11 Nov 2021

Thick Gold Mineralisation Intersected in the Albany-Fraser

ASX Announcement 1 1 th November 2021 Latitude Consolidated Limited Ground Floor, 16 Ord Street, West Perth WA 6005 www.latitudeconsolidated.com.au ASX:LCD Thick Gold Mineralisation Intersected in the Albany - Fraser at the Circle Valley Gold Project Highlights: • Thick gold mineralisation intersected at Circle Valley within the Albany - Fraser Mobile Belt , which hosts the multi - million - ounce Tropicana Gold Deposit • Reconnaissance aircore drilling to map stratigraphy across the strike of a 1.2km gold in soil anomaly has defined a 400m wide zone of gold anomalism (1,200m strike x 400m width ) , better results include: o 23m @ 0.6 4 g/t Au from 12m including 12m @ 1.05g/t Au ( CVAC061 ) o 24m @ 0.38g/t Au from 12m including 4m @ 1.49g/t Au ( CVAC06 2) • End of hole multi - element analysis points to Tropicana style pathfinder geochemistry : o A lteration enrichment up to 4.81% Potassium (K) and 1.77% Sul phur (S) o S trong enrichment up to 1,220ppm Barium (Ba) , 436ppm Rubidium (Rb) and 136ppm Lead (Pb) o Enrichment in metals up to 1.70g/t Silver (Ag) , 19.75ppm Molybdenum (Mo) and 0.10ppm Tellurium (Te) • Mineralisation occurs below shallow t ransported cover within gently folded east - west trending magnetic fabrics (banded gneiss ) in the core of a more magnetic fold closure • Follow up drilling planned to commence imminently with assistance from the Western Australian Government’s Exploration Incentive Scheme co - funded drilling program ( $150,000 funding grant ) , testing for extension to the north, east and west where the mineralisation remains open , and separately to test for mineralisation in fresh rock below the regolith Latitude Consolidated Limited (ASX:LCD) (“ Latitude ” or “ the Company ”) is pleased to report the results of reconnaissance drilling undertaken at the Company’s Circle Valley Gold Project in Western Australia ( Figure 9 ) . Th is reconnaissance drilling was designed to build a depth of cover model over the project area and map the basement geolog y , providing the Company with a greater understanding of the stratigraphic , metamorphic and structural architecture at Circle Valley. Gold exploration along the west ern edge of the Albany - Fraser Mobile Belt , where the Circle Valley Gold Project is situated, has met with considerable success as highlighted by the discovery and development of the 7.1Moz Tropicana gold mine (AngloGold Ashanti and Regis Resources Ltd Joint Venture). While t he Company views the se thick gold intersections in this first pass drilling at Circle Valley as encouraging , the end of hol e multi - element geochemistry which points to Tropicana style pathfinder elements is viewed as more important a nd may be indicative of a large mineralis ed system . The gold anomalism has a current known strike of 1.2km , a width of 400m and remains open to the north, east and west. Page 2 of 23 Figure 1 : Circle Valley prospects and location of 2021 reconnaissance drill lines overlaid on magnetics. Two lines of aircore holes were drilled with collars spacings between 20m and 200m. Importantly, n umerous holes ended in mineralisation below the transported cover at the top of fresh rock . Results include: • 23m @ 0.62g/t Au from 12m including 12m @ 1.05g/t Au (CVAC061) • 24m @ 0.38g/t Au from 12m including 4m @ 1.49g/t Au (CVAC062) • 4m @ 0.83g/t Au from 20m (CVAC0 04 ) • 1m @ 0.31g/t Au from 1 5 m (CVAC0 27 ) – hole ends in mineralisation • 1m @ 0.18g/t Au from 1 6 m (CVAC0 48 ) – hole ends in mineralisation • 1m @ 0.17g/t Au from 1 6 m (CVAC0 48 ) • 1m @ 0.12g/t Au from 1 6 m (CVAC0 48 ) – hole ends in mineralisation M ulti - element results from the final meter of each hole delivered elevated silver across the 400m wide Anomaly A zone with results above 0.5g/t Silver including: • 1m @ 1.7 0 g/t Ag from 20 m (CVAC0 57 ) – e nd of hole sample • 1m @ 1. 01 g/t Ag from 17 m (CVAC0 48 ) – e nd of hole sample • 1m @ 0.86 g/t Ag from 36 m (CVAC0 61 ) – e nd of hole sample • 1m @ 0.84 g/t Ag from 19 m (CVAC0 42 ) – e nd of hole sample • 1m @ 0.82 g/t Ag from 24 m (CVAC0 58 ) – e nd of hole sample • 1m @ 0.74 g/t Ag from 20m (CVAC0 47 ) – e nd of hole sample • 1m @ 0.73g /t Ag from 21 m (CVAC0 59 ) – e nd of hole sample • 1m @ 0.63 g/t Ag from 20 m (CVAC0 57 ) – e nd of hole sample • 1m @ 0.60 g/t Ag from 21 m (CVAC0 49 ) – e nd of hole sample • 1m @ 0.57 g/t Ag from 22 m (CVAC0 41 ) – e nd of hole sample • 1m @ 0.50g/t Ag from 25 m (CVAC0 54 ) – e nd of hole sample Page 3 of 23 Figure 2 : Circle Valley Gold Project – Anomaly A cross section (3x vertical exaggeration applied), note maximum depth of aircore drilling is circa 35m . Page 4 of 23 Figure 3 : Early Tropicana cross section (top) at same scale as Circle Valley Anomaly A cross section (bottom) . Page 5 of 23 Figure 4 : Circle Valley Anomaly A plan showing gold in soil anomaly and aircore drill results overlaid on high resolution magnet ics (TMI - 1VD) . Page 6 of 23 Figure 5 : Circle Valley Anomaly A plan showing gold in soil anomaly and end of hole multielement results overlaid on magnetics (TMI - 1VD) . Page 7 of 23 CIRCLE VALLEY Circle Valley is situated in the Albany - Fraser Orogen adjacent to the Archean Yilgarn Craton, which hosts numerous world class gold and nickel deposits. Figure 6 : Regional Geology of Albany - Fraser Orogen and the Yilgarn Craton margin . Magnetic survey s of the project area indicate a structurally complex relationships with the underlying basement rocks. Potential Archean remnants exist within the Circle Valley tenure ( Biranup Zone ) which is considered of appropriate age to host Tropicana Style gold mineralisation. The tenement is overlain by shallow Phanerozoic sediment cover as indicated by the regional gravity data , with the cover becoming increasingly