Ann: Quarterly Activities Report, page-5

HIGHLIGHTS
• Nagambie announced the discovery of the first high-grade, antimony-gold vein system, C1, on
16 November 2022. Subsequent to the quarter, the second vein system, C2, 200m west of C1,
was announced on 23 January 2023.
• The 10 high-grade intersections within the MCOG (mineable cut-off grade) zones for the C1 and
C2 vein systems to date average 16.3 g/t AuEq (gold equivalent) with average antimony and gold
being 6.3% Sb and 4.3 g/t Au respectively.
• The average grade of 16.3 g/t AuEq is 5.4 times the MCOG of 3.0 g/t AuEq. This indicates
potentially very-low operating cost, very-high operating margin mineralisation.
• Greatly increased confidence, due to the discovery of C2, in the structural model that predicts
further C-style vein systems will be discovered to the west.
• Preliminary discussions held with a large overseas antimony-gold refinery that approached
Nagambie in regard to an offtake arrangement for Nagambie’s future antimony-gold flotation
concentrate.


All looks good to me !!!
IMO