Announcement PDF ASX Code: IPT MARCH 25th 2026 CORPORATE RELEASE Commonwealth–Silica Hill JV Update Kuniko completes Phase 1 diamond drilling All six drill holes intersected mineralisation New offset sulphide zone identified at Silica Hill Impact Minerals Limited (ASX:IPT) is pleased to advise that the diamond drill programme at the Company’s Commonwealth Gold–Silver Project in New South Wales has been completed with all six drill holes intersecting mineralisation. The programme was funded by Kuniko Limited (ASX:KNI) under the Earn-In and Joint Venture Agreement where Kuniko can earn up to a 70% interest in the project (ASX:KNI Release March 26th 2026, which is attached). Highlights: ▪ New Discovery at Silica Hill: Significant sulphide mineralisation intersected in hole CMKNI004, comprising a broad 70m visual zone of disseminated and stringer sulphides, including a 0.5m massive sulphide vein. The intersection lies approximately 100m outside the previously modelled mineralisation wireframe and defines a new mineralised zone that remains open up-dip, down-dip and along strike (Figure 1). ▪ Additional Mineralisation at Commonwealth South: Holes CMKNI005 and CMKNI006 intersected variable widths of disseminated and stringer sulphide mineralisation, both outside existing identified mineralisation. ▪ Phase I Program Completed: A total of six diamond holes completed for 1239m, marking completion of the Phase 1 drilling program. ▪ Assays Pending: First assay results are expected in early April. ▪ Phase II Program: Kuniko are now positioned to advance into a larger Phase II drilling program, targeting resource expansion and follow up of newly identified mineralised zones. Impact’s Managing Director, Dr Mike Jones, said, “Kuniko’s completion of the Phase 1 diamond drilling program is an important milestone for the Commonwealth–Silica Hill Project. The identification of a substantial new offset sulphide zone at Silica Hill, located outside the previously modelled mineralisation, together with further sulphide intersections at Commonwealth South, highlights the potential for the system to significantly extend beyond current interpretations. With assays expected in early April and Phase II planning underway, we look forward to ongoing results and updates as Kuniko advances the project”. ASX:IPT | ABN 52 119 062 261 2 Figure 1. Oblique view looking south west showing the current Silica Hill Mineralisation Block Model and drillhole CMKNI004. A new zone of mineralisation is highlighted in purple and is located below a fault, suggesting it is a fault offset of the Silica Hill mineralisation. The new zone is about 100m outside the previously modelled mineralisation wireframe, defining a mineralised zone that remains open up- and down-dip and along strike. Kuniko has now successfully completed its Phase 1 diamond drilling program to explore extensions of the high-grade gold–silver mineralisation at Commonwealth Main, Silica Hill, and Commonwealth South. The program follows the completion of a comprehensive MobileMT™ airborne geophysical survey and soil and rock chip geochemistry programs, which have significantly expanded the exploration footprint across the Project, identifying a roughly 4-kilometre-long conductive corridor that extends beyond the currently defined resources (IPT ASX Release February 9th 2026). Impact previously defined JORC (2012) Inferred Mineral Resources at Commonwealth and Silica Hill, totalling 88,800 ounces of gold and 3.3 million ounces of silver, including significant zinc and lead credits (see ASX Release September 4th 2025 for a summary). These resources are shallow, within approximately 250 metres of surface, and remain open at depth and along strike. Importantly, copper values increase at depth in parts of the system, highlighting the potential for a deeper porphyry copper–gold source beneath the high-sulphidation, gold-rich VMS mineralisation. The current drilling program is testing down-plunge and along-strike extensions to known mineralisation, as well as priority geophysical targets identified by the MobileMT™ survey. ASX:IPT | ABN 52 119 062 261 3 Additionally, recent soil and rock chip sampling by Kuniko at Gladstone West and Geenobby has yielded promising high-grade gold–silver results, and further walk-up drill targets have been identified. Commonwealth is a very unusual gold-rich VMS system in Australia with strong similarities to the world-class Eskay Creek deposit in the famed Golden Triangle of British Columbia. With defined resources already in place and compelling deeper copper targets, this drilling program marks an important step in unlocking the full potential of the Project. Under the Earn-In