Ann: Phase 1 Assays Confirm High-Grade Extensions at Mt Stirling, page-2

Furthest NW Phase 1 Assays Confirm High-Grade
Extension of Mt Stirling Gold System
Highlights:
 First assays from the furthest NW Phase 1 (Section 1840N) MSRC061 return significant results
of 5m @ 4.42 g/t Au from 73m including 1m @ 6.07 g/t Au from 77m
 Results confirm extension of Mt Stirling strike of mineralisation by at least 80m to the NW
 Significantly, three additional NW extension Phase 2 drill sections, occur in direct NW strike of
MSRC061 gold intercept, for a further 120m extension of interpreted mineralised strike
 These 3 additional NW extension sections have also all intercepted a larger second significant
mineralised Shear Zone to the immediate West, with high levels of arsenic in sulphides,
significant fuchsite, chlorite and biotite alteration, and up to ~26m down-hole intercept for an
interpreted 10m true-width zone
 Torian has expedited processing of NW extension drill holes MSRC087- 88 with assays pending
 Phase 3 (first of 5 diamond holes) MSRD001 (section 1640N) has intercepted and extended
Hanging Wall and Main Zone mineralisation (~250m below surface) for a further ~80m
directly down-dip of previous high grade MSRC025 intercepts, with assay results also pending
 Mineralisation and structural positions encountered are consistent with previous high grade gold
zones on section which returned Hanging Wall intercept of 4m @ 8.84 g/t Au (from 187m
MSRC025); inc 1m @ 33.10 g/t Au (from 188m) and Main Zone 17m @ 1.66 g/t Au (from
234m); inc 3m @ 5.17 g/t Au (from 234m) and 1m @ 9.20 g/t Au (from 235m) (ASX release
6/1/21)
 The interpreted strike of the Mt Stirling gold system now exceeds ~600m
 Mineralisation footprint strike and depth extents so far are on par and consistent with regional
significant discoveries, e.g. St Barbara’s (ASX:SBM) 4.8Moz Gwalia Mine and Saracen’s
(ASX:SAR) 3.8Moz Thunderbox Mine, with the Mt Stirling Gold System remaining open in all
directions
 Phase 3 drill program continues with extensional resource diamond drilling on 80m spacing,
strategically planned to test structural model, extend resource, and vector on predicted plunge
positions across ~360m of the interpreted ~1,250m Mt Stirling mineralised strike
 Torian awaiting results from 31 drill holes at Mt Stirling, 18 holes at Stirling Well and 19 holes
from Diorite, with results forthcoming
 Results received to date bode well for Mt Stirling interim JORC resource upgrade due Q1 2021
 Replay of investor webinar held on January 27 can be viewed at: