RNS Number : 3976G
GreenX Metals Limited
28 April 2025
 

Shape Description automatically generated with medium confidence

 

NEWS RELEASE  28 April 2025

TANNENBERG COPPER PROJECT IN GERMANY EXPANDED TO 1,900km2

GreenX Metals Limited (ASX:GRX, LSE:GRX) (GreenX or Company) is pleased to advise that it's Tannenberg Copper Project (Tannenberg or Project) has expanded to 1,900km2 from 272km2 which includes a new region containing additional historic drill intercepts. The expanded project is highly prospective for sediment-hosted (Kupferschiefer type) copper deposits.

HIGHLIGHTS

·      The Tannenberg exploration licence now covers 1,900 km2, a seven-fold increase from the original 272 km2 project area 

·      Original Tannenberg exploration licence extended for a further three years (Tannenberg 1)

·      Second, large Tannenberg exploration licence awarded, which covers 1,628km2, and is valid for three years (Tannenberg 2). Tanneberg 2 can be extended for an additional 3 years under German law

Figure 1: Expanded Tannenberg Project Area

·      The Tannenberg project is held through an earn-in agreement whereby GreenX can earn a 90% interest

·      In January 2025, Tannenberg was one of eight early-stage exploration projects selected by BHP for the 2025 BHP Xplor program

·      Funding from BHP Xplor is currently being used, in collaboration with BHP, to accelerate the geological concept build-out and exploration timeframe at Tannenberg including the newly expanded license area

·      The Tannenberg area contains historically producing copper mines and multiple historical drill intercepts, with excellent potential for new discoveries of shallow (50 m to 500 m), large scale and high-grade copper and silver mineralisation, with much of the new expanded licence area remaining untested by modern exploration

·      In addition to the historic drilling results announced in August 2024, Tannenberg 2 also contains excellent multiple drill intercepts including: 0.69m at 3.1% Cu and 31.7ppm Ag from 378m; and 2.2m at 0.9% Cu and 23.1ppm Ag from 378m

 

GreenX CEO, Mr Ben Stoikovich, said "Following a comprehensive review of the historical data, we identified that the expanded area had similar Kupferschiefer style geology as seen at the Richelsdorf historic mining district in the original Tanneberg 1 license area. Kupferschiefer style sediment hosted copper deposits are widely acknowledged as one of the most prolific sources of modern-day copper production globally. With the Tannenberg Copper Project expanding to 1,900km2, we now have an even larger scale, relatively shallow and potential high-grade copper brownfields exploration project that is strategically located in the heartland of German industry, with copper being recognised as a strategic raw material by the European Union."

 

Figure 2: Tannenberg is located in the industrial centre of Europe within the Basal Zechstein trend (brown shading)

TANNENBERG COPPER PROJECT

Following the expansion of the Project from 272km2 to 1,900km2, the Company is pleased to report new historical drill results in accordance with the JORC Code (2012).

Table 1: Selected Drill Holes.

Locality

Hole ID

Intersect (m)

Cu
(%)

Ag
(ppm)

From

To

Interval

Ronshausen

Ro23

365.48

367.58

2.10

2.7

2.7

Ro18

209.50

211.00

1.50

3.7

3.7

Ro19

339.50

342.00

2.50

1.7

1.7

Ro15

285.86

289.31

3.45

1.0

1.0

Ro20

377.53

378.22

0.69

3.1

31.7

Ro25

533.38

534.39

1.01

1.8

N/A

Ro17

481.51

482.42

0.80

1.5

11.6

Ro35

378.27

380.50

2.23

0.9

23.1

Ro38

536.25

538.00

1.75

0.7

15.7

Nentershausen

Ro45

268.00

269.63

2.00

1.6

1.6

Bold equates to previously reported drill holes. Refer to ASX announcement dated 2 August 2024. N/A equates to not assayed.

 

  A map of land with a map of land AI-generated content may be incorrect.

Figure 3: Historical mining around Richelsdorf District exploited mineralisation near the surface. Historical drilling intercepted mineralised Kupferschiefer down to 436 m. Much of the Kupferschiefer between 50 to 600 m remains untested

 

  A map of a large area AI-generated content may be incorrect.

Figure 4: The expanded licence area includes an addition 1,628km2 of ground which is underlain by the same prospective T1 Kupferschiefer sequence as seen around the Richelsdorf historic mining district

 

In the south of the licence area near the town of Ronshausen, drill holes intersected mineralised Kupferschiefer sequence at depths ranging from 211 to 368 m below the surface (e.g., Ro18 and Ro23). Near the town of Nentershausen in the north, an isolated drill hole intersected 2 m at 1.6% Cu (Ro45).

Upcoming Work Programs

These new and previous reported drill results will be used as a basis for future work programs at the Project, in collaboration with BHP, to aid drill targeting by the combined interpretation of geophysical, geological and data collation methods. The Tannenberg project is data-rich and the GreenX project team are well advanced with the process of collation of data from historic drilling and reporting. The Company expects the first collection of magnetic data to begin within weeks; core relogging and gravity data collection will be ongoing over the summer months.

Key features of the 2025 exploration program will include:

·      Relogging, reassaying and scanning of archived core;

·      Completion of an airborne magnetic and radiometric survey;

·      Collection of additional ground gravity measurements;

·      Reprocessing of archived geophysical data; and

·      Collation of historic mining and production data.

As the Tannenberg 1 exploration licence has been renewed, GreenX can now elect to exercise its option over the Project, pursuant to the earn-in agreement (refer to ASX announcement dated 2 August 2024).

 

ENQUIRIES

Ben Stoikovich
Chief Executive Officer

+44 207 478 3900

 


 

-ENDS-

 

TENEMENT INFORMATION

Table 2: Tenement information.

Licence Name

Commodities

Area (km2)

Issue Date

Expiry Date

Tannenberg 1

1copper, silver

2antimony, arsenic, lead, gallium, germanium, gold, indium, cadmium, cobalt, molybdenum, nickel, palladium, platinum, rhodium, selenium, thallium, vanadium, bismuth, and zinc

272

07.06.2022

06.06.2028

Tannenberg 2

1copper, silver

2antimony, arsenic, lead, gallium, germanium, gold, indium, cadmium, cobalt, molybdenum, nickel, palladium, platinum, rhodium, selenium, thallium, vanadium, bismuth, and zinc

1,628

 22.04.2025

06.06.2028

Notes

1 Target commodities

2 Commodities included in the exploration licence

 

Competent Persons Statement

Information in this announcement that relates to Exploration Results is based on information compiled by Dr Matthew Jackson, a Competent Person who is a Member of the Australian Institute of Mining and Metallurgy. Dr Jackson is employed as Technical Director for GreenX Metals. Dr Jackson has sufficient experience that is relevant to the style of mineralisation and type of deposit under 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'. Dr Jackson consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

This release may include forward-looking statements, which may be identified by words such as "expects", "anticipates", "believes", "projects", "plans", and similar expressions. These forward-looking statements are based on GreenX's expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of GreenX, which could cause actual results to differ materially from such statements. There can be no assurance that forward-looking statements will prove to be correct. GreenX makes no undertaking to subsequently update or revise the forward-looking statements made in this release, to reflect the circumstances or events after the date of that release.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

 

Appendix 1: Exploration Results and JORC Tables

Table 1: Historical drill hole information

Hole ID

Easting

Northing

Elevation

(m MSL)

Dip (°)

Depth (m)

