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ORE RESOURCES LIMITED Capital/Financing Update 2018

Mar 5, 2018

65504_rns_2018-03-05_9b45776d-9c9a-4693-94e1-884513accd2f.pdf

Capital/Financing Update

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6 March 2018 Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000

Auroch acquires two high-grade zinc projects in world class Australian base metals region

Highlights

  • The Arden Zinc Project ( Arden ) has the potential to host large-scale zinc, lead, copper and cobalt stratiform sedimentary exhalative (SEDEX) deposits

  • Large 710km[2] Exploration Licence (EL) already granted with several key mineralised targets already identified within the tenure

  • Multiple assays of between 9-10% zinc and 0.1% cobalt in historic trench-sampling at the Arden target over a strike length of 1.5km, with a total strike length of the prospective geological unit of over 10km

  • Up to 2.5% cobalt[1] from recent sampling at the Kanyaka target within the Arden Project

  • The Arden Project is supported by excellent infrastructure including rail, sealed roads and grid power

  • The Bonaventura Zinc Project ( Bonaventura ) covers highly prospective geology and historic mines along 30km of strike of the regional-scale Cygnet-Snelling Fault

  • Previous drilling at Bonaventura hit high-grade zinc intersections, including:

    • 16m @ 3.4% Zn and 0.7% Pb from 52m (including 6m @ 6.3% Zn )

    • 11m @ 3.1% Zn and 1.5% Pb from 26m (including 1m @ 8.0% Zn )

  • Samples from the historic Kohinoor gold mine returned grades up to 28 g/t Au

  • The Bonaventura Project has several high-grade zinc (base-metal) and gold targets that are drill-ready

Auroch Minerals Limited ( Auroch or the Company ) is pleased to announce it has entered into binding agreements the effect of which is that Auroch will acquire 90% of the tenement known as the Arden Zinc Project ( Arden Project ) and 100% of the tenement known as the Bonaventura Zinc Project

1 Semi-quantitative assay using a portable XRF device

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

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(Bonaventura Project ) located in the world-class base-metal mining region of South Australia, subject to shareholder approval.

Auroch Executive Chairman Glenn Whiddon commented : “The Arden Project and Bonaventura Project in South Australia comprise a substantial zinc, lead and copper play supported by excellent infrastructure. The projects cover several historical mines and provide multiple targets. This acquisition provides Auroch with multiple drill-ready targets for large scale base-metal mineralisation that will be systematically evaluated in 2018”.

Arden Project

Tenure & Location

The Arden Project is located 35 kilometres to the nor-northeast of Quorn, approximately 3.5 hours’ drive north from Adelaide along highways and sealed roads. The project comprises a large exploration licence (EL) of 710km[2] and has predominantly been cleared for farming comprising light grazing and some crops. The railway passes just to the south of the tenement, and there are several port options relatively close-by, as well as Nyrstar’s large base-metals smelter and refinery in Port Pirie. Grid power is available, and telecommunications are good.

Historical Workings

The Arden Project contains several small historic mines for zinc, lead, copper, iron and manganese that were worked at various times between 1850 and 1920. Between 1966 and 1972, Kennecott (Rio Tinto Group) undertook zinc mining and exploration. During this time Kennecott delineated over 10km of strike of potential Sedex zinc mineralisation via trenching, resulting in anomalous zinc intersections up to 40m wide . However, only 200m of the 10km of strike was drill-tested by 4 holes (450m) in 1968, and none of the holes reached the target depths to test for primary sulphide mineralisation.

Since 1980 the Arden Project area has been the focus of diamond exploration, and as such no further zinc and/or other base-metal exploration has occurred. Sampling completed last year by the vendors confirmed the zinc results reported by Kennecott, as well as discovering a new gossan which assayed up to 10% zinc a further 1,500m to the north along strike from the last Kennecott trench. Further sampling in 2017 also resulted in assays of up to 2.5% cobalt from soil samples taken from the Kanyaka target, which was historically mined by Kennecott for zinc and copper. Full tables of results are included in Appendix C.

Bonaventura Project

Tenure & Location

The Bonaventura Project comprises a large exploration licence (EL) of 234km[2] in the northern part of Kangaroo Island. The project area has been previously cleared for grazing, and the infrastructure and access are good.

Historical Workings

The Bonaventura Project contains several small historic zinc, copper and gold mines, and was mostrecently explored by Monax Mining Limited. Several targets have been drill-tested, with the best intersections coming from the Bonaventura target from drill-hole BVRC03 ( 16m @ 3.4% Zn and 0.7%

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

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Pb from 52m (including 6m @ 6.3% Zn) ) and drill-hole BVDD004 ( 11m @ 3.1% Zn and 1.5% Pb from 26m (including 1m @ 8.0% Zn) ). A full table of results is included in Appendix B. The Vinco target, which is situated 1,500m along strike from the Bonaventura target, has had high-resolution helimag, induced polarisation (IP) and gravity surveys completed, resulting in coincident gravity and chargeability anomalies that present a drill-ready target. Soil-sampling over the Bonaventura Project has also been completed and shows strong zinc anomalism following the strike of the regional CygnetSnelling Fault, although in places there is transported cover that masks the anomaly. Lead anomalism up to 2,700ppm has also been delineated by the surface geochemistry results. In addition to the base metal targets, the Kohinoor target remains highly prospective for gold mineralisation, with historic composite samples taken from the first level of the main historic workings including results of 28 g/t Au , 9.5 g/t Au , 5.2 g/t Au , and 3.2 g/t Au .

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Figure 1 - Location of the Arden and Bonaventura Projects in the world-class zinc and copper region of South Australia

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

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Geology & Mineralisation

The Arden Project and the Bonaventura Project are located in the major geological province known as the Adelaide Geosyncline, a rift complex that formed between the Neoproterozoic and the end of the Cambrian during the break-up of the supercontinent Rodinia.

Both project areas comprise significant areas of sedimentary rocks that were deposited during the Cambrian, which unconformably overlie the Neoproterozoic strata and the older Gawler craton basement which lies to the west. These Cambrian units, which were subsequently deformed and metamorphosed during the Delamerian Orogeny, are of particular interest as they are the host units of all known Sedex-style mineralisation in the region.

The Arden Project is in the same geological units as Perilya Limited’s Beltana Zinc Mine along strike to the north, which has total Mineral Resources of 972,000 tonnes at 29.8% zinc for almost 300,000 tonnes of contained zinc metal[2] .

Likewise, the Bonaventura Project is in similar geological settings to Terramin Australia Limited’s Angas Zinc Mine (Remaining Mineral Resources: 1.29Mt @ 5.75% Zn & Pb[1] ) and Hillgrove Resources Limited’s Kanmantoo Copper Mine ( 34.5Mt @ 0.6% Cu & 0.1g/t Au[1] ).

