MIDAS MINERALS LTD — Capital/Financing Update 2021

Dec 21, 2021

ASX / MEDIA ANNOUNCEMENT 22 December 2021

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Midas’ maiden drilling at Weebo returns shallow high-grade gold

Reconnaissance drilling delivers immediate success and points to a potentially significant gold system

Highlights

• The first exploration drill program completed by Midas at the Weebo project in Western Australia has identified extensive gold mineralisation including high-grade gold results

• The wide-spaced reconnaissance drilling focused on three main regional-scale structural and geochemical targets, named Scone Stone, Ockerburry and Otto

• At the Scone Stone prospect, shallow high-grade mineralisation was encountered within broader gold mineralised halos. Significant intersections include:

• 2m @ 12.5g/t gold from 54m, within 6m @ 4.4g/t gold from 54m in hole MDRC0009

• 1m @ 18.2g/t gold from 44m, within 3m @ 6.7g/t gold from 43m in hole MDRC0010

• 16m @ 1.7g/t gold from 108m, within 29m @ 1.1g/t gold from 98m in hole MDRC0012

• The Ockerburry Prospect is a strong geochemical anomaly associated with the crustalscale Ockerburry shear zone that hosts significant gold deposits in the district

• Results from the maiden Ockerburry drill campaign include:

• 2m @ 18.4g/t gold from 8m in hole MDAC0015

• 6m @ 1.5g/t gold from 40m, within 32m @ 0.7g/t gold from 40m in hole MDAC0055

• 2m @ 3.1g/t gold from 66 and 3m @ 1.5g/t gold from 81m, within 28m @ 0.6g/t gold from 66m in hole MDAC0059

• Results demonstrate the potential for a significant gold mineralised system

• Weebo is located the WA goldfields, directly along strike from Northern Star Resources’ (ASX: NST) Thunderbox mine, and Otto Bore gold deposit

• Results from eight RC holes at the Scone Stone and Otto Prospects are awaiting assays

• All prospects remain open at depth and along strike

• Midas will follow up these results, with a larger drill rig capable of penetrating deeper into bedrock planned for Q1 CY2022.

• Midas remains well funded to complete follow up exploration, with A$7.6m in cash as at 30 September 2021

Midas Minerals Limited | Ground Floor, 24 Outram St, West Perth WA 6005 P: +61 8 6283 6595 | E: info@midasminerals.com www.midasminerals.com

ASX / MEDIA ANNOUNCEMENT 22 December 2021

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Midas Minerals Limited ( “ Midas ”, or “ The Company ”) (ASX: MM1) is pleased to announce it has received extensive gold mineralisation including shallow, high-grade gold results from initial assays from its maiden drill programs, completed in November 2021, at the Weebo Gold Project ( Weebo ) in the Goldfields region of Western Australia.

Drilling was focused on gold mineralisation at the Ockerburry, Scone Stone and Otto prospects (refer ASX announcement 29 September 2021), testing prospects located along strike and proximal to Northern Star Resources’ (ASX: NST) Thunderbox mine and Otto Bore gold deposit.

Midas completed 103 AC drill holes totalling 8,237m and 22 RC holes totalling 2,559m on 30 wide-spaced drill traverses over a total of approximately 7km of strike (refer ASX announcement 29 November 2021). The program was completed on time and on budget.

Prior drilling[1] by previous explorers, mostly completed between 1994 and 2002, predominantly comprised reconnaissance rotary air blast ( RAB ) and AC drilling and successfully defined anomalous gold mineralisation along significant regional shear zones. Prior RC drilling only amounted to four holes at Ockerburry, 27 holes at Scone Stone and eight holes at Otto prospects.

Midas’ program was designed to locate areas that demonstrated favourable geological settings, alteration and pervasive anomalous gold mineralisation. Despite ground conditions, the program successfully confirmed that all three areas meet the targeted criteria and remain highly prospective.

The program provides Midas with confidence to pinpoint the position, target high-grade zones and vector from associated alteration of prospects, which essentially have had no drilling in the past 20 years.

Executive Director Nick Katris commented:

“To have hit such significant gold mineralisation in the first drill program at Weebo is a fantastic result and testament to the potential of this portion of the Yandal greenstone belt. This region has had very limited modern exploration, and is well located, surrounded by quality large-scale gold deposits.

“Given that this is first pass early-stage exploration drilling on wide spaced drill lines, to get these tenor of gold results is highly encouraging. All but one of the RC holes reported to date have assays greater than 1g/t gold, which is a great strike rate.

“We are in discussions with our drill contractors to secure a rig that will enable us to complete deeper drilling across the prospects to follow up these solid first-pass gold results.”

1 All historical Weebo exploration drilling results refer to ASX:MM1 on 3 September 2021 - Prospectus - Appendix C - Independent Geological Report, Appendix B and all future references in this announcement should be read in conjunction with the aforementioned ASX release. The Company confirms that it is not aware of any new information or data that materially affects the information contained in the Prospectus. The Prospectus is available at https://www2.asx.com.au/markets/company/mm1.

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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Figure 1: Weebo Gold Project location map and drill hole locations.

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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EXPLORATION AND GEOLOGICAL DETAIL

WEEBO GOLD PROJECT

Scone Stone Prospect

Two AC and three RC traverses were completed on the Scone Stone prospect which extends for 1,200m by up to 200m. Gold mineralisation is associated with strong albite, silica and haematite alteration, arsenopyrite and pyrrhotite hosted by faults and breccias within a 200m wide, leucocratic fine grained felsic unit. The strength of alteration and sulphide mineralisation of the felsic host is highly encouraging, the nearby Thunderbox Deposit (located along strike 27km to the south) is also associated with arsenopyrite and pyrrhotite within an albite-quartz felsic porphyry.

RC drilling comprised six 40m spaced holes on each of three 280m wide traverses spaced at 160m. Greater than 1g/t gold intercepts were made in all but one of the 14 RC holes drilled for which assays have been reported; assays are pending for four of the remaining holes.

Best gold intercepts returned include:

• 12m @ 0.6g/t gold from 55m including 1m @ 3g/t gold from 66m in hole MDRC0006

• 6m @ 1.3g/t gold from 11m and 6m @ 4.4g/t gold from 54m including 2m @ 12.5g/t gold from 54m in hole MDRC0009

• 3m @ 6.7g/t gold from 43m including 1m @ 18.2g/t gold from 44m in hole MDRC0010

• 7m @ 0.7g/t gold from 87m in hole and 29m @ 1.1g/t gold from 98m including 16m @ 1.7g/t gold from 108m in hole MDRC0012

• 4m @ 0.7g/t gold from 6m and 1m @ 6.5g/t gold from 88m and 2m @ 1.8g/t gold from 97m in hole MDRC0013

• 6m @ 0.8g/t gold from 6m and 5m @ 1.5g/t gold from 44m and 2m @ 0.6g/t gold from 57m and 3m @ 0.5g/t gold from 96m in hole MDRC0014

A prior trial of down hole, and surfacedipole - dipole IP showed a geophysical signature related to sulphide mineralisation at Scone Stone. Geophysics is expected to be useful in vectoring toward highergrade gold mineralisation associated with sulphides within the broad mineralised system.

Ockerburry 1 Prospect

Midas drilled 24 aircore holes on six traverses over 800m strike at the Ockerburry 1 prospect. Drilling generally confirmed the location of the broad low grade gold shear zones, gold mineralisation is associated with intensely sheared mafic rocks with silica and hematite alteration and minor quartz veining present.

The most anomalous gold intercepts included:

• 2m @ 18.4g/t gold from 8m in hole MDAC0015

• 9m @ 0.6g/t gold from 33m and 7m @ 0.9g/t gold from 45m including 5m @ 1.1g/t gold from 45m in hole MDAC0023

• 24m @ 0.3g/t gold from 72m in hole MDAC0026

• 12m @ 0.4g/t gold from 32m and 21m @ 0.2g/t gold from 51m in hole MDAC0028

• 4m @ 0.6g/t gold from 44m and 10m @ 0.8g/t gold from 70m including 1m @ 4.7g/t gold from 76m in hole MDAC0030

The isolated high-grade intercept of 2m at 18.4g/t gold from 8m in MDAC0015 appears to be located at the interface between transported and insitu clays, proximal to a 1996 RAB drill hole, MSR789, which returned 4m at 29.9g/t gold from 8m. Both holes are east of the main mineralised shear zone and may represent an oblique offset structure target.

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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To date sub-economic grades have generally been returned, however, the widths, possibility of oblique offset structures and geological setting of the Ockerburry 1 mineralisation is favourable. The controls on high-grade gold mineralisation remain unclear, so deeper oriented core drilling is justified to determine the optimum drill direction and the potential for higher grade mineralisation, seen regionally.

Ockerburry 2-3 Prospect

Midas drilled 22 AC holes on nine traverses over 1,350m strike at Ockerburry 2-3 prospects. The northern 600m (Ockerburry 3), contains a number of recent anomalous gold intercepts over significant intervals, including:

• 32m @ 0.7g/t gold from 40m including 6m @ 1.5g/t gold from 40m and 14m @ 0.7g/t gold from 52m in hole MDAC0055

• 4m @ 0.9g/t gold from 46m and 28m @ 0.6g/t gold from 66m, including 2m @ 3.1g/t from 66m and 3m @ 1.5g/t gold from 81m in hole MDAC0059.

Prior intercepts included:

• 34m @ 0.8g/t gold from 38m to end of hole including 10m @ 1.5g/t gold from 57m in hole MSR1560

• 23m @ 1.0g/t gold from 63m to end of hole in hole MSR1562

• 30m @ 0.3g/t gold from 60m in hole MSRC0153

• 81m @ 0.3g/t gold from 42m, including 6m @ 0.9g/t gold from 51m and 9m @ 0.7g/t gold from 64m in hole MSRC0154

• 14m @ 0.6g/t gold from 138m, including 1m @ 6.3g/t gold from 144m in hole MSRC0155

The host setting is an intensively sheared mafic unit associated with the major Ockerburry shear zone, with variable haematitic alteration, silicification and quartz veining present.

Many of the holes ended in gold mineralisation, and transport cover is 10-20m thick, highlighting the need for further infill and deeper drilling.

Midas drilling confirmed gold mineralisation at the southern half (Ockerburry 2) in several holes, however this prospect remains only partially tested due to deeper transported cover up to 65m down hole, gold intercepts included:

• 8m @ 1.1g/t gold from 54m including 4m @ 1.7g/t gold from 54m in hole MDAC0040

• 14m @ 0.4g/t gold from 44m in hole MDAC0041.

Ockerburry 4 Prospect

Midas completed 14 wide spaced AC holes over an area 500m by 300m at Ockerburry 4. To date anomalous gold mineralisation has been encountered at shallow depths. Anomalous gold intercepts included:

• 10m @ 0.6g/t gold from 40m including 2m @ 1.5g/t gold from 42m in hole MDAC0069

• 2m @ 2.3g/t gold from 60m in hole MDAC0071

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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Scone Stone regional targets

Midas drilled 14 AC holes on five target areas within 1.5km radius of Scone Stone. One area located 1.3km SW of the main Scone Stone prospect returned anomalous gold mineralisation associated with strong ironstone and quartz veining over broad intervals. This area (Southwest Scone) and the main Scone Stone prospect have seen little previous exploration.

Intercepts at Southwest Scone from MDAC0085 included:

• 4m @ 0.4g/t from 32m and 6m @ 0.3g/t gold from 64m.

Prior drilling in the same area included:

• 21m @ 0.4g/t gold from 68m to the end of hole MSR2351

• 7m @ 0.5g/t gold from 64m in hole MSRC0181

Otto Prospect

Midas drilled 14 AC holes at Otto, of which only five holes penetrated the Permian cover, which was noted up to 105m down hole. In all, four AC holes reached a basement.

