RESOLUTION MINERALS LTD — Capital/Financing Update 2023

Feb 9, 2023

10 February 2023

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NEW HIGH PURITY SILICA SAND & URANIUM PROJECT

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Figure 1. George Project, South Australia, with Etadunna Silica Sands Prospect and neighbouring Uranium mines.

HIGHLIGHTS:

• Recently granted large land holding of 3,609km[2] at the George Project is prospective for High Purity Silica Sands (HPSS) and Kazakhstan-style roll-front Uranium mineralisation

• High-purity silica sand Etadunna Prospect:

• defined over 1km[2] by historical drilling and remains open in all directions

• ~34m thick, with hole D-6 intersecting 34m @ 99.87% SiO2 from 2m and open at depth

• o requires further drill sampling and a Scoping Study including metallurgical test work

• • High-purity silica sand is in demand for an increasing number of industrial and technological products, with high-purity sand end-uses including the electric vehicle sector and solar panels

• • Uranium: Rock chips up to 215ppm Uranium (U) demonstrate the potential for underlying Kazakhstan-style roll-front uranium mineralisation

• The region hosts Heathgate Resources’ operating Four Mile East Uranium mine in the Beverley region and other active explorers, including Alligator Energy and Tri-Star Minerals

• Further assessment of historical data and securing of land access is underway to advance the 2023 work programs for a high-purity silica sand Scoping Study and uranium exploration

• The 100% Company owned George Project complements Resolution’s new energy metals portfolio and provides RML with a low-cost opportunity to maximise shareholder value

CAPITAL STRUCTURE Ordinary Shares Issued 1,080 M

Last Capital Raise Oct-22 - Placement $1.0M @ 1.0c Level 4, 29 King William Street Adelaide SA 5000 www.resolutionminerals.com

BOARD Duncan Chessell - Chair Mark Holcombe - Exec Director Dr Paul Kitto - TED Jarek Kopias - Co Sec, CFO

Options and rights Listed options 74 M @ 12c Listed options 625 M @ 1.5c Unlisted options 79 M @ 3c Unlisted performance rights 42 M

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Chairman, Duncan Chessell commented

Resolution Minerals is delighted with the addition of the recently granted SA George Project with dual in-demand commodities of uranium and high-purity silica sands, complementary to the Company’s critical energy metals portfolio in a favourable mining jurisdiction.

Resolution generated the George Project in response to the looming energy crisis. We believe uranium will become a critical part of the solution to a net zero emissions future, as it will provide a clean, affordable and reliable baseload power source. The opportunity of near-surface HPSS was identified subsequently, by RML geologists as they assessed the George Project with a broader view of mineral prospectivity. The team recognised the significance of the HPSS in the context of increased commodity prices and the essential role played in the renewable energy sector.

Our Geology Team, alongside other exploration activities, will undertake a low-cost Scoping Study this year to assess the HPSS potential with drilling, laboratory test work and marketing to evaluate the economic potential. As HPSS is classified as an extractive mineral in South Australia, this could offer a relatively short timeframe for low-cost production.

Resolution Minerals Ltd ( RML or Company ) (ASX: RML ) is pleased to announce 100% interest in the new strategic George Silica Sand & Uranium Project.

Resolution is focussed on building a portfolio of quality critical energy metals projects with commodities required to meet future global demands for a carbon-neutral economy. RML holds multiple Australian projects prospective for copper, cobalt, manganese, lead, zinc, uranium and holds ~5% stake in Midwest Lithium – all commodities in high demand and critical for the transition to a carbon-neutral economy. The addition of the George Project, prospective for both High Purity Silica (HPSS) and uranium is well aligned with this strategy.

The George Project is prospective for paleo-channel style uranium deposits, also known as Kazakhstan style roll-front mineralisation. Almost half of the worlds annual uranium production comes from Kazakhstan (46% in 2021 - source UxC LLC) using in-situ recovery, a low-impact low-cost mining technique. This style of deposit is demonstrated to the east of the George Project in the well-recognised Frome Embayment with existing uranium mines such as Beverly and Four-Mile. The source of uranium, the Mt Painter Inlier, lies in-between the George Project and the Frome Embayment with uranium dispersing both to the east and the west for potentially hundreds of kilometres ( Figure 3 ) as it does in Kazakhstan. Analysis of the uranium potential will be undertaken in parallel with the HPSS Scoping Study.

The George Project is positioned within the Eromanga Basin, which contains Cretaceous shales, siltstones, sandstones and non-marine coal measures, which are unconformably overlain, by Tertiary Sediments of the Lake Eyre Basin, host to quartz sands units within the Eyre Formation.

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Historical Results – High Purity Silica Sand

Silica Sands were unexpectedly encountered on the George Project by Adavale Resources, whilst exploring for sedimentary hosted uranium and phosphate in 2009. B.R. Senior & Associates Pty Ltd completed a review (May 2009 for Adavale) of D-6 and reported 0.1-0.5mm grain sizing and XRF analysis identifying 0.11% Fe contamination followed by Zr, Sr, Zn, Mn. Average contaminants total 0.13%, making SiO2 grade 99.87% over 34m from 2m ( Table 1a ). Further laboratory analysis is warranted as other clay mineral contaminants, which weren’t detected by XRF analysis, such as Aluminum (Al), may be present.

According to petrology reports, the sand grains are very fine to fine grain (0.1mm to 0.5mm), polished, transparent, well-rounded and form part of the Eyre Formation of early-Tertiary age.

A series of RAB drill holes (D-4 to D-16) were completed across the Etadunna Silica Sands Prospect ( Figure 2 ) with the horizon of interest reporting SiO2 assays between 97% and 99%, which could be upgraded by visual screening and washing.

Some concern was raised that downhole contamination had occurred during RAB sampling leading to downgrading in the purity of the sand. Consequently, three RC holes (D-17, D-18 and D-19) were completed as twin holes to three of the RAB holes. Assays from the RC holes returned improved SiO2 quality with higher values exceeding 99% SiO2 ( Figure 2 ).

Petrological analysis of drill samples from RC holes indicate the SiO2 component can be upgraded from an average of 98.4% through removal of interstitial clay and iron oxide grains to 99.3%.

According to historical geological consulting reports by B.R. Senior & Associates Pty Ltd, the known size of the sand occurrence is 1km in length, 1km in width and up to 34m in thickness and remains open in all directions and open at depth ( Figure 2 ).

Exploration Manager, Christine Lawley commented:

Silica Sand is highly sought after, for an increasing number of industrial and technological products, with high-purity sand, end uses including the electric vehicle sector and glass panels used for solar photovoltaic cells.

Resolution is excited to have picked up a project with high-purity silica sand, over a 1km x 1km area, open in all directions and open at depth with a high potential for further occurrences within tenure.

The Company is also investigating the uranium potential of the area, which was recognised by detailed uranium prospectivity studies completed by the Centre for Exploration Targeting (CET) in collaboration with Regalpoint Resources. The multi-year study commenced in 2006 and resulted in the identification of carnotite-bearing rock chips, anomalous in uranium.

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• Figure 2. Historical Etadunna Silica Sand Prospect diagram including fine silica and undifferentiated sand units. (source – Adavale Resources Annual Report, 2010).

The Company is relying on historical reports in which the analytical techniques used were not stated fully. The Company plans to conduct its own drilling and collect new samples to confirm the voracity of the historical data.

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Historical Results – Uranium

According to detailed uranium prospectivity studies completed by the Centre for Exploration Targeting (CET) in collaboration with Regalpoint Resources, the George Project has all of the mineral system components present to form sandstone-hosted uranium deposits including;

• Source: uranium rich source rocks (Mt Painter granites ~120km to the southeast)

• Pathway: palaeochannels and permeable strata providing a pathway for uranium transport

• Trap: reduced sequences, providing redox boundaries for uranium deposition

In addition, deep structures releasing hydrocarbons from depth, may form a reductive curtain, enhancing potential deposition and preservation of mineralisation.

A schematic illustration of the conceptual uranium mineralisation model for the George Project highlights the location of tenure relative to the known uranium occurrences corresponding to the Mt Painter source rocks ( Figure 3 ).

