ZEOTECH LIMITED — Investor Presentation 2017

Apr 2, 2017

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3 April 2017

Kraaipan Project Update

Highlights

• Gold Prospectivity Analysis has identified a geological setting within the Kraaipan Project area that is interpreted to be directly analogous to the genetic model for the Kalgold Mine.

• Previous first pass exploration within the Project area by third parties only focused on an approximately 10 kilometre-long section in the south of the tenure, where the prospective greenstones outcrop.

• Gold prospectively confirmed with 224 rock chip samples, the most significant rock chip assay results from this survey include: 36g/t Au, 9.9g/t Au, 7.4g/t Au, 6.2g/t Au, 4.8g/t Au, 4.7g/t Au, 4.5g/t Au, 4.4g/t Au, 3.5g/t Au; as well as another 38 assay results above 1g/t Au. Overall 20% of rock chip samples (47 in total) produced assay results in excess of 1g/t Au.

• Laconia plans to immediately commence an extensive exploration program utilising geochemical and geophysical techniques successfully employed in Australia (e.g. Yilgarn Goldfields) but not applied in this terrane.

• Geochemical soil survey of over 14,000 samples that provides an almost tenure-wide coverage of the prospective greenstone rocks ready for analysis.

Laconia Resources Limited (‘ Laconia ’ or ‘ Company ’) ( ASX: LCR ) is pleased to announce further details on the Kraaipan Gold-Nickel-Copper-PGM Project (‘Kraaipan Project’ or ‘Project’) in Botswana, as well as the results of a detailed gold prospectivity analysis that will be used to focus exploration efforts once the acquisition is complete.

The Kraaipan Project comprises an extensive Prospecting Licence, PL232/2016 (‘Project Tenure’) that is 866km[2] and covers approximately 50 kilometre stretch of Kraaipan Greenstone Belt in southern Botswana (Figure 1). The Project is part of the larger NNW trending Amalia-KraaipanGreenstone-Terrane (‘AKGT’) of the Kaapvaal Craton. The AKGT in Botswana is directly along strike from significant gold deposits, as well as adjacent to significant PGE deposits across the border in South Africa.

The southern boundary of the project tenure is located along Botswana’s southern border with South Africa and accessed via well-maintained, all weather roads from Gaborone (capital of Botswana), approximately 150 kilometres to the north.

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Figure 1: Location of the Kraaipan Gold-Nickel-Copper-PGM Project in relation to the Harmony’s Kalgold Mine and the African Rainbow Minerals’ Kalplats Project across the border in South Africa.

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Previous Gold Exploration

Previous first pass exploration within the Project area by third parties only focused on an approximately 10 kilometre-long section in the south of the tenure, where the prospective greenstones outcrop (Figure 2). This exploration confirmed the gold prospectivity of this area with 224 rock chip samples being taken across the outcropping areas, where cross-cutting quartz veins were observed (Figure 3)*. The most significant rock chip assay results from this survey include: 36g/t Au , 9.9g/t Au , 7.4g/t Au , 6.2g/t Au , 4.8g/t Au, 4.7g/t Au, 4.5g/t Au, 4.4g/t Au, 3.5g/t Au; as well as another 38 assay results above 1g/t Au. Overall 20% of rock chip samples (47 in total) produced assay results in excess of 1g/t Au.

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The excellent assay results from the rock chip survey were then followed up with a first pass drill program of 74 RAB holes for 3,631m RAB drilling[^] . Several of these holes intersected significant, shallow gold mineralisation such as:

• KP037: 13m @ 1.7g/t Au from 11m, including 3m @ 5.1g/t Au ;

• KP052: 21m @ 1.0g/t Au from 6m, including 5m @ 2.3g/t Au from 27m;

• KP077: 9m @ 1.1g/t Au from 17m, including 4m @ 2.3g/t Au ;

• KP074: 42m @ 0.6g/t from 3m, including 21m @ 1g/t Au from 9m;

• KP045: 13m @ 0.5g/t Au from 17m, including 6m @ 0.8g/t Au;

• KP038: 15m @ 0.3g/t Au from 9m, including 5m @ 0.7g/t Au;

• KP061: 19m @ 0.3g/t Au from surface, including 9m @ 0.6g/t Au; and

• KP060: 12m @ 0.5g/t Au from surface.

Inclusive with the acquisition of the Kraaipan Project is a geochemical soil survey of over 14,000 samples that provides an almost tenure-wide coverage of the prospective greenstone rocks (Figure 4). These samples have only been partially analysed using a portable XRF but already show several geochemically anomalous areas, that need to be followed up. Immediately after the completion of the Kraaipan Project acquisition, the Company plans to analyse selected subsets of the regional soil survey samples for ‘Pathfinder’ elements e.g. As, Te, Bi, Ag, Rb, Ba, Zr, Sc and K using a full geochemistry suite, as well as low detection Au & PGMs. Then to get the most value out of this dataset, the company plans to consult a leading expert in gold exploration geochemistry to advise on selecting the most prospective targets to follow up with further, more focussed exploration.

Figure 3: Example of the quartz ± carbonate veins, found within steeply dipping, sub-greenschist facies, Banded Iron Formation (‘BIF’) rock units from the outcropping areas in the south of the Kraaipan Project.

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• All rock chip survey points and assay results are detailed in Appendix 1.

^ All mineralised intervals reported are downhole lengths, true width unknown. Detailed drill hole locations are show in Fig. 8. Several drill hole cross-sections are show in Fig. 9. Drill hole details in Appendix 1.

