RNS Number : 3715T
Greatland Gold PLC
14 November 2023

DiagramDescription automatically generated with medium confidenceGreatland Gold plc (AIM: GGP)

E: info@greatlandgold.com

W: https://greatlandgold.com

· : twitter.com/greatlandgold

NEWS RELEASE | 14 November 2023

Drilling commences at 100% owned Ernest Giles Project

Co-funded diamond core drilling to test the high priority Meadows gold prospect

Greatland Gold plc (AIM:GGP) (Greatland or the Company) is pleased to advise that drilling has commenced at the Meadows gold prospect within the Ernest Giles Project (Ernest Giles).

Highlights

§ Ernest Giles is an underexplored Archean greenstone belt which lies within the highly mineralised Yilgarn Craton of Western Australia

§ A drill rig is on site and has commenced diamond core drilling at the highly prospective Meadows gold prospect

§ Heritage surveys and mobilisation was completed safely and quickly following entry into the Ernest Giles Land Access Agreement (LAA) in September 2023

§ First two diamond holes will test interpreted mineralised zones and are co-funded by the Government of Western Australia's Exploration Incentive Scheme (EIS) drilling grant for up to A$220,000 (£115,000)

§ Current drilling builds on previous work at Ernest Giles and will provide important geological and structural information to inform a systematic reverse circulation drill program in 2024

Greatland Managing Director, Shaun Day, commented:

"We are very pleased to be drilling the high priority Meadows gold prospect at Ernest Giles following conclusion of the Land Access Agreement."

"Ernest Giles sits within an underexplored greenstone belt located north of the world-class Tropicana and Gruyere gold operations. As a 100% owned project, Ernest Giles represents an excellent exploration opportunity for Greatland and our shareholders."

Overview of the Ernest Giles Project

The Ernest Giles Project is located approximately 250km north-east of the town of Laverton and covers a folded belt of magnetic greenstone rocks (Figure 1) which is typical of the highly gold and nickel endowed parts of the Archean Goldfields of Western Australia. The Goldfields host large gold camps such as Kalgoorlie, St Ives, Leonora, Laverton, Mt Magnet, Jundee, Gruyere and Tropicana. The prospective greenstone sequence at Ernest Giles does not outcrop and is therefore underexplored relative to the remainder of the Goldfields.

Greatland's granted and under-application tenure at Ernest Giles comprises a comprehensive holding over what Greatland considers to be the most prospective near surface portions of the Ernest Giles belt, covering more than 1,950km2.

A map of a project Description automatically generated

Figure 1: Yilgarn Craton Goldfields and Archean Greenstones

A map of gold mining project Description automatically generated

Figure 2: Laverton, Fraser Orogen-North and Ernest Giles greenstone belts

A map of the land Description automatically generated

Figure 3: Greatland Ernest Giles Drilling on Reduced to Pole Magnetics

Current drilling program

Previous exploration at Ernest Giles included a program of 62,800m spaced vertical RC drillholes, largely focused on the Meadows prospect, in addition to airborne magnetics and ground gravity surveys.

Gold mineralisation and anomalism is hosted within altered mafic volcanic, banded iron formation (BIF) and syenite. The mafic is pyrite and albite altered with thin quartz veinlets. Hematite alteration has also been observed. The syenite comprises disseminated pyrite and may be hematite altered.

Results returned previously included a peak of 16m @ 0.36g/t Au from 182m downhole including 3m @ 1.28g/t Au in hole ERC011. Table 1 in Appendix 1 sets out all significant results.

The two EIS co-funded diamond core drill holes will provide the first angled diamond holes and oriented core at Meadows, considered critical for the geological understanding of the project.

Drill hole EG_Prop_1 targets two mineralised zones within the previous vertical RC hole ERC011 which returned values +1g/t Au (Appendix 1, Table 1) in mafic rock (Figure 4).

Drill hole EG_Prop_2 targets the interpreted syenite (intrusive granitoid) body intersected in ERC014 which returned 18m @ 0.11g/t Au (Appendix 1, Table 1).

