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PATRONUS RESOURCES LIMITED Capital/Financing Update 2021

Feb 14, 2021

65620_rns_2021-02-14_ae8c7f46-6c16-4a6e-96c3-f6c21ff3b972.pdf

Capital/Financing Update

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ASX: KIN
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ASX Announcement 15 February 2021

MAJOR NEW DRILLING PROGRAM COMMENCES AT CARDINIA TARGETING FURTHER RESOURCE GROWTH AND NEW DISCOVERIES

Phase 4 drilling program underway targeting new discoveries in the Eastern Corridor and Eagle, as well as expansion of the Mineral Resources at Cardinia Hill and Bruno-Lewis

Highlights

  • 32,500m Phase 4 drilling program underway at the Cardinia Gold Project (CGP) in WA.

  • Initial RC and diamond drilling to focus on the delivery of an expanded Mineral Resource Estimate at Cardinia Hill and deeper drilling at Bruno-Lewis, which recently returned consistent high-grade, shallow gold mineralisation.

  • RC rig will then move to undertake targeted drilling over seven new gravity and structural targets in the Eastern Corridor.

  • Further update to the current 1.15Moz CGP Mineral Resource estimate expected to be delivered in the March 2021 Quarter.

  • Air-core drilling underway to provide a first-pass assessment of key targets, initially commencing at Eagle, where limited historical exploration confirmed the presence of high-grade mineralisation on the eastern edge of a large soil anomaly.

  • Share Purchase Plan announced on 10 February 2021 is now open, with shareholders advised to act promptly in submitting their application forms.

Kin Mining NL (ASX: KIN or “the Company”) is pleased to advise that it has commenced a major new phase of drilling at its flagship 100%-owned Cardinia Gold Project (CGP) in Leonora aimed at further expanding the current Mineral Resource inventory and making new discoveries.

The Phase 4 program will comprise 32,500 metres of Reverse Circulation (RC), diamond drilling (DD) and aircore (AC) drilling, designed to deliver new discoveries at Eagle and several targets within the Eastern Corridor, as well as expansions and upgrades of existing Mineral Resources at the high-priority Cardinia Hill and BrunoLewis deposits.

In addition, an extensive ground gravity survey is planned to cover the majority of the Cardinia area to provide detailed data on the presence and location of a suite of intrusions that have been demonstrated to be a primary control on the location of gold mineralisation, as highlighted by the very successful gravity survey completed over the Eastern Corridor deposits late last year.

ASX Code: KIN Kin Mining NL Shares on issue: 792.7 million (post issue of Placement Shares) 342 Scarborough Beach Road Market capitalisation: $111 million (at 14cps) Osborne Park WA 6017 Cash: $14.3 million (31 December 2020 plus Placement funds) P : +61 9 9242 2227 E [email protected] kinmining.com.au

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A 1,200m program of RC drilling is underway at Bruno-Lewis (Figure 1), where previous drilling has returned consistent high-grade, near-surface gold mineralisation.

Previously-reported highlights from Bruno Lewis include 10m at 10.8g/t Au from 15m (BL20RC107), 14m at 6.09g/t Au from 39m (BL20RC127) and 16m at 4.15g/t Au from 40m (BL20RC120) (see ASX Announcement 25 January 2021).

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Figure 1. K Drill RC rig currently drilling at Bruno Lewis.

Following the completion of the initial RC drilling at Bruno-Lewis, the RC and DD rigs will move to the Eastern Corridor to complete two programs of work.

The first, consisting of 5,600m of RC drilling, will focus on the seven new targets identified by the geological team using the recent gravity data interpretation and integration with other geophysics, multi-element soil geochemistry and the extension of the near-surface drilling database over the Eastern Corridor (see Figure 2).

The second program consists of up to 8,700m of RC and Diamond drilling in several stages, and is designed to evaluate the strike and depth extensions around the Cardinia Hill deposit as well as to expand and upgrade the current Inferred Mineral Resource estimate of 1.2Mt at 1.66g/t Au for 61,000 contained ounces.

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Figure 2 . Eastern Corridor Targets 1 to 7 generated by the recent Gravity survey and integrated with multi-element soil geochemistry and historical and recent drilling data.

AC drilling has also commenced at the Eagle target (see Figure 3).

Eagle is located approximately 1.5km west of Bruno Lewis (MRE 311koz[1] ) and 1km west of Kyte (MRE 20koz[1] ).

The AC program at Eagle, comprising approximately 17,000m of drilling at 400m and 200m line spacing, is targeting the extensive soil geochemical anomaly spanning approximately 6km by 1km which was outlined in the September 2020 Quarter (see Figure 4). Previous RC drilling under historical workings on the eastern edge of the large soil anomaly has intersected narrow, east-dipping zones of high-grade mineralisation including 11m at 4.34g/t Au from 12m (CB010), 5m at 2.36g/t Au from 21m (CP090), 3m at 27.1g/t Au from 16m (CKC028) and 3m at 4.50g/t Au from 24m (CB005).

1 ASX Announcement of 22 December 2020 “Cardinia Gold Project Mineral Resource Increased to 1.15Moz. See Table 1A for details.

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Figure 3 . KTE Drilling AC rig currently drilling at Eagle.

The program will be underpinned by the $12.0M Placement and $3.0M SPP Offer announced on 10 February.

Kin Mining Managing Director, Andrew Munckton, said: “ We are very pleased to be back on the ground exploring the exciting targets that have been generated at Cardinia over the last six months through a combination of gravity surveys and soil geochemistry. We are in a strong position once again this year to adopt an aggressive but considered approach to exploration at Cardinia following the recently announced $15 million capital raising.

“The first two programs of drilling at both Eagle and the seven targets identified at the Eastern Corridor will provide us with a clear view of the potential of these two large areas to host significant high-grade mineralised positions that may require follow up later in the year.

“In addition, this first round of work is also targeting expansion and upgrading of the established Mineral Resources at both Bruno-Lewis and Cardinia Hill in several stages. Recent high-grade drilling results at shallow depths at both these deposits have given us confidence that deeper drilling below the Mineral Resource positions and further shallow drilling along strike at Cardinia Hill will allow us to continue to expand and upgrade the Mineral Resource estimate of the Cardinia Gold Project beyond the current 1.154M ounces[1] .

“We are also looking forward to completing an expansion of the gravity survey, which has proven to be so important in identifying the primary controls on mineralisation at the Eastern Corridor deposits. Gravity data has provided another important dataset with which to target large, high-grade deposits which we believe lie unidentified beneath shallow cover where soil geochemistry is less effective. In summary, we believe the past few months have shown us exciting promise for more gold discoveries within the highly-mineralised Cardinia Project area and we are looking forward to what the drill rig can deliver for us this year!”

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Figure 4. Eagle Target illustrating the extensive 6km by 1.0km soil geochemical anomaly and the historical drilling results along the eastern edge of the anomaly. The Kyte and Bruno Lewis deposit locations are shown as intense drill-hole locations in the upper centre and upper right of the figure.

-ENDS-

Authorised for Release by the Board of Directors

For further information, please contact:

Investor enquiries

Media enquiries

Andrew Munckton Managing Director, Kin Mining NL +61 8 9242 2227

Nicholas Read Read Corporate +61 419 929 046

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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 1154koz gold Mineral Resource (see Table A1) defined in both oxide and deeper primary mineralisation with considerable potential to grow this resource with further drilling.

Table A1. Mineral Resource Estimate Table December 2020[1]

Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020 Cardinia Gold Project: Mineral Resources: December 2020
Project Area Resource Gold
Price (AUD)

Lower
Cut off
(g/t Au)
Measured Resources Indicated Resources Inferred Resources Total Resources Date
Announced
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)
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 5 $2,600 0.4 0.5 1.67 26 0.8 1.24 32 1.3 1.40 59 26-Nov-20
Eclipse $2,600 0.4 0.6 1.01 19 0.6 1.01 19 26-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 1.2 0.89 35 2.6 1.17 96 3.8 1.08 132 26-Nov-20
Lewis $2,600 0.4 0.4 0.98 13 4.8 0.85 131 1.5 1.00 48 6.3 0.89 179 26-Nov-20
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
Fiona $2,600 0.4 0.6 1.35 25 0.2 1.21 8 0.8 1.32 32 26-Nov-20
Rangoon $2,600 0.4 0.5 1.24 21 0.3 1.07 12 0.9 1.17 32 26-Nov-20
Hobby* $2,000 0.5 0.1 2.10 8 0.1 2.10 8 14-Feb-20
Cardinia Hill** $2,600 0.4 1.2 1.66 61 1.2 1.66 61 18-Dec-20
Subtotal Cardinia 0.4 0.98 13 8.2 1.06 279 6.3 1.26 255 14.5 1.15 534
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
Krang $2,600 0.4 0.3 1.74 17 0.0 2.59 2 0.3 1.80 19 26-Nov-20
Subtotal Raeside 2.0 2.04 128 0.7 2.17 47 2.6 2.07 175
TOTAL 0.4 0.98 13 14.8 1.36 647 13.4 1.17 507 28.2 1.27 1154

Table A1: Mineral Resource Estimate Table December 2020. Mineral Resources estimated by Jamie Logan, and reported in accordance with JORC 2012 using a 0.4g/t Au cut-off within AUD2,600 optimisation shells. Note * Hobby was not re-optimised as part of this MRE and is still reported at the lower gold price and higher cut-off grade. Note ** Cardinia Hill Mineral Resource Estimate completed by Cube Consulting.

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 22 December 2020 “Cardinia Gold Project Mineral Resource Increased to 1.15Moz”, 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.

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Appendix A

JORC 2012 TABLE 1 REPORT

Cardinia Gold Project - Section 1

Section 1 Sampling Techniques and Data

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

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Criteria  JORC Code explanation Commentary
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Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Sampling techniques Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the
broad meaning of sampling.
Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.
Aspects of the determination of
mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg ‘reverse circulation drilling
was used to obtain 1 m samples from
which 3 kg was pulverised to produce a
30g charge for fire assay’). In other
cases more explanation may be
required, such as where there is coarse
gold that has inherent sampling
Diamond
Historic (pre-2014) diamond core (DD) sampling utilised half core or quarter core sample intervals; typically varying from 0.3m
to 1.4m in length. 1m sample intervals were favoured and sample boundaries principally coincided with geological contacts.
Recent (2014-2018) diamond core (DD) samples, either HQ3 or NQ2 in size diameter, were either cut in half longitudinally or
further cut into quarters, using a powered diamond core drop saw centered over a cradle holding core in place. Core sample
intervals varied from 0.2 to 1.25m in length but were predominantly aligned to 1m intervals or with sample boundaries which
respected 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 to
1.3m in length but were predominantly aligned to 1m intervals or with sample boundaries which respected geological contacts.
RC
Historic reverse circulation (RC) drill samples were collected over 1m downhole intervals beneath a cyclone and typically riffle
split to obtain a sub-sample (typically 3-4kg). 1m sub-samples were typically collected in pre-numbered calico bags and 1m
sample rejects were commonly stored at the drill site. 3m or 4m composited interval samples were often collected by using a
scoop (dry samples) or spear (wet samples). If composite samples returned anomalous results once assayed, the single metre
sub-samples of the anomalous composite intervals were retrieved and submitted for individual gold analysis.
Recent reverse circulation (RC) drill samples were collected by passing through a cyclone, a sample collection box, and riffle or
cone splitter. All RC sub-samples were collected over one metre downhole intervals and averaged 3-4kg.
2019-20 RC drilling samples were collected in 1m downhole intervals by passing through a cyclone, a collection box and then
dropping through a cone splitter. All RC sub-samples were collected over one metre downhole intervals and averaged 3-4kg.
AC/RAB
Historic air core (AC) and rotary air blast (RAB) were typically collected at 1 metre intervals and placed on the ground with 3-4kg
sub-samples collected using a scoop or spear. Three metre or four metre composited interval samples were often collected by
using a scoop (dry samples) or spear (wet samples). If composite samples returned anomalous results once assayed, the single

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Criteria JORC Code explanation Commentary
problems. Unusual commodities or
mineralisation types (eg submarine
nodules) may warrant disclosure of
detailed information.
metre sub-samples of the anomalous composite intervals were retrieved and submitted for individual gold analysis.
Assay Methodology
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, or
50gram catchweight for gold analysis. Fire Assay fusion, with AAS finish was the common method of analysis however, on
occasion, initial assaying may have been carried out via Aqua Regia digest and AAS/ICP finish. Anomalous samples were
subsequently 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) and
sample 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 was
conducted 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 in
situ float material or waste rock around historic workings, where outcrop is not present. Care is taken to ensure all samples are
representative of the medium being sampled. For example, if a 1m sediment unit is being sampled, a channel sample will be
taken across the entire unit.
All recent drilling, sample collection and sample handling procedures were conducted and/or supervised by KIN geology
personnel to high level industry standards. QA/QC procedures were implemented during each drilling program to industry
standards.
Drilling techniques Drill type (eg core, reverse circulation,
open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details
(eg core diameter, triple or standard
tube, depth of diamond tails, face-
sampling bit or other type, whether core
is oriented and if so, by what method,
etc).
Drilling carried out since 1986 and up to the most recent drill programs completed by KIN Mining was obtained from a
combination of reverse circulation (RC), diamond core (DD), air core (AC), and rotary air blast (RAB) drilling.
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 and
placed in core trays. Core sizes include NQ/NQ3 (Ø 45-48mm) and HQ/HQ3 (Ø 61-64mm). At the end of each core run, the
driller placed core blocks in the tray, marked with hole number and depth. Core recovery was usually measured for each core
run 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 Hydco
1200H 8x4 drill rig, using industry standard ‘Q’ wireline techniques. 2019-20 DD was carried out by Topdrill Pty Ltd. With a
Sandvick DE840 mounted on a Mercedes Benz 4144 Actros 8x8 Carrier. The rig is fitted with Sandvik DA555 hands free diamond
drilling rod 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 marker
blocks 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
(e.g. Reflex EZ-ACT) and the ‘bottom of core’ marked accordingly.

