Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

SCIDEV LTD Capital/Financing Update 2019

Jun 3, 2019

65761_rns_2019-06-03_74b144bd-c834-430a-8b8a-32aecacb59e0.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [276 x 72] intentionally omitted <==

Unit 1 8 Turbo Road Kings Park NSW 2148 Australia ABN 25 001 150 849

Phone: +61 408 509 649 Email: [email protected] Website: www.scidev.com.au ASX code: SDV

Companies Announcements Office Australian Stock Exchange

4 June 2019

Update on Tartana Resources Limited

SciDev Ltd (ASX: SDV , SciDev or the Company ) is pleased to advise that Tartana Resources Limited has released excellent Exploration Targets for the Tartana Copper/Zinc Project (Queensland) and an Indicated Resource for the Zeehan Project (Tasmania).

The full text of Tartana’s announcement is attached. SciDev understands that Tartana Resources Limited is moving towards commencing its ASX IPO capital raising process in the near future.

SciDev currently owns 19.9% of Tartana Resources Limited and will hold a significant position in the Company moving forward. This will give SciDev and its shareholders exposure to the exciting upside at all Tartana’s project areas, particularly the Tartana and Zeehan Projects.

Further details will be provided as they come to hand.

On behalf of SciDev Ltd

==> picture [107 x 40] intentionally omitted <==

Lewis Utting

Managing Director and CEO SciDev Ltd

==> picture [106 x 51] intentionally omitted <==

Heath Roberts Company Secretary SciDev Ltd

==> picture [139 x 95] intentionally omitted <==

Quantification of Exploration Targets on the Tartana Copper/Zinc Project and announcement of an Indicated Resource for the Zeehan Zinc Slag Project

Tartana Resources Limited (" Tartana ") is pleased to announce that it has commissioned the services SRK Consulting (Australasia) Pty Limited (“ SRK ”) to provide JORC 2012 compliant Open Pit Exploration Targets for the Queen Grade Zinc Project, the Copper Sulphide Project below the existing open pit and the Valentino Copper Project. These three projects are on granted Mining Leases which are located approximately 40 km northwest of Chillagoe, north Queensland.

Encouragingly, while the Exploration Targets are classified as conceptual in nature and which may not be substantiated by further drilling, these Exploration Targets have been supported by historical drilling and represent separate material zinc and copper targets reflecting both zinc skarn and porphyry copper systems.

TABLE 1. QUEEN GRADE EXPLORATION TARGET AT NOMINAL 1% ZN CUT-OFF GRADE

Queen Grade Zinc Open Pit
Exploration Target*
Low (Mt)
High (Mt)
Tonnage
Low
High
Zinc Grade
Low (t)
High (t)
Contained Zinc
0.3
3.0
4%
10%
11,000
290,000

*The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. JORC 2012 Tables 1 & 2 are located in Appendix 2. Competent Person: SRK Dr Stuart Munroe.

TABLE 2. DEEPER COPPER SULPHIDE AND VALENTINO EXPLORATION TARGET AT NOMINAL 0.5% CU CUT-OFF GRADE

Copper Sulphide Open Pit
Exploration Targets*
Low(Mt)
High (Mt)
Tonnage
Low
High
Copper Grade
Low(t)
High (t)
Contained Copper
Below existing open pit
Valentino Prospect
7.3
20.0
3.9
27.0
0.60%
0.80%
0.60%
0.80%
44,000
161,000
20,000
215,000
Total 11.2
47.0
0.60%
0.80%
64,000
376,000

*The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. JORC 2012 Tables 1 & 2 are located in Appendix 2. Competent Person: SRK Dr Stuart Munroe.

The contained zinc and copper in the Exploration Targets is for open pit mining only and do not reflect deeper targets associated with each project that may be amenable to underground mining methods. Details of these Exploration Targets are outlined in the following sections.

The mining leases also include a heap leach - solvent extraction - crystallisation plant which has been on care and maintenance since 2014. This plant can produce copper sulphate for sale into the domestic market and Tartana is

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 2 of 34

==> picture [83 x 56] intentionally omitted <==

investigating the opportunity of restarting production. However, the Exploration Targets stated below do not refer to oxide copper mineralisation which would be suitable for leaching and this will be the subject of a separate drilling campaign.

In addition, Tartana has commissioned Bluespoint Mining Services Pty Ltd (“ BMS ”) to estimate an Indicated Resource Statement which is JORC 2012 compliant for the Zeehan Zinc Slag Project in consultation with SRK. This is the first time that these zinc bearing stockpiles have been classified under JORC classification.

TABLE 3. ZEEHAN ZINC SLAG INDICATED MINERAL RESOURCE AT ZERO CUT-OFF GRADE

TABLE3. ZEEHANZINCSLAGINDICATEDMINERAL RES OURCE ATZEROCUT-OFFG RADE
Zeehan Zinc Slag Indicated Mineral Resource* Tonnes Grade Contained Metal
Slag in stockpiles
Zinc Grade
Lead Grade
Silver Grade (g/t)
469,000 13.3%
1.7%
53.0
62,377
t
7,973
t
799,171
oz
  • JORC 2012 Tables 1 & 2 are located in Appendix 2. Competent Person: BMS Geoff Reed

The Indicated Mineral Resource tonnage is higher than previous non JORC reported estimates by previous owners and reflects recent work on further quantifying the density and volume of the stock piles and this includes a recent 7 hole air core drilling programme. In addition, the average grade of indium from samples from the recent 7 hole air core programme was 52 ppm in the north stockpile and 28 ppm in the south stockpile but there are insufficient data to categorise these average grades as indicative of the entire resource as indium was not assayed in samples from an earlier drilling programme.

On reviewing the results, Chairman Dr Steve Bartrop commented that this work is a significant achievement in allowing investors to appreciate the potential of our projects. The Tartana Project has been held in private hands for over 20 years and while it successfully produced copper sulphate for many years, the opportunities existing within its mining lease have not been quantified before. In addition, the higher level of confidence in the Zeehan zinc slag resource will assist the Company to be able to commercialise this resource.

Tartana Copper/Zinc Project

The Tartana Copper/Zinc Project consists of four granted mining leases located approximately 40 km northwest of Chillagoe, north Queensland (Figure 1). The location of the Queen Grade Zinc Project, the Tartana Copper Mine and the Valentino Project within the mining leases is also indicated on Figure 1 along with site infrastructure.

Tartana Resources Limited ABN: 90 126 905 726 169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 3 of 34

==> picture [83 x 56] intentionally omitted <==

==> picture [369 x 512] intentionally omitted <==

Figure 1. Tartana Mining Leases.

Queen Grade Exploration Target

The Queen Grade Zinc Project represents outcropping proximal zinc skarn mineralisation which is similar to neighbouring King Vol mineralisation and other skarn mineralisation in the Chillagoe Belt. Historical drilling has involved a number of RC programmes since the early 1990’s and more recently, selected diamond drilling for a total of 12 holes.

Tartana Resources Limited ABN: 90 126 905 726 169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 4 of 34

==> picture [83 x 56] intentionally omitted <==

==> picture [254 x 196] intentionally omitted <==

==> picture [252 x 195] intentionally omitted <==

Figure 2. Historical drilling at Queen Grade

SRK reports that the drilling and surface alteration expression have been used to estimate a strike (200 to 400 m), width (thickness 10 m to 25 m) and depth below oxide (50 m to 100 m) for a deposit that may be recovered by open pit mining methods. This density (2.7 to 2.9 t/m[3] range) has been based on mineralisation observed in drill core.

In addition it notes that while the grades at the nearby King Vol deposit are high enough to support an underground mine, the grade and depth at Queen Grade have yet to be sufficiently tested to support an underground Exploration Target.

The Queen Grade Exploration Target considered accessible to surface (open pit) mining is shown in Table 4.

TABLE 4. QUEEN GRADE EXPLORATION TARGET AT NOMINAL 1% ZINC CUT-OFF GRADE

TABLE4. QUEENGRADEEXPLORATIO NTARGET ATNOMINAL1% ZIN CCUT-OFFGRADE
Queen Grade Zinc Open Pit
Exploration Target*
Low (Mt)
High (Mt)
Tonnage
Low
High
Zinc Grade
Low (t)
High (t)
Contained Zinc
0.3
3.0
4%
10%
11,000
290,000

*The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. JORC 2012 Tables 1 & 2 are located in Appendix 2. Competent Person: SRK Dr Stuart Munroe.

Deeper Copper Sulphide and Valentino Exploration Targets

The Tartana copper mine operated a heap leach - solvent extraction -– crystallisation plant to produce copper sulphate until 2014 when it was placed on care and maintenance. Duing its operations it mined oxide copper ore in a shallow open pit which was crushed and placed on the heaps.

The Company proposes to explore below this open pit mine as part of the Deeper Copper Sulphide Project as well as the Valentino Project. These targets are identified on ground based Induced Polarisation (IP) and Resistivity Surveys as well as Geochemistry Surveys.

The IP Survey identifies a significant target (the green in Figure 3 as it also coincides with mineralisation which has been drilled below the open pit (red zone).

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 5 of 34

==> picture [83 x 56] intentionally omitted <==

==> picture [460 x 251] intentionally omitted <==

Figure 3. IP Model below and to the north of the open pit and also encompassing Valentino

The Resistivity and the Soil Geochemistry plans provide a surface trend of the exploration targets estimated by SRK and these are presented in Figure 4 and 5 below. In particular, prior to mining the oxide copper resource was well exposed at surface with a a prominent copper-in-soil anomaly.

==> picture [416 x 297] intentionally omitted <==

Figure 4. The Deeper Sulphide (Tartana Target) and the Valentino Target and resistivity survey.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 6 of 34

==> picture [83 x 56] intentionally omitted <==

==> picture [418 x 298] intentionally omitted <==

Figure 5. The Deeper Sulphide (Tartana Target) and the Valentino Target and copper in soil geochemistry.

The Tartana Deeper Sulphide target is in both the weathering transition zone (supergene zone) and primary rock beneath the previously mined open pit oxide copper resource (now partially backfilled). The final survey for the existing pit has yet to be located, consequently, there is some uncertainty about the location of the top of the deposit and which will be defined with future drilling programmes.

