Announcement PDF www.emunl.com.au info@emunl.com.au U3, 180 Main Street KANGAROO POINT QLD 4169 ASX Code: EMU ABN: 50 127 291 927 ASX RELEASE | ASX:EMU YATAGA DRILLING NEW COPPER TARGETS DEFINED AHEAD OF FIRST ASSAYS 17 September 2026 EMU NL (“EMU” or “the Company”) is pleased to provide a technical update on its continuing diamond drilling and target development programme at the Yataga Valley Copper Project in North Queensland. HIGHLIGHTS  EMU's first deep hole (26YVRD012) completed to approximately 735m, tested chargeability and magnetic-low targets. Multiple Green Shear/Vein structures were observed from about 330m to 470m. Including three zones of more concentrated Green Shear/Vein development, with visible chalcopyrite observed in parts together with pyrrhotite and pyrite. The sulphides appear to be structurally controlled, with visible chalcopyrite preferentially associated with discrete Green Shear/Vein structures.  A second deep hole (26YVRD015) remains in progress, testing an IP chargeability target approximately 1km south of 26YVRD012. At 429.2m depth the first Green Shear zones were reported, containing sulphides, principally pyrite with minor visible chalcopyrite. Drilling is continuing.  First laboratory assays from 26YVRD012 and the 16-hole RC programme are expected from around the end of September through to mid-October. MANAGING DIRECTOR & CEO DOUG GREWAR COMMENTED “The Yataga programme is entering an important phase. Our first deep hole at Yataga, Hole 12, has substantially improved our geological understanding of the deeper Yataga system and has identified a broad structural corridor containing multiple Green Shear and Vein structures, including intervals carrying visible chalcopyrite. “Drilling of our second deep hole continues and we are monitoring the core closely each day. Green Shear zones containing sulphides have now been encountered in the deeper part of the hole, although it is too early to determine their extent, continuity or relationship to those seen in Hole 12. “At the same time, Dr Gregg Morrison's review of the drilling together with the recent detailed surface mapping and sampling has further refined a series of priority targets on the westernside of Yataga Valley, where we have yet to drill. “The first laboratory assays from Hole 12 and the RC programme are expected from around the end of September through to mid-October. These results will be an important next step in determining how the visible copper-bearing structures and broader alteration system translate into laboratory copper grades. “In the meantime, drilling, mapping, geochemistry and geophysics continue to be integrated to progressively refine the geological model and prioritise the next drill targets across Yataga.” Page | 2 26YVRD012 – FIRST DEEP GEOLOGICAL TEST OF THE YATAGA MODEL The Company's first deep diamond hole, 26YVRD012, has materially advanced EMU's understanding of the intrusive, structural and hydrothermal environment beneath Yataga Valley. 26YVRD012 was completed at a depth of 735m, testing a priority target where copper geochemistry, major structures, an IP chargeability response and magnetic low converge beneath the eastern side of Yataga Valley. The hole intersected an interpreted structural corridor with a complex intrusive and hydrothermal environment comprising variably altered granitoids, aplite, quartz and quartz- carbonate veining, sulphides and later hematite-altered faulting. (See T able 2 ). Between approximately 330m and 470m downhole, this corridor displayed multiple Green Shear/Vein structures occur, including zones containing intermittent visible chalcopyrite together with pyrrhotite and pyrite (Figure 1). This approximately 140m downhole interval represents the overall geological envelope in which the structures are present. ‘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.’ Copper observed in the core to date appears predominantly structurally controlled. Visible chalcopyriteis preferentiallyassociatedwiththeGreenShear/Vein structuresratherthanbeing uniformly distributed throughout the host granitoids. This interpretation will be reassessed when laboratory assays are received. The relationship between this alteration system and the geophysical responses remains under evaluation. Current geological observations indicate that the IP chargeability and magnetic responses reflect a combination of sulphide-bearing structures, disseminated sulphides, intrusive variation and hydrothermal alteration. Compilation of magnetic susceptibility, pXRF and other physical-property data is continuing before a more definitive interpretation of the geophysical responses can be made. The magnetic low may similarly reflect a combination of alteration and intrusive variation, including possible magnetite destruction during hydrothermal alteration and the presence of more felsic, albitic or quartz -rich intrusive phases. Page | 3 Figure 1: Geological cross-section through 26YVRD012 showing the interpreted intrusive geology, Green Shear/Vein Complexes and associated copper-bearing zones. Assays pending. 26YVRD015 – SECOND DEEP HOLE AT YATAGA, IN PROGRESS Diamond drilling is continuing in 26YVRD015, approximately 1km south of 26YVRD012, testing a separate IP chargeability target. By 429.2m depth, the hole had commenced intersecting Green Shear zones containing sulphides, dominated by pyrite with minor visible chalcopyrite, following passage through hematite-altered faulting and associated veining. The hole has intersected a sequence of granodioritic intrusive rocks together with aplite and granitic phases (Figure 2). As drilling has progressed, the geological team has continued to monitor changes in lithology, alteration, veining, structure and sulphide development. Drilling subsequently commenced intersecting Green Shear zones containing sulphides, principally pyrite with minor visible chalcopyrite. The geological significance, width and continuity of these newly encountered Green Shear zones are not yet known and it remains too early to determine how they relate to the structures encountered in 26YVRD012. The geological team continues to review the core daily and drilling is progressing on a day-by-day basis. 26YVRD015 provides an important second deep geological test of the Yataga system and will assist in assessing the continuity and distribution of the intrusive, structural, alteration and geophysical features recognised farther north in 26YVRD012. Page | 4 Figure 2: 26YVRD012 (tray 48) core showing latest green shear zones and sulphide mineralisation. WESTERN YATAGA VALLEY TARGETS In parallel with the continuing drilling of 26YVRD015, recent detailed geological mapping and sampling have further refined a series of priority targets on the western side of Yataga Valley, where granite, prominent aplite development, miarolitic cavities, shear zones, veining and local copper occurrences have been mapped in a previously undrilled area. Exploration across Yataga has always