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Criteria  JORC Code explanation Commentary
2017 -18 drilling was measured at regular downhole intervals, typically at 10-15m from surface and then every 30m to bottom
of hole, using electronic multi-shot downhole survey tools (i.e. Reflex EZ-TRAC or Camteq Proshot). Independent programs of
downhole deviation surveying were also carried out to validate previous surveys. These programs utilised either electronic
continuous logging survey tool (AusLog A698 deviation tool) or gyroscopic survey equipment.
2019-20 DD was surveyed at regular downhole intervals (every 30m with an additional end-of-hole survey) using electronic
gyroscopic survey equipment.
RC
Historic RC drilling used conventional reverse circulation drilling techniques, utilising a cross-over sub, or face-sampling
hammers 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 air
compressor, with auxiliary and booster air compressors (when required). Drilling utilised mostly downhole face-sampling
hammer bits (Ø 140mm), with occasional use of blade bits for highly oxidized and soft formations. The majority of drilling
retrieved dry samples, with the occasional use of the auxiliary and booster air compressors beneath the water table, to
maintain dry sample return as much as possible. RC drillhole deviations were surveyed downhole, typically carried out inside a
non-magnetic stainless steel (s/s) rod located above the hammer, using electronic multi-shot downhole tool (e.g. Reflex EZ-
TRAC). In some instances, drillholes were surveyed later in open hole. Independent programs of downhole deviation surveying
were also carried out to validate previous surveys. These programs utilised either electronic continuous logging survey tool
(AusLog A698 deviation tool) or gyroscopic survey equipment.
2019-20 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-
sampling hammer bits (Ø 140mm). The majority of drilling retrieved dry samples, with the occasional use of the auxiliary and
booster air compressors beneath the water table, to maintain dry sample return as much as possible.
2019-20 RC was surveyed at regular downhole intervals (every 30m with an additional end-of-hole survey) using electronic
gyroscopic survey equipment.
AC/RAB
Historic AC drilling was conducted utilising suitable rigs with appropriate compressors (eg 250psi/600cfm). AC holes were drilled
using ‘blade’ or ‘wing’ bits, until the bit was unable to penetrate (‘blade refusal’), often near the fresh rock interface. Hammer
bits were used only when it was deemed necessary to penetrate further into the fresh rock profile or through notable “hard
boundaries” 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 percussion
hammer or blade bit, with the sample return collected at the drillhole collar using a stuffing box and cyclone collection
techniques. Drillhole sizes generally range between 75-110mm. No downhole surveying is noted to have been undertaken on
RAB 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
assessed. reports indicates that core recovery was generally good (>80%) with lesser recoveries recorded in zones of broken ground
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Criteria JORC Code explanation Commentary
Measures taken to maximise sample
recovery and ensure representative
nature of the samples.
Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
and/or areas of mineralisation. Overall recoveries are considered acceptable for resource estimation.
Recent core recovery data was recorded for each run by measuring total length of core retrieved against the downhole interval
actually drilled and stored in the database. KIN representatives continuously monitor core recovery and core presentation
quality as drilling is conducted and issues or discrepancies are rectified promptly to maintain industry best standards. Core
recoveries averaged >95%, even when difficult ground conditions were being encountered. When poor ground conditions were
anticipated, a triple tube drilling configuration was utilised to maximize core recovery
RC/AC/RAB
Historic sample recovery information for RC, AC, and RAB drilling is limited.
Recent RC drilling samples are preserved as best as possible during the drilling process. At the end of each 1 metre downhole
interval, the driller stops advancing, retracts from the bottom of hole, and waits for the sample to clear from the bottom of the
hole through to the sample collector box fitted beneath the cyclone. The sample is then released from the sample collector box
and 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 drilling
undertaken 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 the
samples have been collected, the cyclone, sample collector box and riffle splitter are flushed with compressed air, and the
splitter cleaned by the off-sider using a compressed air hose at both the end of each 6 metre drill rod and then extensively
cleaned at the completion of each hole. This process is maintained throughout the entire drilling program to maximise drill
sample recovery and to maintain a high level of representivity of the material being drilled. From 2020 sample rejects are placed
on the ground.
RC drill sample recoveries are not recorded in the database however a review by Carras Mining Pty Ltd (CM) in 2017, of RC drill
samples stored in the field, and ongoing observations of RC drill rigs in operation by KIN representatives, suggests that RC
sample 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 a
mineral resource estimate, exists between collected RC primary and sub-samples.
Logging Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.
The total length andpercentage of the
Logging data coded in the database, prior to 2014, illustrates at least four different lithological code systems, a legacy of numerous
past operators (Hunter, MPI, Metana, CIM, MEGM, Pacmin, SOG, and Navigator). Correlation between codes is difficult to
establish however, based on historical reports, drill hole logging procedures appear consistent with normal industry practices of
the time.
KIN has attempted to validate historical logging data and to standardize the logging code system by incorporating the SOG and
Navigator logging codes into one.
Diamond
Historical diamond core logging was recorded into drill logs for most of the diamond drilling programs since 1985. A review of
historical 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.

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Criteria  JORC Code explanation Commentary
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relevant intersections logged. Navigator’s procedure for logging of diamond core included firstly marking of the bottom of the core (for successful core 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 to geological 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 the rig 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 sampling intervals 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 kenometer tool). 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 at Cardinia. Photographs are available for every diamond drillhole completed by KIN and a selection of various RC chip trays. SG data is also collect All information collected is entered directly into laptop computers or tablets, validated in the field, and then transferred to the database. 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 geotechnical consultants. 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 of hole’. KIN RC logging of was carried out in the field and logging has predominantly been undertaken on a metre by metre basis. KIN logging 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 other features. 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.

