Announcement PDF ASX ANNOUNCEMENT Date: 20 August 2020 Number: 700/200820 DRILLING UPDATE, BROKEN HILL PROJECT NSW Reverse Circulation (RC) drill rig commences drilling at Platinum Springs. Three prospects to be drill tested to follow up previous drill intercepts such as: 2.75 metres at 3.5 g/t platinum, 7 g/t palladium, 0.4 g/t gold, 2% copper, 1.9% nickel and 11.6 g/t silver from 55 metres down hole; and 1.5. metres at 1.7% nickel, 1.3% copper, 4.3 g/t palladium, 3.05 g/t platinum and 1.08 g/t gold RC rig to move to Little Broken Hill Gabbro to speed up progress following unseasonal wet weather. Impact Minerals Limited (ASX:IPT) is pleased to announce that drilling has now commenced at the Platinum Springs Prospect at the company’s Broken Hill nickel-copper-platinum group metal (PGM) project in New South Wales (Figure 1). Platinum Springs is one of three prospects, together with Red Hill and Little Broken Hill Gabbro, that are to be drill tested as part of the current campaign to follow up previous high grade drill intercepts and other encouraging exploration results from previous geophysical and geochemical surveys. The Platinum Springs prospect lies at the southern end of a major nine kilometre long dyke called the Moorkai Trend that has very high grade nickel-copper-PGM’s in previous rock chip samples in many places along the entire trend (Figure 2, ASX Release 3rd February 2016). Three main target areas at the southern end of the Moorkai Trend will be tested by reverse circulation drill holes: Platinum Springs, Plat Central and Plat West. These areas cover three parts of a significant change in trend of the dyke from north-south to east-west over a distance of about 1,500 metres (Figures 3 and 4). The dyke is poorly exposed at surface around this change in trend and previous drilling has been focussed on areas of outcrop (Figure 3). However, a compilation of previous drilling and ground magnetic data shows that the dyke is much thicker in the areas under cover than previously recognised and these areas are relatively untested in many places (Figure 4). Previous Drill Results All three targets have had previous encouraging drill results including two diamond drill holes completed by Impact at Platinum Springs (ASX Release 3rd February 2016). None of these have been followed up. 26 Richardson Street West Perth Western Australia 6005 Tel +61 (8) 6454 6666 Facsimile +61 (8) 6454 6667 Email info@impactminerals.com.au www.impactminerals.com.au Drill results from the other prospects have not been previously reported under the JORC 2012 code. Accordingly, all previous drill collars are listed in Table 1 and significant intercepts in Table 2 at the end of this report. Details on the various drill programmes completed by previous explorers are given in the JORC Table. Figure 1. Location of Impact’s tenements in the Broken Hill area and key prospects for nickel-copperPGM mineralisation. Platinum Springs, Red Hill and Little Broken Hill Gabbro are in the NE of the map. Figure 2. Rock chip samples results from along the Moorkai Trend. Figure 3 and 4. Surface geology (left) and image of magnetic data (right) of the Platinum Springs area showing key prospects and previous drill results. Platinum Springs The majority of previous work has focussed on the Platinum Springs Prospect (previously called Mulga Springs) where near surface gossans were first recorded. Numerous drill holes tested the dyke at depth. However, this work was mostly done with a model of a large layered intrusion in mind in which high grade PGM’s were expected along a large strike length of the host intrusion. Work by Impact suggests that a Kambalda-style structural channel or even chonolith is a more appropriate geometric model to follow. Such styles of nickel-copper-PGM sulphide mineralisation are more challenging to discover, but once confirmed can persist for long distances down plunge. Impact’s drill hole PSD02 (ASX Release 3rd February 2016) intersected a narrow unit of magmatic nickelcopper-PGM sulphides in a structural channel at the base of the ultramafic unit that returned: 0.6 metres at 11.5 g/t platinum, 25.6 g/t palladium, 1.4 g/t gold,7.6% copper, 7.4% nickel and 44.3 g/t silver from 57.1 metres down hole within a broader intercept of 2.75 metres at 3.5 g/t platinum, 7 g/t palladium, 0.4 g/t gold, 2% copper, 1.9% nickel and 11.6 g/t silver from 55 metres down hole. This hole was close to a previous drill intercept in (DD) MS 04 of: 2 metres at 3% nickel, 3.57% copper and 8.4 g/t platinum including 0.9 metres