Ann: Cloncurry Update, page-2

I woulda thought this would be "market sensitive"? Still waiting for Burra though!


4th May 2021
Market Release
• FOLLOW UP DRILLING AT KING BROWN FOLLOWING HIGH GRADE
COPPER/GOLD RESULTS.
• PLAN OF OPERATIONS AND FEASIBILITY STUDY WELL ADVANCED TO
ALLOW COMMENCEMENT OF MINING AND PRODUCTION AT MT FREDA
GOLD MINE.
• HIGH GOLD GRADES LAB ASSAYS FROM COSTEAN SAMPLING KING
BROWN UP TO 16.46g/t Au.
• AUSMEX WAITING FOR LAND COURT DECISION, ADVISED IMMINENT FOR
GRANTING OF THE MINING LEASE FOR GOLDEN MILE.
• ABUNDANCE OF COBALT, ERYTHRITE (COBALT BLOOM) DISCOVERY
SOUTH OF KING BROWN AFTER HISTORICAL MINES DEPT RECORDS
DESCRIBE LOCATIONS OF HISTORICAL PRODUCING HIGH GRADE COBALT
MINES.

The Company has commenced a follow up exploration program including diamond core drilling
on the King Brown EPM 14163 following the high-grade Copper/Gold results from the recent
exploration activities (ASX: AMG 9th April 2021). Gold Results have just been received from
recent costean sampling with grades up to 16.46 g/t Au. The results were from samples taken
from costeans and box cuts approximately 200 metres apart along a possible continuous East
West trending zone of mineralization.
Copper and Gold Results from laboratory:
Sample # 117191: 29.43% Cu,
Sample # 117192: 2.82% Cu & 1.26g/t Au,
Sample # 117193: 11.91% Cu,
Sample # 117194: 4.94% Cu & 1.75g/t Au,
Sample # 117196: 6.80% Cu & 10.83g/t Au,
Sample # 117197: 6.14% Cu & 5.25g/t Au,
Sample # 117198: 24.97% Cu,
Sample # 117216: 19.90% Cu & 16.46g/t Au.
9 Samples assayed over 5% Cu with 7 Samples assaying over 10% Cu. (See Table 1 for full results).
Diamond Core drilling (see image 5) (ASX: AMG 21st Nov 2019), located within a short distance to the
North of these latest high-grade samples, never intersected the area of these new discoveries, but still
managed to intersect high grade Gold and Copper with Cobalt, indicating the possibility of a larger system.
All holes intersected Copper and Gold in chalcopyrite.
Diamond core drillhole, KB19DD004 drilled to the West, intersected 18m @ 2.34% Cu, 2.17g/t Au
including 6.3m @ 4.47% Cu and 5.36g/t Au and 4.3m @ 699ppm Co. All three holes intersected high
grade Gold/Copper, with one-hole 13m @ 1.31% Cu 1.60g/t Au including 9.4m @ 1.66% Cu and 2.04g/t
Au with 1 m @ 17.55g/t Au (ASX: AMG 21st November 2019).