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Figure 3. Schematic diagram of conceptual uranium mineralisation model for the George Project

Historical exploration has been limited within the George Project area, although significant uranium anomalism and the presence of a palaeochannel network (fluid pathway) has been confirmed between the project area and Mt Painter (source rocks).

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A magnetic and radiometric airborne survey was flown in 2008 by Regalpoint Resources, which identified zones of elevated uranium response ( Figure 4 ). Follow up ground truthing was undertaken across these zones in 2009 with a handheld spectrometer and grab samples were taken for geochemical analysis. Spectrometer readings were 10 x background and samples were identified bearing carnotite (yellow uranium mineral) within silicified sandstones ( Figure 5 ), which could reflect significant mineralisation at depth. Laboratory results returned multiple samples exceeding 100ppm, with a maximum sample of 215ppm Uranium.

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Figure 4. George Project rock chip locations coloured to U ppm. Background image: open source radiometrics (U), SA Government SARIG website.

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Figure 5.[1] Carnotite in silicified sandstone. Red circles are ~5mm in diameter (Regalpoint Resources Prospectus, 2011).

1Cautionary Note: Visual observations relating to the abundance of carnotite crystals logged in the rock chips should not be considered a substitute for a laboratory analysis. Assay results are required to determine the widths and grade of mineralisation identified in geological logging. The company will update the market when laboratory results become available from future work programs.

Next Steps

A full desktop review will be completed over coming months, which will include reprocessing of opensource geophysical datasets and digitisation of historical drillhole data.

Attempts will be made to recover any existing historical drill cuttings via the South Australian core library. If available, analysis will be completed on the cuttings to confirm the high purity of the silica.

An application for a heritage survey, environmental approvals and land access notifications are underway. This will be followed by a reconnaissance trip to assess access and confirm surface geochemistry.

Results of the desktop review will inform other exploration plans with drilling under consideration as part of a scoping study including new metallurgical test work.

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Authorised for release by the board of Resolution Minerals Ltd

For further information, please contact Julian Harvey

Julian Harvey

Investor Communications Resolution Minerals Ltd M: +61 404 897 584 j.harvey@resolutionminerals.com

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Figure 6. Resolution’s Projects; Including 100% interest in South Australian George Project and Northern Territory Farm-in agreements in place on Wollogorang and Benmara Projects

Competent Person Statement

The information in this report related to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on data compiled by Ms Christine Lawley, a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a Registered Professional Geoscientist (RPGEO) in field of Mineral Exploration with the Australian Institute of Geoscientists (MAIG). Ms Christine Lawley holds shares, options and performance rights in and 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 her information in the form in which it 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 historical results that have not previously been released under JORC 2012 by the Company.

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Appendix 1. Summary of drill hole details at the George Project, South Australia.

Table 1a: Historical RAB drill hole D-6 XRF analysis for the George Project, South Australia – See collar location under Table 1b.

Hole ID	From (m)	To (m)	Fe ppm	Zr ppm	Sr ppm	U ppm	Rb ppm	As ppm	Zn ppm	Cu ppm	Ni ppm	Mn ppm	Th ppm	Pb ppm	Hg ppm	Total %
D-6 (RAB)	2	36	1098	147	33	0.411	0.264	0.676	10.76	1.735	1.264	3.735	0.352	0.205	0.264	0.13
Inclu- ding	2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35	3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36	2219 2244 2083 1119 1094 1136 1295 1178 1144 1057 943 771 1222 749 725 783 793 759 900 948 633 523 631 748 1273 1524 789 1061 1206 859 1019 1241 1283 1394	251 201 261 228 225 209 155 205 160 148 184 170 158 91 128 96 135 84 81 153 78 66 92 84 162 208 96 73 180 68 149 174 146 96	76 103 72 61 45 48 80 35 35 26 28 26 33 23 24 23 25 23 21 26 18 15 17 21 31 35 17 18 22 16 21 15 17 27	- - - - - - - - - 14 - - - - - - - - - - - - - - - - - - - - - - - -	- - 4 - - - - - - - - - - - - - - - - - - - - - 2 - - - - - 3 - - -	- 6 - - - 6 - - - - - - - 5 - - - - - - - - - - - - 6 - - - - - - -	- 12 - 33 - 10 14 - - - 12 - 20 - 10 - - 14 12 61 31 - - - 14 19 12 10 17 13 - 15 18 19	- - - - - - - - - - - - 20 - - - - - - - - - - - - - - - 20 - - - 19 -	- - - - - - - - - - - - - - - 43 - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 127 -	- - - - - - 7 - - - - - - - - - - - - - - - - - - - - - 5 - - - - -	- - - - - - - - - - - - - - - - - - 7 - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - 9 - - - - - - - - -	0.25 0.26 0.24 0.14 0.14 0.14 0.16 0.14 0.13 0.12 0.12 0.10 0.15 0.09 0.09 0.09 0.10 0.09 0.10 0.12 0.08 0.06 0.07 0.09 0.15 0.18 0.09 0.12 0.15 0.10 0.12 0.14 0.16 0.15

