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ORA BANDA MINING LTD Capital/Financing Update 2024

Apr 3, 2024

65475_rns_2024-04-03_30f62db3-a0ff-4791-9a02-028fca0e3881.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

4 April 2024

==> picture [166 x 88] intentionally omitted <==

RIVERINA UNDERGROUND & SAND KING UPDATE Highlights

Riverina Underground Mine

  • Development metres continue to improve with 1,711 metres completed in the March quarter, an 88% increase from the December quarter

  • Riverina ramp up continues as stoping commenced in the 2295 level (first level) on Main Lode in March

  • Stoping performing in line with expectations with a mining width of 2.2m (see Figure 4) and ground conditions excellent with minimal dilution of 7%

  • Ore development well underway on the 2275 Level (second level) and at the end of the quarter, the main Decline was ~30 metres away from the 2255 Level Access (third level)

  • Underground diamond drilling continues with the following significant intersections highlighting the consistency and high-grade nature of the ore lodes:

  • 4.0m @ 83.8 g/t

o 2.9m @ 103.5 g/t

o 2.8m @ 58.5 g/t including 1.6m @ 105.4 g/t

  • 8.9m @ 10.0 g/t

  • 4.4m @ 18.9 g/t

o 9.0m @ 8.4 g/t o 1.2m @ 50.5 g/t o 12.0m @ 4.1 g/t

including 2.3m @ 31.5 g/t

including 10.5m @ 4.5 g/t including 1.3m @ 35.0 g/t

  • 1.8m @ 26.0 g/t

  • o 1.1m @ 34.0 g/t

  • 4.7m @ 7.9 g/t

including 4.3m @ 8.5 g/t including 4.3m @ 8.3 g/t

  • 5.0m @ 7.3 g/t

  • 0.9m @ 39.1 g/t

  • o 1.2m @ 27.3 g/t

  • 5.1m @ 6.1 g/t

including 4.4m @ 6.8 g/t

==> picture [90 x 270] intentionally omitted <==

A: Level 2, 1 Hood Street Subiaco, WA, 6008 T: + 61 8 6365 4548 E: [email protected] ASX:OBM ABN: 69 100 038 266

1

Sand King Development Drilling Program

  • Drilling success continues at Sand King as the potential for a second underground mine grows

  • An extensional hole targeting the newly discovered 090 lode (as announced on 28 February 2024) returned 7.4m @ 4.5g/t which extends the mineralisation over 150m deeper than the discovery hole and expands the search window under the ultramafic substantially (see Figure 11)

  • Phase 2 drilling program expanded to follow up ongoing exploration success in the north

  • Assays from the Phase 2 program have returned outstanding intercepts that demonstrate widths and grades conducive to underground mining and have further expanded the mineralisation area including:

o 10.0m @ 8.2 g/t Sand King 060 Lode
o 4.0m @ 17.4 g/t Sand King 090 Lode
o 8.0m @ 7.1 g/t including 7.0m @ 8.0 g/t Sand King 060 Lode
o 6.8m @ 7.9 g/t Sand King 060 Lode
o 11.3m @ 4.0 g/t including 2.4m @ 8.5 g/t Sand King 090 Lode
o 9.3m @ 4.5 g/t Sand King 060 Lode
o 6.0m @ 6.8 g/t Sand King 060 Lode
o 9.0m @ 4.3 g/t Sand King 060 Lode
o 10.7m @ 3.4 g/t including 8.8m @ 3.8 g/t Sand King 060 Lode
o 7.4m @ 4.5 g/t Sand King 090 Lode
o 4.0m @ 7.6 g/t including 3.0m @ 9.7 g/t Sand King 090 Lode
o 4.3m @ 7.0 g/t Sand King 060 Lode
o 7.3m @ 4.0 g/t Sand King 060 Lode
o 2.6m @ 11.5 g/t Sand King 060 Lode
o 6.0m @ 4.8 g/t Sand King 060 Lode
o 4.0m @ 6.2 g/t Sand King 060 Lode
o 2.0m @ 11.3 g/t Sand King 090 Lode
o 4.5m @ 4.8 g/t Sand King 060 Lode
o 0.4m @ 54.7 g/t Sand King 060 Lode
o 24.0m @ 10.3 g/t (drilled down structure TW≈3.3m) Sand King 060 Lode

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on the Riverina Underground Mine and Sand King Development Project - which together form the centrepiece of the Company’s DRIVE to 100 Project, which is targeting production of more than 100,000 ounces in FY25.

2

Ora Banda Mining Limited’s Managing Director, Luke Creagh, said:

“The Riverina Underground mine will soon fulfil the role of the primary producing asset at Davyhurst, taking over from the Siberia open pits. The mine is now well advanced with stoping coming online and impressive grades coming back from the infill drilling and face sampling. We are pleased with the rate of progress and look forward to ramping this up to commercial production expected in the June quarter and seeing the full potential benefit of the stoping tonnes and grade reaching the processing plant.

“The recent Sand King drilling success continues with a focus on the newly discovered high grade lode system in the north, hidden from surface under the gently dipping ultramafic unit. We are currently advancing the mining study to determine the potential for Sand King to become the second underground gold mine for the Davyhurst Project.”

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Figure 1 – Overview showing location of Riverina and Sand King compared to Davyhurst processing hub

3

Riverina Underground Mine

Stoping commenced in March with rapid ramp up set for June Quarter

Progress in the mine continues to advance strongly, with stoping commenced on the first level, ore development well underway on the second level (2275) and with the decline advancing toward the third level (2255). As the capital development advances ahead of the working areas the optionality continues to increase as more development headings become available to the jumbos.

Geologically the lode widths and grades intersected in the ore development drives continues to typically meet and/or exceed the pre-mining expectation. The lode geometry is regular and predictable, combining with ground conditions that are considered good.

The overall development rates remain strong, with March achieving 588 metres, which is the highest monthly advance rate for the Project to date. Management focus is aimed at a continued increase in the development metres towards the steady state target of 650m per month.

==> picture [595 x 297] intentionally omitted <==

----- Start of picture text -----

Development Metres Advance per Month
700
588
600
500
400
300
200
100
0
Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24
Development Metres CY Average
Development Metres
----- End of picture text -----

Figure 2 - Showing the increase in development metres as additional headings are accessed

4

==> picture [452 x 271] intentionally omitted <==

----- Start of picture text -----

Old Underground Workings
Historical Production
50.5koz @ 16.0g/t
Portal
4.5m Vent
Rise
First Stope
North
Decline
2316 Level
Accessing Murchinson Lodes
RIVERINA UNDERGROUND MINE
Riverina Decline
28 metres from 2255
2295 Level
2275 Level
----- End of picture text -----

Figure 3 – Riverina Underground Mine oblique view looking north west

  • 1 Historical production figures sourced from internal Company Records (updated from Monarch Gold 2008)

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Figure 4 – Cross Section looking north – Design versus actual of first stope on the 2295 Level

5

==> picture [429 x 572] intentionally omitted <==

----- Start of picture text -----

2295 LEVEL LONG HOLE OPEN STOPING
Narrow Stope Excellent
Hanging-wall
< 2.2m conditions
Original Ore
Drive Outline
Broken ore
stock ready for
remote bogging
----- End of picture text -----

Figure 5 – Looking north into first stope on the 2295 Level – noting good ground conditions (hanging wall surface)

6

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Figure 6 – 2275 Level (Second Level) Ore Drive number 14 heading (& looking) north

==> picture [415 x 319] intentionally omitted <==

Figure 7 – 2275 Level (Second Level) Ore Drive number 10 heading (& looking) south

7

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Figure 8 – Long Section Main Lode East looking west showing latest grade control infill drilling results

8

Sand King Development Drilling Program Riverina

OBM commits to Phase 3 program based on drilling success

Recent drilling has led to a newly discovered high grade lode system in the north of the Sand King project area that combines well with the previously discovered discrete high grade lodes in the south of Sand King. Further success has led the Company to expand the Phase 2 program that aims to expand the known resource and to further build the Sand King mineral resource base.

Work has commenced on a mineral resource update that will underpin the Sand King mining study. Infrastructure, hydrological, geotechnical, mining and metallurgical evaluations are well advanced.

==> picture [349 x 456] intentionally omitted <==

Figure 92 Plan view of Sibera Project showing location of Sand King

9

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Figure 10 - Sand King Plan view Refer ASX announcements dated 13&22 Sept 2016, 25 Oct 2016, 2&15&23 Nov 2016, 15 Dec 2016, 27 Apr 2020, 2 Nov 2023, 6 Feb 2024, 28 Feb 2024 and the Company’s website - https://orabandamining.com.au/technical data/ for further information on historical significant intercepts.

10

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Figure 11 – Sand King Long Section view looking to the north west showing new intersection in yellow text boxes

Refer ASX announcements dated 13&22 Sept 2016, 25 Oct 2016, 2&15&23 Nov 2016, 15 Dec 2016, 27 Apr 2020, 2 Nov 2023, 6 Feb 2024, 28 Feb 2024 and the Company’s website - https://orabandamining.com.au/technical data/ for further information on historical significant intercepts.

11

BACKGROUND INFORMATION

Siberia Project Overview

The Siberia project comprises the Missouri, Sand King, Palmerston, Bewick Moering, Theil Well and Black Rabbit deposits with a total gold endowment of 750koz[1] , made up of published mineral resources of 4,149,000 tonnes @ 3.4g/t for 458,000 ounces[2] and historical production of 293,000 ounces at a grade of 2.5g/t[1] , predominantly from open pit sources. Siberia is located 37km southeast of the Davyhurst processing plant and approximately 80km northwest of Kalgoorlie within the Eastern Goldfields of Western Australia.

Siberia has been the focus for the Company’s most recent open pit mining endeavours having produced 118,000 ounces[1] since mining recommenced in 2021. The Company is now turning its attention to the underground potential of the Siberia Complex noting that 95% of the 12,700 holes drilled to date are less than 100 metres in depth, meaning the underground exploration search windows are largely unexplored.

Sand King Overview

Sand King was previously mined by Western Mining Corporation (WMC) from the late 1980’s to 1991 by open pit methods, producing approximately 50,000 ounces at 4.8g/t. Under OBM, a small cutback to the south commenced in August 2023 and was completed in early January 2024, mining 11,400 ounces at 1.7g/t. The Sand King mineralised system is over 1km of strike length, with mineralisation tested to over 300 metres at depth and remains open both along strike and at depth.

Geology and Structural Synthesis

Early Shears

There are early shears in two distinct orientations at Sand King. One shear system strikes towards 010° and the other strikes towards 330°. Both dip to the north-east, forming a conjugate pair. Several definable shear structures have been either mapped in the pit and/ or logged in the diamond core. The shears are ductile, having formed in a deep tectonic environment. The shears vary from a few cm to +/-1 metre wide and were poorly mineralised or unmineralised at formation.

Mineralised vein system

Tension veins consisting of quartz, potassic alteration with sulphides and gold were later emplaced at Sand King. The tension veins formed from hydrostatic pressure at shallower depths and have either a 060° or 090° strike orientation. The 060° orientation is dominant with strike lengths of up to several hundred metres while the 090° veins are less strike extensive and frequently terminate on the 060° veins.

The interaction of late veins with early shears

The behaviour of the tension veins when they intersect the early shears depends on the shear and vein orientations. Observed interactions include:

  • 090° veins frequently terminate on 060° veins

1 Historical production figures sourced from internal Company Records (updated from Monarch Gold 2008)

2 For further details see ASX Announcement dated 26 October 2023

12

  • 060° and 090° veins terminate and at times migrate along 330° shears

  • Tension veins frequently pass through 010° shears

The 330° shears are strongly foliated and frequently quartz filled which becomes a host for the gold introduced by the later tension veins. When the tension veins intersect the 330° shears the ore bearing fluids migrate up and down the shear, causing grade and volume “blowouts”. The 010° shears exhibit a weak planar foliation, without quartz and are generally a poorer gold host.

Mineral stretching lineations in the 330° shears imply a steep northerly plunge to the gold mineralisation. Boudinaged quartz in shears are infrequently observed but boudin necks plunge steeply north confirming the overall mineralisation plunge. Furthermore, the intersection of the steep north dipping tension veins with the moderate north dipping 330° and 010[o] shears give a steep north plunge to the high-grade blow-outs.

Implications for mining

There are four gold bearing structural orientations at Sand King, 090°, 060°,010° and 330°. The 090° and 060° tension veins are well mineralised with good mining potential. The 330° and 010° shears are well mineralised where intersected by the 090° and 060° tension veins. Where several spaced tension veins intersect the shears, they are well mineralised over a reasonable strike length, again with good mining potential.

This announcement was authorised for release to the ASX by Luke Creagh, Managing Director.

For further information about Ora Banda Mining Ltd and its projects please visit the Company’s website at www.orabandamining.com.au.

Investor & Media Queries: Luke Creagh Managing Director +61 8 6365 4548 [email protected]

Competent Persons Statement

The information in this announcement that relates to new exploration results is based on, and fairly represents, information and supporting documentation prepared by Mr Andrew Czerw, an employee of Ora Banda Mining Limited, who is a 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 announcement that relates to prior exploration results was reported in the ASX announcements dated 13 & 22 September 2016, 25 October 2016, 2, 15 & 23 November 2016, 15 December 2016, 27 April 2020, 2 November 2023, 6 February 2024 and 28 February 2024. The Company is not aware of any new information or data that materially affects the information included in the relevant announcements.

The information in this announcement that relates to mineral resources for Siberia was reported in the Company’s ASX announcement, Mineral Resource and Ore Reserve Statement, dated 26 October 2023. The Company confirms that it is not

13

aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed.

Forward-looking Statements

This announcement contains forward-looking statements which may be identified by words such as "believes", "estimates", "expects', "intends", "may", "will", "would", "could", or "should" and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place.

Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. These and other factors could cause actual results to differ materially from those expressed in any forward-looking statements.

The Company has no intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by law.

The Company cannot and does not give assurances that the results, performance or achievements expressed or implied in the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.

14

Appendix 1 – Significant Intersections Table – OBM Drill holes (1g/t cut-off, maximum 2m internal dilution, minimum width 0.2m)

RIVERINA

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval Cut-off
RIVERINA RDR24001
RDR24001
RDR24001
RDR24001
RDR24001
340
294
8
139
UGD
6706787 264588
22.25 22.80 0.55 4.8 2.6 0.6m @ 4.8 g/t 1
70.12 73.00 2.88 3.1 8.8 2.9m @ 3.1 g/t 1
Incl 72.00 73.00 1.00 7.6 7.6 1.0m @ 7.6 g/t 2
102.59 103.80 1.21 10.1 12.2 1.2m @ 10.1 g/t 1
Incl 103.09 103.80 0.71 16.4 11.7 0.7m @ 16.4 g/t 2
RIVERINA RDR24064
RDR24064
RDR24064
RDR24064
301
345
-4
96
UGD
6706841 264455
54.00 60.00 6.00 1.1 6.4 6.0m @ 1.1 g/t 1
66.79 73.00 6.21 1.2 7.3 6.2m @ 1.2 g/t 1
77.30 92.40 15.10 12.5 188.0 15.1m @ 12.5 g/t 1
Incl 77.30 91.00 13.70 13.6 186.2 13.7m @ 13.6 g/t 2
RIVERINA RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
RGC23075
318
278
-49
201
UGD
6706648 264592
1.00 5.00 4.00 1.1 4.6 4.0m @ 1.1 g/t 1
Incl 1.00 2.00 1.00 3.0 3.0 1.0m @ 3.0 g/t 2
19.00 20.00 1.00 6.2 6.2 1.0m @ 6.2 g/t 1
26.40 26.90 0.50 2.6 1.3 0.5m @ 2.6 g/t 1
42.08 42.72 0.64 1.9 1.2 0.6m @ 1.9 g/t 1
49.00 53.00 4.00 4.6 18.4 4.0m @ 4.6 g/t 1
Incl 49.00 52.00 3.00 5.8 17.3 3.0m @ 5.8 g/t 2
56.52 56.82 0.30 1.2 0.4 0.3m @ 1.2 g/t 1
61.43 67.64 6.21 1.5 9.1 6.2m @ 1.5 g/t 1
Incl 61.43 61.90 0.47 2.5 1.2 0.5m @ 2.5 g/t 2
Incl 64.40 64.70 0.30 3.5 1.1 0.3m @ 3.5 g/t 2
Incl 67.34 67.64 0.30 2.7 0.8 0.3m @ 2.7 g/t 2
69.88 71.35 1.47 1.2 1.8 1.5m @ 1.2 g/t 1
89.00 90.00 1.00 4.6 4.6 1.0m @ 4.6 g/t 1
97.71 98.87 1.16 5.5 6.4 1.2m @ 5.5 g/t 1
155.05 156.15 1.10 15.3 16.8 1.1m @ 15.3 g/t 1
170.65 172.10 1.45 1.3 1.9 1.5m @ 1.3 g/t 1
RIVERINA RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
RGC23078
338
254
-38
192
UGD
6706780 264589
22.30 24.00 1.70 1.9 3.2 1.7m @ 1.9 g/t 1
Incl 22.30 23.00 0.70 2.1 1.5 0.7m @ 2.1 g/t 2
27.19 30.00 2.81 5.3 14.8 2.8m @ 5.3 g/t 1
Incl 28.00 30.00 2.00 7.0 13.9 2.0m @ 7.0 g/t 2
37.51 39.00 1.49 2.3 3.5 1.5m @ 2.3 g/t 1
55.00 56.00 1.00 6.1 6.1 1.0m @ 6.1 g/t 1
80.00 81.00 1.00 1.7 1.7 1.0m @ 1.7 g/t 1
Incl 80.00 80.34 0.34 2.5 0.9 0.3m @ 2.5 g/t 2
88.00 89.00 1.00 1.1 1.1 1.0m @ 1.1 g/t 1
93.70 95.00 1.30 3.5 4.6 1.3m @ 3.5 g/t 1
98.00 99.00 1.00 1.3 1.3 1.0m @ 1.3 g/t 1
119.00 120.00 1.00 1.0 1.0 1.0m @ 1.0 g/t 1
145.50 148.38 2.88 2.0 5.8 2.9m @ 2.0 g/t 1
Incl 145.50 146.35 0.85 3.7 3.2 0.9m @ 3.7 g/t 2
Incl 148.08 148.38 0.30 5.2 1.6 0.3m @ 5.2 g/t 2
154.20 154.60 0.40 27.4 11.0 0.4m @ 27.4 g/t 1
173.71 174.10 0.39 1.2 0.5 0.4m @ 1.2 g/t 1
RIVERINA RGC23080
RGC23080
RGC23080
RGC23080
RGC23080
RGC23080
RGC23080
RGC23080
RGC23080
RGC23080
RGC23080
RGC23080
338
283
-34
180
UGD
6706780 264588
25.00 28.00 3.00 1.3 3.9 3.0m @ 1.3 g/t 1
30.11 30.55 0.44 1.0 0.4 0.4m @ 1.0 g/t 1
35.00 36.00 1.00 1.4 1.4 1.0m @ 1.4 g/t 1
80.00 81.00 1.00 2.4 2.4 1.0m @ 2.4 g/t 1
88.00 93.00 5.00 1.7 8.4 5.0m @ 1.7 g/t 1
Incl 89.84 90.41 0.57 7.4 4.2 0.6m @ 7.4 g/t 2
98.00 98.66 0.66 2.6 1.7 0.7m @ 2.6 g/t 1
Incl 98.00 98.36 0.36 3.1 1.1 0.4m @ 3.1 g/t 2
112.00 113.00 1.00 1.5 1.5 1.0m @ 1.5 g/t 1
157.10 157.46 0.36 1.7 0.6 0.4m @ 1.7 g/t 1
159.79 160.13 0.34 6.2 2.1 0.3m @ 6.2 g/t 1
167.43 168.41 0.98 2.5 2.4 1.0m @ 2.5 g/t 1

15

Project Hole ID MGA
North
MGA East RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval Cut-off
RIVERINA RGC23081
RGC23081
RGC23081
RGC23081
RGC23081
RGC23081
RGC23081
RGC23081
338
286
-24
111
UGD
6706780
264588
27.00 27.32 0.32 1.6 0.5 0.3m @ 1.6 g/t 1
28.41 29.70 1.29 1.2 1.5 1.3m @ 1.2 g/t 1
62.00 62.30 0.30 1.6 0.5 0.3m @ 1.6 g/t 1
77.00 78.00 1.00 1.2 1.2 1.0m @ 1.2 g/t 1
85.00 88.67 3.67 2.0 7.4 3.7m @ 2.0 g/t 1
Incl 86.38 87.10 0.72 5.7 4.1 0.7m @ 5.7 g/t 2
95.30 95.60 0.30 2.5 0.7 0.3m @ 2.5 g/t 1
99.62 99.92 0.30 2.0 0.6 0.3m @ 2.0 g/t 1
RIVERINA RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
RGC23082
338
294
-28
209
UGD
6706780
264588
21.32 21.62 0.30 1.3 0.4 0.3m @ 1.3 g/t 1
26.86 31.92 5.06 1.8 9.2 5.1m @ 1.8 g/t 1
Incl 28.00 29.00 1.00 4.4 4.4 1.0m @ 4.4 g/t 2
61.00 62.00 1.00 3.1 3.1 1.0m @ 3.1 g/t 1
68.40 68.70 0.30 1.2 0.3 0.3m @ 1.2 g/t 1
91.42 92.62 1.20 6.0 7.2 1.2m @ 6.0 g/t 1
Incl 91.42 92.32 0.90 7.6 6.9 0.9m @ 7.6 g/t 2
104.00 105.00 1.00 2.9 2.9 1.0m @ 2.9 g/t 1
114.85 115.15 0.30 1.1 0.3 0.3m @ 1.1 g/t 1
119.00 119.50 0.50 1.3 0.6 0.5m @ 1.3 g/t 1
126.63 127.00 0.37 1.3 0.5 0.4m @ 1.3 g/t 1
170.93 172.78 1.85 4.2 7.8 1.9m @ 4.2 g/t 1
179.00 179.50 0.50 1.5 0.7 0.5m @ 1.5 g/t 1
181.00 183.10 2.10 1.3 2.8 2.1m @ 1.3 g/t 1
Incl 182.65 183.10 0.45 2.1 0.9 0.5m @ 2.1 g/t 2
RIVERINA RGC23083
RGC23083
RGC23083
RGC23083
RGC23083
RGC23083
RGC23083
RGC23083
RGC23083
338
304
-16
120
UGD
6706780
264588
15.00 17.00 2.00 2.5 5.0 2.0m @ 2.5 g/t 1
28.67 34.00 5.33 2.5 13.5 5.3m @ 2.5 g/t 1
Incl 29.27 31.93 2.66 4.4 11.6 2.7m @ 4.4 g/t 2
37.05 38.00 0.95 5.1 4.8 1.0m @ 5.1 g/t 1
Incl 37.05 37.35 0.30 13.2 4.0 0.3m @ 13.2 g/t 2
79.66 80.00 0.34 1.6 0.6 0.3m @ 1.6 g/t 1
96.32 100.12 3.80 2.2 8.4 3.8m @ 2.2 g/t 1
Incl 96.32 98.36 2.04 3.4 7.0 2.0m @ 3.4 g/t 2
113.00 114.00 1.00 1.3 1.3 1.0m @ 1.3 g/t 1
RIVERINA RGC23084
RGC23084
RGC23084
RGC23084
RGC23084
RGC23084
RGC23084
RGC23084
339
317
-18
150
UGD
6706780
264588
33.35 34.50 1.15 2.0 2.3 1.2m @ 2.0 g/t 1
Incl 33.82 34.50 0.68 2.5 1.7 0.7m @ 2.5 g/t 2
37.00 40.47 3.47 1.3 4.5 3.5m @ 1.3 g/t 1
Incl 37.00 37.80 0.80 2.7 2.2 0.8m @ 2.7 g/t 2
94.30 94.65 0.35 1.4 0.5 0.4m @ 1.4 g/t 1
123.80 124.22 0.42 10.8 4.5 0.4m @ 10.8 g/t 1
139.05 141.17 2.12 1.3 2.8 2.1m @ 1.3 g/t 1
Incl 140.80 141.17 0.37 4.5 1.7 0.4m @ 4.5 g/t 2
RIVERINA RGC24003
RGC24003
RGC24003
RGC24003
302
289
18
66
UGD
6706589
264539
24.20 25.00 0.80 2.6 2.1 0.8m @ 2.6 g/t 1
32.00 33.00 1.00 1.3 1.3 1.0m @ 1.3 g/t 1
46.23 46.62 0.39 40.5 15.8 0.4m @ 40.5 g/t 1
53.50 54.50 1.00 1.2 1.2 1.0m @ 1.2 g/t 1
RIVERINA RGC24004
RGC24004
302
266
19
63
UGD
6706589
264539
30.80 31.15 0.35 1.6 0.6 0.4m @ 1.6 g/t 1
51.85 53.08 1.23 14.8 18.2 1.2m @ 14.8 g/t 1
RIVERINA RGC24005
RGC24005
RGC24005
RGC24005
300
273
-15
63
UGD
6706577
264540
20.00 23.00 3.00 3.2 9.6 3.0m @ 3.2 g/t 1
38.00 39.00 1.00 9.3 9.3 1.0m @ 9.3 g/t 1
42.07 43.00 0.93 39.1 36.4 0.9m @ 39.1 g/t 1
47.00 48.00 1.00 1.3 1.3 1.0m @ 1.3 g/t 1
RIVERINA RGC24006 302
263
18
66
UGD
6706577
264540
52.66 54.66 2.00 3.7 7.4 2.0m @ 3.7 g/t 1
RIVERINA RGC24007 300
254
-14
87
UGD
6706575
264541
42.05 43.60 1.55 5.5 8.6 1.6m @ 5.5 g/t 1
RIVERINA RGC24008
RGC24008
RGC24008
301
252
8
84
UGD
6706575
264541
35.50 36.20 0.70 4.6 3.2 0.7m @ 4.6 g/t 1
42.00 42.30 0.30 1.0 0.3 0.3m @ 1.0 g/t 1
52.00 53.28 1.28 8.7 11.2 1.3m @ 8.7 g/t 1
RIVERINA RGC24009 301
245
6
87
UGD
6706575
264541
53.60 54.75 1.15 50.5 58.1 1.2m @ 50.5 g/t 1
RIVERINA RGC24010
RGC24010
RGC24010
RGC24010
300
237
-12
96
UGD
6706574
264541
34.00 35.00 1.00 1.0 1.0 1.0m @ 1.0 g/t 1
37.50 38.00 0.50 1.8 0.9 0.5m @ 1.8 g/t 1
46.97 48.15 1.18 27.3 32.2 1.2m @ 27.3 g/t 1
53.34 53.74 0.40 2.9 1.2 0.4m @ 2.9 g/t 1

