Ann: IOCG-Style Alteration and Mineralisation in Gov Drilling, page-8

I think the company has summed it up well.

There are 3 significant intervals of mineralisation (last one open at 416m and that is where the bornite is starting to get very interesting).

244.29m – 251.95m: Down-hole interval of 7.66m with varying pyrite-chalcopyrite-pyrrhotite-arsenopyrite
content occurring as disseminations and vein selvages that includes a 2.3m interval of 20% pyrite + 8%
chalcopyrite + 2% pyrrhotite (by volume) from 249.65m depth (see core photo in Figure 1 and selected core tray
photos in Figure 2).

Pyrrhotite is showing the potential of the magnetic trends on the AMAGRAD that was published last week. (There will likely be more on East and Fable as well.



The arsenopyrite is 'potentially' showing associated gold but we need to wait 3 weeks approx for assays.

The next intersection, "• 329.34 – 363.40m: Down-hole interval of 34.06m with increased pyrite-pyrrhotite as vein selvages to pervasive
in nature, with spotty occurrences of chalcopyrite and bornite as vein selvages and disseminations (see selected
core tray photos in Figure 3)" is pointing to more hints of copper. ( Keep in mind this could be the edge of a deposit and the Mt Lamb target could easily be a kilometre either side of NDIBK04).

Then perhaps the most exciting section, " • 411.80 – 416.30m (EOH): Down-hole interval of 4.39m (open ended) with quartz veining with increased
pyrrhotite-chalcopyrite-bornite that includes the final 2.18m of the hole logged with 4% chalcopyrite, estimated
by volume (see selected core tray photos in Figure 4). " It is open to further depth extensions, this is a similar depth profile to Olympic Dam and the bornite is increasing significantly. All good clues that they are getting closer to a 'hot zone'. Don't forget it was only weather that stopped them drilling here.