Announcement PDF ASX ANNOUNCEMENT: ASX: DAL 9 November 2023 Goodbody Prospect Bolstered & New Gold Prospect at Lyons River Project - Updated Dalaroo Metals Ltd (ASX: DAL, “Dalaroo” or “Company”) refers to the announcement titled Goodbody Prospect Bolstered & New Gold Target at Lyons River Project that was lodged with ASX on 8 November 2023. The announcement has been updated to identify that Turbo Well is a new gold prospect and not an exploration target. Attached is a copy of the updated announcement. ENDS For more Information: Please visit our website for more information: www.dalaroometals.com.au Harjinder Kehal, Managing Director on +61 400 044 890 Authorised for release to the ASX by the Board of Dalaroo Metals Ltd. ASX ANNOUNCEMENT ASX: DAL 9 November 2023 Goodbody Prospect Bolstered & New Gold Prospect at Lyons River Project _____________________________________________________________________________ Highlights Gold-bearing, outcropping quartz veins now defined over 200m strike length at Goodbody West. • Higher grade rock-chip gold assay results received to date at Goodbody include: o 6.25g/t Au – sample # CW1072 o 5.52g/t Au – sample # LR230103_3 o 1.70g/t Au – sample # LR230525_21 o 1.42g/t Au – sample # LR230103_10 o 0.99g/t Au – sample # LR230103_1 o 0.57g/t Au – sample # LR230616_51 • Goodbody gold soil geochemical anomaly extends over a strike length of 6km with peak values of 132ppb Au at Goodbody West, 93ppb Au at Goodbody Central and 50ppb at Goodbody East. • New gold prospect identified at Turbo Well with gold-in-soil anomalism extending over a strike length of 2km with peak value of 47ppb Au. • Heritage surveys completed at Goodbody and POW approvals in place to allow for drill testing. _____________________________________________________________________________ • Dalaroo Metals Ltd (ASX: DAL or “Company”) is pleased to announce that gold mineralisation in outcropping quartz veins at the Goodbody West Prospect has been bolstered by recent results from further systematic sampling (Figures 1 and 2). Infill soil sampling has outlined robust gold in soil anomalies with peak gold values of 132 ppb Au at Goodbody West, 93ppb Au at Goodbody Central and 50ppb Au at Goodbody East, complemented by outcropping, mineralized, gold-rich quartz veins (Tables 2 to 4). The footprint of the gold mineralized rock-chips within the broader Goodbody Prospect lie within a broader, 6km long, gold in soil anomaly at 2ppb threshold (Figure 2). Dalaroo’s Managing Director, Harjinder Kehal, commented: “High-grade, gold-bearing, outcropping quartz veins now defined over 200m strike length at Goodbody West by Dalaroo Metals, are showing that the larger 6km Goodbody soil geochemical presents a great opportunity for a virgin-discovery gold deposit at our Lyons River Project in the Gascoyne Province”. Technical Commentary Goodbody At Goodbody infill and close spaced systematic soil sampling completed has defined the following: • Goodbody West gold in soil anomaly above 10ppb Au has been defined over a strike length of 450m. • Goodbody Central gold in soil anomaly above 10ppb Au has been defined over a strike length of 300m. • Goodbody East gold in soil anomaly above 10ppb Au has been defined over a strike length of 500m. The sampled quartz veins are typically 5-30cm thick and are comprised of mainly quartz with minor biotite and locally, ferruginous oxide phases. They form sub-parallel to the pervasive structural fabric within foliation planes and commonly contain internal breccia zones consisting of Fe-oxide and silicarich matrices, surrounding fragmented quartz vein clasts. The samples were composed of either vein material, the adjacent wall rocks, or a combination of both. At Goodbody West, gold concentrations including 1.42g/t, 1.70g/t and 5.52g/t from Dalaroo’s sampling (Table 1; Figure 1) have been returned from a particular set of quartz veins, hosted within a metasedimentary rock package comprising pelitic schist, siliceous chert, ironstone and BIF-style units. Historic rock chip sampling of quartz veins in this area returned up to 6.25g/t Au. In the Goodbody Central target area, pelitic schists are the dominant host rocks but zones of iron-oxide-rich, siliceous vein breccias and quartz-biotite-altered wall rocks are also prevalent (e.g. sample 230105_23, 0.48g/t Au). (Refer