PATERSON RESOURCES LTD — Capital/Financing Update 2022

Oct 9, 2022

ASX ANNOUNCEMENT 10 October 2022

RC drilling identifies new gold trend & extends Grace-Bemm deposit

HIGHLIGHTS

• New significant wide gold mineralisation intercepted over a trend of 750m along the Parallel Range Fault:
  • o 12m @ 1.18g/t Au from 138m including 1m @ 3.49g/t Au from 142m (PRC0004)
  • o 13m @ 1.43 g/t Au from 174m including 1m @ 12.91 g/t Au from 179m (PRC0006)
  • o 14m @ 0.60 g/t Au from 10m including 1m @ 3.73 g/t Au from 16m (PRC0007)
  • o 1m @ 9.73 g/t Au from 42m (PRC0008)
• Thick high grade gold intercept extends mineralisation at Genoa prospect:
  • o 19m at 1.44 g/t Au from 29m including 1m @ 15.93 g/t Au from 34m and 1m @ 2.8 g/t Au from 45m (PRC0010)
• Preliminary assay results received from infill and extensional drilling Grace-Bemm deposit indicate mineralisation remains open at depth. Significant intercepts include:
  • o 10m @ 0.86 g/t Au from 22m including 1m @ 3.2 g/t Au from 22m (PRC0011)
  • o 7m @ 1.2 g/t Au from 73m including 1m @ 3.61 g/t Au from 74m (PRC0012)
• Further results to be returned over the coming weeks

Paterson's Executive Director Matt Bull said today, "The assay results flowing in from RC program at the Grace Project are exceeding our expectations. A new zone of significant gold mineralisation is being outlined running parallel to the Grace-Bemm deposit, along the Parallel Range Fault. Down at Genoa, significant highgrade gold is still open at depth and the infill and extensional drilling at the Grace-Bemm deposit has extended the mineralised resource envelope along strike by nearly 200m. The results demonstrate there is potential to increase the resources at the Grace Project significantly. We are looking forward to receiving further results over the coming weeks."

Paterson Resources Limited ("Paterson" or "the Company") (ASX: PSL); is pleased to provide an update

on the results of the Company's RC drilling program.

RC drill during the 2022 program was designed to target dip and strike extensions of the Grace-Bemm deposit, extend known mineralisation at the Genoa prospect, along with testing the highly prospective Parralel Range Fault (Figure 1).

Figure 1. Overview of RC drilling completed this year

Geology and Mineralisation

Major rock types intercepted were the sediments of the Malu and Isdell formations. These sediments are highly mineralized with quartz, carbonate and albite veining with some quartz intercepts up to 20m thick. Trace sulphides, mostly pyrite, is common in the shales and siltstones associated with silicification of the country rock. Goethite and haematite alteration, a common association with gold mineralisation in the oxide zone, is also common as replacement of the original rock or as a bedded unit.

Parallel Range Fault

The Parallel Range Fault sits just over 380m south of the Grace-Bemm shear zone and strikes in roughly the same orientation. The regional structure remains largely untested by historical drilling. A total of eight drill holes were designed to test the structure at depth with six of the eight holes hitting significant gold mineralisation over a trend of nearly 750m (Figure 1). PRC0002 and PRC0003 intercepted a diorite/syenite/dolerite intrusion which exhibits background gold values between 0.01 and 0.1 g/t Au for almost the entire unit with two samples reaching over 0.1 g/t Au. Goethite alteration in the last 10 metres of PRC0003 was weakly mineralised with gold. This trend presents a high priority target for future drilling.

Genoa

A single hole was designed to test significant wide, shallow gold mineralisation, including 26m at 1.28g/t Au (GPB2205), along strike at the Genoa prospect (Figure 2). Mineralisation intercepted in PRC0010 has extended the mineralised trend to about 200 metres, with mineralisation remaining open both along strike and at depth.

Anomalous shallow gold mineralisation forms in the siltstones and sandstones of the Malu formation associated with quartz veining. The gold appears to be concentrated on the boundaries of these veins in highly weathered zones. PRC0010 (Figure 2) returned 19m at 1.4 g/t Au within sandstones of the Malu formation with a peak grade of 15.9g/t Au.

The geometry of the mineralised bodies is not well defined at this stage. Early interpretations indicate gold mineralisation is located in zones of intense veining and brecciation, with associated weak sulphidation, which are trending NNW-SSE.

Grace-Bemm Deposit

A total of 17 RC holes were designed to infill known gold mineralisation at the Grace-Bemm deposit, along with extending the known mineralised envelope down dip and along strike. Assay results have been received from four holes to date with all holes intersecting significant gold mineralisation.

Gold mineralisation intercepted in PRC0011 has extended the known trend along the SSW extension of the Grace-Bemm shear by 200 metres, with the trend remaining open along strike. Additionally, intercepts returned in PRC0012, PRC0015 and PRC0016 have extended mineralisation both up dip and down dip (Figure 3).

As additional results come in, the geometry of the mineralised envelope will become more evident. Further comment will be made up receival of the remaining assay results.

Figure 2: PRC0010 intercepted 19m of mineralised sandstones of the Malu Fm near the Parallel Range fault

Figure 3: PRC0012 intercepted 7m at 1.2 g/t Au

Table 1. Significant Au (g/t) intercepts

						Max. Au Intercept
Hole ID	From		ToInterceptAu (g/t)		From	To	Max
PRC0002				No significant results
PRC0003		No significant results
PRC0004	138	150	12	1.18	142	143	3.49
PRC0005				No significant results
PRC0006	88	91	3	0.47	88	89	0.73
PRC0006	123	127	4	0.33	124	125	0.66
PRC0006	141	148	7	0.3	143	144	0.7
PRC0006	174	187	13	1.43	179	180	12.91
PRC0007	10	24	14	0.60	16	17	3.73
PRC0008	42	43	1	9.73	42.0	43.0	9.73
PRC0009	97	100	3	2.52	97	98	1.22
PRC0009	108	110	2	0.89	108	109	1.01
PRC0010	29	48	19	1.44	34	35	15.93
PRC0011	22	32	10	0.86	24	25	3.24
PRC0011	82	97	15	0.34	85	86	1.20
PRC0011	120	125	5	0.43	122	123	1.45
PRC0012	73	80	7	1.2	74	75	3.61
PRC0013	Awaiting assays
PRC0014	Awaiting assays
PRC0015	15	21	6	0.4	17	18	1.1
PRC0016	99.0	113.0	14	0.7	103	104	3.48
PRC0017	Awaiting assays
PRC0018	Awaiting assays
PRC0019	Awaiting assays
PRC0020	Awaiting assays
PRC0021	Awaiting assays
PRC0022	Awaiting assays
PRC0023	Awaiting assays
PRC0024	Awaiting assays
PRC0025	Awaiting assays
PRC0026	Awaiting assays
PRC0027	Awaiting assays
PRC0028	Awaiting assays

• Significant intercepts are defined as ≥ 0.3 g/t with a maximum of 2m internal dilution.

Table 2. Drilling program details

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Depth
PRC0002	429122	7574793	299	202	-60.25	100
PRC0003	429133	7574832	299	200	-61.07	167
PRC0004	429709	7574636	299	200	-59.09	172
PRC0005	429718	7574676	298	197	-61.11	190
PRC0006	429845	7574599	299	200	-53.62	214
PRC0007	430093	7574527	299	196	-55.82	142
PRC0008	430103	7574557	299	197	-55.26	178
PRC0009	430391	7574458	302	195	-59.62	160
PRC0010	431919	7573755	297	17	-61.27	100
PRC0011	430480	7574595	301	196	-58.06	150
PRC0012	430431	7574604	301	197	-58.69	150
PRC0013	430382	7574622	301	199	-58.59	118
PRC0014	430360	7574721	300	197	-59.79	200
PRC0015	430291	7574664	299	196	-58.57	214
PRC0016	430315	7574745	299	197	-57.64	250
PRC0017	430158	7574740	296	199	-60.36	154
PRC0018	430171	7574787	296	199	-57.08	150
PRC0019	430090	7574744	296	198	-60.55	154
PRC0020	430127	7574817	296	197	-59.11	200
PRC0021	430011	7574775	297	198	-59.18	160
PRC0022	430020	7574803	296	197	-60.93	200
PRC0023	430027	7574830	296	197	-60.97	250
PRC0024	430643	7574620	300	197	-59.7	190
PRC0025	430652	7574652	300	201	-57.98	230
PRC0026	430737	7574589	300	200	-58.66	170
PRC0027	430750	7574628	300	200	-59.04	196
PRC0028	430969	7574486	299	200	-60.25	202

Paterson Province

The Grace Gold-Copper Project is in the heart of the Paterson Province, where multiple major exploration groups including Rio Tinto, Newcrest and Greatland Gold are actively exploring within the region. Significant discoveries proximal to Paterson's Grace Project include the Havieron gold-copper deposit to the north-east where Greatland Gold recently reported a 5.5 million ounce gold resource, Cyprium Metal's Maroochydore copper prospect to the south and the world-class 30-plus million ounce Telfer Gold-Copper Mine, owned by Newcrest, located 25km northwest. Figure 4 shows the Grace tenements and the significant regional discoveries and mines located nearby.

COMPETENT PERSON'S STATEMENT:

The information in this announcement that relates to exploration results is based on and fairly represents information reviewed or compiled by Mr Matt Bull, a Competent Person who is a Member ofthe Australian Institute of Geoscientists. Mr Bull is a Director of Paterson Resources Limited. Mr Bull has sufficient experience that is relevant to the styles of mineralisation and types 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 Bull has provided his prior written consent to the inclusion in this announcement of the matters based on information in the form and context in which it appears.

Disclaimer

Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware thatsuch statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Patersonoperates andproposesto operate aswellas general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Paterson Resources (PSL) control.

The Company does not undertake any obligation to update publicly or release any revisions to these forward-looking statementsto reflect events or circumstances aftertoday's date orto reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To themaximum extent permitted by law, none of PSL, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as at the date of this announcement.

This announcement is not an offer, invitation or recommendation to subscribe for, or purchase securities by PSL. Nor does this announcement constitute investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision.

This announcement has been approved for release to ASX by the Board of Paterson Resources

Section 1 – Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)
Criteria	JORC Code explanation	Commentary
Samplingtechniques	•Nature and quality of sampling (eg cutchannels, random chips, or specificspecialised industry standard measurementtools appropriate to the minerals underinvestigation, such as down hole gammasondes, or handheld XRF instruments, etc).These examples should not be taken aslimiting the broad meaning of sampling.•Include reference to measures taken toensure sample representivity and theappropriate calibration of anymeasurement tools or systems used.•Aspects of the determination ofmineralisation that are Material to thePublic Report.•In cases where 'industry standard' work hasbeen done this would be relatively simple(eg 'reverse circulation drilling was used toobtain 1 m samples from which 3 kg waspulverised to produce a 30 g charge for fireassay'). In other cases more explanationmay be required, such as where there iscoarse gold that has inherent samplingproblems. Unusual commodities ormineralisation types (eg submarinenodules) may warrant disclosure ofdetailed information.	•Drilling was completed using Reverse Circulation (RC)Drilling.•For each one metre drilled, the RC rig-mounted conesplitter collected the bulk of sample into plastic bags,these were placed onto the ground in rows of 30 to 50samples.•A smaller, representative 1m split sample of roughly 2.5kgwas collected from the splitters second port into anumbered calico bag.•The rig-split calico bags from individual one metersamples of geologically prospective zones, as determinedby the site geologist, were submitted to ALS Laboratoriesfor analysis.•An Ezy gyro survey was completed once drilling reachedapproximately 30m for each hole to ensure the holeazimuth and dip were on target. Upon completion ofdrilling a hole, the Ezy gyro down hole survey toolsurveyed the dip and azimuth of the entire hole at 30mincrements.
Drillingtechniques	•Drill type (eg core, reverse circulation,open-hole hammer, rotary air blast, auger,Bangka, sonic, etc) and details (eg corediameter, triple or standard tube, depth ofdiamond tails, face-sampling bit or othertype, whether core is oriented and if so, bywhat method, etc).	•RC drilling using T685/KWL700 truck mounted drill rigwith onboard 500PSI/1350cfm compressor and truckmounted support booster and auxiliary unit.•A nominal 5¼ inch face sampling reverse circulationpercussion hammer bit was used.
Drill samplerecovery	•Method of recording and assessing coreand chip sample recoveries and resultsassessed.•Measures taken to maximise samplerecovery and ensure representative natureof the samples.•Whether a relationship exists betweensample recovery and grade and whethersample bias may have occurred due topreferential loss/gain of fine/coarsematerial.	•The sample quality, in terms of degree of wetness and anestimate of the recovery, was recorded routinely by thefield geologist.•The cyclone was regularly cleaned, at the end of eachdrilling rod as a minimum, to ensure sample quality.•Based on the sampling method and sample weight no biasin the 1m sampling process has been identified.•A relationship between recovery and grade has not beenestablished for the first pass RC drilling.
Logging	•Whether core and chip samples have beengeologically and geotechnically logged to alevel of detail to support appropriateMineral Resource estimation, miningstudies and metallurgical studies.•Whether logging is qualitative orquantitative in nature. Core (or costean,channel, etc) photography.	•All drill meter samples had a grab sample sieved, washed,logged and stored by a suitably qualified and experiencedgeologist.•Logging was qualitive with semi-quantitative estimatesmade of relevant features such as percentage of quartzveins or sulphides.•100% of the samples were geologically logged.

