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REG - Oracle Power PLC - Further Assay Results from Northern Zone Project

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RNS Number : 7428F  Oracle Power PLC  23 April 2025

23 April 2025

Oracle Power PLC

("Oracle" or the "Company")

Further Assay Results from the Northern Zone Project

Highest grade intercept to date of 77.96 g/t Au intersected from the 1,805m
drill programme

 

Oracle Power PLC (AIM: ORCP), an international project developer, is pleased
to announce further assay results from aircore ("AC") drill holes of a 32 hole
1,805m programme recently completed at the Northern Zone Intrusive Hosted Gold
Project ("Northern Zone" or the "Project"), located 25km east of Kalgoorlie in
Western Australia (refer to Figure 1 for location). A further 414 samples from
11 drillholes are still to be assayed, with results expected in the near term.

 

Highlights:

o  Significant gold intercepts from drilling continue:

§ 10m @ 8.89 g/t Au from
46m
(NZAC127)

§ inc. 1m @ 77.96 g/t Au from 54m

§ 7m @ 3.14 g/t Au from
47m
                (NZAC124)

§ inc. 1m @ 18.35 g/t Au from 50m

§ 5m @ 1.26 g/t Au from
46m
                (NZAC132)

§ inc. 2m @ 2.74 g/t Au from 49m

§ 12m @ 0.80 g/t Au from
32m
(NZAC118)

§ 2m @ 11.97 g/t Au from
34m
(NZAC123)

§ 1m @ 6.98 g/t Au from
50m
                (NZAC133)

o  Majority of drillholes have intersected gold mineralisation, refer to
Table 1

o  414 samples are awaiting assay from a further 11 vertical drill holes

o  The results of recent drilling continue to validate and enlarge the
shallow gold mineralisation associated with the Northern Zone porphyry

o  The dynamic Leapfrog gold model for Northern Zone will be updated with
these latest results and will inform and guide future drill campaigns

o  Further follow-up drill planning is already underway

 

Naheed Memon, CEO of Oracle, commented:

"The Northern Zone keeps delivering great results, and everything is going to
plan as the mineralised footprint of the Project's high-grade gold zone
expands, within the large lower-grade porphyry host. Results continue to meet
and exceed expectations, with a new high-grade zone emerging on the eastern
margin of the Project. A further 11 drill holes are currently in the lab
awaiting assay. We look forward to updating shareholders regarding Northern
Zone Project as it progresses towards a maiden MRE and Mining Lease approval."

 

These AC programme results (Tables 1-3), continue to successfully intersect
the mineralised host porphyry over an increasing footprint and consistently
validate the broader gold mineralisation model. All drill holes on the eastern
extension intersected significant gold mineralisation, including the highest
gold grades drilled at the project to date (see Figure 2).  Drilling will
continue to further the Company's understanding of the Project before
proceeding with a Mineral Resource Estimate.

 

For further information on Oracle, please visit the Company's website at
http://www.oraclepower.co.uk (http://www.oraclepower.co.uk) or contact:

 

Oracle Power PLC

Naheed Memon -
CEO
+44 (0) 203 580 4314

 

Strand Hanson Limited (Nominated Adviser & Broker)

Rory Murphy, Matthew Chandler, Rob
Patrick
+44 (0) 20 7409 3494

 

St Brides Partners Limited (Financial PR)

Susie Geliher, Isabel de
Salis
+44 (0) 20 7236 1177

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of
the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

Competent Person's Statement

The information in this announcement that relates to exploration results,
exploration targets, mineral resources or ore reserves is based on information
compiled by Mr Edward Mead, who is a Fellow of the Australasian Institute of
Mining and Metallurgy. Mr Mead is a director of Riversgold Limited and a
consultant to the Company through Doraleda Pty Ltd. Mr Mead has sufficient
experience which is relevant to the style of mineralisation and type of
deposit under consideration and to the activity that he is undertaking to
qualify as a Competent Person as defined in the 2012 edition of the
`Australasian Code for Reporting Exploration Results, Mineral Resources and
Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this
information in the form and context in which it appears in this announcement.

