MARQUEE RESOURCES LIMITED — Capital/Financing Update 2025

Mar 23, 2025

24 March 2025

ASX RELEASE

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- GOLD & ANTIMONY EXPLORATION UPDATE MT CLEMENT

HIGHLIGHTS

• Heritage Survey date confirmed with drilling to commence rapidly following completion.

• Phase 1 drilling to target:

• Historical high-grade drill intercepts from previous operators Artermis Resources Limited (ASX:ARV) identified on Marquee tenure.

• Prospective structures identified from recent rock chip sampling.

• 2km lead anomaly with values up to 20,291ppm Pb identified at Hardey Junction and ineffectively assayed for antimony.

• Historical RAB drilling at Hardey Junction (1997) confirmed gold mineralisation: o HJR012 4m @ 1.25 g/t Au from 18-22m, and

• HJR031 10m at 0.55 g/t Au from 55m, including 1m at 1.4 g/t from 57m.

• Hardey Junction represent a highly compelling greenfields target for Eastern Hills-style mineralisation.

Marquee Resources Limited (" Marquee" or "the Company ") ( ASX:MQR ) is pleased to provide an update on its Mt Clement Sb-Au Project (“Mt Clement”), where significant exploration advancements continue. The Company is in the final stages of preparation for its maiden drilling program, targeting extensions to the Eastern Hills Sb-Pb deposit. A Heritage Survey has been scheduled for early April 2025, with drilling set to commence shortly thereafter.

Additionally, a comprehensive review of historical data has identified high-priority drill targets across the Project, reinforcing the potential to develop a nationally significant antimony resource. The Company is committed to unlocking the full potential of Mt Clement and is poised for an exciting phase of exploration and resource development.

Marquee Executive Chairman, Mr Charles Thomas, commented:

"Years of diligent and methodical exploration work have led to this pivotal moment and we are now positioned to complete our maiden Mt Clement drilling program. With Heritage Survey dates now confirmed, we are rapidly advancing towards the commencement of drilling, and the next few months will be a very exciting time for the Company.”

WWW.MARQUEERESOURCES.COM.AU | ABN: 94 616 200 312 22 Townshend Road, Subiaco WA 6008

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“The collation of historical drill data and newly acquired rock chip results has given us confidence in our high-priority targets at Eastern Hills and Hardey Junction which present promising opportunities for future resource growth.”

"From a regional perspective, our technical team continues to develop a series of greenfields targets which are highly encouraging for the delineation of additional antimony and gold mineralisation, and we are eager to systematically explore and unlock the full potential of the Mt Clement Project.”

“The most compelling of these targets is a 2km lead anomaly at Hardey Junction that has been ineffectively assayed for antimony and represents a possible Eastern Hills style target. Given the growing demand for antimony as a critical mineral in global markets, Marquee is strategically positioned to capitalise on this opportunity.”

“We remain committed to advancing exploration efforts and look forward to updating the market as we progress toward our next phase of drilling and development."

Heritage Survey & Drill Planning - Eastern Hills Extension

A Heritage Survey with the Jurruru Native Title Party will commence on 29th March 2025 and is expected to be completed within four days. The survey covers the strike extensions of the Eastern Hills Sb-Pb deposit (ASX: BC8), with drilling to commence immediately following Heritage approval.

Regulatory approvals, including a Program of Work ("POW") for up to 10,000 metres of RC drilling across 40 holes , have been received. Marquee is in advanced discussions with drilling contractors and expects to finalise agreements imminently.

Phase 1 Drilling Program

• 22 RC drill holes (~3,000m total) targeting:

• Historical high-grade intercepts , including:

  • § 11m @ 1.09% Sb & 17.6g/t Ag (AREHRC002)

  • § 4m @ 2.3% Sb & 52g/t Ag (EHRC010)

  • § 16m @ 0.5% Sb, including 7m @ 1% Sb (AREHRC001)

• Prospective structures from rock chip sampling , containing significant Sb-Pb mineralisation, analogous to Eastern Hills.

WWW.MARQUEERESOURCES.COM.AU | ABN: 94 616 200 312 22 Townshend Road, Subiaco WA 6008

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Figure 1 - Marquees phase one RC drilling plan at the Eastern Hills prospect. Jurruru heritage survey area shown which includes scope for phase two of the program.