The target mineralisation style for the Arden and Bonaventura Projects is two-fold. The main focus is on the Sedimentary exhalative (Sedex) mineralisation for which the region is renown. Sedex deposits occur as stratiform layers of precipitated ore that result from the release of ore-bearing hydrothermal fluids into the ocean, often in rift basin settings. The genesis of such mineralisation leads to continuous, relatively-uniform layers of ore that are typically high-grade. The second possible mineralisation style present is structurally-controlled, whereby ore-bearing fluids, possibly resulting from subsequent deformation of existing Sedex deposits, travel along major conduits such as faults, resulting in concentrated zinc and base metal mineralisation in and immediately next to these large structures. Both mineralisation styles have been observed on the projects by previous workers, and both can lead to economically-viable ore deposits.

Work Programme & Budget

The Company has planned an aggressive systematic exploration programme for both the Arden and Bonaventura Projects. At Arden, site reconnaissance mapping, rock chip and soil-sampling will begin immediately in the known target areas. A portable XRF will be used to quickly cover large areas with tightly-spaced soil samples, the results of which can be used to recognise important vectors to mineralisation. Laboratory assaying of the samples will be used where necessary, and auger sampling is proposed for areas of transported cover. All existing open-file geophysics data will be processed, followed by a high-resolution aeromagnetic survey over the whole tenement. The necessary permitting and access agreements will be completed for the generated target areas such that the maiden drilling programmes of the highest-priority targets can begin in the beginning of Q3 this year.

At the Bonaventura Project, re-processing and interpretation of the existing high-resolution geophysical data will begin immediately. Site reconnaissance mapping, rock chip and soil-sampling of the known target areas will take place in parallel. The necessary permitting and access agreements

2 Taken from Department of State Development’s “South Australia’s Major Operating/Approved Mines – Resource Estimates and Production Statistics” 19/02/2018

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

Auroch Minerals Ltd ABN 91 148 966 545

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will be completed for the generated target areas such that the maiden drilling programmes of the highest-priority targets can begin in Q2 this year.

Subsequent exploration work will depend on results from these initial programmes, and will be a mix of follow-up work on the highest-priority targets together with initial testing of the second-priority targets. The Company intends to spend over $1.3M on exploration in the first 12 months.

Key Commercial Terms

The key commercial terms of acquisitions are summarised below:

  • a. Auroch will acquire 90% of the Arden Zinc Project and 100% of the Bonaventura Zinc Project.

  • b. Exclusivity arrangements enable exclusive due diligence until 6 April 2018 (or such later date agreed by the parties).

  • c. Completion of the acquisitions is conditional on the satisfaction or waiver of various conditions precedent including completion of due diligence, obtaining the necessary Auroch shareholder approvals and obtaining any regulatory approvals required to complete the acquisitions.

  • d. At completion of the acquisitions Auroch will issue a total of:

  • i. 8,300,000 shares;

  • ii. 6,400,000 class A performance shares which vest on publication of a JORC (2012) Indicated Resource for the Arden Zinc Project of at least 3Mt @ greater than 10% ZnEq with a cut-off grade of at least 3% ZnEq;

  • iii. 2,300,000 class B performance shares which vest on publication of a JORC (2012) Indicated Resource for the Bonaventura Zinc Project of at least 2Mt @ greater than 10% ZnEq, with a cut-off grade of at least 5% ZnEq; and

  • iv. 2,300,000 class C performance shares which vest on publication of a JORC (2012) Indicated Resource for the Bonaventura Zinc Project of at least 5Mt @ greater than 10% ZnEq, with a cut-off grade of at least 5% ZnEq.

  • e. The above consideration securities are subject to voluntary escrow restrictions such that 1/3 will be freely tradable on issue, 1/3 will be escrowed for 6 months following completion and 1/3 will be escrowed for 12 months following completion.

  • f. Auroch is also required to reimburse vendor costs of $150,000 as part of the acquisitions.

  • g. Contemporaneous with the acquisitions, Auroch has agreed to issue 1,500,000 ordinary shares to the party that introduced the acquisitions as well as 1,000,000 class D performance shares which vest if any of the above performance milestones applicable to the class A, class B and class C performance shares are achieved. Auroch also proposes to issue a total of 8,000,000 performance rights to Auroch directors, employees or contractors which vest over 2 years subject to continuous service with the Company.

A notice of meeting containing further details in relation to the acquisitions will be dispatched to shareholders shortly.

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

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For further information visit www.aurochminerals.com or contact:

Auroch Minerals Limited

Glenn Whiddon

Executive Chairman

T: +61 8 9486 4036

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Peter Sheehan and represents an accurate representation of the available data. Mr Sheehan (Member of the Australian Institute of Mining and Metallurgy) is the Company’s Chief Geological Officer and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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 Sheehan consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

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Appendix A – JORC Code, 2012 Edition - Table 1 Report

Section 1 Sampling Techniques and Data

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

Criteria Commentary
Sampling
techniques
ARDEN
●Recent reconnaissance rock chip samples were selected by geologists looking for expressions of
mineralisation.
●Reconnaissance rock chip samples were generally analysed by portable XRF machine (Niton
3XLT). Some samples were also submitted for assay determination.
●1966-67 drilling: Sampling intervals of 10-12.5 feet were used. For DRY sampling all material
was collected in a bin before being split into 3-5 pound samples for assay determination. For
WET sampling material was run through a splitter and 1/4 of sample was collected before being
split into 3-5 pound samples for assay determination..
●1966-67 trenching & drilling: Assay determination was done at Australian Mineral Development
Laboratories by a semi-quantitative spectrographic analysis.
BONAVENTURA
●2002 Havilah AC (PRC1-32): Sampling was a combination of: 1m, 2m, 4m and 6m samples.
●June 2006 Monax RC (BVRC001-011): Sampling was a combination of: 1m, 2m, and 4m samples.
●2008 DD drilling: After detailed logging, the core was quarter cut and selected intervals were
sent to Genalysis Laboratories for geochemical analysis by AT/ICP-MS for: Au(1ppb) Pd(1ppb)
Pt(1ppb) by FA25/AAS, Cr(2) Cu(1) Ni(1) Zn(1) by AT/ICP-OES and Ag(0.1) As(1) Ce(0.01) Co(0.1)
Mo(0.1) Nd(0.01) Pb(2) Sn (0.1) U (0.01) W(0.1).
●2008 rock chip survey at Konihoor: The rock chip sampling program at the historic Kohinoor gold
mine was designed to test for high grade gold in quartz veins mined by historic miners in the
1890’s. Rock chip samples were collected over a 1 m cross section of the mineralised quartz
veins and include components of the altered host sandstone. Thicknesses of the veins sampled
are generally less than 1 m but the zones originally mined may have been structurally thickened.
Drilling
techniques
ARDEN
●1966-67 drilling at Radford Creek and Mt Arden was by non-core, rotary drilling. Drilling used an
Ingersoll-Rand, truck mounted Drillmaster with air as the drilling medium.
●2007 drilling at Kanyaka was by Reverse Circulation (Percussion) and completed by Budd
Contract Exploration. 11 holes were drilled. All holes were inclined -60 degrees.
●2008 drilling at Kanyaka was by Reverse Circulation and completed by GOS. 6 holes were drilled.
5 were inclined at -60 degrees and 1 was vertical.
BONAVENTURA
●June 2006: RC Percussion drilling program (BVRC001-011). Drill hole pre-collars were completed
by either RC air core or Open Hole hammer drilling, cased with 6” PVC and cemented with
Gypset. Drill holes were then drilled by RC Percussion to refusal, generally caused by high influx
of groundwater into the hole.
●June 2006 RC drilling: Drill samples were analysed for: Au, Ag, As, Ce, Co, Cr, Cu, Mo, Nd, Ni, Pb,
Pd, Pt, Sn, U, W, and Zn by a combination of: Fire Assay,
●2008 March DD drilling: A total of 1449.2m of HQ/NQ drilling was completed at the
Bonaventura Prospect. All holes had shallow rotary mud pre-collars (3-6m) and were then cored
HQ to 100-150m and NQ drilled below this. The drill holes were all surveyed and the core was
oriented.
●2014 September DD drilling at Vinco prospect. The drilling program comprised two (2) diamond
drill holes (from surface) (VDD1401 – 450.1m, VDD1402 – 504m) for a total of 954.1m.
●2014 September DD drilling: The drill core was geologically logged. Measurements of the
magnetic susceptibilityand specificgravity (usingArchimedesprincipal)were taken on one

