PRODIGY GOLD NL — Capital/Financing Update 2017

Dec 18, 2017

ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABU

19 December 2017

Significant Progress Results from Suplejack RC Drilling

HIGHLIGHTS

1,608 metres of RC drilling into four targets on our 100% owned Suplejack Project:

• Eight out of ten holes intersected strong mineralisation
• Multiple structures intersected in several holes
• Results of four of ten holes drilled have been returned and are reported
• Seuss Fault
  • 2.5m1 @ 11.7g/t gold and 4m @ 26.6g/t gold (SSRC100044)
  • 13m @ 7.3g/t gold including 7m @ 12.7g/t gold (SSRC100047)
• Tethys Seuss Intersection
  • 5m @ 8.5g/t gold (SSRC100045)
  • 12m @ 2.6g/t gold (SSRC100046)
• Hyperion South
  • Strike length of mineralisation drilled has increased to over 600m
• Results for six holes into the remaining two targets are expected within the next two weeks

ABM Resources ("ABM" or "Company") is pleased to advise results from RC drilling for two of the four targets drilled at the Suplejack Project in the Tanami Region of the Northern Territory.

ABM's Managing Director, Matt Briggs, said:

"Eight out of the ten holes drilled intersected strong mineralisation. The shoots on the Seuss Fault produce remarkable intersections at higher grades than previously seen at Suplejack. The Project continues to grow as RC drilling is expanding into the areas highlighted by recent aircore drilling. Mineralisation is now extending hundreds of metres beyond the previous Resource and is continuing to deliver great results."

"Drilling at Hyperion South has now increased the strike length of mineralisation intersected to over 600m. The Seuss Fault has been RC drilled along 350m of a total of 1.3km of anomalous gold defined this year by aircore drilling."

"We will complete the next Suplejack Resource update during the first Quarter of 2018 which will include these results and result from the previous successful RC program. Drilling will resume at Suplejack and the Capstan project once the wet season breaks."

Hole ID	From (m)	Downhole Width (m)	Interval Width (m)1	Grade (g/t gold)	Lode
SSRC100047	105	13	13	7.3	Seuss
SSRC100046	145	12	12	2.6	Tethys
SSRC100045	120	5	5	8.5	Tethys
	52	4	2.5	11.7	Seuss
SSRC100044	87	7	4	26.6	Tethys HW / Seuss
	107	5	5	1.3	Tethys

Table 1: Suplejack Project Progress Results Highlights

1 Estimated true width (4m downhole – 2.5m true width)

Background

The Hyperion-Tethys Prospect is situated within the emerging camp-scale Suplejack Project on exploration license EL9250 (Figure 1). The area has historically received sporadic exploration with many prospective targets yet to be tested with bedrock drilling. Shallow historic drilling often ended in the depleted oxide zone and failed to effectively test the area.

Drilling identified the Seuss Fault in December 2016 with the first diamond result of 13m @ 5.6g/t gold (ASX announcement 7 December 2016). Subsequent RC drilling confirmed continuity of the structure with key intersections that include 5m @ 60.9g/t, 6m @ 19.4g/t, 3m @19.9g/t and 7m @ 4.7g/t gold (ASX announcement 23 June 2017).

Aircore drilling in July 2017 identified potential extensions to the Seuss mineralisation with best result of 1m @ 1.8g/t gold intersected in aircore to the south of the Seuss RC program (ASX announcement 13 September 2017).

The Company is systematically growing the shallow Resources at Suplejack by extending the known structures and identifying additional high grade shoots. The Resource, last updated in February 2017, is 4.51 million tonnes at 2.1 g/t Au for 309,900 ounces of gold above a 0.8 g/t cut-off (ASX announcement 20 February 2017)

Figure 1. Suplejack RC program drilling locations (*estimated true width)

Figure 3. Tethys Structure Cross Section 614230mE with recent results (black highlights)

Results

Results for four holes of ten RC holes drilled during November 2017 have been returned. These holes were aiming to test the interpreted shoots on the Seuss Fault, the Tethys Structure and the Tethys Seuss Fault intersection. All targets were successfully intersected with strong mineralisation (quartz breccia and arsenopyrite) observed in these four holes (Table 2):