Assay available

Blankenheim

4342597

5646510

306

90

485

No

Eschwege 2

4355595

5677239

238

90

167

No

Herlefeld

4342907

5662879

370

90

151

No

HKZ1001

4341821

5654654

241

90

1702

No

Kuechen

4348218

5675026

405

90

533

Yes

Moershausen

4333331

5666183

261

90

412

No

Obergude

4339370

5662062

305

90

200

No

Quentel

4336189

5676848

377

90

445

Yes

Ro11

4348498

5645650

266

90

n/a

No

Ro14

4348476

5646141

265

90

0

No

Ro16

4348604

5646670

291

90

461

Yes

Ro17

4348767

5646242

305

90

551

Yes

Ro2

4350453

5648295

307

90

n/a

No

Ro20

4349264

5646913

260

90

395

Yes

Ro22

4349147

5646497

277

90

460

Yes

Ro24

4344929

5646769

220

90

443

Yes

Ro25

4349554

5646656

331

90

553

Yes

Ro28

4350624

5645261

374

90

770

Yes

Ro29

4343660

5649423

215

90

459

Yes

Ro32

4342070

5644157

196

90

504

Yes

Ro35

4349084

5646179

294

90

399

Yes

Ro37

4345377

5647952

274

90

530

Yes

Ro38

4351640

5647472

249

90

559

Yes

Ro4

4350142

5647407

268

90

n/a

No

Ro40

4339918

5652779

343

90

359

Yes

Ro43

4344247

5644770

219

90

492

Yes

Ro44

4338910

5653221

290

90

257

Yes

Ro48

4342284

5641681

279

90

563

No

Ro49

4342293

5654945

310

90

553

No

Ro7

4349567

5646404

356

90

n/a

No

Ro9

4349394

5645477

376

90

n/a

No

Rohrbach

4339609

5643832

227

90

558

Yes

Schemmern-1

4347035

5667145

299

90

118

No

TH_740081

4360947

5678119

209

90

115

No

VB Ro I

4350214

5646779

279

90

n/a

No

Weidenhausen

4359061

5677516

178

90

31

No

Weisenborn-2

4348556

5639399

391

90

1750

No

Note: Coordinates are DHDN / 3-degree Gauss-Kruger zone 4.

 

Table 2: Historical drill hole assays

Hole

ID

Intersect (m)

Cu

(%)

Ag

(ppm)

