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MINREX RESOURCES LIMITED Capital/Financing Update 2021

Aug 18, 2021

65375_rns_2021-08-18_2cdc0051-1620-419c-9910-9b4aea5606e0.pdf

Capital/Financing Update

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ASX Code: MRR

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19[th] August 2021

ASX RELEASE

BAMBOO CREEK PROJECT UPDATE

Ground reconnaissance and exploration programs being planned to re-commence exploration

  • The Bamboo Creek Project lies proximal to a number of significant mineral deposits and historical production sites, including:

  • Bamboo Creek Goldfields Gold Deposit: 5.5km to the East, with historic production of 226,000 oz Au.

  • Spinifex Ridge Molybdenum Deposit: 1.5km to the West, with 658Mt @ 0.045% Mo, 0.08% Cu, 1.27 g/t Ag resource.

  • Spinifex Ridge Iron Deposit: 3.5 km to the West with 5.5Mt @ 58% Fe resource.

  • Project is highly prospective for granite-greenstone contact – attractive for several mineralisation styles including porphyry hosted molybdenum-copper, shear related gold deposits and BIF Iron deposits.

  • The project has five (5) known highly prospective areas, including:

  • Norms Find Prospect: 400m long shear zone with rock chip assay results of 30.8 g/t gold, 478.5 g/t silver and 26.6% copper.

  • BC07 Prospect: Two parallel quartz veins assaying 1.34 g/t gold, 87.6 g/t silver, 0.34% copper and 11.85% fluorite.

  • Northern Project area has 1.7 km strike of iron rich formation with assays more than 40% iron and up to 61.47% iron.

  • Ten (10) geophysical target areas selected within the Bamboo Creek Project based on new geophysical analysis completed by Core Geophysics in Perth.

  • Project has short history of exploration and is underexplored at depth. MinRex considers potential to host significant gold, silver and base metal mineralisation.

  • These areas have the potential to host gold, silver and base metal mineralisation based on structural corridors proximal known prospect areas, dilatant fracturing, extensions of major fault linkage, different lithological contacts, and untested strong magnetic anomalies.

MinRex Resources Limited (ASX: MRR) (“ MinRex ” or “the Company ”) is pleased to announce the results from a geochemical and geophysical review over its Bamboo Creek Project.

About the Bamboo Creek Project Area

The Bamboo Creek Project (E45/4853 & E45/4560 – total area 79.9 sqkm) is located 50 km north-east of Marble Bar in the East Pilbara region of Western Australia. The project area is accessed through the Warrawagine Homestead access road, approximately 35 kilometres north of Marble Bar. The junction with the access road to the Bamboo Creek mining centre is located approximately 15 kilometres along this road, from which numerous mining and exploration tracks provide access to the north of the project area. Numerous pastoral tracks provide access to the southern and central portions of the project.

MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au

ASX Code: MRR

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The tenement borders the existing Spinifex Ridge Iron Ore Mine and Moly Mines Molybdenum-Copper Resource. From 2008 until 2013, Artemis Resources Limited and Metal Bank Limited completed soil and rock chip sampling programmes in the northern portion of E45/4560.

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Figure 1: Bamboo Creek Location Map showing the Regional Geology and nearby Mineral occurrences

MinRex Resources Limited Chief Executive Officer Mr Kastellorizos commented:

“We are extremely pleased to have received an incredibly positive report from Core Geophysics which highlights significant mineralisation potential at the Bamboo Creek Project.

The extremely high-grade historical rock chip assays highlight a polymetallic mineralised environment in the Project area. We are surrounded by world-class deposits with no shortage of geochemical, structural and geophysical targets within the Project.

High-resolution magnetics and structural interpretation have clearly defined potential gold and base-metal mineralisation targets. By completing this process, we have advanced the Company’s strategy by identifying priority target areas which have the potential for delineating undiscovered gold, silver and base metal mineralisation”.

Bamboo Creek Known Prospects

Norm’s Find Prospect

Reconnaissance rock chip sampling in 2008 at Norm’s Find identified a 400m long shear zone with outcropping copper mineralisation. Very high-grade copper, gold and silver (and lesser molybdenum) grades were returned from samples CG208 ( 8.22 g/t gold, 152.6 g/t silver and 12% copper ) and CG213

MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au

ASX Code: MRR

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( 2.28 g/t gold, 478.5 g/t silver and 26.6% copper ) (Table 1 & 4). Follow up rock chip sampling by Metal Bank in 2012 returned exceptional multi-commodity assays from sample SE006 assayed 30.8 g/t gold, 154 g/t silver and 6.54% copper .

Other samples from this prospect returned anomalous results, including one sample (BCX025) which returned grades of 16.3% copper , 4.27 g/t gold, & 251 g/t silver (Table 1 & 4). The samples were taken from a quartz vein trending north-south that displayed evidence of gossanous material, boxwork veining and minor malachite (copper oxide) mineralisation. This zone has been earmarked as a high priority for a more intensive sampling campaign.

BC7 Prospect

Widespread anomalous gold and silver mineralisation exists at the BC07 prospect. Grades of 1.34 g/t gold and 87.6 g/t silver (sample BCX004), as well as anomalous fluorite grades of up to 11.5% F were returned. First pass reconnaissance rock chip sampling undertaken by Metal Bank during 2012 returned highly encouraging multi-commodity assay results with up to 1.28 g/t gold , 83.5 g/t silver and 0.34% copper (Table 1 & 4). The BC7 target is yet to be systematically assessed and as such its extent is not yet fully defined. This zone was then prioritised for further detailed sampling and reconnaissance.

Mineralisation at the BC07 Prospect is associated with parallel quartz veins, 30 metres apart and separated by a dolerite dyke and observations in the quartz veins included chalcopyrite, pyrite, molybdenum and fluorite. The structure strikes at approximately 30[o] north and a quartz outcrop some 1.3 kilometres to the south may be an extension to the mineralised area sampled.

Gold Zone Prospect

Rock chip sampling by Metal Bank during 2012 confirmed the existence of a gold zone with sample number SE009 returning an encouraging 0.31 g/t gold and accessory copper at 0.12% A systematic geological and geochemical assessment of this prospect is required to adequately test the continuity of gold mineralisation along the >400m gold in soil anomaly, which remains open to the east.

Nobbs Hill Prospect

Chromite pods were identified in 1974 toward the base of the Nobb Hill Intrusion (Pilbara Subgroup). The intrusion is emplaced along the disconformable contact between the Duffer Formation and the overlying Apex Basalt and is approximately 2.5 kilometres long with a maximum thickness of 600m. It is thought to have originally been a peridotitic body that has been altered into a serpentinite-tremolite-chlorite-talcchromite assemblage. Disseminated chromite crystals of up to 2mm are found within the body, with richer zones assaying up to 3.15% Cr and 0.18% Ni are located at the Nobbs Hill Prospect.

Table 1: Some Significant Rock Chip Assay Result

Sample MGA_N MGA_E Au Ag Cu Cu Pb Pb Zn Zn F F
metres metres **ppm ** **ppm ** **ppm ** % **ppm ** % **ppm ** % **ppm ** %
CG208 200622 7687014 8.22 152.6 120219 12.022 5 52
CG213 200620 7687072 2.28 478.5 266329 26.633 5 46
SE006 200625 7687076 30.8 154 65400 6.54 2 25
BCX004 197895 7684010 1.34 87.6 307 0.0307 645 16 840
BCX005 197692 7683597 0.04 3.6 1740 0.174 3580 0.36 1405 0.14 >20000 7.69
BCX009 197964 7683903 0.22 3.6 96 912 36 >20000 11.85
BCX025 200625 7687072 4.27 251 163000 16.3 <2 13
BCX027 200616 7687071 0.59 13.8 10700 1.07 20 191
BCX042 197178 7682604 0.05 1.8 286 2500 0.25 287

MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au

ASX Code: MRR

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Geology and Mineralisation

The Bamboo Creek Project is in the eastern portion of the Pilbara granite-greenstone terrane. This terrane is dominated by dome-and-syncline structures in which the granitoid complexes are composite ovoid structures and the greenstone belts exhibit no preferred structural trend. Granite-greenstone contacts are commonly sheared and parallel to adjacent stratigraphy. The project area covers part of the eastern extension of the Marble Bar greenstone belt, locally known as the Coppin Gap or Bamboo Creek Greenstone Belt. This greenstone belt is an asymmetrical synclinorium with a well-preserved limb intruded by younger plutons of the Mt Edgar Granitoid Complex (Figure 2).

The Warrawoona Group in the Marble Bar Greenstone Belt consists of the Mt Ada Basalt, of the oldest Talga Talga Sub-group, the felsic volcaniclastic Duffer Formation, the Apex Basalt, and the felsic volcanosedimentary Panorama Formation of the younger Salgash Sub-group. Historically the Euro Basalt was included in the upper Warrawoona Group but is now assigned to the overlying Kelly Group of greenstones. Several ultramafic horizons are present within the Warrawoona Group and the Euro Basalt. Most of these lithologies are strongly altered into talc-chlorite-serpentinite-carbonate schists, but common spinifex textures suggest a komatiitic origin. The Warrawoona Group is intruded by the ultramafic Nobb Well Intrusion.

South of Coppin Gap, several sub-concordant, lenticular to tabular bodies and dykes of felsic porphyritic rock intrudes the greenstone sequence. Contacts are brecciated and silicified. These porphyries host stockwork carbonate veining which carries chalcopyrite, molybdenite, pyrite, pyrhhotite, and scheelite. These bodies are thought to be apophyses of the Coppin Gap Granodiorite.

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Figure 2: Bamboo Creek Project area highlighting brief Mining/Production Summary with Significant Prospect areas

MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au

ASX Code: MRR

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The Coppin Gap Granodiorite forms the bulk of the northern portion of the Mount Edgar Granitoid Complex and comprises medium-grained granodiorite which becomes more felsic toward the contact with the Marble Bar greenstones. The Coppin Gap Granodiorite hosts several mafic to felsic greenstone xenoliths. A zone rich in mafic and ultramafic xenoliths of horneblende-plagioclase schist and felsic rocks of the Duffer Formation is found in the Andy Creek – Nobbs Well area. In this area, a small separate granodiorite pluton centred on the Bamboo Creek airstrip has intruded the Duffer Formation. The ‘Aerodrome Pluton’ is like the Coppin Gap Granodiorite and hosts numerous mafic xenoliths. The soil and rock chip files are presented in Table 3 and 4.

MinRex Aeromagnetic Interpretation and Generated Targets

In 2020, new aeromagnetic survey data was used to complete a first pass interpretation over the project The new aeromagnetic survey data was used to complete a first pass interpretation over the project tenements (Figure 3). The 10 target areas selected outlines are provided on Figure 2 and are summarised in Table 2. The area is dominated by granitoids with mafic rocks evident in the north and northeast extremities, with an abundance of structures and late-stage dykes.

Table 2: Priority Targets Requiring Ground Reconnaissance

Target Priority Comments
1 High Increased magnetism at flexure in weakly magnetic unit. Adjacent to major fault
2 Moderate As per Target 1
3 High Area of structural complexity. Possible structural link to Copper Gossan and
Norms Find
4 Moderate-High Complex structural intersection
5 Moderate Zone of structural complexity. Possible dilatant fracturing for gold mineralisation
6 Moderate-High Westerly extension of major fault linking to Bulleting-Bamboo Creek deposit
7 Moderate-High Major NW-SE fault trend intersected by potential E-W mineralising fault
8 Low-Moderate Structural intersection of E-W, N-S and NW-SE fault trends
9 Moderate Discrete, strong magnetic anomaly
10 Moderate Mafics wedged between two granites in structurally complex zone

Gold prospectivity within the granites will mostly be in the form of late-stage fracture related mineralisation and this is reflected in the targets proposed. East-west oriented faults may provide a suitable fluid migration pathway between mineralising events at Bamboo-Bulletin and brittle fractures within the granites (T7). Structures that intersect the major east-west fault lines provide a suitable focusing mechanism for concentrating (gold) mineralisation (T5, T6, T7, T8).

In addition, an area of interest is a zone of interpreted mafics wedged between two granitic bodies, crosscut by several late-stage structures (T10). Base metal prospectivity is limited to a small zone in the far north around the historic prospects of Coppin Gap South, Norms Find and Copper Gossan. Prospectivity should increase along structural trends since most of the existing mineralisation appears to be constrained to lie close to the interpreted faults. An area of increased prospectivity is identified along a fault trend south of Norms Find which intersects an ENE fault line (T3, T4).

Two targets (T1, T2) in this zone are considered unusual due to an elevated magnetic signature which could indicate an alteration/concentration process associated with pyrrhotite. The change in magnetism occurs where weakly magnetic NW trending units are tightly folded and crosscut by an ENE fault which would be an ideal trap for mineralising fluids.

A discrete magnetic anomaly (T9) is intriguing due it’s circular shape, intensity, and location. It appears to outcrop and may represent a small mafic plug.

MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au

ASX Code: MRR

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Where outcrop is available then follow up exploration may be undertaken through rock chip sampling. In all target areas, especially the granites, soil samples should be collected and analysed using the Ultrafine+ process to evaluate the possibility of blind buried deposits.

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Figure 3: Bamboo Creek Project area highlighting geochemical assay results over Project area and ten (10) geophysical targets defined

Forward Strategy

Ground reconnaissance program is currently being planned to complete site visits over all the geochemical and geophysical targets. At this stage, the Company will either undertake an airborne EM survey or ground IP survey to map the potential bearing sulphides/quartz lodes at depth. Depending on the results of the survey, a reconnaissance drilling program will be designed to target any strongly mineralised zone delineated by the geophysical survey. All geophysical target areas will undergo a brief reconnaissance to assess if any structural measurement can be taken and if outcropping mineralisation is present for further geochemical sampling.

MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au

ASX Code: MRR

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This ASX announcement has been authorised for release by the Board of MinRex Resources Limited.

-ENDS-

For further information, please contact:

Pedro Kastellorizos Chief Executive Officer MinRex Resources Limited T: +61 8 9481 0389 M: 0427 482787 [email protected] [email protected]

About MinRex Resources Limited

MinRex Resources (ASX: MRR) is an Australian based ASX listed resources company with projects in the Lachlan Fold Belt (LFB) of NSW, a world-class gold-copper province and over the Marble Bar and Murchison Regions of WA. Currently the Company’s tenements package cover 619km[2] of highly prospective ground targeting multi-commodities type deposits. Currently the company has JORC 2012 Resources totalling 352,213 oz gold.

Competent Persons Statement

The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Pedro Kastellorizos. Mr. Kastellorizos is the Chief Executive Officer of MinRex Resources Limited and is a Member of the AusIMM of whom have sufficient experience relevant to the styles of mineralisation under consideration and to the activity being reported 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. Kastellorizos have verified the data disclosed in this release and consent to the inclusion in this release of the matters based on the information in the form and context in which it appears.

Forward-looking Statements

This release includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning MinRex’s planned exploration programs and other statements that are not historical facts. When used in this release, the words such as “could”, “plan”, “estimate”, “expect”, “anticipate”, “intend”, “may”, “potential”, “should”, “might” and similar expressions are forward-looking statements. Although MinRex believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve known and unknown risks and uncertainties and are subject to factors outside of MinRex’s control. Accordingly, no assurance can be given that actual results will be consistent with these forward-looking statements.

References

Border, A. 2012. E45/2596 And E45/3099 Bamboo Creek Annual Report for the Period to 2 May 2012. Metal Bank Ltd Annual Report to WA DMP.

Fogarty, M. 2013. Exploration Report, Bamboo Creek Project May 2013. Internal Metal Bank Report.

Price, D. 2010. Annual Report, Bamboo Creek. Artemis Resources Ltd Annual Report to WA DMP. Voermans, F. 2007. Annual Report for the Period 3rd May 2006 to 2nd May 2007, Spinifex Ridge-Bamboo Creek Project. Artemis Resources Ltd Annual Report to WA DMP.

Voermans, F. 2008. Annual Report for the Period 3rd May 2007 to 2nd May 2008, Spinifex Ridge-Bamboo Creek Project. Artemis Resources Ltd Annual Report to WA DMP.

MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au

ASX Code: MRR

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**Table ** 3: Bamboo Creek SoilSampling Assay Results 3: Bamboo Creek SoilSampling Assay Results 3: Bamboo Creek SoilSampling Assay Results 3: Bamboo Creek SoilSampling Assay Results 3: Bamboo Creek SoilSampling Assay Results 3: Bamboo Creek SoilSampling Assay Results 3: Bamboo Creek SoilSampling Assay Results 3: Bamboo Creek SoilSampling Assay Results
Sample MGA_N MGA_E Au Ag As Ba Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Sb Sn Ta V W Zn
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** % **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm **
AR101 200210 7687759 3 0.2 15 85.7 63.2 706 65 8.31 65068 1189 0.9 453 6 4 5 0.75 0.6 0.11 184 0.2 89
AR102 200203 7687709 2 0.4 14 145.6 39.9 402 90 8.28 36152 1123 1.6 224 9 2 3 0.48 0.9 0.13 209 0.3 94
AR103 200201 7687662 4 0.4 15 221.9 30.3 330 55 5.81 24956 834 2.2 168 9 3 3 0.63 1.3 0.25 145 1 66
AR104 200197 7687612 3 0.3 20 170.8 72.1 1290 61 7.38 57094 1253 2 540 9 4 5 0.94 1.2 0.28 150 1.7 86
AR105 200188 7687563 32 0.1 42 155.3 49.7 585 95 7.15 39135 1030 1.7 246 9 5 4 2.28 1.5 0.21 191 4 171
AR106 200209 7687508 5 0.2 35 205.9 23.1 124 62 3.77 11409 527 2.4 89 11 3 2 2.91 1.6 0.14 89 1.9 81
AR107 200200 7687459 9 0.1 34 180 41.8 144 115 5.47 18302 923 2.1 106 15 6 4 2.87 1.4 0.11 199 2.8 103
AR108 200199 7687411 4 0.1 11 177.3 10.8 41 44 3.45 12743 888 3.5 36 9 4 1 1.43 1.6 0.14 50 1.7 46
AR109 200199 7687359 6 0.1 7 211 36.1 118 95 4.99 8180 1326 2.9 84 12 3 3 0.8 1.7 0.05 202 0.3 49
AR110 200200 7687300 4 0.1 15 212.8 31.2 184 84 5.39 18216 940 2.9 100 9 8 6 1.64 1.5 0.32 159 4.4 51
AR111 200199 7687250 3 0.1 6 245.1 40.5 305 65 6.48 30340 886 1.8 160 9 8 11 1.11 1.3 0.29 140 0.8 65
AR112 200202 7687199 3 0.2 6 202.3 45.1 332 74 7.64 26881 1066 1.4 178 10 9 15 1.32 1.3 0.44 170 1.7 76
AR113 200199 7687150 6 0.3 3 210.9 37.9 183 96 8.25 22152 1210 1.5 105 9 5 8 0.43 1.5 0.51 199 2.7 66
AR114 200200 7687101 5 0.4 5 188.1 41.2 191 120 8.19 24510 1179 0.8 121 10 9 10 0.86 1.4 0.41 207 1.6 73
AR115 200202 7687049 4 0.2 13 181.1 46.4 122 79 8.89 19899 1386 2.9 120 10 4 9 1.1 1.4 0.42 232 3 72
AR117 200200 7686947 6 0.1 4 175.6 42 131 95 8.85 25171 1264 1 111 8 6 9 0.48 1.3 0.48 222 0.8 77
AR118 200200 7686899 11 0.1 2 162.5 32.5 148 78 7.08 23640 950 0.6 64 8 5 6 0.33 1.3 0.16 185 0.4 62
AR119 200202 7686850 4 0.1 5 142.6 38.9 163 98 8.48 29434 1201 0.5 69 7 6 7 0.51 1.2 0.17 229 1.6 77
AR120 200200 7686798 3 0.2 11 233.8 7.9 38 25 2.21 7450 454 2.5 19 10 4 1 1.01 1.5 0.19 38 1.4 36
AR121 200199 7686748 1 0.2 6 356.1 9.1 45 24 3.06 4031 404 2.1 21 12 2 1 0.47 1.7 0.05 54 0.5 27
AR122 200193 7686696 2 4 242.9 16.2 91 36 4.52 7120 786 1.7 35 12 2 2 0.43 1.8 0.34 92 1.7 47
AR123 200201 7686647 5 3 133.4 39.8 129 78 8.21 26351 1172 0.6 58 7 4 6 0.26 1.6 0.43 190 5.1 66
AR124 200203 7686594 3 0.1 4 91.3 47 138 107 9.26 38960 1342 0.4 66 10 5 7 0.36 1.4 0.32 229 1.6 96
AR125 200200 7686549 2 0.1 3 179.7 43.2 197 85 8.76 20722 1289 0.6 73 9 3 5 0.28 1.8 0.37 197 4.3 77
AR126 200202 7686499 4 0.1 4 165.3 44.4 260 76 8.91 25226 1324 0.5 80 7 4 5 0.28 1.6 0.58 208 0.8 69
AR127 200202 7686449 2 4 246.9 39.8 175 69 8.36 19443 1300 0.7 73 9 3 4 0.43 1.8 0.41 187 1 70
AR128 200198 7686400 2 5 192 38.3 180 71 8.01 23503 1141 0.4 70 8 4 4 0.43 1.5 0.55 181 1.1 75

ASX Code: MRR

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Sample MGA_N MGA_E Au Ag As Ba Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Sb Sn Ta V W Zn
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** % **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm **
AR129 200199 7686348 4 4 178.4 44.2 213 82 8.71 25080 1236 0.4 76 7 3 5 0.43 1.6 0.26 189 0.5 81
AR130 200201 7686296 2 0.1 3 202.9 46.1 528 98 8.19 29898 1226 0.3 154 8 4 5 0.21 1 0.02 163 1.5 78
AR131 200202 7686247 1 0.1 4 184 56.4 548 106 8.8 33174 1497 0.4 186 9 4 6 0.41 1.6 0.24 178 4.5 81
AR132 200198 7686201 1 0.1 3 217.7 49.2 593 66 7.79 40936 1092 0.5 260 8 3 4 0.39 1.5 0.28 156 3 69
AR133 200200 7686148 3 8 226 42.2 323 87 9.41 24974 1296 0.6 144 9 3 4 0.51 1.9 0.35 201 3.5 91
AR134 200201 7686100 2 5 197.2 38.8 153 109 10.31 21435 1364 0.6 71 9 2 4 0.28 1.8 0.1 232 0.6 101
AR135 200200 7686045 3 0.1 5 198.5 48.2 177 115 10.51 22992 1544 0.8 84 9 2 5 0.38 1.7 0.39 228 0.8 96
AR136 200201 7685997 1 0.2 17 256.7 47.1 107 81 7.77 13020 2570 1.1 92 16 1 2 1.64 1.7 0.14 273 0.6 142
AR137 200199 7685949 1 0.2 16 216.4 49.8 105 78 10.1 22117 2049 0.8 84 10 1 0.73 1.9 0.24 265 0.8 117
AR138 200202 7685899 0.2 6 224.8 47.8 123 97 6.82 12764 2206 1.2 89 12 0.52 1.8 0.3 267 1 100
AR139 200199 7685851 1 0.2 3 172.6 41.7 134 94 8.84 23614 1495 0.8 85 9 0.22 1.6 0.1 236 0.2 89
AR140 200600 7687702 3 0.1 12 137.8 48.6 484 80 9.41 43359 1431 0.9 280 9 2 4 0.31 0.6 0.05 241 0.1 110
AR141 200598 7687653 4 11 291.3 28.8 480 54 5.36 34650 784 1.1 266 8 4 4 0.61 1.4 0.27 112 2 67
AR142 200600 7687608 7 0.1 13 225.7 54.6 847 66 6.48 59230 884 1.7 470 9 4 3 0.98 1.6 0.24 121 1.3 96
AR143 200600 7687556 12 0.3 26 258.7 53.1 78 111 7.22 22508 1051 1.5 111 13 3 3 1.96 1.8 0.36 156 1.1 233
AR144 200599 7687505 2 0.1 33 198.3 47.1 145 98 6.3 19328 663 1.9 148 13 2 2 1.87 1.7 0.21 155 1.1 239
AR145 200599 7687453 3 0.1 24 259.9 19.1 74 58 2.86 3387 313 1.8 58 10 2 2 4.55 1.7 0.1 104 0.8 67
AR146 200599 7687395 2 0.1 21 267.5 52.4 142 93 4.56 4547 552 2.3 120 14 3 4 2.96 1.6 0.14 218 1 96
AR147 200601 7687345 3 0.2 5 183.9 10.1 28 34 1.87 5420 246 2 25 10 1 2 1.7 1.6 0.16 72 0.8 30
AR148 200598 7687304 3 0.3 13 226.4 77.2 92 135 4.91 11618 1000 1.9 130 17 3 3 2.35 1.8 0.19 214 0.6 149
AR149 200600 7687248 10 0.2 9 223.7 20.9 126 59 3.22 8986 572 2.1 81 11 8 4 1.3 1.7 0.19 157 0.6 48
AR150 200601 7687196 5 0.4 6 238.8 51.4 122 239 7.84 23802 1400 0.8 103 12 6 8 0.98 1.6 0.24 242 2.1 86
AR151 200597 7687149 3 0.2 6 256.8 39.3 138 101 4.79 10831 1010 2.2 82 11 6 6 1.2 1.6 0.22 193 0.8 56
AR152 200604 7687104 2 0.1 6 237.7 34.3 154 104 5.24 10041 1216 0.8 91 12 6 6 1.14 1.4 0.06 197 0.5 59
AR153 200604 7687049 7 0.2 5 142.6 40.5 168 135 5.35 17208 987 0.8 116 6 14 10 0.84 1.2 0.28 212 1.8 66
AR154 200599 7686991 5 0.3 5 207.7 38.5 163 139 8.08 19280 1091 0.4 110 8 7 8 0.68 1.6 0.51 217 1.1 64
AR155 200601 7686947 4 0.2 4 227.2 40 125 151 9.67 13520 1178 0.8 115 10 8 9 0.5 1.7 0.43 244 0.9 60
AR156 200594 7686890 3 0.2 5 254.5 41.3 128 136 9.33 12022 1136 0.8 122 10 7 9 0.49 1.7 0.33 236 0.7 57

ASX Code: MRR

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Sample MGA_N MGA_E Au Ag As Ba Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Sb Sn Ta V W Zn
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** % **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm **
AR157 200601 7686844 3 4 230.5 40 121 53 8.56 14714 1171 0.6 118 8 8 9 0.6 1.6 0.42 234 7.7 59
AR158 200600 7686800 4 3 158.3 47.4 183 93 9.9 25890 1309 0.3 79 7 5 8 0.52 1.4 0.22 274 0.8 78
AR159 200598 7686751 2 0.3 4 228.9 39.6 174 87 9.17 17095 1382 0.9 74 10 5 7 0.49 1.8 0.23 226 0.8 69
AR160 200600 7686699 3 0.2 3 186.2 35.8 139 86 7.32 19606 1034 0.3 60 8 6 6 0.45 1.7 0.34 182 0.7 66
AR161 200602 7686648 2 0.3 7 190.4 45.4 174 74 9.33 28239 1558 0.6 82 9 4 6 0.7 1.4 0.42 237 1.3 91
AR162 200999 7687701 2 0.2 5 237.9 56.6 679 47 6 63876 1141 0.9 506 9 3 5 0.82 1.4 0.41 129 1.6 62
AR163 201003 7687644 4 0.1 5 338.6 25.9 287 34 5.46 21800 835 1.5 228 12 2 2 1.13 1.8 0.39 89 0.8 42
AR164 201000 7687599 2 14 194.1 43.8 542 36 4.76 69986 750 2 433 7 3 4 1.1 1.2 0.29 113 0.6 50
AR165 201000 7687550 4 0.2 22 235.7 46 517 51 6.8 41869 982 1 370 11 2 3 1.47 1.9 0.33 152 0.7 72
AR166 201002 7687501 5 0.2 22 155.9 60.4 515 77 8.78 50047 1327 0.9 362 9 3 5 1.7 1.2 0.08 205 0.2 97
AR167 201000 7687450 19 0.2 17 235.3 28.2 129 111 5.97 15678 522 0.9 104 17 4 4 2.42 1.9 0.11 180 0.6 150
AR168 201005 7687384 29 0.2 10 243.5 21.6 118 68 3.26 6527 473 1.8 84 11 2 2 2.58 1.8 0.05 130 0.5 65
AR169 201000 7687351 35 0.3 7 316.2 15.7 48 53 2.65 2747 490 1.9 43 14 1 2 1.39 1.9 0.09 60 0.7 37
AR170 201012 7687307 4 0.1 9 276.5 11.5 91 60 2.55 2228 346 1.8 62 13 3 3 1.5 1.8 0.1 145 0.4 37
AR171 201000 7687251 3 0.1 12 240.3 10.7 81 54 3.13 1945 300 1.9 41 11 2 2 1.73 1.7 0.07 114 0.2 41
AR172 201001 7687193 6 0.2 45 182.1 31.3 72 160 4.61 3494 568 1.7 99 8 2 2 2.2 1.3 0.06 227 1.1 84
AR173 201000 7687141 3 0.1 9 311.7 10.9 34 34 3.02 3686 391 1.8 32 10 1 1 1.02 1.8 0.1 79 0.4 36
AR174 201004 7687100 6 0.5 5 234.7 40.6 102 116 8.33 21279 1299 0.7 110 8 6 7 0.77 1.4 0.5 230 1.3 85
AR175 201001 7687047 3 5 203.4 40.2 120 123 7.96 18402 1172 0.8 105 8 6 7 0.71 1.6 0.68 224 1.4 70
AR176 201000 7686997 4 4 169.1 43.4 200 119 9.24 24552 1268 0.5 120 9 7 9 0.64 1.3 0.37 256 0.5 79
AR177 201002 7686949 3 3 206 36.8 195 87 7.91 22965 1125 0.5 121 9 5 7 0.4 1.7 0.11 204 0.2 72
AR178 201004 7686897 4 3 176.7 46.2 209 135 9.98 16388 1286 0.4 138 11 9 10 0.87 1.6 0.57 272 0.6 69
AR179 200997 7686845 4 0.1 4 148.6 42.6 215 112 8.49 23813 1150 0.3 116 7 9 10 0.81 1.3 0.52 230 0.6 71
AR180 200995 7686799 6 5 215.3 42.4 125 109 9.02 12646 1209 0.6 117 9 8 9 0.58 1.8 0.65 245 0.9 60
AR181 201400 7687652 2 8 390 39 140 56 4.62 10382 1259 2.5 104 10 3 4 0.76 1.9 0.27 135 0.6 48
AR182 201400 7687604 3 0.1 24 206.6 45.3 309 67 7.72 31055 1199 1.3 219 9 2 5 1.59 1.4 0.27 200 0.6 90
AR183 201400 7687548 2 0.1 9 213.3 33.7 198 56 6.76 24809 1086 1.8 133 8 2 3 0.86 1.4 0.18 176 0.4 76
AR184 201401 7687496 2 0.7 8 199 44.9 781 32 4.98 80167 538 1 494 19 2 3 0.9 1.5 0.15 92 0.3 48

