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REG - Greatland Gold PLC - Results from 2021 Exploration Programme Scallywag

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RNS Number : 2250H  Greatland Gold PLC  05 April 2022

--
5 April 2022

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
MARKET ABUSE REGULATIONS.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE
PUBLIC DOMAIN.

 

Greatland Gold plc
("Greatland" or "the Company")

 

Results from 2021 Exploration Programme at Scallywag

 

Assay results show broad geochemical anomalism at Scallywag providing further
evidence of mineralising systems, confirming the area's prospectivity

 

New conductor targets in ground electromagnetic surveys identified for 2022
drilling

 

Greatland Gold plc (AIM:GGP), a mining development and exploration company
with a focus on precious and base metals, is pleased to announce completed
drilling results from the 2021 drill programme at its 100% owned Scallywag
licence.  Results have been received for the seven holes completed at four
prospects, along with the results of the ground Electro-Magnetic ("EM")
survey.

 

The 2021 drilling programme and ground EM survey at Scallywag is the second
stage of the comprehensive exploration programme initiated at Scallywag and
comprised seven holes for 3,863 metres, testing the Swan, Barbossa West,
Architeuthis and Teach targets (refer to previous announcements on 19 April
2021 and 24 August 2021).

 

Highlights

 

§ Significantly anomalous Au with Bi-Te-Sb pathfinder geochemistry
intersected in SWD001 at the Swan target:

§ 2.6m @ 0.19g/t Au from 35.4m AND 3m @ 0.19g/t Au from 430m in Swan hole
SWD001, associated with broad zones of strongly anomalous Bi-Te-Sb
pathfinders;

§                 Anomalous gold and pathfinders identified in
three further holes at the Swan and Barbossa West prospects

§ 7m @ 0.10g/t Au from 18m in Swan hole SWD003

§ 1m @ 0.48g/t Au from 384m in Swan hole SWD002

§ 1m @ 0.20g/t Au from 296m in Barbossa West hole BWD001

§                 Ground EM survey completed identifying eight
promising EM conductor plates in four targets, including two plates adjacent
to Swan hole SWD001 above, representing potential higher grade mineralisation
proximal to the anomalism identified at Swan to date

 

Next Steps

§ 2022 exploration drill programme designed to test ground EM conductors at
Pearl, Swan and Swan East

§ Surface geochemistry in suitable areas involving Ultra Fine Fraction
geochemistry is planned

§ Ongoing review of the 2020 airborne Electro-Magnetic survey, to identify
further "Pearl" like aerial EM anomalies for ground EM follow-up

§ Further analysis of the drilling results from 2021, 2020 and integration
into ongoing basin-wide geophysical and geological modelling to drive further
targeting

 

 

Shaun Day, Managing Director of Greatland Gold plc, commented: "We are pleased
with the results from the 2021 drilling campaign on our 100% owned Scallywag
licence. Gold mineralisation has been intercepted in four of the seven holes
reported, which is highly encouraging.

 

"These results, together with identifying several new conductor targets from
the ground EM programme and results from the 2020 work, increases our
confidence regarding the prospectivity for intrusion related and other styles
of mineralised systems at Scallywag.

 

"In addition to identifying prospective drill targets for our 2022 drill
program, this rich set of data builds our understanding of the regional and
prospect scale geology as we continue to develop and refine our targeting
strategy ahead of our 2022 exploration programmes."

 

In addition to this release, a PDF version of this report with supplementary
information can be found at the Company's
website: www.greatlandgold.com/media/jorc/
(https://greatlandgold.com/media/jorc/)

 

Enquiries:

 

 Greatland Gold PLC                                                        +44 (0)20 3709 4900

 Shaun Day                                                                 info@greatlandgold.com (mailto:info@greatlandgold.com)

                                                                           www.greatlandgold.com (http://www.greatlandgold.com)

 SPARK Advisory Partners Limited (Nominated Adviser)                       +44 (0)20 3368 3550

 Andrew Emmott/James Keeshan

 Berenberg (Joint Corporate Broker and Financial Adviser)                  +44 (0)20 3207 7800

 Matthew Armitt/Jennifer Lee/Detlir Elezi

 Canaccord Genuity (Joint Corporate Broker and Financial Adviser)          +44 (0)20 7523 8000

 James Asensio/Patrick Dolaghan

 Hannam & Partners (Joint Corporate Broker and Financial Adviser)          +44 (0)20 7907 8500

 Andrew Chubb/Matt Hasson/Jay Ashfield

 SI Capital Limited (Joint Broker)                                         +44 (0)14 8341 3500

 Nick Emerson/Alan Gunn

 Luther Pendragon (Media and Investor Relations)                           +44 (0)20 7618 9100

 Harry Chathli/Alexis Gore

 

 

 

Further Information on the Scallywag Drill Programme

 

Assay results have been received from all seven Reverse Circulation / Diamond
Drilling holes drilled at four prospects on the 100% owned Scallywag tenement
during the second half of 2021 as described previously ("Drilling Commences at
100% owned Scallywag Licence", Greatland announcement dated 24 August 2021).
This phase of drilling at Scallywag comprised seven holes for 3,862.7m,
testing the Swan, Barbossa West, Architeuthis and Teach targets (Table 1).

 

Drill sample turnaround times were significantly delayed due to the record
high volume of samples being sent to assay laboratories across the industry in
Western Australia.

 

 

Swan

Swan comprises a strong, deep aerial EM conductor (A33) located in an
interpreted fold structure with coincident gravity high developed adjacent to,
or truncated by, structures in the crustal scale Kaliranu Fault Zone.  Two
reconnaissance holes SWD001 and SWD002 were completed on the target, along
with three lines of ground EM. Hole SWD003 was drilled to test a further
airborne EM anomaly 1.5 km east of Swan.  The Swan area is covered by 15 - 25
metres of transported sediments.

SWD001 returned geochemically significant Au assays over several narrow
intervals within several broader zones of anomalous multielement bismuth (Bi)-
tellurium (Te) -Antimony (Sb) metal associations (Appendix 1; Tables 1 - 3). A
wide zone of weak, patchy Au anomalism occurs from around 415 - 450m downhole,
with narrow internal widths of strongly anomalous Bi-Te-Sb (Table 2a). The
geology consists of massive, dark, siliceous massive silty sandstone -
quartzite. Flecks of very fine-grained trace pyrite and pyrrhotite were noted
from 430 - 442m. A similar zone of anomalous Au with strong Bi-Te occurs from
140 - 180m (Table 2b), with trace fine sulphides logged from 145 - 152m.

A third weakly Au anomalous zone is located in bedrock immediately below, and
around the unconformity, suggesting possible supergene dispersion from a
higher grade bedrock system.

Drilling did not adequately explain the source of the airborne electromagnetic
anomaly. Recently completed ground EM surveying has identified more
constrained conductor targets in the Swan area that will be followed up by
further drilling, and in particular conductor plates were identified to the
west and east of hole SWD001. The Au-Bi-Te-Sb anomalous intersections
described above may represent a halo to potential higher grade mineralisation
associated with the new ground EM conductive plates.

The occurrence of several intervals of moderately intense quartz-carbonate
veining, patches of sericite, hematite and albite hydrothermal alteration,
trace sulphides, anomalous Au and Bi-Te-Sb pathfinder metal geochemistry, and
a possible supergene dispersion zone, are all highly encouraging and suggest
mineralising fluids were active in the area. Further work is warranted to test
around Swan, and in particular drill testing of ground EM conductor plates to
the east and west of Swan is considered a priority and planned for the 2022
field program.  Surface soil sampling will also be trialed, looking to
identify a source to the apparent supergene mineralisation.

SWD002 and SWD003 returned similar geology and geochemical relationships, but
generally weaker, more patchy and narrower Au- Cu and multi-element
geochemical results. Ground EM at the nearby A34 anomaly has identified a
further strong discrete conductor at depth that warrants drill testing.

 

Architeuthis, Barbossa West and Teach

These targets comprised magnetic and structural targets identified under deep
cover around the Scallywag Syncline, and were tested by four drill holes (one
each at Architeuthis and Barbossa West, and two at Teach).

