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PURSUIT MINERALS LTD Capital/Financing Update 2021

Oct 25, 2021

65626_rns_2021-10-25_108a60f8-f9c0-4863-a087-f2454b7b21e6.pdf

Capital/Financing Update

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ASX RELEASE

26 October 2021

Sulphide Mineralising System Extended at Phil's Hill

The Company's principal business objectives are the acquisition, exploration, development and operation of PGE, copper, nickel silver, gold, vanadium and other mineral deposits.

Directors

Peter Wall (Chairman) Mark Freeman (MD) Bob Affleck (Technical Director)

Company Secretary

Mark Freeman

Capital Structure

ASX Code PUR
Shares 937,013,916
Options
10c exp 31/10/21 76,166,073*
4.9c exp 6/11/21 2,000,000
0.7c exp 18/9/23 36,000,000
Perfor Rights** 7,500,000

* Listed PUROA

** 3,000,000 subject to shareholder approval

Highlights:

  • Sulphide mineralising system extended over 1.6km strike, open north and south with massive, stringer or disseminated sulphides in all holes
  • Silver mineralisation up to 6.96 g/t noted in all four assay batches
  • Sulphides from at least 2 to 4 different mineralising events
  • Hole 6 found massive and stringer sulphides from 54-94m. Potential Ni sulphides observed at 180m (assays pending)
  • Hole 8 found massive, stringer and disseminated sulphides 49-54m and 137-166m. Potential Ni sulphides observed at 172m (assays pending)
  • Diamond drilling completed with 8 holes drilled for 1,538m
  • DHEM crew on site this week to survey holes 3 to 8

Next Steps:

  • Expedite assays holes 3, 6, 7 and 8
  • Complete DHEM on all holes
  • Plan follow-up auger geochemistry at Phil's Hill to expand coverage along strike N and S
  • Initiate geochemical & geophysical surveys at Ablett Prospect

Pursuit Managing Director, Mark Freeman, said:

"These assay results are very meaningful and give strong encouragement that the Company has located a significant mineralising system at Phil's Hill. Our technical team are now focussed on finding the core of the system and will be working with geophysical and geochemical consultants to that end. The significant PGE anomalism in our surface soils remains a strong driver for continued follow-up Geochem. The Company eagerly awaits assay results from holes 3, 6, 7 and 8. The drillers and our exploration team have done a phenomenal job on site with minimal disturbance to the crop and have ensured excellent relationships maintained and strengthened within the community in the district."

Warrior Project (100%)

Pursuit Minerals Limited (ASX:PUR) ("Pursuit" or the "Company") is pleased to provide assay results for four drill holes from the Phil's Hill prospect diamond drilling program. Drilling has now ceased and in total, eight holes were drilled at Phil's Hill for 1,538 m (Figure 1 & Table 1).

Silver mineralisation up to 6.96 g/t and anomalous gold, copper, and nickel are reported in the assay results for the first four diamond drill holes (1, 2, 4 and 5) (Table 2 & Appendix 1).

In order to understand the implications of silver mineralisation and gold, copper, and nickel anomalism all assay results have been reviewed by consultant geochemist Pathfinder Exploration (Pathfinder). Pathfinder utilised a number of statistical techniques, such as correlation and cluster analysis, to highlight trends and elemental associations in the data. This approach can highlight the likely type of mineralising system the Company has found at Phil's Hill and how best to explore it.

Pathfinder's analysis suggests Phil's Hill could be reflecting several possible mineralisation styles, specifically:

  • Gold polymetallic mineralisation containing Au Ag Cu Mo, as found in gold or gold-copper mineralisation
  • Ultramafic/PGE comprises an elemental association of Cr Mg Ni (Pd Pt)
  • Pegmatite porphyritic intrusive association that includes elements such as rare earths.
  • Lead Zn mineralization Pb Zn Sb Cd Mn /Co, such as is found in Volcanic Hosted Massive Sulphide (VHMS) systems.

Mineralisation located in all drill holes suggests there may have been an overprinting of at least two mineralising events at Phil's Hill. Once all assay data are received, the Company will review them with geophysical and geochemical consultants to plan new programs to search for the core of the mineralising system.

Hole ID TargetPlate EastingMGAzone50 NorthingMGAzone50 RL Azimuth Dip HoleDepth Comment
21WDD0001 20a 463950 6546740 266.5 270 -60 201.8
21WDD0002 10a 464268 6545699 251.6 230 -60 267.4
21WDD0003 10a 464316 6545719 251.6 230 -60 198.8
21WDD0004 20a 463970 6546840 266.5 230 -60 198.4
21WDD0005 17a 464115 6546409 258 230 -60 68.6 Hole abandoned
21WDD0006 17a 464115 6546409 258 230 -60 197.6 Redrill of hole 5
21WDD0007 6a 464379 6545281 242.6 230 -60 59.5 Hole abandoned
21WDD0008 6a 464384 6545284 242.6 230 -60 200 Redrill of hole 7

Table 1: Collar details for Phil's Hill diamond drill holes

Figure 1 – Phil's Hill Diamond Drill holes and surface geochemistry

Assay Results from Drilling of EM Plate 20a - 21WDD0001 and 21WDD0004 (Holes 1 and 4)

Assay results have been received for drill holes 1 and 4 that were testing conductor Plate 20a previously identified from electromagnetic (EM) surveying. Drill hole 4 previously reported intersecting massive sulphides in the interpreted position of conductive EM Plate 20a. Assay results have been received confirming these sulphides contain silver mineralisation (Figures 2 & 3) and anomalous copper and gold.

Hole 4 mineralised intervals include:

  • 0.32m @ 3.96 g/t Ag, 0.12% Cu from 103.98m, and
  • 3.7m @ 3.19 g/t Ag from 129.5m.

Figure 2: Silver mineralised massive sulphides intersected in 21WDD0004

Significant silver mineralisation is noted in hole 1 nearby with 1.3m @ 3.09 g/t Ag from 59.7m, including 0.3m @ 5.14 g/t Ag & 0.13% Cu from 59.7m (Figure 3). The mineralisation intersected in Hole 1 is approximately 72m along strike of the massive sulphides intersected in Hole 4 (Figure 4).

Clear patterns of geochemical anomalism are observed in the assay data (Table 1). This anomalism suggests the mineralisation intersected in Hole 1 may represent 'leakage' of mineralisation along strike and up dip of the massive sulphide zone intersected in hole 4 (Figure 4).

Figure 3: Cross section showing sulphide mineralisation in drill holes testing EM Plate 20a Note: Both drill holes have been projected onto the same cross section.

Figure 4: Surface projection of EM Plate 20a, assay results in relation to drill holes

Deeper in hole 4 from 154.5 to 171.5m an anomalous ultramafic elemental association is noted with elevated Pt/Pd to 24ppb (Table 2).

Assay Results from Drilling of Plate 10a - 21WDD0002 / Hole 2

The number and length of sulphide intervals in Hole 2 was quite low given that failed to intersect the EM plate (Figure 5) but clear patterns of geochemical anomalism are observed in the assay data (Table 2). Significant Ag, Cu, Au, Co and Ni is noted at 75m (Figure 5, 6) as well as at 237m. Results for Hole 3 are pending at this time. Significant intervals in Hole 2 include:

  • 2m @ 4.40 g/t Ag from 74.6m, including
    • o 0.6m @ 6.95 g/t Ag, 0.03% Cu from 75m (Figure 6)
  • 1.4m @ 2.19 g/t Ag from 62.9m
  • 1.5m @ 1.91 g/t Ag from 69.2m
  • 1.15m @ 3.45 g/t Ag from 236m, including
    • o 0.15m @ 5.02 g/t Ag, 0.41% Cu, 51 ppb Au from 237m

Figure 5: Plate 10a Cross section showing sulphide mineralisation and assay anomalism Holes 2 and 3

Figure 6: Hole 2 Sulphide in pegmatite and mafic gneiss: 75-75.6m 6.96 g/t Ag, 5 ppb Au, 0.03% Cu, 150 ppm Ni

