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ORA BANDA MINING LTD Capital/Financing Update 2025

Feb 27, 2025

65475_rns_2025-02-27_cea53dcb-2e45-4a54-ae12-5cdae6af93be.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

28 February 2025

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SAND KING UNDERGROUND RAMP UP ON TRACK WITH FIRST ORE BATCHED THROUGH DAVYHURST MILL

Highlights:

  • First Sand King Underground development ore processed through the Davyhurst plant with the reconciled grade 4.3% above expectations (mine call of 2.3g/t vs actual of 2.4g/t)

  • Metallurgical recovery reconciled at 88.2%, which is 1.2% above the expected 87%

  • Early grade control drilling indicates a 19% uplift in gold ounce endowment thus far (grade control vs. pre-mining Mineral Resource Estimate model: 21koz vs.17koz), predominantly driven by the identification of additional discrete ore lodes

  • Identification of at least three ‘blow-out’ zones in grade control drilling supports potential for bulk stoping opportunities

  • Capital projects now all completed with commissioning of primary fan and escapeway in February

  • Sand King Underground remains on track to reach its steady state production rate in June

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on recent mining and geological outcomes at its Sand King Underground mine located 39km southeast of the Davyhurst processing plant.

Sand King Underground Mining

Since the establishment of the Sand King Underground portal in late August last year, mine development has advanced through good ground conditions with a total of 1,866m development metres achieved to date, including 676m capital decline metres (see Figure 4). Since intersecting first ore in December 2024, 558 metres of ore development on six separate ore lodes has been completed on the first (4315) level (see Figure 5).

Mining rates continue to improve as key mine infrastructure projects are completed and more headings become available. The first production level is progressing well with the second to commence ore-driving from early March. Stoping remains on track to start in this quarter with steady state production to be achieved in Q4 (FY25).

All critical mining infrastructure projects are complete with the primary ventilation system and mine escapeway systems now commissioned (see Figure 13).

Sand King Underground Geology and Drilling

Since November 2024 an underground diamond drill rig has been focussed on infill grade control drilling of the Sand King ore lodes aiming to provide sufficient geometric definition and grade distribution information ahead of ore development and stoping. In addition, limited extensional drilling has been undertaken which has resulted in the potential for “Big Dog” lode extensions to

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

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the south of the current mine design. Further drilling is being planned in this area and a second drill jumbo has been commissioned at the project.

To date, a total of 10,844m of underground diamond drilling has been completed with the drill crews averaging 131m/day, which is well ahead of budgeted 106m/day. Significantly, infill drilling has largely confirmed the grade and volume potential of the main ore structures along with the identification and potential upside in newly defined additional discrete ore lodes.

Significant intercepts returned from grade control drilling to date include: o SKUGGC25037 7.2m @ 17.0 g/t o SKUGGC25033 2.5m @ 16.0 g/t o SKUGGC25002 6.8m @ 8.3 g/t o SKUGGC24056 3.5m @ 14.5 g/t o SKUGGC25007 2.8m @ 10.4 g/t o SKUGGC24056 2.3m @ 10.0 g/t o SKUGGC25003 4.8m @ 4.8 g/t o SKUGGC24051 1.0m @ 21.2 g/t o SKUGGC25036 2.1m @ 10.0 g/t

Uplift in Gold Ounce Endowment

Early grade control modelling indicates a 19% uplift in the gold ounce endowment thus far (21koz vs.17koz) of the Sand King deposit. Underground grade control drilling that has taken place since project commencement has added more than 400 additional data points (ore intersections) in the upper levels of the mine. This has effectively closed the drill hole spacing up to 15m by 15m, down from the Mineral Resource Estimate (“MRE”) drill spacing of 40m by 40m. The close spaced drilling allows for a more accurate estimate of the geometric shape of the ore lodes and a more accurate predication of gold grade distribution. The 19% uplift seen in the grade control vs. premining MRE block model thus far has been driven by the identification of additional discrete ore lodes combined with more accurate definition of the “blow-out” zones that occur at Sand King when two or more mineralised structures intersect (see Figures 11 & 12).

“Blow-out” Zones

Historical open pit mining identified the presence of localised “blow-outs” in the ore lodes where the intersection of tension veins on shear structure results in a considerable localised volume increase to the ore mineralisation, combined with an uptick in gold grades. Their confirmed presence in the pit provides some confidence there may be similar opportunities to define these “blow outs” in the underground environment. Significantly, grade control drilling completed to date in the upper levels of the mine has identified at least 3 blow-out zones, with the Company now assessing how to best extract these bulk gold endowment zones.

One of these blow-outs has been identified in hole SKUGGC25037 that returned 7.2m @ 17.0 g/t, with this drill intersection located at the top of the first planned stoping panel to be mined on the first (4315) level (see Figure 6 to 8). Of note, visible gold has been identified in the upper levels of the mine in both diamond core and the ore development face sampling (see Figure 9 & 10).

2

Sand King Underground Batch Trial

Material mined in December and January was sent as a batch to the Davyhurst mill for a trial milling parcel aimed at increasing the confidence in the face sampling methodology and in turn the grade control estimation model and associated processes. A total of 24,910t was crushed and milled as part of this trial. The expected grade of 2.3g/t reconciled through the mill at 2.4g/t, which equates to a 4.3% increase. As the mine progresses to stoping, the grades are expected to increase in line with the reserve grade of 3.2g/t.

The plant achieved a metallurgical recovery of 88.2% at a grind size of P80 135µm for the Sand King Underground trial milling parcel.

Source Milling Returns Milling Returns % delta
As mined
Tonnes Grade Ounces Tonnes Grade Ounces Grade
SK HG 7,077 3.1 695 7,298 2.9 688 4.3%
SK - MG 7,544 2.6 639 7,780 2.5 631 4.3%
SK - LG 10,289 1.7 573 10,611 1.7 566 4.3%
Total 24,910 2.4 1,907 25,689 2.3 1,885 4.3%

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

"The seamless ramp up of Sand King Underground towards steady state production has been a real credit to the operational and planning teams and demonstrates Ora Banda’s capability to find and rapidly advance underground opportunities.

“It is great to see the development ore reconciling positively compared to FID assumptions, and exciting that early grade control drilling shows a potential uplift in the gold endowment of the deposit."

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Figure 1 - First gold pour - Sand King Underground.

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Figure 2 – (L-R) OBM's Managing Director - Luke Creagh, Non-Executive Chairman - Peter Mansell and General Manager Operations - Mick Horrigan holding Sand King Underground gold bars.

3

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Figure 3 – Overview showing location of Riverina Underground and Sand King Underground compared to Davyhurst processing hub.

4

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

Sand King Underground
“As Built” over Mine Design Layout
Oblique view looking north- west
750 metres
UG DD Drill Drive
First Ore Drive
Level (4315)
Current Decline
Face Position
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Figure 4 – Sand King Underground long section showing actual development and underground mine design.

5

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Figure 5 – Sand King Underground first Level ore drive results, current pay-run calculations and early grade control results.

6

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Figure 6 – Hole SKUGGC25037 showing “Blow-out” zone created by the intersection of the D7 lode and Nala Shear. Numbering represents assayed (g/t) gold values for the respective interval..

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

First (4315) Level Hole Location
SKUGGC25037
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Figure 7 – Long section showing location of SKUGGC25037 on top of the first planned stoping panel on the first (4315) level.

7

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Figure 8 – Example of blowout zone in 4315_ODN20 Drive (intersection of two lodes), with face sampling assay results.

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Figure 9 – Free gold in hand Specimen from development face on the D5 lode (4315 level).

8

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SKUGGC25032 - 5.2m @ 7.1g/t from 56.4m. Numbering represents assayed (g/t) gold values for the respective interval.

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Figure 10 – Hole SKUGGC25032 showing individual assay results and visible gold in core 57.88m.

9

Uplift in Gold Ounce Endowment

The two images below compare the pre-mining Mineral Resource estimate (MRE) block model with the Grade Control Block Model for that same area on the “Big Dog” Lode.

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Figure 11 – Mineral Resource Estimate Block Model of the Big Dog lode (looking east).

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Figure 12 – GC Block Model of the Big Dog Lode (looking east). Expanded mineralisation and steep northerly high-grade plunge become more prevalent with tighter spaced drilling.

10

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Primary fan installation

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Primary vent fan indicators

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Secondary Escapeway (ladderway looking down)

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Top of Secondary Escapeway

Figure 13 – Collection of photos showing primary ventilation installation and secondary escapeway.

11

This announcement was authorised for release to the ASX by the Ora Banda Board of Directors.

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 this announcement of the matters based on his information in the form and context in which it appears.

The information in this announcement regarding prior Sand King Exploration Results has been extracted from the Company’s ASX announcements set out below, which are available to view at www.orabandamining.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in those ASX announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from those ASX announcements.

  • ‘First Ore Intersected at Sand King’ released on 19 December 2024

  • ‘Davyhurst Gold Project Update’ dated 3 September 2024

  • ‘Sand King Approval Lifts FY26 Production Outlook to 150KOZ’ dated 11 July 2024

  • ‘Riverina Underground & Sand King Update’ dated 4 April 2024

  • ‘New High Grade Lode System Discovered at Sand King’ dated 28 February 2024

  • ‘Exploration Update – Sand King’ dated 6 February 2024

  • ‘Exploration Update – Sand King’ dated 2 November 2023

  • ‘Exploration Update’ dated 3 August 2023

  • ‘High Grade Results for Sand King Validation Drill Program’ dated 27 April 2020

  • ‘Missouri Deposit Mineral Resource and Reserve Update’ dated 15 December 2016

  • ‘Outstanding Siberia Drilling Results Continue’ dated 23 November 2016

  • ‘High Grade Results Continue at Siberia’ dated 15 November 2016

  • ‘High Grade Results Continue at Siberia’ dated 2 November 2016

  • ’Siberia Drilling Update’ dated 25 October 2016

  • ‘Significant Drilling Results from Siberia’ dated 22 September 2016

  • ‘Strong Initial Results from Siberia Diamond Drilling’ dated 13 September 2016.

The information in this announcement that relates to Mineral Resources and Ore Reserves are set out in the Company’s ASX announcement, ‘Mineral Resource and Ore Reserve Statement’ dated 2 July 2024, which is available to view at www.orabandamining.com.au. The Company confirms that it is not 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.

12

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.

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Appendix 1 – Significant Intersections Table – Ora Banda Drill holes

(1g/t cut-off, maximum 2m internal dilution, minimum width 0.2m)

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24003 6655990 303842 339 308 -15 120 30.55 33.89 3.34 WCORE 2.27 7.6 3.3m @ 2.3 g/t 1
SKUGGC24003 36.50 36.80 0.30 WCORE 1.86 0.6 0.3m @ 1.9 g/t 1
SKUGGC24003 50.00 50.70 0.70 WCORE 3.27 2.3 0.7m @ 3.3 g/t 1
SKUGGC24003 59.90 61.80 1.90 WCORE 10.16 19.3 1.9m @ 10.2 g/t 1
SKUGGC24003 Incl 60.60 61.50 0.90 WCORE 15.56 14.0 0.9m @ 15.6 g/t 10
SKUGGC24003 68.00 68.70 0.70 WCORE 4.69 3.3 0.7m @ 4.7 g/t 1
SKUGGC24003 82.96 86.10 3.14 WCORE 4.84 15.2 3.1m @ 4.8 g/t 1
SKUGGC24003 Incl 82.96 83.60 0.64 WCORE 20.24 13.0 0.6m @ 20.2 g/t 10
SKUGGC24003 106.50 107.00 0.50 WCORE 2.08 1.0 0.5m @ 2.1 g/t 1
SKUGGC24004 6655991 303842 339 316 -15 113 29.00 34.30 5.30 WCORE 1.77 9.4 5.3m @ 1.8 g/t 1
SKUGGC24004 40.00 41.00 1.00 WCORE 6.98 7.0 1.0m @ 7.0 g/t 1
SKUGGC24004 Incl 40.60 41.00 0.40 WCORE 11.28 4.5 0.4m @ 11.3 g/t 10
SKUGGC24004 45.98 46.67 0.69 WCORE 2.24 1.5 0.7m @ 2.2 g/t 1
SKUGGC24004 56.00 57.15 1.15 WCORE 7.35 8.5 1.2m @ 7.4 g/t 1
SKUGGC24004 Incl 56.30 56.60 0.30 WCORE 16.22 4.9 0.3m @ 16.2 g/t 10
SKUGGC24004 68.23 69.75 1.52 WCORE 3.79 5.8 1.5m @ 3.8 g/t 1
SKUGGC24004 74.62 77.00 2.38 WCORE 6.83 16.3 2.4m @ 6.8 g/t 1
SKUGGC24004 Incl 75.18 75.48 0.30 WCORE 15.80 4.7 0.3m @ 15.8 g/t 10
SKUGGC24004 Incl 76.10 76.48 0.38 WCORE 13.27 5.0 0.4m @ 13.3 g/t 10
SKUGGC24004 85.00 86.00 1.00 WCORE 2.59 2.6 1.0m @ 2.6 g/t 1
SKUGGC24004 101.73 103.20 1.47 WCORE 2.66 3.9 1.5m @ 2.7 g/t 1
SKUGGC24004 103.90 104.20 0.30 WCORE 3.67 1.1 0.3m @ 3.7 g/t 1
SKUGGC24006 6655991 303843 339 332 -16 114 27.10 32.77 5.67 WCORE 1.30 7.4 5.7m @ 1.3 g/t 1
SKUGGC24006 58.00 59.00 1.00 WCORE 20.40 20.4 1.0m @ 20.4 g/t 1
SKUGGC24006 Incl 58.00 58.35 0.35 WCORE 52.22 18.3 0.4m @ 52.2 g/t 10
SKUGGC24006 66.00 67.26 1.26 WCORE 4.46 5.6 1.3m @ 4.5 g/t 1
SKUGGC24006 Incl 66.36 66.66 0.30 WCORE 11.74 3.5 0.3m @ 11.7 g/t 10
SKUGGC24006 84.00 85.76 1.76 WCORE 6.24 11.0 1.8m @ 6.2 g/t 1
SKUGGC24006 99.82 101.18 1.36 WCORE 4.28 5.8 1.4m @ 4.3 g/t 1
SKUGGC24009 6655991 303842 339 313 -22 123 32.74 33.26 0.52 WCORE 5.47 2.8 0.5m @ 5.5 g/t 1
SKUGGC24009 35.86 36.32 0.46 WCORE 5.80 2.7 0.5m @ 5.8 g/t 1
SKUGGC24009 47.82 48.83 1.01 WCORE 1.82 1.8 1.0m @ 1.8 g/t 1
SKUGGC24009 59.86 61.20 1.34 WCORE 9.61 12.9 1.3m @ 9.6 g/t 1
SKUGGC24009 Incl 60.90 61.20 0.30 WCORE 22.88 6.9 0.3m @ 22.9 g/t 10
SKUGGC24009 72.86 74.04 1.18 WCORE 13.88 16.4 1.2m @ 13.9 g/t 1
SKUGGC24009 80.86 81.22 0.36 WCORE 1.39 0.5 0.4m @ 1.4 g/t 1
SKUGGC24009 84.41 85.31 0.90 WCORE 7.45 6.7 0.9m @ 7.5 g/t 1
SKUGGC24009 Incl 85.01 85.31 0.30 WCORE 17.86 5.4 0.3m @ 17.9 g/t 10
SKUGGC24009 110.92 112.88 1.96 WCORE 3.69 7.2 2.0m @ 3.7 g/t 1
SKUGGC24010 6655991 303843 339 321 -22 123 30.26 31.72 1.46 WCORE 2.35 3.4 1.5m @ 2.3 g/t 1
SKUGGC24010 33.75 34.20 0.45 WCORE 3.72 1.7 0.5m @ 3.7 g/t 1
SKUGGC24010 45.54 46.44 0.90 WCORE 6.77 6.1 0.9m @ 6.8 g/t 1

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MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24010 54.94 55.96 1.02 WCORE 4.91 5.0 1.0m @ 4.9 g/t 1
SKUGGC24010 Incl 55.30 55.66 0.36 WCORE 10.40 3.7 0.4m @ 10.4 g/t 10
SKUGGC24010 67.28 68.03 0.75 WCORE 10.01 7.5 0.8m @ 10.0 g/t 1
SKUGGC24010 Incl 67.28 67.73 0.45 WCORE 14.26 6.4 0.5m @ 14.3 g/t 10
SKUGGC24010 70.45 71.37 0.92 WCORE 22.62 20.8 0.9m @ 22.6 g/t 1
SKUGGC24010 Incl 70.77 71.07 0.30 WCORE 63.34 19.0 0.3m @ 63.3 g/t 10
SKUGGC24010 74.18 75.66 1.48 WCORE 5.44 8.0 1.5m @ 5.4 g/t 1
SKUGGC24010 Incl 75.06 75.36 0.30 WCORE 10.51 3.2 0.3m @ 10.5 g/t 10
SKUGGC24010 107.07 108.45 1.38 WCORE 4.28 5.9 1.4m @ 4.3 g/t 1
SKUGGC24011 6655991 303843 339 328 -22 120 29.40 35.61 6.21 WCORE 3.21 19.9 6.2m @ 3.2 g/t 1
SKUGGC24011 Incl 34.26 35.00 0.74 WCORE 12.13 9.0 0.7m @ 12.1 g/t 10
SKUGGC24011 38.05 38.50 0.45 WCORE 1.61 0.7 0.5m @ 1.6 g/t 1
SKUGGC24011 49.27 53.33 4.06 WCORE 5.10 20.7 4.1m @ 5.1 g/t 1
SKUGGC24011 Incl 52.11 53.01 0.90 WCORE 14.08 12.7 0.9m @ 14.1 g/t 10
SKUGGC24011 62.50 62.90 0.40 WCORE 10.88 4.4 0.4m @ 10.9 g/t 1
SKUGGC24011 71.22 72.39 1.17 WCORE 5.02 5.9 1.2m @ 5.0 g/t 1
SKUGGC24011 85.56 85.86 0.30 WCORE 1.24 0.4 0.3m @ 1.2 g/t 1
SKUGGC24011 88.47 89.10 0.63 WCORE 5.35 3.4 0.6m @ 5.4 g/t 1
SKUGGC24011 106.29 107.70 1.41 WCORE 8.09 11.4 1.4m @ 8.1 g/t 1
SKUGGC24011 Incl 107.35 0.32 WCORE 13.69 4.4 0.3m @ 13.7 g/t 10
107.03
SKUGGC24014 6655991 303843 339 317 -28 129 33.00 41.15 8.15 WCORE 1.65 13.4 8.2m @ 1.6 g/t 1
SKUGGC24014 46.56 47.78 1.22 WCORE 3.20 3.9 1.2m @ 3.2 g/t 1
SKUGGC24014 60.32 60.86 0.54 WCORE 7.18 3.9 0.5m @ 7.2 g/t 1
SKUGGC24014 85.06 88.44 3.38 WCORE 8.64 29.2 3.4m @ 8.6 g/t 1
SKUGGC24014 Incl 85.36 85.88 0.52 WCORE 16.94 8.8 0.5m @ 16.9 g/t 10
SKUGGC24014 Incl 87.40 88.14 0.74 WCORE 18.13 13.4 0.7m @ 18.1 g/t 10
SKUGGC24014 115.75 117.15 1.40 WCORE 2.14 3.0 1.4m @ 2.1 g/t 1
SKUGGC24016 6655991 303842 339 306 -32 147 37.00 38.10 1.10 WCORE 7.88 8.7 1.1m @ 7.9 g/t 1
SKUGGC24016 40.21 41.00 0.79 WCORE 5.63 4.4 0.8m @ 5.6 g/t 1
SKUGGC24016 46.67 50.10 3.43 WCORE 3.35 11.5 3.4m @ 3.3 g/t 1
SKUGGC24016 Incl 47.44 47.80 0.36 WCORE 12.43 4.5 0.4m @ 12.4 g/t 10
SKUGGC24016 52.70 53.45 0.75 WCORE 2.91 2.2 0.8m @ 2.9 g/t 1
SKUGGC24016 72.00 73.00 1.00 WCORE 8.18 8.2 1.0m @ 8.2 g/t 1
SKUGGC24016 Incl 72.00 72.37 0.37 WCORE 18.90 7.0 0.4m @ 18.9 g/t 10
SKUGGC24016 78.15 78.72 0.57 WCORE 1.43 0.8 0.6m @ 1.4 g/t 1
SKUGGC24016 80.44 80.75 0.31 WCORE 1.31 0.4 0.3m @ 1.3 g/t 1
SKUGGC24017 6655991 303842 339 313 -33 141 38.91 50.18 11.27 WCORE 4.15 46.7 11.3m @ 4.1 g/t 1
SKUGGC24017 Incl 39.23 39.75 0.52 WCORE 10.67 5.5 0.5m @ 10.7 g/t 10
SKUGGC24017 Incl 44.09 44.50 0.41 WCORE 10.09 4.1 0.4m @ 10.1 g/t 10
SKUGGC24017 65.00 65.95 0.95 WCORE 8.93 8.5 1.0m @ 8.9 g/t 1
SKUGGC24017 Incl 65.30 65.65 0.35 WCORE 11.26 3.9 0.4m @ 11.3 g/t 10
SKUGGC24017 69.50 69.84 0.34 WCORE 2.07 0.7 0.3m @ 2.1 g/t 1
SKUGGC24017 96.46 99.68 3.22 WCORE 3.29 10.6 3.2m @ 3.3 g/t 1
SKUGGC24017 Incl 96.76 97.30 0.54 WCORE 13.19 7.1 0.5m @ 13.2 g/t 10
SKUGGC24018 6656008 303863 339 323 -20 113 26.70 31.32 4.62 WCORE 2.39 11.0 4.6m @ 2.4 g/t 1

