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1 14 July 2021 – Noosa Conference Hunting for Big Deposits in Big Country Investor Presentation Gold and Copper Exploration Alaska and Australia

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Page 1: 14 July 2021 –Noosa Conference Hunting for Big Deposits in ......2021/07/14  · RAB drilling program 1400m traverse •Drilling completed April 2021 •Targeting outcropping Fort

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14 July 2021 – Noosa Conference

Hunting for Big Deposits in Big Country Investor PresentationGold and Copper Exploration Alaska and Australia

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PROJECTS

Assets all in Top 10 ranked mining jurisdictions

The voracious appetite for copper, cobalt, nickel, aluminium and other battery metals required to convert the world from fossil fuels to green electrical alternatives is now a short-medium and long term reality.

Global uncertainty and volatility retain gold’s attractiveness

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COMPANY OVERVIEW

July 2021 Capital Structure ASX:RML (share price $0.025)

Market Capitalisation / Share Price $11m / $0.025

Ordinary Shares 448m

Top 20 Shareholders ~31%

Cash 31 March 2021 Quarterly Report $3.1m

Total Number of Shareholders ~2400

Options ($0.042/sh, 15/04/22) 59m

Options ($0.10/sh, 30/6/22) Listed RMLOA 6.1m

Options ($0.12/sh, 30/9/23) Listed RMLOB 75m

Options ($0.25/sh, 6/9/21) 5.8m

Options ($0.08/$0.10/sh, 30/11/22) - escalating price / year 13.4m

Unlisted rights (m) – (to Board and Management) 11.4m

Performance Shares - Class A & B (m) (IPO Vendor milestones on Wollogorang, 6/9/2022) 13.2m

Duncan Chessell - Managing Director BSc, MAIG, MAusIMM, GAICDGeologist, 20+ years experience in business and oil, gas, precious and battery metals exploration and project generation in Australia and Papua New Guinea. Triple Mt Everest summiteer, and currently Non-Executive Director of The Outdoor Education Group.

Craig Farrow – Chair Non-Executive; Chartered Accountant with a strong commercial acumen across multi sectors including agriculture, professional services and technology. Previous Directorships include VocusGroup (ASX:VOC) amongst others.

Andrew Shearer - Director Non-Executive; Geophysicist with a technical and corporate background as a resource analyst. Non-Executive Director of Andromeda Metals (ASX:ADN) and Investigator Resources (ASX:IVR).

Christine Lawley - Exploration Manager BSc(Hons), MSc, RPGeo, MAIG, MAusIMMChristine has 15 years’ mineral exploration experience in gold, base and strategic metals with Newmont, Musgrave Minerals and Iluka and holds a Masters Degree in Ore Deposit Geology.

Rebecca Gower – VP Exploration Alaska BSc, MSc, MSEG, MAusIMMRebecca has 15 years’ mineral exploration in Alaska, South America and Australia in precious and base metals including 8 years gold and nickel exploration in Australia. Based in Fairbanks Alaska, Rebecca manages the 64North and Snettisham Projects.

Kelvin Blundell - Consulting GeophysicistSandfire’s consulting geophysicist for the significant DeGrussa Cu-Au massive-sulphide discovery and recent success with Musgrave Minerals, Kelvin has 20 years experience internationally having worked on projects in Australia, Canada and Africa in precious and base metals.

Resolution Minerals Ltd (RML) is a junior mineral explorer with projects prospective for in-demand commodities gold, copper and other battery metals. RML believes the largest short and medium term value creation for shareholders is through discovery success.

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ALASKA TINTINA GOLD PROVINCE – GIANT GOLD DEPOSITS!

Deposit sizes stated as Endowment (Resources & Reserves + Historic Production), from Company websites, as listed on disclaimer slide

The 64North Project – Alaska• Drill tested 2 potential GIANT size gold

prospects in 2021: Sunrise and East Pogo

• 672km2 surrounding the 11M oz Au Pogo Gold Mine owned by Northern Star (ASX:NST)

• 30% interest achieved with right to earn a:• 42% intertest further US$0.9m spend (6 months)• 51% interest further US$2.35m (1.5 years) then JV or• 60% interest further US$2.35m (2.5 years).