deeper to the north of Circle Valley ( Figure 7 ). Page 8 of 23 Figure 7 : Regional Gravity Survey of the Albany - Fraser Orogen and the Yilgarn Craton margin . The Company views the Circle Valley project to be prospective for Tropicana style mineralisation occurring in reactivated thrust faults running parallel with the Albany - Fras er Mobile Belt. Prospective h ost lithologies are the meta - granitic gneiss below shallow, young er Phanerozoic sedimentary cover. Th e reconnaissance drilling reported in this announcement was designed to build a depth of cover model over the project area and map the basement geology, providing the Company with a greater understanding of the stratigraphic , metamorphic and structural architecture at Circle Valley. The drilling successfully penetrated the shallow younger sedimentary basin overlying the felsic an d mafic gneissic basement rocks. The depth of younger basin sediment cover var ies from 1m to 46m. Importantly the e nd of hole multi - element analysis returned pathfinder results within Anomaly A which show alteration and enrichment of various metals relative to results from outside of Anomaly A. The l ithogeochemistry enrichment described by Doyle 1 at Tropicana is presented in Figure 8 . 1 Doyle, M (2014) Tropicana An integrated approach to understanding granulite - hosted gold. Available at: https://www.dmp.wa.gov.au/Documents/Geological - Survey/GSWA - AFO - Doyle - presentations - 0006.pdf Page 9 of 23 Figure 8 : Tropicana lithogeochemistry described by Doyle (2014) The Company views th e multi - element results as one of the more important outcomes of the Circle Valley reconnaissance drilling program as it begins to define the potential footprint of the mineralisation , which currently stands at 0.4km wide by 1.2km long and remains open to the north, east and west. Key l ithogeochemistry observed at Anomaly A (Circle Vall ey) include: 1. Alteration enrichment up to: • 4.81% Potassium (K) • 1.77% Sulphur (S) 2. Strong enrichment up to: • 1,220ppm Barium (Ba) • 436ppm Rubidium (Rb) • 136ppm Lead (Pb) 3. Enrichment in metals up to: • 1.70g/t Silver (Ag) • 19.75ppm Molybdenum (Mo) • 0.10ppm Tellurium (Te) Page 10 of 23 Commenting on the Circle Valley reconnaissance drilling , Company CEO Tim Davidson said: “ These results from Circle Valley are very encouraging. When we designed the program we were not expecting to intersect thick gold mineralisation . W e simply wanted to map the depth of cover and improve our understanding of the geological setting to aid with future exploration. The 400m wide zone of gold anomalism at Anomaly A, and similarities between the end of hole multi - element res ults and pathfinder geochemistry observed at the multi - million ounce Tropicana deposit leave us very encouraged by the p ros pectivity of this tenure. Up until now Circle Valley has had no systematic gold exploration and the Company intends to address this w ith further aircore, RC and diamond drilling planned in the coming months. Initially this will target Anomaly A, as well as the Fenceline prospect 8km to the northeast where thick gold mineralisation has also previously been intercepted. We are also rapid ly progressing Phase 2 exploration at our Murchison Gold Project and expect to begin receiving assay results from this drilling in the coming weeks, along with the release of our Mining Study in early December. The C ompany remains well funded with an aggre ssive program of work planned for the coming months and we look forward to updating our shareholders with the results of this work as it comes to hand.” Figure 9 : Circle Valley Gold Project Location . Page 11 of 23 This announcement has been a uthorised for release by the Latitude Board of Directors. For further information, please contact : Tim Davidson – Chief Executive Officer +61 8 6388 2700 info@latitudeconsolida ted.com.au www.latitudeconsolidated.com.au ABOUT LATITUDE CONSOLIDATED Latitude Consolidate d (ASX:LCD) is a junior gold explorer with a portfolio of exploration projects across Western Australia. Latitude ’ s flagship Murchison Gold Project has a combined 343km² landholding in the prolific Murchison Gold Fields of Western Australia and host s a large high grade 1.1Moz Mineral Resource. The company is actively exploring on this tenure while also progressing mining studies to determine the best pat hway to production. The Circle Valley project in southern WA sits in the Albany Fraser M obile B elt. This belt hosts the Tropicana gold mine ( 3 Moz past production). Primary gold mineralisation has been identified in two separate locations at Circle Valley a nd presents an exciting exploration opportunity for Latitude. Global Mineral Resource Summary Notes: 1. Mineral Resources previously reported to the ASX on 18th May 2021 in announcement titled “Murchison Gold Mineral Resource Grows 44% to +1.1 Million Ounces”. The Company is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 2. Mineral Resources are produced in accordance with the 2012 Edition of the Australian Code for Reporting of Mineral Resources and Ore Reserves (JORC 2012). 3. Andy Well Mineral Resource is reported using 0.1g/t cut - off grade. 4. Turnberry Open Pit Mineral Resource is reported within a A$2,400/oz pit shell and above 0.5g/t cut - off grade. 5. Turnberry Underground Mineral Resource is reported outside a A$2,400/oz pit shell and above 1.5g/t cut - off grade. 6. Numbers in the Mineral Resource table hav e been rounded. Page 12 of 23 UPCOMING ACTIVITIES The company continues to progress exploration and mining study work across its portfolio of gold projects, with the following activities planned for the remainder of 2021 and early 2022: COMPETENT PERSON'S STATEMENT The information in this release that relates to Exploration Results as those terms are defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserve", is based on information reviewed by Mr Duncan Franey , a Competent Person who is a member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists . Mr Franey is a full - time employee of the Company . Mr Franey has sufficient experience that is relevant t o 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’. Mr Franey consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this release that relates to Mineral Resources was first reported by the Company in it s announcement to the ASX on 18th May 2021. The Company is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. FORWARD LOOKING STATEMENT S Certain statements in this report relate to the future, including forward looking statements relating to the Company’s financial position, strategy and expected operating results. These forward - looking statements involve known and unknown risks, uncertaint ies, assumptions and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements. Actual events or results may differ materially from the events or results expressed or implied in any forward - looking statement and deviations are both normal and to be expected. Other than required by law, neither the Company , their officers nor any other person gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward - looking statements will actually occur. You are cautioned not to place undue reliance on those statements. Nov Dec Jan Feb Mar 2021 2021 2022 2022 2022 Murchison Gold Project - Western Australia Phase 2 Drilling Phase 2 Assay Results Mine Scoping Study Pre-feasibility Study Circle Valley Gold Project - Western Australia EIS co-funded drilling Assay Results Planned Activity Page 13 of 23 CIRCLE VALLEY DRILLING AND ASSAY DATA Table 1 – Collar Table Drill Hole ID Type Northing Easting RL Dip (Degrees) Azimuth (Degrees) End of Hole (m) CVAC001 AC 6348017 398737 250 -60 000 21 CVAC002 AC 6347996 398732 250 -60 000 16 CVAC003 AC 6347974 398729 250 -60 000 31 CVAC004 AC 6347951 398724 250 -60 000 34 CVAC005 AC 6347929 398725 250 -60 000 30 CVAC006 AC 6347911 398726 250 -60 000 34 CVAC007 AC 6351911 399585 250 -90 000 40 CVAC008 AC 6351774 399463 250 -90 000 67 CVAC009 AC 6351696 399394 250 -90 000 72 CVAC010 AC 6351624 399332 250 -90 000 62 CVAC011 AC 6351475 399202 250 -90 000 72 CVAC012 AC 6351359 399048 250 -90 000 30 CVAC013 AC 6351349 399035 250 -90 000 15 CVAC014 AC 6351174 398926 250 -90 000 27 CVAC015 AC 6350996 398841 250 -90 000 69 CVAC016 AC 6350822 398757 250 -90 000 56 CVAC017 AC 6350634 398667 250 -90 000 64 CVAC018 AC 6350454 398582 250 -90 000 88 CVAC019 AC 6350274 398496 250 -90 000 71 CVAC020 AC 6350089 398408 250 -90 000 78 CVAC021 AC 6349904 398320 250 -90 000 45 CVAC022 AC 6349762 398251 250 -90 000 29 CVAC023 AC 6349550 398150 250 -90 000 41 CVAC024 AC 6349370 398066 250 -90 000 11 CVAC025 AC 6349186 397977 250 -90 000 42 CVAC026 AC 6349004 397891 250 -90 000 14 CVAC027 AC 6348827 397807 250 -90 000 16 CVAC028 AC 6348650 397724 250 -90 000 28 CVAC029 AC 6347897 398731 250 -60 000 17 CVAC030 AC 6347874 398739 250 -60 000 26 CVAC031 AC 6347856 398744 250 -60 000 21 CVAC032 AC 6347837 398740 250 -60 000 21 CVAC033 AC 6347817 398757 250 -60 000 18 CVAC034 AC 6347271 398316 250 -90 000 38 CVAC035 AC 6347097 398389 250 -90 000 24 CVAC036 AC 6346921 398464 250 -90 000 47 CVAC037 AC 6346733 398550 250 -90 000 49 CVAC038 AC 6346561 398616 250 -90 000 57 CVAC039 AC 6346454 398622 250 -90 000 66 Page 14 of 23 Table 2 – Significant Intersections (>0.1g/t Au) Drill Hole ID Type Northing Easting RL Dip (Degrees) Azimuth (Degrees) End of Hole (m) CVAC040 AC 6347803 398761 250 -60 000 21 CVAC041 AC 6347777 398770 250 -60 000 22 CVAC042 AC 6347767 398777 250 -60 000 19 CVAC043 AC 6347746 398782 250 -60 000 16 CVAC044 AC 6347880 398021 250 -60 000 22 CVAC045 AC 6347858 398027 250 -60 000 23 CVAC046 AC 6347839 398034 250 -60 000 18 CVAC047 AC 6347821 398041 250 -60 000 20 CVAC048 AC 6347802 398049 250 -60 000 17 CVAC049 AC 6347784 398056 250 -60 000 21 CVAC050 AC 6347765 398063 250 -60 000 14 CVAC051 AC 6347747 398070 250 -60 000 18 CVAC052 AC 6347728 398077 250 -60 000 28 CVAC053 AC 6347710 398084 250 -60 000 13 CVAC054 AC 6347692 398091 250 -60 000 25 CVAC055 AC 6347673 398098 250 -60 000 13 CVAC056 AC 6347655 398106 250 -60 000 18 CVAC057 AC 6347636 398113 250 -60 000 20 CVAC058 AC 6347618 398120 250 -60 000 24 CVAC059 AC 6347599 398127 250 -60 000 21 CVAC060 AC 6347581 398135 250 -60 000 27 CVAC061 AC 6347562 398142 250 -60 000 36 CVAC062 AC 6347544 398149 250 -60 000 40 CVAC063 AC 6347526 398156 250 -60 000 40 CVAC064 AC 6347507 398164 250 -60 000 42 Drill Hole ID Type Downhole From (m) Downhole To (m) Downhole Intersection (m) Au (g/t) Comment CVAC004 Au 20 24 4 0.83 4 m composite CVAC027 Au 15 16 1 0.31 EOH 1 m sample CVAC034 Au 12 16 4 0.11 4 m composite CVAC043 Au 15 16 1 0.12 EOH 1 m sample CVAC048 Au 16 17 1 0.18 EOH 1 m sample CVAC050 Au 12 13 1 0.17 EOH 1 m sample 12 35 23 0.64 4 m composites (3 m composite before EOH) inc. 16 20 4 2.10 4 m composite 12 36 24 0.38 4 m composites inc. 24 28 4 1.49 4 m composite CVAC061 CVAC062 Au Au Page 15 of 23 Table 3 – End of Hole Multi - Element Results Hole_ID SampleID Depth_From Depth_To Au_ppm Pb_ppm Cu_ppm Ag_ppm Al_pct As_ppm Ba_ppm Be_ppm Bi_ppm Ca_pct Cd_ppm Ce_ppb Co_ppm Cr_ppm CVAC001 CVM001 20 21 0.004 3.7 6.9 0.03 7.18 1.2 470 1.35 0.25 0.29 0.02 80900 24.7 134 CVAC002 CVM002 15 16 0.01 19 8.3 0.17 5.16 1.2 790 1.3 0.12 0.13 0.01 47800 10 24 CVAC003 CVM003 30 31 0.004 22.2 6.3 0.12 6.41 0.8 840 2.07 0.16 0.28 0.03 55900 3 15 CVAC003 CVM004 25 26 0.012 21.6 5.5 0.16 6.24 0.9 900 2.31 0.14 0.57 0.02 53800 3.7 13 CVAC004 CVM005 33 34 0.021 17 3.7 0.26 6.19 0.9 790 1.94 0.13 0.15 0.02 84000 2.6 10 CVAC005 CVM006 29 30 0.013 13.4 4.7 0.17 6.57 1.2 860 1.67 0.21 0.22 0.01 78000 2.7 18 CVAC006 CVM007 33 34 0.017 10 6.4 