From

To

Interval

Kuechen

515.72

515.765

0.045

0.448

3

Ro16

403.16

403.21

0.05

0.341

7

Ro17

478.13

478.143

0.013

0.664

6

Ro17

481.385

481.465

0.08

0.333

3

Ro17

481.465

481.507

0.042

0.368

3

Ro17

481.507

481.563

0.056

2.734

9

Ro17

481.563

481.604

0.041

1.166

8

Ro17

481.604

481.658

0.054

1.641

11

Ro17

481.658

481.704

0.046

1.024

7

Ro17

481.704

481.754

0.05

0.976

7

Ro17

481.754

481.783

0.029

1

8

Ro17

481.783

481.797

0.014

2.093

9

Ro17

481.797

481.809

0.012

1.998

9

Ro17

481.809

481.819

0.01

1.713

8

Ro17

481.819

481.851

0.032

1.879

14

Ro17

481.851

481.871

0.02

1.808

9

Ro17

481.871

481.886

0.015

1.926

7

Ro17

481.886

481.934

0.048

1.736

8

Ro17

481.934

481.964

0.03

1.808

9

Ro17

481.964

481.974

0.01

1.784

7

Ro17

481.974

482

0.026

1.831

7

Ro17

482

482.025

0.025

2.14

9

Ro17

482.025

482.036

0.011

2.473

12

Ro17

482.036

482.05

0.014

2.52

5

Ro17

482.05

482.06

0.01

2.441

5

Ro17

482.06

482.066

0.006

2.069

14

Ro17

482.066

482.089

0.023

0.715

4

Ro17

482.089

482.101

0.012

0.361

4

Ro17

482.101

482.118

0.017

0.328

4

Ro17

482.118

482.132

0.014

0.715

16

Ro17

482.132

482.156

0.024

0.397

6

Ro17

482.254

482.259

0.005

0.641

11

Ro17

482.259

482.267

0.008

1.255

26

Ro17

482.267

482.279

0.012

1.096

21

Ro17

482.279

482.3

0.021

2.005

35

Ro17

482.3

482.311

0.011

1.891

24

Ro17

482.326

482.345

0.019

0.709

17

Ro17

482.345

482.358

0.013

1.164

26

Ro17

482.358

482.373

0.015

1.346

29

Ro17

482.373

482.383

0.01

1.096

24

Ro17

482.383

482.391

0.008

1.596

31

Ro17

482.391

482.402

0.011

0.891

19

Ro17

482.402

482.423

0.021

1.073

29

Ro17

482.423

482.507

0.084

0.618

16

Ro17

482.556

482.568

0.012

0.401

23

Ro20

377.53

378

0.47

4.1

39

Ro20

378

378.22

0.22

1.1

16

Ro22

436.26

436.76

0.5

0.67

10

Ro22

436.76

437.26

0.5

0.7

9

Ro22

437.26

437.76

0.5

0.59

8

Ro22

437.76

438.26

0.5

1

7

Ro22

438.26

438.76

0.5

0.37

-2

Ro22

438.76

438.9

0.14

10.5

160

Ro22

438.9

438.95

0.05

4.1

58

Ro22

438.95

439.1

0.15

1.5

20

Ro22

439.1

439.4

0.3

0.54

6

Ro25

533.38

533.89

0.51

2.9

-

Ro25

533.89

534.39

0.5

0.65

-

Ro32

486.86

487.06

0.2

0.65

-2

Ro35

378.27

378.55

0.28

2.2

44

Ro35

378.55

379

0.45

1.3

34

Ro35

379

379.5

0.5

0.34

10

Ro35

379.5

380

0.5

0.77

20

Ro35

380

380.5

0.5

0.59

18

Ro38

536.25

536.66

0.41

0.93

17

Ro38

536.66

537

0.34

1.3

28

Ro38

537

537.5

0.5

0.4

10

Ro38

537.5

538

0.5

0.37

12

Rohrbach

522.905

523

0.095

1.53

8

Rohrbach

524

524.19

0.19

0.709

4

Note: Only assay results equal to or greater than 0.3% copper are reported.

 

JORC Code, 2012 Edition - Table 1 Report

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 (eg 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.

Due to the historic nature of the drilling results reported herein, it is not possible to comment on the quality of the sampling used to produce the results described. It is known from historic reports that the drill core was sawn. Sampling of ¼ core was conducted during multiple exploration phases between 1980 and 1987 within the licence area by St Joes Exploration GmbH ("St Joes Exploration"). The information shown here was collated from scans of hard copy reports from that era and a State Survey Database. Assays, geological logging and gamma ray logs were conducted by St Joes Exploration.

 

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

No QAQC was reported.

 

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.

Work was not conducted to modern industry standards.

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).

St Joes Exploration

·          10 cm drill cores were collected, further specifications are not known.

State Survey Database

·          Unknown drilling techniques.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

 

Due to the historic nature of the drilling results reported herein, it is not possible to comment on the recoveries achieved at the time.

 

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Not reported.

 

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.

Not reported.

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.

Information available is not appropriate for a Mineral Resource estimate.

 

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

Available logs are qualitative only.

 

The total length and percentage of the relevant intersections logged.

The entire hole was logged, the target zone is typically 2 m thick.

Sub-sampling techniques

If core, whether cut or sawn and whether quarter, half or all core taken.

A reference to ¼ core is reported by St Joes Exploration however this is not specific to every hole/phase.

and sample preparation

If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

N/A

 

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

N/A

 

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

N/A

 

 

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.

N/A

 

Whether sample sizes are appropriate to the grain size of the material being sampled.

N/A

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.

A St Joes Exploration reference reports that geochemical analysis was carried out by Robertson Research Ltd, Wales, however it is not specified if this was for each hole/phase.

 

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 (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

N/A

Verification of sampling and assaying

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

 

No verification carried out.

 

The use of twinned holes.

No twinned holes.

 

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

Limited data is available via hard copy reports. Data was digitised by Group 11 Exploration and merged with State/Federal databases.

 

Discuss any adjustment to assay data.

N/A

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.

Location accuracy is unknown. The location of holes drilled by St Joes Exploration comes from collar tables in historical reports.  All other collar locations come from State/Federal databases.

 

Specification of the grid system used.

Latitude and Longitude in degree, minutes and seconds were provided by St Joes Exploration. All drill collar coordinates are reported here in the DHDN / 3-degree Gauss-Kruger zone 4 grid system.