SRK note that the sulphide resource has been intersected in a number of deeper holes which indicates it dips steeply south-west. The strike (est. 500 m to 600 m), width (thickness 40 m to 60 m) and dip extends below the oxide to a depth (est. 140 m to 200 m) that it believes may reasonably be mineable from an open pit.

The density range (2.6 to 2.8 t/m[3] ) has been based on density determinations from Tartana core and typical densities for the rock types present at the Tartana Project. A grade range of 0.6% to 0.8% Cu has been used to reflect the average grades from drilling assays that intersected the sulphide zone.

SRK has based the Valentino conceptual Exploration Target on a surface copper in soil anomaly which covers an area that is smaller than the anomaly at the Tartana Copper Mine (due to poor surface expression) and a number of mineralised intersections from shallow drilling. The Valentino geochemical target (identified from soil and shallow drilling) coincides with an NNW striking IP resistivity high that has a strike of 700 m to 800 m. The target is poorly drilled and highly conceptual with wide spaced drilling although drill holes TRDH 15A, TRDH 16, TRDH 18 and RB 11 all intersected mineralisation that coincides with the IP anomaly. An additional zone of mineralisation in the southern part of ML4819 also coincides with a smaller IP resistivity high and may be shallowly dipping.

SRK note that a deeper target for possible underground mining has not been considered at this stage due to a lack of data to determine continuity at higher grade. The depth to the base of oxide is approximately 30 to 40 m from surface. The depth of the sulphide below oxide used for the Exploration Target is 40 m, representing up to 240 m below surface where the deposit is assumed to be 60 m thick.

Tartana Resources Limited ABN: 90 126 905 726 169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 7 of 34

==> picture [83 x 56] intentionally omitted <==

The Copper Sulphide Exploration Targets are summarised in Table 5.

TABLE 5. COPPER SULPHIDE EXPLORATION TARGETS AT NOMINAL 0.5% CU CUT-OFF GRADE

Copper Sulphide Open Pit
Exploration Targets*
Low(Mt)
High (Mt)
Tonnage
Low
High
Copper Grade
Low(t)
High (t)
Contained Copper
Below existing open pit
Valentino Prospect
7.3
20.0
3.9
27.0
0.60%
0.80%
0.60%
0.80%
44,000
161,000
20,000
215,000
Total 11.2
47.0
0.60%
0.80%
64,000
376,000

*The potential quantity and grade is conceptual in nature, and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. JORC 2012 Tables 1 & 2 are located in Appendix 2. Competent Person: SRK Dr Stuart Munroe.

Zeehan Zinc Slag Indicated Mineral Resource

The Zeehan Zinc Slag Project comprises two historic smelter stockpiles on a granted mining lease near Zeehan, western Tasmania (Figure 6).

==> picture [210 x 291] intentionally omitted <==

Figure 6. Location of the Zeehan zinc slag stockpiles (dumps).

The Mineral Resource estimate for the Zeehan Zinc Slag Project was completed during April 2019 by BMS and was based on the following data:

  • The assay results and density measurements on a 7-hole air core drilling programme completed in March 2019 (see Appendix 1).

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 8 of 34

==> picture [83 x 56] intentionally omitted <==

  • A photogrammetry survey completed in April 2019 to provide surface detail for stockpile volume estimations.

  • Historical drill logs and assay data from a 29-hole programme conducted in 1992 (see Appendix 1).

  • Historical and independent reports on slag bulk density measurements and stockpile surveys.

  • Other historical reports and discussions with personnel involved with the project over time.

TABLE 6. ESTIMATED INDICATED RESOURCE FOR THE ZEEHAN ZINC SLAG STOCKPILES

TABLE6. ESTIMATED INDICATED RESOURCE FOR THEZEE HANZINCSLAGSTOCKPILES
Zeehan Zinc Slag Indicated Mineral Resource* Tonnes Grade Contained Metal
Slag in stockpiles
Zinc Grade
Lead Grade
Silver Grade (g/t)
469,000 13.3%
1.7%
53.0
62,377
t
7,973
t
799,171
oz
  • JORC 2012 Tables 1 & 2 are located in Appendix 2. Competent Person: BMS Geoff Reed

BMS completed resource estimates for the deposit using an Inverse Distance method, constrained by topographic surface wireframe based a photogrammetry survey (Figure 7) and incorporating mineralised intersections above the natural topography surface. No minimum width was used in the interpretation of the resource.

==> picture [358 x 310] intentionally omitted <==

Figure 7. Photogrammetry survey of the Zeehan Zinc Slag Stockpiles or Dumps. (Green = drilling by Tartana in March 2019, Red = historical drilling).

Tartana Resources Limited ABN: 90 126 905 726 169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 9 of 34

==> picture [83 x 56] intentionally omitted <==

Competent Persons’ Statement

The Exploration Targets were estimated by Dr Stuart Munroe who is a full-time employee of SRK Consulting (Australasia) Pty Limited and has sufficient experience which is relevant to the style of mineralisation and types of miner deposits under consideration, and to qualify as a Competent Persons as defined in the 2012 Edition of the JORC Code. Dr Munroe consents to the inclusion of the Exploration Target information in the form and context in which they appear.

The Zeehan Zinc Slag Project was estimated by Mr Geoff Reed who is a full-time employee of Bluespoint Mining Services and has sufficient experience which is relevant to the style of mineralisation under consideration, and to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Reed consents to the inclusion of the information on the Zeehan Zinc Slag Project in the form and context in which they appear.

Disclaimer

This document has been prepared by Tartana Resources Limited ACN 126 905 726 (Tartana or the Company) on the basis of information available as at 27 May 2019, for the purpose of continuous disclosure.

This document may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The Company has prepared this presentation based on information available to it at the time of preparation. To the maximum extent permitted by law, the Company does not make any representation or give any warranty or undertaking, express or implied, as to the accuracy, fairness, sufficiency, reliability, adequacy or completeness of the material, information, opinions, beliefs and conclusions contained in this presentation, including any forward-looking statement.

No representation, warranty or undertaking, express or implied, is made or given by the Company that the material, information, opinions, beliefs and conclusions contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its related bodies corporate (as that term is defined in the Corporations Act 2001 Cth) and the officers, directors, employees, advisers and agents of those entities expressly disclaim any responsibility for the accuracy, fairness, sufficiency, reliability, adequacy or completeness of the material contained in this presentation, or any opinions, conclusions or beliefs contained in this presentation, and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from.

To the maximum extent permitted by the law, the Company, its related bodies corporate (as that term is defined in the Corporations Act) and the officers, directors, employees, advisers and agents of those entities disclaim any obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice.

Disclosure: Dr Stephen Bartrop is a director and shareholder of Bluespoint Mining Services (“BMS”) and a director and shareholder of Tartana Resources Limited.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 10 of 34

==> picture [83 x 56] intentionally omitted <==

Appendix 1. Tartana Project Drilling Data

Hole_ID **Hole_Type ** Max_Depth Orig_Grid Orig_East Orig_North Orig_RL **Collar_Dip ** Collar_Az **Company ** Prospect
NARC17 RC 108 GDA94_55K 207847 8126170 264.789 -67 206.5 Solomons Queen Grade
NARC18 RC 72 GDA94_55K 207925 8126049 249.308 -58 32 Solomons Queen Grade
NARC19 RC 54 GDA94_55K 207930 8126032 249.87 -71 44 Solomons Queen Grade
NARC20 RC 30 GDA94_55K 207943 8126048 249.312 -50 48 Solomons Queen Grade
QGTRC01 RC 100 GDA94_55K 207868.28 8126156.89 263.16 -60 240 Dominion Queen Grade
QGTRC02 RC 100 GDA94_55K 207819.57 8126084.4 247.78 -60 10 Dominion Queen Grade
QGTRC03 RC 100 GDA94_55K 207836.42 8126186.06 264.16 -60 190 Dominion Queen Grade
QGTRC04 RC 100 GDA94_55K 207837.78 8126115.31 259.07 -60 60 Dominion Queen Grade
QGTRC05 RC 100 GDA94_55K 207915.16 8126113.56 255.47 -60 240 Dominion Queen Grade
QGTRC06 RC 100 GDA94_55K 207893.48 8126100.63 258.24 -60 240 Dominion Queen Grade
QGTRC07 RC 100 GDA94_55K 207870.87 8126086.83 255.52 -60 240 Dominion Queen Grade
QGTRC08 RC 100 GDA94_55K 207809.85 8126049.91 237.53 -60 60 Dominion Queen Grade
QGTRC09 RC 34 GDA94_55K 207835.5 8126175.11 264.95 -60 240 Dominion Queen Grade
QGTRC10 RC 110 GDA94_55K 207750.83 8126129.01 242.04 -60 60 Dominion Queen Grade
QGTRC12 RC 100 GDA94_55K 207873.16 8126132.16 262.88 -60 240 Dominion Queen Grade
QGTRC13 RC 128 GDA94_55K 207787.07 8126081.98 241.8 -60 60 Dominion Queen Grade
QGTRC14 RC 100 GDA94_55K 207894.78 8126144.86 258.39 -60 240 Dominion Queen Grade
QGTRD11 DDH 115 GDA94_55K 207866.65 8126192.17 258.39 -60 240 Dominion Queen Grade
TDH15 DDH 150.1 GDA94_55K 207868 8126193 256 -60 217 Solomons Queen Grade
TDH16 DDH 171.3 GDA94_55K 207791 8126081 239.5 -60 37 Solomons Queen Grade
TDH22 DDH 171.1 GDA94_55K 207872 8126193 256 -65 222 Solomons Queen Grade
RB11 RAB 15 GDA94_55K 208870 8125749 234 -90 7 Solomons Tartana Flat
RB12 RAB 12 GDA94_55K 208791 8125719 231.179 -90 7 Solomons Tartana Flat
RB13 RAB 12 GDA94_55K 208738 8125667 235.922 -90 7 Solomons Tartana Flat
RB14 RAB 15 GDA94_55K 208800 8125605 237.131 -90 7 Solomons Tartana Flat
RB15 RAB 25.5 GDA94_55K 209339 8125567 247.989 -90 7 Solomons Tartana Flat
RB16 RAB 15 GDA94_55K 209348 8125572 243.788 -90 7 Solomons Tartana Flat
RB17 RAB 24 GDA94_55K 209193 8125550 268.05 -90 7 Solomons Tartana Flat
RB18 RAB 15 GDA94_55K 209080 8126249 232.296 -90 7 Solomons Tartana Flat
NARC01 RC 51 GDA94_55K 208719 8125658 237.576 -60 242 Solomons Tartana Hill
NARC02 RC 48 GDA94_55K 208708 8125649 237.749 -60 242 Solomons Tartana Hill
NARC03 RC 51 GDA94_55K 208685 8125639 234.13 -60 237 Solomons Tartana Hill
NARC04 RC 51 GDA94_55K 208690 8125705 234.036 -60 262 Solomons Tartana Hill
NARC05 RC 51 GDA94_55K 208696 8125724 230.059 -60 232 Solomons Tartana Hill
NARC06 RC 51 GDA94_55K 208671 8125687 235.017 -60 242 Solomons Tartana Hill
NARC07 RC 51 GDA94_55K 208727 8125740 225.423 -60 132 Solomons Tartana Hill
NARC08 RC 48 GDA94_55K 209023 8125604 235.508 -60 277 Solomons Tartana Hill
NARC09 RC 48 GDA94_55K 209007 8125574 235.697 -60 277 Solomons Tartana Hill
NARC10 RC 24 GDA94_55K 208746 8125731 227.657 -90 7 Solomons Tartana Hill
NARC11 RC 66 GDA94_55K 208728 8125664 236.711 -62 236 Solomons Tartana Hill
NARC12 RC 26 GDA94_55K 208742 8125673 235.224 -59 240 Solomons Tartana Hill
NARC16 RC 54 GDA94_55K 208659 8125622 230 -60 231.5 Solomons Tartana Hill
NARC21 RC 60 GDA94_55K 208601 8125707 231.72 -90 7 Solomons Tartana Hill
NARC22 RC 72 GDA94_55K 208742 8125671 235.392 -60 239 Solomons Tartana Hill
TDH1 DIAMOND 243 GDA94_55K 208625 8125579 229.912 -60 57 CEC Tartana Hill
TDH10 DIAMOND 300 GDA94_55K 208532 8125618 225.507 -60 57 OTUK Tartana Hill
TDH11 DIAMOND 300 GDA94_55K 208292 8125831 225.717 -60 87 OTUK Tartana Hill
TDH12A DDH 149.3 GDA94_55K 208840 8125535 238.5 -45 201 Solomons Tartana Hill
TDH13 DDH 330.1 GDA94_55K 208562 8125657 228.5 -55 87 Solomons Tartana Hill