integrated geology, geochemistry and geophysics. The significance of the recent work is that the increased level of geological detail has enabled EMU to better prioritise specific western Valley targets for the next phase of drilling. The western Valley between approximately 3800N and 4800N contains granite with prominent aplite development, shear zones, miarolitic cavities, veining and local copper occurrences. This part of Yataga Valley remains undrilled. Four existing drill pads are located within the priority target area. A further seven potential pads have been identified for follow-up drilling should the initial holes provide geological encouragement. Page | 5 The first proposed western hole is 26YVDD018: Easting 774820mE Northing 8004001mN Azimuth 270° Dip -60° Planned depth ~320m Target Surface copper and complex intrusive/structural geology Subject to the continuing geological assessment of 26YVRD015, 26YVDD018 is currently planned as the next diamond hole. Further proposed holes will progressively test the western corridor, including a planned hole across the interpreted western bounding fault of Yataga Valley. The Company's bulldozer contractor is returning to site to prepare priority pads and access. With its time on site limited, the highest-priority locations will be prepared first, maintaining operational flexibility as the geological model continues to develop. Page | 6 Figure 3: Yataga geology plan showing 26YVRD012, 26YVRD015, the western target corridor, existing priority drill pads and proposed follow-up pads. Page | 7 INTEGRATED TARGET SELECTION EMU's Yataga exploration methodology has consistently required the integration of historical and current datasets including geology, geochemistry and geophysics in selecting and ranking drill targets. The deep diamond drilling is now adding substantially more geological information to that existing framework. 26YVRD012 has provided detailed information on the intrusive phases, alteration, Green Shear/Vein structures and distribution of visible sulphides within one of the principal geophysical target areas. 26YVRD015 is providing a second deep test approximately 1km to the south, while recent detailed mapping and sampling have increased the geological priority of a number of targets on the western side of the Valley. Target selection continues to integrate:  intrusive geology and contacts;  Green Shear/Vein structures and other structural controls;  hydrothermal alteration;  observed copper occurrences;  surface copper geochemistry;  Induced Polarisation IP chargeability and resistivity responses;  Electromagnetic (EM) responses;  magnetics; and  detailed geological mapping and LiDAR. This information is being progressively compiled to improve the geological model and prioritise subsequent drill testing. Dr Gregg Morrison's latest compilation recommends that the next stage of drilling focus initially on the westernValley geological and geochemicaltargets, while additionalgeophysical targets, including priority ranked coincident IP (Chargeability) and EM (Conductivity) anomaly, remain available for subsequent testing as the geological interpretation develops. ASSAYS – NEXT KEY DATASET The first laboratory assays from the current programme are expected from around the end of September through to mid-October, including all RC holes (26YVRC001 to 26YVRC017) and initial results from diamond tail 26YVRD012 hole. These assays represent an important next dataset for Yataga and will provide quantitative copper results against which the geological observations, visible sulphides and alteration identified during drilling can be assessed. Page | 8 For 26YVRD012, the assays will enable EMU to assess the copper grades associated with the multiple Green Shear/Vein structures occurring within the approximately 140m downhole structural corridor between about 330m and 470m. The 140m interval describes the broader geological envelope in which Green Shear/Vein structures occur and should not be interpreted as a mineralised intercept. Results will be progressively integrated with geological logging, structural measurements, magnetic susceptibility, pXRF, surface mapping and geophysical datasets as they become available. EMU intends to report material laboratory results following receipt, validation and technical review. NEXT STEPS EMU's immediate priorities at Yataga are to:  continue drilling 26YVRD015 to target depth, subject to onsite logging and monitoring the development of the newly encountered Green Shear zones and sulphides;  complete geological logging, structural measurements, sampling and supporting technical work as drilling advances;  complete compilation of magnetic susceptibility, pXRF and relevant physical-property datasets from the deep drilling;  receive and assess the first laboratory assays from 26YVRD012 and the RC programme, expected from around the end of September through to mid-October;  prepare the highest-priority western Valley drill locations;  commence drilling 26YVDD018 as the next planned diamond hole, with core recovery from surface as a means to understand the geology in the upper weathered sections of the drill hole; and  continue integration of geology, mapping, geochemistry and geophysics to refine subsequent drill targets. CAUTIONARY STATEMENT – VISUAL OBSERVATIONS References in this announcement to visible sulphide and copper mineralisation are based on geological observations of drill core and surface exposures. Visual observations are not a substitute for laboratory analysis and should not be considered an estimate of grade, mineralised width or economic significance. The presence or abundance of visually observed sulphides may not correlate directly with laboratory copper grades. Laboratory assays are pending and EMU will report analytical results following receipt, validation and technical review. Page | 9 COMPETENT PERSON STATEMENT The information in this report that relates to Exploration Results is based on, and fairly represents, information and supporting documentation compiled by Jason Larocca, a Member of the Australian Institute of Geoscientists. Jason Larocca is the Lead Geologist at EMU NL and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Jason Larocca consents to the inclusion in the report of the matters based on his information in the form and context in which they appear. AUTHORISED FOR RELEASE BY THE BOARD For further information, please contact: Doug Grewar MD and Chief Executive O icer info@emunl.com.au Investors can sign into our interactive investor hub and join in on the conversation with Emu NL. https://investorhub.emunl.com.au/auth/signup Page | 10 Table 1. Drill Collars – Holes Completed, Ongoing and Proposed Hole ID Hole Type Easting Northing UTM Grid ID Depth Dip Azi Mag NAT_RL Status 26YVRC001 RC 776191 8003482 GDA94_54 240 -60 90 323.5 Completed 26YVRC002 RC 776049 8003483 GDA94_54 239 -60 90 320.6 Completed 26YVRC003 RC 774791 8005118 GDA94_54 149 -60 270 309.1 