DAL ASX Announcements from 1 February 2023). Figure 1. Location of recent rock chip samples within the Goodbody gold prospect area and soil geochemical anomalies. Overlaid on greyscale Total Magnetic Intensity (TMI)1VD basemap imagery. It is noted that high-tenor soil anomalies and multiple rock-chip assays up to 5.52g/t Au (5520 ppb Au) associated with the Goodbody West, Central and East targets spatially coincide with intersections between interpreted WNW and NNE-trending structures (Figures 1 and 2). Such structural intersection zones represent potential zones of intensified deformation, that may be associated with favourable sites of hydrothermal fluid movement and gold mineralization. As such, the Goodbody gold targets are considered high priority for follow-up exploration work. (Refer DAL ASX Announcements from 28 November 2022 and 1 February 2023). Figure 2: Goodbody West gold prospect and interpreted regional structures. Overlaid on greyscale Total Magnetic Intensity (TMI) 1VD base map. In this figure white text refers to rock chip assay values and black text refers to soil assays values. Turbo Well A new gold prospect has been outlined at Turbo Well with gold-in-soil anomalism extending over a strike length of 2km, adjacent to a regional ESE structural trend (Figure 3). A peak value of 47ppb Au is defined from results of both historical soil sampling and follow-up sampling by Dalaroo this year (Table 5). Figure 3: Location of Goodbody prospect in relation to additional gold prospects and interpreted regional structures within Lyons River Project area. Overlaid on greyscale Total Magnetic Intensity (TMI) 1VD base map. Next Steps at Goodbody With the completion of the heritage surveys over Goodbody West, Goodbody Central and Goodbody East and POW approvals in place, a focused air-core and/or shallow RC drill program is proposed. Further systematic soil sampling is proposed at the 2km strike length Turbo Well prospect. In addition, rock-chip sampling will be undertaken of outcropping quartz veins to outline the surface expression of the gold mineralisation. ENDS For more Information: Please visit our website for more information: www.dalaroometals.com.au Harjinder Kehal, Managing Director on +61 400 044 890 Authorised for release to the ASX by the Board of Dalaroo Metals Ltd COMPETENT PERSON The information in this report that relates to Exploration results is based on information compiled by Dalaroo Metals Ltd and reviewed by Mr Harjinder Kehal who is the Managing Director of the Company and is a Registered Practicing Geologist and Member of the AusIMM and AIG. Mr Kehal has sufficient experience that is relevant to the style of mineralisation, the type of deposit 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”. Mr Kehal consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. FORWARD-LOOKING INFORMATION This report may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning the planned exploration program and other statements that are not historical facts. When used in this report, the words "could", "plan", "estimate", "expect", "intend", "should" and similar expressions are forward-looking statements. Although Dalaroo believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. CAUTIONARY NOTE The statements and information contained in this report are not investment or financial product advice and are not intended to be used by persons in deciding to make an investment decision. In releasing this report, Dalaroo has not considered the objectives, financial position or requirements of any particular recipient. Accordingly, potential investors should obtain financial advice from a qualified financial advisor prior to making an investment decision. NO NEW INFORMATION Except where explicitly stated, this announcement contains references to prior exploration results, all of which have been cross-referenced to previous market announcements made by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements. ASX: DAL 12 September 2022 About the Lyons River Project Lyons River is located approximately 1,100km north of Perth and approximately 220 km to the northeast of the coastal town of Carnarvon, Western Australia. The Lyons River Project lies within the Mutherbukin Zone of the Gascoyne Province, which is the deformed and high-grade metamorphic core