Ann: New Zinc-Gold-Silver Mineralisation at Hayes Creek, NT, page-5

I’ve had a look through this and done a quick measurement using some of my software, that ‘red’ surface expression is approx. 16,000m2, not accounting for slope of the mineralisation. The key holes for me were;

80 (~4m)
87 (~9m)
89 (~7m)
93 (~1m)
95 (~6m)
97 (~4m)
109 (~8m)

Holes 80, 87, 89 and 93 tell me it will be worth pushing the PFS pit wall out by around 50m to expose and extract this extra mineralisation, with extra waste strip required.

The Cross Section ‘X’ is actually through hole 80-95 and the mineralisation looks to dip from hole 93 (26-27m depth – nice and close to surface) to hole 89 (88-95m depth) over the space of 280m. It also falls away to hole 118 (102-107m depth). This extra mineralisation using the ‘red’ surface expression only, is around 11,000m2 and using an average depth of around 5.5m is an additional 60,000m3 or perhaps 150,000t of material.

The other area around holes 97 and 95 will add another ~70,000t of material, it's close to surface so will be very easy to mine.

So all-in-all, I see an extra 200,000-250,000t of mineralisation to the Open Pit which will hopefully be realised in the DFS this year. Essentially, this will add ~1 year to the Project life with cheap open pit material, taking into account the waste strip time etc.

Decent added value.