PEEL MINING LIMITED - Interim / Quarterly Report 2019

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JUNE 2019 QUARTERLY REPORT 31 JULY 2019

Peel Mining Limited ASX code: PEX ACN: 119 343 734

Unit 1, 34 Kings Park Rd West Perth, WA 6005

Ph: (08) 9382 3955 Fax: (08) 9388 1025 E: [email protected] Web: www.peelmining.com.au

Contact: Rob Tyson Managing Director [email protected]

About Peel Mining Limited:

242 million shares on issue for ~$75m Market Capitalisation at 29 July 2019.
The Company’s projects cover more than 6,000 km[2] of highly prospective tenure with a focus on the Cobar Basin in NSW.
The 100%-owned Wagga Tank-Southern Nights project represents a major zinc-rich polymetallic Cobar-type discovery and is the Company’s primary focus.
Mallee Bull is an advanced copperpolymetallic deposit that is currently undergoing plans for an exploration decline; the deposit remains open in many directions.
Cobar Superbasin Project Farm-in Agreement with JOGMEC offers funded, highly prospective and strategic greenfields exploration potential and includes the exciting Wirlong copper discovery.
31.4% shareholding in Saturn Metals Ltd (ASX: STN) offers exposure to excellent gold assets in WA goldfields and was worth ~$7m at time of reporting.

Highlights for June Quarter 2019

Subsequent to the quarter’s end, the Company released a Maiden JORC 2012 Indicated and Inferred Mineral Resource Estimate (MRE) for Southern Nights-Wagga Tank of 3.8Mt @ 5.5% Zn, 2.1% Pb, 75 g/t Ag, 0.27% Cu and 0.31 g/t Au for:
- 206,000t contained Zn,
- 78,000t contained Pb,
- 9.1Moz contained Ag,
- 10,000t contained Cu, and
- 38,000 oz contained Au
- or 9.2% Zinc Equivalent1 (ZnEq) for 348,000t contained ZnEq
High-grade estimate of 1.7Mt @ 9.3% Zn, 3.7% Pb, 119 g/t Ag, 0.18% Cu and 0.29 g/t Au or 14.7% ZnEq included in MRE
290,000t @ 21.5% Zn, 9.1% Pb, 215 g/t Ag, 0.27% Cu, 0.57 g/t Au (32.9% ZnEq) occurs as massive sulphide mineralisation at Southern Nights, commencing at 150m below surface
Discovery cost of US$33 per ZnEq tonne (US$0.015 per ZnEq pound)
MRE provides a solid foundation to immediately commence Scoping Studies to advance the potential development scenarios

Wagga Tank-Southern Nights system remains open along strike and down dip; exploration to expand resource now underway

Appointment of Jim Simpson as Executive Director Mining
Completion of $7m capital raising

Plans for September Quarter 2019

Continued exploration and infill drilling at Southern Nights-Wagga Tank
Ongoing Southern Nights metallurgical testwork
Scoping Studies into Southern Nights development options

Peel Mining Limited – Quarterly Report June 2019

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Exploration

Wagga Tank Project: Zinc, Lead, Silver, Copper, Gold; Western NSW (PEX 100%). Targets : Cobar-style polymetallic mineralisation; Volcanogenic Massive Sulphide mineralisation.

The Wagga Tank project is located on the western edge of the Cobar Superbasin, ~130 km south of Cobar or ~30km northwest of Mount Hope and is host to the namesake polymetallic VMS-type deposit. Mineralisation straddles a broad zone of intense tectonic brecciation and hydrothermal alteration (sericite-chlorite with local silicification) and occur as sub-vertical elongate shoots/lenses. Drilling by Peel to date has focused on defining the geometry and extent of large-scale Zn-rich mineralisation at Wagga Tank-Southern Nights.

Close spaced infill and extensional resource definition drilling continued this quarter. The programme was designed to better define the geometry and scale of the high-grade mineralisation in anticipation of completing a maiden Mineral Resource Estimate. A total of 5 RC pre-collars and 10 Diamond tails, for a total of ~2,380m, were completed this quarter as part of the completion of the resource definition programme.

- Southern Nights Wagga Tank Maiden Mineral Resource Estimate

Subsequent to the quarter’s end Peel reported the results of the maiden JORC 2012 Indicated & Inferred Mineral Resource Estimate (“MRE”) for its 100% owned Wagga Tank and Southern Nights deposits. See ASX announcement dated 12[th] July 2019 – “Robust Maiden resource Confirms Outstanding Mining & Growth Potential at Southern Nights-Wagga Tank”.

Table 1 – Southern Nights and Wagga Tank Mineral Resource (3.5% ZnEq[1] cutoff)

Mineral Resource Estimate for the Southern Nights Deposit	Mineral Resource Estimate for the Southern Nights Deposit	Mineral Resource Estimate for the Southern Nights Deposit	Mineral Resource Estimate for the Southern Nights Deposit	Mineral Resource Estimate for the Southern Nights Deposit	Mineral Resource Estimate for the Southern Nights Deposit	Mineral Resource Estimate for the Southern Nights Deposit
Resource Classification	Tonnes	Zn (%)	Pb (%)	Ag (g/t)	Cu (%)	Au (g/t)	ZnEq (%)
Indicated	1,126,000	8.8	3.5	107	0.28	0.44	14.3
Inferred	2,106,000	4.5	1.5	69	0.14	0.13	7.2
Total Resource	3,232,000	6.0	2.2	83	0.19	0.24	9.7
Mineral Resource Estimate for the Wagga Tank Deposit
Resource Classification	Tonnes (t)	Zn (%)	Pb (%)	Ag (g/t)	Cu (%)	Au (g/t)	ZnEq (%)
Inferred	532,000	2.4	1.2	31	0.74	0.77	6.6
Total Resource	532,000	2.4	1.2	31	0.74	0.77	6.6
Mineral Resource Estimate for the Southern Nights and Wagga Tank Deposit
Resource Classification	Tonnes	Zn (%)	Pb (%)	Ag (g/t)	Cu (%)	Au (g/t)	ZnEq (%)
Indicated	1,126,000	8.8	3.5	107	0.28	0.44	14.3
Inferred	2,638,000	4.0	1.4	62	0.26	0.26	7.1
Total Resource	3,764,000	5.5	2.1	75	0.27	0.31	9.2

Note: Tonnages and grades are rounded. Discrepancies in totals may exist due to rounding. 1 - Zinc equivalent (ZnEq) has been calculated using assumptions regarding metal sale prices detailed on pages 3 & 4 and in Table 3 of this announcement. It is Peel Mining’s opinion that all elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold.

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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The MRE provides Peel with a solid foundation to immediately commence Scoping Studies to advance the potential development scenarios at Wagga Tank-Southern Nights. Activities underway at the time of reporting include detailed metallurgical testwork, ongoing geotechnical studies, pre-development environmental baseline work, new geophysical surveys and drill planning targeting potential extensions to mineralisation. The Wagga Tank-Southern Nights mineral system remains open along strike and down dip.

The July 2019 Mineral Resource is reported at a 3.5% ZnEq cut-off. The Mineral Resource Estimate (MRE) for the Wagga Tank and Southern Nights deposits is reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code (2012)).

A Mineral Resource of 3.8Mt @ 5.5% Zn, 2.1% Pb, 75 g/t Ag, 0.27% Cu and 0.31 g/t Au for 206,000t contained Zn, 78,000t contained Pb, 9.1Moz contained Ag, 10,000t contained Cu and 38,000 oz contained Au, or 9.2% ZnEq for 348,000t contained ZnEq, was estimated using a 3.5% ZnEq cut-off. Approximately 30% of the resource tonnage and 46% of the contained metal tonnage is classified at an Indicated level with the respective balances being classified at an Inferred level.

The MRE includes a high-grade estimate of 1.7Mt @ 9.3% Zn, 3.7% Pb, 119 g/t Ag, 0.18% Cu and 0.29 g/t Au, or 14.7% ZnEq, using a 7% ZnEq cut-off.

290,000t @ 21.4% Zn, 9.1% Pb, 215 g/t Ag, 0.28% Cu, 0.57 g/t Au, or 32.9% ZnEq, occurs as massive sulphide mineralisation at Southern Nights, commencing at 150m below surface.

Figure 1 – Southern Nights-Wagga Tank Tonnage/Grade Curve – Indicated & Inferred – ZnEq (%)

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20,000,000 29.24 30
27.59
18,000,000 18,587,759 25.80
23.53 25
16,000,000
21.21
14,000,000
19.37
20
17.80
12,000,000
16.23
14.70
10,000,000 13.52 15
12.14
8,000,000 8,602,673 10.29
9.25
10
6,000,000 8.02
ZnEq
5.50
4,000,000 4,728,860 ZnEq Tonnes
5
3.32 3,764,579
3,167,080
2,000,000
2,408,021
0 0
1,994,2161,707,2891,409,1661,171,919984,713815,381657,947546,315477,152423,759
0 2 4 6 8 10 12 14 16
ZNEQ CUTOFF GRADE (%)
TONNES
ZNEQ (%)
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Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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The Southern Nights-Wagga Tank Maiden Inferred & Indicated Mineral Resource Estimate is the culmination of more than 70,000m of RC and diamond drilling completed by Peel since acquiring the Wagga Tank project in 2016. The bulk of that drilling has been focused on the high-grade Southern Nights deposit following its discovery in late 2017.

The estimate has been completed by independent mining consultants Mining Plus Pty Ltd. Peel Mining accept Competent Person responsibility for the sampling, analytical and data management processes, interpretation and mineralisation modelling and the Mineral Resource Estimation process and outputs.

The discovery cost for the Maiden Mineral Resource of ~US$33 per tonne (US$0.015 per pound) Zinc Equivalent compares very favourably against recent global industry averages of more than US$100 per tonne (US$0.05 per pound) zinc.

Zinc Equivalent

For the reporting of the Mineral Resource Estimate, a 3.5% Zinc Equivalent cut-off grade has been used for an assumed underground mining resource. The Zinc Equivalent grades have been calculated for both the zinc dominated and copper dominated material which contains potentially economic quantities of zinc, lead, copper, gold and silver. The formulas used have been based on the following price assumptions (in Australian dollars): Zinc - $3,450/t; Lead - $2,685/t; Silver - $20/oz; Copper - $8,350/t; Gold – $1,880/oz.

The Zinc Equivalent values have been calculated for each estimated block.

Table 2 – Zinc Equivalent Assumptions

Metal	Price A$	Unit	Metallurgical Recovery	ZnEq Factor
Zinc	3,450	t	90%	1
Lead	2,685	t	81%	0.7
Silver	20	oz	81%	168
Copper	8,350	t	81%	2.18
Gold	1,880	oz	81%	15,768

The Zinc Equivalent formula is:

ZnEq % = (Zn_ppm + (2.18Cu_ppm) + (0.70Pb_ppm) + (15,768Au_ppm) + (168Ag_ppm))/10000

Assumed Metallurgical Recovery Discussion

Metallurgical Testwork

Preliminary “early warning or fatal flaw” metallurgical testwork completed by Peel at ALS Burnie, showed good recoveries for the primary economic metals of interest (zinc and lead) given the cursory nature of the work. Zinc returned an 81% recovery to 47% Zn concentrate whilst lead yielded a 71% recovery to 50% Pb concentrate. New metallurgical testwork at ALS Burnie is underway and it is anticipated that improvements upon the initial testwork will be made. Encouraging findings regarding copper, silver and gold are also anticipated. This testwork remains ongoing, and is considered as early in nature, and will be reported in due course.

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Mineralogy

Two preliminary quantitative mineralogical assessments have recently been completed by MODA Microscopy via ALS Burnie as part of ongoing metallurgical testwork. The first assessment investigated the mineralogical associations for a particular metallurgical feed composite and confirmed that, for the sample tested, the primary sulphide minerals comprised (in order of abundance): sphalerite; galena; pyrite; chalcopyrite. This assessment concurs with Peel’s geological logging. The second assessment investigated the mineralogical association of gold within a copper concentrate product. The results of the mineralogical investigations are being used to assist, and are specific to, ongoing metallurgical testwork.

Existing Cobar Basin Mining Operations

Available data (public and private) for existing operational Cobar Basin base metal mines indicates metallurgical recoveries of primary economic metals (by value) range from approximately 80% to up to 99%. It is Peel Mining’s opinion that the Hera Au-Zn-Pb-Ag mine bares the most similarities in terms of mineralisation and deposit style, to that at Southern Nights-Wagga Tank. The most recent full year (FY2018) data of steady state production for Hera showed recoveries of approximately 90% for the primary economic metals sought: 89.4% Au, 88.2% Ag, 89.5% Pb, and 89.8% Zn.

Based on the limited yet encouraging metallurgical testwork completed to date, and the recoveries achieved at other Cobar Basin base metal mines, Peel Mining have assumed 90% recovery for zinc, and 81% factors for all other elements included in the metal equivalent calculation . It is Peel Mining’s opinion that all elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold.

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Figure 2 – Wagga Tank-Southern Nights Indicated & Inferred Resource long section showing >4% Zn domains.

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Wagga Tank Southern Nights
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Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Figure 3 – Southern Nights Indicated & Inferred Resource long section showing >4% Zn domains.

Southern Nights

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Figure 4 – Wagga Tank Inferred Resource long section showing >4% Zn domains.

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Wagga Tank
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Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Southern Nights Drilling

Final assay data for the Southern Nights resource definition drilling programme were returned during the quarter. Drilling successfully delineated the approximate dimensions of the high-grade mineralisation associated with the Southern Nights Central Zone and has also better outlined the broader mineralised structure across the 700m of strike at Southern Nights.

Drilling to date has identified stratigraphic continuity to the high grade mineralisation, with the shallower zone of mineralisation (<~250m below surface) being drilled at a nominal 20x20m drill spacing and the deeper zone of mineralisation (>~250m below surface) being drilled on a 40x40m drill spacing to define the overall size and geometry of the high grade mineralisation at depth. The drill density was designed to deliver some of the shallower mineralisation into the Indicated mineral resource category.

Detailed structural and geochemical studies were completed during the quarter, aiding in the development of the geological model in preparation for the maiden mineral resource estimate. This work will also assist in future drill targeting of additional high-grade centres in this large mineralised system. It is important to note the mineralisation remains open down-dip/plunge and along strike, with the deeper intersections highlighting continuity at depth.

Significant results in the Southern Nights Central Zone include:

Full final assays, returned this quarter, for WTRCDD179, WTRCDD189 and WTRCDD199 have added significantly to the downhole mineralised intervals previously announced. Significant mineralisation associated with WTRCDD179 has effectively doubled to 35m @ 6.5% Zn, 3.28% Pb, 0.37% Cu, 212 g/t Ag and 1.02 g/t Au from 181m (including 3m @ 16.67% Zn, 6.78% Pb, 1.04% Cu, 437 g/t Ag and 0.76 g/t Au from 185m) . A deeper intercept was also returned from this hole at 5m @ 2.79% Zn, 0.87% Pb, 0.16% Cu, 22 g/t Ag and 0.10 g/t Au from 226m. WTRCDD179 has confirmed continuity of the high-grade mineralization to the south in the Southern Nights Central Zone increasing the strike length of the highgrade zone.

Full final assays for WTRCDD189 extends the high-grade mineralised intercept to 12m @ 15.68% Zn, 7.45% Pb, 0.13% Cu, 170 g/t Ag and 0.31 g/t Au from 336m (including 5.4m @ 29.26% Zn, 13.97% Pb, 0.22% Cu, 326 g/t Ag and 0.45 g/t Au from 337.2m) . The results also identified a broad copper-gold zone of 37m @ 0.76% Cu, 0.46 g/t Au, 13 g/t Ag, 0.37% Zn and 0.05% Pb from 364m . Drillhole WTRCDD189 confirms the continuity between the shallower mineralisation in previously reported WTRCDD150 and the deeper mineralisation in WTRCDD166 approximately 170m down dip.

Full final assays for WTRCDD199 extends the high-grade mineralised intercept to 28m @ 19.03% Zn, 10.77% Pb, 0.24% Cu, 166 g/t Ag and 1.21 g/t Au from 224m (including 16.35m @ 28.09% Zn, 15.77% Pb, 0.26% Cu, 270g/t Ag and 1.80g/t Au from 224.75m) increasing confidence in the high-grade core of the Southern Nights Central Zone mineralisation. Hole WTRCDD199 is approximately 50m north west of WTRCDD150 and exhibits the same high-grade tenor. This hole experienced 3.8m of core loss from the total zone and 0.9m of core loss from the included high-grade zone. A value of 0 was assigned to all elements in intervals of core loss. Other intercepts from this hole include; 5m @ 1.74% Zn, 0.41% Pb, 0.12% Cu, 15 g/t Ag and 0.13 g/t Au from 291m and 2m @ 1.18% Zn, 0.41% Pb, 0.01% Cu, 4 g/t Ag and 0.03 g/t Au from 303m.

Drillholes WTRCDD166W1 and WTRCDD188W1 are located on the northern end of the Southern Nights Central Zone and represent amongst the deepest drillholes completed to date. Encouragingly both drillholes intersected thick zones of strong alteration and mineralisation including massive sulphides

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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(pyrite dominant), with mineralisation remaining open down-dip/plunge and to the north. The final assay results returned this quarter include:

88m @ 3.13% Zn, 1.09% Pb, and 26g/t Ag from 407m in WTRCDD166W1 (including 7m @ 6.29% Zn, 2.09% Pb and 74g/t Ag from 408m and 4.7m @ 9.22% Zn, 2.32% Pb and 80g/t Ag from 442.3m).
40m @ 3.00% Zn, 1.03% Pb and 49 g/t Ag from 477m in WTRCDD188W1 (including 10m @ 4.87% Zn, 1.58% Pb and 71 g/t Ag from 496m).

Drillholes WTRCDD190, WTRCDD192, WTRCDD193 and WTRCDD204 added further significant mineralisation below 300m below surface within the Southern Nights Central Zone. Assays include:

29.1m @ 4.23% Zn, 1.40% Pb, 0.21% Cu and 50 g/t Ag from 401m in WTRCDD190 (including 4.72m @ 13.79% Zn, 4.84% Pb, 0.24% Cu, 170 g/t Ag and 0.07 g/t Au from 402.28m ).
42.78m @ 5.38% Zn, 2.71% Pb, 0.63% Cu, 80 g/t Ag and 0.42 g/t Au from 349.22m in WTRCDD192 (including 30.38m @ 7.31% Zn, 3.69% Pb, 0.59% Cu, 107 g/t Ag and 0.51 g/t Au from 349.22m ).
6.3m @ 6.09% Zn, 1.60% Pb, 0.56% Cu, 49 g/t Ag and 0.17 g/t Au from 431.7m and 5.4m @ 5.07% Zn, 1.40% Pb, 0.61% Cu, 81 g/t Ag and 0.59 g/t Au from 444.8m in WTRCDD193.
18.9m @ 3.49% Zn, 2.25% Pb, 0.19% Cu, 145 g/t Ag and 0.17 g/t Au from 348.2m in WTRCDD204 (including 3.7m @ 12.21% Zn, 10.00% Pb, 0.89% Cu, 673 g/t Ag and 0.63 g/t Au from 348.2m ).

The Southern Nights Central Zone also returned further high-grade infill drilling intercepts at shallower levels including:

39m @ 3.59% Zn, 1.27% Pb, 0.05% Cu, 20 g/t Ag and 0.14 g/t Au from 248.64m in WTRCDD202 (including 21.7m @ 5.21% Zn, 1.94% Pb, 0.07% Cu, 26 g/t Ag and 0.11 g/t Au from 252.3m ).
33m @ 3.74% Zn, 1.41% Pb, 0.03% Cu, 45 g/t Ag and 0.08 g/t Au from 317m in WTRCDD203.
18m @ 4.75% Zn, 1.78% Pb, 0.04% Cu, 15 g/t Ag and 0.17 g/t Au from 177m in WTRCDD208.
89.5m @ 1.13% Zn, 0.46% Pb, 0.67% Cu and 0.44 g/t Au from 331m in WTRCDD209 (including 7.52m @ 7.72% Zn, 3.58% Pb, 0.38% Cu, 44 g/t Ag and 0.59 g/t Au from 340m and 3.62m @ 2.04% Cu, 0.48 g/t Au, 43 g/t Ag and 1.16% Zn from 353.8m and 9.1m @ 2.14% Cu, 0.78 g/t Au and 17 g/t Ag from 373.9m ).

The Southern Nights Southern Zone, located approximately 400m from the Southern Nights Central Zone, returned significant results, including high-grade gold-copper mineralisation, with better intercepts including:

8m @ 5.26% Zn, 1.26% Pb and 0.11 g/t Au from 314m in WTRCDD161 (including 1.58m @ 21.37% Zn, 5.44% Pb, 0.27% Cu, 28 g/t Ag and 0.30 g/t Au from 314m) and 6m @ 7.9 g/t Au, 1.60% Cu, 22 g/t Ag, 0.55% Zn and 0.33% Pb from 326m.
2.4m @ 7.52% Zn, 2.56% Pb, 0.03% Cu, 14 g/t Ag and 0.06 g/t Au from 257.6m and 2.5m @ 8.68% Zn and 0.11 g/t Au from 267.5m and 2m @ 9.28 g/t Au, 1.52% Cu, 4 g/t Ag, 0.02% Zn and 0.07% Pb from 296m in WTRCDD211 .

These drillholes highlight the presence of continuous mineralisation further to the south and underline the potential scale of this system. Limited drilling has been completed to the south of these drillholes and Peel’s exploration focus in the future will be to identify additional high-grade lenses similar to that being defined in the Central Zone in this highly prospective area.

The true widths of mineralisation encountered in drillholes which are predominantly drilled to 090 azimuth are estimated at about 70-80% of the downhole widths. These results continue to confirm the understanding of the high-grade mineralization which is thought to be steep westerly dipping; covering

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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up to 200m strike and has been defined from ~120m below surface to ~450m below surface. Importantly, this mineralisation remains open down-dip/plunge. It should also be noted that focus has been directed on the thickest and highest-grade zone of mineralisation which resides within the Wagga Tank Mudstone however additional mineralisation is also present within the volcanoclastics of the Vivigani Formation and the continuity and tenor of these zones is still being assessed.

Wagga Tank

During the preceding quarter 2 holes were drilled north of the Wagga Tank prospect (WTRCDD178 and WTRC176). These holes targeted historical arsenic and zinc anomalies in RAB drilling along strike from the main mineralisation at Wagga Tank. The holes WTRCDD178 and WTRC176 stepped out 80 and 200m respectively from the most northern hole at Wagga Tank. These holes successfully intercepted wide lowgrade zones with some narrow high-grade intervals.

WTRC176 initially failed to intersect the stratigraphic contact and so the drillhole was extended during the quarter with a Diamond tail. The strike of the Wagga Tank-Southern Nights system was extended to more than 2.2km; significant assay results returned from drillhole WTRCDD176 included:

4m @ 1.43% Zn, 0.39% Pb, 0.01% Cu, 5 g/t Ag and 0.01 g/t Au from 207m, and 20m @ 1.25% Zn, 0.59% Pb, 0.06% Cu, 5 g/t Ag and 0.02 g/t Au from 234m including 4.0m @ 2.48% Zn, 1.17% Pb, 0.13% Cu, 9g/t Ag and 0.02g/t Au from 239m.

Next steps

Following the recent reporting of a Maiden Mineral Resource Estimate at Southern Nights-Wagga Tank, the focus for the current quarter will be on infill, extensional and exploration drilling to upgrade the scale and quality of the resource, with a focus on increasing the amount of Indicated category material relative to the overall mineral resource. Scoping Study work will also be undertaken to examine the potential development scenarios available whilst metallurgical testwork will also continue.

Mallee Bull Project: Copper, Silver, Gold, Lead, Zinc; Western NSW (PEX 50% manager, CBH 50%). Targets: Cobar-style polymetallic mineralisation; Volcanogenic Massive Sulphide mineralisation.

The Mallee Bull project is a 50:50 Joint Venture with CBH Resources Limited (CBH). Drilling in the June 2017 quarter led to an update to the initial May 2014 maiden JORC compliant Mineral Resource with a 65% increase in total contained copper equivalent tonnes; the new estimate now comprises 6.76 million tonnes at 1.8% copper, 31 g/t silver, 0.4 g/t gold, 0.6% lead and 0.6% zinc (2.6% copper equivalent) containing approximately 119,000 tonnes of copper, 6.6 million ounces silver, 83,000 ounces gold, 38,000 tonnes of lead and 38,000 tonnes of zinc (175,000t copper equivalent) (using a 1% copper equivalent cutoff). Details of the update can be found in the announcement released 6 July 2017; "Mallee Bull Resource Grows 65% to 175,000 CuEq".

Mallee Bull

During the quarter, Peel and CBH agreed to seek regulatory approval to establish an exploration decline which will enable definition drilling and exploration from underground of the deeper portions of the deposit, as well as to obtain a bulk sample of the Silver Ray zinc-lead-silver lens for processing at CBH’s Endeavor Mine. Exploration declines are a common method of de-risking underground mining developments, particularly in NSW. Current examples include Aurelia Metals and Evolution Mining, with

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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both groups announcing plans to construct exploration declines at their respective Peak and Lake Cowal operations.

Following the finalisation of development studies into the project’s advancement, an exploration decline has been deemed by Peel and CBH as a low risk path to unlock the value of the multitude of high-grade base metals-rich drill intercepts recorded at Mallee Bull. Deeper drilling at the project has returned many exceptional intercepts highlighting the project’s strong economic potential, with better intercepts including:

72m @ 2.11% Cu, 41 g/t Ag, 1.13 g/t Au from 363m in MBDD002.
53m @ 4.08% Cu, 42 g/t Ag, 0.22 g/t Au from 470m in MBDD009W1.
69m @ 3.48% Cu, 34 g/t Ag, 0.14 g/t Au from 533m in MBDD009.

`o` 84m @ 4.42% Cu, 38 g/t Ag, 0.14 g/t Au from 575m in MBDD009W2W1.

Successful underground exploration will see the JV seek approval for conversion to a full mining operation, with the benefit of established infrastructure, sunk capital costs and a streamlined regulatory approvals process. Regulatory approval for the exploration decline is anticipated to take between 6-12 months and is being sought via a Review of Environmental Factors (REF) which is being submitted to the NSW Department of Planning and Environment – Resources Regulator. The high-grade bulk sample from the Silver Ray lens is anticipated to contribute significantly towards offsetting of capital costs. Final development approval is subject to JV agreement and project funding. In this regard, discussions between Peel and CBH are ongoing.

Development concept and bulk sample

The project has been designed to have minimum surface impact with less than 10 hectares of disturbance planned. The joint venture proposes to develop a box cut to ~30m below surface, to provide a suitable portal for the establishment of an exploration decline to ~300m below surface (~2,000m in length), along with a ventilation rise and escapeway and all other necessary infrastructure, including: waste, ore and topsoil stockpiles; water storage dam; water diversion drains and settling ponds/sumps; workshop facilities; explosive magazine; fuel storage; power generator; site office, ablution blocks and car park; heavy vehicle parking and laydown areas; haul and access roads; waste storage facilities; and an accommodation camp for ~30 personnel.

After the exploration decline has reached ~130m below surface, a bulk sample of up to 20,000t (5,600m3) of material is to be excavated from the Silver Ray Lode, which lies between approximately 60m and 130m below surface. The bulk sample is for the primary purpose of confirming the metallurgical characteristics (including mineral recovery rates) using conventional sulphide flotation processing methods. Metallurgical testwork to date has yielded total recoveries of up to 90.3% Zn,92.3% Pb and 82.3% Ag, producing separate zinc and lead concentrates. The Silver Ray Lode is characterised by high-grade zinclead-silver mineralisation, with intercepts including:

`o` 13.5m @ 21.1% Zn, 14.1% Pb, 268g/t Ag from 82m in MBDD028

`o` 12m @ 20.3% Zn, 14.8% Pb, 308g/t Ag, 1.59g/t Au from 83m in MBRC024

`o` 9m @ 20.8% Zn, 10.6% Pb, 338g/t Ag, 1.91g/t Au from 88m in MBRC085

The bulk sample is planned to be hauled to CBH’s Endeavour Mine Site for testing. No processing or tailings production will be undertaken at the Mallee Bull site.

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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May Day Deeps

The May Day Deeps prospect is located within Mining Lease 1361, part of the Mallee Bull JV, and is defined as a significant IP and magnetic geophysical anomaly located in an assumed down plunge position to the east of the historic May Day VMS deposit. During the quarter, a single drillhole was drilled (MDRCDD011) from a collar position north-east of the historic May Day deposit, targeting this anomaly. Several zones of minor mineralisation were observed with coinciding anomalous multi-element pXRF geochemistry, however final assay results remained pending at the time of reporting.

Cobar Superbasin Project: Copper, Silver, Gold, Lead, Zinc; Western NSW (PEX 100%).

Targets: Cobar-style polymetallic mineralisation; Volcanogenic Massive Sulphide mineralisation.

The Cobar Superbasin Project is subject to a Memorandum of Agreement with Japan Oil, Gas, and Metals National Corporation (JOGMEC). Details of the JOGMEC MoA can be found in Peel's ASX Announcement released on 30 September 2014. Exploration activities undertaken during the quarter mainly focused on the Wirlong and Bedooba prospects. The Wirlong prospect represents a very large hydrothermal system containing significant high-grade copper mineralisation. The Bedooba prospect is defined by a NE/SW trending magnetic anomaly with a coincident gravity high and geochemical anomaly.

Wirlong

Wirlong Phase 6 drilling programme continued during the quarter comprising two percussion pre-collar drillholes with diamond tails. WLRCDD059 and WLRCDD060 were drilled to target magnetic high and surface geochemical anomalies. Full assays for both drillholes have been returned this quarter with the most significant mineralised zones:

1.2m @ 1.09% Cu and 6 g/t Ag from 523; 0.65m @ 2.96% Cu, 0.17% Zn and 14 g/t Ag from 484.85m; and 2m @ 0.49% Cu and 0.3% Zn from 474m in WLRCDD059.
1.2m @ 0.93% Zn and 0.44% Pb from 463m; 11.1m @ 0.68% Cu from 604.9m (including 1m @ 3.15% Cu from 615m; and 1m @ 0.68% Cu from 620m and 1m @ 0.37% Cu from 623m in WLRCDD060.

Further drilling has recently been completed at Wirlong including the drilling of an EM conductor plate located between WLRCDD028 and WLRCDD055. Following a detailed structural study, interpretation of the high-grade mineralisation is believed to be at a different orientation (NW/SE vs N-S) than previously thought. This interpretation will be tested during the current period by changing the azimuth of new drillholes in the main high-grade zone.

Bedooba

In the last quarter, two percussion drillholes (BERC005 and BERC006) were drilled to target an off-hole conductor identified from the DHEM of the historic drillhole CBD013DD11. Assays returned during the quarter showed minor mineralisation was encountered within these holes. BERC005 (300m) intersected 2m @ 0.18% Zn, 0.1% Pb and 0.82% Cu from 127m and 3m @ 0.11% Cu from 134m. BERC006 (378m) intersected 1m @ 0.11 % Cu from 205 and 1m @ 0.32% Cu from 295m.

Additional DHEM were then conducted with a very strong, off-hole, late time anomaly identified to the south of BERC006. Re interpretation of the previous DHEM from CBD013DD11 was conducted which supported the new location of the strong conductor.

Two additional percussion drillholes (BERC007 and BERC008) were drilled to target the off-hole conductor identified from the DHEM of BERC006. These holes were dominantly comprised of interbedded sediments Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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exhibiting moderate alteration and minor disseminated to fracture filled sulphide mineralisation. Assay results returned indicate minor Cu mineralisation in both drillholes. BERC007 (300m) intersected 10m @ 0.25% Cu from 239m and 1m @ 0.5% Cu from 283m. BERC008 (192m) intersected 1m @ 0.4% Cu from 140m and 1m @ 0.4% Cu from 170m. A narrow zone of massive pyrrhotite-rich sulphide material was intersected in a position close to the presumed conductor position providing an explanation for the DHEM anomaly.

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Figure 5 – Wirlong Phase 6 Drill Plan.

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Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Figure 6 – Wirlong Cross Section 6446345N.

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Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Figure 7: Bedooba Drill Plan with significant assay results

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Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Figure 8: Bedooba Long Section (Looking North)

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Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Figure 9: Cobar Superbasin Project Tenements and Prospects

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Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected]

www.peelmining.com.au

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Other Projects

Marigold-Brambah

Portable XRF surface sampling was conducted over the 100% Peel owned Marigold (EL8656) and Brambah (EL8655) tenements extending the existing pXRF grid over ‘Ambergris’ and ‘Cachalot’ prospects. The Ambergris and Cachalot tenements lie on trend towards Nymagee/Hera between Mallee Bull and Aurelia Metals’ recently discovered Federation/Dominion prospects. Very strong Pb (+As) PXRF soil geochemical anomalies were identified with the As anomaly extending over 1.2km in length and open to the north. Subsequent to the quarter’s end, an airborne magnetic/radiometric survey covering the entire Marigold and Brambah tenement area was completed. A reconnaissance IP survey was also completed. Results for both surveys remain pending.

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Figure 10: Ambergris and Cachalot As PXRF soil anomaly

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Figure 11: Ambergris and Cachalot Pb PXRF soil anomaly

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Corporate

Capital Raising

During the quarter, Peel completed a $7 million capital raising to continue advancing the Company’s 100%-owned Wagga Tank-Southern Nights deposit and 50%-owned Mallee Bull deposit towards development. Funds raised under the Placement will enable the Company to:

Undertake mining scoping studies at the Wagga Tank-Southern Nights deposit and to continue pre-development activities at the Mallee Bull deposit;
Continue to explore for new mineralisation at Wagga Tank-Southern Nights;
Continue CSP programmes of work with JV Partner JOGMEC; and
Advance exploration at some of the Company’s exciting regional targets.

Executive Director Appointment

During the quarter, the Company advised the appointment of Mr James (Jim) Simpson as Executive Director Mining, effective 1 September 2019.

Mr Simpson is a highly respected and experienced Mining Engineer with significant public company board and management experience. Mr Simpson’s most recent role was as Chief Executive Officer and Managing Director at Aurelia Metals Limited. During Mr Simpson’s time at Aurelia, the company market capitalisation increased from sub $20m to over $800m at its peak, along the way repaying more than $125m of debt and significantly increasing the production profile of the Company with the acquisition of Peak Gold Mines in 2017/18.

Mr Simpson has more than 30 years mining industry experience, specialising in underground metalliferous mining. His previous roles include Chief Operating Officer & Executive Vice President for Peak Gold Ltd; General Manager & Director at Goldcorp Asia Pacific, Peak Gold Mines; and General Manager Mining Lead Zinc at MIM Holdings, Mt Isa. Mr Simpson’s experience ranges from mine development and management through to corporate and equity market participation. Mr Simpson holds a Bachelor of Engineering Mining (Hons) from University of NSW and a Diploma of Business (Frontline Management) and is a member of the Australasian Institute of Mining and Metallurgy.

The appointment of Mr Simpson to the Board reflects the Company’s significant exploration success in the Cobar Basin, and the commencement of the transformation from an exploration to a mining development company.

R&D

Subsequent to the quarter’s end Peel received a $1.5m payment under the Research and Development Tax Incentive scheme.

For further information, please contact Managing Director Rob Tyson on (08) 9382 3955.

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Competent Persons Statements

The information in this report that relates to Exploration Results is based on information compiled by Mr Rob Tyson who is a fulltime employee of the company. Mr Tyson is a member of the Australasian Institute of Mining and Metallurgy. Mr Tyson has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Tyson consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Exploration results are based on standard industry practices, including sampling, assay methods, and appropriate quality assurance quality control (QAQC) measures.

The information in this announcement and Appendix that relate to data and geological modelling included in Mineral Resource estimates is based on information reviewed by Mr Jason McNamara who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr McNamara is a full time employee of Peel Mining and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr McNamara consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.

The information in this announcement and Appendix that relates to grade estimation and Mineral Resource estimates is based on information reviewed by Mr Jason McNamara, who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr McNamara is a full time employee of Peel Mining and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr McNamara consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears. This release may include aspirational targets. These targets are based on management’s expectations and beliefs concerning future events as of the time of the release of this document. Targets are necessarily subject to risks, uncertainties and other factors, some of which are outside the control of Peel Mining that could cause actual results to differ materially from such statements. Peel Mining makes no undertaking to subsequently update or revise the forward-looking statements made in this release to reflect events or circumstances after the date of this release.

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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May Day Drill Collars	May Day Drill Collars
Hole ID	Northing	Easting	Azi	Dip		Final Depth (m)
MDRCDD011	6412007	406842	171.6	55.5		552.6
Bedooba Drill Collars
Hole ID	Northing	Easting	Azi	Dip	Final Depth(m)
BERC007	6427661	401315	273.4	-62.6	300
BERC008	6427661	401303	274.7	-52.8	192

Wagga Tank-Southern Nights RC/Diamond Drill Collars

Hole ID	Northing	Easting	Azi	Dip	Final Depth(m)
WTRC210	6385793.435	378380.044	85	-65	54
WTRCDD089	6386067.191	378377.717	92.33	-60.45	355.1
WTRCDD154	6386019.988	378403.295	84.8	-60.96	301.9
WTRCDD160	6385892.943	378379.901	83.63	-60.3	304.5
WTRCDD161	6385835.973	378421.252	86.17	-59.81	373.3
WTRCDD162	6385836.86	378383.23	85.15	-60.44	384.7
WTRCDD176	6387609.695	379221.933	309.54	-51.78	366
WTRCDD207	6386372.393	378455.549	86.85	-60.65	255.5
WTRCDD208	6386324.949	378439.595	88.05	-59.52	289.3
WTRCDD209	6386174.981	378346.795	86.78	-65.18	420.5
WTRCDD211	6385785.365	378374.174	85	-68	362

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Wirlong Diamond Lab Assay Results received during the quarter

