ROKEBY RESOURCES LIMITED — Capital/Financing Update 2021

Aug 26, 2021

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

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ASX Announcement │ 27 August 2021 │ ASX: ICG

BONANZA GRADE SILVER AT RIQUEZA SOUTH PROJECT, PERU

Peak silver at 2,238 g/t quickly upgrades new prospect areas of Riqueza South

• Highlights

• • Multiple strong silver and copper grades returned from mapping and sampling at new ground at Riqueza South • Bonanza grade and high-grade silver assay results from sampling at Occorccocha II include: o 2,238g/t Ag in sample BM-01193 (sample length 0.7m) (Figure 1) o 899g/t Ag in sample BM-01191 (0.8m) o 539g/t Ag in sample BM-01194 (1.0m) o 236g/t Ag in sample BM-01197 (1.0m)

• Trench number 4 at Occorccocha II, grades 621.5g/t Ag over 5.0m (true width) – open ended

• • Strong copper assay results from sampling at Occorccocha II also include: o 2.92% Cu in sample BM-01418 (0.4m) o 1.95% Cu in sample BM-01185 (0.4m) with 197g/t Ag o 1.73% Cu in sample BM-01119 (0.8m)

• • Strong copper assay results from sampling at Ccarhua II include: o 2.98% Cu in sample BM-01377 (0.65m) o 2.92% Cu in sample BM-01366 (0.45m) o 2.74% Cu in sample BM-01393 (1.2m) o 2.36% Cu in sample BM-01365 (0.3m)

• Results strongly confirm mineralisation extends between Riqueza (to the north) and Cerro Vicuna/Cerro Ccarhua (to the south) thus forming a contiguous zone of mineralisation over 14 kilometres

• NE Area drill program update provided with first batch of samples submitted and fourth hole commenced

Inca Minerals Limited (ASX: ICG ) is pleased to release very encouraging assay results from a reconnaissance mapping and sampling program conducted at the new Occorccocha I, Occorccocha II and Ccarhua II concession areas at its Riqueza South Project in Peru. The Company has recently announced (ASX announcement 16 August 2021) that it has acquired these concessions through successful concession auctions (completing against Anglo American Peru S.A.C.). This announcement provides further mapping and new assays results of this reconnaissance program.

A total of 90 samples were collected from Occorccocha II, 53 samples were collected from Occorccocha I, and 21 samples were collected from Ccarhua II. A peak silver assay result of 2,238g/t Ag (or 65.5oz t /t Ag) is noteworthy (Figure 1).

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Figure 1 : Photo of sample BM-01193 which contains 2,238g/t Ag (the highest Ag value to date at greater Riqueza). It is a brecciated and highly altered volcanic with visible copper mineralisation. As well as bonanza grade silver, the sample contains 0.15% copper and 0.66% lead.

ASX: ICG │ Shares on issue 449.58m 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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Figure 2 : Satellite concession plan south of Riqueza. Inca’s new Riqueza South Project is defined by the multiple green outline polygons. Anglo’s project is shown as a red shaded polygon. Rockchip sample location are shown (triangles) and include those not taken by Inca (shown within the lower most oval shape). The approximate locations of the Huancullo Au-Cu epithermal and Au-Ag-Cu porphyries are also shown (red solid lines).

Mapping and Sampling at Occorccocha I, Occorccocha II and Ccarhua II

During the permitting phase for the current NE Area FTA drilling program at Riqueza, and prior to the auction date of the contested mining concession applications (refer below) the Company conducted low-cost orientation programs across what is now called Riqueza South. Areas covered at Riqueza South included Occorccocha I, Occorccocha II, Ccarhua I and Ccarhua II. As Ccarhua I was not contested, the Company was able to release results when they were generated.

Broad-scale mapping was conducted over the majority of these areas, with more detailed mapping and subsequent sampling conducted across zones of mineralisation, alteration, breccias and/or structures.

The volcanic rocks of the Castrovirreyna Formation and Sacsaquero Group dominate the geology of Riqueza South. The entire sequence is affected by several rhyolitic-rhyodacitic domes (intrusions) which are believed to be controlled by the northwestsoutheast regional structures of the Chonta Fault System. The occurrence of intrusive domes makes this area similar to the Alternation Ridge Prospect at Riqueza, which hosts a very large and altered rhyolitic dome.

Broad alteration zones have been identified during mapping (confirming satellite interpretations) which are believed to be related to northeast-southwest trending structures. These argillic alteration zones host Fe and Mn-oxides as well as visible secondary copper mineralisation (as well as “non-visible” bonanza-grade silver mineralisation – discussed below). The occurrence of copper-silver mineralisation in northeast-southwest trending structures makes this area similar to the Cuncayoc Copper and Huasijaja prospects at Riqueza.

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Occorccocha I & II

The Occorccocha concession areas immediately border the Riqueza Project to the south and southwest (Figure 2). A total of 143 samples were collected as part of a reconnaissance mapping and sampling program.

Based on geological and/or structural orientations, shallow hand-dug trenches were excavated for channel sampling purposes at Occorccocha II. Elsewhere (Occorccocha I and Ccarhua II) samples were either individual samples or channel samples.

Assay results from targeted outcrops reveal exceptionally strong grades of silver (in North American parlance “bonanza grade” meaning a silver grade ≥750g/t-800g/t) and high grades of copper. At the newly named Cerro Hualtasja Prospect, where four trench were excavated, the southern-most trench (Trench-4), contains an average grade of 621.5g/t Ag over 5.0m (believed to be a true width) which is open ended across and along strike (Figure 3).

Individual samples of Trench 4 include: BM-01191 with 899g/t Ag (0.8m) (Figure 4), BM-01192 with 134g/t Ag (0.8m), BM01191 with 2,238g/t Ag (0.7m), BM-01194 with 539g/t Ag (1.0m), BM-01195 with 155g/t Ag (0.9m), and BM-01207 with 109g/t Ag (0.9m). Indeed, the lowest grade is still >3 oz/t silver.