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 11 of 34

==> picture [83 x 56] intentionally omitted <==

Appendix 1. Tartana Project Drilling Data (cont.)

Hole_ID **Hole_Type ** Max_Depth Orig_Grid Orig_East Orig_North Orig_RL **Collar_Dip ** Collar_Az **Company ** Prospect
TDH14 DDH 276.1 GDA94_55K 208492 8125640 231 -55 209 Solomons Tartana Hill
TDH2 DIAMOND 244 GDA94_55K 208533 8125787 234.173 -60 237 CEC Tartana Hill
TDH3 DIAMOND 528 GDA94_55K 208475 8125475 222.142 -60 57 CEC Tartana Hill
TDH4 DIAMOND 194 GDA94_55K 208721 8125472 235.368 -60 57 CEC Tartana Hill
TDH6 DIAMOND 124 GDA94_55K 208895 8126100 240.841 -70 277 CEC Tartana Hill
TDH7 DIAMOND 207 GDA94_55K 209099 8125587 250.604 -50 277 CEC Tartana Hill
TDH8 DIAMOND 207 GDA94_55K 208552 8125848 236.669 -60 237 CEC Tartana Hill
TDH8A DIAMOND 248 GDA94_55K 208552 8125849 236.726 -60 237 CEC Tartana Hill
TDH9 DIAMOND 181 GDA94_55K 209239 8125609 260.476 -45 237 CEC Tartana Hill
TRC1 RC 34 GDA94_55K 208804 8125390 232.469 -60 57 MAJESTIC Tartana Hill
TRC10 RC 34 GDA94_55K 208767 8125489 245.089 -45 237 MAJESTIC Tartana Hill
TRC11 RC 46 GDA94_55K 208771 8125491 245.367 -60 237 MAJESTIC Tartana Hill
TRC12 RC 28 GDA94_55K 208775 8125493 245.136 -45 57 MAJESTIC Tartana Hill
TRC13 RC 52 GDA94_55K 208801 8125504 241.704 -45 237 MAJESTIC Tartana Hill
TRC14 RC 52 GDA94_55K 208814 8125517 240.328 -45 237 MAJESTIC Tartana Hill
TRC15 RC 52 GDA94_55K 208698 8125499 236.779 -45 57 MAJESTIC Tartana Hill
TRC16 RC 58 GDA94_55K 208737 8125526 251 -45 237 MAJESTIC Tartana Hill
TRC17 RC 52 GDA94_55K 208753 8125541 251 -45 237 MAJESTIC Tartana Hill
TRC18 RC 40 GDA94_55K 208666 8125550 237.575 -45 47 MAJESTIC Tartana Hill
TRC19 RC 40 GDA94_55K 208696 8125566 245.947 -45 237 MAJESTIC Tartana Hill
TRC2 RC 28 GDA94_55K 208828 8125408 236 -45 237 MAJESTIC Tartana Hill
TRC20 RC 40 GDA94_55K 208670 8125570 236.751 -60 237 MAJESTIC Tartana Hill
TRC21 RC 40 GDA94_55K 208709 8125575 245.951 -60 57 MAJESTIC Tartana Hill
TRC22 RC 52 GDA94_55K 208737 8125526 251 -42 237 MAJESTIC Tartana Hill
TRC23 RC 40 GDA94_55K 208768 8125607 239.188 -45 147 MAJESTIC Tartana Hill
TRC24 RC 40 GDA94_55K 208782 8125612 237.626 -45 147 MAJESTIC Tartana Hill
TRC25 RC 58 GDA94_55K 208635 8125582 230.604 -45 57 MAJESTIC Tartana Hill
TRC26 RC 58 GDA94_55K 208695 8125655 237.005 -45 237 MAJESTIC Tartana Hill
TRC27 RC 52 GDA94_55K 208659 8125658 230.239 -45 237 MAJESTIC Tartana Hill
TRC28 RC 46 GDA94_55K 208659 8125658 230.239 -60 237 MAJESTIC Tartana Hill
TRC29 RC 46 GDA94_55K 208516 8125796 235.883 -51 58 MAJESTIC Tartana Hill
TRC3 RC 34 GDA94_55K 208826 8125411 236 -60 57 MAJESTIC Tartana Hill
TRC30 RC 46 GDA94_55K 208492 8125785 237.599 -48 57 MAJESTIC Tartana Hill
TRC31 RC 46 GDA94_55K 208483 8125775 238 -47 57 MAJESTIC Tartana Hill
TRC32 RC 46 GDA94_55K 208469 8125762 238 -45 57 MAJESTIC Tartana Hill
TRC33 RC 40 GDA94_55K 208450 8125755 237.776 -45 57 MAJESTIC Tartana Hill
TRC34 RC 40 GDA94_55K 208387 8125848 234.495 -51 57 MAJESTIC Tartana Hill
TRC35 RC 40 GDA94_55K 208419 8125849 236.902 -45 57 MAJESTIC Tartana Hill
TRC36 RC 40 GDA94_55K 208352 8125930 236.63 -47 57 MAJESTIC Tartana Hill
TRC37 RC 40 GDA94_55K 208367 8125939 237.999 -45 57 MAJESTIC Tartana Hill
TRC38 RC 40 GDA94_55K 208337 8126034 238.083 -48 57 MAJESTIC Tartana Hill
TRC39 RC 40 GDA94_55K 208317 8126028 236.582 -45 57 MAJESTIC Tartana Hill
TRC4 RC 52 GDA94_55K 208842 8125416 235.267 -45 237 MAJESTIC Tartana Hill
TRC40 RC 40 GDA94_55K 208319 8126022 236.505 -45 237 MAJESTIC Tartana Hill
TRC41 RC 40 GDA94_55K 208312 8126075 237.543 -45 237 MAJESTIC Tartana Hill
TRC42 RC 40 GDA94_55K 208298 8126062 236.901 -45 237 MAJESTIC Tartana Hill
TRC43 RC 40 GDA94_55K 208254 8126155 234.995 -45 237 MAJESTIC Tartana Hill
TRC44 RC 40 GDA94_55K 208430 8125880 238.416 -45 237 MAJESTIC Tartana Hill
TRC45 RC 40 GDA94_55K 208380 8125969 239.223 -45 237 MAJESTIC Tartana Hill
TRC46 RC 40 GDA94_55K 208393 8125978 239.995 -45 237 MAJESTIC Tartana Hill

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 12 of 34

==> picture [83 x 56] intentionally omitted <==

Appendix 1. Tartana Project Drilling Data (cont.)

