PTR MINERALS LTD — Investor Presentation 2023

Aug 13, 2023

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14 August 2023

Significant Project Expansion Defines New Copper-Gold Targets at Mabel Creek

Highlights

• Mabel Creek Project expands by 470 km[2] with the granting of the ‘Dean Bore’ (EL 6919) tenement, which is highly prospective for Iron-Oxide Copper-Gold (IOCG) mineralisation.

• Two large Exploration Licence Applications (ELA) registered, covering a total of 1,263km[2 ] over a newly identified prospective IOCG fertile zone.

• Evaluation of historical drill core from the BigNE Target confirms the presence of late iron rich alteration, which is consistent with the Olympic Province IOCG alteration.

• Gravity modelling of the BigNE target has defined two high-priority targets prospective for copper-gold.

• A precision ground gravity survey is planned for late August to assist with final modelling before drilling of at least three IOCG targets scheduled for early-mid October.

Petratherm Limited (ASX: PTR) ( PTR or the Company ) is pleased to announce a major expansion of its ground position at the Mabel Creek Project, located along the northern reaches of the Olympic Copper-Gold Province in South Australia. The Company has been granted the Dean Bore (EL 6919) tenement, which adds an additional 470km[2] at Mabel Creek, and also has registered two large ELA’s covering 1,263km[2] over a newly identified prospective Iron-Oxide Copper-Gold (IOCG) fertile zone (Figure 1).

PTR’s Chief Executive Officer, Peter Reid commented:

“The granting of the Dean Bore tenement further strengthens the Company’s ground position in the world class Olympic Province. Importantly, recently completed gravity modelling over the BigNE target has produced two high-priority targets that we anticipate drilling later this year.

“The two high-priority targets will be followed up with a precision ground gravity survey to assist with modelling before drill testing of the three most prospective targets in October.

“I look forward to updating the market further with results from the precision ground gravity survey in the lead up to drilling over the coming months.”

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New Ground Acquisition and Recognition of IOCG Alteration

The Dean Bore tenement provides an additional 470km[2] along PTR’s northern Mabel Creek tenement holding (Figure 1). Dean Bore contains the historic BigNE target, a regionally prominent, partly overlapping gravity and magnetic complex spanning a 7 kilometre by 4 kilometre area (Figure 2). The main gravity anomaly has an approximate 6 mGals amplitude, centred immediately east of the main magnetic high, which is a large amplitude (1,500nTs) linear anomaly.

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Figure 1 – Eastern Mabel Creek Project. Location of the BigNE and Olympus Targets on a magnetic image with respect to the Cadi Prospect and the Wirracanna Structure. Newly granted EL 6919 and tenement application areas EL2023/00028 & ELA2023/00029.

Limited historical drilling was completed across the BigNE target by Alliance Resources in the early 2000’s (Figure 2). This indicated that the area has been subjected to a mineralising iron-oxide (hematite) alteration event[1] . Drillholes ABNE 2 & BNE05/BNE05X intersected two intervals of relatively strong hematite development within altered meta-sediments (Figures 3 & 4). Anomalous copper assays were recorded up to 0.32% over short intervals within the iron rich alteration zones (see Table 1 of anomalous copper results and Figure 2 for map of hole locations).

1 SA Government Open File Envelope ENV 9762 & ENV 11416

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Re-evaluation of the ABNE 2 drill core by PTR staff and an independent IOCG specialist consultant confirmed the presence of iron-rich veins and pervasive iron-alteration, associated with brecciation and extension at a high crustal level. The hydrothermal alteration event is clearly younger than deformed host rocks. This is consistent with classic IOCG alteration in the Olympic Province.

A key additional finding is that the host sequences at BigNE comprise fine-grained laminated sedimentary rocks of probable Wallaroo Group equivalent strata that have not been previously recognised in the region. The Wallaroo Group is the host sequence to numerous IOCG mineralised occurrences in the Olympic Province such as at the Prominent Hill Mine, Emmie IOCG and Winjabbie Prospects. This observation and overprinting iron alteration demonstrates the eastern Mabel Creek Area has upper crustal levels present, which may be critical for the preservation of IOCG mineralisation in the area.

