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POLYMETALS RESOURCES LTD Capital/Financing Update 2022

May 31, 2022

65598_rns_2022-05-31_530c8846-d751-4632-8386-07ed5aad08e1.pdf

Capital/Financing Update

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ASX Announcement

01 June 2022

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AIRBORNE MAGNETIC SURVEY COMMENCES AT MANSALA GOLD PROJECT

KEY HIGHLIGHTS

  • Mansala high-resolution airborne magnetic survey commenced during May 2022.

  • All assays from Mansala auger program now received.

  • Additional >300m mineralised trend identified within very prospective Area F.

  • Priority single station anomalies planned for follow up.

  • Infill soil sampling targeting areas coincident with Au and As anomalies.

AIRBORNE MAGNETIC SURVEY

Polymetals Resources Ltd (ASX: POL , “ Polymetals ” or the “ Company ”) is pleased to advise it has commenced an aeromagnetic survey at its wholly owned Mansala Gold Project ( Mansala ) in Guinea, West Africa.

The 500-line km aeromagnetic survey at Mansala follows the completion of the 700-line km survey at the Company’s Alahiné project during May.

The survey will provide detailed data to determine the structural controls of mineralisation and information on the nature and disposition of host rocks currently obscured by lateritic cover.

The survey specifications are as follows:

  • Line Spacing: 100m

  • Traverse Line direction: 090º

  • Bird Height: Approximately 35m

  • TMI Data Spacing: Collected at 1000Htz (approx. every 1cm), sub sampled for ease of use to 2m.

The airborne magnetic survey is being conducted by AeroPhysX, which the Company believes to be a world leader in UAV exploration systems, having extensive experience operating throughout Africa and internationally.

Page 1 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MANSALA AUGER PROGRAM

Since the commencement of the Mansala auger program on 22 February 2022[1] , a total of 6,123m has been drilled comprising 799 holes at an average depth of 7m. The program was completed on a 100m x 50m drill pattern over six delineated Areas, as illustrated by Figure 2.

The objective of the auger program was to test gold in soil anomalies supported by coincident pathfinder elements (As, Ag, Bi, Mo, Sb, W and Te). Strong gold anomalies (>1000ppb) without supporting pathfinder elements will be investigated further before drill-testing.

Polymetals’ auger drilling program was carried out by Sahara Natural Resources with all assays completed by the SGS laboratory in Bamako, Mali.

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Figure 1: Mansala auger gold results overlaid on thematically mapped gold in soil values and satellite imagery.

Details of all the holes are presented in Table 1, included within Appendix 1.

1 Refer to ASX release dated 22 February 2022 “Drilling Commences at Mansala”

Page 2 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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Area F Summary

As reported on 05 May 2022[2] , rock chip sampling returned a number of high-grade assays including 16.70 g/t Au, 8.35 g/t Au, 5.74 g/t Au and 5.48 g/t Au. The strike extent of the mineralised pit sampling trend (see Figure 2) previously defined is approximately 600m and is open to the north and south.

Best auger drill intervals taken at end of hole within Area F include 1m @ 1.09 g/t Au and 1m @ 0.34 g/t Au. Interpretation of auger assays received suggest that Area F is very prospective and likely to have multiple mineralised trends. As a priority, auger assays revealed an additional >300m long eastern mineralised auger trend (see Figure 2), near parallel to the mineralised pit sampling trend and likely to merge in the south.

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Figure 2: Mansala Area F auger drilling illustrating best intervals intersected, including pit sampling. Satellite imagery displays artisanal workings at the north end of the mineralised zone.

Area E Summary

All single station anomalies identified by the auger program are important and warrant further investigation. Mapping and sampling of priority targets within each of the defined areas will confirm the appropriate follow up method.

2 Refer to ASX release dated 05 May 2022 “Exploration Accelerating at Mansala Gold Project”

Page 3 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MANSALA INFILL SOIL SAMPLING

A soil sampling program for XRF analyses has commenced within the western portion of the Mansala licence. The objective of the infill soil sampling programme is to delineate orogenic gold pathfinder elements (As, Ag, Bi, Mo, Sb, W and Te) within the western corridor of the Mansala property. Samples that return with anomalous pathfinder elements will be assayed for Au.

All soil samples will be collected from depths of 300 – 500mm beneath the ground surface on a 100m X 25m grid system. The samples will be analysed using portable XRF to test pathfinder elements (As, Ag, Bi, Mo, Sb, W and Te) identified in the district. Results will be used to identify further follow up targets within the Mansala Gold Project.

The previous works conducted in December 2020 and subsequent results of the Mansala soil sampling campaign were reported within the Company’s Initial Public Offering Prospectus, dated 21 April 2021.

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Figure 3: Mansala infill soil sampling program. Imaged soil arsenic values and thematically mapped gold in soils.

Page 4 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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NEXT STEPS

Airborne Magnetic Survey

Following interpretation of the results, the survey will be used to identify future drilling targets and further assist in design of ongoing exploration campaigns over the entire Mansala project areas during 2022.

The Company expects to publish results from the airborne magnetic survey in Q3 2022.

Auger drill sample XRF analysis

XRF analysis for several pathfinder elements will be conducted on all bottom-of-hole intervals to complement geochemical data obtained from the previous soil sampling campaign.

Mansala Drilling Program

An initial Reverse Circulation (RC) drill program will be planned for the Mansala licence. Priority areas defined from the pit sampling, auger program and targets to be identified from the airborne magnetic survey will be tested.

COMPETENT PERSON STATEMENT

The information in this ASX Announcement that relates to Exploration Results is based on information compiled by Dr Christopher Johnston, a Competent Person who is a Member of the Australian Institute of Geoscientists. Dr Johnston is a Director of Polymetals Resources Ltd and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Johnston consents to the inclusion in this ASX Announcement of the matters based on his information in the form and context in which it appears.

This announcement was authorised for release by the Board of Polymetals Resources Ltd.

Contact information:

Alex Hanly Chief Executive Officer [email protected] +61 (0) 448 418 725

Victoria Humphries

Media & Investor Relations [email protected] +61 (0) 431 151 676

For more information, visit www.polymetals.com.

Page 5 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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ABOUT POLYMETALS

Polymetals aims to become a gold production company, initially focusing on its two 100% owned exploration licences within Guinea’s Siguiri Basin, totalling 112km[2] .

The Siguiri Basin hosts several large active gold mining operations and is notable for its significant and widespread gold anomalism.

Polymetals’ Exploration Licences, known as Alahiné (64.2km[2] ) and Mansala (48.2km[2] ), host extensive historic and current artisanal gold production which reinforces exploration potential of the area.

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Figure 4: Proximal gold deposits relative to Polymetals’ Exploration Licences.

Page 6 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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APPENDIX 1 - Detailed results of significant intercepts

Table 1: Mansala Gold Project auger drilling program details.

Northing Easting RL Azimuth Dip Depth
Hole ID Method (UTM) (UTM) (m) (degrees) (degrees) (m) Assay Status
MN22AU001 Auger 1273600 500449 353 360 -90 7 Assays received
MN22AU002 Auger 1273600 500400 372 360 -90 7 Assays received
MN22AU003 Auger 1273609 500345 362 360 -90 5 Assays received
MN22AU004 Auger 1273602 500299 350 360 -90 6 Assays received
MN22AU005 Auger 1273600 500251 372 360 -90 10 Assays received
MN22AU006 Auger 1273598 500199 357 360 -90 9 Assays received
MN22AU007 Auger 1273600 500152 351 360 -90 7 Assays received
MN22AU008 Auger 1273602 500100 361 360 -90 5 Assays received
MN22AU009 Auger 1273601 500050 363 360 -90 3 Assays received
MN22AU010 Auger 1273703 500002 368 360 -90 5 Assays received
MN22AU011 Auger 1273703 500051 369 360 -90 6 Assays received
MN22AU012 Auger 1273600 499999 365 360 -90 6 Assays received
MN22AU013 Auger 1273600 499950 358 360 -90 6 Assays received
MN22AU014 Auger 1273600 499902 360 360 -90 6 Assays received
MN22AU015 Auger 1273601 499848 362 360 -90 5 Assays received
MN22AU016 Auger 1273601 499799 366 360 -90 5 Assays received
MN22AU017 Auger 1273598 499749 368 360 -90 5 Assays received
MN22AU018 Auger 1273692 499813 370 360 -90 5 Assays received
MN22AU019 Auger 1273702 499852 365 360 -90 5 Assays received
MN22AU020 Auger 1273699 499901 362 360 -90 5 Assays received
MN22AU021 Auger 1273698 499953 355 360 -90 6 Assays received
MN22AU022 Auger 1273801 500001 352 360 -90 5 Assays received
MN22AU023 Auger 1273801 499950 357 360 -90 6 Assays received
MN22AU024 Auger 1273807 499896 372 360 -90 6 Assays received
MN22AU025 Auger 1273799 499846 371 360 -90 5 Assays received
MN22AU026 Auger 1273807 499799 381 360 -90 7 Assays received
MN22AU027 Auger 1273801 499746 378 360 -90 5 Assays received
MN22AU028 Auger 1273601 499250 384 360 -90 9 Assays received
MN22AU029 Auger 1273601 499300 393 360 -90 9 Assays received
MN22AU030 Auger 1273601 499350 383 360 -90 9 Assays received
MN22AU031 Auger 1273600 499399 388 360 -90 10 Assays received
MN22AU032 Auger 1273599 499451 385 360 -90 9 Assays received
MN22AU033 Auger 1273594 499498 395 360 -90 9 Assays received
MN22AU034 Auger 1273597 499552 383 360 -90 9 Assays received
MN22AU035 Auger 1273599 499602 379 360 -90 9 Assays received
MN22AU036 Auger 1273603 499650 385 360 -90 9 Assays received
MN22AU037 Auger 1273602 499696 383 360 -90 7 Assays received
MN22AU038 Auger 1273705 499747 386 360 -90 7 Assays received
MN22AU039 Auger 1273699 499697 372 360 -90 9 Assays received
MN22AU040 Auger 1273700 499649 379 360 -90 11 Assays received
MN22AU041 Auger 1273699 499600 380 360 -90 10 Assays received
MN22AU042 Auger 1273700 499549 387 360 -90 9 Assays received
MN22AU043 Auger 1273701 499496 383 360 -90 7 Assays received
MN22AU044 Auger 1273702 499450 377 360 -90 6 Assays received
MN22AU045 Auger 1273698 499396 388 360 -90 9 Assays received
MN22AU046 Auger 1273701 499352 395 360 -90 9 Assays received
MN22AU047 Auger 1273703 499299 402 360 -90 7 Assays received
MN22AU048 Auger 1273698 499251 405 360 -90 7 Assays received
MN22AU049 Auger 1273807 499247 401 360 -90 4 Assays received
MN22AU050 Auger 1273804 499303 392 360 -90 4 Assays received

Page 7 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MN22AU051 Auger 1273803 499348 388 360 -90 4 Assays received
MN22AU052 Auger 1273806 499402 390 360 -90 5 Assays received
MN22AU053 Auger 1273804 499451 395 360 -90 5 Assays received
MN22AU054 Auger 1273803 499498 381 360 -90 3 Assays received
MN22AU055 Auger 1273802 499547 387 360 -90 5 Assays received
MN22AU056 Auger 1273804 499598 384 360 -90 7 Assays received
MN22AU057 Auger 1273801 499647 382 360 -90 8 Assays received
MN22AU058 Auger 1273901 499254 386 360 -90 3 Assays received
MN22AU059 Auger 1273901 499302 387 360 -90 4 Assays received
MN22AU060 Auger 1273905 499347 385 360 -90 4 Assays received
MN22AU061 Auger 1273901 499399 383 360 -90 4 Assays received
MN22AU062 Auger 1273901 499448 375 360 -90 6 Assays received
MN22AU063 Auger 1273998 499247 388 360 -90 3 Assays received
MN22AU064 Auger 1273997 499303 385 360 -90 3 Assays received
MN22AU065 Auger 1274001 499351 380 360 -90 3 Assays received
MN22AU066 Auger 1273999 499401 378 360 -90 3 Assays received
MN22AU067 Auger 1273999 499452 372 360 -90 3 Assays received
MN22AU068 Auger 1274001 499499 389 360 -90 4 Assays received
MN22AU069 Auger 1274002 499549 387 360 -90 5 Assays received
MN22AU070 Auger 1273902 499502 386 360 -90 4 Assays received
MN22AU071 Auger 1273906 499549 382 360 -90 4 Assays received
MN22AU072 Auger 1273903 499599 383 360 -90 5 Assays received
MN22AU073 Auger 1274002 499603 380 360 -90 5 Assays received
MN22AU074 Auger 1274004 499646 362 360 -90 5 Assays received
MN22AU075 Auger 1274100 499252 386 360 -90 4 Assays received
MN22AU076 Auger 1274100 499300 388 360 -90 4 Assays received
MN22AU077 Auger 1274101 499350 381 360 -90 4 Assays received
MN22AU078 Auger 1274101 499405 378 360 -90 4 Assays received
MN22AU079 Auger 1274101 499454 375 360 -90 4 Assays received
MN22AU080 Auger 1274099 499504 372 360 -90 5 Assays received
MN22AU081 Auger 1274101 499549 369 360 -90 5 Assays received
MN22AU082 Auger 1274101 499600 364 360 -90 4 Assays received
MN22AU083 Auger 1274200 499649 364 360 -90 6 Assays received
MN22AU084 Auger 1274200 499601 368 360 -90 3 Assays received
MN22AU085 Auger 1274200 499256 383 360 -90 4 Assays received
MN22AU086 Auger 1274199 499302 385 360 -90 6 Assays received
MN22AU087 Auger 1274201 499350 373 360 -90 5 Assays received
MN22AU088 Auger 1274200 499398 370 360 -90 6 Assays received
MN22AU089 Auger 1274200 499451 379 360 -90 7 Assays received
MN22AU090 Auger 1274195 499506 375 360 -90 5 Assays received
MN22AU091 Auger 1274199 499553 377 360 -90 3 Assays received
MN22AU092 Auger 1274099 499654 378 360 -90 6 Assays received
MN22AU093 Auger 1274098 499703 375 360 -90 7 Assays received
MN22AU094 Auger 1274203 499698 370 360 -90 7 Assays received
MN22AU095 Auger 1274198 499747 368 360 -90 7 Assays received
MN22AU096 Auger 1274101 499750 368 360 -90 9 Assays received
MN22AU097 Auger 1274003 499705 369 360 -90 5 Assays received
MN22AU098 Auger 1274098 499806 364 360 -90 9 Assays received
MN22AU099 Auger 1274096 499853 369 360 -90 11 Assays received
MN22AU100 Auger 1274000 499897 370 360 -90 11 Assays received
MN22AU101 Auger 1274000 499847 362 360 -90 9 Assays received
MN22AU102 Auger 1274003 499758 366 360 -90 6 Assays received
MN22AU103 Auger 1274001 499802 369 360 -90 7 Assays received
MN22AU104 Auger 1273896 499651 383 360 -90 5 Assays received
MN22AU105 Auger 1273901 499701 377 360 -90 3 Assays received
MN22AU106 Auger 1273813 499698 377 360 -90 5 Assays received
MN22AU107 Auger 1273902 499750 367 360 -90 3 Assays received

Page 8 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MN22AU108 Auger 1273901 499805 368 360 -90 5 Assays received
MN22AU109 Auger 1273900 499850 364 360 -90 7 Assays received
MN22AU110 Auger 1273901 499895 362 360 -90 7 Assays received
MN22AU111 Auger 1273891 499944 359 360 -90 9 Assays received
MN22AU112 Auger 1273800 500050 359 360 -90 8 Assays received
MN22AU113 Auger 1273805 500098 361 360 -90 9 Assays received
MN22AU114 Auger 1273798 500150 361 360 -90 7 Assays received
MN22AU115 Auger 1273798 500200 359 360 -90 7 Assays received
MN22AU116 Auger 1273800 500248 366 360 -90 8 Assays received
MN22AU117 Auger 1273798 500303 361 360 -90 7 Assays received
MN22AU118 Auger 1273798 500349 369 360 -90 5 Assays received
MN22AU119 Auger 1273802 500397 373 360 -90 7 Assays received
MN22AU120 Auger 1273803 500448 378 360 -90 7 Assays received
MN22AU121 Auger 1273700 500451 372 360 -90 7 Assays received
MN22AU122 Auger 1273699 500400 374 360 -90 6 Assays received
MN22AU123 Auger 1273703 500351 373 360 -90 5 Assays received
MN22AU124 Auger 1273701 500298 372 360 -90 5 Assays received
MN22AU125 Auger 1273701 500248 368 360 -90 5 Assays received
MN22AU126 Auger 1273705 500199 363 360 -90 8 Assays received
MN22AU127 Auger 1273701 500150 345 360 -90 8 Assays received
MN22AU128 Auger 1273701 500101 358 360 -90 6 Assays received
MN22AU129 Auger 1273898 500004 358 360 -90 7 Assays received
MN22AU130 Auger 1273902 500053 363 360 -90 7 Assays received
MN22AU131 Auger 1273900 500101 359 360 -90 7 Assays received
MN22AU132 Auger 1273900 500154 363 360 -90 7 Assays received
MN22AU133 Auger 1273898 500201 369 360 -90 6 Assays received
MN22AU134 Auger 1273897 500251 371 360 -90 8 Assays received
MN22AU135 Auger 1273903 500304 377 360 -90 8 Assays received
MN22AU136 Auger 1273903 500344 375 360 -90 7 Assays received
MN22AU137 Auger 1273905 500394 376 360 -90 6 Assays received
MN22AU138 Auger 1273900 500442 376 360 -90 7 Assays received
MN22AU139 Auger 1274003 500450 377 360 -90 8 Assays received
MN22AU140 Auger 1274004 500405 377 360 -90 7 Assays received
MN22AU141 Auger 1274000 500348 363 360 -90 8 Assays received
MN22AU142 Auger 1273997 500303 364 360 -90 6 Assays received
MN22AU143 Auger 1274000 500249 361 360 -90 6 Assays received
MN22AU144 Auger 1274000 500202 365 360 -90 7 Assays received
MN22AU145 Auger 1274000 500149 361 360 -90 6 Assays received
MN22AU146 Auger 1274002 500099 362 360 -90 6 Assays received
MN22AU147 Auger 1274000 500051 356 360 -90 6 Assays received
MN22AU148 Auger 1273999 500002 356 360 -90 5 Assays received
MN22AU149 Auger 1274003 499951 356 360 -90 7 Assays received
MN22AU150 Auger 1274092 499897 357 360 -90 7 Assays received
MN22AU151 Auger 1274097 499949 369 360 -90 8 Assays received
MN22AU152 Auger 1274100 499998 370 360 -90 7 Assays received
MN22AU153 Auger 1274101 500048 369 360 -90 5 Assays received
MN22AU154 Auger 1274096 500104 369 360 -90 7 Assays received
MN22AU155 Auger 1274100 500150 367 360 -90 7 Assays received
MN22AU156 Auger 1274097 500199 364 360 -90 8 Assays received
MN22AU157 Auger 1274096 500250 369 360 -90 8 Assays received
MN22AU158 Auger 1274099 500303 368 360 -90 8 Assays received
MN22AU159 Auger 1274097 500346 375 360 -90 8 Assays received
MN22AU160 Auger 1274101 500400 381 360 -90 8 Assays received
MN22AU161 Auger 1274100 500458 387 360 -90 8 Assays received
MN22AU162 Auger 1274199 500448 392 360 -90 9 Assays received
MN22AU163 Auger 1274202 500401 373 360 -90 8 Assays received
MN22AU164 Auger 1274201 500349 384 360 -90 7 Assays received

Page 9 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MN22AU165 Auger 1274201 500309 372 360 -90 7 Assays received
MN22AU166 Auger 1274197 500250 371 360 -90 6 Assays received
MN22AU167 Auger 1274199 500210 369 360 -90 7 Assays received
MN22AU168 Auger 1274199 500150 365 360 -90 7 Assays received
MN22AU169 Auger 1274199 500104 364 360 -90 6 Assays received
MN22AU170 Auger 1274197 500051 365 360 -90 9 Assays received
MN22AU171 Auger 1274197 500001 361 360 -90 8 Assays received
MN22AU172 Auger 1274201 499953 358 360 -90 8 Assays received
MN22AU173 Auger 1274202 499901 366 360 -90 8 Assays received
MN22AU174 Auger 1274199 499858 370 360 -90 7 Assays received
MN22AU175 Auger 1274207 499803 358 360 -90 4 Assays received
MN22AU176 Auger 1274501 502602 370 360 -90 9 Assays received
MN22AU177 Auger 1274502 502551 369 360 -90 9 Assays received
MN22AU178 Auger 1274502 502501 373 360 -90 9 Assays received
MN22AU179 Auger 1274503 502452 379 360 -90 9 Assays received
MN22AU180 Auger 1274500 502405 378 360 -90 9 Assays received
MN22AU181 Auger 1274495 502355 374 360 -90 7 Assays received
MN22AU182 Auger 1274506 502304 372 360 -90 7 Assays received
MN22AU183 Auger 1274502 502251 374 360 -90 7 Assays received
MN22AU184 Auger 1274502 502203 375 360 -90 9 Assays received
MN22AU185 Auger 1274506 502156 377 360 -90 8 Assays received
MN22AU186 Auger 1274503 502100 394 360 -90 7 Assays received
MN22AU187 Auger 1274505 502052 390 360 -90 9 Assays received
MN22AU188 Auger 1274300 502599 377 360 -90 8 Assays received
MN22AU189 Auger 1274305 502548 376 360 -90 7 Assays received
MN22AU190 Auger 1274301 502499 376 360 -90 7 Assays received
MN22AU191 Auger 1274401 502601 372 360 -90 8 Assays received
MN22AU192 Auger 1274400 502553 371 360 -90 7 Assays received
MN22AU193 Auger 1274395 502507 374 360 -90 7 Assays received
MN22AU194 Auger 1274401 502447 371 360 -90 7 Assays received
MN22AU195 Auger 1274397 502404 377 360 -90 6 Assays received
MN22AU196 Auger 1274398 502353 377 360 -90 7 Assays received
MN22AU197 Auger 1274399 502301 377 360 -90 7 Assays received
MN22AU198 Auger 1274395 502250 375 360 -90 7 Assays received
MN22AU199 Auger 1274397 502204 373 360 -90 7 Assays received
MN22AU200 Auger 1274298 502447 374 360 -90 7 Assays received
MN22AU201 Auger 1274305 502400 368 360 -90 9 Assays received
MN22AU202 Auger 1274302 502345 387 360 -90 8 Assays received
MN22AU203 Auger 1274303 502296 378 360 -90 8 Assays received
MN22AU204 Auger 1274303 502245 374 360 -90 8 Assays received
MN22AU205 Auger 1274298 502200 379 360 -90 7 Assays received
MN22AU206 Auger 1274304 502151 379 360 -90 7 Assays received
MN22AU207 Auger 1274303 502102 373 360 -90 7 Assays received
MN22AU208 Auger 1274204 502600 365 360 -90 8 Assays received
MN22AU209 Auger 1274202 502550 362 360 -90 7 Assays received
MN22AU210 Auger 1274200 502503 360 360 -90 7 Assays received
MN22AU211 Auger 1274198 502453 359 360 -90 7 Assays received
MN22AU212 Auger 1274201 502400 361 360 -90 6 Assays received
MN22AU213 Auger 1274199 502350 360 360 -90 7 Assays received
MN22AU214 Auger 1274202 502302 362 360 -90 7 Assays received
MN22AU215 Auger 1274198 502251 363 360 -90 6 Assays received
MN22AU216 Auger 1274206 502203 360 360 -90 8 Assays received
MN22AU217 Auger 1274201 502149 366 360 -90 7 Assays received
MN22AU218 Auger 1274202 502101 366 360 -90 7 Assays received
MN22AU219 Auger 1274196 502056 370 360 -90 6 Assays received
MN22AU220 Auger 1274203 501999 371 360 -90 7 Assays received
MN22AU221 Auger 1274201 501946 372 360 -90 6 Assays received

Page 10 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MN22AU222 Auger 1274203 501900 373 360 -90 6 Assays received
MN22AU223 Auger 1274105 501899 375 360 -90 7 Assays received
MN22AU224 Auger 1274105 501949 368 360 -90 7 Assays received
MN22AU225 Auger 1274100 502002 363 360 -90 6 Assays received
MN22AU226 Auger 1274103 502047 361 360 -90 7 Assays received
MN22AU227 Auger 1274098 502100 359 360 -90 7 Assays received
MN22AU228 Auger 1274103 502153 371 360 -90 7 Assays received
MN22AU229 Auger 1274099 502200 360 360 -90 5 Assays received
MN22AU230 Auger 1274098 502249 359 360 -90 7 Assays received
MN22AU231 Auger 1274100 502301 357 360 -90 7 Assays received
MN22AU232 Auger 1274101 502351 364 360 -90 7 Assays received
MN22AU233 Auger 1274100 502401 371 360 -90 7 Assays received
MN22AU234 Auger 1274098 502455 369 360 -90 8 Assays received
MN22AU235 Auger 1274099 502498 372 360 -90 7 Assays received
MN22AU236 Auger 1274101 502551 365 360 -90 8 Assays received
MN22AU237 Auger 1274105 502602 368 360 -90 5 Assays received
MN22AU238 Auger 1274500 502002 377 360 -90 9 Assays received
MN22AU239 Auger 1274500 501949 378 360 -90 7 Assays received
MN22AU240 Auger 1274498 501904 384 360 -90 7 Assays received
MN22AU241 Auger 1274400 501907 372 360 -90 6 Assays received
MN22AU242 Auger 1274397 501950 373 360 -90 6 Assays received
MN22AU243 Auger 1274396 501997 375 360 -90 7 Assays received
MN22AU244 Auger 1274396 502049 373 360 -90 7 Assays received
MN22AU245 Auger 1274401 502098 369 360 -90 7 Assays received
MN22AU246 Auger 1274400 502147 371 360 -90 6 Assays received
MN22AU247 Auger 1274296 501905 372 360 -90 9 Assays received
MN22AU248 Auger 1274300 501947 384 360 -90 6 Assays received
MN22AU249 Auger 1274304 501992 380 360 -90 7 Assays received
MN22AU250 Auger 1274304 502042 367 360 -90 6 Assays received
MN22AU251 Auger 1274101 502999 365 360 -90 6 Assays received
MN22AU252 Auger 1274100 503052 364 360 -90 9 Assays received
MN22AU253 Auger 1274101 503099 364 360 -90 8 Assays received
MN22AU254 Auger 1274104 503148 360 360 -90 5 Assays received
MN22AU255 Auger 1274097 503204 365 360 -90 9 Assays received
MN22AU256 Auger 1274097 503250 367 360 -90 7 Assays received
MN22AU257 Auger 1274102 503302 361 360 -90 6 Assays received
MN22AU258 Auger 1274097 503353 363 360 -90 7 Assays received
MN22AU259 Auger 1274102 503402 356 360 -90 7 Assays received
MN22AU260 Auger 1274100 503447 361 360 -90 7 Assays received
MN22AU261 Auger 1274101 503497 361 360 -90 6 Assays received
MN22AU262 Auger 1274101 503547 355 360 -90 5 Assays received
MN22AU263 Auger 1274002 502994 368 360 -90 7 Assays received
MN22AU264 Auger 1273897 502999 378 360 -90 8 Assays received
MN22AU265 Auger 1273901 503050 372 360 -90 8 Assays received
MN22AU266 Auger 1273896 503101 375 360 -90 10 Assays received
MN22AU267 Auger 1273901 503152 378 360 -90 9 Assays received
MN22AU268 Auger 1274002 503050 369 360 -90 6 Assays received
MN22AU269 Auger 1274001 503103 368 360 -90 7 Assays received
MN22AU270 Auger 1274004 503151 367 360 -90 7 Assays received
MN22AU271 Auger 1274003 503205 365 360 -90 7 Assays received
MN22AU272 Auger 1274002 503250 369 360 -90 7 Assays received
MN22AU273 Auger 1274002 503301 367 360 -90 7 Assays received
MN22AU274 Auger 1273999 503351 362 360 -90 7 Assays received
MN22AU275 Auger 1273996 503397 363 360 -90 5 Assays received
MN22AU276 Auger 1274002 503448 363 360 -90 5 Assays received
MN22AU277 Auger 1273997 503501 360 360 -90 5 Assays received
MN22AU278 Auger 1274003 503551 358 360 -90 5 Assays received