ASX Code: MRR

==> picture [157 x 57] intentionally omitted <==

Sample MGA_N MGA_E Au Ag As Ba Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Sb Sn Ta V W Zn
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** % **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm **
AR185 201405 7687448 3 0.2 11 113.1 51.7 739 30 4.82 97933 594 0.5 545 8 3 3 1.23 0.9 0.13 87 0.3 44
AR186 201414 7687401 25 0.2 109 130.8 38.7 336 96 6.72 46314 1007 0.7 153 13 4 5 2.79 1.2 0.22 201 2.5 85
AR187 201428 7687346 36 0.1 42 226.6 30 140 61 3.91 10844 519 1.9 118 9 2 3 1.71 1.5 0.04 149 0.6 63
AR188 201435 7687297 7 15 253.3 15.7 50 33 3.07 4212 470 2.8 44 10 2 1 1.39 2 0.2 68 1 33
AR189 201440 7687243 11 0.2 27 236 34 119 78 3 5316 498 1.5 103 11 3 4 2.5 1.5 0.06 185 1.4 50
AR190 201450 7687196 3 0.1 15 229.9 33.8 231 62 4.08 10094 400 1.4 127 11 4 7 2.12 1.5 0.17 181 1.1 70
AR191 201451 7687145 5 19 147.8 72.7 288 127 8.69 51056 1237 1 324 8 26 30 1.55 1.2 0.42 209 1.9 110
AR192 201456 7687099 6 0.2 12 219.2 44.8 130 143 7.38 12017 1290 1.3 112 10 2 2 1.06 1.5 0.27 259 0.6 79
AR193 201453 7687051 3 0.1 12 148.3 59.5 155 150 8.66 20433 1584 0.9 133 9 1 2 1.1 1.4 0.36 319 0.8 104
AR194 201439 7686999 3 0.2 9 170.3 51.1 187 132 7.24 14714 1447 0.6 144 11 1 2 0.76 1.3 0.17 277 0.5 78
AR195 201399 7686949 2 0.2 7 241 12.6 36 28 3.52 6279 787 1.4 34 11 2 1 0.85 2 0.16 72 0.7 34
AR196 201352 7686900 2 0.2 3 250.1 33.5 174 92 7.9 16525 1203 1.1 104 10 5 7 0.33 1.6 0.13 209 0.2 77
AR197 201309 7686851 2 3 166.4 46.5 218 115 9.39 28316 1402 0.5 139 6 6 9 0.37 1.4 0.39 244 0.5 74
AR198 201245 7686808 6 0.1 4 193.8 33.8 180 116 8.25 22135 1018 0.5 113 9 7 8 0.52 1.6 0.54 225 1 71
AR199 201255 7686748 8 0.1 4 177.9 39.6 106 110 8.31 24438 1221 0.5 109 8 8 9 0.37 1.5 0.87 221 0.6 82
AR200 201259 7686696 4 0.1 4 175.3 47.9 129 129 10.15 19353 1397 0.6 128 9 9 10 0.43 1.5 0.56 248 0.7 67
AR201 200199 7685826 3 0.2 13 197.9 42.5 115 92 8.6 22447 1670 1.4 83 11 1 0.54 1.6 0.53 228 1.2 89
AR202 200200 7685800 3 0.1 30 198.5 44.2 101 115 8.69 21365 1539 3.1 84 7 1 0.9 1.9 0.42 197 2 79
AR203 200200 7685774 2 10 159.1 45 121 70 9.92 31730 1438 1.9 77 8 0.56 2.3 0.43 272 1.8 101
AR204 200201 7685751 3 0.2 9 379.9 24.9 86 78 5.78 17578 872 1.6 55 17 1.31 1.9 0.35 138 2.2 76
AR205 200200 7685724 2 7 332.3 33.3 103 88 7.5 22253 1239 1.8 71 14 1 1.24 1.8 0.51 182 8.2 87
AR206 200201 7685699 1 0.1 7 266.1 37.8 134 80 9.47 19753 1517 1.7 70 12 1 2 0.48 1.8 0.3 240 0.9 103
AR207 200600 7685500 2 0.1 10 216.4 31.8 156 64 7.68 8987 3314 1.7 81 23 0.51 1.5 0.28 199 0.6 80
AR208 200601 7685528 2 0.3 15 204.9 30.4 119 72 7 10899 2418 4.1 77 58 1 1 1.19 1.6 0.22 179 1.2 101
AR209 200601 7685550 1 0.4 22 241.8 29.4 126 72 11.32 16639 1942 2.4 76 57 0.96 1.4 0.31 190 5.6 125
AR210 200602 7685576 4 0.1 4 102.8 51.8 166 64 9.15 38803 1479 0.9 144 5 0.23 1.4 0.47 222 5.6 90
AR211 200601 7685603 2 0.1 6 161.6 45 168 79 9.02 26801 1464 1.2 92 7 1 0.59 1.6 0.23 236 2.8 93
AR212 200602 7685629 2 0.1 8 139 43.3 107 93 7.71 18965 1658 0.9 78 6 1 0.64 1.3 0.3 211 3.8 84

ASX Code: MRR

==> picture [157 x 57] intentionally omitted <==

Sample MGA_N MGA_E Au Ag As Ba Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Sb Sn Ta V W Zn
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** % **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm **
AR213 200601 7685657 4 0.1 4 127.1 41 96 83 7.63 20703 1400 0.8 73 6 0.3 1.3 0.25 190 1.1 75
AR214 200600 7685676 1 3 172 45.9 102 79 8.78 23292 1605 0.8 81 6 0.28 1.5 0.25 229 0.7 83
AR215 200600 7685700 2 0.1 9 170.7 49.8 127 88 9.57 23492 1990 0.8 89 6 1.04 1.5 0.3 260 1.1 94
AR216 200597 7685729 4 0.1 13 206.9 47.7 140 93 8.85 22745 2281 0.8 89 7 1 1.08 1.5 0.12 270 0.6 103
AR217 201000 7685200 1 8 190.2 49.2 160 67 10.98 19409 2595 0.7 89 8 1 0.21 1.5 0.11 346 0.2 127
AR218 201000 7685175 1 0.1 5 191.1 49.3 88 69 10.32 16600 2901 0.8 76 12 1 0.15 1.5 0.17 321 0.2 138
AR219 201000 7685149 1 0.2 4 230.2 52.9 91 82 8.95 14138 2423 1 116 16 1 0.15 1.5 0.12 299 0.2 147
AR220 200998 7685124 1 0.2 3 279.5 54.2 810 29 4.79 15074 2287 1.2 240 10 4 5 0.39 1.1 0.38 136 4.9 79
AR221 200999 7685101 2 0.2 4 230.5 52.2 841 37 5.4 27752 2203 2.3 293 9 5 6 0.62 1.3 0.35 157 30.2 75
AR222 201000 7685070 6 0.1 3 226.2 47.4 572 34 5.64 45934 972 3.1 314 9 4 4 0.39 1.7 0.51 109 50.1 54
AR223 201000 7685051 2 0.1 3 255.8 50.2 724 44 6.07 47530 1167 5.7 342 9 4 5 0.4 2.5 0.47 117 110 63
AR224 201001 7685021 3 5 320.4 36.5 587 29 5.34 28472 1133 2.1 218 14 2 4 0.96 2.8 0.56 119 44.1 67
AR225 201000 7684997 8 0.3 6 400.7 22.3 322 24 4.1 15793 718 0.9 126 20 2 2 1.78 1.9 0.41 86 7 56
AR226 201001 7684973 27 0.2 10 313.3 19.3 302 99 3.39 15626 452 1 154 14 2 2 2.85 1.9 0.29 64 6.1 67
AR227 200998 7684950 23 0.1 4 395.1 9.9 103 19 2.68 6638 340 0.8 59 25 1 1 0.81 4.9 0.85 42 3.7 49
AR228 200602 7685474 4 11 194.5 45.3 161 88 10.25 19726 2065 1.1 93 11 1 0.76 1.7 0.38 298 9 99
AR229 200600 7685451 6 0.1 5 379.4 21.9 79 56 5.92 8809 1075 0.7 48 16 1 0.65 1.9 0.22 149 1 72
AR230 200599 7685424 2 0.3 4 433 9.3 21 38 2.83 6806 350 0.6 17 20 1.45 5.2 0.69 62 1.1 43
AR231 200600 7685402 1 4 430.5 12 43 43 4.25 5147 459 0.7 31 17 1.86 2.2 0.39 98 1.2 46
AR232 200603 7685375 1 3 469.1 9.4 35 30 3.1 3022 403 0.9 21 19 1.68 1.9 0.15 63 1 40

ASX Code: MRR

==> picture [157 x 57] intentionally omitted <==

Table 4: Bamboo Creek Rock Chips Sampling Assay Results

Sample MGA_N MGA_E Au Au-
Rp1
Ag As Cr Cu Mo Ni Pb Pd Pt Sb Ta U V W Zn F F
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** %
CG201 200200 7685360 2 0.2 7 11 12 0.7 3 336 1.56 0.36 1.91 16 6.2 231
CG202 200475 7685580 4 14 32 1.9 14 41 0.38 0.15 9 1.4 29
CG203 200518 7685570 1 0.1 30 74 43 9.5 7 7 2.06 0.32 88 2.1 37
CG204 200622 7685655 3 0.1 89 23 89 1.5 19 8 6.55 0.13 49 3.3 31
CG205 200654 7686894 3 0.3 28 45 152 1 34 6 3 4 10.21 0.08 0.1 224 1.5 48
CG206 200635 7686989 3 0.4 8 54 50 1.3 33 8 9 8 1.98 0.02 0.12 143 0.8 10
CG207 200627 7687074 69 0.07 2.7 160 40 1646 9.8 23 18 2 3 16.11 0.09 61 2 58
CG208 200622 7687014 7112 8.22 152.6 32 17 120219 10.7 66 5 10 2 17.81 0.01 1.16 296 66.2 52
CG209 213780 7672140 63 0.07 1 5 83 828 0.9 33 39 1 3 0.78 0.58 2.98 149 2.2 95
CG210 212820 7673390 37 1.6 19 9 1322 3.9 2 36 1.04 0.26 9.07 7 3.4 17
CG211 212760 7673785 7 0.2 2 4 186 1.9 2 4 0.22 0.06 0.21 3 0.5 5
CG212 210445 7674630 7 0.2 10 217 2.9 4 3 0.18 0.04 0.14 0.6 5
CG213 200620 7687072 1930 2.28 478.5 15 18 266329 24 5 8 3 11.53 0.02 0.95 185 15.8 46
CG214 211290 7676433 18 3.2 2 10 2329 2.2 6 7 0.88 0.03 0.33 16 2 17
CG215 211180 7676406 12 4.9 6 2888 1.5 1 5 0.32 0.08 0.23 5 0.4 3
CG216 211826 7676450 3 0.1 2 10 92 2.4 7 9 0.16 0.05 0.18 15 0.7 5
CG217 211850 7676480 3 0.2 45 219 77 2.5 71 8 1 1.08 0.09 0.34 184 8.2 157
CG218 212200 7676040 9 0.1 3 9 24 2.3 7 8 0.21 0.08 0.83 12 1 22
CG219 212294 7676080 2 1 5 48 1.5 3 5 0.07 0.05 3 0.3 4
CG220 215360 7678460 211 0.25 16.1 3 6 35 9.1 2 52 0.56 0.69 3 1.1 11
CG221 215580 7678400 8 0.2 12 58 82 1.5 2 13 0.29 0.16 0.96 40 11 30
CG222 201416 7686968 12 0.1 61 54 4.6 167 5 14 3 1.9 0.05 1.5 292 2.1 172
CG223 201440 7687400 153 0.16 0.3 305 3026 62 1.5 364 30 1 3 6.76 0.02 0.14 177 2.8 125
CG224 201438 7687398 91 0.2 55 1029 23 1.9 96 9 1 3 3.88 0.01 0.05 163 1.5 49
CG225 201436 7687396 115 0.13 0.2 278 697 100 2 384 15 2 3 4.83 0.24 174 1.7 38
CG226 200614 7685655 12 0.2 171 12 173 3.7 40 7 1 12.24 0.23 84 2.5 60
CG227 200610 7685653 7 0.4 170 20 498 2.4 50 12 2 2 10.15 0.02 0.28 102 2.4 87

