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1 L1, 254 Railway Parade, West Leederville WA 6007 PO Box 1245, West Leederville WA 6901 T: e: office@platypusminerals.com.au ASX/Media Announcement Perth: 18 July 2016 COPPER PORPHYRY AT PEARL BAR AND BRIDGET ASX: PLP Broad zones of copper porphyry mineralisation at both prospects Cu-Mo-Ag at Pearl Bar: % Cu, 109 ppm Mo and 4.56 g/t Ag Cu-Au at Bridget: % Cu and 0.25 g/t Au Both zones open Indicative of large porphyry system Perth-based Platypus Minerals Ltd ( Platypus or Company ) is pleased to advise results of a reconnaissance drilling program completed in late June 2016 at the Pearl Bar and Bridget prospects within the Gobbos project area (E45/3326) in the East Pilbara region of Western Australia (Figures 1 and 2). The short program comprised three holes for a total of 422 m of reverse circulation ( RC ) drilling. Two holes were drilled at Bridget and one at Pearl Bar, as detailed in Table 1. Results from both prospects confirmed the presence of widespread copper porphyry mineralisation, possibly part of one large system extending over an area in excess of 5 km in strike and including the intervening Gobbos prospect (Figure 2). Significant copper was encountered at each prospect, with Pearl Bar hosting attendant molybdenum and silver mineralisation, while at Bridget copper occurs in association with gold. E45/3326 Figure 1. Location of E45/3326 within a highly mineralised multi-commodity district in the East Pilbara region of WA. Figure 2. Location of prospects within E45/3326 showing regional geology. Table 1. Gobbos project: RC drilling at the Pearl Bar and Bridget prospects, July 2016 DEPTH HOLE_ID EASTING NORTHING RL PROSPECT (m) DIP AZIMUTH Bridget BGC Bridget BGC Pearl Bar PBC Page 1 of 7

2 Pearl Bar (Cu-Mo-Ag) A single RC hole, PBC001, drilled to 114 m depth, targeted the down dip extension of an outcropping quartz vein containing abundant malachite and azurite, sitting within an altered granodiorite and coincident with a large Cu-Mo-Ag geochemical anomaly defined by rockchip and soil sampling. A best interval of 6 1.5% Cu was returned from within a broader zone of % Cu, 109 ppm Mo and 4.65 g/t Ag. Results are summarised in Table 2, and presented graphically in Figures 3, 4 and A1.1 (Appendix 1). Full results are presented in Appendix 2. Drill hole PBC001 intersected approximately 60 m of quartz vein within strongly sericite-altered granodiorite. Mineralisation consists of trace chalcopyrite, minor bornite and occasional molybdenite along fractures within the quartz vein and within the granodiorite peripheral to the contact with the quartz vein. The assay values for Cu, Mo, and Ag are highly anomalous and combined with the geology are indicative of a porphyry mineralized system. Table 2. Pearl Bar RC Drilling, June 2016, significant intersections* HOLE ID FROM TO INTERVAL (m) Cu (%) Ag (g/t) Mo (ppm) PBC including and *Main intersection calculated at >1000ppm Cu, max 2m internal dilution. Internal zones >5000ppm Cu, max 1m internal dilution. Figure 3. Pearl Bar prospect drill hole location and summary geology. Page 2 of 7

3 Figure 4. Pearl Bar prospect drilling cross-section and summary geology. Cu-Mo-Ag mineralisation is associated with a quartz vein in sericite altered granodiorite with best grades occurring on the contact of the quartz vein and the granodiorite within the oxide zone. Mineralisation occurs primarily along fractures within the quartz vein and consists of malachite and azurite in the oxide zone and chalcopyrite, minor bornite and occasional molybdenite in the fresh (sulphide) zone. Bridget (Cu-Au) The Bridget prospect is located approximately 3 km NE of Gobbos and was identified in the early 1970s. The key feature of the prospect is a 210 m long gossanous zone, 2 m - 3 m in thickness, flanked by a 90 m wide zone of intensely altered and mineralised basalt. No historical records of sampling of the basalt have been located and there is no evidence that this zone has been drilled. Sampling of the gossan by Platypus returned grades of up to 19.25% Cu, with significant gold (0.38 g/t) and silver (10.8 g/t), while five rock chip samples from the altered basalt returned an average of 0.37% Cu. The two drill holes at Bridget (BGC001 and BGC002) targeted a zone of intense quartz stockwork veining containing malachite and trace sulphides coincident with a Cu-Mo-Au geochemical anomaly in rockchips and soils (Figure 5 and A1.2 (Appendix 1)). Both holes intersected intensely altered basalts with abundant quartz stockwork veining and micro veinlets containing trace pyrite and chalcopyrite, pyrite and chalcopyrite micro veinlets, and trace disseminated pyrite and chalcopyrite. A best result of % Cu and 0.25 g/t Au in hole BGC001, from surface, likely represents supergene enrichment. Page 3 of 7

4 Assay values for Cu, Mo, and Au, although not economic are highly anomalous and combined with the alteration and veining are indicative of a porphyry mineralized system. Summary results for BGC001 and BGC002 are presented in Table 3. Full results are presented in Appendix 2. Table 3. Bridget prospect RC Drilling, June 2016, significant intersections* HOLE_ID FROM TO INTERVAL (m) Cu (%) Au (g/t) Mo (ppm) BGC incl BGC incl and and *Main intersections calculated at >500ppm Cu, max 1m internal dilution. Internal zones >1000ppm Cu, max 1m internal dilution. Figure 5. Bridget prospect drill hole location and summary geology. Cu-Mo-Au mineralisation is associated with intense epidote - chlorite - sericite alteration and comprises pyrite and chalcopyrite as disseminations, micro sulphide veinlets and also occurs within micro quartz stockwork veinlets. The best mineralization is in the oxide zone, probably related to supergene enrichment. Mineralisation is stoped out between 43m-66m in BGC001 by a felsic intrusive. These latest drilling results, combined with the prior drilling results returned for the Gobbos prospect, which sits between Pearl Bar and Bridget, attest to the presence of a large porphyry-style mineralised system extending for in excess of 5 km and which remains open in all directions. Work by Platypus to date has confirmed the general tenor of copper grades to be around 0.1% to 0.2% Page 4 of 7

5 within the mineralised envelope, with occasional intervals within this envelope grading above 1.0% Cu. The main core of the porphyry mineralisation is yet to be located and it remains unclear whether this might occur laterally or at depth. Further work is warranted at this impressive, extensively mineralised project area, which also includes the Cyclops Ni-Cu prospect at which Platypus has not yet undertaken fieldwork. In light of the Company s move into the lithium sector, Platypus is considering its options with regard to how to optimise future development of the Gobbos project. Appendices 1, 2 and 3 follow For further information, contact: Tom Dukovcic Managing Director The information in this report that relates to Exploration Results is based on information compiled by Mr Tom Dukovcic, who is an employee of the Company and a member of the Australian Institute of Geoscientists and who has sufficient experience relevant to the styles of mineralisation and the types of deposit under consideration, and to the activity that has been 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 Dukovcic consents to the inclusion in this report of information compiled by him in the form and context in which it appears. Page 5 of 7

