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REG - Empire Metals Ltd - MRE Confirms World Dominant Titanium Discovery

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RNS Number : 1665D  Empire Metals Limited  14 October 2025

Empire Metals Limited / LON: EEE, OTCQX: EPMLF / Sector: Natural Resources

 

14 October 2025

Empire Metals Limited

("Empire" or "the Company")

 

Mineral Resource Estimate Confirms Pitfield's World Dominant Titanium
Discovery

 

Empire Metals Limited, the AIM-quoted and OTCQX-traded exploration and
development company, is pleased to report a maiden Mineral Resource Estimate
('MRE') at its Pitfield Project in Western Australia ('Pitfield' or the
'Project'). The MRE is reported in accordance with the Joint Ore Reserves
Committee ('JORC') 2012 Code (The Australasian Code for Reporting of
Exploration Results, Mineral Resources, and Ore Reserves) and includes both
Indicated and Inferred categories.

 

Highlights

·    One of the largest and highest-grade titanium resources reported
globally(1), totalling:

 

                  2.2 billion tonnes grading 5.1% TiO(2) for
113 million tonnes of contained TiO(2)

 

·    The MRE is reported only for Pitfield's Thomas and Cosgrove deposits,
and contains an in-situ Weathered Zone, inclusive of both the saprolite and
weathered bedrock, of:

 

                        1.26 billion tonnes grading 5.2%
TiO(2) for 65.6 million tonnes of contained TiO(2)

 

·    The MRE also includes a significant Indicated Resource category,
predominantly at the Thomas deposit, of:

 

                        697 million tonnes grading 5.3%
TiO(2) for 37.2 million tonnes contained TiO(2)

 

·    Multi-generational mine life: the Thomas and Cosgrove deposits that
contain the MRE extend over 39km(2) and 20km(2) respectively, however they
represent less than 20% of the known mineralised surface area. The underlying
geophysical anomaly extends for kilometres below the extent of the current
depth of drilling.

 

·    High-grade, high-purity titanium mineralisation: occurs from surface,
showing exceptional grade continuity along strike and down dip.

 

·    Rapid Product Development Success: Conventional processing has
already produced a high-purity product grading 99.25% TiO(2) with negligible
impurities, suitable for titanium sponge metal or pigment production.

 

·    Friable, in-situ weathered zone: contains naturally forming TiO(2)
minerals, anatase and rutile, suitable for low-cost strip mining, with no
overburden, no inter-burden, and no blasting required.

 

·    Drilling at Thomas has defined a large, high-grade central core
averaging circa 6% TiO(2) across a continuous 3.6km strike length and over 2km
width, expected to provide sufficient feedstock for over 30 years of initial
mine life.

 

·    Further resource expansion planned: additional drilling is expected
to increase the size of the maiden MRE and upgrade portions of the resource
into Measured and Indicated categories.

 

·    Strategically located with access to global markets: Pitfield
benefits from excellent logistics, with existing rail links to deep-water
ports providing direct shipping access to Asia, USA, Europe and Saudi Arabia,
ensuring secure and efficient delivery to global titanium and critical mineral
markets.

 

(1) US Geological Survey, 2025 Summary Sheets, World Resources of Titanium
Minerals.

 

Shaun Bunn, Managing Director, said: "Pitfield is truly one of the natural
geological wonders of the world: a district scale, giant titanium rich ore
deposit which has remained hidden in plain sight until recently discovered by
Empire. Credit goes to our talented exploration and technical team who have
delivered one of the world's largest titanium MRE, a metallurgical flowsheet
and a saleable product, all within a remarkable short period of 30 months from
our first drill hole.

 

"The incredible success achieved to date has only spurred our team's
endeavours to untap the true potential of this phenomenal project and we
remain focused on completing our processing optimisation testwork and moving
rapidly into continuous piloting early next year. We have already commenced
engineering, environmental and marketing studies which combined, will help
confirm the commercial viability of Pitfield and form the basis for a Final
Investment Decision."

 

Pitfield Mineral Resource Statement (100% basis)

The Pitfield MRE incorporates the titanium mineralisation hosted within the
interbedded succession of sandstones, siltstones and conglomerates as
delineated through Diamond Core ('DD'), Reverse Circulation ('RC') and Aircore
(AC) drilling, that is supplemented with geophysical surveys, surface mapping
and soil and rock chip sampling.

 

The Pitfield MRE is being reported in accordance with the 2012 JORC Code and
estimated by a Competent Person as defined by the Code. The Pitfield MRE
contains a high percentage of Indicated category, highlighting the confidence
level of the resource within the maiden statement.

 

Notably, the MRE consists of two, distinct, high-grade, near-surface, in-situ
weathered bedrock zones referred to as the Thomas and Cosgrove Deposits, which
are defined by an area of 11.75km(2) and 2.9km(2) respectively (refer Figure
2).  The MRE is within the larger Thomas and Cosgrove prospect areas of a
combined area of 59km(2).

 

The MRE has been subdivided to show the potential mineralisation at each
prospect separately. It has been further subdivided to show the range of
mineralisation within the in-situ saprolite zone and weathered bedrock zones,
both being enriched in titanium dioxide minerals (anatase and rutile) and
extending from surface to an average depth of approximately 30m to 50m (Table
1). Additionally, the MRE includes the uppermost portion of the underlying
fresh bedrock mineralisation, which is primarily enriched with the titanium
mineral titanite, as well as some rutile and titanium-iron oxides, and is
completely open at depth.

 

Table 1 below summarises the MRE for Pitfield's Thomas and Cosgrove deposits
effective as of 13 October 2025 on a 100% basis.  Empire owns 70% of Pitfield
in a Joint Venture (JV) with Century Minerals Pty Ltd, which holds the
remaining 30% JV interest. Empire is manager of the JV and the sole operator
of the Project.  Snowden Optiro was engaged to prepare a geological resource
model for the MRE for Empire on the Pitfield Project.  The MRE was reviewed
and signed off in accordance with the JORC Code (2012) by Andrew Faragher
(MAusIMM), Exploration Manager for Empire.

 

Table 1.  Pitfield Project Mineral Resource Statement

   Mineral Resource Estimate for the Thomas Deposit, Pitfield - October 2025
 Domain         Cut-Off     Indicated                                 Inferred                                              Total Mineral Resource
 Material Type  TiO(2) (%)  Tonnes (Mt)  Grade (%)  Tonnes (kt)       Tonnes (Mt)              Grade (%)  Tonnes (kt)       Tonnes (Mt)  Grade (%)  TiO(2)

                                                                                                                                                    Tonnes (kt)
 Laterite       2.5         33           3.0              1,000                  20            5.0              1,000       53           3.8              2,000
 Saprolite                  95           5.3              5,000                  70            4.3              3,000       165          4.8              8,000
 Weathered                  461          5.4            25,000                 460             4.8            22,000        921          5.1            47,000
 Fresh                      52           5.8              3,000                580             4.8            28,000        632          4.9            31,000
 Total                      641          5.3            34,000              1,130              4.8            54,000        1,770        5.0            88,000

  Mineral Resource Estimate for the Cosgrove Deposit, Pitfield - October 2025
 Domain         Cut-Off     Indicated                                 Inferred                                              Total Mineral Resource
 Material Type  TiO(2) (%)  Tonnes (Mt)  Grade (%)  Tonnes (kt)       Tonnes (Mt)              Grade (%)  Tonnes (kt)       Tonnes (Mt)  Grade (%)  TiO(2)

                                                                                                                                                    Tonnes (kt)
 Laterite                   1.2          5.8        70                7                        5.8        406               8            5.8        476

                2.5

 Saprolite                  11           6.4        700               15                       6.0        900               26           6.2        1,600
 Weathered                  35           5.7        2,000             111                      6.3        7,000             146          6.2        9,000
 Fresh                      9            5.3        480               240                      5.4        13,000            249          5.4        13,480
 Total                      56           5.8        3,250             373                      5.7        21,306            430          5.8        24,556

 Combined Mineral Resource Estimates for the Pitfield Project - October 2025
 Domain         Cut-Off     Indicated                                 Inferred                                              Total Mineral Resource
 Material Type  TiO(2) (%)  Tonnes (Mt)  Grade (%)  Tonnes (kt)       Tonnes (Mt)              Grade (%)  Tonnes (kt)       Tonnes (Mt)  Grade (%)  TiO(2)

                                                                                                                                                    Tonnes (kt)
 Laterite       2.5         34           3.1        1,070             27                       3.1        1,406             61           4.0        2,476
 Saprolite                  106          5.4        5,700             85                       5.4        3,900             191          5.0        9,600
 Weathered                  496          5.4        27,000            571                      5.4        29,000            1,067        5.2        56,000
 Fresh                      61           5.7        3,480             820                      5.7        41,000            881          5.0        44,480
 Total                      697          5.3        37,250            1,503                    5.0        75,306            2,200        5.1        112,556

Notes:

The preceding statements of Mineral Resources conforms to the Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves
(JORC Code) 2012 Edition.  All tonnages reported are dry metric tonnes.
Minor discrepancies occur due to rounding to appropriate significant figures.
The MRE is reported above a 2.5% TiO(2) cut-off, constrained to a Reasonable
Prospects for Eventual Economic Extraction (RPEEE) pitshell.

About the Pitfield Project

Located within the Mid-West region of Western Australia, near the northern
wheatbelt town of Three Springs, the Pitfield titanium project lies 313km
north of Perth and 156km southeast of Geraldton, the Mid West region's capital
and major port. Western Australia is a Tier 1 mining jurisdiction, with
mining-friendly policies, stable government, transparency, and advanced
technology expertise. Pitfield has existing connections to port (both road
& rail), HV power substations, and is nearby to natural gas pipelines as
well as a green energy hydrogen fuel hub, which is under planning and
development (refer Figure 1).

Figure 1. Pitfield Project Location showing the Mid-West Region Infrastructure
and Services

 

Thomas and Cosgrove MRE

The MRE has been completed on the Thomas and Cosgrove Deposits, which are
located approximately 10km south-west and north-west of the town of Three
Springs respectively. The Thomas Deposit has significantly more drill holes
then the Cosgrove Deposit, due to the extensive drilling programme that was
completed there in July 2025 (announced 8 July 2025). The greater drilling
density at Thomas has resulted in a far larger MRE at Thomas than at Cosgrove,
however further MRE grid drilling (AC/RC) is planned at Cosgrove over the next
six months.  Further infill MRE drilling at the Thomas Deposit (AC/RC) is
scheduled for Q1/Q2 CY 2026 with drill holes to be drilled on existing cleared
track lines within native vegetation areas under a standard clearance permit,
while diamond drilling is scheduled in Q4 CY 2025 at Thomas focused on
metallurgical and geotechnical work.

It is important to note that the maiden MRE presented herein is constrained by
only the current number and density of drill holes and not currently by
geology or extent of TiO(2) mineralisation.  Additional resource development
drilling is planned that is fully anticipated to both enlarge this maiden MRE
but also provide for more higher confidence category tonnages, including both
Measured and Indicated categories.  This maiden MRE provides, without
constraint, the basis for the preliminary engineering and economic studies
that are underway.

 

Figure 2: MRE outlines for Thomas and Cosgrove Deposits with background images
of airborne gravity survey results with the location of the AC, RC and DD
drillholes

 

Geology and Mineralisation Style

Pitfield lies in a unique geological setting along the western boundary of the
Yilgarn Craton, within the Yandanooka Basin which consists mainly of
interbedded sandstones, siltstone and conglomerates.  The Basin is situated
between the Eurella Fault to the west and the Darling Range Fault to the east,
and is interpreted to be approximately 9km deep.  Crustal mapping by
Geoscience Australia shows there are several deep crustal faults intersecting
beneath the Yandanooka Basin and these faults are potentially the conduits of
hydrothermal fluids that have strongly altered the host sediments and provided
an upgrade to the titanium mineralisation.

 

The titanium mineralisation is associated predominantly with anatase and
rutile in the weathered cap and titanite and rutile in the underlying fresh
bedrock. Three distinct events have controlled the formation and nature of the
titanium mineralisation.  A Ti-rich magmatic intrusion was initially formed,
uplifted and eroded into a shallow basin whereby titanium minerals were
concentrated into beds as the sediments were sorted by a natural density-based
segregation on a significantly larger extent than occurs in surficial mineral
sand type deposits. A subsequent hydrothermal event and regional greenschist
metamorphism then altered the host sediments and titanium minerals within the
sediments and produced an alteration assemblage dominated by titanite
(CaTiSiO5), hematite, epidote, carbonate and chlorite. The titanium
mineralisation was further upgraded by intense weathering altering the
titanite to anatase by removal of the calcium and silica.  The consequence of
this geological history has been the upgrading of TiO(2) content in the ore
mineralogy ultimately to >95% TiO(2) in the anatase found in the weathered
cap.  Uniquely, nature has in fact done much of the processing for Empire at
Pitfield.

 

The mineralisation is completely stratabound and the best mineralisation is
found within the weathered cap whereby the sandstones, siltstone and
conglomerates have been altered to saprolite, predominantly quartz and kaolin
and the titanite has altered to anatase (TiO(2)). The weathered bedrock
consists of altered rock, but weathering is less intense, quartz and kaolin
are predominant but as the weathering profile turns to fresher material there
is an increase in chlorite, epidote, mica, hematite and carbonate; the anatase
content decreases and the titanite content increases.

 

The Pitfield MRE incorporates the Thomas and Cosgrove Deposits. Both Thomas
and Cosgrove deposits (see Figures 2, 3 & 4) have near-surface, high-grade
mineralisation that contains significant quantities of Indicated Mineral
Resources. Thomas and Cosgrove both have large, high-grade central cores as
per the Block Model. This in-situ weathered cap at Thomas alone would be
sufficient to provide adequate feed for the first of several generational mine
lives.

 

Figure 3.  Thomas Deposit: Location with MRE outline and drill collars

Figure 4. Cosgrove Deposit: Location with MRE outline and drill collars

Drilling Techniques

Drilling was undertaken between 2023 and 2025 with all drilling managed
entirely by Empire using contractors. RC holes were drilled at a diameter of
146mm, AC holes were drilled at a diameter of 90mm or 76mm. Diamond core holes
were drilled using PQ3 (85mm,) HQ3 (61mm) or NQ2 (51mm) equipment. Drill core
was oriented using the industry standard Reflex orientation tool.

 

Twin drilling was conducted between five drillhole pairs for a comparison of
air core to both diamond and reverse circulation with little difference
between the grade of the RC and AC twin drillholes.

 

Table 2: Drilling (drillholes with assays) metrics by prospect, year and hole
type

                    Thomas         Cosgrove                                Other Areas
 Year    Hole Type  Count  Metres  Count               Metres              Count   Metres
 2023    RC         11     1,712   13                  1,848               36      5,343
         DD         1      408     1                   400                 1       408
 2024    RC         19     2,926   20                  3,006               1       154
         DD         7      771     7                   715
 2025    AC         183    8,679   42                  2111
         RC         40     3,776
 Totals             261    18,271  83                  8,080               38      5,905

 

Since commencing the maiden drilling campaign at Pitfield on 27 March 2023,
Empire has completed 382 drill holes for a total 32,256 metres comprising:

 

•             17 DD drill holes for 2,704 m

•             140 RC drill holes for 18,764 m

•             225 AC drill holes for 10,797 m.

 

Sampling Techniques

Sampling at Thomas and Cosgrove utilised standard procedures employed across
all drilling methods, with samples considered representative for the purposes
of reporting.

 

•             Air core (AC) samples were collected directly from
an AC drill rig using a cone splitter at intervals every 2m downhole.

•             Reverse circulation (RC) samples were collected
directly from an RC drill rig using a cone splitter at intervals every 2m
downhole.

•             Diamond core samples were taken from the diamond
core (HQ and NQ) that was sawn in half, with half going for assay and other
half retained in core tray. Hole drilled with PQ, predominantly for
metallurgical samples, were cut in half and then one half cut in quarter. The
quarter was sent for assay and the remaining three quarters retained for
metallurgical sampling. Samples were taken based on the geological logging of
the drill holes.

 

Sample Preparation and Assay

Sample preparation for all AC, RC and DD samples was undertaken at Intertek
Minerals laboratory in Maddington WA, where the samples received were sorted
and dried. Primary preparation for diamond core samples was to crush each
sample in its entirety to 3mm. AC and RC samples were primarily crushed to
3mm. Larger volume samples (>5kg) were split with a riffle splitter. All
samples were pulverised via robotic pulveriser. Internal screen sizing QAQC is
done at 90% passing 75um.

 

Prior to October 2024 a 4-acid digestion was used with ICP-MS finish
(procedure 4A/MS48) as the initial assay technique.  If the initial Ti values
exceeded 2% Ti, the samples were re-assayed using a borate fusion digestion to
ensure complete dissolution of Ti-bearing minerals, with a ICP-OES analytical
finish (procedure FP1/OM).

 

In October 2024 the analytical methodology was modified to reduce the number
of initial elements analysed to 33. The samples underwent a 4-acid digestion
and were analysed by ICP-OES finish (procedure 4A/OE33). All samples with
initial values exceeding 2% Ti were analysed again with an ICP-OES finish, but
with a borate fusion digestion to ensure complete sample dissolution and total
TiO(2) mineral assaying.

 

Certified analytical standards were inserted with sample numbers ending in 00,
25, 50 and 75 within the numbering sequence for all AC, RC and DD samples.

 

Duplicates were inserted with sample numbers ending in 20, 40, 60 and 80
sample numbers within the numbering sequence for all AC and RC samples.

 

Bulk Density

A total of 42 bulk density values were collected from diamond drill core from
both Thomas and Cosgrove; the samples came from the saprolite, weathered
bedrock and fresh bedrock zones and were sent to Terra Petrophysics in
O'Connor, Perth. The density determinations were made using conventional
laboratory procedures. The buoyancy (specific gravity) method is used to
determine bulk rock densities, after the samples are saturated with distilled
water for 24 hours. Dry bulk densities are determined by dry weight divided by
the buoyancy determined volume of each sample. Porosities are calculated from
water saturated weights, dry weights, and the buoyancy-determined volume.

 

The accuracy of the buoyancy technique of density measurement is better than
0.1 grams per cubic centimetre. The results of the laboratory density
determinations are reported in grams per cubic centimetre.

 

Estimation Methodology

Geological interpretation was completed using Leapfrog Geo (v 2025.2.1)
software to construct a material type (cover, saprolite, weathered and fresh
rock domains) model, which used a combination of geological logging and
element geochemical data. A further geological model representing the
principle lithological units was constructed using logging codes to represent
the Yandanooka sandstone and interbedded conglomerate units present at both
deposits. Mineralisation domains were defined using a lower modelling cut-off
approximating a 2% TiO(2) threshold, with a clear northwest-southeast trending
boundary striking through both the Cosgrove and Thomas deposits.

 

Exploratory data analysis was then conducted by reviewing multi-element
geochemical relationships for TiO(2) with Al, Fe, Ca, Mg, K and Na in each of
the forementioned domains. Estimation domains were defined based on weathering
intensity and above and below the TiO(2) modelling cut-off.

 

Drillholes were composited to 2m increments, representing the typical sampling
interval used. Geostatistical analysis and grade continuity modelling was
reviewed using Datamine's Snowden Supervisor Software (v8.15.2) and estimation
conducted using Datamine's Studio RM Pro (v2.1.125.0).

The TiO(2) grade was estimated using ordinary kriging, employing a three-pass
estimation strategy within parent blocks measuring 50 m(X) by 50 m(Y) by
10 m(RL). Sub-blocking was permitted to 2m in all directions.

 

Variograms were modelled separately for each deposit using normal scores
transformed data, which was back-transformed on export. At Thomas, the nugget
effect was modelled at <20% of total variance, with the remaining three
structures modelled at 155m (0.31), 285m (0.11), and 535m (0.41). The
variogram is aligned 000->345 for the major direction, 00->255 for the
semi-major and 90->000 for the minor (vertical). Cosgrove has less data
outside of the closely spaced drill area. At Cosgrove, the nugget effect
accounted for approximately 25% of variance of the data. The remaining two
structures were modelled at 125m (0.316) and 375m (0.435). The orientations
were like Thomas, however favoured a slight rotation of the major to
00->340 was used, with 00->070 for the semi-major and 90->00 for the
minor.

 

Density was assigned to the parent blocks based on bulk densities determined
form the Archimedes water immersion method, conducted at Terra Resources. A
total of 40 samples from both deposits were submitted across all weathering
types. Density were assigned to the block model on the basis of material type,
as per Table 3 below.

 

Table 3: Bulk densities applied at Cosgrove and Thomas deposits

 Material type                 Number of samples  Mean bulk density t/m(3)  Applied bulk density t/m(3)
 Cover (sand)                  1                  2.06                      1.70
 Laterite                      1                  1.78                      1.78
 Saprolite                     6                  2.02                      2.02
 Weathered sandstone           25                 2.14                      2.14
 Fresh sandstone/conglomerate  7                  3.07                      3.07

 

Due to the size of the deposits, any un-estimated blocks were hard-coded and
were flagged in the model by way of an indicator variable and excluded from
classified Mineral Resources.

 

 Figure 5.  Thomas Deposit: MRE Block Model highlighting high grade core.

Figure 6.  Cosgrove Deposit: MRE Block Model highlighting high grade zones.

 

Cut-off grade(s) and basis of selection

A cut-off grade of 2.5% TiO(2) was used and determined from optimisation
studies which indicated a break-even cut-off of 2.36% TiO(2). Grade and tonnes
have been reported within a constrained pit shell reported from a Whittle
optimisation. The underlying parameters are listed in Table 4.

 

This decision was based on a high-level preliminary evaluation of potential
modifying factors.

 

Table 4: Open pit RPEEE optimisation inputs

 Item                          Units               Value    Comment
 Factors
 Dilution                      %                   0        Snowden Optiro assumption - bulk commodity
 Mining recovery               %                   100      Snowden Optiro assumption - bulk commodity
 Process recovery              %                   70       Empire provided data
 Financial
 Price - TiO(2)                US$/t TiO(2) (FOB)  2,500    Empire provided data to Snowden Optiro based on external expert advice
 Costs
 Mining                        US$/t rock          3        Empire provided data
 Incremental ore cost          US$/t rock          0.5      Snowden Optiro assumption
 Processing                    US$/t rock          38       Empire provided assumption
 G&A                           US$/t rock          1.5      Snowden Optiro assumption
 Total ore cost                                    40
 Product transport             US$/t TiO(2)        20       160 km to Geraldton Port
 Royalty                       % price             2.5      WA state royalty
                                                   Geotech
 Saprolite                     degrees             40       Snowden Optiro assumption
 Weathered/fresh               degrees             45       Snowden Optiro assumption
 Marginal cut-off calculation  % TiO(2)            2.36     Calculation

NB* Calculation derived from Total ore cost / (Process
recovery*(Price*(1-Royalty)-Product Transport))*100

See JORC Table 1 Section 2 for more detailed explanation.

 

Future Drilling to Support MRE Upgrade in 2026

The MRE model is currently being reviewed to ensure future drilling supports
an MRE upgrade in mid CY 2026, focused on conversion of some Indicated
Resources to Measured at Thomas and Cosgrove deposits.  This MRE upgrade
would further assist with mine development planning, as well as growth in the
overall resource from a substantial Cosgrove MRE grid drilling and Thomas
infill drilling programmes, further bulk density work to increase density
figure used and ongoing metallurgical test work focused on determining a final
process flow sheet and end product specifications.

 

The Mineral Resource Estimate for Cosgrove is estimated based on the limited
drilling completed to date, with no MRE grid drilling completed on a large
scale.

