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ORA BANDA MINING LTD Capital/Financing Update 2018

Apr 16, 2018

65475_rns_2018-04-16_2b510e60-894f-4d53-a57b-c4709f926417.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT 17 April 2018

RIVERINA DRILLING UPDATE

HIGHLIGHTS

Latest round of drilling at Riverina deposit continues to define broad zones of mineralisation

High grade intersections continue to enhance the open pit and underground mining potential of the deposit

  • Outstanding assays results returned

o 11.2 m @ 22.4 g/t from 64.2 metres o including 1.4 m @ 158.5 g/t Au

Additional highlights include:

  • 9.0 m @ 5.45 g/t

  • 1.0 m @ 56.4 g/t

  • 1.0 m @ 41.2 g/t

  • 26.0 m @ 1.30 g/t

  • 14.0 m @ 1.92 g/t

  • 19.0 m @ 1.31 g/t

  • 6.0 m @ 3.52 g/t

  • 17.0 m @ 1.20 g/t

  • 2.0 m @ 9.78 g/t

  • 5.0 m @ 3.77 g/t

  • 5.2 m @ 3.61 g/t

  • 6.0 m @ 3.06 g/t

  • 13.0 m @ 1.39 g/t

  • 3.0 m @ 5.93 g/t

  • 5.6 m @ 3.16 g/t

  • 5.0 m @ 3.52 g/t

  • 8.0 m @ 2.06 g/t

  • 5.0 m @ 3.26 g/t

  • 7.0 m @ 2.23 g/t

  • 3.0 m @ 5.04 g/t

ISSUED CAPITAL

Shares: 758.6 m Options: 219.6 m Current Share Price: $0.235 Market Capitalisation: $178.2 m Cash as at 31/12/2017: $80,000*

*Excluding total debt facilities of $35.0 m, see ASX announcement 31 Jan 2017. Drawn to date $24.06 m.

Eastern Goldfields Limited (ASX: EGS) ( Eastern Goldfields or the Company ) is pleased to announce the latest drilling results from its Riverina deposit, located within the Davyhurst Mining Hub, approximately 45 kilometres north of the Davyhurst processing plant and 160 kilometres north west of Kalgoorlie, Western Australia.

All assay results from the 31 diamond drill holes (4,281 metres) and 14 reverse circulation drill holes (1,376 metres) have now been received. Resource infill drilling commenced in late March 2018 and remains centred around resource definition within the main mining area (see Figure 2). Extensions to this mineralisation, which remain open both north, south and to the east, will be followed up later in the year.

Executive Chairman Michael Fotios said:

“This drilling continues to enhance our understanding of the impressive size and scale of the gold lode system at Riverina. We look forward to the results of the ongoing drilling programmes which are aimed at testing the extent of the system and delivering a mineral resource update. A detailed mining study will follow as Riverina is the Company’s next intended open pit mining centre to follow on from Siberia.”

A systematic development program for the Riverina deposit has been designed to deliver production milestones through a controlled spend, whilst also delineating and defining the exploration potential of the greater mineralised system. To achieve these outcomes, the development program is planned to be phased as follows:

  • Phase 1 – Main Mining Area (MMA), key objectives - resource definition, conclusion of mining study.

  • Phase 2 – Definition of viable strike extensions both north and south of the MMA. Key objective – deliver resource and reserve growth, extend mine life.

  • Phase 3 – Exploration of the Sunraysia Trend, including Silver Tongue and Forehand. Key objective – define resource potential, grow the resource base.

Main Mining Area – Phase 1

The main Riverina deposit has a current Mineral Resource of 2.6 Mt @ 2.5 g/t Au for 205,000 ounces and is one of several high priority mining targets at the Davyhurst Project. It is at an advanced stage with a high proportion of oxide tonnes defined. The current resource definition drilling has focused on the bulk tonnage potential of the Footwall Lode System located in the volcanic/meta-sedimentary sequence east of the Main Lode. Although broad and coalescing mineralisation exists in this area, two main lode surfaces dominate, locally known as the Murchison and Reggie’s lode (see Figures 2 to 7).

The MMA potential is approximately 300 metres wide and over 1,000 metres in strike length. Drilling has recommenced with approximately 7,000 metres of reverse circulation and 2,500 metres of diamond drilling remaining in the program. Preliminary mine evaluation work (undertaken in 2016/2017) has provided positive outcomes at commodity prices lower than the current gold price. The outcomes of a revised detailed mining study will be delivered in the second half of CY2018.

Strike Extensions of the Riverina Trend– Phase 2

The mineralised Riverina Trend remains open to the north for approximately 2,500 metres (to the Coumbe prospect) and to the south for approximately 1,000 metres (to the British Lion prospect). The potential total strike length of the mineralised system is therefore approximately 4.6 kilometres. Work proposals aimed at the systematic evaluation of the exploration potential of the trend are currently being compiled.

An area of keen geological interest involves the strike continuations of the mineralised system to the immediate south of the MMA, into an area that has been restricted by an historical 400 metre pastoral homestead exclusion zone. This long standing exclusion zone has precluded an effective exploration effort. The Company is in active discussions with the pastoralist regarding the relocation of the Riverina homestead which would then open up this highly rated area for exploration.

Regional targeting is bound to the west by a prominent N-S trending ultramafic body that has been targeted for nickel, but currently lacks gold anomalism. In all other directions, the Riverina system remains open. All these areas will be tested once the resource definition drilling within the MMA has been completed.

Sunraysia Trend – Phase 3

The exploration prospectivity continues further to the east, where another mineralised trend, namely the Sunraysia Trend, runs parallel to the Riverina Trend. The Silver Tongue (14koz) and Forehand (48koz) resource areas are located just 1 kilometre to the east of the MMA, and approximately 5.5 kilometres north of the Sunraysia deposit (32koz). These three deposits demonstrate the regional potential of the area, with significant portions of this trend currently underexplored or untested. These deposits are generally covered by a thin veneer of sand, which has restricted historical exploitation, and were only found by systematic shallow drilling beneath the shallow cover.

Table 1: Significant Individual Assay Results > than 10 g/t Au

Hole MGA
Northing
MGA
Easting
MGA
RL
MGA Azimuth Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
RVCD16231
6706795
264569
439
270
-60
275.2 220.0 221.0 1.0 10.1 10.1 RCDD
RVDD16001
6706513
264575
439
250
-60
239.1 168.5 169.0 0.5 110.0 55.0 DD
RVDD16002
6706513
264575
439
263
-60
230.1 162.8 163.3 0.5 10.7 5.3 DD
163.3 164.0 0.7 13.9 9.7
RVDD16013
6706860
264540
441
275
-60
116.1 49.0 50.0 1.0 13.5 13.5 DD
RVDD16015
6706900
264660
440
270
-60
124.1 52.1 53.1 1.0 11.9 11.9 DD
RVDD16018
6707000
264540
441
270
-55
1.4 m @ 158.5 g/t
107.0 64.2 64.9 0.7 16.4 11.5 DD
70.0 70.7 0.7 243.9 170.7
70.7 71.4 0.7 73.2 51.2
71.4 72.0 0.6 12.5 7.5
80.4 80.7 0.3 23.1 6.9
RVDD16020
6707020
264690
438
270
-60
144.9 135.0 136.0 1.0 14.5 14.5 DD
RVDD16021
6707060
264660
439
269
-60
84.9 7.0 7.2 0.2 16.7 3.3 DD
RVDD16026
6707100
264700
439
-59
266
100.4 18.6 18.9 0.3 11.1 3.3 DD
RVDD16027B
6707160
264600
444
90
-60
175.9 21.0 22.0 1.0 10.6 10.6 DD
95.5 96.1 0.6 12.1 7.3
RVDD16028
6707160
264632
442
90
-60
125.0 24.0 25.0 1.0 12.0 12.0 DD
RVDD16042
6706789
264659
437
272
-60
248.1 222.0 223.0 1.0 41.2 41.2 DD
RVDD16044
6706829
264599
440
270
-60
60.7 25.0 26.0 1.0 11.2 11.2 DD
RVDD16050
6706960
264605
439
270
-55
151.0 86.1 86.4 0.3 33.3 10.0 DD
115.7 116.3 0.6 41.0 25.2
123.0 124.0 1.0 10.8 10.8
RVDD16051
6707000
264680
439
270
-60
138.7 121.0 122.0 1.0 11.9 11.9 DD
RVDD16054
6707135
264535
446
269
-55
242.1 96.8 97.3 0.5 11.3 5.7 DD
RVRC16063
6706498
264523
440
270
-60
114.0 49.0 50.0 1.0 10.5 10.5 RC
RVRC16104
6706880
264470
439
270
-60
78.0 49.0 50.0 1.0 15.4 15.4 RC

==> picture [456 x 662] intentionally omitted <==

Figure 1: Project Location Plan.

==> picture [456 x 647] intentionally omitted <==

Figure 2: Riverina overview plan showing development phases and historic workings.

==> picture [461 x 662] intentionally omitted <==

Figure 3: Riverina drill hole location plan covering the main mining area (also shown are section locations & Lode systems open to the north and south)

==> picture [456 x 647] intentionally omitted <==

Figure 4: Riverina rock chip sampling location plan

==> picture [456 x 647] intentionally omitted <==

Figure 5: Riverina exploration drill plan with historic highlights shown.

==> picture [702 x 477] intentionally omitted <==

Figure 6: Cross Section 6707000N

==> picture [702 x 477] intentionally omitted <==

Figure 7: Cross Section 6706830N (East Lode System)

Investor Enquiries

Michael Fotios

Executive Chairman

T: +61 8 6241 1866

E : [email protected]

Competent Person Statements

The information in this report that relates to Exploration Results is based on information compiled under the supervision of Mr Andrew Czerw, a permanent employee of Eastern Goldfields Limited, who is Member of the Australian Institute of Mining and Metallurgy. Mr Czerw has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he 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 Czerw consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to the Sand King, Missouri and Low Grade Stockpile Mineral Resources is based on information compiled under the supervision of Mr Michael Thomson, a former employee of Eastern Goldfields Limited, who is Member of the Australian Institute of Mining and Metallurgy. Mr Thomson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he 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’. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been modified from the original announcement and, in the case of estimates of Mineral Resources, all material assumptions and technical parameters underpinning the estimates in the initial announcement continue to apply and have not materially changed.