• In 2020 built a strong pipeline of 30 prospects and acquired new geophysical data sets and built jurisdictional expertise.

• Operational control of project in 2021

Assays pending on the East Pogo Prospect: - seven (7) quartz veins up to 4.6m thick were intersected in five (5) of 12 holes in recently completed RC drilling program. Results due ~ early August.

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64NORTH PROJECT - ALASKA

Two styles of gold mineralisation targeted on the 64North Project• Pogo style - East Pogo• Fort Knox style - Sunrise Prospect

30 Prospects ranked on 64North Project#1 East Pogo#2 Sunrise / West Pogo

The Right Ingredients þ Right Geology – Granitic Intrusions, age

80-102 Ma, main mineralizing engine room present throughout Tintina Gold Province

þ Brown fields – next to Pogo Gold Mine þ Same rocks as Pogo Mineþ Large structures – potential fluid pathways

identified in geophysics surveysþ Geophysics – ZTEM and CSAMT surveys

indicate geophysical “look-a-likes” of Goodpaster & Pogo Mine @ East Pogo

þ Large intrusive granites identified in geophysics at Sunrise / West Pogo Prospect – potential Fort Knox style

Historic Exploration Database US$15 million in expenditure 1998-2012 • ~40,000 Surface Samples• 11,434 m of NQ core drilling • Airborne Magnetics & EM

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64NORTH PROJECT: RECENT DRILLING COMPLETED

Heli-supported RC drilling program completed end of June 2021 – assays pendingTargeting Pogo-style gold mineralisation derived from extensive geophysical surveys in 2020, on the Pogo trend.

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64NORTH PROJECT: EAST POGO PROSPECT

East Pogo drilling visual results• Seven quartz veins up to

4.6m thick were intersected in five (5) of 12 holes

• Assays pending ~ 3 weeks

Hole ID From (ft) To (ft) From (m) To (m) Interval (m) QTZ Vein Au g/t21EP001 260 275 79.2 83.8 4.6

Quartz veins only

Assays pending

Visual results only

21EP002 205 210 62.5 64.0 1.521EP007 460 475 140.2 144.8 4.621EP011 450 455 137.2 138.7 1.521EP011 530 535 161.5 163.1 1.521EP011 600 605 182.9 184.4 1.521EP012 315 330 96.0 100.6 4.6

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64NORTH: SUNRISE PROSPECT

RAB drilling program 1400m traverse• Drilling completed April 2021• Targeting outcropping Fort Knox style mineral system to

test scale - highlighted in 2020 trenching program• Using existing RML tracks, next to Pogo Mine Road - all

year accessFort Knox Mine Fairbanks, produced 237,925oz Au 2020*• 0.1g/t Au cut off grade, US$1,054 oz/Au Production costDrilling Results• Confirm the presence of thick intervals of Fort Knox

style mineralisation in a 280m wide gold mineralised corridor open at depth and to the north and south

• Hole: 21SU009• 74.7m @ 0.26 g/t Au (entire hole) from surface

• Hole: 21SU007• 36.6m @ 0.33 g/t Au from surface

RAB drilling completed April Sunrise Prospect 64North Project AlaskaIllustrative 3D diagram: gold soil anomaly target

Other potential Fort Knox style intrusive targets have now been recognised near the Pogo Mine road, proximal to the Sunrise Prospect. Ground appraisal of the Sunrise Prospect and surrounding prospects is underway. Further drilling, trenching and geophysics are under consideration.