at 18.8 g/t platinum, 7.5% nickel and 8.1% copper. Palladium and gold were not assayed. Together, assays from previous drill holes have defined an area that is at least 200 metres long and up to 20 metres wide at greater than 1 g/t combined PGM’s (Pt-Pd-Au) (Figure 5). Drill testing will be focussed on tracking the massive sulphide unit to the north and north west. Figure 5. Geology and location of PSD01 and PSD02, previous drill holes and contoured data of previous drill assays for platinum, palladium and gold (summed from down hole intervals). Plat West At Plat West three previous drill holes returned significant results (Figures 3 and 4). Hole PMS07 returned: 1.52 metres at 1.72% nickel, 1.25% copper, 4.3 g/t palladium, 3.05 g/t platinum and 1.08 g/t gold (8.4 g/t 3PGM) from 135.6 metres down hole. Hole DDMS07 returned 1.5 metres at 1.25% nickel, 0.4% copper and 3.8 g/t palladium, 2.7 g/t platinum and 1 g/t gold from 158 metres down hole. Both of these intercepts came from sulphide rich zones at the base of the dyke. In addition, Hole MWC003 returned 18 metres at 0.75 g/t 3PGM from 94 metres down hole including 3 metres at 2 g/t 3PGM (Table 1). This is a much thicker zone of PGM compared to most other drill intercepts and suggests that the dyke may have zones with larger bulk mining potential as well as basal sulphides. All of these zones are open at depth and down plunge and will be drill tested. Plat Central At Plat Central numerous shallow drill holes tested the dyke close to the fold axis (Figures 3 and 4). About ten drill holes returned anomalous platinum-palladium-gold values over an area of several hundred square metres. Of note, about 200 metres to the south west of the centre of the target, is a small historic shallow digging called the Mulga Springs Copper Prospect (Figure 3). The copper mineralisation is associated with socalled Broken Hill lode rocks characteristic of the alteration around early silver-lead-zinc-copper sulphide mineralisation. The lode rocks trend towards the Moorkai dyke at Plat Central and the intersection point is considered an important target to be tested. A similar intersection is a key component of the mineralisation at Impact’s Red Hill prospect where very high-grade nickel-copper-PGM’s are also associated with previously mineralised copper-bearing Broken Hill lode rocks. The early sulphide mineralisation may have helped trigger sulphide precipitation when intruded and absorbed by the Moorkai ultramafic dyke. Little Broken Hill Gabbro At Little Broken Hill Gabbro progress has been hindered by unseasonal wet weather which has reduced access to the drill site under the Land Access Agreement with the station owner. In addition, the aircore rig has not had the penetration rate promised and progress has been slower than anticipated. Accordingly, the aircore rig is being retired and will be replaced the RC rig when it has competed the programme at Platinum Springs. COMPLIANCE STATEMENT This report contains collar locations for 96 drill holes and assay data for 27 drill holes drilled by previous explorers that have not been reported previously in accordance with the JORC 2012 Code. Dr Mike Jones Managing Director The review of exploration activities and results contained in this report is based on information compiled by Dr Mike Jones, a Member of the Australian Institute of Geoscientists. He is a director of the company and works for Impact Minerals Limited. He has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mike Jones has consented to the inclusion in the report of the matters based on his information in the form and context in which it appears. TABLE 1. DRILL HOLE DETAILS FROM PREVIOUS NON-IMPACT DRILLING AT PLATINUM SPRINGS Hole ID DDMS1 DDMS2 DDMS3 DDMS4 DDMS5 DDMS6 DDMS7 DDMS8 GMS-01 GMS-02 GMS-03 GMS-04 GMS-05 GMS-06 GMS-07 GMS-08 GMS-09 GMS-10 GMS-11 GMS-12 GMS-13 GMS-14 GMS-15 GMS-16 GMS-17 Easting Northing Dip Azimuth 562985 6472032 -60 180 562979 6472060 -60 180 563004 6472057 -90 0 562973 6472087 -90 0 562881 6472116 -90 0 562975 6472142 -70 180 562582 6472325 -70 270 562619 6472452 -70 270 562928 6471994 -90 0 562940 6471990 -90 0 562941 6472001 -90 0 562922 6472005 -90 0 562931 6472003 -90 0 562971 6472079 -90 0 562966 6472067 -90 0 562950 6472061 -90 0 562974 6472059 -90 0 562953 6472047 -90 0 563016 6472005 -90 0 563010 6472015 -90 0 562980 6472001 -90 0 562962 6472037 -90 0 562950 6472039 -90 0 562940 6472043 -90 0 562971 6472044 -90 0 EOH Depth 26.5 46.3 46.3 67.1 142 151.5 198.1 237.4 15 18 24 18 24 52 50 22 34 15 12 16 