zone of the early Proterozioc Capricorn Orogen (Figure 4). Figure 4: Lyons River Project location diagram Table 1: Lyons River Project, Goodbody West prospect rock chip samples gold values above 50ppb Sample ID LR230504_3 LR230503_4 LR230503_5 LR230525_15 LR230525_16 LR230525_17 LR230525_20 LR230525_21 LR230525_24 LR230525_27 LR230616_6 LR230616_16 LR230616_17 LR230616_21 LR230616_22 LR230616_25 LR230616_26 LR230616_36 LR230616_41 LR230616_45 LR230616_51 LR230616_56 LR230617_2 LR230617_3 LR230617_10 LR230617_11 EAST 366223 364938 364931 364936 364931 364932 364930 364928 364902 364900 364960 364980 364980 364984 365000 365000 365000 365138 364880 364880 368460 368460 364800 364800 364780 364780 NORTH 7283541 7284134 7284126 7284147 7284138 7284126 7284096 7284085 7284130 7284100 7284110 7284100 7284090 7284114 7284130 7284100 7284090 7284070 7284130 7284090 7284140 7284080 7284150 7284140 7284160 7284150 Au ppb 72 156 134 160 58 122 356 1700 132 180 68 151 59 83 287 55 69 94 55 59 568 94 180 141 195 187 Au ppb Repeat 56 51 Au g/t 0.07 0.16 0.13 0.16 0.06 0.12 0.36 1.70 0.13 0.18 0.07 0.15 0.06 0.08 0.29 0.06 0.07 0.09 0.06 0.06 0.57 0.09 0.18 0.14 0.20 0.19 Table 2: Lyons River Project, Goodbody West prospect anomalous soil gold values above 10ppb from Dalaroo Metals sampling Sample ID EAST NORTH Au ppb Prospect Area LRS4030 364850 7284100 54 Goodbody West LRS4032 364850 7284150 16 Goodbody West LRS4033 364850 7284050 12 Goodbody West LRS4049 364750 7284100 16 Goodbody West LRS4174 365000 7284100 38 Goodbody West LRS4485 364775 7284050 10 Goodbody West LRS4486 364775 7284075 10 Goodbody West LRS4487 364775 7284100 12 Goodbody West LRS4488 364775 7284125 22 Goodbody West LRS4489 364775 7284150 46 Goodbody West LRS4490 364775 7284175 14 Goodbody West LRS4491 364725 7284175 32 Goodbody West LRS4492 364725 7284150 28 Goodbody West LRS4493 364725 7284125 14 Goodbody West LRS4495 364725 7284075 16 Goodbody West LRS4498 364925 7284025 10 Goodbody West LRS4499 364925 7284050 16 Goodbody West LRS4501 364925 7284075 30 Goodbody West LRS4502 364925 7284100 36 Goodbody West LRS4503 364925 7284125 44 Goodbody West LRS4504 364925 7284150 30 Goodbody West LRS4507 364875 7284150 10 Goodbody West LRS4508 364875 7284125 132 Goodbody West LRS4509 364875 7284100 54 Goodbody West LRS4510 364875 7284075 18 Goodbody West LRS4512 364875 7284025 10 Goodbody West LRS4513 364825 7284025 24 Goodbody West LRS4514 364825 7284050 12 Goodbody West LRS4515 364825 7284075 20 Goodbody West LRS4555 365025 7284175 17 Goodbody West LRS4556 365025 7284150 22 Goodbody West LRS4557 365025 7284125 25 Goodbody West LRS4558 365025 7284100 16 Goodbody West LRS4560 365025 7284050 57 Goodbody West LRS4562 364975 7284025 16 Goodbody West LRS4563 364975 7284050 14 Goodbody West LRS4564 364975 7284075 24 Goodbody West LRS4565 364975 7284100 72 Goodbody West LRS4566 364975 7284125 34 Goodbody West Table 3: Lyons River Project, Goodbody Central prospect anomalous soil gold values above 10ppb from Dalaroo Metals sampling. Sample ID LRS0071 LRS4116 LRS4128 LRS4473 LRS4474 LRS4475 LRS4476 LRS4477 LRS4478 LRS4483 LRS4524 LRS4525 LRS4526 LRS4534 LRS4535 LRS4536 LRS4537 LRS4538 LRS4539 LRS4540 LRS4541 LRS4542 LRS4543 LRS4547 LRS4548 LRS4549 EAST 366100 366200 366200 366225 366225 366225 366225 366225 366225 366225 366075 366075 366075 366125 366125 366125 366125 366125 366175 366175 366175 366175 366175 366200 366200 366200 NORTH Au ppb 7283400 93 7283500 57 7283450 14 7283575 12 7283550 30 7283525 38 7283500 24 7283475 20 7283450 16 7283325 10 7283425 17 7283450 12 7283475 17 7283550 12 7283525 26 7283500 22 7283475 12 7283450 10 7283450 11 7283475 15 7283500 59 7283525 36 7283550 17 7283550 35 7283525 39 7283475 21 Prospect Area Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Goodbody Central Table 4: Lyons River Project, Goodbody East prospect anomalous soil gold values above 10ppb from Dalaroo Metals sampling. Sample ID LRS0103 LRS0104 LRS2561 LRS2562 LRS4060 LRS4065 LRS4067 LRS4068 LRS4080 LRS4699 LRS4710 LRS4718 LRS4719 LRS4720 LRS4721 LRS4722 LRS4723 LRS4724 LRS4725 LRS4738 LRS4739 LRS4740 LRS4741 LRS4745 LRS4746 LRS4747 LRS4748 LRS4750 LRS4763 LRS4764 LRS4765 LRS4766 LRS4769 LRS4776 LRS4777 LRS4891 LRS4895 LRS4896 LRS4897 LRS4908 LRS4909 LRS4910 LRS4911 EAST NORTH Au ppb Prospect Area 366600 7283500 11 Goodbody