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DPM EXPLORATION CONFIRMS SCOPE AND GRADE OF MAJOR MOLYBDENUM MINERALIZATION IN SERBIA

Toronto, February 21, 2008 - Dundee Precious Metals Inc. (TSX: DPM; DPM.WT) (the “Company” or “DPM”) announced that further exploration work in Serbia continues to support the previously announced molybdenum (Mo) mineralization at its Surdulica Project in southeastern Serbia. “The exploration program we conducted in late 2007 has confirmed the scope and grade of the Surdulica molybdenum rhenium project, of which less than 8% of the anomalous Mo ‘footprint’ has been drill tested by DPM to date. A thorough scoping study to cover all aspects of developing the Surdulica project during 2008 is underway and we are very excited by the potential of this rapidly advancing project ,” said Jonathan Goodman, President and CEO of DPM. HIGHLIGHTS

• Soil sampling confirms the presence of a major zone of anomalous Mo over eight Km long and up to three Km wide.

• A 26,400 metre diamond drilling, RC drilling and trench sampling program has returned numerous significant intersections from both Mackatica and Borovik, with the majority of holes returning multiple wide Mo intersections.

• Detailed ground magnetics surveying strongly suggests that the Mackatica and Borovik Prospects form contiguous parts of a larger mineralized system.

• To date, less than 8% of the currently established soil sampling anomaly has been drill tested. • Both Mackatica and Borovik Prospects are open in all directions with wide intersections being confirmed to

greater than 300 metres vertical depth. • Metallurgical sampling has been completed on diamond drill core obtained from the Borovik Prospect and

testwork is underway. • Independent engineers Arccon Mining Services of Perth have been commissioned to compile the scoping

study, working in tandem with both DPM technical staff and other international and Serbian consulting groups, which is planned to be completed during Q2 2008.

MAIN INTERCEPTS • Results from diamond drilling, Reverse Circulation (“RC”) drilling and trench sampling have confirmed both

the extent and tenor of the Mackatica and Borovik Prospects. • Outstanding individual intercepts (which form part of multiple intersections within individual drill holes)

include the following (using a 300ppm Mo cut off, 2m minimum interval and 2m maximum contiguous internal waste): Note 1,000 ppm Mo = 0.1% Mo

o Mackatica MCDD002 39m at 1,013ppm Mo from 5m MCDD002 60m at 750ppm Mo from 189m MCDD003 150m at 732ppm Mo from 55m MCDD006 123m at 510ppm Mo from 112m MCDD022 160m at 738ppm Mo from 89m MCDD029 59.4m at 638ppm Mo from 105.7m

Dundee Precious Metals Inc.

MCDD032 102m at 531ppm Mo from 0m MCDD035 62m at 640ppm Mo from 82m MCDD039 101m at 600ppm Mo from 243m MCDD043 78.3m at 752ppm Mo from 152.7m MCDD053 46.5m at 898ppm Mo from 7.5m MCDT006 59.6m at 699ppm Mo from 304m MCRC006 187m at 611ppm Mo from 62m MCRC014 97m at 655ppm Mo from 146m

o Borovik BVDD004 44m at 816ppm Mo from 136m BVDD005 66m at 610ppm Mo from 54m BVDT002 81.6m at 552ppm Mo from 117.4m BVRC001 63m at 729ppm Mo from 44m BVRC005 135m at 582ppm Mo from 0m