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All information collected is entered directly into laptop computers or tablets, validated in the field, and then transferred to the
database.
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, and
structural fabric. This is a combination of qualitative and quantitative data.
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All information collected is entered directly into laptop computers or tablets, validated in the field, and then transferred to the
database.
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, and
structural fabric. This is a combination of qualitative and quantitative data.
Sub-sampling techniques and
sample preparation
If core, whether cut or sawn and
whether quarter, half or all core taken.
If non-core, whether riffled, tube
sampled, rotary split, etc and whether
sampled wet or dry.
For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.
Quality control procedures adopted for
all sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for instance
results for field duplicate/second-half
sampling.
Whether sample sizes are appropriate to
the grain size of the material being
sampled.
Diamond
Historic diamond drill core (NQ/NQ3 or HQ/HQ3) samples collected for analysis were longitudinally cut in half, and occasionally
in quarters for the larger (HQ/HQ3) diameter holes, using a powered diamond core drop saw centered over a cradle holding the
core in place. Half core or quarter core sample intervals typically varied from 0.3m to 1.4m in length. 1m sample intervals were
favoured and are the most common method of sampling, however sample boundaries do principally coincide with geological
contacts. The remaining core was retained in core trays.
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 varied
from 0.2 to 1.25m in length but were predominantly aligned to 1m intervals or with sample boundaries which respected
geological 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.
2019-20 diamond drill core samples collected for analysis were longitudinally cut in half, with some samples cut into thirds,
using an automated Corewise powered diamond core saw with the blade centered over a boat holding the core in place. Core
sample intervals varied from 0.2 to 1.25m in length but were predominantly aligned to 1m intervals or with sample boundaries
which respected geological 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 Cardinia coreyard.
All sub-sampling techniques and sample preparation procedures conducted and/or supervised by KIN geology personnel are to
standard industry practice. Sub-sampling and sample preparation techniques used are considered to maximise representivity of
drilled 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 evaluation
of gold deposits in the Eastern Goldfields of Western Australia.
RC/AC/RAB
Historic sampling was predominantly conducted by collecting 1m samples from beneath a cyclone and either retaining these
primary samples or passing through a riffle splitter to obtain a 3-4kg sub-sample for analysis. First pass sampling often involved
collecting composite samples by using a scoop (dry samples) or spear/tube (wet samples) to obtain 3m or 4m composited
intervals, with the single metre split samples being retained at the drill site as spoil or in sample bags. If composite sample
assays 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 drillingtechniques with cross-over subs often suffered from down hole contamination,

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especially beneath the water table. Samples obtained from RC drilling techniques using the face sampling hammer suffered less
from down hole contamination and were more likely to be kept dry beneath the water table, particularly if auxiliary and booster
air 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 and
then riffle split to obtain a sub-sample (typically 3-4kg). After splitting, 1m sub-samples were typically collected in pre-
numbered calico bags, and the 1m sample rejects were commonly stored at the drill site in marked plastic bags, for future
reference. First pass sampling often involved collecting composite samples by using a scoop (dry samples) or spear/tube (wet
samples) to obtain 3m or 4m composited intervals, with the single metre split sub-samples being retained at the drill site. If the
composite sample assays returned anomalous results, single metre sub-samples for the anomalous composite intervals were
retrieved and submitted for analysis.
Navigator included standards, fields duplicate splits (since 2009), and blanks within each drill sample batch, at a ratio of 1 for
every 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 passing
through a cyclone and either a riffle splitter, prior to March 2018, or cone splitter, after March 2018. The majority of RC sub-
samples consistently averaged 3-4kg. Sample reject from the riffle splitter were retained and stored in plastic bags, and located
near each drillhole site. When drilling beneath the water table, the majority of sample returns were kept dry by the use of the
auxiliary and booster air compressors. Very few wet samples were collected through the splitter, and the small number of wet
or 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 is
reasonable 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 to
standard industry practice. Sub-sampling and sample preparation techniques used are considered to maximise representivity of
drilled 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 evaluation
of 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 the
material being sampled.
Quality of assay data and
laboratory tests
The nature, quality and appropriateness
of the assaying and laboratory
procedures used and whether the
technique is considered partial or total.
For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations
Numerous assay laboratories and various sample preparation and assay techniques have been used since 1981. Historical
reporting and descriptions of laboratory sample preparation, assaying procedures, and quality control protocols for the samples
from the various drilling programs are variable in their descriptions and completeness.
Assay data obtained prior to 2001 is incomplete and the nature of results could not be accurately quantified due to the
combinations of various laboratories and analytical methodologies utilised.
Since 1993, the majority of samples submitted to the various laboratories were typically prepared for analysis firstly by oven
drying, crushing and pulverizing to a nominal 85% passing 75µm.
In the initial exploration stages, Aqua Regia digest with AAS/ICP finish, was generally used as a first pass detection method, with
follow upanalysis byFire Assayfusion and AAS/ICP finish. This was a commonpractice at the time. Mineralised intervals were

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subsequently Fire Assayed (using 30, 40 or 50 gram catchweights) with AAS/ICP finish.

factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

Approximately 15-20% of the sampled AC holes may have been subject to Aqua Regia digest methods only, however AC samples were predominantly within the oxide profile, where aqua regia results would not be significantly different to results from fire assay methods.

Limited information is available regarding check assays for drilling programs prior to 2004.

During 2004-2014, Navigator utilised six different commercial laboratories during their drilling programs, however Kalgoorlie Assay Laboratories conducted the majority of assaying for diamond, RC, and AC samples using Fire Assay fusion on 40 gram catchweights with AAS/ICP finish.

Since 2009 Navigator regularly included field duplicates and Certified Reference Material (CRM), standards and blanks, with their sample batch submissions to laboratories at average ratio of 1 in 20 samples. Sample assay repeatability and blank and CRM standard 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. Sample preparation included oven drying (105°C), crushing (<6mm), pulverising (P90% passing 75µm) and riffle split to obtain a 50 gram catchweight. 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 and one CRM standard to be included in each of the laboratory’s fire assay batch of 50 samples. Field duplicates are typically collected at a ratio of 1:50 samples and test sample assay repeatability. Blanks and 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 sample preparation and evaluate laboratory performance. Samples have generally illustrated appropriate crush and grind size percentages 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 well as regular assay repeats. Sample pulp assay repeatability, and internal blank and CRM standards assay results are typically within acceptable limits.

