RESOLUTION MINERALS LTD — Investor Presentation 2020

Dec 13, 2020

14 December 2020

NEW CLAIMS ADDED - EAST POGO, 64NORTH PROJECT, ALASKA

Summary

• RML has added nineteen (19) new State of Alaska Mining Claims (12km[2] ) expanding the footprint of the East Pogo Block, 64North Project on the eastern edge.

• The intensive 2020 exploration work on the East Pogo Block has identified targets along-strike from historic (35g/t Au) high-grade gold drill intercepts at the Boundary Prospect and additional large scale, high priority targets to the south and south-west.

• An initial 2,000m program of shallow Pogo-style drill targets (50-150m) has been defined based on surface and airborne geophysical survey results, surface mapping and geochemistry.

• Access approvals will be completed in February ahead of drill testing in summer 2021.

Managing Director, Duncan Chessell commented, “The identification of shallow 50-150m Pogo-style drill targets as a result of our extensive field work in 2020 at the East Pogo Block, along strike from historic high grade drill intersections of up to 35g/t Au, is very encouraging and has been the driver to snap up 19 new claims.”

“The East Pogo Block is sandwiched between the Pogo Gold Mine to the west and the Tibbs Project to the east on the high-grade gold endowed Pogo Trend and will be a focus for shallow drilling next season.”

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Figure 1 East Pogo Block, 64North 2020 Land Acquisition including 19 State of Alaska Mining Claims, for a total of 12km[2] . Location of RML and non-RML prospects and Resources for reference.

CAPITAL STRUCTURE

Ordinary Shares Issued 279 M Options and rights Listed options 6.1 M @ 10c Listed options 74.4 M @ 12c Unlisted options 12.3 M @ 25c Unlisted options 13.4 M @ 8c Unlisted rights 9.5 M

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

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

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

ASX RELEASE

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Figure 2 East Pogo Block: Planned shallow reconnaissance ridge line drilling collar locations. Central and southern holes targeting pogo-style mineralisation interpreted as dilation zones along thrust contact. Northern holes targeting late fault veins (peripheral to ZTEM anomalies, coincident with shallow CSAMT anomalies).

Drill Targeting

2000m of shallow (<150m depth) reconnaissance drilling is planned along ridgelines cross cutting three main target areas ( Figure 2 ). A second, deeper drilling program will follow (~2000m), based on results from the shallow drilling.

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Northern Zone

Drilling in the Northern Zone will follow up historic drilling, which intersected high grade gold (max 35g/t Au) in late fault veins ( Figure 2 & Figure 6 ). RML interpret the late fault veins to extend vertically and laterally, to the north of a deep (600m), large (2km x 8km) ZTEM geophysical anomaly ( Figure 2 ). This ZTEM anomaly extends east onto RML’s newly acquired ground also considered prospective for late fault vein gold mineralisation ( Figure 2 ).

As advised in previous ASX releases, CSAMT geophysical anomalies associated with high grade Au intercepts in drilling, demonstrated that CSAMT could be used for direct detection of late fault vein alteration which hosts mineralisation at the Boundary Prospect ( Figure 6 ). For this reason, CSAMT survey results are being used to target additional late fault veins along strike, 500m to the east ( Figure 3 ) and 1.6km to the north-west.

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Interpreted Shallow Late Fault Vein
Anomalies Picked by CSAMT Along Strike From High Grade
Gold Mineralisation. 4 x 100m Proposed Drillholes
Paragneiss
Deeper (600m), Large ZTEM Intrusive
Anomaly Picked By CSAMT
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Figure 3 Example of reconnaissance drillhole design on Line 6, 2D CSAMT section looking west, within the Northern Zone, East Pogo Block, 64North Project Alaska. Shallow line 6 anomalies are located 500m east of historic high grade gold intersections.

Central & Southern Zones

Although shallow, the Central Zone and Southern Zone anomalies are “blind” to the surface. Only subtle (11-55ppb Au) surface geochemical anomalism was detected in the historic and 2020 surface sampling, which is interpreted to be weak leakage anomalies along structures ( Figure 4 ). To put this into context, >95% of historic surface sampling across the Central and Southern Zone, reported <5ppb Au ( Figure 4 ), therefore the subtle surface samples (~50ppb) are 10 x background and therefore warrant follow up. This may also be an indication that the system is well preserved (has not eroded away).

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East Pogo Block
Boundary Prospect
Northern Zone Historic Drilling up
to 35g/t Au
Central Zone
Southern Zone
Tectonic Metals Tibbs Project
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Figure 4 East Pogo Block: Historic and 2020 surface geochemistry indicating >95% of sampling reported <5ppb Au, supporting the Central Zone and Southern Zone being blind targets. Location of CSAMT survey lines, ZTEM survey area with footprint defined for geophysical anomalies. Note: Shallow CSAMT anomaly coincides with shallow ZTEM anomaly on the Central Zone.

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Mapping suggests the Central Zone and Southern Zone anomalies are hosted in paragneiss along a thrust contact ( Figure 2 & Figure 5 ), which is the ideal setting for fluid flow and the formation of dilational zones, which are conducive to the formation of thick quartz veins (Pogo-style). Detailed mapping indicates abundant paragneiss across the area, in some case crosscut by pegmatites (possibly linked to larger felsic intrusive at depth – Figure 5 ), coinciding with a broad area of low magnetic response (alteration).

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3 x 100m Proposed
Drillholes
Paragneiss
Felsic Intrusive
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Figure 5 Example of reconnaissance drillhole design on Line 3, 2D CSAMT section looking west, within the Central Zone, East Pogo Block, 64North Project Alaska. Shallow Line 3 anomaly is located 2.5km southwest of historic high grade gold intersections.

East Pogo Block Geological Context

The East Pogo Block is located within the Pogo Trend, which includes both Northern Star’s Pogo Gold Mine (11Moz) and Goodpaster Prospect and Tectonic Metals Tibbs Project ( Figure 1 ). The Boundary Prospect 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 even shallower to that of Pogo. Structural preparation is also evident across East Pogo i.e. conduits to facilitate fluid flow ( Figure 2 ). Historic surface geochemistry at the Boundary Prospect 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 4 ). Surface mineralisation was subsequently followed up with 5 diamond drill holes in 2000 (series BND00-01 to BND00-05), plus an additional hole in 2007 (BND07-06) totalling 1690m ( Figure 2 & Figure 4) ) (see RML ASX announcement 7 July 2020).

The East Pogo Block 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 (Au-Bi-Te-As-W) shallow dipping mineralisation. Previous exploration was conducted without the context of Resolution’s new ZTEM and CSAMT geophysical survey data and did not test the most prospective zones. Drill testing is warranted and will be undertaken with helicopter support in the 2021 summer field season (May-September).

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Figure 6 Historic drilling overlaying Line 1, 2D CSAMT section, looking west. Gold intersections coincide with a shallow CSAMT anomaly. Deeper anomaly remains untested. Boundary Prospect, Northern Zone, East Pogo Block, 64North Project Alaska.

Competent Persons Statement

The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves 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 holds Shares, Options and Performance Rights in the Company. Ms Christine Lawley 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, “2019 AGM Managing Director’s Presentation” on 26 November 2019, “Investor Presentation - Noosa Mining Virtual Conference” on 13 July 2020, “Boundary Prospect Results at Pogo Trend - 64North Project” on 24 September 2020 and “Alaska Miners Association Technical Presentation” on 5 November 2020. The Company is not aware of any new information or data that materially affects the information included in this announcement.

