MOHO RESOURCES LIMITED — Investor Presentation 2022

Apr 28, 2022

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29 April 2022
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EXPLORATION UPDATE – SILVER SWAN NORTH

HIGHLIGHTS:

• High grade bedrock gold mineralisation within a broader zone of gold and arsenic anomalism was intersected in RC hole 21SSC009 close to Tyrell’s gold prospect:

• 3m @ 4.27 g/t Au from 106m including 1m @ 11.6 g/t Au from 106m

• 2m @ 0.42 g/t Au from 110m

• 2m @ 0.79 g/t Au from 113 including 1m @ 1.24 g/t Au from 113m

• Diamond drilling: 21SSC005 extended from 165m with diamond drilling to test Omrah EM anomaly:

• 1[st] Conductor intersected at 377.2m downhole and identified to be a black shale unit associated with massive pyrrhotite mineralisation

• 2[nd] Conductor intersected at 480m downhole identified as large shear zone

• Hole cased for follow-up down-hole EM survey

• RC holes 21SSC011 – 21SSC014 drilled at Wise prospect all intersected ultramafic units and holes cased for down-hole EM surveys

• Report submitted to DMIRS for part-payment of ~$100,000 of EIS co-funded drilling grant

NEXT STEPS:

• Down-hole EM surveying of diamond hole and RC holes

• Geochemical review of Black Swan South and greater Silver Swan North Project

• Ground EM survey at Black Swan South

• Drilling of updated geochemical and geophysical targets

“The high-grade bedrock gold intersection within a broad zone of anomalism in 21SSC009 is very encouraging and reinforces the prospectivity of the gold trend recently identified by Aircore drilling across the Tyrells and Hodges Gold prospects”

• Mr Shane Sadleir, Moho Managing Director

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Moho Resources Ltd (ASX:MOH) ( Moho or Company ) is pleased to provide an exploration update on the Reverse Circulation and diamond drilling programs carried out at the Omrah and Wise Nickel prospects in late 2021 /early 2022 within the Silver Swan North project (Figure 1).

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Figure 1: Moho’s Silver Swan North Project tenements, including optioned tenements with interpreted GSWA Ultramafic units

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Table 1: Reverse Circulation drilling collar details

	HoleID	Z51_East	Z51_North	RL	Depth	Azi	Dip
	21SSC001	363133	6639066	402	198	232	-60
	21SSC002	363301	6639180	404	162	232	-60
	21SSC003	363060	6639016	401	186	232	-60
	21SSC004	363219	6639124	404	198	232	-60
	21SSC005	363385	6639237	400	165	232	-60
	21SSC006	363468	6639293	405	198	232	-60
	21SSC007	363552	6639350	406	201	232	-60
	21SSC008	363633	6639405	405	198	232	-60
	21SSC009	363718	6639463	405	192	232	-60
	21SSC010	363799	6639517	407	198	232	-60
	21SSC011	363325	6639950	402	300	232	-60
	21SSC012	363450	6640031	404	264	232	-60
	21SSC013	363275	6640155	393	300	232	-60
	21SSC014	363400	6640237	404	300	232	-60

Figure 3: RC Collar locations

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RC DRILLING

A total of 14 holes were completed totalling 3,060 metres of drilling (Table 1, Figure 2).

Gold Mineralisation:

High grade bedrock gold mineralisation was intersected in RC hole 21SSC009 close to Tyrell’s gold prospect:

• 3m @ 4.27 g/t Au from 106m including 1m @ 11.6 g/t Au from 106m

• 2m @ 0.42 g/t Au from 110m

• 2m @ 0.79 g/t Au from 113 including 1m @ 1.24 g/t Au from 113m

• Mineralisation located within broader 29m-wide anomalous envelope averaging 0.5g/t Au

RC Drillhole 21SSC009 intersected a broad envelope of gold mineralisation from 106m downhole (Table 2). The gold mineralisation is contained in a felsic volcanic unit associated with minor pyrite mineralisation and quartz veining. Interestingly it can be noted the mineralised interval shows elevated arsenic concentrations and iron oxidation of volcanic units which bear resemblance to mineralised structures intersected at Moho’s East Sampson Dam gold deposit.