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Table 1b: Historical RAB and RC drill collar location and silica sand intervals (SiO2%) ICE analysis for the George Project, South Australia.

Hole ID	Easting	Northing	RL (m)	EOH Depth	From (m)	To (m)	Interval (m)	SiO2 %
D-4(RAB)	259880	6809701	30	52	-	-	-	No Assay
D-5 (RAB)	261991	6813061	20	26	-	-	-	No Assay
D-6 (RAB)	269381	6821711	23	35	10	35	25	98.1
				Including	10 15 20 25 30	15 20 25 30 35	5 5 5 5 5	97.6 98.1 98.6 97.5 98.5
D-7 (RAB)	274771	6828801	20	38	-	-	-	No Assays
D-9 (RAB)	269720	6821830	21	39	5	35	30	98.2
				Including	5 10 15 20 25 30	10 15 20 25 30 35	5 5 5 5 5 5	97.4 98.9 98.8 98.8 97.8 97.6
D-10(RAB)	269597	6821479	26	47	15	45	30	97.6
				Including	15 20 25 30 35 40	20 25 30 35 40 45	5 5 5 5 5 5	97.1 97.8 97.8 97.8 98.2 97.0
D-11(RAB)	269298	6821830	24	35	10	35	25	98.1
				Including	10 15 20 25 30	15 20 25 30 35	5 5 5 5 5	98.2 97.4 98.8 98.5 97.7
D-12 (RAB)	269134	6822050	25	35	10	15	5	97.1
D-12 (RAB)	269134	6822050	25	35	20	35	15	97.9
				Including	20 25 30	25 30 35	5 5 5	97.5 98.7 97.6
D-13 (RAB)	269295	6821410	26	35	10	35	25	98.3

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				Including	10 15 20 25 30	15 20 25 30 35	5 5 5 5 5	98.4 98.0 98.4 98.4 98.4
D-14 (RAB)	269107	6821215	29	41	15	40	25	98.1
				Including	15 20 25 30 35	20 25 30 35 40	5 5 5 5 5	97.6 97.2 98.6 98.8 98.5
D-15 (RAB)	269824	6821320	28	41	20	35	15	98.2
				Including	20 25 30	25 30 35	5 5 5	98.2 98.2 98.1
D-16 (RAB)	269901	6822001	19	41	0	5	5	97.1
D-16 (RAB)	269901	6822001	19	41	15	40	25	98.3
				Including	15 20 25 30 35	20 25 30 35 40	5 5 5 5 5	98.1 98.2 98.6 98.7 98.0
D-17 (RC twin of D-9)	269721	6821827	21	38	4	24	20	97.9
				Including	4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22	5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23	1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1	97.6 98.4 98.3 98.8 98.8 98.7 98.6 98.9 98.7 97.0 98.8 98.6 99.1 97.2 98.5 89.3 97.9 99.3 97.1

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					23	24	1	97.9
D-18 (RC twin of D-13)	269294	6821408	26	35	8	16	8	98.3
					8 9 10 11 12 13 14 15	9 10 11 12 13 14 15 16	1 1 1 1 1 1 1 1	98.2 98.0 98.0 97.4 98.2 98.7 98.6 99.0
D-19 (RC twin of D-11)	269300	6821829	24	35	6	13	7	97.8
					6 7 8 9 10 11 12	7 8 9 10 11 12 13	1 1 1 1 1 1 1	98.4 98.0 98.4 97.4 96.9 98.0 97.3
C-5 (RAB)	247681	6770751	43	51	-	-	-	No Assay

Note: RC holes were drilled to follow up RAB drilling results to obtain a less contaminated sample.

