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PATRONUS RESOURCES LIMITED Capital/Financing Update 2021

May 23, 2021

65620_rns_2021-05-23_35a82e56-dbe9-47a9-b286-bb8176656e0e.pdf

Capital/Financing Update

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ASX Announcement 25 May 2021

SHALLOW HIGH-GRADE INTERCEPTS IN FOLLOW-UP AIR-CORE DRILLING AT EAGLE-CROW

Significant assays of up to 4m at 38.8g/t from shallow air-core drilling, with mineralisation showing early-stage similarities to the Bruno-Lewis and Cardinia Hill deposits

Highlights

  • Outstanding 4m composite assay results from follow-up air-core (AC) drilling at the new Eagle-Crow prospect, located 2km west of the proposed processing plant location at the 100%-owned Cardinia Gold Project (CGP) in WA:
    • 8m at 19.8g/t Au from 40m, including 4m at 38.8g/t Au from 44m (EG21AC400)
    • 8m at 1.09g/t Au from 20m (EG21AC298)
    • 4m at 1.93g/t Au from 28m (EG21AC310)
    • 4m at 1.04g/t Au from 16m (EG21AC341)
    • 4m at 1.01g/t Au from 8m (EG21AC342)
  • Latest results build on numerous previously-reported high-grade intercepts at Eagle-Crow in adjacent lines of drilling, which indicate the extensive nature of the mineralisation.
  • The broad-spaced AC drilling has defined two parallel zones of mineralisation, highlighting the potential for an extensive, shallow gold discovery.
  • The results confirm the mineralisation is the same style as other significant deposits at the CGP, including Bruno-Lewis and Cardinia Hill.
  • Drilling has been completed across 18 lines that span 3.8km, including a number of in-fill lines to complete the 200m-spaced AC program.
  • Initial Diamond (DD) and Reverse Circulation (RC) drilling to confirm the orientation and extension of the shallow mineralisation below the oxide zone will commence following the completion of drilling at the Rangoon and Cardinia Hill deposits.

Kin Mining NL (ASX: KIN or "the Company") is pleased to advise that final results from the recently completed follow-up air-core (AC) drilling program at the Eagle-Crow prospect, located on the western side of its 100% owned Cardinia Gold Project (CGP) near Leonora in Western Australia, have returned further significant zones of shallow, high-grade gold mineralisation.

E [email protected] kinmining.com.au

The latest results further reinforcing the Company's view that Eagle-Crow offers compelling potential for a new gold discovery in this emerging area, subject to further drilling.

The Eagle prospect, located just 3km from the proposed processing plant site, was defined in late 2020 from a regional soil geochemical program undertaken by Kin Mining. The soil program covered the historical Eagle and Crow prospect workings, where rock chip samples and historical scout AC drilling over a limited strike length had returned high grade results.

Kin Mining planned an initial program of AC drilling that was completed in March, comprising 399 drill-holes for 17,035m. Results from the first 290 holes (13,261m) in this program were reported to the ASX on 14 April 2021, including significant zones of shallow high-grade gold mineralisation.

The program was designed to provide an assessment of the source of the extensive gold-in soil geochemical anomaly at Eagle-Crow, which extends over a strike length of approximately 5km and a width of 0.6km.

A follow-up AC program was completed in April 2021, comprising 6 holes for 412m of drilling. Infill drilling at the Crow prospect delivered an outstanding intercept of 8m at 19.77g/t Au (including 4m at 38.8g/t Au) from hole EG21AC400, located 200m along strike from an intercept of 8m at 7.90g/t Au intersected in hole EG21AC072 in the previous round of drilling (see ASX Announcements dated 14 April 2021). Historical AC drilling on this mineralised trend intersected 3m at 4.5g/t and 3m at 27.1g/t Au adjacent to old surface workings.

This announcement reports assays for the remaining 115 holes (including the 6 follow up holes) and 4,186m. The latest results continue to reinforce the interpretation that the Crow prospect hosts two zones of coherent gold mineralisation extending over approximately 600m strike.

At the Eagle prospect, extension lines to the south intersected 8m at 1.09g/t Au and several 4m intersections at between 1.01g/t and 1.93g/t Au.

Kin Mining Managing Director, Andrew Munckton, said: "These latest results further reinforce our enthusiasm about this western side of the Cardinia Gold Project, with Eagle-Crow showing plenty of early-stage similarities to the nearby Bruno-Lewis deposit and the rapidly-emerging Cardinia Hill deposit".

"Based on this successful air-core drilling program, we have now confirmed the presence of two parallel zones of mineralisation at Eagle-Crow, with follow-up RC and diamond drilling to be undertaken as soon as the rigs complete the current drill programs underway at Rangoon and Cardinia Hill, which is expected around mid-June.

"While Eagle-Crow remains an early-stage exploration target, the results that we're seeing indicate exciting potential to delineate a new, shallow, high-grade gold discovery to organically grow the 1.23Moz Cardinia Gold Project."

Figure 1: Location of the Crow AC drilling program over geological map. The Crow mineralisation extends in two zones for more than 600m and remains open at depth. Kyte and Bruno-Lewis deposit drilling is located to the east of Crow.

Figure 2: Location of the Eagle AC drilling program over geological map. The Eagle mineralisation extends in several zones for more than 1400m and remains open at depth. Eagle prospect drilling is located to the south of Crow.

Hole ID From (m) To (m) Width (m) Gold (g/t) Comment
EG21AC298 20 28 8 1.09
EG21AC309 28 32 4 1.16
EG21AC310 28 32 4 1.93
EG21AC341 16 20 4 1.04
EG21AC342 8 12 4 1.01
EG21AC385 12 16 4 0.52
EG21AC399 4 8 4 0.80
EG21AC400 4 8 4 0.93
28 32 4 0.82
40 48 8 19.77 Incl. 4m at 38.8 g/t

Table 1: Significant intercepts for the follow up Eagle-Crow Aircore (AC) drilling. Reported results are for 4m composite samples above 0.5 g/t Au

Geological Summary

The mineralisation at Eagle-Crow occurs as two interpreted styles: stratigraphically-controlled structures and north-east dipping cross-cutting structures. Both styles of mineralisation are seen at the nearby Bruno Lewis deposit, as well as other deposits across Cardinia.

The stratigraphically-controlled structures occur on contacts with strongly foliated fine-grained felsic to intermediate sediments and felsic volcanic, with minor intermediate volcanic and mafic intrusive. Pyrite mineralisation is common with bottom of drill hole multi-element geochemistry highlighting anomalous sulphur and iron percentages.

The stratigraphically-controlled mineralisation is strongly anomalous in silver, arsenic, bismuth, copper, molybdenum and zinc and elevated in tellurium and tungsten. This multi-element anomalism extends over the Crow-Eagle prospect for more than 2.7km. This is the same multi-element anomalism encountered at several deposits at Cardinia including Bruno-Lewis, Helens and the recently discovered Cardinia Hill deposit, where high-grade gold mineralisation with this multi-element signature extends up to 200m below surface.

The north-east dipping, cross-cutting structures evident at Eagle are most commonly seen at Kyte, Bruno-Lewis and Comedy King where they host a large proportion of the Mineral Resource at these deposits. The cross-cutting structures play a key role in the distribution of high-grade mineralisation within the overall mineralised system. While intersected only at shallow depths in the Eagle-Crow AC drilling, these north-east dipping, cross-cutting structures have demonstrated mineralisation over significant width to approximately 100m below surface at the Bruno-Lewis deposit.

Eagle-Crow Planned RC and DD Drilling program

Drilling to confirm the style and orientation of the gold mineralisation below the regolith is in the early stages of planning and will likely be completed once Phase 4 RC drilling is complete at the nearby Rangoon and Cardinia Hill deposits.

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC001 361395 6814770 422 245 -60 84
EG21AC002 361356 6814742 422 245 -60 69
EG21AC003 361323 6814727 419 245 -60 51
EG21AC004 361297 6814724 417 245 -60 54
EG21AC005 361274 6814711 417 245 -60 60
EG21AC006 361244 6814705 420 245 -60 59
EG21AC007 361215 6814682 423 245 -60 59
EG21AC008 361185 6814671 426 245 -60 56
EG21AC009 361162 6814650 427 245 -60 126
EG21AC010 361113 6814628 426 245 -60 104
EG21AC011 361073 6814611 423 245 -60 102
EG21AC012 361022 6814582 419 245 -60 96
EG21AC013 360985 6814562 417 245 -60 92
EG21AC014 360941 6814544 418 245 -60 92
EG21AC015 360907 6814530 419 245 -60 61
EG21AC016 360871 6814511 421 245 -60 86
EG21AC017 360839 6814488 422 245 -60 76
EG21AC018 360804 6814475 420 245 -60 63
EG21AC019 360779 6814459 420 245 -60 62
EG21AC020 360750 6814443 421 245 -60 60
EG21AC021 360724 6814437 420 245 -60 54
EG21AC022 361475 6814587 420 245 -60 59
EG21AC023 361447 6814578 420 245 -60 54
EG21AC024 361414 6814566 418 245 -60 36
EG21AC025 361399 6814556 420 245 -60 32
EG21AC026 361381 6814551 422 245 -60 20
EG21AC027 361370 6814545 424 245 -60 51
EG21AC028 361336 6814525 424 245 -60 41
EG21AC029 361320 6814528 422 245 -60 51
EG21AC030 361294 6814508 422 245 -60 36
EG21AC031 361278 6814503 424 245 -60 42
EG21AC032 361257 6814493 424 245 -60 45
EG21AC033 361236 6814482 426 245 -60 68
EG21AC034 361200 6814462 427 245 -60 63
EG21AC035 361172 6814448 422 245 -60 130
EG21AC036 361114 6814422 420 245 -60 90

Table 2: Drill-hole details for the AC drilling conducted at the Eagle-Crow prospect.