The information in this report that relates to Mineral Resources (with the exception of Sand King, Missouri and Low Grade Stockpile Mineral Resources) is based on information compiled under the supervision of Mr Michael Thomson, a former employee of Eastern Goldfields Limited, who is Member of the Australian Institute of Mining and Metallurgy. Mr Thomson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been modified from the original announcement and, in the case of estimates of Mineral Resources, all material assumptions and technical parameters underpinning the estimates in the initial announcement continue to apply and have not materially changed. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

Forward Looking Statements

Eastern Goldfields Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Eastern Goldfields Limited, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it. This announcement is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever. This announcement may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Table 2: EGS Mineral Resource Statement

PROJECT MEASURED MEASURED INDICATED INDICATED INFERRED INFERRED TOTAL MATERIAL TOTAL MATERIAL TOTAL MATERIAL
Prospect ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.)
CENTRAL DAVYHURST
Golden Eagle 0 0.0 345 2.5 311 2.6 656 2.5 54
Lights Of Israel Underground 0 0.0 74 4.3 180 4.2 254 4.2 35
Makai Shoot 0 0.0 1,985 2.0 153 1.7 2,138 2.0 136
Waihi 0 0.0 805 2.4 109 2.4 914 2.4 71
Subtotal 0 0.0 3,200 2.2 800 2.6 3,962 2.3 296
RiIVERINA/ MULLINE
LadyGladys 0 0.0 1,858 1.9 190 2.4 2,048 1.9 128
Riverina Area 0 0.0 941 2.4 1,644 2.5 2,585 2.5 205
Forehand 0 0.0 386 1.7 436 1.9 822 1.8 48
Silver Tongue 0 0.0 155 2.7 19 1.3 174 2.5 14
Sunraysia 0 0.0 175 2.1 318 2.0 493 2.0 32
Subtotal 0 0.0 3,515 2.1 2,607 2.3 6,122 2.2 427
SIBERIA
Sand King 0 0.0 1,773 3.3 680 3.7 2,453 3.4 272
Missouri 0 0.0 2,022 3.0 409 2.6 2,431 2.9 227
Palmerston/Camperdown 0 0.0 118 2.3 174 2.4 292 2.4 22
Bewick Moreing 0 0.0 0 0.0 50 2.3 50 2.3 4
Black Rabbit 0 0.0 0 0.0 434 3.5 434 3.5 49
Thiel Well 0 0.0 0 0.0 18 6.0 18 6.0 3
Subtotal 0 0.0 3,913 3.1 1,765 3.2 5,678 3.1 577
CALLION
Callion 0 0.0 86 2.8 83 2.3 169 2.6 14
Subtotal 0 0.0 86 2.8 83 2.3 169 2.6 14
WALHALLA
Federal Flag 32 2.0 112 1.8 238 2.5 382 2.3 28
Salmon Gums 0 0.0 199 2.8 108 2.9 307 2.8 28
Walhalla 0 0.0 448 1.8 216 1.4 664 1.7 36
Walhalla North 0 0.0 94 2.4 13 3.0 107 2.5 9
Mount Banjo 0 0.0 109 2.3 126 1.4 235 1.8 14
Macedon 0 0.0 0 0.0 186 1.8 186 1.8 11
Subtotal 32 2.0 962 2.1 887 2.0 1,881 2.1 126
LADY IDA
Iguana 0 0.0 690 2.1 2,032 2.0 2,722 2.0 177
Lizard 106 4.0 75 3.7 13 2.8 194 3.8 24
Subtotal 106 4.0 765 2.3 2,045 2.0 2,916 2.1 201
Low Grade Stockpiles - - - - 764 1.1 764 1.1 27
DAVYHURST TOTAL 138 3.5 12,441 2.5 8,187 2.4 21,492 2.4 1,668
MOUNT IDA
Baldock 0 0.0 136 18.6 0 0.0 136 18.6 81
Baldock South 0 0.0 0 0.0 0 0.0 0 0.0 0
Meteor 0 0.0 0 0.0 143 9.3 143 9.3 43
Whinnen 0 0.0 0 0.0 39 13.3 39 13.3 17
MOUNT IDA TOTAL 0 0.0 136 18.6 182 10.2 318 13.8 141
MEASURED INDICATED INFERRED TOTAL MATERIAL
('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.)
COMBINED TOTAL 138 3.5 12,577 2.7 8,369 2.6 21,810 2.6 1,809
  1. All Resources listed above with the exception of the Missouri and Sand King Resources were prepared and first disclosed under the JORC Code 2004 (refer to ASX release “ Swan Gold Prospectus ”, 13/2/2013) . It has not been updated since to comply with JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

  2. The Missouri, Sand King and low grade stockpile Mineral Resources has been updated and complies with all relevant aspects of the JORC code 2012, and initially released to the market on 15 December 2016 (Missouri ) 3 January 2017 (Sand King and 14[th] July 2017).

  3. The above table contains rounding errors.

Significant intersection calculation notes

Initial interpretation of the Riverina lode system has identified 2 populations of mineralisation, a high grade system (Main lode) and the lower grade broad mineralisation to the east in (Murchison and Reggies lode systems). As such these zones are assessed with different cut-off and applicable internal dilution.

Appendix 1: Significant Intersections Table, This Release –EGS Drilling Greater than 1 g/t, maximum 2 m internal dilution

Hole MGA
Northing
MGA
Easting
MGA
RL
MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
RVCD16231
6706795
264569
439
270
-60
275.2
182.0 183.0 1.0 1.21 1.2 RCDD
213.0 214.0 1.0 2.76 2.8
219.0 221.0 2.0 5.60 11.2
Including 220.0 221.0 1.0 10.1 10.1
229.0 231.0 2.0 1.38 2.8
RVDD16001
6706513
264575
439
250
-60
239.1
Including
24.1 24.7 0.6 3.67 2.2 DD
29.6 30.0 0.4 1.19 0.5
49.0 50.0 1.0 1.21 1.2
55.3 56.1 0.8 4.38 3.5
66.3 66.7 0.4 2.89 1.2
168.0 169.0 1.0 56.4 56.4
168.5 169.0 0.5 110.0 55.0
192.7 195.7 3.0 4.34 13.0
RVDD16002
6706513
264575
439
263
-60
230.1
52.0 53.0 1.0 6.15 6.2 DD
110.0 112.6 2.6 1.99 5.2
162.0 167.0 5.0 3.77 18.9
Including 162.8 163.3 0.5 10.7 5.3
Including 163.3 164.0 0.7 13.9 9.7
RVDD16003
6706589
264525
440
270
-60
161.1
159.0 160.0 1.0 2.23 2.2 DD
RVDD16005
6706700
264540
440
270
-60
155.1
114.0 115.0 1.0 1.94 1.9 DD
RVDD16006
6706700
264625
437
268
-60
113.1
56.0 57.0 1.0 2.61 2.6 DD
76.0 78.0 2.0 1.27 2.5
88.0 89.0 1.0 1.35 1.3
RVDD16007
6706740
264575
439
268
-60
131.1
21.0 22.0 1.0 1.25 1.3 DD
78.0 84.0 6.0 3.06 18.4
90.0 91.0 1.0 1.70 1.7
RVDD16010
6706770
264585
439
270
-60
161.0
15.7 16.3 0.6 1.09 0.7 DD
24.2 26.6 2.4 1.83 4.4
30.7 31.3 0.6 1.68 1.0
56.0 57.0 1.0 3.15 3.1
69.0 71.8 2.8 2.18 6.1
79.0 80.0 1.0 1.56 1.6
108.0 108.7 0.7 1.96 1.4
RVDD16011
6706811
264597
439
270
-60
75.7
14.0 15.0 1.0 1.35 1.3 DD
22.0 25.0 3.0 0.88 2.6
29.0 30.0 1.0 2.59 2.6
37.0 39.0 2.0 1.67 3.3
RVDD16012
6706808
264644
437
267
-60
137.0
52.0 53.0 1.0 1.38 1.4 DD
89.0 90.0 1.0 1.37 1.4
RVDD16013
6706860
264540
441
275
-60
116.1
49.0 50.0 1.0 13.5 13.5 DD
76.5 77.0 0.5 1.21 0.6
103.0 104.0 1.0 3.68 3.7
