Ann: VHMS Target Identified At Depth At Red Bore-THX.AX, page-32

JORC Table.

Is the green bit what you mean HC?

Geology

• THX’s exploration includes gravity, induced polarisation and magnetic surveys to 2011 followed by RC and diamond drilling. A horizon interpreted to be a VMS horizon was identified containing strong copper-gold-silver associations that displayed visual and geochemical similarity to Sandfire Resources NL’s DeGrussa copper-gold deposit. The drilling carried out since April 2014 established the presence of massive primary copper sulphide (chalcopyrite) and magnetite that were interpreted to be magmatic feeder “pipes” (intrusive origin) at Gossan. New geological and lithological data from this programme indicates that a VHMS origin of the mineralisation at Gossan (previously discounted) is valid and that the primary mineralisation may be remobilised from a VHMS source at depth. The Impaler mineralisation continues to exhibit characteristics of VHMS provenance. The recent discovery at Monty (~5km to the east) has provided further support for the existence of a VHMS field at Doolgunna. The possibility remains that mineralisation at Gossan and Impaler derive from a deeper seated source. The principal objective of the current and planned future work programmes is to test new targets at depth that are consistent both with the geological setting observed in all past drillholes and also with the recent reinterpretation of historical gravity surveys, potentially leading to an as yet undiscovered larger primary source or new VHMS lens.

Further work
• Follow-up programmes will include a number of deeper RC holes, primarily around Gossan, to provide additional geological information to assist in targeting as precisely as possible the deep gravity anomaly identified to the northwest of Gossan. Deep diamond drilling is planned, either as diamond tails to the RC pre-collars or as separate diamond holes from surface, below Gossan and Impaler to test for repetitions and/or extension of the known primary mineralisation and to test the deep gravity anomaly.
• The principal targets to be tested in the proposed follow-up programmes will be presented in detail when the exact targets and timing have been established.