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POLYMETALS RESOURCES LTD Capital/Financing Update 2022

Feb 10, 2022

65598_rns_2022-02-10_d69b83aa-0c26-415d-8765-19aa5ce09fba.pdf

Capital/Financing Update

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ASX Announcement

11 February 2022

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DRILLING UPDATE ALAHINÉ GOLD PROJECT, GUINEA

KEY HIGHLIGHTS

  • 604 holes totalling 7,372m of shallow auger drilling has been completed to date at the Alahiné Gold Project of a planned 10,000m program.

  • Initial results from auger program confirm the mineralised trend identified by Phase 2 drilling, in addition to providing follow-up Phase 3 targets.

  • Alahiné composite samples from the auger drilling collected beneath the lateritic cover have peak grades of 3.58 g/t Au and 0.93 g/t Au which is encouraging for bedrock gold potential.

  • Airborne magnetics survey scheduled for March to define additional targets on both Alahiné and Mansala Projects.

Polymetals Resources Ltd (ASX: POL , “ Polymetals ” or the “ Company ”) is pleased to provide an update of the ongoing auger drilling program being carried out at the Company’s Alahiné Gold Project ( Alahiné ) in Guinea, West Africa.

ALAHINÉ AUGER PROGRAM

Since commencement of the Alahiné auger drilling on 22 November 2021[1] , Polymetals has drilled a total of 7,372m comprising 604 holes. The Alahiné program was focussed on targeting previously undrilled prospects which display >100ppb gold in soil anomalies, in addition to testing the near surface high-grade supergene gold anomalies generated by the Phase 2 drilling program.

Auger drilling is a rapid and cost-effective exploration method for the collection of bedrock samples below the transported cover. The Company notes the successful use of auger drilling to identify gold mineralisation, with a recent case study being that of one of its peers, Predictive Discovery (ASX: PDI), which has now delineated a multi-million-ounce gold discovery at its Bankan Project, also in the Siguiri Basin.

Polymetals’ drill program is being undertaken by Sahara Natural Resources and the samples are being assayed at the SGS laboratory in Bamako, Mali. Plan views of the reported holes are

1 Refer to ASX release dated 22 November 2021 “Auger Drilling Commences at Alahiné in Siguiri Basin, Guinea” Page 1 of 33 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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provided in Figures 1, 3-6. Details of all the holes including significant assay results are provided in Table 1, included within Appendix 1.

Polymetals Resources CEO, Alex Hanly said,

“Polymetals has continued the great momentum of 2021 with a suite of geological work scheduled for the coming year across both our Alahiné and Mansala Gold Projects as we lay the foundations for a significant gold discovery.

The team is hard at work in the field, ensuring we position the Company for exploration success in what is becoming arguably one of the best regions globally for greenfields gold discovery. The next few months will provide a consistent stream of news flow and results for our Siguiri Basin licences. We will announce further details of the upcoming Mansala drilling program and the final results from the Alahiné auger program shortly.”

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Figure 1: Alahiné auger program (Insets A, B, C and D are detailed in Figures 3, 4, 5 and 6 respectively.)

Page 2 of 33 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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Alahiné Undrilled Prospects

Ten priority targets, adjacent to >100ppb gold in soil anomalies and nearby artisanal workings were selected for testing within this program.

Of the 604 auger holes drilled to date, 406 were completed on a 50 x 100m grid to test previously undrilled anomalies. Assays have been received for 276 holes of these holes with the balance of assays expected shortly. 143 auger holes now remain to be drilled at Alahiné.

Saprolite composite samples (typically 4m) collected beneath the lateritic cover have peak grades of 3.58 g/t Au and 0.93 g/t Au. This provides significant encouragement for bedrock gold potential.

The results to date have successfully identified new gold anomalies below the transported cover and highlight the potential for a parallel trend within the SE quadrant of the Alahiné Licence, see Figure 3.

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Figure 2: Polymetals auger drilling amongst extensive artisanal workings.

Page 3 of 33 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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Figure 4: INSET C - Auger program plan view

Page 4 of 33 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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Figure 3: INSET D - Auger program plan view

ASX: POL

ASX Announcement

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Alahiné Near Surface Investigation

The near surface high grade mineralisation identified within Phase 2 was followed up by targeting gold intercepts AH21ARC096 (1m @ 34.2 g/t Au from 18m)[2] , AH21ARC057 (8m @ 5.26 g/t Au from surface)[3] and AH21ARC125 (3m @ 6.81 g/t Au from 7m)[2] .198 holes completed on a 20m x 20m grid to test these high grade zones.

Composite samples (typically 2 to 4m) collected within the lateritic cover had peak grades of 4.33 g/t Au, 1.02 g/t Au, 10.95 g/t Au and 2.66 g/t Au. See insets A and B, illustrated in Figures 5 and 6 respectively. The results confirmed that the high-grade mineralisation, albeit encouraging presents discontinuously within the lateritic gravels.

Further confirmation of the well-defined NNE trending soil gold response identified within the Phase 2 program was present in the saprolite composite samples as shown in insets A and B of Figures 5 and 6.

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Figure 5: INSET A - Auger program plan view (Yellow panels – Auger results this release, Blue panels – previously released results.)

2 Refer to ASX release dated 20 October 2021 “Additional Positive Results From Phase 2 Drilling Program” 3 Refer to ASX release dated 31 August 2021 “First Results From Phase 2 Drilling Program”

Page 5 of 33 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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Figure 6: INSET B - Auger program plan view (Yellow panels – Auger results this release, Blue panels – previously released results.)

Page 6 of 33 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

Further preparatory field work and laboratory studies will be carried out to confirm primary Au mineralisation targets within this well-endowed gold exploration licence. The Company is accelerating the exploration within the licence with a suite of geological testing over the coming months.

Airborne Magnetic Survey

An airborne magnetic survey is scheduled to commence late-March 2022 at the Alahiné and Mansala Gold Projects. Results will be used to refine existing drill targets in addition to generating new drill targets.

Alahiné Phase 3 RC drill program

A Phase 3 RC drill program at the Alahiné Gold Project is currently under development by the exploration team. The program will focus on the numerous targets generated at depth during the 7,300m Phase 2 drilling program and anomalous zones identified by the current auger program.

The Phase 3 program is scheduled to commence during late-April 2022.

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 Victoria Humphries
Chief Executive Officer Media & Investor Relations
[email protected] [email protected]
+61 (0) 448 418 725 +61 (0) 431 151 676

For more information, visit www.polymetals.com.

Page 7 of 33 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 7: Proximal gold deposits relative to Polymetals Exploration Licences.

Page 8 of 33 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: Alahiné Gold Project auger program significant mineralised intercepts from first batch of assays.

Hole ID From (m) To (m) Significant Gold Intersections
(Interval(m) @g/tgold)
AH21AU005 0 2 [email protected]/t Au
AH21AU007 2 4 2m @ 4.33g/t Au
AH21AU028 4 8 [email protected]/t Au
AH21AU043 2 4 2m @ 0.47g/t Au
AH21AU057 0 2 [email protected]/t Au
AH21AU075 0 2 2m @ 1.02g/t Au
AH21AU097 0 2 [email protected]/t Au
AH21AU099 0 2 2m @ 0.45g/t Au
AH21AU101 12 18 [email protected]/t Au
AH21AU103 0 2 2m @ 10.95g/t Au
16 20 [email protected]/t Au
AH21AU111 2 8 6m @ 0.36g/t Au
AH21AU120 0 2 [email protected]/t Au
AH21AU127 0 2 2m @ 2.66g/t Au
AH21AU132 0 2 [email protected]/t Au
AH21AU137 0 2 2m @ 0.55g/t Au
AH21AU145 0 2 [email protected]/t Au
AH21AU149 8 12 [email protected]/t Au
AH21AU171 4 8 [email protected]/t Au
AH21AU227 8 12 [email protected]/t Au
AH21AU258 0 2 [email protected]/t Au
AH21AU259 2 4 [email protected]/t Au
AH21AU302 4 8 4m @ 3.58g/t Au
AH21AU465 0 2 [email protected]/t Au

Notes:

  • Intercept cut-off grade is 0.25 g/t gold.

Table 2: Alahiné Gold Project auger drilling program details

Hole ID Method Northing
(UTM)
Easting
(UTM)
RL Azimuth Dip Depth Assay Status
(m) (degrees) (degrees) (m)
AH21AU001 Auger 1291541 506884 377.5 360 -90 9 Assays
received
AH21AU002 Auger 1291518 506889 377 360 -90 13 Assays
received
AH21AU003 Auger 1291498 506890 376 360 -90 9 Assays
received
AH21AU004 Auger 1291480 506893 375.5 360 -90 7 Assays
received
AH21AU005 Auger 1291501 506950 375 360 -90 5 Assays
received
AH21AU006 Auger 1291481 506911 375 360 -90 1 Assays
received
AH21AU007 Auger 1291481 506909 375 360 -90 7 Assays
received
AH21AU008 Auger 1291500 506910 376 360 -90 13 Assays
received
AH21AU009 Auger 1291500 506929 375.5 360 -90 5 Assays
received

Page 9 of 33 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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ASX Announcement

AH21AU010 Auger 1291523 506911 376.5 360 -90 7 Assays
received
AH21AU011 Auger 1291541 506911 377.5 360 -90 12 Assays
received
AH21AU012 Auger 1291544 506933 377.5 360 -90 9 Assays
received
AH21AU013 Auger 1291558 506933 378 360 -90 12 Assays
received
AH21AU014 Auger 1291561 506952 378 360 -90 12 Assays
received
AH21AU015 Auger 1291543 506956 376.5 360 -90 9 Assays
received
AH21AU016 Auger 1291522 506936 376 360 -90 7 Assays
received
AH21AU017 Auger 1290700 506247 395.5 360 -90 5 Assays
received
AH21AU018 Auger 1290701 506301 395 360 -90 12 Assays
received
AH21AU019 Auger 1290698 506349 394 360 -90 8 Assays
received
AH21AU020 Auger 1290699 506400 392.5 360 -90 10 Assays
received
AH21AU021 Auger 1290697 506451 390.5 360 -90 11 Assays
received
AH21AU022 Auger 1290697 506494 388.5 360 -90 12 Assays
received
AH21AU023 Auger 1290697 506551 387.5 360 -90 13 Assays
received
AH21AU024 Auger 1290798 506554 383.5 360 -90 10 Assays
received
AH21AU025 Auger 1290800 506506 385 360 -90 10 Assays
received
AH21AU026 Auger 1290801 506455 387 360 -90 8 Assays
received
AH21AU027 Auger 1290799 506399 389 360 -90 7 Assays
received
AH21AU028 Auger 1290798 506355 390 360 -90 8 Assays
received
AH21AU029 Auger 1290800 506301 390.5 360 -90 6 Assays
received
AH21AU030 Auger 1290801 506255 392 360 -90 6 Assays
received
AH21AU031 Auger 1290898 506553 382.5 360 -90 9 Assays
received
AH21AU032 Auger 1290897 506493 383.5 360 -90 9 Assays
received
AH21AU033 Auger 1290901 506455 385 360 -90 9 Assays
received
AH21AU034 Auger 1290896 506398 386 360 -90 12 Assays
received
AH21AU035 Auger 1290901 506352 387.5 360 -90 12 Assays
received
AH21AU036 Auger 1290904 506306 389 360 -90 12 Assays
received
AH21AU037 Auger 1290901 506254 390.5 360 -90 12 Assays
received
AH21AU038 Auger 1291199 506552 377.5 360 -90 9 Assays
received
AH21AU039 Auger 1291197 506499 380.5 360 -90 11 Assays
received

Page 10 of 33 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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ASX Announcement

AH21AU040 Auger 1291195 506454 383.5 360 -90 12 Assays
received
AH21AU041 Auger 1291199 506401 385.5 360 -90 15 Assays
received
AH21AU042 Auger 1291201 506352 387.5 360 -90 15 Assays
received
AH21AU043 Auger 1291199 506304 389.5 360 -90 16 Assays
received
AH21AU044 Auger 1291200 506248 392 360 -90 16 Assays
received
AH21AU045 Auger 1291104 506300 392.5 360 -90 16 Assays
received
AH21AU046 Auger 1291100 506350 391 360 -90 16 Assays
received
AH21AU047 Auger 1291103 506396 389 360 -90 10 Assays
received
AH21AU048 Auger 1290999 506243 392 360 -90 8 Assays
received
AH21AU049 Auger 1291001 506299 390 360 -90 8 Assays
received
AH21AU050 Auger 1291005 506352 389.5 360 -90 8 Assays
received
AH21AU051 Auger 1291101 506452 387.5 360 -90 12 Assays
received
AH21AU052 Auger 1291097 506505 386 360 -90 5 Assays
received
AH21AU053 Auger 1291096 506555 382.5 360 -90 12 Assays
received
AH21AU054 Auger 1291001 506554 382 360 -90 12 Assays
received
AH21AU055 Auger 1294076 507516 373 360 -90 19 Assays
received
AH21AU056 Auger 1294074 507500 372 360 -90 4 Assays
received
AH21AU057 Auger 1294055 507520 373 360 -90 21 Assays
received
AH21AU058 Auger 1294053 507500 372 360 -90 15 Assays
received
AH21AU059 Auger 1294052 507482 372.5 360 -90 15 Assays
received
AH21AU060 Auger 1294038 507522 372 360 -90 21 Assays
received
AH21AU061 Auger 1294033 507500 410 360 -90 23 Assays
received
AH21AU062 Auger 1294029 507480 410 360 -90 21 Assays
received
AH21AU063 Auger 1294077 507479 410 360 -90 15 Assays
received
AH21AU064 Auger 1294075 507460 410 360 -90 21 Assays
received
AH21AU065 Auger 1294055 507459 410 360 -90 6 Assays
received
AH21AU066 Auger 1294075 507444 408 360 -90 7 Assays
received
AH21AU067 Auger 1294053 507441 408 360 -90 16 Assays
received
AH21AU068 Auger 1294034 507443 409 360 -90 25 Assays
received
AH21AU069 Auger 1294032 507462 410 360 -90 5 Assays
received

Page 11 of 33 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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ASX Announcement

AH21AU070 Auger 1294015 507442 410 360 -90 15 Assays
received
AH21AU071 Auger 1293996 507431 410 360 -90 4 Assays
received
AH21AU072 Auger 1293957 507467 410 360 -90 15 Assays
received
AH21AU073 Auger 1293955 507476 410 360 -90 21 Assays
received
AH21AU074 Auger 1293959 507495 410 360 -90 21 Assays
received
AH21AU075 Auger 1293956 507519 410 360 -90 23 Assays
received
AH21AU076 Auger 1293955 507463 410 360 -90 14 Assays
received
AH21AU077 Auger 1293954 507445 410 360 -90 15 Assays
received
AH21AU078 Auger 1293976 507437 367 360 -90 5 Assays
received
AH21AU079 Auger 1294008 507460 367 360 -90 20 Assays
received
AH21AU080 Auger 1293996 507458 368 360 -90 17 Assays
received
AH21AU081 Auger 1293994 507478 368.5 360 -90 21 Assays
received
AH21AU082 Auger 1294008 507483 368.5 360 -90 22 Assays
received
AH21AU083 Auger 1294008 507502 369 360 -90 22 Assays
received
AH21AU084 Auger 1293995 507504 369 360 -90 16 Assays
received
AH21AU085 Auger 1293995 507521 369.5 360 -90 21 Assays
received
AH21AU086 Auger 1293976 507464 368 360 -90 21 Assays
received
AH21AU087 Auger 1294016 507518 370.5 360 -90 21 Assays
received
AH21AU088 Auger 1293975 507481 368.5 360 -90 17 Assays
received
AH21AU089 Auger 1293974 507505 369 360 -90 21 Assays
received
AH21AU090 Auger 1293973 507523 369.5 360 -90 21 Assays
received
AH21AU091 Auger 1293935 507523 369.5 360 -90 25 Assays
received
AH21AU092 Auger 1293937 507484 370 360 -90 23 Assays
received
AH21AU093 Auger 1293933 507462 370 360 -90 15 Assays
received
AH21AU094 Auger 1293919 507463 370 360 -90 15 Assays
received
AH21AU095 Auger 1293917 507481 370 360 -90 19 Assays
received
AH21AU096 Auger 1293935 507504 370 360 -90 19 Assays
received
AH21AU097 Auger 1293917 507502 370 360 -90 25 Assays
received
AH21AU098 Auger 1293917 507519 370 360 -90 20 Assays
received
AH21AU099 Auger 1293899 507517 370 360 -90 20 Assays
received

Page 12 of 33 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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ASX Announcement

AH21AU100 Auger 1293895 507497 370 360 -90 20 Assays
received
AH21AU101 Auger 1293892 507478 370 360 -90 18 Assays
received
AH21AU102 Auger 1293877 507483 370 360 -90 20 Assays
received
AH21AU103 Auger 1293874 507505 370 360 -90 20 Assays
received
AH21AU104 Auger 1293876 507522 370 360 -90 17 Assays
received
AH21AU105 Auger 1293857 507504 370 360 -90 19 Assays
received
AH21AU106 Auger 1293856 507524 370 360 -90 17 Assays
received
AH21AU107 Auger 1293835 507520 370 360 -90 19 Assays
received
AH21AU108 Auger 1293834 507497 370 360 -90 15 Assays
received
AH21AU109 Auger 1295569 508331 420 360 -90 15 Assays
received
AH21AU110 Auger 1295570 508354 420 360 -90 20 Assays
received
AH21AU111 Auger 1295571 508380 420 360 -90 20 Assays
received
AH21AU112 Auger 1295571 508398 420 360 -90 20 Assays
received
AH21AU113 Auger 1295569 508419 420 360 -90 20 Assays
received
AH21AU114 Auger 1295552 508413 420 360 -90 12 Assays
received
AH21AU115 Auger 1295551 508394 420 360 -90 12 Assays
received
AH21AU116 Auger 1295551 508373 420 360 -90 12 Assays
received
AH21AU117 Auger 1295552 508354 420 360 -90 12 Assays
received
AH21AU118 Auger 1295546 508338 420 360 -90 12 Assays
received
AH21AU119 Auger 1295531 508338 420 360 -90 12 Assays
received
AH21AU120 Auger 1295523 508362 420 360 -90 12 Assays
received
AH21AU121 Auger 1295524 508381 420 360 -90 12 Assays
received
AH21AU122 Auger 1295528 508401 420 360 -90 12 Assays
received
AH21AU123 Auger 1295530 508418 420 360 -90 12 Assays
received
AH21AU124 Auger 1295511 508336 420 360 -90 12 Assays
received
AH21AU125 Auger 1295510 508357 420 360 -90 12 Assays
received
AH21AU126 Auger 1295512 508375 420 360 -90 12 Assays
received
AH21AU127 Auger 1295510 508398 420 360 -90 12 Assays
received
AH21AU128 Auger 1295512 508417 420 360 -90 15 Assays
received
AH21AU129 Auger 1295493 508417 420 360 -90 12 Assays
received

Page 13 of 33 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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ASX Announcement

AH21AU130 Auger 1295491 508400 420 360 -90 12 Assays
received
AH21AU131 Auger 1295491 508382 420 360 -90 12 Assays
received
AH21AU132 Auger 1295492 508360 420 360 -90 12 Assays
received
AH21AU133 Auger 1295492 508340 420 360 -90 12 Assays
received
AH21AU134 Auger 1295473 508340 424 360 -90 12 Assays
received
AH21AU135 Auger 1295475 508356 423 360 -90 12 Assays
received
AH21AU136 Auger 1295474 508375 422.5 360 -90 12 Assays
received
AH21AU137 Auger 1295473 508396 422 360 -90 12 Assays
received
AH21AU138 Auger 1295451 508378 422.5 360 -90 12 Assays
received
AH21AU139 Auger 1295450 508370 422 360 -90 12 Assays
received
AH21AU140 Auger 1295472 508417 421 360 -90 12 Assays
received
AH21AU141 Auger 1295453 508421 421 360 -90 12 Assays
received
AH21AU142 Auger 1295452 508401 422 360 -90 12 Assays
received
AH21AU143 Auger 1295450 508359 423 360 -90 12 Assays
received
AH21AU144 Auger 1295450 508336 424 360 -90 12 Assays
received
AH21AU145 Auger 1295431 508336 424 360 -90 12 Assays
received
AH21AU146 Auger 1295428 508355 423 360 -90 12 Assays
received
AH21AU147 Auger 1295432 508375 422.5 360 -90 12 Assays
received
AH21AU148 Auger 1295410 508381 422.5 360 -90 12 Assays
received
AH21AU149 Auger 1295431 508397 422 360 -90 12 Assays
received
AH21AU150 Auger 1295429 508415 421 360 -90 12 Assays
received
AH21AU151 Auger 1295411 508417 421 360 -90 12 Assays
received
AH21AU152 Auger 1291897 508445 367 360 -90 11 Assays
received
AH21AU153 Auger 1291900 508502 370 360 -90 12 Assays
received
AH21AU154 Auger 1291898 508553 372 360 -90 12 Assays
received
AH21AU155 Auger 1291898 508604 373 360 -90 12 Assays
received
AH21AU156 Auger 1291898 508650 374 360 -90 12 Assays
received
AH21AU157 Auger 1291802 508450 364.5 360 -90 15 Assays
received
AH21AU158 Auger 1291801 508505 365 360 -90 12 Assays
received
AH21AU159 Auger 1295371 508414 421 360 -90 8 Assays
received