107.0 108.0 1.0 2.24 2.2
RVDD16014
6706900
264640
441
270
-60
88.5
5.2 6.0 0.8 1.15 0.9 DD
8.2 9.7 1.5 1.10 1.6
12.7 14.2 1.5 1.52 2.3
18.0 18.7 0.7 1.74 1.2
34.8 36.0 1.2 1.02 1.2
40.4 41.0 0.6 1.64 1.0
52.0 53.0 1.0 1.63 1.6
74.0 75.0 1.0 1.08 1.1
RVDD16015
6706900
264660
440
270
-60
124.1
8.6 9.7 1.1 1.92 2.1 DD
12.3 12.5 0.2 1.96 0.4
16.0 19.8 3.8 0.62 2.3
52.1 57.7 5.6 3.16 17.7
Including 52.1 53.1 1.0 11.9 11.9
81.2 81.6 0.5 3.45 1.6
86.2 89.0 2.8 0.80 2.2
RVDD16018
6707000
264540
441
270
-55
107.0
29.0 33.0 4.0 1.30 5.2 DD
42.8 43.4 0.7 1.02 0.7
Hole MGA
Northing
MGA
Easting
MGA
RL
MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
Including
Including
Including
Including
64.2 66.3 2.1 6.56 13.4
70.0 75.4 5.4 43.6 235.6
64.2 64.9 0.7 16.4 11.5
70.0 70.7 0.7 243.9 170.7
70.7 71.4 0.7 73.2 51.2
71.4 72.0 0.6 12.5 7.5
79.9 80.7 0.8 9.76 7.8
80.4 80.7 0.3 23.1 6.9
RVDD16019
6707020
264670
438
269
-60
97.5
38.0 39.0 1.0 1.01 1.0 DD
41.6 43.0 1.4 1.33 1.9
46.6 47.5 0.9 1.55 1.4
53.7 55.9 2.2 1.39 3.0
67.0 68.0 1.0 1.40 1.4
77.7 78.0 0.3 1.57 0.5
83.0 84.0 1.0 1.82 1.8
RVDD16020
6707020
264690
438
270
-60
144.9
Including
37.3 43.6 6.3 1.65 10.3 DD
54.3 55.1 0.8 2.89 2.3
72.0 79.0 7.0 1.24 8.7
82.0 83.0 1.0 1.02 1.0
110.0 111.0 1.0 3.20 3.2
114.0 114.7 0.7 1.10 0.8
126.3 127.0 0.7 1.83 1.3
135.0 138.0 3.0 5.36 16.1
135.0 136.0 1.0 14.5 14.5
RVDD16021
6707060
264660
439
269
-60
84.9
7.0 7.2 0.2 16.7 3.3 DD
13.8 14.4 0.6 5.89 3.5
24.9 28.2 3.3 1.57 5.2
36.0 43.8 7.8 1.66 13.0
48.9 52.0 3.1 1.34 4.2
61.0 65.0 4.1 0.74 3.0
RVDD16022
6707060
264680
438
269
-60
150.9
32.0 33.0 1.0 6.93 6.9 DD
74.0 75.0 1.0 6.74 6.7
86.0 87.0 1.0 1.11 1.1
97.0 98.0 1.0 3.27 3.3
105.0 106.0 1.0 1.85 1.9
132.0 133.0 1.0 6.53 6.5
RVDD16025
6707100
264680
440
-59
268
96.8
54.0 56.0 2.0 3.06 6.1 DD
66.0 67.0 1.0 1.50 1.5
76.0 79.0 3.0 3.08 9.2
RVDD16026
6707100
264700
439
-59
266
100.4
Including
17.0 18.9 1.9 2.84 5.4 DD
18.6 18.9 0.3 11.1 3.3
28.0 29.0 1.0 1.05 1.1
49.0 50.0 1.0 1.39 1.4
56.0 57.0 1.0 1.40 1.4
62.0 64.0 2.0 4.69 9.4
69.0 70.2 1.2 3.16 3.8
73.0 74.0 1.0 1.05 1.0
83.0 84.0 1.0 6.65 6.7
89.0 90.0 1.0 1.50 1.5
100.0 100.4 0.4 2.29 0.9
RVDD16027B
6707160
264600
444
90
-60
175.9
18.0 18.9 0.9 2.09 1.8 DD
21.0 22.0 1.0 10.6 10.6
30.0 31.0 1.0 1.51 1.5
51.0 53.5 2.5 0.90 2.2
59.7 60.3 0.6 1.08 0.6
95.5 96.1 0.6 12.1 7.3
126.0 128.0 2.0 1.63 3.3
147.0 148.0 1.0 1.16 1.2
152.0 153.0 1.0 1.18 1.2
159.0 160.0 1.0 1.26 1.3
RVDD16028
6707160
264632
442
90
-60
125.0
Including
24.0 28.0 4.0 3.88 15.5 DD
24.0 25.0 1.0 12.0 12.0
34.0 36.0 2.0 1.30 2.6
54.0 56.0 2.0 2.30 4.6
65.5 66.7 1.2 1.25 1.4
69.5 70.5 1.0 1.72 1.7
RVDD16042
6706789
264659
437
272
-60
248.1
152.8 153.4 0.6 1.46 0.9 DD
165.8 166.5 0.7 1.96 1.4
222.0 223.0 1.0 41.2 40.2
RVDD16043
6706830
264580
440
270
-60
125.1
4.6 5.2 0.6 1.76 1.1 DD
68.2 71.0 2.8 2.66 7.5
Hole MGA
Northing
MGA
Easting
MGA
RL
MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
RVDD16044
6706829
264599
440
270
-60
60.7
22.0 33.0 11.0 2.33 25.7 DD
Including 25.0 26.0 1.0 11.2 11.2
RVDD16045
6706830
264619
439
270
-60
89.2
2.0 11.0 9.0 2.23 20.1 DD
16.0 23.0 7.0 1.00 7.0
26.5 27.0 0.5 1.29 0.6
30.0 31.1 1.1 1.04 1.1
46.3 47.0 0.7 1.19 0.8
61.3 62.0 0.7 1.48 1.0
67.1 68.9 1.8 1.25 2.3
RVDD16046
6706829
264641
439
270
-60
122.1
18.3 19.3 1.0 1.71 1.7 DD
21.9 22.9 1.0 1.14 1.1
36.0 38.9 2.9 4.35 12.6
53.7 58.9 5.2 2.23 11.6
77.0 79.0 2.0 1.95 3.9
90.0 92.0 2.0 1.30 2.6
97.0 98.0 1.0 3.51 3.5
102.0 103.0 1.0 1.90 1.9
RVDD16047
6706829
264658
438
270
-60
146.1
27.0 30.0 3.0 2.14 6.4 DD
46.0 52.0 6.0 1.44 8.6
58.0 61.0 3.0 1.03 3.1
72.0 73.7 1.7 1.61 2.7
88.0 89.0 1.0 1.96 2.0
130.4 131.0 0.6 1.98 1.2
RVDD16050
6706960
264605
439
270
-55
151.0
72.6 73.1 0.5 3.59 1.8 DD
77.8 80.3 2.5 3.47 8.7
86.1 87.5 1.4 12.0 16.8
Including 86.1 86.4 0.3 33.3 10.0
115.0 124.0 9.0 5.45 49.0
Including 115.7 116.3 0.6 42.0 25.2
123.0 124.0 1.0 10.8 10.8
141.0 143.0 2.0 2.81 5.6
RVDD16051
6707000
264680
439
270
-60
138.7
Including
45.0 46.0 1.0 1.78 1.8 DD
55.0 58.0 3.0 1.72 5.2
61.0 63.0 2.0 1.49 3.0
85.0 86.0 1.0 1.57 1.6
91.4 92.0 0.6 5.32 3.2
95.0 96.0 1.0 1.04 1.0
98.4 99.0 0.6 1.32 0.8
108.0 109.0 1.0 1.17 1.2
114.0 115.0 1.0 1.36 1.4
119.0 122.0 3.0 5.04 15.1
121.0 122.0 1.0 11.9 11.9
RVDD16052
6707000
264700
439
265
-60
142.3
83.0 88.0 5.0 1.68 8.4 DD
103.0 104.0 1.0 1.80 1.8
116.0 117.0 1.0 1.00 1.0
RVDD16054
6707135
264535
446
269
-55
242.1
6.0 6.7 0.7 1.86 1.3 DD
42.0 42.7 0.7 2.93 2.1
59.6 60.5 0.9 1.41 1.3
96.8 97.3 0.5 11.3 5.7
156.0 157.0 1.0 5.67 5.7
160.0 161.0 1.0 1.22 1.2
240.0 241.0 1.0 1.13 1.1
RVRC16063
6706498
264523
440
270
-60
114.0
49.0 52.0 3.0 5.93 17.8 RC
Including 49.0 50.0 1.0 10.5 10.5
RVRC16065
6706535
264516
440
270
-60
60.0
43.0 46.0 3.0 2.85 8.6 RC
57.0 58.0 1.0 1.35 1.4
RVRC16078
6706657
264633
437
270
-60
120.0
50.0 51.0 1.0 1.22 1.2 RC
80.0 85.0 5.0 1.58 7.9
117.0 118.0 1.0 4.21 4.2
RVRC16097
6706850
264580
441
270
-60
78.0
28.0 29.0 1.0 1.48 1.5 RC
53.0 58.0 5.0 1.50 7.5
63.0 64.0 1.0 1.10 1.1
RVRC16098
6706850
264597
441
270
-60
78.0
NSI RC
RVRC16100
6706849
264641
440
270
-60
114.0
26.0 28.0 2.0 1.75 3.5 RC
34.0 38.0 4.0 2.38 9.5
42.0 46.0 4.0 1.83 7.3
50.0 52.0 2.0 1.37 2.7
92.0 94.0 2.0 3.73 7.5
RVRC16101
6706850
264661
439
270
-60
126.0
56.0 58.0 2.0 1.73 3.5 RC
90.0 92.0 2.0 1.26 2.5
95.0 96.0 1.0 6.93 6.9
Hole MGA
Northing
MGA
Easting
MGA
RL
MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
112.0 113.0 1.0 1.52 1.5
RVRC16104
6706880
264470
439
270
-60
78.0
Including
49.0 52.0 3.0 6.47 19.4 RC
49.0 50.0 1.0 15.4 15.4
RVRC16106
6706900
264605
441
270
-60
42.0
28.0 31.0 3.0 2.99 9.0 RC
RVRC16107
6706900
264620
441
270
-60
66.0
45.0 46.0 1.0 1.16 1.2 RC
RVRC16110
6706940
264629
440
270
-55
72.0
5.0 6.0 1.0 1.26 1.3 RC
21.0 24.0 3.0 1.98 5.9
46.0 47.0 1.0 3.99 4.0
RVRC16151
6706880
264599
441
270
-60
66.0
0.0 2.0 2.0 1.49 3.0 RC
61.0 62.0 1.0 1.04 1.0
RVRC16152
6706880
264620
441
270
-60
87.0
49.0 55.0 6.0 1.92 11.5 RC

No upper cut applied, Significant intersections greater than 1g/t, 2m maximum internal waste, Current drilling - 50g Fire assay with AAS finish, Coordinates in MGA94 zone 51

Appendix 2: Significant Intersections Table, This Release –EGS Drilling Greater than 0.5 g/t, maximum 2 m internal dilution unless otherwise specified

Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
RVCD16231
6706795
264569
439
270
-60
275.2
38.0 39.0 1.0 0.57 0.6 RCDD
60.0 66.0 6.0 0.82 4.9
85.0 87.0 2.0 1.07 2.1
127.0 129.0 2.0 9.78 19.6
182.0 183.0 1.0 1.21 1.2
187.0 188.0 1.0 0.73 0.7
213.0 221.0 8.0 2.06 16.5
227.0 231.0 4.0 0.93 3.7
RVDD16001
6706513
264575
439
250
-60
239.1
24.1 24.7 0.6 3.67 2.2 DDH
29.6 31.8 2.2 0.55 1.2
37.0 38.0 1.0 0.98 1.0
49.0 50.0 1.0 1.21 1.2
55.3 58.4 3.1 1.48 4.6
65.3 70.0 4.7 0.79 3.7
75.3 76.0 0.7 0.77 0.5
168.0 169.0 1.0 56.4 56.4
173.0 174.0 1.0 0.77 0.8
192.7 197.2 4.5 3.02 13.6
RVDD16002
6706513
264575
439
263
-60
230.1
3.4 3.7 0.3 0.66 0.2 DDH
14.0 15.0 1.0 0.94 0.9
27.1 31.0 3.9 0.40 1.6
46.0 47.1 1.1 0.60 0.7
50.0 53.0 3.0 2.43 7.3
72.3 73.0 0.8 0.60 0.5
110.0 113.7 3.7 1.55 5.7
162.0 167.0 5.0 3.77 18.9
RVDD16003
6706589
264525
440
270
-60
161.1
88.3 89.0 0.7 0.75 0.5 DDH
158.0 160.0 2.0 1.43 2.9
RVDD16005
6706700
264540
440
270
-60
155.1
0.9 2.2 1.3 0.62 0.8 DDH
13.0 15.0 2.0 0.57 1.1
33.0 35.0 2.0 0.76 1.5
83.0 84.0 1.0 0.63 0.6
109.0 110.0 1.0 0.54 0.5
114.0 116.0 2.0 1.44 2.9
RVDD16006
6706700
264625
437
268
-60
113.1
44.0 45.0 1.0 0.52 0.5 DDH
56.0 57.0 1.0 2.61 2.6
74.0 78.0 4.0 0.87 3.5
81.0 85.0 4.0 0.58 2.3
88.0 89.0 1.0 1.35 1.3
94.0 95.0 1.0 0.60 0.6
RVDD16007
6706740
264575
439
268
-60
131.1
21.0 22.0 1.0 1.25 1.3 DDH
45.0 46.0 1.0 0.76 0.8
66.0 67.0 1.0 0.57 0.6
78.0 84.0 6.0 3.06 18.4
89.0 91.0 2.0 1.33 2.7
94.0 95.0 1.0 0.70 0.7
RVDD16010
6706770
264585
439
270
-60
161.0
15.0 18.0 3.0 0.46 1.4 DDH
24.2 31.3 7.1 0.89 6.4
56.0 57.0 1.0 3.15 3.1
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
69.0 71.8 2.8 2.18 6.1
79.0 80.0 1.0 1.56 1.6
108.0 108.7 0.7 1.96 1.4
111.7 112.4 0.7 0.78 0.5
RVDD16011
6706811
264597
439
270
-60
75.7
9.0 10.0 1.0 0.56 0.6 DDH
14.0 15.0 1.0 1.35 1.3
22.0 31.0 9.0 0.92 8.3
37.0 40.0 3.0 1.42 4.2
62.0 64.0 2.0 0.78 1.6
RVDD16012
6706808
264644
437
267
-60
137.0
13.0 18.0 5.0 0.64 3.2 DDH
50.0 53.0 3.0 0.74 2.2
57.0 62.0 5.0 0.59 3.0
89.0 90.0 1.0 1.37 1.4
102.0 103.0 1.0 0.94 0.9
RVDD16013
6706860
264540
441
275
-60
116.1
24.8 25.3 0.5 0.59 0.3 DDH
49.0 52.0 3.0 4.71 14.1
72.0 77.0 5.0 0.49 2.5
93.0 93.7 0.7 0.78 0.5
102.0 104.0 2.0 2.16 4.3
107.0 108.0 1.0 2.24 2.2
RVDD16014
6706900
264640
441
270
-60
88.5
4.1 9.7 5.6 0.78 4.3 DDH
12.7 14.2 1.5 1.52 2.3
18.0 20.4 2.4 0.74 1.8
29.7 30.7 1.0 0.65 0.7
34.8 41.0 6.2 0.76 4.7
48.0 49.0 1.0 0.70 0.7
52.0 53.0 1.0 1.63 1.6
57.0 58.0 1.0 0.51 0.5
74.0 75.0 1.0 1.08 1.1
82.0 83.0 1.0 0.71 0.7
RVDD16015
6706900
264660
440
270
-60
124.1
8.6 9.7 1.1 1.92 2.1 DDH
12.3 19.8 7.5 0.48 3.5
52.1 57.7 5.6 3.16 17.7
81.2 83.0 1.9 1.32 2.4
86.2 89.0 2.8 0.80 2.2
97.6 97.8 0.3 0.81 0.2
101.8 104.1 2.3 0.54 1.3
RVDD16018
6707000
264540
441
270
-55
107.0
17.0 19.5 2.5 0.70 1.7 DDH
27.0 33.0 6.0 1.01 6.0
42.8 43.4 0.7 1.02 0.7
64.2 75.4 11.2 22.4 250.5
79.9 80.7 0.8 9.76 7.8
90.0 92.0 2.0 0.73 1.5
RVDD16019
6707020
264670
438
269
-60
97.5
21.1 21.6 0.5 0.52 0.3 DDH
36.0 43.6 7.6 0.74 5.6
46.6 48.0 1.4 1.23 1.7
53.7 55.9 2.2 1.39 3.0
63.0 64.0 1.0 0.75 0.8
67.0 68.0 1.0 1.40 1.4
77.7 79.0 1.3 1.02 1.3
82.0 84.0 2.0 1.38 2.8
88.0 89.0 1.0 0.61 0.6
RVDD16020
6707020
264690
438
270
-60
144.9
36.5 43.6 7.1 1.52 10.7 DDH
54.3 55.1 0.8 2.89 2.3
72.0 79.0 7.0 1.24 8.7
82.0 83.0 1.0 1.02 1.0
110.0 111.0 1.0 3.20 3.2
114.0 114.7 0.7 1.10 0.8
117.0 118.0 1.0 0.59 0.6
123.2 127.0 3.8 0.76 2.9
133.0 138.0 5.0 3.52 17.6
RVDD16021
6707060
264660
439
269
-60
84.9
7.0 7.2 0.2 16.7 3.3 DDH
11.3 14.4 3.1 1.50 4.7
21.9 31.0 9.1 0.92 8.3
36.0 53.0 17.0 1.20 20.4
53.4 65.0 11.6 0.30 3.5
61.0 65.0 4.1 0.74 3.0
77.0 79.0 2.0 0.69 1.4
RVDD16022
6707060
264680
438
269
-60
150.9
13.0 14.0 1.0 0.51 0.5 DDH
26.0 27.0 1.0 0.86 0.9
30.0 38.0 8.0 1.29 10.3
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
62.0 63.0 1.0 0.81 0.8
74.0 77.0 3.0 2.74 8.2
84.0 90.0 6.0 0.73 4.4
97.0 98.0 1.0 3.27 3.3
103.0 106.0 3.0 0.90 2.7
132.0 133.0 1.0 6.53 6.5
RVDD16025
6707100
264680
440
-59
268
96.8
0.0 0.8 0.8 0.66 0.5 DDH
46.0 48.0 2.0 0.56 1.1
54.0 59.0 5.0 1.64 8.2
66.0 68.0 2.0 1.19 2.4
76.0 79.0 3.0 3.08 9.2
87.3 89.0 1.7 0.60 1.0
RVDD16026
6707100
264700
439
-59
266
100.4
10.4 10.6 0.2 0.71 0.2 DDH
17.0 20.0 3.0 2.08 6.2
28.0 30.0 2.0 0.85 1.7
40.0 43.0 3.0 0.53 1.6
49.0 53.0 4.0 0.53 2.1
56.0 58.0 2.0 0.96 1.9
62.0 64.6 2.6 3.73 9.7
69.0 70.2 1.2 3.16 3.8
73.0 74.0 1.0 1.05 1.0
83.0 84.0 1.0 6.65 6.7
89.0 90.0 1.0 1.50 1.5
100.0 100.4 0.4 2.29 0.9
RVDD16027B
6707160
264600
444
90
-60
175.9
8.2 9.0 0.8 0.95 0.8 DDH
16.0 23.0 7.0 2.23 15.6
30.0 31.0 1.0 1.51 1.5
51.0 60.3 9.3 0.54 5.0
63.0 64.0 1.0 0.55 0.6
95.5 96.1 0.6 12.1 7.3
126.0 128.0 2.0 1.63 3.3
138.0 144.0 6.0 0.52 3.1
147.0 149.1 2.1 0.88 1.8
152.0 153.0 1.0 1.18 1.2
157.0 160.0 3.0 0.98 2.9
174.0 174.5 0.5 0.54 0.3
RVDD16028
6707160
264632
442
90
-60
125.0
24.0 29.0 5.0 3.26 16.3 DDH
34.0 39.2 5.2 0.84 4.4
48.0 49.6 1.6 0.54 0.9
52.5 57.5 5.0 1.17 5.9
65.0 66.7 1.7 1.05 1.7
69.5 72.5 3.0 1.00 3.0
76.0 79.9 3.9 0.73 2.9
RVDD16042
6706789
264659
437
272
-60
248.1
62.4 64.0 1.6 1.87 3.1
72.0 85.0 13.0 1.39 18.0
113.0 114.0 1.0 1.00 1.0
123.0 124.0 1.0 0.54 0.5
152.8 153.4 0.6 1.46 0.9
163.7 169.0 5.3 0.84 4.4
173.1 174.0 0.9 0.51 0.5
222.0 223.0 1.0 41.2 40.2
226.9 227.4 0.5 0.66 0.3
RVDD16043
6706830
264580
440
270
-60
125.1
2.0 2.2 0.2 0.84 0.2 DDH
4.6 7.2 2.6 0.62 1.6
56.5 58.7 2.2 0.50 1.1
68.2 75.0 6.8 1.42 9.7
RVDD16044
6706829
264599
440
270
-60
60.7
19.0 33.0 14.0 1.92 26.9 DDH
RVDD16045
6706830
264619
439
270
-60
89.2
1.0 27.0 26.0 1.30 33.9 DDH
30.0 31.1 1.1 1.04 1.1
46.3 47.0 0.7 1.19 0.8
55.0 56.0 1.0 0.57 0.6
60.8 68.9 8.1 0.78 6.3
RVDD16046
6706829
264641
439
270
-60
122.1
7.0 8.0 1.0 0.51 0.5 DDH
17.7 22.9 5.2 0.99 5.1
32.0 33.7 1.7 0.58 1.0
36.0 38.9 2.9 4.35 12.6
45.5 46.0 0.5 0.95 0.5
49.0 51.0 2.0 0.56 1.1
53.7 59.9 6.2 1.99 12.3
77.0 79.0 2.0 1.95 3.9
82.5 83.5 1.0 0.73 0.7
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
89.0 92.0 3.0 1.04 3.1
97.0 108.0 11.0 0.90 9.9
RVDD16047
6706829
264658
438
270
-60
146.1
27.0 31.0 4.0 1.74 6.9 DDH
38.0 41.0 3.0 0.61 1.8
46.0 53.0 7.0 1.35 9.4
56.0 61.0 5.0 0.87 4.4
68.4 73.7 5.3 0.82 4.4
88.0 89.0 1.0 1.96 2.0
122.0 123.0 1.0 0.91 0.9
128.0 131.0 3.0 0.73 2.2
RVDD16050
6706960
264605
439
270
-55
151.0
72.6 73.1 0.5 3.59 1.8 DDH
77.8 81.2 3.4 2.64 9.0
83.7 88.8 5.2 3.61 18.6
91.1 92.1 1.0 0.94 0.9
97.0 98.0 1.0 0.60 0.6
115.0 124.0 9.0 5.45 49.0
141.0 143.0 2.0 2.81 5.6
RVDD16051
6707000
264680
439
270
-60
138.7
32.0 33.0 1.0 0.55 0.6 DDH
45.0 46.0 1.0 1.78 1.8
49.0 49.5 0.5 0.64 0.3
54.3 58.0 3.7 1.53 5.7
61.0 65.8 4.8 0.86 4.1
69.0 71.0 2.0 0.56 1.1
82.0 86.7 4.7 0.76 3.6
91.4 92.0 0.6 5.32 3.2
95.0 99.0 4.0 0.59 2.4
108.0 109.0 1.0 1.17 1.2
113.0 115.9 2.9 0.83 2.4
119.0 122.0 3.0 5.04 15.1
RVDD16052
6707000
264700
439
265
-60
142.3
26.0 27.0 1.0 0.72 0.7 DDH
83.0 93.0 10.0 1.01 10.1
100.0 106.0 6.0 0.80 4.8
116.0 119.0 3.0 0.59 1.8
RVDD16054
6707135
264535
446
269
-55
242.1
6.0 6.7 0.7 1.86 1.3 DDH
13.0 13.5 0.5 0.52 0.3
42.0 42.7 0.7 2.93 2.1
59.6 61.3 1.7 1.00 1.7
63.6 64.3 0.7 0.74 0.5
96.8 97.3 0.5 11.3 5.7
156.0 157.0 1.0 5.67 5.7
160.0 161.0 1.0 1.22 1.2
240.0 241.0 1.0 1.13 1.1
RVRC16063
6706498
264523
440
270
-60
114.0
49.0 52.0 3.0 5.93 17.8 RC
103.0 105.0 2.0 0.67 1.3
RVRC16065
6706535
264516
440
270
-60
60.0
43.0 46.0 3.0 2.85 8.6 RC
57.0 58.0 1.0 1.35 1.4
RVRC16078
6706657
264633
437
270
-60
120.0
19.0 21.0 2.0 0.56 1.1 RC
50.0 51.0 1.0 1.22 1.2
68.0 69.0 1.0 0.77 0.8
80.0 85.0 5.0 1.58 7.9
93.0 95.0 2.0 0.76 1.5
117.0 119.0 2.0 2.43 4.9
RVRC16097
6706850
264580
441
270
-60
78.0
28.0 30.0 2.0 1.02 2.0 RC
50.0 58.0 8.0 1.16 9.3
63.0 64.0 1.0 1.10 1.1
RVRC16098
6706850
264597
441
270
-60
78.0
74.0 78.0 4.0 0.61 2.4 RC
RVRC16100
6706849
264641
440
270
-60
114.0
12.0 14.0 2.0 0.64 1.3 RC
19.0 23.0 4.0 0.61 2.4
26.0 28.0 2.0 1.75 3.5
34.0 53.0 19.0 1.31 24.9
62.0 63.0 1.0 0.52 0.5
74.0 75.0 1.0 0.64 0.6
91.0 94.0 3.0 2.70 8.1
RVRC16101
6706850
264661
439
270
-60
126.0
23.0 27.0 4.0 0.34 1.4 RC
44.0 45.0 1.0 0.72 0.7
52.0 53.0 1.0 0.53 0.5
56.0 59.0 3.0 1.41 4.2
73.0 74.0 1.0 0.90 0.9
81.0 83.0 2.0 0.61 1.2
90.0 96.0 6.0 1.77 10.6
106.0 113.0 7.0 0.51 3.5
Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Drill
**Type **
117.0 118.0 1.0 0.77 0.8
RVRC16104
6706880
264470
439
270
-60
78.0
48.0 54.0 6.0 3.52 21.1 RC
59.0 60.0 1.0 0.76 0.8
64.0 66.0 2.0 0.93 1.9
RVRC16106
6706900
264605
441
270
-60
42.0
28.0 31.0 3.0 2.99 9.0 RC
41.0 42.0 1.0 0.51 0.5
RVRC16107
6706900
264620
441
270
-60
66.0
4.0 5.0 1.0 0.58 0.6 RC
44.0 47.0 3.0 0.90 2.7
53.0 54.0 1.0 0.81 0.8
RVRC16110
6706940
264629
440
270
-55
72.0
1.0 2.0 1.0 0.83 0.8 RC
5.0 7.0 2.0 0.95 1.9
21.0 24.0 3.0 1.98 5.9
29.0 31.0 2.0 0.67 1.3
37.0 38.0 1.0 0.79 0.8
46.0 48.0 2.0 2.39 4.8
RVRC16151
6706880
264599
441
270
-60
66.0
0.0 2.0 2.0 1.49 3.0 RC
61.0 62.0 1.0 1.04 1.0
RVRC16152
6706880
264620
441
270
-60
87.0
6.0 8.0 2.0 0.53 1.1 RC
49.0 55.0 6.0 1.92 11.5
69.0 70.0 1.0 0.56 0.6