Completed 26YVRC004 RC 774748 8005091 GDA94_54 245 -60 270 309.6 Completed 26YVRC005 RC 774407 8005446 GDA94_54 251 -60 90 301.9 Completed 26YVRC006 RC 774601 8005459 GDA94_54 161 -60 90 310 Completed 26YVRC007 RC 774714 8005431 GDA94_54 107 -60 90 312 Completed 26YVRC008 RC 774796 8005424 GDA94_54 119 -60 90 310.7 Completed 26YVRC009 RC 774958 8005436 GDA94_54 149 -60 90 306.2 Completed 26YVRC010 RC 774451 8005001 GDA94_54 137 -60 90 302.3 Completed 26YVRC011 RC 774602 8005003 GDA94_54 125 -60 90 305.9 Completed 26YVRD012 RCD 774905 8004510 GDA94_54 735.4 -60 90 310.9 Completed 26YVRC013 RC 775484 8002856 GDA94_54 113 -60 90 319 Completed 26YVRC014 RC 775408 8003006 GDA94_54 77 -60 90 317 Completed 26YVRC015 RCD 775210 8003505 GDA94_54 459.2 -60 90 318 Ongoing 26YVRC016 RC 774990 8003496 GDA94_54 249 -60 270 311 Completed 26YVRC017 RC 775105 8004001 GDA94_54 191 -60 90 317.8 Completed Prop14 RC 774600 8004501 GDA94_54 240 -60 270 313.6 Proposed Prop15 DD 774800 8004501 GDA94_54 240 -60 90 310.7 Proposed Prop20 DD 774351 8003843 GDA94_54 400 -60 270 337.1 Proposed 26YVRD018 DD 774820 8004001 GDA94_54 320 -60 270 319.6 Proposed Page | 11 Table 2. Holes 26YVRD012 and Hole 26YVRD015 illustrating observations of sulphides (%) and other mineral (%) of interest. These are estimations only based on visual observations. The widths are only downhole widths. (Note Cautionary notes on visual estimation of mineralisation P1 and P8 of this release) Hole ID From (m) To (m) Total Sulphide (%) Chalcopyrite (%) Pyrrhotite (%) Pyrite (%) Galena (%) Splalerite (%) stockworkyle Malachite (%) Native Copper (%) 26YVRD012 28 29 0.5 0.5 disseminated 26YVRD012 36 38 0.5 0.5 disseminated 26YVRD012 56 57 0.5 0.5 disseminated 26YVRD012 68 73 1 1 disseminated 26YVRD012 82 83 0.5 0.5 disseminated 26YVRD012 85 87 1 1 disseminated 26YVRD012 89 91 1 1 disseminated 26YVRD012 93 94 0.5 0.5 disseminated 26YVRD012 126 128 2 1 1 disseminated 26YVRD012 132 133 1.5 0.5 1 disseminated 26YVRD012 135 136 4 1 3 disseminated 26YVRD012 139 140 5 1 4 disseminated 26YVRD012 141 142 1.5 0.5 1 disseminated 26YVRD012 144 145 3 1 2 disseminated 26YVRD012 151 153 1.5 0.5 1 disseminated 26YVRD012 154 155 1.5 0.5 1 disseminated 26YVRD012 159 163 4 2 2 disseminated 26YVRD012 163 168 1 0.5 0.5 disseminated 26YVRD012 172 173 0.2 0.1 0.1 disseminated 26YVRD012 175 177 1 0.5 0.5 disseminated Page | 12 26YVRD012 183 185 1.5 0.5 1 disseminated 26YVRD012 187 189 1.5 0.5 1 disseminated 26YVRD012 193 194 2 1 1 disseminated 26YVRD012 200 201 0.6 0.1 0.5 disseminated 26YVRD012 207 208 0.2 0.1 0.1 disseminated 26YVRD012 222 223 1 0.5 0.5 disseminated 26YVRD012 230.9 231.05 2 2 disseminated 26YVRD012 231.25 231.5 2 2 disseminated 26YVRD012 232.2 232.4 2 2 disseminated 26YVRD012 244.4 245.3 1 1 disseminated 26YVRD012 246.1 246.6 1 1 disseminated 26YVRD012 248.45 248.75 5.5 0.5 5 disseminated 26YVRD012 250.45 251 5.5 0.5 5 disseminated 26YVRD012 252.05 252.25 1.75 0.5 1 0.25 disseminated 26YVRD012 256.55 257.05 10.5 0.5 10 disseminated 26YVRD012 259.4 259.55 11 0.5 10 0.5 disseminated 26YVRD012 259.95 260.05 2.5 0.5 2 disseminated 26YVRD012 262.7 262.85 2 0.5 0.5 1 disseminated 26YVRD012 266.05 266.15 1 1 disseminated 26YVRD012 266.75 267 5 5 disseminated 26YVRD012 268 268.22 1 0.5 0.5 disseminated 26YVRD012 268.4 268.55 2 2 disseminated 26YVRD012 269.75 270.85 2 2 disseminated 26YVRD012 270.85 271.1 6 1 5 disseminated 26YVRD012 271.1 271.2 2 2 disseminated 26YVRD012 271.2 272.2 6 1 5 disseminated 26YVRD012 