Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

September 2021 Quarterly Highlights:
STRELLEY GOLD PROJECT – Mallina Basin, Pilbara, WESTERN AUSTRALIA
• Significant high-grade intrusion and shear hosted gold
mineralisation intersected along a >4km long Strelley Gold Corridor
(see ASX release 27 October 2021), results include:
o PLRC0051 5m @ 4.83 g/t gold from 110m
o PLRC0035 10m @ 1.62 g/t gold from 115m
o PLRC0043 2m @ 5.21 g/t gold from 85m
including 1m @ 9.75 g/t gold from 85m
• Results Pending from 8 RC holes and next phase of a >5,000m RC
follow up drilling program to commence in November 2021
GREATER DUCHESS COPPER GOLD PROJECT – MOUNT ISA, QUEENSLAND
▪ Nil Desperandum Prospect
• Broad zones of copper-gold mineralisation continue to be
intersected (see ASX releases 13 & 16 August 2021), including:
o NLRC027 60m @ 1.0% copper from 139m
including 23m @ 1.7% copper, 0.4g/t gold from 152m
o NLRC029 61m @ 0.6% copper from 47m
▪ Lady Fanny and Burke and Wills Prospects
• Government approval received to add the historically relinquished
Lady Fanny mining lease areas to Carnaby’s EPM14366 (see ASX
release 25 October 2021).
• >600m strike of high-grade copper-gold mineralisation. Channel
sampling and drill results of (see ASX release 25 October 2021):
o Channel - 5m @ 2.7% copper incl 0.4m @ 14.7% copper
o Channel - 1.2m @ 9.0% copper, 0.9g/t gold
o Channel - 2m @ 11.4% Copper, incl 0.9m @ 21.3% Copper
o Channel - 0.8m @ 12.8% copper, 11.1g/t gold
o BWRC001 - 4m @ 2.3% copper from 36 m
including 1m @ 7.2% copper, 0.7 g/t gold
Cash as at 30 September 2021 of $5.6M