TIDMCRCL

RNS Number : 4723C

Corcel PLC

13 June 2023

Corcel PLC

("Corcel" or the "Company")

Encouraging Initial Mt. Weld Drilling Results

13 June 2023

Corcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas company, with interests across battery metals mining and oil and gas is delighted to announce the initial drilling results from the Company's Mt. Weld rare earth elements joint venture with Riversgold Limited (ASX: "RGL"), located 1.5km west/north-west of Lynas Rare Earth Element's Mt. Weld rare earth oxide mine, near Laverton, Western Australia.

Highlights:

o Initial composite RC drill samples assay up to 2,200ppm TREO

o 52% of the planned initial 2,000m RC programme completed to date

o Drilling program is on tenement P34/4489 - immediately to the west of Lynas' globally significant Mt Weld rare earth oxide mine

Corcel Chief Executive Officer, Scott Kaintz commented: "Elevated initial results out of Mt. Weld reinforce our fundamental view of the exciting mineral and commercial prospectivity of the project, located, as it is, adjacent to one of the world's largest REE operations, outside of China. We look forward to additional results firming up the potential for a mineral resource estimate in due course."

Drill Results:

The Company's JV partner, Riversgold, has drilled 5 holes to date totalling 1,036m of an initial seven-hole (2,000m) reverse circulation ("RC") drilling program on the joint venture tenement P34/4489. The program was designed to test several magnetic features confirmed through both airborne and ground magnetic surveying [1] .

The interesting elevated rare earth element ("REE)" results from four composite samples are shown in Tables 1 and 3, with locations in Table 2. The results from all 1m samples from the drill holes will be submitted for assaying shortly.

Table 1 : Mt Weld - Material Intersection Elevated TREO Assay Results

 
 Composite         Drill Hole    From   To m   TREO(1) ppm   TREO(1) 
  Sample Number                   m                           % 
 MTW001            MWRC002       196    200    1,600         0.160% 
                  ------------  -----  -----  ------------  -------- 
 MTW002            MWRC002       162    166    1,900         0.190% 
                  ------------  -----  -----  ------------  -------- 
 MTW003            MWRC003       116    120    2,200         0.220% 
                  ------------  -----  -----  ------------  -------- 
 MTW004            MWRC003       106    110    1,600         0.160% 
                  ------------  -----  -----  ------------  -------- 
 

Notes:

   1.     TREO are detailed in Appendix A, Section 1, " Verification of sampling and assaying" 

The Mt Weld Project straddles the access road to Lynas' Mt Weld mine (see Figure 2). The tenement is predominantly covered by recent transported sediments obscuring the underlying geology, with four discrete undrilled magnetic features (T1-T4) (see Figures 1-3).

Figure 1 : Drill Hole Locations completed to date at Mt Weld (P34/4489)

Hole one was abandoned due to difficult ground conditions at 84m. All four remaining holes intersected the geophysical targets as modelled. The magnetic high was deemed to be highly magnetic, black mafic volcanics which were intersected at a width of 10 to 20m from 190 to 210m downhole.

To ascertain if REEs were indeed present, the Company prepared four composite 4 metre samples from holes 2 to 4 which had intersected highly magnetic, black mafic volcanics. These samples were dispatched to the assay lab for rush analysis prior to completing the drill program.

Figure 2 : Cross section for drillhole MWRC002, showing drill hole trace and modelled geophysics target

Figure 3 : Long Section Showing 5 drill holes relative to the interpreted geophysics targets

The drilling in holes 4 to 5 was successful in intersecting the targeted interpreted magnetics, representing targets T2 and T3 in the announcement dated 2 May 2023 and detailed in Figure 2. T1 was not drilled due to temporary flooding of the small creek where the target drill hole was located. On further assessment of the ground geophysics interpretation, T4 was downgraded to a be a secondary priority, although it is located closer to the operating Mt Weld Mine Site.

In hole 5, which was drilled after the rush assay was despatched, but before the assay results were received, the drilling also intersected medium grained, pink intermediate porphyry interpreted as syenite. Syenite is the host rock at the neighbouring Wallaby Gold deposit currently being mined by Anglo American Gold.