Midas drilled four shallow RC holes to obtain an understanding of the geology related to the gradient array IP and gravity anomalies previously identified.

The geological setting has been interpreted as favourable with mafic, ultramafic and granodiorite with variable shearing, silica-haematite alteration, pervasive minor sulphides and quartz veining.

Four assays are pending for the RC drilling at Otto.

To test Otto bore (and the Otto North areas - see below) effectively, a larger air capacity drill rig capable of deeper drilling is considered the best way forward.

Otto North Prospect

Otto North is located 5.6 km, along strike to the north of Otto. Midas drilled six wide-spaced AC holes on a single traverse, of which three successfully penetrated the Permian cover. Bedrock geology is favourable, comprising mafic rocks with variable shearing, quartz veining, sulphides and haematitic alteration.

One hole, MDAC0099, intercepted 6m at 0.3g/t gold, which is highly encouraging given that only 22m of bedrock was tested and a prior hole MSAC0115, located 35m east, also intercepted anomalous bedrock, including 1m at 0.6g/t gold and 1m at 0.3g/t gold, over a 9m interval immediately below transported cover to the end of the hole.

NEXT STEPS

Midas will follow up the three prospects with a larger capacity drill rig, capable of penetrating deeper into bedrock. The Company is also planning to drill any additional targets generated from recent geochemical and geophysical surveys. Further results from the drilling, including the assay results from Scone Stone and Otto are expected within the coming weeks.

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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Figure 2: Ockerburry 1 Prospect drill hole locations.

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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Figure 3: Ockerburry 2 - 3 Prospect drill hole locations.

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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Figure 4: Ockerburry 3 section 6904380N.

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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Figure 5: Scone Stone Section 6908020N.

ENDS

This release was authorised by the Board of Midas Minerals Limited.

For more information:

Nick Katris Executive Director

E: info@midasminerals.com

Nathan Ryan Media / Investor Relations

E: nathan.ryan@nwrcommunications.com.au

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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About Midas

Midas Minerals is a junior mineral exploration company based in Western Australia, targeting the discovery of economic mineral deposits.

Midas’ primary focus is gold; however, our projects are prospective for nickel, platinoids, copper, nickel, base metals, silver and lithium.

The Company has three projects located in the Leinster, Leonora, and Mt Magnet areas of Western Australia. Midas’ projects, Weebo, Challa and Sunset, have prospective areas that remain essentially unexplored due to prior fragmented or private ownership. All projects are also located proximal to infrastructure and within 60km of mining towns and processing plants.

Midas’ Board and management have extensive experience in mineral discovery and a proven track record of significant gold discoveries and mine development.

Forward Looking Statement

Statements regarding Midas’s plans, forecasts and projections with respect to its mineral properties and programmes are forward-looking statements. There can be no assurance that Midas’s plans for development of its mineral properties will proceed. There can be no assurance that Midas’s will be able to confirm the presence of Mineral Resources or Ore Reserves, that any mineralisation will prove to be economic or that a mine will be successfully developed on any of Midas’s mineral properties. The performance of Midas’s may be influenced by a number of factors which are outside the control of the Company, its directors, staff or contractors.

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on and fairly represents information and supporting documentation prepared by Mr Mark Calderwood, a consultant of the Company. Mr Calderwood is a Competent Persons and is a member of the Australasian Institute of Mining and Metallurgy. Mr Calderwood has sufficient experience relevant to the style of mineralisation 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” (JORC Code). Mr Calderwood consents to the inclusion in this announcement of the matters based on his information and supporting documents in the form and context in which it appears.

Mr Calderwood is a shareholder of the Company and the Company does not consider this to constitute an actual or potential conflict of interest to his role as Competent Person due to the overarching duties he owes to the Company. Mr Calderwood is not aware of any other relationship with Midas which could constitute a potential for a conflict of interest.

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ASX / MEDIA ANNOUNCEMENT 22 December 2021

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APPENDIX A: DRILLING RESULTS

Table 1: Summary of Aircore Drill Holes

Prospect	HoleID	Easting	Northing	Drilled Length (m)	Azimuth	Decl.	Cover (m)	Saprolite (m)
Otto	MDAC0001	305321	6895140	10	90	-60	>10?
Otto	MDAC0002	305281	6895139	5	90	-60	>5?
Otto	MDAC0003	305241	6895138	39	90	-60	16?
Otto	MDAC0004	305199	6895137	19	90	-60	>19
Otto	MDAC0005	305160	6895135	6	90	-60	>6
Otto	MDAC0006	305341	6894860	11	90	-60	>11
Otto	MDAC0007	305303	6894858	6	90	-60	>6
Otto	MDAC0008	305264	6894857	4	90	-60	>4
Otto	MDAC0009	305225	6894857	11	90	-60	>11
Otto	MDAC0010	305178	6894860	11	90	-60	>11
Otto North	MDAC0011	305921	6900768	76	90	-60	>76
Otto North	MDAC0012	305842	6900758	93	90	-60	>93
Ockerburry 1	MDAC0013	304342	6901543	119	90	-60	10	117
Ockerburry 1	MDAC0014	304350	6901583	122	90	-60	10	>122
Ockerburry 1	MDAC0015	304310	6901581	122	90	-60	9	88
Ockerburry 1	MDAC0016	304267	6901582	110	90	-60	9	93
Ockerburry 1	MDAC0017	304230	6901581	90	90	-60	2	41
Ockerburry 1	MDAC0018	304189	6901583	80	90	-60	10	35
Ockerburry 1	MDAC0019	304150	6901581	84	90	-60	7	60
Ockerburry 1	MDAC0020	304246	6901580	62	90	-60	10	?
Ockerburry 1	MDAC0021	304381	6901741	80	90	-60	9	>80
Ockerburry 1	MDAC0022	304339	6901741	80	90	-60	8	>80
Ockerburry 1	MDAC0023	304300	6901741	88	90	-60	7	53
Ockerburry 1	MDAC0024	304260	6901739	77	90	-60	10	55
Ockerburry 1	MDAC0025	304343	6901899	116	90	-60	10	70
Ockerburry 1	MDAC0026	304303	6901900	97	90	-60	10	59
Ockerburry 1	MDAC0027	304260	6901900	86	90	-60	8	69
Ockerburry 1	MDAC0028	304382	6902060	75	90	-60	10	28
Ockerburry 1	MDAC0029	304342	6902059	74	90	-60	7	46
Ockerburry 1	MDAC0030	304420	6902218	81	90	-60	9	40
Ockerburry 1	MDAC0031	304378	6902217	81	90	-60	6	58
Ockerburry 1	MDAC0032	304343	6902220	96	90	-60	8	64
Ockerburry 1	MDAC0033	304300	6902061	85	90	-60	7	62
Ockerburry 1	MDAC0034	304424	6902384	80	90	-60	9	48
Ockerburry 1	MDAC0035	304381	6902378	95	90	-60	8	77
Ockerburry 1	MDAC0036	304342	6902377	92	90	-60	2	>92
Ockerburry 2	MDAC0037	304701	6903095	109	90	-60	65	82
Ockerburry2	MDAC0038	304742	6903100	84	90	-60	44	76

