MEEKA METALS LIMITED — Capital/Financing Update 2017

Feb 8, 2017

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ASX Announcement
9 February 2017
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SIGNIFICANT NEW GOLD TARGETS IDENTIFIED AT MT IDA

Recent technical review and field reconnaissance reveals significant new prospects within JV ground with historical ore grade drill intercepts, historical workings and highly prospective geology

HIGHLIGHTS:

• Several exciting new exploration prospects identified within newly acquired JV ground in the Mt Ida belt, including:

• Shephard’s Bush – thick intercepts from limited wide-spaced historical drilling including 21m @ 1.38g/t from 28m and 34m @ 1.05g/t from 54m , requiring immediate follow-up;

• Golden Ridge – limited drilling around historical workings along the strongly mineralized Ballard Shear; and

• Wedgetail – Golden Ridge prospect strike extension with limited historical drilling .

• Golden Ridge and Wedgetail prospects represent a small portion of a 7km stretch of the highly mineralized Ballard Shear that is underexplored

• New prospects to be tested along with other previously announced targets as part of upcoming drilling programs (see ASX Announcement – 1 February 2017)

WA-focused gold exploration company Latitude Consolidated Limited (ASX: LCD) (“Latitude” or “the Company”) is pleased to advise that it has identified a number of highly prospective new exploration targets located on recently acquired joint venture ground within the Mt Ida district of Western Australia (see Figure 1).

The targets, which were identified during a technical exploration review, include prospects with significant historical ore grade intercepts, extensive historical workings and highly prospective geological structures.

Several of the prospects have been prioritised for immediate follow-up work and drilling, and will be drill tested as part of the major upcoming exploration program at Mt Ida which set to commence next month (see ASX Announcement – 1 February 2017).

The highest priority regional targets have been verified from a recent field trip and include a number of prospects that lie on or in very close proximity to the Ballard Fault – namely, the Golden Ridge, Golden Ridge North and Wedgetail prospects.

The Shephard’s Bush prospect is also considered to be an important area which will be prioritized during follow-up location given its strategic location just 2km south of Latitude’s Spotted Dog South gold resource. Previous drilling at this prospect has returned wide low grade intercepts from within the weathered profile of the banded iron unit and associated sediments.

Latitude’s Chief Executive Officer Michael Edwards said the Company was encouraged by the discovery of these significant and highly prospective new targets, which further validated its decision to become a major player within the Mt Ida district.

“It has become abundantly clear after just a few months of concerted exploration activity and reviews just how under-explored this region is,” Mr Edwards said.

ASX Code: LCD ABN 23 080 939 135 CORPORATE STRUCTURE (as at 31 December 2016) Ground Floor E: info@latitudeconsolidated.com.au Shares on Issue: 85.8M 16 Ord Street T: +61 8 9482 0550 Options on Issue: 12M West Perth WA 6005 F: +61 8 9482 0505 Performance Shares: 4M www.latitudeconsolidated.com.au Performance Rights: 5M PO Box 902 Debt: Nil West Perth WA 6872 Follow us on Twitter @LCD_IR Cash (Approx.): $0.55M

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“Many of these areas have barely been touched in over three decades, and we are finding thick ore grade intercepts that have simply never been followed up,” he added. “The newly identified targets complement the more advanced resource expansion opportunities which we announced recently, and which will be tested in our upcoming exploration programs.

“Our technical reviews are ongoing, and we expect to identify more targets in the coming weeks that will ensure we have an extremely well-stocked pipeline of exploration opportunities once we start drilling next month.”

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Figure 1: Latitude Consolidated current tenement holdings – Mt Ida District Western Australia

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Further detail on each of the new prospects is provided below.

Shephard’s Bush Prospect

The best results returned from historical RC and aircore drilling at Shephard’s Bush include:

• 21m @ 1.38 g/t Au from 28m (IDR651)

• 34m @ 1.05g/t Au from 54m (IDRC050)

• 35m @ 0.93 g/t Au from 47m (IDRC046)

• 19m @ 0.75 g/t Au from 57m (IDRC045)

• 12m @ 0.84g/t Au from 49m (IDAC001)

The Shephard’s Bush prospect was discovered from regional geochemical sampling (200m x 50m) with the greater than 20ppb gold contour defining an anomaly of the dimensions of approximately 650m x 650m. The peak value returned from soil sampling was 149ppb Au.

This anomaly was subsequently drill tested with RAB and RC drilling on a 200m x 20m (RAB) and 200m x 50m (RC). RC drilling has only been completed on two east-west sections 200m apart. A single diamond drill hole (312.5m) has been completed at this prospect and was aimed at intersecting mineralisation within the fresh rock profile. This hole contained abundant massive sulphides and alteration with only narrow intervals of anomalous gold to a maximum of 0.23g/t Au.

The weathering profile at Shephard’s Bush is relatively deep and has been logged to a maximum down-hole depth of 92m (~80m below the surface). RC drilling results suggests that there is a broad zone of low-level supergene anomalism associated with hematite alteration and silicification.

This prospect lies immediately adjacent to a major NE trending cross-fault that disrupts the Spotted Dog BIF horizon and is responsible for the deeper weathering profile in this vicinity. The gold mineralisation and anomalism intersected by the previous drilling indicates that gold bearing fluids may have been introduced into the sulphiderich host horizon near the intersection with the mineralisation aligned on the fault itself.

The significant level of anomalism here requires immediate follow up in-fill aircore traverses, with the aim of defining a significant zone of higher-grade oxide mineralisation.

The Shephard’s Bush prospect is particularly exciting as it may suggest that given the right set of conditions the Spotted Dog style of mineralisation (BIF hosted and relatively narrow) has the potential to form a large tonnage (wide intersections), low grade gold mineralisation (more uniformly mineralised) where the horizon is structurally disrupted. The Spotted Dog (Melville Chert horizon) extends for a distance of approximately 10km with LCD and LCD JV tenements.

The location of the drill holes at the Shephard’s Bush prospect is shown in Figure 2.

All significant results from the previously completed drilling have been compiled and are presented in Appendix 1- Table 1 and Table 2.

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Figure 2 : Soil sampling results and previous drilling completed at Shephard’s Bush prospect on a background of regional (RTP-East) aeromagnetics.

Note: IDR prefix = RAB, IDAC prefix = aircore, IDRC prefix = RC and IDDD prefix = diamond drilling

The Golden Ridge, Golden Ridge North, Wedgetail and Black Kite prospects are all hosted within a major shear zone (the Ballard Fault), which lies along the eastern contact of the Mt Ida Greenstones and the granite gneisses to the west.

Generally, the mineralisation at these prospects is associated with quartz veining and sheared selvages within basalt or amphibolite host rock. They have the potential to host high grade steeply plunging gold lodes similar to that has been delineated at Latitude’s Quinn Hills deposit (7.5km to the north).

Other known gold prospects located along the Ballard fault in this vicinity include Kestral and Bell Bird (excised).

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Golden Ridge Prospect

The mineralisation at the Golden Ridge prospect is hosted within a major shear zone (Ballard Fault). A line of old workings was noted in this area over a distance of approximately 250m. A shallow open stope is evident and extends for approximately 60m (Figure 3). The mineralisation at Golden Ridge is reported to be associated with a quartz porphyry lode and quartz stringers and lenses.

Previous drilling in 1987 included 12 shallow RC drill holes (GRRC6 – GRRC17) testing this line of workings. The maximum hole depth drilled in this drilling campaign was 65m. The significant results returned from the initial composite (4m) sampling returned were:

• 4m @ 1.31g/t Au from 40m (GRRC7)

• 4m @ 1.04g/t Au from 4m(GRRC13)

• 4m @ 0.49g/t Au from 48m (GRRC16)

The significant results from the 1m split samples from the anomalous 4m intervals listed below and are detailed in Appendix 1, Table 2:

• 1m @ 4.87g/t Au from 41m (GRRC7)

• 1m @ 2.68g/t Au from 43m(GRRC7)

• 1m @ 1.65g/t Au from 49m (GRRC13)

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Figure 3: Golden Ridge historical workings (open stope) – looking south

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Wedgetail Prospect

Previous exploration completed at the Wedgetail prospect has determined that gold mineralisation is associated with a moderately east dipping zone of pyritic quartz (siliceous zone) bounded by chlorite / talc schists. During this period, Norgold drilled a total of eight RC holes along four sections, confirming the presence of narrow gold mineralisation. The best intersection from this program was 2m @ 5.85g/t Au.

