Greatland Gold plc (AIM: GGP)
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NEWS RELEASE | 13 December 2023
Results of Drilling and Ground Geophysical Survey at Scallywag
Greatland Gold plc (AIM:GGP) (Greatland or the Company) is pleased to announce the results of its 2023 drilling and geophysical exploration program at the 100% owned Scallywag tenement in the Paterson Region of Western Australia. Scallywag is located adjacent to Greatland's flagship Havieron gold-copper project.
Highlights
§ Anomalous gold and copper, and key pathfinder metal geochemistry, returned in assays from all four prospects.
§ A35 prospect returned best gold assay of 1m @ 0.83g/t Au from 238m in A35RD003 and peak copper intercept of 2m @ 0.17% Cu from 310m in A35RD002.
§ Preliminary modelling of the ground magneto-telluric (MT) data indicates a conductor at depth within a syncline fold structure along trend from Havieron.
§ Ongoing optimisation of the MT modelling is aimed at confirming the anomaly as a high priority target for 2024 as well as improving the understanding of stratigraphy and structure to identify Telfer style targets in the broader Scallywag tenement.
Greatland Managing Director, Shaun Day, commented:
"We are happy to report the effective completion of another phase of geological testing at our 100% owned Scallywag project, where drilling tested previously defined EM and geological targets, once again building on our understanding of the structure, stratigraphy and geochemistry of our landholding.
The ground magneto-telluric survey provides an enhanced understanding of the geology around the Scallywag syncline target area and identifies an untested conductor target coincident with a structural trap which potentially delineates the key structure to be tested."
Figure 1: Greatland Paterson Projects, including Scallywag tenement, on 1vd aeromagnetics
2023 Exploration Program
A total of 10 diamond core holes were completed for 2,517.8m at the four high priority prospect targets areas of A35, A34, Pearl and Swan during the 2023 program (Table 1, Figure 2). Work in 2023 focused on completing the reverse circulation (RC) pre-collars with diamond core (DD) tails, targeting ground EM conductors (Figure 2), as reported in Greatland's previous RNS of 8 March 2023 titled "Scallywag Exploration Results". Downhole EM was attempted on each hole and successfully completed on five holes: A35RD003, PDD003, PDD005, PDD006 and PRD002. Results showed conductive responses at the weathering and stratigraphic boundaries, but no significant off-hole conductors.
A ground magneto-telluric survey was completed over the eastern part of the licence (Figure 3), to define any conductors under the deeper (>200m) cover of the major regional synclinal fold structure and area of previous drilling at Kraken, London and Blackbeard targets (see RNS of 20 January 2021 titled 'Initial Scallywag Drill Results and New Targets Identified').
Table 1:2023 Drilling Completed Scallywag
| HOLE | Prospect | EAST | NORTH | RL | Dip | Azi | Pre-collar (m) | TOTAL DD (m) | EOH (m) |
| A35RD001 | A35 | 448749 | 7606497 | 249 | -60 | 275 | 113.7 | 267.6 | 381.3 |
| A35RD002 | A35 | 449021 | 7606487 | 249 | -60 | 290 | 113.9 | 236.1 | 350 |
| A35RD003 | A35 | 449388 | 7606476 | 247 | -65 | 305 | 204.0 | 192.0 | 396 |
| A34RD001 | A34 | 447805 | 7606511 | 243 | -60 | 105 | 180.5 | 139.8 | 320.3 |
| PDD004 | Pearl | 445520 | 7607022 | 249 | -65 | 75 | 0.0 | 200.0 | 200 |
| PDD005 | Pearl | 445469 | 7607017 | 249 | -62 | 260 | 0.0 | 410.5 | 410.5 |
| PDD006 | Pearl | 445203 | 7606773 | 249 | -56 | 65 | 0.0 | 550.0 | 550 |
| PRD002 | Pearl | 445192 | 7606708 | 250 | -65 | 85 | 104.0 | 156.9 | 260.9 |
| SWRD005 | Swan | 446414 | 7607335 | 243 | -65 | 85 | 199.9 | 143.1 | 343 |
| SWRD004 | Swan | 445483 | 7607552 | 246 | -63 | 107 | 204.2 | 221.8 | 426 |
|
| TOTALS |
|
|
|
|
| 1,120.20 | 2,517.8 | 3,638.00 |
Figure 2: 2023 Scallywag drilling and EM target plates with historic RC and diamond collars
Table 2: 2023 Completed Scallywag Drilling - gold and copper intercepts
| HOLE | East | North | RL | Dip | Azimuth | EOH (m) | From | To | Interval | Au g/t | Cu % |
| A35RD002 | 449021 | 7606487 | 249 | -60 | 290 | 350 | 310 | 312 | 2 | 0.04 | 0.17% |
| A35RD003 | 449388 | 7606476 | 247 | -65 | 305 | 396 | 238 | 239 | 1 | 0.83 | |
| PDD004 | 445520 | 7607022 | 249 | -65 | 75 | 200 | 79 | 81 | 2 | 0.19 | |
| SWRD005 | 446414 | 7607335 | 243 | -65 | 85 | 343 | 239 | 240 | 1 | 0.22 | |
Pearl Prospect
Drilling at Pearl intersected stratigraphy interpreted as the Telfer Member and Puntapunta. The Telfer Member is a mid to shallow marine sediment with minor carbonate units which is the host rock to The Telfer orebody.