 

The Company has lodged a Programme of Works with the WA government's
Department of Mining, Petroleum and Exploration to support an extensive grid
drill out of the Cosgrove Deposit over the next six months.  The grid
drilling will be designed primarily based on the Thomas MRE grid drilling,
being AC drilling on a 400m by 200m lines over a 2km by 5km area and infill RC
drilling.

 

The Company plans to use this planned drilling as a basis to upgrade and
expand the Cosgrove MRE.

 

Further drilling at the Thomas Deposit is being reviewed on the basis of
increasing confidence in the weathered zone to support future scoping
studies.  The Company will base any future drilling at the Thomas Deposit on
the ability to increase the confidence of the resource, i.e. targeting a
Measured Classification Resource, as well as to increase the size of the
resource by additional grid drilling, both internally within the resource
(i.e. in areas that have not yet been infill drilled) and also outside the
extent of the resource.  The focus on Thomas will be the existing high grade
core of the resource which sits withing the existing Thomas MRE.

 

Classification

The MRE has been classified following the guidelines of the Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012
(the JORC Code). The MRE has been classified as Inferred and Indicated on the
basis of confidence in geological and grade continuity, the quality of the
sampling and assay data, and confidence in the estimation of titanium across
the deposit. This is based on the robustness of the grade estimate as
determined from the drillhole spacing, geological confidence and grade
continuity.

Figure 7.  Thomas Deposit: MRE Pitshell Outline with Indicated and Inferred
Categories.

Figure 8.  Cosgrove Deposit: MRE Pitshell Outline with Indicated and Inferred
categories.

Mineralogy and Metallurgical Factors or Assumptions

 

The main titanium minerals at Pitfield are anatase (TiO(2)) within the
saprolite and weathered bedrock and titanite (CaTiSiO(5)) within the fresh
bedrock, rutile (TiO(2)) is found within all rock types. The minerals have
been identified from thin section petrography, SEM and microprobe work.  The
microprobe work has identified that there are no deleterious elements within
the anatase, rutile or titanite.

 

Metallurgical testwork has been undertaken on a range of samples from the
exploration programme. The focus of the testwork has been on the weathered
zones, as this is near-surface and extensive. There has been some limited
testwork in the underlying fresh bedrock zone and this will continue in
subsequent testwork programmes as the flowsheet details start to be confirmed.
It is likely that only small modification to the process flowsheet would be
required in order to treat the fresh bedrock ore, this assumption will be
tested as the project progresses.

 

Multiple samples from DD core drilling and AC drilling programmes have been
selected for metallurgical testwork. Testwork is being managed by Empire's
technical team and being undertaken at a number of commercial laboratories in
Perth, Western Australia. The programme has three key areas:

·  Understanding the mineralogy and physical characteristics of the
mineralisation that influence metallurgical performance

·      Mineral separation process development

·      Elemental extraction process development

 

Progress results have been reported previously via RNS, including most
recently:

·      "Breakthrough in Process development" (28/08/25)

·      "Exceptional High-Purity TiO(2) Product Achieved" (09/06/25)

·      "Significant Progress Achieved on Process Flowsheet" (13/02/25)

 

Competent Person Statement

The technical information in this report that relates to the Pitfield Project
has been compiled by Mr Andrew Faragher, an employee of Empire Metals
Australia Pty Ltd, a wholly owned subsidiary of Empire. Mr Faragher is a
Member of the Australian Institute of Mining and Metallurgy (AusIMM). Mr
Faragher has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activity
being 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 Faragher consents to the inclusion in
this release of the matters based on his information in the form and context
in which it appears.

 

The scientific and technical information in this report that relates to
process metallurgy is based on information reviewed by Ms Narelle Marriott, an
employee of Empire Metals Australia Pty Ltd, a wholly owned subsidiary of
Empire. Ms Marriott is a member of the AusIMM and has sufficient experience
relevant to the style of mineralisation and type of deposit under
consideration and to the activity being undertaken to qualify as a Competent
Person as defined in the JORC Code 2012. Ms. Marriott consents to the
inclusion in this announcement of the matters based on their information in
the form and context in which it appears.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014, as incorporated into UK law by the European Union (Withdrawal) Act
2018, until the release of this announcement.

 

**ENDS**

 

For further information please visit www.empiremetals.co.uk
(http://www.empiremetals.co.uk) or contact:

 Empire Metals Ltd

 Shaun Bunn / Greg Kuenzel / Arabella Burwell                                            Tel: 020 4583 1440
 S. P. Angel Corporate Finance LLP (Nomad & Broker)                                      Tel: 020 3470 0470

 Ewan Leggat / Adam Cowl
 Shard Capital Partners LLP (Joint Broker)                                               Tel: 020 7186 9950

 Damon Heath / Erik Woolgar
 St Brides Partners Ltd (Financial                                                       Tel: 020 7236 1177
 PR)

 Susie Geliher / Charlotte Page

 

About Empire Metals Limited

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource
development company focused on the rapid commercialisation of the Pitfield
Titanium Project, located in Western Australia.  The titanium discovery at
Pitfield is of unprecedented scale, and hosts one of the largest and
highest-grade titanium resources reported globally, with a Mineral Resource
Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113
million tonnes of contained TiO₂.

 

The MRE, which covers only the Thomas and Cosgrove deposits, includes a
weathered zone resource of 1.26 billion tonnes at 5.2% TiO₂ and a
significant Indicated Resource of 697 million tonnes at 5.3% TiO₂,
predominantly from the Thomas deposit.  Titanium mineralisation at Pitfield
occurs from surface and displays exceptional grade continuity along strike and
down dip. The MRE extends across just 20% of the known mineralised footprint,
providing substantial potential for further resource expansion.

 

Conventional processing has already produced a high-purity product grading
99.25% TiO₂, suitable for titanium sponge metal or pigment feedstock. The
friable, in-situ weathered zone supports low-cost, strip mining without the
need for blasting or overburden removal.

 

With excellent logistics and established infrastructure, including rail links
to deep-water ports with direct access to Asia, the USA, Europe and Saudi
Arabia, Pitfield is strategically positioned to supply the growing global
demand for titanium and other critical minerals.

 

Empire is now accelerating the economic development of Pitfield, with a vision
to produce a high-value titanium metal and/or pigment quality product at
Pitfield, to realise the full value potential of this exceptional deposit.

 

The Company also has two further exploration projects in Australia; the
Eclipse Project and the Walton Project in Western Australia, in addition to
three precious metals projects located in a historically high-grade gold
producing region of Austria.

 

GLOSSARY OF TERMS AND ABBREVIATIONS

 

The following definitions are extracted from the JORC Code, 2012 Edition

 

 Indicated Mineral Resource        An 'Indicated Mineral Resource' is that part of a Mineral Resource for which
                                   quantity, grade (or quality), densities, shape and physical characteristics
                                   are estimated with sufficient confidence to allow the application of Modifying
                                   Factors in sufficient detail to support mine planning and evaluation of the
                                   economic viability of the deposit. Geological evidence is derived from
                                   adequately detailed and reliable exploration, sampling and testing gathered
                                   through appropriate techniques from locations such as outcrops, trenches,
                                   pits, workings and drill holes, and is sufficient to assume geological and
                                   grade (or quality) continuity between points of observation where data and
                                   samples are gathered. An Indicated Mineral Resource has a lower level of
                                   confidence than that applying to a Measured Mineral Resource and may only be
                                   converted to a Probable Ore Reserve.
 Inferred Mineral Resource         An 'Inferred Mineral Resource' is that part of a Mineral Resource for which
                                   quantity and grade (or quality) are estimated on the basis of limited
                                   geological evidence and sampling. Geological evidence is sufficient to imply
                                   but not verify geological and grade (or quality) continuity. It is based on
                                   exploration, sampling and testing information gathered through appropriate
                                   techniques from locations such as outcrops, trenches, pits, workings and drill
                                   holes. An Inferred Mineral Resource has a lower level of confidence than that
                                   applying to an Indicated Mineral Resource and must not be converted to an Ore
                                   Reserve. It is reasonably expected that the majority of Inferred Mineral
                                   Resources could be upgraded to Indicated Mineral Resources with continued
                                   exploration.
 JORC                              JORC stands for Australasian Joint Ore Reserves Committee (JORC). The Code
                                   for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the
                                   JORC Code) is widely accepted as the definitive standard for the reporting of
                                   a company's resources and reserves. The latest JORC Code is the 2012
                                   Edition.
 Measured Mineral Resource         A 'Measured Mineral Resource' is that part of a Mineral Resource for which
                                   quantity, grade (or quality), densities, shape, and physical characteristics
                                   are estimated with confidence sufficient to allow the application of Modifying
                                   Factors to support detailed mine planning and final evaluation of the economic
                                   viability of the deposit. Geological evidence is derived from detailed and
                                   reliable exploration, sampling and testing gathered through appropriate
                                   techniques from locations such as outcrops, trenches, pits, workings and drill
                                   holes, and is sufficient to confirm geological and grade (or quality)
                                   continuity between points of observation where data and samples are gathered.
                                   A Measured Mineral Resource has a higher level of confidence than that
                                   applying to either an Indicated Mineral Resource or an Inferred Mineral
                                   Resource. It may be converted to a Proved Ore Reserve or under certain
                                   circumstances to a Probable Ore Reserve
 Mineral Reserves or Ore Reserves  An 'Ore Reserve' is the economically mineable part of a Measured and/or

                                 Indicated Mineral Resource. It includes diluting materials and allowances for
                                   losses, which may occur when the material is mined or extracted and is defined
                                   by studies at Pre-Feasibility or Feasibility level as appropriate that include
                                   application of Modifying Factors. Such studies demonstrate that, at the time
                                   of reporting, extraction could reasonably be justified.
 Mineral Resource                  A 'Mineral Resource' is a concentration or occurrence of solid material of
                                   economic interest in or on the Earth's crust in such form, grade (or quality),
                                   and quantity that there are reasonable prospects for eventual economic
                                   extraction. The location, quantity, grade (or quality), continuity and other
                                   geological characteristics of a Mineral Resource are known, estimated or
                                   interpreted from specific geological evidence and knowledge, including
                                   sampling. Mineral Resources are sub-divided, in order of increasing geological
                                   confidence, into Inferred, Indicated and Measured categories.

 

JORC Code, 2012 Edition - Table 1 report template
Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

 Sampling techniques                                      ·    Nature and quality of sampling (eg cut channels, random chips, or           ·    Air core (AC) samples were collected directly from an AC drill rig
                                                          specific specialised industry standard measurement tools appropriate to the      using a cone splitter at intervals every 2m downhole.
                                                          minerals under investigation, such as down hole gamma sondes, or handheld XRF

                                                          instruments, etc). These examples should not be taken as limiting the broad      ·    Reverse circulation (RC) samples were collected directly from an RC
                                                          meaning of sampling.                                                             drill rig using a cone splitter at intervals every 2m downhole.

                                                          ·    Include reference to measures taken to ensure sample representivity         ·    Diamond core samples were taken from the diamond core (HQ and NQ)
                                                          and the appropriate calibration of any measurement tools or systems used.        that was sawn in half, with half going for assay and other half retained in

                                                                                core tray. Hole drilled with PQ, predominantly for metallurgical samples, were
                                                          ·    Aspects of the determination of mineralisation that are Material to         cut in half and then one half cut in quarter. The quarter was sent for assay
                                                          the Public Report.                                                               and the remaining three quarters retained for metallurgical sampling. Samples

                                                                                were taken based on the geological logging of the drill holes.
                                                          ·    In cases where 'industry standard' work has been done this would be

                                                          relatively simple (eg 'reverse circulation drilling was used to obtain 1 m       ·    Duplicates were inserted with sample numbers ending in 20, 40, 60 and
                                                          samples from which 3 kg was pulverised to produce a 30 g charge for fire         80 within the numbering sequence and were collected at the same time as the
                                                          assay'). In other cases more explanation may be required, such as where there    original sample through the chute of the cone splitter. Blanks were inserted
                                                          is coarse gold that has inherent sampling problems. Unusual commodities or       at the beginning of each hole and CRM's were inserted every 25 samples.  The
                                                          mineralisation types (eg submarine nodules) may warrant disclosure of detailed   Ti grade range of the CRM's went for <0.5% to <9% Ti to ensure coverage
                                                          information.                                                                     over the range of Ti values that have been seen at Pitfield.

                                                                                                                                           ·    Sample preparation was undertaken at Intertek Minerals laboratory in
                                                                                                                                           Maddington WA, where the samples received were sorted and dried. Primary
                                                                                                                                           preparation for diamond core samples, crush each sample in its entirety to
                                                                                                                                           3mm. RC samples were primarily crushed to 3mm. Larger volume samples (>5kg)
                                                                                                                                           were split with a riffle splitter. All samples were pulverised via robotic
                                                                                                                                           pulveriser. Internal screen sizing QAQC is done at 90% passing 75um.
 Drilling techniques                                      ·    Drill type (eg core, reverse circulation, open-hole hammer, rotary          ·    Diamond drilling techniques varied dependent on which phase of
                                                          air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or   drilling, during phase 2 rock rollers were used at the top of hole until
                                                          standard tube, depth of diamond tails, face-sampling bit or other type,          competent rock intersected and HQ sized core was drilled (63.5mm diameter) to
                                                          whether core is oriented and if so, by what method, etc).                        a depth of approximately 100m and then NQ2 sized core was drilled (50.6mm
                                                                                                                                           diameter) to the bottom of the hole.

                                                                                                                                           ·    Drilling in phase 3 and 4 employed PQ size core (83mm diameter) from
                                                                                                                                           surface to obtain core for geological, geochemical and metallurgical samples,
                                                                                                                                           once PQ core hit competent bedrock HQ size core was drilled to the bottom of
                                                                                                                                           the hole.

                                                                                                                                           ·    Where RC drilling techniques were employed holes were drilled from
                                                                                                                                           surface using a nominal 140mm face sampling RC drill bit.

                                                                                                                                           ·    AC drilling was carried out from surface with a 76mm air core blue
                                                                                                                                           bit
 Drill sample recovery                                    ·    Method of recording and assessing core and chip sample recoveries and       ·    Diamond core was reconstructed into continuous runs. Depths were
                                                          results assessed.                                                                measured from the core barrel and checked against marked depths on the core

                                                                                blocks. Core recoveries are very high with >95% of the drill core having
                                                          ·    Measures taken to maximise sample recovery and ensure representative        recoveries of >99%
                                                          nature of the samples.

                                                                                ·    RC sample quality was monitored by the onsite geologist. The sampling
                                                          ·    Whether a relationship exists between sample recovery and grade and         methodology from the rig was consistent throughout the drilling program.
                                                          whether sample bias may have occurred due to preferential loss/gain of

                                                          fine/coarse material.                                                            ·    AC sample quality was monitored by the onsite geologist. The sampling
                                                                                                                                           methodology from the rig was consistent throughout the drilling program.

                                                                                                                                           ·    Overall high drill sample recoveries limit the potential to introduce
                                                                                                                                           any sample bias. Duplicate samples are all within tolerance limits and
                                                                                                                                           therefore no sample bias has been introduced.
 Logging                                                  ·    Whether core and chip samples have been geologically and                    ·    Detailed diamond drill core logging was carried out, recording
                                                          geotechnically logged to a level of detail to support appropriate Mineral        weathering, lithology, alteration, mineralisation, structure and mineralogy.
                                                          Resource estimation, mining studies and metallurgical studies.                   Drill core was logged by Empire Metals full time geologists. Drill core

                                                                                logging is qualitative. Drill core was photographed wet and dry in core trays
                                                          ·    Whether logging is qualitative or quantitative in nature. Core (or          prior to sampling. Core from the entire drill hole was logged.
                                                          costean, channel, etc) photography.

                                                                                ·    Detailed RC drill chip logging of every entire drill hole was carried
                                                          ·    The total length and percentage of the relevant intersections logged.       out, recording weathering, lithology, alteration, veining, mineralisation and
                                                                                                                                           mineralogy. RC logging on the project has been carried out by Empire Metals
                                                                                                                                           full time geologists and contractors.  RC logging is qualitative. RC chips
                                                                                                                                           were collected in chip trays. Photographs of chip trays were captured.

                                                                                                                                           ·    Detailed AC drill chip logging of every entire drill hole was carried
                                                                                                                                           out, recording weathering, lithology, alteration, veining, mineralisation and
                                                                                                                                           mineralogy. AC logging on the project has been carried out by Empire Metals
                                                                                                                                           full time geologists and contractors.  AC logging is qualitative. RC chips
                                                                                                                                           were collected in chip trays. Photographs of chip trays were captured.

                                                                                                                                           ·    Rock chips were collected as part of a detailed surface geological
                                                                                                                                           mapping program. Qualitative field logging of the rocks was completed in the
                                                                                                                                           field including assessment of weathering, lithology, alteration, veining,
                                                                                                                                           mineralisation and mineralogy by Empire Metals geologists and consultants.
 Sub-sampling techniques and sample preparation           ·    If core, whether cut or sawn and whether quarter, half or all core          ·    Air core (AC) samples were collected directly from an AC drill using
                                                          taken.                                                                           a static cone splitter at 2m intervals down hole. Both dry and wet samples

                                                                                were collected. Duplicates were inserted with sample numbers ending in 20, 40,
                                                          ·    If non-core, whether riffled, tube sampled, rotary split, etc and           60 and 80 within the numbering sequence. CRM's inserted with sample numbers
                                                          whether sampled wet or dry.                                                      ending in 00, 25, 50 and 75 within the numbering sequence. Blanks inserted at

                                                                                the beginning of the hole.
                                                          ·    For all sample types, the nature, quality and appropriateness of the

                                                          sample preparation technique.                                                    ·    Reverse circulation (RC) samples were collected directly from an RC

                                                                                drill using a static cone splitter at 2m intervals down hole. Both dry and wet
                                                          ·    Quality control procedures adopted for all sub-sampling stages to           samples were collected. Duplicates were inserted with sample numbers ending in
                                                          maximise representivity of samples.                                              20, 40, 60 and 80 within the numbering sequence. CRM's inserted with sample

                                                                                numbers ending in 00, 25, 50 and 75 within the numbering sequence. Blanks
                                                          ·    Measures taken to ensure that the sampling is representative of the         inserted at the beginning of the hole.
                                                          in situ material collected, including for instance results for field

                                                          duplicate/second-half sampling.                                                  ·    Diamond core samples were taken from the diamond core (PQ, HQ and NQ)

                                                                                that was sawn in half and then one half cut for assay samples and
                                                          ·    Whether sample sizes are appropriate to the grain size of the               metallurgical samples. Samples were taken based on the geological logging of
                                                          material being sampled.                                                          the drill holes. Standards inserted with sample numbers ending in 00, 25, 50
                                                                                                                                           and 75 within the numbering sequence.

                                                                                                                                           ·    Sample preparation was undertaken at Intertek Minerals laboratory in
                                                                                                                                           Maddington WA, where the samples received were sorted and dried. Primary
                                                                                                                                           preparation for diamond core samples, crush each sample in its entirety to
                                                                                                                                           3mm. RC samples were primarily crushed to 3mm. Larger volume samples (>5kg)
                                                                                                                                           were split with a riffle splitter. All samples were pulverised via robotic
                                                                                                                                           pulveriser. Internal screen sizing QAQC is done at 90% passing 75um.

                                                                                                                                           ·    Duplicate samples are all within tolerance limits and therefore no
                                                                                                                                           sample bias has been introduced.
 Quality of assay data and laboratory tests               ·    The nature, quality and appropriateness of the assaying and                 ·    Sample preparation for all AC, RC and diamond samples was undertaken
                                                          laboratory procedures used and whether the technique is considered partial or    at Intertek Minerals laboratory in Maddington WA, where the samples received
                                                          total.                                                                           were sorted and dried. Primary preparation for diamond core samples was to

                                                                                crush each sample in its entirety to 3mm. AC and RC samples were primarily
                                                          ·    For geophysical tools, spectrometers, handheld XRF instruments, etc,        crushed to 3mm. Larger volume samples (>5kg) were split with a riffle
                                                          the parameters used in determining the analysis including instrument make and    splitter. All samples were pulverised via robotic pulveriser. Internal screen
                                                          model, reading times, calibrations factors applied and their derivation, etc.    sizing QAQC is done at 90% passing 75um.

                                                          ·    Nature of quality control procedures adopted (eg standards, blanks,         ·    Prior to October 2024 a 4 acid digest was used with ICPMS finish
                                                          duplicates, external laboratory checks) and whether acceptable levels of         (4A/MS48) as the initial assay technique, if the Ti assay values were >2%
                                                          accuracy (ie lack of bias) and precision have been established.                  Ti, the samples were re-assayed using a borate fusion digest to ensure
                                                                                                                                           complete digest of Ti minerals, these were then analysed by ICPOES (FP1/OM).

                                                                                                                                           ·    In October 2024 the analytical methodology was altered to reduce the
                                                                                                                                           number of initial elements analysed to 33. This was done with a 4-acid digest
                                                                                                                                           and samples analysed by ICPOES (4A/OE33). If Ti >2% then the samples were
                                                                                                                                           re-assayed using a borate fusion digest used and analysed by ICPOES (FP1/OM).

                                                                                                                                           ·    Certified analytical standards were inserted with sample numbers
                                                                                                                                           ending in 00, 25, 50 and 75 within the numbering sequence for all AC, RC and
                                                                                                                                           diamond samples.

                                                                                                                                           ·    Duplicates were inserted with sample numbers ending in 20, 40, 60 and
                                                                                                                                           80 sample numbers within the numbering sequence for all AC and RC samples.
 Verification of sampling and assaying                    ·    The verification of significant intersections by either independent         ·    Senior technical personnel from the Company (Exploration Manager and
                                                          or alternative company personnel.                                                Senior Geologist) verified significant intersections.

                                                          ·    The use of twinned holes.                                                   ·    Logging and sampling were recorded on digital logging and digital

                                                                                sample sheets. Data validation was completed by geologist on the rig.
                                                          ·    Documentation of primary data, data entry procedures, data                  Information was imported into Empire Metals database after data validation by
                                                          verification, data storage (physical and electronic) protocols.                  Empire geologists. Geological consultants were also used for data QAQC.

                                                          ·    Discuss any adjustment to assay data.                                       ·    Digital data storage is managed by the company at its offices in
                                                                                                                                           Perth.

                                                                                                                                           ·    No adjustments or calibrations have been made to any assay data.

                                                                                                                                           ·    Two twinned holes were drilled at the Thomas prospect, the original
                                                                                                                                           RC holes were twinned with AC holes to determine if the AC would provide
                                                                                                                                           equivalent sample integrity and similar grade. The analysis done on the
                                                                                                                                           results showed that there was no problem with sample size or integrity and the
                                                                                                                                           grade over the length of the same size hole was within 0.5% TiO(2) i.e. 6.5%
                                                                                                                                           TiO(2) in original RC hole and 6.1% TiO(2) in twinned AC hole.

                                                                                                                                           ·    All QAQC samples, blanks, duplicates and CRM's display results within
                                                                                                                                           acceptable levels of accuracy and precision.
 Location of data points                                  ·    Accuracy and quality of surveys used to locate drill holes (collar          ·    Drill hole collar locations drilled between March 2023 and February
                                                          and down-hole surveys), trenches, mine workings and other locations used in      2025 were surveyed by Empire geologists using a handheld Garmin GPS with the
                                                          Mineral Resource estimation.                                                     expected relative accuracy of 4m for easting, northing and elevation

                                                                                coordinates. Drill hole collars from March 2025 were picked up by a licenced
                                                          ·    Specification of the grid system used.                                      surveyor using a digital GPS to an accuracy of 20mm in easting, northing and

                                                                                elevation coordinates. Collar locations are recorded in the Empire Metals
                                                          ·    Quality and adequacy of topographic control.                                database

                                                                                                                                           ·    The grid system used is GDA94.

                                                                                                                                           ·    Downhole surveys for all angled RC and diamond holes were completed
                                                                                                                                           every 10-30m downhole using a Reflex Ez-GyroN tool after the completion of
                                                                                                                                           drilling. Downhole azimuth and dip data is recorded in the Empire Metals
                                                                                                                                           database.

                                                                                                                                           ·    Rock chip sample locations are determined by handheld GPS with and
                                                                                                                                           accuracy of approximately 4m.
 Data spacing and distribution                            ·    Data spacing for reporting of Exploration Results.                          ·    Drillhole spacing is considered sufficient to establish the degree of

                                                                                geological and grade continuity appropriate for a Mineral Resource estimation.
                                                          ·    Whether the data spacing and distribution is sufficient to establish

                                                          the degree of geological and grade continuity appropriate for the Mineral        ·    Drillhole spacing is mainly in the range 400m x 200m, closer spaced
                                                          Resource and Ore Reserve estimation procedure(s) and classifications applied.    drilling (100m x 100m) was done to test geological continuity and grade

                                                                                variability whilst also generating samples for bulk metallurgy testwork.
                                                          ·    Whether sample compositing has been applied.

                                                                                                                                           ·    Rock chip sample spacing has been determined solely by geological
                                                                                                                                           mapping and no grade continuity is implied.

                                                                                                                                           ·    Sample compositing has been applied to reported exploration results
                                                                                                                                           of diamond drillholes as the sample length of individual samples varies and
                                                                                                                                           therefore a weighted average has been used to provide the TiO(2) intercepts
                                                                                                                                           for those holes.
 Orientation of data in relation to geological structure  ·    Whether the orientation of sampling achieves unbiased sampling of           ·    Angled drilling has been in 2 orientated directions, initially at
                                                          possible structures and the extent to which this is known, considering the       270° as strike of underlying rocks not certain and then orientated
                                                          deposit type.                                                                    perpendicular to the strike of the beds (240°).

                                                          ·    If the relationship between the drilling orientation and the                ·    No sampling bias is considered to have been introduced by the
                                                          orientation of key mineralised structures is considered to have introduced a     existing sampling orientation. The grade continuity of the mineral resource
                                                          sampling bias, this should be assessed and reported if material.                 has been demonstrated across every hole that has contained mineralisation.

                                                                                                                                           ·    The orientation of the drilling is not considered to have introduced
                                                                                                                                           sampling bias due to the highly homogeneous nature of the deposit.
 Sample security                                          ·    The measures taken to ensure sample security.                               ·    Diamond core samples were collected and placed in calico sample bags
                                                                                                                                           pre-printed with a unique sample ID at Empire Metals core facility in Three
                                                                                                                                           Springs. 5 calico sample bags were placed in a poly weave bags which was
                                                                                                                                           cabled tied closed at the top and put in order in the core yard.

                                                                                                                                           ·    RC samples were collected directly from the drill rig in calico
                                                                                                                                           sample bags which are pre-printed with a unique sample number. 5 calico sample
                                                                                                                                           bags were placed in a poly weave bag and cabled-tied closed at the top. Poly
                                                                                                                                           weave bags were transported back to Empire Metals core facility in Three
                                                                                                                                           Springs and stored there in order before transport to Perth.

                                                                                                                                           ·    AC samples were collected directly from the drill rig in calico
                                                                                                                                           sample bags which are pre-printed with a unique sample number. 5 calico sample
                                                                                                                                           bags were placed in a poly weave bag and cabled-tied closed at the top. Poly
                                                                                                                                           weave bags were transported back to Empire Metals core facility in Three
                                                                                                                                           Springs and stored there in order before transport to Perth.

                                                                                                                                           ·    Rock chip samples were placed in numbered calico bags which were
                                                                                                                                           placed in a poly weave bag and cabled tied closed at the top. Poly weave bags
                                                                                                                                           were transported back to Empire Metals core facility in Three Springs and
                                                                                                                                           stored there in order before transport to Perth.

                                                                                                                                           ·    Poly weave sample bags were transported to Intertek Minerals,
                                                                                                                                           Maddington WA. Samples were shipped using Empire vehicles or using transport
                                                                                                                                           haulage from Geraldton or Perth for larger sample dispatches.

                                                                                                                                           ·    Refinement of the transportation process meant that the polyweave
                                                                                                                                           bags were placed into industrial bulka bags which were individually numbered
                                                                                                                                           and the samples contained in the bulka bag recorded on the bag for enhanced
                                                                                                                                           chain of custody.

                                                                                                                                           ·    Sample dispatch orders containing the sample numbers, the amount of
                                                                                                                                           samples and the method of analysis were generated by Empire geologists and
                                                                                                                                           digitally sent to Intertek in Maddington where the samples had been taken.
 Audits or reviews                                        ·    The results of any audits or reviews of sampling techniques and data.       ·    No audits or reviews have been conducted in relation to the current
                                                                                                                                           drilling program.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

 Mineral tenement and land tenure status                           ·    Type, reference name/number, location and ownership including               ·    Exploration Licences E70/5465, E70/5876, E70/6320 and E70/6323 are
                                                                   agreements or material issues with third parties such as joint ventures,         held in a Joint Venture between Empire Metals Australia Pty Ltd (70%) a wholly
                                                                   partnerships, overriding royalties, native title interests, historical sites,    owned subsidiary of Empire Metals Ltd and Century Minerals Pty Ltd (30%).
                                                                   wilderness or national park and environmental settings.

                                                                                ·    There are no overriding royalties on the project.
                                                                   ·    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 centred 310km north of Perth and 150km southeast of
                                                                                                                                                    Geraldton, WA. The tenement area is approximately 1,000km(2) in area.

                                                                                                                                                    ·    Native flora assessments using the WA Governments Department of
                                                                                                                                                    Biodiversity, Conservation and Attractions flora database were completed to
                                                                                                                                                    identify priority flora species that should be avoided when carrying out
                                                                                                                                                    exploration.

                                                                                                                                                    ·    There are 2 nature reserves within the tenement package totalling 37
                                                                                                                                                    km(2).

                                                                                                                                                    ·    The tenements sit within the Yamatji Southern Corporation determined
                                                                                                                                                    land area. There are only 2 registered sites within the main areas of
                                                                                                                                                    interest.

                                                                                                                                                    ·    The tenements are kept in good standing with all regulatory approvals
                                                                                                                                                    having been met. There are no known impediments to operate in the area
 Exploration done by other parties                                 ·          Acknowledgment and appraisal of exploration by other                  ·    Between the years 1966-1993 Kennecott, Carpentaria (MIM), BHP and CRA
                                                                   parties.                                                                         explored for sediment hosted copper deposits in the Pitfield Project area.

                                                                                                                                                    ·    Kennecott (1966) completed surface geochemistry and drilled 10
                                                                                                                                                    diamond holes in the vicinity of Baxter's which intersected anomalous copper
                                                                                                                                                    just outside the Pitfield licence.

                                                                                                                                                    ·    Carpentaria Exploration (MIM) in early 1980's, again focussed their
                                                                                                                                                    exploration work close the Baxter's mine and adjacent areas towards Arrino,
                                                                                                                                                    and completed 460 shallow RAB holes over or immediately adjacent to the
                                                                                                                                                    current Pitfield licence to the SSE of Baxter's. Carpentaria identified
                                                                                                                                                    maximum copper values exceeding 1000ppm, with a further 44 holes exceeding
                                                                                                                                                    500ppm copper. The work defined a clear 2,500m NNW-SSE copper anomalous trend
                                                                                                                                                    partly on the Pitfield licence and open to the south and east.

                                                                                                                                                    ·    Carpentaria drilled 4 diamond holes which returned strongly anomalous
                                                                                                                                                    copper including in DH3a, the only hole collared on Pitfield, which returned
                                                                                                                                                    numerous values exceeding 500ppm up to 1280 ppm Cu with fracture controlled
                                                                                                                                                    and disseminated native copper and chalcopyrite observed.

                                                                                                                                                    ·    BHP (1984) completed shallow RAB and 4 stratigraphic diamond holes
                                                                                                                                                    successfully testing the western contact of the Yandanooka basin with basement
                                                                                                                                                    Mullingarra gneiss. BHP failed to intersect any significant metal anomalism.
                                                                                                                                                    In addition, BHP completed several lines of IP geophysics over the drilled
                                                                                                                                                    area.

                                                                                                                                                    ·    CRA (1993) completed soil sampling, auger sampling building on the
                                                                                                                                                    work of Carpentaria and 2 diamond holes, the southern hole being located on
                                                                                                                                                    the Pitfield licence recording moderate copper anomalism with a maximum value
                                                                                                                                                    of 570ppm (4m composite samples of chipped drill core) associated with
                                                                                                                                                    fracture-controlled malachite and minor native copper. The auger work defined
                                                                                                                                                    a significant Cu anomaly (plus Ag) over some 7km strike length.

                                                                                                                                                    ·    No other significant exploration happened between 1993 and 2022.
 Geology                                                           ·    Deposit type, geological setting and style of mineralisation.               ·    This is a globally unique stratabound sediment hosted titanium
                                                                                                                                                    deposit. The titanium mineralisation is found within the sediments of the
                                                                                                                                                    Yandanooka Basin which is located about 350km northeast of Perth. The basin
                                                                                                                                                    margin in the west is the Mullingarra Complex and in the east the Darling
                                                                                                                                                    Range, it is interpreted to be Neoproterozoic in age.

                                                                                                                                                    ·    The basin fill comprises coarse to fine grained sandstones,
                                                                                                                                                    conglomerates and interbedded sandstones and siltstones with the basin
                                                                                                                                                    interpreted to be up to 9km thick.  The dominant strike of the beds is 330°
                                                                                                                                                    with beds dipping 45-65º to the east, field work has not identified any major
                                                                                                                                                    faulting. However, both airborne magnetics and gravity show strong crustal
                                                                                                                                                    lineaments in the data.

                                                                                                                                                    ·    The titanium mineralisation is associated predominantly with anatase
                                                                                                                                                    and rutile in the weathered cap and titanite and rutile in the fresh bedrock.
                                                                                                                                                    The Ti mineralisation is associated with 3 distinct phases whereby a Ti-rich
                                                                                                                                                    magma was intruded close to surface and eroded into a shallow basin whereby Ti
                                                                                                                                                    upgrading happened as the sediments were sorted by a natural density-based
                                                                                                                                                    segregation. A subsequent hydrothermal event related to regional greenschist
                                                                                                                                                    metamorphism has altered the host sediments and Ti minerals within the
                                                                                                                                                    sediments and produced an alteration assemblage dominated by titanite
                                                                                                                                                    (CaTiSiO(5)), hematite, epidote, carbonate and chlorite. The mineralisation
                                                                                                                                                    was further upgraded by intense weathering altering the titanite to anatase by
                                                                                                                                                    removal of the Ca and Si.

                                                                                                                                                    ·    The mineralisation is completely stratabound and the best
                                                                                                                                                    mineralisation is found within the weathered cap whereby the sandstones,
                                                                                                                                                    siltstone and conglomerates have been altered to saprolite, predominantly
                                                                                                                                                    quartz and kaolin and the titanite (CaTiSiO(5)) has altered to anatase
                                                                                                                                                    (TiO(2)). The weathered bedrock consists of altered rock, but weathering is
                                                                                                                                                    less intense, quartz and kaolin are predominant but as the weathering profile
                                                                                                                                                    turns to fresher material there is an increase in chlorite, epidote, mica,
                                                                                                                                                    hematite and carbonate.  The anatase becomes less and the titanite increases.
 Drill hole Information                                            ·    A summary of all information material to the understanding of the           Hole_ID     Easting  Northing   RL   Total Depth  Dip     Azimuth  Interval
                                                                   exploration results including a tabulation of the following information for      DD23COS001  370715   6738050    320  400.4        -61.94  236.02   173.2m @ 5.76% TiO(2) from 18.6m
                                                                   all Material drill holes:                                                        DD23TOM001  373435   6726485    280  408.5        -60.57  268.41   297.1m @ 6.10% TiO(2) from 111.4m

                                                                                DD24COS002  369845   6738623    303  201.9        -60.12  270.9    201.8m @ 6.32% TiO(2) from 0.0m
                                                                   o easting and northing of the drill hole collar                                  DD24COS003  369670   6739127    296  201.8        -60.14  270.46   201.8m @ 6.14% TiO(2) from 0.0m

                                                                                DD24TOM002  374175   6727216    299  201.8        -60.21  269.55   201.8m @ 4.95% TiO(2) from 0.0m
                                                                   o elevation or RL (Reduced Level - elevation above sea level in metres) of the   DD24TOM003  373307   6726036    281  201.8        -60.96  270.55   181.9m @ 6.83% TiO(2) from 19.9m
                                                                   drill hole collar                                                                RC23COS002  373243   6737708    303  96           -61.48  271.49   90m @ 4.00% TiO(2) from 6.0m

                                                                                RC23COS003  373811   6737631    301  70           -60     270      60m @ 4.00% TiO(2) from 10.0m
                                                                   o dip and azimuth of the hole                                                    RC23COS004  369441   6738618    299  154          -59.52  268.86   154m @ 5.50% TiO(2) from 0.0m

                                                                                RC23COS005  369728   6738815    289  154          -60     270      148m @ 6.18% TiO(2) from 6.0m
                                                                   o down hole length and interception depth                                        RC23COS006  370118   6738850    298  154          -60     270      154m @ 5.18% TiO(2) from 0.0m

                                                                                RC23COS007  370383   6738869    301  154          -59.73  268.18   154m @ 5.79% TiO(2) from 0.0m
                                                                   o hole length.                                                                   RC23COS008  371179   6737957    332  154          -60.74  269.5    154.0m @ 2.77% TiO(2) from 0.0m

