Announcement PDF ASX Announcement 16 September 2024 29% Antimony Rock Chips Identified in Drake Project Review Extensive High-Grade Antimony-Gold (Sb-Au) Rock Chips over the Lunatic Field i Caledonian Reef: 29.2% Sb, 3.1g/t Au, 46g/t Ag (80/M179) Hugh & Jackson Reef: 20.4% Sb, 1.8g/t Au (80/M176), 15.8% Sb, 0.25g/t Au (62145) Deep Creek Sb Vein: 7.1% Sb, 0.55g/t Au (62147) Victoria Reefs: 39.0g/t Au, 4g/t Ag (113919), 7.7g/t Au, 7g/t Ag (113917) Collins Mine: 63.4g/t Au, 6g/t Ag (62140), 56g/t Au, 3g/t Ag (62141) Orange Tree: 5g/t Au, 3g/t Ag, 310ppm Sb (62143) New England Fold Belt - One of Australia’s Premier Antimony Provinces The Lunatic Field, within the Drake Project, hosts several occurrences of ‘Hillgrove style’ antimony-gold mineralisation. The Lunatic Field is located approximately 190km north of Larvotto Resources’ Hillgrove Mine (LRV: ASX), one of the top ten largest global antimony resources and Australia’s largest Sb deposit ii. Discovery Opportunity • There has been no drilling at Drake targeting antimony since 2006, when 19 shallow (<100m) and widespaced Reverse Circulation (RC) holes were drilled in the area to test the historic antimony workings. iii • Many drill holes intercepted previously mined areas (stopes), with reports indicating that the lode widths ranged up to 3m with a 2-3m mineralisation halo on either side of the main interpreted lode iv. • The antimony field covers an area of approximately 5km2 with historic reports indicating that some workings extend discontinuously for up to 1.6km (Lunatic Prospect and Johnson’s Prospect)iv. • These workings include open-cut trenching and shallow underground development to 86miv. Strategic and Critical Mineral Status Antimony is classified as a Critical Mineral by the USA and Australia and was recently subject to Chinese export restrictions, resulting in an increase in the antimony price to approximately circa USD$25,000/tii. Management comment – Legacy Minerals CEO & Managing Director Christopher Byrne said: “As we progress with our ongoing review of the Drake Project, the discovery potential continues to impress our exploration team. In addition to Drake’s more well-known copper, gold and silver prospects, these highgrade antimony and gold numbers from the Lunatic Field – up to 29.2% Sb and 63.4g/t Au – demonstrate an area of untested potential and exploration upside for the critical resource of antimony. “The pedigree of the New England Fold Belt to host significant antimony-gold resources is supported by the Hillgrove Mine, which is situated 190km to the south of the Lunatic Field. The Hillgrove mine is Australia’s largest antimony resource and among the 10th largest in the world. “We see this as another excellent discovery opportunity, with the last significant exploration and drilling having been conducted in 2006, when antimony prices were US$3,650/tonne. With China’s recent restriction on antimony exports and antimony’s critical role in high-technology equipment, this strategic mineral has become even more important now with prices rising recently to approximately $24,000/tonne. “Legacy Minerals continues to unpack the Drake Project and looks forward to providing further updates to our shareholders.” Page 1 of 16 | ABN 43 650 398 897 3/202 Russel Street Bathurst, 2795 www.legacyminerals.com.au ASX: LGM Page 2 of 16 Legacy Minerals Holdings Limited (ASX: LGM, “the Company” or “Legacy Minerals”) is pleased to advise that it has identified significant high-grade antimony mineralisation following the review of historical exploration at its 100%-owned Drake Project (EL6273, EL9616, and ELA6642) located in NSW, Australia. Drake Antimony Review The rock sample results include historical pre-1989 exploration results. The exploration activity was undertaken from 1980-1982 (pre-JORC) by Western Mining Company Ltd, individual licence holders and government geologists. As per ASX requirements for reporting pre-1989 historical data, LGM notes that the results (the Former Exploration Results) are not reported in accordance with the JORC Code 2012 as a competent person has not done sufficient work to disclose the exploration results in accordance with the JORC Code 2012. It is possible that, following further evaluation and/or exploration work, the confidence in the prior Former Exploration Results may be reduced when reported under the JORC Code 2012. While nothing has come to LGM's attention that questions the accuracy or reliability of the former exploration results, LGM has not independently validated them. Nevertheless, the levels of antimony reported in the Former Exploration Results are a key factor in guiding LGM’s exploration strategy regarding the Drake Projects. Proposed verification work includes further sampling, which LGM expects to undertake in 2024 using existing funds. Relevant original exploration reports can be found in the references section of this report. Figure 1: Lunatic Field, EL9616, with historical rock chip sampling and workings over solid geology interpretation. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 3 of 16 Figure 2: Drake Caldera and location of the Lunatic Field and other major prospects SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 4 of 16 Antimony Market Overview v 4F The global antimony market is currently experiencing a period of significant disruption driven by China's recent decision to impose export controls on antimony ore, metal, oxides and associated smelting and separation technologies commencing from 15 September 2024. Antimony is classified as a critical mineral by the UK, EU, US, Japan, and other key economies. Antimony's versatile applications span various industries, including its significant use in flame retardants, lead-acid batteries, glass manufacturing and as a critical alloy in ammunition. Its strategic importance extends to military applications such as infrared missile guidance systems, night vision equipment, and nuclear weapons – positioning it as a vital element in national security frameworks. As the world’s dominant producer, supplying nearly 50% of global antimony, China’s actions have tightened market conditions and pushed prices to recent highs of USD$25,000/mt basis 99.65% (Ingot) FOB China vi. These controls are expected to further increase market volatility and underscore the strategic importance of antimony, which is classified as a critical mineral by the UK, EU, US, Japan, and other key economies due to supply concentration risks. 5F Drake Exploration Plan A request has been made to the Geological Survey of New South Wales to have the Malachite Resources Ltd reports released pertaining to historic drilling conducted on the Lunatic Antimony Field. It is the Company’s understanding there has been no drilling at the project since 2006, when 19 RC holes were drilled by Malachite Resources Ltd in the area to test the historic antimony workings. vii Available reports state that many drill-holes stopes, indicating that the lode widths ranged up to 3m with a 2-3m mineralisation halo on either side of the main interpreted lode viii. The Company will incorporate this information, when made available, prior to drill testing. The Company has completed its initial phase of database compilation for the Drake Project, including all historical surface and drilling assays. Compilation is ongoing with regard to historical geological maps and mining activities. Historic geophysical surveys are also currently under review to assess the extent of the requirements for remodelling and interpretation. 6F 7F Based on the outcome of these reassessments of the historical geophysical surveys and a review of geochemical data, the Company will determine the need for any further geophysical or surface geochemistry prior to drill testing. Summary of the Drake Project Geology The Drake Project sits within the highly prospective New England Fold Belt, one of a number of epithermal gold, silver and base metal districts that formed along the east coast of Australia during the Permian age as back arc extensional volcanic basins. A number of major mines and deposits occur within the NEFB, including the Hillgrove Mine (1.0Moz Au, 93kt Sbii), Cracow gold mine (2.5Moz Au @ 4.97g/t) ix, Mt Carlton gold mine (1.2Moz Au, 12Moz Ag) x, Mt Rawdon gold mine (2.5Moz Au xi), and Mt Morgan (8Moz Au xii). 8F 9F 10F 1F The Lunatic Field lies along a north-south zone about midway between the Demon Fault and the western margin of the Clarence Moreton Basin and may be structurally related to either of these features. The Lunatic Field comprises a western belt of antimony and eastern belt of gold deposits with mineralised veins hosted by Emu Creek Formation sediments and at Ottos lode (Pretty Gully) by Jenny Lind Granite. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 5 of 16 The Drake epithermal deposits are hosted by the Drake Volcanics, a NW-trending 60km x 10km Permian bimodal volcano-sedimentary sequence within the Wandsworth Volcanic Group near the north-eastern margins of the Southern New England Fold Belt. The Drake Volcanics overlies or is structurally bounded by the Carboniferous Early Permian sedimentary Emu Creek Formation to the east and bounded by the Demon Fault and Early Triassic Stanthorpe Monzogranite pluton to the west. The sequence is largely dominated by andesite and equivalent volcaniclastics, however basaltic through to rhyolitic facies stratigraphic sequences are present, with numerous