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

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Criteria Commentary
sample in every tray of drill core. No geochemistry was undertaken on the drill core.
Drill sample
recovery
ARDEN
●Original drill hole logs are available for historic holes.
●Recovery was an issue in 1966-67 percussion drilling with many holes having to be abandoned.
●No issues were noted for 2007-2008 drilling.
BONAVENTURA
●Original drill hole logs are available for historic holes.
Logging ARDEN
●Geologists employed qualitative logging which includes: depth, colour, weathering, water table,
lithology, alteration and mineralisation.
●Original drill hole logs are available for all historic holes.
BONAVENTURA
●Geologists employed qualitative logging which includes: depth, colour, weathering, water table,
lithology, alteration and mineralisation.
●Original drill hole logs are available for all historic holes.
Sub-sampling
techniques and
sample
preparation
ARDEN
●1966-67 trenches were don with bulldozer on hire from Brambles Industrial Services of Whyalla.
oRadford Creek: 5 trenches were cut to 2-5 feet and sampled by cutting a continuous
channel in the trench floor. Sample lengths ranged from 3-10 feet.
oMt Arden: 9 trenches were cut to 2-5 feet and sampled by cutting a continuous channel in
the trench floor. Sample lengths ranged from 5-10 feet.
oKanyaka: 5 trenches were cut to 4-10 feet and sampled by cutting a continuous channel in
the trench floor. Sample lengths ranged from 3-10 feet.
●No information has been located for QAQC on historic samples.
BONAVENTURA
●No information has been located forQAQC on historic samples
Quality of assay
data and
laboratory tests
ARDEN
●No information has been located for QAQC on historic samples
●Recent reconnaissance samples were submitted to Bureau Veritas Minerals Pty Ltd in Adelaide.
Samples have been fused with Sodium Peroxide and subsequently the melt has been dissolved
in dilute Hydrochloric acid for analysis. Fe,Mn,S,Zn have been determined by Inductively
Coupled Plasma (ICP) Optical Emission Spectrometry. Ag,Co,Cu,Pb have been determined by
Inductively Coupled Plasma (ICP) Mass Spectrometry.
●2007-08 drilling: Sample intervals were 2m. Assay determination was done at ALS Laboratories
by analysis ME-ICP61. Only Cu and Zn are reported.
BONAVENTURA
●2008 DD drilling: Duplicate sample data as plotted for Ag, Cu, Pb and Zn. In general, the results
show very good consistency, particularlythe Cu and Zn results.
Verification of
sampling &
assaying
ARDEN
●For recent reconnaissance - No blanks or field duplicates were submitted. Bureau Veritas run
internal QAQC protocols including, lab duplicates and standards.
●There is no information on QAQC for historic data
BONAVENTURA
●2008 DD drilling: Duplicate sample data as plotted for Ag, Cu, Pb and Zn. In general, the results
show very good consistency, particularlythe Cu and Zn results.
Location of data
points
ARDEN
●Historic Drilling/Trenchingwas located bytraditional surface survey. Where historic

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

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Criteria Commentary
collars/trenches are still able to be located on the ground and they have been picked up with
handheld Garmin GPS as a check.
●Some historic work has been completed on local grids, however all data is transformed and
displayed in UTM WGS 84 Zone 54.
BONAVENTURA
●Historic Drilling/Trenching was located by traditional surface survey. Where historic
collars/trenches are still able to be located on the ground and they have been picked up with
handheld Garmin GPS as a check.
Data spacing and
distribution
ARDEN
●Not relevant for sampling by Auroch
●Historic drilling is generally oriented perpendicular to interpreted strike of mineralisation and is
sufficient for the early stage of the project.
BONAVENTURA
●Historic drilling is generally oriented perpendicular to interpreted strike of mineralisation and is
sufficient for the earlystage of theproject.
Orientation of
data in relation
to geological
structure
ARDEN
●Historic drilling was conducted at close to 90 degrees to geological structure.
BONAVENTURA
●Historic drillingwas conducted at close to 90 degrees togeological structure.
Sample security ARDEN
●Samples were collected by field geologist, numbered and bagged and delivered immediately to
assay laboratory.
●There is no information on chain of custody for historic data.
BONAVENTURA
●Samples were collected by field geologist, numbered and bagged and delivered immediately to
assay laboratory.
●There is no information on chain of custodyfor historic data.
Audits or reviews ●Not completed

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

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Section 2 Reporting of Exploration Results

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

Criteria Commentary
Mineral
tenement and
land tenure
status
ARDEN
●Exploration Licence 5821 (Arden Zinc Project) is registered under the name of Resource
Holdings Pty Ltd.
BONAVENTURA
●Exploration Licence 5973 (Bonaventura Project) is held by Zinc Mining Pty. .
Exploration done
by other parties
ARDEN

Electrolytic Zinc Co. and Kennecott Exploration (1966-1971)

Electrolytic Zinc explored in the project area predominantly for strata bound lead-zinc
mineralisation. They undertook extensive regional stream sediment surveys, particularly in the
Kanyaka (EL 3265) and Radford Creek (EL 3693) areas focussing on the Cambrian Limestones.
They focussed on historic workings using mapping and some trenching, with follow up shallow
drilling to evaluated prospects.

Zinc values of up to 1740ppm. recorded from the eastern syncline (Ragless Range) area. In
general, stream sediment zinc values between 100ppm and 1700ppm reflect zinc mineralisation
averaging between 0.3% and 3.0% zinc in surface trenching.

Anomalous copper, lead and zinc stream sediment values were recorded from the Comstock
area (southern end of western syncline); copper values ranged up to 98 ppm., lead to 410ppm.
and zinc to 1000ppm.

The stream sediment sampling indicated that the large strike lengths (>10km) of the Lower
Cambrian formations were anomalous with respect to copper, lead and zinc.