Introduction Following the recognition of potentially significant Mo and rhenium (“Re”) mineralization at the Surdulica project DPM has undertaken an aggressive diamond and RC drilling program along with an extensive surface trench sampling program, the results of which have been received, validated and compiled. Figure 1 displays the location of the Surdulica Mo - Re project in southeastern Serbia. Exploration Activities Along with the multi-rig drilling program, a multi-disciplinary exploration program is underway including regional geological and structural analysis, detailed geological and alteration mapping, ground magnetics surveying, geophysical property testing of core, systematic surface geochemical sampling and trenching. In addition, a representative suite of metallurgical samples has been collected from the Borovik core and sent to SGS Lakefield in Toronto for initial test work to compliment the work completed to date on the Mackatica drill core. Table 1 summarizes the drilling and trenching completed at Mackatica and Surdulica from September to December 2007. A total of 26,472m of diamond drilling, RC drilling and trench sampling were completed, comprising 17,301m of diamond drilling, 5035m of RC drilling and 4136m of trenching. The Mackatica prospect was the initial focus of the programme and the onset of winter conditions precluded further drilling at Borovik. DPM’s standard suite of drilling, sampling and assaying protocols was employed throughout the program, including strict monitoring of drilling and sample quality, duplicate and replicate sampling, use of internationally accredited standards and blanks, the submission of suites of samples to multiple laboratories and intensive QAQC monitoring. The samples were prepared at DPM’s Bor sample preparation facility, and the sub samples were assayed at the Chelopech laboratory in Bulgaria, both of which are independently managed by SGS Laboratories. All Mo assays have been received for the drilling to date, with the results for one trench at Borovik being outstanding at the time of compilation of this report. All samples also have been sent to SGS Lakefield in Toronto for detailed analysis of Re and a full suite of other elements including check analysis of Mo using the ICP-MS technique (inductively couple plasma followed by reading on a mass spectrometer). Results obtained by this technique on Mackatica samples have shown an extremely high correlation between Mo and Re grades. Results are awaited from the ICP-MS analyses. Table 2 summarizes drilling and trenching results, using a 300ppm Mo cut off, in order to illustrate the following key points:

• The great majority of drill holes have returned multiple, thick intercepts, with average aggregate down hole intercept widths per hole in the range 60m to 80m.


• Similar weighted average Mo grades have been returned from Mackatica and Borovik ranging from 550ppm Mo to 590ppm Mo which correspond precisely with the targeted grade, based on the available historical data.

Phase Trench Total

Diamond (m) RC (m) (m) (m)

Proof of Concept 2078.4 899 2977.4

Initial 80m x 80m 1443.4 794 50 2287.4

Extension 80m x 80m

Total 3521.8 794 949 5264.8

Phase Trench Total

Diamond (m) RC (m) (m) (m)

Proof of Concept 1710.1 2426 4136.1

Initial 80m x 80m 9182.4 2638 11820.4

Extension 80m x 80m 2886.6 1603 761 5250.6

Total 13779.1 4241 3187 21207.1Program Total 17300.9 5035 4136 26471.9

Prospect Number Maximum Average of holes Depth (m) Depth (m)

Mackatica 76 363.6 238.2Borovik 19 340.1 227.2Total 95 363.6 236.0

Drilling

Table 1

Mackatica and Borovik Prospects

2007 Drilling and Trenching Summary

Borovik

Mackatica

Drilling

Tables 3 and 4 display significant individual intercepts for Borovik and Mackatica, respectively, using a 300ppm Mo cut off, 2m minimum intercept length and a maximum of 2m contiguous internal waste. Numerous thick, high grade intercepts have been returned, and it is stressed that these are individual intercepts in holes returning multiple zones. Appendix A contains a full listing of drill and trench intercepts for Borovik and Appendix B contains the full intercept listing for Mackatica, using a 300ppm Mo cut off grade. The drilling carried out to date indicates that both Mackatica and Borovik are ‘open’ in all directions, with strong intercepts being returned at the peripheries of both sets of drilling and at depth, as shown in Figure 2, which shows the drilling and trench results overlaid on soil assays received to date in the vicinity of Mackatica and Borovik. The mineralization and alteration styles shown in drill core from both Mackatica and Borovik correspond to a ‘molybdenum porphyry’ style, albeit with a strong structural control. In addition, a programme of detailed ground


magnetics surveying suggests that the alteration systems which host Mackatica and Borovik are contiguous and the two prospects form part of a significantly larger system, which is also borne out by the soil sampling results. Figure 3 displays a cross section from Mackatica and shows the typical wide mineralized zones encountered at both Mackatica and Borovik. The cross section also illustrates that the mineralized zones are open at depth.

Data type Number of Number of Number of Average Average Average mineralized Intersections Intercepts Intercept Intercept_m Mo

Holes/Trenches per hole length (m) per hole (ppm)Mackatica Trenches 31 54 2 12 20 506Mackatica Diamond drilling 50 172 3 18 60 590Mackatica RC drilling 11 42 4 21 79 538Borovik Trenches 1 14 14 20 278 511Borovik diamond drilling 14 65 5 8 75 545Brovik RC drilling 7 15 2 30 65 572

Notes: (i) Diamond drilling includes diamond 'tails' of RC holes

(ii) RC drilling' is the proportion of a hole drilled by RC methods

(iii) Minimum 2m intercept, maximum 2m contiguous waste

(iv) No top cut used

Table 22007 Program : Drilling and Trenching Summary

300 ppm Mo cut off

A suite of representative samples has been collected from the Borovik diamond core and sent to SGS Lakefield in Toronto for initial metallurgical testwork. The formal report on the Borovik testwork is pending. A comprehensive database is maintained using Acquire software and the database is in the final stages of validation prior to being sent to RSG Global Coffey Mining in Perth, who have been commissioned to complete a National Instrument 43-101 (“NI 43-101”) compliant resource estimate on the drilling and trenching to date as part of the scoping study. Following the initial ‘ridge and spur’ soil sampling, a programme of grid based infill soil sampling has begun, using a 100m by 50m sampling pattern. Figure 4 displays gridded Mo data for all soil assays received to date, and clearly outlines a major zone of anomalous Mo some 8km long. The drilling completed to date covers less than 8% of the total anomalous Mo zone. As soon as snow cover clears, detailed infill soil sampling of the southern half of the Surdulica Exploration Licence will be completed in order to enable first pass trench sampling to be completed, followed by ‘footprint’ scale drill testing. A key aim of the 2008 exploration programme at Surdulica is to determine the scale of Mo-Re mineralization at Surdulica in order to formulate key parameters for a pre-feasibility study, an essential part of which will be wide spaced ‘footprint’ drilling in order to provide an initial data source for updated NI 43-101 compliant resource estimates. Arccon Mining Services of Perth has been commissioned to manage the scoping study and work in close conjunction with both DPM technical staff and a variety of international and Serbian consulting groups. Completion of the scoping study is anticipated during Q2 2008 in order to determine key metrics for a pre-feasibility study.


In addition, DPM has established a significant logistical base in Surdulica in order to facilitate management of this rapidly expanding project. DPM is particularly encouraged by results obtained to date, which have confirmed the tenor and potential of the Surdulica Mo-Re project. The project will be a key focus for both exploration and engineering studies in Serbia during 2008, particularly given the strategic location of the project within Europe and the excellent infrastructure which exists very close to the project area.

Hole/Trench From To Interval Mo Sulphur Mo_MNumber (m) (m) (m) (ppm) (%) (ppm*m)

BVDD003 19.9 86 66.1 473 0.5 31286BVDD004 29 73 44 614 1.9 27029BVDD004 136 180 44 816 1.4 35908BVDD005 54 120 66 610 2.6 40230BVDD005 128 156 28 907 3.1 25401BVDD006 249 296 47 444 2.1 20872BVDT002 117.4 199 81.6 552 1.2 45039BVDT002 219 285 66 495 0.8 32663BVDT003 191 225 34 768 1.2 26119

BVRC001 44 107 63 729 1.6 45942BVRC002 65 110 45 577 1.4 25945BVRC004 29 59 30 666 0.8 19969BVRC005 0 135 135 582 1.7 78539BVRC006 24 76 52 457 0.8 23782

BVTR001 495 533 38 537 0.1 20398BVTR001 555 609 54 683 0.1 36884

Note: (i) 2m minimum interval and 2m maximum contiguous waste(ii) No upper cut applied

RC Drilling

Trench

Table 3Borovik

Significant individual intercepts300 ppm Mo cut off

Diamond Drilling


Hole/Trench From To Interval Mo Sulphur Mo_MNumber (m) (m) (m) (ppm) (%) (ppm*m)

