REG - GreenX Metals Ltd - Tannenberg Copper Project Expanded to 1,900km2
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RNS Number : 3976G GreenX Metals Limited 28 April 2025
NEWS RELEASE 28 April 2025
TANNENBERG COPPER PROJECT IN GERMANY EXPANDED TO 1,900km(2)
GreenX Metals Limited (ASX:GRX, LSE:GRX) (GreenX or Company) is pleased to
advise that it's Tannenberg Copper Project (Tannenberg or Project) has
expanded to 1,900km(2) from 272km(2) which includes a new region containing
additional historic drill intercepts. The expanded project is highly
prospective for sediment-hosted (Kupferschiefer type) copper deposits.
HIGHLIGHTS
· The Tannenberg exploration licence now covers 1,900 km(2), a
seven-fold increase from the original 272 km(2) project area
· Original Tannenberg exploration licence extended for a further
three years (Tannenberg 1)
· Second, large Tannenberg exploration licence awarded, which
covers 1,628km(2), and is valid for three years (Tannenberg 2). Tanneberg 2
can be extended for an additional 3 years under German law
Figure 1: Expanded Tannenberg Project Area
· The Tannenberg project is held through an earn-in agreement
whereby GreenX can earn a 90% interest
· In January 2025, Tannenberg was one of eight early-stage
exploration projects selected by BHP for the 2025 BHP Xplor program
· Funding from BHP Xplor is currently being used, in collaboration
with BHP, to accelerate the geological concept build-out and exploration
timeframe at Tannenberg including the newly expanded license area
· The Tannenberg area contains historically producing copper mines
and multiple historical drill intercepts, with excellent potential for new
discoveries of shallow (50 m to 500 m), large scale and high-grade copper and
silver mineralisation, with much of the new expanded licence area remaining
untested by modern exploration
· In addition to the historic drilling results announced in August
2024, Tannenberg 2 also contains excellent multiple drill intercepts
including: 0.69m at 3.1% Cu and 31.7ppm Ag from 378m; and 2.2m at 0.9% Cu and
23.1ppm Ag from 378m
GreenX CEO, Mr Ben Stoikovich, said "Following a comprehensive review of the
historical data, we identified that the expanded area had similar
Kupferschiefer style geology as seen at the Richelsdorf historic mining
district in the original Tanneberg 1 license area. Kupferschiefer style
sediment hosted copper deposits are widely acknowledged as one of the most
prolific sources of modern-day copper production globally. With the Tannenberg
Copper Project expanding to 1,900km(2), we now have an even larger scale,
relatively shallow and potential high-grade copper brownfields exploration
project that is strategically located in the heartland of German industry,
with copper being recognised as a strategic raw material by the European
Union."
Figure 2: Tannenberg is located in the industrial centre of Europe within the
Basal Zechstein trend (brown shading)
TANNENBERG COPPER PROJECT
Following the expansion of the Project from 272km(2) to 1,900km(2), the
Company is pleased to report new historical drill results in accordance with
the JORC Code (2012).
Table 1: Selected Drill Holes.
Locality Hole ID Intersect (m) Cu Ag
(%)
(ppm)
From To Interval
Ronshausen Ro23 365.48 367.58 2.10 2.7 2.7
Ro18 209.50 211.00 1.50 3.7 3.7
Ro19 339.50 342.00 2.50 1.7 1.7
Ro15 285.86 289.31 3.45 1.0 1.0
Ro20 377.53 378.22 0.69 3.1 31.7
Ro25 533.38 534.39 1.01 1.8 N/A
Ro17 481.51 482.42 0.80 1.5 11.6
Ro35 378.27 380.50 2.23 0.9 23.1
Ro38 536.25 538.00 1.75 0.7 15.7
Nentershausen Ro45 268.00 269.63 2.00 1.6 1.6
Bold equates to previously reported drill holes. Refer to ASX announcement
dated 2 August 2024. N/A equates to not assayed.
Figure 3: Historical mining around Richelsdorf District exploited
mineralisation near the surface. Historical drilling intercepted mineralised
Kupferschiefer down to 436 m. Much of the Kupferschiefer between 50 to 600 m
remains untested
Figure 4: The expanded licence area includes an addition 1,628km(2) of ground
which is underlain by the same prospective T1 Kupferschiefer sequence as seen
around the Richelsdorf historic mining district
In the south of the licence area near the town of Ronshausen, drill holes
intersected mineralised Kupferschiefer sequence at depths ranging from 211 to
368 m below the surface (e.g., Ro18 and Ro23). Near the town of Nentershausen
in the north, an isolated drill hole intersected 2 m at 1.6% Cu (Ro45).
Upcoming Work Programs
These new and previous reported drill results will be used as a basis for
future work programs at the Project, in collaboration with BHP, to aid drill
targeting by the combined interpretation of geophysical, geological and data
collation methods. The Tannenberg project is data-rich and the GreenX project
team are well advanced with the process of collation of data from historic
drilling and reporting. The Company expects the first collection of magnetic
data to begin within weeks; core relogging and gravity data collection will be
ongoing over the summer months.
Key features of the 2025 exploration program will include:
· Relogging, reassaying and scanning of archived core;
· Completion of an airborne magnetic and radiometric survey;
· Collection of additional ground gravity measurements;
· Reprocessing of archived geophysical data; and
· Collation of historic mining and production data.
As the Tannenberg 1 exploration licence has been renewed, GreenX can now elect
to exercise its option over the Project, pursuant to the earn-in agreement
(refer to ASX announcement dated 2 August 2024).
ENQUIRIES
Ben Stoikovich
Chief Executive Officer
+44 207 478 3900
-ENDS-
TENEMENT INFORMATION
Table 2: Tenement information.
Licence Name Commodities Area (km(2)) Issue Date Expiry Date
Tannenberg 1 (1)copper, silver 272 07.06.2022 06.06.2028
(2)antimony, arsenic, lead, gallium, germanium, gold, indium, cadmium, cobalt,
molybdenum, nickel, palladium, platinum, rhodium, selenium, thallium,
vanadium, bismuth, and zinc
Tannenberg 2 (1)copper, silver 1,628 22.04.2025 06.06.2028
(2)antimony, arsenic, lead, gallium, germanium, gold, indium, cadmium, cobalt,
molybdenum, nickel, palladium, platinum, rhodium, selenium, thallium,
vanadium, bismuth, and zinc
Notes
(1) Target commodities
(2) Commodities included in the exploration licence
Competent Persons Statement
Information in this announcement that relates to Exploration Results is based
on information compiled by Dr Matthew Jackson, a Competent Person who is a
Member of the Australian Institute of Mining and Metallurgy. Dr Jackson is
employed as Technical Director for GreenX Metals. Dr Jackson 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'. Dr
Jackson consents to the inclusion in this announcement of the matters based on
his information in the form and context in which it appears.
Forward Looking Statements
This release may include forward-looking statements, which may be identified
by words such as "expects", "anticipates", "believes", "projects", "plans",
and similar expressions. These forward-looking statements are based on
GreenX's expectations and beliefs concerning future events. Forward looking
statements are necessarily subject to risks, uncertainties and other factors,
many of which are outside the control of GreenX, which could cause actual
results to differ materially from such statements. There can be no assurance
that forward-looking statements will prove to be correct. GreenX makes no
undertaking to subsequently update or revise the forward-looking statements
made in this release, to reflect the circumstances or events after the date of
that release.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.