• Seuss Fault (Figure 2)
  • 2.5m @ 11.7g/t and 4m @ 26.6g/t gold (SSRC100044)
  • 13m @ 7.3g/t gold including 7m @ 12.7g/t (SSRC100047)
• Tethys Seuss Intersection (Figure 3)
  • 5m @ 8.5g/t gold (SSRC100045)
  • 12m @ 2.6g/t gold including 5m@4.7g/t (SSRC100046)

Seuss Fault - SSRC100047 intersected the targeted shoot within mafic sediment. This result confirms the interpreted plunge of mineralisation over 350 metres. The shoot is open down plunge to the south (Figure 2).

Tethys Fault – Two holes were drilled to confirm the position of the Tethys Structure to the East of Seuss. These holes have returned intersections of 12m @ 2.6g/t from 145m including 5m @ 4.7g/t from 150m (SSRC100046) and 5m @ 8.5g/t from 120m (SSRC100046). This was previously thought to have been tested by RC drilling. Previously drilled holes TYRC100038 and TYRC100039 were drilled too far south and failed to intersect the structure (Figure 3). These new results demonstrate that the Tethys structure is open to the East.

Tethys Fault intersection – SSRC100044 has confirmed the intersection of the Seuss Fault and Tethys Structure yields high grade mineralisation as previously intersected. Two zones of mineralisation were intersected shallow in the hole; 2.5m (4m downhole) @ 11.7g/t from 52m and 4m (7m downhole) @ 26.6g/t gold from 87m. These results are adjacent a result of 5m @ 60.9g/t, and up plunge of results of 3m @ 19.9g/t and 6m @ 19.4 intersected in the last RC program (ASX announcement 23 June 2017). This high grade plunge has been RC and diamond drilled for 300m and is open at depth (Figure2).

Additionally four holes were drilled at Hyperion South and two holes at Hyperion West. The holes drilled to the East of Hyperion South have increased the strike length drilled to over 600m with strong mineralisation including quartz breccia, alteration, arsenopyrite and elevated XRF results typical of mineralisation seen at Seuss and Hyperion. Drilling at Hyperion West intersected narrow zones of structure and veining. Assay results for these remaining two targets are expected to be reported within the next two weeks.

Hole ID	From(m)	DownholeWidth (m)	Interval Width(m)	Grade (g/t gold)	Lode
	58	8	8	1.1	Seuss HW
SSRC100047	87	4	4	1.2	Seuss HW
	105	13	13	7.3
including	110	7	7	12.7	Seuss
SSRC100046	145	12	12	2.6
including	150	5	54.7		Tethys
	86	3	3	1.9	Tethys HW
SSRC100045	120	5	5	8.5	Tethys
	52	4	2.5	11.7	Seuss
	68	2	1	4.4	Halo
SSRC100044	87	7	4	26.6	TethysHW/Seuss
	107	5	5	1.3	Tethys
HSRC100048	125	6		Quartz breccia and arsenopyrite - Awaiting Results

Table 2: Suplejack Project Progress Drill Intercepts and Observations

Hole ID	From(m)	DownholeWidth (m)	Interval WidthGrade (g/t gold)(m)		Lode
HSRC100049	175	10	Quartz breccia and arsenopyrite - Awaiting Results	Hyperion South
HSRC100050	52	8	Quartz veining and arsenopyrite - Awaiting Results	Hyperion South
HSRC100051	124	5		Quartz breccia and arsenopyrite - Awaiting Results
HYRC100052	46	2	Pyrite - Awaiting Results	Hyperion West
HYRC100053	94	1		Pyrite - Awaiting Results	Hyperion West

All intercepts calculated with a 0.5g/t gold cut-off, minimum intercept of 1 metre and maximum 2 metres of internal waste unless strong geological continuity is demonstrated

