RUMBLE RESOURCES LIMITED — Capital/Financing Update 2019

Feb 5, 2019

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6[th] February 2019

First Order Drill Targets Defined at Earaheedy Zinc Project Re-release

Corporate Details

ASX: ZNC

Zenith Minerals Limited (“Zenith” or “the Company”) is pleased to bring to the attention of shareholders an ASX release by Rumble Resources Limited – “Rumble” (ASX:RTR) in regards to the Earaheedy Zinc project.

Rumble Resources Limited has an option agreement with Fossil Prospecting Pty Ltd (a wholly owned subsidiary of Zenith) to acquire a 75% interest in E69/3464 that contains Rumble’s Earaheedy zinc drill targets.

Rumble has scheduled drilling to commence in March 2019.

Issued Shares (ZNC) 212.8M Unlisted options 4.15M Mkt. Cap. ($0.06) A$13M Cash (31[st] Dec 18) A$1.3 M Debt Nil

Directors

Michael Clifford: Managing Director

Mike Joyce: Non-Exec Chairman

Stan Macdonald: Non-Exec Director Julian Goldsworthy: Non-Exec Director Graham Riley: Non-Exec Director

Major Shareholders

HSBC Custody. Nom.	12.2%
Nada Granich	5.4%
J P Morgan	4.8%
Miquilini	4.3%
Abingdon	4.1%

For further information contact:

Zenith Minerals Limited

Directors Michael Clifford or Mike Joyce E: mick@zenithminerals.com.au Phone +61 8 9226 1110

Media and Broker Enquiries Andrew Rowell E: arowell@canningspurple.com.au Phone +61 8 6314 6300

Contact Details

Level 2/33 Ord Street West Perth, WA, 6005

Mail: PO Box 1426 West Perth, WA, 6872 T : +61 8 9226 1110 E : info@zenithminerals.com.au W: www.zenithminerals.com.au

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6[th] February 2019

First Order Drill Targets Defined At Earaheedy Zinc Project

Highlights

Rumble Resources Ltd

Six First Order Drill Targets Defined

• Detailed infill gravity surveys completed by Rumble have been modelled (gravity inversion modelling) with six first order drill targets identified.

• Importantly, the gravity targets are located over the main interpreted basement extension fault and likely represent high to moderate angle fault breccia zones with high potential to host economic base metal mineralisation .

Suite 9, 36 Ord Street, West Perth, WA 6005 T +61 8 6555 3980 F +61 8 6555 3981

rumbleresources.com.au

• The gravity targets dip steeply to the southwest in line with the basement fault zone.

• The gravity targets (iso-shells) are large, up to 1.5km in strike length (EG1) and up to 300m in width

• All six gravity targets are located within the flat lying carbonate unit that hosts the known zinc-lead horizon (from historic drilling)

• Significantly, no historic drill-holes previously intercepted the six first order gravity targets to be drill tested by Rumble

ASX RTR

Executives & Management

Mr Shane Sikora Managing Director

Mr Brett Keillor Technical Director

Scheduled RC/Diamond Drill Program

• Two diamond tails will drill test the gravity targets EG1 and EG3 with contingency holes for gravity targets EG4 and EG6, scheduled for March 2019

• Rumble has EIS funding up to $100,750 for the drill program.

Target Potential and Style

• Review of historical drilling identified that thirty-five (35) RC and diamond drill holes intercepted zinc mineralisation over an area of 20km by 3.5km within carbonate rocks that are overlain by granular iron formations (Frere Formation). Examples of intersections:

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr Steven Wood Company Secretary

• 11.3m @ 4.34% Zn, 0.85% Pb from 150.2m Includes 2.3m @ 14.42% Zn, 1.15% Pb from 150.2m

• 35m @ 1.3% Zn from 208m. Includes 6m @ 3.16% Zn from 210.5m.

• 20m @ 1.86% Zn, 0.56 % Pb from 103m to EOH. Includes 7m @ 3.6% Zn, 1.25% Pb from 103m.

• High-grade silver mineralisation was also intercepted and includes 4m @ 559 g/t Ag from 257m (18 oz/tonne Ag) 2m @ 149 g/t Ag from 223m

No historic drill-holes have intercepted the six first order gravity targets

• Rumble is targeting Mississippi Valley Type (MVT) high-grade zinc deposits associated with basement faults (high angle breccia fault zones) within flat lying carbonate rocks

• Exploration has shown similarities to the historical Pillara (Blendevale) Zn-Pb deposit located in the Lennard Shelf of WA, with a strike of 2km discovered between 80m to 500m below surface for a resource of 20Mt @ 8.3% Zn, 2.5% Pb, 17ppm Ag[1]

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Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce that gravity inversion modelling over the southeast portion of the Earaheedy Zinc Project (E69/3464 – 75 km²) has delineated six first order gravity drill targets. The gravity targets lie directly over inferred northwest trending basement faults/structures. In addition to the modelling, a detailed review of historic drill hole intercepts has been completed which has significantly enhanced the prospectivity. The area of mineralisation occurs over a strike of 20km and is up to 3.5 km in width.

Rumble’s Managing Director, Mr Shane Sikora, said : “In line with Rumble’s strategy of generating and drill testing a pipeline of exploration projects capable of high-grade world-class discoveries, Rumble is pleased to announce an exciting development at the Earaheedy Zinc Project. As a result of Rumble’s systematic drill targetting process, Rumble has identified six first order gravity drill targets at Earaheedy, with priority targets to be immediately tested with the drill-bit.

The six gravity shells are compelling drill targets that potentially represent large, mineralised zinc ore bodies. This interpretation is based on:

• the widespread Zn and Pb metal distribution surrounding the gravity targets;

• the gravity shells highlighting dense areas which could represent mineralisation accumulation;

• a review showing that no historic drilling intersected the targets;

• the targets are positioned at the same depth of zinc mineralisation identified in historic drilling;

• the targets are located over the main interpreted basement extension fault; and

• • Importantly, modelling determined the dip of gravity targets are in line with the basement fault which could reflect mineralisation intrusion.

These elements combined, and the large size of the gravity targets (up to 1.5km in strike length and up to 300m in width), provide the potential to host Mississippi Valley Type (MVT) type zinc deposits, Rumble looks forward to drill testing these targets and providing shareholders with a near term opportunity for a significant re-rating that would be expected as a result of any exploration success.”

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Figure 1. Project Location and Regional Geology – Earaheedy Project

Project Overview

Rumble has an option agreement with Fossil Prospecting Pty Ltd (a wholly owned subsidiary of ASX Listed Zenith Minerals Ltd – (ASX: ZNC) to acquire a 75% interest in E69/3464. Rumble owns 100% of the contiguous application E69/3543. The Earaheedy Project is located approximately 110km north of Wiluna, Western Australia. Zinc and lead mineralisation with elevated silver is associated with the Navajoh Dolomite Member (also known as the Sweetwaters Well Member) of the Yelma Formation. The Yelma Formation is the lower unit of the 5000m thick Earaheedy Basin (Palaeoproterozoic). Sphalerite, galena, pyrite and marcasite (coarse grain) occurs as stratiform/stratabound ore fill

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veins and breccias, dissolution cavity fill, disseminated, stylolitic and fault fill mineralisation styles (Mississippi Valley Type). Broad spaced drilling (completed in the 1990’s) defined oxidised and primary Zn-Pb mineralisation (zinc dominant) over a strike of 20km. The mineralisation is associated with a flat lying to shallow northeast dipping laterally continuous dolomite to shale horizon. The initial drill spacing was 5 to 10km. The current drill program spacing is approximately 2km by 1km.

Review of the historic drilling has concluded that approximately half the drill holes did not intercept the target horizon .

A total of 64 drill holes were previously completed within the project area (E69/3464), with 35 drill holes intercepting the stratiform zinc horizon (including partial end of hole intercepts). The historic drilling was completed by Renison (RGC) 1991 -1992 and Zenith in 2007 (8 RC holes completed). Rumble is confident that all holes are located accurately and the sampling and assay techniques represent best practice for the period.

Mineralisation has been defined over an area of approximately 20km by up to 3.5km in width and is completely open.

