Ann: MRG HMS - Significant First Aircore Assay Results, page-4

FIRST AIRCORE DRILLING ASSAYS CONFIRM AND
EXCEED VISUAL ESTIMATES OF HEAVY MINERAL
GRADE AT KOKO MASSAVA

Key Highlights
• HIGH GRADE LABORATORY RESULTS FROM FIRST LINE OF AIRCORE DRILLING
AT KOKO MASSAVA CONFIRMS EXTENSIVE MINERALISED FOOTPRINT, STILL
OPEN IN ALL DIRECTIONS.
• HIGH GRADES >5% AND UP TO 17.64% TOTAL HEAVY MINERAL (THM) FROM
NEAR SURFACE AND AT >50M DEMONSTRATES THE ROBUST NATURE OF
MINERALISATION.
• STRONG CORRELATION DEMONSTRATED BETWEEN VISUAL FIELD
ESTIMATION OF THM GRADE AND LABORATORY ASSAY OF THM GRADE,
WITH VISUAL FIELD ESTIMATION TYPICALLY CONSERVATIVE.
• MORE AIRCORE DRILLING ASSAYS TO FOLLOW. (NEXT BATCH IN PERTH LAB)
THE RESULTS REPORTED HERE REPRESENT THE FIRST 8 OF 82 AIRCORE HOLES
DRILLED.
• HIGHLIGHTS OF THE FIRST KOKO MASSAVA AIRCORE ASSAY RESULTS
INCLUDE:
▪ 18M @ 7.44% THM (HOLE 19CCAC116) FROM 3-21M
▪ 15M @ 8.15% THM (HOLE 19CCAC116) FROM 30-45M
▪ 24M @ 7.19% THM (HOLE 19CCAC118) FROM 3-27M
▪ 6M @ 11.89% THM (HOLE 19CCAC118) FROM 21-27M AND 24M @ 5.19% THM