Ann: Half Yearly Report and Accounts, page-8

Amigos, is there another week of pain to come? These things are now out of control and I'm expecting the worst for a few months. So, having nothing better to do, let's look at Juruena. The report on 6th Nov 2019 is a beauty (but it was over-shadowed by the expectations for Novo Astro). The Nov report looks at the drill cores and surface metals to conclude on page 10: "The Cu‐Mo‐Te‐Bi signature is strongly suggestive of a magmatic (porphyry) association and is particularly strongat a number of prospects: Crentes, Arrastro Hills, and Uilian (Figure VI)." Note that Meteoric did not include Donna Maria in that list. You will remember that Donna Maria is a high-grade vein, which gave the best gold intercepts of the 2019 drilling program. Crentes is isn't too far from Donna Maria, but it is separated from it by a fault. They drilled twice at Crentes, and JUDD010 found evidence of a copper-gold pophyryr. They write on page 8 about drilling at Crentes with JUDD 010: 'the observed copper, molybedenum‐gold association is indicative of “porphyry copper” models.' The sectional view of JUDD010 is copied below. Also, copied below are two contour maps of the geophysics which suggest a porphyry at Crentes (the red-pink circular areas). They write: "3D inversionof the IP data suggests the anomalies are below 100m and hence were likely never intersected with drilling." Finally, there is a very interesting statement on page 3 of the most recent announcment on 27th Feb 2020: "Additionally, post drilling geological interpretation indicates that high grade gold distribution occursassociated to a moderately north plunging mineral lineation. These controls were not tested in the 2019program and provides a good target for bulk tonnage open pittable ounces during 2020 drilling." Are they referring to the possible porphyry at Crentes?

Sectional view of JUDD010 which found evidence of a gold-copper pophyry.

Below: Geophysics chargability cotours indicating possible locations of porphyry copper-gold.