East 366600 7283600 12 Goodbody East 366850 7283600 15 Goodbody East 366850 7283500 18 Goodbody East 366950 7283600 22 Goodbody East 366800 7283550 24 Goodbody East 366850 7283450 22 Goodbody East 366800 7283450 12 Goodbody East 366700 7283550 10 Goodbody East 366975 7283600 10 Goodbody East 366925 7283575 12 Goodbody East 366875 7283400 11 Goodbody East 366875 7283425 44 Goodbody East 366875 7283450 20 Goodbody East 366875 7283475 11 Goodbody East 366875 7283500 13 Goodbody East 366875 7283525 15 Goodbody East 366875 7283550 20 Goodbody East 366875 7283575 16 Goodbody East 366825 7283525 22 Goodbody East 366825 7283500 21 Goodbody East 366825 7283475 16 Goodbody East 366825 7283450 28 Goodbody East 366775 7283425 12 Goodbody East 366775 7283450 10 Goodbody East 366775 7283475 50 Goodbody East 366775 7283500 10 Goodbody East 366775 7283550 20 Goodbody East 366725 7283550 16 Goodbody East 366725 7283525 18 Goodbody East 366725 7283500 22 Goodbody East 366725 7283475 21 Goodbody East 366725 7283400 12 Goodbody East 366675 7283550 17 Goodbody East 366675 7283575 28 Goodbody East 366625 7283675 10 Goodbody East 366625 7283575 25 Goodbody East 366625 7283550 18 Goodbody East 366625 7283525 11 Goodbody East 366575 7283500 16 Goodbody East 366575 7283525 15 Goodbody East 366575 7283550 26 Goodbody East 366575 7283575 23 Goodbody East Table 5: Lyons River Project, Turbo Well prospect anomalous soil gold values above 10ppb. Sample ID EAST NORTH Au ppb Prospect Area Company LRS0500 376100 7284500 15 Turbo well Serena Minerals Limited LRS0537 374600 7285300 47 Turbo well Serena Minerals Limited LRS0538 375120 7285200 10 Turbo well Serena Minerals Limited LRS0539 375100 7285300 12 Turbo well Serena Minerals Limited LRS0540 375100 7285400 10 Turbo well Serena Minerals Limited LRS0575 375600 7284600 34 Turbo well Serena Minerals Limited LRS4797 376200 7284950 10 Turbo well Dalaroo Metals Ltd LRS4801 376200 7285100 15 Turbo well Dalaroo Metals Ltd LRS4932 375000 7285300 10 Turbo well Dalaroo Metals Ltd LRS4957 374700 7285300 10 Turbo well Dalaroo Metals Ltd Appendix 1: Dalaroo Metals Ltd – Air core (AC) Drilling Program Lyons River Project – Browns prospect - JORC Code Edition 2012: Table 1 Section 1: Sampling Techniques and Data (Criteria in this section apply to all succeeding sections) Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld x-ray fluorescence (XRF) instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Rock chip and soil sampling Rock chip sampling mainly comprised quartz with minor biotite and, locally, ferruginous oxide phases. Include reference to measures taken to ensure Soil samples are generally homogenised by the sample representivity and the appropriate collection process. Entire sample was submitted calibration of any measurement tools or systems for sample prep and assay. used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. Drilling techniques Rock chip sample size of 1-4 kg. For soil sampling, at the selected sample site, a small hole is dug to a depth of approximately 20 cm. The soil material at the base of the hole was sieved, and approximately 2kg of –2mm soil material was collected into a numbered calico bag. Rock chip and soil sampling results are a first pass exploration technique that can assist in vectoring toward mineralisation. Drill type (e.g. core, reverse circulation, open- No drilling results reported hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, by what method, etc.). Criteria JORC Code explanation Commentary Drill sample recovery Method of recording and assessing core and chip No drilling results reported. sample recoveries and results assessed. Measures taken to maximise sample recovery No drilling results reported. and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias No drilling results reported. may have occurred due to preferential loss/gain of fine/coarse material. Logging Whether core and chip samples have been Sample type and landform/regolith settings were geologically and geotechnically logged to a level recorded, and geo-tagged photos of samples and of detail to support appropriate Mineral settings taken. Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in No drilling results reported. nature. Core (or costean, channel, etc.) photography. The total length and percentage of the relevant intersections logged. Subsampling techniques and sample preparation If core, whether cut or sawn and whether Soil samples were sieved to collect the -2 mm fraction. quarter, half or all core taken. If non-core, whether riffled, tube sampled, Representative rock samples were collected. rotary split, etc and whether sampled wet or dry. All samples were dry. For all sample types, the nature, quality and Sample preparation of samples follows industry appropriateness of the sample preparation best practice standards and is conducted by internationally recognized laboratories; i.e. technique. Oven drying, jaw crushing and pulverising so that Quality control procedures adopted for all 90% passes -75 microns subsampling stages to maximise representivity of samples. There was no sub-sampling Measures taken to ensure that the sampling is Soil sampling completed on a regular grid line representative of the in-situ material collected, spacings to ensure representative sampling of including for instance results for field area being assessed. duplicate/second-half sampling. Entire rock sample was submitted for multiWhether sample sizes are appropriate to the element assay and sample size is considered grain size of the material being sampled. appropriate for the material being sampled. Entire soil sample submitted for assay and sample size is considered appropriate for the material being sampled. Criteria JORC Code explanation Commentary Quality of assay The nature, quality and appropriateness of the Rock chip samples have been submitted to data and assaying and laboratory procedures used and Bureau Veritas Laboratories for Au fire assay laboratory tests whether the technique is considered partial or analysis total. For geophysical tools, spectrometers, handheld Au has been determined by Inductively Coupled XRF instruments, etc, the parameters used in Plasma (ICP) Mass Spectrometry. determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. Verification of sampling and assaying The verification of significant intersections by Anomalous geochemical thresholds either independent or alternative company determined by a senior geologist personnel. The use of twinned holes. were None drilled. Documentation of primary data, data entry procedures, data verification, data storage All field data was manually collected, entered (physical and electronic) protocols. into excel spreadsheets, validated and loaded Discuss any adjustment to assay data. into Access database and processed by a number of different exploration software. None required Location of data points Accuracy and quality of surveys used to locate All samples collected are located using a drillholes (collar and downhole surveys), handheld GPS. trenches, mine workings and other locations used in Mineral Resource estimation. Grid system used for geochemical sampling is Specification of the grid system used. GDA94 Zone 50 Quality and adequacy of topographic control. For geochemical sampling nominal RLs based on regional topographic data sets and handheld GPS. Data spacing Data spacing for reporting of Exploration Rock chip sampling spacing based on and distribution Results. geology/structural framework. Whether the data spacing and distribution is Soil sampling on 100m X 50m and 50m X 25m sufficient to establish the degree of geological spacing based on geology/structural framework and grade continuity appropriate for the MRE not being reported. Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. Criteria JORC Code explanation Commentary Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. Soil sample lines were orientated approximately perpendicular to the geological strike and strike of the interpreted major structures. Given the topography and early stage of exploration, the sampling orientation is not considered to introduce a bias to the interpretation of the data. Rock chip sampling was of a reconnaissance nature only and was not designed to achieve unbiased sampling. If the relationship between the drilling No drilling results reported. orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. Sample security The measures taken to ensure sample security. Audits or reviews Samples were collected into labelled polyweave sacks which were sealed by cable ties. The polyweave sacks were placed in bulka-bags and transported to the laboratory