In addition, the drilling is planned to:

§ confirm gold mineralisation and anomalism intersected in previous RC drilling and test for continuity down dip;

§ provide geological and structural information to understand the setting and nature of gold mineralisation;

§ investigate a larger section across strike than has been possible with vertical drillholes;

§ identify pathfinders for mineralisation; and

§ be utilised as a platform for downhole geophysics should it be viable.

A map of geological features Description automatically generated with medium confidence

Figure 4: Planned drilling at Meadows on interpreted geology

Further work

Additional ongoing work will include airborne geophysics to better understand the geology of the entire Ernest Giles belt. A follow up RC drilling program will be designed utilising the knowledge gained from the current drilling, to systematically target the best results of all drilling at Meadows to date. This work will commence in the 2024 calendar year.

Contact

For further information, please contact:

Greatland Gold plc

Shaun Day, Managing Director | info@greatlandgold.com

Nominated Advisor

SPARK Advisory Partners

Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368 3550

Corporate Brokers

Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550

Canaccord Genuity | James Asensio / George Grainger | +44 207 523 8000

SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341 3500

Media Relations

UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry Gamble | +44 204 582 3500

Australia - Fivemark Partners | Michael Vaughan | +61 422 602 720

About Greatland

Greatland is a mining development and exploration company focused primarily on precious and base metals.

The Company's flagship asset is the world-class Havieron gold-copper project in the Paterson Province of Western Australia, discovered by Greatland and presently under development in joint venture with world gold major, Newmont Corporation.

Havieron is located approximately 45km east of Newmont's existing Telfer gold mine. The box cut and decline to the Havieron orebody commenced in February 2021. Total development now exceeds 2,820m including over 2,030m of advance in the main access decline (as at 8 October 2023). Subject to a positive feasibility study and Decision to Mine, Havieron is intended to leverage the existing Telfer infrastructure and processing plant. Access to Telfer will de-risk the development and reduces capital expenditure.

Greatland has a proven track record of discovery and exploration success and is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. Greatland has a number of exploration projects across Western Australia and in parallel to the development of Havieron is focused on becoming a multi-commodity miner of significant scale.

Competent Persons Statement

Information in this announcement pertaining to Reporting of Exploration Results has been reviewed and approved by Mr Damien Stephens, a Member of the AusIMM, who has more than 30 years relevant industry experience. Mr Stephens is a full-time employee of the Company and has a financial interest in Greatland. Mr Stephens has sufficient experience 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 by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules -- Note for Mining and Oil and Gas Companies, which outline standards of disclosure for mineral projects. Mr Stephens consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. Mr Stephens confirms that the Company is not aware of any new information or data that materially affects the information included in the historical market announcements, and that the form and context in which the information has been presented has not been materially modified.



Appendix 1: Previous Drilling at Ernest Giles

Table 1: significant results from previous Greatland drilling

Hole

Hole Type

Depth From

Depth To

Width

Grade

Intercept Description

ERC002A

RC

149

150

1

1.15

1m @ 1.15 g/t Au

ERC011

RC

144

146

2

0.35

2m @ 0.35 g/t Au

ERC011

RC


159

168

9

0.35

9m @ 0.35 g/t Au

including*

161

164

3

0.9

3m @ 0.90 g/t Au


182

198

16

0.36

16m @ 0.36 g/t Au

including*

189

192

3

1.28

3m @ 1.28 g/t Au

ERC013

RC


213

215

2

0.26

2m @ 0.26 g/t Au


270

273

3

0.28

3m @ 0.28 g/t Au

including*

270

271

1

0.51

1m @ 0.51 g/t Au

ERC014

RC

232

250

18

0.11

18m @ 0.11 g/t Au

ERC061

RC

232

236

4

0.2

4m @ 0.20 g/t Au

Note: intercepts were calculated using a 0.1g/t Au cut off, minimum interval of 1m and maximum internal waste of 5m. * higher grade intercepts used a 0.5g/t cut off.

Table 2: all previous drill holes at Ernest Giles

Hole

Type

East

North

RL AHD

Grid

Depth

Dip

Drilled

Company

EGD001

DD

583651

7040552

500

MGA20_51

378.8

-90

2010

Greatland

EGD002

DD

585351

7036302

500

MGA20_51

333.5

-90

2010

Greatland

EGD003

DD

600671

7014132

500

MGA20_51

300.9

-90

2010

Greatland

EGD004

DD

599051

7017227

500

MGA20_51

300.8

-90

2010

Greatland

ERC001

RC

598996

7017602

472

MGA20_51

300

-90

2012

Greatland

ERC002

RC

599382

7017600

465

MGA20_51

139

-90

2012

Greatland

ERC002A

RC

599400

7017603

465

MGA20_51

288

-90

2012

Greatland

ERC003

RC

598602

7017631

474

MGA20_51

199

-90

2012

Greatland

ERC004

RC

570601

7039502

483

MGA20_51

348

-90

2012

Greatland

ERC005

RC

597996

7058107

414

MGA20_51

300

-90

2015

Greatland

ERC006

RC

585800

7062902

423

MGA20_51

300

-90

2015

Greatland

ERC007

RC

598863

7016644

466

MGA20_51

304

-90

2015

Greatland

ERC008

RC

618701

7061502

400

MGA20_51

300

-90

2015

Greatland

ERC009

RC

598000

7017802

472

MGA20_51

300

-90

2016

Greatland

ERC010

RC

598800

7017803

478

MGA20_51

250

-90

2016

Greatland

ERC011

RC

599604

7017802

463

MGA20_51

200

-90

2016

Greatland

ERC012

RC

600397

7017802

458

MGA20_51

220

-90

2016

Greatland

ERC013

RC

601201

7017804

456

MGA20_51

280

-90

2016

Greatland

ERC014

RC

602001

7017802

458

MGA20_51

278

-90

2016

Greatland

ERC015

RC

602805

7017804

464

MGA20_51

260

-90

2016

Greatland

ERC016

RC

603607

7017800

469

MGA20_51

290

-90

2016

Greatland

ERC017

RC

595432

7022177

471

MGA20_51

204

-90

2016

Greatland

ERC018

RC

599602

7021000

458

MGA20_51

240

-90

2016

Greatland

ERC019

RC

599596

7014600

476

MGA20_51

306

-90

2016

Greatland

ERC020

RC

600404

7014598

448

MGA20_51

200

-90

2016

Greatland

ERC021

RC

601204

7014600

472

MGA20_51

270

-90

2016

Greatland

ERC022

RC

602004

7014602

461

MGA20_51

280

-90

2016

Greatland

ERC023

RC

602804

7014602

421

MGA20_51

252

-90

2016

Greatland

ERC024

RC

603601

7014604

456

MGA20_51

250

-90

2016

Greatland

ERC025

RC

602006

7012999

480

MGA20_51

240

-90

2016

Greatland

ERC026

RC

601203

7013006

475

MGA20_51

180

-90

2016

Greatland

ERC027

RC

600401

7013003

486

MGA20_51

237

-90

2016

Greatland

ERC028

RC

599599

7016203

480

MGA20_51

192

-90

2016

Greatland

ERC029

RC

600374

7016270

479

MGA20_51

190

-90

2016

Greatland

ERC030

RC

601200

7016199

453

MGA20_51

180

-90

2016

Greatland

ERC031

RC

601998

7019403

471

MGA20_51

282

-90

2016

Greatland

ERC032

RC

618399

7061604

370

MGA20_51

274

-90

2018

Greatland

ERC033

RC

618002

7062603

378

MGA20_51

330

-90

2018

Greatland

ERC034

RC

597904

7058203

413

MGA20_51

408

-90

2018

Greatland

ERC035

RC

592001

7070201

414

MGA20_51

497

-90

2018

Greatland

ERC036

RC

594802

7068801

404

MGA20_51

408

-90

2018

Greatland

ERC037

RC

597203

7018603

409

MGA20_51

380

-90

2018

Greatland

ERC038

RC

598001

7018615

397

MGA20_51

161

-90

2018