16

Project Hole ID MGA
North
MGA East RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval Cut-off
RIVERINA RGC24011 301
230
14
74
UGD
6706574
264541
N.S.I. 1
RIVERINA RGC24012
RGC24012
RGC24012
RGC24012
301
227
-10
84
UGD
6706574
264541
39.73 40.03 0.30 1.3 0.4 0.3m @ 1.3 g/t 1
53.47 53.77 0.30 12.0 3.6 0.3m @ 12.0 g/t 1
65.50 67.50 2.00 2.7 5.4 2.0m @ 2.7 g/t 1
Incl 65.50 67.00 1.50 3.1 4.7 1.5m @ 3.1 g/t 2
RIVERINA RGC24013
RGC24013
301
217
-10
119
UGD
6706574
264541
75.38 76.51 1.13 34.0 38.5 1.1m @ 34.0 g/t 1
92.00 93.00 1.00 2.9 2.9 1.0m @ 2.9 g/t 1
RIVERINA RGC24014
RGC24014
RGC24014
RGC24014
RGC24014
301
211
-7
137
UGD
6706574
264541
0.00 0.60 0.60 1.4 0.8 0.6m @ 1.4 g/t 1
47.00 48.00 1.00 2.2 2.2 1.0m @ 2.2 g/t 1
90.19 93.00 2.81 58.5 164.4 2.8m @ 58.5 g/t 1
Incl 90.55 92.10 1.55 105.4 163.3 1.6m @ 105.4 g/t 2
118.88 123.23 4.35 18.9 82.2 4.4m @ 18.9 g/t 1
RIVERINA RGC24015
RGC24015
RGC24015
301
209
11
104
UGD
6706574
264541
4.46 5.00 0.54 14.1 7.6 0.5m @ 14.1 g/t 1
96.55 98.00 1.45 3.9 5.6 1.5m @ 3.9 g/t 1
Incl 96.55 97.01 0.46 8.0 3.7 0.5m @ 8.0 g/t 2
RIVERINA RGC24016
RGC24016
301
206
-6
152
UGD
6706574
264541
103.66 104.23 0.57 4.5 2.6 0.6m @ 4.5 g/t 1
132.00 140.90 8.90 10.0 88.7 8.9m @ 10.0 g/t 1
RIVERINA RGC24020
RGC24020
RGC24020
RGC24020
299
324
-20
75
UGD
6706426
264496
30.10 33.00 2.90 103.5 300.2 2.9m @ 103.5 g/t 1
34.00 34.40 0.40 7.9 3.2 0.4m @ 7.9 g/t 1
58.00 60.00 2.00 1.8 3.6 2.0m @ 1.8 g/t 1
Incl 59.00 60.00 1.00 3.0 3.0 1.0m @ 3.0 g/t 2
RIVERINA RGC24021
RGC24021
RGC24021
299
285
-35
39
UGD
6706426
264496
3.00 4.00 1.00 9.2 9.2 1.0m @ 9.2 g/t 1
11.00 12.00 1.00 1.2 1.2 1.0m @ 1.2 g/t 1
14.87 18.90 4.03 83.8 337.6 4.0m @ 83.8 g/t 1
RIVERINA RGC24022
RGC24022
RGC24022
303
265
57
36
UGD
6706425
264497
0.00 1.00 1.00 2.2 2.2 1.0m @ 2.2 g/t 1
13.00 18.00 5.00 7.3 36.6 5.0m @ 7.3 g/t 1
Incl 13.00 17.25 4.25 8.3 35.5 4.3m @ 8.3 g/t 2
RIVERINA RGC24023
RGC24023
RGC24023
299
217
-26
57
UGD
6706423
264497
12.64 18.00 5.36 4.1 22.2 5.4m @ 4.1 g/t 1
Incl 12.64 16.23 3.59 5.8 20.8 3.6m @ 5.8 g/t 2
21.00 22.00 1.00 1.3 1.3 1.0m @ 1.3 g/t 1
RIVERINA RGC24024 303
206
47
50
UGD
6706425
264498
20.00 23.60 3.60 1.2 4.3 3.6m @ 1.2 g/t 1
RIVERINA RGC24025 299
237
-30
51
UGD
6706404
264501
12.02 13.80 1.78 6.9 12.4 1.8m @ 6.9 g/t 1
RIVERINA RGC24026 303
225
49
68
UGD
6706405
264501
N.S.I. 1
RIVERINA RGC24027 299
224
-27
49
UGD
6706395
264502
12.55 13.00 0.45 1.9 0.9 0.5m @ 1.9 g/t 1
RIVERINA RGC24028 303
215
48
69
UGD
6706395
264502
N.S.I. 1
RIVERINA RGC24029 300
197
-14
78
UGD
6706383
264502
63.36 63.77 0.41 1.5 0.6 0.4m @ 1.5 g/t 1
RIVERINA RGC24030
RGC24030
301
195
32
96
UGD
6706384
264503
5.00 9.00 4.00 7.0 28.0 4.0m @ 7.0 g/t 1
Incl 6.00 9.00 3.00 8.9 26.6 3.0m @ 8.9 g/t 2
RIVERINA RGC24031 340
273
-13
144
UGD
6706863
264558
N.S.I. 1
RIVERINA RGC24032 339
280
-22
150
UGD
6706863
264558
N.S.I. 1
RIVERINA RGC24033 340
282
-11
138
UGD
6706863
264558
N.S.I. 1
RIVERINA RGC24034 340
289
-11
150
UGD
6706864
264558
N.S.I. 1
RIVERINA RGC24036
RGC24036
RGC24036
RGC24036
RGC24036
RGC24036
RGC24036
RGC24036
RGC24036
RGC24036
RGC24036
332
290
0
174
UGD
6706922
264563
39.50 40.00 0.50 1.9 1.0 0.5m @ 1.9 g/t 1
55.00 56.00 1.00 1.5 1.5 1.0m @ 1.5 g/t 1
70.70 74.54 3.84 5.9 22.6 3.8m @ 5.9 g/t 1
Incl 71.10 73.00 1.90 10.8 20.5 1.9m @ 10.8 g/t 2
78.50 78.89 0.39 7.1 2.8 0.4m @ 7.1 g/t 1
100.00 105.00 5.00 1.9 9.3 5.0m @ 1.9 g/t 1
Incl 100.00 101.00 1.00 5.5 5.5 1.0m @ 5.5 g/t 2
Incl 104.00 105.00 1.00 2.4 2.4 1.0m @ 2.4 g/t 2
112.33 112.82 0.49 4.7 2.3 0.5m @ 4.7 g/t 1
116.00 117.00 1.00 1.7 1.7 1.0m @ 1.7 g/t 1
153.00 155.00 2.00 1.5 2.9 2.0m @ 1.5 g/t 1
RIVERINA RGC24036R
RGC24036R
RGC24036R
RGC24036R
RGC24036R
RGC24036R
RGC24036R
330
294
-3
160
UGD
6706926
264564
35.55 38.00 2.45 1.2 3.0 2.5m @ 1.2 g/t 1
51.00 52.00 1.00 1.0 1.0 1.0m @ 1.0 g/t 1
72.07 75.00 2.93 1.0 3.0 2.9m @ 1.0 g/t 1
Incl 72.07 72.47 0.40 2.1 0.8 0.4m @ 2.1 g/t 2
80.50 80.80 0.30 3.2 1.0 0.3m @ 3.2 g/t 1
109.00 110.00 1.00 1.9 1.9 1.0m @ 1.9 g/t 1
145.90 146.20 0.30 14.5 4.3 0.3m @ 14.5 g/t 1