ASX Code: MRR

==> picture [157 x 57] intentionally omitted <==

Sample MGA_N MGA_E Au Au-
Rp1
Ag As Cr Cu Mo Ni Pb Pd Pt Sb Ta U V W Zn F F
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** %
CG228 200992 7685136 2 0.1 9 66 39 1.1 64 22 1.16 0.21 0.21 327 0.7 188
CG229 201000 7684950 2 0.1 9 1480 24 1.4 771 11 1 3 1.76 0.02 0.34 96 1.4 180
CG230 201001 7685150 2 0.2 4 70 91 9 61 3 0.22 0.34 15 0.4 125
CG232 201323 7686868 3 0.3 2 43 197 10.1 24 45 1 2 1.22 0.04 0.15 35 1.8 554
CG233 201324 7686865 5 0.2 3 191 298 2.5 81 28 6 7 0.44 0.11 0.08 195 0.5 17
CG234 201305 7686875 2 3 33 45 1.6 16 23 2 2 0.15 0.01 0.03 26 0.4 17
CG235 201317 7686860 2 0.1 2 188 100 1 97 29 7 7 0.84 0.09 0.09 210 0.3 72
CG236 201277 7686940 7 0.1 11 101 222 1.4 67 14 6 6 0.73 0.06 0.06 179 0.3 28
CG237 201550 7687348 27 0.3 79 700 14 2.9 110 22 2 3 4.49 0.05 70 4 41
CG238 200582 7685596 2 0.1 2 204 85 1.2 92 38 0.11 0.08 0.07 255 0.3 77
BCT001 200300 7687300 0.07 <0.5 <5 82 <1 219 5 73
BCT002 200331 7687282 <0.01 <0.5 <5 74 <1 206 5 71
BCT003 200331 7687282 0.01 <0.5 178 140 <1 79 5 68
BCT004 200313 7687257 0.01 <0.5 <5 290 <1 113 6 80
BCT005 200800 7687400 0.01 <0.5 6 31 1 66 3 157
BCT006 200843 7687376 0.01 <0.5 7 50 <1 122 8 79
BCT007 200812 7687288 <0.01 <0.5 <5 22 <1 16 2 16
BCT008 200707 7687324 0.01 <0.5 <5 8 <1 15 4 8
BCT009 201401 7686500 <0.01 <0.5 <5 94 <1 64 4 80
BCT010 198021 7683976 0.02 0.5 <5 103 3 5 45 8
BCT011 197987 7683929 0.02 2.8 <5 18 1 3 97 20
BCT012 197956 7683883 0.21 6 <5 213 9 6 2420 127
BCT013 197886 7683820 <0.01 0.7 <5 173 1 3 88 17
BCT014 205308 7680699 <0.01 <0.5 <5 7 <1 6 14 65
BCT015 202701 7679044 <0.01 <0.5 <5 32 <1 17 31 86
BCT016 202597 7679089 <0.01 <0.5 <5 119 <1 44 23 140
BCT017 213091 7676369 <0.01 <0.5 <5 138 <1 979 2 100

ASX Code: MRR

==> picture [157 x 57] intentionally omitted <==

Sample MGA_N MGA_E Au Au-
Rp1
Ag As Cr Cu Mo Ni Pb Pd Pt Sb Ta U V W Zn F F
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** %
BCT018 213088 7676366 <0.01 <0.5 <5 11 <1 9 10 44
BCT019 213072 7676366 <0.01 <0.5 <5 30 <1 29 13 74
BCT020 213028 7676429 <0.01 <0.5 <5 19 <1 15 13 60
BCT021 212807 7676560 <0.01 <0.5 <5 29 <1 12 30 64
BCT022 212958 7676615 <0.01 <0.5 12 154 <1 720 7 92
BCT023 212959 7676610 <0.01 <0.5 <5 22 <1 18 31 62
BCT024 212967 7676610 <0.01 <0.5 7 124 <1 704 9 74
BCT025 213214 7676137 <0.01 <0.5 11 163 <1 962 <2 114
BCT026 212696 7675742 <0.01 <0.5 7 9 1 16 122 158
BCT027 201389 7685946 <0.01 <0.5 5 88 <1 236 3 112
BCT028 201358 7685948 <0.01 <0.5 <5 76 <1 216 2 106
BCT029 201342 7685966 <0.01 <0.5 <5 70 <1 204 5 114
BCT030 201312 7685972 <0.01 <0.5 <5 92 <1 204 7 99
BCT031 201145 7686004 <0.01 <0.5 <5 76 <1 296 2 110
BCT032 197888 7683999 0.21 1.3 <5 505 2 5 83 5
BCT033 197894 7684008 1.28 83.5 <5 2940 3 6 695 32
BCT034 197989 7684175 0.01 0.8 <5 145 7 7 146 21
BCT035 197964 7684142 0.01 0.8 <5 140 5 5 59 8
BCT036 197948 7684124 0.03 2 <5 735 15 15 44 23
BCT037 197937 7684108 0.07 5.7 <5 3440 3 20 948 218
SE001 200447 7687198 <0.01 <0.5 <5 35 <1 5 4 17
SE002 200631 7686991 <0.01 <0.5 <5 48 <1 56 <2 15
SE003 200628 7687020 <0.01 <0.5 10 75 <1 25 6 30
SE004 200625 7687043 <0.01 <0.5 16 16 <1 42 2 34
SE005 200628 7687049 0.09 4.2 49 445 1 9 4 14
SE006 200625 7687076 30.8 154 17 65400 7 23 2 25
SE007 200441 7687295 0.07 <0.5 8 73 <1 9 <2 7

ASX Code: MRR

==> picture [157 x 57] intentionally omitted <==

Sample MGA_N MGA_E Au Au-
Rp1
Ag As Cr Cu Mo Ni Pb Pd Pt Sb Ta U V W Zn F F
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** %
SE008 200348 7687272 0.01 <0.5 52 105 <1 45 <2 14
SE009 201446 7687405 0.31 1.7 909 1190 1 657 34 157
SE010 201457 7687407 0.01 <0.5 152 92 <1 479 14 98
SE013 200016 7686001 <0.01 <0.5 14 125 7 73 3 129
SE014 200108 7685881 0.02 0.9 51 260 45 14 230 48
SE015 206766 7675002 <0.01 <0.5 7 6 <1 11 21 7
SE020 206924 7674984 <0.01 <0.5 9 52 <1 20 13 85
SE021 206886 7974952 <0.01 <0.5 8 60 <1 18 20 82
SE022 208518 7676200 <0.01 <0.5 10 10 <1 8 9 72
SE023 208526 7676173 <0.01 <0.5 10 60 <1 15 22 76
SE024 208536 7676177 <0.01 <0.5 10 65 <1 17 20 78
SE025 208553 7676194 <0.01 <0.5 <5 5 <1 1 13 11
SE027 200915 7685162 <0.01 0.6 1610 146 5 45 9 310
SE028 200994 7685135 <0.01 <0.5 <5 130 6 67 <2 123
SE029 201156 7685097 <0.01 <0.5 5 9 <1 88 <2 54
SE030 201168 7685091 0.01 <0.5 <5 5 <1 36 <2 70
SE031 201252 7685073 <0.01 <0.5 12 78 <1 41 <2 57
SE032 200728 7685447 <0.01 <0.5 <5 27 <1 5 <2 3
SE033 200723 7685499 <0.01 <0.5 46 410 1 23 <2 58
SE034 200682 7685709 <0.01 <0.5 74 13 <1 16 <2 15
SE035 200620 7685654 <0.01 <0.5 105 44 1 18 <2 36
SE036 200435 7685814 <0.01 <0.5 8 91 1 30 7 41
SE037 200274 7685874 <0.01 <0.5 6 26 2 29 12 57
SE039 200382 7685961 <0.01 0.8 17 39 1 117 4 438
SE040 200370 7685938 <0.01 <0.5 <5 81 1 45 2 84
SE041 200140 7686023 <0.01 <0.5 16 35 1 8 13 36
BCX001 197866 7683950 0.01 1 <5 563 1 6 120 10 60