Appendix 1: Exploration Results and JORC Tables
Table 1: Historical drill hole information
Hole ID Easting Northing Elevation Dip (°) Depth (m) Assay available
(m MSL)
Blankenheim 4342597 5646510 306 90 485 No
Eschwege 2 4355595 5677239 238 90 167 No
Herlefeld 4342907 5662879 370 90 151 No
HKZ1001 4341821 5654654 241 90 1702 No
Kuechen 4348218 5675026 405 90 533 Yes
Moershausen 4333331 5666183 261 90 412 No
Obergude 4339370 5662062 305 90 200 No
Quentel 4336189 5676848 377 90 445 Yes
Ro11 4348498 5645650 266 90 n/a No
Ro14 4348476 5646141 265 90 0 No
Ro16 4348604 5646670 291 90 461 Yes
Ro17 4348767 5646242 305 90 551 Yes
Ro2 4350453 5648295 307 90 n/a No
Ro20 4349264 5646913 260 90 395 Yes
Ro22 4349147 5646497 277 90 460 Yes
Ro24 4344929 5646769 220 90 443 Yes
Ro25 4349554 5646656 331 90 553 Yes
Ro28 4350624 5645261 374 90 770 Yes
Ro29 4343660 5649423 215 90 459 Yes
Ro32 4342070 5644157 196 90 504 Yes
Ro35 4349084 5646179 294 90 399 Yes
Ro37 4345377 5647952 274 90 530 Yes
Ro38 4351640 5647472 249 90 559 Yes
Ro4 4350142 5647407 268 90 n/a No
Ro40 4339918 5652779 343 90 359 Yes
Ro43 4344247 5644770 219 90 492 Yes
Ro44 4338910 5653221 290 90 257 Yes
Ro48 4342284 5641681 279 90 563 No
Ro49 4342293 5654945 310 90 553 No
Ro7 4349567 5646404 356 90 n/a No
Ro9 4349394 5645477 376 90 n/a No
Rohrbach 4339609 5643832 227 90 558 Yes
Schemmern-1 4347035 5667145 299 90 118 No
TH_740081 4360947 5678119 209 90 115 No
VB Ro I 4350214 5646779 279 90 n/a No
Weidenhausen 4359061 5677516 178 90 31 No
Weisenborn-2 4348556 5639399 391 90 1750 No
Note: Coordinates are DHDN / 3-degree Gauss-Kruger zone 4.
Table 2: Historical drill hole assays
Hole Intersect (m) Cu Ag
ID (%) (ppm)
From To Interval
Kuechen 515.72 515.765 0.045 0.448 3
Ro16 403.16 403.21 0.05 0.341 7
Ro17 478.13 478.143 0.013 0.664 6
Ro17 481.385 481.465 0.08 0.333 3
Ro17 481.465 481.507 0.042 0.368 3
Ro17 481.507 481.563 0.056 2.734 9
Ro17 481.563 481.604 0.041 1.166 8
Ro17 481.604 481.658 0.054 1.641 11
Ro17 481.658 481.704 0.046 1.024 7
Ro17 481.704 481.754 0.05 0.976 7
Ro17 481.754 481.783 0.029 1 8
Ro17 481.783 481.797 0.014 2.093 9
Ro17 481.797 481.809 0.012 1.998 9
Ro17 481.809 481.819 0.01 1.713 8
Ro17 481.819 481.851 0.032 1.879 14
Ro17 481.851 481.871 0.02 1.808 9
Ro17 481.871 481.886 0.015 1.926 7
Ro17 481.886 481.934 0.048 1.736 8
Ro17 481.934 481.964 0.03 1.808 9
Ro17 481.964 481.974 0.01 1.784 7
Ro17 481.974 482 0.026 1.831 7
Ro17 482 482.025 0.025 2.14 9
Ro17 482.025 482.036 0.011 2.473 12
Ro17 482.036 482.05 0.014 2.52 5
Ro17 482.05 482.06 0.01 2.441 5
Ro17 482.06 482.066 0.006 2.069 14
Ro17 482.066 482.089 0.023 0.715 4
Ro17 482.089 482.101 0.012 0.361 4
Ro17 482.101 482.118 0.017 0.328 4
Ro17 482.118 482.132 0.014 0.715 16
Ro17 482.132 482.156 0.024 0.397 6
Ro17 482.254 482.259 0.005 0.641 11
Ro17 482.259 482.267 0.008 1.255 26
Ro17 482.267 482.279 0.012 1.096 21
Ro17 482.279 482.3 0.021 2.005 35
Ro17 482.3 482.311 0.011 1.891 24
Ro17 482.326 482.345 0.019 0.709 17
Ro17 482.345 482.358 0.013 1.164 26
Ro17 482.358 482.373 0.015 1.346 29
Ro17 482.373 482.383 0.01 1.096 24
Ro17 482.383 482.391 0.008 1.596 31
Ro17 482.391 482.402 0.011 0.891 19
Ro17 482.402 482.423 0.021 1.073 29
Ro17 482.423 482.507 0.084 0.618 16
Ro17 482.556 482.568 0.012 0.401 23
Ro20 377.53 378 0.47 4.1 39
Ro20 378 378.22 0.22 1.1 16
Ro22 436.26 436.76 0.5 0.67 10
Ro22 436.76 437.26 0.5 0.7 9
Ro22 437.26 437.76 0.5 0.59 8
Ro22 437.76 438.26 0.5 1 7
Ro22 438.26 438.76 0.5 0.37 -2
Ro22 438.76 438.9 0.14 10.5 160
Ro22 438.9 438.95 0.05 4.1 58
Ro22 438.95 439.1 0.15 1.5 20
Ro22 439.1 439.4 0.3 0.54 6
Ro25 533.38 533.89 0.51 2.9 -
Ro25 533.89 534.39 0.5 0.65 -
Ro32 486.86 487.06 0.2 0.65 -2
Ro35 378.27 378.55 0.28 2.2 44
Ro35 378.55 379 0.45 1.3 34
Ro35 379 379.5 0.5 0.34 10
Ro35 379.5 380 0.5 0.77 20
Ro35 380 380.5 0.5 0.59 18
Ro38 536.25 536.66 0.41 0.93 17
Ro38 536.66 537 0.34 1.3 28
Ro38 537 537.5 0.5 0.4 10
Ro38 537.5 538 0.5 0.37 12
Rohrbach 522.905 523 0.095 1.53 8
Rohrbach 524 524.19 0.19 0.709 4
Note: Only assay results equal to or greater than 0.3% copper are reported.
JORC Code, 2012 Edition - Table 1 Report
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 specific Due to the historic nature of the drilling results reported herein, it is not
specialised industry standard measurement tools appropriate to the minerals possible to comment on the quality of the sampling used to produce the results
under investigation, such as down hole gamma sondes, or handheld XRF described. It is known from historic reports that the drill core was sawn.
instruments, etc). These examples should not be taken as limiting the broad Sampling of ¼ core was conducted during multiple exploration phases between
meaning of sampling. 1980 and 1987 within the licence area by St Joes Exploration GmbH ("St Joes
Exploration"). The information shown here was collated from scans of hard copy
reports from that era and a State Survey Database. Assays, geological logging
and gamma ray logs were conducted by St Joes Exploration.
Include reference to measures taken to ensure sample representivity and the No QAQC was reported.
appropriate calibration of any measurement tools or systems used.
Aspects of the determination of mineralisation that are Material to the Public Work was not conducted to modern industry standards.
Report. In cases where 'industry standard' work has been done this would be
relatively simple (eg 'reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for fire
assay'). In other cases more explanation may be required, such as where there
is coarse gold that has inherent sampling problems. Unusual commodities or
mineralisation types (eg submarine nodules) may warrant disclosure of detailed
information.
Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, St Joes Exploration
auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard
tube, depth of diamond tails, face-sampling bit or other type, whether core is · 10 cm drill cores were collected, further specifications
oriented and if so, by what method, etc). are not known.
State Survey Database
· Unknown drilling techniques.
Drill sample recovery Method of recording and assessing core and chip sample recoveries and results Due to the historic nature of the drilling results reported herein, it is not
assessed. possible to comment on the recoveries achieved at the time.
Measures taken to maximise sample recovery and ensure representative nature of Not reported.
the samples.