                                                                                RC23COS009  369647   6737881    322  154          -59.59  271.01   154.0m @ 5.01% TiO(2) from 0.0m
                                                                   ·    If the exclusion of this information is justified on the basis that         RC23COS010  369799   6737456    320  154          -60     270      154.0m @ 4.98% TiO(2) from 0.0m
                                                                   the information is not Material and this exclusion does not detract from the     RC23COS011  370389   6738005    333  154          -60     270      154.0m @ 4.53% TiO(2) from 0.0m
                                                                   understanding of the report, the Competent Person should clearly explain why     RC23COS012  372065   6738992    326  154          -60     270      126.0m @ 2.42% TiO(2) from 28.0m
                                                                   this is the case.                                                                RC23COS013  371359   6741021    315  148          -60.38  273.64   148.0m @ 2.38% TiO(2) from 0.0m
                                                                                                                                                    RC23COS014  372200   6741309    314  148          -60.36  273.34   146.0m @ 3.23% TiO(2) from 2.0m
                                                                                                                                                    RC23KAD004  372207   6728859    311  148          -60.63  270.47   148.0m @ 4.06% TiO(2) from 0.0m
                                                                                                                                                    RC23KAD005  371765   6728857    323  148          -62.04  268.05   148.0m @ 4.62% TiO(2) from 0.0m
                                                                                                                                                    RC23KAD006  371390   6728854    318  148          -60     270      134.0m @ 3.34% TiO(2) from 14.0m
                                                                                                                                                    RC23TOM001  373440   6726500    280  148          -61.32  270.328  138.0m @ 4.67% TiO(2) from 10.0m
                                                                                                                                                    RC23TOM002  373214   6726484    278  180          -55     270      168.0m @ 6.91% TiO(2) from 12.0m
                                                                                                                                                    RC23TOM003  373070   6726937    293  180          -55     270      180.0m @ 6.14% TiO(2) from 0.0m
                                                                                                                                                    RC23TOM004  373836   6726664    281  154          -60     270      154.0m @ 5.38% TiO(2) from 0.0m
                                                                                                                                                    RC23TOM005  374171   6727169    288  154          -60     270      154.0m @ 5.13% TiO(2) from 0.0m
                                                                                                                                                    RC23TOM006  374700   6726657    276  154          -60     270      154.0m @ 3.83% TiO(2) from 0.0m
                                                                                                                                                    RC23TOM007  374310   6726651    276  154          -60     270      154.0m @ 4.99% TiO(2) from 0.0m
                                                                                                                                                    RC23TOM008  374675   6727103    274  154          -60     270      154.0m @ 3.83% TiO(2) from 0.0m
                                                                                                                                                    RC23TOM009  374944   6725415    266  142          -60     270      142.0m @ 2.84% TiO(2) from 0.0m
                                                                                                                                                    RC23TOM010  374715   6725386    271  148          -60     270      148.0m @ 3.84% TiO2 from 0.0m
                                                                                                                                                    RC23TOM011  373691   6725855    272  144          -61.26  274.81   138.0m @ 4.41% TiO(2) from 6.0m
                                                                                                                                                    RC24COS015  369852   6740326    340  148          -72.08  272.89   132.0m @ 5.68% TiO(2) from 16.0m
                                                                                                                                                    RC24COS016  370095   6739746    333  148          -71.32  270.64   136.0m @ 6.08% TiO(2) from 12.0m
                                                                                                                                                    RC24COS017  369812   6739643    322  148          -69.03  269.01   148.0m @ 5.55% TiO(2) from 0.0m
                                                                                                                                                    RC24COS018  369445   6739556    317  148          -69.69  273.41   148.0m @ 6.30% TiO(2) from 0.0m
                                                                                                                                                    RC24COS019  369895   6738264    316  148          -69.35  269.51   148.0m @ 6.49% TiO(2) from 0.0m
                                                                                                                                                    RC24COS020  370258   6738318    312  148          -70.26  270.78   148.0m @ 5.16% TiO(2) from 0.0m
                                                                                                                                                    RC24COS021  370629   6738361    285  148          -71     271.42   148.0m @ 5.81% TiO(2) from 0.0m
                                                                                                                                                    RC24COS022  370507   6737510    331  148          -70.92  272.52   148.0m @ 4.08% TiO(2) from 0.0m
                                                                                                                                                    RC24COS023  371037   6737505    339  148          -70.73  272.04   148.0m @ 4.94% TiO(2) from 0.0m
                                                                                                                                                    RC24COS024  370347   6736595    324  148          -70.18  268.86   148.0m @ 4.77% TiO(2) from 0.0m
                                                                                                                                                    RC24COS025  371401   6736574    312  148          -70.31  273.11   148.0m @ 4.92% TiO(2) from 0.0m
                                                                                                                                                    RC24COS026  370776   6735770    328  150          -70.33  268.54   150.0m @ 3.88% TiO(2) from 0.0m
                                                                                                                                                    RC24COS027  371546   6735757    309  150          -70.87  269.49   150.0m @ 6.02% TiO(2) from 0.0m
                                                                                                                                                    RC24COS028  371923   6735766    315  154          -70.63  269.22   154.0m @ 2.44% TiO(2) from 0.0m
                                                                                                                                                    RC24COS029  373222   6733611    284  154          -70.13  271.5    154.0m @ 3.83% TiO(2) from 0.0m
                                                                                                                                                    RC24COS030  372291   6733611    306  154          -70.08  273.81   154.0m @ 6.05% TiO(2) from 0.0m
                                                                                                                                                    RC24COS031  371255   6734645    348  154          -71.37  272.12   154.0m @ 3.11% TiO(2) from 0.0m
                                                                                                                                                    RC24COS032  371875   6734617    318  154          -71.13  269.95   154.0m @ 6.31% TiO(2) from 0.0m
                                                                                                                                                    RC24COS033  373358   6735814    300  154          -70.27  268.97   154.0m @ 3.28% TiO(2) from 0.0m
                                                                                                                                                    RC24COS034  372780   6734632    320  154          -69.31  270.47   154.0m @ 4.43% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM012  375491   6720393    300  154          -70.31  271.6    154.0m @ 3.12% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM013  374903   6720384    291  154          -70.68  268.91   154.0m @ 4.51% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM014  375019   6721403    277  154          -71.88  272.04   142.0m @ 4.01% TiO(2) from 12.0m
                                                                                                                                                    RC24TOM015  374195   6722453    288  154          -71.69  270.58   154.0m @ 5.30% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM016  374818   6722464    292  154          -71.49  270.64   154.0m @ 4.78% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM017  374538   6723753    277  154          -70.07  270.68   134.0m @ 4.76% TiO(2) from 20.0m
                                                                                                                                                    RC24TOM018  374090   6723708    286  154          -70.67  268.43   154.0m @ 5.13% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM019  374239   6724317    296  154          -70.81  268.42   154.0m @ 5.29% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM020  373649   6723472    285  154          -67.81  266.94   154.0m @ 4.89% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM021  373699   6724326    308  154          -70.22  270.47   154.0m @ 6.44% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM022  373329   6724796    308  154          -70.8   270.9    154.0m @ 6.76% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM023  373639   6724978    301  154          -70.05  272.26   154.0m @ 5.83% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM024  373512   6725562    289  154          -69.57  268.64   154.0m @ 5.82% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM025  374129   6725497    289  154          -79.91  271.8    154.0m @ 5.96% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM026  374179   6725039    292  154          -70.4   278.7    154.0m @ 5.39% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM027  373785   6727186    293  154          -70.32  269.71   154.0m @ 5.91% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM028  373851   6726206    269  154          -71.54  271.42   154.0m @ 5.77% TiO(2) from 0.0m
                                                                                                                                                    RC24TOM029  373063   6727257    315  154          -69.9   272.66   152.0m @ 5.61% TiO(2) from 2.0m
                                                                                                                                                    RC24TOM030  372871   6727570    314  154          -69.99  88.11    154.0m @ 5.12% TiO(2) from 0.0m
                                                                                                                                                    DD24COS004  369997   6737088    328  78.7         -60.66  240.71   78.7m @ 5.55% TiO(2) from 0.0m
                                                                                                                                                    DD24COS005  370830   6738034    329  48.7         -59.47  242.64   48.7m @ 5.99% TiO(2) from 0.0m
                                                                                                                                                    DD24COS006  369820   6738289.1  306  48.4         -59.96  240.95   48.4m @ 6.14% TiO(2) from 0.0m
                                                                                                                                                    DD24COS007  369939   6739725    306  62.7         -60.18  236.89   Whole core to met test
                                                                                                                                                    DD24COS008  369602   6739755    302  72.7         -61.5   231.12   Whole core to met test
                                                                                                                                                    DD24TOM004  373566   6724538    309  75.4         -60.73  236.19   Whole core to met test
                                                                                                                                                    DD24TOM005  373469   6724805    314  81.4         -60.34  237.66   Whole core to met test
                                                                                                                                                    DD24TOM006  373947   6724741    303  72.6         -60.05  240.02   72.6m @ 5.48% TiO(2) from 0.0m
                                                                                                                                                    DD24TOM007  374150   6724504    302  65.8         -60.89  243.54   54.3m @ 5.66% TiO(2) from 0.0m
                                                                                                                                                    DD24TOM008  373245   6726696    289  72.6         -60.79  240.96   72.6m @ 5.70% TiO(2) from 0.0m
                                                                                                                                                    AC25COS001  369985   6737084.2  323  68           -60     240      60m @ 6.30% TiO(2) from 0m
                                                                                                                                                    AC25COS002  369796   6737462    317  48           -60     270      48m @ 6.02% TiO(2) from 0m
                                                                                                                                                    AC25COS003  369631   6737453.2  310  36           -90     0        32m @ 4.83% TiO(2) from 4m
                                                                                                                                                    AC25COS004  369912   6737556    319  44           -90     0        24m @ 5.41% TiO(2) from 0m
                                                                                                                                                    AC25COS005  370062   6737577.1  322  40           -90     0        34m @ 6.12% TiO(2) from 6m
                                                                                                                                                    AC25COS006  370139   6737530.4  322  51           -90     0        50m @ 6.25% TiO(2) from 0m
                                                                                                                                                    AC25COS007  370043   6737496.2  324  48           -90     0        32m @ 6.35% TiO(2) from 0m
                                                                                                                                                    AC25COS008  369945   6737463.6  323  46           -90     0        40m @ 4.11% TiO(2) from 0m
                                                                                                                                                    AC25COS009  369863   6737419.3  320  48           -90     0        48m @ 5.04% TiO(2) from 0m
                                                                                                                                                    AC25COS010  369760   6737393.5  319  45           -90     0        38m @ 4.20% TiO(2) from 0m
                                                                                                                                                    AC25COS011  369664   6737353.2  316  44           -90     0        44m @ 3.76% TiO(2) from 0m
                                                                                                                                                    AC25COS012  369703   6737267.2  320  40           -90     0        34m @ 4.15% TiO(2) from 0m
                                                                                                                                                    AC25COS013  369792   6737303.5  323  53           -90     0        53m @ 3.48% TiO(2) from 0m
                                                                                                                                                    AC25COS014  369889   6737333.9  325  50           -90     0        50m @ 5.00% TiO(2) from 0m
                                                                                                                                                    AC25COS015  369983   6737369.4  326  52           -90     0        52m @ 5.23% TiO(2) from 0m
                                                                                                                                                    AC25COS016  370076   6737403.3  324  50           -90     0        50m @ 6.54% TiO(2) from 0m
                                                                                                                                                    AC25COS017  370169   6737435.8  325  52           -90     0        52m @ 6.40% TiO(2) from 0m
                                                                                                                                                    AC25COS018  370201   6737338.5  327  56           -90     0        56m @ 5.08% TiO(2) from 0m
                                                                                                                                                    AC25COS019  370104   6737305.4  326  56           -90     0        56m @ 5.67% TiO(2) from 0m
                                                                                                                                                    AC25COS020  370012   6737272.2  328  50           -90     0        50m @ 4.23% TiO(2) from 0m
                                                                                                                                                    AC25COS021  369917   6737239.9  323  55           -90     0        55m @ 5.77% TiO(2) from 0m
                                                                                                                                                    AC25COS022  369823   6737211.2  321  48           -90     0        48m @ 3.99% TiO(2) from 0m
                                                                                                                                                    AC25COS023  369730   6737176.5  318  46           -90     0        36m @ 4.49% TiO(2) from 0m
                                                                                                                                                    AC25COS024  369726   6737110.2  314  40           -90     0        40m @ 3.87% TiO(2) from 0m
                                                                                                                                                    AC25COS025  369860   6737113.3  317  42           -90     0        42m @ 4.33% TiO(2) from 0m
                                                                                                                                                    AC25COS026  369953   6737145.9  323  58           -90     0        58m @ 6.22% TiO(2) from 0m
                                                                                                                                                    AC25COS027  370045   6737183.4  326  54           -90     0        54m @ 4.81% TiO(2) from 0m
                                                                                                                                                    AC25COS028  370144   6737214.4  327  56           -90     0        56m @ 6.55% TiO(2) from 0m
                                                                                                                                                    AC25COS029  370238   6737247    327  56           -90     0        56m @ 6.51% TiO(2) from 0m
                                                                                                                                                    AC25COS030  370270   6737155.1  326  60           -90     0        60m @ 5.61% TiO(2) from 0m
                                                                                                                                                    AC25COS031  370175   6737121    325  52           -90     0        52m @ 6.55% TiO(2) from 0m
                                                                                                                                                    AC25COS032  370079   6737086.5  324  56           -90     0        56m @ 4.68% TiO(2) from 0m
                                                                                                                                                    AC25COS033  369987   6737054    322  58           -90     0        58m @ 5.02% TiO(2) from 0m
                                                                                                                                                    AC25COS034  369891   6737020.3  317  51           -90     0        51m @ 3.94% TiO(2) from 0m
                                                                                                                                                    AC25COS035  369933   6736919.6  318  46           -90     0        46m @ 3.73% TiO(2) from 0m
                                                                                                                                                    AC25COS036  370019   6736958.6  320  46           -90     0        46m @ 6.81% TiO(2) from 0m
                                                                                                                                                    AC25COS037  370114   6736993.2  323  54           -90     0        54m @ 5.23% TiO(2) from 0m
                                                                                                                                                    AC25COS038  370207   6737024.8  324  52           -90     0        52m @ 6.74% TiO(2) from 0m
                                                                                                                                                    AC25COS039  370282   6737058    325  48           -90     0        50m @ 6.24% TiO(2) from 0m
                                                                                                                                                    AC25COS040  370053   6736867.7  321  48           -90     0        48m @ 5.03% TiO(2) from 0m
                                                                                                                                                    AC25COS041  370148   6736895.9  323  52           -90     0        52m @ 5.43% TiO(2) from 0m
                                                                                                                                                    AC25COS042  370242   6736931.5  325  56           -90     0        56m @ 7.15% TiO(2) from 0m
                                                                                                                                                    AC25TOM001  373330   6724794.2  305  59           -70     270      59m @ 6.17% TiO(2) from 0m
                                                                                                                                                    AC25TOM002  373699   6724327    298  66           -70     270      62m @ 6.39% TiO(2) from 4m
                                                                                                                                                    AC25TOM003  373743   6724164.6  295  56           -90     0        56m @ 6.16% TiO(2) from 0m
                                                                                                                                                    AC25TOM004  373716   6724260.4  297  52           -90     0        48m @ 5.90% TiO(2) from 4m
                                                                                                                                                    AC25TOM005  373679   6724350.4  299  58           -90     0        54m @ 5.80% TiO(2) from 4m
                                                                                                                                                    AC25TOM006  373650   6724136.4  295  60           -90     0        59m @ 6.36% TiO(2) from 1m
                                                                                                                                                    AC25TOM007  373620   6724230.4  297  58           -90     0        58m @ 5.88% TiO(2) from 0m
                                                                                                                                                    AC25TOM008  373592   6724327.3  299  62           -90     0        60m @ 6.20% TiO(2) from 2m
                                                                                                                                                    AC25TOM009  373563   6724420.9  300  54           -90     0        52m @ 5.92% TiO(2) from 2m
                                                                                                                                                    AC25TOM010  373551   6724106.3  296  45           -90     0        43m @ 6.59% TiO(2) from 2m
                                                                                                                                                    AC25TOM011  373543   6724199.5  297  54           -90     0        52m @ 6.44% TiO(2) from 2m
                                                                                                                                                    AC25TOM012  373329   6724786.9  305  56           -70     270      56m @ 5.73% TiO(2) from 0m
                                                                                                                                                    AC25TOM013  373188   6724966.9  303  60           -90     0        58m @ 5.51% TiO(2) from 2m
                                                                                                                                                    AC25TOM014  373226   6724838.7  305  58           -90     0        56m @ 6.16% TiO(2) from 2m
                                                                                                                                                    AC25TOM015  373428   6724168.4  299  52           -90     0        52m @ 5.79% TiO(2) from 0m
                                                                                                                                                    AC25TOM016  373398   6724267.2  300  52           -90     0        50m @ 6.34% TiO(2) from 2m
                                                                                                                                                    AC25TOM017  373369   6724362.9  302  50           -90     0        48m @ 6.30% TiO(2) from 2m
                                                                                                                                                    AC25TOM018  373338   6724458.6  302  52           -90     0        50m @ 6.66% TiO(2) from 2m
                                                                                                                                                    AC25TOM019  373307   6724549    303  52           -90     0        48m @ 6.11% TiO(2) from 4m
                                                                                                                                                    AC25TOM020  373281   6724648.7  306  48           -90     0        48m @ 5.74% TiO(2) from 0m
                                                                                                                                                    AC25TOM021  373250   6724746.7  305  49           -90     0        49m @ 7.49% TiO(2) from 0m
                                                                                                                                                    AC25TOM022  373484   6724295.9  299  54           -90     0        54m @ 6.50% TiO(2) from 0m
                                                                                                                                                    AC25TOM023  373457   6724393.4  301  50           -90     0        46m @ 5.66% TiO(2) from 4m
                                                                                                                                                    AC25TOM024  373432   6724487.3  302  56           -90     0        54m @ 5.70% TiO(2) from 2m
                                                                                                                                                    AC25TOM025  373406   6724582.6  304  52           -90     0        50m @ 6.08% TiO(2) from 2m
                                                                                                                                                    AC25TOM026  373381   6724679.7  306  50           -90     0        50m @ 6.11% TiO(2) from 0m
                                                                                                                                                    AC25TOM027  373351   6724773.2  305  51           -90     0        49m @ 6.06% TiO(2) from 2m
                                                                                                                                                    AC25TOM028  373324   6724868.3  303  60           -90     0        60m @ 6.09% TiO(2) from 0m
                                                                                                                                                    AC25TOM029  373289   6724981.4  302  56           -90     0        54m @ 5.24% TiO(2) from 2m
                                                                                                                                                    AC25TOM030  373472   6724708.7  307  48           -90     0        48m @ 6.02% TiO(2) from 0m
                                                                                                                                                    AC25TOM031  373446   6724803    305  54           -90     0        54m @ 6.70% TiO(2) from 0m
                                                                                                                                                    AC25TOM032  373413   6724899.1  302  60           -90     0        58m @ 5.74% TiO(2) from 2m
                                                                                                                                                    AC25TOM033  373394   6724986    301  57           -90     0        55m @ 6.29% TiO(2) from 2m
                                                                                                                                                    AC25TOM034  373262   6725066.1  300  47           -90     0        47m @ 4.41% TiO(2) from 0m
                                                                                                                                                    AC25TOM035  373161   6725044.8  302  50           -90     0        48m @ 5.29% TiO(2) from 2m
                                                                                                                                                    AC25TOM036  373359   6725089.9  299  54           -90     0        52m @ 7.21% TiO(2) from 2m
                                                                                                                                                    AC25TOM037  373479   6725024.5  299  52           -90     0        50m @ 6.72% TiO(2) from 2m
                                                                                                                                                    AC25TOM038  373532   6724521.5  303  50           -90     0        50m @ 6.69% TiO(2) from 0m
                                                                                                                                                    AC25TOM039  373506   6724612.9  305  51           -90     0        51m @ 7.55% TiO(2) from 0m
                                                                                                                                                    AC25TOM040  373599   6724639.4  305  57           -90     0        57m @ 7.48% TiO(2) from 0m
                                                                                                                                                    AC25TOM041  373572   6724737.1  306  54           -90     0        54m @ 7.19% TiO(2) from 0m
                                                                                                                                                    AC25TOM042  373547   6724823.5  305  52           -90     0        52m @ 7.43% TiO(2) from 0m
                                                                                                                                                    AC25TOM043  373554   6724948.1  301  58           -90     0        58m @ 6.08% TiO(2) from 0m
                                                                                                                                                    AC25TOM044  374399   6727318.7  280  48           -90     0        48m @ 3.96% TiO(2) from 0m
                                                                                                                                                    AC25TOM045  374200   6727299.9  284  48           -90     0        48m @ 4.69% TiO(2) from 0m
                                                                                                                                                    AC25TOM046  374000   6727298.6  286  52           -90     0        48m @ 4.95% TiO(2) from 4m
                                                                                                                                                    AC25TOM047  373801   6727298.6  293  47           -90     0        47m @ 5.72% TiO(2) from 4m
                                                                                                                                                    AC25TOM048  373600   6727298.7  298  51           -90     0        47m @ 5.91% TiO(2) from 4m
                                                                                                                                                    AC25TOM049  373399   6727331.6  302  42           -90     0        38m @ 2.72% TiO2 from 4m
                                                                                                                                                    AC25TOM050  373200   6727298.5  304  52           -90     0        46m @ 4.03% TiO(2) from 6m
                                                                                                                                                    AC25TOM051  373039   6727298.6  304  48           -90     0        48m @ 5.23% TiO(2) from 0m
                                                                                                                                                    AC25TOM052  372984   6726900.1  295  42           -90     0        42m @ 6.67% TiO(2) from 0m
                                                                                                                                                    AC25TOM053  373228   6726902.1  290  45           -90     0        45m @ 3.91% TiO(2) from 0m
                                                                                                                                                    AC25TOM054  373401   6726901.6  291  43           -90     0        43m @ 3.82% TiO(2) from 0m
                                                                                                                                                    AC25TOM055  372601   6724901.3  317  52           -90     0        52m @ 3.19% TiO(2) from 0m
                                                                                                                                                    AC25TOM056  372801   6724901.6  311  54           -90     0        52m @ 4.08% TiO(2) from 2m
                                                                                                                                                    AC25TOM057  373000   6724912.6  307  62           -90     0        60m @ 6.22% TiO(2) from 2m
                                                                                                                                                    AC25TOM058  373201   6724502.2  304  54           -90     0        46m @ 4.49% TiO(2) from 8m
                                                                                                                                                    AC25TOM059  372999   6724498.4  308  54           -90     0        50m @ 4.49% TiO(2) from 4m
                                                                                                                                                    AC25TOM060  372800   6724498.6  313  30           -90     0        30m @ 4.49% TiO(2) from 0m
                                                                                                                                                    AC25TOM061  372601   6724500.3  323  35           -90     0        35m @ 0.93% TiO(2) from 0m
                                                                                                                                                    AC25TOM062  373600   6724901.1  302  54           -90     0        54m @ 6.00% TiO(2) from 0m
                                                                                                                                                    AC25TOM063  373802   6724905.6  299  52           -90     0        52m @ 5.59% TiO(2) from 0m
                                                                                                                                                    AC25TOM064  374000   6724898.3  295  44           -90     0        40m @ 5.59% TiO(2) from 4m
                                                                                                                                                    AC25TOM065  374156   6724902.7  293  38           -90     0        38m @ 5.59% TiO(2) from 0m
                                                                                                                                                    AC25TOM066  373999   6724498.8  295  61           -90     0        61m @ 6.47% TiO(2) from 0m
                                                                                                                                                    AC25TOM067  373301   6724156.7  302  50           -90     0        50m @ 5.15% TiO(2) from 0m
                                                                                                                                                    AC25TOM068  372701   6724101    308  29           -90     0        28m @ 1.08% TiO(2) from 0m
                                                                                                                                                    AC25TOM069  372901   6724101.4  305  29           -90     0        29m @ 0.81% TiO(2) from 0m
                                                                                                                                                    AC25TOM070  372790   6723699.3  292  18           -90     0        18m @ 1.12% TiO(2) from 0m
                                                                                                                                                    AC25TOM071  373000   6723701.3  290  57           -90     0        57m @ 1.91% TiO(2) from 0m
                                                                                                                                                    AC25TOM072  373199   6723701.2  287  57           -90     0        47m @ 4.53% TiO(2) from 10m
                                                                                                                                                    AC25TOM073  373398   6723700.3  287  53           -90     0        45m @ 4.53% TiO(2) from 8m
                                                                                                                                                    AC25TOM074  373601   6723701.7  291  51           -90     0        51m @ 5.05% TiO(2) from 0m
                                                                                                                                                    AC25TOM075  373801   6723701.6  286  48           -90     0        48m @ 5.82% TiO(2) from 0m
                                                                                                                                                    AC25TOM076  373984   6723701.5  279  60           -90     0        60m @ 5.26% TiO(2) from 0m
                                                                                                                                                    AC25TOM077  374200   6723701.7  273  60           -90     0        54m @ 5.84% TiO(2) from 6m
                                                                                                                                                    AC25TOM078  374298   6724100.1  282  48           -90     0        44m @ 5.18% TiO(2) from 4m
                                                                                                                                                    AC25TOM079  374189   6724094.3  283  51           -90     0        51m @ 5.13% TiO(2) from 0m
                                                                                                                                                    AC25TOM080  373859   6724096    292  57           -90     0        53m @ 6.49% TiO(2) from 4m
                                                                                                                                                    AC25TOM081  373700   6724097.8  294  60           -90     0        58m @ 6.55% TiO(2) from 2m
                                                                                                                                                    AC25TOM082  374401   6723735    270  50           -90     0        40m @ 4.11% TiO(2) from 10m
                                                                                                                                                    AC25TOM083  374599   6723720.5  269  50           -90     0        50m @ 3.64% TiO(2) from 0m
                                                                                                                                                    AC25TOM084  374804   6723730.4  268  50           -90     0        44m @ 4.31% TiO(2) from 6m
                                                                                                                                                    AC25TOM085  374701   6724098.6  277  47           -90     0        43m @ 4.31% TiO(2) from 4m
                                                                                                                                                    AC25TOM086  374500   6724098.2  278  60           -90     0        54m @ 5.52% TiO(2) from 6m
                                                                                                                                                    AC25TOM087  374599   6724498.3  285  44           -90     0        34m @ 4.86% TiO(2) from 10m
                                                                                                                                                    AC25TOM088  374433   6724855.9  289  43           -90     0        27m @ 4.12% TiO(2) from 16m
                                                                                                                                                    AC25TOM089  374600   6724901.3  286  38           -90     0        22m @ 4.25% TiO(2) from 16m
                                                                                                                                                    AC25TOM090  374399   6724499.7  286  42           -90     0        42m @ 5.42% TiO(2) from 0m
                                                                                                                                                    AC25TOM091  374901   6722898.7  271  60           -90     0        58m @ 3.90% TiO(2) from 2m
                                                                                                                                                    AC25TOM092  374802   6722500.5  283  69           -90     0        69m @ 4.47% TiO(2) from 0m
                                                                                                                                                    AC25TOM093  375000   6722501.7  277  48           -90     0        48m @ 3.65% TiO(2) from 0m
                                                                                                                                                    AC25TOM094  374801   6722149.8  287  42           -90     0        42m @ 4.49% TiO(2) from 0m
                                                                                                                                                    AC25TOM095  375001   6722098.7  287  46           -90     0        46m @ 4.06% TiO(2) from 0m
                                                                                                                                                    AC25TOM096  374500   6722898.5  277  54           -90     0        54m @ 4.70% TiO(2) from 0m
                                                                                                                                                    AC25TOM097  374299   6722898.5  272  55           -90     0        51m @ 4.80% TiO(2) from 4m
                                                                                                                                                    AC25TOM098  374131   6722843.6  272  45           -90     0        41m @ 4.27% TiO(2) from 4m
                                                                                                                                                    AC25TOM099  374402   6722500    286  58           -90     0        58m @ 5.08% TiO(2) from 0m
                                                                                                                                                    AC25TOM100  374600   6722501.8  287  68           -90     0        68m @ 4.57% TiO(2) from 0m
                                                                                                                                                    AC25TOM101  374201   6722498.8  282  48           -90     0        48m @ 4.54% TiO(2) from 0m
                                                                                                                                                    AC25TOM102  374402   6722100.5  295  66           -90     0        66m @ 4.47% TiO(2) from 0m
                                                                                                                                                    AC25TOM103  374565   6722100.8  296  64           -90     0        64m @ 4.68% TiO(2) from 0m
                                                                                                                                                    AC25TOM104  374200   6722098.1  293  54           -90     0        54m @ 5.39% TiO(2) from 0m
                                                                                                                                                    AC25TOM105  374000   6722098.3  291  62           -90     0        58m @ 5.39% TiO(2) from 4m
                                                                                                                                                    AC25TOM106  373799   6722098.5  291  62           -90     0        60m @ 3.45% TiO(2) from 4m
                                                                                                                                                    AC25TOM107  373600   6722098.1  293  63           -90     0        63m @ 2.25% TiO(2) from 0m
                                                                                                                                                    AC25TOM108  373411   6722503.3  281  35           -90     0        35m @ 1.17% TiO(2) from 0m
                                                                                                                                                    AC25TOM109  373600   6722501.5  281  50           -90     0        46m @ 3.30% TiO(2) from 4m
                                                                                                                                                    AC25TOM110  373799   6722503.3  283  57           -90     0        55m @ 3.13% TiO(2) from 2m
                                                                                                                                                    AC25TOM111  374000   6722504    282  58           -90     0        58m @ 4.85% TiO(2) from 0m
                                                                                                                                                    AC25TOM112  373199   6722098.7  291  29           -90     0        29m @ 0.53% TiO(2) from 0m
                                                                                                                                                    AC25TOM113  373000   6722102.3  291  54           -90     0        54m @ 3.02% TiO(2) from 0m
                                                                                                                                                    AC25TOM114  373001   6722498.8  284  29           -90     0        29m @ 2.90% TiO(2) from 0m
                                                                                                                                                    AC25TOM115  373448   6722901.4  280  42           -90     0        42m @ 3.72% TiO(2) from 0m
                                                                                                                                                    AC25TOM116  373299   6722896.8  286  52           -90     0        52m @ 2.09% TiO(2) from 0m
                                                                                                                                                    AC25TOM117  373099   6722898.1  293  18           -90     0        18m @ 1.21% TiO(2) from 0m
                                                                                                                                                    AC25TOM118  373199   6725301.5  298  54           -90     0        54m @ 7.41% TiO(2) from 0m
                                                                                                                                                    AC25TOM119  373300   6725701.9  283  51           -90     0        45m @ 5.68% TiO(2) from 6m
                                                                                                                                                    AC25TOM120  373502   6725699.1  280  48           -90     0        44m @ 5.40% TiO(2) from 4m
                                                                                                                                                    AC25TOM121  373701   6725701.9  276  37           -90     0        33m @ 4.71% TiO(2) from 4m
                                                                                                                                                    AC25TOM122  373901   6725701.7  274  42           -90     0        38m @ 5.39% TiO(2) from 4m
                                                                                                                                                    AC25TOM123  374101   6725701.9  271  48           -90     0        44m @ 6.01% TiO(2) from 4m
                                                                                                                                                    AC25TOM124  374301   6725701.7  269  48           -90     0        44m @ 5.44% TiO(2) from 4m
                                                                                                                                                    AC25TOM125  374502   6725700.8  267

class="me">Easting

Northing

                                                                                                                                                    RL

                                                                                                                                                    Total Depth

                                                                                                                                                    Dip

                                                                                                                                                    Azimuth

                                                                                                                                                    Interval

                                                                                                                                                    DD23COS001

                                                                                                                                                    370715

                                                                                                                                                    6738050

                                                                                                                                                    320

                                                                                                                                                    400.4

                                                                                                                                                    -61.94

                                                                                                                                                    236.02

                                                                                                                                                    173.2m @ 5.76% TiO(2) from 18.6m

                                                                                                                                                    DD23TOM001

                                                                                                                                                    373435

                                                                                                                                                    6726485

                                                                                                                                                    280

                                                                                                                                                    408.5

                                                                                                                                                    -60.57

                                                                                                                                                    268.41

                                                                                                                                                    297.1m @ 6.10% TiO(2) from 111.4m

                                                                                                                                                    DD24COS002

                                                                                                                                                    369845

                                                                                                                                                    6738623

                                                                                                                                                    303

                                                                                                                                                    201.9

                                                                                                                                                    -60.12

                                                                                                                                                    270.9

                                                                                                                                                    201.8m @ 6.32% TiO(2) from 0.0m

                                                                                                                                                    DD24COS003

                                                                                                                                                    369670

                                                                                                                                                    6739127

                                                                                                                                                    296

                                                                                                                                                    201.8

                                                                                                                                                    -60.14

                                                                                                                                                    270.46

                                                                                                                                                    201.8m @ 6.14% TiO(2) from 0.0m

                                                                                                                                                    DD24TOM002

                                                                                                                                                    374175

                                                                                                                                                    6727216

                                                                                                                                                    299

                                                                                                                                                    201.8

                                                                                                                                                    -60.21

                                                                                                                                                    269.55

                                                                                                                                                    201.8m @ 4.95% TiO(2) from 0.0m

                                                                                                                                                    DD24TOM003

                                                                                                                                                    373307

                                                                                                                                                    6726036

                                                                                                                                                    281

                                                                                                                                                    201.8

                                                                                                                                                    -60.96

                                                                                                                                                    270.55

                                                                                                                                                    181.9m @ 6.83% TiO(2) from 19.9m

                                                                                                                                                    RC23COS002

                                                                                                                                                    373243

                                                                                                                                                    6737708

                                                                                                                                                    303

                                                                                                                                                    96

                                                                                                                                                    -61.48

                                                                                                                                                    271.49

                                                                                                                                                    90m @ 4.00% TiO(2) from 6.0m

                                                                                                                                                    RC23COS003

                                                                                                                                                    373811

                                                                                                                                                    6737631

                                                                                                                                                    301

                                                                                                                                                    70

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    60m @ 4.00% TiO(2) from 10.0m

