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MIDAS MINERALS LTD Capital/Financing Update 2024

Jul 24, 2024

65345_rns_2024-07-24_c3e6f986-7ddc-4fba-80c0-51be5efd7efc.pdf

Capital/Financing Update

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ASX / MEDIA ANNOUNCEMENT 25 July 2024

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Midas defines strong untested gold and copper anomalism at Newington, WA

Highlights

  • Strong gold and copper anomalies in auger geochemical sampling at Newington, WA

  • Sampling at Hawthorn prospect highlights multiple anomalies over 500m strike, returning up to 1,560ppb (1.56g/t) gold at surface

  • Midas has defined high priority gold anomalies on five additional, previously undrilled prospects

  • Strong copper anomalism at two prospects, both represent priority drill targets

  • Recent mapping and rock-chip sampling results confirm a new lithium pegmatite discovery

  • Detailed ground gravity survey defines pegmatite target zone in Kawana area

  • Drill planning for the Newington Project is underway.

Midas Minerals Ltd (“Midas”, or “the Company”) ( ASX: MM1 ) is pleased to announce results from recent exploration in the Newfield and Kawana target areas on its Newington Project in the Goldfields region of WA.

Midas selected seven areas (prospects) for auger geochemical sampling with the specific purpose of defining and prioritising drill targets. Only one of the prospects had limited prior modern exploration, others were selected based on prior rock-chip sampling by Midas[1] and the presence of undrilled historic gold workings or untested geophysics (IP) anomalies.[2] All seven prospects were considered prospective for gold mineralisation and one was considered also prospective for copper mineralisation.

Six of the seven prospects returned strongly anomalous gold results and two returned anomalous copper results.

In addition, Midas completed a ground gravity survey, comprising 316 stations, to expand an existing dataset of 841 stations. The survey at Kawana was successful in delineating a 6km zone prospective for lithium pegmatites.

Midas Managing Director Mark Calderwood commented:

“The strength of the recently defined gold and copper anomalies and the presence of undrilled gold workings is testament to the untested prospectivity of this project area.

“Some of the gold anomalies are discrete, however we expect this, given that the Newfield Mine produced about 32,000 ounces of gold at a recovered grade of 24g/t Au,[2] from a deposit with a strike length of about 50m. Similarly, the unmined, high-grade Dawsons deposit has a subtle surface expression.

“Other anomalies such as Hawthorn and Carterton North have more substantial surface strike extents. The recent success is also the result of an improved understanding of the controls on gold mineralisation on the Newington Project.

“Newly defined targets add to an excellent portfolio of gold and copper drill targets at Newington as we work to complete drill planning on these promising prospects”.

LEGAL58475620.1 Midas Minerals Limited* | Level 2, 8 Richardson Street, West Perth WA 6005

P: +61 8 6383 6595 | E: [email protected] www.midasminerals.com

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Southern (Newfield) Area - Gold and Copper targets

Midas collected and assayed 1,181 auger geochemical samples from surface up to a depth of 1.2m at the following gold and copper prospects:

Carterton North

Midas assayed 155 auger geochemical samples over a 700m strike portion of the Copperhead shear, north of the historic Carterton copper mine. Results confirmed a copper anomaly over the entire 700m of strike tested to date with highest copper values over 400m of strike (refer Figure 6 and Table 6). Prior exploration by Western Mining Corporation Ltd (“WMC") in 1968 located moderate to weak induced polarization (IP) anomalies (chargeable) proximal to the core of the recently defined copper anomaly.[3] Anomalous tungsten occurs in association with copper, gold anomalism is widespread and strongest to the west and east of the copper anomaly.

The anomaly represents a high-priority copper drill target. There are no records nor indications in the field of prior drilling having ever been undertaken on this part of the copper trend . Prior drilling approximately 100m - 700m south of the project boundary contained anomalous copper, gold, silver, zinc, lead, molybdenum and tin mineralisation over broad intervals associated with potassic-calc-silicate alteration, disseminated chalcopyrite and pyrite and intensive shearing.[4]

Mayfield East

Midas completed an auger geochemical grid over a 400m by 200m area centred on the old Mayfield East mine workings with 172 samples analysed (refer Figure 5 and Table 1). Two anomalies were defined comprising a small intense anomaly located near old workings, with auger values up to 1,330ppb, 947ppb, and 766ppb gold over a strike of about 80m and a larger low order anomaly of up to 33ppb gold extending for about 200m of strike. Both anomalies represent high priority drill targets. There are no records nor in-field indications of prior drilling having been undertaken on this prospect.

Hawthorn

Infill auger drilling was undertaken over 500m strike of the Hawthorn prospect, resulting in 399 samples. Prior exploration results reviewed by Midas highlighted the potential of the prospect with anomalous auger, rock chip and drilling (refer Figure 3 and Tables 10, 11 and 12).

Recent sampling confirmed very strong gold anomalism associated with folded banded iron formations and interpreted faulting. Midas defined four sub-anomalies above 160ppb gold, with the largest at least 170m long returning multiple values in excess of 500ppb and up to 1,560ppb gold (refer Figure 3 and Tables 4 and 5).

Prior rock chip sampling returned values up to 8.61g/t Au and 9.71g/t Au (refer Table 11), Auriferous-bearing samples were mostly ironstone or quartz ironstone. Of four prior RC drill holes, three returned anomalous gold over wide intervals, including 14m at 0.88g/t gold from 9m (refer Table 12).

Based on field observations, this anomaly may represent a shallow plunging anti-form fold closure that drapes the contact of a large intrusive body to the south, and below, a target area that is book-ended E-W by parallel N-S trending shear/fault zones. The Hawthorn target represents an excellent structural, lithological and chemical contrast for trapping gold mineralised fluids.

These high-grade gold geochemical anomalies represent additional high priority drill targets.

Mt Correll SE

Midas collected 203 auger geochemical samples (refer Figure 4 and Table 3) from two 500m-long target zones based on historic gold workings and its previous rock chip sampling:

Chapel - Sampling defined several gold anomalies over 500m associated with an interpreted BIF. The strongest gold anomaly was from the southern end and remains open to the south. The southern anomaly

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is associated with an interpreted demagnetisation zone. Prior sampling of mine spoil by Midas in this area returned results including 7.71g/t, 3.93g/t, 3.47g/t and 0.11g/t gold.[1]

Settlers - Sampling defined a gold anomaly over 200m straddling prior mine workings that appear to have been targeting brecciated quartz veins within a shear zone. Prior sampling of mine spoil by Midas within the anomalous area returned 4.83g/t, 2.92g/t, 1.65g/t and 0.72g/t gold.[1] Sampling further to the south returned highly anomalous copper values up to 724ppm Cu from partial digest analysis (refer Appendix B, JORC Table 1).

There are no records, nor in-field indications of prior drilling having been undertaken on either of these prospects, both prospects represent high priority further geochemical sampling to further define and refine drill targets.

Mt Correll NE

A small sampling program of 73 auger geochemical samples over 150m strike was undertaken to test an interpreted folded and fault offset BIF and associated shallow gold workings (refer Figure 2 and Table 2). Prior sampling of mine spoil by Midas returned up to 2.67g/t gold.[1] The results were high encouraging with most samples containing anomalous gold.

There are no records nor in-field indications of prior drilling having been undertaken on this prospect. Further auger geochemistry and prioritising drilling is justified at Mt Correll.

Carterton South

A 2,000m portion of the Copperhead shear south of the historic Carterton copper mine was sampled, a total of 179 samples were taken as a first-pass program. Prior sampling of quartz by Midas returned 0.19g/t and 0.16g/t Au,[1] while recent pegmatite sampling returned up to 0.74% Li2O and (refer Figure 7 and Tables 8 and 9). Weakly anomalous gold, copper, silver and tungsten was defined in auger geochemical sampling, however none currently represent a priority drill target. Nonetheless, sporadic anomalous LCT indicators Li, Cs, Ta, Sn highlight potential for further lithium occurrences in the area. The prospect shear extends for a further 3,000m to the south and is worthy of further exploration.

Summary

Recently defined drill targets add to Midas’ prospects at Newfield, Newfield East and Dawsons, where prior drilling has identified significant gold mineralisation, including drill intercepts of 4m at 16.6g/t Au from 83m, 3m @ 11g/t Au from 51m, 2m at 17.5g/t Au from 76m and 2m at 13g/t Au from 146m at Dawsons, and 13m at 4.5g/t Au from 8m and 12m at 2.1g/t Au from 56m at Newfield East.[1]

Northern (Kawana) Area

Gravity Survey

Midas completed a close-spaced ground gravity survey, comprising 316 stations on a nominal 200m x 50m grid. The data was merged with a prior dataset of 841 stations completed on a nominal 50m x 200m to 400m grid. The survey and subsequent interpretation were successful in delineating a gravity-low anomaly over the entire 6km strike of the survey. The anomaly correlates with known fertile pegmatite outcrops[5] and is interpreted to represent a target zone for additional pegmatites.

Prior rock-chip sampling by Midas within the area returned high-grades up to 3.6% Li2O. and limited drilling undertaken by Midas in 2022 confirmed the presence of low tenor lithium mineralisation with intercepts up to 7m at 0.4% Li2O.[5]

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Figure 1: Newfield Gold and Copper Prospects.

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Figure 2: Location of Mayfield East, Hawthorn and Mt Correll NE Prospects.

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Figure 3: Hawthorn Prospect Sample and RC Drill Hole Locations.

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Figure 4: Mt Correll SE Sample Locations.

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Figure 5: Mayfield East Prospect Sample Locations.

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Figure 6: Carterton North Sample Locations.

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Figure 7: Carterton South Sample Locations

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Figure 8: Kawana Gravity Survey.[5]

The Board of Midas Minerals Limited authorised this release.

For more information:

Mark Calderwood Managing Director E: [email protected]

Nathan Ryan

Media / Investor Relations E: [email protected]

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About Midas

Midas Minerals is a junior mineral exploration company with a primary focus on lithium and gold. Midas’ Board and management has a strong track record of delivering value for shareholders through mineral discoveries and mine development and growing microcap explorers into successful ASX100-ASX300 companies. The Company has the Newington Gold-Lithium Project and Challa Project located in Western Australia, as well as the Greenbush Project in Ontario, Canada and the Reid-Aylmer Lithium Project, in the Northwest Territories, Canada.

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Midas Minerals Western Australia Projects Midas Minerals Canadian Projects Location Map. Location Map.

Reid-Aylmer Project: The Company has 100% of staked mineral claims totalling 157km[2] located northeast of Yellowknife, in the Northwest Territories of Canada. Initial limited exploration has resulted in the discovery of the large Argus pegmatite which contains abundant spodumene. Assay results from rock chip sampling returned up to 7.25% ( refer ASX release dated 12 December 2023 ).

Newington Lithium-Gold Project: 316km[2] of tenements located at the north end of the Southern Cross greenstone belt, which are prospective for lithium and gold. Rock chip sampling returned up to 3.6% Li2O, and initial drilling returned intercepts up to 7m at 0.4% Li2O ( refer ASX releases dated 8 August 2022 and 15 November 2022 ). Numerous lithium targets remain to be drill tested. The project has significant prior gold production and significant drill intercepts on existing mining leases ( refer ASX release dated 4 April 2022 ) and Midas has identified a number of old gold workings which have not been drill tested ( refer ASX release dated 16 January 2023 ).

Challa Gold, Nickel-Copper-PGE Project: 907km[2] of tenement and applications with limited but successful exploration to date. A number of significant PGE and gold-copper exploration targets have been defined. Significant rock chip samples results include 3.45g/t 4PGE from Cr rich horizon within gabbro ( refer ASX release dated 23 August 2022 ) and 16.15% Cu and 566g/t Ag from a copper rich gossan ( refer MM1 prospectus released to ASX on 3 September 2021 ).

Greenbush Lithium Project: 102km[2] of mining claims located proximal to infrastructure, with little outcrop and no historic drilling. A 15m by 30m spodumene bearing pegmatite outcrop was discovered in 1955 on the northeast shore of a lake and initial sampling by Midas has returned results up to 3.8% Li ₂ O from the main outcrop and surrounds, as well as anomalous tantalum occurrences demonstrating regional upside potential ( refer ASX release dated 13 July 2023 ).

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Competent Person and Compliance Statements

The information in this announcement that relates to new Exploration Results is based on and fairly represents information and supporting documentation prepared by Mr Mark Calderwood, the managing director of the Company. Mr Calderwood is a Competent Person 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.

For full details of previously announced Exploration Results in this announcement, refer to the ASX announcement or release on the date referenced in the body text or in the End Notes. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

End Notes

  1. Refer to Midas’ ASX announcement dated 16 January 2023.

  2. Refer to Midas’ ASX announcement dated 17 April 2024.

  3. WAMEX report A0094.

  4. WAMEX report A116435.

  5. Refer to Midas’ ASX announcements dated 8 August 2022 and 15 November 2022.

Forward Looking Statements

This announcement may contain certain forward-looking statements and projections, including statements regarding Midas’ plans, forecasts and projections with respect to its mineral properties and programmes. Although the forward-looking statements contained in this release reflect management’s current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors many of which are beyond the control of the Company.

The forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. For example, there can be no assurance that Midas will be able to confirm the presence of Mineral Resources or Ore Reserves, that Midas’ plans for development of its mineral properties will proceed, that any mineralisation will prove to be economic, or that a mine will be successfully developed on any of Midas’ mineral properties. The performance of Midas may be influenced by a number of factors which are outside the control of the Company, its directors, staff or contractors.

The Company does not make any representations and provides no warranties concerning the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws.

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APPENDIX A: EXPLORATION RESULTS TABLES

Table 1 – Midas Mayfield East Geochemical Results >15ppb Au

Sample Northing Easting RL Au Ag As Cu Pb Zn Ni
(m) (m) (m) ppb ppm ppm ppm ppm ppm ppm
J0248 6624180 682780 405.1 24 <0.02
2
51 3 22 57
J0250 6624181 682739 405.8 15 <0.02
1
41 4 21 142
J0251 6624179 682720 405.8 18 <0.02
1
45 3 17 52
J0271 6624100 682705 407.2 15 0.02
1
37 8 12 38
J0272 6624100 682710 407.4 16 0.02
2
53 7 13 36
J0273 6624100 682715 407.4 18 0.02
1
44 8 13 31
J0274 6624100 682720 407.6 16 0.02
2
37 8 13 51
J0278 6624100 682740 408.5 16 <0.02
3
44 3 14 110
J0281 6624100 682770 409.8 19 0.04
1
41 3 17 54
J0282 6624100 682780 410.2 22 <0.02
1
53 4 23 51
J0283 6624100 682790 410.9 20 0.04
1
54 4 26 50
J0284 6624100 682801 411.5 23 <0.02
1
66 4 32 52
J0285 6624099 682812 412.1 32 <0.02
1
47 4 38 58
J0286 6624100 682822 412.5 33 0.04
1
61 4 31 60
J0287 6624100 682832 413.2 22 <0.02
1
59 3 23 51
J0296 6624060 682720 408.4 39 0.04
1
31 7 13 25
J0297 6624060 682715 408.4 766 0.06
1
46 9 13 38
J0298 6624059 682710 408.4 36 0.04
1
43 8 17 36
J0299 6624059 682705 408.6 18 <0.02
1
43 7 14 32
J0305 6624040 682730 411.5 23 0.04
1
43 11 18 39
J0306 6624038 682737 411.0 947 0.08
1
51 37 27 35
J0307 6624040 682741 411.8 1330 0.18
1
60 103 40 34
J0308 6624040 682745 412.1 36 0.06
1
45 14 21 42
J0309 6624041 682751 412.1 26 0.04
1
41 14 26 47

Table 2 – Midas Mt Correll NE Geochemical Results >15ppb Au

Sample Northing
Easting
RL Au
Ag
As Cu
Pb
Zn
Ni
(m) (m) (m) ppb
ppm
ppm ppm
ppm
ppm
ppm
J0596 6622406
683806
436.0 17
<0.02
10 56
4
44
77
J0597 6622405
683786
435.4 25
<0.02
13 54
3
31
58
J0598 6622405
683766
435.7 36
<0.02
10 55
4
37
64
J0600 6622406
683726
436.8 19
<0.02
3 80
4
32
72
J0602 6622405
683685
438.3 19
<0.02
2 64
4
37
73
J0603 6622406
683665
438.9 23
<0.02
3 59
4
34
66
J0605 6622405
683626
438.9 32
<0.02
12 55
4
37
81
J0606 6622405
683615
440.0 42
<0.02
62 105
3
50
115
J0607 6622405
683610
439.9 55
<0.02
67 127
3
51
126
J0608 6622405
683605
439.8 61
<0.02
15 70
4
38
95
J0609 6622405
683600
439.6 51
<0.02
15 75
4
38
109
J0610 6622405
683595
439.7 35
<0.02
10 56
4
29
84
J0611 6622405
683590
439.7 23
<0.02
8 53
3
32
94
J0612 6622415
683590
439.9 18
<0.02
5 50
3
32
83
J0613 6622415
683595
439.9 31
<0.02
9 60
4
35
89
J0614 6622415
683599
439.8 123
0.02
16 119
3
31
91
J0615 6622415
683605
439.8 45
<0.02
16 78
4
35
88
J0616 6622414
683610
439.6 36
<0.02
13 56
4
36
73
J0617 6622425
683610
439.9 19
<0.02
13 84
4
47
101
J0618 6622425
683605
440.0 26
<0.02
28 51
4
34
62
J0619 6622425
683600
439.9 37
<0.02
8 55
4
32
79
J0620 6622425
683594
439.8 79
<0.02
14 112
3
32
88
J0621 6622424
683590
439.6 28
<0.02
6 62
3
33
79
J0622 6622436
683591
440.4 34
<0.02
6 61
4
37
74
J0623 6622435
683595
440.3 27
0.08
5 76
4
36
76
J0624 6622436
683600
440.1 22
0.04
4 54
4
34
63
J0625 6622434
683605
439.8 21
0.02
7 64
4
39
72
J0626 6622435
683610
439.7 17
<0.02
5 53
4
39
65

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Sample Northing
Easting
RL Au
Ag
As Cu
Pb
Zn
Ni
(m) (m) (m) ppb
ppm
ppm ppm
ppm
ppm
ppm
J0627 6622445
683610
440.0 16
<0.02
5 54
4
39
59
J0628 6622445
683605
440.5 15
<0.02
8 59
4
37
66
J0629 6622445
683600
440.7 16
<0.02
4 55
4
39
68
J0630 6622445
683595
440.8 17
<0.02
7 62
4
33
65
J0631 6622445
683590
440.6 21
<0.02
3 62
4
35
65
J0632 6622445
683585
440.8 26
<0.02
3 60
3
28
58
J0635 6622464
683570
442.0 24
<0.02
2 62
3
22
54
J0636 6622465
683575
442.0 40
0.02
4 90
2
21
44
J0637 6622465
683580
441.9 33
<0.02
7 66
3
25
56
J0638 6622465
683585
441.8 17
<0.02
3 66
3
32
65
J0639 6622465
683590
441.8 29
<0.02
2 62
2
20
48
J0642 6622466
683605
441.2 15
<0.02
2 53
3
31
47
J0652 6622506
683560
447.1 18
<0.02
3 58
2
33
59
J0653 6622505
683554
447.0 25
<0.02
8 74
4
41
98
J0654 6622505
683547
446.9 20
<0.02
4 62
4
28
89

Table 3 – Midas Mt Correll SE Geochemical Results >15ppb Au

Sample Northing
Easting
RL Au
Ag
As Cu
Pb
Zn
Ni
(m) (m) (m) ppb
ppm
ppm ppm
ppm
ppm
ppm
J1118 6619811
684541
449.7 6
<0.02
8 173
3
28
112
J1119 6619811
684530
450.4 26
<0.02
11 235
3
52
194
J1120 6619810
684520
451.5 4
<0.02
86 198
4
34
122
J1157 6619530
684710
449.7 16
<0.02
71 100
3
30
174
J1159 6619530
684719
449.9 18
<0.02
41 84
4
35
166
J1160 6619531
684725
449.3 17
<0.02
58 96
4
35
182
J1161 6619490
684750
450.3 42
<0.02
73 100
3
40
184
J1162 6619490
684746
450.4 44
<0.02
120 104
2
31
170
J1163 6619490
684740
450.8 34
<0.02
131 108
4
49
250
J1164 6619490
684735
450.8 32
<0.02
180 113
3
47
218
J1165 6619490
684731
450.8 20
<0.02
59 97
2
53
177
J1166 6619490
684725
451.0 33
<0.02
104 99
3
42
347
J1167 6619490
684720
451.1 28
<0.02
9 51
1
43
413
J1170 6619449
684741
452.3 29
0.1
10 69
1
26
272
J1171 6619450
684745
451.9 34
0.08
22 62
2
36
297
J1172 6619450
684750
451.5 31
0.08
28 76
3
37
296
J1173 6619450
684755
451.6 29
0.08
22 88
3
33
263
J1174 6619450
684760
451.8 23
0.08
29 88
3
39
338
J1175 6619450
684765
451.3 16
0.08
35 91
3
34
287
J1179 6619410
684804
452.7 5
<0.02
21 151
3
34
206
J1180 6619410
684800
453.0 5
<0.02
24 158
3
34
231
J1181 6619410
684795
452.9 8
<0.02
38 167
2
21
171
J1184 6619409
684780
453.2 16
<0.02
14 135
3
40
385
J1185 6619410
684776
453.6 18
<0.02
18 163
2
22
410
J1187 6619410
684765
454.7 16
<0.02
8 74
1
26
304
J1188 6619370
684831
455.2 4
<0.02
36 210
4
37
289
J1189 6619369
684825
456.1 4
<0.02
72 202
3
20
233
J1190 6619370
684820
456.3 <1
<0.02
93 180
2
26
276
J1191 6619369
684815
456.9 2
<0.02
23 332
1
8
290
J1192 6619370
684810
457.0 4
<0.02
28 724
2
12
471
J1193 6619372
684805
456.9 5
<0.02
15 610
2
12
424
J1215 6619570
685195
466.7 26
<0.02
21 66
2
30
39
J1219 6619568
685175
468.2 15
<0.02
22 68
2
38
100
J1225 6619530
685210
463.2 3
<0.02
2 174
1
28
48
J1226 6619530
685215
462.7 4
<0.02
3 181
1
21
44
J1236 6619490
685274
456.5 16
<0.02
3 63
3
37
66
J1237 6619491
685270
456.5 15
<0.02
2 75
4
49
84
J1238 6619488
685265
456.9 26
<0.02
6 75
3
45
95
J1246 6619409
685289
454.3 24
0.14
9 63
3
47
122
J1247 6619409
685299
454.0 89
<0.02
565 221 4 64
231
J1248 6619410
685309
453.5 53
<0.02
49 94
3
43
97

15

ASX:MM1

==> picture [97 x 56] intentionally omitted <==

Sample Northing
Easting
RL Au
Ag
As Cu
Pb
Zn
Ni
(m) (m) (m) ppb
ppm
ppm ppm
ppm
ppm
ppm
J1249 6619410
685319
453.5 49
<0.02
42 119
3
43
84
J1250 6619410
685329
452.8 34
<0.02
16 96
4
84
120
J1251 6619409
685339
452.8 29
<0.02
11 63
3
45
73
J1252 6619409
685349
451.6 32
<0.02
9 77
4
57
94
J1253 6619409
685360
452.2 29
<0.02
8 81
5
61
100
J1254 6619410
685370
452.6 20
<0.02
5 79
5
67
104
J1255 6619450
685325
454.2 48
<0.02
4 58
3
39
63
J1256 6619450
685320
453.6 25
<0.02
3 58
4
42
68
J1257 6619450
685316
453.9 16
<0.02
3 53
4
49
72
J1258 6619450
685311
456.3 26
<0.02
3 62
4
44
72
J1259 6619450
685305
455.5 30
<0.02
5 51
3
33
60
J1260 6619450
685301
455.8 16
<0.02
4 60
4
60
84
J1261 6619451
685295
456.2 32
<0.02
6 59
4
40
73
J1262 6619451
685290
456.5 36
<0.02
5 60
3
37
73
J1263 6619451
685284
456.5 26
<0.02
4 67
4
45
85
J1264 6619451
685280
456.8 25
<0.02
3 56
3
37
72
J1265 6619451
685276
456.1 22
<0.02
3 64
3
33
74
J1266 6619451
685270
456.3 34
<0.02
6 84
3
39
87
J1267 6619451
685265
456.6 23
0.1
7 67
3
37
80
J1268 6619451
685260
456.8 19
0.08
7 62
4
36
80
J1269 6619451
685254
457.2 16
0.08
6 62
3
39
82
J1275 6619651
685151
468.2 15
0.08
3 188
2
61
45
J1279 6619650
685170
466.6 16
<0.02
2 128
2
47
42
J1284 6619689
685165
465.3 16
<0.02
1 94
2
28
35
J1291 6619689
685124
469.6 18
<0.02
1 101
2
24
31
J1300 6619731
685120
467.5 16
<0.02
2 194
2
39
21
J1303 6619729
685150
468.2 15
<0.02
3 74
1
30
31
J1307 6619770
685086
463.9 29
<0.02
2 121
2
34
37
J1308 6619770
685075
464.0 15
<0.02
2 81
2
26
32
J1310 6619810
685090
464.9 15
<0.02
3 86
2
28
42
J1316 6619809
685030
459.7 16
<0.02
3 105
3
31
69

Table 4 – Midas Hawthorn Geochemical Results >30ppb Au (Aqua Regia Digest)

Sample Northing
Easting
RL Au
Ag
As Cu
Pb
Zn
Ni
(m) (m) (m) ppb
ppm
ppm ppm
ppm
ppm
ppm
J0753 6622170
682125
430.5 37
<0.02
389 18
3
32
207
J0754 6622171
682120
430.1 35
<0.02
853 21
4
32
182
J0755 6622170
682115
429.7 56
<0.02
452 23
4
21
128
J0757 6622170
682100
427.2 65
<0.02
1.3 27
8
19
194
J0758 6622170
682094
426.3 96
<0.02
192 25
3
11
276
J0759 6622170
682090
425.8 147
0.04
428 34
5
23
529
J0760 6622181
682070
424.7 82
0.04
285 31
5
22
140
J0761 6622180
682075
424.5 150
0.04
446 40
16
40
468
J0762 6622180
682080
425.0 79
0.04
203 21
5
8
86
J0763 6622180
682085
425.6 206
0.04
418 20
7
12
269
J0764 6622180
682089
425.4 114
0.08
425 24
8
13
230
J0765 6622179
682095
426.1 201
0.04
401 23
5
13
175
J0766 6622179
682114
429.3 113
0.04
337 31
6
17
180
J0767 6622179
682119
429.5 37
0.04
397 24
4
26
160
J0768 6622179
682124
430.0 30
0.04
618 27
4
31
209
J0769 6622179
682129
430.6 45
0.04
1860 22
5
30
232
J0770 6622180
682161
431.5 116
0.04
443 25
8
12
237
J0771 6622180
682165
431.6 253
0.04
418 52
6
18
244
J0772 6622181
682170
431.6 601
0.06
606 69
5
20
247
J0773 6622180
682175
431.7 386
0.08
338 62
5
28
319
J0774 6622180
682181
431.8 211
0.04
381 33
3
30
324
J0775 6622180
682191
432.3 942
0.1
1850 181
9
16
223
J0776 6622180
682196
432.1 300
0.06
414 34
3
35
308
J0777 6622180
682200
432.2 147
0.04
1120 31
4
34
370
J0778 6622181
682204
432.3 487
0.04
901 51
3
31
237

16

ASX:MM1

==> picture [97 x 56] intentionally omitted <==

Sample Northing
Easting
RL Au
Ag
As Cu
Pb
Zn
Ni
(m) (m) (m) ppb
ppm
ppm ppm
ppm
ppm
ppm
J0779 6622181
682210
432.0 192
0.04
388 35
25
25
431
J0780 6622180
682216
431.9 277
0.04
371 40
7
47
361
J0781 6622181
682220
431.9 335
0.06
613 41
5
53
500
J0782 6622180
682225
431.9 204
0.04
189 32
10
51
548
J0783 6622181
682231
431.6 192
0.04
142 34
8
22
373
J0784 6622179
682237
431.0 86
0.04
114 31
7
35
565
J0785 6622180
682240
432.0 62
0.04
161 33
6
42
391
J0786 6622181
682245
431.6 77
0.06
156 64
4
25
435
J0787 6622180
682250
431.1 71
0.06
88.7 40
4
28
357
J0788 6622181
682257
429.2 59
0.06
79.8 41
3
18
308
J0789 6622179
682261
430.6 37
0.04
98.2 36
5
23
389
J0796 6622171
682265
429.6 30
0.04
91.8 30
5
32
399
J0797 6622170
682260
429.8 56
0.04
103 32
4
22
338
J0798 6622170
682255
430.4 107
0.04
89.2 55
5
23
345
J0799 6622170
682250
431.1 31
0.06
338 46
7
26
474
J0800 6622169
682246
431.4 123
0.06
88.4 38
3
16
296
J0801 6622170
682240
430.1 115
0.06
230 53
4
22
304
J0802 6622169
682235
431.7 77
0.04
351 40
6
31
292
J0803 6622169
682230
431.5 205
0.06
523 52
7
36
379
J0804 6622169
682225
431.4 389
0.04
288 72
6
42
492
J0805 6622169
682215
431.8 171
0.04
384 39
11
10
110
J0806 6622170
682210
431.8 244
0.04
358 32
4
26
326
J0807 6622169
682205
432.0 108
0.04
592 69
5
35
344
J0808 6622168
682199
432.0 292
0.04
493 57
4
19
136
J0809 6622169
682195
432.1 142
0.04
815 55
7
25
184
J0810 6622169
682190
432.2 364
0.06
666 32
3
56
392
J0811 6622169
682185
432.1 556
0.06
818 48
5
26
247
J0812 6622169
682180
432.5 126
0.06
797 36
6
39
260
J0813 6622169
682174
432.1 128
0.08
1510 42
7
41
285
J0814 6622169
682170
432.4 121
0.1
1120 40
8
37
274
J0815 6622169
682165
432.2 100
0.04
991 33
7
35
280
J0816 6622169
682159
431.5 116
0.04
327 29
4
16
145
J0817 6622190
682150
431.8 170
0.04
182 42
6
10
185
J0818 6622190
682155
431.9 129
0.06
882 39
3
13
206
J0819 6622190
682160
432.0 153
0.04
1070 37
7
17
218
J0820 6622190
682165
432.0 367
0.06
674 33
5
22
401
J0821 6622190
682170
432.4 278
0.06
881 82
5
30
294
J0822 6622190
682175
432.3 476
0.06
1420 64
6
24
196
J0823 6622190
682180
432.3 267
0.08
665 32
3
31
270
J0824 6622192
682195
432.0 129
0.08
321 36
7
18
263
J0825 6622189
682200
431.9 585
0.06
606 44
5
30
319
J0826 6622189
682205
432.0 225
0.08
346 22
2
24
683
J0827 6622190
682211
431.9 113
0.08
532 35
7
43
464
J0828 6622190
682215
431.6 45
<0.02
274 23
13
19
237
J0829 6622190
682220
431.6 249
0.04
246 39
9
29
319
J0830 6622190
682230
431.3 45
0.06
215 21
7
29
231
J0831 6622190
682234
431.2 32
0.04
193 20
6
29
263
J0832 6622190
682255
429.9 68
0.04
67.4 47
4
22
394
J0833 6622190
682260
429.5 30
0.04
57.4 28
4
20
329
J0834 6622190
682265
429.3 36
0.04
74 38
5
20
367
J0840 6622200
682200
432.0 259
0.04
317 24
6
31
449
J0841 6622200
682194
432.1 285
0.04
858 30
3
43
307
J0842 6622200
682189
432.1 126
0.04
344 22
4
25
216
J0843 6622200
682185
432.1 183
0.04
777 25
4
37
302
J0844 6622202
682179
431.9 537
0.04
415 37
3
39
301
J0845 6622199
682164
432.1 1560
0.04
1390 60
8
14
145
J0846 6622200
682159
431.8 1050
0.04
658 49
6
16
174
J0847 6622201
682155
431.6 146
<0.02
1.7 14
4
13
309
J0848 6622201
682150
431.9 160
0.04
590 27
6
20
187
J0849 6622199
682146
431.2 82
0.06
791 27
6
28
196
J0850 6622200
682140
430.7 43
0.06
603 168
7
17
246
J0851 6622199
682135
431.3 38
0.04
732 14
3
35
287

17

ASX:MM1

==> picture [97 x 56] intentionally omitted <==

Sample Northing
Easting
RL Au
Ag
As Cu
Pb
Zn
Ni
(m) (m) (m) ppb
ppm
ppm ppm
ppm
ppm
ppm
J0852 6622199
682130
429.4 59
0.04
726 24
4
16
160
J0853 6622199
682124
429.2 61
0.04
652 32
5
30
176
J0856 6622190
682115
428.4 87
0.04
266 26
6
11
164
J0859 6622190
682130
430.5 34
0.02
1300 26
6
39
282
J0860 6622190
682135
430.8 56
0.06
534 18
2
37
693
J0861 6622190
682140
430.9 37
<0.02
2 23
6
31
272
J0862 6622190
682145
431.2 38
0.04
212 29
6
28
200
J0863 6622210
682179
430.9 311
0.08
352 58
4
20
417
J0864 6622210
682175
431.0 130
0.04
633 38
8
18
324
J0865 6622211
682170
431.1 120
0.04
748 47
9
21
539
J0866 6622210
682166
431.1 204
0.06
1940 32
4
36
352
J0867 6622210
682160
431.8 409
0.04
1780 84
9
21
188
J0868 6622210
682155
430.8 355
0.08
918 41
5
15
153
J0869 6622210
682150
430.5 139
0.06
380 16
5
12
356
J0870 6622210
682145
430.2 91
0.04
730 39
6
23
179
J0871 6622211
682139
429.8 60
0.04
349 14
3
14
143
J0872 6622210
682135
429.8 38
0.06
361 21
4
20
239
J0875 6622220
682126
428.7 78
0.04
803 31
4
24
172
J0876 6622220
682130
426.7 61
0.04
413 29
7
31
277
J0877 6622219
682135
427.6 47
0.04
436 22
5
28
220
J0878 6622220
682141
428.1 79
0.04
804 24
7
26
189
J0879 6622219
682146
428.8 208
0.04
724 35
8
19
275
J0880 6622220
682150
430.1 70
0.04
663 33
10
21
317
J0881 6622220
682155
430.3 130
0.06
541 286
2
24
180
J0882 6622220
682160
430.0 68
0.04
697 23
8
37
489
J0883 6622219
682165
430.0 75
0.06
580 40
9
21
352
J0884 6622220
682170
429.7 66
0.04
544 29
6
20
335
J0885 6622231
682165
431.1 57
0.06
527 24
8
29
351
J0886 6622230
682160
431.3 75
0.04
404 29
6
26
405
J0887 6622230
682155
431.1 106
0.12
1000 39
8
38
631
J0888 6622230
682150
431.0 587
0.12
4520 83
9
34
391
J0889 6622229
682146
430.5 120
0.1
1240 36
7
28
319
J0890 6622230
682140
430.1 169
0.04
516 14
6
21
423
J0891 6622230
682134
429.7 117
0.04
918 25
4
23
183
J0892 6622230
682130
429.4 69
0.04
620 38
5
35
399
J0893 6622230
682125
429.0 81
0.04
558 17
4
26
368
J0894 6622230
682121
428.5 45
0.04
517 23
6
31
365
J0895 6622229
682113
427.8 67
0.04
547 24
10
16
187
J0896 6622230
682110
427.2 37
0.06
623 25
8
17
149
J0897 6622230
682104
426.1 46
0.06
1200 24
8
19
162
J0898 6622230
682100
425.5 84
0.08
711 28
6
33
222
J0899 6622230
682095
425.1 59
0.08
326 43
7
34
134
J0900 6622230
682090
424.6 55
0.08
446 43
8
46
184
J0901 6622231
682084
424.2 41
0.04
540 30
6
28
138
J0902 6622230
682079
423.8 36
<0.02
473 26
7
32
187
J0903 6622220
682080
426.4 46
0.04
260 36
9
25
189
J0904 6622220
682085
425.9 48
0.04
324 36
8
28
215
J0905 6622220
682090
426.4 64
0.04
215 26
11
13
98
J0907 6622211
682095
426.9 121
0.1
513 34
4
12
166
J0908 6622210
682090
426.9 86
0.04
396 23
6
18
170
J0909 6622209
682085
426.1 30
0.04
492 25
9
22
139
J0911 6622210
682074
424.6 43
0.04
492 130
9
145
444
J0912 6622209
682069
424.0 92
0.04
280 54
9
34
134
J0913 6622199
682069
423.9 83
0.04
310 54
9
30
137
J0914 6622199
682074
423.9 38
0.06
400 33
9
32
74
J0915 6622199
682080
424.4 96
0.04
536 33
20
21
145
J0916 6622199
682085
424.8 206
0.04
581 42
5
28
378
J0917 6622198
682090
425.2 53
0.04
623 24
7
15
163
J0918 6622199
682095
425.5 161
0.04
612 31
6
12
128
J0919 6622189
682096
425.5 679
0.06
1230 28
7
13
129
J0920 6622189
682090
424.8 201
0.06
460 47
5
21
573
J0921 6622189
682085
424.2 110
0.04
945 26
6
18
540

18

ASX:MM1

==> picture [97 x 56] intentionally omitted <==

Sample Northing
Easting
RL Au
Ag
As Cu
Pb
Zn
Ni
(m) (m) (m) ppb
ppm
ppm ppm
ppm
ppm
ppm
J0922 6622189
682080
423.8 53
0.04
502 14
7
12
92
J0923 6622189
682075
423.3 261
0.04
428 46
7
25
180
J0924 6622190
682069
422.7 167
0.04
535 71
8
59
172
J0927 6622240
682090
424.6 52
0.04
323 35
7
24
149
J0928 6622241
682095
425.1 59
0.04
356 60
8
42
241
J0929 6622240
682100
425.7 59
0.04
528 75
7
44
275
J0931 6622241
682116
427.3 52
0.04
554 31
5
20
234
J0932 6622240
682120
427.6 58
0.06
733 33
6
19
211
J0933 6622239
682125
428.1 79
0.02
670 18
5
32
316
J0934 6622240
682131
427.8 114
0.04
1160 30
5
22
209
J0935 6622241
682135
430.4 72
0.04
1840 33
8
34
382
J0936 6622241
682142
430.7 181
0.06
1090 54
8
18
287
J0937 6622240
682150
430.6 97
0.04
638 24
4
72
651
J0938 6622240
682155
430.6 44
0.04
638 30
4
35
615
J0939 6622240
682161
430.9 42
0.04
584 28
6
34
324
J0940 6622239
682166
431.0 59
0.04
244 31
6
22
307
J0943 6622250
682149
427.9 52
0.04
563 32
6
31
399
J0944 6622250
682145
428.1 84
0.04
490 39
5
31
367
J0945 6622250
682139
427.6 131
0.04
1990 40
6
34
434
J0946 6622251
682135
424.6 97
0.04
2380 46
8
36
300
J0947 6622250
682130
424.6 163
0.04
954 23
4
43
560
J0948 6622250
682124
425.0 77
0.04
806 11
3
50
756
J0949 6622251
682120
424.5 143
0.06
1190 31
6
37
505
J0950 6622250
682114
424.5 78
0.04
860 28
7
22
251
J0951 6622249
682109
424.3 90
0.04
527 26
6
25
291
J0952 6622248
682104
424.0 72
0.04
604 36
6
49
230
J0953 6622249
682099
423.7 52
0.04
436 42
6
35
203
J0954 6622250
682095
423.3 45
0.04
771 36
7
36
229
J0955 6622249
682089
423.1 44
0.04
514 34
8
33
211
J0958 6622260
682080
423.2 37
0.04
644 38
6
33
232
J0959 6622260
682086
423.8 64
0.04
869 31
6
25
173
J0960 6622260
682090
424.3 103
0.04
671 79
5
45
320
J0961 6622260
682095
424.7 148
0.04
660 55
6
34
253
J0962 6622260
682100
425.1 102
0.04
721 36
5
33
192
J0963 6622260
682105
425.3 84
0.04
927 38
6
26
208
J0964 6622260
682110
425.8 126
0.04
1650 40
9
33
297
J0965 6622260
682115
426.1 105
0.04
817 22
5
22
257
J0966 6622259
682120
426.6 158
0.04
1840 32
6
41
494
J0967 6622260
682125
427.0 224
0.04
1290 47
6
33
374
J0968 6622260
682130
427.3 145
0.04
1470 22
4
34
375
J0969 6622258
682135
427.8 253
0.04
2200 32
4
43
365
J0970 6622260
682140
428.3 53
0.04
615 26
5
35
403
J0971 6622260
682145
428.5 42
0.04
554 23
4
28
338
J0978 6622280
682130
426.4 116
0.04
2920 75
4
33
307
J0980 6622280
682120
426.5 65
0.04
354 24
3
25
230
J0981 6622280
682116
426.1 102
0.04
294 32
4
16
176
J0982 6622281
682110
426.4 85
0.04
396 29
8
15
265
J0983 6622279
682106
425.6 160
0.04
907 59
5
18
152
J0984 6622280
682100
424.9 86
0.04
335 33
5
19
144
J0985 6622280
682095
424.3 75
0.04
419 32
6
25
217
J0986 6622279
682089
423.5 122
0.04
1210 46
6
45
223
J0987 6622279
682084
422.9 130
0.1
518 35
6
36
232
J0988 6622279
682078
422.4 80
0.04
1330 57
9
55
323
J0989 6622279
682074
422.2 113
0.04
1930 34
8
38
367
J0990 6622380
682094
422.1 81
0.04
295 24
3
20
150
J0991 6622380
682090
422.0 63
0.04
263 26
5
24
155
J0992 6622380
682084
421.7 34
0.04
355 21
5
25
160
J0993 6622380
682080
421.8 42
0.04
492 37
5
25
163
J0995 6622380
682068
421.1 87
0.04
435 52
4
25
138
J0996 6622380
682065
420.7 35
0.04
907 88
3
28
130
J0997 6622380
682059
420.1 37
0.04
559 91
4
39
140
J0998 6622380
682050
419.9 43
0.06
212 52
6
35
164

19

ASX:MM1

==> picture [97 x 56] intentionally omitted <==

Sample Northing
Easting
RL Au
Ag
As Cu
Pb
Zn
Ni
(m) (m) (m) ppb
ppm
ppm ppm
ppm
ppm
ppm
J0999 6622378
682045
419.3 31
0.04
144 37
6
33
152
J1000 6622380
682039
418.9 38
0.04
163 33
6
28
136
J1001 6622379
682034
418.7 39
0.04
115 36
7
35
149
J1002 6622379
682029
418.4 46
0.04
145 42
7
39
157
J1003 6622379
682024
418.1 55
0.04
108 41
6
32
145
J1004 6622379
682020
418.0 66
0.04
69.8 44
7
40
159
J1005 6622380
682015
417.8 49
0.04
78.8 45
8
43
230
J1006 6622379
682010
417.7 51
0.04
70.1 48
8
35
178
J1009 6622421
681989
416.1 58
0.04
434 36
11
28
228
J1011 6622421
682001
416.4 65
0.04
739 33
11
25
157
J1012 6622420
682005
416.6 168
0.04
559 39
10
29
209
J1013 6622421
682009
416.9 194
0.04
613 51
10
31
240
J1014 6622422
682016
417.3 196
0.04
651 28
10
22
133
J1015 6622421
682020
417.6 135
0.04
804 37
9
23
190
J1016 6622421
682026
417.9 92
0.04
664 24
8
18
122
J1017 6622422
682031
418.1 129
0.04
673 27
8
20
142
J1018 6622421
682036
418.4 142
0.06
1110 39
9
20
175
J1019 6622421
682041
418.6 195
0.06
991 31
7
18
151
J1020 6622420
682046
419.2 145
0.06
936 36
7
21
210
J1021 6622423
682051
419.7 204
0.08
1470 42
7
24
223
J1022 6622460
682050
418.9 81
0.06
388 37
4
30
202
J1023 6622461
682045
418.4 39
0.04
423 32
5
53
386
J1024 6622460
682040
418.3 112
0.04
412 30
3
34
180
J1025 6622461
682030
417.4 57
0.04
467 33
4
38
250
J1026 6622461
682026
417.0 63
0.04
463 49
5
32
208
J1027 6622461
682020
416.3 67
0.04
1770 57
5
28
175
J1028 6622460
682015
416.2 55
0.04
860 42
6
32
189
J1029 6622461
682010
415.6 86
0.04
793 43
8
35
194
J1030 6622460
682005
415.2 58
0.04
514 31
7
28
189
J1031 6622460
682000
415.0 63
0.04
566 34
8
35
215
J1032 6622461
681996
414.7 134
0.06
392 43
8
34
228
J1034 6622460
681986
414.2 96
0.08
363 45
7
36
165
J1037 6622460
681971
414.3 33
0.04
327 33
11
31
137
J1038 6622460
681967
413.5 60
0.04
301 58
9
31
145
J1039 6622461
681961
413.5 50
0.04
249 44
11
35
166
J1041 6622460
681950
412.9 46
0.04
268 41
9
35
119
J1044 6622501
681972
414.9 50
0.04
324 39
8
34
168
J1045 6622499
681975
413.8 73
0.04
210 34
5
25
122
J1046 6622499
681981
414.2 85
0.04
235 32
7
28
133
J1050 6622500
681999
415.0 42
0.04
344 22
9
31
176
J1051 6622499
682006
414.4 162
0.04
616 77
6
28
141
J1052 6622499
682010
414.5 84
0.04
643 23
7
23
127
J1053 6622499
682015
414.7 54
0.04
512 19
7
25
196
J1054 6622499
682020
415.1 47
0.04
747 22
6
25
170

Table 5 – Hawthorn Geochemical Results >30ppb Au (Mixed Acid Digest)

Sample Northing Easting RL Au Ag As Cu Pb Zn Ni Bi Mo Sn W Fe
(m) (m) (m) ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm %
J0656 6621980 682139 419.7 16 0.5 155 40 4.5 148 625
5.6
1.2 4 29 5.1
J0657 6621980 682135 419.9 32 0.4 1770 142 8.5 118 221
6.0
3.4 7.7 79 5.7
J0658 6621980 682130 419.4 33 0.1 300 96 5.5 112 298
2.0
1.8 2 42 6.1
J0659 6621980 682125 419.3 15 -0.1 723 62 11.5 102 230
2.2
2.9 2.4 51 6.3
J0661 6621981 682114 418.8 17 -0.1 347 46 11.5 64 184
2.4
3.5 2.1 34 4.4
J0662 6621990 682115 420.5 18 -0.1 408 50 12 70 227
3.8
4.7 2.5 46 4.9
J0663 6621990 682120 420.4 16 -0.1 634 52 12 82 233
2.8
8 2.2 46 5.1
J0664 6621991 682126 420.0 25 -0.1 155 50 5.5 94 246
1.6
1.4 1.6 31 4.9
J0665 6621991 682130 419.8 20 0.1 469 58 8.5 64 180
3.8
2.4 3.3 57 4.0
J0666 6621990 682136 420.1 22 -0.1 649 170 5.5 174 365
3.0
4.1 2.1 34 7.3
J0667 6621990 682140 420.1 21 0.2 76 36 8 66 253
4.6
2.1 4.1 79 5.7
J0668 6622000 682140 420.8 48 0.1 59 56 7.5 46 178
3.4
1.5 2.5 32 2.9

ASX:MM1 20

==> picture [97 x 56] intentionally omitted <==

Sample Northing Easting RL Au Ag As Cu Pb Zn Ni Bi Mo Sn W Fe
(m) (m) (m) ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm %
J0669 6622001 682135 421.2 33 -0.1 142 88 8 62 222
4.0
2.1 2.7 27 3.9
J0670 6622001 682130 420.2 24 -0.1 882 88 11.5 66 191
4.2
4.5 3.1 78 4.4
J0671 6622001 682126 420.7 18 -0.1 1220 46 10.5 68 188
3.4
2.8 2.6 67 3.9
J0672 6622001 682120 420.5 16 -0.1 675 102 14 74 195
2.6
2.8 1.8 67 5.3
J0674 6622010 682115 420.7 28 -0.1 477 50 10 64 201
6.6
8 3 86 4.7
J0675 6622010 682120 421.0 26 0.1 218 48 9.5 78 295
7.2
4.5 3.9 84 5.0
J0677 6622010 682130 421.6 20 -0.1 146 44 9.5 64 203
4.4
3.9 3.2 53 4.0
J0678 6622010 682135 421.8 24 -0.1 107 34 8 50 210
2.8
2.5 2.1 30 3.6
J0679 6622020 682115 420.7 34 -0.1 208 28 5 80 364
4.2
1.8 2.9 66 4.8
J0680 6622020 682120 421.0 29 -0.1 1390 54 5.5 76 389
5.4
3.3 2.4 100 4.6
J0681 6622020 682125 421.1 39 0.2 345 56 10 66 189
27.6
11.7 11.6 304 4.5
J0682 6622020 682131 421.3 22 -0.1 229 30 7.5 52 221
4.0
4.2 2.4 53 3.3
J0683 6622020 682135 421.3 15 0.1 167 40 5.5 56 248
2.0
5.4 2 20 4.0
J0684 6622020 682145 422.1 18 -0.1 27 24 11 72 210
6.0
1.4 4.9 33 4.5
J0685 6622020 682165 422.6 22 -0.1 20 26 11.5 68 166
5.4
2.2 6.1 104 4.0
J0689 6622021 682245 421.9 17 -0.1 49 40 19 36 217
1.6
1.4 1.8 6 4.1
J0698 6622030 682135 422.1 19 -0.1 42.5 32 7 50 204
2.4
1.9 2.2 19 4.3
J0699 6622030 682130 421.9 25 -0.1 103 38 7 58 216
3.4
2.9 2.1 20 4.0
J0700 6622030 682125 421.6 23 0.1 178 68 10 70 205
15.2
9.7 6.9 145 4.9
J0701 6622030 682120 421.5 51 -0.1 221 56 10 72 175
29.6
7.3 9.4 163 4.6
J0702 6622030 682115 421.4 46 -0.1 390 36 6.5 90 573
11.8
3.1 3.8 94 5.2
J0703 6622031 682110 421.1 37 -0.1 302 38 9 60 232
5.8
3.9 2.6 69 4.1
J0704 6622041 682110 421.1 42 -0.1 338 50 9 74 469
3.4
2.8 2 58 5.5
J0705 6622040 682116 421.2 49 -0.1 430 44 7.5 78 250
10.0
5 4.1 101 5.1
J0706 6622040 682121 421.7 67 -0.1 304 72 10.5 82 183
75.0
11.4 20.1 337 5.2
J0707 6622040 682125 422.0 46 -0.1 523 140 11.5 82 325
7.8
6.4 3.4 63 4.8
J0708 6622040 682130 422.2 29 -0.1 165 74 12 58 196
3.0
2 2 19 5.1
J0709 6622050 682129 422.9 44 -0.1 73 44 6.5 50 178
1.6
1 1.5 13 3.8
J0710 6622050 682125 422.1 34 0.1 119 42 9.5 54 181
3.2
2.2 2.4 27 3.9
J0711 6622052 682121 421.4 30 -0.1 135 48 9 60 209
5.0
3.5 3.8 48 4.8
J0712 6622050 682115 421.7 46 -0.1 397 50 11.5 60 204
6.8
5.1 4.1 111 4.8
J0713 6622050 682109 421.3 51 0.2 574 48 10.5 60 283
6.0
7.9 2.7 74 5.1
J0714 6622060 682105 421.9 36 0.2 428 52 11 66 214
4.6
7 2.9 58 5.4
J0715 6622060 682110 422.6 40 0.2 411 48 10 72 353
5.0
6.4 2.8 71 5.1
J0716 6622060 682115 422.9 52 -0.1 196 48 9.5 52 169
13.8
3.2 4.7 96 3.8
J0717 6622060 682120 423.3 47 -0.1 122 48 8 52 196
4.8
2 3.3 41 4.4
J0718 6622060 682125 423.8 59 -0.1 65 56 6.5 46 203
1.4
0.8 1.6 12 3.2
J0719 6622070 682124 424.4 66 0.1 50 44 5.5 34 177
1.0
0.6 1.7 8 3.0
J0720 6622070 682119 424.1 56 -0.1 172 74 7.5 58 227
2.2
1.3 1.7 24 4.5
J0721 6622070 682115 423.7 51 -0.1 117 46 9.5 50 160
8.6
1.7 4 69 3.9
J0722 6622070 682110 423.4 58 -0.1 261 48 9 60 144
8.2
2.6 3.9 122 4.1
J0723 6622070 682105 423.1 46 -0.1 327 48 9 64 179
9.2
3.1 3.9 129 5.4
J0724 6622080 682099 423.2 46 0.2 469 46 8.5 62 194
6.0
2.8 2.6 76 5.7
J0725 6622080 682105 423.4 80 -0.1 486 50 9 66 201
12.0
2.5 3.9 137 5.2
J0726 6622080 682110 423.9 80 -0.1 566 54 11.5 86 188
81.2
4.7 18.1 602 6.3
J0727 6622080 682114 424.2 66 -0.1 433 40 10 50 164
10.4
2.4 3.8 82 4.1
J0728 6622079 682125 425.1 44 0.1 58 36 6 44 160
1.6
0.7 1.5 14 3.6
J0729 6622090 682125 425.8 36 -0.1 105 34 6.5 48 217
1.2
1 2 11 4.6
J0730 6622090 682120 424.7 29 -0.1 433 36 7.5 72 292
1.8
5.8 3.4 13 5.8
J0731 6622090 682115 424.5 46 -0.1 688 88 6.5 54 126
2.4
1.5 2.5 49 5.6
J0732 6622089 682110 423.9 298 -0.1 583 56 11 64 206
26.0
3.3 6.7 166 5.7
J0733 6622089 682105 423.7 97 0.1 663 48 8.5 66 187
56.8
2.6 16.3 309 5.4
J0734 6622089 682100 423.3 57 -0.1 783 50 10 64 256
26.2
4 3.6 78 5.4
J0735 6622099 682100 423.7 85 -0.1 601 50 9.5 56 200
20.4
3.7 5.6 96 5.3
J0736 6622099 682105 424.3 90 -0.1 216 56 6.5 30 117
3.6
2.7 1.8 20 3.1
J0737 6622100 682110 424.8 30 0.4 201 44 27 38 134
2.6
2.8 1.5 9 3.4
J0738 6622099 682115 425.4 31 0.1 567 66 3.5 70 192
0.6
2.5 0.8 4 6.7
J0739 6622099 682120 425.8 29 0.2 322 34 6.5 58 236
1.0
1.4 1.4 8 5.8
J0740 6622110 682121 426.6 34 -0.1 522 34 5.5 52 319
0.4
2 1 7 5.9

21

ASX:MM1

==> picture [97 x 56] intentionally omitted <==

Sample Northing Easting RL Au Ag As Cu Pb Zn Ni Bi Mo Sn W Fe
(m) (m) (m) ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm %
J0741 6622110 682115 426.2 36 -0.1 511 38 6.5 54 224
0.4
3 1.1 3 6.5
J0742 6622111 682110 426.4 69 -0.1 285 60 7.5 46 194
0.8
1.6 1 4 6.3
J0743 6622110 682105 425.7 46 0.2 205 50 26.5 34 152
12.4
1.7 1.3 13 4.2
J0744 6622110 682100 425.2 50 -0.1 624 64 10.5 84 214
62.6
3.9 23.8 259 8.9
J0745 6622110 682096 424.8 59 -0.1 402 50 10.5 62 221
12.6
2.6 5.5 68 6.2
J0746 6622139 682095 426.1 67 1.1 368 36 6 48 131
2.2
0.8 0.9 8 3.7
J0747 6622140 682100 426.6 86 -0.1 466 32 4 118 683
1.2
0.9 1.5 8 7.6
J0748 6622140 682112 427.5 167 -0.1 573 60 2.5 32 107
1.4
0.8 0.6 2 4.1
J0749 6622140 682115 428.0 58 -0.1 728 18 7.5 68 221
0.2
1.3 0.9 2 7.3
J0750 6622140 682120 428.2 32 -0.1 247 34 7.5 50 214
0.4
1.6 1 2 5.5
J0751 6622140 682125 428.7 22 -0.1 203 32 8 46 230
0.4
1.9 1.3 2 6.2
J0752 6622140 682130 428.4 32 -0.1 194 28 7 48 229
0.6
1.6 1.3 2 4.9

Table 6 – Carterton North Geochemical Results >15ppb Au and/or >150ppm Cu

Sample Northing Easting RL Au Ag As Cu Pb Zn Ni Bi Mo Sn W Fe
(m) (m) (m) ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm %
J0001 6628660 682810 383.4 9 0.1 2 262 25 126 85 1.0 2.0 2.4 15.1 4.4
J0002 6628660 682820 383.4 8 0.1 3 266 18 108 81 1.0 2.0 2.0 14.9 4.3
J0003 6628660 682830 383.4 9 0.2 2 256 20 122 88 1.0 2.3 2.1 12.1 4.7
J0004 6628662 682842 383.5 7 0.2 2 186 20 110 88 1.0 2.0 2.0 8.9 4.5
J0005 6628661 682850 383.6 11 0.3 3 166 15 76 65 0.6 1.7 1.3 6.0 3.1
J0012 6628660 682920 384.1 16 0.2 3 84 15 58 51 0.8 0.9 1.2 3.5 3.1
J0038 6628740 682810 382.4 6 0.1 2 164 21 108 88 0.8 1.8 3.4 5.8 4.3
J0039 6628740 682801 382.5 12 0.1 3 176 15 88 61 0.6 1.9 1.9 8.9 3.5
J0040 6628740 682791 382.3 9 -0.1 2 252 16 82 59 0.6 1.6 2.3 11.0 3.3
J0041 6628740 682780 382.2 10 -0.1 2 258 15 88 58 0.8 2.4 2.6 21.8 3.3
J0042 6628740 682771 382.2 10 0.1 2 180 14 82 59 0.6 1.4 1.6 10.4 3.0
J0044 6628821 682752 379.6 5 0.1 3 156 14 78 73 1.0 1.3 1.8 7.7 3.6
J0069 6628820 683000 381.3 31 0.1 2 22 15 34 35 0.6 1.0 1.4 2.3 2.7
J0102 6628260 683060 388.8 19 0.1 3 62 13 46 32 0.4 1.0 0.8 2.8 2.1
J0103 6628259 683050 388.8 15 0.4 2 56 12 48 36 0.2 1.0 1.4 3.5 2.2
J0104 6628260 683040 390.8 21 -0.1 3 66 11 42 37 0.2 0.8 0.9 2.8 1.9
J0105 6628260 683031 388.6 16 0.3 3 74 18 42 26 0.4 0.8 1.1 18.6 1.4
J0106 6628259 683021 388.5 18 0.1 2 56 15 50 42 0.4 1.2 1.0 2.8 2.2
J0111 6628259 682972 388.3 15 -0.1 3 86 19 82 61 0.6 2.1 1.1 4.5 3.3
J0113 6628262 682951 388.2 13 0.4 2 180 19 138 87 0.8 4.4 3.3 6.6 4.2
J0120 6628340 682910 387.4 18 0.2 3 174 15 150 60 1.6 0.8 1.7 13.2 3.5
J0121 6628339 682920 387.4 16 0.2 2 118 15 100 60 1.4 0.9 1.8 30.1 3.4
J0123 6628340 682940 387.3 10 0.2 3 178 20 126 96 1.0 3.0 2.0 9.4 4.6
J0124 6628339 682950 387.4 15 0.3 2 150 18 122 88 10.4 2.1 3.8 6.5 4.4
J0127 6628340 682980 387.8 17 0.1 3 64 12 64 47 0.4 1.1 1.2 3.9 2.5
J0130 6628341 683013 388.0 15 0.7 3 54 11 52 27 0.2 1.7 2.8 3.2 2.1
J0131 6628341 683020 388.1 22 0.2 3 64 12 40 26 0.2 1.4 2.0 2.7 2.0
J0132 6628339 683030 388.2 31 0.3 3 54 18 48 35 0.4 0.8 2.6 2.6 2.3
J0133 6628340 683039 388.2 20 0.2 2 50 22 52 38 0.4 0.8 2.4 2.5 2.4
J0134 6628340 683050 388.4 22 0.2 2 56 19 48 35 0.6 0.9 2.6 3.0 2.2
J0135 6628340 683059 388.4 22 0.2 3 50 16 50 37 0.4 0.9 2.3 2.6 2.2
J0136 6628339 683069 388.5 16 0.2 2 48 18 52 37 0.8 0.9 2.2 3.1 2.4
J0142 6628420 683041 387.2 31 0.2 2 92 30 52 22 0.2 2.9 2.1 2.6 1.5
J0144 6628420 683020 386.9 23 0.8 3 62 16 50 43 0.8 1.7 3.0 3.4 2.5
J0151 6628420 682951 386.7 9 0.2 2 178 19 118 87 1.0 2.4 3.3 7.0 4.1
J0152 6628419 682939 386.7 7 0.2 3 192 25 122 96 1.6 2.6 5.1 11.6 4.8
J0153 6628421 682930 386.8 8 0.2 3 200 21 132 103 1.0 2.3 4.4 9.4 4.9
J0156 6628419 682900 386.6 28 0.4 3 114 20 104 78 1.0 1.3 3.5 7.4 4.4
J0158 6628500 682870 385.8 9 0.3 2 152 18 116 76 1.0 1.2 4.9 9.4 4.1
J0159 6628500 682880 385.8 6 0.2 2 224 21 138 93 1.2 1.9 3.6 8.9 4.7
J0160 6628500 682890 385.9 6 0.2 2 190 21 126 96 1.2 4.2 2.7 10.7 4.9

22

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Sample Northing Easting RL Au Ag As Cu Pb Zn Ni Bi Mo Sn W Fe
(m) (m) (m) ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm %
J0161 6628498 682901 385.9 5 0.2 2 240 22 140 106 1.4 2.5 4.5 11.5 5.1
J0162 6628499 682910 385.9 7 0.2 2 186 20 120 97 1.0 1.9 3.6 7.8 4.8
J0163 6628502 682920 385.9 9 0.3 3 176 21 122 101 1.0 2.9 4.2 8.9 4.8
J0164 6628498 682929 386.0 7 0.2 2 162 22 130 108 1.2 3.5 3.5 6.5 4.7
J0168 6628500 682972 386.2 32 0.4 2 98 17 52 47 0.4 2.0 1.6 4.7 2.2
J0170 6628501 682990 386.4 17 0.2 2 64 31 42 37 0.4 1.9 1.3 2.5 1.9
J0189 6628579 682891 384.4 9 0.1 2 184 20 114 90 1.0 4.6 2.2 7.6 4.4
J0190 6628580 682881 384.3 10 0.1 3 208 18 96 84 1.0 3.4 2.0 8.4 4.3
J0191 6628579 682870 384.4 5 0.1 3 206 24 134 108 1.0 2.7 2.5 8.0 5.3
J0192 6628580 682861 384.3 10 0.1 2 240 19 100 83 1.2 2.5 2.5 10.2 4.1
J0193 6628581 682851 384.1 12 0.1 3 260 16 92 77 1.0 2.6 2.7 11.0 4.0
J0194 6628579 682841 384.0 14 0.2 2 264 17 92 71 1.0 2.0 2.2 10.6 3.6
J0195 6628579 682831 384.2 11 0.2 2 220 18 100 71 1.0 1.4 2.3 10.2 3.7
J0200 6628660 682799 383.3 6 0.1 2 164 19 94 64 1.0 1.6 2.8 11.6 3.4

Table 7 – Carterton South Geochemical Results >15ppb Au and/or >150ppm Cu

Sample Northing Easting RL Au Ag As Cu Pb Zn Ni Bi Mo Sn W Fe
(m) (m) (m) ppb ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm %
J0501 6623039 685201 424.7 15
-0.1
3 132 10 104 168 0.8 0.8 2.6 5.3 8.1
J0510 6622880 685262 429.7 1
-0.1
4 156 7.5 76 86 1.0 1 1.8 7.5 4.5
J0514 6622879 685181 428.7 3
-0.1
6 190 4.5 38 127 0.4 0.7 1.9 4.0 8.7
J0524 6622559 685242 435.3 22
-0.1
4 112 6 62 69 2.8 0.5 1.3 1.9 5.2
J0525 6622560 685262 433.7 20
-0.1
1 112 5.5 56 80 1.2 0.4 1.0 1.7 5.9
J0542 6622240 685299 428.3 2
0.1
4 258 10 86 91 6.8 0.5 4.9 5.0 7.9

Table 8 – Midas Pegmatite and Granite Rock Chip Sample Descriptions

Sample East North Lithology Comment
N24004 682499 6618173 Pegmatitic pegmatitic zone in granitic unit
granite
N24005 682736 6621294 Granite Albite, quartz, biotite. Largely 5mm grainsize, equigranular. Leuco apart from
bt. Fresh. Rare feld megacrysts up to 20mm
N24006 682682 6621219 Granite Granite sample, equigranular with biotite, no muscovite
N24007 679681 6627882 Granite Qtz, feldspar, Biotite, Minor alignment of biotite and slightly weathered.
N24012 682387 6627366 Pegmatitic Leucocratic. Albitic? Groundmass with quartz eyes. Minor green muscovite
granite
N24015 681622 6623025 Pegmatitic Fine grained albite and green muscovite. Almost aplitic. Looks fractionated
granite
N24024 685230 6623133 Pegmatite Feathery lepidolite rich peg scree, purple hue.
N24025A 685277 6623121 Pegmatite Very fine-grained peg scree with blue mineral?
N24025B 685277 6623121 Pegmatite isolated grey mica zone? Altered xenolith?
N24026 685235 6623135 Pegmatite Peg scree, coarse purple lepidolite, albite ground mass
N24027 685322 6623306 Pegmatite Poor subcrop, low mica

Table 9 – Midas Pegmatite and Granite Rock Chip Sample Assays

Sample Li2O Li Cs Ta Sn Rb Be Nb K/Rb
% ppm ppm ppm ppm ppm ppm ppm ratio
N24004 10 5 3 1 270 5 40 90
N24005 0.02 90 6 4 5 340 5 35 114
N24006 0.02 80 4 3 4 320 5 25 134
N24007 0.01 40 3 2 2 280 2 15 142
N24012 10 2 112 2 160 75 55 42

23

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Sample Li2O Li Cs Ta Sn Rb Be Nb K/Rb
% ppm ppm ppm ppm ppm ppm ppm ratio
N24015 <10 2 12 <1 200 15 80 83
N24024 0.74 3450 381 93 25 4600 144 45 6
N24025A 0.03 120 85 101 24 2560 106 45 10
N24025B 0.09 430 242 113 28 3230 81 30 9
N24026 0.71 3290 302 180 36 4090 177 60 6
N24027 10 22 138 7 590 27 45 24

Table 10 – Prior Geochemical Results >30ppb Au, Hawthorn and Mayfield East

Sample East North Au Ag As Bi
Cu
Mo Ni Sb Sn Te W
(m) (m) ppb ppm ppm ppm
ppm
ppm ppm ppm ppm ppm ppm
KWN17623 682000 6622500
84
-0.05 531 2.5
43
1.2 157 3.9 0.9 -0.2 19.4
KWN17624 682000 6622400
71
-0.05 496 0.3
76
2.3 184 2.2 0.9 -0.2 0.9
KWN17625 682000 6622300
40
-0.05 537 0.3
54
1.1 155 12.1 0.9 -0.2 1.4
KWN17998 682040 6622500
32
0.05 698 0.1
32
1.7 1133 3.1 0.4 -0.2 0.7
KWN18004 682040 6622400
44
0.09 548 0.5
34
1.3 328 4.3 0.7 -0.2 3.5
KWN18006 682120 6622400
52
-0.05 385 0.1
33
1.0 427 2.2 0.3 -0.2 0.8
KWN18012 682040 6622100
72
-0.05 94 0.7
46
0.4 372 1.5 0.7 -0.2 5.7
KWN18342 682100 6622500
36
-0.05 83 0.4
31
1.3 440 5.1 0.9 -0.2 3.8
KWN18344 682020 6622500
49
-0.05 1590 0.3
30
1.3 335 10.4 0.4 -0.2 2.2
KWN18345 682000 6622500
96
-0.05 346 2.0
37
0.5 196 3.1 0.7 -0.2 16.2
KWN18346 681980 6622500
82
-0.05 514 0.5
81
0.7 140 4.3 0.5 -0.2 7.3
KWN18347 681960 6622500
36
-0.05 474 1.7
151
1.6 187 2.1 0.7 -0.2 2.6
KWN18353 681940 6622400
55
0.14 108 0.6
48
1.2 222 3.8 0.9 -0.2 1.7
KWN18356 682000 6622400
55
-0.05 243 0.3
57
1.3 169 3.8 0.6 -0.2 1.1
KWN18357 682020 6622400
87
-0.05 336 0.4
59
1.1 332 5.7 0.9 -0.2 1.7
KWN18358 682060 6622400
186
-0.05 262 0.2
12
0.4 436 8.2 0.4 -0.2 0.4
KWN18360 682140 6622400
85
-0.05 199 0.2
41
1.7 473 6.3 0.9 -0.2 2.8
KWN18362 682120 6622300
85
-0.05 479 0.1
39
0.4 220 2.7 0.3 -0.2 0.4
KWN18363 682100 6622300
63
-0.05 241 0.1
25
1.0 244 4.2 0.4 -0.2 0.8
KWN18364 682080 6622300
117
-0.05 317 0.2
61
0.6 128 4.6 0.3 -0.2 0.8
KWN18365 682060 6622300
89
0.07 771 0.3
46
1.0 417 9.8 1.0 -0.2 1.6
KWN18366 682040 6622300
108
0.06 853 1.8
39
2.9 291 11.3 1.0 0.2 4.8
KWN18367 682020 6622300
59
-0.05 866 0.9
48
2.8 309 12.4 1.4 -0.2 4.0
KWN18369 681980 6622300
63
0.06 273 0.5
80
1.8 162 3.9 1.3 -0.2 1.2
KWN18370 681960 6622300
44
-0.05 306 0.4
47
1.4 124 5.1 0.6 -0.2 1.3
KWN18371 681940 6622300
59
0.05 171 1.3
49
0.9 201 4.0 0.8 -0.2 1.7
KWN18379 682000 6622100
32
0.07 32 0.5
41
0.2 877 0.8 1.0 -0.2 2.5
KWN18755 682100 6622200
206
0.1 716 0.2
40
1.3 299 5.1 0.6 -0.2 1.4
KWN18757 682180 6622200
386
0.09 1181 0.3
57
5.1 452 11.9 0.6 -0.2 2.9
KWN18758 682220 6622200
97
-0.05 413 405.6
23
258.7 226 2.3 1.0 10.3 7.2
KWN19101 682240 6622200
52
0.19 89 0.8
37
1.1 322 1.1 0.5 -0.2 1.8
KWN19102 682260 6622200
32
0.2 342 0.5
113
2.7 436 0.9 0.5 -0.2 1.5
KWN19753 682120 6622080
71
-0.05 1266 21.1
90
4.1 182 1.2 3.4 0.5 240.4
KWN19765 682120 6622040
130
-0.05 235 238.4
269
55.7 163 1.2 96.6 9.4 1860.1
KWN19769 682200 6622200
62
-0.05 555 0.3
36
2.1 709 5.7 0.7 -0.2 1.8
KWN19770 682190 6622200
42
0.05 666 0.2
17
2.9 444 4.6 0.6 -0.2 1.4
KWN19771 682170 6622200
1730
0.23 6424 1.0
195
46.2 291 121.0 1.0 -0.2 6.5
KWN19772 682160 6622200
660
0.09 1723 0.4
61
7.7 419 59.8 0.9 -0.2 4.0
KWN19773 682150 6622200
78
-0.05 747 0.1
18
3.0 449 8.5 0.5 -0.2 1.3
KWN19774 682130 6622200
59
-0.05 781 0.2
22
4.0 491 7.5 0.6 -0.2 1.4
KWN19777 682090 6622200
39
-0.05 519 0.3
18
7.3 189 1.6 0.6 -0.2 0.8
KWN19778 682080 6622200
315
0.1 486 2.8
18
3.9 102 6.1 0.8 -0.2 1.8
KWN19781 682100 6622250
35
-0.05 2069 0.4
81
4.2 823 5.7 1.0 -0.2 1.3
KWN19782 682120 6622250
68
0.05 2777 0.1
67
5.4 371 5.9 0.5 -0.2 0.5

24

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Sample East North Au Ag As Bi
Cu
Mo Ni Sb Sn Te W
(m) (m) ppb ppm ppm ppm
ppm
ppm ppm ppm ppm ppm ppm
KWN19783 682140 6622250
332
0.11 2539 0.3
45
5.1 392 22.4 0.9 -0.2 5.0
KWN19784 682160 6622250
38
-0.05 851 0.1
33
1.1 517 3.4 0.5 -0.2 0.9
KWN19790 682080 6622350
55
-0.05 237 0.2
52
0.8 305 3.7 1.1 -0.2 2.6
KWN19793 682020 6622350
32
-0.05 223 0.2
46
0.8 148 2.4 1.0 -0.2 0.9
KWN19794 682000 6622350
74
0.06 204 1.3
75
1.9 131 3.1 0.7 -0.2 1.6
KWN19795 681980 6622350
74
-0.05 226 0.4
57
1.5 185 5.4 0.8 -0.2 1.0
KWN19796 681960 6622350
41
-0.05 710 0.5
75
5.4 161 2.3 1.3 -0.2 1.5
KWN19798 681940 6622450
86
0.09 295 0.8
57
2.2 180 3.8 1.2 -0.2 2.7
KWN19799 681960 6622450
112
0.17 285 9.6
55
9.9 179 2.3 1.1 0.3 4.6
KWN19800 681980 6622450
35
0.49 773 0.9
61
1.8 226 2.3 1.2 0.3 3.1
KWN19801 682000 6622450
56
0.08 727 0.8
44
2.2 308 5.4 1.7 -0.2 12.1
KWN19802 682020 6622450
91
0.07 1086 1.2
76
2.4 286 5.3 1.7 -0.2 6.3
KWN19803 682040 6622450
118
0.11 1207 0.4
84
3.7 419 5.4 0.9 -0.2 2.9
KWN19804 682060 6622450
112
0.09 1681 0.2
130
4.3 195 8.6 0.6 -0.2 3.9
KWN19805 682080 6622450
50
-0.05 266 0.1
18
1.1 679 6.0 0.4 -0.2 1.6
KWN19806 682100 6622450
55
0.15 102 0.1
17
0.7 1219 8.7 0.3 -0.2 0.7
KWN19810 682120 6622040
110
-0.05 100 2317.8
168
47.7 73 1.4 141.4 84.2 3609.0
NEAU0044 682801 6624201
23
-0.01 2 0.1
46
0.2 53 0.1 0.4 0.1 0.1

Except for sample NEAU0044 no RLs recorded.