Hole_ID **Hole_Type ** Max_Depth Orig_Grid Orig_East Orig_North Orig_RL **Collar_Dip ** Collar_Az **Company ** Prospect
TRC47 RC 40 GDA94_55K 208635 8125700 232.892 -48 238 MAJESTIC Tartana Hill
TRC48 RC 28 GDA94_55K 208628 8125695 230.877 -50 237 MAJESTIC Tartana Hill
TRC49 RC 52 GDA94_55K 208690 8125680 235.986 -45 237 MAJESTIC Tartana Hill
TRC5 RC 52 GDA94_55K 208857 8125429 233.449 -45 237 MAJESTIC Tartana Hill
TRC50 RC 40 GDA94_55K 208611 8125715 232 -45 57 MAJESTIC Tartana Hill
TRC51 RC 40 GDA94_55K 208579 8125708 232 -45 57 MAJESTIC Tartana Hill
TRC52 RC 40 GDA94_55K 208560 8125699 231.491 -45 57 MAJESTIC Tartana Hill
TRC53 RC 40 GDA94_55K 208587 8125672 230.684 -45 57 MAJESTIC Tartana Hill
TRC54 RC 40 GDA94_55K 208608 8125627 229.888 -45 57 MAJESTIC Tartana Hill
TRC55 RC 40 GDA94_55K 208772 8125429 231.675 -45 57 MAJESTIC Tartana Hill
TRC56 RC 40 GDA94_55K 208821 8125462 237.553 -45 237 MAJESTIC Tartana Hill
TRC57 RC 40 GDA94_55K 209006 8125671 235.043 -45 147 MAJESTIC Tartana Hill
TRC58 RC 40 GDA94_55K 208511 8125729 233.238 -45 57 MAJESTIC Tartana Hill
TRC6 RC 52 GDA94_55K 208867 8125439 233 -45 237 MAJESTIC Tartana Hill
TRC7 RC 52 GDA94_55K 208885 8125449 234.08 -45 237 MAJESTIC Tartana Hill
TRC8 RC 46 GDA94_55K 208741 8125468 237.249 -45 57 MAJESTIC Tartana Hill
TRC9 RC 46 GDA94_55K 208728 8125462 234.66 -45 57 MAJESTIC Tartana Hill
TRDH10 ROTARY 155.45 GDA94_55K 208907 8125594 227.087 -90 7 CEC Tartana Hill
TRDH11 ROTARY 228.59 GDA94_55K 208590 8125715 232 -90 7 CEC Tartana Hill
TRDH12 ROTARY 152.39 GDA94_55K 208562 8125658 229.364 -90 7 CEC Tartana Hill
TRDH13 ROTARY 228.59 GDA94_55K 208708 8125695 234.588 -63 272 CEC Tartana Hill
TRDH14 ROTARY 228.59 GDA94_55K 208752 8125572 246.606 -63 251 CEC Tartana Hill
TRDH15 ROTARY 108.2 GDA94_55K 208918 8125574 231.424 -60 276 CEC Tartana Hill
TRDH15A ROTARY 228.59 GDA94_55K 208978 8125500 243.285 -62 237 CEC Tartana Hill
TRDH16 ROTARY 152.39 GDA94_55K 208868 8125871 234.419 -90 7 CEC Tartana Hill
TRDH17 ROTARY 152.39 GDA94_55K 208969 8125939 238.374 -90 7 CEC Tartana Hill
TRDH18 ROTARY 158.49 GDA94_55K 209005 8125668 234.708 -90 7 CEC Tartana Hill
TRDH6 ROTARY 152.39 GDA94_55K 208764 8125800 224.284 -90 7 CEC Tartana Hill
TRDH7 ROTARY 228.59 GDA94_55K 208679 8125608 229.117 -90 7 CEC Tartana Hill
TRDH8 ROTARY 152.39 GDA94_55K 208828 8125693 231 -90 7 CEC Tartana Hill
TRDH9 ROTARY 228.59 GDA94_55K 208812 8125525 241.138 -90 7 CEC Tartana Hill
NARC13 RC 90 GDA94_55K 209299 8125556 262.934 -60 77 Solomons Valentino
NARC14 RC 54 GDA94_55K 209326 8125560 255.069 -62 84 Solomons Valentino
NARC15 RC 78 GDA94_55K 209266 8125549 262.726 -90 7 Solomons Valentino
RB01 RAB 21 GDA94_55K 209333 8125565 251.863 -90 7 Solomons Valentino
RB02 RAB 21 GDA94_55K 209329 8125562 254.049 -90 7 Solomons Valentino
RB03 RAB 18 GDA94_55K 209326 8125561 255.184 -90 7 Solomons Valentino
RB04 RAB 24 GDA94_55K 209322 8125558 256.097 -90 7 Solomons Valentino
RB05 RAB 15 GDA94_55K 209209 8125837 265.4 -90 7 Solomons Valentino
RB06 RAB 15 GDA94_55K 209191 8125842 267.126 -90 7 Solomons Valentino
RB07 RAB 15 GDA94_55K 209188 8125841 268.171 -90 7 Solomons Valentino
RB08 RAB 30 GDA94_55K 209321 8125558 256.533 -90 7 Solomons Valentino
RB09 RAB 30 GDA94_55K 209312 8125557 259.364 -90 7 Solomons Valentino
RB10 RAB 30 GDA94_55K 209318 8125582 260.606 -90 7 Solomons Valentino
TDH17 DDH 180.4 GDA94_55K 209223 8125541 251 -90 367 Solomons Muscleville
TDH18 DDH 180.3 GDA94_55K 209170 8125524 252 -60 77 Solomons Muscleville
TDH19 DDH 111.2 GDA94_55K 209190 8125834 270 -60 57 Solomons Muscleville
TDH20 DDH 150.3 GDA94_55K 209189 8125833 270 -70 57 Solomons Muscleville
TDH21 DDH 69.2 GDA94_55K 209282 8125796 251 -60 77 Solomons Muscleville
TDH23 DDH 200.5 GDA94_55K 209094 8125764 253 -45 55 Solomons Muscleville

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 13 of 34

==> picture [83 x 56] intentionally omitted <==

Appendix 1. Tartana Project Drilling – Significant Results

Hole_ID From To **Width(m) ** Cu % Zn %
NARC01 16 27 11 3.04
NARC02 10 20 10 1.61
NARC03 6 27 21 1.63
NARC03 43 50 7 1.18
NARC04 21 31 10 0.95
NARC06 14 25 11 0.85
NARC06 35 51 16 0.83
NARC08 28 34 6 0.92
NARC09 29 33 4 0.61
NARC10 9 14 5 1.58
NARC11 11 66 55 0.73
NARC13 31 39 8 0.7
NARC14 18 23 5 1.62
NARC15 24 44 20 0.93
NARC16 7 20 13 0.72
NARC17 25 85 60 3.66
NARC21 5 11 6 1.05
NARC21 39 43 4 1
NARC22 15 18 3 0.71
NARC22 33 42 9 0.56
NARC22 48 61 13 0.5
RB02 1.5 4.5 3 0.53
RB02 13.5 16.5 3 0.68
RB03 15 18 3 1.9
RB04 15 21 6 1.83
RB06 10.5 13.5 3 0.56
RB08 21 27 6 1.71
RB09 24 27 3 3.35
TDH1 56.69 98.45 41.76 0.55
TDH1 130.91 167.17 36.26 0.5
TDH10 97 110 13 0.88
TDH10 199 285 86 0.54
TDH11 234 276 42 0.79
TDH2 162.76 175.86 13.1 0.5
TDH3 325.51 373.36 47.85 0.6
TDH4 115.51 182.87 67.36 0.66
TDH7 69.98 75.37 5.39 0.61
TDH8 172.78 207.77 34.99 0.57
TDH8A 198.11 229.87 31.76 0.8
TDH9 137.82 144.35 6.53 0.65
TRC10 2 24 22 0.59
TRC11 6 31 25 0.71
TRC13 30 52 22 0.86
TRC15 38 52 14 0.59
TRC16 2 30 28 1
TRC17 10 51 41 0.77
TRC18 15 40 25 0.8
TRC19 2 40 38 0.56
QGTRC06 26 46 20 1.44
QGTRC07 45 47 2 1.47
QGTRC09 18 34 16 2.4

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 14 of 34

==> picture [83 x 56] intentionally omitted <==

Appendix 1. Tartana Project Drilling – Significant Results (cont.)

Hole_ID From To **Width(m) ** Cu % Zn %
QGTRC10 21 27 6 1.06
QGTRC10 92 93 1 1.5
QGTRC10 106 109 3 0.67 0.78
QGTRD11 108.6 111.85 3.25 0.64
QGTRC12 37 45 8 6.4
QGTRC13 116 119 3 0.28 4.07
QGTRC13 125 128 3 2.6
QGTRC14 33 35 2 1.29
DH12A 67.8 112 44.2 0.65
TDH14 48 53.5 5.5 2.3
TDH15 95.5 128.5 33 12 12
TDH16 145.1 154.45 9.35 5.92 5.92
TDH18 146.39 150.9 4.51 0.56
TDH19 22 25.8 3.8 2.29
TDH20 24.8 29 4.2 0.97
TDH22 147.7 154.6 6.9 0.2 12.8
TDH23 109.7 111 1.3 1.3
TRC2 1 4 3 0.57
TRC20 1 40 39 0.61
TRC21 1 11 10 0.65
TRC22 1 51 50 0.63
TRC24 37 40 3 0.54
TRC25 0 21 21 0.53
TRC25 51 58 7 0.81
TRC26 4 57 53 0.9
TRC27 9 45 36 1.82
TRC28 10 46 36 1.95
TRC32 15 42 27 0.57
TRC35 29 37 8 0.58
TRC47 0 40 40 0.79
TRC48 9 25 16 1.57
TRC49 21 29 8 0.85
TRC50 11 29 18 0.53
TRC51 3 19 16 1.34
TRC53 8 38 30 0.86
TRC54 12 18 6 0.97
TRC54 32 37 5 0.86
TRC55 31 35 4 0.58
TRC56 1 40 39 0.71
TRC6 42 45 3 0.87
TRC8 2 5 3 0.73
TRC8 28 45 17 0.53
TRDH11 4.57 13.72 9.15 1.03
TRDH11 89.91 105.15 15.24 1.02
TRDH13 131.06 158.49 27.43 0.67
TRDH14 27.43 36.57 9.14 0.57
TRDH14 67.05 124.96 57.91 0.59
TRDH15A 201.16 216.4 15.24 0.5
TRDH18 79.24 152.39 73.15 0.59
TRDH19 135.63 149.34 13.71 0.54