Matt Briggs - Managing Director

About ABM Resources

ABM is an established gold exploration company with a successful track record of discovery in one of Australia's premier gold mining districts. The Company owns gold resources and extensive prospective land holdings in the Central Desert region of the Northern Territory. The Company leadership hasimplemented a strategy of aggressive cost management initiatives and is developing a disciplined, tightly focused exploration strategy. Activities are currently focused on the Company's under-explored 21,000km2 Tanami Project area2 and includes:

• Systematic evaluation of high potential early stage targets
• Drilling of advanced prospects on the Suplejack Project
• Assessment of existing resources and
• Exploring opportunities for joint ventures and divestment of early stage targets

Competent Person's Statement

The information in this announcement relating to exploration targets and exploration results are based on information reviewed and checked by Mr Matt Briggs who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Briggs is a full time employee of ABM Resources NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves". Mr Briggs consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears. ABM Resource NL confirms that it is not aware of any new information or data that materially affects the information included in the market announcement and that all material assumptions and technical parameters underpinning the estimates included

Associated Announcements

07/12/2016	Exploration Update Suplejack Drilling Results
20/02/2017	Suplejack 53% Increase in Resource to 309,900 Ounces of Gold
23/06/2017	Final Results - Suplejack RC and Homestead Diamond Drilling
13/09/2017	Suplejack Reconnaissance Aircore Drilling Results
20/11/2017	RC Drilling has Commenced at the Suplejack Project
29/11/2017	Managing Director's Presentation to Shareholders

in referenced previous market announcements continue to apply and have not materially changed.

2 Area managed by ABM excluding the Lake Mackay JV and North Arunta Projects

APPENDIX 1 SUPLEJACK DRILL HOLE COORDINATES

Hole ID	Prospect	Hole Type	Total Depth (m)	East1	North1	RL (m)	Dip	Azimuth2
SSRC100044	Seuss	RC	180	614161	7836459	411	-60	48
SSRC100045	Seuss	RC	156	614230	7836449	420	-61	357
SSRC100046	Seuss	RC	210	614232	7836399	415	-62	353
SSRC100047	Seuss	RC	138	614213	7836299	407	-60	286
HYRC100052	Hyperion	RC	102	612585	7836976	419	-60	356
HYRC100053	Hyperion	RC	120	612322	7837115	416	-60	355
HSRC100048	Hyperion	RC	156	613944	7836136	411	-58	357
HSRC100049	Hyperion	RC	198	613944	7836091	411	-60	354
HSRC100050	Hyperion	RC	150	614011	7836033	411	-59	355
HSRC100051	Hyperion	RC	198	613712	7836222	413	-61	313

1 GDA 94 Zone 52

2 Magnetic

APPENDIX 2 SUPLEJACK RC JORC TABLES

SECTION 1: SAMPLING TECHNIQUES AND DATA

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (e.g. cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to theminerals under investigation, such as down holegamma sondes, or handheld XRF instruments, etc).These examples should not be taken as limiting thebroad meaning of sampling.	ABM has used a dedicated reverse circulation (RC) rig. RC drillingtechniques are used to obtain 1m samples of the entire downholelength. RC samples are logged geologically and all samplessubmitted for assay. 10 RC holes for 1,608 metres were drilled inthis reported programme.
	Include reference to measures taken to ensuresample representivity and the appropriatecalibration of any measurement tools or systemsused	The full length of each hole was sampled. Sampling was carriedout under ABM's protocols and QAQC procedures as per industrybest practice. Bag sequence is checked regularly by field staff andsupervising geologist against a dedicated sample register. Seefurther details below.
	Aspects of the determination of mineralisation thatare Material to the Public Report. In cases where'industry standard' work has been done this wouldbe relatively simple (e.g. 'reverse circulation drillingwas used to obtain 1 m samples from which 3 kgwas pulverised to produce a 30 g charge for fireassay'). In other cases more explanation may berequired, such as where there is coarse gold thathas inherent sampling problems. Unusualcommodities or mineralisation types (e.g.submarine nodules) may warrant disclosure ofdetailed information	RC samples were taken using a 12.5:1 Sandvik static cone splittermounted under a polyurethane cyclone to obtain 1m samples.Approximately 3kg samples were submitted to the lab. At the endof hole (EOH) an additional 1 m 2-3 kg spear sample was collectedfor multi-element analysis.ABM samples were submitted to a contract laboratory forcrushing and pulverising to produce a 40 g charge for Fire Assaywith AAS finish.
Drilling techniques	Drill type (e.g. core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc)and details (e.g. core diameter, triple or standardtube, depth of diamond tails, face-sampling bit orother type, whether core is oriented and if so, bywhat method, etc).	RC drilling was undertaken with a Schramm 450. This rig has adepth capability of approximately 500m, using a 350psi, 900cfmSullair compressor and auxiliary booster. Holes were drilled witha 5 3/4" diameter bit.

Criteria	JORC Code explanation	Commentary
Drill sample recovery	Method of recording and assessing core and chipsample recoveries and results assessed	Size of the sample was monitored at the drill site by theresponsible geologist to ensure adequate recovery. Norelationship between sample recovery and grade is apparent.Recoveries from drilling were generally 90%-100%, thoughoccasional near surface samples have recoveries of 50%.
	Measures taken to maximise sample recovery andensure representative nature of the samples	Drillers used appropriate measures to generate consistent samplevolumes.The cyclone and buckets were cleaned every 30 m or after wetsamples to minimise potential for contamination.
	Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	With recoveries over 90% sample bias is unlikely due topreferential loss/gain of fine/coarse material occurring. Samplerecovery does not impact identification of anomalism andconsequently no detailed analysis has been undertaken todetermine a relationship between grade and recovery for thisprogramme.
Logging	Whether core and chip samples have beengeologically and geotechnically logged to a level ofdetail to support appropriate Mineral Resourceestimation, mining studies and metallurgicalstudies.	ABM drilling samples were geologically logged at the drill rig by ageologist using a laptop with Maxwell Logchief data capturesystem. Data on lithology, weathering, alteration, ore mineralcontent and style of mineralisation, and quartz content and styleof quartz were collected.
	Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc)photography.	Logging is qualitative in nature and records interpreted lithology,mineralogy, mineralisation, weathering, colour and otherfeatures of the samples. Samples are wet‐sieved and stored in achip tray.
	The total length and percentage of the relevantintersections logged	All holes were logged in full by ABM geologists.
Sub-samplingtechniques andsample preparation	If core, whether cut or sawn and whether quarter,half or all core taken.	No core was collected.
	If non-core, whether riffled, tube sampled, rotarysplit, etc and whether sampled wet or dry.	1 metres RC samples were split with a 12.5:1 Sandvik static conesplitter mounted under a polyurethane cyclone. All intervals weresampled dry. At the end of hole (EOH) an additional 1 m 2-3 kgspear sample was collected.
	For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.	All samples have been analysed for gold by Bureau Veritas inAdelaide. Samples were dried and the whole sample pulverised to85% passing 75 µm, and a sub sample of approximately 200g isretained for Fire Assay which is considered appropriate for thematerial and mineralisation and is industry standard for this typeof sample.
	Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.	Field duplicates were taken every 20 samples. Standards andblanks were inserted every 20 samples. At the laboratory, regularrepeat and Lab Check samples are assayed.
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for fieldduplicate/second-half sampling.	Samples were split using a rig mounted Sandvic static conesplitter, which was checked to be level for each hole. Sampleweights were monitored to ensure consistent sample collection.Field duplicates are collected every 20 samples.
	Whether sample sizes are appropriate to the grainsize of the material being sampled.	Sample sizes are considered appropriate to give an indication ofmineralisation given the particle size and preference to keep thesample weight below 3 kg to ensure the requisite grind size in aLM5 sample mill.
Quality of assay dataand laboratory tests	The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial ortotal.	ABM use a lead collection fire assay using a 40g sample charge.For expected mineralisation, ABM use a lead collection fire assay,read by ICP-AAS (atomic absorption spectroscopy), with a lowerdetection limit of 0.01ppm Au and an upper limit of 1,000ppm Au.
	For geophysical tools, spectrometers, handheld XRFinstruments, etc, the parameters used indetermining the analysis including instrumentmake and model, reading times, calibrationsfactors applied and their derivation, etc.	Olympus DELTA handheld XRF was used on all downhole samples.Calibration of the hand‐held XRF tools is applied at start up. XRFresults are only used for indicative analysis of litho-geochemistryand alteration and to aid logging and subsequent interpretation.4 acid digest data is also used to assist in litho-geochemicaldetermination.