                                                                                                                                                    RC23COS004

                                                                                                                                                    369441

                                                                                                                                                    6738618

                                                                                                                                                    299

                                                                                                                                                    154

                                                                                                                                                    -59.52

                                                                                                                                                    268.86

                                                                                                                                                    154m @ 5.50% TiO(2) from 0.0m

                                                                                                                                                    RC23COS005

                                                                                                                                                    369728

                                                                                                                                                    6738815

                                                                                                                                                    289

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    148m @ 6.18% TiO(2) from 6.0m

                                                                                                                                                    RC23COS006

                                                                                                                                                    370118

                                                                                                                                                    6738850

                                                                                                                                                    298

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    154m @ 5.18% TiO(2) from 0.0m

                                                                                                                                                    RC23COS007

                                                                                                                                                    370383

                                                                                                                                                    6738869

                                                                                                                                                    301

                                                                                                                                                    154

                                                                                                                                                    -59.73

                                                                                                                                                    268.18

                                                                                                                                                    154m @ 5.79% TiO(2) from 0.0m

                                                                                                                                                    RC23COS008

                                                                                                                                                    371179

                                                                                                                                                    6737957

                                                                                                                                                    332

                                                                                                                                                    154

                                                                                                                                                    -60.74

                                                                                                                                                    269.5

                                                                                                                                                    154.0m @ 2.77% TiO(2) from 0.0m

                                                                                                                                                    RC23COS009

                                                                                                                                                    369647

                                                                                                                                                    6737881

                                                                                                                                                    322

                                                                                                                                                    154

                                                                                                                                                    -59.59

                                                                                                                                                    271.01

                                                                                                                                                    154.0m @ 5.01% TiO(2) from 0.0m

                                                                                                                                                    RC23COS010

                                                                                                                                                    369799

                                                                                                                                                    6737456

                                                                                                                                                    320

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    154.0m @ 4.98% TiO(2) from 0.0m

                                                                                                                                                    RC23COS011

                                                                                                                                                    370389

                                                                                                                                                    6738005

                                                                                                                                                    333

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    154.0m @ 4.53% TiO(2) from 0.0m

                                                                                                                                                    RC23COS012

                                                                                                                                                    372065

                                                                                                                                                    6738992

                                                                                                                                                    326

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    126.0m @ 2.42% TiO(2) from 28.0m

                                                                                                                                                    RC23COS013

                                                                                                                                                    371359

                                                                                                                                                    6741021

                                                                                                                                                    315

                                                                                                                                                    148

                                                                                                                                                    -60.38

                                                                                                                                                    273.64

                                                                                                                                                    148.0m @ 2.38% TiO(2) from 0.0m

                                                                                                                                                    RC23COS014

                                                                                                                                                    372200

                                                                                                                                                    6741309

                                                                                                                                                    314

                                                                                                                                                    148

                                                                                                                                                    -60.36

                                                                                                                                                    273.34

                                                                                                                                                    146.0m @ 3.23% TiO(2) from 2.0m

                                                                                                                                                    RC23KAD004

                                                                                                                                                    372207

                                                                                                                                                    6728859

                                                                                                                                                    311

                                                                                                                                                    148

                                                                                                                                                    -60.63

                                                                                                                                                    270.47

                                                                                                                                                    148.0m @ 4.06% TiO(2) from 0.0m

                                                                                                                                                    RC23KAD005

                                                                                                                                                    371765

                                                                                                                                                    6728857

                                                                                                                                                    323

                                                                                                                                                    148

                                                                                                                                                    -62.04

                                                                                                                                                    268.05

                                                                                                                                                    148.0m @ 4.62% TiO(2) from 0.0m

                                                                                                                                                    RC23KAD006

                                                                                                                                                    371390

                                                                                                                                                    6728854

                                                                                                                                                    318

                                                                                                                                                    148

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    134.0m @ 3.34% TiO(2) from 14.0m

                                                                                                                                                    RC23TOM001

                                                                                                                                                    373440

                                                                                                                                                    6726500

                                                                                                                                                    280

                                                                                                                                                    148

                                                                                                                                                    -61.32

                                                                                                                                                    270.328

                                                                                                                                                    138.0m @ 4.67% TiO(2) from 10.0m

                                                                                                                                                    RC23TOM002

                                                                                                                                                    373214

                                                                                                                                                    6726484

                                                                                                                                                    278

                                                                                                                                                    180

                                                                                                                                                    -55

                                                                                                                                                    270

                                                                                                                                                    168.0m @ 6.91% TiO(2) from 12.0m

                                                                                                                                                    RC23TOM003

                                                                                                                                                    373070

                                                                                                                                                    6726937

                                                                                                                                                    293

                                                                                                                                                    180

                                                                                                                                                    -55

                                                                                                                                                    270

                                                                                                                                                    180.0m @ 6.14% TiO(2) from 0.0m

                                                                                                                                                    RC23TOM004

                                                                                                                                                    373836

                                                                                                                                                    6726664

                                                                                                                                                    281

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    154.0m @ 5.38% TiO(2) from 0.0m

                                                                                                                                                    RC23TOM005

                                                                                                                                                    374171

                                                                                                                                                    6727169

                                                                                                                                                    288

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    154.0m @ 5.13% TiO(2) from 0.0m

                                                                                                                                                    RC23TOM006

                                                                                                                                                    374700

                                                                                                                                                    6726657

                                                                                                                                                    276

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    154.0m @ 3.83% TiO(2) from 0.0m

                                                                                                                                                    RC23TOM007

                                                                                                                                                    374310

                                                                                                                                                    6726651

                                                                                                                                                    276

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    154.0m @ 4.99% TiO(2) from 0.0m

                                                                                                                                                    RC23TOM008

                                                                                                                                                    374675

                                                                                                                                                    6727103

                                                                                                                                                    274

                                                                                                                                                    154

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    154.0m @ 3.83% TiO(2) from 0.0m

                                                                                                                                                    RC23TOM009

                                                                                                                                                    374944

                                                                                                                                                    6725415

                                                                                                                                                    266

                                                                                                                                                    142

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    142.0m @ 2.84% TiO(2) from 0.0m

                                                                                                                                                    RC23TOM010

                                                                                                                                                    374715

                                                                                                                                                    6725386

                                                                                                                                                    271

                                                                                                                                                    148

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    148.0m @ 3.84% TiO2 from 0.0m

                                                                                                                                                    RC23TOM011

                                                                                                                                                    373691

                                                                                                                                                    6725855

                                                                                                                                                    272

                                                                                                                                                    144

                                                                                                                                                    -61.26

                                                                                                                                                    274.81

                                                                                                                                                    138.0m @ 4.41% TiO(2) from 6.0m

                                                                                                                                                    RC24COS015

                                                                                                                                                    369852

                                                                                                                                                    6740326

                                                                                                                                                    340

                                                                                                                                                    148

                                                                                                                                                    -72.08

                                                                                                                                                    272.89

                                                                                                                                                    132.0m @ 5.68% TiO(2) from 16.0m

                                                                                                                                                    RC24COS016

                                                                                                                                                    370095

                                                                                                                                                    6739746

                                                                                                                                                    333

                                                                                                                                                    148

                                                                                                                                                    -71.32

                                                                                                                                                    270.64

                                                                                                                                                    136.0m @ 6.08% TiO(2) from 12.0m

                                                                                                                                                    RC24COS017

                                                                                                                                                    369812

                                                                                                                                                    6739643

                                                                                                                                                    322

                                                                                                                                                    148

                                                                                                                                                    -69.03

                                                                                                                                                    269.01

                                                                                                                                                    148.0m @ 5.55% TiO(2) from 0.0m

                                                                                                                                                    RC24COS018

                                                                                                                                                    369445

                                                                                                                                                    6739556

                                                                                                                                                    317

                                                                                                                                                    148

                                                                                                                                                    -69.69

                                                                                                                                                    273.41

                                                                                                                                                    148.0m @ 6.30% TiO(2) from 0.0m

                                                                                                                                                    RC24COS019

                                                                                                                                                    369895

                                                                                                                                                    6738264

                                                                                                                                                    316

                                                                                                                                                    148

                                                                                                                                                    -69.35

                                                                                                                                                    269.51

                                                                                                                                                    148.0m @ 6.49% TiO(2) from 0.0m

                                                                                                                                                    RC24COS020

                                                                                                                                                    370258

                                                                                                                                                    6738318

                                                                                                                                                    312

                                                                                                                                                    148

                                                                                                                                                    -70.26

                                                                                                                                                    270.78

                                                                                                                                                    148.0m @ 5.16% TiO(2) from 0.0m

                                                                                                                                                    RC24COS021

                                                                                                                                                    370629

                                                                                                                                                    6738361

                                                                                                                                                    285

                                                                                                                                                    148

                                                                                                                                                    -71

                                                                                                                                                    271.42

                                                                                                                                                    148.0m @ 5.81% TiO(2) from 0.0m

                                                                                                                                                    RC24COS022

                                                                                                                                                    370507

                                                                                                                                                    6737510

                                                                                                                                                    331

                                                                                                                                                    148

                                                                                                                                                    -70.92

                                                                                                                                                    272.52

                                                                                                                                                    148.0m @ 4.08% TiO(2) from 0.0m

                                                                                                                                                    RC24COS023

                                                                                                                                                    371037

                                                                                                                                                    6737505

                                                                                                                                                    339

                                                                                                                                                    148

                                                                                                                                                    -70.73

                                                                                                                                                    272.04

                                                                                                                                                    148.0m @ 4.94% TiO(2) from 0.0m

                                                                                                                                                    RC24COS024

                                                                                                                                                    370347

                                                                                                                                                    6736595

                                                                                                                                                    324

                                                                                                                                                    148

                                                                                                                                                    -70.18

                                                                                                                                                    268.86

                                                                                                                                                    148.0m @ 4.77% TiO(2) from 0.0m

                                                                                                                                                    RC24COS025

                                                                                                                                                    371401

                                                                                                                                                    6736574

                                                                                                                                                    312

                                                                                                                                                    148

                                                                                                                                                    -70.31

                                                                                                                                                    273.11

                                                                                                                                                    148.0m @ 4.92% TiO(2) from 0.0m

                                                                                                                                                    RC24COS026

                                                                                                                                                    370776

                                                                                                                                                    6735770

                                                                                                                                                    328

                                                                                                                                                    150

                                                                                                                                                    -70.33

                                                                                                                                                    268.54

                                                                                                                                                    150.0m @ 3.88% TiO(2) from 0.0m

                                                                                                                                                    RC24COS027

                                                                                                                                                    371546

                                                                                                                                                    6735757

                                                                                                                                                    309

                                                                                                                                                    150

                                                                                                                                                    -70.87

                                                                                                                                                    269.49

                                                                                                                                                    150.0m @ 6.02% TiO(2) from 0.0m

                                                                                                                                                    RC24COS028

                                                                                                                                                    371923

                                                                                                                                                    6735766

                                                                                                                                                    315

                                                                                                                                                    154

                                                                                                                                                    -70.63

                                                                                                                                                    269.22

                                                                                                                                                    154.0m @ 2.44% TiO(2) from 0.0m

                                                                                                                                                    RC24COS029

                                                                                                                                                    373222

                                                                                                                                                    6733611

                                                                                                                                                    284

                                                                                                                                                    154

                                                                                                                                                    -70.13

                                                                                                                                                    271.5

                                                                                                                                                    154.0m @ 3.83% TiO(2) from 0.0m

                                                                                                                                                    RC24COS030

                                                                                                                                                    372291

                                                                                                                                                    6733611

                                                                                                                                                    306

                                                                                                                                                    154

                                                                                                                                                    -70.08

                                                                                                                                                    273.81

                                                                                                                                                    154.0m @ 6.05% TiO(2) from 0.0m

                                                                                                                                                    RC24COS031

                                                                                                                                                    371255

                                                                                                                                                    6734645

                                                                                                                                                    348

                                                                                                                                                    154

                                                                                                                                                    -71.37

                                                                                                                                                    272.12

                                                                                                                                                    154.0m @ 3.11% TiO(2) from 0.0m

                                                                                                                                                    RC24COS032

                                                                                                                                                    371875

                                                                                                                                                    6734617

                                                                                                                                                    318

                                                                                                                                                    154

                                                                                                                                                    -71.13

                                                                                                                                                    269.95

                                                                                                                                                    154.0m @ 6.31% TiO(2) from 0.0m

                                                                                                                                                    RC24COS033

                                                                                                                                                    373358

                                                                                                                                                    6735814

                                                                                                                                                    300

                                                                                                                                                    154

                                                                                                                                                    -70.27

                                                                                                                                                    268.97

                                                                                                                                                    154.0m @ 3.28% TiO(2) from 0.0m

                                                                                                                                                    RC24COS034

                                                                                                                                                    372780

                                                                                                                                                    6734632

                                                                                                                                                    320

                                                                                                                                                    154

                                                                                                                                                    -69.31

                                                                                                                                                    270.47

                                                                                                                                                    154.0m @ 4.43% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM012

                                                                                                                                                    375491

                                                                                                                                                    6720393

                                                                                                                                                    300

                                                                                                                                                    154

                                                                                                                                                    -70.31

                                                                                                                                                    271.6

                                                                                                                                                    154.0m @ 3.12% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM013

                                                                                                                                                    374903

                                                                                                                                                    6720384

                                                                                                                                                    291

                                                                                                                                                    154

                                                                                                                                                    -70.68

                                                                                                                                                    268.91

                                                                                                                                                    154.0m @ 4.51% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM014

                                                                                                                                                    375019

                                                                                                                                                    6721403

                                                                                                                                                    277

                                                                                                                                                    154

                                                                                                                                                    -71.88

                                                                                                                                                    272.04

                                                                                                                                                    142.0m @ 4.01% TiO(2) from 12.0m

                                                                                                                                                    RC24TOM015

                                                                                                                                                    374195

                                                                                                                                                    6722453

                                                                                                                                                    288

                                                                                                                                                    154

                                                                                                                                                    -71.69

                                                                                                                                                    270.58

                                                                                                                                                    154.0m @ 5.30% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM016

                                                                                                                                                    374818

                                                                                                                                                    6722464

                                                                                                                                                    292

                                                                                                                                                    154

                                                                                                                                                    -71.49

                                                                                                                                                    270.64

                                                                                                                                                    154.0m @ 4.78% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM017

                                                                                                                                                    374538

                                                                                                                                                    6723753

                                                                                                                                                    277

                                                                                                                                                    154

                                                                                                                                                    -70.07

                                                                                                                                                    270.68

                                                                                                                                                    134.0m @ 4.76% TiO(2) from 20.0m

                                                                                                                                                    RC24TOM018

                                                                                                                                                    374090

                                                                                                                                                    6723708

                                                                                                                                                    286

                                                                                                                                                    154

                                                                                                                                                    -70.67

                                                                                                                                                    268.43

                                                                                                                                                    154.0m @ 5.13% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM019

                                                                                                                                                    374239

                                                                                                                                                    6724317

                                                                                                                                                    296

                                                                                                                                                    154

                                                                                                                                                    -70.81

                                                                                                                                                    268.42

                                                                                                                                                    154.0m @ 5.29% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM020

                                                                                                                                                    373649

                                                                                                                                                    6723472

                                                                                                                                                    285

                                                                                                                                                    154

                                                                                                                                                    -67.81

                                                                                                                                                    266.94

                                                                                                                                                    154.0m @ 4.89% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM021

                                                                                                                                                    373699

                                                                                                                                                    6724326

                                                                                                                                                    308

                                                                                                                                                    154

                                                                                                                                                    -70.22

                                                                                                                                                    270.47

                                                                                                                                                    154.0m @ 6.44% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM022

                                                                                                                                                    373329

                                                                                                                                                    6724796

                                                                                                                                                    308

                                                                                                                                                    154

                                                                                                                                                    -70.8

                                                                                                                                                    270.9

                                                                                                                                                    154.0m @ 6.76% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM023

                                                                                                                                                    373639

                                                                                                                                                    6724978

                                                                                                                                                    301

                                                                                                                                                    154

                                                                                                                                                    -70.05

                                                                                                                                                    272.26

                                                                                                                                                    154.0m @ 5.83% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM024

                                                                                                                                                    373512

                                                                                                                                                    6725562

                                                                                                                                                    289

                                                                                                                                                    154

                                                                                                                                                    -69.57

                                                                                                                                                    268.64

                                                                                                                                                    154.0m @ 5.82% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM025

                                                                                                                                                    374129

                                                                                                                                                    6725497

                                                                                                                                                    289

                                                                                                                                                    154

                                                                                                                                                    -79.91

                                                                                                                                                    271.8

                                                                                                                                                    154.0m @ 5.96% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM026

                                                                                                                                                    374179

                                                                                                                                                    6725039

                                                                                                                                                    292

                                                                                                                                                    154

                                                                                                                                                    -70.4

                                                                                                                                                    278.7

                                                                                                                                                    154.0m @ 5.39% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM027

                                                                                                                                                    373785

                                                                                                                                                    6727186

                                                                                                                                                    293

                                                                                                                                                    154

                                                                                                                                                    -70.32

                                                                                                                                                    269.71

                                                                                                                                                    154.0m @ 5.91% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM028

                                                                                                                                                    373851

                                                                                                                                                    6726206

                                                                                                                                                    269

                                                                                                                                                    154

                                                                                                                                                    -71.54

                                                                                                                                                    271.42

                                                                                                                                                    154.0m @ 5.77% TiO(2) from 0.0m

                                                                                                                                                    RC24TOM029

                                                                                                                                                    373063

                                                                                                                                                    6727257

                                                                                                                                                    315

                                                                                                                                                    154

                                                                                                                                                    -69.9

                                                                                                                                                    272.66

                                                                                                                                                    152.0m @ 5.61% TiO(2) from 2.0m

                                                                                                                                                    RC24TOM030

                                                                                                                                                    372871

                                                                                                                                                    6727570

                                                                                                                                                    314

                                                                                                                                                    154

                                                                                                                                                    -69.99

                                                                                                                                                    88.11

                                                                                                                                                    154.0m @ 5.12% TiO(2) from 0.0m

                                                                                                                                                    DD24COS004

                                                                                                                                                    369997

                                                                                                                                                    6737088

                                                                                                                                                    328

                                                                                                                                                    78.7

                                                                                                                                                    -60.66

                                                                                                                                                    240.71

                                                                                                                                                    78.7m @ 5.55% TiO(2) from 0.0m

                                                                                                                                                    DD24COS005

                                                                                                                                                    370830

                                                                                                                                                    6738034

                                                                                                                                                    329

                                                                                                                                                    48.7

                                                                                                                                                    -59.47

                                                                                                                                                    242.64

                                                                                                                                                    48.7m @ 5.99% TiO(2) from 0.0m

                                                                                                                                                    DD24COS006

                                                                                                                                                    369820

                                                                                                                                                    6738289.1

                                                                                                                                                    306

                                                                                                                                                    48.4

                                                                                                                                                    -59.96

                                                                                                                                                    240.95

                                                                                                                                                    48.4m @ 6.14% TiO(2) from 0.0m

                                                                                                                                                    DD24COS007

                                                                                                                                                    369939

                                                                                                                                                    6739725

                                                                                                                                                    306

                                                                                                                                                    62.7

                                                                                                                                                    -60.18

                                                                                                                                                    236.89

                                                                                                                                                    Whole core to met test

                                                                                                                                                    DD24COS008

                                                                                                                                                    369602

                                                                                                                                                    6739755

                                                                                                                                                    302

                                                                                                                                                    72.7

                                                                                                                                                    -61.5

                                                                                                                                                    231.12

                                                                                                                                                    Whole core to met test

                                                                                                                                                    DD24TOM004

                                                                                                                                                    373566

                                                                                                                                                    6724538

                                                                                                                                                    309

                                                                                                                                                    75.4

                                                                                                                                                    -60.73

                                                                                                                                                    236.19

                                                                                                                                                    Whole core to met test

                                                                                                                                                    DD24TOM005

                                                                                                                                                    373469

                                                                                                                                                    6724805

                                                                                                                                                    314

                                                                                                                                                    81.4

                                                                                                                                                    -60.34

                                                                                                                                                    237.66

                                                                                                                                                    Whole core to met test

                                                                                                                                                    DD24TOM006

                                                                                                                                                    373947

                                                                                                                                                    6724741

                                                                                                                                                    303

                                                                                                                                                    72.6

                                                                                                                                                    -60.05

                                                                                                                                                    240.02

                                                                                                                                                    72.6m @ 5.48% TiO(2) from 0.0m

                                                                                                                                                    DD24TOM007

                                                                                                                                                    374150

                                                                                                                                                    6724504

                                                                                                                                                    302

                                                                                                                                                    65.8

                                                                                                                                                    -60.89

                                                                                                                                                    243.54

                                                                                                                                                    54.3m @ 5.66% TiO(2) from 0.0m

                                                                                                                                                    DD24TOM008

                                                                                                                                                    373245

                                                                                                                                                    6726696

                                                                                                                                                    289

                                                                                                                                                    72.6

                                                                                                                                                    -60.79

                                                                                                                                                    240.96

                                                                                                                                                    72.6m @ 5.70% TiO(2) from 0.0m

                                                                                                                                                    AC25COS001

                                                                                                                                                    369985

                                                                                                                                                    6737084.2

                                                                                                                                                    323

                                                                                                                                                    68

                                                                                                                                                    -60

                                                                                                                                                    240

                                                                                                                                                    60m @ 6.30% TiO(2) from 0m

                                                                                                                                                    AC25COS002

                                                                                                                                                    369796

                                                                                                                                                    6737462

                                                                                                                                                    317

                                                                                                                                                    48

                                                                                                                                                    -60

                                                                                                                                                    270

                                                                                                                                                    48m @ 6.02% TiO(2) from 0m

                                                                                                                                                    AC25COS003

                                                                                                                                                    369631

                                                                                                                                                    6737453.2

                                                                                                                                                    310

                                                                                                                                                    36

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    32m @ 4.83% TiO(2) from 4m

                                                                                                                                                    AC25COS004

                                                                                                                                                    369912

                                                                                                                                                    6737556

                                                                                                                                                    319

                                                                                                                                                    44

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    24m @ 5.41% TiO(2) from 0m

                                                                                                                                                    AC25COS005

                                                                                                                                                    370062

                                                                                                                                                    6737577.1

                                                                                                                                                    322

                                                                                                                                                    40

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    34m @ 6.12% TiO(2) from 6m

