Ann: Corporate Presentation - November 2022, page-5

It's worth highlighting that two intersections reported in this presentation for Spanish Galleon...

1.40m @ 92.6 g/t Au and 5.8% Cu (including 0.40m @ 242 g/t Au and 15.8% Cu)

1.55m @ 44.4 g/t Au and 8.9% Cu (including 0.85m @ 79.5 g/t Au and 15.8% Cu)

... are a follow up to these statements reported in the September Quarterly (p.16):

"Further encouraging exploration drilling has been returned at Deflector, targeting the Spanish Galleon prospect located ~300m west from Deflector South West, and within mafic and ultramafic host rocks similar to the main Deflector host stratigraphy... Silver Lake has commenced a program of surface diamond drilling, targeting primary lodes below the historical anomalism, with steeply dipping lodes of quartz-sulphide veining intersected below the oxide zone in the first three holes completed...Gold and copper assays from samples sent to the laboratory are expected to be returned in Q2 FY23. Based on these initial interpretations of the very encouraging intersections, a follow up program of infill and step out diamond drilling is being prepared."