Page 11 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MN22AU279 Auger 1273901 503199 370 360 -90 8 Assays received
MN22AU280 Auger 1273898 503250 377 360 -90 8 Assays received
MN22AU281 Auger 1273900 503307 374 360 -90 8 Assays received
MN22AU282 Auger 1273901 503349 372 360 -90 6 Assays received
MN22AU283 Auger 1273899 503398 372 360 -90 5 Assays received
MN22AU284 Auger 1273897 503445 372 360 -90 6 Assays received
MN22AU285 Auger 1273897 503498 362 360 -90 5 Assays received
MN22AU286 Auger 1273900 503548 360 360 -90 5 Assays received
MN22AU287 Auger 1273796 503004 376 360 -90 8 Assays received
MN22AU288 Auger 1273795 503056 377 360 -90 9 Assays received
MN22AU289 Auger 1273797 503102 374 360 -90 8 Assays received
MN22AU290 Auger 1273797 503148 371 360 -90 9 Assays received
MN22AU291 Auger 1273799 503196 375 360 -90 8 Assays received
MN22AU292 Auger 1273798 503252 373 360 -90 8 Assays received
MN22AU293 Auger 1273804 503307 364 360 -90 8 Assays received
MN22AU294 Auger 1273802 503348 366 360 -90 6 Assays received
MN22AU295 Auger 1273795 503401 366 360 -90 5 Assays received
MN22AU296 Auger 1273798 503448 369 360 -90 5 Assays received
MN22AU297 Auger 1273800 503494 368 360 -90 6 Assays received
MN22AU298 Auger 1273799 503545 373 360 -90 5 Assays received
MN22AU299 Auger 1273701 503001 386 360 -90 8 Assays received
MN22AU300 Auger 1273703 503049 377 360 -90 8 Assays received
MN22AU301 Auger 1273700 503099 372 360 -90 9 Assays received
MN22AU302 Auger 1273701 503150 370 360 -90 8 Assays received
MN22AU303 Auger 1273700 503200 371 360 -90 8 Assays received
MN22AU304 Auger 1273705 503252 372 360 -90 10 Assays received
MN22AU305 Auger 1273698 503300 371 360 -90 10 Assays received
MN22AU306 Auger 1273699 503347 368 360 -90 7 Assays received
MN22AU307 Auger 1273702 503403 370 360 -90 6 Assays received
MN22AU308 Auger 1273696 503450 370 360 -90 6 Assays received
MN22AU309 Auger 1273699 503499 372 360 -90 9 Assays received
MN22AU310 Auger 1273700 503549 376 360 -90 8 Assays received
MN22AU311 Auger 1273602 503549 382 360 -90 9 Assays received
MN22AU312 Auger 1273600 503497 375 360 -90 9 Assays received
MN22AU313 Auger 1273600 503447 376 360 -90 9 Assays received
MN22AU314 Auger 1273596 503401 372 360 -90 8 Assays received
MN22AU315 Auger 1273603 503348 370 360 -90 8 Assays received
MN22AU316 Auger 1273598 503297 368 360 -90 7 Assays received
MN22AU317 Auger 1273599 503247 365 360 -90 9 Assays received
MN22AU318 Auger 1273602 503197 370 360 -90 10 Assays received
MN22AU319 Auger 1273603 503144 376 360 -90 9 Assays received
MN22AU320 Auger 1273601 503097 380 360 -90 9 Assays received
MN22AU321 Auger 1273600 503045 379 360 -90 9 Assays received
MN22AU322 Auger 1273602 502998 374 360 -90 10 Assays received
MN22AU323 Auger 1275497 503348 371 360 -90 9 Assays received
MN22AU324 Auger 1275499 503399 370 360 -90 8 Assays received
MN22AU325 Auger 1275500 503451 372 360 -90 9 Assays received
MN22AU326 Auger 1275500 503501 371 360 -90 10 Assays received
MN22AU327 Auger 1275499 503550 377 360 -90 11 Assays received
MN22AU328 Auger 1275500 503600 375 360 -90 9 Assays received
MN22AU329 Auger 1275505 503651 382 360 -90 7 Assays received
MN22AU330 Auger 1275501 503702 384 360 -90 8 Assays received
MN22AU331 Auger 1275504 503753 396 360 -90 7 Assays received
MN22AU332 Auger 1275505 503800 385 360 -90 7 Assays received
MN22AU333 Auger 1275498 503845 383 360 -90 7 Assays received
MN22AU334 Auger 1275503 503899 385 360 -90 6 Assays received
MN22AU335 Auger 1275505 503947 379 360 -90 7 Assays received

Page 12 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

==> picture [165 x 50] intentionally omitted <==

MN22AU336 Auger 1275599 503351 373 360 -90 9 Assays received
MN22AU337 Auger 1275596 503401 375 360 -90 10 Assays received
MN22AU338 Auger 1275602 503449 376 360 -90 10 Assays received
MN22AU339 Auger 1275596 503500 379 360 -90 9 Assays received
MN22AU340 Auger 1275601 503550 379 360 -90 6 Assays received
MN22AU341 Auger 1275600 503602 381 360 -90 7 Assays received
MN22AU342 Auger 1275602 503651 379 360 -90 7 Assays received
MN22AU343 Auger 1275604 503703 383 360 -90 7 Assays received
MN22AU344 Auger 1275601 503748 383 360 -90 7 Assays received
MN22AU345 Auger 1275604 503800 383 360 -90 5 Assays received
MN22AU346 Auger 1275605 503849 383 360 -90 5 Assays received
MN22AU347 Auger 1275604 503897 385 360 -90 7 Assays received
MN22AU348 Auger 1275607 503951 370 360 -90 7 Assays received
MN22AU349 Auger 1275604 504001 371 360 -90 7 Assays received
MN22AU350 Auger 1275608 504043 373 360 -90 6 Assays received
MN22AU351 Auger 1275603 504098 373 360 -90 7 Assays received
MN22AU352 Auger 1275703 503350 376 360 -90 9 Assays received
MN22AU353 Auger 1275699 503402 376 360 -90 10 Assays received
MN22AU354 Auger 1275696 503450 381 360 -90 10 Assays received
MN22AU355 Auger 1275697 503498 379 360 -90 9 Assays received
MN22AU356 Auger 1275798 503349 381 360 -90 6 Assays received
MN22AU357 Auger 1275799 503399 382 360 -90 9 Assays received
MN22AU358 Auger 1275800 503447 385 360 -90 7 Assays received
MN22AU359 Auger 1275804 503501 386 360 -90 7 Assays received
MN22AU360 Auger 1275804 503548 386 360 -90 7 Assays received
MN22AU361 Auger 1275799 503599 395 360 -90 6 Assays received
MN22AU362 Auger 1275707 503554 386 360 -90 7 Assays received
MN22AU363 Auger 1275701 503599 389 360 -90 6 Assays received
MN22AU364 Auger 1275701 503652 390 360 -90 7 Assays received
MN22AU365 Auger 1275698 503700 388 360 -90 8 Assays received
MN22AU366 Auger 1275704 503749 391 360 -90 8 Assays received
MN22AU367 Auger 1275702 503801 379 360 -90 9 Assays received
MN22AU368 Auger 1275701 503854 385 360 -90 9 Assays received
MN22AU369 Auger 1275701 503902 378 360 -90 10 Assays received
MN22AU370 Auger 1275700 503953 381 360 -90 10 Assays received
MN22AU371 Auger 1275698 504002 384 360 -90 9 Assays received
MN22AU372 Auger 1275700 504053 373 360 -90 8 Assays received
MN22AU373 Auger 1275700 504100 372 360 -90 6 Assays received
MN22AU374 Auger 1275506 504000 378 360 -90 7 Assays received
MN22AU375 Auger 1275503 504054 375 360 -90 7 Assays received
MN22AU376 Auger 1275504 504099 378 360 -90 7 Assays received
MN22AU377 Auger 1275797 504096 382 360 -90 7 Assays received
MN22AU378 Auger 1275803 504050 388 360 -90 7 Assays received
MN22AU379 Auger 1275805 503998 383 360 -90 8 Assays received
MN22AU380 Auger 1275811 503951 384 360 -90 6 Assays received
MN22AU381 Auger 1275806 503899 387 360 -90 7 Assays received
MN22AU382 Auger 1275800 503852 383 360 -90 8 Assays received
MN22AU383 Auger 1275802 503800 390 360 -90 9 Assays received
MN22AU384 Auger 1275801 503750 388 360 -90 8 Assays received
MN22AU385 Auger 1275797 503699 388 360 -90 8 Assays received
MN22AU386 Auger 1275799 503652 384 360 -90 5 Assays received
MN22AU387 Auger 1275904 503349 379 360 -90 7 Assays received
MN22AU388 Auger 1275899 503398 387 360 -90 8 Assays received
MN22AU389 Auger 1275900 503451 385 360 -90 9 Assays received
MN22AU390 Auger 1275907 503496 386 360 -90 7 Assays received
MN22AU391 Auger 1275903 503549 394 360 -90 9 Assays received
MN22AU392 Auger 1275906 503597 398 360 -90 9 Assays received

