Ann: Exploration Update on Gibraltar and Nevada, page-5

HIGHLIGHTS:
Gibraltar Halloysite-Kaolin Project, South Australia
 All samples have now been collected and submitted for detailed test work in South
Australia; processing of samples is progressing well, with results anticipated in January
2021.
 Submission of new work approvals for drill testing of northern extensions, along with wide
spaced regional drill traverses are to be submitted in December 2020; with infill and
extensional drilling proposed for the first quarter 2021.
Lambarson Canyon, Nevada
 All gold assay results from diamond drilling have been received; base metal and spectral
analysis results anticipated in January 2021.
 Anomalous gold results in LCD-02 associated with altered pyritic and quartz-veined
porphyry lithologies.
 Compilation and interpretation of base metal data, litho-geochemical interpretation,
detailed alteration and mineral system mapping and reprocessing the existing IP data to
be undertaken in January 2021
 Next on-ground exploration to include additional geophysical data capture, systematic
surface geochemical sampling and analysis, detailed fact mapping, prior to the planning of
the next phase of drill testing.
Douglas Canyon, Nevada
 A total of 560m are planned to test outcropping high-grade gold/silver quartz veins
 Additional work may include detailed mapping, geophysical surveys, surface geochemical
sampling