High-Priority Greenfields Target – Hardey Junction

Exploration tenement E08/3248 was acquired by Marquee in late 2023 to strengthen the Company’s land position in the area, with results from historical sampling recently becoming available. Historical sampling from the initial operator of E08/3248 (ASX:A8G), was gold focussed, targeting mineralisation associated with the Cheela Splay. The Cheela Splay, which is linked to the mantle-tapping Nanjilgardy Fault, is kinked at the intersection of sub-cropping NE-SW dolerite dykes of the Black Hill Suite. The intersection of the Cheela Splay and the Black Hill dolerites is known as the Hardey Junction prospect. The Cheela Splay marks a step change in magnetic signature within the lower Ashburton Formation. Extreme magnetic contrast is observed in this region, with BIF-rich basal Ashburton Formation rocks cropping out in the high-mag zones delineated in Figure 2.

151 historical samples, consisting of 76 rock chips and 75 soil samples, were collected at the Hardey Junction prospect and submitted for gold and multi-element analysis in 2023. The results of the samples have recently become available to the Company and have since been interrogated by Marquee geologists. Since the samples were collected, Marquee geologists have developed a much clearer understanding of the mineral systems of the Mt Clement Project and the associated pathfinder elements and minerals. Specifically, standard multi-element assay methodologies that utilise certain acid digest techniques and ICP or fire assay analysis, materially under report antimony concentrations. The three-acid digest used in the analysis indicates unsatisfactory digestion of antimony bearing sulphide mineralisation, resulting in a significantly increased Pb:Sb ratio. It is interpreted that further sampling and assaying, using appropriate

WWW.MARQUEERESOURCES.COM.AU | ABN: 94 616 200 312 22 Townshend Road, Subiaco WA 6008

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sample digestion and XRF assay methodology, will potentially delineate antimony mineralisation at the Cheela Splay target with Pb grades equivalent to antimony bearing zones identified at Eastern Hills. A 2 km long trend of enriched Pb in rock chips is observed at the Hardey Junction prospect and includes anomalous assays of up to 20,291 ppm Pb. Hardey Junction represents a compelling, greenfields, Eastern Hills style target.

Additionally, during the 1997 field season, previous joint venture partners Geographe and Giralia conducted a RAB drilling program in the north of what is now E08/3248 at their “Hardey Junction Project”. A database review conducted by Marquee has identified two significant intercepts from the historical drilling; (HJR012) 4m @ 1.25 g/t Au 18-22m and (HJR031) 10m at 0.55 g/t Au from 55m, including 1m at 1.4 g/t from 57m.

Table 1: Drill hole table for Geographe-Giralia JV Hardey Junction Project.

Drill hole ID	Collar east	Collar north	Drill hole type	Azi	Dip	Max depth
HJR012	407400	7484903	RAB	360	-60	37
HJR031	407349	7484918	RAB	360	-75	78

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Figure 2 - Historical Pb rock chip assays in the north of E08/3248 at a kink of the Cheela Splay with intersecting Black Hill Suite dykes. RTP magnetic basemap.

WWW.MARQUEERESOURCES.COM.AU | ABN: 94 616 200 312 22 Townshend Road, Subiaco WA 6008

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The Mt Clement Project – A Strategic Asset

Mt Clement is located 30km southwest of Black Cat Syndicate’s (ASX: BC8) Paulsens Gold Mine , at the western end of the Ashburton Basin . The Project hosts gold (Au), copper (Cu), antimony (Sb), silver (Ag), and lead (Pb) mineralisation.

Marquee’s exploration to date has refined multiple high-priority drill targets, with the Company confident in its strategy to expand the known resource base. Future drilling will focus on delineating economic antimony and gold mineralisation , crucial for establishing Mt Clement as a long-term, strategic resource.

Next Steps & Exploration Timeline

• March 2025 – Heritage Survey with the Jurruru Native Title Party.

• April 2025 – Commencement of Phase 1 drilling (~3,000m RC program).

• Ongoing – Expansion of greenfields exploration, further geochemical and geophysical surveys.

• Mid-2025 – Drilling results and Project updates to be reported.

Marquee remains committed to advancing the Mt Clement Project and will provide regular updates to shareholders as exploration progresses.

COMPETENT PERSON STATEMENT

The information in this report which relates to Exploration Results is based on information compiled by Dr. James Warren, a Competent Person who is a member of the Australian Institute of Geoscientists. Dr. Warren is the Chief Technical Officer of Marquee Resources Limited. Dr. Warren has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr. Warren consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.

FORWARD LOOKING STATEMENTS

Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Marquee Resources Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

WWW.MARQUEERESOURCES.COM.AU | ABN: 94 616 200 312 22 Townshend Road, Subiaco WA 6008

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This ASX Release has been approved by the Board of Directors.

