RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2023

Jul 11, 2023

ASX ANNOUNCEMENT

12 July 2023

RED MOUNTAIN MINING LTD

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Thick High Grade Lithium Discovery From Near Surface at Mustang

HIGHLIGHTS

• Confirmation of high grade lithium claystone intersected in 8 out of 10 drillholes at RMX’s 100% owned Mustang Lithium Project, Nevada, U.S.A.

• Majority of drillholes encountering thick, consistent lithium mineralisation from or near surface

• Fast-tracked lithium assay results include:

• RMDH-1: 48.77 metres @ 687ppm Li from 3.05 metres

• RMDH-2: 30.50 metres @ 629ppm Li from surface (0 metres)

• **RMDH-3: 30.50 metres @ 608ppm Li from 4.6 metres ***

• RMDH-4: 28.96 metres @ 564ppm Li from 4.5 metres

  • including 3.05 metres @ 690ppm Li from 30.5 metres

• RMDH-6: 32.00 metres @ 639ppm Li from 6.1 metres

• RMDH-7: 29.00 metres @ 600ppm Li from 1.5 metres

• RMDH-9: 29.00 metres @ 642ppm Li from surface (0 metres)

• RMDH-14: 21.30 metres @ 488ppm Li from 83.8 metres

  • including 4.6 metres @ 627ppm Li from 88.5 metres

  • including 1.53 metres @ 722ppm Li from 103.7 metres

• Strike distance of lithium mineralisation to date reaching ~1500 metres

• Highly successful outcome from maiden drilling program targeting greenfields nature of the Mustang property

• Phase 2 drilling program now strategically planned to further test lithium potential at Mustang and to commence building maiden JORC resource

• Samples from RMX’s 100% owned Lithic Lithium Project currently pending from American Assay Laboratories, with upcoming drill targets to be determined

1

1 Refer to RMX announcement dated 1st February 2023

*Note for RMDH-3, sample 55’-60’ was not received by American Assay Laboratories

Red Mountain Mining Limited (“ RMX ” or the “ Company ”) is pleased to advise that fast-tracked assay results have confirmed the discovery of lithium bearing claystone from its Phase 1 drilling campaign at its 100% owned Mustang Lithium Project in Nevada, U.S.A.

The recently completed maiden reverse circulation (RC) program at Mustang has successfully provided confirmation of lithium discovery from initial surface sampling in February 2023[1] . Significant thick high-grade lithium claystone was intersected in eight (8) out of ten (10) drill holes at the greenfields tenure of Mustang (see Figure 1) , with seven (7) holes intersecting high-grade lithium from or near surface.

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Figure 1. RMX’s 100% Mustang Lithium Project. Note project location & greenfields nature of tenure

Significant intercepts from the maiden drill program include:

• RMDH-1: 48.77 metres @ 687ppm Li from 3.05 metres

• • RMDH-2: 30.50 metres @ 629ppm Li from surface (0 metres)

• **RMDH-3: 30.50 metres @ 608ppm Li from 4.6 metres ***

• • RMDH-4: 28.96 metres @ 564ppm Li from 4.5 metres

• including 3.05 metres @ 690ppm Li from 30.5 metres

• RMDH-6: 32.00 metres @ 639ppm Li from 6.1 metres

• RMDH-7: 29.00 metres @ 600ppm Li from 1.5 metres

• RMDH-9: 29.00 metres @ 642ppm Li from surface (0 metres)

• • RMDH-14: 21.30 metres @ 488ppm Li from 83.8 metres

• including 4.6 metres @ 627ppm Li from 88.5 metres

• including 1.53 metres @ 722ppm Li from 103.7 metres

Note: RMDH-5, RMDH-8 and RMDH-10 were not drilled and will be evaluated for potential drilling in phase 2 campaign

2

*Note for RMDH-3, sample 55’-60’ was not received by American Assay Laboratories

The Company is particularly pleased with results from the three most northern drillholes ( RMDH-1, RMDH-2 and RMDH-9 ), with respective assay results revealing thick high grade consistent lithium mineralisation from (or near) surface (see Figure 2). The intercepts remain open to the north and north-west, and provide ample confidence for the Company to proceed with phase 2 drilling. Table 1 provides a summary of the drill holes completed. Appendix 1 provides a full summary of the associated lithium assay results.

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Figure 2 : Assay results from Phase 1 drill program. Note 7 of 10 holes intersected lithium mineralisation from or near surface

		Tab	le 1. RC drill holes completed at Red		Mountain’s Must	ang Lithium Project. All	drill holes vertical(-90), Datum: WGS84
Hole ID	Easting	Northing	Elevation(m)	Depth(ft)	Depth(m)	Claystone Depth(ft)	Claystone Depth (m)	Observations
RMDH-1	432717	4234276	1665	200.00	61.00	200.00	61.00	Clay and siltstone, angular lithic fragments <1mm observed with depth. Generally this material to 184'
RMDH-2	432909	4234311	1665	154.10	47.00	154.10	47.00	Clay and silt, mostly clays to 155'
RMDH-3	433030	4233982	1670	150.82	46.00	121.00	36.91	Claystone/siltstone to 121-122' Appears mostly as clay.
RMDH-4	433181	4233633	1677	173.77	53.00	155.08	47.30	Clays/silt to 155'
RMDH-6	433318	4233745	1675	329.51	100.50	155.08	47.30	Clay/silt to 155'
RMDH-7	433530	4233916	1670	329.51	100.50	175.08	53.40	Clay/silt to 175'
RMDH-9	433171	4234469	1664	329.51	100.50	160.00	48.80	Clay to 160'
RMDH-11	433917	4233242	1675	298.36	91.00	0.00	0.00	Basaltic and tuffaceous gravels entire hole
RMDH-12	433461	4233407	1683	160.66	49.00	9.84	3.00	Clayey sands to ~100' mostly fine to medium sand.
RMDH-14	433371	4232913	1682	370.49	113.00	245	75	Alternating beds of clay and sand/gravels. TD in clay,drill very plugged up.

3

Red Mountain Chairman Troy Flannery commented:

“We are very excited to have received such consistency in lithium mineralisation results from a maiden drilling campaign targeting an interpreted greenfields prospect. This provides Red Mountain with plenty of confidence going forward as we aim to progress phase 2 drilling targeting the areas further north of our ground, to expand our findings and commence building a lithium resource.”

Next Steps for Red Mountain

The Company is eager to progress phase 2 drilling at Mustang to further test the lithium mineralisation potential. Further, Red Mountain is awaiting surface sampling results from the Lithic Lithium Prospect. Given the impressive assay results received to date, the Company intends to fast track sampling results to improve efficiency with the intention to expedite the second phase of the exploration program. Once assays on samples are received, targets for drilling will be determined and relevant drilling permit applications will be lodged to the Nevada Bureau of Land Management. Red Mountain shall provide updates on progress of activities when required.

Authorised for and on behalf of the Board,

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Mauro Piccini

Company Secretary

4

Why Lithium, Why Nevada?

Lithium is considered a critical mineral around the globe as a result of a number of factors playing into importance, including:

• Macroeconomic Factors – Favourable short, medium, and long-term market fundamentals.

• Environmental Factors – Lithium is an indispensable component of electric vehicle batteries and other energy storage solutions required to achieve an electrified and clean energy future.

• Policy Factors – A global policy initiative transitioning to a clean energy future. The United States, in particular Nevada, is a Tier-1 mining jurisdiction due to the following reasons:

• Mining Friendly – Nevada was ranked the top jurisdiction for mining according to the Fraser Institute 2020 annual survey.

• Geological Setting – Nevada hosts the world’s largest known lithium deposits including:

• Defence Production Act – The USA has recently invoked the Defence Production Act in an effort to encourage and secure domestic production of battery materials.

• Offtake Partners – Close proximity to gigafactories and manufacturers with substantial lithium supply requirements.

• Security – Nevada enjoys a legal framework characterized by clear laws and reliable enforcement.

• Policy – In the United States there is bipartisan support and funding for promoting clean energy and fostering clean energy investment.

• Minimal Outlays – Nevada has no minimum annual expenditure requirements.

Mustang Lithium Project (Nevada, USA)

Mustang is located on the on the south-eastern flank of the hydrologically closed Monte Cristo Valley, 9 km south of Belmont Resources Kibby Lake project, and 40km east of American Lithium’s TLC deposit.