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MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24018 43.40 43.71 0.31 WCORE 15.45 4.8 0.3m @ 15.5 g/t 1
SKUGGC24018 48.00 48.30 0.30 WCORE 6.26 1.9 0.3m @ 6.3 g/t 1
SKUGGC24018 58.40 59.61 1.21 WCORE 5.59 6.8 1.2m @ 5.6 g/t 1
SKUGGC24018 71.17 72.14 0.97 WCORE 5.06 4.9 1.0m @ 5.1 g/t 1
SKUGGC24018 75.34 76.39 1.05 WCORE 2.80 2.9 1.1m @ 2.8 g/t 1
SKUGGC24018 101.31 102.73 1.42 WCORE 6.09 8.7 1.4m @ 6.1 g/t 1
SKUGGC24019 6656009 303863 339 331 -23 69 27.78 31.93 4.15 WCORE 2.17 9.0 4.2m @ 2.2 g/t 1
SKUGGC24019 47.37 48.08 0.71 WCORE 5.63 4.0 0.7m @ 5.6 g/t 1
SKUGGC24019 Incl 47.37 47.67 0.30 WCORE 11.84 3.6 0.3m @ 11.8 g/t 10
SKUGGC24019 54.30 55.00 0.70 WCORE 3.89 2.7 0.7m @ 3.9 g/t 1
SKUGGC24019 65.00 66.07 1.07 WCORE 3.51 3.8 1.1m @ 3.5 g/t 1
SKUGGC24019B 6656009 303863 339 331 -21 108 27.70 31.80 4.10 WCORE 3.88 15.9 4.1m @ 3.9 g/t 1
SKUGGC24019B Incl 30.60 31.00 0.40 WCORE 10.50 4.2 0.4m @ 10.5 g/t 10
SKUGGC24019B 43.46 44.05 0.59 WCORE 8.77 5.2 0.6m @ 8.8 g/t 1
SKUGGC24019B 48.11 48.78 0.67 WCORE 3.02 2.0 0.7m @ 3.0 g/t 1
SKUGGC24019B 64.72 65.69 0.97 WCORE 10.45 10.1 1.0m @ 10.4 g/t 1
SKUGGC24019B Incl 64.72 65.02 0.30 WCORE 22.16 6.6 0.3m @ 22.2 g/t 10
SKUGGC24019B 78.17 78.77 0.60 WCORE 4.13 2.5 0.6m @ 4.1 g/t 1
SKUGGC24019B 91.68 95.32 3.64 WCORE 9.79 35.6 3.6m @ 9.8 g/t 1
SKUGGC24019B Incl 92.12 95.32 3.20 WCORE 10.84 34.7 3.2m @ 10.8 g/t 10
SKUGGC24020 6656008 303863 339 309 -27 129 29.90 34.10 4.20 WCORE 2.44 10.3 4.2m @ 2.4 g/t 1
SKUGGC24020 61.31 62.04 0.73 WCORE 2.23 1.6 0.7m @ 2.2 g/t 1
SKUGGC24020 69.89 73.60 3.71 WCORE 1.80 6.7 3.7m @ 1.8 g/t 1
SKUGGC24020 87.00 88.00 1.00 WCORE 1.73 1.7 1.0m @ 1.7 g/t 1
SKUGGC24020 91.13 91.85 0.72 WCORE 5.05 3.6 0.7m @ 5.1 g/t 1
SKUGGC24020 112.98 115.11 2.13 WCORE 3.80 8.1 2.1m @ 3.8 g/t 1
SKUGGC24021 6656009 303863 339 318 -26 123 27.87 28.91 1.04 WCORE 2.40 2.5 1.0m @ 2.4 g/t 1
SKUGGC24021 31.55 33.66 2.11 WCORE 1.44 3.0 2.1m @ 1.4 g/t 1
SKUGGC24021 41.90 42.24 0.34 WCORE 11.79 4.0 0.3m @ 11.8 g/t 1
SKUGGC24021 62.84 64.00 1.16 WCORE 6.02 7.0 1.2m @ 6.0 g/t 1
SKUGGC24021 Incl 62.84 63.14 0.30 WCORE 15.68 4.7 0.3m @ 15.7 g/t 10
SKUGGC24021 78.66 78.96 0.30 WCORE 1.01 0.3 0.3m @ 1.0 g/t 1
SKUGGC24021 83.25 83.55 0.30 WCORE 1.01 0.3 0.3m @ 1.0 g/t 1
SKUGGC24021 106.12 107.17 1.05 WCORE 4.95 5.2 1.1m @ 4.9 g/t 1
SKUGGC24022 6656009 303863 339 326 -28 119 28.93 31.37 2.44 WCORE 3.21 7.8 2.4m @ 3.2 g/t 1
SKUGGC24022 33.40 34.00 0.60 WCORE 2.42 1.5 0.6m @ 2.4 g/t 1
SKUGGC24022 57.00 59.15 2.15 WCORE 4.71 10.1 2.2m @ 4.7 g/t 1
SKUGGC24022 Incl 58.05 58.36 0.31 WCORE 11.00 3.4 0.3m @ 11.0 g/t 10
SKUGGC24022 67.00 68.00 1.00 WCORE 7.16 7.2 1.0m @ 7.2 g/t 1
SKUGGC24022 71.26 76.05 4.79 WCORE 3.10 14.8 4.8m @ 3.1 g/t 1
SKUGGC24022 Incl 72.97 73.27 0.30 WCORE 25.54 7.7 0.3m @ 25.5 g/t 10
SKUGGC24022 84.51 85.25 0.74 WCORE 4.96 3.7 0.7m @ 5.0 g/t 1
SKUGGC24022 104.12 106.06 1.94 WCORE 3.57 6.9 1.9m @ 3.6 g/t 1
SKUGGC24023 6656009 303864 339 336 -29 116 31.25 36.00 4.75 WCORE 2.50 11.9 4.8m @ 2.5 g/t 1
SKUGGC24023 43.10 43.95 0.85 WCORE 5.68 4.8 0.9m @ 5.7 g/t 1
SKUGGC24023 47.35 47.72 0.37 WCORE 1.18 0.4 0.4m @ 1.2 g/t 1

16

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24023 67.40 70.05 2.65 WCORE 5.36 14.2 2.7m @ 5.4 g/t 1
SKUGGC24023 Incl 68.77 69.60 0.83 WCORE 10.41 8.6 0.8m @ 10.4 g/t 10
SKUGGC24023 79.24 80.47 1.23 WCORE 6.50 8.0 1.2m @ 6.5 g/t 1
SKUGGC24023 Incl 80.17 80.47 0.30 WCORE 19.55 5.9 0.3m @ 19.6 g/t 10
SKUGGC24023 104.00 108.53 4.53 WCORE 5.25 23.8 4.5m @ 5.2 g/t 1
SKUGGC24023 Incl 106.13 0.66 WCORE 13.32 8.8 0.7m @ 13.3 g/t 10
105.47
SKUGGC24024 6656009 303864 339 346 -29 117 34.48 39.30 4.82 WCORE 1.52 7.3 4.8m @ 1.5 g/t 1
SKUGGC24024 65.82 68.82 3.00 WCORE 5.63 16.9 3.0m @ 5.6 g/t 1
SKUGGC24024 Incl 67.89 68.22 0.33 WCORE 12.42 4.1 0.3m @ 12.4 g/t 10
SKUGGC24024 75.60 76.65 1.05 WCORE 9.16 9.6 1.1m @ 9.2 g/t 1
SKUGGC24024 Incl 75.60 76.30 0.70 WCORE 12.63 8.8 0.7m @ 12.6 g/t 10
SKUGGC24024 99.60 102.00 2.40 WCORE 14.03 33.7 2.4m @ 14.0 g/t 1
SKUGGC24024 Incl 99.60 101.30 1.70 WCORE 17.89 30.4 1.7m @ 17.9 g/t 10
SKUGGC24025 6656008 303863 339 307 -31 138 31.86 32.87 1.01 WCORE 2.87 2.9 1.0m @ 2.9 g/t 1
SKUGGC24025 35.70 47.85 12.15 WCORE 3.23 39.3 12.2m @ 3.2 g/t 1
SKUGGC24025 Incl 40.70 41.00 0.30 WCORE 12.75 3.8 0.3m @ 12.8 g/t 10
SKUGGC24025 Incl 47.20 47.50 0.30 WCORE 12.95 3.9 0.3m @ 13.0 g/t 10
SKUGGC24025 54.17 55.75 1.58 WCORE 8.15 12.9 1.6m @ 8.1 g/t 1
SKUGGC24025 Incl 54.75 55.45 0.70 WCORE 14.87 10.4 0.7m @ 14.9 g/t 10
SKUGGC24025 59.00 59.30 0.30 WCORE 1.44 0.4 0.3m @ 1.4 g/t 1
SKUGGC24025 74.25 74.73 0.48 WCORE 16.72 8.0 0.5m @ 16.7 g/t 1
SKUGGC24025 77.00 83.00 6.00 WCORE 9.48 56.9 6.0m @ 9.5 g/t 1
SKUGGC24025 Incl 79.50 83.00 3.50 WCORE 13.67 47.9 3.5m @ 13.7 g/t 10
SKUGGC24025 85.02 86.94 1.92 WCORE 4.27 8.2 1.9m @ 4.3 g/t 1
SKUGGC24025 Incl 85.02 85.33 0.31 WCORE 11.69 3.6 0.3m @ 11.7 g/t 10
SKUGGC24025 124.14 127.33 3.19 WCORE 1.24 3.9 3.2m @ 1.2 g/t 1
SKUGGC24026 6656008 303863 339 314 -32 133 31.28 34.20 2.92 WCORE 1.03 3.0 2.9m @ 1.0 g/t 1
SKUGGC24026 35.65 36.96 1.31 WCORE 1.37 1.8 1.3m @ 1.4 g/t 1
SKUGGC24026 41.00 41.70 0.70 WCORE 1.12 0.8 0.7m @ 1.1 g/t 1
SKUGGC24026 70.92 72.78 1.86 WCORE 9.54 17.8 1.9m @ 9.5 g/t 1
SKUGGC24026 Incl 71.99 72.78 0.79 WCORE 18.94 15.0 0.8m @ 18.9 g/t 10
SKUGGC24026 84.77 85.87 1.10 WCORE 2.01 2.2 1.1m @ 2.0 g/t 1
SKUGGC24026 119.00 120.02 1.02 WCORE 4.61 4.7 1.0m @ 4.6 g/t 1
SKUGGC24027 6656009 303863 339 322 -33 145 30.53 32.00 1.47 WCORE 3.76 5.5 1.5m @ 3.8 g/t 1
SKUGGC24027 35.73 36.62 0.89 WCORE 5.54 4.9 0.9m @ 5.5 g/t 1
SKUGGC24027 65.14 68.64 3.50 WCORE 13.24 46.3 3.5m @ 13.2 g/t 1
SKUGGC24027 Incl 67.19 68.30 1.11 WCORE 37.83 42.0 1.1m @ 37.8 g/t 10
SKUGGC24027 79.60 81.22 1.62 WCORE 6.58 10.7 1.6m @ 6.6 g/t 1
SKUGGC24027 84.41 84.71 0.30 WCORE 1.52 0.5 0.3m @ 1.5 g/t 1
SKUGGC24027 88.22 88.82 0.60 WCORE 1.45 0.9 0.6m @ 1.4 g/t 1
SKUGGC24027 115.25 116.54 1.29 WCORE 17.61 22.7 1.3m @ 17.6 g/t 1
SKUGGC24027 Incl 116.54 0.99 WCORE 21.94 21.7 1.0m @ 21.9 g/t 10
115.55
SKUGGC24028 6656009 303864 339 331 -34 129 33.45 37.80 4.35 WCORE 1.74 7.6 4.4m @ 1.7 g/t 1
SKUGGC24028 42.00 42.60 0.60 WCORE 8.25 5.0 0.6m @ 8.3 g/t 1
SKUGGC24028 60.44 62.40 1.96 WCORE 10.72 21.0 2.0m @ 10.7 g/t 1