Geophysical interpretations undertaken by PTR suggest that east of the major Wirracanna Structure (Figure 1), more of these higher-level crustal rock sequences may be present. The Wirracanna Structure has been previously identified by PTR as having the potential to be a significant pathway for mineralising fluids. As a result PTR has registered two large exploration licence application areas (ELA 2023/00028 & ELA 2023/00029) over the newly identified prospective IOCG region (Figure 1). The total area of these new applications is 1,263 km[2] . PTR will undertake tenement wide gravity surveying upon grant of these leases, expected later in the year.

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BigNE Gravity
“Only” Target
Satellite
Gravity Target
EL 6919
EL 6405
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Figure 2 – BigNE and Southern Satellite Gravity Targets with high magnetic contours overlain. Note historical drilling has tested the combined magnetic and gravity responses on western half of the BigNE Target but not the gravity only target on the eastern side or satellite gravity body to the south.

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Gravity Targeting

Compilation and re-gridding of historical gravity data has been completed to assess and model the BigNE gravity feature and immediate surrounds more closely (Figure 2). Survey coverage is highly variable ranging from poor (> 2 kilometre spacing) to good (200 metre spacing) over the majority of the BigNE Prospect. The new gravity mesh highlights the extent of the BigNE gravity anomaly and an additional prominent southern satellite gravity anomaly (Figure 2) straddling PTR’s EL 6919 and EL 6405.

Historical drilling tested the combined magnetic and gravity targets on the western half of BigNE Prospect, with drillholes ABNE 2 and BNE05/BNE05X recording the strongest level of IOCG alteration. The main gravity target extends an approximate 2 kilometres further east where there is no significant magnetic response, and this area remains to be drill tested. Similarly, the southern satellite gravity anomaly is a gravity only feature and has not been drill tested.

IOCG style mineralisation, such as at Olympic Dam, Carrapateena, Prominent Hill and Oak Dam in the Olympic Domain of South Australia is hematite dominated with little to no magnetic response but produces a strong gravity anomaly response. These two untested “gravity only” anomalies at BigNE are therefore a high priority for future drill testing. Infill and regional gravity surveying is scheduled for late August to assist final modelling of the gravity anomalies and to undertake assessment of surrounding areas for new targets.

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Figure 3 – Zone of strong hematite IOCG style alteration (rust red colouration) in hole ABNE 2 (interval 417.9m – 426 m down hole, not true width).

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422.7m
haem +mag +qtz
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Figure 4 – Close up of ABNE 2 drill core at 422.7 metres down hole depth. Core has been replaced by massive hematite+magnetite+minor quartz alteration.

Future Drilling Operations

In May, PTR announced the Olympus Target[2] (Figure 5), a combined gravity and EM conductivity anomaly that extends over 2 kilometres and is located along the Wirracanna Structure, further to the southeast of the BigNE area gravity targets (Figure 1). Drill planning and contracting works are advanced, and PTR intends to mobilise a rig to test the Olympus Target and the two gravity only targets identified at BigNE starting from October. Further details will be provided once contracts and final approvals have been completed.

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Figure 5 – Olympus geophysical response. Coloured image is gravity data (1VD Bouguer) overlain by late time EM contours (X channel 32) showing the position of the conductive plate on the eastern flank of the gravity body, which plunges steeply back to the southwest.