 

All holes intersected basement (between 85 to 240m in depth) and reached
target depths. Several zones of anomalous gold and pathfinder mineralisation
have been identified, as outlined in Appendix 1- Table 3.

 

Further review of the drill hole logging and assay data will be undertaken to
help resolve the stratigraphy, drive geological understanding and improve
targeting.

 

 

Ground EM Surveying

Ground Electro-Magnetic ("EM") surveys were completed over targets identified
in the 2020 heliborne aerial EM survey reported previously ("Drilling
Commences at 100% owned Scallywag Licence", Greatland announcement dated 24
August 2021).  The programme was designed to confirm the aerial EM targets
and better define the geometry of the bedrock conductors prior to drilling.

 

Approximately 21.4-line kilometres of data were collected, over five target
areas (A32 to A35) in and around the Swan area, along 16 lines.  Three types
of survey configurations were used for the collection of the data: Fixed Loop,
In-loop and Slingram to obtain optimal results.

 

The survey data has identified several potential bedrock conductors.  These
have been modelled to delineate their conductance and location.  A total of
eight sub-vertical conductor plate targets have been identified across the A33
(Swan, two plates), A32 (Pearl, two plates), A34 (1 plate) and A35 (three
plates) prospects. Plates are generally 80 - 220m beneath the surface, the
majority can be targeted by RC drilling, with or without diamond core tails.
Drilling, heritage clearance, drill pad and access clearing has been planned
and is underway.

 

In addition to drill testing the ground EM targets generated in 2021, further
geophysical modelling and data processing is underway looking to upgrade
further airborne EM anomalies from the 2020 program and plan further ground EM
in the 2022 exploration programme, potentially identifying further drill
targets.

 

 

Competent Person:

 

Information in this announcement that relates to historical exploration
results has been extracted from the following announcements:

 

"Drilling Commences at 100% owned Scallywag Licence" dated 24/8/2021
(Greatland RNS announcement)

"Scallywag Drill Results" dated 19/4/2021 (Greatland RNS announcement)

"Initial Scallywag Results, New Targets Identified" dated 20/1/2021 (Greatland
RNS announcement)

"Greatland commences drilling at Scallywag prospect" dated 19/8/2020
(Greatland RNS announcement)

"New Drill Targets at Scallywag" dated 30/10/2019 (Greatland RNS announcement)

"Greatland Advances Exploration at Scallywag" dated 15/08/2019 (Greatland RNS
announcement)

"Paterson Project - Scallywag Target's MMI Results" dated 23/10/2018
(Greatland RNS announcement)

 

Information in this announcement pertaining to Reporting of Exploration
Results has been reviewed and approved by Mr John McIntyre, a Member of
the Australian Institute of Geoscientists (MAIG), who has more than 30 years
relevant industry experience. Mr McIntyre is a full-time employee of the
Company and has a financial interest in Greatland Gold plc. Mr McIntyre has
sufficient experience relevant to the style of mineralisation and type of
deposit under consideration, and to the activity which he is undertaking to
qualify as a Competent Person as defined by the 2012 Edition of the
Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil
& Gas Companies, which outline standards of disclosure for mineral
projects. Mr McIntyre consents to the inclusion in this announcement of the
matters based on this information in the form and context in which it
appears. Mr McIntyre confirms that the Company is not aware of any new
information or data that materially affects the information included in the
historical market announcements, and that the form and context in which the
information has been presented has not been materially modified.

 

Additional information on the project can be found on the Company's website at
https://greatlandgold.com/projects/scallywag/
(https://greatlandgold.com/projects/scallywag/)

 

In addition to this release, a PDF version of this report with supplementary
information can be found at the Company's website:
www.greatlandgold.com/media/jorc (https://greatlandgold.com/media/jorc/)

 

Notes for Editors:

 

Greatland Gold plc (AIM:GGP) is a mining development and exploration company
with a focus on precious and base metals. The Company's flagship asset is the
world-class Havieron gold-copper deposit in the Paterson region of Western
Australia, discovered by Greatland and presently under development in Joint
Venture with Newcrest Mining Ltd.

 

Havieron is located approximately 45km east of Newcrest's Telfer gold mine
and, subject to positive decision to mine, will leverage the existing
infrastructure and processing plant to significantly reduce the project's
capital expenditure and carbon impact for a low-cost pathway to development.
An extensive growth drilling programme is presently underway at Havieron with
a maiden Pre-Feasibility Study released on the South-East crescent on 12
October 2021. Construction of the box cut and decline to develop the Havieron
deposit commenced in February 2021.

 

Greatland has a proven track record of discovery and exploration success. It
is pursuing the next generation of tier-one mineral deposits by applying
advanced exploration techniques in under-explored regions. The Company is
focused on safe, low-risk jurisdictions and is strategically positioned in the
highly prospective Paterson region. Greatland has a total six projects across
Australia with a focus on becoming a multi-commodity mining company of
significant scale.

 

APPENDIX 1

 

Table 1 - 2021 Scallywag Prospects - Drill Hole Collar Data

 Hole    Prospect       Hole Type  EOH (m)   Grid ID   East    North    RL   Dip  Azimuth
 SWD001  Swan           DD         585.9     MGA94_51  446091  7607401  240  -60  90
 SWD002  Swan           DD         491.9     MGA94_51  446400  7607200  242  -60  90
 SWD003  Swan           DD         565       MGA94_51  447768  7607312  242  -60  90
 BWD001  Barbossa West  RC/DD      500.8     MGA94_51  449450  7601770  245  -65  225
 ARD001  Architeuthis   RC/DD      588.1     MGA94_51  456605  7602272  238  -64  270
 TED001  Teach          RC/DD      580.6     MGA94_51  458674  7596824  238  -70  240
 TED002  Teach          DD         550.4     MGA94_51  457916  7598000  238  -69  240
 TOTAL                             3,862.70

 

 

Table 2a - SWD001 - Assay Data- Drill intersection highlighting weak but
strongly correlated Au- Ag- As- Bi- Cu- Te- Pb- Zn- Sb zones in several narrow
intervals 415 - 480m

 