16 19 9 8 27 Hole ID GMS-18 GMS-19 GMS-20 GMS-21 GMS-22 GMS-23 GMS-24 GMS-25 GMS-26 GMS-27 GMS-28 GMS-29 GMS-30 GMS-31 GMS-32 GMS-33 GMS-34 GMS-35 MS1 MS10 MS11 MS12 MS13 MS14 MS15 MS16 MS17 MS18 MS19 MS2 MS20 MS21 MS22 MS23 MS24 MS25 MS26 MS3 MS4 Easting Northing Dip Azimuth 562974 6472031 -90 0 562913 6472018 -90 0 562909 6472033 -90 0 562903 6472041 -90 0 562890 6472027 -90 0 562980 6472077 -90 0 562961 6472075 -90 0 562961 6472088 -90 0 563107 6472033 -90 0 563069 6472039 -90 0 563089 6472053 -90 0 563003 6472034 -90 0 563029 6472021 -90 0 562996 6472019 -90 0 562962 6472077 -90 0 562986 6472108 -75 183.5 562963 6472066 -77 0 562967 6472068 -70 67.5 562984 6472071 -90 0 562716 6472045 -90 0 562617 6472082 -70 217 562513 6472279 -70 213 562450 6472374 -70 244 562471 6472347 -70 256 562955 6472120 -90 0 562922 6472053 -90 0 563009 6472112 -90 0 562982 6472110 -90 0 562981 6472139 -90 0 563015 6472091 -90 0 562999 6472128 -90 0 563195 6472025 -70 179 562948 6472156 -90 0 563077 6472055 -90 0 563087 6472034 -90 0 562596 6472094 -70 227 562599 6472155 -70 227 562935 6472085 -90 0 562952 6472056 -90 0 EOH Depth 24 9 5 12 15 41 25 33 25 21 37 28 8 13 39 65 54 60 46.5 30.7 49 108.1 103.2 113.2 62 24.9 76 68 70 74.9 94 49 61 46 40 48 78 48.9 42.8 Hole ID MS5 MS6 MS7 MS8 MS9 MSC001 MWC001 MWC002 MWC003 MWR001 MWR002 MWR003 MWR004 MWR005 MWR006 MWR007 MWR008 MWR009 MWR010 PMS1 PMS10 PMS11 PMS12 PMS13 PMS2 PMS3 PMS4 PMS5 PMS6 PMS7 PMS8 PMS9 Easting Northing Dip Azimuth 562961 6472030 -90 0 563014 6472031 -90 0 563045 6472026 -90 0 563036 6472058 -90 0 562893 6472051 -90 0 563059 6472088 -90 0 562570 6472179 -60 225 562632 6472115 -60 225 562481 6472400 -60 270 562589 6472187 -90 0 562582 6472183 -90 0 562567 6472171 -90 0 562560 6472165 -90 0 562552 6472157 -90 0 562554 6472149 -90 0 562536 6472143 -90 0 562530 6472134 -90 0 562524 6472128 -90 0 562515 6472123 -90 0 562995 6472182 -90 0 562506 6472747 -70 270 562490 6472807 -70 270 562319 6472481 -70 270 563218 6472012 -70 225 563125 6472137 -70 180 562875 6472175 -70 180 562754 6472159 -70 180 562625 6472206 -70 225 562530 6472261 -70 225 562486 6472378 -70 270 562532 6472504 -70 270 562513 6472625 -70 270 EOH Depth 26 30.8 33.1 40 30.7 87 120 84 135 4 3 20 20 14 14 3 12 15 20 169.2 89.9 112.8 76.2 56.4 125 83.8 152.4 129.5 137.2 152.4 187.5 121.9 TABLE 2. Significant Intercepts Hole ID PMS07 DDMS07 DDMS03 DDMS04 MWC001 MWC002 MWC003 including also including MS03 MS04 including also including MS08 MS15 MS23 MS24 GMS-01 GMS-06 GMS-09 GMS-12 GMS-13 GMS-14 GMS-15 GMS-17 GMS-19 GMS-27 GMS-28 GMS-34 GMS-35 MSC001 From 135.64 158.00 38.56 48.16 49.07 47 29 94 95 109 23.46 13.06 14.06 15.06 21.71 58.34 31 25 0 45 14 9 6 13 2 14 4 12 32 16 23 79 To Width Cu_% Ni_% Au_ppm Pd_ppm Pt_ppm 137.16 1.52 1.25 1.72 1.08 4.30 3.05 159.50 1.50 0.40 1.25 1.00 3.80 2.70 40.39 1.83 0.75 1.15 No assay No assay 2.76 49.07 0.91 8.10 7.50 No assay No assay 18.77 50.06 0.99 0.55 0.17 No assay No assay 1.92 49 2 0.15 0.25 0.08 0.78 0.42 33 4 0.15 0.25 0.05 0.74 0.40 112 18 0.11 0.18 0.03 0.47 0.25 98 3 0.32 0.34 0.07 1.27 0.67 111 2 0.15 0.22 0.06 0.99 0.49 24.46 1 0.74 0.18 0.09 0.89 0.26 17.06 4 0.88 0.10 0.37 6.92 5.05 15.06 1 2.50 0.17 1.27 24.60 18.00 16.06 1 0.63 0.07 0.11 1.87 1.03 22.71 1 0.07 0.08 0.06 0.84 0.20 59.34 1 0.12 0.33 0.06 0.92 0.37 34 3 0.20 0.22 0.03 0.94 0.48 27 2 0.50 0.05 0.11 3.50 1.60 5 5 0.26 0.55 0.03 0.75 0.27 47 2 6.10 4.42 0.94 23.10 10.90 16 2 0.14 0.24 0.07 0.63 0.32 13 4 1.00 0.50 0.19 5.60 2.08 8 2 0.43 0.40 0.10 0.69 0.35 15 2 0.48 0.27 0.15 1.10 1.40 4 2 0.60 0.35 0.10 1.99 1.25 16 2 0.38 0.32 0.12 0.83 0.34 5 1 0.24 0.32 0.06 0.68 0.45 14 2 0.15 0.13 0.45 0.54 0.25 36 4 0.01 0.01 0.07 0.71 0.40 21 5 0.69 0.35 0.27 2.37 1.75 26 3 0.21 0.17 0.07 0.76 0.41 80 1 0.12 0.04 0.04 1.23 0.76 3PGE 8.43 7.50 2.76 18.77 1.92 1.28 1.19 0.75 2.01 1.54 1.23 12.34 43.87 3.01 1.10 1.35 1.43 5.20 1.05 34.94 1.03 7.87 1.14 2.65 3.34 1.29 1.20 1.25 1.18 4.39 1.24 2.03 APPENDIX 1 - SECTION 1 SAMPLING TECHNIQUES AND DATA FOR THE BROKEN HILL PROJECT Criteria Sampling techniques JORC Code explanation Commentary 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 down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Drill results referred to in this report were done by CRA in the 1970’s, Canyon Resources in the 1980’s and Golden Cross Resources in the early 2000’s. Details on the various sampling methods and geochemical assay values are poorly documented but are not material for this stage of exploration. 