and Joint Venture Agreement, Kuniko can earn a 51% stake by spending $1.5 million within two years, and increase to 70% by spending an additional $1.5 million within the following two years. Impact retains a 30% free-carried interest until the Decision to Mine, offering substantial leverage to exploration success. At a 30% interest, Impact can either contribute or dilute down to 10% and then convert to a 2% Net Smelter Royalty. Dr Michael G Jones Managing Director ASX Release 25.03.2026 - 1 – New Offset Mineralised Zone Discovered at Silica Hill Phase 1 Drill Program Completed with Assays Pending Highlights: ▪ New Discovery at Silica Hill: Significant sulphide mineralisation intersected in hole CMKNI004, comprising a broad 70m visual zone of disseminated and stringer sulphides, including a 0.5m thick sulphide vein. The intersection lies approximately 100m outside the previously modelled mineralisation wireframe and defines a new mineralised zone that remains open up-dip, down-dip and along strike. ▪ Additional Mineralisation at Commonwealth South: Holes CMKNI005 and CMKNI006 intersected variable widths of disseminated and stringer sulphide mineralisation, both outside existing identified mineralisation. ▪ Phase I Program Completed: A total of six diamond holes completed for 1239m, marking completion of the Phase 1 drilling program. ▪ Assays Pending: First assay results are expected in early April. ▪ Phase II Program: Now positioned to advance into a larger Phase II drilling program, targeting resource expansion and follow up of newly identified mineralised zones. Figure 1: Leapfrog cross-section viewshowing the currentSilicaHillMineralisation Block Model and drillhole CMKNI004intersectinga new zoneof mineralisation located approximately 100m outside the previously modelled mineralisation wireframe, defining a mineralised zonethat remains open up- and down-dip and along strike. - 2 – Maja McGuire, Managing Director, commented: “This marks a significant step forward for Silica Hill and the success of our maiden drilling program. The intersection of a broad 70m sulphide zone in hole CMKNI004, including a 0.5m thick sulphide vein, is particularly encouraging given it lies approximately 100m outside the previously modelled mineralisation and defines a new mineralised zone. With mineralisation remaining open in all directions, and additional sulphide intersected at Commonwealth South outside the existing identified mineralisation, we see strong potential to expand the system. With Phase I now complete and assays pending, we are well positioned to advance into a larger Phase II program targeting resource growth and follow-up of these newly identified zones, and we look forward to updating the market as assay results become available. Kuniko thanks Titeline Drilling for the safe and efficient execution of the diamond drilling program and acknowledges the continued cooperation and support of the local landholder.” Kuniko Limited (ASX: KNI) is pleased to report the discovery of a new offset zone of sulphide mineralisation at the Silica Hill prospect, locatedapproximately 100m outside the previously modelled mineralisation. The mineralisation was intersected in hole CMKNI004 as part of the recently completed Phase I diamond drilling program and is interpreted to represent a down-dip extension of the Silica Hill system, remaining open up- and down-dip and along strike. This announcement reportsgeological observations from the recently completed Phase I drilling program. Laboratory assay resultsfor the current drilling are pending and are expected in early April. Historical assay resultsare referenced for context only. New Mineralised Zone Discovered at Silica Hill Hole CMKNI004 was designed to test a previously modelled fault plane interpreted to bound mineralisation along the southern margin of the Silica Hill lode. The fault was intersected at a greater depth than initially planned and returned a 0.5m thick sulphide vein (Figure 2) comprising arsenopyrite–pyrite–proustite, followed by a broad 70m zone of disseminated and stringer sulphide mineralisation hosted within sericite-altered rhyolite porphyry (Figure 3). Mineralisation comprises multiple narrow stockwork-style veins and veinlets, together with disseminated sulphides within the host rhyolite porphyry. This represents the deepest drilling completed to date at Silica Hill, highlighting significant untested potential at depth and along strike. The style of mineralisation is consistent with, and may represent, a down-dip extension of the Silica Hill system. Historical drilling in the vicinity has returned significant intercepts, including 41 m @ 2 g/t Au and 147 g/t Ag in CMIPT046 and 22.5m @ 1.7 g/t Au and 276 g/t Ag (including 0.3m @ 4,200 g/t Ag) in CMIPT077 highlighting the high-grade tenor of the system. Importantly, CMKNI004 represents a significant step-out beyond the previously modelled mineralisation, confirming mineralisation extends outside the existing wireframe and defining a new target zone. Follow-up drilling is planned totest the extent of this mineralisation which is open up-and down-dip andalong strike. - 3 – Figure 2: Diamond drillcore(HQ) fromhole CMKNI004 from230.4m to230.9m, showing a ~50cm massivesulphide vein comprising approximately 85% pyrite, arsenopyrite and proustite, hosted within sheared rhyolite porphyry. Figure 3: Diamond drillcore (HQ) from hole CMKNI004 from285.02mto 292.2m, showing stockwork style arsenopyrite–pyrite–proustitestringer veins within sericite-altered rhyolite porphyry. Cautionary Note – Visual Estimates of Mineralisation:‘Visualestimates of mineralabundance should neverbe considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principaleconomic interest. Visualestimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. - 4 – Drill Program Completed Phase I drilling has now been completed, comprising six diamond drill holes for a total of 1,239m. The program was designed to test extensions to mineralisation at Commonwealth and Silica Hill. Encouragingly, all six holes intersected visible sulphide mineralisation, representing a strong start to Kuniko’s maiden drill program. Planning for Phase II follow-up drilling is already underway. At Silica Hill, drilling successfully identified a new mineralised zone approximately 100m outside the previously reported mineralisation, while CMKNI003 was completed as a resource infill hole. At Main Shaft, both holes CMKNI001 and CMKNI002 intersected massive sulphide mineralisation (refer ASX Announcement dated 5 March 2026). CMKNI001 was drilled as a resource infill hole, while CMKNI002 represents a significant step-out from the previously reported mineralisation, with mineralisation remaining open at depth. At Commonwealth South, holes CMKNI005 and CMKNI006 were drilled as step-out holes targeting extensions to known mineralisation. CMKNI005 intersected approximately 30m of disseminated sulphides and stringer veins hosted within rhyolite porphyry andthe footwall sequence. A deeper IP target wasalso tested; however, the anomaly is interpreted to be related to black shale units, which are known to produce strong IP responses. CMKNI006 intersected approximately 33m of similar-style mineralisation, and was drilled down-dip of historical hole CMIPT017 (7m @ 25 g/t Au, 62 g/t Ag, 2.8% Zn and 1.6% Pb). All drill core has now been cut and dispatched for assay, with first results expected in early April. Kuniko looks forward to updating shareholders as results are received. Figure 4: Plan map of Commonwealth and SilicaHillblock models showingthesix KNI drillholes (white traces) designed totestinfilland extensions to the Impact Minerals ‘previously reported mineralisation. - 5 – Next Steps 1. Report assay results for Phase I drilling program in early April. 2. Plan and design a Phase II drilling program to support the Company’s expansion and delivery of a maiden mineral resource estimate at Commonwealth–Silica Hill. 3. Undertake integrated geophysical and geochemical review, with Resource Potentials currently analysing MobileMT, geochemistry and geophysics datasets to identify additional drill targets. 4. Assessment of Gradient Array Induced Polarisation (GAIP) survey data across Geenobby and Gladstone West to identify zones of sulphide development and associated hydrothermal alteration. 5. Advance drill targeting at Gladstone West and Geenobby, with permitting to commence for a regional drill program. Appendix *Sulphide tenor py=pyrite; sp=sphalerite; ga=galena; cpy=chalcopyrite; asp=arsenopyrite; pro=proustite Table 1: Preliminary Observations of sulphide zones intersected in recent diamond drilling. Table 2: Drill collar table of 6 diamond holes drilled to date totalling 1239 m of drilling. Hole ID From To Interval (m)Estimated Total Sulphide % SulphideTenor Preliminary Observations CMKNI004 223.5 226 2.5 3 asp>py>pro Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI004 226 230.45 4.45 5 to 10 asp>py>pro Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI004 230.45 230.9 0.45 85 asp>py>pro Massive sulphide vein CMKNI004 230.9 235.6 4.7 10 asp>py>pro Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI004 235.6 242 6.4 2 py>asp Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI004 242 249.6 7.6 4 py>asp Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI004 249.6 264 14.4 5 asp>py>pro>sp Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI004 264 281.4 17.4 2 asp>py>pro Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI004 281.4 290 8.6 5 to 10 asp>py>pro>sp Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI004 290 300 10 5 asp>py>pro Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI004 305.3 309.6 4.3 2 py>asp Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI005 90.4 97 6.6 5 py>cpy>sp Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI005 97 99.3 2.3 2 py>cpy Brecciated rhyolite porphyry CMKNI005 99.3 105.2 5.9 5 py>sp Brecciated rhyolite porphyry CMKNI005 105.2 110.15 4.95 1 py>sp Footwallsediments and stringer veins CMKNI005 110.15 114.6 4.45 10 py>sp>cpy Footwallsediments and stringer veins. Large 20cm vein CMKNI005 114.6 124 9.4 3 py>sp>cpy Footwallsediments and stringer veins CMKNI006 78.8 86 7.2 3 py>sp Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI006 86 97.2 11.2 2 py>sp Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI006 97.2 104 6.8 2 py>sp>cpy Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI006 104 107.3 3.3 4 py>sp Disseminated and Stringer Sulphides within rhyolite porphyry CMKNI006 107.3 112.3 5 2 py>sp Footwallsediments and stringer veins Hole ID Grid ID Easting Northing RL Dip Azimuth Depth(m) CMKNI001 MGA94_55 692232.9 6392946.4 361.38 -54.63 224.73 174 CMKNI002 MGA94_55 692257.11 6392910.2 365.14 -69.44 234.02 192.9 CMKNI003 MGA94_55 692341.11 6393007.5 390.46 -63.98 256.82 173.1 CMKNI004 MGA94_55 692343.68 6393010.7 390.48 -70.75 308.3 326.4 CMKNI005 MGA94_55 692297.1 6392723.9 340.37 -65.64 245.17 219.4 CMKNI006 MGA94_55 692334.05 6392603.6 361.58 -66.65 241.05 152.8 - 6 – Commonwealth Gold–Silver Project Overview The Commonwealth Project lies ~100 km north of Orange, NSW, within the prolific Lachlan Fold Belt — a Tier-1 region hostingmajoroperations such as Cadia–Ridgeway, North Parkes and Cowal (Refer: Figure 5). TheProject comprises: • Commonwealth deposit: a volcanogenicmassivesulphide(VMS) style system containinggold, silver, zinc, lead and copper. • Silica Hill deposit: an epithermal/VMS hybrid system with high-gradesilver-gold shoots within broader zones. • Regional upside: multipleuntested targets includingSilica Hill East, Geenobbys and Gladstone, where geophysical and geochemical anomalies remain untested by drilling. Impact Minerals has previously noted thattheCommonwealth mineral system shares geological characteristics with several globally recognised VMS–epithermal deposits, such as Eskay Creek in Canada, where precious metals are closely associated with volcanic-hosted sulphidemineralisation1 .Theseanalogies providevaluable context for Kuniko’s exploration approach while the Company continues to develop its own geological model specific to the Lachlan Fold Beltsetting. Impact Minerals has previously reported JORC (2012) Inferred Mineral Resource Estimates at both Commonwealth and Silica Hill (Refer: Impact Minerals ASX releases dated 2September 2016, 1 February 2018 and 22 August 2019). Theseestimates demonstrate thepresence of significant gold and silvermineralisation within a broadersystem that remains open alongstrikeand depth.Kuniko notes that ithas notindependently verified oradopted theseestimates, and they should notberelied upon as Kuniko’s own.DuringStage-1, Kuniko intends to undertake technical work and, if appropriate, validate and update the estimates through its own Competent Person. Figure 5: Location of the Commonwealth & Silica Hill Project and major gold–copper depositswithin the Lachlan Fold Belt. The Silica Hills prospect is approximately 200 m northeast of the northern extent of the Commonwealth prospect. 1 ASX:IPT “New drill targets along the Welcome Jack trend, Commonwealth Project, New South Wales” released 13 Apr. 2018. - 7 – Figure 6: Location of Kuniko’sexploration licencesand key prospectswithin the CommonwealthGold– Silver Project, central NewSouth Wales. The project covers five granted exploration licences (EL8212, EL8252, EL8504 and EL8505) encompassing multiple gold–silver–base-metal prospects, including Commonwealth, Silica Hill, Gladstone, Geenobby and Pine Hill, situated along the highly prospective Lachlan Fold Belt. - 8 – About Kuniko Kuniko Limited (ASX: KNI) is a mineral exploration company advancinga diversified portfolio ofstrategic and critical mineral projects aligned with the global energy transition and economic security objectives. The Company’s portfolio now includes gold, silver and base metals in Australia alongsidecopper, nickel, and cobaltprojects in the Nordics, and it is committed to high ethical and environmental standards forall company activities. Key assets include: ▪ Commonwealth Gold–Silver