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Figure 2: Area of historical rock chip sampling and drilling overlain on the

Interpretative Geological Map.

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Figure 4: Spatial distribution of the over 14,000 soil samples that have been collected over the prospective greenstones within the Kraaipan Project tenure.

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Gold Prospectivity Analysis

The Kraaipan Greenstone Belt in Botswana is interpreted as highly prospective for both lode-gold mineralisation as it is within the same terrane as the well-known Kalgold Mine in South Africa (Figure 1). The Kalgold Mine, owned by Harmony Gold Mining Company Ltd (‘Harmony’, JSE: HAR) has been in production since 1996 and had an estimated pre-mining mineral resource containing over 4 million oz gold.[1] The gold mineralisation identified by previous exploration in the Kraaipan Greenstone Belt within Botswana is distinctly similar to that found at Kalgold. It occurs in swarms of quartz ± carbonate veins that obliquely cross-cut the Banded Iron Formation (‘BIF’) host rocks (Figure 3). In both areas, the gold mineralized veins are associated with disseminated sulphide mineralisation, dominated by pyrite, distributed around and between the quartz vein swarms.

Figure 5 shows a comparison between the genetic model proposed for the Kalgold mineralisation and the geological setting of the Kraaipan Project. Outlined in red is an area within the Kraaipan Project tenure that is proximal to a granite intrusive body that appears to have the same relative timing as the gold mineralisation at both Kalgold and found by historic exploration within the Kraaipan Project area (post peak deformation-metamorphism event). When this geological setting is compared to the Kalgold genetic model, it is interpreted that if this granite intrusive is a source of gold enriched fluids, similar to the intrusive that is proposed to be the source of the Kalgold mineralising fluids, then the most prospective area within the Kraaipan Project is within the general vicinity of this intrusive. In order to focus in on more defined targets with this larger area, it is further interpreted that zones where major structures connect this granite intrusive with the host BIF rocks should be the most prospective targets for gold mineralisation. This interpretation is believed to be consistent with the results of the historic gold exploration to the south, which is considered an outliner gold mineralised area, distal to the main gold endowed zones that are interpreted to be to the north, closer to the granite intrusive.

Proposed Gold Exploration Activities

As previous exploration was mainly confined to the outcropping rocks, vast areas of gold prospective greenstone rocks have been left unexplored due to various thicknesses of transported overburden. This provides Laconia with an exciting and unique opportunity to apply well developed and highly successful undercover exploration techniques, that are tried and tested in especially in southern Australia (Yilgarn, Gawler, etc) to an exciting, well-endowed but poorly explored greenstone belt. The most effective and successful uncover exploration techniques to find gold mineralisation similar to that found at Kalgold undercover is interpreted to be a combination of geochemical soil and calcrete sampling. In order to progress the exploration of the Kraaipan project the company plans to:

1 - 2010 Mineral Resources and Mineral Reserves Report for Harmony Gold Mining Co. Ltd (JSE: HAR).

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Geochemistry

• Analyse infill soil survey samples and selected subsets of the regional soil survey samples for ‘Pathfinder’ elements e.g. As, Te, Bi, Ag, Rb, Ba, Zr, Sc and K using a full geochemistry suite, as well as low detection Au & PGMs.

• Regional soil sampling survey results assessed by a leading expert in gold exploration geochemistry.

• Trench and drill (aircore) to sample the calcrete (Figure 7) and top of basement in areas of anomalous concentrations of ‘Pathfinder’ elements or gold anomalism from the soil sampling survey results.

Figure 7: Photo of the characteristic Calcrete profile acorss the Kraaipan Project area.

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Geophysics

• Review the magnetic data across the tenure and produce a detailed ‘Depth to Magnetic Source’ map for understanding of depth to the BIF units that host gold mineralisation.

• 3D modeling of magnetic units within areas of anomalous geochemistry to understand geometry of the BIF units that host gold mineralisation.

• Complete Induced Polarisation (IP) Surveys across any areas of anomalous concentrations of ‘Pathfinder’ elements or gold anomalism, as well as the area of the Kraaipan Project with significant gold results from historic drilling.

Drilling

• Drill test exploration targets generated by the geochemical/geophysical results.

• Drill to test the extents of the gold mineralisation outlined by previous explorers.

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References

Hammond, N. Q. and Moore, J. M., 2006. Archaean lode gold mineralisation in banded iron formation at the Kalahari Goldridge deposit, Kraaipan Greenstone Belt, South Africa. Miner Deposita (2006) 41: 483–503.

Competent Person Statement

The information in this report that relates to exploration results is based upon information reviewed by Dr Quinton Hills who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Hills has been engaged by Laconia Resources Limited 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 Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Hills is a director and shareholder of Kraaipan Founders Pty Ltd. Dr Hills consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

For further information please visit www.laconia.com.au or contact:

Peter Fox Non-executive Director Laconia Resources Limited Tel: +61 8 6268 2688 Email: pfox@laconia.com.au

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Figure 5: A comparison between the genetic model proposed for the Kalgold mineralisation and the geological setting of the Kraaipan Project.

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Figure 8: Map showing the location of all of the historical RAB drill holes in relation to the gold anomalous zones from a historic soil geochemical survey. Displayed on an Interpreted Geological Map derived from an interpretation of the Total Magnetic Intensity data, as well as some surface mapping.