Figure 1: Northern Zone Project Map showing proximity to the Kalgoorlie "Super
Pit"

 

Figure 2: Recent AC drill collar plan with gold grade contours from all
drilling results to date, and most recently reported significant drill
intercepts

Figure 3: Cross-section of 3D Leapfrog software model. The interpretation
illustrates gold grade shells, derived from all the significant intercepts
reported to the ASX to date. The model is constrained via a 25m buffer to all
the RGL/Oracle drill hole traces that have been drilled at Northern Zone since
2021. Refer to Figure 2 Drill collar plan for the location of the section
line.

 

 

APPENDIX 1: Drilling Information

 

Table 1: Northern Zone Significant Intercepts from all RC drill holes

 Hole ID    From (m)  To (m)  Width (m)  Au g/t  Intercept

 NZAC118    32        44      12         0.80    12m @ 0.80 g/t Au from 32m , NZAC118
 including  32        35      3          2.36    Including 3m @ 2.36 g/t Au from 32m , NZAC118
 NZAC119    35        39      4          0.93    4m @ 0.93 g/t Au from 35m , NZAC119
 including  38        39      1          1.52    Including 1m @ 1.52 g/t Au from 38m , NZAC119
 NZAC120    32        34      2          0.61    2m @ 0.61 g/t Au from 32m , NZAC120
 NZAC123    34        36      2          11.97   2m @ 11.97 g/t Au from 34m , NZAC123
 NZAC124    47        54      7          3.14    7m @ 3.14 g/t Au from 47m , NZAC124
 including  50        51      1          18.35   Including 1m @ 18.35 g/t Au from 50m , NZAC124
 NZAC125    47        52      5          0.62    5m @ 0.62 g/t Au from 47m , NZAC125
 including  51        52      1          1.77    Including 1m @ 1.77 g/t Au from 51m , NZAC125
 NZAC126    48        49      1          1.00    1m @ 1.0 g/t Au from 48m , NZAC126
 NZAC126    61        63      2          2.83    2m @ 2.83 g/t Au from 61m , NZAC126
 NZAC127    46        56      10         8.89    10m @ 8.89 g/t Au from 46m , NZAC127
 including  54        55      1          77.96   Including 1m @ 77.96 g/t Au from 54m , NZAC127
 NZAC128    48        52      4          0.93    4m @ 0.93 g/t Au from 48m , NZAC128
 including  48        49      1          1.50    1m @ 1.50 g/t Au from 48m , NZAC128
 including  51        52      1          2.12    1m @ 2.12 g/t Au from 51m , NZAC128
 NZAC129    70        73      3          0.52    3m @ 0.52 g/t Au from 70m (EOH) , NZAC129
 NZAC130    50        51      1          3.84    1m @ 3.84 g/t Au from 50m , NZAC130
 NZAC131    50        52      2          1.63    2m @ 1.63g/t Au from 50m , NZAC131
 NZAC132    32        33      1          1.77    1m @ 1.77 g/t Au from 32m , NZAC132
 NZAC132    46        51      5          1.26    5m @ 1.26 g/t Au from 46m , NZAC132
 including  49        51      2          2.74    2m @ 2.74 g/t Au from 49m , NZAC132
 NZAC133    50        51      1          6.98    1m @ 6.98 g/t Au from 50m , NZAC133
 NZAC134    47        50      3          1.65    3m @ 1.65 g/t Au from 47m , NZAC134

 

