MEEKA METALS LIMITED — Capital/Financing Update 2016

Sep 13, 2016

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ASX RELEASE

14 September 2016

Drilling to start next week to target resource extensions and repetitions at key projects in WA’s Mt Ida gold belt

Areas being targeted sit immediately adjacent to Eastern Goldfields’ high‐ grade Mt Ida underground mine

Highlights

• Program of Works (POW) lodged for drilling at four prospects within Latitude’s Quinn Hills and Mt Ida South projects

• Drilling to start next week with 2,500m ‐3,000m planned; Strike Drilling awarded the contract

• Drilling will target strike extensions of known mineralisation at both projects and repetitions to the east and west

• Program expected to take ~three weeks with assays to follow shortly after

Latitude Consolidated (ASX:LCD) is pleased to announce that it is set to start drilling within a week at its Quinn Hills and Mt Ida South projects in WA’s rapidly emerging Mt Ida gold belt.

The Program of Works (POW) application for exploration programs at these neighbouring projects within WA’s North Eastern Goldfields have been lodged with the Department of Mines and Petroleum and Strike Drilling has been awarded the contract to undertake the RC drilling.

The drilling program comprises 25‐30 holes for a total of 2,500m ‐ 3,000m. It will target strike extensions and repetitions of known mineralisation on four prospects on the Quinn Hills Project and Mt Ida South Project areas.

A recent review of the existing surface geo‐chemistry, geo‐physics and drilling databases has identified numerous opportunities to extend the known zones of mineralisation and to build on the current Mineral Resource of 1.24mt @ 2.5g/t for 97,300 Oz (Measured, Indicated and Inferred) across the Quinn Hills and Mt Ida South project areas (see Table 1). The Mineral Resource statement is presented in Table 1 and has been classified in accordance with the JORC Code (2012).

Upon completion of its recently‐announced acquisition of the Mt Ida South gold project (see ASX release dated September 8, 2016), Latitude will hold 250sqkm in the Mt Ida belt.

The Company’s tenements host extensive known mineralisation, prospects which have not been followed up and numerous walk‐up drill targets.

They also surround the high‐grade underground mine owned by Eastern Goldfields (ASX: EGS). Eastern Goldfields has announced that it aims to develop a processing hub at Mt Ida.

LATITUDE CONSOLIDATED LIMITED ACN 080 939 136 Ground Floor, 16 Ord Street, West Perth WA 6005 (t) 08 9482 0550 (w) www.latitudeconsolidated.com.au

A summary of Latitude’s impending drilling programs is provided below.

Quinn Hills Projects

Matisse (5,300 Oz @ 1.63g/t Au)

Eight RC holes totalling 750m are planned for the Matisse prospect. A resource covers the Matisse area. Mineralisation wireframes for this resource have been generated along a strike of approximately 200m. A review of the existing drilling shows that anomalous zones have been intersected in drilling 200m north and 100m south along strike from the resource wireframes. Sampling of these holes was predominantly undertaken using 4m or 5m composites which has effectively diluted the grade of the typically narrow (2‐3m) high grade zones. Planned drilling will target the north and south extensions with one‐metre sampling being undertaken to accurately assess the presence of narrow mineralised zones.

Quinn Hills (3,900 Oz @ 5.74g/t Au)

Seven RC holes totalling 770m are planned for the Quinns prospect. A resource covers the Quinn Hills area. Mineralisation wireframes for this resource have been generated along a strike of approximately 200m. A review of the existing drilling shows potential extension to the south and at depth of the main mineralisation. A parallel zone to the west of the main zone has been identified in historical drilling and planned drilling will test the continuity of this zone. Two lines of deep widely spaced holes exists to the south west of the main zone of mineralisation. These holes have intersected multiple narrow high‐grade zones with apparent continuity. The planned drilling will reduce the spacing on section to confirm the continuity of these zones.

Quinn Hills South

The Quinn Hills South area is an early stage exploration prospect. Existing auger sampling has identified an anomalous zone approximately 600m long and 100m wide. Geologically the anomaly is situated in favourable host rocks (mafic and ultramafic lithology’s) adjacent to a major north‐ south structure (Ballard Shear). The most prospective area for gold mineralisation on the eastern side of the project area occurs along the western edge of this structure. Two RC holes for a total of 240m have been planned to test the anomaly at its widest point in the north and where some surface indication of mineralisation has previously been intersected in shallow RAB drilling.

Mt Ida South Projects

Spotted Dog North and South (15,200 @ 1.87g/t Au, 5,100 @ 2.20g/t Au) and Tim's Find (30,900 Oz @ 2.54 g/t Au)

Six holes for a total of 610m are planned to cover the Spotted Dog and Tim’s find deposits. Resources cover both of these zones of mineralisation which run parallel to each other but are hosted in different lithologies. Drilling on the Spotted Dog trend is aimed at testing the approximately 1km gap which exists between the north and south zones. Should this drilling and subsequent drilling prove continuity, there is the potential to close this gap adding an additional 1km to the existing strike of this zone. Step out drilling to the north and south of Tim's Find is planned to extend the strike of this mineralisation.

It is expected that the drilling will be completed by mid‐late October and the first assay results should follow soon after that.