ASX RELEASE

HOLE ID SAMPLEID FROM(M) TO(M) Interval(m) Ag_ppm Au_ppm As_ppm Co_ppm Cr_ppm Cu_ppm Mo_ppm Ni_ppm Pd_ppm Pt_ppm Zn_ppm
21WDD0001 D000016 59.7 60 0.3 5.14 0.023 0.7 230 106 1280 30 249 -0.001 -0.005 243
21WDD0001 D000017 60 60.5 0.5 1.18 0.003 8.3 36 118 147 2.9 125.5 -0.001 -0.005 495
21WDD0001 D000018 60.5 61 0.5 3.76 0.004 0.7 19.9 145 233 3.57 45 -0.001 -0.005 225
21WDD0001 D000030 95.6 95.75 0.15 1.51 0.03 0.9 535 51 257 9.91 86.9 0.004 -0.005 37
21WDD0002 D000050 74.6 75 0.4 2.68 0.011 1.4 42.8 200 639 8.24 145 0.003 -0.005 250
21WDD0002 D000052 75 75.6 0.6 6.96 0.005 3.2 35 94 370 3.78 150 0.002 0.005 276
21WDD0002 D000053 75.6 76 0.4 4.74 0.007 2.5 67.8 129 1350 24.5 246 0.005 -0.005 136
21WDD0002 D000054 76 76.6 0.6 2.76 0.009 3.3 42.1 297 604 14.7 131 0.001 -0.005 221
21WDD0002 D000061 115.2 115.6 0.4 3.34 0.016 0.4 62.1 67 357 14.2 85.4 0.002 -0.005 166
21WDD0002 D000062 115.6 115.9 0.3 1.58 0.004 1.2 13.1 34 146 3.05 24.8 0.001 -0.005 84
21WDD0002 D000087 236 237 1 3.22 0.01 2.4 37.7 6 742 0.85 242 0.01 0.017 765
21WDD0002 D000088 237 237.15 0.15 5.02 0.051 5.9 94.5 21 4140 3.28 646 0.001 -0.005 788
21WDD0004 D00155 103.98 104.30 0.32 3.96 0.024 0.3 51.4 208 1180 11.2 187 0.003 0.008 188
21WDD0004 D00159 116.80 117.00 0.20 1.75 0.004 0.9 26.9 181 319 5.56 144 0.002 <0.006 228
21WDD0004 D00176 129.50 130.00 0.50 3.38 0.061 0.7 21.8 224 481 2.04 188 0.002 <0.006 262
21WDD0004 D00177 130.00 131.00 1.00 3.61 0.031 0.4 27.6 154 647 2.61 253 0.006 0.008 160
21WDD0004 D00178 131.00 131.60 0.60 3.84 0.022 0.5 45.3 104 646 3.84 277 0.005 0.005 99
21WDD0004 D00179 131.60 132.20 0.60 3.67 0.011 0.5 37.3 59 739 2.78 299 0.003 0.01 83
21WDD0004 D00182 132.50 132.75 0.25 3.8 0.004 0.4 31.2 58 576 3.26 225 0.002 <0.005 103
21WDD0004 D00183 132.75 133.20 0.45 1.59 0.014 1.5 58.6 129 149.5 1.23 105.5 0.001 <0.005 184
21WDD0004 D00201 150.70 151.70 1.00 0.28 0.063 0.9 37.8 46 73.5 0.89 26.9 0.005 0.006 97
21WDD0004 D00204 166.00 167.00 1.00 0.37 0.007 3.2 70.9 1090 220 0.7 604 0.009 0.009 105
21WDD0004 D00205 167.00 168.00 1.00 0.26 0.003 2.1 71.8 981 77.8 0.55 588 0.009 0.009 93

Pursuit Minerals Limited | ACN 128 806 977 | ASX: PUR / PUROA

Suite 4, 246-250 Railway Parade, West Leederville, WA 6007 |PO Box 214, West Perth, WA 6872

T + 61 8 6500 3271 | [email protected] | www.pursuitminerals.com.au

March 2020 Quarterly Activities Report

21WDD0004 D00206 168.00 169.00 1.00 0.22 0.002 4.7 72.4 1440 92.8 0.43 783 0.009 0.009 69
21WDD0004 D00207 170.20 170.60 0.40 0.06 0.001 1.3 67.3 2140 5.9 0.59 797 0.01 0.005 195
21WDD0004 D00208 170.60 171.15 0.55 0.03 0.002 1 67 4890 2.3 0.31 1605 0.002 <0.005 381
21WDD0004 D00210 171.55 172.15 0.60 0.12 0.002 2.3 59.8 1590 30.8 0.43 696 0.005 <0.005 185
21WDD0004 D00212 172.50 173.00 0.50 1.27 0.003 3 51.6 2130 94.2 0.54 832 0.024 0.012 372
21WDD0005 D00224 0.50 1.00 0.50 4.42 0.003 4.5 16.9 97 85 1.79 44.9 0.004 <0.005 25
21WDD0005 D00225 1.00 2.00 1.00 4.67 0.003 3.6 20.6 113 101 1.64 37.4 0.003 <0.005 30
21WDD0005 D00226 27.00 28.00 1.00 0.37 0.01 131.5 123 2980 79.7 8.34 1385 0.015 0.017 158
21WDD0005 D00227 28.00 29.00 1.00 0.25 0.007 255 92.9 2410 57.3 8.09 1335 0.012 0.013 180
21WDD0005 D00228 29.00 29.60 0.60 0.18 0.024 181 102 3160 65.6 12.15 1345 0.022 0.02 218
21WDD0005 D00242 62.90 63.20 0.30 1.97 0.085 0.8 103 691 263 2.51 169 0.005 <0.005 159
21WDD0005 D00243 63.20 63.70 0.50 2.06 0.047 5.3 32.8 176 490 8.87 351 0.002 <0.005 72
21WDD0005 D00244 63.70 64.30 0.60 2.41 0.016 0.4 27.9 68 453 12.85 315 0.002 <0.005 74
21WDD0005 D00245 64.30 64.90 0.60 1.11 0.033 0.6 13.9 34 126.5 2.89 74.8 <0.001 <0.005 70
21WDD0005 D00251 69.20 70.00 0.80 1.97 0.025 2.4 107 218 314 5.84 285 0.007 <0.005 88
21WDD0005 D00252 69.20 70.00 0.80 2.34 0.04 2 103.5 224 376 5.14 307 0.005 0.006 78
21WDD0005 D00253 70.00 70.70 0.70 1.85 0.031 0.9 34.9 46 462 6.48 342 0.002 0.006 36
21WDD0005 D00254 70.70 71.40 0.70 0.86 0.006 1.5 19.2 292 53.9 1.92 105.5 0.004 <0.005 130

Table 2: Anomalous Ag intervals holes 1, 2, 4 and 5, Phil's Hill – note all intervals are down-hole intervals, not true thicknesses

Assay Results From Drilling of Plate 17a - Hole 5 (21WDD0005), Logging Hole 6

Hole 5 was abandoned at 71.4m following drilling problems and Hole 6 was a re-drill 3m to the SW (Figure 6). Only selected zones in Hole 5 were sampled but significant Ag, As, Pt, Pd, Cr and Ni anomalism is noted high in the hole. Significant results include:

  • 1.5m @ 4.59 g/t Ag from 0.5m
  • 7.8m @ 1.30 g/t Ag from 62.9m

Arsenic anomalism is not noted at Plates 10a and 20a and this new presence is very supportive of a goldpolymetallic mineralisation association. Assay results for Hole 6 are pending.

Logging of Hole 6 located massive and stringer sulphides from 54.5 to 94.4m associated with altered pegmatites and mafic units in contact with the pegmatite. Magmatic sulphides were also observed at 180m within pyroxenites toward the base of the unit. Any massive sulphide close to this interval (off-hole) would have been effectively masked and this could explain the fact that a conductor was not seen on this section.

Figure 6: Plate 17a Cross section showing sulphide mineralisation and assay anomalism, Hole 5

Plate 6a – Logging of Holes 7 and 8 (21WDD0007 and 21WDD0008)

Two holes were drilled at the southern plate 6a (Figure 1), holes 7 and 8. Hole 7 ended at 59.5m due to drilling problems and hole 8 was a redrill 5m to the NE. Assay results are pending for Holes 7 and 8.

Logging of Hole 8 found massive, stringer and disseminated sulphides from 49-54m and 137-166m with apparent magmatic Ni sulphides over 0.8m at 172m downhole. The core is quite different from previous holes with increased silicification and potassic alteration observed, which is common in Au-Cu mineral systems. Biotite alteration is more intense and the core more broken indicating intense alteration and fracturing which assists creating space for subsequent mineralising fluids.

A detailed analysis of past drillhole geochemistry at Warrior by geochemical consultant GC Xplore has highlighted a number of anomalies and trends that warrant follow up once crops are harvested at the project area next January.

For more information about Pursuit Minerals and its projects, contact:

Mark Freeman
Mathew Perrot
Managing Director Exploration Manager
E: [email protected] E: [email protected]
T:+ 61 412 692 146 T:+ 61 411 406 810

www.pursuitminerals.com.au

Competent Person's Statement

Statements contained in this announcement relating to exploration results, are based on, and fairly represents, information and supporting documentation prepared by Mr. Mathew Perrot, who is a Registered Practicing Geologist Member No 10167 and a member of the Australian Institute of Geoscientists, Member No 2804. Mr. Perrot is a full-time employee the Company, as the Company's Exploration Manager and has sufficient relevant experience in relation to the mineralisation style being reported on to qualify as a Competent Person for reporting exploration results, as defined in the Australian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC) Code 2012. Mr Perrot consents to the use of this information in this announcement in the form and context in which it appears and holds shares in the company.

Forward looking statements

Statements relating to the estimated or expected future production, operating results, cash flows and costs and financial condition of Pursuit Minerals Limited's planned work at the Company's projects and the expected results of such work are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, forecasts, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur. Information concerning exploration results and mineral reserve and resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms;

changes in planned work resulting from logistical, technical or other factors; the possibility that results of work will not fulfil projections/expectations and realize the perceived potential of the Company's projects; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold reserves and resources; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of environmental issues at the Company's projects; the possibility of cost overruns or unanticipated expenses in work programs; the need to obtain permits and comply with environmental laws and regulations and other government requirements; fluctuations in the price of gold and other risks and uncertainties.

GLOSSARY

Ag Silver
Au Gold
Cu Copper
DHEM Down Hole Electro-Magnetic surveying
Disseminated sulphides Sulphides throughout the rock mass – not joined together and not conductive
Epigenetic Mineralisation forming after rocks were formed by later mineralising events
g/t Grams per ton
Intrusive Body of igneous rock that has crystallized from molten magma below the surface ofthe Earth
Litho-geochemistry Study of common elemental signatures in different rock types to aid accurate loggingby geologists
Metamorphism The solid state recrystallisation of pre-existing rocks due to changes in heat and/orpressure and/or the introduction of fluids, i.e. without melting
Massive Sulphides The majority of the rock mass consists of various sulphide species
Ni Nickel
ppm Parts per million
Pegmatite Exceptionally coarse-grained granitic intrusive rock,
polymetallic mineralisation Deposits which contain different elements in economic concentrations
Pb lead
Pyroxenite Acoarse-grained, igneousrockconsistingmainlyof pyroxenes.Itmaycontain biotite, hornblende, or olivine as accessories.
Sulphides Various chemical compounds of sulphur and metals
Ultramafic Very low silica content igneous and metamorphic rocks
Zn Zinc
VHMS Volcanic Hosted Massive Sulphide

APPENDIX 1 – ASSAY RESULTS, DIAMOND HOLES 1, 2, 4 AND 5 – PHIL'S HILL PROSPECT

All interval widths are down hole intervals, not true widths.