                                                                                                                                                    AC25COS006

                                                                                                                                                    370139

                                                                                                                                                    6737530.4

                                                                                                                                                    322

                                                                                                                                                    51

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 6.25% TiO(2) from 0m

                                                                                                                                                    AC25COS007

                                                                                                                                                    370043

                                                                                                                                                    6737496.2

                                                                                                                                                    324

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    32m @ 6.35% TiO(2) from 0m

                                                                                                                                                    AC25COS008

                                                                                                                                                    369945

                                                                                                                                                    6737463.6

                                                                                                                                                    323

                                                                                                                                                    46

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    40m @ 4.11% TiO(2) from 0m

                                                                                                                                                    AC25COS009

                                                                                                                                                    369863

                                                                                                                                                    6737419.3

                                                                                                                                                    320

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 5.04% TiO(2) from 0m

                                                                                                                                                    AC25COS010

                                                                                                                                                    369760

                                                                                                                                                    6737393.5

                                                                                                                                                    319

                                                                                                                                                    45

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    38m @ 4.20% TiO(2) from 0m

                                                                                                                                                    AC25COS011

                                                                                                                                                    369664

                                                                                                                                                    6737353.2

                                                                                                                                                    316

                                                                                                                                                    44

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    44m @ 3.76% TiO(2) from 0m

                                                                                                                                                    AC25COS012

                                                                                                                                                    369703

                                                                                                                                                    6737267.2

                                                                                                                                                    320

                                                                                                                                                    40

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    34m @ 4.15% TiO(2) from 0m

                                                                                                                                                    AC25COS013

                                                                                                                                                    369792

                                                                                                                                                    6737303.5

                                                                                                                                                    323

                                                                                                                                                    53

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    53m @ 3.48% TiO(2) from 0m

                                                                                                                                                    AC25COS014

                                                                                                                                                    369889

                                                                                                                                                    6737333.9

                                                                                                                                                    325

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 5.00% TiO(2) from 0m

                                                                                                                                                    AC25COS015

                                                                                                                                                    369983

                                                                                                                                                    6737369.4

                                                                                                                                                    326

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 5.23% TiO(2) from 0m

                                                                                                                                                    AC25COS016

                                                                                                                                                    370076

                                                                                                                                                    6737403.3

                                                                                                                                                    324

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 6.54% TiO(2) from 0m

                                                                                                                                                    AC25COS017

                                                                                                                                                    370169

                                                                                                                                                    6737435.8

                                                                                                                                                    325

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 6.40% TiO(2) from 0m

                                                                                                                                                    AC25COS018

                                                                                                                                                    370201

                                                                                                                                                    6737338.5

                                                                                                                                                    327

                                                                                                                                                    56

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    56m @ 5.08% TiO(2) from 0m

                                                                                                                                                    AC25COS019

                                                                                                                                                    370104

                                                                                                                                                    6737305.4

                                                                                                                                                    326

                                                                                                                                                    56

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    56m @ 5.67% TiO(2) from 0m

                                                                                                                                                    AC25COS020

                                                                                                                                                    370012

                                                                                                                                                    6737272.2

                                                                                                                                                    328

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 4.23% TiO(2) from 0m

                                                                                                                                                    AC25COS021

                                                                                                                                                    369917

                                                                                                                                                    6737239.9

                                                                                                                                                    323

                                                                                                                                                    55

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    55m @ 5.77% TiO(2) from 0m

                                                                                                                                                    AC25COS022

                                                                                                                                                    369823

                                                                                                                                                    6737211.2

                                                                                                                                                    321

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 3.99% TiO(2) from 0m

                                                                                                                                                    AC25COS023

                                                                                                                                                    369730

                                                                                                                                                    6737176.5

                                                                                                                                                    318

                                                                                                                                                    46

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    36m @ 4.49% TiO(2) from 0m

                                                                                                                                                    AC25COS024

                                                                                                                                                    369726

                                                                                                                                                    6737110.2

                                                                                                                                                    314

                                                                                                                                                    40

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    40m @ 3.87% TiO(2) from 0m

                                                                                                                                                    AC25COS025

                                                                                                                                                    369860

                                                                                                                                                    6737113.3

                                                                                                                                                    317

                                                                                                                                                    42

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    42m @ 4.33% TiO(2) from 0m

                                                                                                                                                    AC25COS026

                                                                                                                                                    369953

                                                                                                                                                    6737145.9

                                                                                                                                                    323

                                                                                                                                                    58

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 6.22% TiO(2) from 0m

                                                                                                                                                    AC25COS027

                                                                                                                                                    370045

                                                                                                                                                    6737183.4

                                                                                                                                                    326

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 4.81% TiO(2) from 0m

                                                                                                                                                    AC25COS028

                                                                                                                                                    370144

                                                                                                                                                    6737214.4

                                                                                                                                                    327

                                                                                                                                                    56

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    56m @ 6.55% TiO(2) from 0m

                                                                                                                                                    AC25COS029

                                                                                                                                                    370238

                                                                                                                                                    6737247

                                                                                                                                                    327

                                                                                                                                                    56

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    56m @ 6.51% TiO(2) from 0m

                                                                                                                                                    AC25COS030

                                                                                                                                                    370270

                                                                                                                                                    6737155.1

                                                                                                                                                    326

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    60m @ 5.61% TiO(2) from 0m

                                                                                                                                                    AC25COS031

                                                                                                                                                    370175

                                                                                                                                                    6737121

                                                                                                                                                    325

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 6.55% TiO(2) from 0m

                                                                                                                                                    AC25COS032

                                                                                                                                                    370079

                                                                                                                                                    6737086.5

                                                                                                                                                    324

                                                                                                                                                    56

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    56m @ 4.68% TiO(2) from 0m

                                                                                                                                                    AC25COS033

                                                                                                                                                    369987

                                                                                                                                                    6737054

                                                                                                                                                    322

                                                                                                                                                    58

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 5.02% TiO(2) from 0m

                                                                                                                                                    AC25COS034

                                                                                                                                                    369891

                                                                                                                                                    6737020.3

                                                                                                                                                    317

                                                                                                                                                    51

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    51m @ 3.94% TiO(2) from 0m

                                                                                                                                                    AC25COS035

                                                                                                                                                    369933

                                                                                                                                                    6736919.6

                                                                                                                                                    318

                                                                                                                                                    46

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    46m @ 3.73% TiO(2) from 0m

                                                                                                                                                    AC25COS036

                                                                                                                                                    370019

                                                                                                                                                    6736958.6

                                                                                                                                                    320

                                                                                                                                                    46

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    46m @ 6.81% TiO(2) from 0m

                                                                                                                                                    AC25COS037

                                                                                                                                                    370114

                                                                                                                                                    6736993.2

                                                                                                                                                    323

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 5.23% TiO(2) from 0m

                                                                                                                                                    AC25COS038

                                                                                                                                                    370207

                                                                                                                                                    6737024.8

                                                                                                                                                    324

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 6.74% TiO(2) from 0m

                                                                                                                                                    AC25COS039

                                                                                                                                                    370282

                                                                                                                                                    6737058

                                                                                                                                                    325

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 6.24% TiO(2) from 0m

                                                                                                                                                    AC25COS040

                                                                                                                                                    370053

                                                                                                                                                    6736867.7

                                                                                                                                                    321

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 5.03% TiO(2) from 0m

                                                                                                                                                    AC25COS041

                                                                                                                                                    370148

                                                                                                                                                    6736895.9

                                                                                                                                                    323

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 5.43% TiO(2) from 0m

                                                                                                                                                    AC25COS042

                                                                                                                                                    370242

                                                                                                                                                    6736931.5

                                                                                                                                                    325

                                                                                                                                                    56

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    56m @ 7.15% TiO(2) from 0m

                                                                                                                                                    AC25TOM001

                                                                                                                                                    373330

                                                                                                                                                    6724794.2

                                                                                                                                                    305

                                                                                                                                                    59

                                                                                                                                                    -70

                                                                                                                                                    270

                                                                                                                                                    59m @ 6.17% TiO(2) from 0m

                                                                                                                                                    AC25TOM002

                                                                                                                                                    373699

                                                                                                                                                    6724327

                                                                                                                                                    298

                                                                                                                                                    66

                                                                                                                                                    -70

                                                                                                                                                    270

                                                                                                                                                    62m @ 6.39% TiO(2) from 4m

                                                                                                                                                    AC25TOM003

                                                                                                                                                    373743

                                                                                                                                                    6724164.6

                                                                                                                                                    295

                                                                                                                                                    56

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    56m @ 6.16% TiO(2) from 0m

                                                                                                                                                    AC25TOM004

                                                                                                                                                    373716

                                                                                                                                                    6724260.4

                                                                                                                                                    297

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 5.90% TiO(2) from 4m

                                                                                                                                                    AC25TOM005

                                                                                                                                                    373679

                                                                                                                                                    6724350.4

                                                                                                                                                    299

                                                                                                                                                    58

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 5.80% TiO(2) from 4m

                                                                                                                                                    AC25TOM006

                                                                                                                                                    373650

                                                                                                                                                    6724136.4

                                                                                                                                                    295

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    59m @ 6.36% TiO(2) from 1m

                                                                                                                                                    AC25TOM007

                                                                                                                                                    373620

                                                                                                                                                    6724230.4

                                                                                                                                                    297

                                                                                                                                                    58

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 5.88% TiO(2) from 0m

                                                                                                                                                    AC25TOM008

                                                                                                                                                    373592

                                                                                                                                                    6724327.3

                                                                                                                                                    299

                                                                                                                                                    62

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    60m @ 6.20% TiO(2) from 2m

                                                                                                                                                    AC25TOM009

                                                                                                                                                    373563

                                                                                                                                                    6724420.9

                                                                                                                                                    300

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 5.92% TiO(2) from 2m

                                                                                                                                                    AC25TOM010

                                                                                                                                                    373551

                                                                                                                                                    6724106.3

                                                                                                                                                    296

                                                                                                                                                    45

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    43m @ 6.59% TiO(2) from 2m

                                                                                                                                                    AC25TOM011

                                                                                                                                                    373543

                                                                                                                                                    6724199.5

                                                                                                                                                    297

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 6.44% TiO(2) from 2m

                                                                                                                                                    AC25TOM012

                                                                                                                                                    373329

                                                                                                                                                    6724786.9

                                                                                                                                                    305

                                                                                                                                                    56

                                                                                                                                                    -70

                                                                                                                                                    270

                                                                                                                                                    56m @ 5.73% TiO(2) from 0m

                                                                                                                                                    AC25TOM013

                                                                                                                                                    373188

                                                                                                                                                    6724966.9

                                                                                                                                                    303

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 5.51% TiO(2) from 2m

                                                                                                                                                    AC25TOM014

                                                                                                                                                    373226

                                                                                                                                                    6724838.7

                                                                                                                                                    305

                                                                                                                                                    58

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    56m @ 6.16% TiO(2) from 2m

                                                                                                                                                    AC25TOM015

                                                                                                                                                    373428

                                                                                                                                                    6724168.4

                                                                                                                                                    299

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 5.79% TiO(2) from 0m

                                                                                                                                                    AC25TOM016

                                                                                                                                                    373398

                                                                                                                                                    6724267.2

                                                                                                                                                    300

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 6.34% TiO(2) from 2m

                                                                                                                                                    AC25TOM017

                                                                                                                                                    373369

                                                                                                                                                    6724362.9

                                                                                                                                                    302

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 6.30% TiO(2) from 2m

                                                                                                                                                    AC25TOM018

                                                                                                                                                    373338

                                                                                                                                                    6724458.6

                                                                                                                                                    302

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 6.66% TiO(2) from 2m

                                                                                                                                                    AC25TOM019

                                                                                                                                                    373307

                                                                                                                                                    6724549

                                                                                                                                                    303

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 6.11% TiO(2) from 4m

                                                                                                                                                    AC25TOM020

                                                                                                                                                    373281

                                                                                                                                                    6724648.7

                                                                                                                                                    306

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 5.74% TiO(2) from 0m

                                                                                                                                                    AC25TOM021

                                                                                                                                                    373250

                                                                                                                                                    6724746.7

                                                                                                                                                    305

                                                                                                                                                    49

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    49m @ 7.49% TiO(2) from 0m

                                                                                                                                                    AC25TOM022

                                                                                                                                                    373484

                                                                                                                                                    6724295.9

                                                                                                                                                    299

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 6.50% TiO(2) from 0m

                                                                                                                                                    AC25TOM023

                                                                                                                                                    373457

                                                                                                                                                    6724393.4

                                                                                                                                                    301

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    46m @ 5.66% TiO(2) from 4m

                                                                                                                                                    AC25TOM024

                                                                                                                                                    373432

                                                                                                                                                    6724487.3

                                                                                                                                                    302

                                                                                                                                                    56

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 5.70% TiO(2) from 2m

                                                                                                                                                    AC25TOM025

                                                                                                                                                    373406

                                                                                                                                                    6724582.6

                                                                                                                                                    304

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 6.08% TiO(2) from 2m

                                                                                                                                                    AC25TOM026

                                                                                                                                                    373381

                                                                                                                                                    6724679.7

                                                                                                                                                    306

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 6.11% TiO(2) from 0m

                                                                                                                                                    AC25TOM027

                                                                                                                                                    373351

                                                                                                                                                    6724773.2

                                                                                                                                                    305

                                                                                                                                                    51

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    49m @ 6.06% TiO(2) from 2m

                                                                                                                                                    AC25TOM028

                                                                                                                                                    373324

                                                                                                                                                    6724868.3

                                                                                                                                                    303

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    60m @ 6.09% TiO(2) from 0m

                                                                                                                                                    AC25TOM029

                                                                                                                                                    373289

                                                                                                                                                    6724981.4

                                                                                                                                                    302

                                                                                                                                                    56

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 5.24% TiO(2) from 2m

                                                                                                                                                    AC25TOM030

                                                                                                                                                    373472

                                                                                                                                                    6724708.7

                                                                                                                                                    307

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 6.02% TiO(2) from 0m

                                                                                                                                                    AC25TOM031

                                                                                                                                                    373446

                                                                                                                                                    6724803

                                                                                                                                                    305

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 6.70% TiO(2) from 0m

                                                                                                                                                    AC25TOM032

                                                                                                                                                    373413

                                                                                                                                                    6724899.1

                                                                                                                                                    302

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 5.74% TiO(2) from 2m

                                                                                                                                                    AC25TOM033

                                                                                                                                                    373394

                                                                                                                                                    6724986

                                                                                                                                                    301

                                                                                                                                                    57

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    55m @ 6.29% TiO(2) from 2m

                                                                                                                                                    AC25TOM034

                                                                                                                                                    373262

                                                                                                                                                    6725066.1

                                                                                                                                                    300

                                                                                                                                                    47

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    47m @ 4.41% TiO(2) from 0m

                                                                                                                                                    AC25TOM035

                                                                                                                                                    373161

                                                                                                                                                    6725044.8

                                                                                                                                                    302

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 5.29% TiO(2) from 2m

                                                                                                                                                    AC25TOM036

                                                                                                                                                    373359

                                                                                                                                                    6725089.9

                                                                                                                                                    299

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 7.21% TiO(2) from 2m

                                                                                                                                                    AC25TOM037

                                                                                                                                                    373479

                                                                                                                                                    6725024.5

                                                                                                                                                    299

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 6.72% TiO(2) from 2m

                                                                                                                                                    AC25TOM038

                                                                                                                                                    373532

                                                                                                                                                    6724521.5

                                                                                                                                                    303

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 6.69% TiO(2) from 0m

                                                                                                                                                    AC25TOM039

                                                                                                                                                    373506

                                                                                                                                                    6724612.9

                                                                                                                                                    305

                                                                                                                                                    51

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    51m @ 7.55% TiO(2) from 0m

                                                                                                                                                    AC25TOM040

                                                                                                                                                    373599

                                                                                                                                                    6724639.4

                                                                                                                                                    305

                                                                                                                                                    57

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    57m @ 7.48% TiO(2) from 0m

                                                                                                                                                    AC25TOM041

                                                                                                                                                    373572

                                                                                                                                                    6724737.1

                                                                                                                                                    306

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 7.19% TiO(2) from 0m

                                                                                                                                                    AC25TOM042

                                                                                                                                                    373547

                                                                                                                                                    6724823.5

                                                                                                                                                    305

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 7.43% TiO(2) from 0m

                                                                                                                                                    AC25TOM043

                                                                                                                                                    373554

                                                                                                                                                    6724948.1

                                                                                                                                                    301

                                                                                                                                                    58

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 6.08% TiO(2) from 0m

                                                                                                                                                    AC25TOM044

                                                                                                                                                    374399

                                                                                                                                                    6727318.7

                                                                                                                                                    280

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 3.96% TiO(2) from 0m

                                                                                                                                                    AC25TOM045

                                                                                                                                                    374200

                                                                                                                                                    6727299.9

                                                                                                                                                    284

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 4.69% TiO(2) from 0m

                                                                                                                                                    AC25TOM046

                                                                                                                                                    374000

                                                                                                                                                    6727298.6

                                                                                                                                                    286

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 4.95% TiO(2) from 4m

                                                                                                                                                    AC25TOM047

                                                                                                                                                    373801

                                                                                                                                                    6727298.6

                                                                                                                                                    293

                                                                                                                                                    47

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    47m @ 5.72% TiO(2) from 4m

                                                                                                                                                    AC25TOM048

                                                                                                                                                    373600

                                                                                                                                                    6727298.7

                                                                                                                                                    298

                                                                                                                                                    51

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    47m @ 5.91% TiO(2) from 4m

                                                                                                                                                    AC25TOM049

                                                                                                                                                    373399

                                                                                                                                                    6727331.6

                                                                                                                                                    302

                                                                                                                                                    42

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    38m @ 2.72% TiO2 from 4m

                                                                                                                                                    AC25TOM050

                                                                                                                                                    373200

                                                                                                                                                    6727298.5

                                                                                                                                                    304

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    46m @ 4.03% TiO(2) from 6m

                                                                                                                                                    AC25TOM051

                                                                                                                                                    373039

                                                                                                                                                    6727298.6

                                                                                                                                                    304

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 5.23% TiO(2) from 0m

                                                                                                                                                    AC25TOM052

                                                                                                                                                    372984

                                                                                                                                                    6726900.1

                                                                                                                                                    295

                                                                                                                                                    42

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    42m @ 6.67% TiO(2) from 0m

                                                                                                                                                    AC25TOM053

                                                                                                                                                    373228

                                                                                                                                                    6726902.1

                                                                                                                                                    290

                                                                                                                                                    45

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    45m @ 3.91% TiO(2) from 0m

                                                                                                                                                    AC25TOM054

                                                                                                                                                    373401

                                                                                                                                                    6726901.6

                                                                                                                                                    291

                                                                                                                                                    43

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    43m @ 3.82% TiO(2) from 0m

                                                                                                                                                    AC25TOM055

                                                                                                                                                    372601

                                                                                                                                                    6724901.3

                                                                                                                                                    317

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 3.19% TiO(2) from 0m

                                                                                                                                                    AC25TOM056

                                                                                                                                                    372801

                                                                                                                                                    6724901.6

                                                                                                                                                    311

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 4.08% TiO(2) from 2m

                                                                                                                                                    AC25TOM057

                                                                                                                                                    373000

                                                                                                                                                    6724912.6

                                                                                                                                                    307

                                                                                                                                                    62

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    60m @ 6.22% TiO(2) from 2m

                                                                                                                                                    AC25TOM058

                                                                                                                                                    373201

                                                                                                                                                    6724502.2

                                                                                                                                                    304

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    46m @ 4.49% TiO(2) from 8m

                                                                                                                                                    AC25TOM059

                                                                                                                                                    372999

                                                                                                                                                    6724498.4

                                                                                                                                                    308

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 4.49% TiO(2) from 4m

                                                                                                                                                    AC25TOM060

                                                                                                                                                    372800

                                                                                                                                                    6724498.6

                                                                                                                                                    313

                                                                                                                                                    30

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    30m @ 4.49% TiO(2) from 0m

                                                                                                                                                    AC25TOM061

                                                                                                                                                    372601

                                                                                                                                                    6724500.3

                                                                                                                                                    323

                                                                                                                                                    35

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    35m @ 0.93% TiO(2) from 0m

                                                                                                                                                    AC25TOM062

                                                                                                                                                    373600

                                                                                                                                                    6724901.1

                                                                                                                                                    302

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 6.00% TiO(2) from 0m

                                                                                                                                                    AC25TOM063

                                                                                                                                                    373802

                                                                                                                                                    6724905.6

                                                                                                                                                    299

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 5.59% TiO(2) from 0m

                                                                                                                                                    AC25TOM064

                                                                                                                                                    374000

                                                                                                                                                    6724898.3

                                                                                                                                                    295

                                                                                                                                                    44

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    40m @ 5.59% TiO(2) from 4m

                                                                                                                                                    AC25TOM065

                                                                                                                                                    374156

                                                                                                                                                    6724902.7

                                                                                                                                                    293

                                                                                                                                                    38

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    38m @ 5.59% TiO(2) from 0m

                                                                                                                                                    AC25TOM066

                                                                                                                                                    373999

                                                                                                                                                    6724498.8

                                                                                                                                                    295

                                                                                                                                                    61

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    61m @ 6.47% TiO(2) from 0m

                                                                                                                                                    AC25TOM067

                                                                                                                                                    373301

                                                                                                                                                    6724156.7

                                                                                                                                                    302

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 5.15% TiO(2) from 0m

                                                                                                                                                    AC25TOM068

                                                                                                                                                    372701

                                                                                                                                                    6724101

                                                                                                                                                    308

                                                                                                                                                    29

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    28m @ 1.08% TiO(2) from 0m

                                                                                                                                                    AC25TOM069

                                                                                                                                                    372901

                                                                                                                                                    6724101.4

                                                                                                                                                    305

                                                                                                                                                    29

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    29m @ 0.81% TiO(2) from 0m

                                                                                                                                                    AC25TOM070

                                                                                                                                                    372790

                                                                                                                                                    6723699.3

                                                                                                                                                    292

                                                                                                                                                    18

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    18m @ 1.12% TiO(2) from 0m

                                                                                                                                                    AC25TOM071

                                                                                                                                                    373000

                                                                                                                                                    6723701.3

                                                                                                                                                    290

                                                                                                                                                    57

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    57m @ 1.91% TiO(2) from 0m

                                                                                                                                                    AC25TOM072

                                                                                                                                                    373199

                                                                                                                                                    6723701.2

                                                                                                                                                    287

                                                                                                                                                    57

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    47m @ 4.53% TiO(2) from 10m

                                                                                                                                                    AC25TOM073

                                                                                                                                                    373398

                                                                                                                                                    6723700.3

                                                                                                                                                    287

                                                                                                                                                    53

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    45m @ 4.53% TiO(2) from 8m

                                                                                                                                                    AC25TOM074

                                                                                                                                                    373601

                                                                                                                                                    6723701.7

                                                                                                                                                    291

                                                                                                                                                    51

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    51m @ 5.05% TiO(2) from 0m

                                                                                                                                                    AC25TOM075

                                                                                                                                                    373801

                                                                                                                                                    6723701.6

                                                                                                                                                    286

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 5.82% TiO(2) from 0m

                                                                                                                                                    AC25TOM076

                                                                                                                                                    373984

                                                                                                                                                    6723701.5

                                                                                                                                                    279

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    60m @ 5.26% TiO(2) from 0m

                                                                                                                                                    AC25TOM077

                                                                                                                                                    374200

                                                                                                                                                    6723701.7

                                                                                                                                                    273

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 5.84% TiO(2) from 6m

                                                                                                                                                    AC25TOM078

                                                                                                                                                    374298

                                                                                                                                                    6724100.1

                                                                                                                                                    282

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    44m @ 5.18% TiO(2) from 4m