Criteria	JORC Code explanation	Commentary
	Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy(i.e. lack of bias) and precision have beenestablished.	A blank or standard was inserted approximately every 20 samples.For drill samples, blank material was supplied by the assayinglaboratory. Two certified standards, acquired from GeoStats Pty.Ltd., with different gold grade and lithology were also used. QAQCresults are reviewed on a batch by batch basis and at thecompletion of the programme.
Verification ofsampling andassaying	The verification of significant intersections by eitherindependent or alternative company personnel.	Significant intersections were calculated independently by boththe Project Geologist and database administrator.
	The use of twinned holes.	The drilling being reported is exploratory in nature. As such, noneof the holes have been twinned in the current program. Whereresults warrant, follow-up drilling will be completed.
	Documentation of primary data, data entryprocedures, data verification, data storage(physical and electronic) protocols.	Primary data was collected into an Excel spreadsheet and thedrilling data was imported in the Maxwell Data Schema (MDS)version 4.5.1. The interface to the MDS used is DataShed version4.5 and SQL 2008 R2 (the MDS is compatible with SQL 2008-2012– most recent industry versions used). This interface integrateswith LogChief and QAQCReporter 2.2, as the primary choice ofdata capture and assay quality control software. DataShed is asystem that captures data and metadata from various sources,storing the information to preserve the value of the data andincreasing the value through integration with GIS systems.Security is set through both SQL and the DataShed configurationsoftware. ABM has one sole Database Administrator and anexternal contractor with expertise in programming and SQLdatabase administration. Access to the database by thegeoscience staff is controlled through security groups where theycan export and import data with the interface providing full audittrails. Assay data is provided in MaxGEO format from thelaboratories and imported by the Database Administrator. Thedatabase assay management system records all metadata withinthe MDS and this interface provides full audit trails to meetindustry best practice.
	Discuss any adjustment to assay data.	No transformations or alterations are made to assay data storedin the database. The lab's primary Au field is the one used forplotting and Resource purposes. No averaging is employed. Assaydata below the detection limit were adjusted to equal half of thedetection limit value.
Location of datapoints	Accuracy and quality of surveys used to locatedrillholes (collar and down-hole surveys), trenches,mine workings and other locations used in MineralResource estimation.	Hole collars were surveyed with a handheld GPS pre- and postdrilling. Handheld GPS reading accuracy is improved by the device'waypoint averaging' mode, which takes continuous readings ofup to 5 minutes and improves accuracy.Down hole surveys that recorded dip and azimuth have beencompleted in all drill holes using a downhole gyro tool on a singleshot mode. Surveys are taken every 30m and at the end of holeposition.
	Specification of the grid system used.	The grid system used is MGA_GDA94, Zone 52.
	Quality and adequacy of topographic control.	For holes surveyed by handheld GPS the Z rl has been updatedbased off the 30m SRTM data and recorded in the database.
Data spacing anddistribution	Data spacing for reporting of Exploration Results.	Drill spacing is on a nominal 80m x 40m grid.
	Whether the data spacing and distribution issufficient to establish the degree of geological andgrade continuity appropriate for the MineralResource and Ore Reserve estimation procedure(s)and classifications applied.	Sample spacing, incorporating previous ABM RC drilling, issufficient to provide geological and/or grade continuity.
	Whether sample compositing has been applied.	No sample compositing is applied.
Orientation of datain relation togeological structure	Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering thedeposit type.	The orientation of the drill lines was designed to intersectmineralised structures as orthogonally as possible. The dominantdrill azimuth was 360 degrees azimuth which is approximatelyperpendicular to the targeted stratigraphic. The drill angle wasswitched to 270 degrees azimuth targeting the Seuss structuredirectly underneath outcrop. As this is early stage drilling theorientation of the drilling to mineralisation is not known.