HOLE ID From(m) To (m) interval(m) Agppm Asppm Auppb Bippm Cdppm Coppm Crppm Cuppm Fepct Mgppm Mnppm Moppm Nippm Pbppm Pdppm Ptppm Reppm Sbppm Seppm Teppm Znppm
21WDD0001 50 51 1 0.66 1.4 2 0.18 0.23 29.9 70 83.6 7.04 10900 1060 1.13 86.3 41.8 <0.001 <0.005 <0.002 0.1 <1 <0.05 162
21WDD0001 51 52 1 0.85 0.7 2 0.21 0.24 45.7 57 92.1 9.1 14200 1920 1.24 115.5 20.8 <0.001 <0.005 <0.002 0.11 <1 <0.05 147
21WDD0001 52 52.5 0.5 0.29 0.9 1 0.27 0.17 32.7 34 135.5 10 13200 2380 1.01 86.5 8 <0.001 <0.005 <0.002 0.14 <1 <0.05 138
21WDD0001 52.5 53.2 0.7 0.73 1.2 <1 0.05 0.21 14.2 15 18.3 3.48 4500 729 0.97 29.2 48.8 <0.001 <0.005 <0.002 0.09 1 0.06 68
21WDD0001 53.2 54 0.8 0.11 1.3 <1 0.21 0.26 58.2 30 86.8 9.57 28900 2080 1.26 123 17 <0.001 <0.005 <0.002 <0.05 2 0.05 184
21WDD0001 54 55 1 0.17 1 1 0.13 0.28 52 28 88.1 9.32 26200 1680 1.34 97.8 15.4 <0.001 <0.005 <0.002 0.09 1 0.05 168
21WDD0001 55 56 1 0.16 0.3 2 0.03 0.62 11.6 21 11.5 4 5500 1600 0.76 19.1 78.9 <0.001 <0.005 <0.002 <0.05 <1 <0.05 240
21WDD0001 56 56.5 0.5 0.45 <0.2 1 0.02 0.93 12.4 32 31.8 3.28 4900 620 0.87 22.1 96.6 <0.001 <0.005 <0.002 0.05 <1 <0.05 357
21WDD0001 56.5 56.8 0.3 0.21 0.2 2 0.47 1 39.4 138 22.4 8.75 35200 2100 0.75 116 30.9 <0.001 <0.005 <0.002 0.06 <1 <0.05 385
21WDD0001 56.8 57.2 0.4 0.41 0.6 1 0.12 0.23 6.6 19 26.4 2.26 3900 544 0.73 22.5 61.9 <0.001 <0.005 <0.002 0.07 1 <0.05 145
21WDD0001 57.2 57.7 0.5 0.16 6.8 2 0.31 0.49 43.9 205 127.5 14.4 35200 1200 1.58 260 35.4 <0.001 <0.005 <0.002 0.06 1 0.07 499
21WDD0001 57.7 58.3 0.6 0.51 0.7 2 0.1 1.71 7.5 28 54.9 2.9 7400 524 2.59 24.2 122 <0.001 <0.005 <0.002 0.07 <1 <0.05 265
21WDD0001 58.3 58.6 0.3 0.19 1.1 <1 0.13 0.67 25.9 76 22.1 6.85 21600 1180 0.77 54.2 63.3 <0.001 <0.005 <0.002 0.12 <1 <0.05 761
21WDD0001 58.6 59.7 1.1 0.33 0.8 1 0.1 1.17 10.7 29 29.5 3.48 5900 1530 1.01 25 142 <0.001 <0.005 <0.002 0.08 1 0.05 403
21WDD0001 59.7 60 0.3 5.14 0.7 23 1.07 5.75 230 106 1280 9.73 1300 179 30 249 36.6 <0.001 <0.005 0.015 0.1 2 0.4 243
21WDD0001 60 60.5 0.5 1.18 8.3 3 0.49 0.78 36 118 147 11.6 29100 1080 2.9 125.5 29.8 <0.001 <0.005 <0.002 0.07 <1 0.05 495
21WDD0001 60.5 61 0.5 3.76 0.7 4 0.22 0.15 19.9 145 233 6.75 9000 537 3.57 45 70.2 <0.001 <0.005 0.002 0.08 <1 0.07 225
21WDD0001 61 61.4 0.4 0.14 0.5 <1 0.08 0.34 65.9 97 58.1 10.5 49300 1460 1.06 186.5 18.9 <0.001 <0.005 <0.002 0.07 1 0.06 295
21WDD0001 61.4 62 0.6 0.36 0.5 1 0.45 0.42 40.8 142 60.2 7.99 31500 1540 0.91 89.2 18.6 <0.001 <0.005 0.002 0.1 <1 <0.05 98
21WDD0001 62 63 1 0.26 1.7 2 0.46 0.41 31.9 152 65.9 7.42 29600 1420 1.31 104.5 26.8 <0.001 <0.005 <0.002 0.1 <1 <0.05 125
21WDD0001 63 64 1 0.91 0.8 3 0.89 0.57 21.4 59 178 7.15 14400 1480 2.28 53.4 38.1 <0.001 <0.005 <0.002 0.12 2 0.1 154

HOLE ID From(m) To (m) interval(m) Agppm Asppm Auppb Bippm Cdppm Coppm Crppm Cuppm Fepct Mgppm Mnppm Moppm Nippm Pbppm Pdppm Ptppm Reppm Sbppm Seppm Teppm Znppm
21WDD0001 85 85.45 0.45 0.3 4.4 3 0.55 0.33 14 128 53 7.39 23800 1240 1.72 91 29.9 <0.001 <0.005 <0.002 0.16 1 0.08 160
21WDD0001 85.45 85.6 0.15 0.59 4.1 5 0.88 0.17 41.3 333 119 25.2 22500 2070 3.26 67.9 22.6 <0.001 <0.005 0.008 0.11 1 0.19 166
21WDD0001 85.6 86 0.4 0.12 0.5 1 0.11 0.14 56.8 168 24.1 8.4 38900 1960 0.42 137 7.8 <0.001 <0.005 0.007 0.18 <1 0.05 131
21WDD0001 94 95 1 0.12 1 1 0.63 0.35 55.1 167 60.2 8.96 30700 1780 3.95 134.5 6.9 0.001 <0.005 0.002 0.44 <1 <0.05 154
21WDD0001 95 95.6 0.6 0.35 1.7 1 0.25 0.23 57.7 153 63.3 7.86 24900 1840 1.01 145.5 9.6 <0.001 <0.005 0.003 0.52 1 <0.05 126
21WDD0001 95.6 95.75 0.15 1.51 0.9 30 5.19 0.18 535 51 257 33 4100 383 9.91 86.9 10.7 0.004 <0.005 0.006 0.07 1 0.21 37
21WDD0001 95.75 96 0.25 0.05 <0.2 1 0.04 0.14 3.6 15 9.6 33.2 12700 716 0.76 8.5 0.9 <0.001 <0.005 <0.002 0.06 <1 <0.05 97
21WDD0001 96 97 1 0.33 0.4 1 0.17 0.28 16.3 297 20.4 22.1 27100 1340 1.02 164.5 8.8 0.002 <0.005 0.002 0.08 2 0.1 120
21WDD0001 194 194.7 0.7 0.33 1.4 5 0.48 0.29 50.3 114 237 12.25 24300 2430 2.09 115.5 22.4 0.021 0.013 0.002 0.22 <1 0.07 194
21WDD0001 194.7 195.01 0.31 0.97 5.4 8 0.88 0.3 76.7 42 853 31.5 24700 2210 5.34 176.5 12.2 0.009 <0.005 0.006 0.3 1 0.3 164
21WDD0001 195.01 196 0.99 0.5 0.9 18 0.91 1.05 52.7 123 271 11.7 40500 2860 0.48 110 34 0.014 0.01 0.002 0.16 1 0.08 501
21WDD0002 46.4 47.4 1 0.07 0.9 <1 0.05 0.2 25.5 76 33.1 6.31 18900 1280 1.8 99.6 22.1 <0.001 <0.005 0.002 0.08 <1 <0.05 118
21WDD0002 47.4 47.75 0.35 1.44 3.6 5 0.43 0.44 57.7 92 1050 12.15 27900 2020 4.25 209 12.8 0.001 <0.005 0.004 0.18 1 0.08 159
21WDD0002 47.75 48.5 0.75 0.05 0.2 <1 0.04 0.09 24.1 26 7.2 5.98 13400 893 1.34 28 23.3 <0.001 <0.005 0.002 0.05 <1 <0.05 108
21WDD0002 65 66 1 0.16 1 1 0.19 0.24 42.7 15 110.5 10.2 35300 2190 0.6 74 15.9 0.001 <0.005 0.002 0.24 1 <0.05 125
21WDD0002 66 66.5 0.5 0.31 1.4 3 0.19 0.32 32.1 14 167 8.65 31600 1840 1.08 63 15.3 <0.001 <0.005 0.002 0.35 <1 <0.05 124
21WDD0002 66.5 67.2 0.7 0.49 0.9 6 0.23 0.33 33.5 18 255 11.15 33900 2490 1.02 84.3 16.6 0.001 <0.005 0.002 0.2 <1 <0.05 156
21WDD0002 67.2 68 0.8 0.12 1.7 3 0.14 0.19 51.3 19 65.5 9.34 34300 2070 0.77 135 21.6 0.001 <0.005 0.003 0.16 1 <0.05 113
21WDD0002 70 71 1 0.47 2.7 10 0.17 0.34 28.6 123 93.2 8.89 26100 1520 2.54 106.5 26.5 0.001 <0.005 0.002 0.19 <1 <0.05 152
21WDD0002 71 72 1 0.1 0.2 3 0.06 0.14 9.4 57 15.7 4.24 9400 900 0.87 30.6 54 0.001 <0.005 <0.002 0.07 <1 <0.05 109
21WDD0002 72 72.4 0.4 1.17 3.5 1 0.56 0.61 57.3 541 229 13.3 28700 2360 1.88 252 14.2 <0.001 <0.005 0.003 0.18 1 <0.05 166
21WDD0002 72.9 73.6 0.7 1.24 2 2 0.26 0.37 8.1 21 227 3 3000 251 1.4 18.9 61.9 <0.001 <0.005 <0.002 0.11 <1 <0.05 48
21WDD0002 73.6 74 0.4 0.16 162 4 0.19 0.58 56.6 799 19.4 9.8 55500 1860 0.77 432 8.7 0.005 0.006 0.002 0.86 <1 <0.05 132