LATITUDE CONSOLIDATED LIMITED ACN 080 939 136 Ground Floor, 16 Ord Street, West Perth WA 6005 (t) 08 9482 0550 (w) www.latitudeconsolidated.com.au

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Figure 1.Quinn Hills and Mt Ida South Project Location

LATITUDE CONSOLIDATED LIMITED ACN 080 939 136 Ground Floor, 16 Ord Street, West Perth WA 6005 (t) 08 9482 0550 (w) www.latitudeconsolidated.com.au

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Table 1. Mineral Resource at Au>1g/t. Tonnes grade and ounces have been rounded

Notes on Mineral Resource

The deposits and nearby prospects are located in the Archaean Yilgarn Greenstone Belt of WA, more specifically within the northern portion of the Mount Ida Greenstone Belt forming the eastern limb of the regional south plunging Copperfield Anticline. The geology comprises Archaean mafic to ultramafic lithologies bounded by granitic intrusions, and the region has been metamorphosed to lower amphibolite facies. A major shear zone, interpreted to be the Zuleika Shear, intersects the eastern part of the project area. Much of the project area is covered by colluvial and alluvial deposits, with thickness ranging from <1m to tens of metres. Gold mineralisation in the area is associated with quartz veining +/‐ sulphides within sheared ultramafic and mafic units; along the Zuleika Shear gold is often found in quartz/pyrite lodes which are typically enveloped by tremolite schist, within intensely sheared amphibolites.

The Mineral Resources are located in an historical mining area, with open cut mines, costeans and underground workings prevalent. Geological exposure in these were used to guide the geological interpretation, with drill holes used to support the interpretation below the depths of mining. Reverse circulation (RC) and diamond drilling (DD) were used estimate grades into the Mineral Resource estimate. Aircore drilling was also used to assist with the geological interpretations for the mineralisation and weathering domains. No alternative interpretations were considered. Geological intercepts guided the geological interpretation, with the grade domains constrained by a grade envelope, based upon assayed Au (g/t) grades. Geological continuity was observed in the open cut geological exposure and influenced the interpretation of the mineralisation models.

Reverse Circulation and Aircore drilling were carried out by WildAcre (a previous holder of the leases) over several drilling campaigns from 2010‐2012. Drillhole locations were picked up by DGPS. Downhole surveys were carried out with a single‐shot camera in the RC holes to obtain the dip of the hole; azimuth was calculated from the set up of the hole. Aircore and Reverse Circulation drilling carried out to collect 1m riffle split or scoop samples, or 4m composite scoop samples which were then resampled on 1m intervals where anomalous gold values were returned. Samples were pulverised to produce a 40g charge for fire assay with AAS finish. Aircore drilling was used for the results quoted at the Matisse prospect and Reverse Circulation drilling used for all other areas. Aircore drilling was carried out by Goldfire Drilling, and RC drilling carried out mainly by Ausdrill, with 3 of the holes quoted drillholes (WARC035, 037 and 039 drilled between the Forrest Belle and Boudie Rat pits) being drilled by K and J Drilling. No other details have been found regarding the drill bit sizes and other drilling information.

Drill lines are variably spaced, depending on the prospect area and how far advanced the prospect was. Drill spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource estimates.

LATITUDE CONSOLIDATED LIMITED ACN 080 939 136 Ground Floor, 16 Ord Street, West Perth WA 6005 (t) 08 9482 0550 (w) www.latitudeconsolidated.com.au

Samples were analysed by KalAssay Laboratories in Kalgoorlie except for the samples from drill holes WAAC002 (KalAssay Perth) and WARC030 (KalAssay Leonora). The analytical method used was a 40g Fire Assay with AAS finish for gold only, which is considered to be appropriate for both the material and the mineralisation.

The Mineral Resource estimate was divided into 11 block models for the purpose of grade estimation. The Au domain wireframes were constructed in MicroMine by Wild Acre Metals Ltd (the previous owner of the property). Micromine software was used for all processes, including drill hole database, geological interpretation, wireframing, block model construction, grade interpolation, Mineral Resource classification and reporting of the Mineral Resource estimate. The interpretation of the mineralisation domains was carried out at a nominal 0.5 g/t cut off. Sections normal to the trend of the mineralisation were generated and outlines interpreted. The individual outlines were connected with tie lines and wireframe solids of the individual mineralised zones were produced with a total of 15 solids produced. The solids contain up to 4 metres of internal dilution (downhole) so as to establish shapes which allow continuity between sections. Solids were validated using Micromine validation tools. Depth extent was carefully considered and the volumes did not extend down dip beyond a limit considered reasonable by the Competent Person. A weathering surface representing top of fresh rock was modelled based upon drill logs of weathering event, and built into the block models. The weathering domains were used to assign density values. A total of 1,012 RC holes (48,240 m) and 30 DD holes (3,189 m) support the Mineral Resource estimate.

These figures include 57 RC holes (6,397 m) drilled by Wild Acre to verify historical drill hole locations and tenor of mineralisation. 225 aircore holes support the geological interpretation. Quality assurance and quality control (QA/QC) programs were used for the Wild Acre drilling, with certified standards, laboratory standards, field duplicates, laboratory duplicates, repeats, blanks and grind size analysis monitored. QA/QC results from the historical drilling are currently being sought, however the recent drilling has verified the historical sample grades, such that the Competent Person was satisfied they could be used to support the Mineral Resource estimate. Drill samples were flagged by the mineralisation and weathering domains they are located in. Drill samples were statistically analysed by geological domains and top cuts were applied where necessary. A top cut of 20 g/t was applied to all the drill samples constrained within the mineralisation envelopes prior to grade interpolation. This top cut was determined by statistical analyses of the sample assays.

