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RESOLUTION MINERALS LTD Investor Presentation 2018

Mar 19, 2018

65717_rns_2018-03-19_a68daa66-faec-4de4-9896-0cda9784c51a.pdf

Investor Presentation

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AGES 2018

Wollogorang Cobalt Project – Geological setting and exploration

D a v i d R a w l i n g s[1] & G r e g S w a i n[2]

1 - R R C o n s u l t i n g 2 - N o r t h e r n C o b a l t L t d ( “ N 2 7 ” )

N27’s Wollogorang Cobalt Project is a sediment hosted cobalt mineralisation system which has potential for low CAPEX and OPEX options due to:

  • Non-refractory mineralisation (predominantly siegenite - a cobalt sulphide mineral)

  • Cobalt dominant mineralisation occurs from surface

  • Flat lying sediment hosted mineralisation - likely open pit operations

  • Occurs in a supportive first-world mining jurisdiction

THE STANTON COBALT DEPOSIT IS IN THE NORTHERN TERRITORY, AUSTRALIA

NORTHERN COBALT has recognised the growing importance of cobalt sourced from developed world jurisdictions

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DISCLAIMER AND COMPETENT PERSONS STATEMENT

This presentation has been prepared by Northern Cobalt Limited (Northern Cobalt). This document contains background information about Northern Cobalt current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sales of shares or other securities in any jurisdiction. This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission (ASIC)) or any other law.

This presentation does not constitute investment or financial product advice (nor tax, accounting or legal advice) and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities involve risks which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, Northern Cobalt, its officers, employees, agents and advisors do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise are accepted.

This presentation may include forward-looking statements. Forwardlooking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Northern Cobalt. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on

presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law, Northern Cobalt does not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based. The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Michael Schwarz who is a member of the Australian Institute of Geoscientists. Mr Michael Schwarz 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’. Mr Michael Schwarz consents to the inclusion in the report of the matters based on his information in the form in which it is appears.

This report contains historical exploration results announced on 20 September 2017 as “Prospectus” (historical estimate). The Company confirms it is not in possession of any new information or data relating to the historical estimate that materially impacts on the reliability of the estimates or the Company’s ability to verify the historical estimate. Supporting information provided in the announcement of 20 September 2017 continues to apply and has not materially changed. This report also contains exploration results announced on 24 November 2017 as “High Grade First Drill Results - Stanton Cobalt Deposit”, 29 November 2017 as “Further High Grade Cobalt Results - Stanton Cobalt Deposit”, 7 December 2017 as “Stanton Cobalt Resource Remains Open in Multiple Directions”, 22 December 2017 as “Detailed Magnetic Survey over Stanton Cobalt Deposit” and on the 5 February 2018 as “Final Drilling Results 2017 Drilling Program”

The exploration results reported in this announcement are publicly available and have been obtained from the Mineral Deposits and Mines database at the Northern Territory Geological Survey. https://dpir.nt.gov.au/mining-and-energy/STRIKE/strike-help/nt-widegeoscience-datasets. This information is collated and maintained by a government department and is not reported under the JORC 2012 Code and are considered reliable by the Company.

Location

  • NT-QLD border, Gulf of Carpentaria

  • Redbank package – basal component of McArthur-Isa Basin

  • Wearyan Shelf – distal and downstratigraphy to the zinc “package” (HYC, Century, Mt Isa, Walford Ck)

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McArthur-Isa Basin
P A G E 3
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Geological Setting

  • Upper Tawallah Group – interlayered basalt, sandstone, shale, dolostone and felsic volcanics – “platform” can be traced regionally northwest into Arnhem Land.

  • Small shallow co-magmatic felsic intrusions

  • Ductile CGVs and Wollogorang folded locally in Jura-style – disharmonic lateral slide on decollement surface (salt bed at base of Wollogorang Formation)

  • Discordant breccia pipe clusters in Gold Creek Volcanics

  • Synchronous with folding and bimodal magmatism

Tawallah Group = Redbank package

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Exploration & Mining History

  • Historically attracted CRAE, MIM & BHP based on stratiform Cu (Wollogorang Formation) – Kupferschiefer/Copper Belt model

  • NT prospectors attracted by Redbank breccia pipes, small high grade, surficial secondary Cu and Cu sulphides. Mined periodically over decades

  • Joe Fisher discovers Running Creek, then Stanton and other breccia pipes at Wollogorang Project to north

  • CRAE farm in and spend $5m+ exploring, then recognise Co potential in buoyant market in mid 1990’s

  • Exit for commercial reasons, having just begun regional appraisal

  • Other probable breccia pipe clusters recognised at Selby and Karns – cursory exploration

  • Overall immature for exploration

  • Northern Cobalt (“N27”) listed in mid 2017 and commenced exploration in late 2017

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P A G E 5
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Breccia Pipes