From interval Ag As Au Bi Cd Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Re Sb Se Te Zn
HOLE ID (m) To (m) (m) ppm ppm ppb ppm ppm ppm ppm ppm pct ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm
21WDD0002 74 74.6 0.6 0.47 84.2 3 0.18 0.4 44 570 96.9 11.3 30300 1220 2.25 277 16 0.004 <0.005 0.002 0.34 1 0.06 135
21WDD0002 74.6 75 0.4 2.68 1.4 11 0.63 0.69 42.8 200 639 19.25 24700 1320 8.24 145 25.8 0.003 <0.005 0.002 0.1 <1 0.08 250
21WDD0002 75 75.6 0.6 6.96 3.2 5 0.54 1.18 35 94 370 12.95 26800 2100 3.78 150 21.5 0.002 0.005 0.005 0.1 1 <0.05 276
21WDD0002 75.6 76 0.4 4.74 2.5 7 0.85 0.67 67.8 129 1350 24.7 11500 635 24.5 246 37.6 0.005 <0.005 0.007 0.07 2 0.15 136
21WDD0002 76 76.6 0.6 2.76 3.3 9 0.67 0.87 42.1 297 604 16.75 21800 1440 14.7 131 22.2 0.001 <0.005 0.004 0.11 1 0.1 221
21WDD0002 76.6 77 0.4 0.22 1 2 0.08 0.17 38.6 35 37.8 8.38 20900 1260 1.47 102.5 27.9 <0.001 <0.005 0.005 0.09 <1 <0.05 201
21WDD0002 77 78 1 0.1 0.8 1 0.06 0.21 33.3 28 31.2 7.19 16400 1040 1.35 43.9 24.7 <0.001 <0.005 0.003 0.09 <1 <0.05 169
21WDD0002 88 89 1 0.16 0.8 1 0.08 0.18 39.7 12 111 8.9 13500 1300 1.98 22.1 21.5 <0.001 <0.005 0.003 0.05 1 <0.05 132
21WDD0002 110 111 1 0.16 0.4 1 0.07 0.04 3.4 11 25.6 1.38 2600 146 1.77 4.7 60.5 0.001 <0.005 0.002 0.05 <1 <0.05 43
21WDD0002 114.2 115.2 1 0.41 0.4 1 0.16 0.05 8.8 46 41.6 2.66 6500 239 1.69 15.7 54.7 <0.001 <0.005 0.002 <0.05 <1 0.07 77
21WDD0002 115.2 115.6 0.4 3.34 0.4 16 0.84 0.43 62.1 67 357 24.1 33500 1300 14.2 85.4 5.5 0.002 <0.005 0.003 0.07 1 0.61 166
21WDD0002 115.6 115.9 0.3 1.58 1.2 4 0.55 0.08 13.1 34 146 7.24 6100 333 3.05 24.8 69.1 0.001 <0.005 0.003 <0.05 <1 0.2 84
21WDD0002 115.9 116.9 1 0.14 1 2 0.2 0.15 38.2 21 43.6 6.93 30000 1130 2.07 45.7 25.2 0.004 0.005 0.002 0.12 <1 <0.05 161
21WDD0002 133.15 134.15 1 0.29 1 <1 0.26 0.38 34.6 80 72 7.58 32400 1200 1.5 62.5 21.2 <0.001 <0.005 0.002 0.09 1 <0.05 188
21WDD0002 134.15 134.3 0.15 0.95 1 2 1.02 1.63 39.6 94 332 12.85 54100 3210 1.64 83.9 14.5 <0.001 <0.005 0.002 0.26 1 0.1 511
21WDD0002 134.3 135.3 1 0.26 1.6 1 0.86 0.45 23.8 38 46.5 6.19 27900 2050 8.38 40.5 11.6 <0.001 <0.005 0.005 0.13 <1 <0.05 209
21WDD0002 167.6 168.6 1 0.24 0.5 1 0.14 0.21 51.3 173 83 9.04 43500 1670 0.68 132 10.6 <0.001 <0.005 0.002 0.06 1 <0.05 116
21WDD0002 168.6 169 0.4 1.11 0.7 13 0.5 0.57 54.1 146 471 16.05 23100 1590 8.76 150.5 15.2 0.005 0.007 0.007 0.11 3 0.47 212
21WDD0002 169 170 1 0.04 0.6 1 0.1 0.74 72.1 1990 8.8 8.69 114500 1200 0.48 859 4.8 0.004 0.007 0.002 0.06 <1 <0.05 157
21WDD0002 178 178.6 0.6 0.16 2.9 3 0.23 0.34 17.1 114 55.8 22.3 15200 1160 1.64 68.2 5.8 0.004 <0.005 0.01 0.26 2 0.16 68
21WDD0002 178.6 179.5 0.9 1.1 2.1 8 0.44 0.67 35.1 230 357 16.1 17800 1350 4.1 104.5 9.6 0.002 <0.005 0.006 0.11 2 0.22 173
21WDD0002 179.5 180 0.5 0.25 0.5 4 0.27 0.2 45.7 168 57.7 8.36 37800 1200 1.02 123.5 16.2 <0.001 <0.005 0.002 0.06 1 <0.05 109
21WDD0002 180 180.95 0.95 0.12 0.5 1 0.07 0.04 4.5 18 24.9 1.98 4000 174 1.8 9.5 77.2 <0.001 <0.005 <0.002 0.05 1 <0.05 39

From interval Ag As Au Bi Cd Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Re Sb Se Te Zn
HOLE ID (m) To (m) (m) ppm ppm ppb ppm ppm ppm ppm ppm pct ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm
21WDD0002 183 183.6 0.6 0.18 1 <1 0.27 0.25 51.2 143 55.1 8.55 26000 1990 1.16 120 7.9 <0.001 <0.005 0.002 0.11 1 <0.05 121
21WDD0002 183.6 183.9 0.3 1.13 0.2 9 0.47 0.62 37.4 174 474 10.9 30700 2400 1.5 109 11.3 <0.001 <0.005 0.002 0.07 1 0.15 186
21WDD0002 183.9 184.9 1 0.08 0.2 1 0.03 0.06 6.2 28 7.4 2.54 7400 246 0.92 14.4 32 <0.001 <0.005 <0.002 0.05 1 <0.05 79
21WDD0002 190 190.4 0.4 0.1 0.7 1 0.19 0.26 62.7 1080 26.8 9.68 85100 1370 0.65 492 8.3 0.008 0.012 0.002 0.1 1 <0.05 194
21WDD0002 190.4 190.65 0.25 0.09 0.3 1 0.06 0.13 28.9 592 29 9.43 36500 826 1.18 154 28.7 0.01 0.008 <0.002 <0.05 1 <0.05 310
21WDD0002 190.65 191.4 0.75 0.13 0.6 2 0.19 0.16 44.4 251 25.4 8.25 52500 1840 0.51 133.5 6.7 0.012 0.015 0.002 0.1 1 <0.05 84
21WDD0002 191.4 192.05 0.65 1.35 1.1 7 0.54 0.08 60.2 37 448 13.65 4100 394 3.29 57.8 58.7 0.002 <0.005 0.004 0.06 1 0.2 148
21WDD0002 192.05 193 0.95 0.12 0.6 <1 0.24 0.4 70.3 1080 44.2 8.75 100000 1450 0.42 600 3.9 0.012 0.011 0.002 <0.05 1 <0.05 107
21WDD0002 198.5 199.5 1 0.14 0.6 <1 0.1 0.15 39.1 182 48.5 7.85 41900 1210 0.54 94.4 14.7 0.005 0.007 0.002 0.49 1 <0.05 98
21WDD0002 199.5 199.65 0.15 0.31 2.8 5 0.25 0.28 53.3 481 198.5 10.75 71700 1650 0.83 255 9.1 0.009 0.009 0.006 0.84 1 0.08 122
21WDD0002 199.65 200.65 1 0.16 0.7 3 0.08 0.16 40 141 51.7 7.83 43600 1550 0.48 79.3 10.4 0.009 0.01 0.01 0.48 1 <0.05 85
21WDD0002 236 237 1 3.22 2.4 10 2.49 2.92 37.7 6 742 9.62 27200 5390 0.85 242 616 0.01 0.017 0.007 0.97 1 0.11 765
21WDD0002 237 237.15 0.15 5.02 5.9 51 0.87 3.25 94.5 21 4140 16.85 25400 11600 3.28 646 84 0.001 <0.005 0.014 0.89 6 0.31 788
21WDD0002 237.15 238 0.85 0.33 4 4 0.54 2.58 28.8 9 97.4 8.71 44200 8460 1.16 151.5 57.5 <0.001 <0.005 0.004 0.3 <1 <0.05 499
21WDD0002 255 256 1 0.36 2.6 2 0.25 0.27 72.4 1120 163 8.02 100500 1570 0.49 678 14.7 0.011 0.01 0.005 0.26 1 0.05 106
21WDD0004 93 93.45 0.45 0.32 3.5 2 0.75 0.84 37.9 143 26 6.57 31600 2840 1.57 95.5 37.9 0.001 <0.005 <0.002 0.36 <1 <0.05 281
21WDD0004 93.45 93.8 0.35 0.84 5.8 2 1.52 2.35 30 70 127 8.26 47000 7960 0.87 50.9 20.9 <0.001 <0.005 <0.002 0.81 1 0.06 227
21WDD0004 93.8 94.8 1 0.24 0.9 3 0.1 1.28 11.2 20 44.9 2.87 6600 1300 1.19 13.7 168 0.001 <0.005 <0.002 0.06 <1 0.05 291
21WDD0004 100.7 101.7 1 0.33 0.9 3 0.27 0.36 38.6 59 93 7.61 24900 1720 0.95 65.1 21.1 <0.001 <0.005 <0.002 0.06 1 <0.05 133
21WDD0004 102.5 103 0.5 0.15 0.6 2 0.04 0.23 3 12 6.4 1.72 3600 233 1.17 6.9 119 <0.001 <0.005 <0.002 <0.05 <1 <0.05 90
21WDD0004 103 103.98 0.98 1.02 0.5 5 0.55 0.47 7.4 23 177.5 4.43 6600 393 2.01 16.4 118 <0.001 <0.005 <0.002 0.05 <1 0.06 134
21WDD0004 103.98 104.3 0.32 3.96 0.3 24 1.85 1.4 51.4 208 1180 33 12600 602 11.2 187 6.8 0.003 0.008 0.003 <0.05 1 0.59 188
21WDD0004 104.3 104.8 0.5 0.25 1.2 6 0.13 0.24 3.4 23 23.8 2.42 5300 281 1.23 13 102.5 0.001 <0.005 <0.002 <0.05 <1 0.05 123

