PATERSON RESOURCES LTD — Capital/Financing Update 2022

Feb 9, 2022

ASX ANNOUNCEMENT 10 February 2022

Shallow high-grade gold results returned from drilling at Grace Project in the Paterson Province

HIGHLIGHTS

• Final assay results received from first-phase diamond drilling holes at Paterson Resources 100% owned Grace Project – 6 holes for1,694.2m (5 diamond and 1 RC).
• Standout intercepts received in this final batch of assay results include:
  • o 3.8m @ 2.60g/t gold from 37.2m including 0.7m @ 9.9g/t gold from 38.2m (PDD0005)
  • o 3.8m @ 1.43g/t gold from 31.7m including 0.4m @ 8.15g/t gold from 35.2m (PDD0004)
• Drilling has extended known gold mineralisation nearly 200m south-east for a total strike length of 1,200m with gold mineralisation remaining open along strike and down dip.
• Further exploration drilling along the prospective Grace-Bemms shear has intersected significant gold mineralisation 800m southeast along strike of the Grace deposit.
• Gold mineralisation occurs within quartz-rich hydrothermal breccias forming along the regionally significant Grace-Bemms shear.
• Additional assaying from EIS co-funded diamond drill hole (PDD001) within the newly identified felsic intrusive source of gold mineralisation returned further encouraging high-grade intercepts:
  • o 1.05m @ 4.4g/t gold from 480.25m (PDD0001)
  • o 1m @ 7.1g/t gold from 829m including 0.7m @ 10.2g/t gold from 829m (PDD0001)
• An aggressive follow-up RC drilling program of up to 10,000 metres scheduled to commence in the second quarter of the 2022 calendar year.
• The Grace Copper-Gold Project is an exciting exploration opportunity with the Company controlling 337km2 of vastly unexplored terrain within the Paterson Province which hosts Newcrest's world-class Telfer Mine and the evolving Havieron gold deposit.

Paterson Resources Limited ("Paterson" or "the Company") (ASX: PSL) is pleased to announce assay results from a diamond drilling program at its Grace Project in Western Australia's gold-rich Paterson Province have continued to identify shallow high-grade zones of gold mineralisation.

Commenting on the Grace Project, Paterson Resources Managing Director Matt Bull said:

"Our first phase diamond drilling program at the Grace Project has delivered a set of solid near surface gold hits and extended mineralisation nearly 200 metres along strike. We are highly encouraged by the significant gold intercept intersected in PDD0005, a further 800m southeast along strike from the main Grace deposit. Minimal shallow historical drilling exists in this area which presents a high priority drilling target for our upcoming RC drilling program. We are looking to infill and extend the shallow high-grade gold mineralisation at Grace in preparation for releasing a maiden JORC-compliant MRE later this year."

The Company has received assay results from the remaining five diamond drill holes and one RC drill hole that were completed October 2021 to test a series of priority targets outlined from geophysics and historical drilling, which has identified similar styles of mineralisation to the world-class Telfer Copper-Gold Mine (25km north-west) and Havieron Gold Deposit (40km north-east).

The assay results from this program are as follows:

PDD0001 (Government co-funded Exploration Incentive Scheme – 'EIS'):

• 5.8m @ 1.52 g/t Au from 203.2m including 1m @ 3.84 g/t from 206m
• 8m @ 4.10 g/t Au from 216m including 3m @ 8.32 g/t Au from 221m
• 1.05m @ 4.40 g/t Au from 480.25
• 2.7m @ 0.75 g/t Au from 762.3m
• 3.06m @ 0.73 g/t Au from 771.94m
• 1m @ 7.29 g/t Au from 829m including 0.7m @ 10.2g/t from 829m

PDD0003:

• 2m @ 0.78 g/t Au from 113.2m
• 1.65m @ 1.73 g/t Au from 123.35m

PDD0004:

• 3.6m @ 0.79 g/t Au from 20.5m
• 3.8m @ 1.43 g/t Au fro 31.7m including 0.4m @ 8.15 g/t Au from 35.2m PDD0005:
  • 3.8m @ 2.60 g/t Au from 37.2m including 0.7m @ 9.9 g/t Au from 38.2m

Encouragingly, four of the six drill holes intersected significant gold mineralisation.

Mineralisation intersected in PDD0003 has extended known gold mineralization southeast along strike of the Grace-Bemms shear a nearly 200m.

Furthermore, diamond hole PDD0005 was drilled a further 800m southeast along strike of the Grace-Bemms shear from PDD0003. Minimal historical shallow RAB drilling exists between PDD0003 and PDD0005. The company has highlighted the area between PDD0003 and PDD0005 as a high priority drill target warranting further follow up drilling in the upcoming program.

The presence of grades at a depth of up to 10.2g/t associated with felsic intrusive is highly encouraging and confirms the gold system at grace is part of a large mineralised system and significantly increases the perspectivity of the project where there has been no been drill tested.

Of final significance, PDD0001 was lined with PVC casing enabling future downhole geophysical surveying to be conducted in conjunction with the upcoming RC drilling program. With gold mineralisation being closely associated with logged massive sulphide veining and brecciation it is anticipated downhole geophysical surveying will enable off-hole conductros to be modelled aiding with future diamond drill targeting.

Further Work

A Program of Work (POW) is already in place for a follow up drill program with a heritage survey due to commence in March to clear the area for access. The company is in the process of finalising a drilling contractor in order to undertake an aggressive 8,000-10,000 metre RC infill and extensional drilling program prior to releasing a maiden JORC compliant mineral resource estimate later in the year.

The Company looks forward to updating shareholders on the ongoing exploration at the Grace Project in due course.

HoleID	HoleType	Depth (m)	Dip	Azimuth	Easting (mE)(MGA94-51)	Northing (mN)(MGA94-51)	RL
PRC0001	RC	89.4	-60.0	202.0	431865	7573993	297.00
PDD0001	Diamond	879.9	-70.0	196.0	430800	7574600	297.00
PDD0002	Diamond	149.6	-60.0	202.0	431693	7574120	297.00
PDD0003	Diamond	248.6	-60.0	202.0	430966	7574526	297.00
PDD0004	Diamond	149.3	-60.0	202	430937	7574456	297.00
PDD0005	Diamond	177.4	-60.0	330	431696	7574120	297.00

Table 1 Drill hole table summary.

Hole ID	Prospect	Depth From(m)	Depth To(m)	Thickness(m)	Au (g/t)
PRC0001	Grace	No significant result
	Grace	203.20	209.00	5.80	1.52
PDD0001	Including	206.00	207.00	1.00	3.84
PDD0001	Grace	216.00	224.00	8.00	4.1
	Including	221.00	224.00	3.00	8.32
PDD0001	Grace	480.25	481.30	1.05	4.396
PDD0001	Grace	762.30	765.00	2.70	0.75
PDD0001	Grace	771.94	775.00	3.06	0.73
	Grace	829.00	830.00	1.00	7.10
PDD0001	including	829.0	829.70	0.7	10.183
PDD0002	Grace		No significant results

PDD0003	Grace	113.20	115.20	2.00	0.78
PDD0003	Grace	123.35	125.00	1.65	1.73
PDD0004	Grace	20.50	24.10	3.60	0.79
PDD0004	Grace	31.70	35.60	3.90	1.43
	Including	35.20	35.60	0.40	8.15
PDD0005	Grace	37.20	41.00	3.80	2.6
	Including	38.20	38.90	0.70	9.93

Table 2: Significant Assay results for grace 2021 drilling program.

Figure 1: Cross section of the EIS hole location at the Grace Project with the Historic Drilling.

Figure 2: Map of EIS hole location at the Grace Project with the Historic Drilling.

Paterson Resources Executive Director, Matt Bull commented:

"The drilling campaign was designed to follow up on high-priority geophysical targets and chase known mineralisation along the Grace-Bemm Shear Zone. Historically, this has only been drilled with wide spaced and generally shallow drill-holes in the past. The results of the drilling continue to show highly encouraging mineralisation style and have given the company a better understanding of the geology of the area."

"The Board continues to develop its understanding of the mineralised system apparent at the Grace Copper-Gold Project. Going forward, plans are in motion to progress shaping the next phase of exploration, in this highly prospective part of the Paterson Province."

Grace Project Location

The Grace Copper-Gold Project is located 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 Copper-Gold Project include Havieron to the north-east, Maroochydore to the south and world-class Telfer Mine located 25km northwest. Figure 4 shows the Grace tenements and the significant regional discoveries and mines.

Figure 3: Map showing the location of the Grace Copper-Gold Project and Paterson Resources tenements (yellow outline), and nearby significant copper-gold deposits over an image of Paterson Province geology draped over a filtered magnetic anomaly image**.**

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 of the 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 that such 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 Paterson operates and proposes to operate as well as 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 statements to reflect events or circumstances after today's date or to 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 the maximum 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.	•Diamond drilling core samples were collected in HQ andNQ sized core trays with run lengths of either 3m or 6m.
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).	•Diamond Drilling was conducted using triple tube in HQfrom surface decreasing to NQ from 374.7m depth to879.9m•The drilling was completed by DDH1 Drilling Pty Ltd.•Core from the drill hole was oriented on the 3m or 6m runusing a Reflex Mark III core orientation kit where thebottom of the hole position is marked by the driller, latertransferred to the whole drill core run length as a bottomof hole reference line.
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.	•Drill core recovery is regularly recorded for each run ofdrilling as the hole advances. These recoveries arereconciled against the driller's depth blocks in each coretray and the data captured for database recording. Thedrillers depth blocks provided the information associatedwith current hole depth; interval of core drilled; intervalof core recovered; and the understood core loss.•Greater than 95% of the core was recovered.
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.	•Logging was conducted on site for the entirety of the holeby a suitably trained geologist for geological andstructural information.•This included lithology, alteration, mineralisation, veiningand structures.•Geotechnical measurements were recorded by way ofRock Quality Designation (RQD), core recovery andqualitative rock strengths.

Criteria	JORC Code explanation	Commentary
	•The total length and percentage of therelevant intersections logged.	•Structures were assigned quality based on orientationconfidence.•Magnetic Susceptibility measurements were recordedevery metre.•All core was photographed prior to dispatch from the site.
Sub-samplingtechniquesand samplepreparation	•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.	•Diamond core sampling was carried out under PatersonResources protocols and QAQC procedures as perindustry best practice.•Mineralised intersections were cut in half with anautomatic core saw. All available half core was sampled,nominally as one metre samples but at times adjusted formajor geological boundaries. Samples range between 0.3and 1.2m. Half diamond drill core samples are preparedfor assay and the remaining half core archived. All drillcore was logged and photographed by the geology timeprior to cutting.•Sample preparation was carried out at MinanalyticalLaboratory using industry standard crush and/orpulverizing techniques. Preparation includes drying andpulverizing of the entire sample to a grind size of 85%passing 75 µm.•The sample sizes are considered appropriate for the styleof mineralisation at the Grace deposit.
Quality ofassay dataandlaboratorytests	•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.	•All samples were submitted to Minanalytical in Perth forpreparation and analysis.•All samples were dried, crushed, pulverised and split toproduce a sub-sample of 25g which is digested using AquaRegia. Analytical analysis is performed using acombination of ICP-OES and ICP-MS (Ag, Al, As, Ba, Be, Bi,Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Fg, In, K La, Li Mg, Mn,Mo, Na, Nb, Ni, P, Pb, Rb, Re, Sb, Sc, Se, Sn, Sr, Ta, Te, ThTi, Tl, U, V, W, Y, Zn, Zr)•A lead collection fire assay on a 50g sample with AtomicAbsorption Spectrosopy undertaken to determine goldcontent with a detection limit of 0.005ppm.•Field QC procedures involve the use of commercialcertified reference material (CRM's) for assay standardsand blanks. Standards are inserted ever 20 metres. Thegrade of the inserted standard is not revealed to thelaboratory.•Inter laboratory cross-check analysis programmes havenot been conducted at this stage.•In addition to Paterson supplied CRM's, Minanalyticalincludes in each sample batch assayed certified referencematerials, blanks and up to 10% replicates.
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.	•Significant intersections of the drilling have been visuallyverified by the Exploration Manager.•There have been no twinned diamond holes at thiscurrent stage of the drill programme.•All logging is entered directly into a notebook computerusing the Paterson logging system which is based onMicrosoft Excel. The logging system uses standard look uptables that does not allow invalid logging codes to beentered. Further data validation is carried out during theupload to Paterson's master Access database.•No adjustments or calibrations have been made to anyassay data collected.

Criteria	JORC Code explanation	Commentary
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 usinga single shot Axis North Seeking Gyro.•Datum GDA94 and projected MGA Zone 51•Topographic data was also achieved using the NorthSeeking Gyro.
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.	•Drilling was designed to intersect target within themodelled geophysical anomalies.•The drilling is part of a first pass program, at depths in thisarea not previously explored.•The data obtained has not yet been used for any resourcecalculations.
Orientation ofdata inrelation togeologicalstructure	•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.	•The drill hole was orientated approximately 90 degrees tothe Grace-Bemm shear zones as defined by both theVTEM and the IP survey's.
Samplesecurity	•The measures taken to ensure samplesecurity.	•Not Applicable
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 identified in the area of work. • The tenementsare in good standing and no known impediments 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.

Criteria	JORC Code explanation	Commentary
		•Open file data available from the Geological Survey ofWestern Australia and Geoscience Australia has also beenreviewed.
Geology	•Deposit type, geological setting and styleof 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 shouldclearly explain why this is the case.	•A summary of drill hole information is included in table 1
Dataaggregationmethods	•In reporting Exploration Results,weighting averaging techniques,maximum and/or minimum gradetruncations (eg cutting of high grades)and cut-off grades are usually Materialand should be stated.•Where aggregate intercepts incorporate	•Length weighted average technique has been appliedwhere required (i.e. for intervals consisting of > onesample) to report results from DD drilling.•No top-cuts to gold have been applied.•A nominal 0.4 g/t gold lower cut-off grades have beenapplied during data aggregation.•Higher grade intervals of mineralisation internal to broader

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.	zones of mineralisation are reported as include intervals.•Metal equivalence is not used in this report.
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 relationship between the drill hole and themineralisation is shown in Figure 1. All intercepts arereported as downhole intersections.
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.	•Included in announcement
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 significant results are report with maps and figuresshowing the location on the holes drilled.
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.	•Not Applicable
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 work is planned to include further RC drilling ofextensions and infill drilling, downhole EM surveys.