272.2 272.75 2 2 disseminated 26YVRD012 272.75 272.95 5.5 5 0.5 disseminated 26YVRD012 272.95 273.15 1 1 disseminated 26YVRD012 273.5 273.8 5 5 disseminated Page | 13 26YVRD012 274.55 275.25 5 5 disseminated 26YVRD012 279.6 280.47 0.5 0.5 disseminated 26YVRD012 282.15 282.3 2 2 disseminated 26YVRD012 283.9 284.1 2 2 disseminated 26YVRD012 284.91 285.05 0.5 0.5 disseminated 26YVRD012 285.67 286.9 0.5 0.5 disseminated 26YVRD012 295.2 295.55 0.5 0.5 disseminated 26YVRD012 297.2 297.43 5 5 disseminated 26YVRD012 298.65 298.8 2 2 disseminated 26YVRD012 299.47 299.66 2 2 disseminated 26YVRD012 325.6 325.65 1 1 stockwork 26YVRD012 326.1 326.15 1 1 stockwork 26YVRD012 327.05 327.1 2 1 1 disseminated 26YVRD012 327.65 327.7 1 1 stockwork 26YVRD012 331.73 331.74 1 1 stockwork 26YVRD012 344.6 344.8 3 2 1 stockwork 26YVRD012 347 347.15 2 2 stockwork 26YVRD012 348.3 348.45 3 2 1 stockwork 26YVRD012 349.6 350.1 4 3 1 stockwork 26YVRD012 351.8 352.1 4 3 1 stockwork 26YVRD012 352.7 352.73 1 1 disseminated 26YVRD012 353 353.3 3 2 1 disseminated 26YVRD012 355.4 355.45 3 2 1 disseminated 26YVRD012 358.5 359 3 2 1 disseminated 26YVRD012 359.25 359.8 5 5 stockwork 26YVRD012 366.25 366.26 4 3 1 stockwork 26YVRD012 366.5 366.6 3 2 1 stockwork 26YVRD012 367.5 367.6 1 1 stockwork 26YVRD012 368.3 368.4 1 1 stockwork 26YVRD012 369.2 369.25 3 2 1 stockwork Page | 14 26YVRD012 369.65 369.7 1.5 1 0.5 stockwork 26YVRD012 370.7 370.9 4 3 1 stockwork 26YVRD012 371.25 371.3 4 3 1 stockwork 26YVRD012 371.8 372 1 1 stockwork 26YVRD012 372.75 372.9 3 1 2 stockwork 26YVRD012 373.75 373.85 2 1 1 stockwork 26YVRD012 374.25 374.4 5 4 1 stockwork 26YVRD012 374.95 375.05 4 3 1 stockwork 26YVRD012 375.25 375.3 4 2 2 stockwork 26YVRD012 376.3 376.4 2 1 1 stockwork 26YVRD012 377.18 377.28 4 2 2 stockwork 26YVRD012 381.2 381.3 2 1 1 stockwork 26YVRD012 382.5 382.55 2 1 1 stockwork 26YVRD012 384 384.5 7 5 2 stockwork 26YVRD012 387.95 388.05 4 2 2 stockwork 26YVRD012 388.25 388.35 1.5 1 0.5 stockwork 26YVRD012 388.95 389.1 4 3 1 stockwork 26YVRD012 389.7 389.9 4 3 1 stockwork 26YVRD012 391.59 391.65 1.5 1 0.5 stockwork 26YVRD012 392.09 392.2 1.5 1 0.5 stockwork 26YVRD012 392.43 392.6 1.5 1 0.5 stockwork 26YVRD012 394.49 394.66 1.5 1 0.5 disseminated 26YVRD012 403.34 403.44 1.5 1 0.5 stockwork 26YVRD012 404.84 405.18 1.5 1 0.5 stockwork 26YVRD012 406.68 406.8 3 2 1 stockwork 26YVRD012 418.22 418.37 5 5 disseminated 26YVRD012 419.02 419.25 6 1 5 disseminated 26YVRD012 419.75 420.1 5 5 disseminated 26YVRD012 420.72 421.02 0.5 0.5 disseminated 26YVRD012 421.22 421.35 5 5 disseminated Page | 15 26YVRD012 422.35 422.4 4 2 2 disseminated 26YVRD012 423.33 423.52 5.5 0.5 5 disseminated 26YVRD012 425.2 425.93 7 5 2 disseminated 26YVRD012 427.03 427.2 3 2 1 disseminated 26YVRD012 428.45 428.92 8 5 3 disseminated 26YVRD012 429.95 430.15 7 5 2 disseminated 26YVRD012 431.43 431.6 1 1 disseminated 26YVRD012 433.18 433.38 5 3 2 disseminated 26YVRD012 433.55 433.85 2 1 1 disseminated 26YVRD012 436.08 436.28 7 5 2 disseminated 26YVRD012 436.97 437.12 0.5 0.5 disseminated 26YVRD012 437.4 437.53 1.5 0.5 1 disseminated 26YVRD012 438.1 438.3 7 5 2 disseminated 26YVRD012 438.38 438.45 10 5 5 disseminated 26YVRD012 440.5 440.66 3 2 1 disseminated 26YVRD012 440.98 441.33 7 5 2 disseminated 26YVRD012 443.05 443.25 1 0.5 0.5 disseminated 26YVRD012 443.79 443.97 1.5 0.5 1 disseminated 26YVRD012 444.24 444.85 7 5 2 disseminated 26YVRD012 445.71 445.9 1.5 0.5 1 disseminated 26YVRD012 447.3 447.52 1.5 0.5 1 disseminated 