From interval Ag As Au Bi Cd Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Re Sb Se Te Zn
HOLE ID (m) To (m) (m) ppm ppm ppb ppm ppm ppm ppm ppm pct ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm
21WDD0004 111.7 112.7 1 0.33 2.1 2 0.15 0.96 27.9 53 113.5 5.93 18000 1240 3.32 50.9 40.9 0.001 <0.005 <0.002 0.05 <1 <0.05 351
21WDD0004 116 116.8 0.8 0.38 2.4 2 0.48 1.09 29.3 48 75.6 6.27 16700 2200 1.7 48.6 74.1 <0.001 <0.005 0.002 0.19 1 0.05 461
21WDD0004 116.8 117 0.2 1.75 0.9 4 0.63 1.39 26.9 181 319 7.11 8900 653 5.56 144 70.3 0.002 <0.005 <0.002 0.05 1 0.05 228
21WDD0004 117 118 1 0.3 0.3 2 0.19 0.21 40.2 132 61.6 6.26 30900 1780 1.26 96.9 17.7 0.001 <0.005 0.002 0.12 1 <0.05 121
21WDD0004 119.8 120.2 0.4 0.23 1 2 0.17 0.24 37.9 20 75.5 7.59 21600 1430 1.35 47.9 20.7 <0.001 <0.005 0.002 0.09 1 <0.05 136
21WDD0004 120.3 120.9 0.6 0.15 1.7 2 0.13 0.3 49.8 22 78.6 7.92 19800 1600 1.27 76.8 24.4 <0.001 <0.005 <0.002 0.13 1 <0.05 193
21WDD0004 120.9 121.25 0.35 0.1 11.1 2 0.17 0.12 35.5 156 48.9 9.83 49600 1360 0.59 164 22 <0.001 <0.005 <0.002 0.12 1 0.08 134
21WDD0004 121.25 121.75 0.5 0.12 8.4 3 0.16 0.12 37.6 271 51.8 9.41 54800 1200 0.43 271 18.5 0.001 <0.005 <0.002 0.05 <1 0.08 133
21WDD0004 121.75 122.5 0.75 0.12 2.4 2 0.2 0.21 46.5 58 60.2 9.23 28600 2070 0.89 101 23.4 <0.001 <0.005 <0.002 0.06 <1 <0.05 158
21WDD0004 122.5 123.4 0.9 0.13 0.8 2 0.1 0.2 13.9 86 28.5 4.37 11400 503 1.57 33.7 69.7 0.001 <0.005 <0.002 0.05 <1 0.05 92
21WDD0004 123.4 123.9 0.5 1.08 0.6 8 0.34 0.12 9.6 34 232 22.4 3900 684 5.16 71.2 22.8 <0.001 <0.005 0.007 <0.05 2 0.34 198
21WDD0004 123.9 125 1.1 0.23 0.7 4 0.16 0.34 10.9 23 20.3 30.1 10300 740 2.18 17.6 9.7 0.001 <0.005 <0.002 <0.05 1 0.05 154
21WDD0004 125 126 1 0.63 0.7 7 0.23 0.68 12 80 82 30.3 17400 1600 2.3 54.6 8.5 <0.001 <0.005 0.003 <0.05 <1 0.11 235
21WDD0004 126 127 1 0.41 0.5 5 0.11 0.47 7 85 36.9 21.6 15600 1780 2.06 21.7 25.8 0.001 <0.005 0.002 <0.05 1 0.08 235
21WDD0004 127 128 1 0.55 1.2 1 0.16 0.77 42.3 104 78.6 13.75 38200 2510 1.8 79.9 62.7 0.001 <0.005 0.003 0.56 <1 <0.05 229
21WDD0004 128 129 1 0.22 0.3 2 0.04 0.34 6.1 72 19.2 22.5 17400 1910 1.92 22.4 20.1 0.001 <0.005 <0.002 0.07 <1 <0.05 207
21WDD0004 129 129.5 0.5 0.19 0.3 2 0.03 0.35 5.7 53 13.8 34.5 18500 1990 0.94 21.9 20.5 <0.001 <0.005 <0.002 0.06 <1 <0.05 228
21WDD0004 129.5 130 0.5 3.15 0.5 25 1.08 1.84 22.1 241 477 32.2 22100 2550 2.05 190 78.5 0.003 0.007 0.007 0.12 1 0.16 250
21WDD0004 130 131 1 3.61 0.4 31 1.12 2.47 27.6 154 647 40.5 14500 3160 2.61 253 61.5 0.006 0.008 0.005 0.11 2 0.17 160
21WDD0004 131 131.6 0.6 3.84 0.5 22 1.07 2.2 45.3 104 646 43.6 8800 2450 3.84 277 44.6 0.005 0.005 0.004 0.08 1 0.16 99
21WDD0004 131.6 132.2 0.6 3.67 0.5 11 1.01 2.42 37.3 59 739 46.1 5800 1550 2.78 299 32.1 0.003 0.01 0.004 0.09 1 0.16 83
21WDD0004 132.2 132.5 0.3 1.46 2.2 5 0.3 3 33.1 162 57.8 7.88 30100 2350 1.14 96.7 113 <0.001 <0.005 0.002 0.57 1 <0.05 188
21WDD0004 132.5 132.75 0.25 3.8 0.4 4 0.98 1.46 31.2 58 576 35.9 8900 825 3.26 225 30.2 0.002 <0.005 0.005 0.09 1 0.08 103

