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TRUE NORTH COPPER LIMITED Capital/Financing Update 2021

Sep 21, 2021

65934_rns_2021-09-21_7af13234-df91-490a-b281-3cbef8c7e955.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT | ASX: DEX

22 September 2021

FIRST DRILL HOLE AT PRAIRIE CREEK INTERSECTS GOLD ZONES FROM SURFACE TO 150M DEPTH

Duke Exploration Limited (ASX: DEX) (“Duke” or “the Company”) is pleased to announce the assay results from the first of three diamond exploration holes recently drilled at the Company’s Prairie Creek Gold Project in Central Queensland, targeting a 1.6 km long 200m wide NE trending gold soil anomaly (0.5 – 5.0 g/t Au).

HIGHLIGHTS

  • Six zones of epithermal gold mineralisation were intersected in the first exploration diamond drill hole completed by the Company at Prairie Creek from the surface to 150m down hole.

  • The intersections include: o 2.30 m at 4.68 g/t Au from 7.00 m in PCDD001,

  • 20.40 m at 1.86 g/t Au from 11.40 m in PCDD001 and

  • o 5.35 m at 2.95 g/t Au from 38.10 m in PCDD001.

  • The association of mercury and silver with the epithermal gold mineralisation suggests the hole has intersected the top of an epithermal low sulphidation gold system with exploration potential for deeper higher grade gold mineralisation associated with feeder veins to the breccia style gold intersected.

  • Assays pending for 2 further holes

Managing Director Philip Condon commented:

“The Prairie Creek project drilling programme strategy is to confirm previous exploration results and to gain a critical understanding of the geology, so we can begin to evaluate the project potential for an economic mining operation. We planned and drilled three diamond holes to achieve that goal and the assays from the first hole are the first positive glimpse of the outcomes of that programme. The first hole has provided encouraging geological information that the depth potential at Prairie Creek may be significant and untested. We are looking forward to the results from the next two diamond holes, which will provide further detailed information on the geometry and trends of the epithermal gold zones intersected in the first hole and allow us to plan follow up exploration drilling. The diamond rig has moved to Mt Flora to complete two diamond drill holes to provide metallurgical samples for a definitive metallurgical test work programme. The rig will then start the next phase of

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----- Start of picture text -----

Duke Exploration Limited | ABN: 28 119 421 868
P.O. Box 2057 Ascot QLD 4007
E: [email protected] | www.duke-exploration.com.au
----- End of picture text -----

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exploration drilling to test the new targets developed from our profile targeting techniques, which will lead to the prioritisation of the next resource development opportunity at the Bundarra project.”

Future Work Programme

  • Finalise the timing of step-out extension RC resource drilling at the Mt Flora resource to test the new mineralisation discovered to the north.

  • Continue accelerated pXRF soil sampling, to be completed by the end of the year, to sample the entire Bundarra Pluton to help prioritise resource development work.

  • Accelerate and extend collection of electrical geophysical data over the entire Bundarra Pluton.

  • Start exploration diamond drilling to collect geological data to confirm targets mapped to date and help prioritise resource development work.

  • Start scout RC drilling to determine the highest priority target for resource development drilling.

  • Provide all exploration diamond drilling assay results from the Prairie Creek gold project by the end of October.

This announcement has been authorised for release by the Board.

For further information please contact:

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Philip Condon

Managing Director [email protected] Ph +61 417 574 730

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Toko Kapea Chairman

[email protected] Ph+64 27 534 2886

Duke Exploration Limited www.duke-exploration.com.au

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Technical Information

Prairie Creek Gold Project Exploration Drilling Details

The Prairie Creek Project is located 120 km southwest of Gladstone and 25 km southwest of Biloela, central Queensland, in EPM 26852 (Figure 1). This part of Central Queensland is prospective for epithermal gold mineralisation like the Cracow epithermal gold deposit 80 km to the south.