                                                                                                                                                    AC25TOM079

                                                                                                                                                    374189

                                                                                                                                                    6724094.3

                                                                                                                                                    283

                                                                                                                                                    51

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    51m @ 5.13% TiO(2) from 0m

                                                                                                                                                    AC25TOM080

                                                                                                                                                    373859

                                                                                                                                                    6724096

                                                                                                                                                    292

                                                                                                                                                    57

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    53m @ 6.49% TiO(2) from 4m

                                                                                                                                                    AC25TOM081

                                                                                                                                                    373700

                                                                                                                                                    6724097.8

                                                                                                                                                    294

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 6.55% TiO(2) from 2m

                                                                                                                                                    AC25TOM082

                                                                                                                                                    374401

                                                                                                                                                    6723735

                                                                                                                                                    270

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    40m @ 4.11% TiO(2) from 10m

                                                                                                                                                    AC25TOM083

                                                                                                                                                    374599

                                                                                                                                                    6723720.5

                                                                                                                                                    269

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    50m @ 3.64% TiO(2) from 0m

                                                                                                                                                    AC25TOM084

                                                                                                                                                    374804

                                                                                                                                                    6723730.4

                                                                                                                                                    268

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    44m @ 4.31% TiO(2) from 6m

                                                                                                                                                    AC25TOM085

                                                                                                                                                    374701

                                                                                                                                                    6724098.6

                                                                                                                                                    277

                                                                                                                                                    47

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    43m @ 4.31% TiO(2) from 4m

                                                                                                                                                    AC25TOM086

                                                                                                                                                    374500

                                                                                                                                                    6724098.2

                                                                                                                                                    278

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 5.52% TiO(2) from 6m

                                                                                                                                                    AC25TOM087

                                                                                                                                                    374599

                                                                                                                                                    6724498.3

                                                                                                                                                    285

                                                                                                                                                    44

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    34m @ 4.86% TiO(2) from 10m

                                                                                                                                                    AC25TOM088

                                                                                                                                                    374433

                                                                                                                                                    6724855.9

                                                                                                                                                    289

                                                                                                                                                    43

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    27m @ 4.12% TiO(2) from 16m

                                                                                                                                                    AC25TOM089

                                                                                                                                                    374600

                                                                                                                                                    6724901.3

                                                                                                                                                    286

                                                                                                                                                    38

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    22m @ 4.25% TiO(2) from 16m

                                                                                                                                                    AC25TOM090

                                                                                                                                                    374399

                                                                                                                                                    6724499.7

                                                                                                                                                    286

                                                                                                                                                    42

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    42m @ 5.42% TiO(2) from 0m

                                                                                                                                                    AC25TOM091

                                                                                                                                                    374901

                                                                                                                                                    6722898.7

                                                                                                                                                    271

                                                                                                                                                    60

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 3.90% TiO(2) from 2m

                                                                                                                                                    AC25TOM092

                                                                                                                                                    374802

                                                                                                                                                    6722500.5

                                                                                                                                                    283

                                                                                                                                                    69

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    69m @ 4.47% TiO(2) from 0m

                                                                                                                                                    AC25TOM093

                                                                                                                                                    375000

                                                                                                                                                    6722501.7

                                                                                                                                                    277

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 3.65% TiO(2) from 0m

                                                                                                                                                    AC25TOM094

                                                                                                                                                    374801

                                                                                                                                                    6722149.8

                                                                                                                                                    287

                                                                                                                                                    42

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    42m @ 4.49% TiO(2) from 0m

                                                                                                                                                    AC25TOM095

                                                                                                                                                    375001

                                                                                                                                                    6722098.7

                                                                                                                                                    287

                                                                                                                                                    46

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    46m @ 4.06% TiO(2) from 0m

                                                                                                                                                    AC25TOM096

                                                                                                                                                    374500

                                                                                                                                                    6722898.5

                                                                                                                                                    277

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 4.70% TiO(2) from 0m

                                                                                                                                                    AC25TOM097

                                                                                                                                                    374299

                                                                                                                                                    6722898.5

                                                                                                                                                    272

                                                                                                                                                    55

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    51m @ 4.80% TiO(2) from 4m

                                                                                                                                                    AC25TOM098

                                                                                                                                                    374131

                                                                                                                                                    6722843.6

                                                                                                                                                    272

                                                                                                                                                    45

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    41m @ 4.27% TiO(2) from 4m

                                                                                                                                                    AC25TOM099

                                                                                                                                                    374402

                                                                                                                                                    6722500

                                                                                                                                                    286

                                                                                                                                                    58

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 5.08% TiO(2) from 0m

                                                                                                                                                    AC25TOM100

                                                                                                                                                    374600

                                                                                                                                                    6722501.8

                                                                                                                                                    287

                                                                                                                                                    68

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    68m @ 4.57% TiO(2) from 0m

                                                                                                                                                    AC25TOM101

                                                                                                                                                    374201

                                                                                                                                                    6722498.8

                                                                                                                                                    282

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    48m @ 4.54% TiO(2) from 0m

                                                                                                                                                    AC25TOM102

                                                                                                                                                    374402

                                                                                                                                                    6722100.5

                                                                                                                                                    295

                                                                                                                                                    66

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    66m @ 4.47% TiO(2) from 0m

                                                                                                                                                    AC25TOM103

                                                                                                                                                    374565

                                                                                                                                                    6722100.8

                                                                                                                                                    296

                                                                                                                                                    64

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    64m @ 4.68% TiO(2) from 0m

                                                                                                                                                    AC25TOM104

                                                                                                                                                    374200

                                                                                                                                                    6722098.1

                                                                                                                                                    293

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 5.39% TiO(2) from 0m

                                                                                                                                                    AC25TOM105

                                                                                                                                                    374000

                                                                                                                                                    6722098.3

                                                                                                                                                    291

                                                                                                                                                    62

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 5.39% TiO(2) from 4m

                                                                                                                                                    AC25TOM106

                                                                                                                                                    373799

                                                                                                                                                    6722098.5

                                                                                                                                                    291

                                                                                                                                                    62

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    60m @ 3.45% TiO(2) from 4m

                                                                                                                                                    AC25TOM107

                                                                                                                                                    373600

                                                                                                                                                    6722098.1

                                                                                                                                                    293

                                                                                                                                                    63

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    63m @ 2.25% TiO(2) from 0m

                                                                                                                                                    AC25TOM108

                                                                                                                                                    373411

                                                                                                                                                    6722503.3

                                                                                                                                                    281

                                                                                                                                                    35

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    35m @ 1.17% TiO(2) from 0m

                                                                                                                                                    AC25TOM109

                                                                                                                                                    373600

                                                                                                                                                    6722501.5

                                                                                                                                                    281

                                                                                                                                                    50

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    46m @ 3.30% TiO(2) from 4m

                                                                                                                                                    AC25TOM110

                                                                                                                                                    373799

                                                                                                                                                    6722503.3

                                                                                                                                                    283

                                                                                                                                                    57

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    55m @ 3.13% TiO(2) from 2m

                                                                                                                                                    AC25TOM111

                                                                                                                                                    374000

                                                                                                                                                    6722504

                                                                                                                                                    282

                                                                                                                                                    58

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    58m @ 4.85% TiO(2) from 0m

                                                                                                                                                    AC25TOM112

                                                                                                                                                    373199

                                                                                                                                                    6722098.7

                                                                                                                                                    291

                                                                                                                                                    29

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    29m @ 0.53% TiO(2) from 0m

                                                                                                                                                    AC25TOM113

                                                                                                                                                    373000

                                                                                                                                                    6722102.3

                                                                                                                                                    291

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 3.02% TiO(2) from 0m

                                                                                                                                                    AC25TOM114

                                                                                                                                                    373001

                                                                                                                                                    6722498.8

                                                                                                                                                    284

                                                                                                                                                    29

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    29m @ 2.90% TiO(2) from 0m

                                                                                                                                                    AC25TOM115

                                                                                                                                                    373448

                                                                                                                                                    6722901.4

                                                                                                                                                    280

                                                                                                                                                    42

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    42m @ 3.72% TiO(2) from 0m

                                                                                                                                                    AC25TOM116

                                                                                                                                                    373299

                                                                                                                                                    6722896.8

                                                                                                                                                    286

                                                                                                                                                    52

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    52m @ 2.09% TiO(2) from 0m

                                                                                                                                                    AC25TOM117

                                                                                                                                                    373099

                                                                                                                                                    6722898.1

                                                                                                                                                    293

                                                                                                                                                    18

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    18m @ 1.21% TiO(2) from 0m

                                                                                                                                                    AC25TOM118

                                                                                                                                                    373199

                                                                                                                                                    6725301.5

                                                                                                                                                    298

                                                                                                                                                    54

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    54m @ 7.41% TiO(2) from 0m

                                                                                                                                                    AC25TOM119

                                                                                                                                                    373300

                                                                                                                                                    6725701.9

                                                                                                                                                    283

                                                                                                                                                    51

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    45m @ 5.68% TiO(2) from 6m

                                                                                                                                                    AC25TOM120

                                                                                                                                                    373502

                                                                                                                                                    6725699.1

                                                                                                                                                    280

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    44m @ 5.40% TiO(2) from 4m

                                                                                                                                                    AC25TOM121

                                                                                                                                                    373701

                                                                                                                                                    6725701.9

                                                                                                                                                    276

                                                                                                                                                    37

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    33m @ 4.71% TiO(2) from 4m

                                                                                                                                                    AC25TOM122

                                                                                                                                                    373901

                                                                                                                                                    6725701.7

                                                                                                                                                    274

                                                                                                                                                    42

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    38m @ 5.39% TiO(2) from 4m

                                                                                                                                                    AC25TOM123

                                                                                                                                                    374101

                                                                                                                                                    6725701.9

                                                                                                                                                    271

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    44m @ 6.01% TiO(2) from 4m

                                                                                                                                                    AC25TOM124

                                                                                                                                                    374301

                                                                                                                                                    6725701.7

                                                                                                                                                    269

                                                                                                                                                    48

                                                                                                                                                    -90

                                                                                                                                                    0

                                                                                                                                                    44m @ 5.44% TiO(2) from 4m
 Data aggregation methods                                          ·    In reporting Exploration Results, weighting averaging techniques,           ·    Sample compositing has been applied to reported exploration results
                                                                   maximum and/or minimum grade truncations (eg cutting of high grades) and         of diamond drillholes as the sample length of individual samples varies and
                                                                   cut-off grades are usually Material and should be stated.                        therefore a weighted average has been used to provide the TiO(2) intercepts

                                                                                for those holes.
                                                                   ·    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 the reporting of          ·    The drilling at Pitfield has intersected TiO(2) mineralisation in
                                                                   Exploration Results.                                                             nearly every hole and in those holes nearly every hole has finished in

                                                                                mineralisation. Recent drilling in the southwestern corner of the project has
                                                                   ·    If the geometry of the mineralisation with respect to the drill hole        drilled into holes that have very low grade mineralisation (<1.5% TiO(2)).
                                                                   angle is known, its nature should be reported.                                   The nature of the sediments is different with these holes being drilled into

                                                                                coarse grained immature sandstones. The results suggest that this is the
                                                                   ·    If it is not known and only the down hole lengths are reported, there       western edge of the mineralisation, however further drilling to the west of
                                                                   should be a clear statement to this effect (eg 'down hole length, true width     these holes will need to confirm this.
                                                                   not known').

                                                                                                                                                    ·    The true width and strike thickness of the mineralisation cannot be
                                                                                                                                                    reported as the eastern, southern and northern extents of the mineralisation
                                                                                                                                                    are currently unknow after more than 380 drill holes.
 Diagrams                                                          ·    Appropriate maps and sections (with scales) and tabulations of              ·    Please refer to figures within the text and previous Empire Metals
                                                                   intercepts should be included for any significant discovery being reported       AIM announcements.
                                                                   These should include, but not be limited to a plan view of drill hole collar
                                                                   locations and appropriate sectional views.
 Balanced reporting                                                ·    Where comprehensive reporting of all Exploration Results is not             ·    The Company believes that the AIM announcement is a balanced report
                                                                   practicable, representative reporting of both low and high grades and/or         with all material results reported.
                                                                   widths should be practiced to avoid misleading reporting of Exploration
                                                                   Results.
 Other substantive exploration data                                ·    Other exploration data, if meaningful and material, should be               ·    Everything meaningful and material is disclosed in the body of the
                                                                   reported including (but not limited to): geological observations; geophysical    report. Geological observations have been factored into the report and can
                                                                   survey results; geochemical survey results; bulk samples - size and method of    also be found in previous Empire Metals Ltd AIM announcements.
                                                                   treatment; metallurgical test results; bulk density, groundwater, geotechnical
                                                                   and rock characteristics; potential deleterious or contaminating substances.
 Further work                                                      ·    The nature and scale of planned further work (eg tests for lateral          ·    Drilling in the next 12 months will consist of several AC, RC and
                                                                   extensions or depth extensions or large-scale step-out drilling).                diamond programs. There is infill drilling planned at the Thomas prospect that

                                                                                will be designed to take the inferred resources to indicated and indicated to
                                                                   ·    Diagrams clearly highlighting the areas of possible extensions,             measured where appropriate. Diamond drilling is planned to aid in the
                                                                   including the main geological interpretations and future drilling areas,         geotechnical understanding of the mineralisation as well as generate samples
                                                                   provided this information is not commercially sensitive.                         for metallurgical test work.

                                                                                                                                                    ·    An exploration drill program will take place to identify the eastern
                                                                                                                                                    and western limits of the mineralisation to determine the extent of this giant
                                                                                                                                                    deposit. This drilling will also aid studies into mine planning and
                                                                                                                                                    infrastructure location.

                                                                                                                                                    ·    A mineral resource drill program with AC and RC will be undertaken at
                                                                                                                                                    the Cosgrove Project with the aim of delivering a mineral resource estimate
                                                                                                                                                    that will include both inferred and indicated resources.

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.

·    Sample compositing has been applied to reported exploration results
of diamond drillholes as the sample length of individual samples varies and
therefore a weighted average has been used to provide the TiO(2) intercepts
for those holes.

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').

·    The drilling at Pitfield has intersected TiO(2) mineralisation in
nearly every hole and in those holes nearly every hole has finished in
mineralisation. Recent drilling in the southwestern corner of the project has
drilled into holes that have very low grade mineralisation (<1.5% TiO(2)).
The nature of the sediments is different with these holes being drilled into
coarse grained immature sandstones. The results suggest that this is the
western edge of the mineralisation, however further drilling to the west of
these holes will need to confirm this.

·    The true width and strike thickness of the mineralisation cannot be
reported as the eastern, southern and northern extents of the mineralisation
are currently unknow after more than 380 drill holes.

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.

·    Please refer to figures within the text and previous Empire Metals
AIM announcements.

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.

·    The Company believes that the AIM announcement is a balanced report
with all material results 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.

·    Everything meaningful and material is disclosed in the body of the
report. Geological observations have been factored into the report and can
also be found in previous Empire Metals Ltd AIM announcements.

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.

·    Drilling in the next 12 months will consist of several AC, RC and
diamond programs. There is infill drilling planned at the Thomas prospect that
will be designed to take the inferred resources to indicated and indicated to
measured where appropriate. Diamond drilling is planned to aid in the
geotechnical understanding of the mineralisation as well as generate samples
for metallurgical test work.

·    An exploration drill program will take place to identify the eastern
and western limits of the mineralisation to determine the extent of this giant
deposit. This drilling will also aid studies into mine planning and
infrastructure location.

·    A mineral resource drill program with AC and RC will be undertaken at
the Cosgrove Project with the aim of delivering a mineral resource estimate
that will include both inferred and indicated resources.

 

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to
this section.)

 Database integrity                           ·    Measures taken to ensure that data has not been corrupted by, for           ·    Data is verified by Empire geologists before being placed in the
                                              example, transcription or keying errors, between its initial collection and      Empire database.
                                              its use for Mineral Resource estimation purposes.

                                                                                ·    All data is stored and verified in an Access database.
                                              ·    Data validation procedures used.

                                                                                                                               ·    Geological data is captured in Excel logging templates using
                                                                                                                               referential validation. Once checked data is uploaded to MaxGeo Datashed
                                                                                                                               software, managed by an external database consultant.

                                                                                                                               ·    CSV tables for geological data are exported for use in geological
                                                                                                                               modelling software.

                                                                                                                               ·    De-surveying (the process of creating a three-dimensional drillhole
                                                                                                                               trace) is conducted in either Leapfrog Geo or Datamine RM Pro. Inbuilt
                                                                                                                               validation checks in both software packages are used to verify the data.

                                                                                                                               ·    Empire Metals Australia Pty Ltd (Empire) assume responsibility for
                                                                                                                               the validity and accuracy of the data that supports the estimation of Mineral
                                                                                                                               Resources at both Cosgrove and Thomas deposits (Pitfield Project).

 Site visits                                  ·    Comment on any site visits undertaken by the Competent Person and the       ·    The competent persons are employees of Empire Metals and have spent
                                              outcome of those visits.                                                         time at site.

                                              ·    If no site visits have been undertaken indicate why this is the case.       ·    SnowdenOptiro, geological consultants who have put the MRE model
                                                                                                                               together have been to site to see site activities including AC drilling and
                                                                                                                               sampling and looking at diamond drill core.

                                                                                                                               ·    A site visit was conducted by Snowden Optiro, who is acting as a
                                                                                                                               technical consultant to Empire.

                                                                                                                               ·    Snowden Optiro have reviewed drilling and sampling procedures and
                                                                                                                               provided guidance through drill spacing analysis.

                                                                                                                               ·    Snowden Optiro are independent of Empire Metals Australia Pty Ltd and
                                                                                                                               have no interest in the Project, other than providing technical support
                                                                                                                               through written contractual agreements.

                                                                                                                               ·    An independent data QA/QC process was undertaken by SnowdenOptiro
                                                                                                                               geological consultants.

 Geological interpretation                    ·    Confidence in (or conversely, the uncertainty of ) the geological           ·    Interpretation of mineralisation geometry is based on geological
                                              interpretation of the mineral deposit.                                           interpretation of the logging of AC, RC and diamond samples and assay results.

                                              ·    Nature of the data used and of any assumptions made.                        ·    Geological interpretation of the underlying sediments and their

                                                                                current orientation has had a control on the mineralisation.  The intense
                                              ·    The effect, if any, of alternative interpretations on Mineral               weathering of these sediments and the subsequent alteration of the existing
                                              Resource estimation.                                                             mineralisation upgrading the titanite to anatase has also had a significant

                                                                                impact on the modelling of the deposit.
                                              ·    The use of geology in guiding and controlling Mineral Resource

                                              estimation.                                                                      ·    The deposit is extremely large and very homogeneous in the medium to

                                                                                large scale and therefore the grade and continuity of grade is not affected to
                                              ·    The factors affecting continuity both of grade and geology.                 any degree.

                                                                                                                               ·    Geological and material type models have been constructed across both
                                                                                                                               deposits at the Pitfield Project, which has used the extensive geochemical and
                                                                                                                               lithological data available.

                                                                                                                               ·    Diamond drilling has helped in understanding style of mineralisation
                                                                                                                               at Pitfield and the extent of the weathering overprint (texture and nature of
                                                                                                                               contacts). This work is further supported by multiple technical studies
                                                                                                                               including metallurgy, mineralogy, and petrography.

                                                                                                                               ·    The underlying geological model should be considered a fair
                                                                                                                               representation of the lithological units at the Pitfield Project. The model is
                                                                                                                               supported by orientated diamond drilling and inclined reverse circulation
                                                                                                                               drilling that has been drilled perpendicular to the stratigraphic sequence.
                                                                                                                               The objective of shallower air core drilling was primarily focused on
                                                                                                                               understanding the depth and lateral extent of weathered cap.

                                                                                                                               ·    The geological model has been simplified to represent the
                                                                                                                               distribution of the conglomerate horizons, with all other units where not
                                                                                                                               cover or laterite determined to be the remaining Yandanooka silt/sandstone
                                                                                                                               package. The orientation and thickness of the conglomerate can be traced
                                                                                                                               across multiple drill sections. An observation is that the conglomerate
                                                                                                                               interbeds appear to demonstrate a lower grade of titanium mineralisation, than
                                                                                                                               that of the sands/siltstones.

                                                                                                                               ·    The material model details the distribution of cover
                                                                                                                               (sands/soil/organics), laterite, saprolite (both upper and lower), weathered
                                                                                                                               sandstone/conglomerates (transitional and saprock) and fresh rock.

                                                                                                                               ·    Secondary weathering processes are interpreted to have acted both
                                                                                                                               vertically and laterally, as such the search and continuity modelling honour
                                                                                                                               this observation. It is plausible that the mineralisation event could be
                                                                                                                               inclined to the east to follow the stratigraphic bedding which strikes
                                                                                                                               northwest-southeast at approximately 340° and dipping 40-65° towards the
                                                                                                                               northeast. However, secondary weathering events are assessed as a higher
                                                                                                                               priority.

                                                                                                                               ·    Mineralisation is ubiquitous throughout the sandstone package, with a
                                                                                                                               lower modelling cut-off approximately 2% TiO(2) demarking a northwest corridor
                                                                                                                               on the western side of the deposits The eastern contact is not fully resolved
                                                                                                                               by drilling and appears more gradational.

                                                                                                                               ·    Both deposits have undergone extensive
                                                                                                                               haematite-carbonate-epidote-chlorite alteration and an associated titanium
                                                                                                                               mineralisation event. Secondary weathering is pervasive with both lateritic
                                                                                                                               and kaolinsation processes, leading to an extensive 'weathered cap' extending
                                                                                                                               to an average of 30-50 m below surface. Weathering has resulted in a chemical
                                                                                                                               alteration of the primary titanite to anatase,. Associated gauge minerals are
                                                                                                                               hematite, quartz, carbonate, and albite (sodium feldspar).

                                                                                                                               ·    Both deposits share similar characteristics, albeit the weathering
                                                                                                                               profile is deeper at Thomas than that at Cosgrove.

                                                                                                                               As with all deposits further drilling will improve the geological
                                                                                                                               understanding of the mineralisation/weathering processes. The Competent Person
                                                                                                                               has reflected this in the resource classification applied.
 Dimensions                                   ·    The extent and variability of the Mineral Resource expressed as             ·    The mineral resource estimate at the Thomas prospect is a subset of
                                              length (along strike or otherwise), plan width, and depth below surface to the   the much larger TiO(2) mineralisation found at Pitfield. Currently the
                                              upper and lower limits of the Mineral Resource.                                  mineralisation at Pitfield has been identified in drilling over a strike
                                                                                                                               length of 35km and a width of 5km.

                                                                                                                               ·    The Cosgrove deposit is modelled to cover an area 7.5 km(N) and
                                                                                                                               4.0 km(E) and to a depth of 400 m.

                                                                                                                               ·    The Thomas deposit is modelled to cover an area 8.0 km(N) by
                                                                                                                               5.0 km(E) and to a depth of 400 m.
 Estimation and modelling techniques          ·    The nature and appropriateness of the estimation technique(s) applied       ·    The listed Mineral Resources are the first estimated for the Pitfield
                                              and key assumptions, including treatment of extreme grade values, domaining,     Project.
                                              interpolation parameters and maximum distance of extrapolation from data

                                              points. If a computer assisted estimation method was chosen include a            ·    Geological modelling was conducted using Leapfrog Geo software, with
                                              description of computer software and parameters used.                            statistical and geostatistical evaluation completed using Datamine's Snowden

                                                                                Supervisor software and estimation and reporting finalised using Datamine
                                              ·    The availability of check estimates, previous estimates and/or mine         Studio RM Pro.
                                              production records and whether the Mineral Resource estimate takes appropriate

                                              account of such data.                                                            ·    The estimation of Mineral Resources uses all available drill data

                                                                                (air core, reverse circulation, and diamond). Thomas comprises 259 holes, for
                                              ·    The assumptions made regarding recovery of by-products.                     18,116 meters of drilling. Cosgrove totals 87 holes for 4,570 metres drilling.