2 PTR Announcement – 22 May 2023 – SQUID EM Survey – Significant Copper-Gold Target

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Table 1 – BigNE Prospect historical drillholes and anomalous copper geochemistry (>0.05%)

Hole ID	Prospect	From (metres)	To (metres)	Interval (metres)	Ag (ppm)	Cu (%)
ABNE 2	BigNE	476.0	478.0	2.0	0.5	0.05
ABNE 2	BigNE	482.0	490.0	8.0	1.1	0.07
inc		484.0	486.0	2.0	2.6	0.18
ABNE 2	BigNE	506.0	509.1	3.1	0.8	0.08
inc		508.0	509.1	1.1	1.0	0.13
BNE05/BNE05X	BigNE	382.7	383.4	0.7	1.3	0.05
BNE05/BNE05X	BigNE	385.4	386.0	0.6	1.3	0.10
BNE05/BNE05X	BigNE	388.0	389.3	1.3	0.5	0.05
BNE05/BNE05X	BigNE	395.6	396.7	1.1	5.2	0.32
BNE05/BNE05X	BigNE	490.0	490.5	0.5	2.1	0.24
BNE05/BNE05X	BigNE	565.7	566.4	0.7	0.9	0.09
ABNE 1	BigNE	IOCG Alteration - no significant assays
BNE03	BigNE	IOCG Alteration - no significant assays
BNE04	BigNE	IOCG Alteration - no significant assays

Table 2 – BigNE Historical Drill Collars (refer to Figure 2 for map of drill hole locations)

Hole ID	Prospect	Target	Easting (GDA 94 Z53)	Northing (GDA 94 Z53)	Collar Azimuth (Deg)	Collar Dip (Deg)	Elevation (AHD)	Hole Depth to Basement (metres)	Final Hole Depth (metres)
ABNE 1	BigNE	magnetic anomaly on periphery of broad gravity high	519880	6848773	0	90	130	417	477
ABNE 2	BigNE	magnetic anomaly on periphery of broad gravity high	520279	6847774	0	90	125	390	509
BNE03	BigNE	coincident magnetic and gravity anomaly	516923	6846897	0	90	145	342	375
BNE04	BigNE	coincident magnetic and gravity anomaly	516920	6846913	0	90	140	335	602
BNE05/BNE05X	BigNE	magnetic anomaly on periphery of broad gravity high	520290	6847775	0	90	125	364	1165

Notes for Tables 1 and 2

1. Down hole lengths reported, and the true width of intercepts is not known

2. Coordinates are in GDA 94 Z53

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ENDS

This announcement has been authorised for release on the ASX by the Company’s Board of Directors.

For further information: Media and Broker Contact Peter Reid Zander Beacham Chief Executive Officer White Noise Communications preid@petratherm.com.au zander@whitenoisecomms.com 0435 181 705 0433 515 723

Competent Persons Statement:

The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Peter Reid, who is a Competent Person, and a Member of the Australian Institute of Geoscientists. Mr Reid is not aware of any new information or data that materially affects the historical exploration results included in this report. Mr Reid is an employee of Petratherm Limited. Mr Reid 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’. Mr Reid consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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About Petratherm Limited

Petratherm Limited (ASX: PTR) is a critical minerals explorer focused on the discovery of world-class copper-gold and rare earth deposits. The Company has several advanced drill ready projects in the Olympic Copper-Gold Domain of South Australia. PTR recently announced the discovery of significant concentrations of rare earths hosted in clays in the Northern Gawler Craton of South Australia which are undergoing further drill testing.

Exploration drilling at the Comet Project Area has delineated two major REE occurrences. The Meteor and Artemis REE prospects both occur at very shallow depths, include high-grade blankets of mineralisation showing good lateral extent and ore thickness. Less than 10% of the project area has been explored for REE’s and a systematic program of advancement of current prospects, testing of new areas and metallurgical recovery test work is ongoing.

PTR has several exciting copper-gold targets at its Mabel Creek and Woomera Projects located within the Olympic Copper-Gold Tend. Targeting work has defined several compelling Tier 1 Copper-Gold targets and PTR anticipates drill testing of targets will begin from late in 2023 calendar period.

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PTR’s Project Locations in South Australia

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EL 6919 (Dean Bore)

Section 1 Sampling Techniques and Data

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

Criteria	JORC Code explanation	Commentary	Commentary
Sampling	• Nature and quality of sampling (eg cut channels,	•	Previous exploration work
techniques	random chips, or specific specialised industry standard measurement tools appropriate to the		includes 7 diamond drillholes which intersected
	minerals under investigation, such as down hole		basement. PD00WN0012
	gamma sondes, or handheld XRF instruments, etc).		was drilled by Goldstream
	These examples should not be taken as limiting the		Mining in 2000. BNW01/(A)
	broad meaning of sampling.		ABNE1, ABNE2, BNE03,
	• Include reference to measures taken to ensure		BNE04 and BNE05/(X),
	sample representivity and the appropriate calibration		Drilled by Alliance
	of any measurement tools or systems used.		Resources between 2003-
	• Aspects of the determination of mineralisation that are		2013.
	Material to the Public Report.	•	For Alliance drillholes. The
	• In cases where ‘industry standard’ work has been		core was marked for cutting
	done this would be relatively simple (eg ‘reverse		at 1-4 metre intervals in the
	circulation drilling was used to obtain 1 m samples		field based on geological
	from which 3 kg was pulverised to produce a 30 g		intervals depending on
	charge for fire assay’). In other cases more		visual examination.
	explanation may be required, such as where there is		Markings prepared for ¼
	coarse Au that has inherent sampling problems.		cut core for assay results.
	Unusual commodities or mineralisation types (eg		.
	submarine nodules) may warrant disclosure of detailed information.	•	Geochemical assays were completed by Interteck -
			Genalysis Laboratory in
			Adelaide
		•	The results in this Report
			relating to the BigNE
			Prospect are historical and
			as such additional details
			are unknown.
Drilling	• Drill type (eg core, reverse circulation, open-hole	•	Previous exploration work
techniques	hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube,		on EL 6919 includes 7 rotary mud / diamond tail
	depth of diamond tails, face-sampling bit or other		drillholes which intersected
	type, whether core is oriented and if so, by what		basement. PD00WN0012
	method, etc).		was drilled by Goldstream
			Mining In 2000. BNW01/(A)
			ABNE1, ABNE2, BNE03,
			BNE04 and BNE05/(X),
			Drilled by Alliance
			Resources between 2003-
			2013.
		•	Rotary mud pre-collars
			were drilled by Watson
			Drilling of Deniliquin at
			both Big North West and
			Big North East prospects
		•	Upon completion, the pre-
			collars were cased with
			Class 18 PVCpipe(6”),

Criteria	JORC Code explanation	Commentary	Commentary
			which was pressure
			cemented in at the bottom
			of each hole.
		•	At each prospect, the pre-
			collar holes drilled through
			the Bulldog Shale, Cadna-
			owie Formation and an
			unidentified black
			claystone sequence (most
			likely Mt Toodnina
			Formation).
		•	Diamond tails were drilled
			by Budd contract
			exploration and Underdale
			Drillers LTD, Using HQ
			and NQ rods for each
			hole.
		•	The results in this Report
			are historical and as such
			additional details are
			unknown.
Drill sample	• Method of recording and assessing core and chip	•	The results in this Report
recovery	sample recoveries and results assessed. • Measures taken to maximise sample recovery and		are historical and as such these details are unknown.
	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.
Logging	• Whether core and chip samples have been	•	All Pre-collar chips and
	geologically and geotechnically logged to a level of		diamond core was logged
	detail to support appropriate Mineral Resource		by Goldstream and
	estimation, mining studies and metallurgical studies.		Alliance staff.
	• Whether logging is qualitative or quantitative in	•	Logging comprised
	nature. Core (or costean, channel, etc) photography.		separate lithology,
	• The total length and percentage of the relevant		alteration, 1m magnetic
	intersections logged.		susceptibility readings and
			assay sample logs.
		•	The results in this Report
			are historical and as such
			these details are unknown.
Sub-	• If core, whether cut or sawn and whether quarter, half	•	For Alliance drillholes. The
sampling techniques and sample preparation	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.		core was marked for cutting at 1-4 metre intervals in the field based on geological intervals depending on visual examination.
	• Quality control procedures adopted for all sub-		Markings prepared for ¼
	sampling stages to maximise representivity of		cut core for initial assay
	samples.		results with further
	• Measures taken to ensure that the sampling is representative of the in situ material collected,		sampling dependent upon results.
	including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled.	•	Intervals were cut by diamond saw, at challenger geological services in Adelaide.