The Mustang project comprises 140 claims (1,070 ha) of a generally flay alluvial outwash plane with well exposed fines-dominant sediments and lithic tuffs. The outcrops are finely laminated mudstone beds and volcanic tuff and ash layers. This mixed unit of lacustrine sedimentary beds with minor volcanics is similar to host rocks found at American Lithium’s TLC deposit and Cypress’ Clayton Valley deposit. This claim area is within a mapped caldera with the Monte Cristo Valley containing a significant area of volcanic rock capable of supplying lithium to the closed basin. Andesite and basalt flows are exposed in all directions within 2-6km of the project in erosional windows through the alluvium.

About Red Mountain Mining

Red Mountain Mining Limited is an ASX-listed (ASX: RMX) mineral exploration and development company. Red Mountain has a portfolio of critical minerals including lithium, rare earth and base metal projects, located in the USA and Australia. The Company’s flagship project is based in Nevada USA, which is prospective for lithium claystone mineralisaton. The Company’s other projects include the Monjebup Rare Earths Project, the Koonenberry Gold Project and the Mt Maitland base metals project.

5

Competent Persons Statement

The information in this announcement that relates to Exploration Results and other technical information complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). It has been compiled and assessed under the supervision of Mr Mark Mitchell, Independent consulting geologist. Mr Mitchell is a Member of the Australasian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Mitchell consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

6

Appendix 1: RC drill results for Mustang Lithium project, Nevada, U.S.A. Analysis was completed at American Assay Laboratories, Sparks, Nevada, U.S.A. using . IO-4AB-10 ICP/OES with a 4 Acid Boric acid finish for 10 elements

Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-1	0	5	0	1.525	-0.3	27	38614	13	33090	-0.5	388	16	-2	66
RMDH-1	5	10	1.525	3.05	-0.3	35	36837	16	33612	-0.5	379	17	-2	67
RMDH-1	10	15	3.05	4.575	-0.3	38	37260	14	33527	-0.5	529	16	-2	67
RMDH-1	15	20	4.575	6.1	-0.3	65	30298	19	36293	-0.5	773	14	-2	79
RMDH-1	20	25	6.1	7.625	-0.3	69	31722	21	37659	-0.5	785	13	-2	81
RMDH-1	25	30	7.625	9.15	-0.3	60	29456	19	36401	-0.5	814	13	-2	78
RMDH-1	30	35	9.15	10.675	-0.3	38	30962	23	37794	-0.5	741	15	-2	79
RMDH-1	35	40	10.675	12.2	-0.3	41	30718	19	37617	-0.5	746	14	-2	79
RMDH-1	40	45	12.2	13.725	-0.3	27	37276	23	36658	-0.5	674	13	-2	77
RMDH-1	45	50	13.725	15.25	-0.3	29	46982	23	32373	-0.5	609	12	-2	69
RMDH-1	50	55	15.25	16.775	-0.3	35	38454	23	37770	-0.5	670	14	-2	78
RMDH-1	55	60	16.775	18.3	-0.3	37	35094	23	38740	-0.5	736	18	-2	83
RMDH-1	60	65	18.3	19.825	-0.3	36	31044	21	37688	-0.5	740	15	-2	79
RMDH-1	65	70	19.825	21.35	-0.3	27	33655	21	36651	-0.5	655	13	-2	77
RMDH-1	70	75	21.35	22.875	-0.3	26	35203	21	33397	-0.5	634	12	-2	71
RMDH-1	75	80	22.875	24.4	-0.3	29	35728	21	37461	-0.5	678	14	-2	78
RMDH-1	80	85	24.4	25.925	-0.3	31	31530	26	38873	-0.5	679	13	-2	80
RMDH-1	85	90	25.925	27.45	-0.3	32	34336	25	39114	-0.5	750	14	-2	80
RMDH-1	90	95	27.45	28.975	-0.3	38	32064	22	36790	-0.5	803	14	-2	75
RMDH-1	95	100	28.975	30.5	-0.3	42	45450	19	31984	0.6	630	13	-2	70
RMDH-1	100	105	30.5	32.025	-0.3	47	37885	26	38443	-0.5	704	15	-2	78
RMDH-1	105	110	32.025	33.55	-0.3	45	45602	20	38696	-0.5	630	13	-2	79
RMDH-1	110	115	33.55	35.075	-0.3	49	37948	23	38832	0.6	659	14	-2	80
RMDH-1	115	120	35.075	36.6	-0.3	56	39162	26	39628	-0.5	638	14	-2	81
RMDH-1	120	125	36.6	38.125	-0.3	56	40047	24	39303	-0.5	605	14	-2	78
RMDH-1	125	130	38.125	39.65	-0.3	48	42542	24	39878	-0.5	631	15	-2	79
RMDH-1	130	135	39.65	41.175	-0.3	56	39676	30	38664	0.5	641	15	-2	77
RMDH-1	135	140	41.175	42.7	-0.3	53	44079	23	37336	0.5	623	15	-2	74
RMDH-1	140	145	42.7	44.225	-0.3	44	64629	18	31733	-0.5	760	13	-2	59

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Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-1	145	150	44.225	45.75	-0.3	39	44476	10	28412	-0.5	814	11	-2	51
RMDH-1	150	155	45.75	47.275	-0.3	21	49105	10	27208	-0.5	805	12	-2	50
RMDH-1	155	160	47.275	48.8	-0.3	26	53500	17	30781	-0.5	633	12	-2	57
RMDH-1	160	165	48.8	50.325	-0.3	28	56639	19	29182	-0.5	622	11	3	54
RMDH-1	165	170	50.325	51.85	-0.3	31	51696	20	31839	-0.5	572	12	-2	62
RMDH-1	170	175	51.85	53.375	-0.3	14	40593	12	28398	0.6	376	13	-2	65
RMDH-1	175	180	53.375	54.9	-0.3	15	44250	15	30523	-0.5	376	12	2	60
RMDH-1	180	185	54.9	56.425	-0.3	23	29239	20	41256	-0.5	185	13	-2	76
RMDH-1	185	190	56.425	57.95	-0.3	9	38442	15	43240	-0.5	164	16	-2	75
RMDH-1	190	195	57.95	59.475	-0.3	11	52447	12	50699	0.7	85	11	-2	77
RMDH-1	195	200	59.475	61	-0.3	10	56488	13	53307	0.8	72	11	-2	78
RMDH-2	0	5	0	1.525	-0.3	27	41994	17	34592	0.5	589	14	-2	74
RMDH-2	5	10	1.525	3.05	-0.3	25	41274	18	34677	0.6	594	14	-2	76
RMDH-2	10	15	3.05	4.575	-0.3	30	42793	20	33998	-0.5	593	12	-2	75
RMDH-2	15	20	4.575	6.1	-0.3	25	42065	25	38696	-0.5	778	13	-2	83
RMDH-2	20	25	6.1	7.625	-0.3	21	41855	24	35334	-0.5	739	13	-2	76
RMDH-2	25	30	7.625	9.15	-0.3	26	52561	21	35980	-0.5	773	16	-2	78
RMDH-2	30	35	9.15	10.675	-0.3	31	35994	23	37689	-0.5	729	15	-2	81
RMDH-2	35	40	10.675	12.2	-0.3	39	43875	26	38229	-0.5	621	14	-2	81
RMDH-2	40	45	12.2	13.725	-0.3	39	39953	25	37824	-0.5	589	14	-2	82
RMDH-2	45	50	13.725	15.25	-0.3	41	36615	24	37383	-0.5	581	14	-2	81
RMDH-2	50	55	15.25	16.775	-0.3	38	42666	23	36730	-0.5	595	14	-2	77
RMDH-2	55	60	16.775	18.3	-0.3	42	38402	25	37054	-0.5	603	13	-2	79
RMDH-2	60	65	18.3	19.825	-0.3	38	39750	23	36097	0.6	606	15	-2	76
RMDH-2	65	70	19.825	21.35	-0.3	28	37688	13	31023	0.5	622	17	-2	66
RMDH-2	70	75	21.35	22.875	-0.3	22	45513	15	31791	0.8	535	13	-2	64
RMDH-2	75	80	22.875	24.4	-0.3	32	64527	14	30578	-0.5	574	13	-2	60
RMDH-2	80	85	24.4	25.925	-0.3	34	73125	15	28118	-0.5	694	13	-2	55
RMDH-2	85	90	25.925	27.45	-0.3	29	44519	12	28316	-0.5	618	14	-2	61
RMDH-2	90	95	27.45	28.975	-0.3	20	51991	13	27827	-0.5	611	13	-2	59
RMDH-2	95	100	28.975	30.5	-0.3	38	36856	22	34544	-0.5	545	14	-2	74
RMDH-2	100	105	30.5	32.025	-0.3	32	19907	26	36902	-0.5	407	14	-2	84
RMDH-2	105	110	32.025	33.55	-0.3	14	43769	15	44880	0.6	148	11	-2	79
RMDH-2	110	115	33.55	35.075	-0.3	6	52715	10	47894	-0.5	77	10	-2	77