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Prospect	HoleID	Easting	Northing	Drilled Length (m)	Azimuth	Decl.	Cover (m)	Saprolite (m)
Ockerburry 2	MDAC0039	304820	6903259	96	90	-60	16	90
Ockerburry 2	MDAC0040	304781	6903255	98	90	-60	25?	59
Ockerburry 2	MDAC0041	304862	6903420	83	90	-60	15	46
Ockerburry 2	MDAC0042	304820	6903418	95	90	-60	11	54
Ockerburry 2	MDAC0043	304784	6903416	104	90	-60	13	41
Ockerburry 2	MDAC0044	304925	6903581	77	90	-60	12	56
Ockerburry 2	MDAC0045	304883	6903576	71	90	-60	13	47
Ockerburry 3	MDAC0046	305002	6903740	102	90	-60	3	60
Ockerburry 3	MDAC0047	304961	6903742	84	90	-60	9	59
Ockerburry 3	MDAC0048	304924	6903741	92	90	-60	9	32
Ockerburry 3	MDAC0049	305082	6903896	116	90	-60	12	>116
Ockerburry 3	MDAC0050	305041	6903896	80	90	-60	15	57
Ockerburry 3	MDAC0051	305003	6903897	86	90	-60	13	57
Ockerburry 3	MDAC0052	305129	6904059	121	90	-60	16	99
Ockerburry 3	MDAC0053	305081	6904060	88	90	-60	18	54
Ockerburry 3	MDAC0054	305043	6904062	95	90	-60	18	69
Ockerburry 3	MDAC0055	305164	6904220	74	90	-60	14	31
Ockerburry 3	MDAC0056	305126	6904220	80	90	-60	13	47
Ockerburry 3	MDAC0057	305084	6904219	85	90	-60	14	47
Ockerburry 3	MDAC0058	305201	6904381	85	90	-60	11	65
Ockerburry 3	MDAC0059	305161	6904379	111	90	-60	11	64
Ockerburry 4	MDAC0060	305643	6905057	110	90	-60	20	65
Ockerburry4	MDAC0061	305601	6905059	110	90	-60	11	83
Ockerburry 4	MDAC0062	305523	6905058	110	90	-60	11	95
Ockerburry 4	MDAC0063	305440	6905052	110	90	-60	23	77
Ockerburry 4	MDAC0064	305361	6905054	115	90	-60	16	80
Ockerburry 4	MDAC0065	305323	6905057	91	90	-60	11	70
Ockerburry 4	MDAC0066	305284	6905059	110	90	-60	12	85
Ockerburry 4	MDAC0067	305205	6905062	82	90	-60	7	44
Ockerburry 4	MDAC0068	305628	6905375	74	90	-60	11	43
Ockerburry 4	MDAC0069	305662	6905453	71	90	-60	14	43
Ockerburry 4	MDAC0070	305623	6905459	84	90	-60	10	55
Ockerburry 4	MDAC0071	305581	6905458	82	90	-60	12	66
Ockerburry 4	MDAC0072	305544	6905460	102	90	-60	9	75
Ockerburry 4	MDAC0073	305631	6905538	78	90	-60	11	51
Scone Regional	MDAC0074	305863	6907660	83	90	-60	15	38
Scone Regional	MDAC0075	305820	6907658	99	90	-60	15	42
Scone Regional	MDAC0076	305000	6907161	70	90	-60	40	40
Scone Regional	MDAC0077	304965	6907160	51	90	-60	39	39
Scone Regional	MDAC0078	304920	6907161	50	90	-60	39	39
Scone Stone	MDAC0079	304983	6907725	91	90	-60	9	68