11 block models with parent cell sizes 2 m x 5 m x 2.5 m (Easting, Northing, RL) were constructed for each deposit, compared to typical drill spacing ranging from 10 m (E) x 10 m (Y) to 40 m (E) x 12.5 m (Y) within the Measured and Indicated volumes. The block sizes were chosen to best fit the Measured volume drill spacing. Subcelling was used to ensure the wireframe domains were adequately filled with blocks. Grade was interpolated using inverse distance to the power of 3 (ID3). A variety of search ellipse orientations were used for the grade interpolation parallel to the strike and dip of the mineralisation all with a standard search radius. Grade interpolation was run within the individual mineralisation domains acting as hard boundaries. A density of 2.0 t/m[3] was assumed for the oxide and a density of 2.6 t/m[3] assumed for the fresh material.

These are considered reasonable by the Competent Person, for the host rock units and style of mineralisation. The block models were depleted in volume according to the mining voids present. The block models were validated by comparing the block model grades with adjacent drill hole grades, in cross section. Records of historical and recent mining were compared against the Mineral Resource estimate, however the mining records lacked detail to allow for a meaningful reconciliation. No deleterious by products were modelled.

LATITUDE CONSOLIDATED LIMITED ACN 080 939 136 Ground Floor, 16 Ord Street, West Perth WA 6005 (t) 08 9482 0550 (w) www.latitudeconsolidated.com.au

A reporting cut‐off grade of 1.0 g/t Au was used to report the Mineral Resource, and is considered a reasonable value for an open pit Au deposit in the Eastern Goldfields, close to infrastructure. The geological domains extend to a maximum depth of 150 m below surface.

The geological interpretations allowed for up to 4 m of downhole dilution. No other mining assumptions were made. The Competent Person believes the Mineral Resource as reported has a reasonable chance of eventual economic extraction due to its proximity to infrastructure (near Leonora, W.A.).

No metallurgical studies have been completed at this stage. It is intended to undertake a full metallurgical study when further resource work is undertaken and a decision to mine is made.

Competent Person’s Statement :

The information included in this report that relates to Historical Exploration Results is based on information compiled by Michael Edwards, B.Sc, B.Bus, Grad dip OEN, a competent person who is a member of the Australian Institute of Geoscientists. Mr. Edwards is currently acting CEO for the Company and holds a direct interest in Latitude Consolidated. Mr. Edwards has worked as a geologist in regional exploration, mine evaluation roles for over 10 years in precious and base metal deposits. Mr. Edwards has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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. Edwards consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation compiled by or under the supervision of Mr Michael Edwards, a Competent Person who is a member of the Australian Institute of Geoscientists a “Recognized Professional Organization” (RPO) included in a list that is posted on the ASX website from time to time. Mr Edwards has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 and 2012 editions of the Australian Code for Reporting Exploration Results Mineral Resources and Ore Reserves. Latitude Consolidated confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources, all material assumptions and technical parameters underpinning the estimates in the initial announcement continue to apply and have not materially changed. Latitude Consolidated confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

For more information, please contact:‐

Michael Edwards Chief Executive Officer (p) 08 9482 0550

(e) medwards@latitudeconsolidated.com

Nicholas Read/Paul Armstrong

Read Corporate – Investor and Public Relations (p) 08 9388 1474 (e) nicholas@readcorporate.com.au

About the Company

Latitude Consolidated (ASX:LCD) is an ASX listed Perth based Resources company with a focus on acquiring and developing near term gold production assets as well advanced greenfields and brownfields gold projects predominantly in Western Australia. On 1[st] of September 2016 the Company announced that it had completed the acquisition of 100% of the issued capital of MGK Resources Pty Ltd which holds the Quinn Hills and Mt Ida South projects which are located approximately 110km west of Leonora in the Eastern Goldfields of Western Australia. On the 8[th] of September 2016 the company announced that it had acquired 80% of the Mt Ida South project from private vendors. The Company is putting together an experienced team that is actively seeking new projects in the region.

LATITUDE CONSOLIDATED LIMITED ACN 080 939 136 Ground Floor, 16 Ord Street, West Perth WA 6005 (t) 08 9482 0550 (w) www.latitudeconsolidated.com.au