From late 2018 samples have been analysed by Intertek Genalysis, with sample preparation either at their Kalgoorlie prep laboratory 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 Assay fusion 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 is industry standard. Field duplicates are typically collected at a ratio of 1:25 samples and test sample assay repeatability. Blanks and 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 sample preparation and evaluate laboratory performance. Samples have generally illustrated appropriate crush and grind size percentages 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,

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Criteria JORC Code explanation Commentary
as well as regular assay repeats. Sample pulp assay repeatability, and internal blank and CRM standards assay results are
typically within acceptable limits.
The nature and quality of the assaying and laboratory procedures used are considered to be satisfactory and appropriate for use
in mineral resource estimations.
Fire Assay fusion is considered to be a total extraction technique. The majority of assay data used for the mineral resource
estimations were obtained by the Fire Assay technique with AAS or ICP finish. AAS and ICP methods of detection are both
considered 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 minerals
may 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 that
the standard was compromised and was subsequently removed and destroyed. A replacement CRM of similar grade was
substituted into the QAQC program.
KIN continues to both develop and reinforce best practice QAQC methods for all drilling operations and the treatment and
analysis of samples. Regular laboratory site visits and audits have been introduced since April 2018 and will be conducted on an
annual basis. This measure will ensure that all aspects of KIN QAQC practices are adhered to and align with industry best practice.
All rock chip samples have been submitted to Intertek Genalysis (Perth) for analysis by 50g Fire assay, with multi-element analysis
via 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 samples
with particularly high gold values. Due to the nature and intended uses of this data, this QAQC procedure is intentionally less
rigorous than that used for drilling samples.
Verification of sampling and
assaying
The verification of significant
intersections by either independent or
alternative company personnel.
The use of twinned holes.
Documentation of primary data, data
entry procedures, data verification, data
storage (physical and electronic)
protocols.
Discuss any adjustment to assay data.
Verification of sampling, assay techniques, and results prior to 2004 is limited due to the legacy of the involvement of various
companies, personnel, drilling equipment, sampling protocols and analytical techniques at different laboratories.
During 2009, a selection of significant intersections had been verified by Navigator’s company geologists and an independent
consultant McDonald Speijers (“MS”). MS were able to validate 92% of the assay records in 50 randomly selected check holes, and
only 6 assay discrepancies were detected (< 0.2%), only 2 of those were considered significant. MS concluded that the very small
proportion of discrepancies indicated that the assay database was probably reliable at that time.
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 field
verification of drillhole positions in February 2009. Runge did not report any significant issues with the database.
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 2014-2017
drilling programs were verified by comparing laboratory assay reports against the database. 6 errors were found, which are not
considered material and which represented only 0.03% of all database records verified for KIN 2014-2017 drilling programs
No adjustments,averagingor calibrations are made to anyof the assaydata recorded in the database.QA/QCprotocol is

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considered 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 Rangoon
resource 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 historic
information. No material difference of a negative nature exists between historical drilling information and KIN drilling
information.
KIN diamond holes drilled for metallurgical and geotechnical test work illustrate assay results with adequate correlation to both
nearby 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 to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.
Specification of the grid system used.
Quality and adequacy of topographic
control.
Several local grids were established and used by previous project owners. During the 1990s, SOG transformed the surface survey
data firstly to AMG and subsequently to MGA (GDA94 zone51).
Navigator recognised errors in the collar co-ordinates resulting from transformations and as a result, a significant number of holes
were resurveyed and a new MGA grid transformation generated. Historical collars have been validated against the original local
grid co-ordinates and independently transformed to MGA co-ordinates and checked against the database. Navigator’s MGA co-
ordinates were checked against the surveyor’s reports.
Drilling was carried out using these various local grids. Since 2004, All Navigators drill hole collars were surveyed on completion of
drilling in the Australian MGA94, Zone51 grid using RTK-DGPS equipment by licensed surveyors, with more than 80% of the
pickups carried out by independent contractors.
Almost all the diamond and at least 70% of Navigator RC holes were downhole surveyed. Pre-Navigator, single shot survey
cameras 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 and
vertical 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 is
recorded on every survey and flagged when likely to interfere with the reading. These surveys are downgraded in the database.In
addition, if the downhole survey tool is located within 15 metres of the surface, there is risk of influence from the drill rig affecting
the 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 the
database, 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 magnetic
interference. 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
appraised in regards to their locationprior to modelling;theposition of these collars is deemed appropriate for the resource