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD059W1	335	336	3610	837	120.5	1.23	0.01
WLRCDD059W1	336	337	3860	9460	498	6.48	-0.01
WLRCDD059W1	337	338	1390	890	169	1.05	-0.01
WLRCDD059W1	338	339	435	457	52.3	0.63	-0.01
WLRCDD059W1	339	340	7250	2510	314	2.74	-0.01
WLRCDD059W1	340	341	1170	744	46	1.4	-0.01
WLRCDD059W1	341	342	760	313	76.4	0.57	-0.01
WLRCDD059W1	342	343	1210	589	58.7	1.12	-0.01
WLRCDD059W1	343	344	192	328	50.2	0.59	-0.01
WLRCDD059W1	344	345	1060	618	53.3	0.93	0.01
WLRCDD059W1	345	346	2360	1720	221	1.8	0.01
WLRCDD059W1	346	347	220	154.5	38.3	0.2	-0.01
WLRCDD059W1	347	348	97	127	33.1	0.15	-0.01
WLRCDD059W1	348	349	217	218	123	0.27	-0.01
WLRCDD059W1	349	350	405	246	114.5	0.3	0.01
WLRCDD059W1	350	351	255	220	140	0.35	0.01
WLRCDD059W1	351	352	154	143	106	0.21	0.01
WLRCDD059W1	352	353	526	285	91.5	0.29	0.01
WLRCDD059W1	353	354	395	478	22.5	0.42	0.01
WLRCDD059W1	354	355	1360	391	20.4	0.41	0.01
WLRCDD059W1	355	356	482	394	39	0.32	0.01
WLRCDD059W1	356	357	588	527	55.1	0.37	0.02
WLRCDD059W1	357	358	679	675	47.1	0.42	0.02
WLRCDD059W1	358	359	329	208	70.6	0.21	-0.01
WLRCDD059W1	359	360	426	257	82.9	0.3	0.01
WLRCDD059W1	360	361	323	192	43.2	0.24	-0.01
WLRCDD059W1	361	362	193	224	41.8	0.31	-0.01
WLRCDD059W1	362	363	123	73.4	24.2	0.12	-0.01
WLRCDD059W1	363	364	193	115.5	32.3	0.22	-0.01
WLRCDD059W1	364	365	308	175.5	55.5	0.4	-0.01
WLRCDD059W1	365	366	230	54.4	49.9	0.19	0.01
WLRCDD059W1	366	367	107	29.7	86.3	0.17	0.01
WLRCDD059W1	367	368	99	40	89.2	0.21	-0.01
WLRCDD059W1	368	369	844	45.4	77.3	0.23	0.01
WLRCDD059W1	369	370	374	27.9	258	0.3	0.01
WLRCDD059W1	370	371	108	10.7	215	0.21	0.01
WLRCDD059W1	371	372	71	26.3	38.8	0.13	0.01
WLRCDD059W1	372	373	106	37.8	66.3	0.14	0.01
WLRCDD059W1	373	374	597	318	90.9	0.5	0.01
WLRCDD059W1	374	375	2630	593	14.9	0.72	0.01
WLRCDD059W1	375	376	421	468	27.5	0.32	0.01
WLRCDD059W1	376	377	647	479	29.3	0.24	-0.01
WLRCDD059W1	377	378	1280	635	52.6	0.25	-0.01
WLRCDD059W1	378	379	702	472	93.1	0.25	-0.01
WLRCDD059W1	379	380	494	150	35	0.13	0.01
WLRCDD059W1	380	381	250	132.5	7.3	0.18	-0.01
WLRCDD059W1	381	382	842	393	216	0.55	0.01
WLRCDD059W1	382	383	605	329	19.7	0.38	-0.01
WLRCDD059W1	383	384	618	661	111	0.75	-0.01
WLRCDD059W1	384	385	787	570	26.1	0.54	-0.01
WLRCDD059W1	385	386	3280	1070	45.6	0.75	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD059W1	386	387	988	506	11.4	0.27	-0.01
WLRCDD059W1	387	388	1970	1370	12.3	0.49	-0.01
WLRCDD059W1	388	389	2170	1700	9.6	0.55	-0.01
WLRCDD059W1	389	390	2840	1610	2.7	0.46	0.01
WLRCDD059W1	390	391	3030	1680	5.7	0.49	0.01
WLRCDD059W1	391	392	1990	1260	6.3	0.36	-0.01
WLRCDD059W1	392	393	2050	1800	4.9	0.44	-0.01
WLRCDD059W1	393	394	3040	2120	13.1	0.59	-0.01
WLRCDD059W1	394	395	3010	1210	30	0.64	-0.01
WLRCDD059W1	395	396	3610	533	197.5	1.17	0.01
WLRCDD059W1	396	397	1010	246	194.5	0.78	0.01
WLRCDD059W1	397	398	2140	250	21.9	0.58	0.01
WLRCDD059W1	398	399	1560	349	13.6	0.84	-0.01
WLRCDD059W1	399	400	427	260	8.7	0.56	-0.01
WLRCDD059W1	400	401	1890	620	12.7	0.87	0.01
WLRCDD059W1	401	402	2340	1030	6.3	0.67	0.01
WLRCDD059W1	402	403	2490	1560	6.7	0.5	0.04
WLRCDD059W1	403	404	3640	1590	12.8	0.71	-0.01
WLRCDD059W1	404	405	2670	799	19.8	0.77	-0.01
WLRCDD059W1	405	406	1760	195.5	83.7	0.65	-0.01
WLRCDD059W1	406	407	1730	244	57.7	1.16	-0.01
WLRCDD059W1	407	408	251	209	9.2	1.11	-0.01
WLRCDD059W1	408	409	2390	136	9.8	0.67	-0.01
WLRCDD059W1	409	410	3760	21.6	7.1	0.08	-0.01
WLRCDD059W1	410	411	1250	420	9.9	0.84	0.15
WLRCDD059W1	411	412	1150	561	15.5	0.63	0.05
WLRCDD059W1	412	413	697	366	16.7	0.33	-0.01
WLRCDD059W1	413	414	531	293	93.6	0.4	0.01
WLRCDD059W1	414	415	287	225	117.5	0.43	0.04
WLRCDD059W1	415	416	276	157.5	91.5	0.4	-0.01
WLRCDD059W1	416	417	163	110	39.4	0.3	0.01
WLRCDD059W1	417	418	119	70	31.4	0.14	0.02
WLRCDD059W1	418	419	103	67.1	32.3	0.09	0.01
WLRCDD059W1	419	420	146	44.9	19.4	0.14	-0.01
WLRCDD059W1	420	421	179	89.9	21.6	0.19	0.03
WLRCDD059W1	421	422	165	83.4	13.7	0.17	-0.01
WLRCDD059W1	422	423	246	196.5	47.7	0.21	-0.01
WLRCDD059W1	423	424	241	124.5	57.5	0.12	-0.01
WLRCDD059W1	424	425	442	147	44.9	0.15	-0.01
WLRCDD059W1	425	426	212	265	37.4	0.24	0.01
WLRCDD059W1	426	427	511	270	79	0.28	-0.01
WLRCDD059W1	427	428	2510	1160	11.6	0.61	0.04
WLRCDD059W1	428	429	3150	766	6.3	0.69	-0.01
WLRCDD059W1	429	430	5640	224	11.8	0.26	0.01
WLRCDD059W1	430	431	8200	1570	10.8	1.02	-0.01
WLRCDD059W1	431	432	1220	400	10.9	0.27	0.03
WLRCDD059W1	432	433	1410	575	6.2	0.4	-0.01
WLRCDD059W1	433	434	958	745	5.5	0.53	-0.01
WLRCDD059W1	434	435	554	342	5.4	0.56	0.01
WLRCDD059W1	435	436	441	12.9	3.9	0.04	-0.01
WLRCDD059W1	436	437	100	11.9	2.7	0.03	-0.01
WLRCDD059W1	437	438	94	6.3	3.7	0.02	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD059W1	438	439	104	11.2	2.8	0.02	0.01
WLRCDD059W1	439	440	77	4	8.6	0.01	0.01
WLRCDD059W1	440	441	106	13.9	8.6	0.04	-0.01
WLRCDD059W1	441	442	156	38.8	8.9	0.15	0.02
WLRCDD059W1	442	443	101	20.5	7.4	0.06	0.01
WLRCDD059W1	443	444	96	31.3	10	0.1	0.01
WLRCDD059W1	444	445	449	34.5	20	0.14	0.01
WLRCDD059W1	445	446	1150	85.6	224	0.51	-0.01
WLRCDD059W1	446	447	201	107	187	0.58	0.01
WLRCDD059W1	447	448	329	98.1	63.3	0.37	0.01
WLRCDD059W1	448	449	1660	196	379	1.07	0.01
WLRCDD059W1	449	450	606	53	381	0.48	0.01
WLRCDD059W1	450	451	535	6.6	78.5	0.05	-0.01
WLRCDD059W1	451	452	1980	51.3	305	0.31	0.01
WLRCDD059W1	452	453	360	12.8	102	0.1	-0.01
WLRCDD059W1	453	454	260	7	487	0.17	-0.01
WLRCDD059W1	454	455	183	4.6	11.1	0.04	-0.01
WLRCDD059W1	455	456	170	7.2	28.1	0.04	0.01
WLRCDD059W1	456	457	169	8.9	435	0.17	-0.01
WLRCDD059W1	457	458	226	11.9	586	0.21	0.01
WLRCDD059W1	458	459	114	2.2	13.1	-0.01	-0.01
WLRCDD059W1	459	460	112	1.8	9.9	-0.01	0.01
WLRCDD059W1	460	461	97	1.7	8.5	-0.01	0.01
WLRCDD059W1	461	462	124	2.6	6.7	0.01	-0.01
WLRCDD059W1	462	463	168	1.8	18.1	0.01	0.01
WLRCDD059W1	463	464	204	3.1	34	0.02	0.01
WLRCDD059W1	464	465	249	2.6	79.6	0.03	0.01
WLRCDD059W1	465	466	176	9.4	1380	0.28	0.01
WLRCDD059W1	466	467	73	2.6	7.6	0.01	0.01
WLRCDD059W1	467	467.7	121	2.5	393	0.07	0.01
WLRCDD059W1	478	479	78	8.1	394	0.17	0.01
WLRCDD059W1	479	480	959	335	76.9	0.2	0.01
WLRCDD059W1	480	481	206	268	159.5	0.42	0.01
WLRCDD059W1	481	482	63	4.2	352	0.15	0.01
WLRCDD059W1	482	483	78	7.2	740	0.33	0.01
WLRCDD059W1	483	484	36	4.1	150	0.07	0.01
WLRCDD059W1	484	484.85	131	6.4	1220	0.5	0.01
WLRCDD059W1	486.1	487	140	7.1	768	0.34	0.07
WLRCDD059W1	487	488	100	4.4	8.1	0.02	0.01
WLRCDD059W1	488	489	86	5.5	8.6	0.02	0.01
WLRCDD059W1	489	490	95	4.9	213	0.1	0.01
WLRCDD059W1	490	491	61	3.7	408	0.21	0.01
WLRCDD059W1	491	492	114	3.4	79.9	0.04	0.01
WLRCDD059W1	492	493	231	2.5	12	0.01	0.01
WLRCDD059W1	493	494	77	2.5	20.1	0.01	0.01
WLRCDD059W1	494	495	64	3.2	13.4	0.01	-0.01
WLRCDD059W1	495	496	79	6.5	18.3	0.02	-0.01
WLRCDD059W1	496	497	94	60.9	6.8	0.27	0.01
WLRCDD059W1	497	498	137	8	6.4	0.03	-0.01
WLRCDD059W1	498	499	148	42.2	164.5	0.24	-0.01
WLRCDD059W1	499	500	339	7.7	28.7	0.03	0.01
WLRCDD059W1	500	501	398	14	68.1	0.08	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD059W1	501	502	881	17.3	297	0.17	0.01
WLRCDD059W1	502	503	121	14.6	19.6	0.08	-0.01
WLRCDD059W1	503	504	133	8	5.8	0.04	-0.01
WLRCDD059W1	504	505	141	7.5	63.3	0.05	0.01
WLRCDD059W1	505	506	151	5.4	115.5	0.06	0.01
WLRCDD059W1	506	507	110	4.4	193	0.07	0.02
WLRCDD059W1	507	508	109	3.9	163	0.05	0.01
WLRCDD059W1	508	509	89	8.2	73.7	0.08	-0.01
WLRCDD059W1	509	510	93	2.6	37.8	0.01	-0.01
WLRCDD059W1	510	511	113	4	108.5	0.04	0.01
WLRCDD059W1	511	512	68	1.1	238	0.07	-0.01
WLRCDD059W1	512	513	113	2.3	131.5	0.04	-0.01
WLRCDD059W1	513	513.5	43	2	35.1	0.02	0.01
WLRCDD059W1	516.2	517	44	1.6	1150	0.68	0.01
WLRCDD059W1	517	518	48	1.9	1730	0.9	0.01
WLRCDD059W1	518	519	40	1.5	986	0.56	0.01
WLRCDD059W1	519	520	42	2.9	629	0.37	0.01
WLRCDD059W1	520	521	38	3.9	934	0.48	0.01
WLRCDD059W1	521	522	51	2.9	2340	1.21	0.01
WLRCDD059W1	522	523	52	3	2070	1.09	0.01
WLRCDD059W1	524.2	525	38	1.5	855	0.43	0.02
WLRCDD059W1	525	526	55	3.7	1810	0.88	0.01
WLRCDD059W1	526	527	47	3.7	1350	0.47	-0.01
WLRCDD059W1	527	528	59	3.6	16	0.02	0.01
WLRCDD059W1	528	529	40	1.8	16.8	0.01	-0.01
WLRCDD059W1	529.5	530	41	2.2	306	0.09	0.01
WLRCDD059W1	530	531	51	2.7	20.7	0.03	0.01
WLRCDD059W1	531	532	49	5.5	877	0.25	0.01
WLRCDD059W1	532	533	39	3.2	109.5	0.25	0.01
WLRCDD059W1	533	534	42	7.3	51.8	0.06	-0.01
WLRCDD059W1	534	535	40	5.2	31.5	0.03	-0.01
WLRCDD059W1	535	536	47	3.6	157.5	0.06	-0.01
WLRCDD059W1	536	537	45	4.9	12.5	0.02	-0.01
WLRCDD059W1	537	538	38	4	43.9	0.08	-0.01
WLRCDD059W1	538	539	36	3.3	17.4	0.01	-0.01
WLRCDD059W1	539	540	36	4.1	630	0.25	0.01
WLRCDD059W1	540	541	37	4.7	644	0.26	0.01
WLRCDD059W1	541	542	29	3.1	228	0.08	0.01
WLRCDD059W1	542	543	61	4.2	741	0.21	0.01
WLRCDD059W1	543	544	37	2.7	175	0.05	0.01
WLRCDD059W1	544	545	37	2.8	55.4	0.02	0.01
WLRCDD059W1	545	546	37	3.1	104	0.05	0.01
WLRCDD059W1	546	547	36	2.1	158.5	0.05	0.01
WLRCDD059W1	547	548	39	2.7	118.5	0.04	0.01
WLRCDD059W1	548	549	41	3.5	130.5	0.05	0.01
WLRCDD059W1	549	550	42	8.2	94	0.06	-0.01
WLRCDD059W1	550	551	42	4.6	48.2	0.05	0.01
WLRCDD059W1	551	552	41	3.2	39.4	0.03	0.01
WLRCDD059W1	552	553	40	4.6	15.7	0.02	-0.01
WLRCDD059W1	553	554	43	4.5	15.4	0.02	0.01
WLRCDD059W1	554	555	45	4.2	6.1	0.03	0.01
WLRCDD059W1	555	556	48	4.1	8.2	0.02	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD059W1	556	557	45	6.2	11	0.04	0.01
WLRCDD059W1	557	558	45	4	28.5	0.02	0.02
WLRCDD059W1	558	559	48	2.2	38.6	0.02	0.01
WLRCDD059W1	559	560	51	4.5	112.5	0.05	0.02
WLRCDD059W1	560	561	54	3.8	86.1	0.1	0.03
WLRCDD059W1	561	562	63	4.2	47	0.04	0.01
WLRCDD059W1	562	563	61	5.5	21.1	0.03	-0.01
WLRCDD059W1	563	564	66	3.5	27.8	0.02	-0.01
WLRCDD059W1	564	565	61	2.8	40.9	0.02	-0.01
WLRCDD059W1	565	566	53	2.1	9.5	0.01	-0.01
WLRCDD059W1	566	567	73	2.8	12.1	0.01	-0.01
WLRCDD059W1	567	568	65	2.8	9.3	0.01	-0.01
WLRCDD059W1	568	569	73	2.6	10.3	0.01	-0.01
WLRCDD059W1	569	570	91	4.4	418	0.08	0.02
WLRCDD059W1	570	571	171	7	364	0.08	-0.01
WLRCDD059W1	571	572	113	6.7	258	0.06	-0.01
WLRCDD059W1	572	573	73	4.8	198.5	0.05	0.01
WLRCDD059W1	573	574	123	5.2	134	0.04	0.02
WLRCDD059W1	574	575	2060	175	225	0.4	-0.01
WLRCDD059W1	575	576	2100	631	75.9	0.55	-0.01
WLRCDD059W1	576	577	1120	127.5	419	0.2	0.01
WLRCDD059W1	577	578	2070	468	391	0.39	-0.01
WLRCDD059W1	578	579	2010	1050	93.7	0.37	0.07
WLRCDD059W1	579	580	1660	829	84.5	0.59	0.01
WLRCDD059W1	580	581	1260	420	102.5	0.51	-0.01
WLRCDD059W1	581	582	1820	10.8	77.4	0.05	-0.01
WLRCDD059W1	582	583	379	8.9	310	0.09	-0.01
WLRCDD059W1	583	584	206	5.8	157.5	2.33	-0.01
WLRCDD059W1	584	585	74	6.7	246	0.13	-0.01
WLRCDD059W1	585	586	64	3.6	18.4	0.03	-0.01
WLRCDD059W1	586	587	175	6.7	95	0.06	-0.01
WLRCDD059W1	587	588	256	21.9	39.6	0.08	-0.01
WLRCDD059W1	588	589	132	3.9	75.4	0.03	-0.01
WLRCDD059W1	589	590	357	5.5	49.9	0.03	0.01
WLRCDD059W1	590	591	299	7	122.5	0.06	-0.01
WLRCDD059W1	591	592	214	3.9	81.8	0.03	-0.01
WLRCDD059W1	592	593	123	2.9	72.9	0.02	-0.01
WLRCDD059W1	593	594	121	3.3	19.1	0.01	-0.01
WLRCDD059W1	594	595	158	3.7	296	0.09	0.01
WLRCDD059W1	595	596	149	4.5	47.3	0.02	-0.01
WLRCDD059W1	596	597	668	39.8	470	0.22	-0.01
WLRCDD059W1	597	598	563	389	104	0.63	-0.01
WLRCDD059W1	598	599	260	60.3	3.9	0.1	-0.01
WLRCDD059W1	599	600	203	7.2	8.8	0.02	-0.01
WLRCDD059W1	600	601	129	8.8	19.2	0.04	0.01
WLRCDD059W1	601	602	164	6.7	9.4	0.03	-0.01
WLRCDD059W1	602	603	187	46.3	27.9	0.12	-0.01
WLRCDD059W1	603	604	196	55.3	4.2	0.11	-0.01
WLRCDD059W1	604	605	692	149	13.3	0.19	-0.01
WLRCDD059W1	605	606	188	19.7	51.5	0.04	-0.01
WLRCDD059W1	606	607	191	6.2	19.9	0.02	-0.01
WLRCDD059W1	607	608	1800	87.2	116.5	0.12	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD059W1	608	609	486	30.5	13.3	0.04	-0.01
WLRCDD059W1	609	610	785	61.4	17	0.24	0.01
WLRCDD059W1	610	611	341	71.2	2.1	0.11	0.01
WLRCDD059W1	611	612	2910	999	7.2	0.76	0.01
WLRCDD059W1	612	613	1570	168	159	0.46	0.01
WLRCDD059W1	613	614	330	76.6	2060	1.02	0.01
WLRCDD059W1	614	615	495	82.6	131.5	0.31	-0.01
WLRCDD059W1	615	616	3170	790	799	0.93	0.01
WLRCDD059W1	616	617	129	20.5	63.8	0.06	-0.01
WLRCDD059W1	617	618	45	3	12.8	0.01	-0.01
WLRCDD059W1	618	619	48	19.7	7	0.03	-0.01
WLRCDD059W1	619	620	45	39.9	12.5	0.06	0.01
WLRCDD059W1	620	621	29	24.2	9	0.05	-0.01
WLRCDD059W1	621	622	39	44.3	10.8	0.08	-0.01
WLRCDD059W1	622	622.9	39	35.1	13.8	0.08	-0.01
WLRCDD060	350	351	40	24.8	15.3	0.08	-0.01
WLRCDD060	351	352	425	272	27.9	0.74	-0.01
WLRCDD060	352	353	34	17.5	21.9	0.05	-0.01
WLRCDD060	353	354	28	19.1	13.6	0.05	-0.01
WLRCDD060	354	355	275	89.2	11	0.21	-0.01
WLRCDD060	355	356	53	61.2	7.8	0.13	-0.01
WLRCDD060	356	357	65	78.1	7.3	0.13	-0.01
WLRCDD060	357	358	188	110.5	10.4	0.16	-0.01
WLRCDD060	358	359	200	79	11.6	0.11	-0.01
WLRCDD060	359	360	234	68.7	13.7	0.07	-0.01
WLRCDD060	360	361	579	375	19	0.31	0.01
WLRCDD060	361	362	956	536	18.2	0.43	-0.01
WLRCDD060	362	363	487	396	14.7	0.34	-0.01
WLRCDD060	363	364	1250	584	13.7	0.61	-0.01
WLRCDD060	364	365	597	221	14.1	0.35	-0.01
WLRCDD060	365	366	303	289	21.6	0.61	0.01
WLRCDD060	366	367	46	73	18.2	0.19	-0.01
WLRCDD060	367	368	52	52.4	17.4	0.13	0.01
WLRCDD060	368	369	1350	371	26.3	0.79	-0.01
WLRCDD060	369	370	244	128	23.3	0.25	-0.01
WLRCDD060	370	371	89	79.3	16.3	0.14	-0.01
WLRCDD060	371	372	122	79.3	13.4	0.16	-0.01
WLRCDD060	372	373	155	141	11.7	0.28	-0.01
WLRCDD060	373	374	120	121.5	9.4	0.25	-0.01
WLRCDD060	374	375	229	149	18.9	0.29	-0.01
WLRCDD060	375	376	208	123.5	13.5	0.25	0.01
WLRCDD060	376	377	174	125.5	13.7	0.25	-0.01
WLRCDD060	377	378	251	205	17.8	0.38	-0.01
WLRCDD060	378	379	316	200	15	0.29	-0.01
WLRCDD060	379	380	274	175.5	11.9	0.29	-0.01
WLRCDD060	380	381	172	133	11.8	0.19	-0.01
WLRCDD060	381	382	392	289	21.1	0.38	-0.01
WLRCDD060	382	383	503	345	25.6	0.33	-0.01
WLRCDD060	383	384	674	541	17.1	0.4	-0.01
WLRCDD060	384	385	2080	1030	32.6	0.64	-0.01
WLRCDD060	385	386	934	530	38.3	0.33	-0.01
WLRCDD060	386	387	1620	951	51.7	0.54	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD060	387	388	1700	1020	96.2	0.5	-0.01
WLRCDD060	388	389	2200	1140	169	0.67	-0.01
WLRCDD060	389	390	1390	443	72.2	0.38	-0.01
WLRCDD060	390	391	708	249	52.8	0.22	-0.01
WLRCDD060	391	392	672	318	31.5	0.21	-0.01
WLRCDD060	392	393	1080	607	29.9	0.41	-0.01
WLRCDD060	393	394	1300	639	30.7	0.51	-0.01
WLRCDD060	394	395	670	528	23.2	0.37	-0.01
WLRCDD060	395	396	2260	784	49.6	0.58	-0.01
WLRCDD060	396	397	1050	472	22.2	0.34	-0.01
WLRCDD060	397	398	1480	637	39.8	0.53	-0.01
WLRCDD060	398	399	1240	736	34.5	0.58	-0.01
WLRCDD060	399	400	1090	311	37.8	0.27	-0.01
WLRCDD060	400	401	193	195.5	30	0.22	-0.01
WLRCDD060	401	402	360	185	29.4	0.17	-0.01
WLRCDD060	402	403	408	73.6	28.2	0.07	-0.01
WLRCDD060	403	404	1300	135.5	19	0.1	-0.01
WLRCDD060	404	405	130	88.9	17.4	0.06	-0.01
WLRCDD060	405	406	133	163	28.2	0.12	-0.01
WLRCDD060	406	407	285	175	43.9	0.18	-0.01
WLRCDD060	407	408	373	176.5	55	0.22	-0.01
WLRCDD060	408	409	529	205	65.2	0.28	-0.01
WLRCDD060	409	410	693	280	40.8	0.31	-0.01
WLRCDD060	410	411	319	229	16	0.26	0.01
WLRCDD060	411	412	582	464	87.4	0.43	0.01
WLRCDD060	412	413	922	917	185.5	0.82	0.01
WLRCDD060	413	414	2730	363	341	0.46	0.01
WLRCDD060	414	415	671	205	37.4	0.25	0.01
WLRCDD060	415	416	279	247	20.2	0.31	0.01
WLRCDD060	416	417	118	74	21.2	0.12	0.01
WLRCDD060	417	418	105	187.5	12.8	0.43	0.01
WLRCDD060	418	419	130	83.8	11.2	0.21	0.01
WLRCDD060	419	420	147	138.5	10.8	0.36	0.03
WLRCDD060	420	421	82	17.7	9.6	0.03	0.02
WLRCDD060	421	422	378	168.5	60.1	0.23	0.01
WLRCDD060	422	423	390	226	31.5	0.29	0.02
WLRCDD060	423	424	407	338	17.8	0.35	0.01
WLRCDD060	424	425	535	377	28.3	0.45	0.01
WLRCDD060	425	426	793	434	112.5	0.44	0.01
WLRCDD060	426	427	1180	617	306	0.66	0.01
WLRCDD060	427	428	866	357	61.2	0.36	0.01
WLRCDD060	428	429	596	362	106.5	0.29	0.01
WLRCDD060	429	430	536	357	146	0.29	-0.01
WLRCDD060	430	431	289	210	80.8	0.19	-0.01
WLRCDD060	431	432	239	123.5	57.8	0.13	0.04
WLRCDD060	432	433	1150	636	278	0.67	-0.01
WLRCDD060	433	434	1190	962	422	0.74	-0.01
WLRCDD060	434	435	2800	817	135	0.67	-0.01
WLRCDD060	435	436	13900	1840	13.6	1.05	-0.01
WLRCDD060	436	437	1570	421	28.5	0.29	-0.01
WLRCDD060	437	438	3080	427	26.1	0.34	-0.01
WLRCDD060	438	439	1250	562	36.7	0.47	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD060	439	440	1370	691	49.6	0.49	-0.01
WLRCDD060	440	441	1000	612	64	0.41	-0.01
WLRCDD060	441	442	1640	705	124.5	0.92	-0.01
WLRCDD060	442	443	827	240	149	0.27	-0.01
WLRCDD060	443	444	475	311	16.8	0.33	-0.01
WLRCDD060	444	445	819	385	55.3	0.39	-0.01
WLRCDD060	445	446	789	236	79.6	0.23	-0.01
WLRCDD060	446	447	280	96	27.5	0.12	-0.01
WLRCDD060	447	448	184	85.3	16.9	0.09	-0.01
WLRCDD060	448	449	867	2340	47.3	1.93	-0.01
WLRCDD060	449	450	711	471	180.5	0.58	-0.01
WLRCDD060	450	451	212	284	54	0.36	-0.01
WLRCDD060	451	452	357	324	85	0.42	-0.01
WLRCDD060	452	453	603	387	167.5	0.39	0.01
WLRCDD060	453	454	233	104.5	31.4	0.1	-0.01
WLRCDD060	454	455	318	216	86.9	0.21	-0.01
WLRCDD060	455	456	367	233	88	0.21	-0.01
WLRCDD060	456	457	387	225	78.9	0.25	-0.01
WLRCDD060	457	458	815	410	219	0.62	-0.01
WLRCDD060	458	459	479	261	148	0.39	-0.01
WLRCDD060	459	460	574	621	51.9	0.61	-0.01
WLRCDD060	460	461	986	510	10.7	0.29	-0.01
WLRCDD060	461	462	2550	837	3.2	0.39	-0.01
WLRCDD060	462	463	1550	1120	6.2	0.51	-0.01
WLRCDD060	464.2	465	1250	349	4	0.17	-0.01
WLRCDD060	465	466	1560	193	4.6	0.11	-0.01
WLRCDD060	466	467	2170	96.3	8.6	0.07	-0.01
WLRCDD060	467	468	1140	57.8	6.8	0.04	-0.01
WLRCDD060	468	469	298	71.8	24.4	0.06	-0.01
WLRCDD060	469	470	297	166	27.6	0.11	-0.01
WLRCDD060	470	471	1210	1910	8.7	1.08	-0.01
WLRCDD060	471	472	1060	969	6.7	0.44	0.01
WLRCDD060	472	473	726	430	9.6	0.2	-0.01
WLRCDD060	473	474	747	473	6	0.21	-0.01
WLRCDD060	474	475	784	728	11.7	0.3	0.01
WLRCDD060	475	476	2330	1010	5.6	0.45	0.01
WLRCDD060	476	477	1930	603	4.9	0.3	0.01
WLRCDD060	477	478	915	372	6.3	0.24	0.01
WLRCDD060	478	479	3430	162.5	9.6	0.19	-0.01
WLRCDD060	479	480	2090	22	21.7	0.04	-0.01
WLRCDD060	480	481	280	10.6	9.8	0.02	0.01
WLRCDD060	481	482	454	3	3	0.01	0.01
WLRCDD060	482	483	753	2.7	1.4	-0.01	-0.01
WLRCDD060	483	484	141	2.3	2.1	-0.01	0.01
WLRCDD060	484	485	109	2.1	1.7	-0.01	0.01
WLRCDD060	485	486	98	2.8	2.2	0.01	0.01
WLRCDD060	486	487	85	2.4	1.7	-0.01	0.01
WLRCDD060	487	488	97	2.5	1	-0.01	-0.01
WLRCDD060	488	489	103	3.9	1.4	0.01	0.01
WLRCDD060	489	490	131	14.9	1.9	0.02	-0.01
WLRCDD060	490	491	76	10.6	8.8	0.03	-0.01
WLRCDD060	491	492	113	8.6	10.8	0.02	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD060	492	493	1370	59.7	318	0.25	-0.01
WLRCDD060	493	494	384	181	26.8	0.22	0.01
WLRCDD060	494	495	242	119	17	0.12	-0.01
WLRCDD060	495	496	445	195.5	90.3	0.23	-0.01
WLRCDD060	496	497	1100	514	103.5	0.65	-0.01
WLRCDD060	497	498	5180	150.5	59.7	0.73	-0.01
WLRCDD060	498	499	535	19.1	111.5	0.14	-0.01
WLRCDD060	499	500	371	21.2	21	0.12	-0.01
WLRCDD060	500	501	279	52.1	815	0.62	-0.01
WLRCDD060	501	502	1550	191	175	0.72	-0.01
WLRCDD060	502	503	202	37.4	29.5	0.11	-0.01
WLRCDD060	503	504	129	28.4	18.2	0.09	-0.01
WLRCDD060	504	505	261	151.5	73.6	0.48	-0.01
WLRCDD060	505	506	101	11.9	45.6	0.05	-0.01
WLRCDD060	506	507	528	3.3	65.8	0.03	-0.01
WLRCDD060	507	508	2410	4.4	212	0.09	-0.01
WLRCDD060	508	509	2260	116	206	0.35	-0.01
WLRCDD060	509	510	674	12.1	214	0.09	-0.01
WLRCDD060	510	511	1890	4.1	85.1	0.04	-0.01
WLRCDD060	511	512	281	2.8	329	0.09	-0.01
WLRCDD060	512	513	132	2.3	6.3	0.01	-0.01
WLRCDD060	513	514	170	2.8	8.3	0.01	-0.01
WLRCDD060	514	515	1630	57.2	8.6	0.12	-0.01
WLRCDD060	515	516	1170	583	210	0.87	-0.01
WLRCDD060	516	517	668	438	161	0.35	-0.01
WLRCDD060	517	518	1070	496	98.2	0.45	-0.01
WLRCDD060	518	519	707	169.5	48.4	0.41	-0.01
WLRCDD060	519	520	313	7.2	87.2	0.06	-0.01
WLRCDD060	520	521	59	6.7	11.4	0.02	-0.01
WLRCDD060	521	522	72	8.8	39.5	0.03	-0.01
WLRCDD060	522	523	81	4.5	133	0.08	-0.01
WLRCDD060	523	524	85	4.1	13.1	0.03	-0.01
WLRCDD060	524	525	78	7.5	23.6	0.04	-0.01
WLRCDD060	525	526	85	4	20.2	0.03	-0.01
WLRCDD060	526	527	123	6.6	942	0.53	-0.01
WLRCDD060	527	528	90	4.3	170	0.1	-0.01
WLRCDD060	528	529	70	4.3	4.9	0.02	-0.01
WLRCDD060	529	530	69	5.7	9.2	0.02	-0.01
WLRCDD060	530	531	83	4.9	9.6	0.02	0.06
WLRCDD060	531	532	58	4.9	49.1	0.06	0.01
WLRCDD060	532	533	39	2.9	9.2	0.01	0.01
WLRCDD060	533	534	82	3.4	3.9	0.01	-0.01
WLRCDD060	534	535	75	3.1	4.2	0.01	0.02
WLRCDD060	535	536	53	8.2	261	0.18	0.01
WLRCDD060	536	537	55	4.4	6.2	0.02	0.01
WLRCDD060	537	538	41	3.6	4.9	0.02	0.01
WLRCDD060	538	539	75	4.3	4	0.02	0.01
WLRCDD060	539	540	69	6.3	12.8	0.02	0.01
WLRCDD060	540	541	86	4.3	15.1	0.02	0.02
WLRCDD060	541	542	70	7.2	433	0.26	0.09
WLRCDD060	542	543	186	10.7	5730	2.63	0.03
WLRCDD060	543	544	76	5.1	1680	0.73	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD060	544	545	56	8.5	1420	0.53	0.01
WLRCDD060	545	546	80	15.3	2750	0.89	0.01
WLRCDD060	546	547	37	4.2	375	0.13	-0.01
WLRCDD060	547	548	65	5.1	1660	0.52	0.02
WLRCDD060	548	549	63	5.6	1170	0.37	0.01
WLRCDD060	549	550	50	6.2	356	0.15	0.01
WLRCDD060	550	551	50	3.4	601	0.23	0.02
WLRCDD060	551	552	66	11.7	1530	0.6	0.01
WLRCDD060	552	553	64	2.1	1380	0.49	0.02
WLRCDD060	553	554	52	4	632	0.25	0.02
WLRCDD060	554	555	67	2.6	1450	0.7	0.01
WLRCDD060	555	556	72	5.6	2070	0.83	0.01
WLRCDD060	556	557	84	5	988	0.39	-0.01
WLRCDD060	557	558	179	6.2	3900	1.39	0.01
WLRCDD060	558	559	81	5.5	188	0.09	0.01
WLRCDD060	559	560	73	3.5	102.5	0.05	0.01
WLRCDD060	560	561	92	6.3	502	0.19	0.02
WLRCDD060	561	562	74	5.2	167.5	0.09	0.01
WLRCDD060	562	563	78	8.7	163.5	0.09	0.05
WLRCDD060	563	564	72	5	130	0.08	0.02
WLRCDD060	564	565	74	4.1	252	0.13	0.02
WLRCDD060	565	566	75	2.7	337	0.15	0.01
WLRCDD060	566	567	75	4.1	432	0.21	0.02
WLRCDD060	567	568	96	10.1	2710	1.32	0.03
WLRCDD060	568	569	132	36.2	1190	0.76	0.01
WLRCDD060	569	570	277	5	3520	1.51	0.01
WLRCDD060	570	571	197	3.7	1740	0.7	0.07
WLRCDD060	572	573	454	6.6	915	0.41	0.02
WLRCDD060	573	574	186	3.7	705	0.33	0.01
WLRCDD060	574	575	76	18.3	156.5	0.16	0.02
WLRCDD060	575	576	65	6.5	22.8	0.03	0.02
WLRCDD060	576	577	67	11.7	88.7	0.08	0.04
WLRCDD060	577	578	59	5.4	184	0.08	0.01
WLRCDD060	578	579	66	5.2	209	0.08	0.01
WLRCDD060	579	580	119	4.6	2570	0.75	0.01
WLRCDD060	580	581	75	2.8	667	0.19	0.01
WLRCDD060	581	582	98	3.7	1250	0.36	0.01
WLRCDD060	582	583	68	2.8	132.5	0.04	0.02
WLRCDD060	583	584	78	10.5	115.5	0.06	0.15
WLRCDD060	584	585	89	8.4	47.8	0.04	0.02
WLRCDD060	585	586	84	6.1	141	0.05	0.03
WLRCDD060	586	587	75	11.8	242	0.11	0.01
WLRCDD060	587	588	48	6.1	219	0.11	0.01
WLRCDD060	588	589	53	2.6	740	0.23	0.01
WLRCDD060	589	590	38	2.7	96	0.03	0.01
WLRCDD060	590	591	44	1.6	687	0.15	0.04
WLRCDD060	591	592	69	5	912	0.21	0.01
WLRCDD060	592	593	52	2.6	616	0.13	0.02
WLRCDD060	593	594	57	2.1	475	0.09	0.01
WLRCDD060	594	595	65	3.1	800	0.19	0.01
WLRCDD060	595	596	63	2.5	1630	0.38	0.01
WLRCDD060	596	597	28	1.8	1080	0.23	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD060	597	598	24	2.3	1210	0.28	0.01
WLRCDD060	598	599	39	2.3	2100	0.51	0.01
WLRCDD060	599	600	35	2	1300	0.33	-0.01
WLRCDD060	600	601	34	1.8	1050	0.29	-0.01
WLRCDD060	601	602	46	2.4	1120	0.3	-0.01
WLRCDD060	602	603	47	2.3	1910	0.47	0.01
WLRCDD060	603	604	38	2.1	1240	0.34	-0.01
WLRCDD060	604	604.9	44	2	1810	0.5	-0.01
WLRCDD060	616	617	46	4	581	0.16	0.01
WLRCDD060	617	618	36	1.6	874	0.22	-0.01
WLRCDD060	618	619	39	2.1	653	0.16	-0.01
WLRCDD060	619	620	45	2.5	437	0.11	0.01
WLRCDD060	624	625	40	2	1410	0.32	-0.01
WLRCDD060	625	626	35	1.6	881	0.21	-0.01
WLRCDD060	626	627	63	2.1	5940	1.25	-0.01
WLRCDD060	627	628	71	2.7	6380	1.32	-0.01
WLRCDD060	628	629	34	1.2	518	0.1	-0.01
WLRCDD060	629	630	34	1.7	106.5	0.03	-0.01
WLRCDD060	630	631	35	1.7	509	0.11	-0.01
WLRCDD060	631	632	63	1.9	4790	0.91	0.05
WLRCDD060	632	633	39	1.5	427	0.09	-0.01
WLRCDD060	633	634	81	1.9	6160	1.19	-0.01
WLRCDD060	634	635	52	1.4	2080	0.39	-0.01
WLRCDD060	635	636	60	1.7	2610	0.51	-0.01
WLRCDD060	636	637	65	1.5	1660	0.3	-0.01
WLRCDD060	637	638	62	1.7	814	0.16	-0.01
WLRCDD060	638	639	65	2.5	909	0.18	-0.01
WLRCDD060	639	640	60	4	409	0.09	-0.01
WLRCDD060	640	641	61	4.2	331	0.07	-0.01
WLRCDD060	641	642	60	4	344	0.08	-0.01
WLRCDD060	642	643	60	3.3	311	0.07	-0.01
WLRCDD060	643	644	59	1.4	255	0.05	-0.01
WLRCDD060	644	645	73	1.5	869	0.15	-0.01
WLRCDD060	645	646	69	1.8	230	0.04	-0.01
WLRCDD060	646	647	72	1.6	8.3	-0.01	-0.01
WLRCDD060	647	648	70	1.9	11.1	-0.01	-0.01
WLRCDD060	648	649	68	3.1	20.7	0.01	-0.01
WLRCDD060	649	650	72	2	347	0.07	-0.01
WLRCDD060	650	651	103	1.9	41.9	0.01	-0.01
WLRCDD060	651	652	94	2.5	336	0.08	-0.01
WLRCDD060	652	653	93	3.4	291	0.09	-0.01
WLRCDD060	653	654	94	3.9	46.6	0.03	-0.01
WLRCDD060	654	655	82	2.5	20.8	0.01	-0.01
WLRCDD060	655	656	88	6.3	260	0.06	-0.01
WLRCDD060	656	657	97	3.2	319	0.06	-0.01
WLRCDD060	657	658	94	2.7	222	0.04	-0.01
WLRCDD060	658	659	114	3.4	962	0.19	-0.01
WLRCDD060	659	660	116	6.6	430	0.1	-0.01
WLRCDD060	660	661	132	5.2	343	0.07	-0.01
WLRCDD060	661	662	157	4.6	271	0.04	-0.01
WLRCDD060	662	663	104	2.5	106	0.02	-0.01
WLRCDD060	663	664	113	2.4	1050	0.21	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WLRCDD060	664	665	122	2.6	709	0.16	-0.01
WLRCDD060	665	666	145	3.8	2990	0.65	-0.01
WLRCDD060	666	667	132	5.7	934	0.25	-0.01
WLRCDD060	667	668	155	15.1	1230	0.44	-0.01
WLRCDD060	668	669	91	2.6	106.5	0.04	-0.01
WLRCDD060	669	670	150	3.5	1270	0.46	-0.01
WLRCDD060	670	671	104	10.5	339	0.18	-0.01
WLRCDD060	671	672	152	10.5	779	0.33	-0.01
WLRCDD060	672	673	205	24.7	1480	0.77	-0.01
WLRCDD060	673	674	155	7.5	518	0.24	0.01
WLRCDD060	674	675	118	4.6	99.3	0.06	-0.01
WLRCDD060	675	676	83	5.5	106.5	0.07	-0.01
WLRCDD060	676	677	94	3.6	191.5	0.08	-0.01
WLRCDD060	677	678	89	4.6	55.4	0.04	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

	Bedooba Percussion Lab Assay Results received during thequarter	Bedooba Percussion Lab Assay Results received during thequarter	Bedooba Percussion Lab Assay Results received during thequarter	Bedooba Percussion Lab Assay Results received during thequarter	Bedooba Percussion Lab Assay Results received during thequarter	Bedooba Percussion Lab Assay Results received during thequarter	Bedooba Percussion Lab Assay Results received during thequarter
HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
BERC007	0	6					-0.01
BERC007	6	12					-0.01
BERC007	12	18					-0.01
BERC007	18	24					-0.01
BERC007	24	30					0.01
BERC007	30	36					0.02
BERC007	36	42					-0.01
BERC007	42	48					-0.01
BERC007	48	54					-0.01
BERC007	54	60					-0.01
BERC007	60	66					-0.01
BERC007	66	72					-0.01
BERC007	72	78					-0.01
BERC007	78	84					-0.01
BERC007	84	90					-0.01
BERC007	90	96					-0.01
BERC007	96	102					0.06
BERC007	102	108					-0.01
BERC007	108	114					-0.01
BERC007	114	115	106	8.4	79	0.04	-0.01
BERC007	115	116	116	21.9	329	0.13	-0.01
BERC007	116	117	102	31.9	325	0.14	-0.01
BERC007	117	118	92	12.7	146	0.05	-0.01
BERC007	118	119	125	23.9	47	0.08	-0.01
BERC007	119	120	113	16.7	74.4	0.06	-0.01
BERC007	120	121	123	8.8	41.8	0.03	-0.01
BERC007	121	122	152	49.1	55.6	0.15	-0.01
BERC007	122	123	113	60.1	6.6	0.19	-0.01
BERC007	123	124	97	12.4	43.7	0.03	-0.01
BERC007	124	125	105	6.2	22.3	0.01	-0.01
BERC007	125	126	100	6.1	84.9	0.02	-0.01
BERC007	126	127	107	9.8	179	0.04	-0.01
BERC007	127	128	171	5	75.4	0.02	-0.01
BERC007	128	134					-0.01
BERC007	134	139					-0.01
BERC007	139	140	127	25.5	8.5	0.05	-0.01
BERC007	140	141	642	244	655	0.36	0.01
BERC007	141	142	1100	157.5	969	0.36	0.01
BERC007	142	143	163	38	551	0.14	0.01
BERC007	143	144	174	52.5	535	0.25	0.01
BERC007	144	145	644	93.8	215	0.35	-0.01
BERC007	145	146	164	37.7	910	0.3	0.02
BERC007	146	147	96	19.7	171	0.08	0.01
BERC007	147	148	81	6.5	211	0.04	0.01
BERC007	148	149	642	63.9	143	0.22	0.01
BERC007	149	150	361	36.9	85.1	0.12	0.01
BERC007	150	156					0.02
BERC007	156	157	120	7.6	64.2	0.01	0.01
BERC007	157	158	192	12.7	81.8	0.02	-0.01
BERC007	158	159	370	63	84.2	0.12	-0.01
BERC007	159	160	258	80	119.5	0.13	0.01

Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
BERC007	160	161	612	198.5	68.1	0.23	-0.01
BERC007	161	162	144	41.7	52.4	0.05	0.01
BERC007	162	163	365	264	112.5	0.22	0.01
BERC007	163	164	192	32.9	19	0.03	-0.01
BERC007	164	165	394	204	77.3	0.16	0.01
BERC007	165	166	141	68.4	47.7	0.07	0.01
BERC007	166	167	423	324	108	0.37	-0.01
BERC007	167	168	362	316	108.5	0.38	0.01
BERC007	168	169	496	429	102.5	0.48	-0.01
BERC007	169	170	238	104	127	0.16	0.01
BERC007	170	171	415	258	112.5	0.39	-0.01
BERC007	171	172	660	255	148.5	0.37	-0.01
BERC007	172	173	499	610	179.5	0.71	-0.01
BERC007	173	174	889	1030	195.5	0.74	0.02
BERC007	174	175	450	317	538	0.66	0.01
BERC007	175	176	348	168.5	260	0.37	0.01
BERC007	176	177	1090	493	218	1.41	0.01
BERC007	177	178	437	262	290	0.92	0.01
BERC007	178	179	202	51.1	144	0.18	-0.01
BERC007	179	185					0.03
BERC007	185	191					0.01
BERC007	191	197					0.05
BERC007	197	203					0.02
BERC007	203	204					0.01
BERC007	204	205	86	7.9	11.2	0.03	0.01
BERC007	205	206	88	5.5	56.2	0.03	0.01
BERC007	206	207	68	5.5	54.9	0.03	0.01
BERC007	207	208	65	6.5	149	0.06	0.02
BERC007	208	209	63	12.3	312	0.15	0.01
BERC007	209	210	65	5	124	0.05	0.01
BERC007	210	211	56	3.9	149.5	0.06	0.01
BERC007	211	212	101	7	260	0.12	0.02
BERC007	212	213	61	3.2	140	0.04	0.02
BERC007	213	214	45	2.6	179.5	0.04	0.03
BERC007	214	215	62	3.4	618	0.67	0.16
BERC007	215	216	73	6.4	218	0.06	0.08
BERC007	216	217	101	3.7	35.5	0.01	0.02
BERC007	217	218	87	3.8	74.6	0.02	0.05
BERC007	218	219	54	3.8	127	0.02	0.1
BERC007	219	220	49	7.1	367	0.13	0.11
BERC007	220	226					0.05
BERC007	226	227	60	3.6	146.5	0.04	0.01
BERC007	227	228	60	4.3	168.5	0.04	0.03
BERC007	228	229	56	5.5	303	0.09	0.02
BERC007	229	230	68	14	572	0.21	0.07
BERC007	230	231	60	5.2	346	0.09	0.03
BERC007	231	235					0.02
BERC007	235	236	122	8.1	478	0.16	0.04
BERC007	236	239					0.01
BERC007	239	240	137	56.6	1300	0.64	0.06
BERC007	240	241	988	431	4160	3.36	0.16
BERC007	241	242	1320	481	1470	1.86	0.02

Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
BERC007	242	243	1240	501	3790	2.59	0.02
BERC007	243	244	145	50.4	589	0.28	0.01
BERC007	244	245	1500	354	1000	1.63	0.01
BERC007	245	246	574	184.5	1090	1.18	0.12
BERC007	246	247	594	90.4	5590	2.71	0.18
BERC007	247	248	1020	397	2870	3.04	0.07
BERC007	248	249	700	346	3610	3.09	0.02
BERC007	249	250	270	51.8	608	0.49	0.01
BERC007	250	255					0.01
BERC007	255	259					0.01
BERC007	259	260	109	5	20.8	0.03	0.01
BERC007	260	261	85	8.9	372	0.12	0.28
BERC007	261	262	146	5.6	160.5	0.04	0.11
BERC007	262	263	117	4.2	60.7	0.02	0.02
BERC007	263	264	105	3.7	56.5	0.02	0.04
BERC007	264	265	113	5.8	85.6	0.03	0.03
BERC007	265	266	84	4.9	119.5	0.03	0.14
BERC007	266	267	71	4	93.3	0.02	0.03
BERC007	267	268	57	3.9	73.8	0.02	0.03
BERC007	268	269	52	4.2	146	0.03	0.01
BERC007	269	270	64	4.6	54	0.03	0.02
BERC007	270	271	71	4.9	361	0.08	0.08
BERC007	271	272	73	6.1	454	0.09	0.02
BERC007	272	273	77	5.4	135.5	0.04	0.01
BERC007	273	274	76	5.8	62.9	0.04	-0.01
BERC007	274	275	112	10.8	268	0.16	0.04
BERC007	275	276	109	6.7	85.6	0.07	0.01
BERC007	276	277	113	7.9	115	0.09	0.01
BERC007	277	278	83	15	270	0.21	0.06
BERC007	278	279	90	20.1	342	0.29	0.01
BERC007	279	280	77	4.8	201	0.08	-0.01
BERC007	280	281	139	5.2	255	0.1	0.01
BERC007	281	282	124	6.4	197.5	0.09	-0.01
BERC007	282	283	129	94.4	686	1.19	0.07
BERC007	283	284	409	715	5000	8.77	0.05
BERC007	284	285	105	488	1280	4.38	-0.01
BERC007	285	286	67	99.4	568	0.98	0.01
BERC007	286	287	77	41.8	836	0.68	0.01
BERC007	287	288	124	29.5	2320	1.57	0.05
BERC007	288	289	98	8.5	582	0.3	0.07
BERC007	289	290	63	6.2	417	0.16	0.04
BERC007	290	291	60	4.9	421	0.15	0.05
BERC007	291	292	51	3.1	94.5	0.02	0.02
BERC007	292	293	55	3.6	138.5	0.03	0.02
BERC007	293	294	172	3.8	90.7	0.03	0.01
BERC007	294	295	107	4.3	55.3	0.02	0.01
BERC007	295	296	58	4.5	47.4	0.01	0.01
BERC007	296	297	60	6.5	69.5	0.02	0.01
BERC007	297	298	60	3.9	69.2	0.01	-0.01
BERC007	298	299	68	6.7	5.1	0.03	-0.01
BERC007	299	300	90	5.2	30	0.02	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
BERC008	0	6					-0.01
BERC008	6	12					-0.01
BERC008	12	18					-0.01
BERC008	18	24					-0.01
BERC008	24	30					-0.01
BERC008	30	36					-0.01
BERC008	36	42					-0.01
BERC008	42	48					-0.01
BERC008	48	54					-0.01
BERC008	54	60					0.05
BERC008	60	66					-0.01
BERC008	66	72					-0.01
BERC008	72	78					0.01
BERC008	78	84					0.01
BERC008	84	90					0.03
BERC008	90	96					0.02
BERC008	96	102					0.01
BERC008	102	108					-0.01
BERC008	108	114					-0.01
BERC008	114	120					-0.01
BERC008	120	126					-0.01
BERC008	126	132					-0.01
BERC008	132	138					-0.01
BERC008	138	139	148	40.7	354	0.31	0.01
BERC008	139	140	563	106	562	0.74	0.02
BERC008	140	141	948	109.5	4090	3.15	-0.01
BERC008	141	142	239	31.6	1220	0.58	0.02
BERC008	142	148					0.01
BERC008	148	149	109	14.2	539	0.19	0.18
BERC008	149	150	110	5.1	202	0.05	0.03
BERC008	150	151	99	12.6	538	0.18	0.01
BERC008	151	152	733	399	1080	1.88	0.02
BERC008	152	153	149	57.5	371	0.33	0.01
BERC008	153	154	396	126.5	147	0.59	-0.01
BERC008	154	155	121	27.3	82.2	0.13	-0.01
BERC008	155	156	117	25.9	104	0.12	-0.01
BERC008	156	157	161	17.8	136.5	0.08	-0.01
BERC008	157	158	132	11.7	89.4	0.05	-0.01
BERC008	158	159	944	1230	1140	3.83	0.01
BERC008	159	160	167	146.5	630	0.68	0.01
BERC008	160	161	95	34.7	227	0.19	-0.01
BERC008	161	162	88	17.8	321	0.13	0.02
BERC008	162	163	107	17.1	282	0.12	0.04
BERC008	163	164	95	6.2	54.6	0.03	0.01
BERC008	164	165	84	18.8	1090	0.47	0.25
BERC008	165	166	93	8.8	828	0.28	0.04
BERC008	166	167	84	4.5	286	0.07	0.03
BERC008	167	168	112	4	204	0.04	0.01
BERC008	168	169	129	4.4	119.5	0.03	-0.01
BERC008	169	170	321	38	1240	0.76	0.06
BERC008	170	171	301	79.3	4090	2.29	-0.01
BERC008	171	172	644	494	567	3.24	0.01

Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Au(ppm)
BERC008	172	178	0.01
BERC008	178	184	-0.01
BERC008	184	188	-0.01
BERC008	188	192	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

Wagga Tank – Southern Nights Percussion/ Diamond Lab Assay Results received during the quarter

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD027	332.4	333	367	1175	2340	10.6	0.04
WTRCDD027	333	334	313	82.4	618	2.13	0.04
WTRCDD027	334	335	546	123.5	1125	3.4	0.06
WTRCDD027	335	336	1500	527	991	6.6	0.09
WTRCDD027	336	337	1350	42.9	2330	5.09	0.03
WTRCDD027	337	338	1280	66.5	1960	3.27	0.03
WTRCDD027	338	339	367	38.3	528	1.01	0.02
WTRCDD027	339	340	1150	304	517	2.51	0.03
WTRCDD027	340	341	3750	976	248	1.21	0.03
WTRCDD027	341	342	799	70.2	530	1.62	0.03
WTRCDD027	342	343	1100	376	202	1.83	0.04
WTRCDD027	343	344	456	63.6	207	0.39	0.03
WTRCDD027	344	345	342	67.8	396	0.54	0.03
WTRCDD027	345	346	427	96.6	34.6	0.38	0.02
WTRCDD027	346	347	674	97.8	98.1	0.3	0.02
WTRCDD027	347	348	428	87.5	317	0.64	0.03
WTRCDD027	348	349	1240	975	326	1.56	0.03
WTRCDD027	349	350	32200	10350	682	16.65	0.13
WTRCDD027	350	351	5570	1745	65.6	4.45	0.07
WTRCDD027	351	352	4170	1760	139	8.15	0.04
WTRCDD027	352	353	2860	635	138.5	2.67	0.04
WTRCDD027	353	354	1680	132.5	143.5	0.74	0.02
WTRCDD027	354	355	286	61.2	15.8	0.39	0.02
WTRCDD027	355	356	771	394	97.5	1.01	0.05
WTRCDD027	356	357	1620	312	156.5	3.03	0.06
WTRCDD027	357	358	1080	246	110.5	1.54	0.02
WTRCDD027	358	359	600	122.5	23.4	0.49	0.03
WTRCDD027	359	360	1660	560	108	1.01	0.03
WTRCDD027	360	361	5510	2310	880	4.46	0.08
WTRCDD027	361	362	2690	1255	223	2.05	0.04
WTRCDD027	362	363	3760	1345	995	5.48	0.13
WTRCDD027	363	364	3200	2020	906	9.34	0.07
WTRCDD027	364	365	2480	1130	325	2.79	0.04
WTRCDD027	365	366	2800	1410	141	2.55	0.03
WTRCDD027	366	367	1060	864	75.5	2.33	0.02
WTRCDD027	367	368	7110	851	873	6.21	0.07
WTRCDD027	368	369	387	86.7	128	0.7	0.02
WTRCDD027	369	370	1640	951	2190	11.75	0.26
WTRCDD027	370	371	2370	625	408	4.55	0.04
WTRCDD027	371	372	362	192.5	134.5	1.21	0.03
WTRCDD027	372	373	4030	2150	887	7.13	0.23
WTRCDD027	373	374	11000	5130	3480	20.2	0.25
WTRCDD027	374	375	6660	2570	8900	30.2	0.16
WTRCDD027	375	376	3900	2190	1730	8.68	0.1
WTRCDD027	376	377	340	129	16.8	0.32	0.01
WTRCDD027	377	378	776	398	112	0.89	0.02
WTRCDD027	378	379	717	60.4	18.8	0.51	0.02
WTRCDD027	379	380	400	36.9	76	0.39	0.02
WTRCDD027	380	381	308	151	23.6	0.91	0.03
WTRCDD027	381	382	589	668	53.1	3.86	0.02
WTRCDD027	382	383	582	308	12.2	0.61	0.03

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD027	383	384	1260	1135	1005	8.53	0.03
WTRCDD027	384	385	486	375	39.3	1.42	0.04
WTRCDD027	385	386	3730	4890	79.3	4.88	0.05
WTRCDD027	386	387	1030	267	60.6	1.07	0.03
WTRCDD027	387	388	635	173	57.7	0.81	0.02
WTRCDD027	388	389	1060	158	72.9	1.13	0.03
WTRCDD027	389	390	137	57.8	15.2	0.26	0.01
WTRCDD027	390	391	442	108.5	81.4	0.7	0.02
WTRCDD027	391	392	1620	438	92.7	1.51	0.04
WTRCDD027	392	393	5300	1480	50.1	2.16	0.05
WTRCDD027	393	394	1680	723	36.6	1.35	0.04
WTRCDD027	458	459	2350	738	112.5	1.65	0.01
WTRCDD027	459	460	6420	2110	107.5	2.1	0.01
WTRCDD027	460	461	5890	2440	484	2.83	0.02
WTRCDD027	461	462	11550	3530	51.7	3.24	0.01
WTRCDD027	462	463	24100	14400	209	12.75	0.04
WTRCDD027	463	464	6040	2290	123	2.62	0.02
WTRCDD027	464	465	18250	7330	257	8.06	0.03
WTRCDD027	465	466	18850	6840	118	7.08	0.04
WTRCDD027	466	467	17400	4000	66.7	4.81	0.05
WTRCDD027	467	468	12250	4890	72.7	5.33	0.06
WTRCDD027	468	469	43900	25300	251	25	0.12
WTRCDD027	469	470	7280	4100	139.5	4.46	0.09
WTRCDD027	470	471	15100	5610	216	6.54	0.18
WTRCDD027	471	472	38500	13450	198.5	12.25	0.09
WTRCDD027	472	473	24000	7060	104	8.43	0.06
WTRCDD027	473	474	30800	16050	268	20.3	0.11
WTRCDD027	474	475	48800	38200	368	67	1.35
WTRCDD027	475	476	29900	8670	248	21.6	0.11
WTRCDD027	476	477	39900	4110	310	12.45	0.06
WTRCDD027	477	478	12350	5220	259	6.92	0.05
WTRCDD027	478	479	17650	8640	457	8.36	0.07
WTRCDD027	479	480	9300	5960	137	4.77	0.05
WTRCDD027	480	481	9490	8070	94.9	6.03	0.04
WTRCDD027	481	482	9530	6290	221	5.23	0.06
WTRCDD027	482	483	13300	6430	331	6.57	0.08
WTRCDD027	483	484	4580	3920	37	3.17	0.04
WTRCDD027	484	485	9420	3060	76.3	4.23	0.06
WTRCDD027	485	486	8860	2320	68.5	3.24	0.04
WTRCDD027	486	487	8910	5280	376	8.04	0.06
WTRCDD027	487	488	4040	3840	139	3.66	0.03
WTRCDD027	488	489	9260	3890	252	5.66	0.07
WTRCDD027	489	490	10600	4440	202	5.32	0.14
WTRCDD027	490	491	14250	15100	184.5	15.3	0.14
WTRCDD027	491	492	6470	4020	190	4.82	0.05
WTRCDD027	492	493	2230	2110	27.5	2.12	0.04
WTRCDD027	493	494	8960	3130	203	3.97	0.08
WTRCDD027	494	495	12300	4280	179	5.3	0.05
WTRCDD027	495	496	7270	3900	44.6	4.1	0.05
WTRCDD027	496	497	14800	3590	277	5.47	0.04
WTRCDD027	497	498	11000	4120	151.5	6.26	0.04
WTRCDD027	498	499	17400	4910	59.8	9.32	0.04

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD027	499	500	5730	3510	75.9	5.74	0.02
WTRCDD027	500	501	14200	6230	106	10.35	0.02
WTRCDD027	501	502	10250	3870	155	9.74	0.02
WTRCDD027	502	503	5210	2660	69.5	6.5	0.03
WTRCDD027	503	504	7960	4010	106	7.97	0.04
WTRCDD027	504	505	7830	4780	75.6	7.92	0.03
WTRCDD027	505	506	13700	5770	180	11.15	0.03
WTRCDD027	506	507	5550	2540	229	5.89	0.22
WTRCDD027	507	508	8950	4010	38.6	5.94	0.03
WTRCDD027	508	509	5970	5950	46.5	7.27	0.02
WTRCDD027	509	510	9400	5460	93.8	7.39	0.02
WTRCDD027	510	511	2280	2540	40.6	4.02	0.02
WTRCDD027	511	512	1260	3360	205	5.93	0.03
WTRCDD027	512	513	4760	3770	310	7.59	0.04
WTRCDD027	513	514	3070	2290	267	5.53	0.03
WTRCDD027	514	515	11500	11600	113.5	11.05	0.04
WTRCDD027	515	516	7850	5420	116	6.36	0.04
WTRCDD027	516	517	9610	5980	100.5	5.71	0.04
WTRCDD027	517	518	5140	5190	102.5	6.02	0.05
WTRCDD027	518	519	8020	12800	248	12.85	0.03
WTRCDD027	519	520	4760	1135	331	5.04	0.04
WTRCDD027	520	521	5700	1470	545	4.89	0.05
WTRCDD027	521	522	5420	15400	2410	21	0.04
WTRCDD027	522	523	3890	1435	309	3.25	0.05
WTRCDD027	523	524	2370	1140	508	6.54	0.06
WTRCDD027	524	525	10250	5180	265	12.25	0.03
WTRCDD027	525	526	21000	4880	448	10.4	0.03
WTRCDD027	526	527	2330	656	29.8	1.4	0.01
WTRCDD027	527	528	7450	1140	83.7	2.41	0.01
WTRCDD027	528	529	2040	1350	16.1	2.05	0.01
WTRCDD027	529	530	18000	4080	42	6.27	0.01
WTRCDD027	530	531	7810	1470	38.3	3.43	0.01
WTRCDD027	531	532	3910	235	455	7.88	0.02
WTRCDD027	532	533	5420	1090	826	11.3	0.02
WTRCDD027	533	534	527	153.5	45.3	1.65	0.01
WTRCDD027	534	535	686	748	41.5	1.87	0.01
WTRCDD027	535	536	9840	5470	104	10.35	0.03
WTRCDD027	536	537	1960	3540	110.5	7.14	0.01
WTRCDD027	537	538	9900	2900	31.5	6.26	0.01
WTRCDD027	538	539	2910	1140	23.1	2.97	0.01
WTRCDD027	539	540	4270	358	12.5	1.7	0.02
WTRCDD027	540	541	3150	846	20.3	2.54	0.05
WTRCDD027	541	542	1510	669	16.2	1.7	0.07
WTRCDD027	542	543	1420	401	17.2	1.36	0.04
WTRCDD027	543	544	14200	2690	18.2	7.32	0.08
WTRCDD027	544	545	7800	2050	42	4.58	0.01
WTRCDD027	545	546	3250	994	21.8	3.19	0.01
WTRCDD027	546	547	5420	2720	55.3	7.29	0.01
WTRCDD027	547	548	8450	2590	63	7.33	0.02
WTRCDD027	548	549	6010	1930	82.4	11.6	0.07
WTRCDD027	549	550	7240	6280	95.1	20.3	0.16
WTRCDD027	550	551	4880	1640	59.4	10.45	0.05

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD027	551	552	1520	357	37.7	2.58	0.07
WTRCDD027	552	553	1900	1080	104	4.52	0.04
WTRCDD027	553	554	409	303	40.3	1.65	0.01
WTRCDD027	554	555	323	120	27	0.93	0.01
WTRCDD027	555	556	999	106	18.5	0.66	0.01
WTRCDD027	556	557	3780	156	16.1	2.97	0.01
WTRCDD027	557	558	5150	151	10.1	1.55	0.01
WTRCDD027	558	559	6260	225	9.4	1.41	-0.01
WTRCDD027	559	560	1250	185	16.2	1.15	0.01
WTRCDD027	560	561	1090	203	22.3	1.44	0.01
WTRCDD027	561	562	1120	191	20.2	1.23	0.01
WTRCDD027	562	563	1540	174.5	22.4	0.85	0.01
WTRCDD027	563	564	773	106.5	32.7	0.48	0.01
WTRCDD027	564	565	556	64.2	45.6	0.29	0.01
WTRCDD027	565	566	307	57.2	52.3	0.32	0.02

WTRCDD083	213	214	170	140.5	65.1	9.11	0.03
WTRCDD083	214	215	222	260	87.1	14	0.04
WTRCDD083	215	216	23000	12600	220	203	0.04
WTRCDD083	216	217	11400	3530	74.8	69	0.02
WTRCDD083	217	218	4230	1125	42.2	52.5	0.02
WTRCDD083	218	219	567	273	29.3	30.8	0.01
WTRCDD083	219	220	3140	290	76.1	54.6	0.01
WTRCDD083	220	221	22400	2900	170	94.4	0.14
WTRCDD083	221	222	15900	6880	61.9	64.4	0.07
WTRCDD083	222	223	19650	9680	137.5	150	0.05
WTRCDD083	223	224	26700	8030	186	114	0.08
WTRCDD083	224	225	32700	8670	240	88.5	-0.01
WTRCDD083	225	226	42600	15850	539	137	0.01
WTRCDD083	226	227	67500	25100	449	120	0.02
WTRCDD083	227	228	36300	13550	245	70.9	0.04
WTRCDD083	228	229	14150	3930	119	27.8	0.01
WTRCDD083	229	230	36800	12100	180.5	50.1	0.01
WTRCDD083	230	231	30300	22600	115	53.9	0.01
WTRCDD083	231	232	6740	2200	72.6	12	-0.01
WTRCDD083	232	233	7330	2190	57	8.59	-0.01
WTRCDD083	233	234	9400	2580	66.7	8.46	-0.01
WTRCDD083	234	235	4590	1560	55.1	6.19	0.01
WTRCDD083	235	236	11600	6230	67.7	11	0.01
WTRCDD083	236	237	11550	3900	53.2	8.21	0.01
WTRCDD083	237	238	12300	3700	47.3	7.89	-0.01
WTRCDD083	238	239	5270	2250	44	7.32	-0.01
WTRCDD083	239	240	8480	3050	36.8	6.54	0.01
WTRCDD083	240	241	12150	3950	42.5	8.58	0.01
WTRCDD083	241	242	3930	934	36.5	6.32	0.01
WTRCDD083	242	243	4360	1465	50.6	6.44	0.01
WTRCDD083	243	244	6590	1760	49.1	4.57	0.01
WTRCDD083	244	245	16750	5170	74	6.34	0.01
WTRCDD083	245	246	28700	8970	81	9.07	0.01
WTRCDD083	246	247	9380	3420	44.2	4.27	-0.01
WTRCDD083	247	248	5630	1420	36.7	4.12	-0.01
WTRCDD083	248	249	7170	2290	38.6	14.1	-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD083	249	250	5710	1420	49.1	21	0.01
WTRCDD083	250	251	5260	1500	46.6	10.05	0.01
WTRCDD083	251	252	19650	4160	41.3	7.52	0.01
WTRCDD083	252	253	11250	4080	44.5	7.14	-0.01
WTRCDD083	253	254	13650	3570	62.2	11.3	-0.01
WTRCDD083	254	255	15000	4470	62.9	6.84	0.01
WTRCDD083	255	256	13550	2280	76.3	15.3	0.01
WTRCDD083	256	257	11050	4590	92.6	14.85	0.02
WTRCDD083	257	258	9420	4100	86.7	18.65	0.02
WTRCDD083	258	259	16900	3990	58.6	10.15	0.01
WTRCDD083	259	260	17200	4850	65.6	14.05	0.01
WTRCDD083	260	261	18850	6910	61.9	11.15	0.02
WTRCDD083	261	262	27200	11700	67.4	10.95	0.02
WTRCDD083	262	263	29600	10600	58.4	9.76	0.02
WTRCDD083	263	264	17000	4350	51.7	5.9	0.02
WTRCDD083	264	265	11100	2850	61	7.38	0.02
WTRCDD083	265	266	22500	5390	67.3	12.25	-0.01
WTRCDD083	266	267	10550	2400	50.7	8.34	0.01
WTRCDD083	267	268	5200	2440	79	22	0.02
WTRCDD083	268	269	6460	4180	64.4	12	0.01
WTRCDD083	269	270	7510	3600	66.9	10.35	0.01
WTRCDD083	270	271	11400	3860	56.5	11.65	0.01
WTRCDD083	271	272	8630	2470	49.1	8.02	0.01
WTRCDD083	272	273	4780	2400	40	6.73	0.01
WTRCDD083	273	274	7520	2840	37.3	5.24	0.01
WTRCDD083	274	275	8390	2760	37	4.16	0.01
WTRCDD083	275	276	11600	3110	36.1	3.45	0.01
WTRCDD083	276	277	17350	7230	41.7	5.06	0.01
WTRCDD083	277	278.02	15000	8280	56.1	5.1	0.01
WTRCDD083	278.02	279	25800	9250	81.4	5.78	0.02
WTRCDD083	279	280	37200	11300	118.5	7.64	0.01
WTRCDD083	280	280.63	38300	11500	84.2	7.19	0.01
WTRCDD083	280.63	282	17050	5820	49.6	2.72	0.01

WTRCDD087	146	147	7000	2340	91.4	11.2	0.14
WTRCDD087	147	148	20700	7330	176	7.39	0.01
WTRCDD087	148	149	13200	7080	120	4.56	0.01
WTRCDD087	149	150	18800	6960	187	4.2	0.01
WTRCDD087	150	151	20100	9270	150.5	5.4	0.01
WTRCDD087	151	152	27200	10700	260	4.99	0.01
WTRCDD087	152	152.78	41500	10800	92.5	5.15	0.01
WTRCDD087	152.78	154	5480	2490	125	2.94	0.01
WTRCDD087	154	155.25	12050	4690	88.4	4.71	0.07
WTRCDD087	155.25	156	16500	10550	95.1	7.74	0.04
WTRCDD087	156	157	8400	4180	32	3.22	0.03
WTRCDD087	157	158	21500	8140	38.5	6.17	0.02
WTRCDD087	158	159	25700	8130	42.2	5.22	0.02
WTRCDD087	159	160	4910	1880	24.8	2.52	0.08
WTRCDD087	160	161	6990	2850	88.2	3.18	0.05
WTRCDD087	161	162	5670	2470	30.8	2.72	0.03
WTRCDD087	162	163	24400	6270	39.6	7.34	0.07
WTRCDD087	163	164	56600	442	281	8.52	0.32

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD087	164	164.69	4340	1690	87.1	7.85	0.11
WTRCDD087	164.69	165.9	6810	2750	353	8.21	0.1
WTRCDD087	165.9	167	2080	1435	172	10.3	0.08
WTRCDD087	167	168	2520	2640	151.5	11.15	0.06
WTRCDD087	168	168.85	6320	566	100	7.47	0.11
WTRCDD087	168.85	170	1800	427	15.9	1.77	0.05
WTRCDD087	170	170.58	705	147	12.6	1.16	0.03
WTRCDD087	170.58	171.7	2170	211	30	1.52	0.07
WTRCDD087	171.7	173	4770	1195	87.8	2.94	0.05
WTRCDD087	173	174	1680	252	22.2	0.72	0.02
WTRCDD087	174	175	2950	933	29.4	1.01	0.01
WTRCDD087	175	176	7760	1935	34.8	1.61	0.01
WTRCDD087	176	177	5910	2200	37.7	1.63	0.01
WTRCDD087	177	178	3000	1155	16.5	0.83	0.01
WTRCDD087	178	179	5770	1445	15.9	0.98	0.01
WTRCDD087	179	180	6650	1655	12.5	1.02	0.01
WTRCDD087	246.5	247.5	298	34.4	23.4	0.11	0.01
WTRCDD087	247.5	248.5	430	158	21.8	0.17	0.01
WTRCDD087	248.5	249.5	601	179.5	26.5	0.2	0.01

WTRCDD089	259	260	140	105	62.8	0.22	0.01
WTRCDD089	260	260.79	153	97.3	56.3	0.51	0.03
WTRCDD089	260.79	262	122	95.5	41.8	3.93	0.05
WTRCDD089	262	263	100	46.2	19.1	1.6	0.01
WTRCDD089	263	264	163	46.3	17.2	2.32	0.01
WTRCDD089	264	265.06	108	54.8	19.5	3.82	-0.01
WTRCDD089	265.06	266	105	46.8	20.9	5.93	0.01
WTRCDD089	266	267	160	67	30.4	8.8	-0.01
WTRCDD089	267	268	1580	418	27.7	17.55	-0.01
WTRCDD089	268	269	3960	959	57	79.9	0.01
WTRCDD089	269	270	4190	1610	65.6	53.7	0.01
WTRCDD089	270	271	2910	1540	51.6	30.7	0.01
WTRCDD089	271	272	6250	1950	41.1	22.2	-0.01
WTRCDD089	272	273	5980	1950	42.1	19.8	0.01
WTRCDD089	273	274	6430	1640	36.5	12.85	-0.01
WTRCDD089	274	275	9170	3480	54.2	18.8	-0.01
WTRCDD089	275	276	5770	2530	27.4	10.9	-0.01
WTRCDD089	276	277	8520	3060	41.1	15.95	-0.01
WTRCDD089	277	278	4980	1430	41	11.75	0.01
WTRCDD089	278	279	6000	2700	42	19.3	0.01
WTRCDD089	279	280	5190	2420	40.7	20.5	0.01
WTRCDD089	280	281	3990	1440	24.5	13.45	0.01
WTRCDD089	281	282	3600	1440	22.5	12	0.01
WTRCDD089	282	283	4240	1540	21.4	10.25	-0.01
WTRCDD089	283	284	2350	1140	15.9	8.49	0.01
WTRCDD089	284	285	3280	1300	19.2	10.5	-0.01
WTRCDD089	285	286	3440	1390	18.2	12.1	0.01
WTRCDD089	286	287	2000	742	18.7	10.45	0.01
WTRCDD089	287	288	2330	806	17.7	8.48	-0.01
WTRCDD089	288	289	1750	678	15.6	7.56	-0.01
WTRCDD089	289	290	5540	1740	40.4	24.1	-0.01
WTRCDD089	290	291	3180	1220	29.9	21.2	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD089	291	292	1660	701	23	27.6	-0.01
WTRCDD089	292	293	2710	701	23.7	24.9	0.02
WTRCDD089	293	294	2410	744	37.1	24.6	0.01
WTRCDD089	294	295	3790	995	37.1	20.8	-0.01
WTRCDD089	295	296	3110	837	33.5	17.5	-0.01
WTRCDD089	296	297	2860	817	25.6	14.3	-0.01
WTRCDD089	297	298	1890	561	25.9	12.05	-0.01
WTRCDD089	298	299.3	3100	1280	45.8	21.8	-0.01
WTRCDD089	299.3	300	5020	1100	49	20.5	0.02
WTRCDD089	300	301	4230	1330	37.3	14.3	0.09
WTRCDD089	301	302	3560	2010	38.5	11.45	0.08
WTRCDD089	302	303	7930	5280	62.2	18.95	0.1
WTRCDD089	303	303.74	16000	5960	88.5	16.45	0.07
WTRCDD089	303.74	304.5	55900	18700	222	33.4	0.07
WTRCDD089	304.5	305.37	71800	20900	203	33	0.1
WTRCDD089	305.37	306	13600	2720	55.8	8.89	0.03
WTRCDD089	306	307	22600	4790	99.1	11.2	0.04
WTRCDD089	307	308	34000	11450	111	12.65	0.02
WTRCDD089	308	309	24000	8700	97.7	9.61	0.02
WTRCDD089	309	310	7050	3100	60.5	5.68	-0.01
WTRCDD089	310	311	11800	4600	67.8	6.69	0.02
WTRCDD089	311	312	26300	9680	71	7.63	-0.01
WTRCDD089	312	312.72	19650	6440	60.9	5.78	-0.01
WTRCDD089	312.72	314	17500	5130	73.3	5.48	-0.01
WTRCDD089	314	315	41800	13100	126	8.23	0.01
WTRCDD089	315	316	37900	12850	154.5	8.15	0.01
WTRCDD089	316	317	48800	16050	170	10.35	0.01
WTRCDD089	317	318	37200	11050	143.5	7.93	0.02
WTRCDD089	318	318.64	40600	16150	163	8.47	0.02
WTRCDD089	318.64	320	38400	13600	105	5.81	0.01
WTRCDD089	320	321	26400	11150	79.3	4.71	0.02
WTRCDD089	321	322	20000	9290	73.9	4.33	0.04
WTRCDD089	322	323	13900	14100	252	5.15	0.04
WTRCDD089	323	323.85	1440	1445	957	2.1	0.04
WTRCDD089	323.85	325	22300	7000	264	3.84	0.02
WTRCDD089	325	326	11750	2700	51.3	2.24	0.02
WTRCDD089	326	327	5080	2850	55.9	1.55	0.01
WTRCDD089	327	328	8210	7580	90.3	3.35	0.01
WTRCDD089	328	329	10300	5070	144.5	4.64	0.05
WTRCDD089	329	330	62500	30600	219	15.45	0.06
WTRCDD089	330	331	67000	21200	215	14.45	0.11
WTRCDD089	331	332	67100	25400	1060	34.9	0.22
WTRCDD089	332	333	14600	4990	54.5	4.04	0.03
WTRCDD089	333	334	15450	5790	64	3.59	0.01
WTRCDD089	334	335	10250	3970	42.9	2.37	0.01
WTRCDD089	335	336	9820	4670	50.1	2.47	0.01
WTRCDD089	336	337.4	13900	6750	109	2.9	0.01
WTRCDD089	337.9	339	8920	4520	127	3.25	0.02
WTRCDD089	339	339.6	5110	1415	44.6	1.39	0.01
WTRCDD089	339.7	341	5250	1865	41.9	1.82	0.01
WTRCDD089	341	341.5	8620	4040	40.9	3.27	0.01
WTRCDD089	342.6	344	12250	4620	666	3.93	0.04

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD089	344	345	2110	834	61.6	1.21	0.03
WTRCDD089	345	346	15550	2780	100.5	2.33	0.02
WTRCDD089	346	347	12000	3480	90.6	2.42	0.02
WTRCDD089	347	348	22900	9230	162	4.03	0.04
WTRCDD089	348	349	16750	6000	317	3.43	0.05
WTRCDD089	349	350	5940	2630	180.5	4.55	0.03
WTRCDD089	350	351	1100	394	51.4	3.11	0.02
WTRCDD089	351	352	3420	1435	71.2	1.84	0.02
WTRCDD089	352	353	1810	877	23.8	0.83	0.01
WTRCDD089	353	354	1180	271	34.9	0.68	0.01
WTRCDD089	354	355.1	379	160	327	1.13	0.05

WTRCDD154	205	206	145	53.5	41.7	1.64	0.02
WTRCDD154	206	207	183	65.1	46.9	2.76	0.01
WTRCDD154	207	207.85	996	349	53.8	10.2	0.02
WTRCDD154	207.85	209	16200	5890	71.9	98	0.03
WTRCDD154	209	210	18850	9090	161.5	155	0.02
WTRCDD154	210	211	11850	5940	76	96	0.02
WTRCDD154	211	212	8340	3340	32.7	43.6	0.01
WTRCDD154	212	213	10150	3680	51.3	78.9	0.02
WTRCDD154	213	214	13200	3570	195	130	0.03
WTRCDD154	214	215	11700	2550	48.8	40.6	0.03
WTRCDD154	215	216	6020	942	31.8	18.4	-0.01
WTRCDD154	216	217	15450	4770	186	79.7	0.02
WTRCDD154	217	218	14800	3000	175	115	0.02
WTRCDD154	218	219.3	19600	4400	145	76.5	0.01
WTRCDD154	219.5	219.8	91700	40300	1115	766	0.06
WTRCDD154	219.8	220.7	102000	49600	894	441	0.04
WTRCDD154	221.2	221.8	108500	37900	529	313	0.02
WTRCDD154	221.8	223	26300	11800	154	89.5	0.01
WTRCDD154	223	224	55800	25900	427	205	0.01
WTRCDD154	224	225	15300	5300	120.5	21.5	0.01
WTRCDD154	225	225.8	22300	11550	323	20.8	0.03
WTRCDD154	225.9	226.9	15100	10650	215	15.55	0.01
WTRCDD154	226.9	228	16800	7300	222	11.5	-0.01
WTRCDD154	228	229	11600	4390	129.5	8.81	0.01
WTRCDD154	229	230	17300	5430	213	10.35	-0.01
WTRCDD154	230	231	7490	4100	109.5	7.14	-0.01
WTRCDD154	231	232	10950	3380	95.1	7.19	0.01
WTRCDD154	232	233	5660	2520	82.8	5.7	-0.01
WTRCDD154	233	234	9890	3780	105	7.39	-0.01
WTRCDD154	234	235	6080	2320	93.9	5.97	-0.01
WTRCDD154	235	236	7580	3090	55.3	8.22	-0.01
WTRCDD154	236	237	8630	1920	49.5	6.28	-0.01
WTRCDD154	237	238	15350	5600	51.2	7.7	0.01
WTRCDD154	238	239	5720	2370	32.2	4.15	0.01
WTRCDD154	239	240	12950	4230	40.2	5.34	0.01
WTRCDD154	240	241	30800	11500	121	11.35	-0.01
WTRCDD154	241	242	37900	14000	1340	19.35	0.02
WTRCDD154	242	243	50700	18400	1120	22.5	0.01
WTRCDD154	243	244	17350	8410	108.5	10.3	0.02
WTRCDD154	244	245	20600	9820	76.7	11.6	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD154	245	246	16900	4270	60.9	8.47	-0.01
WTRCDD154	246	247	31000	7390	50.1	8.73	-0.01
WTRCDD154	247	248	13100	5860	41.4	6.47	-0.01
WTRCDD154	248	249	9160	2920	40.3	4.5	0.03
WTRCDD154	249	250	19700	5680	73.9	6.49	0.04
WTRCDD154	250	251	19050	6810	117	8.14	0.03
WTRCDD154	251	252	89100	35600	1020	25.4	0.07
WTRCDD154	252	253	17200	6910	75.5	6.73	0.07
WTRCDD154	253	254	9510	2100	63.4	4.86	0.03
WTRCDD154	254	255	16800	5100	66.4	6.37	0.02
WTRCDD154	255	256	11600	5500	47	5.38	0.01
WTRCDD154	256	257	5480	1220	56.9	4.4	0.01
WTRCDD154	257	257.5	18200	5960	68	7.42	-0.01
WTRCDD154	257.5	258	386	153	23	0.29	-0.01
WTRCDD154	258	259	6170	3530	207	3.4	0.01
WTRCDD154	259	260	5620	3170	116.5	3.65	0.01
WTRCDD154	260	261	8570	3050	381	5.12	0.02
WTRCDD154	261	262	6650	2440	494	4.48	0.01
WTRCDD154	262	263	3530	2840	283	5.2	0.01
WTRCDD154	263	264	7210	2730	302	8.12	0.01
WTRCDD154	264	265	34800	9040	460	11.95	0.04
WTRCDD154	265	266	439	392	48.9	2.84	0.01
WTRCDD154	266	267	3890	2370	484	7.83	0.01
WTRCDD154	267	268	2530	1070	152.5	1.84	0.02
WTRCDD154	268	269	5340	3240	745	8.1	0.07
WTRCDD154	269	270	26900	16000	2160	22.1	0.11
WTRCDD154	270	271	21100	12700	2260	15.15	0.08
WTRCDD154	271	272	5100	3550	842	5.22	0.04
WTRCDD154	272	273	624	251	467	2.73	0.04
WTRCDD154	273	274	809	404	59.5	1.34	0.04
WTRCDD154	274	275	344	212	41.4	0.92	0.03
WTRCDD154	275	276	1820	811	389	2.24	0.04
WTRCDD154	276	277	1130	364	143	1.5	0.04
WTRCDD154	277	278	1320	459	332	1.63	0.04
WTRCDD154	278	279	2810	1550	1700	4.14	0.06
WTRCDD154	279	280	546	312	236	0.96	0.04
WTRCDD154	280	281	198	130	411	1.23	0.03
WTRCDD154	281	282	388	128	185	0.8	0.05
WTRCDD154	282	283	6400	1430	1110	2.98	0.09
WTRCDD154	283	284	1320	635	512	1.63	0.05
WTRCDD154	284	285	4020	3290	630	2.9	0.05
WTRCDD154	285	286.2	3820	770	1280	3.33	0.08
WTRCDD154	286.2	287	207	195.5	195	0.6	0.03
WTRCDD154	287	288	8490	7020	3840	7.75	0.11
WTRCDD154	288	289	18050	2670	1150	2.54	0.03
WTRCDD154	289	290	5040	933	2140	3.83	0.07
WTRCDD154	290	291	11500	3040	2340	4.95	0.09
WTRCDD154	291	292	5940	2440	1120	2.57	0.03
WTRCDD154	292	293	2110	1930	929	1.4	0.02
WTRCDD154	293	294	2040	1280	3050	2.42	0.05
WTRCDD154	294	295	3330	1680	1700	1.69	0.02
WTRCDD154	295	295.9	3430	1990	908	2.43	0.16

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD154	295.9	296.8	2620	5240	3940	7.86	0.36
WTRCDD154	297	298.2	3730	1340	4050	5.67	0.2
WTRCDD154	298.4	299	278	32.1	41.8	0.29	0.02
WTRCDD154	299	300	227	25.1	14.3	0.13	0.01
WTRCDD154	300	301	257	49.8	21.5	0.26	0.01
WTRCDD154	301	301.9	265	60.6	41.5	0.33	0.01

WTRCDD158	125	126	577	2570	54.8	2.26	0.05
WTRCDD158	126	127	1020	6100	121	2.12	0.05
WTRCDD158	127	128	14500	4210	410	7.74	0.13
WTRCDD158	128	129	45100	1375	360	18.05	0.23
WTRCDD158	129	130	23200	2070	328	25	0.3
WTRCDD158	130	131	9110	975	346	11.85	0.08
WTRCDD158	131	132	23800	569	136.5	30.4	0.17
WTRCDD158	132	133	51800	769	253	24.6	0.15
WTRCDD158	133	134	6730	3210	82.4	13.15	0.04
WTRCDD158	134	135	4080	1825	102	8.83	0.05
WTRCDD158	135	136	6390	3860	1010	18.7	0.08
WTRCDD158	136	137	4000	2280	49.1	7.15	0.08
WTRCDD158	137	138	3670	1880	49.5	9.22	0.03
WTRCDD158	138	139	4200	1655	60.3	14.4	0.03
WTRCDD158	139	140	1500	672	43.1	12.4	0.04
WTRCDD158	152	153	6150	1255	58.7	17.75	0.06
WTRCDD158	153	154	21600	356	323	12.7	0.11
WTRCDD158	154	155	15000	2960	348	23.3	0.14
WTRCDD158	155	156	16300	2190	379	17.55	0.16
WTRCDD158	156	157	28100	6800	578	26.7	0.21
WTRCDD158	157	158	14550	1230	111	11.6	0.08
WTRCDD158	158	159	2100	583	34.5	2.17	0.01
WTRCDD158	159	160	18800	656	150	8.66	0.06
WTRCDD158	160	161	17050	1645	114	6.71	0.05
WTRCDD158	161	162	2800	294	199	2.96	0.02
WTRCDD158	162	163	7610	1455	253	5.91	0.06
WTRCDD158	163	164	5910	1890	42.6	4.49	0.01
WTRCDD158	164	165	40000	12750	194	37.3	0.06
WTRCDD158	165	166	2210	730	32.1	2.03	0.01
WTRCDD158	166	167	6760	1935	28	4.41	0.01
WTRCDD158	219.6	221	772	307	29.6	0.4	-0.01
WTRCDD158	221	221.3	507	151	44.6	0.3	-0.01

WTRCDD159	220	221	2950	955	38.4	3.9	0.02
WTRCDD159	221	222	1930	842	29.9	4.01	0.02
WTRCDD159	222	223	653	561	17.5	2.69	-0.01
WTRCDD159	223	224	5770	799	27.1	4.33	0.01
WTRCDD159	224	225	3330	1070	35.2	4.47	0.01
WTRCDD159	225	226	2370	764	49.2	4.1	0.01
WTRCDD159	226	227	2950	1270	61.9	7.12	0.01
WTRCDD159	227	228	4390	1440	35.3	8.27	0.02
WTRCDD159	228	228.72	21100	5310	133	12.85	0.07
WTRCDD159	228.72	230	6760	1470	26	5.07	0.01
WTRCDD159	230	231	5500	1750	23.4	3.59	0.02
WTRCDD159	231	232	14900	5180	78	7.79	0.02

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD159	232	233	11600	3430	61.8	9.48	0.02
WTRCDD159	233	233.7	14700	2780	63.5	9.33	0.02
WTRCDD159	233.7	235	3140	397	23.2	1.31	-0.01