Project (NSW, Australia): Binding earn-in and JV with Impact Minerals (ASX: IPT) to earn up to 70% of a VMS/epithermal gold-silversystem in the Lachlan Fold Belt, hostingJORC(2012) Inferred Mineral Resource Estimates at Commonwealth and Silica Hill. ▪ Ertelien Nickel-Copper-Cobalt Project located in southern Norway, Ertelien hosts a JORC (2012) Mineral Resource Estimate reported by Kuniko of 40Mt@ 0.25% NiEq, including22Mt ofIndicated and 18Mtof Inferred resources (Refer: ASX release dated 12 December 2024) *. ▪ Ringerike Battery Metals Project: a license package hosting multiple Ni-Cu-Co-PGE targets across a 20km mineralised trend, anchored by theErtelien deposit. ▪ Skuterud Cobalt Project: has had over 1 million tonnes of cobalt ore mined historically and was once the world’s largest cobalt producer. Kuniko’s drill programs have seen multiple cobalt intercepts, including high grade from shallow depths, at thepriority “Middagshvile”target. ▪ Vågå Copper Project: A VMS-style copper project with large-scale geophysical anomalies and near-surface targets, includinga prospectivehorizon with a knownstrikeextentof~9km.Afurther shallow conductorcan also betraced for several kilometres. Kuniko is committed to ethical sourcing and responsible development. Across all projects, Kuniko prioritises low-carbon operations, transparent stakeholder engagement, and alignment with the United Nations SustainableDevelopmentGoals.Its Norwegian operations benefitfrom access to 98% renewable energy. * Note: The individual average grades are 0.18% nickel, 0.12% copper, and 0.014% cobalt. Nickel equivalent (NiEq)was calculated using theformula: NiEq(%)= Ni% + (Cu% × 0.4091) + (Co% × 1.8182), based on metal prices of US$22,000/t Ni, US$9,000/t Cu, and US$40,000/t Co. Preliminary metallurgical test work conducted at SGS Canada indicates potential nickel recoveries of 70–75% and copper recoveries of up to 90%. The company believes, based on this work and comparison with similar deposits, that all metals used in the NiEq calculation have a reasonable potential to be recovered and sold. Forward Looking Statements Certain information in this document refers to the intentions of Kuniko, howeverthese are notintended to beforecasts, forward lookingstatements, or statements aboutthe future matters for thepurposes of the Corporations Act or any other applicable law. Statements regarding plans with respect to Kuniko’s projects are forward looking statements and can generally be identified using words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions.There can beno assurance that the Kuniko’s plans forits projects will proceed as expected and there can be no assurance offuture events which are subject to risk, uncertainties and otheractions that may cause Kuniko’s actual results, performance, orachievements to differ from those referred to in this document. Whilethe information contained in this document has been prepared in good faith, there can be given no assuranceor guarantee thatthe occurrence of these events referred to in the document will occur as contemplated. Accordingly, to the maximum extent permitted by law, Kuniko and any ofits affiliates and theirdirectors, officers, employees, agents and advisors disclaim anyliability whetherdirect or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy, reliability orcompleteness ofthe information in this document, or likelihood offulfilmentofany forward - lookingstatement or any event orresults expressed or implied in any forward-lookingstatement; and do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward -looking statement orany eventorresults expressed orimplied in any forward-lookingstatement; and disclaim all responsibility and liability fortheseforward-lookingstatements (including, withoutlimitation, liability for negligence). - 9 – Competent Person Statement Theinformation in this announcementthat relates to Exploration Results is based on, and fairly reflects, information compiled or reviewed by James Cumming, a Competent Person who is a Member of the Australian Institute ofGeoscientists. Mr Cumming has sufficient experience relevant to the style of mineralisation and type of depositunder 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 (JORC Code). Mr Cumming is a consultant geologist to Kuniko Limited and consents to the inclusion in this announcementofthe matters based on his information in theform and contextin which itappears. This announcement includes a summary of historic drilling, soil sampling and rock-chip assay results originally reported by Impact Minerals Limited (ASX: IPT) between 2016 and 2023. Mr Cumming was employed by ImpactMinerals during part of that period