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MINERAL COMMODITIES LTD Regulatory Filings 2018

Oct 21, 2018

65371_rns_2018-10-21_caa094a5-2265-4f63-98fd-4c6fbfb75cbe.pdf

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MINERAL COMMODITIES LTD ABN 39 008 478 653 Email: [email protected] Web: www.mncom.com.au

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Australian Securities Exchange Company Announcements Office

22 October 2018

POSITIVE MUNGLINUP GRAPHITE OPTIMISATION TESTWORK RESULTS

HIGHLIGHTS

  • Graphite concentrate flake size distribution improvement with coarse flake (+150µm) accounting for 46% to 57% of the concentrate

  • Graphite concentrate grade improvement with coarse flake (+150µm) grades of 95.7% to 97.7% TGC being achieved

  • Graphite concentrate grade improvement with fine flake (-150µm) grades of up to 98.3% TGC

Mineral Commodities Ltd (ASX: MRC) (“the Company” or “MRC”) is pleased to announce that recent optimisation testwork for Munglinup continues the trend in positive outcomes for the Munglinup Graphite Project (“the Project”).

The testwork focused on optimising the flake size distribution and final grades of the concentrate using a new master composite that will be used to generate additional bulk concentrate for marketing and downstream processing studies. The testwork investigated adjusting reagents addition rates, the number of cleaning and recleaning flotation stages, the number of polishing grinds, alternate reagents and intermediate screening.

The results showed that the coarse flake fraction (+150µm) can be maintained at around 50% of the concentrate at high average Total Graphite Content (“TGC”) grades (up to 97.7%) and that high-grade fines (-150µm) concentrate can be produced with up to an average of 98.3% TGC. Typical test results are presented in the Table below, reflecting a range of alternate flowsheet options.

Test BF1281 BF1304 BF1289 BF1305 BF1306
Mass in +150µm fraction 48.4% 47.7% 57.0% 46.4% 54.1%
TGC in +150µm fraction 97.7% 96.5% 95.7% 96.5% 97.4%
Mass in -150µm fraction 51.6% 52.3% 43.0% 53.6% 45.9%
TGC in -150µm fraction 94.2% 94.1% 97.2% 98.3% 97.9%
Total TGC Recovery 86.6% 87.1% 86.4% 84.9% 84.6%

The Company is particularly pleased with the high grades achieved for the finer flakes and the mass split to the coarse fraction.

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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MINERAL COMMODITIES LTD ABN 39 008 478 653 Email: [email protected] Web: www.mncom.com.au

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This work is being used to build-in flexibility in the Project’s flotation and grinding flowsheet design that will allow for targeting higher grade fines concentrates, higher overall recoveries and/or further upgrades to the coarse fraction.

Executive Chairman Mark Caruso said, “ These results continue to refine and reinforce the technical and process robustness of the Munglinup Graphite Project. The additional process design testwork confirms that the Munglinup Graphite Project will produce some of the highestgrade graphite concentrates globally amongst current and proposed development projects - through proven flotation methods. Significantly the 150µm finer fraction also upgrades to +97% TGC average. In addition, recoveries remain consistent with previous testwork while the flake size distribution improves. We are confident that these results will set the foundation for further enhancing the Munglinup Graphite Project DFS which is due to be completed in the first quarter of 2019. ”

- ENDS -

For enquiries regarding this release please contact: Peter Torre – Company Secretary Ph +61 8 6253 1100

About Mineral Commodities Ltd:

Mineral Commodities Ltd (ASX: MRC) is a global exploration and mining company with a primary focus on the development of high-grade mineral deposits within the industrial minerals, base metals, bulk commodities and precious metals sectors.

The Company is a leading producer of zircon, rutile, garnet and ilmenite concentrates through its Mineral Sands Operation at Tormin, located on the west coast of South Africa. The planned development of the Munglinup Graphite Project, located near Esperance in Western Australia, is consistent with the Company’s strategy to capitalise on the fast growing sustainable renewable energy storage and electric vehicle revolution as well as downstream vertically integrated value-adding.

The Company has also secured first-mover advantage in Iran, considered the most prospective and underdeveloped mineral resource country in the world, and has entered into agreements and applied for tenements over a number of prospective areas in Western Australia targeting vanadium, lithium, channel iron ore and gold/copper.

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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MINERAL COMMODITIES LTD ABN 39 008 478 653 Email: [email protected] Web: www.mncom.com.au

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Cautionary Statement

This report may contain forward-looking statements. Any forward-looking statements reflect management’s current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. It should be noted that a number of factors could cause actual results, or expectations to differ materially from the results expressed or implied in the forward-looking statements.

Competent Persons Attributions

Exploration Results

The information in this report that relates to Exploration Results, is based on information compiled by Mr Daniel Hastings, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Hastings is an employee of Hastings Bell Pty Ltd and a consultant to the Company. Mr Hastings has sufficient experience relevant to the type of deposit under consideration to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2012 Edition). Mr Hastings consents to the inclusion in the report of the matters based on the reviewed information in the form and context in which it appears.

Metallurgical Testwork

The variability metallurgical testwork was managed by Mr David Pass of Battery Limits. Mr Pass has sufficient experience that is relevant to the style of mineralisation and types of testwork under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Pass is employed by Battery Limits, an Australian based consultancy specialising in processing of graphite concentrates. Mr Pass consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Bulk Sample / New Master Composite Sample Data & Locations

The samples used this optimisation testwork were sourced from various depths from six diamond drill holes in Halberts Main (Figure 1) and two diamond drill holes in Halberts South (Figure 2).

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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MINERAL COMMODITIES LTD

ABN 39 008 478 653 Email: [email protected] Web: www.mncom.com.au

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Figure 1 - Location of drill holes at Halberts Main used to produce the metallurgical variability samples and showing the proposed pit optimisation outline

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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MINERAL COMMODITIES LTD

ABN 39 008 478 653 Email: [email protected] Web: www.mncom.com.au

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Figure 2 - Location of drill holes at Halberts South used to produce the metallurgical variability samples and showing the proposed pit optimisation outline

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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MINERAL COMMODITIES LTD ABN 39 008 478 653 Email: [email protected] Web: www.mncom.com.au

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JORC 2012 - Table 1, Section 1 Sampling Techniques and Data

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

Criteria Commentary
Sampling • Diamond core (PQ and HQ3) was cut into quarter core for assay at the MRC
techniques Welshpool office using a diamond impregnated blade on a core saw. Quarter
core samples were generally 1 metre in length and honored geological contacts.
Drilling • Diamond drilling was done using HQ and PQ triple tube.
techniques • The mineralisation occurs from surface and drilling was done to a maximum of
80m depth.
Drill sample • Due to the style of the deposit it is considered that any material loss is not
recovery significant to the estimation of mineralisation.
• Generally, drill core recovery was above 95%. Core recovery was measured and
compared directly with drill depths to determine sample recoveries.
• Diamond core was reconstructed into continuous runs on an angle iron cradle
for orientation marking however given the weathered nature of the core, no drill
sections could be reconstructed with confidence.
• Depths were checked against the depth given on the core blocks and rod counts
were routinely carried out by the drillers.
Logging • A comprehensive logging system has been developed and includes alteration
(type, style and intensity), grain size, rock type / lithology, colour, minerals,
textures, fabric, parent rock (where fresh), sedimentary setting and, graphite class
and grade.
• 8 new diamond holes were drilled in the phase 1, 2018 drilling program and
were logged in full using the comprehensive logging system previously
developed.
• Geotechnical aspects in the form of RQD parameters were also recorded for the
diamond core as well as specific structures and details in this regard e.g. alpha
angles.
Sub-sampling
•		 Duplicates (quarter core) were taken every 20 meters.
techniques • New diamond core (PQ and HQ3) was cut into quarter core onsite using a
and sample diamond impregnated blade on a core saw where possible. Quarter core samples
preparation generally 1 metre or less in core length are submitted to the lab labelled with a
single sample name. Samples are generally defined according to geological unit
boundaries.
• The drill sample sizes are considered to be appropriate to correctly represent
mineralisation at Munglinup based on the style of mineralisation, the thickness
and consistency of the intersections, the sampling methodology and anticipated
graphite percent value ranges.
Quality of • Standards were inserted every 20 meters. No blanks were used in addition to
assay data normal laboratory QAQC protocols.
and • Sample analysis was undertaken by ALS Geochemistry for the phase 1, 2018 MRC
laboratory drilling program in Perth.
tests • The graphite content is reported as Total Graphitic Carbon (TGC). Prepared
samples were dissolved in HCl over heat until all carbonate material is removed.
The residue is then heated to drive off organic content. The final residue is