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Figure 1. Location of Prairie Creek project (EPM 26852)

The Prairie Creek gold prospect is the highest priority target within the project area (Figure 1 and Figure 2; see www.duke-exploration.com.au for project details). The prosect is highly anomalous in gold, as mapped by stream sediment and rock chip sampling and is defined by a NE trending elevated gold geochemical soil anomaly (0.5 – 5.0 g/t Au), extending over a strike length of 1.6 km and with a width of 200 m. The project is interpreted to be a gold rich epithermal system containing gold and silver associated with quartz-epidotechlorite veining. Historic drilling has been carried out on the southern end of the soil anomaly, but the extent and continuity beyond this outcrop has not been tested. Significant intersections in historic drilling, include 52m @ 2.11g/t Au, including 10m @ 3.2g/t Au and 6m @ 6.55g/t Au.

The diamond drill rig mobilised to site and started drilling on Saturday 31 July 2021. The programme comprised three diamond holes for 350 m that were planned to:

Duke Exploration Limited www.duke-exploration.com.au

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  • Confirm the historic drill hole results and location of the historic holes.

  • Document the geology, particularly structural trends and potential continuity of mineralisation.

  • Collect petrophysical and geochemical downhole survey data to better understand the style and genesis of the gold mineralisation.

  • Measure orientations of structures that hosts gold mineralisation in 3D downhole.

  • Log the local geology and use the geology, geochemistry and petrophysical data from the drilling to mapping the 3D geology.

  • Better understand the potential controls on mineralisation and potential for resource development.

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Figure 2. Location of new exploration diamond drill holes relative to access and topography

A total of over 363.3 m were drilled over 30 days, averaging 12.3 m per day, which includes breakdowns and weather delays compared to the drill plan of 350 m. A total of 405 samples were sent to the laboratory in Townsville, with 160 assay results returned to date from the first hole, PCD001 (Table 1 and Table 2 and Figure 2 and Figure 3). Better intersections from the new drilling include (Table 2 and Figure 3):

  • 4.0 m at 0.66 g/t Au from 0.0 m in PCDD001,

  • 2.3 m at 4.68 g/t Au from 7.0 m in PCDD001,

  • 20.4 m at 1.86 g/t Au from 11.4 m in PCDD001 and

  • • 5.4 m at 2.95 g/t Au from 38.1 m in PCDD001.

Duke Exploration Limited www.duke-exploration.com.au

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Prospect Hole Easting Northing RL Depth Az Dip Status
Prairie Creek
Prairie Creek
Prairie Creek
PCDD001
PCDD002
PCDD003
230209
230159
230245
7279379
7279383
7279381
483
476
479
155.5
122.1
85.7
93.0
99.7
92.3
-59.4
-60.3
-59.8
Mineralised
Assays pending
Assays pending

Table 1. Prairie Creek new exploration diamond drill collar details

The first hole intersected andesitic tuff, volcaniclastics and acid tuff from the Torsdale volcanics that are intruded by younger porphyry dykes and a syenite intrusive at around 100m depth (Figure 3). Epithermal colloform quartz veins contain the gold mineralisation (Figure 4 and Figure 5), mainly hosted by the volcanic rocks but also occur in the underlying syenite (Figure 3). Six zones of gold mineralisation were intersected from the surface to a down hole depth of 151.2 m, with all rock types mineralised (Figure 3). The wider zones of gold mineralisation from the surface to 50 m down hole are associated with brecciated volcanoclastic and tuffaceous lithologies. The breccias are cemented by epithermal quartz veins with classic epithermal colloform textures (Figure 4 and Figure 5). The gold mineralisation is associated with anomalous silver and mercury, which along with the breccia and epithermal colloform textures suggest this part of the Prairie Creek gold anomaly is at the top of an epithermal system, with potential for vein hosted gold mineralisation like the Cracow epithermal gold deposit deeper in the system.