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC037 361083 6814410 420 245 -60 96
EG21AC038 361049 6814389 422 245 -60 80
EG21AC039 361017 6814373 424 245 -60 89
EG21AC040 360972 6814359 421 245 -60 72
EG21AC041 360952 6814344 422 245 -60 76
EG21AC042 361596 6814414 424 245 -60 96
EG21AC043 361554 6814398 425 245 -60 78
EG21AC044 361511 6814382 424 245 -60 60
EG21AC045 361495 6814369 424 245 -60 40
EG21AC046 361467 6814358 425 245 -60 21
EG21AC047 361456 6814350 427 245 -60 45
EG21AC048 361433 6814339 427 245 -60 18
EG21AC049 361422 6814330 429 245 -60 5
EG21AC050 361407 6814324 431 245 -60 54
EG21AC051 361380 6814310 432 245 -60 8
EG21AC052 361361 6814302 420 245 -60 30
EG21AC053 361342 6814292 423 245 -60 7
EG21AC054 361125 6814190 423 245 -60 90
EG21AC055 361153 6814205 425 245 -60 81
EG21AC056 361187 6814217 427 245 -60 87
EG21AC057 361223 6814230 425 245 -60 81
EG21AC058 361264 6814251 422 245 -60 90
EG21AC059 361300 6814265 420 245 -60 60
EG21AC060 361319 6814280 419 245 -60 39
EG21AC061 361798 6814084 418 245 -60 62
EG21AC062 361768 6814069 416 245 -60 66
EG21AC063 361738 6814051 417 245 -60 61
EG21AC064 361710 6814037 419 245 -60 55
EG21AC065 361674 6814023 418 245 -60 60
EG21AC066 361649 6814014 416 245 -60 55
EG21AC067 361619 6814004 417 245 -60 55
EG21AC068 361597 6813991 417 245 -60 46
EG21AC069 361576 6813978 417 245 -60 40
EG21AC070 361460 6813942 427 245 -60 17
EG21AC071 361442 6813926 429 245 -60 25
EG21AC072 361426 6813914 430 245 -60 36
EG21AC073 361402 6813897 428 245 -60 55
EG21AC074 361373 6813884 425 245 -60 29
EG21AC075 361347 6813869 426 245 -60 30
EG21AC076 361331 6813859 426 245 -60 78
EG21AC077 361299 6813839 425 245 -60 81
EG21AC078 361268 6813819 416 245 -60 87
EG21AC079 361218 6813791 414 245 -60 90

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC080 361176 6813776 416 245 -60 90
EG21AC081 361137 6813759 414 245 -60 90
EG21AC082 361103 6813746 414 245 -60 90
EG21AC083 361472 6813476 413 245 -60 69
EG21AC084 361439 6813465 412 245 -60 53
EG21AC085 361417 6813450 411 245 -60 60
EG21AC086 361396 6813432 413 245 -60 60
EG21AC087 361372 6813414 413 245 -60 93
EG21AC088 361335 6813390 411 245 -60 57
EG21AC089 361301 6813377 410 245 -60 81
EG21AC090 361262 6813363 408 245 -60 70
EG21AC091 361233 6813352 411 245 -60 70
EG21AC092 361195 6813337 409 245 -60 72
EG21AC093 361162 6813325 411 245 -60 72
EG21AC094 361131 6813309 410 245 -60 70
EG21AC095 361102 6813290 410 245 -60 72
EG21AC096 361842 6813431 413 245 -60 72
EG21AC097 361812 6813409 412 245 -60 73
EG21AC098 361782 6813399 413 245 -60 68
EG21AC099 361748 6813383 414 245 -60 73
EG21AC100 361718 6813365 416 245 -60 39
EG21AC101 361697 6813358 414 245 -60 32
EG21AC102 361682 6813348 411 245 -60 42
EG21AC103 361659 6813336 410 245 -60 37
EG21AC104 361642 6813331 408 245 -60 47
EG21AC105 361621 6813323 412 245 -60 36
EG21AC106 361605 6813311 411 245 -60 42
EG21AC107 361587 6813299 406 245 -60 36
EG21AC108 361565 6813290 407 245 -60 51
EG21AC109 361489 6813254 408 245 -60 69
EG21AC110 361449 6813235 410 245 -60 90
EG21AC111 361413 6813218 409 245 -60 75
EG21AC112 361379 6813204 410 245 -60 75
EG21AC113 361349 6813191 411 245 -60 84
EG21AC114 362114 6812890 412 245 -60 41
EG21AC115 362098 6812880 413 245 -60 50
EG21AC116 362075 6812866 415 245 -60 57
EG21AC117 362046 6812851 412 245 -60 63
EG21AC118 362016 6812840 411 245 -60 50
EG21AC119 361995 6812833 409 245 -60 56
EG21AC120 361971 6812819 411 245 -60 48
EG21AC121 361951 6812806 413 245 -60 52
EG21AC122 361930 6812792 414 245 -60 45

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC123 361909 6812778 412 245 -60 33
EG21AC124 361889 6812774 410 245 -60 38
EG21AC125 361866 6812774 411 245 -60 44
EG21AC126 361846 6812755 414 245 -60 42
EG21AC127 361817 6812742 419 245 -60 42
EG21AC128 361805 6812734 417 245 -60 39
EG21AC129 361783 6812724 413 245 -60 102
EG21AC130 361741 6812702 413 245 -60 91
EG21AC131 361702 6812677 413 245 -60 54
EG21AC132 361668 6812670 413 245 -60 87
EG21AC133 362068 6812643 417 245 -60 36
EG21AC134 362052 6812634 414 245 -60 34
EG21AC135 362034 6812626 414 245 -60 33
EG21AC136 362018 6812618 415 245 -60 31
EG21AC137 362001 6812610 415 245 -60 20
EG21AC138 361990 6812605 415 245 -60 21
EG21AC139 361977 6812596 413 245 -60 28
EG21AC140 361961 6812587 411 245 -60 37
EG21AC141 361944 6812583 412 245 -60 47
EG21AC142 361918 6812569 414 245 -60 38
EG21AC143 361900 6812561 413 245 -60 35
EG21AC144 361884 6812553 412 245 -60 38
EG21AC145 361868 6812542 415 245 -60 34
EG21AC146 361848 6812529 417 245 -60 52
EG21AC147 361825 6812517 418 245 -60 75
EG21AC148 361795 6812502 418 245 -60 45
EG21AC149 361775 6812491 416 245 -60 46
EG21AC150 361753 6812483 414 245 -60 30
EG21AC151 361736 6812477 415 245 -60 39
EG21AC152 361714 6812469 414 245 -60 33
EG21AC153 361697 6812456 416 245 -60 33
EG21AC154 361687 6812450 418 245 -60 36
EG21AC155 361666 6812441 417 245 -60 48
EG21AC156 361643 6812432 417 245 -60 46
EG21AC157 361624 6812419 414 245 -60 47
EG21AC158 361601 6812408 414 245 -60 48
EG21AC159 361574 6812399 412 245 -60 54
EG21AC160 361555 6812389 409 245 -60 50
EG21AC161 361531 6812380 411 245 -60 52
EG21AC162 361504 6812370 413 245 -60 63
EG21AC163 361476 6812360 414 245 -60 48
EG21AC164 361454 6812352 415 245 -60 52
EG21AC165 362209 6812500 413 245 -60 45

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC166 362189 6812490 412 245 -60 40
EG21AC167 362171 6812477 411 245 -60 36
EG21AC168 362157 6812468 410 245 -60 33
EG21AC169 362141 6812458 407 245 -60 28
EG21AC170 362122 6812444 408 245 -60 26
EG21AC171 362110 6812437 409 245 -60 17
EG21AC172 362095 6812428 411 245 -60 24
EG21AC173 362083 6812417 411 245 -60 25
EG21AC174 362069 6812409 409 245 -60 22
EG21AC175 362053 6812401 410 245 -60 38
EG21AC176 362036 6812391 410 245 -60 36
EG21AC177 362020 6812379 408 245 -60 34
EG21AC178 362004 6812371 408 245 -60 36
EG21AC179 361989 6812358 411 245 -60 33
EG21AC180 361971 6812347 412 245 -60 44
EG21AC181 361927 6812329 416 245 -60 20
EG21AC182 361905 6812320 418 245 -60 46
EG21AC183 361884 6812311 418 245 -60 39
EG21AC184 361866 6812303 416 245 -60 36
EG21AC185 361847 6812299 414 245 -60 40
EG21AC186 361825 6812289 412 245 -60 38
EG21AC187 361807 6812280 412 245 -60 15
EG21AC188 361783 6812275 415 245 -60 29
EG21AC189 361762 6812267 414 245 -60 26
EG21AC190 361746 6812256 418 245 -60 59
EG21AC191 361720 6812248 412 245 -60 45
EG21AC192 361694 6812244 412 245 -60 39
EG21AC193 361679 6812238 410 245 -60 12
EG21AC194 361656 6812228 411 245 -60 41
EG21AC195 361634 6812216 411 245 -60 24
EG21AC196 362328 6812350 409 245 -60 26
EG21AC197 362311 6812338 407 245 -60 29
EG21AC198 362298 6812328 405 245 -60 23
EG21AC199 362280 6812320 403 245 -60 20
EG21AC200 362267 6812313 403 245 -60 19
EG21AC201 362252 6812303 403 245 -60 24
EG21AC202 362238 6812295 402 245 -60 22
EG21AC203 362220 6812286 401 245 -60 24
EG21AC204 362199 6812271 402 245 -60 32
EG21AC205 362177 6812256 400 245 -60 16
EG21AC206 362153 6812240 403 245 -60 18
EG21AC207 362139 6812234 406 245 -60 17
EG21AC208 362125 6812226 409 245 -60 19

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC209 362113 6812218 411 245 -60 18
EG21AC210 362097 6812211 411 245 -60 17
EG21AC211 362087 6812203 409 245 -60 14
EG21AC212 362069 6812193 407 245 -60 17
EG21AC213 362058 6812187 405 245 -60 21
EG21AC214 362039 6812178 406 245 -60 20
EG21AC215 362015 6812166 409 245 -60 34
EG21AC216 361990 6812142 407 245 -60 37
EG21AC217 361985 6812145 408 245 -60 12
EG21AC218 361970 6812136 410 245 -60 25
EG21AC219 361953 6812122 410 245 -60 75
EG21AC220 361932 6812112 408 245 -60 36
EG21AC221 361905 6812096 409 245 -60 21
EG21AC222 361879 6812086 411 245 -60 33
EG21AC223 361866 6812084 412 245 -60 31
EG21AC224 361853 6812078 414 245 -60 27
EG21AC225 361825 6812075 413 245 -60 42
EG21AC226 361815 6812073 411 245 -60 32
EG21AC227 361796 6812062 410 245 -60 35
EG21AC228 361783 6812056 408 245 -60 27
EG21AC229 361770 6812050 406 245 -60 26
EG21AC230 361754 6812042 404 245 -60 24
EG21AC231 361737 6812035 402 245 -60 25
EG21AC232 361718 6812029 401 245 -60 32
EG21AC233 361703 6812022 403 245 -60 32
EG21AC234 361690 6812020 405 245 -60 35
EG21AC235 361672 6812012 408 245 -60 33
EG21AC236 361648 6812007 406 245 -60 38
EG21AC237 362313 6812106 402 245 -60 24
EG21AC238 362299 6812101 404 245 -60 19
EG21AC239 362286 6812094 406 245 -60 27
EG21AC240 362277 6812090 405 245 -60 31
EG21AC241 362260 6812078 404 245 -60 34
EG21AC242 362246 6812068 406 245 -60 29
EG21AC243 362226 6812059 407 245 -60 39
EG21AC244 362208 6812044 405 245 -60 45
EG21AC245 362184 6812031 404 245 -60 41
EG21AC246 362164 6812020 403 245 -60 23
EG21AC247 362148 6812008 405 245 -60 23
EG21AC248 362133 6811998 407 245 -60 20
EG21AC249 362118 6811989 409 245 -60 15
EG21AC250 362099 6811978 407 245 -60 13
EG21AC251 362082 6811967 407 245 -60 16