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100

Fax: +61 8 9258 3601 Email: [email protected]

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MINERAL COMMODITIES LTD ABN 39 008 478 653 Email: [email protected] Web: www.mncom.com.au

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Criteria Commentary
combusted in oxygen with a Carbon-Sulphur Analyser and analysed for Total
Graphitic Carbon (TGC).
Verification • The geological logging of all drill core was undertaken by trained geological staff
of sampling at the MRC offices in Welshpool, WA.
and assaying • Sample information is recorded at the time of sampling in electronic and hard
copy.
• Mr. Chris de Vitry of Manna Hill Geoconsulting visually verified geological
observations of some of the reported Diamond drill holes at Halberts Main and
Halberts South. He also toured site after the conclusion of the drillprogram.
Location of • Diamond drill holes were surveyed at 30m depth and the end of hole.
data points • Phase 1, 2018 drill holes have been surveyed by hand-held GPS only at this
stage. The RL values were derived by fitting the collars to a LIDAR topographic
surface.
• The dip and azimuth of some of the diamond holes were measured at the collar
only by the supervising geologist given the very short depths of the drill holes.
Data spacing • Drill spacing:
and o
Halberts Main Zone: (Drill Grid 50 x 20m).
distribution o
Halbert South Zone: (Drill Grid 40 x 20 & 40 x 10 infill)
o
Harris Area: (Drill Grid 40 x 20m)
o
McCarthy West Area: (Drill Grid 40 x 20)
o
McCarthy East Area: (Drill Grid 40 x 10)
Orientation • The deposits were drilled at approximately -60° to intersect the mineralised
of data in zoned approximately orthogonal to the interpreted dip and strike of the
relation to geological units.
geological • The interpreted mineralised zones correlated extremely well with historical
structure interpretations done by Sons of Gwalia in the 1980’s and 1990’s and high degree
of confidence in the orientation and zoning of the graphite mineralisation is
noted.
Sample • Graphite Australia followed a disciplined QA/QC process as is evident from their
security database and chain of command documents.
• AEMCO followed the same procedure and personally took all resampled material
to Nagrom and ALS. AECOM also recovered the processed sample material for
storage with the remaining core and air core samples at a secured location in
Welshpool, WA.
• Recent drilling samples have been retained at ALS. Residual core samples are
stored at the MRC offices in Welshpool, WA.
Audits or • The recent 2018 drilling program data has been reviewed by Mr. Chris de Vitry of
reviews Manna Hill Geoconsulting. The review indicated that the procedures were
satisfactory and fit for purpose, and that the assays reported to date were
acceptable.

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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MINERAL COMMODITIES LTD ABN 39 008 478 653 Email: [email protected] Web: www.mncom.com.au

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JORC 2012 - Table 1, Section 2 Reporting of Metallurgical Results

(Criteria listed in the preceding section also apply to this section.)

