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RED MOUNTAIN MINING LIMITED Capital/Financing Update 2026

Mar 29, 2026

65719_rns_2026-03-29_24ef9571-f3eb-466e-b82d-b272bc238478.pdf

Capital/Financing Update

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ASX Announcement 30 March 2026

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EXCEPTIONAL ASSAYS DEFINE MULTIPLE ANTIMONY DRILL TARGETS ACROSS EXTENSIVE ZONE AT ARMIDALE PROJECT

HIGHLIGHTS:

  • Red Mountain’s comprehensive and systematic work has allowed the Company to define five high priority orogenic Antimony targets for drill testing at Oaky Creek next quarter

  • A significant large-scale orogenic antimony-gold vein system with a strike extent of ~3km at surface has now been delineated by these extensive results with drilling to commence

  • The new auger soil results include additional sampling close to the historical workings at Oaky Creek South, with multiple samples returning values of over 500ppm Sb, including exceptionally high soil values of up to 1.16% Sb and 612ppm As

  • On the Oaky Creek South Main grid, infill and extensional auger sampling of the previously reported coherent, NE-trending ~30m wide Antimony-Arsenic auger soil anomaly returned further strong results of up to 356ppm Sb and 413ppm As, with the anomaly now extending 300m in strike extent and remaining open to the northeast

  • Auger soil results at Oaky Creek North and further to the north highlight strong AntimonyArsenic anomalies around mapped quartz-carbonate stibnite veins, returning values of up to 3,011ppm Sb and 859ppm As

  • Preparations are currently being finalised for drilling to commence at Oaky Creek

  • Met-test results for the Oaky Creek Antimony Prospect are expected to be received in April

  • Further assay result is expected in April for the Thompson Falls Antimony Project in the United States, following recently announced initial high-grade Antimony results

  • Antimony prices remain well supported by the classification as a critical defence mineral with direct applications in ammunition, weapons systems, alloys and flame-retardant materials, underpinning strong long-term demand and increasing efforts by Western nations to secure reliable and independent supply chains

Red Mountain Mining Limited (ASX: RMX , US OTCQB: RMXFF , or “ the Company), a Critical Minerals exploration and development company with an established portfolio in Tier-1 Mining Districts in the United States and Australia, is pleased to announce final assays from auger soil sampling at the Oaky Creek prospect at the Company’s 100% owned Armidale Antimony-Gold project in New South Wales, generating five high-confidence Antimony drill target regions across the prospect.

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The new auger soil results include additional sampling close to the historical workings at Oaky Creek South, with multiple samples returning values of over 500ppm Sb, with values of up to 1.16% Sb and 612ppm As (Figure 2; Appendix 1). The new results strengthen and support prior results, from a single line of eight auger samples taken over the workings in 2025, which returned values of up to 1.36% Sb and 351ppm As[1] . These antimony values are exceptionally high soil sample assays. As per Figure 2, antimony values of >100ppm are closely related to the mapped quartz-carbonate-stibnite veins.

Auger Program Defines Five High-Confidence Antimony Drill Targets at Oaky Creek

On the Oaky Creek South Main Grid,~400m northwest of the workings, infill and extensional auger sampling of the previously reported[1, 2] coherent, NE-trending ~30m wide antimony-arsenic auger soil anomaly returned further strong results of up to 356ppm Sb and 413ppm As (Appendix 1), with the anomaly now extending 300m in strike extent and remaining open to the northeast (Figure 2, Figure 3). The results to date at Oaky Creek South highlight the Main Grid soil anomaly and associated quartz-carbonate-stibnite veins and the Oaky Creek South workings as priority targets for drill testing, which is planned for the second quarter of 2026. In addition, anomalous arsenic in auger soil samples at Oaky Creek South appears to form a halo across and surrounding the anomalous antimony that is closely spatially associated with vein-style quartz-carbonate-stibnite mineralisation (Figure 2). Multiple arsenic anomalies remain open at the edges of the current coverage at Oaky Creek South between the historical workings and the Oaky Creek South Main Grid and further surface sampling to the east and west of the current coverage may define additional antimony anomalies that would also be potential drill targets. The new results are for approximately 900 additional auger soil samples collected over conventional soil anomalies at Oaky Creek South and Oaky Creek North, more than tripling auger soil coverage from approximately 430 samples, which were reported in November 2025[3] and earlier this month[4] (Figure 1). The comprehensive program has successfully produced multiple drill ready targets for Red Mountain.