Greatland

ERC039

RC

598805

7018601

468

MGA20_51

252

-90

2018

Greatland

ERC040

RC

599602

7018607

475

MGA20_51

240

-90

2018

Greatland

ERC041

RC

600406

7018599

462

MGA20_51

250

-90

2018

Greatland

ERC042

RC

601204

7018601

477

MGA20_51

290

-90

2018

Greatland

ERC043

RC

602002

7018602

456

MGA20_51

290

-90

2018

Greatland

ERC044

RC

602807

7018610

463

MGA20_51

300

-90

2018

Greatland

ERC045

RC

597201

7017800

466

MGA20_51

360

-90

2018

Greatland

ERC046

RC

597197

7016999

465

MGA20_51

380

-90

2018

Greatland

ERC047

RC

597999

7017006

468

MGA20_51

380

-90

2018

Greatland

ERC048

RC

598803

7017006

453

MGA20_51

318

-90

2018

Greatland

ERC049

RC

599606

7017000

463

MGA20_51

192

-90

2018

Greatland

ERC050

RC

601209

7017035

453

MGA20_51

220

-90

2018

Greatland

ERC051

RC

602062

7017000

452

MGA20_51

252

-90

2018

Greatland

ERC052

RC

602800

7017000

449

MGA20_51

260

-90

2018

Greatland

ERC053

RC

600402

7017007

451

MGA20_51

190

-90

2018

Greatland

ERC054

RC

599611

7013796

481

MGA20_51

282

-90

2018

Greatland

ERC055

RC

600404

7013799

482

MGA20_51

240

-90

2018

Greatland

ERC056

RC

601197

7013805

472

MGA20_51

174

-90

2018

Greatland

ERC057

RC

602003

7013802

468

MGA20_51

240

-90

2018

Greatland

ERC058

RC

601202

7019404

457

MGA20_51

267

-90

2018

Greatland

ERC059

RC

600404

7019403

455

MGA20_51

252

-90

2018

Greatland

ERC060

RC

599600

7019400

461

MGA20_51

280

-90

2018

Greatland

ERC061

RC

598795

7019403

458

MGA20_51

260

-90

2018

Greatland

ENGC001

RC

599839

7019361

470

MGA20_51

204

-90

1996-1999

Western Mining

ENGC002

RC

597439

7019361

470

MGA20_51

120

-90

1996-1999

Western Mining

ENGC003

RC

603039

7019361

470

MGA20_51

108

-90

1996-1999

Western Mining

ENGC004

RC

601739

7015761

470

MGA20_51

120

-90

1996-1999

Western Mining

ENGC005

RC

604139

7015761

470

MGA20_51

150

-90

1996-1999

Western Mining

ENGC006

RC

599339

7015761

470

MGA20_51

150

-90

1996-1999

Western Mining

ENGC007

RC

601339

7015761

470

MGA20_51

200

-90

1996-1999

Western Mining

ENGC008

RC

585639

7034161

470

MGA20_51

168

-90

1996-1999

Western Mining

EY4001

RCD

604976

7060030

411

MGA20_51

249.4

-90

2014

MRG Metals Expl.

EY4002

RC

581050

7061049

438

MGA20_51

169

-90

2014

MRG Metals Expl.

EY4003

RCD

580713

7052931

444

MGA20_51

549.4

-90

2014

MRG Metals Expl.



Appendix 2: JORC Table 1

Section 1 Ernest Giles Project: Sampling Techniques and Data

Criteria

JORC Code Explanation

Commentary

Sampling techniques

§ Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation)

§ 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 (eg '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 (eg submarine nodules) may warrant disclosure of detailed information

§ Reverse Circulation (RC) Drilling and RC pre-collars for diamond

- 1m samples were collected from the cyclone and a hollow "spear" was used to collect a sample for assay. The residue was placed in individual piles on the ground.

