RESOLUTION MINERALS LTD — Capital/Financing Update 2020

Sep 23, 2020

24 September 2020

BOUNDARY PROSPECT RESULTS - POGO TREND 64NORTH PROJECT, ALASKA

Exploration Summary

• CSAMT geophysics survey over historic high-grade gold drill intersections, up to 35g/t Au, identifies coincident anomaly and potential extensions at the Boundary Prospect, East Pogo Block.

• Boundary Prospect is located on Pogo Trend between Northern Star’s Pogo Gold Mine and recent discovery by Tectonic Metals at the Tibbs Project (Figure 2).

• A new larger second target of 2.2km x 1.5km in size was also identified by the CSAMT survey 900m to the south-west of historic drilling.

• Surface rock chip sampling over this new target has identified sulphide bearing quartz boulders - assay results expected in late October .

• Drilling targets for the 2021 summer season will be prioritised after assay results are received.

Managing Director, Duncan Chessell commented, “Identification of new drill targets and extensions

of historic prospects using modern geophysics demonstrates the Camp Scale potential for the region and how highly prospective and under explored the 64North Project remains.”

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Figure 1 Boundary Prospect new CSAMT geophysical survey results

CAPITAL STRUCTURE

BOARD

Ordinary Shares Issued 279 M

Options and rights Listed options 6.1 M @ 10c Unlisted options 12.3 M @ 25c Unlisted options 13.4 M @ 6c Unlisted rights 7.5 M

Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise August 2020 - Placement & SPP $5.1M @ 7c

Len Dean - Chair Duncan Chessell - MD Andrew Shearer - NED Craig Farrow - NED Jarek Kopias - Co Sec

Level 4, 29-31 King William Street, Adelaide SA 5000

ASX RELEASE

Resolution Minerals Ltd ( RML, Resolution or Company ) is pleased to announce results from the Boundary Prospect CSAMT ground-based geophysical survey. The survey was undertaken as part of a larger regional field campaign in the summer season, to define high priority drill ready targets from 30 regional prospects. Field teams were deployed by helicopter to the highest ranked regional prospects.

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Boundary
Prospect
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Figure 2 The Boundary Prospect is 26km east of the Pogo Gold Mine on the “Pogo Trend” and 11km NW of the Tectonic Metals Tibbs Project also on the Pogo Trend. (Tibbs Project results as per TSXV announcement 15/9/2020 Tectonic Metals)

Boundary Prospect

The Boundary Prospect is located within the Pogo Trend, which includes both Northern Star’s Pogo Gold Mine (10Moz) and Goodpaster Prospect and Tectonic Metals’ (TSXV:TECT) Tibbs Project ( Figure 2 ). The Boundary area is located 26km along strike (ESE) of the Pogo Gold Mine and 11km NW of the Tibbs Project (15 September 2020 TSX-V Tectonic Metals announcement of drilling results: 9.14m @ 6.71g/t Au from 102m including 3.05m @ 19.3 g/t Au from 107m). As with Pogo, the geology is dominated by paragneiss and orthogneiss, intruded by biotite rich granites and diorite and the paleodepth is interpreted to be close to that of Pogo. Structural preparation is also evident across Boundary i.e. conduits to facilitate fluid flow ( Figure 5 ). Historic surface geochemistry at Boundary includes a >100ppb Au broad soil anomaly (Au-Bi-Te-As-W-Sb), which is marked by a multiple high-grade rock chips up to 24.85g/t Au ( Figure 6 ). Surface mineralisation was subsequently followed up with 5 diamond drill holes in 2000 (series BND0001 to BND00-05), plus an additional hole in 2007 (BND07-06) totalling 1690m ( Figure 3 & Figure 6 ).

In Conclusion

The Boundary Prospect exhibits geochemical evidence for both a gold mineralised late fault vein Intrusion Related Gold System (IRGS) mineral system (Au-As-Bi-Sb) and the potential for un-tested Pogo-style (AuBi-Te-As-W) shallow dipping mineralisation ( Figure 14 ). Previous exploration was conducted without the context of Resolution’s new CSAMT geophysical survey data. Drill testing is warranted and will require helicopter support in the 2021 summer field season.

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Historic Drilling + Modern Geophysics

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Figure 3 Historic drill Section A (see Figure 6 for plan view of Section location) overlaying CSAMT Line 1. Gold intersections coincide with a shallow CSAMT anomaly. Deeper anomaly remains untested. Boundary Prospect, East Pogo Block, 64North Project Alaska.