1RMX ASX Announcement 27 November 2025. https://investorhub.redmountainmining.com.au/announcements/7282267

2RMX ASX Announcement 12 March 2026. https://investorhub.redmountainmining.com.au/announcements/7435807

3RMX ASX Announcement 27 November 2025. https://investorhub.redmountainmining.com.au/announcements/7282267

4RMX ASX Announcement 12 March 2026. https://investorhub.redmountainmining.com.au/announcements/7435807

RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU

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Figure 1: (A) Overview of auger soil sampling completed over the Oaky Creek antimony prospect relative to initial conventional soil antimony values. (B) Detail over the Oaky Creek North area, with mineralised (>0.5% Sb) rock chip samples, mapped quartz-carbonatestibnite vein traces and priority targets also shown. (C) Detail over the Oaky Creek South area with mineralised (>0.5% Sb) rock chip samples, mapped quartz-carbonate-stibnite vein traces and priority drill targets are also shown.

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Figure 2: Auger antimony (top) and arsenic (bottom) soil results for Oaky Creek South over NSW 5m resolution digital elevation model. The two priority drill targets at Oaky Creek South Main Grid (see Figure 3 for more detail) and Oaky Creek South Workings are shown on the top figure and open arsenic anomalies are indicated on the lower figure. Mapped quartz-carbonate-stibnite vein traces are also shown.

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Additional drill targets confirmed for Oaky Creek North

The new auger soil results encompass the remainder of the ~1.5km conventional soil anomaly at Oaky Creek North (Figure 4), including the historical workings and an antimony-bearing creek outcrop (Figure 5). Both prospects feature multiple mineralised (>0.5% Sb) rock chip samples and exposed quartz-carbonate-stibnite veins. The auger soil results show narrow, strong antimony-arsenic anomalies related to the main mapped veins at both prospects (Figure 5), with peak values of 3,011ppm Sb and 859ppm As immediately adjacent to the creek outcrop and 525ppm Sb and 166ppm As at the Oaky Creek South workings (Appendix 1).

Initial auger soil results from the southern end of the conventional soil anomaly at Oaky Creek North, reported earlier in the month[4] , returned multiple anomalous values of up to 137ppm Sb and 334ppm As (Figure 4), defining a coherent NNW-trending antimony auger soil anomaly that broadly correlates with the earlier conventional soil results and the distribution of mineralised stibnite-bearing rock chip samples (refer to Figure 1).

The auger soil antimony-arsenic anomalies at the creek outcrop and the Oaky Creek North Workings both extend over a strike extent of 100-200m, indicating potential for a significant antimony-bearing orogenic vein system. Both targets, as well as the previously defined “Oaky Creek N South Extension” target at the southern end of the conventional soil anomaly, represent priority targets for drill-testing planned for the upcoming quarter.

Oaky Creek represents a significant 3km long orogenic antimony system with multiple

drill-ready targets

The Company’s initial sampling program at Oaky Creek comprised a 50m x 100m spaced grid soil sampling program centered on a major splay of the Namoi Fault, accompanied by rock chip sampling. As initially reported in June 2025[5] , the soil sampling defines a coherent, ~1.5km long, 100-200m wide, NNW-trending >2ppm Sb in soil anomaly extending both north and south of the historical workings at Oaky Creek North and a similarly-oriented ~1km long >2ppm Sb in soil anomaly extending north from the Oaky Creek South workings.

5RMX ASX Announcement 7 June 2025. https://investorhub.redmountainmining.com.au/announcements/6998482 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU

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Figure 3: Auger antimony (top) and arsenic (bottom) soil results for the Oaky Creek South Main Grid. The locations of mapped quartzcarbonate-stibnite vein traces and mineralised (>0.5% Sb) rock chip samples are also shown. Both the arsenic and antimony soil anomaly remain open to the northeast, as indicated by the arrows.

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Figure 4: Auger antimony (left) and arsenic (right) soil results for Oaky Creek North over NSW 5m resolution digital elevation model. Mapped quartz-carbonate-stibnite vein traces are also shown. For further detail of the new results refer to Figure 5.