17

Project Hole ID MGA
North
MGA East RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval Cut-off
RIVERINA RGC24052 6706436 264484 303 65 46 72 UGD 9.00 10.00 1.00 4.1 4.1 1.0m @ 4.1 g/t 1
RGC24052 14.00 26.00 12.00 4.1 48.6 12.0m @ 4.1 g/t 1
RGC24052 Incl 14.00 24.50 10.50 4.5 46.8 10.5m @ 4.5 g/t 2
RGC24052 50.88 51.50 0.62 2.2 1.4 0.6m @ 2.2 g/t 1
RIVERINA RGC24053 6706436 264484 303 127 38 66 UGD N.S.I. 1
RIVERINA RGC24054 6706438 264485 299 16 -19 83 UGD 25.00 26.00 1.00 5.7 5.7 1.0m @ 5.7 g/t 1
RGC24054 37.70 39.36 1.66 10.1 16.7 1.7m @ 10.0 g/t 1
RGC24054 Incl 38.05 39.06 1.01 15.5 15.7 1.0m @ 15.5 g/t 2
RGC24054 41.00 42.00 1.00 2.2 2.2 1.0m @ 2.2 g/t 1
RIVERINA RGC24055 6706436 264485 299 69 -40 51 UGD 0.00 1.00 1.00 1.0 1.0 1.0m @ 1.0 g/t 1
RGC24055 18.06 19.20 1.14 3.3 3.7 1.1m @ 3.3 g/t 1
RGC24055 46.40 46.70 0.30 14.9 4.5 0.3m @ 14.9 g/t 1
RIVERINA RGC24056 6706419 264488 301 145 23 75 UGD 3.70 5.00 1.30 1.3 1.7 1.3m @ 1.3 g/t 1
RIVERINA RGC24057 6706420 264488 299 109 -34 42 UGD 12.42 16.41 3.99 4.9 19.4 4.0m @ 4.9 g/t 1
RGC24057 Incl 12.42 16.00 3.58 5.2 18.7 3.6m @ 5.2 g/t 2
RGC24057 40.00 41.00 1.00 1.1 1.1 1.0m @ 1.1 g/t 1
RIVERINA RGC24058 6706421 264488 299 155 -14 93 UGD N.S.I. 1
RIVERINA RGC24065 6706863 264558 339 231 -11 137 UGD N.S.I. 1
RIVERINA RGC24066 6706863 264558 339 249 -11 132 UGD N.S.I. 1
RIVERINA RGC24089 6706785 264589 339 203 -26 125 UGD 43.00 44.00 1.00 1.6 1.6 1.0m @ 1.6 g/t 1
RGC24089 52.00 52.85 0.85 4.1 3.4 0.9m @ 4.1 g/t 1
RGC24089 57.00 63.60 6.60 2.0 13.4 6.6m @ 2.0 g/t 1
RGC24089 Incl 60.00 62.45 2.45 3.8 9.3 2.5m @ 3.8 g/t 2
RGC24089 67.80 69.55 1.75 2.9 5.1 1.8m @ 2.9 g/t 1
RGC24089 79.30 79.60 0.30 1.6 0.5 0.3m @ 1.6 g/t 1
RGC24089 103.22 111.63 8.41 1.6 13.3 8.4m @ 1.6 g/t 1
RGC24089 Incl 105.00 109.85 4.85 2.0 9.9 4.9m @ 2.0 g/t 2
RGC24089 116.83 117.70 0.87 3.7 3.2 0.9m @ 3.7 g/t 1
RGC24089 124.00 125.30 1.30 1.7 2.2 1.3m @ 1.7 g/t 1
RGC24089 Incl 124.00 124.35 0.35 3.3 1.1 0.4m @ 3.3 g/t 2
RIVERINA RGC24090 6706785 264589 339 216 -30 138 UGD 29.00 29.46 0.46 14.3 6.6 0.5m @ 14.3 g/t 1
RGC24090 31.54 33.00 1.46 1.7 2.6 1.5m @ 1.7 g/t 1
RGC24090 36.00 38.07 2.07 1.8 3.7 2.1m @ 1.8 g/t 1
RGC24090 Incl 36.00 37.00 1.00 2.4 2.4 1.0m @ 2.4 g/t 2
RGC24090 Incl 37.50 38.07 0.57 2.2 1.2 0.6m @ 2.2 g/t 2
RGC24090 41.09 45.26 4.17 1.1 4.4 4.2m @ 1.1 g/t 1
RGC24090 Incl 43.77 44.07 0.30 3.1 0.9 0.3m @ 3.1 g/t 2
RGC24090 49.30 50.00 0.70 2.0 1.4 0.7m @ 2.0 g/t 1
RGC24090 53.00 54.00 1.00 1.4 1.4 1.0m @ 1.4 g/t 1
RGC24090 65.00 73.00 8.00 1.2 9.7 8.0m @ 1.2 g/t 1
RGC24090 Incl 66.00 67.00 1.00 2.4 2.4 1.0m @ 2.4 g/t 2
RGC24090 Incl 72.00 73.00 1.00 2.0 2.0 1.0m @ 2.0 g/t 2
RGC24090 84.00 87.40 3.40 8.1 27.7 3.4m @ 8.1 g/t 1 18
RGC24090 Incl 84.60 86.30 1.70 14.9 25.4 1.7m @ 14.9 g/t 2
RGC24090 92.36 93.81 1.45 3.6 5.3 1.5m @ 3.6 g/t 1
RGC24090 104.00 105.00 1.00 3.2 3.2 1.0m @ 3.2 g/t 1
RGC24090 113.76 114.06 0.30 1.4 0.4 0.3m @ 1.4 g/t 1
RGC24090 115.30 115.60 0.30 1.0 0.3 0.3m @ 1.0 g/t 1
RGC24090 119.00 119.40 0.40 1.2 0.5 0.4m @ 1.2 g/t 1
RGC24090 121.77 127.00 5.23 1.7 8.8 5.2m @ 1.7 g/t 1
RGC24090 Incl 121.77 124.00 2.23 2.5 5.6 2.2m @ 2.5 g/t 2
RIVERINA RGC24091 6706784 264589 338 198 -42 160 UGD 61.27 66.00 4.73 6.1 28.8 4.7m @ 6.1 g/t 1
RGC24091 Incl 61.27 62.10 0.83 24.0 19.9 0.8m @ 24.0 g/t 2
RGC24091 Incl 64.60 66.00 1.40 4.7 6.6 1.4m @ 4.7 g/t 2
RGC24091 70.00 79.00 9.00 8.4 75.6 9.0m @ 8.4 g/t 1
RGC24091 Incl 73.75 76.00 2.25 31.5 70.9 2.3m @ 31.5 g/t 2
RGC24091 91.00 92.00 1.00 1.1 1.1 1.0m @ 1.1 g/t 1
RGC24091 112.75 114.00 1.25 1.3 1.6 1.3m @ 1.3 g/t 1
RGC24091 120.00 121.00 1.00 1.1 1.1 1.0m @ 1.1 g/t 1
RGC24091 122.00 123.00 1.00 1.2 1.2 1.0m @ 1.2 g/t 1
RGC24091 138.60 143.33 4.73 7.9 37.2 4.7m @ 7.9 g/t 1
RGC24091 Incl 139.00 143.33 4.33 8.5 36.7 4.3m @ 8.5 g/t 2
~~1~~8
Project Hole ID MGA
North
MGA East RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval Cut-off
RIVERINA RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
RGC24092
339
217
-42
149
UGD
6706785
264589
29.00 31.00 2.00 2.6 5.2 2.0m @ 2.6 g/t 1
Incl 30.00 31.00 1.00 3.9 3.9 1.0m @ 3.9 g/t 2
34.00 35.00 1.00 3.9 3.9 1.0m @ 3.9 g/t 1
Incl 34.00 34.48 0.48 6.9 3.3 0.5m @ 6.9 g/t 2
39.64 44.70 5.06 6.1 30.6 5.1m @ 6.1 g/t 1
Incl 39.64 44.00 4.36 6.8 29.6 4.4m @ 6.8 g/t 2
47.48 49.00 1.52 1.6 2.5 1.5m @ 1.6 g/t 1
Incl 47.48 48.00 0.52 2.8 1.4 0.5m @ 2.8 g/t 2
52.00 53.96 1.96 3.2 6.3 2.0m @ 3.2 g/t 1
Incl 52.00 53.00 1.00 5.0 5.0 1.0m @ 5.0 g/t 2
95.70 100.55 4.85 2.3 11.1 4.9m @ 2.3 g/t 1
124.00 125.00 1.00 2.3 2.3 1.0m @ 2.3 g/t 1
129.00 130.00 1.00 2.0 2.0 1.0m @ 2.0 g/t 1
137.00 140.52 3.52 4.7 16.7 3.5m @ 4.7 g/t 1
Incl 139.00 140.52 1.52 9.5 14.5 1.5m @ 9.5 g/t 2
145.00 147.00 2.00 1.7 3.4 2.0m @ 1.7 g/t 1
RIVERINA RGC24093
RGC24093
RGC24093
RGC24093
RGC24093
RGC24093
RGC24093
RGC24093
RGC24093
RGC24093
RGC24093
339
227
-47
141
UGD
6706785
264589
30.75 31.05 0.30 1.9 0.6 0.3m @ 1.9 g/t 1
36.20 37.00 0.80 2.1 1.7 0.8m @ 2.1 g/t 1
39.00 42.65 3.65 1.5 5.5 3.7m @ 1.5 g/t 1
Incl 40.00 40.55 0.55 2.6 1.4 0.6m @ 2.6 g/t 2
Incl 41.00 41.85 0.85 2.0 1.7 0.9m @ 2.0 g/t 2
91.70 94.15 2.45 5.5 13.6 2.5m @ 5.5 g/t 1
Incl 92.95 94.15 1.20 9.4 11.3 1.2m @ 9.4 g/t 2
97.85 98.60 0.75 1.2 0.9 0.8m @ 1.2 g/t 1
111.00 111.45 0.45 2.6 1.2 0.5m @ 2.6 g/t 1
125.00 130.75 5.75 4.5 25.7 5.8m @ 4.5 g/t 1
139.00 140.00 1.00 5.7 5.7 1.0m @ 5.7 g/t 1
RIVERINA RGC24094
RGC24094
RGC24094
RGC24094
RGC24094
RGC24094
RGC24094
RGC24094
339
238
-43
120
UGD
6706785
264589
26.21 27.00 0.79 2.5 2.0 0.8m @ 2.5 g/t 1
31.50 35.80 4.30 2.0 8.7 4.3m @ 2.0 g/t 1
Incl 32.50 35.00 2.50 2.8 7.0 2.5m @ 2.8 g/t 2
78.64 79.00 0.36 5.2 1.9 0.4m @ 5.2 g/t 1
96.00 97.00 1.00 1.2 1.2 1.0m @ 1.2 g/t 1
106.00 111.00 5.00 1.6 8.0 5.0m @ 1.6 g/t 1
Incl 106.00 108.95 2.95 2.1 6.3 3.0m @ 2.1 g/t 2
113.95 114.26 0.31 1.3 0.4 0.3m @ 1.3 g/t 1
RIVERINA RGC24095
RGC24095
RGC24095
RGC24095
RGC24095
RGC24095
RGC24095
RGC24095
RGC24095
RGC24095
RGC24095
339
238
-51
135
UGD
6706785
264589
32.85 38.20 5.35 1.4 7.3 5.4m @ 1.4 g/t 1
Incl 33.60 34.00 0.40 2.2 0.9 0.4m @ 2.2 g/t 2
Incl 36.45 37.00 0.55 4.3 2.4 0.6m @ 4.3 g/t 2
50.15 50.50 0.35 1.3 0.5 0.4m @ 1.3 g/t 1
85.90 90.00 4.10 3.5 14.3 4.1m @ 3.5 g/t 1
92.45 93.55 1.10 13.8 15.2 1.1m @ 13.8 g/t 1
Incl 93.00 93.55 0.55 26.2 14.4 0.6m @ 26.2 g/t 2
104.90 105.50 0.60 27.9 16.7 0.6m @ 27.9 g/t 1
113.55 114.00 0.45 1.9 0.8 0.5m @ 1.9 g/t 1
122.40 123.30 0.90 3.5 3.2 0.9m @ 3.5 g/t 1
126.75 128.55 1.80 2.7 4.9 1.8m @ 2.7 g/t 1
RIVERINA RGC24096
RGC24096
RGC24096
RGC24096
RGC24096
RGC24096
RGC24096
RGC24096
RGC24096
RGC24096
RGC24096
338
299
-49
132
UGD
6706785
264589
19.00 21.00 2.00 2.4 4.8 2.0m @ 2.4 g/t 1
Incl 20.00 21.00 1.00 3.5 3.5 1.0m @ 3.5 g/t 2
30.84 31.14 0.30 1.2 0.4 0.3m @ 1.2 g/t 1
32.63 34.25 1.62 1.6 2.6 1.6m @ 1.6 g/t 1
35.40 38.00 2.60 1.6 4.0 2.6m @ 1.6 g/t 1
Incl 37.00 38.00 1.00 2.8 2.8 1.0m @ 2.8 g/t 2
85.36 85.66 0.30 16.5 5.0 0.3m @ 16.5 g/t 1
89.00 89.50 0.50 1.1 0.6 0.5m @ 1.1 g/t 1
114.86 115.28 0.42 1.4 0.6 0.4m @ 1.4 g/t 1
120.62 120.92 0.30 4.9 1.5 0.3m @ 4.9 g/t 1
122.63 123.33 0.70 8.6 6.0 0.7m @ 8.6 g/t 1

19

Project Hole ID MGA
North
MGA East RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval Cut-off
RIVERINA RGC24097
RGC24097
RGC24097
RGC24097
RGC24097
RGC24097
RGC24097
RGC24097
RGC24097
338
302
-37
123
UGD
6706785
264589
27.85 34.00 6.15 1.1 6.9 6.2m @ 1.1 g/t 1
Incl 33.30 34.00 0.70 2.2 1.5 0.7m @ 2.2 g/t 2
71.00 72.00 1.00 1.4 1.4 1.0m @ 1.4 g/t 1
76.90 77.30 0.40 1.3 0.5 0.4m @ 1.3 g/t 1
80.00 81.00 1.00 1.1 1.1 1.0m @ 1.1 g/t 1
107.50 108.15 0.65 1.9 1.2 0.7m @ 1.9 g/t 1
110.90 114.00 3.10 1.5 4.6 3.1m @ 1.5 g/t 1
Incl 110.90 111.30 0.40 6.9 2.7 0.4m @ 6.9 g/t 2
120.40 122.00 1.60 7.9 12.7 1.6m @ 7.9 g/t 1
RIVERINA RGC24098
RGC24098
RGC24098
RGC24098
RGC24098
RGC24098
RGC24098
339
309
-45
144
UGD
6706785
264589
29.90 37.95 8.05 3.7 29.8 8.1m @ 3.7 g/t 1
Incl 29.90 30.95 1.05 11.1 11.6 1.1m @ 11.1 g/t 2
Incl 35.50 37.95 2.45 5.2 12.8 2.5m @ 5.2 g/t 2
40.50 41.00 0.50 4.0 2.0 0.5m @ 4.0 g/t 1
92.00 92.50 0.50 1.6 0.8 0.5m @ 1.6 g/t 1
122.00 123.00 1.00 1.9 1.9 1.0m @ 1.9 g/t 1
130.90 131.20 0.30 20.8 6.2 0.3m @ 20.8 g/t 1
RIVERINA RGC24099
RGC24099
RGC24099
RGC24099
RGC24099
RGC24099
RGC24099
RGC24099
339
316
-42
155
UGD
6706785
264589
29.68 29.98 0.30 2.5 0.8 0.3m @ 2.5 g/t 1
32.78 40.12 7.34 2.0 14.5 7.3m @ 2.0 g/t 1
Incl 39.45 40.12 0.67 10.4 7.0 0.7m @ 10.4 g/t 2
44.00 45.00 1.00 1.2 1.2 1.0m @ 1.2 g/t 1
98.70 100.47 1.77 26.0 46.0 1.8m @ 26.0 g/t 1
Incl 98.70 100.00 1.30 35.0 45.5 1.3m @ 35.0 g/t 2
119.00 120.00 1.00 1.5 1.5 1.0m @ 1.5 g/t 1
128.00 129.00 1.00 1.1 1.1 1.0m @ 1.1 g/t 1
RIVERINA RGC24100
RGC24100
RGC24100
RGC24100
RGC24100
RGC24100
339
306
-28
114
UGD
6706785
264589
25.80 26.60 0.80 3.7 2.9 0.8m @ 3.7 g/t 1
29.25 34.25 5.00 2.0 9.9 5.0m @ 2.0 g/t 1
Incl 30.00 30.30 0.30 2.5 0.7 0.3m @ 2.5 g/t 2
Incl 32.50 33.85 1.35 4.8 6.5 1.4m @ 4.8 g/t 2
104.75 105.05 0.30 4.7 1.4 0.3m @ 4.7 g/t 1
107.40 108.00 0.60 1.2 0.7 0.6m @ 1.2 g/t 1
RIVERINA RVDD22051 430
266
-53
244
DDH
6706716
264623
N.S.I. 1
RIVERINA RVDD23022 430
273
-54
216
DDH
6706708
264606
N.S.I. 1
RIVERINA RVDD23023 430
268
-52
204
DDH
6706692
264599
130.00 131.00 1.00 1.2 1.2 1.0m @ 1.2 g/t 1

20

SAND KING

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval Cut-off
SIBERIA NORTH SKDD23009A
SKDD23009A
SKDD23009A
SKDD23009A
SKDD23009A
SKDD23009A
425
177
-66
230
DDH
6656328 304076
132.00 133.00 1.00 5.7 5.7 1.0m @ 5.7 g/t 1
141.89 143.04 1.15 8.6 9.9 1.2m @ 8.6 g/t 1
155.41 156.12 0.71 7.5 5.3 0.7m @ 7.5 g/t 1
174.50 178.84 4.34 7.0 30.3 4.3m @ 7.0 g/t 1
196.65 197.25 0.60 5.4 3.2 0.6m @ 5.4 g/t 1
199.86 200.85 0.99 1.1 1.1 1.0m @ 1.1 g/t 1
SIBERIA NORTH SKDD23018
SKDD23018
SKDD23018
421
179
-55
257
DDH
6656269 303955
191.74 203.02 11.28 4.0 44.8 11.3m @ 4.0 g/t 1
Incl 191.74 194.14 2.40 8.6 20.5 2.4m @ 8.5 g/t 2
Incl 196.29 203.02 6.73 3.4 22.6 6.7m @ 3.4 g/t 2
SIBERIA NORTH SKDD23020
SKDD23020
SKDD23020
SKDD23020
420
179
-52
282
DDH
6656279 303936
205.77 206.79 1.02 2.3 2.4 1.0m @ 2.3 g/t 1
231.10 232.20 1.10 3.1 3.4 1.1m @ 3.1 g/t 1
236.17 240.40 4.23 3.7 15.8 4.2m @ 3.7 g/t 1
Incl 236.84 240.40 3.56 4.1 14.5 3.6m @ 4.1 g/t 2
SIBERIA NORTH SKDD23022 419
176
-48
261
DDH
6656226 303895
N.S.I. 1
SIBERIA NORTH SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
SKDD23026B
419
204
-50
528
DDH
6656190 303831
181.91 184.65 2.74 2.7 7.5 2.7m @ 2.7 g/t 1
248.25 249.21 0.96 4.8 4.6 1.0m @ 4.8 g/t 1
283.00 285.69 2.69 1.7 4.5 2.7m @ 1.7 g/t 1
Incl 283.00 283.60 0.60 2.4 1.5 0.6m @ 2.4 g/t 2
Incl 284.00 284.63 0.63 2.0 1.3 0.6m @ 2.0 g/t 2
Incl 284.95 285.25 0.30 2.7 0.8 0.3m @ 2.7 g/t 2
319.15 320.28 1.13 2.2 2.5 1.1m @ 2.2 g/t 1
324.46 324.97 0.51 4.1 2.1 0.5m @ 4.1 g/t 1
332.01 332.60 0.59 2.3 1.3 0.6m @ 2.3 g/t 1
338.00 340.65 2.65 3.4 9.1 2.7m @ 3.4 g/t 1
357.19 357.84 0.65 1.6 1.0 0.7m @ 1.6 g/t 1
365.30 367.28 1.98 7.2 14.3 2.0m @ 7.2 g/t 1
413.00 414.95 1.95 9.7 18.9 2.0m @ 9.7 g/t 1
SIBERIA NORTH SKDD23027
SKDD23027
SKDD23027
SKDD23027
SKDD23027
SKDD23027
SKDD23027
SKDD23027
SKDD23027
SKDD23027
415
175
-42
281
DDH
6656025 303632
106.70 108.37 1.67 4.5 7.6 1.7m @ 4.5 g/t 1
Incl 106.70 108.00 1.30 5.4 7.1 1.3m @ 5.4 g/t 2
139.05 141.60 2.55 11.5 29.3 2.6m @ 11.5 g/t 1
179.49 181.50 2.01 1.6 3.2 2.0m @ 1.6 g/t 1
Incl 180.50 181.50 1.00 2.8 2.8 1.0m @ 2.8 g/t 2
184.90 185.61 0.71 4.3 3.1 0.7m @ 4.3 g/t 1
199.00 201.70 2.70 2.7 7.4 2.7m @ 2.7 g/t 1
Incl 199.00 199.85 0.85 7.5 6.3 0.9m @ 7.5 g/t 2
214.05 214.78 0.73 5.9 4.3 0.7m @ 5.9 g/t 1
221.25 222.33 1.08 8.0 8.7 1.1m @ 8.0 g/t 1
SIBERIA NORTH SKDD23029
SKDD23029
SKDD23029
SKDD23029
411
181
-53
315
DDH
6655967 303556
216.37 218.41 2.04 11.3 23.1 2.0m @ 11.3 g/t 1
264.18 264.90 0.72 1.9 1.4 0.7m @ 1.9 g/t 1
Incl 264.18 264.60 0.42 2.2 0.9 0.4m @ 2.2 g/t 2
279.49 284.00 4.51 4.8 21.8 4.5m @ 4.8 g/t 1
SIBERIA NORTH SKDD23030A 412
356
-46
341
DDH
6655706 303636
99.07 100.12 1.05 5.9 6.2 1.1m @ 5.9 g/t 1
SIBERIA NORTH SKDD23031 425
176
-66
272
DDH
6656339 304055
213.70 223.00 9.30 4.5 41.4 9.3m @ 4.5 g/t 1
SIBERIA NORTH SKDD23032
SKDD23032
SKDD23032
SKDD23032
SKDD23032
SKDD23032
SKDD23032
SKDD23032
419
183
-58
288
DDH
6656227 303895
177.47 180.82 3.35 3.2 10.7 3.4m @ 3.2 g/t 1
183.81 184.49 0.68 2.9 2.0 0.7m @ 2.9 g/t 1
210.19 212.55 2.36 2.7 6.4 2.4m @ 2.7 g/t 1
Incl 210.76 212.55 1.79 3.1 5.5 1.8m @ 3.1 g/t 2
221.59 223.13 1.54 6.8 10.5 1.5m @ 6.8 g/t 1
228.47 235.81 7.34 4.0 29.4 7.3m @ 4.0 g/t 1
Incl 228.47 229.62 1.15 7.9 9.0 1.2m @ 7.9 g/t 2
Incl 233.47 235.81 2.34 8.0 18.6 2.3m @ 8.0 g/t 2
SIBERIA NORTH SKDD23034
SKDD23034
416
183
-53
342
DDH
6656047 303653
155.13 155.89 0.76 1.5 1.1 0.8m @ 1.5 g/t 1
182.23 184.32 2.09 8.1 16.9 2.1m @ 8.1 g/t 1

21

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval Cut-off
SIBERIA NORTH SKDD23035
SKDD23035
SKDD23035
SKDD23035
413
186
-63
370
DDH
6656004 303610
285.00 286.73 1.73 4.6 7.9 1.7m @ 4.6 g/t 1
295.50 297.51 2.01 1.3 2.5 2.0m @ 1.3 g/t 1
Incl 295.50 296.00 0.50 3.4 1.7 0.5m @ 3.4 g/t 2
317.00 320.80 3.80 4.2 16.1 3.8m @ 4.2 g/t 1
SIBERIA NORTH SKDD23037B
SKDD23037B
SKDD23037B
SKDD23037B
SKDD23037B
SKDD23037B
SKDD23037B
SKDD23037B
SKDD23037B
SKDD23037B
SKDD23037B
SKDD23037B
411
177
-59
379
DDH
6655974 303570
150.00 151.00 1.00 1.1 1.1 1.0m @ 1.1 g/t 1
233.00 234.00 1.00 1.3 1.3 1.0m @ 1.3 g/t 1
236.35 238.24 1.89 3.2 6.1 1.9m @ 3.2 g/t 1
Incl 236.35 236.95 0.60 6.8 4.1 0.6m @ 6.8 g/t 2
258.94 260.00 1.06 3.9 4.1 1.1m @ 3.9 g/t 1
Incl 258.94 259.63 0.69 5.1 3.5 0.7m @ 5.1 g/t 2
262.44 264.09 1.65 1.9 3.1 1.7m @ 1.9 g/t 1
Incl 262.44 262.93 0.49 2.0 1.0 0.5m @ 2.0 g/t 2
Incl 263.61 264.09 0.48 3.8 1.8 0.5m @ 3.8 g/t 2
273.07 283.77 10.70 3.4 36.2 10.7m @ 3.4 g/t 1
Incl 274.28 283.07 8.79 3.8 33.6 8.8m @ 3.8 g/t 2
318.35 319.00 0.65 1.4 0.9 0.7m @ 1.4 g/t 1
SIBERIA NORTH SKDD23044 411
171
-70
270
DDH
6655971 303563
N.S.I. 1
SIBERIA NORTH SKDD23046
SKDD23046
SKDD23046
SKDD23046
SKDD23046
426
182
-66
227
DDH
6656368 304104
94.60 97.25 2.65 1.8 4.7 2.7m @ 1.8 g/t 1
Incl 95.12 95.46 0.34 4.8 1.6 0.3m @ 4.8 g/t 2
103.00 104.00 1.00 9.2 9.2 1.0m @ 9.2 g/t 1
177.79 178.16 0.37 54.7 20.2 0.4m @ 54.7 g/t 1
226.00 226.92 0.92 5.3 4.9 0.9m @ 5.3 g/t 1
SIBERIA NORTH SKDD23051 423
167
-65
504
DDH
6656391 303935
454.00 454.60 0.60 1.0 0.6 0.6m @ 1.0 g/t 1
SIBERIA NORTH SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
SKDD23052
426
171
-63
427
DDH
6656465 304044
81.00 82.00 1.00 3.6 3.6 1.0m @ 3.6 g/t 1
101.00 102.06 1.06 1.2 1.3 1.1m @ 1.2 g/t 1
104.38 104.74 0.36 1.1 0.4 0.4m @ 1.1 g/t 1
150.16 150.51 0.35 1.6 0.5 0.4m @ 1.6 g/t 1
177.41 184.17 6.76 7.9 53.6 6.8m @ 7.9 g/t 1
232.77 235.07 2.30 5.1 11.8 2.3m @ 5.1 g/t 1
242.46 244.04 1.58 11.8 18.6 1.6m @ 11.8 g/t 1
Incl 242.85 243.50 0.65 26.7 17.4 0.7m @ 26.7 g/t 2
246.63 247.25 0.62 13.1 8.1 0.6m @ 13.1 g/t 1
250.80 251.41 0.61 3.2 2.0 0.6m @ 3.2 g/t 1
291.00 293.70 2.70 1.6 4.3 2.7m @ 1.6 g/t 1
Incl 291.00 292.57 1.57 2.2 3.5 1.6m @ 2.2 g/t 2
Incl 293.39 293.70 0.31 2.6 0.8 0.3m @ 2.6 g/t 2
344.22 346.75 2.53 7.0 17.7 2.5m @ 7.0 g/t 1
356.13 359.60 3.47 5.0 17.3 3.5m @ 5.0 g/t 1
Incl 356.43 359.60 3.17 5.3 16.8 3.2m @ 5.3 g/t 2
SIBERIA NORTH SKDD23053
SKDD23053
SKDD23053
SKDD23053
SKDD23053
SKDD23053
425
138
-61
451
DDH
6656466 304097
77.00 79.00 2.00 1.7 3.4 2.0m @ 1.7 g/t 1
Incl 77.00 77.25 0.25 4.5 1.1 0.3m @ 4.5 g/t 2
216.00 217.00 1.00 1.3 1.3 1.0m @ 1.3 g/t 1
220.00 223.00 3.00 4.2 12.5 3.0m @ 4.2 g/t 1
Incl 220.00 222.50 2.50 4.6 11.5 2.5m @ 4.6 g/t 2
284.55 291.90 7.35 4.5 33.0 7.4m @ 4.5 g/t 1
SIBERIA NORTH SKRC23002 350
160
-64
102
RC
6655956 303763
35.00 36.00 1.00 1.0 1.0 1.0m @ 1.0 g/t 1
SIBERIA NORTH SKRC23003
SKRC23003
SKRC23003
SKRC23003
350
150
-73
118
RC
6655956 303765
46.00 47.00 1.00 7.3 7.3 1.0m @ 7.3 g/t 1
52.00 55.00 3.00 1.9 5.6 3.0m @ 1.9 g/t 1
Incl 54.00 55.00 1.00 2.9 2.9 1.0m @ 2.9 g/t 2
96.00 97.00 1.00 1.0 1.0 1.0m @ 1.0 g/t 1
SIBERIA NORTH SKRC23008 350
290
-51
60
RC
6655975 303760
9.00 18.00 9.00 4.3 38.8 9.0m @ 4.3 g/t 1
SIBERIA NORTH SKRC23009
SKRC23009
350
278
-76
96
RC
6655973 303758
48.00 49.00 1.00 1.0 1.0 1.0m @ 1.0 g/t 1
68.00 72.00 4.00 17.4 69.7 4.0m @ 17.4 g/t 1
SIBERIA NORTH SKRC23010
SKRC23010
SKRC23010
SKRC23010
SKRC23010
SKRC23010
SKRC23010
350
276
-51
60
RC
6655970 303755
0.00 4.00 4.00 7.6 30.6 4.0m @ 7.6 g/t 1
Incl 0.00 3.00 3.00 9.7 29.0 3.0m @ 9.7 g/t 2
12.00 13.00 1.00 1.5 1.5 1.0m @ 1.5 g/t 1
42.00 46.00 4.00 2.5 9.9 4.0m @ 2.5 g/t 1
Incl 42.00 44.00 2.00 3.9 7.8 2.0m @ 3.9 g/t 2
50.00 51.00 1.00 4.3 4.3 1.0m @ 4.3 g/t 1
54.00 55.00 1.00 5.2 5.2 1.0m @ 5.2 g/t 1

22

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval Cut-off
SIBERIA NORTH SKRC23012
SKRC23012
350
244
-51
36
RC
6655966 303751
21.00 29.00 8.00 7.1 57.2 8.0m @ 7.1 g/t 1
Incl 21.00 28.00 7.00 8.0 56.1 7.0m @ 8.0 g/t 2
SIBERIA NORTH SKRC23013 350
250
-74
72
RC
6655966 303757
32.00 33.00 1.00 1.3 1.3 1.0m @ 1.3 g/t 1
SIBERIA NORTH SKRC23013A
SKRC23013A
350
238
-75
72
RC
6655967 303761
40.00 47.00 7.00 2.7 18.8 7.0m @ 2.7 g/t 1
Incl 40.00 43.00 3.00 4.6 13.8 3.0m @ 4.6 g/t 2
SIBERIA NORTH SKRC23014
SKRC23014
SKRC23014
SKRC23014
350
224
-75
54
RC
6655961 303750
0.00 2.00 2.00 4.5 9.0 2.0m @ 4.5 g/t 1
Incl 0.00 1.00 1.00 7.1 7.1 1.0m @ 7.1 g/t 2
30.00 54.00 24.00 10.3 246.4 24.0m @ 10.3 g/t 1
Incl 31.00 54.00 23.00 10.6 244.7 23.0m @ 10.6 g/t 2
SIBERIA NORTH SKRC23015
SKRC23015
SKRC23015
350
246
-49
51
RC
6655961 303753
14.00 24.00 10.00 8.2 82.2 10.0m @ 8.2 g/t 1
32.00 33.00 1.00 5.6 5.6 1.0m @ 5.6 g/t 1
44.00 46.00 2.00 7.5 14.9 2.0m @ 7.5 g/t 1
SIBERIA NORTH SKRC23016
SKRC23016
350
254
-49
36
RC
6655956 303748
10.00 12.00 2.00 10.0 20.0 2.0m @ 10.0 g/t 1
24.00 30.00 6.00 4.8 28.7 6.0m @ 4.8 g/t 1
SIBERIA NORTH SKRC23017
SKRC23017
SKRC23017
SKRC23017
350
247
-75
42
RC
6655956 303753
13.00 17.00 4.00 2.9 11.7 4.0m @ 2.9 g/t 1
Incl 13.00 16.00 3.00 3.3 9.8 3.0m @ 3.3 g/t 2
29.00 33.00 4.00 3.4 13.6 4.0m @ 3.4 g/t 1
Incl 29.00 32.00 3.00 4.0 12.1 3.0m @ 4.0 g/t 2
SIBERIA NORTH SKRC23018
SKRC23018
350
245
-49
36
RC
6655956 303758
28.00 29.00 1.00 1.3 1.3 1.0m @ 1.3 g/t 1
35.00 36.00 1.00 3.9 3.9 1.0m @ 3.9 g/t 1
SIBERIA NORTH SKRC23019
SKRC23019
350
247
-51
30
RC
6655951 303750
14.00 18.00 4.00 6.2 24.7 4.0m @ 6.2 g/t 1
21.00 27.00 6.00 6.8 40.6 6.0m @ 6.8 g/t 1
SIBERIA NORTH SKRC23020
SKRC23020
350
250
-75
48
RC
6655951 303755
22.00 23.00 1.00 1.0 1.0 1.0m @ 1.0 g/t 1
26.00 27.00 1.00 1.5 1.5 1.0m @ 1.5 g/t
1
SIBERIA NORTH SKRC23021 350
243
-51
42
RC
6655951 303760
N.S.I. 1
SIBERIA NORTH SKRC23022 350
245
-51
36
RC
6655946 303755
N.S.I. 1
SIBERIA NORTH SKRC23025
SKRC23025
350
179
-50
60
RC
6655959 303761
35.00 39.00 4.00 4.2 16.7 4.0m @ 4.2 g/t 1
52.00 53.00 1.00 1.6 1.6 1.0m @ 1.6 g/t 1

23

Appendix 2 - JORC CODE, 2012 EDITION – TABLE 1 REPORT TEMPLATE

Section 1 Sampling Techniques and Data - Riverina

Information for historical (Pre Ora Banda Mining Limited from 1996 and 2001) 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 Ora Banda Mining Limited has undertaken extensive infill and confirmation drilling which confirms historical drill results. Sections 1 and 2 describe the work undertaken by Ora Banda Mining 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 retrospectivity 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.