WTRCDD160	242	243	416	184	48.6	2.08	0.01
WTRCDD160	243	244	738	187.5	60	8.11	0.05
WTRCDD160	244	244.6	2640	505	38.3	7.05	0.05
WTRCDD160	244.6	245.4	1940	358	18.2	5.71	0.02
WTRCDD160	245.4	246	1020	358	24.3	4.67	0.01
WTRCDD160	246	247	2030	717	30.5	18.55	0.02
WTRCDD160	247	247.7	4260	1840	33.1	35.8	0.01
WTRCDD160	247.7	249	9470	5150	170.5	184	0.01
WTRCDD160	249	250	5210	1910	174	183	-0.01
WTRCDD160	250	251	7880	2070	80.7	108	0.01
WTRCDD160	251	252	11650	3210	47.6	35.3	0.01
WTRCDD160	252	253	11750	3110	40.6	28.5	0.01
WTRCDD160	253	253.6	96800	29700	102	118	0.01
WTRCDD160	253.6	254	5430	3250	60.2	29.8	0.03
WTRCDD160	254	255	20100	5290	119	49.7	0.05
WTRCDD160	255	256	31100	7490	88.8	46.4	0.04
WTRCDD160	256	257.2	6570	1830	48	10.3	-0.01
WTRCDD160	257.2	258	19200	4400	43.6	18.95	-0.01
WTRCDD160	258	259	15550	4770	77.1	16.3	-0.01
WTRCDD160	259	260	6780	2710	64.2	7.25	-0.01
WTRCDD160	260	261	32900	13700	161.5	21.8	-0.01
WTRCDD160	261	262	32000	15350	202	30.4	0.01
WTRCDD160	262	263	27100	3700	232	28.8	0.03
WTRCDD160	263	264	11450	2810	737	20	0.02
WTRCDD160	264	265	6380	847	220	12.1	0.02
WTRCDD160	265	266	7680	1940	54.3	11.45	0.01
WTRCDD160	266	267	3910	1690	132	9.83	0.02
WTRCDD160	267	268	1120	635	96.5	11.7	0.02
WTRCDD160	268	269	2040	996	57.5	11.85	0.03
WTRCDD160	269	270	9080	1190	50.3	15.15	0.01
WTRCDD160	270	270.95	7420	1830	74.5	20.9	0.02
WTRCDD160	270.95	272	15800	4260	123.5	7.81	0.01
WTRCDD160	272	273	9180	3250	66.2	4.29	0.01
WTRCDD160	273	274	20800	7960	61.7	7.55	0.02

WTRCDD161	211	212	152	44.9	55.1	0.13	0.01
WTRCDD161	212	213	395	90.1	31.8	0.23	0.02
WTRCDD161	213	213.88	214	94.1	25.2	0.22	0.01
WTRCDD161	213.88	215	286	170.5	20.6	0.22	0.01
WTRCDD161	215	216	1240	407	16.3	1.22	-0.01
WTRCDD161	216	217	2870	736	15.2	8.09	0.01
WTRCDD161	217	218	6250	3320	33	40.9	-0.01
WTRCDD161	218	219	4790	4240	64	44.2	0.01
WTRCDD161	219	220	13750	3610	121	45	0.01
WTRCDD161	220	221	9740	2150	91.4	25.9	-0.01
WTRCDD161	221	222	12100	3890	132	47.1	-0.01
WTRCDD161	222	223	9500	2830	78.3	27.4	0.01
WTRCDD161	223	224	4460	1230	43.9	19.9	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD161	224	225	6060	1240	54.3	51.5	0.01
WTRCDD161	225	226	4550	1155	50.3	50.5	0.01
WTRCDD161	226	227	4800	1465	55.4	58.1	-0.01
WTRCDD161	227	228	2070	914	34.7	40.4	-0.01
WTRCDD161	228	229	3900	1480	45.1	32.2	0.01
WTRCDD161	229	230	4840	1235	41.9	17.85	-0.01
WTRCDD161	230	231	7490	2320	73	25.8	-0.01
WTRCDD161	231	232	1770	693	37.9	21.5	0.01
WTRCDD161	232	233	1840	741	32.2	19.3	0.01
WTRCDD161	233	234	2580	902	32.3	13.85	-0.01
WTRCDD161	234	235	4190	1515	34	25.8	-0.01
WTRCDD161	235	236	582	334	19.4	6.66	-0.01
WTRCDD161	236	237	2520	994	42.1	8.24	0.01
WTRCDD161	237	238	2350	889	25.9	9.88	-0.01
WTRCDD161	238	239	2290	967	17.3	9.55	0.01
WTRCDD161	239	240	16300	3250	124	22.6	-0.01
WTRCDD161	240	241	2310	1020	40.3	6.38	-0.01
WTRCDD161	241	242	2300	613	21.8	4.7	-0.01
WTRCDD161	242	243	1480	582	27.5	4.67	0.01
WTRCDD161	243	244	3190	1275	50.2	6.75	-0.01
WTRCDD161	244	245	4340	2090	79.4	5.56	-0.01
WTRCDD161	245	246	4700	1235	85.7	3.35	0.01
WTRCDD161	246	247	3100	1235	38.1	2.58	-0.01
WTRCDD161	247	248	2880	1190	69.8	2.04	0.01
WTRCDD161	248	249	2760	655	58.9	2.28	0.01
WTRCDD161	249	250	2040	1240	41.5	1.02	0.01
WTRCDD161	250	251	3630	653	38.1	1.05	0.01
WTRCDD161	251	252	2210	1660	66	1.82	0.01
WTRCDD161	252	253	4210	1720	86.6	2.33	0.01
WTRCDD161	253	254	599	314	49.8	0.54	-0.01
WTRCDD161	254	255	127	40.1	22.9	0.1	0.01
WTRCDD161	255	256	1380	335	34.9	0.52	0.01
WTRCDD161	256	257	2590	355	25.8	0.73	0.01
WTRCDD161	257	258	2640	545	11.5	0.72	0.01
WTRCDD161	258	259	1770	815	22.6	3.17	0.01
WTRCDD161	259	260	3200	1140	34.2	4.6	0.01
WTRCDD161	260	261	1220	475	24.4	0.73	-0.01
WTRCDD161	261	262	503	163.5	64.1	1.07	0.01
WTRCDD161	262	263	651	396	31.3	0.9	-0.01
WTRCDD161	263	264	636	291	18.8	0.63	0.01
WTRCDD161	264	265	2080	605	10.5	0.62	0.01
WTRCDD161	265	266	888	288	20.8	0.55	0.01
WTRCDD161	266	267	1040	412	39.9	0.75	0.01
WTRCDD161	267	268	1320	441	26.8	0.7	-0.01
WTRCDD161	268	269	811	521	33	0.75	0.01
WTRCDD161	269	270	855	423	21.4	0.56	0.01
WTRCDD161	270	271	569	458	13.6	0.53	-0.01
WTRCDD161	271	272	605	328	30.8	0.56	0.01
WTRCDD161	272	273	2040	792	24.7	0.75	0.01
WTRCDD161	273	274	1400	556	12.9	0.51	0.01
WTRCDD161	274	275	2210	953	32.7	0.79	0.02
WTRCDD161	275	276	4570	339	33.5	0.54	0.03

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD161	276	277	2980	181.5	14.4	0.39	0.02
WTRCDD161	277	278	3190	588	10.8	0.51	0.01
WTRCDD161	278	279	512	370	15.5	0.39	0.01
WTRCDD161	279	280	713	447	55.5	0.58	0.02
WTRCDD161	280	281	268	277	19.2	0.36	0.01
WTRCDD161	281	282	1490	331	26.9	0.52	0.01
WTRCDD161	282	283	368	175.5	20.6	0.38	0.01
WTRCDD161	283	284	177	110	12.9	0.28	0.01
WTRCDD161	284	285	659	171.5	34.6	0.42	0.01
WTRCDD161	285	286	297	169.5	23.6	0.41	0.01
WTRCDD161	286	287	267	217	27.6	0.43	0.01
WTRCDD161	287	288	734	350	49.6	0.59	0.01
WTRCDD161	288	289	514	260	20.9	0.37	0.01
WTRCDD161	289	290	567	248	13.8	0.34	0.01
WTRCDD161	290	291	225	144.5	13.8	0.27	-0.01
WTRCDD161	291	292	1370	539	24.9	0.49	0.01
WTRCDD161	292	293	427	166.5	14.8	0.45	0.05
WTRCDD161	293	294	889	361	19	0.41	0.04
WTRCDD161	294	295	1170	463	21.7	0.55	0.03
WTRCDD161	295	296.12	1870	737	39.4	0.97	0.05
WTRCDD161	296.12	297	2910	743	568	2.07	0.08
WTRCDD161	297	298	1160	2130	13.5	1.1	0.04
WTRCDD161	298	299	908	740	18.6	0.59	0.05
WTRCDD161	299	300	5260	1790	171	1.53	0.05
WTRCDD161	300	301	5250	1280	70.2	1.3	0.05
WTRCDD161	301	302	5880	2500	62.1	1.61	0.04
WTRCDD161	302	303	135	300	14.8	0.42	0.05
WTRCDD161	303	304	11300	4610	1960	6.31	0.07
WTRCDD161	304	305	252	291	21.2	0.37	0.03
WTRCDD161	305	306	14500	834	5620	7.58	0.09
WTRCDD161	306	307.2	3810	7270	6230	8.71	0.11
WTRCDD161	307.2	308.28	4190	2460	7850	9.45	-0.01
WTRCDD161	308.28	309	1370	625	340	0.8	0.04
WTRCDD161	309	310	8270	6520	6460	11.85	-0.01
WTRCDD161	310	311	1620	1250	1630	2.83	0.05
WTRCDD161	311	312	602	155.5	156.5	0.49	0.03
WTRCDD161	312	313	4760	384	1340	2.43	0.04
WTRCDD161	313	314	9560	1720	1470	3.15	0.07
WTRCDD161	314	314.59	117500	16200	921	10.1	0.16
WTRCDD161	314.59	315.58	271000	77100	3800	37.9	0.38
WTRCDD161	315.58	316.3	4460	1340	97.3	0.95	0.03
WTRCDD161	316.3	317	5720	1550	236	1.21	0.04
WTRCDD161	317	318	24700	3940	925	3.77	0.08
WTRCDD161	318	319	2320	820	76.6	0.92	0.04
WTRCDD161	319	320	12500	2170	435	3.11	0.08
WTRCDD161	320	321	12400	2010	467	2.67	0.08
WTRCDD161	321	322	24400	4000	406	3.84	0.06
WTRCDD161	322	323	2510	1030	25	0.7	0.01
WTRCDD161	323	324	3760	1640	43	1.08	0.03
WTRCDD161	324	325	1870	843	26.2	0.58	0.02
WTRCDD161	325	326	268	80.2	5.5	0.11	-0.01
WTRCDD161	326	327	12400	14400	13600	22	0.19

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD161	327	328	5020	671	13250	19.1	0.42
WTRCDD161	328	329	5110	2000	10850	15.4	0.3
WTRCDD161	329	330	452	88.2	3550	4.32	0.06
WTRCDD161	330	331	2120	507	14000	18.55	12.85
WTRCDD161	331	332	7870	2330	40700	54.1	33.6
WTRCDD161	332	333	980	184	858	1.61	0.06
WTRCDD161	333	334	1070	285	1530	2.51	0.07
WTRCDD161	334	335	211	143	755	1.15	0.21
WTRCDD161	335	336	852	177.5	1130	1.95	0.21
WTRCDD161	336	337	4260	189.5	1200	1.4	0.03
WTRCDD161	337	338	969	136	73.4	0.25	0.02
WTRCDD161	338	339	2690	202	75	0.27	0.02
WTRCDD161	339	340	2890	120.5	546	0.87	0.04
WTRCDD161	340	341	2270	38.2	428	0.51	0.06
WTRCDD161	367	368	114	17.6	46.9	0.11	0.05
WTRCDD161	368	369.13	104	22.7	150.5	0.16	0.04
WTRCDD161	369.13	370.13	189	63	1980	1.28	0.08
WTRCDD161	370.13	371	98	35.2	527	0.42	0.07
WTRCDD161	371	372.3	26900	12000	513	76.5	2.9
WTRCDD161	372.3	373.3	104	45.3	52.5	0.13	0.01

WTRCDD162	241	242	208	100.5	65.7	0.18	0.01
WTRCDD162	242	243.14	2360	533	28.1	0.64	0.01
WTRCDD162	243.14	244	14600	3180	28.8	6.3	0.03
WTRCDD162	244	245	17550	3700	38.2	19.1	0.01
WTRCDD162	245	246	10550	3660	41.6	47.8	-0.01
WTRCDD162	246	247	8570	3080	37.5	54	0.06
WTRCDD162	247	248	6410	3260	32.1	64.5	0.04
WTRCDD162	248	248.95	4180	1440	32.6	53.8	0.08
WTRCDD162	248.95	250	3030	2820	82.3	97	0.01
WTRCDD162	250	251	5670	2690	70.8	53	-0.01
WTRCDD162	251	252.21	12300	3240	101	44.5	0.01
WTRCDD162	252.21	253.21	4270	1850	52.3	10.45	0.01
WTRCDD162	253.21	254	5080	2250	59.2	7.73	-0.01
WTRCDD162	254	255	5610	2340	59.7	6.91	0.01
WTRCDD162	255	256	5090	2030	62	5.4	-0.01
WTRCDD162	256	257	15600	6640	114.5	10.8	-0.01
WTRCDD162	257	258	6410	2510	56	6.11	-0.01
WTRCDD162	258	259	12200	5330	57.4	6.68	-0.01
WTRCDD162	259	260	5400	2550	49.5	4.22	-0.01
WTRCDD162	260	261	6650	5690	63.1	5.79	-0.01
WTRCDD162	261	262	14350	4630	82.8	5.75	-0.01
WTRCDD162	262	263	4320	1680	24.7	2.81	0.01
WTRCDD162	263	264	7650	2930	11.7	4.3	-0.01
WTRCDD162	264	265	8850	3440	11.2	5.38	0.01
WTRCDD162	265	266	21400	8620	42	17.65	0.01
WTRCDD162	266	267.1	9950	3900	13.2	7.4	0.01
WTRCDD162	267.1	268.5	3930	1880	9.1	4.09	-0.01
WTRCDD162	268.5	269.36	19650	6760	27.6	8.86	0.01
WTRCDD162	269.36	270	469	110	4.6	0.42	-0.01
WTRCDD162	270	271	4320	278	10.4	2.17	0.01
WTRCDD162	271	272	12600	5370	9.1	6.55	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD162	272	273	14550	5720	70.1	12.15	0.01
WTRCDD162	273	274	7930	3020	26.1	6.32	-0.01
WTRCDD162	274	275	5770	2060	45.5	5.15	0.01
WTRCDD162	275	276	1380	562	16.5	1.83	-0.01
WTRCDD162	276	277	1330	552	20.6	1.69	-0.01
WTRCDD162	277	278	1580	737	31.9	1.28	-0.01
WTRCDD162	278	279	2610	859	16.1	1.94	-0.01
WTRCDD162	279	280	3030	1420	16.7	1.61	0.01
WTRCDD162	280	281	8630	1950	147	2.06	0.03
WTRCDD162	281	282.4	1610	584	25.1	0.77	0.01
WTRCDD162	282.4	283	2120	1140	440	1.82	0.02
WTRCDD162	283	284	601	352	34.1	0.33	0.01
WTRCDD162	284	285	9490	775	532	4.21	0.07
WTRCDD162	285	286	3770	1210	30.5	1.03	0.02
WTRCDD162	286	287	2840	1180	21	0.75	0.02
WTRCDD162	287	288	3370	1060	125	1.22	0.02
WTRCDD162	288	289	1700	984	83.6	1.01	0.02
WTRCDD162	289	290	2320	1340	43.1	0.92	0.02
WTRCDD162	290	291	1810	837	34.2	0.69	0.02
WTRCDD162	291	292	359	279	40.5	0.4	0.02
WTRCDD162	292	293	610	288	148	0.62	0.03
WTRCDD162	293	294	1140	305	30.4	0.33	0.02
WTRCDD162	294	294.6	544	172.5	31.3	0.17	0.02
WTRCDD162	294.6	296	4310	1240	609	2.8	0.08
WTRCDD162	296	297	9470	1700	383	2.15	0.06
WTRCDD162	297	298	11100	4920	503	2.35	0.09
WTRCDD162	298	299	1620	230	75	0.35	0.02
WTRCDD162	299	300	901	545	7.7	0.24	0.02
WTRCDD162	300	301	951	264	30.9	0.18	0.01
WTRCDD162	301	302	1960	622	7	0.92	0.01
WTRCDD162	302	303	848	215	14.3	0.38	0.02
WTRCDD162	303	304	240	76.3	10.3	0.18	0.03
WTRCDD162	304	304.4	714	806	16.4	1.32	0.03
WTRCDD162	304.9	306	187	20.1	16.8	0.11	0.03
WTRCDD162	306	307	1050	386	19350	9.54	2.28
WTRCDD162	307	308	1020	132.5	1195	1.08	0.22
WTRCDD162	308	309	304	95.2	119.5	0.3	0.05
WTRCDD162	309	310	310	69.8	23.1	0.29	0.05
WTRCDD162	310	311	287	21.4	178	0.15	0.06
WTRCDD162	311	312	235	18.3	299	0.19	0.04
WTRCDD162	312	313	235	30.5	287	0.21	0.03
WTRCDD162	313	314	177	34.1	45.2	0.09	0.03
WTRCDD162	314	315	160	33.7	13	0.07	0.05
WTRCDD162	315	316	169	38.5	12.6	0.08	0.03
WTRCDD162	316	317	253	41.9	31.1	0.09	0.02
WTRCDD162	317	318	317	131	204	0.36	0.05
WTRCDD162	318	319	204	11.8	24.9	0.04	0.01
WTRCDD162	319	320	274	74.3	1490	0.7	0.04
WTRCDD162	320	321	232	30.6	9	0.09	0.03
WTRCDD162	321	322	493	97.1	9.8	0.09	0.01
WTRCDD162	322	323	309	95.1	6.8	0.1	0.01
WTRCDD162	323	324	294	24.1	35.3	0.11	0.02

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD162	324	325	317	28.6	18	0.08	0.02
WTRCDD162	325	326	486	117	11.8	0.09	0.01
WTRCDD162	326	327	260	34.1	11.3	0.1	0.02
WTRCDD162	327	328	476	188.5	26	0.15	0.02
WTRCDD162	328	329	561	111.5	14.6	0.09	0.01
WTRCDD162	329	330	476	143	21.5	0.14	0.01
WTRCDD162	330	331	1340	341	26.4	0.26	0.03
WTRCDD162	331	332	306	226	10.9	0.12	0.01
WTRCDD162	332	333	970	493	15.6	0.23	0.01
WTRCDD162	333	334	760	297	22.1	0.18	0.01
WTRCDD162	334	335	1380	333	9	0.19	0.01
WTRCDD162	335	336	3910	657	21.6	0.32	0.01
WTRCDD162	336	337	225	232	24.2	0.16	0.01
WTRCDD162	337	338	2330	729	21.2	0.38	0.01
WTRCDD162	338	339	666	184.5	9.9	0.2	0.01
WTRCDD162	339	340	653	166.5	15.8	0.19	0.01
WTRCDD162	340	341	266	29.7	10.1	0.16	0.02
WTRCDD162	341	342	395	33.2	21.6	0.16	0.02
WTRCDD162	342	343	2830	535	162.5	0.56	0.04
WTRCDD162	343	344	1130	405	1160	1.08	0.03
WTRCDD162	344	345	4570	1310	83.1	0.83	0.03
WTRCDD162	345	346	2640	290	145.5	0.6	0.03
WTRCDD162	346	347	5370	1390	1100	2.5	0.21
WTRCDD162	347	348	22200	1980	9430	6.56	0.52
WTRCDD162	348	349	5900	301	5380	2.69	0.58
WTRCDD162	349	350	1440	174.5	900	0.69	0.1
WTRCDD162	350	351	347	77.9	26.8	0.09	0.02
WTRCDD162	351	352	2430	123.5	512	0.45	0.24
WTRCDD162	352	353.4	1330	838	126	0.86	0.24
WTRCDD162	353.4	354.8	2300	601	28700	13.95	0.7
WTRCDD162	354.8	356	4940	338	66	0.52	0.1
WTRCDD162	356	357	340	71.4	21.6	0.18	0.03
WTRCDD162	357	358	1210	218	44.9	0.46	0.03
WTRCDD162	358	359	101	20.5	29	0.21	0.03
WTRCDD162	359	360	103	32.1	245	0.46	0.07
WTRCDD162	360	361	92	84.6	277	0.51	0.1
WTRCDD162	361	362	79	114.5	4300	1.79	0.36
WTRCDD162	362	363	256	63.6	1530	0.66	0.47
WTRCDD162	363	364	138	18.2	178	0.11	0.13
WTRCDD162	364	365	231	36	5930	1.1	1.88
WTRCDD162	365	366	493	29.9	163.5	0.12	0.12
WTRCDD162	366	367	688	228	114	0.16	0.09
WTRCDD162	367	367.5	628	316	93.1	0.39	0.34
WTRCDD162	367.5	368	652	408	724	0.66	0.27
WTRCDD162	368	369.4	77	40.1	509	0.26	0.12
WTRCDD162	369.4	370.8	88	22.9	55.5	0.1	0.05
WTRCDD162	370.8	372	67	16.8	17.7	0.08	0.04
WTRCDD162	372	373	67	19.7	35.4	0.08	0.04
WTRCDD162	373	374	86	24.1	112.5	0.13	0.04
WTRCDD162	374	375	259	113	67.6	0.14	0.03
WTRCDD162	375	376	74	20.4	34.6	0.07	0.03
WTRCDD162	376	377	883	174.5	654	0.43	0.04

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD162	377	378.36	71	32.9	193	0.16	0.06
WTRCDD162	378.36	379	61	33	253	0.21	0.05
WTRCDD162	379	380	116	37.6	480	0.32	0.06
WTRCDD162	380	381	53	17.3	29.6	0.07	0.03
WTRCDD162	381	382	53	18.9	121	0.12	0.03
WTRCDD162	382	383.4	74	28.3	21.5	0.08	0.02
WTRCDD162	383.4	384.7	119	46.6	19.3	0.13	0.02

WTRCDD166W1	406	407	2140	906	75.8	8.71	0.01
WTRCDD166W1	407	408	22800	9300	215	37.2	0.01
WTRCDD166W1	408	408.9	44100	15200	147.5	102	0.05
WTRCDD166W1	408.9	410	131500	47700	281	119	0.02
WTRCDD166W1	410	411	29900	13500	275	82.6	-0.01
WTRCDD166W1	411	411.75	51400	21900	237	52.7	0.02
WTRCDD166W1	411.75	413	86800	21300	409	72.7	0.02
WTRCDD166W1	413	414	48700	13500	366	47.8	0.01
WTRCDD166W1	414	415	30600	10250	350	33.6	0.02
WTRCDD166W1	415	416	21600	10100	162	22.3	0.01
WTRCDD166W1	416	417	21400	8890	102	17.9	0.01
WTRCDD166W1	417	418	28200	11600	140.5	23.5	0.02
WTRCDD166W1	418	419	19850	7600	209	17.1	0.01
WTRCDD166W1	419	420	22100	6550	244	21.9	-0.01
WTRCDD166W1	420	421	29700	12050	337	27.1	0.01
WTRCDD166W1	421	422	24000	13950	112	22.5	-0.01
WTRCDD166W1	422	423	22600	7440	168.5	10.95	0.01
WTRCDD166W1	423	424	35500	16600	454	17	0.01
WTRCDD166W1	424	425	57400	31200	455	27.3	0.02
WTRCDD166W1	425	426	36200	17600	380	14.8	0.01
WTRCDD166W1	426	427	34400	14450	308	10.9	0.01
WTRCDD166W1	427	428	27800	15250	174.5	8.83	0.01
WTRCDD166W1	428	429	19350	7360	267	5.46	0.01
WTRCDD166W1	429	430	11150	7360	161	6.95	0.02
WTRCDD166W1	430	431	3760	913	408	3.41	0.01
WTRCDD166W1	431	432	23500	7560	402	7.42	0.01
WTRCDD166W1	432	433	4710	3940	37.7	4.06	0.01
WTRCDD166W1	433	434	5940	2040	27.6	2.95	0.01
WTRCDD166W1	434	435.3	5110	686	29.2	3.74	0.01
WTRCDD166W1	435.3	436	448	114.5	11.1	0.92	-0.01
WTRCDD166W1	436	437	6030	2580	56.7	7.39	0.01
WTRCDD166W1	437	438	5980	2780	253	27.2	0.04
WTRCDD166W1	438	439	925	308	83.1	7.39	0.03
WTRCDD166W1	439	439.9	30500	1510	350	83.1	0.05
WTRCDD166W1	439.9	441	2730	3250	1230	222	0.1
WTRCDD166W1	441	442.3	18750	7320	2200	175	0.13
WTRCDD166W1	442.3	443	69000	13500	601	50.8	0.03
WTRCDD166W1	443	444	124000	18300	817	57.5	0.01
WTRCDD166W1	444	445	116000	33500	751	104	0.05
WTRCDD166W1	445	446	88400	31100	396	98.4	0.05
WTRCDD166W1	446	447	56700	16500	471	82.8	0.06
WTRCDD166W1	447	448	21500	5110	1210	40	0.25
WTRCDD166W1	448	449	2150	2580	618	31.1	0.11
WTRCDD166W1	449	450	15150	3330	1070	27.1	0.07

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD166W1	450	451	26800	5420	273	14.5	0.02
WTRCDD166W1	451	451.6	25600	10400	63.9	12.6	0.01
WTRCDD166W1	451.6	452	43300	15650	208	19.2	0.03
WTRCDD166W1	452	453	65200	15700	149	22.5	0.04
WTRCDD166W1	453	453.65	57900	19950	110.5	18.65	0.02
WTRCDD166W1	453.65	454.45	14550	4280	247	26.1	0.05
WTRCDD166W1	454.45	455	43200	11500	151	22.3	0.02
WTRCDD166W1	455	456	26500	10650	181.5	24.9	0.02
WTRCDD166W1	456	457	31500	8580	524	21.6	0.02
WTRCDD166W1	457	457.4	40600	14950	416	18.2	0.01
WTRCDD166W1	457.4	458	1320	289	21.6	2.83	0.01
WTRCDD166W1	458	459	1510	360	55.4	3.46	0.01
WTRCDD166W1	459	460	2780	407	42.1	4.59	0.01
WTRCDD166W1	460	461	512	153	24.6	2.55	-0.01
WTRCDD166W1	461	461.7	586	296	16.4	1.18	-0.01
WTRCDD166W1	461.7	463	777	207	29.4	4.77	0.01
WTRCDD166W1	463	464	27400	8280	45.2	9.79	0.01
WTRCDD166W1	464	465	10450	3710	91.1	16.35	0.02
WTRCDD166W1	465	466	38200	11850	202	14	0.01
WTRCDD166W1	466	467	40400	16000	328	12.8	0.01
WTRCDD166W1	467	468	6460	2980	187	6.16	0.01
WTRCDD166W1	468	469	35000	12000	281	9.3	0.01
WTRCDD166W1	469	470	51000	17450	359	12.8	0.01
WTRCDD166W1	470	471	54100	21400	444	10.5	0.01
WTRCDD166W1	471	472	51200	16500	145	7.43	0.01
WTRCDD166W1	472	473	53000	17900	149	9.01	0.01
WTRCDD166W1	473	474	37300	13600	285	7.41	0.01
WTRCDD166W1	474	475	26200	9710	287	4.4	0.01
WTRCDD166W1	475	476	25900	8270	178	2.73	-0.01
WTRCDD166W1	476	477	27200	11400	362	3.13	-0.01
WTRCDD166W1	477	478	67700	16400	73.1	3.84	0.01
WTRCDD166W1	478	479	22000	14250	29.7	3.19	-0.01
WTRCDD166W1	479	480	46300	13000	56.8	3.49	0.01
WTRCDD166W1	480	481	69800	21300	99.3	4.81	0.01
WTRCDD166W1	481	482	48500	12800	63.7	3.16	0.01
WTRCDD166W1	482	483	26700	12250	52.2	2.94	0.01
WTRCDD166W1	483	484	33700	26500	63.3	6.12	0.02
WTRCDD166W1	484	485	38000	17950	44.6	4.56	0.02
WTRCDD166W1	485	486	1730	416	20.3	0.87	0.01
WTRCDD166W1	486	487	21500	3790	31.9	2.12	0.02
WTRCDD166W1	487	488	15250	8260	35.6	3.78	0.02
WTRCDD166W1	488	489	17750	14900	44.1	6.22	0.03
WTRCDD166W1	489	490	3030	4570	34.6	6.06	0.04
WTRCDD166W1	490	491	8800	3790	36.4	6.25	0.04
WTRCDD166W1	491	492	34100	12550	67.1	6.33	0.01
WTRCDD166W1	492	493	31000	10200	67	4.93	0.02
WTRCDD166W1	493	494	27200	10200	36.4	4.43	0.02
WTRCDD166W1	494	495	14700	4540	29.8	2.97	0.03
WTRCDD166W1	495	496	1600	657	20.8	1.8	0.03
WTRCDD166W1	496	497	1360	204	19.2	3.05	0.03
WTRCDD166W1	497	498	1020	162	67.1	1.61	0.03
WTRCDD166W1	498	498.5	1440	290	655	3.64	0.06

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD166W1	498.5	499	917	267	42.6	5.71	0.14
WTRCDD166W1	499	500	549	214	30.2	3.22	0.07
WTRCDD166W1	500	501	744	299	38.4	4.76	0.14
WTRCDD166W1	501	502	584	286	67.9	12.3	0.31
WTRCDD166W1	502	503.3	914	317	52.2	7.76	0.33
WTRCDD166W1	503.3	504	1420	1070	971	9.53	0.28
WTRCDD166W1	504	505	467	383	2530	8.14	0.22
WTRCDD166W1	505	506	328	167	40.3	3.01	0.1
WTRCDD166W1	506	507	414	336	3760	6.23	0.16
WTRCDD166W1	507	508	146	119	324	3.33	0.07
WTRCDD166W1	508	509	220	99	1495	3.08	0.06
WTRCDD166W1	509	510	157	133	4250	4.96	0.29
WTRCDD166W1	510	511	434	202	11400	7.84	0.15
WTRCDD166W1	511	512.1	491	152.5	2190	7.55	0.09
WTRCDD166W1	512.1	513	220	114.5	1485	3.71	0.05
WTRCDD166W1	513	514	236	126	2980	9.29	0.09
WTRCDD166W1	514	515	285	340	2730	5.36	0.1
WTRCDD166W1	515	516	237	73.4	423	2.7	0.07
WTRCDD166W1	516	517	233	102.5	410	2.76	0.1
WTRCDD166W1	517	518	297	136.5	1040	3.12	0.13
WTRCDD166W1	518	519	233	243	1495	2.74	0.19
WTRCDD166W1	519	519.9	915	142.5	6680	5.27	0.15

WTRCDD167	345	346	865	216	31.6	4.59	0.02
WTRCDD167	346	347	5650	3170	153	11.95	0.02
WTRCDD167	347	348	592	350	28.1	4.92	0.01
WTRCDD167	348	349	2590	1060	37.1	8.79	0.02
WTRCDD167	349	350	1600	696	37.2	7.93	0.02
WTRCDD167	350	351	6380	3130	110	16.95	0.03
WTRCDD167	351	352	4030	2040	92.1	13.8	0.04
WTRCDD167	352	353	884	408	23.5	4.36	0.01
WTRCDD167	353	354	987	601	26.9	4.94	0.02
WTRCDD167	354	355	932	481	16.2	3.56	0.02
WTRCDD167	355	356	790	348	14.5	3.78	0.01
WTRCDD167	356	357	1330	717	13.7	4.8	0.01
WTRCDD167	357	358	3560	1520	20.1	8.03	0.04
WTRCDD167	358	359	507	184	12.1	3.94	0.01
WTRCDD167	359	360	949	331	11.5	4.41	0.01
WTRCDD167	360	361	989	389	13.4	4.64	0.02
WTRCDD167	361	362	2000	598	22.1	6.8	0.04
WTRCDD167	362	363	3690	1260	25.6	7.75	0.05
WTRCDD167	363	364	2550	892	29.3	5.35	0.04
WTRCDD167	364	365.29	3580	1600	43.6	6.08	0.04
WTRCDD167	365.29	366	3430	1550	42.8	4.59	0.04
WTRCDD167	366	367	2510	1100	31	3.13	0.03
WTRCDD167	367	368	7220	3820	56.4	5.33	0.05
WTRCDD167	368	369	14800	7960	49.5	7.34	0.05
WTRCDD167	369	370	8250	4430	48.6	6.09	0.04
WTRCDD167	370	371	17350	5060	66.3	4.72	0.04
WTRCDD167	371	372	15500	6510	125.5	6.34	0.05
WTRCDD167	372	373	18350	8510	137.5	8.25	0.07
WTRCDD167	373	374	15700	6950	97.4	6.4	0.07

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)

WTRCDD168	212	212.5	182	66.3	3150	4.18	0.65
WTRCDD168	212.5	213	696	474	22700	28.6	8.7
WTRCDD168	213	214	358	106.5	1650	2.51	0.39
WTRCDD168	214	215	1590	330	221	1.62	0.31
WTRCDD168	215	216	458	164	102	0.95	0.16
WTRCDD168	216	217	268	63.9	339	2	0.15
WTRCDD168	217	218	1740	271	2610	6.18	0.61
WTRCDD168	218	219	8430	1300	1690	6.11	0.68
WTRCDD168	219	220	6600	1870	1490	6.5	0.92
WTRCDD168	220	221	944	248	317	2.45	0.37
WTRCDD168	221	222	13700	1100	1090	5.22	0.92
WTRCDD168	222	223	198	49.5	92.9	0.92	0.13
WTRCDD168	223	224	382	104.5	251	1.69	0.09
WTRCDD168	224	225.3	215	520	80.8	1.72	0.08
WTRCDD168	225.3	226	566	94.7	318	2.64	0.12
WTRCDD168	226	227	572	107	117	2.15	0.23
WTRCDD168	227	228	398	70.6	51.5	1.16	0.07
WTRCDD168	228	229	9390	265	5610	22.2	0.74
WTRCDD168	229	230	1420	353	356	6.82	0.29
WTRCDD168	230	231	4050	583	188	3.89	0.12
WTRCDD168	231	232.22	3390	533	462	5.01	0.21
WTRCDD168	232.22	233	912	167.5	4040	14.55	0.23
WTRCDD168	233	234	685	136	1260	6.49	0.24
WTRCDD168	234	235	590	73.9	29.1	1.6	0.1
WTRCDD168	235	236	464	165	29.8	1.88	0.16
WTRCDD168	236	237	836	122	47.6	2.37	0.09
WTRCDD168	237	238	1260	288	824	5.07	0.07
WTRCDD168	238	239	2950	1030	663	8.04	0.16
WTRCDD168	239	240	1020	477	421	4.83	0.15
WTRCDD168	240	241	8080	1270	802	10.5	0.24
WTRCDD168	241	242	11250	2600	91.7	12.05	0.1
WTRCDD168	242	243	16550	3410	186	10.2	0.14
WTRCDD168	269	270	370	41.8	79.8	1.07	0.07
WTRCDD168	270	271	381	44.9	47.7	0.76	0.04
WTRCDD168	271	272	424	47.6	373	1.76	0.02
WTRCDD168	272	273	635	75.1	113	0.97	0.02
WTRCDD168	273	274	399	45.8	375	2.7	0.09
WTRCDD168	274	275	830	153	3780	17.45	0.31

WTRCDD171	250	251	931	80.6	149.5	1.54	0.14
WTRCDD171	251	252	920	114	403	1.88	0.12
WTRCDD171	252	253	1330	302	284	1.99	0.11
WTRCDD171	253	254	802	51.6	149.5	0.92	0.08
WTRCDD171	254	255	943	72	99.3	1.24	0.08
WTRCDD171	255	256	930	107.5	121	1.48	0.12
WTRCDD171	256	257	1120	107	105	1.74	0.13
WTRCDD171	257	258	1170	102	122	1.69	0.15
WTRCDD171	258	259	658	73.2	31.9	1.29	0.14
WTRCDD171	259	260	758	85.7	467	3.36	0.15
WTRCDD171	260	261	815	241	78.6	2.11	0.21
WTRCDD171	261	262	1080	107.5	23.5	1.37	0.13

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD171	262	263	625	74.1	13.6	0.76	0.07
WTRCDD171	263	264	660	196	29.5	1.06	0.14
WTRCDD171	264	265	710	124	39.3	1.02	0.12
WTRCDD171	265	266	2500	182.5	94.8	1.63	0.14
WTRCDD171	266	267	1190	151.5	95	1.52	0.18
WTRCDD171	267	268	615	80.8	63.8	1.16	0.13
WTRCDD171	268	269	468	66.2	39.2	1.38	0.19
WTRCDD171	269	270	572	85	33.1	1.06	0.12
WTRCDD171	270	271	564	145.5	4650	9.13	0.31
WTRCDD171	271	272	539	75	683	2.17	0.15
WTRCDD171	272	273	773	104	33.1	1.2	0.19
WTRCDD171	273	274	468	62.5	17.3	0.88	0.14
WTRCDD171	274	275	534	49.7	11.5	0.74	0.11
WTRCDD171	275	276	546	41.6	86.4	0.59	0.08
WTRCDD171	276	277	434	79.7	25.4	0.92	0.14
WTRCDD171	277	278	632	81	23.5	1.22	0.21
WTRCDD171	278	279	1160	280	9520	19.05	0.5
WTRCDD171	279	280	624	87	229	1.59	0.16
WTRCDD171	280	281	2400	1130	29.1	1.24	0.05
WTRCDD171	281	282	3690	396	19.6	1.15	0.08
WTRCDD171	282	283	11400	4070	24.6	2.91	0.11
WTRCDD171	283	284	10650	1580	370	2.61	0.19
WTRCDD171	284	285	988	172	107	1.33	0.15
WTRCDD171	285	286	6250	242	139	2.09	0.14
WTRCDD171	286	287	13550	2020	86.1	2.63	0.09
WTRCDD171	287	288	1150	180.5	1110	2.92	0.21
WTRCDD171	288	289	700	157.5	139	1.36	0.17
WTRCDD171	289	290	956	175	396	1.72	0.16
WTRCDD171	290	291	4160	758	139	1.33	0.1
WTRCDD171	291	292	3680	1290	193	1.55	0.1
WTRCDD171	292	293	17600	5190	48.9	2.44	0.08
WTRCDD171	293	294	14550	6040	28.3	2.52	0.05
WTRCDD171	294	295	19150	4500	35.9	2.3	0.07
WTRCDD171	295	296	2190	96.1	169.5	0.71	0.07
WTRCDD171	296	297	527	66.8	109.5	0.54	0.07
WTRCDD171	297	298	2990	2170	21.8	1.26	0.04
WTRCDD171	298	299	1780	1680	15.7	1.18	0.06
WTRCDD171	299	300	545	200	228	2.08	0.16
WTRCDD171	300	301	769	134	361	1.52	0.14
WTRCDD171	301	302	928	71.9	102.5	0.8	0.1
WTRCDD171	302	303	851	191	655	1.44	0.12
WTRCDD171	303	304	572	85.2	94.3	0.73	0.11
WTRCDD171	304	305	757	64.3	17.4	0.37	0.1
WTRCDD171	305	306	1130	146	166	0.83	0.13
WTRCDD171	306	307	1030	101.5	40.4	0.49	0.08
WTRCDD171	307	308	657	85.8	53.1	0.45	0.07
WTRCDD171	308	309	1020	60.4	107	0.33	0.04
WTRCDD171	309	310	418	48.3	29.7	0.55	0.08
WTRCDD171	310	311	2610	103	362	2.11	0.2
WTRCDD171	311	312	284	125.5	422	2.46	0.16
WTRCDD171	312	313	295	107.5	175.5	14.15	0.12
WTRCDD171	313	314	194	140	246	18.7	0.18

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD171	314	315	2110	443	3480	16.7	0.45
WTRCDD171	315	316	83	75.8	52	5.71	0.21
WTRCDD171	316	317	260	527	665	8.19	0.26
WTRCDD171	317	318	583	276	1990	9.8	0.28
WTRCDD171	318	319	221	113.5	791	5.54	0.24

WTRCDD175	210	211	3810	1730	237	3.1	0.13
WTRCDD175	211	212	1440	681	217	2.51	0.14
WTRCDD175	212	213	5010	1760	1420	7.98	0.34
WTRCDD175	213	214	2430	908	158	3.8	0.17
WTRCDD175	214	215	1110	428	36.5	1.47	0.12
WTRCDD175	215	216	943	393	259	1.52	0.15
WTRCDD175	216	217	444	272	925	2.61	0.44
WTRCDD175	217	218	1740	3330	4670	9.92	1.76
WTRCDD175	218	219	994	529	597	3.82	0.25
WTRCDD175	219	220	499	246	602	3.47	0.25
WTRCDD175	220	221	937	122	65.9	2.13	0.1
WTRCDD175	221	221.9	259	180	531	3.46	0.12
WTRCDD175	221.9	223	180	128	57.6	3.13	0.13
WTRCDD175	223	224	679	546	436	6.91	0.13
WTRCDD175	224	224.85	983	265	328	4.37	0.09
WTRCDD175	224.85	226	2770	317	58.9	2.53	0.07
WTRCDD175	226	227	1040	256	189.5	3.87	0.19
WTRCDD175	227	228	433	109	30.2	2.2	0.13
WTRCDD175	228	229	954	185	154.5	2.99	0.15

WTRCDD176	0	6					-0.01
WTRCDD176	6	12					-0.01
WTRCDD176	12	18					-0.01
WTRCDD176	18	24					-0.01
WTRCDD176	24	30					-0.01
WTRCDD176	30	36					-0.01
WTRCDD176	36	42					-0.01
WTRCDD176	42	48					-0.01
WTRCDD176	48	54					-0.01
WTRCDD176	54	60					-0.01
WTRCDD176	60	66					-0.01
WTRCDD176	66	72					-0.01
WTRCDD176	72	78					0.01
WTRCDD176	78	84					-0.01
WTRCDD176	84	90					-0.01
WTRCDD176	90	96					-0.01
WTRCDD176	96	102					-0.01
WTRCDD176	102	108					0.01
WTRCDD176	108	114					0.01
WTRCDD176	114	120					0.01
WTRCDD176	120	126					0.01
WTRCDD176	126	132					0.01
WTRCDD176	132	138					0.01
WTRCDD176	138	144					0.01
WTRCDD176	144	150					-0.01
WTRCDD176	150	156					-0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD176	156	162					-0.01
WTRCDD176	162	168					-0.01
WTRCDD176	168	174					0.01
WTRCDD176	174	180					0.01
WTRCDD176	180	186					0.01
WTRCDD176	186	192					0.01
WTRCDD176	192	193	4500	1610	54.3	1.67	0.01
WTRCDD176	193	194	7580	2190	96.3	2.31	0.02
WTRCDD176	194	195	5270	1700	37.9	1.22	0.01
WTRCDD176	195	196	32500	11550	263	5.18	0.03
WTRCDD176	196	197	6700	1510	104.5	1.26	0.02
WTRCDD176	197	198	3670	896	59.1	0.95	0.01
WTRCDD176	198	199	4280	1120	71.6	1.34	0.01
WTRCDD176	199	200	2810	1040	137.5	1.15	-0.01
WTRCDD176	200	201	7090	1640	28.2	1.78	0.01
WTRCDD176	201	202	5200	1400	42.7	1.4	0.01
WTRCDD176	202	203	7420	1390	73.3	1.42	-0.01
WTRCDD176	203	204	5400	1860	56.2	4.95	0.01
WTRCDD176	204	205	2510	433	17	1.5	0.01
WTRCDD176	205	206	4870	920	32.5	3.74	0.01
WTRCDD176	206	207	1940	460	55.1	4.44	0.02
WTRCDD176	207	208	11750	2540	74.1	5.59	0.02
WTRCDD176	208	209	9610	2570	47.8	3.46	0.02
WTRCDD176	209	210	11150	3450	50.2	2.93	0.01
WTRCDD176	210	211	24700	7170	331	7.71	0.01
WTRCDD176	211	212	7560	2120	79	2.59	-0.01
WTRCDD176	212	213	1880	561	75.2	2.28	-0.01
WTRCDD176	213	214	2840	589	28.6	1.91	-0.01
WTRCDD176	214	215	1960	358	24.1	1.66	-0.01
WTRCDD176	215	216	1320	152.5	15.8	0.91	-0.01
WTRCDD176	216	217	1230	369	44.2	1.7	-0.01
WTRCDD176	217	218	1350	220	62.1	1.94	-0.01
WTRCDD176	218	219	561	175.5	31.7	2.51	0.01
WTRCDD176	219	220	848	179.5	21	1.13	-0.01
WTRCDD176	220	221	1440	394	31.4	1.29	-0.01
WTRCDD176	221	222	1510	392	21.2	1.3	-0.01
WTRCDD176	222	223	1460	435	26.9	1.27	-0.01
WTRCDD176	223	224	3630	1365	20.5	2.69	-0.01
WTRCDD176	224	225	2460	669	17.4	2.07	-0.01
WTRCDD176	225	226	1840	234	11	1.15	-0.01
WTRCDD176	226	227	1770	383	10.1	1.56	-0.01
WTRCDD176	227	228	1340	319	8.7	1.1	-0.01
WTRCDD176	228	229	2860	393	7.9	0.95	-0.01
WTRCDD176	229	230	1300	249	8.7	0.67	-0.01
WTRCDD176	230	231	3210	629	27.2	0.98	-0.01
WTRCDD176	231	232	2100	461	13.5	0.78	-0.01
WTRCDD176	232	233	4730	1245	26	1.34	0.01
WTRCDD176	233	234	938	205	23.4	0.75	0.01
WTRCDD176	234	235	9040	2710	135	2.91	0.02
WTRCDD176	235	236	5360	2110	167.5	2.29	0.01
WTRCDD176	236	237	7340	5490	1195	4.86	0.01
WTRCDD176	237	238	5920	3140	737	4.09	0.02