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2,238g/t Ag
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Figure 3 : Sample location plan of the new Cerro Hualtasja Prospect, showing the mineralised trend (white arrow).

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Figure 4 : Sample photo of BM-01191 (left) and BM-01194 (right). Sample BM-01191 contains 899g/t Ag, 0.19% Cu, 0.82% Pb and 49.3ppm Mo. Sample BM-01194 contains 539g/t Ag, 0.19% Cu and 0.82% Pb.

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Also located on Occorccocha II is the largest copper outcrop currently known within the greater Riqueza/Riqueza South area (Figures 5 and 6). As previously announced (ASX announcement dated 16 August 2021), this copper outcrop contains visible secondary copper mineralisation (malachite and chrysocolla).

The strong copper and silver mineralisation occurs in an argillic altered silicified breccia (Figures 5 and 6). The breccia is structure-related and has a general northeast-southwest fabric and orientation. Only one sample, BM-01185, was collected from this outcrop (in line with the Company’s conversative approach to representative sampling). BM-01185 contains 1.95% Cu and 197g/t Ag.

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Figure 5 : Sample location plan of the new Cerro Linlis Prospect.

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Figure 6: Outcrop photo showing extensive massive secondary copper mineralisation (malachite and chrysocolla) located on the new Occorccocha II concession. This photo first appeared in ASX announcement dated 16 August 2021. Sample photo of BM-01185 (right). BM-01185 taken from this outcrop contains 1.95% Cu and 197g/t Ag.

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Ccarhua II

The Ccarhua II concession area is immediately south of the Riqueza Project and adjoins Occorccocha II which is to the west (Figure 2) and Ccarhua I which is to the east. A total of 21 samples to were collected as part of a reconnaissance mapping and sampling program.

Significant copper mineralisation has been identified at Ccarhua II, close to the border with Ccarhua I (also owned by Inca). Indeed, the strong copper of this part of Ccarhua II is considered a northwest extension of Cerro Vicuña (Figure 7).

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Figure 7 : Sample location plan of the Ccarhua II sampling.

Individual samples that contain strong copper grades include BM-01377 with 2.98% Cu (0.65m) (Figure 8), BM-01366 with 2.92% Cu (0.45m) (Figure 8), BM-01393 with 2.74% Cu (1.2m), and BM-01365 with 2.36% Cu (0.3m). The samples are typically of breccias or structures.

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Figure 8 : Sample photo of BM-01377 (left) and BM-01366 (right). Sample BM-01377 contains 2.98% Cu and Sample BM-01366 contains 2.92% Cu. The samples are of mineralised breccias that contain secondary copper minerals.

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Importance of Mapping and Sampling Results of Riqueza South and Southern Riqueza

Preliminary mapping and sampling has identified significant new occurrences of copper and silver mineralisation at Riqueza South (Occorccocha II and Ccarhua I). The characteristics of the mineralisation are highly reminiscent of the copper-silver occurrences at the Alteration Ridge, Cuncayoc Copper and Huasijaja prospects located in the southern third of Riqueza. The salient shared features of mineralisation include strong copper and silver values (Figure 9), argillic alteration, strong localised silicification, brecciation, and the northeast-southwest fabric and structural orientation (Figure 10).

Whilst strong zinc and lead grades characterise mineralisation in the northern parts of the greater Riqueza area, it is interesting to note that zinc and lead values in mineralisation so far identified in Riqueza South are low. It is believed that this indicates that the hydrothermal processes are “hotter” in the south. The metal zoning that is indicated is consistent with a possible porphyry intrusive “centre(s)” in these southern parts.

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Figure 9 : Outcrop photo (left) showing calcite veinlets with visible copper mineralisation including chalcopyrite, malachite and azurite and Fe-oxides. This outcrop was sampled previously by Inca (IM-001804) which returned 2.71% Cu, 919g/t Ag and 0.15% Zn. It is associated with northeast-southwest structures. Sample photo (right) of previous sample IM-000174 with 4.06% Cu and 147g/t Ag . This figure first appears in ASX announcement of 27 May 2020.

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Figure 10 : 3D total magnetic inversion models showing individual SW-NE alignment of AMAGRAD magnetic bodies arranged along a NW-SE regional trend at Riqueza. The figure is included in this announcement to illustrate the prevailing structural regime that is now known to extend onto Riqueza South. This figure first appears in ASX announcement of 19 August 2019.

Riqueza South is considered to be a nexus between of widespread copper-silver-gold epithermal system of the southern parts of Riqueza and the gold-copper epithermal and porphyry system known at Huancullo to the southeast . The latter deposits are not owned by Inca. With mineralisation contiguous from Riqueza to Huancullo, the greater Riqueza intrusiverelated mineralised system is approximately 12km x 5km in size. Inca holds the vast majority of this system.

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Summary of Riqueza South Concession Acquisitions

As previously announced (ASX announcement dated 16 August 2021), Inca has won three concession auctions against Anglo. These include: Occorccocha I Mining Concession ( Occorccocha I ) [Area A], Occorccocha II/Huancullo 04 ( Occorccocha II ) [Area B], and Ccarhua II/Huancullo 04 ( Ccarhua II ) [Area F] (Figure 11 and Table 1). These concessions are now in the process of being granted.

Also previously announced (ASX announcement dated 16 August 2021), Inca’s uncontested concessions, Gutierrez II and Ccarhua I, are now granted (Figure 11).

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Table 1 : The contested concessions for cross reference to Figure 11. The columns are the names of the original concession applications made by Anglo. The rows are the names of the original concession applications made by Inca. The corresponding areas are colour coded and assigned a letter code which cross references Figure 11. The numbers in each cell relate to the size (in hectares) of each concession.