Table 2: Northern Zone Drill Collar Locations

 Hole id  Type  MGA_E     MGA_N      Elevation (m)  Total Depth (m)  Dip ((o))  AZM_MGA  Date
 NZAC114  AC    381648.4  6592699.2  356.82         51               0          -90      19/03/2025
 NZAC115  AC    381661.0  6592711.3  356.72         47               0          -90      19/03/2025
 NZAC116  AC    381660.1  6592687.5  356.74         54               0          -90      20/03/2025
 NZAC117  AC    381672.1  6592700.2  356.77         51               0          -90      21/03/2025
 NZAC118  AC    381598.5  6592674.9  356.84         58               0          -90      21/03/2025
 NZAC119  AC    381610.8  6592687.3  356.86         54               0          -90      22/03/2025
 NZAC120  AC    381623.6  6592699.3  356.88         53               0          -90      22/03/2025
 NZAC121  AC    381636.0  6592712.0  356.9          49               0          -90      22/03/2025
 NZAC122  AC    381648.0  6592724.3  356.94         48               0          -90      22/03/2025
 NZAC123  AC    381571.0  6592598.0  356.85         48               0          -90      23/03/2025
 NZAC124  AC    381895.1  6592566.7  356.84         64               0          -90      23/03/2025
 NZAC125  AC    381907.5  6592578.9  356.83         59               0          -90      23/03/2025
 NZAC126  AC    381919.6  6592591.2  356.84         64               0          -90      23/03/2025
 NZAC127  AC    381932.3  6592603.2  356.8          60               0          -90      24/03/2025
 NZAC128  AC    381944.1  6592615.7  356.74         68               0          -90      24/03/2025
 NZAC129  AC    381956.7  6592628.4  356.81         71               0          -90      24/03/2025
 NZAC130  AC    381969.0  6592641.0  356.79         60               0          -90      25/03/2025
 NZAC131  AC    381959.9  6592575.7  356.99         63               0          -90      25/03/2025
 NZAC132  AC    381972.0  6592588.0  306.93         65               0          -90      25/03/2025
 NZAC133  AC    381984.1  6592601.0  356.94         66               0          -90      25/03/2025
 NZAC134  AC    381996.8  6592613.2  357            63               0          -90      27/03/2025
 NZAC135  AC    381647.6  6592651.0  356.6          59               0          -90      27/03/2025
 NZAC136  AC    381659.9  6592663.4  356.65         60               0          -90      28/03/2025
 NZAC137  AC    381672.2  6592675.7  356.66         60               0          -90      28/03/2025
 NZAC138  AC    381684.6  6592688.0  356.7          64               0          -90      29/03/2025
 NZAC139  AC    381563.2  6592662.1  356.88         49               0          -90      29/03/2025
 NZAC140  AC    381575.0  6592673.5  356.9          57               0          -90      29/03/2025
 NZAC141  AC    381587.2  6592686.1  356.92         47               0          -90      30/03/2025
 NZAC142  AC    381599.5  6592698.4  356.95         48               0          -90      30/03/2025
 NZAC143  AC    381612.0  6592710.9  356.97         49               0          -90      31/03/2025
 NZAC144  AC    381624.2  6592723.4  357            49               0          -90      30/03/2025
 NZAC145  AC    381636.6  6592735.6  356.85         47               0          -90      30/03/2025

 

Table 3: Northern Zone assay results above 0.3 g/t Au

 Hole ID  Depth From  Depth To  Width  Au ppm
 NZAC116  51          52        1      0.46
 NZAC118  32          33        1      1.45
 NZAC118  33          34        1      2.47
 NZAC118  34          35        1      3.17
 NZAC118  35          36        1      0.44
 NZAC118  37          38        1      0.52
 NZAC118  41          42        1      0.68
 NZAC118  43          44        1      0.57
 NZAC118  55          56        1      0.31
 NZAC119  32          33        1      0.90
 NZAC119  35          36        1      0.79
 NZAC119  36          37        1      0.76
 NZAC119  37          38        1      0.63
 NZAC119  38          39        1      1.52
 NZAC120  32          33        1      0.47
 NZAC120  33          34        1      0.75
 NZAC121  29          30        1      0.35
 NZAC122  32          33        1      0.38
 NZAC122  37          38        1      0.31
 NZAC123  34          35        1      21.70
 NZAC123  35          36        1      2.23
 NZAC124  47          48        1      0.50
 NZAC124  49          50        1      1.46
 NZAC124  50          51        1      18.35
 NZAC124  51          52        1      0.87
 NZAC124  53          54        1      0.39
 NZAC124  61          62        1      0.38
 NZAC124  62          63        1      0.35
 NZAC124  63          64        1      0.34
 NZAC125  47          48        1      0.54
 NZAC125  48          49        1      0.55
 NZAC125  51          52        1      1.77
 NZAC126  48          49        1      1.00
 NZAC126  61          62        1      3.06
 NZAC126  62          63        1      2.60
 NZAC127  46          47        1      0.68
 NZAC127  47          48        1      0.79
 NZAC127  49          50        1      7.09
 NZAC127  51          52        1      0.86
 NZAC127  54          55        1      77.96
 NZAC127  55          56        1      1.25
 NZAC128  48          49        1      1.50
 NZAC128  51          52        1      2.12
 NZAC129  68          69        1      0.73
 NZAC129  70          71        1      0.57
 NZAC130  50          51        1      3.84
 NZAC131  47          48        1      0.41
 NZAC131  51          52        1      1.36
 NZAC131  59          60        1      0.68
 NZAC131  62          63        1      0.32
 NZAC132  32          33        1      0.36
 NZAC132  36          37        1      0.71
 NZAC132  46          47        1      0.72
 NZAC132  49          50        1      2.66
 NZAC132  50          51        1      2.81
 NZAC133  42          43        1      0.36
 NZAC133  50          51        1      6.98
 NZAC134  47          48        1      1.34
 NZAC134  48          49        1      0.32
 NZAC134  49          50        1      3.28

