Ann: Further High-Grade Mineralisation at Cloncurry, page-11

The next hole (in approx. 3 weeks time) should tell us more about Plate 2.

Modelling of this response indicates hole EL14D10
passed over and within 10 metres of a stronger
conductor, believed to represent an up-dip continuation
of the polymetallic mineralised zone encountered
previously in hole EL14D09.

The DHEM data and modelling indicates that Plate 2
has a conductivity-thickness product twice that of
Plate 1. This is consistent with observed mineralogical
and geochemical differences between sulphide
mineralisation in the two drillholes. In summary:

• Plate 1 is conductive, contains a greater proportion
of calcite than sulphide minerals, has modest Cu
and Au but is enriched in Zn, Pb and Ag.

• Plate 2 is an exceedingly strong conductor,
characterised by massive sulphides, particularly
enriched in Cu, Au, Zn, Pb and Ag.