SABRE RESOURCES LIMITED — Capital/Financing Update 2022

Apr 10, 2022

ASX ANNOUNCEMENT ASX code: SBR 11 April 2022

DRILLING OF HIGH-GRADE NICKEL SULPHIDE TARGETS SET TO COMMENCE AT SHERLOCK BAY

- Major Conductor Targets Confirmed by Electromagnetic Anomaly Modelling

• ➢ Modelling of electromagnetic (EM) survey data has confirmed a major, 1.4km strike length, conductor extending west and open at depth below the Sherlock Bay nickel sulphide resource in WA's highly-prospective west Pilbara region.
• ➢ The presence of this major EM conductor supports the Company's new model0 at Sherlock Bay for massive sulphides to be located at the projected intersection of the mineralised horizon with the base of the Sherlock gabbro/ultramafic intrusion.
• ➢ Massive sulphides occur in this position at analogous deposits such as the Nova-Bollinger intrusive related nickel sulphide deposit in WA (owned and operated by IGO Limited).
• ➢ A four-hole diamond drilling program for up to 2,400m is set to commence to test these high-grade nickel sulphide targets, with the objective of increasing the grade of the resource and further enhancing the economic viability of the Sherlock Bay Nickel Project.

Sabre Resources Ltd ("Sabre" or "the Company") is pleased to announce that modelling of previous electromagnetic anomalies has highlighted a major conductor extending west and to depth below the Sherlock Bay nickel sulphide resources at the Company's 70% owned Sherlock Bay Nickel-Copper-Cobalt Project ("Sherlock Bay", or "Project") located in the west Pilbara of WA (Figure 3).

Previous Moving Loop Electromagnetic (MLEM) surveys were carried out by Outokumpu in 1998 at Sherlock Bay. Newexco Exploration, specialist geophysical group, have re-modelled the MLEM data and identified a 1.4km strike-length conductor that extends beyond the currently drilled resource and is open to the west and down dip/plunge in the direction of increasing grade (see Discovery cross section, Figure 1). Newexco also concluded that the mineralisation has rolled over from steeply north dipping to possibly south dipping further west, which would indicate the mineralisation will intersect with the base of the Sherlock Intrusive at a shallower point than previously interpreted, being immediately down-plunge of the Discovery Resource (see longitudinal projection, Figure 2).

Under the new target model for the Sherlock Bay nickel sulphide deposits0 massive sulphides are targeted where the mineralised horizon projects to intersect the footwall of the Sherlock Intrusive, potentially representing the "neck" or "throat" of the intrusive (See cross section Figure 3). Massive sulphides occur in this position at analogous deposits such as the Nova-Bollinger intrusive related nickel sulphide deposit in WA (owned and operated by IGO Ltd, ASX:IGO).

Four diamond drillholes totalling up to 2,400m will test this targeted intersection point, down plunge of both the Discovery and Symonds resources.

The key objective of this diamond drilling will be to identify potential to increase high-grade nickel sulphide resources and enhance the economic viability of the Sherlock Bay Nickel-Copper-Cobalt (sulphide) Project.

A diamond drilling contractor is available to carry out this program and the Program of Work (PoW) for the drilling has been lodged with the WA Department of Mines (DMIRS). It is expected to be approved shortly to allow commencement of drilling during the second Quarter (Q2).

Figure 1 - Sherlock Bay nickel deposit, cross section 19,600mE with Target Zone.

Figure 2 – Sherlock Bay Longitudinal Projection showing Ni% x m contours and drilling targets

About Sherlock Bay Nickel Sulphide Deposit:

Sabre holds a 70% interest in the Sherlock Bay Nickel-Copper-Cobalt Project - a significant nickel sulphide resource located on granted mining lease, M47/567, 40km east of Roebourne in the highly prospective Pilbara Region of Western Australia (see Figure 3). The Project is well-located 12 km off the Northwest Coastal Highway, 40km east of Roebourne in the Pilbara Region of Western Australia.

