SUNSTONE METALS LTD — Capital/Financing Update 2020

Jun 25, 2020

26 JUNE 2020

Update from Copperstone Resources (Sunstone: 25% stake)

Drilling at Viscaria hits 7.1m at 3.8% copper. Plus, exploration resumes at Bramaderos Project, Ecuador

Highlights of Viscaria Drilling by Copperstone (Sunstone holds ~25%)

• Multiple high-grade copper intersections reported from the D Zone orebody at the Viscaria Copper Project in northern Sweden:
  • 18.9m at 1.3% copper from 468.1m in VDD 212
  • 7.1m at 3.8% copper from 615.2m in VDD 213, including; • 0.6m at 20.1% copper from 617.6m in VDD 213
  • 9.3m at 1.0% copper from 689.5m in VDD 215
• The VDD 213, 214 and 215 intersections are outside of the area of the existing Mineral Resource estimate
• Copperstone has completed an 8,000m drilling program at Viscaria and is expecting to resume drilling in Q3 2020 to follow-up on these strong results at D Zone and to drill at the A Zone and B Zone orebodies as a component of the ongoing feasibility study

Company Highlights

• Sunstone holds ~25% of NASDAQ First North Stockholm-listed Copperstone Resources AB (NASDAQ: COPP B), with that interest valued at ~A$16.8 m, with potential for further deferred consideration of ~A$7.9m; Copperstone has a market capitalisation of ~A$66.7m
• Sunstone has A$3.7m cash on hand
• Exploration has resumed at the Bramaderos gold-copper project, with targets being refined
• Drilling expected to start at Bramaderos in September

Sunstone Metals (ASX: STM) is pleased to announce further outstanding drilling results from the Viscaria Copper Project in northern Sweden.

Viscaria is owned by NASDAQ Stockholm-listed Copperstone Resources AB, in which Sunstone has a ~25 per cent stake. Sunstone is actively involved in Copperstone through board representation and participation in the Copperstone Technical Committee. Copperstone has a market capitalisation of ~A$66.7 million (at a share price of 0.676 SEK).

Sunstone's interest in Copperstone is currently valued at ~A$16.8 million, compared to Sunstone's market capitalisation at close on June 25, 2020 of A$13.3million (at a share price of A$0.006). Sunstone's unaudited cash position at 25 June 2020 was A$3.7 million.

Sunstone has further exposure to success at Viscaria, with Copperstone to make a Stage 2 payment to Sunstone of 20 MSEK (~A$3.1 million) and issue Sunstone 46 million COPP B shares (valued at ~A$4.8 million) upon issuance of an Environmental Permit for the development of Viscaria. We are encouraged that Copperstone has recently appointed a highly credentialed Head of Environment and Sustainability and is focussed on advancing the work program towards delivery of an Environmental Permit.

Eight diamond drill holes have now been completed on the Viscaria D Zone North shoot in the past eight months and the results to date strongly reinforce the interpreted geometry of thicker and higher-grade steep shoots extending to depth. It is expected that multiple shoots will be defined as drilling progresses.

Drill Hole	From (m)	To (m)	Interval (m)	Cu (%)
VDD 212	462.8	498.2	35.4	0.7
including	468.1	487.0	18.9	1.3
VDD 213	591.2	648.0	56.8	0.9
	602.0	605.0	3	1.6
	612.0	626.0	14.0	2.3
	615.2	622.3	7.1	3.8
including	615.2	619.8	4.6	5.3
including	617.6	618.2	0.6	20.1
VDD 214	751.4	756.0	4.6	1.4
VDD 215	660.9	709.0	48.1	0.5
including	689.5	709.0	19.5	0.8
including	689.5	698.8	9.3	1.0

Table 1: Assay results for drill holes VDD 212 to 215

The intervals presented are down hole widths, and true widths are expected to be approximately 60% of the downhole width.

Copperstone has released a detailed announcement on these results and on future plans for further drilling. Please see https://www.copperstone.se/press or http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE38904

Ecuador Update

Exploration has resumed at the Bramaderos gold-copper project in southern Ecuador, with targets being refined through desktop assessments of re-processed data, and through new exploration programs including trenching, detailed mapping and rock chip sampling, and detailed soil sampling. Drilling is expected to start at Bramaderos in September. Sunstone is in close contact with local stakeholders to manage the exploration program and manage the risks associated with the coronavirus pandemic. Some restrictions have been eased in Ecuador to support a re-opening of the economy.

Figure 1: Location of D Zone at the Viscaria Copper Project

Figure 2: Location of VDD 212, 213, 214, and 215 on schematic long section showing Cu grade (%) x interpreted true ore zone thickness contours for D Zone ironstone hosted copper mineralisation at the Viscaria Copper Project. Quoted intercepts are downhole intervals. Southwest plunging lenses of improving grade and thickness at depth are being defined as further drilling is undertaken. The 2015 Mineral Resource estimate includes data from holes up to VDD 194 only.

HOLEID	PROSPECT	EASTING(RT90)	NORTHING(RT90)	RL (m)	DEPTH (m)	STARTDATE	ENDDATE
VDD0201	A zone	1680994	7536464	535	151.8	17/09/2019	20/09/2019
VDD0202	A zone	1680869	7536368	524	70	20/09/2019	21/09/2019
VDD0203	A zone	1680955	7536432	528	130.3	22/09/2019	01/10/2019
VDD0204	A zone	1680853	7536287	523	131.2	02/10/2019	04/10/2019
VDD0205	D zone	1681009	7536926	535	929.3	04/10/2019	31/10/2019
VDD0206	D zone	1680606	7536605	518	829.8	31/10/2019	09/11/2019
VDD0207	D zone	1680912	7536973	522	854.2	20/11/2019	09/12/2019
VDD0208	B zone	1680757	7536202	524.5	476.9	10/12/2019	16/12/2019
VDD0209	A zone	1680808	7536292	523	132	16/12/2019	19/12/2019
VDD0210	D zone	1680896	7537006	524	731.3	07/01/2020	23/01/2020
VDD0211	D zone	1681003	7537098	535	703.9	24/01/2020	09/02/2020
VDD0212	D zone	1681006	7537160	528	599	11/02/2020	25/02/2020
VDD0213	D zone	1681041	7537130	536	691.8	26/02/2020	11/03/2020
VDD0214	D zone	1680902	7536936	524	763.2	11/03/2020	31/03/2020
VDD0215	D zone	1681058	7537103	540	750.5	01/04/2020	18/04/2020
				Total	7945.2

Table 2: Drill hole details. Viscaria A, B, and D zone 2019-2020 drilling data.

About Sunstone Metals

Sunstone has an advanced portfolio of exploration and development projects in Scandinavia and Ecuador. The portfolio comprises:

• 1. The Bramaderos Gold-Copper Project where Sunstone owns an 87.5% interest with TSXV listed Cornerstone Capital Resources holding 12.5% (see ASX announcement dated 10th April 2017, 28th August 2019, and 7 January 2020). The Bramaderos gold-copper project is located in Loja province, southern Ecuador, and is considered to be highly prospective for the discovery of large porphyry gold-coppersystems, and high-grade epithermal gold systems. Historical exploration results from drilling at Bramaderos together with recent exploration by Sunstone and joint venture partner Cornerstone Capital Resources (TSXV:CGP) indicate multiple fertile mineralised systems with significant discovery potential.
• 1. Sunstone has a significant equity interest of ~25% in Stockholm listed Copperstone Resources (COPP-B.ST) following the sale of the Viscaria Copper project to Copperstone in 2019. Sunstone has further exposure to success at Viscaria, with Copperstone to make a Stage 2 payment to Sunstone of 20 MSEK (~A$3.1 million) and issue Sunstone an additional 46 million COPP B shares (valued at ~A$4.8 million) upon issuance of an Environmental Permit for the development of Viscaria.
• 1. The Southern Finland Gold Project includes the Satulinmäki gold prospect. Shallow diamond drilling was completed by the Geological Survey of Finland (GTK) during the period 2000-2005 and this was followed by a 7-hole diamond drilling program by Sunstone Metals in 2016. Intersections from GTK include 18m @ 4.1g/t Au from 50m downhole, including 3m @ 9.3g/t Au, and 4m @ 10.3g/t Au in drill hole R391. Intersections by Sunstone include 23.5m at 3.3g/t in SMDD007 and 2m at 10.5g/t in SMDD005. The Satulinmäki gold prospect is part of an earn-in JV with Canadian company Nortec Minerals, where Sunstone holds an ~82% interest, is funding on-going work, and has also acquired a significant land position, in its own right, in the district.
• 1. The Scandinavian Lithium Project includes the Kietyönmäki lithium prospect. Drilling by Sunstone has delivered 24.2m at 1.4% Li2O in a spodumene-bearing pegmatite. Kietyönmäki is also part of the JV with Nortec Minerals.