17

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24028 Incl 60.44 62.10 1.66 WCORE 12.38 20.6 1.7m @ 12.4 g/t 10
SKUGGC24028 75.55 77.18 1.63 WCORE 4.04 6.6 1.6m @ 4.0 g/t 1
SKUGGC24028 86.31 87.15 0.84 WCORE 8.57 7.2 0.8m @ 8.6 g/t 1
SKUGGC24028 120.23 121.57 1.34 WCORE 6.73 9.0 1.3m @ 6.7 g/t 1
SKUGGC24028 Incl 121.00 0.47 WCORE 10.01 4.7 0.5m @ 10.0 g/t 10
120.53
SKUGGC24029 6656009 303864 339 341 -35 142 36.90 37.46 0.56 WCORE 8.26 4.6 0.6m @ 8.3 g/t 1
SKUGGC24029 39.80 41.45 1.65 WCORE 4.20 6.9 1.7m @ 4.2 g/t 1
SKUGGC24029 43.61 44.06 0.45 WCORE 1.18 0.5 0.5m @ 1.2 g/t 1
SKUGGC24029 52.53 53.15 0.62 WCORE 4.04 2.5 0.6m @ 4.0 g/t 1
SKUGGC24029 70.67 71.80 1.13 WCORE 3.09 3.5 1.1m @ 3.1 g/t 1
SKUGGC24029 73.96 74.44 0.48 WCORE 4.91 2.4 0.5m @ 4.9 g/t 1
SKUGGC24029 80.51 81.63 1.12 WCORE 1.20 1.3 1.1m @ 1.2 g/t 1
SKUGGC24029 110.63 113.91 3.28 WCORE 1.81 5.9 3.3m @ 1.8 g/t 1
SKUGGC24030 6656009 303863 339 326 -38 150 34.55 36.73 2.18 WCORE 1.73 3.8 2.2m @ 1.7 g/t 1
SKUGGC24030 38.80 40.80 2.00 WCORE 1.74 3.5 2.0m @ 1.7 g/t 1
SKUGGC24030 66.88 70.24 3.36 WCORE 6.65 22.3 3.4m @ 6.7 g/t 1
SKUGGC24030 Incl 68.76 69.40 0.64 WCORE 21.12 13.5 0.6m @ 21.1 g/t 10
SKUGGC24030 81.17 82.38 1.21 WCORE 3.93 4.8 1.2m @ 3.9 g/t 1
SKUGGC24030 84.78 87.00 2.22 WCORE 4.59 10.2 2.2m @ 4.6 g/t 1
SKUGGC24030 Incl 86.65 87.00 0.35 WCORE 14.76 5.2 0.4m @ 14.8 g/t 10
SKUGGC24030 91.00 91.50 0.50 WCORE 1.16 0.6 0.5m @ 1.2 g/t 1
SKUGGC24030 125.15 126.61 1.46 WCORE 4.37 6.4 1.5m @ 4.4 g/t 1
SKUGGC24031 6656009 303863 339 334 -40 141 37.59 41.18 3.59 WCORE 3.06 11.0 3.6m @ 3.1 g/t 1
SKUGGC24031 Incl 37.59 37.97 0.38 WCORE 14.44 5.5 0.4m @ 14.4 g/t 10
SKUGGC24031 44.57 46.56 1.99 WCORE 2.20 4.4 2.0m @ 2.2 g/t 1
SKUGGC24031 62.86 64.51 1.65 WCORE 26.14 43.1 1.7m @ 26.1 g/t 1
SKUGGC24031 66.83 68.04 1.21 WCORE 5.83 7.1 1.2m @ 5.8 g/t 1
SKUGGC24031 Incl 67.13 67.43 0.30 WCORE 13.12 3.9 0.3m @ 13.1 g/t 10
SKUGGC24031 79.29 84.06 4.77 WCORE 2.15 10.3 4.8m @ 2.2 g/t 1
SKUGGC24031 86.85 87.27 0.42 WCORE 8.43 3.5 0.4m @ 8.4 g/t 1
SKUGGC24031 137.62 138.67 1.05 WCORE 3.65 3.8 1.1m @ 3.6 g/t 1
SKUGGC24033 6655859 303792 333 331 -1 190 10.97 12.00 1.03 WCORE 3.36 3.5 1.0m @ 3.4 g/t 1
SKUGGC24033 52.92 53.60 0.68 WCORE 16.65 11.3 0.7m @ 16.7 g/t 1
SKUGGC24033 Incl 53.29 53.60 0.31 WCORE 35.31 10.9 0.3m @ 35.3 g/t 10
SKUGGC24033 68.70 69.08 0.38 WCORE 4.10 1.6 0.4m @ 4.1 g/t 1
SKUGGC24033 104.08 106.00 1.92 WCORE 8.16 15.7 1.9m @ 8.2 g/t 1
SKUGGC24033 Incl 104.70 0.32 WCORE 16.79 5.4 0.3m @ 16.8 g/t 10
104.38
SKUGGC24033 Incl 106.00 0.48 WCORE 19.21 9.2 0.5m @ 19.2 g/t 10
105.52
SKUGGC24033 108.73 115.06 6.33 WCORE 4.92 31.1 6.3m @ 4.9 g/t 1
SKUGGC24033 Incl 109.36 0.30 WCORE 20.57 6.2 0.3m @ 20.6 g/t 10
109.06
SKUGGC24033 Incl 114.00 0.43 WCORE 11.27 4.8 0.4m @ 11.3 g/t 10
113.57
SKUGGC24033 157.36 157.70 0.34 WCORE 11.36 3.9 0.3m @ 11.4 g/t 1
SKUGGC24035 6655859 303792 333 318 -1 197 57.19 58.10 0.91 WCORE 3.76 3.4 0.9m @ 3.8 g/t 1

18

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24035 64.46 64.92 0.46 WCORE 5.02 2.3 0.5m @ 5.0 g/t 1
SKUGGC24035 72.10 75.38 3.28 WCORE 2.79 9.1 3.3m @ 2.8 g/t 1
SKUGGC24035 107.30 107.85 0.55 WCORE 3.01 1.7 0.6m @ 3.0 g/t 1
SKUGGC24035 114.25 116.13 1.88 WCORE 1.89 3.5 1.9m @ 1.9 g/t 1
SKUGGC24035 130.65 131.30 0.65 WCORE 1.58 1.0 0.7m @ 1.6 g/t 1
SKUGGC24035 162.13 162.43 0.30 WCORE 8.05 2.4 0.3m @ 8.1 g/t 1
SKUGGC24036 6655859 303792 333 313 0 177 14.95 15.45 0.50 WCORE 5.64 2.8 0.5m @ 5.6 g/t 1
SKUGGC24036 58.71 60.74 2.03 WCORE 5.29 10.7 2.0m @ 5.3 g/t 1
SKUGGC24036 Incl 59.80 60.10 0.30 WCORE 13.47 4.0 0.3m @ 13.5 g/t 10
SKUGGC24036 68.30 69.00 0.70 WCORE 2.01 1.4 0.7m @ 2.0 g/t 1
SKUGGC24036 75.45 76.70 1.25 WCORE 3.91 4.9 1.3m @ 3.9 g/t 1
SKUGGC24036 115.55 119.39 3.84 WCORE 4.72 18.1 3.8m @ 4.7 g/t 1
SKUGGC24036 Incl 119.07 0.50 WCORE 15.50 7.8 0.5m @ 15.5 g/t 10
118.57
SKUGGC24036 131.29 132.00 0.71 WCORE 1.66 1.2 0.7m @ 1.7 g/t 1
SKUGGC24036 160.10 160.78 0.68 WCORE 6.37 4.3 0.7m @ 6.4 g/t 1
SKUGGC24037 6655858 303792 333 308 -1 171 13.80 14.20 0.40 WCORE 1.47 0.6 0.4m @ 1.5 g/t 1
SKUGGC24037 17.10 17.47 0.37 WCORE 3.38 1.3 0.4m @ 3.4 g/t 1
SKUGGC24037 70.11 73.96 3.85 WCORE 2.10 8.1 3.9m @ 2.1 g/t 1
SKUGGC24037 78.34 79.32 0.98 WCORE 2.74 2.7 1.0m @ 2.7 g/t 1
SKUGGC24037 100.00 101.00 1.00 WCORE 1.71 1.7 1.0m @ 1.7 g/t 1
SKUGGC24037 125.62 127.76 2.14 WCORE 6.08 13.0 2.1m @ 6.1 g/t 1
SKUGGC24037 Incl 125.92 0.30 WCORE 17.75 5.3 0.3m @ 17.8 g/t 10
125.62
SKUGGC24037 142.63 144.68 2.05 WCORE 9.44 19.4 2.1m @ 9.4 g/t 1
SKUGGC24037 Incl 143.38 0.30 WCORE 32.79 9.8 0.3m @ 32.8 g/t 10
143.08
SKUGGC24037 164.45 165.24 0.79 WCORE 5.57 4.4 0.8m @ 5.6 g/t 1
SKUGGC24039 6655858 303791 333 300 -1 189 20.25 20.68 0.43 WCORE 19.88 8.5 0.4m @ 19.9 g/t 1
SKUGGC24039 59.76 60.95 1.19 WCORE 3.15 3.7 1.2m @ 3.1 g/t 1
SKUGGC24039 67.29 68.09 0.80 WCORE 31.97 25.6 0.8m @ 32.0 g/t 1
SKUGGC24039 Incl 67.59 68.09 0.50 WCORE 50.21 25.1 0.5m @ 50.2 g/t 10
SKUGGC24039 71.77 72.72 0.95 WCORE 1.75 1.7 1.0m @ 1.7 g/t 1
SKUGGC24039 136.22 138.33 2.11 WCORE 11.24 23.7 2.1m @ 11.2 g/t 1
SKUGGC24039 Incl 138.00 1.78 WCORE 12.94 23.0 1.8m @ 12.9 g/t 10
136.22
SKUGGC24039 169.83 172.54 2.71 WCORE 10.56 28.6 2.7m @ 10.6 g/t 1
SKUGGC24039 Incl 171.78 1.58 WCORE 14.81 23.4 1.6m @ 14.8 g/t 10
170.20
SKUGGC24041 6655988 303777 317 340 12 78 4.70 5.00 0.30 WCORE 5.48 1.6 0.3m @ 5.5 g/t 1
SKUGGC24041 15.06 16.00 0.94 WCORE 8.63 8.1 0.9m @ 8.6 g/t 1
SKUGGC24041 Incl 15.06 15.48 0.42 WCORE 10.75 4.5 0.4m @ 10.8 g/t 10
SKUGGC24041 26.83 29.36 2.53 WCORE 2.34 5.9 2.5m @ 2.3 g/t 1
SKUGGC24041 39.59 40.27 0.68 WCORE 5.86 4.0 0.7m @ 5.9 g/t 1
SKUGGC24041 45.24 45.55 0.31 WCORE 2.57 0.8 0.3m @ 2.6 g/t 1
SKUGGC24041 60.15 60.80 0.65 WCORE 7.14 4.6 0.7m @ 7.1 g/t 1
SKUGGC24042 6655988 303777 317 354 12 81 5.08 7.30 2.22 WCORE 1.25 2.8 2.2m @ 1.3 g/t 1
SKUGGC24042 11.15 14.60 3.45 WCORE 1.08 3.7 3.5m @ 1.1 g/t 1

19

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24042 28.40 28.88 0.48 WCORE 13.53 6.5 0.5m @ 13.5 g/t 1
SKUGGC24042 31.81 32.55 0.74 WCORE 8.05 6.0 0.7m @ 8.0 g/t 1
SKUGGC24042 Incl 31.81 32.11 0.30 WCORE 12.90 3.9 0.3m @ 12.9 g/t 10
SKUGGC24042 39.34 40.34 1.00 WCORE 8.18 8.2 1.0m @ 8.2 g/t 1
SKUGGC24042 Incl 39.94 40.34 0.40 WCORE 14.01 5.6 0.4m @ 14.0 g/t 10
SKUGGC24042 44.47 45.50 1.03 WCORE 9.80 10.1 1.0m @ 9.8 g/t 1
SKUGGC24042 Incl 44.82 45.20 0.38 WCORE 19.42 7.4 0.4m @ 19.4 g/t 10
SKUGGC24042 50.35 51.00 0.65 WCORE 7.77 5.1 0.7m @ 7.8 g/t 1
SKUGGC24042 Incl 50.70 51.00 0.30 WCORE 12.65 3.8 0.3m @ 12.7 g/t 10
SKUGGC24042 63.42 63.80 0.38 WCORE 2.61 1.0 0.4m @ 2.6 g/t 1
SKUGGC24042 69.99 72.10 2.11 WCORE 19.53 41.2 2.1m @ 19.5 g/t 1
SKUGGC24042 Incl 70.29 71.00 0.71 WCORE 47.90 34.0 0.7m @ 47.9 g/t 10
SKUGGC24043 6656006 303838 314 315 12 93 13.47 14.02 0.55 WCORE 1.08 0.6 0.6m @ 1.1 g/t 1
SKUGGC24043 18.83 22.45 3.62 WCORE 1.68 6.1 3.6m @ 1.7 g/t 1
SKUGGC24043 26.70 27.20 0.50 WCORE 15.97 8.0 0.5m @ 16.0 g/t 1
SKUGGC24043 35.65 37.00 1.35 WCORE 5.61 7.6 1.4m @ 5.6 g/t 1
SKUGGC24043 Incl 35.65 35.96 0.31 WCORE 10.88 3.4 0.3m @ 10.9 g/t 10
SKUGGC24043 46.30 47.70 1.40 WCORE 21.10 29.5 1.4m @ 21.1 g/t 1
SKUGGC24043 Incl 46.60 47.70 1.10 WCORE 24.27 26.7 1.1m @ 24.3 g/t 10
SKUGGC24043 53.62 54.25 0.63 WCORE 8.01 5.0 0.6m @ 8.0 g/t 1
SKUGGC24043 Incl 53.92 54.25 0.33 WCORE 10.31 3.4 0.3m @ 10.3 g/t 10
SKUGGC24043 79.18 83.00 3.82 WCORE 3.41 13.0 3.8m @ 3.4 g/t 1
SKUGGC24044 6656006 303838 314 325 13 90 19.03 22.07 3.04 WCORE 3.49 10.6 3.0m @ 3.5 g/t 1
SKUGGC24044 Incl 21.22 21.52 0.30 WCORE 10.45 3.1 0.3m @ 10.5 g/t 10
SKUGGC24044 30.70 33.44 2.74 WCORE 6.38 17.5 2.7m @ 6.4 g/t 1
SKUGGC24044 Incl 30.70 31.34 0.64 WCORE 20.52 13.1 0.6m @ 20.5 g/t 10
SKUGGC24044 42.09 43.23 1.14 WCORE 4.83 5.5 1.1m @ 4.8 g/t 1
SKUGGC24044 50.25 51.34 1.09 WCORE 7.98 8.7 1.1m @ 8.0 g/t 1
SKUGGC24044 67.62 68.04 0.42 WCORE 4.22 1.8 0.4m @ 4.2 g/t 1
SKUGGC24044 71.96 72.31 0.35 WCORE 4.36 1.5 0.4m @ 4.4 g/t 1
SKUGGC24044 75.98 78.45 2.47 WCORE 6.77 16.7 2.5m @ 6.8 g/t 1
SKUGGC24044 Incl 75.98 76.78 0.80 WCORE 17.49 14.0 0.8m @ 17.5 g/t 10
SKUGGC24045 6656006 303839 314 336 18 90 17.60 18.05 0.45 WCORE 1.66 0.7 0.5m @ 1.7 g/t 1
SKUGGC24045 21.79 22.75 0.96 WCORE 5.59 5.4 1.0m @ 5.6 g/t 1
SKUGGC24045 Incl 22.45 22.75 0.30 WCORE 11.91 3.6 0.3m @ 11.9 g/t 10
SKUGGC24045 29.67 30.60 0.93 WCORE 11.11 10.3 0.9m @ 11.1 g/t 1
SKUGGC24045 Incl 29.67 30.00 0.33 WCORE 18.63 6.1 0.3m @ 18.6 g/t 10
SKUGGC24045 46.18 47.43 1.25 WCORE 5.84 7.3 1.3m @ 5.8 g/t 1
SKUGGC24045 Incl 46.48 46.78 0.30 WCORE 11.53 3.5 0.3m @ 11.5 g/t 10
SKUGGC24045 Incl 47.12 47.43 0.31 WCORE 11.37 3.5 0.3m @ 11.4 g/t 10
SKUGGC24045 60.76 61.70 0.94 WCORE 7.44 7.0 0.9m @ 7.4 g/t 1
SKUGGC24045 73.75 75.74 1.99 WCORE 8.61 17.1 2.0m @ 8.6 g/t 1
SKUGGC24045 Incl 74.15 74.59 0.44 WCORE 18.00 7.9 0.4m @ 18.0 g/t 10
SKUGGC24046 6656006 303839 314 347 13 84 17.96 19.72 1.76 WCORE 2.67 4.7 1.8m @ 2.7 g/t 1
SKUGGC24046 23.00 23.34 0.34 WCORE 2.31 0.8 0.3m @ 2.3 g/t 1
SKUGGC24046 26.57 26.87 0.30 WCORE 13.69 4.1 0.3m @ 13.7 g/t 1

20

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24046 47.71 48.31 0.60 WCORE 10.62 6.4 0.6m @ 10.6 g/t 1
SKUGGC24046 Incl 48.01 48.31 0.30 WCORE 13.51 4.1 0.3m @ 13.5 g/t 10
SKUGGC24046 56.64 57.44 0.80 WCORE 9.47 7.6 0.8m @ 9.5 g/t 1
SKUGGC24046 Incl 56.97 57.44 0.47 WCORE 10.40 4.9 0.5m @ 10.4 g/t 10
SKUGGC24046 70.17 72.39 2.22 WCORE 5.33 11.8 2.2m @ 5.3 g/t 1
SKUGGC24046 Incl 70.53 70.83 0.30 WCORE 20.55 6.2 0.3m @ 20.6 g/t 10
SKUGGC24047 6656007 303839 314 359 12 87 17.73 18.20 0.47 WCORE 1.49 0.7 0.5m @ 1.5 g/t 1
SKUGGC24047 20.42 23.33 2.91 WCORE 3.55 10.3 2.9m @ 3.6 g/t 1
SKUGGC24047 30.78 31.47 0.69 WCORE 13.94 9.6 0.7m @ 13.9 g/t 1
SKUGGC24047 Incl 30.78 31.17 0.39 WCORE 17.05 6.7 0.4m @ 17.1 g/t 10
SKUGGC24047 42.00 43.00 1.00 WCORE 1.38 1.4 1.0m @ 1.4 g/t 1
SKUGGC24047 48.59 49.77 1.18 WCORE 12.13 14.3 1.2m @ 12.1 g/t 1
SKUGGC24047 56.66 59.25 2.59 WCORE 2.06 5.3 2.6m @ 2.1 g/t 1
SKUGGC24047 65.22 65.85 0.63 WCORE 7.87 5.0 0.6m @ 7.9 g/t 1
SKUGGC24047 70.28 73.07 2.79 WCORE 7.79 21.7 2.8m @ 7.8 g/t 1
SKUGGC24047 Incl 70.66 71.11 0.45 WCORE 12.78 5.8 0.5m @ 12.8 g/t 10
SKUGGC24047 Incl 71.53 71.85 0.32 WCORE 11.43 3.7 0.3m @ 11.4 g/t 10
SKUGGC24047 Incl 72.15 72.64 0.49 WCORE 14.24 7.0 0.5m @ 14.2 g/t 10
SKUGGC24048 6655988 303777 318 326 13 78 4.86 8.30 3.44 WCORE 2.36 8.1 3.4m @ 2.4 g/t 1
SKUGGC24048 Incl 6.40 6.70 0.30 WCORE 11.47 3.4 0.3m @ 11.5 g/t 10
SKUGGC24048 15.50 15.80 0.30 WCORE 11.13 3.3 0.3m @ 11.1 g/t 1
SKUGGC24048 17.90 18.51 0.61 WCORE 9.55 5.8 0.6m @ 9.5 g/t 1
SKUGGC24048 Incl 17.90 18.21 0.31 WCORE 15.65 4.9 0.3m @ 15.7 g/t 10
SKUGGC24048 27.47 28.94 1.47 WCORE 3.07 4.5 1.5m @ 3.1 g/t 1
SKUGGC24048 59.50 59.99 0.49 WCORE 1.92 0.9 0.5m @ 1.9 g/t 1
SKUGGC24048 62.02 62.71 0.69 WCORE 5.66 3.9 0.7m @ 5.7 g/t 1
SKUGGC24049 6655859 303792 332 334 -7 198 9.66 10.23 0.57 WCORE 1.48 0.8 0.6m @ 1.5 g/t 1
SKUGGC24049 50.39 52.43 2.04 WCORE 40.56 82.7 2.0m @ 40.6 g/t 1
SKUGGC24049 Incl 50.39 51.00 0.61 WCORE 131.48 80.2 0.6m @ 131.5 10
g/t
SKUGGC24049 69.99 70.93 0.94 WCORE 1.97 1.8 0.9m @ 2.0 g/t 1
SKUGGC24049 79.94 80.39 0.45 WCORE 2.35 1.1 0.5m @ 2.4 g/t 1
SKUGGC24049 98.72 99.30 0.58 WCORE 2.78 1.6 0.6m @ 2.8 g/t 1
SKUGGC24049 102.41 103.35 0.94 WCORE 3.51 3.3 0.9m @ 3.5 g/t 1
SKUGGC24049 107.33 109.23 1.90 WCORE 3.30 6.3 1.9m @ 3.3 g/t 1
SKUGGC24049 112.63 114.00 1.37 WCORE 2.51 3.4 1.4m @ 2.5 g/t 1
SKUGGC24049 131.68 132.45 0.77 WCORE 2.73 2.1 0.8m @ 2.7 g/t 1
SKUGGC24050 6655859 303792 332 328 -7 198 48.30 48.60 0.30 WCORE 38.62 11.6 0.3m @ 38.6 g/t 1
SKUGGC24050 73.00 75.00 2.00 WCORE 3.46 6.9 2.0m @ 3.5 g/t 1
SKUGGC24050 105.19 105.90 0.71 WCORE 5.96 4.2 0.7m @ 6.0 g/t 1
SKUGGC24050 109.33 112.62 3.29 WCORE 3.94 13.0 3.3m @ 3.9 g/t 1
SKUGGC24050 Incl 112.62 0.30 WCORE 12.28 3.7 0.3m @ 12.3 g/t 10
112.32
SKUGGC24050 120.06 120.76 0.70 WCORE 12.17 8.5 0.7m @ 12.2 g/t 1
SKUGGC24050 Incl 120.76 0.40 WCORE 17.55 7.0 0.4m @ 17.6 g/t 10
120.36
SKUGGC24050 129.07 134.00 4.93 WCORE 2.71 13.3 4.9m @ 2.7 g/t 1