Figure 4 : Location of the Mt Weld programme relative to Mt Weld REE Project and Anglo Gold's Granny Smith / Wallaby Project

About the Mt. Weld Joint Venture:

The Mt. Weld Joint Venture is currently being operated by Riversgold Ltd, Corcel's farm-in and joint venture partner, who through the expenditure of AUD 500,000 can earn a 50% stake in the project, as originally announced on 4 January 2023. Currently, Corcel retains an 80% interest in the project, having previously sold a 20% interest as announced on 5 May 2023.

Future Operations:

A further detailed analysis of the anomalous REE assays and minerology is currently underway, and the operator is expected to make further decisions once these assessments have been completed and additional announcements will be made as required.

For further information, please contact:

Scott Kaintz Corcel Plc CEO

Development@corcelplc.com

   James Joyce / James Bavister /Andrew de Andrade                 WH Ireland Ltd NOMAD & Broker 

0207 220 1666

Patrick d'Ancona Vigo Communications IR

0207 3900 230

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Competent Person/Qualified Person Statement:

The information in this document that relates to exploration is based on information compiled or reviewed by Edward Mead, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Mead is a Director of Riversgold Ltd. Mr Mead has sufficient experience that is relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person (Qualified Person) as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Mead consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Table 2: Drill hole information

 
 Hole_ID    Hole_Type    Azimuth    Dip     Max_Depth   Nat_East   Nat_North   Nat_RL 
 MWRC001        RC       353.44    -60.00      84        451702     6808730     423 
           -----------  --------  -------  ----------  ---------  ----------  ------- 
 MWRC002        RC        351.3    -59.86      246       451746     6808679     423 
           -----------  --------  -------  ----------  ---------  ----------  ------- 
 MWRC003        RC       355.17    -60.08      252       451814     6808680     423 
           -----------  --------  -------  ----------  ---------  ----------  ------- 
 MWRC004        RC       355.35    -62.63      250       451867     6808675     423 
           -----------  --------  -------  ----------  ---------  ----------  ------- 
 MWRC005        RC       353.96    -60.64      204       452125     6808705     423 
           -----------  --------  -------  ----------  ---------  ----------  ------- 
 

Table 3: ALS Reported assay results for the four composite samples. Only relevant REEs reported.

 
  Method    ME-XRF30   ME-XRF30   ME-XRF30   ME-XRF30   ME-XRF30   ME-XRF30   ME-XRF30   ME-XRF30   ME-XRF30   ME-MS61   ME-MS61   ME-MS61   ME-MS61   ME-MS61 
 Analyte      CeO2      Dy2O3      Er2O3      Gd2O3      La2O3      Nd2O3      Pr6O11     Sm2O3        Y         Ce        Hf        La        Nb         Y 
           ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  --------  --------  --------  --------  -------- 
               %          %          %          %          %          %          %          %          %         ppm       ppm       ppm       ppm       ppm 
           ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  --------  --------  --------  --------  -------- 
                                                                                                                                                                 TREO 
              0.01       0.01       0.01       0.01       0.01        )         0.01       0.01       0.01      0.01       0.1       0.5       0.1       0.1      ppm 
           ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  --------  --------  --------  --------  -------- 
  MTW001      0.05       0.01       0.02       0.01       0.03       0.02       0.01      <0.01       0.01       359      10.6       194      152.5     32.6     1,600 
           ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  --------  --------  --------  --------  --------  ------ 
  MTW002      0.07       0.01       0.01       0.01       0.04       0.03       0.01      <0.01       0.01       482      11.2       239       142      39.8     1,900 
           ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  --------  --------  --------  --------  --------  ------ 
  MTW003      0.08       0.01       0.02       0.01       0.04       0.03       0.01       0.01       0.01       503       7.5       281       162      32.5     2,200 
           ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  --------  --------  --------  --------  --------  ------ 
  MTW004      0.05       0.01       0.01       0.01       0.03       0.02       0.01       0.01       0.01       354      10.4       180       180      44.6     1,600 
           ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  ---------  --------  --------  --------  --------  --------  ------ 
 

TREO = Lanthanide Oxides + Yitrrium oxides + Scandium Oxides

Appendix : Table 1 JORC Tables

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,                     *    Fine to -25mm rock fragments are obtained using 
                      random chips, or specific specialised industry                            Reverse Circulation drilling methods. 
                      standard measurement tools appropriate to the 
                      minerals under investigation, such as down hole gamma 
                      sondes, or handheld XRF instruments, etc). These                     *    Every metre drilled was sampled at the drill rig 
                      examples should not be taken as limiting the broad                        using a rig mounted static cone splitter to collect 2 
                      meaning of sampling.                                                      - 3kg sub samples. 
 