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Figure 5: Newly received auger antimony (left) and arsenic (right) soil results for Oaky Creek North over the historical workings and antimony-bearing creek exposure. Mapped quartz-carbonate-stibnite vein traces are also shown.

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Sampling campaigns at Oaky Creek[67] , returned multiple rock chip samples[8, 9, 10] with values of over 25% Sb and 0.1g/t Au for five different areas, with mineralised and anomalous rock samples showing a strong spatial correlation to the antimony soil anomaly (Figure 1). When considered collectively, the soil and rock chip results indicate a significant orogenic antimony mineral system with a strike extent of 3km, which is analogous to Larvotto Resources’ ( ASX: LRV; Market Cap. ~AU$515 million ) Hillgrove Project, which lies east of Red Mountain’s project area.

Red Mountain’s ~1,300 sample infill auger soil sampling campaign across the full ~3km strike extent of the Oaky Creek prospect (Figure 1) was completed across the past two quarters to tighten the Company’s existing 100m x 50m spaced soil grid in order to better constrain individual high priority drill targets. This detailed systematic work has allowed the Company to define five high priority orogenic antimony target regions at the prospect, for drill testing at Oaky Creek next quarter.

Red Mountain Armidale Antimony-Gold Project background

Red Mountain’s 100%-owned Armidale Antimony-Gold Project lies in the Southern New England Orogen (SNEO) in northeastern New South Wales, west of Australia’s largest known antimony deposit, Larvotto’s ( ASX: LRV ) Hillgrove deposit, which is also the 8[th] largest antimony deposit globally.

The SNEO is recognised as Australia’s premier Antimony province (Figure 6). Antimony occurs in hydrothermal quartz veins, breccias and stockworks, often with associated gold and/or tungsten mineralisation. Red Mountain’s Armidale Antimony-Gold Project has an extensive 85km length along the western side of the Peel Fault. The geology of the project area is dominated by isoclinally folded Carboniferous metasediments of the Tamworth Belt, which is a forearc basinal package related to west-dipping subduction of oceanic crust beneath the Lachlan Orogen. Ultramafic mélanges of the Great Serpentinite Belt, which outcrop along the Peel Fault, are considered to be remnants of this oceanic crust. The Peel Fault System has recognised world-class mineral potential, with over 400 known orogenic gold and base metal mineral occurrences along its over 400km strike extent, but is

6RMX ASX Announcement 27 June 2025. https://investorhub.redmountainmining.com.au/announcements/7026204

7RMX ASX Announcement 11 July 2025. https://investorhub.redmountainmining.com.au/announcements/7050680

8RMX ASX Announcement 2 October 2025. https://investorhub.redmountainmining.com.au/announcements/7181513

9RMX ASX Announcement 15 January 2026. https://investorhub.redmountainmining.com.au/announcements/7325282

10RMX ASX Announcement 12 March 2026. https://investorhub.redmountainmining.com.au/announcements/7435807

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underexplored, with less than 200 mostly shallow drillholes over its length, the majority of which are focused on discrete prospects.

Oaky Creek is the company’s highest priority prospect within the project and is one of several known orogenic gold and antimony mineral occurrences within the tenement (Figure 7).

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Figure 6: Location of LRV’s Hillgrove Mine and other Known NSW gold and antimony mineral occurrences relative to Red Mountain’s Armidale Antimony-Gold Project and NSW basement orogenic units. The map clearly demonstrates the prospectivity of the New England Orogen for antimony and gold. The location the Peel Fault is also shown.

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Figure 7: Geological Survey of NSW total magnetic intensity reduced to pole (TMI RTP) imagery and location of gold and antimony mineral occurrences within and near to EL9732, summarising highlights of RMX’s exploration to date and the location of the Company’s Oaky Creek and East Hills antimony prospects, Horsley Station gold prospect and Horsley North magnetic target. The mapped location of the Peel Fault is also shown.

Authorised for and on behalf of the Board,

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Mauro Piccini

Company Secretary

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Disclaimer

In relying on the above mentioned ASX announcement and pursuant to ASX Listing Rule 5.23.2, the Company confirms that it is not aware of any new information or data that materially affects the information included in the above-mentioned announcement.

