127	6,723,590	358	103	65	-60
	EDJAC051	Rainbow	North	1	417,174	6,723,612	358	92	65	-60
	EDJAC052	Rainbow	North	1	417,219	6,723,633	355	81	65	-60
	EDJAC053	Rainbow	North	1	417,265	6,723,654	358	83	65	-60
	EDJAC054	Rainbow	North	1	417,310	6,723,666	358	68	65	-60
	EDJAC055	Rainbow	North	1	417,355	6,723,697	358	81	65	-60
	EDJAC056	Rainbow	North	1	417,413	6,723,724	358	62	65	-60
	EDJAC057	Rainbow	North	1	417,443	6,723,737	360	66	65	-60
	EDJAC058	Rainbow	North	1	417,488	6,723,758	360	74	65	-60
	EDJAC059	Rainbow	North	1	417,516	6,723,776	360	69	65	-60
	EDJAC060	Rainbow	North	1	417,558	6,723,792	360	51	65	-60
	EDJAC061	Rainbow	1		419,043	6,717,723	379	42	75	-60
	EDJAC062	Rainbow	1		419,102	6,717,739	380	90	75	-60
	EDJAC063	Rainbow	1		419,159	6,717,754	381	52	75	-60
	EDJAC064	Rainbow	1		419,211	6,717,767	381	63	75	-60
	EDJAC065	Rainbow	1		419,270	6,717,785	383	70	75	-60
	EDJAC066	Rainbow	1		419,331	6,717,804	382	24	75	-60
	EDJAC067	Rainbow	1		418,878	6,717,886	377	72	75	-60
	EDJAC112	Rainbow	1		418,938	6,717,903	380	72	75	-60
	EDJAC113	Rainbow	1		418,997	6,717,919	379	90	75	-60
	EDJAC114	Rainbow	1		419,053	6,717,933	379	54	75	-60
	EDJAC115	Rainbow	1		419,108	6,717,950	380	48	75	-60
	EDJAC116	Rainbow	1		418,736	6,718,025	374	72	75	-60
	EDJAC117	Rainbow	1		418,781	6,718,043	375	54	75	-60
	EDJAC118	Rainbow	1		418,850	6,718,059	377	54	75	-60
	EDJAC119	Rainbow	1		418,909	6,718,074	377	53	75	-60
											9