and has reviewed the original datasets, sampling procedures, analytical methods and QA/QC records. Based on this review and his prior involvement, he considers the historicresults to beaccurate and suitable for re-release by Kuniko Limited in accordance with the JORCCodeand ASX ListingRules. No new information Except where explicitly stated, this announcementcontains references to priorexploration results, all of which have been cross-referenced to previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in therelevant market announcements. This announcementincludes historical assay results that are now released by Kuniko under Listing Rule 5.7.TheCompany confirms thatitis notawareofany new information thatmaterially affects thehistorical results as originally reported. The information in this report relating to the Mineral Resource estimate for the Ertelien Project is extracted from the Company’s ASX announcements dated 12 December 2024. KNI confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continueto apply. Enquiries Maja McGuire, ManagingDirector Telephone: +61 422 764 633 Email: mmc@kuniko.eu Joel Ives, Company Secretary Telephone: +61 86364 5095 Email: info@kuniko.eu Authorisation This announcementhas been authorised by theBoard ofDirectors ofKuniko Limited. - 10 – ANNEXURE – JORC Code, 2012 Edition – Table 1 Note: The following JORC (2012) Table 1 information relates to explorationresults fortheCommonwealth and Silica HillProjects, including GeenobbyandGladstone West prospects. Thedataoriginate from historicalwork completed by Impact Minerals Ltdandhavebeenreviewedby Kuniko’s Competent Person.Kunikois not reporting or adopting any MineralResource Estimate, and Section 3 of the JORC (2012) Table 1 is therefore not included. Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections) 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, suchas down hole gammasondes, or handheld XRF instruments, etc). Theseexamples should not be taken as limitingthe broad meaning of sampling. • Include reference to measures taken to ensure samplerepresentivity 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. ‘reversecirculation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 gcharge for fire assay’). Inother cases more explanation maybe required, suchas where there is coarse goldthat has inherent samplingproblems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. • This announcementcovers thecompletion of 6 diamond holes attheCommonwealth- Silica Hill project. Receipt ofassays is awaiting. No new assays reported. Current Drilling • No assay results are reported in this announcement. Sampleinterval selection for submitted core was guided by geological logging, alteration, veiningand observed sulphidemineralisation • Diamond drill core(HQ3 diameter) was cut in halfusing a diamond saw, with onehalf retained in the core trays for reference and theotherhalfsubmitted for analysis. Samplingintervals were determined based on geological boundaries and typically ranged between approximately 0.2 m and 1.0 m. • Half-core samples were placed in labelled calico bags and transported to SGS Orange (NSW) for samplepreparation. Prepared pulps were subsequently transported to SGS Perth (WA) forgeochemical analysis. • Gold analyses wereundertaken using 50 g fire assay with AAS finish, with gravimetric finish used for over-limitresults. Multi-element analyses werecompleted usinga four-acid digestion followed by ICP-OES and ICP-MS finish, which is considered a near-total digestion suitable forbasemetal and pathfinderelement determination. • Industry standard QAQC procedures were implemented includingthe insertion of certified reference materials, blanks and duplicatesamples at regular intervals within thesamplestream. • All intervals were logged and recorded in KNI standard templates and saved in the Company’s database.Data included: From To measurements, lithology, veining, alteration, structures and magnetic susceptibility. - 11 – Criteria JORC Code explanation Commentary Drilling techniques • Drill type (e.g. 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). • Diamond drillingwas undertaken by Titeline DrillingPty Ltd usinga small-footprint track-mounted diamond drill rig. • Drilling was completed usingHQ3 triple tube diamond core, which was selected to maximisecore recovery and maintain samplequality through zones ofsulphide mineralisation. • Drill core was retrieved in standard corebarrels and placed into labelled coretrays. Core was reconstructed into continuous runs on an angleiron cradle fororientation marking and geological logging. Core depths were checked against the driller’s core blocks and rod counts wererout