 HOLE    FROM  TO   Width  SAMPLE     Au ppm  Ag ppm  As ppm  Bi ppm  Cu ppm  Pb ppm  Sb ppm  Te ppm  Zn ppm
 SWD001  415   416  1      GPL002288  X       X       X       0.56    14.5    15.1    0.17    X       98
 SWD001  416   417  1      GPL002291  0.039   0.05    0.7     9.24    38.4    17.8    0.89    0.4     75
 SWD001  417   418  1      GPL002292  0.068   0.1     0.7     21.81   51.3    17.4    1.7     0.8     12
 SWD001  418   419  1      GPL002293  0.012   X       X       0.33    90.2    9.9     X       X       64
 SWD001  419   420  1      GPL002294  X       X       X       0.19    32.3    6.3     X       X       51
 SWD001  420   421  1      GPL002295  X       0.05    1       9.72    66.1    17.3    X       0.7     59
 SWD001  421   422  1      GPL002296  0.009   X       1.3     4.12    107.4   11.8    X       0.2     41
 SWD001  422   423  1      GPL002297  0.045   X       X       0.39    53.5    4.4     X       X       24
 SWD001  423   424  1      GPL002298  0.026   X       X       1.05    7.6     2.9     X       X       12
 SWD001  424   425  1      GPL002299  0.008   0.08    X       0.92    8.1     2.3     X       X       9
 SWD001  425   426  1      GPL002300  X       X       X       0.52    2.6     1.9     X       X       9
 SWD001  426   427  1      GPL002301  X       X       X       0.03    X       X       X       X       X
 SWD001  427   428  1      GPL002302  0.01    0.13    X       2.11    33.4    25.3    0.07    X       42
 SWD001  428   429  1      GPL002303  0.013   0.12    1.5     2.35    38.1    16.4    0.16    X       101
 SWD001  429   430  1      GPL002304  0.066   0.13    0.7     11.54   84.5    17.9    0.37    0.6     103
 SWD001  430   431  1      GPL002305  0.412   0.08    X       57.83   31.3    11.7    0.09    2.1     23
 SWD001  431   432  1      GPL002306  0.011   0.07    X       4.14    42.3    50.7    0.21    0.2     201
 SWD001  432   433  1      GPL002307  0.15    0.13    0.7     49.1    70.7    103     0.41    2.2     267
 SWD001  433   434  1      GPL002308  0.016   X       X       4.29    37.9    31      0.33    X       72
 SWD001  434   435  1      GPL002309  0.077   0.05    0.7     19.96   38.8    11.1    0.53    1       25
 SWD001  435   436  1      GPL002310  0.006   X       X       0.58    16.4    7.9     0.08    X       23
 SWD001  436   437  1      GPL002311  0.008   X       X       0.26    26.1    8.3     X       X       35
 SWD001  437   438  1      GPL002312  X       X       X       0.71    56.3    7.8     0.08    X       64
 SWD001  438   439  1      GPL002313  X       X       X       0.52    30.9    15.4    0.14    X       120
 SWD001  439   440  1      GPL002314  0.017   0.08    29.2    0.8     37.9    15.7    0.88    X       66
 SWD001  440   441  1      GPL002315  X       0.13    3.9     0.86    48.1    21.7    0.88    X       48
 SWD001  441   442  1      GPL002318  0.005   0.09    X       0.71    64.2    17.2    0.82    X       26
 SWD001  442   443  1      GPL002319  X       0.07    0.8     0.57    36.4    14.1    0.44    X       42
 SWD001  443   444  1      GPL002320  0.021   0.13    1.2     2.01    34.3    17.3    0.22    X       30
 SWD001  444   445  1      GPL002321  X       X       X       0.53    36.7    11.2    1.05    X       37
 SWD001  445   446  1      GPL002322  X       0.11    4       1.43    167.5   25.3    0.82    X       50
 SWD001  446   447  1      GPL002323  X       0.29    0.6     0.86    52.5    55.7    1.3     X       144
 SWD001  447   448  1      GPL002324  0.125   3.37    9.2     59.99   198.8   291.7   9.42    1.5     535
 SWD001  448   449  1      GPL002325  0.016   0.17    1.8     2.95    37.1    37.4    1.32    X       59
 SWD001  449   450  1      GPL002326  0.01    0.15    4       3.19    26.9    44.5    1.16    X       60
 SWD001  450   451  1      GPL002327  0.015   0.21    0.8     5.53    41.7    23      5.02    X       66
 SWD001  451   452  1      GPL002328  0.101   0.41    X       26.71   61.8    34.9    2.95    0.6     85
 SWD001  452   453  1      GPL002329  X       X       X       0.59    24.6    6.8     0.64    X       34
 SWD001  453   454  1      GPL002330  X       X       X       1.59    16.9    6.1     0.17    X       28
 SWD001  454   455  1      GPL002331  X       X       X       1.46    29.6    7.1     0.35    X       39
 SWD001  455   456  1      GPL002332  X       X       X       0.9     23.5    8.2     0.17    X       41
 SWD001  456   457  1      GPL002333  X       0.08    1       1       31.9    18.7    0.36    X       15
 SWD001  457   458  1      GPL002334  0.032   0.07    X       3.03    57.8    8.2     0.62    X       38
 SWD001  458   459  1      GPL002335  0.017   X       X       3.09    73.2    6.4     0.39    X       16
 SWD001  459   460  1      GPL002336  X       0.07    X       0.66    100.5   11.1    0.39    X       33
 SWD001  460   461  1      GPL002337  0.009   X       1.4     3.55    51.6    14.3    0.21    0.3     49
 SWD001  461   462  1      GPL002338  X       X       X       0.59    24.9    8.1     0.19    X       37
 SWD001  462   463  1      GPL002339  X       X       X       0.46    14.9    10.5    0.11    X       49
 SWD001  463   464  1      GPL002340  X       X       X       1.23    24.7    11.8    0.25    X       53
 SWD001  464   465  1      GPL002341  0.058   X       X       14.28   32.5    12.2    0.21    1.2     42
 SWD001  465   466  1      GPL002342  0.007   X       X       1.81    50.3    16.5    0.09    X       47
 SWD001  466   467  1      GPL002345  0.016   0.07    0.5     2.49    75.9    14.2    1.48    X       23
 SWD001  467   468  1      GPL002346  0.021   0.11    X       7.46    264.9   12.2    1.15    X       34
 SWD001  468   469  1      GPL002347  0.008   X       X       1.28    29      7.9     0.38    X       38
 SWD001  469   470  1      GPL002348  X       X       X       0.19    35.6    11.9    0.11    X       57
 SWD001  470   471  1      GPL002349  0.018   0.17    0.6     9.12    341.6   105.9   0.35    0.2     346
 SWD001  471   472  1      GPL002350  X       0.08    0.5     0.45    23.7    40.9    0.69    X       139
 SWD001  472   473  1      GPL002351  X       0.05    0.9     1.1     20.1    14.8    0.28    X       34
 SWD001  473   474  1      GPL002352  X       X       0.6     0.83    3.2     10.4    0.08    X       47
 SWD001  474   475  1      GPL002353  0.023   X       0.5     0.41    8.7     22.9    0.1     X       123
 SWD001  475   476  1      GPL002354  X       X       X       0.47    5.2     21.1    0.07    X       79
 SWD001  476   477  1      GPL002355  X       X       X       0.28    8.1     10.6    0.14    X       45
 SWD001  477   478  1      GPL002356  0.006   0.07    X       0.83    31.2    30.3    0.18    X       203
 SWD001  478   479  1      GPL002357  0.019   0.15    3.6     5.27    263.2   25      0.87    0.3     87
 SWD001  479   480  1      GPL002358  0.006   0.05    X       1.15    29      10.9    0.1     X       13

X - below detection; all assays in ppm, except Sulphur (S) in %

 

Table 2b - SWD001 - Assay Data- drill intersection highlighting weak Au and
correlated Ag- As- Bi- Cu- Te- Pb- Zn- Sb zones in several bands; 140 - 180m

 