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Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-2	115	120	35.075	36.6	-0.3	11	50277	10	47968	-0.5	73	20	-2	74
RMDH-2	120	125	36.6	38.125	-0.3	8	51805	14	48707	-0.5	71	10	-2	77
RMDH-3	0	5	0	1.525	-0.3	25	43612	8	36162	-0.5	123	15	-2	71
RMDH-3	5	10	1.525	3.05	-0.3	22	43981	9	36153	-0.5	134	15	-2	71
RMDH-3	10	15	3.05	4.575	-0.3	22	44938	10	36454	-0.5	129	15	-2	72
RMDH-3	15	20	4.575	6.1	-0.3	25	35723	17	35997	-0.5	742	16	-2	81
RMDH-3	20	25	6.1	7.625	-0.3	28	32737	21	38248	-0.5	838	16	-2	85
RMDH-3	25	30	7.625	9.15	-0.3	23	34562	22	39967	-0.5	776	14	-2	88
RMDH-3	30	35	9.15	10.675	-0.3	25	47434	22	38789	-0.5	758	15	-2	83
RMDH-3	35	40	10.675	12.2	-0.3	37	35269	25	40656	-0.5	743	19	-2	89
RMDH-3	40	45	12.2	13.725	-0.3	35	34386	25	41004	-0.5	702	17	-2	87
RMDH-3	45	50	13.725	15.25	-0.3	28	29736	23	37696	-0.5	607	14	-2	81
RMDH-3	50	55	15.25	16.775	-0.3	28	35092	21	37473	-0.5	588	18	-2	81
RMDH-3	55	60	16.775	18.3	SNR	SNR	SNR	SNR	SNR	SNR	SNR	SNR	SNR	SNR
RMDH-3	60	65	18.3	19.825	-0.3	23	36278	16	36938	-0.5	640	18	-2	77
RMDH-3	65	70	19.825	21.35	-0.3	21	37300	15	33763	-0.5	568	18	-2	73
RMDH-3	70	75	21.35	22.875	-0.3	23	44492	19	37514	0.6	612	16	-2	79
RMDH-3	75	80	22.875	24.4	-0.3	30	40331	21	39253	-0.5	508	15	-2	82
RMDH-3	80	85	24.4	25.925	-0.3	29	39875	21	38453	-0.5	495	16	-2	80
RMDH-3	85	90	25.925	27.45	-0.3	25	36768	18	38026	-0.5	501	17	-2	80
RMDH-3	90	95	27.45	28.975	-0.3	27	37844	20	37355	0.6	516	17	-2	77
RMDH-3	95	100	28.975	30.5	-0.3	26	43353	21	37130	-0.5	378	36	-2	75
RMDH-3	100	105	30.5	32.025	-0.3	28	40178	22	35811	-0.5	628	13	-2	74
RMDH-3	105	110	32.025	33.55	-0.3	16	68283	17	31179	-0.5	389	12	-2	65
RMDH-3	110	115	33.55	35.075	-0.3	18	40613	16	32305	-0.5	568	13	-2	64
RMDH-3	115	120	35.075	36.6	-0.3	15	31282	6	29016	0.6	223	16	-2	56
RMDH-3	120	125	36.6	38.125	-0.3	15	18521	20	38710	-0.5	260	15	-2	82
RMDH-3	125	130	38.125	39.65	-0.3	12	33316	20	43691	0.6	164	13	-2	85
RMDH-3	130	135	39.65	41.175	-0.3	10	44116	16	49269	-0.5	97	11	-2	84
RMDH-3	135	140	41.175	42.7	-0.3	7	53174	16	51873	-0.5	84	10	-2	81
RMDH-3	140	145	42.7	44.225	-0.3	6	53560	9	51192	0.7	70	11	-2	76
RMDH-3	145	150	44.225	45.75	-0.3	9	50375	11	49176	-0.5	74	10	-2	78
RMDH-4	0	5	0	1.525	-0.3	27	32910	16	31483	-0.5	189	17	-2	64
RMDH-4	5	10	1.525	3.05	-0.3	26	32852	7	30783	-0.5	156	16	-2	62

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Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-4	10	15	3.05	4.575	-0.3	25	32323	4	30400	0.5	155	18	-2	62
RMDH-4	15	20	4.575	6.1	-0.3	25	33625	16	37336	0.6	501	15	-2	78
RMDH-4	20	25	6.1	7.625	-0.3	26	29658	24	37623	-0.5	678	16	-2	83
RMDH-4	25	30	7.625	9.15	-0.3	26	32275	18	36007	0.8	678	16	-2	77
RMDH-4	30	35	9.15	10.675	-0.3	25	31699	14	33912	-0.5	678	14	-2	77
RMDH-4	35	40	10.675	12.2	-0.3	34	34377	18	36849	-0.5	666	15	-2	80
RMDH-4	40	45	12.2	13.725	-0.3	48	31955	23	38466	0.6	661	15	-2	85
RMDH-4	45	50	13.725	15.25	-0.3	38	34615	20	36716	-0.5	615	14	-2	83
RMDH-4	50	55	15.25	16.775	-0.3	41	32140	23	37965	-0.5	658	14	-2	86
RMDH-4	55	60	16.775	18.3	-0.3	39	32518	21	37238	0.8	645	15	-2	83
RMDH-4	60	65	18.3	19.825	-0.3	34	32473	18	35717	-0.5	571	15	-2	78
RMDH-4	65	70	19.825	21.35	-0.3	38	34190	21	35894	-0.5	626	15	-2	76
RMDH-4	70	75	21.35	22.875	-0.3	23	34553	17	32068	-0.5	639	15	-2	71
RMDH-4	75	80	22.875	24.4	-0.3	19	39792	16	32835	-0.5	376	15	-2	68
RMDH-4	80	85	24.4	25.925	-0.3	27	37425	15	32128	-0.5	348	16	-2	68
RMDH-4	85	90	25.925	27.45	-0.3	35	37778	21	35458	0.6	387	16	-2	74
RMDH-4	90	95	27.45	28.975	-0.3	23	38161	16	33985	0.9	331	16	-2	71
RMDH-4	95	100	28.975	30.5	-0.3	23	34105	13	31286	0.9	291	15	-2	69
RMDH-4	100	105	30.5	32.025	-0.3	25	37614	18	30632	-0.5	580	15	-2	66
RMDH-4	105	110	32.025	33.55	-0.3	33	33583	24	36648	-0.5	799	14	-2	84
RMDH-4	110	115	33.55	35.075	-0.3	40	27349	25	36695	-0.5	337	16	-2	82
RMDH-4	115	120	35.075	36.6	-0.3	50	33920	27	38608	0.6	333	16	-2	88
RMDH-4	120	125	36.6	38.125	-0.3	42	31036	27	39797	-0.5	378	17	-2	91
RMDH-4	125	130	38.125	39.65	-0.3	44	28284	26	38354	0.7	374	18	-2	93
RMDH-4	130	135	39.65	41.175	-0.3	40	27117	22	37376	0.9	350	17	-2	87
RMDH-4	135	140	41.175	42.7	-0.3	37	30645	25	37456	0.6	327	16	-2	86
RMDH-4	140	145	42.7	44.225	-0.3	28	28063	23	38013	-0.5	302	16	-2	86
RMDH-4	145	150	44.225	45.75	-0.3	27	32593	20	35822	-0.5	331	16	-2	80
RMDH-4	150	155	45.75	47.275	-0.3	24	21001	21	36531	0.7	260	16	-2	84
RMDH-4	155	160	47.275	48.8	-0.3	13	27480	44	39606	-0.5	198	15	-2	81
RMDH-4	160	165	48.8	50.325	-0.3	13	38508	18	39471	-0.5	126	12	-2	83
RMDH-4	165	170	50.325	51.85	-0.3	5	35904	10	37649	0.8	128	12	-2	76
RMDH-4	170	175	51.85	53.375	-0.3	15	35259	4	34943	-0.5	95	15	-2	76
RMDH-6	0	5	0	1.525	-0.3	24	37548	17	35184	-0.5	216	16	-2	66

