Registered Office: Level 16, Waterfront Place, 1 Eagle Street, Brisbane QLD 4000

Postal Address: GPO Box 3249, Brisbane QLD 4001

Contact Details: Telephone +61 7 3333 2722 Email: info@explaurum.com www.explaurum.com

28 March 2018

RC DRILLING OF PRIORITY GOLD SOIL TARGETS COMMENCES Highlights

• Initial RC drilling of gold soil anomalies around Gravity Targets 18 and 8 (respectively to the south and north of the Tampia resource within the eastern greenstone) has commenced.

• The gold soil anomaly over high priority Gravity Target 8 continues to grow and is now 4,600m long and 2,800m wide, with well defined north west and north east anomaly trends that have numerous samples over 0.1 g/t Au up to 0.8 g/t Au.

• The gold soil anomalies to the south of Tampia have been extended by 2,200m to the south, with the total length of the gold soil anomaly over the eastern greenstone sequence increasing from 10.0 km to 12.2 km.

• Significant arsenopyrite mineralisation (a key indicator of gold mineralisation at Tampia) has been intersected in the first deep diamond drill hole (THDD023) between 197m and 207m and 225m and 242m. This mineralisation is 250m outside the feasibility study pit area and down plunge to the south east from one of the high-grade shoots in the Tampia Resource area. This drill hole, drilled to test a large gravity target immediately below the Tampia resource, was completed to a planned depth of 750m. Assay results are expected in late April.

• The second deep diamond drill hole (THDD024) has started and is currently at a depth of 240m.

• The soil auger survey continues to add to the gold exploration potential at the Tampia Gold Project. To date, a total of 11,080 soil samples have been collected from the main Tampia (eastern) greenstone belt and the western greenstone belt, with a total of 10,438 samples that have had assays returned.

• The Tampia Gold Project feasibility study is nearing completion with results expected to be announced in mid-April. The Company expects to shortly be able to announce the appointment of an adviser to assist in organising project financing as well as an Independent Technical Expert to audit the feasibility and assist prospective financing groups.

Commenting, Managing Director John Lawton said: “We continue to be excited by the results from our auger soil sampling program in the region around Tampia. The eastern greenstone sequence is particularly anomalous and will be the primary focus for exploration drilling through 2018. We are now moving into an exciting phase for the Company with the start of exploration drilling of the southern gold anomalies. This drilling will test the theory that gold mineralisation at Tampia comes back to the surface in the area of the gold soil anomalies around gravity target 18. If this hypothesis proves correct it would significantly add to the resource potential at Tampia. Drilling of the very large gravity target 8, with associated gold soil values up to 0.8g/t Au, will commence after the Easter break.”