Competent Persons Statement

The information in this report that relates to exploration results is based upon information reviewed by Mr Malcolm Norris who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Norris is a full-time employee of Sunstone Metals Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Norris consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Mr Malcolm Norris, Managing Director of Sunstone Metals Ltd., has authorised this announcement to be lodged with the ASX.

For further information, please visit www.sunstonemetals.com.au Mr Malcolm Norris Managing Director Sunstone Metals Ltd Tel: 07 3368 9888 Email: mnorris@sunstonemetals.com.au

APPENDIX TABLE 1 – Section 1: Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Samplingtechniques	•Nature and quality of sampling (e.g. cut channels,random chips, or specific specialised industry standardmeasurement tools appropriate to the minerals underinvestigation, such as downhole gamma sondes, orhandheld XRF instruments, etc.). These examples shouldnot be taken as limiting the broad meaning of sampling.	• The results announced here are from diamond drill coresamples. The sampling was carried out using half core,generally at 1m intervals and where appropriatesampled to no less than 0.3m intervals.
	•Include reference to measures taken to ensure samplerepresentivity and the appropriate calibration of anymeasurement tools or systems used.	• Core recovery was good, and core aligned prior tosplitting.
	•Aspects of the determination of mineralisation that areMaterial to the Public Report. In cases where 'industrystandard' work has been done this would be relativelysimple (e.g. 'reverse circulation drilling was used toobtain 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 thereis coarse gold that has inherent sampling problems.Unusual commodities or mineralisation types (e.g.submarine nodules) may warrant disclosure of detailedinformation.	• Diamond drilling was used to obtain ~1m samples (seefirst point above) from which 3-5 kg was sent to thelaboratory to be pulverised to produce a 250g sample.Then a 50g portion of this sample was then used formulti-element analysis using ALS ME-ICP81x.
Drillingtechniques	•Drill type (egcore, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc) anddetails (e.g. core diameter, triple or standard tube, depthof diamond tails, face-sampling bit or other type,whether core is oriented and if so, by what method, etc).	• The diamond core was HQ (63.5mm) and NQ (47.6mm) in size (diameter).
Drill samplerecovery	•Method of recording and assessing core and chip samplerecoveries and results assessed.•Measures taken to maximise sample recovery and ensure	• Diamond core recovery data for this drilling wasmeasured for each drill run and captured in a digitallogging software package. The data has been reviewedand core recovery was approximately 100% throughout.• Core recovery was good, no extra measures were taken
	representative nature of the samples.	to maximise sample recovery.
	•Whether a relationship exists between sample recoveryand grade and whether sample bias may have occurreddue to preferential loss/gain of fine/coarse material.	• No relationship between sample recovery and grade hasbeen established.
Logging	•Whether core and chip samples have been geologicallyand geotechnically logged to a level of detail to supportappropriateMineralResourceestimation,miningstudies and metallurgical studies.	• Drill samples were logged for lithology, weathering,structure,mineralogy,mineralisation,colour,geotechnical attributes, and other features. Logging andsampling were carried out according to Copperstone'sinternal protocols and QAQC procedures which complywith industry standards.
	•Whether logging is qualitative or quantitative in nature.Core (or costean, channel, etc.) photography.	• Drill samples are logged for lithology, weathering,structure,mineralogy,mineralisation,colour,geotechnical attributes and other features. Core isphotographed both wet and dry.
	•The total length and percentage of the relevantintersections logged.	• All drill holes are logged in full, from start to finish ofthe hole.
Sub-samplingtechniques and	•If core, whether cut or sawn and whether quarter, half orall core taken.	• Half core was used to provide the samples that wereassayed and reported here. Quarter core samples weretaken ~1 in every 28 samples for duplicate sampling.The remaining core is left in the core trays.