10

Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-6	5	10	1.525	3.05	-0.3	30	38923	14	36692	0.5	201	19	-2	71
RMDH-6	10	15	3.05	4.575	-0.3	23	39261	11	35627	0.5	211	16	-2	70
RMDH-6	15	20	4.575	6.1	-0.3	26	38455	14	37570	0.6	394	15	-2	78
RMDH-6	20	25	6.1	7.625	-0.3	34	32613	19	38320	0.6	761	13	-2	82
RMDH-6	25	30	7.625	9.15	-0.3	34	33588	21	38456	0.7	940	14	-2	82
RMDH-6	30	35	9.15	10.675	-0.3	32	34864	23	38008	0.5	776	14	-2	81
RMDH-6	35	40	10.675	12.2	-0.3	37	35224	28	38820	0.6	763	14	-2	82
RMDH-6	40	45	12.2	13.725	-0.3	31	36255	22	40062	0.7	714	14	-2	85
RMDH-6	45	50	13.725	15.25	-0.3	32	33723	22	38143	1.1	641	14	-2	82
RMDH-6	50	55	15.25	16.775	-0.3	35	35317	22	35766	-0.5	602	14	-2	75
RMDH-6	55	60	16.775	18.3	-0.3	26	39194	13	36353	0.9	598	17	-2	78
RMDH-6	60	65	18.3	19.825	-0.3	30	36107	17	37137	-0.5	659	16	-2	76
RMDH-6	65	70	19.825	21.35	-0.3	24	36521	17	37187	0.6	656	15	-2	77
RMDH-6	70	75	21.35	22.875	-0.3	27	40838	18	38552	0.8	715	15	-2	79
RMDH-6	75	80	22.875	24.4	-0.3	23	43146	17	36729	0.7	702	14	-2	77
RMDH-6	80	85	24.4	25.925	-0.3	23	41768	17	37900	0.6	615	15	-2	77
RMDH-6	85	90	25.925	27.45	-0.3	19	43146	20	36698	0.6	579	14	-2	78
RMDH-6	90	95	27.45	28.975	-0.3	20	38943	21	36693	-0.5	567	14	-2	77
RMDH-6	95	100	28.975	30.5	-0.3	22	36767	22	39273	0.6	549	15	-2	81
RMDH-6	100	105	30.5	32.025	-0.3	22	37811	20	38627	-0.5	568	15	-2	80
RMDH-6	105	110	32.025	33.55	-0.3	20	35971	21	37544	0.8	396	14	-2	77
RMDH-6	110	115	33.55	35.075	-0.3	21	39961	18	37678	-0.5	394	14	-2	77
RMDH-6	115	120	35.075	36.6	-0.3	14	41377	23	37614	0.6	590	16	-2	77
RMDH-6	120	125	36.6	38.125	-0.3	23	38306	20	36472	0.5	594	16	-2	75
RMDH-6	125	130	38.125	39.65	-0.3	19	36704	17	34840	0.9	329	15	-2	68
RMDH-6	130	135	39.65	41.175	-0.3	32	47390	29	37863	-0.5	310	14	-2	75
RMDH-6	135	140	41.175	42.7	-0.3	32	42246	25	36857	0.6	296	14	-2	76
RMDH-6	140	145	42.7	44.225	-0.3	28	38831	18	34900	0.9	254	16	-2	71
RMDH-6	145	150	44.225	45.75	-0.3	33	47985	21	33403	-0.5	298	15	-2	69
RMDH-6	150	155	45.75	47.275	-0.3	38	48093	18	32359	0.5	303	14	-2	67
RMDH-6	155	160	47.275	48.8	-0.3	41	32845	23	39640	-0.5	318	16	-2	85
RMDH-6	160	165	48.8	50.325	-0.3	35	31249	25	39101	0.7	322	15	-2	85
RMDH-6	165	170	50.325	51.85	-0.3	32	21946	23	40179	0.7	269	14	-2	85
RMDH-6	170	175	51.85	53.375	-0.3	12	24999	19	40002	0.5	168	16	-2	84

11

Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-6	175	180	53.375	54.9	-0.3	7	32653	10	36387	1.0	100	14	-2	77
RMDH-6	180	185	54.9	56.425	-0.3	8	42799	7	40992	1.2	73	11	-2	75
RMDH-6	185	190	56.425	57.95	-0.3	7	41892	7	41593	0.8	72	10	-2	74
RMDH-6	190	195	57.95	59.475	-0.3	15	47561	13	43721	0.7	69	13	-2	77
RMDH-6	195	200	59.475	61	-0.3	12	38991	13	42548	1.0	89	11	-2	80
RMDH-6	200	205	61	62.525	-0.3	4	43719	21	41345	0.7	72	11	-2	77
RMDH-6	205	210	62.525	64.05	-0.3	12	53702	13	48901	0.7	78	9	-2	73
RMDH-6	210	215	64.05	65.575	-0.3	5	46639	7	43862	0.7	73	11	-2	74
RMDH-6	215	220	65.575	67.1	-0.3	12	38283	7	38258	0.7	72	13	-2	75
RMDH-6	220	225	67.1	68.625	-0.3	18	30818	17	34176	1.4	58	15	-2	88
RMDH-6	225	230	68.625	70.15	-0.3	13	30571	18	36114	0.6	61	13	-2	101
RMDH-7	0	5	0	1.525	-0.3	23	38555	23	32581	-0.5	165	14	-2	78
RMDH-7	5	10	1.525	3.05	-0.3	32	31875	22	35858	-0.5	525	23	-2	82
RMDH-7	10	15	3.05	4.575	-0.3	29	31292	21	35410	-0.5	598	14	-2	84
RMDH-7	15	20	4.575	6.1	-0.3	29	33489	20	34103	-0.5	621	12	-2	79
RMDH-7	20	25	6.1	7.625	-0.3	30	38354	20	33350	-0.5	699	13	-2	79
RMDH-7	25	30	7.625	9.15	-0.3	30	38423	23	33434	-0.5	659	14	-2	76
RMDH-7	30	35	9.15	10.675	-0.3	20	36040	22	36302	-0.5	651	13	-2	80
RMDH-7	35	40	10.675	12.2	-0.3	23	36429	24	37153	-0.5	767	10	-2	81
RMDH-7	40	45	12.2	13.725	0.3	11	36852	22	32261	-0.5	571	12	-2	73
RMDH-7	45	50	13.725	15.25	-0.3	31	42101	24	35697	-0.5	596	14	-2	79
RMDH-7	50	55	15.25	16.775	-0.3	31	42948	28	39120	-0.5	624	13	-2	84
RMDH-7	55	60	16.775	18.3	-0.3	29	37951	23	39013	-0.5	639	13	-2	85
RMDH-7	60	65	18.3	19.825	-0.3	26	37697	24	35821	-0.5	541	13	-2	78
RMDH-7	65	70	19.825	21.35	-0.3	23	36704	22	33563	-0.5	520	13	-2	76
RMDH-7	70	75	21.35	22.875	-0.3	23	38847	28	35992	-0.5	561	13	-2	79
RMDH-7	75	80	22.875	24.4	-0.3	24	40812	25	35606	-0.5	570	11	-2	76
RMDH-7	80	85	24.4	25.925	-0.3	24	37695	28	35953	-0.5	624	13	-2	77
RMDH-7	85	90	25.925	27.45	-0.3	37	34279	27	34703	-0.5	599	14	-2	76
RMDH-7	90	95	27.45	28.975	-0.3	27	37434	27	38143	-0.5	528	13	-2	80
RMDH-7	95	100	28.975	30.5	-0.3	38	35732	36	40398	-0.5	508	13	-2	86
RMDH-7	100	105	30.5	32.025	-0.3	22	37233	32	37985	-0.5	387	15	-2	83
RMDH-7	105	110	32.025	33.55	-0.3	26	35950	27	34259	-0.5	292	11	-2	75
RMDH-7	110	115	33.55	35.075	-0.3	22	41528	26	33405	-0.5	340	12	-2	72