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Explaurum Limited (ASX:EXU) is pleased to announce the commencement of RC drilling and updated results from the regional auger soil sampling program which continues to increase the area of the gold exploration targets and extend the mineralised zone beyond the known gold resource at the Tampia Gold Project. New Gold Results from Auger Soil Sampling Survey Data processing, statistical analysis and data interpretation of the larger regional gold data set has mapped gold and arsenic soil targets that require follow up exploration drilling (Figure 2 and Figure 3). All these targets have similar element associations and geochemical threshold values as the soils over the Tampia Gold Project resource area, but most have never been drilled. The gold soil anomalies to the south of Tampia have been extended by 2,200m to the south, with the total length of the gold soil anomaly over the eastern greenstone sequence increasing from 10.0 km to 12.2 km. The gold anomaly over Gravity Target 8 continues to grow and is now 4,600m long and 2,800m wide, with well defined north west and north east anomaly trends that have numerous samples over 0.1 g/t Au up to 0.8 g/t Au (Figure 2 and Figure 3). The target is a well-defined coincident gravity, soil gold and soil arsenic anomaly like Tampia but covering a much larger area over what appears to be two intersecting mineralised trends. There are three new highly anomalous gold target areas between the Gravity Anomaly 8 and Gravity Anomaly 10 that have similar geochemistry to the larger anomaly over Gravity Target 8 and the Tampia Resource area. All the gravity anomalies in this area are associated with soil gold anomalies, but there are also soil gold anomalies over less dense lithologies that require testing. The soil anomalies around Gravity Target 18 are similar in grade and distribution to the gold soil anomaly over the Tampia resource area (Figure 3), which provides additional evidence that the area around Gravity Anomaly 18 may be where the Tampia gold mineralisation may come back to the surface. If this is the case, then the geology in the Gravity Anomaly 18 area should dip to the north west rather than the south east in the Tampia resource area. One of the main aims of the planned drilling in the area will be to test this hypothesis, which could add significantly to the Tampia gold resource if proven correct. Drill POWs have been lodged over the Gravity Anomaly 18 area and the Gravity Anomaly 8. The approval of the POW over Gravity Anomaly 18 has been confirmed and drilling has started. The PoW over Gravity Anomaly 8 is expected shortly when drill testing will commence. Cobalt Mineralisation in the Tampia Region The presence of large nickel-cobalt-copper anomalies over some of the mafic gneiss sequences was reported in the February 8 announcement (Figure 4). Subsequently, a review was completed of RC and soil auger drilling assays. Results confirm some of the fresh mafic gneiss units are highly anomalous in cobalt and lower level copper and nickel geochemistry. RC intercepts up to 0.15% Co (THDD012M), and cobalt values up to 600ppm in soils have been recorded. The new soil data have confirmed the potential for bed rock cobalt mineralisation in both the western and eastern greenstone sequences in mafic gneiss lithologies that have had no exploration for this style of mineralisation in the past. The largest and most attractive anomaly lies between Gravity Anomaly 7 and Gravity Anomaly 4 and appears to be associated with a mafic gneiss that is also anomalous in nickel and copper (Figure 4). This anomaly is also associated with anomalous gold up to 62 ppb Au. Deep Diamond Drilling Program Progress The deep diamond drilling program continues, with one hole, THDD023, completed to the planned depth of 750m. Significant sulphide, cobalt and arsenic mineralisation was intersected between 197m and 207m and 225m and 242m. This mineralisation is outside the feasibility study pit area, 250m

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down plunge to the south east from one of the high-grade shoots in the Tampia Resource area. The hole has reached the depth of the gravity anomaly and intersected an unusual garnet rich felsic gneiss, which based on garnet density of 3.6-4.3 may explain the gravity anomaly in this area. All core of interest has been marked up for sampling and samples petrographic work have been being selected. The core has been sent to the laboratory for cutting and sampling, with results expected by the end of April. Drilling of the second deep hole, THDD024, has started, which is targeting the northern eastern contact of the mafic gneiss where the gold mineralisation appears to be truncated. This hole has reached a depth of 240m and has a planned depth of 600m.

Next Steps

The soil sampling program will continue over the remaining high priority regional gravity targets up to 15km from the Tampia Gold Project area, with the immediate focus on completing soil sampling of the gravity targets in the western greenstone sequence. This program is planned to be completed by the end of April. Target areas will be prioritised for follow up drilling. Scout exploration RC drilling of gold soil targets will continue with a priority being given to the Soil Anomaly Areas around Gravity Targets 8 and 18. Drill planning has been completed with drilling now in progress around Gravity Target 18, with drilling starting on high priority Gravity Target 8 in early April. Results from this RC drilling program are expected to begin flowing in late April. The first results from the first hole of the deep diamond drilling program are expected by the end of April. The Feasibility Study program, due for announcing in mid-April, continues to progress well with positive developments continuing in key areas such as power, metallurgical recovery and process design refinement, pit design and mine scheduling.

Figure 1. Tampia Project location map with soil survey area in relation to airborne gravity survey.

Soil Survey Area

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Background Most exploration to date at Tampia has focussed on the known resource area where the 2017 resource drilling program was completed leading to a significant increase in the Tampia Gold resource, which now contains 11,318,000 tonnes at 1.91 g/t Au for 695,500 ounces of gold at a 0.5 g/t Au cut off (Table 1). This program and earlier exploration drilling has provided information on the geology of the resource area and controls on gold mineralisation. The regional geology outside of the resource area was surveyed by the Company using airborne gravity that identified 24 targets with similar gravity anomalies to the known gold mineralisation at Tampia. Regional auger soil sampling started in November 2017 to test these gravity anomalies and this work is on-going. The targets generated from this work are currently being drill tested. The auger soil sampling program is designed to provide accurate geochemical data for all airborne gravity targets and the regions between for drill targeting purposes. To date, a total of 11,080 soil samples have been collected, which includes an additional 3,343 samples to those announced on February 8, 2018 over the main Tampia (eastern) greenstone trend and the western greenstone trend 12 km to the west of the Tampia gold resource. A total of 10,438 samples have had assays returned since the start of the soil sampling program and are the subject of this announcement (Figure 2). Soil samples were initially collected over the known resource area as an orientation survey to understand the magnitude of the different elements associated with the gold mineralisation at Tampia. These soil samples were statistically analysed to determine the elements that correlate with gold occurrence and define anomaly thresholds for these elements, including gold, to compare with the regional samples and map those areas with similar geochemical signatures to the Tampia Gold Project. These thresholds were then used to create anomaly maps for gold and the pathfinder elements of interest (Figure 2 and Figure 3), which were then used to interpret and prioritise soil anomalies with similar signatures to the Tampia Gold Resource area.

Table 1: Tampia Gold Project Mineral Resource classification

Tonnes Average Grade Ounces

Indicated 9,948,000 1.94 620,500

Inferred 1,370,000 1.70 75,000

Total 11,318,000 1.91 695,500 Notes:

1. The Mineral Resource is classified in accordance with JORC, 2012 edition.

2. The effective date of the mineral resource estimate is 11 September 2017.

3. The Mineral Resource is contained within M70/816.

4. Estimates are rounded to reflect the level of confidence in these resources at the present time. All resources have been rounded to the nearest 0.01 million tonnes.

5. The mineral resource is reported as a recoverable resource at 6x6x3.5 SMU size, which includes dilution, and at 0.5 g/t Au cut-off grade.

For further information, contact: John Lawton Managing Director Explaurum Limited +61 7 3333 2722 Competent Person’s Statement The information in this announcement that relates to Exploration Results and Mineral Resources is based on information compiled by Dr Gregor Partington, who is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Dr Partington is General Manager Operations of Explaurum Limited and has sufficient experience relevant to the style of mineralisation under consideration and to the activity which he is undertaking 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”. Dr Partington consents to the inclusion in this report of the matters based on their information in the form and context in which it appears.

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Figure 2. Tampia Gold Project soil Au ppb location map in relation to planned scoping study pit and tenements. There are 495 samples to the south of Tampia with assays pending.

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Figure 3. Tampia Gold Project regional soil Au ppm anomaly map in relation to gravity anomalies and tenements.

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Figure 4. Tampia Gold Project regional soil Ni+Co+Cu ppm anomaly map in relation to gravity anomalies and tenements.

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Appendix 1 Section 1 Sampling Techniques and Data

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 XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.

Two sampling methods have been employed in the collection of the soil samples. Auger drilling to a depth of 1m-2m and hand dug sample pits to 20cm-30cm. The sample style has been determined dependent on the land use in each case. Where samples are in ploughed fields auger sampling has been employed to sample beneath the soil affected by farming activity. Where remnant bush or undisturbed ground is encountered hand dug pit sampling has been used as here the top soil is interpreted to be representative of bedrock.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

A geologist or experienced field assistant is always present when sampling, to ensure the iron-rich B-horizon is sampled wherever possible when auger sampling. 2kg samples are collected from the bottom of each pit or hole and the same size drill rods are used on all auger rigs.

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 30g 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.

2kg bottom of auger hole soil samples and bottom of hand-dug pit soil samples were collected in pre-numbered calico bags. These were sent to the lab where they are weighed, dried, coarse crushed -5mm (to break up clays but not crush lithic fragments), the whole sample then sieved to 80mesh (180 microns) to collect a fines sample for assay. An aliquot of up to 50g is then taken for fire assay with an AAS finish. A multi-element suite is also determined via 4-acid digest and an ME-ICP finish.

Drilling techniques

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. 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.).

Where drilling was carried out, an auger rig was used to drill a 4” hole to between 1m-2m depth, targeting the iron-rich B-horizon. A bottom of hole sample is collected from the rods where possible or from the inside of the sample spoils cone at the top of the hole.