MCDD001 49 66 17 1033 4.1 17561MCDD002 5 44 39 1013 2.7 39491MCDD002 153 174 21 939 1.5 19716MCDD002 189 249 60 750 2.9 44985MCDD003 2.1 48 45.9 756 2.5 34713MCDD003 55 205 150 732 4.1 109818MCDD006 112 235 123 510 1.9 62771MCDD007 156 199 43 604 3.6 25985MCDD008 219 250.3 31.3 675 1.7 21142MCDD009 69 90 21 1141 3.7 23971MCDD012 31 75 44 429 1.2 18861MCDD013 135 168 33 568 1.7 18738MCDD020 57.3 82 24.7 786 1.1 19426MCDD022 89 249 160 738 2.6 118115MCDD029 105.7 165.1 59.4 638 37890MCDD032 0 102 102 531 1.0 54113MCDD032 153 193 40 479 3.6 19142MCDD033 0 21 21 1472 0.8 30912MCDD035 82 144 62 640 2.1 39709MCDD037 38 82 44 537 1.1 23645MCDD039 243 344 101 600 3.2 60642MCDD043 152.7 231 78.3 752 1.0 58858MCDD045 28 63 35 647 2.8 22662MCDD052 172 192 20 955 2.5 19099MCDD053 7.5 54 46.5 898 1.0 41755MCDT006 304 363.6 59.6 699 3.2 41678MCDT014 220 264.5 44.5 622 3.0 27677

MCRC006 62 249 187 611 2.5 114307MCRC009 54 94 40 447 1.9 17890MCRC014 81 178 97 655 2.5 63575MCRC020 56 106 50 529 1.6 26470MCRC021 146 182 36 655 2.9 23584MCRC022 62 96 34 534 2.0 18156

MCTR044 0 42 42 464 0.0 19486MCTR046 0 35 35 736 0.0 25765MCTR059 6 36 30 707 0.1 21211

Note: (i) 2m minimum interval and 2m maximum contiguous waste(ii) No upper cut applied

Mackatica Trenches

Table 4Mackatica

Significant individual intercepts300 ppm Mo cut off

Diamond Drilling

RC Drilling


Dr. Julian F. H. Barnes, a qualified person under NI 43-101 and Executive Vice President of DPM, has supervised the preparation of the technical data included in this press release. Dundee Precious Metals Inc. is a Canadian based, international mining company engaged in the acquisition, exploration, development and mining of precious metals. It currently owns the Chelopech Mine, a producing gold/copper mine, and the Krumovgrad Gold Project, a mining development project, both located in Bulgaria, and is engaged in mineral exploration activities in Serbia. In addition, Dundee Precious owns the Back River gold exploration project in Nunavut, Canada and a 95% interest in the Kapan Mine in Armenia. The Company also holds a significant and strategic portfolio of investments in the precious metals and mineral related sector. FORWARD LOOKING INFORMATION This news release contains “forward-looking information” or "forward-looking statements" that involve a number of risks and uncertainties. Forward-looking information and forward-looking statements include, but are not limited to, statements with respect to the future prices of gold and other metals, the estimation of mineral reserves and resources, the realization of mineral estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on insurance coverage and timing and possible outcome of pending litigation. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any other future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: the actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, fluctuations in metal prices, as well as those risk factors discussed or referred to in this news release under and in the Company’s annual information form under the heading "Risk Factors" and other documents filed from time to time with the securities regulatory authorities in all provinces and territories of Canada and available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. For further information please contact: DUNDEE PRECIOUS METALS INC. Jonathan Goodman Gabriela M. Sanchez President & Chief Executive Officer Vice President Investor Relations Tel: (416) 365-2408 Tel: (416) 365-2549 Email: [email protected] Email: [email protected]