Forward–Looking Statements

Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Red Mountain operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward- looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Red Mountain’s control.

About Red Mountain Mining

Red Mountain Mining Ltd (ASX: RMX , US CODE: RMXFF ) is a Critical Minerals and Gold developer focussed on accelerating its United States and Australia based Projects, located in Tier-1 Mining Districts.

Red Mountain is fast-tracking its Critical Minerals projects in the US and Australia, Board and Management is determined to rapidly define a portfolio of advanced projects to assist the United States and other Western countries with a reliable, highquality source of commodity supply, including from the Company’s Armidale Antimony-Gold Project located in NSW, Australia, which has delivered multiple high-grade antimony rock chip samples to date (up to 39.3% Sb ); and its US Critical Minerals Portfolio . comprising the Utah Antimony Project in the highly prospective Coyote Canyon Mining District of Utah, adjacent to the Antimony Canyon Project (owned by ASX: AT4) ; the Thompson Falls Antimony Project with initial rock chip results of up to 36.5% Sb at historical mines located near the NYSE: UAMY Antimony Smelter, and Idaho Antimony Projects which include Silver Dollar historical antimony mine, with reported historical production at a grade of 17.7% Sb .

Competent Person 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 contract geologist Mark Mitchell. 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.

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JOIN THE RED MOUNTAIN MINING INVESTOR HUB

Visit https://investorhub.redmountainmining.com.au for access to the Investor Hub

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Appendix 1: Oaky Creek auger soil sampling results

Sample details and analytical results for selected elements for auger soil samples from Oaky Creek. Analyses of >100ppm Sb, >100ppm As, >5ppb Au and >0.5ppm Ag are highlighted.

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JORC Code, 2012 Edition - Table 1

1.1 Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling
techniques

Nature and quality of sampling (e.g.
cut channels, random chips, or
specific specialised industry standard
measurement tools appropriate to
the minerals under investigation,
such as down hole gamma sondes,
or handheld XRF instruments, etc).
These examples should not be taken
as limiting the broad meaning of
sampling.

Include reference to measures taken
to ensure sample representivity and
the appropriate calibration of any
measurement tools or systems used.

Aspects of the determination of
mineralisation that are Material to
the Public Report.

In cases where ‘industry standard’
work has been done this would be
relatively simple (eg ‘reverse
circulation drilling was used to
obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g
charge for fire assay’). In other cases
more explanation may be required,
such as where there is coarse gold
that has inherent sampling
problems. Unusual commodities or
mineralisation types (eg submarine

Auger samples were collected at
10/20m sample spacings along
traverses at 20/40/50m line spacing
with closer intervals around mineralised
rock sites.

Auger samples are generally around
1kg raw samples taken from the C
Horizon.

All samples are exploration in nature
and not for resource determination.

Auger samples were sent to Intertek
Townsville laboratory for sample
preparation before being shipped to
the Perth Laboratory. Auger samples
were treated in an Aqua Regia
AAR25MS52 package for a 52-element
suite.

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Criteria JORC Code explanation Commentary
nodules) may warrant disclosure of
detailed information.
Drilling
techniques

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
diamond tails, face-sampling bit or
other type, whether core is oriented
and if so, by what method, etc).

No drilling reported
Drill
sample
recovery

Method of recording and assessing
core and chip sample recoveries and
results assessed.

Measures taken to maximise sample
recovery and ensure representative
nature of the samples.

Whether a relationship exists
between sample recovery and grade
and whether sample bias may have
occurred due to preferential
loss/gain of fine/coarse material.

No drilling reported.
Logging
Whether core and chip samples
have been geologically and
geotechnically logged to a level of
detail to support appropriate
Mineral Resource estimation, mining
studies and metallurgical studies.

Whether logging is qualitative or
quantitative in nature. Core (or
costean, channel, etc) photography.

The total length and percentage of
the relevant intersections logged.

No drilling reported.

Rock and auger sampling will not be
used for resource estimation.

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Criteria JORC Code explanation Commentary
Sub-
sampling
techniques
and
sample
preparation

If core, whether cut or sawn and
whether quarter, half or all core
taken.

If non-core, whether riffled, tube
sampled, rotary split, etc and
whether sampled wet or dry.

