ROX RESOURCES LIMITED — Capital/Financing Update 2020

Jun 15, 2020

RRL1691D

ASX ANNOUNCEMENT

16 June 2020

Youanmi (Grace) Exploration Update

Highlights:

ROX RESOURCES LIMITED ASX: RXL

Rox Resources Limited (ASX: RXL) is an Australian listed company with advanced gold and nickel projects in Western Australia: the Youanmi Gold Project, Mt Fisher Gold project, and the Fisher East and Collurabbie Nickel projects.

Deepest drilling completed at Grace has intersected impressive gold grades. Highlights include:

• RXRC287: 25m @ 34.79g/t Au from 143m (Grace)

• Including : 6m @ 140.7g/t Au from 150m

• Deepest intercept to date extending mineralisation both along strike, and down-dip

• RXRC291: Visible gold in RC chips approximately 20m down dip from RXRC287 intersection. Assays Pending.

____________

DIRECTORS

Mr Stephen Dennis Chairman

Mr Alex Passmore Managing Director

Mr Brett Dickson Finance Director

Dr John Mair Non-Executive Director

Shares on Issue 1,989m Share Price $0.025 Market Cap. $49.7m Cash & $15.8m Receivables (pro-forma 31/03/20 + post-Placement and SPP, net of $2m acquisition)

Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Company”) (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation Limited (ASX: VMC) is pleased to report further results (Tables 1 and 2, Figure 1) from the drilling program being undertaken at Youanmi in the OYG JV area.

Rox recently increased its interest in the OYG JV to 70% (ASX: 11 June 2020) with VMC holding the remaining 30%.

Assay results from the current drill program, which commenced in late May 2020, have now started to flow in.

This 3,000m drill program is testing depth and strike extensions to the Grace prospect together with infill on some sections where a higher drill density was required due to the very high gold grades received from earlier drilling.

Pleasingly, and further to the Company’s ASX release of 6 May 2020, recent step out (i.e. down plunge) results received show the continuation of a second high-grade zone beneath the discovery zone (Figure 2). In addition to the impressive grades and intercept widths, the result provides important geological information, and is a clear demonstration of the rich prospectivity of the Youanmi granite margin. These new intercepts open up significant target zones for gold mineralisation at Grace along strike and down-dip from the initial discovery zone.

Level 1, 34 Colin Street, West Perth WA 6005

+61 8 9226 0044

admin@roxresources.com.au

Managing Director Alex Passmore commented: “These very impressive results are the best we’ve seen and significantly, are from the deepest drilling at Grace to date. The exploration model we are applying at Grace is continuing to work well, delivering what is shaping up to be a substantial high-grade deposit. We look forward to updating the market on further assays as they become available.”

www.roxresources.com.au

Grace is interpreted to comprise a series of north-plunging, high grade, stacked-lodes within the Youanmi granite. Grace is located adjacent to the historically-mined Youanmi shear zone hosted deposits located within the adjacent greenstone sequences. The Grace Prospect exhibits a ladder vein array geometry – a feature of other granite-hosted gold deposits of the Yilgarn Craton such as Granny Smith and King of the Hills. This style of mineralisation was not recognised at Youanmi by previous explorers.

Forward Plan

This phase of Grace drilling of around 3,000m is to augment the work already done by the Company (and JV) and to facilitate resource estimation work. Given receipt of ongoing high-grade results we are planning to expand the drilling program in parallel to these work streams.

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Figure 1 - Drill hole collars and intercepts over Aerial Photo

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Figure 2 - Grace Prospect Long Section

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Figure 3 – Panned visible gold from RXRC287 @ 151m

Authorised for release to ASX by Alex Passmore, Managing Director

* ENDS ***

For more information:

Alex Passmore Managing Director Rox Resources Limited Tel: +61 8 9226 0044 admin@roxresources.com.au

Matt Hogan Managing Director Venus Metals Corporation Limited Tel: +61 8 9321 7541

Competent Person Statements

Exploration Results

The information in this report that relates to Data and Exploration Results is based on information compiled and reviewed by Mr Gregor Bennett a Competent Person who is a Member of the Australian Institute Geoscientists (AIG) and Exploration Manager at Rox Resources. Mr Bennett has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Bennett consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Where reference is made to previous releases of exploration results in this announcement, the Company confirms that it is not aware of any new information or data that materially affects the information included in those announcements and all material assumptions and technical parameters underpinning the exploration results included in those announcements continue to apply and have not materially changed.