  • Vertical cone-shaped to 150m diameter and >100m tall

  • Terminate below into Wollogorang Formation TOC shales and dolostones

  • Upper boundary ill-defined and merges into Pungalina siltstones – subtle disconformity

  • Filled with in situ to mixed clast breccia of host – various lithologies in silt-sand matrix – Not “milled”

  • Stratigraphy-preserving in the most part

  • Debris flows laterally indicate breaching at surface

  • Genesis is contentious: Strike-slip pull-apart vs pointsource disruption from sill below

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Strike slip model

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Mineralisation & Alteration

  • Co-Ni-Cu sulphides ( Siegenite (Ni,Co)3S4) +/chalcopyrite) disseminated in breccia matrix

  • Minor pyrite

  • Pyrobitumen + live oil

  • Complex REDOX phenomena

  • Well-developed secondary zone in top 10-20m with Mn-Co oxide ( Asbolane “wads”)

  • Lesser stratabound mineralisation along permeable dolomitic sandstone units

  • Pipe is conduit for diverse fluids and mixing:

  • Reduced hydrocarbon bearing fluid derived from underlying Wollogorang Formation

  • Oxidised metalliferous ambient brine in volcanic package

  • Finely balanced REDOX cell

  • Timing is contentious, but constrained by low-temp fluid chemistry and mineralogy

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Metallogeny

  • 150[0] C hydrocarbon fluids emanating from Wollogorang Formation during thermal maturation

  • Migrate upwards via prepared pipes that are dominated by ambient saline oxic metalliferous brine

  • Mixing system persists over significant period within a thermodynamic regime that favours Co precipitation

  • Vertical zonation predicted but not demonstrated - higher up, dominated by Cu, then Pb-Zn then U

  • Prospect scale analogue: Arizona Strip (U)

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Breccia pipe REDOX Redbed-volcanic convective
mixing zone (siegenite) brine/metal factory
Stratiform target
Pungalina – lateral
permeability
Co + Cu + S + Cl Dominant Trap facies
– siltstone
Gold Ck Volcs –
basalt + clastics
Woll Fmn – dolostone
+ TOC shale – folded
TOC + T
Wollogorang Fmn
salt – decollement
Settlement Ck Sill –
disruption & heat
P A G E 8
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Regional Significance

  • Fertile hydrothermal system exists beyond the pipes, which are simply a conduit

  • Hydrogeology of overlying package determines how the fluid mixing behaves vertically and laterally

  • Karns Prospect is a phosphatic sandstone 200-300m upsequence where U is dominant

  • This level of stratigraphy is currently untested – can’t yet demonstrate connection to concealed breccia pipe cluster and reductant plume below

  • Permeable conglomerate at base of Pungalina – lateral transport of reductants to promote stratiform mineralisation

  • Part of the broader “Engine Room” for stratiform base metal deposits in Batten Trough (HYC etc)

  • Regional scale analogues: DRC & Dzhezkazgan sandstonehosted petroleum-system Cu deposits in Kazakhstan

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Reduction of Pungalina redbed siltstones distal to breccia pipes shows fluids have moved laterally

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2017 Field Exploration

  • Stanton resource and in-fill drilling of historical regional prospects

• Stanton

• 66 RC 6,213m • 10 DIA 773.4m

  • Regional

• 61 RC 4,870m

  • Existing prospects primarily based on surface geochemistry anomalies

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Section A
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2017 Drilling Results

  • Significant drill hole intersections

  • 37m @ 0.28% Co from 25m (NC17RC003)

  • 30m @ 0.17% Co from 20m (NC17RC004)

  • 18m @ 0.33% Co from 32m (NC17RC005)

  • 20m @ 0.31% Co from 27m (NC17RC021)

  • 19m @ 0.29% Co from 11m (NC17RC126)

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2017 Field Exploration

  • Helicopter magnetic/radiometric survey
Line orientation 0/180
Line spacing 25m
Tie line spacing 250m
Survey distance 3,865km
  • Survey designed to overlap the existing surface lag and soil geochemistry grids

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TMI_RTP
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Historic resource from 1990’s CRA drilling

2017 Resource Modelling

  • Due to be completed late March 2018

  • Historic JORC 2012 resource of 500,000t @ 0.17% Co, 0.09% Ni and 0.17% Cu

  • Calculated using a cobalt price of $US 47,000/tonne

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P A G E 1 3
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  • Current price is $US 82,000/tonne

  • Drilling has intersected mineralisation outside of the current resource boundary

  • A second, deeper, zone of mineralisation, has been well defined

  • Mineralisation remains open to the NW and S-SE

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2018 Resource Activities

Oxide mineralisation (Asbolane)