The Sherlock Bay Nickel Project includes two nickel sulphide deposits, Discovery and Symonds, that have a current JORC 2012 nickel sulphide Mineral Resource of 24.6Mt @ 0.40% Ni, 0.09% Cu, 0.02% Co, containing 99,200t Ni, 21,700 tonnes Cu and 5,400 tonnes Co (including a Measured & Indicated 18.5Mt @ 0.45% Ni, 0.10% Cu, 0.02% Co and Inferred 6.1Mt @ 0.27% Ni, 0.06% Cu, 0.01% Co)3 .

The Company recently completed an extensive Scoping Study on the on development of the Sherlock Bay Nickel Project1 that indicated positive cashflow potential at the prevailing nickel pricing of US$10/lb/US$22,040/t. The nickel price is now >US$15/lb/US$33,000/t (Kitcometals, 8/4/223 ) which, if sustained, will trigger a review of the scoping study cash-flow model and commencement of a Pre-Feasibility Study (PFS).

The Company confirms that it is not aware of any other new information or data that materially affects the information included in the Sherlock Bay Nickel Project Scoping Study release of 27th January 2022.

Figure 3: Sherlock Bay Nickel-Copper-Cobalt (sulphide) Project, regional geology and location plan

The average grade of the Sherlock Bay resource is ~0.4% nickel with copper and cobalt credits. However, there is evidence that the two deposits comprising the resource increase in nickel sulphide grade at depth (see longitudinal projection, Figure 2).

Two key target zones have been identified with potential for higher-grade to massive sulphides:

i) Deeper extensions of the Symonds nickel sulphide deposit, where higher-grade intersections at depth including**: SBD065 - 43m @ 0.54% Ni from 508m incl. 17m @ 0.71% Ni and 3m @ 1.10% Ni1 ,** indicate improving nickel grade with depth within a steep westerly plunging zone that remains open down plunge (see longitudinal projection, Figure 2 and cross section 20,760mE, Figure 4 below).

The Symonds deposit also changes dip from steep northerly to a southerly dip with depth (see Figure 4) – projecting towards the contact with the Sherlock Intrusive.

Two diamond drillholes have been planned, including a ~550m deep diamond drillhole hole from south to north to test the Sherlock Intrusive and continue to test the sulphide mineralised horizon, and a deeper ~750m drillhole from north to south to test extensions of the mineralised horizon and continue to the Sherlock Intrusive footwall contact (Figure 4).

Figure 4: Symonds Nickel Deposit, Cross Section 20,760mE showing high-grade nickel sulphide target

ii) Down plunge extensions of the Discovery nickel sulphide deposit, where higher-grade intersections including**: SBD077 - 50m @ 0.42% Ni from 227m incl. 22m @ 0.57% Ni & 4m @ 1.02% Ni1** indicate improving nickel grade down-plunge at relatively shallow depth to the southwest that remains open down plunge (see longitudinal projection, Figure 2 and cross section 19,600mE, Figure 1).

Two diamond drillholes have been planned to test the down-plunge extensions of the Discovery deposit (See Figure 1, cross section 19,600mE).

Previous (Outokumpu, 1998) Moving Loop Electromagnetic (MLEM) anomalies at Sherlock Bay deposit have now been re-modelled, indicating potential for massive sulphide deposits to the west/down plunge of the Discovery deposit.

The currently scheduled drilling program will be coupled with down hole EM (DHEM) surveying to detect massive sulphides associated with either in-hole or off hole conductors (as applied very successfully at the Andover nickel sulphide deposit of Azure minerals (ASX:AZS), 50km to the west of Sherlock Bay 3 – see Figure 3).

The Company has applied for co-funding through the Exploration Incentive Scheme (EIS) of the Western Australian government. The EIS Co-funded Exploration Drilling Program offers up to a 50% refund for innovative exploration drilling projects such as this one – which will test the concept that massive nickel sulphide deposits are associated with the intersection of the Sherlock Bay mineralised horizon and the "neck" of the sulphur-saturated Sherlock Intrusive.

The key objective of the up to 2,400m initial diamond drilling program will be to identify potential increases to the high-grade resources and enhance the economic viability of the Sherlock Bay Nickel Project.

About Sabre Resources:

Sabre Resources Ltd is an ASX-listed company (ASX:SBR) focused on the exploration and development of key nickel sulphide and gold assets in Western Australia.