Page 14 of 33 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

==> picture [165 x 49] intentionally omitted <==

ASX Announcement

AH21AU160 Auger 1295372 508398 422 360 -90 8 Assays
received
AH21AU161 Auger 1295388 508399 422 360 -90 10 Assays
received
AH21AU162 Auger 1295390 508418 421 360 -90 12 Assays
received
AH21AU163 Auger 1295346 508398 422.5 360 -90 8 Assays
received
AH21AU164 Auger 1295353 508415 421 360 -90 8 Assays
received
AH21AU165 Auger 1295331 508411 421 360 -90 8 Assays
received
AH21AU166 Auger 1295331 508396 422.5 360 -90 8 Assays
received
AH21AU167 Auger 1295330 508354 425 360 -90 8 Assays
received
AH21AU168 Auger 1295328 508376 424 360 -90 12 Assays
received
AH21AU169 Auger 1295346 508380 424 360 -90 8 Assays
received
AH21AU170 Auger 1295346 508361 425 360 -90 8 Assays
received
AH21AU171 Auger 1295328 508335 426 360 -90 12 Assays
received
AH21AU172 Auger 1295347 508339 421 360 -90 8 Assays
received
AH21AU173 Auger 1295368 508357 424.5 360 -90 12 Assays
received
AH21AU174 Auger 1295387 508380 422.5 360 -90 12 Assays
received
AH21AU175 Auger 1295389 508359 424 360 -90 12 Assays
received
AH21AU176 Auger 1295408 508358 424 360 -90 12 Assays
received
AH21AU177 Auger 1295371 508378 422.5 360 -90 12 Assays
received
AH21AU178 Auger 1295369 508341 425.5 360 -90 14 Assays
received
AH21AU179 Auger 1295408 508342 424.5 360 -90 12 Assays
received
AH21AU180 Auger 1295385 508340 425 360 -90 12 Assays
received
AH21AU181 Auger 1295410 508402 422 360 -90 12 Assays
received
AH21AU182 Auger 1291797 508553 367 360 -90 12 Assays
received
AH21AU183 Auger 1291802 508602 368 360 -90 11 Assays
received
AH21AU184 Auger 1291800 508648 369.5 360 -90 9 Assays
received
AH21AU185 Auger 1291999 508450 367 360 -90 11 Assays
received
AH21AU186 Auger 1291997 508500 368 360 -90 12 Assays
received
AH21AU187 Auger 1292003 508547 370 360 -90 12 Assays
received
AH21AU188 Auger 1292002 508597 372 360 -90 12 Assays
received
AH21AU189 Auger 1292102 508455 369 360 -90 12 Assays
received

Page 15 of 33 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

==> picture [165 x 49] intentionally omitted <==

ASX Announcement

AH21AU190 Auger 1292104 508502 371 360 -90 12 Assays
received
AH21AU191 Auger 1292201 508452 370 360 -90 12 Assays
received
AH21AU192 Auger 1292205 508501 372 360 -90 12 Assays
received
AH21AU193 Auger 1292202 508553 374 360 -90 12 Assays
received
AH21AU194 Auger 1292202 508598 376 360 -90 12 Assays
received
AH21AU195 Auger 1292300 508446 369 360 -90 12 Assays
received
AH21AU196 Auger 1292300 508495 370.5 360 -90 12 Assays
received
AH21AU197 Auger 1292294 508545 373 360 -90 12 Assays
received
AH21AU198 Auger 1292299 508600 375 360 -90 12 Assays
received
AH21AU199 Auger 1292299 508650 378 360 -90 12 Assays
received
AH21AU200 Auger 1292302 508703 381 360 -90 12 Assays
received
AH21AU201 Auger 1292297 508750 382.5 360 -90 12 Assays
received
AH21AU202 Auger 1292300 508802 385 360 -90 12 Assays
received
AH21AU203 Auger 1292102 508601 373 360 -90 12 Assays
received
AH21AU204 Auger 1292100 508652 374.5 360 -90 12 Assays
received
AH21AU205 Auger 1292098 508699 376 360 -90 12 Assays
received
AH21AU206 Auger 1292199 508756 385 360 -90 12 Assays
received
AH21AU207 Auger 1292204 508652 379 360 -90 12 Assays
received
AH21AU208 Auger 1292203 508697 382.5 360 -90 12 Assays
received
AH21AU209 Auger 1292204 508800 384 360 -90 12 Assays
received
AH21AU210 Auger 1291901 508705 376 360 -90 12 Assays
received
AH21AU211 Auger 1292003 508658 373 360 -90 12 Assays
received
AH21AU212 Auger 1292001 508703 374 360 -90 12 Assays
received
AH21AU213 Auger 1291997 508750 376 360 -90 12 Assays
received
AH21AU214 Auger 1291896 508856 380 360 -90 12 Assays
received
AH21AU215 Auger 1291800 508803 376 360 -90 12 Assays
received
AH21AU216 Auger 1288953 507109 385 360 -90 12 Assays
received
AH21AU217 Auger 1288950 507152 385 360 -90 12 Assays
received
AH21AU218 Auger 1288952 507199 384 360 -90 12 Assays
received
AH21AU219 Auger 1288950 507250 382.5 360 -90 12 Assays
received

Page 16 of 33 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 49] intentionally omitted <==

AH21AU220 Auger 1288950 507302 382 360 -90 12 Assays
received
AH21AU221 Auger 1288949 507351 381 360 -90 11 Assays
received
AH21AU222 Auger 1288953 507405 380 360 -90 9 Assays
received
AH21AU223 Auger 1288952 507448 379 360 -90 10 Assays
received
AH21AU224 Auger 1288950 507501 378 360 -90 6 Assays
received
AH21AU225 Auger 1289049 507505 378 360 -90 12 Assays
received
AH21AU226 Auger 1289048 507458 380 360 -90 12 Assays
received
AH21AU227 Auger 1289253 507453 388 360 -90 12 Assays
received
AH21AU228 Auger 1289253 507500 386 360 -90 12 Assays
received
AH21AU229 Auger 1289053 507399 381 360 -90 14 Assays
received
AH21AU230 Auger 1289052 507350 382.5 360 -90 12 Assays
received
AH21AU231 Auger 1289051 507302 383 360 -90 12 Assays
received
AH21AU232 Auger 1289047 507251 385 360 -90 12 Assays
received
AH21AU233 Auger 1289048 507201 385 360 -90 12 Assays
received
AH21AU234 Auger 1289050 507154 385 360 -90 12 Assays
received
AH21AU235 Auger 1289049 507103 385 360 -90 12 Assays
received
AH21AU236 Auger 1289146 507104 389 360 -90 12 Assays
received
AH21AU237 Auger 1289150 507149 386 360 -90 12 Assays
received
AH21AU238 Auger 1289150 507194 387.5 360 -90 12 Assays
received
AH21AU239 Auger 1289153 507302 386 360 -90 12 Assays
received
AH21AU240 Auger 1289150 507347 384 360 -90 12 Assays
received
AH21AU241 Auger 1289150 507397 383 360 -90 12 Assays
received
AH21AU242 Auger 1289146 507449 382 360 -90 12 Assays
received
AH21AU243 Auger 1289148 507498 380 360 -90 12 Assays
received
AH21AU244 Auger 1289247 507104 391 360 -90 12 Assays
received
AH21AU245 Auger 1289248 507154 390 360 -90 12 Assays
received
AH21AU246 Auger 1289245 507253 390 360 -90 12 Assays
received
AH21AU247 Auger 1289249 507205 390 360 -90 12 Assays
received
AH21AU248 Auger 1289351 507147 395 360 -90 12 Assays
received
AH21AU249 Auger 1289449 507195 401 360 -90 12 Assays
received

Page 17 of 33 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 49] intentionally omitted <==