Criteria Commentary Commentary
Mineral tenement • The tenements (M74/75 & E74/505) are situated on the Ravensthorpe SI 51-5
and land tenure and North-Over 3031, 1:250,000 and 1:100,000 geological sheets respectively.
status • Mining Lease 74/245 was granted on the 26 August 2010 for a term of 21
years. The Lease is 685 hectares in area.
• Exploration License 74/505 of 2 block size was granted on 23 October 2012
for a period of 5 years.
• Gold Terrace Pty Ltd are the current registered owners of the Munglinup
Mining Lease (M74/245) and Exploration License E74/505.
• There is a caveat on the tenements relating to a 2% gross royalty liability with
Adelaide Prospecting as the beneficiary.
• The fully granted mining lease is valid to August 2031.
• The tenements are located in a fully gazetted mining reserve, with no native
title or private land ownership issues.
Metallurgical work • Significant previous metallurgical testwork has been undertaken. Early tests
done by other achieved an average of 85% C in con at 95% recovery, with rougher float
parties followed by 5 stages of cleaning on mixed (un-sized) ore. Later tests focused
just on rougher flotation in +300micron, and +150/-300micron size ranges.
Excellent recoveries of +150micron material (~98%) at relatively low con
grades (~60%C) was seen. Reasonable recoveries of +300micron material was
seen at higher cons grades. These tests however left significant graphite in
the oversize/undersize and artificially inflated the graphite grade in target size
ranges to more than 30%.
• Overall, more than 20 specific metallurgical studies were undertaken on the
Munglinup Graphite mineralisation, predominantly in the late 1980’s and early
1990’s. This testwork culminated in the release of a Feasibility Study by Gwalia
Minerals in 1991.
• In 2011, Graphite Australia commissioned Nagrom to undertake various
metallurgical tests on a 2t bulk sample. As a result of this test work, a
conceptual flow sheet was developed based on a beneficiation circuit with
unit operations that are conventional and well proven in the industry. A circuit
comprising feeder and trommel, desliming, classification, gravity, milling,
flotation, drying, screening and bagging was considered. This forms the base
case for this study. This flow sheet and historical data was reviewed by Battery
Limits and deemed reasonable however further optimisation is possible and
additional metallurgical testwork has been undertaken to address this.
• No specific allowances have been made for deleterious elements. Any non-
graphite material that reports to the graphite concentrate is deemed to be
dilutionary in nature only and does not attract any specific penalties beyond
the reduction in concentrate price based on the graphite concentrate purity as
is standard in the industry. This was confirmed by the recent metallurgical
testwork reported in the Company’s Announcement on 8 February 2018.

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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Criteria Commentary Commentary
• An 8t bulk sample was extracted from the Halberts Main deposit to be used
for metallurgical test work undertaken by Nagrom in 2011. This sample does
include material from the three mineralisation types. The sample has
ultimately been deemed only partially representative as it does not include
material from depth. Recent metallurgical testwork utilised a master
composite derived from historical drilling core and that has been selected to
provide high representivity of the deposit.
• Both historical and recent work has been done on the mineralogy of the
deposit. The latest petrographical study was conducted on 12 samples from
drill core that are representative of the deposit. The petrographical nature of
the graphite mineralisation at Munglinup is well understood and shows that
the final product will be able to meet the required specifications
mineralogically.
Geology • The Munglinup area comprises Archean to Paleoproterozoic, metamorphosed
granitic and other metamorphic rocks of the Albany–Fraser Orogen, typically
hornblende (± garnet) gneiss and migmatite.
• Within the gneissic rock mass, rocks containing the Munglinup graphite
deposits consist of a succession of tightly folded metasedimentary rocks with
a consistent dip to the southeast.
• The classification scheme most widely accepted for graphite deposits was
introduced by Cameron (1960). It classifies known graphite deposits into five
categories reflecting the different types of graphite.
• Using this classification scheme, it is most likely that the Munglinup deposit
can be characterized as a type 1, disseminated flake graphite in silica-rich
meta-sediments deposit.
Drill hole • This information is included in previous Company ASX Announcements
Information including those release on 11 September 2017, 13 September 2017 and 8
February 2018.
• The coordinates for the holes used in the metallurgical testwork have been
previously reported as stated in the bullet point above and 2018 diamond drill
holes are tabulated below.
Data aggregation • The bulk sample / new master composite that was produced for the
methods metallurgical testwork and subsequent production of marketing and further
downstream testwork concentrate samples was representative of the
modelled orebody in that the grade distribution and material types matched
the overall mineralisation modelled
• A nominal 6% TGC cut-off was used to select the diamond samples used to
produce the bulk sample. All remaining core was used in creation of this
sample.
Relationship • Inclined diamond drilling (HQ3) was done to try and intersect the different
between graphite zones as close to true width as possible. The intercept widths are
mineralisation nevertheless apparent (down-hole) and do not represent true width. Average
widths and dip angle was 60°.
intercept lengths
Diagrams • Drill hole collar location plans and sections given in previous Company ASX
Announcements includingthose released on 11 September 2017,

