Ann: Quarterly Activities Report, page-64

I was reading the quarterly more closer and noted the following:

Page 8 - paragraph about breccia

“The breccia shows apparent sulphide zonation with the upper intercepts more pyrite rich, zoning towards the centre to more chalcopyrite rich with increasing Au-Cu grades. The breccia has now been intersected by drill holes KSDD007, KSDD011, KSDD012, KSDD028, KSDD031 and KSRC033D and at this early stage indicates that the breccia is approximately 50m in true width, thickening up plunge. The breccia is open along strike to the northwest, and down dip. Diamond core drilling tested down plunge(awaiting results) and RC drilling commenced in June 2021 to test its shallow expression up plunge.”

As they are clearly just referring to the breccia in the last sentence (and whole paragraph) then it seems they have already drilled more DD holes into the breccia and we will get results in next announcement. However we may not see any RC results in the next announcement and if we do it may be only for 1-2 holes as they only started the RC rig in June (early?).

It is also clear from the above paragraph both the diamond and RC rigs are focused on the breccia at Boda

Page 9 - last sentence re Boda 2

“Boda Two Prospect
The drilling at Boda Two has identified a broad zone of low-grade gold-copper porphyry mineralisation with a gold enriched pyrite zone of mineralisation positioned on its eastern margin. Further drilling is planned to continue to define the extensions to the mineralisation and to identify high-grade zones focused within breccias and intrusions.”

They are drilling for high grade zones as well at Boda 2 (a previous announcement suggested the Boda 2 potential high grade zones are deeper than at Boda).

Nothing stated about upcoming drilling at Kaiser or Boda 3 so I assume they are currently focused on Boda 2 first (ie 1 DD at Boda and 1 at Boda 2).

I expect RC rig to start in the gap between Boda and Kaiser or possibly go to Boda 3 after they finished drilling for the Breccia at Boda. It is not clear when they will next send the diamond rig to Kaiser or Boda 3.

It is unclear what they drilling they are planning at Murga (ie Finns crossing).