26YVRD012 448 448.2 1 1 disseminated 26YVRD012 450.47 450.66 0.5 0.5 disseminated 26YVRD012 452.75 452.9 1.5 0.5 1 disseminated 26YVRD012 454 454.7 0.5 0.5 disseminated 26YVRD012 459.05 459.2 1 0.5 0.5 disseminated 26YVRD012 459.2 460 1 0.5 0.5 disseminated 26YVRD012 463.64 463.85 1 0.5 0.5 disseminated 26YVRD012 464.24 464.47 0.5 0.5 disseminated 26YVRD012 465.25 465.55 7 2 5 disseminated Page | 16 26YVRD012 466.97 467.18 1 0.5 0.5 disseminated 26YVRD012 469.98 470.2 4 2 2 disseminated 26YVRD012 470.7 470.94 2.5 0.5 2 disseminated 26YVRD012 475.4 475.9 45 40 5 semi-massive 26YVRD012 480.8 481.1 3 2 1 stockwork 26YVRD012 486.3 486.4 3 2 1 stockwork 26YVRD012 495.65 495.8 3 2 1 stockwork 26YVRD012 510.8 510.9 3 2 1 stockwork 26YVRD012 536.6 536.7 3 2 1 stockwork 26YVRD012 542.25 542.35 2 2 stockwork 26YVRD012 542.85 542.97 3 2 1 stockwork 26YVRD012 545.95 546.1 3 2 1 stockwork 26YVRD012 547.55 547.65 2 1 1 stockwork 26YVRD012 547.8 547.87 2 2 stockwork 26YVRD012 548.82 548.9 3 2 1 stockwork 26YVRD012 554.4 554.5 4 3 1 stockwork 26YVRD012 557.25 557.54 15 10 5 stockwork 26YVRD012 559.5 559.62 3 2 1 stockwork 26YVRD012 629.25 629.3 2 2 stockwork 26YVRD012 638.4 638.45 0.5 0.5 stockwork 26YVRD012 670.85 670.9 1 1 stockwork 26YVRD012 672.05 672.1 0.5 0.5 stockwork 26YVRD012 672.8 672.9 0.5 0.5 stockwork 26YVRD012 674.45 674.5 0.5 0.5 stockwork 26YVRD012 675.05 675.1 0.5 0.5 stockwork 26YVRD012 676 680.65 0.75 0.5 0.25 stockwork 26YVRD012 687.2 687.28 0.75 0.5 0.25 stockwork 26YVRD012 700.6 700.7 0.5 0.5 stockwork 26YVRD012 718.3 719.62 0.1 0.1 stockwork 26YVRD012 719.62 719.8 2 2 stockwork Page | 17 26YVRD012 725.65 725.68 0.1 0.1 stockwork 26YVRD012 728.05 728.08 0.1 0.1 stockwork 26YVRD012 728.4 728.45 0.1 0.1 stockwork 26YVRD015 9 16 0.5 0.5 disseminated 26YVRD015 16 17 2 2 disseminated 26YVRD015 17 23 1 1 disseminated 26YVRD015 23 24 2 2 disseminated 26YVRD015 24 61 0.5 0.5 disseminated 26YVRD015 61 67 1 1 disseminated 26YVRD015 67 146 0.25 0.25 disseminated 26YVRD015 146 147 2 2 disseminated 26YVRD015 147 159 0.25 0.25 disseminated 26YVRD015 159 178.5 0.25 0.25 disseminated 26YVRD015 178.5 181 1 1 disseminated 26YVRD015 181 190.45 0.5 0.5 disseminated 26YVRD015 190.45 192.5 0.5 0.5 disseminated 26YVRD015 192.5 193.65 1 1 disseminated 26YVRD015 193.65 201 0.5 0.5 disseminated 26YVRD015 201 201.3 1 1 disseminated 26YVRD015 201.3 215.3 0.5 0.5 disseminated 26YVRD015 215.3 215.7 1 1 disseminated 26YVRD015 215.7 231.13 0.5 0.5 disseminated 26YVRD015 231.13 231.17 2 2 disseminated 26YVRD015 231.17 264.3 0.5 0.5 disseminated 26YVRD015 264.3 264.7 0.5 0.5 disseminated 26YVRD015 264.7 275.5 0.5 0.5 disseminated 26YVRD015 275.5 276.7 1 1 disseminated 26YVRD015 276.7 276.95 2 2 disseminated 26YVRD015 276.95 300.75 2 2 disseminated 26YVRD015 300.75 309.5 0.5 0.5 disseminated Page | 18 26YVRD015 406.7 406.95 0.5 0.5 disseminated 26YVRD015 407.95 408.15 1 1 stockwork 26YVRD015 410.2 410.3 1 1 stockwork 26YVRD015 410.75 410.85 2 2 stockwork 26YVRD015 411.2 411.4 2 2 stockwork 26YVRD015 414.05 414.3 2 2 stockwork 26YVRD015 414.6 414.7 2 2 stockwork 26YVRD015 415.55 415.8 2 2 stockwork 26YVRD015 416.1 416.55 2 2 stockwork 26YVRD015 417.35 417.4 2 2 stockwork 26YVRD015 417.5 417.8 3 1 2 stockwork 26YVRD015 421.7 421.8 1 1 stockwork 26YVRD015 423.7 423.8 1 1 stockwork 26YVRD015 428.27 428.4 1 1 stockwork 26YVRD015 430.1 434.35 0.1 0.1 stockwork 26YVRD015 436.6 436.9 0.5 0.5 stockwork 26YVRD015 438.5 439.05 0.5 0.5 stockwork 26YVRD015 441.7 441.84 1 1 stockwork 26YVRD015 458.65 463.55 2 1 1 stockwork 26YVRD015 463.68 463.92 3 2 1 stockwork 26YVRD015 478.25 478.3 1 1 stockwork 26YVRD015 482.35 482.45 0.5 0.5 stockwork 26YVRD015 483.35 483.45 0.6 0.1 0.5 stockwork 26YVRD015 484.77 484.88 0.5 0.5 stockwork 26YVRD015 486.28 486.65 3 1 2 stockwork 26YVRD015 487.4 487.5 0.6 0.1 0.5 stockwork 26YVRD015 487.95 488.2 0.6 0.1 0.5 stockwork 26YVRD015 488.42 488.5 0.6 0.1 0.5 stockwork 26YVRD015 492.95 493.05 0.5 0.5 stockwork 26YVRD015 494.1 494.4 4 2 2 stockwork Page | 19 JORC Code, 2012 Edition – Table 1 report template Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling techniques  Nature and quality of sampling (eg cut channels, random chips, or specific 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.  No laboratory assay results are reported in this announcement. Reverse Circulation (RC) and Diamond Core (DDH) sampling and analytical results are pending. Accordingly, laboratory sample preparation and assay procedures are not material to the Exploration Results reported in this announcement. Drilling techniques  Drill type (eg core, reverse circulation, open-hole 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).  RC and DDH holes were drilled using a DE 710 Sandvik multi- purpose track-mounted rig with on board compressor comprising 350psi/ 1100cfm. It also contains an additional trailer mounted Air Research © booster rated at 500psi.  The RC holes are 5½ inches in diameter and the diamond hole is conventional NQ2 (50.6mm) in diameter.  Only diamond tails have been drilled with a standard tube and hole, 26YVRD012 started at 230.40m and 26YVRD015 at 158.40m.  All core has been orientated using an Axis © core orientation tool Page | 20 Criteria JORC Code explanation Commentary at the end of each 3m run (whilst using the 3m barrel), and later at 6m intervals when the drilling was modified to use a 6m barrel). These changes were implemented in consideration of the depth of hole 26YVRD012. Thid 6m configuration was similarly used in hole 26YVRD015.  Downhole surveys were routinely conducted with an Axis © Gyroscope Camera. Whilst drilling was underway, single shots were completed every 30m to track the drill string. After completion of drilling, a continuous survey is conducted with readings taken with the probe in both the down hole (in) and up hole (out) directions every 5m and averaged. Drill sample recovery  Method of recording and assessing core and chip sample recoveries and results assessed.  Measures taken to maximise sample recovery and ensure representative nature of the samples.  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.  RC sample recovery was visually assessed by bulk sample weight and volume and was consistent through the program.  The sample weights were visually checked for each of the A- samples (main green sample bag), B-sample (calico bag sample) and for the 4m composite sample.  The samples were taken from a cyclone with splitter. The A- sample was deposited into green bags directly from cyclone and a B-sample was split off the cyclone and placed into calico bags.  The 4m composite samples were collected with a spear with equal sample proportions from each of the individual 1m samples (A-samples in green bags), then placed into a calico bag of approximately 2.5-3.0 kg.  No relationship between sample recovery and grade is known at this stage. Logging  Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.  Whether logging is qualitative or quantitative in nature