Drill sample recovery

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

Recoveries were not assessed as they are not material to the sample collected. A 2kg sample was collected from the bottom of all holes and pits.

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

Not applicable.

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.

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.

All soil samples have been geologically logged to constrain interpretation of samples results.

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

All logging is qualitative based on the interpretation of the geologist conducting the logging.

The total length and percentage of the relevant intersections logged.

Only the bottom of hole samples collected have been logged.

Sub-sampling techniques and sample preparation

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

Not applicable.

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

All samples can be considered grab or scoop samples as the intention was to take a bottom of hole sample from each sample location. Samples were also logged based on the wet or dryness.

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

As the purpose of this sampling is for first pass geochemical sampling over the region the sample quality is deemed appropriate.

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

Duplicates have been taken, by the lab, of fines for both fire assay and multi-element analysis.

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Criteria JORC Code Explanation Commentary 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.

Duplicate holes have been drilled to determine the appropriateness of sample size and representivity.

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

Sample sizes are considered appropriate as the sample is designed to collect trace gold anomalism in the fines of the soil sample.

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.

The samples were assayed by ALS Laboratories where they are weighed, dried, coarse crushed -5mm (to break up clays but not crush lithic fragments), the whole sample then sieved to 80mesh (180 microns) to collect a fines sample for assay. An aliquot of up to 50g is then taken for fire assay with an AAS finish. A multi-element suite is also determined via 4-acid digest and an ME-ICP finish. The method is considered a near total analysis with only the most resilient of minerals (zircon) not being consumed.

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.

pXRF analysis was not conducted on these samples as a full multi-element geochemical suite is being collected.

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.

The first programme of soil sampling was conducted with a full suite of certified reference materials being used including the blanks, and duplicate and replicate analyses were conducted as part of laboratory internal checks. External laboratory checks have not been conducted as they are not deemed material to these results.

Verification of sampling and assaying

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

Not applicable.

The use of twinned holes. Not applicable.

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

Primary data were collected on paper hard copy sheets and on field laptops into logging sheets with locked drop-down menu options. The location of holes has been validated in 2D using GIS software.

Discuss any adjustment to assay data. No data were adjusted

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.

The soil samples were located using Garmin 78s GPS units which are accurate to ~3m. Given the broad spacing and the purpose of the sampling this is deemed appropriate.

Specification of the grid system used. MGA 94 Zone 50

Quality and adequacy of topographic control. Topographic control has been adopted from a recent aerial geophysical programme and has been corrected to height values from the DGPS survey. The topographic control is highly accurate.

Data spacing and distribution

Data spacing for reporting of Exploration Results.

Two grids are used over the region. 40x80 sample spacing was employed over more prospective lithologies while 40x160 and 80x160 was used over less prospective lithologies.

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.

Not applicable.

Whether sample compositing has been applied. There has been no sample compositing.

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.

Not applicable.

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.

Not applicable.

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Criteria JORC Code Explanation Commentary Sample security The measures taken to ensure sample security. All samples are removed from site on the day of drilling

and stored locked inside a secure warehouse facility. The samples are transported by a professional freight company to the Laboratory in Perth. The samples are not left unattended and a chain of custody is maintained throughout the shipping process.

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

No reviews have been conducted by external parties. Internal review by various company personnel has occurred.

Section 2 Reporting of Exploration Results

Criteria 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.

Project area is held under E70/2132, P70/1637, P70/1645, P70/1638, M70/815 and M70/816. All the tenement area comprises private agricultural land with no Native title interests. The Company has access agreements over the area of the gold resource covered by M70/815 and M70/816 and part of E70/2132.

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.

See above, no other known impediments

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties.

Historic exploration undertaken by

Company Date

BHP Minerals Ltd 1987-1988

Dry Creek Mining 1990-1993

Nexus Minerals 1997-1999

IPT Systems Ltd 2000-2001

Meridian Mining 2006-2009

Tampiagold Pty 2010-2011

Auzex Exploration 2012-2015

Geology Deposit type, geological setting and style of mineralisation.