Criteria	JORC Code explanation	Commentary	Commentary
		•	Geochemical assays were
			completed by Interteck -
			Genalysis Laboratory in
			Adelaide
		•	The results in this Report
			relating to the BigNE
			Prospect are historical and
			as such these details are
			unknown.
Quality of	• The nature, quality and appropriateness of the	•	The sampling digest
assay data and laboratory	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	•	methods are considered appropriate and industry standard. Sample preparation was
tests	the analysis including instrument make and model,		by Method SSMG. A
	reading times, calibrations factors applied and their		nominal 25g Aqua Regia
	derivation, etc.		digestion (B25) with
	• Nature of quality control procedures adopted (eg		ICPMS and AAS finish for
	standards, blanks, duplicates, external laboratory		the pre-collar assays and
	checks) and whether acceptable levels of accuracy (ie		ICPMS and OES finish for
	lack of bias) and precision have been established.		the ¼ core assays
		•	The results in this Report
			are historical and as such
			these details are unknown.
Verification	• The verification of significant intersections by either	•	The results in this Report
of sampling and assaying	independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical		are historical and as such these details are unknown.
	and electronic) protocols.
	• _Discuss any adjustment to assay data. _
Location of	• Accuracy and quality of surveys used to locate drill	•	Pre collars were located by
data points	holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral	•	handheld GPS. Downhole surveys were
	Resource estimation.		conducted using a ranger
	• Specification of the grid system used.		surveying instrument.
	• Quality and adequacy of topographic control.	•	The results in this Report
			are historical and as such
			these details are unknown.
Data	• Data spacing for reporting of Exploration Results.	•	The Drillholes that
spacing and distribution	• Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and		intersected basement aimed to test discreet exploration targets and did
	Ore Reserve estimation procedure(s) and		not attempt to establish
	classifications applied.		continuity between areas.
	• Whether sample compositing has been applied.	•	The results in this Report
			are historical and as such
			these details are unknown.
Orientation	• Whether the orientation of sampling achieves	•	All Drillholes that
of data in relation to geological	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		intersected basement were drilled vertically. Therefore, it is impossible to determine the exact orientation of
structure	the orientation of key mineralised structures is		structures.
	considered to have introduced a sampling bias, this	•	The results in this Report
	should be assessed and reported if material.		are historical and as such
			these details are unknown.

Criteria	JORC Code explanation	Commentary
Sample	• The measures taken to ensure sample security.	•The results in this Report
security		are historical and as such these details are unknown.
Audits or	• The results of any audits or reviews of sampling	•No review has been
reviews	techniques and data.	undertaken at this time.
		•The results in this Report
		are historical and as such
		these details are unknown.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary	Commentary
Mineral	• Type, reference name/number, location and	•	EL 6919 was granted to
tenement	ownership including agreements or material issues		Petratherm (100%) on the
and land tenure	with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental	•	25/07/2023 for an initial licence terms of 6 years. EL 6919 is located
status	settings.		approximately 70km
	• The security of the tenure held at the time of reporting		northeast of Coober Pedy
	along with any known impediments to obtaining a		overlapping Mount Barry
	licence to operate in the area.		and Nilpinna Pastoral
			Stations.
		•	Native Title Claims:
			SCD2012/002 Arabana &
			SCD2011/001 Antakirinja
			Matu-Yankunytjatjara.
		•	The tenement is in good
			standing and no known
			impediments exist.
Exploration	• Acknowledgment and appraisal of exploration by	•	Previous exploration work
done by other parties	other parties.		includes; Airborne Geophysics: Magnetics and
			Radiometrics
			Ground Geophysics:
			Magnetics, Gravity, MT,
			and IP.Exploration
			Drilling:7 Rotary Mud /
			Diamond tail holes.
Geology	• Deposit type, geological setting and style of	•	Petratherm is primarily
	mineralisation.		exploring for Fe-Oxide-
			Copper-Gold mineralisation
			(e.g. Olympic Dam-style)
			within the Peake & Denison
			Domain of the Gawler
			Craton,South Australia.
Drill hole	• A summary of all information material to the	•	Summary table of historic
Information	understanding of the exploration results including a tabulation of the following information for all Material		drill hole details from the BigNE Prospect included in
	drill holes:		Tables 1 & 2 in the main
	o easting and northing of the drill hole collar		body of the report.
	o elevation or RL (Reduced Level – elevation above	•	True widths of intercepts
	sea level in metres) of the drill hole collar		reported is un-known.
	o dip and azimuth of the hole

Criteria	JORC Code explanation	Commentary	Commentary
	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.
Data	• In reporting Exploration Results, weighting averaging	•	Sample length weighted
aggregation methods	techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.		averaging was used to calculate the aggregate intervals reported.
	• Where aggregate intercepts incorporate short lengths	•	Sample results reported
	of high-grade results and longer lengths of low-grade		represent composite
	results, the procedure used for such aggregation		intervals.
	should be stated and some typical examples of such	•	No mineralised grades of
	aggregations should be shown in detail.		significance have been
	• The assumptions used for any reporting of metal		reported, only evidence of
	equivalent values should be clearly stated.		alteration. Intercepts
			reported used a 500 ppm
			Cu cut-off.
		•	No metal equivalents have
			been used.
Relationship	• These relationships are particularly important in the	•	Down hole length has
between	reporting of Exploration Results.		been reported, as true
mineralisati on widths and	• 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		width is not known, as insufficient work has been undertaken to understand the true width of intervals.
intercept	reported, there should be a clear statement to this	•	“Down hole length, true
lengths	effect (eg ‘down hole length, true width not known’).		width not known” is stated in the notes to Table 1A.
Diagrams	• Appropriate maps and sections (with scales) and	•	Plan view of drill collar
	tabulations of intercepts should be included for any		locations has been shown
	significant discovery being reported These should		in the body of this report.
	include, but not be limited to a plan view of drill hole	•	No section views have
	collar locations and appropriate sectional views.		been provided as no
			significant mineralisation
			was intersected.
		•	Insufficient drilling has
			been undertaken to be
			able to provide geological
			sections.
Balanced	• Where comprehensive reporting of all Exploration	•	The reporting is
reporting	Results is not practicable, representative reporting of both low and high grades and/or widths should be		considered balanced. Comprehensive reporting
	practiced to avoid misleading reporting of Exploration		of all historical exploration
	Results.		results has occurred when
			appropriate.
Other	• Other exploration data, if meaningful and material,	•	Re-processing and
substantive	should be reported including (but not limited to):		modelling of historical
exploration data	geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk		ground gravity surveying was conducted over EL 6919. This work defined
	density, groundwater, geotechnical and rock		several gravity anomalies
	characteristics; potential deleterious or contaminating		which has formed the
	substances.		basis of initial follow up
			groundgeophysics and

Criteria	JORC Code explanation	Commentary	Commentary
			drill targeting.
Further	• The nature and scale of planned further work (eg	•	A range of exploration
work	tests for lateral extensions or depth extensions or		techniques are being
	large-scale step-out drilling).		considered to progress
	• Diagrams clearly highlighting the areas of possible		exploration including
	extensions, including the main geological		gravity and SQUID EM
	interpretations and future drilling areas, provided this		geophysical surveying to
	information is not commercially sensitive.		aid drill targeting and
			further drilling.