*annual report 2020 www.kinross.com

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NORTHERN TERRITORY BATTERY METAL PROJECTS

Wollogorang Project (Cu, Co, U)• 40 conductors identified in recent VTEM geophysical survey

highlighting the sediment hosted copper potential of the project • Drill targets at the Gregjo Copper Prospect to test chargeable IP

geophysical anomaly underlying copper mineralisation intersected in shallow RAB drilling - up to 4% Cu

• Covering 3825km2 in the McArthur Basin prospective for sedimentary hosted battery metals: copper, cobalt and prospective for hard rock uranium. 100% owned

• Stanton Cobalt Deposit (942kt @ 0.13% Co, 0.06% Ni, 0.12% Cu)

• Wollogorang is positioned on Geoscience Australia’s newly identified base metal corridor - (Hoggard et al 2020)

• Previous exploration focussed on discrete breccia pipes, which demonstrated the presence of copper and cobalt in the system. However, these breccia pipes were not of sufficient scale to warrant further attention on RML’s tenements. Resolution’s new approach is to use modern VTEM geophysics to identify large scale sediment-hosted stratiform copper mineralisation in reductive host rocks / “trap sites”

Benmara Project (option to acquire100%)• Complementary to Wollogorang covering 663km2 along-strike from the Walford

Creek Cu-Ag-Pb-Zn-Co and Westmoreland U Deposits on the Fish River Fault• Anomalous Copper-Silver-Lead-Zinc in surface geochem, potential for IOCG

and Uranium

Major and mid-tier companies exploring in the region include South32, Rio Tinto, BHP, Newcrest and OZ Minerals and world class deposits in production e.g.McArthur River Mine

Wollogorang Project

Benmara Project

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THE WOLLOGORANG PROJECT – COPPER POTENTIAL

Sediment-hosted stratiform copper potential • Pre-liminary results from a recent VTEM geophysics survey

identified 40 conductors highlighting the copper potential of the Wollogorang Project, NT.

• VTEM surveys can detect sub-surface conductive bodies to 400m such as massive base metal sulfides directly and other potential trap sites for base metals.

• Prioritisation of drilling targets with modelling of VTEM results is underway.

• Drilling is planned for late August on VTEM targets and the Gregjo Prospect, rescheduled to allow for extra track preparation and permitting, (subject to rig availability).

Priority # Targets Comments1 4 Strong late-time anomaly or discrete mid-time anomaly

2 13 Good mid-time to late-time anomaly indicative of a bedrock source

3 23 Moderate mid-time anomaly indicative of as bedrock source

Dozens of targets untested by

previous drilling

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THE WOLLOGORANG PROJECT: DRILL TARGETS

Stanton Cobalt Deposit

*See ASX announcement 9/4/2018 (ASX:N27) for Company JORC (2012) resource statement.

Stanton Cobalt Deposit*Total Mineral Resource Estimate 942,000t @ 0.13% Co, 0.06% Ni and 0.12% Cu

Gregjo Prospect (Cu) - to be drill tested in 2021• Regional scale fault - source of metal rich fluids• 800m x 200m Cu zone identified in shallow drilling• Open along-strike to SE and NW• Flat lying favourable sedimentary host rocks • UNTESTED chargeable (IP) geophysics anomaly 60m depth

to top of target (below 30m deep RAB drilling)• Indicative drill intersection 7m @ 1.23% Cu from 4m

(18RAB13); Including 1m @ 4.2% Cu in RAB drilling

Running Creek Prospect (Cu-Co)• Chargeable (IP) geophysics anomaly untested• Indicative drill intersection: 55m @ 0.78% Cu from 1m

(18RAB102) - including 33m @ 1.1% Cu from 11m.

2021 VTEM Geophysics Survey identified dozens of new targets • Underexplored terrain• Lack of previous drilling

2021

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WOLLOGORANG PROJECT: GREGJO PROSPECT

open

Chargeable IP anomaly

untested by drilling

background image: TMI Magnetics

ü Regional scale fault - source of metal rich fluidsü 800m x 200m Cu zone identified in shallow drillingü Open along-strike to SE and NWü Flat lying favourable sedimentary host rocks ü UNTESTED chargeable (IP) geophysics anomaly

60m depth to top of target (sits below RAB drilling)

open

Large Chargeable IP anomaly sits below shallow RAB drilling.18RAB013: (2018 Co program)7m @ 1.23% Cu including• 1m @ 4.24% Cu

Secti

on 1

Shallow Cu mineralised RAB holes to 30m depth

did not test deeper chargeable IP anomaly

Historic holes 1995 CRA

>0.3% Cu

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2021 EXPLORATION STRATEGY AND NEWS FLOW