Hole Prospect Easting Northing RL From To Width Au g/t
PCDD001
PCDD001
PCDD001
PCDD001
PCDD001
PCDD001
Prairie Creek
Prairie Creek
Prairie Creek
Prairie Creek
Prairie Creek
Prairie Creek
230,210
230,213
230,220
230,230
230,241
230,289
7,279,379
7,279,379
7,279,378
7,279,378
7,279,377
7,279,373
481
476
464
448
430
354
0.0
7.0
11.4
38.1
61.6
151.2
4.0
9.3
31.8
43.5
62.6
152.2
4.0
2.3
20.4
5.4
1.0
1.0
0.66
4.68
1.86
2.95
0.81
0.93

Table 2. Drill intersections from the Prairie Creek gold prospect, using a 0.5 g/t Au cut off, with a minimum width of 1 metre and including 2 metres of internal waste (MGA94 Zone 55)

Duke Exploration Limited www.duke-exploration.com.au

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Figure 3. Gold assay results in PCDD001 on section 7279380mN in relation to interpreted geology

The continuity of the gold mineralisation in 3D with respect to the historic drill results will be better understood once the assay results have been returned from PCDD002 and PCD003. A more in-depth review and interpretation of the significance of the new gold results will be provided when all the assay results have been returned and integrated with the detailed geological logging, multi-element geochemistry and downhole petrophysical drill data. The results of PCDD002 and PCDD003 are expected to be available in early October.

Duke Exploration Limited www.duke-exploration.com.au

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Figure 4. Volcanoclastic breccia cemented by colloform epithermal quartz that hosts the gold in PCDD001

Figure 5. Close up of the colloform epithermal quartz that hosts the gold in PCDD001

Duke Exploration Limited www.duke-exploration.com.au

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About Duke Exploration

Duke is an Australian exploration company with majority interests in five granted exploration tenements for copper, gold and silver exploration areas located in Queensland and New South Wales, Australia.

Duke’s key assets comprise:

  • EPM 26499, EPM 27474 and EPM 27609 – Bundarra project (100% owned copper exploration project near Mackay, Queensland);

  • EPM 26852 – Prairie Creek Project (91% owned (9% Capgold) gold exploration project near Rockhampton, Queensland); and

  • EL 8568 – Red Hill Project (100% owned copper exploration project near Red Hill, New South Wales).

In addition, Duke also has an interest in four New South Wales Cu-Au porphyry tenements currently operated by Lachlan Resources Pty Ltd, a wholly owned subsidiary of ASX listed Emmerson Resources (ASX: ERM). Duke currently holds a 5% interest in two of these tenements and a 10% interest in the other two tenements that is free carried to BFS.

The most advanced target for the Company is the Bundarra project Mt Flora prospect, which has resource development potential for copper, silver and gold, and a recently announced Inferred resource of 16 Mt at an average grade of 0.5% Cu and 6.9 ppm, Ag, reported at a 0.2% Cu cut-off grade as classified and reported in accordance with the JORC Code (2012), which equates to 78,000 tonnes of copper and 3.6 million ounces of silver (Table 3). There are currently five other target areas with similar development potential on the Bundarra project as defined by historical mining, geology and geophysics.

Tonnes (Mt) Cu% Ag g/t Cu tonnes Ag ounces
Inferred Oxide 1 0.3 4.2 2,000 87,000
Sulphide 15 0.5 7.0 76,000 3,500,000
Total 16 0.5 6.9 78,000 3,600,000

Notes:

  • Reported at a 0.2% Cu-equivalent cut-off grade (Cu & Ag)

  • The Mineral Resource is classified in accordance with JORC, 2012 edition.

  • The effective date of the Mineral Resource estimate is 25 June 2021.

  • The Mineral Resource is contained within EMP 26499.

  • Estimates are rounded to reflect the level of confidence in these resources at the present time. All resources have been rounded to the nearest million tonnes.