The Company has also identified a number of additional highly prospective targets within the Mt Ida JV Project area, including Shepherd’s Bush, Wedgetail, Golden Ridge North and Golden Ridge, all of which will be further evaluated in the upcoming exploration program.

The Golden Ridge and Wedgetail prospects represent a small portion of the mineralised Ballard Fault that remains largely underexplored in this part of the world.

There is a further 3.5 km of relatively untested strike of the Ballard Fault within LCD’s E29/790 and LCD’s JV E29/973 tenements which represents significant scope for further discoveries.

Field Reconnaissance

A field reconnaissance trip was recently completed by Latitude’s exploration team to locate and investigate the newly discovered prospects located on the Company’s JV ground at Mt Ida.

Activities included the validation of drill holes and their location, sampling of unrecorded and untested historical workings, rock chip sampling and rehabilitation monitoring.

In addition to known prospects, a number of old workings were located which have not been tested with drilling. These workings appear to be related to shearing (in mafics, felsics and granite lithologies) and quartz veining located on the margins or in close proximity to large quartz blows.

For further information please contact:

Michael Edwards Chief Executive Officer

(p) 08 9482 0550

(e) medwards@latitudeconsolidated.com

About Latitude Consolidated:

Latitude Consolidated (ASX: LCD) is an ASX-listed Perth-based resources company with a focus on exploring and developing high grade gold projects within the Mt Ida region. Latitude has recently expanded its land-holding in the region to 312km[2] and it is continuing to review acquisitions in the area as part of its strategy to consolidate a significant gold inventory.

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Competent Person Statement

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.

The information in this document that relates to exploration results is based upon information compiled by Mr Alan Downie, a Consultant to Latitude Consolidated Limited. Mr Downie is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Downie consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

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ASX Announcement
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APPENDIX 1

Tabulated Significant Historical Results from Previous Drilling at Regional Prospects on LCD JV Ground - Mt Ida.

Shephard’s Bush Prospect

Hole	Drill	East	North	RL	Total					Interval
ID	Type	GDA94	GDA94	(nominal)	Depth (m)	Dip	Azimuth	From (m)	To (m)	(m)	Au(g/t)	Comments
IDDD005	DDH	259890	6767780	470	312.52	-60	270	80	84	4	0.64
IDDD005	DDH							90	92	2	0.17
IDDD005	DDH							109	112	3	0.11
IDDD005	DDH							117	120	3	0.14
IDDD005	DDH							122	125	3	0.11
IDDD005	DDH							127	128	1	0.1
IDDD005	DDH							161	163	2	0.16
IDDD005	DDH							166	171	5	0.14
IDDD005	DDH							192	193	1	0.12
IDDD005	DDH							195	196	1	0.14
IDDD005	DDH							213	214	1	0.1
IDDD005	DDH							222	223	1	0.12
IDDD005	DDH							226	231	5	0.15
IDDD005	DDH							237	238	1	0.11
IDDD005	DDH							239	240	1	0.11
IDDD005	DDH							249	250	1	0.11
IDAC001	Aircore	259747	6767781	470	64	-60	270	49	61	12	0.84*	Combination of 1m and 4m samples
							incl	49	50	1	6.62
IDR622	RAB	259904	6767783	470	74	-60	270	68	72	4	0.16	4m composite
IDR623	RAB	259863	6767783	470	58	-60	270	16	20	4	0.14
								32	33	1	0.36
								44	48	4	1.01	1m samples
								52	58	6	0.5	EOH