Selected drilling highlights of six (6) historic holes totalling 1690m, Boundary Prospect See RML ASX announcement 13-July-20 for full results.

ASX announcement 13-July-20 for full results.
0.1m @18.1g/t Aufrom 65m (BND00-01)	0.2m @9.1g/t Aufrom 68m (BND00-01)
0.6m @4.1g/t Aufrom 65m(BND00-004)	0.2m @8.3g/t Aufrom 96m(BND00-04)
0.5m @24.3g/t Aufrom 147m (BND00-04)	0.1m @35.2g/t Aufrom 224m (BND00-04)

Historic diamond core holes were not orientated; therefore, the strike and dip of the mineralised veins is unknown. The opportunity exists for RML to follow up historic drilling, which did not effectively test or define the structures controlling the late fault vein mineralisation along strike from high-grade gold intersections. Furthermore, recent detailed field mapping suggests, many of the historic drill holes were targeted without taking structural offsets into consideration and did not have the benefit of modern geophysics.

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CSAMT Geophysics Survey Results

The primary aim of the CSAMT survey was to confirm historic mineralised drill intersections at Boundary could be detected using CSAMT. The secondary aim was to determine potential extensions and likely scale of potential gold mineralisation for drill testing in summer 2021.

The CSAMT survey lines targeted demagnetised zones surrounding discrete magnetic highs (interpreted as diorite), associated with mapped paragneiss and surface geochemical anomalism. Line orientations were designed subparallel to the mapped structures where possible ( Figure 5 ).

Historic late fault vein drill intersections were found to coincides with a narrow, high angled, 400-500 ohmm CSAMT anomaly ( Figure 3 ). Possible repeats of the apparently structurally controlled CSAMT anomaly occur to the south and the anomalies also appears to extend to the east and west along strike. This has significant targeting implications, having validated a CSAMT response associated with known gold mineralisation.

The CSAMT survey has also defined a second target over a large 2.2km by 1.5km, north-west trending, gently north-east dipping anomaly, less than 900m to the south-west. The anomaly appears to be contiguous across multiple CSAMT lines, with the top of the anomaly expressing a depth range from 0- 500m (possibly daylighting towards the west). Field crews have collected surface samples coincident with the surface projection of the anomalies. Sulphide-bearing, quartz boulders were identified. Assays are pending.

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Figure 4 Sulphide-bearing quartz sample collected from the Daydreamer prospector’s pit looking east (see Figure 5 location).

The CSAMT survey has defined an anomaly at depth beneath historic drill hole BDN00-03 (proximal to the Daydreamer prospector’s pit ( Figure 4 & Figure 5 ). BND00-03 was drilled on a shallow angle (45°) and has not tested this anomaly ( Figure 3 ). The large anomaly extends and shallows to the west.

The CSAMT results were followed up with detailed structural mapping and surface geochemical sampling (soil and rock chip – Figure 5 ), focussing on areas which had the potential for the CSAMT anomalies to daylight i.e. surface projections. Once assay results have been received, they will be combined with the CSAMT results and structural mapping to refine targets ready for drill testing during the 2021 summer field season.

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Figure 5 CSAMT survey lines with footprint defined for large anomaly. Follow up surface samples (assays pending) have been plotted (grey squares = Rock, blue circles = Soil). Background imagery is airborne magnetics (ASVI).

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Figure 6 Soil geochemistry (Bi) grid with Au surface geochemical point data and historic drillholes. Drill Section A defined.

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Figure 7 Deposit sizes stated as Endowment (Resources & Reserves + Historic Production) *sourced from Company websites

For further information please contact the authorising officer:

Duncan Chessell Managing Director Resolution Minerals Ltd +61 8 6118 7110

E: info@resolutionminerals.com

Follow RML on LinkedIn or Twitter or visit our website www.resolutionminerals.com

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*Tintinta Gold Province Endowment Map – source of data: Pebble (Northern Dynasty, www.northerndynastyminerals.com), Pogo (Northern Star Resources, www.nsrltd.com), Fort Knox (Kinross, www.kinross.com), Donlin Creek (NovaGold, www.novagold.com), Livengood (International Tower Hill Mines, www.ithmines.com), Eagle & Dublin Gulch (Victoria Gold Corp, www.vgcx.com), Brewery Creek (Golden Predator, www.goldenpredator.com), White Gold (White Gold Corp, whitegoldcorp.ca), Coffee (Newmont, www.newmont.com), Kensington (Coeur Mining,www.coeur.com).