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Prospect	HoleID	Easting	Northing	Drilled Length (m)	Azimuth	Decl.	Cover (m)	Saprolite (m)
Scone Stone	MDAC0080	304942	6907723	102	90	-60	9	53
Scone Stone	MDAC0081	304905	6907725	81	90	-60	10	59
Scone Stone	MDAC0082	304861	6907722	47	90	-60	9	46
Scone Regional	MDAC0083	304051	6907560	94	90	-60	3	50
Scone Regional	MDAC0084	304032	6907559	52	90	-60	3	42
Scone Regional	MDAC0085	303602	6907560	75	90	-60	2	71
Scone Regional	MDAC0086	303560	6907561	80	90	-60	3	52
Scone Regional	MDAC0087	303520	6907562	89	90	-60	1	49
Scone Regional	MDAC0088	303619	6907560	62	90	-60	2	>62
Scone Regional	MDAC0089	303980	6907860	107	90	-60	4	66
Scone Regional	MDAC0090	303899	6907864	118	90	-60	4	75
Scone Regional	MDAC0091	303821	6907859	102	90	-60	4	>102
Scone Stone	MDAC0092	305770	6908662	71	90	-60	13	68
Scone Stone	MDAC0093	305690	6908660	98	90	-60	33?	97
Scone Stone	MDAC0094	305613	6908659	75	90	-60	32	>75
Scone Stone	MDAC0095	305530	6908660	83	90	-60	32	66
Otto North	MDAC0096	305440	6900757	80	90	-60	39	51
Otto North	MDAC0097	305370	6900758	75	90	-60	44
Otto North	MDAC0098	305280	6900760	61	90	-60	>61?
Otto North	MDAC0099	305203	6900760	105	90	-60	83?
Otto	MDAC0100	305334	6895134	51	90	-60	26
Otto	MDAC0101	305285	6895136	57	90	-60	11?
Otto	MDAC0102	305211	6895143	60	90	-60	22?
Otto	MDAC0103	305159	6895134	60	90	-60	20?

Notes

• 1) Cover refers to minimum interpreted down hole depth of transported sediments.

• 2) Saprolite refers to logged depth of saprolite

Table 2: Summary of Reverse Circulation Drill Holes

Prospect	HoleID	Easting	Northing	Depth (m)	Azimuth	Decl.	Cover (m)	Saprolite (m)
Scone Stone	MDRC0001	305101	6907862	104	98	-60	26	42
Scone Stone	MDRC0002	305062	6907867	120	95	-60	12	33
Scone Stone	MDRC0003	305023	6907865	92	93	-60	12	32
Scone Stone	MDRC0004	304982	6907864	143	96	-57	12	37
Scone Stone	MDRC0005	304943	6907865	119	90	-60	9	32
Scone Stone	MDRC0006	304902	6907863	119	95	-60	9	39
Scone Stone	MDRC0007	305202	6908019	125	90	-60	12	65
Scone Stone	MDRC0008	305162	6908020	119	94	-57	10	73
Scone Stone	MDRC0009	305124	6908019	137	92	-58	11	57
Scone Stone	MDRC0010	305081	6908021	140	90	-57	7	58

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Prospect	HoleID	Easting	Northing	Depth (m)	Azimuth	Decl.	Cover (m)	Saprolite (m)
Scone Stone	MDRC0011	305045	6908022	119	93	-60	9	59
Scone Stone	MDRC0012	305002	6908021	140	90	-58	8	73
Scone Stone	MDRC0013	305381	6908181	104	93	-60	9	42
Scone Stone	MDRC0014	305342	6908182	119	90	-57	12	51
Scone Stone	MDRC0015	305303	6908183	125	95	-60	9	49
Scone Stone	MDRC0016	355262	6908183	119	96	-58	9	33
Scone Stone	MDRC0017	305224	6908181	122	90	-58	9	48
Scone Stone	MDRC0018	305184	6908182	125	90	-60	9	53
Otto	MDRC0019	305225	6894858	77	92	-58	16?
Otto	MDRC0020	305180	6894860	77	92	-58	43?
Otto	MDRC0021	305968	6894460	116	92	-57	105
Otto	MDRC0022	305805	6894461	98	91	-57	73?

Notes

• 1) Cover refers to minimum interpreted down hole depth of transported sediments.

• 2) Saprolite refers to logged depth of saprolite

Table 3: Summary of Aircore Drill Intercepts

Prospect	HoleID	Depth (m)	From (m)	To (m)	Intercept (m)	Au (g/t)	Comment
Otto	MDAC0003	39
Ockerburry 1	MDAC0013	119	NSI				deep saprolite
Ockerburry 1	MDAC0014	122	72	74	2	0.21	deep saprolite
Ockerburry 1	MDAC0015	122	8	10	2	18.4	deep saprolite
Ockerburry 1	MDAC0016	110	NSI				deep saprolite
Ockerburry 1	MDAC0017	90 incl.	44 44 49 62	47 45 55 70	3 1 6 8	0.44 1.01 0.20 0.14
Ockerburry 1	MDAC0018	80	66 74	70 80	4 6	0.30 0.25
Ockerburry 1	MDAC0019	84	54	58	4	0.60
Ockerburry 1	MDAC0020	62	46	48	2	1.48
Ockerburry 1	MDAC0021	80	NSI				deep saprolite
Ockerburry 1	MDAC0022	80	NSI				deep saprolite
Ockerburry 1	MDAC0023	88 incl.	33 45 45 80	39 52 50 82	9 7 5 2	0.60 0.86 1.11 0.33
Ockerburry 1	MDAC0024	77	61	75	14	0.35

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Prospect	HoleID	Depth (m)	From (m)	To (m)	Intercept (m)	Au (g/t)	Comment
Ockerburry 1	MDAC0025	116	34 40	37 54	3 14	0.36 0.30
Ockerburry 1	MDAC0026	97	72	96	24	0.32
Ockerburry 1	MDAC0027	86	NSI
Ockerburry 1	MDAC0028	75	32 51	44 72	12 21	0.39 0.21
Ockerburry 1	MDAC0029	74	32 72	44 74*	12 2	0.25 0.44
Ockerburry 1	MDAC0030	81 incl.	44 64 70 76	48 65 80 77	4 1 10 1	0.56 0.32 0.77 4.65
Ockerburry 1	MDAC0031	81	56	60	4	0.41
Ockerburry 1	MDAC0032	96	80	88	8	0.35
Ockerburry 1	MDAC0033	85	56 72 80	58 74 82	2 2 2	0.65 0.55 1.75
Ockerburry 1	MDAC0034	80	46	48	2	0.37
Ockerburry 1	MDAC0035	95	57 72	61 78	4 6	0.24 0.20	deep saprolite
Ockerburry 1	MDAC0036	92	NSI				deep saprolite
Ockerburry 2	MDAC0037	109	NSI				deep saprolite and transported
Ockerburry 2	MDAC0038	84	82	84	2	0.24	deep saprolite and transported
Ockerburry 2	MDAC0039	96 incl. and	40 42 52	60 46 60	20 4 8	0.22 0.36 0.30	deep saprolite
Ockerburry 2	MDAC0040	98 incl.	54 54	62 58	8 4	1.11 1.69
Ockerburry 2	MDAC0041	83 incl.	44 44	58 52	14 8	0.44 0.59
Ockerburry 2	MDAC0042	95	52 64	58 68	6 4	0.35 0.35
Ockerburry 2	MDAC0043	104	NSI
Ockerburry 2	MDAC0044	77	52 56 62	54 58 66	2 2 4	0.44 0.49 0.22
Ockerburry 2	MDAC0045	71	48	50	2	0.22
Ockerburry 3	MDAC0046	102	NSI
Ockerburry 3	MDAC0047	84	NSI
Ockerburry 3	MDAC0048	92 incl.	32 42	52 48	20 6	0.24 0.35