Criteria	JORC Code explanation	Commentary
	•The total length and percentage of therelevant intersections logged.
Sub-samplingtechniques andsamplepreparation	•If core, whether cut or sawn and whetherquarter, half or all core taken.•If non-core, whether riffled, tube sampled,rotary split, etc and whether sampled wetor dry.•For all sample types, the nature, qualityand appropriateness of the samplepreparation technique.•Quality control procedures adopted for allsub-sampling stages to maximiserepresentivity of samples.•Measures taken to ensure that thesampling is representative of the in situmaterial collected, including for instanceresults for field duplicate/second-halfsampling.•Whether sample sizes are appropriate tothe grain size of the material beingsampled.	•The 1m samples were collected from a cone splitter viathe cyclone directly into pre-numbered calico bags,creating a nominal 2.5kg sample.•All samples were submitted to ALS laboratories in Perth.Most samples were dry with some moisture present atdepth in some holes.•Sample preparation for drill samples involved drying thewhole sample, pulverising to 85% passing 75 microns. A50g sample charge was then used for the fire assay.•Field Duplicate samples were taken as per Paterson'sQAQC sample procedure at a rate of 1:25.•Sample sizes are considered appropriate for the grain sizeof material sample.
Quality ofassay data andlaboratorytests	•The nature, quality and appropriateness ofthe assaying and laboratory proceduresused and whether the technique isconsidered partial or total.•For geophysical tools, spectrometers,handheld XRF instruments, etc, theparameters used in determining theanalysis including instrument make andmodel, reading times, calibrations factorsapplied and their derivation, etc.•Nature of quality control proceduresadopted (eg standards, blanks, duplicates,external laboratory checks) and whetheracceptable levels of accuracy (ie lack ofbias) and precision have been established.	•RC samples were submitted securely to an accreditedlaboratory in Perth.•A 50g sample was used to analyse gold by fire assay.•The fire assay analysis undertaken is considered to be atotal analysis method.•Paterson QAQC procedures collect field duplicates andinsert certified reference materials (CRMs). Standardswere inserted at a rate of 1:20, duplicate samples weretaken every 1:25 samples and blanks were inserted at1:50.•Laboratory CRMs and repeats have been received andused to assess laboratory reproducibility and accuracy.•The assaying techniques and quality control protocolsused are considered appropriate for the material testedand for the data to be used for reporting explorationdrilling results.•No geophysical tools were used in determining elementconcentrations.
Verification ofsampling andassaying	•The verification of significant intersectionsby either independent or alternativecompany personnel.•The use of twinned holes.•Documentation of primary data, data entryprocedures, data verification, data storage(physical and electronic) protocols.•Discuss any adjustment to assay data.	•No independent verification of results has beenconducted.•All sampling and assay data are stored in a securedatabase with restricted access.•Twinned holes are not considered necessary at this stage.•All data collected in the field is checked by the responsibleand qualified geologist and digitally transferred to Perth.Logging data was validated by geological staff and thenimported into the Paterson Microsoft Access database.
Location ofdata points	•Accuracy and quality of surveys used tolocate drill holes (collar and down-holesurveys), trenches, mine workings andother locations used in Mineral Resourceestimation.•Specification of the grid system used.•Quality and adequacy of topographiccontrol.	•Drill collar location was surveyed by handheld GPS to astated accuracy of +/-3m.•Rig was initially aligned on surface and direction of drillingwas collected and checked on regular 30m intervals usingthe Ezy Gyro downhole survey.•Datum GDA94 and projected MGA Zone 51.

Criteria	JORC Code explanation	Commentary
Data spacinganddistribution	•Data spacing for reporting of ExplorationResults.•Whether the data spacing and distributionis sufficient to establish the degree ofgeological and grade continuityappropriate for the Mineral Resource andOre Reserve estimation procedure(s) andclassifications applied.•Whether sample compositing has beenapplied.	•Drill holes were variably spaced to test the strike anddepth extents of historical intercepts, along with testingpriority regional targets identified by geophysicalmethods.•The drilling is part of a first pass program, at depths in thisarea not previously explored.•Data density is appropriately indicated in the presentationwith all sample positions shown in the plans provided.•The data obtained will not be used for any resourcecalculations at present.
Orientation ofdata in relationto geologicalstructure	•Whether the orientation of samplingachieves unbiased sampling of possiblestructures and the extent to which this isknown, considering the deposit type.•If the relationship between the drillingorientation and the orientation of keymineralised structures is considered to haveintroduced a sampling bias, this should beassessed and reported if material.	•Drillholes were orientated approximately 70-80 degreesto the Grace-Bemm shear zone and Parallel fault asdefined by previously drilling and 3D-modelled VTEM andthe IP geophysical surveys.•No sampling bias from the orientation of the drilling isbelieved to exist.•Assay results are reported as downhole widths.
Samplesecurity	•The measures taken to ensure samplesecurity.	•Samples were collected on site under supervison of aresponsible geologist. The samples are delivered to ahaulage company in Port Hedland for delivery to thelaboratory in Perth, Western Australia.
Audits orreviews	•The results of any audits or reviews ofsampling techniques and data.	•The data has not been audited as it is not required at thisstage.

Section 2 Reporting of Exploration Results

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

Criteria	JORC Code explanation	Commentary
Mineraltenement andland tenurestatus	•Type, reference name/number, locationand ownership including agreements ormaterial issues with third parties such asjoint ventures, partnerships, overridingroyalties, native title interests, historicalsites, wilderness or national park andenvironmental settings.•The security of the tenure held at the timeof reporting along with any knownimpediments to obtaining a licence tooperate in the area.	•P45/2905-2909, E45/4524 & E45/5310 are held directly orby entities controlled by Paterson Resources.•All tenements are contained completely within land wherethe Martu People have been determined to hold native titlerights. To the Company's knowledge no historical orenvironmentally sensitive sites have been recorded.•The tenements are in good standing and no knownimpediments exist.
Explorationdone by otherparties	•Acknowledgment and appraisal ofexploration by other parties.	•Previous exploration was completed by Newcrest MiningLimited (Newcrest), including its predecessor NewmontMining Australia, owners of the Telfer Gold Mine.•Exploration completed included geological mapping,geophysical surveys (IP, ground magnetics and groundgravity), rock chip sampling and drilling (RAB, RC anddiamond core drilling).•WAMEX reports reviewed and utilised to complete the datacompilation include A29118, A30479, A31642, A34922,A37495, A43922, A46877, A50323, A53741, and A79774.•Open file data available from the Geological Survey ofWestern Australia and Geoscience Australia has also beenreviewed.