T able 2 - Significant Intersections 21SSC009:

HoleID	From	To	Interval (m)	Grade (g/t Au)	Significant intercept
21SSC009	106	109	3	4.27	3m @ 4.27 g/t Au from 106m including1m @ 11.6g/t Au from 106m
21SSC009	110	112	2	0.42	2m@0.42g/t Au from 110m
21SSC009	113	115	2	0.79	2m @ 0.79 g/t Au from 113 including1m @ 1.24g/t Au from 113m

*Down-hole length, true width not known

Nickel Targets:

Lithogeochemistry confirmed that drillholes 21SSC001 – 008 failed to intersect any ultramafic lithologies (Figure 3) or any visible sulphide mineralisation > 1%. pXRF analysis indicated that no anomalous nickel greater than 1,000ppm Ni was intersected.

The RC drilling was unable to penetrate to a depth in which the EM conductor could be intercepted, requiring follow-up diamond drill testing.

21SSC011 – 21SSC014 were drilled into the “Wise” prospect, with all 4 drillholes intersecting ultramafic units. Preliminary XRF data shows no anomalous nickel was intersected. No visible sulphides (>1%) were evident in the logging (Figure 4).

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Figure 4: Cross-section (looking NW) of RC drilling at Omrah Ni prospect

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Figure 5: Cross section (Looking NW) of RC drilling at Wise Ni target

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DIAMOND DRILLING

Only 1 hole was drilled for a total of 319.4m (484.5m Total depth), extended from bottom of hole of 21SSC005 (Table 2, Figure 5). The drill hole was designed to test the conductive EM plate at the Omrah target.

Table 3: Diamond Drilling collar details:

HoleID	Type	Z51_East	Z51_North	RL	Depth	Azi	Dip	Comment
21SSC005	RC	363385	6639237	400	165	232	-60
21SSC005	DD	363385	6639237	400	484.5	232	-60	Diamond tail

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Figure 6: Location of 21SSC005 Diamond tail

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The Diamond hole was designed to intersect the EM conductor at +-405m downhole. The conductor was intersected at 377.2m and identified to be a black shale unit associated with massive pyrrhotite mineralisation (Figure 6). Remodelling of the EM data indicated an additional conductor sitting at +-480m downhole and the hole was extended to intersect it. The second conductor was logged to be a shear zone, indicated by extremely broken up core, loss of water reported by the driller and oxidation of drill core.

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Figure 6: Black shale with massive Pyrrhotite

No ultramafic lithologies were observed in the core of diamond drillhole 21SSC005 and no anomalous nickel has been intersected (based on pXRF data).

Although drilling has failed to intersect any nickel sulphide mineralisation it has opened up the Wise prospect for further exploration.

NEXT STEPS

• Down-hole EM surveying od diamond hole and RC holes

• Geochemical review of Black Swan south and greater Silver Swan North Project

• Ground EM survey at Black Swan South

• Drilling of updated geochemical and geophysical targets

COMPETENT PERSON’S STATEMENT

The information in this announcement that relates to Exploration Results, geology and data compilation is based on information and supporting documentation compiled by Mr Richard Carver, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr Carver is a consultant to the Company and holds shares in the Company.

Mr Carver has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking 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 Carver consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

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MOHO’S INTEREST IN SILVER SWAN NORTH TENEMENTS

Moho is the 100% registered owner of granted tenements M27/263, E27/528, E27/626, P27/2232, P27/2390, E27/613 and E27/623 and applications for E27/633, E27/641, P27/2441, P27/2456, E24/235 and E27/687 all of which comprise the Silver Swan North Project. The Company has also signed option agreements to acquire M27/488, P27/2200, P27/2216, P27/2217, P27/2218, P27/2226 and P27/2229 (Figure 7).

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Figure 7: Silver Swan North tenements in relation to interpreted regional geology, current nickel exploration targets and Poseidon’s Black Swan Nickel Operation

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In October 2021 Moho entered into a binding Heads of Agreement with Yandal Resources Ltd (Yandal)[1] . Under the Heads of Agreement which is subject to final sale and transfers being completed, in exchange for a 1.0% Net Smelter Royalty, Moho will acquire from Yandal the exclusive right to access, explore for, own, mine, recover, process and sell all nickel, copper, cobalt and Platinum Group Elements (PGE) extracted from the tenements and associated minerals on 15 granted mining tenements held by Yandal. The Company will also vend four mining tenements under option and a tenement application to Yandal while retaining the ownership rights to nickel, copper, PGE and NSR gold royalties.

