Ann: Exploration Update - Suplejack and Lake Mackay-ABU.AX, page-2

ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABU
25 August 2016
Exploration Update – Suplejack and Lake Mackay
ABM Resources NL (“ABM” or the “Company”) advises that assay results have been received for
reverse circulation (RC) drilling completed at the Suplejack Project in July and that Independence
Group NL (IGO) has commenced a major airborne geophysical survey at the Lake Mackay Project.
Highlights
• Assays received for 8 RC holes drilled at the Tethys Prospect
• Multiple significant gold intercepts returned, including:
− Hole TYRC100030 – 21m at 3.96g/t gold from 61m
− Hole TYRC100035 – 9m at 3.01g/t gold from 54m
− Hole TYRC100035 –14m at 5.32g/t gold from 67m
− Hole TYRC100036 – 4m at 5.96g/t gold from 43m
− Hole TYRC100036 – 10m at 4.32g/t gold from 54m
− Hole TYRC100036 – 14m at 2.60g/t gold from 67m
• Diamond drilling planned to further test and interpret the Suplejack mineralised system
• 51,800 km aeromagnetic survey to provide complete coverage of the Lake Mackay Project
Suplejack Project
The Tethys Prospect is situated within the Suplejack Project area on exploration license EL9250. RC
drilling carried out at Tethys in June 2016 demonstrated that significant gold mineralisation extended
along the east-west striking Hyperion trend for at least 1,300 metres (ASX 18 July 2016).
Generally, drilling has shown gold mineralisation on the Hyperion trend to have a consistent, steep
southerly dip. However initial drilling at Tethys on section 614180mE, the most easterly extent of the
mineralised trend, indicated a sudden flattening of dip or potential displacement by faulting. In the
latest drilling program, eight additional RC holes were drilled on and adjacent to section 614180mE in
an effort to improve the understanding of mineralisation in this area. Two holes from the June
program, initially drilled to 90 metres depth, were also extended.
The latest drilling returned multiple significant intercepts in each hole. There generally appears to be
good correlation between holes on this section and a preliminary interpretation reinforces the
apparent shallow southerly dip, as shown in Figure 1. However it is important to note that this
interpretation is somewhat speculative as the geology in this area is not yet fully understood.
Diamond drilling is planned for the current quarter that is intended to enhance the geological
interpretation of the Hyperion – Tethys area and improve the understanding of the broader
mineralised system at the Suplejack Project.
Figure 1: Tethys Cross-section looking west at 614180mE
All significant intercepts from the latest drilling program at Tethys are presented in Table 1 with drill
hole collar locations and details in Table 2.
Lake Mackay Project
IGO has commenced an extensive aeromagnetic survey at the Lake Mackay Project.
The aeromagnetic survey will comprise approximately 51,800 line kilometres at a spacing of 200
metres, with key areas of interest in-filled to 100 metre spacing. All the granted exploration licenses
and exploration license applications covered by the Lake Mackay Exploration Agreement with ABM
will be surveyed, representing an area of approximately 7,000 square kilometres. The resulting data is
expected to improve target definition and interpretation at the project and assist on-going
exploration.
IGO is earning a 70% joint venture interest in ABM’s Lake Mackay tenements by sole funding $6​

million of exploration expenditure (ASX 6 May 2016).