ASX Announcement19 March 2024Discovery of extremely...

ASX Announcement
19 March 2024

Discovery of extremely high-grade
shoot bolsters early production plan
Assays of up to 374 g/t gold show the grade of this new shoot will significantly exceed the
Resource estimate in the area; Drilling also highlights potential for six more similar shoots
Key Points
• Exceptionally high-grade ore shoot defined at 1.4Moz Deacon ore body with assays significantly
higher than those in the Resource estimates used for mine planning (see Figure 4)
• This shoot is similar to the high pyrrhotite ore shoots mined historically at the nearby Bellevue
lode and is characterised by exceptional grade and continuity and remains open down plunge
• The recent results, which are close to true width (~80%), include:
o 10.8m @ 66.8 g/t gold o 14.0m @ 49.4 g/t gold
o 8.9m @ 71.1 g/t gold o 8.4m @ 50.1 g/t gold
o 7.5m @ 49.8 g/t gold o 9.5m @ 35.4 g/t gold
o 7.8m @ 33.7 g/t gold o 10.6m @ 24.7 g/t gold
o 8.4m @ 29.9 g/t gold o 5.6m @ 39.1 g/t gold
o 3.2m @ 59.4 g/t gold o 0.5m @ 374.0 g/t gold
o 6.9m @ 25.4 g/t gold o 2.2m @ 72.4 g/t gold
o 7.3m @ 21.1 g/t gold o 4.1m @ 35.1 g/t gold
o 4.5m @ 26.2 g/t gold
• Drilling has also highlighted potential for another six high-grade shoots in the greater Deacon
Main area (see Figure 7), with recent broad-spaced high pyrrhotite drill intersections containing
similar characteristics to this newly-identified shoot. Results include:
o 30.2m @ 11.33 g/t gold (including 2.7m @ 61.6g/t gold and 6.9m @ 21.5 g/t gold)
o 8.7m @ 34.4 g/t gold o 8.1m @ 16.0 g/t gold
o 4.8m @ 55.7 g/t gold o 3.6m @ 53.1 g/t gold
o 4.1m @ 24.2 g/t gold o 3.0m @ 28.0 g/t gold
• In light of these results, another underground drill rig is being mobilised to expedite Deacon
Main infill drilling