The Tampia Hill project area covers a sequence of late Archaean mafic-felsic granulite facies granitoid and gneiss. The lowest unit in the sequence as interpreted from the structural position of the units is a suite of banded feldspar-biotite-quartz granulite that also can contain graphite and pyrrhotite in augen gneiss. The original sequence for this unit is believed to be clastic sediment, wacke, arenite and graphitic shale. The next unit is feldspar-biotite-amphibole-pyroxene granulite that appears to contain a mixture of sedimentary and mafic precursor lithologies. The uppermost part of the sequence consists of a mafic granulite dominated by pyroxene-plagioclase-amphibole lithologies. Minor biotite, spinel, enstatite and quartz with pyrrhotite up to 2% also occur. The precursor lithology is inferred to be tholeiitic basalt. This sequence is intruded by quartz-feldspar granitoid dykes and sills that have complex cross-cutting relationships suggesting multiple phases of emplacement. This entire sequence is intruded by several unmetamorphosed dolerite dykes that are thought to be of Proterozoic in age. Gold mineralisation is dominantly disseminated throughout, or concentrated within, pods of hornblende-biotite-pyroxene and hornblende-biotite-plagioclase within pyroxene and biotite-bearing mafic granulites. The gold occurs with disseminated non-magnetic pyrrhotite,

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Criteria Explanation Commentary

arsenopyrite, chalcopyrite and rare pyrite. Total sulphide contents of mineralised intersections are between 1% and 3%, with a maximum estimated 5% sulphide. Sulphides occur along S1 foliation planes and are folded by F1 minor folds. Mineralisation occurs in elongate to ellipsoidal pods that vary in size from 1-10 m thick, 50-150 m wide (east-west) and 50-200 m long (north-south). Four mineralised shoots were identified in the north Wanjalonar Zone of the prospect, with another two zones in the central Merino Gold Zone and southern Leicester Gold Zone. Average grades within a zone >1g/t Au vary between 1 to 5 g/t Au over 5-10 m intervals. The northern zone has yielded the best grades with Leicester showing promising signs of additional high grade gold.

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.

All drill hole information has been provided in previous public reports, dated: 12 April 2017, 2 May 2017, 13 Jun 2017, 5 Jul 2017, 7 Aug 2017, 22 Aug 2017 and can be accessed at: http://www.explaurum.com.au/irm/content/asx-announcements.aspx?RID=8

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 available information was excluded.

Data aggregation methods In reporting Exploration Results, weighting 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.

No cut-offs have been applied.

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.

Not applicable.

The assumptions used for any reporting of metal equivalent values should be clearly stated.

Not applicable.

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

Not applicable.

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

Not applicable.

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.

Figure 2, Figure 3 and Figure 6 show the anomalous gold zones identified and the location of soil samples.

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Criteria Explanation Commentary

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 avoiding misleading reporting of Exploration Results.

Historic RC and Core intercepts in the holes nearest the reported holes have all been previously reported.

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.

Soil sampling, stream sediment sampling, gravity, magnetics geophysics and downhole magnetic susceptibility, acoustic imagery, optical imagery, natural gamma readings, resistivity and pXRF data have been used to assist the interpretation of the target areas. A regional and detailed gravity survey was completed to map the distribution and extent of potential host rocks for gold mineralisation at Tampia. The main resource area at Tampia is associated with a bullseye gravity anomaly that corresponds to a block of mafic gneiss that hosts the main gold mineralisation at Tampia. There are several gravity trends mapped by the detailed gravity that appear to follow known mineralised trends in the resource area. The gravity data clearly map the distribution of the mafic gneiss in the region with respect to granite and felsic gneiss, with the denser mafic gneiss (gravity highs) having a strong spatial association with anomalous gold in soil geochemistry anomalies, including the area hosting the main resource at Tampia. The soil anomalies, mafic units and gravity trends remain largely untested, but have many similarities to the known resource area. The gravity map will be used to plan future exploration and resource extension drilling.

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

Additional soil sampling is planned across EXU tenement holdings dependent on landholder negotiations.

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

The new soil anomalies to the north and west of the Tampia resource area, particularly those associated with gravity anomalies, will be tested by exploration RC drilling (Figure 6).

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