AH21AU250 Auger 1289449 507153 400 360 -90 12 Assays
received
AH21AU251 Auger 1289444 507109 387 360 -90 12 Assays
received
AH21AU252 Auger 1289145 507245 399 360 -90 12 Assays
received
AH21AU253 Auger 1289453 507498 399 360 -90 12 Assays
received
AH21AU254 Auger 1289447 507452 399 360 -90 12 Assays
received
AH21AU255 Auger 1289450 507403 399 360 -90 12 Assays
received
AH21AU256 Auger 1289450 507345 398 360 -90 12 Assays
received
AH21AU257 Auger 1289451 507299 402.5 360 -90 12 Assays
received
AH21AU258 Auger 1289640 507502 397 360 -90 5 Assays
received
AH21AU259 Auger 1289738 507501 396 360 -90 12 Assays
received
AH21AU260 Auger 1289732 507553 394 360 -90 12 Assays
received
AH21AU261 Auger 1289732 507605 393 360 -90 12 Assays
received
AH21AU262 Auger 1289834 507504 395 360 -90 12 Assays
received
AH21AU263 Auger 1289836 507553 394 360 -90 12 Assays
received
AH21AU264 Auger 1289838 507597 391 360 -90 12 Assays
received
AH21AU265 Auger 1289836 507700 384 360 -90 12 Assays
received
AH21AU266 Auger 1289932 507605 389 360 -90 5 Assays
received
AH21AU267 Auger 1289934 507656 388 360 -90 5 Assays
received
AH21AU268 Auger 1289935 507706 385.5 360 -90 8 Assays
received
AH21AU269 Auger 1289933 507755 385 360 -90 12 Assays
received
AH21AU270 Auger 1289734 507653 390 360 -90 12 Assays
received
AH21AU271 Auger 1289734 507904 380 360 -90 12 Assays
received
AH21AU272 Auger 1289630 507902 382.5 360 -90 12 Assays
received
AH21AU273 Auger 1289630 507851 385 360 -90 12 Assays
received
AH21AU274 Auger 1289632 507799 387.5 360 -90 12 Assays
received
AH21AU275 Auger 1289628 507754 390 360 -90 12 Assays
received
AH21AU276 Auger 1289638 507701 392 360 -90 12 Assays
received
AH21AU277 Auger 1289637 507654 393 360 -90 12 Assays
received
AH21AU278 Auger 1289735 507854 382.5 360 -90 12 Assays
received
AH21AU279 Auger 1289734 507803 385 360 -90 12 Assays
received

Page 18 of 33 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 49] intentionally omitted <==

AH21AU280 Auger 1289834 507902 379 360 -90 12 Assays
received
AH21AU281 Auger 1289837 507854 380 360 -90 12 Assays
received
AH21AU282 Auger 1289835 507803 382 360 -90 12 Assays
received
AH21AU283 Auger 1289836 507753 383 360 -90 14 Assays
received
AH21AU284 Auger 1289934 507804 384 360 -90 11 Assays
received
AH21AU285 Auger 1289932 507853 384 360 -90 12 Assays
received
AH21AU286 Auger 1289930 507903 384 360 -90 12 Assays
received
AH21AU287 Auger 1290035 507896 389 360 -90 9 Assays
received
AH21AU288 Auger 1290035 507849 389 360 -90 18 Assays
received
AH21AU289 Auger 1290035 507801 389 360 -90 19 Assays
received
AH21AU290 Auger 1290037 507745 389 360 -90 17 Assays
received
AH21AU291 Auger 1290035 507695 390 360 -90 17 Assays
received
AH21AU292 Auger 1290035 507644 391 360 -90 15 Assays
received
AH21AU293 Auger 1290038 507597 394 360 -90 12 Assays
received
AH21AU294 Auger 1290033 507498 396 360 -90 12 Assays
received
AH21AU295 Auger 1290033 507552 395 360 -90 12 Assays
received
AH21AU296 Auger 1290132 507503 402 360 -90 12 Assays
received
AH21AU297 Auger 1290135 507551 404 360 -90 12 Assays
received
AH21AU298 Auger 1290137 507595 400 360 -90 12 Assays
received
AH21AU299 Auger 1290136 507651 398 360 -90 12 Assays
received
AH21AU300 Auger 1290134 507698 394.5 360 -90 12 Assays
received
AH21AU301 Auger 1290135 507748 394 360 -90 12 Assays
received
AH21AU302 Auger 1290136 507796 394.5 360 -90 12 Assays
received
AH21AU303 Auger 1290133 507852 395 360 -90 12 Assays
received
AH21AU304 Auger 1290131 507900 395 360 -90 12 Assays
received
AH21AU305 Auger 1294549 504200 398 360 -90 12 Assays
received
AH21AU306 Auger 1294550 504150 398 360 -90 12 Assays
received
AH21AU307 Auger 1294548 504103 398 360 -90 12 Assays
received
AH21AU308 Auger 1294547 504055 400 360 -90 12 Assays
received
AH21AU309 Auger 1294550 504003 401 360 -90 12 Assays
received

Page 19 of 33 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

==> picture [165 x 49] intentionally omitted <==

ASX Announcement

AH21AU310 Auger 1294547 503953 402.5 360 -90 12 Assays
received
AH21AU311 Auger 1294551 503904 403 360 -90 12 Assays
received
AH21AU312 Auger 1294648 503906 406 360 -90 12 Assays
received
AH21AU313 Auger 1294646 503950 405 360 -90 12 Assays
received
AH21AU314 Auger 1294650 504002 404 360 -90 12 Assays
received
AH21AU315 Auger 1294650 504050 404 360 -90 12 Assays
received
AH21AU316 Auger 1294651 504094 402.5 360 -90 12 Assays
received
AH21AU317 Auger 1294650 504148 402 360 -90 12 Assays
received
AH21AU318 Auger 1294651 504200 400 360 -90 12 Assays
received
AH21AU319 Auger 1294746 504202 403 360 -90 12 Assays
received
AH21AU320 Auger 1294751 504153 404 360 -90 12 Assays
received
AH21AU321 Auger 1294750 504104 405 360 -90 12 Assays
received
AH21AU322 Auger 1294752 504053 405 360 -90 12 Assays
received
AH21AU323 Auger 1294753 504003 405 360 -90 12 Assays
received
AH21AU324 Auger 1294749 503950 405 360 -90 12 Assays
received
AH21AU325 Auger 1294757 503901 409 360 -90 12 Assays
received
AH21AU326 Auger 1294849 503901 403 360 -90 12 Assays
received
AH21AU327 Auger 1294846 503951 404 360 -90 12 Assays
received
AH21AU328 Auger 1294847 503999 405 360 -90 12 Assays
received
AH21AU329 Auger 1294853 504049 405 360 -90 12 Assays
received
AH21AU330 Auger 1294848 504101 405 360 -90 12 Assays
received
AH21AU331 Auger 1294849 504149 405 360 -90 12 Assays
received
AH21AU332 Auger 1294849 504203 404 360 -90 12 Assays
received
AH21AU333 Auger 1294945 504208 405 360 -90 12 Assays
received
AH21AU334 Auger 1294948 504154 405 360 -90 12 Assays
received
AH21AU335 Auger 1294948 504107 405 360 -90 12 Assays
received
AH21AU336 Auger 1294949 504052 405 360 -90 12 Assays
received
AH21AU337 Auger 1294950 504000 402 360 -90 12 Assays
received
AH21AU338 Auger 1294948 503950 401 360 -90 12 Assays
received
AH21AU339 Auger 1294949 503900 400 360 -90 12 Assays
received

Page 20 of 33 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 49] intentionally omitted <==

AH21AU340 Auger 1295050 503899 399 360 -90 12 Assays
received
AH21AU341 Auger 1295049 503955 400 360 -90 12 Assays
received
AH21AU342 Auger 1295054 504007 400 360 -90 12 Assays
received
AH21AU343 Auger 1295045 504057 400 360 -90 12 Assays
received
AH21AU344 Auger 1295048 504104 400 360 -90 12 Assays
received
AH21AU345 Auger 1295052 504157 400 360 -90 12 Assays
received
AH21AU346 Auger 1295050 504203 400 360 -90 12 Assays
received
AH21AU347 Auger 1295371 504790 384 360 -90 12 Assays
received
AH21AU348 Auger 1295374 504739 387 360 -90 16 Assays
received
AH21AU349 Auger 1295371 504692 387 360 -90 12 Assays
received
AH21AU350 Auger 1295366 504645 385 360 -90 12 Assays
received
AH21AU351 Auger 1295367 504600 384 360 -90 12 Assays
received
AH21AU352 Auger 1295271 504549 386 360 -90 6 Assays
received
AH21AU353 Auger 1295271 504592 389 360 -90 12 Assays
received
AH21AU354 Auger 1295270 504641 390 360 -90 12 Assays
received
AH21AU355 Auger 1295266 504691 390 360 -90 12 Assays
received
AH21AU356 Auger 1295270 504739 388 360 -90 12 Assays
received
AH21AU357 Auger 1295275 504790 386 360 -90 12 Assays
received
AH21AU358 Auger 1295369 504538 382 360 -90 10 Assays
received
AH21AU359 Auger 1295274 504491 387.5 360 -90 6 Assays
received
AH21AU360 Auger 1295372 504486 385 360 -90 9 Assays
received
AH21AU361 Auger 1295470 504497 385 360 -90 12 Assays
received
AH21AU362 Auger 1295467 504542 381 360 -90 12 Assays
received
AH21AU363 Auger 1295473 504589 379 360 -90 10 Assays
received
AH21AU364 Auger 1295570 504644 374 360 -90 10 Assays
received
AH21AU365 Auger 1295568 504591 374 360 -90 11 Assays
received
AH21AU366 Auger 1295671 504589 370 360 -90 12 Assays
received
AH21AU367 Auger 1295565 504540 377.5 360 -90 12 Assays
received
AH21AU368 Auger 1295562 504494 380 360 -90 12 Assays
received
AH21AU369 Auger 1295668 504494 370 360 -90 12 Assays
received

Page 21 of 33 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 49] intentionally omitted <==

AH21AU370 Auger 1295671 504538 370 360 -90 12 Assays
received
AH21AU371 Auger 1295665 504642 370 360 -90 12 Assays
received
AH21AU372 Auger 1295667 504696 370 360 -90 12 Assays
received
AH21AU373 Auger 1295567 504697 372.5 360 -90 12 Assays
received
AH21AU374 Auger 1295772 504489 370 360 -90 9 Assays
received
AH21AU375 Auger 1295767 504533 370 360 -90 6 Assays
received
AH21AU376 Auger 1295775 504591 370 360 -90 8 Assays
received
AH21AU377 Auger 1295770 504641 370 360 -90 12 Assays
received
AH21AU378 Auger 1295771 504691 370 360 -90 20 Assays
received
AH21AU379 Auger 1295671 504743 370 360 -90 16 Assays
received
AH21AU380 Auger 1295668 504795 370 360 -90 16 Assays
received
AH21AU381 Auger 1295570 504743 372.5 360 -90 5 Assays
received
AH21AU382 Auger 1295474 504733 380 360 -90 14 Assays
received
AH21AU383 Auger 1295471 504687 379 360 -90 12 Assays
received
AH21AU384 Auger 1295466 504643 379 360 -90 12 Assays
received
AH21AU385 Auger 1293699 502657 387.5 360 -90 13 Assays
received
AH21AU386 Auger 1293702 502706 389 360 -90 12 Assays
received
AH21AU387 Auger 1293700 502759 390 360 -90 15 Assays
received
AH21AU388 Auger 1293697 502806 390.5 360 -90 9 Assays
received
AH21AU389 Auger 1293701 502852 390 360 -90 12 Assays
received
AH21AU390 Auger 1293704 502906 390 360 -90 12 Assays
received
AH21AU391 Auger 1293704 502951 391 360 -90 12 Assays
received
AH21AU392 Auger 1293800 502954 395 360 -90 12 Assays
received
AH21AU393 Auger 1293799 502906 393 360 -90 12 Assays
received
AH21AU394 Auger 1293802 502857 391 360 -90 14 Assays
received
AH21AU395 Auger 1293789 502810 390 360 -90 12 Assays
received
AH21AU396 Auger 1293798 502760 390 360 -90 12 Assays
received
AH21AU397 Auger 1293800 502708 390 360 -90 12 Assays
received
AH21AU398 Auger 1293798 502663 390 360 -90 12 Assays
received
AH21AU399 Auger 1293900 502657 392.5 360 -90 12 Assays
received

Page 22 of 33 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

==> picture [165 x 49] intentionally omitted <==

ASX Announcement

AH21AU400 Auger 1293903 502711 392.5 360 -90 12 Assays
received
AH21AU401 Auger 1293903 502757 393 360 -90 12 Assays
received
AH21AU402 Auger 1293904 502805 393 360 -90 12 Assays
received
AH21AU403 Auger 1293901 502856 393 360 -90 12 Assays
received
AH21AU404 Auger 1293899 502907 394 360 -90 12 Assays
received
AH21AU405 Auger 1293904 502958 395 360 -90 12 Assays
received
AH21AU406 Auger 1294000 502961 399 360 -90 12 Assays
received
AH21AU407 Auger 1293999 502908 396 360 -90 12 Assays
received
AH21AU408 Auger 1294001 502862 396 360 -90 12 Assays
received
AH21AU409 Auger 1294001 502807 397 360 -90 12 Assays
received
AH21AU410 Auger 1293998 502758 397 360 -90 12 Assays
received
AH21AU411 Auger 1293865 507490 370 360 -90 12 Assays
received
AH21AU412 Auger 1293866 507499 370 360 -90 14 Assays
received
AH21AU413 Auger 1293870 507511 370 360 -90 12 Assays
received
AH21AU414 Auger 1293875 507507 370 360 -90 12 Assays
received
AH21AU415 Auger 1293876 507491 370 360 -90 14 Assays
received
AH21AU416 Auger 1293889 507493 370 360 -90 14 Assays
received
AH21AU417 Auger 1293887 507503 370 360 -90 8 Assays
received
AH21AU418 Auger 1293886 507508 370 360 -90 10 Assays
received
AH21AU419 Auger 1293943 507511 370 360 -90 12 Assays
received
AH21AU420 Auger 1293945 507521 370 360 -90 12 Assays
received
AH21AU421 Auger 1293947 507533 370 360 -90 12 Assays
received
AH21AU422 Auger 1293956 507527 370 360 -90 12 Assays
received
AH21AU423 Auger 1293957 507510 370 360 -90 14 Assays
received
AH21AU424 Auger 1293966 507515 370 360 -90 14 Assays
received
AH21AU425 Auger 1294102 502950 402.5 360 -90 12 Assays
received
AH21AU426 Auger 1294103 502902 401 360 -90 12 Assays
received
AH21AU427 Auger 1294100 502853 401 360 -90 12 Assays
received
AH21AU428 Auger 1294099 502806 400.5 360 -90 12 Assays
received
AH21AU429 Auger 1294099 502755 400 360 -90 12 Assays
received