JORC Code, 2012 Edition – Table 1 report

Section 1 Sampling Techniques and Data

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

Criteria	JORC Code explanation	Commentary
Sampling	 Nature and quality of sampling (eg cut channels, random chips, or	Reverse Circulation and Aircore drilling carried out by WildAcre (a
techniques	specific specialised industry standard measurement tools appropriate	previous holder of the leases) over several drilling campaigns from
	to the minerals under investigation, such as down hole gamma	2010-2012
	sondes, or handheld XRF instruments, etc). These examples should
	not be taken as limiting the broad meaning of sampling.
	 Include reference to measures taken to ensure sample representivity
	and the appropriate calibration of any measurement tools or systems	Drillhole locations were picked up by DGPS. Downhole surveys were
	used.	carried out with a single-shot camera in the RC holes to obtain the dip
	 Aspects of the determination of mineralisation that are Material to the	of the hole; azimuth was calculated from the set up of the hole.
	Public Report.
	 In cases where ‘industry standard’ work has been done this would be	Aircore and Reverse Circulation drilling carried out to collect 1m riffle
	relatively simple (eg ‘reverse circulation drilling was used to obtain 1	split or scoop samples, or 4m composite scoop samples which were
	m samples from which 3 kg was pulverised to produce a 30 g charge	then resampled on 1m intervals where anomalous gold values were
	for fire assay’). In other cases more explanation may be required,	returned. Samples were pulverised to produce a 40g charge for fire
	such as where there is coarse gold that has inherent sampling	assay with AAS finish.
	problems. Unusual commodities or mineralisation types (eg
	submarine nodules) may warrant disclosure of detailed information.
Drilling	 Drill type (eg core, reverse circulation, open-hole hammer, rotary air	Aircore drilling was used for the results quoted at the Matisse
techniques	blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple	prospect and Reverse Circulation drilling used for all other areas.
	or standard tube, depth of diamond tails, face-sampling bit or other	Aircore drilling was carried out by Goldfire Drilling, and RC drilling
	type, whether core is oriented and if so, by what method, etc).	carried out mainly by Ausdrill, with 3 of the holes quoted drillholes
		(WARC035, 037 and 039 drilled between the Forrest Belle and
		Boudie Rat pits) being drilled by K and J Drilling. No other details
		have been found regarding the drill bit sizes and other drilling
		information
Drill sample	 Method of recording and assessing core and chip sample recoveries	Sample recovery and quality (dry, moist, wet) was recorded within the
recovery	and results assessed.	geological logging.
	 Measures taken to maximise sample recovery and ensure	No information has been located to date by Latitude, however efforts
	representative nature of the samples.	are being made to obtain the data
	 Whether a relationship exists between sample recovery and grade	Unable to comment due to lack of information gathered. Historical drill
	and whether sample bias may have occurred due to preferential	data will continue to be sought, possibly from historical records and /
	loss/gain of fine/coarse material.	or reports

Criteria	JORC Code explanation	Commentary
Logging	 Whether core and chip samples have been geologically and	All holes were logged geologically by WildAcre geologists using the
	geotechnically logged to a level of detail to support appropriate	WildAcre geological logging codes. Latitude Consolidated believe the
	Mineral Resource estimation, mining studies and metallurgical	WildAcre geological records are of sufficient quality to support a
	studies.	Mineral Resource.
	 Whether logging is qualitative or quantitative in nature. Core (or
	costean, channel, etc) photography.	Logging of the RC and AC chips included lithology, weathering,
	 The total length and percentage of the relevant intersections logged.	colour, quartz veining, shearing and other pertinent features of the
		samples. It also included sample recovery and quality as mentioned
		above.
		All holes were logged in full.
Sub-sampling	 If core, whether cut or sawn and whether quarter, half or all core	No historical drill core, or drilling and sampling records have been
techniques	taken.	located by Latitude.
and sample	 If non-core, whether riffled, tube sampled, rotary split, etc and	Information has not been recorded other than whether the samples
preparation	whether sampled wet or dry.	were scooped with an aluminium scoop (all AC and some RC
	 For all sample types, the nature, quality and appropriateness of the	samples) or whether they were riffle split (most of the RC samples).
	sample preparation technique.	Sample quality recorded in the geological logging.
	 Quality control procedures adopted for all sub-sampling stages to	Certified standard samples, blank samples and field duplicate
	maximise representivity of samples.	samples were used by WildAcre during their drilling programs, but no
		QA/QC procedures have been found.
	 Measures taken to ensure that the sampling is representative of the	Database information on field duplicates indicates that the results
	in situ material collected, including for instance results for field	correlated well.
	duplicate/second-half sampling.
	 Whether sample sizes are appropriate to the grain size of the material	No information is available regarding the appropriateness of sample
	being sampled.	sizes to the grain size. It is assumed the primary samples from RC
		drilling were over 3kg in weight which is considered appropriate for
		Au mineralisation exhibiting a moderate to high nugget effect.
Quality of	 The nature, quality and appropriateness of the assaying and	Samples were analysed by KalAssay Laboratories in Kalgoorlie
assay data	laboratory procedures used and whether the technique is considered	except for the samples from drill holes WAAC002 (KalAssay Perth)
and	partial or total.	and WARC030 (KalAssay Leonora). The analytical method used was
laboratory		a 40g Fire Assay with AAS finish for gold only, which is considered to
tests		be appropriate for both the material and the mineralisation.
	 For geophysical tools, spectrometers, handheld XRF instruments, etc,	No geophysical programs were carried out.
	the parameters used in determining the analysis including instrument
	make and model, reading times, calibrations factors applied and their
	_derivation, etc. _