Page 13 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

==> picture [165 x 50] intentionally omitted <==

MN22AU393 Auger 1275901 503648 401 360 -90 5 Assays received
MN22AU394 Auger 1275902 503698 401 360 -90 7 Assays received
MN22AU395 Auger 1275902 503746 403 360 -90 7 Assays received
MN22AU396 Auger 1275902 503805 401 360 -90 8 Assays received
MN22AU397 Auger 1275899 503845 392 360 -90 6 Assays received
MN22AU398 Auger 1275902 503896 385 360 -90 5 Assays received
MN22AU399 Auger 1275904 503946 375 360 -90 3 Assays received
MN22AU400 Auger 1275901 504000 374 360 -90 4 Assays received
MN22AU401 Auger 1275899 504048 371 360 -90 4 Assays received
MN22AU402 Auger 1275901 504098 368 360 -90 5 Assays received
MN22AU403 Auger 1276000 504101 366 360 -90 4 Assays received
MN22AU404 Auger 1276000 504050 367 360 -90 2 Assays received
MN22AU405 Auger 1276003 503999 371 360 -90 3 Assays received
MN22AU406 Auger 1276001 503948 380 360 -90 7 Assays received
MN22AU407 Auger 1276002 503898 382 360 -90 7 Assays received
MN22AU408 Auger 1276001 503851 383 360 -90 9 Assays received
MN22AU409 Auger 1276002 503801 387 360 -90 7 Assays received
MN22AU410 Auger 1276000 503748 385 360 -90 11 Assays received
MN22AU411 Auger 1276001 503698 393 360 -90 11 Assays received
MN22AU412 Auger 1276005 503648 396 360 -90 12 Assays received
MN22AU413 Auger 1276004 503603 405 360 -90 10 Assays received
MN22AU414 Auger 1276005 503551 401 360 -90 9 Assays received
MN22AU415 Auger 1275996 503492 399 360 -90 11 Assays received
MN22AU416 Auger 1276003 503450 394 360 -90 9 Assays received
MN22AU417 Auger 1276001 503399 389 360 -90 9 Assays received
MN22AU418 Auger 1276000 503346 386 360 -90 9 Assays received
MN22AU419 Auger 1276099 503348 388 360 -90 7 Assays received
MN22AU420 Auger 1276095 503400 388 360 -90 9 Assays received
MN22AU421 Auger 1276095 503449 391 360 -90 7 Assays received
MN22AU422 Auger 1276098 503502 395 360 -90 9 Assays received
MN22AU423 Auger 1276099 503545 396 360 -90 9 Assays received
MN22AU424 Auger 1276096 503602 397 360 -90 9 Assays received
MN22AU425 Auger 1276099 503650 394 360 -90 8 Assays received
MN22AU426 Auger 1276101 503700 390 360 -90 9 Assays received
MN22AU427 Auger 1276101 503750 391 360 -90 11 Assays received
MN22AU428 Auger 1276100 503800 393 360 -90 10 Assays received
MN22AU429 Auger 1276100 503854 390 360 -90 11 Assays received
MN22AU430 Auger 1276101 503903 388 360 -90 7 Assays received
MN22AU431 Auger 1276104 503951 381 360 -90 7 Assays received
MN22AU432 Auger 1276106 503993 387 360 -90 8 Assays received
MN22AU433 Auger 1276106 504047 382 360 -90 6 Assays received
MN22AU434 Auger 1276196 503350 388 360 -90 9 Assays received
MN22AU435 Auger 1276096 504100 372 360 -90 4 Assays received
MN22AU436 Auger 1276198 504097 363 360 -90 3 Assays received
MN22AU437 Auger 1276200 504056 368 360 -90 4 Assays received
MN22AU438 Auger 1276202 503993 371 360 -90 8 Assays received
MN22AU439 Auger 1276199 503949 376 360 -90 7 Assays received
MN22AU440 Auger 1276199 503901 376 360 -90 9 Assays received
MN22AU441 Auger 1276202 503850 378 360 -90 9 Assays received
MN22AU442 Auger 1276200 503799 380 360 -90 8 Assays received
MN22AU443 Auger 1276194 503745 384 360 -90 9 Assays received
MN22AU444 Auger 1276200 503699 390 360 -90 9 Assays received
MN22AU445 Auger 1276173 503643 395 360 -90 9 Assays received
MN22AU446 Auger 1276201 503600 394 360 -90 6 Assays received
MN22AU447 Auger 1276200 503542 399 360 -90 9 Assays received
MN22AU448 Auger 1276198 503496 405 360 -90 10 Assays received
MN22AU449 Auger 1276201 503406 392 360 -90 3 Assays received

Page 14 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

==> picture [165 x 50] intentionally omitted <==

MN22AU450 Auger 1276193 503447 391 360 -90 4 Assays received
MN22AU451 Auger 1277694 504141 386 360 -90 10 Assays received
MN22AU452 Auger 1277702 504094 390 360 -90 11 Assays received
MN22AU453 Auger 1277798 504096 393 360 -90 11 Assays received
MN22AU454 Auger 1277800 504152 392 360 -90 11 Assays received
MN22AU455 Auger 1277801 504198 391 360 -90 11 Assays received
MN22AU456 Auger 1277700 504201 384 360 -90 11 Assays received
MN22AU457 Auger 1277799 504246 395 360 -90 11 Assays received
MN22AU458 Auger 1277903 504100 407 360 -90 9 Assays received
MN22AU459 Auger 1278006 504148 413 360 -90 5 Assays received
MN22AU460 Auger 1277902 504136 406 360 -90 9 Assays received
MN22AU461 Auger 1277900 504201 402 360 -90 9 Assays received
MN22AU462 Auger 1277901 504247 397 360 -90 11 Assays received
MN22AU463 Auger 1277898 504301 471 360 -90 11 Assays received
MN22AU464 Auger 1277803 504294 401 360 -90 11 Assays received
MN22AU465 Auger 1277702 503600 361 360 -90 10 Assays received
MN22AU466 Auger 1277704 503550 362 360 -90 9 Assays received
MN22AU467 Auger 1277702 503511 362 360 -90 7 Assays received
MN22AU468 Auger 1277597 503495 367 360 -90 11 Assays received
MN22AU469 Auger 1277598 503553 372 360 -90 9 Assays received
MN22AU470 Auger 1277600 503599 369 360 -90 9 Assays received
MN22AU471 Auger 1277502 503516 367 360 -90 9 Assays received
MN22AU472 Auger 1277502 503550 369 360 -90 9 Assays received
MN22AU473 Auger 1277503 503608 363 360 -90 6 Assays received
MN22AU474 Auger 1277500 503694 371 360 -90 11 Assays received
MN22AU475 Auger 1277499 503655 372 360 -90 7 Assays received
MN22AU476 Auger 1277601 503695 376 360 -90 5 Assays received
MN22AU477 Auger 1277601 503654 378 360 -90 7 Assays received
MN22AU478 Auger 1278084 503507 365 360 -90 10 Assays received
MN22AU479 Auger 1278003 503500 365 360 -90 11 Assays received
MN22AU480 Auger 1277805 503501 369 360 -90 8 Assays received
MN22AU481 Auger 1277802 503547 366 360 -90 7 Assays received
MN22AU482 Auger 1277903 503549 363 360 -90 9 Assays received
MN22AU483 Auger 1278003 503552 366 360 -90 8 Assays received
MN22AU484 Auger 1278100 503547 368 360 -90 6 Assays received
MN22AU485 Auger 1278201 503499 368 360 -90 9 Assays received
MN22AU486 Auger 1278199 503551 371 360 -90 7 Assays received
MN22AU487 Auger 1278204 503597 375 360 -90 7 Assays received
MN22AU488 Auger 1278202 503649 387 360 -90 6 Assays received
MN22AU489 Auger 1278098 503596 383 360 -90 3 Assays received
MN22AU490 Auger 1278099 503649 386 360 -90 5 Assays received
MN22AU491 Auger 1278101 503698 381 360 -90 5 Assays received
MN22AU492 Auger 1278100 503747 383 360 -90 5 Assays received
MN22AU493 Auger 1278101 503796 381 360 -90 3 Assays received
MN22AU494 Auger 1278008 503751 384 360 -90 3 Assays received
MN22AU495 Auger 1278007 503694 382 360 -90 3 Assays received
MN22AU496 Auger 1278005 503648 378 360 -90 4 Assays received
MN22AU497 Auger 1278003 503599 370 360 -90 4 Assays received
MN22AU498 Auger 1277902 503598 372 360 -90 8 Assays received
MN22AU499 Auger 1277902 503647 368 360 -90 9 Assays received
MN22AU500 Auger 1277902 503699 373 360 -90 10 Assays received
MN22AU501 Auger 1277904 503749 376 360 -90 11 Assays received
MN22AU502 Auger 1277901 503799 381 360 -90 10 Assays received
MN22AU503 Auger 1277902 503852 395 360 -90 7 Assays received
MN22AU504 Auger 1277901 503898 393 360 -90 7 Assays received
MN22AU505 Auger 1277900 503951 392 360 -90 9 Assays received
MN22AU506 Auger 1277905 503997 395 360 -90 9 Assays received

