Ann: Outstanding Wide Zones of Shallow Gold, page-33

Just having a bit of a browse over a few of my holdings trying to work out what I would regard as fair valuations

company 1.
Total Mineral Resource increased to

3 Moz Au.

• very high-grade material increases
following seven months of intensive infill and extensional diamond

drilling for around 35,000 metres.
*Looking to begin mining next year..

MC- $65m

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Company 2.
results from drilling to date-

52m @ 1.40 g/t Au from 65m

19m @ 2.93 g/t Au from 65m

56m at 1.97 g/t Au from 44m

40m at 3.01 g/t Au from 24m

36m at 1.51 g/t Au from 32m

26m at 2.02 g/t Au from 126m

9m at 4.17 g/t Au from 18m

44m at 2.77 g/t Au from 149m

83m at 0.64 g/t Au from 112m

19m at 1.28 g/t Au from 84m +
#company currently in off take agreements/joint ventures with international vendors on 1 billion+ ton iron ore project.
MC- $15m
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Company 3.
Highlights

• Exceptional gold intersections from maiden drilling program at

***********-Gold Project confirm new high-grade discovery

• Results include;

o 5m @ 50.2g/t Au from 42m in hole SGRC39 including

o 3m @ 83g/t Au from 42m and

o 1m @ 224 g/t Au from 44m

o 4m @ 4.26g/t Au from 105m

+ lithium project

• Drilling has delivered exciting initial results;

o Pegmatites intersected in all 8 holes drilled to date, including

o Near-surface 25m thick, vertical body of solid pegmatite

o 500m strike length confirmed - remains open in both directions

o Spodumene visually identified in drill cuttings - most samples are

Lepidolite-Spodumene-Petalite

MC- $15m
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And now MHC...

there is definitely some good value out there at the moment.. if the share price continues to fall this will be another great value stock.