0.24 6.49 1.5 750 1.83 0.19 0.06 0.01 69800 3.8 18 CVAC007 CVM008 33 34 0.004 14.7 14.2 0.05 5.9 18.6 80 0.89 0.14 0.22 0.09 36400 4.7 66 CVAC008 CVM009 66 67 0.005 18.4 21.5 0.03 9.44 3.3 50 1.48 0.23 0.21 0.05 43700 7.4 88 CVAC014 CVM015 26 27 0.003 24.4 10.8 0.02 8.27 14 300 1.14 0.2 0.16 0.05 126000 9.5 31 CVAC015 CVM016 68 69 0.002 37.5 4.6 0.02 9.34 1.4 20 1.38 0.08 0.05 0.01 43600 1.7 12 CVAC016 CVM017 55 56 0.002 10.8 9.4 0.03 9.1 10.6 90 1.43 0.22 0.09 0.02 46800 3.1 17 CVAC017 CVM018 63 64 0.002 33.3 23.5 0.09 7.63 0.9 960 2.9 0.66 0.72 0.09 110000 14.9 24 CVAC018 CVM019 87 88 0.003 23.4 18.2 0.05 6.25 0.6 840 1.42 0.14 1.62 0.07 29400 15.5 38 CVAC019 CVM020 70 71 0.004 16.6 94.7 0.04 8.02 1.2 820 2.57 2.68 0.69 0.02 111500 18.3 34 CVAC020 CVM021 77 78 0.002 38.8 6.9 0.04 7.27 0.6 1090 2.35 0.2 0.73 0.05 54400 8.7 23 CVAC021 CVM022 44 45 0.003 12.2 22.4 0.05 8.04 0.7 740 3.03 0.24 0.24 0.05 109000 16.8 16 CVAC022 CVM023 28 29 0.004 41 35 0.05 9.89 0.8 670 2.38 0.27 0.4 0.05 130500 29.2 40 CVAC023 CVM024 40 41 0.004 16.9 14.2 0.06 7.68 0.7 770 2.26 0.16 0.29 0.02 101500 9.4 18 CVAC024 CVM025 10 11 0.007 35.4 28.7 0.23 7.88 2.2 960 1.71 0.22 0.39 0.03 109500 12.4 14 CVAC025 CVM026 35 36 0.003 13.2 3.5 0.02 6.14 0.7 480 1.41 0.04 0.27 0.02 61500 5.5 17 CVAC026 CVM027 13 14 0.003 13 36.6 0.06 9.49 2.3 230 0.94 0.59 0.49 0.04 73100 38.4 45 CVAC027 CVM028 15 16 0.308 15.7 20.3 0.1 8.45 0.6 650 2.11 0.74 2.53 0.12 124500 33.6 111 CVAC028 CVM029 27 28 0.004 75.9 39.4 0.05 8.93 3 120 1.11 0.3 0.02 0.09 39300 35.8 42 CVAC029 CVM030 15 16 0.025 16.9 128.5 0.48 7.65 1.5 550 1.66 1.02 0.25 0.02 50900 24.8 31 CVAC030 CVM031 25 26 0.008 12.1 20.6 0.18 7.33 1.1 640 2.34 0.16 0.31 0.01 65500 47.7 72 CVAC031 CVM032 20 21 0.023 22.7 4.8 0.15 6.07 0.8 930 1.43 0.09 0.38 0.02 48200 10.6 13 CVAC032 CVM033 20 21 0.008 24.2 11 0.16 5.82 1.3 830 1.55 0.11 0.48 0.02 60600 22.1 20 CVAC033 CVM034 17 18 0.007 23.6 7.4 0.15 6.01 2.1 770 1.67 0.11 0.34 0.03 62800 18.7 18 CVAC034 CVM035 37 38 0.004 11.3 14.9 0.07 8.41 0.7 330 2.36 0.13 2.44 0.07 70900 35.2 77 CVAC035 CVM036 23 24 0.004 33.8 12.6 0.03 8.68 1 110 2.58 0.04 0.45 0.13 211000 13.6 63 CVAC036 CVM037 45 46 0.007 23.3 10.6 0.02 8.03 0.8 100 1.31 0.02 0.03 0.01 137000 7.2 26 CVAC037 CVM038 48 49 0.003 11.7 24.4 0.04 8.73 0.5 490 1.74 0.07 2.34 0.04 93900 32.1 21 CVAC038 CVM039 56 57 0.002 9.5 72.4 0.05 7.22 0.3 430 1.34 0.03 1.72 0.05 104000 19.6 86 CVAC039 CVM040 65 66 0.002 4 1.6 0.01 6.77 0.5 290 1.19 0.02 0.66 0.02 14200 33.4 532 CVAC040 CVM041 20 21 0.009 24.6 2.8 0.03 6.79 1.6 890 1.09 0.11 0.04 0.03 72100 4.2 17 CVAC041 CVM042 21 22 0.016 6.3 52.4 0.57 6.23 1.2 710 1.71 0.59 0.13 0.02 61700 66.3 47 CVAC042 CVM043 15 16 0.027 8.7 32.3 0.84 6.68 2.4 930 1.58 0.98 0.23 0.05 58600 22.5 31 CVAC043 CVM044 15 16 0.123 20.6 2.8 0.17 7.17 0.6 700 2.68 0.24 0.8 0.03 64400 5.8 16 CVAC044 CVM045 21 22 0.015 53.5 24.7 0.34 8.59 2.1 870 1.41 0.71 0.27 0.02 102500 16.1 64 CVAC045 CVM046 22 23 0.005 13 14.3 0.14 7.3 1.4 930 1.56 0.13 0.33 0.01 91500 4.5 20 CVAC046 CVM047 17 18 0.004 45.2 3.4 0.02 6.11 1.3 720 1.11 0.07 0.08 0.01 61500 2.1 24 CVAC047 CVM048 19 20 0.075 29.2 7.1 0.74 6.39 0.9 800 1.6 0.17 0.37 0.01 45500 5.6 18 CVAC048 CVM049 16 17 0.182 29.4 11.2 1.01 5.96 0.7 720 0.9 0.47 0.05 0.01 28800 17.5 16 CVAC049 CVM050 20 21 0.007 23.6 10.8 0.6 6.37 1.3 750 1.5 0.34 0.07 0.01 83600 14.7 22 CVAC050 CVM051 13 14 0.051 21.1 7.6 0.37 5.84 1.1 640 1.38 0.18 0.24 0.02 66100 25 24 CVAC051 CVM052 17 18 0.009 17.5 4.8 0.3 6.77 0.1 840 1.29 0.32 0.07 0.01 41100 7.8 15 CVAC052 CVM053 27 28 0.012 5.3 46.2 0.29 7.5 1.3 400 1.92 1.65 0.79 0.06 108500 34.2 210 CVAC053 CVM054 12 13 0.012 23.7 9.6 0.39 5.53 1.5 790 0.81 0.44 0.07 0.01 55700 24.3 26 CVAC054 CVM055 24 25 0.01 23.2 7.6 0.5 6.06 1.3 760 1.61 0.33 0.44 0.02 72700 8.3 23 CVAC055 CVM056 11 12 0.016 18 9.3 0.63 5.05 3.1 620 0.95 2.08 0.02 0.01 55300 6.6 28 CVAC056 CVM057 17 18 0.015 17.1 7.7 0.29 5.66 3.1 660 0.97 0.29 0.05 0.02 74400 30.8 23 CVAC057 CVM058 19 20 0.014 35.3 11.9 1.7 6.18 1.1 730 1.26 0.43 0.08 0.02 84100 6.1 15 CVAC058 CVM059 23 24 0.047 116.5 9.2 0.82 7.37 1.9 750 1.08 0.93 0.06 0.59 97100 10.6 20 CVAC059 CVM060 20 21 0.035 136.5 18.5 0.73 7.69 2.5 500 1.13 0.9 0.07 1.17 194000 18.5 17 CVAC060 CVM061 26 27 0.02 76.1 9.5 0.28 7.15 1.5 630 1.26 0.97 0.21 0.15 174000 9.6 17 CVAC061 CVM062 35 36 0.082 34.9 18.7 0.86 7.62 1.6 960 2.42 0.69 0.35 0.04 112000 11.3 19 CVAC062 CVM063 39 40 0.055 25.6 33.6 0.49 7.75 0.9 740 2.45 1.05 0.42 0.05 85700 17.9 32 CVAC063 CVM064 37 38 0.013 26.8 19.6 0.32 6.63 1.3 1220 1.76 0.24 0.14 0.04 82800 9.7 23 CVAC064 CVM065 41 42 0.01 11.4 12.1 0.2 8.2 1.3 590 2.33 0.18 1.3 0.03 75800 18 15 Page 16 of 23 Hole_ID SampleID Depth_From Depth_To Cs_ppm Fe_pct Ga_ppm Ge_ppm Hf_ppm In_ppm K_pct La_ppb Li_ppm Mg_pct Mn_ppm Mo_ppm Na_pct Nb_ppm Ni_ppm P_ppm CVAC001 CVM001 20 21 16.15 3.63 15.85 0.09 1.9 0.026 2.41 39500 28.9 1.44 525 1.98 0.69 14 96.8 210 CVAC002 CVM002 15 16 3.2 1.46 10.1 0.06 2 0.009 3.25 25200 8.3 0.09 237 3.02 0.86 6.9 5.3 40 CVAC003 CVM003 30 31 3.98 1.48 13.85 0.1 2 0.013 4.12 31500 14 0.16 302 2.36 0.67 9.4 8.3 90 CVAC003 CVM004 25 26 4.49 1.4 12.75 0.08 2.7 0.011 3.86 29900 12.7 0.12 269 2.08 1.48 7.3 8.3 90 CVAC004 CVM005 33 34 4.28 1.27 14.25 0.09 2.2 0.014 4.4 46100 17.1 0.15 212 1.54 0.65 9 4.2 120 CVAC005 CVM006 29 30 4.73 1.61 14.3 0.11 2.6 0.017 4.43 47100 12.9 0.17 213 2.47 0.95 9.7 6.2 70 CVAC006 CVM007 33 34 4.33 1.87 14.05 0.09 2.6 0.016 3.88 37500 18.4 0.23 243 2.78 0.8 9.3 5.6 60 CVAC007 CVM008 33 34 0.29 6.54 13.3 0.05 1.7 0.039 0.34 18000 111.5 0.59 278 19.65 4.16 5.4 26 90 CVAC008 CVM009 66 67 0.13 5.84 21.4 0.05 1.9 0.075 0.12 27600 57.2 0.42 529 2.37 2.46 14.7 29 550 CVAC014 CVM015 26 27 0.86 3.3 18.55 0.08 3.9 0.035 1.03 48400 59.2 0.33 213 5.66 2.28 13.1 18.1 160 CVAC015 CVM016 68 69 0.06 1.87 21.3 