The information in this report that relates to previous Exploration Results, was either prepared and first disclosed under the JORC Code 2004 or under the JORC Code 2012 and has been properly and extensively cross-referenced in the text to the date of original announcement to ASX. In the case of the 2004 JORC Code Exploration Results and Mineral Resources, they have not been updated to comply with the JORC Code 2012

Resource Statements

The information in this report that relates to gold Mineral Resources for the Youanmi Project was reported to the ASX on 17 April 2019 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 17 April 2019, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 17 April 2019 continue to apply and have not materially changed.

The information in this report that relates to gold Mineral Resources for the Mt Fisher project was reported to the ASX on 11 July 2018 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 11 July 2018, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 11 July 2018 continue to apply and have not materially changed.

The information in this report that relates to nickel Mineral Resources for the Fisher East project was reported to the ASX on 5 February 2016 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 5 February 2016, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 5 February 2016 continue to apply and have not materially changed.

The information in this report that relates to nickel Mineral Resources for the Collurabbie project was reported to the ASX on 18 August 2017 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 18 August 2017, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 18 August 2017 continue to apply and have not materially changed.

Forward ‐ Looking Statements

‐ ‐ This document may include forward looking statements. Forward looking statements include, but are not limited to, statements concerning Rox Resources Limited planned exploration program(s) and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may”, "potential," "should," and similar expressions are forward looking statements.

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About Rox Resources

Rox Resources Limited is an emerging Australian minerals exploration company. The company has a number of key assets at various levels of development with exposure to gold, nickel, copper and platinum group elements (PGE’s). The 1.2Moz Youanmi Gold Project and the Fisher East Nickel Project (78kt Ni) being the most advanced projects with exploration ongoing at the Mt Fisher Gold Project and the Collurabbie Nickel-Copper-PGE Project.

Youanmi Gold Project (Youanmi Gold Mine 70%, Regional JV’s 50% earn-in)

The Youanmi Gold Mine is located 480 km to the northeast of Perth, Western Australia. The Youanmi Mining Centre has produced an estimated 667,000 oz of gold (at 5.47 g/t Au) since discovery in 1901 during three main periods: 1908 to 1921, 1937 to 1942, and 1987 to 1997.

The project is situated in the Youanmi Greenstone Belt, within the Southern Cross Province of the Archaean Yilgarn Craton in Western Australia. The structure of the Youanmi Project is dominated by the north-trending Youanmi Fault Zone. Most of the gold mineralisation seen at the project is hosted within north-northwest splays off the north-northeast trending Youanmi Fault.

Fisher East Nickel Project (100%)

The Fisher East nickel project is located in the North Eastern Goldfields region of Western Australia and hosts several nickel sulphide deposits. The total project area is ~350km2.

Discovery of, and drilling at the Camelwood, Cannonball and Musket nickel prospects has defined a JORC 2012 Mineral Resource (ASX:RXL 5 February 2016) of 4.2Mt grading 1.9% Ni reported at 1.0% Ni cut-off (Indicated Mineral Resource: 3.7Mt grading 1.9% Ni, Inferred Mineral Resource: 0.5Mt grading 1.5% Ni) comprising massive and disseminated nickel sulphide mineralisation, and containing 78,000 tonnes of nickel. Higher grade mineralisation is present in all deposits (refer to ASX announcement above) and is still open at depth beneath each deposit. Additional nickel sulphide deposits continue to be discovered (e.g. Sabre) and these will add to the resource base. Exploration is continuing to define further zones of potential nickel sulphide mineralisation.

Collurabbie Gold-Nickel Project (100%)

The Collurabbie project is located in the highly prospective North Eastern Goldfields region of Western Australia and is prospective for gold and nickel. The project area of ~123km2 hosts the Olympia nickel sulphide deposit and a number of other prospects for nickel sulphide mineralisation. A JORC 2012 Inferred Mineral Resource of 573,000t grading 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt has been defined at Olympia (ASX: RXL 18 August 2017). The style of nickel sulphide mineralisation is different to that at Fisher East, with a significant copper and PGE component at Collurabbie, and has been compared to the Raglan nickel deposits in Canada (>1Mt contained nickel). In addition, there is potential for gold mineralisation, with several strong drilling intersections including 2m @ 2.4g/t Au from the Naxos prospect.

Mt Fisher Gold Project (100%)

The Mt Fisher gold project is located in the North Eastern Goldfields region of Western Australia, adjacent to the Fisher East nickel project, and hosts several gold deposits. The total project area is ~220km2.

Drilling by Rox has defined numerous high-grade gold targets and a JORC 2012 Measured, Indicated and Inferred Mineral Resource (ASX:RXL 11 July 2018) of 1.0 million tonnes grading 2.7 g/t Au reported at a 0.8 g/t Au cut-off exists for 89,000 ounces of gold (Measured: 170,000 tonnes grading 4.1 g/t Au, Indicated: 220,000 tonnes grading 2.7 g/t Au, Inferred: 630,000 tonnes grading 2.3 g/t Au) aggregated over the Damsel, Moray Reef and Mt Fisher deposits.

Table 1 – Significant Intersections

Hole ID	from	to	Interval	Aug/t	Aug.m
RXRC286	36	44	8	0.61	4.88
RXRC286	76	84	8	0.84	6.69
RXRC286	88	92	4	1.32	5.3
RXRC287	143	168	25	34.79	869.75
RXRC287	150	156	6	140.67	844.02

Table 2 - Collar Locations and Drilling Details

Hole ID	Prospect	Drill **Type **	East	North	RL	Depth	Dip	Azi
RXRC281	Grace	RC	680140	6833797	459	80	-60	65
RXRC286	Grace	RC	680080	6833747	459	180	-87	245
RXRC287	Grace	RC	680073	6833788	459	180	-88	245
RXRC288	Grace	RC	680074	6833744	461	228	-77	245
RXRC289	Grace	RC	680092	6833710	460	240	-77	245
RXRC290	Bunker S	RC	679575	6832791	460	180	-60	65
RXRC291	Airstrip	RC	680216	6833362	458	150	-78	65
RXRC292	Grace	RC	680069	6833786	461	220	-84	245

JORC Table 1 - Section 1 Data and Sampling Techniques

Criteria	JORC Code explanation	Commentary
Sampling	Nature and quality of sampling (e.g. cut channels,	RC hole diameter was 5.5" (140 mm) reverse circulation
techniques	random chips, or specific specialised industry standard	percussion (RC). Sampling of RC holes was undertaken by
	measurement tools appropriate to the minerals under	collecting 1m cone split samples at intervals.
	investigation, such as down hole gamma sondes, or
	handheld XRF instruments, etc). These examples	Drill holes were generally angled at -650towards grid
	should not be taken as limiting the broad meaning of	northeast (but see Table for individual hole dips and
	sampling.	azimuths) to intersect geology as close to perpendicular as

Drill holes were generally angled at -65[0] towards grid northeast (but see Table for individual hole dips and azimuths) to intersect geology as close to perpendicular as possible.

Drillhole locations were picked up by differential GPS. Logging of drill samples included lithology, weathering, texture, moisture and contamination (as applicable). Sampling protocols and QAQC are as per industry best practice procedures.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used