 HOLE    FROM   TO     Width  SAMPLE     Au ppm  Ag ppm  As ppm  Bi ppm  Cu ppm  Pb ppm  Sb ppm  Te ppm  Zn ppm
 SWD001  140    141    1      GPL001988  X       X       X       0.56    26.2    13.7    0.05    X       51
 SWD001  141    142    1      GPL001989  0.045   0.06    X       6.16    49.6    8.5     0.06    0.5     32
 SWD001  142    143    1      GPL001990  0.03    X       X       6.99    34.4    12.1    0.06    0.2     59
 SWD001  143    144    1      GPL001993  0.072   0.26    1.1     19.33   207.4   54.5    0.17    0.5     153
 SWD001  144    144.9  0.9    GPL001994  X       X       X       0.69    15.2    3.2     X       X       10
 SWD001  144.9  145.4  0.5    GPL001995  X       0.1     X       0.27    199.6   5.9     0.06    X       42
 SWD001  145.4  146    0.6    GPL001996  X       0.29    X       0.3     42.6    10.6    X       X       38
 SWD001  146    147    1      GPL001997  0.009   0.14    X       0.65    25.7    9.1     X       X       26
 SWD001  147    148    1      GPL001998  X       X       X       1.51    88.4    6.7     X       X       23
 SWD001  148    149    1      GPL001999  0.092   0.23    0.7     36.43   263.5   7       0.17    0.8     76
 SWD001  149    149.5  0.5    GPL002000  0.077   0.08    0.6     24.42   73      3.4     X       0.5     60
 SWD001  149.5  150.5  1      GPL002001  X       0.06    X       1.71    74.1    1.7     X       X       7
 SWD001  150.5  151.5  1      GPL002002  X       0.08    X       1.88    168.9   2.4     X       X       11
 SWD001  151.5  152    0.5    GPL002003  X       X       X       0.64    98.7    9.2     X       X       26
 SWD001  152    153    1      GPL002004  0.01    X       X       0.37    49.2    10.7    X       X       39
 SWD001  153    154    1      GPL002005  X       X       X       0.51    35      7.2     0.06    X       34
 SWD001  154    155    1      GPL002006  0.016   X       X       7.6     36.7    5.7     0.06    X       22
 SWD001  155    156    1      GPL002007  0.009   X       X       3.19    48.9    5.6     0.06    X       32
 SWD001  156    157    1      GPL002008  X       X       X       1.47    32.5    9.8     0.06    X       41
 SWD001  157    158    1      GPL002009  0.007   0.05    X       2       19      7       0.06    X       25
 SWD001  158    159    1      GPL002010  X       X       X       0.33    14.9    5.4     0.06    X       23
 SWD001  159    160    1      GPL002011  0.011   X       X       5.22    54      7.1     0.08    X       31
 SWD001  160    161    1      GPL002012  X       X       X       2.14    5.8     5.5     X       X       20
 SWD001  161    162    1      GPL002013  0.026   X       X       11.88   50      5.7     X       X       21
 SWD001  162    163    1      GPL002014  0.026   X       X       8.76    33.9    8.1     0.06    0.3     73
 SWD001  163    164    1      GPL002015  0.02    X       X       7.99    25.2    6.2     X       X       21
 SWD001  164    165    1      GPL002016  0.01    0.07    X       0.72    21.9    7.1     0.08    X       30
 SWD001  165    166    1      GPL002017  0.011   X       X       0.32    46.4    4.2     0.05    X       32
 SWD001  164    167    3      GPL002020  0.011   0.46    X       2.56    26.9    4.3     0.06    X       15
 SWD001  167    168    1      GPL002021  0.067   X       X       10.4    70.3    6.7     0.07    0.4     26
 SWD001  168    169    1      GPL002022  0.021   X       X       10.59   30.5    6.3     X       X       27
 SWD001  169    170    1      GPL002023  0.008   X       X       1.35    13.5    6.8     0.06    X       47
 SWD001  170    171    1      GPL002024  X       X       X       0.69    18.8    6.8     X       X       24
 SWD001  171    172    1      GPL002025  0.011   X       X       2.74    11.8    7.3     X       X       26
 SWD001  172    173    1      GPL002026  0.025   X       1.8     9.2     19.2    8.2     X       0.3     18
 SWD001  173    174    1      GPL002027  0.011   X       0.5     5.66    35.4    7.3     0.07    X       36
 SWD001  174    175    1      GPL002028  0.006   0.13    X       2.56    17.2    7.5     0.05    X       34
 SWD001  175    176    1      GPL002029  0.008   X       X       1.42    13.6    6.9     X       X       29
 SWD001  176    177    1      GPL002030  X       X       X       1.29    10      5.4     X       X       20
 SWD001  177    178    1      GPL002031  X       X       X       0.47    5.3     3       0.08    X       12
 SWD001  178    179    1      GPL002032  X       X       X       0.89    11.6    6       0.07    X       42
 SWD001  179    180    1      GPL002033  0.006   0.07    X       1.15    14.5    5.8     0.07    X       28

X - below detection; all assays in ppm, except Sulphur (S) in %

 

Table 3 - Scallywag Drilling 2021 - All Anomalous Pathfinder Multi Element
Assays, with Au, excluding intervals in SWD001 reported above

 Hole    From    To     INT   Au ppm  Ag ppm  As ppm  Bi ppm  Pb ppm  Sb  ppm   Te ppm  Zn    Comments

                                                                                        ppm
 ARD001  189.5   190    0.5   -0.005  3.12    12.7    0.14    21.4    0.7       -0.2    33    Base of Permian
 ARD001  219     220    1     0.011   0.14    1.4     0.94    85.6    1.3       -0.2    91
 ARD001  249     250    1     0.005   0.17    1.3     1.39    23.8    0.17      -0.2    98
 ARD001  256     257    1     -0.005  0.28    0.6     1.35    141.3   0.3       -0.2    240
 ARD001  257     258    1     -0.005  0.2     0.7     1.69    137.5   0.14      0.2     320
 ARD001  267     268    1     -0.005  0.28    1.7     1.33    141.8   0.16      0.2     214
 ARD001  269     270    1     -0.005  0.23    2.3     2.71    157.6   0.28      -0.2    200
 ARD001  274     275    1     -0.005  0.06    1.3     1.93    32.4    0.18      0.6     61
 ARD001  291     292    1     -0.005  0.3     1.2     1.18    292.5   0.23      -0.2    146
 ARD001  292     293    1     -0.005  0.29    -0.5    1.13    256.6   0.18      -0.2    79
 ARD001  294     295    1     0.009   0.12    -0.5    1.55    10.9    0.16      -0.2    91
 ARD001  296     297    1     0.015   0.45    -0.5    1.97    10.1    0.14      0.2     97
 ARD001  297     298    1     0.008   0.19    -0.5    2.21    8.8     0.15      -0.2    84
 ARD001  312     313    1     -0.005  -0.05   -0.5    0.81    10.4    0.37      -0.2    81
 ARD001  375     376    1     0.016   0.29    -0.5    9.77    8.8     0.36      0.2     72
 ARD001  376     377    1     0.032   0.16    -0.5    5       9       0.22      -0.2    128
 ARD001  377     378    1     0.03    0.29    -0.5    4.67    9.1     0.19      0.3     147
 ARD001  421     422    1     0.016   0.06    -0.5    1.34    12.9    0.17      -0.2    84
 ARD001  427     428    1     -0.005  0.2     0.6     0.62    167     0.1       -0.2    335
 ARD001  428     429    1     -0.005  0.29    1.5     0.52    100.1   0.11      -0.2    252
 ARD001  429     430    1     0.008   0.19    0.8     0.37    285     0.14      -0.2    1063
 ARD001  435     436    1     -0.005  0.09    11.5    0.72    10.9    0.29      -0.2    62
 ARD001  436     437    1     -0.005  0.13    3.4     0.36    164.5   0.27      -0.2    541
 ARD001  437     438    1     -0.005  0.15    7.8     0.62    109.2   0.25      -0.2    411
 ARD001  440     441    1     -0.005  0.17    10.7    0.6     66.6    0.17      -0.2    252
 ARD001  441     442    1     -0.005  0.13    5.7     0.75    132.8   0.14      -0.2    278
 ARD001  444     445    1     -0.005  0.08    30.1    0.74    30.7    0.1       -0.2    101
 ARD001  448     449    1     0.005   0.07    14      0.59    15.1    0.12      -0.2    120
 ARD001  449     450    1     -0.005  0.05    12.3    0.37    32.1    0.09      -0.2    111
 ARD001  455     456    1     -0.005  0.22    0.7     0.57    123.9   0.16      -0.2    479
 ARD001  490     491    1     0.006   0.2     1       1.57    93      0.17      0.2     200
 ARD001  495     496    1     0.016   0.23    -0.5    0.51    15.4    0.12      -0.2    81
 ARD001  515     516    1     -0.005  -0.05   -0.5    23.42   6.4     0.13      0.3     69

 BWD001  66      67     1     -0.005  -0.05   10.9    0.4     37.2    0.24      -0.2    24    Permian Cover
 BWD001  67      68     1     -0.005  0.2     15.5    0.54    20.9    0.24      -0.2    31    Permian Cover
 BWD001  68      69     1     -0.005  0.48    41.6    0.96    40.5    0.29      -0.2    42    Permian Cover
 BWD001  69      70     1     -0.005  0.17    28.9    2.04    115.4   0.26      1       57    Permian Cover
 BWD001  69      70     1     -0.005  0.17    28.9    2.04    115.4   0.26      1       57    Permian Cover
 BWD001  70      70.5   0.5   -0.005  0.11    25.2    1.01    105.3   0.25      -0.2    58    Permian Cover
 BWD001  72.8    74     1.2   -0.005  0.12    12.5    0.66    76.7    0.14      -0.2    176   Permian Cover
 BWD001  74      74.8   0.8   -0.005  0.15    15.5    1       97.7    0.21      -0.2    274   Permian Cover
 BWD001  74      74.8   0.8   -0.005  0.15    15.5    1       97.7    0.21      -0.2    274   Base of Permian
 BWD001  76      77     1     -0.005  0.07    12      1.04    61.6    0.18      -0.2    336
 BWD001  77      77.4   0.4   -0.005  0.15    5.8     0.24    56.7    0.16      -0.2    344
 BWD001  78.8    79.8   1     0.007   0.15    5.3     0.41    76.4    0.14      -0.2    233
 BWD001  80.3    81.3   1     0.006   0.84    5       0.81    58.9    0.16      -0.2    243
 BWD001  111.6   112    0.4   0.03    -0.05   11.4    0.35    19.8    0.41      -0.2    42
 BWD001  146     147    1     0.025   0.15    -0.5    2.82    8.5     0.18      -0.2    61
 BWD001  264     265    1     0.049   0.36    -0.5    4.63    9.5     0.25      0.5     81
 BWD001  265     266    1     0.044   0.27    -0.5    2.64    9.2     0.22      0.4     95
 BWD001  310     311    1     -0.005  0.06    -0.5    0.62    21.4    0.27      -0.2    86
 BWD001  311     312    1     0.01    0.16    0.9     0.9     18.3    0.25      -0.2    89
 BWD001  312     313    1     -0.005  0.14    0.5     1.53    43.5    0.2       0.5     97
 BWD001  328     329    1     -0.005  0.21    4.2     1.77    2.2     0.23      -0.2    7
 BWD001  330.2   331    0.8   -0.005  0.23    2.6     1.39    164.7   0.26      -0.2    1365
 BWD001  331     332    1     -0.005  0.33    2.7     1.27    2426.2  1.41      -0.2    244
 BWD001  351     352    1     -0.005  0.6     4.2     0.61    57.6    3.03      -0.2    128
 BWD001  430     431    1     0.041   7.1     0.7     88.74   257.9   0.18      3.8     48
 BWD001  479     480    1     0.007   0.05    5.3     1.64    20      1.19      -0.2    27

 SWD001  1       1.8    0.8   0.023   0.18    25.4    0.52    20.3    0.63      -0.2    12    Permian Cover
 SWD001  4       5      1     0.01    0.38    11.3    0.6     21      0.47      -0.2    21    Permian Cover
 SWD001  5       6      1     -0.005  0.54    10.1    0.66    23.8    0.49      -0.2    31    Permian Cover
 SWD001  6       7      1     -0.005  0.46    11.6    0.77    24.8    0.54      -0.2    30    Permian Cover
 SWD001  7       8      1     0.033   1.42    13.4    1.13    26      0.54      -0.2    31    Permian Cover
 SWD001  8       9      1     0.02    0.29    16.7    2.34    26.8    0.68      -0.2    28    Permian Cover
 SWD001  11.8    12.5   0.7   0.011   0.21    13.1    1.15    24.7    0.52      -0.2    42    Permian Cover
 SWD001  15      16     1     0.024   0.64    11.8    0.67    24.2    0.57      -0.2    28    Permian Cover
 SWD001  62      63     1     0.011   0.08    0.8     6.04    6.9     0.08      0.3     38
 SWD001  72      73     1     0.04    0.06    0.8     9.72    8       0.07      -0.2    33
 SWD001  102     103    1     0.013   0.05    0.5     1.95    30.6    0.07      -0.2    247
 SWD001  124     125    1     0.005   -0.05   -0.5    5.12    6.2     0.05      -0.2    30
 SWD001  221.7   222.5  0.8   -0.005  0.62    3.3     0.71    1026.5  0.46      -0.2    215
 SWD001  231     232    1     -0.005  0.18    0.7     0.38    84      0.06      -0.2    367
 SWD001  232     233    1     -0.005  0.11    -0.5    0.77    93      -0.05     -0.2    229
 SWD001  239     240    1     -0.005  0.09    -0.5    0.18    67.2    0.06      -0.2    213
 SWD001  240     241    1     -0.005  0.31    1.2     0.42    386.9   0.07      -0.2    1246
 SWD001  241     242    1     -0.005  0.44    1       1.39    621.2   0.08      -0.2    653
 SWD001  261     262    1     0.007   0.32    0.6     0.91    180.5   0.11      -0.2    415
 SWD001  264     265    1     -0.005  0.28    0.5     0.62    192.2   0.09      -0.2    363
 SWD001  266     267    1     -0.005  0.5     1.5     0.71    233.2   0.08      -0.2    710
 SWD001  267     268    1     0.007   0.27    0.7     1.02    203     0.08      -0.2    852
 SWD001  268     269    1     0.012   0.13    0.6     0.51    28.3    0.06      -0.2    213
 SWD001  270     271    1     -0.005  0.15    -0.5    0.59    108.1   0.05      -0.2    379
 SWD001  274     275    1     0.021   0.09    0.7     4.35    39.8    -0.05     -0.2    250
 SWD001  297     298    1     0.024   -0.05   0.6     5.42    8.8     0.07      -0.2    27
 SWD001  300     301    1     0.007   0.12    0.5     0.62    107.7   0.06      -0.2    399
 SWD001  302     303    1     -0.005  0.05    0.5     0.23    84.1    0.05      -0.2    264
 SWD001  303     304    1     0.015   0.12    0.7     2.96    110.2   0.09      -0.2    632
 SWD001  305     306    1     0.007   0.06    0.7     1.03    71.9    0.12      -0.2    258
 SWD001  327     328    1     0.019   0.09    0.9     0.36    161.5   0.16      -0.2    267
 SWD001  328     329    1     -0.005  0.21    1.5     1.21    393.2   0.63      -0.2    749
 SWD001  329     330    1     -0.005  -0.05   0.7     1.03    69.3    0.16      -0.2    206
 SWD001  342     343    1     -0.005  0.07    0.6     0.47    117.8   0.2       -0.2    315
 SWD001  346     347    1     0.006   -0.05   7.7     6.65    10.9    0.32      0.3     78
 SWD001  353     354    1     -0.005  -0.05   1.4     0.13    36.3    0.07      -0.2    218
 SWD001  356     357    1     0.106   0.15    1.5     17.06   7       0.14      0.5     43
 SWD001  392     393    1     0.011   0.08    7.8     1.24    3.7     1.63      -0.2    5
 SWD001  399     400    1     -0.005  -0.05   8.8     0.32    15      1.03      -0.2    19
 SWD001  412     413    1     0.01    -0.05   3.3     1.69    6.6     1         -0.2    29
 SWD001  511     512    1     0.014   -0.05   -0.5    6.28    8.7     0.06      0.2     36
 SWD001  515     516    1     0.039   0.05    0.9     16.9    9.5     0.08      0.4     35
 SWD001  545     546    1     0.03    -0.05   0.7     5.24    5.4     -0.05     0.3     19
 SWD001  564     565    1     0.022   0.11    0.8     6.44    20.5    -0.05     -0.2    33
 SWD001  567     568    1     0.066   0.06    -0.5    8.57    8       -0.05     0.5     27
 SWD001  571     572    1     0.043   -0.05   0.7     8.17    14.7    -0.05     0.5     49

 SWD002  7       8.3    1.3   -0.005  0.66    18.2    0.85    25.1    0.65      0.2     25    Permian Cover
 SWD002  9       10     1     -0.005  0.18    10.5    0.85    24      0.47      -0.2    30    Permian Cover
 SWD002  10      11     1     0.006   0.12    13      1.04    23.6    0.49      -0.2    26    Permian Cover
 SWD002  11      12     1     0.01    0.29    13.8    1.16    22.5    0.55      -0.2    24    Permian Cover
 SWD002  12      13     1     0.005   0.41    11.5    0.84    21.9    0.54      -0.2    22    Permian Cover
 SWD002  13      13.9   0.9   0.011   0.18    14.5    0.93    25.7    0.78      -0.2    19    Base of Permian
 SWD002  120     121    1     0.071   0.06    4       0.69    79      0.37      -0.2    266
 SWD002  238     239    1     -0.005  0.09    -0.5    0.34    75      0.17      -0.2    264
 SWD002  284     285    1     0.005   0.07    0.5     0.48    3.8     0.19      -0.2    21
 SWD002  320     321.2  1.2   0.016   0.06    -0.5    0.73    95.1    0.23      -0.2    203
 SWD002  324     325    1     -0.005  0.06    -0.5    0.27    95.9    0.13      -0.2    278
 SWD002  329     330    1     -0.005  0.07    -0.5    0.17    80.7    0.13      -0.2    351
 SWD002  330     331    1     0.007   0.05    -0.5    0.26    77.2    0.1       -0.2    290