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 15 of 34

==> picture [83 x 56] intentionally omitted <==

Appendix 1. Zeehan Zinc Slag Project Drilling Data

Hole_ID **Hole_Type ** Max_Depth Orig_Grid Orig_East Orig_North Orig_RL **Collar_Dip ** Collar_Az **Company ** Prospect
TNA19AC001 AC 10 GDA94_55K 362951.9 358515.6 174 -90 360 Tartana Zeehan
TNA19AC002 AC 10 GDA94_55K 362932.8 358505.8 173.886 -90 360 Tartana Zeehan
TNA19AC003 AC 15 GDA94_55K 362914.7 358353.5 173.445 -90 360 Tartana Zeehan
TNA19AC004 AC 14 GDA94_55K 362927.3 358336.9 173.462 -90 360 Tartana Zeehan
TNA19AC005 AC 10 GDA94_55K 362938 358322.5 173.236 -90 360 Tartana Zeehan
TNA19AC006 AC 12.6 GDA94_55K 362911.3 358324.9 173.308 -90 360 Tartana Zeehan
TNA19AC007 AC 14.8 GDA94_55K 362894.7 358319 172.834 -90 360 Tartana Zeehan
Hole_ID **Hole_Type ** Max_Depth Orig_Grid Orig_East Orig_North Orig_RL **Collar_Dip ** Collar_Az **Company ** Prospect
ZAC01 AC 9 GDA94_55K 362930.4 358490.7 173.4 -90 360 Pyrosmelt Zeehan
ZAC02 AC 9 GDA94_55K 362919.9 358507.7 173.8 -90 360 Pyrosmelt Zeehan
ZAC03 AC 11 GDA94_55K 362910.5 358524.8 173.8 -90 360 Pyrosmelt Zeehan
ZAC04 AC 8 GDA94_55K 362947.4 358501.2 173.7 -90 360 Pyrosmelt Zeehan
ZAC05 AC 9 GDA94_55K 362937 358518.2 173.7 -90 360 Pyrosmelt Zeehan
ZAC06 AC 11 GDA94_55K 362927.4 358533.6 173.8 -90 360 Pyrosmelt Zeehan
ZAC07 AC 9 GDA94_55K 362963.6 358511.7 174.8 -90 360 Pyrosmelt Zeehan
ZAC08 AC 10 GDA94_55K 362953.9 358528.7 174 -90 360 Pyrosmelt Zeehan
ZAC09 AC 9 GDA94_55K 362979.5 358522.2 174.7 -90 360 Pyrosmelt Zeehan
ZAC10 AC 11 GDA94_55K 362908.7 358410.6 171.8 -90 360 Pyrosmelt Zeehan
ZAC11 AC 9 GDA94_55K 362920.6 358394.4 172 -90 360 Pyrosmelt Zeehan
ZAC12 AC 5 GDA94_55K 362932.4 358378.3 172.4 -90 360 Pyrosmelt Zeehan
ZAC13 AC 8 GDA94_55K 362944.3 358362.2 172.4 -90 360 Pyrosmelt Zeehan
ZAC14 AC 9 GDA94_55K 362956.1 358346.1 172.3 -90 360 Pyrosmelt Zeehan
ZAC15 AC 10.5 GDA94_55K 362968.6 358330.4 172.3 -90 360 Pyrosmelt Zeehan
ZAC16 AC 11.8 GDA94_55K 362954.3 358314.9 172.2 -90 360 Pyrosmelt Zeehan
ZAC17 AC 12 GDA94_55K 362940 358334.3 172.7 -90 360 Pyrosmelt Zeehan
ZAC18 AC 12 GDA94_55K 362928.1 358350.4 172.7 -90 360 Pyrosmelt Zeehan
ZAC19 AC 12 GDA94_55K 362916.3 358366.5 172.7 -90 360 Pyrosmelt Zeehan
ZAC20 AC 8.8 GDA94_55K 362904.8 358383.3 172.1 -90 360 Pyrosmelt Zeehan
ZAC21 AC 12 GDA94_55K 362892.6 358398.7 171.9 -90 360 Pyrosmelt Zeehan
ZAC22 AC 12 GDA94_55K 362884.4 358411.1 171.6 -90 360 Pyrosmelt Zeehan
ZAC23 AC 14 GDA94_55K 362877.1 358387.3 171.9 -90 360 Pyrosmelt Zeehan
ZAC24 AC 14 GDA94_55K 362888.3 358370.8 172.2 -90 360 Pyrosmelt Zeehan
ZAC25 AC 15 GDA94_55K 362901.6 358355.3 172.5 -90 360 Pyrosmelt Zeehan
ZAC26 AC 19.7 GDA94_55K 362912 358338.6 172.4 -90 360 Pyrosmelt Zeehan
ZAC27 AC 18 GDA94_55K 362924.2 358321.3 172.4 -90 360 Pyrosmelt Zeehan
ZAC28 AC 21 GDA94_55K 362907.8 358310.6 172.3 -90 360 Pyrosmelt Zeehan
ZAC29 AC 18 GDA94_55K 362935.1 358308.5 172.3 -90 360 Pyrosmelt Zeehan
ZAC30 AC 15 GDA94_55K 362895.9 358326.7 172.1 -90 360 Pyrosmelt Zeehan
ZAC31 AC 15 GDA94_55K 362884.1 358342.8 172.3 -90 360 Pyrosmelt Zeehan
ZAC32 AC 15 GDA94_55K 362873.5 358359.7 172.3 -90 360 Pyrosmelt Zeehan
ZAC33 AC 15 GDA94_55K 362868.5 358331.5 172.2 -90 360 Pyrosmelt Zeehan
ZAC34 AC 17 GDA94_55K 362879.8 358316.4 172.2 -90 360 Pyrosmelt Zeehan
ZAC35 AC 3 GDA94_55K 362865.2 358399.8 162.1 -90 360 Pyrosmelt Zeehan
ZAC36 AC 3 GDA94_55K 362840.2 358339.2 162.1 -90 360 Pyrosmelt Zeehan

Tartana Resources Limited ABN: 90 126 905 726 169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 16 of 34

==> picture [83 x 56] intentionally omitted <==

Appendix 1. Zeehan Zinc Slag Project Drilling Data – Assay data

Hole_ID From To Width(m) Zn% Pb% **Ag g/t ** Prospect
TNA19AC001 0 8 8 8.13 1.89 54.77 Zeehan
TNA19AC002 0 8 8 10.53 1.76 52.97 Zeehan
TNA19AC003 0 15 15 14.17 1.73 66.9 Zeehan
TNA19AC004 0 12 12 11.37 1.41 47.4 Zeehan
TNA19AC005 0 10 10 10.69 1.53 51.09 Zeehan
TNA19AC006 0 12.6 12.6 16.67 1.5 46.93 Zeehan
TNA19AC007 0 14.8 14.8 16.76 1.45 49.37 Zeehan
Hole_ID From To Width(m) Zn% Pb% **Ag g/t ** Prospect
ZAC01 0 7.5 7.5 13.44 1.7 173.4 Zeehan
ZAC02 0 8.5 8.5 7.84 1.96 55 Zeehan
ZAC03 0 9.4 9.4 11.35 1.72 67.2 Zeehan
ZAC04 0 6.8 6.8 14.13 1.7 48.6 Zeehan
ZAC05 0 8 8 8.4 1.82 53.6 Zeehan
ZAC06 0 9 9 11.2 2.1 71 Zeehan
ZAC07 0 7.5 7.5 9.3 18 67.75 Zeehan
ZAC08 0 8 8 11.16 2.095 72.83 Zeehan
ZAC09 0 7.5 7.5 12.74 1.59 63.63 Zeehan
ZAC10 0 9 9 13.93 1.77 64.88 Zeehan
ZAC11 0 6.8 6.8 13.78 2.48 79.43 Zeehan
ZAC12 0 3 3 13.59 2.82 50.33 Zeehan
ZAC13 0 6 6 11.61 2.73 35.33 Zeehan
ZAC14 0 8.6 8.6 12.51 1.68 55.5 Zeehan
ZAC15 0 7.5 7.5 13.55 1.62 61 Zeehan
ZAC16 0 9.8 9.8 11.69 1.497 48 Zeehan
ZAC17 0 10.6 10.6 11.56 1.74 66.36 Zeehan
ZAC18 0 10 10 11.11 3 66.4 Zeehan
ZAC19 0 11 11 10.48 2.18 68.18 Zeehan
ZAC20 0 8.8 8.8 11.15 1.63 70 Zeehan
ZAC21 0 10 10 14.65 1.93 59.7 Zeehan
ZAC22 0 10.4 10.4 14.84 2.04 57 Zeehan
ZAC23 0 11.8 11.8 13.03 2.34 61.83 Zeehan
ZAC24 0 12.7 12.7 12.09 2.39 63.92 Zeehan
ZAC25 0 13.5 13.5 11.65 1.97 49.07 Zeehan
ZAC26 0 18 18 14.35 1.47 43.77 Zeehan
ZAC27 0 17 17 14.77 1.44 44.05 Zeehan
ZAC28 0 18 18 15.02 1.48 49.5 Zeehan
ZAC29 0 21 21 14.87 1.58 44.95 Zeehan
ZAC30 0 13 13 15.3 1.38 44.38 Zeehan
ZAC31 0 12.8 12.8 17.89 1.42 42.15 Zeehan
ZAC32 0 12.8 12.8 13.48 1.5 52.1 Zeehan
ZAC33 0 14 14 15.57 1.28 50.57 Zeehan
ZAC34 0 15 15 15.73 1.26 50.33 Zeehan
ZAC35 0 3 3 10.45 2.18 28.5 Zeehan
ZAC36 0 3 3 8.65 1.44 30.5 Zeehan

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

==> picture [139 x 95] intentionally omitted <==

Appendix 2.