ASX ANNOUNCEMENT -

Criteria	JORC Code explanation	Commentary
samplepreparation	• If non-core, whether riffled, tube sampled, rotary split,etc. and whether sampled wet or dry.	• Core samples collected.
	For all sample types, the nature, quality andappropriateness of the sample preparation technique.	• Samples were sent to the ALS Sample PreparationFacility in Pitea, Sweden for sample preparation. Thestandard ALS sample preparation for drilling samplesis: drying the sample, crushing to size fraction 75%>2mm and split the sample to 250g portion by riffle orBoyd rotary splitter. The 250g sample is then pulverisedto 85% passing 75 microns and then split into two 50gpulp samples. Then one of the pulp samples was sent tothe Dublin ALS laboratory for base metal analysis.• The sample preparation is carried out according toindustry standard practices using highly appropriatesample preparation techniques.
	Quality control procedures adopted for all sub-samplingstages to maximise representivity of samples.	· Copperstone used an industry standard QAQCprogramme involving Certified Reference Materials"standards" and blank samples, which were introducedin the assay batches.• Standards (Certified Reference Materials) or analyticalblanks were submitted at a rate of 1 in 20 samples. Fieldduplicates were also taken at a rate of approximately 1in 20 samples.• The check or duplicate assay results are reported alongwith the sample assay values in the final analysis report.
	Measures taken to ensure that the sampling isrepresentative of the in-situ material collected, includingfor instance results for field duplicate/second-halfsampling.	• For diamond core, the routine sample procedure is toalways take the half/quarter core to the right of theorientation line (looking down hole) or the cut line (incases where the orientation line was not reliable).• Once assay results are received the results fromduplicate samplesare comparedwiththecorresponding routine sample to ascertain whether thesampling is representative.
	Whether sample sizes are appropriate to the grain size of$\bullet$the material being sampled.	Sample sizes are considered to be appropriate for thestyle of sampling undertaken and the grainsize of thematerial, and correctly represent the style and type ofmineralisation at the exploration stage.
Quality of assaydata andlaboratory tests	• The nature, quality and appropriateness of the assayingand laboratory procedures used and whether thetechnique is considered partial or total.	Copperstone used assay method ME-ICP81, whichinvolves sample decomposition by sodium peroxidefusion. They are then analysed by ICP-AES. Thelower detection limit for copper using ME-ICP81 is$0.005%$ and the upper detection limit is 50%This analysis technique is considered suitable for this٠style of mineralisation.
	• For geophysical tools, spectrometers, handheld XRFinstruments, etc., the parameters used in determining theanalysis including instrument make and model, readingtimes, calibrations factors applied and their derivation,etc.	Data from other measurement tools/instruments are$\bullet$not reported here.
	• Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy (i.e.lack of bias) and precision have been established.	Standards, blanks and duplicates are inserted $\sim$ 1/20samples. The values of the standards range from lowto high grade and are considered appropriate tomonitor performance of values near cut-off and nearthe mean grade of the deposit.The check sampling results are monitored, and٠performance issues are communicated to thelaboratory if necessary.
	The verification of significant intersections by either٠independent or alternative company personnel.	Procedure checks have been completed by the$\bullet$Competent Person for exploration results for thisannouncement.

