Combined Annual Technical and expenditure report ending 4th May 2022 and estimated work cost for next 12 months.

Abstract

The sampling program was resumed approximately the 24th of May 2021. We set up base camp 7.4 kilometres North West of Moolooloo outstation. Only one access track is graded yearly into this area on the mid-Western side. Unfortunately the samples collected the previous year proved to be contaminated and had to be re-collected. This process consumed some time and was a setback to our projected time-frame. After this was achieved we concentrated our efforts on the North-Western corner of the lease. Once again this area is very rugged and most access had to be gained on foot. Access to some area's could not be gained due to remaining groundwater from the wet season and were accessed during the continuation of our sampling program in September later in the year. Due to poor mineralisation many area's were ruled out as non-productive and limited samples were taken from the area's identified as prospective. After assessment of the overall samples taken in this reporting period by our geological support team five were selected as warranting assay. Together with samples from the previous reporting period these have been submitted for assay but due to a backlog resulting from the Covid lockdowns we are still waiting on results. All up seven weeks were spent on the ground and due to the contamination of the previous year's samples and having to re-collect them we are not at this time on schedule with our projected timeframe. We are hoping to make up lost time this year but this will depend on access and undergrowth in the remaining portion of the lease.