Ann: Exploration Update - Barrambie Gold Assays, page-2

Overall Assessment: Is It a Good Report?

Strengths:

• Solid initial assay results with a mix of broad low-grade and narrow high-grade intercepts.
• Large tenure with a prospective greenstone belt and historic high-grade production.
• Transparent, technically rigorous reporting with clear next steps.
• Strategic location and dual-commodity potential enhance value.

Weaknesses:

• Grades and widths are moderate, not yet world-class, and require more consistency.
• Current mineralization extent (300m x 125m) is promising but small relative to top-tier prospects.
• Exploration Target (335k-775k oz) is modest and unproven, with no resource yet defined.

Conclusion:This is a good report for an early-stage gold project. It demonstrates potential for a small to mid-sized deposit (likely 500k-1M oz if exploration succeeds) with upside for growth across the tenure. Compared to other junior gold prospects, it’s above average due to its geological setting, historic grades, and technical quality, but it doesn’t yet stand out as exceptional without further results. The planned 2025 drilling and resource estimation will be critical to elevating its status. For investors or geologists, it’s a project worth watching, particularly if high-grade zones expand.