Goals for 2021 – Test three of Resolution’s best existing prospects1. Drill test highest priority gold (2) and copper (1) drill ready prospects in Alaska & Northern Territory 2. Generate further drill targets on Northern Territory projects – e.g. VTEM geophysics surveys3. Provide significant news flow to investors, maximise $ in the ground, diligent on ground work and targeting

Then: >>> Focus further drilling on the best opportunity to add shareholder value - based on results

assay results

Assays Pending

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Authorised for release by Duncan Chessell Managing Director Resolution Minerals Ltd ASX:RML

Contact Details+61 414 804 055 (direct)[email protected] 4, 29-31 King William StreetAdelaide SA 5000, AUSTRALIAwww.resolutionminerals.com

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APPENDIX TECHNICAL /DETAILS

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64NORTH: EAST POGO SHALLOW HIGH GRADE GOLD TARGETS

• Extensive RML geophysics surveys (US$400K) in 2020 (ground-based CSAMT, airborne ZTEM and MAG surveys) identified compelling drill targets for summer 2021 season

• Combined Historic Data review with on ground mapping• Identification of a low angle shear Pogo-style targets

within range of low cost RAB drilling• RC program ~12 holes (50-194m depth) were completed

to evaluate the potential of East Pogo to host high-grade gold mineralisation near surface.

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64North Project: 30% Interest in 64North Project

Stage RML US$ CASH SPEND

% Earn in RML

RML Shares to Millrock

Stage Completion

Fee US$

Due Date*

Year 2 $0.9m 42% - $100,000 31/1/2022Year 3 $2.35m 51% 10m $100,000 31/1/2023

Right to form JV on co-funding basis or continue to earn-in

Project Interest DetailsBenmara 0% Right to purchase 100% for AUD$250k cash or scrip until 14/12/21

Wollogorang 100% IPO Asset 2017, 12.9m Resource (JORC 2012) Milestone Performance Shares Expire 6/9/22

Snettisham 100% 1m Milestone Shares on Resource (JORC 2012) definition or retain claims as on 17/12/21

Year 4 $2.35m 60% 10m $100,000 31/1/2024

First right of refusal over vendor interest (Millrock Resources). Vendor (Millrock Resources) is a project generator listed on the TSXV: MROPathway to 80% on one “best Block” of 9 blocks, by loan carrying vendor to first production.Minor NSR royalties to historic prospectors range from 0% to maximum 1.5% on certain areas with buy downs.*One off 6 month “grace period” can extend in any one due date by 6 months. i.e. Year 2 would become 31/7/2022. – see ASX:RML Announcement 9 February 2021 for more details.

PROJECT OWNERSHIP SUMMARY

- Year 2 US$0.9m spend exceeded- Overspend carried to Year 3

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T h i s p r e s e n t a t i o n h a s b e e n p r e p a r e d b y R e s o l u t i o n M i n e r a l s L t d ( R e s o l u t i o n ) . T h i s d o c u m e n t c o n t a i n s b a c k g r o u n d

i n f o r m a t i o n a b o u t R e s o l u t i o n c u r r e n t a t t h e d a t e o f t h i s p r e s e n t a t i o n . T h e p r e s e n t a t i o n i s i n s u m m a r y f o r m a n d d o e s

n o t p u r p o r t t o b e a l l i n c l u s i v e o r c o m p l e t e . R e c i p i e n t s s h o u l d c o n d u c t t h e i r o w n i n v e s t i g a t i o n s a n d p e r f o r m t h e i r o w n

a n a l y s i s i n o r d e r t o s a t i s f y t h e m s e l v e s a s t o t h e a c c u r a c y a n d c o m p l e t e n e s s o f t h e i n f o r m a t i o n , s t a t e m e n t s a n d

o p i n i o n s c o n t a i n e d i n t h i s p r e s e n t a t i o n . T h i s p r e s e n t a t i o n i s f o r i n f o r m a t i o n p u r p o s e s o n l y . N e i t h e r t h i s p r e s e n t a t i o n

