25 Nov

El Palmar - more outstanding drill intersections

25 NOVEM BER 20 2 1 El Palmar gold - copper discovery, northern Ecuador Third hole delivers more outstanding wide intersections exceeding 1g /t gold equivalent 1 Mineralisation now intersected over 3 00m long zone and from surface Key Points • Assays from hole EPDD00 3 include : ? 1 05.09 m at 0.7 5 g/t gold and 0.2 0 % copper ( 1.07 g/t gold equivalent 1 ) from 32 m ? Within 259.56 m at 0.41g/t gold and 0.1 4 % copper ( 0.63 g/t gold equivalent 1 ) from 1 0.4 m • Assays now show s ignificant grades and widths of gold and copper porphyry mineralisation in five holes (EPDD001 - EPDD003 , and historic holes CED01 and 02 ) across a 300m long zone , which remains open , on the south side of the El Palmar magnetic complex • Drill holes EPDD004, 005, and 006 have been completed (assays pending) , and hole EPDD007 is underway. All holes are mineralised from shallow depths • The latest assays provide more firm evidence that El Palmar is a substantial gold - copper porphyry discovery • R esults support Sunstone’s view th at only the upper portion of a porphyry system has been drilled so far, and this likely extends to considerable depth, and a second drill rig is mobilising to site to test the depth extent • The scale of the opportunity at El Palmar is increasing with s oil s ampling completed , and results pending, over two satellite targets within a 1k m radius of the discovery holes • At the high - grade Alba gold target on the Bramaderos Project in southern Ecuador, drilling of the second hole is set to s tart this weekend • Sunstone is well funded with ~A$19mill in cash and equities to implement this exciting exploration program across 2 projects Sunstone Metals Ltd (ASX: STM) is pleased to a nnou nce more outstanding assays which confirm that the El Palmar deposit in northern Ecuador (Figure 4) is a significant gold - copper porphyry discovery . 1 - AuEq is calculated on a gold and copper basis only , using metals prices at 22 nd November 2021, being US$1 ,805 /oz gold, US$4. 41 /lb copper using the formula: (gold grade in g/t) + 1.6 8 * (Cu grade in %). No metallurgical recoveries have been applied to exploration results. Sunstone is acquiring a 100% interest in the El Palmar Project and currently holds 51% under the Staged Acquisition Agreement signed on 12 August 2020 (see ASX announcement dated 12 August 2020 ) . The project is located in northern Ecuador in the vicinity of the 1.0Bt Llurimagua copper - molybdenum porphyry deposit, and in the same regional structural belt that hosts the 2.6Bt Alpala copper - gold deposit within the Cascabel project (Figures 1 & 2) . The El Palmar results reported in this release comprise all assays from drill hole EPDD00 3 and the previously unreported assays from port ions of EPDD002. Drill hole s EPDD004 , 5 and 6 have now been complet ed (assays pending) , and hole EPDD007 is in progress (Table 2) . All holes are mineralised from shallow depths . Drill Hole From (m) To (m) Interval (m) Au (g/t) Cu (%) Mo (ppm) Ag (g/t) AuEq (g/t) 1 EPDD001 11.30 492.15 480.85 0.41 0.15 3.40 0.74 0.66 incl 52.35 215.90 163.55 0.71 0.20 1.39 1.14 1.05 incl 66.90 96.80 29.90 0.73 0.20 0.70 1.06 1.07 incl 147.25 163.30 16.05 0.80 0.20 1.36 2.69 1.14 EPDD002 4.7 34 29.30 0.18 0.06 1.3 0.57 0.28 250.00 463.75 213.75 0.48 0.22 3.84 1.58 0.83 incl 250.00 417.50 167.50 0.58 0.26 3.54 1.81 1.00 incl 252.00 274.00 22.00 1.06 0.33 3.87 1.49 1.59 and 388.75 398.00 9.25 1.22 0.19 4.38 6.92 1.54 EPDD003 10.44 270.00 259.56 0.41 0.14 1.77 0.80 0.63 incl 31.91 137.00 105.09 0.75 0.20 1.14 0.89 1.07 incl 46.10 106.10 60.00 0.89 0.21 0.97 0.91 1.23 Table 1: Mineralised intervals in holes EPDD001 (previously reported), EPDD00 2 , and EPDD00 3 Sunstone MD Malcolm Norris said it was clear the Company had made a major discovery at El Palmar. “ These results are very good and continue to support our v iew that El Palmar is a substantial discovery ,” Mr Norris said. “This is a big system and has huge potential. It is early days, but importantly every hole has been mineralised. “ We are increas ing our understanding of the geology and the controls on mineralisation, and w e are continuing to deliver good grades and widths with mineralisation that starts from surface . “We are now drilling hole seven. In early December , we plan to have a se cond drilling rig on the project that will drill the deep magnetic targets. “ We are seeing some evidence that the first seven holes are defining the upper parts of a large porphyry system with multiple mineralising intrusions emplaced into wallrocks . Giv en this, we are increasingly excited about the deep targets and the potential for the mineralisation to have a vertical extent of more than 1km. ” Mr Norris said surface soil sampling results from two o f the highest - priority satellite porphyry targets were expected before the end of this year. These results could further grow the potential of the