Ann: First Assays From T2 West Prospect-MOD.AX, page-2

Assays have been received for the first three RC holes drilled along the first section at T2 West.
Locations of these holes are included in Table 1 and are plotted on a preliminary interpreted sketch
cross section included in MOD’s announcement on 23 August 2016 (Figure 2).
Two RC holes, MO-G-52R and MO-G-54R, intersected zones of disseminated copper mineralisation
around a high-grade copper/silver core associated with veining in the centre of the disseminated
mineralisation. The combined intervals of disseminated and vein hosted mineralisation extend
approximately 24m from 51m down hole in MO-G-52R, and 28m from 49m down hole in MO-G-54R.
Highlights of today’s RC drilling results include:

MO-G-52R intersected 7m @ 1.7% Cu and 32g/t Ag from 61m downhole, including:
5m @ 2.3% Cu and 42g/t Ag from 61m downhole

MO-G-54R intersected 6m @ 1.7% Cu and 24g/t Ag from 61m down hole
The disseminated mineralisation around the high-grade intersections listed above includes individual
1m intervals ranging from ~0.1% to 0.5% Cu in MO-G-52R, and ~0.1% Cu to 0.7% Cu in MO-G-54R.
The assay results are still being interpreted and the significance of the disseminated mineralisation is
unknown at this early stage of exploration at T2
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