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 RC Drill Samples All RC drill chips were collected at 1m intervals using rotary sample collector attached to the rig. RC and Diamond Drill Samples Canyon Resources completed diamond and percussion holes. Samples were collected at 1m intervals within the ultramafic and to a depth of 10-15m into the footwall gneiss. Samples were then split and analysed for Cu and Ni by AAS method. Anomalous samples in Cu and Ni were then analysed for Pt, Pd and Au by screen fire assay. 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). The Platinum Springs project was drilled by diamond and percussion RC methods. RC drill chips were collected at 1m intervals using a rotary sample collector. Diamond drill samples were also collected mostly at 1 metre intervals. Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed Details are not recorded but are not material for this early stage of exploration. Measures taken to maximise sample recovery and ensure representative nature of the samples Details are not recorded but are not material for this early stage of exploration. 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. Details are not recorded but are not material for this early stage of exploration. 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. Geological logging of samples followed company and industry common practice. Qualitative logging of samples included (but not limited to); lithology, mineralogy, alteration, veining and weathering. Diamond core logging included additional fields such as structure and geotechnical parameters. All logging is quantitative, based on visual field estimates. Systematic photography of the diamond core in the wet and dry form was completed. Criteria JORC Code explanation Commentary All diamond drill holes and RC logs were logged in full. Some companies only provided summary logs The total length and percentage of the relevant intersections logged Sub-sampling techniques and sample preparation Quality of assay data and laboratory tests Verification of sampling and assaying If core, whether cut or sawn and whether quarter, half or all core taken. Details are not recorded but are not material for this early stage of exploration. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. RC samples were rotary split For all sample types, the nature, quality and appropriateness of the sample preparation technique. Details are not recorded but are not material for this early stage of exploration. It is likely that standard industry practices were used. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Details are not recorded but are not material for this early stage of exploration. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/secondhalf sampling. Details are not recorded but are not material for this early stage of exploration. It is likely that standard industry practices were used. Whether sample sizes are appropriate to the grain size of the material being sampled. Sample sizes are considered adequate due to mineralisation style. The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. An industry standard fire assay technique for samples using lead or nickel collection with an Atomic Absorption Spectrometry (AAS) was used. Golden Cross Resources used Genalysis Laboratories. 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. N/A Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. Details are not recorded but are not material for this early stage of exploration. It is likely that standard industry practices were used. The verification of significant intersections by either independent or alternative company personnel. The results have not been verified by independent or alternative companies. This is not required at this stage of exploration. The use of twinned holes. N/A Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Primary assay data for drill assays has been received digitally from Minview historical reports then later combined with hole numbers and depths by Impact into a standard Excel templates for plotting in Mapinfo, Geosoft Target and Leapfrog. Original pdf laboratory assay certificates are saved for verification when required. Discuss any adjustment to assay data. There are no adjustments to the assay data. Criteria Location of data points JORC Code explanation Accuracy and quality of surveys used to locate drillholes (collar and downhole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. Data spacing and distribution Commentary Sample locations and drill holes were recorded from historical reports. The grid system for Broken Hill is MGA_GDA94, Zone 54. Standard government topographic maps have been used for topographic validation. Data spacing for reporting of Exploration Results. Diamond drill holes are conducted at varying spacings, orientations and depths deemed appropriate for early stage exploration 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. Estimations of grade and tonnes have not yet been made. Whether sample compositing has been applied. Sample compositing has not been applied. Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. The orientation of mineralisation is yet to be determined. A 3D review of the mineralisation is currently underway to better interpret the orientation of mineralisation and assist follow-up drilling. 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. Not relevant to early stage exploration drill results. No sampling bias has been detected. Sample security The measures taken to ensure sample security. Chain of custody is managed by Impact Minerals Ltd. A courier is contracted by Impact Minerals to transport the samples from Broken Hill to the Intertek laboratory in Adelaide for preparation and assay. Whilst in storage, they are kept in a locked yard. Tracking sheets have been set up to track the progress of batches of samples. Audits or reviews The results of any audits or reviews of sampling techniques and data. At this stage of exploration, a review of the sampling techniques and data by an external party is not warranted. Orientation of data in relation to geological structure SECTION 2 REPORTING OF EXPLORATION RESULTS Criteria JORC Code explanation Commentary 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. The Broken Hill Project currently comprises 8 exploration licences covering 825 km2. The tenements are held 100% by Impact Minerals Limited, with Silver City Minerals holding a 20% interest in the silver-leadzinc rights of E7390 free carried to a Decision to Mine. No aboriginal sites or places have been declared or recorded over the licence area. There are no national parks over the licence area. 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. The tenement is in good standing with no known impediments. Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. There has been no significant previous work at this prospect prior to Impact Minerals work. Geology Deposit type, geological setting and style of mineralisation. Nickel-copper-PGE sulphide mineralisation associated with an ultramafic intrusion. 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 Table details within the main body of this ASX Release. 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. All reported assays have been length weighted. No top cuts have been applied. A minimum grade of 1 g/t 7PGE has been used. 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. High grade semi-massive and vein-style sulphide intervals internal to broader zones of disseminated sulphide mineralisation are reported as included intervals. The intervals stated in this release are calculated at greater than 1 g/t 7PGM. Within the wide 25-32m intervals of mineralisation in RHD001 and RHD006 intervals of lower grade <1 g/t 7PGM are included in the composite results. Intervals of lower grade vary from 1 to 3.7 m. The assumptions used for any reporting of metal equivalent values should be clearly stated. No metal equivalents have been reported. Mineral tenement and land tenure status Data aggregation methods Criteria JORC Code explanation Commentary Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’). Diagrams Appropriate maps and sections (with scales) and tabulations of 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. Refer to Figures in body of text. 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. All results reported are representative Balanced reporting 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. 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). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive The orientation of mineralisation is yet to be determined. A 3D review of the mineralisation is currently underway to better interpret the orientation of mineralisation and assist follow-up drilling. Assessment of other substantive exploration data is not yet complete however considered immaterial at this stage. Follow up work programmes will be subject to interpretation of results which is ongoing. A 3D review of the mineralisation is currently underway to better interpret the orientation of mineralisation and assist follow-up drilling.