 

APPENDIX 2: JORC INFORMATION

 

The following Tables are provided to ensure compliance with the JORC Code
(2012 Edition) requirements for the reporting of Exploration Results at
Northern Zone.

Section 1: Sampling Techniques and Data

(Criteria in this section applies to all succeeding sections)

 

 Criteria                                                 JORC Code explanation                                                            Commentary
 Sampling techniques                                      Nature and quality of sampling (eg cut channels, random chips, or specific       Every metre drilled was placed on the ground.
                                                          specialised industry standard measurement tools appropriate to the minerals

                                                          under investigation, such as down hole gamma sondes, or handheld XRF             6m composites were collected using a scoop method of sampling the coarse
                                                          instruments, etc). These examples should not be taken as limiting the broad      reject sample for the first 24m.
                                                          meaning of sampling.

                                                                                1m sampling using a rifle splitter was trialed on the clays, from 24m, with
                                                          Include reference to measures taken to ensure sample representivity and the      sampling deemed to create a high degree risk of smearing. The clays are not
                                                          appropriate calibration of any measurement tools or systems used.                wet, but have a damp characteristic. A large metal scoop was used to sample

                                                                                between 70-90% of material from each metre drilled, to total between 2-3kg
                                                          Aspects of the determination of mineralisation that are Material to the Public   samples.
                                                          Report.

                                                                                Standard reference material, sample duplicates and blanks, were undertaken at
                                                          In cases where 'industry standard' work has been done this would be relatively   25m sample intervals.
                                                          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    Samples were sent to the laboratory for crushing, splitting and analysis.
                                                          cases, more explanation may be required, such as where there is coarse gold

                                                          that has inherent sampling problems. Unusual commodities or mineralisation       Analysis was undertaken by Jinnings laboratories (Kalgoorlie) for gold assay
                                                          types (eg submarine nodules) may warrant disclosure of detailed information.     by 50g fire assay.

 Drilling techniques                                      Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast,    Australian Aircore Drilling completed the program using a blade to refusal.
                                                          auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard

                                                          tube, depth of diamond tails, face-sampling bit or other type, whether core is
                                                          oriented and if so, by what method, etc).
 Drill sample recovery                                    Method of recording and assessing core and chip sample recoveries and results    Drill recovery was routinely recorded via estimation of the comparative
                                                          assessed.                                                                        percentage of the volume of the sample bag by the company geologist.

                                                          Measures taken to maximise sample recovery and ensure representative nature of   The sample recovery was deemed excellent for representative assays.
                                                          the samples.

                                                                                The cyclone was cleaned or checked every 6m.
                                                          Whether a relationship exists between sample recovery and grade and whether
                                                          sample bias may have occurred due to preferential loss/gain of fine/coarse
                                                          material.
 Logging                                                  Whether core and chip samples have been geologically and geotechnically logged   All holes have been geologically logged for lithology, mineralisation and
                                                          to a level of detail to support appropriate Mineral Resource estimation,         weathering. As well as whether dry, damp or wet.
                                                          mining studies and metallurgical studies.

                                                                                Logging is quantitative for presence of quartz veins. All other logging is
                                                          Whether logging is qualitative or quantitative in nature. Core (or costean,      qualitative.
                                                          channel, etc) photography.

                                                                                A brief description of each drilling sample was recorded and a permanent
                                                          The total length and percentage of the relevant intersections logged.            record has been collected and stored in chip trays for reference.
 Sub-sampling techniques and sample preparation           If core, whether cut or sawn and whether quarter, half or all core taken.        1m sampling using a rifle splitter was trialed on the clays, from 24m, with

                                                                                sampling deemed to create a high degree risk of smearing. The clays are not
                                                          If non-core, whether riffled, tube sampled, rotary split, etc and whether        wet, but have a damp characteristic. A large metal scoop was used to sample
                                                          sampled wet or dry.                                                              between 70-90% of material from each metre drilled, to total between 2-3kg

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

                                                          preparation technique.                                                           Standard reference material, sample duplicates and blanks, were undertaken at

                                                                                25m sample intervals.
                                                          Quality control procedures adopted for all sub-sampling stages to maximise

                                                          representivity of samples.                                                       Samples were sent to the laboratory for crushing, splitting and analysis.

                                                          Measures taken to ensure that the sampling is representative of the in-situ      The use of fire assay with 50g charge for all AC drilling provides a level of
                                                          material collected, including for instance results for field                     confidence in the assay database. The sampling and assaying are considered
                                                          duplicate/second-half sampling.                                                  representative of the in-situ material.

                                                          Whether sample sizes are appropriate to the grain size of the material being     The sample size of 2-3 kilograms is appropriate and representative of the
                                                          sampled.                                                                         grain size and mineralisation style of the deposit.

 Quality of assay data and laboratory tests               The nature, quality and appropriateness of the assaying and laboratory           Jinnings (Kalgoorlie) were used for all analysis of drill samples submitted by
                                                          procedures used and whether the technique is considered partial or total.        Riversgold. The laboratory techniques below are for all samples submitted to

                                                                                Jinnings and are considered appropriate for the style of mineralisation
                                                          For geophysical tools, spectrometers, handheld XRF instruments, etc, the         defined within the Northern Zone Project area:
                                                          parameters used in determining the analysis including instrument make and

                                                          model, reading times, calibrations factors applied and their derivation, etc.    Samples above 3Kg were riffle split.

                                                          Nature of quality control procedures adopted (eg standards, blanks,              Pulverise to 95% passing 75 microns
                                                          duplicates, external laboratory checks) and whether acceptable levels of

                                                          accuracy (ie lack of bias) and precision have been established.                  50-gram Fire Assay (FA50A) - Au Duplicates, Standards and Blanks were used for
                                                                                                                                           external laboratory checks by RGL
 Verification of sampling and assaying                    The verification of significant intersections by either independent or           Intercepts were reviewed by 2 company personnel.
                                                          alternative company personnel.

                                                          The use of twinned holes.

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

                                                          Discuss any adjustment to assay data.
 Location of data points                                  Accuracy and quality of surveys used to locate drill holes (collar and           The collar position of each hole has been marked out with a Garmin Inreach
                                                          down-hole surveys), trenches, mine workings and other locations used in          Explorer+ hand held GPS, and will be picked up by Spectrum Surveys
                                                          Mineral Resource estimation.                                                     (Kalgoorlie) using a DGPS.

                                                          Specification of the grid system used.

                                                          Quality and adequacy of topographic control.
 Data spacing and distribution                            Data spacing for reporting of Exploration Results.                               The holes were drilled on a nominal Northeast-Southwest 20m spacing on

                                                                                traverses 15-20m apart.
                                                          Whether the data spacing and distribution is sufficient to establish the
                                                          degree of geological and grade continuity appropriate for the Mineral Resource
                                                          and Ore Reserve estimation procedure(s) and classifications applied.