12

Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-7	115	120	35.075	36.6	-0.3	28	54619	16	28985	-0.5	281	15	-2	62
RMDH-7	120	125	36.6	38.125	-0.3	38	46216	25	35960	-0.5	364	13	-2	81
RMDH-7	125	130	38.125	39.65	-0.3	40	52937	27	37310	-0.5	378	13	-2	83
RMDH-7	130	135	39.65	41.175	-0.3	38	44530	27	35115	-0.5	336	15	-2	81
RMDH-7	135	140	41.175	42.7	-0.3	36	40526	28	35050	-0.5	316	15	-2	82
RMDH-7	140	145	42.7	44.225	-0.3	47	41757	29	36431	-0.5	315	12	-2	82
RMDH-7	145	150	44.225	45.75	-0.3	42	42854	28	37509	-0.5	323	12	-2	85
RMDH-7	150	155	45.75	47.275	-0.3	40	40916	31	40691	-0.5	331	13	-2	89
RMDH-7	155	160	47.275	48.8	-0.3	41	43655	30	39062	-0.5	328	15	-2	85
RMDH-7	160	165	48.8	50.325	-0.3	34	38343	31	39114	-0.5	344	13	-2	85
RMDH-7	165	170	50.325	51.85	-0.3	39	27204	33	40193	-0.5	311	15	-2	89
RMDH-7	170	175	51.85	53.375	-0.3	25	20805	25	38508	-0.5	244	15	-2	88
RMDH-7	175	180	53.375	54.9	-0.3	18	34974	18	42597	-0.5	174	11	-2	84
RMDH-7	180	185	54.9	56.425	-0.3	6	41057	13	40868	-0.5	122	9	-2	76
RMDH-7	185	190	56.425	57.95	-0.3	8	44617	11	42305	-0.5	97	7	-2	74
RMDH-7	190	195	57.95	59.475	-0.3	6	47813	13	43977	-0.5	113	9	-2	75
RMDH-7	195	200	59.475	61	-0.3	7	49950	18	44414	-0.5	130	8	-2	74
RMDH-7	200	205	61	62.525	-0.3	7	49332	24	44787	-0.5	129	8	-2	77
RMDH-7	205	210	62.525	64.05	-0.3	8	41189	18	42658	-0.5	119	10	-2	79
RMDH-7	210	215	64.05	65.575	-0.3	12	49806	17	47050	-0.5	121	8	-2	78
RMDH-7	215	220	65.575	67.1	-0.3	11	46591	11	41504	-0.5	107	8	-2	76
RMDH-9	0	5	0	1.525	-0.3	82	34268	24	37392	-0.5	653	11	-2	80
RMDH-9	5	10	1.525	3.05	-0.3	88	38146	24	38278	-0.5	669	13	-2	82
RMDH-9	10	15	3.05	4.575	-0.3	92	31973	25	39591	-0.5	695	12	-2	84
RMDH-9	15	20	4.575	6.1	-0.3	79	41271	24	38416	-0.5	703	11	-2	83
RMDH-9	20	25	6.1	7.625	-0.3	68	45002	19	32701	-0.5	611	10	-2	70
RMDH-9	25	30	7.625	9.15	-0.3	74	36607	24	36289	-0.5	703	13	-2	78
RMDH-9	30	35	9.15	10.675	-0.3	64	33053	24	36970	-0.5	732	12	-2	80
RMDH-9	35	40	10.675	12.2	-0.3	56	37160	21	36035	-0.5	709	12	-2	78
RMDH-9	40	45	12.2	13.725	-0.3	45	33741	22	34218	-0.5	677	11	-2	72
RMDH-9	45	50	13.725	15.25	-0.3	44	42734	19	31485	-0.5	612	11	-2	71
RMDH-9	50	55	15.25	16.775	-0.3	43	33278	26	37704	-0.5	620	14	-2	79
RMDH-9	55	60	16.775	18.3	-0.3	41	38016	25	37474	-0.5	590	16	-2	81
RMDH-9	60	65	18.3	19.825	-0.3	41	39418	26	37490	-0.5	593	13	-2	80

13

Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-9	65	70	19.825	21.35	-0.3	34	34680	30	37820	-0.5	575	13	-2	80
RMDH-9	70	75	21.35	22.875	-0.3	31	38201	27	36042	-0.5	568	14	-2	76
RMDH-9	75	80	22.875	24.4	-0.3	31	36108	30	36643	-0.5	610	13	-2	77
RMDH-9	80	85	24.4	25.925	-0.3	29	36492	28	35537	-0.5	597	14	-2	75
RMDH-9	85	90	25.925	27.45	-0.3	28	34025	28	33756	-0.5	692	15	-2	72
RMDH-9	90	95	27.45	28.975	-0.3	26	38389	23	33443	-0.5	594	13	-2	70
RMDH-9	95	100	28.975	30.5	-0.3	30	38000	31	36714	-0.5	341	14	-2	77
RMDH-9	100	105	30.5	32.025	-0.3	36	35299	41	37864	-0.5	379	14	-2	80
RMDH-9	105	110	32.025	33.55	-0.3	30	37317	34	35810	-0.5	324	13	-2	75
RMDH-9	110	115	33.55	35.075	-0.3	26	44503	21	30099	-0.5	323	14	-2	62
RMDH-9	115	120	35.075	36.6	-0.3	24	47295	21	30694	-0.5	375	12	-2	65
RMDH-9	120	125	36.6	38.125	-0.3	24	48488	25	34152	-0.5	301	12	-2	71
RMDH-9	125	130	38.125	39.65	-0.3	38	32829	31	38768	-0.5	316	13	-2	84
RMDH-9	130	135	39.65	41.175	-0.3	41	33478	31	37161	-0.5	305	13	-2	84
RMDH-9	135	140	41.175	42.7	-0.3	39	37346	34	37606	-0.5	303	12	-2	83
RMDH-9	140	145	42.7	44.225	-0.3	39	40121	29	36182	-0.5	279	14	-2	79
RMDH-9	145	150	44.225	45.75	-0.3	37	38384	28	36815	-0.5	293	13	-2	81
RMDH-9	150	155	45.75	47.275	-0.3	33	31887	30	37242	-0.5	298	14	-2	81
RMDH-9	155	160	47.275	48.8	-0.3	28	23283	32	38797	-0.5	324	13	-2	85
RMDH-9	160	165	48.8	50.325	-0.3	14	38388	21	44281	-0.5	162	11	-2	77
RMDH-9	165	170	50.325	51.85	-0.3	7	47776	18	47163	-0.5	108	8	-2	74
RMDH-9	170	175	51.85	53.375	-0.3	9	51945	16	49458	-0.5	93	7	-2	71
RMDH-9	175	180	53.375	54.9	-0.3	4	65177	21	59437	-0.5	68	4	-2	72
RMDH-11	0	5	0	1.525	-0.3	6	40815	6	36933	-0.5	69	15	-2	72
RMDH-11	5	10	1.525	3.05	-0.3	15	43837	9	40474	-0.5	85	15	-2	74
RMDH-11	10	15	3.05	4.575	-0.3	10	44280	11	42460	-0.5	99	30	-2	80
RMDH-11	15	20	4.575	6.1	-0.3	13	36386	8	40554	-0.5	88	15	-2	77
RMDH-11	20	25	6.1	7.625	-0.3	8	35548	8	42342	0.9	94	12	-2	79
RMDH-11	25	30	7.625	9.15	-0.3	5	40037	8	41022	0.6	88	11	-2	79
RMDH-11	30	35	9.15	10.675	-0.3	9	35924	7	41938	0.8	94	13	-2	77
RMDH-11	35	40	10.675	12.2	-0.3	8	41258	8	42167	0.6	89	12	-2	76
RMDH-11	40	45	12.2	13.725	-0.3	7	42525	8	43151	0.7	117	13	-2	76
RMDH-11	45	50	13.725	15.25	-0.3	11	44306	7	41473	-0.5	107	10	-2	76
RMDH-11	50	55	15.25	16.775	-0.3	7	42738	10	40913	-0.5	91	13	-2	76