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD176	238	239	4130	4170	496	3.41	0.01
WTRCDD176	239	240	10700	7520	3190	7.78	0.02
WTRCDD176	240	241	30300	13000	791	10.35	0.02
WTRCDD176	241	242	41200	19450	747	11.95	0.03
WTRCDD176	242	243	16850	6960	361	6.88	0.03
WTRCDD176	243	244	6210	4120	385	4.17	0.02
WTRCDD176	244	245	6650	4090	572	3.99	0.03
WTRCDD176	245	246	3340	2380	378	2.61	0.01
WTRCDD176	246	247	7150	6690	1010	5.79	0.01
WTRCDD176	247	248	26300	9050	268	8.78	0.02
WTRCDD176	248	249	9890	3410	91.3	3.44	0.03
WTRCDD176	249	250	20100	10450	414	9.82	0.03
WTRCDD176	250	251	15750	4490	280	6	0.02
WTRCDD176	251	252	12550	3810	203	4.48	0.03
WTRCDD176	252	253	5840	2640	48.7	3.19	0.03
WTRCDD176	253	254	5410	1790	38	2.4	0.02
WTRCDD176	254	255	4000	1040	23.8	2.09	0.01
WTRCDD176	255	256	2400	717	30.5	1.87	0.02
WTRCDD176	256	257	1500	410	54.7	2.15	0.01
WTRCDD176	257	258	1220	395	23.3	2.1	0.01
WTRCDD176	258	259	7890	2280	25.3	3.86	0.01
WTRCDD176	259	260	5480	1600	21.9	3	0.01
WTRCDD176	260	261	6710	1840	72.6	4.7	0.01
WTRCDD176	261	262	5820	1300	37.8	9.33	0.01
WTRCDD176	262	263	6760	2000	141.5	9.18	0.01
WTRCDD176	263	264	5040	1550	51.1	5.91	0.02
WTRCDD176	264	265	5150	1260	28.4	4.35	0.01
WTRCDD176	265	266	3380	840	16.4	2.94	0.02
WTRCDD176	266	267	2170	366	14.7	1.7	0.02
WTRCDD176	267	268	1580	345	17.2	1.51	0.01
WTRCDD176	268	269	2300	173	14	0.96	0.02
WTRCDD176	269	270	6000	114	6.8	0.6	0.02
WTRCDD176	270	271	4810	175.5	29.3	0.69	0.01
WTRCDD176	271	272	2660	246	61.7	1.06	0.02
WTRCDD176	272	273	5390	475	1130	5.31	0.02
WTRCDD176	273	274	6250	298	212	2.18	0.02
WTRCDD176	274	275	17050	123.5	78.7	0.73	0.01
WTRCDD176	275	276	20200	114.5	24.1	0.5	0.01
WTRCDD176	276	277	7340	69.5	21.6	0.38	0.01
WTRCDD176	293	293.7	4440	169	33	0.73	0.01
WTRCDD176	293.9	294.4	8660	124.5	32.6	0.64	-0.01
WTRCDD176	297	297.4	3510	1090	90.6	2.83	0.03
WTRCDD176	298.1	299	1510	393	19.6	1.46	0.01
WTRCDD176	299	300	1060	136.5	32.6	0.92	0.01
WTRCDD176	300	300.4	3060	575	36.8	2.42	0.08
WTRCDD176	300.6	301.7	3410	457	40.5	2.32	0.05
WTRCDD176	301.9	303.3	5910	804	23.5	2.81	0.04
WTRCDD176	305	306	4360	734	15.6	2.32	0.01
WTRCDD176	306	307	7070	683	17.2	2.48	0.03
WTRCDD176	307	308	6120	671	21.9	3.27	0.02
WTRCDD176	308	308.5	4160	153	30	0.81	0.02
WTRCDD176	308.9	310	4670	91	37.6	0.82	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD176	325	326	439	47	78.5	0.6	0.02
WTRCDD176	326	326.6	450	47.6	56.1	0.74	0.04
WTRCDD176	326.6	327.7	2780	261	43.2	1.22	-0.01
WTRCDD176	327.7	329	558	55.3	75.7	0.72	0.02
WTRCDD176	329	329.9	401	105	216	1.37	0.02
WTRCDD176	329.9	331	1160	38.6	5490	23.6	0.01
WTRCDD176	331	332.15	2210	352	263	2.1	0.03
WTRCDD176	332.15	333	510	43.1	61.5	0.64	0.05
WTRCDD176	333	334	798	60.9	82.7	0.61	0.05
WTRCDD176	334	335	274	45	55.2	0.29	0.02
WTRCDD176	335	336	251	40.8	46.3	0.34	0.01
WTRCDD176	336	337	196	29.5	36.3	0.25	0.01
WTRCDD176	337	337.9	168	27.7	42.5	0.26	0.01
WTRCDD176	337.9	338.6	2040	2130	2750	18.4	0.01
WTRCDD176	338.6	339.55	131	40	42.4	0.29	0.01
WTRCDD176	339.55	340.8	7860	10300	1470	38.6	0.02
WTRCDD176	340.8	342	191	68.9	62.5	0.39	0.01

WTRCDD177	173	174.3	310	131	56.6	3.83	0.02
WTRCDD177	174.3	175	647	155.5	30.9	22.6	0.09
WTRCDD177	175	176	96300	43400	357	55.2	0.06
WTRCDD177	176	177	51600	21200	284	8.36	0.03
WTRCDD177	177	178	25600	9670	256	3.45	0.03
WTRCDD177	178	179	7140	3400	55.9	1.8	0.03
WTRCDD177	179	180	26800	2780	410	4.03	0.1
WTRCDD177	180	181	22900	2970	235	4.8	0.09
WTRCDD177	181	181.5	1570	837	125	3.04	0.1
WTRCDD177	181.5	182	1190	612	348	2.41	0.05
WTRCDD177	182	183.4	4260	1720	110	4.95	0.08
WTRCDD177	183.4	184	1240	516	117.5	2.27	0.02
WTRCDD177	184	185	4440	1130	44.3	5.58	0.06
WTRCDD177	185	185.5	1980	722	34.1	6.02	0.09
WTRCDD177	185.5	186	3130	854	66.8	4.76	0.1
WTRCDD177	186	187.4	10300	2570	83.7	9.56	0.02
WTRCDD177	187.4	188	7230	2670	76	10.35	0.06
WTRCDD177	188	189	4500	2930	153.5	6.67	0.06
WTRCDD177	189	190	24500	12050	255	19.9	0.12
WTRCDD177	190	191	7540	2400	608	8.76	0.07
WTRCDD177	191	192	3410	1190	171.5	3.31	0.03
WTRCDD177	192	193	1470	382	79	1.92	0.02
WTRCDD177	193	194	3780	1110	118	4.83	0.03
WTRCDD177	194	194.5	2930	646	60.2	4.77	0.04
WTRCDD177	194.5	195	1520	261	15.4	3.6	0.04
WTRCDD177	195	196	5800	2170	49.1	13.05	0.09
WTRCDD177	196	197	2650	1510	27.7	9.93	0.09
WTRCDD177	197	198	2990	774	32.1	8.26	0.08
WTRCDD177	198	199	2400	1410	43.8	11.05	0.06
WTRCDD177	199	200	1190	674	26.1	8.01	0.06
WTRCDD177	200	201	317	172.5	15.8	4.59	0.04
WTRCDD177	201	202	311	152.5	19.8	9.99	0.04
WTRCDD177	202	203	693	102	77.3	5.11	0.02
WTRCDD177	203	204	460	146.5	124.5	9.28	0.04

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD177	204	205	5810	1930	139.5	7.3	0.06
WTRCDD177	205	206.3	1650	516	348	6.85	0.05
WTRCDD177	206.3	207	10550	3600	1970	19.9	0.16
WTRCDD177	207	208	14750	4500	749	21.7	0.1
WTRCDD177	208	209	7830	2670	58.6	10.3	0.06
WTRCDD177	209	210	10300	4600	88.8	10.7	0.05
WTRCDD177	210	210.65	9210	2750	466	18.7	0.05
WTRCDD177	210.65	212	779	2070	543	15.9	0.05
WTRCDD177	212	213	812	313	814	7.04	0.03
WTRCDD177	213	214	1810	827	423	3.89	0.04
WTRCDD177	214	215	981	482	464	2.29	0.03
WTRCDD177	215	216	1270	550	772	2.52	0.03
WTRCDD177	216	217	2140	857	798	2.9	0.09
WTRCDD177	217	218	5470	1780	1270	4.26	0.08
WTRCDD177	218	219	3540	304	148.5	2.55	0.02
WTRCDD177	219	220	8570	1650	86.6	2.96	0.01
WTRCDD177	220	221	7540	2570	44.9	29.4	-0.01
WTRCDD177	221	222	6350	2350	29.7	2.11	0.01
WTRCDD177	222	223	5760	761	148	2.35	0.02
WTRCDD177	223	224	19800	4830	196	5.7	0.02
WTRCDD177	224	225	15550	3360	74.7	5.94	0.01
WTRCDD177	225	226	12300	4730	56.2	5.95	0.01
WTRCDD177	226	227	35100	9780	260	10.85	0.02
WTRCDD177	227	228	18750	4570	112.5	10.3	0.01
WTRCDD177	228	229	371	197.5	206	4.65	0.02
WTRCDD177	229	230	643	247	537	3.3	0.03
WTRCDD177	230	231	12450	1530	156	4.65	0.02
WTRCDD177	231	232	2970	501	86.6	5.06	0.02
WTRCDD177	232	233	3480	287	117	4.26	0.02
WTRCDD177	233	234	1620	265	308	3.3	0.02
WTRCDD177	234	235	628	181	172.5	1.66	0.02
WTRCDD177	235	236	4240	148.5	474	1.82	0.02
WTRCDD177	236	237	1280	160	248	1.57	0.03
WTRCDD177	237	238	634	382	301	1.88	0.03
WTRCDD177	238	239	9010	970	345	2.4	0.03
WTRCDD177	239	240	1750	368	665	1.87	0.02
WTRCDD177	240	241	2010	279	242	1.18	0.02
WTRCDD177	241	242	1410	366	323	1.49	0.01
WTRCDD177	242	243	1250	302	241	1.49	0.02
WTRCDD177	243	244	2910	426	561	1.91	0.02
WTRCDD177	244	245	6880	281	330	2	0.03
WTRCDD177	245	246	926	327	1440	3.66	0.09
WTRCDD177	246	247	916	231	560	2.38	0.08
WTRCDD177	247	248	1010	322	532	1.79	0.08
WTRCDD177	248	249	1410	541	106	2.93	0.11
WTRCDD177	249	250	7640	4930	1730	4.99	0.08
WTRCDD177	250	251	471	164.5	271	1.45	0.05
WTRCDD177	272	273	507	102.5	56.3	0.51	0.03
WTRCDD177	273	274	515	156	34.9	0.61	0.04
WTRCDD177	274	274.8	422	100.5	12.3	0.96	0.03

WTRCDD178	0	6					0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD178	6	12					0.01
WTRCDD178	12	18					0.01
WTRCDD178	18	24					0.01
WTRCDD178	24	30					0.01
WTRCDD178	30	36					0.01
WTRCDD178	36	42					0.01
WTRCDD178	42	48					0.01
WTRCDD178	48	54					0.01
WTRCDD178	54	60					0.02
WTRCDD178	60	66					0.02
WTRCDD178	66	72					0.01
WTRCDD178	72	78					0.01
WTRCDD178	78	84					0.01
WTRCDD178	84	90					0.01
WTRCDD178	90	96					-0.01
WTRCDD178	96	102					0.07
WTRCDD178	102	108					0.05
WTRCDD178	108	114					0.05
WTRCDD178	114	120					0.09
WTRCDD178	120	126					0.04
WTRCDD178	126	132					0.01
WTRCDD178	132	138					0.01
WTRCDD178	138	144					0.01
WTRCDD178	144	150					0.01
WTRCDD178	150	156					0.01
WTRCDD178	156	162					0.02
WTRCDD178	162	168					0.02
WTRCDD178	168	174					0.01
WTRCDD178	174	180					0.02
WTRCDD178	180	186					0.02
WTRCDD178	186	192					0.03
WTRCDD178	192	198					0.03
WTRCDD178	198	199	456	41.1	31.1	0.93	0.02
WTRCDD178	199	200	653	82.5	26.5	1.03	0.02
WTRCDD178	200	201	625	61.4	33.5	1.51	0.03
WTRCDD178	201	202	446	34	38.5	0.96	0.03
WTRCDD178	202	203	526	85.9	31.4	1.35	0.02
WTRCDD178	203	204	1220	230	114	2.51	0.05
WTRCDD178	204	205	1150	284	108	1.43	0.03
WTRCDD178	205	206	535	34.4	95	0.57	0.02
WTRCDD178	206	212					0.03
WTRCDD178	212	218					0.03
WTRCDD178	218	224					0.03
WTRCDD178	224	230					0.02
WTRCDD178	230	236					0.01
WTRCDD178	236	242					0.01
WTRCDD178	300	301	2010	688	24.1	1.91	0.01
WTRCDD178	301	302	1360	699	47.9	4.61	-0.01
WTRCDD178	302	302.75	1080	433	52.9	10.65	0.02
WTRCDD178	302.75	304	5590	1350	50.9	2.77	0.01
WTRCDD178	304	305	20500	5150	37.5	11	0.08
WTRCDD178	305	306	8050	3960	117	6.18	0.04

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD178	306	307	24200	11050	150.5	14.2	0.05
WTRCDD178	307	308	17600	6560	176	10.7	0.05
WTRCDD178	308	309	12350	4060	105.5	8.88	0.06
WTRCDD178	309	309.5	4770	1200	27.4	4.77	0.03
WTRCDD178	309.5	310	9260	4210	44.4	8.95	0.04
WTRCDD178	310	311	2910	1350	61.8	4.8	0.03
WTRCDD178	311	312	12950	2890	36.5	8.83	0.06
WTRCDD178	312	313	12900	3150	134.5	9.06	0.04
WTRCDD178	313	314	4560	1880	59.2	6.18	0.04
WTRCDD178	314	315	23800	3980	56.9	12.3	0.1
WTRCDD178	315	316	76800	13150	166.5	36.8	0.22
WTRCDD178	316	316.9	1740	1270	91.6	17.95	0.12
WTRCDD178	317.7	319	510	185	40.1	4.53	0.08
WTRCDD178	319.4	320	20700	4080	184.5	67.2	0.26
WTRCDD178	320	321	5710	1980	137.5	48	0.25
WTRCDD178	321	322	881	166.5	34.2	1.25	0.01
WTRCDD178	322	323	1240	283	42.1	1.59	0.01

WTRCDD179	199	200	40400	18300	372	52.4	0.13
WTRCDD179	200	201	63200	28400	1305	51.5	0.21
WTRCDD179	201	202	29300	11350	3390	54.7	0.41
WTRCDD179	202	203	23000	7250	1115	31.6	0.2
WTRCDD179	203	203.7	28800	9400	3350	69.4	0.33
WTRCDD179	203.8	205	16150	4630	284	29.2	0.3
WTRCDD179	205	206	15450	5590	515	27.6	0.13
WTRCDD179	206	207	32700	12750	1590	51.6	0.3
WTRCDD179	207	208	63200	5580	2680	57.6	0.66
WTRCDD179	208	208.7	26900	2050	1295	24.3	0.24
WTRCDD179	208.9	210	50700	2100	838	24.8	0.15
WTRCDD179	210	211	57400	4490	4000	45	0.17
WTRCDD179	211	212	24500	1105	908	13.4	0.16
WTRCDD179	212	213	19550	3610	2860	28.1	0.24
WTRCDD179	213	214	8110	1375	1940	15.55	0.16
WTRCDD179	214	215	5070	322	795	8.87	0.15
WTRCDD179	215	216	11500	1995	389	17.25	0.15
WTRCDD179	216	217	3420	197.5	1050	19.05	0.08
WTRCDD179	217	218	3470	245	37.3	5.33	0.07
WTRCDD179	218	219	1900	532	51	8.19	0.08
WTRCDD179	219	220	974	257	138	10.7	0.1
WTRCDD179	220	221	2800	496	453	16.1	0.19
WTRCDD179	221	222	1780	589	36.5	8.66	0.18
WTRCDD179	222	223	1230	473	33.3	5.18	0.09
WTRCDD179	223	224	777	312	398	6.29	0.04
WTRCDD179	224	225	2120	410	176	10.1	0.06
WTRCDD179	225	226	1360	333	254	8.17	0.08
WTRCDD179	226	227	46200	15200	315	35.5	0.05
WTRCDD179	227	228	14350	4690	90.3	12.3	0.03
WTRCDD179	228	229	24800	9650	264	19.35	0.08
WTRCDD179	229	230	22300	8490	310	12.5	0.07
WTRCDD179	230	231	31800	5510	7200	29	0.27
WTRCDD179	231	232	3330	820	1135	7.5	0.08
WTRCDD179	232	233.1	1430	808	449	4.52	0.06

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD179	233.3	234.3	3600	639	613	4.26	0.06
WTRCDD179	234.4	235	5710	1600	203	3.35	0.03
WTRCDD179	235	236	5090	1540	223	4.17	0.06
WTRCDD179	236	237	2530	594	109.5	3.27	0.05
WTRCDD179	237	238	2180	1160	458	4.47	0.06
WTRCDD179	238	239	1320	398	256	2.21	0.05
WTRCDD179	301	302	419	112.5	93.5	0.62	0.09
WTRCDD179	302	303	792	80.6	27.7	0.28	0.08
WTRCDD179	303	303.9	359	78.5	47.6	0.19	0.05

WTRCDD184	270	271	1530	513	1720	9.41	0.17
WTRCDD184	271	272	2080	337	5860	11.8	0.25
WTRCDD184	272	273	2400	314	3710	8.11	0.32
WTRCDD184	273	274	522	73.4	344	2.6	0.12
WTRCDD184	274	275	1080	424	4820	18.8	0.3
WTRCDD184	275	276	376	74.3	229	7.54	0.13
WTRCDD184	276	277	344	49.7	1270	5.64	0.07
WTRCDD184	277	278	843	111.5	753	7.9	0.07
WTRCDD184	278	279	907	62.7	40.5	7.88	0.1
WTRCDD184	279	280	1250	120.5	521	8.82	0.14
WTRCDD184	280	281	1650	233	487	16.7	0.13
WTRCDD184	281	282	1000	318	215	16.85	0.12
WTRCDD184	282	283	924	184	90.4	12.85	0.15
WTRCDD184	283	284	20300	330	1290	3.63	0.17
WTRCDD184	284	285	1000	190	166	3.67	0.03
WTRCDD184	285	286	1720	608	1420	9.06	0.06
WTRCDD184	286	287	779	460	921	3.92	0.03
WTRCDD184	287	288	3060	1460	1220	8.9	0.14
WTRCDD184	288	289	8800	951	443	6.84	0.09
WTRCDD184	289	290	6280	397	282	6.03	0.09
WTRCDD184	290	291	4480	460	346	8.25	0.1
WTRCDD184	291	292	3580	495	7150	9.31	0.26
WTRCDD184	292	293	339	95.4	946	1.28	0.18

WTRCDD187	366	367	555	54.7	33.2	3.06	-0.01
WTRCDD187	367	368	803	125	49.8	5.3	-0.01
WTRCDD187	368	369	1300	256	22.4	12.2	-0.01
WTRCDD187	369	370	14400	4360	77.7	96.2	-0.01
WTRCDD187	370	371	15650	5850	105	80.6	0.07
WTRCDD187	371	372	35400	12200	286	419	-0.01
WTRCDD187	372	373	24600	7410	181	122	0.04
WTRCDD187	373	374	4340	1865	58.2	14.75	0.07
WTRCDD187	374	375	8940	4040	1505	34.8	0.11
WTRCDD187	375	376	2420	2100	3550	29.1	0.2
WTRCDD187	376	376.8	3050	1845	2870	11.6	0.1
WTRCDD187	376.9	378	398	420	2680	16.65	0.18
WTRCDD187	378	379	326	90.4	92.1	1.95	0.12
WTRCDD187	379	380	5620	1960	643	5.8	0.07
WTRCDD187	380	381	528	363	704	4.25	0.07
WTRCDD187	381	382	1200	703	529	3.21	0.07
WTRCDD187	382	383	3890	1400	2640	14.15	0.06
WTRCDD187	383	384	8150	1710	6220	24.5	0.27

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD187	384	385	1350	993	534	3.93	0.03
WTRCDD187	385	386	1530	248	1080	4.98	0.06
WTRCDD187	386	387	224	106	104	1.23	0.03
WTRCDD187	387	388	553	455	353	2.5	0.09
WTRCDD187	388	389	782	815	1015	6.7	0.15
WTRCDD187	389	390	2490	2120	1510	6.42	0.13
WTRCDD187	390	391	12200	3420	328	7.29	0.09
WTRCDD187	391	392	23600	4480	752	4.78	0.08
WTRCDD187	392	393	8790	2430	152	2.01	0.02
WTRCDD187	393	394	11350	3950	54.8	2.84	0.02
WTRCDD187	394	395	17350	12650	108	7.1	0.03
WTRCDD187	395	396	18250	7850	65.2	3.21	-0.01
WTRCDD187	396	397	19550	8220	52.5	3.38	0.01
WTRCDD187	397	398	4690	1375	29.8	2	0.03
WTRCDD187	398	399	31200	9210	99.3	8.89	0.07
WTRCDD187	399	400	20900	7010	174	4.76	0.01
WTRCDD187	400	401	30100	14150	141	5.05	0.01
WTRCDD187	401	402	30000	9140	106.5	3.42	0.01
WTRCDD187	402	403	15900	4430	27.7	2.47	0.01
WTRCDD187	403	404	20200	8000	29.8	2.63	0.01
WTRCDD187	404	405	1850	146	25.7	0.53	0.02
WTRCDD187	405	406	6920	170.5	82.5	1.53	0.02
WTRCDD187	406	407	5810	197.5	269	1.96	0.02
WTRCDD187	407	408	890	130	64	0.6	0.02
WTRCDD187	408	409	1060	160.5	17.5	0.24	0.01
WTRCDD187	409	410	777	108.5	10.4	0.15	0.01
WTRCDD187	410	411	433	48	9.2	0.12	0.02
WTRCDD187	411	412	609	111.5	11	0.24	0.02
WTRCDD187	412	413	592	87.6	12.4	0.26	0.03
WTRCDD187	413	414	706	227	43.1	0.54	0.05
WTRCDD187	414	415	273	60.6	19.9	0.39	0.04
WTRCDD187	415	416	91	79.5	19.4	0.28	0.04
WTRCDD187	416	417	3040	1320	40.5	0.63	0.02
WTRCDD187	417	418	5570	2250	16.8	0.78	0.01
WTRCDD187	418	418.5	5370	1485	16.5	0.67	0.02
WTRCDD187	418.5	419	5850	817	11.5	0.44	0.01
WTRCDD187	419	420	16500	5100	19.2	1.11	0.01
WTRCDD187	420	421	7860	3290	17.6	0.98	0.01

WTRCDD188	387	388	176	59.8	51.2	2.42	0.01
WTRCDD188	388	389	353	169	49.2	2.82	-0.01
WTRCDD188	389	389.89	464	216	65.4	6.49	0.01
WTRCDD188	389.89	391	253000	112000	2440	1200	0.1
WTRCDD188	391	391.88	221000	106500	2850	6510	0.12
WTRCDD188	391.88	393	18150	7760	216	276	0.01
WTRCDD188	393	394	30100	13650	245	194	0.09
WTRCDD188	394	395	28900	9030	77.1	32.3	0.02
WTRCDD188	395	396	13400	3580	301	19.5	0.03
WTRCDD188	396	397	9840	1850	639	19.55	0.04
WTRCDD188	397	398	13200	2980	607	17.2	0.02
WTRCDD188	398	399	28100	6380	2350	49.7	0.05
WTRCDD188	399	400	29200	9090	1650	47.4	0.04

Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD188	400	401	13750	4090	791	20.9	0.02
WTRCDD188	401	402.16	11200	3180	460	18.55	0.04
WTRCDD188	402.16	403	278000	104000	4180	401	0.18
WTRCDD188	403	404	197000	68400	4910	282	0.28
WTRCDD188	404	404.43	92200	19450	1775	120	0.37
WTRCDD188	404.43	405	9150	3190	814	43	0.07
WTRCDD188	405	406	5620	1150	27.8	8.7	0.01
WTRCDD188	406	407	8720	1570	52	17.1	0.02
WTRCDD188	407	408	17600	1490	52.1	16.05	0.01
WTRCDD188	408	409	53100	14550	232	40.5	0.01
WTRCDD188	409	410	107500	34400	674	102	-0.01
WTRCDD188	410	411	53700	18500	267	27	-0.01
WTRCDD188	411	412	14750	4640	115	8.23	-0.01
WTRCDD188	412	413	15550	11850	247	12.5	0.01
WTRCDD188	413	414	14650	6670	150.5	8.63	-0.01
WTRCDD188	414	415	11050	4500	70.8	5.31	-0.01
WTRCDD188	415	416	7520	2840	31.4	4.3	-0.01
WTRCDD188	416	417.25	21800	6550	88.3	7.57	0.02
WTRCDD188	417.25	418	77800	25100	371	33.2	0.11
WTRCDD188	418	419	162000	25400	1030	36.1	0.11
WTRCDD188	419	420	48900	9560	513	17.15	0.05
WTRCDD188	420	421	3980	1095	35.7	2.71	0.01
WTRCDD188	421	422	1920	558	14.8	1.81	0.01
WTRCDD188	422	423	627	110.5	20.3	1.46	0.05
WTRCDD188	423	424	12900	3010	780	7.89	0.09
WTRCDD188	424	425	8940	2290	44.2	4.51	0.03
WTRCDD188	425	426	5740	262	23.1	2.03	0.02
WTRCDD188	426	427	17200	1160	90.4	5.78	0.12
WTRCDD188	427	428	339	73.5	12.1	1.27	0.03
WTRCDD188	428	429	903	170.5	13.6	1.55	0.03
WTRCDD188	429	430	11850	5190	61.6	9.42	0.06
WTRCDD188	430	431	16650	11200	63.3	16.05	0.06
WTRCDD188	431	432	53300	18950	80.2	22.8	0.11
WTRCDD188	432	433	74400	21900	253	32.6	0.43
WTRCDD188	433	434	29400	7560	162	14.8	0.37
WTRCDD188	434	435	1210	268	247	1.39	0.06
WTRCDD188	435	436	991	337	1700	2.84	0.08
WTRCDD188	436	437	1650	6840	164	7.21	0.07

WTRCDD188W1	469	470	6810	1735	27.5	12.5	0.01
WTRCDD188W1	470	471	1480	154	12.8	5.97	0.03
WTRCDD188W1	471	472	725	296	15.3	8.01	0.01
WTRCDD188W1	472	473	11650	4770	38.6	41.4	0.02
WTRCDD188W1	473	474	13250	1610	71.8	25.8	0.03
WTRCDD188W1	474	475	154	319	45.8	25.2	0.03
WTRCDD188W1	475	476	196	374	34.5	22.1	0.02
WTRCDD188W1	476	477	7740	1335	43.5	17.7	0.06
WTRCDD188W1	477	478	34100	15750	643	60.4	0.17
WTRCDD188W1	478	479	31900	16350	1240	52.7	0.06
WTRCDD188W1	479	480	22000	9310	153	12.15	0.06
WTRCDD188W1	480	481	15800	4260	195.5	5.04	0.09
WTRCDD188W1	481	482	9550	1760	94.7	6.46	0.06

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD188W1	482	483	14000	3300	155.5	13.35	0.1
WTRCDD188W1	483	484	17950	5690	167	17.65	0.04
WTRCDD188W1	484	485	9610	2610	124.5	11.45	0.04
WTRCDD188W1	485	486	5200	2040	90.7	7.29	0.06
WTRCDD188W1	486	487	25400	10050	283	17.3	0.11
WTRCDD188W1	487	488	16200	7780	98.8	11.7	0.09
WTRCDD188W1	488	489	10350	11450	130	23.2	0.07
WTRCDD188W1	489	490	18150	5900	396	28	0.13
WTRCDD188W1	490	491.37	34800	2800	137	51.3	0.15
WTRCDD188W1	491.37	492	6060	1750	285	176	0.21
WTRCDD188W1	492	493	26300	4190	176	146	0.2
WTRCDD188W1	493	494	24500	2480	272	120	0.16
WTRCDD188W1	494	495.4	22400	3510	347	99	0.21
WTRCDD188W1	495.4	496	34200	9910	113	73.7	0.06
WTRCDD188W1	496	497	65200	21000	88.9	106	0.04
WTRCDD188W1	497	498	80300	29400	573	131	0.02
WTRCDD188W1	498	499	31600	12250	134.5	84.2	0.03
WTRCDD188W1	499	500	57700	17150	152	71.9	0.06
WTRCDD188W1	500	501	44100	14700	207	65.4	0.08
WTRCDD188W1	501	502	38700	8010	87.3	57.6	0.08
WTRCDD188W1	502	503	36500	11900	86.5	47	0.07
WTRCDD188W1	503	504	28600	11000	52.9	40.4	0.04
WTRCDD188W1	504	505	37900	13000	88.9	39.7	0.05
WTRCDD188W1	505	506	66400	19850	169.5	66.8	0.06
WTRCDD188W1	506	507	28100	14900	610	41.7	0.03
WTRCDD188W1	507	508	22200	18550	427	46.6	0.09
WTRCDD188W1	508	509	14450	3120	232	44.6	0.13
WTRCDD188W1	509	510	6180	516	430	21.3	0.05
WTRCDD188W1	510	511	36700	18100	1260	47.6	0.04
WTRCDD188W1	511	512	35000	14600	230	16.5	-0.01
WTRCDD188W1	512	513	42100	14950	159	13.9	-0.01
WTRCDD188W1	513	514	27300	9480	95.7	12.1	-0.01
WTRCDD188W1	514	514.89	91100	35300	185.5	47.1	0.01
WTRCDD188W1	514.89	515.7	12650	5740	102.5	37.4	0.08
WTRCDD188W1	515.7	517	20600	3970	70.5	16	0.02
WTRCDD188W1	517	518	22100	1910	109.5	11.9	0.02
WTRCDD188W1	518	519	5940	1580	31.9	6.29	0.02
WTRCDD188W1	519	520	1920	110.5	40.2	5.28	0.03
WTRCDD188W1	520	521	881	126	148	4.03	0.05
WTRCDD188W1	521	522	396	195	198	6.18	0.07
WTRCDD188W1	522	523	777	306	1290	14.4	0.11
WTRCDD188W1	523	524	371	152.5	78.3	6.01	0.08
WTRCDD188W1	524	525	359	222	35.6	5.48	0.1
WTRCDD188W1	525	526	268	202	1280	7.22	0.17
WTRCDD188W1	526	527	212	158.5	384	6.76	0.1
WTRCDD188W1	527	528	261	139.5	307	7.38	0.09
WTRCDD188W1	528	529	174	133.5	236	4.36	0.09
WTRCDD188W1	529	530	110	91.5	66.2	4	0.07
WTRCDD188W1	530	531	135	113.5	50.9	2.77	0.07
WTRCDD188W1	531	532	141	190.5	154	10.6	0.19
WTRCDD188W1	532	533	216	218	84.4	6.75	0.22
WTRCDD188W1	533	534	329	147.5	70.3	4.66	0.18

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD188W1	534	535	329	149	26	3.16	0.05
WTRCDD188W1	535	536	850	408	5760	13.3	0.2
WTRCDD188W1	536	537	1340	1040	1510	7.92	0.2
WTRCDD188W1	537	537.8	1180	614	2230	8.95	0.25

WTRCDD189	332	333	124	55.7	43.5	0.75	0.02
WTRCDD189	333	334	150	42.7	50.3	0.8	0.02
WTRCDD189	334	335	156	46	67.9	1.26	0.02
WTRCDD189	335	336	3220	1865	352	18.9	0.21
WTRCDD189	345	346	27700	10400	244	18.85	0.19
WTRCDD189	346	347	50200	20200	91.8	29.6	0.24
WTRCDD189	347	348	11050	3990	37.7	5.26	0.08
WTRCDD189	348	349	6490	3400	42.6	5.78	0.08
WTRCDD189	349	350	9690	4650	51.2	8.4	0.09
WTRCDD189	350	351	8560	5980	41.5	9.3	0.08
WTRCDD189	351	352	6770	2600	36.5	4.02	0.04
WTRCDD189	352	353	29800	9950	152	11.4	0.13
WTRCDD189	353	354	42100	14800	257	28.1	0.1
WTRCDD189	354	354.6	24800	7860	166.5	6.93	0.09
WTRCDD189	354.6	356	12250	2310	1405	4.51	0.1
WTRCDD189	356	357	3040	166	265	0.99	0.12
WTRCDD189	357	358.2	5420	459	4170	2.94	0.48
WTRCDD189	358.2	359	4230	251	2420	2.59	0.42
WTRCDD189	359	360	2360	177	1650	2.28	0.5
WTRCDD189	360	361	5790	223	6740	2.64	0.68
WTRCDD189	361	362	1070	86.7	43.3	0.69	0.21
WTRCDD189	362	363	1360	133	1150	1.66	0.46
WTRCDD189	363	364	5010	381	4490	4.87	0.86
WTRCDD189	364	365	6570	437	12350	10.1	0.94
WTRCDD189	365	366	13050	623	7830	13.75	1.04
WTRCDD189	366	367	34300	1280	16150	37.2	2.01
WTRCDD189	367	368.26	5310	207	8390	10.7	0.69
WTRCDD189	368.26	369	2100	224	4650	7.18	0.31
WTRCDD189	369	370	219	37.2	825	0.9	0.05
WTRCDD189	370	371	865	164	10350	12.1	0.39
WTRCDD189	371	372	5940	600	11350	25	0.75
WTRCDD189	372	373	720	203	11050	19	0.25
WTRCDD189	373	374	1130	429	12750	22.1	0.47
WTRCDD189	374	375	1860	406	4870	8.35	0.28
WTRCDD189	375	376	1960	516	6670	7.74	0.26
WTRCDD189	376	377	2540	557	3740	4.22	0.19
WTRCDD189	377	377.9	7130	1030	8290	13.35	0.4
WTRCDD189	377.9	379	11700	1895	11450	26.6	0.64
WTRCDD189	379	380	3900	1065	2510	11.8	0.63
WTRCDD189	380	381	5860	977	2520	22.4	0.62
WTRCDD189	381	382	1480	770	14450	18.2	0.67
WTRCDD189	382	383	2370	745	7460	13.9	1.06
WTRCDD189	383	384	802	723	5830	17.7	0.55
WTRCDD189	384	385	780	534	2740	7.08	0.2
WTRCDD189	385	386	758	234	1215	1.98	0.07
WTRCDD189	386	387	908	200	6150	3.89	0.19
WTRCDD189	387	388	2870	295	1580	2.8	0.13

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD189	388	389	1060	751	3030	5.98	0.24
WTRCDD189	389	390	721	810	10350	8.18	0.31
WTRCDD189	390	391	1100	376	9850	4.2	0.32
WTRCDD189	391	392	709	453	6230	5.66	0.28
WTRCDD189	392	393	851	640	2710	5.87	0.26
WTRCDD189	393	394	10250	522	19600	7.54	1.55
WTRCDD189	394	395	688	185	2720	3.39	0.35
WTRCDD189	395	396	2460	267	5730	3.48	0.26
WTRCDD189	396	397	861	256	11700	5.69	0.18
WTRCDD189	397	398	733	233	11500	3.42	0.12
WTRCDD189	398	399	660	201	9350	2.55	0.1
WTRCDD189	399	400	665	135.5	4460	1.09	0.08
WTRCDD189	400	401	741	167	6480	2.13	0.09
WTRCDD189	401	402	958	336	3960	3.48	0.07
WTRCDD189	402	403	685	194	2960	3.38	0.08
WTRCDD189	403	404	570	202	1535	3.8	0.07
WTRCDD189	404	405	541	229	2210	11.15	0.09
WTRCDD189	405	406	659	328	3290	4.07	0.12
WTRCDD189	406	407	777	484	2790	5.39	0.18
WTRCDD189	407	408	617	200	715	1.66	0.09
WTRCDD189	408	409	825	217	479	3.23	0.11
WTRCDD189	409	410	384	61.9	262	4.51	0.05
WTRCDD189	410	411	960	872	920	2.94	0.07
WTRCDD189	411	412	950	292	1805	4.22	0.12
WTRCDD189	412	413	582	242	225	2.37	0.08
WTRCDD189	413	414	1070	320	913	3.39	0.19
WTRCDD189	414	415	162	57.4	57.7	4.08	0.06
WTRCDD189	415	416	180	49.7	76.7	1.05	0.07
WTRCDD189	416	417	295	115	12.1	2.97	0.06
WTRCDD189	417	418	758	95	12.5	2.98	0.06
WTRCDD189	418	419	1200	180	45.4	2.55	0.05
WTRCDD189	419	420	1170	305	82.4	2.51	0.03
WTRCDD189	420	420.5	1160	211	61.8	2.75	0.03

WTRCDD190	399	400	148	41	44.2	0.96	0.01
WTRCDD190	400	401	150	42.7	46.5	1.21	0.01
WTRCDD190	401	402.28	23600	27000	387	131	0.03
WTRCDD190	402.28	403.4	222000	55900	861	248	0.09
WTRCDD190	403.4	404.36	25800	19550	146	60	0.04
WTRCDD190	404.36	405	199000	95000	1170	218	0.08
WTRCDD190	405	406	119000	68300	540	154	0.07
WTRCDD190	406	407	131000	18200	9060	174	0.07
WTRCDD190	407	408	24900	3540	5670	49.3	0.07
WTRCDD190	408	409	94100	22800	12400	89	0.3
WTRCDD190	409	410	29100	7800	4780	51	0.28
WTRCDD190	410	411	33400	9860	2930	43.5	0.22
WTRCDD190	411	411.57	39300	13000	2000	23.2	0.12
WTRCDD190	411.57	412.11	12400	4760	773	10.1	0.07
WTRCDD190	412.11	413	53600	14800	11000	61.8	0.28
WTRCDD190	413	414	12700	6780	392	8.68	0.07
WTRCDD190	414	415	4900	2370	248	6.34	0.07
WTRCDD190	415	416	6240	3900	728	11.9	0.1

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD190	416	417	19750	7810	1840	16.2	0.17
WTRCDD190	417	418	15200	6130	1350	11.3	0.1
WTRCDD190	418	419	7090	1860	254	5.57	0.07
WTRCDD190	419	420	5800	3110	82.2	5.35	0.03
WTRCDD190	420	421	12250	3890	128	6.49	0.04
WTRCDD190	421	422	13200	4910	92	13.15	0.06
WTRCDD190	422	423	7790	4810	79.9	6.82	0.04
WTRCDD190	423	424	6590	2500	47.9	5.24	0.03
WTRCDD190	424	425	5220	1380	29.4	4.1	0.03
WTRCDD190	425	426	4490	2210	43.6	4.94	0.03
WTRCDD190	426	427.32	15750	2740	45.4	4.74	0.04
WTRCDD190	427.32	428.4	63800	11200	357	8.85	0.08
WTRCDD190	428.4	429.1	32900	4210	2760	31.7	0.53
WTRCDD190	429.1	430.1	57400	6190	3360	32.4	0.39
WTRCDD190	430.1	431	4580	656	109	3.83	0.06
WTRCDD190	431	432	2130	295	137	4.37	0.07
WTRCDD190	432	433	2440	491	150	7.93	0.15
WTRCDD190	433	434	2820	291	112.5	3.1	0.12
WTRCDD190	434	435	1510	293	139.5	5.42	0.24
WTRCDD190	435	436	527	79.5	108	2.25	0.14
WTRCDD190	436	437	467	37.5	46.2	0.6	0.05
WTRCDD190	437	438	536	150	898	5.32	0.18
WTRCDD190	438	439	121	60.6	64.4	0.78	0.06
WTRCDD190	439	440	192	70.5	265	1.28	0.07
WTRCDD190	440	441	129	53.9	38.4	0.67	0.05
WTRCDD190	441	442	117	59.1	36.1	0.99	0.09
WTRCDD190	442	443	255	58.5	178	0.72	0.08
WTRCDD190	443	444	226	48.1	231	0.84	0.1
WTRCDD190	444	444.88	311	112.5	456	1.18	0.17
WTRCDD190	444.88	445.85	493	235	1210	4.44	0.31
WTRCDD190	445.85	447	3460	152	1080	3.07	0.19
WTRCDD190	447	448	3050	324	7590	6.95	0.33
WTRCDD190	448	449.3	3410	1240	14200	19.35	0.51
WTRCDD190	449.3	450	1870	416	1420	15.15	0.21
WTRCDD190	450	451	1520	591	462	8.5	0.23
WTRCDD190	451	452	1220	440	130.5	6.23	0.16
WTRCDD190	452	453	1020	299	185	5.02	0.16
WTRCDD190	453	454	934	288	248	4.29	0.17
WTRCDD190	454	455	996	276	80.2	4.81	0.24
WTRCDD190	455	456	890	273	50.3	4.42	0.25
WTRCDD190	456	457	925	275	32.1	4.71	0.22
WTRCDD190	457	458	760	187.5	34	6.32	0.21
WTRCDD190	458	459	473	115.5	32.7	5.69	0.16
WTRCDD190	459	460	335	64.1	25.4	2.8	0.11
WTRCDD190	460	461	522	75.5	172	2.72	0.07
WTRCDD190	461	461.5	303	66	12.6	3.5	0.04
WTRCDD190	461.5	462	389	76.7	14.9	2.72	0.07
WTRCDD190	462	463	780	227	160	5.69	0.12
WTRCDD190	463	464	635	173.5	42.6	5.2	0.07
WTRCDD190	464	465	392	81.4	278	3.35	0.13
WTRCDD190	465	466	529	154.5	430	8.79	0.19
WTRCDD190	466	467	333	113	766	8.28	0.12