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Figure 11: The contested concessions, marked A to H, of Inca Minerals’ subsidiary Brillandino Minerales S.A.C. and Anglo American Perú S.A. cover a total of 3,700ha. Inca has won CCORCCOCHA I (A), OCCORCCOCHA II (B) and CCARHUA II (F). Inca’s uncontested concessions, CCARHUA I and GUTIERREZ II, are now granted. Also refer to Table 1 and to Figure 2.

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NE Area Drill Update

Whenever appropriate the Company intends updating the market on the ongoing drilling program at the NE Area, Riqueza. The program is progressing well with the fourth hole at the depth of 338.0m at the time of writing (Figure 12).

Please note that the hole identification nomenclature will be changed to consider all previous drilling at the project. This is necessary to make the Riqueza database consistent. Twenty-three holes were drilled at the Humaspunco and Uchpanga prospects when the company was focussing on narrow-high grade silver-lead-zinc mineralisation. The new NE Area drill hole names will change accordingly: RP01 = RDDH024, RP02 = RDDH025, RP03 = RDDH026, RP04 = RDDH027 and so on.

The first and second holes of the current program, drill holes RDDH024 and RDDH025 are now fully logged and sampled with 266 samples submitted (as Batch 1) for multi-element analysis. Results are anticipated in 3 to 4 weeks’ time.

RDDH026 (the third hole) was drilled to a total depth of 385m. As previously released to the market, the upper sections of this hole had intersected silicified limestone with broad zones of calcite veins/stockwork and pyrite, with three occurrences of lowlevel chalcopyrite. In terms of vectoring – the direction towards possible porphyry mineralisation is still west to east. It is proposed that the Puymanpata Porphyry Target (tested in holes RDDH024/25/26) might possibly be an extensive western flank of the Pucamachay Porphyry Target (to the east). The simplified log of RDDH026 is not currently available. Core sampling of RDDH026 is ongoing and no samples from it have been submitted at the time of writing.

RDDH027 is currently at the depth of 338.0m as mentioned above. It is testing the Pucamachay Porphyry Target (Figure 12). No details are currently available of RDDH027 at the time of writing.

To date, a total of 1,866.2m has been drilled, representing approximately one third of the total program. Including all holes, the average daily drill rate is 20m/day but this figure includes the very slow rate of drilling of RDDH024, which experienced very difficult conditions. The program average drill rate, excluding RDDH024, is between 29m/day and 30m/day.

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Figure 12: Drill hole location plan.

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This announcement was authorised for release by the Board of Directors.

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 Riqueza and Riqueza South Project, located in Peru, 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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Appendix 1: Assay Tables for Samples from Occorccocha II (gold, copper, silver, lead, zinc, molybdenum)

The colour coding of the cells provides a visual aid to the metal association.