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Charles Thomas – Executive Chairman

Marquee Resources

info@marqueeresources.com.au

WWW.MARQUEERESOURCES.COM.AU | ABN: 94 616 200 312 22 Townshend Road, Subiaco WA 6008

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Table 2: Historical Rock Chip Results (ASX: A8G)

Sample_ID	Sample_Type	NAT_East	NAT_North	Au_ppm	Ag_ppm	Pb_ppm	Sb_ppm	As_ppm	Comments
f105									near qz in
	SOIL	407568	7483948	<0.01	<0.05	20.8	1.34	7.9
									schist
f106	ROCKCHIP	407571	7483949	<0.01	<0.05	11.2	0.71	2.1	gossanous qz in schist
f107	SOIL	407542	7483961	<0.01	<0.05	16.1	1.2	7.7	in qz in schist
f108	ROCKCHIP	407542	7483961	<0.01	0.07	37.5	0.63	1.8	qz in altered schist
f001	SOIL	408036	7485822	0.01	0.12	33.4	2.31	23.1
f002	ROCKCHIP	408030	7485812	<0.01	1.14	14.6	0.97	4	qz in chert and dolomite
f003									qz vein
	ROCKCHIP	408016	7485796	<0.01	0.47	398.3	27.28	1194.6	gossan in
									dolomite
f004	SOIL	407931	7485772	<0.01	<0.05	48	3	81.9
f005	SOIL	407889	7485775	<0.01	<0.05	43.6	1.65	22.3
f006	SOIL	407777	7485756	<0.01	<0.05	78.4	2.43	26.9
f007									gossan qz in
	ROCKCHIP	407747	7485746	<0.01	1.04	3669.6	104.28	887.8
									dolomite
f008	SOIL	407685	7485742	<0.01	0.1	154.2	7.82	106.9
f009									near gossan
	SOIL	407619	7485723	<0.01	0.23	207.8	21.03	36
									qz
f010	SOIL	407496	7485724	<0.01	0.1	153.2	8.95	32.7
f011	SOIL	407423	7485814	<0.01	0.39	234.6	11.84	52.4	at 5.4 g/t Au
f012	SOIL	407599	7485851	<0.01	0.07	228.4	4.55	74.8	near brecciated qz
f013	SOIL	407597	7485918	<0.01	0.09	82.8	7.73	86.9	in valley
f014	SOIL	407668	7485965	0.01	0.11	170.7	9.28	191.9	in gossan brecciated qz
f015									siliceous
	SOIL	407709	7486125	<0.01	0.07	34.4	4.63	95.3	breccia minor
									gossan
f016	SOIL	407796	7486114	0.02	<0.05	50.4	14.21	187.6	at cross start of fe rich
f017	SOIL	407881	7486108	<0.01	<0.05	37.7	9.21	102.9	at qz vein
f018	SOIL	407931	7486213	<0.01	0.13	28.6	5.91	102.2	in shaley valley
f019	SOIL	407966	7486270	<0.01	<0.05	29.4	4.82	44.3	with some qz
f020	SOIL	408016	7486349	<0.01	<0.05	26.9	2.58	19.4

WWW.MARQUEERESOURCES.COM.AU | ABN: 94 616 200 312 22 Townshend Road, Subiaco WA 6008