Nickel Sulphide Projects, Western Australia:

Sabre holds a 70% interest in the Sherlock Bay Nickel-Copper-Cobalt Project ("Sherlock Bay", or "the Project") - a significant nickel sulphide resource located on granted mining lease, M47/567, 40km east of Roebourne in the highly prospective Pilbara Region of Western Australia (Figure 3).

The Project is well-located 12 km off the Northwest Coastal Highway, 40km east of Roebourne in the Pilbara Region of Western Australia. The Project includes a JORC 2012 Mineral Resource of 24.6Mt grading 0.41% nickel, 0.09% copper and 0.02% cobalt3 . The Company recently completed an extensive Scoping Study on the Project1 that highlighted the cashflow potential of the project at current and projected nickel prices and upside potential for higher-grade nickel sulphides at depth, that the Company is looking to test with deeper drilling planned.

The Company is focussed on building its nickel sulphide exploration portfolio and, to that end, recently announced a binding agreement to earn an 80% interest in the Sherlock Pool tenement, E47/4345, covering immediate strike extensions to the northeast and southwest of the Sherlock Bay nickel sulphide deposit5 . Exploration will commence shortly, targeting previously generated VTEM anomalies that may represent massive nickel sulphide potential.

Sabre has also entered into an agreement to earn 80% of the Nepean South E15/17025 , that covers a 12km corridor of ultramafic rocks south of the Nepean nickel sulphide mine, including previous nickelcopper RAB intersections.

Sabre has also acquired 80% of Chalco Resources Pty Ltd ("Chalco")5 , that has three exploration licences (applications) at Cave Hill, over a >50km strike length of interpreted extensions of the Nepean and Queen Victoria Rocks nickel sulphide belts.

Youanmi Terrane Gold Projects, Western Australia

The Company has also added to its portfolio of gold exploration projects in the highly prospective Youanmi Terrane of Western Australia, with the acquisition of the Ninghan Gold Project6 , E59/2402, located in the southern Murchison District. Mt Gibson Gold Mine is located less than 20km along strike to the south of the Project and has a 3.0Moz pre-mining gold endowment. Previous RAB and aircore drilling has defined two strongly anomalous zones of gold-arsenic mineralisation that will be followed up with additional aircore and deeper RC drilling.

Sabre also holds a 100% interest in the Bonanza and Beacon exploration licences, in the Youanmi Gold Mining District, close to gold projects held by Rox Resources Limited (ASX: RXL) and Venus Metals Corporation Limited (ASX: VMC) where they have reported significant exploration drilling success.

Other Projects:

The Chalco acquisition5 also includes two uranium exploration licence applications in the Northern Territory, near existing uranium resources, and granted EL32693 at the junction of the Tennant East Copper-Gold Belt and the Lawn Hill Platform/Mt Isa Province in the Northern Territory.

References

0 Sabre Resources Ltd announcement, 10th March 2022. Sabre to Drill High-Grade Nickel Targets at Sherlock Bay.

1Sabre Resources Ltd announcement, 27th January 2022. Sherlock Bay Ni Scoping Study Delivers Positive Cashflow. 2 Sabre Resources Ltd announcement, 12th June 2018. Resource Estimate Update for the Sherlock Bay Nickel-

Copper- Cobalt Deposit.

3www.kitcometals.com/charts/nickel_historical.html

4Azure Minerals Ltd announcement, 2nd August 2021. High-Grade Hits Continue at Andover.

5 Sabre Resources Ltd announcement, 13th December 2021. Agreements to Acquire Three Nickel Sulphide Projects

6 Sabre Resources Ltd announcement, 24th September 2021. Sabre to Complete Acquisition of Ninghan Gold Project.

This announcement has been authorised for release by the Board of Directors.

***ENDS***

For further information, please refer to the Company's website or contact:

Jon Dugdale	Michael Muhling
Chief Executive Officer	Company Secretary
Sabre Resources Limited	Sabre Resources Limited
+61 (08) 9481 7833	+61 (08) 9481 7833

Cautionary Statement regarding Forward-Looking information

This document contains forward-looking statements concerning Sabre Resources Ltd. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes.

Forward looking statements in this document are based on the company's beliefs, opinions and estimates of Sabre Resources Ltd as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.

Competent Person Statements

The information in this report that relates to exploration results, metallurgy and mining reports and Mineral Resource Estimates has been reviewed, compiled and fairly represented by Mr Jonathon Dugdale. Mr Dugdale is the Chief Executive Officer of Sabre Resources Ltd and a Fellow of the Australian Institute of Mining and Metallurgy ('FAusIMM'). Mr Dugdale has sufficient experience, including over 34 years' experience in exploration, resource evaluation, mine geology, development studies and finance, relevant to the style of mineralisation and type of deposits under consideration to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee ('JORC') Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Dugdale consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

Regarding the Mineral Resource Estimate for the Sherlock Bay Nickel Deposit, released 12 June 2018. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

JORC Table 1 - Section 1 Sampling Techniques and Data

Criteria	JORC Code Explanation	Commentary
Sampling	•Nature and quality of sampling (e.g.cut	•RC drilling was conducted using a 5 ¼" face
techniques	channels, random chips, or specific specialised	sampling bit on a nominal 20m by 60 m spacing.
	industrystandardmeasurementtools	•RC samples were collected in large plastic bags
	appropriatetothemineralsunder	from riffle splitter and a 2-5 kg representative
	investigation, such as down hole gammasondes, or handheld XRF instruments, etc).	sample taken for analysis.•Diamond drilling was sampled to geological
	These examples should not be taken as limiting	contacts then at 1 m or 1.52 m intervals with
	the broad meaning of sampling.	quarter core samples taken for analysis.
	•Include reference to measures taken to ensure	•Collar surveys were carried using total station
	sample representivity and the appropriate	electronic equipment.
	calibration of any measurement tools orsystems used.	•Down hole surveys for each hole were completed
	•Aspects of the determination of mineralisation	using single shot cameras.•Sampling was limited to the visually mineralised
	that are Material to the Public Report. In cases	zones with additional sampling of several metres
	where 'industry standard' work has been done	either side of the mineralisation.
	this would be relatively simple (e.g. 'reverse
	circulation drilling was used to obtain 1 m
	samples from which 3 kg was pulverised toproduce 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)
	maywarrantdisclosureofdetailedinformation.
Drilling	•Drill type (e.g. core, reverse circulation, open	•The majority of RC drilling was completed in 2004
techniques	hole hammer, rotary air blast, auger, Bangka,	and 2005 by Sherlock Bay Nickel Corporation
	sonic, etc) and details (e.g. core diameter,	(SBNC) using face sampling equipment.
	triple or standard tube, depth of diamond tails,	•Core drilling included historic holes completed in
	face-sampling bit or other type, whether coreis oriented and if so, by what method, etc).	the 1970's by Texas Gulf as well as a substantialnumber of holes completed in 2005 by SBNC.
Drill sample	•Method of recording and assessing core and	•Drill core recovery was measured and was
recovery	chip sample recoveries and results assessed.	generally excellent.
	•Measures taken to maximise sample recovery	•No record of RC sample quality was located,
	and ensure representative nature of the	however drilling conditions were good and
	samples.	samples generally from fresh rock and no
	•Whether a relationship exists between samplerecovery and grade and whether sample bias	problems were anticipated.•Noobviousrelationshipsbetweensample
	may have occurred due to preferential	recovery and grade.
	loss/gain of fine/coarse material.
Logging	•Whether core and chip samples have been	•All holes were logged in the field at the time of
	geologically and geotechnically logged to a	drilling.
	level of detail to support appropriate MineralResource estimation, mining studies and	•No core photographs were located.
	metallurgical studies.
	•Whether logging is qualitative or quantitative
	in nature. Core (or costean, channel, etc)
	photography.
	•The total length and percentage of the
Sub	relevant intersections logged.•If core, whether cut or sawn and whether	•1m RC samples were split by the riffle splitter on
sampling	quarter, half or all core taken.	the drill rig and sampled dry.
techniques	•If non-core, whether riffled, tube sampled,	•The sampling was conducted using industry
and sample	rotary split, etc and whether sampled wet or	standardtechniquesandwereconsidered
preparation	dry.	appropriate.