 SWD003  1       1.8    0.8   -0.005  3.42    6.3     0.24    8.7     0.28      -0.2    12    Permian Cover
 SWD003  9.4     10.1   0.7   0.018   0.19    10.9    1.35    22      0.44      -0.2    28    Permian Cover
 SWD003  18      19     1     0.383   0.34    2.2     5.69    32.6    0.19      0.4     84
 SWD003  21      22     1     -0.005  0.39    3.1     5.35    19.3    0.46      0.3     106
 SWD003  31      32     1     0.011   0.29    5.5     5.38    35.6    0.52      0.5     104
 SWD003  33      34     1     0.006   0.24    6.9     3.43    288.2   1.04      -0.2    138
 SWD003  42.5    43.3   0.8   0.053   0.24    2.1     1.22    232.5   0.22      -0.2    193
 SWD003  43.3    43.9   0.6   -0.005  0.56    2       1       124.7   0.19      -0.2    249
 SWD003  44.1    44.7   0.6   -0.005  0.32    2.7     1.84    120.6   0.2       -0.2    802
 SWD003  44.9    45.7   0.8   0.021   0.15    1.1     0.37    14.7    0.1       -0.2    802
 SWD003  45.8    46.4   0.6   0.032   0.2     2.2     0.91    8       0.14      -0.2    493
 SWD003  46.7    47.3   0.6   -0.005  0.13    0.5     0.11    9.4     0.08      -0.2    267
 SWD003  62      62.7   0.7   0.029   -0.05   10.1    0.41    7.7     0.24      -0.2    69
 SWD003  93      94     1     -0.005  0.05    -0.5    0.22    5.4     0.06      -0.2    32
 SWD003  104     105    1     0.189   0.11    5.9     29.47   8.4     0.14      0.4     31
 SWD003  303     304    1     0.013   -0.05   -0.5    5.75    19.3    -0.05     0.3     25
 SWD003  308     309    1     0.029   -0.05   -0.5    11      9.3     -0.05     0.3     19
 SWD003  309     310    1     0.044   -0.05   -0.5    3.73    5.7     -0.05     0.6     23
 SWD003  310     311    1     0.034   -0.05   -0.5    5.08    4.4     -0.05     0.5     19
 SWD003  354     355    1     0.024   0.07    1       3.95    14.6    0.06      0.5     32
 SWD003  358     359    1     0.013   0.43    8.6     6.11    35.9    0.16      0.9     76
 SWD003  372     373    1     -0.005  0.1     -0.5    0.21    30.4    0.08      -0.2    599
 SWD003  376     377    1     -0.005  0.3     1.8     0.23    104.9   0.22      -0.2    245
 SWD003  387     388    1     0.006   0.22    1       3.58    22.8    0.21      0.5     99
 SWD003  456     457    1     -0.005  0.27    1.5     0.29    329.6   0.86      -0.2    520
 SWD003  457     458    1     -0.005  0.1     -0.5    0.1     120.3   0.1       -0.2    290
 SWD003  463     464    1     -0.005  -0.05   -0.5    0.12    100.9   -0.05     -0.2    234
 SWD003  492     493    1     -0.005  0.07    23.3    0.09    8.9     0.12      -0.2    101
 SWD003  498     499    1     -0.005  0.16    3.6     0.38    437.9   0.36      -0.2    61
 SWD003  499     500    1     0.011   0.06    -0.5    0.28    4.5     0.09      -0.2    81
 SWD003  501     502    1     0.049   0.09    -0.5    5.41    4.7     0.12      0.4     82
 SWD003  512     513    1     -0.005  0.07    14.9    0.07    1.8     0.64      -0.2    28
 SWD003  513     514    1     -0.005  -0.05   11.4    0.15    2.7     0.86      -0.2    26
 SWD003  529     530    1     0.021   -0.05   -0.5    1.73    13.6    0.34      0.7     43
 SWD003  535     536    1     0.006   0.08    4.1     0.85    6.3     0.34      -0.2    41
 SWD003  536     537    1     0.041   0.2     20.6    3.66    4       0.46      0.4     35
 SWD003  538     539    1     0.358   0.13    -0.5    6.18    6.1     0.19      2.1     37
 SWD003  548     549    1     0.005   -0.05   10.7    0.2     8       0.51      -0.2    31
 SWD003  562     563    1     0.023   0.17    13.5    5.66    14.1    1.17      -0.2    46

 TED001  141     142    1     -0.005  0.48    13.5    0.08    17.4    0.33      -0.2    22    Permian Cover
 TED001  144.8   146    1.2   0.018   1.85    6.1     0.14    18.9    0.25      -0.2    46    Permian Cover
 TED001  149.45  150.3  0.85  -0.005  0.17    11.1    0.12    20.6    0.26      -0.2    38    Permian Cover
 TED001  338     339    1     -0.005  0.08    0.5     1.49    32.5    0.48      0.3     98
 TED001  341     342    1     0.005   0.2     0.5     1.13    25.2    0.39      -0.2    81
 TED001  351     352    1     -0.005  0.18    2.6     1.36    31.9    0.6       0.3     96
 TED001  385     386    1     0.007   -0.05   -0.5    0.51    26.5    0.26      -0.2    97
 TED001  406     407    1     -0.005  0.16    -0.5    2.39    16.3    0.19      -0.2    65
 TED001  435     436    1     -0.005  0.49    -0.5    3.04    28.5    0.2       0.4     119
 TED001  514     515    1     0.005   0.07    0.6     1.41    26.3    0.28      -0.2    102
 TED001  577     578    1     0.01    0.23    0.5     3.73    30      0.28      0.5     114

 TED002  218     219    1     -0.005  1.4     5.2     0.19    19.7    0.38      -0.2    59    Permian Cover
 TED002  305     306    1     0.005   0.26    0.7     3.08    11      0.19      -0.2    43
 TED002  336     337    1     0.01    0.21    -0.5    2.52    25.6    0.18      0.3     106
 TED002  389     390    1     -0.005  0.17    0.7     1.39    28.2    0.38      -0.2    99
 TED002  390     391    1     0.006   0.24    -0.5    1.49    26.8    0.3       -0.2    87
 TED002  406     406.7  0.7   0.008   0.11    0.9     5.21    23.9    0.38      0.3     94
 TED002  418     419    1     -0.005  0.15    -0.5    0.26    27.3    0.36      -0.2    102
 TED002  439     440    1     -0.005  0.29    -0.5    2.24    33.1    0.44      0.4     95
 TED002  452     453    1     0.007   -0.05   -0.5    2.52    31.4    0.35      0.3     97
 TED002  496.5   497    0.5   0.013   0.06    -0.5    4.69    39.1    0.29      0.5     92
 TED002  528     529    1     0.012   0.07    -0.5    1.18    32.8    0.36      0.3     120
 TED002  529     530    1     0.024   0.15    -0.5    1.86    20.9    0.34      0.8     98

Significant Au and pathfinder results based on cutoff grades of Au > 0.1ppm
or Ag > 2ppm or Bi > 5ppm pr Cu > 500ppm or Pb > 200ppm or Zn >
200ppm

APPENDIX 2

JORC Code, 2012 Edition - Table 1

Section 1 Sampling Techniques and Data

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

 

 Criteria                                                 JORC Code explanation                                                            Commentary
 Sampling techniques                                      ·     Nature and quality of sampling (eg cut channels, random chips, or          ·     A multi-purpose RC-DD rig was used to obtain representative samples
                                                          specific specialised industry standard measurement tools appropriate to the      in an industry standard method.
                                                          minerals under investigation)

                                                                                ·     Greatland samples comprise half core material in generally 1m
                                                          ·     Include reference to measures taken to ensure sample representivity        lengths (NQ core) or 0.5m lengths (in PQ core). All basement and the basal 20m
                                                          and the appropriate calibration of any measurement tools or systems used.        of the Permian cover was sampled. Core was cut using an automated core-cutter.

