Outstanding High-Grade Assays at Kuro
Released
Released
Announcement PDF
Registered Offices – Trek Metals Limited – ARBN 124 462 826
Australia
Suite 5/2 Centro Avenue
Subiaco Western
Australia 6008
Bermuda
Vallis Building, 4th Floor
58 Par-la-Ville Road
Hamilton HM 11
Postal
PO Box 1696
Subiaco
WA 6904
Phone
08 6383 7844
Email
info@trekmetals.com.au
8 September 2026
Outstanding High-Grade Assays Confirm Significant
Shallow Manganese Discovery at Kuro
Second assay batch delivers multiple shallow, high-grade intercepts, including 7m @
40.2% Mn, with Phase 2 drilling now underway targeting priority IP anomalies
Highlights
• Second batch of laboratory drill assays from Trek’s maiden RC drilling program confirm a high-
grade, near-surface manganese discovery at Kuro, within the 100%-owned Christmas Creek
Project in WA’s Kimberley region.
• Of the 50 Phase 1 holes assayed to date, 28 have returned significant manganese intercepts
above 5% Mn, including 16 holes with intercepts above 20% Mn.
• Standout intercept of 7m @ 40.2% Mn from 7m in 26XCRC026, within
o 14m @ 23.6% Mn from 6m
• Multiple additional high-grade results include:
o 8m @ 32.7% Mn from 3m in 26XCRC033, within
10m @ 27.8% Mn from 2m
o 6m @ 39.0% Mn from 28m in 26XCRC028, within
8m @ 31.3% Mn from 28m
o 4m @ 38.6% Mn from 2m in 26XCRC041, within
8m @ 24.1% Mn from 2m
o 4m @ 36.8% Mn from 14m in 26XCRC023, within
6m @ 30.5% Mn from 13m
o 4m @ 32.8% Mn from 13m in 26XCRC024, within
7m @ 24.5% Mn from 12m
o 3m @ 42.7% Mn from 26m in 26XCRC037, within
8m @ 20.6% Mn from 23m
o 3m @ 41.8% Mn from 13m in 26XCRC025, within
13m @ 15.3% Mn from 6m
• Manganese mineralisation is characterised by low iron and very low phosphorus, with
intercepts averaging ≥20% Mn returning 27.0% Mn at 3.28% Fe for an Mn:Fe ratio of 8.3:1,
improving to 14.4:1 in composites above 30% Mn and 47:1 in the highest-grade intercept (10m
@ 42.3% Mn at 0.90% Fe in 26XCRC020).
• Remaining assay results from the rest of the Phase 1 drilling expected in 2-3 weeks.
• The 2,500m Phase 2 drilling program at Kuro has now commenced targeting key IP anomalies.
2
Trek Metals Limited (ASX: TKM) (“Trek” or the “Company”) is pleased to advise that the second batch
of assay results from its maiden Reverse Circulation (RC) drill program at the Kuro prospect has
returned multiple high-grade intercepts, confirming a significant shallow, high-grade manganese
discovery within its 100%-owned Christmas Creek Project in Western Australia.
Table 1. Significant intercept table of laboratory assays for 26XCRC022 – 26XCRC050, using a 5% Mn lower cut-off for broad
intercepts and a 20% Mn lower cut-off for high-grade sub-intervals (including) with a minimum width of 2m and a maximum
internal dilution of 2m. Widths reported are down-hole as true widths are not known. Manganese (Mn) Metres are Width (m)
x Mn%. Individual assay values and composite grades have been rounded for presentation.
Hole ID
From
(m)
To
(m)
Width
(m)
Mn (%)
Mn Metres
(m x %)
Significant Intercept
26XCRC023 13 19 6 30.5 182.8 6m @ 30.5% Mn from 13m
including 14 18 4 36.8 147.2 incl. 4m @ 36.8% Mn from 14m
26XCRC024 12 19 7 24.5 171.5 7m @ 24.5% Mn from 12m
including 13 17 4 32.8 131 incl. 4m @ 32.8% Mn from 13m
26XCRC025 6 19 13 15.3 199.3 13m @ 15.3% Mn from 6m
including 13 16 3 41.8 125.3 incl. 3m @ 41.8% Mn from 13m
26XCRC026 6 20 14 23.6 329.9 14m @ 23.6% Mn from 6m
including 7 14 7 40.2 281.2 incl. 7m @ 40.2% Mn from 7m
26XCRC027 15 22 7 9.6 67.4 7m @ 9.6% Mn from 15m
26XCRC028 28 36 8 31.3 250.8 8m @ 31.3% Mn from 28m
including 28 34 6 39 234.3 incl. 6m @ 39.0% Mn from 28m
26XCRC029 21 27 6 23.5 140.8 6m @ 23.5% Mn from 21m
including 22 26 4 30.9 123.6 incl. 4m @ 30.9% Mn from 22m
26XCRC031 5 9 4 26.1 104.2 4m @ 26.1% Mn from 5m
including 6 9 3 30.5 91.6 incl. 3m @ 30.5% Mn from 6m
26XCRC033 2 12 10 27.8 277.7 10m @ 27.8% Mn from 2m
including 3 11 8 32.7 261.5 incl. 8m @ 32.7% Mn from 3m
26XCRC035 13 17 4 14.3 57.4 4m @ 14.3% Mn from 13m
including 13 15 2 23.4 46.8 incl. 2m @ 23.4% Mn from 13m
26XCRC037 23 31 8 20.6 164.6 8m @ 20.6% Mn from 23m
including 26 29 3 42.7 128.2 incl. 3m @ 42.7% Mn from 26m
26XCRC038 23 25 2 24.9 49.7 2m @ 24.9% Mn from 23m
26XCRC039 14 19 5 10.1 50.3 5m @ 10.1% Mn from 14m
26XCRC039 22 25 3 9.2 27.6 3m @ 9.2% Mn from 22m
26XCRC040 22 26 4 7 28 4m @ 7.0% Mn from 22m
26XCRC041 2 10 8 24.1 192.6 8m @ 24.1% Mn from 2m
including 2 6 4 38.6 154.5 incl. 4m @ 38.6% Mn from 2m
26XCRC042 3 10 7 13.7 96.2 7m @ 13.7% Mn from 3m
3
including 4 6 2 22.8 45.7 incl. 2m @ 22.8% Mn from 4m
26XCRC045 7 14 7 6.8 47.4 7m @ 6.8% Mn from 7m
No significant intercepts (≥5% Mn over ≥2m) in 26XCRC022, 030, 032, 034, 036, 043, 044, 046, 047, 048, 049 & 050.
Laboratory assays for the second batch of RC holes continue to define the presence of an extensive
high-grade, near-surface manganese system at Kuro. Of the 50 Phase 1 holes assayed to date, 28 have
returned significant manganese intervals above 5% Mn, including 16 with intercepts averaging above
20% Mn.
The latest results include a standout intercept from drill-hole 26XCRC026 of 14m @ 23.6% Mn from
6m, including 7m at 40.2% Mn from 7m with a peak one-metre assay of 49.9% Mn. Holes 26XCRC037
and 025 returned very high-grade intervals of 3m @ 42.7% Mn from 26m and 3m @ 41.8% Mn from
13m respectively. Significant intercepts are reported in Table 1 and Figures 1-4 below.
The mineralisation intersected to date remains shallow, with all significant intercepts (Table 1 &
Figures 1-4) occurring between surface and 37m down-hole. The interpreted mineralised geometry
trends from surface in the north-west and deepens progressively towards the south-east.
Figure 1. Plan view of Kuro, Gradient Array Induced Polarisation (GAIP) Chargeability anomalism shown as full-colour
background with contour lines (white-red hot indicative of highly chargeable zones), manganese outcrop as grey polygons
with black outlines, completed Reverse Circulation drill-holes with hole ID and total visual massive and semi-massive
manganese intercepts labelled and significant laboratory assay results in callouts and coloured dots.