Criteria	JORC Code explanation Commentary
	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 gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information RC drillholes were sampled on 1m intervals using a cone splitter. Samples were sent to Intertek Genalysis in Perth, crushed to 10mm, dried and pulverised (total prep) in LM5 units (Some samples > 3kg were split) to produce a sub-sample. The pulps were analysed by 50g Fire Assay with ICP-OES (Intertek code FA50/OE).
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). Drilling technique was Reverse Circulation (RC). The RC hole diameter was 140mm face sampling hammer. Hole depths reported range from 70m to 160m.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed RC drill recoveries were high (>90%).
	Measures taken to maximise sample recovery and ensure representative nature of the samples RC samples were visually checked for recovery, moisture and contamination and notes made in the logs.
	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. There is no observable relationship between recovery and grade, and therefore no sample bias.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Detailed geological logs have been carried out on all RC drill holes, but no geotechnical data have been recorded (or is possible to be recorded due to the nature of the sample). The geological data would be suitable for inclusion in a Mineral Resource estimate.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. Logging of RC chips recorded lithology, mineralogy, mineralisation, weathering, colour, and other sample features. RC chips are stored in plastic RC chip trays.
	The total length and percentage of the relevant intersections logged All holes were logged in full.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. N/A
	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. RC samples were collected on the drill rig using a cone splitter. If any mineralised samples were collected wet these were noted in the drill logs and database.
	For all sample types, the nature, quality and appropriateness of the sample preparation technique. The sample preparation followed industry best practice. Fire Assay samples were dried, coarse crushing to ~10mm, followed by pulverisation of the entire sample in an LM5 or equivalent pulverising mill to a grind size of 85% passing 75 micron.
	Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples. Field QC procedures involve the use of Certified Reference Materials (CRM’s) as assay standards, along with duplicates and blank samples. The insertion rate of these was approximately 1:20.

Criteria	JORC Code explanation Commentary
	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. For RC drilling field duplicates were taken on a routine basis at an approximate 1:20 ratio using the same sampling techniques (i.e. cone splitter) and inserted into the sample run.
	Whether sample sizes are appropriate to the grain size of the material being sampled. The sample sizes are considered more than adequate to ensure that there are no particle size effects relating to the grain size of the mineralisation which lies in the percentage range.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. The analytical technique involved Fire Assay 50g.
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. No geophysical or portable analysis tools were used to determine assay values stored in the database.
	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. Internal laboratory control procedures involve duplicate assaying of randomly selected assay pulps as well as internal laboratory standards. All of these data are reported to the Company and analysed for consistency and any discrepancies.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel. Senior personnel from the Company (Managing Director and Exploration Manager) have visually inspected mineralisation within significant intersections.
	The use of twinned holes. No twin holes have been completed by Rox at the Grace Prospect.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Primary data was collected using a standard set of Excel templates on Toughbook laptop computers in the field. These data are transferred to Geobase Pty Ltd for data verification and loading into the database.
	Discuss any adjustment to assay data. No adjustments or calibrations have been made to any assay data.
Location of data points	Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. A DGPS has been used to determine collar locations.
	Specification of the grid system used. The grid system is MGA_GDA94, zone 50 for easting, northing and RL.
	Quality and adequacy of topographic control. The topography of the mined open pits is well defined by historic monthly survey pickups
Data spacing and distribution	Data spacing for reporting of Exploration Results. The drill hole spacing is approximately 20-40 metres between drill sections.
	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. Data spacing and distribution are sufficient to establish the degree of geological and grade continuity appropriate for JORC(2012) classifications applied.

Criteria	JORC Code explanation Commentary
	Whether sample compositing has been applied. For RC samples, sample compositing occurred over 4 metre intervals.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. The mineralisation strikes generally NW-SE and dips to the west at approximately -60 degrees. The drill orientation was 065 degrees and -60 to -90 dip. Drilling is believed to be generally perpendicular to strike.
	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. No sampling bias is believed to have been introduced.
Sample security	The measures taken to ensure sample security. Sample security is managed by the Company. After preparation in the field samples are packed into polyweave bags and despatched to the laboratory. For a large number of samples these bags were transported by the Company directly to the assay laboratory. In some cases the sample were delivered by a transport contractor the assay laboratory. The assay laboratory audits the samples on arrival and reports any discrepancies back to the Company. No such discrepancies occurred.
Audits or reviews	The results of any audits or reviews of sampling techniques and data. No audits have yet been completed.

JORC Table 1 - Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation Commentary
Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. Rox Resources Ltd has entered into a Joint Venture Agreement with Venus Metals Corporation Ltd to to acquire an initial 50% interest in the Youanmi Gold Mine Joint Venture (OYG Joint Venture). Tenements in the JV consist of the following mining leases: M 57s /10, 51,76,97,109, 135, 160A, 164, 165, 166 and 167.
	The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. The tenement is in good standing and no known impediments exist.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties. Significant previous exploration has been carried out throughout the project by various companies, including AC/RAB, RC drilling and diamond drilling 1971-1973 WMC: RAB, RC and surface diamond drilling 1976 Newmont: 10 surface diamond drillholes (predominantly targeting base metals). 1980-1986 BHP: RAB, RC and surface diamond drilling (predominantly targeting base metals). 1986-1993 Eastmet: RAB, RC and surface diamond drilling. 1993-1997 Goldmines of Australia: RAB, RC and surface diamond drilling. Underground mining and associated underground diamond drilling. 2000-2003 Aquila Resources Ltd: Shallow RAB and RC drilling 2004-2005 Goldcrest Resources Ltd: Shallow RAB and RC drilling; data validation. 2007- 2013 Apex Minerals NL: 9 diamond holes targeting extensions to the Youanmi deeps resource.

Criteria			JORC Code explanation						Commentary
Geology									The Youanmi Project straddles a 40km strike length of the
									Youanmi Greenstone Belt, lying within the Southern Cross
									Province of the Archaean Yilgarn Craton in Western
									Australia. The greenstone belt is approximately 80km long
									and 25km wide, and incorporates an arcuate, north-trending
									major crustal structure termed the Youanmi Fault Zone. This
									structure separates two discordant greenstone terrains, with
									the stratigraphy to the west characterised by a series of
									weakly deformed, layered mafic complexes (Windimurra,
									Black Range, Youanmi and Barrambie) enveloped by
									strongly deformed, north-northeast trending greenstones.
									Gold mineralisation is developed semi-continuously in shear
									zones over a strike length of 2,300m along the western
									margin of the Youanmi granite.
									The Youanmi gold lodes are invariably associated with a high
									pyrite and arsenopyrite content and the primary ore is
									partially to totally refractory.
									There are a series of major fault systems cutting through the
									Youanmi trend mineralisation that have generated some
	Deposit type, mineralisation.			geological setting		and style		of	significant off-sets. The Youanmi Deeps project area is subdivided into three main areas or fault blocks by cross-cutting steep south-east
									trending faults; and these are named Pollard, Main, and Hill
									End from south to north respectively.
									Granite hosted gold mineralisation occurs at several sites,
									most notably the Plant Zone Prospect, located immediately
									north-northeast of the Main Pit and processing plant. Gold
									mineralization occurs as free particles within the sulphide-
									poor stockwork quartz veining, controlled by shallow west
									dipping shear zones, within a deeply weathered granite host.
									Mineralised envelopes extend over a strike length of at least
									1,200m.
									The Commonwealth-Connemarra mineralised trend is
									centred 4km northwest of the Youanmi plant. The geology
									comprises a sequence of folded mafic and felsic volcanic
									rocks intercalated with BIF and intruded by granite along the
									eastern margin. Gold mineralisation is developed over a
									600m strike length, associated with a north trending and
									steeply west dipping shear zone that traverses the northwest
									trending succession.
Drill hole	A summary		of all information			material to		the
Information	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			Refer to drill results Table/s and the Notes attached thereto.
		above		sea level in metres) of the drill hole
		collar
	•	dip and azimuth			of the hole
	•	down hole length and interception depth
	•	hole	length.
Data aggregation methods	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.								All reported assay intervals have been length weighted. No top cuts have been applied. A lower cut-off of 0.5g/t Au was applied. See Notes to Table/s.

Criteria	JORC Code explanation Commentary
	Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. Mineralisation over 0.5g/t Au has been included in aggregation of intervals.
	The assumptions used for any reporting of metal equivalent values should be clearly stated. No metal equivalent values have been used or reported.
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’). No definite relationships between mineralisation widths and intercept lengths are known from this drilling due to the highly weathered nature of the material sampled.
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Refer to Figures and Table in the text.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Representative reporting of both low and high grades and widths is practiced.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. All meaningful and material information has been included in the body of the announcement.
Further work	The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive Further work (RC and diamond drilling) is justified to locate extensions to mineralisation both at depth and along strike.