Sample Number	Sample Type	Sample Location	Sample Location	Sample Location	Sample Dimensions	Sample Dimensions	Au	Ag	Pb	Zn	Cu	Mo
		E_WGS84	N_WGS84	Height Above **Sea Level (m) **	Sample Size (m)	Channel **Length (m) **	**PPB **	PPM	PPM	PPM	PPM	PPM
BM-01049	Panel	456327.2	8588978.6	4773	0.70 x 0.70		0.5	37	3230.8	287	803.8	19.51
BM-01051	Channel	456328.0	8588984.1	4773	0.30		0.5	158	7320.6	670	3331.9	25.77
BM-01052	Panel	456319.9	8588978.0	4771	0.60 x 0.60		0.5	170	4244.9	395	1327.1	17.32
BM-01053	Channel	456315.6	8588974.7	4770	0.30		0.5	326	3650.5	251	3347.5	28.5
BM-01054	Channel	456332.9	8588977.0	4770	0.30		0.5	47	1729.7	407	3704.8	16.43
BM-01073	Panel	455942.0	8588734.0	4737	3.00 x 3.00		2	0.16	31.3	109	9.5	0.95
BM-01074	Panel	455826.0	8588892.0	4738	3.00 x 3.00		2	0.06	38.6	82	9.4	2.61
BM-01075	Panel	455734.0	8588878.0	4736	1.00 x 1.00		1	0.04	29.7	34	6.5	1.91
BM-01076	Panel	455701.0	8588712.0	4684	1.00 x 1.00		1	0.06	23.9	33	7.5	1.81
BM-01077	Panel	455770.0	8588725.0	4695	1.00 x 1.00		1	0.06	25.3	23	5.3	2.08
BM-01078	Panel	455802.0	8588729.0	4710	2.00 x 3.00		1	0.3	27.6	146	8.4	1.52
BM-01079	Panel	455847.0	8588624.0	4701	1.00 x 1.00		1	0.24	22.9	245	3.3	1.62
BM-01116	Channel	454243.0	8587554.0	4522	0.60 x 0.20		1	0.08	25	316	40.7	1.17
BM-01117	Channel	454587.0	8587399.0	4574	0.40 x 0.20		2	0.26	4.7	238	48.8	0.89
BM-01118	Channel	455722.0	8587617.0	4605	1.20 x 0.20		1	0.33	29.9	15	14.9	1.65
BM-01119	Channel	455806.0	8587481.0	4555	0.40 x 0.20		1	0.01	25.4	50	3.8	1.67
BM-01139	Panel	456332.5	8588992.5	4769	1.00 x 1.00		1	0.35	58.4	46	92.4	1.6
BM-01141	Channel	456327.4	8588991.0	4769	0.70		1	9.97	300.5	77	226.5	1.35
BM-01142	Channel	456328.1	8588990.4	4769	1.20		1	80	1832	1363	424.5	11.4
BM-01143	Channel	456328.7	8588989.9	4769	0.40		1	1.7	148.4	102	2311.6	2.63
BM-01144	Channel	456329.3	8588989.4	4770	1.00		1	0.84	118.8	65	1152	2.12
BM-01145	Channel	456330.1	8588988.7	4770	1.10	7.60	1	0.49	60.4	35	535.8	1.37
BM-01146	Channel	456330.9	8588988.1	4771	1.00		1	2.5	118.8	23	251.2	1.48
BM-01147	Channel	456331.4	8588987.6	4771	0.40		1	24	396.7	63	622.4	3.37
BM-01148	Channel	456332.0	8588987.2	4772	1.00		0.5	3.23	193.3	21	150	1.93
BM-01149	Channel	456332.6	8588986.6	4772	0.80		0.5	1.35	258.3	28	214.5	1.96
BM-01151	Channel	453592.5	8588392.9	4646	0.50		2	0.31	4.5	50	47.2	1.29
BM-01152	Channel	454122.6	8588765.4	4730	0.20		1	0.2	14.6	196	86.8	2.16
BM-01153	Channel	454465.0	8588204.0	4741	1.00		1	0.04	11	157	20.8	3.03
BM-01154	Panel	453605.1	8588115.5	4513	1.00 x 1.00		1	0.27	13.6	105	20.2	0.58
BM-01155	Channel	453807.0	8588476.4	4622	0.70		1	0.64	64.7	348	22.6	3.2
BM-01156	Panel	455030.6	8588910.0	4689	1.00 x 1.00		1	0.03	12.3	64	55.8	1.92
BM-01157	Panel	454485.0	8588392.0	4710	1.00 x 1.00		0.5	0.03	11	16	5.4	0.95
BM-01158	Panel	454685.0	8588318.0	4679	0.80 x 0.80		0.5	0.01	29.4	47	6	7.1
BM-01159	Panel	454373.1	8588972.6	4634	1.00 x 1.00		0.5	0.01	19.8	251	8.9	1.85
BM-01161	Channel	456334.1	8588977.6	4768	0.25		1	1.64	230.3	399	1298.6	3.98
BM-01162	Channel	456333.1	8588978.5	4768	0.40		0.5	1.96	149.1	31	167.3	1.76
BM-01163	Channel	456332.8	8588978.8	4768	0.40	0.80	1	91	5518.5	136	1371.8	14.15
BM-01164	Channel	456332.2	8588979.3	4769	0.54		0.5	69	2106.2	690	1662.3	8.17
BM-01166	Channel	455822.0	8587299.0	4562	0.20 x 0.30		0.5	0.32	29.4	121	5.1	2.25
BM-01167	Channel	454918.0	8587093.0	4612	0.45 x 0.20		0.5	0.07	16	13	2.5	2.69
BM-01171	Channel	456333.2	8588986.1	4773	0.70		0.5	36	515.4	70	635.6	4.24
BM-01172	Channel	456333.9	8588985.6	4773	1.00		0.5	1.26	163.8	25	146	1.5
BM-01173	Channel	456334.6	8588984.9	4774	1.00	3.10	2	59	621.2	619	1512.1	3.23
BM-01174	Channel	456335.2	8588984.5	4774	0.40		1	0.17	102.5	512	753.2	0.83

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Appendix 1: Assay Tables for Samples from Occorccocha II (gold, copper, silver, lead, zinc, molybdenum) cont…

The colour coding of the cells provides a visual aid to the metal association.

Sample Number	Sample Type	Sample Location	Sample Location	Sample Location	Sample Dimensions	Sample Dimensions	Au	Ag	Pb	Zn	Cu	Mo
		E_WGS84	N_WGS84	Height Above **Sea Level (m) **	Sample Size (m)	Channel **Length (m) **	**PPB **	PPM	PPM	PPM	PPM	PPM
BM-01175	Channel	455568.0	8587037.0	4599	0.15 x 0.25		1	0.4	23.3	685	12.9	5.72
BM-01191	Channel	456293.4	8588949.5	4755	0.80		2	899	8197.2	298	1917.6	49.26
BM-01192	Channel	456294.0	8588949.0	4755	0.80		0.5	134	656.3	43	143.6	2.34
BM-01193	Channel	456294.5	8588948.5	4755	0.70	3.30	3	2238	6617.5	436	1509.7	13.71
BM-01194	Channel	456295.2	8588948.0	4754	1.00		1	539	2217.7	87	485.7	3.46
BM-01195	Channel	456298.4	8588945.1	4754	0.90		0.5	155	5355.9	660	349.7	1.64
BM-01196	Channel	456308.7	8588969.5	4760	1.00		0.5	86	1227.7	70	528.7	4.34
BM-01197	Channel	456309.5	8588968.9	4759	1.00		0.5	236	1073.3	60	536	4.63
BM-01198	Channel	456310.2	8588968.2	4759	1.00		0.5	131	1518.1	31	311.8	3.98
BM-01199	Channel	456311.0	8588967.6	4758	1.00		2	9.95	499.8	20	127.2	2
BM-01201	Channel	456331.8	8588979.6	4769	0.50		0.5	32	562.3	395	3235.1	3.04
BM-01202	Channel	456330.8	8588980.6	4769	0.50		1	70	1830.7	46	309.5	5.14
BM-01203	Channel	456330.5	8588980.8	4769	0.30	0.80	0.5	33	753.7	78	721.1	5.3
BM-01204	Channel	456311.8	8588966.9	4758	1.00		0.5	46	438.6	25	110.2	1.61
BM-01205	Channel	456321.6	8588958.8	4757	0.70		0.5	2.92	104.6	69	97.1	2.14
BM-01206	Channel	456314.6	8588964.6	4757	0.60		0.5	29	2122.1	72	351.2	5.37
BM-01207	Channel	456299.1	8588944.5	4753	0.90		0.5	109	4332.9	134	308.7	1.68
BM-01208	Channel	456082.0	8588992.0	4769	1.00 x 1.00		1	0.48	45.7	47	6.7	5.89
BM-01209	Channel	456319.0	8588836.0	4703	0.65		1	1.97	153.2	1313	17.3	5.45
BM-01211	Panel	456580.0	8588795.0	4732	0.60 x 0.60		2	0.29	16.4	73	5.6	2.01
BM-01212	Channel	456956.0	8588728.0	4814	0.60		0.5	0.38	43.9	425	170	25.48
BM-01238	Panel	455964.2	8587320.8	4550	1.00 x 1.00		0.5	0.19	18.6	9	4.2	1.52
BM-01251	Panel	455852.0	8587010.0	4624	1.00 x 1.00		1	0.14	22.7	20	5.7	3.07
BM-01281	Channel	455764.0	8587472.4	4575	0.50		0.5	0.08	20.6	58	2.2	4.78
BM-01282	Channel	455785.0	8587569.0	4619	1.00		2	0.1	15.6	11	2.1	3.71
BM-01284	Panel	456024.0	8588134.0	4632	1.00 x 1.00		1	0.12	14.1	28	2.4	2.53
BM-01287	Channel	455543.8	8587181.7	4573	0.60		0.5	0.25	19.5	17	5	8.52
BM-01326	Channel	456321.8	8588825.3	4711	0.60 x 0.20		1	16	602.9	151	41.4	26.39
BM-01327	Channel	456322.0	8588826.0	4711	0.80 x 0.20	1.40	0.5	20	2344	3556	61.3	29.9
BM-01328	Channel	456287.1	8588932.1	4742	0.40 x 0.20		0.5	82	605	52	302.9	6.35
BM-01329	Channel	456327.0	8588833.0	4713	0.25 x 0.20		0.5	19	2753.5	4961	77.6	3.6
BM-01331	Channel	456336.0	8588834.0	4713	0.25 x 0.20		0.5	173	343.1	699	1206.6	3.98
BM-01332	Channel	456328.0	8588861.0	4720	0.50 x 0.20		0.5	1.41	422.4	346	151.5	2.62
BM-01333	Channel	456336.2	8588876.1	4724	0.90 x 0.20		0.5	4.32	256.1	128	340.6	2.66
BM-01334	Channel	456336.0	8588877.0	4724	0.85 x 0.20	1.75	0.5	98	693.7	313	977.7	4.57
BM-01335	Channel	456337.1	8588878.2	4725	0.30 x 0.20		0.5	31	852.9	7385	185.1	1.17
BM-01336	Channel	456336.0	8588880.0	4725	0.30 x 0.20		0.5	0.92	34.3	277	42.4	3.53
BM-01337	Channel	456327.0	8588900.0	4732	0.30 x 0.20		0.5	46	216.7	2131	194.1	1.47
BM-01338	Channel	456329.6	8588844.3	4716	0.40 x 0.20		0.5	0.83	18.6	1501	30.5	0.57
BM-01339	Channel	456319.0	8588985.0	4759	0.40 x 0.20		0.5	312	7307.5	707	1913.1	31.53
BM-01341	Channel	456318.4	8588985.3	4759	1.00 x 0.20		2	217	3200.1	517	1278.3	13.21
BM-01342	Channel	456317.5	8588985.7	4759	1.00 x 0.20	4.15	0.5	181	2296.1	223	805.5	22.76
BM-01343	Channel	456316.6	8588986.1	4760	1.00 x 0.20		1	91	2109.5	1129	552.4	11.98
BM-01344	Channel	456315.8	8588986.5	4760	0.75 x 0.20		0.5	118	1451.7	621	917.5	17.48
BM-01345	Channel	456317.1	8588880.7	4726	0.30 x 0.20		0.5	1.48	66.1	333	74.6	1.83

Page | 11

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Appendix 2: Assay Tables for Samples from Occorccocha I (gold, copper, silver, lead, zinc, molybdenum)

The colour coding of the cells provides a visual aid to the metal association.