contemporaneous andesite to rhyolite sub-volcanic units intruding the sequence. The Razorback Creek Mudstone underlies the Drake Volcanics to the east, and Gilgurry Mudstone conformably overlies the Drake Volcanic sequence. In addition, Permian and Triassic granitoid plutons and associated igneous bodies intrude the area, several associated with small scale intrusion-related mineralisation xiii. 12F The Drake Volcanic sequence and associated intrusive rocks are host and interpreted source to the volcanogenic epithermal Au-Ag-Cu-Pb-Zn mineralisation developed at Mt Carrington. The majority of the Drake Volcanics and associated mineralisation are centred within a large-scale circular caldera with a low magnetic signature which is 20km diameter. Previous exploration is limited to regional geophysics and surface geochemical sampling including stream sediment sampling, rock chip sampling, soil sampling and drill testing. The Project is centred on a poorly understood but regionally important, low-sulphidation, epithermal, gold, silver, zinc and copper mineralised system. The Porgera Goldfield provides a good analogy to Drake in that gold-silver associated with galenasphalerite forms marginal to felsic-intermediate domes, although in different host rocks. Many recent discoveries feature settings where veins occur only in competent host rocks which have fractured well but are obscured by overlying incompetent host rocks (El Penon, Chile; Palmarejo, Mexico; Hishikari, Japan). Major structures which might be considered include the NS corridor at Red Rock North and another NS major break in the gravity data at the southern caldera margin xiv. 13F Figure 3: Location of the Drake Project in the New England Fold Belt with significant mineral deposits. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 6 of 16 Approved by the Board of Legacy Minerals Holdings Limited. For more information: Investors: Chris Byrne CEO & Managing Director chris.byrne@legacyminerals.com.au +61 (0) 499 527 547 Media: Nicholas Read Read Corporate nicholas@readcorporate.com.au +61 (0) 419 929 046 DISCLAIMER AND PREVIOUSLY REPORTED INFORMATION Information in this announcement is extracted from reports lodged as market announcements referred to above and available on the Company’s website https://legacyminerals.com.au/. The Company confirms that it is not aware of any new information that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. This announcement contains certain forward-looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside of the control of Legacy Minerals Holdings Limited (LGM). These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay, approvals and cost estimates. Actual values, results or events may be materially different to those contained in this announcement. Given these uncertainties, readers are cautioned not to place reliance on forward-looking statements. Any forward-looking statements in this announcement reflect the views of LGM only at the date of this announcement. Subject to any continuing obligations under applicable laws and ASX Listing Rules, LGM does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement to reflect changes in events, conditions or circumstances on which any forward-looking statements is based. COMPETENT PERSON’S STATEMENT The information in this Report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Thomas Wall, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr Wall is the Technical Director and a full-time employee of Legacy Minerals Pty Limited, the Company’s wholly-owned subsidiary, and a shareholder of the Company. Mr Wall has sufficient experience that is 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. Mr Wall consents to the inclusion of the matters based on this information in the form and context in which it appears in this announcement. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 7 of 16 About Legacy Minerals Legacy Minerals is an ASX listed public company that has been involved in the acquisition and exploration of gold, copper, and base-metal projects in NSW since 2017. The Company has eight projects that present significant discovery opportunities for shareholders. 0BAu-Ag Black Range (EL9464, EL9589) Extensive low-sulphidation, epithermal system with limited historical exploration. Epithermal occurrences across 30km of strike. 1BCu-Au Drake (EL6273, EL9616, ELA6642) Large caldera (~150km2) with similar geological characteristics to other major pacific rim low-sulphidation deposits. 