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f021									at base of
									siliceous
	SOIL	407935	7486416	<0.01	0.05	37.9	2.53	34.7
									breccia and
									gossan
f022	SOIL	407325	7485712	<0.01	<0.05	182	5.82	36.8	at qz breccia
f023	SOIL	407269	7485663	<0.01	0.12	403.5	10.83	127.2	at qz breccia
f024	SOIL	408369	7484619	<0.01	0.08	60.5	1.62	12	in qz breccia
f025	ROCKCHIP	408370	7484620	<0.01	1.59	1218.2	11.24	100	qz breccia
f026	ROCKCHIP	408344	7484566	<0.01	0.73	459.1	15.45	81.9	qz breccia
f027									qz gossan
	ROCKCHIP	408150	7484721	<0.01	0.14	641.4	3.84	55.3
									breccia
f028	ROCKCHIP	408225	7484741	<0.01	<0.05	57.8	3.54	45.5	qz gossan breccia
f029									qz gossan
	ROCKCHIP	408007	7484825	<0.01	0.06	23.3	0.82	3220.7
									breccia
f030	SOIL	407991	7484893	<0.01	<0.05	33.8	1.49	35.5
f031									hematite
	ROCKCHIP	408010	7484987	<0.01	4.18	3257.6	14.43	3300.5
									gossan
f032	ROCKCHIP	407968	7484997	<0.01	0.46	227.3	7.57	262.1	qz ferruginous breccia
f033	SOIL	407950	7484994	<0.01	0.24	240.7	3.48	44.7	along dyke?
f034	SOIL	407899	7485061	<0.01	<0.05	368.5	3.63	91.8	over fe qz breccia
f035									near mapped
	SOIL	407856	7485161	<0.01	<0.05	329.3	5.75	89.4
									galena
f036	SOIL	407956	7485034	0.01	0.3	698.1	3.96	124.9	along qz breccia
f037	SOIL	408051	7485038	<0.01	0.06	147	4.7	125	on qz vein
f038	SOIL	408114	7485148	<0.01	0.07	905.1	18.16	717.8
f039	SOIL	408209	7485102	<0.01	0.08	170.7	2.28	57.7
f040	SOIL	408462	7485077	<0.01	<0.05	43.4	1.81	29	in dolomite
f041									hematite qz
	ROCKCHIP	408406	7485028	<0.01	0.26	442.6	4.02	36.7
									vein
f042	SOIL	408314	7484949	<0.01	<0.05	20.4	1.47	12.6
f043									near qz
	SOIL	407769	7485160	<0.01	0.06	123.3	3.25	50.4
									breccia
f044	ROCKCHIP	407756	7485174	<0.01	0.07	261.3	5.65	37.5	qz breccia
f045	SOIL	407756	7485204	0.01	0.09	425.1	9.48	235.3	at qz breccia
f046	SOIL	407643	7485205	0.04	0.09	338.6	11.43	331	at base of qz breccia

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f047									near qz
	SOIL	407547	7485125	0.01	0.24	2145.2	9.1	379
									breccia
f048	ROCKCHIP	407507	7485139	0.01	0.62	834	9.88	40.4	qz breccia no galena
f049	SOIL	407507	7485139	0.02	0.14	1475.7	10.43	307.4	on qz breccia
f050	SOIL	407466	7485176	0.03	0.07	586.8	7.18	190.3	in qz breccia
f051	ROCKCHIP	407442	7485168	<0.01	2.1	2907.4	31.76	261.9	qz
f052	SOIL	407421	7485215	<0.01	0.08	417.9	4.67	108.4	at base of qz breccia
f053									at base of qz
	SOIL	407392	7485135	<0.01	<0.05	484.8	12.05	217.7
									breccia
f054	SOIL	407462	7485075	0.02	0.2	368.5	16.6	510.2	at base of galena outcrop
f055	ROCKCHIP	408569	7484306	<0.01	0.06	22	0.79	8.9	qz veinlets
f056	SOIL	408571	7484307	<0.01	<0.05	38.5	1.77	17.4	pyrite in schist
f057									qz and pyrite
	SOIL	408601	7484272	<0.01	0.05	35.5	2.04	23.5
									schist
f058	ROCKCHIP	408602	7484273	<0.01	<0.05	25	0.59	4.9	in pyrite schist
f059	SOIL	407677	7486821	<0.01	0.09	24.2	1.6	17	near qz blow
f060	ROCKCHIP	407675	7486820	<0.01	<0.05	17.4	0.43	27.7	qz and dolomite
f061	SOIL	407699	7486864	<0.01	0.12	23.7	1.69	10.5
f062	ROCKCHIP	407618	7486924	<0.01	0.49	22.5	5.6	203.6	qz veinlets in dolomite and fe rich beds
f063	SOIL	407607	7486986	<0.01	0.09	22.3	1.76	14.5
f064	SOIL	407651	7487030	<0.01	0.17	23	1.84	28.1
f065	ROCKCHIP	407676	7487061	<0.01	<0.05	12.4	0.63	10.9	chert bed
f066	SOIL	407668	7487079	<0.01	0.3	23.8	2.14	42.5
f067	ROCKCHIP	407617	7487122	<0.01	<0.05	13.6	1.77	9.9	chert lens
f068	ROCKCHIP	407617	7487150	<0.01	0.79	32.6	8.85	234.1	qz blow
f069	SOIL	407659	7487188	<0.01	0.09	34.8	4.62	192.7
f070	SOIL	407718	7487195	<0.01	0.17	37.8	5.37	98.3
f071	SOIL	407762	7487144	<0.01	0.08	26.2	2.35	57.2
f072	SOIL	407828	7487100	<0.01	<0.05	22.4	1.83	27.7
f073									hematite
	ROCKCHIP	407832	7487101	<0.01	<0.05	31.2	1.74	3.4
									beds
f074	SOIL	407777	7487227	<0.01	0.15	28.6	2.19	45.3