HoleID From To Interval (m) Mo (ppm) S (%) HoleID From To Interval (m) Mo (ppm) S (%)BVDD001 46 64 18 380 1.1 BVDD012 0 8 8 426 0.0BVDD001 215 220 5 649 0.8 BVDD012 42 77 35 410 3.4BVDD002 2 5 3 349 0.0 BVDD012 97 114 17 430 2.2BVDD002 127 132 5 413 0.5 BVDD012 149 157 8 564 2.3BVDD003 6 11 5 427 0.0 BVDD012 238 262 24 577 1.9BVDD003 19.9 86 66.1 473 0.5 BVDT002 117.4 199 81.6 552 1.2BVDD003 109 112 3 361 2.2 BVDT002 219 285 66 495 0.8BVDD003 135 143 8 400 2.8 BVDT003 26.2 31 4.8 406 0.1BVDD004 0 4 4 387 0.0BVDD004 29 73 44 614 1.9BVDD004 111 122 11 604 1.8BVDD004 136 180 44 816 1.4BVDD005 16 25 9 420 0.0BVDD005 33 40 7 569 3.5BVDD005 54 120 66 610 2.6BVDD005 128 156 28 907 3.1BVDD005 160 164 4 2122 1.4BVDD005 173 179 6 1139 2.7 HoleID From To Interval (m) Mo (ppm) S (%)BVDD006 89 92 3 556 1.8 BVRC001 4 11 7 505 0.0BVDD006 145 152 7 419 1.1 BVRC001 17 28 11 606 0.0BVDD006 161 166 5 567 1.0 BVRC001 44 107 63 729 1.6BVDD006 213 230 17 370 2.1 BVRC002 14 18 4 554 0.1BVDD006 249 296 47 444 2.1 BVRC002 65 110 45 577 1.4BVDD006 300 304 4 567 1.4 BVRC003 18 47 29 427 0.5BVDD007 62 71 9 639 1.4 BVRC003 67 76 9 567 1.1BVDD008 0 13 13 468 0.0 BVRC004 29 59 30 666 0.8BVDD008 36 52 16 630 3.4 BVRC004 69 84 15 668 1.5BVDD008 61 96 35 473 2.6 BVRC005 0 135 135 582 1.7BVDD008 169 172 3 1054 3.3 BVRC006 2 8 6 506 0.1BVDD009 13 16 3 387 2.4 BVRC006 13 19 6 392 0.0BVDD009 122 135 13 309 6.9 BVRC006 24 76 52 457 0.8BVDD009 155 159 4 346 4.8 BVRC007 64 83 19 520 0.8BVDD009 198 202 4 611 3.6 BVRC007 88 110 22 443 0.8BVDD009 213 238 25 408 3.9BVDD010 0 15 15 537 0.1BVDD010 24 34.3 10.3 726 1.5BVDD010 52.2 69 16.8 601 8.0BVDD010 93 96 3 401 8.3BVDD010 178.8 193 14.2 414 2.1BVDD011 1 6 5 327 0.0BVDD011 53 58 5 781 3.1BVDD011 64 83 19 349 1.9BVDD011 95 125 30 384 3.5 HoleID From To Interval (m) Mo (ppm) S (%)BVDD011 135 147 12 479 4.6 BVTR001 205 212 7 312 0.0BVDD011 194 198 4 362 4.4 BVTR001 257 266 9 323 0.1BVDD011 267 283 16 400 2.7 BVTR001 282 291 9 312 0.2BVDD011 287 293 6 344 3.2 BVTR001 296 307 11 371 0.0BVDD011 309 315 6 372 3.8 BVTR001 348 367 19 453 0.0BVDD011 319 332 13 346 3.9 BVTR001 406 429 23 398 0.0BVDT003 35 41 6 345 1.4 BVTR001 437 467 30 471 0.0BVDT003 73 83 10 419 1.1 BVTR001 474 488 14 594 0.1BVDT003 87 98 11 905 0.9 BVTR001 495 533 38 537 0.1BVDT003 102 118 16 986 0.9 BVTR001 555 609 54 683 0.1BVDT003 121.6 128 6.4 478 1.6 BVTR001 614 629 15 864 0.2BVDT003 191 225 34 768 1.2 BVTR001 720 730 10 520 0.3BVDT003 262 266 4 519 1.2 BVTR001 780 796 16 396 0.4BVDT003 328 331 3 378 0.6 BVTR001 805 828 23 347 0.2

(2m minimum interval, 2m maximum internal waste)

APPENDIX ABorovik

Diamond Drilling Intersections (Continued)300 ppm Mo Cut Off


APPENDIX A

APPENDIX A

Appendix A

Borovik Trench Intersections300 ppm Mo Cut Off

Borovik Diamond Drilling Intersections

300 ppm Mo Cut Off(2m minimum interval, 2m maximum internal waste)

Borovik Reverse Circulation Drilling Intersections

300 ppm Mo Cut Off(2m minimum interval, 2m maximum internal waste)


HoleID From To Interval (m) Mo (ppm) S (%) HoleID From To Interval (m)Mo (ppm) S (%)MCDD001 5.4 16 10.6 359 3.4 MCDD018 42 69 27 428MCDD001 21 31.6 10.6 521 2.2 MCDD019 149 167 18 481 2.3MCDD001 49 66 17 1033 4.1 MCDD020 50 54 4 452 0.5MCDD001 124 138 14 817 3.1 MCDD020 57.3 82 24.7 786 1.1MCDD002 5 44 39 1013 2.7 MCDD021 131 135 4 459 2.1MCDD002 153 174 21 939 1.5 MCDD021 147 163 16 554 1.3MCDD002 189 249 60 750 2.9 MCDD022 13.7 17 3.3 317 2.2MCDD003 2.1 48 45.9 756 2.5 MCDD022 36.9 68 31.1 519 2.5MCDD003 55 205 150 732 4.1 MCDD022 75 80 5 401 3.1MCDD003 236 241 5 817 2.2 MCDD022 89 249 160 738 2.6MCDD004 78 91 13 680 2.0 MCDD023 6.9 24 17.1 326 1.2MCDD005 1 5 4 458 0.0 MCDD023 32 47 15 368 1.5MCDD005 24 28 4 460 1.4 MCDD023 246 249 3 390 4.1MCDD005 63 69 6 353 0.9 MCDD027 164 192 28 377 1.1MCDD005 89 93 4 803 2.3 MCDD029 45 48 3 348MCDD005 108 114 6 420 0.8 MCDD029 51 60 9 384MCDD005 131 142 11 498 1.9 MCDD029 65 99 34 514MCDD005 163 181.5 18.5 388 2.7 MCDD029 105.7 165.1 59.4 638MCDD006 24 37 13 375 1.3 MCDD030 128 135 7 732 1.2MCDD006 83 91 8 412 1.4 MCDD030 140 177 37 363 1.6MCDD006 98 105 7 320 3.2 MCDD030 181 184 3 590 3.1MCDD006 112 235 123 510 1.9 MCDD032 0 102 102 531 1.0MCDD006 246 250 4 1042 1.7 MCDD032 110 128 18 592 3.9MCDD007 88 99 11 887 2.2 MCDD032 134.8 148 13.2 633 6.6MCDD007 156 199 43 604 3.6 MCDD032 153 193 40 479 3.6MCDD008 13 24 11 386 0.5 MCDD032 203 227 24 447 6.3MCDD008 30 40 10 421 1.7 MCDD032 231 262 31 363 3.6MCDD008 156 176 20 329 4.2 MCDD032 269 288 19 467 2.7MCDD008 184 187 3 367 0.6 MCDD032 300 319 19 536 2.3MCDD008 196 199 3 394 0.5 MCDD032 324 328.5 4.5 515 2.0MCDD008 210 214 4 643 2.4 MCDD033 0 21 21 1472 0.8MCDD008 219 250.3 31.3 675 1.7 MCDD033 71 81 10 368 0.8MCDD009 69 90 21 1141 3.7 MCDD033 88 91 3 522 1.7MCDD009 135 153 18 451 4.9 MCDD033 117 122 5 678 1.6MCDD009 157 160 3 366 3.0 MCDD033 127 131 4 505 1.8MCDD009 177 185 8 841 4.0 MCDD033 168 191 23 487 1.0MCDD009 212 227 15 428 4.0 MCDD034 7 13 6 474 4.7MCDD009 278 283 5 365 2.6 MCDD034 48.2 51.2 3 781 0.6MCDD009 293 296 3 547 3.1 MCDD034 95.3 102 6.7 673 2.1MCDD010 23 41 18 369 1.3 MCDD035 5.2 10.3 5.1 632 2.9MCDD010 48 51 3 440 1.5 MCDD035 18 33 15 414 2.5MCDD010 56 63 7 361 1.1 MCDD035 37 46 9 322 1.3MCDD010 68 73 5 381 1.2 MCDD035 52 60.2 8.2 419 2.2MCDD010 90 95 5 418 1.5 MCDD035 67.9 74 6.1 610 3.1MCDD011 230 239 9 469 10.6 MCDD035 82 144 62 640 2.1MCDD012 4 13 9 487 0.0 MCDD035 178 183 5 655 1.1MCDD012 31 75 44 429 1.2 MCDD035 211 221 10 836 1.8MCDD012 182 185 3 389 0.9 MCDD036 0 29.5 29.5 423 0.0MCDD012 238 241 3 311 2.3 MCDD037 23.5 34 10.5 335 0.0MCDD012 249 253 4 333 0.8 MCDD037 38 82 44 537 1.1MCDD012 304 309 5 652 1.7 MCDD037 120 134.3 14.3 462 1.4MCDD013 128 131 3 853 1.4 MCDD038 107 111 4 626 9.1MCDD013 135 168 33 568 1.7 MCDD038 123 127 4 475 7.6MCDD013 183 187 4 572 2.1 MCDD038 158 161 3 619 3.7MCDD013 215 220 5 475 1.5 MCDD038 205 211 6 1767 3.3MCDD015 218 225 7 416MCDD015 259 265 6 464