Greater Pacific Gold; Core sampling method unknown, assumed to be cut half core. RC sampling method unknown.
Analysis method unknown. However, work completed by accredited laboratories, Analabs and Genalysis.

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.

24


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.

Ora Banda Mining Limited (OBM) - 1m RC samples using face sampling hammer with samples collected under cone
splitter. 4m composite RC samples collected using a PVC spear from the sample piles at the drill site. For drilling
up to April 2020, RC samples were dispatched for pulverising and 50g charge Fire Assay. For drillholes RVRC20036 to
RVRC20104 inclusive, 1m and 4m composite samples were dispatched to the lab, crushed to a nominal 3mm, split
to 500 grams and analysed by Photon Assay method at MinAnalytical in Kalgoorlie. 4m composite samples with gold
values greater than 0.2 g/t Au were re-sampled as 1m split samples and submitted to the lab for Photon Assay
analysis. Half-core samples, cut by automated 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. For all
drilling in 2022, - 1m RC samples using face sampling hammer with samples collected under cone splitter. 4m
composite RC samples were taken outside of mineralised zone, collected using a scoop from the sample piles at
the drill site. 1m cone spilt samples were taken within the expected mineralised zones. Core sample intervals
selected by geologist and defined by geological boundaries. All samples were dispatched to the SGS laboratory at
the Davyhurst site for pulverising. Prepared samples were then despatched to SGS laboratories in Kalgoorlie for a
50g charge Fire Assay. Underground diamond drilling - Core sample intervals selected by geologist and defined by
geological boundaries. All samples were dispatched to the SGS laboratory at the Davyhurst site for pulverising.
Prepared samples were then despatched to SGS laboratories in Kalgoorlie for a 50g charge Fire Assay. Underground
face sample (rock chips by hammer) intervals selected by geologist and defined by geological boundaries. All
samples were dispatched to the SGS laboratory at the Davyhurst site for pulverising. Prepared samples were then
despatched to SGS laboratories in Kalgoorlie for a 50g charge Fire Assay.
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 Arronika 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 Drilling 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.

Greater Pacific Gold; Schramm RC Rig with face sampling hammer, 51/8” diameter. NQ core, Edson 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 rigfitted with a 2 inch (5.08cm) diameter blade. RAB holes were drilled by PJ and RM Kennedy usinga

25

Hydro RAB 50 drill rig mounted on a 4 wheel Hino truck with 600 cfm/200 PSI air capacity. A 51/4 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.

Ora Banda Mining Limited (OBM) – 5.25 to 5.5 inch diameter RC holes using face sampling hammer with samples
collected under cone splitter. HQ and HQ3 coring to approx. 40m, then NQ2 to BOH. Metallurgical and geotechnical
core holes drilled using HQ3 exclusively. All core oriented by reflex instrument. All core drilled in 2022 was
orientated by Axis instrument. Underground diamond drilling – NQ2 coring with standard tubing (triple tubing for
geotechnical), all core is oriented by Axis Champ Ori tool, rig alignment via DeviAligner tool, downhole surveys via
DeviGyro-Ox tool.
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 recoded 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.

Ora Banda Mining Limited (OBM - Diamond drill recoveries are recorded as a percentage calculated from measured
core against downhole drilled intervals (core blocks). Underground diamond drilling – Diamond drill recoveries are
recorded as a percentage calculated from measured core against metre marks and noted core loss blocks from
driller’s rod counts. Underground face sampling domains marked up, with chip samples taken along the sample
line per domain to reduce sampling bias.

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’ Bordata program. Qualitative: colour, weathering, minerals, grainsize, rock, structure,
alteration. Quantitative: alteration 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.

26


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.

Greater Pacific Gold; Qualitative logging of lithology, oxidation, alteration and veining.

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.

Ora Banda Mining Limited (OBM - Field logging was conducted using Geobank MobileTMsoftware on Panasonic
Toughbook CF-31 ruggedized laptop computers. Qualitative logging: Lithology, colour, oxidation, grainsize, texture,
structure, hardness, regolith. Quantitative: estimates are made of quartz veining, sulphide and alteration
percentages. Core photographed both wet and dry. Magnetic susceptibility and RQD were also recorded for core
holes. Underground diamond drilling – Qualitative logging: Lithology, texture, alteration, mineralisation/sulphides,
structure, veining. Quantitative: estimates are made of veining, sulphide and alteration percentages, RQD
measurements, core density measurements, core recovery per metre, fractures per metre. Core photographed
both wet and dry. Underground face sampling domain logging of lithology, veining, alteration,
mineralisation/sulphides with each face mapped and 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.

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, usinga 50mm diameter plastic pipe

27


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.
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 a good correlation 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.

28


Greater Pacific Gold; Sample preparation for RC and core sample unknown.

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 gram 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.

Ora Banda Mining Limited (OBM) – RC samples were submitted either as individual 1m samples taken onsite from
cone splitter or as 4m composite samples speared from the onsite drill sample piles. Half core samples, cut by
saw. Core sample intervals selected by geologist and defined by geological boundaries. For drilling up to April 2020,
RC samples were dried, crushed, split, pulverised and a 50gm charge taken. For drillholes RVRC20036 to RVRC20104
inclusive, 1m and 4m composite samples were dispatched to the lab, crushed to a nominal 3mm, split to 500
grams and analysed by Photon Assay method at MinAnalytical in Kalgoorlie. 4m composite samples with gold
values greater than 0.2 g/t Au were re-sampled as 1m split samples and submitted to the lab for Photon Assay
analysis. For all drilling in 2022, - RC samples were submitted either as individual samples taken from the onsite
cone splitter or as four metres composite samples taken by metal scoop. Core sample intervals selected by
geologist and defined by geological boundaries, cut by saw and submitted as half core. All samples were
dispatched to the SGS laboratory at the Davyhurst site for pulverising. Prepared samples were then despatched to
SGS laboratories in Kalgoorlie for a 50g charge Fire Assay (GO_FAP50V10). Field duplicates, blanks and standards
were submitted for QAQC analysis. Underground diamond drilling – Core sample intervals selected by geologist and
defined by geological boundaries, selected holes cut by saw and submitted as half core and remainder of holes are
whole-core sampled. All samples were dispatched to the SGS laboratory at the Davyhurst site for crushing and
pulverising. Prepared samples were then despatched to SGS laboratories in Kalgoorlie for a 50g charge Fire Assay
(GO_FAP50V10). Flushes, blanks and standards were submitted for QAQC analysis. Underground face samples as
per diamond drilling, including field duplicates, rock chip samples taken via hammer sampling per geology
domain.

29


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.

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.

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 Pty Ltd, Canning Vale Western Australia for gold
analysis by lead collection fire assay. Samples were also analysed for palladium 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 analysing 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

30

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.

Greater Pacific Gold; 1m RC samples submitted to Analabs for Au, Ag, Cu, Pb, Zn, As and Ni analysis. Core samples
submitted to Genalysis for Au, Ag, Cu, Pb, Zn, As and Ni analysis. Ore zone samples submitted to Minlab for re-assay.
Screen fire assay performed on ore zone pulps.

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 for gold using the aqua regia digest and AAS finish. For vacuum and RAB samples, about 1 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 pycnometer.

Ora Banda Mining Limited (OBM) – Up to April 2020, all samples were sent to an accredited laboratory (Nagrom
Laboratories in Perth, Intertek-Genalysis in Kalgoorlie or SGS in Kalgoorlie). The samples have been analysed by
firing a 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 1:12. Sizingresults (percentage of pulverised sample passinga 75μm mesh) are undertaken on

31

approximately 1 in 40 samples. The accuracy (standards) and precision (repeats) of assaying are acceptable. For
drillholes RVRC20036 to RVRC20104, 1m and 4m composite RC samples were sent to MinAnalytical Laboratory
Services in Kalgoorlie. Sample prep involves drying and a -3mm crush, of which 500 grams is linear split into assay
jars for analysis. Samples are analysed by the Photon assay method which utilises gamma radiation to excite the
nucleus of the target atoms (gold). The excited nucleus then emits a characteristic photon, which is counted to
determine the abundance of gold in the sample. For all drilling in 2022, All samples were sent to the accredited
onsite SGS laboratory at Davyhurst for sample preparation. Prepared samples were then despatched to SGS
laboratories in Kalgoorlie for a 50g charge Fire Assay (GO_FAP50V10) with MP-AES finish. Commercially prepared
standard samples and blanks are inserted in the sample stream at an average rate of 1:25. Sizing results
(percentage of pulverised sample passing a 75μm mesh) are undertaken on approximately 1 in 20 samples. The
accuracy (standards) and precision (repeats) of assaying are acceptable. Standards and blanks were inserted into
the sample stream at a rate of approximately 1:12. Duplicates were submitted at a rate of approximately 1:30. The
accuracy (standards) and precision (repeats) of assaying are acceptable. Underground diamond drilling – All
samples were sent to the accredited onsite SGS laboratory at Davyhurst for sample preparation. Prepared samples
were then despatched to SGS laboratories in Kalgoorlie for a 50g charge Fire Assay (GO_FAP50V10) with MP-AES
finish. Commercially prepared standard samples and blanks are inserted in the sample stream at an average rate
of 1:20. Sizing results (percentage of pulverised sample passing a 75μm mesh) are undertaken on approximately 1
in 20 samples. The accuracy (standards) and precision (repeats) of assaying are acceptable. The accuracy
(standards) and precision (repeats) of assaying are acceptable. Face samples assayed as per diamond core,
including a field duplicate per face.

Fire assay is considered a total technique, Aqua Regia is considered partial. The Photon assay method is
considered a total technique and is non-destructive.
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.

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.

OBM - Geological and sample data logged directly into field computer at the drill rig or core yard using Field
Marshall or Geobank Mobile. Data is transferred to Perth via email or through a shared server 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.

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.

32

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 MGA 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 were 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.
Greater Pacific Gold; Collars surveyed on Riverina local Mine grid. 2 point grid transformation translates
coordinates into MGA91 zone 51. Holes downhole surveyed by gyro (Ace Drilling).
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 MGA grids using a 2-point
transformation.
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.
Ora Banda Mining Limited (OBM) (RC, DD) MGA94, zone 51. Drill hole collar positions were picked up by a contract
surveyor using RTKGPS 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 early stage exploration
project. Diamond drillholes completed in 2019 and 2020 by OBM were surveyed using a Gyro tool. For all drilling in
2022 Drill hole collar positions were picked up by an OBM mining surveyor using RTKGPS subsequent to drilling. All
downhole surveys were taken every 10m by Gyro. Underground diamond drilling – diamond drilling collar locations
picked up by mine surveyors via theodolite and known survey control points. UG diamond drill rig alignment via
surveyed collar locations and DeviAligner tool, downhole surveys via DeviGyro-Ox tool. Underground face sample
locations measured via laser distometer to known surveyed control points and development surveys via
theodolite.

33

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.

Ora Banda Mining Limited (OBM) – underground diamond drilling – typical spacing for grade control purposes is
20m x 20m. Underground face samples are taken each 3m/4m ore development cut.

Drill intercepts are length weighted, 1.0g/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.

Greater Pacific Gold; Holes drilled to the east inclined at -58 to -60. Suitable for sub vertical N-S striking
mineralisation.

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.

Ora Banda Mining Limited (OBM) – RC drilling is predominately inclined at between -50 and -60 degrees towards
the west. Drilling inclined to the east is only done when lodes are deemed to be vertical or if local landforms
prevent access. Underground diamond drilling – collared from decline cuddies in sub-horizontal and inclined fans
cutting across sub-vertical lodes, holes are designed to optimise intersection angles and reduce bias for Main Lode
East and West. Some bias is present for the Murchison lodes, given their close proximity to the drill cuddies and
this impact is mitigated through detailed wall/backs mapping of Murchison lode intersections in underground
workings and future targeted grade control drilling

34

  • Sample • The measures taken to ensure sample • Unknown for all drilling except for the following; security security. • 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 were placed into sample crates and sent via courier on a weekly basis.

  • • OBM - Samples were bagged, tied and stored in a secure yard on site. 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 • The results of any audits or reviews of • OBM has reviewed historic digital data and compared it to hardcopy and digital (Wamex) records, noting that no reviews sampling techniques and data. issues were found.

Section 2 Reporting of Exploration Results - Riverina

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

Criteria JORC Code explanation Commentary Commentary Commentary 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.