Notes for Tables 1b

1. An accurate dip and strike and the controls on mineralisation are yet to be determined and the true width of the intercepts is not yet known.

2. Coordinates are in MGA94, Zone 54.

3. Drill rods length is unknown, RAB samples were submitted as 5m composite intervals. RC samples were submitted as 1m individual samples (no compositing).

4. Elevation and Hole Depth are in metres.

5. All holes were drilled vertically, therefor the dip is 90 degrees and the azimuth is not applicable.

6. Results are historical and diameter RAB and RC chip drilling is unknown.

7. No Assay = No assays were available in historical reports for the drillhole.

8. A cut-off grade of 97% SiO2 was applied to these results as the historical RAB drilling was likely to have clay contamination, reducing the purity of the underlying formation. This will be revised for new drilling results in the future.

9. No more than 1m of internal dilution has been applied.

10. Table 1a and 1b results for drill hole D-6 SiO2 purity are inconsistent due to XRF being unable to detect Al content, which is attributed to interstitial clay. According to petrology, interstitial clay can be removed, allowing for upgrading of the SiO2 content.

The Company is relying on historical reports in which the analytical techniques used were not stated fully. The Company plans to conduct its own drilling and collect new samples to confirm the voracity of the historical data.

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Table 1c: Historical rock chip sample location and assays for uranium exploration on the George Project, South Australia.

Sample No.	Site	Easting MGAZ54	Northing MGAZ54	Sample Material	U ppm	V ppm	Th ppm	1Visual Carnotite Est %
67576	LG06	253137	6778311	Float	35	339	5	<0.5
67577	LG06	253210	6778369	Float	41	271	11	<0.5
67578	LG19	253630	6771010	Float	91	24	<5	0.5-1
67580	LG02	288467	6814288	Outcrop	101	113	<5	0.5-2
67581	LG01	285888	6812872	Subcrop	133	100	6	0.5-2
67582	LG01	286008	6813051	Subcrop	96	45	8	0.5–1.5
67583	LG09	285586	6810331	Float	215	50	<5	1-3
67584	LG03	287578	6808152	Outcrop	135	178	<5	0.5-2
67585	LG08	284920	6805365	Outcrop	126	46	<5	0.5-2
67586	LG04	289227	6803641	Outcrop	109	75	<5	0.5–1.5
67587	LG14	289426	6802652	Outcrop	52	269	12	<0.5
67589	LG18	257728	6779321	Float	124	304	6	0.5-2

Results exceeding 100ppm in bold.

1Cautionary Note: Visual observations relating to the abundance of carnotite crystals logged in the rock chips should not be considered a substitute for a laboratory analysis. Assay results are required to determine the widths and grade of mineralisation identified in geological logging. The company will update the market when laboratory results become available from future work programs.

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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 George Project, South Australia.

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	•	No drilling or surface sampling has
techniques	channels, random chips, or specific		been undertaken by Resolution
	specialised industry standard measurement		Minerals on the George Project,
	tools appropriate to the minerals under		although limited historical drilling
	investigation, such as down hole gamma		and surface sampling exists.
	sondes, or handheld XRF instruments, etc.).	•	Historical drill hole and surface
	These examples should not be taken as		sample coordinates are in UTM
	limiting the broad meaning of sampling.		grid (MGA94 Zone 54) and have
	• Include reference to measures taken to		been measure by handheld GPS
	ensure sample representivity and the		with a lateral accuracy of ±4
	appropriate calibration of any measurement		metres and a vertical accuracy of
	tools or systems used.		±5 metres.
	• Aspects of the determination of mineralisation	•	Additional details from historical
	that are Material to the Public Report.		drilling and surface sampling are
	• In cases where ‘industry standard’ work has		unknown.
	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-	•	No drilling has been undertaken by
techniques	hole hammer, rotary air blast, auger, Bangka,		Resolution Minerals on the George
	sonic, etc.) and details (e.g. core diameter,		Project, although limited historical
	triple or standard tube, depth of diamond tails,		drilling and surface sampling
	face-sampling bit or other type, whether core		exists.
	is oriented and if so, by what method, etc.).	•	Historical exploration drilling
			includes: 13 RAB and 3 RC holes
			(Adavale, 2009) and 2 Non-
			recorded (Broken Hill Company,
			1949).
		•	Additional details from historical
			drilling and surface sampling are
			unknown.

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Criteria	JORC Code explanation	Commentary	Commentary
Drill sample	• Method of recording and assessing core and	•	No drilling has been undertaken by
recovery	chip sample recoveries and results assessed.		Resolution Minerals on the George
	• 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	•	Project, although limited historical drilling and surface sampling exists. Additional details from historical drilling and surface sampling are unknown.
	loss/gain of fine/coarse material.
Logging	• Whether core and chip samples have been	•	No drilling has been undertaken by
	geologically and geotechnically logged to a		Resolution Minerals on the George
	level of detail to support appropriate Mineral		Project, although limited historical
	Resource estimation, mining studies and		drilling and surface sampling
	metallurgical studies.		exists.
	• Whether logging is qualitative or quantitative	•	Additional details from historical
	in nature. Core (or costean, channel, etc.)		drilling and surface sampling are
	photography.		unknown.
	• The total length and percentage of the
	relevant intersections logged.
Sub-	• If core, whether cut or sawn and whether	•	No drilling has been undertaken by
sampling	quarter, half or all core taken.		Resolution Minerals on the George
techniques	• If non-core, whether riffled, tube sampled,		Project, although limited historical
and sample	rotary split, etc. and whether sampled wet or		drilling and surface sampling
preparation	dry.		exists.
	• For all sample types, the nature, quality and	•	Additional details from historical
	appropriateness of the sample preparation		drilling and surface sampling are
	technique.		unknown.
	• 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.

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Criteria	JORC Code explanation	Commentary	Commentary
Quality of	• The nature, quality and appropriateness of	•	No drilling has been undertaken by
assay data	the assaying and laboratory procedures used		Resolution Minerals on the George
and	and whether the technique is considered		Project, although limited historical
laboratory	partial or total.		drilling and surface sampling
tests	• For geophysical tools, spectrometers,		exists.
	handheld XRF instruments, etc., the	•	Drill samples have been analysed
	parameters used in determining the analysis		by laboratory XRF and IC4
	including instrument make and model,		methods.
	reading times, calibrations factors applied and	•	Additional details from historical
	their derivation, etc.		drilling and surface sampling are
	• Nature of quality control procedures adopted		unknown.
	(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	•	No drilling has been undertaken by
of sampling	either independent or alternative company		Resolution Minerals on the George
and	personnel.		Project, although limited historical
assaying	• The use of twinned holes.		drilling and surface sampling
	• Documentation of primary data, data entry		exists.
	procedures, data verification, data storage	•	Three RC drill holes were twins of
	(physical and electronic) protocols.		RAB drill holes as indicated in
	• Discuss any adjustment to assay data.		Table 1.
		•	Limited primary documentation
			was obtained which included
			historical company reports and
			other information was obtained via
			open file of Annual Technical
			Reports to the state regulator.
		•	Additional details from historical
			drilling and surface sampling are
			unknown.
Location of	• Accuracy and quality of surveys used to	•	All maps and locations are in UTM
data points	locate drill holes (collar and down-hole		grid (MGA94 Zone 54) and have
	surveys), trenches, mine workings and other		been measured by handheld GPS
	locations used in Mineral Resource		with a lateral accuracy of ±4
	estimation.		metres and a vertical accuracy of
	• Specification of the grid system used.		±5 metres. Collar RLs have been
	• Quality and adequacy of topographic control.		adjusted to the Shuttle Radar
			Topography Mission (SRTM)
			digital elevation model (DEM) of
			the Earth to obtain sub 5 metre
			vertical accuracy.