n o r t h e i n f o r m a t i o n c o n t a i n e d i n i t c o n s t i t u t e s a n o f f e r , i n v i t a t i o n , s o l i c i t a t i o n o r r e c o m m e n d a t i o n i n r e l a t i o n t o t h e

p u r c h a s e o r s a l e s o f s h a r e s o r o t h e r s e c u r i t i e s i n a n y j u r i s d i c t i o n . T h i s p r e s e n t a t i o n i s n o t a p r o s p e c t u s , p r o d u c t

d i s c l o s u r e s t a t e m e n t o r o t h e r o f f e r i n g d o c u m e n t u n d e r A u s t r a l i a n l a w ( a n d w i l l n o t b e l o d g e d w i t h t h e A u s t r a l i a n

S e c u r i t i e s a n d I n v e s t m e n t s C o m m i s s i o n ( A S I C ) ) o r a n y o t h e r l a w . T h i s p r e s e n t a t i o n d o e s n o t c o n s t i t u t e i n v e s t m e n t o r

f i n a n c i a l p r o d u c t a d v i c e ( n o r t a x , a c c o u n t i n g o r l e g a l a d v i c e ) a n d h a s b e e n p r e p a r e d w i t h o u t t a k i n g i n t o a c c o u n t t h e

r e c i p i e n t ’ s i n v e s t m e n t o b j e c t i v e s , f i n a n c i a l c i r c u m s t a n c e s o r p a r t i c u l a r n e e d s a n d t h e o p i n i o n s a n d r e c o m m e n d a t i o n s

i n t h i s p r e s e n t a t i o n a r e n o t i n t e n d e d t o r e p r e s e n t r e c o m m e n d a t i o n s o f p a r t i c u l a r i n v e s t m e n t s t o p a r t i c u l a r p e r s o n s .

R e c i p i e n t s s h o u l d s e e k p r o f e s s i o n a l a d v i c e w h e n d e c i d i n g i f a n i n v e s t m e n t i s a p p r o p r i a t e . A l l s e c u r i t i e s i n v o l v e r i s k s

w h i c h i n c l u d e ( a m o n g o t h e r s ) t h e r i s k o f a d v e r s e o r u n a n t i c i p a t e d m a r k e t , f i n a n c i a l o r p o l i t i c a l d e v e l o p m e n t s . T o t h e

f u l l e s t e x t e n t p e r m i t t e d b y l a w , R e s o l u t i o n , i t s o f f i c e r s , e m p l o y e e s , a g e n t s a n d a d v i s o r s d o n o t m a k e a n y

r e p r e s e n t a t i o n o r w a r r a n t y , e x p r e s s o r i m p l i e d , a s t o t h e c u r r e n c y , a c c u r a c y , r e l i a b i l i t y o r c o m p l e t e n e s s o f a n y

i n f o r m a t i o n , s t a t e m e n t s , o p i n i o n s , e s t i m a t e s , f o r e c a s t s o r o t h e r r e p r e s e n t a t i o n s c o n t a i n e d i n t h i s p r e s e n t a t i o n . N o

r e s p o n s i b i l i t y f o r a n y e r r o r s o r o m i s s i o n s f r o m t h i s p r e s e n t a t i o n a r i s i n g o u t o f n e g l i g e n c e o r o t h e r w i s e a r e a c c e p t e d .

T h i s p r e s e n t a t i o n m a y i n c l u d e f o r w a r d - l o o k i n g s t a t e m e n t s . F o r w a r d - l o o k i n g s t a t e m e n t s a r e o n l y p r e d i c t i o n s a n d a r e

s u b j e c t t o r i s k s , u n c e r t a i n t i e s a n d a s s u m p t i o n s w h i c h a r e o u t s i d e t h e c o n t r o l o f R e s o l u t i o n . A c t u a l v a l u e s , r e s u l t s o r

e v e n t s m a y b e m a t e r i a l l y d i f f e r e n t t o t h o s e e x p r e s s e d o r i m p l i e d i n t h i s p r e s e n t a t i o n . G i v e n t h e s e u n c e r t a i n t i e s ,

r e c i p i e n t s a r e c a u t i o n e d n o t t o p l a c e r e l i a n c e o n f o r w a r d l o o k i n g s t a t e m e n t s . A n y f o r w a r d - l o o k i n g s t a t e m e n t s i n t h i s