21

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24050 Incl 130.00 0.33 WCORE 10.58 3.5 0.3m @ 10.6 g/t 10
129.67
SKUGGC24050 139.50 140.00 0.50 WCORE 1.74 0.9 0.5m @ 1.7 g/t 1
SKUGGC24050 181.73 182.36 0.63 WCORE 1.22 0.8 0.6m @ 1.2 g/t 1
SKUGGC24051 6655859 303792 332 322 -6 207 12.00 12.40 0.40 WCORE 1.15 0.5 0.4m @ 1.2 g/t 1
SKUGGC24051 64.48 66.60 2.12 WCORE 3.60 7.6 2.1m @ 3.6 g/t 1
SKUGGC24051 71.10 72.44 1.34 WCORE 2.40 3.2 1.3m @ 2.4 g/t 1
SKUGGC24051 77.00 78.00 1.00 WCORE 6.09 6.1 1.0m @ 6.1 g/t 1
SKUGGC24051 Incl 77.39 77.69 0.30 WCORE 10.26 3.1 0.3m @ 10.3 g/t 10
SKUGGC24051 112.70 114.49 1.79 WCORE 6.49 11.6 1.8m @ 6.5 g/t 1
SKUGGC24051 118.44 119.08 0.64 WCORE 7.80 5.0 0.6m @ 7.8 g/t 1
SKUGGC24051 Incl 118.75 0.31 WCORE 11.45 3.5 0.3m @ 11.5 g/t 10
118.44
SKUGGC24051 126.47 127.09 0.62 WCORE 7.24 4.5 0.6m @ 7.2 g/t 1
SKUGGC24051 131.32 132.36 1.04 WCORE 21.20 22.0 1.0m @ 21.2 g/t 1
SKUGGC24051 144.70 145.20 0.50 WCORE 2.31 1.2 0.5m @ 2.3 g/t 1
SKUGGC24051 154.00 154.30 0.30 WCORE 2.13 0.6 0.3m @ 2.1 g/t 1
SKUGGC24051 199.64 200.20 0.56 WCORE 1.40 0.8 0.6m @ 1.4 g/t 1
SKUGGC24052 6655859 303792 332 317 -6 174 12.96 13.28 0.32 WCORE 5.83 1.9 0.3m @ 5.8 g/t 1
SKUGGC24052 56.72 57.35 0.63 WCORE 1.82 1.1 0.6m @ 1.8 g/t 1
SKUGGC24052 65.96 66.60 0.64 WCORE 2.90 1.9 0.6m @ 2.9 g/t 1
SKUGGC24052 69.00 69.60 0.60 WCORE 8.83 5.3 0.6m @ 8.8 g/t 1
SKUGGC24052 Incl 69.30 69.60 0.30 WCORE 10.50 3.2 0.3m @ 10.5 g/t 10
SKUGGC24052 77.00 78.17 1.17 WCORE 22.33 26.1 1.2m @ 22.3 g/t 1
SKUGGC24052 Incl 77.00 77.87 0.87 WCORE 27.71 24.1 0.9m @ 27.7 g/t 10
SKUGGC24052 83.40 83.70 0.30 WCORE 1.61 0.5 0.3m @ 1.6 g/t 1
SKUGGC24052 110.40 112.24 1.84 WCORE 1.66 3.1 1.8m @ 1.7 g/t 1
SKUGGC24052 120.26 122.20 1.94 WCORE 3.91 7.6 1.9m @ 3.9 g/t 1
SKUGGC24052 130.68 132.44 1.76 WCORE 21.70 38.2 1.8m @ 21.7 g/t 1
SKUGGC24052 Incl 132.13 1.45 WCORE 26.04 37.8 1.5m @ 26.0 g/t 10
130.68
SKUGGC24052 153.49 154.99 1.50 WCORE 2.07 3.1 1.5m @ 2.1 g/t 1
SKUGGC24053 6655858 303791 332 311 -6 167 15.10 15.79 0.69 WCORE 7.94 5.5 0.7m @ 7.9 g/t 1
SKUGGC24053 63.65 64.05 0.40 WCORE 2.24 0.9 0.4m @ 2.2 g/t 1
SKUGGC24053 70.87 71.40 0.53 WCORE 2.03 1.1 0.5m @ 2.0 g/t 1
SKUGGC24053 82.00 82.77 0.77 WCORE 4.84 3.7 0.8m @ 4.8 g/t 1
SKUGGC24053 123.20 125.52 2.32 WCORE 3.85 8.9 2.3m @ 3.8 g/t 1
SKUGGC24053 130.80 131.88 1.08 WCORE 7.69 8.3 1.1m @ 7.7 g/t 1
SKUGGC24053 145.27 145.78 0.51 WCORE 3.71 1.9 0.5m @ 3.7 g/t 1
SKUGGC24054 6655858 303791 332 306 -5 180 13.45 14.00 0.55 WCORE 4.33 2.4 0.6m @ 4.3 g/t 1
SKUGGC24054 19.50 20.15 0.65 WCORE 2.39 1.6 0.7m @ 2.4 g/t 1
SKUGGC24054 53.12 53.73 0.61 WCORE 1.61 1.0 0.6m @ 1.6 g/t 1
SKUGGC24054 65.00 65.99 0.99 WCORE 1.52 1.5 1.0m @ 1.5 g/t 1
SKUGGC24054 72.27 72.91 0.64 WCORE 8.77 5.6 0.6m @ 8.8 g/t 1
SKUGGC24054 79.32 83.47 4.15 WCORE 5.49 22.8 4.2m @ 5.5 g/t 1
SKUGGC24054 Incl 80.13 80.48 0.35 WCORE 11.81 4.1 0.4m @ 11.8 g/t 10
SKUGGC24054 Incl 82.73 83.47 0.74 WCORE 10.68 7.9 0.7m @ 10.7 g/t 10