PDD004 was drilled to twin an interval of high tenor metal fragments intersected from 77m downhole in PDD003 (see RNS of 8 March 2023 titled "Scallywag Exploration Results"), where poor drilling recoveries prevented interpretation of their significance. PDD004 returned weak gold anomalism of 2m @ 0.19g/t Au from 79m in the correlating position. The pathfinder geochemistry was not repeated, meaning the PDD003 anomaly may have been the result of downhole contamination.
Holes PRD002, PDD005 and PDD006 successfully targeted EM conductor plates from previous electromagnetic surveys.
Drilling intersected a sequence of massive, bedded, variably calcareous sediments; with minor zones of patchy K-feldspar / hematitic alteration, veining and faulting, providing some evidence of hydrothermal fluids and structural porosity. Anomalous pathfinder elements of copper, arsenic, lead, zinc and nickel, in addition to elevated bismuth, were recorded.
A34 and A35 Prospects
Diamond core tails at the A34 and A35 prospects successfully intersected the previously modelled electromagnetic plate conductors (Table 1). The A34 and A35 drill holes intersected progressively stronger calcareous units to the east. A35RD003 has a thick sequence of dolomite which has not been intersected in any previous Greatland drilling.
The best copper and gold results from the Scallywag drilling program occurred at the A35 prospect. They are 2m @ 0.17% copper from 310m in A35RD002 and 1m @ 0.83g/t gold from 238m in A35RD003. The copper interval from 310m correlates to a structurally disrupted zone at the contact between a strongly calcareous limestone unit and sandstones. It features weakly elevated bismuth, molybdenum, lead, sulphur and antimony, while the gold result was returned from strong calcareous and iron oxide weathered and faulted limestone sediments.
The A34 prospect returned limited assays of significance, with a minor zone of anomalous arsenic and bismuth, and a coincident anomalous cobalt assay (2m @ 11ppm bismuth and 2m @ 45ppm cobalt) and elevated molybdenum, sulphur and tellurium in an iron-oxidised, faulted coarse sandstone.
Swan Prospect
Swan drill hole SWRD004 to the north of the Pearl drill holes intersected Telfer Member sediments. SWRD005 further east intersected siliceous sediment but with increased calcareous units.
SWRD004 tested a zone of moderate carbonate - hematite - sericite alteration from 388 - 393m with minor quartz, carbonate, pyrite veining, coinciding with relatively anomalous gold, silver, arsenic, bismuth, cobalt, sulphur and tungsten. The highest copper intersection in the hole was recorded as 2m @ 0.04% copper from 391m, with coincident gold (peak 0.023g/t) and bismuth 2m @ 7.8g/t. These zones are indicative of mineralising fluids within a wider system.
The interval broadly coincident with the interpreted position of the EM conductor plate returned a gold assay of 0.22g/t Au from a 1m sample at 239m in SWRD005. It displayed a vuggy calcareous fault/vein zone, coincident with elevated metal pathfinder geochemistry of arsenic, chromium, molybdenum, nickel, lead, antimony, tungsten and zinc in a narrow 2-5m halo.
Ground Magneto-Telluric Survey
Greatland procured a ground magneto-telluric (MT) survey and modelling over the eastern part of the Scallywag tenement, comprising the major syncline structure that was the target of previous Greatland drilling at Kraken, London and Blackbeard (Figure 3). MT surveys are considered particularly effective in areas of deep conductive cover as the signal only traverses the conductive cover once, reducing the deleterious effect that this has at the receiver(s). A similar survey conducted in 2022 of the Havieron mining lease successfully detected the Havieron orebody.
The survey was designed to investigate the parts of the Scallywag project where thick (>200m) cover sequences exist which the aerial electromagnetic survey of 2021 did not effectively penetrate. Nominal station spacing was 500m over key geophysical targets. A total of 120 stations were collected.
Preliminary modelling appears to show a weak anomalous zone coincident with a de-magnetised section of the northern limb of the syncline. Further modelling is underway to improve identification of the geology under cover.
Ongoing optimisation of the MT modelling is aimed at confirming the anomaly as a high priority target for 2024 as well as improving the understanding of stratigraphy and structure to identify Telfer style targets in the broader Scallywag tenement.
Figure 3: Ground MT survey grid on background aeromagnetic image
Further work
The targeted electromagnetic plates were all successfully intersected, with generally very subtle petrophysical property changes or structural / mineralisation zones detected.
This round of drilling has provided a line of geological observations across the prospective Black Hills Anticline (Figure 2) after it plunges under cover to the south. The development of a two dimensional section across the anticline is in progress, which when combined with the final MT survey results will inform a broader three dimensional bedrock geology model of the Scallywag area including structure.
The objective of this work is to identify the prospective Telfer Member (which is not geophysically detectable) where it lies within structural traps under shallow to moderate cover. Any resultant blind Telfer-style ore body targets along with any confirmed MT conductors will be targeted for drilling.
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: All assays above 0.1g/t gold or 0.1% Cu
| Hole_ID | Depth From | Depth To | Au g/t | Cu % |
| A35RD002 | 222 | 223 | 0.03 | 0.13% |
| A35RD002 | 310 | 311 | 0.02 | 0.11% |
| A35RD002 | 311 | 312 | 0.07 | 0.23% |
| A35RD003 | 238 | 239 | 0.83 | 0.001% |
| BUDJ0004 | 305 | 306 | 0.26 | 0.003% |
| BUDJ0004 | 435 | 436 | 0.17 | 0.005% |
| PDD004 | 79 | 80 | 0.19 | 0.003% |
| PDD004 | 80 | 81 | 0.19 | 0.002% |
| SWRD005 | 239 | 240 | 0.22 | 0.005% |
Note: intercepts were calculated using a 0.1ppm Au or a 0.1%Cu cut off, minimum interval of 1m and maximum internal waste of 5m.
Appendix 2: JORC Table 1
Section 1 Scallywag 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 | § An RC Drill rig was used to drill pre- collars for follow up tails with a multi-purpose RC-DD rig, or the multipurpose rig was used to drill mud rotary from surface to competent ground or through the cover sequence with a diamond tail completed in competent ground/basement, to obtain representative samples in an industry standard method § RC samples consisted of rifle split representative 1m crushed rock samples with average weights of less than 5kg § Diamond samples comprise half core material in generally 1m lengths (NQ and HQ diameter core. All basement and the basal 20m of the Permian cover was sampled where intersected with Diamond or RC drilling. Core was cut using an automated core-cutter § No regular sampling was completed for mud rotary drilling as the sample is considered contaminated, however occasional PXRF readings are taken of the slurry for broad prospectivity mapping § Cutting of core adjacent to downhole orientation line or, where un-oriented and possible, orthogonal to visible geological structures such as bedding, foliation; ensures sample representivity § 50% of the core is retained for future check logging, re-sampling and QA/QC
Downhole EM Data Collection: Vortex Geophysics on behalf of Greatland Gold undertook the collection downhole electromagnetic data. Base frequency 1 Hz - 3 min. repeat readings - SMARTem - Standard window timing - Loop dimensions - 200, 300m - Loop turns 1(23A35L1,2) or 2 - Station spacing: 10m and 50m
Magneto-telluric (MT) Data collection: Nominal station spacing was 500m over key geophysical targets out to 1km x 1km on the periphery. A total of 120 stations were collected. All stations were acquired overnight, with MT impedance tensors estimated for the frequency range 10k-0.01 Hz. |
| 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 or mud-rotary pre-collars were followed by HQ then NQ diamond drill core to EOH § The core is oriented using a Reflex mark III tool or equivalent, nominally every core run (around 3m)
|
| 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 § Half core cut at a consistent spacing from orientation lines assist in sample representivity § No relationship between recovery and grade has been observed, except for hole PRDD003 where anomalous results were coincident with core loss. § To ensure sample quality from RC drilling, a face sampling drill bit was used and an attempt was made to keep the sample dry to avoid downhole smearing. Where this was not possible the sample was noted as wet in the sample log. Where this is the case some potential for sample bias may exist |