by freight company. Once the samples arrived at the laboratory, the samples numbers were checked against the sample submission form and no errors were identified. The results of any audits or reviews of sampling As part of the interpretation of the data the techniques and data. Company’s geologist undertook a review of the assay data quality, including laboratory batch effects. No significant biases were identified. Section 2: Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The Lyons River Project tenements are wholly owned by Dalaroo Metals Limited (“Dalaroo”) The Project is located 220km north-east of Carnarvon on Eudamullah Pastoral Station. The Competent Person is unaware of any The security of the tenure held at the time of impediments to development of these reporting along with any known impediments to tenements. obtaining a licence to operate in the area. Criteria JORC Code explanation Commentary Exploration done by other parties Acknowledgment and appraisal of exploration by Exploration of Lyons River has previously been other parties. undertaken by other parties including Audalia Resources and Serena Minerals and the Competent Person has referenced the parties involved and the results of this work throughout the text. Audalia Resources and Serena Minerals undertook exploration with a focus on base metals during the period 2013 to 2021. Work completed regional geological mapping, geophysical surveys, rock chip sampling, stream sediment sampling and soil sampling. Geology Deposit type, geological setting, and style of The tenements are located in the Mutherbukin mineralisation. zone of the Gascoyne Province. The majority of the tenement area is interpreted to be dominated by a sequence undifferentiated schists, gneiss and granites of the Durlacher Suite (Davey Well Granite) and Thirty Three Supersuite granitic pegmatites The mineralisation style being sought is quartz vein and shear hosted gold deposits. Drillhole information A summary of all information material to the No drillholes are reported. understanding of the exploration results including a tabulation of the following information for all Material drillholes: • easting and northing of the drillhole collar • elevation or RL (Reduced Level – elevation above sea level in metres) of the drillhole collar • dip and azimuth of the hole • down hole length and interception depth • hole length. If the exclusion of this information is justified on The plan provided in the body of the report the basis that the information is not Material and identifies the location of the rock chip sampling this exclusion does not detract from the sites. understanding of the report, the Competent Person should clearly explain why this is the case. Criteria JORC Code explanation Commentary Data aggregation methods In reporting Exploration Results, weighting No metal equivalent values have been reported. averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. Relationship between mineralisation widths and intercept lengths These relationships are particularly important in No mineralisation widths have been reported. the reporting of Exploration Results. Diagrams Appropriate maps and sections (with scales) and Appropriate maps displaying all the data points tabulations of intercepts should be included for and anomalous values are provided in the body any significant discovery being reported These of the report. should include, but not be limited to a plan view of drillhole collar locations and appropriate sectional views. Balanced reporting Where comprehensive reporting of all The reporting of exploration results is considered Exploration Results is not practicable, balanced by the competent person. representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Other substantive exploration data Other exploration data, if meaningful and No other exploration to report. material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. If the geometry of the mineralisation with respect to the drillhole angle is known, its nature should be reported. If it is not known and only the downhole lengths are reported, there should be a clear statement to this effect (e.g. ‘downhole length, true width not known’). Criteria JORC Code explanation Further work The nature and scale of planned further work Appropriate plans for further work are p