Geo Developments Pty Ltd (1996-1999)

This work has focussed on reviewing previous exploration data, mapping and limited sampling,
followed up by some shallow RC drilling e.g. at Radford Creek (EL 3693).

Copper Range Ltd (2007-2008)

Copper Ranges undertook several soil sampling geochemical surveys over the Kanyaka, Black
Jack and Radford Prospects and undertook a shallow drilling program at Kanyaka.

Most of the drilling at Kanyaka was ineffective and did not reach target depth due to drilling
problems (deep oxidation and poor sample return). Only limited sections of 2 holes were
analysed (approximately 40 samples total) with both showing strongly anomalous zinc.

Previous soil sampling by Copper Range highlighted a copper in soil anomaly extending from the
mine area to the south east, following the trend of small copper-bearing shears exposed in the
costeans. The soil grid was extended during February 2008 and located substantial copper and
zinc anomalism associated with a shear zone.

The latter area was of interest for zinc due to the structurally complex nature of the zone and
the ferruginous dolomite, which are characteristic of the high-grade zinc deposits around
Beltana

Resource Holdings (2016-present)

A number of historic exploration sites and mines were evaluated by a combination of:
reconnaissance mapping and rock chip sampling, semi-quantitative analysis with hand held XRF,
and assay determination of rock chips.
BONAVENTURA

The Koh-i-noor Au Mine was discovered in 1886 by prospector E. Prime. This was followed by
discoveries of Pb/Zn at the Perseverance/Grainger’s workings, Cu at Bonaventura and Cu/Au/Pb
at the Cygnet Mine between 1886 and 1899. The most work was completed at the Koh-i-noor
Mine with several shafts and drives being excavated to a depth of approximately 60m. Sporadic
work was undertaken at the variousprospects in the early1900’s and the 1920’s. Prospecting

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

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Criteria Commentary
associated with this period located the Rainbow’s End (Mt Brown) Au prospect.

Past exploration in the tenement area, which dates from 1968, has been relatively limited.
Commodities targeted include base metals, bauxite, kaolin, gold, diamonds and, most recently,
zinc. Base metal exploration carried out between 1968 and 1982 by Elcor Australia Pty Ltd
(Donovan, P.R., 1969, 1970), AOG Minerals Pty Ltd (Burnside, E., 1973; Whiting, J.W. and
Cowan, D., 1974), Aquila Minerals Ltd (Liddy, J.C., 1972), Preussag Australia Pty Ltd (Hosking,
A.J., 1976) and Shell Company of Australia Ltd (Reis, E., 1982) included stream sediment and soil
geochemical surveys, IP and resistivity surveys and limited diamond drilling. At Grainger’s Mine,
Preussag outlined a large area of elevated lead-zinc concentration in soils. AOG established the
presence of sub-economic lead-zinc-copper mineralisation at Dewrang prospect, where five
diamond drill holes revealed the presence of sphalerite, chalcopyrite, galena and marcasite rich
micro-fracture fillings, sometimes accompanied by low temperature hydrothermal alteration.

Comalco Ltd (Buchhorn, 1978) explored the area for bauxite and kaolin in 1978-79, but auger
drilling did not encourage further work.

Gold exploration between 1987 and 1993, by Tectonic Systems Pty Ltd (Robb, D.W., 1988) and
Pasminco Australia Ltd (Lees, T.C., 1993), focussed on the Cygnet mine. Tectonic Systems
reported low-order gold values in RC drilling, whilst RAB drilling by Pasminco intersected
anomalous copper (487 ppm Cu) and weak epigenetic gold mineralisation (up to 0.33 ppm Au)
at Cygnet mine. Pasminco also reported elevated base metal values in drill holes at Dewrang
prospect, but did not consider them sufficiently encouraging to warrant further work.

Department of Mines and Energy South Australia (SADME) (McCallum, 1991) investigated the
Grainger’s Mine from 1989 to 1990. Drilling of 14 percussion holes confirmed the presence of
zinc mineralisation in Cambrian bedrock beneath the Preussag soil anomaly. The best
intersection was 16 m @ 2.69% Zn, 0.45% Pb and 1.7 g/t Au. SADME suggested that the laterite
cover may be masking the surface geochemical response from this mineralisation.

Carnegie Minerals NL (Mateev, 1998) explored for diamonds on Kangaroo Island from 1996 to
1998. Stream sediment sampling did not recover diamonds or kimberlitic indicators.

From 2002 to 2004, Havilah Resources NL (Current EL) investigated the Grainger’s Mine,
following up earlier work by SADME. Havilah drilled 32 shallow aircore holes and intersected
high-grade zinc mineralisation at shallow depth (less than 40 m), with assays ranging up to
26.9% Zn, accompanied by up to 9.4% Pb. The zinc-lead mineralised zone continues along strike
for at least 400 m and lies within a broader halo of lower-grade zinc and lead mineralisation.
Assays up to 0.5 ppm gold and 9.4 ppm silver were also recorded. Havilah showed that the
pisolitic laterite layer was generally less than two metres thick, contained anomalous
concentrations of zinc and lead in places, and was thus probably a valid soil sampling medium
forgeochemical surveys.
Geology ARDEN

Regionally, the area lies within the Adelaide Fold and Thrust Belt, which contains
Neoproterozoic to late Cambrian sedimentary sequences. Rock types recognised within this
Precambrian, fault-bounded intracratonic trough are Neoproterozoic in age (1000 to 542 Ma)
with terrestrial and marine clastic, chemical and glaciogenic sediments (Preiss1987). These
formations have been deformed and metamorphosed (generally to greenschist facies) by at
least two major orogenic episodes: the Proterozoic Adelaide Fold Belt orogenic event and a
later Early Palaeozoic Delamerian Orogeny (Preiss 1987).
BONAVENTURA

The project area lies on the southern margin of the Gawler Craton of South Australia, covering a
33 km section of the Cygnet-Snelling Shear Zone (C-SSZ) on Kangaroo Island.

Bedrock in the project area generally consists of deep marine and shelf sediments of Cambrian
age. The tenements enclose a section of the east-west trending C-SSZ for a distance of 33
kilometres. North of this fault zone, lightly metamorphosed, shallow water, shelf sediments of
the Kangaroo Island Group crop out. These mainly include greenschist facies siltstones, shales
and fine grained sandstones of the basal Mt McDonnell Formation. South of the fault zone are
more highly metamorphosed lower amphibolite facies metasediments of the Kanmantoo
Group,chieflythe finegrainedgreywackes of the Tapanappa Formation. The majorityof the

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

==> picture [162 x 44] intentionally omitted <==

Criteria Commentary
area is covered by relatively thin (<20m thick) Tertiary laterites and Quaternary alluvial deposits
making exploration difficult away from the deeply incised C-SSZ.
●The C-SSZ is a deep crustal feature, and is interpreted to coincide at depth with the southern
margin of the Gawler Craton. Gold and base metal occurrences are found along much of the C-
SSZ, including the historic Grainger’s Mine, Bonaventura Prospect, Dewrang Prospect and the
Kohinoor Goldfield.
Drill hole
Information
ARDEN

