Ann: Company Update and First Jameson Result, page-12

ASX ANNOUNCEMENT
2 2 A p r i l 2 0 2 4
The Baldock 086 Lode has been grade control drilled to a nominal 10m x 10m spacing. As part of this
preparatory work a comprehensive metallurgical test work program has been undertaken and results
received covering the Baldock 086 Lode, which is contained within the volume of the fully permitted Sister
Sam Open Pit, as yet unmined. A total of 74 spatial variability samples were selected throughout the Baldock
086 lode and tested to understand gold recovery and reagent consumption using Mt Ida site water. From
these samples 3 master composites based on ore types were created; an oxide master comp IM2078, a
transitional master comp, IM2079 and a fresh master comp IM2080.
Gold extraction rates for each composite ore type are tabulated below in Table 2. A range of 91.4-99.7%
recovery was achieved in an 8hr residence time, with 44-63% of the gold able to be recovered with a gravity
circuit. Cyanide consumption was very low for the master composites ranging from 0.5-1.25 kg/t. Copper
grades ranged from 502-1,110ppm and returned expected low cyanide solubilities.

only 44-63% gold recovery ???
copper ?