For all sample types, the nature,
quality and appropriateness of the
sample preparation technique.

Quality control procedures adopted
for all sub-sampling stages to
maximise representivity of samples.

Measures taken to ensure that the
sampling is representative of the in
situ material collected, including for
instance results for field
duplicate/second-half sampling.

Whether sample sizes are
appropriate to the grain size of the
material being sampled.

Auger samples were taken from
designated grid sites based on the
preliminary soil assay results and areas
where rock chip sampling produced
anomalous Sb assays. Gaps in the
systematic sampling occurred when
designated samples fell in a creek or
massive outcrop.

Standards (CRM), blanks and repeats
were inserted every 100 sites on
rotation with a check sample at
approximately one in every 33 samples.

Standard (CRM), Blank and Repeat
assays were checked and found to be
within acceptable tolerance errors.

Augers consisted of approximately 1kg
of raw material, generally in the
residual saprolitic clays. Sample size
was considered appropriate for
defining the areas of mineralisation.
Quality of
assay data
and
laboratory
tests

The nature, quality and
appropriateness of the assaying and
laboratory procedures used and
whether the technique is considered
partial or total.

For geophysical tools,
spectrometers, handheld XRF
instruments, etc, the parameters
used in determining the analysis
including instrument make and
model, reading times, calibrations

Auger samples were treated at Intertek
and with standard procedure of drying,
crushing, pulverizing (in Nickel crucible
for rock samples) with splits taken 25g
charge for Aqua Regia digestion and
an ICP-MS finish.

Duplicates, blanks and standards (CRM)
were inserted and found to be within
acceptable tolerance levels, one
standard deviation.

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Criteria JORC Code explanation Commentary
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.
Verification
of
sampling
and
assaying

The verification of significant
intersections by either independent
or alternative company personnel.

The use of twinned holes.

Documentation of primary data,
data entry procedures, data
verification, data storage (physical
and electronic) protocols.

Discuss any adjustment to assay
data.

No drill holes reported.

Assays reported have not been
adjusted.

In the field, data points and details
were stored electronically on a tablet
with appropriated software which was
downloaded to a laptop daily. The
laptop had the preplanned sites with
satellite imagery as a check for
location.
Location of
data points

Accuracy and quality of surveys
used to locate drill holes (collar and
down-hole surveys), trenches, mine
workings and other locations used
in Mineral Resource estimation.

Specification of the grid system
used.

Quality and adequacy of
topographic control.

All sampling was recorded by a Tablet
GPS in GDA94 (z56).

No mineral resource estimation is
being conducted.
Data
spacing
and
distribution

Data spacing for reporting of
Exploration Results.

Whether the data spacing and
distribution is sufficient to establish
the degree of geological and grade

Sample spacing is considered
appropriate for follow-up sampling
aimed at delineating drill targets.

Samples, being exploration in nature
and weathered material, are not

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Criteria JORC Code explanation Commentary
continuity appropriate for the
Mineral Resource and Ore Reserve
estimation procedure(s) and
classifications applied.

Whether sample compositing has
been applied.
considered sufficient for any ore
resource determinations.

No analytical compositing is being
reported.
Orientation
of data in
relation to
geological
structure

Whether the orientation of sampling
achieves unbiased sampling of
possible structures and the extent to
which this is known, considering the
deposit type.

If the relationship between the
drilling orientation and the
orientation of key mineralised
structures is considered to have
introduced a sampling bias, this
should be assessed and reported if
material.

The only sampling bias was increased
sample density around known areas of
mineralisation to better define target
areas for drilling.

No drilling conducted.
Sample
security

The measures taken to ensure
sample security.

Samples storage was managed by field
staff, individually double wrapped and
sealed in a 1-ton bulka bag which was
dropped off to a freight forwarding
yard. No damage was reported to the
bulka bag or its seal during transport
to the laboratory.
Audits or
reviews

The results of any audits or reviews
of sampling techniques and data.

No audit or reviews of sampling
techniques and data was reported.