JORC Code, 2012 Edition – Table 1 Tartana Project

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling (e.g. cut channels, random chips, or Tartana Project:
techniques specific specialised industry standard measurement tools appropriate Sampling of historic 1960s and 1970s reverse circulation (RC) holes was
to the minerals under investigation, such as down hole gamma generally in 3 feet increments and sampling of drill core was generally in
sondes, or handheld XRF instruments, etc). These examples should 10 feet or 30 feet increments, no duplicates, standards or blanks are
not be taken as limiting the broad meaning of sampling. known to have been used.
Include reference to measures taken to ensure sample representivity Sampling of historic 1990s drill core was generally 1 m intervals,
and the appropriate calibration of any measurement tools or systems no duplicates, standards or blanks are known.
used. Details of the sampling of 1990s reverse circulation (RC) drilling is
Aspects of the determination of mineralisation that are Material to the generally not known. The use of duplicates, standards or blanks are not
Public Report. known.
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.
Sample weight of historic sampling is unknown.
Sampling of 2006 reverse circulation (RC) was generally in 1 m
increments. No duplicates, standards or blanks are known to have been
used.
Sampling of 2009 to 2012 drill core was generally in 1 m intervals, no
duplicates, standards or blanks are known to have been used.
submarine nodules) may warrant disclosure of detailed information.
.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

==> picture [83 x 56] intentionally omitted <==

Page 18 of 34

Criteria Criteria JORC Code explanation Commentary
Drilling Drill type (e.g. core, reverse circulation, open hole hammer, rotary air Tartana Project:
techniques blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple
Historic Drilling: Surface drilling only was conducted at Tartana Project
or standard tube, depth of diamond tails, face-sampling bit or other involved Diamond drilling (DD), Reverse circulation (RC) and Rotary Air
type, whether core is oriented and if so, by what method, etc). Blasting (RAB)
Average depth of diamond drilling (DD) was 200m, average depth of
reverse circulation (RC) was 50m and average depth of rotary air
Blasting (RAB) was 20m. No core orientation was carried out.
Drill sample
Method of recording and assessing core and chip sample recoveries
Tartana Project:
recovery and results assessed. Historical core recovery rate has not been recorded.
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
Measures were not taken to maximise sample recovery historically.
Relationship between sample recovery and grade cannot be determined.
2006 RC drilling delivered >87.5% recoveries.
loss/gain of fine/coarse material. 2009 to 2012 DD holes produced >85% recovery in general.
Logging Whether core and chip samples have been geologically and Tartana Project:
geotechnically logged to a level of detail to support appropriate
Mineral Resource estimation, mining studies and metallurgical Some historic drill holes have geological logs attached with their sample
studies. Intervals recordings. Individual samples are not specifically described
Whether logging is qualitative or quantitative in nature. Core (or geologically.
costean, channel, etc) photography.
The total length and percentage of the relevant intersections logged. Geotechnical logging is absent.
Logging is qualitative in nature.
2009 to 2012 DD holes were logged with emphasis on visual of rock types,
amount and percentage of veining and identification of minerals present.
Core was photographed.
Sub-sampling
If core, whether cut or sawn and whether quarter, half or all core
Tartana Project:
techniques taken.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 19 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria Criteria JORC Code explanation Commentary
and sample
If non-core, whether riffled, tube sampled, rotary split, etc and
Historic core preparation has generally not been documented for RC for
preparation whether sampled wet or dry. RAB drilling.
For all sample types, the nature, quality and appropriateness of the
sample preparation technique.
Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
Historic sample nature, quality and appropriateness is generally unknown.
Majority of historic sampling does not include reported quality control
procedures.
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.
Measures to ensure that sampling is representative of in situ material
unknown or may not have been carried out for historic drilling.
Whether sample sizes are appropriate to the grain size of the material
being sampled.
Quality of
The nature, quality and appropriateness of the assaying and
Tartana Project:
assay
data

laboratory procedures used and whether the technique is considered
Nature, quality and appropriateness of assaying and laboratory
and partial or total. procedures are unknown for historic sampling.
laboratory For geophysical tools, spectrometers, handheld XRF instruments, etc,
tests the parameters used in determining the analysis including instrument
make and model, reading times, calibrations factors applied and their
derivation, etc.
2009 to 2012 DD hole samples were assayed by SGS Laboratories
Townsville, Australia
Nature of quality control procedures adopted (e.g. standards, blanks, The use of standards and blanks have not been documented for historic
duplicates, external laboratory checks) and whether acceptable levels
sampling from the drilling and no information is available on their accuracy
of accuracy (i.e. lack of bias) and precision have been established. or precision.
Verification of
The verification of significant intersections by either independent or
Tartana Project:
sampling and
alternative company personnel.
Verification of significant intersections by
assaying The use of twinned holes. Independent for historic drilling was carried out in 2006.
Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.
Discuss any adjustment to assay data.
Original assay sheets as received from the designated SGS laboratory
and are available for 2009 to 2012 drilling programmes.
Depths in historic drill holes are stated in feet and were converted into
metric units using a conversion factor.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 20 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria JORC Code explanation Commentary
Location of
Accuracy and quality of surveys used to locate drill holes (collar and
Tartana Project:
data points down hole surveys), trenches, mine workings and other locations Drill hole positions have been recorded using handheld GPS units which
used in Mineral Resource estimation. were regularly checked against several base station survey points
Specification of the grid system used. established by Kagara Zinc Ltd. The results confirm that the handheld
Quality and adequacy of topographic control. GPS units are within 1 m and 3 m accuracy for x and y co-ordinates and
within 2 m to 4 m for the z co-ordinate.
Drill holes that could not be located due to collar destruction were
estimated by reconstructing the Majestic grid in relation to GDA94 and
measured graphically. These are generally considered to be within 5 m to
10 m of their true position.
Data was captured in Map Grid of Australia GDA 94, Zone 55.
No down hole surveys were carried out except for drilling of two
Outokumpu diamond drill holes. Majority of DD holes are dipping at -60
degrees. Majority of RC are dipping at -45 degrees and majority of RAB
holes are -90 degrees.
Data spacing
Data spacing for reporting of Exploration Results.
Tartana Project:
and Whether the data spacing and distribution is sufficient to establish the Data Spacing varies depending on the era of drilling. Drilling has been
distribution degree of geological and grade continuity appropriate for the Mineral conducted on 100 m x 100 m spacing then dependent on results, the
Resource and Ore Reserve estimation procedure(s) and follow-up drilling was typically on a 50 m x 50 m spacing or 20 m x 20 m
classifications applied. spacing.
Whether sample compositing has been applied. Where spacing is 20 m x 20 m spacing it could be possible to determine
the degree of geological and grade continuity. This is certainly apparent in
the oxide zone where more than half of the orebody has been mined by
open pit mining methods.
No mineral resource has been estimated.
No sample compositing has been applied.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 21 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria JORC Code explanation Commentary
Orientation of
Whether the orientation of sampling achieves unbiased sampling of
Tartana Project:
data in
possible structures and the extent to which this is known, considering
Geological information is not considered complete enough to develop a
relation to
the deposit type.
structural geological model. Mineralisation is defined on the limits of
geological If the relationship between the drilling orientation and the orientation geochemical data primarily from surface DD, RC and RAB drilling over a
structure of key mineralised structures is considered to have introduced a strike length > 600 m.
sampling bias, this should be assessed and reported if material. It is not considered that there is a sampling bias.
Sample The measures taken to ensure sample security. Tartana Project:
security The various companies that drilled at the Tartana Project maintained their
own sample security measures. All sampled core from 2009 – 2012 drilling
was transmitted to Townsville SGS assay laboratories. All remaining core
is stored on site.
Audits or
The results of any audits or reviews of sampling techniques and data.

Tartana Project:
reviews A review of drilling prior to 2006 was carried out by Stevens and
Associates (2006).

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary
Mineral Type, reference name/number, location and ownership including Tartana Project:
tenement and
agreements or material issues with third parties such as joint
TNA holds 100% interest in the Tartana Project and Zeehan Project.
land
tenure
status

ventures, partnerships, overriding royalties, native title interests,
historical sites, wilderness or national park and environmental
settings.
The security of the tenure held at the time of reporting along with any
Tartana Project consists of ML 4819, ML 4820, ML 5312 and ML 20489.
A 1.5% Net Smelter Royalty exists over ML 4819, ML 4820, ML 5312 and
ML 20489.
known impediments to obtaining a licence to operate in the area.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

==> picture [83 x 56] intentionally omitted <==

Page 22 of 34

Criteria JORC Code explanation Commentary
The previously mined Tartana open pit, leach pads, and copper sulphate
production facilities are located on ML 5312.
Exploration Acknowledgment and appraisal of exploration by other parties. Tartana Project and Mt Hess Project:
done by other Historic Exploration carried out by numerous different parties.
parties All Legacy data sources are cited by TNA within company database
structure.
Geology Deposit type, geological setting and style of mineralisation. Tartana Project:
The Tartana project is located on a belt of Silurian and Devonian age
siltstone, fine grained sandstone, chert and limestone rocks (Chillagoe
Formation) that trends north-west and dips steeply to south-east. The
Chillagoe Formation is separated from the Pre-Cambrian Dargalong
Metamorphics by the Palmerville Fault which passes underneath the
Tartana leases and is a regionally extensive, major Basin-forming fault.
Regionally, the same belt of rocks hosts the Red Dome porphyry copper-
gold, Mungana porphyry copper-gold-zinc deposit and the Redcap and
King Vol skarn deposits.
Drill hole
A summary of all information material to the understanding of the
Drill hole information is included in a table within Section 5 of the report.
Information exploration results including a tabulation of the following information
for all 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

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 23 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria JORC Code explanation Commentary
explain why this is the case.
Data In reporting Exploration Results, weighting averaging techniques, Tartana Project:
aggregation maximum and/or minimum grade truncations (e.g. cutting of high Summary significant intersections are included in tables within Section 5
methods grades) and cut-off grades are usually Material and should be stated. of the report. No high grade upper cuts were used as it was not considered
Where aggregate intercepts incorporate short lengths of high grade to be inappropriate at this stage of the exploration programs.
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.
The assumptions used for any reporting of metal equivalent values
Significant intersections were calculated for >0.5% Cu when a minimum
of 3 m downhole at this grade was intersected. >1% Zn significant
intersections were also calculated.
should be clearly stated. No metal equivalents were calculated
Relationship These relationships are particularly important in the reporting of Tartana Project:
between Exploration Results. Mineralisation is defined on the limits of geochemical data primarily from
mineralisation
If the geometry of the mineralisation with respect to the drill hole
surface DD, RC and RAB drilling over a strike length > 600 m.
widths
intercept
lengths
and
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
Geological information is not considered complete enough to develop a
structural geological model.
width not known’). Downhole lengths are reported.
Diagrams Appropriate maps and sections (with scales) and tabulations of Maps and sections are provided within the report.
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.
Balanced Where comprehensive reporting of all Exploration Results is not Details of other exploration results are recorded in Appendix 1 of this
reporting practicable, representative reporting of both low and high grades report.
and/or widths should be practiced to avoid misleading reporting of
Exploration Results.
Other Other exploration data, if meaningful and material, should be reported
Details of other exploration results are recorded in Appendix 1 of this
substantive including (but not limited to): geological observations; geophysical report.
exploration survey results; geochemical survey results; bulk samples – size and
data method of treatment; metallurgical test results; bulk density,
groundwater, geotechnical and rock characteristics; potential

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 24 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria JORC Code explanation Commentary
deleterious or contaminating substances.
Further work The nature and scale of planned further work (e.g. tests for lateral Details of intended exploration activities are recorded in the report.
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.