APPENDIX B APPENDIX BMackatica

Diamond Drilling Intersections300 ppm Mo Cut Off

Mackatica Diamond Drilling Intersections

300 ppm Mo Cut Off(2m minimum interval, 2m maximum internal waste) (2m minimum interval, 2m maximum internal waste)


HoleID From To Interval (m)Mo (ppm) S (%)MCDD039 1 32.5 31.5 557 0.4MCDD039 71 77 6 413 3.4MCDD039 82 91 9 469 3.3MCDD039 97 101 4 445 3.7MCDD039 125 132 7 500 7.3MCDD039 143 167 24 503 4.4MCDD039 174 195 21 448 3.4MCDD039 199 217 18 560 3.5MCDD039 222 239 17 532 3.2MCDD039 243 344 101 600 3.2MCDD039 348 360 12 420 3.8MCDD040 79 87 8 318 1.1MCDD042 73 77 4 392 0.3MCDD043 147 150 3 439 0.6MCDD043 152.7 231 78.3 752 1.0MCDD043 239 247 8 519 1.1MCDD045 0 13.2 13.2 559 0.0MCDD045 28 63 35 647 2.8MCDD045 129 132 3 353 3.2MCDD045 173 187 14 384 6.5MCDD045 192 204 12 410 4.2MCDD045 221 226 5 325 4.0MCDD046 13.5 18.5 5 431 0.0MCDD046 25.9 30.5 4.6 345 1.5MCDD046 41 48 7 342 1.1MCDD048 6.1 30 23.9 419 0.0MCDD048 49 67 18 662 3.5MCDD049 5.9 10.4 4.5 378 0.0MCDD049 22 25 3 362 1.2MCDD049 26 29 3 306 1.7MCDD051 22 35.5 13.5 344 0.1MCDD051 204 222 18 497 1.7MCDD051 236 253.5 17.5 473 1.5MCDD052 66 70.6 4.6 396 0.1MCDD052 116 125 9 588 2.1MCDD052 172 192 20 955 2.5MCDD052 197.8 206 8.2 626 1.8MCDD053 7.5 54 46.5 898 1.0MCDD053 107 131 24 535 2.6MCDD053 234 240 6 577 4.2MCDD054 36 41 5 650 1.6MCDD054 46 59 13 507 1.3MCDD054 127 149 22 517 1.1MCDT006 263 284 21 619 1.8MCDT006 304 363.6 59.6 699 3.2MCDT008 230 233 3 374 0.9MCDT009 229 246 17 687 3.8MCDT009 250 257.3 7.3 577 1.9MCDT009 273 277 4 306 3.1MCDT009 279 287 8 500 2.1MCDT011 316 323 7 610 2.5MCDT012 261 266 5 491 4.7MCDT013 273 293 20 400 11.4MCDT013 328 336 8 383 4.9MCDT014 220 264.5 44.5 622 3.0MCDT014 286 290 4 605 1.9MCDT014 295 298 3 394 2.7MCDT014 327 330.8 3.8 825 7.7MCDT015 89 100 11 332 2.4MCDT015 104 112 8 436 2.5

