Drill hole SPRC020 was designed to test the continuity of the...

1. Drill hole SPRC020 was designed to test the continuity of the Essex mineralisation, defined in histor2.

intercepts including 8.5m @ 5.9g/t Au from 16m (87-6). The drillhole intersected sericite + pyrite altered
quartz + feldspar + hornblende porphyry overlying and faulted against weakly chlorite ± hematite ±
magnetite ± albite altered basalt and volcaniclastics. The volcaniclastic package is intruded by feldspar
porphyry, hornblende diorite and quartz + feldspar + hornblende porphyry units. Mineralisation is
associated with weakly developed quartz veining associated with pyrite + chlorite + ankerite alteration.
Intercepts reported include 9m @ 1.48g/t Au, 0.16% Cu from 66m, 17m @ 0.46g/t Au to end of hole with a
planned re-entry

Hole ended in mineralisation and is to be extended.

2. Drill hole SPRC021 was designed to test the eastern continuity of the Essex mineralisation, defined in historic
intercepts including 54m @ 1.99g/t Au from 8m (JG119). The drillhole intersected sericite + pyrite altered
quartz + feldspar + hornblende porphyry overlying and faulted against weakly chlorite ± hematite ±
magnetite ± albite altered basalt and volcaniclastics. The volcaniclastic package is intruded by feldspar
porphyry, hornblende diorite and quartz + feldspar + hornblende porphyry units. Mineralisation is
associated with weakly developed quartz veining associated with pyrite + chlorite + ankerite alteration.
Intercepts reported include 28m @ 0.99g/t Au from 153m, 21m @ 0.57g/t Au to end of hole with a planned
re-entry

As above

3. Drill hole SPRC022 was designed to test the down-dip/down-plunge continuity of the Spur mineralisation,
defined in previous intercepts including 89m @ 1.73 g/t Au, 0.08% Cu from 115m, inc. 57m @ 2.50 g/t Au,
0.11% Cu from 115m, 16m @ 5.59 g/t Au, 0,32% Cu from 156m, 9m @ 9.33 g/t Au, 0.38% Cu from 163m
(SPRC007, ASX WTM 3 July 2024). The drillhole, located approximately 100m north from SPRC007,
intersected a sequence of basaltic volcanics and volcaniclastics intruded by feldspar porphyry with minor
quartz porphyry and monzonite porphyry intrusions. Mineralisation is associated with zones of moderately
developed disseminated pyrite + chlorite + hematite alteration. Strong intercepts were reported, including
20m @ 3.00 g/t Au from 171m, inc. 6m @ 7.46g/t Au from 185m (Figure 1, Table 2). The results indicate a
potential northerly plunging geometry to the high-grade zone at Spur, with these results indicating a >100m
extension

This is a great result. +100m extension to mineralisation (albeit getting deeper) = tonnes

4. Holes 23 and 24 more broad zones of mineralisation with ore grade and prove the down-dip/down-plunge continuity of Spur

5. 7 holes including Dalcoath still in the lab. Multi element analysis been undertaken for vectoring and basic Geophysics been utilised for targeting

6. Only real negative is holes 5 and 6 possibly closing off spur east, but even those holes had up to .5gpt and are being sent back to the lab for retesting.

I think people are not reading the same announcement as me when selling. No sugar hits but this is solid. Forget about the porphyry potential and look at the Cowal analogy and you will be very comfortable with the work to date. (Total mineral resource for Cowal is 285mt @.98gptfor ~9m ounces)