Ironstone Well-Barwidgee Project

Overview

• Located along the western flank of the Tier 1 Yandal Greenstone Belt
• Strategically positioned 30km from Jundee and 38km from Wiluna with nearby haulage infrastructure
• Includes important regional structures and numerous subordinate structures with demonstrated gold potential
• Flushing Meadows has MRE of 268koz
• Less than 2% outcrop
• Deep weathering (>100m in places)
• Less than 6% of historic holes >100m
• Much of the tenure has yet to be effectively explored!

Targeting Strategy

• Focus on prospects with large scale potential i.e. a discovery will “move the dial”
• Define areas where past exploration has been ineffective (shallow AC/RAB “pattern drilling”)
• Identify key structures (first order and subordinate)
• Locate areas favourable for gold deposition:
  • Potential for brittle-ductile deformation
  • Iron rich lithologies
  • Competency contrasts
  • Flexures and cross-structures
• Prioritise targets and drill test

Ironstone Well Gold Camp

The Ironstone Well Gold Camp (IWGC”) comprises a group of high priority advanced  prospects within a 5km radius which together have large scale potential.

IWGC Initial Exploration Target:*

• 7.9 to 23.0Mt, grading between 1.3 to 1.6 g/t Au, for 0.32Moz to 1.17Moz
• Exploration Target does not include the current Inferred Resource at Flushing Meadows of 268,000oz @ 1.1g/t Au
• Three high potential target areas currently being assessed; Oblique, Quarter Moon and Flushing Meadows

*The potential quantity and grade of the exploration target is conceptual in nature and, therefore, is an approximation. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to ASX Announcement of 25/10/2023 for details.

Oblique

• > 1.9km long system along the Barwidgee Shear
• Intercepts include:
• 8m @ 2.7g/t Au from 86m (CYPFRC15)
• 6m @ 3.0g/t Au from 35m (CYPIWR294)
• Open down-dip and along strike and parallel lode positions

Quarter Moon

• > 1.5km long system along Moilers Fault
• Intercepts include:
• 3m @ 11.0g/t Au from 80m (CYPFRC6)
• 6m @ 3.4g/t Au from 142m (GCMQTMC6)
• 12m @ 2.0g/t Au from 5m (YRLRC479)
• Open down-dip and along strike

Flushing Meadows

• Inferred Resource 268,000oz @ 1.1g/t Au
  Further potential down dip, along strike and in parallel lode positions.

New England Granite

Potential to define a large scale “granite-margin” type deposit

• 4.4 x 2km km long granitic intrusion with strongly anomlous gold along eastern margin
• Similar setting to other gold deposits in Yilgarn Block (e.g. King of the Hills, Ramone, Montague)
• Historic gold workings and gold-in drilling along margins and internally1
• 6m @ 0.8 g/t Au from 56m (NEWBEMC0040)
• 13m @ 0.7g/t Au from 32m, including 5m @ 1.6 g/t Au from 38m, 3m @ 2.0g/t Au from 62m and 29m @ 0.4g/t Au from 160m (EOH) (NEWBEMC0041)
• 24m @ 0.8 g/t Au from 36m (NEWBEMA1321)

New England Granite Exploration Target

• 5.0 to 15.6Mt, grading between 0.75 to 1.2 g/t Au, for 0.12Moz to 0.60Moz

*The potential quantity and grade of the exploration target is conceptual in nature and, therefore, is an approximation. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Refer to ASX Announcement of 25/10/2023 for details.