4
Readers are reminded that Visual estimates of mineral abundance should never be considered a proxy or substitute for
laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
The visually observed manganese mineralisation is not representative of the entire Kuro Prospect, with drilling currently on-
going to further assess the distribution of manganese. Representative drill samples are being routinely collected from the drill
rig and will be analysed at ALS laboratories and reported in due course (laboratory assay results are expected progressively,
with the first batch reported 6 Aug 2026, the second batch here and the final Phase 1 batch in 2-3 weeks).
Trek Metals CEO, Derek Marshall, said: “These outstanding results confirm that Kuro is a significant
shallow, high-grade manganese discovery, confirming that the high grades we saw in the first batch
of results are being repeated across the system.
“Importantly, 28 of the 50 assayed Phase 1 holes returned significant manganese intercepts, including
16 with intervals averaging above 20% Mn. We are also seeing some exceptional individual results,
such as 7m grading more than 40% Mn, confirming that the system has the potential to deliver
exceptional grades.
“What is particularly encouraging is that we are still in at a very early stage in understanding the scale
of this opportunity. Phase 2 of the Kuro exploration drill program is now underway to see if we can find
additional pods of mineralisation beneath the sand. Phase 2 holes are targeting newly generated
geophysical anomalies over a much larger area than the original Phase 1 drilling.
“Our interpretation suggests that the host geology of the Kuro manganese mineralisation extends
across a basin spanning a 30km strike length within Trek tenure which is highly prospective for
additional manganese discoveries.
“To help us more accurately define the basin architecture, we have just completed a high-resolution
fixed-wing magnetic survey over this area. In addition to magnetics, the aeroplane also collects
radiometric data, which was critical in the initial discovery of Kuro. We eagerly await the data from
this survey to inform our ongoing exploration efforts.
“A detailed Sub-Audio Magnetic (SAM) survey has also recently been completed over the Martin high-
grade gold prospect, with the data to be integrated with existing datasets and used to aid in drill
targeting. We look forward to updating the market with a steady flow of exploration results and
activity as the season progresses.”
5
Figure 2. Long Section Line 1, along the main (southern) chargeability anomaly along strike from the main manganese
outcrop, showing interpreted geology, highlighting the ~400m strike of visual manganese mineralisation in black. New and
previously released laboratory significant intercepts as individual callouts (refer Table 1) and previously released significant
visual intercepts. Cross-section Line 1 location also shown. Long section line location shown in Figure 1.
Readers are reminded that Visual estimates of mineral abundance should never be considered a proxy or substitute for
laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. The visually
observed manganese mineralisation is not representative of the entire Kuro Prospect, with drilling currently on-going to
further assess the distribution of manganese.
Representative drill samples are being routinely collected from the drill rig and will be analysed at ALS laboratories and
reported in due course (laboratory assay results are expected progressively, with the first batch reported 6 Aug 2026, the
second batch here and the final Phase 1 batch in 2-3 weeks).
6
Figure 3. Long Section Line 2, along the northern chargeability anomaly, showing interpreted geology, highlighting the ~300m
and 150m strike of visual manganese mineralisation in black. New and previously released laboratory significant intercepts
as individual callouts (refer Table 1) and previously released significant visual intercepts. Cross-section Line 1 location also
shown. Long section line location shown in Figure 1.
Readers are reminded that Visual estimates of mineral abundance should never be considered a proxy or substitute for
laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
The visually observed manganese mineralisation is not representative of the entire Kuro Prospect, with drilling currently on-
going to further assess the distribution of manganese. Representative drill samples are being routinely collected from the drill
rig and will be analysed at ALS laboratories and reported in due course (laboratory assay results are expected progressively,
with the first batch reported 6 Aug 2026, the second batch here and the final Phase 1 batch in 2-3 weeks).
Iron and phosphorus are typically the principal penalty elements in manganese ore. Intercepts
averaging 20% Mn or better return 3.28% Fe and 0.026% P over 117m for an Mn:Fe ratio of
approximately 8:1, with manganese and iron geochemically decoupled and the ratio improving with
grade (to 14:1 in composites above 30% Mn and 47:1 in the 10m @ 42.3% Mn interval in 26XCRC020,
which returned 0.90% Fe).
Phosphorus is low across most intercepts, ranging from 0.014% to 0.115%, and is elevated only in
26XCRC006 and 26XCRC007. Silica is the principal diluent and falls as manganese grade rises, from
49.7% SiO₂ across the reported intercepts to 24.4% in the highest-grade interval.
Lead is variably distributed, ranging from 36ppm to 0.60% across the reported intercepts, and shows
no systematic relationship to manganese grade. Length-weighted averages for each intercept of 2m
or greater are set out in Table 4. No metallurgical or product characterisation testwork has been
undertaken at this stage and these observations are only indicative / early stage in nature.
7
Figure 4. Cross-Section Line linking the two Long Sections (Figure 2 & Figure 3) showing interpreted geology, highlighting the
apparent ~50m widths of visual manganese mineralisation in black of the two pods. New and previously released laboratory
significant intercepts as individual callouts (refer Table 1) and previously released significant visual intercepts (≥10m of
massive to semi-massive manganese) as individual callouts. Long-section Line 1 and Line 2 locations also shown. Cross section
line location shown in Figure 1.
Readers are reminded that Visual estimates of mineral abundance should never be considered a proxy or substitute for
laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
The visually observed manganese mineralisation is not representative of the entire Kuro Prospect, with drilling currently on-
going to further assess the distribution of manganese. Representative drill samples are being routinely collected from the drill
rig and will be analysed at ALS laboratories and reported in due course (laboratory assay results are expected progressively,
with the first batch reported 6 Aug 2026, the second batch here and the final Phase 1 batch in 2-3 weeks).
8
Ongoing Phase 2 RC drilling at Kuro is targeting the high-priority chargeability and conductivity
anomalies defined by recent Induced Polarisation (IP) surveying across the greater Kuro region
(Figure 5) and refer to Trek’s previous ASX announcement 19 August 2026,
https://trekmetals.com.au/announcements/7689981).
The current ~2,500m RC drill program is testing these anomalies across an area substantially larger
than the Phase 1 drill area, with the objective of assessing the scale potential of the mineralised system
within the heritage cleared area. Drill pads and access were prepared under the supervision of the Yi-
Martuwarra (YMN) Traditional Owners.
Figure 5. Induced Polarisation (IP) chargeability data (shown as 1VD to highlight short-wavelength, near-surface variation)
with interpreted anomalous areas outlined in black and the previously announced Phase 1 IP survey area within a dashed
box. The figure also shows collar points from the Phase 1 Kuro drilling, with either visual manganese metres (for holes with
pending assay data) or laboratory manganese metres for those with assays.
Readers are reminded that Visual estimates of mineral abundance should never be considered a proxy or substitute for
laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
The visually observed manganese mineralisation is not representative of the entire Kuro Prospect, with drilling currently on-
going to further assess the distribution of manganese. Representative drill samples are being routinely collected from the drill
rig and will be analysed at ALS laboratories and reported in due course (laboratory assay results are expected progressively,
with the first batch reported 6 Aug 2026, the second batch here and the final Phase 1 batch in 2-3 weeks).
9
Gradient Array Induced Polarisation surveying has been completed at the Leviathan Prospect (Figure
6) and the Moombarriga survey crew have demobilised from site.
A field crew are currently undertaking a reconnaissance soil sampling survey across the interpreted
prospective basin (Figure 6) to assess the suitability of the exploration methodology for identifying
additional manganese target areas. These two new datasets will be integrated with existing data and
the recently completed airborne magnetic and radiometric data to help determine areas for follow-
up within the interpreted ~30km long prospective basin at Christmas Creek.