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD190	467	468	559	162.5	20.6	8.65	0.09
WTRCDD190	468	469	758	224	68.5	9.59	0.11
WTRCDD190	469	470	13350	459	91.6	14.15	0.17
WTRCDD190	470	471	1070	321	35.6	7.61	0.11
WTRCDD190	471	472	760	99.9	26.1	3.43	0.05
WTRCDD190	472	473	718	76.6	14.9	2.48	0.05
WTRCDD190	473	474	1180	61.7	241	1.76	0.06
WTRCDD190	474	475	957	98.9	243	3.51	0.1
WTRCDD190	475	476	5840	198.5	512	6	0.1
WTRCDD190	476	477	628	114.5	1280	2.99	0.04
WTRCDD190	477	478	630	276	244	10.6	0.12
WTRCDD190	478	479	635	183.5	208	9.92	0.07
WTRCDD190	479	480	480	258	220	7.9	0.09
WTRCDD190	480	481	584	256	3010	12.2	0.09
WTRCDD190	481	482	513	235	1350	11.85	0.09
WTRCDD190	482	483	355	172	455	6.03	0.06
WTRCDD190	483	484	263	132	1980	7.02	0.03
WTRCDD190	484	485	575	167	523	5.84	0.06
WTRCDD190	485	486	445	237	54.6	9.7	0.07
WTRCDD190	486	487	498	351	46.7	11.3	0.1
WTRCDD190	487	488	405	135.5	29.1	4.24	0.09
WTRCDD190	488	489	424	248	1510	7.84	0.23
WTRCDD190	489	490	517	368	815	11.75	0.15
WTRCDD190	490	491	601	189.5	1340	4.97	0.12
WTRCDD190	491	492	540	322	2540	8.75	0.23
WTRCDD190	492	493	260	216	5210	4.38	0.14
WTRCDD190	493	494	315	84.6	2030	2.58	0.11
WTRCDD190	494	495.2	1720	115.5	6790	5.08	0.07

WTRCDD192	333	334	142	64.1	91.6	0.56	-0.01
WTRCDD192	334	335	124	35.6	58.9	0.61	-0.01
WTRCDD192	335	336	149	23.4	62.8	0.49	-0.01
WTRCDD192	336	337	122	55.9	42.7	0.71	0.02
WTRCDD192	337	338	117	40.8	59.3	0.77	0.02
WTRCDD192	338	339	107	36.7	52.3	0.79	0.01
WTRCDD192	339	340	127	30.3	61.4	1.41	0.01
WTRCDD192	340	341	118	36.7	38.1	0.9	-0.01
WTRCDD192	341	342	125	48.7	46.3	1.17	0.01
WTRCDD192	342	343	126	39.6	48.8	1.16	-0.01
WTRCDD192	343	344	139	42.1	56.5	1.61	0.01
WTRCDD192	344	345	126	50.7	49.8	1.73	0.01
WTRCDD192	345	346	128	49.6	56.8	2.67	0.02
WTRCDD192	346	347.06	119	36.2	41.2	1.85	0.01
WTRCDD192	347.06	348	134	45.9	55.8	3.14	0.04
WTRCDD192	348	349.22	142	122	132.5	17.5	0.42
WTRCDD192	349.22	350	747	2190	2440	188	2.17
WTRCDD192	350	351	963	3750	2130	121	1.07
WTRCDD192	351	351.58	1400	28000	6530	154	0.9
WTRCDD192	351.58	352	75900	90200	25700	376	0.91
WTRCDD192	352	353	202000	92600	7270	301	0.8
WTRCDD192	353	353.88	294000	167000	9040	450	0.65
WTRCDD192	353.88	354.84	21700	114500	22700	380	0.58

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD192	354.84	355.73	5240	29900	15200	184	0.64
WTRCDD192	355.73	357	172000	136000	4970	264	0.47
WTRCDD192	357	358	329000	148500	17550	318	0.43
WTRCDD192	358	359	275000	94700	17500	234	0.65
WTRCDD192	359	360.01	253000	96800	16750	345	0.98
WTRCDD192	360.01	361	8720	2490	830	9.37	0.13
WTRCDD192	361	362	23800	8020	5040	40.4	0.41
WTRCDD192	362	363	55400	26100	824	33	0.34
WTRCDD192	363	364.3	157000	59500	801	45.2	0.33
WTRCDD192	364.3	365	184000	26900	5070	40.1	0.68
WTRCDD192	365	365.39	109000	27500	12700	67.8	1.32
WTRCDD192	365.39	366	33800	17400	6240	37.6	0.99
WTRCDD192	366	367	15700	8730	2760	8.8	0.32
WTRCDD192	367	368	2940	978	2250	5.2	0.18
WTRCDD192	368	369	3420	921	1850	5.2	0.13
WTRCDD192	369	370	29000	5610	9460	21.9	0.82
WTRCDD192	370	371	9140	1265	2040	7.39	0.16
WTRCDD192	371	372	17450	2830	3320	14.55	0.27
WTRCDD192	372	373	4450	1335	229	6.01	0.14
WTRCDD192	373	374	11000	2340	640	10.5	0.33
WTRCDD192	374	375	12050	2370	1290	8.34	0.14
WTRCDD192	375	376	9880	2580	1070	9.04	0.17
WTRCDD192	376	377	6610	2660	2770	16.35	0.28
WTRCDD192	377	378.07	4320	1710	2070	10.35	0.23
WTRCDD192	378.07	379	5150	2390	216	3.43	0.18
WTRCDD192	379	380	47000	14800	4100	17.25	0.42
WTRCDD192	380	380.6	54400	4370	4170	22.7	0.99
WTRCDD192	380.6	381.9	2230	497	11150	21.9	0.22
WTRCDD192	381.9	383	2140	562	1870	7.38	0.4
WTRCDD192	383	384	609	227	427	0.76	0.12
WTRCDD192	384	385	159	87.6	2210	0.6	0.12
WTRCDD192	385	386	1350	157.5	7220	1.81	0.13
WTRCDD192	386	387	279	154.5	12050	3.42	0.24
WTRCDD192	387	388	277	95.6	7600	1.66	0.05
WTRCDD192	388	389	153	87.9	3740	1.12	0.11
WTRCDD192	389	390	333	208	12800	5.08	0.12
WTRCDD192	390	391	183	210	11050	5.35	0.15
WTRCDD192	391	392	235	86.3	13450	2.65	0.15
WTRCDD192	392	393	158	84.8	2920	1.11	0.07
WTRCDD192	393	394	163	142	2390	1.22	0.18
WTRCDD192	394	395	89	105.5	162.5	1.34	0.07
WTRCDD192	395	396	469	204	1200	4.3	0.23
WTRCDD192	396	397.2	667	169	1750	6.42	0.28
WTRCDD192	397.2	398	11300	1385	2190	28.6	0.67
WTRCDD192	398	399	27000	5920	8070	262	2.57
WTRCDD192	399	400	55700	6730	18650	158	0.94
WTRCDD192	400	401	84100	27400	7760	103	0.46
WTRCDD192	401	402	90000	19650	1540	43.4	0.28
WTRCDD192	402	403	39200	39500	14850	265	0.8
WTRCDD192	403	404	38600	15250	8240	57.9	0.41
WTRCDD192	404	405	24400	3340	7300	47.3	0.57
WTRCDD192	405	406	27900	1430	7250	34.1	0.58

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD192	406	407	52100	2720	661	19.7	0.15
WTRCDD192	407	408.2	6030	1540	7760	32.3	0.51
WTRCDD192	408.2	409	2760	1335	8310	40.9	0.81
WTRCDD192	409	410	880	320	9760	19.05	1.09
WTRCDD192	410	411	1020	277	1410	4.62	0.4
WTRCDD192	411	412	932	238	2320	5.36	0.35
WTRCDD192	412	413.2	594	446	6220	10.6	0.71
WTRCDD192	413.2	414	440	112.5	122.5	2.46	0.15
WTRCDD192	414	415	336	79.4	185	1.66	0.23
WTRCDD192	415	416	515	90.2	60.2	2.36	0.38
WTRCDD192	416	417	525	57	91.3	2.3	0.21
WTRCDD192	417	418	584	59.8	771	2.42	0.16
WTRCDD192	418	419	419	66.5	740	2.53	0.15
WTRCDD192	419	420	595	77.4	7470	4.3	0.16
WTRCDD192	420	421	818	101	8650	5.96	0.3
WTRCDD192	421	422	751	406	12950	18.2	1.14
WTRCDD192	422	423	269	102	688	5.91	0.17
WTRCDD192	423	424	505	164	308	5.31	0.17
WTRCDD192	424	425	674	152.5	158.5	3	0.13
WTRCDD192	425	426	524	169.5	52.3	6.08	0.14
WTRCDD192	426	427	351	664	2680	8.32	0.24
WTRCDD192	427	428	305	151.5	2640	9.74	0.18
WTRCDD192	428	429	505	98	662	7.37	-0.01
WTRCDD192	429	430	200	84.9	50.2	5.76	0.15
WTRCDD192	430	431	306	82.6	79.7	7	0.21
WTRCDD192	431	432	438	102	720	4.95	0.18
WTRCDD192	432	433	600	270	220	6.39	0.19
WTRCDD192	433	434	397	117.5	175.5	3.99	0.11
WTRCDD192	434	435	478	137.5	811	8.92	0.12
WTRCDD192	435	436	355	93.3	1430	6.42	0.15
WTRCDD192	436	437	515	162	453	10.85	0.16
WTRCDD192	437	438	566	134	1190	5.17	0.1
WTRCDD192	438	439	364	121.5	186.5	5.94	0.08
WTRCDD192	439	440	408	111.5	184.5	5.37	0.08
WTRCDD192	440	441	808	496	357	19.85	0.15
WTRCDD192	441	442	850	181.5	491	3.61	0.07
WTRCDD192	442	443	512	164.5	140	5.83	0.08
WTRCDD192	443	444	513	157	128	15.25	0.08
WTRCDD192	444	445	436	100.5	155	5.12	0.06
WTRCDD192	445	446	706	276	866	5.95	0.13
WTRCDD192	446	447	572	129	2970	5.94	0.14
WTRCDD192	447	448	445	282	3190	11.75	0.18
WTRCDD192	448	449	456	193.5	54.7	6.37	0.07
WTRCDD192	449	450	434	140	35.3	7.54	0.05
WTRCDD192	450	451	531	188	209	14.2	0.09
WTRCDD192	451	452	505	193	1590	8.04	0.08
WTRCDD192	452	453	635	276	157	14.25	0.06
WTRCDD192	453	454	709	336	83.8	19.65	0.08
WTRCDD192	454	455	684	325	1100	9.81	0.13
WTRCDD192	455	456	797	201	294	5.54	0.08
WTRCDD192	456	456.7	842	98.7	131	1.53	0.06

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD193	429	430	265	159	75.1	3.4	0.01
WTRCDD193	430	431	566	341	85.4	9.59	0.03
WTRCDD193	431	431.7	9040	4090	756	33.9	0.15
WTRCDD193	431.7	433	75700	19900	18550	93.3	-0.01
WTRCDD193	433	434.2	156000	39300	6510	86.9	0.34
WTRCDD193	434.2	435.2	16400	4040	1680	27.4	0.13
WTRCDD193	435.2	436	26800	7370	145	17.7	0.11
WTRCDD193	436	437	25300	6210	298	16.2	0.26
WTRCDD193	437	438	34900	11800	1270	25.7	0.17
WTRCDD193	438	439	4970	953	27.3	4.17	0.08
WTRCDD193	439	440	6220	1780	67.4	5.48	0.02
WTRCDD193	440	441	4850	834	35.9	3.8	0.02
WTRCDD193	441	442	6260	606	42.6	2.13	0.02
WTRCDD193	442	443	5580	595	20.9	0.62	0.01
WTRCDD193	443	444	9240	2340	1230	15.2	0.07
WTRCDD193	444	444.8	7110	3760	82.6	24.6	0.24
WTRCDD193	444.8	446	95000	7920	5530	44.3	1.11
WTRCDD193	446	447	16400	5910	11450	53.9	1.37
WTRCDD193	447	447.95	22300	3570	13850	63.6	0.05
WTRCDD193	447.95	449	84400	48800	812	154	0.24
WTRCDD193	449	450.2	27900	4570	692	91.4	0.17
WTRCDD193	450.2	451.2	4280	1020	1020	28.8	0.2
WTRCDD193	451.2	452	974	201	2660	2.74	0.11
WTRCDD193	452	453	183	138	6330	4.31	0.17
WTRCDD193	453	454	550	268	10350	8.08	0.38
WTRCDD193	454	455	176	87.5	372	2.18	0.07
WTRCDD193	455	456	324	221	4590	4.31	0.13
WTRCDD193	456	457	123	86.6	691	1.09	0.04
WTRCDD193	457	458	156	162.5	1220	2.64	0.16
WTRCDD193	458	459	267	227	510	1.57	0.08
WTRCDD193	459	460	308	136.5	4010	7.2	0.29
WTRCDD193	460	461	125	117.5	2330	3.63	0.15
WTRCDD193	461	462	304	526	1740	13.3	0.53
WTRCDD193	462	463	126	262	844	2.63	0.17
WTRCDD193	463	463.9	19950	4610	130	10.35	0.14
WTRCDD193	463.9	465	31200	9170	86.9	25.1	0.13
WTRCDD193	465	466	2270	663	2770	16.75	0.33
WTRCDD193	466	467	660	346	543	38.6	0.15
WTRCDD193	467	468	605	199.5	51.3	23	0.08
WTRCDD193	468	469	694	322	268	18.55	0.1
WTRCDD193	469	470	839	332	828	21.7	0.12
WTRCDD193	470	471	587	312	140.5	11.4	0.08
WTRCDD193	471	472	365	195.5	29	5.3	0.07
WTRCDD193	472	473	307	183	241	4.07	0.09
WTRCDD193	473	474	685	293	246	9.63	0.1
WTRCDD193	474	475	599	260	378	6.09	0.06
WTRCDD193	475	476	611	207	1040	10.6	0.09
WTRCDD193	476	477	586	141	1060	12.9	0.09
WTRCDD193	477	478	463	255	2060	9.83	0.11
WTRCDD193	478	479	511	230	1180	9.23	0.09
WTRCDD193	479	480	535	342	328	7.84	0.07
WTRCDD193	480	481	565	237	1710	8.19	0.22

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD193	481	482	553	396	1840	14.5	0.21
WTRCDD193	482	483	608	473	237	11.5	0.14
WTRCDD193	483	484	594	493	2050	14.85	0.13
WTRCDD193	484	485	435	354	798	11.7	0.13
WTRCDD193	485	486	648	414	623	10.5	0.17
WTRCDD193	486	487	415	167.5	619	7.76	0.15
WTRCDD193	487	488	459	159.5	2310	5.77	0.11
WTRCDD193	488	489.2	539	264	5560	7.56	0.15
WTRCDD193	489.2	490	377	193	2900	4.58	0.18
WTRCDD193	490	491	498	331	9710	7.65	0.36
WTRCDD193	491	492	389	491	1520	8.72	0.19
WTRCDD193	492	493	373	229	1580	9.89	0.12
WTRCDD193	493	494	539	280	1550	5.29	0.09
WTRCDD193	494	495	641	178	733	5.56	0.07
WTRCDD193	495	496	349	149.5	1440	12.1	0.11
WTRCDD193	496	497	551	329	4190	11.8	0.16
WTRCDD193	497	498	447	279	5210	10.55	0.2
WTRCDD193	498	499	353	259	808	8.26	0.2
WTRCDD193	499	500	308	265	1560	6.83	0.17
WTRCDD193	500	501	426	383	4370	7.38	0.22
WTRCDD193	501	502	689	1070	8530	10.8	0.37
WTRCDD193	502	503	312	347	3390	6.38	0.19
WTRCDD193	503	504	160	328	2180	8.15	0.1
WTRCDD193	504	505	371	652	5940	11.5	0.15
WTRCDD193	505	506	827	2330	21600	15.1	0.16
WTRCDD193	506	507	801	721	16750	11.95	0.16
WTRCDD193	507	508	154	211	1990	6.7	0.04
WTRCDD193	508	509	357	164	3920	9.86	0.04
WTRCDD193	509	510	1040	414	10450	9.18	0.07
WTRCDD193	510	511	1380	415	3510	6.42	0.04
WTRCDD193	511	511.65	335	525	14550	11.05	0.11
WTRCDD193	511.65	512	1720	661	409	3.44	0.03
WTRCDD193	512	513	311	474	18050	12.15	0.14
WTRCDD193	513	514	283	867	11450	31.3	0.15
WTRCDD193	514	515	880	446	12600	10.6	0.09
WTRCDD193	515	516	346	274	1200	6.32	0.04
WTRCDD193	516	517	278	272	1380	5.6	0.04
WTRCDD193	517	518	231	308	4500	16.05	0.13
WTRCDD193	518	519.25	1340	432	16650	11.3	0.13
WTRCDD193	519.25	520	270	90.8	958	0.94	0.04
WTRCDD193	520	521	338	100.5	1640	1.58	0.07
WTRCDD193	521	522	1550	355	2790	2.81	0.22
WTRCDD193	522	523	313	110.5	1660	1.6	0.09
WTRCDD193	523	524	763	210	1980	1.81	0.06
WTRCDD193	524	525	4600	568	2710	4.93	0.13
WTRCDD193	525	526	736	248	1380	3.15	0.09
WTRCDD193	526	527	318	194.5	1210	2.74	0.1
WTRCDD193	527	528	451	286	1750	4.91	0.11
WTRCDD193	528	529	324	136.5	578	1.92	0.04
WTRCDD193	529	530	307	254	168.5	4.5	0.06
WTRCDD193	530	531	414	163.5	36.6	3.54	0.07
WTRCDD193	531	531.7	581	123.5	29.9	1.46	0.08

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD193	531.7	533	494	173.5	44.4	3.39	0.15
WTRCDD193	533	534	461	256	127.5	3.4	0.45
WTRCDD193	534	535	631	273	864	3.46	0.35
WTRCDD193	535	536	415	324	988	6.12	0.21
WTRCDD193	536	537	564	362	6120	12.5	0.34
WTRCDD193	537	538	355	143.5	434	2.51	0.16
WTRCDD193	538	539	678	412	584	5.4	0.25
WTRCDD193	539	540	2320	590	785	7.32	0.44
WTRCDD193	540	541	460	517	268	62.1	0.31
WTRCDD193	541	542	610	4400	590	67.3	0.33
WTRCDD193	542	543	466	7120	306	10.05	0.17
WTRCDD193	543	544	482	265	1020	3.11	0.24
WTRCDD193	544	545	8060	647	6820	5.09	0.33
WTRCDD193	545	546	2750	293	1410	2.52	0.17
WTRCDD193	546	547	971	506	1040	3.24	0.08
WTRCDD193	547	548	480	304	960	2.07	0.07
WTRCDD193	548	549	17750	137.5	536	0.68	0.04
WTRCDD193	549	550	12700	422	1720	1.9	0.1
WTRCDD193	550	551	626	351	6900	4.78	0.23
WTRCDD193	551	552	791	557	6200	4.17	0.17
WTRCDD193	552	553	24400	420	1930	1.86	0.1
WTRCDD193	553	554	550	127.5	124.5	2.05	0.08
WTRCDD193	554	555	220	102.5	107.5	1.13	0.11
WTRCDD193	555	556	12100	888	1090	1.16	0.04
WTRCDD193	556	557	638	271	2420	3	0.1
WTRCDD193	557	558	686	163.5	153	1.78	0.07
WTRCDD193	558	559	318	468	551	6.8	0.22
WTRCDD193	559	560	349	304	749	7.04	1.13
WTRCDD193	560	561	497	523	2500	7.22	0.36
WTRCDD193	561	562	752	386	6220	6.97	0.34
WTRCDD193	562	563	281	234	1210	4.42	0.21
WTRCDD193	563	564	19350	504	511	2.6	0.1
WTRCDD193	564	565	645	547	1850	5.43	0.39
WTRCDD193	565	566	800	1840	1360	9.12	0.08
WTRCDD193	566	567	335	337	2430	3.4	0.16
WTRCDD193	567	567.9	103	48.9	335	0.81	0.1
WTRCDD193	567.9	569	133	77.1	599	1.52	0.07
WTRCDD193	569	570	100	114.5	317	2.19	0.14
WTRCDD193	570	571	134	89.4	609	4.31	0.16
WTRCDD193	571	572	23	36.2	95.7	3.02	0.12
WTRCDD193	572	573	51	32.9	1140	5.43	0.05
WTRCDD193	573	574	44	50.3	1490	4.75	0.03
WTRCDD193	574	575	62	36.8	3110	5.96	0.05
WTRCDD193	575	576	59	57.7	4660	8.38	0.06
WTRCDD193	576	577	55	78.9	1470	7.54	0.04
WTRCDD193	577	578	41	7.2	41.7	0.77	0.01
WTRCDD193	578	579	55	58	1310	4.64	0.02
WTRCDD193	579	579.8	269	593	1250	4.23	0.04

WTRCDD196	405	406	148	98.6	141.5	1.31	0.02
WTRCDD196	406	407	133	95.3	73.8	1.74	0.02
WTRCDD196	407	408.28	670	514	106	3.09	0.02

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD196	408.28	409	122500	56300	1310	165	0.21
WTRCDD196	409	409.62	13850	7440	157	29	0.06
WTRCDD196	409.62	410.4	29500	13400	589	62.5	0.11
WTRCDD196	410.4	411.6	36000	7080	185.5	34.4	0.01
WTRCDD196	411.6	412.9	271	370	2130	29.6	0.09
WTRCDD196	412.9	414	118	59.8	807	6.02	0.13
WTRCDD196	414	415	116	95.8	381	6.02	0.04
WTRCDD196	415	416	148	27.3	25.9	0.97	0.01
WTRCDD196	416	417	177	32.3	20.8	1.23	0.01
WTRCDD196	417	418	159	24.6	15.9	0.79	-0.01
WTRCDD196	418	419	222	26.4	12.7	2.16	0.01
WTRCDD196	419	420	164	46.7	18.5	4.57	0.01
WTRCDD196	420	421	686	149	518	17.45	0.02
WTRCDD196	421	422	429	57.2	2240	18.45	0.02
WTRCDD196	422	423	750	251	1030	5.32	-0.01
WTRCDD196	423	424	1010	292	1210	7.89	-0.01
WTRCDD196	424	425	666	170.5	347	5.38	0.01
WTRCDD196	425	426	259	33.2	15.6	0.56	-0.01
WTRCDD196	426	427.2	947	273	19.7	1.23	-0.01
WTRCDD196	427.2	428.4	12300	9360	251	5.19	0.02
WTRCDD196	428.4	429.6	13300	11050	121	3.48	0.01
WTRCDD196	429.6	430.7	45800	15500	444	4.75	0.02
WTRCDD196	430.7	431.5	66100	24900	490	17.65	0.08
WTRCDD196	431.5	432.47	140500	44800	719	26	0.18
WTRCDD196	432.47	433.5	36600	2910	2480	44.2	0.78
WTRCDD196	433.5	434	41600	4050	8470	54.9	1.27
WTRCDD196	434	435	31400	2650	8250	47.8	1.32
WTRCDD196	435	436	22600	2140	3040	36.2	1.47
WTRCDD196	436	437	13200	4130	14700	68.8	1.14
WTRCDD196	437	438	9610	4350	26300	70.7	1.02
WTRCDD196	438	438.6	14000	5390	27800	98.5	1.37
WTRCDD196	438.6	439.35	6290	2380	34200	93.5	1.32
WTRCDD196	439.35	440.11	11700	3070	11900	28.1	0.69
WTRCDD196	440.11	441.4	9300	2930	28700	36.8	0.92
WTRCDD196	441.4	442	4210	1720	7480	16.95	0.3
WTRCDD196	442	443	13700	5170	280	7.76	0.22
WTRCDD196	443	444	5780	1385	53	2.07	0.04
WTRCDD196	444	445.1	4340	1020	42.7	1.8	0.04
WTRCDD196	445.1	446.24	6210	733	2880	9.25	0.38
WTRCDD196	446.24	447.32	3960	533	29.8	1.65	0.03
WTRCDD196	447.32	448.33	2270	129	205	4.74	0.08
WTRCDD196	448.33	449	27700	3010	45.6	5.47	0.13
WTRCDD196	449	450	10250	365	3470	6.93	0.17
WTRCDD196	450	451	2770	504	10550	11.9	0.26
WTRCDD196	451	452	2870	379	3120	11.8	0.12
WTRCDD196	452	453	2230	700	5200	10.25	0.19
WTRCDD196	453	454	2190	630	3290	9.63	0.22
WTRCDD196	454	455	1150	374	1580	4.52	0.15
WTRCDD196	455	456	822	149	1890	3.03	0.1
WTRCDD196	456	457	1140	146.5	878	2.26	0.08
WTRCDD196	457	458	1610	512	1610	4.56	0.13
WTRCDD196	458	459	911	481	116.5	4.36	0.11

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD196	459	460.2	1120	221	60.3	3.44	0.07
WTRCDD196	460.2	461	7410	1930	1730	8.24	0.13
WTRCDD196	461	462	2210	763	743	6.62	0.2
WTRCDD196	462	463	2340	1570	3130	8.08	0.15
WTRCDD196	463	464	3290	1590	338	3.77	0.11
WTRCDD196	464	465	618	240	45.7	3.02	0.11
WTRCDD196	465	466	1460	759	273	5.34	0.21
WTRCDD196	466	466.86	15150	480	486	4.96	0.3
WTRCDD196	466.86	468.21	609	497	4030	11.15	0.47
WTRCDD196	468.21	469	777	695	20800	15.9	0.83
WTRCDD196	469	470	686	310	11150	8.09	0.51
WTRCDD196	470	471	493	196	4320	4.15	0.25
WTRCDD196	471	472	8720	1560	17550	9.32	2.58
WTRCDD196	472	473	10950	4370	16600	11.6	2.26
WTRCDD196	473	474	20200	2730	4150	4.96	0.21
WTRCDD196	474	475	621	272	10150	4.77	0.78
WTRCDD196	475	476	183	91	3080	2.74	0.11
WTRCDD196	476	477	2930	179.5	2790	13.85	0.2
WTRCDD196	477	478	448	167	11550	11.7	0.49
WTRCDD196	478	479	336	101	3350	2.51	0.13
WTRCDD196	479	480	839	284	5270	3.55	0.41
WTRCDD196	480	481	1380	801	19250	6.36	0.65
WTRCDD196	481	482	297	2600	11900	5.75	0.31
WTRCDD196	482	483	242	615	2060	3.61	0.17
WTRCDD196	483	484	2270	3110	23300	7.12	0.66
WTRCDD196	484	485	278	452	2650	1.53	0.11
WTRCDD196	485	486	261	618	2300	1.1	0.13
WTRCDD196	486	487	181	254	8960	3.9	0.34
WTRCDD196	487	488	116	84.7	3370	1.05	0.23
WTRCDD196	488	489	299	329	2890	1.97	0.15
WTRCDD196	489	490	177	273	2000	1.47	0.12
WTRCDD196	490	490.74	345	515	22800	8.94	0.48
WTRCDD196	490.74	491.5	307	513	6720	6.62	0.22
WTRCDD196	491.5	492.5	212	364	3390	3.12	0.15
WTRCDD196	492.5	493.74	214	112.5	3540	2.25	0.18
WTRCDD196	493.74	494.9	126	89.9	931	1.88	0.09
WTRCDD196	494.9	496	155	159	1270	4.54	0.17
WTRCDD196	496	497	294	316	12450	13.55	0.4
WTRCDD196	497	498	294	151.5	17850	8.1	0.29
WTRCDD196	498	499	177	75.4	948	1.36	0.1
WTRCDD196	499	500	163	117	2150	2.35	0.25
WTRCDD196	500	501	162	144	1180	1.31	0.12
WTRCDD196	501	502	244	333	4520	8.37	0.25
WTRCDD196	502	503	284	215	1810	4.1	0.15
WTRCDD196	503	504	242	119	578	1.22	0.14
WTRCDD196	504	505	186	106.5	1270	1.16	0.23
WTRCDD196	505	506	228	124.5	1400	1.8	0.21
WTRCDD196	506	507	235	147	1660	1.81	0.15
WTRCDD196	507	508	286	208	1340	2.22	0.26
WTRCDD196	508	509	303	172	1080	3.26	0.35
WTRCDD196	509	510	341	245	147.5	6.5	0.14
WTRCDD196	510	511	293	154	95.4	2.1	0.08

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD196	511	512	292	121	2270	7.2	0.24
WTRCDD196	512	513	326	158.5	1060	4.07	0.12
WTRCDD196	513	514	497	196	1060	2.05	0.09
WTRCDD196	514	515	425	249	1530	4.03	0.13
WTRCDD196	515	516	446	369	1190	3.86	0.12
WTRCDD196	516	517	191	73.6	78.1	1	0.05
WTRCDD196	517	518	300	159	406	2.6	0.08
WTRCDD196	518	519	218	181	537	3.5	0.07
WTRCDD196	519	520	302	156.5	2010	4.39	0.17
WTRCDD196	520	521	304	295	2150	5.54	0.14
WTRCDD196	521	522	543	726	2450	5.93	0.2
WTRCDD196	522	523	391	189.5	411	0.99	0.09
WTRCDD196	523	524	227	87.7	362	0.52	0.06
WTRCDD196	524	525.2	261	579	20.8	0.66	0.04

WTRCDD197	378	379	161	66.8	54.5	4.77	0.02
WTRCDD197	379	380	194	77.5	49.3	4.21	0.01
WTRCDD197	380	381.3	696	336	77.9	21.9	0.06
WTRCDD197	381.3	382	1840	1135	25.2	109	0.28
WTRCDD197	382	383	74	69.4	14	8.62	0.03
WTRCDD197	383	384	3440	280	14.7	6.63	0.02
WTRCDD197	384	385	164	65.6	13.3	5.48	0.02
WTRCDD197	385	386	152	42.9	11	5.81	0.03
WTRCDD197	386	387	94	39.5	11.2	4.15	0.02
WTRCDD197	387	388	2140	757	13.3	5.19	0.02
WTRCDD197	388	389	2340	366	12	3.88	0.03
WTRCDD197	389	390	4530	375	24.4	5.03	0.04
WTRCDD197	390	391	1610	40	14.1	2.79	0.02
WTRCDD197	391	392	67	41.9	11.9	3.49	0.01
WTRCDD197	392	393	370	27.3	9.5	2.9	0.01
WTRCDD197	393	394	697	36.1	10	3.59	0.01
WTRCDD197	394	395	31	40	12.3	4.93	0.01
WTRCDD197	395	396	20	32.8	8.5	4.25	0.01
WTRCDD197	396	397	22	25	8.8	4.47	0.01
WTRCDD197	397	398	29	24.9	9	2.95	0.01
WTRCDD197	398	399	38	28.9	7.9	2.43	0.01
WTRCDD197	399	400	35	20.6	6.8	2.16	0.01
WTRCDD197	400	401	36	16	5.6	1.44	-0.01
WTRCDD197	401	402	57	18.3	5.6	2.09	0.01
WTRCDD197	402	403	47	17.2	4.9	2.06	0.01
WTRCDD197	403	404	84	45.4	5.6	2.27	0.01
WTRCDD197	404	405	93	31	7.1	4.01	0.01
WTRCDD197	405	406	58	29.9	8.6	5.99	0.01
WTRCDD197	406	407	202	37.4	14.1	33	0.01
WTRCDD197	407	408	129	33.6	17.3	99.7	0.05
WTRCDD197	408	409	122	57.8	12.5	21.6	0.02
WTRCDD197	409	410	1380	423	9.6	8.21	0.01
WTRCDD197	410	411	1520	461	13.9	8.9	0.01
WTRCDD197	411	412	1690	533	23.5	9.22	0.01
WTRCDD197	412	413	9810	3950	67.9	26.5	0.01
WTRCDD197	413	414	52500	36500	169.5	188	0.02
WTRCDD197	414	415	51200	32300	117	128	0.02

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD197	415	416	59900	47500	413	291	0.05
WTRCDD197	416	417	53400	21900	237	56.8	0.03
WTRCDD197	417	418	37400	17050	232	102	0.06
WTRCDD197	418	419	30200	5920	100.5	49.4	0.03
WTRCDD197	419	420	31200	7720	63.5	20.6	0.04
WTRCDD197	420	421	4480	415	874	22.6	0.1
WTRCDD197	421	422	9490	2230	10750	40.6	0.22
WTRCDD197	422	423	625	483	1240	27.9	0.16
WTRCDD197	423	424	370	197.5	353	10.4	0.08
WTRCDD197	424	425	205	105	53.9	9.03	0.1
WTRCDD197	425	426	329	125.5	94.2	9.19	0.1
WTRCDD197	426	427	566	154.5	37.2	11.6	0.14
WTRCDD197	427	428	500	155	110	11.2	0.22
WTRCDD197	428	429	517	127.5	217	6.5	0.18
WTRCDD197	429	430	444	203	677	6.52	0.23
WTRCDD197	430	431	416	319	1800	11.2	0.44
WTRCDD197	431	432	445	214	2000	7.11	0.39
WTRCDD197	432	433	405	182	388	4.12	0.3
WTRCDD197	433	434	427	251	750	6.08	0.26
WTRCDD197	434	435	429	259	1050	5.97	0.2
WTRCDD197	435	436	328	188	112	5.37	0.19
WTRCDD197	436	437	398	213	731	9.07	0.2
WTRCDD197	437	438	438	231	165	6.12	0.23
WTRCDD197	438	439.3	234	189.5	851	5.95	0.3
WTRCDD197	439.3	440	11100	2320	1750	3.15	0.18
WTRCDD197	440	440.7	5680	7790	14200	12.2	1.11
WTRCDD197	440.7	442	294	319	4950	6.16	0.47
WTRCDD197	442	443	235	85.1	1180	2.67	0.35
WTRCDD197	443	444	342	205	12600	8.75	0.51
WTRCDD197	444	445.3	450	262	1280	3.66	0.36
WTRCDD197	445.3	446	240	547	172	12.1	0.74
WTRCDD197	446	447	537	655	164.5	10.25	0.62
WTRCDD197	447	448	346	501	270	8.19	0.3
WTRCDD197	448	449	534	283	411	8.63	0.65
WTRCDD197	449	450	292	205	89.4	8.8	0.37
WTRCDD197	450	450.4	439	197	45.4	5.91	0.23
WTRCDD197	450.5	451	565	144	79.8	4.15	0.26
WTRCDD197	451	452	256	245	1330	6.75	0.42
WTRCDD197	452	453	120	135.5	58.5	3.01	0.26
WTRCDD197	453	454	152	165.5	104.5	4.15	0.29
WTRCDD197	454	455	177	146	312	3.09	0.23
WTRCDD197	455	456	142	149.5	39.1	3.81	0.26
WTRCDD197	456	457	174	139	42.4	2.77	0.27
WTRCDD197	457	458	217	132	151	3.43	0.3
WTRCDD197	458	459	234	249	1460	4.73	0.46
WTRCDD197	459	460	406	149	3530	2.91	0.18
WTRCDD197	460	461	725	264	8740	6	0.52
WTRCDD197	461	462	146	128	1340	8.24	0.6
WTRCDD197	462	463	225	81.1	155	3.62	0.23
WTRCDD197	463	464	190	54.6	737	2.22	0.2
WTRCDD197	464	465	1350	96.3	2860	2.98	0.21
WTRCDD197	465	466	1320	791	282	2.35	0.2

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD197	466	467	3990	1220	411	2.58	0.11
WTRCDD197	467	468	24400	17050	321	8.05	0.12
WTRCDD197	468	469	215	218	3390	5.51	0.25
WTRCDD197	469	470	5280	2020	2050	5.54	0.32
WTRCDD197	470	471	225	217	5460	9.16	0.38
WTRCDD197	471	472	386	185	2110	5.53	0.26
WTRCDD197	472	473	458	258	11200	9.39	0.32
WTRCDD197	473	474	479	186	2550	3.35	0.29
WTRCDD197	474	474.5	488	157	1960	2.97	0.31

WTRCDD198	283	283.6	9410	3940	83	71	0.07
WTRCDD198	283.8	284.1	3750	1240	59.9	57.5	0.1
WTRCDD198	284.3	285.25	13200	4960	178	68	0.22
WTRCDD198	285.25	286	17950	7260	247	40.6	0.39
WTRCDD198	286	287	50600	20900	333	31	0.33
WTRCDD198	287	288	39400	19750	355	17.5	0.3
WTRCDD198	288	289	58600	30800	840	16.1	0.29
WTRCDD198	289	290	39700	17100	121	7.81	0.27
WTRCDD198	290	291	26700	11150	196	5.05	0.25
WTRCDD198	291	292	19700	8290	226	3.59	0.07
WTRCDD198	292	293	13100	4870	84.7	2.43	0.08
WTRCDD198	293	294	13000	5900	94	2.43	0.1
WTRCDD198	294	295	15850	6370	167.5	2.43	0.07
WTRCDD198	295	296	14300	5180	111.5	2.23	0.07
WTRCDD198	296	297	21400	7750	1295	4.02	0.1
WTRCDD198	297	298	12800	4570	401	2.48	0.06
WTRCDD198	298	299	16150	3760	103.5	2.28	0.06
WTRCDD198	299	300	9530	3570	74.3	1.63	0.08
WTRCDD198	300	301	23600	5490	172.5	2.57	0.1
WTRCDD198	301	302	16450	449	61.1	0.83	0.1
WTRCDD198	302	303	29300	447	110.5	1.93	0.18
WTRCDD198	303	304	19800	872	74.7	1.36	0.08
WTRCDD198	304	305	30400	2360	1600	16.4	0.25
WTRCDD198	305	306	12850	3340	85	14.45	0.16
WTRCDD198	306	307	2790	355	36.5	6.08	0.1
WTRCDD198	307	308	2800	535	125	10.75	0.1
WTRCDD198	308	309.3	6780	308	51	9.1	0.12
WTRCDD198	309.3	310	110	435	110	15.95	0.38
WTRCDD198	310	311	124	397	77.6	12.05	0.4
WTRCDD198	311	311.7	71	299	71.4	8.09	0.28
WTRCDD198	311.7	313	66	330	64.9	7.22	0.21
WTRCDD198	313	314	219	454	57.7	9.83	0.34
WTRCDD198	314	315	124	344	117.5	10.15	0.29
WTRCDD198	315	316	223	390	8710	22.2	0.32
WTRCDD198	316	317	182	392	54.8	4.25	0.22
WTRCDD198	317	318	599	412	107	5.67	0.28
WTRCDD198	318	319	822	528	1230	5.5	0.3
WTRCDD198	319	320	1470	431	2490	5.07	0.35
WTRCDD198	320	321	363	117	268	3	0.1
WTRCDD198	321	322	371	149.5	529	4.24	0.15
WTRCDD198	322	323	118	67.5	43.6	1.61	0.09
WTRCDD198	323	324	4110	763	69.9	2.48	0.07

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD198	324	325	1280	124.5	45.5	1.78	0.09
WTRCDD198	325	326	65	118	40.2	2.64	0.2
WTRCDD198	326	327	61	74.6	23.1	1.51	0.14
WTRCDD198	327	328	97	137.5	30.7	3.47	0.2
WTRCDD198	328	329	111	82	24	2	0.15
WTRCDD198	329	330	166	93.5	22.1	1.42	0.21
WTRCDD198	330	331	303	136.5	26.4	1.9	0.25
WTRCDD198	331	332	285	141	23.1	1.28	0.25
WTRCDD198	332	333	361	160.5	22.2	1.41	0.21
WTRCDD198	333	334	283	102	17.3	1.58	0.2
WTRCDD198	334	335	140	51.7	14.1	1.32	0.12
WTRCDD198	335	336	150	69.6	19.3	1.89	0.12
WTRCDD198	336	337	187	178.5	20.2	2.23	0.14
WTRCDD198	337	338	401	220	18.8	1.65	0.11
WTRCDD198	338	339	433	189	21	1.71	0.1
WTRCDD198	339	340	549	185	16.4	1.78	0.08
WTRCDD198	340	341	658	257	19.7	1.35	0.09
WTRCDD198	341	342	431	88.1	15.1	1.32	0.1
WTRCDD198	342	343	209	93.5	12.4	1.22	0.13
WTRCDD198	343	344	171	56.9	11.1	1.11	0.09
WTRCDD198	344	345	321	85.6	17.2	1.72	0.09
WTRCDD198	345	346	381	134.5	21	2.43	0.1
WTRCDD198	346	347	518	200	91.5	2.93	0.07
WTRCDD198	347	348	1300	314	94.4	2.61	0.08
WTRCDD198	348	349	852	319	101	4.98	0.19
WTRCDD198	349	350	798	239	44.1	4.25	0.17
WTRCDD198	350	351	919	217	272	3.01	0.26
WTRCDD198	351	352	1150	335	1045	7.73	0.51
WTRCDD198	352	353	422	124	18.4	2.69	0.22
WTRCDD198	353	354	353	270	20.9	2.92	0.22
WTRCDD198	354	355	368	250	14.6	2.49	0.17
WTRCDD198	355	356	364	157.5	20.2	3.71	0.19
WTRCDD198	356	357	321	174.5	20.6	1.55	0.18
WTRCDD198	357	358	322	130	15.7	0.92	0.2
WTRCDD198	358	359	357	57.7	15.7	0.81	0.29
WTRCDD198	359	360	175	77.4	20.2	1.09	0.22
WTRCDD198	360	361	161	60.6	16.9	0.93	0.16
WTRCDD198	361	362	267	45.8	10.7	1.02	0.16
WTRCDD198	362	363	351	109	13.6	1.5	0.25
WTRCDD198	363	364	333	80.2	14.6	1.38	0.37
WTRCDD198	364	365	353	145	17.8	1.25	0.32
WTRCDD198	365	366	464	46	94.7	0.51	0.18
WTRCDD198	366	367	541	85.4	13.3	0.43	0.2
WTRCDD198	367	368	768	159.5	16.7	1.06	0.19
WTRCDD198	368	369.1	598	101.5	14	0.6	0.18
WTRCDD198	369.1	370	230	99.8	38.1	1.54	0.28
WTRCDD198	370	371	94	30.2	536	1.53	0.12
WTRCDD198	371	372	39	78.5	53.3	1.97	0.16
WTRCDD198	372	373.2	915	330	2580	1.79	0.36
WTRCDD198	373.2	374	4990	239	2150	1.92	0.52
WTRCDD198	374	375	486	158	219	0.76	0.07
WTRCDD198	375	376	511	617	573	2.86	1.26