Sample Number	Sample Type	Sample Location	Sample Location	Sample Location	Sampling dimensions	Sampling dimensions	Au	Ag	Pb	Zn	Cu	Mo
		E_WGS84	N_WGS84	Height Above Sea Level (m)	Sample Size (m)	Channel **Length (m) **	**PPB **	PPM	PPM	PPM	PPM	PPM
BM-01081	Channel	452331.0	8586650.0	4538	0.40		5	0.01	8.2	65	73.5	1.05
BM-01082	Channel	452348.0	8586664.0	4544	1.00		4	0.01	9.9	40	56.2	1.24
BM-01083	Channel	452390.0	8586646.0	4548	0.60		2	0.01	5.4	50	85.1	1.36
BM-01084	Channel	452395.0	8586722.0	4564	0.20		3	0.58	2.2	24	368.1	1.75
BM-01085	Panel	452476.0	8586767.0	4566	1.00 x 1.00		1	0.02	8.1	72	62.1	1.6
BM-01086	Panel	452523.0	8586768.0	4552	0.80 x 0.80		2	0.01	9	61	91.6	1.5
BM-01087	Panel	452573.0	8586811.0	4573	1.00 x 1.00		2	0.1	10.1	61	99.7	2.31
BM-01088	Channel	452552.0	8586906.0	4558	0.15		3	0.03	6	88	25.7	0.63
BM-01089	Channel	452552.2	8586905.9	4558	0.40	0.55	2	0.01	8.6	66	41.5	1.29
BM-01091	Panel	452479.0	8587283.0	4522	1.00 x 1.00		2	0.03	7	44	48.3	1.46
BM-01092	Panel	452417.0	8587385.0	4500	0.50 x 0.50		2	0.01	11.3	130	21.8	3.67
BM-01093	Channel	453152.0	8588109.0	4572	0.50		2	0.01	3.7	60	61.8	1.05
BM-01094	Panel	452899.0	8588571.0	4573	1.00 x 1.00		2	0.04	5.5	34	35.5	0.74
BM-01095	Channel	452812.0	8588543.0	4560	1.00		1	0.01	9	44	42.7	1.38
BM-01096	Channel	452717.0	8588421.0	4523	0.50		3	0.07	6.8	91	17.4	0.56
BM-01097	Panel	452442.4	8588171.4	4470	1.00 x 1.00		2	0.11	4.7	52	14.7	0.32
BM-01098	Channel	453294.2	8588148.5	4573	0.40		2	0.37	128.2	3575	46.4	693.48
BM-01099	Panel	453490.0	8588316.0	4624	0.80 x 0.80		2	0.11	11.7	35	33.4	4.27
BM-01101	Panel	452491.0	8586502.0	4570	1.20 x 1.20		2	0.19	5.2	23	57	1.6
BM-01102	Channel	452503.0	8586616.0	4569	0.35 x 0.20		2	0.13	2.7	15	72.1	1.11
BM-01103	Channel	452599.0	8586546.0	4590	0.30 x 0.20		2	0.08	5.9	72	58.2	1.55
BM-01104	Panel	452743.0	8586781.0	4561	1.20 x 1.00		1	0.06	3.1	19	55.6	1.47
BM-01105	Channel	452937.0	8586560.0	4578	0.20 x 0.30		2	0.05	2.3	8	25.9	3.97
BM-01106	Channel	453645.0	8586390.0	4641	0.20 x 0.25		1	0.08	2.5	26	22.8	1.5
BM-01108	Channel	453217.0	8587015.0	4559	0.30 x 0.20		1	0.06	2.3	10	26.7	3.98
BM-01109	Channel	452851.0	8586917.0	4598	0.50 x 0.20		1	2.14	33.2	54	475.4	14.97
BM-01111	Channel	452995.0	8585397.0	4781	0.40 x 0.20		2	0.19	20.7	46	32.6	2.47
BM-01112	Channel	453019.0	8585472.0	4784	0.65 x 0.20		2	0.15	7.4	28	94.4	1.42
BM-01113	Panel	452956.0	8585599.0	4770	1.00 x 1.00		2	0.06	11.5	33	45	1.05
BM-01114	Panel	453058.0	8585600.0	4740	1.00 x 1.00		2	0.01	22.4	19	34.5	3.4
BM-01115	Channel	452324.0	8585964.0	4658	0.60 x 0.20		2	0.06	13.1	63	35.4	1.91
BM-01121	Panel	452683.0	8586366.8	4602	1.00 x 1.00		2	0.35	6	28	71.9	5.54
BM-01122	Panel	452685.1	8586366.5	4610	2.00 x 2.00		2	0.21	8.4	53	160.5	1.36
BM-01123	Channel	453635.0	8585983.0	4705	0.80		2	0.05	9.6	42	52.9	1.43
BM-01124	Channel	453647.0	8585944.0	4694	0.80		1	0.04	10.6	44	68.3	1.28
BM-01125	Panel	453652.1	8585751.0	4721	1.00 x 1.00		2	0.31	5.6	25	54.4	0.67
BM-01126	Panel	453651.6	8585755.6	4723	2.00 x 2.00		1	0.15	6.2	38	42.2	0.68
BM-01127	Channel	453317.0	8585493.0	4739	0.40		1	0.22	15.5	79	37.6	0.88
BM-01128	Panel	453183.0	8585552.0	4735	3.00 x 2.00		2	0.08	6	461	60.3	0.97
BM-01129	Panel	452749.3	8585562.9	4728	1.00 x 1.00		2	0.02	12.6	27	28.8	1.62
BM-01131	Panel	452844.0	8585489.0	4758	1.00 x 1.00		1	0.01	14.3	20	21.5	2.81
BM-01132	Panel	452849.0	8585463.0	4761	2.00 x 2.00		1	0.01	7.4	16	40.3	1.23
BM-01133	Panel	453086.0	8585799.0	4779	1.00 x 1.00		2	0.07	19.7	90	90.8	8.61
BM-01134	Panel	453068.7	8585791.7	4788	0.40		2	0.06	12.6	31	52.5	1.26
BM-01135	Panel	453071.1	8585793.2	4783	0.50	0.90	2	0.03	16.3	23	37.4	2.99
BM-01136	Panel	452928.0	8586007.0	4777	1.00 x 1.00		1	0.06	12.6	23	33.6	1.41
BM-01137	Panel	452860.0	8586001.0	4765	1.00 x 1.00		1	0.03	10.3	20	58.3	1.34
BM-01138	Channel	452481.5	8585800.6	4775	0.80		1	0.02	16.4	42	38.4	1.25
BM-01151	Channel	453592.5	8588392.9	4646	0.50		2	0.31	4.5	50	47.2	1.29
BM-01154	Panel	453605.1	8588115.5	4513	1.00 x 1.00		1	0.27	13.6	105	20.2	0.58
BM-01155	Channel	453807.0	8588476.4	4622	0.70		1	0.64	64.7	348	22.6	3.2
BM-01458	Channel	459727.4	8586952.1	4722	1.00 x 0.20		0.5	0.16	9.9	50	56.2	5.22
BM-01459	Panel	459747.0	8586941.0	4725	2.00 x 2.00		0.5	0.22	14.2	190	118.2	3.03

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Appendix 3: Assay Tables for Samples from Ccarhua II (gold, copper, silver, lead, zinc, molybdenum)

The colour coding of the cells provides a visual aid to the metal association.