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Figure 9: Characteristic drill hole sections from the historic drill hole program in 1998

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APPENDIX 1:

Reunion Mining Historic Rockchip and Drilling from 1998

The following Tables and Drilling Cross-Sections shown in Figure 6 are provided to ensure compliance with the JORC Code (2012 Edition)

KRAAIPAN ROCK CHIP SAMPLES - REUNION MINING

with the JORC Code (2012 Edition)	with the JORC Code (2012 Edition)	with the JORC Code (2012 Edition)	with the JORC Code (2012 Edition)	with the JORC Code (2012 Edition)	with the JORC Code (2012 Edition)
KRAAIPAN ROCK CHIPSAMPLES - REUNION MINING
Sample	LocalEast	**LocalNorth **	LocalWest	Arc1950 East	**Arc1950 North **	Au g/t
801326	-450	2200	450	307550	7159100	0.01
801327	-500	2200	500	307500	7159100	0.001
801328	-450	2400	450	307550	7159300	4.3
801329	-500	2400	500	307500	7159300	0.025
801330	-550	2400	550	307450	7159300	0.001
801331	-400	2600	400	307600	7159500	36
801332	-450	2600	450	307550	7159500	6.2
801333	-500	2600	500	307500	7159500	0.075
801334	-550	2600	550	307450	7159500	0.01
801335	-600	2600	600	307400	7159500	0.015
801336	-650	2600	650	307350	7159500	0.031
801337	-700	2600	700	307300	7159500	0.02
801338	-350	2700	350	307650	7159600	7.35
801339	-400	2700	400	307600	7159600	9.895
801340	-450	2700	450	307550	7159600	0.065
801341	-500	2700	500	307500	7159600	0.001
801342	-550	2700	550	307450	7159600	0.075
801343	-600	2700	600	307400	7159600	0.001
801344	-650	2700	650	307350	7159600	0.01
801345	-700	2700	700	307300	7159600	0.001
801346	-300	2750	300	307700	7159650	1.79
801347	-300	2750	300	307700	7159650	6.155
801348	-350	2750	350	307650	7159650	0.285
801349	-400	2750	400	307600	7159650	0.94
801350	-450	2750	450	307550	7159650	4.83
801351	-500	2750	500	307500	7159650	0.14
801352	-550	2750	550	307450	7159650	0.01
801353	-600	2750	600	307400	7159650	0.001
801354	-600	2750	600	307400	7159650	0
801355	-650	2750	650	307350	7159650	0.001
801356	-700	2750	700	307300	7159650	0.05
801357	-300	2800	300	307700	7159700	2.09
801358	-350	2800	350	307650	7159700	0.01
801359	-400	2800	400	307600	7159700	0.33
801360	-450	2800	450	307550	7159700	1.35
801361	-500	2800	500	307500	7159700	0.015
801362	-200	2850	200	307800	7159750	0.335
801363	-250	2850	250	307750	7159750	1.035
801364	-300	2850	300	307700	7159750	0.17
801365	-350	2850	350	307650	7159750	2.8
801366	-400	2850	400	307600	7159750	2.465
801367	-450	2850	450	307550	7159750	0.015

801368	-500	2850	500	307500	7159750	0.015
801369	-550	2850	550	307450	7159750	0.001
801370	-600	2850	600	307400	7159750	0.001
801371	-200	2900	200	307800	7159800	1.87
801372	-250	2900	250	307750	7159800	0.1
801373	-300	2900	300	307700	7159800	0.205
801374	-350	2900	350	307650	7159800	1.32
801375	-400	2900	400	307600	7159800	0.01
801376	-450	2900	450	307550	7159800	0.19
801377	-500	2900	500	307500	7159800	0.01
801378	-550	2900	550	307450	7159800	0.015
801379	-600	2900	600	307400	7159800	0.001
801380	-200	2950	200	307800	7159850	4.82
801381	-250	2950	250	307750	7159850	3.54
801382	-300	2950	300	307700	7159850	0.56
801383	-350	2950	350	307650	7159850	2.85
801384	-350	2950	350	307650	7159850	2.55
801385	-150	3000	150	307850	7159900	0.18
801386	-200	3000	200	307800	7159900	2.15
801387	-250	3000	250	307750	7159900	0.1
801388	-300	3000	300	307700	7159900	0.01
801389	-350	3000	350	307650	7159900	0.04
801390	-400	3000	400	307600	7159900	0.01
801391	-150	3050	150	307850	7159950	0.135
801392	-200	3050	200	307800	7159950	0.08
801393	-250	3050	250	307750	7159950	0.615
801394	-300	3050	300	307700	7159950	0.02
801395	-350	3050	350	307650	7159950	0.001
801396	-150	3100	150	307850	7160000	0.125
801397	-200	3100	200	307800	7160000	0.02
801398	-250	3100	250	307750	7160000	0.001
801399	-300	3100	300	307700	7160000	0.001
801400	-350	3100	350	307650	7160000	0.001
801401	-400	3100	400	307600	7160000	0.001
801402	-450	3100	450	307550	7160000	0.001
801403	-500	3100	500	307500	7160000	0.065
801404	-550	3100	550	307450	7160000	0.001
801405	-600	3100	600	307400	7160000	0.025
801406	-100	3150	100	307900	7160050	0.685
801407	-150	3150	150	307850	7160050	1.07
801408	-200	3150	200	307800	7160050	0.685
801409	-250	3150	250	307750	7160050	1.255
801410	-300	3150	300	307700	7160050	1.49
801411	-100	3200	100	307900	7160100	1.98
801412	-150	3200	150	307850	7160100	0.46
801413	-200	3200	200	307800	7160100	0.085
801414	-250	3200	250	307750	7160100	0.025
801415	-300	3200	300	307700	7160100	0.01
801416	-350	3200	350	307650	7160100	0.02
801417	-400	3200	400	307600	7160100	0.015
801418	-450	3200	450	307550	7160100	2.01
801419	-500	3200	500	307500	7160100	0.02