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Criteria  JORC Code explanation Commentary
estimation work.
Considering the history of grid transformations and surviving documentation, there might be some residual risk of error in the
MGA 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 to
magnetic 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 annual
variation in magnetic declination since 1985 is not significant, therefore magnetic north measurements have been used, where
true 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 coordinate
system.
Data spacing and distribution Data spacing for reporting of Drill hole spacing patterns vary considerably throughout the Cardinia Gold Project area and are deposit specific, depending on the
Exploration Results. nature and style of mineralisation being tested.
Whether the data spacing and Drill hole spacing within the resource areas is sufficient to establish an acceptable degree of geological and grade continuity and is
distribution is sufficient to establish the appropriate for both the mineral resource estimation and the resource classifications applied.
degree of geological and grade
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
Whether sample compositing has been
applied.
Orientation of data in relation to Whether the orientation of sampling The Cardinia greenstone sequence displays a NNW to NW trend. Drilling and sampling programs were carried out to obtain
geological structure achieves unbiased sampling of possible unbiased locations of drill sample data, generally orthogonal to the strike of mineralisation.
structures and the extent to which this is At Helens mineralisation is structurally controlled in sub-vertical shear zones, with supergene components of varying lateral
known, considering the deposit type. extensiveness present in the oxide profile.
If the relationship between the drilling The vast majority of historical drilling, pre-Navigator (pre-2004), and KIN drilling is orientated at -60°/245° (WSW) and -60°/065°
orientation and the orientation of key (ENE).
mineralised structures is considered to At Bruno-Lewis and Kyte, mineralisation is either stratigraphy parallel (trending NNW, steep to moderately W-dipping) or cross-
have introduced a sampling bias, this cutting and dipping shallowly to the NE (striking NW). The vast majority of the drilling is therefore predominantly orientated at -
should be assessed and reported if 60°/225-250° or -60°/090°. Grade Control drillholes were drilled vertically. Since late 2018, Kin’s drilling has been largely oriented
material. to 070° to target contact lodes and 225-250° to target the NE-dipping potassic lodes.
The chance of sample bias introduced by sample orientation is considered minimal. No orientation sampling bias has been
identified in data thus far.
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 collected
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by company personnel from the field and transported to the secure Navigator yard in Leonora. Samples were then batch
processed (drillhole and sample numbers logged into the database) and then packed into ‘bulkabag sacks’. The bulkabags were
tied off and stored securely in the Navigator yard until being transported to the selected laboratory. There was no perceived
opportunity 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 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 secure KIN yard location in Leonora. Bulkabags were tied off and stored securely in the yard
until being transported to the laboratory.
2019-20 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 the
laboratory.
2019-20 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 the
laboratory.
Both transport contractors and KIN personnel are utilised to transport samples to the laboratory. No perceived opportunity for
samples to be compromised from collection of samples at the drill site, to delivery to the laboratory, where they were stored in
their secure compound, 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 and
readied the samples for sample preparation. SGS and Genalysis sample security protocols are of industry standard and deemed
acceptable for resource estimation work.
Audits or reviews The results of any audits or reviews of
sampling techniques and data.
Historic drilling and sampling methods and QA/QC are regarded as not being as thoroughly documented compared to current
standards. In house reviews of various available historical company reports of drilling and sampling techniques indicates that
these 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 sampling
protocols, and so forth in 2009. The Runge report highlighted issues with bulk density and QA/QC analysis within the supplied
database. 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 and
database in 2017. Drilling and sampling methodologies observed during the site visits were to industry standard. No issues were
identified 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, based
on visual inspection of selected RC drill chips from KIN’s recent drilling programs, and a combination of historical and KIN drillhole
logging. Final adjustments were made with input from KIN geologists. The oxidation profiles were used to assign bulk densities
and metallurgical recoveries to the 2017 resource models.
Past bulk densitytest work has been inconsistent with incorrect methods employed,to derive specificgravityor in-situ bulk

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density, rather than dry bulk density. Navigator (2009) and recent KIN (2017) bulk density test work was carried out using the water immersion method on oven dried, coated samples to derive dry bulk densities for different rock types and oxidation profiles. This information has been incorporated into the database for resource estimation work. CM conducted site visits during 2017 to the laboratory to validate the methodology. Drilling, sampling methodologies, and assay techniques used in these drilling programs are considered to be appropriate and to mineral exploration industry standards of the day. Laboratory site visits and audits were introduced in April 2018 and are conducted on a annual basis. This measure ensures that all aspects of KIN QAQC practices are adhered to and align with industry best practice.

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Cardinia

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 land
tenure status
Type, reference name/number, location and ownership
including agreements or material issues with third parties such
as joint ventures, partnerships, overriding royalties, native title
interests, historical sites, wilderness or national park and
environmental settings.
The security of the tenure held at the time of reporting along
with any known impediments to obtaining a licence to operate
in the area.
The Cardinia Project, 35-40km NE of Leonora is managed, explored and maintained by KIN, and constitute
a portion of KIN’s Cardinia Gold Project (CGP), which is located within the Shire of Leonora in the Mt
Margaret Mineral Field of the North Eastern Goldfields.
The Helens and Rangoon area includes granted mining tenements M37/316 and M37/317, The tenements
are 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, a
wholly owned subsidiary of KIN. The following royalty payment may be applicable to the areas within the
Cardinia 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 respect
of M37/86 - 1% of the quarterly gross value of sales for gold ounces produced, in excess of 10,000
ounces.
There are no known native title interests, historical sites, wilderness areas, national park or environmental
impediments over the outlined current resource areas, and there are no current impediments to obtaining
a licence to operate in the area.
Exploration done by other
parties
Acknowledgment and appraisal of exploration by other parties. At Cardinia, from 1980-1985, Townson Holdings Pty Ltd (“Townson”) mined a small open pit over selected
historical workings at the Rangoon prospect. Localised instances of drilling relating to this mining event are
not recorded and are considered insubstantial and immaterial for resource modelling.. Companies
involved in the collection of the majority of the gold exploration data since 1985 and prior to 2014 include:
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 for
the Bruno, Lewis, Kyte, Helens and Rangoon deposits. Runge reported a JORC 2004 compliant Mineral
Resource estimate, at a cut-off grade of 0.7g/t Au, totaling 1.45Mt @ 1.3 g/t au (61,700 oz Au) for Helens
and 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 transported
firstly to Sons of Gwalia’s processing plant in Leonora, and finally to Navigator’s processing plant located at
Bronzewing,where approximately100,000 tonnes wereprocessed at an average headgrade of 2.33g/t au