==> picture [511 x 264] intentionally omitted <==

----- Start of picture text -----

Sample Location Sampling Dimensions Au Ag Pb Zn Cu Mo
Sample
Sample Type
Number Height Above Channel
E_WGS84 N_WGS84 Sample Size (m) PPB PPM PPM PPM PPM PPM
Sea Level (m) Length (m)
BM-01213 Pannel 457431.0 8588217.0 4834 0.80 x 0.80 2 0.15 10.1 63 5.4 1.83
BM-01214 Pannel 457464.0 8588383.0 4841 0.80 x 0.80 1 0.13 40.5 322 7.4 5.98
BM-01215 Channel 457577.0 8588756.0 4806 0.30 0.5 0.21 20.4 132 32.1 3
BM-01223 Channel 457225.7 8588858.9 4926 1.00 0.5 0.17 31.5 106 6.6 1.76
BM-01363 Channel 458881.2 8587841.7 4815 0.60 x 0.20 0.5 0.73 55.8 27 94 1.27
BM-01364 Channel 458888.5 8587836.4 4817 0.40 x 0.20 0.5 7.19 22.1 52 20620 1.74
0.55
BM-01365 Channel 458885.5 8587836.4 4817 0.15 x 0.30 0.5 18 31.1 32 23610 1.79
BM-01366 Channel 458887.0 8587826.0 4817 0.45 x 0.20 0.5 21 26 26 29160 2
BM-01367 Channel 458890.0 8587825.0 4817 0.20 x 0.50 0.5 9.99 26.9 27 11950 1.13
BM-01368 Pannel 458965.0 8588248.0 4779 1.00 x 1.00 1 0.33 2.5 13 56.7 0.51
BM-01369 Channel 458902.0 8587823.0 4822 0.50 x 0.20 0.5 12 46.5 68 20600 1.4
BM-01377 Channel 458999.0 8587615.1 4833 0.65 x 0.20 1 4.16 25.7 695 29760 1.22
BM-01378 Channel 458999.5 8587614.6 4833 0.85 x 0.20 1 3.26 34.5 432 9165.1 1.12
BM-01379 Channel 459000.0 8587614.0 4833 0.7 x 0.20 1 6.33 35.7 345 13850 1.34
BM-01388 Channel 458906.5 8587821.3 4823 0.45 x 0.20 0.5 2.02 50.6 47 1070.3 0.87
2.10
BM-01389 Channel 458910.2 8587815.2 4824 1.00 x 0.20 0.5 18 21.5 40 21910 2.11
BM-01391 Channel 458909.4 8587814.6 4824 1.10 x 0.20 2 3.54 29.8 36 1790.9 1.97
BM-01392 Channel 458914.3 8587810.9 4825 0.80 x 0.20 0.5 1.02 15 44 3194.7 1.66
2.00
BM-01393 Channel 458913.7 8587810.1 4825 1.20 x 0.20 0.5 6.86 18.9 43 27380 1.79
BM-01394 Channel 458908.0 8587807.0 4824 0.35 x 0.20 2 2.19 19.5 53 5416 1.46
----- End of picture text -----

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Appendix 4: 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 reconnaissance mapping and sampling field work conducted at the Riqueza South Project. 164 rock chip samples were taken. Rock samples were collected that were considered representative of the source material and were recorded as panel or channel samples.

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

This announcement refers to reconnaissance mapping and sampling field work conducted at the Jean Elson Project. 164 rock chip samples were taken. Rock samples were collected that were considered representative of the source material and were recorded as panel or channel samples. As a reconnaissance program, sample sites were selected on the basis of visible mineralisation, alteration or other geological/structural/mineralogical interest. Samples are considered representative of the targeted feature.

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

Mineralisation is evidenced in the field by visible copper minerals and intensity of alteration and veining/brecciation. The samples taken from mineralised outcrop are considered representative of such mineralisation and alteration outcropping at the various locations mapped and sampled. Approximately 2kg of sample was taken from each sample location. Samples were either in the form of panels (composites from a roughly square area) or channel (composites from a linear area) orientated perpendicular to the orientation to the sampled feature.

Criteria: Drilling techniques

JORC CODE Explanation

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

No drilling results are referred to in this announcement.

Criteria: Drill sample recovery

JORC CODE Explanation

Method of recording and assessing core and chip sample recoveries and results assessed.

Company Commentary

No drilling results are referred to in this announcement.

JORC CODE Explanation

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Company Commentary

No drilling results are referred to in this announcement.

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.

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Company Commentary

No drilling results are referred to in this announcement.

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.

Company Commentary

No drilling results are referred to in this announcement.

JORC CODE Explanation

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography

Company Commentary

No drilling results are referred to in this announcement.

JORC CODE Explanation

The total length and percentage of the relevant intersections logged.

Company Commentary

No drilling results are referred to in this announcement.

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

No drilling results are referred to in this announcement.

JORC CODE Explanation

If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.

Company Commentary

No drilling results are referred to in this announcement.

JORC CODE Explanation

For all drill sample types, the nature, quality and appropriateness of the sample preparation technique.

Company Commentary

No drilling results are referred to in this announcement.

JORC CODE Explanation

Quality control procedures adopted for all sub-sampling stages to maximise “representivity” of samples.

Company Commentary

No drilling results are referred to in this announcement.

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

Mineralisation is evidenced in the field by visible copper minerals and intensity of alteration and veining/brecciation. The samples taken from mineralised outcrop are considered representative of such mineralisation and alteration outcropping at the various locations mapped and sampled. Approximately 2kg of sample was taken from each sample location. Samples were either in the form of panels (composites from a roughly square area) or channel (composites from a linear area) orientated perpendicular to the orientation to the sampled feature. To this extent, the sampling technique appears representative of sampled feature.

JORC CODE Explanation

Whether sample sizes are appropriate to the grain size of the material being sampled.

Page | 15

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Company Commentary

The average rockchip sample size of approximately 2kg is considered appropriate.

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 includes assay results undertaken by SGS in Lima, Peru and are considered of leading industry standard. Samples were crushed, pulverised with analyses completed by 4 acid digest of 25g sample with ICP-MS and ICP-AES for multielement and 30g fire assay for gold. Historic sample assay results also referred to in this announcement were generated by a previous exploration company.