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EDJAC068 Jump Up 1 EDJAC069 Jump Up 1 EDJAC070 Jump Up 1 EDJAC071 Jump Up 1 EDJAC072 Jump Up 1 EDJAC073 Jump Up 1 EDJAC074 Jump Up 1 EDJAC075 Jump Up 1 EDJAC076 Jump Up 1 EDJAC077 Jump Up 1 EDJAC078 Jump Up 1 EDJAC079 Jump Up 1 EDJAC080 Jump Up 1 EDJAC081 Jump Up 1 EDJAC082 Jump Up 1 EDJAC083 Jump Up 1 EDJAC084 Jump Up 1 EDJAC085 Jump Up 1 EDJAC086 Jump Up 1 EDJAC087 Jump Up 1 EDJAC088 Jump Up 1 EDJAC089 Jump Up 1 EDJAC090 Jump Up 1 EDJAC091 Jump Up 1 EDJAC092 Jump Up 1 EDJAC093 Jump Up 1 EDJAC094 Jump Up 1 EDJAC095 Jump Up 1 EDJAC096 Jump Up 1 EDJAC097 Jump Up 1 EDJAC098 Jump Up 1 EDJAC099 Jump Up 1 EDJAC100 Jump Up 1 EDJAC101 Jump Up 1 EDJAC102 Jump Up 1 EDJAC103 Jump Up 1 EDJAC104 Jump Up 1 EDJAC105 Jump Up 1 EDJAC106 Jump Up 1 EDJAC107 Jump Up 1 EDJAC108 Jump Up 1 EDJAC109 Jump Up 1 EDJAC110 Jump Up 1 EDJAC111 Jump Up1	410,689 6,714,090 379 410,674 6,714,070 379 410,653 6,714,053 379 410,631 6,714,036 380 410,615 6,714,024 380 410,596 6,714,011 380 410,570 6,713,991 380 410,555 6,713,973 379 410,538 6,713,959 379 410,883 6,714,042 379 410,869 6,714,024 379 410,846 6,714,002 379 410,824 6,713,987 379 410,806 6,713,978 379 410,786 6,713,960 381 410,769 6,713,943 381 410,748 6,713,927 381 410,728 6,713,910 381 410,710 6,713,899 381 410,688 6,713,880 381 410,677 6,713,861 380 410,653 6,713,849 380 410,632 6,713,830 378 410,611 6,713,814 378 410,953 6,713,894 379 410,935 6,713,874 379 410,914 6,713,854 378 410,891 6,713,844 378 410,876 6,713,822 379 410,856 6,713,807 379 410,841 6,713,790 379 410,821 6,713,777 379 410,807 6,713,764 381 411,009 6,713,726 376 410,989 6,713,710 376 410,972 6,713,697 376 410,949 6,713,678 380 410,935 6,713,664 380 410,919 6,713,651 380 410,896 6,713,632 380 410,877 6,713,619 380 410,857 6,713,598 380 410,840 6,713,584 380 410,817 6,713,568 380	46 230 -60 39 230 -60 118 230 -60 80 230 -60 120 230 -60 114 230 -60 104 230 -60 61 230 -60 58 230 -60 33 230 -60 48 230 -60 40 230 -60 40 230 -60 14 230 -60 53 230 -60 35 230 -60 44 230 -60 93 230 -60 86 230 -60 76 230 -60 145 230 -60 119 230 -60 105 230 -60 53 230 -60 44 230 -60 48 230 -60 47 230 -60 23 230 -60 10 230 -60 76 230 -60 47 230 -60 65 230 -60 45 230 -60 25 230 -60 17 230 -60 31 230 -60 9 230 -60 10 230 -60 10 230 -60 64 230 -60 39 230 -60 28 230 -60 29 230 -60 32 230 -60

Appendix 2 – JORC Table

JORC Code, 2012 Edition – Table 1 report - Drilling

Section 1 Sampling Techniques and Data

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

Criteria	Commentary
Sampling techniques	• Samples within the Projects were collected using Aircore (AC). Holes were angled at 60°. Given the status of the Projects this is considered reasonable. • AC composite samples were collected every 4m downhole, except nearing the bottom of hole where composites varied to allow a 1m sample for the last meter drilled. Samples were collected using industry standard methods. • All samples were crushed and split at the independent international accredited laboratory, with up to 3kg pulverised, with 50g samples analysed by Industry-standard methods • The sampling techniques used are deemed appropriate for the style of mineralisation and exploration undertaken. • M3 understands all Sample preparation was completed by independent international accredited laboratories.

Criteria	Commentary
Drilling techniques	• AC Drilling was undertaken by Raglan Drilling. Industry Drilling methods and equipment were utilised to maximise sample integrity and recovery.
Drill sample recovery	• Sample recovery and condition data are noted in geological comments as part of the logging process for AC drilling. • No quantitative twinned drilling analysis has been undertaken. No relationship was able to be determined due to limited data.
Logging	• All holes were field logged by the companies geologist using established company procedures during the exploration period. Lithological, alteration and mineralogical nomenclature of the deposit, as well as sulphide content, were recorded. • Logging is suitable for the assessment of exploration potential. • All drill holes were logged in full. • Logging was qualitative and quantitative in nature.
Sub-sampling techniques and sample preparation	• Composite samples were taken via scoop-method from surface drill spoil piles by contract field staff for AC holes. Samples were prepared and analysed at Jinning for all M3 exploration which encompasses the majority of exploration results presented in this Report. Samples were pulverized so that each sample had a nominal 85% passing 75 microns. • All composite samples and bottom of hole samples were analysed for gold via lead fire assay. • A 4-acid digest (HNO3-HBr-HF-HCl) was used for 60 multi-elements for bottom of hole geochemistry. • Based on the information provided sample sizes are considered appropriate to correctly represent interpreted mineralisation given the status of the projects and allow an assessment of exploration potential, the thickness and consistency of the intersections, the sampling methodology and assay value ranges for Au. • Industry Standard QAQC was utilised included standard and blanks.
Quality of assay data and laboratory tests	• All samples were assayed by industry-standard techniques. • Typical analysis methods are detailed in the previous section and are considered ‘near total’ values. • Routine ‘standard’ (mineralised pulp) Certified Reference Material (CRM) was inserted by M3 at a nominal rate of 1 in 30 samples. Routine ‘blank’ material (unmineralised sand) was inserted at a nominal rate of 1 in 30 samples. No significant issues were noted. • The analytical laboratories provided their own routine quality controls within their own practices as per international ISO standards. No significant issues were noted.
Verification of sampling and assaying	• While no independent sampling was undertaken by M3 of the original drill samples, various CP’s have reported the exploration results to JORC Code 2012. Based on the digital data review M3 finds no reason to question the veracity of the exploration results provided and reported in this Report. • No twin holes have been completed due to the early stage of exploration.
Location of data points	• Drill collars were set out using a handheld GPS and the final collar were collected using a handheld GPS. Sample locations were collected using a handheld GPS and are considered acceptable for the nature of this programme. • Holes without downhole survey use planned or compass bearing/dip measurements for survey control. • GPS coordinates for each collar was undertaken using the standard inbuilt GPS systems grid system – WGS84 UTM Zone 51.
Data spacing and distribution	• The spacing and location of the majority of the drilling in the projects is, by the nature of early exploration, variable. • The spacing and location of data is currently only being considered for exploration purposes. • Due to the early stage of exploration, the drill spacing is not considered to be suitable to estimate and report Mineral Resources.
Orientation of data in relation to geological structure	• Limited drilling has been completed to confirm the optimal drilling orientation. Exploration Results are reported, and no estimate is completed as further works are required.
Sample security	• M3 staff and contractors ensured a strict chain of custody procedures that are adhered to for drill samples. • All sample bags were pre-printed and pre-numbered. Sample bags were placed in bulka bags and closed with a zip tie

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Criteria	Commentary
	such that no sample material could spill out and no one could tamper with the sample once it left the company’s custody.
Audits or reviews	• M3’s review is independent of the Company and all previous owners.

Section 2 Reporting of Exploration Results

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

Criteria	Commentary
Mineral tenement and land tenure status	• The Edjudina Project consists of 7 granted tenements, 5 exploration licenses and 2 prospecting licenses. • No joint venture or royalties are understood to impact the tenements. • No known impediments are understood to occur to allow further exploration.
Exploration done by other parties	• Several generations of drilling and exploration has been completed within the Edjudina Project, including geochemical surveys, air core drilling and RC drilling occurring within the tenement packages. • Exploration is considered to be at an early stage across all tenements.
Geology	• The data supplied indicates mineralisation within the tenements is potentially in line with the commonly observed Eastern Goldfields shear hosted, structurally control mineralisation style. • Given the tenements are either along strike, or along interpreted similar splays, of the highly structurally controlled Yilgangi Goldfield, mineralisation within the tenements is likely to be highly structurally controlled requiring phased exploration methods which are targeted with the results analysed in detail between each phase.
Drill hole Information	• Provided in Appendix 1
Data aggregation methods	• No high-grade cuts were applied, • Appendix 1 details all results above 0.10 g/t Au. The report includes only samples above this grade with no internal waste included. • No metal equivalence was utilised.
Relationship between mineralisation widths and intercept widths	• The geometry of the mineralisation is not confirmed, however, all results reported are considered. • All results were reported as down holes, as noted in the relevant sections.
Diagrams	• Suitable figures have been included in the body of the announcement.
Balanced reporting	• Key results and conclusions have been included in the body of the announcement.
Other substantive exploration data	• Historical rock sampling and drilling data mentioned in the release can be found in previous releases and detailed in the Independent Geologist Report in the prospectus.
Further work	• Follow up geophysical, drilling and soil sampling is planned during 2023.