Criteria	JORC Code explanation	Commentary
	If the relationship between the drilling orientationand the orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	No orientation based sampling bias has been identified in thisdata.
Sample security	The measures taken to ensure sample security.	Samples were transported from the rig to the field camp by ABMpersonnel, where they were loaded onto a Toll Express truck andtaken to Bureau Veritas Laboratories secure preparation facility inAdelaide. ABM personnel have no contact with the samples oncethey have been picked up for transport. Tracking sheets have beenset up to track the progress of the samples. The preparationfacilities use the laboratory's standard chain of custodyprocedure. Details regarding sample security of drilling prior to2010 are not readily available.
Audits or reviews	The results of any audits or reviews of samplingtechniques and data.	ABM conducted a Lab Visit to Bureau Veritas laboratory facilitiesin Adelaide in August 2017 and found no faults. QA/QC review oflaboratory results shows that ABM Resources sampling protocolsand procedures were generally effective.

SECTION 2: REPORTING OF EXPLORATION RESULTS

Criteria	JORC Code explanation	Commentary
Mineral tenementand land tenurestatus	Type, reference name/number, location andownership including agreements or material issueswith third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.	Suplejack prospects are located on EL 9250 in the NorthernTerritory. The tenement is wholly owned by ABM, and subjectto the 'Granites' agreement between ABM and the TraditionalOwners via Central Land Council (CLC). The Exploration Leasetransferred to ABM in December 2009.
	The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area.	The tenement is in good standing with the NT DPIR.
Exploration done byother parties	Acknowledgment and appraisal of exploration byother parties.	The target area was first recognised in this district by surfacegeochemistry and shallow lines of RAB drilling in the late 1990sby Otter Gold NL. North Flinders, Normandy NFM andNewmont Asia Pacific subsequently all conducted exploratorywork on the project with the last recorded drilling (prior toABM) completed in 2005. Previous exploration work providedthe foundation on which ABM based its exploration strategy.
Geology	Deposit type, geological setting and style ofmineralisation.	Geology at Suplejack consists of a NS trending and steeplydipping mafic stratigraphic package with interbeddedsedimentary rocks (siltstones and shale). Mineralisation iscontrolled by WNW striking faults at a high angle to theprimary stratigraphic layering and the Suplejack Shear.Granite dykes have intruded up the WNW structures with boththe basalt and granite sequences hosting mineralised quartzveins. Mineralisation is disseminated in nature with somecoarse gold observed.
Drill holeInformation	A summary of all information material to theunderstanding of the exploration results includinga tabulation of the following information for allMaterial drill holes:easting and northing of the drill holecollarelevation or RL (Reduced Level –elevation above sea level in metres) ofthe drill hole collardip and azimuth of the holedown hole length and interception depthhole length.	Summaries of all material drill holes are available within theCompany's ASX releases.
	If the exclusion of this information is justified onthe basis that the information is not Material andthis exclusion does not detract from theunderstanding of the report, the CompetentPerson should clearly explain why this is the case	Material information at the time of publishing is included.Program results are incomplete however progress results arereported due to the market sensitive content.