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Appendix 1. CSAMT Survey, East Pogo Block, 64North Project.

Appendix 1a: CSAMT Geophysics Survey Results

CSAMT (Controlled-source Audio-frequency Magnetotellurics) is a ground-based geophysical method, which involves transmitting a controlled electric signal at a suite of frequencies into the ground from one location (transmitter site) and measuring the received electric and magnetic fields in the area of interest (receiver site). These measurements are used to calculate the resistivity structure of the earth, which relates to geology. This technique is used for subsurface mapping and has an effective depth range from 20m to 1000m below surface. The transmitted frequency and the resistivity of the subsurface influences the depth of investigation. In general, the lower the frequency and the higher the ground resistivity, the greater the effective depth of the technique.

Summary Geophysics East Pogo: The Boundary Au Prospect includes high grade (up to 35g/t Au), late fault vein drill intersections ( Figure 14 ), which coincides with a narrow, high angled, 400-500 ohm-m CSAMT anomaly. Possible repeats of the apparently structurally controlled CSAMT anomaly occur to the south and the anomalies also appear to extend to the east and west along strike. A large 2.2km by 1.5km, north-east, shallow dipping anomaly occurs less than 1km to the south-west. The anomaly appears to be contiguous across multiple CSAMT lines, with the top of the anomaly expressing a depth range from 0-500m (possibly daylighting towards the west). Field crews have collected surface samples above the anomalies. Assays are pending.

The magnetic data and historic mapping indicate the area is structurally complex. Structural preparation of host rocks is considered important in many mineral systems because structures provide conduits for mineralising fluids. Furthermore, demagnetised zones in the magnetic data have a strong correlation with the large CSAMT anomaly indicative of fluid flow and magnetically destructive alteration. The host rock across the region has been mapped predominately as paragneiss and orthogneiss with various cross cutting intrusive rock units. Discrete magnetic highs have been interpreted as diorite intrusions. The geology, geochemistry and geophysical signatures seen at Boundary Prospect are analogous to the Goodpaster Prospect and Pogo Gold Mine.

The Goodpaster Prospect and Pogo Gold Mine are structurally controlled, with alteration and associated gold and sulphide mineralised zones expressed as subtle resistivity contrasts (i.e. weakly conductive). Intrusive rocks provide the source for mineralisation and provide the heat to drive mineralising processes. Diorite (an intrusive rock with a strong magnetic signature) is known to be spatially important to mineralisation at the Pogo Gold Mine. Therefore, the combination of magnetics data, with existing ground acquired CSAMT lines provides a very powerful tool for identifying potential fluid pathways, likely structural controls for mineralisation and locations of intrusive rocks. As the known mineralisation in the region is relatively shallow dipping there need not be a surface expression of mineralisation (i.e. a “blind” deposit) making geophysics a crucial tool.

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Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Ms Christine Lawley who is a member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Ms Christine Lawley is a full-time employee of the company 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 ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Ms Christine Lawley consents to the inclusion in the report of the matters based on his information in the form in which it is appears and confirms that the data reported as foreign estimates are an accurate representation of the available data and studies of the material mining project. This report includes results that have previously been released under JORC 2012 by the Company as “Binding agreement earning 80% of Gold Project in Alaska” on 17 October 2019, “Gold Symposium Conference Presentation” on 24 October 2019, “2019 AGM Managing Director’s Presentation” on 26 November 2019, “Operations Update at 64North Project, Alaska” on 31 March 2020, “Exploration Update - 64North Project Alaska” on 14 May 2020, “Drilling Update - 64North Project Alaska” on 24 June 2020, “Investor Presentation - Noosa Mining Virtual Conference” on 13 July 2020, ‘Drilling Commenced at Reflection Prospect – 64North” on 25 August 2020 and “Assays and Operations Update 64North Project Alaska” on 10 September 2020. The Company is not aware of any new information or data that materially affects the information included in this announcement.

Appendix 1b: Location of CSAMT Survey & Raw Images of CSAMT Survey Lines

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Figure 8 Line 6, 2D CSAMT section looking west, East Pogo Block, 64North Project Alaska

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Figure 9 Line 1, 2D CSAMT section looking west, East Pogo Block, 64North Project Alaska

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Figure 10 Line 2, 2D CSAMT section looking west, East Pogo Block, 64North Project Alaska

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Figure 11 Line 3, 2D CSAMT section looking west, East Pogo Block, 64North Project Alaska

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Figure 12 Line 4, 2D CSAMT section looking west, East Pogo Block, 64North Project Alaska

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Figure 13 Line 5, 2D CSAMT section looking north, East Pogo Block, 64North Project Alaska

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Figure 14 Intrusion Related Gold System model (after Lang et al., 2000) annotated with Boundary Prospect “Late Fault Veins”. Also highlighted is the potential for Pogo-style “Flat Replacement Veins” at depth.

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Appendix 2. The following tables are provided to ensure compliance with the JORC Code (2012) requirements for the reporting of the exploration results for the 64North Project – Alaska.

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 (e.g. cut	•	This release relates to results from
techniques	channels, random chips, or specific specialised industry standard measurement		geophysical surveys; this section is not relevant to this release.
	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
	(e.g. ‘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 Au
	that has inherent sampling problems. Unusual
	commodities or mineralisation types (e.g.
	submarine nodules) may warrant disclosure
	of detailed information.
Drilling	• Drill type (e.g. core, reverse circulation, open-	•	This release relates to results from
techniques	hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter,		geophysical surveys; this section is not relevant to this release.
	triple or standard tube, depth of diamond tails,
	face-sampling bit or other type, whether core
	_is oriented and ifso, by what method, etc.). _
Drill sample	• Method of recording and assessing core and	•	This release relates to results from
recovery	chip sample recoveries and results assessed. • Measures taken to maximise sample recovery		geophysical surveys; this section is not relevant to this release.
	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.

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Criteria		JORC Code explanation	Commentary	Commentary
Logging		• Whether core and chip samples have been	•	This release relates to results from
		geologically and geotechnically logged to a		geophysical surveys; this section
		level of detail to support appropriate Mineral		is not relevant to this release.
		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. _
Sub-		• If core, whether cut or sawn and whether	•	This release relates to results from
sampling techniques		quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or		geophysical surveys; this section is not relevant to this release.
and sample		dry.
preparation		• 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
		_grainsize of the material being sampled. _
Quality	of	• The nature, quality and appropriateness of	•	This release relates to results from
assay and	data	the assaying and laboratory procedures used and whether the technique is considered partial or total.		geophysical surveys; this section is not relevant to this release.
laboratory tests		• For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis
		including instrument make and model,
		reading times, 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.
Verification		• The verification of significant intersections by	•	This release relates to results from
of sampling and		either independent or alternative company personnel. • The use of twinned holes.		geophysical surveys; this section is not relevant to this release.
assaying		• Documentation of primary data, data entry
		procedures, data verification, data storage
		(physical and electronic) protocols.
		• Discuss any adjustment to assay data.

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Criteria		JORC Code explanation	Commentary	Commentary
Location	of	• Accuracy and quality of surveys used to	•	This release relates to results from
data points		locate drill holes (collar and down-hole surveys), trenches, mine workings and other		geophysical surveys; therefore the accuracy and quality of surveys
		locations used in Mineral Resource		used to locate drill holes is not
		estimation.		relevant to this release.
		• Specification of the grid system used.	•	The grid system used for the
		• Quality and adequacy of topographic control.		geophysical survey was UTM grid
				(NAD83 Z6N) and survey lines
				have been measured by
				Differential GPS (DGPS) which
				has sub-metre (decimetre) real-
				time vertical and horizontal
				accuracy.
Data		• Data spacing for reporting of Exploration	•	Geophysical survey data was
spacing and distribution		Results. • Whether the data spacing, and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve	•	acquired at 50m stations, with variable line spacing (0.5 – 1.8km) and line lengths (2 - 4km). This release relates to results from
		estimation procedure(s) and classifications		geophysical surveys; therefore the
		applied.		data spacing is not relevant for
		• Whether sample compositing has been		establishing the degree of
		applied.		geological control and grade
				continuity, nor was any sample
				compositingapplied.
Orientation		• Whether the orientation of sampling achieves	•	Geophysical survey data was
of data relation geological structure	in to	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	•	acquired in an orientation to avoid running parallel to the dominant structural trend and therefore maximise structural definition. This release relates to results from
		introduced a sampling bias, this should be		geophysical surveys; therefore
		assessed and reported if material.		drilling orientation and sampling
				bias is not relevant to this release.
Sample		• The measures taken to ensure sample	•	This release relates to results from
security		security.		geophysical surveys; this section is not relevant to this release.
Audits	or	• The results of any audits or reviews of	•	No independent audit was
reviews		sampling techniques and data.		undertaken on the geophysical
				data.
			•	Internal review of all data was
				undertaken by RML geoscientists
				on contractor provided data and
				analysis.
			•	The internal review determined the
				data and analysis are of good
				quality. No issues were identified.

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Section 2 Reporting of Exploration Results

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

Criteria	Criteria		JORC Code explanation	Commentary	Commentary
Mineral			• Type, reference name/number, location and	•	Resolution Minerals Ltd executed a
tenement and land			ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties,		binding agreement with Millrock Resources to acquire, via joint venture earn-in, up to 80% interest
tenure			native title interests, historical sites,		of the 64North Project in Alaska
status			wilderness or national park and environmental settings.		(ASX:RML Announcement 16/12/2019).
			• The security of the tenure held at the time of	•	The total tenement area comprising
			reporting along with any known impediments		the 64North Project consists of
			to obtaining a licence to operate in the area.		1176 State of Alaska claims
					(66,050 hectares).
				•	The 64North Project is located
					approximately 120km east of
					Fairbanks.
				•	The tenure is in good standing and
					noknown impediments exist.
Exploration done by			• Acknowledgment and appraisal of exploration by other parties.	• •	Previous exploration work includes; Surface Geochemical Sampling:
other parties					Pan concentrates, fine silts, silts,
					soils & rock chips. Airborne
					Geophysics: EM, LiDAR,
					Radiometric & Magnetics.
					Ground Geophysics: Magnetics,
					Radio-metrics, EM, VLF-EM,
					NSAMT & CSAMT.
					Exploration Drilling: 46 Diamond.
Geology			• Deposit type, geological setting and style of	•	Resolution Minerals Ltd is primarily
			mineralisation.		exploring for Intrusion Related Gold
					mineralisation (e.g. Pogo-style)
					within the Yukon-Tanana Terrane
					ofthenorthernCordillera,Alaska.
Drill	hole		• A summary of all information material to the	•	This release relates to results from
Information			understanding of the exploration results including a tabulation of the following		geophysical surveys; this section is not relevant to this release.
			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.

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Criteria	Criteria	JORC Code explanation	Commentary	Commentary
Data		• In reporting Exploration Results, weighting	•	This release relates to results from
aggregation methods		averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually		geophysical surveys; this section is not relevant to this release.
		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 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	•	This release relates to results from
between mineralisati		in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its		geophysical surveys; this section is not relevant to this release.
on	widths	nature should be reported.
and intercept		• 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
lengths		length, true width not known’).
Diagrams		• Appropriate maps and sections (with scales)	•	A plan map for the location of the
		and tabulations of intercepts should be		CSAMT survey lines is provided in
		included for any significant discovery being reported These should include, but not be		the body of the report.
		limited to a plan view of drill hole collar
		locations and appropriate sectional views.
Balanced		• Where comprehensive reporting of all	•	This release relates to results from
reporting		Exploration Results is not practicable, representative reporting of both low and high		geophysical surveys; this section is not relevant to this release.
		grades and/or widths should be practiced to
		avoid misleading reporting of Exploration
		Results.
Other		• Other exploration data, if meaningful and	•	A ground CSAMT survey was
substantive exploration		material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical		conducted by Zonge International, over the East Pogo Block of the 64North Project.
data		survey results; bulk samples – size and	•	The survey comprised of 6
		method of treatment; metallurgical test		CSAMT lines for a total of 17.65
		results; bulk density, groundwater,		line km of data. Line orientation
		geotechnical and rock characteristics;		varied, with 4 of the lines trending
		potential deleterious or contaminating		NNW-SSE and 2 of the lines
		substances.		trending WSW-ENE. Data was
				acquired consistently at 50m
				stations, however line spacing
				varied from 0.5-1.8km and line
				lengths between 2-4km.
			•	Instrumentation for the CSAMT
				consisted ofaZONGEGDP-3224,

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Criteria	JORC Code explanation	Commentary	Commentary
			24-bit multi-channel receiver. The
			signal source used was a ZONGE
			GGT10, 10 KVA transmitter
			powered by a ZMG-9, 9 KVA
			motor-generator. The CSAMT
			utilised spreads of four electric-
			field dipoles with an ANT-6
			magnetic coil located in the centre
			of the spread.
		•	The grid system used for the
			geophysical survey was NAD83
			Z6N.
Further	• The nature and scale of planned further work	•	A range of exploration techniques
work	(e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).		are being considered to progress exploration including drilling.
	• Diagrams clearly highlighting the areas of	•	Refer to figures in the body of this
	possible extensions, including the main		report.
	geological interpretations and future drilling
	areas, provided this information is not
	_commercially sensitive. _

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