• Diamond Core Assay

  • Due to be received late March 2018

  • Results from 10 drill holes mainly through the high grade core of the deposit

  • Used to select samples for metallurgy

• Metallurgical Test Work

  • Due to be completed mid June 2018

  • Aim to initially undertake a dense media separation (DMS) from oxide zone to produce a concentrate with low initial CAPEX and footprint

  • Next stage is to look at enhanced recovery of sulphide zone and consider value adding to intermediate products rather than producing a concentrate

• Scoping Study

  • Due to be received late June 2018

  • Will provide a basis for determining the minimum resource required for a viable economic operation

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Sulphide mineralisation (Seigenite)

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2018 Exploration Methodology

• Understanding surface geochemistry data

  • Many anomalies coincide with sub-crop & outcrop, supported by potassium channel in radiometric data

  • Transported sedimentary cover may be masking underlying mineralisation, caution when downgrading prospectivity

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2018 Exploration Methodology

• Stanton geophysical signature

  • Pronounced reduced to pole magnetic low (TMI_RTP)

  • Semi-coincident vector residual magnetic intensity high (VRMI)

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TMI_RTP VRMI
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2018 Exploration Methodology

  • Regional geophysical anomalies

  • Empirical synthesis of magnetic dataset

  • Identified and ranked anomalies with signatures comparable to Stanton

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Merged
TMI_RTP
TMI_RTP_1VD
VRMI
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P A G E 1 7
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2018 Exploration Plans

  • Rapid, low cost, target assessment

  • Use Toyota air core rig for initial shallow drilling

  • Traverses of 50m spaced drill holes over targets

  • Acquire results real time with pXRF

  • Identify new mineral systems and define footprints

  • Aim to commence mid April, weather permitting

  • Results dependant, undertake additional resource drilling with larger RC drill rig

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2018 Summary

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RESOURCE
CALCULATION
DRILLING ROUND 2
QAQC
Resource recalculation Drill test regional targets
Drill resource extensions
Receive results from
Drill test large stratiform
regional drilling
Commence scoping targets
study
2018 2019
DEC - JAN JAN - FEB MAR - JUN APR- NOV DEC - JAN
REVIEW
WET SEASON METALLURGY
Receive all resource Results from metallurgy Calculate new global
drilling results Resource recalculation resource estimate and
Inferred to indicated plan accordingly
Scoping study results
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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 Wollogorang Cobalt Project

Section 1 Sampling Techniques and Data

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

Criteria JORC Code explanation
Commentary
Sampling
techniques
Nature and quality of sampling (eg 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 nodules) may warrant
disclosure of detailed information.
•Reverse Circulation (RC) drilling
using standard equipment.
•Sampling was undertaken at one
metre intervals when mineralisation
was visually identified and as four
metre composites when not.
•Drilling was designed to intersect the
mineralised ore zone based
historical drilling
Drilling
techniques
Drill type (eg core, reverse circulation,
open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details
(eg 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).
•Reverse circulation percussion (RC)
with a 137mm diameter hammer.
•Diamond drilling (DD) HQ triple tube.
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
•Recovery generally good, with poor
recovery in a small number of
samples due to groundwater.
Criteria JORC Code explanation
Commentary
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.
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.
•Drilling logged in detail on a metre
by metre basis.
•Lithology, alteration and oxidation
logged qualitatively.
•Sulphide content and type logged
quantitatively and qualitatively.
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.
•RC drill samples split using a rig
mounted cone splitter.
•Sample duplicates collected, and
standards used to confirm
representivity of sampling.
•DD samples were cut with an
Almonte core saw, halved and
quartered and quarter core sent for
analysis on a single meter basis
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
factors applied and their derivation,
etc.
Nature of quality control procedures
adopted (eg standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
•Sample Preparation - The samples
have been sorted and dried. Primary
preparation has been by crushing
the whole sample. The samples
have been split with a riffle splitter to
obtain a sub-fraction which has then
been pulverised in a vibrating
pulveriser.
•Analytical Methods - The samples
have been analysed by Firing a 40 g
(approx) portion of the sample.
Lower sample weights may be
employed for samples with very high
sulphide and metal contents. This is
the classical fire assay process and
willgive total separation of Gold
Criteria JORC Code explanation
Commentary
accuracy (ie lack of bias) and precision
have been established.
Platinum and Palladium in the
sample.
•Au, Pt, Pd determined by Inductively
Coupled Plasma (ICP) Optical
Emission Spectrometry.
•The sample(s) have been digested
and refluxed with a mixture of acids,
including Hydrofluoric, Nitric,
Hydrochloric and Perchloric Acids.
This extended digest approaches a
Total digest for many elements,
however, some refractory minerals
are not completely attacked.
•Ca, Cr, Fe, K, Mg, Mn, Na, P, S, V,
Co, Cu, Ni and Zn determined by
Inductively Coupled Plasma (ICP)
Optical Emission Spectrometry. The
sample(s) have been digested and
refluxed with a mixture of acids
including Hydrofluoric, Nitric,
Hydrochloric and Perchloric Acids.
This extended digest approaches a
Total digest for many elements
however some refractory minerals
are not completely attacked.
•Ag, As, Ba, Bi, Cd, Li
, Mo, Pb,
U, Th
•Standards (OREAS 181), blanks and
duplicates have all been applied in
the QAQC methodology. Sufficient
accuracy and precision have been
established for the type of
mineralisation encountered.
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.
•An electronic database containing
collars, geological logging and
assays is maintained by the
Company.
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.
•Holes have been surveyed using
Differential GPS (DGPS).
•UTM grid MGA94 Zone 53 was used
•A majority of holes have had down
hole surveys completed.
Criteria JORC Code explanation
Commentary
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
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications
applied.
Whether sample compositing has been
applied.
•RC drill hole spacing approximately
every 20m on a grid across the
existing mineral resource.
•DD drill holes were drilled at 60
degrees to the south along traverses
across the deposit from west to east.
•Spacing and distribution is
considered to be appropriate.
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.
•Sample relationship to mineralisation
and structure is unknown at this
stage.
Sample
security
The measures taken to ensure sample
security.
•Samples are bagged and sealed on
pallets on site and transported to the
analytical laboratories by commercial
transport companies.
Audits or
reviews
The results of any audits or reviews of
sampling techniques and data.
•No audits undertaken at this stage
as the drilling program has only
recently commenced.