project. Sunstone is also preparing to drill the high - grade Alba gold target at Bramaderos in southern Ecuador, with a five - hole, 2,000m program start ing this weekend . El Palmar Technical Discussion Geological logging of holes EPDD001 to 00 6 has identified a n extensive porphyry system with multiple phases of intrusive rocks, and local areas of epithermal overprint. At least t hree porphyry mineralising episodes hosted by high - level dioritic intrusives have been identified , with mineralisation extending into the wallrock intrusions (Figure s 1 & 2) . Assays now show significant grades and widths of gold and copper porphyry mineralisa tion in five holes (EPDD001 - EPDD003, and historic holes CED01 and 02) across a 300m long zone, which remains open, on the south side of the El Palmar magnetic complex . This is a substantial area of consistent mineralisation in the southern portion of the b roader magnetic anomaly (Figures 1 & 2) . Drill holes EPDD004 and 005 have partially tested the northern portion of the anomaly. With each drill hole the mineralisation area is being expanded. The degree of veining is variable and includes multiple phases of quartz and quartz - sulphide veins, and multiple phases of copper - sulphide bearing magnetite veins. Chalcopyrite continues to be the dominant copper sulphide, with some associated bornite, and minor hypogene covellite and chalcocite. The El Palmar auger s oil sampling program has resume d a nd is cover ing several additional targets to the southeast , north east , and northwest of the main El Palmar target to bring these to the drill testing stage (Figure 1 ) . Some infill sampling has also been undertaken over the main target area. The 2 closest satellite targets, to the immediate southeast and northeast have been soil sampled and results are expected in December. The southeast area has had some historical rock chip sampling and 25 samples over a strike length of 60m , on the margin of a coincident bullseye magnetic anomaly, returned an average of 0 . 33 g/t gold and 0.12 % copper. Sunstone’s cash and equity investments remain strong at ~$ 19 m, allowing expanded exp loration activities at both El Palmar and Bramaderos . Figure 1 : RTP magnetics image showing the circular magnetic anom a ly being targ eted with drilling by Sunstone . Holes EPDD001, EPDD002, EPDD003, EPDD004, EPDD005 and EPDD006 have been completed, and hole EPDD007 is in progress. Prepared drill collars to allow for future drilling are shown as yellow stars. Also shown are three historical drill holes (CED01 - 03, drille d by Codelco), which drilled away from the Sunstone defined target area (see ASX announcement dated 12 th August 2020 for details of historical drilling results). Figure 2 : A composite c ross section through EPDD001 , 002, 003 and 006 at El Palmar , and showing the location of historical holes CED01, 02, 03 . This section depicts the southeast side only of the larger El Palmar target area. Figure 3 : Location of the El Palmar project relative to the giant Llurimagua and Alpala (Ca scabel) porphyry deposits, and the Toachi fault system. Drill Hole ID Easting (m) Northing (m) Dip (degrees) Azimuth (UTM/Mag) (PSAD56 Grid) (degrees) EOH (m) EPDD001 746,737 10,030,181 - 70 348/352 708.5 0 EPDD002 746,737 10,030,181 - 60 018/022 595.05 EPDD003 746,737 10,030,181 - 70 290/294 605.3 0 EPDD004 746,650 10,030,749 - 55 175/179 796.33 EPDD005 746,550 10,030,410 - 50 338/342 328.49 EPDD006 746,786 10,030,417 - 75 190/194 759 .00 EPDD007 746,786 10,030,417 - 80 170/ 174 In progress Table 2 : Drill hole details for the El Palmar Project. Figure 4 : Location of the El Palmar project in northern Ecuador , and the Bramaderos Project in southern Ecuador. For further information, please visit www. sunstonemetals .com.au Mr Malcolm Norris Managing Director Sunstone Metals Ltd Tel: 07 3368 9888 Email: mnorris@sunstonemetals.com.au Media: Paul Armstrong Read Corporate +61 8 9388 1474 About Sunstone Metals Sunstone has an advanced portfolio of exploration and development projects in Ecuador and Scandinavia. The portfolio comprises: 1. The Bramaderos Gold - Copper Project where Sunstone owns an 87.5% interest with TSXV listed Cornerstone Capital Resources holding 12.5% (see ASX announcement dated 10 th April 2017 , 28 th August 2019, and 7 January 2020 ). The Bramaderos gold - copper project is located in Loja province, southern Ecuador, and is highly prospective for the discovery of large porphyry gold - copper systems , a nd high - grade epithermal gold systems . Historical exploration results from drilling at Bramaderos together with recent exploration by Sunstone and joint venture partner Cornerstone Capital Resources (TSXV:CGP) indicate multiple fertile mineralised systems with significant discovery potential. 