                                              ·    Estimation of deleterious elements or other non-grade variables of          ·    Twin drillhole studies were completed to evaluate and test for
                                              economic significance (eg sulphur for acid mine drainage characterisation).      sampling bias between drilling methods, given the style of mineralisation no

                                                                                material bias was determined, and no factoring was applied between drill
                                              ·    In the case of block model interpolation, the block size in relation        types.
                                              to the average sample spacing and the search employed.

                                                                                ·    Drilling at the Thomas deposit varies from the close spaced drilling
                                              ·    Any assumptions behind modelling of selective mining units.                 at 100 m by 100 m centres but generally honours a dice five configuration of

                                                                                air core drilled on a 400 m(N) by 200 m(E) grid, which is infilled with an
                                              ·    Any assumptions about correlation between variables.                        offset grid of reverse circulation drilling using a 400 m(N) by 400 m(E)

                                                                                pattern. All Indicated Resources comprise a drill spacing between 100 m by
                                              ·    Description of how the geological interpretation was used to control        100 m (in the close spaced drilling area) and no more than 300 m between
                                              the resource estimates.                                                          drillholes.

                                              ·    Discussion of basis for using or not using grade cutting or capping.        ·    Various drillhole spacing exercises were conducted prior to the

                                                                                Mineral Resource Estimate and subsequent 2025 drill campaign. The objective of
                                              ·    The process of validation, the checking process used, the comparison        these studies was to determine the appropriate drill spacing derived from
                                              of model data to drill hole data, and use of reconciliation data if available.   conditional simulation studies. The results from these studies indicated that
                                                                                                                               a drill spacing using an offset grid approximating a 200 m(E) and 400 m(N)
                                                                                                                               grid would be sufficient given the low variability in the grade and homogenous
                                                                                                                               nature of mineralisation, with the deposit sharing parallels with other bulk
                                                                                                                               commodity deposits such as bauxite.

                                                                                                                               ·    Cosgrove comprises close spaced drilling, like at Thomas, however,
                                                                                                                               lacks the systematic grid drilling which has not been conducted. The
                                                                                                                               classification applied at Cosgrove represents this data configuration.

                                                                                                                               ·    All geochemical data are reported parts per million, which was
                                                                                                                               converted to percentage All elements of interest were converted to their
                                                                                                                               respective oxide minerals using established stoichiometric conversion ratios.
                                                                                                                               Iron was assessed to be hematite (Fe(2)O(3)).

                                                                                                                               ·    Exploratory data analysis was used to assess lower mineralisation
                                                                                                                               cut-offs. Support from geological modelling indicated a lower threshold
                                                                                                                               approximating 2% TiO(2) was reasonable threshold which marks a mineralised
                                                                                                                               corridor, striking northwest-southwest on the western margin. The eastern
                                                                                                                               margin appears more gradational in nature.

                                                                                                                               ·    Elemental distributions varied between weathering domains, and as
                                                                                                                               such estimation domains were defined from a combination of weathering and
                                                                                                                               mineralisation domains.

                                                                                                                               ·    Four estimation domains were defined for TiO(2), Fe and Al. 500 -
                                                                                                                               cover, 1000 - laterite, 2000 - combined saprolite, weathered and fresh, 3000 -
                                                                                                                               fresh conglomerate. At Thomas these were further sub-divided to account for
                                                                                                                               low grade (100) and higher-grade TiO(2) mineralisation.

                                                                                                                               ·    Six estimation domains were defined for Ca, Mg, Na and K. 500 -
                                                                                                                               cover, 1000 - laterite, 2000 - saprolite, 3000 - weathered, 4000 - fresh and
                                                                                                                               5000 - fresh conglomerate. These were then further sub-divided on for low and
                                                                                                                               high-grade mineralisation at Thomas.

                                                                                                                               ·    Cosgrove honoured the same estimation domains, however, did not
                                                                                                                               require the sub-domaining for grade mineralisation as the western margin has
                                                                                                                               not been clearly defined.

                                                                                                                               ·    All data was composited honouring material type domains. The
                                                                                                                               compositing length chosen was 2 m and reflects the typical sampling interval
                                                                                                                               as most of the drill data was derived from air core or reverse circulation
                                                                                                                               drilling. No residuals were discarded, and metal checks confirmed the validity
                                                                                                                               of the compositing process.

                                                                                                                               ·    No top-cutting was required due to the low coefficients of variation
                                                                                                                               exhibited by the sample population and typical for this style of
                                                                                                                               mineralisation.

                                                                                                                               ·    All the elements used their own variogram models but honoured the
                                                                                                                               same sample neighbourhoods and search orientations.

                                                                                                                               ·    Variograms were modelled separately for each deposit using normal
                                                                                                                               scores transformed data, which was back transformed on export. At Thomas, the
                                                                                                                               nugget effect was modelled at <20% of total variance, with the remaining
                                                                                                                               three structures modelled at 155 m (0.31), 285 m (0.11), and 535 m (0.41).
                                                                                                                               The variogram is aligned 000->345 for the major direction, 00->255 for
                                                                                                                               the semi-major and 90->000 for the minor (vertical). Cosgrove has less data
                                                                                                                               outside of the closely spaced drill area. At Cosgrove, the nugget effect
                                                                                                                               accounted for approximately 25% of variance of the data. The remaining two
                                                                                                                               structures were modelled at 125 m(0.316) and 375 m(0.435). The orientations
                                                                                                                               were like Thomas, however favoured a slight rotation of the major to
                                                                                                                               00->340 was used, with 00->070 for the semi-major and 90->00 for the
                                                                                                                               minor.

                                                                                                                               ·    TiO(2), was estimated into parent block cells using ordinary kriging.
                                                                                                                               The parent blocks were discretised to a 5 by 5 by 5 grids of points. The block
                                                                                                                               size was chosen from a consideration of mining selectivity, kriging
                                                                                                                               neighbourhood analysis and drillhole sample configuration.

                                                                                                                               ·    A parent block size of 50 m(X) by 50 m(Y) by 10 m(Z) was used with
                                                                                                                               sub-celling 2 m in all directions permitted.

                                                                                                                               ·    The block model was coded for material type, lithology,
                                                                                                                               mineralisation domains.

                                                                                                                               ·    A three-pass estimation strategy was adopted.

                                                                                                                               o  The first pass searching to the full range of the modelled variograms for
                                                                                                                               TiO(2) analyte and using a minimum of ten and a maximum of 20 samples and a
                                                                                                                               bore hole restrictor of a max of five samples from anyone hole.

                                                                                                                               o  The second pass expanded the search radius by 1.5 times, whilst
                                                                                                                               maintaining the sample pairs and bore hole restrictor.

                                                                                                                               o  The third pass used a further expanded search criteria of three times,
                                                                                                                               however with a reduction in sample pairs to a minimum of five and maximum of
                                                                                                                               ten samples, maintaining the bore hole restrictor of five samples per hole.

                                                                                                                               ·    Any blocks not estimated in three passes were hard coded the mean
                                                                                                                               grade of the estimation domain and flagged in the model and excluded from
                                                                                                                               classified resources.

                                                                                                                               ·    Due to the size of the deposits and extrapolation on the margins,
                                                                                                                               validation was only conducted on classified resources and corresponding
                                                                                                                               samples within the classified resource perimeter. This comprised an assessment
                                                                                                                               of the kriging metrics (kriging variance, efficiency, and slope of
                                                                                                                               regression). An assessment of number of samples used the average distance of
                                                                                                                               samples to the block centre and drill hole spacing. Additionally, previous
                                                                                                                               conditional simulation drillhole spacing studies were compared back to the
                                                                                                                               ordinary kriged estimate.

                                                                                                                               ·    Density was assigned based on weathering (see density section).

                                                                                                                               ·    Internal workings were captured in a supporting Mineral Resource
                                                                                                                               workbook, which documents decision points and analysis.

                                                                                                                               ·    Grade tonnage sensitivity reporting was assessed using incremental
                                                                                                                               cut-offs of 0.5% from 0% to 6% TiO(2).
 Moisture                                     ·    Whether the tonnages are estimated on a dry basis or with natural           ·    Tonnes have been estimated on a dry basis.
                                              moisture, and the method of determination of the moisture content.
 Cut-off parameters                           ·    The basis of the adopted cut-off grade(s) or quality parameters             ·    A marginal cut-off grade of 2.36% TiO(2) is calculated is derived
                                              applied.                                                                         from Total ore cost / (Process recovery*(Price*(1-Royalty)-Product
                                                                                                                               Transport))*100

                                                                                                                               ·    The Mineral Resource is reported above a 2.5% TiO(2) cut-off.

                                                                                                                               ·    Sensitivity to cut-off grade is presented in the main body of the
                                                                                                                               text along with a grade-tonnage curve.
 Mining factors or assumptions                ·    Assumptions made regarding possible mining methods, minimum mining          ·    Reasonable Prospects of Economic Extraction have been demonstrated
                                              dimensions and internal (or, if applicable, external) mining dilution. It is     for both Cosgrove and Thomas deposits via the use of an optimised pit shell
                                              always necessary as part of the process of determining reasonable prospects      (RF1) to spatially constrain the Mineral Resources.
                                              for eventual economic extraction to consider potential mining methods, but the

                                              assumptions made regarding mining methods and parameters when estimating         ·    Mining is expected to reflect a bulk mining scenario via conventional
                                              Mineral Resources may not always be rigorous. Where this is the case, this       truck and shovel equipment. However, no studies have been conducted at this
                                              should be reported with an explanation of the basis of the mining assumptions    stage due to no declared Mineral Resources existing for Pitfield.
                                              made.

                                                                                                                               ·    The region is well services by infrastructure; rail and road and port
                                                                                                                               facilities located within 120 km of Geraldton. The Three-Springs area
                                                                                                                               comprises gas and high voltage infrastructure. Empire is also assessing low
                                                                                                                               carbon options such as wind/solar and potentially geothermal energy.

                                                                                                                               ·    The optimisaiton has assumed certain early-stage engineering criteria
                                                                                                                               which are outlined below for transparency.

                                                                                                                               o  No dilution or recover modifiers have been applied, assuming a bulk mining
                                                                                                                               scenario and inline with Mineral Sands operations

                                                                                                                               o  A process recovery of 70% is applied irrespective of weathering type.

                                                                                                                               o  A titanium product price of US$2,500/t is supported with the production of
                                                                                                                               a high value finishing product. Empire provided guidance to Snowden Optiro,
                                                                                                                               which reflects a conservative five-year historical Tier-1 pigment price,
                                                                                                                               informed by industry expert TiPMC

                                                                                                                               o  Mining cost is estimated at US$3/t with an incremental ore cost of
                                                                                                                               US$0.5/t and inline with other bulk commodity costs.

                                                                                                                               o  Processing costs are estimated at US$38/t and assume that a high value end
                                                                                                                               use product is produced. Further work is required with respect to locating a
                                                                                                                               suitable hydromet facility.

                                                                                                                               o  G&A costs are envisaged to be US$1.5/t.

                                                                                                                               o  Transport costs are benchmarked by noting a 160 km haulage to Geraldton
                                                                                                                               Port at US$20/t.

                                                                                                                               o  State royalty is benchmarked at 2.5%.

                                                                                                                               o  Geotechnical parameters range between 40-45 degrees for open pit wall
                                                                                                                               angles. The open pit is expected to be shallow targeting the weathered cap.
 Metallurgical factors or assumptions         ·    The basis for assumptions or predictions regarding metallurgical            ·    Metallurgical testwork has been undertaken on a range of samples from
                                              amenability. It is always necessary as part of the process of determining        the exploration program.
                                              reasonable prospects for eventual economic extraction to consider potential

                                              metallurgical methods, but the assumptions regarding metallurgical treatment     ·    Focus of the testwork has been on the weathered zones.
                                              processes and parameters made when reporting Mineral Resources may not always

                                              be rigorous. Where this is the case, this should be reported with an             ·    Multiple samples from diamond drilling and AC drilling programmes
                                              explanation of the basis of the metallurgical assumptions made.                  have been selected for metallurgical testwork. The program has three key areas
                                                                                                                               - understanding the mineralogy and physical characteristics of the
                                                                                                                               mineralisation that influence metallurgical performance, mineral separation
                                                                                                                               process development and elemental extraction process development.

                                                                                                                               ·    Testwork is being managed by Empire Metals' technical team and being
                                                                                                                               undertaken at a number of commercial laboratories in Perth, Western Australia.

                                                                                                                               ·    Progress results have been reported, including most recently:

                                                                                                                               o  "Breakthrough in Process development 28/08/25

                                                                                                                               o  "Team Expansion and Bulk Met testing commences" 16/07/25

                                                                                                                               o  "Exceptional High-Purity TiO(2) Product Achieved" 09/06/25

                                                                                                                               o  "High-Purity TI2 Product achieved" 10/03/25

                                                                                                                               o  "Significant Progress Achieved on Process Flowsheet" 13/02/25

                                                                                                                               ·    This work is unoptimized, and further testwork is in progress and
                                                                                                                               planned. A wide range of possible flowsheets are still being assessed for
                                                                                                                               metallurgical performance and cost.

                                                                                                                               ·    The metallurgical development testwork is being undertaken in
                                                                                                                               conjunction with engineering studies. A desk top study is currently in
                                                                                                                               progress, with plans to complete more detailed studies as the testwork program
                                                                                                                               and wider project progresses

                                                                                                                               ·    Empire Metals Australia Pty Ltd has committed substantial financial
                                                                                                                               resources to the development of metallurgical flowsheets and commercialisation
                                                                                                                               of different titanium products (high and low-value products, pigments,
                                                                                                                               feedstock, or sponge metals).

                                                                                                                               ·    The approach has involved extensive metallurgical field programmes on
                                                                                                                               exploration diamond core, bulk samples, and finalised test products. This is
                                                                                                                               supported by a dedicated full-time Process Development Manager, Commercial
                                                                                                                               Manager and Marketing Manager.

                                                                                                                               ·    The most recent test work (see announcement dated 4 September 2025)
                                                                                                                               indicates that a conceptual flow sheet using conventional processing routes
                                                                                                                               can produce a high-purity (+99% TiO(2) product). Additionally, that the
                                                                                                                               mineralisation and potential ore is non-refractory and free of deleterious
                                                                                                                               elements (radioactive elements, phosphorus, vanadium, chromium). Recoveries
                                                                                                                               from the weathered material are expected to achieve between 67-77%.

                                                                                                                               ·    Early metallurgical test work focused on fresh mineralisation which
                                                                                                                               demonstrated viability. Empire's focus has now shifted towards the weathered
                                                                                                                               cap due to the shallow and lateral extent of this horizon and amenability to
                                                                                                                               traditional processing routes.

                                                                                                                               ·    Detailed mineralogical test work has been collected using TIMA and
                                                                                                                               XRD analysis on metallurgical drill core samples and supported by microprobe
                                                                                                                               analysis conducted by CSIRO in Melbourne.

                                                                                                                               ·    Future studies are on track to address scalability studies / bulk
                                                                                                                               material handling trials and pilot plant processing.

                                                                                                                               ·    Commercialisation and/or product marketing studies are ongoing to
                                                                                                                               understand end user requirements and sales and marketability of final
                                                                                                                               products.

 Environmen-tal factors or assumptions        ·    Assumptions made regarding possible waste and process residue               ·    Empire Metals Australia Pty Ltd is not aware of any current
                                              disposal options. It is always necessary as part of the process of determining   constraints pertaining to ESG. With current land holder agreements in place
                                              reasonable prospects for eventual economic extraction to consider the            and in good standing.
                                              potential environmental impacts of the mining and processing operation. While

                                              at this stage the determination of potential environmental impacts,              ·    Preliminary metallurgical test work does not identify any deleterious
                                              particularly for a greenfields project, may not always be well advanced, the     elements that would feature in waste rock.
                                              status of early consideration of these potential environmental impacts should

                                              be reported. Where these aspects have not been considered this should be         ·    Any waste rock landforms are likely to comprise inert material with
                                              reported with an explanation of the environmental assumptions made.              no known PAF forming capability and situated adjacent to open pits given the
                                                                                                                               bulk mining methods envisaged.

                                                                                                                               ·    Concept studies suggest that back filling of the shallow open pits is
                                                                                                                               viable once the saprolite and weathered material has been mined.

                                                                                                                               ·    The deposits are located on disturbed farming freehold land, with no
                                                                                                                               native title issues identified at this stage. The Pitfield tenure falls under
                                                                                                                               Yamatji Southern Regional Corporation.

                                                                                                                               ·    Empire Metals Australia Pty Ltd also employees a full time
                                                                                                                               Environmental Manager.

                                                                                                                               ·    Base line studies are well advanced, and into their second years of
                                                                                                                               study for ecology, noise, and dust.

                                                                                                                               ·    Options for process waste storage facilities have been discussed,
                                                                                                                               including volumes, types, potential environmental impact, potential for reuse
                                                                                                                               and form in which the wastes will be stored. Locations for the waste storage
                                                                                                                               facilities are being considered. Multiple options are being discussed.

 Bulk density                                 ·    Whether assumed or determined. If assumed, the basis for the                ·    Bulk density determined using diamond drill core samples.
                                              assumptions. If determined, the method used, whether wet or dry, the frequency

                                              of the measurements, the nature, size and representativeness of the samples.     ·    Density has been assigned based on material type (weathering

                                                                                horizon).
                                              ·    The bulk density for bulk material must have been measured by methods

                                              that adequately account for void spaces (vugs, porosity, etc), moisture and      ·    Density is determined from bulk density measurements conducted on 40
                                              differences between rock and alteration zones within the deposit.                drill core samples analysed at ALS, Perth. The measurements consider material

                                                                                type, moisture and grainsize. A dry bulk density value is determined through
                                              ·    Discuss assumptions for bulk density estimates used in the evaluation       the water immersion method.
                                              process of the different materials.

                                                                                                                               ·    The values applied are listed below:

                                                                                                                               o  Cover - 1.7 t/m(3)

                                                                                                                               o  Laterite - 1.78 t/m(3)

                                                                                                                               o  Saprolite - 2.02 t/m(3)

                                                                                                                               o  Weathered sandstone/conglomerate - 2.14 t/m(3)

                                                                                                                               o  Fresh sandstone/conglomerate - 3.07 t/m(3)

                                                                                                                               ·    Additional bulk density measurements will be routinely collected as
                                                                                                                               further diamond drilling and metallurgical studies are conducted.

                                                                                                                               ·    There is the risk that the density assumptions may be
                                                                                                                               over-or-underestimated given the scale of the deposit. The Competent Person
                                                                                                                               considers that the density measurements are generally conservative for the
                                                                                                                               weathered cap, and the fresh density is reliable given the homogenous nature
                                                                                                                               of the sandstone.

                                                                                                                               ·    The accuracy in the assignment of density is acceptable given that
                                                                                                                               there will be variance in the exact position of the weathering surfaces due to
                                                                                                                               uncertainty between drillholes.
 Classification                               ·    The basis for the classification of the Mineral Resources into              ·    Resources classified based on confidence in geological
                                              varying confidence categories.                                                   interpretation, and QA/QC of assay data.

                                              ·    Whether appropriate account has been taken of all relevant factors          ·    Empire Metals Australia Pty Ltd Exploration Manager Andrew Faragher
                                              (ie relative confidence in tonnage/grade estimations, reliability of input       is acting as the Competent Person who the purposes of reporting Mineral
                                              data, confidence in continuity of geology and metal values, quality, quantity    Resources under the 2012 version of the JORC Code. Mr. Faragher is a member of
                                              and distribution of the data).                                                   AusIMM (Australian Institute of Mining and Metallurgy).

                                              ·    Whether the result appropriately reflects the Competent Person's view       ·    Mineral Resources have been classified in accordance with the 2012
                                              of the deposit.                                                                  version of the JORC Code. The following criteria have been applied to
                                                                                                                               determine Indicated and Inferred Resources.

                                                                                                                               ·    Inferred Resources are classified whereby:

                                                                                                                               o  Kriging variance is below 0.6.

                                                                                                                               o  Where the average distance from the block centre to all samples used for
                                                                                                                               estimation was less than 350 m.

                                                                                                                               o  In addition, no further than 20 m extrapolation below the base of the air
                                                                                                                               core drilling (creating uniform, best fit surface).

                                                                                                                               ·    Indicated Resource are classified whereby:

                                                                                                                               o  The kriging variance is below 0.45.

                                                                                                                               o  Where the average distance from the block centre to all samples used for
                                                                                                                               estimation approximated 200 m or less.

                                                                                                                               o  Resources have been tested using air core, reverse circulation, and
                                                                                                                               diamond drilling.

                                                                                                                               o  Metallurgical test work has been conducted to a suitable study level to
                                                                                                                               demonstrate recovery viability.

                                                                                                                               o  Where drill spacing gaps exist between fence lines due to native flora.

                                                                                                                               ·    No resources have been classified as Measured.

                                                                                                                               ·    All reportable resources are constrained to an open pit optimisation
                                                                                                                               (revenue factor 1 shell) demonstrating Reasonable Prospects for Eventual
                                                                                                                               Economic Extraction (RPEEE). Mineral Resources are reported above a 2.5%
                                                                                                                               TiO(2) cut-off which is above the calculated marginal cut-off of 2.36% TiO(2.)

                                                                                                                               The classification applied appropriately reflects the Competent Person's view
                                                                                                                               of the location and confidence in the Mineral Resource estimate.
 Audits or reviews                            ·    The results of any audits or reviews of Mineral Resource estimates.         ·    The Mineral Resources have been reviewed by Snowden Optiro, who are
                                                                                                                               acting as an independent technical consultancy to Empire Metals Australia Pty
                                                                                                                               Ltd and who have no commercial interest in the Project.
 Discussion of relative accuracy/ confidence  ·    Where appropriate a statement of the relative accuracy and confidence       ·    Mineral Resources has been classified using a combination of
                                              level in the Mineral Resource estimate using an approach or procedure deemed     geological, metallurgical, geostatistical and drill spacing parameters.
                                              appropriate by the Competent Person. For example, the application of             Additionally demonstrate and satisfy the RPEEE criterion using both a spatial
                                              statistical or geostatistical procedures to quantify the relative accuracy of    constraint (optimised pit shell and suitable reporting cut-off grade).
                                              the resource within stated confidence limits, or, if such an approach is not

                                              deemed appropriate, a qualitative discussion of the factors that could affect    ·    The relative accuracy of the Pitfield MRE is reflected in the
                                              the relative accuracy and confidence of the estimate.                            reporting of Mineral Resource in accordance with the 2012 version of the JORC

                                                                                Code.
                                              ·    The statement should specify whether it relates to global or local

                                              estimates, and, if local, state the relevant tonnages, which should be           ·    The Mineral Resource statement relates to the global estimate of
                                              relevant to technical and economic evaluation. Documentation should include      tonnes and grade.
                                              assumptions made and the procedures used.

                                                                                ·    No production data or previous estimates are available for
                                              ·    These statements of relative accuracy and confidence of the estimate        comparison.
                                              should be compared with production data, where available.

 

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