801420	-550	3200	550	307450	7160100	0.001
801421	-100	3250	100	307900	7160150	2.09
801422	-150	3250	150	307850	7160150	0.145
801423	-200	3250	200	307800	7160150	0.56
801424	-250	3250	250	307750	7160150	0.01
801425	-300	3250	300	307700	7160150	0.001
801426	-150	3300	150	307850	7160200	0.01
801427	-200	3300	200	307800	7160200	0.001
801428	-250	3300	250	307750	7160200	0.02
801429	-300	3300	300	307700	7160200	0.001
801430	-400	3300	400	307600	7160200	0.001
801431	-450	3300	450	307550	7160200	0.135
801432	-200	3350	200	307800	7160250	0.025
801433	-250	3350	250	307750	7160250	0.095
801434	-300	3350	300	307700	7160250	0.001
801435	-400	3350	400	307600	7160250	0.001
801436	-450	3350	450	307550	7160250	2.2
801437	-300	3400	300	307700	7160300	0.25
801438	-400	3400	400	307600	7160300	0.205
801439	-450	3400	450	307550	7160300	0.001
801440	-550	3400	550	307450	7160300	0.335
801441	-600	3400	600	307400	7160300	0.05
801442	-250	3450	250	307750	7160350	0.001
801443	-300	3450	300	307700	7160350	0.025
801444	-350	3450	350	307650	7160350	0.025
801445	-450	3450	450	307550	7160350	0.001
801446	-550	3450	550	307450	7160350	0.001
801447	-250	3500	250	307750	7160400	0.025
801448	-300	3500	300	307700	7160400	0.001
801449	-350	3500	350	307650	7160400	0.001
801450	-250	3550	250	307750	7160450	3.29
801451	-300	3550	300	307700	7160450	0.13
801452	-350	3550	350	307650	7160450	0.015
801453	-500	3600	500	307500	7160500	0.001
801454	-550	3600	550	307450	7160500	0.05
801455	-200	3650	200	307800	7160550	0.995
801456	-250	3650	250	307750	7160550	0.785
801457	-300	3650	300	307700	7160550	4.44
801458	-400	3650	400	307600	7160550	0.03
801459	-550	3650	550	307450	7160550	0.001
801460	-600	3650	600	307400	7160550	6.935
801461	-200	3700	200	307800	7160600	0.72
801462	-250	3700	250	307750	7160600	1.73
801463	-300	3700	300	307700	7160600	3.17
801464	-350	3700	350	307650	7160600	0.825
801465	-400	3700	400	307600	7160600	0.01
801466	-500	3700	500	307500	7160600	0.04
801467	-350	3750	350	307650	7160650	0.39
801468	-400	3750	400	307600	7160650	0.455
801469	-300	3800	300	307700	7160700	1.02
801470	-350	3800	350	307650	7160700	4.54
801471	-400	3800	400	307600	7160700	0.015

801472	-600	3800	600	307400	7160700	2.175
801473	-250	3900	250	307750	7160800	0.49
801474	-300	3900	300	307700	7160800	0.001
801475	-400	3900	400	307600	7160800	0.44
801476	-450	3900	450	307550	7160800	0.29
801477	-600	3850	600	307400	7160750	0.19
801478	-650	3850	650	307350	7160750	0.45
801479	-300	3950	300	307700	7160850	0.055
801480	-350	3950	350	307650	7160850	0.2
801481	-400	3950	400	307600	7160850	0.04
801482	-450	3950	450	307550	7160850	3.315
801483	-300	4000	300	307700	7160900	0.115
801484	-350	4000	350	307650	7160900	0.28
801485	-400	4000	400	307600	7160900	2.625
801486	-450	4000	450	307550	7160900	1.295
801487	-500	4000	500	307500	7160900	0.035
801488	-200	4050	200	307800	7160950	2.155
801489	-250	4050	250	307750	7160950	4.67
801490	-300	4050	300	307700	7160950	0.21
801491	-350	4050	350	307650	7160950	1.315
801492	-400	4050	400	307600	7160950	1.04
801493	-350	9400	350	307650	7166300	0.001
801494	-400	9400	400	307600	7166300	0.055
801495	-500	9400	500	307500	7166300	0.001
801496	-550	9400	550	307450	7166300	0.001
801497	-600	9400	600	307400	7166300	0.03
801498	-300	9450	300	307700	7166350	0.01
801499	-350	9450	350	307650	7166350	0.001
801500	-500	9450	500	307500	7166350	0.001
801501	-400	9500	400	307600	7166400	0.001
801502	-500	9500	500	307500	7166400	0.001
801503	-550	9500	550	307450	7166400	0.05
801504	-500	9550	500	307500	7166450	0.19
801505	-600	9550	600	307400	7166450	1.04
801506	-650	9550	650	307350	7166450	0.08
801507	-400	9600	400	307600	7166500	0.001
801508	-500	9600	500	307500	7166500	0.295
801509	-550	9600	550	307450	7166500	0.295
801510	-600	9600	600	307400	7166500	2.655
801511	-350	9650	350	307650	7166550	0.03
801512	-400	9650	400	307600	7166550	0.045
801513	-500	9650	500	307500	7166550	0.001
801514	-550	9650	550	307450	7166550	0.14
801515	-600	9650	600	307400	7166550	0.25
801516	-650	9650	650	307350	7166550	2.67
801517	-400	9700	400	307600	7166600	0.001
801518	-450	9700	450	307550	7166600	0.001
801519	-550	9700	550	307450	7166600	0.001
801520	-600	9700	600	307400	7166600	0.04
801521	-650	9700	650	307350	7166600	0.03
801522	-350	9750	350	307650	7166650	0.305
801523	-400	9750	400	307600	7166650	0.001

