ROKEBY RESOURCES LIMITED — Capital/Financing Update 2021

Dec 5, 2021

Targeting a new generation of Tier-1 mineral discoveries in Peru and Australia

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ASX Announcement │ 6 December 2021 │ ASX: ICG

EXPLORATION LICENCE APPLICATION COVERING GOVERNMENT HOLES NDIBK04 & NDIBK01 AWARDED TO INCA

Highly prospective ground that hosts the Government-funded diamond-hole NDIBK04, which contains 327m of visible sulphides, to become part of Inca’s Tier-1 scale Mount Lamb SEDEX/IOCG target at Frewena

Highlights

• Exploration Licence Application ( EL32808 ) covering Government drill-holes NDIBK01 and NDIBK04 is awarded to Inca

• NDIBK04 hosts widespread hydrothermal alteration and sulphide mineralisation over a down-hole interval of 326.8m from 89.5m to 416.3m (end-of-hole or EOH )

• Visible copper (chalcopyrite and bornite) and arsenopyrite occur from 250m depth to the end of hole

• NDIBK04 now becomes part of Inca’s broader NW Mount Lamb Prospect, which is a high-priority sedimentary exhalative ( SEDEX ) and Iron Oxide Copper Gold ( IOCG ) target

Inca Minerals Limited (ASX: ICG ) is pleased to advise that the Department of Industry, Tourism and Trade has deemed Inca the successful applicant for an Exploration Licence encompassing the previously reported Government-funded drill-holes NDIBK01 and NDIBK04. Inca’s application, ELA32808, will now move through the granting process.

ELA32808 covers the former Government-held blocks encompassing the NDIBK01 and NDIBK04 diamond drill-holes (Figure 1). Government drill-hole NDIBK04 intersected widespread hydrothermal alteration and open-ended visible sulphide mineralisation over a down-hole interval of 326.8m from 89.5m to 416.3m (EOH).

The approval of both blocks, especially NDIBK04, is a pivotal outcome for the Company. The ground that hosts NDIBK04 will be absorbed into Inca’s broader Mount Lamb SEDEX/IOCG Target (Figures 1 and 3) and be integrated into the approaching drill program.

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ELA32808 Now
awarded to Inca
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Figure 1: Regional and detailed magnetic anomaly image (left) of Frewena Far East showing the location of GA drill holes NDIBK01 and NDIBK04. GA’s drilling was undertaken in two areas that are wholly enclosed by Inca’s EL 32293 tenement (red outline). The Mount Lamb, Desert Creek, Plains and SW targets are also highlighted. DRILLING WAS NOT CONDUCTED BY INCA.

ASX: ICG │ Shares on issue 480.94m

Suite 1/16 Nicholson Road, Subiaco, WA 6008 │PO BOX 38, West Perth, WA 6872 Telephone: +61 (08) 6145 0300 │ Website: www.incaminerals.com.au │ ABN: 36 128 512 907

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The Significance of Drill Hole NDIBK04

The approval of ELA32808 for progression to grant is very significant. Simply put, once ELA32808 is granted to Inca, it would be as if NDIBK04 was drilled by the Company . While the drill core and information/data derived from NDIBK01/04 remains the property of the Northern Territory Government, the hole has enormous strategic important in terms of unlocking the SEDEX and IOCG potential of the broader East Tennant region.

In addition, as a result of the future grant of the tenement, Inca will be entitled to drill at the same location and even re-open the holes to drill to greater depth (subject to the condition of the holes).

“ NDIBK04 intersected 326.8m of visible mineralisation from a depth of 89.5m to 416.3m down-hole. Headline minerals, chalcopyrite and bornite (copper sulphide minerals) were identified in the core. As part the 2021 AGES conference earlier this year, a limited number of registered delegates were permitted to inspect the core. During that visit, I was able to directly observe chalcopyrite and bornite, as well as sphalerite (a zinc sulphide) in the core with ubiquitous pyrite .” The visit resulted in an ASX announcement dated 27 April 2021 which included several core photos (Figure 2).

The Company, and the broader exploration and geological community, are eagerly awaiting the Government sample results from NDIBK04, which are still subject to a range of tests being undertaken by the Northern Territory Geological Survey on core from the hole. Sample results of NDIBK04 remain unavailable at present due to the multifarious tests the government agencies are carrying out on core from the hole. Sample analysis includes, but not limited to, multi-elements assays, petrological studies, and age-dating. Based on personal communications, we are informed that results will be available before the end of 2021.

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Government Drill Hole
NDIBK04
• Longitude: 136.29°
• Latitude: 19.53°
• Elevation: 270m
• Drill type: RC top and
diamond core tail
• Dip: Vertical/Azimuth: N/A
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Figure 2 Photo of core from Government drill-hole NDIBK04, core depth is 339.5m. The core has been cut in half and one half has been cut again. A quarter-core sample every metre has been submitted for multi-element analysis. DRILLING WAS NOT CONDUCTED BY INCA.

NDIBK04 Becomes Part of Mount Lamb

On 11 October 2021 Inca reported to the market the receipt of an independent drill proposal of 28,200m. The Mount Lamb Prospect is prominent in this proposal, with the greatest number of holes of the proposed program scheduled there.

Following gravity survey modelling, the Mount Lamb Prospect is now recognised as comprising five separate [though juxtaposed] drill targets – Mt Lamb-1, Mt Lamb-2, Mt Lamb-3, Mt Lamb-4, and Mt Lamb-5 (these five corresponding to the two previous target names RP-FFE-02 and RP-FFE-03).

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The Mt Lamb-3 target is approximately 2.5km long and hosts coincident gravity/magnetic high anomalies. It occurs mostly within the ELA32808/NDIBK04 ground. This effectively means that Mt Lamb-3 is already drill tested and, subject to assay results, hosts mineralisation of potential significance. Drill hole #7, approximately 1.6km from of NDIBK04, is designed to test the north-western end of Mt Lamb-3 (Figure 3).

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Desert Creek
Mt Lamb-1
Mt Lamb-2
Mt Lamb-3
Plains
Mt Lamb-4
Mt Lamb-5 12
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Figure 3 : Proposed drilling for the Mt Lamb, Desert Creek and Plains prospect areas. Image background is merged government and Inca gravity data with gravity high seen as reds and pinks, and gravity lows seen as light and dark blues. Government drill hole NDIBK04 is also shown (black square).

Other News from Australian Projects and Next Steps

The Company is currently flying a large airborne magnetics and radiometric survey over Frewena East and Frewena Frontier, which is approximately 78% completed. The Jumping Spider and Roadhouse prospects are covered in this survey. The Company anticipates further targets being generated that may be further refined by ground gravity surveying ahead of any drill testing.

Progress towards Inca’s maiden Australian drill program at the Frewena Group continues to advance with government approvals received for EL32293 (Mount Lamb) and nearing completion for EL32580 and EL32795 (Jumping Spider, Roadhouse).

The Company is seeking to construct access pads and drill pads as swiftly as practical however is cognisant of the early arrival of the summer wet season in the Northern Territory. The company is also seeking to secure landowner approval and assistance with putting in the required drill access tracks. A drill contractor has been selected to undertake the proposed drill program.

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Infrastructure Acquired

The Company has purchased a property at Mt Isa which will become the field office, sample storage, core storage and core logging facility for the Company, servicing all our Australian projects. Mt Isa is a mining town and centrally located with respect to Frewena, Jean Elson and MaCauley Creek projects.

With drilling soon to commence at Frewena and with drilling planned at Jean Elson and MaCauley Creek in the future, this facility will be vital for the Company. Among other advantages, proper storage, and access to drill core, in comfortable and safe conditions, enables best-outcomes for core logging and core sampling.

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Figure 4 : The exterior and interior of the new Mt Isa field base. The large interiors of the sheds will provide ample space for the stroage and logging of the Company’s diamond core samples. The ability to store and log core is vital in the management of diamond core programs.

Management Comment

Commenting on Inca being the successful applicant for the NDIBK04 ground, Inca Managing Director Ross Brown said: “The acquisition [upon future granting] of this ground is very exciting for the company. The importance of NDIBK04 in unlocking the potential of this emerging Tier-1 province cannot be overstated. The area that is covered by ELA32808 is now part of the Mount Lamb Prosect which we intend drilling as soon as it is possible.”

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Investor inquiries - Ross Brown, Managing Director - Inca Minerals - 0407 242 810 Media Inquiries/Investor Relations - Nicholas Read, Read Corporate - 0419 929 046

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Ross Brown Managing Director Inca Minerals Limited

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Competent Person’s Statements

The information in this report that relates to exploration activities for the Frewena Regional Project, located in the Northern Territory, is based on information compiled by Mr Ross Brown BSc (Hons), MAusIMM, SEG, Managing Director, Inca Minerals Limited, who is a Member of the Australasian Institute of Mining and Metallurgy. He has sufficient experience, which is relevant to the exploration activities, style of mineralisation and types of deposits under consideration, and to the activity which has been undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Brown is a fulltime employee of Inca Minerals Limited and consents to the report being issued in the form and context in which it appears.

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Core from NDIBK04 on display at the NTGS core storage facility in Alice Springs.

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Appendix 1: ASIC Compliancy Table

JORC 2012 Compliancy Table The following information is provided to comply with the JORC Code (2012) exploration reporting requirements. Section 1 Sampling Techniques and Data Criteria: Sampling techniques JORC CODE Explanation Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or hand-held XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. Company Commentary This announcement refers to the awarding of a tenement to Inca and to a mineralised interval in a government drilled hole which was drilled on the recently acquired tenement. This announcement also refers to an independently generated drill program proposal. No sampling or assay results are referred to in this announcement. JORC CODE Explanation Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Company Commentary No sampling or assay results are referred to in this announcement. JORC CODE Explanation 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 1m samples from which 3 kg was pulverised to produce a 30g charge for fire assay’). In other cases, more explanation may be required, such as where there is a coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. Company Commentary No sampling or assay results are referred to in this announcement. Criteria: Drilling techniques Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit, or other type, whether core is oriented and if so, by what method, etc). Company Commentary This announcement refers to two government drilled holes which were drilled with RC tops and diamond core tails. This announcement also refers to an independently generated drill program proposal. The proposed holes are intended to be drilled with RC tops and diamond core tails. Criteria: Drill sample recovery JORC CODE Explanation Method of recording and assessing core and chip sample recoveries and results assessed. Company Commentary This announcement refers to two government drilled holes. Based on a Company drill hole core display, it is evident that the sampling that was completed by the government was half core for the entire interval of core. Sample intervals are unknown. This announcement also refers to an independently generated drill program proposal. JORC CODE Explanation Measures taken to maximise sample recovery and ensure representative nature of the samples. Company Commentary This announcement refers to two government drilled holes. Sample recoveries are unknown. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. JORC CODE Explanation 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. Company Commentary This announcement refers to two government drilled holes. Sample recoveries and grade are unknown. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. Criteria: Logging JORC CODE Explanation Whether core and chip samples have been geologically and geo-technically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

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Company Commentary

This announcement refers to two government drilled holes. Based on publicly available data, it appears as though government geologists have accurately logged the RC chips and diamond core. No Mineral Resource estimation is made. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. JORC CODE Explanation Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography Company Commentary This announcement refers to two government drilled holes. Based on publicly available data, it appears as though government geologists have accurately logged the RC chips and diamond core. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. JORC CODE Explanation The total length and percentage of the relevant intersections logged. Company Commentary This announcement refers to two government drilled holes. Based on publicly available data, it appears as though government geologists have accurately logged 100% the RC chips and diamond core. No Mineral Resource estimation is made. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. Criteria: Sub-sampling techniques and sample preparation JORC CODE Explanation If core, whether cut or sawn and whether quarter, half or all core taken. Company Commentary This announcement refers to two government drilled holes. Based on a Company drill hole core display, it is evident that the sampling that was completed by the government was half core for the entire interval of core. This announcement also refers to an independently generated drill program proposal. These holes have not been drilled yet. JORC CODE Explanation If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. Company Commentary This announcement refers to two government drilled holes. The sample style of the RC section of the holes is unknown. This announcement also refers to an independently generated drill program proposal. These holes have not been drilled yet. JORC CODE Explanation For all sample types, the nature, quality, and appropriateness of the sample preparation technique. Company Commentary This announcement refers to two government drilled holes. Sample preparations are unknown. This announcement also refers to an independently generated drill program proposal. These holes have not been drilled yet. JORC CODE Explanation Quality control procedures adopted for all sub-sampling stages to maximise “representivity” of samples. Company Commentary This announcement refers to two government drilled holes. QAQC procedures are unknown. This announcement also refers to an independently generated drill program proposal. These holes have not been drilled yet. JORC CODE Explanation 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. Company Commentary This announcement refers to two government drilled holes. Representivity of the samples compared to in situ geology is unknown. This announcement also refers to an independently generated drill program proposal. These holes have not been drilled yet. JORC CODE Explanation Whether sample sizes are appropriate to the grain size of the material being sampled. Company Commentary This announcement refers to two government drilled holes. Sample sizes are unknown. This announcement also refers to an independently generated drill program proposal. These holes have not been drilled yet. Criteria: Quality of assay data and laboratory tests JORC CODE Explanation The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Company Commentary This announcement refers to two government drilled holes. Based on a Company drill hole core display, it is evident that the sampling that was completed by the government was half core for the entire interval of core. The assay technique(s) are unknown. This