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Figure 2. Project Geology and Significant Drill Hole Intercepts (also see figure 3)

Significant Zn and Pb intercepts include:

• TDH4 – 11.3m @ 4.34% Zn, 0.85% Pb from 150.2m including 2.3m @ 14.42% Zn, 1.15% Pb from 150.2m

• TDH28 – 55m @ 0.87% Zn from 323m including 11m @ 1.2% Zn from 325m and 5m @ 2.32% Zn from 354m

• TDH14 – 31m @ 1% Zn from 222.5m including 10.4m @ 3.28% Zn from 225m

• TRC70 – 5m @ 2.52% Zn from 126m to EOH

• TRC47 – 20m @ 1.86% Zn from 103m to EOH

• TRC49 – 6m @ 1.36% Zn from 112m to EOH

• NRC09 – 4m @ 1.7% Zn from 127m to EOH

• Significant silver (Ag) mineralisation intercepts include:

• TDH16 – 4m @ 559 g/t Ag (18oz/tonne) from 257m and 2m @ 149 g/t Ag from 223m

3

Gravity Survey and Targets (Figures 3, 4 and 5)

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Two surveys covering an area of 24km² were completed on 100m by 100m and 200m by 100m spacings (1080 stations). The surveys targeted the main basement fault zone (interpreted from aero-magnetics) and the stronger base metal drill-hole intercepts from the historic drilling. Gravity inversion modelling has defined six (6) first order targets that occur over the main basement fault structure (Figure 3.). The targets are determined by variations in density contrasts (iso-shells). Targets EG1 to EG6 (see figures 3 & 5) are defined by the 0-200 (0.20 g/cm³) iso-shell.

Of Importance:

• The six gravity targets sit below the overlying Frere Iron Formation and their dip length strongly correlates with width of the carbonate formations that host the historic Zn mineralisation (see figure 4).

• The steep dip of the gravity targets (steep southwest) also reflect the inferred dip of the underlying basement fault.

• The depth of the gravity targets gradually deepen to the southeast in line with the basement fault and dip of the hosting sediments.

• The gravity targets (EG1 to EG6) are interpreted to be associated with high angle fault/fault breccias that extend from the basement and are hosted in the main carbonate units.

• The targets represent bodies defined by density contrasts and these bodies may reflect denser carbonate rich zones or more significantly (based on the widespread Zn and Pb metal distribution), base metal mineralisation (epigenetic replacement).

• The gravity targets (iso-shells) are up to 1.5km in strike length (EG1) and up to 300m in width .

• Review of the historic drilling has indicated no drill hole has intercepted any of the gravity targets .

• Historic drill holes that are close to the gravity targets include TDH19 (approximately 250m into the hanging wall of target EG1 - see figure 4) which returned a wide low-grade intercept of 56m @ 0.46% Zn from 209m.

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Figure 3. Drill Hole Intercepts with Gravity Targets over TMI Aeromagnetic Plan – Southeast Area

4

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Figure 4 - Section AA ( see Figure 3 for location of target ) – Mineralisation Model and Proposed Target

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Figure 5 - 3D Image of Gravity Targets (Isoshells) highlighting historic drill holes not intersecting gravity shells– (See figure 3 for locations)

5

Target Potential and Style

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The target style for the Earaheedy Zn project is considered Mississippi Valley Type (MVT) with economic sphalerite – galena mineralisation hosted in high to moderate angle fault/fault breccia.

Widespread flat lying carbonate replacement by low grade Zn and Pb sulphides has been delineated by historic drilling at Earaheedy. The area of flat lying mineralisation is very significant (20km by 3.5km) indicating extensive metal input and is completely open along strike and down dip. The historic drilling is wide spaced and has not tested the zone within the carbonates overlying the main basement fault.

Previous work by Rumble has highlighted strong metal zonation Zn:Pb ratios paralleling the basement fault (refer to ASX Announcement 12/10/2017 – Option Agreement to acquire Earaheedy Zinc Project). Metal zonation is characteristic of MVT deposits in the Devonian Lennard Shelf of Western Australia and has proven to be a useful vector to aid in delineating high-grade faults mineralisation.

The exploration completed to date at the Earaheedy Project has shown similarities to the historical Pillara (Blendevale) Zn-Pb deposit located in the Lennard Shelf of Western Australia (previously mined by BHP and Billiton from 1987 at Cadjebut, continued by Western Metals until 2003 and Teck/Xstrata between 2006 and 2008). The Pillara deposit occurred over a strike of 2 km and was located 80 to 500m below surface. The geological resource was 20Mt @ 8.3% Zn, 2.5% Pb, 17ppm Ag (based on 3% cutoff)[1] . The deposit produced 10.3Mt @ 6.9% Zn and 2.3% Pb. Of note, the discovery drill-hole ( 8m @ 8.9% Zn, 3.5% Pb below 210m)[1] .

Proposed Diamond Drilling

Rumble has scheduled a drilling program to test the significant first order drill targets in March 2019.

Two diamond tails will drill gravity targets EG1 and EG3 with contingency holes for gravity targets EG4 and EG6. The expectation is for 100m pre-collars with diamond tails up to 300m.

Figure 4 highlights the proposed diamond drill hole into target EG1.

Rumble has received EIS (co-funding) funding approval ($100,750) for this diamond drilling program.

- ENDS –

References:

1. Murphy G C 1990 - Lennard Shelf Lead-Zinc deposits: in Hughes F E (Ed.), 1990 Geology of the Mineral Deposits of Australia & Papua New Guinea The AusIMM, Melbourne Mono 14, v2 pp 1103-1109

About Rumble Resources Ltd

Rumble Resources Ltd is an Australian based exploration company, officially admitted to the ASX on the 1st July 2011. Rumble was established with the aim of adding significant value to its current gold and base metal assets and will continue to look at mineral acquisition opportunities both in Australia and abroad.

Forward Looking and Cautionary Statement

The information in this report that relates to historic exploration results was collected from DMP reports submitted by government agencies and previous explorers. Rumble has not completed the historical data or the verification process. As sufficient work has not yet been done to verify the historical exploration results, investors are cautioned against placing undue reliance on them.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Brett Keillor, who is a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. Mr Keillor is an employee of Rumble Resources Limited. Mr Keillor has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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 Keillor consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

6

Section 1 Sampling Techniques and Data

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Criteria	JORC Code explanation		Commentary
Sampling	 Nature and quality of sampling (e.g. cut channels,
techniques	random chips, or specific specialised industry		Historic Drill Assays
	standard measurement tools appropriate to the		Within Project area E69/3464 a total
	minerals under investigation, such as down hole		of 64 historic holes completed
	gamma sondes, or handheld XRF instruments, etc.).		o 42 RC drill holes
	These examples should not be taken as limiting the		o 22 Diamond tails
	broad meaning of sampling.		Total metres completed – 10,834
	 Include reference to measures taken to ensure		For RC Drilling – composites
	sample representivity and the appropriate calibration		routinely collected.
	of any measurement tools or systems used.		For RC Pre-collar sampling –
	 Aspects of the determination of mineralisation that		composites taken
	are Material to the Public Report.		For Diamond Drilling – 1 and 2 m
	 In cases where ‘industry standard’ work has been		sections cut and assayed. With
	done this would be relatively simple (e.g. ‘reverse		visible mineralisation, assays taken
	circulation drilling was used to obtain 1 m samples		of sulphide limits.
	from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more		Sample duplicates not known.
	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.
Drilling	 Drill type (e.g. core, reverse circulation, open-hole
techniques	hammer, rotary air blast, auger, Bangka, sonic, etc.)		Historic Drilling
	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.)..		Renison (RGC) completed the RC and diamond drilling 1991 – 1992. Zenith completed 8 RC holes in 2007.
			RC – 5.5in hammer
			RC precollar – roller bit and/or RC
			hammer
			Diamond Core – NQ and HQ core
			orientation not known
Drill	 Method of recording and assessing core and chip		Historic Drilling
sample	sample recoveries and results assessed.		Recovery methods not known.
recovery	 Measures taken to maximise sample recovery and
	ensure representative nature of the samples.
	 Whether a relationship exists between sample
	recovery and grade and whether sample bias may
	have occurred due to preferential loss/gain of
	fine/coarse material.
Logging	 Whether core and chip samples have been		Historic Drilling
	geologically and geotechnically logged to a level of		Standard geological logging of RC
	detail to support appropriate Mineral Resource		and diamond drilling. Considered
	estimation, mining studies and metallurgical studies.		exploration style. No resource
	 Whether logging is qualitative or quantitative in		definition completed
	nature. Core (or costean, channel, etc.)
	photography.
	 The total length and percentage of the relevant
	intersections logged.
Sub-	 If core, whether cut or sawn and whether quarter,		Historic Drilling
sampling	half or all core taken.		Sub sampling techniques unknown
techniques	 If non-core, whether riffled, tube sampled, rotary		Quality control procedures not
and sample	split, etc. and whether sampled wet or dry.		known
preparation	 For all sample types, the nature, quality and

7

Criteria		JORC Code explanation		Commentary
		appropriateness of the sample preparation
		technique.
		 Quality control procedures adopted for all sub-
		sampling stages to maximise representivity of
		samples.
		 Measures taken to ensure that the sampling is
		representative of the in situ material collected,
		including for instance results for field
		duplicate/second-half sampling.
		 Whether sample sizes are appropriate to the grain
		size of the material being sampled.
Quality	of	 The nature, quality and appropriateness of the		Historic Drilling
assay data		assaying and laboratory procedures used and		RC and RC pre-collars and diamond
and		whether the technique is considered partial or total.		tails report the following elements
laboratory		 For geophysical tools, spectrometers, handheld XRF		assayed.
tests		instruments, etc., the parameters used in		o Ag, As, Ba, Cu, Mn, Pb,		Zn,
		determining the analysis including instrument make		S, Ca, Fe
		and model, reading times, calibrations factors		o ALS laboratories	used
		applied and their derivation, etc.		techniques IC587		and
		 Nature of quality control procedures adopted (e.g.		PM219
		standards, blanks, duplicates, external laboratory		The use of standards, blanks		and
		checks) and whether acceptable levels of accuracy		duplicates not known
		(i.e. lack of bias) and precision have been
		established.
Verification		 The verification of significant intersections by either
of		independent or alternative company personnel.		Historic Drilling
sampling		 The use of twinned holes.		Significant intercepts reported	by
and		 Documentation of primary data, data entry		previous explorers.
assaying		procedures, data verification, data storage (physical		Review of drilling assay data by
		and electronic) protocols.		Rumble utilised weighted average
		 Discuss any adjustment to assay data.		techniques if applicable.
Location	of	 Accuracy and quality of surveys used to locate drill		Historic Drilling
data points		holes (collar and down-hole surveys), trenches, mine		Historic drilling collar cords
		workings and other locations used in Mineral		converted to GDA94
		Resource estimation.		o Detailed elevation terrain
		 Specification of the grid system used.		model correlates with WA
		 Quality and adequacy of topographic control.		Gov RGB topographic
				images. i.e. historic drill
				holes located on imagery
				match the GDA94 datum
Data		 Data spacing for reporting of Exploration Results.
spacing and distribution		 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.	 	Historic Drilling Drill hole spacing was exploration based and over a large area (2km by 1km grid)
		 Whether sample compositing has been applied.
Orientation		 Whether the orientation of sampling achieves		Historic Drilling
of data	in	unbiased sampling of possible structures and the		o GSWA mapping		and
relation	to	extent to which this is known, considering the		geological interpretation of
		deposit type.		flat lyingsediments indicate

8

Criteria			JORC Code explanation		Commentary
geological			If the relationship between the drilling orientation and		drilling is normal to flat lying
structure			the orientation of key mineralised structures is		mineralisation – true width
			considered to have introduced a sampling bias, this	.
			should be assessed and reported if material.
Sample			The measures taken to ensure sample security.		Not known
security
Audits	or		The results of any audits or reviews of sampling		Not known
reviews			techniques and data.