Criteria	JORC Code explanation	Commentary
Data aggregationmethods	In reporting Exploration Results, weightingaveraging techniques, maximum and/or minimumgrade truncations (e.g. cutting of high grades) andcut-off grades are usually Material and should bestated.	ABM does not use weighted averaging techniques or gradetruncations for reporting of exploration results.All reported assays have been length weighted with a nominal0.5 g/t gold lower cut-off. No upper cut-offs have been applied.
	Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shown indetail.	Summaries of all material drill holes and approach to intersectiongeneration are available within the Company's ASX releases. Thisis typically using a 0.5g/t gold cut-off, minimum intercept of 1metre and maximum 2 metres of internal waste unless stronggeological continuity is demonstrated1
	The assumptions used for any reporting of metalequivalent values should be clearly stated.	No metal equivalent values are used.
Relationshipbetweenmineralisationwidths and interceptlengths	These relationships are particularly important inthe reporting of Exploration Results.If the geometry of the mineralisation with respectto the drill hole angle is known, its nature shouldbe reported.If it is not known and only the down hole lengthsare reported, there should be a clear statement tothis effect (e.g. 'down hole length, true width notknown').	From surface mapping and previous drilling in the district, hostlithologies and mineralisation are most commonly steeplydipping (between 60 and 80 degrees). Where sufficient outcropexists to inform planning, drill holes are angled so as to drill asclose to perpendicular to mineralisation as possible. Downholewidths, and estimates of true widths where significantlydifferent, are reported.
Diagrams	Appropriate maps and sections (with scales) andtabulations of intercepts should be included forany significant discovery being reported Theseshould include, but not be limited to a plan view ofdrill hole collar locations and appropriate sectionalviews.	Refer to Figures and Tables in the body of the text.
Balanced reporting	Where comprehensive reporting of all ExplorationResults is not practicable, representative reportingof both low and high grades and/or widths shouldbe practiced to avoid misleading reporting ofExploration Results.	All exploration results have been reported.
Other substantiveexploration 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 andmethod of treatment; metallurgical test results;bulk density, groundwater, geotechnical and rockcharacteristics; potential deleterious orcontaminating substances.	Multi-element geochemistry and spectral logging studies havebeen completed on the deposit. These are used to influence theinterpretation of the regolith profile and host rock lithology.
Further work	The nature and scale of planned further work (e.g.tests for lateral extensions or depth extensions orlarge-scale step-out drilling).Diagrams clearly highlighting the areas of possibleextensions, including the main geologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive	Furtherworkwouldincludeimprovedgeologicalunderstanding to confirm continuity of mineralisation andcould be used as a basis to target extensions of the Resourceas it is currently open at depth and in several strike directions.An update to the Resource is planned in Quarter 1 2018 alongwith further RC drilling aiming to control to grow Resources atthe Suplejack Project during 2018.

	Tonnes	Grade	Ounces	Tonnes	Grade	Ounces	Tonnes	Grade	Ounces
Area	Million t	Aug/t	Oz	Million t	Au g/t	Oz	Milliont	Au g/t	Oz
		Indicated			Inferred			Total
				Oxide
Hyperion-Tethys	0.04	1.70	2,300	0.21	3.01	20,500	0.25	2.79	22,800
Seuss				0.17	2.48	13,600	0.17	2.48	13,600
Hyperion South				0.03	1.19	1,300	0.03	1.19	1,300
Total	0.04	1.7	2,300	0.42	2.65	35,400	0.46	2.56	37,700
				Transitional
Hyperion-Tethys	0.30	1.69	16,400	0.78	2.16	54,200	1.08	2.03	70,600
Seuss				0.14	2.78	12,800	0.14	2.78	12,800
Hyperion South				0.09	1.31	3,800	0.09	1.31	3,800
Total	0.30	1.69	16,400	1.00	2.17	70,800	1.32	2.06	87,200
				Fresh
Hyperion-Tethys	0.59	2.72	51,600	1.59	1.69	86,100	2.18	1.97	137,600
Seuss				0.31	3.07	30,900	0.31	3.07	30,900
Hyperion South				0.25	2.07	16,400	0.25	2.07	16,400
Total	0.59	2.72	51,600	2.15	1.93	133,400	2.74	2.10	184,900
				Deposit Total
Hyperion-Tethys	0.93	2.34	70,200	2.58	1.94	160,800	3.51	2.04	231,000
Seuss				0.63	2.85	57,300	0.63	2.85	57,300
Hyperion South				0.37	1.80	21,500	0.37	1.80	21,500
Total	0.93	2.34	70,200	3.58	2.08	239,600	4.51	2.14	309,900

APPENDIX 3 SUPLEJACK PROJECT - MINERAL RESOURCE ESTIMATE - FEBRUARY 2017

Table 1 – Suplejack Project Area reported above 0.8g/t cut-off and above the 230mRL. Resources may not sum to equal totals due to rounding