Presented in Tables as Appendices
BONAVENTURA
●Presented in Tables as Appendices
Data
aggregation
methods
ARDEN
●No data has been aggregated
BONAVENTURA
●No data has been aggregated
Relationship
between
mineralisation
widths and
intercept lengths
ARDEN
●The mineralisation is interpreted to be moderately dipping. Drill holes have been angled to
intercept the mineralisation as close to perpendicular as possible.
●Down hole intercepts are reported. True widths are likely to be 70-80% of the down hole
widths.
BONAVENTURA
●The mineralisation is interpreted to be moderate-flat dipping. Drill holes have been angled to
intercept the mineralisation as close to perpendicular as possible.
●Down hole intercepts are reported. True widths are likely to be 75% of the down hole widths.
Diagrams ●See above
Balanced
reporting
ARDEN
●The author has made every attempt to.
BONAVENTURA
●The author has made every attempt to.
Other
substantive
exploration data
ARDEN
●All meaningful and material data relating to this release is reported.
BONAVENTURA
●All meaningful and material data relating to this release is reported.
Further work ARDEN
●An exploration work program including: mapping & surface sampling, geophysical surveys and
interpretation, and drilling and assaying is planned for the coming 12 months.
BONAVENTURA
●An exploration work program including: mapping & surface sampling, geophysical surveys and
interpretation, and drilling and assaying is planned for the coming 12 months.

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

==> picture [162 x 44] intentionally omitted <==

Appendix B – Table of Historic Drill-holes and Significant Intercepts at the Bonaventura Project

Hole_ID Hole_Type Easting Northing RL Dip Azimuth Max_Depth Significant Intersections(1% cut-off, 1m min. width, max. 2m int. dilution)
PRC1 AC 701800 6046082 117.8 -60 58 44.0 [email protected]%Zn & 9.46%Pb from 16m incl. [email protected]%Zn & 17.36%Pb from 17m
PRC2 AC 701778 6046070 119.7 -60 48 22.0 [email protected]%Zn & 0.73%Pb from 18m incl. [email protected]%Zn & 0.67%Pb from 18m
PRC3 AC 701781 6046073 119.4 -60 48 41.0 [email protected]%Zn & 0.55%Pb from 29m
PRC4 AC 701826 6046071 117.1 -60 34 48.0 [email protected]%Zn & 0.37%Pb from 30m
PRC5 AC 701810 6046051 118.9 -60 38 47.0 [email protected]%Zn & 0.15%Pb from 17m
PRC6 AC 701834 6046086 115.8 -60 46 46.0 NIS
PRC7 AC 701796 6046039 119.0 -60 40 19.0 NSI
PRC8 AC 701864 6046068 114.0 -60 42 38.0 NSI
PRC9 AC 701852 6046054 115.5 -60 42 38.0 [email protected]%Zn & 0.47%Pb from 22m
PRC10 AC 701841 6046033 117.0 -60 43 40.0 NSI
PRC11 AC 701896 6046038 112.5 -60 43 34.0 NSI
PRC12 AC 701880 6046028 114.2 -60 45 30.0 NSI
PRC13 AC 701804 6046096 116.8 -60 45 26.0 NSI
PRC14 AC 701833 6046096 115.3 -60 20 34.0 NSI
PRC15 AC 701794 6046079 118.3 -60 45 34.0 [email protected]%Zn & 0.49%Pb from 20m
PRC16 AC 701766 6046063 120.6 -60 46 48.0 NSI
PRC17 AC 701750 6046051 122.0 -60 30 24.0 NSI
PRC18 AC 701693 6045998 125.4 -60 37 59.0 NSI
PRC19 AC 701766 6046107 118.0 -60 35 28.0 NSI
PRC20 AC 701753 6046093 119.5 -60 35 49.0 NSI
PRC21 AC 701742 6046078 120.8 -60 35 28.0 NSI
PRC22 AC 701720 6046066 121.8 -60 35 37.0 NSI
PRC23 AC 701708 6046055 122.4 -60 35 39.0 NSI
PRC24 AC 701695 6046038 123.2 -60 35 35.0 NSI
PRC25 AC 701631 6045997 125.7 -60 35 49.0 NSI
PRC26 AC 701615 6045981 126.7 -60 35 59.0 NSI
PRC27 AC 701730 6046126 117.7 -60 30 33.0 [email protected]%Zn & 0.22%Pb from 14m
PRC28 AC 701695 6046133 117.5 -60 30 24.0 NSI
PRC29 AC 701651 6046141 116.5 -60 35 21.0 NSI
PRC30 AC 701490 6046138 114.6 -60 10 29.0 NSI
PRC31 AC 701803 6046044 119.6 -60 40 52.0 [email protected]%Zn & 1.39%Pb from 25m
PRC32 AC 701790 6046034 120.6 -60 35 49.0 NA
BVRC01 RC 701624 6046293 114.0 -60 0 120.0 NSI
BVRC02 RC 701787 6046295 124.0 -60 0 85.0 [email protected]%Zn & 0.26%Pb from 52m
BVRC03 RC 701932 6046252 124.0 -60 335 169.0 4m @ 2.06%Zn & 2.15%Pb from 16m
[email protected]%Zn & 0.62%Pb from 34m incl. [email protected]%Zn & 0.75%Pb from 40m
BVRC04 RC 702185 6045900 109.0 -60 5 175.0 NSI
BVRC05 RC 702329 6045855 113.0 -60 355 115.0 NSI
BVRC06 RC 702416 6045784 119.0 -60 0 121.0 NSI
BVRC07 RC 702414 6045863 110.0 -60 0 127.0 NSI
BVRC08 RC 701874 6046125 122.0 -60 0 85.0 2m @ 1.77%Zn & 0.34%Pb from 64m
2m @ 1.48%Zn & 0.29%Pb from 70m
[email protected]%Zn & 0.02%Pb from 76m
BVRC09 RC 702097 6046142 118.0 -60 0 103.0 NSI
BVRC10
BVRC11
RC/DDH
RC
701870
701799
6046187
6046078
132.0
137.0
-60
-60
50
50
231.7
85.0
1m @ 3.33%Zn & 4.58%Pb from 56m
1m @ 1.67%Zn & 1.12%Pb from 63m
2m @ 4.10%Zn & 0.08%Pb from 93m
1m @ 1.48%Zn & 0.01%Pb from 98m
3m @ 2.02%Zn & 0.25%Pb from 102m
1m @ 1.65%Zn & 0.08%Pb from 108m
1m @ 2.61%Zn & 0.10%Pb from 112m
6m @ 1.39%Zn & 0.04%Pb from 115m
2m @ 2.19%Zn & 1.40%Pb from 168m
1m @ 1.67%Zn & 0.07%Pb from 173m
1m @ 1.92%Zn & 0.15%Pb from 179m
2m @ 1.63%Zn & 1.40%Pb from 168m
1m @ 1.67%Zn & 0.07%Pb from 173m
1m @ 1.92%Zn & 0.15%Pb from 179m
[email protected]%Zn & 0.53%Pb from 76m
BVDD002 DDH 702081 6045978 131.0 -60 284 143.9 [email protected]%Zn & 2.84%Pb from 130m
BVDD004 DDH 701915 6046264 129.0 -60 90 113.8 1m @ 5.27%Zn & 6.44%Pb from 16m
11m @ 3.08%Zn & 1.52%Pb from 26m incl. 1m @ 7.97%Zn & 1.41%Pb from 34m & 1m @ 5.44%Zn & 3.31%Pb from 36m
4m @ 2.27%Zn & 0.07%Pb from 42m incl. 1m @ 6.27%Zn & 0.21%Pb from 42m
2m @ 2.48%Zn & 1.47%Pb from 51m
[email protected]%Zn & 3.55%Pb from 56m incl. [email protected]%Zn & 5.09%Pb from 56m
BVDD005 DDH 701878 6046266 129.0 -60 90 217.1 1m @ 1.92%Zn & 0.20%Pb from 53m
1m @ 1.58%Zn & 0.68%Pb from 71m
2m @ 0.01%Zn & 1.22%Pb from 91m
1m @ 1.20%Zn & 0.10%Pb from 97m
[email protected]%Zn & 2.94%Pb from 125m incl. [email protected]%Zn & 3.49%Pb from 126m
BVDD006 DDH 701897 6046219 131.0 -60 90 120.0 1m @ 1.38%Zn & 0.01%Pb from 71m
3m @ 1.77%Zn & 0.09%Pb from 77m
1m @ 1.46%Zn & 0.22%Pb from 82m
[email protected]%Zn & 0.04%Pb from 110m
BVDD007 DDH 701847 6046218 132.0 -60 90 264.8 1m @ 1.35%Zn & 0.13%Pb from 32m
1m @ 0.06%Zn & 1.58%Pb from 48m
1m @ 0.11%Zn & 1.26%Pb from 52m
1m @ 1.28%Zn & 0.21%Pb from 70m
1m @ 6.80%Zn & 0.16%Pb from 75m
1m @ 1.77%Zn & 0.12%Pb from 82m
6m @ 2.97%Zn & 0.65%Pb from 85m incl. 1m @ 10.25%Zn & 1.12%Pb from 90m
12m @ 2.58%Zn & 0.03%Pb from 94m incl. 1m @ 7.37%Zn & 0.01%Pb from 98m
1m @ 3.00%Zn & 1.28%Pb from 112m
8m @ 2.54%Zn & 0.01%Pb from 117m incl. 1m @ 5.83%Zn & 0.01%Pb from 121m & 1m @ 5.96%Zn & 0.01%Pb from 124m
[email protected]%Zn & 0.01%Pb from 244m
BVDD008 DDH 701859 6046167 133.0 -60 80 119.6 1m @ 1.24%Zn & 0.29%Pb from 43m
5m @ 0.12%Zn & 1.80%Pb from 46m
1m @ 3.54%Zn & 0.02%Pb from 53m
5m @ 3.12%Zn & 2.10%Pb from 58m incl. 2m @ 6.96%Zn & 5.06%Pb from 61m
1m @ 0.48%Zn & 1.28%Pb from 66m
7m @ 1.81%Zn & 0.05%Pb from 89m
5m @ 0.12%Zn & 1.55%Pb from 98m
2m @ 1.36%Zn & 0.15%Pb from 111m
[email protected]%Zn & 0.00%Pb from 118m
BVDD009 DDH 701815 6046168 134.0 -60 80 239.3 9m @ 0.10%Zn & 1.58%Pb from 42m
3m @ 2.14%Zn & 0.01%Pb from 103m
8m @ 1.72%Zn & 0.22%Pb from 110m
1m @ 1.98%Zn & 0.03%Pb from 123m
1m @ 2.95%Zn & 0.00%Pb from 130m
[email protected]%Zn & 0.00%Pb from 136m