Figure 6. Preliminary Merged Residual Gravity imagery showing an interpreted ~30km long prospective Neoproterozoic basin
hosting the Kuro manganese discovery outlined in white, highlighting the interpreted basin boundary and target stratigraphy
within, the existing Kuro IP and drill area in the east and the recently completed gradient array IP extension survey areas.
10
Authorised by the Board of Directors
ENDS
For further information contact:
INVESTORS: MEDIA:
Derek Marshall Nicholas Read
dmarshall@trekmetals.com.au info@trekmetals.com.au 0419 929 046
JOIN TKM’S INTERACTIVE INVESTOR HUB
https://trekmetals.com.au/auth/signup
Interact with Trek Metal’s announcements and updates by asking
questions and comments which our team can respond to where possible
https://trekmetals.com.au/link/y0V47r
COMPETENT PERSONS STATEMENT
The information in this report relating to Exploration Results is based on information compiled by the
Company’s Chief Executive Officer, Mr Derek Marshall, a Competent Person, and Member of the
Australian Institute of Geoscientists (AIG). Mr Marshall has sufficient experience relevant to the style
of mineralisation and to the type of activity described to qualify as a competent person as defined in
the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves.” Mr Marshall has disclosed that he holds fully paid Ordinary Shares and
Performance Rights in the Company. Mr Marshall consents to the inclusion in this announcement of
the matters based on his information in the form and content in which it appears.
Cautionary Statement: This announcement reports Exploration Results only. No Mineral Resource
has been estimated for the Kuro Prospect and insufficient exploration has been completed to
estimate a Mineral Resource. Further drilling and evaluation is required, and it is uncertain whether
further exploration will result in the estimation of a Mineral Resource.
DISCLAIMERS AND FORWARD-LOOKING STATEMENTS
This announcement contains forward looking statements. Forward looking statements are often, but
not always, identified by words such as "seek", “target”, "anticipate", “forecast”, "believe", "plan",
"estimate", "expect" and "intend" and statements that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar expressions.
The forward-looking statements in this announcement are based on current expectations, estimates,
forecasts and projections about Trek and the industry in which it operates. They do, however, relate
to future matters and are subject to various inherent risks and uncertainties. Actual events or results
may differ materially from the events or results expressed or implied by any forward-looking
statements. The past performance of Trek is no guarantee of future performance.
None of Trek’s directors, officers, employees, agents or contractors makes any representation or
warranty (either express or implied) as to the accuracy or likelihood of fulfilment of any forward-
looking statement, or any events or results expressed or implied in any forward-looking statement,
except to the extent required by law. You are cautioned not to place undue reliance on any forward-
looking statement. The forward-looking statements in this announcement reflect views held only as
at the date of this announcement.
11
Table 2. Specific Exploration results referred to in this report were originally reported in the following Company
announcements.
Title Date
Additional Drilling Planned at the Kuro Manganese Discovery Targeting High-Priority
IP Anomalies
https://trekmetals.com.au/announcements/7689981
19 August 2026
First Drill Assays Confirm High-Grade Manganese at Kuro
https://trekmetals.com.au/announcements/7669969
6 August 2026
IP Drilling Validates Concealed Manganese Targeting at Kuro
https://trekmetals.com.au/announcements/7646589
23 July 2026
Drilling Continues to Intersect Mineralisation at Kuro
https://trekmetals.com.au/announcements/7618301
6 July 2026
Multiple Mineralised Zones Intersected at Kuro
https://trekmetals.com.au/announcements/7604907
29 June 2026
Kuro IP Survey planned, RC Drill contract and assay results
https://trekmetals.com.au/announcements/7467887
30 March 2026
Petrophysics Confirms Geophysical Response from Kuro Rock Chips, IP Survey
Planned and RC Drill Contract Awarded
https://trekmetals.com.au/announcements/7457333
23 March 2026
Outstanding New High-Grade Manganese Rock Chip Results at the Kuro Prospect -
Christmas Creek Project, WA
https://trekmetals.com.au/announcements/7326226
19 January 2026
High-Grade Manganese Discovery at Christmas Creek Strengthened by Extensive,
Strong Gravity Anomalies
https://trekmetals.com.au/announcements/7311646
15 December 2025
Trek to accelerate exploration at new High-Grade Manganese Discovery at
Christmas Creek Project, WA
https://trekmetals.com.au/announcements/7263873
17 November 2025
Exceptionally High-Grade Manganese Discovery at Christmas Creek Project, WA
https://trekmetals.com.au/announcements/7259499
13 November 2025
Discovery focused drilling gains momentum on several fronts
https://trekmetals.com.au/announcements/7075982
29 July 2025
The Company confirms that it is not aware of any new information or data that materially affects the information
included in the original announcements and that all material assumptions and technical parameters
underpinning the exploration results continue to apply and have not materially changed.