p r e s e n t a t i o n s p e a k o n l y a t t h e d a t e o f i s s u e o f t h i s p r e s e n t a t i o n . S u b j e c t t o a n y c o n t i n u i n g o b l i g a t i o n s u n d e r

a p p l i c a b l e l a w , R e s o l u t i o n d o e s n o t u n d e r t a k e a n y o b l i g a t i o n t o u p d a t e o r r e v i s e a n y i n f o r m a t i o n o r a n y o f t h e

f o r w a r d - l o o k i n g s t a t e m e n t s i n t h i s p r e s e n t a t i o n o r a n y c h a n g e s i n e v e n t s , c o n d i t i o n s , o r c i r c u m s t a n c e s o n w h i c h a n y

s u c h f o r w a r d l o o k i n g s t a t e m e n t i s b a s e d .

J O R C I n f o r m a t i o n

T h i s r e p o r t i n c l u d e s r e s u l t s t h a t h a v e p r e v i o u s l y b e e n r e l e a s e d u n d e r J O R C 2 0 1 2 b y t h e C o m p a n y A d d i t i o n a l d e t a i l s

i n c l u d i n g J O R C 2 0 1 2 r e p o r t i n g t a b l e s , w h e r e a p p l i c a b l e c a n b e f o u n d i n t h e f o l l o w i n g r e l e v a n t a n n o u n c e m e n t s l o d g e d

w i t h t h e A S X a n d t h e C o m p a n y i s n o t a w a r e o f a n y n e w d a t a o r i n f o r m a t i o n t h a t m a t e r i a l l y a f f e c t s t h e i n f o r m a t i o n

i n c l u d e d i n t h e a n n o u n c e m e n t s l i s t e d ; 2 4 N o v e m b e r 2 0 1 7 a s “ H i g h G r a d e F i r s t D r i l l R e s u l t s - S t a n t o n C o b a l t D e p o s i t ” ,

2 9 N o v e m b e r 2 0 1 7 a s “ F u r t h e r H i g h G r a d e C o b a l t R e s u l t s - S t a n t o n C o b a l t D e p o s i t ” , 7 D e c e m b e r 2 0 1 7 a s “ S t a n t o n

C o b a l t R e s o u r c e R e m a i n s O p e n i n M u l t i p l e D i r e c t i o n s ” , 2 2 D e c e m b e r 2 0 1 7 a s “ D e t a i l e d M a g n e t i c S u r v e y o v e r S t a n t o n

C o b a l t D e p o s i t ” , 5 F e b r u a r y 2 0 1 8 a s “ F i n a l D r i l l i n g R e s u l t s 2 0 1 7 D r i l l i n g P r o g r a m ” , 7 M a y 2 0 1 8 a s “ S t a n t o n C o b a l t

R e s o u r c e D i a m o n d A s s a y R e s u l t s ” , 3 0 M a y 2 0 1 8 a s “ R e g i o n a l C o b a l t T a r g e t s I d e n t i f i e d o n W o l l o g o r a n g P r o j e c t ” , 2 8

A u g u s t 2 0 1 8 a s “ C o p p e r d i s c o v e r e d a t F i r s t D r i l l T a r g e t ” , 1 9 S e p t e m b e r 2 0 1 8 a s “ C o p p e r D i s c o v e r y G r o w s a t G r e g j o

P r o s p e c t ” , 2 8 S e p t e m b e r 2 0 1 8 a s “ A G M M a n a g i n g D i r e c t o r ' s P r e s e n t a t i o n ” , 9 O c t o b e r 2 0 1 8 a s “ C o p p e r I n t e r s e c t i o n

C o n f i r m s N e w M o d e l a t R u n n i n g C r e e k ” , 1 9 O c t o b e r 2 0 1 8 a s “ C o b a l t S y s t e m D e v e l o p i n g a t R u n n i n g C r e e k ” , 1 4