                                                          Whether sample compositing has been applied.
 Orientation of data in relation to geological structure  Whether the orientation of sampling achieves unbiased sampling of possible       Based on logging of diamond core the drill holes appear to be orientated
                                                          structures and the extent to which this is known, considering the deposit        perpendicular to strike and dip of the main mineralised structures.
                                                          type.

                                                                                An interpreted fault though the middle of the mineralisation may have caused
                                                          If the relationship between the drilling orientation and the orientation of      some displacement.
                                                          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.                                    Company personnel delivered samples to Jinnings Kalgoorlie where they were
                                                                                                                                           submitted for assay.
 Audits or reviews                                        The results of any audits or reviews of sampling techniques and data.            Data reviews will be conducted on completion of further drilling

 

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 agreements or      The Northern Zone Project is comprised of one granted prospecting licence
                                                                   material issues with third parties such as joint ventures, partnerships,         (P25/2651) which covers an area of 82 hectares, and is held in the name of
                                                                   overriding royalties, native title interests, historical sites, wilderness or    Oracle Gold (WA) Pty Ltd.
                                                                   national park and environmental settings.

                                                                                RGL have farmed into the Tenement and have exceeded minimum spend of $600,000
                                                                   The security of the tenure held at the time of reporting along with any known    in exploration expenditure on the tenement within two years, to achieve 80%
                                                                   impediments to obtaining a licence to operate in the area.                       ownership. RGL has notified Oracle of meeting the farmin. The JV documents are
                                                                                                                                                    to be formalised by December 2025. Oracle will be required to contribute
                                                                                                                                                    pro-rata or dilute.

 Exploration done by other parties                                 Acknowledgment and appraisal of exploration by other parties.                    The majority of previous exploration in the area was by Northern Mining during
                                                                                                                                                    2007 to 2012 under the Blair North project, multiple small resource areas were
                                                                                                                                                    identified at the George's Reward area to the south of P25/2651. Numerous gold
                                                                                                                                                    intersections were recorded
 Geology                                                           Deposit type, geological setting and style of mineralisation.                    The deposit sought is (Intrusion Related Gold System (IRGS) style of mineral
                                                                                                                                                    deposit.
 Drill hole Information                                            A summary of all information material to the understanding of the exploration    Refer to Tables and Figures within the body of the release.
                                                                   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
                                                                   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, maximum        Intersections are weighted average grades based on a 0.001 g/t Au cut-off with
                                                                   and/or minimum grade truncations (eg cutting of high grades) and cut-off         unlimited waste zones but with a targeted grade of 0.4-0.6g/t Au.
                                                                   grades are usually Material and should be stated.

                                                                   Where aggregate intercepts incorporate short lengths of high-grade results and
                                                                   longer lengths of low-grade results, the procedure used for such aggregation
                                                                   should be stated and some typical examples of such aggregations should be
                                                                   shown in detail.

                                                                   The assumptions used for any reporting of metal equivalent values should be
                                                                   clearly stated.
 Relationship between mineralisation widths and intercept lengths  These relationships are particularly important in the reporting of Exploration   The diamond drilling program in 2023 confirmed the apparent widths of
                                                                   Results.                                                                         mineralisation as being perpendicular to foliation and veining. We believe the

                                                                                step out RC drilling to be the same as the diamond drilling. The true width of
                                                                   If the geometry of the mineralisation with respect to the drill hole angle is    mineralisation is still to be fully ascertained.
                                                                   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 intercepts        See body of the announcement for relevant diagrams and photos.
                                                                   should be included for any significant discovery being reported These should
                                                                   include, but not be limited to a plan view of drill hole collar locations and
                                                                   appropriate sectional views.
 Balanced reporting                                                Where comprehensive reporting of all Exploration Results is not practicable,     The reporting of exploration results is considered balanced by the competent
                                                                   representative reporting of both low and high grades and/or widths should be     person.
                                                                   practiced to avoid misleading reporting of Exploration Results.
 Other substantive exploration data                                Other exploration data, if meaningful and material, should be reported           See body of the announcement.
                                                                   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 extensions    ·     Follow up phases of drilling to further test strike to be
                                                                   or depth extensions or large-scale step-out drilling).                           undertaken.

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

 

 

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