14

Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-11	55	60	16.775	18.3	-0.3	11	37113	11	40003	-0.5	92	12	-2	77
RMDH-11	60	65	18.3	19.825	-0.3	13	42055	8	41065	1.0	88	10	-2	80
RMDH-11	65	70	19.825	21.35	-0.3	6	39733	9	43006	-0.5	95	13	-2	79
RMDH-11	70	75	21.35	22.875	-0.3	6	37320	9	41961	0.7	90	11	-2	78
RMDH-11	75	80	22.875	24.4	-0.3	8	37681	8	41447	-0.5	89	11	-2	77
RMDH-11	80	85	24.4	25.925	-0.3	9	38600	7	43684	0.5	91	10	-2	80
RMDH-11	85	90	25.925	27.45	-0.3	-2	38899	8	42863	-0.5	96	14	-2	78
RMDH-11	90	95	27.45	28.975	-0.3	10	46974	12	44973	-0.5	108	10	-2	77
RMDH-11	95	100	28.975	30.5	-0.3	7	37946	6	38257	0.8	89	14	-2	75
RMDH-12	0	5	0	1.525	-0.3	18	40687	8	37775	-0.5	94	13	-2	75
RMDH-12	5	10	1.525	3.05	-0.3	16	41876	9	38118	-0.5	96	15	-2	74
RMDH-12	10	15	3.05	4.575	-0.3	13	48123	10	43239	0.6	98	13	-2	74
RMDH-12	15	20	4.575	6.1	-0.3	7	50177	10	44824	-0.5	93	9	-2	73
RMDH-12	20	25	6.1	7.625	-0.3	11	52480	11	45968	-0.5	89	9	-2	71
RMDH-12	25	30	7.625	9.15	-0.3	11	49064	11	45597	-0.5	90	10	-2	72
RMDH-12	30	35	9.15	10.675	-0.3	9	52327	12	46864	-0.5	91	11	-2	75
RMDH-12	35	40	10.675	12.2	-0.3	5	51730	14	44002	-0.5	85	8	-2	73
RMDH-12	40	45	12.2	13.725	-0.3	11	44335	8	39471	0.6	78	12	-2	73
RMDH-12	45	50	13.725	15.25	-0.3	11	43406	10	45738	-0.5	78	11	-2	76
RMDH-12	50	55	15.25	16.775	-0.3	9	44548	9	42875	0.6	68	9	-2	74
RMDH-12	55	60	16.775	18.3	-0.3	13	40822	9	42283	-0.5	65	13	-2	77
RMDH-12	60	65	18.3	19.825	-0.3	10	42651	9	42270	0.9	64	10	-2	76
RMDH-12	65	70	19.825	21.35	-0.3	7	50491	9	41075	-0.5	64	11	-2	74
RMDH-12	70	75	21.35	22.875	-0.3	9	45793	8	42459	-0.5	62	14	-2	76
RMDH-12	75	80	22.875	24.4	-0.3	10	46540	8	43804	-0.5	66	12	-2	76
RMDH-12	80	85	24.4	25.925	-0.3	6	44691	8	45812	0.7	67	14	-2	79
RMDH-12	85	90	25.925	27.45	-0.3	11	44402	11	44843	-0.5	70	9	-2	81
RMDH-12	90	95	27.45	28.975	-0.3	3	39061	8	41660	-0.5	69	10	-2	80
RMDH-12	95	100	28.975	30.5	-0.3	9	49552	8	43773	0.6	70	10	-2	78
RMDH-12	100	105	30.5	32.025	-0.3	6	44885	10	41567	-0.5	79	14	-2	77
RMDH-12	105	110	32.025	33.55	-0.3	10	40489	7	40021	-0.5	77	12	-2	77
RMDH-12	110	115	33.55	35.075	-0.3	7	26342	2	34968	-0.5	64	14	-2	82
RMDH-12	115	120	35.075	36.6	-0.3	14	23397	-1	29464	-0.5	58	16	-2	84
RMDH-12	120	125	36.6	38.125	-0.3	7	16722	-1	23253	-0.5	56	16	-2	84

15

Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-14	0	5	0	1.525	-0.3	20	40008	-1	28730	-0.5	41	20	-2	59
RMDH-14	5	10	1.525	3.05	-0.3	20	32103	3	30904	-0.5	48	22	-2	61
RMDH-14	10	15	3.05	4.575	-0.3	23	33003	3	31347	-0.5	53	22	-2	61
RMDH-14	15	20	4.575	6.1	-0.3	23	41645	5	31099	-0.5	60	17	-2	60
RMDH-14	20	25	6.1	7.625	-0.3	21	39392	11	31653	-0.5	95	19	-2	62
RMDH-14	25	30	7.625	9.15	-0.3	20	49839	11	31284	-0.5	87	19	-2	62
RMDH-14	30	35	9.15	10.675	-0.3	22	36106	9	29595	0.6	96	19	-2	62
RMDH-14	35	40	10.675	12.2	-0.3	18	36910	8	32963	-0.5	86	15	-2	65
RMDH-14	40	45	12.2	13.725	-0.3	26	44763	13	32325	-0.5	118	18	-2	68
RMDH-14	45	50	13.725	15.25	-0.3	20	37964	11	31547	-0.5	88	18	-2	65
RMDH-14	50	55	15.25	16.775	-0.3	19	45188	9	28662	-0.5	90	18	-2	60
RMDH-14	55	60	16.775	18.3	-0.3	21	42508	10	29617	-0.5	97	19	-2	62
RMDH-14	60	65	18.3	19.825	-0.3	15	42677	8	28816	0.6	111	22	-2	61
RMDH-14	65	70	19.825	21.35	-0.3	17	33990	9	30417	-0.5	98	20	-2	64
RMDH-14	70	75	21.35	22.875	-0.3	18	46862	8	26270	-0.5	87	18	-2	57
RMDH-14	75	80	22.875	24.4	-0.3	20	36038	4	27368	0.5	67	23	-2	63
RMDH-14	80	85	24.4	25.925	-0.3	15	40993	9	26006	-0.5	88	17	-2	57
RMDH-14	85	90	25.925	27.45	-0.3	14	41438	6	28177	-0.5	92	17	-2	60
RMDH-14	90	95	27.45	28.975	-0.3	19	40512	8	28534	-0.5	102	18	-2	61
RMDH-14	95	100	28.975	30.5	-0.3	19	34945	14	33616	-0.5	136	20	-2	74
RMDH-14	100	105	30.5	32.025	-0.3	16	37294	21	36612	-0.5	186	16	-2	78
RMDH-14	105	110	32.025	33.55	-0.3	18	38501	21	35338	-0.5	167	17	-2	76
RMDH-14	110	115	33.55	35.075	-0.3	14	46201	20	32928	-0.5	134	17	-2	70
RMDH-14	115	120	35.075	36.6	-0.3	15	48997	25	37500	-0.5	170	17	-2	80
RMDH-14	120	125	36.6	38.125	-0.3	19	50335	25	38362	-0.5	192	18	-2	81
RMDH-14	125	130	38.125	39.65	-0.3	19	32217	24	39680	-0.5	202	21	-2	85
RMDH-14	130	135	39.65	41.175	-0.3	19	44584	21	35843	-0.5	188	20	-2	75
RMDH-14	135	140	41.175	42.7	-0.3	12	41220	20	35344	0.6	157	17	-2	78
RMDH-14	140	145	42.7	44.225	-0.3	11	43422	11	29602	-0.5	96	16	-2	63
RMDH-14	145	150	44.225	45.75	-0.3	12	39821	18	31187	-0.5	99	24	-2	66
RMDH-14	150	155	45.75	47.275	-0.3	13	38124	4	25641	-0.5	68	17	-2	54
RMDH-14	155	160	47.275	48.8	-0.3	4	39546	3	27184	-0.5	48	15	-2	56
RMDH-14	160	165	48.8	50.325	-0.3	11	30095	-1	25091	0.5	48	20	-2	54
RMDH-14	165	170	50.325	51.85	-0.3	13	38571	5	26785	-0.5	48	22	-2	57

16

Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-14	170	175	51.85	53.375	-0.3	18	39264	11	32237	0.8	62	26	-2	65
RMDH-14	175	180	53.375	54.9	-0.3	11	32900	15	29569	-0.5	71	18	-2	63
RMDH-14	180	185	54.9	56.425	-0.3	18	25334	21	46523	-0.5	104	32	-2	101
RMDH-14	185	190	56.425	57.95	-0.3	14	31922	3	25142	0.5	42	26	-2	52
RMDH-14	190	195	57.95	59.475	-0.3	12	27594	3	28340	-0.5	49	27	-2	60
RMDH-14	195	200	59.475	61	-0.3	8	29404	-1	26972	-0.5	45	22	-2	55
RMDH-14	200	205	61	62.525	-0.3	11	31178	-1	28573	-0.5	39	19	-2	58
RMDH-14	205	210	62.525	64.05	-0.3	10	31344	7	27454	-0.5	102	17	-2	63
RMDH-14	210	215	64.05	65.575	-0.3	14	32311	7	31937	0.7	39	22	-2	66
RMDH-14	215	220	65.575	67.1	-0.3	3	28262	3	24965	-0.5	53	22	-2	55
RMDH-14	220	225	67.1	68.625	-0.3	8	28355	-1	30411	0.5	42	24	-2	61
RMDH-14	225	230	68.625	70.15	-0.3	9	41807	-1	25338	-0.5	102	19	-2	53
RMDH-14	230	235	70.15	71.675	-0.3	9	30744	3	30031	-0.5	98	20	-2	68
RMDH-14	235	240	71.675	73.2	-0.3	11	23977	-1	24733	0.6	74	17	-2	55
RMDH-14	240	245	73.2	74.725	-0.3	6	26194	2	27217	0.5	66	17	-2	59
RMDH-14	245	250	74.725	76.25	-0.3	8	20434	10	29491	-0.5	386	17	-2	66
RMDH-14	250	255	76.25	77.775	-0.3	9	24267	5	27193	-0.5	205	28	-2	66
RMDH-14	255	260	77.775	79.3	-0.3	9	41883	7	29606	-0.5	347	17	-2	68
RMDH-14	260	265	79.3	80.825	-0.3	16	37518	9	31500	-0.5	279	19	-2	68
RMDH-14	265	270	80.825	82.35	-0.3	7	41656	7	28934	0.7	314	21	-2	65
RMDH-14	270	275	82.35	83.875	-0.3	16	33908	12	32323	0.5	265	17	-2	73
RMDH-14	275	280	83.875	85.4	-0.3	16	33438	15	34465	-0.5	538	20	-2	70
RMDH-14	280	285	85.4	86.925	-0.3	21	32854	12	31999	-0.5	323	16	-2	71
RMDH-14	285	290	86.925	88.45	-0.3	12	31278	18	34190	-0.5	380	18	-2	74
RMDH-14	290	295	88.45	89.975	-0.3	11	34770	7	28849	-0.5	602	18	-2	64
RMDH-14	295	300	89.975	91.5	-0.3	12	35504	13	29240	-0.5	617	26	-2	66
RMDH-14	300	305	91.5	93.025	-0.3	9	31905	10	28486	0.8	661	16	-2	67
RMDH-14	305	310	93.025	94.55	-0.3	9	28544	22	31583	-0.5	383	24	-2	81
RMDH-14	310	315	94.55	96.075	-0.3	14	31151	9	30137	-0.5	315	15	-2	72
RMDH-14	315	320	96.075	97.6	-0.3	20	34731	14	33671	0.5	345	28	-2	75
RMDH-14	320	325	97.6	99.125	-0.3	15	32996	10	31385	-0.5	550	16	-2	71
RMDH-14	325	330	99.125	100.65	-0.3	8	33093	16	33216	0.8	611	18	-2	75
RMDH-14	330	335	100.65	102.175	-0.3	12	31301	13	32449	0.7	399	14	-2	72
RMDH-14	335	340	102.175	103.7	-0.3	13	33463	17	34828	-0.5	380	23	-2	76

17

Drillhole	Depth from(ft)	Depth to (ft)	Depth from(m)	Depth to (m)	**Ag_ppm **	**As_ppm **	**Ca_ppm **	**Cu_ppm **	**Fe_ppm **	**Hg_ppm **	**Li_ppm **	**Pb_ppm **	**Sb_ppm **	**Zn_ppm **
RMDH-14	340	345	103.7	105.225	-0.3	14	36248	16	32956	-0.5	722	16	-2	74
RMDH-14	345	350	105.225	106.75	-0.3	12	31883	14	33083	0.7	383	19	-2	76
RMDH-14	350	355	106.75	108.275	-0.3	16	32054	11	31838	-0.5	334	14	-2	69
RMDH-14	355	360	108.275	109.8	-0.3	9	36721	17	33676	-0.5	395	18	-2	75
RMDH-14	360	365	109.8	111.325	-0.3	7	35072	16	31219	-0.5	326	30	-2	72
RMDH-14	365	370	111.325	112.85	-0.3	14	30409	25	36972	-0.5	355	28	-2	87

18

JORC Code, 2012 Edition – Table 1

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, random chips, or	•	10 reverse circulation (RC) drill holes were completed for a total
techniques	specific specialised industry standard measurement tools appropriate		of 2497ft (761.5m). Samples were collected at intervals of 5ft
	to the minerals under investigation, such as down hole gamma		(1.525m).
	sondes, or handheld XRF instruments, etc). These examples should	•	Target mineralisation was lithium clays
	not be taken as limiting the broad meaning of sampling.	•	Samples were submitted to American Assay Laboratories (AAL)
	• Include reference to measures taken to ensure sample representivity		(Nevada, U.S.A) where they were prepared by Basic Rock/Drill
	and the appropriate calibration of any measurement tools or systems		Prep Package (BRPP2KG).
	used.	•	Rock chip samples were analysed using method 4 acid Lithium
	• Aspects of the determination of mineralisation that are Material to the		Exploration 10 element ICP-OES (Lab code: IO-4AB10), with 10
	Public Report.		elements reported.
	• In cases where ‘industry standard’ work has been done this would be
	relatively simple (eg ‘reverse circulation drilling was used to obtain 1
	m samples from which 3 kg was pulverised to produce a 30 g charge
	for fire assay’). In other cases more explanation may be required,
	such as where there is coarse gold that has inherent sampling
	problems. Unusual commodities or mineralisation types (eg
	submarine nodules) may warrant disclosure of detailed information.
Drilling	• Drill type (eg core, reverse circulation, open-hole hammer, rotary air	•	Reverse circulation drilling was completed by Alloy Drilling LLC
techniques	blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple		using a ProTrack 1200 tracked Reverse Circulation drill rig with
	or standard tube, depth of diamond tails, face-sampling bit or other		900 CFM Compressor. The holes were drilled with a 6 7/8"
	type, whether core is oriented and if so, by what method, etc).		hammer to 10'. Casing was set, then the hole was drilled with a 4
			3/4" downhole hammer.
Drill sample	• Method of recording and assessing core and chip sample recoveries	•	Samples were weighed in at the lab.
recovery	and results assessed.	•	If sample recoveries became too small, driller was consulted for
	• Measures taken to maximise sample recovery and ensure		measures to help increase the amount of sample coming out
	representative nature of the samples.		from the drillhole.
	• Whether a relationship exists between sample recovery and grade	•	Wet sample bags were sequestered from one another until dried
	and whether sample bias may have occurred due to preferential		in the field. Measures were taken to ensure no cross
	loss/gain of fine/coarse material.		contamination occurred between samples while wet. Very little
			sampled material left the sample bag,almost all was water