2. The El Palmar Copper - Gold Project where Sunstone holds 51% of t he highly prospective 800ha El Palmar gold - copper porphyry project in Ecuador and can acquire 100% through a Staged Acquisition Agreement. The El Palmar gold - copper project is located in Imbabura province, nor thern Ecuador, within the same geological belt that includes the giant Alpala and Llurimagua porphyry copper - gold and copper - molybdenum deposits . 3. Sunstone has a large equity interest in Stockholm listed Copperstone Resources (COPP - B.ST) following the sale of the Viscaria Copper project to Copperstone in 2019. 4. The Finland Lithium Project includes the Kietyönmäki lithium p rospect. Drilling by Sunstone has delivered 24.2m at 1.4% Li2O in a spodumene - bearing pegmatite. The project is a JV with Nortec Minerals. As announced on 5 May 2021, a Letter of Intent has been signed to sell the Finland Lithium Project. Competent Person s Statement The information in this report that relates to exploration results is based upon information reviewed by Dr Bruce Rohrlach who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Rohrlach is a full - time employee of Sunstone Metals Ltd and has sufficient experience which is 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 in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Rohrlach consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr Malcolm Norris, Managing Director of Sunstone Metals Ltd. , has authorised this announcement to be lodged with the ASX. TABLE 1 – Section 1: Sampling Techniques and Data 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 downhole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. • The historical results announced here are from rock chip samples and drill core from El Palmar. The drill core sampling was carried out using half core, generally at 1.5 to 2m intervals . • New results are based on visual observatio n of drill core. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Historical rock samples were taken randomly with focus on those exhibiting alteration and mineralisation. Trench samples from within a hand dug trench and hand cut channel samples were continuously sampled for representivity. • Core recovery was good, and core aligned prior to splitting . • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed info rmation. • Diamond drilling, rock chip and channel sampling points have been guided by geological mapping. T he rock chip and drill samples from El Palmar were dried, crushed to 70% passing 2mm, Split 1000g and pulverised to 85% passing 75microns. A 20g portion of this sample was used for multi - element analysis (IMS - 230) and a 30g sample for Fire Assay Au (FAS - 111) . Drilling techniques • Drill type (eg core, reverse circulation, open - hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face - sampling bit or other type, whether core is oriented and if so, by what method , etc). • The El Palmar target areas were drilled by historical exploration. Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Diamond core recovery data for th e El Palmar historical drilling was good from visual review of drill core. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Historical core recovery at El Palmar was good. • 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. • No relationship between sample recovery and grade has been established. 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. • Drill samples, trench samples and rock chips were logged for lithology, weathering, structure, mineralogy, mineralisation, colour, and other features. Recent l ogging and sampling for the El Palmar project were carried out according t o Sunstone ’s internal protocols and QAQC procedures which comply with industry standards . • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. • Drill samples are logged for lithology, weathering, structure, mineralogy, mineralisation, colour, and other features. • The total length and percentage of the relevant intersections logged. • The historical drill holes have been re - logged in full . Sub - sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • Half core was used to provide the samples that were submitted for assay from the upper zones of the El Palmar historical drilling. • If non - core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. • Standard rock chip samples and channel samples . Samples were dried in the laboratory. Criteria JORC Code explanation Commentary • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Historical drill core samples from El Palmar (drilled by Codelco) were analysed by ACME Labs in Vancouver. Samples were crushed and split with 250 grams pulverized to 200 mesh (Method - R200 - 250). A nalysis on drill core was undertaken on a sample split (Method - VAN split pulp). • Surface rocks at El Palmar are historical and were collected by 3 different companies. GOEX S.A. samples were analysed at Bureau Veritas Laboratories in Peru. Lowell Mine ral Exploration rocks were analysed by ALS Minerals, with sample preparation involving fine crus h ing 70% passing 2mm (Method CRU - 31), crushed sample split (Method SPL - 21) and pulverise 1000g to 85% passing 75um (Method PUL - 32). Codelco surface rock samples were analysed by ACME Labs in Vancouver. Samples were crushed and split with 250 grams pulverized to 200 mesh (Method - R200 - 250) • The sample preparation is carried out according to industry standard practices using highly appropriate sample preparation techniques. • Quality control procedures adopted for all sub - sampling stages to maximise representivity of samples. • Sunstone used an industry standard QAQC programme involving Certified Reference Materials “standards” and blank samples, which w ere introduced in the assay batches. • Standards (Certified Reference Materials) or analytical blanks were submitted at a rate of 1 in 28 samples. Field duplicates were also taken at a rate of approximately 1 in 28 samples. • The check or duplicate assay results are reported along with the sample assay values in the final analysis report. • 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. • For diamond core, the routine sample procedure is to always take the half/quarter core to the right of the orientation line (looking down hole) or the cut line (in cases where the orientation line was not reliable). • Once assay results are received the results from duplicate samples are compared with the corresponding routine sample to ascertain whether the sampling is representative. • Whether sample siz es are appropriate to the grain size of the material being sampled. • Sample sizes are considered to be appropriate for the style of sampling undertaken and the grainsize of the material, and correctly represent the style and type of mineralisation at the exploration stage. 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. • Sunstone uses a fire assay gold technique for Au assays (FAS - 111) and a four acid multi element technique (IMS - 230) for a suite of 48 elements. FAS - 111 involves Au by Fire Assay on a 30 - gram aliquot, fusion and atomic absorption spectroscopy (AAS) at trace levels. IMS - 20 is considered a near total 4 acid technique using a 20g aliquot followed by multi - element analysis by ICP - AES/MS at ultra - trace levels. • This analysis technique is considered suitable for this style of mineralisation. • 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, • A handheld “Niton” XRF instrument is used on site for verification of anomalous metal values and to assi s t with the geological logging and mineral identification . No specific data from this instrument Criteria JORC Code explanation Commentary etc. are referenced in this announcement. • Nature of qualit y 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. • Standards, blanks and duplicates are inserted ~1/28 samples. Th e values of the standards range from low to high grade and are considered appropriate to monitor performance of values near cut - off and near the mean grade of the deposit. • The check sampling results are monitored, and performance issues are communicated to the laboratory if necessary. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • Procedure checks have been completed by the Competent Person for exploratio n results for this announcement . • The use of twinned holes. • Twin holes have not been drilled in th ese area s . • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Sunstone sampling data were imported and validated using Excel. • Discuss any adjustment to assay data. • Assay data were not adjusted . Core loss intervals are assigned assay values of zero where present. 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. • S ample co - ordinates are located by GPS and for trench samples measured along the length of the trench . • Specification of the grid system used. • Ecuador projection parameters: Parameter Value Reference Ellipsoid International 1924 Semi Major Axis Inverse Flattening (1/f) Type of Projection UTM Zone - 17S (Datum PSAD56) Central Meridian: - 81.0000 Latitude of Origin 0.0000 Scale on Central Meridian 0.9996 False Northing 10000000 False Easting 500000 • Quality and adequacy of topographic control. • The topographic control was compared against published maps and satellite imagery and found to be good quality. Data spacing and distribution • Data spacing for reporting of Exploration Results. • The drill core samples reported were collected from three historical diamond drill holes from the El Palmar targets, and with sample length generally ranging between 0.3 - 2m. • 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. • The data from these samples does not contribute to any resource estimate nor implies any grade continuity. • Whether sample compositing has been applied. • No sample compositing was done. Orientation of data in relation • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • Drilling orientations were appropriate for th e interpreted geology providing representative samples. • Trench orientations and rock chip locations were appropriate for