Whether a relationship exists between sample recovery and grade and whether Not reported.
sample bias may have occurred due to preferential loss/gain of fine/coarse
material.
Logging Whether core and chip samples have been geologically and geotechnically logged Information available is not appropriate for a Mineral Resource estimate.
to a level of detail to support appropriate Mineral Resource estimation,
mining studies and metallurgical studies.
Whether logging is qualitative or quantitative in nature. Core (or costean, Available logs are qualitative only.
channel, etc) photography.
The total length and percentage of the relevant intersections logged. The entire hole was logged, the target zone is typically 2 m thick.
Sub-sampling techniques If core, whether cut or sawn and whether quarter, half or all core taken. A reference to ¼ core is reported by St Joes Exploration however this is not
specific to every hole/phase.
and sample preparation If non-core, whether riffled, tube sampled, rotary split, etc and whether N/A
sampled wet or dry.
For all sample types, the nature, quality and appropriateness of the sample N/A
preparation technique.
Quality control procedures adopted for all sub-sampling stages to maximise N/A
representivity of samples.
Measures taken to ensure that the sampling is representative of the in situ N/A
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 N/A
sampled.
Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory A St Joes Exploration reference reports that geochemical analysis was carried
procedures used and whether the technique is considered partial or total. out by Robertson Research Ltd, Wales, however it is not specified if this was
for each hole/phase.
For geophysical tools, spectrometers, handheld XRF instruments, etc, the N/A
parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc.
Nature of quality control procedures adopted (eg standards, blanks, N/A
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (ie lack of bias) and precision have been established.
Verification of sampling and assaying The verification of significant intersections by either independent or No verification carried out.
alternative company personnel.
The use of twinned holes. No twinned holes.
Documentation of primary data, data entry procedures, data verification, data Limited data is available via hard copy reports. Data was digitised by Group
storage (physical and electronic) protocols. 11 Exploration and merged with State/Federal databases.
Discuss any adjustment to assay data. N/A
Location of data points Accuracy and quality of surveys used to locate drill holes (collar and Location accuracy is unknown. The location of holes drilled by St Joes
down-hole surveys), trenches, mine workings and other locations used in Exploration comes from collar tables in historical reports. All other collar
Mineral Resource estimation. locations come from State/Federal databases.
Specification of the grid system used. Latitude and Longitude in degree, minutes and seconds were provided by St Joes
Exploration. All drill collar coordinates are reported here in the DHDN /
3-degree Gauss-Kruger zone 4 grid system.
Quality and adequacy of topographic control. N/A
Data spacing and distribution Data spacing for reporting of Exploration Results. Drillholes within the Ronshausen mineralised area are spaced between 400 -
700m. Outside of this area the drilling is sparce.
Whether the data spacing and distribution is sufficient to establish the Not sufficient for the establishment of a JORC compliant resource.
degree of geological and grade continuity appropriate for the Mineral Resource
and Ore Reserve estimation procedure(s) and classifications applied.
Whether sample compositing has been applied. N/A
Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible The target Kupferschiefer layer is flat to slightly dipping, vertical drilling
structures and the extent to which this is known, considering the deposit therefore intercepts at right angles and is appropriate.
type.
If the relationship between the drilling orientation and the orientation of No sampling bias.
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. N/A
Audits or reviews The results of any audits or reviews of sampling techniques and data. N/A
Section 2 Reporting of Exploration Results
(Criteria 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 agreements or The Tannenberg 1 exploration licence is held 100% by Group 11 Exploration
material issues with third parties such as joint ventures, partnerships, GmbH. The licence was originally granted on 7 June 2022 for three years and
overriding royalties, native title interests, historical sites, wilderness or has now been extended for a further three years to 6 June 2028. The licence is
national park and environmental settings. free from overriding royalties and native titles interests. There are
historical mine workings within the licence area, but no known historical
sites of cultural significance outside of mining.
The Tannenberg 2 exploration licence is held 100% by Group 11 Exploration
GmbH. The licence was granted effective 22 April 2025 and is valid for three
years.