39 – 43 Murray Road North WELSHPOOL Western Australia 6106

Telephone: +61 8 6253 1100

Fax: +61 8 9258 3601 Email: [email protected]

PO Box 235 WELSHPOOL DC WA 6986

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Criteria Commentary Commentary
13 September 2017 and 8 February 2018. Drill hole locations for the variability
samples are provided in this release.
Sample preparation
•		 88 samples were selected from remaining ¾ diamond drill cores from
and processing lithologically continuous graphitic sections of holes in Halberts Main (GDH001,
methods applied GHD002, MDH002 and MDH003) and Halberts South (GHD004 and MHD001).
• The total sample size was around 550kg and utilised predominantly ¾
remaining core but also included some coarse reject sample from the original
¼ core assays.
• The samples were crushed to minus 3.35mm and assayed for Total Carbon
(TC), Total Graphitic Carbon (TGC), SiO2 and S.
• For the flotation tests, a 1kg sub-sample was stage ground in a rod mill to
100% passing 1mm. The feed material was deslimed at 25 microns in some
tests but not deslimed in other tests. The samples were then underwent
rougher flotation. The rougher concentrate underwent multiple stages of
cleaning (5-6), with recleaning and intermediate screening of coarse material
in some tests.
• The concentrates produced were assayed for Total Carbon, Total Graphitic
Carbon (TGC), SiO2, and S.

List of Diamond Drill Core Intervals used to produce the Bulk Sample / New Master Composite use in the current testwork

HOLE_ID From(m) To(m) Length %TGC
MDH003 23.75 23.95 0.20 11.85
MDH003 23.95 24.45 0.50 22.70
MDH003 24.45 26.75 2.30 15.85
MDH003 26.75 27.25 0.50 8.99
MDH003 35.45 35.95 0.50 14.50
GDH001 7.78 8.46 0.68 7.00
GDH001 11.00 12.40 1.40 7.30
GDH001 13.40 14.90 1.50 6.31
GDH001 14.90 15.70 0.80 19.50
GDH001 15.70 17.20 1.50 17.25
GDH001 17.20 17.50 0.30 22.80
GDH001 17.50 18.50 1.00 20.60
GDH001 18.50 19.30 0.80 10.90
GDH001 24.60 26.20 1.60 14.85
GDH001 26.20 27.70 1.50 19.95
GDH001 27.70 29.20 1.50 19.10
GDH001 29.20 30.80 1.60 18.15
GDH001 30.80 32.00 1.20 12.35
GDH001 34.40 35.90 1.50 18.80

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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HOLE_ID From(m) To(m) Length %TGC
GDH001 35.90 37.40 1.50 30.90
GDH001 38.50 39.00 0.50 18.15
GDH001 39.00 39.40 0.40 9.14
GDH001 42.00 43.00 1.00 28.50
GDH001 43.00 44.20 1.20 23.80
GDH001 45.60 46.50 0.90 9.66
GDH001 56.00 57.00 1.00 10.75
GDH001 58.50 59.40 0.90 30.20
GDH001 59.40 60.00 0.60 15.55
GDH001 68.25 69.40 1.15 12.40
GDH001 69.40 69.80 0.40 14.55
GDH001 76.20 76.90 0.70 8.14
MDH002 6.30 7.20 0.90 7.37
MDH002 15.80 16.70 0.90 9.08
GDH002 5.50 6.50 1.00 11.15
GDH002 11.00 11.70 0.70 14.40
GDH002 11.70 13.20 1.50 10.65
GDH002 13.20 14.30 1.10 12.10
GDH002 14.30 15.80 1.50 24.70
GDH002 25.50 27.00 1.50 9.69
GDH002 27.00 28.30 1.30 11.80
GDH002 36.10 37.50 1.40 11.35
GDH002 41.70 43.20 1.50 9.81
GDH002 43.20 44.80 1.60 11.70
GDH004 0.00 1.50 1.50 7.26
GDH004 1.50 2.30 0.80 12.60
GDH004 3.50 4.50 1.00 12.50
GDH004 4.50 5.90 1.40 18.95
GDH004 4.50 5.90 1.40 18.25
GDH004 5.90 7.40 1.50 16.05
GDH004 7.40 8.30 0.90 9.52
GDH004 8.30 9.80 1.50 7.76
GDH004 8.30 9.80 1.50 7.92
GDH004 9.80 10.60 0.80 9.22
GDH004 10.60 11.30 0.70 16.15
GDH004 11.30 12.80 1.50 20.50
GDH004 12.80 14.30 1.50 13.50
GDH004 14.30 15.30 1.00 14.60
GDH004 15.30 16.80 1.50 13.70
GDH004 16.80 17.90 1.10 19.55
GDH004 16.80 17.90 1.10 16.30