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1.2 Section 2 Reporting of Exploration Results

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

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
• Type, reference name/number, location
and ownership including agreements or
material issues with third parties such
as joint ventures, partnerships,
overriding royalties, native title
interests, historical sites, wilderness or
national park and environmental
settings.
• The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a licence to
operate in the area.
• The Exploration licence EL9732 is granted
and 100% wholly owned by Red Mountain
Mining and covers 391km2.
• The licence is in its second year of grant
and has no conflicts environmentally or
with. Native with the relevant claimant
holders. The licence covers freehold land
with Land Access agreement struck with
local owners using standard AMEC terms.
Exploration
done by other
parties
• Acknowledgment and appraisal of
exploration by other parties.
• The north-south elongate corridor covered
by the project contains no historical
mineral exploration drilling and has seen
limited previous surface exploration for
Antimony and Gold mineralisation. No soil
sampling for these elements has been
undertaken and rock chip and stream
sediment coverage is limited, leaving the
majority of the tenement untested by
systematic exploration and therefore is
considered having significant potential for
discovery. A number of historical
prospector workings for antimony and
gold have been reported within the
licence
Geology • Deposit type, geological setting and
style of mineralisation.
• The project is located in the Southern
New England Orogen. The geology of the
tenement is dominated by isoclinally
folded Carboniferous metasediments of
the Tamworth Belt which is a forearc
basinal package related to west-dipping
subduction of oceanic crust beneath the
Lachlan Orogen. Ultramafic melanges of
the Great Serpentinite Belt, which outcrop

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Criteria JORC Code explanation Commentary
along the Peel Fault, are considered to be
remnants of this oceanic crust.
• The style of mineralisation target is
hydrothermal quartz veins, breccia and
stockworks derived from fluids during
regional compression and resulting
faulting providing the conduits to the
fluids.
Drill hole
Information
• A summary of all information material
to the understanding of the exploration
results including a tabulation of the
following information for all Material
drill holes:
o easting and northing of the drill
hole collar
o elevation or RL (Reduced Level –
elevation above sea level in metres)
of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception
depth
o hole length.
• If the exclusion of this information is
justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly
explain whythis is the case.
• No drilling conducted
Data
aggregation
methods
• In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
truncations (e.g. cutting of high grades)
and cut-off grades are usually Material
and should be stated.
• Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation
• No aggregated methods are reported

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Criteria JORC Code explanation Commentary
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
clearlystated.
Relationship
between
mineralisation
widths and
intercept
lengths
• These relationships are particularly
important in the reporting of
Exploration Results.
• If the geometry of the mineralisation
with respect to the drill hole angle is
known, its nature should be reported.
• If it is not known and only the down
hole lengths are reported, there should
be a clear statement to this effect (e.g.
‘down hole length, true width not
known’).
• No relationship is made between
mineralisation width and intercept lengths
Diagrams • Appropriate maps and sections (with
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These should
include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional views.
• Appropriate location diagrams are
presented in the text. These diagrams are
indicative only as no assumptions of
grade, extent or depth are made.
Balanced
reporting
• Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low
and high grades and/or widths should
be practiced to avoid misleading
reportingof Exploration Results.
• Only pertinent results are given as due to
the relevance of the announcement.
Other
substantive
exploration
data
• Other exploration data, if meaningful
and material, should be reported
including (but not limited to):
geological observations; geophysical
survey results; geochemical survey
results; bulk samples – size and method
of treatment; metallurgical test results;
bulk density, groundwater, geotechnical
and rock characteristics;potential
• There is no other substantive exploration
data provided or withheld as this
announcement deals with this early phase
exploration target.

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Criteria JORC Code explanation Commentary
deleterious or contaminating
substances.
Further work • The nature and scale of planned further
work (e.g. tests for lateral extensions or
depth extensions or large-scale step-
out drilling).
• Diagrams clearly highlighting the areas
of possible extensions, including the
main geological interpretations and
future drilling areas, provided this
information is not commercially
sensitive.
• The metallurgical testing has just
commenced, refining techniques will be
applied to achieve a 30-40% Sb
concentrate with a >70% Sb recovery. A
drilling plan is underway with APO lodged
but as yet not approved. Once approved
RC drilling of ~2000m is planned. A
ground resist survey is also planned to
assist in the delineation of the
hydrothermal zones possibly containing
the antimony mineralisation.
• Diagrams of the sampling positions have
beenprovided in the text.

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