22

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC24054 106.05 107.40 1.35 WCORE 2.16 2.9 1.4m @ 2.2 g/t 1
SKUGGC24054 122.60 123.45 0.85 WCORE 1.26 1.1 0.9m @ 1.3 g/t 1
SKUGGC24054 131.30 132.00 0.70 WCORE 1.93 1.4 0.7m @ 1.9 g/t 1
SKUGGC24054 149.03 151.50 2.47 WCORE 13.36 33.0 2.5m @ 13.4 g/t 1
SKUGGC24054 Incl 151.10 2.07 WCORE 14.33 29.7 2.1m @ 14.3 g/t 10
149.03
SKUGGC24055 6655858 303791 332 302 -6 189 17.20 17.70 0.50 WCORE 2.16 1.1 0.5m @ 2.2 g/t 1
SKUGGC24055 60.00 61.73 1.73 WCORE 3.53 6.1 1.7m @ 3.5 g/t 1
SKUGGC24055 65.65 69.61 3.96 WCORE 2.18 8.6 4.0m @ 2.2 g/t 1
SKUGGC24055 112.40 113.26 0.86 WCORE 4.08 3.5 0.9m @ 4.1 g/t 1
SKUGGC24055 135.87 137.64 1.77 WCORE 11.65 20.6 1.8m @ 11.7 g/t 1
SKUGGC24055 Incl 137.34 1.47 WCORE 13.75 20.2 1.5m @ 13.8 g/t 10
135.87
SKUGGC24055 165.26 168.30 3.04 WCORE 3.50 10.6 3.0m @ 3.5 g/t 1
SKUGGC24055 Incl 165.88 0.32 WCORE 15.76 5.0 0.3m @ 15.8 g/t 10
165.56
SKUGGC24056 6655858 303791 332 296 -5 207 62.57 64.68 2.11 WCORE 8.79 18.5 2.1m @ 8.8 g/t 1
SKUGGC24056 Incl 62.57 63.00 0.43 WCORE 17.47 7.5 0.4m @ 17.5 g/t 10
SKUGGC24056 82.03 85.53 3.50 WCORE 14.51 50.8 3.5m @ 14.5 g/t 1
SKUGGC24056 Incl 82.03 84.00 1.97 WCORE 21.11 41.6 2.0m @ 21.1 g/t 10
SKUGGC24056 144.00 146.33 2.33 WCORE 10.02 23.3 2.3m @ 10.0 g/t 1
SKUGGC24056 Incl 146.00 0.90 WCORE 18.09 16.3 0.9m @ 18.1 g/t 10
145.10
SKUGGC24056 181.00 182.00 1.00 WCORE 4.42 4.4 1.0m @ 4.4 g/t 1
SKUGGC24057 6655953 303828 347 287 -16 93 11.69 12.64 0.95 WCORE 4.33 4.1 1.0m @ 4.3 g/t 1
SKUGGC24057 Incl 12.34 12.64 0.30 WCORE 10.25 3.1 0.3m @ 10.3 g/t 10
SKUGGC24057 77.27 85.36 8.09 WCORE 12.47 100.9 8.1m @ 12.5 g/t 1
SKUGGC24057 Incl 77.84 78.23 0.39 WCORE 12.33 4.8 0.4m @ 12.3 g/t 10
SKUGGC24057 Incl 80.89 85.36 4.47 WCORE 19.23 86.0 4.5m @ 19.2 g/t 10
SKUGGC24058 6655953 303828 347 282 -25 81 13.49 16.34 2.85 WCORE 1.07 3.1 2.9m @ 1.1 g/t 1
SKUGGC24058 67.80 68.10 0.30 WCORE 1.20 0.4 0.3m @ 1.2 g/t 1
SKUGGC24059 6655983 303779 319 158 40 21 5.00 5.37 0.37 WCORE 1.56 0.6 0.4m @ 1.6 g/t 1
SKUGGC25001 6655939 303802 296 309 10 75 54.35 58.25 3.90 WCORE 2.81 10.9 3.9m @ 2.8 g/t 1
SKUGGC25001 Incl 57.88 58.25 0.37 WCORE 10.79 4.0 0.4m @ 10.8 g/t 10
SKUGGC25001 61.47 63.37 1.90 WCORE 8.33 15.8 1.9m @ 8.3 g/t 1
SKUGGC25001 Incl 62.12 62.50 0.38 WCORE 15.34 5.8 0.4m @ 15.3 g/t 10
SKUGGC25002 6655939 303802 296 325 7 114 16.00 16.60 0.60 WCORE 1.16 0.7 0.6m @ 1.2 g/t 1
SKUGGC25002 42.60 43.49 0.89 WCORE 1.24 1.1 0.9m @ 1.2 g/t 1
SKUGGC25002 47.52 54.30 6.78 WCORE 8.31 56.3 6.8m @ 8.3 g/t 1
SKUGGC25002 Incl 48.50 52.55 4.05 WCORE 10.76 43.6 4.1m @ 10.8 g/t 10
SKUGGC25002 71.93 72.23 0.30 WCORE 1.79 0.5 0.3m @ 1.8 g/t 1
SKUGGC25002 77.37 78.66 1.29 WCORE 11.03 14.2 1.3m @ 11.0 g/t 1
SKUGGC25002 Incl 77.37 78.33 0.96 WCORE 14.48 13.9 1.0m @ 14.5 g/t 10
SKUGGC25003 6655939 303802 296 335 7 96 43.64 45.70 2.06 WCORE 4.06 8.4 2.1m @ 4.1 g/t 1
SKUGGC25003 48.99 53.74 4.75 WCORE 4.75 22.6 4.8m @ 4.8 g/t 1
SKUGGC25003 Incl 49.64 50.30 0.66 WCORE 10.80 7.1 0.7m @ 10.8 g/t 10
SKUGGC25003 Incl 51.18 51.55 0.37 WCORE 15.90 5.9 0.4m @ 15.9 g/t 10
SKUGGC25003 68.76 69.84 1.08 WCORE 8.01 8.7 1.1m @ 8.0 g/t 1

23

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC25003 80.11 80.41 0.30 WCORE 1.40 0.4 0.3m @ 1.4 g/t 1
SKUGGC25003 83.34 83.64 0.30 WCORE 2.67 0.8 0.3m @ 2.7 g/t 1
SKUGGC25003 91.26 95.79 4.53 WCORE 1.35 6.1 4.5m @ 1.3 g/t 1
SKUGGC25004 6655939 303802 296 347 8 75 49.36 52.64 3.28 WCORE 2.16 7.1 3.3m @ 2.2 g/t 1
SKUGGC25004 Incl 51.96 52.30 0.34 WCORE 10.47 3.6 0.3m @ 10.5 g/t 10
SKUGGC25004 58.73 59.19 0.46 WCORE 1.01 0.5 0.5m @ 1.0 g/t 1
SKUGGC25004 70.12 71.50 1.38 WCORE 5.96 8.2 1.4m @ 6.0 g/t 1
SKUGGC25005 6655939 303802 295 309 -1 75 43.26 45.70 2.44 WCORE 4.82 11.8 2.4m @ 4.8 g/t 1
SKUGGC25005 Incl 43.86 44.16 0.30 WCORE 12.03 3.6 0.3m @ 12.0 g/t 10
SKUGGC25005 51.12 51.72 0.60 WCORE 3.94 2.4 0.6m @ 3.9 g/t 1
SKUGGC25005 54.74 55.32 0.58 WCORE 3.32 1.9 0.6m @ 3.3 g/t 1
SKUGGC25005 59.23 62.11 2.88 WCORE 2.51 7.2 2.9m @ 2.5 g/t 1
SKUGGC25006 6655939 303802 295 326 -2 117 42.47 46.48 4.01 WCORE 4.46 17.9 4.0m @ 4.5 g/t 1
SKUGGC25006 Incl 44.89 45.22 0.33 WCORE 11.03 3.6 0.3m @ 11.0 g/t 10
SKUGGC25006 Incl 45.97 46.48 0.51 WCORE 16.19 8.3 0.5m @ 16.2 g/t 10
SKUGGC25006 49.64 52.38 2.74 WCORE 3.79 10.4 2.7m @ 3.8 g/t 1
SKUGGC25006 Incl 49.64 50.13 0.49 WCORE 13.84 6.8 0.5m @ 13.8 g/t 10
SKUGGC25006 76.98 78.00 1.02 WCORE 8.48 8.6 1.0m @ 8.5 g/t 1
SKUGGC25006 Incl 76.98 77.56 0.58 WCORE 13.57 7.9 0.6m @ 13.6 g/t 10
SKUGGC25006 95.06 95.54 0.48 WCORE 2.89 1.4 0.5m @ 2.9 g/t 1
SKUGGC25007 6655940 303802 295 335 -3 99 46.10 49.04 2.94 WCORE 1.53 4.5 2.9m @ 1.5 g/t 1
SKUGGC25007 51.33 54.15 2.82 WCORE 10.36 29.2 2.8m @ 10.4 g/t 1
SKUGGC25007 Incl 52.00 52.63 0.63 WCORE 21.76 13.7 0.6m @ 21.8 g/t 10
SKUGGC25007 65.20 65.55 0.35 WCORE 2.97 1.0 0.4m @ 3.0 g/t 1
SKUGGC25007 68.10 68.50 0.40 WCORE 1.46 0.6 0.4m @ 1.5 g/t 1
SKUGGC25007 75.81 76.92 1.11 WCORE 5.83 6.5 1.1m @ 5.8 g/t 1
SKUGGC25007 91.80 92.23 0.43 WCORE 5.76 2.5 0.4m @ 5.8 g/t 1
SKUGGC25011 6655939 303802 295 326 -10 123 42.20 42.99 0.79 WCORE 2.38 1.9 0.8m @ 2.4 g/t 1
SKUGGC25011 51.16 53.71 2.55 WCORE 2.12 5.4 2.6m @ 2.1 g/t 1
SKUGGC25011 72.48 73.30 0.82 WCORE 7.93 6.5 0.8m @ 7.9 g/t 1
SKUGGC25011 95.63 96.16 0.53 WCORE 3.25 1.7 0.5m @ 3.3 g/t 1
SKUGGC25011 102.16 102.65 0.49 WCORE 9.58 4.7 0.5m @ 9.6 g/t 1
SKUGGC25012 6655939 303802 295 335 -11 108 41.46 47.65 6.19 WCORE 2.68 16.6 6.2m @ 2.7 g/t 1
SKUGGC25012 Incl 43.35 43.65 0.30 WCORE 31.55 9.5 0.3m @ 31.6 g/t 10
SKUGGC25012 49.96 51.14 1.18 WCORE 8.47 10.0 1.2m @ 8.5 g/t 1
SKUGGC25012 Incl 50.65 51.14 0.49 WCORE 13.64 6.7 0.5m @ 13.6 g/t 10
SKUGGC25012 53.30 54.46 1.16 WCORE 10.54 12.2 1.2m @ 10.5 g/t 1
SKUGGC25012 67.95 68.63 0.68 WCORE 3.95 2.7 0.7m @ 3.9 g/t 1
SKUGGC25012 78.02 78.96 0.94 WCORE 6.13 5.8 0.9m @ 6.1 g/t 1
SKUGGC25012 93.47 96.31 2.84 WCORE 4.04 11.5 2.8m @ 4.0 g/t 1
SKUGGC25012 Incl 94.51 94.81 0.30 WCORE 12.22 3.7 0.3m @ 12.2 g/t 10
SKUGGC25012 Incl 95.71 96.01 0.30 WCORE 10.89 3.3 0.3m @ 10.9 g/t 10
SKUGGC25016 6655857 303791 332 320 -12 177 13.55 13.85 0.30 WCORE 1.73 0.5 0.3m @ 1.7 g/t 1
SKUGGC25016 48.00 49.00 1.00 WCORE 2.44 2.4 1.0m @ 2.4 g/t 1
SKUGGC25016 69.13 72.57 3.44 WCORE 4.23 14.6 3.4m @ 4.2 g/t 1
SKUGGC25016 Incl 71.37 71.93 0.56 WCORE 10.96 6.1 0.6m @ 11.0 g/t 10