From interval Ag As Au Bi Cd Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Re Sb Se Te Zn
HOLE ID (m) To (m) (m) ppm ppm ppb ppm ppm ppm ppm ppm pct ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm
21WDD0004 132.75 133.2 0.45 1.59 1.5 14 0.36 1.7 58.6 129 149.5 13.8 32700 2520 1.23 105.5 67.7 0.001 <0.005 0.003 0.48 <1 <0.05 184
21WDD0004 133.2 134 0.8 1.46 0.9 8 0.32 1.28 47.5 174 145.5 13.3 32000 1840 2.18 109 91.5 <0.001 <0.005 0.004 0.26 1 <0.05 179
21WDD0004 134 135 1 1.03 0.5 6 0.25 1.22 26.4 174 98.2 10 30400 1820 1.62 78.8 89.7 <0.001 <0.005 0.003 0.11 1 <0.05 208
21WDD0004 135 136 1 1.21 0.3 7 0.39 1.01 72 178 120.5 13.05 39400 2130 1.62 111.5 107.5 0.001 <0.005 0.003 0.09 1 0.07 277
21WDD0004 136 137 1 0.61 0.5 3 0.22 0.46 17.4 102 48.9 4.75 12600 688 3.61 43.5 50.4 0.001 <0.005 0.008 0.07 <1 0.05 113
21WDD0004 137 138 1 0.08 0.8 3 0.06 0.36 22.2 147 19.1 4.75 21900 1010 1.12 60.8 37.1 0.005 0.007 0.005 0.05 1 <0.05 129
21WDD0004 141 141.8 0.8 0.07 0.6 2 <0.01 0.09 8 103 35.1 2.66 7000 336 2.25 21.6 22.6 0.001 <0.005 0.003 0.06 1 <0.05 91
21WDD0004 141.8 142.5 0.7 0.17 1 2 0.11 0.37 41.4 64 92.7 8.75 31100 2210 1.09 30.1 30 0.004 0.006 0.002 0.11 1 <0.05 127
21WDD0004 142.5 143.3 0.8 0.14 0.3 3 0.01 0.09 24.6 143 72.7 6.25 13600 635 7.77 74 52.4 0.002 <0.005 0.002 0.05 1 <0.05 177
21WDD0004 143.3 144.1 0.8 0.21 0.2 4 0.01 0.18 28.5 141 97 7.13 15400 1020 37.4 85 178 0.003 <0.005 0.003 0.06 1 0.06 220
21WDD0004 144.1 145 0.9 0.21 0.8 3 0.16 0.88 32.4 62 103 8.29 23100 2180 4.02 32.9 47.6 0.004 0.005 0.002 0.27 1 <0.05 139
21WDD0004 145 146 1 0.28 0.2 3 0.08 0.52 48.9 76 115.5 9.61 32300 1640 1.59 40.9 39.2 0.005 0.007 0.003 0.12 1 <0.05 144
21WDD0004 146 147 1 0.41 0.5 3 0.04 0.26 46.2 47 141 9.49 34000 1380 2.66 30.8 41.1 0.005 0.009 0.003 0.07 1 <0.05 108
21WDD0004 147 148 1 0.39 0.2 2 0.06 0.23 44.2 65 113.5 9.07 30400 1400 2.03 32.4 32.9 0.005 0.008 0.002 0.09 1 0.15 108
21WDD0004 148 149 1 0.22 0.7 2 0.05 0.28 39.6 61 70.5 8.67 28400 2050 3.04 28.5 20.9 0.003 <0.005 0.006 0.36 1 <0.05 109
21WDD0004 149 150 1 0.2 0.7 2 0.04 0.18 42.3 63 110 8.26 27400 1880 1.29 29.9 7.8 0.005 0.007 0.002 0.49 1 <0.05 92
21WDD0004 150 150.7 0.7 0.19 0.7 1 0.05 0.2 42.6 62 84.6 8.56 30000 1710 0.94 30.4 12.6 0.004 0.007 0.002 0.46 1 <0.05 104
21WDD0004 150.7 151.7 1 0.28 0.9 63 0.08 0.17 37.8 46 73.5 8.04 28300 1990 0.89 26.9 27.9 0.005 0.006 <0.002 0.4 1 <0.05 97
21WDD0004 153.3 153.8 0.5 0.37 0.6 8 0.18 0.22 44.4 53 270 9.78 26000 2510 1.93 32.3 12 0.004 0.007 0.006 0.15 2 0.05 118
21WDD0004 165 166 1 0.37 1.5 5 0.25 0.33 43.9 569 181 8.4 59400 1360 1.49 275 9.7 0.006 0.009 <0.002 0.1 <1 <0.05 156
21WDD0004 166 167 1 0.37 3.2 7 0.31 0.37 70.9 1090 220 7.44 89100 1320 0.7 604 18.4 0.009 0.009 <0.002 0.16 1 <0.05 105
21WDD0004 167 168 1 0.26 2.1 3 0.43 0.31 71.8 981 77.8 7.77 89200 1350 0.55 588 17.4 0.009 0.009 <0.002 0.38 <1 <0.05 93
21WDD0004 168 169 1 0.22 4.7 2 0.34 0.18 72.4 1440 92.8 7.71 99500 1220 0.43 783 12.7 0.009 0.009 <0.002 0.5 1 <0.05 69

From interval Ag As Au Bi Cd Co Cr Cu Fe Mg Mn Mo Ni Pb Pd Pt Re Sb Se Te Zn
HOLE ID (m) To (m) (m) ppm ppm ppb ppm ppm ppm ppm ppm pct ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm
21WDD0004 170.2 170.6 0.4 0.06 1.3 1 0.22 0.55 67.3 2140 5.9 9.35 95200 2100 0.59 797 9.5 0.01 0.005 <0.002 0.09 <1 <0.05 195
21WDD0004 170.6 171.15 0.55 0.03 1 2 0.12 0.08 67 4890 2.3 6.2 149500 1180 0.31 1605 2.2 0.002 <0.005 <0.002 0.06 1 <0.05 381
21WDD0004 171.15 171.55 0.4 0.05 0.4 1 0.08 0.28 51.9 355 1.5 8.91 123000 2050 0.31 299 2 <0.001 <0.005 <0.002 <0.05 <1 <0.05 141
21WDD0004 171.55 172.15 0.6 0.12 2.3 2 0.16 0.22 59.8 1590 30.8 7.32 129500 1500 0.43 696 4.7 0.005 <0.005 <0.002 0.08 <1 <0.05 185
21WDD0004 172.15 172.5 0.35 0.07 0.7 2 0.09 0.42 25.2 220 2.8 4.51 34700 1420 1.06 155.5 25.7 0.003 0.009 <0.002 0.09 <1 <0.05 141
21WDD0004 172.5 173 0.5 1.27 3 3 0.55 0.31 51.6 2130 94.2 4.98 55100 2750 0.54 832 93 0.024 0.012 <0.002 0.18 1 0.08 372
21WDD0004 189.1 190 0.9 0.98 8.4 6 0.37 3.33 49.7 227 374 10.65 44100 2090 1.14 168 133 0.01 0.008 <0.002 0.21 2 0.25 746
21WDD0004 190 191 1 1.06 1.4 6 0.28 2.98 51 218 351 10.05 46200 1350 1.85 160 156 0.01 0.008 0.004 0.09 2 0.29 1080
21WDD0004 191 192 1 0.27 0.8 5 0.22 0.68 40.7 124 69.2 8.95 40600 2080 0.88 93.6 31.8 0.015 0.008 <0.002 0.2 <1 <0.05 333
21WDD0004 192 193 1 0.12 0.9 2 0.17 0.51 26.4 118 11 6.74 25400 1630 0.9 59.5 25.9 0.006 0.006 <0.002 0.17 <1 <0.05 185
21WDD0004 193 194 1 0.28 1.1 5 0.24 0.65 34.2 87 114.5 7.35 31600 1630 1.55 90.7 32.6 0.011 0.005 <0.002 0.24 1 <0.05 285
21WDD0004 194 195 1 0.26 0.9 4 0.29 0.83 51.1 131 114.5 9.37 34200 1740 1.04 130.5 29 0.009 0.008 <0.002 0.27 1 <0.05 340
21WDD0004 195 196 1 0.15 0.6 4 0.2 0.43 41.8 164 79.2 8.22 44500 1240 0.91 205 32.6 0.005 0.005 <0.002 0.09 1 <0.05 228
21WDD0004 196 197 1 0.14 0.6 2 0.37 0.42 38.5 100 51.2 9.59 51300 2410 0.4 122.5 11.1 0.007 0.007 <0.002 0.17 <1 <0.05 251
21WDD0004 197 198 1 1.12 4.8 5 1.18 0.72 53.2 178 860 14.3 29700 5240 2.06 123.5 15.4 0.009 0.008 0.006 0.15 2 0.25 153
21WDD0004 198 198.4 0.4 0.55 2 3 0.92 0.26 41.7 208 492 9.18 25000 2460 1.48 120 17.9 0.009 0.005 0.008 0.15 1 0.06 113
21WDD0005 0.5 1 0.5 4.42 4.5 3 0.17 <0.02 16.9 97 85 2.63 4400 290 1.79 44.9 57.6 0.004 <0.005 <0.002 0.2 <1 0.06 25
21WDD0005 1 2 1 4.67 3.6 3 0.19 <0.02 20.6 113 101 2.9 3100 197 1.64 37.4 69.4 0.003 <0.005 <0.002 0.19 1 0.09 30
21WDD0005 27 28 1 0.37 131.5 10 0.71 1.37 123 2980 79.7 27.9 27700 7670 8.34 1385 11.2 0.015 0.017 <0.002 1.15 1 0.17 158
21WDD0005 28 29 1 0.25 255 7 0.57 1.49 92.9 2410 57.3 28.6 31300 8230 8.09 1335 15 0.012 0.013 <0.002 2.71 <1 0.16 180
21WDD0005 29 29.6 0.6 0.18 181 24 0.42 1.24 102 3160 65.6 26 38300 6530 12.15 1345 16.9 0.022 0.02 <0.002 1.78 <1 0.14 218
21WDD0005 55 55.6 0.6 0.19 2 1 0.15 0.25 44.2 38 34.9 10.8 32800 2460 0.52 105 14.5 0.001 0.005 <0.002 0.13 1 <0.05 131
21WDD0005 55.6 55.8 0.2 1.2 6 19 1.88 0.14 69.2 35 243 21.1 5800 1470 6.42 128.5 13.4 0.001 0.007 0.004 0.1 2 0.22 55

HOLE ID From(m) To (m) interval(m) Agppm Asppm Auppb Bippm Cdppm Coppm Crppm Cuppm Fepct Mgppm Mnppm Moppm Nippm Pbppm Pdppm Ptppm Reppm Sbppm Seppm Teppm Znppm
21WDD0005 55.8 56.8 1 0.19 1.9 5 0.17 0.06 4.4 24 23.1 5.79 2800 543 1.14 18.6 41.4 <0.001 <0.005 <0.002 0.05 <1 <0.05 30
21WDD0005 56.8 57.8 1 0.27 1 3 0.19 0.13 3.3 13 37.2 7.04 900 498 1.56 19.9 39.1 <0.001 <0.005 <0.002 <0.05 1 0.05 37
21WDD0005 57.8 58.4 0.6 0.45 1.5 2 0.24 0.35 10.8 25 72.9 8.38 21000 2320 2.96 40.8 16.4 <0.001 <0.005 <0.002 0.06 <1 0.05 91
21WDD0005 58.4 59.4 1 0.54 1.7 3 0.24 0.06 6.5 21 44 6.81 6500 573 1.65 30.4 50.8 <0.001 <0.005 <0.002 0.06 1 <0.05 35
21WDD0005 59.4 60 0.6 1.03 1 12 0.95 0.25 50.7 36 204 18.95 19400 1660 7.02 125.5 10.1 0.001 <0.005 0.003 0.08 1 0.18 125
21WDD0005 60 60.8 0.8 0.17 0.9 2 0.11 0.09 1.7 10 9.6 4.17 3200 372 0.98 6.4 42.7 <0.001 <0.005 <0.002 0.05 <1 <0.05 41
21WDD0005 60.8 61.4 0.6 0.73 0.6 12 0.47 0.46 13.8 29 129.5 17.2 29800 5590 4.09 80.2 1.4 0.001 <0.005 <0.002 0.05 1 0.08 207
21WDD0005 61.4 61.9 0.5 0.49 0.9 12 0.29 0.17 27 163 75.1 16.55 22300 1860 3.16 130 13.1 0.003 <0.005 0.004 0.05 1 0.08 212
21WDD0005 61.9 62.9 1 0.47 1 4 0.17 0.92 30.1 378 25.5 11.65 33300 2380 1.21 150 31.3 0.004 <0.005 0.002 0.1 <1 <0.05 275
21WDD0005 62.9 63.2 0.3 1.97 0.8 85 1.69 1.11 103 691 263 26.1 26600 2050 2.51 169 18.5 0.005 <0.005 0.002 0.09 1 <0.05 159
21WDD0005 63.2 63.7 0.5 2.06 5.3 47 0.88 1.1 32.8 176 490 37.2 7000 748 8.87 351 2.5 0.002 <0.005 0.011 0.08 2 0.1 72
21WDD0005 63.7 64.3 0.6 2.41 0.4 16 1.08 1.05 27.9 68 453 41.6 6600 551 12.85 315 3.6 0.002 <0.005 0.005 <0.05 1 0.27 74
21WDD0005 64.3 64.9 0.6 1.11 0.6 33 0.88 0.65 13.9 34 126.5 12.9 4300 506 2.89 74.8 33.1 <0.001 <0.005 <0.002 0.07 1 0.07 70
21WDD0005 64.9 65.4 0.5 1.23 0.9 14 0.71 0.27 17.5 65 106.5 11.9 1800 324 3.1 69.6 56.7 <0.001 <0.005 0.003 0.06 <1 0.08 26
21WDD0005 65.4 66.4 1 1.23 1.1 13 0.81 1.11 24.7 586 200 24.5 21000 2200 4.26 147 16 0.002 0.005 0.002 0.09 1 0.05 179
21WDD0005 66.4 67.25 0.85 1.19 0.9 17 0.63 1.44 28 418 204 26 29700 3110 2.98 135.5 6.5 0.002 <0.005 0.002 0.12 1 <0.05 213
21WDD0005 67.25 68.2 0.95 0.48 0.7 4 0.28 0.69 56.7 1080 87.4 8.23 76900 1380 0.61 422 6.2 0.01 0.011 <0.002 0.06 1 <0.05 110
21WDD0005 68.2 69.2 1 0.25 0.6 3 0.01 0.14 72.1 1440 83.5 8.19 97700 1330 0.49 612 3.4 0.009 0.01 <0.002 <0.05 <1 <0.05 80
21WDD0005 69.2 70 0.8 1.97 2.4 25 1.63 1.09 107 218 314 32.1 21700 1440 5.84 285 9.1 0.007 <0.005 0.005 0.1 1 <0.05 88
21WDD0005 70 70.7 0.7 1.85 0.9 31 0.96 0.5 34.9 46 462 44.9 13200 713 6.48 342 3.4 0.002 0.006 0.004 0.05 1 0.07 36
21WDD0005 70.7 71.4 0.7 0.86 1.5 6 0.27 0.81 19.2 292 53.9 10.65 31200 2040 1.92 105.5 29.3 0.004 <0.005 <0.002 0.12 1 <0.05 130

All interval widths are down hole intervals, not true widths. Yellow columns are gold-polymetallic associations, purple columns are Ni Sulphides

associations, grey are base metal associations

1. JORC CODE, 2012 EDITION – TABLE 1 REPORT TEMPLATE

1.1 Section 1 Sampling Techniques and Data

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

Criteria JORC Code explanation Commentary
Samplingtechniques Nature and quality of sampling (e.g. cut channels, randomchips, or specific specialised industry standardmeasurement tools appropriate to the minerals underinvestigation, such as down hole gamma sondes, orhandheld XRF instruments, etc). These examples should notbe taken as limiting the broad meaning of sampling.Include reference to measures taken to ensure samplerepresentivity and the appropriate calibration of anymeasurement tools or systems used.Aspects of the determination of mineralisation that areMaterial to the Public Report.In cases where 'industry standard' work has been done thiswould be relatively simple (e.g. 'reverse circulation drillingwas used to obtain 1 m samples from which 3 kg waspulverised to produce a 30 g charge for fire assay'). Inother cases more explanation may be required, such aswhere there is coarse gold that has inherent samplingproblems. Unusual commodities or mineralisation types(e.g. submarine nodules) may warrant disclosure ofdetailed information. Diamond drilling is carried out to produce HQ and NQ coreSampling over selected intervals as determined by the geologist and cutusing a core saw with half the material submitted to the laboratory and halfretained for further study. In cases where duplicate samples are requiredthe half-core sample is cut into quarter-core and submitted for assaySamples are bagged into numbered calico sacks and these are placed intoplastic bags, sealed and labelled for transport
Criteria JORC Code explanation Commentary
Drillingtechniques Drill type (e.g. core, reverse circulation, open-hole hammer,rotary air blast, auger, Bangka, sonic, etc) and details (e.g.core diameter, triple or standard tube, depth of diamondtails, face-sampling bit or other type, whether core isoriented and if so, by what method, etc). Diamond drilling was undertaken by a Mount Magnet Drilling using a D800drill rig.Drilling started from surface using HQ core until competent ground wasreached where drilling changed to NQ.
Drill samplerecovery Method of recording and assessing core and chip samplerecoveries and results assessed.Measures taken to maximise sample recovery and ensurerepresentative nature of the samples. Drill core was oriented, metre marked and geotechnically logged includingrecoveriesRecoveries were lower in the weathered zones of the holes and improvedto 100% once competent ground was encountered
Whether a relationship exists between sample recoveryand grade and whether sample bias may have occurreddue to preferential loss/gain of fine/coarse material. It is unclear if there is any relationship exists between lost material andgrade
Logging Whether core and chip samples have been geologically andgeotechnically logged to a level of detail to supportappropriate Mineral Resource estimation, mining studiesand metallurgical studies.Whether logging is qualitative or quantitative in nature.Core (or costean, channel, etc) photography.The total length and percentage of the relevantintersections logged. Logging has followed company standards and is qualitative in nature. Thelevel of logging is appropriate for exploration and initial resourceevaluation.All core is photographed after all geological and geotechnical logging iscompleted and the holes marked up for sampling.The entire hole is logged as per company procedures.
Sub-samplingtechniquesand samplepreparation If core, whether cut or sawn and whether quarter, half orall core taken.If non-core, whether riffled, tube sampled, rotary split, etcand whether sampled wet or dry.For all sample types, the nature, quality and After logging and selection of sample intervals by the geologist, the markedcore is cut in half using a diamond saw.Half core sampling is regarded as appropriate sampling technique althoughduplicate samples are quarter cored. Samples are selected for analysisbased on geological logging and supported by pXRF readings taken on the

Pursuit Minerals Limited | ACN 128 806 977 | ASX: PUR / PUROA Suite 4, 246-250 Railway Parade | West Leederville | WA Australia 6007

PO Box 214 | West Perth | WA 6872 Australia

T + 61 8 6500 3271 | [email protected] | www.pursuitminerals.com.au

Criteria JORC Code explanation Commentary
appropriateness of the sample preparation technique. core by the geologist.
Quality control procedures adopted for all sub-samplingstages to maximise representivity of samples.Measures taken to ensure that the sampling isrepresentative of the in situ material collected, includingfor instance results for field duplicate/second-half Experienced samplers are utilised to ensure samples were restricted to theinterval with all material to be sent to the laboratory being collected and allretained material being replaced into trays
Known standards and field duplicates have been collected to ensure theaccuracy of the laboratory
sampling.Whether sample sizes are appropriate to the grain size ofthe material being sampled. Sufficient material has been collected for the relatively fine-grained gneisssampled
Quality ofassay data andlaboratorytests The nature, quality and appropriateness of the assayingand laboratory procedures used and whether the techniqueis considered partial or total.For geophysical tools, spectrometers, handheld XRFinstruments, etc, the parameters used in determining theanalysis including instrument make and model, readingtimes, calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratory checks)and whether acceptable levels of accuracy (i.e. lack of bias)and precision have been established. Samples were submitted to ALS Laboratories in Perth WA. Samples werecrushed and pulverised to 85% passing <75um. Samples were analysed forAg, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Mo,Na,Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta,Te, Th, Ti, Tl, U, V, W, Y, Zn,Zr, Dy, Er, Eu, Gd, Ho, Lu, Nd, Pr, Sm, Tb, Tm, Yb, with four acid digest MEMS61 with gold analysed by fire assay Au-ICP21 (fire assay 30g). Results areconsidered to be near total.pXRF results are collected using a Vanta VMR handheld unit manufacturedby Olympus. The unit operates in Geochem mode and captures 3 beams ofdata, initial test work with known standards have indicated that 30 secondsper beam produces consistent results with the standards and has been setfor all readings taken onsite.QAQC protocols are in place that insert industry prepared standards fromOREAS into assay batches that are matrix matched and includes low,medium and high-level known values for Ci, Ni and precious metals. Blanksand field duplicates (quarter core) are also inserted into the sample string.All batches, assay or pXRF have a QAQC report prepared and sent to the