 
                 *    Include reference to measures taken to ensure sample                 *    Four standard samples, two duplicates and two blanks 
                      representivity and the appropriate calibration of any                     are inserted with every 100 samples submitted for 
                      measurement tools or systems used.                                        analysis . 
 
 
                 *    Aspects of the determination of mineralisation that                  *    A total of 4 composite samples were submitted to ALS 
                      are Material to the Public Report.                                        laboratory. 
 
 
                 *    In cases where 'industry standard' work has been done                *    Four composite samples were taken using the spear 
                      this would be relatively simple (eg 'reverse                              sampling method, over 5m intervals per sample, to 
                      circulation drilling was used to obtain 1 m samples                       generate the four composites. Two composite samples 
                      from which 3 kg was pulverised to produce a 30 g                          were taken from drill hole MWRC002 and two composite 
                      charge for fire assay'). In other cases more                              samples from MWRC003. 
                      explanation may be required, such as where there is 
                      coarse gold that has inherent sampling problems. 
                      Unusual commodities or mineralisation types (eg                      *    Collected samples were chosen using geological 
                      submarine nodules) may warrant disclosure of detailed                     observation and represent logged magnetic basalt with 
                      information.                                                              magnetite/ titano-magnetite. 
               ============================================================  ========================================================================= 
 Drilling 
  techniques      *    Drill type (eg core, reverse circulation, open-hole      *    Reverse circulation drilling with 1m sample interval. 
                       hammer, rotary air blast, auger, Bangka, sonic, etc) 
                       and details (eg core diameter, triple or standard 
                       tube, depth of diamond tails, face-sampling bit or 
                       other type, whether core is oriented and if so, by 
                       what method, etc). 
               ============================================================  ========================================================================= 
 Drill sample 
  recovery       *    Method of recording and assessing core and chip           *    Samples consisted of RC chips collected using an 
                      sample recoveries and results assessed.                        inverted 1m cone to sample the cyclone underflow . 
 
 
                 *    Measures taken to maximise sample recovery and ensure     *    Cyclone was "air flushed" at the end of each sample 
                      representative nature of the samples.                          and cleaned every 6m to avoid contamination. 
 
 
                 *    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        *    Collected chips were logged for geology, alteration, 
                       and geotechnically logged to a level of detail to                relative abundance of mineral species and 
                       support appropriate Mineral Resource estimation,                 mineralisation. 
                       mining studies and metallurgical studies. 
 
                                                                                   *    This logging is qualitative in nature. 
                  *    Whether logging is qualitative or quantitative in 
                       nature. Core (or costean, channel, etc) photography. 
 
 
                  *    The total length and percentage of the relevant 
                       intersections logged. 
               ============================================================  ========================================================================= 
 Sub-sampling 
  techniques      *    If core, whether cut or sawn and whether quarter,                   *    Samples collected weighed approximately 2kg. 
  and sample           half or all core taken. 
  preparation 
                                                                                           *    Sample conditions were recorded by field crew during 
                  *    If non-core, whether riffled, tube sampled, rotary                       collection. 
                       split, etc and whether sampled wet or dry. 
 
                                                                                           *    At the laboratory, samples were dried at 105 degrees 
                  *    For all sample types, the nature, quality and                            Celsius before being pulverized using a Tungsten 
                       appropriateness of the sample preparation technique.                     Carbide bowl to avoid contamination. 
 
 
                  *    Quality control procedures adopted for all                          *    Pulverized samples were then split and a sub-sample 
                       sub-sampling stages to maximise representivity of                        used for ICP analysis. 
                       samples. 
 
 
                  *    Measures taken to ensure that the sampling is 
                       representative of the 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       *    The nature, quality and appropriateness of the                       *    Samples were submitted to ALS laboratory for analysis 
  data and            assaying and laboratory procedures used and whether                       by Lithium borate fusion XRF and a 4-acid digest with 
  laboratory          the technique is considered partial or total.                             MS/ICP finish for a 48 element suite. 
  tests 
 
                 *    For geophysical tools, spectrometers, handheld XRF                   *    The methods utilized are appropriate and typical for 
                      instruments, etc, the parameters used in determining                      the industry for Rare Earth and other tested 
                      the analysis including instrument make and model,                         elements. 
                      reading times, calibrations factors applied and their 
                      derivation, etc. 
 