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Prospect	HoleID	Depth (m)	From (m)	To (m)	Intercept (m)	Au (g/t)	Comment
Ockerburry 3	MDAC0049	116	8	12	4	0.20	deep saprolite
Ockerburry 3	MDAC0050	80	8 62	14 68	6 6	0.21 0.22
Ockerburry 3	MDAC0051	86	78	80	2	0.20
Ockerburry 3	MDAC0052	121	80	82	2	0.24
Ockerburry 3	MDAC0053	88 incl.	64 70 86	66 88 88	2 18 2*	0.24 0.29 1.19
Ockerburry 3	MDAC0054	95	NSI
Ockerburry 3	MDAC0055	74 incl. and	40 40 52	72 46 66	32 6 14	0.65 1.46 0.67
Ockerburry 3	MDAC0056	80	42 46 58 70	44 50 60 80	2 4 2 10	0.44 0.23 0.89 0.17
Ockerburry 3	MDAC0057	85	NSI
Ockerburry 3	MDAC0058	85	14 72	18 82	4 10	0.21 0.20
Ockerburry 3	MDAC0059	111	8	12	4	0.16
		incl. incl. and	46 46 66 66 81	50 48 94 68 84	4 2 28 2 3	0.94 1.58 0.57 3.07 1.46
Ockerburry 4	MDAC0060	110	NSI
Ockerburry 4	MDAC0061	110	NSI
Ockerburry 4	MDAC0062	110	NSI 104	108	4	0.20
Ockerburry 4	MDAC0063	110	88	96	8	0.25
Ockerburry 4	MDAC0064	115	NSI
Ockerburry 4	MDAC0065	91	NSI
Ockerburry 4	MDAC0066	110 incl.	88 100	110 108	22 8	0.16 0.33
Ockerburry 4	MDAC0067	82	NSI
Ockerburry 4	MDAC0068	74	30	32	2	0.56
			58	62	4	0.47
Ockerburry 4	MDAC0069	71 incl.	40 42	50 44	10 2	0.60 1.47
Ockerburry 4	MDAC0070	84	58	60	2	0.25
Ockerburry4	MDAC0071	82	60	62	2	2.29

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Prospect	HoleID	Depth (m)	From (m)	To (m)	Intercept (m)	Au (g/t)	Comment
Ockerburry 4	MDAC0072	102	NSI
Ockerburry 4	MDAC0073	78	50	54	4	0.16
Scone Regional	MDAC0074	83	NSI
Scone Regional	MDAC0075	99	NSI
Scone Regional	MDAC0076	70	NSI				deep transported
Scone Regional	MDAC0077	51	32	36	4	0.28	deep transported
Scone Regional	MDAC0078	50	NSI				deep transported
Scone Stone	MDAC0079	91	52	58	6	0.24
Scone Stone	MDAC0080	102	NSI
Scone Stone	MDAC0081	81	36 50 66	40 60 76	4 10 10	0.23 0.13 0.21
Scone Stone	MDAC0082	47	NSI
Scone Regional	MDAC0083	94	24	28	4	0.26
Scone Regional	MDAC0084	52	NSI
Scone Regional	MDAC0085	75	32 52 64	36 54 70	4 2 6	0.42 0.21 0.34
Scone Regional	MDAC0086	80	NSI
Scone Regional	MDAC0087	89	NSI
Scone Regional	MDAC0088	62	38	40	2	0.30
Scone Regional	MDAC0089	107	NSI
Scone Regional	MDAC0090	118	NSI
Scone Regional	MDAC0091	102	NSI
Scone Stone	MDAC0092	71	52	54	2	0.68
Scone Stone	MDAC0093	98	NSI
Scone Stone	MDAC0094	75	NSI				deep transported
Scone Stone	MDAC0095	83	NSI				deep transported
Otto North	MDAC0096	80	NSI				deep transported
Otto North	MDAC0097	75	NSI				deep transported
Otto North	MDAC0099	105 incl. and	92 92 96	98 93 98	6 1 2	0.29 0.69 0.38
Otto	MDAC0100	51	39	42	3	0.23	deep transported
Otto	MDAC0101	57	50	51	1	0.26
Otto	MDAC0102	60	57	58	1	0.20
Otto	MDAC0103	60	NSI

Notes

• 1) Only holes that penetrated transported cover included.