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

==> picture [162 x 44] intentionally omitted <==

Appendix C – Table of Historic Trenching and Assays at the Arden Project

– - Arden Target Trench Rock Chips and Channel sampling

PROSPECT Sample_Type East North RL Zn(%) Co(ppm) Cu(ppm) Pb(ppm)
MA - Trench 7
MA - Trench 7
MA - Trench 7
MA - Trench 7
MA - Trench 7
MA - Trench 7
MA - Trench 7
MA - Trench 7
MA - Trench 7
MA - Trench 7
MA - Trench 7 (N extension)
MA - Trench 7 (N extension)
MA - Trench 7 (N extension)
MA - Trench 7 (N extension)
MA - Trench 7 (N extension)
MA - Trench 7 (N extension)
MA - Trench 7 (N extension)
MA - Trench 7 (N extension)
MA - Trench 7 (N extension)
MA - Trench 7 (N extension)
MA - Trench 7(N extension)
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
Rock Chip
224801
224799
224796
224794
224792
224789
224787
224785
224782
224780
225159
225167
225175
225184
225197
225202
225210
225225
225255
225262
225282
6440210
6440212
6440212
6440215
6440214
6440215
6440216
6440214
6440218
6440219
6441448
6441449
6441450
6441454
6441451
6441449
6441446
6441443
6441453
6441458
6441465
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
7.52
6.23
4.06
2.74
4.98
7.32
7.59
5.56
9.88
8.67
2.38
9.30
7.88
2.73
1.94
2.26
8.46
4.08
1.90
2.33
2.81
170
170
310
640
990
260
180
850
180
220
580
1080
920
920
590
1040
940
840
620
620
800
350
370
300
240
270
390
260
980
270
280
340
850
750
110
70
70
810
550
250
310
350
100
120
60
80
20
60
140
60
40
120
260
960
680
180
140
400
860
240
260
260
260

*Projection MGA94_Zone54

Trench_ID Start Point Start Point End Point End Point Length (ft)
x y x y
Trench 1
Trench 2
Trench 3
Trench 4
Trench 5
Trench 6
Trench 7
Trench 8
220405
223700
223610
224055
224565
224580
224775
224765
6441925
6439105
6438560
6438385
6439565
6440055
6440225
6440235
220380
223640
223585
224025
224540
224555
224795
224785
6441925
6439105
6438560
6438385
6439565
6440080
6440210
6440250
130
190
90
110
90
100
70
90

*Projection MGA94_Zone54

Auroch Minerals Ltd ABN 91 148 966 545 1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

==> picture [162 x 44] intentionally omitted <==

Trench_ID From(ft) To(ft) Zn(ppm) Co(ppm) Pb(ppm)
Trench 1
Trench 1
Trench 1
Trench 1
Trench 1
Trench 1
Trench 1
Trench 1
Trench 1
Trench 1
Trench 1
Trench 1
Trench 1
0
10
20
30
40
50
60
70
80
90
100
110
120
10
20
30
40
50
60
70
80
90
100
110
120
130
36
40
57
79
77
57
125
78
119
137
97
102
106
56
144
66
53
85
53
140
66
76
79
66
50
63
24
32
56
32
32
36
110
200
120
73
150
210
235
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
Trench 2
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
160
165
170
175
180
185
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
160
165
170
175
180
185
190
2500
3400
4750
4450
1400
1700
2100
3050
3500
2400
1500
4300
6500
3750
2300
4400
3300
7600
5800
5700
3100
3300
1900
4300
750
650
1800
900
4400
800
130
60
90
50
37
40
52
49
96
140
205
170
153
53
44
47
53
47
38
66
69
56
35
69
63
185
144
35
38
630
140
250
32
26
26
17
198
17
14
11
23
20
11
11
14
11
47
34
34
34
87
96
91
78
96
141
64
68
96
113
82
87
64
64
64
165
170
630
370
165
104
200
170
165
118
210
82
160
440
22
<10
10
<10
<10

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

==> picture [162 x 44] intentionally omitted <==

Trench 3
Trench 3
Trench 3
Trench 3
Trench 3
Trench 3
Trench 3
Trench 3
Trench 3
0
10
20
30
40
50
60
70
80
10
20
30
40
50
60
70
80
90
105
90
2200
4900
8000
12000
108
54
25
17
8
40
92
255
295
17
20
14
104
310
240
113
68
118
160
51
60
Trench 4
Trench 4
Trench 4
Trench 4
Trench 4
Trench 4
Trench 4
Trench 4
Trench 4
Trench 4
Trench 4
0
10
20
30
40
50
60
70
80
90
100
10
20
30
40
50
60
70
80
90
100
110
800
300
1700
3650
3700
90
1700
165
2100
5500
3750
23
14
40
53
63
8
35
11
38
85
69
1620
370
1430
465
1390
220
745
685
970
275
215
Trench 5
Trench 5
Trench 5
Trench 5
Trench 5
Trench 5
Trench 5
Trench 5
Trench 5
0
10
20
30
40
50
60
70
80
10
20
30
40
50
60
70
80
90
16
21
74
3450
4000
9400
4150
1750
2750
8
<6
6
47
56
85
53
26
38
780
730
670
430
395
235
395
325
260
Trench 6
Trench 6
Trench 6
Trench 6
Trench 6
Trench 6
Trench 6
Trench 6
Trench 6
Trench 6
0
10
20
30
40
50
60
70
80
90
10
20
30
40
50
60
70
80
90
100
13000
14000
14000
1950
300
5800
6750
5900
1800
600
390
430
430
40
14
120
290
205
102
23
56
47
73
230
151
160
170
118
305
345
Trench 7
Trench 7
Trench 7
Trench 7
Trench 7
Trench 7
Trench 7
0
10
20
30
40
50
60
10
20
30
40
50
60
70
3700
3400
7200
14500
12000
35500
5800
96
112
230
300
205
166
63
195
22
60
43
51
75
500
Trench 8
Trench 8
Trench 8
Trench 8
Trench 8
Trench 8
Trench 8
Trench 8
Trench 8
1
10
19
28
37
46
55
64
73
10
20
30
40
50
60
70
80
90
400
4100
3500
5000
2400
400
145
1200
1100
26
140
123
200
96
20
14
66
40
141
87
60
64
100
127
47
113
132

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

==> picture [162 x 44] intentionally omitted <==

– Kanyaka Target Soil Samples

Prospect East North Cu (ppm) Niton_Cu
Error
Co (ppm) Niton_Co
Error
Pb (ppm) Niton_Pb
Error
Zn (ppm) Niton_Zn
Error
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
244600
244575
244550
244525
244499
244449
244401
244375
244351
244300
244249
244200
244150
244100
244051
244000
243950
243908
243900
243851
243799
243750
243700
243650
243624
243601
243551
243500
243450
243401
243350
243299
243250
243201
243150
243076
243100
243125
243150
243175
243200
243224
243250
243275
243299
243300
243324
243350
243374
243401
243425
243450
243475
243500
243525
243550
243575
243600
243624
6448800
6448801
6448800
6448801
6448800
6448800
6448800
6448805
6448800
6448800
6448800
6448800
6448801
6448800
6448799
6448799
6448800
6448796
6448801
6448800
6448800
6448800
6448801
6448801
6448800
6448801
6448800
6448800
6448800
6448800
6448800
6448800
6448801
6448800
6448800
6448400
6448401
6448399
6448400
6448400
6448400
6448400
6448401
6448400
6448423
6448400
6448400
6448400
6448400
6448400
6448400
6448400
6448400
6448401
6448400
6448400
6448401
6448400
6448400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42
0
0
0
0
0
0
0
0
0
0
0
0
0
39
39
41
68
36
38
41
55
36
37
38
34
42
37
36
34
35
44
34
36
29
32
35
33
30
31
30
35
29
34
33
30
33
35
27
29
31
30
29
31
31
35
30
31
34
24
36
35
30
28
30
29
33
38
36
35
37
48
29
0
0
0
0
0
0
0
0
0
0
0
0
0
0
783
360
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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0
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0
0
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0
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0
0
0
0
0
0
449
405
404
2667
361
405
365
324
363
399
370
289
438
409
342
237
347
607
324
338
261
302
291
342
322
336
286
255
275
326
326
311
368
385
167
285
232
253
315
300
258
302
251
305
211
296
269
250
236
269
267
245
257
378
376
281
335
353
207
28
35
41
44
31
47
20
0
38
26
21
24
42
23
50
29
36
36
47
44
39
28
42
35
29
20
58
15
0
24
21
21
24
21
0
26
17
23
16
0
26
21
20
24
91
0
22
21
19
16
24
0
18
43
34
37
32
27
18
14
14
16
23
14
16
13
20
14
13
12
12
17
13
16
13
13
16
14
14
13
12
14
13
12
11
15
10
15
12
11
11
12
12
14
12
10
12
10
15
11
11
11
12
19
14
11
11
11
10
11
15
10
14
14
14
13
15
10
62
62
95
181
64
42
59
0
44
197
70
85
126
184
242
46
60
0
33
80
27
72
81
66
65
81
35
37
39
62
58
56
65
0
0
0
0
0
0
32
0
49
0
40
46
88
66
65
0
53
61
0
48
87
79
62
86
86
0
26
24
28
77
24
23
25
44
22
35
25
25
33
34
39
22
22
39
19
23
17
22
24
23
23
23
18
19
19
22
21
21
22
30
22
26
26
27
26
19
24
20
25
20
20
23
22
22
26
20
21
25
19
25
25
24
25
30
22