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD198	376	377	261	107.5	31.6	0.54	0.24
WTRCDD198	377	378	1000	174.5	1095	0.96	0.57
WTRCDD198	378	379	426	115	138.5	0.71	0.41
WTRCDD198	379	380	285	98.6	16.1	0.4	0.15
WTRCDD198	380	381	268	122.5	38.8	0.66	0.26
WTRCDD198	381	382	249	93.1	170.5	0.7	0.47
WTRCDD198	382	383	260	120	109	0.73	0.28
WTRCDD198	383	384	407	338	236	1.24	0.36
WTRCDD198	384	385	4710	762	204	0.8	0.12
WTRCDD198	385	386	338	399	506	2.33	0.64
WTRCDD198	386	387	333	178.5	142	1.76	0.48
WTRCDD198	387	388	185	217	862	1.74	0.21
WTRCDD198	388	389	217	167.5	64.6	1.47	0.16
WTRCDD198	389	390.3	374	354	426	2.55	0.38
WTRCDD198	390.3	391	419	299	858	2.62	0.4
WTRCDD198	391	392.2	737	591	2250	4.34	0.75
WTRCDD198	392.2	393	417	210	128	1.23	0.26
WTRCDD198	393	394	361	234	70.3	2.05	0.28
WTRCDD198	394	395	1120	1940	4470	8.06	0.37
WTRCDD198	395	396	273	387	2190	2.83	0.22
WTRCDD198	396	397	252	428	55.7	1.76	0.19
WTRCDD198	397	398	203	403	71.2	1.31	0.12
WTRCDD198	398	399	318	1020	368	3.11	0.24
WTRCDD198	399	399.4	18750	2000	591	3.8	0.17

WTRCDD199	247.6	248	33100	10450	2200	9.48	0.25
WTRCDD199	248	249	15300	4860	884	5.17	0.22
WTRCDD199	249	249.5	26100	9330	3100	16.8	0.19
WTRCDD199	249.8	250.3	26200	7800	2070	5.05	0.35
WTRCDD199	250.7	252	51200	4670	4770	5.53	0.39
WTRCDD199	252	253	5680	479	1500	1.67	0.13
WTRCDD199	253	254	5430	174	2470	1.92	0.16
WTRCDD199	254	255	946	285	6750	5.39	0.27
WTRCDD199	255	256	826	412	5720	7.99	0.19
WTRCDD199	256	257	179	66	337	1.22	0.13
WTRCDD199	257	257.6	354	127.5	111.5	0.77	0.12
WTRCDD199	258	258.7	1010	311	7420	14.45	0.34
WTRCDD199	258.7	260	218	193.5	1040	2.01	0.09
WTRCDD199	260	261	4930	118.5	2240	5.63	0.44
WTRCDD199	261	262	1940	478	2330	5.47	0.21
WTRCDD199	262	263	1290	119	2610	5.35	0.24
WTRCDD199	263	264	746	129.5	288	1.48	0.19
WTRCDD199	264	265	630	130.5	390	2.29	0.18
WTRCDD199	265	266	378	159.5	320	3.02	0.16
WTRCDD199	266	267	2610	774	2750	12.8	0.45
WTRCDD199	267	268	348	354	632	3.11	0.2
WTRCDD199	268	269	459	178	922	3.62	0.17
WTRCDD199	269	270	226	364	944	4.04	0.11
WTRCDD199	270	271	3000	744	840	6	0.29
WTRCDD199	271	272	923	682	647	4.35	0.17
WTRCDD199	272	273	2630	965	192.5	2.01	0.06
WTRCDD199	273	274	1780	414	1530	6.05	0.08

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD199	274	275	1520	512	191	1.85	0.05
WTRCDD199	275	276	1350	548	3050	11.2	0.2
WTRCDD199	276	277	1080	640	1660	8.8	0.11
WTRCDD199	277	278	1260	651	524	5.88	0.16
WTRCDD199	278	279	3660	917	62.5	2.9	0.04
WTRCDD199	279	280	4090	1240	584	7.51	0.11
WTRCDD199	280	281	3930	427	716	6.33	0.09
WTRCDD199	281	282	5790	2050	3940	21	0.21
WTRCDD199	282	283	511	240	346	5.86	0.09
WTRCDD199	283	284	441	181.5	504	5.7	0.1
WTRCDD199	284	285	1430	236	1410	8.31	0.13
WTRCDD199	285	286	3070	522	3290	14.55	0.21
WTRCDD199	286	287	7460	2000	3630	21.7	0.22
WTRCDD199	287	288	463	255	173	7.9	0.31
WTRCDD199	288	289	438	201	5440	19.95	0.26
WTRCDD199	289	290	508	405	414	9.66	0.35
WTRCDD199	290	291	2690	581	211	9.54	0.29
WTRCDD199	291	292	12850	2440	194.5	7.68	0.06
WTRCDD199	292	293	8350	594	102	4.1	0.06
WTRCDD199	293	294	16450	3590	1810	20	0.15
WTRCDD199	294	295	32700	9780	3110	31.1	0.26
WTRCDD199	295	296	16450	3940	1000	12.55	0.13
WTRCDD199	296	297	7930	1290	349	6.64	0.29
WTRCDD199	297	298	4530	1820	2750	15.9	0.1
WTRCDD199	298	299	4690	742	340	6.54	0.07
WTRCDD199	299	300	3590	557	506	5.16	0.06
WTRCDD199	300	301	9020	3310	5530	14.45	0.08
WTRCDD199	301	302	881	159	108	1.69	0.03
WTRCDD199	302	303	7250	2340	88.2	3.33	0.02
WTRCDD199	303	304	12000	3890	65.1	4.24	0.02
WTRCDD199	304	305	11500	4300	182	3.37	0.03
WTRCDD199	305	306.2	7130	2770	108.5	2.21	0.03

WTRCDD200	353	354	3420	3320	318	11.05	0.08
WTRCDD200	354	355	9630	5610	175.5	18.6	0.06
WTRCDD200	355	356	28500	12750	480	20.4	0.04
WTRCDD200	356	357	59800	19300	890	15.7	0.04
WTRCDD200	357	358	2250	427	3340	5.31	0.08
WTRCDD200	358	359	3550	1080	638	11.45	0.05
WTRCDD200	359	360	4280	1275	1320	6.38	0.05
WTRCDD200	360	361	12750	5250	1050	7.41	0.07
WTRCDD200	361	362	19700	9260	769	8.89	0.1
WTRCDD200	362	363	20400	7800	2040	6.99	0.05
WTRCDD200	363	364	7010	805	1730	2.21	0.01
WTRCDD200	364	365	3780	1265	1120	2.29	0.01
WTRCDD200	365	366	6380	1440	1570	3.8	0.02
WTRCDD200	366	367	7810	311	2580	4.8	0.02
WTRCDD200	367	368	866	199	711	4.68	0.02
WTRCDD200	368	369	2820	1210	260	12.75	0.06
WTRCDD200	369	370	11300	4430	671	21	0.05
WTRCDD200	370	371	16550	7180	1040	25.4	0.06
WTRCDD200	371	372	21100	6770	85.6	15.15	0.07

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD200	372	373	6950	2660	67.7	9.29	0.06
WTRCDD200	373	374	4680	1770	34.2	6.73	0.04
WTRCDD200	374	375	6790	2720	53.6	11.5	0.05
WTRCDD200	375	376	1860	1075	19.9	4.64	0.03
WTRCDD200	376	377	4540	2400	34.3	8.45	0.03
WTRCDD200	377	378	7620	3320	73.3	14.55	0.06
WTRCDD200	378	379	13900	3750	887	24	0.08
WTRCDD200	379	380	6450	2610	242	17	0.07
WTRCDD200	380	381	1900	601	78.1	8.16	0.03
WTRCDD200	381	382	777	269	76.7	14.1	0.1
WTRCDD200	382	383	9060	610	884	28.3	0.28
WTRCDD200	383	384	478	425	4720	48.2	0.46
WTRCDD200	384	385	613	717	3060	59.9	0.58
WTRCDD200	385	386	845	534	502	27.6	0.41
WTRCDD200	386	387	1800	901	679	45.4	0.5
WTRCDD200	387	388	732	679	671	35.8	0.5
WTRCDD200	388	389	690	508	488	34.7	0.33
WTRCDD200	389	390	569	463	454	34.7	0.56
WTRCDD200	390	391	851	546	1180	44.9	0.43
WTRCDD200	391	392	585	335	1370	16.55	0.35
WTRCDD200	392	393	600	509	516	18.3	0.45
WTRCDD200	393	394	654	540	1830	22.3	0.34
WTRCDD200	394	395.38	1410	799	2830	25.9	0.36
WTRCDD200	395.38	396	426	98.6	3510	2.93	0.05
WTRCDD200	396	397	239	66.7	855	1.57	0.03
WTRCDD200	397	398	221	74.4	1600	1.22	0.03
WTRCDD200	398	399	5710	443	4790	3.81	0.12
WTRCDD200	399	400	327	139.5	816	2.59	0.16
WTRCDD200	400	401	180	48.2	40.5	1.81	0.06
WTRCDD200	401	402.11	481	110.5	6500	3.45	0.07
WTRCDD200	402.11	403	260	125.5	6060	4.4	0.13
WTRCDD200	403	404	245	79	1760	2.13	0.15
WTRCDD200	404	405	741	279	3260	2.52	0.14
WTRCDD200	405	406	153	73.6	1830	1.2	0.04
WTRCDD200	406	407	204	106.5	307	1.99	0.07
WTRCDD200	407	408	268	109.5	75.8	3.57	0.07
WTRCDD200	408	409	632	438	160	5.34	0.12
WTRCDD200	409	410	625	490	1380	12.3	0.26
WTRCDD200	410	411	1880	427	633	10.3	0.29
WTRCDD200	411	412	663	666	2630	32.8	0.31
WTRCDD200	412	413	1320	3080	3060	14.9	0.4
WTRCDD200	413	414	4860	1455	13800	15.9	0.65
WTRCDD200	414	415	3320	1640	8230	22.4	0.59
WTRCDD200	415	416	553	518	3370	5.71	0.26
WTRCDD200	416	417	714	604	3010	4.63	0.25
WTRCDD200	417	418	1120	667	3690	7.23	0.42
WTRCDD200	418	419	1490	1485	8570	19.4	0.7
WTRCDD200	419	420	1120	1250	8960	18.4	0.61
WTRCDD200	420	421	11450	8580	79000	59.8	1.06
WTRCDD200	421	422.04	5460	5080	62700	30.9	0.81
WTRCDD200	422.04	423	377	164.5	252	1.27	0.07
WTRCDD200	423	424	787	354	489	3.58	0.04

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD200	424	425	533	206	139	2.69	0.04
WTRCDD200	425	426	414	169.5	229	2.45	0.06
WTRCDD200	426	427	318	173	2130	1.72	0.08
WTRCDD200	427	428	333	162.5	480	1.8	0.1
WTRCDD200	428	429	297	61.2	285	0.73	0.05
WTRCDD200	429	430	317	281	6090	3.51	0.11
WTRCDD200	430	431	1370	362	6190	5.37	0.22
WTRCDD200	431	432	288	117	146	0.99	0.06
WTRCDD200	432	433	437	454	2700	4.73	0.16
WTRCDD200	433	434	1500	3820	3280	8.79	0.21
WTRCDD200	434	435	568	536	1900	4.17	0.1
WTRCDD200	435	436	8230	2050	348	2.94	0.04
WTRCDD200	436	437	5590	3960	871	3.42	0.03
WTRCDD200	437	438	1420	610	2070	3.59	0.03
WTRCDD200	438	439	3580	1580	130.5	2.41	0.01
WTRCDD200	439	440	5340	3930	3640	7.52	0.08
WTRCDD200	440	441	689	488	11050	11.55	0.26
WTRCDD200	441	442	4070	2990	326	2.76	-0.01
WTRCDD200	442	443	6910	5080	4360	7.18	0.07
WTRCDD200	443	444	1590	2190	1190	2.33	0.03
WTRCDD200	444	445	460	134	1120	1.35	0.06
WTRCDD200	445	446	941	892	741	2.16	0.1
WTRCDD200	446	447	2650	2040	113.5	2.19	0.02
WTRCDD200	447	448	273	323	285	1.64	0.05
WTRCDD200	448	449	465	207	4090	2.74	0.13
WTRCDD200	449	450	440	178.5	2930	2.21	0.14
WTRCDD200	450	451	3760	469	258	1.53	0.04
WTRCDD200	451	452	2140	3210	208	1.83	0.04
WTRCDD200	452	453	253	113.5	152	5.81	0.08
WTRCDD200	453	454	321	211	1820	3.69	0.21
WTRCDD200	454	455	274	149.5	355	1.57	0.1
WTRCDD200	455	456	257	164.5	27.6	2.34	0.13
WTRCDD200	456	457	195	145.5	94.6	2.17	0.13
WTRCDD200	457	458	4820	201	1660	1.82	0.17
WTRCDD200	458	459	1100	505	3430	5.57	0.53
WTRCDD200	459	460	409	407	1770	4.84	0.21
WTRCDD200	460	461	488	287	244	3.03	0.11
WTRCDD200	461	462.4	395	286	2800	6.71	0.23

WTRCDD201	329	330	233	153.5	73.1	11.65	0.04
WTRCDD201	330	331.3	621	392	124	141	0.47
WTRCDD201	331.3	332	2660	1360	219	223	1.29
WTRCDD201	332	333	8890	4680	366	206	1
WTRCDD201	333	334	20700	9770	216	93.6	0.23
WTRCDD201	334	335	42800	4030	109	40.6	0.1
WTRCDD201	335	336.06	2040	317	53.2	22.7	0.13
WTRCDD201	336.06	337	4740	429	49.7	28.5	0.14
WTRCDD201	337	338	4370	212	26.1	11.05	0.05
WTRCDD201	338	339	4710	155	22.5	8.05	0.05
WTRCDD201	339	340	1270	85	16.1	4.75	0.03
WTRCDD201	340	341	862	87.4	19.1	4.75	0.04
WTRCDD201	341	342	457	256	24.7	5.68	0.04

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD201	342	343	705	269	28.2	5.13	0.04
WTRCDD201	343	344	15950	167	49.5	7.32	0.05
WTRCDD201	344	345	3840	293	32.6	4.38	0.04
WTRCDD201	345	346	6860	2840	31.9	9.6	0.05
WTRCDD201	346	347	10850	6560	37.1	13.1	0.04
WTRCDD201	347	348	16550	9140	55.7	17.25	0.03
WTRCDD201	348	349	14300	6450	52.8	14.15	0.02
WTRCDD201	349	350	20600	874	48.9	7.21	0.02
WTRCDD201	350	351	10300	329	30	5.98	0.02
WTRCDD201	351	352	495	278	15.8	5.14	0.02
WTRCDD201	352	353	849	360	18.4	6.06	0.01
WTRCDD201	353	354	440	155.5	18.3	4.36	0.01
WTRCDD201	354	355	509	162.5	18.5	4.84	0.01
WTRCDD201	355	356	1460	693	28.4	6.36	0.02
WTRCDD201	356	357	630	277	18.4	4.5	0.01
WTRCDD201	357	358	1300	422	22.4	4.84	0.01
WTRCDD201	358	359	1380	585	47.9	6.62	0.01
WTRCDD201	359	360	1320	533	41.2	6.65	0.01
WTRCDD201	360	361	1380	648	50.8	6.94	0.02
WTRCDD201	361	362	1150	437	26.5	5.63	0.01
WTRCDD201	362	363	1760	780	32.1	6.08	0.02
WTRCDD201	363	364	4040	1550	42.1	6.33	0.02
WTRCDD201	364	365	2900	1330	36.2	4.14	0.02
WTRCDD201	365	366	4570	1760	48.9	4.01	0.02
WTRCDD201	366	367	8170	1320	60.2	2.98	0.03
WTRCDD201	367	368	7060	550	254	3.19	0.09
WTRCDD201	368	369	1060	681	189.5	4.78	0.14
WTRCDD201	369	370	21900	5580	654	7.55	0.12
WTRCDD201	370	371	3910	154.5	72.6	4.85	0.09
WTRCDD201	371	372	140	45	22.8	1.24	0.05
WTRCDD201	372	373	152	30.7	34.1	0.66	0.03
WTRCDD201	373	374	168	68.7	12.9	1.32	0.05
WTRCDD201	374	375	260	79.7	11.6	1.03	0.03
WTRCDD201	375	376	216	60.5	14.7	1.13	0.03
WTRCDD201	376	377	130	51.6	14	0.99	0.03
WTRCDD201	377	378	182	39	41	0.89	0.02
WTRCDD201	378	379	191	28.1	5.1	0.7	0.02
WTRCDD201	379	379.53	240	27.1	9	0.66	0.02
WTRCDD201	379.53	380.4	290	445	112.5	15.55	0.1
WTRCDD201	380.4	381.7	3060	1620	53.5	10	0.02
WTRCDD201	381.7	383	9520	3440	55	11.95	0.03
WTRCDD201	383	384	18600	5880	139.5	17.7	0.06
WTRCDD201	384	384.3	425	722	1500	23.1	0.12
WTRCDD201	384.3	385.6	477	318	49.5	5.14	0.04
WTRCDD201	385.6	386.8	199	249	461	10.6	0.17
WTRCDD201	386.8	388	263	206	1230	7.6	0.29
WTRCDD201	388	389	179	120.5	314	2.82	0.09
WTRCDD201	389	390	242	111.5	1440	3.17	0.12
WTRCDD201	390	391	990	286	7180	4.67	0.17
WTRCDD201	391	392	216	92.1	42.4	1.8	0.17
WTRCDD201	392	392.8	1210	251	985	5.16	0.25
WTRCDD201	392.8	394	620	282	184.5	7.27	0.19

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD201	394	395	395	180.5	54.8	6.61	0.18
WTRCDD201	395	396	421	106.5	41.5	1.75	0.12
WTRCDD201	396	397	358	164	43.2	2.22	0.18
WTRCDD201	397	398	242	103.5	31.3	2.85	0.14
WTRCDD201	398	399	408	158.5	36.6	2.88	0.14
WTRCDD201	399	400	592	204	3100	6.16	0.28
WTRCDD201	400	401	584	130.5	310	2.36	0.23
WTRCDD201	401	402	608	142	136.5	2.72	0.17
WTRCDD201	402	403	608	112.5	526	1.44	0.21
WTRCDD201	403	404	493	152	205	2.21	0.26
WTRCDD201	404	405	343	80	46.4	1.68	0.16
WTRCDD201	405	406	347	152.5	212	2.23	0.3
WTRCDD201	406	406.5	393	103	1870	3.16	0.34
WTRCDD201	406.5	407.7	188	47.1	62.9	2.46	0.12
WTRCDD201	407.7	409	254	126.5	492	7.81	0.13
WTRCDD201	409	410	303	115.5	34.3	2.6	0.11
WTRCDD201	410	411	176	88.5	428	2.24	0.11
WTRCDD201	411	412	258	295	1430	7.36	0.32
WTRCDD201	412	413	200	113.5	938	2.61	0.33
WTRCDD201	413	414	139	86.8	61.8	2.04	0.12
WTRCDD201	414	415	129	82.9	2390	1.71	0.11
WTRCDD201	415	416	94	88.8	27	2.17	0.09
WTRCDD201	416	417	136	133	1890	3.12	0.13
WTRCDD201	417	418.25	2970	1130	1670	10.05	0.16
WTRCDD201	418.25	419	2600	876	20300	12	0.55
WTRCDD201	419	420	191	105.5	2430	5.08	0.15
WTRCDD201	420	421	193	85.4	1280	4.9	0.11
WTRCDD201	421	422	916	148.5	10900	5.56	0.34
WTRCDD201	422	422.62	250	180.5	3200	5.68	0.18
WTRCDD201	422.62	423.2	764	1110	46500	16.3	1.97
WTRCDD201	423.2	424	160	120.5	351	2.04	0.12
WTRCDD201	424	425	200	111	35.8	3.08	0.1
WTRCDD201	425	426	233	78	107.5	0.85	0.07
WTRCDD201	426	427	213	71.1	37.7	0.66	0.08
WTRCDD201	427	428	206	70.9	555	0.58	0.08
WTRCDD201	428	428.8	265	95.7	4030	1.88	0.1

WTRCDD202	247	248	1010	802	63.2	5.84	0.04
WTRCDD202	248	248.64	1060	480	70.8	7.37	0.07
WTRCDD202	248.64	250	2650	1320	96.6	10.35	0.08
WTRCDD202	250	251	39900	11600	348	44.3	0.09
WTRCDD202	251	251.8	5480	1690	44	7.78	0.05
WTRCDD202	252	252.3	11850	5160	107.5	14.5	0.08
WTRCDD202	252.3	252.7	58700	16950	420	36	0.07
WTRCDD202	252.8	253.8	108000	36700	1450	88.1	0.16
WTRCDD202	253.8	254.7	22100	9890	230	17.75	0.05
WTRCDD202	254.7	255.6	197500	91200	2820	106	0.13
WTRCDD202	256	257	41000	15300	426	41.8	0.04
WTRCDD202	257	258	11100	4460	183.5	24.5	0.03
WTRCDD202	258	259.34	32500	14600	453	29.3	0.1
WTRCDD202	259.34	259.95	139500	52600	1850	57.3	0.21
WTRCDD202	259.95	261.2	42400	24600	747	18.05	0.09

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD202	261.5	262.5	99700	24800	535	23.4	0.22
WTRCDD202	262.5	263.9	47800	10450	768	15.25	0.12
WTRCDD202	263.9	265	44200	8210	3360	25.8	0.14
WTRCDD202	265	266	27000	4150	243	6.97	0.11
WTRCDD202	266	267	50700	15200	144	11.75	0.17
WTRCDD202	267	268	33100	12550	142	10.7	0.17
WTRCDD202	268	269	95300	44700	319	26.6	0.17
WTRCDD202	269	270	48200	17650	309	15.8	0.11
WTRCDD202	270	270.63	15450	6320	99.8	8	0.08
WTRCDD202	270.63	272	32500	13500	91.9	12.45	0.08
WTRCDD202	272	273	9520	5010	78.1	7.08	0.07
WTRCDD202	273	274	34300	14050	183.5	19.3	0.19
WTRCDD202	274	275	8300	3940	168	13.3	0.2
WTRCDD202	275	276	9690	3220	178	10.25	0.18
WTRCDD202	276	277	11900	2450	208	12.15	0.33
WTRCDD202	277	278	14100	3700	178.5	9.51	0.19
WTRCDD202	278	279	17100	3610	146	8.27	0.1
WTRCDD202	279	280	9220	3800	229	7.33	0.07
WTRCDD202	280	281	50200	17950	473	21.4	0.16
WTRCDD202	281	282	16150	4940	175	7.85	0.14
WTRCDD202	282	283	25200	6860	377	12	0.12
WTRCDD202	283	284	3390	849	254	5.87	0.12
WTRCDD202	284	285	10800	2310	916	10.65	0.19
WTRCDD202	285	286	11200	2680	124	11.3	0.19
WTRCDD202	286	287	1920	539	309	10.15	0.27
WTRCDD202	287	288	20200	2310	513	7.68	0.19
WTRCDD202	288	289	11650	2550	786	7.28	0.29
WTRCDD202	289	290	8130	1420	259	5.42	0.26
WTRCDD202	290	291	1950	254	78.1	2.66	0.09
WTRCDD202	326	327	217	96.8	386	0.94	0.14
WTRCDD202	327	328	180	59.1	209	0.88	0.08
WTRCDD202	328	329	334	1390	1430	8.28	0.24
WTRCDD202	329	330	109	85.1	19.7	0.87	0.09
WTRCDD202	330	331	353	136.5	105	2.03	0.22
WTRCDD202	331	332	353	408	136	1.52	0.13
WTRCDD202	332	333.4	688	9500	252	5.08	2.54

WTRCDD203	306	307	180	43.9	61.6	3.07	0.02
WTRCDD203	307	308	235	119	59.9	5.05	0.03
WTRCDD203	308	309	32300	20000	290	99	0.19
WTRCDD203	309	310	37800	19050	508	86.1	0.16
WTRCDD203	310	311	4790	658	139.5	17.5	0.11
WTRCDD203	311	312	1590	401	63.7	8.34	0.06
WTRCDD203	312	313	1200	464	29.2	6.79	0.03
WTRCDD203	313	314	1510	516	34	7.76	0.04
WTRCDD203	314	315	2170	898	226	17	0.09
WTRCDD203	315	316	1120	418	40.7	7.73	0.04
WTRCDD203	316	317	4070	1230	69.6	33.1	0.07
WTRCDD203	317	318	22300	8120	282	113	0.58
WTRCDD203	318	319	80200	27000	651	155	0.24
WTRCDD203	319	320	89100	30600	916	191	0.24
WTRCDD203	320	321	26100	13150	310	72.8	0.03

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD203	321	322	50700	23400	349	109	0.11
WTRCDD203	322	323	27400	13600	252	46.9	0.04
WTRCDD203	323	324	20900	11000	72.9	31.3	0.02
WTRCDD203	324	325	31000	13600	175	55.9	0.16
WTRCDD203	325	326	20700	7760	156	48.7	0.11
WTRCDD203	326	327	13650	5510	93.5	12.85	0.05
WTRCDD203	327	328	27200	15050	102	16	0.03
WTRCDD203	328	329	16300	5530	62.8	16.8	0.04
WTRCDD203	329	330	29300	12350	104	29.5	0.06
WTRCDD203	330	331	77100	30700	482	95.5	0.16
WTRCDD203	331	332	42500	14500	276	55.2	0.19
WTRCDD203	332	333	49600	20500	242	34.1	0.05
WTRCDD203	333	334	42000	17450	175	28.9	0.04
WTRCDD203	334	335	44800	19450	176	37.8	0.06
WTRCDD203	335	336	89000	34600	420	42.5	0.08
WTRCDD203	336	337	22400	9500	200	10.25	0.02
WTRCDD203	337	338	44800	25200	213	22.8	0.03
WTRCDD203	338	339	44200	18800	264	23.5	0.03
WTRCDD203	339	340	14050	4930	95.4	6.48	0.02
WTRCDD203	340	341	17100	3090	95.3	7.73	0.03
WTRCDD203	341	342	18350	5110	129	12.15	0.02
WTRCDD203	342	343	137500	41100	564	98	0.06
WTRCDD203	343	344	30300	7990	263	32.2	0.04
WTRCDD203	344	345	14100	3890	373	12.35	-0.01
WTRCDD203	345	345.75	7770	3510	94.5	8.1	0.02
WTRCDD203	345.75	347	9980	1270	166.5	5.1	0.02
WTRCDD203	347	348	30400	7680	2290	20.9	0.02
WTRCDD203	348	349	32100	6530	965	15.9	0.02
WTRCDD203	349	350	10600	2700	71.6	6.01	0.02
WTRCDD203	350	351	5450	1440	230	6.63	0.03
WTRCDD203	351	352	6370	1710	660	11.25	0.02
WTRCDD203	352	353	6360	2300	364	13	0.03
WTRCDD203	353	354	3610	807	197.5	9.14	0.02
WTRCDD203	354	354.7	4100	694	139.5	6.14	0.01
WTRCDD203	354.7	356	12950	3640	643	19.15	0.03
WTRCDD203	356	357	6260	1670	1330	37.9	0.04
WTRCDD203	357	358	12700	1920	321	25	0.02
WTRCDD203	358	358.6	22900	2080	118.5	31.7	0.01
WTRCDD203	358.6	359	11650	862	260	27.7	0.02
WTRCDD203	359	360	6750	1150	317	29.9	0.03
WTRCDD203	360	361	4360	1570	155	17.4	0.02
WTRCDD203	361	362	6900	2210	77.3	14.1	0.03
WTRCDD203	362	363	4240	1730	41.6	9.39	0.03
WTRCDD203	363	364	2480	644	25.7	5.62	0.02
WTRCDD203	364	365.2	5690	1690	161.5	11.5	0.03
WTRCDD203	365.2	366	9410	4590	682	29.7	0.02
WTRCDD203	366	367	9380	3680	137	16.3	0.04
WTRCDD203	367	368	5280	2170	49.5	11.2	0.04
WTRCDD203	368	369	2490	718	23.6	6.82	0.03
WTRCDD203	369	370	5290	1610	35.4	11.4	0.05
WTRCDD203	370	371	4700	1140	39.8	11.8	0.07
WTRCDD203	371	371.4	3460	885	33.8	7.55	0.04

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD203	371.4	372	8730	3450	105	34.5	0.11
WTRCDD203	372	373	22100	19150	199	34.7	0.05
WTRCDD203	373	374	3790	1740	40.6	7.72	0.01
WTRCDD203	374	375	30400	6870	111	24.6	0.05
WTRCDD203	375	376	7510	2440	54.8	7	0.01
WTRCDD203	376	377	5390	1730	101.5	7.28	0.01
WTRCDD203	377	378	835	650	38.8	3.64	0.01
WTRCDD203	378	379	12800	4580	79.3	9.54	0.01
WTRCDD203	379	380	22200	6760	78.1	9.13	0.04
WTRCDD203	380	381	24000	7610	75.1	5.66	0.02
WTRCDD203	381	381.8	3130	619	23	1.54	0.01
WTRCDD203	381.8	383	31400	11300	70.5	4.88	0.01
WTRCDD203	383	384	40300	10050	90.9	3.95	0.03
WTRCDD203	384	385	64700	16000	92.1	6.21	0.05
WTRCDD203	385	386	33300	4460	37.8	2.54	0.06
WTRCDD203	386	387	23100	4500	41.7	2.61	0.05
WTRCDD203	387	388	26700	9020	89.2	4.98	0.05
WTRCDD203	388	389	20300	8350	30.6	5.65	0.02
WTRCDD203	389	390	41200	8560	98.6	16.9	0.07
WTRCDD203	390	391	18050	5460	62.3	17.75	0.06
WTRCDD203	391	392	26200	7320	68.9	14.3	0.05
WTRCDD203	392	393	1760	620	103	13.4	0.12
WTRCDD203	393	394	820	464	90.9	13.55	0.12
WTRCDD203	394	395	3160	522	214	11	0.19
WTRCDD203	395	396	1250	514	2780	11.45	0.21
WTRCDD203	396	397	3560	753	1880	10.85	0.22
WTRCDD203	397	398	3500	721	1750	9.89	0.18
WTRCDD203	398	399	1200	492	3320	12.8	0.37
WTRCDD203	399	399.4	534	222	3910	3.95	0.11
WTRCDD203	399.4	400	671	273	1320	4.97	0.19
WTRCDD203	400	401	579	240	85.3	4.03	0.2
WTRCDD203	401	402	677	296	53.3	4.54	0.16
WTRCDD203	402	403	555	314	53.7	6.1	0.14
WTRCDD203	403	404	977	189.5	285	5.3	0.11
WTRCDD203	404	405	12000	1230	95.8	2.07	0.05
WTRCDD203	405	406	207	64.3	105.5	1.65	0.06
WTRCDD203	406	407	364	112.5	18.1	3.28	0.08
WTRCDD203	407	408	387	246	37.1	4.15	0.08
WTRCDD203	408	409	292	202	18.9	3.97	0.08
WTRCDD203	409	410	339	203	42.9	3.07	0.05
WTRCDD203	410	411	187	154.5	546	4.84	0.04
WTRCDD203	411	411.5	263	126	1480	5.13	0.05

WTRCDD204	345	346	663	354	70.6	5	0.01
WTRCDD204	346	347	865	404	85.2	8.47	0.02
WTRCDD204	347	348.2	8020	5030	1670	81.3	0.05
WTRCDD204	348.2	349.3	107500	49700	19950	591	1.42
WTRCDD204	349.3	350	62500	78000	3630	280	0.41
WTRCDD204	350	351	95200	101000	3840	646	0.45
WTRCDD204	351	351.9	216000	177500	5130	1110	0.05
WTRCDD204	351.9	353.1	10950	4000	74.9	33.7	0.14
WTRCDD204	353.1	354	19250	4080	82.7	40.8	0.08

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD204	354	355	8780	2560	55.8	26.6	0.04
WTRCDD204	355	356	19550	8320	159.5	24.9	0.1
WTRCDD204	356	357	16150	6780	125	14.85	0.02
WTRCDD204	357	358	14650	5140	86	9.13	0.02
WTRCDD204	358	359	12650	3190	172.5	6.7	0.03
WTRCDD204	359	360	12000	3750	1560	16.1	0.04
WTRCDD204	360	361	11250	2830	149.5	18.8	0.09
WTRCDD204	361	362	14550	3010	44.8	13.25	0.06
WTRCDD204	362	363	20300	3290	111	11.75	0.06
WTRCDD204	363	364	5660	1035	103	2.93	0.04
WTRCDD204	364	365	4450	585	52.3	1.64	0.03
WTRCDD204	365	366	23100	3100	221	6.51	0.06
WTRCDD204	366	367.1	13550	2360	150	12.2	0.09
WTRCDD204	367.1	367.9	5950	1370	203	59.2	0.32
WTRCDD204	367.9	369	396	182.5	24.3	4.4	0.09
WTRCDD204	369	370	85	59.9	15.9	1.58	0.04
WTRCDD204	370	371	753	726	24.6	2.19	0.06
WTRCDD204	371	372	7750	2270	1180	5.12	0.04
WTRCDD204	372	373	1520	970	458	9.77	0.18
WTRCDD204	373	374	1160	634	134	21	0.28
WTRCDD204	374	375.25	1110	526	2550	19.6	0.43
WTRCDD204	375.25	376	1090	174	984	7.24	0.16
WTRCDD204	376	377	758	205	1930	9.96	0.24
WTRCDD204	377	378	289	110.5	172	3.43	0.1
WTRCDD204	378	379	416	139	80.2	3.32	0.22
WTRCDD204	379	380	960	541	372	4.64	0.16
WTRCDD204	380	381	3070	669	320	6.57	0.25
WTRCDD204	381	382	4210	268	216	4.12	0.19
WTRCDD204	382	383	2380	224	212	11.25	0.25
WTRCDD204	383	383.8	709	262	494	20.2	0.4
WTRCDD204	383.8	385	651	624	329	36.1	1.42
WTRCDD204	385	385.55	700	1110	1910	48.8	0.28
WTRCDD204	385.55	386	1450	325	695	23.6	0.35
WTRCDD204	386	387	427	356	663	14.6	0.27
WTRCDD204	387	388	550	384	5800	26.2	0.24
WTRCDD204	388	389	721	434	2720	9.65	0.15
WTRCDD204	389	390	169	81.9	98.4	2.82	0.13
WTRCDD204	390	391	465	227	72.8	5	0.18
WTRCDD204	391	392	558	251	87.4	3.07	0.2
WTRCDD204	392	393	607	243	47.1	2.81	0.12
WTRCDD204	393	393.55	1520	225	1550	6.12	0.27
WTRCDD204	393.55	394	299	380	1840	15.1	1.15
WTRCDD204	394	395.3	544	246	859	6.96	0.63
WTRCDD204	395.3	396.3	505	130.5	693	2.59	0.19
WTRCDD204	396.3	397	276	109	37.6	2.9	0.27
WTRCDD204	397	398	235	148.5	115	3.11	0.2
WTRCDD204	398	399.05	804	259	15000	10.35	0.3
WTRCDD204	399.05	400	687	289	2940	2.67	0.11
WTRCDD204	400	401	282	148.5	40.9	1.77	0.12
WTRCDD204	401	402	494	108	222	1.55	0.12
WTRCDD204	402	403	605	158	489	1.52	0.1
WTRCDD204	403	404	426	90.4	108.5	1.09	0.11

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD204	404	405	160	62.4	33.9	1.13	0.07
WTRCDD204	405	405.5	230	65.5	22.6	2.25	0.07

WTRCDD206	230	231	2310	660	116	27.4	0.03
WTRCDD206	231	232	954	553	122.5	31.7	0.05
WTRCDD206	232	233	1250	905	105.5	39.2	0.03
WTRCDD206	233	233.7	1330	341	22	18.45	0.02
WTRCDD206	234.2	234.4	880	244	24.7	16.35	0.01
WTRCDD206	234.9	235.8	1560	988	38.3	34.4	0.02
WTRCDD206	235.8	236.8	3200	1680	41	34.3	0.01
WTRCDD206	236.8	237.6	18750	6630	54.2	64.9	0.01
WTRCDD206	237.8	238.2	11000	2460	58.6	51.4	0.01
WTRCDD206	238.6	240	30000	8180	95.7	112	0.01
WTRCDD206	240	241	4790	2170	61.6	66.6	0.01
WTRCDD206	241	242	6010	2130	67.8	71.7	0.01
WTRCDD206	242	243	51000	18400	191.5	135	0.02
WTRCDD206	243	244	25000	4210	113	49.8	0.01
WTRCDD206	244	245	27700	12850	128	79.9	0.01
WTRCDD206	245	246	37800	11650	122.5	67.4	0.01
WTRCDD206	246	247	63000	11500	160.5	77.9	0.01
WTRCDD206	247	248	16750	3920	91	42.3	0.01
WTRCDD206	248	249	19950	7290	80.3	50.6	0.01
WTRCDD206	249	250	31400	11800	88.8	60.6	0.01
WTRCDD206	250	251	9970	2670	56.7	25	-0.01
WTRCDD206	251	252	15100	4820	105.5	37.9	-0.01
WTRCDD206	252	253	11950	3200	98.9	28.5	-0.01
WTRCDD206	253	254	11550	3760	86.7	19.5	-0.01
WTRCDD206	254	255	27800	8260	78.4	24.1	-0.01
WTRCDD206	255	256	6450	1460	50.2	13.1	-0.01
WTRCDD206	256	257	3940	827	49.8	10.7	-0.01
WTRCDD206	257	258	6830	1110	62.4	11.65	-0.01
WTRCDD206	258	259	4560	1310	43.4	10.55	-0.01
WTRCDD206	259	260	4090	1740	47.1	9.49	-0.01
WTRCDD206	260	261	10450	1590	52.9	8.29	-0.01
WTRCDD206	261	262	7120	1880	42.9	7.59	-0.01
WTRCDD206	262	263	16850	3120	45.8	8.37	-0.01
WTRCDD206	263	264	15850	3860	49	9.78	0.03
WTRCDD206	264	265	6000	4750	52.3	12.7	0.01
WTRCDD206	265	266	9880	1100	53.1	12.25	-0.01
WTRCDD206	266	267	12100	2880	45.6	8.13	-0.01
WTRCDD206	267	268	11500	3350	46.6	7.49	0.02
WTRCDD206	268	269	17050	5860	62.1	10.9	-0.01
WTRCDD206	269	270	20500	15000	64.8	18.4	-0.01
WTRCDD206	270	271	16700	4460	53.7	8.64	-0.01
WTRCDD206	271	272	11650	2430	42.7	5.65	-0.01
WTRCDD206	272	273	6620	2400	50.6	7.06	-0.01
WTRCDD206	273	274	13750	2890	44.9	6.76	-0.01
WTRCDD206	274	275	12250	2170	41.6	5.32	-0.01
WTRCDD206	275	276	7870	1830	40.6	5.4	-0.01
WTRCDD206	276	277	13900	2640	41.9	6.64	0.01
WTRCDD206	277	278	14050	2930	43.6	5.65	-0.01
WTRCDD206	278	279	9630	4730	54.3	6.89	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD206	279	280	11700	2230	63	5.62	-0.01
WTRCDD206	280	281	9110	4190	61.4	12.95	0.02
WTRCDD206	281	282	6470	1425	60.6	18.1	0.02
WTRCDD206	282	283	1450	914	55.4	26.7	0.01
WTRCDD206	283	284	292	212	55.1	12.65	0.02
WTRCDD206	284	285	10800	2520	107	9.47	0.03
WTRCDD206	285	286	25200	11400	184.5	8.06	0.03
WTRCDD206	286	287	33400	12050	138.5	9.18	0.02
WTRCDD206	287	288	21300	9340	103.5	11.2	0.02
WTRCDD206	288	289	35500	8250	145	14.3	0.03
WTRCDD206	289	290	26800	8090	118	12.7	0.03
WTRCDD206	290	291	16650	4790	99.7	10.1	0.03
WTRCDD206	291	292	20100	7220	96	8.31	0.03
WTRCDD206	292	293	18500	4450	116.5	12.35	0.04
WTRCDD206	293	294	23600	6140	128	12.7	0.04
WTRCDD206	294	295	52200	11500	202	18.7	0.07
WTRCDD206	295	296	34500	9780	139	15.85	0.05
WTRCDD206	296	297.2	8720	5600	149	19.05	0.1

WTRCDD207	162	163	11350	2920	114.5	19.9	0.09
WTRCDD207	163	163.5	67700	26700	560	78.4	0.81
WTRCDD207	163.6	164.8	117	59.4	45.7	0.14	0.01
WTRCDD207	164.8	166	2020	5350	377	26.3	0.51
WTRCDD207	166	167	9710	3480	151	17	0.06
WTRCDD207	167	168	9610	4090	81.7	14.45	0.04
WTRCDD207	168	169.3	7250	2770	89.9	5.45	0.07
WTRCDD207	169.3	170	115000	63500	609	47.2	0.73
WTRCDD207	170	171	110500	54600	806	44	0.57
WTRCDD207	171	172.05	33200	13300	242	12.6	0.25
WTRCDD207	172.05	173	69500	27600	477	29.5	0.35
WTRCDD207	173	174	31700	12950	189.5	24.8	0.28
WTRCDD207	174	175	33600	7180	127	14.2	0.31
WTRCDD207	175	176	10550	3670	123.5	21.7	0.57
WTRCDD207	176	177	51500	8700	484	24.3	0.38
WTRCDD207	177	178	19800	3920	203	11.1	0.22
WTRCDD207	178	179.2	36500	6790	162	24.3	0.5
WTRCDD207	180	181.2	11700	3710	40.1	8.6	0.08
WTRCDD207	181.4	182.6	29800	2920	191.5	3.27	0.12
WTRCDD207	183	183.5	12950	1330	722	2.3	0.18
WTRCDD207	183.5	184	21800	1860	3060	3.86	0.48
WTRCDD207	184	184.6	20600	2790	2610	4.34	0.4
WTRCDD207	185	185.9	18750	1660	1600	3.5	0.35
WTRCDD207	185.9	186.4	15950	1160	3200	4.44	0.28
WTRCDD207	186.5	187	4670	626	978	1.44	0.1
WTRCDD207	187	188	21100	1660	463	1.32	0.08
WTRCDD207	188	189	1020	89.3	183	0.46	0.05
WTRCDD207	189	190	860	116.5	119.5	0.61	0.05
WTRCDD207	190	191	556	81.6	86.1	0.29	0.04
WTRCDD207	191	192	2630	174	480	1.08	0.13
WTRCDD207	192	193	2620	90.7	68.3	0.64	0.15
WTRCDD207	193	194	292	62.4	17.7	0.51	0.11
WTRCDD207	194	195	524	132	753	1.31	0.11