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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 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		surface geochemistry; 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,		surface geochemistry; 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		surface geochemistry; 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/gainof fine/coarse material.
Logging	• Whether core and chip samples have been	•	This release relates to results from
	geologically and geotechnically logged to a		surface geochemistry; this section
	level of detail to support appropriate Mineral		is not relevant to this release.
	Resource estimation, mining studies and
	_metallurgical studies. _

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Criteria		JORC Code explanation	Commentary
		• 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	surface geochemistry; this section is not relevant to this release. •Standard sampling techniques were
and sample preparation		dry. • For all sample types, the nature, quality and appropriateness of the sample preparation	used for collection of surface samples. •1kg surface samples (rock and soil)
		technique.	were collected in the field and
		• Quality control procedures adopted for all	considered representative and
		sub-sampling stages to maximise	appropriate for exploration stage.
		representivity of samples.	Appropriate high, medium and low
		• Measures taken to ensure that the sampling	gold and base metal standards
		is representative of the in situ material	(CRM’s) are used on a 1:20 basis
		collected, including for instance results for	(5%). Blanks are inserted on a 1:50
		field duplicate/second-half sampling.	basis (2%). Laboratories introduce
		• Whether sample sizes are appropriate to the	QAQC samples and complete
		grain size of the material being sampled.	duplicate check assays on a routine
			basis.
			•Sample preparation is considered
			appropriate and was undertaken by
			BV Fairbanks (PRP70-250) using
			70% to <2mm Crush and Pulverize
			85% to <75 um. Samples were split
			and were subsequently analysed at
			BV laboratory in Reno,
			Nevada. Rock sample gold was
			analysed by Fire Assay (FA430/AA)
			with an AAS finish using a 30gram
			nominal sample weight.
			Multielement analysis by 4 Acid
			digestion and ICP-MS analysis
			(MA200). Soils sample gold and
			multielement was analysed by
			Aqua Regia digestion and
			Ultratrace ICP-MS analysis
			(AQ250).
			•No duplicate samples were taken.
			Laboratories complete duplicate
			check assays on a routine basis
			with data provided to the client.
			•Sample size as defined above is
			considered appropriate to the
			materialsampled.
Quality	of	• The nature, quality and appropriateness of	•The sampling digest methods are
assay and	data	the assaying and laboratory procedures used and whether the technique is considered partial or total.	considered appropriate and industry standard. FA430/AA with AAS finish and MA200 4 Acid
		• For geophysical tools, spectrometres,	digestion with ICP-MS analysis was
		handheld XRF instruments, etc., the	applied to Rock Chips. AQ250

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Criteria		JORC Code explanation	Commentary	Commentary
laboratory tests		parametres used in determining the analysis including instrument make and model, reading times, calibrations factors applied and		Aqua Regia digestion Ultratrace ICP-MS analysis was applied to Soils.
		their derivation, etc.	•	No use of portal XRF is reported.
		• Nature of quality control procedures adopted	•	QAQC procedures included the
		(e.g. standards, blanks, duplicates, external		insertion of appropriate high,
		laboratory checks) and whether acceptable		medium and low gold and base
		levels of accuracy (i.e. lack of bias) and		metal Certified Reference Materials
		precision have been established.		(CRM) on a 1:20 basis (5%) and
				Blank material on a 1:50 basis (2%)
				for a total insertion rate of 7%,
				which is appropriate to the
				exploration stage. QC checks are
				conducted after results are received
				utilising Company QC and supplied
				internal laboratory QC information.
				Laboratories introduce QAQC
				samples and complete duplicate
				check assays on a routine basis.
				No abnormalitieswere detected.
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.		surface geochemistry; verification of significant intersections and the use of twinned holes is not relevant
assaying		• Documentation of primary data, data entry procedures, data verification, data storage	•	to this release. Surface sampling information is
		(physical and electronic) protocols.		digitally entered and stored
		• Discuss any adjustment to assay data.		following documented sampling
				procedures and backed up
				electronically.
			•	No adjustment has been made to
				the primary assay data.
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 surveys), trenches, mine workings and other		grid (NAD83 Z6N) and have been measured by GPS with a lateral
		locations used in Mineral Resource		accuracy of ±4 metres and a
		estimation.		vertical accuracy of ±5 metres.
		• Specification of the grid system used.
		• Quality and adequacy of topographic control.
Data		• Data spacing for reporting of Exploration	•	This release relates to results from
spacing and distribution		Results. • Whether the data spacing, and distribution is sufficient to establish the degree of geological	•	surface geochemistry; this section is not relevant to this release. Data spacing is insufficient to
		and grade continuity appropriate for the		establish the degree of geological
		Mineral Resource and Ore Reserve		and grade continuity required for a
		estimation procedure(s) and classifications		Mineral Resource estimation.
		applied.	•	Sample composting has not been
		• Whether sample compositing has been		applied to these exploration
		_applied. _		results.
Orientation		• Whether the orientation of sampling achieves	•	This release relates to results from
of data relation	in to	unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	•	surface geochemistry; this section is not relevant to this release. The relationship between the
		• Ifthe relationship between the drilling		sampling orientationand the