0.025 6.1 0.032 0.11 1900 37.8 0.21 143 0.95 1.64 16.3 7.7 30 CVAC016 CVM017 55 56 0.15 3.37 22.2 0.07 4.9 0.045 0.25 31000 33.5 0.27 251 2.13 2.06 16.3 9.9 120 CVAC017 CVM018 63 64 2.32 3.46 18.4 0.14 2.9 0.065 2.55 59100 16.4 0.85 522 1.22 3.65 12.9 16.5 330 CVAC018 CVM019 87 88 1.29 3.4 13.7 0.06 2 0.028 2.25 13500 12 1.08 663 1.55 2.01 5.7 21.9 160 CVAC019 CVM020 70 71 3.97 3.46 19.15 0.21 4 0.06 2.45 95500 22.9 1.01 507 1.21 3.26 12.2 29.6 300 CVAC020 CVM021 77 78 1.83 2.73 16.5 0.09 2.1 0.031 3.28 29900 15.5 0.77 750 1.1 2.64 8.6 15.6 180 CVAC021 CVM022 44 45 4.39 2.7 18 0.16 3.6 0.05 2.81 63000 49 0.48 703 2.41 2.29 11.9 13 230 CVAC022 CVM023 28 29 1.63 3.46 21.6 0.2 2.5 0.048 1.87 59800 49.9 0.32 282 2.25 1.57 11.4 50.7 330 CVAC023 CVM024 40 41 2 1.95 17.15 0.18 3.6 0.026 2.29 78100 17.1 0.62 282 1.3 3.14 10.3 10.7 150 CVAC024 CVM025 10 11 0.57 1.48 19.5 0.22 3.7 0.074 3.16 74800 5.9 0.07 66 1.48 1.77 12.5 14.1 140 CVAC025 CVM026 35 36 1.42 1.33 13.55 0.13 2.7 0.019 2.89 31800 6.3 0.39 156 1.33 2.68 8.5 6.2 110 CVAC026 CVM027 13 14 0.57 1.97 22.6 0.1 3.6 0.049 0.93 35700 1.9 0.1 129 1.63 2.67 10.8 23.6 230 CVAC027 CVM028 15 16 3.67 5.05 22 0.22 1.4 0.059 2.03 60100 17.1 1.96 661 2.72 2.6 27.1 92.5 1760 CVAC028 CVM029 27 28 0.3 2.21 20.6 0.06 4.4 0.049 0.56 8800 11.1 0.08 114 4.3 0.51 12.3 31.8 90 CVAC029 CVM030 15 16 1.62 2.24 17.75 0.08 2.2 0.018 1.55 26500 7.1 0.08 105 2.89 0.9 8.2 15.5 160 CVAC030 CVM031 25 26 29.1 4.83 16.25 0.14 2.2 0.039 4.22 36000 44 2.49 507 3.4 0.51 8.4 32.9 430 CVAC031 CVM032 20 21 4.66 1.11 11.2 0.12 2.4 0.012 4.04 24900 5 0.07 173 1.43 1.25 6.5 2.3 70 CVAC032 CVM033 20 21 3.45 1.61 11.55 0.12 2.3 0.015 3.38 33500 6.7 0.07 219 2.42 1.29 6.8 4.3 80 CVAC033 CVM034 17 18 4.21 1.6 12.35 0.14 2.8 0.016 3.4 34800 7.1 0.09 227 1.7 1.34 6.8 5.2 70 CVAC034 CVM035 37 38 3.81 7.18 18.4 0.14 1 0.034 1.32 32600 19.7 1.64 951 0.81 2.47 7.3 65.5 2180 CVAC035 CVM036 23 24 2.12 2.73 22.7 0.68 5.2 0.049 1.4 281000 28.1 0.63 269 1.8 2.09 18.2 39.1 400 CVAC036 CVM037 45 46 0.62 2.49 20.5 0.15 8.6 0.053 2.16 27200 33.1 0.14 96 2.31 0.95 17.4 9 80 CVAC037 CVM038 48 49 1.22 3.59 20.7 0.16 2.9 0.054 1.71 46500 25.4 1.14 432 1.55 3.09 7.4 29.6 1180 CVAC038 CVM039 56 57 0.71 3.28 15.15 0.15 1.5 0.027 1.09 51000 11.1 1.34 440 1.39 3.37 4 40.3 620 CVAC039 CVM040 65 66 2.62 6.84 19.25 0.07 1.4 0.019 1.27 7600 76 4.35 413 0.67 2.76 3.7 271 290 CVAC040 CVM041 20 21 7.28 2.29 15.1 0.11 2.1 0.017 4.72 45300 9.6 0.15 168 1.49 0.61 8.9 5.3 70 CVAC041 CVM042 21 22 8.67 3.3 15.55 0.09 2.6 0.033 3.42 31700 21.9 0.64 253 9.61 0.48 7.9 20.1 330 CVAC042 CVM043 15 16 12.1 4.08 18.65 0.12 3 0.035 4.04 29600 23.5 0.82 392 3.98 0.48 14.1 11.8 740 CVAC043 CVM044 15 16 4.37 1.04 14.75 0.09 1.7 0.013 3.39 32700 9.1 0.12 313 1.15 1.16 7.9 6.3 110 CVAC044 CVM045 21 22 1.78 0.96 15.5 0.12 1.9 0.039 2.7 43400 8 0.14 100 2.79 1.08 6.5 31.3 100 CVAC045 CVM046 22 23 2.14 0.95 15.25 0.1 2.8 0.017 3.5 48900 7 0.11 78 2.05 1.29 9.1 4.9 90 CVAC046 CVM047 17 18 1.98 1.85 14.25 0.08 2 0.022 4.21 33500 10.2 0.16 115 2.35 0.87 8.6 3 90 CVAC047 CVM048 19 20 1.89 0.89 12.75 0.08 2 0.011 4.2 22800 5.3 0.05 185 1.5 1.34 6.7 11.4 80 CVAC048 CVM049 16 17 2.35 1.54 14.45 0.07 2.1 0.024 4.54 14000 13 0.16 286 2.75 0.6 8.1 12.1 30 CVAC049 CVM050 20 21 2.46 1.73 16.05 0.09 2.3 0.021 4.12 44100 13.6 0.17 193 3.04 0.81 8.6 8.5 80 CVAC050 CVM051 13 14 2.14 1.29 12.8 0.08 1.8 0.02 3.58 35200 9.8 0.14 210 2.99 0.99 7.5 7.9 70 CVAC051 CVM052 17 18 2.48 1.5 16 0.07 2.3 0.018 4.58 22300 14.3 0.21 154 1.54 0.54 8.6 4.4 80 CVAC052 CVM053 27 28 21.2 6.59 22 0.13 1.4 0.034 4 59800 56.1 3.5 1360 2.64 0.53 13.7 133 460 CVAC053 CVM054 12 13 2.25 1.75 11.85 0.07 2.2 0.016 4.81 29500 9.6 0.12 194 3.6 0.94 7.6 5.6 70 CVAC054 CVM055 24 25 3.93 2.09 14.8 0.1 2.8 0.021 4.2 38900 14.5 0.31 331 3.51 1.11 9.5 8.3 280 CVAC055 CVM056 11 12 2.35 1.72 13.55 0.09 2.4 0.018 4.26 32000 12.9 0.16 148 8.43 0.54 8 4.9 60 CVAC056 CVM057 17 18 2.76 1.41 14.25 0.11 2.4 0.019 4.54 42400 12.9 0.14 124 2.54 0.7 8.2 5.9 80 CVAC057 CVM058 19 20 2.1 1.87 14.4 0.14 3 0.023 3.73 65300 15.7 0.16 226 1.95 0.82 9 6.1 110 CVAC058 CVM059 23 24 1.66 1.75 15.25 0.19 4.3 0.036 4.4 67400 11 0.08 82 2.59 0.92 6.3 13.9 160 CVAC059 CVM060 20 21 0.89 1.76 17.8 0.19 4.1 0.044 2.6 80300 8.7 0.05 116 5.81 0.94 7.6 11.8 200 CVAC060 CVM061 26 27 1.52 1.77 16.45 0.21 4.2 0.033 2.98 79500 8.8 0.11 143 1.95 1.73 5.1 8.2 180 CVAC061 CVM062 35 36 6.37 3.02 19.95 0.16 4.2 0.03 4.1 55800 21.1 0.29 448 19.75 1.59 9.8 7.9 190 CVAC062 CVM063 39 40 9.21 4.7 23.8 0.12 4.3 0.052 4.22 42700 38.2 0.85 791 7.13 1.14 13.6 14.9 610 CVAC063 CVM064 37 38 5.79 2.7 16.8 0.14 3.2 0.035 4.29 41900 19.7 0.35 395 5.78 0.93 8.9 7 160 CVAC064 CVM065 41 42 10.65 5.78 20.4 0.16 2.1 0.047 3.47 36400 43.1 1.97 896 1.48 1.56 6.3 4.2 1930 Page 17 of 23 Table 4 – Tropicana Collar Table (as illustrated in Figure 3 ) Hole_ID SampleID Depth_From Depth_To Rb_ppm Re_ppm S_pct Sb_ppm Sc_ppm Se_ppm Sn_ppm Sr_ppm Ta_ppm Te_ppm Th_ppm Ti_pct Tl_ppm U_ppm V_ppm W_ppm Y_ppm Zn_ppm Zr_ppm CVAC001 CVM001 20 21 216 0.001 0.79 0.59 9.7 1 1.6 43.6 0.92 0.025 7.62 0.548 1.63 2.4 64 31.2 6.1 45 63.1 CVAC002 CVM002 15 16 170 0.001 0.26 0.27 1.7 1 1.1 79.9 0.61 0.025 11 0.055 0.86 3.2 7 88 5.6 16 66.5 CVAC003 CVM003 30 31 198.5 0.001 0.1 0.21 2 0.5 1.4 96.4 0.96 0.025 16.4 0.083 0.95 3.9 7 2.4 7.9 27 63.5 CVAC003 CVM004 25 26 193.5 0.001 0.13 0.26 1.7 0.5 1.2 125 0.61 0.025 13.1 0.078 1.1 3.3 6 3.6 7.1 21 87.9 CVAC004 CVM005 33 34 227 0.001 0.26 0.13 2.4 0.5 1.6 72 0.87 0.025 13.3 0.09 1.28 3.7 9 2.9 8.3 25 72.5 CVAC005 CVM006 29 30 240 0.001 0.22 0.2 2.6 0.5 1.7 85.7 0.9 0.025 15.6 0.093 1.31 3.4 11 4.2 11.1 18 84.2 CVAC006 CVM007 33 34 202 0.001 0.5 0.28 3 0.5 1.7 59.5 0.93 0.025 17.55 0.102 0.97 3.9 10 2.3 9.8 21 89.4 CVAC007 CVM008 33 34 9.1 0.01 6.59 0.5 8.4 2 1.2 38.7 0.42 0.025 10.1 0.246 0.12 5.4 59 1.1 6.2 33 62.7 CVAC008 CVM009 66 67 3.8 0.002 0.98 0.37 25.1 0.5 2.8 25.2 1.22 0.025 13.25 0.684 0.23 2.6 102 2.1 6.3 45 62.6 CVAC014 CVM015 26 27 46.9 0.004 2.02 0.69 7.5 0.5 2 79.4 0.89 0.025 13.15 0.239 0.24 3.6 44 15.7 23.6 41 138.5 CVAC015 CVM016 68 69 4.9 0.001 0.19 0.41 5.7 0.5 1.9 8.7 1.27 0.025 19.05 0.133 0.07 2.3 9 0.8 3.5 17 195.5 CVAC016 CVM017 55 56 9.9 0.002 1.31 0.29 7.2 0.5 2.3 24.5 1.21 0.025 16.85 0.245 0.32 3.2 35 0.9 5.1 23 169.5 CVAC017 CVM018 63 64 120 0.001 0.24 0.26 8.6 0.5 3.5 234 0.88 0.025 13.95 0.33 0.64 2.8 40 11.9 29.1 142 104.5 CVAC018 CVM019 87 88 95.3 0.001 0.17 0.28 10.9 0.5 1.2 206 0.3 0.025 2.79 0.222 0.45 0.9 58 1.5 11.1 68 76.8 CVAC019 CVM020 70 71 196 0.004 0.33 0.51 6.6 0.5 6.7 183.5 0.89 0.025 11.5 0.261 1.18 2.5 38 4.4 50.6 90 142.5 CVAC020 CVM021 77 78 156 0.001 0.25 0.4 5 0.5 1.7 206 0.64 0.025 8.05 0.21 0.68 1.5 28 1.5 12.9 96 79.4 CVAC021 CVM022 44 45 346 0.001 0.81 0.57 6.6 0.5 2.1 105.5 1.03 0.025 15.4 0.192 1.45 4.3 35 26.3 33.5 87 112.5 CVAC022 CVM023 28 29 123.5 0.001 1.12 0.28 16.9 1 2.3 147 0.76 0.025 9.43 0.397 0.51 1.9 73 2.8 61.2 94 93.1 CVAC023 CVM024 40 41 102 0.001 0.28 0.21 5.8 0.5 1.6 124.5 0.84 0.025 11.5 0.202 0.62 4.1 33 7.8 88.6 45 121 CVAC024 CVM025 10 11 107 0.007 1.03 0.12 2.7 1 2.5 115 1.01 0.08 13.85 0.145 1.1 3.9 12 7.5 36.6 13 128 CVAC025 CVM026 35 36 95.8 0.001 0.15 0.13 3 0.5 2.1 77.3 0.73 0.025 14.7 0.113 0.47 1.9 14 20.5 18 26 80.2 CVAC026 CVM027 13 14 43.2 0.002 1.38 0.48 16.5 1 2.3 154.5 0.57 0.05 21.9 0.891 0.92 10.1 166 3.9 11.3 7 101 CVAC027 CVM028 15 16 120.5 0.001 0.27 0.22 14.6 0.5 3 323 1.5 0.13 8.54 0.966 0.75 1.8 103 8.3 30.2 99 38 CVAC028 CVM029 27 28 31.2 0.012 1.11 0.33 18.7 1 2.5 9.2 1.01 0.025 7.14 0.615 2.02 16.7 117 2.2 6.2 65 157.5 CVAC029 CVM030 15 16 80.9 0.002 1.77 0.27 10.2 1 1.6 78.6 0.74 0.025 12.65 0.562 1.02 4.5 62 52.4 6.4 8 74.5 CVAC030 CVM031 25 26 294 0.001 0.61 0.21 18.2 1 1.6 69.8 0.73 0.025 9.44 0.49 1.87 2.7 137 348 12.8 72 80.1 CVAC031 CVM032 20 21 174 0.001 0.3 0.21 2 1 1.2 121.5 0.64 0.025 11.05 0.073 1.08 2.8 8 165 5.7 6 76.9 CVAC032 CVM033 20 21 144.5 0.002 0.52 0.27 2.2 0.5 1.8 116.5 0.6 0.025 13.6 0.077 0.91 3.7 9 290 6.7 10 77.3 CVAC033 CVM034 17 18 163.5 0.002 0.58 0.43 2.5 0.5 1.8 103.5 0.69 0.025 17.9 0.088 0.99 3.4 14 203 8.3 11 86.7 CVAC034 CVM035 37 38 70.8 0.001 0.33 0.27 18.7 0.5 1.1 379 0.6 0.025 4.95 0.647 0.31 2.6 188 2.6 21.4 89 41 CVAC035 CVM036 23 24 104 0.002 1.22 0.15 9.6 0.5 2.7 80.8 0.91 0.025 13.45 0.277 0.75 3 51 3.4 88.2 134 194 CVAC036 CVM037 45 46 68.1 0.001 1.98 0.14 6.6 0.5 3.1 20.2 1.04 0.025 34.7 0.155 0.32 3.8 31 36.9 24.6 40 299 CVAC037 CVM038 48 49 81.4 0.001 0.68 0.18 16.8 0.5 2.8 454 0.44 0.025 13.75 0.565 0.52 2.3 147 13.8 29.7 84 112.5 CVAC038 CVM039 56 57 54.1 0.001 0.17 0.09 9.4 0.5 0.7 493 0.25 0.025 10.2 0.231 0.22 1 63 3.2 16.2 44 62.9 CVAC039 CVM040 65 66 79.5 0.001 0.09 0.15 9 0.5 0.7 187 0.3 0.025 1.58 0.236 0.17 0.7 67 1.6 6.4 72 48.1 CVAC040 CVM041 20 21 240 0.001 0.71 0.64 2.7 1 1.5 68.2 0.87 0.025 21.8 0.086 1.16 3.2 12 3.3 9.3 17 72.3 CVAC041 CVM042 21 22 180.5 0.005 1.32 0.24 6.8 0.5 2.6 40 0.7 0.025 11.3 0.224 0.85 3.1 39 450 10.9 36 97.4 CVAC042 CVM043 15 16 221 0.002 1.42 0.32 8 0.5 2.3 92 1.07 0.025 9.51 0.289 1.08 2.5 32 43.2 14.2 54 112.5 CVAC043 CVM044 15 16 163.5 0.001 0.14 0.36 2.7 0.5 1.3 81.4 0.85 0.025 14.25 0.094 0.89 4.7 9 18.3 7.4 8 55.9 CVAC044 CVM045 21 22 128 0.004 0.16 0.36 9.7 5 1.2 80.9 0.56 0.025 14.7 0.214 0.91 16.6 66 3.1 8.2 4 59.7 CVAC045 CVM046 22 23 137.5 0.003 0.17 0.21 3 5 1.4 103.5 0.91 0.025 21.4 0.125 0.76 14.3 12 13.7 7.5 3 99.6 CVAC046 CVM047 17 18 165 0.001 0.34 0.34 3 1 2.2 76.1 0.74 0.025 13.8 0.082 0.85 2.5 13 8.1 5.4 10 65.4 CVAC047 CVM048 19 20 190.5 0.001 0.3 0.19 3 0.5 1.2 102.5 0.58 0.025 13.15 0.09 1.32 18 11 17.8 5.5 4 76.7 CVAC048 CVM049 16 17 243 0.004 0.38 0.24 3 0.5 2 57.9 0.78 0.05 9.4 0.092 1.57 8.9 13 103.5 4.7 12 70.1 CVAC049 CVM050 20 21 192.5 0.002 0.39 0.29 3.1 1 2.1 52.9 0.84 0.025 19.8 0.123 1.29 6.9 18 112 8.9 13 81.8 CVAC050 CVM051 13 14 165.5 0.002 0.16 0.22 2.9 0.5 1.8 74.7 0.64 0.025 15.5 0.114 0.94 5.6 16 203 6.9 10 63.7 CVAC051 CVM052 17 18 217 0.001 0.29 0.2 3.3 0.5 1.8 87.1 0.75 0.025 8.6 0.126 1.17 3.7 18 48.2 4.2 14 83.2 CVAC052 CVM053 27 28 436 0.001 0.45 0.18 14.1 0.5 1.7 47.8 1.05 0.05 7.18 0.508 3.21 2.5 125 2.8 9.6 147 47 CVAC053 CVM054 12 13 216 0.006 0.55 0.32 3.2 1 1.8 84 0.7 0.1 14.4 0.114 2.05 12.1 16 332 6 5 80.3 CVAC054 CVM055 24 25 206 0.004 0.28 0.27 4.8 0.5 1.7 102 0.83 0.05 17.2 0.181 1.28 4.3 31 4.9 10 24 99.9 CVAC055 CVM056 11 12 205 0.005 0.63 0.33 2.9 1 2.4 62 0.79 0.1 17.9 0.107 1.99 8.2 14 54.5 6.4 9 87.9 CVAC056 CVM057 17 18 225 0.002 0.52 0.23 3.1 0.5 1.6 66 0.66 0.025 17.85 0.091 1.99 6.1 12 237 8.9 11 87.8 CVAC057 CVM058 19 20 181.5 0.001 1.14 0.41 3.6 0.5 1.7 66.4 0.85 0.025 19.15 0.117 1.2 5.3 14 20.6 14.5 13 110.5 CVAC058 CVM059 23 24 173 0.002 1.26 0.28 5.5 0.5 2.3 83.6 0.45 0.06 16.85 0.124 1.31 7 18 27 17.7 87 164 CVAC059 CVM060 20 21 96 0.029 1.32 0.36 5.2 0.5 1.8 70.5 0.63 0.025 16.5 0.227 1.49 6.7 21 123.5 19.2 65 155 CVAC060 CVM061 26 27 113.5 0.001 1.31 0.23 4.6 0.5 1.5 98.3 0.44 0.025 19.4 0.15 1.46 5.4 18 24.6 22.8 38 150.5 CVAC061 CVM062 35 36 236 0.001 1.27 0.34 6.7 0.5 2.4 133 0.9 0.025 19.55 0.226 1.73 9.9 36 37.6 31.4 49 152 CVAC062 CVM063 39 40 279 0.001 1.01 0.32 12.7 0.5 2.5 101 0.92 0.025 20.9 0.458 1.93 8.2 63 14.4 26.1 79 173 CVAC063 CVM064 37 38 251 0.001 0.9 0.41 6.2 0.5 1.9 125.5 0.78 0.025 18.8 0.184 1.62 4.6 34 33.4 14.7 47 119 CVAC064 CVM065 41 42 225 0.001 0.97 0.32 15.9 0.5 1.1 184.5 0.4 0.025 5.95 0.628 1.45 3.1 128 13.1 20.9 89 85.2 Hole_ID Grid_ID WorkNorth WorkEast WorkR L TotalDepth UserHoleType DrillDate Dip GridAzim TPA0193 AMG51_84 6763160 650290 350 52 RAB 08:Mar:2003 -90 0 TPA0129 AMG51_84 6763130 650323 350 43 RAB 08:Mar:2003 -90 0 TPSL013 AMG51_84 