ABOUT MOHO RESOURCES LTD

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Moho Resources Ltd is an Australian mining company which listed on the ASX in November 2018. The Company is focused on gold and nickel exploration at Empress Springs, Silver Swan North and Burracoppin. Moho’s Board is chaired by Mr Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and Midas Resources Ltd. Moho has a strong and experienced Board lead by geoscientist Shane Sadleir as Managing Director, Commercial Director Ralph Winter and Adrian Larking, lawyer and geologist, as Non-Executive Director.

Moho’s Senior Exploration Geologist Nic d’Offay is supported by leading industry

consultant geophysicist Kim Frankcombe (ExploreGeo Pty Ltd) and experienced consultant geochemists Richard Carver (GCXplore Pty Ltd). Dr Jon Hronsky (OA) provides high level strategic and technical advice to Moho.

ENDS

The Board of Directors of Moho Resources Ltd authorised this announcement to be given to ASX.

For further information please contact:

Shane Sadleir, Managing Director Ralph Winter, Commercial Director T: +61 411 704 498 T: +61 435 336 538 E: shane@mohoresources.com.au E: ralph@mohoresources.com.au

1 Moho Resources Ltd [MOH] ASX announcement – “Moho Increases Nickel Exposure At Silver Swan North” (11/11/2021)

JORC Code, 2012 Edition – Table 1

Silver Swan Project

Section 1 Sampling Techniques and Data

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

Criteria	JORC Code explanation	Commentary	Commentary
Sampling	• Nature and quality of sampling (eg cut channels, random chips, or specific	•	Reverse circulation (RC) drilling was used to obtain 1m samples for
techniques	specialised industry standard measurement tools appropriate to the		every metre, with selected intervals composited by spear into 3m - 5m
	minerals under investigation, such as down hole gamma sondes, or		intervals for assaying. The RC rig used a cyclone splitter to ensure the
	handheld XRF instruments, etc). These examples should not be taken as		sample generated from each individual metre was homogenized.
	limiting the broad meaning of sampling.		Individual metres were also cone split into calico geochem bags.
	• Include reference to measures taken to ensure sample representivity and the	•	During spear sampling, field staff collected a number of passes
	appropriate calibration of any measurement tools or systems used.		through each 1m sample pile that made up the 4m composite sample
	• Aspects of the determination of mineralisation that are Material to the		interval to ensure the composited assay sample was as representative
	Public Report. In cases where ‘industry standard’ work has been done this		as possible.
	would be relatively simple (eg ‘reverse circulation drilling was used to obtain	•	A 1-3 kg composite sample was collected for assaying.
	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	•	Assays were undertaken on a multi-element suite by Aqua Regia
	there is coarse gold that has inherent sampling problems. Unusual		digest with an ICP-AES or ICP-MS (element dependent) finish.
	commodities or mineralisation types (eg submarine nodules) may warrant
	disclosure of detailed information.
Drilling	• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast,	• Reverse Circulation using a 5.5-inch hammer.
techniques	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 recoveries and	• Sample recoveries were monitored by the logging geologist
recovery	results assessed.	• Consistent drilling rate and vigilance by the logging geologist ensured
	• Measures taken to maximise sample recovery and ensure representative	optimum recoveries. Representative chips from each metre drilled are
	nature of the samples.	collected and stored in chip trays.
	• Whether a relationship exists between sample recovery and grade and	• No relationship observed between recovery and grade.
	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	• All	chips were geologically logged by a suitably qualified geologist.
	logged to a level of detail to support appropriate Mineral Resource	• All	logging is stored in a Moho database and undergone error validation and
	estimation, mining studies and metallurgical studies.	is confirmed to be correct.
	• Whether logging is qualitative or quantitative in nature. Core (or costean,
	channel, etc) photography.
	• The total length and percentage of the relevant intersections logged.
		• Logging is qualitative but chip trays are photographed.
		• 100% logged.