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD207	195	196	345	169.5	1540	2.19	0.13
WTRCDD207	196	197	668	270	159.5	0.76	0.03
WTRCDD207	197	198	798	182	60.8	1	0.21
WTRCDD207	198	199	910	53	104.5	0.77	0.17
WTRCDD207	199	200	1010	221	22.5	0.65	-0.01
WTRCDD207	200	201	817	424	48.3	1.52	0.01
WTRCDD207	201	202	2010	867	41.4	1.31	0.03
WTRCDD207	202	203	1550	1020	20.7	1.5	0.02
WTRCDD207	203	204	1240	175.5	349	1.74	0.03
WTRCDD207	204	205	789	55	276	1.33	0.03
WTRCDD207	205	206	4640	103	38.9	0.65	0.04
WTRCDD207	206	207	1640	70.8	27.2	1.07	0.02
WTRCDD207	207	208	1150	323	106	1.1	0.04
WTRCDD207	208	209	431	91.2	32.8	0.55	0.03
WTRCDD207	209	210	1290	131.5	20	0.88	0.03
WTRCDD207	210	211	5970	1770	39.3	1.27	0.01
WTRCDD207	211	212	8710	3510	87.4	2.03	0.01
WTRCDD207	212	213	5240	1610	21.9	0.72	0.01
WTRCDD207	213	214	7270	2410	37	1.43	0.02
WTRCDD207	214	215	10500	2950	50.3	1.35	0.02
WTRCDD207	215	216	8560	1370	84.2	2.18	0.06
WTRCDD207	216	217	4020	911	9.9	0.52	0.02
WTRCDD207	217	218	3610	1050	22.9	1.28	0.02
WTRCDD207	218	219	4630	1120	115.5	1.38	0.03
WTRCDD207	219	220	8240	3360	45.7	2.67	0.03
WTRCDD207	220	221	3880	1320	316	1.64	0.02
WTRCDD207	221	222	12100	3130	1060	4.92	0.06
WTRCDD207	222	223	8690	2280	31.7	1.9	0.02
WTRCDD207	223	224	5750	2670	58.7	2	0.02
WTRCDD207	224	225	4480	1730	29.1	1.58	0.02
WTRCDD207	225	226	6190	3130	118.5	1.96	0.04
WTRCDD207	226	227	5740	2440	53.5	1.25	0.02
WTRCDD207	227	228	12500	4860	49.3	2.96	0.02
WTRCDD207	228	229	7560	2270	37.4	1.6	0.02
WTRCDD207	229	230	6650	2890	29.9	1.72	0.01
WTRCDD207	230	231	6790	2220	25.1	1.27	0.02
WTRCDD207	231	232	3430	2370	31.3	1.4	0.02
WTRCDD207	232	233	8070	2580	51.7	1.67	0.01
WTRCDD207	233	234	13850	3390	102.5	2.41	0.02
WTRCDD207	234	235	8590	1730	257	2.51	0.05
WTRCDD207	235	236	9550	3330	178	3.17	-0.01
WTRCDD207	236	237	3070	926	29	0.87	0.02
WTRCDD207	237	238	3570	989	7.4	0.88	0.01
WTRCDD207	238	239	4620	1630	10.7	1.27	0.02
WTRCDD207	239	240	3250	910	8.6	0.77	0.02
WTRCDD207	240	241	1930	260	19.7	0.78	0.05
WTRCDD207	241	242	3710	641	12.9	0.79	0.02
WTRCDD207	242	243	5630	1560	31.5	1.15	0.02
WTRCDD207	243	243.85	4420	691	54.2	1.26	0.04
WTRCDD207	243.85	245	5970	1600	1860	8.11	0.08
WTRCDD207	245	246	9520	2830	104.5	1.48	0.01
WTRCDD207	246	247	6580	2910	391	1.58	0.01

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD207	247	248	7580	3070	157.5	1.27	0.02
WTRCDD207	248	249	3900	1820	18.3	0.88	0.03
WTRCDD207	249	250	3770	801	20.6	0.79	0.02
WTRCDD207	250	251	7110	2300	98	2.17	0.02
WTRCDD207	251	252	4100	1370	69.7	1.47	0.01
WTRCDD207	252	253	3560	1310	66.7	1.24	0.01
WTRCDD207	253	254	4000	1450	162.5	1.33	0.01
WTRCDD207	254	255	2210	367	190	1.03	0.03
WTRCDD207	255	255.5	943	72.3	104	0.8	0.04

WTRCDD208	171	172	284	201	78.7	4.4	0.03
WTRCDD208	172	173	243	123	74	2.83	0.02
WTRCDD208	173	174	662	242	64	5.32	0.03
WTRCDD208	174	175	1520	409	56.9	7.37	0.03
WTRCDD208	175	176	2430	1200	56	8.72	0.02
WTRCDD208	176	177	7390	8780	70.3	22.9	0.05
WTRCDD208	177	178	60500	33400	265	46.4	0.09
WTRCDD208	178	179	75800	26900	838	21.8	0.11
WTRCDD208	179	180	86800	37900	350	31.1	0.21
WTRCDD208	180	181	90100	31300	215	55.5	0.4
WTRCDD208	181	182	68500	23800	363	21.2	0.31
WTRCDD208	182	183	27500	11250	76.8	8.91	0.08
WTRCDD208	183	184	38300	10400	102.5	8.29	0.17
WTRCDD208	184	185	30400	11650	116.5	6.42	0.18
WTRCDD208	185	186	42200	16350	162	6.6	0.1
WTRCDD208	186	187	70100	27300	429	9.52	0.24
WTRCDD208	187	188	35300	16050	169	5.49	0.14
WTRCDD208	188	189	74800	23500	271	8.45	0.23
WTRCDD208	189	190	68600	17200	324	7.22	0.13
WTRCDD208	190	191	20200	2210	928	2.22	0.07
WTRCDD208	191	192	3950	1980	31.3	1.16	0.07
WTRCDD208	192	193	4340	1570	41.4	1.14	0.08
WTRCDD208	193	194	12700	5710	2380	6.97	0.17
WTRCDD208	194	195	44400	21100	775	13.85	0.22
WTRCDD208	195	196	8980	3550	68.8	2.77	0.12
WTRCDD208	196	197	1680	865	311	2.1	0.14
WTRCDD208	197	198	458	409	1530	2.33	0.18
WTRCDD208	198	199	158	100.5	898	1.56	0.2
WTRCDD208	199	200	209	154	78.6	1.19	0.12
WTRCDD208	200	201	705	295	525	5.12	0.11
WTRCDD208	201	202	1270	367	353	4.55	0.07
WTRCDD208	202	203	493	187.5	79.3	2.89	0.07
WTRCDD208	203	204	72	128.5	190.5	3.02	0.04
WTRCDD208	204	205	2050	416	151	3.52	0.06
WTRCDD208	205	206	358	245	1440	8.19	0.12
WTRCDD208	206	207	322	187	119.5	6.33	0.19
WTRCDD208	207	208	4530	1020	901	9.82	0.17
WTRCDD208	208	209	927	355	370	10.55	0.25
WTRCDD208	209	210	5110	400	82	2.43	0.03
WTRCDD208	210	211	3920	866	22.9	2.75	0.02
WTRCDD208	211	212	2550	807	52.2	7.6	0.03
WTRCDD208	212	213	289	205	43.2	6.74	0.04

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD208	213	214	13400	4600	225	9.21	0.06
WTRCDD208	214	215	17550	2760	168.5	8.78	0.08
WTRCDD208	215	216	16850	4370	261	7.94	0.09
WTRCDD208	216	217	11500	1360	649	6.25	0.12
WTRCDD208	217	218	1400	414	377	3.09	0.07
WTRCDD208	218	219	1500	145	29.2	0.57	0.01
WTRCDD208	219	220	2540	153	21.4	0.49	0.01
WTRCDD208	220	221	9180	1670	27.2	2.45	0.04
WTRCDD208	221	222	1380	110.5	75	1.01	0.03
WTRCDD208	222	223	11300	1270	25.3	1.54	0.03
WTRCDD208	223	224	28200	4760	52.5	3.79	0.03
WTRCDD208	224	225	8880	2730	20.3	2.12	0.02
WTRCDD208	225	226	6450	833	153.5	1.41	0.02
WTRCDD208	226	227	5110	194.5	701	2.04	0.02
WTRCDD208	227	228	1180	132	306	1.23	0.01
WTRCDD208	228	229	2590	85.4	302	1.16	0.02
WTRCDD208	229	230	5210	1160	293	1.65	0.01
WTRCDD208	230	231	7180	2620	25.3	1.86	0.02
WTRCDD208	231	232	5600	2290	11.1	1.75	0.01
WTRCDD208	232	233	3810	474	13	0.75	0.02
WTRCDD208	233	234	1500	43.4	20.1	0.35	0.01
WTRCDD208	234	235	688	84.5	23.8	0.45	0.01
WTRCDD208	235	236	640	47	10.5	0.41	0.01
WTRCDD208	236	237	1480	570	815	3.72	0.03
WTRCDD208	237	238	501	217	188	1.66	0.03
WTRCDD208	238	239	356	126.5	35.1	0.96	0.03
WTRCDD208	239	240	3720	930	74.3	1.7	0.02
WTRCDD208	240	241	1840	84.6	219	1.56	0.04
WTRCDD208	241	242	2280	190	46.4	1.02	0.03
WTRCDD208	242	243	7960	2990	892	3.18	0.02
WTRCDD208	243	244	16050	7120	1080	5.4	0.02
WTRCDD208	244	245	6540	1790	264	1.38	0.03
WTRCDD208	245	246	3550	515	632	1.34	0.02
WTRCDD208	246	247	4750	803	728	1.51	0.02
WTRCDD208	247	248	9690	2550	29.2	1.29	0.01
WTRCDD208	248	249	7810	2900	36.7	1.41	0.01
WTRCDD208	249	250	17850	3870	62.2	2.1	0.01
WTRCDD208	250	251	11550	4460	34.2	2.27	0.01
WTRCDD208	251	252	15650	7600	45.9	2.98	0.01
WTRCDD208	252	253	13750	3920	61.3	3.62	0.02
WTRCDD208	253	254	6480	3180	41.4	6.69	0.01
WTRCDD208	254	255	9550	6240	120.5	6.67	0.03
WTRCDD208	255	256	1400	1460	144	6.82	0.02
WTRCDD208	256	257	513	201	410	5.44	0.02
WTRCDD208	257	258	6080	416	198.5	5.85	0.06
WTRCDD208	258	259	3310	86.9	178	2.99	0.06
WTRCDD208	259	260	6690	167	109	1.64	0.04
WTRCDD208	260	261	5910	1920	49.9	1.82	0.03
WTRCDD208	261	262	11650	2930	294	2.4	0.03
WTRCDD208	262	263	10650	3020	190.5	2.36	0.03
WTRCDD208	263	264	13500	3760	365	2.89	0.03
WTRCDD208	264	265	4060	317	200	1.25	0.05

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD208	265	266	14550	4770	94.8	3.03	0.04
WTRCDD208	266	267	8740	1780	712	4.59	0.14
WTRCDD208	267	268	13800	2030	883	4.76	0.05
WTRCDD208	268	269	7220	2460	115.5	1.52	0.01
WTRCDD208	269	270	9930	3810	114.5	1.88	0.01
WTRCDD208	270	271	11700	5690	343	2.91	0.01
WTRCDD208	271	272	13550	4640	244	2.63	0.02
WTRCDD208	272	273	14600	4020	635	3.36	0.02
WTRCDD208	273	274	10550	4210	52.4	2.18	-0.01
WTRCDD208	274	275	8430	2810	223	1.97	0.02
WTRCDD208	275	276	7020	2790	72.3	1.57	-0.01
WTRCDD208	276	277	9310	3140	1290	4.38	0.01
WTRCDD208	277	278	12400	3510	217	3.27	-0.01
WTRCDD208	278	279	18600	5040	1830	7.64	-0.01
WTRCDD208	279	280	21400	5640	176.5	4.55	-0.01
WTRCDD208	280	281	6630	2010	29.6	1.47	-0.01
WTRCDD208	281	282	8050	2160	39.2	1.57	-0.01
WTRCDD208	282	283	4830	2110	13	1.46	-0.01
WTRCDD208	283	284	5720	1980	27.8	1.78	-0.01
WTRCDD208	284	285	13150	3840	24.5	2.66	-0.01
WTRCDD208	285	286	12550	3050	24.3	2.17	0.01
WTRCDD208	286	287	6350	1690	23.9	1.7	-0.01
WTRCDD208	287	288	6210	1660	20.9	1.88	0.01

WTRCDD209	307	308	134	63	43.6	1.57	0.02
WTRCDD209	308	309	172	63.7	45.3	0.91	-0.01
WTRCDD209	309	310	138	64.9	48.4	1.42	0.01
WTRCDD209	310	311	168	65.1	54.9	2.47	0.02
WTRCDD209	311	312	1570	764	555	10.1	0.04
WTRCDD209	312	313	40700	37200	801	101	0.26
WTRCDD209	313	314	17850	7280	199.5	22.1	0.14
WTRCDD209	314	315	19300	6590	220	12.25	0.09
WTRCDD209	315	316.1	38600	9980	433	14.15	0.1
WTRCDD209	316.1	317	10800	4140	229	4.97	0.04
WTRCDD209	317	318	16200	6800	141.5	6.15	0.06
WTRCDD209	318	319	21800	9590	186.5	8.1	0.05
WTRCDD209	319	320	21300	4930	164	5.28	0.03
WTRCDD209	320	321	8510	2830	61	4.37	0.03
WTRCDD209	321	322	6560	534	46.2	2.33	0.08
WTRCDD209	322	323	9200	1700	127	4.09	0.06
WTRCDD209	323	324	6190	689	58.3	2.59	0.11
WTRCDD209	324	325	986	682	34.3	2.23	0.04
WTRCDD209	325	326	1780	1130	50.5	2.71	0.04
WTRCDD209	326	327	5930	2630	72.9	4.42	0.04
WTRCDD209	327	328	3330	1010	43.4	3.15	0.05
WTRCDD209	328	329	1850	655	26.3	2.75	0.04
WTRCDD209	329	330	747	392	15.2	3.56	0.04
WTRCDD209	330	331	1350	426	19.7	4.08	0.06
WTRCDD209	331	332	21900	9710	350	9.72	0.37
WTRCDD209	332	333	20200	13650	379	15.25	2.29
WTRCDD209	333	334.25	6520	3640	111.5	13.7	0.17
WTRCDD209	334.25	335	18900	7000	138.5	19.25	0.24

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD209	335	336	6790	1530	77.7	15.45	0.23
WTRCDD209	336	337	9060	3340	88.4	43.9	0.28
WTRCDD209	337	338	22800	12200	238	50.6	0.28
WTRCDD209	338	339	32800	6030	575	26.8	0.26
WTRCDD209	339	340	31700	12500	1040	32.2	0.25
WTRCDD209	340	341	61800	26400	7540	55.4	0.57
WTRCDD209	341	342	154500	40100	4490	53.2	0.79
WTRCDD209	342	342.62	171000	36900	2000	51.8	0.79
WTRCDD209	342.62	343.43	45000	28100	397	29.3	0.25
WTRCDD209	343.43	344.23	31200	8270	490	10.7	0.19
WTRCDD209	344.23	345.25	119000	123000	3590	97.6	0.55
WTRCDD209	345.25	346.3	30400	11900	568	12.35	0.21
WTRCDD209	346.3	347.52	35600	9910	8720	38.5	1.2
WTRCDD209	347.52	347.88	1790	580	232	2.01	0.03
WTRCDD209	347.88	349	13750	2390	9730	33.6	1.12
WTRCDD209	349	349.75	12100	3710	4850	23.6	0.59
WTRCDD209	349.75	350.8	14250	4890	2960	10.25	0.16
WTRCDD209	350.8	351.3	16500	3640	20600	42.9	0.47
WTRCDD209	351.3	351.8	4500	941	2140	11.65	0.26
WTRCDD209	351.8	352.3	29500	4210	7480	30.4	0.58
WTRCDD209	352.3	353	2930	524	329	4.65	0.13
WTRCDD209	353	353.8	3390	2080	6770	13.8	0.09
WTRCDD209	353.8	355.08	14450	5500	19850	46.8	0.38
WTRCDD209	355.08	356.34	13800	2930	22800	48.3	0.62
WTRCDD209	356.34	357.42	5660	3240	18100	33.8	0.44
WTRCDD209	357.42	358	546	388	5700	13.65	0.12
WTRCDD209	358	359	186	159	70.3	1.6	0.08
WTRCDD209	359	360	225	137.5	134.5	1.18	0.1
WTRCDD209	360	361.1	1040	488	3360	15.4	0.26
WTRCDD209	361.1	362	1230	342	383	3.62	0.14
WTRCDD209	362	363	1190	563	7010	16.35	0.13
WTRCDD209	363	364	2320	1670	10600	18.95	0.15
WTRCDD209	364	365.3	489	881	3030	7.32	0.06
WTRCDD209	365.3	366	848	1640	11100	27.3	0.27
WTRCDD209	366	366.5	7400	3010	15200	32.4	0.29
WTRCDD209	366.5	367	1430	372	1300	3.58	0.09
WTRCDD209	367	368	5750	1480	5270	12.55	0.28
WTRCDD209	368	369	211	163	1020	2.83	0.13
WTRCDD209	369	370.25	2100	463	8030	18.55	0.26
WTRCDD209	370.25	371	7250	276	6130	14.75	0.49
WTRCDD209	371	371.7	2510	474	4650	13.85	0.75
WTRCDD209	371.7	372.8	4580	450	5190	11.2	0.67
WTRCDD209	372.8	373.9	258	171	6770	5.87	0.3
WTRCDD209	373.9	374.45	622	419	34400	24.8	0.58
WTRCDD209	374.45	375.2	467	356	28200	17.5	0.75
WTRCDD209	375.2	376.25	378	237	984	3.29	0.36
WTRCDD209	376.25	377	686	500	17400	10.7	0.47
WTRCDD209	377	378	446	208	12250	9.46	0.63
WTRCDD209	378	379	2910	236	36300	23	1.66
WTRCDD209	379	380	831	207	40000	28.2	1.79
WTRCDD209	380	380.5	722	351	42600	40.2	0.97
WTRCDD209	380.5	381	463	171	4480	11.7	0.39

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD209	381	381.85	373	99.8	516	1.37	0.27
WTRCDD209	381.85	383	862	281	24100	21.6	0.47
WTRCDD209	383	384	365	129.5	3070	2.38	0.52
WTRCDD209	384	385	454	128.5	6220	3.86	0.85
WTRCDD209	385	386	339	132.5	295	1.49	0.59
WTRCDD209	386	387	306	184	342	2.61	0.53
WTRCDD209	387	388	203	115.5	79.2	1.34	0.35
WTRCDD209	388	389	222	61.3	32.9	0.83	0.15
WTRCDD209	389	390	351	116.5	106	3.97	0.26
WTRCDD209	390	391	340	161.5	59.3	4.14	0.21
WTRCDD209	391	391.9	207	212	1700	4.46	0.42
WTRCDD209	391.9	392.7	479	1060	8870	8.83	0.9
WTRCDD209	392.7	394	299	258	2480	3.68	0.32
WTRCDD209	394	395	375	181.5	8870	8.41	0.27
WTRCDD209	395	396	454	252	16550	11.95	0.48
WTRCDD209	396	397	675	410	12650	41	0.63
WTRCDD209	397	398	461	379	19200	17.1	0.63
WTRCDD209	398	399	2320	1190	588	3.96	0.08
WTRCDD209	399	400	5000	1450	3610	4.66	0.19
WTRCDD209	400	401	7210	779	4190	4.66	0.19
WTRCDD209	401	401.9	9530	530	2630	3.57	0.1
WTRCDD209	401.9	403	10650	422	19550	9.28	0.42
WTRCDD209	403	404	8810	3280	8080	5.81	0.36
WTRCDD209	404	405.15	5210	1260	10000	6.49	0.42
WTRCDD209	405.15	406	4350	2000	3310	2.99	0.12
WTRCDD209	406	407	26300	5710	279	5.92	0.12
WTRCDD209	407	408	10950	3860	4560	10.25	0.49
WTRCDD209	408	409	419	432	3040	13.55	0.9
WTRCDD209	409	410	4030	1590	5660	12.95	1.87
WTRCDD209	410	411	201	214	2000	5.88	0.44
WTRCDD209	411	412	182	293	68.7	8.44	0.22
WTRCDD209	412	413	627	382	67.3	2.88	0.15
WTRCDD209	413	414	378	386	329	3.65	0.22
WTRCDD209	414	415	240	374	591	1.99	0.14
WTRCDD209	415	416	245	239	5010	2.68	0.47
WTRCDD209	416	417	361	431	4000	2.39	0.18
WTRCDD209	417	418	3010	629	145.5	4.68	0.28
WTRCDD209	418	419	156	358	2490	7.23	0.24
WTRCDD209	419	419.9	229	274	4130	3.55	0.33
WTRCDD209	419.9	420.5	275	240	20100	6.2	0.41

WTRCDD211	248	249	362	120.5	46.8	3.33	0.02
WTRCDD211	249	250	2360	1230	73.9	12.85	0.03
WTRCDD211	250	251	41300	6960	529	67.2	0.06
WTRCDD211	251	251.6	14800	3520	72.8	17.05	0.04
WTRCDD211	252.1	253.1	23500	3750	180	12.1	0.03
WTRCDD211	253.1	254.4	9970	162.5	283	2.3	0.02
WTRCDD211	254.7	255.7	298	72.8	26.2	1.83	0.03
WTRCDD211	255.7	256.7	187	102	33.1	2.13	0.03
WTRCDD211	256.7	257.5	278	341	67.9	2.22	0.06
WTRCDD211	257.6	259	86900	23100	273	12.85	0.06
WTRCDD211	259	260	58800	29200	393	16.35	0.05

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD211	260	261	9680	5120	93.5	3.94	0.06
WTRCDD211	261	262	1420	373	88	2.73	0.22
WTRCDD211	262	263	2410	1640	145.5	6.92	0.11
WTRCDD211	263	264	1240	675	38.7	2.36	0.07
WTRCDD211	264	265	3390	298	39.7	2.53	0.1
WTRCDD211	265	266	3960	268	33.2	3.07	0.09
WTRCDD211	266	267.3	4360	239	35.1	1.76	0.09
WTRCDD211	267.5	268.1	156000	371	246	8.96	0.09
WTRCDD211	268.5	269	92000	395	167	5.46	0.15
WTRCDD211	269	270	77500	638	162.5	2.02	0.15
WTRCDD211	270	271	15350	406	2470	2.52	0.16
WTRCDD211	271	272	2300	410	3330	2.22	0.19
WTRCDD211	272	273	14850	155	2510	1.18	0.18
WTRCDD211	273	274	800	154	3870	1.29	0.14
WTRCDD211	274	275	407	125	2160	1.15	0.17
WTRCDD211	275	276	168	235	532	2.27	0.29
WTRCDD211	276	277	466	149.5	483	1.13	0.43
WTRCDD211	277	278	608	127.5	202	1.3	0.73
WTRCDD211	278	279	261	334	78.8	1.3	0.61
WTRCDD211	279	280	157	154.5	591	1.5	0.51
WTRCDD211	280	281	111	89.5	96	0.77	0.54
WTRCDD211	281	282	162	77.3	89	1.72	0.67
WTRCDD211	282	283	139	57	38.3	0.95	0.66
WTRCDD211	283	284	111	13.2	17.2	0.09	0.19
WTRCDD211	284	285	192	56.6	235	0.97	0.45
WTRCDD211	285	286	180	75.2	73.8	1.62	0.6
WTRCDD211	286	287	170	82.6	355	1.77	1.06
WTRCDD211	287	288	97	83.7	73.9	2.32	0.8
WTRCDD211	288	289	96	5.7	43.7	0.07	0.11
WTRCDD211	289	290	174	3.3	12.7	0.02	0.07
WTRCDD211	290	291	125	3.8	41.1	0.05	0.09
WTRCDD211	291	292	125	128	386	1.8	0.94
WTRCDD211	292	293	129	153.5	618	2.12	1.41
WTRCDD211	293	294	76	61.1	258	0.85	0.89
WTRCDD211	294	295	84	70.7	1710	1.3	1.01
WTRCDD211	295	296	91	47.1	3710	0.79	0.63
WTRCDD211	296	297	207	1000	12150	2.64	6.2
WTRCDD211	297	298	272	488	18150	4.9	12.35
WTRCDD211	298	299	41	57.6	54.4	0.87	0.5
WTRCDD211	299	300	37	57	367	0.63	0.65
WTRCDD211	300	301	37	80.1	906	0.96	0.44
WTRCDD211	301	302	78	56.1	411	0.65	0.81
WTRCDD211	302	303	97	99.7	59.3	1.38	1.1
WTRCDD211	303	304	94	28.6	179.5	0.52	0.17
WTRCDD211	304	305	92	10.2	81.5	0.07	0.16
WTRCDD211	305	306	104	108.5	273	1.09	0.64
WTRCDD211	306	307	185	80.6	335	0.74	0.86
WTRCDD211	307	308	83	126	335	0.71	2.26
WTRCDD211	308	309	76	121	358	0.72	0.26
WTRCDD211	309	310	55	61.1	677	0.6	0.24
WTRCDD211	310	311	183	67.4	1990	0.91	2.04
WTRCDD211	311	312	68	31.3	297	0.3	0.12

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

==> picture [156 x 61] intentionally omitted <==

HOLE ID	FROM(m)	TO(m)	Zn(ppm)	Pb(ppm)	Cu(ppm)	Ag (ppm)	Au(ppm)
WTRCDD211	312	313	94	19.8	926	0.25	0.1
WTRCDD211	313	314	56	58.9	205	0.45	0.1
WTRCDD211	314	315	108	70.6	822	0.85	0.19
WTRCDD211	315	316	80	15.1	157.5	0.35	0.14
WTRCDD211	316	317	81	20.2	202	0.25	0.17
WTRCDD211	317	318	148	28	4130	0.66	0.21
WTRCDD211	318	319	88	34.8	319	0.34	0.01
WTRCDD211	319	320	77	5.4	386	0.15	0.08
WTRCDD211	320	321	72	8.8	234	0.14	0.07
WTRCDD211	321	322	84	24.8	141.5	0.43	0.17
WTRCDD211	322	323	98	13.3	93.6	0.06	0.13
WTRCDD211	323	324	108	20.6	70.4	0.2	0.21
WTRCDD211	324	325	105	12.3	33.7	0.05	0.12

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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JORC Code, 2012 Edition Table 1 Appendices

Table 1 - Section 1 - Sampling Techniques and Data for Mallee Bull & Wagga Tank/Cobar Superbasin Projects

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 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	 Diamond, Reverse Circulation (RC) and Rotary Air Blast (RAB) drilling is used to obtain samples for geological logging and assaying.  Diamond core is generally cut and sampled at 1m intervals. RC and RAB drill holes are generally sampled at 1m intervals and split using a cone splitter attached to the cyclone to generate a split of 2-4kg to ensure sample representivity.  Multi-element readings are generally taken of the diamond core and RC drill chips using an Olympus Delta Innov-X portable XRF tool. Portable XRF tools are routinely serviced, calibrated and checked against blanks/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 to date has been a combination of diamond, reverse circulation and rotary air blast. Reverse circulation drilling utilised a 5 1/2-inch diameter hammer. A blade bit was predominantly used for RAB drilling. PQ, HQ and NQ coring was/is used for diamond drilling.
Drill sample recovery	 Method of recording and assessing core and chip sample recoveries and results assessed.  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.	 Core recoveries are recorded by the drillers in the field at the time of drilling and checked by a geologist or technician  RC and RAB samples are not weighed on a regular basis due to the exploration nature of drilling but no significant sample recovery issues have been encountered in a drilling program to date.  Diamond core is reconstructed into continuous runs on an angle iron cradle for orientation marking and depths are checked against the depths recorded on core blocks. Rod counts are routinely undertaken by drillers.  When poor sample recovery is encountered during drilling, the geologist and driller have endeavoured to rectify the problem to ensure maximum sample recovery.

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Criteria	JORC Code explanation	Commentary
		 Sample recoveries at Mallee Bull and Wirlong to date have generally been high.  Sample recoveries at Wagga Tank have been variable in places and poorer sample recoveries encountered. Insufficient data is available at present to determine if a relationship exists between recovery and grade. This will be assessed once a statistically valid amount of data is available to make a determination.
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 and percentage of the relevant intersections logged.	 All core and drill chip samples are geologically logged. Core samples are orientated and logged for geotechnical information. Drill chip samples are logged at 1m intervals from surface to the bottom of each individual hole to a level that will support appropriate future Mineral Resource studies.  Logging of diamond core, RC and RAB samples records lithology, mineralogy, mineralisation, structure (DDH only), weathering, colour and other features of the samples. Core is photographed as both wet and dry.  RC/Diamond holes at Wirlong were geologically logged in full. Logging at Wagga Tank/Southern Nights, Fenceline/The Bird, Boolahbone and Double Peak is still underway.
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.	 Drill core is generally cut with a core saw and half core taken.  The RC and RAB drilling rigs were equipped with an in-built cyclone and splitting system, which provided one bulk sample of approximately 20kg and a sub-sample of 2- 4kg per metre drilled.  All samples were split using the system described above to maximise and maintain consistent representivity. The majority of samples were dry.  Bulk samples were placed in green plastic bags, with the sub-samples collected placed in calico sample bags  Field duplicates were collected by resplitting the bulk samples from large plastic bags. These duplicates were designed for lab checks.  A sample size of 2-4kg was collected and considered appropriate and representative for the grain size and style of mineralisation.
Quality of assay data and	 The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is consideredpartial or total.	 ALS Laboratory Services is generally used for Au and multi-element analysis work carried on out on 3m to 6m composite

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Criteria	JORC Code explanation	Commentary
laboratory tests	 For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations 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.	samples and 1m split samples. The laboratory techniques below are for all samples submitted to ALS and are considered appropriate for the styles of mineralisation defined at Mallee Bull, Wirlong and Wagga Tank: o PUL-23 (Sample preparation code) o Au-AA26 Ore Grade Au 50g FA AA Finish o ME-ICP41 35 element aqua regia ICP- AES, with an appropriate Ore Grade base metal AA finish o ME-ICP61 33 element 4 acid digest ICP- AES, with an appropriate Ore Grade base metal AA finish o ME-MS61 48 element 4 acid digest ICP- MS and ICP-AES, with an appropriate Ore Grade base metal AA finish  Assaying of samples in the field was by portable XRF instruments: Olympus Delta Innov-X or Olympus Vanta Analysers. Reading time for Innov-X was 20 seconds per reading with a total 3 readings per sample. Reading time for Vanta was 10 & 20 seconds per reading with 2 readings per sample.  The QA/QC data includes standards, duplicates and laboratory checks. Duplicates for drill core are collected by the lab every 30 samples after the core sample is pulverised. Duplicates for percussion drilling are collected directly from the drill rig or the metre sample bag using a half round section of pipe. In-house QA/QC tests are conducted by the lab on each batch of samples with standards supplied by the same companies that supplyour own.
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.	 All geological logging and sampling information is completed in spreadsheets, which are then transferred to a database for validation and compilation at the Peel head office. Electronic copies of all information are backed up periodically.  No adjustments of assay data are considered necessary.
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.	 A Garmin hand-held GPS is used to define the location of the samples. Standard practice is for the GPS to be left at the site of the collar for a period of 5 minutes to obtain a steady reading. Collars are picked up after by DGPS. Down-hole surveys are conducted by the drill contractors using either a Reflex gyroscopic tool with readings every10m after drill hole

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Criteria	JORC Code explanation	Commentary
		completion or a Reflex electronic multishot camera will be used with readings for dip and magnetic azimuth taken every 30m down-hole. QA/QC in the field involves calibration using a test stand. The instrument is positioned with a stainless steel drill rod so as not to affect the magnetic azimuth.  Grid system used is MGA 94 (Zone 55). All down-hole magnetic surveys were converted to MGA94grid.
Data spacing and distribution	 Data spacing for reporting of Exploration Results.  Whether the data spacing and distribution is sufficient to establish the 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.	 Data/drill hole spacing is variable and appropriate to the geology and historical drilling.  3m to 6m sample compositing has been applied to RC drilling at Mallee Bull and Wagga Tank for gold and/or multi-element assay.
Orientation of data in relation to geological structure	 Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.  If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	 Most drillholes are planned to intersect the interpreted mineralised structures/lodes as near to a perpendicular angle as possible (subject to access to the preferred collar position).
Sample security	 The measures taken to ensure sample security.	 The chain of custody is managed by the project geologist who places calico sample bags in polyweave sacks. Up to 5 calico sample bags are placed in each sack. Each sack is clearly labelled with: o Peel Mining Ltd o Address of Laboratory o Sample range  Detailed records are kept of all samples that are dispatched, including details of chain of custody.
Audits or reviews	 The results of any audits or reviews of sampling techniques and data.	 Data is validated when loading into the database. No formal external audit has been conducted.

Table 1 - Section 2 - Reporting of Exploration Results for Mallee Bull/Wagga Tank/Cobar Superbasin Projects

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 Mallee Bull prospect is wholly located within EL7461 “Gilgunnia”. The tenement is subject to a 50:50 Joint Venture with CBH Resources Ltd, a wholly owned subsidiary of Toho Zinc Co Ltd.  The Cobar Superbasin Project comprises of multiple exploration licences that are

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Criteria	JORC Code explanation	Commentary
	 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.	subject to a farm-in agreement with JOGMEC whereby JOGMEC can earn up to 50%.  The Wagga Tank Project comprises of EL6695, EL7226, EL7484 and EL7581 and are 100%-owned by Peel Mining Ltd, subject to 2% NSR royalty agreement with MMG Ltd.  The tenements is in good standing and no known impediments exist.
Exploration done by other parties	 Acknowledgment and appraisal of exploration by other parties.	 Work in the Mallee Bull area was completed by several former tenement holders including Triako Resources between 2003 and 2009; it included diamond drilling, IP surveys, geological mapping and reconnaissance geochemical sampling around the historic Four Mile Goldfield area. Prior to Triako Resources, Pasminco Exploration explored the Cobar Basin area for a “Cobar-type” or “Elura- type” zinc-lead-silver or copper-gold-lead- zinc deposit.  Work at Wagga Tank was completed by multiple previous explorers including Newmont, Homestake, Amoco, Cyprus, Arimco, Golden Cross, Pasminco and MMG.
Geology	 Deposit type, geological setting and style of mineralisation.	 The Mallee Bull prospect area lies within the Cobar-Mt Hope Siluro-Devonian sedimentary and volcanic units. The northern Cobar region consists of predominantly sedimentary units with tuffaceous member, whilst the southern Mt Hope region consists of predominantly felsic volcanic rocks; the Mallee Bull prospect seems to be located in an area of overlap between these two regions. Mineralization at the Mallee Bull discovery features the Cobar-style attributes of short strike lengths (<200m), narrow widths (5- 20m) and vertical continuity, and occurs as a shoot-like structure dipping moderately to the west.  Wagga Tank is believed to be a volcanichosted massive sulphide (VHMS) deposit, and is located ~130 km south of Cobar on the western edge of the Cobar Superbasin. The deposit is positioned at the westernmost exposure of the Mt. Keenan Volcanics (Mt. Hope Group) where it is conformably overlain by a poorly- outcropping, distal turbidite sequence of carbonaceous slate and siltstone. Mineralisation is hosted in a sequence of

Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Criteria	JORC Code explanation	Commentary
		rhyodacitic volcanic and associated volcaniclastic rocks comprising polymictic conglomerate, sandstone, slate, crystal- lithic tuff and crystal tuff. This sequence faces northwest, strikes northeast- southwest and dips range from moderate westerly, to vertical, and locally overturned to the east. Mineralisation straddles the contact between the volcaniclastic facies and the siltstone-slate facies where there is a broad zone of intense tectonic brecciation and hydrothermal alteration (sericite-chlorite with local silicification).
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: `o` easting and northing of the drill hole collar `o` elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar `o` dip and azimuth of the hole `o` down hole length and interception depth `o` 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.	 All relevant information material to the understanding of exploration results has been included within the body of the announcement or as appendices.  No information has been excluded.
Data aggregation methods	 In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.  Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and 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.	 No length weighting or top-cuts have been applied.  No metal equivalent values are used for reporting exploration results.
Relationship between mineralisation widths and intercept lengths	 These relationships are particularly important in the reporting of Exploration Results.  If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.  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’). _	 True widths are generally estimated to be about 90-100% of the downhole width unless otherwise indicated.
Diagrams	 Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should	 Refer to Figures in the body of text.

Peel Mining Limited ACN 119 343 734

Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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Criteria	JORC Code explanation	Commentary
	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 practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	 All results are reported.
Other substantive exploration data	 Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	 No other substantive exploration data are available.
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.	 Development studies at Mallee Bull remain ongoing.  Further drilling and geophysical surveying is planned for Wagga Tank-Southern Nights and Fenceline-The Bird.

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

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TENEMENT INFORMATION AS REQUIRED BY LISTING RULE 5.3.3

NSW Granted Tenements

TENEMENT	PROJECT	LOCATION	OWNERSHIP
EL7519	Gilgunnia South	Cobar,NSW	100%
EL7976	Mundoe	Cobar,NSW	100%
EL8070	Tara	Cobar,NSW	100%
EL8071	Manuka	Cobar,NSW	100%
EL8105	Mirrabooka	Cobar,NSW	100%
EL8112	Yackerboon	Cobar,NSW	100%
EL8113	Iris Vale	Cobar,NSW	100%
EL8114	Yara	Cobar,NSW	100%
EL8117	Illewong	Cobar,NSW	100%
EL8125	Hillview	Cobar,NSW	100%
EL8126	Norma Vale	Cobar,NSW	100%
EL8201	Mundoe North	Cobar,NSW	100%
EL8307	SandyCreek	Cobar,NSW	100%
EL8314	Glenwood	Cobar,NSW	100%
EL8345	Pine Ridge	Cobar,NSW	100%
EL8534	Burthong	Cobar,NSW	100%
EL7461	Gilgunnia	Cobar,NSW	50%
ML1361	MayDay	Cobar,NSW	50%
EL6695	Wagga Tank	Cobar,NSW	100%
EL7226	Wongawood	Cobar,NSW	100%
EL7484	Mt View	Cobar,NSW	100%
EL8414	Mt Walton	Cobar,NSW	100%
EL8447	Linera	Cobar,NSW	100%
EL8562	Nombinnie	Cobar,NSW	100%
EL7711	RubySilver	Armidale,NSW	100%
EL8326	Attunga	Attunga,NSW	100%
EL8450	Beanbah	Cobar,NSW	100%
EL8451	Michelago	Cooma,NSW	100%
EL8656	Marigold	Cobar,NSW	100%
EL8655	Brambah	Cobar,NSW	100%
EL8721	Bilpa	Broken Hill,NSW	100%
EL8722	Cymbric Vale	Broken Hill,NSW	100%
EL8790	Comarto	Broken Hill,NSW	100%
EL8791	Devon	Broken Hill,NSW	100%

Peel Mining Limited ACN 119 343 734 Unit 1, 34 Kings Park Rd, West Perth, WA 6005. Ph: (08) 9382 3955. E: [email protected] www.peelmining.com.au

AI assistant

PEEL MINING LIMITED Interim / Quarterly Report 2019

65545_rns_2019-07-30_c647d770-4e5a-4649-8e98-90cad9b78a96.pdf

About Peel Mining Limited:

Highlights for June Quarter 2019

Plans for September Quarter 2019

Exploration

- Southern Nights Wagga Tank Maiden Mineral Resource Estimate

Zinc Equivalent

ZnEq % = (Zn_ppm + (2.18Cu_ppm) + (0.70Pb_ppm) + (15,768Au_ppm) + (168Ag_ppm))/10000

Assumed Metallurgical Recovery Discussion

Metallurgical Testwork

Mineralogy

Existing Cobar Basin Mining Operations

Southern Nights Drilling

Significant results in the Southern Nights Central Zone include:

Wagga Tank

Next steps

Mallee Bull

`o` 84m @ 4.42% Cu, 38 g/t Ag, 0.14 g/t Au from 575m in MBDD009W2W1.

Development concept and bulk sample

`o` 13.5m @ 21.1% Zn, 14.1% Pb, 268g/t Ag from 82m in MBDD028

`o` 12m @ 20.3% Zn, 14.8% Pb, 308g/t Ag, 1.59g/t Au from 83m in MBRC024

`o` 9m @ 20.8% Zn, 10.6% Pb, 338g/t Ag, 1.91g/t Au from 88m in MBRC085

May Day Deeps

Cobar Superbasin Project: Copper, Silver, Gold, Lead, Zinc; Western NSW (PEX 100%).

Wirlong

Bedooba

Figure 8: Bedooba Long Section (Looking North)

Other Projects

Marigold-Brambah

Corporate

Capital Raising

Executive Director Appointment

R&D

Competent Persons Statements

TENEMENT INFORMATION AS REQUIRED BY LISTING RULE 5.3.3

NSW Granted Tenements

AI assistant

PEEL MINING LIMITED — Interim / Quarterly Report 2019

65545_rns_2019-07-30_c647d770-4e5a-4649-8e98-90cad9b78a96.pdf

About Peel Mining Limited:

Highlights for June Quarter 2019

Plans for September Quarter 2019

Exploration

- Southern Nights Wagga Tank Maiden Mineral Resource Estimate

Zinc Equivalent

ZnEq % = (Zn_ppm + (2.18Cu_ppm) + (0.70Pb_ppm) + (15,768Au_ppm) + (168Ag_ppm))/10000

Assumed Metallurgical Recovery Discussion

Metallurgical Testwork

Mineralogy

Existing Cobar Basin Mining Operations

Southern Nights Drilling

Significant results in the Southern Nights Central Zone include:

Wagga Tank

Next steps

Mallee Bull

o 84m @ 4.42% Cu, 38 g/t Ag, 0.14 g/t Au from 575m in MBDD009W2W1.

Development concept and bulk sample

o 13.5m @ 21.1% Zn, 14.1% Pb, 268g/t Ag from 82m in MBDD028

o 12m @ 20.3% Zn, 14.8% Pb, 308g/t Ag, 1.59g/t Au from 83m in MBRC024

o 9m @ 20.8% Zn, 10.6% Pb, 338g/t Ag, 1.91g/t Au from 88m in MBRC085

May Day Deeps

Cobar Superbasin Project: Copper, Silver, Gold, Lead, Zinc; Western NSW (PEX 100%).

Wirlong

Bedooba

Figure 8: Bedooba Long Section (Looking North)

Other Projects

Marigold-Brambah

Corporate

Capital Raising

Executive Director Appointment

R&D

Competent Persons Statements

TENEMENT INFORMATION AS REQUIRED BY LISTING RULE 5.3.3

NSW Granted Tenements

More from PEEL MINING LIMITED

PEEL MINING LIMITED Interim / Quarterly Report 2019

`o` 84m @ 4.42% Cu, 38 g/t Ag, 0.14 g/t Au from 575m in MBDD009W2W1.

`o` 13.5m @ 21.1% Zn, 14.1% Pb, 268g/t Ag from 82m in MBDD028

`o` 12m @ 20.3% Zn, 14.8% Pb, 308g/t Ag, 1.59g/t Au from 83m in MBRC024

`o` 9m @ 20.8% Zn, 10.6% Pb, 338g/t Ag, 1.91g/t Au from 88m in MBRC085