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Criteria	JORC Code explanation	Commentary	Commentary
Data spacing	• Data spacing for reporting of Exploration	•	No drilling has been undertaken by
and	Results.		Resolution Minerals on the George
distribution	• Whether the data spacing, and distribution is		Project, although limited historical
	sufficient to establish the degree of geological		drilling and surface sampling exists.
	and grade continuity appropriate for the	•	Data spacing is insufficient to
	Mineral Resource and Ore Reserve		establish the degree of geological
	estimation procedure(s) and classifications		and grade continuity required for a
	applied.		Mineral Resource estimation.
	• Whether sample compositing has been	•	Sample composting has not been
	applied.		applied to these exploration
			results.
Orientation	• Whether the orientation of sampling achieves	•	No drilling has been undertaken by
of data in	unbiased sampling of possible structures and		Resolution Minerals on the George
relation to	the extent to which this is known, considering		Project, although limited historical
geological	the deposit type.		drilling and surface sampling exists.
structure	• If the relationship between the drilling	•	The relationship between the
	orientation and the orientation of key		drilling orientation and the
	mineralised structures is considered to have		orientation of key mineralised
	introduced a sampling bias, this should be		structures has not been confirmed.
	assessed and reported if material.
Sample	• The measures taken to ensure sample	•	No drilling has been undertaken by
security	security.		Resolution Minerals on the George
			Project, although limited historical
			drilling and surface sampling
			exists.
		•	Additional details from historical
			drilling and surface sampling are
			unknown.
Audits or	• The results of any audits or reviews of	•	No drilling has been undertaken by
reviews	sampling techniques and data.		Resolution Minerals on the George
			Project, although limited historical
			drilling and surface sampling
			exists.
		•	Additional details from historical
			drilling and surface sampling are
			unknown.
		•	No review has been undertaken by
			Resolution Minerals at this time.

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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	•	Resolution Minerals Ltd has a
tenement	ownership including agreements or material		100% interest in EL6838, EL6839,
and land tenure	issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites,		EL6840 Mineral Exploration Licenses and Application ELA2022-099. Discussions with
status	wilderness or national park and environmental		the Dieri Aboriginal Corporation
	settings.		are in early stages – the Native
	• The security of the tenure held at the time of		Title holders to negotiate a NTMA
	reporting along with any known impediments		(access agreement).
	to obtaining a licence to operate in the area.	•	The George Project consists of
			3,609km2falls within Etadunna
			Station, Dulkaninna Station,
			Clayton Station and Muloorina
			Station, South Australia.
		•	The George Project is centred
			approximately 85km NNE of
			Maree.
		•	The tenure is in good standing and
			while a NTMA agreement has not
			been completed with the Dieri
			Aboriginal Corporation other
			parties are exploring in the region
			no known impediments exist.
Exploration	• Acknowledgment and appraisal of exploration	•	Previous exploration work on the
done by other parties	by other parties.		George Project includes; Surface Geochemical Sampling: Surface rock chips and handheld
			spectrometer readings.
			Airborne Geophysics:
			Radiometric, Magnetics and
			Tempest AEM
			Ground Geophysics:Gravity &
			Seismic.
			Exploration Drilling:18 drill holes
			have been completed within the
			George Project tenements.
			2 non-recordeddrill holes OLD
			KOPPERAMANNA BORE & NEW
			KOPPERAMANNA BORE (Broken
			Hill Company, 1949).
			13 RABdrill holes D-4 to D-7, D-9
			to D-16 and C-5 (Adavale, 2009).
			3 RCdrill holes D-17 to D-19
			(Adavale,2009).
Geology	• Deposit type, geological setting and style of	•	Resolution Minerals Ltd is primarily
	mineralisation.		exploring for silica sands (e.g.
			Muchea, Cape Flattery) and
			sandstone-hosted roll front style

