RUMBLE RESOURCES LIMITED — Capital/Financing Update 2019

Feb 4, 2019

5 th February 2019

First Order Drill Targets Defined at Earaheedy Zinc Project

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's - Target Potential and Style

• Review by Rumble 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:

• 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 Rumble's 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

• Rumble's target size is 10-20Mt, similar to the 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.

Rumble has scheduled drilling to commence in March 2019.

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

Corporate Details

ASX: ZNC

Issued Shares (ZNC)	212.8M
Unlisted options	4.15M
Mkt. Cap. ($0.06)	A$13M
st Dec 18)Cash (31	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%

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

th February 2019 First Order Drill Targets Defined At Earaheedy Zinc Project

Highlights

5

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.
  • o 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.
  • o The gravity targets dip steeply to the southwest in line with the basement fault zone.
  • o The gravity targets (iso-shells) are large, up to 1.5km in strike length (EG1) and up to 300m in width
  • o All six gravity targets are located within the flat lying carbonate unit that hosts the known zinc-lead horizon (from historic drilling)
  • o Significantly, no historic drill-holes previously intercepted the six first order gravity targets to be drill tested by Rumble

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:
  • o 11.3m @ 4.34% Zn, 0.85% Pb from 150.2m Includes 2.3m @ 14.42% Zn, 1.15% Pb from 150.2m
  • o 35m @ 1.3% Zn from 208m. Includes 6m @ 3.16% Zn from 210.5m.
  • o 20m @ 1.86% Zn, 0.56 % Pb from 103m to EOH.
    • Includes 7m @ 3.6% Zn, 1.25% Pb from 103m.
  • o 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
• The target size is 10-20Mt, similar to the 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

Rumble Resources Ltd

Suite 9, 36 Ord Street, West Perth, WA 6005

T +61 8 6555 3980

F +61 8 6555 3981

rumbleresources.com.au

ASX RTR

Executives & Management

Mr Shane Sikora Managing Director

Mr Brett Keillor Technical Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr Steven Wood Company Secretary

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 a target of 10-20mt Mississippi Valley Type (MVT) type high-grade 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."

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 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).

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

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

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

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.

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

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

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

Target Potential and Style

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 target size is considered to be 10-20Mt, similar to the Pillara (Blendevale) Zn-Pb deposit located in the Lennard Shelf of Western Australia. 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. 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).

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.

About Rumble Resources Ltd

• ENDS -

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.

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Samplingtechniques	•Nature and quality of sampling (e.g. cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to theminerals under investigation, such as down holegamma sondes, or handheld XRF instruments, etc.).These examples should not be taken as limiting thebroad meaning of sampling.•Include reference to measures taken to ensuresample representivity and the appropriate calibrationof any measurement tools or systems used.•Aspects of the determination of mineralisation that areMaterial to the Public Report.•In cases where 'industry standard' work has beendone this would be relatively simple (e.g. 'reversecirculation drilling was used to obtain 1 m samplesfrom which 3 kg was pulverised to produce a 30 gcharge for fire assay'). In other cases moreexplanation may be required, such as where there iscoarse gold that has inherent sampling problems.Unusual commodities or mineralisation types (e.g.submarine nodules) may warrant disclosure ofdetailed information.	•Not applicable -no new samplingcompleted
Drillingtechniques	•Drill type (e.g. core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc.)and details (e.g. core diameter, triple or standardtube, depth of diamond tails, face-sampling bit orother type, whether core is oriented and if so, by whatmethod, etc.)	•Not applicable - no drillingcompleted.
Drill samplerecovery	•Method of recording and assessing core and chipsample recoveries and results assessed.•Measures taken to maximise sample recovery andensure representative nature of the samples.•Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	•Not applicable - no drillingcompleted.
Logging	•Whether core and chip samples have beengeologically and geotechnically logged to a level ofdetail to support appropriate Mineral Resourceestimation, mining studies and metallurgical studies.•Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc.) photography.•The total length and percentage of the relevantintersections logged.	•Not applicable - no drillingcompleted.
Subsamplingtechniquesand samplepreparation	•If core, whether cut or sawn and whether quarter, halfor all core taken.•If non-core, whether riffled, tube sampled, rotary split,etc. and whether sampled wet or dry.•For all sample types, the nature, quality andappropriateness of the sample preparation technique.•Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.•Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for fieldduplicate/second-half sampling.•Whether sample sizes are appropriate to the grain	•Not applicable - no drillingcompleted.

		Commentary

Criteria	JORC Code explanation	Commentary
	size of the material being sampled.
Qualityofassaydataandlaboratorytests	•The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial or total.•For geophysical tools, spectrometers, handheld XRFinstruments, etc., the parameters used in determiningthe analysis including instrument make and model,reading times, calibrations factors applied and theirderivation, etc.•Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy(i.e. lack of bias) and precision have beenestablished.	•Not applicable -no new samplingcompleted.
Verificationof samplingandassaying	•The verification of significant intersections by eitherindependent or alternative company personnel.•The use of twinned holes.•Documentation of primary data, data entryprocedures, data verification, data storage (physicaland electronic) protocols.•Discuss any adjustment to assay data.	•Not applicable - no drillingcompleted.
Locationofdata points	•Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches, mineworkings and other locations used in MineralResource estimation.•Specification of the grid system used.•Quality and adequacy of topographic control.	•Not applicable - no drillingcompleted.
Dataspacing anddistribution	•Data spacing for reporting of Exploration Results.•Whether the data spacing and distribution is sufficientto establish the degree of geological and gradecontinuity appropriate for the Mineral Resource andOre Reserve estimation procedure(s) andclassifications applied.•Whether sample compositing has been applied.	•Not applicable as no drillingcompleted.
Orientationofdatainrelationtogeologicalstructure	•Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering the deposittype.•If the relationship between the drilling orientation andthe orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	•Not applicable -no new samplingcompleted.
Samplesecurity	•The measures taken to ensure sample security.	•Not applicable -no new samplingcompleted.
Auditsorreviews	•The results of any audits or reviews of samplingtechniques and data.	•Not applicable -no new samplingcompleted.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineraltenementandlandtenurestatus	•Type, reference name/number, location andownership including agreements or material issueswith third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.•The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area.	•The project comprises of a grantedexploration licence – E69/3464 and apending exploration licence –ELA69/3543•E69/3464 is currently owned by FossilProspecting Pty Ltd. Rumble Resourceshas an option agreement to acquire75% of the licence over 2 years.•E69/3464 is granted, in a state of goodstanding and has no knownimpediments to operate in the area.•ELA69/3543 is pending and is ownedby Rumble Resources 100%.
Explorationdone by otherparties	•Acknowledgment and appraisal of exploration byother parties.	•Historical drill hole information for thisreport was obtained from ZenithMinerals Ltd (holding company of FossilProspecting Ltd) and Zinc CompanyAust.oDetails of the informationwithin this report aredocumented in theannouncement released12/10/2017 – OptionAgreement to AcquireEaraheedy Zinc Project.
Geology	•Deposit type, geological setting and style ofmineralisation.	•Deposit type is MVT (Mississippi ValleyType). The geological setting iscarbonate hosted. The style is stratiformreplacement and fault breccia massivesulphides.
DrillholeInformation	•A summary of all information material to theunderstanding of the exploration results including atabulation of the following information for allMaterial drill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level – elevationabove sea level in metres) of the drill hole collarodip and azimuth of the holeodown hole length and interception depthohole length.•If the exclusion of this information is justified on thebasis that the information is not Material and thisexclusion does not detract from the understandingof the report, the Competent Person should clearlyexplain why this is the case.	•The updated historic drill hole locationand intercept table is attached as Table1.
Dataaggregationmethods	•In reporting Exploration Results, weightingaveraging techniques, maximum and/or minimumgrade truncations (e.g. cutting of high grades) andcut-off grades are usually Material and should bestated.•Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typical	•A cut off of 0.15% Zn has been used tohighlight mineralised trends.

Criteria	JORC Code explanation	Commentary
Relationshipbetweenmineralisationwidthsandinterceptlengths	examples of such aggregations should be shown indetail.•The assumptions used for any reporting of metalequivalent values should be clearly stated.•These relationships are particularly important in thereporting of Exploration Results.•If the geometry of the mineralisation with respect tothe drill hole angle is known, its nature should bereported.•If it is not known and only the down hole lengths arereported, there should be a clear statement to thiseffect (e.g. 'down hole length, true width notknown').	•Review of the geology and drill holeintercepts indicate the reportedintercepts are true width.
Diagrams	•Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported These shouldinclude, but not be limited to a plan view of drill holecollar locations and appropriate sectional views.	•Figure - 1 Project Location andRegional Geology – Earaheedy Project.•Figure 2 – Project Geology andSignificant Drill Hole Intercepts (alsosee figure 3.)•Figure 3 – Drill Hole Intercepts withGravity Targets over TMI AeromagneticPlan – Southeast Area.•Figure 4 – Section AA (see figure3)Mineralisation Model and ProposedTarget.•Figure 5. – 3D Image of Gravity Targets(Isoshells)
Balancedreporting	•Where comprehensive reporting of all ExplorationResults is not practicable, representative reportingof both low and high grades and/or widths shouldbe practiced to avoid misleading reporting ofExploration Results.
Othersubstantiveexplorationdata	•Other exploration data, if meaningful and material,should be reported including (but not limited to):geological observations; geophysical surveyresults; geochemical survey results; bulk samples –size and method of treatment; metallurgical testresults; bulk density, groundwater, geotechnicaland rock characteristics; potential deleterious orcontaminating substances.	•Two surveys completed by HainesGeophysics in December 2017 andSeptember 2018. The final survey gridspacing is 100m by 100m and 200m by100m comprising of 1080 stations.•The gravity survey has been tied in tothe regional gravity grid.•Terrain corrections have beencompleted to optimize accuracy ofresults.•Gravity Inversion modelling wascompleted by Armada ExplorationServices.
Further work	•The nature and scale of planned further work (e.g.tests for lateral extensions or depth extensions orlarge-scale step-out drilling).•Diagrams clearly highlighting the areas of possibleextensions, including the main geologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive.	•Diamond Drilling (pre-collars withtails) is planned to test at least twoof the gravity targets withcontingency for a further two holes.It is estimated each hole depth willbe 400-450m.

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 @ 149 g/t Ag from 223m
							10m @ 0.38% Zn, 0.1% Pb	215	4m @ 559 g/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