• 2) NSI denotes no significant intercepts

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Table 4: Summary of Reverse Circulations Drill Intercepts

Prospect	Hole ID	Depth (m)	From (m)	To (m)	Intercept (m)	Au (g/t)
Scone Stone	MDRC0001	104	6 94	9 95	3 1	0.40 2.32
Scone Stone	MDRC0002	120	5 26	7 27	2 1	0.53 1.66
Scone Stone	MDRC0003	92 Incl. Incl.	49 50 72 72 85	51 51 74 73 86	3 1 2 1 1	0.87 1.92 0.94 1.64 1.07
Scone Stone	MDRC0004	143 Incl.	45 45 59 68 75 120 131	54 47 61 69 79 122 133	9 2 2 1 4 2 2	0.51 1.10 0.43 0.48 0.35 0.32 1.11
Scone Stone	MDRC0005	119	59 70 84 97 102	62 71 85 99 103	3 1 1 2 1	0.42 0.40 0.58 0.61 0.49
Scone Stone	MDRC0006	119 Incl.	55 66	67 67	12 1	0.59 2.97
Scone Stone	MDRC0007	125	NSI
Scone Stone	MDRC0008	119 Incl. and	37 50 50 55	38 59 51 56	1 9 1 1	0.40 0.66 1.78 1.35
Scone Stone	MDRC0009	137 Incl. Incl. Incl.	11 11 54 54 54 98 108	17 13 60 56 55 100 109	6 2 6 2 1 2 1	1.33 3.46 4.40 12.45 22.49 0.31 0.44
Scone Stone	MDRC0010	140 Incl.	43 44 55	46 45 57	3 1 2	6.66 18.23 0.63

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Prospect	Hole ID	Depth (m)	From (m)	To (m)	Intercept (m)	Au (g/t)
Scone Stone	MDRC0011	119 Incl.	49 59 59 64	50 63 60 66	1 4 1 2	1.07 0.64 1.21 0.40
Scone Stone	MDRC0012	140 Incl. Incl. Incl.	71 87 92 98 108 119	75 94 93 127 124 122	4 7 1 29 16 3	0.36 0.72 3.77 1.09 1.69 4.40
Scone Stone	MDRC0013	103 Incl.	6 88 97 97	10 89 99 98	4 1 2 1	0.67 6.47 1.78 3.29
Scone Stone	MDRC0014	119 Incl.	6 6 44	12 9 49	6 3 5	0.78 1.27 1.49
		Incl. Incl.	44 57 63 96 96	46 59 64 99 97	1 2 1 3 1	3.00 0.57 0.59 0.53 1.25
Scone Stone	MDRC0015	Awaiting Assay
Scone Stone	MDRC0016	Awaiting Assay
Scone Stone	MDRC0017	Awaiting Assay
Scone Stone	MDRC0018	Awaiting Assay
Otto	MDRC0019	Awaiting Assay
Otto	MDRC0020	Awaiting Assay
Otto	MDRC0021	Awaiting Assay
Otto	MDRC0022	Awaiting Assay

Notes

• 1) NSI denotes - no significant intercepts

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Appendix B: JORC Code 2012 Edition - Table 1 For Exploration Results

Section 1 Sampling Techniques and Data

Criteria	JORC Code Explanation	Commentary
Sampling techniques	• Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma 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 representativity 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 (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.	All drilling and sampling was undertaken in an industry standard manner Reverse circulation (RC) holes at Weebo were sampled on a 1m basis with samples collected from a cone splitter mounted on the drill rig cyclone. 1m samples ranged from 2.0-3.5kg. Aircore (AC) samples were collected by spear from 1m sample piles and composited over 1m to 4m intervals. Sample weights ranged from 1.0-3.0kg. The independent laboratories pulverised the entire samples for analysis as described below Industry prepared independent standards were inserted approximately 1 in 19 to 1 in 29 samples. Field duplicates were inserted 1 in 19 samples. Sample sizes are considered appropriate for the material sampled. The samples are considered representative and appropriate for the types of drilling. RC samples are appropriate for use in a mineral resource estimate.
Drilling techniques	• Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).	AC drilling – utilising 83mm face sampling blade bits and DTH hammer and inter-tube reverse circulation sample return. RC drilling - utilising 121mm face sampling DTH hammer and inter-tube reverse circulation sample return.
Drill sample recovery	• Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	RC and AC samples were visually assessed for recovery. Samples were generally considered representative with acceptable recovery. Any intervals having less than optimal recovery or possible contamination were recorded. No sample bias was observed.
Logging	• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography • The total length and percentage of the relevant intersections logged.	The entire holes were geologically logged. Logging is qualitative in nature. RC sample logging is appropriate for use in a resource estimation. The AC results provide a good indication of the mineralisation but are not used in resource estimation

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Criteria	JORC Code Explanation	Commentary
Sub-sampling techniques and sample preparation	• If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples. • Measures taken to ensure that the 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.	RC sampling at Weebo was, carried out by a cone splitter on the drill rig cyclone and drill cuttings were sampled at 1m intervals. Aircore (AC) samples were collected by spear from 1m sample piles and composited over 1m to 4m intervals. Sample weights ranged from 1.0-3.0kg. Industry prepared independent standards were inserted approximately 1 in 19 to 1 in 29 samples. Field duplicates were inserted 1 in 19 samples. Sample sizes are considered appropriate for the material sampled. The entire samples were dried, jaw crushed and a 1kg sub sample pulverised. Pulps were split for analysis. Aurum Laboratories has internal QA/QC procedures to ensure a representative sample. The entire samples were dried, jaw crushed and the whole sample pulverised. Pulps were split for analysis. Bureau Veritas has internal QA/QC procedures to ensure a representative sample. The samples are considered representative and appropriate for the methods of drilling. The RC samples are appropriate for use in a resource estimation. The AC results provide a good indication of the mineralisation but are not used in resource estimation
Quality of assay data and laboratory tests	• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	The samples were submitted to commercial independent laboratories in Perth, Australia. At Aurum Laboratories a 50 gram sample weight was fire assayed with lead collection and the resultant prill after digest read for gold to 0.01 parts per million At Bureau Veritas a 40 gram sample weight was fire assayed with lead collection and the resultant prill after digest read for gold to 0.01 parts per million The techniques are considered quantitative in nature. As discussed above certified reference standards were inserted by the Company and the laboratory also carries out internal standards in individual batches. Based on QAQC, assays were considered satisfactory, Field duplicates provide an indication of sample variability associated with sampling techniques and coarse gold. No alarming results were received from field duplicates.
Verification of sampling and assaying	• The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data.	Results have been uploaded in digital datasheets prepared by consulting geologists prepared on site. The results have been checked and verified. No adjustments have been made to assay data. Results are reported on a length weighted basis.