9

Section 2 Reporting of Exploration Results

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Criteria		JORC Code explanation	JORC Code explanation	Commentary	Commentary	Commentary
Mineral			Type, reference name/number, location and			The project comprises of a granted
tenement and land tenure status			ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title			exploration licence – E69/3464 and a pending exploration licence – ELA69/3543
			interests, historical sites, wilderness or national			E69/3464 is currently owned by Fossil
			park and environmental settings.			Prospecting Pty Ltd. Rumble
			The security of the tenure held at the time of reporting along with any known impediments to			Resources has an option agreement to acquire 75% of the licence over 2
			obtaining a licence to operate in the area.			years.
						E69/3464 is granted, in a state of good
						standing and has no known
						impediments to operate in the area.
						ELA69/3543 is pending and is owned
						by Rumble Resources 100%.
Exploration			Acknowledgment and appraisal of exploration by			Historical drill hole information for this
done by other parties			other parties.			report was obtained from Zenith Minerals Ltd (holding company of Fossil Prospecting Ltd) and Zinc
						Company Aust.
						o Details of the information
						within this report are
						documented in the
						announcement released
						12/10/2017 – Option
						Agreement to Acquire
						Earaheedy Zinc Project.
Geology			Deposit type, geological setting and style of			Deposit type is MVT (Mississippi
			mineralisation.			Valley Type). The geological setting is
						carbonate hosted. The style is
						stratiform replacement and fault
						breccia massive sulphides.
Drill	hole		A summary of all information material to the			The updated historic drill hole location
Information			understanding of the exploration results including a tabulation of the following information for all			and intercept table is attached as Table 1.
			Material drill holes:
			o easting and northing of the drill hole collar
			o elevation or RL (Reduced Level – elevation
			above sea level in metres) of the drill hole
			collar
			o dip and azimuth of the hole
			o down hole length and interception depth
			o hole length.
			If the exclusion of this information is justified on
			the basis that the information is not Material and
			this exclusion does not detract from the
			understanding of the report, the Competent
			Person should clearly explain why this is the case.
Data			In reporting Exploration Results, weighting		A cut off of 0.15% Zn has been used to
aggregation			averaging techniques, maximum and/or minimum		highlight mineralised trends.
methods			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
			lowgrade results, theprocedure used for such

10

Criteria		JORC Code explanation	Commentary
		aggregation should be stated and some typical
		examples of such aggregations should be shown
		in detail.
		 The assumptions used for any reporting of metal
		equivalent values should be clearly stated.
Relationship		 These relationships are particularly important in		Review of the geology and drill hole
between mineralisation		the reporting of Exploration Results.  If the geometry of the mineralisation with respect		intercepts indicate the reported intercepts are true width.
widths	and	to the drill hole angle is known, its nature should
intercept		be reported.
lengths		 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’).
Diagrams		 Appropriate maps and sections (with scales) and		Figure - 1 Project Location and
		tabulations of intercepts should be included for any significant discovery being reported These		Regional Geology – Earaheedy Project.
		should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional		Figure 2 – Project Geology and Significant Drill Hole Intercepts (also
		views.		see figure 3.)
				Figure 3 – Drill Hole Intercepts with
				Gravity Targets over TMI
				Aeromagnetic Plan – Southeast Area.
				Figure 4 – Section AA (see figure3)
				Mineralisation Model and Proposed
				Target.
				Figure 5. – 3D Image of Gravity
				Targets (Isoshells)
Balanced		 Where comprehensive reporting of all Exploration
reporting		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.
Other		 Other exploration data, if meaningful and material,		Two surveys completed by Haines
substantive exploration data		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		Geophysics in December 2017 and September 2018. The final survey grid spacing is 100m by 100m and 200m by 100m comprising of 1080 stations.
		results; bulk density, groundwater, geotechnical		The gravity survey has been tied in to
		and rock characteristics; potential deleterious or		the regional gravity grid.
		contaminating substances.		Terrain corrections have been
				completed to optimize accuracy of
				results.
				Gravity Inversion modelling was
				completed by Armada Exploration
				Services.
Further work		 The nature and scale of planned further work (e.g.		Diamond Drilling (pre-collars with
		tests for lateral extensions or depth extensions or		tails) is planned to test at least two
		large-scale step-out drilling).		of the gravity targets with
		 Diagrams clearly highlighting the areas of possible		contingency for a further two holes.
		extensions, including the main geological		It is estimated each hole depth will
		interpretations and future drilling areas, provided		be 400-450m.
		this information is not commercially sensitive.

11

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Table 1.

