BOTSWANA COPPER/SILVER PROJECT UPDATE

 High grade Cu assays and wide zones of Pb/Zn sulphide mineralisation intersected at T3
provide an indication of the potential of this exciting new polymetallic discovery
 Second drill hole at T3 (MO-G-11R) intersected 14m@ 1.97%Cu from 86m down hole depth,
including [email protected]%Cu from92mdown hole depth (Figures 1 & 2)
 MO-G-11R also intersected 5 zones of highly anomalous Pb/Zn over an 84m interval from
64mdown hole depth (Appendix 1). Highest 1mZn assays are: 3.43%, 2.07%& 1.07%Zn
 Two RC drill holes have intersected wide zones of visible disseminated Cu/Pb/Fe sulphides
100mwest and east of current drill section (Figure 2). Results are being interpreted
 Cu/Pb/Zn mineralisation intersected in hanging-wall sediments in the interpreted T3 Dome
is unlike any other knownmineral deposit in the Kalahari Copper Belt
 Preliminary interpretation suggests Cu/Pb/Zn intersections occur near the western end of
4-5kmlong Pb/Zn soil anomaly along part the axis of the T3 Dome (Figures 3 & 4)
 Two diamond drill rigs now on site. Hole MOG-01D is targeting an inferred DHEM conductor
at >200mdepth and testing for the interpreted deeper Kalahari prospective contact
Figure 1: 1m samples from RC drill hole MO-G-11R showing visible chalcopyrite and Cu assays for each 1m sample (Refer Appendix 1)
MOD Resources Limited ABN 78 003 103 544 | First Floor, 1304 Hay Street, West PerthWA 6005 | PO Box 1927, West PerthWA 6872
ASX code: MOD | T +61 (8) 9322 8233 | F +61 (8) 9322 8077 | E [email protected] | www.modresources.com.au
BOTSWANA COPPER/SILVER PROJECT UPDATE
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Figure 2: T3 Preliminary Interpreted Cross Section #1 showing significant intersections in drill holes MO-G-10R and MO-G-11R
Refer to Appendix 1 for assay results for Cu, Pb and Zn for MO-G-11R. Note: intersections are reported as down hole widths
The Board of MOD Resources Ltd (ASX: MOD) is pleased to announce very encouraging assay results from the
second RC drill hole (MO-G-11R) at the T3 discovery, owned by MOD (70%) and Metal Tiger Plc (LON:MTR)
(30%). As announced on 17 March 2016 and 23 March 2016, significant visible Cu mineralization was also
intersected in MO-G-12R and MO-G-13R which are on the same drill section as MO-G-11R (Figure 2) and
assays are expected from these holes soon.
Key results from MO-G-11R include:
 Two significant zones of Cu mineralisation:
- [email protected]%Cu from86m down hole depth,
including [email protected]%Cu from92m down hole depth; and
- [email protected]%Cu from69m down hole depth (Figures 1 and 2)
 Five zones of highly anomalous Pb/Zn mineralisation over an 84m interval starting from 64m down
hole depth (Appendix 1). The Pb and Zn assays in the five distinct zones are highlighted in Appendix 1.
The Pb/Zn assay data are still being interpreted and the significance of these results is expected to
becomemore apparent when assays are received from other drill holes in the immediate area:
- Highest individual 1mzinc assays are: 3.43%, 2.07%and 1.07%Zn
BOTSWANA COPPER/SILVER PROJECT UPDATE
HIGH Cu ASSAYS AND SIGNIFICANT Pb/Zn INTERSECTIONS CONFIRM T3 DISCOVERY
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A preliminary interpreted cross section (Figure 2) illustrates the difference in assay results and geology
between holes MO-G-10R and MO-G-11R. Hole MO-G-10R includes an isolated interval of moderate grade Cu,
has no significant Pb or Zn and is hosted by sandstone. Hole MO-G-11R includes two intervals of significant Cu
and five zones of highly anomalous Pb/Zn, hosted mainly by green/grey siltstone.
A WNW trending fault is interpreted from magnetics (Figures 3 and 4) which may explain the apparent offset
of mineralised siltstone north of the interpreted fault from the relatively barren sandstones MO-G-10R south
of the fault. Drill logs for holes MO-G-12R and MO-G-13R show strong similarities with MO-G-11R.
Interpretation of the geology, structure and geometry of the near surface Cu/Pb/Zn mineralisation at T3 is
still at a very early stage. The results from diamond drilling will provide higher quality geological and assay
data and the capacity to test deeper targets within the 25km long interpreted T3 Dome. Diamond drill hole
MOG-01D is in progress to test an inferred DHEM conductor modelled at >200m depth and MOG-02D is
expected to provide information on the sulphide mineralisation in MO-G-11R and test the south side of an
interpreted fault (Figure 2).
The MOD/MTR joint venture now has one RC drill rig and two diamond core drill rigs on site supported by a
strengthened geological team to manage the T3 Project. This enables the joint venture to start testing the
potential along strike from the area of current drilling (Figure 3). The first two drill holes in this program
(MO-G-14R and MO-G-15R) have intersected wide zones of visible disseminated Cu/Pb/Fe sulphides 100m
west and east of the current drill section. Results are still being interpreted and assays are not yet available.
Figure 3: Magnetic image of part of interpreted T3 Dome showing area of current drilling (white square)
and approximate outlines of 4-5km long soil anomalies based on previous data (Red - Cu, Black - Pb, Yellow - Zn)
BOTSWANA COPPER/SILVER PROJECT UPDATE
HIGH Cu ASSAYS AND SIGNIFICANT Pb/Zn INTERSECTIONS CONFIRM T3 DISCOVERY
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Figure 4: Magnetic image showing interpreted T3 Dome and area of current drilling
Figure 5: Kalahari Copper Belt showing location of T3 and other regional targets on joint venture and MOD 100%licences
BOTSWANA COPPER/SILVER PROJECT UPDATE
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Drill Hole ID
Collar Collar
Azi Dip
EOH
UTM East UTM North m
MO-G-10R 636268 7641598 335 -60 150
MO-G-11R 636247 7641653 335 -60 199
MO-G-12R 636231 7641710 335 -60 130
MO-G-13R 636214 7641765 335 -60 173
MO-G-14R 636118 7641743 160 -60 170
MO-G-15R 636309 7641791 160 -60 158​

Table 1: