Ann: Exploration Update - East Laverton Gold Drilling-SGQ.AX, page-180

Just doing a quick calc on gold equivalent for the following intersection reported so please correct me if I've made any mistakes.

"Drill hole MAD15, in particular, intersected 9.5m of sulphide mineralisation that included an exceptional interval of massive nickel‐copper sulphides of:

1.17m at 8.75 per cent nickel, 3.37 per cent copper, 0.24 per cent cobalt and 6.16g/t total PGEs from 30.17m."

Nickel price $9730 usd tonne
9730 / 0.75 = $12973 aud tonne
$12973 × 8.75% = $1135 aud tonne

Copper price $4709 usd tonne
4709 / 0.75 = $6278 aud tonne
$6278 × 3.37% = $211 tonne

Cobalt price $24900 usd tonne
24900 / 0.75 = $33200 aud tonne
$33200 × 0.24% = $80 tonne

PGE price $1710 usd ounce (split 50/50 platinum $1095 paladium $616)
1710 / 0.75 = $2280 aud ounce
$2280 ÷ 31.1 grams per ounce = $73 gram
$73 × 6.16 grams =$450 tonne

1135 + 211 + 80 + 450 = $1876 tonne

1876 / $58.5 gram au = 32.06 grams per tonne

32.06 / 31.1 grams per ounce = 1.03 oz/tonne

Ounce dirt!!!!!

All we need are some thicker intersections now.

Thoughts?

Cheers