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Criteria	JORC Code explanation	Commentary	Commentary
			uranium mineralisation (e.g.
			Beverly, North Beverly, Four Mile
			East), both hosted within the Eyre
			Formation, South Australia.
		•	The project is considered
			prospective for sandstone-hosted
			uranium based on the presence of
			source rocks (Mt Painter granites),
			fluid pathways (palaeochannels
			based on geophysical modelling)
			and redox trap sites (reduced
			Cretaceous and Tertiary
			sequences).
		•	Some historical uranium surface
			occurrences are present within
			tenure and historical exploration
			holes have intersected silica sands
			over a 1km square area.
Drill hole	• A summary of all information material to the	•	No drilling has been undertaken by
Information	understanding of the exploration results including a tabulation of the following		Resolution Minerals, although limited historical drilling and
	information for all Material drill holes:		surface sampling exists.
	o easting and northing of the drill hole collar	•	See Appendix 1 summary table of
	o elevation or RL (Reduced Level –		drill hole results.
	elevation above sea level in metres) of the	•	An accurate dip and strike and the
	drill hole collar		controls on mineralisation are yet
	o dip and azimuth of the hole		to be determined and the true
	o down hole length and interception depth		width of the intercepts is not yet
	o hole length.		known.
	• If the exclusion of this information is justified	•	Additional details from historical
	on the basis that the information is not		drilling and surface sampling are
	Material and this exclusion does not detract		unknown.
	from the understanding of the report, the
	Competent Person should clearly explain why
	this is the case.
Data	• In reporting Exploration Results, weighting	•	No drilling has been undertaken by
aggregation methods	averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually		Resolution Minerals, although limited historical drilling and surface sampling exists.
	Material and should be stated.	•	The focus of historical drilling was
	• Where aggregate intercepts incorporate short		primarily uranium exploration, with
	lengths of high-grade results and longer		later silica sand focus. Older water
	lengths of low-grade results, the procedure		bores are also present.
	used for such aggregation should be stated	•	Additional details from historical
	and some typical examples of such		drilling and surface sampling are
	aggregations should be shown in detail.		unknown.
	• The assumptions used for any reporting of	•	Visual observations relating to the
	metal equivalent values should be clearly		abundance of carnotite crystals
	stated.		logged in the rock chips should not
			be considered a substitute for a
			laboratoryanalysis. Assayresults

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Criteria	JORC Code explanation	Commentary	Commentary
			are required to determine the
			widths and grade of mineralisation
			identified ingeological logging.
Relationship	• These relationships are particularly important	•	No drilling has been undertaken by
between	in the reporting of Exploration Results.		Resolution Minerals, although
mineralisati on widths and	• If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole		limited historical drilling and surface sampling exists. Additional details from historical drilling and surface sampling are unknown.
intercept	lengths are reported, there should be a clear	•	Down hole length has been
lengths	statement to this effect (e.g. ‘down hole length, true width not known’).		reported, as true width is not known, as insufficient work has
			been undertaken to understand
			the true width of intervals.
		•	“Down hole length, true width not
			known” is stated in the notes to
			Table 1a.
Diagrams	• Appropriate maps and sections (with scales)	•	No drilling has been undertaken by
	and tabulations of intercepts should be		Resolution Minerals, although
	included for any significant discovery being		limited historical drilling and
	reported These should include, but not be		surface sampling exists.
	limited to a plan view of drill hole collar	•	Additional details from historical
	locations and appropriate sectional views.		drilling and surface sampling are
			unknown.
Balanced	• Where comprehensive reporting of all	•	No drilling has been undertaken by
reporting	Exploration Results is not practicable, representative reporting of both low and high		Resolution Minerals, although limited historical drilling and
	grades and/or widths should be practiced to		surface sampling exist.
	avoid misleading reporting of Exploration	•	Additional details from historical
	Results.		drilling and surface sampling are
			unknown.
Other	• Other exploration data, if meaningful and	•	No substantive exploration data
substantive	material, should be reported including (but not		has been collected by Resolution
exploration data	limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and		Minerals.
	method of treatment; metallurgical test
	results; bulk density, groundwater,
	geotechnical and rock characteristics;
	potential deleterious or contaminating
	substances.
Further	• The nature and scale of planned further work	•	A range of exploration techniques
work	(e.g. tests for lateral extensions or depth		are being considered to progress
	extensions or large-scale step-out drilling).		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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