Mineral Resources

Mineral Resource Estimate for the Kundip Deposits, Ravensthorpe Gold Project

Kundip – December 2019 Indicated Inferred Total
COG Tonnes Au g/t Au oz Tonnes Au g/t Au oz Tonnes Au g/t Au oz
Kaolin OC 0.5 g/t 5,308,544 1.6 265,800 969,013 1.7 53,200 6,277,557 1.6 318,900
UG 2.00 g/t 33,731 5.0 5,500 42,894 8.3 11,600 76,624 6.9 17,000
Total 5,342,274 1.6 271,200 1,011,907 2.0 64,700 6,354,181 1.6 336,000
Harbour View OC 0.5 g/t 633,735 3.9 79,500 119,968 2.0 7,900 753,704 3.6 87,300
UG 2.00 g/t 145,887 5.4 25,200 203,347 4.9 32,400 349,234 5.1 57,500
Total 779,622 4.2 104,700 323,315 3.9 40,200 1,102,938 4.1 144,800
Flag OC 0.5 g/t 467,446 4.2 63,300 104,725 4.8 16,200 572,171 4.3 79,400
UG 2.00 g/t 58,119 8.9 16,600 279,375 4.9 44,000 337,494 5.6 60,600
Total 525,565 4.7 79,900 384,100 4.9 60,200 909,665 4.8 140,100
Sub-total OC 0.5 g/t 6,409,724 2.0 408,500 1,193,706 2.0 77,200 7,603,431 2.0 485,700
UG 2.00 g/t 237,737 6.2 47,200 525,616 5.2 87,900 763,353 5.5 135,500
TOTAL 6,647,462 2.1 455,700 1,719,322 3.0 165,100 8,366,783 2.3 620,800

The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages are dry metric tonnes. Minor discrepancies may occur due to rounding to appropriate significant figures.

Competent Persons & Qualified Persons Statement:

The information that relates to the Estimation and Reporting of Mineral Resources has been compiled by Ms Lisa Bascombe BSc (Geology). Ms. Bascombe is a full-time employee of Mining Plus Pty Ltd and has acted as an independent consultant on the Kaolin, Harbour View and Flag Deposit Mineral Resource estimations. Ms. Bascombe is a Member of the Australasian Institute of Geologists (3520) and has sufficient experience with the style of mineralisation, the deposit type under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Ms. Bascombe consents to the inclusion in this report of the contained technical information relating the Mineral Resource Estimation in the form and context in which it appears.

The information that relates to the data review and validation, drilling, sampling and the geological interpretation has been compiled by Mr David Groombridge, Msc (Economic Geology), MAusIMM . Mr Groombridge is a full-time employee of ACH Minerals Pty Ltd and was responsible for the generation and presentation of the data that informed the subsequent work of Mining Plus Pty Ltd on the Kaolin, Harbour View and Flag Deposit Mineral Resource estimation. Mr Groombridge is a Member of the Australasian Institute of Mining and Metallurgy (326714) and has sufficient experience with the style of mineralisation, the deposit type under consideration and to the activities for which he was responsible, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mr Groombridge consents to the inclusion in this report of the technical information relating to data review and validation, drilling, sampling and the geological interpretation in the form and context in which it appears.


Mineral Resource Estimate for the Trilogy Deposit, Jerdacuttup Project 
March 2018

Trilogy – March 2018 Tonnes Au g/t Ag g/t Cu % Pb % Zn %
OC (Cu_Eq > 0.5%) Oxide Indicated 129,000 2.4 85.3 0.5
Inferred 336,000 1.9 71.7 0.1
Trans/Fresh Indicated 4,452,000 0.8 52.6 1.4 2.8 1.6
Inferred 611,000 0.7 55.0 0.6 1.3 0.9
UG (Cu_Eq > 2.5%) Trans/Fresh Indicated 29,000 2.7 20.8 1.3 0.6 0.5
Inferred 18,000 1.5 20.2 1.4 0.3 1.1
Indicated 4,610,000 0.9 53.3 1.4 2.7 1.6
Inferred 965,000 1.1 60.2 0.5 0.9 0.6
TOTAL 5,575,000 0.9 54.5 1.2 2.4 1.4
Au oz Ag oz Cu t Pb t Zn t
OC (Cu_Eq > 0.5%) Oxide Indicated 9,954 353,777 593
Inferred 20,525 774,549 336
Trans/Fresh Indicated 114,508 7,528,902 61,438 125,101 71,677
Inferred 13,751 1,080,425 3,788 8,187 5,255
UG (Cu_Eq > 2.5%) Trans/Fresh Indicated 2,517 19,393 371 177 133
Inferred 868 11,690 248 59 202
Indicated 126,979 7,902,072 62,402 125,278 71,811
Inferred 35,144 1,866,665 4,373 8,247 5,456
TOTAL 162,123 9,768,737 66,775 133,525 77,267

The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages are dry metric tonnes. Minor discrepancies may occur due to rounding to appropriate significant figures.

Competent Persons & Qualified Persons Statement:

The information in this release that relates to the Estimation and Reporting of Mineral Resources has been compiled by Mr Richard Buerger BSc (Geology). Mr Buerger is a full-time employee of Mining Plus Pty Ltd and has acted as an independent consultant on the Trilogy Polymetallic Deposit Mineral Resource estimation. Mr Buerger is a Member of the Australasian Institute of Geologists (MAIG) and has sufficient experience with the style of mineralisation, the deposit type under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mr Buerger consents to the inclusion in this report of the contained technical information relating the Mineral Resource Estimation in the form and context in which it appears.

The information in this report that relates to the data review and validation, drilling, sampling, geological interpretation and 3-dimensional solid modelling used in the Estimation and Reporting of Mineral Resources is based on information compiled under the direction of Mr Aaron Wehrle B.App.Sc Hons (Geology). Mr Wehrle is a full-time employee of ACH Nickel Pty Ltd and has acted as a consultant to ACH Minerals Pty Ltd. Mr Wehrle was responsible for the generation and presentation of the data that informed the subsequent work of Mining Plus Pty Ltd on the Trilogy Polymetallic Deposit Mineral Resource estimation. ACH Nickel Pty Ltd and ACH Minerals Pty Ltd have common shareholders but are otherwise independent companies. Mr Wehrle is a Member of the Australasian Institute of Mining and Metallurgy (226106) and has sufficient experience that is relevant to the style of mineralisation, the deposit type under consideration and to the activities for which he was responsible, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mr Wehrle consents to the inclusion in this report of the information that relates to the data review and validation, drilling, sampling, geological interpretation and 3-dimensional solid modelling in the form and context in which it appears.