Ann: Significant Bulk Sampling and Blast Hole Results, page-3

Significant Bulk Sampling and Blast Hole Results

HIGHLIGHTS

• First drill and blast works conducted at the Bowdens Silver Project to collect
bulk samples for ongoing optimisation work and ore-sorting trials.

• Representative samples extracted from both high and low-grade Mineral
Resource Estimate (“MRE”) blocks in the south of Main Zone.

• Assays from blast hole samples highlight potential conservatism within the
MRE with high-grade results averaging 43% higher than block model grades.

• One metre assays of blast holes include:
o 671 g/t Ag Eq. (Incl. 649g/t Ag, 0.02% Zn and 0.64% Pb)
o 549 g/t Ag Eq. (Incl. 516g/t Ag, 0.44% Zn and 0.33% Pb)
o 521 g/t Ag Eq. (Incl. 444g/t Ag, 1.05% Zn and 0.75% Pb)
o 479 g/t Ag Eq. (Incl. 355g/t Ag, 1.39% Zn and 1.64% Pb)
o 446 g/t Ag Eq. (Incl. 324g/t Ag, 1.64% Zn and 1.22% Pb)
o 435 g/t Ag Eq. (Incl. 423g/t Ag, 0.06% Zn and 0.27% Pb)
o 427 g/t Ag Eq. (Incl. 384g/t Ag, 0.36% Zn and 0.74% Pb)

• Results demonstrate potential for significant upside in Bowdens Silver
mining scenarios.