the interpreted geology providing Criteria JORC Code explanation Commentary to geological structure representative samples. • 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 is expected at this stage . Sample security • The measures taken to ensure sample security. • Sunstone sampling procedures indicate individual samples were given due attention. • Sample security was managed through sealed individual samples and sealed bags of multiple samples for secure delivery to the laboratory by permanent staff of the j oint venture. • MS Analytical is an internationally accredited laboratory that has all its internal procedures heavily scrutinised in order to maintain their accreditation. MS Analytical is accredited to ISO/IEC 17025 2005 Accredited Methods. Audits or reviews • The results of any audits or reviews of sampling techniques and data. • Sunstone ’s sampling techniques and data have been audited multiple times by independent mining consultants during various project assessments. These audits have concluded that th e sampling techniques and data management are to industry standards. • All historical data has been validated to the best degree possible and migrated into a database. TABLE 1 – Section 2: 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 El Palmar property is located in Imbabura province and is held by an Ecuadorian registered company ‘Goex’. Due diligence to date show that t here are no wilderness areas or nation al parks or areas of environmental significance within or adjoining the concession area. There are no native title interests. • Sunstone and Goex have entered into a Staged Acquisition Agreement where Sunstone may earn up to 100% based on defined milestones. • 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 El Palmar exploration conce ssio n was granted in 2003 and is held 100% by Goex. • Sunstone owns 51% of GOEX Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. • The historic exploration at El Palmar was completed by various groups over the period 1990’s, 2007 - 2008, 2011 - 2012 and GOEX (2012 to 2020). Most of the readily available historic data has been acquired and compiled into databases and a GIS project. Exploration by other parties has included stream sediment surveys, geological mapping, rock chip sampling, some local soil sampling, channel sampling and limited diamo nd drilling (3 holes). Criteria JORC Code explanation Commentary Geology • Deposit type, geological setting and style of mineralisation. • The deposit style being explored for includes intrusion - related and stockwork hosted porphyry Au - Cu systems plus epithermal gold - silver - polymetallic veins. The setting at El Palmar is a volcanic arc setting of Miocene age intrusions. 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: a. easting and northing of the drill hole collar b. elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar c. dip and azimuth of the hole d. down hole length and interception depth e. hole length. • Details of the samples discussed in this announcement are in the body of the text. • See Figure s 1 & 2 for the location of historical drilling at El Palmar. • 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. • Information included in announcement. Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut - off grades are usually Material and should be stated. • Weighted averages were calculated over reported intervals according to sample length. • No grade cut - offs were applied. • 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. • No aggregating of intervals undertaken at this stage . • The assumptions used for any reporting of metal equivalent values should be clearly stated. • Metal equivalents are not presented . Relationship between mineralisation widths and intercept lengths • If the geometry of the mineralisation with respect to the drill - hole angle is known, its nature should be reported. • The geometry of the mineralisation relative to the drill holes is not completely known at this stage of exploration. . • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’). • True widths of mineralised lodes are not known at this stage. 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. • See Figure s 1 & 2 for maps showing distribution of samples. 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. • Figure s 1 & 2 above show s the current interpretations of geology. 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. • Figure 1 & 2 above show s various datasets that are being used to identify target areas and to guide current and future drilling . Criteria JORC Code explanation Commentary Further work • The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large - scale step - out drilling). • The planned exploration program is outlined in the announcement. • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. • See Figure s 1 & 2 which show areas for further exploration.
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