                                                          ·     Aspects of the determination of mineralisation that are Material to        ·     Cutting of core adjacent to downhole orientation line or, where
                                                          the Public Report.                                                               un-oriented and possible, orthogonal to visible geological structures such as

                                                                                bedding, foliation; ensures sample representivity.
                                                          ·     In cases where 'industry standard' work has been done this would be

                                                          relatively simple (eg 'reverse circulation drilling was used to obtain 1 m       ·     50% of the core is retained for future check logging, re-sampling
                                                          samples from which 3 kg was pulverised to produce a 30 g charge for fire         and QA/QC.
                                                          assay'). In other cases more explanation may be required, such as where there

                                                          is coarse gold that has inherent sampling problems. Unusual commodities or       Ground EM Data Collection:
                                                          mineralisation types (eg submarine nodules) may warrant disclosure of detailed

                                                          information.                                                                     In late September through early October 2021, Vortex Geophysics on behalf of
                                                                                                                                           Greatland Gold undertook the collection of 4.2-line kilometres of Fixed Loop
                                                                                                                                           electromagnetic data and 17.2-line km of Moving Loop ground electromagnetic
                                                                                                                                           data. The traverses were undertaken over five target areas identified from the
                                                                                                                                           2020 Heliborne EM survey.

                                                                                                                                           The data collection traverses were customised in orientations such as to avoid
                                                                                                                                           crossing sand dunes. Initial survey planning was to collect the data using an
                                                                                                                                           In-loop configuration, however strong "IP" effects recorded in the data
                                                                                                                                           resulted in a change of the survey design to Slingram. Consequently, some
                                                                                                                                           In-loop traverses were recollected using the Slingram configuration.
                                                                                                                                           Additionally, a small, Fixed Loop survey was undertaken over anomaly A32.

                                                                                                                                           Moving Loop Data collection specifications are:

                                                                                                                                           ·      200m square transmitter loops

                                                                                                                                           ·      Zonge GGT30 transmitter

                                                                                                                                           ·      3 component EMIT smart B-field (fluxgate) sensor

                                                                                                                                           ·      EMIT SMARTem24 receiver

                                                                                                                                           ·      Base frequency 0.5 Htz

                                                                                                                                           ·      Duty cycle 50%

                                                                                                                                           ·      Off time ramp 1 msec

                                                                                                                                           ·      39 Time channels 0.095msec to 371msec

                                                                                                                                           ·      Station spacing: 100m and 50m.

                                                                                                                                           Fixed Loop Data collection specifications are:

                                                                                                                                           ·      200m by 300m transmitter loop (East by North)

                                                                                                                                           ·      Zonge GGT30 transmitter

                                                                                                                                           ·      3 component EMIT smart B-field (fluxgate) sensor

                                                                                                                                           ·      EMIT SMARTem24 receiver

                                                                                                                                           ·      Base frequency 0.5 Htz

                                                                                                                                           ·      Duty cycle 50%

                                                                                                                                           ·      Off time ramp 1 msec

                                                                                                                                           ·      39 Time channels 0.095msec to 371msec

                                                                                                                                           ·      Line spacing 50m

                                                                                                                                           ·      Station spacing: 100m and 50m.

                                                                                                                                           ·      Line Orientation: east-west, east of Tx Loop
 Drilling techniques                                      ·     Drill type (eg core, reverse circulation, open-hole hammer, rotary         ·     RC or mud-rotary pre-collars were followed by HQ then NQ diamond
                                                          air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or   drill core to EOH.
                                                          standard tube, depth of diamond tails, face-sampling bit or other type,

                                                          whether core is oriented and if so, by what method, etc).                        ·     The core is oriented using a Reflex mark III tool, nominally every
                                                                                                                                           core run (around 6m).

 Drill sample recovery                                    ·     Method of recording and assessing core and chip sample recoveries          ·     Recovery is measured on core and reconciled against driller's depth
                                                          and results assessed.                                                            blocks in each core tray. Basement core recovery is typically around 100%;

                                                          ·     Measures taken to maximise sample recovery and ensure                      ·     No specific measures have been taken to maximise recovery, other
                                                          representative nature of the samples.                                            than employing skilled drillers;

                                                          ·     Whether a relationship exists between sample recovery and grade and        ·     Half core cut along orientation lines assist in sample
                                                          whether sample bias may have occurred due to preferential loss/gain of           representivity;
                                                          fine/coarse material.

                                                                                                                                           ·     No relationship between recovery and grade has been observed;

 Logging                                                  ·     Whether core and chip samples have been geologically and                   ·   The logging is of sufficient quality to support a Mineral Resource
                                                          geotechnically logged to a level of detail to support appropriate Mineral        estimate, and comprises a combination of quantitative and qualitative
                                                          Resource estimation, mining studies and metallurgical studies.                   features. The entire hole is logged;

                                                          ·     Whether logging is qualitative or quantitative in nature. Core (or         ·   Geological logging recorded qualitative descriptions of lithology,
                                                          costean, channel, etc) photography.                                              alteration, mineralisation, veining, and structure including orientation of

                                                                                key geological features;
                                                          ·     The total length and percentage of the relevant intersections

                                                          logged.                                                                          ·   Geotechnical measurements were recorded including Rock Quality
                                                                                                                                           Designation (RQD), solid core recovery and qualitative rock strength
                                                                                                                                           measurements;

                                                                                                                                           ·   Magnetic susceptibility measurements were recorded every metre using a
                                                                                                                                           KT20 machine;

                                                                                                                                           ·   The bulk density of selected drill core intervals was determined at
                                                                                                                                           site on whole core samples.

                                                                                                                                           ·   Digital data was recorded on site and stored in an SQL database.

                                                                                                                                           ·   All drill cores were photographed, prior to cutting and sampling the
                                                                                                                                           core.

                                                                                                                                           ·   The ground EM survey data identified several potential bedrock
                                                                                                                                           conductors.  These have been modelled by an expert geophysical Consultant
                                                                                                                                           Dave McInnes from Montana GIS in Maxwell, using the Leroi Algorithm, to
                                                                                                                                           delineate their conductance and location.
 Sub-sampling techniques and sample preparation           ·     If core, whether cut or sawn and whether quarter, half or all core         ·     Drill core samples were freighted by road to the laboratory. All
                                                          taken.                                                                           core is cut with a core saw, and half core sampled;

                                                          ·     If non-core, whether riffled, tube sampled, rotary split, etc and          ·     The samples are assayed at Intertek (Perth, WA).  Samples were
                                                          whether sampled wet or dry.                                                      dried at 105(o)C, and the bulk of the samples pulverised (using LM5) to

                                                                                produce a pulped product. Oversize primary samples were crushed and a 3kg
                                                          ·     For all sample types, the nature, quality and appropriateness of           subsample then milled with the LM5 mill.
                                                          the sample preparation technique.

                                                                                ·     Sub sampling is reduced to minimum by using total sample
                                                          ·     Quality control procedures adopted for all sub-sampling stages to          pulverization prior to sub sampling wherever possible;
                                                          maximise representivity of samples.

                                                                                ·     The sample sizes (2-3kg) are considered appropriate for the
                                                          ·     Measures taken to ensure that the sampling is representative of the        material being sampled;
                                                          in situ material collected, including for instance results for field

                                                          duplicate/second-half sampling.

                                                          ·     Whether sample sizes are appropriate to the grain size of the
                                                          material being sampled.
 Quality of assay data and laboratory tests               ·     The nature, quality and appropriateness of the assaying and                ·     The samples were assayed for Au by a 50gm fire assay and for a
                                                          laboratory procedures used and whether the technique is considered partial or    multi-element scan using 4 acid digest and MS and OES finish for pathfinder
                                                          total.                                                                           and lithogeochemical elements. The assays are considered total rather than

                                                                                partial;
                                                          ·     For geophysical tools, spectrometers, handheld XRF instruments,

                                                          etc, the parameters used in determining the analysis including instrument make   ·     Greatland QA/QC procedures include using reference samples and
                                                          and model, reading times, calibrations factors applied and their derivation,     field duplicate samples every 25 samples, in addition to the laboratories in-
                                                          etc.                                                                             house QA/QC methods;

                                                          ·     Nature of quality control procedures adopted (eg standards, blanks,        ·     Analysis of the quality control sample assay results indicates that
                                                          duplicates, external laboratory checks) and whether acceptable levels of         an acceptable level of accuracy and precision has been achieved and the
                                                          accuracy (ie lack of bias) and precision have been established.                  database contains no analytical data that has been numerically manipulated.