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Criteria	JORC Code Explanation	Commentary
Location of data points	• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control.	All locations have been presented in zone 51 GDA 1994 MGA. RC and AC hole locations are currently located using handheld GPS to an accuracy of 3m. DGPS surveying will be undertaken of RC holes prior to use in a resource estimate. RL have not been currently recorded and will require DGPS or similar level of survey accuracy. The terrain drilled is nominally flat.
Data spacing and distribution	• Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied.	The AC drill hole spacing was 40 to 80m on traverses spaced at +/-160m and is not intended to be used for resource estimation The RC data spacing for Weebo was generally 40m x 160m, is not sufficient for Mineral Resource and Ore Reserve estimation. Sample compositing has not been applied for RC drilling except in reporting of drill intercepts. .
Orientation of data in relation to geological structure	• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	Drilling is believed to be approximately perpendicular to the strike of mineralisation and the dip of mineralisation is anticipated to be near vertical or steeply to the west. All holes were drilled at about -60 degrees to the east. Drill hole orientation may have exaggerated intercept intervals and may have resulted in mineralised structures being missed. Given the early stage of exploration the CP is satisfied that determining the true width of mineralised intercepts is not as critical as defining areas containing anomalous results for further exploration. Future follow-up drilling should focus on understanding the orientation of mineralised structures.
Sample security	• The measures taken to ensure sample security.	Samples were collected by consultants and company personnel and delivered direct to the laboratory via a transport contractor.
Audits or reviews	• The results of any audits or reviews of sampling techniques and data.	No audits or reviews of sampling techniques has been undertaken. A review of sample QAQC is routinely undertaken on receipt of assays.

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Section 2 Reporting of Exploration Results

Criteria	JORC Code Explanation	Commentary
Mineral tenement and land tenure status	• Type, reference name/number, location and ownership including agreements or material issues with 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 licence to operate in the area.	Weebo Project: Exploration licences E36/792, E36/797, E36/798, E36/811, E36/845, E36/846, E36/860, E36/934, E36/952 and prospecting licence PL36/1878 located east of Leinster in Western Australia. The Company has entered into an agreement pursuant to which it has the option to purchase 100% legal and beneficial ownership of the foregoing tenements, subject to satisfying a cash payment of $600,000 and granting a 1.5% gross revenue royalty payable to the vendors. Following completion, the Company will assume responsibility for the payment of the State Government royalty. All tenements are in good standing. There are no registered native title interests, wilderness areas, national park or environmental impediments (other than usual environmental and rehabilitation conditions on which the granted tenements have been granted) over the outlined current areas. There are no current impediments to obtaining a license to operate in the project areas. There are several registered heritage sites covering limited areas within the Weebo Project including part of the Otto prospect.
Exploration done by other parties	• Acknowledgment and appraisal of exploration by other parties.	This announcement refers to prior exploration results. The prior exploration is comprehensively referenced in the Independent Geologists Report and Appendices within the Midas Prospectus of 3 September 2021.
Geology	• Deposit type, geological setting and style of mineralisation.	The Weebo Project is located within the Yilgarn Craton, the project overlies a NW to North trending sequence of Archaean greenstones that form part of the Norseman- Wiluna Greenstone Belt of the Kalgoorlie Terrane. The greenstone sequence in the project area comprises tholeiitic and high-magnesian basalts, felsic volcanics, interflow sediments including chert, shale and iron formation, mafic intrusives and ultramafic rocks. The Project is prospective for shear and vein hosted gold mineralisation and ultramafic hosted nickel sulphide mineralisation Transport Tertiary to Permian sediments are common, a significant number of the auger geochemical samples may be from within transported Wiluna hard pan regolith.
Drill hole Information	• A summary of all information material to the understanding of the exploration results including a tabulation of the following 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.	Tables 1 and 2 contain details of all drill collar location and drill hole directional details Tables 3 and 4 contain summaries of intercepts for all holes that penetrated transported cover. Relative level information is not included and remains pending DGPS survey. All co-ordinates refer to GDA1994 MGA Zone 51.

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Criteria	JORC Code Explanation	Commentary
Data aggregation methods	• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be 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.	AC intercepts are reported to a minimum cutoff of 0.2g/t gold with an internal dilution of 4m maximum. Intercepts of less of greater than 0.1g/t gold are included if they include values of at least 0.2g/t gold. RC intercepts are reported to a minimum cutoff of 0.4g/t gold with an internal dilution of 4m maximum. Intercepts of less of greater than 0.2g/t gold are included if they include values of at least 0.4g/t gold. Any higher-grade intervals exceeding 2g/t within a broad lower grade interval are reported as subintervals. Intercepts are length weighted averaged. No maximum cuts have been made
Relationship between mineralisation widths and intercept lengths	• These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).	The relationship between intercept widths and true widths is unknown.
Diagrams	• Appropriate maps and sections (with scales) and tabulations 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.	Figures 1, 2 and 3 show recent AC and RC holes and relative locations of prior drilling (subject to limitations on positioning of prior collars). Figures 4 and 5 are cross sections
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.	Co-ordinates for all RC and AC holes are included in Tables 1 and 2. All recent and prior collars are shown for the area covered by a Figures 2 and 3. For those areas reporting is comprehensive.
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.	All relevant and material exploration data for the target areas discussed, has been reported. Areas containing deeper transported cover and saprolite may remain poorly tested, holes. Indications of the depth of transported cover and saprolite are included in Tables 1 and 2
Further work	• The nature and scale of planned further work (e.g. 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 drilling is warranted across the tenements to improve the understanding of the mineralisation. All relevant diagrams have been incorporated in this report.

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