Page 15 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

==> picture [165 x 50] intentionally omitted <==

MN22AU507 Auger 1277904 504047 400 360 -90 11 Assays received
MN22AU508 Auger 1277802 504047 399 360 -90 10 Assays received
MN22AU509 Auger 1277803 504000 406 360 -90 11 Assays received
MN22AU510 Auger 1277800 503948 406 360 -90 7 Assays received
MN22AU511 Auger 1277799 503895 398 360 -90 7 Assays received
MN22AU512 Auger 1277798 503851 393 360 -90 5 Assays received
MN22AU513 Auger 1277802 503599 367 360 -90 6 Assays received
MN22AU514 Auger 1277800 503648 371 360 -90 9 Assays received
MN22AU515 Auger 1277800 503700 370 360 -90 10 Assays received
MN22AU516 Auger 1277806 503728 373 360 -90 9 Assays received
MN22AU517 Auger 1277795 503805 374 360 -90 3 Assays received
MN22AU518 Auger 1277700 503648 367 360 -90 7 Assays received
MN22AU519 Auger 1277702 503700 369 360 -90 6 Assays received
MN22AU520 Auger 1277697 503750 373 360 -90 4 Assays received
MN22AU521 Auger 1277700 503799 379 360 -90 3 Assays received
MN22AU522 Auger 1277700 503850 385 360 -90 6 Assays received
MN22AU523 Auger 1277699 503898 389 360 -90 5 Assays received
MN22AU524 Auger 1277700 503950 395 360 -90 9 Assays received
MN22AU525 Auger 1277700 503999 397 360 -90 9 Assays received
MN22AU526 Auger 1277700 504051 398 360 -90 11 Assays received
MN22AU527 Auger 1277603 504152 388 360 -90 9 Assays received
MN22AU528 Auger 1277607 504099 397 360 -90 11 Assays received
MN22AU529 Auger 1277601 504052 396 360 -90 11 Assays received
MN22AU530 Auger 1277601 503999 390 360 -90 11 Assays received
MN22AU531 Auger 1277596 503949 394 360 -90 11 Assays received
MN22AU532 Auger 1277602 503896 385 360 -90 8 Assays received
MN22AU533 Auger 1277600 503847 381 360 -90 5 Assays received
MN22AU534 Auger 1277602 503797 379 360 -90 8 Assays received
MN22AU535 Auger 1277598 503750 377 360 -90 9 Assays received
MN22AU536 Auger 1277508 503750 382 360 -90 9 Assays received
MN22AU537 Auger 1277505 503796 382 360 -90 5 Assays received
MN22AU538 Auger 1277497 503851 384 360 -90 6 Assays received
MN22AU539 Auger 1277502 503901 387 360 -90 10 Assays received
MN22AU540 Auger 1277496 503952 381 360 -90 10 Assays received
MN22AU541 Auger 1277498 504000 386 360 -90 11 Assays received
MN22AU542 Auger 1277502 504045 382 360 -90 11 Assays received
MN22AU543 Auger 1277500 504102 379 360 -90 11 Assays received
MN22AU544 Auger 1277498 504152 379 360 -90 9 Assays received
MN22AU545 Auger 1277500 504204 373 360 -90 6 Assays received
MN22AU546 Auger 1277497 504250 378 360 -90 9 Assays received
MN22AU547 Auger 1277500 504302 372 360 -90 11 Assays received
MN22AU548 Auger 1277500 504350 376 360 -90 7 Assays received
MN22AU549 Auger 1277505 504399 384 360 -90 7 Assays received
MN22AU550 Auger 1277498 504435 388 360 -90 9 Assays received
MN22AU551 Auger 1277702 504300 390 360 -90 5 Assays received
MN22AU552 Auger 1277662 504254 387 360 -90 8 Assays received
MN22AU553 Auger 1277582 504207 388 360 -90 5 Assays received
MN22AU554 Auger 1277600 504249 379 360 -90 7 Assays received
MN22AU555 Auger 1277600 504295 378 360 -90 8 Assays received
MN22AU556 Auger 1277599 504349 370 360 -90 10 Assays received
MN22AU557 Auger 1277600 504399 375 360 -90 7 Assays received
MN22AU558 Auger 1277596 504447 378 360 -90 6 Assays received
MN22AU559 Auger 1277696 504351 374 360 -90 5 Assays received
MN22AU560 Auger 1277701 504401 400 360 -90 10 Assays received
MN22AU561 Auger 1277700 504449 377 360 -90 8 Assays received
MN22AU562 Auger 1277794 504343 380 360 -90 7 Assays received
MN22AU563 Auger 1277873 504349 376 360 -90 5 Assays received

Page 16 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

==> picture [165 x 50] intentionally omitted <==

MN22AU564 Auger 1277800 504396 379 360 -90 7 Assays received
MN22AU565 Auger 1277805 504438 382 360 -90 8 Assays received
MN22AU566 Auger 1277910 504407 403 360 -90 11 Assays received
MN22AU567 Auger 1277905 504447 403 360 -90 11 Assays received
MN22AU568 Auger 1278003 504454 408 360 -90 9 Assays received
MN22AU569 Auger 1278001 504395 418 360 -90 12 Assays received
MN22AU570 Auger 1277991 504339 409 360 -90 10 Assays received
MN22AU571 Auger 1278000 504302 397 360 -90 11 Assays received
MN22AU572 Auger 1278003 504248 396 360 -90 11 Assays received
MN22AU573 Auger 1278002 504206 396 360 -90 11 Assays received
MN22AU574 Auger 1278003 504101 397 360 -90 11 Assays received
MN22AU575 Auger 1278004 504047 404 360 -90 9 Assays received
MN22AU576 Auger 1278002 504000 410 360 -90 10 Assays received
MN22AU577 Auger 1278003 503946 410 360 -90 9 Assays received
MN22AU578 Auger 1278005 503898 405 360 -90 9 Assays received
MN22AU579 Auger 1278005 503849 405 360 -90 9 Assays received
MN22AU580 Auger 1278004 503800 400 360 -90 9 Assays received
MN22AU581 Auger 1278097 503889 414 360 -90 9 Assays received
MN22AU582 Auger 1278098 503942 422 360 -90 9 Assays received
MN22AU583 Auger 1278097 503993 402 360 -90 9 Assays received
MN22AU584 Auger 1278106 504031 406 360 -90 9 Assays received
MN22AU585 Auger 1278170 503848 380 360 -90 4 Assays received
MN22AU586 Auger 1278205 503899 383 360 -90 4 Assays received
MN22AU587 Auger 1278206 503947 387 360 -90 3 Assays received
MN22AU588 Auger 1278207 504002 390 360 -90 3 Assays received
MN22AU589 Auger 1278203 504043 392 360 -90 3 Assays received
MN22AU590 Auger 1278114 504093 403 360 -90 4 Assays received
MN22AU591 Auger 1278207 504094 402 360 -90 5 Assays received
MN22AU592 Auger 1278299 503905 394 360 -90 4 Assays received
MN22AU593 Auger 1278296 503951 396 360 -90 3 Assays received
MN22AU594 Auger 1278299 503998 398 360 -90 4 Assays received
MN22AU595 Auger 1278461 504041 407 360 -90 3 Assays received
MN22AU596 Auger 1278423 504013 410 360 -90 3 Assays received
MN22AU597 Auger 1278299 504096 400 360 -90 3 Assays received
MN22AU598 Auger 1278302 504053 399 360 -90 3 Assays received
MN22AU599 Auger 1278312 504177 398 360 -90 3 Assays received
MN22AU600 Auger 1278308 504146 392 360 -90 3 Assays received
MN22AU601 Auger 1278363 504132 393 360 -90 3 Assays received
MN22AU602 Auger 1278398 504091 395 360 -90 4 Assays received
MN22AU603 Auger 1278401 504056 392 360 -90 3 Assays received
MN22AU604 Auger 1278276 503852 383 360 -90 3 Assays received
MN22AU605 Auger 1278302 503790 384 360 -90 3 Assays received
MN22AU606 Auger 1278207 503798 385 360 -90 5 Assays received
MN22AU607 Auger 1278203 503851 384 360 -90 5 Assays received
MN22AU608 Auger 1278204 503747 380 360 -90 5 Assays received
MN22AU609 Auger 1278203 503699 376 360 -90 7 Assays received
MN22AU610 Auger 1278300 503749 381 360 -90 7 Assays received
MN22AU611 Auger 1278297 503703 380 360 -90 5 Assays received
MN22AU612 Auger 1278301 503651 380 360 -90 5 Assays received
MN22AU613 Auger 1278292 503599 380 360 -90 4 Assays received
MN22AU614 Auger 1278302 503525 385 360 -90 3 Assays received
MN22AU615 Auger 1278299 503497 381 360 -90 5 Assays received
MN22AU616 Auger 1278404 503500 381 360 -90 5 Assays received
MN22AU617 Auger 1278502 503498 371 360 -90 6 Assays received
MN22AU618 Auger 1278511 503533 380 360 -90 8 Assays received
MN22AU619 Auger 1278504 504252 415 360 -90 9 Assays received
MN22AU620 Auger 1278416 504203 423 360 -90 7 Assays received