  • The Mineral Resource is reported as a global resource

Table 3. Mount Flora Mineral Resource Summary

The exploration and development strategy is to define sufficient resources at Mt Flora and the other prospective targets in the Bundarra project area as a priority to allow feasibility studies to be undertaken to establish an economic mining operation and to delineate additional mineral resources from the current known exploration target areas to grow the project into the future. The Company has also started to test the more conceptual exploration targets on the Prairie Creek project and Red Hill project (see www.dukeexploration.com.aufor more project details). The business development strategy for the Company is to focus on the Bundarra project and simultaneously carry out resource development work on those targets evaluated and ranked as high priority, starting at Mt Flora, while exploring the regional potential of the Bundarra pluton.

Duke Exploration Limited www.duke-exploration.com.au

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The aim is to discover a pipeline of resource development projects around the Bundarra pluton to add to the Mt Flora project organically.

pXRF soil sampling and gradient array resistivity and induced polarization (GAIP) surveys continue to be carried out to the north, south and east of the current survey areas around the northern and eastern contacts of the Bundarra pluton. The aim is to accelerate the collection of pXRF soil data and electrical geophysical data to map the entire prospective area of the Bundarra pluton to allow computer-based machine learning statistical analysis to be carried out to help target the highest priority targets for resource development drilling into the future.

Competent Person Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Dr Greg Partington, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and a Member of The Australian Institute of Geologists.

Dr Partington is employed by Duke Exploration Pty Ltd as a consultant through Kenex Pty Ltd. He has over 30 years of experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, 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’. Dr Partington consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Duke Exploration Limited www.duke-exploration.com.au

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Appendix 1 - JORC Code, 2012 Edition, Checklist of Assessment and Reporting Criteria

Section 1 Sampling Techniques and Data

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

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Sampling Nature and quality of sampling (e.g., cut Triple-tube HQ sized diamond core samples were
techniques channels, random chips, or specific specialised collected via diamond drill rig. The recovery of core is
industry standard measurement tools measured and recorded by the driller and checked and
appropriate to the minerals under investigation, corroborated by the logging geologist when metre
such as down hole gamma sondes, or handheld marked.
XRF instruments, etc). These examples should pXRF analysis is conducted to provide indicative
not be taken as limiting the broad meaning of lithogeochemical data by taking 3 analyses per sample
sampling. interval. These analyses were taken using an Olympus
Include reference to measures taken to ensure Vanta M series XRF Analyser with all beams enabled for
sample representivity and the appropriate 10 seconds each.
calibration of any measurement tools or systems Core was cut in half, with half retained and half assayed.
used. Core was crushed and pulverised. Gold was assayed by
Aspects of the determination of mineralisation 50g fire assay and AAS (ALS code Au-AA24) and 33
that are Material to the Public Report. other elements by four acid digestion with ICP-AES
In cases where ‘industry standard’ work has (ALS code ME-ICP61).
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., submarine nodules)
maywarrant disclosure of detailed information.
Drilling Drill type (e.g., core, reverse circulation, open- An AED Alton track mounted diamond rig was used to
techniques hole hammer, rotary air blast, auger, Bangka, recover HQ sized core. 3 m rods were used, and triple
sonic, etc) and details (e.g., core diameter, triple tube methods were used to ensure sample recovery,
or standard tube, depth of diamond tails, face- especially through clay zones. Core was oriented using
sampling bit or other type, whether core is a reflex tool.
oriented and if so,bywhat method,etc).
Drill sample Method of recording and assessing core and The drilling crew measured each run and recorded the
recovery chip sample recoveries and results assessed. amount of core recovered. This was double checked by
Measures taken to maximise sample recovery the geologist when the core was metre marked.
and ensure representative nature of the samples. Triple tubing was used to ensure maximum sample
Whether a relationship exists between sample recovery
recovery and grade and whether sample bias
may have occurred due to preferential loss/gain
of fine/coarse material.
Logging Whether core and chip samples have been All core was logged by a geologist at a centimetre
geologically and geotechnically logged to a resolution. Features of interest that were logged
level of detail to support appropriate Mineral include lithology, alteration, structure and chemical
Resource estimation, mining studies and composition (acquired through pXRF analysis).
metallurgical studies. Downhole Optical Televiewer, Acoustic Televiewer
Whether logging is qualitative or quantitative in and petrophysical logging, including magnetic
nature. Core (or costean, channel, etc) susceptibility, resistivity, natural gamma and density
photography. measurements, were also conducted and integrated
The total length and percentage of the relevant with geological and geotechnical logging. This logging
intersections logged. provides information on structure, contacts, veining
etc. in the form of dip and dip direction measurements
at a 10 cm resolution.
Geological logging is considered qualitative while
structural, geochemical and geotechnical logging via
pXRF geochemical analysis, downhole Televiewers and
petrophysical logging is considered quantitative. All
core trays arephotographed,as well as lithologies of

Duke Exploration Limited www.duke-exploration.com.au

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
interest in the core.
Sub- If core, whether cut or sawn and whether Core was sawn in half, with half retained in trays, and
sampling quarter, half or all core taken. the other half assayed. Sampling is considered
techniques
and sample

If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or dry.
For all sample types, the nature, quality and
representative of the in-situ lithologies collected and
the consistent half-core sampling.
preparation 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 beingsampled.
Quality of The nature, quality and appropriateness of the Gold was assayed by 50g fire assay and AAS (ALS code
assay data assaying and laboratory procedures used and Au-AA24) and 33 other elements by four acid digestion
and
laboratory
whether the technique is considered partial or
total.
For geophysical tools, spectrometers, handheld
with ICP-AES (ALS code ME-ICP61). ME-ICP61 is a
near total method, with only the most resistant
minerals partially dissolved.
tests XRF instruments, etc, the parameters used in A pXRF Vanta m-series was used to analyse each
determining the analysis including instrument sample using 3 beams in geochemistry mode. Each
make and model, reading times, calibrations beam was set to 10 seconds for a total of 30 seconds
factors applied and their derivation, etc. and targeting 39 elements. pXRF readings were taken
Nature of quality control procedures adopted at a rate of three per sample interval on the core. It is
(e.g., standards, blanks, duplicates, external recognised this is an imperfect method and is only
laboratory checks) and whether acceptable used to give an indication of geochemistry while
levels of accuracy (i.e., lack of bias) and waiting for laboratory assay results.
precision have been established.
Verification The verification of significant intersections by No data were adjusted.
of sampling either independent or alternative company
and assaying personnel.
The use of twinned holes.
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
Discuss anyadjustment to assaydata.
Location of Accuracy and quality of surveys used to locate The drillholes were initially located using a Garmin GPS
data points drill holes (collar and down-hole surveys), unit. The holes were then surveyed accurately by a
trenches, mine workings and other locations surveyor at the end of the programme. Downhole
used in Mineral Resource estimation. surveys including a downhole gyro was used on all
Specification of the grid system used. holes.
Quality and adequacy of topographic control. The grid system is MGA94 Zone 56
Topographic control has been adopted from a recent
aerial lidar survey. The topographic control is
considered to be highly accurate.
Data spacing Data spacing for reporting of Exploration The drilling was carried out on a single line, with holes
and Results. spaced approximately 40m apart.
distribution Whether the data spacing and distribution is No physical compositing of samples was done.
sufficient to establish the degree of geological
and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
Whether sample compositinghas been applied.
Orientation Whether the orientation of sampling achieves The drilling was planned near perpendicular to the
of data in unbiased sampling of possible structures and geology based on the current geological
relation to
geological
the extent to which this is known, considering
the deposit type.
If the relationship between the drilling
understanding.
structure orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.

Duke Exploration Limited www.duke-exploration.com.au

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Sample The measures taken to ensure sample security. All samples were collected from the drill rig and taken
security to a core logging yard located on the same property as
the drilling. Once logged the core was transported to
ALS via Followmont. The samples were not left
unattended and a chain of custody was maintained
throughout the shipping process.
Audits or The results of any audits or reviews of sampling No audits have been conducted by external parties at
reviews techniques and data. this stage.

Section 2 Reporting of Exploration Results

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

Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Mineral Type, reference name/number, location and EPM 26852 – Prairie Creek Project (91% Duke owned
tenement ownership including agreements or material issues and 9% Capgold) gold exploration project 120 km
and land
tenure
with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
southwest of Gladstone and 25 km southwest of
Biloela, in central Queensland.
No known impediments.
status park and environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments to
obtaininga licence to operate in the area.
Exploration Acknowledgment and appraisal of exploration by The area has been explored by several companies in
done by other parties. the past including CRAE, ACM Gold and ActivEX. The
other resulting work includes a total of 15 holes drilled into
Prairie Creek and 3 holes drilled into Gossans West,
parties located 5km to the north-east. A total of 1039 historic
soil samples have been taken over Prairie Creek which
highlighted a promising north-eastern gold trend along
the ridgeline.
Geology Deposit type, geological setting and style of Prairie Creek is a highly anomalous gold prospect. It is
mineralisation. interpreted to sit in the middle of an epithermal system
typified by anomalous gold and base metals, being
confined by nature, and being associated with quartz-
epidote-chlorite veining. The prospect was discovered
by stream sampling followed by rock chip sampling
and mapping. The veins are hosted by andesitic tuffs
(pale grey) and mixed intermediate and acid tuffs (mid
grey) but historic drilling also confirmed the vein sets
penetrate the underlying granite and syenite intrusives.
Drill hole A summary of all information material to the See Figure 1, Figure 2, Figure 3, Figure 4 and Figure 5
Information understanding of the exploration results including and Table 1 and Table 2 in the main text.
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 clearlyexplain whythis is the case.

Duke Exploration Limited www.duke-exploration.com.au

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Data In reporting Exploration Results, weighting Intervals were composited in Micromine, using a
aggregation averaging techniques, maximum and/or minimum weighted average technique at a 0.5 g/t Au cut off,
methods grade truncations (e.g., cutting of high grades) and
cut-off grades are usually Material and should be
allowing 2 m of internal dilution and a 1 m minimum
width.
stated.
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 clearlystated.
Relationship
These relationships are particularly important in These are the first holes drilled into the prospects and
between the reporting of Exploration Results. the orientation of the mineralisation is not known. The
mineralisati
on widths
If the geometry of the mineralisation with respect
to the drill hole angle is known, its nature should
be reported.
holes are thought to be drilling perpendicular to the
mineralisation based on interpretation of the historic
drilling.
and If it is not known and only the down hole lengths
intercept are reported, there should be a clear statement to
lengths this effect (e.g., ‘down hole length, true width not
known’).
Diagrams Appropriate maps and sections (with scales) and See Figure 1, Figure 2, Figure 3, Figure 4 and Figure 5
tabulations of intercepts should be included for and Table 1 and Table 2 in the main text.
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 All drill holes assays returned to date from the current
reporting Results is not practicable, representative reporting drill programme have been reported.
of both low and high grades and/or widths should
be practiced to avoid misleading reporting of
Exploration Results.
Other Other exploration data, if meaningful and material, A desktop study was completed to map the geology
substantive should be reported including (but not limited to): at a local and regional scale and delivered 2D
exploration
data
geological observations; geophysical survey
results; geochemical survey results; bulk samples
– size and method of treatment; metallurgical test
geological maps and 3D geological models.
results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or
contaminatingsubstances.
Further The nature and scale of planned further work (e.g., Depending on the results from the diamond drilling, a
work tests for lateral extensions or depth extensions or grid pattern RC drill programme will be planned to test
large-scale step-out drilling). the anomalous soil results trending north-east from
Diagrams clearly highlighting the areas of possible the Prairie Creek prospect.
extensions, including the main geological
interpretations and future drilling areas, provided
this information is not commerciallysensitive.

Duke Exploration Limited www.duke-exploration.com.au