No upper cut applied, Significant intersections greater than 0.5g/t, 2m maximum internal waste unless specified, Current drilling - 50g Fire assay with AAS finish, Coordinates in MGA94 zone 51

Appendix 3: Significant Intersections Table –Historical Drilling

Hole MGA
Northing
MGA
Easting
MGA RL MGA
Azimuth
Dip Max
Depth
From To Interval
(m)
Grade
(g/t)
g/m Lower
Cut (g/t)
Company Drill Type
BAJ008
6709959
264495
452
271
-56
110.0
53.0 56.0 3.0 10.2 30.6 0.8 BARRA
RC
BAJ012
6710059
264495
451
270
-54
88.0
51.0 53.0 2.0 1.49 3.0 0.8 BARRA
RC
62.0 67.0 5.0 2.29 11.5 0.8
BAX005
6709313
264757
438
88
-60
108.0
22.0 27.0 5.0 0.82 4.1 0.8 BARMINCO
RC
75.0 76.0 1.0 1.71 1.7 0.8
BAX007
6709341
265125
433
272
-59
110.0
91.0 92.0 1.0 4.45 4.5 0.8 BARRA
RC
BFO181
6707603
264754
438
270
-60
42.0
35.0 37.0 2.0 22.3 44.6 0.8 BARRA
RAB
BFORC005
6706611
265602
426
270
-59
214.0
109.0 114.0 5.0 12.0 60.1 0.8 BARRA
RC
BFORC008
6706510
265551
426
269
-60
142.0
55.0 65.0 10.0 2.09 20.9 0.8 BARRA
RC
BMJV005
6705617
264645
439
274
-57
100.0
38.0 42.0 4.0 2.90 11.6 0.8 BARRA
RC
55.0 60.0 5.0 5.21 26.1 0.8
BST002
6707266
265697
428
272
-59
124.0
112.0 116.0 4.0 18.5 74.2 0.8 BARRA
RC
FHRC013
6706635
265565
426
269
-58
119.0
76.0 91.0 15.0 3.50 52.5 0.8 MONARCH
RC
GFLRC014
6707606
264704
439
93
-60
119.0
55.0 62.0 7.0 3.51 24.6 0.8 RIVERINA
RC
GFORC005
6706563
265590
426
272
-62
170.0
136.0 146.0 10.0 3.57 35.7 0.8 RIVERINA
RC
GNRC001
6708407
264312
443
271
-62
186.0
36.0 40.0 4.0 1.14 4.6 0.8 RIVERINA
RC
GNRC025
6709309
264608
445
273
-63
177.0
11.0 12.0 1.0 2.30 2.3 0.8 RIVERINA
RC
GRST019
6707233
265697
428
274
-63
132.0
124.0 128.0 4.0 20.1 80.2 0.8 RIVERINA
RC
GRST025
6707233
265688
428
269
-57
111.0
69.0 78.0 9.0 6.13 55.2 0.8 RIVERINA
RC
GSRC034_RIVER
6706459
265525
426
270
-60
80.0
19.0 28.0 9.0 2.96 26.6 0.8 RIVERINA
RC
RD029
6706972
264305
444
75
-60
291.0
219.0 221.0 2.0 17.9 35.8 1.0 GREATER PACIFIC
DD
RMRC029
6707000
264576
440
273
-60
119.0
58.0 66.0 8.0 3.67 29.3 0.5 MONARCH
RC
93.0 97.0 4.0 4.37 17.5 0.5
106.0 108.0 2.0 11.4 22.7 1.0
RMRC030
6707005
264658
439
272
-59
59.0
14.0 24.0 14.0 0.94 13.1 0.5 MONARCH
RC
51.0 53.0 2.0 3.75 7.5 1.0
RMRC097
6706999
264440
441
270
-60
80.0
69.0 71.0 2.0 2.74 5.5 0.5 MONARCH
RC
RMRC160
6707001
264631
439
270
-60
61.0
36.0 51.0 15.0 1.12 16.7 0.5 MONARCH
RC
RMRC163
6706968
264864
437
270
-60
60.0
38.0 49.0 11.0 2.03 22.3 0.8 MONARCH
RC
RRC2
6705543
264590
442
90
-60
40.0
12.0 30.0 18.0 2.38 42.8 0.8 MALANTI P/L
RC
RV045
6706034
264564
444
93
-60
57.0
46.0 47.0 1.0 1.98 2.0 0.8 RIVERINA
RC
RVRC001
6709507
265080
478
270
-60
100.0
38.0 39.0 1.0 2.42 2.4 0.8 EGS
RC

No upper cut applied, 2m maximum internal waste unless specified, Coordinates in MGA94 zone 51

JORC CODE, 2012 EDITION – TABLE 1 REPORT TEMPLATE

Section 1 Sampling Techniques and Data

Information for historical (Pre Eastern Goldfields Limited drilling and sampling has been extensively viewed and validated where possible. Information pertaining to historical QAQC procedures and data is incomplete but of a sufficient quality and detail to allow drilling and assay data to be used for resource estimations. Further, Eastern Goldfields Limited has undertaken extensive infill and confirmation drilling which confirm historical drill results. Sections 1 and 2 describe the work undertaken by Eastern Goldfields Limited and only refer to historical information where appropriate and/or available.

Criteria JORC Code explanation Commentary
Sampling
techniques

Nature and quality of sampling (eg cut channels,
random chips, or specific specialised industry
standard measurement tools appropriate to the
minerals under investigation, such as down hole
gamma sondes, or handheld XRF instruments, etc).
These examples should not be taken as limiting the
broad meaning of sampling.

Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used.

Aspects of the determination of mineralisation that
are Material to the Public Report.

In cases where ‘industry standard’ work has been
done this would be relatively simple (eg ‘reverse
circulation drilling was used to obtain 1 m samples
from which 3 kg was pulverised to produce a 30 g
charge for fire assay’). In other cases more
explanation may be required, such as where there is
coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (eg
submarine nodules) may warrant disclosure of
detailed information.

Croesus Mining N.L; All samples were dried, crushed and split to obtain a sample less than 3.5kg, and finely pulverised prior to a 50gm
charge being collected for analysis by fire assay.

Monarch Gold Mining Company Ltd; Industry standard work. RC samples collected and sent to certified laboratories for crushing,
pulverising and assay by fire assay (RC) and aqua regia (RAB).

Pancontinental Mining Ltd; Samples (>2kg) were crushed to 1mm, 1kg split taken and pulverised to 90% minus 20 mesh from which a
50gm aliquot was taken for assay by aqua regia or fire assay.

Consolidated Gold N.L/DPPL(Davyhurst Project PTY. LTD.); Industry standard work, RAB samples crushed, pulverised and a 50g charge
taken for fire assay. 200gm soil samples oven dried, and pulverised, 50g charge taken for aqua regia assay.

Riverina Resources Pty Ltd; Industry standard work. RAB samples taken every metre, composited to 4m using a spear. Samples crushed,
pulverised and 50g charge taken for fire assay. RC four metre composite samples were collected using a sample spear. RC and diamond
samples crushed, pulverised and 50g charge taken for fire assay and/or 4 acid digest. Any gold anomalous 4m composite samples were
re-sampled over 1m intervals using a riffle splitter and also sent to Kalgoorlie Assay Laboratory for gold analysis by 50g fire assay.

Barra Resources Ltd; Industry standard work. The entirety of each hole was sampled. Each RC and RAB hole was initially sampled by 4m
composites using a spear or scoop. To obtain a representative sample, the entire 1m sample was split using a riffle splitter into a calico
bag. Whole diamond core samples for ore zones were sampled. Entire samples were pulverised before splitting and a 50g charge taken
for fire assay.

Carpentaria Exploration Company Pty Ltd; Samples were collected over 1m intervals. 1m, 2m and 4m composite samples taken
depending on the rock type. Composite samples were collected using a sample spear. About 2kg samples were despatched for analysis.
Samples crushed, pulverised and a 50g charge taken for fire assay.

Malanti Pty Ltd; Industry standard work. 1m samples were collected via a cyclone and passed through a triple splitter giving a 12.5%
split of about 2kg. A trowel was used to scoop the samples for composites over 4m and 6m intervals. Samples for assay were then
taken with composite intervals based on geology. Many of the single splits were selected for assay in the first instance. Samples packed
in poly weave bags were freighted for analysis. Sample crushed, pulverised and a 50g charge taken for fire assay.

Riverina Gold Mines NL; Industry standard work, Composited RAB and 1m RC samples assayed by laboratory. Samples crushed,
pulverised and a 50g charge taken for aqua regia analysis.

Riverina Gold NL; RAB samples were bulked at 2m intervals. RC holes were sampled at 1m intervals. Diamond core samples were taken
at geological boundaries, sample method unknown. All samples crushed, pulverised and a charge taken for fire assay (Au) and perchloric
acid digest/AAS for other elements.

Eastern Goldfields Limited (EGL) - 1m RC samples using face sampling hammer with samples collected under cone splitter. 1m samples
were dispatched for pulverising and 50g charge Fire Assay. Half core samples, cut by core saw. Core sample intervals selected by
geologist and defined by geological boundaries. Samples are crushed, pulverized and a 40g charge is analysed by Fire Assay

All rockchip data are from historical data on file with the WA DMP. Rockchip samples for the three previously worked lodes at Riverina
(Main, Murchison and Reggie) and Riverina South are from Aztec Exploration Ltd.’s 1984 Annual Report. Samples were collected from
historical artisan shafts which follow the line of the particular lodes. Recent surface examinations indicate that all samples were fully
oxidised prior to sample collection. Analyses for gold were performed by Analabs, Perth using an aqua regia digestion and an AAS
Criteria JORC Code explanation Commentary
measurement with a detection limit of 0.008 g/t. These data were reported in A14783. Information about sample location is from maps
contained in that report.

Rockchip data from the extensions of lodes north of the Riverina were reported by Barra Resources Ltd. in 2002 Annual Technical report
A64880. Samples were collected from “shallow diggings and mullock dumps surrounding old mine shafts.… All samples collected were
composed of quartz veining preferentially selected….” Samples were analysed by fire assay with an AAS finish at Kalgoorlie Assay
Laboratory in Kalgoorlie. The detection was to 0.01 g/t. Coordinates for those samples were provided in that report.
Drilling
techniques

Drill type (eg core, reverse circulation, open-hole
hammer, rotary 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).

Croesus Mining N.L; Auger samples were drilled by Prodrill Pty Ltd using Toyota mounted auger rig. RAB holes were drilled by either
Kennedy, or Arrinooka or Challenge Drilling of Kalgoorlie. Challenge drilling employed a custom built RAB/AC rig. RC holes were drilled
by Ausdrill Pty Ltd and diamond holes were drilled by Sandersons. Core was oriented.

Monarch Gold Mining Company Ltd; Aircore and RAB holes were drilled by Challenge Drilling. All RC holes were drilled by Kennedy
Drilling Contractors with 51/2” hammer.

Pancontinental Mining Ltd; Drilling was undertaken by Davies Drillling of Kalgoorlie using a Schramn T64 rig.

Consolidated Gold N.L/DPPL; Auger samples were collected using a power auger fitted to a 4WD vehicle. RAB drilling was undertaken
by Bostech Drilling Pty Ltd.

Riverina Resources Pty Ltd; RC holes drilled with 51/4” hammer. Unknown diamond core diameter.

Barra Resources Ltd; Holes were drilled by Resource Drilling Pty Ltd using a Schramm 450 drill rig.

Carpentaria Exploration Company Pty Ltd; RC drilling by Robinson contractors. Face sampling hammer used.

Malanti Pty Ltd; Holes were drilled by Redmond Drilling of Kalgoorlie using a truck mounted Schramm rig with a compressor rated at
900 cfm 350 psi.

Riverina Gold Mines NL; Vacuum holes were drilled by G & B Drilling using a Toyota Landcruiser mounted Edsom vacuum rig fitted with
a 2 inch (5.08cm) diameter blade. RAB holes were drilled by PJ and RM Kennedy using a Hydro RAB 50 drill rig mounted on a 4 wheel
Hino truck with 600 cfm/200 PSI air capacity. A 5 1/4 inch hammer and blade were used. RC holes were drilled by either Civil Resources
Ltd using an Ingersoll Rand T4W heavy duty percussion rig fitted with a 900 cfm at 350 PSI air compressor and a 51/4 inch (13,34cm
diameter) RC hollow hammer or by Swick Drilling using an Ingersoll Rand TH 60 reverse circulation drill rig with 750 cfm/350 PSI air
capacity and a 51/4 inch RC hollow hammer or by B. Stockwell of Murray Black’s Spec Mining Services using a rig mounted on an 8 x 4
Mercedes.

Riverina Gold NL; RC hole were drilled by Green Drilling using Schramm T66 rig. Diamond holes were drilled by Longyear. Diamond
holes were sometimes drilled with a RC pre-collar, HQ core and a NQ2 core drilled.

EGL - 5¼ to 5½ inch diameter RC holes using face sampling hammer with samples collected under cone splitter. HQ3 coring to
competent rock (average 50m), then NQ2 to BOH. All core oriented by reflex instrument.
Drill
sample
recovery

Method of recording and assessing core and chip
sample recoveries and results assessed.

Measures taken to maximise sample recovery and
ensure representative nature of the samples.

Whether a relationship exists between sample
recovery and grade and whether sample bias may
have occurred due to preferential loss/gain of
fine/coarse material.

Auger, RAB and RC drill recoveries were not recorded by Croesus Mining N.L, Monarch Gold Mining Company Ltd, Pancontinental
Mining Ltd, Consolidated Gold N.L/DPPL, Riverina Resources Pty Ltd, Barra Resources Ltd, Carpentaria Exploration Company Pty Ltd,
Malanti Pty Ltd, Riverina Gold Mines NL or Riverina Gold Mines NL. However Monarch, in a Riverina resource report state that “Good
recoveries for RMRC series RC drilling were observed. Minor water was encountered in 27 of the RMRC series drill holes”

Diamond Core recoveries are very high due to the competent ground. Any core recovery issues are noted on core blocks and logged.

EGL - Diamond drill recoveries are recorded as a percentage calculated from measured core against downhole drilled intervals (core
blocks).

There is no known relationship between sample recovery and grade.
Logging
Whether core and chip samples have been
geologically and geotechnically logged to a level of
detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical studies.

Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc) photography.

The total length and percentage of the relevant
intersections logged.

Croesus Mining N.L; RAB drill logs were recorded both on paper and later electronically by a Casiopia datalogger. Diamond core was
geologically, geotechnically and magnetic susceptibility logged. Qualitative: alteration, colour, contact, grainsize, joint, matrix, texture,
rocktype, mineral, structure, sulphide, percent sulphide, vein type, percent vein, weathering. Quantitative; percent sulphide, percent
vein. Diamond core was photographed.

Monarch Gold Mining Company Ltd; Qualitative: lithology, mineralisation code, alteration, vein code, sulphide code. Quantitative;
percent mineralisation, alteration intensity, percent vein, percent sulphide.

Pancontinental Mining Ltd; All drill data was recorded on computer forms and the lithological descriptions were produced by Control
Data’ Bordataprogram. Qualitative: colour,weathering,minerals, grainsize,rock,structure,alteration. Quantitative: alteration
Criteria JORC Code explanation Commentary
intensity.

Consolidated Gold N.L/DPPL; Holes were logged at 1m intervals using a standard logging sheet directly onto a palmtop logger.
Qualitative: colour, weathering, minerals, grainsize, rock, structure, alteration. Quantitative: alteration intensity.

Riverina Resources Pty Ltd; Qualitative: lithology, minerals, oxidation, colour, grain, texture, texture intensity, alteration, sulphide,
comments. Quantitative: alteration intensity, percent sulphide, percent quartz veins.

Barra Resources Ltd; Each meter from all RC drill holes was washed, sieved and collected in chip trays and stored at the Barminco First
Hit Mine office. These rock chips were geologically logged using the Barminco Pty Ltd geological logging codes. This data was manually
recorded on logging sheets or captured digitally using a HP Jornada hand held computer utilising the Micromine Field Marshall program
and entered into a digital database at the Barminco First Hit Mine office. Each diamond drill holes was recovered according to the
driller’s core blocks and metre marked. The core was logged to the centimetre, and samples were marked up accordingly. The core was
geologically logged using the Barminco Pty Ltd geological logging codes. This data was manually recorded on logging sheets in the field
and entered into a digital database at the Barminco First Hit Mine office. Qualitative: qualifier, lithology, mineralisation, alteration,
grain size, texture, colour, oxidation. Quantitative; percentage of quartz and sulphide. Core was photographed.

Carpentaria Exploration Company Pty Ltd; Qualitative: description. Quantitative; percent oxidation, percent quartz, percent pyrite.

Malanti Pty Ltd; Qualitative: description. Quantitative; percent quartz. Logged on a metre basis.

Riverina Gold Mines NL; Qualitative for Vacuum holes: colour, grain size, alteration minerals, rock type, structure, vein type, sulphides,
oxidation and comments. Quantitative for Vacuum holes; percent veins, percent sulphides. Qualitative for RAB holes and RC holes
from RV110 to RV295: colour, grain size, alteration minerals, rock type, fabric, vein type, sulphides, oxidation and comments.
Quantitative RAB holes and RC holes from RV110 to RV295; percent veins, percent sulphides. Qualitative for RC holes from RV296 to
RV350: geology, oxidation, colour and description. Quantitative for RC holes from RV296 to RV350; percent quartz.

Riverina Gold NL; Qualitative: RQD, lithology, mineralisation, alteration, weathering, veining, fracturing. Quantitative: percent quartz.

EGL - Qualitative: Lithology, colour, oxidation, grainsize, texture, structure, hardness, regolith. Quantitative: estimates are made of
quartz veining, sulphide and alteration percentages. Core photographed.

All holes were geologically logged in their entirety to a level of detail to support mineral resource estimation.
Sub-
sampling
techniques
and sample
preparation

If core, whether cut or sawn and whether quarter,
half or all core taken.

If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry.

For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.

Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.

Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain
size of the material being sampled.

Croesus Mining N.L; Auger samples were taken from an average depth of 1.5m to 2m. RAB and Aircore samples were collected in
buckets below a free standing cyclone and laid out at 1m intervals in rows of tens adjacent to the drill collar. Composite analytical
samples (~3.5kg) were initially collected over 5m intervals for each hole and a 1m bottom of hole analytical sample. Analytical
composite samples were formed by taking a representative scoop through each 1m drill sample. RC drill samples were collected in large
plastic retention bags below a freestanding cyclone at 1m intervals, with analytical samples initially formed by composite sampling over
5m intervals. Where samples were dry, analytical composites were formed by spear sampling, using a 50mm diameter plastic pipe
pushed through the drill cuttings in the sample retention bag to the base of the bag. The pipe is removed carefully with the contents of
the pipe containing a representation of the retained metre. Wet RC drill samples where thoroughly mixed in the sample retention bag
and ‘scoop’ sampled to form a 5m composite sample. HQ diamond core was cut into halves and sampled on geological boundaries, to a
minimum of 20cm samples or on a metre basis on site. The diamond core was cut using a diamond saw, with half core being submitted
to the laboratory for analysis and the other stored. Field samples were taken for RAB, RC and diamond core samples at a rate of 1 in 20.
Composite analytical samples returning values greater than 0.1 g/t Au were re-sampled at 1m intervals.

Monarch Gold Mining Company Ltd; Drill hole samples were collected at 4m and 3m composite intervals. All samples at ALS Kalgoorlie
were sorted, dried, split via a riffle splitter using the standard splitting procedure laboratory Method Code SPL-21, pulverised in a ring
mill using a standard low chrome steel ring set to >85% passing 75 micron. If sample was >3 kg it was split prior to pulverising and the
remainder retained or discarded. A 250g representative split sample was taken, the remaining residue sample stored and a 50gm
sample charge was taken for analysis. All samples at Ultra Trace Pty Ltd were sorted, dried, a 2.5 – 3kg sample was pulverized using a
vibrating disc, was split into a 200-300g subsample and the residue sample stored. A 40grm charge was taken for analysis. Composite
samples returning anomalous values were sampled at 1m intervals using a scoop. For both RC and RAB drilling a duplicate sample was
collected at every 25th sample, and a standard sample was submitted every 20th sample.

Pancontinental Mining Ltd; RC samples were collected in plastic bags directly from the cyclone at 1m intervals, split twice through a
sample splitter before splitting off a 2kg sample for analysis. Samples were crushed to 1mm, 1kg split taken and pulverised to 90%
minus 20 mesh from which a 50gm aliquot was taken. Field samples were taken at a rate of 1 in 10 and results show agood correlation
Criteria JORC Code explanation Commentary
with the original values. Samples sent to SGS were dried, jaw and roll crushed, split and pulverised in a chromium steel mill.

Consolidated Gold N.L/DPPL; Auger samples were collected at a nominal depth of 1.5m or blade refusal. Approximately 200gm of
material was placed into pre-numbered paper geochemical bags. Sample numbers were entered into a datalogger linked to the GPS
unit to ensure accuracy. RAB samples were collected a 1m intervals and used to create a 4m composite sample. Samples were oven
dried, pulverised in a single stage grinding bowl until about 90% of the material passed 75 micron. A 50gm split sample was taken for
analysis. Composite samples returning values greater than 0.19 Au g/t were sampled at 1m intervals.

Riverina Resources Pty Ltd; Auger soil samples were collected from a depth of 1.8m or blade refusal. RAB and RC 4m composites were
taken using a sample spear. Samples were dried, crushed, split, pulverised and a 50gm charge taken. Composite samples returning
anomalous gold values were sampled at 1m intervals using a sample spear.

Barra Resources Ltd; Every metre of the drilling was collected through a cyclone into a large green plastic bag and lined up in rows near
the hole in rows of 20. The entirety of each hole was sampled. Each hole was initially sampled by 4m composites using a spear or
scoop. Once each hole was logged, intervals considered to be geologically significant were re-sampled at 1m intervals. To obtain a
representative sample, the entire 1m sample was split using a riffle splitter into a calico bag. Whole diamond core samples for ore
zones were sampled. Samples greater than 2.5kg were riffle split to <2.5kg using a Jones riffle splitter. The entire sample was then
pulverised in a Labtechnics LM5 to better than 85% passing 75 microns. A 50gm pulp was taken for assaying in appropriately numbered
satchels. Composite samples that returned gold assays greater than 0.1 g/t Au and that had not been previously sampled at 1m
intervals, were re-sampled at 1m intervals. In addition, any highly anomalous 1m samples were also sampled again to confirm their
assay results.