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC252 362067 6811960 405 245 -60 19
EG21AC253 362050 6811949 405 245 -60 30
EG21AC254 362034 6811942 409 245 -60 53
EG21AC255 362010 6811929 408 245 -60 28
EG21AC256 361985 6811913 407 245 -60 30
EG21AC257 361969 6811906 408 245 -60 19
EG21AC258 361956 6811895 406 245 -60 36
EG21AC259 361933 6811890 404 245 -60 17
EG21AC260 361916 6811879 403 245 -60 32
EG21AC261 361898 6811872 406 245 -60 14
EG21AC262 361882 6811862 403 245 -60 16
EG21AC263 361863 6811586 403 245 -60 42
EG21AC264 361845 6811849 404 245 -60 45
EG21AC265 361820 6811840 402 245 -60 39
EG21AC266 361800 6811833 402 245 -60 33
EG21AC267 361777 6811833 404 245 -60 42
EG21AC268 361759 6811825 405 245 -60 50
EG21AC269 361730 6811819 402 245 -60 48
EG21AC270 361714 6811814 402 245 -60 33
EG21AC271 361698 6811811 404 245 -60 29
EG21AC272 361685 6811805 405 245 -60 36
EG21AC273 361667 6811800 406 245 -60 44
EG21AC274 361641 6811791 407 245 -60 41
EG21AC275 362310 6811885 405 245 -60 42
EG21AC276 362287 6811876 402 245 -60 41
EG21AC277 362260 6811865 404 245 -60 35
EG21AC278 362238 6811855 403 245 -60 39
EG21AC279 362217 6811844 402 245 -60 37
EG21AC280 362202 6811834 401 245 -60 36
EG21AC281 362187 6811828 403 245 -60 36
EG21AC282 362172 6811820 404 245 -60 39
EG21AC283 362149 6811809 406 245 -60 37
EG21AC284 362127 6811803 405 245 -60 38
EG21AC285 362110 6811791 406 245 -60 40
EG21AC286 362092 6811781 403 245 -60 27
EG21AC287 362073 6811771 405 245 -60 35
EG21AC288 362054 6811763 404 245 -60 27
EG21AC289 362038 6811755 405 245 -60 28
EG21AC290 362023 6811747 403 245 -60 27
EG21AC291 362010 6811743 403 245 -60 42
EG21AC292 361986 6811731 405 245 -60 28
EG21AC293 361973 6811726 404 245 -60 36
EG21AC294 361958 6811715 404 245 -60 30

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC295 361932 6811704 406 245 -60 33
EG21AC296 361910 6811693 408 245 -60 30
EG21AC297 361900 6811690 407 245 -60 30
EG21AC298 361883 6811678 409 245 -60 42
EG21AC299 361858 6811674 409 245 -60 24
EG21AC300 361842 6811668 410 245 -60 51
EG21AC301 361825 6811658 408 245 -60 52
EG21AC302 361799 6811646 409 245 -60 27
EG21AC303 361782 6811636 409 245 -60 36
EG21AC304 361764 6811630 408 245 -60 37
EG21AC305 361745 6811619 408 245 -60 33
EG21AC306 361730 6811612 410 245 -60 46
EG21AC307 361709 6811603 411 245 -60 32
EG21AC308 362356 6811685 409 245 -60 33
EG21AC309 362342 6811678 407 245 -60 38
EG21AC310 362325 6811669 406 245 -60 39
EG21AC311 362303 6811657 405 245 -60 34
EG21AC312 362280 6811649 406 245 -60 28
EG21AC313 362267 6811642 408 245 -60 18
EG21AC314 362250 6811636 409 245 -60 28
EG21AC315 362237 6811628 411 245 -60 27
EG21AC316 362221 6811620 413 245 -60 27
EG21AC317 362208 6811614 412 245 -60 26
EG21AC318 362195 6811607 412 245 -60 24
EG21AC319 362181 6811601 409 245 -60 21
EG21AC320 362167 6811596 406 245 -60 25
EG21AC321 362154 6811591 404 245 -60 38
EG21AC322 362137 6811583 403 245 -60 30
EG21AC323 362117 6811575 404 245 -60 50
EG21AC324 362095 6811567 403 245 -60 34
EG21AC325 362072 6811556 403 245 -60 30
EG21AC326 362059 6811548 403 245 -60 32
EG21AC327 362046 6811540 403 245 -60 34
EG21AC328 362030 6811532 401 245 -60 45
EG21AC329 362006 6811523 402 245 -60 34
EG21AC330 361984 6811515 404 245 -60 33
EG21AC331 361971 6811506 405 245 -60 32
EG21AC332 361956 6811502 405 245 -60 33
EG21AC333 361942 6811494 404 245 -60 32
EG21AC334 361926 6811489 405 245 -60 42
EG21AC335 361904 6811481 406 245 -60 33
EG21AC336 361882 6811473 405 245 -60 31
EG21AC337 361868 6811469 404 245 -60 33

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC338 361848 6811456 404 245 -60 40
EG21AC339 361821 6811447 405 245 -60 40
EG21AC340 362340 6811456 404 245 -60 28
EG21AC341 362327 6811450 404 245 -60 28
EG21AC342 362312 6811444 403 245 -60 30
EG21AC343 362296 6811438 404 245 -60 25
EG21AC344 362282 6811429 404 245 -60 23
EG21AC345 362266 6811424 404 245 -60 23
EG21AC346 362252 6811417 403 245 -60 21
EG21AC347 362239 6811412 403 245 -60 24
EG21AC348 362222 6811405 403 245 -60 21
EG21AC349 362209 6811399 404 245 -60 44
EG21AC350 362191 6811389 403 245 -60 35
EG21AC351 362177 6811380 401 245 -60 45
EG21AC352 362157 6811371 400 245 -60 38
EG21AC353 362141 6811375 403 245 -60 33
EG21AC354 362123 6811355 406 245 -60 26
EG21AC355 362102 6811343 408 245 -60 29
EG21AC356 362087 6811331 410 245 -60 32
EG21AC357 362071 6811326 410 245 -60 34
EG21AC358 362925 6811142 410 245 -60 21
EG21AC359 362909 6811136 408 245 -60 32
EG21AC360 362894 6811131 406 245 -60 19
EG21AC361 362881 6811121 405 245 -60 21
EG21AC362 362857 6811108 404 245 -60 19
EG21AC363 362850 6811104 403 245 -60 13
EG21AC364 362843 6811099 403 24 -60 11
EG21AC365 362829 6811094 402 245 -60 20
EG21AC366 362812 6811077 403 245 -60 42
EG21AC367 362786 6811070 402 245 -60 38
EG21AC368 362776 6811068 400 245 -60 35
EG21AC369 362758 6811057 402 245 -60 27
EG21AC370 362740 6811061 403 245 -60 28
EG21AC371 362723 6811044 404 245 -60 38
EG21AC372 362711 6811033 403 245 -60 33
EG21AC373 362689 6811022 402 245 -60 36
EG21AC374 362670 6811012 400 245 -60 36
EG21AC375 362652 6811003 399 245 -60 25
EG21AC376 362641 6810999 402 245 -60 26
EG21AC377 362633 6810995 403 245 -60 30
EG21AC378 362616 6810989 404 245 -60 42
EG21AC379 362591 6810973 405 245 -60 55
EG21AC380 362568 6810964 404 245 -60 30

Hole Id Easting Northing RL Azimuth Dip Depth
EG21AC381 362549 6810952 404 245 -60 30
EG21AC382 362531 6810946 405 245 -60 43
EG21AC383 362504 6810940 403 245 -60 35
EG21AC384 362488 6810933 405 245 -60 32
EG21AC385 362469 6810925 405 245 -60 30
EG21AC386 362459 6810921 402 245 -60 31
EG21AC387 362429 6810911 402 245 -60 34
EG21AC388 362416 6810906 411 245 -60 33
EG21AC389 361582 6813535 416 245 -60 66
EG21AC390 361541 6813516 416 245 -60 60
EG21AC391 361498 6813501 418 245 -60 43
EG21AC392 361525 6813748 420 245 -60 54
EG21AC393 361502 6813736 421 245 -60 54
EG21AC394 361470 6813719 418 245 -60 40
EG21AC395 361451 6813709 420 245 -60 44
EG21AC396 361427 6813701 422 245 -60 50
EG21AC397 361370 6813678 423 245 -60 89
EG21AC398 861480 6814150 423 245 -60 86
EG21AC399 361439 6814133 425 245 -60 51
EG21AC400 361410 6814121 391 245 -60 64
EG21AC401 361368 6814102 388 245 -60 63
EG21AC402 361344 6814088 385 245 -60 61
EG21AC403 361317 6814074 383 245 -60 65
EG21AC404 361289 6814059 381 245 -60 75
EG21AC405 361260 6814045 380 245 -60 84

-ENDS-

Authorised for release by the Board of Directors

For further information, please contact:

Investor enquiries Media enquiries

Andrew Munckton Nicholas Read Managing Director, Kin Mining NL Read Corporate +61 8 9242 2227 +61 419 929 046

ABOUT KIN MINING NL

Kin Mining NL (ASX: KIN) is a West Australian based gold development and exploration company. Kin's key focus is its 100% owned Cardinia Gold Project (CGP) located in the highly prospective North-Eastern Goldfields region of Western Australia. The CGP has a 1.23Moz gold Mineral Resource (see Table A1) defined in both oxide and deeper primary mineralisation with considerable potential to grow this resource with further drilling.

Kin's exploration effort is the systematic program of exploration across the Cardinia Mining Centre that seeks to advance a number of targets in parallel while developing a pipeline of exploration targets for ongoing Mineral Resource expansion. Figure A1 shows the relative location of a number of these targets.

Figure A1 – Kin's Cardinia Gold Project showing existing deposits and exploration targets in the Exploration drilling program

Table A1. Mineral Resource Estimate Table May 20211
Measured Resources Cardinia Gold Project: Mineral Resources: May 2021Indicated Resources Inferred Resources Total Resources
Lower Cut off
Project Area Resource Gold Price (AUD) (g/t Au) Tonnes (Mt) Au(g/t Au) Au(k Oz) Tonnes (Mt) Au(g/t Au) Au(k Oz) Tonnes (Mt) Au(g/t Au) Au(k Oz) Tonnes (Mt) Au(g/t Au) Au(k Oz) Date Announced
Mertondale
Mertons Reward $2,600 0.4 0.9 2.17 66 1.9 0.65 41 2.9 1.15 106 26-Nov-20
Mertondale 3-4 $2,600 0.4 1.4 1.85 81 1.0 0.97 31 2.3 1.48 111 26-Nov-20
Tonto $2,600 0.4 1.8 1.14 67 1.1 1.24 43 2.9 1.18 111 26-Nov-20
Mertondale 5Eclipse $2,600$2,600 0.40.4 0.5 1.67 26 0.80.6 1.241.01 3219 1.30.6 1.401.01 5919 26-Nov-2026-Nov-20
Quicksilver $2,600 0.4 1.1 1.10 39 1.1 1.10 39 26-Nov-20
Subtotal Mertondale 4.6 1.61 240 6.5 0.98 205 11.1 1.24 445
Cardinia
Bruno* $2,600 0.4 0.3 1.26 10 2.8 1.13 102 1.1 1.05 36 4.1 1.12 148 10-May-21
Lewis* $2,600 0.4 0.6 1.24 20 4.7 1.00 151 2.1 0.80 55 7.4 0.95 226 10-May-21
Kyte $2,600 0.4 0.3 1.53 17 0.1 0.92 3 0.4 1.38 20 26-Nov-20
Helens $2,600 0.4 0.7 2.14 50 0.3 1.94 19 1.0 2.08 69 26-Nov-20
FionaRangoon $2,600$2,600 0.40.4 0.60.5 1.351.24 2521 0.20.3 1.211.07 812 0.80.9 1.321.17 3232 26-Nov-2026-Nov-20
Hobby * $2,600 0.4 0.5 1.31 22 0.5 1.31 22 10-May-21
Cardinia Hill * $2,600 0.4 1.2 1.66 61 1.2 1.66 61 18-Dec-20
Subtotal Cardinia 0.8 1.16 30 9.6 1.18 364 5.8 1.15 216 16.3 1.17 611
Raeside
Michaelangelo $2,600 0.4 1.1 2.00 73 0.4 2.19 25 1.5 2.04 98 26-Nov-20
Leonardo $2,600 0.4 0.4 2.39 30 0.2 2.20 14 0.6 2.32 44 26-Nov-20
Forgotten Four $2,600 0.4 0.1 2.09 7 0.1 1.96 6 0.2 2.03 14 26-Nov-20
KrangSubtotal Raeside $2,600 0.4 0.32.0 1.742.04 17128 0.00.7 2.592.17 247 0.32.6 1.802.07 19175 26-Nov-20
TOTAL 0.8 1.16 30 16.2 1.41 732 13.0 1.12 468 30.0 1.28 1231

Table A1. Mineral Resource Estimate Table May 20211

1The company confirms that it is not aware of any new information or data that materially affects the information included in the ASX Announcement of 17 May 2021 "Cardinia Gold Project Mineral Resource Increases to 1.23Moz", and that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed.

COMPETENT PERSON'S STATEMENT

The information contained in this report relating to exploration results relates to information compiled or reviewed by Glenn Grayson. Mr. Grayson is a member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of the company. Mr. Grayson has sufficient experience of relevance to the styles of mineralisation and the types of deposit under consideration, and to the activities undertaken to qualify as a Competent Person as defined in the 2012 edition of the JORC "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

Mr. Grayson consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

Appendix A

JORC 2012 TABLE 1 REPORT

Cardinia Gold Project - Section 1 & 2

Section 1 Sampling Techniques and Data

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

Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (eg cut Diamond
channels, random chips, or specificspecialised industry standard Historic (pre-2014) diamond core (DD) sampling utilised half core or quarter core sample intervals; typically varying from 0.3mto 1.4m in length. 1m sample intervals were favoured and sample boundaries principally coincided with geological contacts.
measurement tools appropriate to theminerals under investigation, such asdown hole gamma sondes, or handheldXRF instruments, etc). These examplesshould not be taken as limiting thebroad meaning of sampling. Recent (2014-2018) diamond core (DD) samples, either HQ3 or NQ2 in size diameter, were either cut in half longitudinally orfurther cut into quarters, using a powered diamond core drop saw centered over a cradle holding core in place. Core sampleintervals varied from 0.2 to 1.25m in length but were predominantly aligned to 1m intervals or with sample boundaries whichrespected geological contacts.
2019 diamond core samples, either HQ3 or NQ2 in size diameter, were either cut in half longitudinally or a third longitudinally,using an automated Corewise core saw Core was placed in boats, holding core in place. Core sample intervals varied from 0.3 to1.3m in length but were predominantly aligned to 1m intervals or with sample boundaries which respected geological contacts.
Include reference to measures taken toensure sample representivity and the RC
appropriate calibration of anymeasurement tools or systems used. Historic reverse circulation (RC) drill samples were collected over 1m downhole intervals beneath a cyclone and typically rifflesplit to obtain a sub-sample (typically 3-4kg). 1m sub-samples were typically collected in pre-numbered calico bags and 1msample rejects were commonly stored at the drill site. 3m or 4m composited interval samples were often collected by using a
Aspects of the determination ofmineralisation that are Material to the scoop (dry samples) or spear (wet samples). If composite samples returned anomalous results once assayed, the single metresub-samples of the anomalous composite intervals were retrieved and submitted for individual gold analysis.
Public Report. Recent reverse circulation (RC) drill samples were collected by passing through a cyclone, a sample collection box, and riffle orcone splitter. All RC sub-samples were collected over one metre downhole intervals and averaged 3-4kg.
In cases where 'industry standard' workhas been done this would be relativelysimple (eg 'reverse circulation drilling 2019 RC drilling samples were collected in 1m downhole intervals by passing through a cyclone, a collection box and thendropping through a cone splitter. All RC sub-samples were collected over one metre downhole intervals and averaged 3-4kg.
was used to obtain 1 m samples from AC/RAB
which 3 kg was pulverised to produce a30g charge for fire assay'). In other Historic air core (AC) and rotary air blast (RAB) were typically collected at 1 metre intervals and placed on the ground with 3-4kgsub-samples collected using a scoop or spear. Three metre or four metre composited interval samples were often collected by

Criteria JORC Code explanation Commentary
cases more explanation may berequired, such as where there is coarse using a scoop (dry samples) or spear (wet samples). If composite samples returned anomalous results once assayed, the singlemetre sub-samples of the anomalous composite intervals were retrieved and submitted for individual gold analysis.
gold that has inherent sampling Assay Methodology
problems. Unusual commodities ormineralisation types (eg submarinenodules) may warrant disclosure ofdetailed information. Historic sample analysis typically included a number of commercial laboratories with preparation as per the following method,oven drying (90-110°C), crushing (<-2mm to <-6mm), pulverizing (<-75μm to <-105μm), and riffle split to obtain a 30, 40, or50gram catchweight for gold analysis. Fire Assay fusion, with AAS finish was the common method of analysis however, onoccasion, initial assaying may have been carried out via Aqua Regia digest and AAS/ICP finish. Anomalous samples weresubsequently re-assayed by Fire Assay fusion and AAS/ICP finish.
Recent sample analysis typically included oven drying (105-110°C), crushing (<-6mm & <-2mm), pulverising (P90% <-75μm) andsample splitting to a representative 50gram catchweight sample for gold only analysis using Fire Assay fusion with AAS finish.
Multi element analysis was also conducted on approximately 10% of samples, predominantly through ore zones. This wasconducted via a 4-acid digest with ICP-MS/OES determination for a 48 element suite.
Rock Chips
All rock chip samples are taken using a pick. The samples are taken from outcrop where possible. Samples are also taken from insitu float material or waste rock around historic workings, where outcrop is not present. Care is taken to ensure all samples arerepresentative of the medium being sampled. For example, if a 1m sediment unit is being sampled, a channel sample will betaken across the entire unit.
All recent drilling, sample collection and sample handling procedures were conducted and/or supervised by KIN geologypersonnel to high level industry standards. QA/QC procedures were implemented during each drilling program to industrystandards.
Drilling techniques Drill type (eg core, reverse circulation,open-hole hammer, rotary air blast, Drilling carried out since 1986 and up to the most recent drill programs completed by KIN Mining was obtained from a combinationof reverse circulation (RC), diamond core (DD), air core (AC), and rotary air blast (RAB) drilling.
auger, Bangka, sonic, etc) and details(eg core diameter, triple or standardtube, depth of diamond tails, facesampling bit or other type, whether coreis oriented and if so, by what method,etc). Data prior to 1986 is limited due to lack of exploration.
Diamond
Historic DD was carried out using industry standard 'Q' wireline techniques, with the core retrieved from the inner tubes andplaced in core trays. Core sizes include NQ/NQ3 (Ø 45-48mm) and HQ/HQ3 (Ø 61-64mm). At the end of each core run, thedriller placed core blocks in the tray, marked with hole number and depth. Core recovery was usually measured for each corerun and recorded onto the geologist's drill logs.
2017 – 2018 DD was carried out by contractor Orbit Drilling Pty Ltd ("Orbit Drilling") with a Mitsubishi truck-mounted Hydco1200H 8x4 drill rig, using industry standard 'Q' wireline techniques. 2019 DD was carried out y Topdrill Pty Ltd. With a SandvickDE840 mounted on a Mercedes Benz 4144 Actros 8x8 Carrier. The rig is fitted with Sandvik DA555 hands free diamond drillingrod handler and Austex hands free hydraulic breakout.
Drill core is retrieved from the inner tubes and placed in plastic core trays and each core run depth recorded onto core markerblocks and placed at the end of each run in the tray. Core sizes include NQ2 (Ø 47mm) and HQ3 (Ø 64mm).
Recent DD core recovery and orientation was obtained for each core run where possible, using electronic core orientation tools