Criteria	JORC Code explanation	Commentary	Commentary
	 Nature of quality control procedures adopted (eg standards, blanks,		Standard samples, blank samples and field duplicate samples were
	duplicates, external laboratory checks) and whether acceptable levels		used by WildAcre during their drilling programs, but no QA/QC
	of accuracy (ie lack of bias) and precision have been established.		reports have been found that summarise the comparative results.
			The Mineral Resource report (2013) makes no mention of adverse
			results.
Verification of	 The verification of significant intersections by either independent or		No information was recorded by previous operators regarding these
sampling and	alternative company personnel.		points.
assaying	 The use of twinned holes.		Wild Acre drilled 57 RC holes to verify the historical drilling, in terms
	 Documentation of primary data, data entry procedures, data		of downhole location of mineralisation intervals and the tenor of Au
	verification, data storage (physical and electronic) protocols.		grades.
	 Discuss any adjustment to assay data.		Wild Acre stored all drill data in a validated relational database. This
			database was imported into Micromine as a separate database to
			support the Mineral Resource. This database was also validated.
			No adjustments are known to have been made to any data.
Location of	 Accuracy and quality of surveys used to locate drill holes (collar and		Grid Projection is GDA94, Zone 51
data points	down-hole surveys), trenches, mine workings and other locations		Hole locations were picked up by WildAcre using a DGPS.
	used in Mineral Resource estimation.		No information has been found on any other topographic control.
	 Specification of the grid system used.
	 Quality and adequacy of topographic control.
Data spacing	 Data spacing for reporting of Exploration Results.		Drill lines are variably spaced, depending on the prospect area and
and	 Whether the data spacing and distribution is sufficient to establish the		how far advanced the prospect is.
distribution	degree of geological and grade continuity appropriate for the Mineral		Drill spacing and distribution is sufficient to establish the degree of
	Resource and Ore Reserve estimation procedure(s) and		geological and grade continuity appropriate for the Mineral Resource
	classifications applied.		estimates.
	 Whether sample compositing has been applied.		Drill spacing varies per deposit as per the following:
			Boudie Rat 10m x 10m to 40m x 20m
			Forrest Belle 10m x 10m to 40m x 40m
			Boudie West 100 m x 15 m
			Belvidere 25m x 12.5m
			Boudie beach 12.52m x 12.5m
			Quinns 40m x 12.5m
			Matisse East 50m x 15m
			Matisse West 50m x 15m
			Tims Find 40m x 20m
			Spotted Dog N 200m x 20m
			Spotted Dog S 80m x 20 m

Criteria	JORC Code explanation	Commentary
		It is unknown if samples were composited at time of collection.
Orientation of	 Whether the orientation of sampling achieves unbiased sampling of	The orientation of the drilling is approximately perpendicular to the
data in	possible structures and the extent to which this is known, considering	strike of the regional geology. Drilling is a mixture of vertical holes
relation to	the deposit type.	and angled holes drilled either grid west (270) or grid east (90),
geological		depending on the individual prospect area.
structure	 If the relationship between the drilling orientation and the orientation	The orientation of the drilling appears to be perpendicular to the strike
	of key mineralised structures is considered to have introduced a	of the mineralisation in the various prospects drilled.
	sampling bias, this should be assessed and reported if material.
Sample	 The measures taken to ensure sample security.	No information was recorded by the historical operators
security
Audits or	 The results of any audits or reviews of sampling techniques and data.	No information was recorded by the historical operators.
reviews

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, location and ownership including	There appears to be no Native Title Agreements over any of the
tenement and	agreements or material issues with third parties such as joint	current tenements and that No valid registered or determined claims
land tenure	ventures, partnerships, overriding royalties, native title interests,	that effect the tenements. However, the area comes under the
status	historical sites, wilderness or national park and environmental	Goldfields Land & Sea Council who may express an interest in the
	settings.	future.
	 The security of the tenure held at the time of reporting along with any	The tenure listed herein is in the process of being brought up to date
	known impediments to obtaining a licence to operate in the area.	and will be in good standing with the West Australian Department of
		Mines and Petroleum (“DMP”) within the coming weeks.
Exploration	 Acknowledgment and appraisal of exploration by other parties.	The project area has an extensive exploration history dating back to
done by other		the late 1800’s when Forrest Belle and Boudie Rat were mined
parties		(predominantly underground) intermittently from 1898-1941. During
		the1980’s key exploration work for gold was carried out by Spargos
		Exploration NL and Austamax Resources (later to become Australian
		Consolidated Minerals). In 1996 Consolidated Gold Mines purchased
		theQuinn’sproject and subsequentlywent onto receivership;

Criteria	JORC Code explanation	Commentary
		management passed to Arrow Resource Management (on behalf of
		Rothschild Australia), and through Australian Gold Mines NL, Arrow
		mined the open pits at Forrest Belle and Boudie Rat to a maximum
		25m vertical depth between January and March 1997. Reported
		production was 28,234t @ 3.4g/t for 3,086oz at Forrest Belle, and
		42,681t @ 4.16g/t for 5,709oz at Boudie Rat. In 2000 Barra
		Resources purchased the project from Arrow and carried out
		extensive data compilation, some minor drilling and a low-level
		aeromagnetic survey. Sipa Resources managed the project between
		2004 and 2006 when Barra resumed management. The project was
		sold to Wild Acre Metals in 2009, who carried out a further 456 RAB,
		Aircore and RC holes across the project as a whole. Prior to the data
		compilation carried out by Barra Resources, comprehensive
		collection of drilling and sampling metadata was not practiced. The
		drillholes quoted in this release primarily comprise holes drilled prior
		to the comprehensive data collection around the known resources.
		MGK Resources Pty Ltd acquired the project from Wild Acre (now
		Nuheara) on 2ndMarch 2016
		Latitude Consolidated (LCD) exercised an option to acquire 100% of
		the issued capital of MGK Resources as announced to the ASX on
		the 26thof July 2016. Once historical data review is completed, LCD
		will undertake further exploration work.
Geology	 Deposit type, geological setting and style of mineralisation.	The deposits and nearby prospects are located in the Archaean
		Yilgarn Greenstone Belt of WA, more specifically within the northern
		portion of the Mount Ida Greenstone Belt forming the eastern limb of
		the regional south plunging Copperfield Anticline. The geology
		comprises Archaean mafic to ultramafic lithologies bounded by
		granitic intrusions, and the region has been metamorphosed to lower
		amphibolite facies. A major shear zone, interpreted to be the Zuleika
		Shear, intersects the eastern part of the project area. Much of the
		project area is covered by colluvial and alluvial deposits, with
		thickness ranging from <1m to tens of metres. Gold mineralisation in
		the area is associated with quartz veining +/- sulphides within
		sheared ultramafic and mafic units; along the Zuleika Shear gold is
		often found in quartz/pyrite lodes which are typically enveloped by
		tremolite schist, within intensely sheared amphibolites.
Drill hole	 A summary of all information material to the understanding of the	All RC and diamond core, validated drill hole results were used to
Information	exploration results including a tabulation of the following information	support the Mineral Resource model, and the model and resource