- The samples were then composited over 4m and were collected for the entire length of the drillhole including cover. An approximate 3kg sample was pulverised to provide a 50g charge for fire assay for gold and 25g charges for 47 element geochemistry analysis.

§ Diamond drilling

- Where diamond commenced in Proterozoic cover and in areas considered of low interest in the bedrock in early holes, a 20cm long piece of half core was sampled every 4 metres.

- In archean basement areas of interest in early drilling and for the whole basement in later drilling, half core was sampled on a single metre basis.

- The entire sample was crushed and pulverized to provide a 50g charge for fire assay for gold and 25g charges for 47 element geochemistry analysis.

MMI soil sampling

- Samples were collected from a depth of 300mmm and sieved to -2mm and sent for MMI analysis for a suite of 53 elements.

- Target elements are extracted using weak solutions of organic and inorganic compounds rather than conventional aggressive acid or cyanide-based digest for a partial extraction of minerals adhered to the boundary of grains in an effort to identify transported metals using ICP-MS.

Passive seismic was carried out over the Meadows target area. A total of 184 readings were taken over five east-west lines and were used for calibration of the interface depths to estimate the regolith-basement interface.

Ground Gravity was undertaken in the Meadows, Wishbone and Empress target areas at a sample spacing of 1600m x 200m for a total of 360 line km

Drilling techniques

§ Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg 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)

§ RC

- A single purpose RC drill rig was used to complete vertical holes.

- No information is available as to whether a face sampling hammer was used, but it is assumed.

§ Diamond drilling

- A multipurpose drilling rig was used to complete vertical holes.

- Holes were pre-collared with RC to bedrock (approximately 100-150m), then completed with diamond core to between 300 and 380m.

- No information is available on core diameter or tube type. A combination of HQ and NQ with standard (not triple) tube is assumed.

- As holes are vertical no orientation of cure was possible.

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

§ Recovery is measured on core and reconciled against driller's depth blocks in each core tray. Basement core recovery is typically around 100%.

§ No specific measures have been taken to maximise recovery, other than employing skilled drillers.

§ No relationship between recovery and grade has been observed.

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

§ The logging comprises a combination of quantitative and qualitative features. The entire hole is logged.

§ Geological logging recorded qualitative descriptions of lithology, alteration, mineralisation, veining, and structure of key geological features.

§ Digital data was recorded on site and stored in an SQL database.

§ The ground EM survey data was interpreted and reported by expert geophysical Consultants NewExCo.

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

§ All samples were freighted by road to the laboratory.

§ All core is cut with a core saw, and half core samples sent to the laboratory.

§ All drill samples were sent to Genalysis Laboratories in Kalgoorlie and analysed for a suite of 47 elements.

§ RC composite samples showing anomalous gold levels were then resampled at 1m sample intervals with the same technique as the composites.

§ The sample sizes (0.5-3kg) are considered appropriate for the material being sampled.

§ MMI samples were sent to SGS Laboratories in Perth and analysed for a suite of 53 elements.

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.

§ The drill samples were assayed for Au by a 50gm fire assay and 25g for a multi-element scan using 4 acid digest and MS and OES finish for pathfinder and lithogeochemical elements. The assays are considered total rather than partial.

§ Blanks were inserted roughly every 25 samples in diamond core. Greatland QA/QC procedures include using reference samples and field duplicate samples every 25 samples, in addition to the laboratories in- house QA/QC methods include duplicates , standard and blank assays for each batch.

§ Analysis of the quality control sample assay results indicates that an acceptable level of accuracy and precision has been achieved.

§ Comparison of the original laboratory files and the database plus database logs indicates no analytical data has been numerically manipulated.

Verification of sampling and assaying

§ The verification of significant intersections by either independent or alternative company personnel.

§ The use of twinned holes

§ Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols

§ Discuss any adjustment to assay data.

§ No twinned holes have been completed.

§ All data entry procedures, including original logging, sample depth selection for sampling and recording of sample numbers are recorded digitally in an electronic database.