Section 2 Reporting of Exploration Results

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

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.
•Wollogorang Cobalt Project
exploration area occurs on EL 31272
which is 100% owned by Mangrove
Resources Pty Ltd a wholly owned
subsidiary to Northern Cobalt Ltd.
•The licence is currently in good
standing with the relevant authorities.
Exploration
done by
other
parties
Acknowledgment and appraisal of
exploration by other parties.
•The Stanton Cobalt deposit and
surrounding prospects were
discovered by CRA Exploration Pty
Ltd in the period 1990-1996 period
under a farm in arrangement with W J
(Joe) Fisher.
Geology
Deposit type, geological setting and
style of mineralisation.
•The local geology is dominated by the
Gold Creek Volcanics of the Tawallah
Group. This formation is a series of
basaltic lavas and shallow intrusives,
interlayered with thin oxidised
sandstone, carbonate and siltstone
units. It is conformably underlain by
reduced sedimentary facies of the
Wollogorang Formation, which
includes dolostones, sandstones and
carbonaceous shales. A regional
dolerite sill, the Settlement Creek
Dolerite, was emplaced synchronous
with effusion of the Gold Creek
Volcanics. The Wollogorang
Formation and Settlement Creek
Dolerite do not outcrop on the Stanton
prospect area, but are however
intersected in a number of drill holes
on the tenement. Within the district,
the Gold Creek Volcanics are
disconformably overlain by a felsic
volcanic package that includes a
rhyolitic rheoignimbrite sheet
(Hobblechain Rhyolite), proximal
epiclastics (Pungalina Member) and
distal reworked clastics (Echo
Sandstone).
•Mineralisation is interpreted to be
largelycontrolled bystratigraphy
Criteria JORC Code explanation Commentary
within the flat lying interbedded
sediment and volcanic rock units of
the Proterozoic Gold Creek Volcanics.
Brecciation and faulting has a strong
control on the intensity and limits of
mineralisation. In fresh rock the
cobalt-nickel is located in
disseminated siegenite (cobalt-nickel
sulphide). Chalcocite and pyrite are
also noted. Weathering to a variable
depth of approximately 30m has
resulted in cobalt oxide secondary
mineralisation in a large proportion of
the deposit.
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 why this is the case.
•This information was reported on 5
February 2018 as “Final Drilling
Results 2017 Drilling Program”.
Data
aggregation
methods
In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
truncations (eg 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 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
•Simple length weighted averages
were used for reporting of significant
drill intercepts with a cut-off grade of
0.05% (500ppm) Co and a maximum
internal dilution of 1m.
Criteria JORC Code explanation Commentary
_should be clearly stated. _
Relationship
between
mineralisatio
n 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 (eg
‘down hole length, true width not
_known’). _
•Any observations made are down hole
length and true width is not known.
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. _
•This information was reported on 5
February 2018 as “Final Drilling
Results 2017 Drilling Program”.
•Also see attached release.
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
_reporting of Exploration Results. _
•All significant drill intersections have
been reported and it has been noted
when no significant intersection has
been encountered.
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 deleterious or contaminating
_substances. _
•No other relevant data to report.
Further work
The nature and scale of planned
further work (eg 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.
•Planned further work detailed in this,
and previous releases, and in figures.
This work includes comprises drill
testing along a significant portion of
the surface geochemical anomaly.