ASX Code: MRR

==> picture [157 x 57] intentionally omitted <==

Sample MGA_N MGA_E Au Au-
Rp1
Ag As Cr Cu Mo Ni Pb Pd Pt Sb Ta U V W Zn F F
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** %
BCX002 197875 7683972 0.03 3 <5 247 8 5 138 7 >20000 10.45
BCX003 197884 7684019 0.01 2.4 <5 363 2 25 3910 26 >20000 7.14
BCX004 197895 7684010 1.34 87.6 7 307 3 6 645 16 840
BCX005 197692 7683597 0.04 3.6 <5 1740 116 12 3580 1405 >20000 7.69
BCX006 197792 7683726 <0.01 1.2 <5 711 <1 71 1380 390 1070
BCX007 197764 7683727 <0.01 <0.5 <5 780 <1 89 58 52 1010
BCX008 197898 7683837 <0.01 1.4 <5 42 <1 4 127 13 230
BCX009 197964 7683903 0.22 3.6 <5 96 9 3 912 36 >20000 11.85
BCX010 200344 7687269 <0.01 <0.5 302 202 3 86 11 128
BCX011 200380 7687246 <0.01 <0.5 <5 184 <1 127 <2 100
BCX012 200422 7687224 <0.01 <0.5 5 9 1 11 2 22
BCX013 200622 7687021 <0.01 <0.5 7 84 <1 23 16 41
BCX014 200620 7687023 <0.01 <0.5 8 156 <1 126 3 80
BCX015 200624 7687023 <0.01 <0.5 19 72 <1 46 3 91
BCX016 200621 7687042 <0.01 <0.5 15 46 <1 46 3 31
BCX017 200624 7687040 0.33 23.1 1240 6430 38 76 79 147
BCX018 200628 7687041 <0.01 <0.5 7 101 <1 115 2 22
BCX019 200620 7687052 <0.01 <0.5 38 34 <1 26 3 20
BCX020 200625 7687052 0.17 5.2 20 1030 1 10 11 13
BCX021 200615 7687053 <0.01 0.5 37 169 <1 39 4 12
BCX022 200619 7687068 <0.01 0.7 75 333 <1 116 <2 20
BCX023 200624 7687069 0.03 1.7 39 542 1 7 4 11
BCX024 200629 7687069 <0.01 <0.5 <5 168 <1 114 <2 90
BCX025 200625 7687072 4.27 251 19 163000 14 33 <2 13
BCX026 200620 7687072 <0.01 <0.5 <5 335 <1 35 4 15
BCX027 200616 7687071 0.59 13.8 286 10700 8 18 20 191
BCX028 200628 7687081 <0.01 <0.5 5 132 <1 134 5 120

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ASX Code: MRR

Sample MGA_N MGA_E Au Au-
Rp1
Ag As Cr Cu Mo Ni Pb Pd Pt Sb Ta U V W Zn F F
metres metres **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppb ** **ppb ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** **ppm ** %
BCX029 200618 7687151 0.07 5.5 19 4030 <1 16 4 13
BCX030 200505 7687327 <0.01 <0.5 5 58 <1 58 3 47
BCX031 200646 7687341 <0.01 <0.5 9 131 <1 16 3 17
BCX032 200680 7687341 <0.01 <0.5 22 186 <1 154 <2 137
BCX033 200811 7687374 <0.01 <0.5 18 144 <1 69 3 66
BCX034 200902 7687335 <0.01 <0.5 7 41 <1 60 2 33
BCX035 200961 7687295 <0.01 <0.5 13 61 <1 71 5 27
BCX036 201107 7687225 <0.01 <0.5 <5 40 <1 48 <2 37
BCX037 201210 7687390 <0.01 <0.5 14 21 88 <1 132 <2 249
BCX038 201480 7687401 0.01 <0.5 264 1785 57 <1 538 4 100
BCX039 201464 7687399 <0.01 <0.5 145 548 51 <1 338 3 62
BCX040 201500 7687391 0.13 <0.5 135 1765 30 1 244 3 80
BCX041 197200 7682642 0.44 2.6 <5 235 5 30 359 128
BCX042 197178 7682604 0.05 1.8 5 286 5 26 2500 287

ASX Code: MRR

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Appendix A

– JORC Code, 2012 Edition Table 1 report

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling (eg cut channels, random chips, or  Rock Chip Samples: 132
techniques specific specialised industry standard measurement tools
appropriate to the minerals under investigation, such as down
 Soil Samples: 149
hole gamma sondes, or handheld XRF instruments, etc). These  All soils were collected along four north-south traverses. Line
examples should not be taken as limiting the broad meaning of spacing was 400 metres and sample spacing 50 metres.
sampling.  About 3 kilograms of minus 2mm sieved material was collected
Include reference to measures taken to ensure sample at a depth down to 20cm.
representivity and the appropriate calibration of any
measurement tools or systems used.
 All rock chip samples were collected from the general area of
soil sampling.
Aspects of the determination of mineralisation that are Material
to the Public Report.
 All soil and rock chip samples were sent for analysis to Genalysis
Laboratory Services Pty Ltd in Perth.
In cases where ‘industry standard’ work has been done this would
be relatively simple (eg ‘reverse circulation drilling was used to
 All samples were analysed for a large suite totalling 22 elements.
obtain 1 m samples from which 3 kg was pulverised to produce a  Elements Au, Pt, and Pd were analysed by method FA25/MS:
30 g charge for fire assay’). In other cases more explanation may using 25g Leadcollection fire assay in new pots and by analysed
be required, such as where there is coarse gold that has inherent by Inductively Coupled Plasma Mass Spectrometry.
sampling problems. Unusual commodities or mineralisation types  Elements Ag, As, Ba, Co, Mo, Pb, Sb, Sn, Ta, U and W were
(eg submarine nodules) may warrant disclosure of detailed analysed by method AT/MS: using a multi-acid digest including
information. Hydrofluoric, Nitric, Perchloric and Hydrochloric acids in Teflon
Tubes. Analysis was done by Inductively Coupled Plasma Mass
Spectrometry.
 Elements Cr, Cu, Fe, Mg, Mn, Ni, V and Zn were analysed by
method AT/OES: usinga similar multi-acid digest but analysed

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Criteria JORC Code explanation Commentary
by Inductively Coupled
Drilling Drill type (eg core, reverse circulation, open-hole hammer, rotary  No drilling was undertaken
techniques air blast, auger, Bangka, sonic, etc) and details (eg 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).
Drill sample Method of recording and assessing core and chip sample  No drilling was undertaken
recovery recoveries and results assessed.
Measures taken to maximise sample recovery and ensure
representative nature of the samples.
Whether a relationship exists between sample recovery and grade
and whether sample bias may have occurred due to preferential
loss/gain of fine/coarse material.
Logging Whether core and chip samples have been geologically and  Geological description was undertaken when sample was
geotechnically logged to a level of detail to support appropriate collected
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.
Sub- If core, whether cut or sawn and whether quarter, half or all core  Elements Au, Pt, and Pd were analysed by method FA25/MS:
sampling taken. using 25g Lead collection fire assay in new pots and by analysed
techniques
and sample
preparation
If non-core, whether riffled, tube sampled, rotary split, etc and
whether sampled wet or dry.
by Inductively Coupled Plasma Mass Spectrometry.
 Elements Ag, As, Ba, Co, Mo, Pb, Sb, Sn, Ta, U and W were
For all sample types, the nature, quality and appropriateness of analysed bymethod AT/MS: usinga multi-acid digest including