Criteria JORC Code explanation Commentary
(e.g. Reflex EZ-ACT) and the 'bottom of core' marked accordingly.
2017 -18 drilling was measured at regular downhole intervals, typically at 10-15m from surface and then every 30m to bottomof hole, using electronic multi-shot downhole survey tools (i.e. Reflex EZ-TRAC or Camteq Proshot). Independent programs ofdownhole deviation surveying were also carried out to validate previous surveys. These programs utilised either electroniccontinuous logging survey tool (AusLog A698 deviation tool) or gyroscopic survey equipment.
2019 DD was surveyed at regular downhole intervals (every 30m with an additional end-of-hole survey) using electronicgyroscopic survey equipment.
RC
Historic RC drilling used conventional reverse circulation drilling techniques, utilising a cross-over sub, or face-samplinghammers with bit shrouds. Drill bit sizes typically ranged between 110-140mm.
2017-18 RC drilling was carried out by Orbit Drilling's truck-mounted Hydco 350RC 8x8 Actross drill rigs with 350psi/1250cfm aircompressor, with auxiliary and booster air compressors (when required). Drilling utilised mostly downhole face-samplinghammer bits (Ø 140mm), with occasional use of blade bits for highly oxidized and soft formations. The majority of drillingretrieved dry samples, with the occasional use of the auxiliary and booster air compressors beneath the water table, tomaintain dry sample return as much as possible. RC drillhole deviations were surveyed downhole, typically carried out inside anon-magnetic stainless steel (s/s) rod located above the hammer, using electronic multi-shot downhole tool (e.g. Reflex EZTRAC). In some instances, drillholes were surveyed later in open hole. Independent programs of downhole deviation surveyingwere also carried out to validate previous surveys. These programs utilised either electronic continuous logging survey tool(AusLog A698 deviation tool) or gyroscopic survey equipment.
2019 RC drilling was carried out by Swick Mining Services truck-mounted Swick version Schramm 685 RC Drill Rig (Rod Handler& Rotary Cone Splitter) with support air truck and dust suppression equipment. Drilling utilised downhole face-samplinghammer bits (Ø 140mm). The majority of drilling retrieved dry samples, with the occasional use of the auxiliary and booster aircompressors beneath the water table, to maintain dry sample return as much as possible.
2019 RC was surveyed at regular downhole intervals (every 30m with an additional end-of-hole survey) using electronicgyroscopic survey equipment.
AC/RAB
Historic AC drilling was conducted utilising suitable rigs with appropriate compressors (eg 250psi/600cfm). AC holes were drilledusing 'blade' or 'wing' bits, until the bit was unable to penetrate ('blade refusal'), often near the fresh rock interface. Hammerbits were used only when it was deemed necessary to penetrate further into the fresh rock profile or through notable "hardboundaries" in the regolith profile. No downhole surveying is noted to have been undertaken on AC drillholes.
Historic RAB drilling was carried out using small air compressors (eg 250psi/600cfm) and drill rods fitted with a percussionhammer or blade bit, with the sample return collected at the drillhole collar using a stuffing box and cyclone collectiontechniques. Drillhole sizes generally range between 75-110mm. No downhole surveying is noted to have been undertaken onRAB drillholes.
Drill sample recovery Method of recording and assessing core Diamond
and chip sample recoveries and results Historic core recovery was recorded in drill logs for most of the diamond drilling programs since 1985. A review of historical

Criteria JORC Code explanation Commentary
assessed. reports indicates that core recovery was generally good (>80%) with lesser recoveries recorded in zones of broken groundand/or areas of mineralisation. Overall recoveries are considered acceptable for resource estimation.
Measures taken to maximise samplerecovery and ensure representativenature of the samples. Recent core recovery data was recorded for each run by measuring total length of core retrieved against the downhole intervalactually drilled and stored in the database. KIN representatives continuously monitor core recovery and core presentationquality as drilling is conducted and issues or discrepancies are rectified promptly to maintain industry best standards. Core
Whether a relationship exists betweensample recovery and grade and whether recoveries averaged >95%, even when difficult ground conditions were being encountered. When poor ground conditions wereanticipated, a triple tube drilling configuration was utilised to maximize core recovery
sample bias may have occurred due to RC/AC/RAB
preferential loss/gain of fine/coarse Historic sample recovery information for RC, AC, and RAB drilling is limited.
material. Recent RC drilling samples are preserved as best as possible during the drilling process. At the end of each 1 metre downholeinterval, the driller stops advancing, retracts from the bottom of hole, and waits for the sample to clear from the bottom of thehole through to the sample collector box fitted beneath the cyclone. The sample is then released from the sample collector boxand passed through either a 3-tiered riffle splitter or cone splitter fitted beneath the sample box.
Drilling prior to 2018 utilised riffle split collection whereas sample collection via a cone splitter was conducted for drillingundertaken since March 2018; cyclone cleaning processes remained the same.
Sample reject is collected in plastic bags, and a 3-4kg sub-sample is collected in pre-marked calico bags for analysis. Once thesamples have been collected, the cyclone, sample collector box and riffle splitter are flushed with compressed air, and thesplitter cleaned by the off-sider using a compressed air hose at both the end of each 6 metre drill rod and then extensivelycleaned at the completion of each hole. This process is maintained throughout the entire drilling program to maximise drillsample recovery and to maintain a high level of representivity of the material being drilled.
RC drill sample recoveries are not recorded in the database however a review by Carras Mining Pty Ltd (CM) in 2017, of RC drillsamples stored in the field, and ongoing observations of RC drill rigs in operation by KIN representatives, suggests that RCsample recoveries were mostly consistent and typically very good (>90%).
Collected samples are deemed reliable and representative of drilled material and no material discrepancy, that would impede amineral resource estimate, exists between collected RC primary and sub-samples.
Logging Whether core and chip samples havebeen geologically and geotechnicallylogged to a level of detail to support Logging data coded in the database, prior to 2014, illustrates at least four different lithological code systems, a legacy of numerouspast operators (Hunter, MPI, Metana, CIM, MEGM, Pacmin, SOG, and Navigator). Correlation between codes is difficult to establishhowever, based on historical reports, drill hole logging procedures appear consistent with normal industry practices of the time.
appropriate Mineral Resourceestimation, mining studies and KIN has attempted to validate historical logging data and to standardize the logging code system by incorporating the SOG andNavigator logging codes into one.
metallurgical studies. Diamond
Whether logging is qualitative orquantitative in nature. Core (or costean,channel, etc) photography. Historical diamond core logging was recorded into drill logs for most of the diamond drilling programs since 1985. A review ofhistorical reports indicates that logging noted core recovery, fractures per metre and RQD, lithology, alteration, texture,mineralisation, weathering, and other features. Core was then marked up for cutting and sampling.
Navigator's procedure for logging of diamond core included firstly marking of the bottom of the core (for successful core

Criteria JORC Code explanation Commentary
The total length and percentage of therelevant intersections logged. orientations), then recording of core recovery, fractures per metre and RQD, lithology, alteration, texture, mineralisation,weathering, and other features. Core was then marked up for cutting and sampling. Navigator DD logging is predominantly togeological contacts.
Navigator logging information was entered directly into hand held digital data loggers and transferred directly to the database,after validation, to minimize data entry errors.
Drill core photographs, for drilling prior to 2014, are available only for diamond drillholes completed by Navigator.
KIN DD logging is carried out on site once geology personnel retrieve core trays from the drill rig site. Core is collected from therig daily. The entire length of every hole is logged. Recorded data includes lithology, alteration, structure, texture,mineralisation, sulphide content, weathering and other features. Drillhole collar coordinates, azimuth, dip, depth and samplingintervals are also recorded. KIN DD logging is to geological contacts.
Qualitative logging includes classification and description of lithology, weathering, oxidation, colour, texture and grain size.Quantitative logging includes percentages of identified minerals, veining, and structural measurements (using a kenometertool). In addition, logging of diamond drilling includes geotechnical data, RQD and core recoveries.
Drill core is photographed at the Cardinia site, prior to any cutting and/or sampling, and then stored in this location.Photographs are available for every diamond drillhole completed by KIN and a selection of various RC chip trays. SG data is alsocollect
All information collected is entered directly into laptop computers or tablets, validated in the field, and then transferred to thedatabase.
The level of logging detail is considered appropriate for exploration and to support appropriate mineral resource estimation,mining studies, and metallurgical studies.
Diamond drillholes completed for geotechnical purposes were independently logged for structural data by geotechnicalconsultants.
RC/AC/RAB
Historical RC, AC, and RAB logging (including Navigator) was entered on a metre by metre basis. Logging consisted of lithology,alteration, texture, mineralisation, weathering, and other features
For the majority of historical drilling (pre-2004) the entire length of each drillhole have been logged from surface to 'end ofhole'.
KIN RC logging of was carried out in the field and logging has predominantly been undertaken on a metre by metre basis. KINlogging is inclusive of the entire length of each RC drillhole from surface to 'end of hole'.
Recorded data includes lithology, alteration, structure, texture, mineralisation, sulphide content, weathering and otherfeatures. Drillhole collar coordinates, azimuth, dip, depth and sampling intervals are also recorded.
Qualitative logging includes classification and description of lithology, weathering, oxidation, colour, texture and grain size.Quantitative logging includes identification and percentages of mineralogy, sulphides, mineralisation, and veining.
Photographs are available for a selection of recent KIN RC drillholes.