Carpentaria Exploration Company Pty Ltd; Samples were collected over 1m intervals. 2m and 4m composite samples were collected
using a sample spear. About 2kg samples were despatched for analysis. Samples were dried, crushed, split, pulverised and a charge
taken for analysis.

Malanti Pty Ltd; 1m samples were collected in plastic bags via a cyclone and passed through a triple splitter giving a 12.5% split of about
2kg which was placed in a calico bag and marked with the drill hole number and interval sampled. The 87.5% was returned to the
similarly numbered large plastic bag and laid in rows on site. A trowel was used to scoop the samples for composites over 4m and 6m
intervals. Samples for assay were then taken with composite intervals based on geology. Many of the single splits were selected for
assay in the first instance. Samples packed in poly weave bags were freighted for analysis. Samples were dried, crushed, split,
pulverised and a 50gm charge taken. RC Samples with anomalous composite assays were split and submitted for analysis.

Riverina Gold Mines NL; Vacuum hole samples were collected every metre and split. RAB samples were taken every metre through a
cyclone and riffle split to a quarter and composited to 4m intervals. RC samples were taken every metre through a cyclone after being
riffle split to a quarter and some composited to 4m. The residue remained on site in plastic bags whilst the quarter split was sent for
analysis. For vacuum holes RVV70 to RVV125, a 30grm was taken. RC samples from holes RV110 to RV164 and vacuum hole samples
were dried, crushed to nominal 3mm and a 1,000 grm split was taken for pulverising until 90% passed minus 75 microns. A 25grm
charge was taken. RC samples from holes RV230 to RV350 were totally pulverised and a 50 grm charge taken. 4m RAB composite
samples returning anomalous values greater than 0.1 g/t Au were sampled at 1m intervals.

Riverina Gold NL; RAB samples were bulked at 2m intervals. RC holes were sampled at 1m intervals. Diamond core samples were taken
at geological boundaries. Samples were crushed, split, pulverised and a charge taken for analysis.

EGL – RC samples were submitted as 1 metre samples taken onsite from a cone splitter. Half core samples, cut by core saw. Core sample
intervals selected by geologist and defined by geological boundaries. RC samples were dried, crushed, split, pulverised and a 40gm or
50gm charge taken. Field duplicates, blanks and standards were submitted for QAQC analysis.

Repeat assays were undertaken on pulp samples at the discretion of the laboratory.
Quality of
assay data
and
laboratory
tests

The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in
determining the analysis including instrument make
and model, reading times, calibrations factors
applied and their derivation, etc.

Croesus Mining N.L; Auger samples were sent to Ultratrace Laboratories, Perth, to be assayed for gold using the Aqua Regia method
with a detection limit of 1ppb. RAB, aircore, RC and diamond samples were sent to Ultratrace Laboratories in Perth to be analysed for
gold using Fire assay/ICP Optical Spectrometry. Diamond core check samples were analysed at Genalysis of Perth. Some diamond core
samples were also analysed for platinum and palladium by fire assay.

Monarch Gold Mining Company Ltd; RC samples were sent to ALS Kalgoorlie to be analysed gold by fire assay (lab code Au-AA26). This
was completed using a 50grm sample charge that was fused with a lead concentrate using the laboratory digestion method FA-Fusion
and digested and analysed by Atomic Absorption Spectroscopy against matrix matched standard. RC samples were also sent to Ultra
Trace PtyLtd,CanningVale Western Australia forgold analysis bylead collection fire assay. Samples were also analysed forpalladium
Criteria JORC Code explanation Commentary

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.
and platinum. The Quality control at ALS involved 84 pot fire assay system. The number and position of quality control blanks,
laboratory standards and repeats were determined by the batch size. Three repeat samples were generally at position 10, 30, 50 of a
batch and the control blanks (one blank) at the start of a batch of 84 samples. The laboratory standards were inserted randomly and
usually two certified internal standards were analysed with a batch, but it was at the discretion of the ‘run builder’ as to how many
standards to add to the batch and where to place them in the run. QAQC at Ultra Trace Pty Ltd was undertaken for every 27th sample.
At random, two repeat samples were chosen, one laboratory standard was inserted and one check sample was taken. The check sample
was chosen if the first pass of fire assay shows anomalous value.

Pancontinental Mining Ltd; Samples were sent to Genalysis Laboratory Services Pty Ltd in Perth to be analysed for gold with a detection
limit of 0.01 ppm. They were also analysed for gold at SGS laboratory using aqua regia with AAS finish. A number of samples with an
assay greater than 0.2 ppm were re-assayed by fire assay. Laboratory standards indicated reasonable accuracy.

Consolidated Gold N.L/DPPL; Auger samples were submitted to ALS Pty Ltd in Perth to be analysed for gold to a detection limit of
0.001ppm using ALS’s PM2005 graphite furnace/AAS technique. Samples were also analysed for calcium, magnesium and arsenic using
ALS’s IC205 technique. RAB samples were submitted to Minlab Pty Ltd Kalgoorlie to be analysed for gold by fire. Some samples were
also sent to Amdel Laboratories Ltd Kalgoorlie for gold analysis by fire assay method FAI.

Riverina Resources Pty Ltd; Auger soil samples were sent to Ultra Trace in Perth to be analysed for gold and arsenic using an aqua regia
digest and determination by ICP-MS. RC samples were submitted to Kalgoorlie Assay Laboratory for gold analysis by 50gm fire assay.
Samples from holes GNRC012 to GNRC020 were also sent Kalgoorlie Assay Laboratory for gold and nickel analysis using a four-acid
digest and gold analysis by 50g fire assay. Martin Zone samples were to Kalgoorlie Assay Laboratories to be assayed Ni, Co, Cr, Cu, Mg,
Mn, Fe, S, As, Al, Ca, and Zn using a four acid digest with ICP-OES finish and for Au using a 50gm fire assay digest with flame AAS finish.
Some samples were also sent to Ultra Trace in Perth for analysis. 312 end of hole RAB samples from the Forehand Prospect were sent
to AusSpec International in Sydney for HyChips spectral analysis developed by AusSpec International and CSIRO capable of analyzing dry
samples stored in chip trays at a rate of at least 1,600 per day. This was undertaken to identify alteration minerals, weathered clays, Fe
oxides, and weathering intensity as well as sample mineralogy including mineral crystallinity and mineral composition. (Results are in
appendix 4 of Riverina Project Combined ATR 2006.pdf). Down Hole Electro-Magnetic (DHEM) surveys were conducted in RC drill holes
GNRC001, GNRC003 and GNRC004 and three diamond drill holes. These surveys were completed by Outer Rim Exploration Services
using a Crone Pulse EM probe. (Southern Geoscience Consultants were contracted to plan the DHEM surveys and interpret the results).

Barra Resources Ltd; Auger samples were sent to Ultra Trace Analytical Laboratories in Perth to be analysed for gold and arsenic. Gold
was determined by Aqua Regia with ICP-Mass Spectrometry to a detection limit of 0.2ppb. All RC pulp samples were sent to Kalgoorlie
Assay Laboratories or Australian Laboratory Services Pty Ltd (ALS) in Kalgoorlie for gold analysis. Gold analysis was completed using the
50gm fire assay technique with an AAS finish to a detection limit of 0.01ppm. Each was weighed and data captured, with the charge
then intimately mixed with flux. Mixed sample and flux were fused in a ceramic crucible at 1100oC in a reducing furnace. Molten mass
was then poured into moulds and allowed to cool. Lead button removed and placed in a cupellation furnace. The resultant dore bead
was parted and digested, being made up to volume with distilled water. The analyte solution was aspirated against known calibrating
standards using AAS. All diamond core sample pulps were sent to Leonora Laverton Assay Laboratory Pty Ltd to be assayed for gold by
fire with an AAS finish to a detection limit of 0.01ppm Au. Some drill hole samples were analysed for gold (Fire assay/ICP Optical
Spectrometry) by Ultratrace Laboratories in Perth.

Carpentaria Exploration Company Pty Ltd; Samples were sent to Australian Assay Laboratories Group in Leonora to be analysed for gold
with a detection limit of 0.01 g/t Au by fire assay. Repeat assays undertaken for about 1 sample in 20. Field duplicates and standards
routinely submitted with assay batches.

Malanti Pty Ltd; RC samples from RRC1 to RRC7 holes were sent to Aminya Laboratories Pty Ltd, Ballarat, Victoria, to be analysed for
gold by fire assay with a detection limit of 0.01 g/t Au. RC samples from holes RRC8 to RRC12 submitted to Minesite Reference
Laboratories, Wangara, Western Australia to be analysed for gold by Fire Assay of 50g charge (code FA50) with a 0.01ppm lower
detection limit. About 1 in 20 assays was either a repeat or duplicate.

Riverina Gold Mines NL; RC samples from holes RV110 to RV164 and vacuum hole samples were sent to Leonora Laverton Assay
Laboratory Pty Ltd, Leonora, to be analysed for gold. The charge was dissolved in aqua-regia/solvent digest with a double ketone
backwash and then assayed using AAS techniques with a detection limit of 0.02ppm. RC samples from holes RV230 to RV350, vacuum
samples from holes RVV126 to RVV204 and RAB composite samples were sent to Multilab Pty Ltd in Kalgoorlie to be analysed for gold.
The 50grm samples were digested in aqua regia and assayed by AAS techniques with a detection limit of 0.01ppm. Other RC samples
were sent to Minlab in Perth to be analysed forgold usingthe aqua regia digest and AAS finish. For vacuum and RAB samples,about 1
Criteria JORC Code explanation Commentary
in 10 assays was a repeat. For RC holes from RV110 to RV164 and vacuum holes, at least 10 percent of a bulk order was repeated as a
laboratory duplicate for quality control.

Riverina Gold NL; RAB samples were analysed for gold, silver, arsenic, lead, zinc, copper and nickel. RC samples were despatched to
Genalysis to be analysed for gold by Aqua Regia/ AAS method. Diamond samples were set to Analabs in Kalgoorlie to be analysed for
gold by fire with fusion AAA, copper, lead and silver by ASS with perchloric acid digestion and, arsenic by ASS with vapour generation
and density using an air pynometer.

EGL - Samples sent to accredited labrotory. The samples have been analysed by firing a 40gm or 50gm portion of the sample. This is the
classical fire assay process and will give total separation of gold. An ICPOES finish is used. Commercially prepared standard samples and
blanks are inserted in the sample stream at a rate of 1:10. Sizing results (percentage of pulverised sample passing a 75μm mesh) are
undertaken on approximately 1 in 40 samples. The accuracy (standards) and precision (repeats) of assaying are acceptable.

Fire assay is considered a total technique, Aqua Regia is considered partial.

The assaying techniques for all surface rockchip samples are of sufficient quality and appropriateness to guide exploration in these
areas. It is not known, however, what quality control procedures were adopted in these sampling programs.
Verification
of
sampling
and
assaying

The verification of significant intersections by either
independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry
procedures, data verification, data storage (physical
and electronic) protocols.

Discuss any adjustment to assay data.

Holes are not deliberately twinned.

EGL - Geological and sample data logged directly into field computer at the core yard using Field Marshall. Data is transferred to Perth
via email and imported into Geobank SQL database by the database administrator (DBA). Assay files are received in .csv format and
loaded directly into the database by the DBA. Hardcopy and/or digital copies of data are kept for reference if necessary.

Monarch Gold Mining Company Ltd; Geological and sample data was logged digitally and .csv or .xls files imported into Datashed SQL
database with in-built validation. Samples bags were put into numbered plastic bags and then cable tied. Samples collected daily from
site by laboratory.