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Criteria JORC Code explanation Commentary
(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, which
extends 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 the
Mertondale Shear Zone (MSZ) a splay limb of the Kilkenny Lineament. The MSZ denotes the contact
between Archaean felsic volcanoclastics and sediment sequences in the west and Archaean mafic volcanics
in the east. Proterozoic dolerite dykes and Archaean felsic porphyries have intruded the sheared
mafic/felsic volcanoclastic/sedimentary sequence.
Locally within the Cardinia Project area, the stratigraphy consists of intermediate, mafic and felsic volcanic
and intrusive lithologies and locally derived epiclastic sediments, which strike NNW, dipping steep-to-
moderately to the west. Structural foliation of the areas stratigraphy predominantly dips steeply to the
east 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 within
mineralised shears throughout the regolith profile.
Mineralisation at Bruno-Lewis is largely controlled by the stratigraphic contact between basalt and felsic
volcanics. Gold is associated with significant sulphide mineralisation in the sediments and volcaniclastics
between the 2 volcanic units. Gold Is also hosted within shallowly NE-dipping lodes, associated with
increased potassic-sericite alteration and quartz stockwork veining. These lodes also host the
mineralisation at Kyte. Substantial supergene mineralisation sits above both styles of mineralisation.
Drill hole Information A summary of all information material to the understanding of
the exploration results including a tabulation of the following
information for all Material drill holes:
easting and northing of the drill hole collar
elevation or RL (Reduced Level – elevation above sea level
in 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 that
the information is not Material and this exclusion does not
detract from the understanding of the report, the Competent
Person should clearly explain why this is the case.
Material drilling information for exploration results has previously been publicly reported in numerous
announcements to the ASX by Navigator (2004-2014) and KIN since 2014.

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Criteria  JORC Code explanation Commentary
Data aggregation methods In reporting Exploration Results, weighting averaging When exploration results have been reported for the resource areas, the intercepts are reported as
techniques, maximum and/or minimum grade truncations (eg weighted average grades over intercept lengths defined by geology or lower cut-off grades, without high
cutting of high grades) and cut-off grades are usually Material grade cuts applied. Where aggregate intercepts incorporated short lengths of high grade results, these
results were included in the reports.
and should be stated.
Where aggregate intercepts incorporate short lengths of high Since 2014, KIN have reported RC drilling intersections with low cut off grades of >= 0.5 g/t Au and a
maximum of 2m of internal dilution at a grade of <0.5g/t Au.
grade results and longer lengths of low grade results, the
procedure used for such aggregation should be stated and There is no reporting of metal equivalent values.
some typical examples of such aggregations should be shown
in detail.
The assumptions used for any reporting of metal equivalent
values should be clearly stated.
Relationship between These relationships are particularly important in the reporting The orientation, true width, and geometry of mineralised zones have been primarily determined by
mineralisation widths and of Exploration Results. interpretation of historical drilling and continued investigation and verification of KIN drilling.
intercept lengths If the geometry of the mineralisation with respect to the drill Drill intercepts are reported as downhole widths not true widths.
hole angle is known, its nature should be reported. 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 hole
length, true width not known’).
Diagrams Appropriate maps and sections (with scales) and tabulations of Appropriate maps and sections are included in the main body of this report.
intercepts should be included for any significant discovery
being reported These should include, but not be limited to a
plan view of drill hole collar locations and appropriate sectional
views.
Balanced reporting Where comprehensive reporting of all Exploration Results is not Public reporting of exploration results by KIN and past tenement holders and explorers for the resource
practicable, representative reporting of both low and high areas are considered balanced.
grades and/or widths should be practiced to avoid misleading Representative widths typically included a combination of both low and high grade assay results.
reporting of Exploration Results. All meaningful and material information relating to this mineral resource estimate is or has been previously
reported.
Other substantive exploration Other exploration data, if meaningful and material, should be Since 2018, a campaign of determining Bulk Densities has been undertaken. The water displacement
data reported including (but not limited to): geological observations; method is used on drill samples selected by the logging geologist. These measurements are entered into
geophysical survey results; geochemical survey results; bulk the logging software interface and loaded to the Datashed database.
samples – size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating
substances.
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Criteria  JORC Code explanation Commentary
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Further work The nature and scale of planned further work (eg tests for
lateral extensions or depth extensions or large-scale step-out
drilling).
Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling
areas, provided this information is not commercially sensitive.
KIN intend to continue exploration and drilling activities at in the described area, with the intention to
increase the project’s resources.

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