APPENDIX BMackatica

Diamond Drilling Intersections300 ppm Mo Cut Off



HoleID From To Interval (m) Mo (ppm) S (%) HoleID From To Interval (m) Mo (ppm) S (%)MCRC006 18 26 8 347 3.1 MCTR002 0 6 6 330 0.3MCRC006 48 51 3 438 2.1 MCTR002 8 11 3 314 0.2MCRC006 62 249 187 611 2.5 MCTR002 15 19 4 461 0.3MCRC007 56 81 25 556 1.5 MCTR003 3 7 4 363 1.3MCRC007 107 113 6 486 4.5 MCTR003 11 34 23 455 0.9MCRC007 122 125 3 657 7.0 MCTR005 95 99 4 348 0.6MCRC007 139 143 4 479 10.6 MCTR006 0 23 23 674 0.0MCRC007 151 173 22 555 4.9 MCTR007 0 10 10 633 0.1MCRC009 9 28 19 754 0.0 MCTR008 0 18 18 556 0.1MCRC009 32 50 18 422 1.3 MCTR011 87 103 16 347 0.0MCRC009 54 94 40 447 1.9 MCTR012 0 13 13 687 0.0MCRC009 133 138 5 389 6.8 MCTR015 10 14 4 366MCRC009 195 214 19 529 5.5 MCTR015 17 22 5 317MCRC010 20 56 36 303 1.6 MCTR015 26 36 10 643MCRC011 10 19 9 482 0.0 MCTR015 54 59 5 405MCRC011 24 31 7 345 0.0 MCTR016 18 23 5 346MCRC011 35 38 3 370 0.0 MCTR018 4 15 11 393 0.1MCRC011 44 50 6 391 1.0 MCTR018 23 27 4 368 0.2MCRC011 55 61 6 350 1.0 MCTR019 3 11 8 427 0.1MCRC011 100 104 4 430 4.7 MCTR019 24 27 3 313 0.0MCRC011 108 123 15 586 3.8 MCTR020 7 11 4 425 0.2MCRC011 189 195 6 336 5.8 MCTR027 4 13 9 644 0.4MCRC012 4 23 19 347 0.0 MCTR030 12 30 18 419 0.0MCRC012 76 83 7 382 6.3 MCTR032 12 30 18 455 0.1MCRC014 81 178 97 655 2.5 MCTR033 0 12 12 477 0.0MCRC014 185 204 19 405 5.7 MCTR033 26 30 4 343 0.1MCRC015 58 69 11 575 2.4 MCTR034 14 17 3 351 0.1MCRC020 56 106 50 529 1.6 MCTR034 38 41 3 358 0.0MCRC020 115 131 16 448 1.9 MCTR034 70 75 5 389 0.1MCRC020 135 139 4 536 3.7 MCTR036 5 18 13 425 0.0MCRC020 143 151 8 493 0.6 MCTR043 26 29 3 325 0.0MCRC020 157 171 14 529 3.5 MCTR043 49 59 10 308 0.0MCRC020 177 191 14 616 3.0 MCTR043 60 65 5 391 0.0MCRC020 198 221 23 422 2.0 MCTR044 0 42 42 464 0.0MCRC020 229 233 4 360 2.2 MCTR044 68 96 28 481 0.0MCRC021 146 182 36 655 2.9 MCTR044 103 113 10 462 0.2MCRC021 191 195 4 922 6.4 MCTR045 0 8 8 482 0.5MCRC021 199 207 8 638 1.6 MCTR046 0 35 35 736 0.0MCRC021 214 230 16 624 2.7 MCTR047 0 22 22 766 0.0MCRC022 5 18 13 417 0.0 MCTR048 3 24 21 663 0.1MCRC022 27 53 26 441 0.8 MCTR049 67 72 5 482 0.0MCRC022 62 96 34 534 2.0 MCTR051 42 47 5 534 0.0

MCTR052 13 28 15 488 0.1MCTR057 0 5 5 495 0.3MCTR057 10 13 3 352 0.1MCTR059 6 36 30 707 0.1MCTR059 50 56 6 511 0.0MCTR059 66 79 13 535 0.0MCTR059 83 89 6 364 0.0MCTR061 27 55 28 438 0.0MCTR061 59 74 15 325 0.0MCTR061 238 268 30 454 0.0MCTR061 282 286 4 337 0.0MCTR061 393 404 11 397 0.2

APPENDIX B APPENDIX BMackatica Mackatica

Reverse Circulation Drilling Intersections Trench Intersections300 ppm Mo Cut Off 300 ppm Mo Cut Off

(2m minimum interval, 2m maximum internal waste) (2m minimum interval, 2m maximum internal waste)

dpm exploration confirms scope and grade of major ...€¦ · dpm exploration confirms scope and...

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