Hole	Drill	East	North	RL	Total					Interval
ID	Type	GDA94	GDA94	(nominal)	Depth (m)	Dip	Azimuth	From (m)	To (m)	(m)	Au(g/t)	Comments
IDR624	RAB	259840	6767785	470	38	-60	270				NSA
IDR625	RAB	259822	6767784	470	30	-60	270	24	30	6	0.22
IDR626	RAB	259803	6767786	470	62	-60	270	20	44	24	0.29	Combination of 1m and 4m samples
								56	60	4	0.13	4m composite
IDR627	RAB	259894	6767986	470	56	-60	270	0	4	4	0.18	4m composite
IDR628	RAB	259603	6767778	470	67	-60	270				NSA
IDR629	RAB	259641	6767780	470	50	-60	270	0	8	8	0.24	Combination of 1m and 4m samples
IDR651	RAB	259768	6767783	470	49	-60	270	28	49	21	1.38	EOH
							incl	37	46	9	2.59
IDRC044	RC	259678	6767780	470	100	-60	270	0	32	32	0.33	Combination of 1m and 4m samples
IDRC045	RC	259733	6767780	470	120	-60	270	57	76	19	0.75
								85	87	2	0.51
								89	104	15	0.23
IDRC046	RC	259788	6767780	470	120	-60	270	0	4	4	0.1
								16	20	4	0.22
								47	82	35	0.93
							incl	47	49	2	3.54
								52	53	1	1.19
								57	60	3	1.33
								65	70	5	1.4
IDRC047	RC	259833	6767780	470	120	-60	270	16	44	28	0.12	4m composite
								69	116	47	0.24	Combination of 1m and 4m samples
							incl	75	77	2	1.9
								91	98	7	1.62
								102	105	3	1.39
IDRC048	RC	259883	6767780	470	120	-60	270	64	68	4	0.3	4m composite
								100	104	4	0.16	4m composite
IDRC049	RC	259815	6767980	470	96	-60	270	0	56	56	0.49	Combination of 1m and 4m samples
							incl	7	12	5	1.19
								28	29	1	4.07
								36	39	3	1.31

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Hole	Drill	East	North	RL	Total					Interval
ID	Type	GDA94	GDA94	(nominal)	Depth (m)	Dip	Azimuth	From (m)	To (m)	(m)	Au(g/t)	Comments
								40	41	1	1
							AND	60	64	4	0.13
							AND	69	80	11	0.27	Combination of 1m and 4m samples
IDRC050		259865	6767980	470	100	-60	270	0	4	4	0.16
								8	11	3	0.25
								24	52	28	0.35
								54	88	34	1.05
							incl	54	56	2	2.79
								58	59	1	1.02
								60	61	1	1.5
								72	73	1	1.17
								75	83	8	2.1	incl 2m @ 4.24g/t from 78m
							AND	90	100	10	0.3

Table 1: Significant results returned from previous drilling at Shephard’s Bush prospect

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Golden Ridge Prospect

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Hole Number	Easting (local)	Northing (local)	RL (nominal)	Azimuth	Dip	From	To	Interval	Grade g/t Au
GRRC7	4900	4804	443	075	-60	40	41	1	0.73
						41	42	1	4.87
						42	43	1	0.38
						43	44	1	2.68
						44	45	1	0.63
						45	46	1	0.05
						46	47	1	0.47
						47	48	1	1.01
						48	49	1	0.03
GRRC13	4700	4836	443	075	-60	0	1	1	0.88
						1	2	1	0.12
						2	3	1	0.15
						3	4	1	0.14
						4	5	1	4.29
						5	6	1	0.26
						6	7	1	0.07
						7	8	1	0.05
GRRC16	4500	4826	443	075	-60	48	49	1	0.03
						49	50	1	1.65
						50	51	1	0.06

Table 2: Significant 1m splits from historic RC drilling Golden Ridge prospect.

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JORC Code, 2012 Edition – Table 1 – New Gold Targets Mt Ida

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	 Mixture of RC, RAB, AC and DDH drilling, minimal further
techniques	chips, or specific specialised industry standard measurement	information has been found in historical reports as to drill
	tools appropriate to the minerals under investigation, such as	sizes, sampling methods and recoveries etc.
	down hole gamma sondes, or handheld XRF instruments, etc).	 RC Drilling at Shephard’s Bush prospect was completed in
	These examples should not be taken as limiting the broad	2006 by La Mancha Resources Pty Ltd.
	meaning of sampling.
	 Include reference to measures taken to ensure sample
	representivity and the appropriate calibration of any
	measurement tools or systems used.
	 Aspects of the determination of mineralisation that are
	Material to the Public Report.
	 In cases where ‘industry standard’ work has been done this
	would be relatively simple (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 circulation, open-hole hammer,	 Mixture of RC, RAB, AC and DDH drilling, minimal further
techniques	rotary air blast, auger, Bangka, sonic, etc) and details (eg core	information given. Drilling at Shephard’s Bush prospect in
	diameter, triple or standard tube, depth of diamond tails,	2006 consisted of RAB, RC and diamond drill techniques.
	face-sampling bit or other type, whether core is oriented and
	_if so, by what method, etc). _
Drill sample	 Method of recording and assessing core and chip sample	 No information recorded.
recovery	recoveries and results assessed.
	 Measures taken to maximise sample recovery and ensure
	representative nature of the samples.