Page 17 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MN22AU621 Auger 1278403 504250 423 360 -90 9 Assays received
MN22AU622 Auger 1278559 504245 417 360 -90 9 Assays received
MN22AU623 Auger 1278502 504355 426 360 -90 9 Assays received
MN22AU624 Auger 1278505 504397 429 360 -90 9 Assays received
MN22AU625 Auger 1278503 504447 435 360 -90 11 Assays received
MN22AU626 Auger 1278491 504306 440 360 -90 9 Assays received
MN22AU627 Auger 1278402 504305 441 360 -90 12 Assays received
MN22AU628 Auger 1278400 504351 431 360 -90 13 Assays received
MN22AU629 Auger 1278396 504394 435 360 -90 13 Assays received
MN22AU630 Auger 1278402 504445 428 360 -90 11 Assays received
MN22AU631 Auger 1278294 504251 419 360 -90 11 Assays received
MN22AU632 Auger 1278300 504304 422 360 -90 13 Assays received
MN22AU633 Auger 1278303 504352 420 360 -90 11 Assays received
MN22AU634 Auger 1278300 504404 437 360 -90 11 Assays received
MN22AU635 Auger 1278300 504453 416 360 -90 11 Assays received
MN22AU636 Auger 1278217 504216 412 360 -90 9 Assays received
MN22AU637 Auger 1278202 504251 409 360 -90 9 Assays received
MN22AU638 Auger 1278203 504294 415 360 -90 12 Assays received
MN22AU639 Auger 1278202 504349 412 360 -90 11 Assays received
MN22AU640 Auger 1278198 504404 410 360 -90 11 Assays received
MN22AU641 Auger 1278200 504448 414 360 -90 11 Assays received
MN22AU642 Auger 1278101 504450 404 360 -90 11 Assays received
MN22AU643 Auger 1278102 504390 439 360 -90 11 Assays received
MN22AU644 Auger 1278103 504350 402 360 -90 12 Assays received
MN22AU645 Auger 1278104 504301 399 360 -90 11 Assays received
MN22AU646 Auger 1278099 504248 404 360 -90 11 Assays received
MN22AU647 Auger 1278100 504198 404 360 -90 5 Assays received
MN22AU648 Auger 1278099 504149 409 360 -90 6 Assays received
MN22AU649 Auger 1278401 503550 394 360 -90 8 Assays received
MN22AU650 Auger 1278404 503603 399 360 -90 11 Assays received
MN22AU651 Auger 1278400 503651 392 360 -90 4 Assays received
MN22AU652 Auger 1278396 503699 386 360 -90 4 Assays received
MN22AU653 Auger 1278397 503752 385 360 -90 5 Assays received
MN22AU654 Auger 1278401 503804 390 360 -90 4 Assays received
MN22AU655 Auger 1278398 503851 386 360 -90 5 Assays received
MN22AU656 Auger 1278401 503904 395 360 -90 4 Assays received
MN22AU657 Auger 1278412 503950 383 360 -90 3 Assays received
MN22AU658 Auger 1278455 503996 390 360 -90 3 Assays received
MN22AU659 Auger 1278451 503947 402 360 -90 4 Assays received
MN22AU660 Auger 1278438 503897 399 360 -90 3 Assays received
MN22AU661 Auger 1278452 503850 399 360 -90 4 Assays received
MN22AU662 Auger 1278462 503799 393 360 -90 3 Assays received
MN22AU663 Auger 1278502 503750 385 360 -90 3 Assays received
MN22AU664 Auger 1278500 503698 391 360 -90 3 Assays received
MN22AU665 Auger 1278503 503651 395 360 -90 9 Assays received
MN22AU666 Auger 1278493 503602 397 360 -90 9 Assays received
MN22AU667 Auger 1276507 505603 399 360 -90 13 Assays received
MN22AU668 Auger 1276496 506301 417 360 -90 9 Assays received
MN22AU669 Auger 1276500 506251 410 360 -90 11 Assays received
MN22AU670 Auger 1276501 506200 407 360 -90 12 Assays received
MN22AU671 Auger 1276504 506147 407 360 -90 11 Assays received
MN22AU672 Auger 1276504 506100 416 360 -90 11 Assays received
MN22AU673 Auger 1276501 506050 404 360 -90 11 Assays received
MN22AU674 Auger 1276496 506000 401 360 -90 9 Assays received
MN22AU675 Auger 1276497 505952 405 360 -90 9 Assays received
MN22AU676 Auger 1276500 505900 398 360 -90 9 Assays received
MN22AU677 Auger 1276501 505845 396 360 -90 10 Assays received

Page 18 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MN22AU678 Auger 1276497 505798 403 360 -90 9 Assays received
MN22AU679 Auger 1276613 505849 411 360 -90 9 Assays received
MN22AU680 Auger 1276603 505902 417 360 -90 11 Assays received
MN22AU681 Auger 1276602 505950 419 360 -90 9 Assays received
MN22AU682 Auger 1276604 505999 423 360 -90 10 Assays received
MN22AU683 Auger 1276600 506048 425 360 -90 8 Assays received
MN22AU684 Auger 1276601 506102 434 360 -90 7 Assays received
MN22AU685 Auger 1276604 506149 421 360 -90 9 Assays received
MN22AU686 Auger 1276599 506199 417 360 -90 9 Assays received
MN22AU687 Auger 1276603 506250 423 360 -90 10 Assays received
MN22AU688 Auger 1276601 506298 430 360 -90 11 Assays received
MN22AU689 Auger 1276699 506289 439 360 -90 8 Assays received
MN22AU690 Auger 1276703 506248 439 360 -90 9 Assays received
MN22AU691 Auger 1276707 506201 437 360 -90 7 Assays received
MN22AU692 Auger 1276700 506152 440 360 -90 11 Assays received
MN22AU693 Auger 1276697 506097 434 360 -90 9 Assays received
MN22AU694 Auger 1276702 506047 436 360 -90 9 Assays received
MN22AU695 Auger 1276702 506001 432 360 -90 9 Assays received
MN22AU696 Auger 1276703 505938 418 360 -90 11 Assays received
MN22AU697 Auger 1276698 505901 410 360 -90 11 Assays received
MN22AU698 Auger 1276699 505850 410 360 -90 9 Assays received
MN22AU699 Auger 1276699 505800 409 360 -90 11 Assays received
MN22AU700 Auger 1276705 505750 408 360 -90 11 Assays received
MN22AU701 Auger 1276704 505700 408 360 -90 11 Assays received
MN22AU702 Auger 1276706 505650 414 360 -90 11 Assays received
MN22AU703 Auger 1276704 505608 444 360 -90 11 Assays received
MN22AU704 Auger 1276600 505600 408 360 -90 11 Assays received
MN22AU705 Auger 1276601 505651 399 360 -90 10 Assays received
MN22AU706 Auger 1276600 505700 398 360 -90 10 Assays received
MN22AU707 Auger 1276603 505749 410 360 -90 8 Assays received
MN22AU708 Auger 1276500 505698 399 360 -90 8 Assays received
MN22AU709 Auger 1276498 505643 399 360 -90 9 Assays received
MN22AU710 Auger 1276643 505794 421 360 -90 8 Assays received
MN22AU711 Auger 1276801 505844 415 360 -90 7 Assays received
MN22AU712 Auger 1276805 505798 415 360 -90 9 Assays received
MN22AU713 Auger 1276801 505601 398 360 -90 13 Assays received
MN22AU714 Auger 1276801 505648 405 360 -90 13 Assays received
MN22AU715 Auger 1276800 505701 408 360 -90 12 Assays received
MN22AU716 Auger 1275803 505750 412 360 -90 10 Assays received
MN22AU717 Auger 1276802 505899 428 360 -90 11 Assays received
MN22AU718 Auger 1276801 505942 427 360 -90 7 Assays received
MN22AU719 Auger 1276800 505995 429 360 -90 10 Assays received
MN22AU720 Auger 1276802 506049 422 360 -90 9 Assays received
MN22AU721 Auger 1276799 506097 425 360 -90 9 Assays received
MN22AU722 Auger 1276800 506148 427 360 -90 9 Assays received
MN22AU723 Auger 1276803 506200 429 360 -90 10 Assays received
MN22AU724 Auger 1276802 506252 430 360 -90 11 Assays received
MN22AU725 Auger 1276805 506298 432 360 -90 16 Assays received
MN22AU726 Auger 1276894 506306 435 360 -90 9 Assays received
MN22AU727 Auger 1276900 506255 418 360 -90 5 Assays received
MN22AU728 Auger 1276905 506201 423 360 -90 11 Assays received
MN22AU729 Auger 1276904 506151 422 360 -90 11 Assays received
MN22AU730 Auger 1276901 506103 421 360 -90 9 Assays received
MN22AU731 Auger 1276902 506005 421 360 -90 9 Assays received
MN22AU732 Auger 1276902 506005 421 360 -90 11 Assays received
MN22AU733 Auger 1276900 505947 433 360 -90 9 Assays received
MN22AU734 Auger 1276901 505898 429 360 -90 6 Assays received