Criteria JORC Code explanation Commentary
All information collected is entered directly into laptop computers or tablets, validated in the field, and then transferred to thedatabase.
The level of logging detail is considered appropriate for exploration and to support appropriate mineral resource estimation,mining studies, and metallurgical studies.
Rock Chips
All rock chip samples are inspected by the sampling geologist and logged for lithology, alteration, mineralisation, veining, andstructural fabric. This is a combination of qualitative and quantitative data.
Sub-sampling techniques and If core, whether cut or sawn and Diamond
sample preparation whether quarter, half or all core taken. Historic diamond drill core (NQ/NQ3 or HQ/HQ3) samples collected for analysis were longitudinally cut in half, and occasionally
If non-core, whether riffled, tubesampled, rotary split, etc and whethersampled wet or dry. in quarters for the larger (HQ/HQ3) diameter holes, using a powered diamond core drop saw centered over a cradle holding thecore in place. Half core or quarter core sample intervals typically varied from 0.3m to 1.4m in length. 1m sample intervals werefavoured and are the most common method of sampling, however sample boundaries do principally coincide with geologicalcontacts. The remaining core was retained in core trays.
For all sample types, the nature, qualityand appropriateness of the samplepreparation technique.Quality control procedures adopted for 2017-18 diamond drill core samples collected for analysis were longitudinally cut in half, with some samples cut into quarters,using a powered diamond core drop saw blade centered over a cradle holding the core in place. Core sample intervals variedfrom 0.2 to 1.25m in length but were predominantly aligned to 1m intervals or with sample boundaries which respectedgeological contacts. The remaining core was retained in their respective core trays and stored in KIN's yard for future reference.All KIN diamond drill core is securely stored at the KIN Leonora Yard.
all sub-sampling stages to maximiserepresentivity of samples.Measures taken to ensure that thesampling is representative of the in situ 2019 diamond drill core samples collected for analysis were longitudinally cut in half, with some samples cut into thirds, usingan automated Corewise powered diamond core saw with the blade centered over a boat holding the core in place. Core sampleintervals varied from 0.2 to 1.25m in length but were predominantly aligned to 1m intervals or with sample boundaries whichrespected geological contacts. The remaining core was retained in their respective core trays and stored in KIN's yard for futurereference. All KIN diamond drill core is securely stored at the Cardinia coreyard.
material collected, including for instanceresults for field duplicate/second-halfsampling. All sub-sampling techniques and sample preparation procedures conducted and/or supervised by KIN geology personnel are tostandard industry practice. Sub-sampling and sample preparation techniques used are considered to maximise representivity ofdrilled material. QA/QC procedures implemented during each drilling program are to industry standard practice.
Whether sample sizes are appropriate tothe grain size of the material being Samples sizes are considered appropriate for this style of gold mineralisation and as an industry accepted method for evaluationof gold deposits in the Eastern Goldfields of Western Australia.
sampled. RC/AC/RAB
Historic sampling was predominantly conducted by collecting 1m samples from beneath a cyclone and either retaining theseprimary samples or passing through a riffle splitter to obtain a 3-4kg sub-sample for analysis. First pass sampling often involvedcollecting composite samples by using a scoop (dry samples) or spear/tube (wet samples) to obtain 3m or 4m compositedintervals, with the single metre split samples being retained at the drill site as spoil or in sample bags. If composite sampleassays returned anomalous results, the single metre samples for this composite were retrieved and submitted for analysis.RC/AC/RAB sampling procedures are believed to be consistent with the normal industry practices at the time.
Samples obtained from conventional RC drilling techniques with cross-over subs often suffered from down hole contamination,

Criteria JORC Code explanation Commentary
especially beneath the water table. Samples obtained from RC drilling techniques using the face sampling hammer suffered lessfrom down hole contamination and were more likely to be kept dry beneath the water table, particularly if auxiliary and boosterair compressors were used. These samples are considered to be representative.
The vast majority of Reverse Circulation (RC) drill samples were collected at 1m downhole intervals from beneath a cyclone andthen riffle split to obtain a sub-sample (typically 3-4kg). After splitting, 1m sub-samples were typically collected in prenumbered calico bags, and the 1m sample rejects were commonly stored at the drill site in marked plastic bags, for futurereference. First pass sampling often involved collecting composite samples by using a scoop (dry samples) or spear/tube (wetsamples) to obtain 3m or 4m composited intervals, with the single metre split sub-samples being retained at the drill site. If thecomposite sample assays returned anomalous results, single metre sub-samples for the anomalous composite intervals wereretrieved and submitted for analysis.
Navigator included standards, fields duplicate splits (since 2009), and blanks within each drill sample batch, at a ratio of 1 forevery 20 samples, with the number of standards being inserted at a ratio of 1 for every 50 samples.
Recent RC sub-samples were collected over 1 metre downhole intervals and retained in pre-marked calico bags, after passingthrough a cyclone and either a riffle splitter, prior to March 2018, or cone splitter, after March 2018. The majority of RC subsamples consistently averaged 3-4kg. Sample reject from the riffle splitter were retained and stored in plastic bags, and locatednear each drillhole site. When drilling beneath the water table, the majority of sample returns were kept dry by the use of theauxiliary and booster air compressors. Very few wet samples were collected through the splitter, and the small number of wetor damp samples is not considered material for resource estimation work.
KIN RC drill programs utilise field duplicates, at regular intervals at a ratio of 1:25, and assay results indicate that there isreasonable analytical repeatability; considering the presence of nuggety gold.
All sub-sampling techniques and sample preparation procedures conducted and/or supervised by KIN geology personnel are tostandard industry practice. Sub-sampling and sample preparation techniques used are considered to maximise representivity ofdrilled material. QA/QC procedures implemented during each drilling program are to industry standard practice.
Samples sizes are considered appropriate for this style of gold mineralisation and as an industry accepted method for evaluationof gold deposits in the Eastern Goldfields of Western Australia.
No duplicates are taken for rock chip sampling. Sample sizes are approximately 3kg, this is considered appropriate for thematerial being sampled.
Quality of assay data andlaboratory tests The nature, quality and appropriatenessof the assaying and laboratoryprocedures used and whether the Numerous assay laboratories and various sample preparation and assay techniques have been used since 1981. Historicalreporting and descriptions of laboratory sample preparation, assaying procedures, and quality control protocols for the samplesfrom the various drilling programs are variable in their descriptions and completeness.
technique is considered partial or total. Assay data obtained prior to 2001 is incomplete and the nature of results could not be accurately quantified due to thecombinations of various laboratories and analytical methodologies utilised.
For geophysical tools, spectrometers,handheld XRF instruments, etc, theparameters used in determining the Since 1993, the majority of samples submitted to the various laboratories were typically prepared for analysis firstly by ovendrying, crushing and pulverizing to a nominal 85% passing 75µm.
analysis including instrument make and In the initial exploration stages, Aqua Regia digest with AAS/ICP finish, was generally used as a first pass detection method, withfollow up analysis by Fire Assay fusion and AAS/ICP finish. This was a common practice at the time. Mineralised intervals were

CriteriaJORC Code explanation Commentary
model, reading times, calibrations subsequently Fire Assayed (using 30, 40 or 50 gram catchweights) with AAS/ICP finish.
factors applied and their derivation, etc.Nature of quality control proceduresadopted (eg standards, blanks, assay methods. Approximately 15-20% of the sampled AC holes may have been subject to Aqua Regia digest methods only, however AC sampleswere predominantly within the oxide profile, where aqua regia results would not be significantly different to results from fire
duplicates, external laboratory checks) Limited information is available regarding check assays for drilling programs prior to 2004.
and whether acceptable levels ofaccuracy (ie lack of bias) and precisionhave been established. During 2004-2014, Navigator utilised six different commercial laboratories during their drilling programs, however KalgoorlieAssay Laboratories conducted the majority of assaying for diamond, RC, and AC samples using Fire Assay fusion on 40 gramcatchweights with AAS/ICP finish.
Since 2009 Navigator regularly included field duplicates and Certified Reference Material (CRM), standards and blanks, with theirsample batch submissions to laboratories at average ratio of 1 in 20 samples. Sample assay repeatability and blank and CRMstandard assay results were typically within acceptable limits.
KIN sample analysis from 2014 to 2018 was conducted by SGS Australia Pty Ltd's ("SGS") Kalgoorlie and Perth laboratories. Samplepreparation included oven drying (105°C), crushing (<6mm), pulverising (P90% passing 75µm) and riffle split to obtain a 50 gramcatchweight. Analysis for gold only was carried out by Fire Assay fusion technique with AAS finish (SGS Lab Code FAA505).
KIN regularly insert blanks and CRM standards in each sample batch at a ratio of 1:50. This allows for at least one blank andone CRM standard to be included in each of the laboratory's fire assay batch of 50 samples. Field duplicates are typicallycollected at a ratio of 1:50 samples and test sample assay repeatability. Blanks and CRM standards assay result performanceis predominantly within acceptable limits for this style of gold mineralisation.
KIN requests laboratory pulp grind and crush checks at a ratio of 1:50 or less since May 2018 in order to better qualify samplepreparation and evaluate laboratory performance. Samples have generally illustrated appropriate crush and grind sizepercentages since the addition of this component to the sample analysis procedure.
SGS include laboratory blanks and CRM standards as part of their internal QA/QC for sample preparation and analysis, as wellas regular assay repeats. Sample pulp assay repeatability, and internal blank and CRM standards assay results are typicallywithin acceptable limits.
From late 2018 samples have been analysed by Intertek Genalysis, with sample preparation either at their Kalgoorlie preplaboratory or the Perth Laboratory located in Maddington. Sample preparation included oven drying (105°C), crushing (<6mm),pulverising (P90% passing 75µm) and split to obtain a 50 gram catchweight. Analysis for gold only was carried out by Fire Assayfusion technique with AAS finish.
KIN regularly insert blanks and CRM standards in each sample batch at a ratio of 1:25. Kin accepts that this ratio of QAQC isindustry standard. Field duplicates are typically collected at a ratio of 1:25 samples and test sample assay repeatability. Blanksand CRM standards assay result performance is predominantly within acceptable limits for this style of gold mineralisation.
KIN requests laboratory pulp grind and crush checks at a ratio of 1:50 or less since May 2018 in order to better qualify samplepreparation and evaluate laboratory performance. Samples have generally illustrated appropriate crush and grind sizepercentages since the addition of this component to the sample analysis procedure.
Genalysis include laboratory blanks and CRM standards as part of their internal QA/QC for sample preparation and analysis,