Table 11 – Prior Rock Chip Samples, Hawthorn

Sample East North Au Au Sn W Mo Bi Cu Ag As Sb
g/t ppb ppm ppm ppm ppm ppm ppm ppm ppm
HAW171001 682172 6622185
1.94
1,939 0.2 4 59.4 1.3 166 0.26 3199 64.1
HAW171002 682172 6622185
0.62
622 0.4 25.5 24.2 0.8 154 0.11 2028 27
HAW171003 682172 6622185
0.66
663 0.4 9.4 21.5 0.7 428 0.07 10000 66.2
HAW171006 682096 6622175
0.00
4 0.2 1.8 1.1 0 8 -0.05 218 6.3
HAW171007 682124 6622208
0.00
3 0.1 0.6 3 0.1 20 -0.05 578 5
HAW171008 682124 6622208
0.00
-1 0.8 0.3 0.1 0.4 3 -0.05 4 0.3
HAW171101 682167 6622194
0.09
88 0.4 3 57.8 0.1 200 -0.05 2623 12.7
HAW171102 682167 6622194
0.11
108 1 3.4 58.3 0.1 213 0.17 2972 14
HAW171103 682174 6622198
9.71
9,705 0.2 6.7 44.5 2.1 183 0.26 7116 188.9
HAW171104 682114 6622202
0.52
519 -0.1 0.1 2 0.1 81 0.13 2504 63.5
HAW171105 682114 6622202
0.61
610 0.1 1 6.9 0.6 310 0.2 9349 294.9
HAW171106 682171 6622186
0.10
103 0.2 0.9 11.7 0.7 338 0.81 315 2.3
HAW171107 682118 6622055
0.10
100 0.6 27.8 134.6 9.9 131 0.07 805 0.7
HAW171201 682173 6622199
0.37
371 0.6 3.8 9.4 0.1 111 0.08 2486 14.5
HAW171202 682227 6622212
0.00
4 1.8 5.5 1.6 0.2 4 -0.05 27 0.2
HAW171203 682200 6622184
0.40
395 0.9 8.8 3.2 0.2 397 -0.05 2649 18.4
HAW171204 682183 6622194
0.72
716 0.3 6.8 23.2 1 76 0.13 4231 20.9
HAW171205 682221 6622209
0.01
6 2.3 4.5 0.9 0.9 2 -0.05 14 0.1
HAW171206 682224 6622199
0.02
22 1.8 5.5 1 0.1 14 -0.05 107 0.7
HAW171207 682170 6622197
0.07
67 0.4 2.4 11.6 0.1 82 -0.05 3111 14.8
HAW171208 682197 6622185
0.35
349 0.6 3.6 5.8 0.5 157 -0.05 4282 57.9
HAW171209 682117 6622052
4.03
4,030 0.5 186.1 259.7 265.1 944 1.58 14631 2.2
HAW171210 682227 6622213
0.02
18 3.5 4.4 1.4 0.5 8 -0.05 195 0.9
HAW180105 682060 6622095
0.00
2 0.7 1.2 1.2 1.6 6 -0.05 25 0.3
HAW180106 682062 6622105
0.00
2 0.4 0.8 2 2.8 7 0.07 33 0.2
HAW180107 682143 6622008
0.00
2 0.5 0.8 7.1 1.1 15 -0.05 3 0.1
HAW180108 682111 6622107
0.05
50 0.3 6.1 1.5 0.9 118 -0.05 804 3.4
HAW180109 682106 6622117
0.00
2 0.2 0.3 0.1 0.1 3 -0.05 11 0.9
HAW180110 682105 6622118
0.00
4 0.5 4.9 3.6 0.3 22 -0.05 40 0.2
HAW180111 682063 6622094
0.00
2 0.5 1.2 0.7 7.4 4 -0.05 36 0.2
HAW180112 682106 6622109
0.00
4 0.6 3.9 6.7 0.6 30 -0.05 69 0.1

25

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Sample East North Au Au Sn W Mo Bi Cu Ag As Sb
g/t ppb ppm ppm ppm ppm ppm ppm ppm ppm
HAW180113 682141 6622007
0.01
9 93.8 1.5 0.4 12.7 3 -0.05 4 0.2
HAW180114 682064 6622097
0.00
2 1 1.3 3.7 1.3 2 -0.05 12 0.2
HAW180115 682104 6622113
0.01
12 0.7 12 5.6 5.3 25 0.11 28 0.2
HAW180116 682060 6622116
0.00
3 0.6 1.1 1.7 0.6 4 -0.05 24 0.2
HAW180117 682161 6622022
0.00
3 1.2 2.2 24.8 11.3 25 0.09 8 0.1
HAW180118 682056 6622121
0.00
1 0.5 0.7 1.2 0.5 2 0.07 18 0.2
HAW180119 682060 6622094
0.00
3 0.5 1.6 1 0.2 69 0.18 98 1.3
HAW180120 682122 6621965
0.00
2 1.6 4.7 0.4 0.8 4 -0.05 16 0.1
HAW180601 682118 6622053
1.01
1,005 0.2 136.6 273.1 118.8 1006 0.63 18700 0.9
HAW180602 682120 6622054
8.61
8,611 1.1 69.5 37.2 368.7 740 4.67 11200 0.8
HAW180901 682055 6622166
0.10
101 0.4 5.3 1.3 3.4 30 -0.05 1028 8.1
HAW180906 682063 6622168
0.01
8 0.2 2.8 1 0 20 -0.05 560 7
HAW180907 682134 6622056
0.00
1 2.1 3.7 0.3 10.6 3 -0.05 26 0.3

Samples HAW171001, 171006, 171101-171103, 171106, 171203-171204, 171208-209, 180601, 180906 contained more than 20% Fe. Samples HAW171002-171003, 171201, 171207, 180602 not assayed for Fe. No RLs recorded.

Table 12 – Prior RC Drilling, Hawthorn

Hole ID East North RL decl. Azm. depth
from
to m Au g/t
NERC010 682136
6622055

425
-60 270 82 27 28 1 0.55
53 62 9 0.22
NERC011 682181
6622054

424
-60 270 118
NSI
NERC012 682179
6622203

432
-60 270 170
9
23 14 0.88
incl.
10
11 1 1.37
and
16
20 4 1.65
76 80 4 0.90
81 84 3 0.16
NERC013 682226
6622200

432
-60 270 148
52
60 8 0.19

NERC010: 24-32m, 8m averaging 163ppm Bi, 683ppm W, 63ppm Mo, 7ppm Te

Holes 10, 12, 13 all intercepted broad zones of anomalous gold and arsenic

ASX:MM1 26

==> picture [97 x 56] intentionally omitted <==

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.
Recent Auger geochemical samples generally
taken at or near bottom of shallow holes which
ranged from 0.3m to 1.2m in depth, drilled by
purpose-built auger rig.
Drilling and sampling were undertaken in an
industry standard manner with supervision by a
geologist.
Prior Auger geochemical samplesgenerally
taken at or near bottom of shallow holes which
ranged from 0.3m to 1.9m in depth, drilled by
purpose-built auger rigs.
Sample sizes range from 0.3-0.5kg are
considered appropriate for the material sampled.
Midas Rock chip samplesare taken from
pegmatite and granite outcrops.
Sample sizes range from 0.5-2.0kg are
considered appropriate for the material sampled.
Prior DiscovEx chip samplesare taken from
quartz, host rock and ironstone outcrops.
Sample sizes were not recorded.
Overall auger and rock chip sampling was
undertaken in an industry standard manner.
The independent laboratories pulverised the
entire geochemical samples for analysis as
described below.
No standards or duplicates were used except by
the laboratory.
For Prior RC drill holes NERC010–13:
2kg - 3kg samples collected and laid out on 1m
intervals. Samples collected in calico bags via a
cone splitter. Cyclone/sampling equipment
cleaned regularly during drilling.
Mineralisation was determined qualitatively
through rock type, sulphide and quartz content
and intensity of alteration.
Single metre samples were split via a cone
splitter into pre-numbered calico bags and
placed next to sample piles. Only single metre
splits were reported.
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.).
For prior RC drill holes NERC010–13:
Contractor, Strike Drilling was used. The rig
consisted of a T450 Schramm truck mounted
AC/RC rig with 1000cfm x 430psi on board
compressor.
Drill sample
recovery

Method of recording and assessing core
and chip sample recoveries and results
assessed.
For prior RC drill holes NERC010–13:
During the RC sample collection process,
recoveries recorded at the time of logging.
From the collection of recovery data, no
identifiable bias exists.

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Criteria
JORC Code Explanation
Commentary

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.
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.
Auger geochemical sampleswere not logged.
For Prior RC drill holes NERC010–13: Holes
logged to a level of detail to support future
mineral resource estimation: lithology; alteration;
mineralisation; structural. Qualitative: lithology,
alteration, foliation. Quantitative: vein
percentage; mineralisation (sulphide)
percentage. Logging is both qualitative and
quantitative or semi quantitative in nature. All
holes logged for the entire length of hole.
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.
Midas rock chip samples prepared at Nagrom
were dried and crushed to a top size of 6.3mm.
Crushed samples were pulverised to 80%
passing 75 microns. 1:20 samples were split to
produce a duplicate for QAQC purposes.
The Midas auger geochemical samples 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.
No standards or blanks were submitted for
geochemical and rock chip sampling by all
parties. Laboratories utilised their own QA/QC
procedures, including duplicate splits and
standards.
The preparation methods are appropriate for the
sampling method.
For prior RC drill holes NERC010–13:whole
samples for each metre were collected and
placed onto the ground in rows of 20. Composite
sampling was completed with a scoop. All
samples were dry. Single metre samples were
split via a cone splitter into pre-numbered calico
bags and placed next to sample piles.
2-3kgs of sample was submitted to Minanalytical
in Kalgoorlie for sample prep, then transported to
Perth for analysis. Samples were oven dried at
100 degrees Celsius then pulverized in LM5 mills
to 85% passing 75micron.
The QC procedure adopted through the process
includes: OREAS certified material (CRM) was
inserted at a rate of 1:50, the grade ranges of the
CRM’s were selected based on grade
populations.
Field duplicates were collected at a rate of 1:50,
these were collected during RC drilling at the
same time as the primary sample. The sample
sizes are believed to be appropriate to correctly
represent the style of gold mineralisation in the
region.