 
                 *    Nature of quality control procedures adopted (eg 
                      standards, blanks, duplicates, external laboratory 
                      checks) and whether acceptable levels of accuracy (ie 
                      lack of bias) and precision have been established. 
               ============================================================  ========================================================================= 
 Verification 
 of sampling     *    The verification of significant intersections by                       *    Results have been verified by company personnel. 
 and assaying         either independent or alternative company personnel. 
 
                                                                                             *    The REE assay data were converted from reported 
                 *    The use of twinned holes.                                                   elemental assays to the equivalent oxide compound as 
                                                                                                  applicable to rare earth oxides. The oxides were 
                                                                                                  calculated from the element according to the 
                 *    Documentation of primary data, data entry procedures,                       following factors: 
                      data verification, data storage (physical and 
                      electronic) protocols. 
                                                                                             *    CeO2 1.1526 
 
                 *    Discuss any adjustment to assay data. 
                                                                                             *    La2O3 1.1728 
 
 
                                                                                             *    Nd2O3 1.1664 
 
 
                                                                                             *    Pr6O11 1.2082 
 
 
                                                                                             *    Ho2O3 1.1455 
 
 
                                                                                             *    Lu2O3 1.1371 
 
 
                                                                                             *    Sm2O3 1.1596 
 
 
                                                                                             *    Tb2O3 1.1762 
 
 
                                                                                             *    Tm2O3 1.1421 
 
 
                                                                                             *    Y2O3 1.2699 
 
 
                                                                                             *    Yb2O3 1.1387 
 
 
                                                                                             *    Dy2O3 1.1477 
 
 
                                                                                             *    Er2O3 1.1435 
 
 
                                                                                             *    Eu2O3 1.1579 
 
 
                                                                                             *    Gd2O3 1.1526 
               ============================================================  ========================================================================= 
 Location 
 of data         *    Accuracy and quality of surveys used to locate drill         *    The coordinate system used by the company is MGA zone 
 points               holes (collar and down-hole surveys), trenches, mine              50 reference grid with geodetic datum GDA94. 
                      workings and other locations used in Mineral Resource 
                      estimation. 
                                                                                   *    Drillholes were located using a handheld GPS received 
                                                                                        with a typical horizontal accuracy of +/-4m. 
                 *    Specification of the grid system used. 
 
 
                 *    Quality and adequacy of topographic control. 
               ============================================================  ========================================================================= 
 Data spacing 
 and             *    Data spacing for reporting of Exploration Results.        *    Drillholes locations reported in this release do not 
 distribution                                                                        have a regular spacing. 
 
                 *    Whether the data spacing, and distribution is 
                      sufficient to establish the degree of geological and      *    The purpose of this drilling was regional exploration, 
                      grade continuity appropriate for the Mineral Resource          and the reported results are not anticipated to be 
                      and Ore Reserve estimation procedure(s) and                    part of a resource estimate at this point. 
                      classifications applied. 
 
                                                                                *    Compositing to 5m sample length was undertaken over 
                 *    Whether sample compositing has been applied.                   areas where magnetite in basalt was visually 
                                                                                     identified in the logging 
               ============================================================  ========================================================================= 
 Orientation 
 of data in      *    Whether the orientation of sampling achieves unbiased     *    Drilling Azimuth was oriented perpendicular to the 
 relation             sampling of possible structures and the extent to              main strike of the magnetic anomaly that may have the 
 to                   which this is known, considering the deposit type.             potential to be spatially correlated with REE 
 geological                                                                          mineralisation. 
 structure 
                 *    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.            *    Samples are collected in calico bags across a defined 
                                                                                     arc on the edge of the cone located under the 
                                                                                     cyclone. The calico bag features sample number and 
                                                                                     down hole interval data pre-written on it. Bags sent 
                                                                                     for analysis are collected by field technicians and 
                                                                                     placed in pre-numbered sample bag. Sample depth and 
                                                                                     number are recorded by field technician and compared 
                                                                                     with the geologist's spreadsheet to assure accuracy 
                                                                                     of data. Samples collected are placed within 
                                                                                     bio-degradable plastic bags, which in turn are 
                                                                                     delivered to the laboratory with detailed sample 
                                                                                     submission documentation. 
 
 
                                                                                *    Laboratory assay samples feature a sample ID on the 
                                                                                     calico bag as reference. 
 