801524	-500	9750	500	307500	7166650	0.001
801525	-550	9750	550	307450	7166650	0.185
801526	-400	9800	400	307600	7166700	0.19
801527	-450	9800	450	307550	7166700	0.001
801528	-500	9800	500	307500	7166700	0.001
801529	-550	9800	550	307450	7166700	0.095
801530	-400	9850	400	307600	7166750	0.015
801531	-550	9850	550	307450	7166750	0.02
801532	-600	9850	600	307400	7166750	0.94
801533	-650	9850	650	307350	7166750	0.7
801534	-350	9900	350	307650	7166800	0.025
801535	-450	9900	450	307550	7166800	0.1
801536	-500	9900	500	307500	7166800	0.385
801537	-600	9900	600	307400	7166800	0.29
801538	-650	9900	650	307350	7166800	1.595
801539	-300	9950	300	307700	7166850	0.04
801540	-350	9950	350	307650	7166850	0.015
801541	-450	9950	450	307550	7166850	0.015
801542	-500	9950	500	307500	7166850	0.02
801543	-600	9950	600	307400	7166850	0.02
801544	-650	9950	650	307350	7166850	0.2
801545	-300	10000	300	307700	7166900	0.08
801546	-450	10000	450	307550	7166900	0.001
801547	-500	10000	500	307500	7166900	0.2
801548	-550	10000	550	307450	7166900	0.37
801549	-600	10000	600	307400	7166900	2.835

KRAAIPAN RAB Drill Hole Details - REUNION MINING

KRAAIPAN RAB Drill Hole Details - REUNION MINING	KRAAIPAN RAB Drill Hole Details - REUNION MINING	KRAAIPAN RAB Drill Hole Details - REUNION MINING	KRAAIPAN RAB Drill Hole Details - REUNION MINING	KRAAIPAN RAB Drill Hole Details - REUNION MINING	KRAAIPAN RAB Drill Hole Details - REUNION MINING	KRAAIPAN RAB Drill Hole Details - REUNION MINING
Hole No	Arc1950 East	Arc1950 North	total depth	declination	azimuth	Significant Gold Mineralised Down Hole Intersections
KRP 001	307545	7159700	50	60	90	No Significant Gold Mineralisation Intersected
KRP 002	307625	7159700	5	60	90	No Significant Gold Mineralisation Intersected
KRP 003	307630	7159700	43	90	0	No Significant Gold Mineralisation Intersected
KRP 004	307825	7159700	50	60	270	No Significant Gold Mineralisation Intersected
KRP 005	307850	7159700	50	60	270	No Significant Gold Mineralisation Intersected
KRP 006	308400	7156900	50	60	90	No Significant Gold Mineralisation Intersected
KRP 007	308425	7156900	50	60	90	No Significant Gold Mineralisation Intersected
KRP 008	308450	7156900	50	60	90	No Significant Gold Mineralisation Intersected
KRP 009	308475	7156900	50	60	90	No Significant Gold Mineralisation Intersected
KRP 010	308500	7156900	50	60	90	No Significant Gold Mineralisation Intersected
KRP 011	308375	7156900	50	60	90	No Significant Gold Mineralisation Intersected
KRP 012	308350	7156900	50	60	90	No Significant Gold Mineralisation Intersected
KRP 013	307640	7159700	75	60	90	No Significant Gold Mineralisation Intersected
KRP 014	307665	7159700	75	60	90	No Significant Gold Mineralisation Intersected
KRP 015	307690	7159700	70	60	90	No Significant Gold Mineralisation Intersected
KRP 016	307715	7159700	50	60	90	No Significant Gold Mineralisation Intersected
KRP 017	307740	7159700	50	60	90	No Significant Gold Mineralisation Intersected
KRP 018	307765	7159700	50	60	90	No Significant Gold Mineralisation Intersected
KRP 019	307790	7159700	70	60	90	No Significant Gold Mineralisation Intersected