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f075	SOIL	407716	7487273	<0.01	0.3	39.3	9.17	257.4
f076	ROCKCHIP	407715	7487300	<0.01	0.33	43.6	59.05	1778.2	qz and hematite
f077	ROCKCHIP	407678	7487358	<0.01	0.14	359.2	90.44	3677.2	qz veinlets
f078	SOIL	407635	7487471	<0.01	0.06	38.1	14.42	243	stream
f079									qz chert
	ROCKCHIP	407750	7487438	<0.01	<0.05	13	2.49	87.8
									dolomite
f080	SOIL	407748	7487497	0.04	0.07	24.7	4.58	75.5	stream fault?
f081									hematite
	ROCKCHIP	407687	7487504	<0.01	0.12	20	2.94	46.3
									chert
f082	ROCKCHIP	407585	7487466	<0.01	0.06	26.4	8.33	59.4	qz
f083									hematite
	ROCKCHIP	407571	7487413	<0.01	0.67	29.2	29.98	299.5
									chert
f084	SOIL	407162	7485137	<0.01	<0.05	26.1	1.68	13.8	in schist near qz vein
f085	ROCKCHIP	407126	7485119	<0.01	<0.05	10	0.77	7	qz
f086	ROCKCHIP	407045	7485075	<0.01	<0.05	10.1	0.6	3.2	qz veinlets in schist
f087	ROCKCHIP	406965	7485028	<0.01	0.07	12.8	0.48	2.8	qz and schist
f088	SOIL	406894	7484969	0.04	<0.05	22.4	1.14	8.3	stream
f089	ROCKCHIP	406960	7484858	<0.01	0.12	16.2	0.78	7.4	qz and schist
f090	SOIL	407012	7484856	<0.01	0.29	19.2	1.26	9	in schist near qz veins. fault?
f091	ROCKCHIP	407079	7484868	<0.01	<0.05	42.4	1.02	3.9	qz and schist
f092	ROCKCHIP	407098	7484887	<0.01	<0.05	16.1	0.58	3.1	qz in schist
f093	ROCKCHIP	407196	7484937	0.05	0.24	118.2	0.64	2.3	qz and schist
f094	SOIL	407186	7484942	<0.01	<0.05	24.4	1.24	12.3	in schist near qz veins
f095									s qz and
	ROCKCHIP	407241	7484980	<0.01	<0.05	17.7	0.56	2.9
									schist
f096	SOIL	407330	7485084	<0.01	<0.05	80.7	3.22	41.7	dolomite scree?
f097									dolomite
	SOIL	407291	7485116	<0.01	0.09	71.7	2.28	21.2
									schist contact
f098	ROCKCHIP	407266	7485119	<0.01	0.14	16.3	0.97	3.9	qz vein in schist
f099									gossanous qz
	ROCKCHIP	407726	7484157	<0.01	<0.05	30.1	1.26	2.4
									in schist
f100	SOIL	407702	7484131	<0.01	<0.05	19.2	1.45	10.8	near qz
f101									near qz in
	SOIL	407679	7484065	<0.01	0.2	19.6	1.44	9
									schist

WWW.MARQUEERESOURCES.COM.AU | ABN: 94 616 200 312 22 Townshend Road, Subiaco WA 6008

