Ann: Magmatic to demerge Moorefield project and IPO, page-35

A bit more on the projects going into the new Australian Gold and Copper Ltd IPO (AGC) per below.

Had a bit of a look over the weekend on the Moorefield project and here are some of the extracts:

- acquired from Gold Fields as part of the 4 project package and IPO'd into MAG in 2017

- under-explored with only shallow cover

- contains the 15km Boxdale - Carlisle Reefs orogenic gold; defined by surface geochemical anomalism and significant existing drill results, including:

- 36m at 1.21g/t Au from 81m (Carlisle Reefs)
- 30m at 1.60 g/t Au from 80m (Carlisle Reefs)
- 19m @ 1.28g/t Au from 114m (Boxdale)
- 15m @ 1.00g/t Au from 85m (Boxdale)

- Carlisle Reefs is at one end of the 15km gold trend and Boxdale at the other

- both Carlisle Reefs and Boxdale are historic goldfields

- only 1 drill campaign (5 holes) ever drilled at Boxdale (by Gold Fields)

- only 2 drill campaigns ever drilled at Carlisle Reefs (by MAG - in 2017)

- recent reinterpretations of eastern Australian geology indicate a possible link and similarities between the Moorefield Project area and the Bendigo Zone, host to the Fosterville Gold Deposit in the Victorian Goldfields

I will put up more info as I go through it.

Cheers,

GB.







First ever drill campaign at Carlisle Reefs (drilled by MAG in mid-2017):










Second ever drill campaign at Carlisle Reefs (drilled by MAG in mid-2017):











Moorefield 15km gold trend/location of prospects:












Carlisle Reefs Drill Hole Map:











Carlisle Reefs Cross Section: