Ann: Mt Stirling Interim Mineral Resource Estimate Update, page-2

Mt Stirling Interim Mineral Resource Estimate Update
Highlights:
 Mt Stirling Interim Mineral Resource Estimate (MRE) increases by 200% to
2.05M tonnes @ 1.54 g/t Au for 102,000 ounces including 20,000 Indicated ounces from
surface (using a 0.5 g/t gold cut-off) (Table 1)
 Two further resource upgrades at the Mt Stirling Gold Project are anticipated before the end of the
year
 Mineral domains such as the Hanging Wall Zone lower segments, parts of the Viserion Zone, and
other mineral zones have not yet been included in the Interim MRE Update due to some sparse
drill spacing and mineralised sample assays yet to be received and reported which may confirm
continuity of further mineralised zones between drill holes and sections
 Only 740m of strike incorporated into MRE from a total interpreted 1.160km strike of the Mt
Stirling gold system with Mt Stirling Main Zone; Hanging Wall, Viserion lodes, and multiple eastern
gold mineralised zones all remaining open along strike and down-dip
 A significant ~500m strike (>10ppm and up to 125ppm) arsenic surface anomaly has been
discovered over Hydra mineralisation 1.25 km further along strike to the NW of Viserion and is
likely a surface expression of the Mt Stirling gold system
 Significant arsenic anomalies have also been defined (pXRF) ~200m SE and ~500m NW of Interim
Resource Estimate boundary, implying continuity of the gold system to both the SE & NW
 Excellent Open pit potential at Mt Stirling due to the good continuity of mineralisation converted to
Indicated category
 The Mt Stirling Gold System footprint continues to track on par and is consistent with regional
significant discoveries, e.g. St Barbara’s (ASX:SBM) 4.8Moz Gwalia Mine and Northern Star’s
(ASX:NST) 3.8Moz Thunderbox Mine, with the Mt Stirling gold system remaining open in all
directions
 Stirling Well Phase 2 drilling has been completed with 17 drill holes for 2,618m drilled which will
be incorporated into the JORC resource estimate update in early Q3 2021, which may coincide
with a further Mt Stirling Resource Estimate Update
 Mt Stirling Regional targeting has identified numerous Priority 1 and Priority 2 targets along four
key structural corridors; Viserion Shear (3.4km); Wonambi Shear (2.2km); Ursus Fault
(2.5km) and Blue Jacket (2.2km) for immediate follow-up exploration including drilling
 Torian is now fully funded to continue its 50,000m drilling campaign in 2021