Ann: TYX: Gold Resource Increase at Jumbuck, page-2

GOLD RESOURCES INCREASE BY 100,000 OZ TO
319,000 OZ AT JUMBUCK
Tyranna Resources Limited (“Tyranna”) (ASX: TYX), as manager of the Western Gawler Craton Joint Venture
which includes WPG Resources Ltd (ASX: WPG) and Coombedown Resources Pty Ltd is pleased to announce
a Mineral Resource update for the Jumbuck Gold Project reported in accordance with JORC Code 2012.
Highlights:
 The Jumbuck Gold Project Mineral Resource Estimate, reported in accordance
with JORC Code 2012, totals 319,000 ounces, an increase of 100,000oz or 46%
from the previous estimate (ASX: 24 January 2017).
 All deposits are interpreted to be open at depth and have excellent potential for
resource increases with future drilling.
 The deeper underground continuity of the mineralisation is yet to be tested.
 All deposits located within trucking distance of the Challenger gold mine operated
by joint venture partner WPG Resources Ltd.
 All reported resources are within 100m from surface and therefore potentially
exploitable by open cut mining.
Tyranna Resources Managing Director, Bruno Seneque commented, “This 100,000 oz increase is a very
pleasing result for the WGCJV. It illustrates a significant step forward in building resources at Jumbuck. This
new resource strengthens our understanding of the deposits and it is to be noted that these are shallow
ounces, sitting only 100 metres from surface. We will now start to plan first pass scoping studies to evaluate
the potential to advance toward feasibility studies. Of course this will entail discussions with our joint
venture partner – WPG Resources, who operate the Challenger Gold Operations and have been supportive
of Tyranna’s exploration efforts.