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Criteria		JORC Code explanation	Commentary	Commentary
geological structure		orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be		orientation of key mineralised structures has not been confirmed.
		assessed and reported if material.
Sample		• The measures taken to ensure sample	•	A secure chain of custody protocol
security		security.		has been established with the site geologist securely storing samples
				on site until being loaded by a
				reputable courier and transported
				to a secure area at BV laboratory
				in Fairbanks.
Audits	or	• The results of any audits or reviews of	•	No review has been undertaken at
reviews		sampling techniques and data.		this time.

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.		1195 State of Alaska claims
					(67,280 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)
					withintheYukon-TananaTerrane

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Criteria	Criteria	JORC Code explanation	Commentary	Commentary
				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		surface geochemistry; this section is not relevant to this release.
		information for all Material drill holes:	•	This release relates to results from
		o easting and northing of the drill hole collar		surface geochemistry; this section
		o elevation or RL (Reduced Level –		is not relevant to this release.
		elevation above sea level in metres) of the
		drill hole collar
		o dip and azimuth of the hole
		o down hole length and interception depth
		o hole length.
		• If the exclusion of this information is justified
		on the basis that the information is not
		Material and this exclusion does not detract
		from the understanding of the report, the
		Competent Person should clearly explain why
		_this is the case. _
Data		• In reporting Exploration Results, weighting	•	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	•	surface geochemistry; this section is not relevant to this release. This release relates to results from
		Material and should be stated.		surface geochemistry; this section
		• Where aggregate intercepts incorporate short		is not relevant to this release.
		lengths of high-grade results and longer	•	No metal equivalents have been
		lengths of low-grade results, the procedure		used.
		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	•	surface geochemistry; this section is not relevant to this release. This release relates to results from
on	widths	nature should be reported.		surface geochemistry; this section
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	•	is not relevant to this release. This release relates to results from surface geochemistry; this section
lengths		length, true width not known’).		is not relevant to this release.
Diagrams		• Appropriate maps and sections (with scales)	•	Plan view of surface sample
		and tabulations of intercepts should be		locations has been included in the
		included for any significant discovery being		body of this report.
		reported These should include, but not be	•	A section for historic drill holes has
		limited to a plan view of drill hole collar		also been provided.
		_locations and appropriate sectional views. _
Balanced		• Where comprehensive reporting of all	•	The reporting is considered
reporting		Exploration Results is not practicable, representative reporting of both low and high	•	balanced. Comprehensive reporting of all
		grades and/or widths should be practiced to		drilling, trench, soil samples has
		avoid misleading reporting of Exploration		occurred in historical reports and
		Results.		reportedwhenappropriatehere.

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Criteria	JORC Code explanation	Commentary	Commentary
Other	• Other exploration data, if meaningful and	•	Resolution Minerals completed a
substantive exploration	material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical		ZTEM survey. See ASX:RML announcement released on the 5/11/2020 for details.
data	survey results; bulk samples – size and	•	Resolution Minerals completed a
	method of treatment; metallurgical test		CSAMT survey. See ASX:RML
	results; bulk density, groundwater,		announcement released on the
	geotechnical and rock characteristics;		24/09/2020 for details.
	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 extensions or large-scale step-out drilling).		are being considered to progress exploration including 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.

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