Tartana Resources Limited ABN: 90 126 905 726 169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 25 of 34

==> picture [83 x 56] intentionally omitted <==

Appendix 2. continued.

JORC Code, 2012 Edition – Table 1 Zeehan Zinc Slag Project

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling (e.g. cut channels, random chips, or
techniques specific specialised industry standard measurement tools appropriate Zeehan Slag Project:
to the minerals under investigation, such as down hole gamma The project comprises two slag dumps (North and South dumps)
sondes, or handheld XRF instruments, etc). These examples should on ML 3M/2017 and which is an historic smelter site. The slag is a
not be taken as limiting the broad meaning of sampling. smelter product which is amorphous and silica-rich and is difficult
Include reference to measures taken to ensure sample representivity to physically beneficiate.
and the appropriate calibration of any measurement tools or systems In 2019 Tartana Resources (“TNA”) completed a drilling
used. programme involving 7 vertical air core (AC) drill holes. Samples
Aspects of the determination of mineralisation that are Material to the
Public Report.
were collected at 1 m intervals down hole. Samples were logged
and sent to ALS (Burnie) for assay and weighing.
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
The TNA programme supplemented as well as provided
verification of an earlier (1992) drilling programme conducted by
Pyrosmelt NL which completed 36 vertical air core (AC) drill holes.
Samples were also collected at 1m interval down hole and
analysed for base metals.
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 hammer, rotary air Zeehan Project:
techniques blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple
Air core (AC) drill holes using a conventional 3 inch face sampling
or standard tube, depth of diamond tails, face-sampling bit or other blade to a nominal depth.
type, whether core is oriented and if so, by what method, etc).
Drill sample
Method of recording and assessing core and chip sample recoveries
Zeehan Project:
recovery and results assessed. 9 vertical air core (AC) drill holes completed into North slag dump
Measures taken to maximise sample recovery and ensure and 27 vertical air core drill holes completed into South slagdump.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 26 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria Criteria JORC Code explanation Commentary
representative nature of the samples. Sample recovery was reported to be high and there was no known
Whether a relationship exists between sample recovery and grade sample bias.
and whether sample bias may have occurred due to preferential TNA has drilled a further 7 air core (AC) drill holes. Sample
loss/gain of fine/coarse material. recovery was visually assessed, samples weighed and recorded.
No known sample bias.
Logging Whether core and chip samples have been geologically and Zeehan Project:
geotechnically logged to a level of detail to support appropriate Limited variation in material as the dumps are relatively
Mineral Resource estimation, mining studies and metallurgical homogeneous. Basic descriptive logs.
studies.
Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography.
The total length andpercentage of the relevant intersections logged.
Sub-sampling
If core, whether cut or sawn and whether quarter, half or all core
Zeehan Project:
techniques taken. No sub sampling.
and sample
If non-core, whether riffled, tube sampled, rotary split, etc and
preparation whether sampled wet or dry.
For all sample types, the nature, quality and 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 assaying and
Zeehan Project:
assay data
laboratory procedures used and whether the technique is considered
1992 samples were analysed for zinc, lead and silver by Analabs
and partial or total. in Tasmania by peroxide fusion digest and an AAS finish.
laboratory For geophysical tools, spectrometers, handheld XRF instruments, etc,
10% of the samples were duplicated in the field to check assay
tests the parameters used in determining the analysis including instrument precision.
make and model, reading times, calibrations factors applied and their A further 40 sample duplicates were analysed by the same
derivation, etc. technique at Australian Assay Laboratories to check for assay
Nature ofquality controlprocedures adopted(e.g. standards, blanks, accuracy.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

==> picture [83 x 56] intentionally omitted <==

Page 27 of 34

Criteria JORC Code explanation Commentary
duplicates, external laboratory checks) and whether acceptable levels
of accuracy (i.e. lack of bias) and precision have been established. 2019 samples were submitted to ALS laboratory in Brisbane for
analysis.
Once dried and pulverised, AC samples were analysed with by
aqua regia digest, ICP-MS and XRF.
Field QAQC of 15 standards, blanks, duplicates were inserted into
the 100 samples. Assay results have been satisfactory and
demonstrate an acceptable level of accuracy and precision.
Laboratory QAQC involves the use of internal certified reference
standards, blanks, splits and replicates. Analysis of these results
also demonstrate an acceptable level of precision and accuracy.
Verification of
The verification of significant intersections by either independent or
2019 drilling intersections were visually field verified by TNA
sampling and
alternative company personnel.
geologist.
assaying The use of twinned holes. No twinned holes have been drilled but recently drilling was drilled
Documentation of primary data, data entry procedures, data between 4 drill hole locations of the earlier 1992 drill hole collars.
verification, data storage (physical and electronic) protocols. Drill holes data is verified in MS excel before importing into MS
Discuss any adjustment to assay data. Access. Maptek Vulcan software also has internal validation
checks before importing.
Assay values that were below detection limit were adjusted to 1/10
of the detection limit value.
Location of
Accuracy and quality of surveys used to locate drill holes (collar and
Zeehan Project:
data points down hole surveys), trenches, mine workings and other locations Drilling completed on a nominal 20 m x 20 m spacing through the
used in Mineral Resource estimation. dumps. Both Coffey Geosciences Pty Ltd and Pyrosmelt NL
Specification of the grid system used. modelled the surface of the dumps using drill hole data.
Quality and adequacy of topographic control. The grid system is MGA 94 Zone 55.
An aerial photogrammetry topographic survey was flown in 2019.
A 10 cm resolution was used rather than the 5 cm for Mineral
Resource estimation and is considered appropriate. A BCM
volume of 160,675 was calculated from both slag dumps.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 28 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria JORC Code explanation Commentary
Data spacing
Data spacing for reporting of Exploration Results.
Zeehan Project:
and Whether the data spacing and distribution is sufficient to establish the Drilling completed on a nominal 20 m x 20 m spacing through the
distribution degree of geological and grade continuity appropriate for the Mineral dumps. Both Coffey Geosciences Pty Ltd and Pyrosmelt NL
Resource and Ore Reserve estimation procedure(s) and modelled the surface of the dumps using drill hole data.
classifications applied. Further drilling in 2019 means drilling has now been completed on
Whether sample compositing has been applied. a nominal 10 m x 10 m spacing through the dumps.
There is sufficient continuity in grade for a Mineral Resource
estimation and classification applied under the Australasian Code
for the Reporting of identified Mineral Resources and Ore
Reserves (JORC 2012).
No sample compositing has been applied.
Orientation of
Whether the orientation of sampling achieves unbiased sampling of
Zeehan Project:
data in
possible structures and the extent to which this is known, considering
Not applicable to slag dumps.
relation to
the deposit type.
geological If the relationship between the drilling orientation and the orientation
structure of key mineralised structures is considered to have introduced a
sampling bias, this should be assessed and reported if material.
Sample The measures taken to ensure sample security. Zeehan Project:
security 1992 Zeehan slag dump samples considered to be high between
site and Analabs Tasmania and Australian Assay Laboratories.
2019 Zeehan slag dump samples considered to be high between
site and ALS Laboratories.
Audits or
The results of any audits or reviews of sampling techniques and data.

Zeehan Project.
reviews No audit or review of slag dump drilling.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 29 of 34

==> picture [83 x 56] intentionally omitted <==

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria Criteria JORC Code explanation Commentary
Mineral Type, reference name/number, location and ownership including Zeehan Project:
tenement and
agreements or material issues with third parties such as joint
Zeehan project consists of ML 3M/2017 currently held by Intec
land tenure
ventures, partnerships, overriding royalties, native title interests,
Zeehan Residues Pty Ltd which is 100% held subsidiary of TNA.
status historical sites, wilderness or national park and environmental
settings.
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.
Exploration Acknowledgment and appraisal of exploration by other parties. Zeehan Project:
done by other Pyrosmelt NL., Coffeys
parties
Geology Deposit type, geological setting and style of mineralisation. Zeehan Project:
Relatively homogenous dumps of slag from historic smelter –
hence limited geological relevance.
Drill hole
A summary of all information material to the understanding of the
Drill hole information is included in a table within Section 5 of the
Information exploration results including a tabulation of the following information report.
for all 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.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 30 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria JORC Code explanation Commentary
Data In reporting Exploration Results, weighting averaging techniques,
aggregation
methods
maximum and/or minimum grade truncations (e.g. cutting of high
grades) and cut-off grades are usually Material and should be stated.
No metal equivalents were calculated
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.
The assumptions used for any reporting of metal equivalent values
should be clearly stated.
Relationship These relationships are particularly important in the reporting of Zeehan Project:
between Exploration Results. Not applicable to slag dumps due homogenous nature of dumps.
mineralisation
If the geometry of the mineralisation with respect to the drill hole
widths and
angle is known, its nature should be reported.
intercept If it is not known and only the down hole lengths are reported, there
lengths 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 tabulations of Maps and sections are provided within Section 5 of this report.
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.
Balanced Where comprehensive reporting of all Exploration Results is not Details of other exploration results are recorded in Section 5 of this
reporting practicable, representative reporting of both low and high grades report.
and/or widths should be practiced to avoid misleading reporting of
Exploration Results.
Other Other exploration data, if meaningful and material, should be reported
Details of other exploration results are recorded in Section 5 of this
substantive including (but not limited to): geological observations; geophysical report.
exploration survey results; geochemical survey results; bulk samples – size and
data method of treatment; metallurgical test results; bulk density,
groundwater, geotechnical and rock characteristics; potential
deleterious or contaminating substances.
Further work The nature and scale of planned further work (e.g. tests for lateral Details of intended exploration activities are recorded in the
extensions or depth extensions or large-scale step-out drilling). Section 4.4 Exploration Budget of this report.
Diagrams clearly highlighting the areas ofpossible extensions,