12
Table 3. Collar Table relating to holes which samples comprised Batch 2 being reported from 2026 Reverse Circulation
drilling at the Christmas Creek Project, listing holes 26XCRC022 – 26XCRC050, co-ordinates listed are grid MGA2020 Z52.
Hole ID Type Depth North East RL Dip Azi Lease ID Prospect
26XCRC022 RC 78 7873820 267292 331 -90 0 E80/4975 Kuro
26XCRC023 RC 84 7873836 267275 331 -90 0 E80/4975 Kuro
26XCRC024 RC 72 7873850 267261 332 -90 0 E80/4975 Kuro
26XCRC025 RC 66 7873897 267221 332 -90 0 E80/4975 Kuro
26XCRC026 RC 72 7873914 267205 332 -90 0 E80/4975 Kuro
26XCRC027 RC 72 7873936 267192 333 -90 0 E80/4975 Kuro
26XCRC028 RC 78 7873986 267169 333 -90 0 E80/4975 Kuro
26XCRC029 RC 78 7874016 267155 333 -90 0 E80/4975 Kuro
26XCRC030 RC 72 7874032 267138 333 -90 0 E80/4975 Kuro
26XCRC031 RC 60 7874066 267101 333 -90 0 E80/4975 Kuro
26XCRC032 RC 60 7874079 267081 333 -90 0 E80/4975 Kuro
26XCRC033 RC 54 7874097 267054 333 -90 0 E80/4975 Kuro
26XCRC034 RC 36 7874147 266948 333 -90 0 E80/5427 Kuro
26XCRC035 RC 72 7873936 267163 333 -90 0 E80/4975 Kuro
26XCRC036 RC 90 7873980 267193 333 -90 0 E80/4975 Kuro
26XCRC037 RC 78 7873916 267375 334 -90 0 E80/4975 Kuro
26XCRC038 RC 78 7873939 267367 334 -90 0 E80/4975 Kuro
26XCRC039 RC 66 7873992 267340 335 -90 0 E80/4975 Kuro
26XCRC040 RC 42 7874012 267328 335 -90 0 E80/4975 Kuro
26XCRC041 RC 36 7874061 267255 334 -90 0 E80/4975 Kuro
26XCRC042 RC 30 7874080 267266 335 -90 0 E80/4975 Kuro
26XCRC043 RC 48 7874101 267282 335 -90 0 E80/4975 Kuro
26XCRC044 RC 60 7874129 267300 335 -90 0 E80/4975 Kuro
26XCRC045 RC 42 7874042 267237 334 -90 0 E80/4975 Kuro
26XCRC046 RC 54 7874022 267221 334 -90 0 E80/4975 Kuro
26XCRC047 RC 54 7873999 267207 334 -90 0 E80/4975 Kuro
26XCRC048 RC 138 7873737 267020 331 -90 0 E80/4975 Kuro
26XCRC049 RC 108 7873849 267106 332 -90 0 E80/4975 Kuro
26XCRC050 RC 90 7873898 267136 332 -90 0 E80/4975 Kuro
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Table 4. Length-weighted average composition of all significant manganese intercepts returned to date at the Kuro Prospect
(holes 26XCRC001–050): 30 broad intercepts and 21 high-grade sub-intervals from 28 holes. Intercepts for holes 26XCRC022–
050 are set out in Table 1; those for holes 26XCRC004–020 were previously reported in the Company's announcement dated
6 August 2026. Broad intercepts are calculated using a 5% Mn lower cut-off and "including" sub-intervals a 20% Mn lower