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announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. No samples and assay results are discussed in this announcement.

JORC CODE Explanation For geophysical tools, spectrometers, hand-held XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Company Commentary This announcement refers to two government drilled holes. Whilst it is known that the government undertook XRF analysis of the holes’ samples, these results are not included in this announcement. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. JORC CODE Explanation Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. Company Commentary This announcement refers to two government drilled holes. Based on a Company drill hole core display, it is evident that the sampling that was completed by the government was half core for the entire interval of core. The QAQC procedure(s) is unknown. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. Criteria: Verification of sampling and assaying

JORC CODE Explanation

The verification of significant intersections by either independent or alternative company personnel. Company Commentary This announcement refers to two government drilled holes. An intersection of 327m of visible sulphide mineralisation was mentioned in this announcement. This interval was first recognised by government geologists. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. JORC CODE Explanation The use of twinned holes. Company Commentary This announcement refers to two government drilled holes. They were not twinned. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. JORC CODE Explanation Documentation of primary data, data entry procedures, date verification, data storage (physical and electronic) protocols. Company Commentary This announcement refers to two government drilled holes. Primary data was acquired by the organisation called Minex CRC. Data capture, storage review and publication were/are all carried out by this organisation. This announcement also refers to an independently generated drill program proposal. The report that contains this proposal was received via secure email by the Company. JORC CODE Explanation Discuss any adjustment to assay data. Company Commentary This announcement does not refer to any assay results. Criteria: Location of data points JORC CODE Explanation 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. Company Commentary This announcement refers to two government drilled holes. Hole location methods are unknown. This announcement also refers to an independently generated drill program proposal. The proposed holes are located using GIS software. JORC CODE Explanation Specification of the grid system used. Company Commentary WGS846-18L. JORC CODE Explanation Quality and adequacy of topographic control. Company Commentary This announcement refers to two government drilled holes. Hole location methods are unknown. This announcement also refers to an independently generated drill program proposal. The proposed holes are located using GIS software. Criteria: Data spacing and distribution

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JORC CODE Explanation Data spacing for reporting of Exploration Results. Company Commentary This announcement refers to two government drilled holes. The holes were drilled as part of the regional program to determine, inter alia, ancient crystalline bedrock below cover. Spacing is appropriate for the objective of the drill program. This announcement refers to an independently generated drill program proposal. Spacing is based on the occurrence and location of selection parameters for each drill holes. JORC CODE Explanation 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. Company Commentary This announcement refers to two government drilled holes. The holes were drilled as part of the regional program to determine, inter alia, ancient crystalline bedrock below cover. Spacing is appropriate for the objective of the drill program. This announcement refers to an independently generated drill program proposal. Spacing is based on the occurrence and location of selection parameters for each drill holes. No Mineral Resource and Ore Reserve estimation is made in this announcement. JORC CODE Explanation Whether sample compositing has been applied. Company Commentary This announcement refers to two government drilled holes. Based on a Company drill hole core display, it is evident that the sampling that was completed by the government was half core for the entire interval of core. It is unknown whether sample compositing was carried out. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. Criteria: Orientation of data in relation to geological structure JORC CODE Explanation Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. Company Commentary This announcement refers to two government drilled holes. Based on a Company drill hole core display, it is evident that the sampling that was completed by the government was half core for the entire interval of core. It is unknown whether there is a sample bias based on structural orientation or deposit type. This announcement also refers to two government drilled holes. This announcement refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. JORC CODE Explanation 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. Company Commentary This announcement refers to two government drilled holes. Based on a Company drill hole core display, it is evident that the sampling that was completed by the government was half core for the entire interval of core. The relationship between the 327m interval of visible sulphides, mentioned in this announcement and orientation of key structures, etc... is unknown. This announcement refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. Criteria: Sample security JORC CODE Explanation The measures taken to ensure sample security. Company Commentary This announcement refers to two government drilled holes. Based on a Company drill hole core display, it is evident that the sampling that was completed by the government was half core for the entire interval of core. Sample security measures are unknown. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. Criteria: Audits and reviews JORC CODE Explanation The results of any audits or reviews of sampling techniques and data. Company Commentary This announcement refers to two government drilled holes. Based on a Company drill hole core display, it is evident that the sampling that was completed by the government was half core for the entire interval of core. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. No sample audits were done in relation to this announcement. Section 2 Reporting of Exploration Results Criteria: Mineral tenement and land tenure status JORC CODE Explanation

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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. Company Commentary Tenement Type: For the Frewena Far East Project: Northern Territory EL 32293 (granted) and EL 32808 (application). For the Frewena East Project: EL 322580 (granted). For the Frewena Fable Project: EL 321974 (granted) and EL32287 (granted). Ownership: Frewena Far East: Inca has the right to earn 90% via a JVA Agreement and Royalty Deed (1.5% NSR payable) with MRG and West. JORC CODE Explanation The security of the land tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Company Commentary The concession is in good standing at the time of writing. Criteria: Exploration done by other parties JORC CODE Explanation Acknowledgement and appraisal of exploration by other parties. Company Commentary This announcement refers to exploration conducted by an independent consultancy under contract to provide services to the Company. Criteria: Geology JORC CODE Explanation Deposit type, geological setting, and style of mineralisation. Company Commentary The geological setting of the area is that of Palaeozoic Georgina Basin that is regionally mapped as shales and limestones of varying thickness. Local geology, however, is inferred from radiometric and ASTER data to be dominated by outcropping or near surface granitic lithologies. These older granitic lithologies are considered prospective to host IOCG mineralisation. Criteria: Drill hole information JORC CODE Explanation 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: • Easting and northing of the drill hole collar • Elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar. • Dip and azimuth of the hole. • Down hole length and interception depth. • Hole length. Company Commentary This announcement refers to two government drilled holes. Drill hole parameters of NDIBK04, which contains the visible sulphides discussed in this announcement is presented on page 2 – figure 2. This announcement also refers to an independently generated drill program proposal. The proposed holes parameters were presented in a previous ASX announcement (SEE below). JORC CODE Explanation 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. Company Commentary This announcement refers to two government drilled holes. Drill hole parameters are presented on page 2 – figure 2. This announcement also refers to an independently generated drill program proposal. The proposed holes parameters were presented in a previous ASX announcement (SEE below). Criteria: Data aggregation methods JORC CODE Explanation In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated . Where aggregate intercepts incorporate short lengths of highgrade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations shown in detail. Company Commentary No weighted averages, maximum/minimum truncations and cut-off grades were applied to reporting contained in this announcement. JORC CODE Explanation The assumptions used for any reporting of metal equivalent values should be clearly stated.

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Company Commentary No metal equivalents are referred to in this announcement. Criteria: Relationship between mineralisation widths and intercept lengths JORC CODE Explanation These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known.’) Company Commentary This announcement refers to two government drilled holes. An intersection of 327m of visible sulphide mineralisation was mentioned in this announcement. The geometry of this interval is unknown in terms of the dip and azimuth of the holes. This announcement also refers to an independently generated drill program proposal. The proposed holes have not been drilled to date. Criteria: Diagrams JORC CODE Explanation Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not limited to a plan view of drill hole collar locations and appropriate sectional views Company Commentary Plans showing the position of the proposed holes were included in a previous announcement (SEE below). Criteria: Balanced reporting JORC CODE Explanation 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. Company Commentary The Company believes the ASX announcement provides a balanced report of its exploration results referred to in this announcement. Criteria: Other substantive exploration data JORC CODE Explanation 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. Company Commentary This announcement refers to two previous ASX announcements, dated 27 April 2021 and 11 October 2021. Criteria: Further work JORC CODE Explanation The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). Company Commentary By nature of early phase exploration, further work is necessary to better understand the mineralisation appearing in the outcrop subject of this announcement. JORC CODE Explanation Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. Company Commentary Plans are provided showing the position of the two government drill holes. Plans showing the proposed hole the subject of this announcement, were provided in a previous ASX announcement (SEE above).

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