6763105 650377 350 85 UNKN 30:Jun:2003 -60 315 TPA0192 AMG51_84 6763105 650377 350 46 RAB 08:Mar:2003 -90 0 TPSL005 AMG51_84 6763062.43 650391.99 350 100 UNKN 28:Jun:2003 -60 315 TPA0130 AMG51_84 6763059 650394 350 50 RAB 08:Mar:2003 -90 0 TPSL006 AMG51_84 6763019 650415 350 106 UNKN 28:Jun:2003 -60 315 TPA0133 AMG51_84 6763340 650538 350 46 RAB 09:Mar:2003 -90 0 Page 18 of 23 JORC 2012 – TABLE 1: CIRCLE VALLEY Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) CRITERIA JORC CODE EXPLANATION COMMENTARY Sampling techniques • Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • The results detailed in this announcement come from an air core drill programme completed by Latitude in 2021. • 64 AC holes were drilled on four lines, two lines on 20 m spacings and two lines on 200 m spacing. The closer spaced holes were drilled at 60 d egrees inclination to the north with he wider spaced holes drilled vertically. The holes were drilled along the edge of paddocks. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tool s or systems used. • Drill sampling was conducted on 4 m composite samples via fire - assay with bottom of hole metre sample sent for multielement analysis. • No QC samples were included by the company in this programme, but the laboratory included their usual QC samples to monitor appropriate calibration of their instruments. • Aspects of the determination of mineralisation that are Material to the Public Repo rt. • Mineralisation determined qualitatively through logging : presence of sulphide and visible gold in quartz; internal structure (massive, brecciated, laminated) of quartz. • Mineralisation determined quantitatively via fire assay and 4 - acid digest multielem ent analysis. • 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. • A C samples 4 m composites a nd 1 m samples analysed by 5 0g Fire Assay and AAS. • Bottom of hole samples analysed by 4 - acid digest and ICP - MS for multielement analysis. Drilling techniques • Drill type (e.g. core, reverse circulation, open - hole hammer, rotary air blast, auger, Bangka, s onic, 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). • Air core drilling was used to drill a 3.5 inch diameter hole to bit refu sal (usually saprock to fresh rock). Page 19 of 23 CRITERIA JORC CODE EXPLANATION COMMENTARY Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Visual estimate of A C drill chip recovery recorded in database. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • AC chip recoveries monitored in the field and documented. Minimal water used and wet drilling avoided as much as possible . • Whether a relationship exists between sample recovery and grade and wheth er sample bias may have occurred due to preferential loss/gain of fine/coarse material. • As sample recoveries are generally very high, there is no known relationship between sample recovery and grade. 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. • Holes logged to a level of detail to support mineral resource estimation: lithology; alteration; miner alization; geotechnical; structural. • Qualitative: lithology, alteration, foliation. • All holes chipped for the entire hole to preserve a chip tray record of all holes drilled . • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • Qualitative: lithology, alteration, foliation. • Quantitative: vein percentage; mineralization (sulphide) percentage; RQD measurement; structural orientation angles; assayed for gold and multielement geochemistry elements listed below (ME - MS61) ; no density measurements taken • C hip samples taken from every metre of every hole to maintain chiptray record. • • The total length and percentage of the relevant intersections logged. • All holes logged for entire length of hole. Sub - sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • Not core • If non - core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • AC sample were spear sampled in 4 m composite intervals. 1 m bottom of hole samples speared. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • The entire ~3kg A C sample is pulverized to 75µm (85% passing) • Gold analysis is determined by either 5 0g charge fire assay with an AAS finish ( ALS 2021 ). • Quality control procedures adopted for all sub - sampling stages to maximise representivity of samples. • No QC samples were included int his early - stage of sampling. Page 20 of 23 CRITERIA JORC CODE EXPLANATION COMMENTARY • 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. • No QC samples were included in this early - stage of sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. • Sample size appropriate for grain size of samples material. 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. • Fire assay, total technique, appropriate for gold • 4 - acid digest near complete digest with ICP - MS finish appropriate for whole rock geochemistry. • 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. • No geophysical data reported here. • 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. • No QC samples were included in this early - stage of sampli ng. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • All sampling is routinely inspected by senior geological staff (and in this conducted by the EM) . • No umpire samples have been submitted at this early stage of exploration. • The use of twinned holes. • No twin holes yet drilled for QC purposes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Data stored in Datashed database on consultant’s server, logging performed on auto - validating excel spreadsheets and synchronised to Datashed database, data validated by database administrator , import validate protocols in place. Visual validation in Leapfrog by company geologists. • Discuss any adjustment to assay data. No adjustments made to assay data. 