Ann: Exceptional High-Grade Gold Continues at RPM North, page-24

I've summarised all the RPM intercepts to date in this table (at least I think I have them all) and calculated gram metres for each intercept. This is just intercept length multiplied by grade.

If my calculations are correct for all results, average intercept length is 183m and average gram metres is 437m. This implies an average intercept grade of 2.4 g/t. These averages are for all 8 holes released (including results for the 2 holes released today).

We will see these averages vary as more drilling data is released.

I also calculated averages just for the 2019 and 2021 results. Average intercept length is 192m and average gram metres is 347m. This implies an average intercept grade of 1.8 g/t for the 6 results released in 2019 and 2021.

IMO the average grades and average intercept lengths above give us a benchmark for other intercepts as they come in.

I suspect average intercept grade might settle somewhere between 1.8 g/t and 2.4 g/t but we will need more results to confirm. The average grades above appear to correlate with the grade for the current inferred resource (see Table 2 copied from the announcement below).