Within and surrounding both licence areas, there are environmental protections
zones with differing levels of protections. There are small areas identified
as Natura 2000 Fauna Flora Habitat Areas and Bird Sanctuaries. Other
environmental protection designated areas include Nature Reserves, National
Natural Monuments, Landscape Protection Area, and Natural Parks. Based on due
diligence and discussions with various stakeholders and consultants, the
presence of environmental protection areas does not preclude exploration or
eventual mining if conducted in accordance with applicable standards and
regulations.
The landform across the license area comprises mostly of farmland, forested
areas, and small towns and villages.
The security of the tenure held at the time of reporting along with any known The licences are in good standing.
impediments to obtaining a licence to operate in the area.
Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. Exploration was carried out by St Joes Exploration (in JV with the Broken Hill
Pty Co Ltd later BHP-Utah) between 1980 and 1987. Two projects were
undertaken. The Richelsdorf project within the licence area as well as the
Spessart-Rhoen project 85 km to the south. Hole IDs starting with 'Ro' were
drilled by St Joes Exploration.
All other drill holes come from State Survey databases with unknown history.
Historical mining took place within the licence area. Mining activities ceased
in the 1950's. Comprehensive records of all mine workings are not available to
the Company (and may not exist).
Geology Deposit type, geological setting and style of mineralisation. Mineralisation is of the classic Kupferschiefer type (copper slate) within the
Permian Zechstein Basin of Germany and Poland.
The Zechstein Basin is hosted within the Southern Permian Basin ("SPB") of
Europe. The SPB is an intracontinental basin that developed on the northern
foreland of the Variscan Orogen.
Very high-grade copper mineralisation is generally associated with the
Kupferschiefer shale unit. However, minable copper mineralisation also occurs
in the footwall sandstone and hanging wall limestone units in Poland.
Mineralisation can be offset from the shale by up to 30 m above and 60 m
below.
Drill hole Information A summary of all information material to the understanding of the exploration Appendix 1 above contains all relevant drillhole information.
results including a tabulation of the following information for all Material
drill holes:
easting and northing of the drill hole collar
elevation or RL (Reduced Level - elevation above sea level in metres) of the
drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length.
If the exclusion of this information is justified on the basis that the All available drill collars are provided. The availability of historical assay
information is not Material and this exclusion does not detract from the results are listed in Appendix 1 Table 1. Assay results less than 0.3% Cu
understanding of the report, the Competent Person should clearly explain why are not reported.
this is the case.
Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum N/A
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 N/A
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 N/A
clearly stated.
Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration Drilling is perpendicular to mineralisation. Detailed sampling was done to
Results. If the geometry of the mineralisation with respect to the drill hole lithological contacts on a range of scales from 1-50cm.
angle is known, its nature should be reported.
If it is not known and only the down hole lengths are reported, there should Intercepts are true width.
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 intercepts Appropriate diagrams, including a maps, cross sections, and tables are
should be included for any significant discovery being reported These should included in the main body of this announcement.
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 practicable, All available results are reported. Only assays above or equal to 0.3% Cu are
representative reporting of both low and high grades and/or widths should be reported for practical reasons.
practiced to avoid misleading reporting of Exploration Results.
Other substantive exploration data Other exploration data, if meaningful and material, should be reported All substantive results are reported. Geological logs and downhole gamma logs
including (but not limited to): geological observations; geophysical survey are not reported here.
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 extensions Reloggging and reassaying of archived drill core will be carried out in order
or depth extensions or large-scale step-out drilling). to support drill targeting. The search for additional archive material and
historical records will continue. Desktop analysis and drill targeting will be
conducted in consultation with subject-matter experts. Geophysical methods
(such as seismic, magnetic, electrical, and gravity) will be evaluated and
used if deemed appropriate for the project.
Diagrams clearly highlighting the areas of possible extensions, including the These diagrams are included in the main body of this release.
main geological interpretations and future drilling areas, provided this
information is not commercially sensitive.
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