Criteria	JORC Code explanation	Commentary
	•	Paterson acquired the project in 2020
Geology	•Deposit type, geological setting and style•of mineralisation.••	The geological setting is the Paterson Province Proterozoicaged meta-sediment hosted hydrothermal shear, fault andstrata/contact controlled precious and/or base metalmineralisation which is typically sulphide bearing. Themineralisation in the region is interpreted to be graniteintrusion related. The Paterson is a low-grade metamorphicterrane, but local hydrothermal alteration and/or contactmetamorphic mineral assemblages and styles are indicativeof a high-temperature local environment. Mineralisationstyles include vein, stockwork, breccia and skarns.The Grace Gold-Copper Project, gold-copper mineralisationis hosted by laminated and banded carbonaceous pyriticdolomitic siltstones and micritic dolomite. Intrusive doleritesill units are also known to be associated withmineralisation within the sequence, but granitic intrusioncould occur at depth below the project area. The host rocksare variably contorted and brecciated with intense albitealteration. High grade gold, chalcopyrite, +/-arsenopyrite,+/- pyrite occurs as veins which appear linear features andare spaced up to 50m apart. Based on recent Leapfrogmodelling of past work undertaken by Criterion, thereappears to be ore shoots associated with secondarystructures cutting the veins that have a plunge and havenot been adequately tested.Two principal targets are being targeted. Stacked reefsassociated with domal structure similar to the Telfer Gold–Copper Mine. The second target is gold mineralisationassociated with shear zones cross cutting dolerite unitsintruding the sedimentary sequence.
Drill holeInformation	•A summary of all information material tothe understanding of the explorationresults including a tabulation of thefollowing information for all Material drillholes:easting and northing of the drill holeocollarelevation or RL (Reduced Level –oelevation above sea level in metres) ofthe drill hole collardip and azimuth of the holeodown hole length and interceptionodepthhole length.o•If the exclusion of this information isjustified on the basis that the informationis not Material and this exclusion doesnot detract from the understanding of thereport, the Competent Person should	Hole IDEastingNorthingRLAzimuthDipDepthPRC00024291227574793299196-60100PRC00034291337574832299196-60167PRC00044297097574636299196-60166PRC00054297187574676298196-60190PRC00064298457574599299196-55214PRC00074300947574527299196-60142PRC00084301047574557299196-55178PRC00094303917574458302196-60160PRC0010431919757375530016-6099PRC00114304807574595300196-60150PRC00124304317574604300196-60150PRC00134303827574622300196-60118PRC00144303497574707300196-60200PRC00154302957574662300196-60214ongoin
Dataaggregationmethods	clearly explain why this is the case.•In reporting Exploration Results,•weighting averaging techniques,maximum and/or minimum grade•truncations (eg cutting of high grades)and cut-off grades are usually Materialand should be stated.•Where aggregate intercepts incorporate•	PRC00164303127574743300196-60gLithology is aggregated based on the primary lithologicalunit logged.Reported intercepts are compiled intervals showingaverage grades. No top cuts have been applied and amaximum 2m of internal dilution is used as defined by < 0.1g/t.Higher grade intervals are included separately next to the

Criteria	JORC Code explanation	Commentary
	short lengths of high grade results andlonger lengths of low grade results, theprocedure used for such aggregationshould be stated and some typicalexamples of such aggregations should beshown in detail.•The assumptions used for any reportingof metal equivalent values should beclearly stated.	reported intervals.•No metal equivalent values are used.
Relationshipbetweenmineralisationwidths andinterceptlengths	•These relationships are particularlyimportant in the reporting of ExplorationResults.•If the geometry of the mineralisation withrespect to the drill hole angle is known, itsnature should be reported.•If it is not known and only the down holelengths are reported, there should be aclear statement to this effect (eg 'downhole length, true width not known').	•The trend of the mineralization is understood at this time tobe NNW-SSE•Drilling aimed to intersect the mineralisationperpendicularly either in the direction SSW or NNE•Down hole lengths are reported and true widths are notknown.
Diagrams	•Appropriate maps and sections (withscales) and tabulations of interceptsshould be included for any significantdiscovery being reported These shouldinclude, but not be limited to a plan viewof drill hole collar locations andappropriate sectional views.	•Refer to figures in body for spatial context of the drilling. Aplan view and sectional view is provided.•Significant results are tabulated in the annexures.
Balancedreporting	•Where comprehensive reporting of allExploration Results is not practicable,representative reporting of both low andhigh grades and/or widths should bepracticed to avoid misleading reporting ofExploration Results.	•All relevant data to targets is discussed and included onplans, sections and tables.
Othersubstantiveexplorationdata	•Other exploration data, if meaningful andmaterial, should be reported including(but not limited to): geologicalobservations; geophysical survey results;geochemical survey results; bulk samples– size and method of treatment;metallurgical test results; bulk density,groundwater, geotechnical and rockcharacteristics; potential deleterious orcontaminating substances.	•No other information is considered material for thispresentation.
Further work	•The nature and scale of planned furtherwork (eg tests for lateral extensions ordepth extensions or large-scale step-outdrilling).•Diagrams clearly highlighting the areas ofpossible extensions, including the maingeological interpretations and futuredrilling areas, provided this information isnot commercially sensitive.	•Further assay results are awaited.•Compilation and assessment of work.