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f102	ROCKCHIP	407679	7484065	<0.01	<0.05	18.4	0.74	2.8	gossanous qz vein in schist
f103									qz gossanous
	ROCKCHIP	407670	7484024	<0.01	<0.05	20.3	1.15	3.2
									in schist
f104	ROCKCHIP	407650	7483940	<0.01	<0.05	23	0.61	1.9	gossanous qz in schist
f109	ROCKCHIP	407685	7484139	<0.01	0.49	20.3	0.79	1.9	qz in schist
f110	SOIL	407802	7484251	<0.01	0.46	24	1.67	10.7	near ferruginous schist and qz
f111	SOIL	407828	7484247	<0.01	0.07	16.6	1.51	8.1	along shear?
f112	ROCKCHIP	407906	7484209	<0.01	0.28	20.8	1.2	2.9	small qz vein in schist
f113									small qz vein
	ROCKCHIP	407899	7484186	<0.01	<0.05	22.5	0.63	2.3
									in schist
f114	ROCKCHIP	407874	7484176	<0.01	<0.05	17.2	0.63	2.5	qz in schist Shear?
f115	ROCKCHIP	407405	7484638	<0.01	0.06	17.8	0.81	2.4	qz in schist
f116	ROCKCHIP	407278	7484628	<0.01	<0.05	12.7	0.96	2.4	qz vein in schist
f117									qz vein in
	ROCKCHIP	407166	7484668	<0.01	0.11	11	0.64	1.6
									schist
f118	ROCKCHIP	407193	7484576	<0.01	0.09	32.7	0.7	1.9	qz in schist
f119									qz vein in
	ROCKCHIP	407152	7484488	<0.01	0.19	22.1	1.09	2.8
									schist
f120	ROCKCHIP	407156	7484400	<0.01	0.36	14.7	1.09	2	qz vein in schist
f121	ROCKCHIP	407236	7484373	<0.01	<0.05	26.3	0.88	2	qz in schist
f122	ROCKCHIP	407581	7485266	<0.01	0.37	738.5	194.3	53.7	large qz Vien galena?
f123									large qz Vien
	ROCKCHIP	407600	7485329	<0.01	0.27	281.2	21.77	94.6
									galena?
f124	ROCKCHIP	407601	7485331	<0.01	0.18	114.3	5.32	10	qz and galena? Two mini holes
f125									, F126 large
	ROCKCHIP	407634	7485323	0.08	12.19	20291	165.57	941.3	qz vein
									galena?
f126	SOIL	407634	7485323	0.03	0.47	3924.3	39.29	517.2
f127									ferruginous
	ROCKCHIP	407611	7485397	<0.01	0.17	373.9	2.93	23.9	band in
									dolomite
f128	ROCKCHIP	407609	7485422	<0.01	3.24	1503.8	74.53	17.5	qz vein
f129									boxwork in
	ROCKCHIP	407584	7485443	<0.01	2.69	3584.4	49.06	23.6	qz vein
									galena id

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f130	ROCKCHIP	407559	7485484	<0.01	1.32	1194.8	33.74	7.3	boxwork qz
f131									massive
	ROCKCHIP	407514	7485569	<0.01	0.06	74.3	6.09	3.3
									galena?
f132	ROCKCHIP	407513	7485569	<0.01	1.77	1225.7	18.48	174.9	boxwork in qz vein galena?
f133									qz breccia
									bed in
	ROCKCHIP	409253	7486412	<0.01	8.84	1555.3	210.96	259.6
									dolomite
									galena?
f134	SOIL	409263	7486444	<0.01	0.08	69.8	3.64	28.6	in qz scree over dolomite
f135									gossanous
	ROCKCHIP	409248	7486607	<0.01	0.1	83.8	3.88	36.1
									bed with qz
f136	SOIL	409248	7486726	<0.01	0.28	25.1	1.58	12.6	stream
f137	SOIL	409307	7486874	<0.01	0.11	23.9	1.7	11.6	at base of hill
f138	SOIL	409159	7487223	<0.01	0.1	19	1.57	11.1	in dolomite
f139									amongst qz
	SOIL	409239	7487324	<0.01	0.11	16.4	1.44	11.2
									blows
f140	ROCKCHIP	409162	7487437	<0.01	0.08	2.2	0.5	1.5	stockwork qz blow
f141									qz vein black
	ROCKCHIP	409149	7487397	<0.01	<0.05	7.1	0.61	9.1
									galena?
f142	ROCKCHIP	409117	7487281	<0.01	<0.05	2.6	0.27	5.6	stockwork qz vein in ferruginous dolomite
f143	ROCKCHIP	409009	7487226	<0.01	<0.05	3.9	0.21	1.1	big qz blow
f144	SOIL	408960	7487221	<0.01	<0.05	15.2	1.52	11.5	4 at base of stockwork qz galena?
f145									ferruginous
	ROCKCHIP	408902	7487210	<0.01	<0.05	<0.5	0.1	0.8
									dolomite
f146	ROCKCHIP	408866	7487146	<0.01	0.06	31.4	0.44	3.2	stockwork qz vein
f147									stockwork
	ROCKCHIP	408784	7486857	<0.01	<0.05	4.3	0.14	0.7	gossanous
									dolomite bed
f148	SOIL	408705	7484067	<0.01	0.07	33.7	1.81	18.2	in ferruginous bedded dolomite
f149									banded qz
	ROCKCHIP	408633	7484072	<0.01	0.22	260.6	14.91	7.9
									chert
f150	ROCKCHIP	408607	7484054	<0.01	0.53	792.1	9.09	20.9	ferruginous dolomite
f151									qz vein grey
	ROCKCHIP	408726	7484013	<0.01	1.01	3409.3	16.15	30.8
									chert

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JORC CODE, 2012 EDITION – TABLE 1 REPORT