Criteria JORC Code explanation Commentary
logging geologist to confirm that the results are within acceptableparameters before the batch is loaded into the database.
The standards being used indicate that the batches received to date arewithin tolerances and the results are appropriate for exploration and initialresource estimation evaluation
Verification ofsampling andassaying The verification of significant intersections by eitherindependent or alternative company personnel.The use of twinned holes. The results are loaded and verified by the companies databaseadministrator before being reviewed and validated by the CompaniesCompetent Person.
Documentation of primary data, data entry procedures,data verification, data storage (physical and electronic)protocols. No twinned holes have been drilledData is collected directly onto computers or tablets in the field before beingsent to the database administrator for loading. The database administrator
Discuss any adjustment to assay data. uses validation protocols to ensure that the data loaded is correct.No corrections or adjustments have been made to assay data
Location ofdata points Accuracy and quality of surveys used to locate drill holes(collar and down-hole surveys), trenches, mine workingsand other locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control. Drill holes were located using a hand-held GPS with accuracy of ~4mData location is recorded in WGS84-UTM Zone 50 south.Topographic control from DEM prepared by geophysical consultants
Data spacinganddistribution Data spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient toestablish the degree of geological and grade continuityappropriate for the Mineral Resource and Ore Reserveestimation procedure(s) and classifications applied. Drilling is not located on any particular grid at this time and is designed totest the centre of geophysical anomaliesThere is insufficient drilling to utilise for a mineral resource at this point intimeNo sample compositing has been undertaken
Criteria JORC Code explanation Commentary
Whether sample compositing has been applied.
Orientation ofdata inrelation togeologicalstructure Whether the orientation of sampling achieves unbiasedsampling of possible structures and the extent to which thisis known, considering the deposit type.If the relationship between the drilling orientation and theorientation of key mineralised structures is considered tohave introduced a sampling bias, this should be assessedand reported if material. Drilling is oriented perpendicular to modelled EM plate targetsInsufficient information available to determine if there is a relationshipbetween drilling orientation and mineralisation
Samplesecurity The measures taken to ensure sample security. Samples were taken from site directly to the laboratory by an employee ofPursuit Minerals
Audits orreviews The results of any audits or reviews of sampling techniquesand data. An audit of assay data has been undertaken by two geochemicalconsultants

1.2 Section 2 Reporting of Exploration Results

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

Criteria JORC Code explanation Commentary
Mineraltenement andland tenurestatus Type, reference name/number, location and ownershipincluding agreements or material issues with third partiessuch as joint ventures, partnerships, overriding royalties,native title interests, historical sites, wilderness or nationalpark and environmental settings. Drilling is on E 70/5379 which is held by Pursuit Exploration Pty Ltd a100% subsidiary of Pursuit Minerals and is in good standing
The security of the tenure held at the time of reporting alongwith any known impediments to obtaining a licence tooperate in the area.
Criteria JORC Code explanation Commentary
Explorationdone by otherparties Acknowledgment and appraisal of exploration by otherparties. June, 1997, Kevron completed a MAG/RAD/DEM survey for StockdaleProspecting Ltd. The survey was acquired with line spacing of 250 m,line orientation of 000/180° and a mean terrain clearance of 60 m.(MAGIX ID - 1164)
June 2003, UTS Geophysics completed a MAG/RAD/DEM survey forGeoscience Australia. The survey was acquired with line spacing of400 m, line orientation of 000/180° and a mean terrain clearance of60 m.
November, 2010, Fugro Airborne Surveys completed aMAG/RAD/DEM survey for Brendon Bradley. The survey was acquiredwith line spacing of 50 m, line orientation of 090/270° and a meanterrain clearance of 35 m. (MAGIX ID - 3288)
Dominion Mining Limited undertook auger sampling on the project in2010. The results of this work are summarised in the ASXannouncement. Further details can be obtained by accessing WAMEXReport a86032 at:https://geoview.dmp.wa.gov.au/geoview/?Viewer=GeoVIEW&layerTheme
Kingsgate Consolidated Limited undertook aircore drilling within thearea of Calingiri East Tenement Application in 2011. The results of thiswork are summarised in the ASX announcement. Further details canbe obtained by accessing WAMEX Report a89716 at:https://geoview.dmp.wa.gov.au/geoview/?Viewer=GeoVIEW&layerTheme=
Poseidon N.L. undertook auger soil sampling and rock chip samplingwithin the area of Bindi Bindi Tenement Application in 1968. Theresults of this work are summarised in the ASX announcement.

Criteria JORC Code explanation Commentary
Further details can be obtained by accessing WAMEX Report a7292 at:https://geoview.dmp.wa.gov.au/geoview/?Viewer=GeoVIEW&layerTheme
Washington Resources Limited undertook rock chip sampling withinthe area of Bindi Bindi Tenement Application in 2008. The results ofthis work are summarised in the ASX announcement. Further detailscan be obtained by accessing WAMEX Report a82005 at:https://geoview.dmp.wa.gov.au/geoview/?Viewer=GeoVIEW&layerTheme
Magnetic Resources Limited undertook aircore and RC drilling withinthe area of Wubin Exploration Licence in 2010. The results of thiswork are summarised in the ASX announcement. Further details canbe obtained by accessing WAMEX Reports a91440 and a84500 at:
https://geoview.dmp.wa.gov.au/geoview/?Viewer=GeoVIEW&layerTheme
Geology Deposit type, geological setting and style of mineralisation. The western margin of the Archean Yilgarn Craton is highlyprospective for Platinum Group Elements ("PGE") and Nickel (Ni) –Copper (Cu) mineralisation associated with intrusive mafic toultramafic rocks. The discovery of PGE-Ni-Cu mineralisation at theJulimar Project held by Chalice Gold Mines Limited (see Chalice GoldMines ASX Announcement 23 March 2020), is the first significant PGENi-Cu discovery in the region which previously only had early-stageindications of mineralisation (Yarawindah, Bindi-Bindi). Increasingly itis becoming apparent that prospective ultramafic-mafic intrusions arefar more widespread than previously thought throughout the westernmargin of the Yilgarn Craton. The project area is located within the

Criteria JORC Code explanation Commentary
>3Ga age Western Gneiss Terrane of the Archean Yilgarn Block, whichcomprises a strongly deformed belt of gneisses, schists, quartzites,Banded Iron Formation, intruded by mafic to ultramafic rocks. Theterrane is up to 70km wide, and possibly wider, and is bounded to thewest of the Darling Fault and younger Archean rocks to the east. Thegeneral geological strike in northwest. The bedrock Archeanmetasedimentary gneisses, migmatites and intrusive mafic andultramafic rocks occur in structurally complex settings. Dolerite dykesof Proterozoic age are widespread. Outcrops are rare and thebasement geology is largely obscured by lateritic ironstones and deepsaprolitic weathering.
Drill holeInformation A summary of all information material to the understandingof the exploration results including a tabulation of thefollowing information for all Material drill holes:easting and northing of the drill hole collaroelevation or RL (Reduced Level – elevation above sea leveloin metres) of the drill hole collardip and azimuth of the holeodown hole length and interception depthoohole length.If the exclusion of this information is justified on the basisthat the information is not Material and this exclusion doesnot detract from the understanding of the report, the A table of drill hole locations has been previously reportedAll assay results are reported in Appendix 1 of this release
Criteria JORC Code explanation Commentary
Dataaggregationmethods In reporting Exploration Results, weighting averagingtechniques, maximum and/or minimum grade truncations(e.g. cutting of high grades) and cut-off grades are usuallyMaterial and should be stated.Where aggregate intercepts incorporate short lengths ofhigh grade results and longer lengths of low grade results,the procedure used for such aggregation should be statedand some typical examples of such aggregations should beshown in detail.The assumptions used for any reporting of metal equivalentvalues should be clearly stated. All assay results are reported in Appendix 1 of this releaseSample intervals have been chosen on the basis of geological domainsand intervals vary from 0.1m to 1.0mNo metal equivalents are quotedIntervals reported are calculated as length weighted averages using acut off of 1.5 g/t Ag with internal dilution of up to 1m of below 1.5 g/tAg
Relationshipbetweenmineralisationwidths andinterceptlengths These relationships are particularly important in thereporting of Exploration Results.If the geometry of the mineralisation with respect to the drillhole angle is known, its nature should be reported.If it is not known and only the down hole lengths arereported, there should be a clear statement to this effect(e.g. 'down hole length, true width not known'). Only downhole widths are reported at this early stage of explorationTrue widths of mineralisation are not known at this stage
Diagrams Appropriate maps and sections (with scales) and tabulationsof intercepts should be included for any significant discoverybeing reported These should include, but not be limited to aplan view of drill hole collar locations and appropriatesectional views. Refer to figures in the body of text.
Balancedreporting Where comprehensive reporting of all Exploration Results isnot practicable, representative reporting of both low andhigh grades and/or widths should be practiced to avoid All assay results are reported in Appendix 1 of this release
Criteria JORC Code explanation Commentary
misleading reporting of Exploration Results.
Othersubstantiveexplorationdata Other exploration data, if meaningful and material, shouldbe reported including (but not limited to): geologicalobservations; geophysical survey results; geochemical surveyresults; bulk samples – size and method of treatment;metallurgical test results; bulk density, groundwater,geotechnical and rock characteristics; potential deleteriousor contaminating substances. All exploration data at the prospect has previously been reported
Further work The nature and scale of planned further work (e.g. tests forlateral extensions or depth extensions or large-scale step-outdrilling).Diagrams clearly highlighting the areas of possibleextensions, including the main geological interpretations andfuture drilling areas, provided this information is notcommercially sensitive. Additional drillholes are planned with DHEM follow up of holes drilledto date to ensure conductive bodies have not been missedConsultant geochemists, petrologists and structural geologists will beengaged to review mineralised zones identified by the company