Ann: NSW Exploration Update, page-13

The interpreted faulted offset position of the ore body at the Lucknow Project, New South Wales is identical in theory to that employed and successfully drill tested by Bellevue Gold Limited at their Bellevue Gold Project in Western Australia.

The initial two diamond drill holes planned to test the interpreted faulted offset position below historic mine workings should be the most anticipated drilling program and NSW DPIE approval of this drilling program can't come quick enough. The holes will provide an excellent framework for future drilling at the project, allowing important structural information to be measured for further delineation of any mineralisation intersected.

Figure 10 also indicates that there is a mineralised gold lode at the porphyritic andesite - ultramafic contact below the interpreted faulted offset position already. I'm not sure if this is accurate given that the December 2019 Quarterly Activities Report stated "there is no previous drilling targeting this interpreted fault offset position". If this gold lode has been intersected previously, it would prove that the controls on mineralisation are the same at depth, and provide significant upside to the project.