Ann: Accelerated Growth Strategy for Fingals Mining Centre, page-2

As expected. I think i may have been understating this area. Can't see BC8 running out of gold for decades. These new targets don't even include the other dozen of so up North that BC8 acquired a couple of years back. They include Thrust, Black widow, trapdoor, funnel web.
They have focused on this ground first to add obvious near term ounces. The targets on page 3 are very exciting. This is the advantage of using modern proven localised techniques 30 years after the last mine was there.


Black Cat’s Managing Director, Gareth Solly said: “The Fingals deposits formed the impetus for previous
owners to build a mill in the early 1990’s. The area has been overlooked for decades and clearly has plenty of
potential to support future mining plans. Black Cat has already added 200,000 oz in our first 18 months of
ownership and we are now planning a significant exploration program to expedite Resource growth. Drilling
will target both the deeper extensions of the higher-grade lodes, near surface extensions and new discoveries.

The planned open-pit at Fingals Fortune is already obsolete, with the shape and size expected to change
significantly on the back of future drilling.”

New and ongoing exploration targeting has identified multiple, high priority targets both immediately around
the current Resource and within the greater Fingals Mining Centre. Drill planning to unlock the significant
potential within the Fingals Mining Centre is underway. Locally, the Resource is open in all directions with
numerous high-priority extensional targets identified within the immediate vicinity of Fingals Fortune.

Work to date has identified several near mine targets focusing on strategies A and B. These targets already
cover an area in excess of 2.7km by 2.1km. Further work is ongoing to identify and rank additional targets,
along with the structural review. Figure 2 shows the high priority, near mine target areas already identified,
being:
Target 1 – Along strike of the Western Shear Lodes and high-grade South Lodes
Target 2 – Eastern strike and down plunge extension of South Lodes
Target 3 – East Lodes extension
Target 4 – Additional porphyry hosted lodes
Target 5 – Offset of Fingals East porphyry
Target 6 – Historical shaft trend
Target 7 – Down dip of the Western Shear Lodes
Target 8 – Plunge extension of North Lodes