PROFOUND FEASIBILITY STUDY, page-14

ASX ann. 30/09/20:
“Our exploration program at Livingstone will run concurrently with ongoing mining studies at the flagship
3.2Moz Misima Gold Project in Papua New Guinea, where excellent progress is being made. As a result of
Covid-19 related travel restrictions, we suspended drilling at Misima in late March, we are now well advanced
with plans to re-commence drilling at Misima and look forward to updating the market on this in the near
future.”
Next Steps
The final results (Table 1), together with previously reported results (see ASX announcements, 20 August
2020 and 14 September 2020) and data from the favourable preliminary metallurgical test work (see ASX
announcement 21 October 2019) and the structural review (see ASX announcement 5 February 2020) is
expected to underpin a maiden JORC compliant MRE for the Kingsley Prospect, work on which is anticipated
to commence during the December 2020 Quarter.
A drill rig is currently on site undertaking co-funded drilling at Stanley through R21 of the WA Government
Exploration Incentive Scheme. This will be followed by a ~1,500m RC program at the Homestead Deposit,
which hosts an historical shallow 49,900oz Au (JORC 2004) Inferred Resource, and the high-grade Winja
prospect to the south (Figure 6).
Previously reported results from 2017 RC drilling program at Homestead included KLAC005: 7m @ 12.49g/t
Au from 35m, including 4m @ 19.56g/t Au from 35m with the mineralisation remaining open along strike
to the east (see ASX Announcement 12 April 2017).
Prior results at Winja included KLRC014: 18m @ 3.03g/t Au from 55m, including 7m @ 5.15g/t Au from
49m in a chute-like structure of high-grade mineralisation (see ASX announcement 17 July 2017).
A number of anomalous 4m composites samples from the recent round of drilling at Kingsley are to be
resampled in single metre intervals and submitted for analysis, with all results expected in late November
2020."