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Criteria
JORC Code Explanation
Commentary
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.
At Nagrom,Midas rock chip sampleswere fused
with sodium peroxide and digested in dilute
hydrochloric acid. The resultant solution was
analysed by Inductively Coupled Plasma (ICP)
for Be, Cs, Ge, Hf, Li, Nb, Rb, Sn, Ta, Th, U, Ti,
Fe, Zr, Ca, K, As and Te.
The sodium peroxide fusion – hydrochloric digest
method offers total dissolution of the sample and
is useful for LCT mineral matrices that may resist
acid digestions.
Industry, normal practice, QAQC procedures
were followed by Nagrom.
Midas auger geochemical samplesJ0001-J0200,
J0404-J0594, J0656-J0752 were analysed at
Bureau Veritas for Au by Aqua Regia digest and
a Mixed Acid digest for Ag, As, Be, Bi, Cs, Cu,
Fe, Li, Mg, Mo, Nb, Ni, Pb, Rb, Sn, Ta, W, Y, Zn
determined by either ICP Optical Emission
Spectrometry (OES) or Mass Spectrometry (Ms).
The Mixed Acid. This digest approximates a
'total' digest in most samples. Some refractory
minerals may not be fully attacked.
The techniques are considered quantitative in
nature.
Midas auger geochemical samplesJ0232-J0403,
J0595-J0655, J0753-J1317 were analysed at
Bureau Veritas with aqua regia digest with
determinations by ICP Mass Spectrometry (MS)
for Ag, As, Au (Aqua Regia), Cu, Ni, Pb, Zn.
Aqua digest is extremely efficient for extraction
of gold however considered as a partial digest
for other elements.
Based on laboratory QA/QC, assays were
considered satisfactory.
Multi-element analysis forprior auger sampling
by Discovex: Au was completed using 10g
aqua regia with Ag, Al, As, Ba, Be, Bi, Ca,
Cd, Ce, Co, Cu, Cr, Cs, Fe, Ga, Hf, In, K, La,
Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re,
Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Tl, U, V, W, Y,
Zn, Zr determined byeither an MS or
OES finish, completed by MinAnalytical
(ALS)
Multi-element analysis forprior auger sampling
by Fleetstreet:Gold was completed using 25g
aqua regia with a 4 Acid digest for Ag, As,
Ba, Be, B, Bi, Cd, Co, Cu, Cr, Cs, Fe, In, Li,
Mg, Mn, Mo, Ni, Pb, Pd, Pt, S, Sb, Se, Sn,
Ta, Te, W, Zn determined byeither an MS or
OES finish completed by Intertek-Genalysis.
Multi-element analysis forHAW series rock chip
sampling,gold was assayed using 25g aqua
regia with a 4 Acid digest for Ag, As, Be, Bi,
Co, Cu, Cs, Fe, In, Li, Mg, Mn, Mo, Ni, Pb,
Pd, Pt, S, Sb, Se, Sn, Ta, Te, W, U, Zn
determined byeither an MS or OES finish
completed by Intertek-Genalysis. Gold for
samples HAW171006 – 171008 was determined
by fire assay.
For prior RC drill holes NERC010–13: Samples
were submitted to Minanalytical inKalgoorlie

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Criteria
JORC Code Explanation
Commentary
for sample prep, then transported toCanning
Vale for analysis. All composite samples were
analysed by a 25g aqua regia. The use of aqua
regia for low level gold is considered suitable.
Aquaregia is a partial digest. For all samples
assayedabove 4g/t Au and/or single metre riffle
split samples, a 50g Fire Assay was completed.
Fire assay are classified as total assays. Field
duplicates are collected at a rate of 1:50 with
CRM’s inserted at a rate of 1:50 also. The
graderanges of the CRM’s were selected based
on grade populations.
No geophysical (XRF) tools were used to
determine any element concentrations used in
the reported results.
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.
No verification or twin holes undertaken, not
applicable for the early-stage exploratory
programs undertaken.
Recent and historicaldata is recorded digitally
withinstandard industry software with assay
results received digitally also.
All data is stored within a suitable database.
No adjustments to applied to data.
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 50
GDA 1994 MGA.
Midas rock chip samplelocations recorded with
a handheld GPS (+/- 3m).
Midas Auger samplelocations were survey using
a GNSS DGPS (+/- 0.5m horizontal and 1.5m
vertical).
Prior (Discovex and Fleetstreet) auger
geochemical and rock chip samplelocations
were located using handheld GPS to an
accuracy of +/-3m.
RC Drill holelocation is recorded with a RTK
GPS (+/- 0.05m (horizontal) and 0.1m (vertical)
Gravity locations were recorded with a GNSS
GPS system and utilised post processing
utilizing a base station.
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.
All rock chip sampleswere taken at random
intervals.
Midas auger sampleswere collected at intervals
ranging from 5m to 20m on lines spaced at 20m
to 160m depending on the target size and
priority.
Prior auger samples were collected at intervals
ranging from 20m to 50m on lines spaced at 40m
to 200m.
NERC010 to 13were drilled at 43m to 49m
spacing on two lines approximately 150m apart.
Gravity station grids were nominally 50m by
200m to 50m by 400m.
The data is not appropriate for calculation of a
Mineral Resource. None of the reported drill hole
intervals include 4m sample composite sample
results. All reported intercepts are based on 1m
sample splits.

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Criteria
JORC Code Explanation
Commentary
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.
Geochemical sample lines were generally
undertaken on east-west traverses which are
approximately perpendicular to the interpreted
strike of the mineralised structures.
Drill holes were orientated approximately
perpendicular to the interpreted strike of the
mineralised structures.
Gravity stations were undertaken on E-W and
NW-SE grids approximately perpendicular to
the strike of geology.
Sample
security

The measures taken to ensure sample
security.
Midas auger and rock chip sampleswere
collected and delivered to laboratory by company
personnel.
Prior auger sampleswere collected and
delivered to laboratories by company personnel
or contractors.
RC samples were transported to the laboratory
in Kalgoorlie by DiscovEx company staff.
Audits or
reviews

The results of any audits or reviews of
sampling techniques and data.
An audit was undertaken on auger geochemical
sample analysis, the audit included three
different assay techniques utilised on pulp
populations of 54 to 216 samples. The audit
confirmed that:
Aqua regia digest (mix of hydrochloric and nitric
acids) moderately under-reported Cu, strongly
under-reported Zn and severely under-reported
Cs, Li, Nb, Rb, Sn, Ta, W
Multi Acid or 4 acid digests (mix of nitric,
perchloric, hydrofluoric, final dissolution by
hydrochloric acids) were generally reporting
similar results to sodium peroxide fusion for Bi,
Cs, Li, Mo, Nb, Rb, Sn, Ta, with high correlation
co-efficient values.
A limited number of fire assays showed higher
gold grades than aqua regia however this is
unlikely to be an issue for geochemical samples
above 30ppb.

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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.
The Newington Main project area comprises 11
tenements with varying ownership. These are detailed
as follows:
Midas Tenements(100% owned) E77/2309,
E77/2602, E77/2604
A 1.75% gross revenue royalty is payable (E77/2309
only) to Gateway Projects WA Pty Ltd (ACN 161 934
649) pursuant to a royalty deed dated 31 March 2021
(as assigned); and
E77/2309 is subject to an obligation pursuant to a
tenement sale agreement (as assigned) where
Gateway Projects WA Pty Ltd (ACN 161 934 649)
must be issued $250,000 worth of shares in Midas
Minerals Limited within 10 Business Days of a maiden
JORC compliant Mineral Resources being announced
on E77/2309.
Newfield Tenements(70% interest)
The current registered holder of tenements M77/422
and M77/846 is Newfield Resources Limited. Midas
has a 70% beneficial interest in the Newfield
tenements.
Royalty on M77/422 and M77/846:
(a) $10 per ounce of gold and 2% Net Smelter Return
of non-gold commodities payable to Carterton
Holdings Pty Ltd pursuant to a royalty deed dated 7
November 2001 (as assigned); and
(b) 2% Net Smelter Return of gold payable to Anthony
John Woodhill (16.67%), Anthony William Kiernan
(16.67%), Archaean Exploration Services Pty Ltd
(16.65%), Woodline Pty Ltd (16.67%), Plato
Prospecting Pty Ltd (16.67%) and Geoda Pty Ltd
(16.67%) pursuant to an option agreement dated 22
November 2011 (as assigned).
Fleet Street Tenements(80% interest)
The current registered holders of tenement E77/2200
are Fleet Street Holdings Pty Ltd and Bildex Holdings
Pty Ltd. The current registered holder of tenements
P77/4397, E77/2326, E77/2558 and E77/2263 is Fleet
Street Holdings Pty Ltd. These tenements are subject
to a Farm-in Agreement dated 23 September 2019 (as
assigned) which contemplates the forming of a Joint
Venture, and, following a Decision to Mine being
made, Fleet Street may elect (among other options) to
convert to a Royalty, the rate of which varies
depending on the extent of the participating interest at
the time of election.
The Newington Project is located on Kawana and Mt
Jackson pastoral leases. The project area is within the
registered Marlinyu Ghoorlie native title area
WC2017/007.
There are no wilderness areas, national parks 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 area.

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Criteria JORC Code Explanation JORC Code Explanation Commentary
Exploration Acknowledgment and appraisal of This report refers to prior exploration results by third
done by other
parties
exploration by other parties. parties:

Latitude
Resources Ltd (formerly
DiscovEx
Resources Ltd, formerly Syndicated Metals Ltd)
ASX announcements 11 April 2019, 23 August
2019, 19 November 2019.

DMIRS WAMEX report A00094, 1968, Western
Mining Corporation Limited.

DMIRS WAMEX report A116435, 2018, Bullseye
Mining Limited.
Thes report refers to prior exploration results by
Midas:Midas ASX announcements 8 August 2022, 15
November 2022, 16 January 2023
Geology Deposit type, geological setting and style Pegmatites are common on the Newington project
of mineralisation. ranging from low to highly fractionated lithium
pegmatites. The pegmatites range from less than 1m
to more than 40m in width.
Known gold deposits are within steeply dipping N-W
or E-W striking quartz vein hosted deposits within
amphibolite altered mafic rocks. Mineralisation varies
from approximately 1-5m true thickness within an
alteration zone generally considered to be typical of
vein style gold mineralisation.
Auger geochemistry and rock chip sampling also
indicates metasomatic W, Mo, Bi, Au mineralisation
close to the Mt Carroll granite.
Copper mineralisation with the Copperhead shear
occurs in association with silver, gold, zinc, lead and
molybdenum mineralisation. The low-grade
mineralised zone appears to be up to 100m wide.
Drill hole A summary of all information material to No new drilling activities are being reported.
Information the understanding of the exploration
results including a tabulation of the
following information for all Material drill
Table 12 contains details of all prior RC drilling at
Hawthorn Prospect.
holes:
o
easting and northing of the drill hole
collar
o
elevation or RL (Reduced Level –
elevation above sea level in metres)
of the drill hole collar
o
dip and azimuth of the hole
o
down hole length and interception
depth
o
hole length.
If the exclusion of this information is
justified on the basis that the information
is not Material and this exclusion does
not detract from the understanding of the
report, the Competent Person should
clearly explain why this is the case.
Data In reporting Exploration Results, No new drilling activities are being reported.
aggregation
methods
weighting averaging techniques,
maximum and/or minimum grade
truncations (e.g. cutting of high grades)
and cut-off grades are usually Material
Reported intercepts within Table 12 have been
composited using a 0.1g/t Au cut off and interval
weighting.
and should be stated.
Where aggregate intercepts incorporate
short lengths of high grade results and

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Criteria JORC Code Explanation JORC Code Explanation Commentary
longer lengths of low grade results, the
procedure used for such aggregation
should be stated and some typical
examples of such aggregations should
be shown in detail.
The assumptions used for any reporting
of metal equivalent values should be
clearly stated.
Relationship These relationships are particularly The true width of mineralisation reported in Table 12
between important in the reporting of Exploration is unknown.
mineralisation Results.
widths and
intercept
lengths
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’).
Diagrams Appropriate maps and sections (with Figures 2 to 7 show all geochemical sample, rock chip
scales) and tabulations of intercepts and RC drill hole locations
should be included for any significant
discovery being reported These should
include, but not be limited to a plan view
of drill hole collar locations and
appropriate sectional views.
Balanced Where comprehensive reporting of all Tables 1 to 7 in Appendix A contain a comprehensive
reporting Exploration Results is not practicable, list of anomalous geochemical results above 14ppb
representative reporting of both low and Au and 149ppm Cu and for the Hawthorn prospect
high grades and/or widths should be values above or inclusive of 30ppb Au. Table 8 and 9
practiced to avoid misleading reporting of
in Appendix A contain details and assays of all recent
Exploration Results. rock chip samples. Table 10 of Appendix A contains
all prior Auger geochemical results for the Hawthorn
and Mayfield East prospects. Table 11 of Appendix A
contains details of all prior rock chip samples from
Hawthorn prosect. Table 12 of Appendix A contains
details of all prior RC drilling at the Hawthorn
prospect.
Other Other exploration data, if meaningful and All relevant and material exploration data for the target
substantive material, should be reported including areas discussed, has been reported.
exploration (but not limited to): geological
data observations; geophysical survey results;
geochemical survey results; bulk
samples – size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
Further work The nature and scale of planned further Further exploration is warranted across the tenements
work (e.g. tests for lateral extensions or to improve the understanding of the mineralisation. All
depth extensions or large-scale step-out relevant diagrams have been incorporated in this
drilling). report.
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future
drilling areas, provided this information is
not commercially sensitive.

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