D e c e m b e r 2 0 1 8 a s “ C o b a l t , C o p p e r S y s t e m C o n f i r m e d a t R u n n i n g C r e e k ” , 2 2 J a n u a r y 2 0 1 9 a s ” G e o p h y s i c s H i g h l i g h t

P o t e n t i a l a t G r e g j o ” , a n d 9 J u l y 2 0 2 1 a s “ V T E M S u r v e y I d e n t i f i e s M u l t i p l e C o n d u c t o r s - W o l l o g o r a n g P r o j e c t ” a n d o n

t h e 6 4 N o r t h P r o j e c t : “ 2 0 1 9 A G M M a n a g i n g D i r e c t o r ’ s P r e s e n t a t i o n ” o n 2 6 N o v e m b e r 2 0 1 9 , “ E x p l o r a t i o n U p d a t e -

6 4 N o r t h P r o j e c t A l a s k a ” o n 1 4 M a y 2 0 2 0 , “ D r i l l i n g U p d a t e - 6 4 N o r t h P r o j e c t A l a s k a ” o n 2 4 J u n e 2 0 2 0 , “ I n v e s t o r

P r e s e n t a t i o n - N o o s a M i n i n g V i r t u a l C o n f e r e n c e ” o n 1 3 J u l y 2 0 2 0 , “ D r i l l i n g C o m m e n c e d a t R e f l e c t i o n P r o s p e c t -

6 4 N o r t h ” o n 2 5 A u g u s t 2 0 2 0 , “ A s s a y s a n d O p e r a t i o n s U p d a t e 6 4 N o r t h P r o j e c t A l a s k a ” o n 1 0 S e p t e m b e r 2 0 2 0 ,

“ B o u n d a r y P r o s p e c t R e s u l t s a t P o g o T r e n d - 6 4 N o r t h P r o j e c t ” o n 2 4 S e p t e m b e r 2 0 2 0 , “ D r i l l i n g R e s u l t s W e s t P o g o

B l o c k - 6 4 N o r t h P r o j e c t , A l a s k a ” o n 2 9 S e p t e m b e r 2 0 2 0 , “ Q u a r t e r l y R e p o r t S e p t e m b e r 2 0 2 0 ” o n 3 0 O c t o b e r 2 0 2 0 ,

“ A l a s k a M i n e r s A s s o c i a t i o n T e c h n i c a l P r e s e n t a t i o n ” o n 5 N o v e m b e r 2 0 2 0 , “ N e w C l a i m s A d d e d E a s t P o g o – 6 4 N o r t h

P r o j e c t , A l a s k a ” o n 1 4 D e c e m b e r 2 0 2 0 , “ O u t c r o p p i n g G o l d S y s t e m I d e n t i f i e d - A s s a y R e s u l t s 2 0 2 0 , 6 4 N o r t h , A l a s k a ”

o n 1 8 J a n u a r y 2 0 2 1 , “ P o s i t i v e r e v i s i o n o f J V a g r e e m e n t f o r 6 4 N o r t h p r o j e c t , A l a s k a ” o n 9 F e b r u a r y 2 0 2 1 , “ S u n r i s e

P r o s p e c t a s s a y r e s u l t s c o n f i r m F o r t K n o x S t y l e m i n e r a l i s a t i o n ” 1 7 M a y 2 0 2 1 a n d “ D r i l l i n g P r o g r a m C o m p l e t e d a t E a s t

P o g o G o l d P r o s p e c t ” 5 J u l y 2 0 2 1 .

C o m p e t e n t P e r s o n s S t a t e m e n t

T h e i n f o r m a t i o n i n t h i s r e p o r t t h a t r e l a t e s t o E x p l o r a t i o n R e s u l t s i s b a s e d o n i n f o r m a t i o n c o m p i l e d b y M r D u n c a n

C h e s s e l l w h o i s a m e m b e r o f t h e A u s t r a l a s i a n I n s t i t u t e o f M i n i n g a n d M e t a l l u r g y a n d A u s t r a l i a n I n s t i t u t e o f