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

==> picture [162 x 44] intentionally omitted <==

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243650
243675
243700
243722
243724
243750
243775
243800
243824
243850
243875
243900
243925
243950
243975
244000
244025
244050
244074
244100
244124
244150
244173
244200
244201
244176
244150
244125
244100
244075
244050
244038
244025
244000
243976
243951
243926
243900
243875
243850
243826
243800
243776
243751
243724
243700
243739
243734
243720
243717
243708
243694
243663
243649
243625
243600
243576
243550
243525
243501
6448400
6448401
6448400
6448399
6448399
6448400
6448400
6448401
6448401
6448400
6448400
6448400
6448400
6448399
6448401
6448400
6448400
6448401
6448399
6448400
6448401
6448400
6448400
6448399
6448000
6448000
6448000
6448000
6448000
6448000
6448000
6447994
6448000
6448000
6448000
6447999
6448000
6448000
6448000
6448000
6448000
6448000
6448000
6448000
6448000
6448000
6447947
6447947
6447949
6447951
6447957
6447963
6447999
6448001
6448000
6448000
6448000
6447999
6448000
6448000
0
47
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
110
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
64
0
0
0
0
0
0
0
48
56
114
32
28
40
45
39
37
35
35
36
36
37
42
33
41
38
41
39
35
34
38
35
35
39
37
34
35
35
39
40
42
39
34
42
44
43
36
34
30
41
37
34
38
34
33
28
25
49
39
29
32
53
39
36
36
33
39
39
24
25
32
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
273
313
335
440
304
292
319
328
346
351
369
343
344
350
363
394
369
335
350
328
373
361
352
387
361
356
361
337
380
387
374
377
380
406
445
464
352
337
381
379
316
326
329
294
195
227
760
370
220
463
292
240
347
309
240
303
336
279
219
309
37
50
28
0
24
31
27
31
30
18
31
22
26
0
28
22
23
22
36
28
32
28
22
31
29
22
39
28
27
28
44
20
43
26
48
38
42
42
51
97
36
53
32
32
23
16
120
42
31
45
36
0
43
41
34
52
78
73
43
88
13
15
14
18
13
14
13
14
14
12
14
13
13
17
14
13
13
12
15
14
14
13
13
15
14
12
15
13
14
15
16
12
16
14
16
15
14
14
17
21
14
17
13
13
10
10
26
17
13
16
17
19
14
14
12
16
19
16
13
18
44
70
37
0
65
41
80
33
52
74
75
57
45
67
73
47
56
53
53
67
42
85
67
62
66
61
66
70
92
103
105
39
82
60
98
123
71
77
133
233
74
78
56
38
28
0
506
153
180
556
146
154
55
58
0
82
129
126
80
177
19
24
23
35
25
21
25
20
23
25
26
25
23
25
26
25
24
22
24
25
22
26
25
26
25
24
25
25
28
31
29
22
27
25
28
31
24
24
32
37
23
26
22
20
16
24
60
35
31
55
37
34
21
21
25
26
29
25
22
31

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

==> picture [162 x 44] intentionally omitted <==

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243475
243451
243424
243400
243378
243377
243379
243372
243367
243362
243346
243338
243332
243325
243301
243275
243249
243225
243200
243175
243152
243137
243151
243177
243181
243187
243187
243199
243225
243250
243276
243300
243325
243349
243375
243374
243400
243425
243449
243474
243500
243524
243550
243574
243601
243625
243650
243700
243724
243750
243775
243800
243823
243850
243874
243899
243925
243949
243975
244000
6448000
6448000
6448000
6448000
6448001
6448000
6448000
6448004
6447999
6447993
6447990
6447988
6447993
6447999
6448000
6448000
6448000
6448000
6448000
6448000
6448000
6448150
6448151
6448151
6448157
6448155
6448149
6448151
6448149
6448150
6448150
6448150
6448150
6448149
6448135
6448150
6448150
6448150
6448150
6448149
6448150
6448150
6448150
6448151
6448150
6448150
6448151
6447599
6447600
6447601
6447600
6447600
6447601
6447601
6447601
6447600
6447600
6447600
6447600
6447601
185
109
108
99
406987
537
1150
227
610
887
214
896
216
107
42
0
0
0
0
0
0
0
188
444
8239
3050
719
182
398
187
308
150
400
262
372
458
551
298
184
228
53
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
37
30
32
31
3164
72
131
40
74
68
39
92
46
31
25
35
33
35
33
34
34
34
39
62
236
225
73
34
47
39
45
36
53
47
51
52
58
48
41
39
26
33
33
34
32
33
51
33
37
29
33
37
37
37
34
39
42
37
31
35
0
0
0
0
25466
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
345
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
364
330
372
363
1385
848
1714
283
937
176
189
695
229
349
347
383
319
346
387
359
308
338
373
593
448
3031
610
114
273
303
358
328
358
398
200
309
325
343
334
208
278
240
258
263
262
345
298
282
309
228
293
312
352
352
343
336
319
324
274
308
107
54
60
51
627
158
846
152
46
305
1164
7154
519
184
100
34
18
27
0
22
0
38
386
1288
216
185
851
170
417
147
205
117
116
110
320
89
114
57
73
87
40
22
30
0
0
33
125
26
34
0
20
39
27
41
25
27
31
39
37
58
20
15
16
15
100
29
82
23
18
31
60
186
46
25
19
13
11
13
16
11
15
13
37
73
30
43
58
22
35
24
27
21
22
22
34
18
20
17
19
18
14
11
12
16
15
13
26
12
13
14
11
14
14
15
12
14
14
15
13
16
300
119
102
81
67449
164
388
342
284
295
207
173
169
71
40
51
41
0
29
0
0
50
143
385
415
1400
568
0
158
364
120
92
295
280
72
487
358
52
67
98
29
0
52
37
56
62
237
0
0
0
39
206
96
87
63
95
83
99
67
86
37
26
26
24
1242
43
80
39
50
37
32
44
35
23
20
21
19
31
19
28
26
21
30
50
65
150
58
24
28
43
28
26
40
41
25
46
42
24
26
25
19
26
20
21
21
22
42
26
28
24
20
34
27
26
23
29
27
27
21
24

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au

==> picture [162 x 44] intentionally omitted <==

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Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
Kanyaka
244024
244050
244074
244149
244176
244199
244206
244224
244250
244275
244299
244325
244349
244375
244399
244426
244450
244474
244526
244551
244574
244600
244573
244647
6447600
6447601
6447601
6447600
6447600
6447599
6447595
6447600
6447601
6447600
6447599
6447601
6447600
6447601
6447599
6447599
6447600
6447600
6447601
6447600
6447600
6447600
6447548
6447674
0
0
0
0
0
70
171
0
49
0
0
0
0
0
0
0
0
0
0
0
0
0
50
0
38
35
34
33
32
31
44
36
30
41
36
35
41
45
37
36
32
35
34
39
49
31
32
76
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
365
319
261
232
228
315
352
195
333
324
341
305
359
197
303
293
316
331
345
282
391
308
298
1565
46
48
52
17
22
45
31
17
34
37
36
31
38
24
0
0
17
37
31
0
0
30
27
94
16
15
15
10
10
15
15
11
14
15
15
14
16
15
17
16
11
14
13
16
18
12
14
28
149
102
60
0
0
54
62
38
51
62
41
75
50
0
47
0
35
40
36
34
0
70
52
542
33
26
22
25
24
24
28
21
24
25
22
24
25
36
22
28
20
21
20
22
42
22
25
81
*Projection MGA94_Zone54

Auroch Minerals Ltd ABN 91 148 966 545

1A/1Alvan St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799 PO Box 510 Subiaco WA 6904 Email: [email protected] www.aurochminerals.com.au