Criteria	JORC Code explanation	Commentary
	for all Material drill holes:	classification reflects this data.
	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, weighting averaging techniques,	Grades are reported as down-hole length weighted averages, with no
aggregation	maximum and/or minimum grade truncations (eg cutting of high	top cut applied on the reporting of the assay grades.
methods	grades) and cut-off grades are usually Material and should be stated.	Only those intercepts deemed to be significant are given in this
	 Where aggregate intercepts incorporate short lengths of high grade	report.
	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.	No metal equivalent values are used.
Relationship	 These relationships are particularly important in the reporting of	The results reported are downhole lengths only; true width of the
between	Exploration Results.	mineralisation has yet to be determined.
mineralisation	 If the geometry of the mineralisation with respect to the drill hole
widths and	angle is known, its nature should be reported.
intercept lengths	 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 scales) and tabulations of	Refer to Figures in the body of the text from previous LCD
	intercepts should be included for any significant discovery being	announcements (ASX releases dated 26thJuly 2016, 29thJuly 2016)
	reported These should include, but not be limited to a plan view of	for relevant plans and sectional views.
	_drill hole collar locations and appropriate sectional views. _
Balanced	 Where comprehensive reporting of all Exploration Results is not	A more comprehensive table of results will be provided later when it
reporting	practicable, representative reporting of both low and high grades	has been compiled and verified.
	and/or widths should be practiced to avoid misleading reporting of
	_Exploration Results. _
Other	 Other exploration data, if meaningful and material, should be reported	Drill hole data is reported on aerial photographs and interpreted
substantive	including (but not limited to): geological observations; geophysical	geology showing the extent of previous open-cut mining, interpreted
	survey results; geochemical survey results; bulk samples – size and	mineralised shears and interpreted anomalous end-of-hole historic

Criteria	JORC Code explanation	Commentary
exploration	method of treatment; metallurgical test results; bulk density,	RAB gold results.
data	groundwater, geotechnical and rock characteristics; potential
	_deleterious or contaminating substances. _
Further work	 The nature and scale of planned further work (eg tests for lateral	Confirmation and interpretation of historic work continues to be
	extensions or depth extensions or large-scale step-out drilling).	carried out by Latitude Consolidated.
	 Diagrams clearly highlighting the areas of possible extensions,	Ongoing exploration work, which will include further drilling to confirm
	including the main geological interpretations and future drilling areas,	and extend existing targets where appropriate is planned for late
	provided this information is not commercially sensitive.	September 2016.

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)

Criteria	JORC Code explanation	Commentary
Database	 Measures taken to ensure that data has not been corrupted by, for	Wildacres completed a systematic compilation of all previous data
integrity	example, transcription or keying errors, between its initial collection	into a relational database in 2012. This database was subsequently
	and its use for Mineral Resource estimation purposes.	imported into Micromine where a database was produced, used to
	 Data validation procedures used.	support the Mineral Resource estimate.
		Micromine’s in-built suite of database validation tools tested for
		overlapping intervals, excessive drillhole flexure, length of drillhole
		exceeding the recorded total depth, and others.
Site visits	 Comment on any site visits undertaken by the Competent Person and	A representative of the Competent Person has visited site in 2016,
	the outcome of those visits.	inspecting project geology, drill sites, infrastructure and mining voids.
	 If no site visits have been undertaken indicate why this is the case.	Randomly selected drill collars were surveyed with a handheld GPS
		and compared to the drill hole database, with no significant deviation
		noted. The geological exposure as observed in the open pits
		conforms to the interpreted geological models used to support the
		Mineral Resource estimate.
Geological	 Confidence in (or conversely, the uncertainty of ) the geological	The Mineral Resources are located in an historical mining area, with
interpretation	interpretation of the mineral deposit.	open cut mines, costeans and underground workings prevalent.
	 Nature of the data used and of any assumptions made.	Geological exposure in these were used to guide the geological
	 The effect, if any, of alternative interpretations on Mineral Resource	interpretation, with drill holes used to support the interpretation below
	estimation.	the depths of mining.
	 The use of geology in guiding and controlling Mineral Resource	Reverse circulation (RC) and diamond drilling (DD) were used
	estimation.	estimate grades into the Mineral Resource estimate. Aircore drilling
	 The factors affecting continuity both of grade and geology.	was also used to assist with the geological interpretations for the mineralisation and weathering domains.
		No alternative interpretations were considered.
		Geological intercepts guided the geological interpretation, with the
		grade domains constrained by a grade envelope, based upon
		assayed Au (g/t) grades.
		Geological continuity was observed in the open cut geological
		exposure and influenced the interpretation of the mineralisation
		models.
Dimensions	 The extent and variability of the Mineral Resource expressed as	Eleven block models were constructed, one for each deposit
	length (along strike or otherwise), plan width, and depth below	reported. Strike lengths vary from 100 m to 600 m (Forrest Belle),
	surface to the upper and lower limits of the Mineral Resource.	plan widths between 10 m and 60 m, and depth below surface
		ranging from 65 m to 200 m.

Criteria	JORC Code explanation	Commentary
Estimation	 The nature and appropriateness of the estimation technique(s)	The Mineral Resource estimate was divided into 11 block models for
and modelling	applied and key assumptions, including treatment of extreme grade	the purpose of grade estimation. The Au domain wireframes were
techniques	values, domaining, interpolation parameters and maximum distance	constructed in MicroMine by Wild Acre Metals Ltd (the previous
	of extrapolation from data points. If a computer assisted estimation	owner of the property).
	method was chosen include a description of computer software and	Micromine software was used for all processes, including drill hole
	parameters used.	database, geological interpretation, wireframing, block model
	 The availability of check estimates, previous estimates and/or mine	construction, grade interpolation, Mineral Resource classification and
	production records and whether the Mineral Resource estimate takes	reporting of the Mineral Resource estimate.
	appropriate account of such data.	The interpretation of the mineralisation domains was carried out at a
	 The assumptions made regarding recovery of by-products.	nominal 0.5 g/t cut off. Sections normal to the trend of the
	 Estimation of deleterious elements or other non-grade variables of	mineralisation were generated and outlines interpreted. The individual
	economic significance (eg sulphur for acid mine drainage	outlines were connected with tie lines and wireframe solids of the
	characterisation).	individual mineralised zones were produced with a total of 15 solids
	 In the case of block model interpolation, the block size in relation to	produced. The solids contain up to 4 metres of internal dilution
	the average sample spacing and the search employed.	(downhole) so as to establish shapes which allow continuity between
	 Any assumptions behind modelling of selective mining units.	sections. Solids were validated using Micromine validation tools.
	 Any assumptions about correlation between variables.  Description of how the geological interpretation was used to control the resource estimates.	Depth extent was carefully considered and the volumes did not extend down dip beyond a limit considered reasonable by the Competent Person.
	 Discussion of basis for using or not using grade cutting or capping.  The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation data if available.	A weathering surface representing top of fresh rock was modelled based upon drill logs of weathering event, and built into the block models. The weathering domains were used to assign density values. A total of 1,012 RC holes (48,240 m) and 30 DD holes (3,189 m)
		support the Mineral Resource estimate. These figures include 57 RC
		holes (6,397 m) drilled by Wild Acre to verify historical drill hole
		locations and tenor of mineralisation. 225 aircore holes support the
		geological interpretation.
		Quality assurance and quality control (QA/QC) programs were used
		for the Wild Acre drilling, with certified standards, laboratory
		standards, field duplicates, laboratory duplicates, repeats, blanks and
		grind size analysis monitored. QA/QC results from the historical
		drilling are currently being sought, however the recent drilling has
		verified the historical sample grades, such that the Competent Person
		was satisfied they could be used to support the Mineral Resource
		estimate.
		Drill samples were flagged by the mineralisation and weathering
		domains they are located in.
		Drill samples were statistically analysed by geological domains and
		topcuts were applied where necessary. A topcut of 20g/t was

Criteria	JORC Code explanation	Commentary
		applied to all the drill samples constrained within the mineralisation
		envelopes prior to grade interpolation. This top cut was determined by
		statistical analyses of the sample assays.
		11 block models with parent cell sizes 2 m x 5 m x 2.5 m (Easting,
		Northing, RL) were constructed for each deposit, compared to typical
		drill spacing ranging from 10 m (E) x 10 m (Y) to 40 m (E) x 12.5 m
		(Y) within the Measured and Indicated volumes. The block sizes were
		chosen to best fit the Measured volume drill spacing. Subcelling was
		used to ensure the wireframe domains were adequately filled with
		blocks.
		Grade was interpolated using inverse distance to the power of 3
		(ID3). A variety of search ellipse orientations were used for the grade
		interpolation parallel to the strike and dip of the mineralisation all with
		a standard search radius. Grade interpolation was run within the
		individual mineralisation domains acting as hard boundaries.
		A density of 2.0 t/m3was assumed for the oxide and a density of 2.6
		t/m3assumed for the fresh material. These are considered
		reasonable by the Competent Person, for the host rock units and
		style of mineralisation.
		The block models were depleted in volume according to the mining
		voids present.
		The block models were validated by comparing the block model
		grades with adjacent drill hole grades, in cross section.
		Records of historical and recent mining were compared against the
		Mineral Resource estimate, however the mining records lacked detail
		to allow for a meaningful reconciliation.
		No deleterious by products were modelled.
Moisture	 Whether the tonnages are estimated on a dry basis or with natural	Tonnages are estimated on a dry basis.
	_moisture, and the method of determination of the moisture content. _
Cut-off	 The basis of the adopted cut-off grade(s) or quality parameters	A reporting cut-off grade of 1.0 g/t Au was used to report the Mineral
parameters	applied.	Resource, and is considered a reasonable value for an open pit Au
		deposit in the Eastern Goldfields, close to infrastructure. The
		geological domains extend to a maximum depth of 150 m below
		surface.

Criteria	JORC Code explanation	Commentary
Mining factors	 Assumptions made regarding possible mining methods, minimum	The geological interpretations allowed for up to 4 m of downhole
or	mining dimensions and internal (or, if applicable, external) mining	dilution. No other mining assumptions were made.
assumptions	dilution. It is always necessary as part of the process of determining	The Competent Person believes the Mineral Resource as reported
	reasonable prospects for eventual economic extraction to consider	has a reasonable chance of eventual economic extraction due to its
	potential mining methods, but the assumptions made regarding	proximity to infrastructure (near Leonora, W.A.).
	mining methods and parameters when estimating Mineral Resources
	may not always be rigorous. Where this is the case, this should be
	reported with an explanation of the basis of the mining assumptions
	_made. _
Metallurgical	 The basis for assumptions or predictions regarding metallurgical	No metallurgical studies have been completed at this stage. It is
factors or	amenability. It is always necessary as part of the process of	intended to undertake a full metallurgical study when further resource
assumptions	determining reasonable prospects for eventual economic extraction to	work is undertaken and a decision to mine is made.
	consider potential metallurgical methods, but the assumptions
	regarding metallurgical treatment processes and parameters made
	when reporting Mineral Resources may not always be rigorous.
	Where this is the case, this should be reported with an explanation of
	_the basis of the metallurgical assumptions made. _
Environmen-	 Assumptions made regarding possible waste and process residue	No environmental studies have been completed at this stage. It is
tal factors or	disposal options. It is always necessary as part of the process of	intended to undertake a full environmental study when further
assumptions	determining reasonable prospects for eventual economic extraction to	resource work is undertaken and a decision to mine is made.
	consider the potential environmental impacts of the mining and
	processing operation. While at this stage the determination of
	potential environmental impacts, particularly for a greenfields project,
	may not always be well advanced, the status of early consideration of
	these potential environmental impacts should be reported. Where
	these aspects have not been considered this should be reported with
	_an explanation of the environmental assumptions made. _
Bulk density	 Whether assumed or determined. If assumed, the basis for the	Bulk densities are assumed based upon the Competent Person’s
	assumptions. If determined, the method used, whether wet or dry, the	knowledge of Eastern Goldfields rock types. A density of 2.0 t/m3was
	frequency of the measurements, the nature, size and	assumed for the oxide and a density of 2.6 t/m3assumed for the fresh
	representativeness of the samples.	material.
	 The bulk density for bulk material must have been measured by
	methods that adequately account for void spaces (vugs, porosity,
	etc), moisture and differences between rock and alteration zones
	within the deposit.
	 Discuss assumptions for bulk density estimates used in the
	_evaluation process of the different materials. _
Classification	 The basis for the classification of the Mineral Resources into varying	Classification of the Mineral Resource estimate was based upon drill
	_confidence categories. _	hole spacing,confidence in thegeological interpretations,open cut

Criteria	JORC Code explanation	Commentary
	 Whether appropriate account has been taken of all relevant factors (ie	exposure of geology to support the interpretations, QA/QC of Wild
	relative confidence in tonnage/grade estimations, reliability of input	Acre drilling and confidence in the bulk density values assigned to the
	data, confidence in continuity of geology and metal values, quality,	block models.
	quantity and distribution of the data).	The results appropriately reflect the Competent Person’s view of the
	 Whether the result appropriately reflects the Competent Person’s	deposits.
	_view of the deposit. _
Audits or	 The results of any audits or reviews of Mineral Resource estimates.	The Mineral Resource estimates were reviewed by Wild Acre
reviews		technical staff when they were prepared. No other audits or reviews
		have been documented.
Discussion of	 Where appropriate a statement of the relative accuracy and	The Mineral Resource is considered to be a global resource for both
relative	confidence level in the Mineral Resource estimate using an approach	the Measured, Indicated and Inferred Mineral Resource estimations.
accuracy/	or procedure deemed appropriate by the Competent Person. For	The relative accuracy and confidence of the Mineral Resource
confidence	example, the application of statistical or geostatistical procedures to	estimate is high in the Measured volumes, ranging to lower
	quantify the relative accuracy of the resource within stated confidence	confidence in the Inferred volumes. The host geological units may
	limits, or, if such an approach is not deemed appropriate, a qualitative	pinch and swell along strike or down dip, which will impact upon
	discussion of the factors that could affect the relative accuracy and	estimated tonnages. High or low grade shoots are likely to be present
	confidence of the estimate.	within the mineralisation domains and may fall within the non-drilled
	 The statement should specify whether it relates to global or local	regions. Close spaced grade control drilling at time of mining will
	estimates, and, if local, state the relevant tonnages, which should be	better delineate these variables.
	relevant to technical and economic evaluation. Documentation should	The production data provided for review lacks sufficient detail to allow
	include assumptions made and the procedures used.	a reconciliation of the resource model with mining.
	 These statements of relative accuracy and confidence of the estimate
	_should be compared with production data, where available. _