KRP 020	307615	7159700	75	60	90	No Significant Gold Mineralisation Intersected
KRP 021	307595	7159700	70	60	90	No Significant Gold Mineralisation Intersected
KRP 022	307725	7160100	50	60	270	4m @ 0.31g/t Au from 4m and 2m @ 0.49g/t Au from 46m
KRP 023	307750	7160100	50	60	270	4m@0.60g/t Au from 4m
KRP 024	307850	7160100	50	60	270	No Significant Gold Mineralisation Intersected
KRP 025	307875	7160100	50	60	270	4m@0.60g/t Au from 8m
KRP 026	307900	7160100	60	60	270	No Significant Gold Mineralisation Intersected
KRP 027	307865	7160100	40	75	270	No Significant Gold Mineralisation Intersected
KRP 028	307825	7160100	50	60	270	No Significant Gold Mineralisation Intersected
KRP 029	307800	7160100	50	60	270	2m@0.55g/t Au from 36m
KRP 030	307775	7160100	50	60	270	No Significant Gold Mineralisation Intersected
KRP 031	307645	7160100	36	60	270	No Significant Gold Mineralisation Intersected
KRP 032	307630	7160100	40	60	270	No Significant Gold Mineralisation Intersected
KRP 033	307615	7160100	16	60	270	No Significant Gold Mineralisation Intersected
KRP 034	307548	7160100	36	60	270	No Significant Gold Mineralisation Intersected
KRP 035	307800	7159900	50	60	270	4m@0.59g/t Au from 25m
KRP 036	307775	7159900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 037	307750	7159900	50	60	270	13m @ 1.7g/t Au from 11m, including 3m @ 5.1g/t Au
KRP 038	307825	7159900	50	60	270	15m @ 0.3g/t Au from 9m, including 5m @ 0.7g/t Au
KRP 039	307850	7159900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 040	307600	7159500	36	60	90	No Significant Gold Mineralisation Intersected
KRP 041	307575	7159500	50	60	90	No Significant Gold Mineralisation Intersected
KRP 042	307550	7159500	50	60	90	No Significant Gold Mineralisation Intersected
KRP 043	307525	7159500	50	60	90	No Significant Gold Mineralisation Intersected
KRP 044	307500	7159500	50	60	90	No Significant Gold Mineralisation Intersected
KRP 045	307625	7159500	30	60	270	13m @ 0.5g/t Au from 17m, including 6m @ 0.8g/t Au
KRP 046	307619	7159500	20	60	270	No Significant Gold Mineralisation Intersected
KRP 047	307800	7160900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 048	307775	7160900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 049	307900	7160900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 050	307925	7160900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 051	307875	7160900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 052	307850	7160900	50	60	270	21m @ 1.0g/t Au from 6m, including 5m @ 2.3g/t Au from 27m
KRP 053	307825	7160900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 054	306875	7164300	65	60	90	2m @ 0.98g/t Au from 48m, including 1m @ 1.7g/t Au
KRP 055	306900	7164300	50	60	90	No Significant Gold Mineralisation Intersected
KRP 056	306925	7164300	50	60	90	No Significant Gold Mineralisation Intersected
KRP 057	306950	7164300	50	60	90	No Significant Gold Mineralisation Intersected
KRP 058	306975	7164300	50	60	90	No Significant Gold Mineralisation Intersected
KRP 059	306980	7164700	50	60	270	No Significant Gold Mineralisation Intersected
KRP 060	306955	7164700	50	60	270	12m @ 0.47g/t Au from 8m, including 4m @ 0.81g/t Au from 16m
KRP 061	306930	7164700	50	60	270	19m @ 0.3g/t Au from surface, including 9m @ 0.6g/t Au
KRP 062	306905	7164700	50	60	270	5m@0.39g/t Au from 38m
KRP 063	306525	7163900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 064	306500	7163900	50	60	270	No Significant Gold Mineralisation Intersected

KRP 065	306475	7163900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 066	307875	7164900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 067	307850	7164900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 068	307825	7164900	50	60	270	No Significant Gold Mineralisation Intersected
KRP 069	307800	7164900	55	60	270	No Significant Gold Mineralisation Intersected
KRP 070	307375	7166500	34	60	270	12m @ 0.3g/t Au from 47m, including 6m @ 0.54g/t Au
KRP 071	307400	7166500	50	60	270	No Significant Gold Mineralisation Intersected
KRP 072	306935	7166500	50	75	270	6m@0.32g/t Au from 10m
KRP 073	307330	7166100	50	60	125	5m@0.32g/t Au from 12m
KRP 074	307310	7166080	45	60	125	42m @ 0.6g/t Au from 3m, including 21m @ 0.99g/t Au from 9m
KRP 075	307290	7166120	55	60	125	3m@0.32g/t Au from 25m
KRP 076	306600	7166300	40	60	90	No Significant Gold Mineralisation Intersected
KRP 077	306575	7166300	50	60	90	9m @ 1.1g/t Au from 17m, including 4m @ 2.27g/t Au
KRP 078	306550	7166300	60	60	90	3m@0.31g/t Au from 47m

TABLE 1 – Section 1: Sampling Techniques and Data

Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary
Sampling techniques	Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. 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. submarine nodules) may warrant disclosure of detailed information.	Rock chip samples were collected during reconnaissance regional mapping of the outcrops within the Kraaipan Project area. While the historic rock chip sampling techniques are not well documented, it has been determined that quartz veins were specifically targeted as these were regarded as the most probably rocks to contain gold mineralisation, similar to that found across the border in South Africa at Kalgold, Madibe, Muirs Reef and Blue Dot (Goudplaats, Abelskop and Bothmasrust). As these samples were selective in regards to the quartz veins they are not considered wholly representative of the underlying geology. The weight of the samples was also not recorded however, this is interpreted to be not material due to the early stage of this exploration and the fact that these rock chips were then followed up by bedrock drilling. Percussion drilling (RAB) with adown hole hammer and cyclone was used to obtain a drill chip sample for every metre down hole. Where mineralisation was visible the 1 metre samples were assayed, while geologically controlled 3m or 5m composites were used in barren zones. If any of the 3m or 5m composites returned positive assay results, then all the original 1m samples were re-split and assayed individually. A 1.5 to 2 kg sample was riffle spilt from the recovered drill chip sample and sent for assay. Laboratory preparation included crushing and pulverising of the entire sample to -75um. Then a 50g split was taken for gold analysis using fire assay.
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	Drilling was completed with an Ingersoll Rand ECM350 Crawler Rig and a XHP 750/250 Compressor. Samples were collected from 3.5inch (90mm) diameter holes using Rotary Air Blast (RAB) drilling with adown hole hammer and cyclone. This drilling technique is considered appropriate as it is industry standard for early stage exploration drilling programs, especially for gold exploration in greenstone terranes.

Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. 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 loss/gain of fine/coarse material.	Recovered drill chip samples were weighed in order to assess sample recovery. Sample weight varied between 10 and 20kg depending on the geological unit and recovery was considered to be good. There was no observed bias between sample recovery and grade.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged.	All drill holes were logged in full from start to finish of the hole. The logging was qualitative in terms of lithology, weathering, mineralogy, mineralisation, colour and other features but quantitative in terms of observed estimates of the percentage of various minerals/mineralisation. No photography of the chip trays has been found. The logging of the drill chip samples was appropriate for this early stage of exploration drilling but not for supporting Mineral Resource Estimations, Mining Studies or Metallurgical Studies.

2

Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality 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	Drill chip samples were Riffle Split into the sample bags which were sent to the laboratory. All Rock chip and drill chip samples were dry. Rock chip and drill chip sample preparation was carried out according to industry standard practices at a certified, independent minerals industry analytical laboratory. The sample preparation included oven drying, coarse crushing and pulverisation to 75μm, which is considered appropriate and industry standard for analysis of gold content from this style of mineralisation. Sample sizes are considered to be appropriate for the style and type of mineralisation.

3

Criteria	JORC Code explanation Commentary	JORC Code explanation Commentary
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. • • • • • • • • • • •	Laboratory preparation included oven drying, crushing and pulverising of the entire sample to less than 75um. Then a 50g split was taken for gold analysis using fire assay with Atomic Absorption analysis (AAS) and detection to a detection limit of <0.01ppm. This analysis technique is industry standard for gold mineralisation. Duplicate samples were submitted every 20 samples or less as a control measure. The results from duplicate samples were compared with the corresponding routine sample to ascertain whether the sampling was representative. These results indicated that there was no discernible bias between the routine sample and the duplicate. No standards or blanks were used. At the end of the programme, splits from a number of the best sample drill hole intervals were sent to another laboratory for comparison. All results compared favourably with the original assays. The drill hole assaydata was also checked against loggingfor confirmation.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel. • •	At the end of the programme, splits from a number of the best drill chip sample intervals were sent to another laboratory for comparison. All results compared favourably with the original assays.
	The use of twinned holes.	No twinned holes have been completed yet.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	Drill logs and sampling data were written on paper and then later transferred into excel spreadsheets.
	Discuss any adjustment to assay data.	No adjustments were made to assay data.

4

Criteria	JORC Code explanation Commentary	JORC Code explanation Commentary
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	Rock chip sample points and drill holes were located on a local grid and converted to Arc1950/UTM zone 35S with a 2 point transformation. Local grids were cut using a compass, ranging rods and tape, with lines being pegged with wooden stakes at 25 metre intervals. Base Lines pegs were later cemented for further exploration. Accuracy of rock chip sample points and drill hole collar locations has not been established and therefore they cannot be used in Mineral Resource estimation. No down hole surveys. This is not considered to be material due to the early stage of this exploration and the fact that the bedrock drilling was relatively shallow.
	Specification of the grid system used.	Geodetic Datum: Arc 1950.UTM zone 35S.Arc 1950 references the Clarke 1880 (Arc) ellipsoid and the Greenwich prime meridian. Arc 1950 origin is Fundamental point: Buffelsfontein. Latitude: 33°59'32.000"S, longitude: 25°30'44.622"E (of Greenwich). Arc 1950 is a geodetic datum for Topographic mapping, geodetic survey. UTM Zone
	Quality and adequacy of topographic control.	No topographic control on collar locations but area is a relatively flat savanna (rolling grassland scattered with shrubs and isolated trees), part of the Kalahari Desert.
Data spacing and distribution	Data spacing for reporting of Exploration Results.	Areas where rock chip sampling was conducted was constrained to areas of outcrop where quartz veining was found. Therefore the spatial distribution of rock chip sampling data is controlled by the occurrence of quartz veins. Areas where drilling was completed and the orientation of the drill holes themselves were controlled using the information obtained from mapping the outcropping geological units, rock chip geochemical assay data and ground geophysical data collected. Four main areas were targeted to follow up on anomalous gold rock chip and soil geochemical sampling results. Drill holes were completed alongeast-west trendingfences and were evenlyspaced at

5

Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary
		25m intervals. Holes were mainly drilled at a 60 degree dip, mainly towards either the east or west. Several holes were drilled at 75 degrees, when the outcrop indicated that geological units dipped shallowly. Most holes were drilled to 50 metres depth, except were overburden was greater than 10 metres and then holes were extended to 70-75 metres. In total 78 drill holes were completed for 3,791 metres.
	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	The data spacing and distribution of this drilling is insufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource Estimation.
	Whether sample compositing has been applied.	Geologically controlled 3m or 5m composites of drill chips were used in barren zones. However, if any of the 3m or 5m composites of drill chips returned positive gold assay results, then all the original 1m drill chip samples were re-split and assayed individually.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	Drill holes were orientated perpendicular to the strike of and at a high angle to the geological units that have been observed to contain the gold mineralisation structures/veins. Similar style gold mineralisation within the same geological units at a gold mine 40kms to the south of this area but along strike, has been observed to be contained within two main gold vein orientations. Therefore, structurally oriented diamond core drilling will be needed to establish if multiple orientations of gold veins occur in this area.
	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	As the drill holes were orientated perpendicular to the strike of geological units and drilled at any angle to intersect the geological units at a high angle, it is interpreted that no sampling bias has been introduced. However, further drilling needs to be completed to properly understand the geometry of the mineralised structures within the host geological units to more confidently say there is no sampling bias in relation to the orientation of drilling and the orientation of the mineralised structures.
Sample security	The measures taken to ensure sample security.	No information on sample security from the historic rock chip sampling or drillingis known.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	No information of any audits or reviews of sampling techniques and data from the historic rock chipsamplingor drillingis known.