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

==> picture [83 x 56] intentionally omitted <==

Page 31 of 34

Criteria JORC Code explanation Commentary
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)

Criteria JORC Code explanation Commentary
Database Measures taken to ensure that data has not been corrupted by, for Zeehan drill hole data is stored in MS Access database and hand
integrity example, transcription or keying errors, between its initial collection drawn drill hole logs are stored in scanned digital form.
and its use for Mineral Resource estimation purposes. Data validation checks are routinely run when data is interpreted
Data validation procedures used. in 3D visualization and modelling software.
A cross-check of historical Zeehan collar coordinates in the
database against original drill hole plans was performed in 2019.
Site visits Comment on any site visits undertaken by the Competent Person and
Breakaway Mining Services has conducted a site visit as part of
the outcome of those visits. 2019 drilling campaign
If no site visits have been undertaken indicate why this is the case. The CP is of the opinion that this work has all been completed in
line with industry best practice and to an appropriate standard for
the mineral resource reported.
Geological Confidence in (or conversely, the uncertainty of) the geological No geology is relevant at the Zeehan Project as it comprises
interpretation interpretation of the mineral deposit. dumps of smelter slag.
Nature of the data used and of any assumptions made. Previous mining records, the original drill logs from a 29 hole
The effect, if any, of alternative interpretations on Mineral Resource programme conducted in 1992, numerous reports including pre-
estimation. JORC ore resource estimations, independent slag bulk density
The use of geology in guiding and controlling Mineral Resource
estimation.
and stockpile surveys/ Recent site inspections have helped to
guide the most recent 7 Drill hole program of 2019. This new
The factors affecting continuity both of grade and geology. information from drilling has improved the bulk density of historical
drilling, the number of samples and confirmed the grade tenors
encountered in the historical drilling. A recent photogrammetry
survey has also conducted over the two slag dumps.
Dimensions The extent and variability of the Mineral Resource expressed as The modelling domain containing the Zeehan Project has a North
length(along strike or otherwise), plan width, and depth below SlagDumpof nominally60 m x 45 m and a South SlagDumpof

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 32 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria JORC Code explanation Commentary
surface to the upper and lower limits of the Mineral Resource. nominally 125 m x 125 m. The maximum vertical extent of the
smelter slag is 20 m.
Estimation
of
the
dumps
volume
is
supported
by
a
photogrammetry survey completed in April 2019. The base of the
dumps is well constrained by drilling and edge surveying.
Estimation The nature and appropriateness of the estimation technique(s) The smelter slag is present as two separately located slag dumps.
and modelling
applied and key assumptions, including treatment of extreme grade
These two domains defined by surface photogrammetry survey
techniques values, domaining, interpolation parameters and maximum distance and depth of drilling intersecting the natural soil profile surface
of extrapolation from data points. If a computer assisted estimation below the smelter slag. lnverse Distance (lVD) interpolation with
method was chosen include a description of computer software and an equal distance ellipsoid search was used to estimate Pb, Ag
parameters used. and Zn grades in the two domains.
The availability of check estimates, previous estimates and/or mine BMS has calculated the Mineral Resources on the bearing of 360
production records and whether the Mineral Resource estimate takes degrees. The Mineral Resources have been estimated within an
appropriate account of such data. area with approximately 15-20 m x 15-20 m drill density.
The assumptions made regarding recovery of by-products. The block dimensions used in the model were 25 m NS x 25m EW
Estimation of deleterious elements or other non-grade variables of
economic significance (e.g. sulphur for acid mine drainage
characterisation).
In the case of block model interpolation, the block size in relation to
the average sample spacing and the search employed.
Any assumptions behind modelling of selective mining units.
Any assumptions about correlation between variables.
Description of how the geological interpretation was used to control
the resource estimates.
Discussion of basis for using or not using grade cutting or capping.
x 5 m vertical with sub-cells of 5 m x 5 m x 1 m
A rotation of 0 degrees Bearing, 0 degrees Plunge and 0 degrees
Dip were applied to the blocks.
The grade variables populated in the block model were Zn, Ag,
Pb.
Discretisation steps of 3 x 3 x 3 were used.
No assumptions were made using recovery of by-products or
estimations of non-grade variables.
No assumptions were made on selective mining units or
correlation between variables
The process of validation, the checking process used, the comparison
of model data to drill hole data, and use of reconciliation data if
available.
Moisture Whether the tonnages are estimated on a dry basis or with natural Tonnages in the model are estimated on a dry in-situ basis.
moisture, and the method of determination of the moisture content.
Cut-off The basis of the adopted cut-off grade(s) or quality parameters No high grade cuts were applied. The estimate has been reported
parameters applied. at zero cut-off grade which is appropriate for a slag dump where
selective mining is not possible.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 33 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria JORC Code explanation Commentary
Mining factors
Assumptions made regarding possible mining methods, minimum
No Mining factors were assumed in the Mineral Resource
or mining dimensions and internal (or, if applicable, external) mining Estimate.
assumptions dilution. It is always necessary as part of the process of determining
reasonable prospects for eventual economic extraction to consider
potential mining methods, but the assumptions made regarding
mining methods and parameters when estimating Mineral Resources
may not always be rigorous. Where this is the case, this should be
reported with an explanation of the basis of the mining assumptions
made.
Metallurgical The basis for assumptions or predictions regarding metallurgical A trial sample (5,000 tonnes) was excavated in January 2018 and
factors or
amenability. It is always necessary as part of the process of
processed in Nyrstar’s Port Pirie Smelter in South Australia.
assumptions determining reasonable prospects for eventual economic extraction to
Tartana was advised that the processing performance of the slag
consider potential metallurgical methods, but the assumptions met Nyrstar’s expectations.
regarding metallurgical treatment processes and parameters made
when reporting Mineral Resources may not always be rigorous.
Where this is the case, this should be reported with an explanation of
the basis of the metallurgical assumptions made.
Environmen- Assumptions made regarding possible waste and process residue No environmental factors were assumed in the Mineral Resource
tal factors or
disposal options. It is always necessary as part of the process of
estimate.
assumptions determining reasonable prospects for eventual economic extraction to
consider the potential environmental impacts of the mining and
processing operation. While at this stage the determination of
potential environmental impacts, particularly for a greenfields project,
may not always be well advanced, the status of early consideration of
these potential environmental impacts should be reported. Where
these aspects have not been considered this should be reported with
an explanation of the environmental assumptions made.
Bulk density Whether assumed or determined. If assumed, the basis for the TNA carried out 16 pulp density measurements at ALS
assumptions. If determined, the method used, whether wet or dry, the
Laboratories in Burnie, Tasmania by specific gravity-displacement
frequency of the measurements, the nature, size and method. A median value of 4.08 t/m3was taken from dry weight
representativeness of the samples. drilling samples from the 2019 drilling which represents an upper
The bulk density for bulk material must have been measured by limit of estimated bulk density.
methods that adequately account for void spaces (vugs, porosity, Bulk density pit sample work carried out by Coffey in 2000 is
etc), moisture and differences between rock and alteration zones considered to be more representative of the total bulk density. A

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032

Page 34 of 34

==> picture [83 x 56] intentionally omitted <==

Criteria JORC Code explanation Commentary
within the deposit. bulk density of 2.92 t/m3was estimated from truck weights and
Discuss assumptions for bulk density estimates used in the surveys of, taking into consideration of porosity and void cracks
evaluation process of the different materials. within the dumps. This value was used for the Resource Estimate.
Classification The basis for the classification of the Mineral Resources into varying The classification of blocks was defined by constructing
confidence categories. smoothed, realistic 3D solids that define regions of high to medium
Whether appropriate account has been taken of all relevant factors confidence in grade and continuity.
(i.e. relative confidence in tonnage/grade estimations, reliability of The Resource is classified as Indicated Resource within areas of
input data, confidence in continuity of geology and metal values, reasonable drill spacing (15-20m x 15-20m) due to the well
quality, quantity and distribution of the data). documented continuity and predictability of Zinc grades, well
Whether the result appropriately reflects the Competent Person’s constrained density estimates and well constrained volume
view of the deposit. estimates.
Audits or
The results of any audits or reviews of Mineral Resource estimates.
A review of the Mineral Resource estimate has been undertaken
reviews by Dr Stuart Munroe from SRK Consulting Ltd.
Discussion of
Where appropriate a statement of the relative accuracy and
relative confidence level in the Mineral Resource estimate using an approach
accuracy/
confidence
or procedure deemed appropriate by the Competent Person. For
example, the application of statistical or geostatistical procedures to
quantify the relative accuracy of the resource within stated confidence
limits, or, if such an approach is not deemed appropriate, a qualitative
discussion of the factors that could affect the relative accuracy and


The Zeehan Project has been tested with high quality drilling
sampling and assaying. Drilling and logging has defined the base
of the smelter slag to provide an accurate volume. The bulk of the
deposit has been classified as indicated Mineral Resource.
These Resource estimates are Global in nature until relevant
confidence of the estimate.
The statement should specify whether it relates to global or local
tonnages and relevant technical and economic evaluations have
been undertaken in further sections of the Australasian Code for
estimates, and, if local, state the relevant tonnages, which should be
relevant to technical and economic evaluation. Documentation should
include assumptions made and the procedures used.

the Reporting of identified Mineral Resources and Ore Reserves
(JORC 2012).
These statements of relative accuracy and confidence of the estimate
should be compared withproduction data, where available.

Tartana Resources Limited ABN: 90 126 905 726

169 Blues Point Road, McMahons Point NSW 2060 // Phone: +61 2 9392 8032