 
                                                                                *    After assaying, sample pulps are placed in paper bags 
                                                                                     and stored for Riversgold to collect. 
 
 
                                                                                *    All steps are supervised by a Riversgold geologist. 
               ============================================================  ========================================================================= 
 Audits or 
  reviews         *    The results of any audits or reviews of sampling         *    No external audits or reviews of the sampling 
                       techniques and data.                                          techniques and data has been conducted. 
               ============================================================  ========================================================================= 
 

Section 2 Reporting of Exploration Results

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

 
 Criteria         JORC Code explanation                                            Commentary 
===============  ===============================================================  ============================================================== 
 Mineral 
  tenement          *    Type, reference name/number, location and ownership         *    Tenement P 38/4489 is located approximately 28km 
  and land               including agreements or material issues with third               South-Southeast of Laverton. It is accessed by the 
  tenure status          parties such as joint ventures, partnerships,                    sealed road between the Mt Weld project and Laverton. 
                         overriding royalties, native title interests,                    The tenement is 1.4Km west-northwest of Lynas Mt Weld 
                         historical sites, wilderness or national park and                REO operations. 
                         environmental settings. 
 
                                                                                     *    The tenement is held by Corcel PLC and is currently 
                    *    The security of the tenure held at the time of                   subject to a farm in option by Riversgold. 
                         reporting along with any known impediments to 
                         obtaining a licence to operate in the area. 
                 ===============================================================  ============================================================== 
 Exploration 
  done by other     *    Acknowledgment and appraisal of exploration by other        *    17 RAB and auger holes were drilled by Placer 
  parties                parties.                                                         Exploration Ltd in 1993 targeting gold. 
 
 
                                                                                     *    1 hole of unknown type but probably RAB drilled by 
                                                                                          Torridon Exploration for gold and base metals 
                 ===============================================================  ============================================================== 
 Geology 
                    *    Deposit type, geological setting and style of                  *    Carbonatite hosted REE mineralisation and/or gold 
                         mineralisation.                                                     below cover. 
                 ===============================================================  ============================================================== 
 Drill hole 
  Information          *    A summary of all information material to the             *    Refer to Tables and Figures within the body of the 
                            understanding of the exploration results including a          release. 
                            tabulation of the following information for 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        *    In reporting Exploration Results, weighting averaging       *    Intersections have been calculated using no cut off 
 methods                 techniques, maximum and/or minimum grade truncations             or internal waste and represent the results of 
                         (eg cutting of high grades) and cut-off grades are               compositing at the sampling stage for early test for 
                         usually Material and should be stated.                           REE mineralisation 
 
 
                    *    Where aggregate intercepts incorporate short lengths        *    The results for the REE suite (lanthanide series) in 
                         of high-grade results and longer lengths of low-grade            ppm is reported for each element individually. 
                         results, the procedure used for such aggregation 
                         should be stated and some typical examples of such 
                         aggregations should be shown in detail.                     *    TREO = Lanthanide Oxides + Yitrrium oxides + Scandium 
                                                                                          Oxides 
 
                    *    The assumptions used for any reporting of metal 
                         equivalent values should be clearly stated. 
                 ===============================================================  ============================================================== 
 Relationship 
 between            *    These relationships are particularly important in the       *    Mineralisation down hole intersection width is 
 mineralisation          reporting of Exploration Results.                                reported as the geometry of the magnetic anomaly 
 widths and                                                                               being tested is still uncertain. Therefore, true 
 intercept                                                                                width cannot yet be estimated. 
 lengths            *    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             *    Diagrams have been incorporated in the body of this 
                         tabulations of intercepts should be included for any             release. 
                         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              *    The assay results reported in the release are from 4 
                         Results is not practicable, representative reporting               composite samples from a specific zone of geological 
                         of both low and high grades and/or widths should be                interest and were fast tracked through the 
                         practiced to avoid misleading reporting of                         laboratory. The remaining 1 metre samples are to be 
                         Exploration Results.                                               assayed. 
                 ===============================================================  ============================================================== 
 Other 
 substantive        *    Other exploration data, if meaningful and material,         *    No other substantive exploration data to be reported. 
 exploration             should be reported including (but not limited to): 
 data                    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            *    A decision on any further work will be made once the 
                         tests for lateral extensions or depth extensions or              bulk of the individual 1m intervals selected for 
                         large-scale step-out drilling).                                  further sampling have been analysed. 
 
 
                    *    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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