24

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC25016 80.18 82.69 2.51 WCORE 4.00 10.0 2.5m @ 4.0 g/t 1
SKUGGC25016 113.28 114.50 1.22 WCORE 1.79 2.2 1.2m @ 1.8 g/t 1
SKUGGC25016 122.43 123.94 1.51 WCORE 6.17 9.3 1.5m @ 6.2 g/t 1
SKUGGC25016 136.20 137.40 1.20 WCORE 3.27 3.9 1.2m @ 3.3 g/t 1
SKUGGC25016 Incl 137.40 0.30 WCORE 11.11 3.3 0.3m @ 11.1 g/t 10
137.10
SKUGGC25017 6655857 303791 332 314 -11 180 14.77 15.11 0.34 WCORE 1.05 0.4 0.3m @ 1.1 g/t 1
SKUGGC25017 21.00 22.00 1.00 WCORE 1.52 1.5 1.0m @ 1.5 g/t 1
SKUGGC25017 52.07 52.83 0.76 WCORE 4.76 3.6 0.8m @ 4.8 g/t 1
SKUGGC25017 60.00 60.93 0.93 WCORE 1.38 1.3 0.9m @ 1.4 g/t 1
SKUGGC25017 70.75 72.00 1.25 WCORE 1.58 2.0 1.3m @ 1.6 g/t 1
SKUGGC25017 74.77 76.37 1.60 WCORE 3.26 5.2 1.6m @ 3.3 g/t 1
SKUGGC25017 82.60 84.85 2.25 WCORE 2.63 5.9 2.3m @ 2.6 g/t 1
SKUGGC25017 114.40 115.04 0.64 WCORE 2.39 1.5 0.6m @ 2.4 g/t 1
SKUGGC25017 119.58 121.76 2.18 WCORE 2.17 4.7 2.2m @ 2.2 g/t 1
SKUGGC25017 128.95 129.40 0.45 WCORE 1.43 0.6 0.5m @ 1.4 g/t 1
SKUGGC25017 135.33 136.28 0.95 WCORE 8.63 8.2 1.0m @ 8.6 g/t 1
SKUGGC25017 Incl 136.28 0.63 WCORE 10.33 6.5 0.6m @ 10.3 g/t 10
135.65
SKUGGC25017 143.00 143.60 0.60 WCORE 1.90 1.1 0.6m @ 1.9 g/t 1
SKUGGC25017 162.75 163.73 0.98 WCORE 11.18 11.0 1.0m @ 11.2 g/t 1
SKUGGC25017 Incl 163.43 0.68 WCORE 12.52 8.5 0.7m @ 12.5 g/t 10
162.75
SKUGGC25027 6656038 303877 306 329 19 69 16.71 21.09 4.38 WCORE 1.83 8.0 4.4m @ 1.8 g/t 1
SKUGGC25027 40.88 41.21 0.33 WCORE 2.84 0.9 0.3m @ 2.8 g/t 1
SKUGGC25027 47.08 49.04 1.96 WCORE 5.01 9.8 2.0m @ 5.0 g/t 1
SKUGGC25027 Incl 47.39 47.82 0.43 WCORE 14.52 6.2 0.4m @ 14.5 g/t 10
SKUGGC25027 54.23 56.94 2.71 WCORE 3.52 9.5 2.7m @ 3.5 g/t 1
SKUGGC25027 Incl 56.18 56.58 0.40 WCORE 10.26 4.1 0.4m @ 10.3 g/t 10
SKUGGC25028 6656038 303877 307 343 18 72 6.50 7.15 0.65 WCORE 2.26 1.5 0.7m @ 2.3 g/t 1
SKUGGC25028 21.34 23.05 1.71 WCORE 1.81 3.1 1.7m @ 1.8 g/t 1
SKUGGC25028 32.78 33.33 0.55 WCORE 5.46 3.0 0.6m @ 5.5 g/t 1
SKUGGC25028 40.40 41.24 0.84 WCORE 5.58 4.7 0.8m @ 5.6 g/t 1
SKUGGC25028 49.52 50.07 0.55 WCORE 9.38 5.2 0.6m @ 9.4 g/t 1
SKUGGC25028 54.08 56.40 2.32 WCORE 8.80 20.4 2.3m @ 8.8 g/t 1
SKUGGC25028 Incl 54.58 55.06 0.48 WCORE 27.04 13.0 0.5m @ 27.0 g/t 10
SKUGGC25032 6656038 303877 306 336 6 72 17.35 17.70 0.35 WCORE 1.74 0.6 0.4m @ 1.7 g/t 1
SKUGGC25032 19.94 20.30 0.36 WCORE 2.87 1.0 0.4m @ 2.9 g/t 1
SKUGGC25032 32.88 33.55 0.67 WCORE 2.35 1.6 0.7m @ 2.3 g/t 1
SKUGGC25032 36.80 38.95 2.15 WCORE 3.78 8.1 2.2m @ 3.8 g/t 1
SKUGGC25032 Incl 36.80 37.10 0.30 WCORE 12.41 3.7 0.3m @ 12.4 g/t 10
SKUGGC25032 Incl 38.35 38.65 0.30 WCORE 13.26 4.0 0.3m @ 13.3 g/t 10
SKUGGC25032 42.07 42.60 0.53 WCORE 11.38 6.0 0.5m @ 11.4 g/t 1
SKUGGC25032 56.40 61.60 5.20 WCORE 7.05 36.7 5.2m @ 7.1 g/t 1
SKUGGC25032 Incl 57.88 58.30 0.42 WCORE 38.90 16.3 0.4m @ 38.9 g/t 10
SKUGGC25032 Incl 60.90 61.60 0.70 WCORE 20.37 14.3 0.7m @ 20.4 g/t 10
SKUGGC25033 6656038 303877 306 351 5 72 6.45 6.75 0.30 WCORE 1.07 0.3 0.3m @ 1.1 g/t 1

25

MGA MGA RL Azi Dip End Depth Depth Sample Gram
Hole ID Interval Grade Au g/t interval Cut-off
North East Depth From To Type Metres
SKUGGC25033 23.38 23.70 0.32 WCORE 1.53 0.5 0.3m @ 1.5 g/t 1
SKUGGC25033 36.25 38.75 2.50 WCORE 16.01 40.0 2.5m @ 16.0 g/t 1
SKUGGC25033 Incl 36.70 38.45 1.75 WCORE 22.07 38.6 1.8m @ 22.1 g/t 10
SKUGGC25033 41.70 42.62 0.92 WCORE 5.91 5.4 0.9m @ 5.9 g/t 1
SKUGGC25033 57.00 59.35 2.35 WCORE 4.14 9.7 2.4m @ 4.1 g/t 1
SKUGGC25036 6656015 303815 319 296 31 39 0.42 1.25 0.83 WCORE 3.20 2.7 0.8m @ 3.2 g/t 1
SKUGGC25036 14.05 15.80 1.75 WCORE 4.70 8.2 1.8m @ 4.7 g/t 1
SKUGGC25036 26.61 28.71 2.10 WCORE 10.00 21.0 2.1m @ 10.0 g/t 1
SKUGGC25036 Incl 26.91 28.30 1.39 WCORE 13.24 18.4 1.4m @ 13.2 g/t 10
SKUGGC25037 6656015 303815 319 328 47 33 0.68 0.98 0.30 WCORE 11.99 3.6 0.3m @ 12.0 g/t 1
SKUGGC25037 12.69 14.19 1.50 WCORE 4.89 7.3 1.5m @ 4.9 g/t 1
SKUGGC25037 18.87 26.04 7.17 WCORE 17.03 122.1 7.2m @ 17.0 g/t 1
SKUGGC25037 Incl 19.50 23.33 3.83 WCORE 28.08 107.5 3.8m @ 28.1 g/t 10
SKUGGC25037 Incl 25.34 25.70 0.36 WCORE 11.54 4.2 0.4m @ 11.5 g/t 10

26

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

Section 1 Sampling Techniques and Data – 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 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.		 •
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 or quartered.
•
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. Surface diamond drilling core sample intervals selected
by geologist, defined by geological boundaries and half core sampled. Underground diamond core is whole core sampled. 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.
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 rigmounted cone splitter into calico bags which are submitted for assay. GC Drilling

27

Criteria JORC Code explanation Commentary
was carried out by Australian Surface Drill Contractors, Rock on Ground, Orlando Drilling and JDC Drilling. 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.		 •
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.
•
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. Underground face sampling domain logging of lithology, veining, alteration,
mineralisation/sulphides with each face mapped and photographed.
•
All holes weregeologicallylogged in their entiretyto a level of detail to support mineral resource estimation
Sub-sampling
techniques
and sample
preparation		 •
If core, whether cut or sawn and whether quarter,
half or all core taken.
•
If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry.
•
For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
•
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
•
Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling.
•
Whether sample sizes are appropriate to the grain
size of the material being sampled.		 •
Goldfields Group; RC samples were routinely collected at 1m intervals and riffle split. Diamond drill core samples were take n 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 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. 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 MiningCorporation Ltd;RAB samples were collected at 1m intervals from the drill hole usingaplastic bucket and laid on the

28

Criteria JORC Code explanation Commentary
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) MP-AES finish. Field duplicates, blanks and standards were submitted for QAQC analysis. Underground
core sample intervals selected by geologist and defined by geological boundaries and whole-core sampled. Whole core samples dried,
crushed, split and pulverised at the SGS site laboratory. Prepared samples despatched to SGS laboratories in Kalgoorlie for a 50g charge
Fire Assay (GO_FAP50V10) MP-AES finish. Underground face samples as per diamond drilling, including field duplicates, rock chip
samples taken via hammer sampling per geology domain. Face samples submitted to SGS Kalgoorlie for 350g photon 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 by aqua
regia/AAS with a detection limit of 0.01ppm and 1m samples assayed by Fire/AAS with a detection 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 MiningLimited - All samples were sent to the accredited onsite SGS laboratoryat Davyhurst for samplepreparation. Prepared

29

Criteria JORC Code explanation Commentary
drill samples were then despatched to SGS laboratories in Kalgoorlie for a 50g charge Fire Assay (GO_FAP50V10) with MP-AES finish. Face
samples submitted to SGS Kalgoorlie for 350g photon assay. 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
(barren basalt) 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. Face samples assayed as per diamond
core,includinga field duplicateper face.
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.
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 by the mine surveyors. Drill-hole downhole
surveys are recorded using an Axis digital tool (gyro). Grade control holes are all surveyed by the mine surveyors by RTKGPS. Grade
control holes are all downhole surveyed with north seeking gyro. 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.
•
At close of miningin 2023, OBM Gold surveyed the Sand Kingpit. Topographical control is considered adequate for resource modelling.

30

Criteria JORC Code explanation Commentary
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 compositinghas been applied.		 •
Drilling is predominantly on a 20mE X 20mN grid. Open pit grade control drilling was carried out on a nominal 5m X 5m grid
•
Underground diamond drilling – typical spacing for grade control purposes is 10m x 10m, targeting the main Big Dog Lode. Underground
face samples are taken each 3m/4m ore development cut.
•
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 composited to 1m intervals for resource estimation.
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) and E (090o) striking, north dipping
mineralisation. Underground diamond holes are collared from decline cuddies in sub-horizontal and inclined fans cutting across sub-
vertical lodes. Drill fans are oriented to intersect the main 060 lode (Big Dog) optimally.
•
It is not known whether there is any introduced sample bias due to drill orientation.
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 MiningCompany Ltd; Monthly QAQC reports were produced to monitor accuracy and precision.

31

Section 2 Reporting of Exploration Results – 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 Tenements M24/960 and M24/39, held by Siberia Mining Corporation Pty. Ltd., a wholly owned subsidiary of Ora
Banda Miningand Robert Charles Gardner,respectively. The tenements are ingood 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
M24/0039
Gardner, Robert
Charles
SIBERIA have rights to explore for Au & Ag in any form on M24/39. SIBERIA has
exclusive and overriding rights to continue to explore and mine on the reduced
area.
•
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 lodes dominantly strike E-W
(though NE-SW lodes arepresent)and dipsteeplyto 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
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 clearlyexplain whythis is the case.		 •
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.

32

Criteria JORC Code explanation Commentary
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 clearlystated.		 •
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
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’).		 •
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. Underground diamond
drilling is flat to gently inclined and perpendicular to the main 060 lodes so true widths are similar but less than intercept 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.
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
contaminatingsubstances.		 •
Metallurgical, geotechnical, environmental and engineering work has been completed for Sand King deposit and is included in the
Reserve estimate. See ASX announcement dated 1/7/2024.
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.
•
Statutory approvals for UG mining in place

33

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