Criteria	JORC Code explanation	Commentary	Commentary
Sub-sampling	• If core, whether cut or sawn and whether quarter, half or all core taken.	•	No core, only drill chips.
techniques and	• If non-core, whether riffled, tube sampled, rotary split, etc and whether
sample	sampled wet or dry.	•	Samples were collected using a cone-splitter mounted to the drill rig and by
preparation	• For all sample types, the nature, quality and appropriateness of the sample		hand-held spear. Most samples most were dry.
	preparation technique.
	• Quality control procedures adopted for all sub-sampling stages to maximise	•	The sample preparation technique was appropriate for the drilling method
	representivity of samples.		and to industry standard.
	• Measures taken to ensure that the sampling is representative of the in situ	•	Certified reference material (CRM) standards were inserted as the 33rd, 66th
	material collected, including for instance results for field duplicate/second-		and 99thsamples in the sampling process.
	half sampling.	•	Field duplicates were collected every 50 samples and Blank material
	• Whether sample sizes are appropriate to the grain size of the material being		inserted every 50 samples as checks of the labs, which also inserted their
	sampled.		own standards and blanks.
		•	Sample sizes are considered appropriate for the drilling method.
Quality of	• The nature, quality and appropriateness of the assaying and laboratory	•	Multi element samples were analysed by Bureau Veritas Perth, with
assay data and	procedures used and whether the technique is considered partial or total.		samples dissolved in an Aqua Regia digestion (AR40). Aqua Regia is a
laboratory	• For geophysical tools, spectrometers, handheld XRF instruments, etc, the		partial digestion using nitric and hydrochloric acid at a 1:3 ratio. This
tests	parameters used in determining the analysis including instrument make and		digestion is effective at dissolving metal sulphides, most sulphates,
	model, reading times, calibrations factors applied and their derivation, etc.		carbonates, phosphates, organically bound metals, Au, Pt, Pd, tellurides,
	• Nature of quality control procedures adopted (eg standards, blanks,		selenides and arsenides.
	duplicates, external laboratory checks) and whether acceptable levels of	•	No geophysical instruments were used to determine element
	accuracy (ie lack of bias) and precision have been established.		concentrations.
		•	Wet chemical assaying of samples.
		•	CRM’s and duplicate samples were inserted at regular intervals, as well as
			duplicate and replicate analyses that were conducted as part of internal
			laboratory checks.
Verification of	• The verification of significant intersections by either independent or	•	Significant intersections were checked by alternative company personnel
sampling and	alternative company personnel.		prior to announcement.
assaying	• The use of twinned holes.	•	No holes were twinned at this stage of exploration.
	• Documentation of primary data, data entry procedures, data verification,	•	Data from RC drilling was collected in the field on a laptop. All drilling data
	data storage (physical and electronic) protocols.		was validated and incorporated into Moho’s sql database.
	• Discuss any adjustment to assay data.	•	No assay data was adjusted.
Location of	• Accuracy and quality of surveys used to locate drill holes (collar and down-	•	All collars were located using a hand-held GPS with an accuracy of +/-5m.
data points	hole surveys), trenches, mine workings and other locations used in Mineral		Drill holes were lined up on their planned azimuth and dip by the logging
	Resource estimation.		geologist. Downhole surveys were conducted at the end of each drillhole
	• Specification of the grid system used.		using a north seeking gyro (REFLEX Gyro SprintIQ). Readings were collected
	• Quality and adequacy of topographic control.		on an average interval of every 5m downhole.
		•	MGA94 Zone 51.
		•	Topographic control was by GPS with ~5–10m accuracy for AHD.

Criteria	JORC Code explanation	Commentary
Data spacing	• Data spacing for reporting of Exploration Results.	• Drill holes were specifically spaced to test geophysical targets.
and	• Whether the data spacing and distribution is sufficient to establish the	• Not applicable as no resource estimates are quoted.
distribution	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.	• Individual 1m samples and 3m – 5m composite samples as determined by
		the logging geologist.
Orientation of	• Whether the orientation of sampling achieves unbiased sampling of possible	• No relationship is known between sampling orientation and possible
data in relation	structures and the extent to which this is known, considering the deposit	structures.
to geological	type.
structure	• If the relationship between the drilling orientation and the orientation of key	• No relationship is known between drilling orientation and key mineralising
	mineralised structures is considered to have introduced a sampling bias, this	structures.
	should be assessed and reported if material.
Sample	• The measures taken to ensure sample security.	• All samples were collected by company personnel and transported to
security		Bureau Veritas Kalgoorlie for transport to their Perth lab.
Audits or	• The results of any audits or reviews of sampling techniques and data.	• No reviews have been conducted by external parties. Internal reviews by
reviews		various Moho personnel were undertaken.