G e o s c i e n t i s t s . M r C h e s s e l l i s a D i r e c t o r a n d f u l l - t i m e e m p l o y e e o f t h e c o m p a n y . M r C h e s s e l l h o l d s S h a r e s , O p t i o n s

a n d P e r f o r m a n c e R i g h t s i n t h e C o m p a n y a s h a s b e e n p r e v i o u s l y d i s c l o s e d . M r C h e s s e l l h a s s u f f i c i e n t e x p e r i e n c e

t h a t i s r e l e v a n t t o t h e s t y l e o f m i n e r a l i s a t i o n a n d t y p e o f d e p o s i t u n d e r c o n s i d e r a t i o n a n d t o t h e a c t i v i t y b e i n g

u n d e r t a k e n t o q u a l i f y a s a C o m p e t e n t P e r s o n a s d e f i n e d i n t h e 2 0 1 2 E d i t i o n o f t h e ‘ A u s t r a l i a n C o d e f o r R e p o r t i n g o f

E x p l o r a t i o n R e s u l t s , M i n e r a l R e s o u r c e s a n d O r e R e s e r v e s ’ . M r D u n c a n C h e s s e l l c o n s e n t s t o t h e i n c l u s i o n i n t h e

r e p o r t o f t h e m a t t e r s b a s e d o n h i s i n f o r m a t i o n i n t h e f o r m i n w h i c h i t i s a p p e a r s .

P r o j e c t O w n e r s h i p

6 4 N o r t h P r o j e c t - R M L h o l d s a 3 0 % I n t e r e s t a n d i s e a r n i n g t o a 6 0 % i n t e r e s t f r o m V e n d o r M i l l r o c k R e s o u r c e s w i t h a

p a t h w a y t o e a r n u p t o 8 0 % o n a “ b e s t b l o c k ” . S e e A S X : R M L A n n o u n c e m e n t 9 / 2 / 2 1 . B e n m a r a P r o j e c t R M L h a s O p t i o n

t o p u r c h a s e 1 0 0 % i n t e r e s t , s e e R M L A n n o u n c e m e n t 1 5 D e c 2 0 2 0 . W o l l o g o r a n g 1 0 0 % i n t e r e s t . S n e t t i s h a m 1 0 0 %

i n t e r e s t .

A u s t r a l i a n P r o j e c t s L o c a t i o n M a p – s o u r c e o f d a t a G e o s c i e n c e A u s t r a l i a ( L A B 1 7 0 k m D e p t h C o r r i d o r - H o g g a r d e t a l

2 0 2 0 ) , N o r t h e r n T e r r i t o r y G o v e r n m e n t o f A u s t r a l i a ( S T R I K E T e n u r e a n d G e o s c i e n c e I n f o r m a t i o n , Q u e e n s l a n d

G o v e r n m e n t ( O p e n D a t a P o r t a l Q u e e n s l a n d M i n i n g a n d E x p l o r a t i o n T e n u r e S e r i e s ) .

T i n t i n t a G o l d P r o v i n c e M a p – s o u r c e o f d a t a : K e n s i n g t o n ( C o e u r M i n i n g , w w w . c o e u r . c o m ) , P e b b l e ( N o r t h e r n

D y n a s t y , w w w . n o r t h e r n d y n a s t y m i n e r a l s . c o m ) , P o g o ( N o r t h e r n S t a r R e s o u r c e s , w w w . n s r l t d . c o m ) , F o r t K n o x ( K i n r o s s ,

w w w . k i n r o s s . c o m ) , D o n l i n C r e e k ( N o v a G o l d , w w w . n o v a g o l d . c o m ) , L i v e n g o o d ( I n t e r n a t i o n a l T o w e r H i l l M i n e s ,

w w w . i t h m i n e s . c o m ) , E a g l e & D u b l i n G u l c h ( V i c t o r i a G o l d C o r p , w w w . v g c x . c o m ) , B r e w e r y C r e e k ( G o l d e n P r e d a t o r ,

w w w . g o l d e n p r e d a t o r . c o m ) , W h i t e G o l d ( W h i t e G o l d C o r p , w h i t e g o l d c o r p . c a ) , C o f f e e ( N e w m o n t , w w w . n e w m o n t . c o m ) .

DISCLAIMER, JORC INFORMATION & COMPETENT PERSONS STATEMENT

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