All tenure pertaining to this report is listed below.
TENEMENT HOLDER AGREEMENTS
M30/256 CARNEGIE GOLD PTY LTD. JV between Davyston Exploration Pty Ltd (65%) and Carnegie Gold Pty Ltd
(35%) for all minerals other than gold and silver
Davyston Exploration Pty Ltd holds a consent caveat
Greenstone Resources Ltd and Riverina Resources Pty Ltd holds nickel
rights (portions of tenement only)
Austsino Resources Group Ltd holds royalty rights (portions of tenemen
only)
South32 Ltd holds royaltyrights (portions of tenement only)

t

Carnegie Gold PTY LTD is a wholly owned subsidiary of OBM.

There are no known heritage or native title issues.

35


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 an interlayered sequence of meta-basalts, meta-sediments and
ultramafics, rarely cross-cut by narrow pegmatite dykes. The local stratigraphy strikes roughly N-S with primarily
steep east to sub-vertical dips. The area has been affected by upper greenschist to lower amphibolite grade
metamorphism with many minerals exhibiting strong preferred orientations. All rock units exhibit strain via zones
of foliation, with strongly sheared zones more common in ultramafic lithologies. Contemporaneous strike faults
and late stage thrust faults have dislocated the stratigraphy and hence, mineralisation.

Gold mineralisation is hosted by quartz-sulphide and quartz-Fe oxide veining primarily in the metabasalts.
Metasediments and ultramafics may also contain gold mineralised quartz veining, although much less abundant.
Gold mineralisation is also seen in silica-biotite-sulphide and silica-sericite-sulphide alteration zones in the
metabasalts.
Drill hole
Information

A summary of all information
material to the understanding of
the exploration results including a
tabulation of the following
information for all Material drill
holes:
o
easting and northing of
the drill hole collar
o
elevation or RL (Reduced
Level – elevation above
sea level in metres) of the
drill hole collar
o
dip and azimuth of the
hole
o
down hole length and
interception depth
o
hole length.

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

See list of drill intercepts.

36

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. Lower cut off is nominally 1.0g/t. Due to the narrow
nature of mineralisation a minimum sample length of 0.2m was accepted when calculating intercepts. 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 South is approx. N-S and sub vertical. Surface drilling is oriented
perpendicular the strike of the mineralisation. UG drilling from drill cuddy with hole radiating in fans. Holes testing
strike extremities are at lower angles to the ore lode and therefore not true widths, while those perpendicular to
the lode can approximate true widths.
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, cross-sections and long sections.
Balanced
reporting

Where comprehensive reporting of
all Exploration Results is not
practicable, representative
reportingof both low and high

The location of drill hole intersections is shown on the plans and 2D/3D diagrams and are coloured according to
grade to provide context for the highlighted intercepts

37

grades and/or widths should be
practiced to avoid misleading
reportingof Exploration Results.
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.

Riverina has no known reported metallurgical issues.

Results from previous processing have demonstrated that good gold recovery can be expected from conventional
CIL processing methods.

Recent baseline metallurgical test work demonstrated the following gold recoveries:
o
Oxide – 90%
o
Transitional – 97%
o
Fresh – 94.3%

Additional variation test-work remains ongoing.
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.

Further GC drilling at Riverina underground will continue as the access into the mine is deepened.

Further resource definition drilling will be conducted from the surface, when beyond the reach of the underground
drills, aimed and continued mineral resource growth and resource conversion.

Section 1 Sampling Techniques and Data – Missouri & Sand King

(Criteria listed in the preceding Missouri & Sand King section also apply to this section.)

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

Goldfields Group; Auger holes were drilled to a maximum depth of 1.5m. RC samples were routinely collected at 1m
intervals. Diamond drill core samples were taken at geological boundaries and sawn in half. Samples pulverised at
laboratory.

Monarch Gold Mining Company Ltd; RAB samples were collected at 2m and 4m composites via a scoop method at 1m
intervals. RC samples were collected at 1m, 2m to 5m intervals. 1m samples were riffle split.

WMC; In early drilling by WMC, samples were “panned’ for visible gold. Percussion samples were collected at 1m
intervals,split in the field. Diamond core samples were cut in half orquartered.

38

Criteria JORC Code explanation Commentary
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.

Gilt Edged Mining NL; All RAB and RC holes were collected through a cyclone and sampled at 1m intervals, pipe or spear
sampled, composited over 5m intervals. The composite samples weighing about 3kg were despatched for analysis. 5m
composites with assays greater than 0.2 g/t Au were resampled by riffle-splitting the whole of each 1m sample down to
about 3kg prior to being despatched for analysis.

Siberia Mining Corporation Ltd; RAB samples were collected at 1m intervals from the drill hole collar using a plastic
bucket and laid on the ground. A scoop sample was taken from each sample to form a 5m composite. RC samples
were collected at 1m intervals and passed through a cyclone and split using a two tiered, 75:25 riffle splitter. The split
sample (approximately 2-3kg) was stored in a drawn calico bag, which was then placed next to the split sample reject
(approximately 10-15kg), which was contained in UV resistant PVC bags. A representative scoop sample was then taken
from each split sample reject bags to form a 4m composite sample. Diamond half core sampled at 1m intervals.

Ora Banda Mining; RC samples were routinely collected at 1m intervals and cone split. RC samples are collected at 1m
intervals in calico bags directly from a cone splitter. Sample size of at least 2kg is targeted. Diamond drilling. Core
sample intervals selected by geologist and defined by geological boundaries. All samples were dispatched to the SGS
laboratory at the Davyhurst site for pulverising. Prepared samples were then despatched to SGS laboratories in
Kalgoorlie for a 50g charge Fire Assay.
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).

Goldfields Group; Auger holes were using an auger rig on the back of a Toyota Landcruiser from Snap Drilling. RC holes
were drilled by Western Diamond Drillers using a Schramm Rig. Diamond holes were drilled by Mundy Drilling services
using a KL1200 rig. Diamond holes were oriented.

Monarch Gold Mining Company Ltd; RC holes were drilled by Kennedy Drilling using a 4 inch blade.

WMC; RC percussion holes were drilled using a Schram Rig. RC holes were drilled using blades and hammer. The RC
drilling diameter is unknown. Diamond drill holes for NQ core were drilled and reduced to BQ core at depth if
necessary. Some diamond holes commenced with a percussion pre-collar. Diamond core generally not oriented.

Gilt Edged Mining NL; RC holes were drilled by either Sing Drilling or McKay Drilling. Both Kalgoorlie companies used a
booster and auxiliary compressor. The RC drilling diameter is unknown.

Siberia Mining Corporation Ltd; RAB holes were drilled by ProDrill Pty Ltd of Kalgoorlie using an open hole RAB drill rig.
All holes were drilled dry. RC holes were drilled by Premium Drilling Pty Ltd of Kalgoorlie using a 350/750 Schram RC
drill rig and a 5.25” face sampling hammer. An auxiliary booster was used on holes deeper than 75m.

EGL; RC drilling using 5.25 inch face sampling hammer. PQ, HQ and NQ diamond core. PQ drilled from surface until fresh
rock encountered, then changed to NQ for geotechnical holes. Resource holes drilled HQ from surface to fresh rock,
then changed to NQ.

Ora Banda Mining Limited – 5.5 – 5.625 inch diameter RC holes using face sampling hammer with samples collected
under cone splitter. Core holes have RC pre-collars, then NQ2, HQ3or PQ3coring to BOH. All core oriented by Axis
instrument. RC grade control rig is 5.5 inch diameter hammer with samples collected from a rig mounted cone splitter
into calico bags which are submitted for assay. GC Drilling was carried out by Australian Surface Drill Contractors, Rock
on Ground,Orlando Drillingand JDC Drilling.
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

Quantitative auger, RAB and RC drill recoveries were not recoded by Goldfields Group, Monarch Gold Mining Company
Ltd, WMC, Gilt Edged Mining NL, Siberia Mining Corporation, Maitland Mining NL, Newcrest Mining Ltd, Julia Mines NL,
Placer Dome Asia Pacific Ltd, Goongarrie Gold Pty Ltd, Australian Consolidated Equities Ltd, Centaur Mining and
Exploration Ltd, EGL, Britannia Gold NL, Glengarry Resources NL, Sundowner Minerals NL and Gutnick Resources NL.

39

Criteria JORC Code explanation Commentary
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.

EGL - Diamond drill recoveries are recorded as a percentage calculated from measured core against downhole drilled
intervals (core blocks). RC sample recoveries not recorded.

Ora Banda Mining Limited – RC drilling recoveries, including Grade control RC were recorded on a pre metre basis
based on sample size. Diamond Core recoveries are very high due to the competent ground. Any core recovery issues
are noted on core blocks and logged. Diamond drill recoveries are recorded as a percentage calculated from
measured core against downhole drilled intervals (core blocks).

There is no known relationshipbetween sample recoveryandgrade.
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.

Goldfields Group; Qualitative: colour, oxidation, hardness, shearing, texture, grain size, rock, alteration, minerals and
Quantitative: alteration intensity, mineralisation intensity, structure intensity, vein percent.

Monarch Gold Mining Company Ltd; Qualitative: colour, oxidation, hardness, shearing, texture, grain size, rock,
alteration, minerals. Quantitative: alteration intensity, mineralisation intensity, structure intensity, vein percent.

WMC; RC and diamond logging describes the dominant and minor rock types, mineralisation, oxidation, alteration,
texture, vein type and basic structure. Quantitative values assigned to amounts of sulphides, alteration and veining.

Gilt Edged Mining NL; Qualitative: rock code, alteration, sulphides, weathering.

Siberia Mining Corporation Ltd; Qualitative: alteration, colour, lithology, oxidation, mineralogy, vein style, vein
assemblage, remarks. Quantitative: mineralisation intensity.

EGL; Qualitative: alteration, colour, grain size, lithology, oxidation, mineralogy, structure, texture, vein style, vein
assemblage, remarks. Quantitative: mineralisation intensity, vein percent.

Ora Banda Mining Limited – Field logging was conducted using Geobank MobileTM software on Panasonic Toughbook
CF-31 ruggedized laptop computers. Qualitative logging: Lithology, colour, oxidation, grainsize, texture, structure,
hardness, regolith. Quantitative: estimates are made of quartz veining, sulphide and alteration percentages. Core
photographed both wet and dry. Magnetic susceptibility and RQD were also recorded for core holes.

All holes weregeologicallylogged in their entiretyto a level of detail to support mineral resource estimation
Sub-
sampling
techniques
and sample
preparatio
n

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.

Goldfields Group; RC samples were routinely collected at 1m intervals and riffle split. Diamond drill core samples were
taken at geological boundaries and sawn in half. RC and diamond samples were dried, crushed, split, pulverised and a
50 gm charge taken. All sampling of resource drilling incorporated a system of standards and blanks to keep strict
control on assay reliability.

Monarch Gold Mining Company Ltd; RAB samples were collected at 1m intervals and 2m and 4m composites taken via a
scoop method. RC samples were collected at 1m, 2m and 5m intervals. 1m samples were riffle split. Samples were
prepared with a single stage mix and grind from which an assay charge was taken Composite samples with assays
greater than 0.2 g/t Au were split at 1m intervals and re-analysed. Field duplicate samples were taken and analysed
every 20 samples. Blanks and standards were routinely submitted with assay batches to evaluate sample preparation
and assay accuracy.

WMC; In early drilling by WMC, samples were “panned’ for visible gold. Percussion samples were collected at 1m
intervals, split in the field. Diamond core samples were cut in half or quartered. Samples were dried in fan forced
ovens at 80oC for paper packets and 140oC for samples in calico bags, sieved using a nylon mesh. Oversize samples
crushed in Jacques jaw crusher to produce -6mm sample, split employing either a rotary or riffle splitter and
pulverised using Tema Swing mills prior to analysis, except for soil and stream sediment samples finer than 80 mesh.
A 25grm charge was taken for assaying.

Gilt Edged Mining NL; All RAB and RC holes were collected through a cyclone and sampled at 1m intervals, pipe or spear
sampled, composited over 5m intervals. The composite samples weighing about 3kg were despatched for analysis. 5m
composites with assaysgreater than 0.2g/t Au were resampled byriffle-splittingthe whole of each 1m sample down to

40

Criteria JORC Code explanation Commentary
about 3kg prior to being despatched for analysis. Samples were despatched to MinLab in Kalgoorlie where they were
dried, pulverised to a nominal 90% minus 200 mesh (75 microns) and a 25 gm aliquot taken to be analysed for gold.
Comprehensive QA/QC and check sampling reports were produced. Umpire assay checks were completed using a
second laboratory (Genalysis).

Siberia Mining Corporation Ltd; RAB samples were collected at 1m intervals from the drill hole using a plastic bucket
and laid on the ground. A scoop sample was taken from each sample to form a 5m composite. RC samples were
collected at 1m intervals and passed through a cyclone and split using a two teared, 75:25 riffle splitter. The split
sample (approximately 2-3kg) was stored in a drawn calico bag, which was then placed next to the split sample reject
(approximately 10-15kg), which was contained in UV resistant PVC bags. A representative scoop sample was then taken
from each split sample reject bags to form a 4m composite sample. Diamond half core was sampled at 1m intervals.
Samples were dried, crushed, split, pulverised until 80% passed minus 75 microns and a 50 gm charge taken. Field
duplicates were submitted. Composites with assays greater than 0.2 g/t Au were re-assayed using individual 1m re-
split samples.

EGL & Swan Gold; RC samples were routinely collected at 1m intervals from a cone splitter and submitted for analysis.
Samples were crushed, pulverised and a 50gm charge taken for analysis. Field duplicates, blanks and standards were
submitted for QAQC analysis. Diamond core in sampled at 1m intervals or to zones of geological interest. Core samples
are sawn in half. Minimum sample length in NQ core or 0.3m.