                                                                                                                                           ·     Historical drilling- no sampling reported
 Verification of sampling and assaying                    ·     The verification of significant intersections by either independent        ·     No significant assay intervals were reported.
                                                          or alternative company personnel.

                                                                                ·     No twinned holes have been completed;
                                                          ·     The use of twinned holes.

                                                                                ·     All data entry procedures, including original logging, sample depth
                                                          ·     Documentation of primary data, data entry procedures, data                 selection for sampling and recording of sample numbers are recorded digitally
                                                          verification, data storage (physical and electronic) protocols.                  in an electronic database.

                                                          ·     Discuss any adjustment to assay data.                                      ·     There are no adjustments to assay data, other than below detection
                                                                                                                                           samples are reported at negative one half the detection limit.
 Location of data points                                  ·     Accuracy and quality of surveys used to locate drill holes (collar         ·     Drill collar locations were surveyed using hand held GPS. RL's were
                                                          and down-hole surveys), trenches, mine workings and other locations used in      collected with the same GPS;
                                                          Mineral Resource estimation.

                                                                                ·     Drill rig alignment was attained using a hand held compass.
                                                          ·     Specification of the grid system used.

                                                                                ·     Downhole survey was collected every 30m in diamond drill core
                                                          ·     Quality and adequacy of topographic control.                               segments of the drill hole using a single shot Axis Mining Champ Gyro.

                                                                                                                                           ·     The topography is generally low relief to flat, elevation within
                                                                                                                                           the dune corridors in ranges between 250-265m AHD steepening to the southeast;

                                                                                                                                           ·     All collar coordinates are provided in the Geocentric Datum of
                                                                                                                                           Australian (GDA94 Zone 51). All relative depth information is reported in
                                                                                                                                           Australian Height Datum (AHD)
 Data spacing and distribution                            ·     Data spacing for reporting of Exploration Results.                         ·     Drill holes are individual exploration holes targeting specific

                                                                                targets, and are not part of a grid pattern;
                                                          ·     Whether the data spacing and distribution is sufficient to

                                                          establish the degree of geological and grade continuity appropriate for the      ·     Not applicable in early stage exploration;
                                                          Mineral Resource and Ore Reserve estimation procedure(s) and classifications

                                                          applied.                                                                         ·     No sample compositing has been applied;

                                                          ·     Whether sample compositing has been applied.
 Orientation of data in relation to geological structure  ·     Whether the orientation of sampling achieves unbiased sampling of          ·     Drilling is oriented at various angles to folded layering, and to
                                                          possible structures and the extent to which this is known, considering the       identified sulphide mineralized structures. The relationship to possible
                                                          deposit type.                                                                    mineralized structures is unknown at this stage.

                                                          ·     If the relationship between the drilling orientation and the
                                                          orientation of key mineralised structures is considered to have introduced a
                                                          sampling bias, this should be assessed and reported if material.
 Sample security                                          ·     The measures taken to ensure sample security.                              ·     The security of samples is controlled by tracking samples from
                                                                                                                                           drill rig to database;

                                                                                                                                           ·     Entire core samples are delivered by company personnel to a freight
                                                                                                                                           company in Port Hedland for delivery by road freight to the assay lab in
                                                                                                                                           Perth, where the core is cut and sampled.
 Audits or reviews                                        ·     The results of any audits or reviews of sampling techniques and            ·     No audits or reviews have been completed.
                                                          data.

 

 

Section 2 Reporting of Exploration Results

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

 Criteria                                                           JORC Code explanation                                                            Commentary
 Mineral tenement and land tenure status                            ·     Type, reference name/number, location and ownership including              ·     The Scallywag tenement E45/4701 is 100% owned by Greatland Pty Ltd.
                                                                    agreements or material issues with third parties such as joint ventures,

                                                                    partnerships, overriding royalties, native title interests, historical sites,    ·     The tenement is subject to a Land Access Agreement (LAA)  with
                                                                    wilderness or national park and environmental settings.                          Western Desert Lands Aboriginal Corporation;

                                                                    ·     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.
 Exploration done by other parties                                  ·     Acknowledgment and appraisal of exploration by other parties.              ·     Historical work comprised shallow drilling in the north end of the
                                                                                                                                                     Scallywag tenement (72 generally aircore holes, averaging 47.3m deep, 4 RAB
                                                                                                                                                     holes (average 68m) and 9 RC holes (average 96.3m) by companies including
                                                                                                                                                     Newcrest and Normandy Exploration Limited.

                                                                                                                                                     ·     Historical reports (WAMEX "A" numbers) are referenced in previous
                                                                                                                                                     RNS announcements 24(th) August 2021, 16(th) April 2021
 Geology                                                            ·     Deposit type, geological setting and style of mineralisation.              ·     Exploration is for intrusion related & orogenic, structurally
                                                                                                                                                     controlled Au-Cu deposits similar to Telfer, Havieron and Winu, all located in
                                                                                                                                                     Neo-Proterozoic Yeneena Group sediments of the Paterson Province, Western
                                                                                                                                                     Australia
 Drill hole Information                                             ·     A summary of all information material to the understanding of the          ·     Greatland drill hole collar details are listed in Appendix I- Table
                                                                    exploration results including a tabulation of the following information for      1 and anomalous results in Tables 2a, 2b and 3
                                                                    all Material drill holes:

                                                                    o  easting and northing of the drill hole collar

                                                                    o  elevation or RL (Reduced Level - elevation above sea level in metres) of
                                                                    the drill hole collar

                                                                    o  dip and azimuth of the hole

                                                                    o  down hole length and interception depth

                                                                    o  hole length.

                                                                    ·     If the exclusion of this information is justified on the basis that
                                                                    the information is not Material and this exclusion does not detract from the
                                                                    understanding of the report, the Competent Person should clearly explain why
                                                                    this is the case.
 Data aggregation methods                                           ·     In reporting Exploration Results, weighting averaging techniques,          ·     No economically significant results have been reported, and no data
                                                                    maximum and/or minimum grade truncations (eg cutting of high grades) and         aggregation methods have been applied.
                                                                    cut-off grades are usually Material and should be stated.

                                                                                ·     Where anomalous results are quoted (Appendix I) the samples have
                                                                    ·     Where aggregate intercepts incorporate short lengths of high grade         been selected as follows :
                                                                    results and longer lengths of low grade results, the procedure used for such

                                                                    aggregation should be stated and some typical examples of such aggregations      o  Au >0.1ppm; or
                                                                    should be shown in detail.

                                                                                o  Ag >2ppm; or
                                                                    ·     The assumptions used for any reporting of metal equivalent values

                                                                    should be clearly stated.                                                        o  Cu >500ppm; or

                                                                                                                                                     o  Bi >5ppm; or

                                                                                                                                                     o  Pb >200ppm; or

                                                                                                                                                     o  Zn >1000ppm

 Relationship between mineralis-ation widths and intercept lengths  ·     These relationships are particularly important in the reporting of         ·     No economically significant results are reported, and there is no
                                                                    Exploration Results.                                                             known relationship between reported widths and the geometry of any

                                                                                mineralization.
                                                                    ·     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').
 Diagrams                                                           ·     Appropriate maps and sections (with scales) and tabulations of             ·     Maps & a Section are provided. No significant discovery is
                                                                    intercepts should be included for any significant discovery being reported       reported.
                                                                    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 reporting is considered balanced
                                                                    practicable, representative reporting of both low and high grades and/or
                                                                    widths should be practiced to avoid misleading reporting of Exploration
                                                                    Results.
 Other substantive exploration data                                 ·     Other exploration data, if meaningful and material, should be              ·     No other substantive exploration data other than that provided.
                                                                    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.
 Further work                                                       ·     The nature and scale of planned further work (eg tests for lateral         ·     Further drilling of the ground EM targets including the Swan target
                                                                    extensions or depth extensions or large-scale step-out drilling).                is planned for 2022, along with soil sampling, geophysical follow up and

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

 

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