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Criteria	JORC Code explanation	Commentary
	 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.
Logging	 Whether core and chip samples have been geologically and	 All holes were logged geologically.
	geotechnically logged to a level of detail to support	 Geological logging, where recorded, includes a lithology and
	appropriate Mineral Resource estimation, mining studies and	in some cases records the colour and weathering profile, but
	metallurgical studies.	not all information has been recorded to the current
	 Whether logging is qualitative or quantitative in nature. Core	industry standards.
	(or costean, channel, etc) photography.	 Where geological logging has been recorded, the holes have
	 The total length and percentage of the relevant intersections	been logged in full.
	logged.
Sub-	 If core, whether cut or sawn and whether quarter, half or all	 Core sample information was detailed in the reports. It is
sampling	core taken.	assumed that selected ½ core samples were submitted for
techniques	 If non-core, whether riffled, tube sampled, rotary split, etc and	assay.
and sample	whether sampled wet or dry.	 Not all information has been recorded for other samples;
preparation	 For all sample types, the nature, quality and appropriateness	most holes have an unknown sample technique and
	of the sample preparation technique.	recovery information hasn’t been recorded.
	 Quality control procedures adopted for all sub-sampling	 No information recorded regarding QAQC practices
	stages to maximise representivity of samples.
	 Measures taken to ensure that the sampling is representative
	of the in situ material collected, including for instance results
	for field duplicate/second-half sampling.
	 Whether sample sizes are appropriate to the grain size of the
	material being sampled.
Quality of	 The nature, quality and appropriateness of the assaying and	 All samples were analysed at commercial laboratories but
assay data	laboratory procedures used and whether the technique is	no details are provided on the techniques used for most of
and	considered partial or total.	the drilling results.
laboratory	 For geophysical tools, spectrometers, handheld XRF
tests	instruments, etc, the parameters used in determining the
	analysis including instrument make and model, reading times,
	calibrations factors applied and their derivation, etc.
	 Nature of quality control procedures adopted (eg standards,
	blanks, duplicates, external laboratory checks) and whether

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Criteria	JORC Code explanation	Commentary
	acceptable levels of accuracy (ie lack of bias) and precision
	have been established.
Verification	 The verification of significant intersections by either	 No information recorded.
of sampling	independent or alternative company personnel.
and	 The use of twinned holes.
assaying	 Documentation of primary data, data entry procedures, data
	verification, data storage (physical and electronic) protocols.
	 Discuss any adjustment to assay data.
Location of	 Accuracy and quality of surveys used to locate drill holes	 Grid Projection is GDA94, Zone 51 for more recent drilling
data points	(collar and down-hole surveys), trenches, mine workings and	(Shephard’s Bush). Older drilling has either been
	other locations used in Mineral Resource estimation.	transformed from local grids or topographically located as
	 Specification of the grid system used.	best as possible.
	 Quality and adequacy of topographic control.	 Some drill hole locations were confirmed with the use of a
		hand held GPS unit. where this information is recorded.
		 No information found on topographic control (height
		datum).
Data	 Data spacing for reporting of Exploration Results.	 Drill lines are variably spaced, depending on the prospect
spacing and		area and how far advanced the prospect is.
distribution
	 Whether the data spacing and distribution is sufficient to	 This is not considered relevant for this release.
	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	 Whether the orientation of sampling achieves unbiased	 The orientation of the drilling is approximately
of data in	sampling of possible structures and the extent to which this is	perpendicular to the strike of the regional geology. Drilling
relation to	known, considering the deposit type.	is a mixture of vertical holes and angled holes drilled either
geological		grid west (270) or grid east (90), depending on the
structure	 If the relationship between the drilling orientation and the	individual prospect area.
	orientation of key mineralised structures is considered to have	 The orientation of the drilling appears to be perpendicular
	introduced a sampling bias, this should be assessed and	to the strike of the mineralisation in the various prospects
	reported if material.	drilled.