2BCu-Au Rockley (EL8926) 3B Au-Cu (Pb-Zn) Cobar (EL9511) Helix JV Prospective for porphyry Cu-Au and situated in the Macquarie Arc Ordovician host rocks with historic highgrade copper mines that graded up to 23% Cu. Undrilled targets next door to the Peak Gold Mines. Several priority geophysical anomalies and gold in lag up to 1.55g/t Au. Au-Ag Bauloora (EL8994, EL9464) Newmont JV One of NSW’s largest low-sulphidation, epithermal systems with a 27km2 epithermal vein field. Cu-Au Glenlogan (EL9614) S2 Resources JV Large, undrilled magnetic anomaly underneath Silurian cover located 55kms from Cadia Valley. 6B Au Harden (EL9657) Large historical high-grade quartz-vein gold mineralisation. Drilling includes 3.6m at 21.7g/t Au 116m and 2m at 17.17g/t Au from 111m. Au-Cu Fontenoy (EL8995) Earth AI Alliance An 8km long zone of Au and Cu anomalism defined in soil sampling and drilling. Significant drill intercepts include 79m at 0.27% Cu from 1.5m. 4BCCu-Au Thomson (EL9190, EL9194, ELA6777) Prospective for intrusion-related gold and copper systems the project contains numerous ‘bullseye’ magnetic and gravity anomalies that remain untested. Figure 4: Location of Legacy Minerals’ Projects in NSW, Australia xv 14F SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 8 of 16 Appendix 1 - Highlight Rock Chip Results Table 1: Highlight Rock Chip Results (AGD66/z56) Sample ID Easting Northing Au ppm Ag ppm Sb ppm 80/M179 443889 6810410 3.1 46 292,000 500 1000 80/M176 442100 6809400 1.8 <1 204,000 80 50 62145 442100 6809400 0.25 3 158,000 200 60 62147 442400 6808600 0.55 <1 71,000 22 28 62140 443840 6808800 63.4 6 2,100 32 120 62143 443900 6809500 5 3 310 26 18 62141 443840 6808800 56 3 180 46 26 113919 443400 6806950 39 4 No assay. 130 50 113917 443400 6806950 7.7 7 120 160 Cu ppm Pb ppm No assay. Stibnite logged. Appendix 2 – Drake Project Mineral Resource Table 2: Mineral Resource Estimate on EL6273 and ELA6642 as of 26 March 2024. Deposit Resource Classification Indicated (JORC 2012) Strauss Inferred (JORC 2012) Indicated (JORC 2012) Kylo Inferred (JORC 2012) Sub-Total Inferred (JORC Red Rock 2004) Inferred (JORC Guy Bell 2004) Sub-Total Lady Hampden White Rock White Rock North Indicated (JORC 2004) Inferred (JORC 2004) Indicated (JORC 2004) Inferred (JORC 2004) Inferred (JORC 2004) Grade Au Ag (g/t) (g/t) Au (koz) Metal Ag Zn (koz) (kt) Zn (%) Cu (%) Cu (kt) 2.2 1.48 1.74 0.49 0.08 105 123 10.7 1.7 1.36 0.69 1.81 0.33 0.06 30 79 4.4 0.9 2.14 1.25 1.35 0.19 0.04 86 93 4.1 0.8 0.3 0.41 1.17 0.18 0.05 4 11 0.5 0.1 6 1.17 1.59 0.33 0.06 225 306 19.8 3.5 1.63 1.6 2.2 54 182 0.16 2.5 4.9 13 24 1.79 1.2 3.6 67 206 1.84 0.6 69 37 4056 2.47 0.3 51 27 4023 Tonnes (Mt) 1.71 77 4214 2.66 47 3978 3.18 52 5314 SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 9 of 16 Inferred (JORC 2004) Sub-Total 8.95 Total (JORC 2012 + JORC 2004) 16.74 Silver King 0.64 59 0.1 51 1218 64 22803 356 23315 The Strauss and Kylo Mineral Resources have been estimated using a gold cut-off of 0.3g/t Au and 25g/t Ag, 0.1% Cu, 0.1% Pb, and 0.1% Zn. The Guy Bell Mineral Resource has been estimated using a cut-off of 0.5g/t Au and Red Rock has been estimated using a 0.7g/t Au cut-off. Silver dominant Mineral Resources (Lady Hampden, White Rock, White Rock North, and Silver King) have been estimated using a cut-off of 25g/t Ag. The Red Rock, Guy Bell, Lady Hampden, White Rock, White Rock North, and Silver King Mineral Resources was prepared and reported in accordance with the JORC Code (2004). The Resources figures have not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Appendix 3 – JORC Code, 2021 Edition Table 1 Section 1 Sampling Techniques and Data Criteria Sampling Techniques Drilling techniques JORC Code Explanation Commentary Nature and quality of sampling (e.g., 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. All results are historical in nature. No sampling by LGM has been conducted on the tenement. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. All results are historical in nature. No sampling by LGM has been conducted on the tenement. 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 (e.g. ‘reverse circulation drilling was used to obtain 1m 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 (e.g., submarine nodules) may warrant disclosure of detailed information. All results are historical in nature. No sampling by LGM has been conducted on the tenement. Drill type (e.g., core, reverse circulation, open‐hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diametre, triple or standard tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, by what method, etc). No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 10 of 16 Drill sample recovery Logging Sub‐sampling techniques and sample preparation Method of recording and assessing core and chip sample recoveries and results assessed. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Measures taken to maximise sample recovery and ensure representative nature of the samples. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. 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. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. 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. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. The total length and percentage of the relevant intersections logged. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. If core, whether cut or sawn and whether quarter, half or all core taken. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. If non‐core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. For all sample types, the nature, quality and appropriateness of the sample preparation technique. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Quality control procedures adopted for all subsampling stages to maximise representivity of samples. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. 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. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 11 of 16 Whether sample sizes are appropriate to the grain size of the material being sampled. The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Quality of assay data and laboratory tests Verification of sampling and assaying For geophysical tools, spectrometres, handheld XRF instruments, etc, the parametres used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. All results are historical in nature. No sampling by LGM has been conducted on the tenement. The verification of significant intersections by either independent or alternative company personnel. All results are historical in nature. No sampling by LGM has been conducted on the tenement. The use of twinned holes. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. All available raw data is publicly available data and copies are kept by Legacy Minerals Holdings Ltd. Discuss any adjustment to assay data. Accuracy and quality of surveys used to locate drill holes (collar and down‐hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Location of data points All results are historical in nature. No sampling by LGM has been conducted on the tenement. All results are historical in nature. No sampling by LGM has been conducted on the tenement. Historical data: Specification of the grid system used. Quality and adequacy of topographic control. Data spacing for reporting of Exploration Results. Data spacing and distribution No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. No geophysical surveying by LGM has been conducted on the tenements. Historical geophysical surveys have been conducted across the project area, the verification and validation of these data sets is ongoing. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and All data was collected and recorded in AGD66 zone 56. The location of the surveys is considered to be adequately established and consistent with industry standards. Using government data topography and 2017 DTM data. A topographic surface has been created using this elevation data. All results are historical in nature. No sampling by LGM has been conducted on the tenement. All results are historical in nature. No sampling by LGM has been conducted on the tenement. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 12 of 16 classifications applied. Whether sample compositing has been applied. Orientation of data in relation to geological structure Sample security Audits or reviews Whether sample compositing has been applied. No compositing has been applied to the exploration results. Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. All geophysical data was orientated perpendicular to known stratigraphy. 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. All results are historical in nature. No sampling by LGM has been conducted on the tenement. The measures taken to ensure sample security. All results are historical in nature. No sampling by LGM has been conducted on the tenement. The results of any audits or reviews of sampling techniques and data. No audits of sampling techniques and data have been completed. External reviews of QAQC data have not identified any significant issues regarding a review of procedures relating to sampling techniques. Section 2 Reporting of Exploration Results (Criteria in this section apply to all succeeding section) Criteria JORC Code Explanation Mineral Tenement and Land Status Type, name/reference number, location and ownership including agreements or material issues with third parties including joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Exploration Done by Other Parties Geology Acknowledgment and appraisal of exploration by other parties. Deposit type, geological setting and style of mineralisation