Page 23 of 33 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

==> picture [165 x 49] intentionally omitted <==

ASX Announcement

AH21AU430 Auger 1294099 502706 400 360 -90 12 Assays
received
AH21AU431 Auger 1294102 502657 400 360 -90 12 Assays
received
AH21AU432 Auger 1294001 502708 395 360 -90 12 Assays
received
AH21AU433 Auger 1294002 502658 395 360 -90 12 Assays
received
AH21AU434 Auger 1294203 502662 402 360 -90 12 Assays
received
AH21AU435 Auger 1294200 502707 402.5 360 -90 12 Assays
received
AH21AU436 Auger 1293965 507521 370 360 -90 12 Assays
received
AH21AU437 Auger 1293966 507532 370 360 -90 12 Assays
received
AH21AU438 Auger 1295510 508409 420 360 -90 12 Assays
received
AH21AU439 Auger 1295517 508405 420 360 -90 12 Assays
received
AH21AU440 Auger 1295518 508396 420 360 -90 12 Assays
received
AH21AU441 Auger 1295520 508388 420 360 -90 12 Assays
received
AH21AU442 Auger 1295506 508386 420 360 -90 12 Assays
received
AH21AU443 Auger 1295500 508385 420 360 -90 12 Assays
received
AH21AU444 Auger 1295500 508396 420 360 -90 12 Assays
received
AH21AU445 Auger 1295500 508406 420 360 -90 12 Assays
received
AH21AU446 Auger 1294201 502755 403 360 -90 12 Assays
received
AH21AU447 Auger 1294205 502805 403.5 360 -90 12 Assays
received
AH21AU448 Auger 1294203 502854 404 360 -90 12 Assays
received
AH21AU449 Auger 1294201 502908 404.5 360 -90 12 Assays
received
AH21AU450 Auger 1294198 502959 405 360 -90 12 Assays
received
AH21AU451 Auger 1294296 506055 381 360 -90 12 Assays
received
AH21AU452 Auger 1294296 506008 379 360 -90 12 Assays
received
AH21AU453 Auger 1294294 505960 384 360 -90 12 Assays
received
AH21AU454 Auger 1294301 505906 388 360 -90 12 Assays
received
AH21AU455 Auger 1294301 505855 392 360 -90 12 Assays
received
AH21AU456 Auger 1290125 507808 394.5 360 -90 12 Assays
received
AH21AU457 Auger 1290124 507801 394.5 360 -90 12 Assays
received
AH21AU458 Auger 1290125 507793 394.5 360 -90 12 Assays
received
AH21AU459 Auger 1290137 507793 394.5 360 -90 12 Assays
received

Page 24 of 33 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]

==> picture [165 x 49] intentionally omitted <==

ASX Announcement

AH21AU460 Auger 1290148 507793 394.5 360 -90 12 Assays
received
AH21AU461 Auger 1290146 507803 394.5 360 -90 12 Assays
received
AH21AU462 Auger 1290143 507812 394.5 360 -90 12 Assays
received
AH21AU463 Auger 1290135 507814 394.5 360 -90 12 Assays
received
AH21AU464 Auger 1289727 507510 396 360 -90 12 Assays
received
AH21AU465 Auger 1289738 507512 396 360 -90 12 Assays
received
AH21AU466 Auger 1289747 507510 396 360 -90 12 Assays
received
AH21AU467 Auger 1289747 507502 396 360 -90 12 Assays
received
AH21AU468 Auger 1289745 507495 396 360 -90 12 Assays
received
AH21AU469 Auger 1289736 507492 396 360 -90 12 Assays
received
AH21AU470 Auger 1289727 507492 396 360 -90 12 Assays
received
AH21AU471 Auger 1289730 507502 396 360 -90 12 Assays
received
AH21AU472 Auger 1289355 507096 394 360 -90 12 Assays
received
AH21AU473 Auger 1294300 505758 392.5 360 -90 12 Assays
received
AH21AU474 Auger 1294303 505806 393 360 -90 12 Assays
received
AH21AU475 Auger 1294401 505755 396 360 -90 12 Assays awaited
AH21AU476 Auger 1294397 505809 396 360 -90 12 Assays awaited
AH21AU477 Auger 1294400 505853 396 360 -90 12 Assays awaited
AH21AU478 Auger 1294402 505910 395 360 -90 12 Assays awaited
AH21AU479 Auger 1294399 505960 390 360 -90 12 Assays awaited
AH21AU480 Auger 1294404 506017 386 360 -90 12 Assays awaited
AH21AU481 Auger 1294397 506056 388 360 -90 12 Assays awaited
AH21AU482 Auger 1294501 505754 399 360 -90 12 Assays awaited
AH21AU483 Auger 1294500 505808 399 360 -90 12 Assays awaited
AH21AU484 Auger 1294501 505861 400 360 -90 12 Assays awaited
AH21AU485 Auger 1294500 505912 400 360 -90 12 Assays awaited
AH21AU486 Auger 1294499 505961 400 360 -90 12 Assays awaited
AH21AU487 Auger 1294496 506005 397 360 -90 12 Assays awaited
AH21AU488 Auger 1294495 506059 395 360 -90 14 Assays awaited
AH21AU489 Auger 1294602 506061 397.5 360 -90 12 Assays awaited
AH21AU490 Auger 1294601 506006 399 360 -90 12 Assays awaited
AH21AU491 Auger 1294600 505955 400 360 -90 12 Assays awaited
AH21AU492 Auger 1294597 505906 400 360 -90 12 Assays awaited
AH21AU493 Auger 1294598 505854 400 360 -90 12 Assays awaited
AH21AU494 Auger 1294599 505806 400 360 -90 12 Assays awaited

Page 25 of 33 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 49] intentionally omitted <==

AH21AU495 Auger 1294597 505761 400 360 -90 12 Assays awaited
AH21AU496 Auger 1294699 505763 395 360 -90 12 Assays awaited
AH21AU497 Auger 1294698 505803 400 360 -90 12 Assays awaited
AH21AU498 Auger 1294703 505858 400 360 -90 12 Assays awaited
AH21AU499 Auger 1294704 505912 400 360 -90 14 Assays awaited
AH21AU500 Auger 1294703 505955 400 360 -90 14 Assays awaited
AH21AU501 Auger 1294703 506006 397.5 360 -90 11 Assays awaited
AH21AU502 Auger 1294702 506055 395 360 -90 14 Assays awaited
AH21AU503 Auger 1294798 506056 392 360 -90 12 Assays awaited
AH21AU504 Auger 1294798 506010 395 360 -90 12 Assays awaited
AH21AU505 Auger 1294795 505958 395 360 -90 12 Assays awaited
AH21AU506 Auger 1294797 505910 395 360 -90 12 Assays awaited
AH21AU507 Auger 1294798 505861 395 360 -90 12 Assays awaited
AH21AU508 Auger 1294799 505809 394 360 -90 12 Assays awaited
AH21AU509 Auger 1294804 505761 390 360 -90 14 Assays awaited
AH21AU510 Auger 1295903 507539 405 360 -90 14 Assays awaited
AH21AU511 Auger 1295901 507494 410 360 -90 14 Assays awaited
AH21AU512 Auger 1295897 507638 412 360 -90 12 Assays awaited
AH21AU513 Auger 1296003 507642 416 360 -90 14 Assays awaited
AH21AU514 Auger 1296001 507592 412.5 360 -90 16 Assays awaited
AH21AU515 Auger 1296000 507542 409 360 -90 16 Assays awaited
AH21AU516 Auger 1295999 507492 406.5 360 -90 16 Assays awaited
AH21AU517 Auger 1296001 507441 403 360 -90 16 Assays awaited
AH21AU518 Auger 1295999 507391 399 360 -90 16 Assays awaited
AH21AU519 Auger 1296104 507391 402.5 360 -90 16 Assays awaited
AH21AU520 Auger 1296103 507440 404 360 -90 16 Assays awaited
AH21AU521 Auger 1296104 507488 407.5 360 -90 16 Assays awaited
AH21AU522 Auger 1296102 507543 409.5 360 -90 16 Assays awaited
AH21AU523 Auger 1296099 507593 412.5 360 -90 16 Assays awaited
AH21AU524 Auger 1296101 507641 414.5 360 -90 16 Assays awaited
AH21AU525 Auger 1296197 507339 402 360 -90 16 Assays awaited
AH21AU526 Auger 1296203 507391 404 360 -90 16 Assays awaited
AH21AU527 Auger 1296202 507443 405 360 -90 16 Assays awaited
AH21AU528 Auger 1296202 507493 407 360 -90 12 Assays awaited
AH21AU529 Auger 1296201 507543 409 360 -90 16 Assays awaited
AH21AU530 Auger 1296199 507593 412.5 360 -90 16 Assays awaited
AH21AU531 Auger 1296201 507641 416 360 -90 16 Assays awaited
AH21AU532 Auger 1296296 507640 414 360 -90 16 Assays awaited
AH21AU533 Auger 1296302 507339 404 360 -90 16 Assays awaited
AH21AU534 Auger 1296302 507389 406 360 -90 16 Assays awaited