Data entry, verification and storage protocols for remaining operators is unknown.

No adjustments have been made to assay data.
Location of
data points

Accuracy and quality of surveys used to locate drill
holes (collar and down-hole surveys), trenches, mine
workings and other locations used in Mineral
Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

Croesus Mining N.L; All drilling was located using a Trimble/Omnistar DGPS with an accuracy of plus or minus 1m. Down hole surveys
were either as planned or taken using electronic multi shot camera. The gird system used is AGD 1984 AMG Zone 51.

Monarch Gold Mining Company Ltd; The collar co-ordinates of aircore and RAB holes and RC holes RMRC001 to RMRC085 were
surveyed using GPS. The co-ordinates of holes RMRC086 to RMRC177 were surveyed using the RTKGPS. All surveying was undertaken
by staff of Monarch Gold Mining Company Ltd. Down hole surveys were undertaken every 5m by Ausmine using electronic multi-shot
(EMS). The gird system used is GDA94 MGA Zone 51.

Pancontinental Mining Ltd; RC drilling at Mulwarrie was surveyed by McGay Surveys. The grid system used is AMG Zone 51. RAB drilling
at Riverina South – holes drilled on local Riverina grid and transformed to MGAa using 2 point transformation. Holes were not routinely
downhole surveyed.

Consolidated Gold N.L/DPPL; Auger holes located on AMG grid.Some RAB holes were drilled on an AMG grid installed by Kingston
Surveys Pty Ltd of Kalgoorlie. Each 40m grid peg had an accurate (plus or minus 10 cm) northing, easting and elevation position. Other
RAB holes drilled on local grid. Holes located using compass and hip chain from surveyed baselines. The grid system used is AMG Zone
51. RAB holes not down hole surveyed

Riverina Resources Pty Ltd; Collar co-ordinates were surveyed using a DGPS. Collar azimuth and inclination were recorded. Downhole
surveys for most GNRC holes was by single shot and on rare occasions by gyro. Diamond holes surveyed by electronic multishot. The
gird system used is AGD 1984 AMG Zone 51.

Barra Resources Ltd; Collar co-ordinates for northings, eastings and elevation have been recorded. Collar azimuth and inclination were
recorded. Drill hole collar data was collected by the First Hit mine surveyor and down hole data was collected by the drilling company
and passed onto the supervising geologist. The gird system used is AGD84 Zone 51.

Carpentaria Exploration Company Pty Ltd; A local Riverina South grid was employed to record collar coordinates. Holes were not
downhole surveyed. Local co-ordinates were transferred to the AMG and MGAgrids usinga 2-point transformation.
Criteria JORC Code explanation Commentary

Malanti Pty Ltd; Collar locations of re-sampled RAB holes were noted using a GPS. Holes were not downhole surveyed. Two grid
systems were employed; a local Riverina grid and AGD 1996 AMG Zone 51. Local co-ordinates were transferred to the AMG and MGA
grids using a 2-point transformation.

Riverina Gold Mines NL; Collar co-ordinates for northings and eastings and have been recorded. Collar inclination was recorded. The
grid used was the Riverina grid which is oriented to true north. The origin for this grid is 10,000N, 10,000E located at the south west
corner of surveyed M30/98.

Riverina Gold NL; For diamond holes, down hole surveys were either assumed or taken using an Eastman camera or gyro. Diamond hole
locations surveyed on Riverina local grid. RC and RAB holes located on surveyed Riverina local grid.

Topography has been surveyed by recent operators. Collar elevations are consistent with surrounding holes and the natural surface
elevation.

EGL (RC, DD) MGA94, Zone 51. Drill hole collar positions are picked up using a Trimble DGPS subsequent to drilling. Drill-hole, downhole
surveys are recorded every 30m using a reflex digital downhole camera. Some RC holes not surveyed if holes short and/or drilling an
earlystage explorationproject.
Data
spacing
and
distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s)
and classifications applied.

Whether sample compositing has been applied.

Exploration results are reported for single holes only.

Drill hole spacing is adequate for the current resources reported externally. (Examples are discussed below)

Croesus Mining N.L; Auger samples were collected to infill a 250m x 100m grid, Riverina South RAB samples were collected to infill a
400m x 80m grid and Sunraysia RC drilling was completed on a 40m x 200m grid.

Monarch Gold Mining Company Ltd; RAB holes were drilled on 200m x 40m grids and RC holes were drilled on a 20m x 20m and 40m x
20m grids.

Riverina Resources Pty Ltd; Auger soil sampling program was taken over 50m x 50m, 50m x 100m and 50m x 200m spaced grids, Silver
Tongue RAB and RC holes were drilled on 25m x 25m, 25m x 50m and 50mx 50m spaced grids and Corporate James RAB holes were
drilled on 50m x 100m and 25m x 100m spaced grids.

Barra Resources Ltd; Auger soil sampling program was taken over 50m x 50m, 50m x 100m and 50m x 200m spaced grids, Silver Tongue
RAB and RC holes were drilled on 25m x 25m, 25m x 50m and 50m x 50m spaced grids, Corporate James RAB holes were drilled on 50m
x 100m and 25m x 100m spaced grids, Forehand RAB and RC holes were drilled on 50m x 100m, 50m x 50m or 25m x 50m spaced grids
and Cactus RC holes were drilled on 10m x 10m, 20m x 20m and 40m x50m spaced grids.

Drill intercepts are length weighted, 1g/t lower cut-off, not top-cut, maximum 2m internal dilution.
Orientation
of data in
relation to
geological
structure

Whether the orientation of sampling achieves
unbiased sampling of possible structures and the
extent to which this is known, considering the
deposit type.

If the relationship between the drilling orientation
and the orientation of key mineralised structures is
considered to have introduced a sampling bias, this
should be assessed and reported if material.

Drilling was oriented at 90oto the strike of mineralisation and inclined at 60o. Examples are discussed below.

Croesus Mining N.L; Holes were either vertical or inclined at 60oand oriented towards the west.

Monarch Gold Mining Company Ltd; Holes were inclined at 60o and oriented towards the west.

Consolidated Gold N.L/DPPL; Holes were inclined at 60oand oriented towards either the west or east.

Riverina Resources Pty Ltd; Holes were inclined at 60oand oriented towards either the west or east.

Barra Resources Ltd; Holes were either vertical or inclined at 60oand oriented towards the west.

Carpentaria Exploration Company Pty Ltd; Holes were inclined at 60oand oriented towards either the west or east.

Malanti Pty Ltd; Holes were inclined at 60oand oriented towards either the west or east.

Riverina Gold Mines NL; Vacuum holes from RVV1 to RVV69 and from RVV126 to RVV204 were drilled vertically. Vacuum holes from
RVV70 to RVV125 were inclined at 60oand oriented either east or west. RAB and RC holes were inclined at 60oand oriented either east
or west.

Riverina Gold NL; RC holes were inclined at 60oand oriented either east or west.

EGL – Drilling predominately inclined at 60 degrees towards the west.
Sample
security

The measures taken to ensure sample security.

Unknown for all drilling except for the following;

Barra Resources Ltd. Samples received at the laboratory were logged in ALS Chemex’s unique sample tracking system. A barcode was
attached to the original sample bag. The label was then scanned and the weight of sample recorded together with information such as
date, time, equipment used and operator name.

Monarch; Sample calicos were put into numbered plastic bags and cable tied. Any samples that going to SGS were collected daily by the
lab. Samples sent to ALS wereplaced into sample crates and sent via courier on a weeklybasis.
Criteria JORC Code explanation Commentary

EGL - Samples were bagged, tied and in a secure yard. Once submitted to the laboratories they are stored in cages within a secure
fenced compound. Samples are tracked through the laboratory via their LIMS.
Audits or
reviews

The results of any audits or reviews of sampling
techniques and data.

EGL has reviewed historic digital data and compared it to hardcopy and digital (Wamex) records.

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

Section 2 Reporting of Exploration Results

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

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.

Riverina Tenements are wholly owned by either Barra Resources Ltd or Carnegie Gold Pty Ltd., both of which a wholly owned subsidiaries
of Eastern Goldfields Limited. See tenement listing below.

REGISTERED HOLDER
TENEMENTS
CARNEGIE GOLD PTY LTD
E30/333, E30/336, E30/468, M30/123, M30/127, M30/133, M30/157, M30/182,
M30/253,M30/256,P30/1116,P30/1117,P30/1118

There are no native title/heritage issues.

There are no known impediments to obtaining a licence to operate in the area
Exploration
done by other
parties

Acknowledgment and appraisal of exploration
by other parties.

Drilling, sampling and assay procedures and methods as stated in the database and confirmed from Wamex reports and hard copy
records are considered acceptable and to industry standards of the time.
Geology
Deposit type, geological setting and style of
mineralisation.

The geology of the Riverina area consists of a sequence of meta-basalts with minor meta-sediments and meta-ultramafics that have a
northerly strike and sub-vertical to steep east dip. The area has been affected by upper greenschist to lower amphibolite grade
metamorphism with many minerals exhibiting strong preferred orientations. All rock units are foliated with shear zones common. The
most intense shear zones have been locally referred to as mylonite zones. Contemporaneous strike faults and late stage faults have
dislocated these mylonite zones.

Intense mineralisation and alteration at the Riverina underground mine is confined to the mylonite zones and strike fault systems. Gold
mineralisation is intimately associated with quartz veining and sulphides within a broader mylonite zone that also contains non-
mineralised parallel quartz veins. Elsewhere mineralisation is found in favourable host rocks where intersected by N-S trending strike
faults. Favourable hosts include meta sediments, mafics and mafic/ultramafic contacts
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

See list of drill intercepts.
Criteria JORC Code explanation Commentary
Level – elevation above sea
level in metres) of the drill
hole collar
o
dip and azimuth of the hole
o
down hole length and
interception depth
o
hole length.

If the exclusion of this information is justified
on the basis that the information is not
Material and this exclusion does not detract
from the understanding of the report, the
Competent Person should clearly explain why
this is the case.
Data
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.

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.

Original assays are length weighted. Grades are not top cut. Significant intercepts have been reported in separate tables using a 0.5g/t
Au cut-off and 1g/t Au cut-off. Maximum 2m internal dilution

Metal equivalents not reported.
Relationship
between
mineralisation
widths and
intercept
lengths

These relationships are particularly important
in the reporting of Exploration Results.

If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.

If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (eg ‘down hole length,
_true width not known’). _

Intercept widths are down hole lengths. True widths are not reported given the varying orientation of drilling and mineralisation at each
deposit/prospect mentioned in the report.

The geometry of the mineralisation at Riverina Mine is approx. N-S and sub vertical. Drilling is generally oriented perpendicular the strike
of the mineralisation.
Diagrams
Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported These should include, but not be
limited to a plan view of drill hole collar
locations and appropriate sectional views.

See plans and sections.
Balanced
reporting

Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.

The location of drill hole intersections is shown on the plans and 3D diagrams and are coloured according to grade to provide context for
the highlighted intercepts
Criteria JORC Code explanation Commentary
Other
substantive
exploration data

Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples – size and method
of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.

There is a current DMP approval for mining at Riverina. This was applied for and granted to previous operator, Monarch Gold.

There are no known metallurgical issues for Riverina ores
Further work
The nature and scale of planned further work
(eg tests for lateral extensions or depth
extensions or large-scale step-out drilling).

Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.

Infill and extensional drilling at Riverina, Forehand, Silver Tongue, Sunraysia, followed by resource updates

Assessment of all regional data to develop new exploration targets.