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary	Commentary
Sampling	• Nature and quality of sampling (eg	•	Previous tenement operators Australasian
techniques	cut channels, random chips, or		Metals Limited geologists collected 76 rock chip
	specific specialised industry		and 75 soil samples.
	standard measurement tools	•	Soil samples were collected by hand using
	appropriate to the minerals under		paleo picks and then sieved to -1 mm and
	investigation, such as down hole		stored in pre-labelled brown paper bags.
	gamma sondes, or handheld XRF	•	Sample masses were 200-300g.
	instruments, etc). These examples	•	Sampling was carried out under previous
	should not be taken as limiting the		tenement operators Australasian Metals Limited
	broad meaning of sampling.		(ASX:A8G) protocols and QAQC procedures as
	• Include reference to measures		per industry best practice. See further details
	taken to ensure sample		below.
	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.
Drilling	• Drill type (eg core, reverse	•	Two vertical RAB holes were drilled in 1997 by
techniques	circulation, open-hole hammer,		Geographe-Giralia JV and sampled on a one
	rotary air blast, auger, Bangka,		metre interval basis, with selective 4m
	sonic, etc) and details (eg core		composites produced by the on-site company
	diameter, triple or standard tube,		geologist.
	depth of diamond tails, face-
	sampling bit or other type, whether
	core is oriented and if so, by what
	_method, etc). _
Drill sample	• Method of recording and assessing	•	Drill sample recoveries were noted as near
recovery	core and chip sample recoveries		complete by on-site company geologists.
	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.

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Criteria	JORC Code explanation	Commentary
Logging	• Whether core and chip samples	•All rock chips were geologically logged by
	have been geologically and	previous tenement operators Australasian
	geotechnically logged to a level of	Metals Limited geologists using their logging
	detail to support appropriate Mineral	scheme.
	Resource estimation, mining studies	• Brief lithology was recorded for rock chip
	and metallurgical studies.	samples.
	• Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	• RAB drill holes were logged for lithology, colour, alteration, abundance of vein quartz and sulphides.
	• The total length and percentage of
	the relevant intersections logged.
Sub-sampling	• If core, whether cut or sawn and	•Rock chip and soil samples were submitted to
techniques	whether quarter, half or all core	the laboratory for analysis. Samples were dried
and sample	taken.	and crushed to 70% passing 2mm, riffle split off
preparation	• If non-core, whether riffled, tube	1kg, pulverise split to better than 85% passing
	sampled, rotary split, etc and	75 microns.
	whether sampled wet or dry.	•This sample preparation technique is
	• For all sample types, the nature,	considered appropriate for the type and tenor of
	quality and appropriateness of the	mineralisation.
	sample preparation technique.	• The laboratory inserted certified reference
	• Quality control procedures adopted	material and blanks into the analytical sequence
	for all sub-sampling stages to	and analysed lab duplicates. These appear to
	maximise representivity of samples.	confirm accuracy and precision of the sample
	• Measures taken to ensure that the	assays.
	sampling is representative of the in	• RAB samples were collected off the cyclone.
	situ material collected, including for	Scoops or spears were used to composite 1m
	instance results for field	samples to 4m composited on a selective basis
	duplicate/second-half sampling.	using the drill logs.
	• Whether sample sizes are
	appropriate to the grain size of the
	material being sampled.
Quality of	• The nature, quality and	•Assaying for Australasian Metals Limited was
assay data	appropriateness of the assaying and	completed by Jinning PTY LTD at 15 Davison
and	laboratory procedures used and	St, Maddington WA 6109
laboratory	whether the technique is considered	•Samples were characterised using the MADM
tests	partial or total.	and MADI multi-acid digest and FA50A fire
	• For geophysical tools,	assay.
	spectrometers, handheld XRF
	instruments, etc, the parameters	•Geographe-Giralia joint venture assays were
	used in determining the analysis	completed on a 4 metre interval basis for Au,
	including instrument make and	Ag, Cu, Pb, Zn, As and Bi by ICP-MS..
	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.
Verification of	• The verification of significant	•Data was recorded in hard copy by on-site
sampling and	intersections by either independent	Company field staff.
assaying	or alternative company personnel.	•All field data is directly recorded in hard copy,
	• The use of twinned holes.	then sent electronically to the Chief Technical
	• Documentation of primary data, data	Officer in the office. Assay files are received
	entry procedures, data verification,	electronically from the Laboratory. All data is
	data storage (physical and	stored in an Access database system and