Section 2 Reporting of Exploration Results

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

Criteria	JORC Code explanation	Commentary	Commentary
Mineral	• Type, reference name/number, location and ownership including	•	On 27 July 2015, Moho entered into a farm-in and joint venture
tenement and	agreements or material issues with third parties such as joint ventures,		agreement with Lawson Gold Ltd (now Odin Metals Ltd) on M27/263.
land tenure status	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.	• •	On 31 January 2019, Moho’s 51% interest in M27/263 and E27/345 was officially registered with WA’s DMIRS. On 24 August 2020, Moho completed the 100% acquisition of
			M27/263 from Odin and renegotiated reduced royalty terms with
			Mithril.
		•	Moho holds 100% of P27/2456, P27/2390, E27/0528, E27/0633,
			E27/0626, E27/0613, E27/0623, P27/2232, M27/0263
		•	All tenements are located on pastoral leases on Mount Vetters and
			Gindalbie stations. A heritage clearance survey for drilling was
			completed with the Maduwongga People.
Exploration	• Acknowledgment and appraisal of exploration by other parties.	• Historical exploration has been completed over various areas covered by
done by other		Moho’s tenements. Companies who have worked in the area include:
parties
		Australian-Anglo American JV (1969-1976)
		Union Miniere/WMC Resources Ltd JV(1974-1975)

Criteria	JORC Code explanation	Commentary
		Esso Australia Ltd (1979-1981)
		Amax Resources Ltd (1982-1984)
		CRA Exploration Pty Ltd (1985-1989)
		Mt Kersey Mining (1990-1999)
		Aurora Gold (1991-1994)
		Heron Resources (1995-1997)
		Fodina Minerals (MPI/Outokumpu) (1994-2002)
		NiQuest (2000-2005)
		Mithril Resources (2006-2007)
		Lawson Gold (2010-2012)
		Moho Resources (2015-present)
Geology	• Deposit type, geological setting and style of mineralisation.	• The Silver Swan North Project is highly prospective for nickel and gold
		mineralisation. Gold is related to quartz-feldspar porphyry bodies which
		have intruded dilational zones within shear zones. It also can be spatially
		associated with fine-grained pyroclastic and clastic rocks in the Gindalbie
		area. Gold mineralisation in the area is locally associated with quartz-
		carbonate stockwork veins, breccia zones, sulphide-quartz-carbonate
		stringers and sheeted vein arrays. The focus for Ni sulphides is komatiite-
		hosted magmatic Ni deposits. Within the Silver Swan North project area,
		the regional felsic Gindalbie Group contains ultramafic units that host
		numerous massive and disseminated nickel sulphide deposits.
Drill hole	• A summary of all information material to the understanding of the	• See attached Collar table in this report.
Information	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	• No information has been excluded.
	understanding of the report, the Competent Person should clearly explain
	why this is the case.
Data	• In reporting Exploration Results, weighting averaging techniques, maximum	• No averaging or cut offs have been applied to the data. Composite grades
aggregation	and/or minimum grade truncations (eg cutting of high grades) and cut-off	are reported as received from the lab.
methods	grades are usually Material and should be stated.
	• Where aggregate intercepts incorporate short lengths of high grade results	• Intersection lengths and grades as reported are downhole lengths.
	and longer lengths of low grade results, the procedure used for such
	aggregation should be stated and some typical examples of such

Criteria	JORC Code explanation	Commentary
	aggregations should be shown in detail.
	• The assumptions used for any reporting of metal equivalent values should	• No metal equivalents have been reported.
	be clearly stated.
Relationship	• These relationships are particularly important in the reporting of Exploration	• Drill hole intersections are reported as downhole lengths and the true width
between	Results.	is not known.
mineralisation	• If the geometry of the mineralisation with respect to the drill hole angle is
widths and	known, its nature should be reported.
intercept	• If it is not known and only the down hole lengths are reported, there should
lengths	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 intercepts	• Refer to the figures in the body of this announcement for relevant plans.
	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 Exploration Results is not practicable,	• The reporting is balanced and factual.
reporting	representative reporting of both low and high grades and/or widths should
	bepracticed to avoid misleading reporting of Exploration Results.
Other	• Other exploration data, if meaningful and material, should be reported	• Final lab assay analyses are undergoing final QAQC however it is
substantive	including (but not limited to): geological observations; geophysical survey	understood there is no significant mineralisation for any element analysed
exploration	results; geochemical survey results; bulk samples – size and method of	contained in these datasets. No other significant exploration data is
data	treatment; metallurgical test results; bulk density, groundwater,	available for reporting.
	geotechnical and rock characteristics; potential deleterious or
	contaminating substances.
Further work	• The nature and scale of planned further work (eg tests for lateral extensions	• Refer to the ASX release for a synopsis of the planned future exploration
	or depth extensions or large-scale step-out drilling).	work at the Silver Swan North project.
	• Diagrams clearly highlighting the areas of possible extensions, including the
	main geological interpretations and future drilling areas, provided this
	information is not commercially sensitive.