 

Quality and adequacy of topographic control.

N/A

Data spacing and distribution

Data spacing for reporting of Exploration Results.

Drillholes within the Ronshausen mineralised area are spaced between 400 - 700m. Outside of this area the drilling is sparce.

 

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.

Not sufficient for the establishment of a JORC compliant resource.

 

Whether sample compositing has been applied.

N/A

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.

The target Kupferschiefer layer is flat to slightly dipping, vertical drilling therefore intercepts at right angles and is appropriate.

 

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.

No sampling bias.

Sample security

The measures taken to ensure sample security.

N/A

Audits or reviews

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

N/A

 

Section 2 Reporting of Exploration Results

(Criteria in the preceding section also apply to this section.)

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 Tannenberg 1 exploration licence is held 100% by Group 11 Exploration GmbH. The licence was originally granted on 7 June 2022 for three years and has now been extended for a further three years to 6 June 2028. The licence is free from overriding royalties and native titles interests. There are historical mine workings within the licence area, but no known historical sites of cultural significance outside of mining.

The Tannenberg 2 exploration licence is held 100% by Group 11 Exploration GmbH. The licence was granted effective 22 April 2025 and is valid for three years.

Within and surrounding both licence areas, there are environmental protections zones with differing levels of protections. There are small areas identified as Natura 2000 Fauna Flora Habitat Areas and Bird Sanctuaries. Other environmental protection designated areas include Nature Reserves, National Natural Monuments, Landscape Protection Area, and Natural Parks. Based on due diligence and discussions with various stakeholders and consultants, the presence of environmental protection areas does not preclude exploration or eventual mining if conducted in accordance with applicable standards and regulations.

The landform across the license area comprises mostly of farmland, forested areas, and small towns and villages.

 

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 licences are in good standing.

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties.

Exploration was carried out by St Joes Exploration (in JV with the Broken Hill Pty Co Ltd later BHP-Utah) between 1980 and 1987. Two projects were undertaken. The Richelsdorf project within the licence area as well as the Spessart-Rhoen project 85 km to the south. Hole IDs starting with 'Ro' were drilled by St Joes Exploration.

All other drill holes come from State Survey databases with unknown history.

Historical mining took place within the licence area. Mining activities ceased in the 1950's. Comprehensive records of all mine workings are not available to the Company (and may not exist).

Geology

Deposit type, geological setting and style of mineralisation.

Mineralisation is of the classic Kupferschiefer type (copper slate) within the Permian Zechstein Basin of Germany and Poland.

The Zechstein Basin is hosted within the Southern Permian Basin ("SPB") of Europe. The SPB is an intracontinental basin that developed on the northern foreland of the Variscan Orogen.

Very high-grade copper mineralisation is generally associated with the Kupferschiefer shale unit. However, minable copper mineralisation also occurs in the footwall sandstone and hanging wall limestone units in Poland. Mineralisation can be offset from the shale by up to 30 m above and 60 m below.

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.

Appendix 1 above contains all relevant drillhole information.

 

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.

All available drill collars are provided. The availability of historical assay results are listed in Appendix 1 Table 1.  Assay results less than 0.3% Cu are not reported.

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.

N/A

 

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.

N/A

 

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

N/A

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.

Drilling is perpendicular to mineralisation. Detailed sampling was done to lithological contacts on a range of scales from 1-50cm.

 

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').

Intercepts are true width.

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.

Appropriate diagrams, including a maps, cross sections, and tables are included in the main body of this announcement.

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.

All available results are reported. Only assays above or equal to 0.3% Cu are reported for practical reasons.

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.

All substantive results are reported. Geological logs and downhole gamma logs are not reported here.

Further work

The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

Reloggging and reassaying of archived drill core will be carried out in order to support drill targeting. The search for additional archive material and historical records will continue. Desktop analysis and drill targeting will be conducted in consultation with subject-matter experts. Geophysical methods (such as seismic, magnetic, electrical, and gravity) will be evaluated and used if deemed appropriate for the project.

 

Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

These diagrams are included in the main body of this release.

 

 

 

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