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. • Collars: surveyed with Garmin 652 GPSMAP accurate to +/ - 3m . • • Specification of the grid system used. • MGA94 - Zone 5 1 • Quality and adequacy of topographic control. • Loose topographic control from geophysical data. Appropriate for this early stage exploration. Data spacing and distribution • Data spacing for reporting of Exploration Results. • Drill hole spacing varies from 20 m spaced holes along lines to 200 m spaced holes. Spacing appropriate for first pass reconnaissance drilling. Page 21 of 23 CRITERIA JORC CODE EXPLANATION COMMENTARY • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate f or the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • The current drill spacing is not appropriate for use in resource estimation. • Whether sample compositing has been applied. • 4 m composite assays reported. No further compositing 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, considerin g the deposit type. • Drill holes oriented at right angles to strike of deposit, dip optimized for drillability and dip of orebody, sampling believed to be unbiased. • 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 Applicable Sample security • The measures taken to ensure sample security. • Samples were delivered from the company camp directly to the laboratory using a freight company in sealed bulka bags. Audits or reviews • The results of any audits or reviews of sampling techniques and data. • No external QC reviews have been conducted on the project so far. Section 2 Reporting of Exploration Results (Criteria listed 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 a nd 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 Circle Valley Project comprises a single granted Exploration Licence (EL), namely E63/20 07 covering a land area of 167km2. Latitude Consolidated Holdings Pty Ltd is the current holder, having a 100% interest in the EL. • The EL predominantly overlies freehold agricultural land used for crop and livestock farming. The eastern portion of the EL o verlies vacant Crown land. • Prior to conducting ground disturbing exploration on private land, a land access agreement must be signed between Latitude and the relevant landowner. • Freehold land has extinguished native title. Native title exists over the va cant Crown land and heritage surveys may be required prior to ground disturbance activities. • The tenement is in good standing. Land Access Agreements have been signed with a number of land holders with more pending finalisation. Page 22 of 23 CRITERIA JORC CODE EXPLANATION COMMENTARY Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. • The Project has had limited exploration work completed over it. Exploration by previous operators included Pan Australian Exploration Pty Ltd, Toro Energy Limited and Spitfire Oil Limited, who focussed on uranium and lignite mineralisation within palaeochannels. • Reconnaissance aircore (AC) drilling programs targeting the underlying greenstone belts for gold mineralisation has been completed by AngloGold Ashanti Australia Limited an d Terrain Minerals Ltd. • The historical data has been assessed and is of good quality. Geology • Deposit type, geological setting and style of mineralisation. • The Circle Valley Project lies within the Central Biranup Zone of the Proterozoic Albany Fraser Province. Lithologies of the Biranup Zone comprise paragneiss, or orthogneiss and meta - basic rocks. It is interpreted that there is a subordinate portion of rew orked Archaean rocks within the package. Magnetics of the Project area displays strong deformation with complex folding, faulting and thrusting. • The target type is Tropicana style gold mineralisation hosted in high grade metamorphic rocks of the Albany Fra ser Mobile Belt. 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: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length. • If the exclusion of this information is justified on the basis that the informat ion 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 drill data material to this announcement are included in the announcement. No data has been excluded. 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. • No top - cuts have been applied when reporting results. • First assay from the interval i n question is reported. • Aggregate sample assays are calculated using a length - weighted. Page 23 of 23 CRITERIA JORC CODE EXPLANATION COMMENTARY • 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 sta ted 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. • Significant intervals are based on the logged geological interval, with all internal dilution included at 0.1 g/t Au cut - off . • No metal equivalent values are used for reporting exploration results. Relationship between mineralisa - tion 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’). • Drill holes are oriented to drill perpendicular to the southerly dipping regional foliation mapped in outcrop exposed on the edges of various salt lakes in the area. • To the Company’s knowledge the drilling is oriented perpendicular to mineralisation altho ugh limited orientation data has been collected. 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. • Drilling is presented in long - section and cross section as appropriate 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 drillhole results have been reported including those drill holes where no significant intersec tion was recorded. 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 meaningful and material data is reported. 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 are as, provided this information is not commercially sensitive. • Follow up reconnaissance air core drilling, deeper down - dip RC drilling and diamond drilling to better understand controls on mineralisation and lithology is planned.

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