Ora Banda Mining Limited – RC samples were submitted as individual 1m split samples (cone splitter) or composited to
4m by PVC spear. Half-core samples, cut by automated core saw. Core sample intervals selected by geologist and
defined by geological and/or mineralisation boundaries. RC samples were dried, crushed, split, pulverised and a 50gm
charge taken. Field duplicates, blanks and standards were submitted for QAQC analysis. Grade control samples are
prepared in the SGS on-site laboratory or at the SGS Kalgoorlie laboratory. GC samples are dried, crushed, split,
pulverised and a 50gm charge taken for fire assay. Core sample intervals selected by geologist and defined by
geological boundaries, cut by saw and submitted as half core. All samples were dispatched to the SGS laboratory at the
Davyhurst site for pulverising. Prepared samples were then despatched to SGS laboratories in Kalgoorlie for a 50g
charge Fire Assay (GO_FAP50V10). Field duplicates,blanks and standards were submitted for QAQC analysis.
Quality of
assay data
and
laboratory
tests

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

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

Nature of quality control procedures adopted
(eg standards, blanks, duplicates, external
laboratory checks) and whether acceptable
levels of accuracy (ie lack of bias) and
precision have been established.

Goldfields Group; Auger samples were set to Analabs (Welshpool) to be assayed for gold to 1ppb by graphite furnace
P605 and arsenic to 1ppm by aqua regia hydride H605. RC samples were submitted to Australian Laboratory Services
(ALS) in Kalgoorlie for gold and arsenic analysis. Fire assay methods were used for gold analysis with 50gm charge,
detection limit of 0.01ppm Au, while Aqua Regia methods, with detection limits of 5ppm As, were used for arsenic
analysis. Diamond drill core samples were despatched to Genalysis in Kalgoorlie and analysed for gold using 50gm fire
assay to 0.01ppm. A system of standards and blanks were incorporated in all sample despatches to keep a strict
control on assay reliability. QA/QC re-assaying of mineralised RC intersections and interpreted structures was
undertaken later in the reporting period.

Monarch Gold Mining Company Ltd; Samples submitted to ALS for 50g Fire Assay with AAS finish. Samples were also
analysed at Ultratrace for gold, palladium and platinum.Submitted field duplicates, blanks and standards for QAQC
analysis.

WMC; All samples were sent to WMC Exploration Division Kalgoorlie Laboratory to be analysed for gold using wet
method, aqua regia leach, reading by AAS; a 25gm sample was digested with aqua regia, the gold extracted using
aliquot DIBK and the solvent backwashed. The gold concentration was determined by Atomic Absorption.

Gilt Edged Mining NL; All samples were submitted to Minlab of Kalgoorlie to be assayed for gold; 5m composites were
analysed byaqua regia/AAS with a detection limit of 0.01ppm and 1m samples assayed byFire/AAS with a detection

41

Criteria JORC Code explanation Commentary
limit of 0.01ppm. Certified reference material standards were employed. Duplicate samples, analytical standards,
and check analyses at a second laboratory were used to monitor analytical quality.

Siberia Mining Corporation Ltd; All samples were submitted to SGS Analabs in Kalgoorlie to be assayed for gold using
50gm Fire Assay with detection limit at 0.01ppm Au and for sulphur. Samples were also analysed at Ultratrace.
Standards and repeats (1 in 20) were used during the first phase drilling campaign to provide a reference to the
internal lab standards. There was a strong correlation between standard (client) and laboratory results. Repeats of
composite samples showed no problems with technique or dependability with the laboratory.

EGL& Swan; Samples were sent to Intertek Assay Laboratories to be analysed for gold by 50gm fire assay. Certified
reference material standards were employed for a gold range of 0.32 to 48.55ppm. Blanks were also employed.
Satisfactory results were obtained for both. Field duplicates were routinely taken from RC sampling.

Ora Banda Mining Limited - All samples were sent to the accredited onsite SGS laboratory at Davyhurst for sample
preparation. Prepared samples were then despatched to SGS laboratories in Kalgoorlie for a 50g charge Fire Assay
(GO_FAP50V10) with MP-AES finish. Commercially prepared standard samples and blanks are inserted in the sample
stream at an average rate of 1:25. Sizing results (percentage of pulverised sample passing a 75μm mesh) are
undertaken on approximately 1 in 20 samples. The accuracy (standards) and precision (repeats) of assaying are
acceptable. Standards and blanks were inserted into the sample stream at a rate of approximately 1:12. Duplicates
were submitted at a rate of approximately 1:30. The accuracy (standards) and precision (repeats) of assaying are
acceptable
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.

Selected drill intersections from WMC, Goldfields and Siberia Mining Corporation diamond core have been inspected by
EGL/OBM geologists. Some WMC holes have been re-logged by EGL geologists and mineralisation identified at the
reported intervals.

Drill intersections from WMC and Goldfields diamond core were inspected by Siberia Mining Corporation geologists in
2005 and mineralization was visible in core at the expected intervals. Mineralisation widths and styles are very
comparable with NQ2 drilling by SMC in 2004.

Holes are not deliberately twinned.

WMC; Hand written geology logs and assays were digitally captured.

EGL; Data has been verified by reviewing original drill and assay logs. Print outs of computerized sample intervals and
assays generated by WMC were used to verify the intercepts reported. Geological and sample data logged directly into
field computer at the core yard. Data is transferred to Perth via email and imported into GBIS 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.

Ora Banda Mining Limited - Geological and sample data logged directly into field computer (Panasonic Toughbook CF-
31) at the core yard or at the drill rig using Geobank Mobile. Data is exported from the logging computer, copied onto
the company servers 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.

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

No adjustments have been made to assaydata.

42

Criteria JORC Code explanation Commentary
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.

Goldfields Group; Collar co-ordinates for RC and DD holes, including elevation were surveyed with DGPS. RAB holes were
located with GPS. Downhole surveys were taken every 10m for RC and DD holes, method unknown. RAB holes not
downhole surveyed. The gird system used is AGD 1984 AMG Zone 51.

Monarch Gold Mining Company Ltd; Drill hole collars were surveyed by Spectrum Surveys of Kalgoorlie using RTK GPS.
Downhole surveys were undertaken by electronic multiple shot (EMS) or Eastman single shot. The gird system used is
GDA1994 MGA Zone 51.

WMC; Drill hole collars were surveyed by Electronic Distance Meter (EDM) theodolite by the Kalgoorlie Gold Operations’
mine surveyor. Holes also surveyed using theodolite by McGay Surveys as well as by WMC mine surveyors. WMC RC
holes were generally not downhole surveyed. Diamond holes down hole surveyed by Eastman single shot camera or
multishot approximately every 30m. The gird system used is AGD 1984 AMG Zone 51.

Gilt Edged Mining NL; Contract surveyors were engaged for siting of drill holes prior to drilling, pick-up of accurate drill
hole co-ordinates after drilling and down-hole plunge and azimuth readings. All holes drilled after 1998 were picked up
by Fugro Survey Pty Ltd of Kalgoorlie using differential GPS. The gird system used is AGD 1984 AMG Zone 51.

Siberia Mining Corporation Ltd; Collar co-ordinates for northings, eastings and elevation were recorded by Fugro
Spatial Solutions Pty Ltd. The gird system used is AGD 1984 AMG Zone 51. Diamond holes were down hole surveyed by
gyro. RC holes generally not downhole surveyed. If surveyed, then done by Digital electronic multishot (DEMS)

EGL and Swan; Collar locations were surveyed by DGPS and downhole surveys were collected using electronic multishot
by the drillers. Subsequent to drilling holes were open hole gyro surveyed by ABIMS where possible. The gird system
used is GDA1994 MGA Zone 51.

Ora Banda Mining Limited (RC, DD) MGA94, zone 51. Holes are picked up using RTK GPS the mine surveyors. Drill-hole
downhole surveys are recorded using an Axis digital tool. Grade control holes are all surveyed by the mine surveyors by
RTKGPS. Grade control holes are all downhole surveyed with north seeking gyro.

At close of mining in 2008, Monarch Gold surveyed the Missouri pit area. Topographical control is considered adequate
for resource modelling
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.

Drilling is predominantly on a 20mE X 20mN grid. Grade control drilling was carried out on a nominal 5m X 5m grid

At Sand King the data spacing and distribution is sufficient to establish geological and grade continuity to support the
definition of Mineral Resource and classifications as defined under the JORC 2012 code.

Samples are not composited for reporting.

Samples are composited for resource calculations.
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.

At Sand King drilling is predominantly inclined to the south, optimal for the predominantly ENE (060o)

striking, north dipping mineralisation.

It is not known whether there is any introduced sample bias due to drill orientation.

43

Criteria JORC Code explanation Commentary
Sample
security

The measures taken to ensure sample
security.

Unknown for earlier operators.

EGL – Samples are bagged, tied and in a secure yard on site. Once submitted to the laboratories they are stored in
cages within a secure fenced compound. Samples are tracked through the laboratory via their LIMS.

Monarch - Pre-numbered sample bags were put into numbered plastic bags. These numbers were written on the
submission forms which were checked by the geologist. Plastic bags were then securely cable tied and placed in a
secure location. Samples were then picked up by the Lab in Kalgoorlie or deliver to Perth via courier. A work order
conformation was emailed to Monarch personnel for each sample submission once samples were received by the
Laboratory.

Ora Banda Mining Limited - Samples were collected on the day of drilling and bagged into cable tied polyweave bags.
Polyweave bags are stored into bulka bags on pallets in a secure yard on-site. Once submitted to the laboratories they
are stored in cages within a secure fenced compound. Samples are tracked through the laboratoryvia their LIMS.
Audits or
reviews

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

Digital data from the SQL database has been reviewed by OBM and is consistent with hard copy and digital WAMEX data.

Siberia Mining Corporation conducted a due diligence on the data and core in 2005 and were “comfortable with the
quality and integrity of the data”. Digital data has been reviewed and is consistent with hard copy data.

Monarch Gold MiningCompanyLtd;MonthlyQAQC reports wereproduced to monitor accuracyandprecision.

44

Section 2 Reporting of Exploration Results – Missouri & Sand King

(Criteria listed in the preceding Missouri & Sand King 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.

Sand King deposit is on Tenement M24/960 held by Siberia Mining Corporation Pty. Ltd., a wholly owned subsidiary of Ora
Banda Mining. The tenement is in good standing.

.
TENEMENT
HOLDER
AGREEMENTS
M24/0960
SIBERIA
MINING
CORPORATION
PTY LTD
SIBERIA GRANTED GARDNER THE RIGHT TO EXPLORE FOR NICKEL MINERALS
(portion of the tenement only)
ROB MITCHELL AND HANK SHRERS (SURFACE ALLUVIAL RIGHTS TO 2M DEPTH)
(portion of the tenement only)
STONEHORSE ENERGY LIMITED HAVE RIGHTS TO EXPLORE FOR NICKEL
MINERALS
JV BETWEEN DAVYSTON EXPLORATION PTY LTD (65%) AND SIBERIA MINING
CORPORATION PTY LTD (35%) FOR ALL MINERALS OTHER THAN GOLD AND
SILVER
DAVYSTON EXPLORATION PTY LTD HOLDS A CONSENT CAVEAT

There are no known heritage issues

There are no known impediments to operatingin the area.
Exploration
done by other
parties

Acknowledgment and appraisal of
exploration by other parties.

Drilling on the tenements was completed by numerous operators, but the majority of work was completed by WMC, Gilt
Edged Mining, Siberia Mining Corporation, Monarch Gold, EGS and OBM. All work by these companies was to industry
standards of the time.
Geology
Deposit type, geological setting and style of
mineralisation.

Sand King is an orogenic lode style deposit hosted by mafic rocks, predominantly basalt.

Gold mineralisation at Sand King takes the form of stacked quartz-biotite-feldspar-sulphide shear lodes within the
basalt. Widths vary from sub 1m to ~ 6m true width. Occasionally blow outs occur with >6m true width. Mineralised
structures are NE-SW striking in the south and normally steeply dipping (~80 degrees) to the north-west while in the
north-eastern end of the deposit most mineralisation is interpreted to strike E-W and dip steeply to the north (~80
degrees)
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

See Significant Intercepts in document

The significant intercept table provides details of drill holes with intercepts of >= 1 gram metres, In cases where
drilling has intercepted a lode position with grades below this value, NSI (no significant intercept) is listed. This
provides context to the number of holes in the project area with significant gold intercepts versus the number of holes
with lesser or no significant intercepts.

Widths reported in the Significant Intercepts table are all down hole lengths.

45

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

If the exclusion of this information is
justified on the basis that the information is
not Material and this exclusion does not
detract from the understanding of the
report, the Competent Person should clearly
explain whythis 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. Lower cut off grade is nominally 1.0g/t. Maximum 2m
internal dilution and minimum width of 0.2m.

No metal equivalents reported.
Relationship
between
mineralisatio
n 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’).

Drilling is predominantly angled at -60oto the south, optimally intersecting the steep north dipping mineralisation. This
drill orientation does not intersect all lodes at optimal angles and as such some drill intercepts are longer than true
widths.

All intercept widths reported are down hole lengths. The geometry of mineralisation is known for the Sand King deposit.
However, no attempt has been made to report true widths.

Some drill programs required shallow angle (~30O) diamond drilling to hit specific targets within the constraints of
existing mining infrastructure (existing pit and dumps)
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.

46

Criteria JORC Code explanation Commentary
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.

All drill intercepts from recent drilling are reported.

Results reported include both low and high gram metre (g/t x down hole length) values.
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.

Metallurgical and geotechnical work has been completed for Sand King deposit in the past.

Additional metallurgical, geotechnical, environmental and engineering work has been or is in the process of being
completed for Sand King deposit.
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
commerciallysensitive.

Additional drilling to grow the UG resource.

UG mining studies.

Statutory approvals for UG mining required.

47