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Criteria	JORC Code explanation	Commentary	Commentary
	electronic) protocols.		maintained by the Database Manager.
	• Discuss any adjustment to assay	•	All results have been collated and checked by
	data.		the Competent Person.
Location of	• Accuracy and quality of surveys	•	The coordinate reference system used is
data points	used to locate drill holes (collar and		GDA94 / MGA zone 50	(EPSG: 26918).
	down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	•	Handheld GPS units were used to record the position of all sampling localities. Horizontal
	• Specification of the grid system		accuracy was +/- 3 metres.
	used.	•	A DTM model acquired	through airborne
	• Quality and adequacy of topographic control.		surveys was used in GIS software to establish topographical control.
Data spacing	• Data spacing for reporting of	•	The data spacing and distribution is variable
and	Exploration Results.		and is considered appropriate due to the early
distribution	• Whether the data spacing and		staged nature of exploration.
	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.
Orientation of	• Whether the orientation of sampling	•	Further work is required	to determine the best
data in	achieves unbiased sampling of		orientation for further sampling programs.
relation to	possible structures and the extent to
geological	which this is known, considering the
structure	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.
Sample	• The measures taken to ensure	•	Previous tenement	operators Australasian
security	sample security.		Metals Limited and its	representatives ensured
			samples were securely	delivered to the lab.
Audits or	• The results of any audits or reviews	•	No audits or reviews beyond consultant
reviews	of sampling techniques and data.		geologists have been conducted on the
			exploration data.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number,	•The soil and rock chip sampling was completed
tenement and	location and ownership including	on Marquee Resources Ltd tenement E08/3214.
land tenure	agreements or material issues with
status	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

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Criteria	JORC Code explanation	Commentary	Commentary
	licence to operate in the area.
Exploration	• Acknowledgment and appraisal of	•	Work has been primarily focused on the Mt
done by other	exploration by other parties.		Clement Au-Sb deposit, historically by Artemis
parties			Resources and more recently Black Cat
			Syndicate.
		•	Previous exploration on MARQUEE
			RESOURCES LTD tenement E08/3248 by
			previous operators Australasian Metals Limited
			(ASX:A8G) included 151 samples for 76 rock
			chips and 75 soils were collected and submitted
			for gold and multi-element analysis in 2023.
		•	Soil samples were sieved on site to -1mm.
		•	Fieldwork was conducted over six days during
			June 2023.
		•	Historical tenement operators Giralia-
			Geographe (operating as a JV) drilled at least
			two vertical RAB drill holes in the north of E
			08/3248 during the 1997 field season. One
			metre samples were collected via a cyclone and
			composited into four metre samples. These
			samples were submitted to Ultra Trace
			Analytical laboratories of Perth for analysis. The
			whole 2 kg sample was dried, crushed and
			pulverised with a 50 gram charge digested in
			aqua-regai before being assayed for Au, Ag,
			Cu, Pb, Zn, As and Bi by ICP-MS. One repeat
			batch of assays was run for Au.
Geology	• Deposit type, geological setting and	•	Regionally the geology is dominated by
	style of mineralisation.		Proterozoic mafic/ultramafic and sedimentary
			lithologies intruded by granites.
Drill hole	• A summary of all information	•	Historical drilling & rock chip sampling data has
Information	material to the understanding of the		been provided in Tables 1 & 2.
	exploration results including a	•	MQR rock chip results have been released
	tabulation of the following		previously.
	information for all Material drill holes:
	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,	•	No data aggregation methods have been used.
aggregation	weighting averaging techniques,
methods	maximum and/or minimum grade
	truncations (eg cutting of high
	grades) and cut-off grades are
	usually Material and should be

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Criteria	JORC Code explanation	Commentary	Commentary
	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 clearly stated.
Relationship	• These relationships are particularly	•	Due to the early-stage nature of exploration, no
between	important in the reporting of		relationships have been established
mineralisation	Exploration Results.
widths and	• If the geometry of the mineralisation
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 (eg ‘down hole length, true
	_width not known’). _
Diagrams	• Appropriate maps and sections (with	•	Appropriate diagrams are included in the body of
	scales) and tabulations of intercepts		the release.
	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	•	The reporting is considered to be balanced and
reporting	all Exploration Results is not		representative.
	practicable, representative reporting
	of both low and high grades and/or
	widths should be practiced to avoid
	misleading reporting of Exploration
	Results.
Other	• Other exploration data, if meaningful	•	All relevant data has been reported.
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 plans have been provided in the
	further work (eg tests for lateral		body of the text.
	extensions or depth extensions or	•	The Company will update the market with
	large-scale step-out drilling).		proposed future work programs.
	• Diagrams clearly highlighting the
	areas of possible extensions,
	including the main geological
	interpretations and future drilling

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Criteria	JORC Code explanation	Commentary
	areas, provided this information is
	not commercially sensitive.

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