Criteria JORC Code explanation Commentary
as well as regular assay repeats. Sample pulp assay repeatability, and internal blank and CRM standards assay results aretypically within acceptable limits.
The nature and quality of the assaying and laboratory procedures used are considered to be satisfactory and appropriate for usein mineral resource estimations.
Fire Assay fusion is considered to be a total extraction technique. The majority of assay data used for the mineral resourceestimations were obtained by the Fire Assay technique with AAS or ICP finish. AAS and ICP methods of detection are bothconsidered to be suitable and appropriate methods of detection for this style of mineralisation
Aqua Regia is considered a partial extraction technique, where gold encapsulated in refractory sulphides or some silicate mineralsmay not be fully dissolved, resulting in partial reporting of gold content.
No other analysis techniques have been used to determine gold assays.
Ongoing QAQC monitoring program identified one particular CRM returning spurious results. Further analysis demonstrated thatthe standard was compromised and was subsequently removed and destroyed. A replacement CRM of similar grade wassubstituted into the QAQC program.
KIN continues to both develop and reinforce best practice QAQC methods for all drilling operations and the treatment andanalysis of samples. Regular laboratory site visits and audits have been introduced since April 2018 and will be conducted on aquarterly basis. This measure will ensure that all aspects of KIN QAQC practices are adhered to and align with industry bestpractice.
All rock chip samples have been submitted to Intertek Genalysis (Perth) for analysis by 50g Fire assay, with multi-element analysisvia a 4-acid digest for a 48-element suite. Sample preparation included oven drying (105°C), crushing (<6mm), pulverising (P90%passing 75µm). Blanks and standards are inserted by the lab at a minimum rate of 1 in 50. Lab repeats are performed for sampleswith particularly high gold values. Due to the nature and intended uses of this data, this QAQC procedure is intentionally lessrigorous than that used for drilling samples.
Verification of sampling andassaying The verification of significantintersections by either independent or Verification of sampling, assay techniques, and results prior to 2004 is limited due to the legacy of the involvement of variouscompanies, personnel, drilling equipment, sampling protocols and analytical techniques at different laboratories.
alternative company personnel. During 2009, a selection of significant intersections had been verified by Navigator's company geologists and an independent
The use of twinned holes. consultant McDonald Speijers ("MS"). MS were able to validate 92% of the assay records in 50 randomly selected check holes, andonly 6 assay discrepancies were detected (< 0.2%), only 2 of those were considered significant. MS concluded that the very small
Documentation of primary data, data proportion of discrepancies indicated that the assay database was probably reliable at that time.
entry procedures, data verification, datastorage (physical and electronic)protocols. In 2009, Runge Ltd ("Runge") completed a mineral resource estimate report for the Cardinia Project area, including the Helens,Rangoon, Kyte and Bruno_Lewis deposits. Runge's database verification included basic visual validation in Surpac and fieldverification of drillhole positions in February 2009. Runge did not report any significant issues with the database.
Discuss any adjustment to assay data. Since 2014, significant drill intersections have been verified by KIN company geologists during the course of the drilling programs.
During 2017, Carras Mining Pty Ltd ("CM") carried out an independent data verification. 38,098 assay records for KIN 2014-2017drilling programs were verified by comparing laboratory assay reports against the database. 6 errors were found, which are notconsidered material and which represented only 0.03% of all database records verified for KIN 2014-2017 drilling programs

Criteria JORC Code explanation Commentary
No adjustments, averaging or calibrations are made to any of the assay data recorded in the database. QA/QC protocol isconsidered industry standard with standard reference material submitted on a routine basis.
Recent (2014-2018) RC and diamond drilling by KIN included twinning of some historical holes within the Helens and Rangoonresource areas. There is no significant material difference between historical drilling information and KIN drilling information.
Areas without twinned holes illustrate a drill density that is considered sufficient to enable comparison with surrounding historicinformation. No material difference of a negative nature exists between historical drilling information and KIN drillinginformation.
KIN diamond holes drilled for metallurgical and geotechnical test work illustrate assay results with adequate correlation to bothnearby historical and recent drilling results.
No adjustment or calibration has been made to assay data.
Location of data points Accuracy and quality of surveys used tolocate drill holes (collar and down-hole Several local grids were established and used by previous project owners. During the 1990s, SOG transformed the surface surveydata firstly to AMG and subsequently to MGA (GDA94 zone51).
surveys), trenches, mine workings andother locations used in Mineral Resourceestimation. Navigator recognised errors in the collar co-ordinates resulting from transformations and as a result, a significant number of holeswere resurveyed and a new MGA grid transformation generated. Historical collars have been validated against the original localgrid co-ordinates and independently transformed to MGA co-ordinates and checked against the database. Navigator's MGA coordinates were checked against the surveyor's reports.
Specification of the grid system used. Drilling was carried out using these various local grids. Since 2004, All Navigators drill hole collars were surveyed on completion of
Quality and adequacy of topographiccontrol. drilling in the Australian MGA94, Zone51 grid using RTK-DGPS equipment by licensed surveyors, with more than 80% of thepickups carried out by independent contractors.
Almost all the diamond and at least 70% of Navigator RC holes were downhole surveyed. Pre-Navigator, single shot surveycameras were used, with typical survey intervals of 30-40 metres.
Recent KIN drill hole collars are located and recorded in the field by a contract surveyor using RTK-DGPS (with a horizontal andvertical accuracy of ±50mm). Location data was collected in the GDA94 Zone51 grid coordinate system.
Downhole surveying was predominantly carried out by the drilling contractor which, prior to late 2018, was Orbit Drilling Pty Ltd.This was conducted using a downhole electronic single shot magnetic tool. (Relfex EZ-shot), which is industry standard practice.This is considered sufficiently accurate except where significant magnetic interference is encountered. The magnetic field isrecorded on every survey and flagged when likely to interfere with the reading. These surveys are downgraded in the database. Inaddition, if the downhole survey tool is located within 15 metres of the surface, there is risk of influence from the drill rig affectingthe azimuth readings. This was observed for the survey readings, which include total magnetic intensity (TMI) measurements,where TMI is spurious for readings taken at downhole depths less than 20 metres. These spurious readings are included in thedatabase, but are not used.
Downhole surveying in 2019 has been conducted by the drilling contractors (Topdrill Pty Ltd and Swick Mining Services Pty Ltd)utilizing downhole electronic gyroscopic survey tools. These are considered very accurate and not susceptible to magneticinterference. No further surveying required to check drill hole deviation.
A small selection of drillhole collars, which do not have DGPS collar surveys, were picked up with a handheld GPS and individually

Criteria JORC Code explanation Commentary
appraised in regards to their location prior to modelling; the position of these collars is deemed appropriate for the resourceestimation work.
Considering the history of grid transformations and surviving documentation, there might be some residual risk of error in theMGA co-ordinates for old drillholes, however this is not considered to be material for the resource estimation.
Azimuth data was historically recorded relative to magnetic north. Much of the historical drilling data was recorded relative tomagnetic north. Variation in magnetic declination for the Cardinia Project area is calculated at +0.823° East (1985) to +1.301° East(2017), with a maximum variation of +1.575° in 2005. The difference between true north and magnetic north, and the annualvariation in magnetic declination since 1985 is not significant, therefore magnetic north measurements have been used, wheretrue north data is unavailable, for all survey data used in resource estimation processes.
The accuracy of drill hole collars and downhole data are located with sufficient accuracy for use in resource estimation work.
For rock chip samples, locations are recorded at the time of sampling using a handheld GPS in the GDA94 Zone51 grid coordinatesystem.
Data spacing and distribution Data spacing for reporting ofExploration Results. Drill hole spacing patterns vary considerably throughout the Cardinia Gold Project area and are deposit specific, depending on thenature and style of mineralisation being tested.
Whether the data spacing anddistribution is sufficient to establish thedegree of geological and gradecontinuity appropriate for the MineralResource and Ore Reserve estimationprocedure(s) and classifications applied. Drill hole spacing within the resource areas is sufficient to establish an acceptable degree of geological and grade continuity and isappropriate for both the mineral resource estimation and the resource classifications applied.
Whether sample compositing has beenapplied.
Orientation of data in relation togeological structure Whether the orientation of samplingachieves unbiased sampling of possible The Cardinia greenstone sequence displays a NNW to NW trend. Drilling and sampling programs were carried out to obtainunbiased locations of drill sample data, generally orthogonal to the strike of mineralisation.
structures and the extent to which this isknown, considering the deposit type. At Helens mineralisation is structurally controlled in sub-vertical shear zones, with supergene components of varying lateralextensiveness present in the oxide profile.
If the relationship between the drillingorientation and the orientation of keymineralised structures is considered tohave introduced a sampling bias, thisshould be assessed and reported if The vast majority of historical drilling, pre-Navigator (pre-2004), and KIN drilling is orientated at -60°/245° (WSW) and -60°/065°(ENE).
At Bruno-Lewis and Kyte, mineralisaton is either stratigraphy parallel (trending NNW, steep to moderately W-dipping) or crosscutting and dipping shallowly to the NE (striking NW). The vast majority of the drilling is therefore predominantly orientated at -60°/225-250° or -60°/090°. Grade Control drillholes were drilled vertically. Since late 2018, Kin's drilling has been largely orientedto 070° to target contact lodes and 225-250° to target the NE-dipping potassic lodes.
material. The chance of sample bias introduced by sample orientation is considered minimal. No orientation sampling bias has beenidentified in data thus far.

Criteria JORC Code explanation Commentary
Sample security The measures taken to ensure sample No sample security details are available for pre-Navigator (pre-2004) drill or field samples.
security. Navigator drill samples (2004-2014) were collected in pre-numbered calico bags at the drill rig site. Samples were then collectedby company personnel from the field and transported to the secure Navigator yard in Leonora. Samples were then batchprocessed (drillhole and sample numbers logged into the database) and then packed into 'bulkabag sacks'. The bulkabags weretied off and stored securely in the Navigator yard until being transported to the selected laboratory. There was no perceivedopportunity for the samples to be compromised from collection of samples at the drill site to delivery to the laboratory.
2017 -18 KIN RC drill samples were collected in pre-numbered calico bags at the drill rig site. The samples were then batchprocessed (drillhole and sample numbers encoded onto a hardcopy sample register) in the field, and then transported andstacked into 'bulkabag sacks' at the secure KIN yard location in Leonora. Bulkabags were tied off and stored securely in the yarduntil being transported to the laboratory.
2019 RC drill samples were collected in pre-numbered calico bags at the drill rig site. The samples were then batch processed(drillhole and sample numbers encoded onto a hardcopy sample register) in the field, and then transported and stacked into'bulkabag sacks' at the Cardinia office.
2017-18 KIN DD samples were obtained by KIN personnel in pre-numbered calico bags at the KIN yard location in Leonora.Samples were then stacked into 'bulkabag sacks' at the yard location and stored securely until being transported to thelaboratory.
2019 samples were obtained by KIN personnel in pre-numbered calico bags at the core yard located at the Cardinia office.Samples were then stacked into 'bulkabag sacks' at the yard location and stored securely until being transported to thelaboratory.
Transport contractors are utilised to transport samples to the laboratory. No perceived opportunity for samples to becompromised from collection of samples at the drill site, to delivery to the laboratory, where they were stored in their securecompound, and made ready for processing is deemed likely to have occurred.
On receipt of the samples, the laboratory independently checked the sample submission form to verify samples received andreadied the samples for sample preparation. SGS and Genalysis sample security protocols are of industry standard and deemedacceptable for resource estimation work.
Audits or reviews The results of any audits or reviews ofsampling techniques and data. Historic drilling and sampling methods and QA/QC are regarded as not being as thoroughly documented compared to currentstandards. Inhouse reviews of various available historical company reports of drilling and sampling techniques indicates thatthese were most likely conducted to industry best practice and standards of the day.
Independent geological consultants Runge Ltd completed a review of the Cardinia Project database, drilling and samplingprotocols, and so forth in 2009. The Runge report highlighted issues with bulk density and QA/QC analysis within the supplieddatabase. Identified issues were subsequently addressed by Navigator and KIN.
Carras Mining Pty Ltd (CM), an independent geological consultant, reviewed and carried out an audit on the field operations anddatabase in 2017. Drilling and sampling methodologies observed during the site visits were to industry standard. No issues wereidentified for the supplied databases which could be considered material to a mineral resource estimation. During the review,Carras Mining logged the oxidation profiles (base of complete oxidation and top of fresh rock) for each of the deposit areas, basedon visual inspection of selected RC drill chips from KIN's recent drilling programs, and a combination of historical and KIN drillholelogging. Final adjustments were made with input from KIN geologists. The oxidation profiles were used to assign bulk densities