6 APPENDIX 1. Detailed cross-sections for Pearl Bar and Bridget prospects, RC drilling program June 2016 Three RC drill holes were completed for a total of 422m. Drilling was conducted by Orbit Drilling with a Hydco 350 truck mounted rig using a 4.5 face sampling hammer. Collar positions for each hole were surveyed with a hand held GPS and reported in coordinate system GDA94 Zone 51. Each metre was geologically logged and a collection of chips put into chip trays which are stored in the Perth office. For each metre a bulk sample was collected in a cyclone and laid out on the ground. Throughout each hole representative two metre composite scoop samples (2-3kg weight) were collected for analysis. At Pearl Bar representative 1m scoop samples were collected through the mineralized quartz zone and two metre composite scoop samples elsewhere. These samples were sent to ALS in Perth and assayed for Au by 50g fire assay (Au-ICP22) and multi elements Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, Rb, S, Sb, Sc, Se, Sn, Sr, Te, Ta, Th, Ti, Tl, U, V, W, Zn by 4 acid digest (ME-ICP61). Figure A1.1. Cross-section for PBC001 at Pearl Bar prospect, Gobbos project area (E45/3326). Page 6 of 7

7 Figure A1.2. Cross-section for BGC001 and BGC002 at the Bridget prospect, Gobbos project area (E45/3326). Page 7 of 7

8 APPENDIX 2. Assay Results, RC drilling, June 2016, Pearl Bar and Bridget prospects (E45/3326) SampleID Hole_ID mfrom mto Sample_TyAu_ppm Ag_ppm Al_pct Ars_ppm Ba_ppm Be_ppm Bi_ppm Ca_pct Cd_ppm Co_ppm Cr_ppm Cu_ppm Fe_pct Ga_ppm K_pct La_ppm Mg_pct Mn_ppm Mo_ppm Na_pct Ni_ppm P_ppm Pb_ppm S_pct Sb_ppm Sc_ppm Sr_ppm Th_ppm Ti_pct Tl_ppm U_ppm V_ppm W_ppm Zn_ppm GS00751 BGC COMP <5 80 < < <0.01 < < <10 < < GS00752 BGC COMP < < <0.01 < < <10 < < GS00753 BGC COMP < < <0.01 < < <10 < < GS00754 BGC COMP <0.5 < < < < <10 < < GS00755 BGC COMP < < < < <10 < < GS00756 BGC COMP < < < < <10 < < GS00757 BGC COMP < < < < <10 < < GS00758 BGC COMP < < < <10 < < GS00759 BGC COMP < < < <10 < < GS00760 BGC COMP < < < < < <10 < < GS00761 BGC COMP < < < < < <10 < GS00762 BGC COMP < < < < < <10 < < GS00763 BGC COMP <0.5 < < < < < <10 < < GS00764 BGC COMP < < < < < <10 < < GS00765 BGC COMP < < < < <10 < < GS00766 BGC COMP <0.5 < < < < < < <10 < GS00767 BGC COMP <0.5 <2 0.1 < < < < <10 < GS00768 BGC COMP <0.5 < < < < < < < GS00769 BGC COMP <0.5 < < < < <10 < < GS00770 BGC COMP <0.5 < < <5 7 7 < <10 <10 41 < GS00771 BGC COMP < < < < <10 <10 33 <10 77 GS00772 BGC COMP < < <10 < GS00773 BGC COMP < < < < <10 <10 27 <10 69 GS00774 BGC COMP 0.01 < < < < <10 <10 29 <10 54 GS00775 BGC COMP < < < < < <10 <10 29 <10 51 GS00776 BGC COMP < < < < <10 <10 28 <10 73 GS00777 BGC COMP < < < < <10 <10 31 <10 74 GS00778 BGC COMP < < < < <10 <10 29 <10 69 GS00779 BGC COMP < < < < < <10 <10 27 <10 69 GS00780 BGC COMP < < < < <10 <10 29 <10 55 GS00781 BGC COMP < < < < <5 7 9 < <10 <10 50 < GS00782 BGC COMP < <0.5 < < < < <5 8 6 < <10 <10 52 < GS00783 BGC COMP <0.5 < < < < < <10 < < GS00784 BGC COMP < < < < < <10 < < GS00785 BGC COMP < < < < < <10 <10 89 < GS00786 BGC COMP < < < < < <10 < GS00787 BGC COMP < < < < < <10 < GS00788 BGC COMP < < < < < < <10 < < GS00789 BGC COMP < < < <2 0.3 < < <10 < GS00790 BGC COMP <0.5 < < < < < <10 < GS00791 BGC COMP <10 < GS00792 BGC COMP < < < < < <10 < GS00793 BGC COMP < < < < < <10 < GS00794 BGC COMP < < < < < <10 < GS00795 BGC COMP <0.5 < < < < < < <10 < GS00796 BGC COMP < < < < < < < <10 < < GS00797 BGC COMP <5 20 < < < < < <10 < < GS00798 BGC COMP <0.5 < < < < <10 < < GS00799 BGC COMP < < < < <10 <10 29 <10 91 GS00800 BGC COMP < < < <10 < GS00801 BGC COMP < < < <10 < GS00802 BGC COMP < < < < <10 < GS00803 BGC COMP < < < <10 < GS00804 BGC COMP <0.5 < < < < <10 < < GS00805 BGC SINGLE <0.5 < < < <10 < < GS00806 BGC COMP < < < <0.01 < < <10 < < GS00807 BGC COMP < < < < < <10 < < GS00808 BGC COMP < <0.5 < < <0.01 < < <10 < < GS00809 BGC COMP < < < <0.01 < < <10 < < GS00810 BGC COMP < < < <2 <0.01 < < <10 < < GS00811 BGC COMP <0.5 < < <0.01 < < <10 < < GS00812 BGC COMP < < < < <10 < < GS00813 BGC COMP < < < <0.01 < < <10 < < GS00814 BGC COMP < < <0.01 < < <10 < < GS00815 BGC COMP < < < < <10 < < GS00816 BGC COMP <0.5 < < < < < <10 < < GS00817 BGC COMP < < < <10 < < GS00818 BGC COMP < < < < <10 < < GS00819 BGC COMP < < < < <10 < < GS00820 BGC COMP < <0.5 < < < < < <10 < < GS00821 BGC COMP <0.5 < < < < < <10 < < GS00822 BGC COMP < < < < <10 < < GS00823 BGC COMP < < < < <10 < < GS00824 BGC COMP < < < < <10 < < GS00825 BGC COMP < < < < < <10 < < GS00826 BGC COMP < < < < <10 < < GS00827 BGC COMP < < < < <10 < < GS00828 BGC COMP <0.5 < < < <10 < < GS00829 BGC COMP < < < < <10 < < GS00830 BGC COMP < < < < <10 < < GS00831 BGC COMP < < < <10 < < GS00832 BGC COMP < < < < < <10 < < GS00833 BGC COMP < < < < <10 < < GS00834 BGC COMP < <0.5 < < < < <10 < < GS00835 BGC COMP < < < < <10 < < GS00836 BGC COMP < < < < < <10 < < GS00837 BGC COMP < <0.5 < < < < <10 < < GS00838 BGC COMP < < < < <10 < < GS00839 BGC COMP < <0.5 < < < < <10 < < GS00840 BGC COMP <0.5 < < < < <10 < < GS00841 BGC COMP < < < < <10 < < GS00842 BGC COMP < < < <10 <10 54 < GS00843 BGC COMP < < < <10 < < GS00844 BGC COMP < < < < <10 < < GS00845 BGC COMP < < < <10 < < GS00846 BGC COMP < < < < <10 < < GS00847 BGC COMP < < < < < <10 < < GS00848 BGC COMP < < < < < <10 < < GS00849 BGC COMP < < < < < <10 < < GS00850 BGC COMP < < < < < < <10 < < GS00851 BGC COMP < < < < < < <10 < < GS00852 BGC COMP < < < < <10 < < GS00853 BGC COMP < < < < < < <10 < < GS00854 BGC COMP < < < < < <10 < < GS00855 BGC COMP < < < < <10 < < GS00856 BGC COMP < < < < < < <10 < < GS00857 BGC COMP < < < < < <10 < < GS00858 BGC COMP <0.5 < < < < <10 < < GS00859 BGC COMP < < < < <10 < < GS00860 BGC COMP < < < < <10 < < GS00861 BGC COMP < < < < < <10 < GS00862 BGC COMP < < < < < <10 < < GS00863 BGC COMP < <0.5 < < < < < <10 < < GS00864 BGC COMP < <0.5 < < < < <10 < < GS00865 BGC COMP <0.5 < < < < < <10 < <10 83 GS00866 BGC COMP < < < < < <10 < <10 87 GS00867 BGC COMP 0.01 < <0.5 < < < < <10 < <10 86 GS00868 BGC COMP < < < < < < < <10 < <10 91 GS00869 BGC COMP <0.5 < < < < < < <10 < < GS00870 BGC COMP < < < < < < <10 < < GS00871 BGC COMP < <0.5 < < < < < <10 < < GS00872 BGC COMP < < < < < < <10 < < GS00873 BGC COMP < <5 80 <0.5 < < < < < <10 < < GS00874 BGC COMP < <5 120 < < < < < <10 < <10 90 GS00875 BGC COMP < <5 100 < < < < < <10 < GS00876 BGC COMP 0.02 < <5 130 <0.5 < < < < < < <10 < GS00877 BGC COMP < <5 80 < < < < < <10 < GS00878 BGC COMP < <5 70 < < < < < <10 < GS00879 BGC COMP < < < < < < <10 < GS00880 BGC COMP < <5 70 < < < < < < <10 < GS00881 BGC COMP < <5 100 <0.5 < < < < < <10 < < GS00882 BGC COMP < <5 90 < < < < < <10 < < GS00883 BGC COMP <5 10 <0.5 < < < < < <10 < < GS00884 BGC COMP < < < < < <10 < GS00885 BGC COMP < < < < < <10 < GS00886 BGC COMP < < < < < < <10 <10 30 <10 46 GS00887 BGC COMP < < < < <10 <10 28 <10 45 GS00888 BGC COMP < < < <10 <10 28 <10 45 GS00889 BGC COMP < < < <10 <10 84 <10 88 GS00890 BGC COMP < < < < < < <10 < GS00891 BGC COMP < < < < < < <10 < GS00892 BGC COMP < < < <10 <10 28 <10 41 GS00893 BGC COMP < < < < < <10 <10 31 <10 45 GS00894 BGC COMP < < < < <10 <10 27 <10 64 GS00895 BGC COMP < < < < <10 <10 27 <10 51 GS00896 BGC COMP < < < < <10 <10 23 <10 44 GS00897 BGC COMP < < < < < <10 <10 76 <10 94 GS00898 BGC COMP < < < < <10 <10 28 <10 50 GS00899 BGC COMP < < < < <10 <10 51 <10 59 GS00900 BGC COMP < < < < < <10 <10 27 <10 39 GS00901 BGC COMP 0.01 < < < < < < <10 < GS00902 BGC COMP < < < < < < <10 <10 82 <10 72 GS00903 BGC COMP < < < < < < <10 < < GS00904 BGC COMP < < < < < <10 < GS00905 BGC SINGLE < < < < < <10 < <10 90 GS00906 PBC COMP < <10 < GS00907 PBC COMP < < < <10 < GS00908 PBC COMP < < < GS00909 PBC COMP < <0.01 < < <10 <10 25 <10 38 GS00910 PBC COMP < <0.01 < <10 < GS00911 PBC COMP < < < <10 < GS00912 PBC COMP < < <10 < GS00913 PBC COMP < <0.01 < < <10 < GS00914 PBC COMP < <0.01 < < <10 < GS00915 PBC COMP < < < <10 < GS00916 PBC SINGLE < < <10 < GS00917 PBC SINGLE < <10 < GS00918 PBC SINGLE < < < < <10 < GS00919 PBC SINGLE < < < < <1 6 < <10 < GS00920 PBC SINGLE < < < < <1 2 < <10 <10 3 <10 19 GS00921 PBC SINGLE < < < < <10 < GS00922 PBC SINGLE < <0.5 < < < <1 <1 < <10 <10 2 <10 7 GS00923 PBC SINGLE <10 < < < <10 < <1 <1 <20 <0.01 <10 < GS00924 PBC SINGLE <10 < <0.5 < < <10 < < <1 <1 <20 <0.01 <10 < GS00925 PBC SINGLE <10 < <0.5 < < <10 < < <1 1 <20 <0.01 <10 <10 1 <10 10 GS00926 PBC SINGLE <10 < < <10 < < <1 2 <20 <0.01 <10 < GS00927 PBC SINGLE < < < < < <1 2 <20 <0.01 <10 < GS00928 PBC SINGLE < < < < < <1 3 < <10 <10 1 <10 43 GS00929 PBC SINGLE < < < <1 1 < <10 < GS00930 PBC SINGLE < < < < <10 < GS00931 PBC SINGLE < < < < <1 2 < <10 < GS00932 PBC SINGLE < <0.5 < < < < <1 3 < <10 < GS00933 PBC SINGLE < < <10 < GS00934 PBC SINGLE < <0.5 < < < < <1 4 < <10 < GS00935 PBC SINGLE < < <10 < GS00936 PBC SINGLE < <10 < GS00937 PBC SINGLE <10 < < < < < <1 2 < <10 <10 1 <10 11 GS00938 PBC SINGLE < <0.5 < < < <1 1 <20 <0.01 <10 < GS00939 PBC SINGLE < < < < <1 12 < <10 < GS00940 PBC SINGLE < <10 < GS00941 PBC SINGLE < <10 < GS00942 PBC SINGLE < <10 < GS00943 PBC SINGLE <10 < < < < < <1 2 <20 <0.01 <10 <10 1 <10 22 GS00944 PBC SINGLE < < < < <1 1 < <10 <10 1 <10 18 GS00945 PBC SINGLE < <10 < GS00946 PBC SINGLE < < <10 < GS00947 PBC SINGLE < < <10 < GS00948 PBC SINGLE < < < <10 < GS00949 PBC SINGLE < < < <10 < GS00950 PBC SINGLE < < < <10 < GS00951 PBC SINGLE < < < < <10 < GS00952 PBC SINGLE < <0.5 < < < < <1 7 < <10 < GS00953 PBC SINGLE < <0.5 < < < <1 1 < <10 < GS00954 PBC SINGLE <10 < <0.5 < < <10 < < <1 1 <20 <0.01 <10 <10 1 <10 19 GS00955 PBC SINGLE < < < <1 3 < <10 < GS00956 PBC SINGLE <10 < < < <10 < < <1 1 <20 <0.01 <10 <10 1 <10 15 GS00957 PBC SINGLE <10 < < < <10 < < <1 1 <20 <0.01 <10 <10 1 <10 45 GS00958 PBC SINGLE <10 < <0.5 < < <10 < < <1 1 <20 <0.01 <10 < GS00959 PBC SINGLE < <0.5 < < < < <1 2 < <10 < GS00960 PBC SINGLE < <0.5 < < < < < <10 < GS00961 PBC SINGLE < < < < <10 < GS00962 PBC SINGLE < <0.5 < < < <1 4 < <10 < GS00963 PBC SINGLE < < < < < <10 < GS00964 PBC SINGLE < < < < <1 2 < <10 < GS00965 PBC SINGLE < < <10 < GS00966 PBC SINGLE < <10 < GS00967 PBC SINGLE < < < <10 < GS00968 PBC SINGLE < <0.5 < < < < <1 2 < <10 < GS00969 PBC SINGLE < <0.5 < < < < <1 1 < <10 < GS00970 PBC SINGLE < <0.5 < < < < <1 3 < <10 < GS00971 PBC SINGLE < < < < <1 <10 < <1 1 <20 <0.01 <10 < GS00972 PBC SINGLE < <10 < < < <10 < <1 8 <20 <0.01 <10 < GS00973 PBC SINGLE <0.001 < < < < <10 < < <1 4 <20 <0.01 <10 < GS00974 PBC SINGLE < <0.5 < < < <10 < < <1 1 < <10 < GS00975 PBC SINGLE <10 < < < <10 < < <1 1 <20 <0.01 <10 < GS00976 PBC SINGLE < < <10 < GS00977 PBC SINGLE < < <10 < GS00978 PBC COMP < <10 < GS00979 PBC COMP < <10 < GS00980 PBC COMP < < <10 < GS00981 PBC COMP < < < <10 < GS00982 PBC COMP < < < < <10 < GS00983 PBC COMP < <2 0.9 < < < < <10 < GS00984 PBC COMP < < < < <10 < GS00985 PBC COMP < < < < <10 < GS00986 PBC COMP < < < < <10 < GS00987 PBC COMP < < < < < <10 < GS00988 PBC COMP < < < <10 < GS00989 PBC COMP < < < < <10 < GS00990 PBC COMP < < < < <10 < GS00991 PBC COMP < < < < <10 < GS00992 PBC COMP < < < <10 < GS00993 PBC COMP < < < <10 < For personal use only

9 APPENDIX 3. JORC Code (2012) Table 1 Report: Reverse Circulation Drilling, Bridget & Pearl Bar prospects, June 2016 (E45/3326). Section 1: Sampling Techniques and Data 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 representativeness 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. Reverse Circulation (RC) percussion drill chips collected through a cyclone at 1m intervals down the hole and laid on ground. Scoop used to collect 2m representative composite sample of 2kg - 3kg weight. In areas of visible mineralisation scoop used to collect representative 1m sample of 2kg 3kg weight. Samples were kept dry, equal portions taken from each sample pile to produce representative composite sample. Samples were sent to ALS Minerals laboratories in Perth and analysed for Au by 50g fire assay (Au- ICP22) and multi elements by 4 acid digest (ME- ICP61). The drilling program is reconnaissance in nature with holes sited to test coincident geological and geochemical anomalies. Drilling techniques Drill sample recovery Logging Sub-sampling techniques and sample preparation 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). 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. 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. 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 subsampling stages to maximise representativeness of samples. All holes were completed by reverse circulation (RC) drilling technique. A 4.5 face sampling hammer was used with maximum depths of 199m. Samples were visually inspected for recovery with any sample differing from the norm noted in the logs. Samples were kept dry with holes terminated if water could not be controlled and samples became wet. Sample recovery was adequate for the drilling technique with no sample bias occurring. Chip samples were geologically logged on a 1m interval by the geologist on site overseeing the drill program. A small sample of each metre was collected and archived in chip trays. Logging recorded abundance and type of minerals, veining, alteration, mineralisation, colour, weathering and rock types using a standardised logging system. All holes were logged over their entire length. Not applicable, no core drilling was conducted. All chip samples were dry and collected using a scoop. Equal portions were taken from each sample pile to produce representative 2m composite sample. Samples were sent to ALS Minerals laboratories in Perth where the entire sample was crushed, >70% -6mm fraction, then pulverised to 85% passing 75 microns or better. RC drilling maximising sample size for each metre interval is considered appropriate for representativeness of samples. Page 1 of 4

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