- ASX ANNOUNCEMENT -

Criteria	JORC Code explanation	Commentary
Verification of	The use of twinned holes.	Twin holes have not been drilled in this area.
sampling andassaying	Documentation of primary data, data entry procedures,data verification, data storage (physical and electronic)protocols.	Copperstone sampling data were imported and$\bullet$validated using Excel.
	Discuss any adjustment to assay data.	• Assay data were not adjusted. Core loss intervals areassigned assay values of zero where present.
Location of datapoints	Accuracy and quality of surveys used to locate drill holes$\bullet$(collar and down-hole surveys), trenches, mine workingsand other locations used in Mineral Resource estimation.	Sample co-ordinates are located by GPS and measuredalong the length of the trench.
	Specification of the grid system used.	RT90 Map projection parameters:$\bullet$
		ParameterValue
		Reference EllipsoidBessel 1841
		Semi Major Axis6377397.155 m
		Inverse Flattening (1/f)299.1528128
		Gauss-KrügerType of Projection(TransverseMercator)
		E15°48'29.8"(2.5 gon West ofCentral Meridian:the StockholmObservatory)
		Latitude of Origin$0^{\circ}$
		Scale on Central1Meridian
		0 mFalse Northing
		1500000 mFalse Easting
		RT90 gon vast (west) 2.5 grid north is situated 4.01°to the east of True North
	Quality and adequacy of topographic control.$\bullet$	The topographic surface was taken from LIDAR data$\bullet$(airborne laser scanning) that was purchased fromLantmäteriet (the Swedish mapping, cadastral and landregistration authority). Data point resolution is 0.5 permetre square and is specified as accurate to 20cm inelevation on distinct surfaces and 60cm in planimetry.The level of accuracy of the LIDAR topographicsurface was considered adequate for the purposes ofresource estimation. The LIDAR topographic surfacehas also been verified by the many Differential GPScollar survey co-ordinates.
Data spacing anddistribution	• Data spacing for reporting of Exploration Results.	• The samples were collected from two diamond drillholes from the Viscaria project, with sampling intervalapproximately 1m.
	Whether the data spacing, and distribution is sufficientto establish the degree of geological and gradecontinuity appropriate for the Mineral Resource and OreReserve estimation procedure(s) and classificationsapplied.	• Sufficient continuity in both geology andmineralisation has been established to support theclassification of the Company's existing MineralResources under JORC Code 2012.
	Whether sample compositing has been applied.	• No sample compositing was done.
Orientation ofdata in relation	Whether the orientation of sampling achieves unbiasedsampling of possible structures and the extent to whichthis is known, considering the deposit type.	Drilling orientations were appropriate for the$\bullet$interpreted geology providing representative samples.

Criteria	JORC Code explanation	Commentary
to geologicalstructure	•If the relationship between the drilling orientation andthe orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	•No sampling bias is expected at this stage. Drilling isat an early stage and there has been no historicaldrilling on this target.
Sample security	•The measures taken to ensure sample security.	•Copperstone sampling procedures indicateindividual samples were given due attention.•Sample security was managed through sealedindividual samples and sealed bags of multiplesamples for secure delivery to the laboratory bypermanent staff of the joint venture.•ALS is an internationally accredited laboratory thathas all its internal procedures heavily scrutinised inorder to maintain their accreditation.
Audits or reviews	•The results of any audits or reviews of samplingtechniques and data.	•Copperstone's sampling techniques and data havebeen audited multiple times by independent miningconsultants during the process of reporting a JORCCompliant Mineral Resource on the various mineraldeposits that make up the Viscaria Copper Project(A Zone, B Zone, and D Zone). These audits havealways resulted in the conclusion that Copperstone'ssampling techniques and data are industry standardand suitable for the purposes of reporting a JORCCompliant Mineral Resource.•All historical data has been validated to the bestdegree possible and migrated into a database.

TABLE 1 – Section 2: Exploration Results

Criteria	JORC Code explanation	Commentary
Mineraltenement andland tenurestatus	•Type, reference name/number, location and ownershipincluding agreements or material issues with thirdparties such as joint ventures, partnerships, overridingroyalties, nativetitle interests,historicalsites,wilderness or national park and environmentalsettings.	•The D Zone Prospect is covered by Exploration PermitViscaria nr 101. The D Zone Mineral Resource is alsocovered by Exploitation Concession Viscaria K nr 4.
	•The security of the tenure held at the time of reportingalong with any known impediments to obtaining alicence to operate in the area.	•Exploration Permit Viscaria nr 101 remains valid whileViscaria K nr 7 is under review prior to approval.Exploitation Concession Viscaria K nr 4 is valid until the16/01/2037.
Exploration doneby other parties	•Acknowledgment and appraisal of exploration by otherparties.	•The historic drilling at the D Zone Prospect wascompleted by Viscaria AB (owned by Outokumpu OY)during the period 1985 to 1997.
Geology	•Deposittype,geologicalsettingandstyleofmineralisation.	•The D Zone deposit is interpreted to be either a volcanichosted massive sulphide-type (VHMS) ore system or aniron oxide copper gold-type(IOCG) ore system. Thisdeposit has subsequently been strongly attenuated byshearing associated with a lower amphibolite faciesmetamorphic event. Subsequent to the loweramphibolite facies metamorphism and associateddeformation, these rocks have been overprinted bylocally constrained shear zones displaying retrograde,greenschist metamorphic mineralogy (chlorite, epidote,actinolite, and talc).

- ASX ANNOUNCEMENT -

Criteria	JORC Code explanation	Commentary
Drill holeInformation	• A summary of all information material to theunderstanding of the exploration results including atabulation of the following information for all Materialdrill holes:a. easting and northing of the drill hole collarb. elevation or RL (Reduced Level – elevation abovesea level in metres) of the drill hole collarc. dip and azimuth of the holed. down hole length and interception depthe. hole length.	Details of the samples discussed in this announcementare in the body of the text.See Table 2 and Figures 1 and 2 for the location of drillholes.
	If the exclusion of this information is justified on thebasis that the information is not Material and thisexclusion does not detract from the understanding ofthe report, the Competent Person should clearlyexplain why this is the case.	Information included in announcement.
Data aggregationmethods	• In reporting Exploration Results, weighting averagingtechniques, maximum and/or minimum gradetruncations (e.g. cutting of high grades) and cut-offgrades are usually Material and should be stated.	Weighted averages were calculated over reportedintervals according to sample length.• No grade cut-offs were applied.
	Where aggregate intercepts incorporate short lengthsof high-grade results and longer lengths of low-graderesults, the procedure used for such aggregationshould be stated and some typical examples of suchaggregations should be shown in detail.	The results in the announcement show both aggregatedintercepts and specific higher-grade intercepts withinthe broader interval. The aggregated intervals areidentified on the basis of the presence of chalcopyritewithin altered rock and delivering an aggregated assayof greater than or equal to 0.5% Cu. The specifichigher-grade intervals are identified based on continuityof mineralisation.
	The assumptions used for any reporting of metal$\bullet$equivalent values should be clearly stated.	Metal equivalents are not presented.$\bullet$
Relationshipbetweenmineralisationwidths andintercept lengths	If the geometry of the mineralisation with respect to the$\bullet$drill-hole angle is known, its nature should bereported.	The orientations of VDD $212 - 215$ are at a moderateand acceptable angle to the mineralization at the D ZoneProspect. The mineralised interval, from other nearbydrilling, is sub-vertical indicating that the estimated truewidth of the mineralized intersection is approximately60% of the down hole thickness of the mineralization.
	• If it is not known and only the down hole lengths arereported, there should be a clear statement to thiseffect (e.g. 'down hole length, true width not known').	The intervals quoted for all drill holes are down holelengths.
Diagrams	• Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported. These shouldinclude, but not be limited to a plan view of drill holecollar locations and appropriate sectional views.	See Figures 1 and 2 for maps showing distribution of$\bullet$samples.
Balancedreporting	Where comprehensive reporting of all Exploration$\bullet$Results is not practicable, representative reporting ofboth low and high grades and/or widths should bepracticed avoiding misleading reporting ofExploration Results.	Figures 1 and 2 above show the current interpretations ofgeology and the location of drill holes.
Other substantiveexploration data	Other exploration data, if meaningful and material,$\bullet$should be reported) including (but not limited to):geological observations; geophysical survey results;geochemical survey results; bulk samples - size andmethod of treatment; metallurgical test results; bulkdensity, groundwater, geotechnical and rockcharacteristics; potential deleterious or contaminatingsubstances.	Figure 2 above shows the geological interpretation onlong section of drill holes VDD 212 - 215 relative tosurrounding drill holes.
Further work	The nature and scale of planned further work (e.g. tests$\bullet$for lateral extensions or depth extensions or large-	Exploration for further extensions of the D Zone MineralResource is currently in progress.

- ASX ANNOUNCEMENT -

Criteria	JORC Code explanation	Commentary
	scale step-out drilling).
	Diagrams clearly highlighting the areas of possibleextensions, including the main geologicalinterpretations and future drilling areas, provided thisinformation is not commercially sensitive.	See Figures 1 and 2 which show areas for furtherexploration.