Historic Drill Hole Location and Intercept

Hole_ID	E	N	Elev	Depth	Azi	Dip	Intercept - 0.15% Zn cutoff	From(m)	Intercept Ag
NRC08	261792	7160924	554	149	0	-90	15m@0.44% Zn,0.1% Pb EOH	136
NRC09	264603	7158837	554	131	0	-90	4m@ 1.7% Zn, 0.55% Pb EOH	127
NRC12	252040	7166824	564	154	180	-70	4m@0.17% Zn,0.13% Pb EOH	154
TDH1	265572	7157319	556	451	333	-70	14m@0.61% Zn,0.1% Pb	118
TDH13	266156	7158330	609	282.5	220	-71	2m@0.75% Zn	215
TDH14	253023	7167000	571	396	238.1	-70	9m@ 3.54% Zn, 0.58% Pb	222.5
TDH15	252592	7167761	610	349	258.1	-70	10m@0.41% Zn,0.11% Pb	210
							15m@0.44% Zn,0.1% Pb	225
							25m@0.45% Zn,0.91% Pb	248
TDH16	251340	7167369	580	286	178.1	-70	12m@0.17% Zn,0.33% Pb	189	2m@ 149g/t Ag from 223m
							10m@0.38% Zn,0.1% Pb	215	4m@ 559g/t Ag from 257m
TDH17	260117	7162098	547	157.1	218.1	-75	2m@1.71% Zn,0.1% Pb	134
TDH18	263258	7160459	548	224.9	148.1	-70	10m@0.32% Zn,	109.4
TDH19	262239	7161187	585	280	218.1	-70	5m@0.83% Zn,0.16% Pb	209
							22m@0.63% Zn,	217
							10m@0.47% Zn	255
TDH20	265753	7158991	565	259	148.1	-70	6m@ 3.9% Zn, 1.02% Pb	216.5
							16m@ 1% Zn, 0.12% Pb	225
TDH23	251290	7169546	585	355	210.1	-70	20m@0.77% Zn,0.12% Pb	232
TDH24	251797	7168688	590	308.7	198.1	-75	35m@0.46% Zn,0.1% Pb	184
TDH27	266441	7159893	590	367	218.1	-70	12m@0.28% Zn,	305
TDH28	264336	7161411	568	394	208.1	-70	12m@ 1.16% Zn, 0.1% Pb	324
							38m@ 0.86% Zn, 0.1% Pb	340
TDH29	261487	7162612	573	370	218.1	-70	22m@0.51% Zn,	304
TDH3	265457	7157450	555	188.5	327.5	-60	3m@ 2.62% Zn, 0.31% Pb	149
TDH30	251626	7168949	590	319	298.1	-70	6m@0.73% Zn	218
TDH4	265117	7158305	554	192.5	332	-69	7.3m@ 6.12% Zn, 0 77% Pb	150.2
TRC26	265287	7157396	551	129	0	-90	15m@0.44% Zn,	114
TRC46	263590	7158471	540	95	0	-90	4m@0.26% Zn,0.13% Pb	66
TRC47	262401	7159956	539	123	360	-90	11m@ 2.66% Zn, 0.84% Pb	103
TRC48	260457	7161380	543	97	360	-90	27m@0.56% Zn,0.19% Pb EOH	70
TRC49	261514	7160787	547	118	360	-90	12m@0.71% Zn,0.11% Pb EOH	106
TRC62	255049	7165226	535	90	360	-90	24m@0.21% Zn,0.15% Pb	56
TRC63	254388	7165803	544	107	360	-90	47m@0.2% Zn,0.31% Pb	62
TRC65	253502	7165671	542	86	360	-90	26m@0.52% Zn,0.9% Pb	50
TRC70	253608	7165973	549	131	360	-90	5m@ 2.52% Zn, 1.02% Pb EOH	126
TRC79	253980	7165598	543	103	360	-90	53m@0.36% Zn,0.32% Pb EOH	50
TRC80	263523	7158912	541	89	0	-90	13m@0.66% Zn,0.28% Pb	72
TRC81	264386	7158100	544	71	0	-90	4m@0.55% Zn,0.21% Pb	62
TRC83	263452	7159583	544	154	0	-90	22m@0.53% Zn,0.11% Pb	120
ZTRC003	265124	7158175	555	156	1	-78	8m@0.84% Zn,0.68% Pb EOH	148
TDH25	254371	7167755	568	394	198.1	-70	6m@0.29% Zn,	277
	Datum	GDA94 Z51

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