Criteria

JORC Code explanation

Commentary

Sampling techniques

Nature and quality of sampling (eg 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 XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems 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 (eg '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 (eg submarine nodules) may warrant disclosure of detailed information.

-180 micron soils samples (-100g) at nominal 15cm depth on 80m x 40m grid pattern.

+3.2mm lag samples (250g) collected on surface on a 80m x 40m grid pattern, where sample is present.

Drilling techniques

Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

Not Applicable. Soil and Lag sampling program only.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

Not Applicable. Soil and Lag sampling program only.

Logging

Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

The total length and percentage of the relevant intersections logged.

No logging of soil samples.

Lag samples are logged for character, abundance, fragment size and dominant rock type.

Sub-sampling techniques and sample preparation

• If core, whether cut or sawn and whether quarter, half or all core taken.

• If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

• For all sample types, the nature, quality and appropriateness of the sample preparation technique.

• Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

• Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

• Whether sample sizes are appropriate to the grain size of the material being sampled.

Soil samples were collected when the soil was dry, and sieved using -180 micron plastic mesh, approximately 100g of material was collected.

No duplicate soil samples were collected.

Lag samples were sieved to +3.2mm, and approximately 250g of material collected .All samples in mineralised zones were dry.

No duplicate lag samples were collected.

Quality of assay data and laboratory tests

• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

• For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

• Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

Certified and accredited global laboratory (Intertek-Perth).

No duplicate samples were collected. Internal certified laboratory QAQC is undertaken including check samples, blanks and internal standards.

No analytical bias has been detected. Soil samples are analysed using Intertek aqua regia digestion for gold, and multielements, on a 10g sub sample, via ICP-MS.

Lag samples are analysed using Intertek aqua regia digestion for gold, and multielements, on a 25g sub sample, via ICP-MS.

Laboratory preparation by Intertek included checks for fineness as part of

Criteria

JORC Code explanation

Commentary

their internal procedures to ensure the grind size of 85% passing 75 micron as being attained. Laboratory QAQC involves the use of internal laboratory standards using certified reference material, blanks, spits and duplicates as part of their in house procedures.

Verification of sampling and assaying

• The verification of significant intersections by either independent or alternative company personnel.

• The use of twinned holes.

• Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

• Discuss any adjustment to assay data.

Check assaying by a second laboratory has yet to be undertaken. Not Applicable. Soil and Lag sampling program only.

Field data is collected by qualified geologists and experienced field assistants and entered and then checked onsite for potential errors. Data is stored in in-house relational database with validation checks when imported into MapInfo software programs. Data is stored in Company's head office and off site. No adjustments are made to the data. Assay data is imported into the database directly from digital files supplied by Intertek.

Location of data points

• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

• Specification of the grid system used.

• Quality and adequacy of topographic control.

Samples sites are recorded using handheld GPS (accuracy of approximately +/- 5m).

All coordinates are in GDA 94, MGA Zone 51.

No topographic control used.

Data spacing and distribution

• Data spacing for reporting of Exploration Results.

• Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

• Whether sample compositing has been applied.

Current samples spacing's is 80m x 40m

Surface soil and lags sampling only, no Mineral Resource or Ore Reserve estimation has been undertaken.

No sample compositing has been applied.

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.

• If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

Sampling is collected on a grid basis, orientated perpendicular to the regional geological strike.

Sample security

• The measures taken to ensure sample security.

Samples are collected in individually numbered envelopes, sealed, and then collectively packaged into poly weave sacks, which are then sealed. Samples were delivered directly to the laboratory by on site geologist.

Audits or reviews

• The results of any audits or reviews of sampling techniques and data.

To date there has been no external audit of sampling techniques and data.

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 security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

The project is within Mining Leases M1501101 and M1501474, and

Exploration Licence E1500968 held 25% by Maximus Resources Ltd, and 75% by Tychean Resources Ltd These tenements are in good standing.

Criteria

JORC Code explanation

Commentary

Exploration done by other parties

• Acknowledgment and appraisal of exploration by other parties.

Initial work around the current gridded project area was by ACM Gold in 1990, followed by Spinifex Gold in 1997, and Resolute in 2000.

Ramelius Resources mined the Wattle Dam Gold Mine between 2008 and 2012

Geology

• Deposit type, geological setting and style of mineralisation.

The project is within a poorly outcropping Archaean volcano- sedimentary secession of felsic- intermediate volcanics and chemical sediments adjacent to the Spargoville Shear Zone. The Style of mineralisation is massive and disseminates gold mineralisation.

Drill hole Information

• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

  • easting and northing of the drill hole collar

  • elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole 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 basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

No drill hole information, only surface sampling undertaken

Data aggregation methods

• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg 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.

No intersections are reported.

No metal equivalents have been used in the reporting.

Relationship between mineralisation widths and intercept lengths

• These relationships are particularly important in the reporting of Exploration Results.

• If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

• If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

Grid based soil and lag sampling only

Diagrams

• Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

See figures attached to this report.

Balanced reporting

• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

All results available of significance have been reported within this report.

Other substantive exploration data

• Other exploration data, if meaningful and 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.

N/A

Further work

• The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

• Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

Further work planned is in fill sampling leading to drill program design.