§ There are no adjustments to assay data, other than below detection samples are reported at negative one half the detection limit.

MMI Results correlated favourably with pre-existing drilling and with a trial of Newcrest's proprietary Deep Sensing Geochemistry (DSG) sampling.

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.

§ Specification of the grid system used.

§ Quality and adequacy of topographic control

§ Drill collar and surface sample locations were surveyed using hand held GPS. RL's were collected with the same GPS

§ As all holes were drilled vertically drill rig alignment was not required.

§ Downhole survey was collected using a single shot reflex down hole camera for diamond holes at 90 metres, then base of transported and every fifty metres in bedrock. No downhole surveys were taken for RC holes

§ The topography is generally low relief to flat, elevation within the dune corridors in ranges between 250-265m AHD steepening to the southeast

§ All coordinates are provided in the Geocentric Datum of Australian (GDA94 Zone 51). All relative depth information is reported in Australian Height Datum (AHD)

Data spacing and distribution

§ Data spacing for reporting of Exploration Results

§ 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

§ Whether sample compositing has been applied

RC holes were vertical and drilled on a broad grid spacing of 1,600m x 800m. The broad spaced holes were designed to test basement lithologies for gold mineralisation which had been intersected in previous 'wildcat' drilling by the company, and also test geochemical responses from surface sampling work carried out by a previous explorer.

§ RC samples including RC pre-collars were original composited to 4m. any anomalous intervals where then re-assayed on 1m intervals.

Diamond drilling was carried out on a "wild cat " basis with individual holes testing geochemical and geophysical anomalies

The drill data spacing is not sufficient for calculation of a mineral resource or reserve and none is reported.

MMI sampling was done on 200m x800m basis with the shorter distance across strike.

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

§ 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

§ Drilling is vertical into what are expected to be dominantly vertical stratigraphy. Any mineralisation intervals are expected to be significantly greater than true width.

Sample security

§ The measures taken to ensure sample security

§ The security of samples is controlled by tracking samples from drill rig to database.

§

Audits or reviews

§ The results of any audits or reviews of sampling techniques and data

§ No audits or reviews have been completed

Section 2 Ernest Giles Project: Reporting of 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

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 Ernest Giles tenements E38/3185 and E38/2205 are 100% owned by Greatland Pty Ltd

Land Access Agreements are currently being negotiated with the native title holders and claimants for all granted tenement and applications. No access has currently been approved.

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties

CRA initially carried out an aeromagnetic survey in the mid 90's.

WMC after reviewing the geophysics interpreted the area as containing archean greenstones, and completed regional soils and gravity surveys along with 200m spaced aeromagnetic and 8 RC holes (ENGC01-8) over what is now the Meadows prospect, identifying anomalous gold between 1996 and 1999.

MRG metal completed further aeromagnetics and 3 diamond holes (EY4001-EY4003) in the region from 2011 to 2015.

Geology

Deposit type, geological setting and style of mineralisation

Exploration is for Yilgarn style Archean lode gold.

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

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

Drill hole collar details are listed in Appendix 1 (Table 2) and anomalous results in Appendix 1 (Table 1).

Data aggregation methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated

Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail

The assumptions used for any reporting of metal equivalent values should be clearly stated

No economically significant results have been reported, and no data aggregation methods have been applied.

Where anomalous results are quoted (Appendix 1, Table 1) the samples have been selected as follows:

Au >0.1ppm or Au >0.5ppm for higher grade

with a maximum consecutive internal waste of 5m

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 (eg 'down hole length, true width not known')

No economically significant results are reported, and there is no known relationship between reported widths and the geometry of any mineralisation.

All intercepts are reported downhole as true width is 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

Maps are provided in Figures 1 - 3. No significant discovery is reported.

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

The reporting is considered balanced.

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

No other substantive exploration data other than that provided in the figures.

Further work

The nature and scale of planned further work (eg 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

Finalization of land access agreement is required prior to further on ground work.

Systematic .infill of anomalous RC and diamond drilling is planned for the Meadows prospect.


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