19

Criteria	JORC Code explanation	Commentary	Commentary
Logging	• Whether core and chip samples have been geologically and	•	Drill hole rock chips were logged every 5ft (1.525m) by a qualified
	geotechnically logged to a level of detail to support appropriate		geologist and recorded digitally in a spreadsheet.
	Mineral Resource estimation, mining studies and metallurgical	•	Logging is qualitative in nature and suitable for the preliminary
	studies.		exploration work completed.
	• Whether logging is qualitative or quantitative in nature. Core (or	•	100% of drill hole chips were logged for all 10 RC drill holes.
	costean, channel, etc) photography.
	• _The total length and percentage of the relevant intersections logged. _
Sub-sampling	• If core, whether cut or sawn and whether quarter, half or all core	•	Between 3 and 14kg RC drill chip samples were collected using
techniques	taken.		a cyclone splitter.
and sample	• If non-core, whether riffled, tube sampled, rotary split, etc and	•	Samples were prepared by Basic Rock/Drill Prep Package
preparation	whether sampled wet or dry.		(BRPP2KG) at American Assay Laboratories (AAL).
	• For all sample types, the nature, quality and appropriateness of the	•	The sample size and preparation method is considered suitable
	sample preparation technique.		for this stage of exploration for the commodity in question.
	• Quality control procedures adopted for all sub-sampling stages to	•	Duplicate field samples were not collected. Blanks were inserted
	maximise representivity of samples.		every ~2 per hole.
	• Measures taken to ensure that the sampling is representative of the in	•	Duplicate samples were completed at AAL from reject re-split
	situ material collected, including for instance results for field		material.
	duplicate/second-half sampling.	•	1 blank and 1 standard were inserted per drillhole.
	• Whether sample sizes are appropriate to the grain size of the material
	being sampled.
Quality of	• The nature, quality and appropriateness of the assaying and	•	Rock chip samples were analysed using method 4 acid Lithium
assay data	laboratory procedures used and whether the technique is considered		Exploration 10 element ICP-OES (Lab code: IO-4AB10), with 10
and	partial or total.		elements reported.
laboratory	• For geophysical tools, spectrometers, handheld XRF instruments, etc,	•	No geophysical, spectrometers, handheld XRF instruments etc
tests	the parameters used in determining the analysis including instrument		have been utilized at this stage.
	make and model, reading times, calibrations factors applied and their	•	Laboratory QAQC was utilized in the form of blanks, standards
	derivation, etc.		and duplicates. This was deemed to have passed laboratory and
	• Nature of quality control procedures adopted (eg standards, blanks,		internal standards for this phase of exploration.
	duplicates, external laboratory checks) and whether acceptable levels
	of accuracy (ie lack of bias) andprecision have been established.
Verification of	• The verification of significant intersections by either independent or	•	No significant intersections
sampling and	alternative company personnel.	•	No twinned drill holes.
assaying	• The use of twinned holes.	•	Primary assay data is received digitally from the lab, compiled into
	• Documentation of primary data, data entry procedures, data		one table and QAQC performed on standards, blanks and
	verification, data storage (physical and electronic) protocols.		duplicates.
	• _Discuss any adjustment to assay data. _	•	Originaldatafiles are stored ona secure company server.

20

Criteria	JORC Code explanation	Commentary	Commentary
		•	There are no adjustments to assay data
		•	Drill hole data is collected using the Gaia GPS application on Ipad.
			This is downloaded to laptop and tabulated and stored in
			Microsoft Excel.
Location of	• Accuracy and quality of surveys used to locate drill holes (collar and	•	Sample locations are recorded using a Garmin handheld GPS
data points	down-hole surveys), trenches, mine workings and other locations		(+/- 3m accuracy).
	used in Mineral Resource estimation.	•	Grid is NAD83 / UTM zone 11N
	• Specification of the grid system used.
	• Quality and adequacy of topographic control.
Data spacing	• Data spacing for reporting of Exploration Results.	•	Drill holes were positioned in areas where anomalous lithium
and	• Whether the data spacing and distribution is sufficient to establish the		was located in surface sampling and at field locations where
distribution	degree of geological and grade continuity appropriate for the Mineral		claystone was identified by the company geologist.
	Resource and Ore Reserve estimation procedure(s) and	•	Data spacing and distribution would not be suitable for a MRE at
	classifications applied.		this point in the exploration process.
	• Whether sample compositing has been applied.	•	No sample composition has been applied.
Orientation of	• Whether the orientation of sampling achieves unbiased sampling of	•	It is not known if there is any structural control on lithium-bearing
data in	possible structures and the extent to which this is known, considering		claystones.
relation to	the deposit type.	•	Drill holes were oriented vertically as the claystones are flat lying
geological	• If the relationship between the drilling orientation and the orientation		and this should be perpendicular to any anomalous unit
structure	of key mineralised structures is considered to have introduced a		encountered.
	sampling bias, this should be assessed and reported if material.
Sample	• The measures taken to ensure sample security.	•	Samples were bagged into 7x12” cotton sample bags with
security			sample # printed in black marker on the outside of the bag. A
			sample tag matching the bag number is placed in the bag.
			Sample details including co-ordinate are written into the sample
			tag book. Bagged samples are then placed into a larger plastic
			woven bag with sample intervals (contents written on the
			outside).
		•	The samples were transported to AAL in Nevada in the
			geologists 4wd vehicle.
Audits or	• The results of any audits or reviews of sampling techniques and data.	•	Results have been reviewed by other personnel associated with
reviews			the company.

21

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 ownership including	•	The Mustang Project consists 140 claims (1,070 Ha).
tenement and	agreements or material issues with third parties such as joint	•	The project is subject to a Net Smelter Royalty (“NSR”) in favour
land tenure	ventures, partnerships, overriding royalties, native title interests,		of Lithic Lithium LLC of 2%.
status	historical sites, wilderness or national park and environmental	•	There are no native title claims covering the tenement.
	settings.	•	No heritage surveys were required prior to commencing
	• The security of the tenure held at the time of reporting along with any		exploration activities.
	known impediments to obtaining a licence to operate in the area.	•	The Project does not intersect any underlying pastoral lease.
		•	The Project does not intersect an area identified as wilderness,
			national park or an area of environmental interest.
Exploration	• Acknowledgment and appraisal of exploration by other parties.	•	Relevant exploration for Lithium at the Mustang Project during
done by other			2021 was undertaken by Lithic Lithium LLC have included grab,
parties			trench and stream sediment samples.
Geology	• Deposit type, geological setting and style of mineralisation.	•	The deposit type and main target mineralisation model is of
			claystone hosted lithium.
Drill hole	• A summary of all information material to the understanding of the	•	Drill hole information is located in Table 1 and Appendix 1.
Information	exploration results including a tabulation of the following information
	for all Material drill holes:
	o easting and northing of the drill hole collar
	o elevation or RL (Reduced Level – elevation above sea level in
	metres) of the drill hole collar
	o dip and azimuth of the hole
	o down hole length and interception depth
	o hole length.
	• If the exclusion of this information is justified on the basis that the
	information is not Material and this exclusion does not detract from
	the understanding of the report, the Competent Person should clearly
	explain why this is the case.
Data	• In reporting Exploration Results, weighting averaging techniques,	•	No cut-off grades have been used during reporting
aggregation	maximum and/or minimum grade truncations (eg cutting of high	•	No metal equivalent values have been reported.
methods	grades) and cut-off grades are usually Material and should be stated.
	• Where aggregate intercepts incorporate short lengths of high-grade
	results and longer lengths of lowgrade results, theprocedure used

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Criteria	JORC Code explanation	Commentary	Commentary
	for such aggregation should be stated and some typical examples of
	such aggregations should be shown in detail.
	• The assumptions used for any reporting of metal equivalent values
	should be clearly stated.
Relationship	• These relationships are particularly important in the reporting of	•	Drilling is interpreted to intersect flat lying claystone deposits in
between	Exploration Results.		approximately a perpendicular direction.
mineralisation	• If the geometry of the mineralisation with respect to the drill hole	•	Downhole lengths are reported, true widths are not yet known
widths and	angle is known, its nature should be reported.
intercept	• If it is not known and only the down hole lengths are reported, there
lengths	should be a clear statement to this effect (eg ‘down hole length, true
	_width not known’). _
Diagrams	• Appropriate maps and sections (with scales) and tabulations of	•	Maps and images are included within body of text.
	intercepts should be included for any significant discovery being
	reported These should include, but not be limited to a plan view of
	drill hole collar locations and appropriate sectional views.
Balanced	• Where comprehensive reporting of all Exploration Results is not	•	The results and text provided within this report are considered
reporting	practicable, representative reporting of both low and high grades		comprehensive and representative. All significant assay results
	and/or widths should be practiced to avoid misleading reporting of		have been disclosed within the text.
	Exploration Results.
Other	• Other exploration data, if meaningful and material, should be reported	•	All relevant exploration results and observations have been
substantive	including (but not limited to): geological observations; geophysical		reported that are pertinent to this stage of exploration.
exploration	survey results; geochemical survey results; bulk samples – size and
data	method of treatment; metallurgical test results; bulk density,
	groundwater, geotechnical and rock characteristics; potential
	deleterious or contaminating substances.
Further work	• The nature and scale of planned further work (eg tests for lateral	•	Red Mountain shall undertake further geological mapping, drill
	extensions or depth extensions or large-scale step-out drilling).		hole interpretation, and surface sampling to inform future RC
	• Diagrams clearly highlighting the areas of possible extensions,		drilling programs.
	including the main geological interpretations and future drilling areas,	•	The Company continues to assess additional opportunities to
	provided this information is not commercially sensitive.		add to its current assetportfolio.

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