Page 26 of 33 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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AH21AU535 Auger 1296297 507443 407 360 -90 16 Assays awaited
AH21AU536 Auger 1296296 507493 408 360 -90 12 Assays awaited
AH21AU537 Auger 1296296 507538 409 360 -90 16 Assays awaited
AH21AU538 Auger 1296303 507591 411 360 -90 4 Assays awaited
AH21AU539 Auger 1296396 507635 413 360 -90 12 Assays awaited
AH21AU540 Auger 1296401 507535 411.5 360 -90 12 Assays awaited
AH21AU541 Auger 1296394 507541 412 360 -90 12 Assays awaited
AH21AU542 Auger 1296396 507492 412.5 360 -90 12 Assays awaited
AH21AU543 Auger 1296398 507440 413 360 -90 12 Assays awaited
AH21AU544 Auger 1296396 507391 412 360 -90 12 Assays awaited
AH21AU545 Auger 1296400 507340 409 360 -90 12 Assays awaited
AH21AU546 Auger 1296158 505751 371 360 -90 12 Assays awaited
AH21AU547 Auger 1296159 505705 370 360 -90 12 Assays awaited
AH21AU548 Auger 1296160 505654 368 360 -90 12 Assays awaited
AH21AU549 Auger 1296185 505605 367 360 -90 10 Assays awaited
AH21AU550 Auger 1296161 505547 365 360 -90 9 Assays awaited
AH21AU551 Auger 1296259 505509 367 360 -90 5 Assays awaited
AH21AU552 Auger 1296260 505551 365 360 -90 9 Assays awaited
AH21AU553 Auger 1296260 505606 366 360 -90 12 Assays awaited
AH21AU554 Auger 1296263 505651 370 360 -90 12 Assays awaited
AH21AU555 Auger 1296260 505703 371 360 -90 12 Assays awaited
AH21AU556 Auger 1296263 505747 373 360 -90 12 Assays awaited
AH21AU557 Auger 1296359 505551 370 360 -90 12 Assays awaited
AH21AU558 Auger 1296360 505453 370 360 -90 11 Assays awaited
AH21AU559 Auger 1296361 505501 370 360 -90 12 Assays awaited
AH21AU560 Auger 1296360 505602 370 360 -90 12 Assays awaited
AH21AU561 Auger 1296360 505651 374 360 -90 12 Assays awaited
AH21AU562 Auger 1296356 505700 376 360 -90 12 Assays awaited
AH21AU563 Auger 1296363 505747 374 360 -90 12 Assays awaited
AH21AU564 Auger 1296487 505454 367.5 360 -90 12 Assays awaited
AH21AU565 Auger 1296459 505502 368 360 -90 12 Assays awaited
AH21AU566 Auger 1296459 505554 369 360 -90 12 Assays awaited
AH21AU567 Auger 1296460 505604 372.5 360 -90 12 Assays awaited
AH21AU568 Auger 1296455 505654 375 360 -90 7 Assays awaited
AH21AU569 Auger 1296456 505707 376 360 -90 7 Assays awaited
AH21AU570 Auger 1296458 505751 377 360 -90 8 Assays awaited
AH21AU571 Auger 1296559 505743 377.5 360 -90 7 Assays awaited
AH21AU572 Auger 1296562 505699 376 360 -90 6 Assays awaited
AH21AU573 Auger 1296560 505655 375.5 360 -90 7 Assays awaited
AH21AU574 Auger 1296562 505603 374.5 360 -90 7 Assays awaited

Page 27 of 33 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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AH21AU575 Auger 1296558 505550 371 360 -90 7 Assays awaited
AH21AU576 Auger 1296562 505497 369 360 -90 6 Assays awaited
AH21AU577 Auger 1296563 505449 369 360 -90 8 Assays awaited
AH21AU578 Auger 1396660 505451 368 360 -90 10 Assays awaited
AH21AU579 Auger 1296661 505498 369 360 -90 7 Assays awaited
AH21AU580 Auger 1296659 505746 379 360 -90 6 Assays awaited
AH21AU581 Auger 1296662 505700 377 360 -90 6 Assays awaited
AH21AU582 Auger 1296660 505646 375 360 -90 7 Assays awaited
AH21AU583 Auger 1296662 505596 373 360 -90 6 Assays awaited
AH21AU584 Auger 1296659 505549 372 360 -90 7 Assays awaited
AH21AU585 Auger 1292102 508801 379 360 -90 9 Assays awaited
AH21AU586 Auger 1292102 508751 378 360 -90 8 Assays awaited
AH21AU587 Auger 1292003 508808 379 360 -90 9 Assays awaited
AH21AU588 Auger 1292002 508850 388 360 -90 11 Assays awaited
AH21AU589 Auger 1291801 508848 378 360 -90 11 Assays awaited
AH21AU590 Auger 1296204 505103 381 360 -90 10 Assays awaited
AH21AU591 Auger 1296199 505051 382 360 -90 11 Assays awaited
AH21AU592 Auger 1296201 505001 382 360 -90 10 Assays awaited
AH21AU593 Auger 1296201 504950 382 360 -90 11 Assays awaited
AH21AU594 Auger 1296200 504905 382 360 -90 10 Assays awaited
AH21AU595 Auger 1296199 504854 382 360 -90 10 Assays awaited
AH21AU596 Auger 1296203 504801 382 360 -90 7 Assays awaited
AH21AU597 Auger 1296203 504801 387 360 -90 10 Assays awaited
AH21AU598 Auger 1296302 504847 387 360 -90 10 Assays awaited
AH21AU599 Auger 1296301 504902 386 360 -90 12 Assays awaited
AH21AU600 Auger 1296303 504949 385.5 360 -90 9 Assays awaited
AH21AU601 Auger 1296299 505001 384 360 -90 11 Assays awaited
AH21AU602 Auger 1296298 505052 383 360 -90 10 Assays awaited
AH21AU603 Auger 1296302 505101 382 360 -90 12 Assays awaited
AH21AU604 Auger 1296402 505105 381 360 -90 12 Assays awaited

Page 28 of 33 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 using
a 4WD-mounted auger rig by Sahara
Natural Resources.

Page 29 of 33 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 are 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 will be an
SGS fire assay method with a 5ppb Au
detection limit which is appropriate for a
geochemical drilling program.
Standard
reference
materials
and
duplicates are 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 are initially located on the
ground using handheld GPS receivers.
Accuracy expected is ±3m.
Geological mapping of trenches, mine
workings and other locations is 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 30 of 33 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
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 20m
square grid surrounding previous near
surface results.
Auger holes throughout the undrilled
areas of the licence will be located on a
50m by 100m grid adjacent to >100pb Au
in soils.
This type of drilling is not appropriate for
the calculation of any Mineral Resource
estimate.
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 every
evening.
One security guard is on duty at the
compound at all times.
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 31 of 33 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. 22123
(Alahiné Project), comprising a total
land area of 64.21 km2located at
Alahiné village in Siguiri prefecture,
Guinea. The licence will expire on 10
April 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 32 of 33 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 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.

Page 33 of 33 Polymetals Resources Ltd | ACN 644 736 247 Suite 6, Level 5, 189 Kent Street, Sydney NSW 2000 www.polymetals.com | [email protected]