| 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 is of sufficient quality to support a Mineral Resource estimate, and 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 including orientation of key geological features § Geotechnical measurements were recorded including Rock Quality Designation (RQD), solid core recovery and qualitative rock strength measurements § Magnetic susceptibility measurements were recorded every metre using a KT20 machine § The bulk density of selected drill core intervals was determined at site on whole core samples § Digital data was recorded on site and stored in an SQL database § All drill cores were photographed, prior to cutting and sampling the core § The ground EM survey data identified several potential bedrock conductors. These have been modelled by an expert geophysical Consultant Dave McInnes from Montana GIS in Maxwell, using the Leroi Algorithm, to delineate their conductance and location § The MT survey modelling was carried out by Moombarriga Geoscience group. |
| 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 samples were freighted by road to the laboratory. All core is cut with a core saw, and half core sampled § The samples are assayed at Intertek (Perth, WA) Samples were dried at 105oC, and the bulk of the samples pulverised (using LM5) to produce a pulped product. Oversize primary samples were crushed and a 3kg subsample then milled with the LM5 mill § Sub sampling is reduced to minimum by using total sample pulverisation prior to sub sampling wherever possible § The sample sizes (2-3kg) are considered appropriate for the material being sampled |
| 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 samples were assayed for Au by a 50gm fire assay and 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 § 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 § Analysis of the quality control sample assay results indicates that an acceptable level of accuracy and precision has been achieved and the database contains no analytical data that has been numerically manipulated § Historical drilling- no sampling reported |
| 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. | § A single twin was completed (PDD004) to resample a zone of poor recovery intersected in PDD003. The twin hole intersected competent ground and week anomalism at the same depth as PDD003 § 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 |
| 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 locations were surveyed using hand held GPS. RL's were collected with the same GPS § Drill rig alignment was attained using a hand held compass § Downhole survey orientation data was collected every 30m in diamond drill core segments of the drill hole using a single shot Axis Mining Champ Gyro § The topography is generally low relief to flat, elevation within the dune corridors in ranges between 250-265m AHD steepening to the southeast § All collar coordinates are provided in the Geocentric Datum of Australian (GDA2020 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 | § Drill holes are individual exploration holes targeting specific targets, and are not part of a grid pattern § Not applicable in early stage exploration § No sample compositing has been applied
|
| 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 oriented at various angles to folded layering, and to identified sulphide mineralised structures. The relationship to possible mineralised structures is unknown at this stage
|
| Sample security | § The measures taken to ensure sample security | § The security of samples is controlled by tracking samples from drill rig to database § Entire core samples are delivered by company personnel to a freight company in Port Hedland for delivery by road freight to the assay lab in Perth, where the core is cut and sampled |
| Audits or reviews | § The results of any audits or reviews of sampling techniques and data | § No audits or reviews have been completed |
Section 2 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 Scallywag tenement E45/4701 is 100% owned by Greatland Pty Ltd § The tenement is subject to a Land Access Agreement with Jamukurnu-Yapalikurnu Aboriginal Corporation
|
| Exploration done by other parties | § Acknowledgment and appraisal of exploration by other parties | § Historical work comprised shallow drilling in the north end of the Scallywag tenement (72 generally aircore holes, averaging 47.3m deep, 4 RAB holes (average 68m) and 9 RC holes (average 96.3m) by companies including Newcrest and Normandy Exploration Limited. § Historical reports (WAMEX "A" numbers) are referenced in previous RNS announcements dated 24 August 2021 and 16 April 2021 |
| Geology | § Deposit type, geological setting and style of mineralisation | § Exploration is for intrusion related and orogenic, structurally controlled Au-Cu deposits similar to Telfer, Havieron and Winu, all located in Neo-Proterozoic Yeneena Group sediments of the Paterson Province, Western Australia |
| 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 | § Greatland drill hole collar details are listed in - Table 1 and anomalous results in Table 2
|
| 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 (Table 2) the samples have been selected as follows: - Au >0.1ppm; or - Cu >0.1%; |
| 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 |
| 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 and a Section are provided in Figures 1-2. 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 | § Further drilling of any ground MT targets generated and follow up from further geological interpretation is planned for 2024, along with geophysical follow up. |
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