Criteria JORC Code explanation Commentary
and metallurgical recoveries to the 2017 resource models.
Past bulk density test work has been inconsistent with incorrect methods employed, to derive specific gravity or in-situ bulkdensity, rather than dry bulk density. Navigator (2009) and recent KIN (2017) bulk density test work was carried out using thewater immersion method on oven dried, coated samples to derive dry bulk densities for different rock types and oxidationprofiles. This information has been incorporated into the database for resource estimation work. CM conducted site visits during2017 to the laboratory to validate the methodology.
Drilling, sampling methodologies, and assay techniques used in these drilling programs are considered to be appropriate and tomineral exploration industry standards of the day.
Laboratory site visits and audits were introduced in April 2018 and are conducted on a quarterly basis. This measure ensures thatall aspects of KIN QAQC practices are adhered to and align with industry best practice.

Section 2 Reporting of Exploration Results

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

Criteria JORC Code explanation Commentary
Mineral tenement and landType, reference name/number, location and ownershiptenure statusincluding agreements or material issues with third parties suchas joint ventures, partnerships, overriding royalties, native titleinterests, historical sites, wilderness or national park andenvironmental settings.The security of the tenure held at the time of reporting alongwith any known impediments to obtaining a licence to operatein the area. The Cardinia Project, 35-40km NE of Leonora is managed, explored and maintained by KIN, and constitutea portion of KIN's Leonora Gold Project (LGP), which is located within the Shire of Leonora in the MtMargaret Mineral Field of the North Eastern Goldfields.
The Helens and Rangoon area includes granted mining tenements M37/316 and M37/317, The tenementsare held in the name of Navigator Mining Pty Ltd, a wholly owned subsidiary of KIN.
The Bruno-Lewis and Kyte areas includes granted mining tenements M37/86, M37/227, M37/277,M37/300, M37/428 and M37/646. The tenements are held in the name of Navigator Mining Pty Ltd, awholly owned subsidiary of KIN. The following royalty payment may be applicable to the areas within theCardinia Project's Bruno and Lewis areas that comprise the deposits being reported on:
1.Gloucester Coal Ltd (formerly CIM Resources Ltd and Centenary International Mining Ltd) in respectof M37/86 - 1% of the quarterly gross value of sales for gold ounces produced, in excess of 10,000ounces.
There are no known native title interests, historical sites, wilderness areas, national park or environmentalimpediments over the outlined current resource areas, and there are no current impediments to obtaininga licence to operate in the area.
Exploration done by otherparties Acknowledgment and appraisal of exploration by other parties. At Cardinia, from 1980-1985, Townson Holdings Pty Ltd ("Townson") mined a small open pit over selectedhistorical workings at the Rangoon prospect. Localised instances of drilling relating to this mining event arenot recorded and are considered insubstantial and immaterial for resource modelling Companiesinvolved in the collection of the majority of the gold exploration data since 1985 and prior to 2014 include:

Criteria JORC Code explanation Commentary
Thames Mining NL ("Thames") 1985; Mt Eden Gold Mines (Aust) NL (also Tarmoola Aust Pty Ltd "MEGM")1986-2003; Centenary International Mining Ltd ("CIM") 1986-1988, 1991-1992; Metana Minerals NL("Metana") 1986-1989; Sons of Gwalia Ltd ("SOG") 1989, 1992-2004; Pacmin Mining Corporation("Pacmin") 1998-2001, and Navigator Resources Ltd ("Navigator") 2004-2014.
In 2009 Navigator commissioned Runge Limited ("Runge") to complete a Mineral Resource estimate forthe Bruno, Lewis, Kyte, Helens and Rangoon deposits. Runge reported a JORC 2004 compliant MineralResource estimate, at a cut-off grade of 0.7g/t Au, totaling 1.45Mt @ 1.3 g/t au (61,700 oz Au) for Helensand Rangoon, and totaling 4.34Mt @ 1.2 g/t au (169,700 oz Au) for Bruno, Lewis and Kyte.
A trial pit (Bruno) was mined by Navigator in 2010, and a 'test parcel' of ore was extracted and transportedfirstly to Sons of Gwalia's processing plant in Leonora, and finally to Navigator's processing plant located atBronzewing, where approximately 100,000 tonnes were processed at an average head grade of 2.33 g/t au(7,493 oz Au).
Geology Deposit type, geological setting and style of mineralisation. The Cardinia Project area is located in the central part of the Norseman-Wiluna Greenstone Belt, whichextends for some 600km on a NNW trend across the Archean Yilgarn Craton of Western Australia.
The regional geology comprises a suite of NNE-North trending greenstones positioned within theMertondale Shear Zone (MSZ) a splay limb of the Kilkenny Lineament. The MSZ denotes the contactbetween Archaean felsic volcanoclastics and sediment sequences in the west and Archaean mafic volcanicsin the east. Proterozoic dolerite dykes and Archaean felsic porphyries have intruded the shearedmafic/felsic volcanoclastic/sedimentary sequence.
Locally within the Cardinia Project area, the stratigraphy consists of intermediate, mafic and felsic volcanicand intrusive lithologies and locally derived epiclastic sediments, which strike NNW, dipping steep-tomoderately to the west. Structural foliation of the areas stratigraphy predominantly dips steeply to theeast but localised inflections are common and structural orientation can vary between moderately (50-75°)easterly to moderately westerly dipping.
Mineralisation at Helens is controlled by a cross-cutting fault, hosted predominantly in mafic rock units,adjacent to the felsic volcanic/sediment contacts. The ore zones are associated with increased shearing,intense alteration and disseminated sulphides. Minor supergene enrichment occurs locally withinmineralised shears throughout the regolith profile.
Mineralisation at Bruno-Lewis is largely controlled by the stratigraphic contact between basalt and felsicvolcanics. Gold is associated with significant sulphide mineralisation in the sediments and volcaniclasticsbetween the 2 volcanic units. Gold Is also hosted within shallowly NE-dipping lodes, associated withincreased potassic-sericite alteration and quartz stockwork veining. These lodes also host themineralisation at Kyte. Substantial supergene mineralisation sits above both styles of mineralisation.
Drill hole Information A summary of all information material to the understanding ofthe exploration results including a tabulation of the followinginformation for all Material drill holes: Material drilling information for exploration results has previously been publicly reported in numerousannouncements to the ASX by Navigator (2004-2014) and KIN since 2014.

Criteria JORC Code explanation Commentary
easting and northing of the drill hole collarelevation or RL (Reduced Level – elevation above sea levelin metres) of the drill hole collardip and azimuth of the holedown hole length and interception depthhole length.If the exclusion of this information is justified on the basis thatthe information is not Material and this exclusion does notdetract from the understanding of the report, the CompetentPerson should clearly explain why this is the case.
Data aggregation methods In reporting Exploration Results, weighting averagingtechniques, maximum and/or minimum grade truncations (egcutting of high grades) and cut-off grades are usually Materialand should be stated.Where aggregate intercepts incorporate short lengths of highgrade results and longer lengths of low grade results, theprocedure used for such aggregation should be stated andsome typical examples of such aggregations should be shownin detail.The assumptions used for any reporting of metal equivalentvalues should be clearly stated. When exploration results have been reported for the resource areas, the intercepts are reported asweighted average grades over intercept lengths defined by geology or lower cut-off grades, without highgrade cuts applied. Where aggregate intercepts incorporated short lengths of high grade results, theseresults were included in the reports.Since 2014, KIN have reported RC drilling intersections with low cut off grades of >= 0.5 g/t Au and amaximum of 2m of internal dilution at a grade of <0.5g/t Au.There is no reporting of metal equivalent values.
Relationship betweenmineralisation widths andintercept lengths These relationships are particularly important in the reportingof Exploration Results.If the geometry of the mineralisation with respect to the drillhole angle is known, its nature should be reported. The orientation, true width, and geometry of mineralised zones have been primarily determined byinterpretation of historical drilling and continued investigation and verification of KIN drilling.Drill intercepts are reported as downhole widths not true widths.Accompanying dialogue to reported intersections normally describes the attitude of mineralisation.
If it is not known and only the down hole lengths are reported,there should be a clear statement to this effect (eg 'down holelength, true width not known').
Diagrams Appropriate maps and sections (with scales) and tabulations ofintercepts should be included for any significant discoverybeing reported These should include, but not be limited to aplan view of drill hole collar locations and appropriate sectional Appropriate maps and sections are included in the main body of this report.

Criteria JORC Code explanation Commentary
views.
Balanced reporting Where comprehensive reporting of all Exploration Results is notpracticable, representative reporting of both low and highgrades and/or widths should be practiced to avoid misleadingreporting of Exploration Results. Public reporting of exploration results by KIN and past tenement holders and explorers for the resourceareas are considered balanced.Representative widths typically included a combination of both low and high grade assay results.All meaningful and material information relating to this mineral resource estimate is or has been previouslyreported.
Other substantive explorationdata Other exploration data, if meaningful and material, should bereported including (but not limited to): geological observations;geophysical survey results; geochemical survey results; bulksamples – size and method of treatment; metallurgical testresults; bulk density, groundwater, geotechnical and rockcharacteristics; potential deleterious or contaminatingsubstances. Since 2018, a campaign of determining Bulk Densities has been undertaken. The water displacementmethod is used on drill samples selected by the logging geologist. These measurements are entered intothe logging software interface and loaded to the Datashed database.
Further work The nature and scale of planned further work (eg tests forlateral extensions or depth extensions or large-scale step-outdrilling).Diagrams clearly highlighting the areas of possible extensions,including the main geological interpretations and future drillingareas, provided this information is not commercially sensitive. KIN intend to continue exploration and drilling activities at in the described area, with the intention toincrease the project's resources.

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