cut-off, each with a maximum 2m internal dilution; broad intercepts of less than 2m downhole width are excluded. Sub-
intervals are contained within the broad intercept immediately above and are not additional to it; the weighted average row
relates to the broad intercepts only, with Mn:Fe calculated as the ratio of average Mn to average Fe. Fe and P are reported
as the element, converted from Fe₂O₃ and P₂O₅; LOI is loss on ignition; all results are on an as-received basis. Sulphur is below
0.02% S throughout and is not tabulated. Iron and phosphorus are the principal penalty elements in manganese ore; lead,
arsenic, silica, alumina and barium are reported as constituents relevant to any future assessment of the mineralisation. No
metallurgical or product characterisation testwork has been undertaken and no inference as to product specification should
be drawn from these results.
Hole ID From
(m)
Width
(m)
Mn % Fe % Mn:Fe P % SiO₂ % Al₂O₃ % BaO % LOI % Pb ppm As
ppm
26XCRC004 5 2 12.8 6.74 1.9 0.022 58.4 6.44 0.34 6.0 636 28
26XCRC006 0 15 13.2 6.27 2.1 0.105 57.5 6.05 0.61 6.1 801 15
including 2 3 29.6 8.25 3.6 0.177 28.0 5.36 1.08 10.0 2,343 38
26XCRC007 0 4 44.6 1.86 24 0.115 13.5 5.19 1.37 11.9 49 18
26XCRC011 0 2 23.1 3.14 7.4 0.050 47.2 5.74 1.66 7.1 432 14
26XCRC014 9 11 19.3 1.72 11 0.023 53.2 6.40 2.00 6.1 91 20
including 9 3 32.7 1.67 20 0.032 34.6 4.99 1.89 8.6 125 26
26XCRC015 24 13 19.9 2.97 6.7 0.026 53.9 5.43 0.53 5.5 381 29
including 26 7 28.8 1.87 15 0.016 42.8 4.74 0.48 7.0 604 39
26XCRC016 8 8 25.4 4.44 5.7 0.016 44.0 5.03 0.45 7.3 1,834 31
including 8 5 32.8 5.48 6.0 0.017 31.8 4.04 0.45 8.6 2,711 38
26XCRC017 9 3 17.9 6.57 2.7 0.023 48.3 5.31 0.30 7.8 5,960 27
26XCRC017 16 2 11.5 11.61 1.0 0.039 52.6 5.82 0.24 6.4 209 20
26XCRC018 6 11 24.0 1.89 13 0.016 50.5 4.69 0.75 6.7 755 20
including 7 2 31.8 1.11 29 0.015 39.2 4.19 1.00 8.1 1,120 18
including 12 4 32.3 2.00 16 0.017 38.5 3.91 0.64 8.1 729 28
26XCRC019 0 6 25.4 3.15 8.1 0.016 44.2 6.16 0.75 8.0 104 19
including 0 5 28.1 3.09 9.1 0.015 40.1 6.27 0.64 8.5 118 20
26XCRC020 13 13 34.9 1.80 19 0.028 33.7 3.57 1.91 8.0 140 26
including 13 10 42.3 0.90 47 0.031 24.4 2.81 2.29 9.3 136 25
26XCRC023 13 6 30.5 5.31 5.7 0.022 32.2 5.50 2.03 8.6 176 45
including 14 4 36.8 4.28 8.6 0.018 25.2 4.51 2.25 9.4 165 52
26XCRC024 12 7 24.5 4.89 5.0 0.029 39.4 6.87 2.14 8.0 98 37
including 13 4 32.8 3.20 10.2 0.028 29.9 6.33 2.34 9.4 92 48
26XCRC025 6 13 15.3 6.77 2.3 0.033 52.6 6.76 1.28 6.5 114 34
14
Hole ID From
(m)
Width
(m)
Mn % Fe % Mn:Fe P % SiO₂ % Al₂O₃ % BaO % LOI % Pb ppm As
ppm
including 13 3 41.8 2.56 16.3 0.054 21.5 2.89 3.28 9.5 195 39
26XCRC026 6 14 23.6 1.84 12.8 0.030 48.8 6.17 0.91 6.7 88 15
including 7 7 40.2 0.86 46.5 0.037 27.9 3.63 0.74 9.1 118 21
26XCRC027 15 7 9.6 2.81 3.4 0.038 67.7 6.48 1.30 3.9 46 14
26XCRC028 28 8 31.3 6.51 4.8 0.027 33.4 3.31 1.09 7.5 579 49
including 28 6 39.0 4.86 8.0 0.028 24.7 2.55 1.20 8.9 621 53
26XCRC029 21 6 23.5 4.72 5.0 0.023 46.1 4.48 1.32 6.5 254 24
including 22 4 30.9 2.12 14.6 0.020 39.0 3.88 1.67 7.4 320 23
26XCRC031 5 4 26.1 4.41 5.9 0.025 41.5 5.38 0.77 7.9 259 43
including 6 3 30.5 4.60 6.6 0.029 35.1 4.59 0.87 8.5 278 49
26XCRC033 2 10 27.8 3.23 8.6 0.017 40.6 5.63 0.78 8.1 1069 38
including 3 8 32.7 2.69 12.1 0.018 34.1 5.10 0.82 8.9 1193 44
26XCRC035 13 4 14.3 2.88 5.0 0.028 62.0 5.95 0.71 5.2 89 26
including 13 2 23.4 3.68 6.4 0.028 48.7 4.72 0.39 6.9 74 45
26XCRC037 23 8 20.6 3.84 5.4 0.025 49.4 5.84 0.40 6.2 128 34
including 26 3 42.7 2.45 17.4 0.026 22.3 2.87 0.40 9.5 190 62
26XCRC038 23 2 24.9 1.64 15.2 0.018 46.1 5.99 1.32 6.7 36 19
26XCRC039 14 5 10.1 1.96 5.1 0.017 68.6 7.18 0.44 4.5 51 12
26XCRC039 22 3 9.2 3.40 2.7 0.023 66.8 6.92 0.93 4.4 72 17
26XCRC040 22 4 7.0 3.31 2.1 0.033 70.7 7.13 0.93 4.0 77 10
26XCRC041 2 8 24.1 1.86 13.0 0.015 49.2 5.31 0.99 6.9 161 26
including 2 4 38.6 1.80 21.5 0.018 28.3 3.76 1.23 9.2 218 40
26XCRC042 3 7 13.7 3.57 3.9 0.014 61.0 6.49 0.84 5.7 296 22
including 4 2 22.8 1.24 18.3 0.015 49.6 6.26 1.46 7.2 114 19
26XCRC045 7 7 6.8 3.32 2.0 0.021 72.5 6.83 0.71 4.0 103 11
Weighted Average
213 21.2 3.72 5.7 0.032 49.7 5.70 1.03 6.6 437 25
15
JORC Table Section 1: Sampling Techniques and Data:
Criteria JORC Code explanation Commentary
Sampling
techniques
• Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.
• Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.
• Aspects of the determination of mineralisation
that are Material to the Public 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 was undertaken using RC with a face sampling bit. RC cuttings
were collected at 1m intervals via a cyclone and cone splitter,
producing ~2.5kg (mean 2.43kg and median 2.40kg) samples, with
bulk residues retained on site and composite sampled as 4m intervals.
• Each hole was sampled over its full length using a two-tier scheme:
contiguous 1m rig-split samples over the interval of interest identified
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