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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ABN 39 008 478 653 Email: [email protected] Web: www.mncom.com.au

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HOLE_ID From(m) To(m) Length %TGC
GDH004 17.90 19.40 1.50 10.45
GDH004 20.30 21.80 1.50 6.32
GDH004 22.80 24.00 1.20 6.10
GDH004 26.30 27.50 1.20 8.09
MDH001 1.10 2.00 0.90 6.25
MDH001 16.20 17.70 1.50 14.55
MDH001 19.70 20.40 0.70 15.15
MDH001 21.70 23.00 1.30 8.38
MDH001 26.60 27.10 0.50 17.90
MDH001 27.10 28.10 1.00 22.90
MDH001 37.00 38.00 1.00 15.80
MDH001 38.00 39.60 1.60 7.49
MDH001 39.60 41.00 1.40 15.70
MDH001 39.60 41.00 1.40 19.20
MDH001 42.30 43.60 1.30 15.30
MDH001 43.60 44.00 0.40 11.10
MDH001 44.00 45.60 1.60 22.30
MDH001 44.00 45.60 1.60 18.90
MDH001 45.60 46.60 1.00 14.70
MDH001 46.60 47.90 1.30 10.70
MDH001 47.90 48.80 0.90 12.05
MDH001 48.80 50.00 1.20 24.60
MDH001 48.80 50.00 1.20 23.60
MDH001 50.00 51.30 1.30 26.80
MDH001 51.30 51.80 0.50 22.80
MDH001 51.80 52.80 1.00 23.60
MDH001 52.80 53.80 1.00 21.40
MDH001 54.60 56.00 1.40 19.15

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: [email protected]

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List of Diamond Drill Holes drilled at Munglinup during Phase 1, 2018 Drilling Program

Prospect Hole_ID Hole Type NAT_GRID_ID NAT_EAST NAT_NORTH Elevation Survey_Method Azimuth Dip Max_Depth Drilling_Company
Halberts Main GDH001 HQ3 GDA94-MGA Zone 51 0301528 6273008 106 GPS 258 65 80 OnQExploration
Halberts Main GDH002 PQ3 GDA94-MGA Zone 51 0301568 6272723 97 GPS 250 70 48 OnQExploration
Halberts Main GDH003 HQ3 GDA94-MGA Zone 51 0301655 6272842 99 GPS 85 68 50 OnQExploration
Halberts South GDH004 PQ3 GDA94-MGA Zone 51 0301847 6271363 83 GPS 245 75 41 OnQExploration
Halberts South GDH005 PQ3 GDA94-MGA Zone 51 0301901 6271363 85 GPS 55 68 43 OnQExploration
Halberts South MDH001 PQ3 GDA94-MGA Zone 51 0301888 6271304 84 GPS 18 63 56 OnQExploration
Halberts Main MDH002 PQ3 GDA94-MGA Zone 52 0301646 6272593 92 GPS 93 72 54 OnQExploration
Halberts Main MDH003 PQ3 GDA94-MGA Zone 53 0301450 6273137 100 GPS 242 67 37 OnQExploration

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601

Email: [email protected]

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