6

TABLE 1 – Section 2: Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.	Prospecting Licence No. PL232/2016. South East Metals (Pty) Ltd, which is incorporated in Botswana and holds the Kraaipan Project tenure is a wholly owned subsidiary of Kraaipan Founders Pty Ltd, which is incorporated in Australia.
	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.	Tenure was granted on the 1stof October 2016 for a period of three years. There is no known impediments to obtaining a licence to operate in this area.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	The rock chip samples and drill holes reported here were completed by Reunion Mining (Botswana) (Pty) Ltd, a wholly owned subsidiary of Reunion Mining plc, a Private Limited Companybased in London,UK.

7

Criteria	JORC Code explanation	Commentary
Geology	Deposit type, geological setting and style of mineralisation.	The Kraaipan Project covers an approximately 50 kilometre long stretch of the Kraaipan Greenstone Belt (KGB) in Southern Botswana. The KGB is a part of the larger Amalia-Kraaipan Greenstone Terrane of the Kaapvaal Craton (AKGB), consisting of north trending, linear belts of older Archaean (~3500 Ma) meta-volcanic and meta-sedimentary rocks, separated by granitoid units. The KGB in Botswana is interpreted to be highly prospective for both orogenic gold and magmatic nickel-copper-PGM sulphide mineralisation as these rocks are directly along strike and within the same geological units as the well-known Kalgold (over 4.0 million ounces of gold) and Kalplats (over 6.5 million ounces of PGMs) deposits across the border in South Africa. The gold mineralisation identified by previous exploration within the KGB is distinctly similar to that found at Kalgold. It occurs in shallow dipping (approximately 65°E) quartz-carbonate veins, found in clusters or swarms, within a steeply dipping, sub-greenschist facies, magnetite-chert, banded iron formation (BIF) rock units. While, the mineralisation at Kalgold is associated with two sub horizontal quartz-carbonate groups of veins (IIA and IIB), which also dip shallowly at 20 to 40°W. Group IIA are ladder veins preferentially developed in centimeter-scale Fe-rich mesobands, while Group IIB consists of large quartz- carbonate veins, which crosscut the entire orebody and extends into the footwall and hanging-wall in places. In both areas the gold mineralized veins are associated with disseminated sulphide mineralisation, dominated by pyrite, which is distributed around and between the shallowly dipping quartz vein swarms.
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length.	See Appendix 1 for this information.

8

Criteria	JORC Code explanation	Commentary
	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.	This information has not been excluded.
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.	The gold grade of the longer, lower grade intersection lengths were calculated using a weighted average method with a 0.1g/t Au cut-off. The gold grade of the shorter, higher grade intersection lengths was calculated using a weighted average method of either 0.3g/t Au, 0.5g/t Au or 1g/t Au cut-off depending on whatever was the highest-grade interval that could be defended over at least 3 metres. No higher-grade assay results were interpreted to be outlying enough for a top-cut to be used. Internal dilution (an assay result lower than the cut-off) was included in some instances where the weighted average remained above the cut- off grade between the start of the interval and the assay result that was lower than the cut-off.
	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.	See above explanation of the procedure of the weighted average intersection reporting used.
	The assumptions used for any reporting of metal equivalent values should be clearly stated.	No metal equivalents used.
Relationship between mineralisation widths and intercept lengths	If the geometry of the mineralisation with respect to the drill-hole angle is known, its nature should be reported.	Drill holes were orientated perpendicular to the strike of and at a high angle to the geological units that have been observed to contain the gold mineralisation structures/veins. However, further drilling (especially structurally oriented diamond core) needs to be completed to properly understand the geometry of the mineralised structures within the host geological units to more confidently understand the angle between the orientation of drilling and the orientation of the mineralised structures within the host geological units.
	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 width not known’).	All assay intervals results reported in this announcement are downhole lengths.
Diagrams	Appropriate maps and sections (with scales) and tabulations of	See Figure 5 for a map of the historic RAB drilling. See Figure 6 for various

9

Criteria	JORC Code explanation	Commentary
	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.	cross-sections from the historic RAB drilling. All drill hole results have been reported in Appendix 1.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	Not applicable as all rock chip sampling and drill hole results have been reported in Appendix 1.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported) including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	The only other material exploration data that is only briefly mentioned in this announcement is the Reunion soil geochemical survey results that are shown as an underlay in Figure 5. These soil geochemical survey results were used to plan the historic exploration drilling that is discussed in this announcement.
Further work	The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).	Twin historic drill holes with structurally oriented diamond core help understand the relationship between the host geological units and the mineralised veins, as well as test the veracity of the historic assay results. Drill test lateral extensions of gold mineralisation in order to determine if a mineral resource can be defined in this area. Drill other geochemical and geophysical exploration targets in order to try to find gold or nickel-copper -PGM mineral resources.
	Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	It is difficult to interpret the areas of possible extensions without the use of the results from the structurally oriented diamond core that is planned to be completed to twin some of the more significant historic drill holes. As this work progresses interpretations and the definition of targets will be announced.

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