Short Term Trading Weekend Lounge: 3 - 5 Dec, page-55

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    RR1:

    MAIDEN INFERRED RESOURCE
    BLUE HEAVEN PROSPECT
    PRIMROSE GOLD PROJECT



    Highlights

    o Total Inferred Mineral Resource of approximately 1.035 Mt @ 3.2g/t
    Au for 105,000oz Au (1.0g/t cut off) at the Blue Heaven Prospect

    o Includes a higher-grade component of approximately 0.582 Mt @
    4.7g/t Au for 87,000oz Au (1.5g/t cut off)

    o Primrose Gold Project comprises the Company’s Blue Heaven and
    Pansy Pit Prospects. Inferred Mineral Resource based solely on Blue
    Heaven

    o Significant potential upside exists via further drilling at the Pansy Pit
    Prospect

    o Mineral Resource restricted to 100m depth below surface due to
    insufficient detailed drilling at depth of the nuggetty natured
    mineralization

    o Preliminary desktop optimisation studies indicate strong potential for
    economic extraction of the majority of the mineral resource -
    approximately 784,000 tonnes at 3.6g/t Au for 92,000 ounces

    o Company can now pursue the monetisation of the Blue Heaven
    Resource

    o Further drilling required to further evaluate targets located down dip
    and along strike of untested historical workings (Exploration Target)
    and high-grade mineralisation down dip and plunge of the Mineral
    Resource below a depth of 100m below surface.

    For more info. refer to todays ann.
 
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