Criteria	JORC Code Explanation	Commentary
	•For all sample types, the nature, quality and	•No formal quality control measures were in place
	appropriateness of the sample preparation	for the programs.
	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,
	includingforinstanceresultsforfieldduplicate/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 drill samples were assayed using four
assay data	assaying and laboratory procedures used and	acid digest and AAS analysis at accredited
and	whether the technique is considered partial or	laboratories.
laboratory	total.	•Samples from the 2004 and 2005 programs were
tests	•Forgeophysicaltools,spectrometers,	assayed using four acid digest and AAS analysis
	handheldXRFinstruments,etc,the	at the Aminya and ALS laboratories.
	parameters used in determining the analysis	•QAQC data was limited to assay repeats and
	including instrument make and model, reading	interlaboratory checks which showed acceptable
	times, calibrations factors applied and theirderivation, etc.	results.
	•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.
Verification	•The verification of significant intersections by	•Field data was loaded into excel spreadsheets at
of sampling	either independent or alternative company	site.
and assaying	personnel.	•Original laboratory assay records have been
	•The use of twinned holes.	located and loaded into an electronic database.
	•Documentation of primary data, data entry	•Hard copies of logs, survey and sampling data are
	procedures, data verification, data storage(physical and electronic) protocols.	stored in the SBR office.•
	•Discuss any adjustment to assay data.	No adjustment to assay data.
Location of	•Accuracy and quality of surveys used to locate	•SBNC drill hole collars were accurately surveyed
data points	drill holes (collar and down-hole surveys),	using electronic total station equipment.
	trenches, mine workings and other locations	•A local grid system was used with data converted
	used in Mineral Resource estimation.	to WGS84.
	•Specification of the grid system used.	•Topography is very flat with control from drill
	•Quality and adequacy of topographic control.	hole collars and field traverses.
Data spacing	•Data spacing for reporting of Exploration	•Drilling was on a nominal 20m by 60m spacing in
and	Results.	the upper 200m of the deposit.
distribution	•Whether the data spacing and distribution is	•Deepermineralisationwastestedat
	sufficient to establish the degree of geological	approximately 120m spacing.•
	and grade continuity appropriate for theMineral Resource and Ore Reserve estimation	Drill data is at sufficient spacing to defineMeasured,IndicatedandInferredMineral
	procedure(s) and classifications applied.	Resource.
	•Whethersamplecompositinghasbeen	•Samples were composited to 2 m intervals for
	applied.	estimation.

Criteria	JORC Code Explanation	Commentary
Orientationof data inrelation togeologicalstructure	•Whether the orientation of sampling achievesunbiased sampling of possible structures andthe extent to which this is known, consideringthe deposit type.•If the relationship between the drillingorientationandtheorientationofkeymineralised structures is considered to haveintroduced a sampling bias, this should beassessed and reported if material.	•Shallow holes were drilled at -60ointo a verticaltrending zone and orientated perpendicular tothe known strike of the deposit.•Deeperdiamondholesflattenedtobeapproximatelyorthogonaltothedipofmineralisation.•No orientation based sampling bias has beenidentified in the data.
Samplesecurity	•The measures taken to ensure sample security.	•Samples were organised by company staff thentransported by courier to the laboratory.
Audits orreviews	•The results of any audits or reviews ofsampling techniques and data.	•Procedures were reviewed by independentconsultants during the exploration programs in2005 by SBNC.

JORC Table 1 - Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineraltenement andlandtenurestatus	•Type, reference name/number, location andownership including agreements or materialissues with third parties such as joint ventures,partnerships, overriding royalties, native titleinterests,historicalsites,wildernessornational park and environmental settings.•The security of the tenure held at the time ofreporting along with any known impedimentsto obtaining a license to operate in the area.	•The deposit is located on granted mining leaseM47/567 with an expiry date of 22/9/2025.•SBR has a 70% beneficial interest in the project.
Explorationdone by otherparties	•Acknowledgmentandappraisalofexploration by other parties.	•Discovery and initial exploration was completedby Texas Gulf in the 1970's.•Majority of exploration was completed by SBNCin 2004 and 2005.
Geology	•Deposit type, geological setting and style ofmineralisation.	•The project is hosted within the Archaean WestPilbara Granite-Greenstone Belt. It comprisestwo main lenticular lodes (termed Discovery andSymond's Well) hosted within a sub-vertical tosteep north dipping chert horizon.•Mineralisation is associated with strong foliationand/or banding of a silica-chlorite-carbonateamphibole-magnetite chert. There is broadcorrelation of Ni, Cu and Co grade to sulphidecontent with the main species being pyrrhotite,pyrite and chalcopyrite.
Drillholeinformation	•A summary of all information material to theunder-standing of the exploration resultsincludingatabulationofthefollowinginformation for all Material drill holes:•easting and northing of the drill hole collar•elevation or RL (Reduced Level – elevationabove sea level in metres) of the drill holecollar•dip and azimuth of the hole•down hole length and interception depth•hole length•If the exclusion of this information is justifiedon the basis that the information is notMaterial and this exclusion does not detractfrom the understanding of the report, theCompetent Person should clearly explain whythis is the case.	•Results are reported in local grid coordinates.•Drill hole intersections used in the resource havebeen historically reported.
Dataaggregationmethods	•In reporting Exploration Results, weightingaveragingtechniques,maximumand/orminimum grade truncations (e.g. cutting ofhigh grades) and cut-off grades are usuallyMaterial and should be stated.•Where aggregate intercepts incorporate shortlengths of high grade results and longerlengths of low grade results, the procedureused for such aggregation should be statedandsometypicalexamplesofsuchaggregations should be shown in detail.•The assumptions used for any reporting ofmetal equivalent values should be clearlystated.	•Length weighted average grades have beenreported.•No high-grade cuts have been applied.•Metal equivalent values are not being reported.

Criteria	JORC Code explanation	Commentary
Relationshipbetweenmineralisationwidthsandinterceptlengths	•These relationships are particularly importantin the reporting of Exploration Results.•If the geometry of the mineralisation withrespect to the drill hole angle is known, itsnature should be reported.•If it is not known and only the down holelengths are reported, there should be a clearstatement to this effect (e.g. down hole length,true width not known').	•The majority of holes have been drilled at anglesto intersect the mineralisation approximatelyperpendiculartotheorientationofthemineralised trend.•Some steeper holes will have intersection lengthgreater than the true thickness.
Diagrams	•Appropriate maps and sections (with scales)and tabulations of intercepts should beincluded for any significant discovery beingreported. These should include, but not belimited to a plan view of drill hole collarlocations and appropriate sectional views.	•A relevant plan showing the historical drilling isincluded within the Sabre Resources Ltdannouncement of 12th June 2018 "ResourceEstimate Update for the Sherlock Bay NickelCopper- Cobalt Deposit", as Figure 2.•Representative cross sections and longitudinalprojections, Figures 1, 2 and 4.
BalancedReporting	•Accuracy and quality of surveys used to locatedrill holes (collar and down-hole surveys),trenches, mine workings and other locationsused in Mineral Resource estimation.•WherecomprehensivereportingofallExplorationResultsisnotpracticable,representative reporting of both low and highgrades and/or widths should be practiced toavoid misleading reporting of ExplorationResults.	•Allrelevantresultsavailablehavebeenpreviously reported.
Othersubstantiveexplorationdata	•Other exploration data, if meaningful andmaterial, should be reported including (but notlimitedto):geologicalobservations;geophysical survey results; geochemical surveyresults; bulk samples - size and method oftreatment; metallurgical test results; bulkdensity, groundwater, geotechnical and rockcharacteristics;potentialdeleteriousorcontaminating substances.	•Geological mapping, geophysical surveys androck chip sampling has been conducted over theproject area.
Further work	•The nature and scale of planned further work(e.g. tests for lateral extensions or depthextensions or large- scale step-out drilling).•Diagrams clearly highlighting the areas ofpossibleextensions,includingthemaingeological interpretations and future drillingareas, provided this information is notcommercially sensitive.	•Continued economic analysis of the project isplanned.•Furtherexplorationtoextendhigh-graderesources is planned.•Representative cross sections and longitudinalprojections, Figures 2, 3 and 4 show targetedprojections and further drilling planned.