ASX Code: MRR

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Criteria JORC Code explanation Commentary
the sample preparation technique. Hydrofluoric, Nitric, Perchloric and Hydrochloric acids in Teflon
Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
Tubes. Analysis was done by Inductively Coupled Plasma Mass
Spectrometry.
Measures taken to ensure that the sampling is representative of  Elements Cr, Cu, Fe, Mg, Mn, Ni, V and Zn were analysed by
the in situ material collected, including for instance results for field
method AT/OES: using a similar multi-acid digest but analysed
duplicate/second-half sampling. by Inductively Coupled
Whether sample sizes are appropriate to the grain size of the
material being sampled.
Quality of The nature, quality and appropriateness of the assaying and  All assay information has been digitized form historic open file
assay data laboratory procedures used and whether the technique is reports.
and
laboratory
tests
considered partial or total.
For geophysical tools, spectrometers, handheld XRF instruments,
etc, the parameters used in determining the analysis including
 All soil and rock chip samples were sent for analysis to Genalysis
Laboratory Services Pty Ltd in Perth.
instrument make and model, reading times, calibrations factors
applied and their derivation, etc.
Nature of quality control procedures adopted (eg standards,
blanks, duplicates, external laboratory checks) and whether
acceptable levels of accuracy (ie lack of bias) and precision have
been established.
Verification The verification of significant intersections by either independent  Soil and Rock chip samples were reviewed by previous company
of sampling or alternative company personnel. geologist and current MinRex geologist
and
assaying
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.

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Criteria JORC Code explanation Commentary
Location of Accuracy and quality of surveys used to locate drill holes (collar  A handheld Garmin GPS was used to survey the sample points.
data points and down-hole surveys), trenches, mine workings and other
locations used in Mineral Resource estimation.
 The grid used was GDA94 Zone 51.
Specification of the grid system used.
Quality and adequacy of topographic control.
Data Data spacing for reporting of Exploration Results.  The data spacing and distribution are considered sufficient for
spacing and
distribution
Whether the data spacing and distribution is sufficient to establish
the degree of geological and grade continuity appropriate for the
the current level of exploration.
 Samples were not composited in the sampling phase.
Mineral Resource and Ore Reserve estimation procedure(s) and
classifications applied.
 See maps for sample distribution.
Whether sample compositing has been applied.  Data distribution was on an outcrop basis so is random in
nature.
Orientation Whether the orientation of sampling achieves unbiased sampling  Samples were collected perpendicular to interpreted geology
of data in of possible structures and the extent to which this is known,
relation to considering the deposit type.
geological
structure
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.
Sample The measures taken to ensure sample security.  Not documented.
security
Audits or The results of any audits or reviews of sampling techniques and  There have been no documented previous audits of sampling
reviews data. techniques and data.

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Section 2 Reporting of Exploration Results

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

Criteria
JORC Code explanation
Commentary
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.
 E45/4853 and E45/4560 granted licences of which 70% is owned by
MinRex Resources Limited.
Exploration
done by
other parties
Acknowledgment and appraisal of exploration by other parties.
A78944 – 2008 – Annual Report for EL 45/2596 – Spinifex Ridge-
Bamboo Creek Project –Artemis Resources Ltd– Frans Voermans
Soil sampling (133 samples) and (38) rock chip samples – 4 areas with
visible copper mineralisation.
Norms Find 26.6% Cu & 12.0% Cu, Copper Gossan 0.3% Cu. Maps show
locations. Assay sheets with results.
A87278 – 2010 – Annual Report for EL 45/2596 and 3099 – Spinifex
Ridge-Bamboo Creek Project –Artemis Resources Ltd– D Price
Rock chip sampling (40) for iron ore. Geological review, geophysics,
sub audio magnetic survey.
A91154 – 2011 – Annual Report for EL 45/2596 and 3099 – Spinifex
Ridge-Bamboo Creek Project –Artemis Resources Ltd– A. Ivan R.
Burgess (Al Maynard & Associates)
Metal Bank Limited acquired 80% interest in both EL’s during the year.
Norms Find values upto 26% Cu,7g/t Au & 478g/t Ag.

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Criteria
JORC Code explanation
Criteria
JORC Code explanation
Commentary
Rock chip sampling at several locations including Norms Find, Terrys
Gossan and Nobb Well – many of these only have assays of about 300-
500ppm Cu and 9ppm Mo. Maps of locations.
A94587 – 2012 – Annual Report for EL 45/2596 and 3099 – Bamboo
Creek Project –Metal Bank Ltd– A. Border
Metal Bank Limited acquired both EL’s from Artemis last year.
Reconnaissance rock chip sampling to assess previously generated
targets – 72 samples. BC1, BC2, BC3, BC7, BC8, BC10, BC16, BC4, BC7
Footwall
0.31g/t Au & 0.12% Cu from
30.8g/t Au, 154g/t Ag and 6.54% Cu
BC74 samples at
0.21g/t Au & 0.24% Zn
0.21g/t Au
1.28g/t Au, 83.5g/t Ag & 0.29% Cu
0.34% Cu
A98526 – 2013 – Annual Report for EL 45/2596 and 3099 – Bamboo
Creek Project –Metal Bank Ltd– K. Whittock
Reconnaissance rock chip sampling in the very north and BC7 areas–
42 samples.
BC07consists of two parallel quartz veins, observations of
chalcopyrite, pyrite, molybdenite and fluorite. Strike 030oOne sample
of 1.34g/t Au and 87.6g/t Ag. Another sample of 11.85% fluorite. Cu
up to 0.17% and Mo up to 116ppm.
BC01 & BC02mafic, felsic and u/m rocks of the Warrawoona Group.
Cr upto 1,785ppm.

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ASX Code: MRR

Criteria
JORC Code explanation
Commentary
Norms Find200m quartz vein, sub-vertical, gossanous, minor
malachite. BCX025 - 4.27g/t Au, 251g/t Ag & 16.25% Cu. BCX027 –
0.59g/t Au,13.8g/t Ag& 10.65% Cu.

Deposit type, geological setting and style of mineralisation.
 Porphyry Cu-Au systems, WA Archean lode gold system, ultramafic
Ni-Cr layered deposits
 At this early-stage mineralisation appears to be associated with
quartz veins in a sheared and contorted mafic volcanic (basalt).
 Nickel is interpreted to be hosted in Basic and Ultramafic rocks, with
massive sulphide accumulations proximal to basal layer.
Drill hole
Information
A summary of all information material to the understanding of
the exploration results including a tabulation of the following
information for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in
metres) of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified on the basis that
the information is not Material and this exclusion does not
detract from the understanding of the report, the Competent
Person should clearly explain why this is the case.
 Samples were located by GPS
Data
aggregation
methods
In reporting Exploration Results, weighting averaging
techniques, maximum and/or minimum grade truncations (eg
cutting of high grades) and cut-off grades are usually Material
and should be stated.
 Rock Chip and Soil sample assay values are reported as point
values
 Actual metal assays values are reported with no modification.

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Criteria JORC Code explanation Commentary
Where aggregate intercepts incorporate short lengths of high
grade results and longer lengths of low grade results, the
procedure used for such aggregation should be stated and
some typical examples of such aggregations should be shown
in detail.
The assumptions used for any reporting of metal equivalent
values should be clearly stated.
Relationship These relationships are particularly important in the reporting  No drilling was undertaken
between of Exploration Results.
mineralisati
on widths
and
If the geometry of the mineralisation with respect to the drill
hole angle is known, its nature should be reported.
intercept If it is not known and only the down hole lengths are reported,
lengths there should be a clear statement to this effect (eg ‘down hole
length, true width not known’).
Diagrams Appropriate maps and sections (with scales) and tabulations of  Plan of the sample locations shown in Figure 2 and with all soil and
intercepts should be included for any significant discovery being
rock chip assay data in Tables 3 and 4.
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 Exploration Results is not
 No drilling was undertaken
reporting practicable, representative reporting of both low and high
grades and/or widths should be practiced to avoid misleading
reporting of Exploration Results.
Other Other exploration data, if meaningful and material, should be  There are no other results to report that are considered material.
substantive reported including (but not limited to): geological observations;
exploration geophysical survey results; geochemical survey results; bulk
data samples – size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical and rock

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Criteria JORC Code explanation Commentary
characteristics; potential deleterious or contaminating
substances.
Further work The nature and scale of planned further work (eg tests for  Further surface reconnisance and rock chip sampling is planned
lateral extensions or depth extensions or large-scale step-out with future drill targeting following this program.
drilling).
Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling
areas, provided this information is not commercially sensitive.