Page 19 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MN22AU735 Auger 1276902 505846 422 360 -90 7 Assays received
MN22AU736 Auger 1276903 505798 421 360 -90 10 Assays received
MN22AU737 Auger 1276897 505746 418 360 -90 9 Assays received
MN22AU738 Auger 1276901 505702 399 360 -90 13 Assays received
MN22AU739 Auger 1276902 505648 398 360 -90 13 Assays received
MN22AU740 Auger 1276905 505598 397 360 -90 13 Assays received
MN22AU741 Auger 1277003 505747 404 360 -90 7 Assays received
MN22AU742 Auger 1277003 505799 422 360 -90 6 Assays received
MN22AU743 Auger 1277004 505845 424 360 -90 7 Assays received
MN22AU744 Auger 1277002 505894 428 360 -90 7 Assays received
MN22AU745 Auger 1277002 505949 434 360 -90 7 Assays received
MN22AU746 Auger 1276998 505600 410 360 -90 11 Assays received
MN22AU747 Auger 1277000 505650 404 360 -90 14 Assays received
MN22AU748 Auger 1277000 505704 408 360 -90 9 Assays received
MN22AU749 Auger 1277001 505998 433 360 -90 13 Assays received
MN22AU750 Auger 1277005 506049 435 360 -90 13 Assays received
MN22AU751 Auger 1276998 506099 435 360 -90 17 Assays received
MN22AU752 Auger 1277002 506151 443 360 -90 14 Assays received
MN22AU753 Auger 1277001 506196 436 360 -90 13 Assays received
MN22AU754 Auger 1277013 506241 425 360 -90 11 Assays received
MN22AU755 Auger 1277104 506100 423 360 -90 17 Assays received
MN22AU756 Auger 1277099 506148 426 360 -90 13 Assays received
MN22AU757 Auger 1277105 506195 431 360 -90 12 Assays received
MN22AU758 Auger 1277107 506248 424 360 -90 10 Assays received
MN22AU759 Auger 1277100 506298 422 360 -90 9 Assays received
MN22AU760 Auger 1277102 506048 428 360 -90 13 Assays received
MN22AU761 Auger 1277101 505998 470 360 -90 13 Assays received
MN22AU762 Auger 1277101 505947 443 360 -90 7 Assays received
MN22AU763 Auger 1277098 505896 432 360 -90 7 Assays received
MN22AU764 Auger 1277100 505606 405 360 -90 9 Assays received
MN22AU765 Auger 1277098 505650 408 360 -90 13 Assays received
MN22AU766 Auger 1277102 505698 420 360 -90 12 Assays received
MN22AU767 Auger 1277100 505750 420 360 -90 8 Assays received
MN22AU768 Auger 1277103 505801 416 360 -90 9 Assays received
MN22AU769 Auger 1277104 505847 419 360 -90 10 Assays received
MN22AU770 Auger 1277204 505949 417 360 -90 5 Assays received
MN22AU771 Auger 1277204 505895 418 360 -90 8 Assays received
MN22AU772 Auger 1277201 505849 409 360 -90 11 Assays received
MN22AU773 Auger 1277205 505598 408 360 -90 12 Assays received
MN22AU774 Auger 1277204 505649 406 360 -90 12 Assays received
MN22AU775 Auger 1277205 505697 406 360 -90 11 Assays received
MN22AU776 Auger 1277208 505751 409 360 -90 7 Assays received
MN22AU777 Auger 1277207 505799 415 360 -90 10 Assays received
MN22AU778 Auger 1277203 505996 428 360 -90 13 Assays received
MN22AU779 Auger 1277206 506049 429 360 -90 9 Assays received
MN22AU780 Auger 1277203 506099 426 360 -90 8 Assays received
MN22AU781 Auger 1277202 506147 425 360 -90 11 Assays received
MN22AU782 Auger 1277204 506200 408 360 -90 11 Assays received
MN22AU783 Auger 1277204 506252 409 360 -90 9 Assays received
MN22AU784 Auger 1277202 506297 409 360 -90 9 Assays received
MN22AU785 Auger 1277298 506297 401 360 -90 5 Assays received
MN22AU786 Auger 1277307 506246 407 360 -90 7 Assays received
MN22AU787 Auger 1277305 506197 407 360 -90 12 Assays received
MN22AU788 Auger 1277306 506148 409 360 -90 8 Assays received
MN22AU789 Auger 1277306 506094 417 360 -90 9 Assays received
MN22AU790 Auger 1277306 506048 418 360 -90 7 Assays received
MN22AU791 Auger 1277300 506006 420 360 -90 8 Assays received

Page 20 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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MN22AU792 Auger 1277307 505945 404 360 -90 5 Assays received
MN22AU793 Auger 1277302 505905 405 360 -90 5 Assays received
MN22AU794 Auger 1277302 505848 411 360 -90 9 Assays received
MN22AU795 Auger 1277304 505599 402 360 -90 12 Assays received
MN22AU796 Auger 1277304 505649 395 360 -90 13 Assays received
MN22AU797 Auger 1277309 505696 402 360 -90 13 Assays received
MN22AU798 Auger 1277301 505744 408 360 -90 9 Assays received
MN22AU799 Auger 1277307 505798 411 360 -90 10 Assays received

Page 21 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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APPENDIX 2 – JORC Code (2012 Edition), Assessment and Reporting Criteria

Section 1: Sampling Techniques and Data

Criteria 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.		 The sampling described in this report
refers to auger drill samples.
The 2kg samples were collected from
composite samples across the lithology
of the hole ending in a saprolite sample
beneath lateritic surficial materials. The
samples were submitted for fire assay
gold analysis at the SGS laboratory in
Bamako, Mali.
Drilling
techniques		 •
Drill type (eg core, reverse circulation, open-hole hammer,
rotary air blast, auger, Bangka, sonic, etc) and details
(egcore 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). _		 The drilling was carried out by Sahara
Natural Resources using a 4WD-mou-
nted auger rig

Page 22 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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Criteria Explanation Commentary
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.		 Sample recovery is not assessed for
power
auger
drilling
as
it
is
a
geochemical method.
In general, however, recoveries were
good because the hole has to be cleared
by the screw-type rods in order for the
drill rods to advance downwards.
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.		 None of these samples will be used in a
Mineral
Resource
estimation.
Nonetheless, all auger holes will be
geologically logged in a qualitative
fashion.
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.		 Each 1 m interval in the composite
interval was subsampled using a scoop.
The sample is considered sufficiently
representative of the drilled material in a
geochemical drilling program.
Quality of assay
data
and
laboratory tests		 •
The nature, quality and appropriateness of the assaying and
laboratory procedures used and whether the technique is
considered partial or total.
•
For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in determining the
analysis including instrument make and model, reading
times, calibrations 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.		 The analytical method used was an SGS
fire assay method with a 5ppb Au
detection limit which is appropriate for a
geochemical drilling program.
Standard
reference
materials
and
duplicates were included in the analytical
stream by both the company and the
laboratory.
Comparison of the measured value of
the standard and the accepted value
provides a clear measure of laboratory
performance.
Analysis
of
duplicates
provides
a
measure
of
repeatability,
but
this
approach is less reliable when coarse
gold ispresent in the samples.
Verification
of
sampling
and
assaying		 •
The verification of significant intersections by either
independent or alternative company personnel.
•
The use of twinned holes.
•
Documentation of primary data, data entry procedures,
data verification, data storage (physical and electronic)
protocols.
•
Discuss any adjustment to assay data.		 Hole twinning is not normally practised
with auger drilling.
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.		 Drill collars were initially located on the
ground using handheld GPS receivers.
Accuracy expected is ±3m.
Geological mapping of trenches, mine
workings and other locations was also
done at an accuracy of ±3m.
DGPS pick up of all drill collars will be
carried out on completion of individual
drilling programs to locate drill holes to
±1m or better accuracy.

Page 23 of 26

Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

==> picture [165 x 50] intentionally omitted <==

Criteria Explanation Commentary
In the current project, the relevant grid
system is UTM WGS84 Zone 29 Northern
Hemisphere.
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.		 Auger holes were located on a 50m x
100m grid.
This type of drilling is not appropriate for
the calculation of any Mineral Resource
estimate.
A one metre uncomposited end of hole
sample was taken for each auger hole.
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.		 Orientation of drill traverses at this early
stage of exploration is considered
satisfactory. When the structural controls
on mineralization becomes clear, hole
orientations may be changed.
Sample security •
The measures taken to ensure sample security.		 Drill samples are returned to the
Company compound in Alahiné village
every evening.
One security guard is always on duty at
the compound.
Audits or reviews •
The results of any audits or reviews of sampling techniques
and data.		 There has been no external audit or
review of the Company’s techniques or
data for Phase 2.
Review of sampling techniques used in
Phase1
drilling
by
the
Company’s
independent
Geologist
found
the
sampling procedures to be satisfactory.

Page 24 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

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Section 2: Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral tenement and land tenure
status		 •
Type, reference name/number, location
and ownership including agreements or
material issues with third parties such
as joint ventures, partnerships,
overriding royalties, native title
interests, historical sites, wilderness or
national park and environmental
settings.
•
The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a licence to
operate in the area.		 Exploration Licence No. 22694
(Mansala Project), comprises a total
land area of 48.2 km2located
adjacent to Saourou village within
Siguiri prefecture, Guinea. The
licence will expire on 2 October 2022.
Exploration done by other parties •
Acknowledgment and appraisal of
exploration by other parties.		 The details of previous exploration
and results were summarised as
Annexure B – Independent
Geologist’s Report, pages 106-293 – in
the Polymetals Prospectus and can
be found on the website;
https://www.polymetals.com/site/Op
erations/reports.
Geology •
Deposit type, geological setting and style
of mineralisation.		 Primary target is Birimian/Siguiri-style
regolith-hosted oxide gold and
supergene mineralisation.
Drill hole Information •
A summary of all information material
to the understanding of the exploration
results including a tabulation of the
following information for all Material
drill holes:
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.		 Appropriate locality maps for the
planned holes also accompanies this
announcement.
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		 No weighted average or truncation
methods will be used for the auger
results.

Page 25 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

ASX Announcement

==> picture [165 x 50] intentionally omitted <==

Criteria JORC Code explanation Commentary
examples of such aggregations should
be shown in detail.
•
The assumptions used for any reporting
of metal equivalent values should be
clearly stated.
Relationship between 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 cannot be estimated for
the auger drill results as the
orientation of the underlying
weathered rocks is not known.
Diagrams •
Appropriate maps and sections (with
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These should
include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional views.		 Appropriate maps are included within
this report.
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 avoiding misleading
reporting of Exploration Results.		 The accompanying document is
considered to represent a balanced
report.
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.		 There are no other exploration data
which is considered material to the
results reported in the
announcement.
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.		 Results of the auger program will be
assessed and subsequent exploratory
testing will be planned.
Airborne magnetic survey underway
and will be communicated once
interpretation is completed.
Infill soil sampling program clearly
communicated within this release,

Page 26 of 26 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

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