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Criteria	JORC Code explanation	Commentary
Sample	 The measures taken to ensure sample security.	 no information recorded in the historical reports.
security
Audits or	 The results of any audits or reviews of sampling techniques	 no information recorded in the historical reports.
reviews	and data.

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	 There appears to be no Native Title Agreements over any of
tenement	including agreements or material issues with third parties	the current tenements and that No valid registered or
and land	such as joint ventures, partnerships, overriding royalties,	determined claims that effect the tenements. However, the
tenure	native title interests, historical sites, wilderness or national	area comes under the Goldfields Land & Sea Council who
status	park and environmental settings.	may express an interest in the future.
	 The security of the tenure held at the time of reporting along	 The tenure that is covered in this report is held in JV
	with any known impediments to obtaining a licence to	between MGK Resources Pty Ltd (wholly owned subsidiary
	operate in the area.	of Latitude Consolidated) and Gazard Investments Pty and
		Ltd and Between MGK Resources Pty Ltd and Maincoast Pty
		Ltd. The tenure consists of both applications and granted
		tenements.
Exploration	 Acknowledgment and appraisal of exploration by other	 The Mt Ida JV project area has had a modern exploration
done by	parties.	history dating back to the mid 1980’s where efforts were
other		concentrated on gold exploration by a number of large to
parties		medium sized companies. Prior to this, from 1968 to 1975
		the area was extensively tested for nickel and copper
		mineralisation by CRA exploration. The Mt Ida JV project
		area has received extensive surface sampling programs with

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Criteria	JORC Code explanation	Commentary
		limited drill follow up. Some of the main focus areas for gold
		mineralisation has included the along the Ballard Fault
		where sporadic exploration was focussed around some of
		the historical workings (including Golden Ridge and
		Wedgetail). The details of drill holes quoted in this release
		have been retrieved from old WAMEX reports. More
		recently in 2006 drilling (La Mancha) was completed at the
		Shephard’s Bush prospect after it was discovered by surface
		geochemistry as part of their Mt Ida JV project with
		Monarch Resources.
		 MGK Resources Pty Ltd acquired 80% of the Mt Ida JV
		project from Maincoast Pty Ltd and Gazard Investments Pty
		Ltd in December 2016.
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 lithology’s 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	 Refer to Table 1 and 2 in Appendix 1.
Information	of the exploration results including a tabulation of the
	following informationfor all Material drill holes:

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Criteria	JORC Code explanation	Commentary
	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	 Grades are reported as down-hole length weighted
aggregation	techniques, maximum and/or minimum grade truncations (eg	averages, with no top cut applied on the reporting of the
methods	cutting of high grades) and cut-off grades are usually	assay grades.
	Material and should be stated.	 Only those intercepts deemed to be significant are given in
	 Where aggregate intercepts incorporate short lengths of high	this report.
	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	 No metal equivalent values are used.
	values should be clearly stated.
Relationship	 These relationships are particularly important in the	 The results reported are downhole lengths only; true width
between	reporting of Exploration Results.	of the mineralisation has yet to be determined.
mineralisati	 If the geometry of the mineralisation with respect to the drill
on widths	hole angle is known, its nature should be reported.
and	 If it is not known and only the down hole lengths are reported,
intercept	there should be a clear statement to this effect (eg ‘down hole
lengths	length, true width not known’).
Diagrams	 Appropriate maps and sections (with scales) and tabulations	 Refer to figures in the body of the text for relevant plans.
	of intercepts 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.

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Criteria JORC Code explanation Commentary
Balanced reporting  Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. 	This release contains significant intercepts only.
Other substantive exploration data  Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. 	Drill hole data is reported on aerial magnetics and interpreted regional geology (GSWA). A regional map is provided highlighting the known deposits and prospects in the Mt Ida area.
Further work  The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).  Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. 	Further confirmation and interpretation of historic work is being carried out by Latitude Consolidated as an ongoing exploration phase. Further exploration work planned includes further drilling to confirm and extend existing targets where appropriate.

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