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 includes assay results undertaken by SGS in Lima, Peru and are considered of leading industry standard. Samples were crushed, pulverised with analyses completed by 4 acid digest of 25g sample with ICP-MS and ICP-AES for multielement and 30g fire assay for gold. The laboratory procedures to generate the results is unknown by the Company however strong correlation between Company results and historical results indicates reliable data quality.

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

SGS introduce blanks and duplicates as part of its regular QAQC procedures. Due to the relatively small number of samples, the Company did not add additional QAQC procedures.

Criteria: Verification of sampling and assaying

JORC CODE Explanation

The verification of significant intersections by either independent or alternative company personnel.

Company Commentary

No drilling results are referred to in this announcement.

JORC CODE Explanation

The use of twinned holes.

Company Commentary

No drilling results are referred to in this announcement.

JORC CODE Explanation

Documentation of primary data, data entry procedures, date verification, data storage (physical and electronic) protocols.

Company Commentary

This announcement refers to reconnaissance mapping and sampling field work conducted at the Riqueza South Project. 164 rock chip samples were taken. Rock samples were collected that were considered representative of the source material and were recorded as panel or channel Storage of primary data, data entry procedures, date verification, data storage (physical and electronic) follow best-practise protocols.

JORC CODE Explanation

Discuss any adjustment to assay data.

Company Commentary

No adjustments have been applied to assay results generated by the Company as reported in this announcement.

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.

Page | 16

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Company Commentary

This announcement refers to reconnaissance mapping and sampling field work conducted at the Jean Elson Project. 164 rock chip samples were taken. Rock samples were collected that were considered representative of the source material and were recorded as panel or channel samples. Locations were determined by handheld GPS. Trenches, channels and panels were all measured by measuring tape from the recorded GPS location.

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 reconnaissance mapping and sampling field work conducted at the Jean Elson Project. 164 rock chip samples were taken. Rock samples were collected that were considered representative of the source material and were recorded as panel or channel samples. Locations were determined by handheld GPS. Trenches, channels and panels were all measured by measuring tape from the recorded GPS location.

Criteria: Data spacing and distribution

JORC CODE Explanation

Data spacing for reporting of Exploration Results.

Company Commentary

This announcement refers to reconnaissance mapping and sampling field work conducted at the Jean Elson Project. 164 rock chip samples were taken. Rock samples were collected that were considered representative of the source material and were recorded as panel or channel samples. As a reconnaissance program, sample sites were selected on the basis of visible mineralisation, alteration or other geological/structural/mineralogical interest. Spacing is a consequence of the locations of interesting featured selected for sampling. The number and spacing of samples at each feature following best practice – not over-sampling visible mineralisation to skewer results.

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

No grade, grade continuity, Mineral Resource or Ore Reserve estimations are referred to in this announcement.

JORC CODE Explanation

Whether sample compositing has been applied.

Company Commentary

164 chip samples were taken from the mapping and sampling program of Riqueza South with representative samples collected. Sample compositing was carried out at most locations insofar as multiple samples were collected from panel and channel (described above) into a single sample. Sample compositing is a common practice in collecting rockchip samples from a single outcrop location.

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

164 chip samples were taken from the mapping and sampling program of Riqueza South with representative samples collected. Sample compositing was carried out at most locations insofar as multiple samples were collected from panel and channel (described above) into a single sample. As a reconnaissance program, sample sites were selected on the basis of visible mineralisation, alteration or other geological/structural/mineralogical interest. The samples are unconsidered unbiassed in terms of the indicated/possible deposit type.

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

N/A – No drilling results, sampling or assay results are referred to in this announcement.

Page | 17

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Criteria: Sample security

JORC CODE Explanation

The measures taken to ensure sample security.

Company Commentary

This announcement refers to 164 rock chip samples. The samples were made secured and at all times monitored prior to submission for geochemical analysis.

Criteria: Audits and reviews

JORC CODE Explanation

The results of any audits or reviews of sampling techniques and data.

Company Commentary

No audits were required in relation to information subject of this announcement.

SECTION 2 REPORTING OF EXPLORATION RESULTS

Criteria: Mineral tenement and land tenure status

JORC CODE Explanation

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: Three Peruvian Mining Concession applications, Occorccocha I, Occorccocha II and Ccarhua II.

Ownership: Occorccocha I, Occorccocha II and Ccarhua II are owned 100% by the Company.

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

All the concessions mentioned above are 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 does not refer to exploration conducted by previous parties.

Criteria: Geology

JORC CODE Explanation

Deposit type, geological setting and style of mineralisation.

Company Commentary

The geological setting of the area is that of a gently SW dipping sequence of Cretaceous limestones, Tertiary “red-beds” and volcanics on a western limb of a NW-SE trending anticline; subsequently affected by an intrusive rhyolite volcanic dome believed responsible for a series of near vertical large scale structures and multiple and pervasive zones of epithermal related Au-Cu-Ag-Mn-Zn-Pb 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

No drilling or drilling results are included in this announcement.

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.

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Company Commentary

No drilling or drilling results are included in this announcement.

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 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 shown in detail

Company Commentary

No weighted averages, maximum/minimum truncations and cut-off grades were applied to assay reporting in this announcement.

JORC CODE Explanation

The assumptions used for any reporting of metal equivalent values should be clearly stated.

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

The orientation of the visible mineralisation encountered in the outcrop that were sampled/photographed and the subject of this announcement are believed related to structures with known/measurable orientations. Whilst sample orientations were as perpendicular as possible, the sample dimensions do not therefore necessarily relate to the true-widths of the actual mineralisation.

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

Adequate plans are provided showing the general position of the samples subject of this announcement.

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 one previous ASX announcement dated 16 August 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.

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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 samples subject of this announcement.

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