Ann: Mt Stirling Gold Camp Exploration Strategy, page-2

Highlights:
 Desktop works uncover a much larger area of interest at the Mt Stirling and Diorite Projects, with
the potential for significant discoveries.
 A new 3 phase systematic exploration approach to be undertaken with the aim of increasing tonnes
at the cheapest discovery cost per ounce.
 Forty‐two established targets to follow up on including within the Diorite prospect (ASX: 29 January
2020).
 One of these forty two targets, a deposit of 980,500 tonnes at 1.73g/t for 50,300 ounces (ASX: 25
February 2019), which has been established on limited drilling will be followed up on along strike
and at depth.
 Historical Diorite King and Diorite Queen mines to be re‐evaluated.
 Mt Stirling shares similar characteristics of deposits hosted by the Larder Lake – Cardiac Break in
the Superior Province of Canada and Gwalia in the Leonora Goldfields.
 Mt Stirling Project sits adjacent to Red 5’s tenure which hosts the King of the Hills (KOTH) mine.
 The Mt Stirling project is located within the prolific Leonora Gold district in the Eastern Goldfields.
With Red 5’s King of the Hills, St Barbara Gwalia and Saracen’s Thunderbox in the same trend.